7 unchanged sentences
These assumptions are modeled under different rate scenarios that include a simultaneous, instant, and sustained change in interest rates.
−Removed: During the third quarter of 2024, the Corporation’s interest rate risk exposure model incorporated updated assumptions regarding the level of interest rate, including indeterminable maturity deposits (non-interest bearing deposits, interest bearing transaction accounts and money market accounts).
+Added: During the first quarter of 2025, the Corporation’s interest rate risk exposure model incorporated updated assumptions regarding the level of interest rate, including indeterminable maturity deposits (non-interest bearing deposits, interest bearing transaction accounts and money market accounts).
In the current environment of changing short-term rates, deposit pricing can vary by product and client.
2 unchanged sentences
Impact on Net Interest Income as of
+Added: Impact on Net Interest Income as of
Instantaneous Rate Change in Basis Points
−Removed: September 30, 2024
+Added: March 31, 2025
+Added: March 31, 2024
Management believes market risk is well managed with minimal impact on net interest income in simulated instantaneous rate shock scenarios, and we will continually monitor and adjust the balance sheet for optimal positioning as new data becomes available.
7 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.