HASBRO, INC.  AND SUBSIDIARIES Notes to Consolidated Financial Statements — (Continued) (Thousands of Dollars and Shares Except Per Share Data) agreement, $7,203 and $14,235, respectively, of which are included in prepaid expenses and other current assets and $58,814 and $63,247, respectively, of which are included in other assets.
The Company and the Network are also parties to an agreement under which the Company will provide the Network with an exclusive first look in the U. S.  to license certain types of programming developed by the Company based on its intellectual property.
In the event the Network licenses the programming from the Company to air, it is required to pay the Company a license fee.
As of December 25, 2016 and December 27, 2015 the Company’s investment in the Network totaled $242,397 and $242,932, respectively.
The Company’s share in the (earnings) loss of the Network for the years ended December 25, 2016, December 27, 2015 and December 28, 2014 totaled $(23,764), $(19,045) and $9,187, respectively and is included as a component of other (income) expense, net in the accompanying consolidated statements of operations.
In 2014, the Company’s share in the loss of the Network included charges related to its restructuring totaling $17,278.
The Company also enters into certain other transactions with the Network including the licensing of television programming and the purchase of advertising.
During 2016, 2015 and 2014, these transactions were not material.
(6) Program Production Costs Program production costs are included in other assets and consist of the following at December 25, 2016 and December 27, 2015:
## Table 0 ##
Based on management’s total revenue estimates at December 25, 2016, all of the unamortized television programming costs relating to released productions are expected to be amortized during the next three years.
Based on current estimates, the Company expects to amortize approximately $22,690 of the $35,683 of released programs during fiscal 2017.
(7) Financing Arrangements At December 25, 2016, Hasbro had available an unsecured committed line and unsecured uncommitted lines of credit from various banks approximating $700,000 and $128,000, respectively.
All of the short-term borrowings outstanding at the end of 2016 and 2015 represent borrowings made under, or supported by, these lines of credit.
Borrowings under the lines of credit were made by certain international affiliates of the Company on terms and at interest rates generally extended to companies of comparable creditworthiness in those markets.
The weighted average interest rates of the outstanding borrowings under the uncommitted lines of credit as of December 25, 2016 and December 27, 2015 were 8.17% and 3.97%, respectively.
The Company had no borrowings outstanding under its committed line of credit at December 25, 2016.
During 2016, Hasbro’s working capital needs were fulfilled by cash generated from operations, borrowings under lines of credit and utilization of its commercial paper program discussed below.
The unsecured committed line of credit, as amended on March 30, 2015 (the “Agreement”), provides the Company with a $700,000 committed borrowing facility through March 30, 2020.
The Agreement contains certain financial covenants setting forth leverage and coverage requirements, and certain other limitations typical of an investment grade facility, including with respect to liens, mergers and incurrence of indebtedness.
The Company was in compliance with all covenants as of and for the year ended December 25, 2016.
The Company pays a commitment fee (0.12% as of December 25, 2016) based on the unused portion of the facility and interest equal to a Base Rate or Eurocurrency Rate plus a spread on borrowings under the facility.
The
Part II, Item 8 20.
Pension and Other Benefit Plans Adoption of SFAS 158 In September 2006, the Financial Accounting Standards Board issued SFAS 158 (Employer’s Accounting for Defined Benefit Pension and Other Postretirement Plans, an amendment of FASB Statements No.87, 88, 106 and 132(R)).
SFAS 158 required Schlumberger to recognize the funded status (i. e. , the difference between the fair value of plan assets and the benefit obligation) of its defined benefit pension and other postretirement plans (collectively “postretirement benefit plans”) in its December 31, 2006 Consolidated Balance Sheet, with a corresponding adjustment to Accumulated Other Comprehensive Income, net of tax.
The adjustment to Accumulated Other Comprehensive Income at adoption represents the net unrecognized actuarial losses and unrecognized prior service costs which were previously netted against Schlumberger’s postretirement benefit plans’ funded status in the Consolidated Balance Sheet pursuant to the provisions of SFAS 87 (Employers’ Accounting for Pensions) and SFAS 106 (Employer’s Accounting for Postretirement Benefits Other Than Pensions).
These amounts will subsequently be recognized as net periodic postretirement cost consistent with Schlumberger’s historical accounting policy for amortizing such amounts.
The adoption of SFAS 158 had no effect on Schlumberger’s Consolidated Statement of Income for the year ended December 31, 2006, or for any prior period, and it will not affect Schlumberger’s operating results in future periods.
Additionally, SFAS 158 did not have an effect on Schlumberger’s Consolidated Balance Sheet at December 31, 2005.
SFAS 158 also required companies to measure the fair value of plan assets and benefit obligations as of the date of the fiscal year-end balance sheet.
This provision of SFAS 158 is not applicable as Schlumberger already uses a measurement date of December 31 for its postretirement benefit plans.
The incremental effect of applying SFAS 158 on the Consolidated Balance Sheet at December 31, 2006 for all of Schlumberger’s postretirement benefit plans is presented in the following table:
## Table 1 ##
As a result of the adoption of SFAS 158, Schlumberger’s total liabilities increased by approximately 2% and stockholders’ equity decreased by approximately 3%.
The impact on Schlumberger’s total assets was insignificant.
United States Defined Benefit Pension Plans Schlumberger and its United States subsidiary sponsor several defined benefit pension plans that cover substantially all employees hired prior to October 1, 2004.
The benefits are based on years of service and compensation on a career-average pay basis.
The funding policy with respect to qualified pension plans is to annually contribute amounts that are based upon a number of factors including the actuarial accrued liability, amounts that are deductible for income tax purposes, legal funding requirements and available cash flow.
These contributions are intended to provide for benefits earned to date and those expected to be earned in the future.
Part II, Item 7A December 31, 2009, Schlumberger had fixed rate debt aggregating approximately $4.2 billion and variable rate debt aggregating approximately $1.3 billion.
Schlumberger has entered into interest rate swaps relating to $1.1 billion of its fixed rate debt as of December 31, 2009 whereby Schlumberger will receive interest at a fixed rate and pay interest at a variable rate.
Schlumberger’s exposure to interest rate risk associated with its debt is also partially mitigated by its investment portfolio.
Both Short-term investments and Fixed income investments, held to maturity, which totaled approximately $5.1 billion at December 31, 2009, are comprised primarily of money market funds, eurodollar time deposits, certificates of deposit, commercial paper, euro notes and Eurobonds and are substantially all denominated in US dollars.
The average return on investment was 1.4% in 2009.
The following table represents principal amounts of Schlumberger’s debt at December 31, 2009 by year of maturity:
## Table 2 ##
The fair market value of the outstanding fixed rate debt was approximately $4.6 billion as of December 31, 2009.
The weighted average interest rate on the variable rate debt as of December 31, 2009 was approximately 1.7%.
Schlumberger does not enter into derivatives for speculative purposes.
Forward-looking Statements This Form 10-K and other statements we make contain “forward-looking statements” within the meaning of the federal securities laws, which include any statements that are not historical facts, such as our forecasts or expectations regarding business outlook; growth for Schlumberger as a whole and for each of Oilfield Services and WesternGeco (and for specified products or geographic areas within each segment); oil and natural gas demand and production growth; oil and gas prices; operating margins; capital expenditures by Schlumberger and the oil and gas industry; the business strategies of Schlumberger’s customers; future global economic conditions expected pension and post-retirement funding; expected stock compensation costs; and future results of operations.
These statements are subject to risks and uncertainties, including, but not limited to, the current global economic downturn; changes in exploration and production spending by Schlumberger’s customers and changes in the level of oil and natural gas exploration and development; general economic and business conditions in key regions of the world; pricing erosion; seasonal factors; and other risks and uncertainties described elsewhere in this Form 10-K, including under “Item 1A.
Risk Factors”.
If one or more of these risks or uncertainties materialize (or the consequences of such a development changes), or should underlying assumptions prove incorrect, actual outcomes may vary materially from those forecasted or expected.
Schlumberger disclaims any intention or obligation to update publicly or revise such statements, whether as a result of new information, future events or otherwise.
As a result of the Transaction, we recognized a net gain of approximately $1.3 billion, including $1.2 billion recognized in 2016.
The net gain represents the $2.5 billion fair value of the shares of Lockheed Martin common stock exchanged and retired as part of the exchange offer, plus the $1.8 billion one-time special cash payment, less the net book value of the IS&GS business of about $3.0 billion at August 16, 2016 and other adjustments of about $100 million.
In 2017, we recognized an additional gain of $73 million, which reflects certain post-closing adjustments, including certain tax adjustments and the final determination of net working capital.
We classified the operating results of our former IS&GS business as discontinued operations in our consolidated financial statements in accordance with U. S.  GAAP, as the divestiture of this business represented a strategic shift that had a major effect on our operations and financial results.
However, the cash flows generated by the IS&GS business have not been reclassified in our consolidated statements of cash flows as we retained this cash as part of the Transaction.
The operating results, prior to the August 16, 2016 divestiture date, of the IS&GS business that have been reflected within net earnings from discontinued operations for the year ended December 31, 2016 are as follows (in millions):
## Table 3 ##
The operating results of the IS&GS business reported as discontinued operations are different than the results previously reported for the IS&GS business segment.
Results reported within net earnings from discontinued operations only include costs that were directly attributable to the IS&GS business and exclude certain corporate overhead costs that were previously allocated to the IS&GS business.
As a result, we reclassified $82 million in 2016 of corporate overhead costs from the IS&GS business to other unallocated, net on our consolidated statement of earnings.
Additionally, we retained all assets and obligations related to the pension benefits earned by former IS&GS business salaried employees through the date of divestiture.
Therefore, the non-service portion of net pension costs (e. g. , interest cost, actuarial gains and losses and expected return on plan assets) for these plans have been reclassified from the operating results of the IS&GS business segment and reported as a reduction to the FAS/CAS pension adjustment.
These net pension costs were $54 million for the year ended December 31, 2016.
The service portion of net pension costs related to IS&GS business’s salaried employees that transferred to Leidos were included in the operating results of the IS&GS business classified as discontinued operations because such costs are no longer incurred by us.
Significant severance charges related to the IS&GS business were historically recorded at the Lockheed Martin corporate office.
These charges have been reclassified into the operating results of the IS&GS business, classified as discontinued operations, and excluded from the operating results of our continuing operations.
The amount of severance charges reclassified were $19 million in 2016.
Financial information related to cash flows generated by the IS&GS business, such as depreciation and amortization, capital expenditures, and other non-cash items, included in our consolidated statement of cash flows for the years ended December 31, 2016 were not significant.
An analysis of the allowance for credit losses in the aggregate for the years ended December 31, 2010 and 2009 follows:
## Table 4 ##
PORTFOLIO SEGMENT RISK FACTORS The following describe the risk characteristics relevant to each of the portfolio segments.
Commercial—The commercial loan portfolio segment includes commercial and industrial loans to commercial customers for use in normal business operations to finance working capital needs, equipment purchases or other expansion projects.
Commercial also includes owner-occupied commercial real estate loans to operating businesses, which are loans for long-term financing of land and buildings, and are repaid by cash flow generated by business operations.
Owner-occupied construction loans are made to commercial businesses for the development of land or construction of a building where the repayment is derived from revenues generated from the business of the borrower.
Collection risk in this portfolio is driven by the creditworthiness of underlying borrowers, particularly cash flow from customers’ business operations.
Investor Real Estate—Loans for real estate development are repaid through cash flow related to the operation, sale or refinance of the property.
This portfolio segment includes extensions of credit to real estate developers or investors where repayment is dependent on the sale of real estate or income generated from the real estate collateral.
A portion of Regions’ investor real estate portfolio segment is comprised of loans secured by residential product types (land, single-family and condominium loans) within Regions’ markets.
Additionally, these loans are made to finance income-producing properties such as apartment buildings, office and industrial buildings, and retail shopping centers.
Loans in this portfolio segment are particularly sensitive to valuation of real estate.
Consumer—The consumer loan portfolio segment includes residential first mortgage, home equity, indirect, consumer credit card, and other consumer loans.
Residential first mortgage loans represent loans to consumers to finance a residence.
These loans are typically financed over a 15 to 30 year term and, in most cases, are extended to borrowers to finance their primary residence.
Home equity lending includes both home equity loans and lines of credit.
This type of lending, which is secured by a first or second mortgage on the borrower’s residence, allows customers to borrow against the equity in their home.
Real estate market values as of the time the loan or line is secured directly affect the amount of credit extended and, in addition, changes in these values impact the depth of potential losses.
Indirect lending, which is lending initiated through third-party business partners, is largely comprised of loans made through automotive dealerships.
Consumer credit card includes approximately 500,000 Regions branded consumer credit card accounts purchased during 2011 from FIA Card Services.
Other consumer loans include direct consumer installment loans and overdrafts.
Loans in this portfolio segment are sensitive to unemployment and other key consumer economic measures.
Table of Contents 9 Item 1.  Business Regions Financial Corporation is a financial holding company headquartered in Birmingham, Alabama that operates in the South, Midwest and Texas.
The terms "Regions," "the Company," "we," "us" and "our" mean Regions Financial Corporation, a Delaware corporation and its subsidiaries, when appropriate.
Regions provides traditional commercial, retail and mortgage banking services, as well as other financial services in the fields of asset management, wealth management, securities brokerage, insurance brokerage, trust services, merger and acquisition advisory services, and other specialty financing.
At December 31, 2015, Regions had total consolidated assets of approximately $126.1 billion, total consolidated deposits of approximately $98.4 billion and total consolidated stockholders’ equity of approximately $16.8 billion.
Regions is a Delaware corporation and on July 1, 2004, became the successor by merger to Union Planters Corporation and the former Regions Financial Corporation.
Its principal executive offices are located at 1900 Fifth Avenue North, Birmingham, Alabama 35203, and its telephone number at that address is (205) 581-7890.
Banking Operations Regions conducts its banking operations through Regions Bank, an Alabama state-chartered commercial bank that is a member of the Federal Reserve System.
At December 31, 2015, Regions operated 1,962 ATMs and 1,627 banking offices in Alabama, Arkansas, Florida, Georgia, Illinois, Indiana, Iowa, Kentucky, Louisiana, Mississippi, Missouri, North Carolina, South Carolina, Tennessee, Texas and Virginia.
The following chart reflects the distribution of branch locations in each of the states in which Regions conducts its banking operations.
## Table 5 ##
Other Financial Services Operations In addition to its banking operations, Regions provides additional financial services through the following subsidiaries: Regions Insurance Group, Inc. , a subsidiary of Regions, is an insurance broker that offers the placement of insurance coverage with insurance companies or other risk bearing entities through its subsidiaries: Regions Insurance, Inc. , headquartered in Birmingham, Alabama; Trilogy Risk Specialists, Inc. , headquartered in Memphis, Tennessee; and Regions Insurance Services, Inc. , headquartered in Memphis, Tennessee.
Through its insurance brokerage operations in Alabama, Arkansas, Florida, Georgia, Indiana, Louisiana, Mississippi, South Carolina, Tennessee and Texas, Regions Insurance, Inc.  offers insurance coverage for various lines of personal and commercial insurance, such as property, vehicle, casualty, life, health and accident insurance.
Regions Insurance, Inc.  also provides services related to employee benefits.
Trilogy Risk Specialists, Inc.  operates as a wholesale insurance broker assisting retail insurance brokers in placing insurance coverage for the retail brokers’ customers with risk bearing entities.
Regions Insurance Services, Inc.  offers various insurance products, such as crop, life, and environmental insurance.
Regions Insurance Group, Inc.  is one of the thirty-five largest insurance brokers in the United States based on annual revenues.
Table 1—Financial Highlights
## Table 6 ##

<table><tr><td></td><td> 2016</td><td> 2015</td></tr><tr><td>Television programming</td><td>$35,683</td><td>33,730</td></tr><tr><td>Released, less amortization</td><td></td><td></td></tr><tr><td>In production</td><td>25,062</td><td>36,092</td></tr><tr><td>Pre-production</td><td>1,833</td><td>84</td></tr><tr><td>Theatrical programming</td><td></td><td></td></tr><tr><td>In production</td><td>20,271</td><td>5,640</td></tr><tr><td>Total program production costs</td><td>$82,849</td><td>75,546</td></tr></table>
<table><tr><td></td><td>Prior to application of SFAS 158</td><td>SFAS 158 Adoption Adjustments</td><td>After application of SFAS 158</td></tr><tr><td>Deferred taxes (current)</td><td>$191</td><td>$-28</td><td>$163</td></tr><tr><td>Deferred Taxes (long-term)</td><td>$186</td><td>$227</td><td>$413</td></tr><tr><td>Other Assets</td><td>$416</td><td>$-243</td><td>$173</td></tr><tr><td>Accounts payable and accrued liabilities</td><td>$3,925</td><td>$-77</td><td>$3,848</td></tr><tr><td>Postretirement Benefits</td><td>$713</td><td>$323</td><td>$1,036</td></tr><tr><td>Accumulated other comprehensive loss</td><td>$-879</td><td>$-290</td><td>$-1,169</td></tr></table>
<table><tr><td></td><td colspan="6"> Expected Maturity Dates </td></tr><tr><td></td><td> 2010</td><td> 2011</td><td> 2012</td><td> 2013</td><td> 2014</td><td> Total</td></tr><tr><td> Fixed rate debt</td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>2.125% Series B Convertible Debentures</td><td>$321</td><td></td><td></td><td></td><td></td><td>$321</td></tr><tr><td>5.14% Guaranteed Notes</td><td>238</td><td></td><td></td><td></td><td></td><td>238</td></tr><tr><td>5.875% Guaranteed Bonds</td><td></td><td>$362</td><td></td><td></td><td></td><td>362</td></tr><tr><td>6.5% Notes</td><td></td><td></td><td>$649</td><td></td><td></td><td>649</td></tr><tr><td>5.25% Guaranteed Bonds</td><td></td><td></td><td></td><td>$727</td><td></td><td>727</td></tr><tr><td>3.00% Guaranteed Notes</td><td></td><td></td><td></td><td>449</td><td></td><td>449</td></tr><tr><td>4.50% Guaranteed Bonds</td><td></td><td></td><td></td><td></td><td>$1,449</td><td>1,449</td></tr><tr><td> Total fixed rate debt</td><td>$559</td><td>$362</td><td>$649</td><td>$1,176</td><td>$1,449</td><td>$4,195</td></tr><tr><td> Variable rate debt</td><td>$567</td><td>$294</td><td>$375</td><td>$20</td><td>$29</td><td>$1,285</td></tr><tr><td> Total</td><td>$1,126</td><td>$656</td><td>$1,024</td><td>$1,196</td><td>$1,478</td><td>$5,480</td></tr></table>
<table><tr><td>Net sales</td><td>$3,410</td></tr><tr><td>Cost of sales</td><td>-2,953</td></tr><tr><td>Severance charges</td><td>-19</td></tr><tr><td>Gross profit</td><td>438</td></tr><tr><td>Other income, net</td><td>16</td></tr><tr><td>Operating profit</td><td>454</td></tr><tr><td>Earnings from discontinued operations before income taxes</td><td>454</td></tr><tr><td>Income tax expense</td><td>-147</td></tr><tr><td>Net gain on divestiture of discontinued operations</td><td>1,205</td></tr><tr><td>Net earnings from discontinued operations</td><td>$1,512</td></tr></table>
<table><tr><td></td><td>2010</td><td>2009</td></tr><tr><td></td><td colspan="2">(In millions)</td></tr><tr><td>Allowance for loan losses at beginning of year</td><td>$3,114</td><td>$1,826</td></tr><tr><td>Provision for loan losses</td><td>2,863</td><td>3,541</td></tr><tr><td>Loan losses:</td><td></td><td></td></tr><tr><td>Charge-offs</td><td>-2,912</td><td>-2,369</td></tr><tr><td>Recoveries</td><td>120</td><td>116</td></tr><tr><td>Net loan losses</td><td>-2,792</td><td>-2,253</td></tr><tr><td>Allowance for loan losses at end of year</td><td>$3,185</td><td>$3,114</td></tr><tr><td>Reserve for unfunded credit commitments at beginning of year</td><td>$74</td><td>$74</td></tr><tr><td>Provision for unfunded credit commitments</td><td>-3</td><td>—</td></tr><tr><td>Reserve for unfunded credit commitments at end of year</td><td>71</td><td>74</td></tr><tr><td>Allowance for credit losses at end of year</td><td>$3,256</td><td>$3,188</td></tr></table>
<table><tr><td></td><td>Branches</td></tr><tr><td>Alabama</td><td>235</td></tr><tr><td>Arkansas</td><td>97</td></tr><tr><td>Florida</td><td>352</td></tr><tr><td>Georgia</td><td>131</td></tr><tr><td>Illinois</td><td>59</td></tr><tr><td>Indiana</td><td>61</td></tr><tr><td>Iowa</td><td>11</td></tr><tr><td>Kentucky</td><td>15</td></tr><tr><td>Louisiana</td><td>109</td></tr><tr><td>Mississippi</td><td>137</td></tr><tr><td>Missouri</td><td>65</td></tr><tr><td>North Carolina</td><td>6</td></tr><tr><td>South Carolina</td><td>30</td></tr><tr><td>Tennessee</td><td>238</td></tr><tr><td>Texas</td><td>80</td></tr><tr><td>Virginia</td><td>1</td></tr><tr><td>Total</td><td>1,627</td></tr></table>
<table><tr><td></td><td>2018</td><td>2017</td><td>2016</td><td>2015</td><td>2014</td></tr><tr><td></td><td colspan="5">(In millions, except per share data)</td></tr><tr><td>EARNINGS SUMMARY</td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Interest income, including other financing income</td><td>$4,393</td><td>$3,987</td><td>$3,814</td><td>$3,601</td><td>$3,588</td></tr><tr><td>Interest expense and depreciation expense on operating lease assets</td><td>658</td><td>448</td><td>416</td><td>296</td><td>309</td></tr><tr><td>Net interest income and other financing income</td><td>3,735</td><td>3,539</td><td>3,398</td><td>3,305</td><td>3,279</td></tr><tr><td>Provision for loan losses</td><td>229</td><td>150</td><td>262</td><td>241</td><td>69</td></tr><tr><td>Net interest income and other financing income after provision for loan losses</td><td>3,506</td><td>3,389</td><td>3,136</td><td>3,064</td><td>3,210</td></tr><tr><td>Non-interest income</td><td>2,019</td><td>1,962</td><td>2,011</td><td>1,937</td><td>1,785</td></tr><tr><td>Non-interest expense</td><td>3,570</td><td>3,491</td><td>3,483</td><td>3,478</td><td>3,318</td></tr><tr><td>Income from continuing operations before income taxes</td><td>1,955</td><td>1,860</td><td>1,664</td><td>1,523</td><td>1,677</td></tr><tr><td>Income tax expense</td><td>387</td><td>619</td><td>510</td><td>452</td><td>546</td></tr><tr><td>Income from continuing operations</td><td>1,568</td><td>1,241</td><td>1,154</td><td>1,071</td><td>1,131</td></tr><tr><td>Income (loss) from discontinued operations before income taxes</td><td>271</td><td>19</td><td>16</td><td>-15</td><td>26</td></tr><tr><td>Income tax expense (benefit)</td><td>80</td><td>-3</td><td>7</td><td>-6</td><td>10</td></tr><tr><td>Income (loss) from discontinued operations, net of tax</td><td>191</td><td>22</td><td>9</td><td>-9</td><td>16</td></tr><tr><td>Net income</td><td>$1,759</td><td>$1,263</td><td>$1,163</td><td>$1,062</td><td>$1,147</td></tr><tr><td>Net income from continuing operations available to common shareholders</td><td>$1,504</td><td>$1,177</td><td>$1,090</td><td>$1,007</td><td>$1,079</td></tr><tr><td>Net income available to common shareholders</td><td>$1,695</td><td>$1,199</td><td>$1,099</td><td>$998</td><td>$1,095</td></tr><tr><td>Earnings per common share from continuing operations – basic</td><td>$1.38</td><td>$0.99</td><td>$0.87</td><td>$0.76</td><td>$0.79</td></tr><tr><td>Earnings per common share from continuing operations – diluted</td><td>1.36</td><td>0.98</td><td>0.86</td><td>0.75</td><td>0.78</td></tr><tr><td>Earnings per common share – basic</td><td>1.55</td><td>1.01</td><td>0.87</td><td>0.75</td><td>0.80</td></tr><tr><td>Earnings per common share – diluted</td><td>1.54</td><td>1.00</td><td>0.87</td><td>0.75</td><td>0.79</td></tr><tr><td>Return on average common stockholders' equity - continuing operations<sup>-1(3)</sup></td><td>10.33%</td><td>7.42%</td><td>6.69%</td><td>6.27%</td><td>6.80%</td></tr><tr><td>Return on average tangible common stockholders’ equity (non-GAAP) - continuing operations<sup>(1)(2)(3)</sup></td><td>15.59</td><td>10.80</td><td>9.61</td><td>9.04</td><td>9.86</td></tr><tr><td>Return on average assets - continuing operations<sup>-1(3)</sup></td><td>1.27</td><td>1.00</td><td>0.92</td><td>0.88</td><td>0.96</td></tr><tr><td>BALANCE SHEET SUMMARY</td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>As of December 31</td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Loans, net of unearned income</td><td>$83,152</td><td>$79,947</td><td>$80,095</td><td>$81,162</td><td>$77,307</td></tr><tr><td>Allowance for loan losses</td><td>-840</td><td>-934</td><td>-1,091</td><td>-1,106</td><td>-1,103</td></tr><tr><td>Assets</td><td>125,688</td><td>124,294</td><td>125,968</td><td>125,050</td><td>119,563</td></tr><tr><td>Deposits</td><td>94,491</td><td>96,889</td><td>99,035</td><td>98,430</td><td>94,200</td></tr><tr><td>Long-term debt</td><td>12,424</td><td>8,132</td><td>7,763</td><td>8,349</td><td>3,462</td></tr><tr><td>Stockholders’ equity</td><td>15,090</td><td>16,192</td><td>16,664</td><td>16,844</td><td>16,873</td></tr><tr><td>Average balances</td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Loans, net of unearned income</td><td>$80,692</td><td>$79,846</td><td>$81,333</td><td>$79,634</td><td>$76,253</td></tr><tr><td>Assets</td><td>123,380</td><td>123,976</td><td>125,506</td><td>122,265</td><td>118,352</td></tr><tr><td>Deposits</td><td>94,438</td><td>97,341</td><td>97,921</td><td>96,890</td><td>93,481</td></tr><tr><td>Long-term debt</td><td>9,977</td><td>7,076</td><td>8,159</td><td>5,046</td><td>4,057</td></tr><tr><td>Stockholders’ equity</td><td>15,381</td><td>16,665</td><td>17,126</td><td>16,916</td><td>16,620</td></tr><tr><td>SELECTED RATIOS</td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Basel I Tier 1 common regulatory capital (non-GAAP)<sup>(4)</sup></td><td>N/A%</td><td>N/A%</td><td>N/A%</td><td>N/A%</td><td>11.65%</td></tr><tr><td>Basel III common equity Tier 1 ratio<sup>-5</sup></td><td>9.90</td><td>11.05</td><td>11.21</td><td>10.93</td><td>N/A</td></tr><tr><td>Basel III common equity Tier 1 ratio—Fully Phased-In Pro-Forma (non-GAAP)<sup>(2)(4)(5)</sup></td><td>9.83</td><td>10.95</td><td>11.05</td><td>10.69</td><td>11.00</td></tr><tr><td>Tier 1 capital<sup>-4(5)(6)</sup></td><td>10.68</td><td>11.86</td><td>11.98</td><td>11.65</td><td>12.54</td></tr><tr><td>Total capital<sup>-4(5)(6)</sup></td><td>12.46</td><td>13.78</td><td>14.15</td><td>13.88</td><td>15.26</td></tr><tr><td>Leverage capital<sup>-4(5)(6)</sup></td><td>9.32</td><td>10.01</td><td>10.20</td><td>10.25</td><td>10.86</td></tr><tr><td>Tangible common stockholders’ equity to tangible assets (non-GAAP)<sup>(2)</sup></td><td>7.80</td><td>8.71</td><td>8.99</td><td>9.13</td><td>9.66</td></tr><tr><td>Efficiency ratio</td><td>61.50</td><td>62.44</td><td>63.42</td><td>65.42</td><td>64.72</td></tr><tr><td>Adjusted efficiency ratio (non-GAAP)<sup>(2)</sup></td><td>59.26</td><td>61.35</td><td>62.46</td><td>64.08</td><td>63.72</td></tr></table>

Question: In the year with lowest amount of Net income, what's the increasing rate of Non-interest expense?
Answer: 0.04822