##### Table of Contents



UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
 WASHINGTON, D. C. 20549
 
 FORM 10-Q
 þ
    
    QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15 (d) OF THE SECURITIES EXCHANGE ACT OF
1934.
 For the quarterly period ended: June 30, 2007
 o
    
    TRANSITION REPORT PURSUANT TO SECTION 13 OR 15 (d) OF THE SECURITIES EXCHANGE ACT OF
1934.
 For the transition period from  to
 Commission File Number: 000-51957
 FGBC BANCSHARES, INC.
  Georgia
    
    20  02743161(State or other jurisdiction of
    
    (I.R.S. Employerincorporation or organization)
    
    Identification Number)
 101 Main Street, Franklin, Georgia 30217
 (678) 839-4510
 N/A
 þ o
  o o þ
 o þ




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##### 



INDEX
  
 PagePART I. FINANCIAL INFORMATION
    
    
    3Item 1.Financial Statements
    
    
    3Consolidated Balance Sheet June 30, 2007 and December 31, 2006
    
    
    3Consolidated Statements of Operations Three Months Ended June 30, 2007 and 2006
and Six Months Ended June 30, 2007 and 2006 (Unaudited)
    
    
    4Consolidated Statements of Comprehensive Income (Loss) Three Months Ended June 30,
2007 and 2006 and Six Months Ended June 30, 2007 and 2006 (Unaudited)
    
    
    5Consolidated Statements of Cash Flows Six Months Ended June 30, 2007
and 2006 (Unaudited)
    
    
    6Notes to Consolidated Financial Statements June 30, 2007 (Unaudited)
    
    
    8Item 2.Managements Discussion and Analysis of Financial Condition and Results of Operations
    
    
    10Item 3.Quantitative and Qualitative Disclosures About Market Risk
    
    
    15Item 4.Controls and Procedures
    
    
    16PART II. OTHER INFORMATION
    
    
    16Item 1.Legal Proceedings
    
    
    16Item 1A.Risk Factors
    
    
    16Item 2.Unregistered Sales of Equity Securities and Use of Proceeds
    
    
    16Item 3.Defaults Upon Senior Securities
    
    
    17Item 4.Submission of Matters to a Vote of Security Holders
    
    
    17Item 5.Other Information
    
    
    17Item 6.Exhibits
    
    
    17SIGNATURES
    
    
    18EX-31.1 SECTION 302 CERTIFICATION OF THE CEOEX-31.2 SECTION 302 CERTIFICATION OF THE CFOEX-32 SECTION 906 CERTIFICATION OF THE CEO AND CFO




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##### Table of Contents



PART I. FINANCIAL INFORMATION
 
 Item 1. Financial Statements
 
 CONSOLIDATED BALANCE SHEET
JUNE 30, 2007 AND DECEMBER 31, 2006
 June 30,
    
    
    December 31,2007
    
    
    2006(unaudited)
    
    
    (audited)AssetsCash and due from banks
    
    $
    8,417,654
    
    
    $
    7,343,589Interest bearing deposits in banks
    
    
    330,104
    
    
    
    11,228,052Federal funds sold
    
    
    16,399,000
    
    
    
    53,368,000Securities available for sale, at fair value
    
    
    79,138,126
    
    
    
    70,114,808Restricted equity securities, at cost
    
    
    1,041,800
    
    
    
    1,342,700Loans
    
    
    490,797,978
    
    
    
    408,642,096Less allowance for loan losses
    
    
    5,796,343
    
    
    
    5,244,200Loans, net
    
    
    485,001,635
    
    
    
    403,397,896Premises and equipment
    
    
    30,819,311
    
    
    
    27,071,594Other assets
    
    
    8,394,755
    
    
    
    5,543,664Total assets
    
    $
    629,542,385
    
    
    $
    579,410,303Liabilities and Stockholders EquityDeposits:Noninterest-bearing
    
    $
    32,059,484
    
    
    $
    24,101,011Interest-bearing
    
    
    529,973,940
    
    
    
    472,591,491Total deposits
    
    
    562,033,424
    
    
    
    496,692,502Other borrowings
    
    
    
    
    
    
    15,000,000Securities sold under repurchase agreement
    
    
    
    
    
    
    1,027,230Other liabilities
    
    
    2,709,900
    
    
    
    3,131,284Total liabilities
    
    
    564,743,324
    
    
    
    515,851,016Commitments and contingenciesStockholders equityCommon stock, par value $0; 100,000,000 shares
authorized; 9,072,291 and 9,046,748 shares
issued and outstanding, respectively
    
    
    67,018,181
    
    
    
    66,658,460Accumulated deficit
    
    
    (897,041
    )
    
    
    (2,672,497
    )Accumulated other comprehensive loss
    
    
    (1,322,079
    )
    
    
    (426,676
    )Total stockholders equity
    
    
    64,799,061
    
    
    
    63,559,287Total liabilities and stockholders
equity
    
    $
    629,542,385
    
    
    $
    579,410,303
 See Notes to Consolidated Financial Statements.
 3




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CONSOLIDATED STATEMENTS OF OPERATIONS
THREE MONTHS ENDED JUNE 30, 2007 AND 2006
AND SIX MONTHS ENDED JUNE 30, 2007 AND 2006
(Unaudited)
 Three Months Ended
    
    
    Six Months EndedJune 30,
    
    
    June 30,2007
    
    
    2006
    
    
    2007
    
    
    2006Interest income:Loans, including fees
    
    $
    10,254,689
    
    
    $
    7,002,802
    
    
    $
    19,716,080
    
    
    $
    12,758,820Taxable securities
    
    
    813,876
    
    
    
    438,182
    
    
    
    1,651,636
    
    
    
    795,643Nontaxable securities
    
    
    99,910
    
    
    
    
    
    
    
    118,559
    
    
    
    Federal funds sold
    
    
    383,004
    
    
    
    121,941
    
    
    
    691,662
    
    
    
    188,619Other interest income
    
    
    27,230
    
    
    
    6
    
    
    
    153,009
    
    
    
    20,553Total interest income
    
    
    11,578,709
    
    
    
    7,562,931
    
    
    
    22,330,946
    
    
    
    13,763,635Interest expense:Deposits
    
    
    6,210,504
    
    
    
    3,242,511
    
    
    
    11,812,234
    
    
    
    5,755,925Other borrowings
    
    
    
    
    
    
    175,131
    
    
    
    54,506
    
    
    
    301,423Total interest expense
    
    
    6,210,504
    
    
    
    3,417,642
    
    
    
    11,866,740
    
    
    
    6,057,348Net interest income
    
    
    5,368,205
    
    
    
    4,145,289
    
    
    
    10,464,206
    
    
    
    7,706,287Provision for loan losses
    
    
    500,910
    
    
    
    631,020
    
    
    
    792,719
    
    
    
    1,236,288Net interest income after
provision for loan losses
    
    
    4,867,295
    
    
    
    3,514,269
    
    
    
    9,671,487
    
    
    
    6,469,999Other income:Service charges on deposit
accounts
    
    
    460,598
    
    
    
    338,494
    
    
    
    872,708
    
    
    
    622,603Mortgage origination fees
    
    
    364,923
    
    
    
    257,566
    
    
    
    695,915
    
    
    
    446,830Other operating income
    
    
    8,704
    
    
    
    32,879
    
    
    
    86,476
    
    
    
    46,924Total other income
    
    
    834,225
    
    
    
    628,939
    
    
    
    1,655,099
    
    
    
    1,116,357Other expenses:Salaries and employee benefits
    
    
    3,134,875
    
    
    
    2,579,913
    
    
    
    6,268,575
    
    
    
    5,015,706Occupancy and equipment expenses
    
    
    781,777
    
    
    
    488,008
    
    
    
    1,460,461
    
    
    
    904,664Other operating expenses
    
    
    1,233,843
    
    
    
    1,017,157
    
    
    
    2,458,416
    
    
    
    1,786,964Total other expenses
    
    
    5,150,495
    
    
    
    4,085,078
    
    
    
    10,187,452
    
    
    
    7,707,334Net income (loss) before
income taxes
    
    
    551,025
    
    
    
    58,130
    
    
    
    1,139,134
    
    
    
    (120,978
    )Income tax expense (benefit)
    
    
    (636,323
    )
    
    
    
    
    
    
    (636,323
    )
    
    
    Net income (loss)
    
    
    1,187,348
    
    
    
    58,130
    
    
    
    1,775,457
    
    
    
    (120,978
    )Basic earnings (losses) per share
    
    $
    0.13
    
    
    $
    0.01
    
    
    $
    0.20
    
    
    $
    (0.01
    )Diluted earnings per (losses) share
    
    $
    0.12
    
    
    $
    0.01
    
    
    $
    0.18
    
    
    $
    (0.01
    )Cash dividends per share
    
    $
    
    
    
    $
    -
    
    
    $
    
    
    
    $
    
 See Notes to Consolidated Financial Statements.
 4




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CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS)
THREE MONTHS ENDED JUNE 30, 2007 AND 2006
AND SIX MONTHS ENDED JUNE 30, 2007 AND 2006
(Unaudited)
 Three Months Ended
    
    
    Six Months EndedJune 30,
    
    
    June 30,2007
    
    
    2006
    
    
    2007
    
    
    2006Net income (loss)
    
    $
    1,187,348
    
    
    $
    58,130
    
    
    $
    1,775,457
    
    
    $
    (120,978
    )Other comprehensive income (loss):Net unrealized holding gains (losses) on securities
available for sale arising during period, net of tax
    
    
    (948,114
    )
    
    
    (166,246
    )
    
    
    (895,403
    )
    
    
    (211,908
    )Comprehensive income (loss)
    
    $
    239,234
    
    
    $
    (108,116
    )
    
    $
    880,054
    
    
    $
    (332,886
    )
 See Notes to Consolidated Financial Statements.
 5




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##### Table of Contents



CONSOLIDATED STATEMENTS OF CASH FLOWS
SIX MONTHS ENDED JUNE 30, 2007 AND 2006
(Unaudited)
 2007
    
    
    2006OPERATING ACTIVITIESNet income (loss)
    
    $
    1,775,457
    
    
    $
    (120,978
    )Adjustments to reconcile net income (loss) to net cash
provided by operating activities:Depreciation, amortization and accretion
    
    
    746,126
    
    
    
    398,564Provision for loan losses
    
    
    792,719
    
    
    
    1,236,288Stock compensation expense
    
    
    32,352
    
    
    
    14,357Deferred taxes
    
    
    (1,239,639
    )
    
    
    Loss on sale of foreclosed assets
    
    
    63,110
    
    
    
    51,209Loss on sale of premises and equipment
    
    
    4,382
    
    
    
    27,038Increase in income taxes payable
    
    
    14,316
    
    
    
    Increase in interest receivable
    
    
    (482,033
    )
    
    
    (715,602
    )Increase (decrease) in interest payable
    
    
    (76,139
    )
    
    
    199,399Net other operating activities
    
    
    (493,002
    )
    
    
    604,831Net cash provided by operating activities
    
    
    1,137,649
    
    
    
    1,695,106INVESTING ACTIVITIESDecrease in interest bearing deposits in banks
    
    
    10,897,948
    
    
    
    49,988Purchases of securities available for sale
    
    
    (31,727,478
    )
    
    
    (8,501,185
    )Proceeds from maturities of securities available for sale
    
    
    20,991,246
    
    
    
    4,996,639(Purchases) redemptions of restricted equity securities
    
    
    300,900
    
    
    
    (528,800
    )Net (increase) decrease in federal funds sold
    
    
    36,969,000
    
    
    
    (18,750,000
    )Net increase in loans
    
    
    (83,197,487
    )
    
    
    (88,285,248
    )Purchase of premises and equipment
    
    
    (4,491,020
    )
    
    
    (6,200,087
    )Proceeds from sale of foreclosed assets
    
    
    555,372
    
    
    
    46,140Proceeds from sale of premises and equipment
    
    
    
    
    
    
    12,600Additions to other real estate owned
    
    
    (3,125
    )
    
    
    Net cash used in investing activities
    
    
    (49,704,644
    )
    
    
    (117,159,953
    )FINANCING ACTIVITIESNet increase in deposits
    
    
    65,340,922
    
    
    
    106,270,223Proceeds from (repayments of) other borrowings
    
    
    (15,000,000
    )
    
    
    5,000,000Net decrease in federal funds purchased and repurchase agreements
    
    
    (1,027,230
    )
    
    
    Tax benefit from stock options exercised
    
    
    80,104
    
    
    
    Proceeds from exercise of stock options
    
    
    247,264
    
    
    
    Proceeds from sale of common stock
    
    
    
    
    
    
    5,190,925Net cash provided by financing activities
    
    
    49,641,060
    
    
    
    116,461,148
 6




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2007
    
    
    2006Net increase in cash and due from banks
    
    
    1,074,065
    
    
    
    996,301Cash and due from banks, beginning of period
    
    
    7,343,589
    
    
    
    3,464,489Cash and due from banks, end of period
    
    $
    8,417,654
    
    
    $
    4,460,790SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATIONCash paid during period for:Interest
    
    $
    12,073,579
    
    
    $
    5,857,949Income taxes
    
    $
    1,263,857
    
    
    $
    21,303NONCASH TRANSACTIONSFinanced sales of foreclosed assets
    
    $
    808,129
    
    
    $
    20,000Loans transferred to foreclosed assets
    
    $
    7,100
    
    
    $
    156,956
 See Notes to Consolidated Financial Statements.
 7




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NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
June 30, 2007
(Unaudited)
      Three Months Ended June 30,2007
    
    
    2006Basic earnings per share:Weighted average common shares outstanding
    
    
    9,069,729
    
    
    
    8,873,041Net income
    
    $
    1,187,348
    
    
    $
    58,130Basic earnings per share
    
    $
    0.13
    
    
    $
    0.01Diluted earnings per share:Weighted average common shares outstanding
    
    
    9,069,729
    
    
    
    8,873,041Net effect of the assumed exercise of stock
options based on the treasury stock method
using average market prices for the year
    
    
    613,845
    
    
    
    316,111Total weighted average common shares and
common stock equivalents outstanding
    
    
    9,683,574
    
    
    
    9,189,152Net income
    
    $
    1,187,348
    
    
    $
    58,130Diluted earnings per share
    
    $
    0.12
    
    
    $
    0.01
 8




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##### Table of Contents



Six Months Ended June 30,2007
    
    
    2006Basic earnings (losses) per share:Weighted average common shares outstanding
    
    
    9,063,103
    
    
    
    8,713,076Net income (loss)
    
    $
    1,775,457
    
    
    $
    (120,978
    )Basic earnings (losses) per share
    
    $
    0.20
    
    
    $
    (0.01
    )Diluted earnings (losses) per share:Weighted average common shares outstanding
    
    
    9,063,103
    
    
    
    8,713,076Net effect of the assumed exercise of stock
options based on the treasury stock method
using average market prices for the year
    
    
    588,998
    
    
    
    Total weighted average common shares and
common stock equivalents outstanding
    
    
    9,652,101
    
    
    
    8,713,076Net income (loss)
    
    $
    1,775,457
    
    
    $
    (120,978
    )Diluted earnings (losses) per share
    
    $
    0.18
    
    
    $
    (0.01
    )
  Accounting for Uncertainty in Income Taxes -
An Interpretation of FASB Statement No. 109 Accounting for Income Taxes.
 Fair Value Measurements.
 The Fair Value Option for Financial Assets and
Financial Liabilities
 9




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Item 2. Managements Discussion and Analysis of Financial Condition and Results of Operations
  Critical Accounting Policies
    Liquidity and Capital Resources
   RegulatoryActual
    
    MinimumConsolidated
    
    Bank
    
    RequirementLeverage capital ratio
    
    
    10.73
    %
    
    
    10.39
    %
    
    
    4.00
    %Risk-based capital ratios:Tier I capital
    
    
    13.10
    
    
    
    12.69
    
    
    
    4.00Total capital
    
    
    14.25
    
    
    
    13.84
    
    
    
    8.00
 10




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Off-Balance Sheet Risk
   June 30,2007(Dollars in Thousands)Commitments to extend credit
    
    $
    68,569Letters of credit
    
    
    1,532$
    70,101
   Financial Condition
  June 30,
    
    
    December 31,2007
    
    
    2006(Dollars in Thousands)Cash and due from banks
    
    $
    8,418
    
    
    $
    7,344Interest-bearing deposits in banks
    
    
    330
    
    
    
    11,228Federal funds sold
    
    
    16,399
    
    
    
    53,368Securities
    
    
    79,138
    
    
    
    70,115Loans, net
    
    
    485,001
    
    
    
    403,398Premises and equipment
    
    
    30,819
    
    
    
    27,072Other assets
    
    
    9,437
    
    
    
    6,885$
    629,542
    
    
    $
    579,410Deposits
    
    $
    562,033
    
    
    $
    496,693Other borrowings
    
    
    
    
    
    
    15,000Securities sold under repurchase agreement
    
    
    
    
    
    
    1,027Other liabilities
    
    
    2,710
    
    
    
    3,131Stockholders equity
    
    
    64,799
    
    
    
    63,559$
    629,542
    
    
    $
    579,410
 11




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##### Table of Contents



Results of Operations for the Three and Six Months Ended June 30, 2007 and 2006
  Three Months EndedJune 30,2007
    
    
    2006(Dollars in Thousands)Interest income
    
    $
    11,579
    
    
    $
    7,563Interest expense
    
    
    (6,211
    )
    
    
    (3,418
    )Net interest income
    
    
    5,368
    
    
    
    4,145Provision for loan losses
    
    
    (501
    )
    
    
    (631
    )Other income
    
    
    834
    
    
    
    629Other expense
    
    
    (5,150
    )
    
    
    (4,085
    )Pretax income
    
    
    551
    
    
    
    58Income tax (expense) benefit
    
    
    636
    
    
    
    0Net income
    
    $
    1,187
    
    
    $
    58
 Six Months EndedJune 30,2007
    
    
    2006(Dollars in Thousands)Interest income
    
    $
    22,331
    
    
    $
    13,763Interest expense
    
    
    (11,867
    )
    
    
    (6,057
    )Net interest income
    
    
    10,464
    
    
    
    7,706Provision for loan losses
    
    
    (792
    )
    
    
    (1,236
    )Other income
    
    
    1,655
    
    
    
    1,117Other expense
    
    
    (10,188
    )
    
    
    (7,707
    )Pretax income (loss)
    
    
    1,139
    
    
    
    (120
    )Income tax (expense) benefit
    
    
    636
    
    
    
    0Net income (loss)
    
    $
    1,775
    
    
    $
    (120
    )
  12




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Provision and Allowance for Loan Losses
   June 30,2007
    
    2006(Dollars in Thousands)Nonaccrual loans
    
    $
    1,160
    
    
    $
    744Loans contractually past due ninety days or more as to interest
or principal payments and still accruing
    
    
    0
    
    
    
    0Restructured loans
    
    
    0
    
    
    
    0Potential problem loans
    
    
    0
    
    
    
    0Interest income that would have been recorded on non-accrual
and restructured loans under original terms
    
    
    124
    
    
    
    73Interest income that was recorded on non-accrual and restructured loans
    
    
    82
    
    
    
    53
      13




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Six Months EndedJune 30,2007
    
    
    2006(Dollars in Thousands)Average amount of loans outstanding
    
    $
    451,648
    
    
    $
    309,583Balance of allowance for loan losses at beginning of period
    
    $
    5,244
    
    
    $
    3,194Loans charged offCommercial and financial
    
    
    (16
    )
    
    
    (36
    )Real estate mortgage
    
    
    (76
    )
    
    
    (0
    )Installment
    
    
    (176
    )
    
    
    (72
    )(268
    )
    
    
    (108
    )Loans recoveredCommercial and financial
    
    
    1
    
    
    
    2Real estate mortgage
    
    
    0
    
    
    
    0Installment
    
    
    26
    
    
    
    1827
    
    
    
    20Net charge-offs
    
    
    (241
    )
    
    
    (88
    )Additions to allowance charged to operating expense during period
    
    
    793
    
    
    
    1,236Balance of allowance for loan losses at end of period
    
    $
    5,796
    
    
    $
    4,342Ratio of net loans charged off during the period to
average loans outstanding
    
    
    .05
    %
    
    
    .03
    %
 Other Income and Expenses
   Accounting for Income Taxes
 14




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##### Table of Contents



General
  
 Item 3. Quantitative and Qualitative Disclosures About Market Risk
     15




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##### Table of Contents



Analysis of Interest Sensitivity
As of June 30, 2007
(Dollars in Thousands)
 0  3
    
    
    3 - 12
    
    
    Over 1Months
    
    
    Months
    
    
    Year
    
    
    TotalInterest-earning assets:Interest-bearing deposits in banks
    
    
    330
    
    
    
    0
    
    
    
    0
    
    
    
    330Securities
    
    
    1,493
    
    
    
    8,347
    
    
    
    69,298
    
    
    
    79,138FHLB stock
    
    
    1,042
    
    
    
    0
    
    
    
    0
    
    
    
    1,042Federal funds sold
    
    
    16,399
    
    
    
    0
    
    
    
    0
    
    
    
    16,399Loans
    
    
    227,981
    
    
    
    118,413
    
    
    
    144,404
    
    
    
    490,798Total interest-earning assets
    
    
    247,245
    
    
    
    126,760
    
    
    
    213,702
    
    
    
    587,707Interest-bearing liabilities:Interest-bearing demand deposits
    
    
    77,700
    
    
    
    0
    
    
    
    0
    
    
    
    77,700Savings and money markets
    
    
    70,928
    
    
    
    0
    
    
    
    0
    
    
    
    70,928Time deposits
    
    
    128,697
    
    
    
    209,375
    
    
    
    43,274
    
    
    
    381,346Total interest-bearing liabilities
    
    
    277,325
    
    
    
    209,375
    
    
    
    43,274
    
    
    
    529,974Interest rate sensitivity gap
    
    
    (30,080
    )
    
    
    (82,615
    )
    
    
    170,428
    
    
    
    57,733Cumulative interest rate sensitivity gap
    
    
    (30,080
    )
    
    
    (112,695
    )
    
    
    57,733Interest rate sensitivity gap ratio
    
    
    .89
    
    
    
    .61
    
    
    
    4.94Cumulative interest rate sensitivity gap ratio
    
    
    .89
    
    
    
    .77
    
    
    
    1.11
  
 Item 4. Controls and Procedures
  
 PART II. OTHER INFORMATION
 
 Item 1. Legal Proceedings
  
 Item 1A. Risk Factors
  
 Item 2. Unregistered Sales of Equity Securities and Use of Proceeds
  16




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##### Table of Contents



Item 3. Defaults Upon Senior Securities
  
 Item 4. Submission of Matters to a Vote of Security Holders
  (1)
    
    Proposal One  Election of Five Class II Directors
 Name
    
    Votes For
    
    Votes Against/AbstainWalter D. Duke
    
    
    5,841,809
    
    
    
    0George B. Hamil, Jr.
    
    
    5,841,809
    
    
    
    0Terry L. Harper
    
    
    5,841,809
    
    
    
    0Howard J. Lindsey
    
    
    5,841,809
    
    
    
    0Robert L. Stewart, Jr.
    
    
    5,841,809
    
    
    
    0
 (2)
    
    Proposal Two  To approve the FGBC Bancshares, Inc. 2007 Equity Plan as a
replacement to the Companys existing stock option plan.
 Votes For
    
    Votes Against
    
    Abstain
    
    Broker Non-Vote5,243,085
    
    70,293
    
    30,185
    
    498,246
 (3)
    
    Proposal Three  To ratify the selection of Mauldin & Jenkins, LLC as the
Companys independent auditors for 2007.
 Votes For
    
    Votes Against
    
    Abstain5,813,477
    
    15,593
    
    12,739
 
 Item 5. Other Information
  
 Item 6. Exhibits
  10.1
    
    2007 Equity Plan (incorporated by reference to Appendix C to the Registrants
Definitive Proxy Statement filed with the SEC on April 25, 2007, which consists of
pages C-1 through C-18)31.1
    
    Certificate of CEO pursuant to Section 302 of the Sarbanes-Oxley Act of 200231.2
    
    Certificate of CFO pursuant to Section 302 of the Sarbanes-Oxley Act of 200232
    
    Certificate of CEO and CFO pursuant to Section 906 of the Sarbanes-Oxley Act of 2002
 17




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##### Table of Contents



SIGNATURES
  FGBC BANCSHARES, INC.Date: August 10, 2007
    /s/ Jackie L. ReedJackie L. ReedPresident and CEODate: August 10, 2007
    /s/ Teresa L. MartinTeresa L. MartinChief Financial Officer 18