7 unchanged sentences
We monitor the impact of changes in interest rates on net interest income using several tools.
−Removed: Management’s Discussion and Analysis of Financial Condition and Results of Operations , Recent Events in the Financial Services Industry.
Our primary objective in managing interest rate risk is to minimize the adverse impact of changes in interest rates on our net interest income and capital, while configuring our asset-liability structure to obtain the maximum yield-cost spread on that structure.
12 unchanged sentences
From time to time, the Company may hedge its interest rate risk position, which can impact earnings.
−Removed: We generally do not hedge all of our interest rate risk, nor can we guarantee that any attempts to do so will be successful.
+Added: We generally do not hedge all of our interest rate risk, nor can we guarantee that any attempts to hedge some or all of our interest rate risk will be successful.
See Note 9 - Derivatives in Notes to Consolidated Financial Statements for a discussion of our hedging activity.
4 unchanged sentences
Wholesale funding consists of, but is not limited to, borrowings with the FHLB, federal funds purchased, and brokered time deposits.
−Removed: The Company uses several tools to manage its interest rate risk, including interest rate sensitivity analysis, or gap analysis, market value of portfolio equity analysis, interest rate simulations under various rate scenarios, and net interest margin
+Added: The Company uses several tools to manage its interest rate risk, including interest rate sensitivity analysis, or gap analysis, market value of portfolio equity analysis, interest rate simulations under various rate scenarios, and net interest margin reports.
The results of these reports are compared to limits established by the Company’s ALCO policies, and appropriate adjustments are made if the results are outside the established limits.
10 unchanged sentences
This simulation assumes that there is no growth in interest-earning assets or interest-bearing liabilities over the next 12 months.
−Removed: As of September 30, 2024
+Added: As of March 31, 2025
As of December 31, 2024
4 unchanged sentences
(200) (1.4) 0.5
+Added: (300) (1.8) 0.5
Economic Value of Equity Analysis (“EVE”).
1 unchanged sentence
This analysis measures the difference between predicted changes in the fair value of our assets and predicted changes in the present value of our liabilities, assuming various changes in current interest rates.
−Removed: The table below represents an analysis of our interest rate risk as measured by the estimated changes in our economic value of equity, resulting from an instantaneous and sustained parallel shift in the yield curve at September 30, 2024, and December 31, 2023.
−Removed: As of September 30, 2024
+Added: The table below represents an analysis of our interest rate risk as measured by the estimated changes in our economic value of equity, resulting from an instantaneous and sustained parallel shift in the yield curve at March 31, 2025, and December 31, 2024.
+Added: As of March 31, 2025
As of December 31, 2024
6 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.