A forward-looking statement is neither a prediction nor a guarantee of future events. We consider a number of factors in originating commercial real estate loans. Personal guarantees are often obtained from commercial real estate borrowers. We generally do not make unsecured commercial and industrial loans. At June 30, 2020, we had $52.9 million in jumbo loans. Loans are reviewed on a regular basis. Collateralized Mortgage Obligations. Based on experience, we believe that our deposits are relatively stable. Anchor Agency, Inc. operates from Pioneer Bank's headquarters in Albany, New York. Consumer and personal loans may also be made with or without security. Standards for Safety and Soundness. Prompt Corrective Regulatory Action. Transaction with Affiliates and Regulation W of the Federal Reserve Regulations. At June 30, 2020, Pioneer Bank had no capital loss carryovers. We intend to continue our remediation activities. Conditions in insurance markets could adversely affect our earnings. We face strong competition in making loans and attracting deposits. Our risk management framework is designed to minimize risk and loss to us. We are subject to environmental liability risk associated with lending activities. Our common stock is traded on the NASDAQ under the symbol "PBFS." Various factors may make takeover attempts more difficult to achieve.
