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What changed in SRCE's 10-Q
Source: 10-Q filed 2026-07-23 · compared against 10-Q 2026-04-23. Every passage below is quoted verbatim from the filing itself.
Credit Loss Provision verified
Prior filing
Provision for credit losses — loans and leases 7,010
This filing
Provision for credit losses — loans and leases 1,978
Allowance Rationale verified
Prior filing
The increase in the allowance for credit losses as compared to the prior quarter primarily reflects modest deterioration in the forward-looking economic assumptions
This filing
The increase in the allowance for credit losses as compared to the prior quarter primarily reflects higher loan balances during the period.
Allowance Rationale verified
Prior filing
Historical loss rates increased in the auto and light truck portfolio and, to a lesser extent, the construction equipment portfolio, due to net charge-off activity during the period.
This filing
Historical loss rates decreased slightly, as charge-off activity during the period was modest.
Economic Outlook verified
Prior filing
Labor market conditions remain soft with job growth lacking breadth for multiple quarters.
This filing
The breadth of hiring across industry segments improved slightly during the quarter but overall labor conditions remain soft.
Economic Outlook
This filing
The Bank remains cognizant of geopolitical and energy market risks despite the recent retreat in crude oil prices.
Unfunded Commitments verified
Prior filing
Provision for credit losses — unfunded loan commitments 262
This filing
(Recovery of) provision for credit losses — unfunded loan commitments (439)
What it means — the analyst reading
The passages above are the company's own words. The plain-English reading of them — what changed, why it matters, and the direction of travel — is part of the Filing Change Monitor.
See the Filing Change Monitor →Compared from narrative excerpts (outlook, risks, MD&A) of both filings. Every quotation shown was checked character-for-character against the filing it is attributed to. Not advice. Source: company SEC filings via stockportfolio.pro. Educational, not investment advice.