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THFF on Nasdaq

First Financial Bank

Logo: first-online.bank5

U.S. financial services company

First Financial Bank is a regional bank operated by First Financial Corporation and based in Terre Haute, Indiana. It is the oldest national bank in Indiana and the fifth oldest national bank in the United States. First Financial Corporation is Vigo County's only publicly traded company.3 Its shares trade on Nasdaq under the symbol THFF.1 Wikipedia text CC BY-SA 4.0

$73.60 up 0.59 (0.81%)Price as of Oct 15, 2026 at 17:33 UTC

Last updated Oct 21, 2026.

Overview

1834Founded1

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  • TickerTHFF on Nasdaq1
  • Industryfinance1
  • HeadquartersTerre Haute1
  • Websitewww.first-online.bank
  • Incorporated inIN6
  • Business addressOne First Financial Plaza, Terre Haute, In 478076
  • Filer categoryAccelerated filer6

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First Financial Bank is a regional bank operated by First Financial Corporation and based in Terre Haute, Indiana. It is the oldest national bank in Indiana and the fifth oldest national bank in the United States. First Financial Corporation is Vigo County's only publicly traded company.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

Service charges on deposits and debit card fee income brought in 81% of the revenue First Financial Bank broke down this way in fiscal 2025.

  1. Service charges on deposits and debit card fee income$31.4M881%up 6% from 2024
  2. Asset management fees$5.8M815%up 6% from 2024
  3. Servicing Fees$970.0K82%down 12% from 2024
  4. Interchange Income$755.0K82%up 15% from 2024
Products and services by year
Products and services202320242025
Service charges on deposits and debit card fee income$29.7M$31.4M
Asset management fees$5.5M$5.8M
Servicing Fees$1.3M$1.1M$970.0K
Interchange Income$655.0K$755.0K

Financial statements

Net income91011128$79.2M in 2025+62% since 2019
0$20.0M$40.0M$60.0M$80.0M2019: $48.9M$48.9M20192020: $53.8M$53.8M2020+10%2021: $53.0M$53.0M2021−2%2022: $71.1M$71.1M2022+34%2023: $60.7M$60.7M2023−15%2024: $47.3M$47.3M2024−22%2025: $79.2M$79.2M2025+68%

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, including related fees$267.8M$226.3M$189.6M
Taxable$23.8M$24.2M$24.6M
Tax-exempt$10.7M$10.5M$10.6M
Other$3.3M$3.7M$3.5M
TOTAL INTEREST INCOME$305.6M$264.7M$228.4M
Deposits$72.4M$81.1M$51.7M
Short-term borrowings$6.5M$4.3M$5.4M
Other borrowings$6.8M$4.4M$4.1M
TOTAL INTEREST EXPENSE$85.7M$89.8M$61.1M
NET INTEREST INCOME$219.9M$175.0M$167.3M
Provision for credit losses$8.2M$16.2M$7.3M
NET INTEREST INCOME AFTER PROVISION FOR CREDIT LOSSES$211.7M$158.8M$160.0M
Trust and financial services$5.8M$5.5M$5.2M
Service charges and fees on deposit accounts$31.4M$29.7M$28.1M
Other service charges and fees$1.1M$999.0K$801.0K
Securities gains (losses), net-$4.6M$103.0K-$1.0K
Interchange income$755.0K$655.0K$676.0K
Loan servicing fees$1.2M$1.3M$1.2M
Gain on sales of mortgage loans$1.5M$1.2M$966.0K
Other$4.9M$3.5M$5.8M
TOTAL NON-INTEREST INCOME$42.0M$42.8M$42.7M
Salaries and employee benefits$79.1M$74.6M$68.5M
Occupancy expense$10.5M$9.6M$9.4M
Equipment expense$19.0M$17.6M$14.0M
FDIC Expense$2.8M$2.8M$2.9M
Other$43.5M$39.9M$35.4M
TOTAL NON-INTEREST EXPENSE$154.9M$144.4M$130.2M
INCOME BEFORE INCOME TAXES$98.7M$57.2M$72.5M
Provision for income taxes$19.5M$9.9M$11.8M
NET INCOME$79.2M$47.3M$60.7M
Change in unrealized gains (losses) on securities, net of reclassifications and taxes$44.4M-$9.8M$10.9M
Change in funded status of post retirement benefits, net of taxes$1.2M$4.6M$2.0M
COMPREHENSIVE INCOME (LOSS)$124.8M$42.1M$73.6M
Basic Earnings per Share (in dollars per share)$6.68$4.00$5.08
Diluted Earnings per Share (in dollars per share)$6.68$4.00$5.08
Weighted average number of shares outstanding, basic (in shares)11.9M shares11.8M shares11.9M shares
Weighted average number of shares outstanding, diluted (in shares)11.9M shares11.8M shares11.9M shares

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Corporate structure

First Financial Bank is part of a group headed by First Financial Bank. 35 entities, 1 country on record. Switch between the flow chart and the network, and select any entity to see its details.

Major holders of First Financial Bank

  • VANGUARD GROUP INC Filed SCHEDULE 13G/A on First Financial Bank, latest Mar 26, 2026 (4 filings since Feb 10, 2022)
  • BlackRock Filed SCHEDULE 13G/A on First Financial Bank, latest Apr 17, 2025 (7 filings since Feb 1, 2022)
  • DIMENSIONAL FUND ADVISORS LP Filed SC 13G on First Financial Bank, latest Feb 9, 2024
  • First Financial Bank Cincinnati, Ohio, United States
    • First Financial Bank Terre Haute
    • FCB Bancorp Statutory Trust I Subsidiary · Delaware, United States
    • First Financial Collateral, Inc. Subsidiary · Indiana, United States
    • First Financial Preferred Capital, Inc. Subsidiary · Ohio, United States
    • First Franchise Capital Corporation Subsidiary · Indiana, United States
    • IHE Funding Corp. II Subsidiary · Delaware, United States
    • Irwin Home Equity Corporation Subsidiary · Indiana, United States
    • MainSource Statutory Trust I Subsidiary · Connecticut, United States
    • MainSource Statutory Trust II Subsidiary · Connecticut, United States
    • MainSource Statutory Trust III Subsidiary · Delaware, United States
    • MainSource Statutory Trust IV Subsidiary · Delaware, United States
    • MSB Holdings of Nevada, Inc. Subsidiary · Nevada, United States
    • MSB Investments of Nevada, Inc. Subsidiary · Nevada, United States
    • MSB of Nevada, LLC Subsidiary · Nevada, United States
    • New York Systems Exchange, Inc. Subsidiary · Ohio, United States
    • Oak Street Funding LLC Subsidiary · Delaware, United States
    • Oak Street Holdings Corporation Subsidiary · Delaware, United States
    • Oak Street Servicing, LLC Subsidiary · Delaware, United States
    • OSF Insurance Receivables, LLC Subsidiary · Indiana, United States
    • PRC SFG II, LLC Subsidiary · Ohio, United States
    • PRC SFG, LLC Subsidiary · Ohio, United States
    • SFG Titling Co. Subsidiary · Ohio, United States
    • Summit Continental Leasing, LLC Subsidiary · Ohio, United States
    • Summit Financial Services, Inc.-Consolidated Subsidiary · Ohio, United States
    • Summit Funding Group, Inc. Subsidiary · Ohio, United States
    • and 9 more

Built from parent and subsidiary links from GLEIF, the Global Legal Entity Identifier Foundation (CC0); 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 First Financial Bank 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
Land$20.4M8 Dec 31, 2025$20.5M8 Dec 31, 2024−0.5%
Buildings and improvements$77.6M8 Dec 31, 2025$77.2M8 Dec 31, 2024+0.4%
Furniture and fixtures$48.3M8 Dec 31, 2025$48.9M8 Dec 31, 2024−1.2%
Property and equipment, before depreciation$146.4M8 Dec 31, 2025$146.7M8 Dec 31, 2024−0.2%
Accumulated depreciation$67.8M8 Dec 31, 2025$65.2M8 Dec 31, 2024+3.9%
Property and equipment, net$78.6M8 Dec 31, 2025$81.5M8 Dec 31, 2024−3.6%
Operating-lease assets (leased space)$7.4M8 Dec 31, 2025$7.7M12 Dec 31, 2024−4.4%

Investments

ItemLatestA year beforeChange
Loans, net of allowance$4.0B8 Dec 31, 2025$3.8B8 Dec 31, 2024+5.7%
Deposits held (banks)$4.6B8 Dec 31, 2025$4.7B8 Dec 31, 2024−3.6%

Intangibles and goodwill

ItemLatestA year beforeChange
Goodwill$98.2M8 Dec 31, 2025$100.0M8 Dec 31, 2024−1.8%
Intangible assets, net (excluding goodwill)$16.2M8 Dec 31, 2025$21.5M8 Dec 31, 2024−24.7%
Finite-lived intangibles, gross$41.6M8 Dec 31, 2025$41.6M8 Dec 31, 20240%
Accumulated amortization$25.4M8 Dec 31, 2025$20.1M8 Dec 31, 2024+26.4%

Properties, in its own words

The Corporation is located in a four-story office building in downtown Terre Haute, Indiana that was first occupied in June 1988. It is leased to the Bank. The Bank also owns one other facility in Terre Haute, which is a 50,000-square-foot building housing operations and administrative staff and equipment. In addition, the Bank holds in fee five other branch buildings. One of the branch buildings is a single-story 36,000-square-foot building which is located in a Terre Haute suburban area. One other branch bank building is leased by the Bank. The expiration date on the lease is May 31, 2028.

Facilities of the Corporation’s banking centers in Indiana counties, outside of Vigo County, Indiana, include fifteen offices. All buildings are held in fee.

The rest of Item 2

Facilities of the Corporation’s banking centers in Illinois include twenty-four offices. Nineteen buildings are held in fee, and five are leased with leases expiring from 2026 to 2036.

Facilities of the Corporation’s banking centers in Kentucky include sixteen offices. All buildings are held in fee.

Facilities of the Corporation’s banking centers in Tennessee include fifteen offices. Thirteen buildings are held in fee, and two are leased. One lease expires in 2026, and the other expires in 2031.

Facilities of the Corporation’s banking centers in Georgia include three offices. All buildings are held in fee.

Facilities of the Corporation’s loan production offices, include an office in Bloomington, Indiana, an office in Carmel, Indiana, an office in Evansville, Indiana, an office in Fort Wayne, Indiana, an office in Murfreesboro, Tennessee, an office in Brentwood, Tennessee, an office in Chattanooga, Tennessee, and an office in Knoxville, Tennessee. The loan production offices are leased by the Bank. The expiration dates on the leases are January 31, 2029, April 30, 2028, September 16, 2030, November 30, 2030, December 31, 2030, September 30, 2026, February 28, 2028, and June 30, 2030, respectively.

Item 2 of the 10-K filed Mar 4, 2026.17

The story

The bank was founded in 1834 as a branch of the Second State Bank of Indiana and later became known as Terre Haute First National Bank. In 1983, First Financial Corporation was established as the bank's holding company, and in August 1984 it became Indiana's first multi-bank holding company. After mergers and acquisitions, the various banks affiliated as First Financial Bank in 2003.

For most of its existence, First Financial operated largely in the Indiana and Illinois counties around Terre Haute, but two recent mergers greatly expanded the corporation's footprint into Kentucky.

As a result of the mergers in 2019 and 2021, First Financial Bank now operates banking centers and loan production offices in Indiana, Illinois, Kentucky and Tennessee.

Indiana

In September 2021, First Financial Corporation announced on September 27 that The Morris Plan Company of Terre Haute, long a subsidiary of the company, would be merged into First Financial Bank, effective December 31, 2021.

Illinois

In October 2011, First Financial Corporation announced the pending acquisition of the Pontiac-based PNB Holding Company with its only subsidiary, the Freestar Bank, which has 13 offices in Central Illinois.

In March 2013, First Financial Corp. acquired 9 branch offices in central and southern Illinois from Bank of America.

Kentucky

On July 29, 2019, First Financial Corporation announced completion of its merger with HopFed Bancorp, Inc. (HFBC) and the merger of First Financial Bank with HFBC's wholly owned subsidiary, Heritage Bank USA, based in Hopkinsville.

In August 2021, First Financial Bank announced that it was acquiring Hancock Bank & Trust, a longtime community bank based in Hawesville. The deal, which added branch locations in Hawesville, Lewisport, Madisonville, Cloverport and Bowling Green in Kentucky to the First Financial portfolio, was valued at $31.3 million ($18.38/share).

From Wikipedia’s article on First Financial Bank, shared under CC BY-SA 4.0.7

Leadership

Who has led First Financial Bank, and when. Pick a name to see everywhere that person has worked.

Chief executive

  1. Norman L. Lowery2006

Chair

  1. Donald E. Smith2006–2013
  2. Norman L. Lowery2024–now

President

  1. Norman L. Lowery2012–2023
  2. Norman D. Lowery2024–now

Chief financial officer

  1. Rodger Allen McHargue2010–now

Chief operating officer

  1. Norman D. Lowery2010
197019801990200020102020
Board members and other officers (24)

Products and brands

  • financial services

Listed on Wikidata.1

The company offers cash management services, lease financing, debit cards, online banking, and other electronically accessed banking services. First Financial Bank also provides various services, including investment advisory and wealth management, investment and brokerage, and investment consulting.

From Wikipedia’s article on First Financial Bank, shared under CC BY-SA 4.0.7

Timeline

  1. Sep 17, 20268-K Other events47
  2. Sep 17, 20268-K Executive or director change; Regulation FD disclosure48
  3. Sep 4, 20268-K Regulation FD disclosure49
  4. Aug 27, 20268-K Entered a material agreement; Regulation FD disclosure50
  5. Aug 27, 20268-K Entered a material agreement; Regulation FD disclosure51
  6. Jul 28, 20268-K Results of operations52
  7. Jun 30, 20268-K Executive or director change53
  8. Jun 30, 20268-K Executive or director change54
  9. Jun 17, 20268-K Other events55
  10. Apr 28, 20268-K Results of operations56
  11. Apr 15, 20268-K Shareholder vote57
  12. Mar 20, 20268-K Regulation FD disclosure58
  13. Feb 14, 2006New chief executive Norman L. Lowery becomes CEO18
  14. Mar 3, 1992Went public Listed on NASDAQ1
  15. 1834Founded Founded1

Calendar

Coming up

  1. Oct 27, 2026Reports results for the quarter ending Sep/2026 A year earlier it reported $1.75 a share, on Oct 28, 2025.59

When it reported results

  1. Jul 28, 2026Reported quarterly or annual results52
  2. Apr 28, 2026Reported quarterly or annual results56
  3. Feb 3, 2026Reported quarterly or annual results60
  4. Oct 28, 2025Reported quarterly or annual results61
  5. Jul 22, 2025Reported quarterly or annual results62
  6. Apr 22, 2025Reported quarterly or annual results63
  7. Feb 4, 2025Reported quarterly or annual results64
  8. Oct 22, 2024Reported quarterly or annual results65

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

Filings

266 filings to the SEC since October 2021: 5 annual reports, 15 quarterly reports, 76 major events, 119 insider forms, 12 large holders, 39 other. The latest 20:

  1. Oct 13, 202613F-HR EDGAR
  2. Sep 17, 20268-K EDGAR
  3. Sep 17, 20268-K EDGAR
  4. Sep 10, 2026425 EDGAR
  5. Sep 4, 20268-K EDGAR
  6. Aug 28, 2026425 EDGAR
  7. Aug 27, 20268-K/A EDGAR
  8. Aug 27, 20268-K EDGAR
  9. Aug 6, 202610-Q EDGAR
  10. Jul 28, 20268-K EDGAR
  11. Jul 17, 20264 EDGAR
  12. Jul 8, 2026N-PX EDGAR
  13. Jul 7, 202613F-HR EDGAR
  14. Jun 30, 20268-K EDGAR
  15. Jun 30, 20268-K EDGAR
  16. Jun 17, 20268-K EDGAR
  17. May 6, 202610-Q EDGAR
  18. Apr 28, 20268-K EDGAR
  19. Apr 15, 20268-K EDGAR
  20. Apr 7, 202613F-HR EDGAR

The 266 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

72 open-market trades by officers, directors and large owners since October 2021: 69 buys and 3 sales. Grants, option exercises and gifts are left out.

DateWhoTradeSharesPriceValueFiling
Jul 16, 2026McDonald James ODirectorBuy84$75.00$6.3KForm 4
Mar 2, 2026Franklin Mark AllenCHIEF LENDING OFFICERSale2,209$64.60$142.7KForm 4
Dec 4, 2025Jensen Susan MDirectorBuy28$60.23$1.7KForm 4
Oct 13, 2025McDonald James ODirectorBuy2,295$52.25$119.9KForm 4
Jun 10, 2025Jensen Susan MDirectorBuy148$56.89$8.4KForm 4
Jun 2, 2025Jensen Susan MDirectorBuy33$51.36$1.7KForm 4
May 6, 2025Jensen Susan MDirectorBuy33$50.11$1.7KForm 4
Apr 30, 2025Blade Mark Jason SrDirectorBuy202$49.09$9.9KForm 4
Apr 24, 2025Jensen Susan MDirectorBuy35$47.50$1.7KForm 4
Apr 24, 2025KRIEBLE WILLIAM RANDOLPHDirectorBuy440$48.09$21.2KForm 4
Mar 12, 2025Brighton William CurtisDirectorBuy2,000$48.99$98.0KForm 4
Mar 11, 2025McDonald James ODirectorBuy1,000$48.99$49.0KForm 4
Mar 6, 2025Jensen Susan MDirectorBuy33$49.42$1.6KForm 4
Feb 13, 2025McDonald James ODirectorBuy1,000$52.46$52.5KForm 4
Feb 12, 2025Franklin Mark AllenCHIEF LENDING OFFICERBuy1,100$52.53$57.8KForm 4
Feb 12, 2025Franklin Mark AllenCHIEF LENDING OFFICERSale1,100$51.71$56.9KForm 4
Feb 6, 2025Jensen Susan MDirectorBuy62$51.95$3.2KForm 4
Dec 5, 2024Jensen Susan MDirectorBuy34$49.76$1.7KForm 4
Nov 6, 2024Jensen Susan MDirectorBuy68$49.93$3.4KForm 4
Nov 4, 2024Blade Mark Jason SrDirectorBuy6$43.03$258Form 4

All 72 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
2025Norman D. Lowery,$675.4K$2.4M69
2025First Financial CorporationRodger A. McHargue$165.4K$885.3K69
2025Mark A. Franklin,$308.5K$598.9K69
2025Stephen P. Panagouleas,$59.5K$529.4K69
2024Chief Executive Officer,$650.0K$1.4M69
2024Chief Financial Officer,$145.3K$755.2K69
2024Chief Lending Officer,$296.9K$558.0K69
2024Chief Credit Officer,$50.7K$298.9K69
2023First Financial BankN.A. and$376.5K$1.1M69

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.1,646,928$127.5M0.0%+148,405
Dimensional Fund Advisors LP716,108$55.5M0.0%+3,756
First Financial Corp /in/631,112$48.9M16.9%−9,161
State Street Corp520,083$40.3M0.0%+55,640
Vanguard Capital Management LLC489,602$37.9M0.0%+11,515
Charles Schwab Investment Management Inc475,270$36.8M0.0%+46,894
American Century Companies Inc409,657$31.7M0.0%+38,166
Geode Capital Management, LLC310,955$24.1M0.0%+17,395
Vanguard Portfolio Management LLC295,528$22.9M0.0%+15,006
Aqr Capital Management LLC172,905$13.4M0.0%−47,988
Allspring Global Investments Holdings, LLC162,666$12.6M0.0%+28,295
Jpmorgan Chase & Co162,148$12.6M0.0%−16,093
Northern Trust Corp127,033$9.8M0.0%+5,632
Hotchkis & Wiley Capital Management LLC111,471$8.6M0.0%+200
Nuveen, LLC106,556$8.3M0.0%+4,273
Goldman Sachs Group Inc103,318$8.0M0.0%−59,016
Bridgeway Capital Management, LLC100,896$7.8M0.1%+3,640
Renaissance Technologies LLC92,873$7.2M0.0%−23,300
UBS Group AG85,517$6.6M0.0%−11,781
O'shaughnessy Asset Management, LLC85,314$6.6M0.0%+5,335
Two Sigma Investments, LP84,744$6.6M0.0%+36,979
Bank of New York Mellon Corp80,280$6.2M0.0%+2,184
Panagora Asset Management Inc79,900$6.2M0.0%−5,039
Vanguard Fiduciary Trust Co77,571$6.0M0.0%+234
Creative Planning75,066$5.8M0.0%+1,673

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

SEC filer profile

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

  • Name on EDGARFIRST FINANCIAL CORP /IN/2
  • CIK0000714562
  • Employer ID (EIN)35-154698917
  • Filer statusAccelerated filer not an emerging growth company; not a smaller reporting company; not a shell company17
  • Incorporated inIndiana17
  • Fiscal year endsDecember 312
  • Industry code (SIC)6022 State Commercial Banks2
  • SEC reviewing officeOffice of Finance, Division of Corporation Finance2
  • Business addressOne First Financial Plaza, Terre Haute, IN 478072
  • Phone(812) 238-60002
  • Shares outstanding11,891,896 as of Aug 1, 202614
  • Public float$584.2M as of Jun 30, 202517
  • AuditorCrowe LLP, Indianapolis, Indiana PCAOB ID 173; it also attests to the company’s internal control over financial reporting17
  • On EDGAR sinceMay 10, 19952
  • Filings1,004 in all: 4 (339), 8-K (265), 10-Q (95), 13F-HR (62), SC 13G/A (41), SC 13G (37), DEF 14A (30), 10-K (24)2
    All 34 form types

    3 (17), UPLOAD (13), 8-K/A (10), ARS (9), CORRESP (9), 10-K405 (7), 4/A (7), 425 (6), 5 (4), 10-Q/A (3), N-PX (3), PRE 14A (3), SCHEDULE 13G/A (3), DEFA14A (2), DEFR14A (2), S-4 (2), S-4/A (2), 10-K/A (1), 10-K405/A (1), 13F-HR/A (1), 3/A (1), 424B3 (1), 8-A12G (1), EFFECT (1), NT 10-Q (1), S-8 (1)

  • Latest filingsAnnual report (10-K) Mar 4, 2026
    Quarterly report (10-Q) Aug 6, 2026
    Proxy statement (DEF 14A) Mar 17, 2026
    Latest 8-K (8-K) Sep 17, 2026

Securities registered for trading

ClassSymbolExchange
Common Stock, par value $0.125 per shareTHFFThe NASDAQ Stock Market LLC

From the cover page of the 10-K filed Mar 4, 2026 (Section 12(b) of the Exchange Act).17

Risk factors and legal proceedings

The risks First Financial Bank names in Item 1A of its 10-K filed Mar 4, 2026: 45 risks under these headings, as written.17

  • Risks Related to Economic and Market Conditions
  • Economic conditions have affected and could adversely affect our revenue and profits.
  • Changes in interest rates could adversely affect the Corporation’s results of operations and financial condition.
  • Continued elevated levels of inflation could adversely impact our business and results of operations.
  • Geographic concentration of the Corporation’s markets makes our business highly susceptible to local economic conditions and a downturn in local economic conditions may adversely affect our business.
  • Labor shortages and the loss of one or more of those key personnel may materially and adversely affect our business.
  • Unrelated bank failures, other issues of unrelated banks, and decreased depositor confidence in depository institutions could negatively impact our stock price and we may experience a material adverse effect on our financial condition and results of operations.
  • Terrorist attacks, threats, or actual war, natural disasters, global climate change, pandemics, other catastrophic events, trade policies, civil unrest, protests, and other global and domestic conflicts may impact all aspects of our operations, revenues, costs, and stock price in unpredictable ways.
  • Risks Related to Our Business
  • The Corporation operates in a highly competitive industry and market, and our business will suffer if we are unable to compete effectively.
  • A lack of liquidity could affect our operations and jeopardize our financial condition.
  • When we loan money, commit to loan money, or enter into a letter of credit or other contract with a counterparty, we incur credit risk, or the risk of loss if our borrowers do not repay their loans or our counterparties fail to perform according to the terms of their contracts.
The other 35 risks
  • The Corporation has significant exposure to risks associated with commercial and commercial real estate loans.
  • The information that we use in managing our credit risk may be inaccurate or incomplete, which may result in an increased risk of default and otherwise have an adverse effect on our business, results of operations, and financial condition.
  • Decreased demand from secondary market purchasers of the Corporation’s long-term fixed residential mortgages could adversely affect our business, liquidity, results of operations, and financial condition.
  • The Corporation’s accounting estimates and risk management processes rely on analytical and forecasting models, which, if inadequate, may result in a material adverse effect on our business, financial condition, or results of operation.
  • We are a community bank and our ability to maintain our reputation is critical to the success of our business.
  • Our operational systems and networks are subject to an increasing risk of continually evolving cybersecurity or other technological risks, which could result in a loss of customer business, financial liability, regulatory penalties, damage to our reputation, or the disclosure of confidential information.
  • We rely on external vendors, which could expose the Corporation to additional operational risks.
  • New lines of business or new products and services may subject the Corporation to additional risks.
  • The financial services industry is characterized by rapid technological change, and if we fail to keep pace, our business may suffer.
  • The increased prevalence, use and development of AI may subject the Corporation to increased regulatory risk, reputational risk, and may have material adverse effects on the Corporation’s business, financial condition, and results of operations.
  • The Corporation’s implementation of AI tools may subject the Corporation to increased regulatory risk, reputational risk and may have material adverse effects on the Corporation’s business, financial condition, and results of operations.
  • The Corporation’s controls and procedures may fail or be circumvented, and the Corporation’s methods of reducing risk exposure may not be effective.
  • The Corporation may foreclose on collateral property and would be subject to the increased costs associated with ownership of real property, resulting in reduced revenues and earnings.
  • Accounting policies require management to make estimate about uncertain matters.
  • Changes in our accounting policies or in accounting standards could materially affect how we report our financial results and condition.
  • The Corporation’s earnings may be adversely impacted due to environmental liabilities associated with lending activities.
  • The Corporation may be adversely affected by the soundness of other financial institutions.
  • The Corporation may become subject to claims and litigation pertaining to intellectual property.
  • Changes in consumer use of banks and changes in consumer spending and savings habits could adversely affect the Corporation’s financial results.
  • Potential acquisitions may disrupt the Corporation’s business and dilute shareholder value.
  • Future growth or operating results may require the Corporation to raise additional capital, but that capital may not be available or it may be dilutive.
  • The value of the Corporation’s goodwill and other intangible assets may decline in the future.
  • The Corporation relies on dividends from its subsidiaries for most of its revenue.
  • Risks Related to the Legal and Regulatory Environment
  • We operate in a highly regulated environment and the regulatory framework to which we are subject may adversely affect our results of operations.
  • Anticipated changes in leadership at the Federal Reserve may impact regulations and government policy applicable to us.
  • Legislative and regulatory actions taken now or in the future may increase our costs and impact our business, regulatory structure, financial condition, and/or results of operations.
  • Changes in federal, local, or state tax laws could negatively impact our financial condition.
  • The Basel III capital rules may require us to retain higher capital levels, impacting our ability to pay dividends, repurchase our stock, or pay discretionary bonuses.
  • We face a risk of noncompliance and enforcement action with the Bank Secrecy Act and other anti-money laundering statutes and regulations.
  • Higher FDIC deposit insurance premiums and assessments could adversely affect our financial condition.
  • We have risk related to legal proceedings.
  • Risks Related to the Corporation’s Common Stock
  • The Corporation may not be able to pay dividends in the future in accordance with past practice.
  • The price of the Corporation’s common stock may be volatile, which may result in losses for investors.
  • Future capital needs could result in dilution of shareholder investment.
  • Anti-takeover laws and charter provisions may adversely affect the value of our common stock.

Sources

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