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Wiki	Wiki Summary
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.
Matthiola incana	Matthiola incana is a species of flowering plant in the cabbage family Brassicaceae. Common names include Brompton stock, common stock, hoary stock, ten-week stock, and gilly-flower.
Treasury stock	A treasury stock or reacquired stock is stock which is bought back by the issuing company, reducing the amount of outstanding stock on the open market ("open market" including insiders' holdings). \nStock repurchases are used as a tax efficient method to put cash into shareholders' hands, rather than paying dividends, in jurisdictions that treat capital gains more favorably.
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.
Regulation	Regulation is the management of complex systems according to a set of rules and trends. In systems theory, these types of rules exist in various fields of biology and society, but the term has slightly different meanings according to context.
Holding company	A holding company is a company whose primary business is holding a controlling interest in the securities of other companies. A holding company usually does not produce goods or services itself.
The Walt Disney Company	The Walt Disney Company, commonly known as Disney (), is an American multinational mass media and entertainment conglomerate headquartered at the Walt Disney Studios complex in Burbank, California.\nDisney was originally founded on October 16, 1923, by brothers Walt and Roy O. Disney as the Disney Brothers Cartoon Studio; it also operated under the names the Walt Disney Studio and Walt Disney Productions before changing its name to the Walt Disney Company in 1986.
Good Company (company)	Good Company is an independent US entertainment production company founded in 2012 by Jonathan Lia, Brian Welsh and Ryan Heiferman in New York City with a second office in Los Angeles. The company has produced content including commercials, music videos, films and experiential.Good Company began 2012 with Kanye West and Jay-Z's "Niggas in Paris" video, which was nominated for two VMA Awards, Best Video and Best Director.
Yoda conditions	In programming jargon, Yoda conditions (also called Yoda notation) is a programming style where the two parts of an expression are reversed from the typical order in a conditional statement. A Yoda condition places the constant portion of the expression on the left side of the conditional statement.
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 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.
Educational institution	An educational institution is a place where people of different ages gain an education, including preschools, childcare, primary-elementary schools, secondary-high schools, and universities. They provide a large variety of learning environments and learning spaces.
Smithsonian Institution	The Smithsonian Institution ( smith-SOH-nee-ən), or simply the Smithsonian, is a group of museums and education and research centers, the largest such complex in the world, created by the U.S. Government "for the increase and diffusion of knowledge". Founded on August 10, 1846, it operates as a trust instrumentality and is not formally a part of any of the three branches of the federal government.
Disciplinary institution	Disciplinary institutions (French: institution disciplinaire) is a concept proposed by Michel Foucault in Discipline and Punish (1975). School, prison, barracks, or the hospital are examples of historical disciplinary institutions, all created in their modern form in the 19th century with the Industrial Revolution.
The Pokémon Company	The Pokémon Company (株式会社ポケモン, Kabushiki gaisha Pokémon) is a Japanese company responsible for brand management, production, publishing, marketing and licensing of the Pokémon franchise, which consists of video game software, a trading card game, anime television series, films, manga, home entertainment products, merchandise, and other ventures. It was established through a joint investment by the three businesses holding the copyright of Pokémon: Nintendo, Game Freak, and Creatures.
The Weather Company	The Weather Company is a weather forecasting and information technology company that owns and operates weather.com and Weather Underground. The Weather Company has been a subsidiary of the Watson & Cloud Platform business unit of IBM since 2016.
The Longaberger Company	The Longaberger Company is an American manufacturer and distributor of handcrafted maple wood baskets and other home and lifestyle products. The company opened in 1973, was acquired in 2013 by CVSL, Inc., and closed in 2018.
Significant figures	Significant figures (also known as the significant digits, precision or resolution) of a number in positional notation are digits in the number that are reliable and necessary to indicate the quantity of something.\nIf a number expressing the result of a measurement (e.g., length, pressure, volume, or mass) has more digits than the number of digits allowed by the measurement resolution, then only as many digits as allowed by the measurement resolution are reliable, and so only these can be significant figures.
Significant Others	The term significant other (SO) has different uses in psychology and in colloquial language. Colloquially "significant other" is used as a gender-neutral term for a person's partner in an intimate relationship without disclosing or presuming anything about marital status, relationship status, gender identity, or sexual orientation.
Significant form	Significant form refers to an aesthetic theory developed by English art critic Clive Bell which specified a set of criteria for what qualified as a work of art.
Significant other	The term significant other (SO) has different uses in psychology and in colloquial language. Colloquially "significant other" is used as a gender-neutral term for a person's partner in an intimate relationship without disclosing or presuming anything about marital status, relationship status, gender identity, or sexual orientation.
List of aircraft by tail number	This list is only of aircraft that have an article, indexed by aircraft registration "tail number" (civil registration or military serial number). The list includes aircraft that are notable either as an individual aircraft or have been involved in a notable accident or incident or are linked to a person notable enough to have a stand-alone Wikipedia article.
Electromagnetic field	An electromagnetic field (also EM field or EMF) is a classical (i.e. non-quantum) field produced by accelerating electric charges.
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 ...
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.
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.
Palanivel Thiagarajan	Palanivel Thiagarajan is an Indian politician and the current Finance Minister of Tamil Nadu. He was elected to the Tamil Nadu Legislative Assembly election in 2016 and 2021 from Madurai Central.
ProCredit Holding	The ProCredit Holding is the parent company of a development-oriented group of commercial banks for small and medium enterprises (SMEs), which operate in South Eastern and Eastern Europe, Ecuador, and Germany. The business model of the group is based on "socially responsible banking".
ShoreBank	ShoreBank was a community development bank founded and headquartered in Chicago. At the time of its closing it was the oldest and largest such institution, and in 2008 had $2.6 billion in assets.
Surgery	Surgery is a medical or dental specialty that uses operative manual and instrumental techniques on a person to investigate or treat a pathological condition such as a disease or injury, to help improve bodily function, appearance, or to repair unwanted ruptured areas.\nThe act of performing surgery may be called a surgical procedure, operation, or simply "surgery".
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.
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.

Risk Factors
Several risk factors regarding investing in our common stock are discussed below
This listing should not be considered as all-inclusive
If any of the following risks were to occur, we may not be able to conduct our business as currently planned and our financial condition or operating results could be negatively impacted
These matters could cause the trading price of our common stock to decline in future periods
Such risks and uncertainties include: - changes in the interest rate environment affecting interest rate margins and/or interest rate risk - increased competitive pressure among financial services &apos companies - the availability of sources of liquidity at a reasonable cost - the regulation of the banking industry including legislative or regulatory changes adversely affecting the business in which the Company engages - reduction in our earnings by losses on loans - dependence on real estate - operational risks - deterioration in general economic conditions - risks of natural disasters - other risks and uncertainties that may be detailed herein RISK DUE TO ECONOMIC CONDITIONS DUE TO CHANGES IN INTEREST RATES OR THE ECONOMY IN THE AREAS WE SERVE The Federal Reserve Board ( &quote FRB &quote ) has continued its efforts to prevent/slow inflation and to maintain a stable price environment as the economy enters the fifth year of economic expansion
In 2005, the FRB raised the discount rate eight times from 2dtta25prca to 4dtta25prca, an increase of 2dtta00prca
Typically, these rate increases enhance net interest income for asset-sensitive financial institutions
As inflation has remained largely in check and the housing market has shown signs of slowing, most sectors of the economy have remained strong
While there is uncertainty regarding FRBapstas interest rate policy under a new FRB chairman, the outlook for 2006 is generally optimistic
Supporting an overall optimistic outlook in the economy is continued strength in consumer confidence, provided by the rebuilding of the Gulf coast and a high level of liquidity in the economy
This optimistic outlook is tempered by concerns related to the real estate market and the federal budget deficit
The Tri-Counties region which consists of San Luis Obispo, Santa Barbara and Ventura counties in the state of California, the SBA Western Region where CWB originates SBA loans (California, Colorado, Oregon and Washington) and the SBA Southeast Region (Alabama, Florida, Georgia, North and South Carolina and Tennessee)
A downturn in the National economy or in any of the markets in the Company services may have a negative impact on the Companyapstas future earnings or stock price
- 5 - CHANGES IN THE REGULATORY ENVIRONMENT The financial services industry is heavily regulated
The Company is subject to federal and state regulation designed to protect the deposits of consumers, not to benefit shareholders
These regulations include the following: - the amount of capital the Company must maintain - the types of activities in which it can engage - the types and amounts of investments it can make - the locations of its offices - insurance of the Companyapstas deposits and the premiums paid for this insurance - how much cash the Company must set aside as reserves for deposits The regulations impose limitations on operations and may be changed at any time, possibly causing future results to vary significantly from past results
Government policy and regulation, particularly as implemented through the Federal Reserve System, significantly affects credit conditions
Managementapstas Discussion and Analysis of Financial Condition and Results of Operations - Supervision and Regulation &quote
BANK REGULATIONS COULD DISCOURAGE CHANGES IN THE COMPANY &apos S OWNERSHIP Bank regulations could delay or discourage a potential acquirer who might have been willing to pay a premium price to acquire a large block of common stock
That possibility might decrease the value of the Companyapstas common stock and the price that a stockholder will receive if shares are sold in the future
Before anyone can buy enough voting stock to exercise control over a bank holding company like CWBC, bank regulators must approve the acquisition
A stockholder must apply for regulatory approval to own 10 percent or more of the Companyapstas common stock, unless the stockholder can show that they will not actually exert control over the Company
As a result, no single stockholder can own more than 25 percent of the Companyapstas common stock without applying for regulatory approval
THE PRICE OF THE COMPANY &apos S COMMON STOCK MAY CHANGE RAPIDLY AND SIGNIFICANTLY The market price of the Companyapstas common stock could change rapidly and significantly at any time
The market price of the Companyapstas common stock has fluctuated in recent years
Between January 1, 2004 and December 31, 2005, the market price of its common stock ranged from a low of dlra8dtta15 per share to a high of dlra15dtta30 per share
Fluctuations may occur, among other reasons, in response to: - short-term or long-term operating results - perceived strength of the banking industry in general - the Companyapstas relatively low public float and thinly-traded stock - perceived value of the Companyapstas loan portfolio - trends in the Companyapstas nonperforming assets - legislative/regulatory action or adverse publicity - announcements by competitors - economic changes and general market conditions The trading price of the Companyapstas common stock may continue to be subject to wide fluctuations in response to the factors set forth above and other factors, many of which are beyond the Companyapstas control
The stock market can experience extreme price and trading volume fluctuations that often are unrelated or disproportionate to the operating performance of individual companies
The Company believes that investors should consider the likelihood of these market fluctuations before investing in the Companyapstas common stock
DEPENDENCE ON REAL ESTATE CONCENTRATED IN THE STATE OF CALIFORNIA Approximately 42prca of the loan portfolio of the Company is secured by various forms of real estate, including residential and commercial real estate
A decline in current economic conditions or rising interest rates could have an adverse effect on the demand for new loans, the ability of borrowers to repay outstanding loans and the value of real estate and other collateral securing loans
The real estate securing the Companyapstas loan portfolio is concentrated in California
If real estate values decline significantly, especially in California, the change could harm the financial condition of the Companyapstas borrowers, the collateral for its loans will provide less security and the Company would be more likely to suffer losses on defaulted loans
CURTAILMENT OF GOVERNMENT GUARANTEED LOAN PROGRAMS COULD AFFECT A SEGMENT OF THE COMPANY &apos S BUSINESS A major segment of the Companyapstas business consists of originating and periodically selling government guaranteed loans, in particular those guaranteed by the SBA From time to time, the government agencies that guarantee these loans reach their internal limits and cease to guarantee loans
In addition, these agencies may change their rules for loans or Congress may adopt legislation that would have the effect of discontinuing or changing the programs
Non- - 6 - governmental programs could replace government programs for some borrowers, but the terms might not be equally acceptable
Therefore, if these changes occur, the volume of loans to small business, industrial and agricultural borrowers of the types that now qualify for government guaranteed loans could decline
Also, the profitability of these loans could decline
In late 2004, the SBA eliminated the piggy-back program, in which a conventional real estate loan is made and a SBA 7(a) guaranteed second trust deed is subordinate to the conventional first trust deed
As the funding of the guaranteed portion of 7(a) loans is a major portion of the Companyapstas business, the long-term resolution to the funding for the 7(a) loan program may have an unfavorable impact on the Companyapstas future performance and results of operations
ENVIRONMENTAL LAWS COULD FORCE THE COMPANY TO PAY FOR ENVIRONMENTAL PROBLEMS When a borrower defaults on a loan secured by real property, the Company generally purchases the property in foreclosure or accepts a deed to the property surrendered by the borrower
The Company may also take over the management of commercial properties when owners have defaulted on loans
While CWB has guidelines intended to exclude properties with an unreasonable risk of contamination, hazardous substances may exist on some of the properties that it owns, manages or occupies
The Company faces the risk that environmental laws could force it to clean up the properties at the Companyapstas expense
The Company could also be liable for pollution generated by a borrowerapstas operations if the Company took a role in managing those operations after default
Resale of contaminated properties may also be difficult
COMPETITION WITH OTHER BANKING INSTITUTIONS COULD ADVERSELY AFFECT PROFITABILITY The banking industry is highly competitive
The Company faces competition not only from other financial institutions within the markets it serves, but deregulation has resulted in competition from companies not typically associated with financial services as well as companies accessed through the internet
As a community bank, the Company attempts to combat this increased competition by developing and offering new products and increased quality of services
Interest rate fluctuations are caused by many factors which, for the most part, are not under our direct control
For example, national monetary policy plays a significant role in the determination of interest rates
Additionally, competitor pricing and the resulting negotiations that occur with our customers also impact the rates we collect on loans and the rates we pay on deposits
As interest rates change, we expect that we will periodically experience &quote gaps &quote in the interest rate sensitivities of our assets and liabilities, meaning that either our interest-bearing liabilities will be more sensitive to changes in market interest rates than our interest-earning assets, or vice versa
In either event, if market interest rates should move contrary to our position, this &quote gap &quote may work against us, and our earnings may be negatively affected
Changes in the level of interest rates also may negatively affect our ability to originate loans, the value of our assets and our ability to realize gains from the sale of our assets, all of which ultimately affect our earnings
A decline in the market value of our assets may limit our ability to borrow additional funds
As a result, we could be required to sell some of our loans and investments under adverse market conditions, upon terms that are not favorable to us, in order to maintain our liquidity
If those sales are made at prices lower than the amortized costs of the investments, we will incur losses
See additional discussion on interest rate risk in &quote Item 7
Managementapstas Discussion and Analysis of Financial Condition and Results of Operations - Interest Rate Risk &quote
OPERATIONAL RISK Operational risk represents the risk of loss resulting from the Companyapstas operations, including but not limited to, the risk of fraud by employees or persons outside the Company, the execution of unauthorized transactions by employees, transaction processing errors and breaches of internal control system and compliance requirements
This risk of loss also includes the potential legal actions that could arise as a result of an operational deficiency or as a result of noncompliance with applicable regulatory standards, adverse business decisions or their implementation and customer attrition due to potential negative publicity
Operational risk is inherent in all business activities and the management of this risk is important to the achievement of the Companyapstas objectives
In the event of a breakdown in the internal control system, improper operation of systems or improper employee actions, the Company could suffer financial loss, face regulatory action and suffer damage to its reputation
The Company manages operational risk through a risk management framework and its internal control processes
The framework involves business units, corporate risk management personnel and executive management
Under this framework, the business units have direct and primary responsibility and accountability for identifying, controlling and monitoring operational risk
Business unit managers maintain a system of controls with the objective of providing proper transaction authorization and execution, proper system - 7 - operations, safeguarding of assets from misuse or theft and ensuring the reliability of financial and other data
Business unit managers ensure that the controls are appropriate and are implemented as designed
Business continuation and disaster recovery planning is also critical to effectively manage operational risks
The Companyapstas internal audit function (currently outsourced to a third party) validates the system of internal controls through risk-based regular and ongoing audit procedures and reports on the effectiveness of internal controls to executive management and the Audit Committee of the Board
While the Company believes that it has designed effective methods to minimize operational risks, there is no absolute assurance that business disruption or operational losses would not occur in the event of disaster
DEPENDENCE ON TECHNOLOGY AND TECHNOLOGICAL IMPROVEMENTS The financial services industry is undergoing rapid technological changes with frequent introductions of new technology-driven products and services
In addition, to better serve customers, the effective use of technology increases efficiency and enables financial institutions to reduce costs
Many of our competitors have substantially greater resources to invest in technological improvements