-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, Ns85ZBnGsJptJVgvHRaQuVlmxMrYLsGEiJS52L4aPDzviEGDjfWZAp5AEfUOnkXe BuQRertj9RJjnBguxjm/lQ== 0000929624-96-000255.txt : 19961115 0000929624-96-000255.hdr.sgml : 19961115 ACCESSION NUMBER: 0000929624-96-000255 CONFORMED SUBMISSION TYPE: 10-Q PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 19960930 FILED AS OF DATE: 19961113 SROS: NONE FILER: COMPANY DATA: COMPANY CONFORMED NAME: FIRST FINANCIAL BANCORP /CA/ CENTRAL INDEX KEY: 0000729502 STANDARD INDUSTRIAL CLASSIFICATION: STATE COMMERCIAL BANKS [6022] IRS NUMBER: 942822858 STATE OF INCORPORATION: CA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 10-Q SEC ACT: 1934 Act SEC FILE NUMBER: 000-12499 FILM NUMBER: 96660287 BUSINESS ADDRESS: STREET 1: 701 S HAM LN CITY: LODI STATE: CA ZIP: 95242 BUSINESS PHONE: 2093672000 MAIL ADDRESS: STREET 1: 701 S HAM LANE CITY: LODI STATE: CA ZIP: 95242 10-Q 1 FORM 10-Q ================================================================================ UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q (MARK ONE) [ X ] QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE PERIOD ENDED SEPTEMBER 30, 1996 OR [ ] TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934. FOR THE TRANSITION PERIOD FROM TO COMMISSION FILE NUMBER : 0-12499 FIRST FINANCIAL BANCORP (EXACT NAME OF REGISTRANT AS SPECIFIED IN ITS CHARTER) CALIFORNIA 94-28222858 (STATE OR OTHER JURISDICTION OF (I.R.S. EMPLOYER INCORPORATION OR ORGANIZATION) IDENTIFICATION NO.) 701 SOUTH HAM LANE , LODI, CALIFORNIA 95242 (ADDRESS OF PRINCIPAL EXECUTIVE OFFICES) (ZIP CODE) (209)-367-2000 (REGISTRANT'S TELEPHONE NUMBER, INCLUDING AREA CODE) NA (FORMER NAME, FORMER ADDRESS AND FORMER FISCAL YEAR, IF CHANGED SINCE LAST REPORT.) Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. [ X ] Yes [ ] No As of September 30, 1996, there were 1,307,400 shares of Common Stock, no par value, outstanding. ================================================================================ FIRST FINANCIAL BANCORP FORM 10-Q FOR THE QUARTER ENDED SEPTEMBER 30, 1996 TABLE OF CONTENTS
PAGE ---- PART I Item 1. Financial Statements........................................ 1 Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations......................... 4 PART II Item 1. Legal Proceedings........................................... 7 Item 2. Changes in Securities....................................... 7 Item 3. Defaults Upon Senior Securities............................. 7 Item 4. Submission of Matters to a Vote of Security Holders......... 7 Item 5. Other Information........................................... 7 Item 6. Exhibits and Reports on Form 8-K............................ 7
i ITEM 1. FINANCIAL STATEMENTS FIRST FINANCIAL BANCORP AND SUBSIDIARY CONSOLIDATED BALANCE SHEETS (IN THOUSANDS EXCEPT SHARE AMOUNTS)
SEP. 30 DEC. 31 ASSETS 1996 1995 -------- -------- Cash and due from banks $ 5,103 $ 4,488 Federal funds sold 4,100 3,300 Investment Securities: Held-to-maturity securities at amortized cost, market value of $1,888 and $2,170 at Sep. 30, 1996 and Dec. 31, 1995 1,790 2,036 Available-for-sale securities, at fair value 30,867 34,909 -------- -------- Total investments 32,657 36,945 Loans 55,895 51,483 Less: allowance for loan losses 1,244 959 -------- -------- Net loans 54,651 50,524 Bank premises and equipment, net 6,883 6,449 Accrued interest receivable 1,241 1,139 Other assets 1,540 1,127 -------- -------- Total Assets $106,175 $103,972 ======== ======== LIABILITIES AND STOCKHOLDERS' EQUITY - ------------------------------------ Liabilities: Deposits Noninterest bearing $ 10,233 $ 7,863 Interest bearing 81,091 81,353 -------- -------- Total deposits 91,324 89,216 Accrued interest payable 338 408 Other liabilities 391 199 Note payable 2,559 2,585 -------- -------- Total liabilities 94,612 92,408 -------- -------- Stockholders' equity: Common stock - no par value; authorized 9,000,000 shares, issued and outstanding in 1996 and 1995, 1,307,400 and, 1,306,296 shares 7,314 7,314 Retained earnings 4,279 4,059 Net unrealized holding (loss) gain on available-for-sale securities (30) 191 -------- -------- Total stockholders' equity 11,563 11,564 -------- -------- TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $106,175 $103,972 ======== ========
1 FIRST FINANCIAL BANCORP AND SUBSIDIARY CONSOLIDATED STATEMENTS OF INCOME (IN THOUSANDS EXCEPT PER SHARE AMOUNTS)
THREE MONTHS ENDED SEP. 30 NINE MONTHS ENDED SEP. 30 1996 1995 1996 1995 ---- ---- ---- ---- (DOLLAR AMOUNTS IN THOUSANDS, (DOLLAR AMOUNTS IN THOUSANDS, EXCEPT PER SHARE AMOUNTS) EXCEPT PER SHARE AMOUNTS) INTEREST INCOME: Loans, including fees $1,463 $1,560 $4,194 $4,653 Investment securities: Taxable 455 343 1,357 1,006 Exempt from Federal taxes 75 85 244 268 Federal funds sold 49 48 155 123 ------ ------ ------ ------ Total interest income 2,042 2,036 5,950 6,050 INTEREST EXPENSE: Deposit accounts 738 745 2,244 2,102 Other 69 69 207 209 ------ ------ ------ ------ Total interest expense 807 814 2,451 2,311 ------ ------ ------ ------ Net interest income 1,235 1,222 3,499 3,739 Provision for loan losses 115 51 300 86 ------ ------ ------ ------ Net interest income after provision for loan losses 1,120 1,171 3,199 3,653 NONINTEREST INCOME: Service charges 171 122 433 383 Premiums and fees from SBA and mortgage operations 125 142 339 312 Miscellaneous 20 7 43 28 ------ ------ ------ ------ Total noninterest income 316 271 815 723 NONINTEREST EXPENSE: Salaries and employee benefits 544 579 1,642 1,661 Occupancy 131 114 379 313 Equipment 93 91 247 284 Other 488 316 1,168 1,071 ------ ------ ------ ------ Total noninterest expense 1,256 1,100 3,436 3,329 ------ ------ ------ ------ Income before provision for income taxes 180 342 578 1,047 Provision for income taxes 54 131 162 348 ------ ------ ------ ------ Net Income $ 126 $ 211 $ 416 $ 699 ====== ====== ====== ====== EARNINGS PER SHARE: Primary $ 0.09 $ 0.17 $ 0.31 $ 0.54 ====== ====== ====== ====== Fully Diluted $ 0.09 $ 0.17 $ 0.30 $ 0.54 ====== ====== ====== ======
2 FIRST FINANCIAL BANCORP AND SUBSIDIARY CONSOLIDATED STATEMENTS OF CASH FLOWS (IN THOUSANDS) NINE MONTHS ENDED SEPTEMBER 30
1996 1995 -------- -------- CASH FLOWS FROM OPERATING ACTIVITIES: Net income $ 416 $ 699 Adjustments to reconcile net income to net cash provided by operating activities: Decrease in loans held for sale 240 229 Increase in deferred loan income 58 17 Provision for other real estate owned losses 33 ---- Depreciation and amortization 326 321 Provision for loan losses 300 86 Provision for deferred taxes (20) 477 Increase in accrued interest receivable (102) (98) (Decrease) increase in accrued interest payable (70) 67 Increase (Decrease) in other liabilities 192 (453) Increase in other assets (160) (338) -------- -------- Net cash provided by operating activities 1,213 977 CASH FLOWS FROM INVESTING ACTIVITIES: Proceeds from maturity of held-to-maturity securities 250 ---- Proceeds from maturity of available-for-sale securities 17,634 17,639 Purchases of available-for-sale securities (13,970) (18,461) (Increase) decrease in loans made to customers (4,966) 1,947 Proceeds from the sale of other real estate 132 ---- Purchases of bank premises and equipment (764) (114) -------- -------- Net cash (used in) provided by investing activities (1,684) 1,011 CASH FLOWS FROM FINANCING ACTIVITIES: Net Increase (decrease) in deposits 2,108 (3,388) Payments on note payable (26) (23) Dividends Paid (196) (131) Proceeds from issuance of common stock --- 4 -------- -------- Net cash provided by (used in) financing activities 1,886 (3,538) -------- -------- Net Increase (decrease) in cash and cash equivalents 1,415 (1,550) Cash and cash equivalents at beginning of period 7,788 7,199 -------- -------- Cash and cash equivalents at end of period $ 9,203 $ 5,649 ======== ========
3 ITEM 2. MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATION CHANGES IN FINANCIAL CONDITION Consolidated total assets at September 30, 1996 were $2.2 million above the comparable level at December 31, 1995 due to growth in deposits. The loan portfolio grew by $4.4 million, or 9%, from December 31, 1995 to September 30, 1996. The portfolio growth reflects both improvements in the local economy and the result of focused and disciplined business development efforts. The growth in the loan portfolio was funded by net maturities in the investment portfolio which declined by $4.3 million, or 12%. Bank premises and equipment increased by $434 thousand, or 7%, reflecting the investment in a new information system to which Bank of Lodi converted in mid-June, 1996. Total deposits were $91.3 million at September 30, 1996 compared to $89.2 million at December 31, 1995. Noninterest bearing deposits increased by $2.4 million, or 30%, while interest bearing deposits were virtually unchanged. Total deposits increased by $4.7 million, or 5%, over the comparable total at June 30, 1995. Focused business development efforts coupled with the fallout from recent merger activity among large banks with offices in the local area have generated increases in new consumer and business deposit account relationships. The allowance for loan losses at September 30, 1996 is in excess of the December 31, 1995 balance by $285 thousand, or 30%. The increased reserve can be attributed to both the increased loan volume since December 31, 1995 as well as loan loss provisions charged against income to provide for specific credit exposure that has developed for certain identifiable loans. Nonaccrual loans increased by $137 thousand, or 13% from December 31, 1995 to September 30, 1996, and the allowance for loan losses nonaccrual coverage ratio increased to 1.03 times from .89 times. Total portfolio delinquency at September 30, 1996 was 2.34%, compared to 2.57% at December 31, 1995. Management believes that the allowance for loan losses at September 30, 1996 is adequate. The following tables depicts activity in the allowance for loan losses and allocation of reserves for and at the nine and twelve months ended September 30, 1996 and December 31, 1995, respectively: ANALYSIS OF THE ALLOWANCE FOR LOAN LOSSES
9/30/96 12/31/95 --------- ---------- Balance at beginning of period 959 1,127 Charge-offs: Commercial 164 357 Real estate ---- 30 Consumer 54 95 -------- ---------- Total charge-offs 218 482 Recoveries: Commercial 195 174 Real estate ---- ---- Consumer 8 25 -------- ---------- Total recoveries 203 199 -------- ---------- Net charge-offs 15 283 Additions charged to operations 300 115 -------- ---------- Balance at end of period 1,244 959 ======== ========== Ratio of net charge-offs to average loans outstanding .03% 0.51% ======== ========== ALLOCATION OF THE ALLOWANCE FOR LOAN LOSSES 9/30/96 9/30/96 12/31/95 12/31/95 LOAN CATEGORY AMOUNT % OF LOANS AMOUNT % OF LOANS ------------- -------- -------- -------- -------- Commercial 522 58.92% 295 84.29% Real Estate 51 33.93% 38 10.86% Consumer 34 7.15% 17 4.85% Unallocated 637 N/A 608 N/A -------- -------- -------- -------- 1,244 100.00% 959 100.00% ======== ======== ======== ========
4 Consolidated equity was virtually unchanged from December 31, 1995 to September 30, 1996 as increases from earnings were offset by dividends and a change from a net unrealized gain on investment securities to a net unrealized loss on investment securities that was driven by rising interest rates. Consolidated equity represented 10.89% of consolidated assets at September 30, 1996 compared to 11.12% at December 31, 1995. The increase in equity from earnings of $416 thousand for the nine months ended September 30, 1996 was more than offset by dividend payments of $196 thousand and a reduction to equity of $221 thousand to reflect the after-tax market value decline of the available-for-sale portion of the investment portfolio. The decline in investment portfolio market value reflects the impact of rising market interest rates during the nine months ended September 30, 1996. The risk capital position of the Company's subsidiary, Bank of Lodi, NA, declined slightly as a result of increased lending volume. The total risk-based capital ratio was 14.67% at June 30, 1996 compared to 15.1% at December 31, 1995. The Bank's leverage capital ratio was 9.27% at September, 1996 versus 9.0% at December 31, 1995. CHANGES IN RESULTS OF OPERATION - THREE MONTHS ENDED SEPTEMBER 30, 1996 Net income for the three months ended September 30, 1996 was $126 thousand, or $.09 per share, and represented a decline of 40% relative to the three months ended September 30, 1995. Annualized return on average assets and equity were .48% and 4.4%, respectively, compared to .88% and 7.8%, respectively, for the comparable prior year quarter. Improvements in net interest income and noninterest income were offset by increased noninterest expenses and an increase in the provision for loan losses. Based upon the earnings for the three months ended September 30, 1996, the board of directors of First Financial Bancorp declared a cash dividend of $.05 per share, payable November 29, 1996 to shareholders of record November 15, 1996. Net interest income increased by $13 thousand, or 1%, relative to the comparable prior year quarter. The $13 thousand difference represents the net impact of significant changes in the volume and mix of earning assets and deposits as well as the general level of interest rates. Average earning assets and deposits for the three months ended September 30, 1996 increased by $4.2 million, or 4.8%, and $5.1 million, or 6.0%, respectively, over the prior year quarter. Excluding the impact of lower interest rates and changes in the mix of earning assets and deposits, net interest income was increased $50 thousand as a result of the higher volume of average earning assets and deposits. Loans as a percentage of earning assets declined to 61% from 65% for the comparable prior year quarter. Noninterest bearing deposits increased to 10% of total nonequity funding compared to 8% in the comparable prior year quarter The impact of these mix changes was a reduction of net interest income for the quarter of $20 thousand excluding the impact of volume and rate changes. Finally, the impact of lower interest rates relative to the prior year quarter reduced net interest income by $17 thousand. The provision for loan losses increased by $64 thousand to $115 thousand. The increase reflects additions to the allowance for loan losses as necessitated by conditions discussed above under Changes in Financial Condition. Noninterest income increased by $45 thousand, or 17%, reflecting increases in service charge income. Service charge income increased as a result of increased deposit account levels as well as slight changes in certain minimum deposit balance requirements that went into effect late in the second quarter of 1996. Although lower interest rates have stimulated mortgage demand, and a combination of focused business development efforts and an improving local economy have helped SBA originations and sales, volumes and income for the current quarter fell short of the relatively strong levels of the comparable prior year quarter. SBA and mortgage income declined by $17 thousand, or 12%. Noninterest expenses were $156 thousand, or 14% above the comparable prior year quarter. Occupancy expenses increased by $17 thousand as a result of increased vacancy levels in the Company's headquarters building in Lodi. Management is actively seeking tenants to occupy approximately 7,700 feet of vacant space. Salaries and benefits expenses declined by 6% relative to the prior year quarter due to reduced staffing levels resulting from outsourcing and other efficiencies realized from the conversion to new information systems during the second quarter of 1996. Although progress was made in reducing other general administrative expenses, certain other noninterest expenses increased during the third quarter relative to 1995. Legal and professional costs increased by $44 thousand due to costs associated with resolving nonperforming loans and consulting expenses related to strategic planning and external credit reviews. Expenses and loss provisions related to holding and disposing of other real estate owned increased by $20 thousand. Costs related to the newly outsourced check processing and statement rendering processes were $55 thousand. Prior year costs for in-house check processing and statement rendering are reflected in salaries and benefits as well as equipment expenses for 1995. 5 CHANGES IN RESULTS OF OPERATION - NINE MONTHS ENDED SEPTEMBER 30, 1996 Net income for the nine months ended September 30, 1996 was $416 thousand, or $.30 per share, and represented a decline of 40% relative to the nine months ended September 30, 1995. Annualized return on average assets and equity were .53% and 4.9%, respectively, compared to .93% and 8.4%, respectively, for the comparable prior year period. Improvements in noninterest income and noninterest expenses were offset by a decline in net interest income and an increase in the provision for loan losses. Net interest income declined by $240 thousand, or 6%, relative to the comparable prior year period. All of the decline in net interest income occured during the first two quarter of 1996. Deposit growth and loan production accelerated during the second and third quarters of 1996 and have now begun to reduced the net interest difference relative to 1995. The $240 thousand difference represents the net impact of significant changes in the volume and mix of earning assets and deposits as well as the general level of interest rates. Average earning assets and deposits for the nine months ended September 30, 1996 increased by $4.3 million, or 4.9%, and $4 million, or 4.7%, respectively, over the prior year period. Excluding the impact of lower interest rates and changes in the mix of earning assets and deposits, net interest income was increased $128 thousand as a result of the higher volume of average earning assets and deposits. Loans as a percentage of earning assets declined to 59% from 65% for the comparable prior year period. Average certificates of deposit to total deposits increased by 100 basis points to 38%. The impact of these mix changes was a reduction of net interest income for the period of $209 thousand excluding the impact of volume and rate changes. Finally, the impact of lower interest rates relative to the prior year quarter reduced net interest income by $159 thousand. The provision for loan losses increased by $214 thousand to $300 thousand. The increase principally reflects the additions to the allowance for loan losses made during the second and third quarters as necessitated by conditions discussed above under Changes in Financial Condition. Noninterest income increased by $92 thousand, or 13%, reflecting increases in service charge income as well as income from SBA and mortgage operations. Service charge income increased as a result of increased deposit account levels as well as slight changes in certain minimum deposit balance requirements that went into effect late in the second quarter of 1996. SBA and mortgage income improved by 9% . Lower interest rates stimulated mortgage demand above year-ago levels. A combination of focused business development efforts and an improving economy increased the volume of SBA originations and sales. Noninterest expenses were $107 thousand, or 3% above the prior year level. Occupancy expenses increased by $66 thousand as a result of increased vacancy levels in the Company's headquarters building in Lodi. Management is actively seeking tenants to occupy approximately 7,700 feet of vacant space. Salaries and benefits expenses declined by 1% relative to the prior year period due to reduced staffing levels that have resulted from outsourcing and other efficiencies related to the new information system that began in the second quarter of 1996. Equipment expenses declined by 13%. The decline in equipment expenses reflects a reduction in maintenance expenses for which the prior year had a significant level of charges that would not normally recur on an annual basis. In addition, the change to new information systems technology reduced equipment leasing expenses relative to the prior year. Although regulatory assessments declined and progress was made in reducing other general administrative expenses, certain other noninterest expenses increased during the third quarter relative to 1995 as outlined above in the discussion of changes in results of operation for the three months ended September 30, 1996. BASIS OF PRESENTATION First Financial Bancorp is the holding company for the Bank of Lodi, N.A.. In the opinion of management, the accompanying unaudited consolidated financial statements reflect all adjustments (consisting only of normal recurring accruals) necessary for a fair presentation of financial position as of the dates indicated and results of operations for the periods shown. All material intercompany accounts and transactions have been eliminated in consolidation. In preparing the financial statements, management is required to make estimates and assumptions that affect the reported amounts. The results for the three and nine months ended September 30, 1996 are not necessarily indicative of the results which may be expected for the year ended December 31, 1996. The unaudited consolidated financial statements presented herein should be read in conjunction with the consolidated financial statements and notes included in the 1995 Annual Report to Shareholders. 6 PART II -- OTHER INFORMATION ITEM 1. LEGAL PROCEEDINGS Not Applicable. ITEM 2. CHANGES IN SECURITIES Not Applicable. ITEM 3. DEFAULTS UPON SENIOR SECURITIES Not Applicable. ITEM 4. SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS Not applicable. ITEM 5. OTHER INFORMATION On October 15, 1996, Bank of Lodi entered into an agreement with Wells Fargo Bank for the cash purchase of three branches from Wells Fargo and the assumption of each branches deposit liabilities. The branches, located in Galt, Plymouth, and San Andreas California, have aggregate deposits of approximately $43 million. The transaction is expected to close in the latter part of the first quarter of 1997. The final purchase price will be determined at closing. At the present time, the purchase price is expected to be approximately $3.25 million. The transaction will be accounted for using the purchase method of accounting. Accordingly, the purchase price will be allocated to the fair value of identifiable tangible and intangible assets. Complete information regarding the fair value of individual assets to be acquired is not available at this time. ITEM 6. EXHIBITS AND REPORTS ON FORM 8-K (a) EXHIBITS EXHIBIT NUMBER - ------ 2 Not Applicable. 4 Registrant's current Bylaws. 10 Post Effective Amendment No. 1 to Form S8 Registration Statement (File Number 3340954). 11 Earnings per common and common share equivalents are calculated by dividing net income by the weighted-average number of common and common share equivalents outstanding during the period. Stock options are considered common share equivalents for this calculation. Weighted average shares used in the computation of earnings per share for the three months ended September 30,1996 and 1995 were 1,370,091 and 1,319,631, respectively. Weighted average shares used in the computation of earnings per share for the nine months ended September 30, 1996 and 1995 were 1,364,744 and 1,313,824, respectively. 15 Not Applicable. 16 Not Applicable. 18 Not Applicable. 19 Not Applicable. 7 20 Not Applicable. 23 Notice of Annual Meeting and Proxy Statement dated March 29, 1996; filed April 1, 1996. 24 Not Applicable 25 Not Applicable 27 Financial Data Schedule 28 Not Applicable (b) REPORTS ON FORM 8-K On October 18, 1996, the company filed a current report on Form 8-K regarding Bank of Lodi's agreement to purchase three branches from Wells Fargo Bank. On October 25, 1996, the company filed a current report on Form 8-K regarding the declaration of a dividend on First Financial Bancorp Common Stock. 8 SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized. FIRST FINANCIAL BANCORP Date November 13, 1996 /s/ David M. Philipp ----------------- ---------------------------- David M. Philipp Executive Vice-President Chief Financial Officer Corporate Secretary 9 EX-27 2 FINANCIAL DATA SCHEDULE
9 3-MOS 9-MOS DEC-31-1996 DEC-31-1996 JUN-01-1996 JAN-01-1996 SEP-30-1996 SEP-30-1996 5,103,000 5,103,000 0 0 4,100,000 4,100,000 0 0 30,867,000 30,867,000 1,790,000 1,790,000 1,888,000 1,888,000 55,895,000 55,895,000 1,244,000 1,244,000 106,175,000 106,175,000 91,324,000 91,324,000 0 0 729,000 729,000 2,559,000 2,559,000 0 0 0 0 7,314,000 7,314,000 4,249,000 4,249,000 106,175,000 106,175,000 1,463,000 4,194,000 530,000 1,601,000 49,000 155,000 2,042,000 5,950,000 738,000 2,244,000 807,000 2,451,000 1,235,000 3,499,000 115,000 300,000 0 0 1,256,000 3,436,000 180,000 578,000 180,000 578,000 0 0 0 0 126,000 416,000 .09 .31 .09 .30 5.35 5.06 1,211,000 1,211,000 34,000 34,000 0 0 0 0 1,168,000 959,000 108,000 218,000 69,000 203,000 1,244,000 1,244,000 1,244,000 1,244,000 0 0 637,000 637,000
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