TFSL — what changed in the latest 10-Q

Text added vs the prior filing · source: 10-Q · 2026-05-07

• the process with an ability to issue findings for remediation if deemed necessary. The program is also regularly exposed to additional scrutiny in the form of regulatory oversight. Management established the risk management framework with an appropriate level of sophistication such that it fully enc…

• We also offer a 10-year, fully amortizing fixed-rate, first mortgage loan. The opportunities to attract 10-year, fixed-rate loans are better during periods of higher refinance activity. The 10-year, fixed-rate loan has a more desirable interest rate risk

• profile when compared to loans with fixed-rate terms of 15 to 30 years and can help to more effectively manage interest rate risk exposure, yet provides our borrowers with the certainty of a fixed interest rate throughout the life of the obligation.

• For the Three Months Ended March 31, For the Six Months Ended March 31,

• Allowance balance for credit losses on unfunded commitments (beginning of the period)$29,074 $27,202 $30,116 $27,811

Text removed vs the prior filing · source: 10-Q · 2026-02-05

• appropriate level of sophistication such that it fully encapsulates all identified areas of risk, in conjunction with a necessary level of governance, to promote the program’s intention of properly identifying and managing our risk profile.

• We also offer a 10-year, fully amortizing fixed-rate, first mortgage loan. The opportunities to attract 10-year, fixed-rate loans are better during periods of higher refinance activity. The 10-year, fixed-rate loan has a more desirable interest rate risk profile when compared to loans with fixed-rat…

• Allowance balance for credit losses on loans (beginning of the period)$74,244 $70,002

• Allowance balance for loans (end of the period)$74,984 $70,559

• Allowance balance for credit losses on unfunded commitments (beginning of the period)$30,116 $27,811

Text added vs the prior filing · source: 10-Q · 2026-05-07

• General. The Company's most significant form of market risk has historically been interest rate risk. In general, our assets, consisting primarily of mortgage loans, have longer maturities than our liabilities, consisting primarily of deposits and advances from the FHLB of Cincinnati. As a result, a…

• and performance objectives. Additionally, our Board of Directors has authorized the formation of an Asset/Liability Management Committee comprised of key operating personnel, which is responsible for managing this risk in a matter that is consistent with the tolerance limits approved by the Board of…

• EVE is considered as a point in time calculation with a "liquidation" view of the Company and Association where all the cash flows (including interest, principal and prepayments) are modeled and discounted using discount factors derived from the current market yield curves. It provides a long-term v…

• The following table presents the estimated changes in the Company’s and Association's EVE and NII at March 31, 2026, that would result from the indicated changes in the United States Treasury yield curve and other relevant market interest rates.

Text removed vs the prior filing · source: 10-Q · 2026-02-05

• General. The Company's most significant form of market risk has historically been interest rate risk. In general, our assets, consisting primarily of mortgage loans, have longer maturities than our liabilities, consisting primarily of deposits and advances from the FHLB of Cincinnati. As a result, a…

• Economic Value of Equity. Using customized modeling software, the Company and Association prepare periodic estimates of the amounts by which the net present value of cash flows from assets, liabilities and off-balance sheet items (the

• EVE is considered as a point in time calculation with a "liquidation" view of the Company and Association where all the cash flows (including interest, principal and prepayments) are modeled and discounted using discount factors derived from the current market yield curves. It provides a long-term v…

• changes in interest rates. On the other hand, NII is based on static balance sheet projections going one year and two years forward and assumes pricing levels based on projected interest rate environments to calculate net interest income. NII sensitivity is calculated to determine the sensitivity of…

• The following table presents the estimated changes in the Company’s and Association's EVE and NII at December 31, 2025, that would result from the indicated changes in the United States Treasury yield curve and other relevant market interest rates.

Text added vs the prior filing · source: 10-Q · 2026-05-07

• During the quarter ended March 31, 2026, the following trading plan, intended to satisfy the affirmative defense of Rule 10b5-1, was adopted and no trading plans were terminated:

• Adopted/Terminated (1)Duration of PlanNumber of Shares of Company's Common Stock to be Purchased, Exercised, or Sold (2)

• (1) Trading Plans may terminate on an earlier date if all contemplated transactions are completed, upon termination by broker or holder of the Trading Plan, or as otherwise provided in the Trading Plan.

• (2) Subject to certain conditions set forth in the Trading Plan.

Text removed vs the prior filing · source: 10-Q · 2026-02-05

• During the quarter ended December 31, 2025, no trading plans, intended to satisfy the affirmative defense of Rule 10b5-1, were terminated or adopted by a director or officer of the Company.