41 unchanged sentences
FHLB advances 100,000 — — 800,000 200,000 — — — 1,100,000
+Added: FRB borrowings 200,000 300,000 145,000 — — — — — 645,000
Long-term debt (3)
12 unchanged sentences
(3) Based on contractual maturity.
−Removed: As of December 31, 2022, the Company is considered liability-sensitive as exhibited by the gap table and our net interest income sensitivity analysis.
+Added: As of December 31, 2023, the Company is considered liability sensitive as exhibited by the gap table above and our net interest income sensitivity analysis.
Changes in the mix of interest-earning assets or interest-bearing liabilities can either increase or decrease the net interest margin, without affecting interest rate sensitivity.
19 unchanged sentences
-100 3.5 % 1.9 % 0.5 % 10.3 %
+Added: -200 6.6 % 1.0 % 0.2 % 18.1 %
+Added: -300 10.9 % (6.7) % (0.5) % 22.9 %
(1) For purposes of our model, we assume interest rates will not go below zero.
2 unchanged sentences
(3) This percentage change represents the impact to the net present value of equity, assuming there is no change in the structure of the balance sheet.
−Removed: The changes in interest rate sensitivity between December 31, 2022 and 2021 reflected the impact of higher market interest rates, a flatter yield curve and changes to overall balance sheet composition.
+Added: The changes in interest rate sensitivity between December 31, 2023 and 2022 reflected the impact of higher market interest rates, an inverted yield curve and changes to overall balance sheet composition.
Some of the assumptions made in the simulation model may not materialize and unanticipated events and circumstances will occur.
2 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.