15 unchanged sentences
An asset sensitive position refers to a balance sheet position in which an increase in short-term interest rates is expected to generate higher net interest income, as rates earned on our interest-earning assets would reprice upward more quickly than rates paid on our interest-bearing liabilities, thus expanding our net interest margin.
−Removed: Conversely, a liability sensitive position refers to a balance sheet position in which an increase in short-term interest rates is expected to generate lower net interest income, as rates paid on our interest-bearing liabilities would reprice upward more quickly than rates earned on our interest-earning assets, thus compressing our net interest margin.
+Added: Conversely, a liability sensitive position refers to a balance sheet position in which an increase in short-term interest rates is expected to generate
+Added: lower net interest income, as rates paid on our interest-bearing liabilities would reprice upward more quickly than rates earned on our interest-earning assets, thus compressing our net interest margin.
Interest rate risk measurement is calculated and reported to the ALCO and ALM at least quarterly.
18 unchanged sentences
Net Interest Sensitivity Economic Value of Equity Sensitivity
−Removed: December 31, December 31,
−Removed: 2022 2021 2020 2022 2021 2020
−Removed: +400 basis points (1.23) % 26.96 % 30.27 % (66.09) % (8.18) % 10.14 %
+Added: December 31, 2023 December 31, 2022 December 31, 2023 December 31, 2022
+300 basis points 1.57 % 0.12 % (41.40) % (42.72) %
8 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.