7 unchanged sentences
The COVID-19 pandemic may adversely affect our business
−Removed: Unexpected and unprecedented changes have occurred during 2020 and 2021 as the result of COVID-19.
−Removed: The World Health Organization has declared the situation a global pandemic.
+Added: Unexpected and unprecedented changes have occurred since early 2020 as the result of COVID-19.
+Added: The World Health Organization declared the situation a global pandemic.
The pandemic created significant market volatility, economic uncertainty, and disruption to normal business operations around the world, with slowdowns and shutdowns affecting entire industries.
−Removed: The extent to which COVID-19 impacts our business will depend on future developments, which are highly uncertain and cannot be predicted with any accuracy.
−Removed: Future developments include new information which may emerge concerning the severity of COVID-19 and the actions to contain the coronavirus or treat its impact, among others.
+Added: The extent to which COVID-19 impacts our business will depend on future developments, which remain uncertain and cannot be predicted.
We expect the significance of the COVID-19 pandemic, including the extent of its effect on our financial and operational results, to be dictated by, among other factors, its duration, the success of efforts to contain it, and the impact of actions taken in response.
21 unchanged sentences
The local economic conditions in these areas have a significant impact on the demand for our products and services, as well as the ability of our customers to repay loans, the value of the collateral securing loans, and the stability of our deposit funding sources.
−Removed: A significant decline in general economic
−Removed: conditions, caused by inflation, recession, acts of terrorism, international or domestic occurrences, a health crisis, unemployment, changes in securities markets or other factors could impact these local economic conditions and, in turn, could have a material adverse effect on our financial condition and results of operations.
+Added: A significant decline in general economic conditions, caused by inflation, recession, acts of terrorism, international or domestic occurrences, a health crisis,
+Added: unemployment, changes in securities markets or other factors could impact these local economic conditions and, in turn, could have a material adverse effect on our financial condition and results of operations.
Interest rate risk
30 unchanged sentences
Regulatory authorities have extensive discretion in connection with their supervisory and enforcement activities, including the imposition of restrictions on the operation of an institution, the classification of assets by the institution, and the appropriateness of an institution’s ALLL.
−Removed: Future regulatory changes or accounting pronouncements may increase our regulatory capital requirements or adversely affect our regulatory capital levels.
−Removed: Additionally, actions by regulatory agencies or significant litigation against us could require the dedication of significant time and resources to defend our business and may lead to penalties.
+Added: Future regulatory changes or accounting pronouncements may increase our regulatory capital requirements or adversely affect
+Added: our regulatory capital levels.
+Added: Additionally, actions by regulatory agencies or significant litigation against us could require the dedication of significant time and resources to respond to those actions and may lead to penalties.
We may not adjust to changes in the financial services industry
45 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.