Pacific Financial Corporation (PFLC) 2011年年度报告「OTC」.pdf

1、230558_BNY_Cvr_r1.indd 13/13/12 2:02 PMFORWARD LOOKING INFORMATIONThis document contains forward-looking statements that are subject to risks and uncertainties.These statements are based on the current beliefs and assumptions of our management,and on information currently available to them.Forward-l

2、ooking statements include the information concerning our possible future results of operations set forth under“Managements Discussion and Analysis of Financial Condition and Results of Operations”and statements preceded by,followed by or that include the words“believes,”“expects,”“anticipates,”“inte

3、nds,”“plans,”“estimates”or similar expressions.Any forward-looking statements in this document are subject to risks relating to,among other things,the factors described under the heading“Risk Factors”in Part I,Item 1.A to our Annual Report of Form 10-K for the fiscal year ended December 31,2011(the“

4、Form 10-K”),as well as the following:1.changing laws,regulations,standards,and government programs,that may limit our revenue sources,eliminate insurance currently available on some deposit products,significantly increase our costs,including compliance and insurance costs,and place additional burden

5、s on our limited management resources;2.poor economic or business conditions,nationally and in the regions in which we do business,that have resulted in,and may continue to result in,among other things,a deterioration in credit quality and/or reduced demand for credit and other banking services,and

6、additional workout and other real estate owned(“OREO”)expenses;3.decreases in real estate and other asset prices,whether or not due to changes in economic conditions,that may reduce the value of the assets that serve as collateral for many of our loans;petitive pressures among depository and other f