q rrrr2 1 ÿÿI5ð ÿÿArial5ð! ÿÿArial5ð" ÿÿArial5ð# ÿÿArial5ð$ ÿÿArial5ð%  ÿÿArial5ð&  ÿÿArialæ ÿæ!ÿæ!ÿæ"ÿæ"ÿæ ÿæ ÿæ ÿæ ÿæ ÿæ ÿæ ÿæ ÿæ ÿæ ÿæ ÿæ !ÿæ!!ÿæ"!ÿæ#!ÿæ$!ÿæ%%ÿ æ&&ÿæ'%ÿæ(&ÿæ)&ÿæ*&ÿæ+&ÿæ,&ÿæ-%ÿ  ñÀ @ñ À ñ@ @ñ@ À ñ@ @ñ@ À ñ@ @ñ@ À ñÀ @ñ À ñ€ @ñÀ À ñ€ @ñÀ À ñ€ @ñÀ À ñ€ @ñÀ À ñ€ @ñÀ À ñ€ @ñÀ À ñ@ @ñÀ À ñ@ @ñÀ À ñ@ @ñÀ À ñÀ @ñ À ñ€ @ñÀ À ñ€ @ñÀ À ñ€ @ñÀ À ñ@ @ñÀ À ñ@ @ñÀ À ñ@ @ñÀ À ñÀ @ñ À ñ€ @ñÀ À ñ€ @ñÀ À ñ€ @ñÀ À ñ@ @ñÀ À ñ@ @ñÀ À ñ@ @ñÀ À ñ@ @ñÀ À ñ@ @ñÀ À ñ @ñ À ñÀ @ñ À !ñ@ @ñ@ À "ñ@ @ñ@ À #ñ@ @ñ@ À $ñ@ @ñ@ À %ñÀ @ñ À &ñ€ @ñÀ À 'ñ€ @ñÀ À (ñ€ @ñÀ À )ñ€ @ñÀ À *ñ@ @ñÀ À +ñ@ @ñÀ À ,ñ@ @ñÀ À -ñÀ @ñ À .ñ€ @ñÀ À /ñ€ @ñÀ À 0ñ€ @ñÀ À 1ñ@ @ñÀ À 2ñ@ @ñÀ À 3ñ@ @ñÀ À 4ñ€ @ñ À 5ñ€ @ñÀ À 6ñ€ @ñÀ À 7ñ@ @ñÀ À 8ñ@ @ñÀ À 9ñ€ @ñÀ À :ñ@ @ñÀ À ;ñ€ @ñÀ À <ñ@ @ñÀ À =ñ @ñ À >ñÀ @ñ À ?ñ@ @ñ@ À @ñ@ @ñ@ À Añ@ @ñ@ À Bñ@ @ñ@ À Cñ@ @ñ@ À Dñ€ @ñÀ À Eñ€ @ñ À Fñ€ @ñ À Gñ€ @ñÀ À Hñ€ @ñÀ À Iñ€ @ñÀ À Jñ€ @ñÀ À Kñ€ @ñÀ À Lñ€ @ñÀ À Mñ@ @ñÀ À Nñ€ @ñÀ À Oñ@ @ñÀ À Pñ€ @ñ À Qñ€ @ñÀ À Rñ€ @ñÀ À Sñ€ @ñÀ À Tñ@ @ñÀ À Uñ€ @ñÀ À Vñ@ @ñÀ À Wñ€ @ñ À Xñ€ @ñÀ À Yñ€ @ñÀ À Zñ€ @ñÀ À [ñ€ @ñÀ À \ñ€ @ñÀ À ]ñ€ @ñÀ À ^ñ€ @ñÀ À _ñ@ @ñÀ À `ñ€ @ñÀ À añ@ @ñÀ À bñ€ @ñÀ À cñ€ @ñÀ À dñ€ @ñÀ À eñ@ @ñÀ À fñ€ @ñÀ À gñ@ @ñÀ À hñ€ @ñ À iñ€ @ñ À jñ€ @ñÀ À kñ@ @ñÀ À lñ€ @ñÀ À mñ@ @ñÀ À nñ€ @ñ À oñ€ @ñÀ À pñ@ @ñÀ À qñ @ñ À q@' q@' q@'q0*×××'CONDENSED BALANCE SHEET^DECEMBER 31,^DECEMBER 31, ^2002 ^2001^(IN THOUSANDS)^(IN THOUSANDS) 'ASSETS:*' Cash and short-term investments"$ 1,747"$ 1,293(' Investment in bank subsidiary "452,474 "361,289/' Investments in non-bank subsidiaries "170,588 "146,336% ' Loans to bank subsidiaries "62,740 "31,000) ' Loans to non-bank subsidiaries "-- "556 ' Other assets "17,905 "10,240 "$705,454 "$550,714'LIABILITIES: ' Short-term borrowings"$ 61,261"$ 71,123' Long-term debt "270,207 "233,247' Other liabilities "13,431 "14,679 "344,899 "319,049'SHAREHOLDERS' EQUITY:' Preferred stock"-- "1,386' Common stock "112,000 "29,965%' Other shareholders' equity "248,555 "200,314 "360,555 "231,665"$705,454"$550,714$ 'CONDENSED STATEMENTS OF INCOME!^FOR THE YEAR ENDED !^FOR THE YEAR ENDED !^FOR THE YEAR ENDED "^DECEMBER 31,"^DECEMBER 31,"^DECEMBER 31, #^2002 #^2001 #^2000$^(IN THOUSANDS)$^(IN THOUSANDS)$^(IN THOUSANDS) %'INCOME/&' Dividends from non-bank subsidiaries&"$ 66,411&"$ 451&"$ 87,269)'' Dividends from bank subsidiary'"-- '"10,000 '"37,153(' Interest income ("1,876 ("2,221 ("4,949)' Other )"5,928 )"6,555 )"6,635 +"74,215 +"19,227 +"136,006-'EXPENSES.' Interest expense ."24,127 ."20,069 ."12,643 /' Salaries and benefits /"3,872 /"9,111 /"7,9060' Other 0"4,108 0"5,874 0"2,933 2"32,107 2"35,054 2"23,482<4'Income before income taxes and equity in undistributed!5' income of subsidiaries 5"42,1085"(15,827) 5"112,524>6'Income tax benefit, less amounts charged to subsidiaries6"(11,732)6"(10,738) 6"(5,966) 8"53,840 8"(5,089) 8"118,49049'Equity in undistributed income of subsidiaries 9"(512) 9"50,6059"(82,824);' Net income;"$ 53,328;"$ 45,516;"$ 35,666(>'CONDENSED STATEMENTS OF CASH FLOWS?^FOR THE YEAR ENDED?^FOR THE YEAR ENDED?^FOR THE YEAR ENDED@^DECEMBER 31,@^DECEMBER 31,@^DECEMBER 31, A^2002 A^2001 A^2000B^(IN THOUSANDS)B^(IN THOUSANDS)B^(IN THOUSANDS)D'Net incomeD"$ 53,328D"$ 45,516D"$ 35,666=E'Adjustments to reconcile net income to cash provided by F' operating activities:9G' Equity in undistributed income of subsidiaries G"512G"(50,605) G"82,824(H' Depreciation and amortization H"732 H"448 H"505/I' Increase (decrease) in taxes payable I"1,583 I"10,130 I"(1,102)5J' Increase (decrease) in interest receivable J"356 J"(360) J"(122)2K' Increase (decrease) in interest payableK"37 K"(577) K"986;L' Net change in other assets and other liabilitiesL"(12,124) L"8,268 L"(8,518)>N' Net cash provided by operating activities N"44,424 N"12,820 N"110,239'P'Lending and investing activities:;Q' Net (increase) decrease in loans to subsidiariesQ"(31,184) Q"46,722 Q"7,245&R' Investments in subsidiariesR"(116,133)R"(138,314)R"(172,409).S' Net sales of premises and equipment S"187S"72 S"314FU' Net cash used by lending and investing activitiesU"(147,130)U"(91,520)U"(164,850)W'Financing activities:0X' Net increase (decrease) in borrowings X"(9,862) X"36,777X"(46,398)'Y' Proceeds from long-term debt Y"36,960 Y"45,000 Y"106,701&Z' Issuance of preferred stockZ"--Z"-- Z"1,386.[' Proceeds from common stock offering ["82,035["--["--%\' Purchase of treasury stock \"(1,176) \"(3,223) \"(3,414)A]' Proceeds from sale of stock for employee benefit plans ]"2,702 ]"5,834 ]"1,866^' Dividends paid ^"(7,469) ^"(5,520) ^"(5,038)>`' Net cash provided by financing activities `"103,190 `"78,868 `"55,1034b' Net increase in cash and cash equivalents b"484 b"168 b"4922c' Effect of exchange rate changes on cash c"(30) c"(2) c"(8)9d' Cash and cash equivalents at beginning of year d"1,293 d"1,127 d"6433f' Cash and cash equivalents at end of yearf"$ 1,747f"$ 1,293f"$ 1,1278h'Supplemental disclosures of cash flow information:%i' Cash paid during the year:j' Interestj"$ 24,091j"$ 20,646j"$ 11,657l' Income taxesl"$ 48,877l"$ 5,235l"$ 13,769!n' Non cash transactions:=o' Conversion of preferred stock to common stocko"$ 1,386o"--o"-- °6Sheet1 °6Sheet2 °6Sheet3€ÿÿŽd“–ÿ—_˜™ÿš ›Ðœ£ÿ®Arial¯ °ÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿ± ¸¹Oÿÿÿÿÿÿÿÿÿÿ4!ø*îîèèdº»Ã"Ã"Ã"ÉÉÉÍdÎÏÐFM3FM3 PropertyWK3WK3 Propertyÿ  Œ'ð Ò%~' z'Ò%—m' i'¤CM¥Hdr׌'ð