URSB — what changed in the latest 10-Q
A section-by-section comparison of URSB'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 · 2026-08-14 vs the prior 10-Q · 2026-05-15
| Section | Outcome | Added | Removed | Minor | Unchanged |
|---|---|---|---|---|---|
| MD&A | Text added/removed | +32 | −17 | ~8 | 46 |
| Market risk (Item 3) | Text added/removed | +2 | −1 | ~5 | 23 |
| Controls & procedures | Text added/removed | 0 | 0 | ~2 | 0 |
| Legal proceedings | No paragraph-level changes | 0 | 0 | 0 | 1 |
| 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.
Not shown (absent or not faithfully extractable): Risk factors
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 · 2026-08-14
in the securities available-for-sale portfolio, and enhance our liquidity position by purchasing securities available-for-sale and that may be pledged as collateral for potential future borrowing needs.
Securities Held-to-Maturity. Securities held-to-maturity decreased by $4.0 million, or 31.3%, to $8.8 million at June 30, 2026 from $12.8 million at December 31, 2025, primarily due to maturities. The funds from maturities were used to fund loans and the purchase of securities available-for-sale.
Loans Receivable, Net. Loans receivable, net, increased by $17.2 million, or 5.7%, to $317.6 million at June 30, 2026 from $300.4 million at December 31, 2025. One- to four-family residential mortgage loans increased by $12.4 million, or 8.6%, to $156.0 million at June 30, 2026 from $143.6 million a…
Bank Owned Life Insurance. Bank owned life insurance increased by $127,000, or 2.9%, to $7.2 million at June 30, 2026 from $7.0 million at December 31, 2025, due to an increase in the cash surrender value of the existing policies. We invest in bank owned life insurance to help offset the costs of ou…
Federal Home Loan Bank Advances. Federal Home Loan Bank advances decreased by $7.5 million, or 16.0%, to $39.3 million at June 30, 2026 from $46.8 million at December 31, 2025. This decrease was due to the maturity of existing advances and no need to replace the funds due to capital raised in the co…
Text removed vs the prior filing · source: 10-Q · 2026-05-15
Securities Held-to-Maturity. Securities held-to-maturity decreased by $1.0 million, or 7.9%, to $11.8 million at March 31, 2026 from $12.8 million at December 31, 2025, primarily due to maturities. The funds from maturities were used to fund loans and the purchase of securities available-for-sale.
Loans Receivable, Net. Loans receivable, net, increased by $4.3 million, or 1.4%, to $304.7 million at March 31, 2026 from $300.4 million at December 31, 2025. One- to four-family residential mortgage loans increased by $3.9 million, or 2.8%, to $147.5 million at March 31, 2026 from $143.6 million a…
Bank Owned Life Insurance. Bank owned life insurance increased by $63,000, or 0.9%, to $7.1 million at March 31, 2026 from $7.0 million at December 31, 2025, due to an increase in the cash surrender value of the existing policies. We invest in bank owned life insurance to help offset the costs of ou…
Federal Home Loan Bank Advances. Federal Home Loan Bank advances decreased by $2.0 million, or 4.3%, to $44.8 million at March 31, 2026 from $46.8 million at December 31, 2025. This decrease was due to the maturity of existing advances and no need to replace the funds.
Total Equity. Total equity increased by $19.8 million, or 98.9%, to $39.8 million at March 31, 2026 from $20.0 million at December 31, 2025, primarily due to the capital raised in the conversion stock offering as well as net income of $155,000 for the three months ended March 31, 2026, and a decreas…
Market risk (Item 3)
Text added vs the prior filing · source: 10-Q · 2026-08-14
the specified basis point increments or decreases instantaneously by the specified basis point increments, with changes in interest rates representing immediate and permanent, parallel shifts in the yield curve.
The following table sets forth, as of June 30, 2026, the estimated changes in EVE that would result from the designated immediate changes in the United States Treasury yield curve. The changes indicated in the following table are within policy guidelines adopted by our board of directors.
Text removed vs the prior filing · source: 10-Q · 2026-05-15
The following table sets forth, as of March 31, 2026, the estimated changes in EVE that would result from the designated immediate changes in the United States Treasury yield curve. The changes indicated in the following table are within policy guidelines adopted by our board of directors.
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