USCB FINANCIAL HOLDINGS, INC.
For the period ended Dec 31, 2024. Filed Mar 14, 2025.
View on SEC.govAbout this filing
A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2024 · Filed Mar 14, 2025
What changed in Risk Factors?
Read the current filingPrevious report: 10-K
Period ended 2023-12-31; filed 2024-03-22.
0001562762-24-000061
Item 1A. Risk FactorsCurrent report: 10-K
Period ended 2024-12-31; filed 2025-03-14.
0001562762-25-000043
Item 1A. Risk FactorsThe baseline is this issuer’s latest earlier reporting period of the same form that was filed before the current report. A previous 10-Q is a different quarter, not a year-over-year comparison. Amendments are excluded.
Compared 7213 previous paragraphs and 7923 current paragraphs.
5996 unchanged; 79 reworded; 1833 added; 1129 removed; 9 previous and 15 current paragraphs rearranged.
Tables are not compared: 0 previous and 0 current tables excluded. Dates, whitespace, punctuation and numbering changes are ignored; changes to financial figures remain significant.
A changed paragraph is not evidence that risk increased or decreased. An unchanged paragraph does not establish that risk stayed the same.
Added paragraphs (1833)
Current report
Our concentration of real estate loans in a limited market
Current report
The soundness of other financial institutions could adversely
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Our current and future uses of Artificial Intelligence (AI)
Current report
and other emerging technologies may create additional
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Removed paragraphs (1129)
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industry causing disruptive deposit outflows and other destabilizing
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Reworded paragraphs (79)
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more fully in this Item 1A and include, without limitation, the
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more fully in this Item 1A and include, without limitation,
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Global banking is an important part of our business, which
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Correspondent banking is an important part of our business,
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company, we may not efficiently or effectively create an
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stock to decline and subject us to regulatory penalti
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our lending were more geographically diversified.
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our lending were more geographically diversified. Additionally, the COVID-19 pandemic accelerated the adoption of remote
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properties underlying our mortgage loans, which would
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on our results of operations and financial condition.
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and our ongoing operations, costs and profitability.
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we use in our business operations, such as electricity and other utilities, which increases our noninterest expenses. Also, a
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our business operations, such as electricity and other utilities,
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and materially and adversely affect our results
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adversely impact our results of operations and financial condition.
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which would adversely impact our results of operations
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material adverse effect on our business, financial
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and is likely to continue to impose material additional, financial and economic sanctions and export controls against certain
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business, results of operations and financial condition could be
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condition could be materially and adversely impacted.
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defaults, foreclosures and additional charge-offs and
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administrator of LIBOR announced its intention to
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of LIBOR would not be guaranteed beyond 2021. In December 2020, the administrator of LIBOR announced its intention to
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an alternative to LIBOR for use in new contracts in 2023.
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2023, ratings agencies have lowered or threatened to lower the long-term sovereign credit rating on the United States. The
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caused the U.S. federal government to shut down for periods of time. Continued adverse
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CECL. As a result of the initial implementation of CECL,
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losses for any reason, such increase could adversely affect our business, prospects, cash flow,
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buildings, commercial real estate, and construction
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buildings, commercial real estate, and construction and
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Global banking is an important part of our business, which creates
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Correspondent banking is an important part of our
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foreign financial institutions and international private banking could result
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and international private banking could result in regulatory
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in regulatory or other actions being taken against
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or other actions being taken against us, including the imposition
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report the problem, we may fail to address it quickly enough or at all, or some loans, due to market circumstances, may not
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earnings and results of operations and financial condition, to the extent the losses exceed our allowance for loan and lease
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extent the losses exceed our allowance for loan and lease
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our liens or the value of the collateral securing any particular loan may not be sufficient to protect us from suffering a partial
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assessments on its property owners, some of whom may not have the ability to pay such assessments. In such events, we
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assessments. In such events, we could suffer loan losses,
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losses, financial condition, and results of operations.
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allowance for loan and lease losses, financial condition,
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administration costs could increase, each of which could have an adverse effect on our net income and related ratios, such
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the values of these securities in future periods.
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Rearranged current paragraphs (15)
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create an effective internal control environment,
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government to shut down for periods
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of time. Continued adverse political and
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conditions could have a material adverse effect
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business, which creates increased BSA/AML risk.
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increase our allowance for loan and
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particular loan may not be sufficient
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which could have a material adverse effect on our
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on our net income and related ratios, such as return
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our business, financial condition and results of
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an adverse effect on our business, financial condition
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we will need to dedicate internal
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which could have a material adverse effect on
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could adversely affect our business, results
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would own 4.95% or more of our
Rearranged previous paragraphs (9)
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retaliatory tariffs or other trade restrictions on
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material adverse effect on our business, financial
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could have a material adverse effect on our business,
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we may be required to incur
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business, financial condition, results of operations, and the
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adverse effect on our business, financial condition
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application of more stringent capital requirements for
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material adverse effect on our financial condition
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affect our business, results of operations, financial condition,