2 unchanged sentences
Consolidated Balance Sheets
−Removed: March 31, 2023 and December 31, 2022
+Added: June 30, 2023 and December 31, 2022
(Dollars in thousands)
27 unchanged sentences
authorized 20,000,000 shares;
−Removed: issued and outstanding 5,637,021 shares at March 31, 2023 and 5,636,830 shares at December 31, 2022
+Added: issued and outstanding 5,590,799 shares at June 30, 2023 and 5,636,830 shares at December 31, 2022
Common stock held by deferred compensation trust, at cost;
−Removed: 158,356 shares at March 31, 2023 and 163,883 shares at December 31, 2022
+Added: 165,142 shares at June 30, 2023 and 169,094 shares at December 31, 2022
Deferred compensation
6 unchanged sentences
Consolidated Statements of Earnings
−Removed: Three Months Ended March 31, 2023 and 2022
+Added: Three and Six Months Ended June 30, 2023 and 2022
(Dollars in thousands, except per share amounts)
+Added: Three months ended
+Added: Six months ended
Interest income:
6 unchanged sentences
Interest expense:
−Removed: Interest-bearing demand, MMDA & savings deposits
+Added: NOW, MMDA & savings deposits
Time deposits
3 unchanged sentences
Provision for credit losses
−Removed: Net interest income after provision for credit losses
+Added: Net interest income after provision for loan losses
Non-interest income:
13 unchanged sentences
Appraisal management fee expense
+Added: Miscellaneous
Total non-interest expense
7 unchanged sentences
Consolidated Statements of Comprehensive Income (Loss)
−Removed: Three Months Ended March 31, 2023 and 2022
+Added: Three and Six Months Ended June 30, 2023 and 2022
(Dollars in thousands)
+Added: Three months ended
+Added: Six months ended
Other comprehensive income (loss):
2 unchanged sentences
Total other comprehensive income (loss), before income taxes
−Removed: Income tax benefit related to other comprehensive income (loss):
+Added: Income tax expense (benefit) related to other comprehensive income:
Unrealized holding gains (losses) on securities available for sale
−Removed: Reclassification adjustment for losses on sales of securities available for sale included in net earnings
−Removed: Total income tax expense (benefit) related to other comprehensive income (loss)
+Added: Reclassification adjustment for losses on on securities available for sale included in net earnings
+Added: Total income tax expense (benefit) related to other comprehensive income
Total other comprehensive income (loss), net of tax
3 unchanged sentences
Consolidated Statements of Changes in Shareholders' Equity
−Removed: Three Months Ended March 31, 2023 and 2022
+Added: Three and Six Months Ended June 30, 2023 and 2022
(Dollars in thousands)
7 unchanged sentences
Balance, March 31, 2023
+Added: Common stock repurchase
+Added: Cash dividends declared on common stock
+Added: Equity incentive plan, net
+Added: Change in accumulated other comprehensive loss, net of tax
+Added: Balance, June 30, 2023
Balance, December 31, 2021
5 unchanged sentences
Balance, March 31, 2022
+Added: Common stock repurchase
+Added: Cash dividends declared on common stock
+Added: Equity incentive plan, net
+Added: Change in accumulated other comprehensive loss, net of tax
+Added: Balance, June 30, 2022
See accompanying Notes to Consolidated Financial Statements.
1 unchanged sentence
Consolidated Statements of Cash Flows
−Removed: Three Months Ended March 31, 2023 and 2022
+Added: Six Months Ended June 30, 2023 and 2022
(Dollars in thousands)
5 unchanged sentences
Loss on sale of investment securities, net
+Added: Gain on sale of premises and equipment
Restricted stock expense
10 unchanged sentences
Proceeds from paydowns of investment securities available for sale
−Removed: Proceeds from paydowns of other investment securities
−Removed: Redemption (purchase) of FHLB stock
+Added: Proceeds from paydowns on other investments
+Added: Redemptions (purchases) of FHLB stock
Net change in loans
Purchases of premises and equipment
+Added: Proceeds from sale of premises and equipment
Proceeds from bank owned life insurance
3 unchanged sentences
Net change in securities sold under agreement to repurchase
−Removed: Proceeds from Fed Funds purchased
−Removed: Repayments of Fed Funds purchased
Common stock repurchased
6 unchanged sentences
Consolidated Statements of Cash Flows, continued
−Removed: Three Months Ended March 31, 2023 and 2022
+Added: Six Months Ended June 30, 2023 and 2022
(Dollars in thousands)
5 unchanged sentences
Initial recognition of lease right-of-use asset and lease liability
−Removed: Allowance for credit losses record upon adoption of ASU 326
+Added: Allowance for credit losses record upon adoption of ASU 326, net of tax
See accompanying Notes to Consolidated Financial Statements.
51 unchanged sentences
Financial assets measured at amortized cost are presented at the net amount expected to be collected by using an allowance for credit losses (“ACL”).
−Removed: In addition, CECL made changes to the accounting for available for sale debt securities.
+Added: In addition, the adoption of CECL resulted in changes to the Company’s accounting for available for sale debt securities.
One such change is to require credit losses to be presented as an allowance rather than as a write-down on available for sale debt securities if management does not intend to sell and does not believe that it is more likely than not, they will be required to sell.
12 unchanged sentences
Accrued interest receivable is excluded from the estimate of credit losses.
−Removed: The allowance for credit losses represents management’s estimate of lifetime credit losses inherent in loans as of March 31, 2023.
+Added: The allowance for credit losses represents management’s estimate of lifetime credit losses inherent in loans as of June 30, 2023.
The allowance for credit losses is estimated by management using relevant available information, from both internal and external sources, relating to past events, current conditions, and reasonable and supportable forecasts.
The Company measures expected credit losses for loans on a pooled basis when similar risk characteristics exist.
−Removed: No loans were individually evaluated as of March 31, 2023.
−Removed: The Company has identified the following portfolio segments and calculates the allowance for credit losses for each using a Weighted Average Remaining Maturity methodology:
+Added: No loans were individually evaluated as of June 30, 2023.
+Added: The Company has identified the following portfolio segments and calculates the allowance for credit losses for each using a Weighted Average Remaining Maturity (“WARM”) methodology:
- 1-4 family residential construction loans
12 unchanged sentences
- Obligations (other than securities and leases) of states and political subdivisions in the US
−Removed: Under the WARM methodology, lifetime losses are calculated by determining the remaining life of the loan pool and then applying a loss rate which includes a forecast component over this remaining life of the loan.
+Added: - Other loans
+Added: Under the WARM methodology, lifetime losses are calculated by determining the remaining life of the loan pool and then applying a loss rate which includes a forecast component over this remaining life of the loan pool.
The methodology considers historical loss experience and a loss forecast expectation to estimate credit losses for the remaining balance of the loan pool.
The calculated loss rate is applied to the contractual term (adjusted for prepayments) to determine the loan pool’s current expected credit losses.
−Removed: The Company’s forecast period for all pools projects the next four quarters to have similar loss rates to the period between November 1, 2015 and March 31, 2019, and then with a reversion back to the long-term average over four quarters.
+Added: The Company’s forecast component projects the next four quarters to have similar loss rates to the period between November 1, 2015 and June 30, 2019, and then with a reversion back to the long-term average over four quarters.
Additionally, the allowance for credit losses calculation includes subjective adjustments for qualitative risk factors that are likely to cause estimated credit losses to differ from historical experience.
9 unchanged sentences
When management determines that foreclosure is probable and the borrower is experiencing financial difficulty, the expected credit losses are based on the fair value of collateral at the reporting date unadjusted for selling costs as appropriate.
−Removed: The Company did not have any loans evaluated on an individual basis at March 31, 2023.
+Added: The Company did not have any loans evaluated on an individual basis at June 30, 2023.
Financial instruments include off-balance sheet credit instruments, such as commitments to make loans and commercial letters of credit issued to meet customer financing needs.
4 unchanged sentences
The allowance for unfunded commitments is included in other liabilities on the Company’s consolidated balance sheets.
+Added: Reclassification
+Added: Certain amounts in the 2022 consolidated financial statements have been reclassified to conform to the 2023 presentation.
+Added: These reclassifications did not have any impact on shareholders’ equity or net earnings.
(2) Investment Securities
−Removed: Investment securities available for sale at March 31, 2023 and December 31, 2022 are as follows:
+Added: Investment securities available for sale at June 30, 2023 and December 31, 2022 are as follows:
(Dollars in thousands)
−Removed: March 31, 2023
+Added: June 30, 2023
Amortized Cost
14 unchanged sentences
State and political subdivisions
−Removed: The current fair value and associated unrealized losses on investments in securities with unrealized losses at March 31, 2023 and December 31, 2022 are summarized in the tables below, with the length of time the individual securities have been in a continuous loss position.
+Added: The current fair value and associated unrealized losses on investments in securities with unrealized losses at June 30, 2023 and December 31, 2022 are summarized in the tables below, with the length of time the individual securities have been in a continuous loss position.
(Dollars in thousands)
−Removed: March 31, 2023
+Added: June 30, 2023
Less than 12 Months
16 unchanged sentences
State and political subdivisions
−Removed: At March 31, 2023, unrealized losses in the investment securities portfolio relating to debt securities totaled $ 50.7 million.
+Added: At June 30, 2023, unrealized losses in the investment securities portfolio relating to debt securities totaled $ 56.9 million.
The unrealized losses on these debt securities arose due to changing interest rates and are considered to be temporary.
−Removed: From the March 31, 2023 tables above, all three of the U.S.
+Added: From the June 30, 2023 tables above, all three of the U.S.
Treasury securities, all 108 of the securities issued by state and political subdivisions, all seven of the securities issued by U.S.
2 unchanged sentences
Government sponsored enterprises, including mortgage-backed securities.
−Removed: The Company does not have an allowance for credit losses on available for sale securities at March 31, 2023.
+Added: The Company does not have an allowance for credit losses on available for sale securities at June 30, 2023.
At December 31, 2022, unrealized losses in the investment securities portfolio relating to debt securities totaled $ 62.3 million.
5 unchanged sentences
Government sponsored enterprises, including mortgage-backed securities.
−Removed: The amortized cost and estimated fair value of investment securities available for sale at March 31, 2023, presented by contractual maturity, are shown below.
+Added: The amortized cost and estimated fair value of investment securities available for sale at June 30, 2023, presented by contractual maturity, are shown below.
Expected maturities of mortgage-backed securities will differ from contractual maturities because borrowers have the right to prepay obligations with or without prepayment penalties.
−Removed: March 31, 2023
+Added: June 30, 2023
(Dollars in thousands)
5 unchanged sentences
Mortgage-backed securities
−Removed: During the three months ended March 31, 2023, proceeds from sales of securities available for sale were $ 53.5 million and resulted in gross losses of $ 2.7 million and gross gains of $ 177,000 .
−Removed: No securities available for sale were sold during the three months ended March 31, 2022.
−Removed: Securities with a fair value of approximately $ 99.6 million and $ 96 .0 million at March 31, 2023 and December 31, 2022, respectively, were pledged to secure public deposits and for other purposes as required by law.
−Removed: Major classifications of loans at March 31, 2023 and December 31, 2022 are summarized as follows:
+Added: No securities available for sale were sold during the three months ended June 30, 2023.
+Added: During the six months ended June 30, 2023, proceeds from sales of securities available for sale were $ 51.0 million and resulted in gross losses of $ 2.7 million and gross gains of $ 177,000 .
+Added: No securities available for sale were sold during the six months ended June 30, 2022.
+Added: Securities with a fair value of approximately $ 120.7 million and $ 96.0 million at June 30, 2023 and December 31, 2022, respectively, were pledged to secure public deposits and for other purposes as required by law.
+Added: Major classifications of loans at June 30, 2023 and December 31, 2022 are summarized as follows:
(Dollars in thousands)
+Added: December 31, 2022
Real estate loans:
30 unchanged sentences
Loans are returned to accrual status when all the principal and interest amounts contractually due are brought current and future payments are reasonably assured.
−Removed: The following tables present an age analysis of past due loans, by loan type, as of March 31, 2023 and December 31, 2022:
−Removed: March 31, 2023
+Added: The following tables present an age analysis of past due loans, by loan type, as of June 30, 2023 and December 31, 2022:
+Added: June 30, 2023
(Dollars in thousands)
33 unchanged sentences
All other loans
−Removed: The following table presents non-accrual loans as of March 31, 2023 and December 31, 2022:
−Removed: Incurred Loss
−Removed: March 31, 2023
+Added: The following table presents non-accrual loans as of June 30, 2023 and December 31, 2022:
+Added: CECL Methodology
+Added: Incurred Loss Methodology
December 31, 2022
24 unchanged sentences
If the borrower continues to experience financial difficulty, another concession, such as principal forgiveness, may be granted.
−Removed: The following table shows the amortized cost basis at March 31, 2023 of the loans modified to borrowers experiencing financial difficulty, disaggregated by loan class and type of concession granted.
+Added: The following table shows the amortized cost basis at June 30, 2023 of the loans to borrowers experiencing financial difficulty that were modified during the six months ended June 30, 2023, disaggregated by loan class and type of concession granted.
+Added: There were no loans to borrowers experiencing financial difficulty that were modified during the three months ended June 30, 2023
(Dollars in thousands)
Term Extension
−Removed: Amortized Cost Basis at March 31, 2023
+Added: Amortized Cost Basis at June 30, 2023
% of Loan Class
+Added: Single-family residential
Commercial real estate
2 unchanged sentences
Financial Effect
+Added: Single-family residential
+Added: Forbearance agreement on matured home equity line of credit (HELOC) that was modified to 180 month term.
Commercial real estate
2 unchanged sentences
Therefore, the amortized cost basis of the loan is reduced by the uncollectible amount and the allowance for credit losses is adjusted by the same amount.
−Removed: No loans modified in the three months ended March 31, 2023 that were made to borrowers experiencing financial difficulty had been written off at March 31, 2023.
+Added: No loans modified in the six months ended June 30, 2023 that were made to borrowers experiencing financial difficulty had been written off at June 30, 2023.
The Bank closely monitors the performance of those loans that are modified because borrowers are experiencing financial difficulty so as to understand the effectiveness of its modification efforts.
−Removed: The following table shows the performance of loans that have been modified in the last 12 months.
+Added: The following table shows the performance of loans that have been modified in the six months ended June 30, 2023.
(Dollars in thousands)
2 unchanged sentences
90 + Days Past Due
+Added: Single-family residential
Commercial real estate
18 unchanged sentences
Total impaired loans
−Removed: The following table presents the average impaired loan balance and the interest income recognized by loan class for the three months ended March 31, 2022 and the twelve months ended December 31, 2022.
+Added: The following table presents the average impaired loan balance and the interest income recognized by loan class for the three and six months ended June 30, 2022 and the twelve months ended December 31, 2022.
(Dollars in thousands)
Three months ended
+Added: Six months ended
Twelve months ended
−Removed: March 31, 2022
+Added: June 30, 2022
+Added: June 30, 2022
December 31, 2022
3 unchanged sentences
Interest Income Recognized
+Added: Average Balance
+Added: Interest Income Recognized
Real estate loans:
9 unchanged sentences
Total impaired loans
−Removed: Impaired loans collectively evaluated for impairment totaled $ 5.3 million $ 4.9 million at March 31, 2022 and December 31, 2022, respectively and are included in the tables above.
−Removed: Allowance on impaired loans collectively evaluated for impairment totaled $ 47,000 and $ 44,000 at March 31, 2022 and December 31, 2022, respectively.
−Removed: The following tables present changes in the allowance for credit losses for the three months ended March 31, 2023 and 2022.
−Removed: The March 31, 2023 table reflects the CECL methodology and the March 31, 2022 table reflects the Incurred Loss methodology.
+Added: Impaired loans collectively evaluated for impairment totaled $ 5.3 million $ 4.9 million at June 30, 2022 and December 31, 2022, respectively and are included in the tables above.
+Added: Allowance on impaired loans collectively evaluated for impairment totaled $ 47,000 and $ 44,000 at June 30, 2022 and December 31, 2022, respectively.
+Added: The following tables present changes in the allowance for credit losses for the three and six months ended June 30, 2023 and 2022.
+Added: The June 30, 2023 table reflects the CECL methodology and the June 30, 2022 table reflects the Incurred Loss methodology.
Paycheck Protection Program (“PPP”) loans are excluded from the allowance for credit losses because PPP loans are guaranteed by the Small Business Administration (“SBA”).
−Removed: No loans were individually evaluated as of March 31, 2023.
+Added: No loans were individually evaluated as of June 30, 2023.
(Dollars in thousands)
5 unchanged sentences
Consumer and All Other
−Removed: Three months ended March 31, 2023
+Added: Three months ended June 30, 2023
Allowance for credit losses:
Beginning balance
+Added: Provision (recovery) for unfunded commitments
+Added: Provision (recovery) for loan losses
+Added: Ending balance
+Added: Six months ended June 30, 2023
+Added: Allowance for credit losses:
+Added: Beginning balance
Adjustment for CECL implementation
12 unchanged sentences
Consumer and All Other
−Removed: Three months ended March 31, 2022
+Added: Six months ended June 30, 2022:
Allowance for loan losses:
Beginning balance
−Removed: Provision (recovery)
Ending balance
−Removed: Allowance for loan losses March 31, 2022
+Added: Three months ended June 30, 2022:
+Added: Allowance for loan losses:
+Added: Beginning balance
Ending balance
−Removed: individually evaluated for impairment
+Added: Allowance for loan losses at June 30, 2022:
Ending balance:
−Removed: collectively evaluated for impairment
+Added: evaluated for impairment
Ending balance:
−Removed: Loans at March 31, 2022:
+Added: evaluated for impairment
Ending balance
+Added: Loans at June 30, 2022:
Ending balance
−Removed: individually evaluated for impairment
Ending balance:
−Removed: collectively evaluated for impairment
+Added: evaluated for impairment
+Added: Ending balance:
+Added: evaluated for impairment
The Bank utilizes several credit quality indicators to manage credit risk in an ongoing manner.
7 unchanged sentences
There is a distinct possibility that the Bank will sustain some loss if the deficiencies are not corrected.
−Removed: The following table presents by credit quality indicator, loan class and year of origination, the amortized cost of the Bank’s loans as of March 31, 2023.
+Added: The following table presents by credit quality indicator, loan class and year of origination, the amortized cost of the Bank’s loans as of June 30, 2023.
Term Loans by Origination Year
(dollars in thousands)
−Removed: March 31, 2023
+Added: June 30, 2023
Real Estate Loans
−Removed: Construction and land development
−Removed: Total Construction and land development
+Added: Construction and land
+Added: Total Construction and
+Added: land development
Single family
12 unchanged sentences
Total all other
−Removed: Total loans not secured by real estate
+Added: Total loans not secured
+Added: by real estate
Current period gross charge-offs
10 unchanged sentences
The average market price during the applicable period is used to compute equivalent shares.
−Removed: The reconciliation of the amounts used in the computation of both “basic earnings per share” and “diluted earnings per share” for the three months ended March 31, 2023 and 2022 is as follows:
−Removed: For the three months ended March 31, 2023
+Added: The reconciliation of the amounts used in the computation of both “basic earnings per share” and “diluted earnings per share” for the three and six months ended June 30, 2023 and 2022 is as follows:
+Added: For the three months ended June 30, 2023
Net Earnings (Dollars in thousands)
4 unchanged sentences
Restricted stock units - unvested
−Removed: Shares held in deferred comp plan by deferred compensation trust
+Added: Shares held in deferred comp plan
+Added: by deferred compensation trust
Diluted earnings per share
−Removed: For the three months ended March 31, 2022
+Added: For the six months ended June 30, 2023
Net Earnings (Dollars in thousands)
4 unchanged sentences
Restricted stock units - unvested
−Removed: Shares held in deferred comp plan by deferred compensation trust
+Added: Shares held in deferred comp plan
+Added: by deferred compensation trust
Diluted earnings per share
+Added: For the three months ended June 30, 2022
+Added: Net Earnings (Dollars in thousands)
+Added: Weighted Average Number of Shares
+Added: Per Share Amount
+Added: Basic earnings per share
+Added: Effect of dilutive securities:
+Added: Restricted stock units - unvested
+Added: Shares held in deferred comp plan
+Added: by deferred compensation trust
+Added: Diluted earnings per share
+Added: For the six months ended June 30, 2022
+Added: Net Earnings (Dollars in thousands)
+Added: Weighted Average Number of Shares
+Added: Per Share Amount
+Added: Basic earnings per share
+Added: Effect of dilutive securities:
+Added: Restricted stock units - unvested
+Added: Shares held in deferred comp plan
+Added: by deferred compensation trust
+Added: Diluted earnings per share
(5) Fair Value
55 unchanged sentences
In addition, the tax ramifications related to the realization of unrealized gains and losses can have a significant effect on fair value estimates and have not been considered in the estimates.
−Removed: The tables below present all financial instruments measured at fair value on a recurring basis by level within the fair value hierarchy, as of March 31, 2023 and December 31, 2022.
+Added: The tables below present all financial instruments measured at fair value on a recurring basis by level within the fair value hierarchy, as of June 30, 2023 and December 31, 2022.
(Dollars in thousands)
−Removed: March 31, 2023
+Added: June 30, 2023
Level 1 Valuation
1 unchanged sentence
Level 3 Valuation
−Removed: Government sponsored enterprises
+Added: sponsored enterprises
Mortgage-backed securities
6 unchanged sentences
Level 3 Valuation
−Removed: Government sponsored enterprises
+Added: sponsored enterprises
Mortgage-backed securities
1 unchanged sentence
Mutual funds held in deferred compensation trust
−Removed: The fair value measurements for mortgage loans held for sale and individually evaluated loans on a non-recurring basis at March 31, 2023 and December 31, 2022 are presented below.
+Added: The fair value measurements for mortgage loans held for sale and individually evaluated loans on a non-recurring basis at June 30, 2023 and December 31, 2022 are presented below.
The fair value measurement process uses certified appraisals and other market-based information;
2 unchanged sentences
(Dollars in thousands)
−Removed: Fair Value Measurements March 31, 2023
+Added: Fair Value Measurements June 30, 2023
Level 1 Valuation
11 unchanged sentences
(Dollars in thousands)
−Removed: Fair Value March 31, 2023
+Added: Fair Value June 30, 2023
Fair Value December 31, 2022
7 unchanged sentences
Discounts to reflect current market conditions and ultimate collectability
−Removed: The carrying amount and estimated fair value of financial instruments at March 31, 2023 and December 31, 2022 are as follows:
+Added: The carrying amount and estimated fair value of financial instruments at June 30, 2023 and December 31, 2022 are as follows:
(Dollars in thousands)
−Removed: Fair Value Measurements at March 31, 2023
+Added: Fair Value Measurements at June 30, 2023
Carrying Amount
3 unchanged sentences
Mortgage loans held for sale
−Removed: Mutual funds held in deferred compensation trust
−Removed: Securities sold under agreements to repurchase
+Added: Mutual funds held in deferred
+Added: compensation trust
+Added: Securities sold under agreements
+Added: to repurchase
Junior subordinated debentures
6 unchanged sentences
Mortgage loans held for sale
−Removed: Mutual funds held in deferred compensation trust
−Removed: Securities sold under agreements to repurchase
+Added: Mutual funds held in deferred
+Added: compensation trust
+Added: Securities sold under agreements
+Added: to repurchase
Junior subordinated debentures
−Removed: As of March 31, 2023, the Bank had operating right of use assets of $ 4.9 million and operating lease liabilities of $ 5.0 million.
+Added: As of June 30, 2023, the Bank had operating right of use assets of $ 5.1 million and operating lease liabilities of $ 5.1 million.
The Bank maintains operating leases on land and buildings for some of the Bank’s branch facilities and loan production offices.
3 unchanged sentences
Leases with a term of 12 months or less are not recorded on the balance sheet and instead are recognized in lease expense on a straight-line basis over the lease term.
−Removed: The following table presents lease cost and other lease information as of March 31, 2023 and 2022.
+Added: The following table presents lease cost and other lease information as of June 30, 2023 and 2022.
(Dollars in thousands)
−Removed: March 31, 2023
−Removed: March 31, 2022
+Added: June 30, 2023
+Added: June 30, 2022
Operating lease cost
5 unchanged sentences
Weighted-average discount rate - operating leases
−Removed: The following table presents lease maturities as of March 31, 2023.
+Added: The following table presents lease maturities as of June 30, 2023.
(Dollars in thousands)
Maturity Analysis of Operating Lease Liabilities:
−Removed: March 31, 2023
+Added: June 30, 2023
Imputed Interest
9 unchanged sentences
(Dollars in thousands)
−Removed: As of and for the three months ended March 31, 2023
+Added: As of and for the three months ended June 30, 2023
Interest income
8 unchanged sentences
Net income (loss)
−Removed: As of and for the three months ended March 31, 2022
+Added: As of and for the three months ended June 30, 2022
Interest income
8 unchanged sentences
Net income (loss)
+Added: As of and for the six months ended June 30, 2023
+Added: Interest income
+Added: Interest expense
+Added: Net interest income
+Added: Provision for credit losses
+Added: Noninterest income
+Added: Appraisal management fee income
+Added: Noninterest expense
+Added: Appraisal management fee expense
+Added: Income tax expense (benefit)
+Added: Net income (loss)
+Added: As of and for the six months ended June 30, 2022
+Added: Interest income
+Added: Interest expense
+Added: Net interest income
+Added: Provision for loan losses
+Added: Noninterest income
+Added: Appraisal management fee income
+Added: Noninterest expense
+Added: Appraisal management fee expense
+Added: Income tax expense (benefit)
+Added: Net income (loss)
(8) Subsequent Events
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.