16 unchanged sentences
There can be no assurance that our profitability will not be materially adversely affected during any period as a result of changing interest rates.
−Removed: The following table quantifies the potential changes in annual net income, assuming no change in our interest earning assets or interest bearing liabilities, should interest rates increase or decrease by 10, 50 or 100 basis points, assuming no change in the shape of the yield curve (i.e., relative interest rates).
+Added: The following table quantifies the potential changes in annual net income, assuming no change in our interest earning assets or interest bearing liabilities, should interest rates decrease by 10 basis points or increase by 10, 50 or 100 basis points, assuming no change in the shape of the yield curve (i.e., relative interest rates).
The base interest rate scenario assumes the one-month LIBOR rate of 0.14% as of December 31, 2020.
2 unchanged sentences
($ in thousands)
−Removed: Change in Interest Rates
−Removed: Net Income (1)
−Removed: -100 Basis Points
−Removed: -50 Basis Points
+Added: Change in Interest Rates Net Income (1)
-10 Basis Points $ 278
4 unchanged sentences
______________________________________________________________________________
−Removed: We have an overall net variable-rate asset position, which results in an increase in net income when rates increase and a decrease in net income when rates decrease.
−Removed: As of December 31, 2019 , $400.4 million of our floating rate loans have a cumulative weighted average LIBOR floor of 1.3% and $35.7 million of our floating rate debt has a cumulative weighted average interest rate floor of 0.4% .
+Added: (1) We have an overall net variable-rate liability position.
+Added: In addition, as of December 31, 2020, $290.7 million of our floating rate loans have a cumulative weighted average LIBOR floor of 1.7% and $42.5 million of our floating rate debt has a cumulative weighted average interest rate floor of 1.5%.
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.