Risk Sleuth
FSUN · 10-K filed 6 Mar 2026 · year to 31 Dec 2025

FirstSun Capital Bancorp

27 named things its latest annual report says its results depend on, each in the company's own words. 22 of them are also named by other companies we've read.

Read the filing on SEC.gov ↗

Customers

Fannie Mae

earns fromnamed as a risk
We sell a large majority of the residential mortgage loans we originate through our mortgage banking business to Fannie Mae, Freddie Mac or, to a lesser extent, an array of private national mortgage investors.Business (Item 1)

Also named by ABR, AGNC, BAC, CBRE, DX, FICO, JLL, LEN and 7 more

Freddie Mac

earns fromnamed as a risk
Any discontinuation of, or significant reduction in, the operation of Fannie Mae or Freddie Mac or any significant adverse change in their capital structure, financial condition, activity levels in the primary or secondary mortgage markets or in underwriting criteria could materially and adversely affect our business, financial condition, liquidity and results of operations.Risk factors (Item 1A)

Also named by ABR, AGNC, BAC, CBRE, DX, FICO, LEN, NLY and 5 more

Suppliers

Federal Home Loan Bank

depends onnamed as a risk
Additionally, our costs of funds and our profitability and liquidity are likely to be adversely affected if, and to the extent, we have to rely upon higher cost borrowings from the Federal Reserve or other institutional lenders, such as the Federal Home Loan Bank, or upon brokers to fund liquidity needs, and changes in our deposit mix, pricing, and growth could adversely affect our profitability and the ability to expand our loan portfolio.Risk factors (Item 1A)

Also named by C, CUBI, EFSC, FHN, FITB, HBAN, SF, UNM

Partners and platforms

Ginnie Mae

depends onnamed as a risk
Presently, almost all of the newly originated loans that we originate directly with borrowers qualify under existing standards for inclusion in MBS issued by Fannie Mae or Freddie Mac or guaranteed by Ginnie Mae.Risk factors (Item 1A)

Also named by ABR, AGNC, LEN, NLY, NVR, PHM, RITM, RKT

Other companies

Mortgage servicing rights

exposed to its price · approximately $6.3 billion of residential loansnamed as a risk
We acted as servicer for approximately $6.3 billion of residential loans owned by third parties as of December 31, 2025.Risk factors (Item 1A)

Also named by FITB, HBAN, JPM, NLY, RKT, SSB

Investment securities portfolio

exposed to its price · $502.8 millionnamed as a risk
As of December 31, 2025, we had a carrying amount of $502.8 million of investment securities.Risk factors (Item 1A)

Also named by SSB, STT

First Foundation Inc.

termination fee of $45,089,000 or $31,390,000named as a risk
Combining FirstSun and First Foundation may be more difficult, costly or time-consuming than expected, and the anticipated benefits and cost savings of the merger and the bank merger may not be realized.Risk factors (Item 1A)

Commercial and industrial and commercial real estate loans

concentrated in · approximately 69.6% of our loan portfolionamed as a risk
At December 31, 2025, approximately 69.6% of our loan portfolio consisted of commercial and industrial and commercial real estate loans.Risk factors (Item 1A)

Mortgage banking revenue

earns from · $47.1 million in 2025named as a risk
Our revenue from the mortgage banking business was $47.1 million in 2025 and $39.0 million in 2024.Risk factors (Item 1A)

Places

Texas

concentrated innamed as a risk
The greater Texas market has been a top strategic priority for our organization from an organic and acquisition perspective.Business (Item 1)

Also named by ABR, AFRM, ALLY, AN, ASO, ASTS, ATO, AXP and 70 more

New Mexico

operates in
A key element of our funding strategy is a focus on commercial and consumer banking relationships in our markets, including our historically stable, lower growth markets in Kansas and New Mexico.Business (Item 1)

Also named by AROC, CDRE, DVN, LB, PR, WTTR

Southern California

operates in
Beyond our greater Texas strategy, we have also expanded our presence in Southern California markets.Business (Item 1)

Also named by EIX, MPC

Kansas

operates in
A key element of our funding strategy is a focus on commercial and consumer banking relationships in our markets, including our historically stable, lower growth markets in Kansas and New Mexico.Business (Item 1)

Also named by EVRG

Hazards

Tornadoes and severe storms

operates innamed as a risk
We operate in markets in which natural disasters, including tornadoes, severe storms, fires, floods, droughts, hurricanes and earthquakes have occurred.Risk factors (Item 1A)

Commodities and inputs

Commercial real estate

concentrated in · 161.8% of our total risk-based capitalnamed as a risk
As of December 31, 2025, our commercial real estate loans were equal to 161.8% of our total risk-based capital.Risk factors (Item 1A)

Also named by AFL, APO, AUB, BAC, C, CFR, GBCI, JPM and 11 more

Real estate collateral

exposed to its price · approximately 48.6% of our loan portfolionamed as a risk
As of December 31, 2025, approximately 48.6% of our loan portfolio had real estate as primary collateral (owner occupied, non-owner occupied, non-residential construction, multifamily, and residential).Risk factors (Item 1A)

Also named by PB, SF, SSB

Office real estate

concentrated in · $215.5 million, or 3.2% of total loans
Owner occupied CRE loans associated with office space were $215.5 million, or 3.2% of total loans as of December 31, 2025.Business (Item 1)

Also named by STWD

Regulators

Consumer Financial Protection Bureau (CFPB)

subject tonamed as a risk
supervision, examination and enforcement by the CFPB with respect to consumer protection laws;Risk factors (Item 1A)

Also named by ABNB, AFRM, ALLY, AN, AUB, AXP, BAC, CASH and 61 more

Federal Reserve

subject tonamed as a risk
While we have received approval for the bank merger from the Office of the Comptroller of the Currency, the merger and the bank merger remains subject to approval from the Federal Reserve Board and various other antitrust, insurance and other authorities in the United States.Risk factors (Item 1A)

Also named by AGNC, AUB, AXP, BAC, CASH, COF, DX, EFSC and 24 more

Office of the Comptroller of the Currency (OCC)

subject tonamed as a risk
Sunflower Bank is a national banking association with its main office in Dallas, Texas, which is subject to regulation and supervision primarily by the OCC and secondarily by the Federal Reserve and the FDIC.Business (Item 1)

Also named by ADP, AMP, AXP, BAC, BLK, C, CASH, CFG and 22 more

FDIC Deposit Insurance Fund

subject tonamed as a risk
Any future additional assessments, increases or required prepayments in FDIC insurance premiums could reduce our profitability, may limit our ability to pursue certain business opportunities, or otherwise negatively impact our operations.Risk factors (Item 1A)

Also named by WFC

Laws and programs

SBA 7(a) loan program

depends on · 75% to 85% of the principal amountnamed as a risk
For example, our SBA lending program depends on interaction with the SBA, an independent agency of the federal government.Risk factors (Item 1A)

Also named by EFSC

Dodd-Frank Act $10 billion asset threshold

subject to · $8.5 billion in assetsnamed as a risk
Upon consummation of our proposed merger with First Foundation, our assets will exceed $10 billion.Risk factors (Item 1A)

Community Reinvestment Act

subject tonamed as a risk
A successful challenge to our performance under the fair lending laws and regulations could adversely impact our rating under the Community Reinvestment Act and result in a wide variety of sanctions, including the required payment of damages and civil money penalties, injunctive relief, imposition of restrictions on merger and acquisition activity and restrictions on expansion activity, which could negatively impact our reputation, business, financial condition and results of operations.Risk factors (Item 1A)

Also named by ALLY, AMP, AUB, CFG, CFR, EFSC, EWBC, FCNCA and 20 more

U.S. Department of Agriculture (USDA)

depends onnamed as a risk
Similarly, loans we make through USDA lending programs may be delayed or adversely affected by lapses in funding for the USDA.Risk factors (Item 1A)

Also named by AGM, BJ, CAG, CALM, CASH, CB, DLTR, FLO and 11 more

Durbin Amendment

subject tonamed as a risk
Under the Durbin Amendment to the Dodd-Frank Act, institutions with $10 billion or more in assets are also subject to a cap on the interchange fees that may be charged in certain electronic debit and prepaid card transactions.Risk factors (Item 1A)

Also named by CPAY, EFSC, PB, PNFP, SOFI

Interagency CRE Guidance

subject tonamed as a risk
The banking regulators give commercial real estate lending greater scrutiny, and may require banks with higher levels of commercial real estate loans to implement enhanced underwriting, internal controls, risk management policies and portfolio stress testing, as well as possibly higher levels of allowances for losses and capital levels as a result of commercial real estate lending growth and exposures.Risk factors (Item 1A)

Also named by OSBC