text: Goodwill recorded in the acquisition of City has been accounted for in accordance with SFAS No. 142. 
  Accordingly, goodwill has not been amortized, rather it has been tested for impairment. The goodwill and 
  identifiable intangible asset recorded are not deductible for federal income tax purposes. The proforma impact of 
  City is insignificant to the Company's financial statements. 
  
  Cash flow information relative to the acquisition of City is, as follows: 
  
  Fair value of assets acquired 
  Cash paid for the capital stock of City  $ 99,735,097 
   16,500,000 
  
  Liabilities assumed  $ 83,235,097 