18 unchanged sentences
Average interest rate 2.33 % 2.08 % 1.99 % 2.04 % 2.05 % 2.53 %
−Removed: Variable interest rate securities $ 28 $ 20 $ 15 $ 11 $ 8 $ 18 $ 100 $ 100
−Removed: Average interest rate 4.27 % 4.27 % 4.27 % 4.27 % 4.27 % 4.27 %
Other interest-bearing assets $ 49,290 $ 0 $ 0 $ 0 $ 0 $ 0 $ 49,290 $ 49,290
13 unchanged sentences
Average interest rate 4.24 % 0.00 % 0.00 % 0.00 % 0.00 % 0.00 %
−Removed: Variable interest rate borrowings $ 0 $ 0 $ 0 $ 0 $ 0 $ 0 $ 0 $ 0
−Removed: Average interest rate 0.00 % 0.00 % 0.00 % 0.00 % 0.00 % 0.00 %
Total funds $ 1,542,978 $ 555,078 $ 327,252 $ 292,456 $ 263,751 $ 2,776,105 $ 5,757,620 $ 5,752,641
13 unchanged sentences
Management believes that the Company’s liquidity and interest sensitivity position at December 31, 2022, remained adequate to meet the Company’s primary goal of achieving optimum interest margins while avoiding undue interest rate risk.
−Removed: places a greater level of credence in net interest income simulation modeling.
+Added: The Company places a greater level of credence in net interest income simulation modeling.
The GAP/Interest Rate Sensitivity Report is believed by the Company’s management to have two major shortfalls.
13 unchanged sentences
Assumptions and methodologies regarding the interest rate or balance behavior of indeterminate maturity core deposit products, such as savings, money market, NOW and demand deposits reflect management’s best estimate of expected future behavior.
−Removed: Results for the base, falling 25 basis points, rising 25 basis points, rising 50 basis points, rising 100 basis points, rising 200 basis points, and rising 300 basis points interest rate scenarios are listed below based upon the Company’s rate sensitive assets and liabilities at December 31, 2021.
+Added: Results for the base, falling 300 basis points, falling 200 basis points, falling 100 basis points, falling 50 basis points, falling 25 basis points, rising 25 basis points, rising 50 basis points, rising 100 basis points, rising 200 basis points, and rising 300 basis points interest rate scenarios are listed below based upon the Company’s rate sensitive assets and liabilities at December 31, 2022.
The net interest income shown represents cumulative net interest income over a twelve-month time horizon.
−Removed: (dollars in thousands) Base Falling (25 Basis Points) Rising (25 Basis Points) Rising (50 Basis Points) Rising (100 Basis Points) Rising (200 Basis Points) Rising (300 Basis Points)
+Added: (dollars in thousands) Base Falling (300 Basis Points) Falling (200 Basis Points) Falling (100 Basis Points) Falling (50 Basis Points) Falling (25 Basis Points) Rising (25 Basis Points) Rising (50 Basis Points) Rising (100
+Added: Points) Rising (200
+Added: Points) Rising (300
Net interest income $ 229,133 $ 198,763 $ 210,083 $ 220,508 $ 225,023 $ 227,183 $ 230,806 $ 232,466 $ 235,761 $ 242,422 $ 249,200
3 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.