| Industries |
|---|
| Asset Management and Custody Banks |
| Real Estate |
| Real Estate Services |
| Exposures |
|---|
| Military |
| Provide |
| Judicial |
| Express intent |
| Regime |
| Leadership |
| Event Codes |
|---|
| Accident |
| Sports contest |
| Solicit support |
| Sanction |
| Promise |
| Offer peace proposal |
| Propose |
| Yield to order |
| Demand |
| Host meeting |
| Acknowledge responsibility |
| Wiki | Wiki Summary |
|---|---|
| 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. |
| 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. |
| Strategic material | Strategic material is any sort of raw material that is important to an individual's or organization's strategic plan and supply chain management. Lack of supply of strategic materials may leave an organization or government vulnerable to disruption of the manufacturing of products which require those materials. |
| Retail banking | Retail banking, also known as consumer banking or personal banking, is the provision of services by a bank to the general public, rather than to companies, corporations or other banks, which are often described as wholesale banking. Banking services which are regarded as retail include provision of savings and transactional accounts, mortgages, personal loans, debit cards, and credit cards. |
| History of banking | The history of banking began with the first prototype banks which were the merchants of the world, who gave grain loans to farmers and traders who carried goods between cities. This was around 2000 BCE in Assyria, India and Sumeria. |
| 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. |
| 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. |
| Basel III | Basel II is the second of the Basel Accords, which are recommendations on banking laws and regulations issued by the Basel Committee on Banking Supervision. It is now extended and partially superseded by Basel III.\nThe Basel II Accord was published in June 2004. |
| Earnings before interest, taxes, depreciation and amortization | A company's earnings before interest, taxes, depreciation, and amortization (commonly abbreviated EBITDA, pronounced , , or ) is a measure of a company's profitability of the operating business only, thus before any effects of indebtedness, state-mandated payments, and costs required to maintain its asset base. It is derived by subtracting from revenues all costs of the operating business (e.g. |
| Income tax in the United States | Income taxes in the United States are imposed by the federal government, and most states. The income taxes are determined by applying a tax rate, which may increase as income increases, to taxable income, which is the total income less allowable deductions. |
| 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. |
| Liability (financial accounting) | In financial accounting, a liability is defined as the future sacrifices of economic benefits that the entity is\nobliged to make to other entities as a result of past transactions or other past events, the settlement of which may result in the transfer or use of assets, provision of services or other yielding of economic benefits in the future.\n\n\n== Characteristics ==\nA liability is defined by the following characteristics:\n\nAny type of borrowing from persons or banks for improving a business or personal income that is payable during short or long time;\nA duty or responsibility to others that entails settlement by future transfer or use of assets, provision of services, or other transaction yielding an economic benefit, at a specified or determinable date, on occurrence of a specified event, or on demand;\nA duty or responsibility that obligates the entity to another, leaving it little or no discretion to avoid settlement; and,\nA transaction or event obligating the entity that has already occurredLiabilities in financial accounting need not be legally enforceable; but can be based on equitable obligations or constructive obligations. |
| Statement of Assets, Liabilities, and Net Worth | A Statement of Assets, Liabilities, and Net Worth (SALN) is an annual document that all government workers in the Philippines, whether regular or temporary, must complete and submit attesting under oath to their total assets and liabilities, including businesses and financial interests, that make up their net worth. The assets and liabilities of the official, his or her spouse, and any unmarried children under 18 who are living at home, must be included. |
| 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. |
| 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. |
| Compound interest | Compound interest is the addition of interest to the principal sum of a loan or deposit, or in other words, interest on principal plus interest. It is the result of reinvesting interest, or adding it to the loaned capital rather than paying it out, or requiring payment from borrower, so that interest in the next period is then earned on the principal sum plus previously accumulated interest. |
| Interest rate parity | Interest rate parity is a no-arbitrage condition representing an equilibrium state under which investors interest rates available on bank deposits in two countries. The fact that this condition does not always hold allows for potential opportunities to earn riskless profits from covered interest arbitrage. |
| Monetary Policy Committee (India) | The Monetary Policy Committee is responsible for fixing the benchmark interest rate in India. The meetings of the Monetary Policy Committee are held at least 4 times a year (specifically, at least once a QUARTER) and it publishes its decisions after each such meeting. |
| Monetary policy of the United States | Monetary policy of The United States concerns those policies related to the minting & printing of money, policies governing the legal exchange of currency, demand deposits, the money supply, etc. In the United States, the central bank, The Federal Reserve System, colloquially known as "The Fed" is the monetary authority. |
| Bridge loan | A bridge loan is a type of short-term loan, typically taken out for a period of 2 weeks to 3 years pending the arrangement of larger or longer-term financing. It is usually called a bridging loan in the United Kingdom, also known as a "caveat loan," and also known in some applications as a swing loan. |
| Increase Mather | Increase Mather (; June 21, 1639 Old Style – August 23, 1723 Old Style) was a New England Puritan clergyman in the Massachusetts Bay Colony and president of Harvard College for twenty years (1681–1701). He was influential in the administration of the colony during a time that coincided with the notorious Salem witch trials. |
| 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). |
| Allowance for Loan and Lease Losses | In banking, the Allowance for Loan and Lease Losses (ALLL), formerly known as the reserve for bad debts, is a calculated reserve that financial institutions establish in relation to the estimated credit risk within the institution's assets. This credit risk represents the charge-offs that will most likely be realized against an institution's operating income as of the financial statement end date. |
| Foreclosure investment | Foreclosure investment refers to the process of investing capital in the public sale of a mortgaged property following foreclosure of the loan secured by that property.\nIn real estate, foreclosure is the termination of the equity of redemption of a mortgagor or the grantee in the property covered by the mortgage. |
| Countdown to Extinction | Countdown to Extinction is the fifth studio album by American heavy metal band Megadeth, released on July 14, 1992, through Capitol Records. It was the group's second studio release to feature the "classic" lineup of Dave Mustaine, Marty Friedman, David Ellefson and Nick Menza, with all of them contributing to songwriting on the album. |
| Student loans in the United States | Student loans in the United States are a form of financial aid intended to help students access higher education. In 2018, 70 percent of higher education graduates had used loans to cover some or all of their expenses.Student loan debt has proliferated since 2006, totaling $1.73 trillion by July 2021. |
| Periodical cicadas | The term periodical cicada is commonly used to refer to any of the seven species of the genus Magicicada of eastern North America, the 13- and 17-year cicadas. They are called periodical because nearly all individuals in a local population are developmentally synchronized and emerge in the same year. |
| List of Malayalam-language periodicals | The following is a list of periodicals and online magazines published in the Malayalam language. |
| Sex-determination system | A sex-determination system is a biological system that determines the development of sexual characteristics in an organism. Most organisms that create their offspring using sexual reproduction have two sexes. |
| Self-determination theory | Self-determination theory (SDT) is a macro theory of human motivation and personality that concerns people's innate growth tendencies and innate psychological needs. It pertains to the motivation behind people's choices in the absence of external influences and distractions. |
| Sex determination | The XY sex-determination system is a sex-determination system used to classify many mammals, including humans, some insects (Drosophila), some snakes, some fish (guppies), and some plants (Ginkgo tree). In this system, the sex of an individual is determined by a pair of sex chromosomes. |
| Regulatory sign | A regulatory sign is used to indicate or reinforce traffic laws, regulations or requirements which apply either at all times or at specified times or places upon a street or highway, the disregard of which may constitute a violation, or a sign in general that regulates public behavior in places open to the public. The FHWA defines regulatory sign as "a sign that gives notice to road users of traffic laws or regulations". |
| Chemical property | A chemical property is any of a material's properties that becomes evident during, or after, a chemical reaction; that is, any quality that can be established only by changing a substance's chemical identity. Simply speaking, chemical properties cannot be determined just by viewing or touching the substance; the substance's internal structure must be affected greatly for its chemical properties to be investigated. |
| Chancel repair liability | Chancel repair liability is a legal obligation on some property owners in England and Wales to pay for certain repairs to a church which may or may not be the local parish church.\nWhere people own property within land that was once rectorial (part of a rectory or glebe), they may have wittingly or unwittingly acquired a responsibility to fund repairs to the chancel of the medieval-founded Church of England parish church or Church in Wales church which that glebe land supported. |
| Citigroup | Citigroup Inc. or Citi (stylized as citi) is an American multinational investment bank and financial services corporation headquartered in New York City. |
| History of Wells Fargo | This article outlines the history of Wells Fargo & Company from its merger with Norwest Corporation and beyond. The new company chose to retain the name of "Wells Fargo" and so this article is about the history after the merger. |
| Risk Factors |
|---|
| FIRST NATIONAL LINCOLN CORP /ME/ ITEM 1A Risk Factors 7 ITEM 1A Risk Factors The risks and uncertainties described below are not the only ones the Company faces |
| Additional risks and uncertainties that we are unaware of, or that we currently deem immaterial, also may become important factors that affect us and our business |
| If any of these risks were to occur, our business, financial condition or results of operations could be materially and adversely affected |
| Competition We face significant competition for banking services in coastal Maine, the primary market in which we operate |
| Competition in the local banking industry may limit our ability to attract and retain customers |
| We may face competition now and in the future from the following: other banking institutions, including larger regional and national commercial banking organizations; savings banks; credit unions; other financial institutions; and non-bank financial services companies |
| In particular, our competitors include major financial companies whose greater resources may afford them a marketplace advantage by enabling them to maintain numerous banking locations and mount extensive promotional and advertising campaigns |
| Additionally, banks and other financial institutions with larger capitalization and financial intermediaries not subject to bank regulatory restrictions have larger lending limits, which enable them to serve the credit needs of larger customers |
| We also face competition from out-of-state financial intermediaries that have opened loan production offices or solicit deposits through the internet |
| If we are unable to attract and retain banking customers we may be unable to continue our loan growth and level of deposits and our results of operations and financial condition may otherwise be negatively affected |
| In the past, we have expanded our operations into non-banking activities such as asset management and wealth advisory services |
| We may have difficulty competing with more established providers of these products and services due to the intense competition in these service sectors |
| In addition, we may be unable to attract and retain non-banking customers due to our lack of market and product knowledge or other industry specific matters or an inability to attract and retain qualified, experienced employees |
| Our failure to attract and retain customers with respect to these non-banking activities could negatively impact our future earnings |
| Interest Rate Risk Our main source of income is net interest income, which is equal to the difference between the interest income received on loans, investment securities and other interest-bearing assets and the interest expense incurred in connection with deposits, borrowings and other interest-bearing liabilities |
| These rates are highly sensitive to many factors beyond our control, including general economic conditions, both domestic and foreign, and the monetary and fiscal policies of various governmental and regulatory authorities |
| We have asset and liability management policies that attempt to minimize the potential adverse effects of changes in interest rates on our net interest income, primarily by altering the mix and maturity of loans, investments and funding sources |
| However, even with these policies in place, we cannot provide assurance that changes in interest rates will not negatively impact our operating results |
| For a further discussion on the Companyapstas exposure to interest rate risk, see Item 7A: Quantitative and Qualitative Disclosures about Market Risk |
| Furthermore, our banking business is affected not only by general economic conditions, but also by the monetary policies of the Federal Reserve Board |
| Changes in monetary or legislative policies may affect the interest rates we must offer to attract deposits and the interest rates we can charge on our loans, as well as the manner in which we offer deposits and make loans |
| These monetary policies have had, and are expected to continue to have, significant effects on the operating results of depository institutions, including the Bank |
| Increases in interest rates also may reduce the demand for loans and, as a result, the amount of loan and commitment fees the Bank receives |
| Credit Risk A number of factors can impact the ability of borrowers to repay their current loan obligations, which could not only result in increased loan defaults, foreclosures and write-offs, but also necessitate further increases to our allowance for loan losses |
| If customers default on the repayment of their loans, our profitability could be adversely affected |
| A borrowerapstas default on its obligations under one or more of our loans may result in lost principal and interest income and increased operating expenses as a result of the allocation of management time and resources to the collection and work-out of the loans |
| If collection efforts are unsuccessful or acceptable workout arrangements cannot be reached, we may have to write-off the loans in whole or in part |
| Although we may acquire any real estate or other assets that secure the defaulted loans through foreclosure or other similar remedies, the amount owed under the defaulted loans may exceed the value of the assets acquired |
| Management periodically makes a determination of our allowance for loan losses based on available information, including the quality of our loan portfolio, economic conditions, the value of the underlying collateral and the level of Page 7 our non-accruing loans |
| If assumptions prove to be incorrect, our allowance may not be sufficient |
| Increases in this allowance will result in an expense for the period |
| If, as a result of general economic conditions or an increase in non-performing loans, management determines that an increase in our allowance for loan losses is necessary, we may incur additional expenses |
| As an integral part of their examination process, bank regulatory agencies periodically review our allowance for loan losses and the value we attribute to real estate acquired through foreclosure or other similar remedies |
| These regulatory agencies may require us to adjust our determination of the value of these items |
| These adjustments could negatively impact our results of operations or financial condition |
| Because we serve primarily individuals and smaller businesses located in coastal Maine, the ability of customers to repay their loans is impacted by the economic conditions in this area |
| In addition, our ability to continue to originate loans may be impaired by adverse changes in local and regional economic conditions |
| These events also could have an adverse effect on the value of our collateral and our financial condition |
| In the course of business, we may acquire, through foreclosure, properties securing loans that are in default |
| In commercial real estate lending, there is a risk that hazardous substances could be discovered on these properties |
| In this event, we might be required to remove these substances from the affected properties at our sole cost and expense |
| The cost of this removal could exceed the value of the affected properties |
| We may not have adequate remedies against the prior owners or other responsible parties and could find it difficult or impossible to sell the affected properties |
| The occurrence of one or more of these events could adversely affect our financial condition or operating results |
| Liquidity and Funding We have traditionally obtained funds principally through deposits and borrowings |
| As a general matter, deposits are a lower cost source of funds than borrowings, because interest rates paid for deposits are typically less than interest rates charged for borrowings |
| If, as a result of competitive pressures, market interest rates, general economic conditions or other events, the balance of our deposits decreases relative to our overall banking operations, we may have to rely more heavily on borrowings as a source of funds in the future |
| Such an increased reliance on borrowings could have a negative impact on our results of operations or financial condition |
| In addition, fluctuations in interest rates may result in disintermediation, which is the flow of funds away from depository institutions into direct investments that pay higher rates of return, and may affect the value of our investment securities and other interest-earning assets |
| Regulation Bank holding companies and nationally chartered banks operate in a highly regulated environment and are subject to supervision and examination by various regulatory agencies |
| The Company is subject to the Bank Holding Company Act of 1956, as amended, and to regulation and supervision by the Federal Reserve Board, or FRB The Bank is subject to regulation and supervision by the Office of the Comptroller of the Currency, or the OCC The cost of compliance with regulatory requirements may adversely affect our results of operations or financial condition |
| Federal and state laws and regulations govern numerous matters including: changes in the ownership or control of banks and bank holding companies; maintenance of adequate capital and the financial condition of a financial institution; permissible types, amounts and terms of extensions of credit and investments; permissible non-banking activities; the level of reserves against deposits; and restrictions on dividend payments |
| The OCC possesses cease and desist powers to prevent or remedy unsafe or unsound practices or violations of law by banks subject to their regulation, and the Federal Reserve Board possesses similar powers with respect to bank holding companies |
| These and other restrictions limit the manner in which we may conduct our business and obtain financing |
| Under regulatory capital adequacy guidelines and other regulatory requirements, we must meet guidelines that include quantitative measures of assets, liabilities, and certain off-balance sheet items, subject to qualitative judgments by regulators about components, risk weightings and other factors |
| If we fail to meet these minimum capital guidelines and other regulatory requirements, our financial condition would be materially and adversely affected |
| Our failure to maintain the status of "e well capitalized "e under our regulatory framework could affect the confidence of our customers in us, thus compromising our competitive position |
| In addition, failure to maintain the status of "e well capitalized "e under our regulatory framework or "e well managed "e under regulatory examination procedures could compromise our status as a bank holding company and related eligibility for a streamlined review process for acquisition proposals |
| Electronic Systems We rely heavily on communications and information systems to conduct our business |
| Any failure or interruptions or breach in security of these systems could result in failures or disruptions in our customer relationship management, general ledger, deposits, servicing or loan origination systems |
| The occurrence of any of these could result in a loss of customer business and have a material adverse effect on our results of operations and financial condition |