17 unchanged sentences
The table below provides an assessment of the risk to net interest income over the next 12 months in the event of a sudden and sustained 1% and 2% increase and decrease in prevailing interest rates (dollars in thousands).
−Removed: Interest Rate Sensitivity as of June 30, 2020 - Net Interest Income
+Added: Interest Rate Sensitivity as of September 30, 2020 - Net Interest Income
Net Interest Income
−Removed: Changes in Rates
−Removed: The above table is a measurement of the Company’s net interest income at risk, assuming a static balance sheet as of June 30, 2020 and instantaneous parallel changes in interest rates.
+Added: Changes in Rates Amount % Change
+Added: +2% $ 161,473 1.90 %
+Added: +1% 159,746 0.81 %
+Added: Base 158,469 —
+Added: -1% 156,284 (1.38) %
+Added: -2% 155,749 (1.72) %
+Added: The above table is a measurement of the Company’s net interest income at risk, assuming a static balance sheet as of September 30, 2020 and instantaneous parallel changes in interest rates.
The Company also monitors interest rate risk under other scenarios including a more gradual movement in market interest rates.
1 unchanged sentence
The table below provides an assessment of the risk to NPV in the event of a sudden and sustained 1% and 2% increase and decrease in prevailing interest rates (dollars in thousands).
−Removed: Interest Rate Sensitivity as of June 30, 2020 - Net Portfolio Value
−Removed: Net Portfolio Value
−Removed: Net Portfolio Value as a % of Present Value of Assets
−Removed: Changes in Rates
+Added: Interest Rate Sensitivity as of September 30, 2020 - Net Portfolio Value
+Added: Net Portfolio Value Net Portfolio Value as a % of Present Value of Assets
+Added: Changes in Rates Amount % Change NPV Ratio Change
+Added: +2% $ 495,769 7.40 % 10.90 % 115 b.p.
+Added: +1% 485,320 5.14 % 10.45 % 70 b.p.
+Added: Base 461,603 — 9.75 % —
+Added: -1% 376,646 (18.40) % 7.89 % (186) b.p.
+Added: -2% 380,907 (17.48) % 7.93 % (182) b.p.
This Item 3 includes forward-looking statements.
5 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.