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Allowance for Loan Losses
 9 Months Ended
Sep. 30, 2013
Text Block [Abstract]  
Allowance for Loan Losses

(5) Allowance for Loan Losses

Management has an established methodology to determine the adequacy of the allowance for loan losses that assesses the risks and losses inherent in the loan portfolio. For purposes of determining the allowance for loan losses, the Corporation has segmented certain loans in the portfolio by product type. Historical loss percentages for each risk category are calculated and used as the basis for calculating loan loss allowance allocations. These historical loss percentages are calculated over a three-year period for all portfolio segments. Certain economic factors are also considered for trends which management uses to establish the directionality of changes to the unallocated portion of the reserve. The following economic factors are analyzed:

 

  •   Changes in lending policies and procedures

 

  •   Changes in experience and depth of lending and management staff

 

  •   Changes in quality of Citizens’ credit review system

 

  •   Changes in nature and volume of the loan portfolio

 

  •   Changes in past due, classified and nonaccrual loans and TDRs

 

  •   Changes in economic and business conditions

 

  •   Changes in competition or legal and regulatory requirements

 

  •   Changes in concentrations within the loan portfolio

 

  •   Changes in the underlying collateral for collateral dependent loans

 

The total allowance reflects management’s estimate of loan losses inherent in the loan portfolio at the balance sheet date. The Corporation considers the allowance for loan losses of $17,297 adequate to cover loan losses inherent in the loan portfolio, at September 30, 2013. The following tables present, by portfolio segment, the changes in the allowance for loan losses and the loan balances outstanding for the periods ended September 30, 2013 and 2012, and December 31, 2012.

 

     Commercial
& Agriculture		     Commercial
Real Estate		     Residential
Real Estate		     Real Estate
Construction		     Consumer     Unallocated      Total  

For the nine months ending September 30, 2013

                

Allowance for loan losses:

                

Beginning balance

    $ 2,811      $ 10,139      $ 5,780      $ 349      $ 246      $ 417       $ 19,742   

Charge-offs

      (301 )      (1,266 )      (2,579 )      (136 )      (183 )      —           (4,465 ) 

Recoveries

      123        257        364        107        69        —           920   

Provision

      418        (1,221 )      1,312        (160 )      27        724         1,100   
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

     

 

 

  

Ending Balance

    $ 3,051      $ 7,909      $ 4,877      $ 160      $ 159      $ 1,141       $ 17,297   
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

     

 

 

  

For the nine months ended September 30, 2013, the allowance for Commercial Real Estate loans was reduced not only by charge-offs, but also due to a decrease in both the loan balances outstanding and the specific reserve required for this type. The net result of these changes was represented as a decrease in the provision. The allowance for Real Estate Construction loans was reduced as a result of changes to specific reserves required and the historical charge-offs for this type. The result of these changes was represented as a decrease in the provision. The ending reserve balance for Residential Real Estate loans declined from the end of the previous year due to charge-offs during the period. Since these charged-off loans already had specific reserves assigned to them, we no longer need to carry as large a reserve for this segment. While we have seen improvement in asset quality, given the uncertainty in the economy, management determined that it was appropriate to maintain unallocated reserves at a higher level at this time.

 

     Commercial
& Agriculture		     Commercial
Real Estate		     Residential
Real Estate		     Real Estate
Construction		     Consumer     Unallocated      Total  

For the nine months ending September 30, 2012

                

Allowance for loan losses:

                

Beginning balance

    $ 2,876      $ 10,571      $ 5,796      $ 974      $ 719      $ 321       $ 21,257   

Charge-offs

      (610 )      (2,463 )      (2,803 )      (297 )      (174 )      —           (6,347 ) 

Recoveries

      280        371        208        104        51        —           1,014   

Provision

      23        2,748        2,758        284        (343 )      95         5,565   
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

     

 

 

  

Ending Balance

    $ 2,569      $ 11,227      $ 5,959      $ 1,065      $ 253      $ 416       $ 21,489   
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

     

 

 

  

 

For the nine months ended September 30, 2012, the allowance for Consumer loans was reduced not only by charge-offs, but also due to decreases in the loan balances outstanding for this type. The result of this change was a reduction in the allowance and is represented as a decrease in the provision.

 

     Commercial
& Agriculture		     Commercial
Real Estate		     Residential
Real Estate		     Real Estate
Construction		     Consumer     Unallocated      Total  

For the three months ending September 30, 2013

                

Allowance for loan losses:

                

Beginning balance

    $ 3,775      $ 9,156      $ 5,169      $ 184      $ 149      $ 972       $ 19,405   

Charge-offs

      (210 )      (635 )      (1,558 )      (136 )      (61 )      —           (2,600 ) 

Recoveries

      62        34        63        1        32        —           192   

Provision

      (576 )      (646 )      1,203        111        39        169         300   
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

     

 

 

  

Ending Balance

    $ 3,051      $ 7,909      $ 4,877      $ 160      $ 159      $ 1,141       $ 17,297   
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

     

 

 

  

For the three months ended September 30, 2013, the allowance for Commercial and Agriculture loans was reduced not only by charge-offs, but also due to a decrease in the loan balances outstanding and decreases in both the specific and general reserves required for this type. The allowance for Commercial Real Estate loans was reduced not only by charge-offs, but also due to a decrease in both the specific and general reserves required for this type. The result of these changes for each loan type was represented as a decrease in the provision. While we have seen improvement in asset quality, given the uncertainty in the economy, management determined that it was appropriate to maintain unallocated reserves at a higher level at this time.

 

     Commercial
& Agriculture		     Commercial
Real Estate		     Residential
Real Estate		     Real Estate
Construction		     Consumer     Unallocated     Total  

For the three months ending September 30, 2012

               

Allowance for loan losses:

               

Beginning balance

    $ 2,537      $ 11,701      $ 6,379      $ 1,095      $ 262      $ (43 )    $ 21,931   

Charge-offs

      (192 )      (824 )      (1,334 )      (192 )      (49 )      —          (2,591 ) 

Recoveries

      180        196        47        (9 )      35        —          449   

Provision

      44        154        867        171        5        459        1,700   
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Ending Balance

    $ 2,569      $ 11,227      $ 5,959      $ 1,065      $ 253      $ 416      $ 21,489   
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

For the three months ended September 30, 2012, the allowance for each loan type was reduced by charge-offs, with no other adjustments through the provision needed for either a reduction in loan volume or charge-off history.

 

September 30, 2013

    Commercial
& Agriculture		      Commercial
Real Estate		      Residential
Real Estate		      Real Estate
Construction		      Consumer      Unallocated      Total  

Allowance for loan losses:

                     

Ending balance:

                     

Individually evaluated for impairment

    $ 1,054       $ 454       $ 204       $ —         $ 1       $ —         $ 1,713   

Ending balance:

                     

Collectively evaluated for impairment

    $ 1,997       $ 7,455       $ 4,673       $ 160       $ 158       $ 1,141       $ 15,584   
  

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

  

Ending Balance

    $ 3,051       $ 7,909       $ 4,877       $ 160       $ 159       $ 1,141       $ 17,297   
  

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

  

Loan balances outstanding:

                     

Ending balance:

                     

Individually evaluated for impairment

    $ 3,920       $ 9,813       $ 4,025       $ —         $ 21          $ 17,779   

Ending balance:

                     

Collectively evaluated for impairment

    $ 101,910       $ 421,920       $ 240,368       $ 26,661       $ 10,933          $ 801,792   
  

 

 

     

 

 

     

 

 

     

 

 

     

 

 

        

 

 

  

Ending Balance

    $ 105,830       $ 431,733       $ 244,393       $ 26,661       $ 10,954          $ 819,571   
  

 

 

     

 

 

     

 

 

     

 

 

     

 

 

        

 

 

  

 

December 31, 2012

    Commercial
& Agriculture		      Commercial
Real Estate		      Residential
Real Estate		      Real Estate
Construction		      Consumer      Unallocated      Total  

Allowance for loan losses:

                     

Ending balance:

                     

Individually evaluated for impairment

    $ 286       $ 2,354       $ 1,199       $ 107       $ 60       $ —         $ 4,006   

Ending balance:

                     

Collectively evaluated for impairment

    $ 2,525       $ 7,785       $ 4,581       $ 242       $ 186       $ 417       $ 15,736   
  

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

  

Ending Balance

    $ 2,811       $ 10,139       $ 5,780       $ 349       $ 246       $ 417       $ 19,742   
  

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

  

Loan balances outstanding:

                     

Ending balance:

                     

Individually evaluated for impairment

    $ 5,420       $ 13,941       $ 6,127       $ 541       $ 61          $ 26,090   

Ending balance:

                     

Collectively evaluated for impairment

    $ 95,241       $ 420,867       $ 244,471       $ 19,136       $ 9,748          $ 789,463   
  

 

 

     

 

 

     

 

 

     

 

 

     

 

 

        

 

 

  

Ending Balance

    $ 100,661       $ 434,808       $ 250,598       $ 19,677       $ 9,809          $ 815,553   
  

 

 

     

 

 

     

 

 

     

 

 

     

 

 

        

 

 

  

 

The following tables present credit exposures by internally assigned grades for the period ended September 30, 2013 and December 31, 2012. The grading analysis estimates the capability of the borrower to repay the contractual obligations of the loan agreements as scheduled or at all. Residential Real Estate loans with an internal credit risk grade include commercial loans that are secured by conventional 1-4 family residential properties. Real Estate Construction loans with an internal credit risk grade include commercial construction, land development and other land loans. Citizens’ internal credit risk grading system is based on experiences with similarly graded loans. Additionally, residential real estate, real estate construction or consumer loans that are directly related to a commercial borrower that has been downgraded may be downgraded as well.

Citizens’ internally assigned grades are as follows:

 

  •   Pass – loans which are protected by the current net worth and paying capacity of the obligor or by the value of the underlying collateral.

 

  •   Special Mention – loans where a potential weakness or risk exists, which could cause a more serious problem if not corrected.

 

  •   Substandard – loans that have a well-defined weakness based on objective evidence and are characterized by the distinct possibility that Citizens will sustain some loss if the deficiencies are not corrected.

 

  •   Doubtful – loans classified as doubtful have all the weaknesses inherent in a substandard asset. In addition, these weaknesses make collection or liquidation in full highly questionable and improbable, based on existing circumstances.

 

  •   Loss – loans classified as a loss are considered uncollectible, or of such value that continuance as an asset is not warranted.

 

  •   Unrated – Generally, consumer loans are not risk-graded, except when collateral is used for a business purpose.

 

September 30, 2013

    Commercial
& Agriculture		      Commercial
Real Estate		      Residential
Real Estate		      Real Estate
Construction		      Consumer      Total  

Pass

    $ 97,258       $ 406,253       $ 95,677       $ 22,295       $ 2,289       $ 623,772   

Special Mention

      2,804         7,714         996         21         —           11,535   

Substandard

      5,768         17,766         10,289         —           90         33,913   

Doubtful

      —           —           —           —           —           —     
  

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

  

Ending Balance

    $ 105,830       $ 431,733       $ 106,962       $ 22,316       $ 2,379       $ 669,220   
  

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

  

December 31, 2012

    Commercial
& Agriculture		      Commercial
Real Estate		      Residential
Real Estate		      Real Estate
Construction		      Consumer      Total  

Pass

    $ 90,159       $ 397,657       $ 89,896       $ 16,594       $ 994       $ 595,300   

Special Mention

      1,653         6,371         1,944         352         —           10,320   

Substandard

      8,849         30,780         12,873         1,001         106         53,609   

Doubtful

      —           —           —           —           —           —     
  

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

  

Ending Balance

    $ 100,661       $ 434,808       $ 104,713       $ 17,947       $ 1,100       $ 659,229   
  

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

  

 

The following tables present performing and nonperforming loans based solely on payment activity for the period ended September 30, 2013 and December 31, 2012 that have not been assigned an internal risk grade. Payment activity is reviewed by management on a monthly basis to determine how loans are performing. Loans are considered to be nonperforming when they become 90 days past due. Nonperforming loans also include certain loans that have been modified in Troubled Debt Restructurings (TDRs) where economic concessions have been granted to borrowers who have experienced or are expected to experience financial difficulties. These concessions typically result from Citizens’ loss mitigation activities and could include reductions in the interest rate, payment extensions, forgiveness of principal, forbearance or other actions. Certain TDRs are classified as nonperforming at the time of restructure and may only be returned to performing status after considering the borrower’s sustained repayment performance for a reasonable period, generally six months.

 

September 30, 2013

    Residential
Real Estate		      Real Estate
Construction		      Consumer      Total  

Performing

    $ 137,431       $ 4,345       $ 8,575       $ 150,351   

Nonperforming

      —           —           —           —     
  

 

 

     

 

 

     

 

 

     

 

 

  

Total

    $ 137,431       $ 4,345       $ 8,575       $ 150,351   
  

 

 

     

 

 

     

 

 

     

 

 

  

December 31, 2012

    Residential
Real Estate		      Real Estate
Construction		      Consumer      Total  

Performing

    $ 145,879       $ 1,730       $ 8,696       $ 156,305   

Nonperforming

      6         —           13         19   
  

 

 

     

 

 

     

 

 

     

 

 

  

Total

    $ 145,885       $ 1,730       $ 8,709       $ 156,324   
  

 

 

     

 

 

     

 

 

     

 

 

  

 

The following tables includes an aging analysis of the recorded investment of past due loans outstanding as of September 30, 2013 and December 31, 2012.

 

September 30, 2013

    30-59
Days
Past Due		      60-89
Days
Past Due		      90 Days or
Greater		      Total Past
Due		      Current      Total Loans      Past Due
90 Days
and
Accruing		  

Commericial & Agriculture

    $ —         $ 4       $ 304       $ 308       $ 105,522       $ 105,830       $ —     

Commercial Real Estate

      271         653         2,929         3,853         427,880         431,733         —     

Residential Real Estate

      733         393         5,412         6,538         237,855         244,393         —     

Real Estate Construction

      —           —           —           —           26,661         26,661         —     

Consumer

      60         8         25         93         10,861         10,954         —     
  

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

  

Total

    $ 1,064       $ 1,058       $ 8,670       $ 10,792       $ 808,779       $ 819,571       $ —     
  

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

  

December 31, 2012

    30-59
Days
Past Due		      60-89
Days
Past Due		      90 Days or
Greater		      Total Past
Due		      Current      Total Loans      Past Due
90 Days
and
Accruing		  

Commericial & Agriculture

    $ 31       $ 72       $ 553       $ 656       $ 100,005       $ 100,661       $ —     

Commercial Real Estate

      1,000         533         6,794         8,327         426,481         434,808         80   

Residential Real Estate

      2,843         1,214         8,527         12,584         238,014         250,598         —     

Real Estate Construction

      43         —           416         459         19,218         19,677         —     

Consumer

      127         20         29         176         9,633         9,809         —     
  

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

  

Total

    $ 4,044       $ 1,839       $ 16,319       $ 22,202       $ 793,351       $ 815,553       $ 80   
  

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

  

Nonaccrual Loans: Loans are considered for nonaccrual status upon reaching 90 days delinquency, unless the loan is well secured and in the process of collection, although Citizens may be receiving partial payments of interest and partial repayments of principal on such loans. When a loan is placed on nonaccrual status, previously accrued but unpaid interest is deducted from interest income.

The following table presents loans on nonaccrual status as of September 30, 2013 and December 31, 2012.

 

     September 30, 2013      December 31, 2012  

Commericial & Agriculture

    $ 1,599       $ 2,869   

Commercial Real Estate

      9,562         16,250   

Residential Real Estate

      9,458         9,701   

Real Estate Construction

      —           958   

Consumer

      75         77   
  

 

 

     

 

 

  

Total

    $ 20,694       $ 29,855   
  

 

 

     

 

 

  

 

Loan modifications that are considered TDRs completed during the nine month periods ended September 30, 2013 and September 30, 2012 were as follows:

 

     For the Nine-Month Period Ended
September 30, 2013		      For the Nine-Month Period Ended
September 30, 2012		  
     Number
of
Contracts		      Pre-
Modification
Outstanding
Recorded
Investment		      Post-
Modification
Outstanding
Recorded
Investment		      Number
of
Contracts		      Pre-
Modification
Outstanding
Recorded
Investment		      Post-
Modification
Outstanding
Recorded
Investment		  

Commericial & Agriculture

      —         $ —         $ —           6       $ 983       $ 976   

Commercial Real Estate

      2         547         547         3         1,206         1,206   

Residential Real Estate

      —           —           —           21         1,250         1,171   

Real Estate Construction

      —           —           —           —           —           —     

Consumer and Other

      —           —           —           5         66         66   
  

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

  

Total Loan Modifications

      2       $ 547       $ 547         35       $ 3,505       $ 3,419   
  

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

  

Loan modifications that are considered TDRs completed during the quarter ended September 30, 2013 and September 30, 2012 were as follows:

 

     For the Three-Month Period Ended
September 30, 2013		      For the Three-Month Period Ended
September 30, 2012		  
     Number
of
Contracts		      Pre-
Modification
Outstanding
Recorded
Investment		      Post-
Modification
Outstanding
Recorded
Investment		      Number
of
Contracts		      Pre-
Modification
Outstanding
Recorded
Investment		      Post-
Modification
Outstanding
Recorded
Investment		  

Commericial & Agriculture

      —         $ —         $ —           2       $ 197       $ 497   

Commercial Real Estate

      1         422         422         —           —           —     

Residential Real Estate

      —           —           —           1         385         385   

Real Estate Construction

      —           —           —           —           —           —     

Consumer and Other

      —           —           —           1         19         19   
  

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

  

Total Loan Modifications

      1       $ 422       $ 422         4       $ 601       $ 901   
  

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

  

Recidivism, or the borrower defaulting on its obligation pursuant to a modified loan, results in the loan once again becoming a non-accrual loan. Recidivism occurs at a notably higher rate than defaults on new origination loans, so modified loans present a higher risk of loss than do new origination loans.

 

During the nine-month period ended September 30, 2013, there were two defaults, totaling $66, on loans which were modified and considered TDRs during the twelve months previous to the nine-month period ending September 30, 2013.

During the nine-month period ended September 30, 2012, there were no defaults on any loans which were modified and considered TDRs during the twelve months previous to the nine-month period ending September 30, 2012.

During the three-month period ended September 30, 2013, there were no defaults on any loans which were modified and considered TDRs during the twelve months previous to the three-month period ending September 30, 2013.

During the three-month period ended September 30, 2012, there were no defaults on any loans which were modified and considered TDRs during the twelve months previous to the three-month period ending September 30, 2012.

Impaired Loans: Larger (greater than $500) Commercial loans and Commercial Real Estate loans, many of which are 60 days or more past due, are tested for impairment. These loans are analyzed to determine if it is probable that all amounts will not be collected according to the contractual terms of the loan agreement. If management determines that the value of the impaired loan is less than the recorded investment in the loan (net of previous charge-offs, deferred loan fees or costs and unamortized premium or discount), impairment is recognized through an allowance estimate or a charge-off to the allowance. Additionally, if a Residential Real Estate loan or Consumer loan is part of a relationship with a Commercial loan or Commercial Real Estate loan that is impaired, then the Residential Real Estate loan or Consumer loan is considered impaired as well.

 

The following tables include the recorded investment and unpaid principal balances for impaired financing receivables with the associated allowance amount, if applicable, as of September 30, 2013 and December 31, 2012.

 

     September 30, 2013      December 31, 2012  
     Recorded
Investment		      Unpaid
Principal
Balance		      Related
Allowance		      Recorded
Investment		      Unpaid
Principal
Balance		      Related
Allowance		  

With no related allowance recorded:

                  

Commercial & Agriculture

    $ 1,206       $ 1,326       $ —         $ 5,053       $ 5,226       $ —     

Commercial Real Estate

      5,341         6,260         —           5,446         8,114         —     

Residential Real Estate

      3,049         5,108         —           2,566         5,346         —     

Real Estate Construction

      —           —           —           —           521         —     

Consumer and Other

      —           —           —           1         1         —     
  

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

  

Total

      9,596         12,694         —           13,066         19,208         —     
  

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

  

With an allowance recorded:

                  

Commercial & Agriculture

      2,714         3,031         1,054         367         385         286   

Commercial Real Estate

      4,472         4,755         454         8,495         8,681         2,354   

Residential Real Estate

      976         1,003         204         3,561         4,554         1,199   

Real Estate Construction

      —           —           —           541         547         107   

Consumer and Other

      21         21         1         60         60         60   
  

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

  

Total

      8,183         8,810         1,713         13,024         14,227         4,006   
  

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

  

Total:

                  

Commercial & Agriculture

      3,920         4,357         1,054         5,420         5,611         286   

Commercial Real Estate

      9,813         11,015         454         13,941         16,795         2,354   

Residential Real Estate

      4,025         6,111         204         6,127         9,900         1,199   

Real Estate Construction

      —           —           —           541         1,068         107   

Consumer and Other

      21         21         1         61         61         60   
  

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

  

Total

    $ 17,779       $ 21,504       $ 1,713       $ 26,090       $ 33,435       $ 4,006   
  

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

  

 

The following tables include the average recorded investment and interest income recognized for impaired financing receivables for the three-month and nine-month periods ended September 30, 2013 and 2012.

 

For the nine months ended:    September 30, 2013      September 30, 2012  
   Average
Recorded
Investment		      Interest
Income
Recognized		      Average
Recorded
Investment		      Interest
Income
Recognized		  

Commercial & Agriculture

    $ 4,984       $ 156       $ 4,631       $ 205   

Commercial Real Estate

      12,328         438         17,060         995   

Residential Real Estate

      5,324         287         4,628         391   

Real Estate Construction

      377         —           531         11   

Consumer and Other

      35         —           28         1   
  

 

 

     

 

 

     

 

 

     

 

 

  

Total

    $ 23,048       $ 881       $ 26,878       $ 1,603   
  

 

 

     

 

 

     

 

 

     

 

 

  

 

For the three months ended:    September 30, 2013     September 30, 2012  
   Average
Recorded
Investment		      Interest
Income
Recognized		     Average
Recorded
Investment		      Interest
Income
Recognized		  

Commercial & Agriculture

    $ 4,504       $ 25      $ 5,366       $ 26   

Commercial Real Estate

      11,237         29        16,448         329   

Residential Real Estate

      4,773         18        5,227         145   

Real Estate Construction

      240         (11 )      608         11   

Consumer and Other

      21         —          54         1   
  

 

 

     

 

 

    

 

 

     

 

 

  

Total

    $ 20,775       $ 61      $ 27,703       $ 512