As of December 31, 2020, the Company had $1.2 billion in consolidated total assets. In May 2019, the Bank opened a loan production office in Prairie Village, Kansas. The region is influenced by public and private industries and businesses of all sizes. Agriculture, oil, and gas are the predominant industries in the southeast Kansas region. Predominant activities involve crop production, feed lot operations, and food processing. A significant portion of these loans prepay prior to maturity. Regulation and Supervision of the Company General. The Company, as the sole shareholder of the Bank, is a bank holding company. For a discussion of the capital requirements, see "—The Role of Capital" above. See "—The Role of Capital" above. The Bank is subject to that authority and is examined by the OCC. Banks are generally required to maintain capital levels in excess of other businesses. The action permits the Bank to loan or invest funds that were previously unavailable. Investment Portfolio Investment Securities. Loan Portfolio Loan Portfolio Composition. In addition, litigation can be costly, regardless of outcome. These loans are secured primarily by properties located in the state of Kansas. Our non-performing assets adversely affect our net income in various ways. We have exposure to LIBOR in various aspects through our financial contracts. Our framework for managing risks may not be effective in mitigating risk and loss to us. The soundness of other financial institutions could adversely affect us.
