| Industries |
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| Investment Banking and Brokerage |
| Asset Management and Custody Banks |
| Commercial and Professional Services |
| Diversified Commercial Services |
| Exposures |
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| Provide |
| Military |
| Express intent |
| Economic |
| Political reform |
| Judicial |
| Event Codes |
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| Military blockade |
| Accident |
| Solicit support |
| Yield |
| Adjust |
| Yield to order |
| Consult |
| Promise |
| Human death |
| Riot |
| Sports contest |
| Wiki | Wiki Summary |
|---|---|
| Management | Management (or managing) is the administration of an organization, whether it is a business, a non-profit organization, or a government body. It is the art and science of managing resources of the business. |
| Agile management | Agile management is the application of the principles of Agile software development to various management processes, particularly project management. Following the appearance of the Manifesto for Agile Software Development in 2001, Agile techniques started to spread into other areas of activity. |
| Network management | Network management is the process of administering and managing computer networks. Services provided by this discipline include fault analysis, performance management, provisioning of networks and maintaining quality of service. |
| Sport management | Sport management is the field of business dealing with sports and recreation. Sports management involves any combination of skills that correspond with planning, organizing, directing, controlling, budgeting, leading, or evaluating of any organization or business within the sports field. |
| Women Management | Women Management is a modeling agency based in New York. Founded by Paul Rowland in 1988, Women also has two sister agencies, Supreme Management and Women 360 Management, which is also part of the Women International Agency Chain. |
| Emergency management | Emergency management, also called emergency response or disaster management, is the organization and management of the resources and responsibilities for dealing with all humanitarian aspects of emergencies (prevention, preparedness, response, mitigation, and recovery). The aim is to prevent and reduce the harmful effects of all hazards, including disasters. |
| Risk management | Risk management is the identification, evaluation, and prioritization of risks (defined in ISO 31000 as the effect of uncertainty on objectives) followed by coordinated and economical application of resources to minimize, monitor, and control the probability or impact of unfortunate events or to maximize the realization of opportunities.\nRisks can come from various sources including uncertainty in international markets, threats from project failures (at any phase in design, development, production, or sustaining of life-cycles), legal liabilities, credit risk, accidents, natural causes and disasters, deliberate attack from an adversary, or events of uncertain or unpredictable root-cause. |
| Project management | Project management is the process of leading the work of a team to achieve all project goals within the given constraints. This information is usually described in project documentation, created at the beginning of the development process. |
| Arithmetic | Arithmetic (from Ancient Greek ἀριθμός (arithmós) 'number', and τική [τέχνη] (tikḗ [tékhnē]) 'art, craft') is an elementary part of mathematics that consists of the study of the properties of the traditional operations on numbers—addition, subtraction, multiplication, division, exponentiation, and extraction of roots. In the 19th century, Italian mathematician Giuseppe Peano formalized arithmetic with his Peano axioms, which are highly important to the field of mathematical logic today. |
| 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. |
| 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. |
| 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. |
| Special operations | Special operations (S.O.) are military activities conducted, according to NATO, by "specially designated, organized, selected, trained, and equipped forces using unconventional techniques and modes of employment". Special operations may include reconnaissance, unconventional warfare, and counter-terrorism actions, and are typically conducted by small groups of highly-trained personnel, emphasizing sufficiency, stealth, speed, and tactical coordination, commonly known as "special forces". |
| Emergency operations center | An emergency operations center (EOC) is a central command and control facility responsible for carrying out the principles of emergency preparedness and emergency management, or disaster management functions at a strategic level during an emergency, and ensuring the continuity of operation of a company, political subdivision or other organization.\nAn EOC is responsible for strategic direction and operational decisions and does not normally directly control field assets, instead leaving tactical decisions to lower commands. |
| Met Operations | Met Operations, also known as Met Ops, is one of the four business groups which forms the Metropolitan Police Service. It was created during the 2018-19 restructuring of the service, amalgamating many of its functions from the Operations side of the Specialist Crime & Operations Directorate formed in 2012, with the Specialist Crime side of that Directorate placed under the new Frontline Policing Directorate. |
| Operations research | Operations research (British English: operational research), often shortened to the initialism OR, is a discipline that deals with the development and application of advanced analytical methods to improve decision-making. It is sometimes considered to be a subfield of mathematical sciences. |
| Financial condition report | In accounting, a financial condition report (FCR) is a report on the solvency condition of an insurance company that takes into account both the current financial status, as reflected in the balance sheet, and an assessment of the ability of the company to survive future risk scenarios. Risk assessment in an FCR involves dynamic solvency testing, a type of dynamic financial analysis that simulates management response to risk scenarios, to test whether a company could remain solvent in the face of deteriorating economic conditions or major disasters. |
| 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 ratio | A financial ratio or accounting ratio is a relative magnitude of two selected numerical values taken from an enterprise's financial statements. Often used in accounting, there are many standard ratios used to try to evaluate the overall financial condition of a corporation or other organization. |
| Trustmark (bank) | Trustmark is a commercial bank and financial services company headquartered in Jackson, Mississippi, United States, with subsidiaries Trustmark National Bank, Trustmark Investment Advisors, and Fisher Brown Bottrell Insurance. The bank's initial predecessor, The Jackson Bank, was chartered by the State of Mississippi in 1889. |
| 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). |
| 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. |
| Social responsibility | Social responsibility is an ethical framework in which an individual is obligated to work and cooperate with other individuals and organizations for the benefit of the community that will inherit the world that individual leaves behind.Social responsibility is a duty every individual has to maintain. A balance between the economy and the ecosystem one lives within. |
| Recession | In economics, a recession is a business cycle contraction when there is a general decline in economic activity. Recessions generally occur when there is a widespread drop in spending (an adverse demand shock). |
| 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. |
| Mortgage loan | A mortgage loan or simply mortgage (), in civil law jurisdicions known also as a hypothec loan, is a loan used either by purchasers of real property to raise funds to buy real estate, or by existing property owners to raise funds for any purpose while putting a lien on the property being mortgaged. The loan is "secured" on the borrower's property through a process known as mortgage origination. |
| 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). |
| List of countries by proven oil reserves | This is a list of countries by proven oil reserves. Proven reserves are those quantities of petroleum which, by analysis of geological and engineering data, can be estimated, with a high degree of confidence, to be commercially recoverable from a given date forward from known reservoirs and under current economic conditions. |
| Economic regions of Russia | Russia is divided into twelve economic regions (Russian: экономи́ческие райо́ны, ekonomicheskiye rayony, sing. ekonomichesky rayon)—groups of federal subjects sharing the following characteristics:\n\nCommon economic and social goals and participation in development programs;\nRelatively similar economic conditions and potential;\nSimilar climatic, ecological, and geological conditions;\nSimilar methods of technical inspection of new construction;\nSimilar methods of conducting customs oversight;\nOverall similar living conditions of the population.No federal subject can belong to more than one economic region. |
| Economic collapse | Economic collapse (also called Economic meltdown) is any of a broad range of bad economic conditions, ranging from a severe, prolonged depression with high bankruptcy rates and high unemployment (such as the Great Depression of the 1930s), to a breakdown in normal commerce caused by hyperinflation (such as in Weimar Germany in the 1920s), or even an economically caused sharp rise in the death rate and perhaps even a decline in population (such as in countries of the former USSR in the 1990s).Often economic collapse is accompanied by social chaos, civil unrest and a breakdown of law and order.\n\n\n== Cases ==\nThere are few well documented cases of economic collapse. |
| Red corridor | The red corridor, also called the red zone, is the region in the eastern, central and the southern parts of India where the Naxalite–Maoist insurgency has the strongest presence. It has been steadily diminishing in terms of geographical coverage and number of violent incidences, and in 2021 it was confined to 25 "most affected" (accounting for 85% of LWE violence) and 70 "total affected" districts (down from 180 in 2009) across 10 states in two coal rich, remote, forested hilly clusters in and around Dandakaranya-Chhattisgarh-Odisha region and tri-junction area of Jharkhand-Bihar and-West Bengal.The Naxalite group mainly consists of the armed cadres of the Communist Party of India (Maoist). |
| New Economic Policy | The New Economic Policy (NEP) (Russian: новая экономическая политика (НЭП), tr. novaya ekonomicheskaya politika) was an economic policy of the Soviet Union proposed by Vladimir Lenin in 1921 as a temporary expedient. |
| Indirect tax | Although the actual definitions vary between jurisdictions, in general, a direct tax or income tax is a tax imposed upon a person or property as distinct from a tax imposed upon a transaction, which is described as an indirect tax. There is a distinction between direct and indirect tax depending on whether the tax payer is the actual taxpayer or if the amount of tax is supported by a third party, usually a client. |
| Risk Factors |
|---|
| UNIONBANCORP INC Item 1A Risk Factors |
| 12 Item 1A Risk Factors An investment in the Companyapstas common stock is subject to risks inherent to the Companyapstas business |
| The material risk and uncertainties that management believes affect the Company are described below |
| Before making an investment decision, you should carefully consider the risks and uncertainties described below, together with all of the other information included or incorporated by reference in this report |
| The risks and uncertainties described below are not the only ones facing the Company |
| Additional risks and uncertainties that management is not aware of or focused on or that management currently deems immaterial may also impair the Companyapstas business operations |
| This report is qualified in its entirety by these risk factors |
| If any of the following risks actually occur, the Companyapstas financial condition and results of operations could be materially and adversely affected |
| If this were to happen, the value of the Companyapstas common stock could decline significantly, and you could lose all or part of your investment |
| References to "e we, "e "e us, "e and "e our "e in this section refer to the Company and its subsidiary, unless otherwise specified or unless the context otherwise requires |
| Risks Related to The Companyapstas Business We are subject to interest rate risk |
| The Companyapstas earnings and cash flows are largely dependent upon its net interest income |
| Interest rates are highly sensitive to many factors that are beyond the Companyapstas control, including general economic conditions and policies of various governmental and regulatory agencies and, in particular, the Federal Reserve |
| Changes in monetary policy, including changes in interest rates, could influence not only the interest the Company receives on loans and securities and the amount of interest it pays on deposits and borrowings, but such changes could also affect (i) the Companyapstas ability to originate loans and obtain deposits, (ii) the fair value of the Companyapstas financial assets and liabilities, and (iii) the average duration of the Companyapstas mortgage-backed securities 12 |
| If the interest rates paid on deposits and other borrowings increase at a faster rate than the interest rates received on loans and other investments, the Companyapstas net interest income, and therefore earnings, could be adversely affected |
| Earnings could also be adversely affected if the interest rates received on loans and other investments fall more quickly than the interest rates pain on deposits and other borrowings |
| Although management believes it has implemented effective asset and liability management strategies to reduce the potential effects of changes in interest rates on the Companyapstas results of operations, any substantial, unexpected, prolonged change in market interest rates could have a material adverse effect on the Companyapstas financial condition and results of operations |
| Also, the Companyapstas interest rate risk modeling techniques and assumptions likely may not fully predict or capture the impact of actual interest rate changes on the Companyapstas balance sheet |
| See Part II sections "e Net Interest Income "e and "e Interest Rate Risk "e in "e Managementapstas Discussion and Analysis of Financial Condition and Results of Operations, "e for further discussion related to the Companyapstas management of interest rate risk |
| We are subject to lending risk As of December 31, 2005 approximately 80dtta0prca of the Companyapstas loan portfolio consisted of commercial, financial, and agricultural, real estate construction, and commercial real estate loans (collectively, "e commercial loans "e ) |
| Commercial loans are generally viewed as having more inherent risk of default than residential mortgage loans or retail loans |
| Because the Companyapstas loan portfolio contains a number of commercial loans with large balances, the deterioration of one or a few of these loans could cause a significant increase in nonperforming loans |
| An increase in nonperforming loans could result in a net loss of earnings from these loans, an increase in the provision for loan losses, and in increase in loan charge offs, all of which could have a material adverse effect on the Companyapstas financial condition and results of operations |
| See Part II "e Loans "e in "e Managementapstas Discussion and Analysis of Financial Condition and Results of Operations, "e for further discussion of credit risks related to different loan types |
| We are subject to economic conditions of our geographic markets The Companyapstas success depends to a large degree on the general economic conditions of the geographic markets served by the Bank in the State of Illinois and, to a lesser extent, contiguous states |
| The local economic conditions on these areas have a significant impact on the generation of the Bankapstas commercial, real estate commercial, and real estate construction loans; the ability of borrowers to repay these loans; and the value of the collateral securing these loans |
| Adverse changes in the economic conditions of the north central Illinois and northwest Illinois counties in which we operate could also negatively impact the financial results of the Companyapstas operations and have a negative effect on its profitability |
| For example, these factors could lead to reduced interest income and an increase in the provision for loan losses |
| A portion of the loans in the Companyapstas portfolio is secured by real estate |
| Most of these loans are secured by properties located in the north central and north west counties of Illinois |
| Negative conditions in the real estate markets where collateral for a mortgage loan is located could adversely affect the borrowerapstas ability to repay the loan and the value of the collateral securing the loan |
| Real estate values are affected by various factors, including changes in general or regional economic conditions, supply and demand for properties and governmental rules or policies |
| Based upon such factors, management makes various assumptions and judgments about the ultimate collectibility of the respective loan portfolios |
| Although the Company believes that the reserve for loan losses is adequate, there can be no assurance that such reserve will prove sufficient to cover future losses |
| Future adjustments may be necessary if economic conditions change or adverse developments arise with respect to nonperforming or performing loans or if regulatory supervision changes |
| Material additions to the reserve for loan losses would result in a material decrease in the Companyapstas net income, and possibly its capital, and could result in the inability to pay dividends, among other adverse consequences |
| Acquisitions may disrupt our business and dilute stockholder value The Company regularly evaluates merger and acquisition opportunities and conducts due diligence activities related to possible transactions with other financial institutions and financial services companies |
| As a result, negotiations may take place and future mergers or acquisitions involving cash, debt, or equity securities may occur at any time |
| The Company seeks merger or acquisition partners that are culturally similar, have experienced management, and possess either significant market presence or have potential for improved profitability through financial management, economies of scale, or expanded services |
| Acquiring other banks, businesses, or branches involves potential adverse impact to the Companyapstas financial results and various other risks commonly associated with acquisitions, including, among other things: o Difficulty in estimating the value of the target company o Payment of a premium over book and market values that may dilute the Companyapstas tangible book value and earnings per share in the short and long term o Potential exposure to unknown or contingent liabilities of the target company o Exposure to potential asset quality issues of the target company o There may be volatility in reported income as goodwill impairment losses could occur irregularly and in varying amounts o Difficulty and expense of integrating the operations and personnel of the target company o Inability to realize the expected revenue increases, cost savings, increases in geographic or product presence, and/or other projected benefits o Potential disruption to the Companyapstas business o Potential diversion of the Companyapstas managementapstas time and attention o The possible loss of key employees and customers of the target company o Potential changes in banking or tax laws or regulations that may affect the target company Details of the Companyapstas recent acquisition activity is presented in Note 2, "e Business Combinations, "e of the notes to consolidated financial statements within Part II, Item 8 |
| Any failure, interruption, or breach in security of these systems could result in failures or disruptions in the Companyapstas customer relationship management, general ledger, deposit, loan, and other systems |
| While the Company has policies and procedures designed to prevent or limit the effect of the failure, interruption, or security breach of its information systems, we cannot assure you that any such failures, interruptions, or security breaches will not occur or, if they do occur, that they will be adequately addressed |
| The occurrence of any failures, interruptions, or security breaches of the Companyapstas information systems could damage the Companyapstas reputation, result in a loss of customer business, subject the Company to additional regulatory scrutiny, or expose the Company to civil litigation and possible financial liability, any of which could have a material adverse effect on the Companyapstas financial condition and results of operations |
| Risks Associated With The Companyapstas Industry We operate in a highly regulated industry The banking industry is heavily regulated |
| The banking business of the Company and the Bank are subject, in certain respects, to regulation by the Federal Reserve, the FDIC, the Office of the Comptroller of the Currency, the IDFPR and the SEC The Companyapstas success depends not only on competitive factors but also on state and federal regulations affecting banks and bank holding companies |
| The regulations are primarily intended to protect depositors, not stockholders or other security holders |
| The ultimate effect of recent and proposed changes to the regulation of the financial institution industry cannot be predicted |
| Regulations now affecting the Company may be modified at any time, and there is no assurance that such modifications, if any, will not adversely affect the Companyapstas business |
| We operate in an industry that is significantly affected by general business and economic conditions The Companyapstas operations and profitability are impacted by general business and economic conditions in the United States and abroad |
| These conditions include short-term and long-term interest rates, inflation, money supply, political issues, legislative and regulatory changes, fluctuations in both debt and equity capital markets, broad trends in industry and finance, and the strength of the U S economy and the local economies in which the Company operates, all of which are beyond the Companyapstas control |
| A deterioration in economic conditions could result in an increase in loan delinquencies and nonperforming assets, decreases in loan collateral values, and a decrease in demand for the Companyapstas products and services among other things, any of which could have a material adverse impact on the Companyapstas financial condition and results of operations |