ISBC 2017 Form 10-K & 2018 Proxy Statement

FORM 10-K PRIVATE SECURITIES LITIGATION REFORM ACT SAFE HARBOR STATEMENT This Annual Report on Form 10-K contains a number of forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, or the Securities Act, and Section 21E of the Securities Exchange Act of 1934, as amended, or the Exchange Act. These statements may be identified by the use of the words “anticipate,” “believe,” “could,” “estimate,” “expect,” “intend,” “may,” “outlook,” “plan,” “potential,” “predict,” “project,” “should,” “will,” “would” and similar terms and phrases, including references to assumptions. Forward-looking statements are based on various assumptions and analyses made by us in light of our management’s experience and its perception of historical trends, current conditions and expected future developments, as well as other factors we believe are appropriate under the circumstances. These statements are not guarantees of future performance and are subject to risks, uncertainties and other factors (many of which are beyond our control) that could cause actual results to differ materially from future results expressed or implied by such forward-looking statements. These factors are outlined in Item 1A. Risk Factors herein and include, without limitation, the following: • the timing and occurrence or non-occurrence of events may be subject to circumstances beyond our control; • there may be increases in competitive pressure among financial institutions or from non-financial institutions; • changes in the interest rate environment may reduce interest margins or affect the value of our investments; • changes in deposit flows, loan demand or real estate values may adversely affect our business; • changes in accounting principles, policies or guidelines may cause our financial condition to be perceived differently; • general economic conditions, either nationally or locally in some or all areas in which we do business, or conditions in the real estate or securities markets or the banking industry may be less favorable than we currently anticipate; • legislative or regulatory changes may adversely affect our business; • technological changes may be more difficult or expensive than we anticipate; • success or consummation of new business initiatives may be more difficult or expensive than we anticipate; • litigation or other matters before regulatory agencies, whether currently existing or commencing in the future, may be determined adverse to us or may delay the occurrence or non-occurrence of events longer than we anticipate; • the risks associated with continued diversification and growth of assets and adverse changes to credit quality; • difficulties associated with achieving expected future financial results; • impact on our financial performance associated with the effective deployment of capital raised in our second step conversion offering; and • the risk of an economic slowdown that would adversely affect credit quality and loan originations. We have no obligation to update any forward-looking statements to reflect events or circumstances after the date of this document. 1