PROV — what changed in the latest 10-Q

Text added vs the prior filing · source: 10-Q · 2026-05-07

• The Corporation’s critical accounting estimates are described in the Critical Accounting Estimates section of Management’s Discussion and Analysis of Financial Condition and Results of Operations and in Note 1 - Organization

• and Summary of Significant Accounting Policies of the Notes to Consolidated Financial Statements of our Annual Report on Form 10-K for the fiscal year ended June 30, 2025 (“2025 Annual Form 10-K”). There have not been any material changes in the Corporation’s critical accounting policies and estimat…

• The California economic environment presents heightened risk to the Corporation, particularly with respect to real estate values and loan delinquencies. Because the majority of the Corporation’s loans are secured by real estate located in California, significant declines in California property value…

• Loans held for investment decreased $16.1 million, or two percent, to $1.03 billion at March 31, 2026 from $1.05 billion at June 30, 2025, predominantly due to a decrease in multi-family loans, partly offset by an increase in single-family loans. During the first nine months of fiscal 2026, the Corp…

• Loans pledged to the FRB-San Francisco increased $78.6 million, or 35 percent, to $305.6 million at March 31, 2026 from $227.0 million at June 30, 2025, while loans pledged to the FHLB-San Francisco decreased $90.5 million, or 12 percent, to $643.9 million over the same period. Total loans pledged a…

Text removed vs the prior filing · source: 10-Q · 2026-02-06

• from those expressed or implied in any forward-looking statements by, or on behalf of, us and could negatively affect the Corporation’s consolidated financial condition and consolidated results of operations as well as its stock price performance.

• The Corporation’s critical accounting estimates are described in the Critical Accounting Estimates section of Management’s Discussion and Analysis of Financial Condition and Results of Operations and in Note 1 - Organization and Summary of Significant Accounting Policies of the Notes to Consolidated…

• risks through prudent banking practices, such as interest rate risk management, credit risk management, operational risk management, and liquidity risk management.

• The California economic environment presents heightened risk to the Corporation, particularly with respect to real estate values and loan delinquencies. Because the majority of the Corporation’s loans are secured by real estate located in California, significant declines in California property value…

• Loans held for investment decreased $8.1 million to $1.04 billion at December 31, 2025 from June 30, 2025, predominantly due to a decrease in multi-family loans, partly offset by an increase in single-family loans. During the first six months of fiscal 2026, the Corporation originated $71.8 million …

Text added vs the prior filing · source: 10-Q · 2026-05-07

• As with any method of measuring interest rate risk, certain shortcomings are inherent in the method of analysis presented in the foregoing tables. For example, although certain assets and liabilities may have similar maturities or periods to reprice, they may react in different degrees to changes in…

Text removed vs the prior filing · source: 10-Q · 2026-02-06

• indicate a strong capital position and resilience to changes in interest rates, consistent with the Corporation’s risk management strategy.

• As with any method of measuring interest rate risk, certain shortcomings are inherent in the method of analysis presented in the foregoing tables. For example, although certain assets and liabilities may have similar maturities or periods to repricing, they may react in different degrees to changes …

• interest rate risk exposure at a specific point in time without taking into account redirection of cash flow activity and deposit fluctuations.