13 unchanged sentences
The need for interest sensitivity gap management is most critical in times of rapid changes in overall interest rates.
−Removed: We generally seek to limit our exposure to interest rate fluctuations by maintaining a relatively balanced mix of rate sensitive assets and liabilities on a one-year time horizon and greater than one-year time horizon.
+Added: First Guaranty has generally been liability sensitive.
+Added: We modified our business plan in 2024 to reduce the liability sensitive nature of our balance sheet.
+Added: We are working to limit our future exposure to interest rate fluctuations by creating a more balanced mix of rate sensitive assets and liabilities on a one-year time horizon and greater than one-year time horizon.
+Added: We purchased amortizing mortgage backed securities in 2024.
+Added: We also purchased U.S.
+Added: Treasury securities with a maturity of one year or less in 2024.
Because of the significant impact on net interest margin from mismatches in repricing opportunities, we monitor the asset-liability mix periodically depending upon the management asset liability committee's assessment of current business conditions and the interest rate outlook.
−Removed: We maintain exposure to interest rate fluctuations within prudent levels using varying investment strategies.
These strategies include, but are not limited to, frequent internal modeling of asset and liability values and behavior due to changes in interest rates.
30 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.