8 unchanged sentences
While the future effects of rising and falling rates on deposit balances cannot be known, the Company maintains a practice of running multiple rate scenarios, when relevant, to better understand interest rate risk and its effect on the Company’s performance.
−Removed: March 31, 2026 December 31, 2025
+Added: June 30, 2026 March 31, 2026
(Dollars in millions)
6 unchanged sentences
Under the simulation, in the three rising rate scenarios and three falling rate scenarios, interest rate risk is less asset sensitive when compared to the scenarios in the previous quarter.
−Removed: This change was primarily due to fluctuations in average interest earning cash balances at the Federal Reserve and an increase in rate sensitive deposits resulting from the FineMark acquisition, partly offset by an increase in loans acquired from FineMark.
+Added: This change was primarily due to a decrease in average interest earning cash balances at the Federal Reserve, an increase in resell agreements with embedded floors, restructuring of the investment securities portfolio, and changes in the deposit balance mix.
The comparison above provides insight into potential effects of changes in rates on net interest income.
1 unchanged sentence
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.