| Industries |
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| Real Estate |
| Real Estate Services |
| Investment Banking and Brokerage |
| Human Resource and Employment Services |
| Asset Management and Custody Banks |
| Exposures |
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| Regime |
| Military |
| Political reform |
| Provide |
| Economic |
| Event Codes |
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| Accident |
| Solicit support |
| Human death |
| Yield to order |
| Adjust |
| Military blockade |
| Warn |
| Reward |
| Demand |
| Sports contest |
| Wiki | Wiki Summary |
|---|---|
| Chief executive officer | A chief executive officer (CEO), chief administrator officer (CAO), central executive officer (CEO), or just chief executive (CE), is one of a number of corporate executives charged with the management of an organization – especially an independent legal entity such as a company or nonprofit institution. CEOs find roles in a range of organizations, including public and private corporations, non-profit organizations and even some government organizations (notably state-owned enterprises). |
| Common stock | Common stock is a form of corporate equity ownership, a type of security. The terms voting share and ordinary share are also used frequently outside of the United States. |
| Preferred stock | Preferred stock (also called preferred shares, preference shares, or simply preferreds) is a component of share capital that may have any combination of features not possessed by common stock, including properties of both an equity and a debt instrument, and is generally considered a hybrid instrument. Preferred stocks are senior (i.e., higher ranking) to common stock but subordinate to bonds in terms of claim (or rights to their share of the assets of the company, given that such assets are payable to the returnee stock bond) and may have priority over common stock (ordinary shares) in the payment of dividends and upon liquidation. |
| Stock market | A stock market, equity market, or share market is the aggregation of buyers and sellers of stocks (also called shares), which represent ownership claims on businesses; these may include securities listed on a public stock exchange, as well as stock that is only traded privately, such as shares of private companies which are sold to investors through equity crowdfunding platforms. Investment is usually made with an investment strategy in mind. |
| New York Stock Exchange | The New York Stock Exchange (NYSE, nicknamed "The Big Board") is an American stock exchange in the Financial District of Lower Manhattan in New York City. It is by far the world's largest stock exchange by market capitalization of its listed companies at US$30.1 trillion as of February 2018. |
| Convertible bond | In finance, a convertible bond or convertible note or convertible debt (or a convertible debenture if it has a maturity of greater than 10 years) is a type of bond that the holder can convert into a specified number of shares of common stock in the issuing company or cash of equal value. It is a hybrid security with debt- and equity-like features. |
| 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. |
| 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. |
| Real estate economics | Real estate economics is the application of economic techniques to real estate markets. It tries to describe, explain, and predict patterns of prices, supply, and demand. |
| 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). |
| Collateralized debt obligation | A collateralized debt obligation (CDO) is a type of structured asset-backed security (ABS). Originally developed as instruments for the corporate debt markets, after 2002 CDOs became vehicles for refinancing mortgage-backed securities (MBS). |
| Loan-to-value ratio | The loan-to-value (LTV) ratio is a financial term used by lenders to express the ratio of a loan to the value of an asset purchased. \nIn Real estate, the term is commonly used by banks and building societies to represent the ratio of the first mortgage line as a percentage of the total appraised value of real property. |
| 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. |
| Profit (economics) | An economic profit is the difference between the revenue a commercial entity has received from its outputs and the opportunity costs of its inputs. It equals to total revenue minus total cost, including both explicit and implicit costs. |
| Profitability analysis | In cost accounting, profitability analysis is an analysis of the profitability of an organisation's output. Output of an organisation can be grouped into products, customers, locations, channels and/or transactions. |
| Customer Profitability Analysis | Customer Profitability Analysis (in short CPA) is a management accounting and a credit underwriting method, allowing businesses and lenders to determine the profitability of each customer or segments of customers, by attributing profits and costs to each customer separately. CPA can be applied at the individual customer level (more time consuming, but providing a better understanding of business situation) or at the level of customer aggregates / groups (e.g. |
| Small Is Profitable | Small Is Profitable: The Hidden Economic Benefits of Making Electrical Resources the Right Size is a 2002 book by energy analyst Amory Lovins and others. The book describes 207 ways in which the size of "electrical resources"—devices that make, save, or store electricity—affects their economic value. |
| Customer profitability | Customer Profitability Analysis (in short CPA) is a management accounting and a credit underwriting method, allowing businesses and lenders to determine the profitability of each customer or segments of customers, by attributing profits and costs to each customer separately. CPA can be applied at the individual customer level (more time consuming, but providing a better understanding of business situation) or at the level of customer aggregates / groups (e.g. |
| SAP ERP | SAP ERP is an enterprise resource planning software developed by the German company SAP SE. SAP ERP incorporates the key business functions of an organization. The latest version of SAP ERP (V.6.0) was made available in 2006. |
| Porter's five forces analysis | Porter's Five Forces Framework is a method of analysing the operating environment of a competition of a business. It draws from industrial organization (IO) economics to derive five forces that determine the competitive intensity and, therefore, the attractiveness (or lack thereof) of an industry in terms of its profitability. |
| Return on equity | The return on equity (ROE) is a measure of the profitability of a business in relation to the equity. Because shareholder's equity can be calculated by taking all assets and subtracting all liabilities, ROE can also be thought of as a return on assets minus liabilities. |
| 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). |
| Twenty-one Conditions | The Twenty-one Conditions, officially the Conditions of Admission to the Communist International, refer to the conditions, most of which were suggested by Vladimir Lenin, to the adhesion of the socialist parties to the Third International (Comintern) created in 1919. The conditions were formally adopted by the Second Congress of the Comintern in 1920. |
| Nervous Conditions | Nervous Conditions is a novel by Zimbabwean author Tsitsi Dangarembga, first published in the United Kingdom in 1988. It was the first book published by a black woman from Zimbabwe in English. |
| Wolfe conditions | In the unconstrained minimization problem, the Wolfe conditions are a set of inequalities for performing inexact line search, especially in quasi-Newton methods, first published by Philip Wolfe in 1969.In these methods the idea is to find\n\n \n \n \n \n min\n \n x\n \n \n f\n (\n \n x\n \n )\n \n \n {\displaystyle \min _{x}f(\mathbf {x} )}\n for some smooth \n \n \n \n f\n :\n \n \n R\n \n \n n\n \n \n →\n \n R\n \n \n \n {\displaystyle f\colon \mathbb {R} ^{n}\to \mathbb {R} }\n . Each step often involves approximately solving the subproblem\n\n \n \n \n \n min\n \n α\n \n \n f\n (\n \n \n x\n \n \n k\n \n \n +\n α\n \n \n p\n \n \n k\n \n \n )\n \n \n {\displaystyle \min _{\alpha }f(\mathbf {x} _{k}+\alpha \mathbf {p} _{k})}\n where \n \n \n \n \n \n x\n \n \n k\n \n \n \n \n {\displaystyle \mathbf {x} _{k}}\n is the current best guess, \n \n \n \n \n \n p\n \n \n k\n \n \n ∈\n \n \n R\n \n \n n\n \n \n \n \n {\displaystyle \mathbf {p} _{k}\in \mathbb {R} ^{n}}\n is a search direction, and \n \n \n \n α\n ∈\n \n R\n \n \n \n {\displaystyle \alpha \in \mathbb {R} }\n is the step length. |
| 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. |
| 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 races | Conditions races are horse races in which the weights carried by the runners are laid down by the conditions attached to the race. Weights are allocated according to the sex of the runners, with female runners carrying less weight than males; the age of the runners, with younger horses receiving weight from older runners to allow for relative maturity, referred to as weight for age; and the quality of the runners, with horses that have won certain values of races giving weight to less successful entrants. |
| 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. |
| Insurance | Securitization is the financial practice of pooling various types of contractual debt such as residential mortgages, commercial mortgages, auto loans or credit card debt obligations (or other non-debt assets which generate receivables) and selling their related cash flows to third party investors as securities, which may be described as bonds, pass-through securities, or collateralized debt obligations (CDOs). Investors are repaid from the principal and interest cash flows collected from the underlying debt and redistributed through the capital structure of the new financing. |
| Expected loss | Expected loss is the sum of the values of all possible losses, each multiplied by the probability of that loss occurring. \nIn bank lending (homes, autos, credit cards, commercial lending, etc.) the expected loss on a loan varies over time for a number of reasons. |
| 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. |
| Board of directors | A board of directors (commonly referred simply as the board) is an executive committee that jointly supervises the activities of an organization, which can be either a for-profit or a nonprofit organization such as a business, nonprofit organization, or a government agency. \nThe powers, duties, and responsibilities of a board of directors are determined by government regulations (including the jurisdiction's corporate law) and the organization's own constitution and by-laws. |
| Daniels (directors) | Daniel Kwan (Chinese: 關家永) and Daniel Scheinert, collectively known as Daniels or the Daniels, are a duo of film directors and writers. They began their career as directors of music videos, including the popular DJ Snake promotional for the single "Turn Down for What" (2013). |
| Directors' Fortnight | The Directors' Fortnight (French: Quinzaine des Réalisateurs) is an independent selection of the Cannes Film Festival. It was started in 1969 by the French Directors Guild after the events of May 1968 resulted in cancellation of the Cannes festival as an act of solidarity with striking workers.The Directors' Fortnight showcases a programme of shorts and feature films and documentaries worldwide. |
| Film director | A film director controls a film's artistic and dramatic aspects and visualizes the screenplay (or script) while guiding the film crew and actors in the fulfilment of that vision. The director has a key role in choosing the cast members, production design and all the creative aspects of filmmaking.The film director gives direction to the cast and crew and creates an overall vision through which a film eventually becomes realized or noticed. |
| Executive director | An executive director is a member of a board of directors for an organisation, but the meaning of the term varies between countries.\n\n\n== United States ==\nIn the US, an executive director is a chief executive officer (CEO) or managing director of an organization, company, or corporation. |
| Risk Factors |
|---|
| COMMUNITY FINANCIAL CORP /VA/ ITEM 1A RISK FACTORS 28 ITEM 1A RISK FACTORS This section discusses risks that are specific to our company and may affect our financial performance, including future earnings |
| Investing in our common stock involves risks, including those described below |
| These risk factors should be considered by prospective and current investors in our common stock when evaluating the disclosures in this Annual Report on Form 10-K (particularly the forward-looking statements |
| ) Additional risks may emerge in the future of which we are not aware and may impact our company in a manner that can not be estimated |
| The following are risk factors that may have a material effect on our financial condition or operating performance |
| Our loan portfolio possesses increased risk due to our increasing percentage of commercial real estate, commercial business and consumer loans |
| At March 31, 2006, our loan portfolio included dlra217dtta5 million of commercial real estate, commercial business and consumer loans, representing approximately 58dtta1prca of our total loan portfolio, compared to dlra99dtta5 million or 43dtta4prca at March 31, 2002 |
| We have been increasing, and intend to continue to increase, our origination of these types of loans |
| The credit risk related to commercial real estate loans and commercial business loans is considered to be greater than the risk related to one- to four-family residential loans because the repayment of commercial real estate loans and commercial business loans typically is dependent on the successful operations and income stream of the borrowers &apos business and the real estate securing the loan as collateral, which can be significantly affected by economic conditions |
| Additionally, if we foreclose on a commercial real estate loan, our holding period for the collateral, if any, typically is longer than for one- to four-family residential mortgage loan because there are fewer potential purchasers of the collateral |
| Furthermore, these loans generally carry larger balances to single borrowers or related groups of borrowers than one- to four-family loans |
| Any delinquent payments or the failure to repay these loans would hurt our earnings |
| Consumer loans also generally entail greater risk than do one- to four-family residential mortgage loans, particularly in the case of loans that are secured by rapidly depreciable assets, such as automobiles, which comprise approximately 64dtta2prca of our consumer loan portfolio at March 31, 2006 compared to approximately 32dtta1prca at March 31, 2002 |
| As a result of our increasing consumer loan portfolio, it may become necessary to increase the level of our provision for loan losses, which could hurt our profits |
| In these cases, any repossessed collateral for a defaulted loan may not provide an adequate source of repayment of the outstanding loan balance |
| In addition, the majority of our automobile loans are comprised of indirect automobile loans which are originated by a third party on our behalf through a network of automobile dealers |
| Because these loans are originated through a third party and not directly by us, they present greater risks than other types of lending activities |
| Our business is subject to interest rate risk and variations in market interest rates may negatively affect our financial performance |
| We are unable to predict fluctuations of market interest rates, which are affected by many factors, including: * inflation; * recession; * a rise in unemployment; * tightening money supply; * changes in monetary and fiscal policies, including interest rate policies of the Board of Governors of the Federal Reserve System; and * domestic and international disorder and instability in domestic and foreign financial markets |
| 28 [31]NEXT PAGE Changes in the interest rate environment may reduce our profits |
| We expect that the Bank will continue to realize income from the differential or "e spread "e 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 |
| Further, our net interest spread may be negatively impacted when short-term rates rise faster than long-term interest rates over a prolonged period |
| In addition, an increase in the general level of interest rates may adversely affect the ability of some borrowers to pay the interest on and principal of their obligations, especially borrowers with adjustable rate mortgage loans |
| At March 31, 2006, approximately 69dtta0prca of our total loan portfolio, before net items, consisted of adjustable rate loans |
| Changes in levels of market interest rates could materially and adversely affect our net interest spread, asset quality, levels of prepayments and cash flows as well as the market value of our securities portfolio and overall profitability |
| Changes in economic conditions, particularly an economic slowdown in our local market area in Virginia, could hurt our business |
| Our business is directly affected by political and market conditions, broad trends in industry and finance, legislative and regulatory changes, changes in governmental monetary and fiscal policies, all of which are beyond our control |
| A deterioration in economic conditions, in particular in our local market areas of the Shenandoah Valley (western) and Hampton Roads (eastern) of Virginia, could result in any or all of the following consequences, any of which could hurt our business materially: * loan delinquencies may increase; * problem assets and foreclosures may increase; * demand for our products and services may decline; and * collateral for loans made by us, especially real estate, may decline in value, in turn reducing a clientapstas borrowing power, and reducing the value of assets and collateral associated with our loans held for investment |
| In recent months, there have been announced or proposed military installation and plant closings or reductions in one of our local market areas |
| The realization of these actions could have significant adverse consequences on the employment and businesses conditions in this market area |
| While we do not have significant credit exposure to these businesses, the impact on local economic conditions could affect the real estate collateral values generally, which could negatively affect our profitability |
| Our allowance for loan losses may not be adequate to cover actual losses |
| Like all financial institutions, we maintain an allowance for loan losses to provide for loan defaults and non-performance |
| Our allowance for loan losses may not be adequate to cover actual loan losses, and future provisions for loan losses could materially and adversely affect our operating results |
| Through a periodic review and consideration of our loan portfolio, management determines the amount of the allowance for loan losses by considering general market conditions, credit quality of the loan portfolio, the performance of our customers relative to their financial obligations with us and the historical credit quality of our loan performance |
| 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 losses may exceed our estimates |
| To date, we have experienced negligible losses |
| 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 losses may exceed current estimates |
| Federal regulatory agencies, as an integral part of their examination process, review our loans and allowance for loan losses and may require us to increase our provision for loan losses or 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 financial condition and results of 29 [32]NEXT PAGE operations |
| While we believe that our allowance for loan losses is adequate to cover current losses, we cannot provide assurance |
| Our directors and executive officers own a significant amount of our common stock and can exert significant control over matters voted on by stockholders |
| As of March 31, 2006, our directors and executive officers as a group beneficially owned, excluding options to purchase our common stock, approximately 11dtta4prca of our outstanding common stock |
| In addition, over the years, these directors and executive officers have been granted options to acquire shares of our common stock, which when exercised will increase their ownership of shares of our common stock |
| As of March 31, 2006, assuming the full exercise of all outstanding options, our directors and executive officers would beneficially own in the aggregate approximately 19dtta2prca of our outstanding common stock |
| As a result, these individuals, by virtue of their stock ownership, could have the ability of voting as a group to influence the outcome of any matters to be decided by a vote of stockholders |
| Strong competition within our market area may limit our growth and profitability |
| Competition in the banking and financial services industry is intense |
| In our market area, we compete with commercial banks, savings institutions, mortgage brokerage firms, credit unions, finance companies, mutual funds, insurance companies, and brokerage and investment banking firms operating locally and elsewhere |
| Many of these competitors have substantially greater resources and lending limits than we do and may offer certain services that we do not or cannot provide |
| Our profitability depends upon our continued ability to successfully compete in our market |