OSBK — what changed in the latest 10-Q
A section-by-section comparison of OSBK'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 · 2012-05-15 vs the prior 10-Q · 2011-11-14
| Section | Outcome | Added | Removed | Minor | Unchanged |
|---|---|---|---|---|---|
| MD&A | Text added/removed | +14 | −17 | ~10 | 27 |
| Controls & procedures | Text added/removed | 0 | 0 | ~1 | 1 |
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), Legal proceedings, Risk factors, Other information
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 · 2012-05-15
Total assets at March 31, 2012 were $277,259,000, representing a $17,413,000 (6.70%) increase from December 31, 2011. Investment securities decreased $6,236,000 as compared to December 31, 2011. Loans decreased $2,620,000 (1.82%) at March 31, 2012 as compared to December 31, 2011, primarily due to l…
At March 31, 2012, the Company had loan concentrations in the housing industry and in the hotel and motel industry. Total commitment amounts for hotel and motel loans were $19,750,000 at March 31, 2012, of which the full amount was funded and outstanding. The Company’s primary risk relating to the h…
As of March 31, 2012, the Company had total commitments for construction and development loans of $11,611,000, of which $8,162,000 was funded and outstanding. The local housing industry has slowed considerably over the past 24 to 36 months, as has occurred at the state and national level. New loan r…
Net interest income increased $41,000 (1.94%) in the first three months of 2012 compared to the same period for 2011. The Bank’s net interest margin for the first three months of 2012 was 3.53%, compared to 3.32% for the same time period during 2011. Yield on interest earning assets, including nonac…
Interest income for the first three months of 2012 was $2,596,000, representing a decrease of $170,000 (6.15%) as compared to the same period in 2011. Interest expense for the first three months of 2012 decreased $211,000 (32.26%) compared to the same period in 2011. The decrease in interest income …
Text removed vs the prior filing · source: 10-Q · 2011-11-14
Total assets at September 30, 2011 were $259,781,000, representing a $19,587,000 (7.01%) decrease from December 31, 2010. Investment securities decreased $815,000 as compared to December 31, 2010. Loans decreased $8,874,000 (5.44%) at September 30, 2011 as compared to December 31, 2010, primarily du…
During the first quarter 2009, the Bank formed Motel Holdings Georgia, Inc., a subsidiary Company for the purpose of holding a motel that was foreclosed upon by the Bank in January 2009. This subsidiary was set up to limit the Bank’s liability on the operations of the motel and to make a more clear …
At September 30, 2011, the Company had loan concentrations in the housing industry and in the hotel and motel industry. Total commitment amounts for hotel and motel loans were $19,828,000 at September 30, 2011, of which the full amount was funded and outstanding. The Company’s primary risk relating …
As of September 30, 2011, the Company had total commitments for construction and development loans of $14,234,000, of which $11,615,000 was funded and outstanding. The local housing industry has slowed considerably over the past 18 to 24 months, as has occurred at the state and national level. New l…
Net interest income increased $59,000 (0.91%) in the first nine months of 2011 compared to the same period for 2010. The Bank’s net interest margin for the first nine months of 2011 was 3.46%, compared to 3.34% for the same time period during 2010. Yield on interest earning assets, including nonaccr…
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