content_image/128697.jpg content_image/128698.jpg
## NOTE 2 

## BUSINESS COMBINATIONS continued 

The following table summarizes the estimated fair values of the assets acquired and liabilities assumed at the date of acquisition. 

<img src='content_image/128697.jpg'>

The following proforma disclosures, including the effect of the purchase accounting adjustments, depict the results of operations as though the Frances Slocum merger had taken place at the beginning of 2001. 

<img src='content_image/128698.jpg'>

## NOTE 3 

## RESTRICTION ON CASH AND DUE FROM BANKS 

The Banks are required to maintain reserve funds in cash and/or on deposit with the Federal Reserve Bank. The reserve required at December 31, 2003, was $15,092,000. 

