| Industries |
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| Human Resource and Employment Services |
| Investment Banking and Brokerage |
| Asset Management and Custody Banks |
| Application Software |
| Technology Hardware Storage and Peripherals |
| Information Technology |
| Technology Hardware and Equipment |
| Exposures |
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| Military |
| Provide |
| Express intent |
| Political reform |
| Economic |
| Intelligence |
| Rights |
| Event Codes |
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| Solicit support |
| Demand |
| Host meeting |
| Military blockade |
| Request |
| Promise |
| Yield to order |
| Adjust |
| Warn |
| Release or return |
| Reward |
| Offer peace proposal |
| Force |
| Wiki | Wiki Summary |
|---|---|
| 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. |
| 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. |
| Fidelity Investments | Fidelity Investments Inc., commonly referred to as Fidelity, earlier as Fidelity Management & Research or FMR, is an American multinational financial services corporation based in Boston, Massachusetts. The company was established in 1946 and is one of the largest asset managers in the world with $4.5 trillion in assets under management, now as of December 2021 their assets under administration amounts to $11.8 trillion. |
| 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. |
| Federal Direct Student Loan Program | The William D. Ford Federal Direct Loan Program (also called FDLP, FDSLP, and Direct Loan Program) provides "low-interest loans for students and parents to help pay for the cost of a student's education after high school. The lender is the U.S. Department of Education ... |
| Investment | Investment is the dedication of an asset to attain an increase in value over a period of time. Investment requires a sacrifice of some present asset, such as time, money, or effort. |
| Investment banking | Investment banking denotes certain activities of a financial services company or a corporate division that consist in advisory-based financial transactions on behalf of individuals, corporations, and governments. Traditionally associated with corporate finance, such a bank might assist in raising financial capital by underwriting or acting as the client's agent in the issuance of debt or equity securities. |
| 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). |
| 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. |
| Interest rate | An interest rate is the amount of interest due per period, as a proportion of the amount lent, deposited, or borrowed (called the principal sum). The total interest on an amount lent or borrowed depends on the principal sum, the interest rate, the compounding frequency, and the length of time over which it is lent, deposited, or borrowed. |
| 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. |
| Adjustable-rate mortgage | A variable-rate mortgage, adjustable-rate mortgage (ARM), or tracker mortgage is a mortgage loan with the interest rate on the note periodically adjusted based on an index which reflects the cost to the lender of borrowing on the credit markets. The loan may be offered at the lender's standard variable rate/base rate. |
| Mortgage insurance | Mortgage insurance (also known as mortgage guarantee and home-loan insurance) is an insurance policy which compensates lenders or investors in mortgage-backed securities for losses due to the default of a mortgage loan. Mortgage insurance can be either public or private depending upon the insurer. |
| Subprime lending | In finance, subprime lending (also referred to as near-prime, subpar, non-prime, and second-chance lending) is the provision of loans to people in the United States who may have difficulty maintaining the repayment schedule. Historically, subprime borrowers were defined as having FICO scores below 600, although this threshold has varied over time.These loans are characterized by higher interest rates, poor quality collateral, and less favorable terms in order to compensate for higher credit risk. |
| 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). |
| S&P Global Ratings | S&P Global Ratings (previously Standard & Poor's and informally known as S&P) is an American credit rating agency (CRA) and a division of S&P Global that publishes financial research and analysis on stocks, bonds, and commodities. S&P is considered the largest of the Big Three credit-rating agencies, which also include Moody's Investors Service and Fitch Ratings. |
| Adverse possession | Adverse possession, sometimes colloquially described as "squatter's rights", is a legal principle in the Anglo-American common law under which a person who does not have legal title to a piece of property—usually land (real property)—may acquire legal ownership based on continuous possession or occupation of the property without the permission (licence) of its legal owner. The possession by a person is not adverse if they are in possession as a tenant or licensee of the legal owner. |
| Adverse food reaction | An adverse food reaction is an adverse response by the body to food or a specific type of food.The most common adverse reaction is a food allergy, which is an adverse immune response to either a specific type or a range of food proteins.\nHowever, other adverse responses to food are not allergies. |
| Adverse (film) | Adverse is a 2020 American crime thriller film written and directed by Brian Metcalf and starring Thomas Nicholas, Lou Diamond Phillips, Sean Astin, Kelly Arjen, Penelope Ann Miller, and Mickey Rourke. It premiered at the Fantasporto Film Festival, Portugal's largest film festival, on February 28, 2020. |
| Adverse party | An adverse party is an opposing party in a lawsuit under an adversary system of law. In general, an adverse party is a party against whom judgment is sought or "a party interested in sustaining a judgment or decree." For example, the adverse party for a defendant is the plaintiff. |
| Hostile witness | A hostile witness, also known as an adverse witness or an unfavorable witness, is a witness at trial whose testimony on direct examination is either openly antagonistic or appears to be contrary to the legal position of the party who called the witness. This concept is used in the legal proceedings in the United States, and analogues of it exist in other legal systems in Western countries. |
| Dirichlet conditions | In mathematics, the Dirichlet conditions are sufficient conditions for a real-valued, periodic function f to be equal to the sum of its Fourier series at each point where f is continuous. Moreover, the behavior of the Fourier series at points of discontinuity is determined as well (it is the midpoint of the values of the discontinuity). |
| Standard temperature and pressure | Standard temperature and pressure (STP) are standard sets of conditions for experimental measurements to be established to allow comparisons to be made between different sets of data. The most used standards are those of the International Union of Pure and Applied Chemistry (IUPAC) and the National Institute of Standards and Technology (NIST), although these are not universally accepted standards. |
| Conditions of Learning | Conditions of Learning, by Robert M. Gagné, was originally published in 1965 by Holt, Rinehart and Winston and describes eight kinds of learning and nine events of instruction. This theory of learning involved two steps. |
| Conditions (album) | Conditions is the debut studio album by Australian rock band The Temper Trap, released in Australia through Liberation Music on 19 June 2009. It was later released in the United Kingdom on 10 August 2009. |
| 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). |
| Metropolitan statistical area | In the United States, a metropolitan statistical area (MSA) is a geographical region with a relatively high population density at its core and close economic ties throughout the area. Such regions are neither legally incorporated as a city or town would be, nor are they legal administrative divisions like counties or separate entities such as states; because of this, the precise definition of any given metropolitan area can vary with the source. |
| Miami metropolitan area | The Miami metropolitan area (also known as Greater Miami, the Tri-County Area, or South Florida) is the ninth largest metropolitan statistical area in the United States and the 34th largest metropolitan area in the world with a 2020 population of 6.138 million people. \nWith 1,279.2 sq mi (3,313 km2) of urban landmass, the Miami metropolitan area also is one of the most populous urban agglomerations in the world. |
| Atlanta metropolitan area | Metro Atlanta, designated by the United States Office of Management and Budget as the Atlanta–Sandy Springs–Alpharetta, GA Metropolitan Statistical Area, is the most populous metro area in the US state of Georgia and the eighth-largest metropolitan statistical area (MSA) in the United States. Its economic, cultural and demographic center is Atlanta, and has a total population of 6,144,050 according to the 2021 ACS estimate from the US Census Bureau. |
| Kansas City metropolitan area | The Kansas City metropolitan area is a bi-state metropolitan area anchored by Kansas City, Missouri. Its 14 counties straddle the border between the U.S. states of Missouri (9 counties) and Kansas (5 counties). |
| OpenTheBooks | OpenTheBooks.com is an American nonprofit organization based in the Chicago suburb of Burr Ridge, Illinois. It describes itself as a transparency group devoted to posting online all the disclosed spending of every level of government across the United States. |
| Select Portfolio Servicing | Select Portfolio Servicing, Inc. (SPS) is a loan servicing company founded in 1989 as Fairbanks Capital Corp. |
| 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. |
| Risk Factors |
|---|
| ALLIANCE BANKSHARES CORP Item 1A Risk Factors We depend on the services of key personnel, and a loss of any of those personnel could disrupt our operations and result in reduced earnings |
| We are a customer focused and relationship driven organization |
| Our growth and success has been in large part driven by the personal customer relationships maintained by our executives |
| Although we have entered into employment contracts with our executive officers, we cannot offer any assurance that they and other key employees will remain employed by us |
| The loss of services of one or more of these key employees could have a material adverse effect on our operations and possibly result in reduced revenues and earnings |
| 15 _________________________________________________________________ The success of our future recruiting efforts will impact our ability to grow |
| The implementation of our business strategy will require us to continue to attract, hire, motivate and retain skilled personnel to develop new customer relationships as well as new financial products and services |
| Many experienced banking professionals employed by our competitors are covered by agreements not to compete or solicit their existing customers if they were to leave their current employment |
| These agreements make the recruitment of these professionals more difficult |
| The market for these people is competitive, and we cannot assure you that we will be successful in attracting, hiring, motivating or retaining them |
| In addition, we are deploying resources to attract additional relationship officers and mortgage loan originators, but cannot guarantee that this investment of money and management time will be successful |
| The success of our recruiting efforts may impact our ability to grow and future profitability |
| Because our mortgage banking revenue is sensitive to changes in economic conditions, decreased economic activity, a slowdown in the housing market or high interest rates may reduce our profits |
| The size and growth of Alliance Home Funding also creates risks for Bankshares |
| Our net income includes large amounts of gains on the sale of mortgage loans |
| Maintaining a high level of loan sale gains depends primarily on continuing to originate mortgage loans at similar volume levels |
| The production levels are sensitive to changes in economic conditions and can suffer from decreased economic activity, a slowdown in the housing market or higher interest rates |
| In addition, mortgage banking activities generally involve risks of loss if secondary mortgage market interest rates increase substantially while a loan is in the “pipeline” (the period beginning with the application to make or the commitment to purchase a loan and ending with the sale of the loan) |
| Generally, any sustained period of decreased economic activity or higher interest rates likely would adversely affect our mortgage originations and, consequently, reduce our income from mortgage banking activities |
| As a result, these conditions may adversely affect our net income |
| Our focus on commercial and real estate loans may increase the risk of credit losses, which would negatively affect our financial results |
| Many of our loans are secured by real estate (both residential and commercial) in the greater Washington, DC metropolitan area |
| A downturn in this real estate market, such as a deterioration in the value of this collateral, or in the local or national economy, could adversely affect our customers’ ability to pay these loans, which in turn could adversely affect us |
| Risk of loan defaults and foreclosures are unavoidable in the banking industry, and we try to limit our exposure to this risk by monitoring our extensions of credit carefully |
| We cannot fully eliminate credit risk, and as a result credit losses may occur in the future |
| We may be adversely affected by economic conditions in our market area |
| Because our lending and other banking activities are concentrated in the greater Washington, DC metropolitan area, we will be affected by economic conditions in that market area |
| Changes in the local economy, particularly in government spending or the technology and communications businesses may influence the growth rate of our loans and deposits, the quality of our loan portfolio and loan and deposit pricing |
| A significant decline in economic conditions caused by inflation, recession, unemployment or other factors beyond our control would impact these local economic conditions and the demand for banking products and services generally could negatively affect our ability to collect loans and could otherwise have a negative effect on our financial condition and performance |
| 16 _________________________________________________________________ We have been effective in a specific market niche, which creates an industry concentration |
| We have made a special effort to obtain deposits from title and mortgage loan closing companies |
| These are monies held for short periods of time by title and mortgage loan closing companies pending the disbursement of funds in mortgage loan or mortgage loan refinancing transactions |
| The balances on deposit with us from these depositors tend to fluctuate greatly during any given month, depending on transaction scheduling and overall market conditions |
| These balances represent a substantial portion of our non-interest bearing deposits, which creates a real estate industry concentration |
| These deposits are subject to seasonal and cyclical market fluctuations and are particularly sensitive to slow real estate markets |
| In order to meet the withdrawal needs of these customers, we monitor our liquidity, investment securities and lines of credit on a constant basis |
| Because of this industry concentration in our deposits, we are exposed to liquidity and concentration risks attendant to changes in real estate markets, which could adversely impact our overall performance |
| If our allowance for loan losses becomes inadequate, our results of operations may be adversely affected |
| We maintain an allowance for loan losses that we believe is adequate to absorb any potential losses in our loan portfolio |
| Through a periodic review and consideration of the loan portfolio, management determines the amount of the allowance for loan losses by considering general market conditions, credit quality of the loan portfolio and performance of our customers relative to their financial obligations with us |
| The amount of future losses is susceptible to changes in economic, operating and other conditions, including changes in interest rates that may be beyond our control and these future losses may exceed our current estimates |
| Although we believe the allowance for loan losses is adequate to absorb probable losses in our loan portfolio, we cannot predict such losses or that our allowance will be adequate in the future |
| Excessive loan losses could have a material adverse impact on our financial performance |
| Federal and state regulators, as an integral part of their supervisory function, periodically review our allowance for loan losses |
| These regulatory agencies may require us to increase our provision for loan losses or to recognize further loan charge offs based upon their judgments, which may be different from ours |
| Any increase in the allowance for loan losses required by these regulatory agencies could have a negative effect on our financial condition and results of operations |
| Our future success is dependent on our ability to compete effectively in the highly competitive banking industry |
| The Northern Virginia and the greater Washington, DC metropolitan area in which we operate is considered highly attractive from an economic and demographic viewpoint, and is therefore a highly competitive banking and mortgage banking market |
| Our future growth and success will depend on our ability to compete effectively in this highly competitive financial services environment |
| We compete for loans, deposits, and investment dollars with numerous large, regional and national banks and other community banking institutions, as well as other kinds of financial institutions and enterprises, such as securities firms, insurance companies, savings associations, credit unions, and private lenders |
| Many competitors offer products and services which we do not and many have substantially greater resources, name recognition and market presence that benefit them in attracting business |
| In addition, larger competitors may be able to price loans and deposits more aggressively than we do |
| Some of the financial services organizations with which we compete are not subject to the same degree of regulation as is imposed on bank holding companies and federally insured state-chartered banks, national banks and federal savings institutions |
| As a result, these nonbank competitors have certain advantages over us in accessing funding and in providing various services |
| The differences in resources and regulations may make it harder for us to compete profitably, reduce the rates that we can earn on loans and investments, increase the rates we must offer on deposits and other funds, and adversely affect our overall financial condition and earnings |
| 17 _________________________________________________________________ Our profitability depends on interest rates and changes in monetary policy may adversely impact us |
| Our profitability depends in substantial part on our net interest margin, which is the difference between the rates we receive on loans and investments and the rates we pay for deposits and other sources of funds |
| Our net interest margin depends on many factors that are partly or completely outside of our control, including competition, federal economic, monetary and fiscal policies, and economic conditions generally |
| Our net interest income will be adversely affected if market interest rates change so that the interest we pay on deposits and borrowings increases faster than the interest we earn on loans and investments |
| An increase in interest rates could adversely affect borrowers’ ability to pay the principal or interest on existing loans or reduce their desire to borrow more money |
| This may lead to an increase in our nonperforming assets or a decrease in loan originations, either of which could have a negative effect on our results of operations |
| In addition, periods of rising interest rates could have an adverse effect on home sales, mortgage refinancings and deposit costs |
| We try to minimize our exposure to interest rate risk, but we are unable to completely eliminate this risk |
| Fluctuations in market rates are neither predictable nor controllable and may have a material and negative effect on our business, financial condition and results of operations |