BCOW — what changed in the latest 10-Q
A section-by-section comparison of BCOW'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 · 2024-11-08 vs the prior 10-Q · 2024-08-08
| Section | Outcome | Added | Removed | Minor | Unchanged |
|---|---|---|---|---|---|
| MD&A | Text added/removed | +21 | −24 | ~22 | 48 |
| Controls & procedures | Text added/removed | 0 | 0 | ~2 | 0 |
| Legal proceedings | Text added/removed | 0 | 0 | ~1 | 0 |
| Risk factors | No paragraph-level changes | 0 | 0 | 0 | 1 |
| Other information | 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)
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 · 2024-11-08
Loans. Loans held for investment, net of deferred costs, increased $3.0 million, or 0.8%, to $401.6 million at September 30, 2024, from $398.6 million at December 31, 2023. This increase was primarily the result of a $2.4 million increase in commercial loans and a $2.0 million increase in commercial…
Allowance for Credit Losses. The allowance for credit losses for loans was $4.0 million, or 0.99%, of loans, net of deferred costs, at September 30, 2024 compared to an allowance for credit losses for loans of $3.7 million, or 0.94% of loans, net of deferred costs, at December 31, 2023. During the f…
FHLB Stock. FHLB stock increased $400,000, or 9.5%, from $4.2 million at December 31, 2023 to $4.6 million at September 30, 2024. This increase was primarily due to the requirement by the FHLB to hold additional stock as a result of the increased level of advances.
Deposits. Deposits decreased $8.4 million, or 2.1%, to $395.3 million at September 30, 2024, from $403.7 million at December 31, 2023. During this period, noninterest bearing checking accounts decreased $7.1 million, or 9.0%, interest bearing checking accounts decreased $1.8 million, or 6.2%, money …
Advance Payments by Borrowers for Taxes and Insurance. Advance payments by borrowers for taxes and insurance increased $8.6 million to $9.8 million at September 30, 2024 from $1.2 million at December 31, 2023. The increase was due to normal seasonal activity.
Text removed vs the prior filing · source: 10-Q · 2024-08-08
Loans Held for Sale. Loans held for sale increased $882,000, to $1.6 million at June 30, 2024, as a result of an increase in the volume of loans originated and sold during the quarter. Mortgage loan originations and sales were $9.5 million and $8.8 million, respectively, during the first six months …
Loans. Loans held for investment, net of deferred costs, increased $4.1 million, or 1.0%, to $402.7 million at June 30, 2024, from $398.6 million at December 31, 2023. This increase was primarily the result of a $5.8 million increase in commercial real estate loans, partially offset by a $1.8 millio…
Allowance for Credit Losses. The allowance for credit losses for loans was $3.9 million, or 0.96%, of loans, net of deferred costs, at June 30, 2024 compared to an allowance for credit losses for loans of $3.7 million, or 0.94% of loans, net of deferred costs, at December 31, 2023. During the first …
Other Assets. Other assets increased $661,000, or 7.3%, to $9.6 million at June 30, 2024, from $9.0 million at December 31, 2023. This increase was primarily due to a $275,000 increase in prepaid insurance premiums and a $367,000 increase in net deferred tax assets.
FHLB Stock. FHLB stock increased $400,000, or 9.5%, from $4.2 million at December 31, 2023 to $4.6 million at June 30, 2024. This increase was primarily due to the requirement by the FHLB to hold additional stock as a result of the increased level of advances.
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