14 unchanged sentences
Governing policies are subject to review by regulators and are updated to incorporate their observations and adapt to changes in idiosyncratic and systemic risks.
−Removed: As of March 31, 2025, interest rate risk was within policy guidelines established by ALCO and the Board.
−Removed: One set of interest rates modeled and evaluated against flat interest rates and a static balance sheet is a series of immediate parallel shifts
−Removed: in the yield curve.
+Added: As of June 30, 2025, interest rate risk was within policy guidelines established by ALCO and the Board.
+Added: One set of interest rates modeled and evaluated against flat interest rates and a static balance sheet is a series of immediate parallel shifts in the yield curve.
Our most recent analysis of our interest rate sensitivity is provided in the following table as an example rather than an expectation of likely interest rate movements.
6 unchanged sentences
down 200 0.8 % (1.0) %
+Added: 0.8 % (2.3) %
Interest rate sensitivity is a function of the repricing characteristics of our assets and liabilities.
6 unchanged sentences
Deposit betas of up to 60%, averaging 38%, are applied to rates paid on non-maturity interest-bearing deposits in falling rate scenarios with a one month lag assumed.
−Removed: However, deposit pricing is actively managed at the relationship level and closely monitored real-time to avoid unintended consequences.
+Added: However, deposit pricing is actively managed at the relationship level and closely monitored to balance customer needs with the bank's deposit expenses.
The actual rates and timing of prepayments on loans and investment securities could vary significantly from the assu mptions applied in the various scenarios.
4 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.