Our acquisition activity includes the following transactions. &# 8226; Enhance the Performance of the Banks We Acquire. 3)Represents 39 branches located outside of the Wichita, Kansas City and Tulsa MSAs. 8226; Focus on Commercial Banking. Our commercial real estate loans are generally secured by first liens on real property. We have loan policies designed to assist us in managing this business risk. We have a defined set of credit guidelines that we use when evaluating these credits. These loans typically are secured by collateral outside of our branch footprint. 94 MSA in the U.S. with a population of over 640,000. The scalability of this infrastructure will support our growth strategy. The minimum 2.5% buffer is composed solely of CET1 capital. Additionally, we must publicly disclose the terms of various CRA-related agreements. Virtually all of our assets and liabilities are monetary in nature. We could suffer losses from a decline in the credit quality of the assets that we hold. 27 We may be adversely impacted by the transition from LIBOR as a reference rate. The transition from LIBOR could create considerable costs and additional risk. Further, we may not be able to insure against losses related to cyber threats. A future issuance of stock could dilute the value of our Class A common stock. Consumer and commercial banking are highly competitive industries. We are subject to environmental risk in our lending activities. These licenses may also significantly increase our operating expenses. 47 Item 1B: Unresolved Staff Comments None
