41 unchanged sentences
FHLB advances — — 450,000 550,000 — — — — 1,000,000
−Removed: FRB borrowings 200,000 300,000 145,000 — — — — — 645,000
Long-term debt (3)
17 unchanged sentences
Varying interest rate environments can create unexpected changes in prepayment levels of assets and liabilities that are not reflected in the interest rate sensitivity analysis.
−Removed: These prepayments may have a significant impact on
−Removed: our net interest margin.
+Added: These prepayments may have a significant impact on our net interest margin.
Because of these factors, an interest sensitivity gap analysis may not provide an accurate assessment of our actual exposure to changes in interest rates.
19 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, 2023 and 2022 reflected the impact of higher market interest rates, an inverted yield curve and changes to overall balance sheet composition.
+Added: The reduced levels of interest rate sensitivity between December 31, 2024 and 2023 reflect the effect of selling $990 million of multifamily loans at the end of the fourth quarter of 2024 which resulted in a lower balance of fixed-rate assets and adjustable rate borrowings.
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.