18 unchanged sentences
Average interest rate 2.27 % 2.07 % 2.12 % 2.12 % 2.04 % 2.25 %
+Added: Variable interest rate securities $ 0 $ 0 $ 0 $ 0 $ 0 $ 0 $ 0 $ 0
+Added: Average interest rate 0.00 % 0.00 % 0.00 % 0.00 % 0.00 % 0.00 %
Other interest-bearing assets $ 81,373 $ 0 $ 0 $ 0 $ 0 $ 0 $ 81,373 $ 81,373
13 unchanged sentences
Average interest rate 5.63 % 0.00 % 0.00 % 0.00 % 0.00 % 0.00 %
+Added: Variable interest rate borrowings $ 0 $ 0 $ 0 $ 0 $ 0 $ 0 $ 0 $ 0
+Added: Average interest rate 0.00 % 0.00 % 0.00 % 0.00 % 0.00 % 0.00 %
Total funds $ 1,970,449 $ 429,839 $ 321,559 $ 301,585 $ 243,905 $ 2,503,188 $ 5,770,525 $ 5,763,876
5 unchanged sentences
at December 31, 2022 147.2 % 169.1 % 185.3 % 146.7 % 114.2 % 62.8 %
−Removed: The Company utilizes computer modeling software to stress test the balance sheet under a wide variety of interest rate scenarios.
+Added: The Company utilizes computer modeling software to measure interest rate risk and to stress test the balance sheet under a wide variety of interest rate scenarios.
The model quantifies the income impact of changes in customer preference for products, basis risk between the assets and the liabilities that support them and the risk inherent in different yield curves as well as other factors.
4 unchanged sentences
GAP/Interest Rate Sensitivity Reports and Net Interest Income Simulation Modeling, which are constructed, presented and monitored quarterly.
−Removed: 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.
+Added: Management believes that the Company’s liquidity and interest sensitivity position at December 31, 2023, remained adequate to meet the Company’s primary goal of achieving optimum interest margins while
+Added: avoiding undue interest rate risk.
The Company places a greater level of credence in net interest income simulation modeling.
4 unchanged sentences
Net interest income simulation modeling, or earnings-at-risk, measures the sensitivity of net interest income to various interest rate movements.
+Added: Interest rate risk modeling is supported by liquidity risk modeling.
The Company’s asset liability process monitors simulated net interest income under three separate interest rate scenarios;
18 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.