30 unchanged sentences
Other assumptions about balance sheet mix are generally held constant.
−Removed: The Company’s interest rate sensitivity should be reviewed in conjunction with the financial statements and notes thereto contained in the 2023 Form 10-K.
+Added: The Company’s interest rate sensitivity should be reviewed in conjunction with the financial statements and notes thereto contained in the 2023 Form 10-K and this Quarterly Report on Form 10-Q.
The methodologies and assumptions used in this analysis are periodically evaluated and refined in response to changes in the market environment, changes in the Company’s balance sheet composition, enhancements in the Company’s modeling and other factors.
1 unchanged sentence
The Company performs a variety of EVE and twelve-month net interest income sensitivity scenarios.
−Removed: The following table sets forth sensitivity for a specific range of interest rate scenarios as of March 31, 2024 and December 31, 2023.
−Removed: March 31, 2024 December 31, 2023
+Added: The following table sets forth sensitivity for a specific range of interest rate scenarios as of June 30, 2024 and December 31, 2023.
+Added: June 30, 2024 December 31, 2023
Change in Interest Rates in Basis Points Economic Value of Equity Net Interest Income Economic Value of Equity Net Interest Income
7 unchanged sentences
(300) 0.6 (5.3) 6.8 (4.2)
−Removed: The net interest income sensitivity results indicate that at March 31, 2024 the Company was modestly asset sensitive.
−Removed: The change in sensitivity between March 31, 2024 and December 31, 2023 was impacted by a deposit mix shift within non-maturity deposits with lower betas as well as a change in loan prepayments, partially offset by an increase in overnight borrowings and reduction in short-term time deposits.
−Removed: Overall, the measure of EVE at risk decreased in all rate scenarios from December 31, 2023 to March 31, 2024.
+Added: The net interest income sensitivity results indicate that at June 30, 2024 the Company was modestly asset sensitive.
+Added: The change in sensitivity between June 30, 2024 and December 31, 2023 was impacted by a deposit mix shift within non-maturity deposits with lower betas as well as a change in loan prepayments, partially offset by a decrease in floating rate loans, an increase in overnight and short-term borrowings and reduction in short-term time deposits.
+Added: Overall, the measure of EVE at risk decreased in all rate scenarios from December 31, 2023 to June 30, 2024.
This decrease was the result of a deposit mix shift within non-maturity deposits with lower betas and longer average lives, as well as a change in loan prepayments.
9 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.