-----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, M0fUOPbCJLLhNTmtiiKvi5G54g09ld9j/SYjQHpMLzwf68XutFPWmvYmfoNVeSbc zW+NUuvl2ZUqjWUD88x+Rw== 0000854395-97-000015.txt : 19970520 0000854395-97-000015.hdr.sgml : 19970520 ACCESSION NUMBER: 0000854395-97-000015 CONFORMED SUBMISSION TYPE: 10-Q PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 19970331 FILED AS OF DATE: 19970519 SROS: NASD FILER: COMPANY DATA: COMPANY CONFORMED NAME: FIRST FEDERAL FINANCIAL CORPORATION OF KENTUCKY CENTRAL INDEX KEY: 0000854395 STANDARD INDUSTRIAL CLASSIFICATION: SAVINGS INSTITUTION, FEDERALLY CHARTERED [6035] IRS NUMBER: 611168311 STATE OF INCORPORATION: KY FISCAL YEAR END: 0630 FILING VALUES: FORM TYPE: 10-Q SEC ACT: 1934 Act SEC FILE NUMBER: 000-18832 FILM NUMBER: 97611375 BUSINESS ADDRESS: STREET 1: 2323 RING ROAD CITY: ELIZABETHTOWN STATE: KY ZIP: 42701 BUSINESS PHONE: 5027652131 MAIL ADDRESS: STREET 1: 2323 RING ROAD CITY: ELIZABETHTOWN STATE: KY ZIP: 42701 10-Q 1 FORM 10-Q FOR FIRST FEDERAL FINANCIAL CORP OF KY FORM 10-Q UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 (Mark One) [X] QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934. For the quarterly period ended: March 31, 1997 -------------- 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 0-18832 ------- First Federal Financial Corporation of Kentucky ----------------------------------------------- (Exact Name of Registrant as specified in its charter) Kentucky 61-1168311 -------- ---------- (State or other jurisdiction (IRS Employer Identification No.) of incorporation or organization) 2323 Ring Road Elizabethtown, Kentucky 42701 ----------------------------- (Address of principal executive offices) (Zip Code) (502)765-2131 ------------- (Registrants's telephone number, including area code) 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. Yes X No --- APPLICABLE ONLY TO CORPORATE ISSUERS: Indicate the number of shares outstanding of each of the issuer's classes of common stock, as of the latest practicable date. Class Outstanding as of April 30, 1997 ----------- ---------------------------------- Common Stock 4,160,353 shares This document is comprised of 12 pages. FIRST FEDERAL FINANCIAL CORPORATION OF KENTUCKY INDEX PART I - Financial Information Page Number Item 1 - Financial Statements Consolidated Statements of Financial Condition as of March 31, 1997 (Unaudited) and June 30, 1996. 3 Consolidated Statements of Income for the Three Months and Nine Months Ended March 31, 1997 and 1996 (Unaudited). 4 Consolidated Statements of Cash Flows for the Nine Months Ended March 31, 1997 and 1996 (Unaudited) 5 Notes to Consolidated Financial Statements. 6 Item 2 - Management's Discussion and Analysis of the Consolidated Statements of Financial Condition and Results of Operations. 7 PART II - Other Information 11 SIGNATURES 12
FIRST FEDERAL FINANCIAL CORPORATION OF KENTUCKY CONSOLIDATED STATEMENTS OF FINANCIAL CONDITION March 31, June 30, ASSETS 1997 1996 ------ ---- ---- (unaudited) Cash ..................................................... $ 7,378,637 $ 8,407,735 Interest bearing deposits ................................ 3,043,979 7,752,537 Securities: Securities held-to-maturity ......................... 17,731,927 11,993,796 Securities available-for-sale ....................... 4,858,628 4,748,417 (Total securities fair value: $22,832,982 at March 31, 1997: $17,086,603 at June 30, 1996) Loans receivable, net .................................... 321,834,790 302,363,297 Real estate owned: Acquired through foreclosure ......................... 421,560 375,392 Held for development ................................. 687,261 505,261 Investment in Federal Home Loan Bank Stock ............... 2,727,900 2,589,900 Premises and equipment ................................... 9,996,636 9,684,167 Other assets ............................................. 533,794 986,260 Excess of cost over net assets of affiliate purchased .... 3,084,499 3,264,553 ------------ - ------------ Total Assets ....................................... $372,299,611 $352,671,315 ============ ============ LIABILITIES & STOCKHOLDERS' EQUITY Liabilities: Savings deposits ........................................ $277,194,945 $264,945,744 Advances from Federal Home Loan Bank .................... 41,698,468 34,979,079 Accrued interest payable ................................ 682,885 218,284 Accounts payable and other liabilities .................. 1,133,805 1,099,293 Deferred income taxes ................................... 949,805 1,482,470 ------------ - ------------ Total Liabilities .................................. 321,659,908 302,724,870 ------------ - ------------ Stockholders' Equity: Serial preferred stock 5,000,000 shares authorized and unissued ..................................... -- -- Common stock, $1 par value per share; authorized 10,000,000 shares; issued and outstanding 4,165,353 shares on March 31, 1997 and 4,208,490 shares on June 30, 1996 .................................. 4,165,353 4,208,490 Additional paid-in capital .............................. 4,527,735 5,466,700 Retained earnings - substantially restricted ............ 41,214,404 39,509,189 Net unrealized holding gain on securities available- for-sale, net of tax ................................. 732,211 762,066 ------------ - ------------ Total Stockholders' Equity ........................ 50,639,703 49,946,445 ------------ - ------------ Total Liabilities & Stockholders' Equity .......... $372,299,611 $352,671,315 ============ ============ See notes to consolidated financial statements.
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FIRST FEDERAL FINANCIAL CORPORATION OF KENTUCKY CONSOLIDATED STATEMENTS OF INCOME (Unaudited) Three Months Ended Nine Months Ended March 31, March 31, 1997 1996 1997 1996 ---- ---- - ---- ---- Interest income: Interest on loans ....................... $ 6,787,507 $ 6,384,776 $19,979,343 $18,746,271 Interest and dividends on investments and deposits ............. 462,123 438,896 1,355,919 1,331,316 ----------- ----------- - ----------- ----------- Total interest income ................ 7,249,629 6,823,672 21,335,262 20,077,586 ----------- ----------- - ----------- ----------- Interest expense: Savings deposits ........................ 2,981,606 2,960,758 8,945,270 8,952,216 Federal Home Loan Bank advances ......... 613,145 490,107 1,714,977 1,311,777 ----------- ----------- - ----------- ----------- Total interest expense ............... 3,594,751 3,450,865 10,660,247 10,263,993 ----------- ----------- - ----------- ----------- Net interest income ..................... 3,654,878 3,372,807 10,675,015 9,813,593 Provision for loan losses ............... 0 0 200,000 0 ----------- ----------- - ----------- ----------- Net interest income after provision for loan losses ........ 3,654,878 3,372,807 10,475,015 9,813 593 ----------- ----------- - ----------- ----------- Other income: Customer service fees on deposit accounts 315,657 249,902 926,733 767,958 Other income ............................ 250,194 181,564 680,358 610,291 Gain on sale of investment .............. 0 211,355 316,927 754,409 ----------- ----------- - ----------- ----------- Total other income .................. 565,851 642,821 1,924,018 2,132,658 ----------- ----------- - ----------- ----------- Other expense: Employee compensation and benefits ...... 898,713 835,041 2,642,839 2,419,435 Office occupancy and equipment expense .. 241,089 197,800 683,374 615,261 Federal insurance premiums (Note 2) ..... 43,144 146,548 1,970,572 439,529 Marketing and advertising ............... 71,316 102,866 273,020 274,269 Outside services and data processing .... 143,065 167,284 454,572 456,519 State franchise tax ..................... 74,039 70,794 218,826 209,120 Other expense ........................... 401,239 372,314 1,270,622 1,155,494 ----------- ----------- - ----------- ----------- Total other expense ................. 1,872,605 1,892,647 7,513,825 5,569,627 ----------- ----------- - ----------- ----------- Income before taxes ........................ 2,348,124 2,122,981 4,885,208 6,376,624 Income taxes ............................... 819,261 728,685 1,684,378 2,171,024 ----------- ----------- - ----------- ----------- Net Income ................................. $ 1,528,863 $ 1,394,296 $ 3,200,829 $ 4,205,600 =========== =========== =========== =========== Net income per share of common stock ....... $ 0.37 $ 0.33 $ 0.77 $ 0.99 ======= ======= ======= ======= Dividends per share of common stock ........ $ 0.13 $ 0.12 $ 0.37 $ 0.34 ======= ======= ======= =======
See notes to consolidated financial statements. 4
FIRST FEDERAL FINANCIAL CORPORATION OF KENTUCKY CONSOLIDATED STATEMENTS OF CASH FLOW (Unaudited) Nine Months Ended March 31, 1997 1996 ---- ---- Operating Activities: Net income ............................................... $ 3,200,829 $ 4,205,600 Adjustments to reconcile net income to net cash provided by operating activities: Provision for loan losses .............................. 200,000 -- Provision for depreciation ............................. 406,238 344,088 Net change in deferred loan fees and costs ............. 126,629 120,300 Federal Home Loan Bank stock dividends ................. (138,000) (129,400) Amortization of discounts on securities held-to-maturity (115,812) (93,789) Amortization of acquired intangible assets ............. 180,054 180,054 Gain on sale of investments available-for-sale ......... (316,927) (754,409) Increase (Decrease) in interest payable ................ 464,601 (46,831) Decrease in other assets ............................... 452,466 259,524 (Decrease) Increase in accounts payable and other liabilities ......................................... (498,153) 406,184 ------------ - ------------ Net cash provided by operating activities ................. 3,961,925 4,055,886 ------------ - ------------ Investing Activities: Sale of securities available-for-sale .................... 335,111 793,308 Purchases of securities available-for-sale ............... (151,567) (147,202) Purchases of securities held-to-maturity ................. (6,000,000) -- Maturity of securities held-to-maturity .................. -- 1,000,000 Principal collections on securities held-to-maturity ..... 377,681 317,448 Net increase in loans to customers ....................... (20,267,731) (19,453,579) Purchases of premises and equipment ...................... (718,707) (152,476) Sales of real estate acquired in settlement of loans ..... 483,063 75,000 Increase in real estate held for development ............. (182,000) (4,357) ------------ - ------------ Net cash used in investing activities ...................... (26,124,150) (17,571,858) ------------ - ------------ Financing Activities: Advances from Federal Home Loan Bank, net of repayments .. 6,719,389 13,768,573 Net increase in customer savings deposits ................ 12,249,201 3,962,076 Dividends paid ........................................... (1,547,234) (1,437,887) Proceeds from stock options exercised .................... 60,543 69,426 Common stock repurchased ................................. (1,042,645) (588,617) Advance to ESOP .......................................... (14,685) -- Collection on advance to ESOP ............................ -- 163,667 ------------ - ------------ Net cash provided by financing activities .................. 16,424,569 15,937,275 ------------ - ------------ Increase (Decrease) in cash and cash equivalents ........... (5,737,656) 2,421,303 Cash and cash equivalents, beginning of year ............... 16,160,272 13,864,501 ------------ - ------------ Cash and cash equivalents, end of period ................... $ 10,422,616 $ 16,285,804 ============ ============ See notes to consolidated financial statements.
5 FIRST FEDERAL FINANCIAL CORPORATION OF KENTUCKY Notes to Consolidated Financial Statements 1. Interim Financial Statements First Federal Financial Corporation of Kentucky ("Corporation") is the parent to its wholly owned subsidiary, First Federal Savings Bank of Elizabeth town ("Bank"). The Corporation has no material income, other than that generated by the Bank. In the opinion of management, these unaudited consolidated financial statements include all adjustments necessary for a fair presentation of its financial position as of March 31, 1997 and the results of its operations and its cash flows for the three month and nine month periods then ended. All such adjustments were of a normal recurring nature. The results of operations for the three month and nine month periods ended March 31, 1997 and 1996 are not necessarily indicative of the results for the full years. It is suggested that these financial statements be read in conjunction with the financial statements, accounting policies and financial notes thereto included in the Appendix to the Company's 1996 Proxy Statement which has been previously filed with the Commission. 2. Federal Deposit Insurance Corporation (FDIC) legislation was signed into law on September 30, 1996, to recapitalize the Savings Association Insurance Fund (SAIF). All SAIF-insured savings institutions were required to pay a one-time special assessment of $.657 for every $100 of customer deposits. This has resulted in a charge to earnings of $1,658,000 ($1,094,000, net of tax) during the Bank's first quarter ended September 30, 1996. 3. Net income per share of common stock is computed by dividing net income by the weighted average number of shares on common stock issued and outstanding: 4,171,424 shares and 4,217,393 shares issued and out- standing for the three month periods ended March 31, 1997 and 1996 respectively, and 4,187,806 shares and 4,229,298 shares issued and outstanding for the nine month periods ended March 31, 1997 and 1996 respectively. Common stock equivalents have not been used in computing net income per share because their effect is not material. Net income and dividends paid per share reflect a 2-for-1 common stock split in the form of a 100% stock dividend distrubuted on June 10, 1996. 6 MANAGEMENT DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS First Federal Financial Corporation of Kentucky ("Corporation") is the parent to its wholly owned subsidiary, First Federal Savings Bank of Elizabethtown ("Bank"). The Bank has operations in the central Kentucky communities of Elizabethtown, Radcliff, Bardstown, Munfordville, Shepherdsville, and Mt.Washington. The following discussion and analysis covers any material changes in the financial condition since June 30, 1996 and any material changes in the results of operations for the three month and nine month periods ending, March 31, 1997. This discussion and analysis should be read in conjunction with "Managements Discussion and Analysis of Financial Condition and Results of Operations" included in the 1996 Annual Report to Shareholders. Results of Operations Three Month Period Ended March 31, 1997 vs. 1996 - Net income was $1,528,863 or $.37 per share for the three month period ended March 31, 1997 as compared to $1,394,296 or $.33 per share for the same period in 1996. In addition to the higher net income, the 12% increase in net income per share was also attributable to the Corporation's stock repurchase plans which have reduced the weighted average number of shares outstanding from 4,217,393 for the 1996 period to 4,171,424 for the 1997 period. The following discussion outlines the material differences in income and expenses for the three month period ended March 31, 1997, as compared to 1996. Net interest income increased by $282,071 in 1997 as compared to 1996. This increase was due to the strong growth of the Bank's loan portfolio and a 12 basis point improvement in the net interest margin. The Bank's net interest margin for the 1997 period increased to 4.14% as compared to 4.02% for the 1996 quarter. The Corporation's cost of funds decreased by 9 basis points in 1997 compared to 1996, due to customer's transferring deposits from long-term maturities to short-term. Average interest-earning assets increased by $21 million from $327 million for the 1996 period to $348 million for the 1997 period. Average loans were $20 million higher and averaged $320 million during 1997, while the average yield on loans increased by 6 basis points to 8.60%. Average interest-bearing liabilities increased by $22 million to an average balance of $316 million for the 1997 period. Customer deposits averaged $272 million during 1997, an increase of $12 million compared to the 1996 quarter. The remaining $10 million increase in interest-bearing liabilities was due to borrowings from Federal Home Loan Bank to help finance the Bank's loan growth. Total other income was $565,851 for the three months ended March 31, 1997, as compared to $642,821 for the 1996 period, a decrease of $76,970. The decrease in income is attributable to the fact that no sales of available-for-sale securities took place during the 1997 period compared to the 1996 period which reported gains of $211,355. Customer service fees on deposit accounts increased by $65,755 due to a growth in customer checking accounts and an increase in customer service fees. Total other expense was $1,872,605 for the three month period ended March 31, 1997, as compared to $1,892,647 for the 1996 period, a decrease of $20,042. The decrease in expense is due to the resolution of the FDIC insurance fund disparity on September 30, 1996, resulting in a $103,404 lower premium for this quarter versus the 1996 quarter. Costs attributable to the new branch office in the Elizabethtown Wal-Mart Supercenter which became operational in July 1996, were approximately $80,000 for the 1997 quarter. Marketing expense was $31,550 lower this quarter versus the 1996 period due to the reduction in promotional items and radio advertisements. Nine Month Period Ended March 31, 1997 vs. 1996 - Net income was $3,200,829 or $0.77 per share for the nine month period ended March 31, 1997, as compared to $4,205,600 or $0.66 per share for the same period in 1996. Earnings were affected by a one-time FDIC special assessment of $1.7 million ($1.1 million, 7 (net of tax) to recapitalize the Savings Association Insurance Fund ("SAIF") and a $200,000 addition to provision for loan losses. See further discussion under "Regulatory Matters". Net interest income increased by $861,422 in 1997 as compared to 1996 due to the Bank's strong loan growth and a 8 basis point improvement in the net interest margin. Average interest-earning assets increased by $20 million during the nine months ended March 31, 1997 compared to the 1996 period as average loans grew by $22 million. Average interest-bearing liabilities increased by $21 million to an average balance of $309 million for the 1997 period, while the average cost of funds decreased by 13 basis points during the comparative periods due to customer's transferring deposits from long-term maturities to short-term. Total other income was $1,824,018 for the nine months ended March 31, 1997, as compared to $2,132,658 for the 1996 period, a decrease of $308,640. Gains from investment sales were $316,927 for the nine months ended March 31, 1997 as compared to $754,409 reported in the 1996 nine month period. Customer service fees on deposit accounts increased by $158,775 during the 1997 period due to a growth in customer checking accounts and an increase in customer service fees. Total other expense was $7,513,825 for the nine months ended March 31, 1997, as compared to $5,569,627 for the 1996 period, an increase of $1,944,198. The increase is a result of the SAIF special assessment recorded in the first quarter of 1997, resulting in a $1,685,000 charge against earnings. Costs attributable to the new branch in the Elizabethtown Wal-mart Supercenter were approximately $200,000 during the nine month period ended March 31, 1997. All other expenses increased approximately 5% for the 1997 period as compared to the same period in 1996, primarily from expanded services and products offered to customers and to accommodate loan growth. Non-Performing Assets Management periodically evaluates the adequacy of the allowance for loan losses based on the Bank's past loan loss experience, known and inherent risks in the portfolio, adverse situations that may effect the borrower's ability to repay and other factors. During the nine month period ended March 31, 1997, management chose to add $200,000 to the reserve for loan loss. Although current loan charge-offs and delinquencies are consistent with previous years, the reserve was increased to compensate for the Bank's continued strong loan growth. The Bank experienced an insignificant amount of uncollectible loans during the periods indicated in the table below. Approximately 55% of the Bank's delinquent loans are secured by one-to-four family residences at March 31, 1997. Three Months Ended Nine Months Ended March 31, March 31, ---------- ---------- 1997 1996 1997 1996 ------ ------ ------ ------ (Dollars in thousands) Allowance for loan losses: Balance, beginning of period $ 1,772 $ 1,642 $ 1,613 $ 1,662 Provision for loan losses -- -- 200 -- Charge-offs (43) (23) (86) (44) Recoveries 1 1 3 2 --- --- --- --- Balance, end of period $ 1,730 $ 1,620 $ 1,730 $ 1,620 ======= ======= ======= ======= 8 Net loans outstanding at quarter end $321,835 $302,155 Non-performing loans at quarter end: Collaterized by one-to-four family homes $878 $625 Other non-performing loans $294 $441 Ratios: Non performing loans to total loans .36% .35% Allowance for loan losses to non- performing loans 148% 152% Allowance for loan losses to net loans .54% .54% Non-performing assets to total assets .43% .38% LIQUIDITY & CAPITAL RESOURCES - ----------------------------- Loan demand continued to be strong during the nine months ended March 31, 1997, as net loans grew by $19.4 million to $321.8 million, an 8.5% annualized growth rate. Deposits increased by $12.3 million, or 4.6% during the nine month period, primarily in customer accounts with maturity terms under two years. The loan growth was funded by additional borrowings of $6.7 million from the Federal Home Loan Bank. Current regulations require the Corporation's subsidiary, First Federal Savings Bank, to maintain minimum specific levels of liquid assets, (currently 5%) of cash and eligible investments to the savings deposits and short-term borrowings. At March 31, 1997, the Bank's liquid assets were 8.01% of its liquidity base. The Bank intends to continue to fund loan growth (outstanding loan commitments were $5.0 million at March 31, 1997) and any declines in customer deposits through additional advances from the FHLB. At March 31, 1997, the Bank has an unused approved line of credit in the amount of $8.6 million, and the potential to significantly increase its indebtedness with the FHLB, if necessary, due to the Bank's strong financial condition. The Office of Thrift Supervision's capital regulations require the Bank to meet three capital standards. As indicated below, the Bank substantially exceeded the regulatory requirements for each category at March 31, 1997. (Dollars in thousands) Tangible Core Risk-weighted -------- ---- ------------- Actual capital $ 44,363 $ 44,363 $ 46,094 Regulatory requirement 5,516 11,032 18,780 -------- --------- --------- Excess $ 38,847 $ 33,331 $ 27,314 ======== ========= ========= REGULATORY MATTERS - ------------------ The Bank insures its customers' deposits through the Savings Association Insurance Fund ("SAIF"). On September 30, 1996, Federal Deposit Insurance Corporation ("FDIC") legislation was signed into law to recapitalize the SAIF. As was anticipated, all SAIF-insured savings institutions were required to pay a one-time special assessment of $.657 for every $100 of customer deposits. This has resulted in a charge to earnings of $1,095,000, net of tax during the quarter ended September 30, 1996. On January 1, 1997, the Bank began paying insurance premiums of $.064 per $100 of deposits as compared to a previous premium of $.23 per $100 of deposits. The reduced premium will contribute 9 approximately $285,000, net of tax to future annual earnings. Recent legislation will require the Bank to change its method of computing bad debt deductions for income tax purposes, effective July 1, 1996. Formerly, the Bank was permitted a bad debt deduction in the amount of 8% pre-tax income. The annual deductions created a bad debt reserve for income tax purposes. Conversion from a thrift charter to a commercial bank charter would have triggered the recapture of the reserve, resulting in approximately $4 million of income taxes. The new law has eliminated this income tax cost upon conversion to a commercial bank charter. Although recapture of the post-1987 reserve will occur, the Bank has previously deferred the related tax consequences and therefore will have no material effect on future earnings of the Bank. 10 FIRST FEDERAL FINANCIAL CORPORATION OF KENTUCKY 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 Not Applicable Item 6. Exhibits: Not Applicable Reports on Form 8-K: Not Applicable 11 FIRST FEDERAL FINANCIAL CORPORATION OF KENTUCKY Pursuant to the requirements of Section 13 or 15(d) 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. DATE: May 13, 1997 BY: (S) B. Keith Johnson ---------------------- B. Keith Johnson Executive Vice President DATE: May 13, 1997 BY: (S) Richard L. Muse --------------------- Richard L. Muse Assistant Vice President, Comptroller 12 EX-27 2 FDS --NINE MONTH 10-Q
9 9-MOS JUN-30-1997 JUL-01-1996 MAR-31-1997 7,378,637 3,043,979 0 0 4,858,628 17,731,927 22,832,982 321,834,790 1,730,000 372,299,611 277,194,945 41,698,468 2,766,495 0 0 0 4,165,353 46,474,350 372,299,611 19,979,343 1,355,919 0 21,335,262 8,945,270 10,660,247 10,675,015 200,000 316,927 7,513,825 4,885,208 4,885,208 0 0 3,200,829 0.77 0.77 4.14 0 1,172,000 0 1,690,000 1,613,000 86,000 3,000 1,730,000 0 0 1,730,000
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