13 unchanged sentences
The simulation of net interest income also requires a number of key assumptions such as:
−Removed: (i) prepayment projections for loans and securities that are projected under each interest rate scenario using internal and external mortgage analytics;
+Added: (i) prepayment projections for loans and securities that are projected under each interest rate scenario using internal and external analytics;
(ii) new business loan rates that are based on recent new business origination experience;
50 unchanged sentences
300 (12.60) (14.00)
−Removed: While ALCO reviews and updates simulation assumptions and also periodically back-tests the simulation results to ensure that the assumptions are reasonable and current, income simulation may not always prove to be an accurate indicator of interest
−Removed: rate risk or future net interest margin.
−Removed: Over time, the repricing, maturity and prepayment characteristics of financial instruments and the composition of our balance sheet may change to a different degree than estimated.
+Added: While ALCO reviews and updates simulation assumptions and also periodically back-tests the simulation results to ensure that the assumptions are reasonable and current, income simulation may not always prove to be an accurate indicator of interest rate risk or future net interest margin.
+Added: Over time, the repricing, maturity and prepayment characteristics of financial instruments
+Added: and the composition of our balance sheet may change to a different d egree than estimated.
ALCO recognizes that deposit balances could shift into higher yielding alternatives as market rates change.
14 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.