xa0; Banking Subsidiaries First National Bank, Ames, Iowa. State Bank is an Iowa, state-chartered, FDIC insured commercial bank. The Banks intend to fulfill this commitment while maintaining prudent credit standards. These loans are made on a secured basis. Loans are generally guaranteed by the principal(s). Loan-to-value ratios generally do not exceed 75% of the cost or value of the assets. Management considers its relations with employees to be satisfactory. All banks, but Reliance Bank, offer wealth management services. Boone is the county seat of Boone County. xa0; State Bank is located in Nevada, Iowa with a population of 6,754. There is reason to expect that similar changes may continue in the future. The Company is applying this guidance to qualifying loan modifications. Each of the Banks is in compliance with applicable loans to one borrower requirements. xa0; Community Bank Leverage Ratio Requirements. The dividends paid to the Company by the Banks are the major source of Company cash flow. Mr. Snodgrass was appointed as president of Iowa State Bank on October 25, 2019. The success of any investment activity is affected by general economic conditions. xa0; The Company’s operations are concentrated in Iowa. Damage to our reputation could cause significant harm to our business.