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What changed 10-Q
Item 3. Quantitative and Qualitative Disclosures About Market Risk
2022-08-08 compared with 2022-05-10 · 1 added, 1 removed, 4 unchanged (33% of the section changed)
2 unchanged sentences
Our junior subordinated notes bear interest at the rate of three month LIBOR plus 200 basis points.
−Removed: At March 31, 2022, the interest rate on these notes was 2.30%.
+Added: At June 30, 2022, the interest rate on these notes was 2.30%.
A 100 basis point increase in the rate would increase our related interest expense by approximately $374,000 annually and a 100 basis point decrease in the rate would decrease our related interest expense by $112,000 annually.
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.