VWFB — what changed in the latest 10-Q
A section-by-section comparison of VWFB'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 · 2025-05-13 vs the prior 10-Q · 2025-02-13
| Section | Outcome | Added | Removed | Minor | Unchanged |
|---|---|---|---|---|---|
| MD&A | Text added/removed | +15 | −16 | ~27 | 43 |
| Controls & procedures | Text added/removed | 0 | −1 | ~4 | 2 |
| 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): Market risk (Item 3), 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 · 2025-05-13
Management’s discussion and analysis of financial condition and results of operations is intended to assist in understanding the Company’s consolidated financial condition at March 31, 2025 and consolidated results of operations for the three and nine months ended March 31, 2025 and 2024. It should …
Cash and Due from Banks. Cash and due from banks decreased by $24.8 million, or -78.2%, to $6.9 million at March 31, 2025 from $31.6 million at June 30, 2024. The decrease was due primarily to funding purchases of investment securities and loan growth.
Investment Securities. Investment securities increased $44.4 million, or 31.9%, to $183.8 million at March 31, 2025, from $139.3 million at June 30, 2024. Aggregate securities purchases of $91.3 million during the nine months ended March 31, 2025, were partially offset by $30.2 million of calls, mat…
Management identified $19.6 million of fixed rate securities as sale candidates with a weighted average book yield of 1.68% and a weighted average maturity of 8.6 years. After performing an earn back analysis, management identified that at a modest reinvestment rate of 6%, reinvesting the cash proce…
The $148,000 decrease in the fair value of the investment securities was primarily attributable to the variability in market interest rates. As market interest rates increase, the fair value of the securities decreases. The unrealized gains and losses are recorded to shareholders’ equity, net of tax…
Text removed vs the prior filing · source: 10-Q · 2025-02-13
Management’s discussion and analysis of financial condition and results of operations is intended to assist in understanding the Company’s consolidated financial condition at December 31, 2024 and consolidated results of operations for the three and six months
ended December 31, 2024 and 2023. It should be read in conjunction with the unaudited consolidated financial statements and the related notes appearing in Part I, Item 1, of this Quarterly Report on Form 10-Q.
Cash and Due from Banks. Cash and due from banks decreased by $16.0 million, or -50.4%, to $15.7 million at December 31, 2024 from $31.6 million at June 30, 2024. The decrease was due primarily to the payoff of the overnight Cash Management Advance (“CMA”) line with FHLB at June 30, 2024, which was …
Investment Securities. Investment securities increased $12.0 million, or 8.6%, to $151.3 million at December 31, 2024, from $139.3 million at June 30, 2024. Aggregate securities purchases of $48.8 million during the six months ended December 31, 2024, were partially offset by $20.2 million of calls,…
The $166,000 increase in the fair value of the investment securities was primarily attributable to the variability in market interest rates. As market interest rates decrease, the fair value of the securities increases. The unrealized gains and losses are recorded to shareholders’ equity, net of tax…
Controls & procedures
Text removed vs the prior filing · source: 10-Q · 2025-02-13
Company expects this work to allow the Company to develop and implement enhanced internal controls over financial reporting.
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