CASH 2017 Annual Report

64 Catastrophic events could occur and impact either our or our vendors’ operations. Catastrophic events (including those that are weather related as well as those that are geopolitical related) could have an adverse impact on both the Bank’s and its vendors’ ability to provide necessary services to support the operation of the Bank and provide products and services to the Bank’s customers. These events, which are beyond our control, could be short-term in nature or longer term, lasting for significant periods of time. Although insurance coverage may provide some protection in light of such events, it cannot be determined whether insurance proceeds would adequately compensate the Bank for the losses it incurred as a result of such events. Moreover, the damage cause by such events may not be directly compensable, such as damage to our reputation as a result of such events. Risks Related to the Company’s Stock The price of the Company’s common stock may be volatile, which may result in losses for investors. The market price for shares of the Company’s common stock has been volatile in the past, and several factors could cause the price to fluctuate substantially in the future. These factors include: • announcements of developments related to the Company’s business; • the initiation, pendency or outcome of litigation, regulatory reviews, inquiries and investigations, and any related adverse publicity; • fluctuations in the Company’s results of operations; • sales of substantial amounts of the Company’s securities into the marketplace; • general conditions in the Company’s banking niche or the worldwide economy; • a shortfall in revenues or earnings compared to securities analysts’ expectations; • lack of an active trading market for the common stock; • changes in analysts’ recommendations or projections; and • the Company’s announcement of new acquisitions or other projects. The market price of the Company’s common stock may fluctuate significantly in the future, and these fluctuations may be unrelated to the Company’s performance. General market price declines or market volatility in the future could adversely affect the price of the Company’s common stock, and the current market price may not be indicative of future market prices. An investment in Company common stock is not an insured deposit. Our common stock is not a bank deposit and, therefore, is not insured against loss by the FDIC, any other deposit insurance fund or by any other public or private entity. Investment in our common stock is inherently risky for the reasons described in this “Risk Factors” section and is subject to market forces that affect the price of common stock in any company. As a result, if you hold or acquire our common stock, it is possible that you may lose all or a portion of your investment. TheCompany’s common stock is thinly traded, and thus your ability to sell shares or purchase additional shares of theCompany’s common stock will be limited, and the market price at any time may not reflect true value. Your ability to sell shares of the Company’s common stock or purchase additional shares largely depends upon the existence of an active market for the common stock. The Company’s common stock is quoted on the NASDAQ Global Select Market, but the volume of trades on any given day is relatively light, and you may be unable to find a buyer for shares you wish to sell or a seller of additional shares you wish to purchase. In addition, a fair valuation of the purchase or sales price of a share of common stock also depends upon active trading, and thus the price you receive for a relatively thinly traded stock, such as the Company’s common stock, may not reflect its true value.