HMPR » Topics » We may not be able to successfully manage our growth, which may adversely affect our results of operations and financial condition.

These excerpts taken from the HMPR 10-K filed Mar 30, 2009.

We may not be able to successfully manage our growth, which may adversely affect our results of operations and financial condition.

Our business strategy calls for continued growth. We anticipate being able to support this growth through the mergers we executed during 2008, as well as through the generation of additional deposits at new branch locations and through investment opportunities. However, we may need to raise capital in the future to support our continued growth and to maintain our capital levels. Our ability to raise capital through the sale of additional securities will depend primarily upon our financial condition and the condition of financial markets at that time. We may not be able to obtain capital in the amounts or on terms satisfactory to us. Our growth may be constrained if we are unable to raise capital as needed. Further, if we raise capital through the sale of additional securities, it is possible that such issuance may be dilutive to the interests of existing shareholders.

Our ability to continue to grow also depends, in part, upon our ability to:

 

   

Open new branch offices or acquire existing branches or other financial institutions;

 

   

Attract deposits to those locations; and

 

   

Identify attractive loan and investment opportunities.

We may not be able to successfully implement our growth strategy if we are unable to identify attractive markets, locations or opportunities to expand in the future. Our ability to manage our growth successfully also will depend on whether we can maintain capital levels adequate to support our growth, maintain cost controls and asset quality and successfully integrate any businesses we acquire into our organization. As we continue to implement our growth strategy by opening new branches or acquiring branches or other banks, we expect to

 

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incur increased personnel, occupancy and other operating expenses. In the case of new branches, we must absorb those higher expenses while we begin to generate new deposits, and there is a further time lag involved in redeploying new deposits into attractively priced loans and other higher yielding earning assets. Thus, our plans for branch expansion could decrease our earnings in the short run, even if we efficiently execute our branching strategy.

We may not be able to successfully manage our growth, which may adversely affect our results of operations and financial condition.

Our business strategy calls for continued growth. We anticipate being able to support this growth through the mergers we executed during 2008, as well as through the generation of additional deposits at new branch locations and through investment opportunities. However, we may need to raise capital in the future to support our continued growth and to maintain our capital levels. Our ability to raise capital through the sale of additional securities will depend primarily upon our financial condition and the condition of financial markets at that time. We may not be able to obtain capital in the amounts or on terms satisfactory to us. Our growth may be constrained if we are unable to raise capital as needed. Further, if we raise capital through the sale of additional securities, it is possible that such issuance may be dilutive to the interests of existing shareholders.

Our ability to continue to grow also depends, in part, upon our ability to:

 

   

Open new branch offices or acquire existing branches or other financial institutions;

 

   

Attract deposits to those locations; and

 

   

Identify attractive loan and investment opportunities.

We may not be able to successfully implement our growth strategy if we are unable to identify attractive markets, locations or opportunities to expand in the future. Our ability to manage our growth successfully also will depend on whether we can maintain capital levels adequate to support our growth, maintain cost controls and asset quality and successfully integrate any businesses we acquire into our organization. As we continue to implement our growth strategy by opening new branches or acquiring branches or other banks, we expect to

 

19


Table of Contents

incur increased personnel, occupancy and other operating expenses. In the case of new branches, we must absorb those higher expenses while we begin to generate new deposits, and there is a further time lag involved in redeploying new deposits into attractively priced loans and other higher yielding earning assets. Thus, our plans for branch expansion could decrease our earnings in the short run, even if we efficiently execute our branching strategy.

We may not be able to successfully manage our growth, which may adversely affect our results of operations and financial condition.

Our business strategy calls for continued growth. We anticipate being able to support this growth through the mergers we executed during 2008, as well as through the generation of additional deposits at new branch locations and through investment opportunities. However, we may need to raise capital in the future to support our continued growth and to maintain our capital levels. Our ability to raise capital through the sale of additional securities will depend primarily upon our financial condition and the condition of financial markets at that time. We may not be able to obtain capital in the amounts or on terms satisfactory to us. Our growth may be constrained if we are unable to raise capital as needed. Further, if we raise capital through the sale of additional securities, it is possible that such issuance may be dilutive to the interests of existing shareholders.

Our ability to continue to grow also depends, in part, upon our ability to:

 

   

Open new branch offices or acquire existing branches or other financial institutions;

 

   

Attract deposits to those locations; and

 

   

Identify attractive loan and investment opportunities.

We may not be able to successfully implement our growth strategy if we are unable to identify attractive markets, locations or opportunities to expand in the future. Our ability to manage our growth successfully also will depend on whether we can maintain capital levels adequate to support our growth, maintain cost controls and asset quality and successfully integrate any businesses we acquire into our organization. As we continue to implement our growth strategy by opening new branches or acquiring branches or other banks, we expect to

 

19


Table of Contents

incur increased personnel, occupancy and other operating expenses. In the case of new branches, we must absorb those higher expenses while we begin to generate new deposits, and there is a further time lag involved in redeploying new deposits into attractively priced loans and other higher yielding earning assets. Thus, our plans for branch expansion could decrease our earnings in the short run, even if we efficiently execute our branching strategy.

We may not be able to successfully manage our growth, which may adversely affect our results of operations and financial
condition.

Our business strategy calls for continued growth. We anticipate being able to support this growth through the mergers
we executed during 2008, as well as through the generation of additional deposits at new branch locations and through investment opportunities. However, we may need to raise capital in the future to support our continued growth and to maintain our
capital levels. Our ability to raise capital through the sale of additional securities will depend primarily upon our financial condition and the condition of financial markets at that time. We may not be able to obtain capital in the amounts or on
terms satisfactory to us. Our growth may be constrained if we are unable to raise capital as needed. Further, if we raise capital through the sale of additional securities, it is possible that such issuance may be dilutive to the interests of
existing shareholders.

Our ability to continue to grow also depends, in part, upon our ability to:

STYLE="font-size:6px;margin-top:0px;margin-bottom:0px"> 







  

Open new branch offices or acquire existing branches or other financial institutions;

STYLE="font-size:6px;margin-top:0px;margin-bottom:0px"> 







  

Attract deposits to those locations; and

 







  

Identify attractive loan and investment opportunities.

FACE="Times New Roman" SIZE="2">We may not be able to successfully implement our growth strategy if we are unable to identify attractive markets, locations or opportunities to expand in the future. Our ability to manage our growth successfully also
will depend on whether we can maintain capital levels adequate to support our growth, maintain cost controls and asset quality and successfully integrate any businesses we acquire into our organization. As we continue to implement our growth
strategy by opening new branches or acquiring branches or other banks, we expect to

 


19







Table of Contents



incur increased personnel, occupancy and other operating expenses. In the case of new branches, we must absorb those higher expenses while we begin to
generate new deposits, and there is a further time lag involved in redeploying new deposits into attractively priced loans and other higher yielding earning assets. Thus, our plans for branch expansion could decrease our earnings in the short run,
even if we efficiently execute our branching strategy.

EXCERPTS ON THIS PAGE:

10-K (4 sections)
Mar 30, 2009
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