7 unchanged sentences
These assumptions are modeled under different rate scenarios that include a simultaneous, instant and sustained change in interest rates.
−Removed: The following table illustrates the potential impact of changes in market rates on our net interest income for the next twelve months, as of December 31, 2021.
−Removed: Change in interest rate in basis points Down 50 No Change Up 100 Up 200 Up 300
−Removed: Impact on net interest income (2.48) % — % 0.77 % 5.64 % 10.67 %
+Added: The following table illustrates the potential impact of changes in market rates on our net interest income for the next twelve months.
+Added: Impact on Net Interest Income as of December 31,
+Added: Instantaneous Rate Change in Basis Points 2022 2021
+Added: Down 300 (9.90) % N/A
+Added: Down 200 (0.88) N/A
+Added: Down 100 0.79 2.48
+Added: No Change — —
+Added: Up 100 2.26 0.77
+Added: Up 200 4.48 5.64
+Added: Up 300 6.65 10.67
We manage the structure of interest-earning assets and interest-bearing liabilities by adjusting their mix, yield, maturity and/or repricing characteristics based on market conditions.
3 unchanged sentences
however, management has the authorization, as permitted within applicable approved policies, and ability to utilize such instruments should they be appropriate to manage interest rate exposure.
−Removed: We maintained our historically neutral-to-asset-sensitive balance sheet throughout 2021 and ended the year appropriately positioned for net interest income to benefit from rising short-term interest rates in 2022.
+Added: We maintained our historically neutral balance sheet throughout 2022 and believe we ended the year appropriately positioned for net interest income to benefit modestly from additional rate increases in 2023.
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.