XML 52 R30.htm IDEA: XBRL DOCUMENT v3.24.0.1
Contingent Liabilities
12 Months Ended
Dec. 31, 2023
Contingent Liabilities  
Contingent Liabilities

Note 22—Contingent Liabilities

The Company has been named as defendant in various legal actions, arising from its normal business activities, in which damages in various amounts are claimed. The Company is also exposed to litigation risk related to the prior business activities of banks acquired through whole bank acquisitions. Although the amount of any ultimate liability with respect to such matters cannot be determined, in the opinion of management, any such liability will not have a material effect on the Company’s consolidated financial statements.

The Company and its subsidiary are involved at times in certain litigation arising in the normal course of business. In the opinion of management as of December 31, 2023, there were no pending or threatened litigation that will have a material effect on the Company’s consolidated financial position, results of operations or cash flows.