WABC — what changed in the latest 10-Q
A section-by-section comparison of WABC'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 · 2026-05-08 vs the prior 10-Q · 2025-11-07
| Section | Outcome | Added | Removed | Minor | Unchanged |
|---|---|---|---|---|---|
| MD&A | Text added/removed | +10 | −15 | ~33 | 78 |
| Market risk (Item 3) | Text added/removed | +9 | −14 | ~33 | 78 |
| Controls & procedures | Text added/removed | +9 | −14 | ~33 | 78 |
| Legal proceedings | Text added/removed | +9 | −14 | ~33 | 78 |
| Risk factors | Text added/removed | +9 | −14 | ~33 | 78 |
| Other information | Text added/removed | +9 | −13 | ~33 | 78 |
Counts are paragraphs; added/removed means text added or removed vs the prior filing — no direction or judgement implied.
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 · 2026-05-08
Management's Discussion and Analysis of Financial Condition and Results of Operations
FASB ASU 2025-08, Financial Instruments – Credit Losses (Topic 326): Purchased Loans, was issued November 12, 2025. The ASU clarifies the application of the current expected credit loss model (“CECL”) to purchased loans, including purchased credit-deteriorated loans, and enhances related disclosure …
During 2025, $1,559 thousand was charged off on an individually evaluated commercial loan originated in 2021.
There were no construction loans outstanding at March 31, 2026 and December 31, 2025. There were no gross chargeoffs on construction loans during the three months ended March 31, 2026 and the year ended December 31, 2025.
A bank applying for membership in the Federal Reserve System is required to subscribe to stock in the Federal Reserve Bank (FRB) in its district in a sum equal to six percent of the bank’s paid-up capital stock and surplus. One-half of the amount of the bank's subscription shall be paid to the FRB a…
Text removed vs the prior filing · source: 10-Q · 2025-11-07
Item 3 Quantitative and Qualitative Disclosures about Market Risk
Item 2 Unregistered Sales of Equity Securities and Use of Proceeds
Debt securities held to maturity, net of allowance for credit losses of
FASB ASU 2023-07, Segment Reporting (Topic 280): Improvements to Reportable Segment Disclosures, was issued November 27, 2023. The ASU requires disclosure of certain significant segment expenses and other items, the title and position of the chief operating decision maker and information about how t…
FASB ASU 2023-09, Income Taxes (Topic 740): Improvements to Income Tax Disclosures, was issued December 14, 2023. The ASU enhances the transparency and decision usefulness of income tax disclosures, primarily related to the rate reconciliation and income taxes paid information. The ASU primarily req…
Market risk (Item 3)
Text added vs the prior filing · source: 10-Q · 2026-05-08
FASB ASU 2025-08, Financial Instruments – Credit Losses (Topic 326): Purchased Loans, was issued November 12, 2025. The ASU clarifies the application of the current expected credit loss model (“CECL”) to purchased loans, including purchased credit-deteriorated loans, and enhances related disclosure …
During 2025, $1,559 thousand was charged off on an individually evaluated commercial loan originated in 2021.
There were no construction loans outstanding at March 31, 2026 and December 31, 2025. There were no gross chargeoffs on construction loans during the three months ended March 31, 2026 and the year ended December 31, 2025.
A bank applying for membership in the Federal Reserve System is required to subscribe to stock in the Federal Reserve Bank (FRB) in its district in a sum equal to six percent of the bank’s paid-up capital stock and surplus. One-half of the amount of the bank's subscription shall be paid to the FRB a…
At March 31, 2026, the Company had marketable equity securities held for trading at fair value of $219 thousand. The Company recognized unrealized losses of $247 thousand in net income during the three months ended March 31, 2026. There were no purchases or sales of securities held for trading durin…
Text removed vs the prior filing · source: 10-Q · 2025-11-07
Item 2 Unregistered Sales of Equity Securities and Use of Proceeds
Debt securities held to maturity, net of allowance for credit losses of
FASB ASU 2023-07, Segment Reporting (Topic 280): Improvements to Reportable Segment Disclosures, was issued November 27, 2023. The ASU requires disclosure of certain significant segment expenses and other items, the title and position of the chief operating decision maker and information about how t…
FASB ASU 2023-09, Income Taxes (Topic 740): Improvements to Income Tax Disclosures, was issued December 14, 2023. The ASU enhances the transparency and decision usefulness of income tax disclosures, primarily related to the rate reconciliation and income taxes paid information. The ASU primarily req…
The allowance for credit losses for commercial real estate loans decreased in the nine months ended September 30, 2025 primarily due to lower commercial real loan balances resulting in a decrease in estimated credit losses over the remaining life of such loans. The allowance for credit losses for co…
Controls & procedures
Text added vs the prior filing · source: 10-Q · 2026-05-08
FASB ASU 2025-08, Financial Instruments – Credit Losses (Topic 326): Purchased Loans, was issued November 12, 2025. The ASU clarifies the application of the current expected credit loss model (“CECL”) to purchased loans, including purchased credit-deteriorated loans, and enhances related disclosure …
During 2025, $1,559 thousand was charged off on an individually evaluated commercial loan originated in 2021.
There were no construction loans outstanding at March 31, 2026 and December 31, 2025. There were no gross chargeoffs on construction loans during the three months ended March 31, 2026 and the year ended December 31, 2025.
A bank applying for membership in the Federal Reserve System is required to subscribe to stock in the Federal Reserve Bank (FRB) in its district in a sum equal to six percent of the bank’s paid-up capital stock and surplus. One-half of the amount of the bank's subscription shall be paid to the FRB a…
At March 31, 2026, the Company had marketable equity securities held for trading at fair value of $219 thousand. The Company recognized unrealized losses of $247 thousand in net income during the three months ended March 31, 2026. There were no purchases or sales of securities held for trading durin…
Text removed vs the prior filing · source: 10-Q · 2025-11-07
Item 2 Unregistered Sales of Equity Securities and Use of Proceeds
Debt securities held to maturity, net of allowance for credit losses of
FASB ASU 2023-07, Segment Reporting (Topic 280): Improvements to Reportable Segment Disclosures, was issued November 27, 2023. The ASU requires disclosure of certain significant segment expenses and other items, the title and position of the chief operating decision maker and information about how t…
FASB ASU 2023-09, Income Taxes (Topic 740): Improvements to Income Tax Disclosures, was issued December 14, 2023. The ASU enhances the transparency and decision usefulness of income tax disclosures, primarily related to the rate reconciliation and income taxes paid information. The ASU primarily req…
The allowance for credit losses for commercial real estate loans decreased in the nine months ended September 30, 2025 primarily due to lower commercial real loan balances resulting in a decrease in estimated credit losses over the remaining life of such loans. The allowance for credit losses for co…
Legal proceedings
Text added vs the prior filing · source: 10-Q · 2026-05-08
FASB ASU 2025-08, Financial Instruments – Credit Losses (Topic 326): Purchased Loans, was issued November 12, 2025. The ASU clarifies the application of the current expected credit loss model (“CECL”) to purchased loans, including purchased credit-deteriorated loans, and enhances related disclosure …
During 2025, $1,559 thousand was charged off on an individually evaluated commercial loan originated in 2021.
There were no construction loans outstanding at March 31, 2026 and December 31, 2025. There were no gross chargeoffs on construction loans during the three months ended March 31, 2026 and the year ended December 31, 2025.
A bank applying for membership in the Federal Reserve System is required to subscribe to stock in the Federal Reserve Bank (FRB) in its district in a sum equal to six percent of the bank’s paid-up capital stock and surplus. One-half of the amount of the bank's subscription shall be paid to the FRB a…
At March 31, 2026, the Company had marketable equity securities held for trading at fair value of $219 thousand. The Company recognized unrealized losses of $247 thousand in net income during the three months ended March 31, 2026. There were no purchases or sales of securities held for trading durin…
Text removed vs the prior filing · source: 10-Q · 2025-11-07
Item 2 Unregistered Sales of Equity Securities and Use of Proceeds
Debt securities held to maturity, net of allowance for credit losses of
FASB ASU 2023-07, Segment Reporting (Topic 280): Improvements to Reportable Segment Disclosures, was issued November 27, 2023. The ASU requires disclosure of certain significant segment expenses and other items, the title and position of the chief operating decision maker and information about how t…
FASB ASU 2023-09, Income Taxes (Topic 740): Improvements to Income Tax Disclosures, was issued December 14, 2023. The ASU enhances the transparency and decision usefulness of income tax disclosures, primarily related to the rate reconciliation and income taxes paid information. The ASU primarily req…
The allowance for credit losses for commercial real estate loans decreased in the nine months ended September 30, 2025 primarily due to lower commercial real loan balances resulting in a decrease in estimated credit losses over the remaining life of such loans. The allowance for credit losses for co…
Risk factors
Text added vs the prior filing · source: 10-Q · 2026-05-08
FASB ASU 2025-08, Financial Instruments – Credit Losses (Topic 326): Purchased Loans, was issued November 12, 2025. The ASU clarifies the application of the current expected credit loss model (“CECL”) to purchased loans, including purchased credit-deteriorated loans, and enhances related disclosure …
During 2025, $1,559 thousand was charged off on an individually evaluated commercial loan originated in 2021.
There were no construction loans outstanding at March 31, 2026 and December 31, 2025. There were no gross chargeoffs on construction loans during the three months ended March 31, 2026 and the year ended December 31, 2025.
A bank applying for membership in the Federal Reserve System is required to subscribe to stock in the Federal Reserve Bank (FRB) in its district in a sum equal to six percent of the bank’s paid-up capital stock and surplus. One-half of the amount of the bank's subscription shall be paid to the FRB a…
At March 31, 2026, the Company had marketable equity securities held for trading at fair value of $219 thousand. The Company recognized unrealized losses of $247 thousand in net income during the three months ended March 31, 2026. There were no purchases or sales of securities held for trading durin…
Text removed vs the prior filing · source: 10-Q · 2025-11-07
Item 2 Unregistered Sales of Equity Securities and Use of Proceeds
Debt securities held to maturity, net of allowance for credit losses of
FASB ASU 2023-07, Segment Reporting (Topic 280): Improvements to Reportable Segment Disclosures, was issued November 27, 2023. The ASU requires disclosure of certain significant segment expenses and other items, the title and position of the chief operating decision maker and information about how t…
FASB ASU 2023-09, Income Taxes (Topic 740): Improvements to Income Tax Disclosures, was issued December 14, 2023. The ASU enhances the transparency and decision usefulness of income tax disclosures, primarily related to the rate reconciliation and income taxes paid information. The ASU primarily req…
The allowance for credit losses for commercial real estate loans decreased in the nine months ended September 30, 2025 primarily due to lower commercial real loan balances resulting in a decrease in estimated credit losses over the remaining life of such loans. The allowance for credit losses for co…
Other information
Text added vs the prior filing · source: 10-Q · 2026-05-08
FASB ASU 2025-08, Financial Instruments – Credit Losses (Topic 326): Purchased Loans, was issued November 12, 2025. The ASU clarifies the application of the current expected credit loss model (“CECL”) to purchased loans, including purchased credit-deteriorated loans, and enhances related disclosure …
During 2025, $1,559 thousand was charged off on an individually evaluated commercial loan originated in 2021.
There were no construction loans outstanding at March 31, 2026 and December 31, 2025. There were no gross chargeoffs on construction loans during the three months ended March 31, 2026 and the year ended December 31, 2025.
A bank applying for membership in the Federal Reserve System is required to subscribe to stock in the Federal Reserve Bank (FRB) in its district in a sum equal to six percent of the bank’s paid-up capital stock and surplus. One-half of the amount of the bank's subscription shall be paid to the FRB a…
At March 31, 2026, the Company had marketable equity securities held for trading at fair value of $219 thousand. The Company recognized unrealized losses of $247 thousand in net income during the three months ended March 31, 2026. There were no purchases or sales of securities held for trading durin…
Text removed vs the prior filing · source: 10-Q · 2025-11-07
Debt securities held to maturity, net of allowance for credit losses of
FASB ASU 2023-07, Segment Reporting (Topic 280): Improvements to Reportable Segment Disclosures, was issued November 27, 2023. The ASU requires disclosure of certain significant segment expenses and other items, the title and position of the chief operating decision maker and information about how t…
FASB ASU 2023-09, Income Taxes (Topic 740): Improvements to Income Tax Disclosures, was issued December 14, 2023. The ASU enhances the transparency and decision usefulness of income tax disclosures, primarily related to the rate reconciliation and income taxes paid information. The ASU primarily req…
The allowance for credit losses for commercial real estate loans decreased in the nine months ended September 30, 2025 primarily due to lower commercial real loan balances resulting in a decrease in estimated credit losses over the remaining life of such loans. The allowance for credit losses for co…
The Company has recorded goodwill and other identifiable intangibles associated with purchase business combinations. Goodwill is not amortized, but is evaluated for impairment at least annually. The Company did not recognize impairment during the three and nine months ended September 30, 2025 and th…
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