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 March 31, 2026, the Company’s exposure through its trading desk does not pose a significant market risk to the Company.
+Added: As of June 30, 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 March 31, 2026 is illustrated in the following table.
−Removed: The table reflects rate-sensitive positions as of March 31, 2026 and is not necessarily indicative of positions on other dates.
−Removed: The table does not take into account the effect of the Company’s derivatives designated as cash flow hedges.
+Added: The Company’s interest rate sensitivity as of June 30, 2026 is illustrated in the following table.
+Added: The table reflects rate-sensitive positions as of June 30, 2026 and is not necessarily indicative of positions on other dates.
+Added: The table does not take into account the effect of the Company’s derivatives designated as hedges.
The balances of interest rate sensitive assets and liabilities are presented in the periods in which they next reprice to market rates or mature and are aggregated to show the interest rate sensitivity gap.
8 unchanged sentences
Debt and equity securities 56,432 504 68,480 4,439,168 4,564,584
−Removed: 60,663 539 20,035 4,592,118 4,673,355
Variable loans 23,278,640 252,305 94,844 246,806 23,872,595
Fixed loans 44,206 105,576 255,220 669,629 1,074,631
−Removed: 23,652,888 258,386 377,479 912,242 25,200,995
+Added: Total loans 23,322,846 357,881 350,064 916,435 24,947,226
Total interest sensitive assets $ 26,868,034 $ 358,385 $ 418,544 $ 5,355,603 $ 33,000,566
4 unchanged sentences
Long-term debt 113,406 — — 387,453 500,859
−Removed: Total borrowings 113,406 — — 764,887 878,293
Total interest sensitive liabilities $ 20,504,272 $ 1,234,566 $ 58,646 $ 390,975 $ 22,188,459
4 unchanged sentences
Total $ 11,221,495
−Removed: (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 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.
+Added: For modeling purposes, the “shock test” scenarios as of June 30, 2026 and June 30, 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: March 31, 2026 March 31, 2025
+Added: June 30, 2026 June 30, 2025
+ 200 basis points 5.1 % 7.4 %
9 unchanged sentences
To manage the sensitivity of earnings and capital to interest rate, prepayment, credit, price and foreign currency fluctuations (asset and liability management positions), the Company may enter into derivative transactions.
−Removed: In addition, the Company enters into interest rate and foreign exchange derivative contracts to support the business requirements of its customers (customer-related positions).
+Added: In addition, the Company enters into interest rate, commodity and foreign exchange derivative contracts to support the business requirements of its customers (customer-related positions).
For additional information regarding derivatives, see Note 10 - Derivative Financial Instruments in the accompanying notes to the consolidated financial statements included elsewhere in this report.
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.