20 unchanged sentences
The following table presents the estimated change in net interest income for one year under several scenarios of assumed interest rate changes for the rate shock levels shown.
−Removed: The net interest income in each scenario is based on parallel and permanent changes in the interest rates.
−Removed: Scenario % Change
+Added: The changes in each interest rate scenario represents the difference between estimated net interest income in the unchanged interest rate scenario, or the base case, and the estimated net interest income in each of the alternative interest rate scenarios.
+Added: The net interest income in each scenario is based on parallel yield curve changes in the interest rates applied to a static balance sheet.
+Added: These do not reflect earnings expectations of management.
+Added: Net Interest Income at March 31, 2023
+Added: Change in Interest Rates Amount % Change
300 basis points rising $77,792 (9.12)%
1 unchanged sentence
100 basis points rising 82,533 (3.59)
+Added: Base 85,602 —
100 basis points falling 88,827 3.77
−Removed: As of September 30, 2022, the estimated effect of a 300 basis point increase in interest rates would be a decrease of the Company’s net interest income by approximately 5.87 percent, or $5,440 over the twelve months ended September 30, 2023.
+Added: 200 basis points falling 96,423 12.64
Computations of the prospective effects of hypothetical interest rate changes are based on numerous assumptions.
The assumptions used in our interest rate sensitivity simulation discussed above are inherently uncertain and, as a result, the simulations cannot precisely measure net interest income or precisely predict the impact of changes in interest rates on net interest income.
−Removed: Actual values may differ from those projections set forth above due to timing, magnitude and frequency of interest rate changes as well as changes in market conditions.
+Added: Actual results may differ from those projections set forth above due to timing, magnitude and frequency of interest rate changes as well as changes in market conditions and customer behavior.
Further, the computations do not contemplate any actions the Company may undertake in response to changes in interest rates.
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.