RVRF on OTC
River Financial Corp
In its 2026 annual report the company says: “We are a bank holding company headquartered in Prattville, Alabama. We operate one subsidiary bank, River Bank & Trust. Through the Bank, we provide a broad array of financial services to businesses, business owners, and professionals.”4 Its shares trade on OTC under the symbol RVRF.2
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Last updated Oct 21, 2026.
Overview
- TickerRVRF on OTC2
- IndustryState Commercial Banks2
- HeadquartersColumbus, United States2
- Incorporated inAL3
- Business address2611 Legends Drive, Prattville, Al 360663
- Filer categoryAccelerated filer, Smaller reporting company3
- Legal formCorporation2
- LEI254900UHD0GX9AKQ9E602
- StatusActive2
- LEI statusIssued and current2
- Registered addressC/O Cogency Global Inc., 19904 Dover, United States2
- Registered withDivision of Corporations, Department of State, 72913842
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We are a bank holding company headquartered in Prattville, Alabama. River Bank & Trust was formed as an Alabama banking corporation in March 2006. In November 2012, River Financial Corporation was formed as an Alabama corporation and all the common shares of River Bank & Trust were exchanged for common shares of River Financial Corporation and River Bank & Trust became the wholly owned subsidiary of River Financial Corporation.4 From its latest annual report
Financials
From the company’s reports to the SEC. Every number links to the filing it came from.
Financial statements
Every line of the income statement as filed: the last 2 fiscal years, latest first.10
| Period ending | 2025-12-31 | 2024-12-31 |
|---|---|---|
| Loans, including fees | $169.1M | $147.7M |
| Taxable securities | $20.1M | $14.5M |
| Tax-exempt securities | $1.9M | $1.4M |
| Federal funds sold | $978.0K | $1.2M |
| Other interest income | $5.6M | $5.3M |
| Total interest income | $197.6M | $170.1M |
| Deposits | $68.0M | $66.0M |
| Securities sold under agreements to repurchase | $172.0K | $546.0K |
| Federal Home Loan Bank advances | $6.1M | $7.4M |
| Federal funds purchased | $1.0K | |
| Subordinated debentures | $1.7M | $1.7M |
| Total interest expense | $75.9M | $75.7M |
| Net interest income | $121.7M | $94.4M |
| Provision for credit losses | $7.2M | $5.8M |
| Net interest income after provision for credit losses | $114.4M | $88.7M |
| Service charges and fees | $9.0M | $8.4M |
| Investment brokerage revenue | $1.3M | $789.0K |
| Mortgage operations | $6.0M | $4.7M |
| Bank owned life insurance income | $1.7M | $1.5M |
| Net losses on sales of investment securities | -$10.1M | -$2.8M |
| Community Development Financial Institution income | $280.0K | |
| Other noninterest income | $2.6M | $2.6M |
| Total noninterest income | $10.5M | $15.4M |
| Salaries and employee benefits | $43.1M | $38.3M |
| Occupancy expenses | $4.3M | $4.0M |
| Equipment rentals, depreciation, and maintenance | $2.3M | $2.2M |
| Telephone and communications | $439.0K | $496.0K |
| Advertising and business development | $1.4M | $997.0K |
| Data processing | $4.4M | $4.2M |
| Foreclosed assets, net | $83.0K | $285.0K |
| Federal deposit insurance and other regulatory assessments | $2.7M | $2.8M |
| Legal and other professional services | $2.3M | $1.4M |
| Other operating expense | $9.2M | $8.3M |
| Total noninterest expense | $70.3M | $62.9M |
| Income before income taxes | $54.6M | $41.1M |
| Provision for income taxes | $12.5M | $9.8M |
| Net income | $42.1M | $31.3M |
| Basic net earnings per common share | $5.43 | $4.09 |
| Diluted net earnings per common share | $5.38 | $4.05 |
No quarter-by-quarter statement was filed.
Every line of the balance sheet as filed: the last 4 fiscal years (annual) or 4 quarters (quarterly), latest first.10
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2015-12-31 |
|---|---|---|---|---|
| Cash and due from banks | $29.2M | $35.3M | ||
| Interest-bearing deposits in banks | $89.3M | $83.5M | ||
| Federal funds sold | $10.0M | $67.0M | ||
| Cash and cash equivalents | $128.5M | $185.7M | ||
| Certificates of deposit in banks | $3.0M | $4.2M | ||
| Securities held-to-maturity, at amortized cost (fair value of $98,260 and $96,938, respectively) | $117.2M | $122.1M | ||
| Securities available-for-sale (amortized cost of $670,980 and $690,891, respectively) | $628.6M | $610.9M | ||
| Loans held for sale | $9.5M | $6.8M | ||
| Loans, net of unearned income | $2.7B | $2.5B | ||
| Less allowance for credit losses | -$36.0M | -$32.1M | -$29.0M | |
| Net loans | $2.7B | $2.5B | ||
| Premises and equipment, net | $50.8M | $45.7M | ||
| Accrued interest receivable | $17.5M | $16.0M | ||
| Bank owned life insurance | $54.1M | $49.8M | ||
| Foreclosed assets | $1.5M | $130.0K | $92.0K | |
| Deferred income taxes | $22.6M | $30.8M | ||
| Core deposit intangible | $533.0K | $932.0K | ||
| Goodwill | $27.8M | $27.8M | $27.8M | $9.4M |
| Restricted equity securities, at cost | $7.9M | $12.7M | ||
| Affordable housing tax credit investments | $30.6M | $7.2M | ||
| Other assets | $9.6M | $6.8M | ||
| Total assets | $3.8B | $3.6B | ||
| Noninterest-bearing deposits | $666.6M | $654.2M | ||
| Interest bearing deposits | $2.7B | $2.4B | ||
| Total deposits | $3.3B | $3.1B | ||
| Securities sold under agreements to repurchase | $0 | $22.7M | ||
| Federal Home Loan Bank advances | $100.0M | $205.0M | ||
| Subordinated debentures, net of loan costs | $39.6M | $39.6M | ||
| Accrued interest payable and other liabilities | $20.8M | $15.7M | ||
| Total liabilities | $3.5B | $3.4B | ||
| Common stock related to 401(k) Employee Stock Ownership Plan | $6.2M | $5.1M | ||
| Common stock ($1 par value; 15,000,000 shares authorized; 7,798,639 and 7,680,061 shares issued; 7,745,983 and 7,628,192 shares outstanding, respectively) | $7.8M | $7.7M | ||
| Additional paid-in capital | $140.6M | $137.2M | ||
| Retained earnings | $189.7M | $151.8M | ||
| Accumulated other comprehensive loss | -$33.2M | -$61.7M | ||
| Unvested restricted stock | -$3.3M | -$1.2M | ||
| Treasury stock at cost (52,656 and 51,869 shares, respectively) | -$1.8M | -$1.7M | ||
| Common stock related to 401(k) Employee Stock Ownership Plan | -$6.2M | -$5.1M | ||
| Total stockholders' equity | $293.6M | $227.1M | $198.3M | |
| Total equity | $299.9M | $232.2M | ||
| Total liabilities and stockholders' equity | $3.8B | $3.6B | ||
| Securities held-to-maturity, fair value | $98.3M | $96.9M | ||
| Securities available-for-sale, amortized cost | $671.0M | $690.9M | ||
| Preferred stock, par value | $0.01 | $0.01 | ||
| Preferred stock, shares authorized | 1.0M shares | 1.0M shares | ||
| Preferred stock, shares issued | 0 shares | 0 shares | ||
| Preferred stock, shares outstanding | 0 shares | 0 shares | ||
| Common stock, par value | $1.00 | $1.00 | ||
| Common stock, shares authorized | 15.0M shares | 15.0M shares | ||
| Common stock, shares issued | 7.8M shares | 7.7M shares | ||
| Common stock, shares outstanding | 7.7M shares | 7.6M shares | ||
| Treasury stock, shares | 52.7K shares | 51.9K shares |
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2015-12-31 |
|---|---|---|---|---|
| Cash and due from banks | $29.2M | $35.3M | ||
| Interest-bearing deposits in banks | $89.3M | $83.5M | ||
| Federal funds sold | $10.0M | $67.0M | ||
| Cash and cash equivalents | $128.5M | $185.7M | ||
| Certificates of deposit in banks | $3.0M | $4.2M | ||
| Securities held-to-maturity, at amortized cost (fair value of $98,260 and $96,938, respectively) | $117.2M | $122.1M | ||
| Securities available-for-sale (amortized cost of $670,980 and $690,891, respectively) | $628.6M | $610.9M | ||
| Loans held for sale | $9.5M | $6.8M | ||
| Loans, net of unearned income | $2.7B | $2.5B | ||
| Less allowance for credit losses | -$36.0M | -$32.1M | -$29.0M | |
| Net loans | $2.7B | $2.5B | ||
| Premises and equipment, net | $50.8M | $45.7M | ||
| Accrued interest receivable | $17.5M | $16.0M | ||
| Bank owned life insurance | $54.1M | $49.8M | ||
| Foreclosed assets | $1.5M | $130.0K | $92.0K | |
| Deferred income taxes | $22.6M | $30.8M | ||
| Core deposit intangible | $533.0K | $932.0K | ||
| Goodwill | $27.8M | $27.8M | $27.8M | $9.4M |
| Restricted equity securities, at cost | $7.9M | $12.7M | ||
| Affordable housing tax credit investments | $30.6M | $7.2M | ||
| Other assets | $9.6M | $6.8M | ||
| Total assets | $3.8B | $3.6B | ||
| Noninterest-bearing deposits | $666.6M | $654.2M | ||
| Interest bearing deposits | $2.7B | $2.4B | ||
| Total deposits | $3.3B | $3.1B | ||
| Securities sold under agreements to repurchase | $0 | $22.7M | ||
| Federal Home Loan Bank advances | $100.0M | $205.0M | ||
| Subordinated debentures, net of loan costs | $39.6M | $39.6M | ||
| Accrued interest payable and other liabilities | $20.8M | $15.7M | ||
| Total liabilities | $3.5B | $3.4B | ||
| Common stock related to 401(k) Employee Stock Ownership Plan | $6.2M | $5.1M | ||
| Common stock ($1 par value; 15,000,000 shares authorized; 7,798,639 and 7,680,061 shares issued; 7,745,983 and 7,628,192 shares outstanding, respectively) | $7.8M | $7.7M | ||
| Additional paid-in capital | $140.6M | $137.2M | ||
| Retained earnings | $189.7M | $151.8M | ||
| Accumulated other comprehensive loss | -$33.2M | -$61.7M | ||
| Unvested restricted stock | -$3.3M | -$1.2M | ||
| Treasury stock at cost (52,656 and 51,869 shares, respectively) | -$1.8M | -$1.7M | ||
| Common stock related to 401(k) Employee Stock Ownership Plan | -$6.2M | -$5.1M | ||
| Total stockholders' equity | $293.6M | $227.1M | $198.3M | |
| Total equity | $299.9M | $232.2M | ||
| Total liabilities and stockholders' equity | $3.8B | $3.6B | ||
| Securities held-to-maturity, fair value | $98.3M | $96.9M | ||
| Securities available-for-sale, amortized cost | $671.0M | $690.9M | ||
| Preferred stock, par value | $0.01 | $0.01 | ||
| Preferred stock, shares authorized | 1.0M shares | 1.0M shares | ||
| Preferred stock, shares issued | 0 shares | 0 shares | ||
| Preferred stock, shares outstanding | 0 shares | 0 shares | ||
| Common stock, par value | $1.00 | $1.00 | ||
| Common stock, shares authorized | 15.0M shares | 15.0M shares | ||
| Common stock, shares issued | 7.8M shares | 7.7M shares | ||
| Common stock, shares outstanding | 7.7M shares | 7.6M shares | ||
| Treasury stock, shares | 52.7K shares | 51.9K shares |
Cash flow is reported year to date, not quarter by quarter, so there are no separate quarterly figures.
Every line of the cash flow as filed: the last 2 fiscal years, latest first.10
| Period ending | 2025-12-31 | 2024-12-31 |
|---|---|---|
| Net income | $42.1M | $31.3M |
| Provision for credit losses | $7.2M | $5.8M |
| Provision for losses on foreclosed assets | $230.0K | $83.0K |
| Amortization of securities | $1.8M | $2.5M |
| Accretion of securities | -$1.4M | -$548.0K |
| Accretion of acquired loans | -$4.0K | -$13.0K |
| Net losses on sales of investment securities | $10.1M | $2.8M |
| Accretion of deferred loan fees | -$6.2M | -$4.3M |
| Amortization of core deposit intangible | $399.0K | $512.0K |
| Amortization of debt issuance costs | $70.0K | $71.0K |
| Stock compensation expense | $1.1M | $527.0K |
| Bank owned life insurance income | -$1.7M | -$1.5M |
| Depreciation and amortization of premises and equipment | $3.3M | $3.2M |
| (Gain) loss on sales of foreclosed assets | -$97.0K | $36.0K |
| Deferred income tax benefit | -$1.4M | -$1.7M |
| Loans held-for-sale | -$2.7M | -$2.2M |
| Accrued interest receivable | -$1.5M | -$1.9M |
| Other assets | -$2.8M | $1.3M |
| Accrued interest payable and other liabilities | $5.1M | $114.0K |
| Net cash from operating activities | $53.7M | $36.1M |
| Maturities of certificates of deposit in banks | $1.2M | |
| Sales of securities available-for-sale | $218.1M | $112.7M |
| Maturities, payments, calls of securities available-for-sale | $64.0M | $43.4M |
| Purchases of securities available-for-sale | -$272.6M | -$147.7M |
| Maturities, payments, calls of securities held-to-maturity | $5.0M | $4.9M |
| Loan principal originations, net | -$226.3M | -$246.2M |
| Proceeds from sales of foreclosed assets | $1.0M | $907.0K |
| Purchases of premises and equipment | -$8.5M | -$3.7M |
| Redemption of restricted equity securities, net | $4.8M | $783.0K |
| Affordable housing tax credit investments, net of amortization | -$23.4M | $628.0K |
| Purchase of bank owned life insurance | -$2.6M | -$1.3M |
| Net cash used for investing activities | -$239.3M | -$235.5M |
| Net increase in deposits | $260.0M | $336.5M |
| Net increase in securities sold under agreements to repurchase | -$22.7M | $5.9M |
| Proceeds from Federal Home Loan Bank advances | $105.0M | |
| Repayment of Federal Home Loan Bank advances | -$105.0M | -$130.0M |
| Proceeds from exercise of stock options | $318.0K | $239.0K |
| Purchase of treasury shares | -$1.7M | -$2.6M |
| Sale of treasury shares | $1.6M | $1.3M |
| Cash dividends | -$4.2M | -$3.8M |
| Net cash from financing activities | $128.3M | $312.6M |
| Net Change In Cash And Cash Equivalents | -$57.2M | $113.2M |
| Interest paid to depositors | $67.9M | $65.7M |
| Interest paid on borrowings | $6.3M | $8.0M |
| Income taxes | $10.9M | $8.5M |
| Transfer of loans to foreclosed assets | $2.6M | $1.1M |
No quarter-by-quarter statement was filed.
What it owns
What River Financial Corp 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
| Item | Latest | A year before | Change |
|---|---|---|---|
| Land and buildings | $12.7M10 Dec 31, 2025 | $12.5M10 Dec 31, 2024 | +2.0% |
| Buildings and improvements | $40.7M10 Dec 31, 2025 | $34.1M10 Dec 31, 2024 | +19.3% |
| Leasehold improvements | $2.8M10 Dec 31, 2025 | $2.8M10 Dec 31, 2024 | 0% |
| Property and equipment, before depreciation | $71.7M10 Dec 31, 2025 | $63.2M10 Dec 31, 2024 | +13.4% |
| Accumulated depreciation | $20.9M10 Dec 31, 2025 | $17.6M10 Dec 31, 2024 | +18.9% |
| Property and equipment, net | $50.8M10 Dec 31, 2025 | $45.7M10 Dec 31, 2024 | +11.3% |
| Operating-lease assets (leased space) | $6.5M10 Dec 31, 2025 | $2.7M10 Dec 31, 2024 | +140.3% |
Investments
| Item | Latest | A year before | Change |
|---|---|---|---|
| Debt securities available for sale | $628.6M10 Dec 31, 2025 | $610.9M10 Dec 31, 2024 | +2.9% |
| Debt securities held to maturity | $117.2M10 Dec 31, 2025 | $122.1M10 Dec 31, 2024 | −4.0% |
| Deposits held (banks) | $3.3B10 Dec 31, 2025 | $3.1B10 Dec 31, 2024 | +8.5% |
Intangibles and goodwill
| Item | Latest | A year before | Change |
|---|---|---|---|
| Goodwill | $27.8M10 Dec 31, 2025 | $27.8M10 Dec 31, 2024 | 0% |
| Finite-lived intangibles, net | $533.0K10 Dec 31, 2025 | $932.0K10 Dec 31, 2024 | −42.8% |
Properties, in its own words
Our headquarters and the main office of RB&T is located at 2611 Legends Drive, Prattville, Alabama 36066. Including the main office, RB&T operates eighteen branches with drive-through and/or ATM service.
The following table summarizes pertinent details of the Company’s main and banking offices as of December 31, 2025:
The rest of Item 2
Office Address · Owned/Leased
2611 Legends Drive (Main Office) · Owned
Prattville, AL 36066
612 South Memorial Drive · Leased
Prattville, AL 36067
7075 Halcyon Park Drive · Leased
Montgomery, AL 36117
309 Maxwell Boulevard · Leased
Montgomery, AL 36104
10 Cambridge Drive · Owned
Wetumpka, AL 36092
3617 U.S. Highway 280 · Owned
Alexander City, AL 35010
2394 East University Drive · Owned
Auburn, AL 36830
1804 Thomason Drive · Owned
Opelika, AL 36801
244 South 3rd StreetGadsden, AL 35901 · Owned
3111 Alabama Highway 14Millbrook, AL 36054 · Owned
620 Second Avenue NorthClanton, AL 35046 · Owned
1301 US-98Daphne, AL 36526 · Owned
1479 West Main StreetDothan, AL 36302 · Owned
3850 West Main StreetDothan, AL 36305 · Owned
306 South Main StreetEnterprise, AL 36330 · Owned
254 Moulton Street East · Leased
Decatur, AL 35601
1192 South Donahue DriveAuburn, AL 36830 · Owned
401 Holmes AvenueHuntsville, AL 35801 · Leased
33 Shell Street, Suite 33Saraland, AL 36571 · Leased
1425 Montgomery Highway, Suite 151Vestavia Hills, AL 35216 · Leased
401 East Teneessee Street, Suite AFlorence, AL 35630 · Leased
118 North Royal Street, Suite 100Mobile, AL 36602 · Leased
110 South University BlvdMobile, AL 36608 · Owned
2427 University Blvd, Unit A · Leased
Tuscaloosa, AL 35401
495 Grand Blvd · Leased
Destin, FL 32550
We believe that our banking offices are in good condition and are suitable to our needs.
Item 2 of the 10-K filed Mar 10, 2026.4
Leadership
Named in SEC Form D filings
People the company listed in its private-offering notices.
- Executive OfficerGene C. Crane named Sep 12, 202313
- Executive Officer, DirectorGerald R. Smith, Jr. named Sep 12, 202313
- Executive Officer, DirectorJames M. Stubbs named Sep 12, 202313
- Executive OfficerJason B. Davis named Sep 12, 202313
- DirectorBrian A. McLeod named Sep 12, 202313
- DirectorCharles E. Herron named Sep 12, 202313
- DirectorCharles E. Moore, III named Sep 12, 202313
- DirectorJimmy L. Ridling named Sep 12, 202313
- DirectorJohn A. Freeman named Sep 12, 202313
- DirectorLarry M. Puckett named Sep 12, 202313
- DirectorVernon B. Taylor named Sep 12, 202313
- DirectorW. Murray Neighbors named Sep 12, 202313
Timeline
- Oct 15, 20268-K Results of operations14
- Jul 30, 20268-K Cybersecurity incident15
- Jul 17, 20268-K Cybersecurity incident16
- Jul 16, 20268-K Results of operations17
- Jul 10, 20268-K Cybersecurity incident18
- Jul 6, 20268-K Cybersecurity incident19
- Jun 25, 20268-K Cybersecurity incident20
- May 21, 20268-K Shareholder vote21
- Apr 14, 20268-K Results of operations22
- Jan 26, 20268-K Other events23
- Jan 21, 20268-K Results of operations24
- Jan 20, 20268-K Results of operations25
- Feb 21, 2019Founded River Financial Corp is founded2
Calendar
Coming up
- Around Jan 14, 2027Next results, estimated About a quarter after its last report. The company hasn't announced the date.
When it reported results
- Oct 15, 2026Reported quarterly or annual results14
- Jul 16, 2026Reported quarterly or annual results17
- Apr 14, 2026Reported quarterly or annual results22
- Jan 21, 2026Reported quarterly or annual results24
- Jan 20, 2026Reported quarterly or annual results25
- Oct 20, 2025Reported quarterly or annual results26
Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar
Filings
56 filings to the SEC since October 2021: 6 annual reports, 15 quarterly reports, 25 major events, 1 private raises, 9 other. The latest 20:
- Oct 15, 20268-K EDGAR
- Aug 4, 202610-Q EDGAR
- Jul 30, 20268-K/A EDGAR
- Jul 17, 20268-K/A EDGAR
- Jul 16, 20268-K EDGAR
- Jul 10, 20268-K/A EDGAR
- Jul 6, 20268-K/A EDGAR
- Jun 30, 202611-K EDGAR
- Jun 25, 20268-K EDGAR
- May 21, 20268-K EDGAR
- May 5, 202610-Q EDGAR
- Apr 14, 20268-K EDGAR
- Apr 6, 2026DEF 14A EDGAR
- Mar 10, 202610-K EDGAR
- Jan 26, 20268-K EDGAR
- Jan 21, 20268-K/A EDGAR
- Jan 20, 20268-K EDGAR
- Dec 15, 2025S-8 EDGAR
- Dec 15, 202511-K EDGAR
- Nov 4, 202510-Q EDGAR
The 56 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.
Money raised
Private offerings the company reported to the SEC on Form D.
- Aug 31, 2023Raised $32.9 million in a private offering of equity Form D: $50 million offered in all Form D
SEC filer profile
How River Financial Corp is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.
- Name on EDGARRiver Financial Corp1
- CIK0001641601
- Employer ID (EIN)46-14221254
- Filer statusAccelerated filer not an emerging growth company; a smaller reporting company; not a shell company4
- Incorporated inAlabama4
- Fiscal year endsDecember 311
- Industry code (SIC)6022 State Commercial Banks1
- SEC reviewing officeOffice of Finance, Division of Corporation Finance1
- Business address2611 Legends Drive, Prattville, AL 360661
- Phone334-290-10121
- Shares outstanding7,811,902 as of Aug 3, 202612
- Public float$182.0M as of Jun 30, 20254
- AuditorMauldin & Jenkins, LLC, Birmingham, Alabama, USA PCAOB ID 669; it also attests to the company’s internal control over financial reporting4
- On EDGAR sinceMay 13, 20151
- Filings128 in all: 8-K (36), 10-Q (33), 10-K (11), 8-K/A (9), DEF 14A (8), CORRESP (6), D (4), S-4/A (4)1
All 16 form types
S-8 (4), 425 (3), 11-K (2), EFFECT (2), S-4 (2), UPLOAD (2), 10-K/A (1), DEFR14A (1)
- Latest filingsAnnual report (10-K) Mar 10, 2026
Quarterly report (10-Q) Aug 4, 2026
Proxy statement (DEF 14A) Apr 6, 2026
Latest 8-K (8-K) Oct 15, 2026
Risk factors and legal proceedings
The risks River Financial Corp names in Item 1A of its 10-K filed Mar 10, 2026: 35 risks under these headings, as written.4
- Risks Relating to Our Business As a Commercial Bank
- Our business is concentrated in, and largely dependent upon, the continued growth and welfare of the general geographic markets in which we operate.
- Our small to medium-sized business and entrepreneurial customers may have fewer financial resources than larger entities to weather a downturn in the economy, which may impair a borrower’s ability to repay a loan, and such impairment could adversely affect our financial condition and results of operations.
- Our financial performance will be negatively impacted if we are unable to execute our growth strategy.
- Our profitability is vulnerable to interest rate fluctuations.
- We are subject to risk due to fluctuations in interest rates.
- A significant portion of our loan portfolio is secured by real estate, and events that negatively impact the real estate market could negatively impact our business.
- Any branch expansion into new markets or new lines of business might not be successful.
- Acquisitions may disrupt our business and dilute stockholder value, and integrating acquired companies may be more difficult, costly, or time-consuming than we expect.
- Our largest loan relationships currently make up a significant percentage of our total loan portfolio.
- Several of our large depositors have relationships with each other, which creates a higher risk that one customer’s withdrawal of its deposit could lead to a loss of other deposits from customers within the relationship, which, in turn, could force us to fund our business through more expensive and less stable sources.
- We have lower lending limits and different lending risks than certain of our larger, more diversified competitors.
The other 24 risks
- Because our business success depends significantly on key management personnel, the departure of such personnel could impair operations.
- We continually encounter technological change and may have fewer resources than our competitors to continue to invest in technological improvements.
- We use information technology in our operations and offer online banking services to our customers. Unauthorized access to our technology as a result of a cyber-attack or otherwise could expose us to reputational harm and litigation and adversely affect our ability to attract and retain customers.
- Risks Related to the Regulation of the Banking Industry
- We are subject to extensive regulation in the conduct of our business, which imposes additional costs and reduces our profitability.
- Changes in laws, government regulation, and monetary policy may have a material effect on our results of operations.
- Banking agencies periodically conduct examinations of our business, including compliance with laws and regulations, and our failure to comply with any supervisory actions to which we become subject as a result of such examinations could materially and adversely affect us.
- We may need to raise additional capital in the future, including as a result of potential increased minimum capital thresholds established by regulators, but that capital may not be available when it is needed and may be dilutive to stockholders.
- We are subject to numerous laws designed to protect consumers, including the Community Reinvestment Act and fair lending laws, and failure to comply with these laws could lead to a wide variety of sanctions.
- We are subject to the Bank Secrecy Act and other anti-money laundering statutes and regulations, and any deemed deficiency by us with respect to these laws could result in significant liability.
- Risks Related to Our Common Stock
- An active, liquid market for common stock may not develop or be sustained, which may impair your ability to sell your shares.
- The price that our common stock may exchange hands may be subject to various influences, which may make it difficult for you to sell your shares at the volumes, prices, and times desired.
- We cannot guarantee that we will pay dividends to our stockholders in the future.
- Shares of our common stock are not insured deposits and may lose value.
- The laws that regulate our operations are designed for the protection of depositors and the public, not our stockholders.
- We have the ability to incur debt and pledge our assets, including our stock in RB&T, to secure that debt.
- General Risk Factors
- A return of recessionary conditions could result in increases in our level of nonperforming loans and/or reduced demand for our products and services, which could have an adverse effect on our results of operations.
- Difficult conditions in the market for financial products and services may materially and adversely affect our business and results of operations.
- External economic factors, such as changes in monetary policy and inflation and deflation, may have an adverse effect on our business, financial condition and results of operations.
- Market interest rates for loans, investments, and deposits are highly sensitive to many factors beyond our control.
- We could suffer losses from a decline in the credit quality of the assets that we hold.
- Our allowance for estimated credit losses may not be adequate to cover actual credit losses, which may require us to take a charge to earnings and adversely impact our financial condition and results of operations.
- Our liquidity needs might adversely affect our financial condition and results of operations.
- We operate in a highly competitive industry and face significant competition from other financial institutions and financial services providers, which may decrease our growth or profits.
- Severe weather, natural disasters, pandemics, epidemics, acts of war or terrorism or other external events could have significant effects on our business.
Legal proceedings
From time to time the Company is a party to legal proceedings. At the present time the Company is not part of any proceeding which the Company deems to be material.
The opening of Item 3, Legal Proceedings.4
Sources
The numbers on this page point here. Each one links to the record it came from.
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- 14SEC EDGARResults of operations
- 15SEC EDGARCybersecurity incident
- 16SEC EDGARCybersecurity incident
- 17SEC EDGARResults of operations
- 18SEC EDGARCybersecurity incident
- 19SEC EDGARCybersecurity incident
- 20SEC EDGARCybersecurity incident
- 21SEC EDGARShareholder vote
- 22SEC EDGARResults of operations
- 23SEC EDGAROther events
- 24SEC EDGARResults of operations
- 25SEC EDGARResults of operations
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