BKSC — what changed in the latest 10-Q
A section-by-section comparison of BKSC's newest periodic SEC filing (10-K/10-Q) against the prior same-form filing: paragraphs added and removed per section, with verbatim excerpts. Purely a deterministic text diff — no similarity scores, no directional read, not investment advice.
Comparing 10-Q · 2023-08-04 vs the prior 10-Q · 2023-05-11
| Section | Outcome | Added | Removed | Minor | Unchanged |
|---|---|---|---|---|---|
| MD&A | Text added/removed | +17 | −6 | ~29 | 26 |
| Market risk (Item 3) | No paragraph-level changes | 0 | 0 | 0 | 1 |
| Controls & procedures | Text added/removed | 0 | 0 | ~2 | 1 |
| Legal proceedings | No paragraph-level changes | 0 | 0 | 0 | 1 |
Counts are paragraphs; added/removed means text added or removed vs the prior filing — no direction or judgement implied.
Not shown (absent or not faithfully extractable): Risk factors, Other information
Representative excerpts
Up to 5 excerpts of about 300 characters per section, quoted verbatim from the two SEC filings.
MD&A
Text added vs the prior filing · source: 10-Q · 2023-08-04
Cash and Cash Equivalents (including interest-bearing deposits at the Federal Reserve)
Total cash and cash equivalents decreased 8.7% or $2.4 million to $25.4 million as of June 30, 2023, from $27.8 million as of December 31, 2022. The decrease in total cash and cash equivalents is primarily due to a net decrease in deposit accounts of $33.9 million and a net increase in loans of $11.…
The average balance of deposits decreased $34.7 million or 5.71% to $574.1 million for the three months ended June 30, 2023, with a yield of 0.85% as compared to $608.8 million for the three months ended June 30, 2022, with a yield of 0.02%. Deposit rates paid have increased as deposit rates paid fr…
We have established an allowance for credit losses through a charge (credit) to the provision for credit losses on our consolidated statements of income. We review our loan portfolio periodically to evaluate our outstanding loans and to measure both the performance of the portfolio and the adequacy …
Other income decreased $0.2 million or 26.37% to $0.4 million for the three months ended June 30, 2023, from $0.6 million for the three months ended June 30, 2022. This decrease was primarily due to a $0.1 million decrease in mortgage banking income. The Bank sold $12.2 million of mortgage loans hel…
Text removed vs the prior filing · source: 10-Q · 2023-05-11
Total cash and cash equivalents decreased 51.9% or $7.7 million to $7.1 million as of March 31, 2023, from $14.8 million as of December 31, 2022. The decrease in total cash and cash equivalents is primarily due to a net decrease in deposit accounts, partially offset by net proceeds from maturities o…
We have established an allowance for credit losses through a charge (credit) to the provision for credit losses on our consolidated statements of income. We review our loan portfolio periodically to evaluate our outstanding loans and to measure both the performance of the portfolio and the adequacy …
Other income decreased $0.2 million or 29.21% to $0.4 million for the three months ended March 31, 2023, from $0.6 million for the three months ended March 31, 2022. This decrease was primarily due to a $0.1 million decrease in mortgage banking income and decrease of $0.1 million on gains on sales o…
Non-interest expense increased $0.2 million or 7.75% to $3.2 million for the three months ended March 31, 2023, from $3.0 million for the three months ended March 31, 2022. The increase in non-interest expense was primarily due to increases in salaries and employee benefits and net occupancy expense…
Income tax expense was $0.3 million for the three months ended March 31, 2023 as compared to $0.4 million during the same period in 2022. Our effective tax rate was 14.33% and 23.39% for the three months ended March 31, 2023 and 2022, respectively. The lower effective rate is the result of the prior…
How to read Risk Factors (Item 1A) in a 10-Q
A 10-Q risk-factor section usually takes one of three forms; this page classifies it as one of:
- Pointer — the filer states there have been no material changes and points back to the annual 10-K risk factors; there is no own risk text to compare this quarter.
- Partial update — the filer carves out specific updated risks ("except as set forth below"); the excerpts show exactly what is new this quarter.
- Restated in full — the quarter carries the complete risk-factor text. When the prior quarter was only a pointer there is no prior full text to diff against, so the page flags the section as restated instead.
This describes the filing structure only — it is never a judgement on whether risk went up or down.
Source: text-level diff of the two SEC EDGAR filings · deterministic (no AI-generated content) · for reference only · not investment advice