LOANS RECEIVABLE AND THE ALLOWANCE FOR LOAN LOSSES

3 Months Ended

Mar. 31, 2016

LOANS RECEIVABLE AND THE ALLOWANCE FOR LOAN LOSSES

Loans receivable at March 31, 2016 and December 31, 2015 are summarized as follows (dollars in thousands):



	March 31, 2016					December 31, 2015
	Amount			Percent of Total		Amount			Percent of Total
Commercial real estate:
Owner-occupied	$	1,328,034		18.5	%	$	1,327,807		18.2	%
Investment properties	1,805,243			25.1		1,765,353			24.1
Multifamily real estate	307,019			4.3		472,976			6.5
Commercial construction	87,711			1.2		72,103			1.0
Multifamily construction	79,737			1.1		63,846			0.9
One- to four-family construction	297,348			4.1		278,469			3.8
Land and land development:
Residential	142,841			2.0		126,773			1.7
Commercial	24,493			0.3		33,179			0.5
Commercial business	1,224,915			17.1		1,207,944			16.5
Agricultural business, including secured by farmland	340,350			4.7		376,531			5.1
One- to four-family residential	910,719			12.7		952,633			13.0
Consumer:
Consumer secured by one- to four-family	481,590			6.7		478,420			6.5
Consumer—other	155,999			2.2		158,470			2.2
Total loans outstanding	7,185,999			100.0	%	7,314,504			100.0	%
Less allowance for loan losses	(78,197		)			(78,008		)
Net loans	$	7,107,802				$	7,236,496

Loan amounts are net of unearned loan fees in excess of unamortized costs of $2.8 million as of March 31, 2016 and $5.5 million as of December 31, 2015. Net loans include net discounts on acquired loans of $42.3 million and $43.7 million as of March 31, 2016 and December 31, 2015, respectively.

Purchased credit-impaired loans and purchased non-credit-impaired loans. Purchased loans, including loans acquired in business combinations, are recorded at their fair value at the acquisition date. Credit discounts are included in the determination of fair value; therefore, an allowance for loan and lease losses is not recorded at the acquisition date. Acquired loans are evaluated upon acquisition and classified as either purchased credit-impaired or purchased non-credit-impaired. PCI loans reflect credit deterioration since origination such that it is probable at acquisition that the Company will be unable to collect all contractually required payments. The outstanding contractual unpaid principal balance of purchased credit-impaired loans, excluding acquisition accounting adjustments, was $76.6 million at March 31, 2016 and $83.4 million at December 31, 2015. The carrying balance of purchased credit-impaired loans was $53.3 million at March 31, 2016 and $58.6 million at December 31, 2015.

The following table presents the changes in the accretable yield for purchased credit-impaired loans for the three months ended March 31, 2016 and 2015 (in thousands):



	Three Months Ended March 31,
	2016			2015
Balance, beginning of period	$	10,375		$	—
Additions	—			2,239
Accretion to interest income	(1,931		)	(35		)
Disposals	(18		)	—
Reclassifications from non-accretable difference	2,291			—
Balance, end of period	$	10,717		$	2,204

As of March 31, 2016 and December 31, 2015, the non-accretable difference between the contractually required payments and cash flows expected to be collected were $25.3 million and $29.5 million, respectively.

Impaired Loans and the Allowance for Loan Losses. A loan is considered impaired when, based on current information and circumstances, the Company determines it is probable that it will be unable to collect all amounts due according to the contractual terms of the loan agreement, including scheduled interest payments. Factors involved in determining impairment include, but are not limited to, the financial condition of the borrower, the value of the underlying collateral and the current status of the economy. Impaired loans are comprised of loans on nonaccrual, troubled debt restructures (TDRs) that are performing under their restructured terms, and loans that are 90 days or more past due, but are still on accrual. Purchased credit-impaired loans are considered performing within the scope of the purchased credit-impaired accounting guidance and are not included in the impaired loan tables.

The following tables provide information on impaired loans, excluding purchased credit impaired loans, with and without allowance reserves at March 31, 2016 and December 31, 2015. Recorded investment includes the unpaid principal balance or the carrying amount of loans less charge-offs and net deferred loan fees (in thousands):



	March 31, 2016
	Unpaid Principal Balance		Recorded Investment				Related Allowance
			Without Allowance ⁽¹⁾		With Allowance ⁽²⁾
Commercial real estate:
Owner-occupied	$	1,985	$	—	$	1,737	$	126
Investment properties	8,774		2,458		5,923		455
Multifamily real estate	357		—		355		68
Commercial construction	—		—		—		—
One- to four-family construction	1,644		—		1,644		40
Land and land development:
Residential	3,139		—		1,984		481
Commercial	1,628		1,027		—		—
Commercial business	2,314		928		1,191		152
Agricultural business/farmland	1,294		563		663		48
One- to four-family residential	16,170		1,344		13,775		564
Consumer:
Consumer secured by one- to four-family	1,096		—		1,036		8
Consumer—other	526		9		427		7
	$	38,927	$	6,329	$	28,735	$	1,949

	December 31, 2015
	Unpaid Principal Balance		Recorded Investment				Related Allowance
			Without Allowance ⁽¹⁾		With Allowance ⁽²⁾
Commercial real estate:
Owner-occupied	$	1,465	$	—	$	1,416	$	70
Investment properties	8,740		2,503		5,846		602
Multifamily real estate	359		—		357		71
Commercial construction	1,141		1,069		—		—
One- to four-family construction	1,741		—		1,741		161
Land and land development:
Residential	3,540		750		1,634		444
Commercial	1,628		1,027		—		—
Commercial business	2,266		538		1,184		150
Agricultural business/farmland	1,309		544		697		43
One- to four-family residential	17,897		2,206		14,418		736
Consumer:
Consumer secured by one- to four-family	776		—		716		23
Consumer—other	433		—		351		7
	$	41,295	$	8,637	$	28,360	$	2,307


⁽¹⁾	Loans without an allowance reserve have been individually evaluated for impairment and that evaluation concluded that no reserve was needed.


⁽²⁾	Includes general reserves for loans evaluated in pools of homogeneous loans and loans with a specific allowance reserve. Loans with a specific allowance reserve have been individually evaluated for impairment using either a discounted cash flow analysis or, for collateral dependent loans, current appraisals less costs to sell to establish realizable value.

The following tables summarize our average recorded investment and interest income recognized on impaired loans by loan class for the three months ended March 31, 2016 and 2015 (in thousands):



	Three Months Ended March 31, 2016				Three Months Ended March 31, 2015
	Average Recorded Investment		Interest Income Recognized		Average Recorded Investment		Interest Income Recognized
Commercial real estate:
Owner-occupied	$	2,116	$	4	$	2,698	$	3
Investment properties	8,415		75		6,490		77
Multifamily real estate	356		4		975		11
Commercial construction	—		—		—		—
One- to four-family construction	1,610		27		3,097		31
Land and land development:
Residential	1,988		10		2,547		16
Commercial	1,027		—		1,624		—
Commercial business	2,495		8		1,172		9
Agricultural business/farmland	1,215		5		2,317		5
One- to four-family residential	15,181		126		24,025		204
Consumer:
Consumer secured by one- to four-family	1,042		3		1,209		3
Consumer—other	455		4		773		4
	$	35,900	$	266	$	46,927	$	363

Troubled Debt Restructures (TDRs). Some of the Company’s loans are reported as TDRs. Loans are reported as TDRs when the bank grants one or more concessions to a borrower experiencing financial difficulties that it would not otherwise consider. Examples of such concessions include forgiveness of principal or accrued interest, extending the maturity date(s) or providing a lower interest rate than would be normally available for a transaction of similar risk. Our TDRs have generally not involved forgiveness of amounts due, but almost always include a modification of multiple factors; the most common combination includes interest rate, payment amount and maturity date. As a result of these concessions, restructured loans are impaired as the Company will not collect all amounts due, both principal and interest, in accordance with the terms of the original loan agreement. Loans identified as TDRs are accounted for in accordance with the Company's impaired loan accounting policies.

The following tables present TDRs at March 31, 2016 and December 31, 2015 (in thousands):



	March 31, 2016
	Accrual Status		Nonaccrual Status		Total TDRs
Commercial real estate:
Owner-occupied	$	181	$	102	$	283
Investment properties	5,792		6		5,798
Multifamily real estate	355		—		355
Commercial construction	—		—		—
One- to four-family construction	1,644		—		1,644
Land and land development:
Residential	762		472		1,234
Commercial	—		—		—
Commercial business	561		—		561
Agricultural business, including secured by farmland	563		243		806
One- to four-family residential	9,277		1,401		10,678
Consumer:
Consumer secured by one- to four-family	146		12		158
Consumer—other	169		—		169
	$	19,450	$	2,236	$	21,686



	December 31, 2015
	Accrual Status		Nonaccrual Status		Total TDRs
Commercial real estate:
Owner-occupied	$	181	$	104	$	285
Investment properties	5,834		13		5,847
Multifamily real estate	357		—		357
One- to four-family construction	1,741		—		1,741
Land and land development:
Residential	1,151		483		1,634
Commercial business	624		—		624
Agricultural business, including secured by farmland	545		277		822
One- to four-family residential	11,025		1,428		12,453
Consumer:
Consumer secured by one- to four-family	147		14		161
Consumer—other	172		—		172
	$	21,777	$	2,319	$	24,096

As of March 31, 2016 and December 31, 2015, the Company had commitments to advance funds related to TDRs up to additional amounts of $197,000 and $237,000, respectively.

No new TDRs occurred during the three months ended March 31, 2016. The following table presents new TDRs that occurred during the three months ended March 31, 2015 (dollars in thousands):



	Three Months Ended March 31, 2015
	Number of Contracts	Pre-modification Outstanding Recorded Investment		Post-modification Outstanding Recorded Investment
Recorded Investment ^{(1) (2)}
One- to four-family construction	2	592		592
Agricultural business/farmland	2	288		288
	4	$	880	$	880


⁽¹⁾	Since these loans were already considered classified and/or on nonaccrual status prior to restructuring, the modifications did not have a material effect on the Company’s determination of the allowance for loan losses.


⁽²⁾	The majority of these modifications do not fit into one separate type, such as rate, term, amount, interest-only or payment, but instead are a combination of multiple types of modifications; therefore, they are disclosed in aggregate.

There were no TDRs which incurred a payment default within twelve months of the restructure date during the three-month periods ended March 31, 2016 and 2015. A default on a TDR results in either a transfer to nonaccrual status or a partial charge-off, or both.

Credit Quality Indicators: To appropriately and effectively manage the ongoing credit quality of the Company’s loan portfolio, management has implemented a risk-rating or loan grading system for its loans. The system is a tool to evaluate portfolio asset quality throughout each applicable loan’s life as an asset of the Company. Generally, loans and leases are risk rated on an aggregate borrower/relationship basis with individual loans sharing similar ratings. There are some instances when specific situations relating to individual loans will provide the basis for different risk ratings within the aggregate relationship. Loans are graded on a scale of 1 to 9. A description of the general characteristics of these categories is shown below:

Overall Risk Rating Definitions: Risk-ratings contain both qualitative and quantitative measurements and take into account the financial strength of a borrower and the structure of the loan or lease. Consequently, the definitions are to be applied in the context of each lending transaction and judgment must also be used to determine the appropriate risk rating, as it is not unusual for a loan or lease to exhibit characteristics of more than one risk-rating category. Consideration for the final rating is centered in the borrower’s ability to repay, in a timely fashion, both principal and interest. There were no material changes in the risk-rating or loan grading system in the three months ended March 31, 2016.

Risk Rating 1: Exceptional

A credit supported by exceptional financial strength, stability, and liquidity. The risk rating of 1 is reserved for the Company’s top quality loans, generally reserved for investment grade credits underwritten to the standards of institutional credit providers.

Risk Rating 2: Excellent

A credit supported by excellent financial strength, stability and liquidity. The risk rating of 2 is reserved for very strong and highly stable customers with ready access to alternative financing sources.

Risk Rating 3: Strong

A credit supported by good overall financial strength and stability. Collateral margins are strong; cash flow is stable although susceptible to cyclical market changes.

Risk Rating 4: Acceptable

A credit supported by the borrower’s adequate financial strength and stability. Assets and cash flow are reasonably sound and provide for orderly debt reduction. Access to alternative financing sources will be more difficult to obtain.

Risk Rating 5: Watch

A credit with the characteristics of an acceptable credit which requires, however, more than the normal level of supervision and warrants formal quarterly management reporting. Credits in this category are not yet criticized or classified, but due to adverse events or aspects of underwriting require closer than normal supervision. Generally, credits should be watch credits in most cases for six months or less as the impact of stress factors are analyzed.

Risk Rating 6: Special Mention

A credit with potential weaknesses that deserves management’s close attention is risk rated a 6. If left uncorrected, these potential weaknesses will result in deterioration in the capacity to repay debt. A key distinction between Special Mention and Substandard is that in a Special Mention credit, there are identified weaknesses that pose potential risk(s) to the repayment sources, versus well defined weaknesses that pose risk(s) to the repayment sources. Assets in this category are expected to be in this category no more than 9-12 months as the potential weaknesses in the credit are resolved.

Risk Rating 7: Substandard

A credit with well defined weaknesses that jeopardize the ability to repay in full is risk rated a 7. These credits are inadequately protected by either the sound net worth and payment capacity of the borrower or the value of pledged collateral. These are credits with a distinct possibility of loss. Loans headed for foreclosure and/or legal action due to deterioration are rated 7 or worse.

Risk Rating 8: Doubtful

A credit with an extremely high probability of loss is risk rated 8. These credits have all the same critical weaknesses that are found in a substandard loan; however, the weaknesses are elevated to the point that based upon current information, collection or liquidation in full is improbable. While some loss on doubtful credits is expected, pending events may strengthen a credit making the amount and timing of any loss indeterminable. In these situations taking the loss is inappropriate until it is clear that the pending event has failed to strengthen the credit and improve the capacity to repay debt.

Risk Rating 9: Loss

A credit that is considered to be currently uncollectible or of such little value that it is no longer a viable Bank asset is risk rated 9. Losses should be taken in the accounting period in which the credit is determined to be uncollectible. Taking a loss does not mean that a credit has absolutely no recovery or salvage value but, rather, it is not practical or desirable to defer writing off the credit, even though partial recovery may occur in the future.

The following table shows the Company’s portfolio of risk-rated loans and non-risk-rated loans by grade or other characteristics as of March 31, 2016 and December 31, 2015 (in thousands):



	March 31, 2016
	Commercial Real Estate		Multifamily Real Estate		Construction and Land		Commercial Business		Agricultural Business		One- to Four-Family Residential		Consumer		Total Loans
Risk-rated loans:
Pass (Risk Ratings 1-5) ⁽¹⁾	$	3,074,115	$	303,562	$	617,073	$	1,182,263	$	330,929	$	902,335	$	634,494	$	7,044,771
Special mention	19,845		596		3,232		25,152		1,885		903		200		51,813
Substandard	39,317		2,861		11,825		17,500		7,536		7,481		2,886		89,406
Doubtful	—		—		—		—		—		—		9		9
Loss	—		—		—		—		—		—		—		—
Total loans	$	3,133,277	$	307,019	$	632,130	$	1,224,915	$	340,350	$	910,719	$	637,589	$	7,185,999

Performing loans	$	3,090,836	$	305,337	$	625,955	$	1,216,322	$	338,256	$	904,590	$	635,817	$	7,117,113
Purchased credit-impaired loans	38,296		1,682		3,925		7,036		1,431		286		615		53,271
Non-performing loans ⁽²⁾	4,145		—		2,250		1,557		663		5,843		1,157		15,615
Total loans	$	3,133,277	$	307,019	$	632,130	$	1,224,915	$	340,350	$	910,719	$	637,589	$	7,185,999

	December 31, 2015
	Commercial Real Estate		Multifamily Real Estate		Construction and Land		Commercial Business		Agricultural Business		One- to Four-Family Residential		Consumer		Total Loans
Risk-rated loans:
Pass (Risk Ratings 1-5) ⁽¹⁾	$	3,022,281	$	468,467	$	558,425	$	1,167,933	$	354,760	$	943,098	$	633,734	$	7,148,698
Special mention	30,928		138		2,386		25,286		17,526		1,346		22		77,632
Substandard	39,951		4,371		13,559		14,725		4,245		8,189		3,124		88,164
Doubtful	—		—		—		—		—		—		10		10
Loss	—		—		—		—		—		—		—		—
Total loans	$	3,093,160	$	472,976	$	574,370	$	1,207,944	$	376,531	$	952,633	$	636,890	$	7,314,504

Performing loans	$	3,048,424	$	470,982	$	566,460	$	1,198,475	$	374,305	$	945,968	$	636,068	$	7,240,682
Purchased credit-impaired loans	40,985		1,994		5,650		7,302		1,529		1,066		74		58,600
Non-performing loans ⁽²⁾	3,751		—		2,260		2,167		697		5,599		748		15,222
Total loans	$	3,093,160	$	472,976	$	574,370	$	1,207,944	$	376,531	$	952,633	$	636,890	$	7,314,504

⁽¹⁾

The Pass category includes some performing loans that are part of homogenous pools which are not individually risk-rated. This includes all consumer loans, all one- to four-family residential loans and, as of March 31, 2016 and December 31, 2015, in the commercial business category, $168.1 million and $150.0 million, respectively, of credit-scored small business loans. As loans in these pools become non-performing, they are individually risk-rated.


⁽²⁾	Non-performing loans include non-accrual loans and loans past due greater than 90 days and on accrual status.

The following tables provide additional detail on the age analysis of the Company’s past due loans as of March 31, 2016 and December 31, 2015 (in thousands):



	March 31, 2016
	30-59 Days Past Due		60-89 Days Past Due		90 Days or More Past Due		Total Past Due		Purchased Credit-Impaired		Current		Total Loans		Loans 90 Days or More Past Due and Accruing		Non-accrual
Commercial real estate:
Owner-occupied	$	2,906	$	362	$	526	$	3,794	$	20,135	$	1,304,105	$	1,328,034	$	—	$	1,555
Investment properties	8,484		—		2,458		10,942		18,161		1,776,140		1,805,243		—		2,590
Multifamily real estate	324		—		—		324		1,682		305,013		307,019		—		—
Commercial construction	—		—		—		—		—		87,711		87,711		—		—
Multifamily construction	—		—		—		—		—		79,737		79,737		—		—
One-to-four-family construction	3,457		—		—		3,457		901		292,990		297,348		—		—
Land and land development:
Residential	—		—		750		750		76		142,015		142,841		—		1,222
Commercial	1,027		—		—		1,027		2,948		20,518		24,493		—		1,028
Commercial business	864		469		1,251		2,584		7,036		1,215,295		1,224,915		—		1,558
Agricultural business, including secured by farmland	4,238		972		663		5,873		1,431		333,046		340,350		—		663
One- to four-family residential	2,920		27		4,485		7,432		286		903,001		910,719		1,039		4,803
Consumer:
Consumer secured by one- to four-family	1,436		115		271		1,822		229		479,539		481,590		147		743
Consumer—other	718		166		179		1,063		386		154,550		155,999		104		163
Total	$	26,374	$	2,111	$	10,583	$	39,068	$	53,271	$	7,093,660	$	7,185,999	$	1,290	$	14,325



	December 31, 2015
	30-59 Days Past Due		60-89 Days Past Due		90 Days or More Past Due		Total Past Due		Purchased Credit-Impaired		Current		Total Loans		Loans 90 Days or More Past Due and Accruing		Non-accrual
Commercial real estate:
Owner-occupied	$	3,981	$	139	$	885	$	5,005	$	24,261	$	1,298,541	$	1,327,807	$	—	$	1,235
Investment properties	1,763		132		2,503		4,398		16,724		1,744,231		1,765,353		—		2,516
Multifamily real estate	4		—		—		4		1,994		470,978		472,976		—		—
Commercial construction	—		—		—		—		—		72,103		72,103		—		—
Multifamily construction	771		13		—		784		—		63,062		63,846		—		—
One-to-four-family construction	2,466		220		—		2,686		905		274,878		278,469		—		1,233
Land and land development:
Residential	—		—		747		747		77		125,949		126,773		—		1,027
Commercial	—		96		—		96		4,668		28,415		33,179		—		—
Commercial business	1,844		174		1,024		3,042		7,302		1,197,600		1,207,944		8		2,159
Agricultural business, including secured by farmland	323		729		278		1,330		1,529		373,672		376,531		—		697
One-to four-family residential	620		873		3,811		5,304		1,066		946,263		952,633		899		4,700
Consumer:
Consumer secured by one- to four-family	465		60		38		563		40		477,817		478,420		4		565
Consumer—other	488		155		131		774		34		157,662		158,470		41		138
Total	$	12,725	$	2,591	$	9,417	$	24,733	$	58,600	$	7,231,171	$	7,314,504	$	952	$	14,270

The following tables provide additional information on the allowance for loan losses and loan balances individually and collectively evaluated for impairment at or for the three months ended March 31, 2016 and 2015 (in thousands):



	For the Three Months Ended March 31, 2016
	Commercial Real Estate			Multifamily Real Estate			Construction and Land		Commercial Business			Agricultural Business			One- to Four-Family Residential			Consumer			Unallocated			Total
Allowance for loan losses:
Beginning balance	$	20,716		$	4,195		$	27,131	$	13,856		$	3,645		$	4,732		$	902		$	2,831		$	78,008
Provision for loan losses	(842		)	(1,342		)	1,716		681			1,187			(2,574		)	2,822			(1,648		)	—
Recoveries	38			—			471		720			17			12			207			—			1,465
Charge-offs	(180		)	—			—		(139		)	(567		)	—			(390		)	—			(1,276		)
Ending balance	$	19,732		$	2,853		$	29,318	$	15,118		$	4,282		$	2,170		$	3,541		$	1,183		$	78,197



	March 31, 2016
	Commercial Real Estate		Multifamily Real Estate		Construction and Land		Commercial Business		Agricultural Business		One- to Four-Family Residential		Consumer		Unallocated		Total
Allowance for loan losses:
Individually evaluated for impairment	$	578	$	68	$	382	$	60	$	—	$	557	$	9	$	—	$	1,654
Collectively evaluated for impairment	19,144		2,784		28,881		15,058		4,282		1,613		3,529		1,183		76,474
Purchased credit-impaired loans	10		1		55		—		—		—		3		—		69
Total allowance for loan losses	$	19,732	$	2,853	$	29,318	$	15,118	$	4,282	$	2,170	$	3,541	$	1,183	$	78,197



Loan balances:
Individually evaluated for impairment	$	8,432	$	355	$	4,183	$	1,402	$	563	$	9,277	$	402	$	—	$	24,614
Collectively evaluated for impairment	3,086,549		304,982		624,022		1,216,477		338,356		901,156		636,572		—		7,108,114
Purchased credit-impaired loans	38,296		1,682		3,925		7,036		1,431		286		615		—		53,271
Total loans	$	3,133,277	$	307,019	$	632,130	$	1,224,915	$	340,350	$	910,719	$	637,589	$	—	$	7,185,999



	For the Three Months Ended March 31, 2015
	Commercial Real Estate		Multifamily Real Estate			Construction and Land		Commercial Business			Agricultural Business			One- to Four-Family Residential			Consumer			Unallocated			Total
Allowance for loan losses:
Beginning balance	$	18,784	$	4,562		$	23,545	$	12,043		$	2,821		$	8,447		$	483		$	5,222		$	75,907
Provision for loan losses	305		(161		)	745		778			1,434			(237		)	245			(3,109		)	—
Recoveries	14		—			108		178			295			6			46			—			647
Charge-offs	—		—			—		(107		)	(818		)	(75		)	(189		)	—			(1,189		)
Ending balance	$	19,103	$	4,401		$	24,398	$	12,892		$	3,732		$	8,141		$	585		$	2,113		$	75,365



	March 31, 2015
	Commercial Real Estate		Multifamily Real Estate		Construction and Land		Commercial Business		Agricultural Business		One- to Four-Family Residential		Consumer		Unallocated		Total
Allowance for loan losses:
Individually evaluated for impairment	$	643	$	84	$	808	$	78	$	3	$	925	$	65	$	—	$	2,606
Collectively evaluated for impairment	18,460		4,317		23,590		12,814		3,729		7,216		520		2,113		72,759
Purchased credit-impaired loans	—		—		—		—		—		—		—		—		—
Total allowance for loan losses	$	19,103	$	4,401	$	24,398	$	12,892	$	3,732	$	8,141	$	585	$	2,113	$	75,365



Loan balances:
Individually evaluated for impairment	$	8,958	$	1,359	$	11,573	$	725	$	289	$	16,036	$	1,145	$	—	$	40,085
Collectively evaluated for impairment	1,550,691		207,328		419,390		775,854		208,346		525,876		372,155		—		4,059,640
Purchased credit impaired loans	4,575		—		—		—		—		1,092		7		—		5,674
Total loans	$	1,564,224	$	208,687	$	430,963	$	776,579	$	208,635	$	543,004	$	373,307	$	—	$	4,105,399