PDLB — what changed in the latest 10-Q
A section-by-section comparison of PDLB'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 · 2026-11-04 vs the prior 10-Q · 2026-08-05
| Section | Outcome | Added | Removed | Minor | Unchanged |
|---|---|---|---|---|---|
| MD&A | Text added/removed | +23 | −14 | ~65 | 115 |
| 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 | 0 |
| Risk factors | No material changes reported (points to the 10-K) | — | — | — | — |
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): 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 · 2026-11-04
the risk that the repurchase of Ponce Financial Group, Inc.’s Preferred Stock issued under the ECIP may not be consummated on the anticipated timeline, on the anticipated terms, or at all;
Banking Development District and Community Bank Deposit Program
Deferred Tax Asset Valuation Allowance. Management has been actively monitoring and evaluating the realizability of the New York State and New York City deferred tax assets over multiple reporting periods. Given the significant impact of the loan subtraction modification and apportionment on New Yor…
decision regarding the release of the valuation allowance until the 2025 tax returns were filed and actual tax return data could be incorporated into the analysis, rather than relying on estimated amounts.
Following the filing of the 2025 tax returns in the third quarter of 2026, management updated its analysis to reflect actual filed return information and reassessed the realizability of the deferred tax assets. Based on this updated evaluation, management reached the conclusion outlined below.
Text removed vs the prior filing · source: 10-Q · 2026-08-05
The Company continues its relationship with Raisin Solutions US LLC ("Raisin"), a fintech that focuses on gathering deposits for financial institutions through the Internet. As of June 30, 2026 and December 31, 2025, the Company had $671.5 million and $643.9 million, respectively, in such deposits, …
Total Assets. Total consolidated assets increased $270.7 million, or 8.4%, to $3.49 billion at June 30, 2026 from $3.22 billion at December 31, 2025. The increase in total assets is largely attributable to increases of $280.5 million in net loans receivable, $13.9 million in cash and cash equivalent…
these loans are generally made to businesses predominantly on the basis of the cash flows of the business rather than on valuation of the real estate.
Deposits. The composition of deposits at June 30, 2026 and December 31, 2025 and changes in dollars and percentages are summarized as follows:
As of June 30, 2026 and December 31, 2025, there were $50.2 million and $0.3 million, respectively, in brokered deposits.
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