v3.25.1
Basis of presentation (Policies)
 3 Months Ended
Mar. 31, 2025
Basis of presentation [Abstract]  
Basis of presentation
 
Basis of Presentation
The (unaudited) interim Consolidated
 
Financial Statements are, in the
 
opinion of management, a fair
 
statement of the results for
 
the
periods reported.
 
The consolidated
 
statement of
 
financial condition
 
presented as
 
of December
 
31, 2024
 
was derived
 
from audited
Consolidated Financial Statements of the Corporation for the year ended December 31, 2024.
Certain
 
information
 
and
 
notes
 
to
 
the
 
financial
 
statements
 
disclosures
 
which
 
would
 
normally
 
be
 
included
 
in
 
financial
 
statements
prepared
 
in
 
accordance
 
with
 
Accounting
 
Principles
 
Generally
 
Accepted
 
in
 
the
 
United
 
States
 
of
 
America
 
(US
 
GAAP),
 
have
 
been
condensed or omitted from
 
the unaudited financial statements
 
pursuant to the rules
 
and regulations of the
 
Securities and Exchange
Commission.
 
Accordingly,
 
these
 
financial
 
statements
 
should
 
be
 
read
 
in
 
conjunction
 
with
 
the
 
audited
 
Consolidated
 
Financial
Statements of
 
the Corporation
 
for the
 
year ended
 
December 31,
 
2024, included
 
in the
 
2024 Form
 
10-K. Operating
 
results for
 
the
interim periods disclosed herein are not necessarily indicative of the results that may be expected for a full year or any future period.
Use of estimates in the preparation of financial statements
 
Use of Estimates in the Preparation of Financial Statements
The preparation of
 
financial statements in
 
conformity with accounting
 
principles generally accepted
 
in the United
 
States of America
requires management
 
to make
 
estimates and
 
assumptions that
 
affect the
 
reported amounts
 
of assets
 
and liabilities
 
and contingent
assets
 
and
 
liabilities
 
at
 
the
 
date
 
of
 
the
 
financial
 
statements,
 
and
 
the
 
reported
 
amounts
 
of
 
revenues
 
and
 
expenses
 
during
 
the
reporting period. Actual results could differ from those estimates.