SEVERN BANCORP INC
Categories of dependency expected for this filer that were actually found stated in Risk Factors / MD&A.
Extracted from Risk Factors / MD&A, checked verbatim against the source text before being stored.
“demand for our products and services may decline, making it difficult to grow assets and income”
“if the economy is unable to permanently reopen, and high levels of unemployment continue for an extended period of time, loan delinquencies, problem assets, and foreclosures may increase”
“collateral for loans, especially real estate, may decline in value, which could cause loan losses to increase”
“the net worth and liquidity of loan guarantors may decline, impairing their ability to honor commitments to us”
“the yield on our assets may decline to a greater extent than the decline in our cost of interest-bearing liabilities”
“a prolonged weakness in economic conditions resulting in a reduction of future projected earnings could result in our recording additional valuation allowance against our current outstanding deferred tax assets”
“a prolonged weakness in economic conditions could result in a devaluation of our company value and result in an impairment charge on goodwill”
“the unavailability of a critical service from a third party vendor due to the COVID-19 outbreak could have an adverse effect on us”