WSBK — what changed in the latest 10-Q
A section-by-section comparison of WSBK'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 · 2026-05-13 vs the prior 10-Q · 2026-02-11
| Section | Outcome | Added | Removed | Minor | Unchanged |
|---|---|---|---|---|---|
| MD&A | Text added/removed | +16 | −15 | ~31 | 86 |
| Controls & procedures | No paragraph-level changes | 0 | 0 | 0 | 2 |
| Legal proceedings | 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, 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 · 2026-05-13
Cash and Cash Equivalents. Cash and cash equivalents decreased $1.3 million, or 2.3%, to $54.0 million at March 31, 2026 from $55.2 million at June 30, 2025.
Investment Securities. Investment securities, comprised of both available for sale and held to maturity securities, aggregated $124.0 million at March 31, 2026 compared to $104.5 million at June 30, 2025, as we continued to invest stock offering proceeds into government agency and mortgage backed se…
Gross Loans. Loans increased $89.4 million, or 11.9%, to $843.5 million at March 31, 2026 compared to $754.1 million at June 30, 2025. The main driver of the new growth was in multi-family and residential real estate loans, which increased $49.6 million and $31.7 million, respectively. The commercia…
Deposits. Deposits increased $104.5 million, or 15.4%, to $783.7 million at March 31, 2026 from $679.2 million at June 30, 2025. Money market accounts drove the increase, rising $108.7 million, or 90.1%, to $229.3 million at March 31, 2026 from $120.6 million at June 30, 2025, primarily due to growt…
Borrowings. Borrowings, which consisted solely of Federal Home Loan Bank of Boston advances, decreased $117,000, or 0.1%, to $146.9 million at March 31, 2026, compared to $147.0 million at June 30, 2025, as the inflows from the increase in deposits were used to restructure wholesale funding.
Text removed vs the prior filing · source: 10-Q · 2026-02-11
Investment Securities. Investment securities, comprised of both available for sale and held to maturity securities, aggregated $122.7 million at December 31, 2025 compared to $104.5 million at June 30, 2025, as we continued to invest stock offering proceeds into government agency and mortgage backed…
Gross Loans. Loans increased $49.0 million, or 6.5%, to $803.1 million at December 31, 2025 compared to $754.1 million at June 30, 2025. The main driver of the new growth was in multi-family and residential real estate loans, which increased $24.4 million and $10.8 million, respectively. The constru…
Deposits. Deposits increased $67.1 million, or 9.9%, to $746.3 million at December 31, 2025 from $679.2 million at June 30, 2025. The increase was due primarily to an increase in money market accounts, which increased $77.0 million, or 63.5%, to $197.1 million at December 31, 2025 from $120.1 millio…
Borrowings. Borrowings, which consisted solely of Federal Home Loan Bank of Boston advances, decreased $3.4 million, or 2.3%, to $143.6 million at December 31, 2025, compared to $147.0 million at June 30, 2025, as the inflows from the increase in deposits were used to pay off some borrowings.
Total Stockholders’ Equity. Total stockholders’ equity increased $2.9 million, and was $118.2 million at December 31, 2025 and $115.4 million at June 30, 2025. Total stockholders’ equity increased due to a $758,000 decrease in accumulated other comprehensive loss to $928,000 at December 31, 2025, an…
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