ADDED
Changes in interest rates, including recent increases to interest rates; General economic and market conditions, including the risk of a significant and/or prolonged period of inflation or economic downturn; Changes in the value of securities in our investment portfolio; The soundness of other financial institutions; The political environment and governmental fiscal and monetary policies; Changes in U.S.
Our client-centric, technology-enabled services model provides secure and scalable banking, clearing and custody, and investment advisory solutions to retail and business customers.
Our common stock is listed on the New York Stock Exchange under the ticker symbol AX and is a component of the Russell 2000 Index and the S P SmallCap 600 Index, among other indices.
Our commercial real estate loans generally have a variable rate, which is generally based on SOFR, as well as prepayment protection clauses, interest rate floors and rate change caps.
Product types include lender finance, asset-based loans, leveraged cash flow loans, insurance premium finance, capital call facilities, equipment leases, and general working capital commercial and industrial loans.
Auto Consumer Our Auto loans are secured by new and used automobiles ( auto ) and are sourced primarily through indirect channels.
Originations are prime credit quality with a fixed interest rate and terms ranging from three to eight years.
A subset of loans serviced in the portfolio continue to include a legacy product no longer offered on new originations that is composed of default risk-insured subprime borrowers.
Ongoing collections of insured losses will continue as this population of loans remains active in the portfolio.
Our investment policy is designed to maintain liquidity and generate a favorable return on investment without incurring undue interest rate risk, credit risk or asset concentration risk.
REMOVED
Our client-centric, technology platforms provide secure and scalable banking, clearing and custody, and investment advisory solutions to retail and business customers.
Our common stock is listed on the New York Stock Exchange under the ticker symbol AX and is a component of the Russell 2000 Index, the KBW Nasdaq Financial Technology Index, the S P SmallCap 600 Index, the KBW Nasdaq Financial Technology Index, and the Travillian Tech-Forward Bank Index.
Our commercial real estate loans generally have a variable rate, based on SOFR, the American Interbank Offered Rate ( Ameribor ) or other interest rate indices, as well as prepayment protection clauses, interest rate floors and rate change caps.
Product types include lender finance, asset-based loans, leveraged cash flow loans, insurance premium finance, fund finance, equipment leases, and general commercial and industrial loans.
Auto Consumer Our Auto loans are secured by new and used automobiles ( autos ).
Loans to subprime borrowers are insured via a default risk mitigation product in which we recoup a large percentage of the deficiency balance on charged off loans.
We source auto loans through direct and indirect channels and retain and service all of the auto loans that we originate.
Auto loans carry a fixed interest rate for periods ranging from three to eight years.
Our investment policy, as established by our Board of Directors, is designed to maintain liquidity and generate a favorable return on investment without incurring undue interest rate risk, credit risk or asset concentration risk.
For additional information on our available-for-sale securities portfolio, refer to Management s Discussion and Analysis Critical Accounting Policies Securities and Note 3 Fair Value and Note 4 Available-For-Sale Securities in the Consolidated Financial Statements.