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Home BancShares

Logo: Home BancShares, Public domain, via Wikimedia Commons4

American bank holding company

Home BancShares, Inc., operating as Centennial Bank, is a bank holding company based in Conway, Arkansas. It is on the list of largest banks in the United States. The bank operates 222 branches in Arkansas, Alabama, Florida, Texas, and New York City.3 Its shares trade on NYSE under the symbol HOMB.1 Wikipedia text CC BY-SA 4.0

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Last updated Oct 21, 2026.

Overview

1999Founded1

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  • TickerHOMB on NYSE1
  • Industryfinancial services1
  • HeadquartersConway1
  • Websitewww.homebancshares.com
  • Listed onNew York Stock Exchange (HOMB), Nasdaq (HOMB)1
  • Incorporated inAR5
  • Business address719 Harkrider, Conway, Ar 720325
  • Filer categoryLarge accelerated filer5

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Home BancShares, Inc., operating as Centennial Bank, is a bank holding company based in Conway, Arkansas. It is on the list of largest banks in the United States. The bank operates 222 branches in Arkansas, Alabama, Florida, Texas, and New York City.3

Financials

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

What sells

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

Products and services

Financial Service, Other brought in 54% of the revenue Home BancShares broke down this way in fiscal 2025.

  1. Financial Service, Other$46.6M854%up 8% from 2024
  2. Deposit Account$40.2M846%up 2% from 2024
Products and services by year
Products and services202320242025
Financial Service, Other$44.2M$43.0M$46.6M
Deposit Account$39.2M$39.2M$40.2M

Financial statements

Net income8$475.4M in 2025+21% since 2023
0$200.0M$400.0M$600.0M2023: $392.9M$392.9M20232024: $402.2M$402.2M2024+2%2025: $475.4M$475.4M2025+18%

Every line of the income statement as filed: the last 3 fiscal years, latest first.8

Period ending2025-12-312024-12-312023-12-31
Loans$1.1B$1.1B$989.6M
Taxable$106.1M$125.8M$138.6M
Tax-exempt$30.9M$31.0M$31.6M
Deposits other banks$26.2M$42.8M$15.0M
Federal funds sold$205.0K$255.0K$221.0K
Total interest income$1.3B$1.3B$1.2B
Interest on deposits$347.0M$376.6M$296.0M
Federal funds purchased$0$1.0K$3.0K
FHLB and other borrowed funds$21.8M$52.5M$30.8M
Securities sold under agreements to repurchase$4.1M$5.4M$4.8M
Subordinated debentures$13.6M$16.5M$16.5M
Total interest expense$386.5M$451.0M$348.1M
Net interest income$892.4M$848.8M$826.9M
Provision for credit losses on loans$24.1M$48.4M$11.9M
Recovery of credit losses on unfunded commitments-$1.0M$0-$1.5M
(Recovery of ) provision for credit losses on investment securities-$2.2M-$330.0K$1.7M
Total credit loss expense$20.9M$48.1M$12.1M
Net interest income after provision for credit losses$871.5M$800.7M$814.8M
Trust fees$19.7M$18.7M$17.9M
Mortgage lending income$17.8M$15.8M$10.7M
Insurance commissions$2.2M$2.2M$2.1M
Increase in cash value of life insurance$6.1M$4.8M$4.7M
Dividends from FHLB, FRB, FNBB & other$10.7M$11.5M$11.6M
Gain on sale of SBA loans$642.0K$617.0K$278.0K
Gain on branches, equipment and other assets, net$754.0K$2.1M$1.5M
(Loss) gain on OREO, net-$161.0K-$2.3M$332.0K
Fair value adjustment for marketable securities$2.4M$3.0M-$1.1M
Other income$51.7M$30.0M$38.5M
Total non-interest income$198.5M$168.6M$169.9M
Salaries and employee benefits$252.9M$241.0M$257.0M
Occupancy and equipment$57.7M$58.0M$60.3M
Data processing expense$34.4M$36.5M$36.3M
Merger and acquisition expenses$580.0K$0$0
Other operating expenses$112.6M$111.4M$119.3M
Total non-interest expense$458.2M$446.9M$472.9M
Income before income taxes$611.8M$522.3M$511.9M
Income tax expense$136.4M$120.1M$119.0M
Net income$475.4M$402.2M$392.9M
Basic earnings per common share (in dollars per share)$2.41$2.01$1.94
Diluted earnings per common share (in dollars per share)$2.41$2.01$1.94

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Corporate structure

Home BancShares sits at the top of its group. 16 entities, 1 country on record. Switch between the flow chart and the network, and select any entity to see its details.

Major holders of Home BancShares

  • Home BancShares Conway
    • 1908 Properties, LLC Subsidiary · Texas, United States
    • Boomer Air, LLC Subsidiary · Arkansas, United States
    • CB 1733 Ocean Avenue, LLC Subsidiary · California, United States
    • Centennial AAC NMTC Fund, LLC Subsidiary · Arkansas, United States
    • Centennial AL Holdings, Inc. Subsidiary · Alabama, United States
    • Centennial Bank Subsidiary · Arkansas, United States
    • Centennial Capital, Inc. Subsidiary · New York, United States
    • Centennial Insurance Agency, Inc. d/b/a Insurance Mart, Inc. Subsidiary · Arkansas, United States
    • Centennial NY Holdings, Inc. Subsidiary · New York, United States
    • Centennial REIT, Inc. Subsidiary · New York, United States
    • Cook Insurance Agency, Inc. Subsidiary · Florida, United States
    • Diamond ORE Properties, Inc. Subsidiary · Florida, United States
    • GoldStar Trust Company Subsidiary · Arkansas, United States
    • HBI Insurance, Inc. Subsidiary · Arkansas, United States
    • SAPH, LLC Subsidiary · Texas, 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 Home BancShares 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, net$369.3M8 Dec 31, 2025$386.3M8 Dec 31, 2024−4.4%
Operating-lease assets (leased space)$33.9M8 Dec 31, 2025$42.3M8 Dec 31, 2024−19.9%

Investments

ItemLatestA year beforeChange
Cash and cash equivalents$667.3M8 Dec 31, 2025$910.3M8 Dec 31, 2024−26.7%
Loans, net of allowance$15.4B8 Dec 31, 2025$14.5B8 Dec 31, 2024+6.2%
Deposits held (banks)$17.5B8 Dec 31, 2025$17.1B8 Dec 31, 2024+1.9%

Intangibles and goodwill

ItemLatestA year beforeChange
Goodwill$1.4B8 Dec 31, 2025$1.4B8 Dec 31, 20240%
Finite-lived intangibles, gross$128.9M8 Dec 31, 2025$128.9M8 Dec 31, 20240%
Accumulated amortization$96.6M8 Dec 31, 2025$88.6M8 Dec 31, 2024+9.1%
Finite-lived intangibles, net$32.3M8 Dec 31, 2025$40.3M8 Dec 31, 2024−19.9%

Properties, in its own words

The Company’s main office is located in a Company-owned 33,000 square foot building located at 719 Harkrider Street in downtown Conway, Arkansas. As of December 31, 2025, our bank subsidiary owned or leased a total of 75 branches in Arkansas, 78 branches in Florida, 59 branches in Texas, five branches in Alabama and one branch in New York City. The Company also owns or leases other buildings that provide space for operations, mortgage lending and other general purposes. We believe that our banking and other offices are in good condition and are suitable to our needs.

Item 2 of the 10-K filed Feb 27, 2026.16

The story

The bank was founded in 1999 as First State Bank by John W. Allison and Robert H. “Bunny” Adcock, Jr.

Acquisitions

2003: Community Bank, Cabot, Arkansas

2005: Bank of Mountain View, Mountain View, Arkansas

2005: Twin City Bank, North Little Rock, Arkansas

2005: Marine Bank, Marathon Key, Florida

2008: Centennial Bank, Little Rock, Arkansas

2010: Old Southern Bank, Orlando, Florida

2010: Key West Bank, Key West, Florida

Read the full text

2010: Coastal Community Bank, Panama City, Florida

2010: Bayside Savings Bank, Port St Joe, Florida

2010: Wakulla Bank, Crawfordville, Florida

2010: Gulf State Community Bank, Carrabelle, Florida

2012: Vision Bank, Panama City, Florida

2012: Heritage Bank of Florida, Lutz, Florida

2012: Premier Bank, Tallahassee, Florida

2013: Liberty Bankshares/Liberty Bank, Jonesboro, Arkansas

2014: Florida Traditions Bank, Dade City, Florida

2014: Broward Financial Holdings/Broward Bank of Commerce, Ft Lauderdale, Florida

2015: Doral Bank, Florida; Pandhandle branches

2015: Florida Business BancGroup/Bay Cities Bank, Tampa, Florida

2017: Stonegate Bank, Pompano Beach, Florida 33062

2021: Happy State Bank

2025: Mountain Commerce Bank

From Wikipedia’s article on Home BancShares, shared under CC BY-SA 4.0.6

Leadership

Who has led Home BancShares, and when. Pick a name to see everywhere that person has worked.

Chief executive

  1. Hunter Padgett2006–2009
  2. Tracy French2006–2024
  3. Randall Sims2006–2019
  4. Ron Sims2006
  5. Michael L. Waddington2006–2009
  6. John W. Allison2007–2024
  7. John Stephen Tipton2024–now

Chair

  1. John W. Allison2007–2024
  2. Tracy French2024–2025

President

  1. Hunter Padgett2006–2009
  2. Tracy French2006–2024
  3. Randall Sims2006–2019
  4. Ron Strother2006–2010
  5. Michael L. Waddington2010
  6. Kevin Hester2024–now

Chief financial officer

  1. Randy Mayor2006–2015

Chief operating officer

  1. Ron Strother2006–2010
  2. John Stephen Tipton2015–2024
200020052010201520202025
Board members and other officers (32)

Subsidiaries and ownership

Subsidiaries (Exhibit 21)

  • 1908 Properties, LLC Texas7
  • Boomer Air, LLC Arkansas7
  • CB 1733 Ocean Avenue, LLC California7
  • Centennial AAC NMTC Fund, LLC Arkansas7
  • Centennial AL Holdings, Inc. Alabama7
  • Centennial Bank Arkansas7
  • Centennial Capital, Inc. New York7
  • Centennial Insurance Agency, Inc. d/b/a Insurance Mart, Inc. Arkansas7
  • Centennial NY Holdings, Inc. New York7
  • Centennial REIT, Inc. New York7
  • Cook Insurance Agency, Inc. Florida7
  • Diamond ORE Properties, Inc. Florida7
  • GoldStar Trust Company Arkansas7
  • HBI Insurance, Inc. Arkansas7
  • SAPH, LLC Texas7

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

Timeline

  1. Oct 14, 20268-K Results of operations; Regulation FD disclosure58
  2. Jul 15, 20268-K Results of operations; Regulation FD disclosure59
  3. Apr 17, 20268-K Shareholder vote60
  4. Apr 15, 20268-K Results of operations; Regulation FD disclosure61
  5. Apr 1, 20268-K Regulation FD disclosure; Other events62
  6. Mar 24, 20268-K Other events63
  7. Mar 2, 20268-K Other events64
  8. Jan 20, 20268-K Executive or director change65
  9. Jan 14, 20268-K Results of operations; Regulation FD disclosure66
  10. Dec 8, 20258-K Entered a material agreement; Regulation FD disclosure67
  11. Oct 15, 20258-K Results of operations; Regulation FD disclosure68
  12. Jul 16, 20258-K Results of operations; Regulation FD disclosure69
  13. May 15, 2024New chief executive John Stephen Tipton becomes CEO17
  14. Jan 23, 2007New chief executive John W. Allison becomes CEO18
  15. Aug 3, 2006New chief executive Michael L. Waddington becomes CEO23
  16. Jun 23, 2006Went public Listed on NASDAQ1
  17. Jun 7, 2006New chief executive Ron Sims becomes CEO22
  18. Jun 7, 2006New chief executive Randall Sims becomes CEO21
  19. Jun 6, 2006New chief executive Tracy French becomes CEO20
  20. Jun 6, 2006New chief executive Hunter Padgett becomes CEO19
  21. 1999Founded Founded1

Calendar

Coming up

  1. Around Jan 13, 2027Next results, estimated About a quarter after its last report. The company hasn't announced the date.

When it reported results

  1. Oct 14, 2026Reported quarterly or annual results58
  2. Jul 15, 2026Reported quarterly or annual results59
  3. Apr 15, 2026Reported quarterly or annual results61
  4. Jan 14, 2026Reported quarterly or annual results66
  5. Oct 15, 2025Reported quarterly or annual results68
  6. Jul 16, 2025Reported quarterly or annual results69
  7. Apr 16, 2025Reported quarterly or annual results70
  8. Jan 15, 2025Reported quarterly or annual results71

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

Filings

377 filings to the SEC since October 2021: 5 annual reports, 17 quarterly reports, 49 major events, 205 insider forms, 13 large holders, 88 other. The latest 20:

  1. Oct 14, 20268-K EDGAR
  2. Aug 17, 20264 EDGAR
  3. Aug 12, 20264 EDGAR
  4. Aug 10, 2026144 EDGAR
  5. Aug 7, 202610-Q EDGAR
  6. Aug 5, 20264 EDGAR
  7. Aug 4, 2026144 EDGAR
  8. Jul 31, 2026SCHEDULE 13G EDGAR
  9. Jul 15, 20268-K EDGAR
  10. Jun 17, 202611-K EDGAR
  11. Jun 4, 20264 EDGAR
  12. Jun 2, 20264 EDGAR
  13. Jun 2, 2026144 EDGAR
  14. May 20, 20264 EDGAR
  15. May 8, 202613F-NT EDGAR
  16. May 5, 202610-Q EDGAR
  17. Apr 29, 2026SCHEDULE 13G EDGAR
  18. Apr 22, 20264 EDGAR
  19. Apr 22, 20264 EDGAR
  20. Apr 21, 2026144 EDGAR

The 377 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

65 open-market trades by officers, directors and large owners since October 2021: 16 buys and 49 sales. Grants, option exercises and gifts are left out.

DateWhoTradeSharesPriceValueFiling
Aug 11, 2026Rankin JimDirectorSale15,000$30.86$462.9KForm 4
Aug 4, 2026TIPTON JOHN STEPHENCentennial Bank CEOSale12,000$31.59$379.1KForm 4
Jun 1, 2026Allison John W IIDirectorSale2,000$26.38$52.8KForm 4
Apr 21, 2026FLOYD JENNIFER C.Chief Accounting OfficerSale3,000$27.12$81.4KForm 4
Apr 17, 2026ALLISON JOHN WChairman & CEOBuy100,000$26.96$2.7MForm 4
Feb 23, 2026Allison John W IIDirectorSale5,000$28.19$140.9KForm 4
Feb 11, 2026Hinkle James GDirectorSale30,000$30.27$908.1KForm 4
Jan 28, 2026Townsell DonnaDirector of Investor RelationsSale5,563$28.38$157.9KForm 4
Aug 26, 2025ALLISON JOHN WChairman & CEOSale110,000$30.02$3.3MForm 4
Jun 20, 2025TIPTON JOHN STEPHENCentennial Bank CEOSale24,159$27.52$664.9KForm 4
May 9, 2025Hester KevinPresident and CLOSale6,345$29.71$188.5KForm 4
May 8, 2025Hester KevinPresident and CLOSale7,128$28.67$204.4KForm 4
Apr 23, 2025FLOYD JENNIFER C.Chief Accounting OfficerSale2,500$27.45$68.6KForm 4
Jan 21, 2025ALLISON JOHN WChairman & CEOBuy10,000$30.76$307.6KForm 4
Nov 25, 2024LIEBLONG ALEX RDirectorSale55,000$32.75$1.8MForm 4
Nov 18, 2024Hickman James PatDirectorSale99,997$30.79$3.1MForm 4
Nov 7, 2024FLOYD JENNIFER C.Chief Accounting OfficerSale2,000$30.18$60.4KForm 4
Nov 6, 2024Engelkes JackDirectorSale25,000$30.12$753.0KForm 4
Jul 19, 2024Davis BrianChief Financial OfficerSale15,391$26.89$413.9KForm 4
Jul 19, 2024Hester KevinPresident and CLOSale25,263$27.00$682.1KForm 4

All 65 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
2025John W. AllisonChairman of the Board and CEO79$799.0K$7.2M77
2025J. Stephen TiptonChief Operating Officer and CEO of Centennial Bank44$599.5K$1.1M77
2025Kevin D. HesterPresident & Chief Lending Officer62$574.6K$1.0M77
2025Donna J. TownsellSenior Executive Vice President and Director of Investor Relations55$399.1K$775.9K77
2025Brian S. DavisChief Financial Officer and Treasurer60$399.9K$754.1K77
2024John W. AllisonChairman of the Board and CEO79$745.5K$6.2M77
2024J. Stephen TiptonChief Operating Officer and CEO of Centennial Bank44$522.2K$3.4M77
2024Kevin D. HesterPresident & Chief Lending Officer62$501.3K$3.4M77
2024Brian S. DavisChief Financial Officer and Treasurer60$375.6K$694.5K77
2023John W. AllisonChairman of the Board and CEO79$707.4K$5.8M77
2023J. Stephen TiptonChief Operating Officer and CEO of Centennial Bank44$450.3K$771.2K77
2023Kevin D. HesterPresident & Chief Lending Officer62$431.2K$715.1K77
2023Brian S. DavisChief Financial Officer and Treasurer60$368.2K$677.5K77

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
BlackRock, Inc.25,766,839$735.6M0.0%+1,894,028
Vanguard Portfolio Management LLC11,906,969$339.9M0.0%+963,346
State Street Corp10,016,469$286.0M0.0%+902,674
Vanguard Capital Management LLC8,646,530$246.9M0.0%+335,124
Dimensional Fund Advisors LP7,216,830$206.0M0.0%+496,339
Capital Research Global Investors5,136,606$146.7M0.0%−551,916
Geode Capital Management, LLC5,069,961$144.8M0.0%+308,359
Aqr Capital Management LLC4,820,427$137.6M0.0%+3,198,474
American Century Companies Inc4,451,894$127.1M0.1%−207,940
First Trust Advisors LP3,757,951$107.3M0.1%+286,344
Northern Trust Corp2,574,125$73.5M0.0%+186,995
Barr E S & Co2,458,588$70.2M3.9%+12,101
Copeland Capital Management, LLC2,445,709$69.8M1.4%−116,058
Nuveen, LLC2,310,449$66.0M0.0%−201,443
Charles Schwab Investment Management Inc2,263,704$64.6M0.0%+50,934
Azora Capital LP2,172,583$62.0M2.6%+1,143,241
Norges Bank2,057,956$58.8M0.0%New
Fisher Asset Management, LLC1,722,124$49.2M0.0%−93,485
Bank of New York Mellon Corp1,543,548$44.1M0.0%−42,419
UBS Group AG1,474,456$42.1M0.0%+46,156
Boston Partners1,398,058$40.0M0.0%+64,372
Goldman Sachs Group Inc1,343,523$38.4M0.0%−380,047
Loomis Sayles & Co L P1,276,549$36.4M0.0%−45,297
Vanguard Fiduciary Trust Co1,251,887$35.7M0.0%+62,607
ProShare Advisors LLC1,248,904$35.7M0.1%+347,233

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

Members of Congress who traded it

7 trades disclosed by members of Congress. “Vs S&P since” is the stock’s change since the trade minus the S&P 500’s.

DateMemberTradeAmountVs S&P sinceFiling
Oct 31, 2025Lisa C. McClainRepublican, HouseSale$1,001 - $15,000+5.1%Report
Oct 30, 2025Lisa C. McClainRepublican, HouseBuy$1,001 - $15,000−5.5%Report
Oct 30, 2025Lisa C. McClainRepublican, HouseSale$1,001 - $15,000+5.5%Report
Jun 17, 2025Lisa C. McClainRepublican, HouseBuy$1,001 - $15,000−24.0%Report
May 12, 2025Jefferson ShreveRepublican, HouseSale$15,001 - $50,000+34.8%Report
Apr 7, 2025Jefferson ShreveRepublican, HouseBuy$15,001 - $50,000−38.1%Report
Mar 5, 2025Jefferson ShreveRepublican, HousePartial sale$15,001 - $50,000+32.6%Report

Members report amounts as ranges, not exact figures. Returns are price-only (no dividends).

SEC filer profile

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

  • Name on EDGARHOME BANCSHARES INC2
  • CIK0001331520
  • Employer ID (EIN)71-068283116
  • Filer statusLarge accelerated filer not an emerging growth company; not a smaller reporting company; not a shell company16
  • Incorporated inArkansas16
  • Fiscal year endsDecember 312
  • Industry code (SIC)6022 State Commercial Banks2
  • SEC reviewing officeOffice of Finance, Division of Corporation Finance2
  • Business address719 Harkrider, Conway, AR 720322
  • Phone501-339-29292
  • Shares outstanding200,049,630 as of Aug 6, 202610
  • Public float$5.3B as of Jun 30, 202516
  • AuditorForvis Mazars, LLP, Little Rock, Arkansas PCAOB ID 686; it also attests to the company’s internal control over financial reporting16
  • On EDGAR sinceJun 24, 20052
  • Filings1,624 in all: 4 (750), 8-K (221), 5 (128), 10-Q (61), SC 13G/A (55), 4/A (47), 3 (38), UPLOAD (29)2
    All 54 form types

    425 (28), CORRESP (26), 144 (24), 8-K/A (24), DEF 14A (21), 10-K (20), 11-K (19), EFFECT (13), 424B3 (10), 3/A (8), S-4 (8), S-8 (8), PRE 14A (7), S-4/A (7), 424B5 (6), SC 13G (6), 10-12G/A (4), 10-Q/A (4), 13F-NT (4), ARS (4), DEFA14A (4), S-1/A (4), S-3 (4), FWP (3), S-3ASR (3), 144/A (2), 5/A (2), DEFR14A (2), REGDEX (2), SCHEDULE 13G (2), 10-12G (1), 11-K/A (1), 13F-NT/A (1), 15-15D (1), 25 (1), 305B2 (1), 424B4 (1), 8-A12B (1), CERT (1), DEFM14A (1), POSASR (1), PRER14A (1), S-1 (1), S-4MEF (1), S-8 POS (1), SCHEDULE 13G/A (1)

  • Latest filingsAnnual report (10-K) Feb 27, 2026
    Quarterly report (10-Q) Aug 7, 2026
    Proxy statement (DEF 14A) Feb 27, 2026
    Latest 8-K (8-K) Oct 14, 2026

Securities registered for trading

ClassSymbolExchange
HOMBNew York Stock Exchange

From the cover page of the 10-K filed Feb 27, 2026 (Section 12(b) of the Exchange Act).16

Risk factors and legal proceedings

The risks Home BancShares names in Item 1A of its 10-K filed Feb 27, 2026: 33 risks under these headings, as written.16

  • Risks Related to Our Industry
  • We are subject to extensive regulation that could limit or restrict our activities and impose financial requirements or limitations on the conduct of our business, and changes in the laws and regulations to which we are subject could adversely affect our profitability.
  • We are subject to heightened regulatory requirements as our total assets exceed $10 billion.
  • Difficult market and economic conditions may adversely affect our industry and our business.
  • Our FDIC insurance premiums and assessments could increase and result in higher noninterest expense.
  • Our profitability is vulnerable to interest rate fluctuations and monetary policy and could be adversely affected by any future actions taken by the Federal Reserve Board to address inflation or other economic developments.
  • The failure of other financial institutions could adversely affect us, and we may incur losses on investments in other financial institutions.
  • The impacts of public health crises, including national or international pandemics, could materially and adversely affect our business, financial condition and results of operations.
  • Risks Related to Our Business
  • Our decisions regarding credit risk could be inaccurate and our allowance for credit losses may be inadequate, which would materially and adversely affect us.
  • Our high concentration of real estate loans and especially commercial real estate loans exposes us to increased lending risk.
  • Our geographic concentration of banking activities and loan portfolio makes us more vulnerable to adverse conditions in our local markets.
The other 23 risks
  • If the value of real estate were to deteriorate, a significant portion of our loans could become under-collateralized, which could have a material adverse effect on us.
  • Because we have a concentration of exposure to a number of individual borrowers, a significant loss on any of those loans could materially and adversely affect us.
  • Our cost of funds may increase as a result of general economic conditions, interest rates and competitive pressures.
  • The loss of key employees may materially and adversely affect us.
  • The value of securities in our investment portfolio may decline in the future.
  • Our recent results do not indicate our future results and may not provide guidance to assess the risk of an investment in our common stock.
  • We may not be able to raise the additional capital we need to grow and, as a result, our ability to expand our operations could be materially impaired.
  • Our growth and expansion strategy may not be successful, and our market value and profitability may suffer.
  • If we acquire additional banks or bank assets in the future, there may be undiscovered risks or losses associated with such acquisitions which would have a negative impact upon our future income.
  • If the goodwill that we may record or have recorded in connection with a business acquisition becomes impaired, it could require charges to earnings.
  • Competition from other financial institutions and financial service providers may adversely affect our profitability.
  • We continually encounter technological change, and we may not be able to keep pace with rapid technological change in the financial services industry.
  • A failure in or breach of our operational or security systems, or those of our third-party service providers, including as a result of cyber-attacks, could disrupt our business, result in unintentional disclosure or misuse of confidential or proprietary information, damage our reputation, increase our costs and cause losses.
  • We may incur losses as a result of unforeseen or catastrophic events, including extreme weather events or other natural disasters.
  • We may incur environmental liabilities with respect to properties to which we take title.
  • Our operations could be interrupted if certain external vendors on which we rely experience difficulty, terminate their services or fail to comply with banking laws and regulations.
  • Our earnings could be adversely impacted by incidences of fraud and compliance failure.
  • Risks Related to the Proposed Acquisition of Mountain Commerce Bancorp, Inc.
  • We may fail to realize all of the anticipated benefits of the merger.
  • The completion of the merger is subject to the consent and approval of various governmental authorities, which may impose conditions that could have an adverse effect on the combined company following the merger.
  • The combined company expects to incur substantial expenses related to the merger.
  • Risks Related to Owning Our Stock
  • The rights of our common shareholders are subordinate to the holders of any debt securities that we may issue from time to time and may be subordinate to the holders of any series of preferred stock that may issue in the future.
  • We may be unable to, or choose not to, pay dividends on our common stock.

Legal proceedings

While we and our bank subsidiary and other affiliates are from time to time parties to various legal proceedings arising in the ordinary course of their business, management believes, after consultation with legal counsel, that there are no proceedings threatened or pending against us or our bank subsidiary or other affiliates that will, individually or in the aggregate, have a material adverse effect on our business or consolidated financial condition.

The opening of Item 3, Legal Proceedings.16

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