<PAGE>
SECURITIES AND EXCHANGE COMMISSION
----------------------------------
WASHINGTON, D.C. 20549
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FORM 10-Q/A
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QUARTERLY REPORT UNDER SECTION 13 OR 15(d) OF
THE SECURITIES EXCHANGE ACT OF 1934
For the Quarter Ended September 30, 1998 Commission File No. 1-12811
U.S.B. HOLDING CO., INC.
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(Exact name of registrant as specified in its charter)
DELAWARE 36-3197969
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(State or other jurisdiction of (I.R.S. Employer
incorporation or organization) Identification No.)
100 DUTCH HILL ROAD, ORANGEBURG, NEW YORK 10962
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(Address of principal executive office with zip code)
914-365-4600
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(Registrant'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 and (2) has been subject to such filing requirements for
the past 90 days.
YES /X/ NO
Indicate the number of shares outstanding of each of the issuer's classes of
common stock, as of the latest practicable date.
<TABLE>
<CAPTION>
CLASS OUTSTANDING AT NOVEMBER 4, 1998
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<S> <C>
Common stock, par value
$0.01 per share 14,392,513
</TABLE>
<PAGE>
FORM 10Q/A FOR THE QUARTER ENDED SEPTEMBER 30, 1998 INCLUDES A RESTATED
FINANCIAL DATA SCHEDULE (EXHIBIT 27) WITH PRIOR PERIOD INFORMATION RELATING TO
THE ACQUISITION OF TAPPAN ZEE FINANCIAL, INC. BY U.S.B. HOLDING CO., INC., WHICH
WAS COMPLETED ON AUGUST 31, 1998.
1
<PAGE>
PART II - OTHER INFORMATION
U.S.B. HOLDING CO., INC.
<TABLE>
<CAPTION>
ITEM 6. EXHIBITS AND REPORTS ON FORM 8-K
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(A) Exhibits
Exhibit No. Exhibit
- ----------- -------
(3)(a) Amended and restated Certificate of Incorporation, as amended,
of Registrant (incorporated herein by reference to Registrant's
Quarterly Report on Form 10-Q for the quarter ended June 30,
1998, Exhibit (3)(a)).
(3)(b) Bylaws of Registrant (incorporated herein by reference from
Registrant's Registration Statement on Form S-14 (file no.
2-79734), Exhibit 3(b)).
(4)(a) Junior Subordinated Indenture, dated February 5, 1997, between
Registrant and The Chase Manhattan Bank, as trustee
(incorporated herein by reference to Registrant's Annual Report
on Form 10-K for the year ended December 31, 1996 ("1996 10-K"),
Exhibit (4)(a)).
(4)(b) Guarantee Agreement, dated February 5, 1997, by and between
Registrant and The Chase Manhattan Bank, as trustee for the
holders of 9.58% Capital Securities of Union State Capital Trust
I (incorporated herein by reference to Registrant's 1996 10-K,
Exhibit (4)(b)).
(4)(c) Amended and Restated Declaration of Trust of Union State Capital
Trust I (incorporated herein by reference to Registrant's 1996
10-K, Exhibit (4)(c)).
(10)(a) Agreement of Employment dated as of July 1, 1994 between the
Company and the Bank and Thomas E. Hales (incorporated herein by
reference to Registrant's Annual Report on Form 10-K for the
year ended December 31, 1994, Exhibit (10)(a)).
(10)(b) Registrant's 1984 Incentive Stock Option Plan (incorporated
herein by reference from Form S-8 Registration Statement, file
No. 2-90674, Exhibit 28 (b)).
(10)(c) Registrant's 1993 Incentive Stock Option Plan (incorporated
herein by reference from Registrant's Annual Report on Form 10-K
for the year ended December 31, 1993 ("1993 10-K"), Exhibit
(10)(c)).
(10)(d) Registrant's Employee Stock Ownership Plan (With Code Section
401(k) Provisions) (incorporated herein by reference from
Registrant's 1993 10-K, Exhibit (10)(d)).
</TABLE>
2
<PAGE>
<TABLE>
<CAPTION>
ITEM 6. EXHIBITS AND REPORTS ON FORM 8-K
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<S> <C>
(A) Exhibits
Exhibit No. Exhibit
- ----------- -------
(10)(e) Registrant's Dividend Reinvestment and Stock Purchase Plan
(incorporated herein by reference from Registrant's Form S-3
Registration Statement, file No. 33-72788).
(10)(f) Registrant's Director Stock Option Plan (incorporated herein by
reference to Registrant's 1996 10-K, Exhibit (10)(f)).
(10)(g) Registrant's Key Employees' Supplemental Investment Plan, as
amended July 1, 1997 (incorporated herein by reference to
Registrant's Form 11-K for the year ended December 31, 1996).
(10)(h) Purchase Agreement, dated January 31, 1997, by and among
Registrant, Union State Capital Trust I and Keefe, Bruyette &
Woods, Inc. (incorporated herein by reference to Registrant's
1996 10-K, Exhibit (10)(h)).
(10)(i) Registration Rights Agreement, dated February 5, 1997, by and
among Registrant, Union State Capital Trust I and Keefe,
Bruyette & Woods, Inc. (incorporated herein by reference to
Registrant's 1996 10-K, Exhibit (10)(i)).
(10)(j) Registrant's 1997 Employee Stock Option Plan (incorporated
herein by reference to Registrant's proxy statement filed April
18, 1997).
(10)(k) Agreement and Plan of Merger, dated as of March 6, 1998, between
U.S.B. Holding Co., Inc. and Tappan Zee Financial, Inc.
(incorporated herein by reference to Registrant's Current Report
on Form 8-K dated as of March 6, 1998).
(10)(l) Stock Option Agreement, dated as of March 6, 1998, between
U.S.B. Holding Co., Inc. and Tappan Zee Financial, Inc.
(incorporated herein by reference to Registrant's Current Report
on Form 8-K dated as of March 6, 1998).
(10)(m) Registrant's 1998 Director Stock Option Plan (incorporated
herein by reference from Registrant's Registration Statement on
Form S-8 filed June 5, 1998, Exhibit (10)(d)).
(10)(n) Tappan Zee Financial, Inc. 1996 Stock Option Plan for Officers
and Employees ("Employee Option Plan") (incorporated herein by
reference to Exhibit A to Tappan Zee Financial, Inc.'s Proxy
Statement for use in connection with its 1996 Annual Meeting of
Shareholders (the "Tappan Zee 1996 Proxy Statement").
(10)(o) Amendment No. 1 to the Employee Option Plan (incorporated herein
by reference to Tappan Zee Financial, Inc.'s Annual Report on
Form 10-K for the fiscal year ended March 31, 1997 (the "Tappan
Zee 1997 10-K"), Exhibit 10.1.1).
</TABLE>
3
<PAGE>
<TABLE>
<CAPTION>
ITEM 6. EXHIBITS AND REPORTS ON FORM 8-K
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<S> <C>
(A) Exhibits
Exhibit No. Exhibit
- ----------- -------
(10)(p) Amendment No. 2 to the Employee Option Plan (incorporated herein
by reference to Exhibit A to Tappan Zee Financial, Inc.'s Proxy
Statement for use in connection with its 1997 Annual Meeting of
Shareholders (the " Tappan Zee 1997 Proxy Statement").
(10)(q) Tappan Zee Financial, Inc. 1996 Stock Option Plan for Outside
Directors ("Outside Director Option Plan") (incorporated herein
by reference to Exhibit B to the Tappan Zee 1996 Proxy
Statement).
(10)(r) Amendment No. 1 to the Outside Director Option Plan
(incorporated herein by reference to the Tappan Zee 1997 10-K,
Exhibit 10.2.1).
(10)(s) Amendment No. 2 to the Outside Director Option Plan
(incorporated herein by reference to Exhibit B to the Tappan Zee
1997 Proxy Statement).
(10)(t) Tappan Zee Financial, Inc. 1996 Recognition and Retention Plan
for Officers and Employees ("Employee RRP") (incorporated herein
by reference to Exhibit C to the Tappan Zee 1996 Proxy
Statement).
(10)(u) Amendment No. 1 to the Employee RRP (incorporated herein by
reference to the Tappan Zee 1997 10-K, Exhibit 10.3.1 ).
(10)(v) Amendment No. 2 to the Employee RRP (incorporated herein by
reference to Exhibit C to the Tappan Zee 1997 Proxy Statement).
(10)(w) Tappan Zee Financial, Inc. 1996 Recognition and Retention Plan
for Outside Directors ("Outside Director RRP") (incorporated
herein by reference to Exhibit D to the Tappan Zee 1996 Proxy
Statement).
(10)(x) Amendment No. 1 to the Outside Director RRP (incorporated herein
by reference to the Tappan Zee 1997 10-K, Exhibit 10.4.1).
(10)(y) Amendment No. 2 to the Outside Director RRP (incorporated herein
by reference to Exhibit D to the Tappan Zee 1997 Proxy
Statement).
(10)(z) Employee Stock Ownership Plan of Tappan Zee Financial, Inc. and
Certain Affiliates, as amended (incorporated herein by reference
to Tappan Zee Financial Inc.'s Annual Report on Form 10-K for
the fiscal year ended March 31, 1996 (the "Tappan Zee 1996
10-K"), Exhibit 10.6).
(10)(aa) Loan Agreement to the Employee Stock Ownership Plan Trust of
Tappan Zee Financial, Inc. and Certain Affiliates (incorporated
herein by reference to the Tappan Zee 1996 10-K, Exhibit 10.7).
</TABLE>
4
<PAGE>
<TABLE>
<CAPTION>
ITEM 6. EXHIBITS AND REPORTS ON FORM 8-K
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(A) Exhibits
Exhibit No. Exhibit
- ----------- -------
(10)(bb) Tarrytowns Bank Deferred Compensation Plan for Directors of
Tarrytowns Bank, FSB (Incorporated herein by reference to the
Registration Statement on Form S-1, No. 33-94128, filed on June
30, 1995, as amended (the "Tappan Zee Registration Statement"),
Exhibit 10.7).
(10)(cc) Retirement Plan for Board Members of Tappan Zee Financial, Inc.
and Certain Affiliates, adopted effective as of October 5, 1995
(incorporated herein by reference to the 1996 10-K, Exhibit
10.9).
(10)(dd) Consulting Agreement by and between Tarrytowns Bank, FSB and
Stephen C. Byelick, dated effective as of August 31, 1998.*
(10)(ee) Employment Agreement by and between Tarrytowns Bank, FSB and
Harry G. Murphy, dated effective as of August 31, 1998.*
(10)(ff) Employee Retention Agreement by and among Tappan Zee Financial,
Inc. Tarrytowns Bank, FSB and Christina Vidal, effective as of
October 5, 1995 (incorporated herein by reference to the 1996
10-K, Exhibit 10.15).
(10)(gg) Employee Retention Agreement by and among Tappan Zee Financial,
Inc., Tarrytowns Bank, FSB and Margaret E. Sampson, effective as
of October 5, 1995 (incorporated herein by reference to the
Tappan Zee 1996 10-K, Exhibit 10.16).
(10)(hh) Employee Retention Agreement by and among Tappan Zee Financial,
Inc., Tarrytowns Bank, FSB and Valerie Wilson, effective as of
October 5, 1995 (incorporated herein by reference to the Tappan
Zee 1996 10-K, Exhibit 10.17).
(10)(ii) Forms of Stock Option Agreement by and between Tappan Zee
Financial, Inc. and recipients of stock options granted pursuant
to the Employee Option Plan and the Outside Director Option Plan
(incorporated herein by reference to the Tappan Zee 199710-K,
Exhibit 10.16).
(10)(jj) Forms of Restricted Stock Award Notices to award recipients,
pursuant to the Employee RRP and the Outside Director RRP
(incorporated herein by reference to the Tappan Zee 1997 10-K,
Exhibit 10.17).
(11) Computation of earnings per share.*
(27) Financial Data Schedule.**
</TABLE>
* Previously filed with Form 10-Q on November 13, 1998.
** Filed Herewith.
5
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<TABLE>
<CAPTION>
ITEM 6. EXHIBITS AND REPORTS ON FORM 8-K
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<S> <C>
(B) Reports on Form 8-K
The following reports on Form 8-K were filed during the quarter
ended September 30, 1998:
- Current report on Form 8-K dated as of July 16, 1998 reported
under item 5, "Other Events," that the Company issued a
press release reporting certain operating results for the
Company for the quarter ended June 30, 1998.
- Current reports on Form 8-K dated as of August 19 and 20, 1998
reported under item 5, "Other Events," that the Company
issued a press release on August 19, 1998 reporting that it
had received approval for its acquisition of Tappan Zee
Financial, Inc. from the Board of Governors of the Federal
Reserve Bank, and issued a press release on August 20, 1998
reporting that it received approval for the acquisition by
the Office of Thrift Supervision and by the shareholders of
Tappan Zee.
- Current report on Form 8-K dated as of August 31, 1998
reported under Item 5, "Other Events," that a press release
was issued announcing that the Company had completed its
acquisition of Tappan Zee Financial, Inc.
</TABLE>
SIGNATURES
Pursuant to the requirements of the Securities and Exchange Act of 1934, the
Registrant has duly caused this report to be signed on its behalf by the
undersigned thereunto duly authorized, on January 22, 1999.
U.S.B. HOLDING CO., INC.
/s/ Thomas E. Hales /s/ Steven T. Sabatini
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Thomas E. Hales Steven T. Sabatini
Chairman of the Board, President, Senior Executive Vice President,
Chief Executive Officer and Director Chief Financial Officer and
Assistant Secretary
(Principal Financial and
Accounting Officer)
6
<TABLE> <S> <C>
<PAGE>
<ARTICLE> 9
<S> <C> <C> <C> <C>
<C>
<PERIOD-TYPE> 9-MOS 6-MOS 3-MOS 9-MOS
6-MOS
<FISCAL-YEAR-END> DEC-31-1998 DEC-31-1998 DEC-31-1998 DEC-31-1997
DEC-31-1997
<PERIOD-START> JAN-01-1998 JAN-01-1998 JAN-01-1998 JAN-01-1997
JAN-01-1997
<PERIOD-END> SEP-30-1998 JUN-30-1998 MAR-31-1998 SEP-30-1997
JUN-30-1997
<CASH> 22,707 25,332 21,897 32,245
28,651
<INT-BEARING-DEPOSITS> 2,020 1,295 2,401 1,486
1,194
<FED-FUNDS-SOLD> 33,496 5,500 24,500 22,800
20,900
<TRADING-ASSETS> 0 0 0 0
0
<INVESTMENTS-HELD-FOR-SALE> 373,409 361,036 321,909 257,506
274,917
<INVESTMENTS-CARRYING> 66,610 110,535 106,291 152,583
127,671
<INVESTMENTS-MARKET> 70,034 113,528 109,628 155,681
129,841
<LOANS> 695,760 672,394 646,665 604,310
595,970
<ALLOWANCE> 9,002 8,800 8,535 7,997
7,626
<TOTAL-ASSETS> 1,236,043 1,240,466 1,160,623 1,105,664
1,082,643
<DEPOSITS> 965,352 1,005,993 957,883 901,339
880,471
<SHORT-TERM> 10,000 42,000 20,000 64,277
76,459
<LIABILITIES-OTHER> 14,203 11,205 12,546 8,668
7,194
<LONG-TERM> 130,711 69,362 63,653 29,223
19,721
0 0 0 0
0
0 0 0 0
0
<COMMON> 146 143 71,173 39,963
40,012
<OTHER-SE> 95,494 91,626 15,231 42,057
38,649
<TOTAL-LIABILITIES-AND-EQUITY> 1,236,043 1,240,466 1,160,623 1,105,664
1,082,643
<INTEREST-LOAN> 43,399 28,613 14,073 38,968
25,572
<INTEREST-INVEST> 22,928 15,097 7,356 19,095
11,970
<INTEREST-OTHER> 1,074 656 361 869
625
<INTEREST-TOTAL> 67,401 44,366 21,790 58,932
38,167
<INTEREST-DEPOSIT> 29,249 19,594 9,547 25,702
16,573
<INTEREST-EXPENSE> 35,518 23,466 11,519 30,633
19,539
<INTEREST-INCOME-NET> 31,883 20,900 10,271 28,299
18,628
<LOAN-LOSSES> 931 620 310 2,002
1,481
<SECURITIES-GAINS> 1,091 1,059 373 795
526
<EXPENSE-OTHER> 24,840 13,720 6,461 17,956
11,803
<INCOME-PRETAX> 10,167 9,455 4,783 12,025
7,821
<INCOME-PRE-EXTRAORDINARY> 10,167 9,455 4,783 12,025
7,821
<EXTRAORDINARY> 0 0 0 0
0
<CHANGES> 0 0 0 0
0
<NET-INCOME> 8,549 8,539 3,285 8,287
5,341
<EPS-PRIMARY> 0.61 0.61 0.24 0.59
0.38
<EPS-DILUTED> 0.57 0.56 0.21 0.55
0.35
<YIELD-ACTUAL> 0 0 0 0
0
<LOANS-NON> 4,941 5,155 6,794 9,065
8,588
<LOANS-PAST> 613 407 250 332
740
<LOANS-TROUBLED> 494 498 501 984
1,222
<LOANS-PROBLEM> 1,020 452 100 480
500
<ALLOWANCE-OPEN> 8,260 8,260 8,260 6,402
6,402
<CHARGE-OFFS> 262 122 48 502
300
<RECOVERIES> 73 51 23 75
43
<ALLOWANCE-CLOSE> 9,002 8,800 8,535 7,977
7,626
<ALLOWANCE-DOMESTIC> 9,002 8,800 8,535 7,977
7,626
<ALLOWANCE-FOREIGN> 0 0 0 0
0
<ALLOWANCE-UNALLOCATED> 0 0 0 0
0
</TABLE>
<TABLE> <S> <C>
<PAGE>
<ARTICLE> 9
<S> <C> <C> <C> <C>
<PERIOD-TYPE> 3-MOS 3-MOS 3-MOS 3-MOS
<FISCAL-YEAR-END> DEC-31-1998 DEC-31-1998 DEC-31-1997 DEC-31-1997
<PERIOD-START> JUL-01-1998 APR-01-1998 JUL-01-1997 APR-01-1997
<PERIOD-END> SEP-30-1998 JUN-30-1998 SEP-30-1997 JUN-30-1997
<CASH> 22,707 25,332 32,245 28,651
<INT-BEARING-DEPOSITS> 2,020 1,295 1,486 1,194
<FED-FUNDS-SOLD> 33,496 5,500 22,800 20,900
<TRADING-ASSETS> 0 0 0 0
<INVESTMENTS-HELD-FOR-SALE> 373,409 361,036 257,506 274,917
<INVESTMENTS-CARRYING> 66,610 110,535 152,583 127,671
<INVESTMENTS-MARKET> 70,034 113,528 155,681 129,841
<LOANS> 695,760 672,394 604,310 595,970
<ALLOWANCE> 9,002 8,800 7,997 7,626
<TOTAL-ASSETS> 1,236,043 1,240,466 1,105,664 1,082,643
<DEPOSITS> 965,352 1,005,993 901,339 880,471
<SHORT-TERM> 10,000 42,000 64,277 76,459
<LIABILITIES-OTHER> 14,203 11,205 8,668 7,194
<LONG-TERM> 130,711 69,362 29,223 19,721
0 0 0 0
0 0 0 0
<COMMON> 146 143 39,963 40,012
<OTHER-SE> 95,494 91,626 42,057 38,649
<TOTAL-LIABILITIES-AND-EQUITY> 1,236,043 1,240,466 1,105,664 1,082,643
<INTEREST-LOAN> 14,786 14,540 13,412 13,201
<INTEREST-INVEST> 7,831 7,741 7,125 6,598
<INTEREST-OTHER> 418 295 244 295
<INTEREST-TOTAL> 23,035 22,576 20,781 20,094
<INTEREST-DEPOSIT> 9,655 10,047 9,137 8,702
<INTEREST-EXPENSE> 12,052 11,947 11,102 10,478
<INTEREST-INCOME-NET> 10,983 10,629 9,679 9,616
<LOAN-LOSSES> 311 310 521 840
<SECURITIES-GAINS> 31 686 268 518
<EXPENSE-OTHER> 11,120 7,259 6,153 6,190
<INCOME-PRETAX> 712 4,672 4,204 4,018
<INCOME-PRE-EXTRAORDINARY> 712 4,672 4,204 4,018
<EXTRAORDINARY> 0 0 0 0
<CHANGES> 0 0 0 0
<NET-INCOME> 10 5,254 2,946 2,744
<EPS-PRIMARY> 0 0 0 0
<EPS-DILUTED> 0 0 0 0
<YIELD-ACTUAL> 0 0 0 0
<LOANS-NON> 4,941 5,155 9,065 8,588
<LOANS-PAST> 613 407 332 740
<LOANS-TROUBLED> 494 498 984 1,222
<LOANS-PROBLEM> 1,020 452 480 500
<ALLOWANCE-OPEN> 8,800 8,535 7,626 6,936
<CHARGE-OFFS> 140 74 202 173
<RECOVERIES> 22 29 32 23
<ALLOWANCE-CLOSE> 9,002 8,800 7,977 7,626
<ALLOWANCE-DOMESTIC> 9,002 8,800 7,977 7,626
<ALLOWANCE-FOREIGN> 0 0 0 0
<ALLOWANCE-UNALLOCATED> 0 0 0 0
</TABLE>
<TABLE> <S> <C>
<PAGE>
<ARTICLE> 9
<S> <C> <C> <C> <C>
<PERIOD-TYPE> 3-MOS YEAR YEAR YEAR
<FISCAL-YEAR-END> DEC-31-1997 DEC-31-1997 DEC-31-1996 DEC-31-1995
<PERIOD-START> JAN-01-1997 JAN-01-1997 JAN-01-1996 JAN-01-1995
<PERIOD-END> MAR-31-1997 DEC-31-1997 DEC-31-1996 DEC-31-1995
<CASH> 24,431 20,405 19,733 24,050
<INT-BEARING-DEPOSITS> 1,310 2,401 1,537 4,527
<FED-FUNDS-SOLD> 21,800 32,000 16,700 19,300
<TRADING-ASSETS> 0 0 0 0
<INVESTMENTS-HELD-FOR-SALE> 237,493 266,589 205,138 212,433
<INVESTMENTS-CARRYING> 118,129 172,708 99,142 69,702
<INVESTMENTS-MARKET> 119,227 175,842 101,012 72,280
<LOANS> 585,368 621,992 559,281 443,169
<ALLOWANCE> 6,936 8,260 6,402 4,558
<TOTAL-ASSETS> 1,015,508 1,152,743 925,290 793,573
<DEPOSITS> 919,988 902,788 780,607 700,543
<SHORT-TERM> 43,275 89,863 34,425 0
<LIABILITIES-OTHER> 8,595 10,137 6,899 9,337
<LONG-TERM> 25,196 43,940 25,267 10,000
0 0 0 0
0 0 3,250 3,750
<COMMON> 40,055 71,067 40,224 23,474
<OTHER-SE> 35,238 14,811 34,618 46,469
<TOTAL-LIABILITIES-AND-EQUITY> 1,015,508 1,152,743 925,290 793,573
<INTEREST-LOAN> 12,516 52,901 45,373 37,681
<INTEREST-INVEST> 5,372 26,303 19,507 17,983
<INTEREST-OTHER> 330 1,101 927 1,652
<INTEREST-TOTAL> 18,218 80,305 65,807 57,316
<INTEREST-DEPOSIT> 7,879 35,242 29,868 27,440
<INTEREST-EXPENSE> 9,069 41,827 31,707 28,320
<INTEREST-INCOME-NET> 9,149 38,478 34,100 28,996
<LOAN-LOSSES> 641 2,362 2,344 1,290
<SECURITIES-GAINS> 8 1,113 842 255
<EXPENSE-OTHER> 5,613 24,398 21,566 20,148
<INCOME-PRETAX> 3,803 16,521 15,369 15,084
<INCOME-PRE-EXTRAORDINARY> 3,803 16,521 15,369 15,084
<EXTRAORDINARY> 0 0 0 0
<CHANGES> 0 0 0 0
<NET-INCOME> 2,597 11,499 10,269 10,164
<EPS-PRIMARY> 0.18 0.82 0.72 0.71
<EPS-DILUTED> 0.17 0.76 0.68 0.69
<YIELD-ACTUAL> 0 0 0 0
<LOANS-NON> 9,175 7,254 9,568 5,019
<LOANS-PAST> 703 216 295 650
<LOANS-TROUBLED> 1,902 629 3,136 4,074
<LOANS-PROBLEM> 811 150 650 0
<ALLOWANCE-OPEN> 6,402 6,402 4,558 3,970
<CHARGE-OFFS> 127 669 598 773
<RECOVERIES> 20 165 98 71
<ALLOWANCE-CLOSE> 6,936 8,260 6,402 4,558
<ALLOWANCE-DOMESTIC> 6,936 8,260 6,402 4,558
<ALLOWANCE-FOREIGN> 0 0 0 0
<ALLOWANCE-UNALLOCATED> 0 0 0 0
</TABLE>
