▸ Affordable housing loans involve unique risks that could adversely affect our business· · ● 1 ▸ Compliance with labor and employment laws, including the Family and Medical Leave Act, could increase our costs and negatively affect operations.· · ● 1 ▸ Our business is highly dependent on the successful and uninterrupted functioning of our information technology and telecommunications systems, third party servicers, accounting systems, mobile and online banking platforms and· ● · 1 ▸ Certain banking laws and certain provisions of our third amended and restated articles of incorporation may have an anti-takeover effect.● ● · 2 ▸ Greater seasoning of our loan portfolio could increase risk of credit defaults in the future.● ● · 2 ▸ Labor shortages and a failure to attract and retain qualified employees could negatively impact our business, financial condition, results of operations and growth prospects.● ● · 2 ▸ Our ability to maintain our reputation is critical to the success of our business, and the failure to do so may materially adversely affect our business and the value of our stock.● ● · 2 ▸ Our liquidity is dependent on dividends from the Bank.● ● · 2 ▸ Our second amended and restated bylaws have an exclusive forum provision, which could limit a shareholder’s ability to obtain a favorable judicial forum for disputes with us or our directors, officers or other employees.● ● · 2 ▸ The small to midsized businesses that we lend to may have fewer resources to weather adverse business developments, which may impair their ability to repay their loans.● ● · 2 ▸ There is uncertainty surrounding potential legal, regulatory and policy changes by new presidential administrations in the United States that may directly affect financial institutions and the global economy.● ● · 2 ▸ A decline in the business and economic conditions in our market could have a material adverse effect on our business, financial condition, results of operations and growth prospects.● ● ● 3 ▸ An investment in our common stock is not an insured deposit.● ● ● 3 ▸ Changes in accounting policies or standards could materially impact our financial statements.● ● ● 3 ▸ Changes in tax laws and regulations, or changes in the interpretation of existing tax laws and regulations, may have a material adverse effect on our business, financial condition, results of operations and growth prospects.● ● ● 3 ▸ Elevated levels of inflation could adversely impact our clients’ businesses, adversely impacting our business, financial condition, results of operations and growth prospects.● ● ● 3 rw ▸ Federal and state regulators periodically examine our business, and we may be required to remediate adverse examination findings.● ● ● 3 ▸ Future issuances of common stock could result in dilution, which could cause our common stock price to decline.● ● ● 3 ▸ If we pursue strategic acquisitions, it may expose us to financial, execution and operational risks.● ● ● 3 ▸ Issues with the use of artificial intelligence in our marketplace may result in reputational harm or liability, or could otherwise adversely affect our business.● ● ● 3 ▸ group Legal, Accounting and Compliance Risks● ● ● 3 ▸ group Liquidity and Funding Risks● ● ● 3 ▸ Liquidity risks could affect our operations and jeopardize our business, financial condition, results of operations and growth prospects.● ● ● 3 ▸ Litigation and regulatory actions, including possible enforcement actions, could subject us to significant fines, penalties, judgments or other requirements resulting in increased expenses or restrictions on our business activities.● ● ● 3 ▸ group Market and Interest Rate Risks● ● ● 3 ▸ Monetary policies of the Federal Reserve could adversely affect our financial condition and results of operations.● ● ● 3 ▸ New lines of business, products, product enhancements or services may subject us to additional risks.● ● ● 3 ▸ Noncompliance with the Bank Secrecy Act and other anti-money laundering statutes and regulations could result in fines or sanctions against us.● ● ● 3 ▸ Nonperforming assets take significant time and resources to resolve and adversely affect our net interest income.● ● ● 3 ▸ group Operational, Strategic and Reputational Risks● ● ● 3 ▸ Our accounting estimates, risk management processes and controls rely on analytical and forecasting techniques and models and assumptions, which may not accurately predict future events.● ● ● 3 ▸ Our allowance for credit losses may prove to be insufficient to absorb potential credit losses in our loan portfolio.● ● ● 3 ▸ Our business depends on our ability to manage credit risk.● ● ● 3 ▸ Our business is subject to interest rate risk, and fluctuations in interest rates may adversely affect our earnings.● ● ● 3 ▸ Our high concentration of large depositors may increase our liquidity risk, and the loss of any large depositor may negatively impact our net interest margin.● ● ● 3 ▸ Our high concentration of large loans to certain borrowers may increase our credit risk.● ● ● 3 ▸ Our loan portfolio has a concentration of commercial real estate loans, which involve risks specific to real estate values and the health and market dynamics of the real estate market generally.● ● ● 3 ▸ Our risk management framework and programs may not be effective in mitigating risks or losses to us.● ● ● 3 ▸ Our stock is relatively thinly traded.● ● ● 3 ▸ Our use of third party vendors and our other ongoing third party business relationships is subject to increasing regulatory requirements and attention.● ● ● 3 ▸ Regulations relating to privacy, information security and data protection could increase our costs, affect or limit how we collect and use personal information and adversely affect our business opportunities.● ● ● 3 ▸ Severe weather, natural disasters, widespread disease or pandemics, acts of war or terrorism or other adverse external events could significantly impact our business.● ● ● 3 ▸ The Federal Reserve may require us to commit capital resources to support the Bank.● ● ● 3 ▸ The financial reporting resources we have put in place may not be sufficient to ensure the accuracy of the additional information we are required to disclose as a publicly listed company.● ● ● 3 ▸ The holders of our debt obligations and preferred stock will have priority over our common stock with respect to payment in the event of liquidation, dissolution or winding up and with respect to the payment of interest and dividends.● ● ● 3 ▸ The obligations associated with being a public company require significant resources and management attention, which may divert time and attention from our business operations.● ● ● 3 ▸ The occurrence of fraudulent activity, breaches or failures of our information security controls or cybersecurity-related incidents could have a material adverse effect on our business, financial condition, results of operations and growth prospects.● ● ● 3 ▸ The price of our common stock could be volatile and other factors could cause our stock price to decline.● ● ● 3 ▸ We are subject to commercial real estate lending guidance issued by the federal banking regulators that impacts our operations and capital requirements.● ● ● 3 ▸ We are subject to extensive regulation, and the regulatory framework that applies to us, together with any future legislative or regulatory changes, may significantly affect our operations.● ● ● 3 ▸ We are subject to more stringent capital requirements.● ● ● 3 ▸ We are subject to numerous laws designed to protect consumers, including the Community Reinvestment Act and fair lending laws, and failure to comply with these laws could lead to a wide variety of sanctions.● ● ● 3 ▸ We cannot guarantee that our stock repurchase program will be fully implemented or that it will enhance long-term shareholder value.● ● ● 3 ▸ We could recognize losses on securities held in our securities portfolio, particularly if interest rates increase or economic and market conditions deteriorate.● ● ● 3 ▸ We depend on critical systems of third parties, and any systems failures, interruptions or data breaches involving these systems could adversely affect our operations and financial condition.● ● ● 3 ▸ We depend on non-core funding sources, which causes our cost of funds to be higher when compared to other financial institutions.● ● ● 3 ▸ We depend on the accuracy and completeness of information about clients and counterparties.● ● ● 3 ▸ We have a continuing need for technological change, and we may not have the resources to effectively implement new technology or we may experience operational challenges when implementing new technology.● ● ● 3 ▸ We may be adversely affected by changes in the actual or perceived soundness or condition of other financial institutions.● ● ● 3 ▸ We may not be able to implement our growth strategy or manage costs effectively, resulting in lower earnings or profitability.● ● ● 3 ▸ We operate in a highly competitive and changing industry and market area and compete with both banks and non-banks.● ● ● 3 
