GOVB — what changed in the latest 10-Q
A section-by-section comparison of GOVB'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 · 2026-08-13 vs the prior 10-Q · 2026-05-12
| Section | Outcome | Added | Removed | Minor | Unchanged |
|---|---|---|---|---|---|
| MD&A | Text added/removed | +12 | −9 | ~38 | 25 |
| Market risk (Item 3) | Text added/removed | 0 | 0 | ~3 | 8 |
| Controls & procedures | Text added/removed | 0 | 0 | ~1 | 1 |
| 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 · 2026-08-13
We consider the allowance for credit losses to be a critical accounting policy. Note 2 to the Company’s Consolidated Financial Statements for the three and nine months ended June 30, 2026 discusses significant accounting policies, including the allowance for credit losses in accordance with ASC 326,…
Our financial results are affected by the changes in and the level of the allowance for credit losses. This process involves our analysis of complex internal and external variables, and it requires that we exercise judgement to estimate an appropriate allowance for credit losses. As a result of the …
Total assets increased by $0.2 million, or 0.08%, to $198.7 million at June 30, 2026 from $198.5 million at September 30, 2025. The increase in assets was primarily due to an increase in cash and cash equivalents of $1.7 million and an increase in loans receivable, net of $3.8 million, partially off…
Interest expense increased by $21,000, or 5.83%, due to an increase in Federal Home Loan Bank borrowing interest expense, partially offset by a decrease in interest expense on deposits.
Net interest income totaled $5.5 million for the nine months ended June 30, 2026, as compared to $5.3 million for the nine months ended June 30, 2025. Net interest income for the nine months ended June 30, 2026 increased by $226,000, or
Text removed vs the prior filing · source: 10-Q · 2026-05-12
differ from these judgments and estimates under different conditions, resulting in a change that could have a material impact on the carrying values of our assets and liabilities and our results of operations.
We consider the allowance for credit losses to be a critical accounting policy. Note 2 to the Company’s Consolidated Financial Statements for the three and six months ended March 31, 2026 discusses significant accounting policies, including the allowance for credit losses in accordance with ASC 326,…
Our financial results are affected by the changes in and the level of the allowance for credit losses. This process involves our analysis of complex internal and external variables, and it requires that we exercise judgement to estimate an appropriate allowance for credit losses. As a result of the …
secured by real estate, we consider the extent of any past due and unpaid property taxes applicable to the property serving as collateral on the mortgage.
Total assets decreased by $0.2 million, or 0.10%, to $198.3 million at March 31, 2026 from $198.5 million at September 30, 2025. The decrease in assets was primarily due to a decrease in securities available for sale of $1.6 million and a decrease in bank-owned life insurance resulting from the rece…
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