We serve customers in our United States markets and select international customers. Results of these segments were presented on a managed basis. These limits are reviewed periodically by the Bank's board of directors. Our deposits are fully-insured by the FDIC, subject to applicable limits. The scalability of our infrastructure is designed to support our expansion strategy. 11Table of Contents Our workforce is managed in alignment with business needs. Approximately 91% of our employees are in Florida, 7% in Texas and 1% in New York. As a result, it is subject to regulation and deposit insurance assessments by the FDIC. Mr. Wilson also served as an alternate director for the Former Parent from 2015 to 2017. Mr. Palacios is responsible for products & channels. 8226;Holders of shares of Class B common stock have limited voting rights. We may be adversely affected by the transition of LIBOR as a reference rate. CECL will substantially change how we calculate our allowance for loan losses. Our brokered deposits at December 31, 2020 were 11.1% of total deposits. See "Supervision and Regulation—Capital. Many of these factors, including interest rates, are not within our control. Our success depends on our ability to compete effectively in highly competitive markets. All of these could adversely affect our financial condition and results of operations. The stock price of financial institutions, like Amerant, may fluctuate significantly. We do not currently intend to pay dividends on our common stock.
