text: In addition, the Federal Reserve Board has established minimum leverage ratio guidelines for bank holding 
  companies and financial holding companies. Bank holding companies and financial holding companies that meet 
  certain specified criteria, including having the highest regulatory rating, must maintain a minimum Tier 1 Capital 
  leverage ratio (Tier 1 Capital to average assets for the current quarter, less goodwill) of three percent. Bank holding 
  companies and financial holding companies that do not have the highest regulatory rating will generally be required 
  to maintain a higher Tier 1 Capital leverage ratio of three percent plus an additional cushion of 100 to 200 basis 
  points. The Federal Reserve Board has not advised us of any specific minimum leverage ratio applicable to us. The 
  guidelines also provide that bank holding companies and financial holding companies experiencing internal growth 
  or making acquisitions will be expected to maintain strong capital positions. Such strong capital positions must be 
  kept substantially above the minimum supervisory levels without significant reliance on intangible assets (e.g., 
  goodwill, core deposit intangibles and purchased mortgage servicing rights). As of December 31, 2002, our capital 
  ratios were as follows: (1) Tier 1 Capital to Risk-Weighted Assets Ratio, 18.50%; (2) Total Capital to Risk- 
  Weighted Assets Ratio, 19.52%; and (3) Tier 1 Capital Leverage Ratio, 10.51%. 