7 unchanged sentences
VaR provides a consistent cross-asset measure for risk profiles and allows for diversification benefit based on historical correlations across market moves.
−Removed: As of September 30, 2025, the Company’s exposure through its trading desk does not pose a significant market risk to the Company.
+Added: As of March 31, 2026, the Company’s exposure through its trading desk does not pose a significant market risk to the Company.
All statistical models involve a degree of uncertainty and VaR is calculated at a statistical confidence interval of the 95th percentile based on one-year daily historic market moves.
3 unchanged sentences
Interest Rate Risk Management
−Removed: The Company’s interest rate sensitivity as of September 30, 2025 is illustrated in the following table.
−Removed: The table reflects rate-sensitive positions as of September 30, 2025 and is not necessarily indicative of positions on other dates.
+Added: The Company’s interest rate sensitivity as of March 31, 2026 is illustrated in the following table.
+Added: The table reflects rate-sensitive positions as of March 31, 2026 and is not necessarily indicative of positions on other dates.
The table does not take into account the effect of the Company’s derivatives designated as cash flow hedges.
8 unchanged sentences
Interest bearing cash and cash equivalents $ 2,702,183 $ — $ — $ — $ 2,702,183
−Removed: Investment securities(1) 68,838 197 103,916 4,428,703 4,601,654
+Added: Debt and equity securities(1)
+Added: 60,663 539 20,035 4,592,118 4,673,355
Variable loans 23,635,219 176,732 117,640 237,595 24,167,186
Fixed loans 17,669 81,654 259,839 674,647 1,033,809
−Removed: Total loans(2) 22,706,323 312,757 356,594 918,001 24,293,675
+Added: 23,652,888 258,386 377,479 912,242 25,200,995
Total interest sensitive assets $ 26,415,734 $ 258,925 $ 397,514 $ 5,504,360 $ 32,576,533
11 unchanged sentences
Total $ 11,240,825
−Removed: (1) Available-for-sale debt securities, equity securities and trading securities based on fair market value.
−Removed: (2) Total loans include gross loans held for investment and loans held for sale.
+Added: (1) Available-for-sale debt securities, equity securities and trading debt securities based on fair market value.
While a gap interest table is useful in analyzing interest rate sensitivity, an interest rate sensitivity simulation provides a better illustration of the sensitivity of earnings to changes in interest rates.
9 unchanged sentences
Interest rate derivative contracts may be used to manage exposure to adverse fluctuations in these primary interest rate exposures as is discussed in more detail under the heading Use of Derivatives to Manage Interest Rate and Other Risks below.
−Removed: For modeling purposes, the “shock test” scenarios as of September 30, 2025 and September 30, 2024 assume immediate parallel, sustained 100 and 200 basis point increases in interest rates as well as 100 and 200 basis point decreases in interest rates.
+Added: For modeling purposes, the “shock test” scenarios as of March 31, 2026 and March 31, 2025 assume immediate parallel, sustained 100 and 200 basis point increases in interest rates as well as 100 and 200 basis point decreases in interest rates.
The Company will continue to evaluate these scenarios as interest rates change.
5 unchanged sentences
Annualized Hypothetical Change in Net Interest Income
−Removed: September 30, 2025 September 30, 2024
+Added: March 31, 2026 March 31, 2025
+ 200 basis points 5.5 % 7.4 %
12 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.