t/2ÿñH(d 1$&%*ÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿñ'CONDENSED BALANCE SHEETñ^DECEMBER 31,ñ^DECEMBER 31, ñ^2001 ñ^2000ñ^(IN THOUSANDS)ñ^(IN THOUSANDS)ñ'ASSETS:Añ'Cash and short-term investments...........................ñ"$ 1,293ñ"$ 1,127Añ'Investment in bank subsidiary.............................ñ"361,289ñ"277,571Añ'Investments in non-bank subsidiaries......................ñ"146,336 ñ"41,344Añ 'Loans to bank subsidiaries................................ ñ "31,000 ñ "30,000Añ 'Loans to non-bank subsidiaries............................ ñ "556 ñ "48,278Añ 'Other assets.............................................. ñ "2,342 ñ "6,464ñ "$542,816ñ "$404,784ñ'LIABILITIES:Añ'Short-term borrowings.....................................ñ"$ 71,123ñ"$ 34,346Añ'Long-term debt............................................ñ"225,349ñ"181,522Añ'Other liabilities......................................... ñ"14,928ñ"(1,009)ñ"$311,400ñ"$214,859ñ^DECEMBER 31,ñ^DECEMBER 31, ñ^2001 ñ^2000ñ^(IN THOUSANDS)ñ^(IN THOUSANDS)ñ'SHAREHOLDERS' EQUITY:Añ'Preferred stock...........................................ñ"$ 1,386ñ"$ 1,386Añ'Common stock.............................................. ñ"29,965 ñ"29,965Añ'Other shareholders' equity................................ñ"200,065ñ"158,574ñ"231,416ñ"189,925ñ!"$542,816ñ!"$404,784$ñ$'CONDENSED STATEMENT OF INCOMEñ%^FOR THE YEAR ENDED ñ%^FOR THE YEAR ENDED ñ%^FOR THE YEAR ENDED ñ&^DECEMBER 31,ñ&^DECEMBER 31,ñ&^DECEMBER 31, ñ'^2001 ñ'^2000 ñ'^1999ñ(^(IN THOUSANDS)ñ(^(IN THOUSANDS)ñ(^(IN THOUSANDS) ñ)'INCOME@ñ*'Dividends from non-bank subsidiaries.....................ñ*"$ 451ñ*"$ 87,269ñ*"$ 15,500@ñ+'Dividends from bank subsidiary........................... ñ+"10,000 ñ+"37,153 ñ+"14,147@ñ,'Interest income.......................................... ñ,"2,221 ñ,"4,949 ñ,"4,800@ñ-'Other.................................................... ñ-"6,555 ñ-"6,635 ñ-"3,200 ñ/"19,227ñ/"136,006 ñ/"37,647ñ1'EXPENSES@ñ2'Interest expense......................................... ñ2"20,069 ñ2"12,643 ñ2"9,891@ñ3'Salaries and benefits.................................... ñ3"9,111 ñ3"7,906 ñ3"5,398@ñ4'Other.................................................... ñ4"5,874 ñ4"2,933 ñ4"2,672 ñ6"35,054 ñ6"23,482 ñ6"17,961=ñ8'Income before income taxes and equity in undistributed@ñ9'income of subsidiaries...................................ñ9"(15,827)ñ9"112,524 ñ9"19,6866ñ:'Income taxes (credits), less amounts charged to@ñ;'subsidiaries.............................................ñ;"(10,738)ñ;"(5,966)ñ;"(10,482)ñ="(5,089)ñ="118,490 ñ="30,168Bñ>'Equity in undistributed income of subsidiaries............. ñ>"50,605ñ>"(82,824) ñ>"2,9888ñ@'Net income.......................................ñ@"$ 45,516ñ@"$ 35,666ñ@"$ 33,156(ñC'CONDENSED STATEMENT OF CASH FLOWSñD^FOR THE YEAR ENDED ñD^FOR THE YEAR ENDED ñD^FOR THE YEAR ENDED ñE^DECEMBER 31,ñE^DECEMBER 31,ñE^DECEMBER 31, ñF^2001 ñF^2000 ñF^1999ñG^(IN THOUSANDS)ñG^(IN THOUSANDS)ñG^(IN THOUSANDS)@ñI'Net income...............................................ñI"$ 45,516ñI"$ 35,666ñI"$ 33,156>ñJ'Adjustments to reconcile net income to cash provided byñK'operating activities:>ñL'Equity in undistributed income of subsidiaries.........ñL"(50,605) ñL"82,824ñL"(2,988)>ñM'Depreciation and amortization.......................... ñM"448 ñM"505 ñM"408>ñN'Increase (decrease) in taxes payable................... ñN"10,130ñN"(1,102) ñN"4,695>ñO'Decrease in interest receivable........................ ñO"(360) ñO"(122) ñO"(159)>ñP'Increase (decrease) in interest payable................ ñP"(577) ñP"986 ñP"763>ñQ'Net change in other assets and other liabilities....... ñQ"8,268ñQ"(4,077) ñQ"4,3226ñS'Net cash provided by operating activities...... ñS"12,820ñS"114,680 ñS"40,197(ñU'Lending and investing activities:>ñV'Net decrease (increase) in loans to subsidiaries....... ñV"46,722 ñV"7,245ñV"(25,302)>ñW'Investments in subsidiaries............................ñW"(138,314)ñW"(172,409)ñW"(39,122)>ñX'Net sales of premises and equipment.................... ñX"72 ñX"314 ñX"286-ñZ'Net cash used by lending and investing4ñ['activities...................................ñ["(91,520)ñ["(164,850)ñ["(64,138)ñ]'Financing activities:>ñ^'Net increase (decrease) in borrowings.................. ñ^"36,777ñ^"(46,398) ñ^"13,778>ñ_'Proceeds from long-term debt........................... ñ_"45,000ñ_"102,260 ñ_"30,000>ñ`'Issuance of preferred stock............................ ñ`"-- ñ`"1,386 ñ`"-->ña'Purchase of treasury stock.............................ña"(3,223)ña"(3,414)ña"(18,314)7ñb'Proceeds from sale of stock for employee benefit;ñc'plans............................................... ñc"5,834 ñc"1,866 ñc"2,608>ñd'Dividends paid.........................................ñd"(5,520)ñd"(5,038)ñd"(4,287)6ñf'Net cash provided by financing activities...... ñf"78,868 ñf"50,662 ñf"23,785>ñh'Net increase in cash and cash equivalents.............. ñh"168 ñh"492 ñh"(156)>ñi'Effect of exchange rate changes on cash................ ñi"(2) ñi"(8) ñi"-->ñj'Cash and cash equivalents at beginning of year......... ñj"1,127 ñj"643 ñj"799>ñl'Cash and cash equivalents at end of year...............ñl"$ 1,293ñl"$ 1,127ñl"$ 6439ñn'Supplemental disclosures of cash flow information:!ño'Cash paid during the year:;ñp'Interest............................................ñp"$ 20,646ñp"$ 11,657ñp"$ 9,056;ñr'Income taxes........................................ñr"$ 5,235ñr"$ 13,769ñr"$ 14,328