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## NOTES TO CONSOLIDATED FINANCIAL STATEMENTS 

(Dollar Amounts in Thousands) 

## NOTE 8— Securities Held to Maturity 

Below is an analysis of the amortized cost and approximate fair values of debt securities held to maturity at December 31, 2002 and 2001: 

<img src='content_image/121164.jpg'>

The amortized cost and estimated market value of debt securities at December 31, 2002, by contractual maturity, are shown below. Expected maturities will differ from contractual maturities because borrowers may have the right to call or repay obligations with or without call or prepayment penalties. 

<img src='content_image/121165.jpg'>

There were no sales of securities held to maturity in 2002, 2001 or 2000. 

Securities held to maturity with an amortized cost of $149,119 and $205,150 were pledged at December 31, 2002 and 2001, respectively, to secure public deposits and for other purposes required or permitted by law. 

## NOTE 9— Loans (all domestic) 

Loans at year end were divided among these general categories: 

<img src='content_image/121166.jpg'>

Most of the Corporation’s business activity was with customers located within Pennsylvania. The portfolio is well diversified, and as of December 31, 2002 and 2001, there were no significant concentrations of credit. 

