FRMEP — what changed in the latest 10-Q
A section-by-section comparison of FRMEP'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 · 2026-10-30 vs the prior 10-Q · 2026-07-31
| Section | Outcome | Added | Removed | Minor | Unchanged |
|---|---|---|---|---|---|
| MD&A | Text added/removed | +59 | −54 | ~54 | 52 |
| Market risk (Item 3) | No paragraph-level changes | 0 | 0 | 0 | 1 |
| Controls & procedures | Text added/removed | 0 | 0 | ~2 | 0 |
| Legal proceedings | Text added/removed | 0 | 0 | ~1 | 1 |
| Risk factors | No material changes reported (points to the 10-K) | — | — | — | — |
| Other information | Text added/removed | 0 | 0 | ~1 | 0 |
Counts are paragraphs; added/removed means text added or removed vs the prior filing — no direction or judgement implied.
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 · 2026-10-30
The Corporation's allowance for credit losses - loans ("ACL - Loans") totaled $215.5 million, or 1.38 percent of total loans, as of September 30, 2026, compared to $195.6 million, or 1.42 percent, at December 31, 2025, representing an increase of $19.9 million. The increase was attributable to provi…
Nonaccrual loans totaled $117.4 million at September 30, 2026, an increase of $45.6 million from December 31, 2025. The increase was primarily driven by increases of $34.2 million in the commercial and industrial loan class, including three loans totaling $29.7 million, and $8.8 million in the comme…
The Corporation's reserve for unfunded commitments, which is recorded in other liabilities, totaled $18.5 million at September 30, 2026, compared to $18.0 million at December 31, 2025. The $0.5 million increase reflected the acquisition-date allowance for credit losses recognized on off-balance shee…
Several additional asset categories increased from December 31, 2025, primarily due to the acquisition of First Savings, including increases of $76.2 million in goodwill, $66.5 million in the cash surrender value of life insurance, $24.0 million in premises and equipment, $22.5 million in other inta…
The Corporation's tax asset, deferred and receivable, increased $57.6 million from December 31, 2025, primarily driven by a $25.5 million increase in the deferred tax asset associated with the unrealized loss on available for sale securities, a $22.9 million tax asset recorded as part of the First S…
Text removed vs the prior filing · source: 10-Q · 2026-07-31
Savings, the Corporation sold substantially all of the acquired investment securities portfolio. The sale was executed as part of the Corporation’s balance sheet repositioning strategy, with the resulting liquidity used to pay down wholesale funding following the acquisition.
The Corporation's allowance for credit losses - loans ("ACL - Loans") totaled $241.6 million, or 1.56 percent of total loans, as of June 30, 2026, compared to $195.6 million, or 1.42 percent, at December 31, 2025, representing an increase of $46.0 million. The increase reflected a $22.3 million acqu…
Several additional asset categories increased from December 31, 2025 primarily due to the acquisition of First Savings, including goodwill of $76.2 million, cash surrender value of life insurance of $64.8 million, premises and equipment of $27.1 million, other intangibles of $25.2 million, FHLB stoc…
The Corporation's net tax asset, deferred and receivable increased $35.3 million from December 31, 2025, primarily driven by the $22.9 million net tax asset recorded as part of the First Savings acquisition and an increase of $11.3 million in income tax receivable.
Other assets increased $62.2 million from December 31, 2025, primarily due to $26.5 million of assets acquired in the First Savings acquisition, $28.4 million related to investments in community redevelopment funds, and $5.6 million related to the recognition of a right‑of‑use asset associated with …
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