The Conversion was completed on July 9, 2012. The Bank also has one home loan production office in the Tri-Cities, Washington. Loans in excess of $25.0 million require AQC approval. The outstanding balance of these three loans at December 31, 2020 was $10.9 million. The commitments ranged from $5.0 million to $15.0 million. Construction and Development Lending. These risks can be significantly impacted by supply and demand. The Company also offers consumer marine loans secured by boats. Between 90 - 120 days past due, a value is obtained for the loan collateral. These branches also attracted new deposits. Company employees are not represented by any collective bargaining group. She was appointed Chief Risk Officer in April 2018. Ms. Burr became the CRA Officer in January 2010. and focused on corporate culture. Our Vision Statement is: To build a truly great place to work and bank. We celebrate diversity and support equality for all. We cannot predict whether any such changes may occur. Insurance of Accounts and Regulation by the FDIC. In addition, members are required to purchase stock equal to 4.0% of advances. Financial Statements and Supplementary Data" of this Form 10-K.Interstate Banking. A sustained increase in market interest rates could adversely affect our earnings. Nonperforming assets adversely affect our earnings in various ways. We are subject to certain risks in connection with our use of technology. Our access to deposits may also be affected by the liquidity needs of our depositors.