32 unchanged sentences
Item 8 of this report.
−Removed: The following table sets forth the estimated maturity or repricing, and the resulting interest rate gap, of our interest-earning assets (which exclude nonaccrual loans) and interest-bearing liabilities at December 31, 2021.
+Added: The following table sets forth the estimated maturity or repricing, and the resulting interest rate gap, of our interest-earning assets (which exclude nonaccrual loans and net unearned loan fees) and interest-bearing liabilities at December 31, 2022.
The amounts shown below could be significantly affected by external factors such as changes in prepayment assumptions, early withdrawals of deposits, and competition.
28 unchanged sentences
Moreover, the ability of many borrowers to service their adjustable-rate debt may decrease in the event of an increase in market interest rates.
−Removed: While the analysis above sets forth the estimated maturity or repricing and the resulting interest rate gap of our interest-earning assets and interest-bearing liabilities, the following tables show the estimated impact on net interest income and net income at one and two year time horizons with instantaneous parallel rate shocks of up 400 basis points, up 300 basis points, up 200 basis points, up 100 basis points, and up 50 basis points.
−Removed: The Company did not perform analyses for rate shock scenarios where interest rates instantaneously drop as of December 31, 2021 because those scenarios do not produce meaningful results in the current low interest rate environment.
+Added: While the analysis above sets forth the estimated maturity or repricing and the resulting interest rate gap of our interest-earning assets and interest-bearing liabilities, the following tables show the estimated impact on net interest income and net income at one and two year time horizons with instantaneous parallel rate shocks of up 100, 200, 300 and 400 basis points and down 100, 200, 300 and 400 basis point.
Due to the various assumptions used for this modeling and potential balance sheet strategies management may implement to mitigate interest rate risk, no assurance can be given that projections will reflect actual results.
6 unchanged sentences
Up 100 basis points $1,105 1.00 % $4,907 4.11 %
−Removed: Up 50 basis points $4,552 6.36 % $5,730 8.27 %
−Removed: Up 25 basis points $2,321 3.24 % $2,892 4.18 %
−Removed: Down 50 basis points NM NM NM NM
−Removed: Down 100 basis points NM NM NM NM
+Added: Down 100 basis points ($4,646) (4.22) % ($8,749) (7.34) %
+Added: Down 200 basis points ($9,605) (8.73) % ($17,946) (15.05) %
+Added: Down 300 basis points ($14,351) (13.04) % ($27,180) (22.79) %
+Added: Down 400 basis points ($17,812) (16.18) % ($32,080) (26.90) %
The following table shows the estimated impact on net income under the stated interest rate scenarios.
6 unchanged sentences
Up 100 basis points ($369) (0.97) % $2,636 6.00 %
−Removed: Up 50 basis points $3,222 17.11 % $4,095 34.96 %
−Removed: Up 25 basis points $1,841 9.77 % $2,260 19.29 %
−Removed: Down 50 basis points NM NM NM NM
−Removed: Down 100 basis points NM NM NM NM
+Added: Down 100 basis points ($576) (1.52) % ($3,815) (8.67) %
+Added: Down 200 basis points ($1,401) (3.69) % ($7,983) (18.15) %
+Added: Down 300 basis points ($2,056) (5.42) % ($12,181) (27.69) %
+Added: Down 400 basis points ($1,690) (4.45) % ($12,955) (29.45) %
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.