16 unchanged sentences
It is management’s goal to manage the Bank’s portfolios so that NII at risk over 12 and 24-month periods and the economic value of equity at risk do not exceed policy guidelines at the various interest rate shock levels .
−Removed: As of March 31, 2025, the Com pany exceeded Board approved limits for percentage change in economic value of equity in the interest rate shock of -200 and -100 an d at December 31, 2024, the Company exceeded Board approved limits for the percentage change in economic value of equity in the interest rate shock of -200.
−Removed: In both periods the Company exceeded board approved levels due to average lives and low level of market rates on non-maturing deposit instruments.
+Added: As of June 30, 2025 and December 31, 2024, the Com pany exceeded Board approved limits for percentage change in economic value of equity in the interest rate shock of -200 .
+Added: In both periods, the Company exceeded board approved levels due to average lives and the low level of market rates on non-maturing deposit instruments.
Measures of NII at risk produced by simulation analysis are indicators of an institution’s short-term performance in alternative rate environments.
4 unchanged sentences
Policy limit +/- 25% +/- 20% +/- 15% +/- 10% +/- 10% +/- 15%
−Removed: March 31, 2025 (3.9) % (2.5) % (1.4) % (0.6) % 0.1 % (1.7) %
+Added: June 30, 2025 (7.6) % (5.2) % (3.2) % (1.4) % 0.7 % (0.6) %
December 31, 2024 (3.8) % (2.4) % (1.3) % (0.5) % (0.1) % (2.1) %
5 unchanged sentences
Policy limit +/- 40% +/- 30% +/- 20% +/- 10% +/- 10% +/- 20%
−Removed: March 31, 2025 17.3 % 15.9 % 12.9 % 7.9 % (10.8) % (25.9) %
+Added: June 30, 2025 13.5 % 12.8 % 10.7 % 6.7 % (9.4) % (22.6) %
December 31, 2024 15.2 % 14.2 % 11.7 % 7.2 % (10.0) % (24.2) %
1 unchanged sentence
For example, although certain assets and liabilities may have similar maturities or periods to repricing, they may react in different degrees to changes in market interest rates.
−Removed: Also, the interest rates on certain types of assets and liabilities may fluctuate in advance of
−Removed: changes in market interest rates, while interest rates on other types may lag behind changes in market rates.
−Removed: Additionally, certain assets, such as adjustable rate mortgage loans, have features which restrict changes in interest rates on a short-term basis and over the life of the asset.
+Added: Also, the interest rates on certain types of assets and liabilities may fluctuate in advance of changes in market interest rates, while interest rates on other types may lag behind changes in market rates.
+Added: Additionally, certain assets, such as adjustable rate mortgage loans, have features which restrict changes in interest rates on a short-term basis and over the life of the
Further, if interest rates change, expected rates of prepayments on loans and early withdrawals from certificates of deposit could deviate significantly from those assumed in calculating the tables.
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.