21 unchanged sentences
(5) managing the maturities and rate structures of borrowings and time deposits;
−Removed: and (6) purchasing interest rate swaps to manage overall balance sheet interest rate risk.
+Added: and (6) utilizing interest rate swaps, caps, floors, and collars to manage overall balance sheet interest rate risk.
The matching of assets and liabilities may be analyzed by examining the extent to which such assets and liabilities are “interest rate sensitive.” Interest rate sensitivity is monitored through the use of an IRR model, which measures the change in the institution’s EVE and net interest income under various interest rate scenarios.
10 unchanged sentences
For loans, investments, borrowings and time deposits, the fair value used in the EVE closely aligns with the Company’s fair value measurements defined within Note 8, Fair Value Measurements to the consolidated financial statements.
−Removed: However, for non-maturity deposits, the fair value differs for EVE as it also considers the likelihood of deposit withdrawals and the current weighted average deposit rate relative to market rates.
+Added: However, for non-maturity deposits, the fair value differs as EVE considers the likelihood of deposit withdrawals and the current weighted average deposit rate relative to market rates which are key drivers to non-maturity deposit value.
The Company’s weighted average age of non-maturity deposit accounts was approximately 12.1 years, and the weighted average cost was 1.86%.
The Company performs a variety of EVE and twelve-month net interest income sensitivity scenarios.
−Removed: At both March 31, 2026 and December 31, 2025, the Company was in compliance with Board guidelines for each scenario.
−Removed: The following table sets forth sensitivity for a specific range of interest rate scenarios as of March 31, 2026 and December 31, 2025.
−Removed: March 31, 2026 December 31, 2025
+Added: At both June 30, 2026 and December 31, 2025, the Company was in compliance with Board guidelines for each scenario.
+Added: The following table sets forth sensitivity for a specific range of interest rate scenarios as of June 30, 2026 and December 31, 2025.
+Added: June 30, 2026 December 31, 2025
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) 1.0 11.9 (4.3) 3.0
−Removed: The net interest income sensitivity results indicate that at March 31, 2026, the Company was modestly liability sensitive, and the measure of EVE at risk decreased in both rising and falling rate scenarios from December 31, 2025 to March 31, 2026.
−Removed: The change in sensitivity between March 31, 2026 and December 31, 2025 was impacted by growth in floating rate loans partially offset by a mix shift into non-maturity deposits with higher betas, a mix shift in the investment portfolio and a decline in interest earning cash.
+Added: The net interest income sensitivity results indicate that at June 30, 2026, the Company was modestly liability sensitive, and the measures of EVE and net interest income at risk increased in rising rate scenarios from December 31, 2025 to June 30, 2026.
+Added: The change in sensitivity between June 30, 2026 and December 31, 2025 was impacted by the addition of the Flushing loans and deposits and redeployment of loans sale proceeds into securities, offset by interest rate collars intended to limit exposure to increases in short-term interest rates while foregoing some of the upside if short-term interest rates decrease significantly
Certain shortcomings are inherent in the methodology used in the EVE and net interest income IRR measurements.
7 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.