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Wiki Wiki Summary
Inflation An infection is the invasion of an organism's body tissues by pathogens, their multiplication, and the reaction of host tissues to the infectious agents and the toxins they produce. An infectious disease, also known as a transmissible disease or communicable disease, is an illness resulting from an infection.
Financial institution Financial institutions, sometimes called banking institutions, are business entities that provide services as intermediaries for different types of financial monetary transactions. Broadly speaking, there are three major types of financial institutions:\nDepository institutions – deposit-taking institutions that accept and manage deposits and make loans, including banks, building societies, credit unions, trust companies, and mortgage loan companies;\nContractual institutions – insurance companies and pension funds\nInvestment institutions – investment banks, underwriters, and other different types of financial entities managing investments.Financial institutions can be distinguished broadly into two categories according to ownership structure:\n\nCommercial banks\nCooperative banksSome experts see a trend toward homogenisation of financial institutions, meaning a tendency to invest in similar areas and have similar business strategies.
International financial institutions An international financial institution (IFI) is a financial institution that has been established (or chartered) by more than one country, and hence is subject to international law. Its owners or shareholders are generally national governments, although other international institutions and other organizations occasionally figure as shareholders.
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).
Monetary Financial Institutions Monetary Financial Institutions (MFIs), as in a definition provided by the European Central Bank, are defined as central banks, resident credit institutions as defined in Community Law, and other resident financial institutions whose business is to take deposits or close substitutes for deposits from entities other than MFIs and, for their own account (at least in economic terms), to grant credits and/or make investments in securities. Money market funds are also classified as MFIs.
Federal Financial Institutions Examination Council The Federal Financial Institutions Examination Council (FFIEC) is a formal U.S. government interagency body composed of five banking regulators that is "empowered to prescribe uniform principles, standards, and report forms to promote uniformity in the supervision of financial institutions". It also oversees real estate appraisal in the United States.
Systemically important financial institution A systemically important financial institution (SIFI) is a bank, insurance company, or other financial institution whose failure might trigger a financial crisis. They are colloquially referred to as "too big to fail".As the financial crisis of 2007–2008 unfolded, the international community moved to protect the global financial system through preventing the failure of SIFIs, or, if one does fail, limiting the adverse effects of its failure.
Selective Service System The Selective Service System (SSS) is an independent agency of the United States government that maintains information on citizens potentially subject to military conscription (i.e., the draft) and carries out contingency planning and preparations for two types of draft: a general draft based on registration lists of men aged 18–25, and a special-skills draft based on professional licensing lists of workers in specified health care occupations. In the event of either type of draft, the Selective Service System would send out induction notices, adjudicate claims for deferments or exemptions, and assign draftees classified as conscientious objectors to alternative service work.
Domain name A domain name is a string that identifies a realm of administrative autonomy, authority or control within the Internet. Domain names are used in various networking contexts and for application-specific naming and addressing purposes.
Subsidiary A subsidiary, subsidiary company or daughter company is a company owned or controlled by another company, which is called the parent company or holding company. Two or more subsidiaries that belong to the same parent company are called sister companies.
Subsidiary alliance A subsidiary alliance, in South Asian history, was a tributary alliance between an Indian state and a European East India Company. The system of subsidiary alliances was pioneered by the French East India Company governor Joseph François Dupleix, who in the late 1740s established treaties with the Nizam of Hyderabad, India, and other Indian princes in the Carnatic.It stated that the Indian rulers who formed a treaty with the British would be provided with protection against any external attacks in place that the rulers were (a) required to keep the British army at the capitals of their states (b)they were either to give either money or some territory to the company for the maintenance of the British troops (c) they were to turn out from their states all non-english europeans whether they were employed in the army or in the civil service and (d)they had to keep a British official called 'resident' at the capital of their respective states who would oversee all the negotiations and talks with the other states which meant that the rulers were to have no direct correspondence or relations with the other states .
List of Gazprom subsidiaries Russian energy company Gazprom has several hundred subsidiaries and affiliated companies owned and controlled directly or indirectly. The subsidiaries and affiliated companies are listed by country.
Subsidiary right A subsidiary right (also called a subright or sub-lease) is the right to produce or publish a product in different formats based on the original material. Subsidiary rights are common in the publishing and entertainment industries, in which subsidiary rights are granted by the author to an agent, publisher, newspaper, or film studio.
Law of obligations The law of obligations is one branch of private law under the civil law legal system and so-called "mixed" legal systems. It is the body of rules that organizes and regulates the rights and duties arising between individuals.
Deontology In moral philosophy, deontological ethics or deontology (from Greek: δέον, 'obligation, duty' + λόγος, 'study') is the normative ethical theory that the morality of an action should be based on whether that action itself is right or wrong under a series of rules, rather than based on the consequences of the action. It is sometimes described as duty-, obligation-, or rule-based ethics.
Positive obligations Positive obligations in human rights law denote a State's obligation to engage in an activity to secure the effective enjoyment of a fundamental right, as opposed to the classical negative obligation to merely abstain from human rights violations.\nClassical human rights, such as the right to life or freedom of expression, are formulated or understood as prohibitions for the State to act in a way that would violate these rights.
Special Activities Center The Special Activities Center (SAC) is a division of the Central Intelligence Agency responsible for covert operations and paramilitary operations. The unit was named Special Activities Division (SAD) prior to 2015.
Operations management Operations management is an area of management concerned with designing and controlling the process of production and redesigning business operations in the production of goods or services. It involves the responsibility of ensuring that business operations are efficient in terms of using as few resources as needed and effective in meeting customer requirements.
Bitwise operation In computer programming, a bitwise operation operates on a bit string, a bit array or a binary numeral (considered as a bit string) at the level of its individual bits. It is a fast and simple action, basic to the higher-level arithmetic operations and directly supported by the processor.
Operations director The role of operations director generally encompasses the oversight of operational aspects of company strategy with responsibilities to ensure operation information is supplied to the chief executive and the board of directors as well as external parties.\n\n\n== Description ==\nThe role of operations director can vary according to the size of a company, and at some companies many even encompass some or all the functions of a chief operating officer.The Institute of Directors of the United Kingdom defines the role as overseeing "all operational aspects of company strategy" and "responsible for the flow of operations information to the chief executive, the board and, where necessary, external parties such as investors or financial institutions".
Bankruptcy Bankruptcy is a legal process through which people or other entities who cannot repay debts to creditors may seek relief from some or all of their debts. In most jurisdictions, bankruptcy is imposed by a court order, often initiated by the debtor.
Species affected by poaching Species affected by poaching refers both to the effects of illegal hunting and fishing or capturing of wild animals on certain species, and, in a recent usage, the illegal harvesting of wild plant species. The article provides an overview of species currently endangered or impaired by poaching in the Americas, sub-Saharan Africa, and South-East Asia.
Les Précieuses ridicules Les Précieuses ridicules (French pronunciation: ​[le pʁesjøz ʁidikyl], The Absurd Précieuses or The Affected Ladies) is a one-act satire by Molière in prose. It takes aim at the précieuses, the ultra-witty ladies who indulged in lively conversations, word games and, in a word, préciosité (preciousness).
Interest In finance and economics, interest is payment from a borrower or deposit-taking financial institution to a lender or depositor of an amount above repayment of the principal sum (that is, the amount borrowed), at a particular rate. It is distinct from a fee which the borrower may pay the lender or some third party.
Loan A man is an adult male human. Prior to adulthood, a male human is referred to as a boy (a male child or adolescent).
Reverse mortgage A reverse mortgage is a mortgage loan, usually secured by a residential property, that enables the borrower to access the unencumbered value of the property. The loans are typically promoted to older homeowners and typically do not require monthly mortgage payments.
Mortgage-backed security A mortgage-backed security (MBS) is a type of asset-backed security (an 'instrument') which is secured by a mortgage or collection of mortgages. The mortgages are aggregated and sold to a group of individuals (a government agency or investment bank) that securitizes, or packages, the loans together into a security that investors can buy.
Savings and loan crisis The savings and loan crisis of the 1980s and 1990s (commonly dubbed the S&L crisis) was the failure of 1,043 out of the 3,234 savings and loan associations (S&Ls) in the United States from 1986 to 1995. An S&L or "thrift" is a financial institution that accepts savings deposits and makes mortgage, car and other personal loans to individual members (a cooperative venture known in the United Kingdom as a building society).
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.
Balance sheet In financial accounting, a balance sheet (also known as statement of financial position or statement of financial condition) is a summary of the financial balances of an individual or organization, whether it be a sole proprietorship, a business partnership, a corporation, private limited company or other organization such as government or not-for-profit entity. Assets, liabilities and ownership equity are listed as of a specific date, such as the end of its financial year.
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 analysis Financial analysis (also referred to as financial statement analysis or accounting analysis or Analysis of finance) refers to an assessment of the viability, stability, and profitability of a business, sub-business or project. \nIt is performed by professionals who prepare reports using ratios and other techniques, that make use of information taken from financial statements and other reports.
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).
Student loan A student loan is a type of loan designed to help students pay for post-secondary education and the associated fees, such as tuition, books and supplies, and living expenses. It may differ from other types of loans in the fact that the interest rate may be substantially lower and the repayment schedule may be deferred while the student is still in school.
Credit Bank of Moscow Credit Bank of Moscow (Russian: Московский кредитный банк) is a Russian bank founded in 1992 and operating in Moscow and Moscow Oblast. \nIn 2008-2015 the Moscow Credit Bank raised from 66 to 12 place by assets in Russian bank rating.
Citizens Bank of Northern California Citizens Bank of Northern California, locally known as Citizens Bank, was a community bank headquartered in Nevada City, California. The bank served Nevada and Placer counties with seven full-service branches located in: Nevada City, Grass Valley, Penn Valley, Lake of the Pines, Truckee, and Auburn.
Citizenship of the United States Citizenship of the United States is a legal status that entails Americans with specific rights, duties, protections, and benefits in the United States. It serves as a foundation of fundamental rights derived from and protected by the Constitution and laws of the United States, such as freedom of expression, due process, the rights to vote (however, not all citizens have the right to vote in all federal elections, for example, those living in Puerto Rico), live and work in the United States, and to receive federal assistance.
Risk Factors
FARMERS CAPITAL BANK CORP Item 1A Risk Factors Risks associated with unpredictable economic and political conditions may be amplified as a result of limited market area Commercial banks and other financial institutions are affected by economic and political conditions, both domestic and international, and by governmental monetary policies
Conditions such as inflation, value of the dollar, recession, unemployment, high interest rates, short money supply, scarce natural resources, international disorders, terrorism and other factors beyond our control may adversely affect profitability
In addition, almost all of the Registrant’s primary business area is located in Central and Northern Kentucky
A significant downturn in this regional economy may result in, among other things, deterioration in Farmers Capital’s credit quality or a reduced demand for credit and may harm the financial stability of the Registrant’s customers
Due to the Registrant’s regional market area, these negative conditions may have a more noticeable effect on the Registrant than would be experienced by an institution with a larger, more diverse market area
The Registrant’s status as a holding company makes it dependent on dividends from its subsidiaries to meet its obligations The Registrant is a financial holding company and conducts almost all of its operations through its subsidiaries
The Registrant does not have any significant assets other than cash, company-owned life insurance and the stock of its subsidiaries
Accordingly, the Registrant depends on dividends from its subsidiaries to meet its obligations and obtain revenue
The Registrant’s right to participate in any distribution of earnings or assets of its subsidiaries is subject to the prior claims of creditors of such subsidiaries
Under federal and state law, the Registrant’s bank subsidiaries are limited in the amount of dividends they may pay to the Registrant without prior regulatory approval
Also, bank regulators have the authority to prohibit the subsidiary banks from paying dividends if the bank regulators determine the payment would be an unsafe and unsound banking practice
Interest rate volatility could significantly harm the Registrant’s business The Registrant’s results of operations are affected by the monetary and fiscal policies of the federal government and the regulatory policies of governmental authorities
A significant component of the Registrant’s earnings is its net interest income, which is the difference between the income from interest-earning assets, such as loans, and the expense of interest-bearing liabilities, such as deposits
A change in market interest rates could adversely affect the Registrant’s earnings if market interest rates change such that the interest the Registrant’s subsidiaries pay on deposits and borrowings increases faster than the interest they collect on loans and investments
Consequently, the Registrant, along with other financial institutions generally, is sensitive to interest rate fluctuations
The Registrant’s results of operations are significantly affected by the ability of its borrowers to repay their loans Lending money is an essential part of the banking business
However, borrowers do not always repay their loans
The risk of non-payment is affected by: o credit risks of a particular borrower; o changes in economic and industry conditions; o the duration of the loan; and o in the case of a collateralized loan, uncertainties as to the future value of the collateral
Due to the fact that the outstanding principal balances can be larger for commercial loans than other types of loans, such loans present a greater risk to the Registrant than other types of loans when non-payment by a borrower occurs
In addition, consumer loans typically have shorter terms and lower balances with higher yields compared to real estate mortgage loans, but generally carry higher risks of frequency of default than real estate mortgage and commercial loans
Consumer loan collections are dependent on the borrower’s continuing financial stability, and thus are more likely to be affected by adverse personal circumstances
Furthermore, the application of various federal and state laws, including bankruptcy and insolvency laws, may limit the amount that can be recovered on these loans
The Registrant’s financial condition and results of operations would be adversely affected if its allowance for loan losses were not sufficient to absorb actual losses There is no precise method of predicting loan losses
The Registrant can give no assurance that the allowance for loan losses of its subsidiaries is or will be sufficient to absorb actual loan losses
Excess loan losses could have a material adverse effect on the Registrant’s financial condition and results of operations
Each of the Registrant’s subsidiary banks attempts to maintain an appropriate allowance for loan losses to provide for estimated losses in its loan portfolio, but there are no guaranties actual future loan losses will not exceed these estimates and allowances
Each subsidiary bank of the Registrant periodically determines the amount of its allowance for loan losses based upon consideration of several factors, including: o a regular review of the quality, mix and size of the overall loan portfolio; o historical loan loss experience; o evaluation of non-performing loans; o assessment of economic conditions and their effects on the bankapstas existing portfolio; and o the amount and quality of collateral, including guarantees, securing loans
Combining Citizens Northern with the Registrant’s network of banks may be more difficult, costly or time-consuming than we expect Citizens Northern will continue to operate as an independent bank, albeit within the network of the Registrant’s existing banking subsidiaries
Bringing Citizens Northern within this network will involve converting its data processing function from its current third-party provider (and terminating the contract of Citizens Northern with such third-party provider) to the Registrant’s subsidiary, FCB Services, changing some of the policies and procedures in place at Citizens Northern and other integration issues
It is possible that the integration process could result in the loss of key employees or disruption of each company’s ongoing business or inconsistencies in standards, procedures and policies that would adversely affect our ability to maintain relationships with clients and employees or to achieve the anticipated benefits of the merger
If we have difficulties with the integration process, we might not achieve the economic benefits we expect to result from the acquisition
As with any merger of banking institutions, there also may be business disruptions that cause Citizens Northern to lose customers or cause customers to take their deposits out of the bank and move their business to other financial institutions
Inability to hire or retain certain key professionals, management and staff could adversely affect our revenues and net income The Registrant relies on key personnel to manage and operate its business, including major revenue generating functions such as its loan and deposit portfolios
The loss of key staff may adversely affect the Registrant’s ability to maintain and manage these portfolios effectively, which could negatively affect our revenues
In addition, loss of key personnel could result in increased recruiting and hiring expenses, which could cause a decrease in our net income