Interest Rate Volatility Risk: Changes in interest rates, particularly a rising rate environment, could compress net interest margin as the cost of deposits may increase faster than the yield on assets, impacting profitability.

Credit Quality Deterioration Risk: A downturn in economic conditions, increased unemployment, or issues within specific loan portfolios (e.g., commercial real estate) could lead to higher loan defaults, increased non-performing assets, and higher loan loss provisions.

Economic Downturn Risk: A recession in their primary operating markets (New Jersey, New York metropolitan area, Pennsylvania) could reduce loan demand, increase credit losses, and negatively impact deposit growth and overall financial performance.