**U.S. SECURITIES AND EXCHANGE COMMISSIONWashington, D.C.  20549**

** FORM 10-QSB**

** QUARTERLY REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934**

For the quarter ended     September 30, 2002               Commission file number      0-5559   

 

                                          FIRST FINANCIALCORPORATION                                                              (Exact name of registrant as specified in its charter)              

             Texas                                                      74-1502313          (State or other jurisdiction of                           (I.R.S. Employer IdentificationNo.)incorporation or organization)                                                     

     800Washington Avenue, Waco, Texas                              76701                       (Address ofprincipal executive offices)                   (Zip Code)

Registrant's telephone number, including area code       (254) 757-2424                    

Indicate by check mark whether the registrant (1) hasfiled all reports required to be filed by Section 13 or 15 (d) of theSecurities Exchange Act of 1934 during the preceding 12 months (or for shorterperiod that the registrant was required to file such reports), and (2) has beensubject to such filing requirements for the past 90 days.Yes         X           No                      

Indicate the number of shares outstanding of each of theissuer's classes of common stock, as of the latest practicable date.

                     Common Stock, No Par Value                              173,528                                                     (Class)                                        (Outstanding at October 31, 2002)

----

FORM10-QSB

FIRSTFINANCIAL CORPORATIONSEPTEMBER30, 2002

 

 

 

INDEX

| Part I Financial Information |                                                        | PageNo.        Item 1.Financial Statements     Consolidated Balance Sheet as of                      
1 September 30, 2002     Consolidated Statements of Income2 for the Three-Months and Nine Months  ended  September 30, 2002 and 2001     Consolidated Statements of Cash  Flow for the Nine-Months   ended September 30, 2002 and 2001               3    Notes to Consolidated Financial      Statements                                                         4-5        Item 2. Management's Discussion and Analysis  of Results of Operations andFinancial  Condition     5-7        Item 3.Controls and Procedures                        8                                                                       Part II Other Information          Item 1. Legal Proceedings                                                         8        Item 5.Other Information                                                          8        Item 6.Exhibits and Reports on Form                  8-K                                   8
 

 
  First Financial CorporationConsolidated Balance Sheet       September 30, 2002         (Unaudited)   Assets ------ Cash and cash equivalents $               960,759 Restricted cash        619,609 Accounts receivable     1,619,034       Marketable investment securities          58,055       Restricted marketable investment securities        593,193 Note receivable        225,000 Real estate held for investment,at cost        444,000 Mortgage loans     41,842,958        Investment in and advances to  affiliated companies                 -   Property and equipment        654,659 Other assets     1,735,003              Total Assets $     48,752,270          Liabilities and Stockholders' Equity        --------------------------------------Notes on line of credit    41,222,723 Note payable        177,197 Accounts Payable     1,518,479       Estimated reserve for losses under servicing        agreements         236,929 Other liabilities     1,426,826              Total Liabilities    44,582,154          Minority interest                 -            Stockholders' equity:        Common stock - no par value; authorized    500,000 shares;issued 183,750 shares,          of which 10,222 shares are held in    treasury shares            1,000   Additonal paid-in capital        518,702   Retained earnings     3,667,373         Accumulated other comprehensive income:          Unrealized gain (loss) on marketable securities, net of tax          18,350               4,205,425   Less:Treasury stock - at cost         (35,309)             Total Stockholders' Equity     4,170,116                    Total Liabilities and Stockholders' Equity $     48,752,270                  See accompanying notes to consolidated financial statements.-1-      First Financial Corporation   Consolidated Statements of Income                          Three months and Nine months ended September 30, 2002 and 2001     (Unaudited) 
      Three months ended
         Nine months ended
            September 30,
            September 30,    --------------------------------          --------------------------------2002200120022001   ----------   ----------   ----------   ----------Revenues:  Loan administration $       2,418,155  $       1,863,967  $       5,304,859  $       6,379,531   Interest income        713,206         392,647      1,590,831      1,447,001   Other income        955,734         520,541      1,562,087      1,011,478           Total Revenues     4,087,095      2,777,155      8,457,777      8,838,010      Expenses:  Salaries and related expenses     1,673,354      1,464,362      4,392,897      4,601,443   Interest expense        498,946         297,070      1,027,707      1,236,440         Provision for losses under servicing    agreements                 -                    -                    -                    -     Other operating expenses     1,137,118         882,158      3,032,162      2,785,112           Total Expenses     3,309,418      2,643,590      8,452,766      8,622,995                 Income before income taxes,      minority interest, equity in earnings       (loss) of affiliates         777,677         133,565             5,011         215,015 Federal income taxes                 -                 188                 18               188                 Income before minority interest        777,677         133,377             4,993         214,827       Minority interest in net loss (income)         (49,942)         (32,615)        370,049          (97,512)                Income before equity in earnings (loss) of            affiliates         727,735         100,762         375,042         117,315       Equity in earnings (loss) of affiliates                 -            (32,984)             (206)         (25,929)          Net income (loss)        727,735           67,778         374,836           91,386 Other comprehensive income:        Unrealized holding gains (losses)          53,007          (65,896)          16,315          (25,248)          Comprehensive income (loss)  $               780,742  $                   1,882  $          391,151  $            66,138      Income Per Common Share$4.50 $0.01 $2.25 $0.38            See accompanying notes to consolidated financial statements.   -2-First Financial Corporation        Consolidated Statement of Cash Flows
            (Unaudited)
Nine Months Ended September 30,          ----------------------------20022001    -----------    -----------      Cash flows from operating activities:   Net income (loss)$               374,837  $                  66,138          Adjustments to reconcile net income(loss) to          net cash used by operating activities:   Depreciation          39,292         177,856          Provision for losses under servicing agreements                 -                    -            Equity in (income) loss of affiliates              206           25,929          Realized (gains) losses on marketable investment securities          45,569            (1,181)         Net (increase) decrease in accounts receivable        102,087           34,265          Net (increase) decrease in other assets       (593,619)        197,002          Net increase (decrease) in accounts payable        588,711        (203,456)         Net increase (decrease) in other liabilities        774,992        (128,900)         Increase (decrease) in minority interest    (1,571,344)          97,484    (Increase) decrease in restricted cash used            in operating activities - net        344,044        (324,598)   Mortgage loans funded (472,792,185) (419,913,255)   Mortgage loans sold  465,879,155   413,898,121          Increase in mortgage loans participations sold     9,998,521                  -      Other         (21,098)          59,291                        Net cash provided (used) for operating activities     3,169,168     (6,015,304)                Cash flows from investing activities:         Proceeds from sale of marketable investment securities        207,415           10,924          Purchases of marketable investment securities         (19,521)         (33,097)         Purchases of restricted marketable investment securities       (593,193)                 -            Unrealized holding gain (loss)          16,314                  -            Proceeds from sale of property and equipment        767,637          (Increase) decrease in deferred gain on sale of property & equipment        (496,168)         Purchase of property and equipment       (368,020)         (70,792)         Principal collections on mortgage loans          38,285           64,291          Amortization of discount on mortgage loans purchased                 -                    -            (Advances to) repayments from affiliates        415,514                  -                          Net cash provided (used) for investing activities         (31,737)         (28,674)               Cash flows from financing activities:         Net change in short-term borrowings    (3,012,552)     6,188,026          (Increase) decrease in notes receivable       (225,000)                 -                          Net cash used for financing activities    (3,237,552)     6,188,026                Net increase (decrease) in cash and cash equivalents       (100,120)        144,048       Cash and cash equivalents at beginning of year     1,060,879         868,826       Cash and cash equivalents at end of period $               960,759  $             1,012,874                Supplemental Disclosure of Cash Flow Information   Interest Paid $               978,697  $             1,174,467                See accompanying notes to consolidated financial statements.-3-
 

 

FIRST FINANCIAL CORPORATION AND SUBSIDIARIES

 

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS(Unaudited)

 

PART I - FINANCIAL INFORMATION

 

1 - Basis of Presentation

The financial information included herein for FirstFinancial Corporation, and all of its wholly owned and majority ownedsubsidiaries (the "Company") is unaudited; however, such unauditedinformation reflects all adjustments which are, in management's opinion,necessary for a fair presentation of the financial position, results ofoperations and statement of cash flows for the interim periods. In preparingthese financial statements, management is required to make estimates andassumptions that affect the reported amounts of assets and liabilities as ofthe date of the balance sheet and revenue and expense for the period. Actualresults could differ significantly from those estimates. 

As more fully discussed in Form 8-K dated November 14, 2002,effective July 31, 2002, the Company acquired all of the outstanding commonstock of First Preference Mortgage Corp. ("FPMC") so that the Company directlyowns 100% of the capital stock of FPMC. FPMC was a third-tier subsidiary of KeyGroup, Ltd. ("Key Group"), a Texas Limited Partnership, which the Company ownedan approximately 53% interest. The Company's consolidated statements of incomeinclude the revenue and expense of Key Group for the period January 1, 2002 toJuly 31, 2002 and the revenue and expense of FPMC for the period August 1, 2002to September 30, 2002. The minority interest in net loss (income) representsthe ownership of other entities in the net loss (income) of Key Group.

The results of operations and changes in cash flow forthe nine-month period ended September 30, 2002 are not necessarily indicativeof the results to be expected for the full year.

Certain reclassifications were made to prior periods toensure comparability with the current period.

2 - Earnings Per Share

Earnings per common share were computed by dividing netincome by the weighted average number of shares outstanding. 

3 - Income Taxes

Income taxes are provided for the tax effects oftransactions reported in the financial statements and consist of taxes currentlydue plus deferred taxes related primarily to differences between the basis ofthe loan loss reserve for financial and income tax reporting.  The deferred tax assets and liabilitiesrepresent the future tax return consequences of those differences, which willeither be taxable or deductible when the assets and liabilities are recoveredor settled.  Deferred taxes also arerecognized for operating losses that are available to offset future taxableincome and tax credits that are available to offset future federal incometaxes.  The Company has approximately$6,000,000 in available net operating loss carryforward benefits for financialstatement purposes to offset future income, if any. A valuation allowance hasbeen provided for all tax benefits.

4

 

 

4 - Contingencies

Substantially all of the conventional pools ofmanufactured home loans serviced by the Company, approximately $347,000 atSeptember 30, 2002, were sold to investors with recourse.  The recourse provisions typically requirethe Company to repurchase delinquent loans at the unpaid balances plus accruedinterest, or replace delinquent loans with another loan which is current.  Further, several of the agreements requirethe Company to establish and maintain cash reserve accounts.  Deposits are periodically made to theaccounts equal to a specified percent of the outstanding loans. The accountsmay be used to cover deficiencies from foreclosure and liquidation ofdelinquent pooled mortgage loans.  Suchcash reserve accounts totaled $10,495 and are included in restricted cash atSeptember 30, 2002.

Item 2. Management's Discussion and Analysis of Resultsof Operations and Financial Condition

Results of Operations

The Company had net income of $374,836 for the ninemonths ended September 30, 2002 compared to net income of $91,386 for the sameperiod in 2001.  Loan administrationrevenues were $5,304,859 for the first nine months of 2002 compared to$6,379,531 for the same period of 2001. The decrease in loan administration revenues is the result of decreasedloan origination fees from the Company's retail branch mortgage loanoperations. During the nine months ended September 30, 2002, First PreferenceMortgage Corp.("FPMC"), funded approximately $63.6 million in retailresidential mortgage loans and approximately $409.2 million in wholesale loanscompared to approximately $108.0 million and $311.9 million during the sameperiod in 2001, respectively. Revenue generated by retail loans isapproximately 450% of the revenue received from wholesale loans.  In addition, during the nine months endedSeptember 30, 2002, the revenues from the sale of the mortgage loans togovernmental and private investors decreased significantly due to the unstablemarket conditions that prevailed during the period.

For the seven months ended July 31, 2002, Key Group hada net loss of ($786,352) compared to net income of $207,190 for the nine monthsended September 30, 2001. This significant change by Key Group is primarily duethe decrease in retail residential mortgage loan originations and reducedrevenues from the sale of the mortgage loans as discussed above. The Company'sshare of the net income (loss) of Key Group was ($416,303) for the seven monthsended July 31, 2002 and $109,678 for the nine months ended September 30, 2001.The minority interest in the net loss of Key Group amounted to $370,049 for theseven months ended July 31, 2002 compared to a minority interest in the netincome of ($97,512) for the nine months ended September 30, 2001.  The minority interest represents theownership of other entities in the Key Group net income or net loss.

5

 

For the two months ended September 30, 2002, FPMC hadnet income of $744,522. Approximately $636,000 of the net income isattributable to the recoupment of an asset valuation reserve that was requiredto be recorded by FPMC in connection with its acquisition by the Company asdiscussed above. 

Interest income for the nine months ended September 30,2002 amounted to $1,590,831 compared to $1,447,001 for the same period in 2001. This increase is primarily due to theincrease in new residential mortgage loans originated during the first ninemonths of 2002 as compared to 2001 as discussed above.  FPMC earns interest from the date themortgage loan is closed until the date the mortgage loan is sold to investors.

Salaries and related expenses decreased to $4,392,897for the nine months ended September 30, 2002, compared to $4,601,443 for thesame period in 2001. This decrease is primarily due to the reduction in theamount of commission expense resulting from decreased retail residentialmortgage loan originations as discussed above.

For the nine months ended September 30, 2002, interestexpense amounted to $1,027,707 compared to $1,236,440 for the same period in2001.  The decrease in interest expensefor the nine months ended September 30, 2002 is primarily due to decrease inthe weighted average interest rate from 6.31% for the nine months endedSeptember 30, 2001 to 4.40% for the same period in 2002.

During the nine months ended September 30, 2002, theprovision for losses under servicing agreements was ($0) resulting in a balancein the reserve for losses under servicing agreements of $236,929 at September30, 2002.  For the nine months endedSeptember 30, 2001, the Company had a negative provision for losses underservicing agreements of ($0) which resulted in a balance in the reserve forlosses under servicing agreements of $236,929 at September 30, 2001.  As previously discussed, under the terms ofcertain of its servicing agreements, the Company is at risk for any creditlosses and costs of foreclosure, net of credit insurance proceeds, if any,sustained on default of the borrower. The Company has analyzed its servicingportfolio characteristics, including servicing portfolio balance, lossexperience, maturity and aging of the loans and the credit insurance coverageon the loans. Based on this analysis, it is the Company's belief that itsreserve for losses under servicing agreements is adequate for potential lossesattributable to the servicing agreements.

Other income for the nine months ended September 30,2002 amounted to $1,562,087 compared to $1,011,478 for the same period in 2001.In the second quarter of 2001, the Company evaluated its billings forconsulting fees and increased the fees to reflect the current cost of providingthese services. In addition, FPMC recognized approximately $636,000 in otherincome as discussed above.

The consolidated statements of income for the ninemonths ended September 30, 2002 reflect equity in the net loss of affiliates of($206) compared to a net loss of $25,248 for the same period in 2001.  

6

 

Other comprehensive income consists of unrealizedholding gains (losses) on marketable investment securities net of income taxes.For the nine months ended September 30, 2002, unrealized holding gains amountedto $16,315 compared to unrealized holding losses of ($25,248) for the ninemonths ended September 30, 2001.

Financial Condition

At September 30, 2002, the Company's total assets were$48,752,270 compared to $28,219,264 at September 30, 2001.  Included in the Company's total assets atSeptember 30, 2002 are the assets of FPMC which amounted to $47,080,637.  At September 30, 2001 the Company's assetsincluded the assets of Key Group which amounted to $25,220,754. The FPMC assetsat September 30, 2002 consisted primarily of cash and cash equivalents of$673,059, accounts and notes receivable of $1,277,937, mortgage loans of$41,777,247, property and equipment of $444,191, real estate of $444,000 andprepaid expenses and other assets of $1,464,203.  The minority interest in the net assets of Key Group at September30, 2001 amounted to $1,421,991.

On consolidated basis, cash and cash equivalents(including restricted cash) were $1,580,368 at September 30, 2002.  Included therein was cash and cashequivalents of FPMC of $673,059 and Apex Lloyds Insurance Company of$869,151.  The cash flow of FPMC is onlyavailable to the Company as allowed under the terms of FPMC's mortgagewarehouse line of credit agreement. The cash flow of Apex Lloyds InsuranceCompany is only available to the Company as allowed by state insuranceregulations.

As more fully discussed in the Annual Report Form 10-KSBfor the year ended December 31, 2001, FPMC has a mortgage warehouse line ofcredit with a financial institution totaling $45,000,000 which expired March31, 2002. This agreement was extended until October 31, 2002 and wassubsequently extended to April 30, 2003. This agreement includes certainfinancial covenants including requirements to maintain FPMC stockholders'equity above $3,500,000 and adjusted-tangible-net worth above $3,200,000. Also,FPMC's total liabilities to adjusted tangible net worth may never exceed 15 to1. In addition, FPMC has a loan participation agreement with another financialinstitution amounting to $17,000,000. Under this agreement, the financialinstitution has the option to purchase an undivided interest in the residentialmortgage loans originated by FPMC. When the subject mortgage loan is sold inthe secondary market, the financial institution recoups its investment plus aspecified yield on its investment.

7

 

Item 3. Controls and Procedures

Within the 90 days prior to the filing of this report,the Company evaluated the effectiveness of the design and operation of itsdisclosure controls and procedures. The evaluation was carried out under thesupervision and with the participation of the Company's management, includingthe Company's Chief Executive Officer and Chief Financial Officer. Based on andas of the date of the evaluation, the Chief Executive Officer and the ChiefFinancial Officer concluded that the Company's disclosure controls andprocedures are effective in timely alerting them to material informationrelating to the Company, including it consolidated subsidiaries, required to beincluded in reports the Company files with or submits to the Securities andExchange Commission under the Securities Exchange Act of 1934. There have beenno significant changes in the Company's internal controls or in other factorsthat could significantly affect the Company's internal controls subsequent tothe date of the evaluation.

 

 

                                    PART II - OTHER INFORMATION

Item 1. Legal Proceedings

The Company is involved in routine litigation incidentalto its business, both as a plaintiff and a defendant. Management of theCompany, after consulting with legal counsel, feels that liability resultingfrom the litigation, if any, will not have a material effect on this financialposition of the Company.

Item 5. Other Information

This report on Form 10-Q is accompanied by a statement ofthe Chief Executive Officer and the Chief Financial Officer of the registrantmaking certain certifications as to the contents hereof, as required by Section906 of the Sarbanes-Oxley Act of 2002.

Item 6. Exhibits and Reports on Form 8-K

A Form 8-K with a report date of May 24, 2002, was filedon August 20, 2002, pertaining to the resolution of disputes within the Mannfamily.

A Form 8-K with a report date of August 14, 2002, wasfiled on August 14, 2002, containing Certification of Principal ExecutiveOfficer and Principal Financial Officer of the contents of Form 10-Q for periodending June 30, 2002, pursuant to Section 906 of the Sarbanes-Oxley Act of2002.

SIGNATURES

 

Pursuant to the requirements of the Securities andExchange Act of 1934, the registrant has duly caused this report to be signedon its behalf by the undersigned thereunto duly authorized.

First Financial Corporation

____________________________________________________________________________

 

 

 
Date                November 14, 2002       
/s/David W. Mann                                            David W. MannPresidentDuly Authorized Officer and PrincipalFinancial Officer
  Date                 November 14, 2002        /s/ Robert L. Harris___                                                               Robert L. Harris    VicePresident and    PrincipalAccounting Officer
8

**Annual andQuarterly Certifications**

**Pursuant to Section 302 of the Sarbanes-Oxley Act of 2002**

I, David W. Mann, certify that:

1.             I have reviewedthis quarterly report on Form 10-Q of First Financial Corporation;

2.             Basedon my knowledge, this quarterly report does not contain any untrue statement ofa material fact or omit to state a material fact necessary to make thestatements made, in light of the circumstances under which such statements weremade, not misleading with respect to the period covered by this quarterlyreport; 

3.             Basedon my knowledge, the financial statements, and other financial informationincluded in this quarterly report, fairly present in all material respects thefinancial condition, results of operations and cash flows of the registrant asof, and for, the periods presented in this quarterly report; 

4.             Theregistrant's other certifying officers and I are responsible for establishingand maintaining disclosure controls and procedures (as defined in Exchange ActRules 13a-14 and 15d-14) for the registrant and we have:

a)     designedsuch disclosure controls and procedures to ensure that material informationrelating to the registrant, including its consolidated subsidiaries, is madeknown to us by others within those entities, particularly during the period inwhich this quarterly report is being prepared;

b)     evaluatedthe effectiveness of the registrant's disclosure controls and procedures as ofa date within 90 days prior to the filing date of this quarterly report (the"Evaluation Date"); and

c)     presentedin this quarterly report our conclusions about the effectiveness of thedisclosure controls and procedures based on our evaluation as of the EvaluationDate;

5.             Theregistrant's other certifying officers and I have disclosed, based on our mostrecent evaluation, to the registrant's auditors and the audit committee ofregistrant's board of directors (or persons performing the equivalentfunction):

a)     allsignificant deficiencies in the design or operation of internal controls whichcould adversely affect the registrant's ability to record, process, summarizeand report financial data and have identified for the registrant's auditors anymaterial weaknesses in internal controls; and

b)     anyfraud, whether or not material, that involves management or other employees whohave a significant role in the registrant's internal controls; and

6.             Theregistrant's other certifying officers and I have indicated in this quarterlyreport whether or not there were significant changes in internal controls or inother factors that could significantly affect internal controls subsequent tothe date of our most recent evaluation, including any corrective actions withregard to significant deficiencies and material weaknesses.

Date: November14, 2002  

 

/s/ David W. MannDavid W. MannChief Executive Officer and ChiefFinancial Officer

 

  |
|------------------------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|