69 unchanged sentences
In the Bank's service areas, new competitors, as well as the expanding operations of existing competitors, have had, and are expected to continue to have, an adverse impact on the Bank's market share of deposits and loans in such service areas.
−Removed: The Bank experiences substantial competition for deposits and loans within both its primary service areas of the cities of Jefferson City, Columbia, Clinton, Lee's Summit, Warsaw, and Springfield, Missouri, as well as within its secondary service areas of the nearby communities in the Missouri counties of Cole, Boone, Henry, Cass, Benton, and Greene.
+Added: The Bank experiences substantial competition for deposits and loans within Missouri communities in and surrounding its primary service areas of the cities of Jefferson City, Columbia, Clinton, Warsaw, Springfield, and the greater Kansas City metropolitan area, as well as within its secondary service areas of the nearby Missouri communities in the counties of Cole, Boone, Henry, Cass, Benton, and Greene.
The Bank's principal competition for deposits and loans comes from other banks within its primary service areas and, to an increasing extent, other banks located in its secondary service areas.
−Removed: Based on publicly available information, management believes that the Bank is the second largest (in terms of deposits) of the 11 banks within Cole county, the eleventh largest (in terms of deposits) of the 21 banks within Boone county, the largest (in terms of deposits) of the 8 banks within Henry county, the third largest (in terms of deposits) of the 18 banks within Cass county, and the second largest (in terms of deposits) of the 5 banks within Benton county.
+Added: Based on publicly available information, management believes that the Bank is the second largest (in terms of deposits) of the 11 banks within Cole county, the eleventh largest (in terms of deposits) of the 21 banks within Boone county, the largest (in terms of deposits) of the eight banks within Henry county, the second largest (in terms of deposits) of the 19 banks within Cass county, and the second largest (in terms of deposits) of the five banks within Benton county.
The main competition for Hawthorn Bank's trust services is from other commercial banks, including those of the Kansas City metropolitan area.
152 unchanged sentences
Under the FDIA, an FDIC-insured institution may not pay dividends while it is undercapitalized or if payment would cause it to become undercapitalized.
−Removed: The National Bank Act and Missouri banking law also prohibit the declaration of a dividend out of the capital and surplus of the Bank.
+Added: Under Missouri law, the Bank may pay dividends to the Company only from a portion of its undivided profits and may not pay dividends if its capital is impaired.
Community Reinvestment Act.
5 unchanged sentences
The final rule adjusts Community Reinvestment Act evaluations based on bank size and type, with many of the changes applying only to banks with over $2 billion in assets, and several applying only to banks with over $10 billion in assets.
−Removed: The final rule takes effect April 1, 2024, with staggered compliance dates of January 1, 2026, and January 1, 2027.
+Added: The final rule took effect on April 1, 2024, with staggered compliance dates of January 1, 2026, and January 1, 2027.
The Company will evaluate the effects of the final rule on the Bank prior to the applicable compliance date and review its Community Reinvestment Act program in connection therewith.
14 unchanged sentences
The Company cannot predict the impact that the Dodd-Frank Act, and the various regulations issued thereunder will have on its business.
+Added: The Company is monitoring the impact of the change in presidential administration to the Consumer Financial Protection Bureau and other applicable banking regulations, which impact is not currently known.
Key provisions of the EGRRCPA as it relates to community banks and bank holding companies include, but are not limited to:
30 unchanged sentences
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.