18 unchanged sentences
During a period of falling interest rates, the opposite would be true.
−Removed: As of March 31, 2020, Great Southern's interest rate risk models indicate that, generally, rising interest rates are expected to have a positive impact on the Company's net interest income, while declining interest rates are expected to have a negative impact on net interest income.
+Added: As of June 30, 2020, Great Southern's interest rate risk models indicate that, generally, rising interest rates are expected to have a positive impact on the Company's net interest income, while declining interest rates are expected to have a negative impact on net interest income.
We model various interest rate scenarios for rising and falling rates, including both parallel and non-parallel shifts in rates.
2 unchanged sentences
In the subsequent months we expect that the net interest margin would stabilize and begin to improve, as renewal interest rates on maturing time deposits are expected to decrease compared to the current rates paid on those products.
−Removed: The effects of interest rate changes, if any, on net interest income are expected to be greater in the 12 to 36 months following rate changes.
+Added: Subsequent to June 30, 2020, cumulative time deposit maturities are as follows:
+Added: within three months --$504 million;
+Added: within six months -- $842 million;
+Added: and within twelve months -- $1.4 billion.
+Added: At June 30, 2020, the weighted average interest rates on these various cumulative maturities were 1.54%, 1.52% and 1.42%, respectively.
The current level and shape of the interest rate yield curve poses challenges for interest rate risk management.
6 unchanged sentences
In response to the coronavirus pandemic in the first quarter of 2020, the FRB decreased interest rates on two occasions in March 2020, a 0.50% decrease on March 3rd and a 1.00% decrease on March 16th.
−Removed: At March 31, 2020, the Federal Funds rate stood at 0.25%.
−Removed: A substantial portion of Great Southern’s loan portfolio ($1.97 billion at March 31, 2020 ) is tied to the one-month or three-month LIBOR index and will be subject to adjustment at least once within 90 days after March 31, 2020 .
+Added: At June 30, 2020, the Federal Funds rate stood at 0.25%.
+Added: A substantial portion of Great Southern’s loan portfolio ($2.09 billion at June 30 , 2020 ) is tied to the one-month or three-month LIBOR index and will be subject to adjustment at least once within 90 days after June 30, 2020 .
Of these loans, $1.97 billion had interest rate floors.
−Removed: Great Southern also has a portfolio of loans ($203 million at March 31, 2020 ) tied to a "prime rate"
+Added: Great Southern also has a portfolio of loans ($227 million at June 30 , 2020 ) tied to a "prime rate"
of interest and will adjust immediately with changes to the “prime rate” of interest.
−Removed: During the latter half of 2019 and the three months ended March 31, 2020, we experienced some compression of our net interest margin percentage due to 2.25% of Federal Fund rate cuts during the nine month period of July 2019 through March 2020.
+Added: During the latter half of 2019 and the six months ended June 30, 2020, we experienced some compression of our net interest margin percentage due to 2.25% of Federal Fund rate cuts over that time period.
Margin compression primarily resulted from generally slower changing average interest rates on deposits and borrowings and lower yields on loans and other interest-earning assets.
−Removed: LIBOR interest rates have recently decreased, putting pressure on loan yields, and strong pricing competition for loans and deposits remains in most of our markets.
+Added: LIBOR interest rates decreased further in April and May of 2020, putting pressure on loan yields during the three months ended June 30, 2020, and strong pricing competition for loans and deposits remains in most of our markets.
Interest rate risk exposure estimates (the sensitivity gap) are not exact measures of an institution's actual interest rate risk.
32 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.