Justia
Forms
Business Contracts
INTERMOUNTAIN COMMUNITY BANCORP
Lending Activities
EX-10.7 2 v06535exv10w7.txt EXHIBIT 10.7 EXHIBIT 10.7 PANHANDLE STATE BANK 2003-2005 LONG TERM EXECUTIVE INCENTIVE PLAN PLAN DOCUMENT January 2003 AMENDED EFFECTIVE MARCH 4, 2005 TABLE OF CONTENTS SECTION PAGE - ------- ---- Purpose 3 Administration 3 Plan Description 3 Eligibility 3 Size of Award Opportunities 4 Performance Criteria and Goals 4 Payout Schedule 4 Withholding 4 Payment 4 Automatic Vesting 4 No Guarantee of Employment 5 Modification and Termination 5 Extraordinary Items 6 Termination 6 Exhibit "A" Participants Exhibit "B" Matrix of Performance
2 PANHANDLE STATE BANK 2003-2005 LONG-TERM INCENTIVE PLAN This document describes the 2003-2005 Long-Term Incentive Plan (the Plan) for Panhandle State Bank (the Bank). 1. PURPOSE. The purpose of the Plan is to provide motivation and direction to key executives to achieve the long-term strategic goals of the Bank. Specific objectives of the Plan include: - Support the Bank's long-term strategic plan. - Provide long-term orientation to decision making - Focus participants' attention on maximizing long-term shareholder value. 2. ADMINISTRATION. The Plan will be administered by the Compensation Committee of the Board of Directors of Intermountain Community Bancorp (the Committee). The Committee will assure that the Plan is implemented and maintained according to Plan provisions. 3. PLAN DESCRIPTION. The Plan will provide participants with long-term financial reward opportunities based on achieving minimum levels of long-term performance goals. The Plan consists of a matrix which will reward the participants providing the minimum long-term corporate goals are obtained, and, if achieved, stock grants will be provided to Plan participants such that fifty (50%) percent of the long-term reward will be provided to Plan participants in 2006 and the remaining fifty (50%) percent to be provided in 2007. The minimum performance levels are to be based upon a three (3) year running average of return on equity and net asset growth. 4. ELIGIBILITY. Participants in the Plan will include key members of the executive team of the Bank. The CEO of the Bank will recommend who participates in the Plan for Committee approval. The CEO will communicate such participation to each participant at the beginning of each Plan Performance Period. Participants must be continuously employed at the Bank for all three (3) years of the Long-Term Plan and must further remain employed until December 1, 2006, in order to receive the first half of the grant and continue to be employed until December 1, 2007, for the second half of the grant. Participants for the 2003-2005 Long-Term Plan are listed on Exhibit "A" of this Plan. 3 At the beginning of each calendar year, the CEO will review and, if appropriate, revise Plan participation for the remaining period of the Long-Term Plan. 5. SIZE OF AWARD OPPORTUNITIES. To be most effective, payout opportunities must be meaningful and competitive. To accomplish this, there has been established a matrix which will award participants for bank performance so long as minimum levels of return on equity and average asset growth over a three year period are met. If the Bank's performance is in excess of the minimums, the Plan's participant benefits will increase as performance increases. The performance matrix for each participant in this Plan is attached hereto as Exhibit "B". The stock grants awarded shall be adjusted for any stock splits/dividends issued during the term of the Plan. 6. PERFORMANCE CRITERIA AND GOALS. The performance criteria of consolidated average annual return on equity of Intermountain Community Bancorp and consolidated average annual asset growth of Intermountain Community Bancorp for the three-year period covering fiscal years 2003 through 2005 will support the maximization of long-term shareholder value. At the beginning of each fiscal year, the CEO will provide to the Committee the performance pursuant to the Plan for the prior calendar year. 7. PAYOUT SCHEDULE. The benefits, if any, to be paid to the executives shall vest such that fifty (50%) percent of the benefits are to be paid on December 1, 2006, and the remaining fifty (50%) percent to be paid on December 1, 2007. As a condition precedent to the award of any benefits pursuant to this Plan, the executive will be required to remain employed by the Bank at the time of the payout of benefits. 8. WITHHOLDING. The Bank shall deduct the regulatory tax withholding amounts from any earned awards that are paid, and participant shall be responsible for any tax implications associated with the award. 9. PAYMENT. Benefits to be awarded pursuant to this Plan, if any, shall be in the form of a stock grant to the executive according to the applicable matrix attached as Exhibit "B". 10. AUTOMATIC VESTING. If a change in control of Intermountain Community Bancorp occurs before the end of the 4 three-year period covering fiscal years 2003 through 2005, the stock grants awarded to participants under the Plan shall be determined as of the date the change in control occurred rather than as of the end of the three-year period. The stock grants shall be determined by the Committee based on Intermountain Community Bancorp's consolidated average annual return on equity and consolidated average annual asset growth through the most recent quarter end before the change in control occurred. If the most recent quarter end is an interim period, the Committee may make annualizing or other appropriate adjustments to consolidated average annual return on equity and consolidated average annual asset growth. The stock grants shall be similarly determined for any participant who dies or who becomes disabled (as determined by the Committee) before the end of the three-year period, based on consolidated average annual return on equity and consolidated average annual asset growth through the most recent quarter end before death or disability occurred. Once a participant's stock grant is determined after a change in control or after the participant's death or disability, the stock grant shall be paid to the participant as promptly as practicable, rather than according to the schedule set forth in section 7 (50% on December 1, 2006 and 50% on December 1, 2007), and the requirement that a participant remain employed through December 1, 2007 to claim entitlement to the full amount of his stock grant shall not apply. If a change in control occurs after December 31, 2005 or if the participant dies or becomes disabled after December 31, 2005 but before the stock grant is paid according to the schedule set forth in section 7, the stock grant shall likewise be paid to the participant as promptly as practicable and the requirement that the participant remain employed through December 1, 2007 to claim entitlement to the full amount of his stock grant shall not apply. For purposes of this section 10, the term change in control shall mean a change in the ownership of Intermountain Community Bancorp, a change in effective control of Intermountain Community Bancorp, or a change in the ownership of a substantial portion of the assets of Intermountain Community Bancorp, as those terms are defined in Internal Revenue Code section 409A or in regulations or guidance of general applicability issued by the Treasury Department under Section 409A of the Internal Revenue Code, including the Treasury Department's Notice 2005-1, Part IV.B (questions 11 through 14), contained in Internal Revenue Bulletin 2005-2 (January 10, 2005). For purposes of this section 10, the term disability means that, because of any medically determinable physical or mental impairment that can be expected to result in death or can be expected to last for a continuous period of at least 12 months, the participant is unable to engage in any substantial gainful activity or the participant is receiving income replacement benefits for a period of at least three months under an accident and health plan covering employees of the Bank. The existence of disability shall be determined by the Committee. 11. NO GUARANTEE OF EMPLOYMENT. Nothing in the Plan or any Plan materials guarantees employment at the Bank. Further, this Plan should not be implied as any contract agreement. 12. MODIFICATION AND TERMINATION. The Committee has the right to amend or terminate the Plan at any time. However, 5 termination or modification of the Plan during a Performance Period will not negatively affect performance goals and payout opportunities up until the point of termination. 13. EXTRAORDINARY ITEMS. The Committee has the authority but no obligation to exclude any extraordinary accounting items such as changes in generally accepted accounting procedures, sales or major assets or regulatory changes. 14. TERMINATION. Participants must be continuously employed by the Bank throughout the 2003-2005 performance period and must further continue to be employed until December 1, 2006, in order to receive fifty (50%) percent of the benefits and December 1, 2007, in order to receive the balance of the benefits. Participants who become fully disabled or die during the long-term Plan will receive benefits pursuant to the Plan on a pro-rata basis based upon the performance results through the most recent quarter end. Participants who voluntarily or involuntarily terminate their employment prior to receiving benefits under this Plan shall forfeit automatically their rights to any award. 6 Exhibit "A" - Participants 2003 - 2005 Long Term Plan Curt Hecker Chief Executive Officer Jerry Smith President, Branch Administration Doug Wright Executive Vice President & Chief Financial Officer John Nagel Senior Vice President & Credit Administrator 7 PANHANDLE BANK Long-Term Incentive Program COMPANY TOTAL SHARES Asset Growth ------------------------------------------------------------------------------------------------------------------ ROE 58.0% 60.0% 62.0% 64.0% 66.0% 68.0% 70.0% 72.0% 74.0% 76.0% - ----- ------ ------ ------ ------ ------ ------ ------ ------ ------ ------ 12.00% 10,060 10,720 11,380 12,040 12,700 13,360 14,020 14,680 15,340 16,000 12.25% 10,240 10,920 11,600 12,280 12,960 13,640 14,320 15,000 15,680 16,360 12.50% 10,480 11,180 11,880 12,580 13,280 13,980 14,680 15,380 16,080 16,780 12.75% 10,720 11,440 12,160 12,880 13,600 14,320 15,040 15,760 16,480 17,200 13.00% 10,960 11,700 12,440 13,180 13,920 14,660 15,400 16,140 16,880 17,620 13.25% 11,210 11,950 12,690 13,430 14,170 14,910 15,650 16,390 17,130 17,870 13.50% 11,480 12,240 13,000 13,760 14,520 15,280 16,040 16,800 17,560 18,320 13.75% 11,740 12,530 13,320 14,110 14,900 15,690 16,480 17,270 18,060 18,850 14.00% 12,000 12,800 13,600 14,400 15,200 16,000 16,800 17,600 18,400 19,200 14.25% 12,270 13,090 13,910 14,730 15,550 16,370 17,190 18,010 18,830 19,650 14.50% 12,560 13,400 14,240 15,080 15,920 16,760 17,600 18,440 19,280 20,120 14.75% 12,840 13,700 14,560 15,420 16,280 17,140 18,000 18,860 19,720 20,580 15.00% 13,120 14,000 14,880 15,760 16,640 17,520 18,400 19,280 20,160 21,040 15.25% 13,440 14,340 15,240 16,140 17,040 17,940 18,840 19,740 20,640 21,540 15.50% 13,750 14,670 15,590 16,510 17,430 18,350 19,270 20,190 21,110 22,030 15.75% 14,060 15,010 15,960 16,910 17,860 18,810 19,760 20,710 21,660 22,610 16.00% 14,380 15,340 16,300 17,260 18,220 19,180 20,140 21,100 22,060 23,020 16.25% 14,700 15,670 16,640 17,610 18,580 19,550 20,520 21,490 22,460 23,430 16.50% 15,040 16,050 17,060 18,070 19,080 20,090 21,100 22,110 23,120 24,130 16.75% 15,380 16,400 17,420 18,440 19,460 20,480 21,500 22,520 23,540 24,560 17.00% 15,740 16,790 17,840 18,890 19,940 20,990 22,040 23,090 24,140 25,190 17.25% 16,100 17,180 18,260 19,340 20,420 21,500 22,580 23,660 24,740 25,820 17.50% 16,450 17,550 18,650 19,750 20,850 21,950 23,050 24,150 25,250 26,350 17.75% 16,840 17,960 19,080 20,200 21,320 22,440 23,560 24,680 25,800 26,920 18.00% 17,220 18,360 19,500 20,640 21,780 22,920 24,060 25,200 26,340 27,480 18.25% 17,620 18,800 19,980 21,160 22,340 23,520 24,700 25,880 27,060 28,240 18.50% 18,030 19,220 20,410 21,600 22,790 23,980 25,170 26,360 27,550 28,740 18.75% 18,430 19,660 20,890 22,120 23,350 24,580 25,810 27,040 28,270 29,500 19.00% 18,850 20,110 21,370 22,630 23,890 25,150 26,410 27,670 28,930 30,190 19.25% 19,280 20,570 21,860 23,150 24,440 25,730 27,020 28,310 29,600 30,890 19.50% 19,720 21,040 22,360 23,680 25,000 26,320 27,640 28,960 30,280 31,600 19.75% 20,170 21,510 22,850 24,190 25,530 26,870 28,210 29,550 30,890 32,230 20.00% 20,630 22,010 23,390 24,770 26,150 27,530 28,910 30,290 31,670 33,050 20.25% 21,100 22,500 23,900 25,300 26,700 28,100 29,500 30,900 32,300 33,700 20.50% 21,590 23,030 24,470 25,910 27,350 28,790 30,230 31,670 33,110 34,550 20.75% 22,080 23,560 25,040 26,520 28,000 29,480 30,960 32,440 33,920 35,400 21.00% 22,590 24,100 25,610 27,120 28,630 30,140 31,650 33,160 34,670 36,180 21.25% 23,100 24,640 26,180 27,720 29,260 30,800 32,340 33,880 35,420 36,960 21.50% 23,620 25,200 26,780 28,360 29,940 31,520 33,100 34,680 36,260 37,840 21.75% 24,160 25,780 27,400 29,020 30,640 32,260 33,880 35,500 37,120 38,740 22.00% 24,760 26,400 28,040 29,680 31,320 32,960 34,600 36,240 37,880 39,520 Asset Growth ------------------------------------------------------------------------------------------------------ ROE 78.0% 80.0% 82.0% 84.0% 86.0% 88.0% 90.0% 92.0% 94.0% - ----- ------ ------ ------ ------ ------ ------ ------ ------ ------ 12.00% 16,700 17,330 17,960 18,590 19,220 19,850 20,480 21,110 21,740 12.25% 17,080 17,720 18,360 19,000 19,640 20,280 20,920 21,560 22,200 12.50% 17,470 18,130 18,790 19,450 20,110 20,770 21,430 22,090 22,750 12.75% 17,860 18,530 19,200 19,870 20,540 21,210 21,880 22,550 23,220 13.00% 18,270 18,950 19,630 20,310 20,990 21,670 22,350 23,030 23,710 13.25% 18,690 19,390 20,090 20,790 21,490 22,190 22,890 23,590 24,290 13.50% 19,120 19,840 20,560 21,280 22,000 22,720 23,440 24,160 24,880 13.75% 19,560 20,300 21,040 21,780 22,520 23,260 24,000 24,740 25,480 14.00% 20,000 20,750 21,500 22,250 23,000 23,750 24,500 25,250 26,000 14.25% 20,460 21,220 21,980 22,740 23,500 24,260 25,020 25,780 26,540 14.50% 20,920 21,710 22,500 23,290 24,080 24,870 25,660 26,450 27,240 14.75% 21,400 22,200 23,000 23,800 24,600 25,400 26,200 27,000 27,800 15.00% 21,890 22,710 23,530 24,350 25,170 25,990 26,810 27,630 28,450 15.25% 22,390 23,230 24,070 24,910 25,750 26,590 27,430 28,270 29,110 15.50% 22,910 23,770 24,630 25,490 26,350 27,210 28,070 28,930 29,790 15.75% 23,430 24,310 25,190 26,070 26,950 27,830 28,710 29,590 30,470 16.00% 23,960 24,860 25,760 26,660 27,560 28,460 29,360 30,260 31,160 16.25% 24,500 25,420 26,340 27,260 28,180 29,100 30,020 30,940 31,860 16.50% 25,060 26,010 26,960 27,910 28,860 29,810 30,760 31,710 32,660 16.75% 25,640 26,600 27,560 28,520 29,480 30,440 31,400 32,360 33,320 17.00% 26,220 27,190 28,160 29,130 30,100 31,070 32,040 33,010 33,980 17.25% 26,820 27,830 28,840 29,850 30,860 31,870 32,880 33,890 34,900 17.50% 27,430 28,450 29,470 30,490 31,510 32,530 33,550 34,570 35,590 17.75% 28,060 29,120 30,180 31,240 32,300 33,360 34,420 35,480 36,540 18.00% 28,700 29,780 30,860 31,940 33,020 34,100 35,180 36,260 37,340 18.25% 29,360 30,460 31,560 32,660 33,760 34,860 35,960 37,060 38,160 18.50% 30,040 31,160 32,280 33,400 34,520 35,640 36,760 37,880 39,000 18.75% 30,720 31,880 33,040 34,200 35,360 36,520 37,680 38,840 40,000 19.00% 31,420 32,600 33,780 34,960 36,140 37,320 38,500 39,680 40,860 19.25% 32,140 33,340 34,540 35,740 36,940 38,140 39,340 40,540 41,740 19.50% 32,880 34,120 35,360 36,600 37,840 39,080 40,320 41,560 42,800 19.75% 33,630 34,890 36,150 37,410 38,670 39,930 41,190 42,450 43,710 20.00% 34,390 35,690 36,990 38,290 39,590 40,890 42,190 43,490 44,790 20.25% 35,180 36,500 37,820 39,140 40,460 41,780 43,100 44,420 45,740 20.50% 35,980 37,320 38,660 40,000 41,340 42,680 44,020 45,360 46,700 20.75% 36,800 38,180 39,560 40,940 42,320 43,700 45,080 46,460 47,840 21.00% 37,640 39,050 40,460 41,870 43,280 44,690 46,100 47,510 48,920 21.25% 38,500 39,950 41,400 42,850 44,300 45,750 47,200 48,650 50,100 21.50% 39,380 40,860 42,340 43,820 45,300 46,780 48,260 49,740 51,220 21.75% 40,280 41,800 43,320 44,840 46,360 47,880 49,400 50,920 52,440 22.00% 41,240 42,780 44,320 45,860 47,400 48,940 50,480 52,020 53,600
PANHANDLE BANK Long-Term Incentive Program Executive - JS NUMBER OF SHARES Asset Growth ----------------------------------------------------------------------------------------------------------------- ROE 58.0% 60.0% 62.0% 64.0% 66.0% 68.0% 70.0% 72.0% 74.0% 76.0% - ----- ----- ----- ----- ----- ----- ----- ----- ----- ----- ----- 12.00% 1,880 2,000 2,120 2,240 2,360 2,480 2,600 2,720 2,840 2,960 12.25% 1,910 2,040 2,170 2,300 2,430 2,560 2,690 2,820 2,950 3,080 12.50% 1,960 2,090 2,220 2,350 2,480 2,610 2,740 2,870 3,000 3,130 12.75% 2,000 2,130 2,260 2,390 2,520 2,650 2,780 2,910 3,040 3,170 13.00% 2,050 2,190 2,330 2,470 2,610 2,750 2,890 3,030 3,170 3,310 13.25% 2,090 2,230 2,370 2,510 2,650 2,790 2,930 3,070 3,210 3,350 13.50% 2,140 2,280 2,420 2,560 2,700 2,840 2,980 3,120 3,260 3,400 13.75% 2,190 2,340 2,490 2,640 2,790 2,940 3,090 3,240 3,390 3,540 14.00% 2,240 2,390 2,540 2,690 2,840 2,990 3,140 3,290 3,440 3,590 14.25% 2,290 2,440 2,590 2,740 2,890 3,040 3,190 3,340 3,490 3,640 14.50% 2,350 2,510 2,670 2,830 2,990 3,150 3,310 3,470 3,630 3,790 14.75% 2,400 2,560 2,720 2,880 3,040 3,200 3,360 3,520 3,680 3,840 15.00% 2,450 2,610 2,770 2,930 3,090 3,250 3,410 3,570 3,730 3,890 15.25% 2,510 2,680 2,850 3,020 3,190 3,360 3,530 3,700 3,870 4,040 15.50% 2,570 2,740 2,910 3,080 3,250 3,420 3,590 3,760 3,930 4,100 15.75% 2,630 2,810 2,990 3,170 3,350 3,530 3,710 3,890 4,070 4,250 16.00% 2,690 2,870 3,050 3,230 3,410 3,590 3,770 3,950 4,130 4,310 16.25% 2,750 2,930 3,110 3,290 3,470 3,650 3,830 4,010 4,190 4,370 16.50% 2,810 3,000 3,190 3,380 3,570 3,760 3,950 4,140 4,330 4,520 16.75% 2,870 3,060 3,250 3,440 3,630 3,820 4,010 4,200 4,390 4,580 17.00% 2,940 3,140 3,340 3,540 3,740 3,940 4,140 4,340 4,540 4,740 17.25% 3,010 3,210 3,410 3,610 3,810 4,010 4,210 4,410 4,610 4,810 17.50% 3,070 3,280 3,490 3,700 3,910 4,120 4,330 4,540 4,750 4,960 17.75% 3,140 3,350 3,560 3,770 3,980 4,190 4,400 4,610 4,820 5,030 18.00% 3,220 3,430 3,640 3,850 4,060 4,270 4,480 4,690 4,900 5,110 18.25% 3,290 3,510 3,730 3,950 4,170 4,390 4,610 4,830 5,050 5,270 18.50% 3,370 3,590 3,810 4,030 4,250 4,470 4,690 4,910 5,130 5,350 18.75% 3,440 3,670 3,900 4,130 4,360 4,590 4,820 5,050 5,280 5,510 19.00% 3,520 3,760 4,000 4,240 4,480 4,720 4,960 5,200 5,440 5,680 19.25% 3,600 3,840 4,080 4,320 4,560 4,800 5,040 5,280 5,520 5,760 19.50% 3,680 3,930 4,180 4,430 4,680 4,930 5,180 5,430 5,680 5,930 19.75% 3,770 4,020 4,270 4,520 4,770 5,020 5,270 5,520 5,770 6,020 20.00% 3,850 4,110 4,370 4,630 4,890 5,150 5,410 5,670 5,930 6,190 20.25% 3,940 4,200 4,460 4,720 4,980 5,240 5,500 5,760 6,020 6,280 20.50% 4,030 4,300 4,570 4,840 5,110 5,380 5,650 5,920 6,190 6,460 20.75% 4,120 4,400 4,680 4,960 5,240 5,520 5,800 6,080 6,360 6,640 21.00% 4,220 4,500 4,780 5,060 5,340 5,620 5,900 6,180 6,460 6,740 21.25% 4,310 4,600 4,890 5,180 5,470 5,760 6,050 6,340 6,630 6,920 21.50% 4,410 4,700 4,990 5,280 5,570 5,860 6,150 6,440 6,730 7,020 21.75% 4,510 4,810 5,110 5,410 5,710 6,010 6,310 6,610 6,910 7,210 22.00% 4,610 4,920 5,230 5,540 5,850 6,160 6,470 6,780 7,090 7,400 Asset Growth ----------------------------------------------------------------------------------------------------- ROE 78.0% 80.0% 82.0% 84.0% 86.0% 88.0% 90.0% 92.0% 94.0% - ----- ----- ----- ----- ----- ----- ----- ----- ----- ----- 12.00% 3,120 3,240 3,360 3,480 3,600 3,720 3,840 3,960 4,050 12.25% 3,190 3,310 3,430 3,550 3,670 3,790 3,910 4,030 4,150 12.50% 3,260 3,380 3,500 3,620 3,740 3,860 3,980 4,100 4,220 12.75% 3,330 3,450 3,570 3,690 3,810 3,930 4,050 4,170 4,290 13.00% 3,410 3,540 3,670 3,800 3,930 4,060 4,190 4,320 4,450 13.25% 3,490 3,620 3,750 3,880 4,010 4,140 4,270 4,400 4,530 13.50% 3,570 3,700 3,830 3,960 4,090 4,220 4,350 4,480 4,610 13.75% 3,650 3,790 3,930 4,070 4,210 4,350 4,490 4,630 4,770 14.00% 3,730 3,870 4,010 4,150 4,290 4,430 4,570 4,710 4,850 14.25% 3,820 3,960 4,100 4,240 4,380 4,520 4,660 4,800 4,940 14.50% 3,910 4,060 4,210 4,360 4,510 4,660 4,810 4,960 5,110 14.75% 4,000 4,150 4,300 4,450 4,600 4,750 4,900 5,050 5,200 15.00% 4,090 4,240 4,390 4,540 4,690 4,840 4,990 5,140 5,290 15.25% 4,180 4,340 4,500 4,660 4,820 4,980 5,140 5,300 5,460 15.50% 4,280 4,440 4,600 4,760 4,920 5,080 5,240 5,400 5,560 15.75% 4,380 4,540 4,700 4,860 5,020 5,180 5,340 5,500 5,660 16.00% 4,480 4,650 4,820 4,990 5,160 5,330 5,500 5,670 5,840 16.25% 4,580 4,750 4,920 5,090 5,260 5,430 5,600 5,770 5,940 16.50% 4,680 4,860 5,040 5,220 5,400 5,580 5,760 5,940 6,120 16.75% 4,790 4,970 5,150 5,330 5,510 5,690 5,870 6,050 6,230 17.00% 4,900 5,080 5,260 5,440 5,620 5,800 5,980 6,160 6,340 17.25% 5,010 5,200 5,390 5,580 5,770 5,960 6,150 6,340 6,530 17.50% 5,120 5,310 5,500 5,690 5,880 6,070 6,260 6,450 6,640 17.75% 5,240 5,440 5,640 5,840 6,040 6,240 6,440 6,640 6,840 18.00% 5,360 5,560 5,760 5,960 6,160 6,360 6,560 6,760 6,960 18.25% 5,480 5,690 5,900 6,110 6,320 6,530 6,740 6,950 7,160 18.50% 5,610 5,820 6,030 6,240 6,450 6,660 6,870 7,080 7,290 18.75% 5,740 5,960 6,180 6,400 6,620 6,840 7,060 7,280 7,500 19.00% 5,870 6,090 6,310 6,530 6,750 6,970 7,190 7,410 7,630 19.25% 6,000 6,230 6,460 6,690 6,920 7,150 7,380 7,610 7,840 19.50% 6,140 6,370 6,600 6,830 7,060 7,290 7,520 7,750 7,980 19.75% 6,280 6,520 6,760 7,000 7,240 7,480 7,720 7,960 8,200 20.00% 6,420 6,660 6,900 7,140 7,380 7,620 7,860 8,100 8,340 20.25% 6,570 6,820 7,070 7,320 7,570 7,820 8,070 8,320 8,570 20.50% 6,720 6,970 7,220 7,470 7,720 7,970 8,220 8,470 8,720 20.75% 6,870 7,130 7,390 7,650 7,910 8,170 8,430 8,690 8,950 21.00% 7,030 7,290 7,550 7,810 8,070 8,330 8,590 8,850 9,110 21.25% 7,190 7,460 7,730 8,000 8,270 8,540 8,810 9,080 9,350 21.50% 7,350 7,630 7,910 8,190 8,470 8,750 9,030 9,310 9,590 21.75% 7,520 7,800 8,080 8,360 8,640 8,920 9,200 9,480 9,760 22.00% 7,690 7,980 8,270 8,560 8,850 9,140 9,430 9,720 10,000
PANHANDLE BANK Long-Term Incentive Program Executive - DW NUMBER OF SHARES Asset Growth ----------------------------------------------------------------------------------------------------------------- ROE 58.0% 60.0% 62.0% 64.0% 66.0% 68.0% 70.0% 72.0% 74.0% 76.0% - ----- ----- ----- ----- ----- ----- ----- ----- ----- ----- ----- 12.00% 1,790 1,910 2,030 2,150 2,270 2,390 2,510 2,630 2,750 2,870 12.25% 1,810 1,930 2,050 2,170 2,290 2,410 2,530 2,650 2,770 2,890 12.50% 1,850 1,970 2,090 2,210 2,330 2,450 2,570 2,690 2,810 2,930 12.75% 1,900 2,030 2,160 2,290 2,420 2,550 2,680 2,810 2,940 3,070 13.00% 1,940 2,070 2,200 2,330 2,460 2,590 2,720 2,850 2,980 3,110 13.25% 1,980 2,110 2,240 2,370 2,500 2,630 2,760 2,890 3,020 3,150 13.50% 2,030 2,170 2,310 2,450 2,590 2,730 2,870 3,010 3,150 3,290 13.75% 2,080 2,220 2,360 2,500 2,640 2,780 2,920 3,060 3,200 3,340 14.00% 2,120 2,260 2,400 2,540 2,680 2,820 2,960 3,100 3,240 3,380 14.25% 2,170 2,320 2,470 2,620 2,770 2,920 3,070 3,220 3,370 3,520 14.50% 2,220 2,370 2,520 2,670 2,820 2,970 3,120 3,270 3,420 3,570 14.75% 2,270 2,420 2,570 2,720 2,870 3,020 3,170 3,320 3,470 3,620 15.00% 2,320 2,480 2,640 2,800 2,960 3,120 3,280 3,440 3,600 3,760 15.25% 2,380 2,540 2,700 2,860 3,020 3,180 3,340 3,500 3,660 3,820 15.50% 2,430 2,590 2,750 2,910 3,070 3,230 3,390 3,550 3,710 3,870 15.75% 2,480 2,650 2,820 2,990 3,160 3,330 3,500 3,670 3,840 4,010 16.00% 2,540 2,710 2,880 3,050 3,220 3,390 3,560 3,730 3,900 4,070 16.25% 2,600 2,770 2,940 3,110 3,280 3,450 3,620 3,790 3,960 4,130 16.50% 2,660 2,840 3,020 3,200 3,380 3,560 3,740 3,920 4,100 4,280 16.75% 2,720 2,900 3,080 3,260 3,440 3,620 3,800 3,980 4,160 4,340 17.00% 2,780 2,970 3,160 3,350 3,540 3,730 3,920 4,110 4,300 4,490 17.25% 2,840 3,030 3,220 3,410 3,600 3,790 3,980 4,170 4,360 4,550 17.50% 2,910 3,100 3,290 3,480 3,670 3,860 4,050 4,240 4,430 4,620 17.75% 2,980 3,180 3,380 3,580 3,780 3,980 4,180 4,380 4,580 4,780 18.00% 3,040 3,240 3,440 3,640 3,840 4,040 4,240 4,440 4,640 4,840 18.25% 3,110 3,320 3,530 3,740 3,950 4,160 4,370 4,580 4,790 5,000 18.50% 3,190 3,400 3,610 3,820 4,030 4,240 4,450 4,660 4,870 5,080 18.75% 3,260 3,480 3,700 3,920 4,140 4,360 4,580 4,800 5,020 5,240 19.00% 3,330 3,550 3,770 3,990 4,210 4,430 4,650 4,870 5,090 5,310 19.25% 3,410 3,640 3,870 4,100 4,330 4,560 4,790 5,020 5,250 5,480 19.50% 3,490 3,720 3,950 4,180 4,410 4,640 4,870 5,100 5,330 5,560 19.75% 3,560 3,800 4,040 4,280 4,520 4,760 5,000 5,240 5,480 5,720 20.00% 3,650 3,890 4,130 4,370 4,610 4,850 5,090 5,330 5,570 5,810 20.25% 3,730 3,980 4,230 4,480 4,730 4,980 5,230 5,480 5,730 5,980 20.50% 3,820 4,070 4,320 4,570 4,820 5,070 5,320 5,570 5,820 6,070 20.75% 3,910 4,170 4,430 4,690 4,950 5,210 5,470 5,730 5,990 6,250 21.00% 4,000 4,270 4,540 4,810 5,080 5,350 5,620 5,890 6,160 6,430 21.25% 4,090 4,360 4,630 4,900 5,170 5,440 5,710 5,980 6,250 6,520 21.50% 4,180 4,460 4,740 5,020 5,300 5,580 5,860 6,140 6,420 6,700 21.75% 4,280 4,570 4,860 5,150 5,440 5,730 6,020 6,310 6,600 6,890 22.00% 4,390 4,680 4,970 5,260 5,550 5,840 6,130 6,420 6,710 7,000 Asset Growth ----------------------------------------------------------------------------------------------------- ROE 78.0% 80.0% 82.0% 84.0% 86.0% 88.0% 90.0% 92.0% 94.0% - ----- ----- ----- ----- ----- ----- ----- ----- ----- ----- 12.00% 2,950 3,060 3,170 3,280 3,390 3,500 3,610 3,720 3,850 12.25% 3,020 3,130 3,240 3,350 3,460 3,570 3,680 3,790 3,900 12.50% 3,090 3,210 3,330 3,450 3,570 3,690 3,810 3,930 4,050 12.75% 3,160 3,280 3,400 3,520 3,640 3,760 3,880 4,000 4,120 13.00% 3,230 3,350 3,470 3,590 3,710 3,830 3,950 4,070 4,190 13.25% 3,300 3,420 3,540 3,660 3,780 3,900 4,020 4,140 4,260 13.50% 3,380 3,510 3,640 3,770 3,900 4,030 4,160 4,290 4,420 13.75% 3,460 3,590 3,720 3,850 3,980 4,110 4,240 4,370 4,500 14.00% 3,540 3,670 3,800 3,930 4,060 4,190 4,320 4,450 4,580 14.25% 3,620 3,760 3,900 4,040 4,180 4,320 4,460 4,600 4,740 14.50% 3,700 3,840 3,980 4,120 4,260 4,400 4,540 4,680 4,820 14.75% 3,780 3,920 4,060 4,200 4,340 4,480 4,620 4,760 4,900 15.00% 3,870 4,020 4,170 4,320 4,470 4,620 4,770 4,920 5,070 15.25% 3,960 4,110 4,260 4,410 4,560 4,710 4,860 5,010 5,160 15.50% 4,050 4,200 4,350 4,500 4,650 4,800 4,950 5,100 5,250 15.75% 4,140 4,300 4,460 4,620 4,780 4,940 5,100 5,260 5,420 16.00% 4,230 4,390 4,550 4,710 4,870 5,030 5,190 5,350 5,510 16.25% 4,330 4,490 4,650 4,810 4,970 5,130 5,290 5,450 5,610 16.50% 4,430 4,600 4,770 4,940 5,110 5,280 5,450 5,620 5,790 16.75% 4,530 4,700 4,870 5,040 5,210 5,380 5,550 5,720 5,890 17.00% 4,630 4,800 4,970 5,140 5,310 5,480 5,650 5,820 5,990 17.25% 4,740 4,920 5,100 5,280 5,460 5,640 5,820 6,000 6,180 17.50% 4,850 5,030 5,210 5,390 5,570 5,750 5,930 6,110 6,290 17.75% 4,960 5,150 5,340 5,530 5,720 5,910 6,100 6,290 6,480 18.00% 5,070 5,260 5,450 5,640 5,830 6,020 6,210 6,400 6,590 18.25% 5,190 5,380 5,570 5,760 5,950 6,140 6,330 6,520 6,710 18.50% 5,310 5,510 5,710 5,910 6,110 6,310 6,510 6,710 6,910 18.75% 5,430 5,630 5,830 6,030 6,230 6,430 6,630 6,830 7,030 19.00% 5,550 5,760 5,970 6,180 6,390 6,600 6,810 7,020 7,230 19.25% 5,680 5,890 6,100 6,310 6,520 6,730 6,940 7,150 7,360 19.50% 5,810 6,030 6,250 6,470 6,690 6,910 7,130 7,350 7,570 19.75% 5,940 6,160 6,380 6,600 6,820 7,040 7,260 7,480 7,700 20.00% 6,080 6,310 6,540 6,770 7,000 7,230 7,460 7,690 7,920 20.25% 6,220 6,450 6,680 6,910 7,140 7,370 7,600 7,830 8,060 20.50% 6,360 6,600 6,840 7,080 7,320 7,560 7,800 8,040 8,280 20.75% 6,510 6,750 6,990 7,230 7,470 7,710 7,950 8,190 8,430 21.00% 6,660 6,910 7,160 7,410 7,660 7,910 8,160 8,410 8,660 21.25% 6,810 7,070 7,330 7,590 7,850 8,110 8,370 8,630 8,890 21.50% 6,970 7,230 7,490 7,750 8,010 8,270 8,530 8,790 9,050 21.75% 7,130 7,400 7,670 7,940 8,210 8,480 8,750 9,020 9,290 22.00% 7,310 7,580 7,850 8,120 8,390 8,660 8,930 9,200 9,500
PANHANDLE BANK Long-Term Incentive Program Executive - JN NUMBER OF SHARES Asset Growth ----------------------------------------------------------------------------------------------------------------- ROE 58.0% 60.0% 62.0% 64.0% 66.0% 68.0% 70.0% 72.0% 74.0% 76.0% - ----- ----- ----- ----- ----- ----- ----- ----- ----- ----- ----- 12.00% 1,360 1,450 1,540 1,630 1,720 1,810 1,900 1,990 2,080 2,170 12.25% 1,400 1,490 1,580 1,670 1,760 1,850 1,940 2,030 2,120 2,210 12.50% 1,430 1,530 1,630 1,730 1,830 1,930 2,030 2,130 2,230 2,330 12.75% 1,460 1,560 1,660 1,760 1,860 1,960 2,060 2,160 2,260 2,360 13.00% 1,490 1,590 1,690 1,790 1,890 1,990 2,090 2,190 2,290 2,390 13.25% 1,530 1,630 1,730 1,830 1,930 2,030 2,130 2,230 2,330 2,430 13.50% 1,570 1,670 1,770 1,870 1,970 2,070 2,170 2,270 2,370 2,470 13.75% 1,600 1,710 1,820 1,930 2,040 2,150 2,260 2,370 2,480 2,590 14.00% 1,640 1,750 1,860 1,970 2,080 2,190 2,300 2,410 2,520 2,630 14.25% 1,670 1,780 1,890 2,000 2,110 2,220 2,330 2,440 2,550 2,660 14.50% 1,710 1,820 1,930 2,040 2,150 2,260 2,370 2,480 2,590 2,700 14.75% 1,750 1,870 1,990 2,110 2,230 2,350 2,470 2,590 2,710 2,830 15.00% 1,790 1,910 2,030 2,150 2,270 2,390 2,510 2,630 2,750 2,870 15.25% 1,840 1,960 2,080 2,200 2,320 2,440 2,560 2,680 2,800 2,920 15.50% 1,880 2,010 2,140 2,270 2,400 2,530 2,660 2,790 2,920 3,050 15.75% 1,920 2,050 2,180 2,310 2,440 2,570 2,700 2,830 2,960 3,090 16.00% 1,960 2,090 2,220 2,350 2,480 2,610 2,740 2,870 3,000 3,130 16.25% 2,000 2,130 2,260 2,390 2,520 2,650 2,780 2,910 3,040 3,170 16.50% 2,050 2,190 2,330 2,470 2,610 2,750 2,890 3,030 3,170 3,310 16.75% 2,100 2,240 2,380 2,520 2,660 2,800 2,940 3,080 3,220 3,360 17.00% 2,150 2,290 2,430 2,570 2,710 2,850 2,990 3,130 3,270 3,410 17.25% 2,200 2,350 2,500 2,650 2,800 2,950 3,100 3,250 3,400 3,550 17.50% 2,240 2,390 2,540 2,690 2,840 2,990 3,140 3,290 3,440 3,590 17.75% 2,300 2,450 2,600 2,750 2,900 3,050 3,200 3,350 3,500 3,650 18.00% 2,350 2,510 2,670 2,830 2,990 3,150 3,310 3,470 3,630 3,790 18.25% 2,410 2,570 2,730 2,890 3,050 3,210 3,370 3,530 3,690 3,850 18.50% 2,460 2,620 2,780 2,940 3,100 3,260 3,420 3,580 3,740 3,900 18.75% 2,510 2,680 2,850 3,020 3,190 3,360 3,530 3,700 3,870 4,040 19.00% 2,570 2,740 2,910 3,080 3,250 3,420 3,590 3,760 3,930 4,100 19.25% 2,630 2,810 2,990 3,170 3,350 3,530 3,710 3,890 4,070 4,250 19.50% 2,690 2,870 3,050 3,230 3,410 3,590 3,770 3,950 4,130 4,310 19.75% 2,750 2,930 3,110 3,290 3,470 3,650 3,830 4,010 4,190 4,370 20.00% 2,810 3,000 3,190 3,380 3,570 3,760 3,950 4,140 4,330 4,520 20.25% 2,880 3,070 3,260 3,450 3,640 3,830 4,020 4,210 4,400 4,590 20.50% 2,950 3,150 3,350 3,550 3,750 3,950 4,150 4,350 4,550 4,750 20.75% 3,010 3,210 3,410 3,610 3,810 4,010 4,210 4,410 4,610 4,810 21.00% 3,080 3,290 3,500 3,710 3,920 4,130 4,340 4,550 4,760 4,970 21.25% 3,150 3,360 3,570 3,780 3,990 4,200 4,410 4,620 4,830 5,040 21.50% 3,220 3,440 3,660 3,880 4,100 4,320 4,540 4,760 4,980 5,200 21.75% 3,290 3,510 3,730 3,950 4,170 4,390 4,610 4,830 5,050 5,270 22.00% 3,380 3,600 3,820 4,040 4,260 4,480 4,700 4,920 5,140 5,360 Asset Growth ----------------------------------------------------------------------------------------------------- ROE 78.0% 80.0% 82.0% 84.0% 86.0% 88.0% 90.0% 92.0% 94.0% - ----- ----- ----- ----- ----- ----- ----- ----- ----- ----- 12.00% 2,280 2,370 2,460 2,550 2,640 2,730 2,820 2,910 2,970 12.25% 2,330 2,420 2,510 2,600 2,690 2,780 2,870 2,960 3,050 12.50% 2,380 2,470 2,560 2,650 2,740 2,830 2,920 3,010 3,100 12.75% 2,430 2,520 2,610 2,700 2,790 2,880 2,970 3,060 3,150 13.00% 2,490 2,580 2,670 2,760 2,850 2,940 3,030 3,120 3,210 13.25% 2,550 2,650 2,750 2,850 2,950 3,050 3,150 3,250 3,350 13.50% 2,610 2,710 2,810 2,910 3,010 3,110 3,210 3,310 3,410 13.75% 2,670 2,770 2,870 2,970 3,070 3,170 3,270 3,370 3,470 14.00% 2,730 2,830 2,930 3,030 3,130 3,230 3,330 3,430 3,530 14.25% 2,790 2,890 2,990 3,090 3,190 3,290 3,390 3,490 3,590 14.50% 2,850 2,960 3,070 3,180 3,290 3,400 3,510 3,620 3,730 14.75% 2,920 3,030 3,140 3,250 3,360 3,470 3,580 3,690 3,800 15.00% 2,990 3,100 3,210 3,320 3,430 3,540 3,650 3,760 3,870 15.25% 3,060 3,170 3,280 3,390 3,500 3,610 3,720 3,830 3,940 15.50% 3,130 3,250 3,370 3,490 3,610 3,730 3,850 3,970 4,090 15.75% 3,200 3,320 3,440 3,560 3,680 3,800 3,920 4,040 4,160 16.00% 3,270 3,390 3,510 3,630 3,750 3,870 3,990 4,110 4,230 16.25% 3,340 3,470 3,600 3,730 3,860 3,990 4,120 4,250 4,380 16.50% 3,420 3,550 3,680 3,810 3,940 4,070 4,200 4,330 4,460 16.75% 3,500 3,630 3,760 3,890 4,020 4,150 4,280 4,410 4,540 17.00% 3,580 3,710 3,840 3,970 4,100 4,230 4,360 4,490 4,620 17.25% 3,660 3,800 3,940 4,080 4,220 4,360 4,500 4,640 4,780 17.50% 3,740 3,880 4,020 4,160 4,300 4,440 4,580 4,720 4,860 17.75% 3,830 3,970 4,110 4,250 4,390 4,530 4,670 4,810 4,950 18.00% 3,920 4,070 4,220 4,370 4,520 4,670 4,820 4,970 5,120 18.25% 4,010 4,160 4,310 4,460 4,610 4,760 4,910 5,060 5,210 18.50% 4,100 4,250 4,400 4,550 4,700 4,850 5,000 5,150 5,300 18.75% 4,190 4,350 4,510 4,670 4,830 4,990 5,150 5,310 5,470 19.00% 4,290 4,450 4,610 4,770 4,930 5,090 5,250 5,410 5,570 19.25% 4,390 4,550 4,710 4,870 5,030 5,190 5,350 5,510 5,670 19.50% 4,490 4,660 4,830 5,000 5,170 5,340 5,510 5,680 5,850 19.75% 4,590 4,760 4,930 5,100 5,270 5,440 5,610 5,780 5,950 20.00% 4,690 4,870 5,050 5,230 5,410 5,590 5,770 5,950 6,130 20.25% 4,800 4,980 5,160 5,340 5,520 5,700 5,880 6,060 6,240 20.50% 4,910 5,090 5,270 5,450 5,630 5,810 5,990 6,170 6,350 20.75% 5,020 5,210 5,400 5,590 5,780 5,970 6,160 6,350 6,540 21.00% 5,130 5,320 5,510 5,700 5,890 6,080 6,270 6,460 6,650 21.25% 5,250 5,450 5,650 5,850 6,050 6,250 6,450 6,650 6,850 21.50% 5,370 5,570 5,770 5,970 6,170 6,370 6,570 6,770 6,970 21.75% 5,490 5,700 5,910 6,120 6,330 6,540 6,750 6,960 7,170 22.00% 5,620 5,830 6,040 6,250 6,460 6,670 6,880 7,090 7,300
PANHANDLE BANK Long-Term Incentive Program Executive - CEO NUMBER OF SHARES Asset Growth ------------------------------------------------------------------------------------------------------------------ ROE 58.0% 60.0% 62.0% 64.0% 66.0% 68.0% 70.0% 72.0% 74.0% 76.0% - ----- ------ ------ ------ ------ ------ ------ ------ ------ ------ ------ 12.00% 5,030 5,360 5,690 6,020 6,350 6,680 7,010 7,340 7,670 8,000 12.25% 5,120 5,460 5,800 6,140 6,480 6,820 7,160 7,500 7,840 8,180 12.50% 5,240 5,590 5,940 6,290 6,640 6,990 7,340 7,690 8,040 8,390 12.75% 5,360 5,720 6,080 6,440 6,800 7,160 7,520 7,880 8,240 8,600 13.00% 5,480 5,850 6,220 6,590 6,960 7,330 7,700 8,070 8,440 8,810 13.25% 5,610 5,980 6,350 6,720 7,090 7,460 7,830 8,200 8,570 8,940 13.50% 5,740 6,120 6,500 6,880 7,260 7,640 8,020 8,400 8,780 9,160 13.75% 5,870 6,260 6,650 7,040 7,430 7,820 8,210 8,600 8,990 9,380 14.00% 6,000 6,400 6,800 7,200 7,600 8,000 8,400 8,800 9,200 9,600 14.25% 6,140 6,550 6,960 7,370 7,780 8,190 8,600 9,010 9,420 9,830 14.50% 6,280 6,700 7,120 7,540 7,960 8,380 8,800 9,220 9,640 10,060 14.75% 6,420 6,850 7,280 7,710 8,140 8,570 9,000 9,430 9,860 10,290 15.00% 6,560 7,000 7,440 7,880 8,320 8,760 9,200 9,640 10,080 10,520 15.25% 6,710 7,160 7,610 8,060 8,510 8,960 9,410 9,860 10,310 10,760 15.50% 6,870 7,330 7,790 8,250 8,710 9,170 9,630 10,090 10,550 11,010 15.75% 7,030 7,500 7,970 8,440 8,910 9,380 9,850 10,320 10,790 11,260 16.00% 7,190 7,670 8,150 8,630 9,110 9,590 10,070 10,550 11,030 11,510 16.25% 7,350 7,840 8,330 8,820 9,310 9,800 10,290 10,780 11,270 11,760 16.50% 7,520 8,020 8,520 9,020 9,520 10,020 10,520 11,020 11,520 12,020 16.75% 7,690 8,200 8,710 9,220 9,730 10,240 10,750 11,260 11,770 12,280 17.00% 7,870 8,390 8,910 9,430 9,950 10,470 10,990 11,510 12,030 12,550 17.25% 8,050 8,590 9,130 9,670 10,210 10,750 11,290 11,830 12,370 12,910 17.50% 8,230 8,780 9,330 9,880 10,430 10,980 11,530 12,080 12,630 13,180 17.75% 8,420 8,980 9,540 10,100 10,660 11,220 11,780 12,340 12,900 13,460 18.00% 8,610 9,180 9,750 10,320 10,890 11,460 12,030 12,600 13,170 13,740 18.25% 8,810 9,400 9,990 10,580 11,170 11,760 12,350 12,940 13,530 14,120 18.50% 9,010 9,610 10,210 10,810 11,410 12,010 12,610 13,210 13,810 14,410 18.75% 9,220 9,830 10,440 11,050 11,660 12,270 12,880 13,490 14,100 14,710 19.00% 9,430 10,060 10,690 11,320 11,950 12,580 13,210 13,840 14,470 15,100 19.25% 9,640 10,280 10,920 11,560 12,200 12,840 13,480 14,120 14,760 15,400 19.50% 9,860 10,520 11,180 11,840 12,500 13,160 13,820 14,480 15,140 15,800 19.75% 10,090 10,760 11,430 12,100 12,770 13,440 14,110 14,780 15,450 16,120 20.00% 10,320 11,010 11,700 12,390 13,080 13,770 14,460 15,150 15,840 16,530 20.25% 10,550 11,250 11,950 12,650 13,350 14,050 14,750 15,450 16,150 16,850 20.50% 10,790 11,510 12,230 12,950 13,670 14,390 15,110 15,830 16,550 17,270 20.75% 11,040 11,780 12,520 13,260 14,000 14,740 15,480 16,220 16,960 17,700 21.00% 11,290 12,040 12,790 13,540 14,290 15,040 15,790 16,540 17,290 18,040 21.25% 11,550 12,320 13,090 13,860 14,630 15,400 16,170 16,940 17,710 18,480 21.50% 11,810 12,600 13,390 14,180 14,970 15,760 16,550 17,340 18,130 18,920 21.75% 12,080 12,890 13,700 14,510 15,320 16,130 16,940 17,750 18,560 19,370 22.00% 12,380 13,200 14,020 14,840 15,660 16,480 17,300 18,120 18,940 19,760 Asset Growth ------------------------------------------------------------------------------------------------------- ROE 78.0% 80.0% 82.0% 84.0% 86.0% 88.0% 90.0% 92.0% 94.0% - ----- ------- ------ ------ ------ ------ ------ ------ ------ ------ 12.00% 8,350 8,660 8,970 9,280 9,590 9,900 10,210 10,520 10,870 12.25% 8,540 8,860 9,180 9,500 9,820 10,140 10,460 10,780 11,100 12.50% 8,740 9,070 9,400 9,730 10,060 10,390 10,720 11,050 11,380 12.75% 8,940 9,280 9,620 9,960 10,300 10,640 10,980 11,320 11,660 13.00% 9,140 9,480 9,820 10,160 10,500 10,840 11,180 11,520 11,860 13.25% 9,350 9,700 10,050 10,400 10,750 11,100 11,450 11,800 12,150 13.50% 9,560 9,920 10,280 10,640 11,000 11,360 11,720 12,080 12,440 13.75% 9,780 10,150 10,520 10,890 11,260 11,630 12,000 12,370 12,740 14.00% 10,000 10,380 10,760 11,140 11,520 11,900 12,280 12,660 13,040 14.25% 10,230 10,610 10,990 11,370 11,750 12,130 12,510 12,890 13,270 14.50% 10,460 10,850 11,240 11,630 12,020 12,410 12,800 13,190 13,580 14.75% 10,700 11,100 11,500 11,900 12,300 12,700 13,100 13,500 13,900 15.00% 10,940 11,350 11,760 12,170 12,580 12,990 13,400 13,810 14,220 15.25% 11,190 11,610 12,030 12,450 12,870 13,290 13,710 14,130 14,550 15.50% 11,450 11,880 12,310 12,740 13,170 13,600 14,030 14,460 14,890 15.75% 11,710 12,150 12,590 13,030 13,470 13,910 14,350 14,790 15,230 16.00% 11,980 12,430 12,880 13,330 13,780 14,230 14,680 15,130 15,580 16.25% 12,250 12,710 13,170 13,630 14,090 14,550 15,010 15,470 15,930 16.50% 12,530 13,000 13,470 13,940 14,410 14,880 15,350 15,820 16,290 16.75% 12,820 13,300 13,780 14,260 14,740 15,220 15,700 16,180 16,660 17.00% 13,110 13,600 14,090 14,580 15,070 15,560 16,050 16,540 17,030 17.25% 13,410 13,910 14,410 14,910 15,410 15,910 16,410 16,910 17,410 17.50% 13,720 14,230 14,740 15,250 15,760 16,270 16,780 17,290 17,800 17.75% 14,030 14,560 15,090 15,620 16,150 16,680 17,210 17,740 18,270 18.00% 14,350 14,890 15,430 15,970 16,510 17,050 17,590 18,130 18,670 18.25% 14,680 15,230 15,780 16,330 16,880 17,430 17,980 18,530 19,080 18.50% 15,020 15,580 16,140 16,700 17,260 17,820 18,380 18,940 19,500 18.75% 15,360 15,940 16,520 17,100 17,680 18,260 18,840 19,420 20,000 19.00% 15,710 16,300 16,890 17,480 18,070 18,660 19,250 19,840 20,430 19.25% 16,070 16,670 17,270 17,870 18,470 19,070 19,670 20,270 20,870 19.50% 16,440 17,060 17,680 18,300 18,920 19,540 20,160 20,780 21,400 19.75% 16,820 17,450 18,080 18,710 19,340 19,970 20,600 21,230 21,860 20.00% 17,200 17,850 18,500 19,150 19,800 20,450 21,100 21,750 22,400 20.25% 17,590 18,250 18,910 19,570 20,230 20,890 21,550 22,210 22,870 20.50% 17,990 18,660 19,330 20,000 20,670 21,340 22,010 22,680 23,350 20.75% 18,400 19,090 19,780 20,470 21,160 21,850 22,540 23,230 23,920 21.00% 18,820 19,530 20,240 20,950 21,660 22,370 23,080 23,790 24,500 21.25% 19,250 19,970 20,690 21,410 22,130 22,850 23,570 24,290 25,010 21.50% 19,690 20,430 21,170 21,910 22,650 23,390 24,130 24,870 25,610 21.75% 20,140 20,900 21,660 22,420 23,180 23,940 24,700 25,460 26,220 22.00% 20,620 21,390 22,160 22,930 23,700 24,470 25,240 26,010 26,800
