30 unchanged sentences
Doing so necessitates an assessment of rate changes over varying time horizons and of varying/sufficient degrees such that the impact of embedded options within the balance sheet are sufficiently examined.
−Removed: The following tables demonstrate the annualized result of an interest rate simulation and the estimated effect that a parallel interest rate shift, or “shock,” in the yield curve and subjective adjustments in deposit pricing might have on the Company’s projected net interest income over the next 12 months.
+Added: The following tables demonstrate the annualized result of an interest rate simulation and the estimated effect that gradual, parallel shifts in market rates (equal to the change in prime rates) and subjective adjustments in deposit pricing might have on the Company’s projected net interest income over the next 12 months.
This simulation assumes that there is no growth in interest-earning assets or interest-bearing liabilities over the next 12 months.
The changes to net interest income shown below are in compliance with the Company’s policy guidelines.
−Removed: As of March 31, 2026:
+Added: As of June 30, 2026:
Change in Interest Rates
10 unchanged sentences
This analysis measures the difference between estimated changes in the present value of the Company’s assets and estimated changes in the present value of the Company’s liabilities assuming various changes in current interest rates.
−Removed: The Company’s economic value of equity analysis as of March 31, 2026 estimated that, in the event of an instantaneous 200 basis point increase in interest rates, the Company would experience a 3.66% increase in the economic value of equity.
+Added: The Company’s economic value of equity analysis as of June 30, 2026 estimated that, in the event of an instantaneous 200 basis point increase in interest rates, the Company would experience a 3.01% increase in the economic value of equity.
At the same date, our analysis estimated that, in the event of an instantaneous 100 basis point decrease in interest rates, the Company would experience a 3.02% decrease in the economic value of equity.
3 unchanged sentences
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.