1 unchanged sentence
Market risk is defined as the risk of loss arising from an adverse change in the market value (or prices) of financial instruments.
−Removed: A significant form of market risk is interest rate risk, which is inherent in our investment, borrowing, lending and deposit gathering activities.
+Added: A significant form of market risk is interest rate risk, which is inherent in our lending, investment, borrowing and deposit gathering activities.
The Bank manages interest rate sensitivity to minimize the exposure of our net interest margin, earnings, and capital to changes in interest rates.
8 unchanged sentences
If potential changes to net equity value and net interest income resulting from hypothetical interest rate changes are not within the limits established by the Board of Directors, management may adjust the asset and liability mix to bring the risk position within approved limits or take other actions.
−Removed: At March 31, 2021, interest rate risk was within policy guidelines established by ALCO and the Board.
+Added: At June 30, 2021, interest rate risk was within policy guidelines established by ALCO and the Board.
One set of interest rates modeled and evaluated against flat interest rates is a series of immediate parallel shifts in the yield curve.
17 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.