10 unchanged sentences
There were no changes in the Company’s internal control over financial reporting (as such term is defined in Rules 13a-15(f) and 15d-15(f) under the Exchange Act) that occurred during the three
−Removed: months ended September 30, 2022 that have materially affected, or are reasonably likely to materially affect, the Company’s internal control over financial reporting.
+Added: months ended March 31, 2023 that have materially affected, or are reasonably likely to materially affect, the Company’s internal control over financial reporting, except as noted below.
+Added: Beginning January 1, 2023, the Company adopted ASU No.
+Added: 2016-13, Financial Instruments – Credit Losses (Topic 326) Measurement of Credit Losses on Financial Instruments.
+Added: The Company implemented changes to the policies, processes, and controls over the estimation of the allowance for credit losses to
+Added: support the adoption of ASU 2016-13.
+Added: Many controls under this new standard mirror controls under the prior GAAP methodology.
+Added: New controls were established over the review of the reasonable and supportable assumptions used for the economic
+Added: forecast and qualitative adjustment risks.
+Added: In addition, controls were modified to require final approval of the allowance for credit losses estimate to a chartered committee within the Company.
+Added: Finally, there were new controls established over
+Added: the Company’s loan scorecard process.
OTHER INFORMATION
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.