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Cross River Bank Cross River is an American financial services organization that provides technology infrastructure to fintech and technology companies. Based in Fort Lee, New Jersey, Cross River services its clients with embedded payments, cards, lending, and cryptocurrency solutions, and is an FDIC member.
American Express American Express Company (Amex) is an American multinational corporation specialized in payment card services headquartered at 200 Vesey Street in the Battery Park City neighborhood of Lower Manhattan in New York City. The company was founded in 1850 and is one of the 30 components of the Dow Jones Industrial Average.
West Bank The West Bank (Arabic: الضفة الغربية, romanized: aḍ-Ḍiffah al-Ġarbiyyah; Hebrew: הגדה המערבית, romanized: HaGadah HaMaʽaravit), also referred to by some Israelis as Judea and Samaria (יהודה ושומרון, Yehuda VeShomron), is a landlocked territory near the coast of the Mediterranean in Western Asia. It is bordered by Jordan and the Dead Sea to the east and by Israel (see Green Line) to the south, west, and north.
American River The American River (Spanish: Río de los Americanos) is a 30-mile (50 km)-long river in California that runs from the Sierra Nevada mountain range to its confluence with the Sacramento River in downtown Sacramento. Via the Sacramento River, it is part of the San Francisco Bay watershed.
Yellow Bank River The Yellow Bank River is a 12.0-mile-long (19.3 km) tributary of the Minnesota River in western Minnesota in the United States. It is formed by the confluence of two longer streams, the North Fork Yellow Bank River and the South Fork Yellow Bank River, which also flow in northeastern South Dakota.
Operation Mincemeat Operation Mincemeat was a successful British deception operation of the Second World War to disguise the 1943 Allied invasion of Sicily. Two members of British intelligence obtained the body of Glyndwr Michael, a tramp who died from eating rat poison, dressed him as an officer of the Royal Marines and placed personal items on him identifying him as the fictitious Captain (Acting Major) William Martin.
Financial statement Financial statements (or financial reports) are formal records of the financial activities and position of a business, person, or other entity.\nRelevant financial information is presented in a structured manner and in a form which is easy to understand.
Financial crisis of 2007–2008 The financial crisis of 2008, or Global Financial Crisis, was a severe worldwide economic crisis that occurred in the early 21st century. It was the most serious financial crisis since the Great Depression (1929).
CAMELS rating system The CELS ratings or CAMELS rating is a supervisory rating system originally developed in the U.S. to classify a bank's overall condition. It is applied to every bank and credit union in the U.S. and is also implemented outside the U.S. by various banking supervisory regulators.
Byline Bank Byline Bank is a bank headquartered in Chicago. It is the primary subsidiary of Byline Bancorp, Inc., a bank holding company.
Eastern Bank Eastern Bank is a bank based in Boston, Massachusetts. Before de-mutualizing in 2020, it was the oldest and largest mutual bank in the United States and the largest community bank in Massachusetts.
Derivative (finance) In finance, a derivative is a contract that derives its value from the performance of an underlying entity. This underlying entity can be an asset, index, or interest rate, and is often simply called the "underlying".
Payday loan A payday loan (also called a payday advance, salary loan, payroll loan, small dollar loan, short term, or cash advance loan) is a short-term unsecured loan, often characterized by high interest rates.\nThe term "payday" in payday loan refers to when a borrower writes a postdated check to the lender for the payday salary, but receives part of that payday sum in immediate cash from the lender.
Comparison of DNS blacklists The following table lists technical information for assumed reputable DNS blacklists used for blocking spam.\n\n\n== Notes ==\n"Collateral listings"—Deliberately listing non-offending IP addresses, in order to coerce ISPs to take action against spammers under their control.
Complication (medicine) A complication in medicine, or medical complication, is an unfavorable result of a disease, health condition, or treatment. Complications may adversely affect the prognosis, or outcome, of a disease.
Anthropogenic hazard Anthropogenic hazards are hazards caused by human action or inaction. They are contrasted with natural hazards.
Disparate impact Disparate impact in United States labor law refers to practices in employment, housing, and other areas that adversely affect one group of people of a protected characteristic more than another, even though rules applied by employers or landlords are formally neutral. Although the protected classes vary by statute, most federal civil rights laws protect based on race, color, religion, national origin, and sex as protected traits, and some laws include disability status and other traits as well.
Good Environmental Status Good Environmental Status is a qualitative description of the state of the seas that the European Union's Marine Strategy Framework Directive requires its Member States to achieve or maintain by the year 2020. \nGood Environmental Status is described by 11 Descriptors:\n\nDescriptor 1.
Competition Competition is a rivalry where two or more parties strive for a common goal which cannot be shared: where one's gain is the other's loss (an example of which is a zero-sum game). Competition can arise between entities such as organisms, individuals, economic and social groups, etc.
Online banking Online banking, also known as internet banking, web banking or home banking, is an electronic payment system that enables customers of a bank or other financial institution to conduct a range of financial transactions through the financial institution's website. The online banking system will typically connect to or be part of the core banking system operated by a bank to provide customers access to banking services in place of traditional branch banking.
List of California wildfires This is a partial and incomplete list of California wildfires. California has dry, windy, and often hot weather conditions from spring through late autumn that can produce moderate to severe wildfires.
Competitor analysis Competitive analysis in marketing and strategic management is an assessment of the strengths and weaknesses of current and potential competitors. This analysis provides both an offensive and defensive strategic context to identify opportunities and threats.
Form 10-K A Form 10-K is an annual report required by the U.S. Securities and Exchange Commission (SEC), that gives a comprehensive summary of a company's financial performance. Although similarly named, the annual report on Form 10-K is distinct from the often glossy "annual report to shareholders," which a company must send to its shareholders when it holds an annual meeting to elect directors (though some companies combine the annual report and the 10-K into one document).
Federal takeover of Fannie Mae and Freddie Mac In September 2008 the Federal Housing Finance Agency (FHFA) announced that it would take over the Federal National Mortgage Association (Fannie Mae) and the Federal Home Loan Mortgage Corporation (Freddie Mac). Both government-sponsored enterprises, which finance home mortgages in the United States by issuing bonds, had become illiquid as the market for those bonds collapsed in the subprime mortgage crisis.
Atlantic salmon The Atlantic salmon (Salmo salar) is a species of ray-finned fish in the family Salmonidae. It is the 3rd largest of the Salmonidae, behind Siberian Taimen and Pacific Chinook Salmon, growing up to a meter in length.
Ethics of terraforming The ethics of terraforming has constituted a philosophical debate within biology, ecology, and environmental ethics as to whether terraforming other worlds is an ethical endeavor.\n\n\n== Support ==\nOn the pro-terraforming side of the argument, there are those like Robert Zubrin and Richard L. S. Taylor who believe that it is humanity's moral obligation to make other worlds suitable for Terran life, as a continuation of the history of life transforming the environments around it on Earth.
2045 Initiative The 2045 Initiative is a nonprofit organization that develops a network and community of researchers in the field of life extension, focusing on combining brain emulation and robotics to create forms of cyborgs. It was founded by Russian entrepreneur Dmitry Itskov in February 2011 with the participation of Russian specialists in the field of neural interfaces, robotics, artificial organs and systems.
Push–pull agricultural pest management Push–pull technology is an intercropping strategy for controlling agricultural pests by using repellent "push" plants and trap "pull" plants. For example, cereal crops like maize or sorghum are often infested by stem borers.
Great Recession The Great Recession was a period of marked general decline (recession) observed in national economies globally that occurred between 2007 and 2009. The scale and timing of the recession varied from country to country (see map).
Post-2008 Irish economic downturn The post-2008 Irish economic downturn in the Republic of Ireland, coincided with a series of banking scandals, followed the 1990s and 2000s Celtic Tiger period of rapid real economic growth fuelled by foreign direct investment, a subsequent property bubble which rendered the real economy uncompetitive, and an expansion in bank lending in the early 2000s. An initial slowdown in economic growth amid the international financial crisis of 2007–2008 greatly intensified in late 2008 and the country fell into recession for the first time since the 1980s.
2019–present Sri Lankan economic crisis The Sri Lankan economic crisis is an ongoing crisis in the island-state of Sri Lanka that started in 2019. It is the country's worst economic crisis since its independence in 1948.
Great Depression The Great Depression was a severe worldwide economic depression between 1929 and 1939 that began after a major fall in stock prices in the United States. The economic contagion began around September 4, 1929, and became known worldwide on Black Tuesday, the stock market crash of October 29, 1929.
Real estate investing Real estate investing involves the purchase, management and sale or rental of real estate for profit. Improvement of realty property as part of a real estate investment strategy is generally considered to be a sub-specialty of real estate investing called real estate development.
Allowance for Loan and Lease Losses In banking, the Allowance for Loan and Lease Losses (ALLL), formerly known as the reserve for bad debts, is a calculated reserve that financial institutions establish in relation to the estimated credit risk within the institution's assets. This credit risk represents the charge-offs that will most likely be realized against an institution's operating income as of the financial statement end date.
Lease A lease is a contractual arrangement calling for the user (referred to as the lessee) to pay the owner (the lessor) for use of an asset. Property, buildings and vehicles are common assets that are leased.
List of aircraft losses during the Russo-Ukrainian War This is a list of Ukrainian, Russian and Russian-separatist aircraft losses during the Russo-Ukrainian War, including the War in Donbas and the 2022 Russian invasion of Ukraine.\n\n\n== Donbas War ==\nDuring the Donbas War, on 20 November 2014, Ukrainian sources reported at a conference in London, United Kingdom, that the total Ukrainian aerial losses during the conflict in the east were: one Su-24, six Su-25s, two MiG-29s, one An-26, one An-30 and one Il-76.
Risk Factors
AMERICAN RIVER BANKSHARES Item 1A Risk Factors 16 Item 1A Risk Factors
The Company and its subsidiary, American River Bank, conduct business in an environment that includes certain risks described below which could have a material adverse effect on the Companyapstas business, results of operations, financial condition, future prospects and stock price
You are also referred to the matters described under the heading &quote Cautionary Statements Regarding Forward-Looking Statements, &quote for additional information regarding factors that may affect the Companyapstas business
o American River Bankshares &apos business is subject to interest rate risk, and variations in interest rates may negatively affect its financial performance
Changes in the interest rate environment may reduce the Companyapstas net interest income
It is expected that the Company will continue to realize income from the differential or &quote spread &quote between the interest earned on loans, securities and other interest-earning assets, and interest paid on deposits, borrowings and other interest-bearing liabilities
Net interest spreads are affected by the difference between the maturities and repricing characteristics of interest-earning assets and interest-bearing liabilities
In addition, loan volume and yields are affected by market interest rates on loans, and rising interest rates generally are associated with a lower volume of loan originations
In addition, an increase in the general level of interest rates may adversely affect the ability of certain borrowers to pay the interest on and principal of their obligations
Accordingly, changes in levels of market interest rates could materially and adversely affect the Companyapstas net interest spread, asset quality, loan origination volume and overall profitability
16 o American River Bankshares &apos subsidiary, American River Bank, faces strong competition from financial service companies and other companies that offer banking services, which can hurt American River Bankshares &apos business
The Companyapstas subsidiary, American River Bank, conducts banking operations principally in Northern California
Increased competition in American River Bankapstas market may result in reduced loans and deposits
Ultimately, it may not be able to compete successfully against current and future competitors
Many competitors offer the banking services that are offered by American River Bank in its service area
These competitors include national and super-regional banks, finance companies, investment banking and brokerage firms, credit unions, government-assisted farm credit programs, other community banks and technology-oriented financial institutions offering online services
In particular, American River Bankapstas competitors include several major financial companies whose greater resources may afford them a marketplace advantage by enabling them to maintain numerous banking locations and mount extensive promotional and advertising campaigns
Additionally, banks and other financial institutions with larger capitalization and financial intermediaries not subject to bank regulatory restrictions have larger lending limits and are thereby able to serve the credit needs of larger customers
Areas of competition include interest rates for loans and deposits, efforts to obtain deposits, and range and quality of products and services provided, including new technology-driven products and services
Technological innovation continues to contribute to greater competition in domestic and international financial services markets as technological advances, such as Internet-based banking services that cross traditional geographic bounds, enable more companies to provide financial services
If American River Bank is unable to attract and retain banking customers, it may be unable to continue its loan growth and level of deposits, which may adversely affect its and the Companyapstas results of operations, financial condition and future prospects
o Changes in economic conditions could result in an economic downturn in Northern California which could adversely affect American River Bankshares &apos business
The Companyapstas business is directly affected by factors such as economic, political and market conditions, broad trends in industry and finance, legislative and regulatory changes, changes in government monetary and fiscal policies and inflation, all of which are beyond the Companyapstas control
A deterioration in economic conditions locally, regionally or nationally including as the result of terrorist activities within and outside California could result in an economic downturn in Northern California and trigger the following consequences, any of which could adversely affect the Companyapstas business: o loan delinquencies and defaults may increase; o problem assets and foreclosures may increase; o demand for the Companyapstas products and services may decline; o low cost or non-interest bearing deposits may decrease; and o collateral for loans may decline in value, in turn reducing customers &apos borrowing power, and reducing the value of assets and collateral as sources of repayment of existing loans
o American River Bankshares has a concentration risk in real estate related loans
At December 31, 2005, approximately 71dtta5prca of the Companyapstas loan and lease portfolio consisted of real estate related loans
Substantially all of the Companyapstas real property collateral is located in its operating markets in Northern California
A substantial decline in real estate values in the Companyapstas primary market areas could occur as a result of an economic downturn, or other events including natural disasters such as earthquakes, fires, and floods
Such a decline in values could have an adverse impact on the Company by limiting repayment of defaulted loans through sale of the real estate collateral and by likely increasing the number of defaulted loans to the extent that the financial condition of its borrowers is adversely affected by such a decline in values
Those events could necessitate a significant increase in the provision for loan and lease losses which could adversely affect the Companyapstas results of operations, financial condition, and future prospects
17 o American River Bankshares is subject to extensive regulation, which could adversely affect its business
The Companyapstas operations are subject to extensive regulation by state and local governmental authorities and are subject to various laws and judicial and administrative decisions imposing requirements and restrictions on part or all of its operations
The Company believes that it is in substantial compliance in all material respects with laws, rules and regulations applicable to the conduct of its business
Because the Companyapstas business is highly regulated, the laws, rules and regulations applicable to it are subject to regular modification and change
There can be no assurance that these laws, rules and regulations, or any other laws, rules or regulations, will not be adopted in the future, which could make compliance much more difficult or expensive, restrict the Companyapstas ability to originate, broker or sell loans, further limit or restrict the amount of commissions, interest or other charges earned on loans originated or sold by the Company, or otherwise adversely affect the Companyapstas results of operations, financial condition, or future prospects
o American River Bankapstas allowance for loan and lease losses may not be adequate to cover actual losses
Like all financial institutions, American River Bank maintains an allowance for loan and lease losses to provide for loan defaults and non-performance, but its allowance for loan and lease losses may not be adequate to cover actual loan and lease losses
In addition, future provisions for loan and lease losses could materially and adversely affect American River Bankapstas and therefore the Companyapstas operating results
American River Bankapstas allowance for loan and lease losses is based on prior experience, as well as an evaluation of the risks in the current portfolio
The amount of future losses is susceptible to changes in economic, operating and other conditions, including changes in interest rates that may be beyond American River Bankapstas control, and these losses may exceed current estimates
Federal regulatory agencies, as an integral part of their examination process, review American River Bankapstas loans and leases and allowance for loan and lease losses
Although we believe that American River Bankapstas allowance for loan and lease losses is adequate to cover current losses, we cannot assure you that it will not further increase the allowance for loan and lease losses or that regulators will not require it to increase this allowance
Either of these occurrences could materially and adversely affect the Companyapstas earnings