-----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, D0CNrau7TsHs3mPVgTd7ljMJ3vJifKRLCbBH9mYgCMD3BuOVmQyBATgEf986fWVD pOE1EGvLOnAjqWcOVM1PbQ== 0000910195-97-000320.txt : 19971117 0000910195-97-000320.hdr.sgml : 19971117 ACCESSION NUMBER: 0000910195-97-000320 CONFORMED SUBMISSION TYPE: 10QSB PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 19970930 FILED AS OF DATE: 19971114 SROS: NASD FILER: COMPANY DATA: COMPANY CONFORMED NAME: BANK CORP OF GEORGIA CENTRAL INDEX KEY: 0000315708 STANDARD INDUSTRIAL CLASSIFICATION: STATE COMMERCIAL BANKS [6022] IRS NUMBER: 581406233 STATE OF INCORPORATION: GA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 10QSB SEC ACT: SEC FILE NUMBER: 033-98300 FILM NUMBER: 97721702 BUSINESS ADDRESS: STREET 1: 4951 FORSYTH RD CITY: MACON STATE: GA ZIP: 31210 BUSINESS PHONE: 9124774428 MAIL ADDRESS: STREET 1: 4951 FORSYTH RD CITY: MACON STATE: GA ZIP: 31210 10QSB 1 FORM 10QSB FORM 10-QSB SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D. C. 20549 [x] QUARTERLY REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended SEPTEMBER 30, 1997 OR [ ] TRANSITION REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT For the transition period from __________ to _________ Commission File Number 0-17851 Bank Corporation of Georgia ----------------------------------------------------- (Exact name of registrant as specified in its charter) Georgia 58-1406233 --------------------------- ---------------- (State or other jurisdiction (I.R.S. Employer of incorporation or organization) identification number) 4951 Forsyth Road, Macon, Georgia 31210 ---------------------------------------- (Address of principal executive offices) (912) 757-2000 ----------------------------------------------- (Issuer's telephone number, including area code) N/A --------------------------------------------------------------------- (Former name, former address, and former fiscal year, if changed since last report) Check whether the issuer (1) filed all reports required to be filed by Section 13 or 15(d) of the Exchange Act during the past 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 ISSUERS INVOLVED IN BANKRUPTCY PROCEEDINGS DURING THE PRECEDING FIVE YEARS Check whether the issuer filed all documents and reports required to be filed by Section 12, 13 or 15(d) of the Exchange Act after the distribution of securities under a plan confirmed by court. Yes / / No / / APPLICABLE ONLY TO CORPORATE ISSUERS State the number of shares outstanding of each of the issuer's classes of common equity as of September 30, 1997: 2,274,357 shares of Common Stock, $1.00 par value per share. 1 BANK CORPORATION OF GEORGIA INDEX PART I FINANCIAL INFORMATION Item 1. Financial Statements Consolidated Balance Sheets September 30, 1997, December 31, 1996 and September 30, 1996 Consolidated Statements of Income for the nine months and quarters ended September 30, 1997 and 1996 Consolidated Statements of Cash Flows for the nine months ended September 30, 1997 and 1996 Notes to Consolidated Financial Statements Item 2. Management's Discussion and Analysis PART II OTHER INFORMATION Item 1. Legal Proceedings Item 2. Changes in Securities Item 3. Defaults Upon Senior Securities Item 4. Submission of Matters to a Vote of Security Holders Item 5. Other Information Item 6. Exhibits and Reports on Form 8-K Bank Corporation of Georgia and Subsidiaries Consolidated Balance Sheets September 30, 1997 and December 31, 1996
September 30, 1997 December 31, 1996 ------------------ ----------------- Assets - ------- Cash & due from banks $ 12,244,494 15,385,724 Interest bearing deposits 750,720 18,642,250 Federal Funds sold 8,900,000 5,210,000 Investment securities: Available for sale 54,138,410 42,828,598 Held to maturity 999,933 1,088,719 ------------- ------------ Total investment securities 55,138,343 43,917,317 ------------- ------------ Loans 201,845,209 190,169,408 Less: Unearned discount (474,225) (736,360) Allowance for loan losses (3,014,876) (2,849,340) ------------- ------------ Loans, net 198,356,108 186,583,708 ------------- ------------ Bank premises and equipment 9,043,014 9,801,980 Accrued interest receivable 2,725,255 2,333,047 Goodwill 1,279,429 1,323,231 Other assets 4,348,150 7,057,065 ------------- ------------ $ 292,785,513 290,254,322 ============= ============ Liabilities and Stockholders' Equity - ------------------------------------ Deposits: Demand 45,681,800 44,709,405 NOW and money market accounts 89,501,822 79,417,686 Savings 8,656,740 9,405,878 Time 114,902,129 125,165,463 ----------- ----------- Total deposits 258,742,491 258,698,432 ------------- ------------ Other liabilities 3,116,050 3,333,327 Long-term debt 1,500,000 1,500,000 ------------- ------------ Total liabilities 263,358,541 263,531,759 ------------- ------------ Stockholders' equity: Common stock, $1 par value, 3,000,000 shares authorized, 2,291,124 and 2,284,864 shares issued, respectively 2,291,124 2,284,864 Additional paid in capital 6,238,180 6,170,157 Retained earnings 20,956,980 18,286,889 Net unrealized gain on securities-AFS 248,797 288,689 Treasury Stock, at cost, 16,767 shares (111,540) (111,540) Unearned ESOP shares (196,496) (196,496) ------------- ------------ Total stockholders' equity 29,426,972 26,722,563 ------------- ------------ $ 292,785,513 290,254,322 ============= ============
Bank Corporation of Georgia and Subsidiaries Consolidated Balance Sheets September 30, 1997 and September 30, 1996
September 30, 1997 September 30, 1996 ------------------ ------------------ Cash & due from banks $ 12,244,494 10,941,425 Interest bearing deposits 750,720 0 Federal Funds sold 8,900,000 16,684,500 Investment securities: Available for sale 54,138,410 42,582,714 Held to maturity 999,933 1,088,103 ------------- ------------ Total investment securities 55,138,343 43,670,817 ------------- ------------ Loans 201,845,209 196,083,065 Less: Unearned discount (474,225) (809,686) Allowance for loan losses (3,014,876) (2,928,729) ------------- ------------ Loans, net 198,356,108 192,344,650 ------------- ------------ Bank premises and equipment 9,043,014 9,885,762 Accrued interest receivable 2,725,255 1,738,443 Goodwill 1,279,429 949,586 Other assets 4,348,150 7,160,125 ------------- ------------ $ 292,785,513 283,375,308 ============= ============ Liabilities and Stockholders' Equity - ------------------------------------ Deposits: Demand $ 45,681,800 43,160,819 NOW and money market accounts 89,501,822 72,915,416 Savings 8,656,740 10,199,449 Time 114,902,129 126,666,838 ------------- ------------ Total deposits 258,742,491 252,942,522 ------------- ------------ Other liabilities 3,116,050 2,084,158 Other borrowed money 0 700,000 Long-term debt 1,500,000 1,500,000 ------------- ------------ Total liabilities 263,358,541 257,226,680 ------------- ------------ Stockholders' equity: Common stock, $1 par value, 3,000,000 shares authorized, 2,291,124 and 2,281,791 shares issued, respectively 2,291,124 2,281,791 Additional paid in capital 6,238,180 6,200,513 Retained earnings 20,956,908 17,856,874 Net unrealized gain on securities-AFS 248,797 191,799 Treasury Stock, at cost, 16,767 shares (111,540) (111,540) Unearned ESOP shares (196,496) (270,809) ------------- ------------ Total stockholders' equity 29,426,972 26,148,628 ------------- ------------ $ 292,785,513 283,375,308 =============== ============
Bank Corporation of Georgia Consolidated Statements of Earnings For the nine months ended September 30, 1997 and September 30, 1996
Nine Months Ended Nine Months Ended September 30, 1997 September 30, 1996 ------------------ ------------------ Interest income: Interest and fees on loans $ 15,634,219 15,289,812 Interest on federal funds sold 939,074 717,907 Interest on investment securities 2,715,426 2,358,689 -------------- ----------- Total interest income 19,288,719 18,366,408 -------------- ----------- Interest expense: Interest on NOW and money market accounts 2,400,783 1,615,208 Interest on savings and time deposits 5,157,767 5,607,880 Other borrowings 107,706 401,689 -------------- ----------- Total interest expense 7,666,256 7,624,777 -------------- ----------- Net interest income 11,622,463 10,741,631 Provision for possible loan losses 255,300 373,000 -------------- ----------- Net interest income after provision for possible loan losses 11,367,163 10,368,631 -------------- ----------- Other operating income: Service charge on deposit accounts 1,208,483 1,165,165 Securities gains (losses) 0 (6,581) Mortgage origination fees 727,774 120,889 Other 835,688 764,129 -------------- ----------- Total other operating income 2,771,945 2,043,602 -------------- ----------- Other operating expenses: Salaries and employee benefits 5,841,383 4,915,193 Occupancy and equipment 1,718,076 1,319,929 Other operating expense 3,027,053 3,023,377 -------------- ----------- Total operating expenses 10,586,512 9,258,499 -------------- ----------- Earnings before income taxes and minority interests 3,552,596 3,153,734 Income tax expense 883,434 674,009 -------------- ----------- Earnings before minority interests 2,669,162 2,479,725 Minority interests 0 46,913 -------------- ----------- Net earnings $ 2,669,162 2,432,812 ============== =========== Net earning per share: Primary $ 1.10 1.10 Fully diluted $ 1.09 1.10 Weighted average: Primary 2,433,602 2,215,415 Fully diluted 2,444,612 2,212,629 /TABLE Bank Corporation of Georgia and Subsidiaries Consolidated Statements of Earnings For the three months ended September 30, 1997 and September 30, 1996
Three Months Ended Three Months Ended September 30, 1997 September 30, 1996 ------------------ ------------------- Interest income: Interest and fees on loans $ 5,353,686 5,215,706 Interest on federal funds sold 186,275 414,542 Interest on investment securities 947,762 792,983 ------------- --------- Total interest income 6,487,723 6,423,231 ------------- --------- Interest expense: Interest on NOW and money market accounts 827,122 607,807 Interest on savings and time deposits 1,686,733 1,913,734 Other borrowings 12,763 342,675 ------------- --------- Total interest expense 2,526,618 2,864,216 ------------- --------- Net interest income 3,961,105 3,559,015 Provision for possible loan losses 46,500 111,000 ------------- --------- Net interest income after provision for possible loan losses 3,914,605 3,448,015 ------------- --------- Other operating income: Service charge on deposit accounts 477,628 393,652 Mortgage origination fees 294,222 134,622 Other 402,686 313,434 ------------- --------- Total other operating income 1,174,536 841,708 ------------- --------- Other operating expenses: Salaries and employee benefits 2,032,324 1,755,606 Occupancy and equipment 488,933 511,523 Other operating expense 953,739 797,278 ------------- --------- Total operating expenses 3,474,996 3,064,407 ------------- --------- Earnings before income taxes 1,614,145 1,225,316 Income tax expense 563,000 458,700 ------------- --------- Net earnings $ 1,051,145 766,616 ============= ========= Net earning per share: Primary $ 0.43 0.34 Fully diluted $ 0.43 0.34 Weighted average: Primary 2,441,133 2,264,656 Fully diluted 2,445,950 2,261,808
Bank Corporation of Georgia Consolidated Statements of Cash Flows For the nine months ended September 30, 1997 and September 30, 1996
Nine Months Ended Nine Months Ended September 30, 1997 September 30, 1996 ------------------- -------------------- Cash flows from operating activities: Net income 2,669,162 $2,432,812 Adjustments to reconcile net earnings to net cash provided by operating activities: Depreciation 596,055 528,042 Amortization and accretion, net (40,914) (93,132) Minority interests in earnings (loss) of subsidiary 0 46,913 Provision for loan losses 255,300 373,000 Gain on sale of premises and equipment (148,104) 0 Loss on sale of investment securities 0 6,581 Change in: Other assets 2,290,315 (808,936) Other liabilities (217,277) (789,027) --------- --------- Net cash flows provided by operating activities 5,404,537 1,696,253 --------- --------- Cash flows from investing activities: Proceeds from maturities of securities AFS 4,546,773 3,138,586 Proceeds from maturities of securities HTM 90,000 0 Proceeds from sales of securities AFS 0 9,578,063 Purchase of securities AFS (15,786,583) (16,993,532) Net increase in loans (12,027,700) (14,828,040) Proceeds from sales of premises and equipment 857,840 0 Purchases of premises and equipment ( 546,825) (2,490,045) ----------- ------------ Net cash flows used in investing activities (22,866,495) (21,594,968) ----------- ----------- Cash flows from financing activities: Net increase in deposits 44,058 28,725,783 Repayment of other borrowings 0 (13,200,000) Proceeds from other borrowings 0 6,800,000 Dividends paid 0 0 Purchase of treasury stock 0 (109,819) Proceeds from issuance of common stock 75,140 21,701 --------- --------- Net cash flows provided by financing activities 119,198 22,237,265 ---------- ---------- Net change in cash and cash equivalents (17,342,760) 2,338,950 ----------- ---------- Cash and cash equivalents at beginning of period 39,237,974 25,286,975 ----------- ---------- Cash and cash equivalents at end of period 21,895,214 27,625,925 =========== ==========
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS The financial statements included herein have been prepared by Bank Corporation of Georgia (BCG), without audit, pursuant to the rules and regulations of the Securities and Exchange Commission. Certain information and footnote disclosures normally included in financial statements prepared in accordance with generally accepted accounting principles have been condensed or omitted pursuant to such rules and regulations, although BCG believes that the disclosures contained herein are adequate to make the information presented not misleading. In the opinion of management, the information furnished in the condensed consolidated financial statements reflects all adjustments which are ordinary in nature and necessary to present fairly BCG's financial position, results of operations and changes in financial position for such interim period. These financial statements should be read in conjunction with BCG's financial statements and the notes thereto as of December 31, 1996, included in BCG's annual report on Form 10-KSB for the year ended December 31, 1996. Bank Corporation of Georgia is a bank holding company whose business is primarily conducted by its wholly-owned banking subsidiaries First South Bank, N. A. ("FSB") and Ameribank, N. A. ("Ameribank"). The accounting principles followed by Bank Corporation of Georgia and its subsidiaries, and the methods of applying those principles conform with generally accepted accounting principles and with general practices within the banking industry, where applicable. BCG's consolidated financial statements include the accounts of the parent company and its subsidiaries. All significant intercompany accounts and transactions have been eliminated in consolidation. There are statutory and regulatory requirements applicable to payment of dividends by the Banks as well as by BCG to its shareholders. A dividend of $0.10 per common share was declared on August 20, 1997, for shareholders of record on September 15, 1997 payable October 1, 1997. As part of the overall interest rate risk management, BCG uses interest rate swaps and interest rate floors. These contracts are designated by the Company as hedges of interest rate exposures, and interest income or expense derived from these contracts is recorded over the life of the contract as an adjustment to interest income or expense. MANAGEMENT'S DISCUSSION AND ANALYSIS Earnings Summary ---------------- Net income for the first nine months of 1997 was $2,669,000 or $1.10 per share, compared to $2,433,000 or $1.10 per share for the same period in 1996. Net income for the quarter ended September 30, 1997 was $1,051,000 or $0.43 per share compared to $766,000 or $0.34 per share for the same period in 1996. Net interest income for the nine months ended September 30, 1997 increased $999,000 or 9.6 percent over the same period in 1996. Net interest income for the quarter ended September 30, 1997 increased $402,000 or 11.3 percent over the same period in 1996. These changes are primarily due to increasing levels in net interest earning assets, as well as a continued shift in the deposit mix from time deposits to demand deposits. The net interest margin, as a percentage of average earning assets, decreased to 5.74 percent for the first nine months of 1997 as compared to 5.75 percent for the same period in 1996. For the quarter ended September 30, 1997, the net interest margin as a percent of interest earning assets was 5.87 percent versus 5.58 percent for the same period in 1996. Non-interest income for the nine month period ended September 30, 1997 increased $728,000 or 35.6 percent from 1996 to 1997. Non-interest income for the quarter ended September 30, 1997 increased by $333,000 or 39.5 percent over the same period in 1996. The increase was primarily the result of increasing mortgage origination fees as well as brokerage commissions. Non-interest expense increased by $1,328,000 in the first nine months of 1997 from the same period in 1996, an increase of 14.4 percent. Non- interest expense increased by $411,000 during the quarter ended September 30, 1997, an increase of 13.4 percent over the same period in 1996. These increases were primarily due to an increase in salaries and employee benefits over the same periods in 1996. In addition, BCG, FSB and Ameribank recorded charges of $359,000 in the quarter ending June 30, 1997 for the early termination of data processing contracts and related equipment. For the first nine months of 1997, return on equity was 12.7 percent on an annualized basis versus 13.1 percent for the same period a year earlier. For the quarter ended September 30, 1997, return on equity was 14.5 percent on an annualized basis versus 11.9 percent for the same period in 1996. These decreases in return on equity were primarily due to the second quarter charges discussed above. Return on equity, before the special charges was 14.0 percent for the nine month period ended September 30, 1997. Due to the dependence on data processing and management information, the company has assembled a management advisory team to study the effects of "year 2000" issues. Management does not believe that any modifications will be of a material nature to the company's operations. Risk Elements ------------- The allowance for loan losses at September 30, 1997 was $3,015,000 or 5.8 percent and 2.9 percent higher than at December 31, 1996 and September 30, 1996, respectively. At September 30, 1997, the allowance represented 1.49 percent of total loans as compared with 1.50 percent at December 31, 1996 and 1.49 percent at September 30, 1996. At September 30, 1997 non- performing loans represented 0.38% of total loans as compared with 0.39% at December 31, 1996 and 0.19% at September 30, 1996. The allowance for loan losses as a percentage of non-performing loans was 394% at September 30, 1997 as compared with 393% at December 31, 1996 and 769% at September 30, 1996. Capital Resources ----------------- Shareholders' equity of $29,427,000 at September 30, 1997 increased 11.1 percent over the same period in 1996 resulting in book value per outstanding common of share of $12.84 compared to $11.69 at December 31, 1996 and $11.46 at September 30, 1996. Capital for BCG is above regulatory requirements, with GAAP equity of 10.1 percent of total assets at September 30, 1997. The increases in shareholders' equity were primarily the result of earnings. Set forth below are pertinent capital ratios for the Company and the Banks as of September 30, 1996:
FSB Ameribank BCG --- --------- --- Minimum Capital Requirement Tier 1 Capital to Risk-based Assets: 4.00% 11.94% 13.66% 12.67% Total Capital to Risk-based Assets: 8.00% 13.11% 14.91% 13.91% Leverage Ratio (Tier 1 Capital to Total Assets): 3.00% 8.97% 9.43% 9 .28% _______________________ Minimum for "Well Capitalized" Banks = 6% Minimum for "Well Capitalized" Banks = 10% Minimum for "Well Capitalized" Banks = 5% /TABLE Liquidity and Interest Rate Sensitivity - --------------------------------------- Liquidity management involves the ability to meet cash flow requirements of customers who may be depositors making withdrawals or borrowers needing credit funding. BCG's cash flows are generated from interest and fee income, as well as from loan repayments, deposit acquisition, and maturities or sales of investments. BCG's liquidity needs are provided for primarily through short-term securities, and the maturing of loans. Federal funds sold represent the BCG's primary source of immediate liquidity and were maintained at a level adequate to meet immediate needs. Federal funds averaged $23,346,000 and $16,391,000 for the nine months ended September 30, 1997 and 1996, respectively. Federal funds averaged $15,795,000 and $9,193,000 and for the three months ended September 30, 1997 and 1996, respectively. Maturities in BCG's loan and investment portfolios are monitored regularly to avoid matching short-term deposits with long-term loans and investments. Other assets and liabilities are also monitored to provide the proper balance between liquidity, safety, and profitability. This monitoring process must be continuous due to the constant flow of cash which is inherent in a financial institution. BCG manages its liquidity through the volatility of its deposits and patterns in loan demand, its current liquidity position, its ability to control funding needs and potential sources of funds. As part of managing liquidity, the Company monitors its loan to deposit ratio on a daily basis. The target ratio is 85 percent. At September 30, 1997 the ratio was 78.73 percent. BCG experienced a net decrease in cash and cash equivalents, its primary source of liquidity, of $17,343,000 during the first nine months of 1997. Operating activities provided $5,405,000 of funds. Adjustments to net income for non-cash expenses of depreciation, amortization, and provision for loan losses are included in this amount as a net provision of funds. Investing activities used $22,866,000 of funds, primarily due to an increase in loans and purchases of investment securities during the nine month period. Financing activities provided net cash of $119,000 due to an increase in deposit accounts during the nine months ended September 30, 1997. AUTHORITATIVE STATEMENTS ------------------------ During 1997, the Financial Accounting Standards Board has issued Statement of Financial Accounting Standards No. 128, "Earnings Per Share" (SFAS 128). SFAS 128 supersedes APB Opinion 15. SFAS 128 simplifies current standards by eliminating the presentation of primary EPS and requiring the presentation of basic EPS, which includes no potential common shares and thus no dilution. The Statement also requires entities with complex capital structures to present basic and diluted EPS on the face of the income statement and also eliminates the modified treasury stock method of computing potential common shares. The Statement is effective for financial statements issued for periods ending after December 15, 1997, including interim periods. Early application is not permitted. On adoption, restatement of all prior-period EPS data presented is required. Presently, BCG is unable to determine the impact that adoption of SFAS 128 will have on the consolidated financial statements, but management anticipates that the impact will not be material. In January 1997, the Securities and Exchange Commission approved rule amendments (the Release) regarding disclosures about derivative financial instruments, other financial instruments and derivative commodity instruments. The Release requires inclusion in the footnotes to the financial statements of extensive detail about the accounting policies followed by a registrant in connection with its accounting for derivative financial instruments and derivative commodity instruments. The accounting policy requirements become effective for all registrants for filings that include financial statements for periods ending after June 15, 1997. PART II. OTHER INFORMATION Item 1. Legal Proceedings ----------------- Item 2. Changes in Securities - --------------------- Item 3. Defaults Upon Senior Securities - ------------------------------- Item 4. Submission of Matters to a Vote of Security Holders - --------------------------------------------------- Item 5. Other Information - Bank Corporation and its ----------------- subsidiary, First South Bank N.A. have entered into an agreement dated September 2, 1997 to sell the assets and liabilities of FSB's Wrightsville, Georgia branch. As of September 30, 1997 the branch had approximately $3,500,000 in loans and approximately $18,500,000 in deposit liabilities. It is expected that the sale of these assets and liabilities will close prior to the year end. Item 6. Exhibits and Reports on Form 8-K Exhibit 27 - Financial Data Schedule (for SEC use only) 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. Date: November 14, 1997 BANK CORPORATION OF GEORGIA /s/ Dennis J. Zember, Jr. Dennis J. Zember Jr., CPA V. P. Finance (Principal Financial Officer and Principal Accounting Officer) EX-27 2 FINANCIAL DATA SCHEDULE
9 0000315708 BANK CORPORATION OF GEORGIA 9-MOS DEC-31-1997 JAN-01-1997 SEP-30-1997 12,244,494 750,720 8,900,000 0 54,138,410 999,933 993,280 201,845,209 3,014,876 292,785,513 258,742,490 0 3,116,050 1,500,000 0 0 2,281,124 27,135,848 292,785,513 15,634,219 2,715,426 939,074 19,288,719 7,558,550 7,666,256 11,622,463 255,300 0 10,586,512 3,552,596 3,552,596 0 0 2,669,162 1.10 1.09 5.74 388,000 378,000 0 0 2,849,340 235,333 145,569 3,014,876 3,014,876 0 0
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