25 unchanged sentences
Loans, including mortgages held for sale
−Removed: Federal funds sold
+Added: Federal funds sold and Repos
Interest bearing balances with banks
16 unchanged sentences
Regulatory guidelines specify a maximum change of 30% for a 200 basis points rate change.
−Removed: After starting the year 2023 at a rate of 0.15%, the Federal Reserve increased its targeted federal funds rate by 525 basis points and ended the year 2024 at 5.40%.
−Removed: As of December 31, 2024, the model shows decreases in our EVE for all rate shock scenarios.
+Added: After starting the year 2024 at a rate of 4.40%, the Federal Reserve decreased its targeted federal funds rate by 75 basis points and ended the year 2025 at 3.65%.
+Added: As of December 31, 2025, the model shows decreases in our EVE for most rate shock scenarios.
The chart below identifies the EVE impact of rate shocks of down 400 to up 400 in 100 basis point increments.
5 unchanged sentences
Percent change
−Removed: The one-year gap ratio of negative (10.08)% indicates that we would show an decrease in net interest income in a rising rate environment, and the EVE rate shock shows that the EVE would increase in a rising rate environment.
+Added: The one-year gap ratio of negative (9.62)% indicates that we would show a decrease in net interest income in a rising rate environment, and the EVE rate shock shows that the EVE would increase in a rising rate environment.
The EVE simulation model is a static model which provides information only at a certain point in time.
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.