SLBK — what changed in the latest 10-Q
A section-by-section comparison of SLBK'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 · 2026-08-14 vs the prior 10-Q · 2026-05-15
| Section | Outcome | Added | Removed | Minor | Unchanged |
|---|---|---|---|---|---|
| MD&A | Text added/removed | +24 | −22 | ~13 | 17 |
| Controls & procedures | No paragraph-level changes | 0 | 0 | 0 | 2 |
| Legal proceedings | No paragraph-level changes | 0 | 0 | 0 | 1 |
| Risk factors | No material changes reported (points to the 10-K) | — | — | — | — |
| Other information | 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)
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 · 2026-08-14
For the six months ended June 30, 2026, net income was $9.6 million, or $1.71 per share, compared to net income of $7.4 million, or $1.32 per share, for the six months ended June 30, 2025.
Second quarter 2026 earnings represented an annualized return on average assets (“ROAA”) of 1.50% and an annualized return on average equity (“ROAE”) of 17.70%, compared to 1.21% and 16.01%, respectively, for the same period last year.
Net interest margin was 4.62% for the second quarter of 2026, compared to 4.55% in the first quarter of 2026, and 4.27% in the second quarter of 2025.
Net loans were $1.10 billion at June 30, 2026, an increase of $49.6 million, or 4.72%, when compared to $1.05 billion at December 31, 2025. Loan growth during the first six months of 2026 was at an annualized rate of 9.54%.
Net interest income after provision for credit losses in the second quarter of 2026 was $13.9 million, compared to $12.2 million in the second quarter of 2025. Total interest income was $17.5 million in the second quarter of 2026, representing an increase of $1.3 million in comparison to the $16.3 m…
Text removed vs the prior filing · source: 10-Q · 2026-05-15
Net interest margin (“NIM”) was 4.55% for the first quarter of 2026, compared to 4.39% in the fourth quarter of 2025, and 4.15% in the first quarter of 2025.
Total assets increased in the first quarter of 2026 by $16.6 million, or 1.29%.
Net loans were $1.08 billion at March 31, 2026, an increase of $27.8 million, or 2.65%, when compared to $1.05 billion at December 31, 2025. Core loan growth during the first quarter was at an annualized rate of 10.83%.
First quarter 2026 earnings represented an annualized return on average assets (“ROAA”) of 1.43% and an annualized return on average equity (“ROAE”) of 16.84%, compared to 1.17% and 15.85%, respectively, for the same period last year.
Dividends paid of $0.30 per share during the first quarter of 2026 compared to dividends paid of $0.25 per share during the first quarter of 2025. This is an increase of $0.05 per share, or 20.00%.
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