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COSO on NYSE

CoastalSouth Bancshares, Inc.

State commercial bank that raised $21.1 million in 2024 (SEC Form D)1

In its 2026 annual report the company says: “CoastalSouth Bancshares, Inc., is a bank holding company headquartered in Atlanta, Georgia. We operate through our wholly-owned banking subsidiary, Coastal States Bank, a South Carolina state-chartered commercial bank. We currently operate 11 retail banking branches in three primary markets, including the Lowcountry of South Carolina, Savannah, Georgia, and metro Atlanta, Georgia.”7 Its shares trade on NYSE under the symbol COSO.1

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Last updated Oct 21, 2026.

Overview

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  • TickerCOSO on NYSE1
  • IndustryState Commercial Banks1
  • HeadquartersAtlanta, Georgia1
  • Business address400 Galleria Pkwy, Suite 1900, Atlanta, Ga 303392
  • Filer categoryNon-accelerated filer, Smaller reporting company, Emerging growth company2
  • Legal formCorporation

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Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2025

1254.0%Net margin4
6.4%Revenue growth, 20254
9.6%Return on equity4
$61.3MFree cash flow4

What sells

Revenue by product, business segment and region, as the company reports it to the SEC.

Products and services

Debit Card brought in 26% of the revenue CoastalSouth Bancshares, Inc. broke down this way in fiscal 2025.

  1. Debit Card$991.0K426%up 14% from 2024
  2. Interchange Income and Card Fees$991.0K426%up 14% from 2024
  3. Deposit Account$890.0K423%up 5% from 2024
  4. Service charges on deposit accounts$890.0K423%up 5% from 2024
  5. Other Noninterest Income$104.0K43%down 31% from 2024
Products and services by year
Products and services20242025
Debit Card$868.0K$991.0K
Interchange Income and Card Fees$868.0K$991.0K
Deposit Account$846.0K$890.0K
Service charges on deposit accounts$846.0K$890.0K
Other Noninterest Income$151.0K$104.0K

Where the money goes

Where each dollar of revenue went, fiscal 2025

  • Income tax20¢$6.2M
  • Profit80¢$24.9M

Out of $2.0M in revenue.4

Where each dollar of operating cash went, fiscal 2025

  • Capital spending3¢$1.8M
  • Share buybacks0¢$69.0K
  • Kept or used elsewhere97¢$61.2M

Out of $63.1M of cash from operations.4

Financial statements

Revenue4$2.0M in 2025+6% since 2024
0$500.0K$1.0M$1.5M$2.0M2024: $1.9M$1.9M20242025: $2.0M$2.0M2025+6%
Net income4$24.9M in 2025+14% since 2024
0$10.0M$20.0M$30.0M2024: $21.9M$21.9M20242025: $24.9M$24.9M2025+14%

Every line of the income statement as filed: the last 2 fiscal years, latest first.4

Period ending2025-12-312024-12-31
Loans held for investment$95.5M$93.0M
Loans held for sale$13.3M$10.3M
Taxable$14.7M$15.2M
Non-taxable$428.0K$395.0K
Non-marketable equity securities$448.0K$434.0K
Federal funds sold$2.9M$3.8M
Other earning assets from banks$484.0K$534.0K
Total income$127.7M$123.6M
Interest-bearing deposits$52.3M$53.4M
Other borrowings$1.5M$4.9M
Total expenses$53.8M$58.3M
Net interest income$73.9M$65.3M
Provision for credit losses$3.2M$553.0K
Net interest income after provision for credit losses$70.7M$64.8M
Bank-owned life insurance$1.8M$1.7M
Income from mortgage originations$1.2M$1.2M
Gain on sale of government guaranteed loans$1.6M$1.8M
Noninterest income$2.0M$1.9M
Losses on sale of available-for-sale securities-$10.0K-$3.5M
Other noninterest income$1.7M$1.6M
Total noninterest income$8.1M$4.5M
Salaries and employee benefits$28.3M$26.2M
Occupancy and equipment$3.3M$3.0M
Other professional fees$2.6M$2.0M
Software and other technology expense$3.0M$2.7M
Data processing$2.6M$2.2M
Regulatory assessment$1.5M$1.3M
Other noninterest expense$6.3M$4.6M
Total noninterest expense$47.6M$42.1M
Income before taxes$31.1M$27.2M
Income tax provision$6.2M$5.3M
Net income$24.9M$21.9M
Basic$2.24$2.15
Diluted$2.16$2.09

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Corporate structure

CoastalSouth Bancshares, Inc. sits at the top of its group. 2 entities, 1 country on record. Switch between the flow chart and the network, and select any entity to see its details.

Major holders of CoastalSouth Bancshares, Inc.

  • Patriot Financial Partners II, L.P. Filed SCHEDULE 13G/A on CoastalSouth Bancshares, Inc., latest Aug 18, 2026 (3 filings since Sep 17, 2025)
  • Fourthstone LLC Filed SCHEDULE 13G/A on CoastalSouth Bancshares, Inc., latest Aug 14, 2026 (3 filings since Feb 13, 2026)
  • EJF Capital LP Filed SCHEDULE 13G/A on CoastalSouth Bancshares, Inc., latest May 28, 2026 (2 filings since Nov 13, 2025)
  • CoastalSouth Bancshares, Inc. Atlanta, Georgia
    • State of Subsidiary · South Carolina, United States

Built from subsidiaries listed in Exhibit 21 of annual reports filed with the SEC; major holders from Schedules 13D and 13G. Each entity in the chart links to its source.

What it owns

What CoastalSouth Bancshares, Inc. reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Property and equipment

ItemLatestA year beforeChange
Property and equipment, before depreciation$29.0M4 Dec 31, 2025$27.3M4 Dec 31, 2024+6.3%
Accumulated depreciation$10.9M4 Dec 31, 2025$9.5M4 Dec 31, 2024+14.6%
Property and equipment, net$18.1M4 Dec 31, 2025$17.8M4 Dec 31, 2024+1.8%
Operating-lease assets (leased space)$3.9M4 Dec 31, 2025$4.0M4 Dec 31, 2024−3.7%

Investments

ItemLatestA year beforeChange
Debt securities available for sale$330.5M4 Dec 31, 2025$335.3M4 Dec 31, 2024−1.4%
Equity securities at fair value$04 Dec 31, 2025$04 Dec 31, 2024
Loans, net of allowance$1.6B4 Dec 31, 2025$1.4B4 Dec 31, 2024+14.8%
Deposits held (banks)$2.0B4 Dec 31, 2025$1.8B4 Dec 31, 2024+8.3%

Intangibles and goodwill

ItemLatestA year beforeChange
Goodwill$4.7M4 Dec 31, 2025$4.7M4 Dec 31, 20240%
Intangible assets, net (excluding goodwill)$1.6M4 Dec 31, 2025$1.7M4 Dec 31, 2024−7.4%
Finite-lived intangibles, gross$5.7M4 Dec 31, 2025$5.3M4 Dec 31, 2024+7.8%
Accumulated amortization$4.2M4 Dec 31, 2025$3.6M4 Dec 31, 2024+14.8%
Finite-lived intangibles, net$1.6M4 Dec 31, 2025$1.7M4 Dec 31, 2024−7.4%

Properties, in its own words

The Company’s corporate headquarters is located at 400 Galleria Parkway, Suite 1900, Atlanta, Georgia 30339. The Bank’s main office is located at 5 Bow Circle, Hilton Head Island, South Carolina 29928. The Company leases its corporate headquarters and owns the Bank's main office. The Company operates 11 full service branches. The Company owns six of these branches; two located in Hilton Head Island, South Carolina, one in Bluffton, South Carolina, one in Savannah, Georgia,

one in Cumming, Georgia, and one in Dawsonville, Georgia. The remaining five branches are leased, located in South Carolina and Georgia. In addition, the Company has three leased operations offices located in Durham, North Carolina, Jacksonville, Florida, and Charleston, South Carolina. We believe that our banking offices are in good condition and are suitable and adequate to our needs.

Item 2 of the 10-K filed Mar 12, 2026.7

Leadership

Who has led CoastalSouth Bancshares, Inc., and when. Pick a name to see everywhere that person has worked.

Chief executive

  1. Stephen R. Stone2025–now

President

  1. Stephen R. Stone2025–now

Chief financial officer

  1. Anthony P. Valduga2025–now

Chief operating officer

  1. Anthony P. Valduga2025–now
Board members and other officers (10)

Named in SEC Form D filings

People the company listed in its private-offering notices.

  • Executive OfficerBrad Scott Turner named Apr 14, 2023 to Feb 7, 202419
  • DirectorJames N. Richardson, Jr. named Apr 14, 2023 to Feb 7, 202419
  • DirectorJoseph V. Topper, Jr. named Apr 14, 2023 to Feb 7, 202419
  • DirectorPatrick M. Frawley named Apr 14, 2023 to Feb 7, 202419
  • DirectorPing Scott Lee, PhD named Apr 14, 2023 to Feb 7, 202419

Subsidiaries and ownership

Subsidiaries (Exhibit 21)

  • State of South Carolina3

The subsidiaries the company lists in Exhibit 21 of its annual report, as filed.

Former names

  • Coastal South Bancshares IncJul 9, 2004 to Jul 9, 20042

Timeline

  1. Jul 24, 20268-K Bylaws or fiscal year changed20
  2. Jul 20, 20268-K Results of operations; Regulation FD disclosure21
  3. May 1, 20268-K Other events22
  4. Apr 24, 20268-K Shareholder vote23
  5. Apr 20, 20268-K Results of operations; Regulation FD disclosure24
  6. Mar 4, 20268-K Executive or director change25
  7. Jan 20, 20268-K Results of operations; Regulation FD disclosure26
  8. Nov 19, 20258-K Executive or director change27
  9. Oct 21, 20258-K Results of operations28
  10. Sep 16, 20258-K Other events29
  11. Jul 28, 20258-K Results of operations30
  12. Jul 1, 2025New chief executive Stephen R. Stone becomes CEO8

Calendar

When it reported results

  1. Jul 20, 2026Reported quarterly or annual results21
  2. Apr 20, 2026Reported quarterly or annual results24
  3. Jan 20, 2026Reported quarterly or annual results26
  4. Oct 21, 2025Reported quarterly or annual results28
  5. Jul 28, 2025Reported quarterly or annual results30

Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar

Filings

103 filings to the SEC since October 2021: 1 annual reports, 4 quarterly reports, 11 major events, 52 insider forms, 8 large holders, 2 private raises, 25 other. The latest 20:

  1. Sep 14, 20264 EDGAR
  2. Aug 31, 2026144 EDGAR
  3. Aug 31, 20264 EDGAR
  4. Aug 26, 2026144 EDGAR
  5. Aug 26, 20264 EDGAR
  6. Aug 25, 2026144 EDGAR
  7. Aug 24, 2026144 EDGAR
  8. Aug 18, 20264 EDGAR
  9. Aug 18, 2026SCHEDULE 13G/A EDGAR
  10. Aug 14, 2026SCHEDULE 13G/A EDGAR
  11. Aug 13, 20264 EDGAR
  12. Aug 7, 202610-Q EDGAR
  13. Jul 24, 20268-K EDGAR
  14. Jul 20, 20268-K EDGAR
  15. May 28, 2026SCHEDULE 13G/A EDGAR
  16. May 15, 2026SCHEDULE 13G/A EDGAR
  17. May 8, 202610-Q EDGAR
  18. May 6, 20264 EDGAR
  19. May 6, 2026SCHEDULE 13G/A EDGAR
  20. May 1, 20268-K EDGAR

The 103 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Insider trades

21 open-market trades by officers, directors and large owners since October 2021: 16 buys and 5 sales. Grants, option exercises and gifts are left out.

DateWhoTradeSharesPriceValueFiling
Aug 31, 2026Bruderer Ernst W.DirectorSale2,000$27.43$54.9KForm 4
Aug 26, 2026Bruderer Ernst W.DirectorSale2,000$27.50$55.0KForm 4
Aug 18, 2026Bruderer Ernst W.DirectorSale1,000$27.89$27.9KForm 4
Aug 12, 2026Bruderer Ernst W.DirectorSale1,000$27.56$27.6KForm 4
Aug 7, 2026MACLEOD JAMES SDirectorBuy238$28.15$6.7KForm 4
Aug 6, 2026MACLEOD JAMES SDirectorBuy96$27.61$2.7KForm 4
May 6, 2026Valduga Anthony P.CFO AND COOSale4,558$25.84$117.8KForm 4
Mar 9, 2026Stone Stephen R.PRESIDENT AND CEOBuy200$24.15$4.8KForm 4
Feb 10, 2026HIGH MICHAEL BDirectorBuy1,500$25.14$37.7KForm 4
Jul 2, 2025MACLEOD JAMES SDirectorBuy10,000$21.50$215.0KForm 4
Jul 2, 2025Hemby Lauren M.CHIEF ACCOUNTING OFFICERBuy4,500$21.50$96.8KForm 4
Jul 2, 2025Stone Stephen R.PRESIDENT AND CEOBuy2,200$21.50$47.3KForm 4
Jul 2, 2025Valduga Anthony P.CFO AND COOBuy1,500$21.50$32.2KForm 4
Jul 2, 2025Bruderer Ernst W.DirectorBuy2,000$21.50$43.0KForm 4
Jul 2, 2025Gutin BorisDirectorBuy11,000$21.50$236.5KForm 4
Jul 2, 2025FRAWLEY PATRICK MDirectorBuy4,650$21.50$100.0KForm 4
Jul 2, 2025Topper Joseph V. Jr.DirectorBuy100,000$21.50$2.1MForm 4
Jul 2, 2025Turner Cameron BradleyCHIEF CREDIT OFFICERBuy1,000$21.50$21.5KForm 4
Jul 2, 2025Richardson James N. Jr.DirectorBuy20,000$21.50$430.0KForm 4
Jul 2, 2025Askins L. ScottDirectorBuy2,325$21.50$50.0KForm 4

All 21 trades can be filtered by person here when JavaScript is on.

From Forms 4 filed with the SEC.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

Executive pay

What the company paid its top executives, from the summary compensation table in its proxy statement. Total pay includes salary, bonus, stock and option awards and other pay, as the company valued them.

YearExecutiveAgeSalaryTotal pay
2025President & Chief Executive Officer$617.3K$1.4M34
2025Chief Financial Officer & Chief Operating Officer$380.9K$806.1K34
2025Executive VicePresident & Chief Accounting Officer$241.4K$412.4K34
2024President & Chief Executive Officer$576.1K$1.6M34
2024Chief Financial Officer & Chief Operating Officer$370.4K$900.2K34

Funding

Where the company's money came from, by calendar year: private offerings filed with the SEC, federal grants, loans, contracts and other assistance from USAspending.gov, and PPP loans from the SBA. Each bar links to the records below.

Money received by year$21.1M 2023–2024
Money received by yearMoney received by year, 2023–2024: $21.1M in all. Private raises (Form D) $21.1M.$0$5M$10M$15M2023 · Private raises (Form D): $8.9M20232024 · Private raises (Form D): $12.3M2024
Figures by year
YearPrivate raises (Form D)Total
2024$12.3M$12.3M
2023$8.9M$8.9M

Private raises

Private offerings the company reported to the SEC on Form D. The amount is what the latest filing says was sold so far, charted in the year of the first sale. Covers filings since Oct 1, 2021.

  1. Jan 26, 2024Raised $12.3 million in a private offering of equity19 Form D: 33 investors so far Form D
  2. Mar 31, 2023Raised $8.9 million in a private offering of equity35 Form D: 22 investors so far Form D

Held by these funds

The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026, the top 25 of 100. Change is in shares since the quarter before.

FundSharesValueShare of the fundChange
Patriot Financial Partners GP II, L.P.691,367$18.6M4.7%−467,844
BlackRock, Inc.584,198$15.7M0.0%+92,165
Two Sigma Investments, LP408,489$11.0M0.0%+308,434
Vanguard Capital Management LLC395,093$10.6M0.0%−11,334
North Reef Capital Management LP370,982$10.0M0.4%+50,000
Berkeley Capital Partners, LLC356,390$9.6M2.0%−4,172
Alliancebernstein L.P.347,546$8.5M0.0%−50,027
Mendon Capital Advisors Corp267,232$7.2M2.5%−62,511
Curi Capital, LLC250,001$6.7M0.1%−52,950
Fourthstone LLC225,211$6.1M4.3%−875,293
Raffles Associates LP224,276$6.0M2.6%+102,995
Geode Capital Management, LLC196,340$5.3M0.0%+5,090
EJF Capital LP192,676$5.2M3.5%No change
State Street Corp188,361$5.1M0.0%+61,921
Qube Research & Technologies Ltd127,213$3.4M0.0%New
Morgan Stanley108,931$2.9M0.0%+80,983
KLCM Advisors, Inc.107,617$2.9M0.2%No change
Goldman Sachs Group Inc91,528$2.5M0.0%−166,611
Bleakley Financial Group, LLC90,307$2.4M0.0%+2,171
Citadel Advisors LLC88,947$2.4M0.0%New
Banc Funds Co LLC85,715$2.3M0.4%No change
First Manhattan Co. Llc.77,638$2.1M0.0%No change
Elizabeth Park Capital Advisors, Ltd.75,740$2.0M1.4%No change
Aqr Capital Management LLC70,177$1.9M0.0%+25,210
Northern Trust Corp65,971$1.8M0.0%+1,532

13F reports cover disclosed long positions in U.S. stocks only.

SEC filer profile

How CoastalSouth Bancshares, Inc. is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARCoastalSouth Bancshares, Inc.1
  • CIK0001297107
  • Employer ID (EIN)57-11847307
  • Filer statusNon-accelerated filer an emerging growth company; a smaller reporting company; not a shell company7
  • Incorporated inGeorgia7
  • Fiscal year endsDecember 311
  • Industry code (SIC)6022 State Commercial Banks1
  • SEC reviewing officeOffice of Finance, Division of Corporation Finance1
  • Business address400 Galleria Pkwy, Suite 1900, Atlanta, GA 303391
  • Phone678-396-46051
  • Shares outstanding11,954,446 as of Aug 5, 20266
  • Public float$0 as of Jul 2, 20254
  • AuditorElliott Davis, LLC, Greenville, South Carolina PCAOB ID 149; no auditor attestation of internal control over financial reporting7
  • On EDGAR sinceJul 9, 20041
  • Filings108 in all: 4 (37), 3 (15), 8-K (11), D (6), SCHEDULE 13G/A (5), 10-Q (4), 144 (4), CORRESP (3)1
    All 26 form types

    SCHEDULE 13G (3), DRSLTR (2), S-8 (2), UPLOAD (2), 10-K (1), 424B4 (1), 8-A12B (1), ARS (1), CERT (1), DEF 14A (1), DEFA14A (1), DRS (1), DRS/A (1), EFFECT (1), FWP (1), REGDEX (1), S-1 (1), S-1/A (1)

  • Latest filingsAnnual report (10-K) Mar 12, 2026
    Quarterly report (10-Q) Aug 7, 2026
    Proxy statement (DEF 14A) Mar 13, 2026
    Latest 8-K (8-K) Jul 24, 2026

Securities registered for trading

ClassSymbolExchange
Common Stock, par value $1.00 per shareCOSONew York Stock Exchange

From the cover page of the 10-K filed Mar 12, 2026 (Section 12(b) of the Exchange Act).7

Risk factors and legal proceedings

The risks CoastalSouth Bancshares, Inc. names in Item 1A of its 10-K filed Mar 12, 2026: 46 risks under these headings, as written.7

  • In addition, certain statements in the following risk factors constitute forward-looking statements. Please refer to the section entitled “Cautionary Note Regarding Forward-Looking Statements” beginning on page 1 of this Annual Report.
  • RISKS RELATED TO ECONOMIC CONDITIONS
  • Changes and instability in economic conditions, geopolitical matters and financial markets, including a contraction of economic activity, could adversely impact our business, results of operations and financial condition.
  • Recessionary conditions and economic factors could result in heightened credit risk and increases in our level of nonperforming loans which could adversely impact our results of operations and financial condition.
  • CREDIT RISK
  • We are exposed to higher credit and concentration risk from our commercial real estate, commercial and industrial and commercial construction lending.
  • Regulatory requirements affecting our loans secured by commercial real estate could limit our ability to leverage our capital and adversely affect our growth and profitability.
  • Our decisions regarding credit risk could be inaccurate and our allowance for credit losses may be inadequate, which could have a material adverse effect on our business, financial condition, results of operations and future prospects.
  • Our largest loan relationships currently make up a significant percentage of our total loans held-for-investment portfolio.
  • We may have more credit risk and higher credit losses to the extent loans are concentrated by location or industry of the borrowers or collateral.
  • We are subject to environmental liability risk associated with our lending activities.
  • LIQUIDITY AND FUNDING RISKS
The other 37 risks
  • Liquidity is essential to our business model and a lack of liquidity, or an increase in the cost of liquidity, could materially impair our ability to fund our operations and jeopardize our results of operation, financial condition and cash flows.
  • The proportion of our deposit account balances that exceed FDIC insurance limits may expose us to enhanced liquidity risk in times of financial distress.
  • INTEREST RATE RISKS
  • We are subject to interest rate risk, which could adversely affect our profitability.
  • A flat or inverted yield curve may reduce our net interest margin and adversely affect our loan and investment portfolios.
  • OPERATIONAL RISKS
  • We could experience losses due to competition with other financial institutions and non-banks.
  • We may not be able to overcome the integration and other risks associated with any future acquisitions, which could have an adverse effect on our ability to implement our business strategy.
  • Failure to keep pace with technological change could adversely affect our business.
  • New lines of business or new products and services may subject us to additional risk.
  • Our residential mortgage warehouse lending program is subject to various risks that could adversely impact our results of operations and financial condition.
  • SBA lending and other government guaranteed lending is an important part of our business. These lending programs are dependent upon the federal government, and we face specific risks associated with originating SBA and other government guaranteed loans.
  • Fraud is a major, and increasing, operational risk for us and all banks.
  • Our internal controls may be ineffective.
  • We may not be able to attract and retain skilled people.
  • Loss of key employees may disrupt relationships with certain customers.
  • Our business continuity plans or data security systems could prove to be inadequate, resulting in Cyberattacks, other data or security breaches or a material interruption in, or disruption to, our business and a negative impact on our results of operations.
  • We are dependent upon outside third parties for the processing and handling of our records and data.
  • We may be adversely affected by the soundness of other financial institutions.
  • LEGAL AND REGULATORY RISKS
  • Our industry is highly regulated, and the regulatory framework, together with any future legislative or regulatory changes, may have a materially adverse effect on our operations.
  • Monetary policies and regulations of the Federal Reserve could have an adverse effect on our business, financial condition and results of operations.
  • Federal and state banking agencies periodically conduct examinations of our business, including for compliance with laws and regulations, and our failure to comply with any supervisory actions to which we are or become subject as a result of such examinations may adversely affect us.
  • We are subject to stringent capital requirements, which could have an adverse effect on our operations.
  • We are subject to numerous “fair and responsible banking” laws and other laws and regulations designed to protect consumers, and failure to comply with these laws could lead to a wide variety of sanctions.
  • We are subject to laws regarding the privacy, information security and protection of personal information and any violation of these laws or another incident involving personal, confidential, or proprietary information of individuals could damage our reputation and otherwise adversely affect our business.
  • We are a bank holding company and are dependent upon the Bank for cash flow, and the Bank’s ability to make cash distributions is restricted.
  • The Bank is our principal asset, and all of the Bank’s outstanding stock has been pledged to secure the Line of Credit to the Company from an unrelated lender.
  • The Federal Reserve may require us to commit capital resources to support the Bank.
  • We face a risk of noncompliance and enforcement action with the Bank Secrecy Act and other anti-money laundering statutes and regulations.
  • Our Bank’s FDIC deposit insurance premiums and assessments may increase.
  • RISKS RELATED TO OUR COMMON STOCK
  • The trading of our common stock may be characterized by low trading volume. The value of your common stock may be subject to sudden decreases due to the volatility of the price of our common stock.
  • The reduced disclosures and relief from certain other significant disclosure requirements that are available to emerging growth companies may make our common stock less attractive to investors.
  • Our dividend policy may change without notice and any payment of dividends in the future is subject to the discretion of our Board of Directors.
  • If equity research analysts do not publish research or reports about our business, or if they do publish such reports but issue unfavorable commentary or downgrade our common stock, the price and trading volume of our common stock could decline.
  • If a substantial number of shares become available for sale and are sold in a short period of time, the market price of our common stock could decline.
  • A future issuance of stock could dilute the value of our common stock.
  • Our common stock is subordinate to our existing and future indebtedness.
  • We may issue shares of preferred stock in the future which adversely affect holders of our common stock and depress the price of our common stock.
  • Our Articles of Incorporation and Bylaws, and certain banking laws applicable to us, could have an antitakeover effect that decreases our chances of being acquired, even if our acquisition is in our shareholders’ best interests.

Legal proceedings

We are subject to various legal actions that arise from time to time in the ordinary course of business. While the ultimate outcome of pending procedures cannot be predicted with certainty, at this time management does not expect that any such proceedings, either individually or in the aggregate, would have a material adverse effect on our consolidated financial position or results of operations. However, one or more unfavorable outcomes in any legal action against us could have a material adverse effect for the period in which they are resolved. In addition, regardless of their merits or their ultimate outcomes, such matters are costly, divert management’s attention and may materially adversely affect our reputation, even if resolved in our favor.

The opening of Item 3, Legal Proceedings.7

Sources

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