Peoples Bancorp of North Carolina (PEBK) risk factors

Item 1A of every Peoples Bancorp of North Carolina Inc. 10-K on file, and what changed from one year to the next. Readings are automated and can be wrong; check the filing for the exact wording.

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FY2025 10-K risk factors
43 risks2 new1 reworded
The company added specific risks regarding artificial intelligence adoption and fintech competition under laws like the GENIUS Act of 2025. Concentration risk increased as the two largest deposit relationships grew to $122.7 million or 8.13% of total deposits.
Filed Mar 11, 2026
FY2024 10-K risk factors
41 risks
The company's risk profile is heavily dominated by credit exposure in real estate lending within the Catawba Valley region, reliance on customer deposits for funding, and strict regulatory oversight.
Filed Mar 12, 2025