SRCE — what changed in the latest 10-Q
A section-by-section comparison of SRCE'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 · 2026-07-23 vs the prior 10-Q · 2026-04-23
| Section | Outcome | Added | Removed | Minor | Unchanged |
|---|---|---|---|---|---|
| MD&A | Text added/removed | +30 | −20 | ~31 | 18 |
| Market risk (Item 3) | No paragraph-level changes | 0 | 0 | 0 | 1 |
| Controls & procedures | Text added/removed | 0 | 0 | ~2 | 0 |
| Legal proceedings | No paragraph-level changes | 0 | 0 | 0 | 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 · 2026-07-23
Our loan to asset ratio was 77.94% at June 30, 2026, compared to 77.82% at December 31, 2025 and 78.11% at June 30, 2025. Cash and cash equivalents totaled $127.30 million at June 30, 2026, compared to $119.86 million at December 31, 2025 and $149.11 million at June 30, 2025. The increase in cash an…
(1) See “Reconciliation of Non-GAAP Financial Measures” at the end of this section for additional information on this performance measure/ratio.
Six Months Ended June 30, 2026, compared to the Six Months Ended June 30, 2025
The taxable-equivalent net interest income for the six months ended June 30, 2026, was $183.59 million, an increase of 10.31% over the same period in 2025. The net interest margin on a fully taxable-equivalent basis was 4.24% for the six months ended June 30, 2026, compared to 3.95% for the same per…
During the six month period ended June 30, 2026, average earning assets increased $235.08 million, up 2.77% over the comparable period in 2025. Average interest-bearing liabilities increased $81.47 million or 1.37%. The yield on average earning assets decreased one basis point to 5.95% from 5.96% pr…
Text removed vs the prior filing · source: 10-Q · 2026-04-23
Our loan to asset ratio was 77.73% at March 31, 2026, compared to 77.82% at December 31, 2025 and 76.57% at March 31, 2025. Cash and cash equivalents totaled $118.81 million at March 31, 2026, compared to $119.86 million at December 31, 2025 and $222.82 million at March 31, 2025. The decrease in cas…
The provision for credit losses for the three months ended March 31, 2026, was $7.27 million, compared to $3.27 million during the three months ended March 31, 2025. Net charge-offs of $3.96 million or 0.23% of average loans and leases were recorded for the first quarter of 2026, compared to $0.18 m…
We modestly adjusted an economic uncertainty qualitative factor to reflect the current environment’s heightened geopolitical uncertainty. We continually evaluate risks that may impact our loan portfolios including an uncertain domestic and global economic outlook influenced by evolving trade policie…
Trust and wealth advisory fees (which include investment management fees, estate administration fees, mutual fund fees, annuity fees, and fiduciary fees) increased during the three months ended March 31, 2026, compared with the same period a year ago. Trust and wealth advisory fees are largely based…
Service charges on deposit accounts increased for the three months ended March 31, 2026, compared to the same period in 2025. The increase in service charges on deposit accounts was the result of higher consumer nonsufficient fund and overdraft transactions.
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