OFG Bancorp OFG Income Statement

Ofg bancorp (OFG)

Income statement / TTM

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13	Dec'12	Sep'12	Jun'12	Mar'12	Dec'11	Sep'11	Jun'11	Mar'11	Sep'10	Jun'10
Interest income:
Non-covered loans
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	286,280	216,589	142,707	80,023	70,815	70,012	68,758	68,600	68,795	69,447	0	0	0
Covered loans
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	87,095	87,721	84,064	85,376	86,323	82,262	74,980	67,665	62,155	55,520	0	0	0
Interest and Fee Income, Loans and Leases
372,258	339,875	339,295	337,539	330,888	321,381	312,123	310,574	309,383	312,421	315,869	316,006	318,443	321,945	325,802	340,462	351,291	367,622	390,682	401,966	424,405	435,553	448,572	449,336	451,497	443,902	373,375	304,310	226,771	165,399	157,138	152,274	143,738	136,265	0	0	0	-	-
Mortgage-backed securities
14,702	19,854	25,397	30,017	32,064	31,190	29,525	27,597	26,839	26,994	28,035	28,787	28,731	30,522	32,827	34,967	35,745	35,338	35,318	37,023	41,009	44,836	46,610	45,430	42,526	40,927	44,446	58,770	71,263	88,508	97,272	106,801	136,249	151,924	168,703	176,707	0	0	0
Investment securities and other
15,889	14,066	13,034	10,652	9,007	7,848	6,839	6,534	6,417	6,232	5,363	4,703	4,290	4,125	4,076	3,939	3,837	3,608	3,643	3,708	3,770	4,868	6,150	7,366	8,511	8,803	8,169	7,495	7,027	6,901	7,506	8,691	9,193	9,106	13,340	19,627	0	0	0
Total interest income
402,849	373,795	377,726	378,208	371,959	360,419	348,487	344,705	342,639	345,647	349,267	349,496	351,464	356,592	362,705	379,368	390,873	406,568	429,643	442,697	469,184	485,257	501,332	502,132	502,534	493,632	427,261	366,948	0	-	0	0	-	297,295	0	0	0	0	0
Interest expense:
Deposits
46,926	39,355	38,993	37,044	34,704	32,953	31,246	30,242	30,243	30,298	30,037	29,767	29,482	29,253	28,497	27,817	27,054	27,034	28,509	29,519	32,080	33,954	36,025	39,698	40,020	40,977	36,683	32,063	30,461	29,649	33,955	38,733	42,394	45,497	47,944	48,403	0	0	0
Securities sold under agreements to repurchase
5,640	7,423	8,869	9,769	9,503	7,794	6,120	5,160	5,054	7,223	10,437	13,427	15,951	18,805	22,033	25,366	28,502	29,567	29,581	29,429	29,407	29,654	29,917	29,675	29,412	29,249	32,729	40,862	50,253	60,575	71,817	79,679	86,691	93,280	96,005	98,286	0	0	0
Advances from FHLB and other borrowings
2,188	2,212	2,208	2,175	2,064	1,875	1,938	2,017	2,176	2,398	2,410	3,051	4,542	6,186	7,881	8,927	9,077	9,072	9,053	9,084	9,125	9,185	9,243	9,250	9,202	8,620	8,690	8,930	9,615	10,906	11,668	12,149	12,225	12,270	12,175	12,186	0	0	0
InterestExpenseOtherLongTermDebt
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	909	1,930	2,951	3,972	4,084	4,084	4,084	0	0	0
Note payable to the FDIC
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	-	-	-	0	0
Subordinated capital notes
1,923	2,012	2,037	2,034	1,999	1,903	1,811	1,713	1,618	1,556	1,511	1,930	2,419	2,921	3,458	3,526	3,528	3,523	3,622	3,739	3,860	3,989	4,130	4,272	4,446	5,114	4,481	3,660	2,811	1,479	1,288	1,270	1,257	1,231	1,242	1,242	0	0	0
Total interest expense
56,677	51,002	52,107	51,022	48,270	44,525	41,115	39,132	39,091	41,475	44,395	48,175	52,394	57,165	61,869	65,636	68,161	69,196	70,765	71,771	74,472	76,782	79,315	82,895	83,080	83,960	82,583	85,515	93,140	103,518	120,658	134,782	146,539	156,362	162,273	166,088	0	0	0
Interest Income (Expense), Net
346,172	322,793	325,619	327,186	323,689	315,894	307,372	305,573	303,548	304,172	304,872	301,321	299,070	299,427	300,836	313,732	322,712	337,372	358,878	370,926	394,712	408,475	422,017	419,237	419,454	409,672	343,407	285,060	211,921	157,290	141,258	132,984	142,641	140,933	150,720	155,213	0	0	0
Provision for Non Covered Loan and Lease Losses
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	58,797	52,497	18,770	13,854	14,200	14,400	14,400	15,200	15,500	15,800	0	0	0
Provision for Covered Loan and Lease Losses
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	5,939	3,086	3,342	9,827	8,845	6,688	5,221	-1,387	0	0	0	-	-
Total provision for loan and lease losses
131,674	96,792	85,024	55,855	52,897	56,108	69,715	99,156	110,945	113,139	101,605	81,032	68,941	65,076	103,893	132,003	133,097	161,501	126,188	91,866	91,142	60,640	56,357	52,074	75,997	72,894	64,736	55,583	22,112	23,681	23,045	21,088	19,621	13,813	14,113	0	0	0	-
Net interest income after provision for loan and lease losses
214,498	226,001	240,595	271,331	270,792	259,786	237,657	206,417	192,603	191,033	203,267	220,289	230,129	234,351	196,943	181,729	189,615	175,871	232,690	279,060	303,570	347,835	365,660	367,163	343,457	336,778	278,671	229,477	189,809	133,609	118,213	111,896	123,020	127,120	136,607	138,864	0	0	0
Non-interest income:
Fees and Commissions, Depositor Accounts
48,047	42,866	43,288	43,272	43,640	43,638	40,865	39,991	39,305	39,468	41,987	42,394	42,155	41,647	40,890	41,386	41,379	41,466	41,650	40,577	40,360	40,712	37,855	40,248	42,958	44,239	41,031	31,891	22,331	13,573	11,967	11,930	12,019	12,663	13,369	13,441	0	0	0
Wealth management revenue
27,628	26,224	26,408	26,204	25,797	25,934	25,731	25,340	25,594	25,790	26,461	26,971	27,496	27,433	27,434	27,793	28,037	29,040	29,864	30,092	30,143	29,855	29,156	29,437	30,131	30,924	30,600	29,248	27,121	25,350	23,761	23,106	21,778	20,571	19,257	18,529	0	0	0
Fees and Commissions Mortgage Banking and Servicing Income
6,303	4,275	3,733	3,857	4,216	4,767	5,217	5,249	5,220	4,050	4,541	4,688	4,753	5,021	4,711	4,282	5,120	6,128	6,752	7,857	7,549	7,381	7,026	7,263	9,536	10,994	10,878	10,748	9,357	8,706	10,002	10,556	10,555	9,876	10,434	10,015	0	0	0
Fees and Commissions
81,978	73,365	73,429	73,333	73,653	74,339	71,813	70,580	70,119	69,308	72,989	74,053	74,404	74,101	73,035	73,461	74,536	76,634	78,266	78,526	78,052	77,948	74,037	76,948	82,625	86,157	82,509	71,887	58,809	47,629	45,730	45,592	44,352	43,110	43,060	41,985	0	0	0
Portion of loss on securities recognized in other comprehensive income
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other Than Temporary Impairment Losses Investments Securities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	0	-	-	-	-	-	-	-	-	0	0	-	-	-	-	-	-
Total loss on other-than-temporarily impaired securities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0
FDIC indemnification asset expense
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	54,720	0	0	-	0	-	-	-	-	-	-	-	-
Change in true-up payment obligation expense
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	0	0	0	-	-	-	-	-	-	-	-	-	-
Fdic Shared Loss Expense Net
-	-	-	-	-	-	-	-	-	-1,403	1,433	4,729	8,149	13,581	15,145	13,928	33,753	42,808	50,388	65,243	60,353	65,756	74,242	73,273	74,883	69,267	0	0	0	-	-	-	-	-	-	-	-	-	-
Net Gain On [Abstract]
Available-for-sale Securities, Gross Realized Gain (Loss)
12,974	8,274	8,274	4,776	0	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Reimbursement from FDIC shared-loss coverage in sale of loans
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Gain (Loss) on Sale of Securities, Net
-	-	-	-	-	-	-	-	-	-	6,895	6,891	211	12,207	12,207	12,207	11,996	2,572	2,572	2,572	2,572	4,366	4,366	4,366	4,366	0	18,505	54,871	66,850	74,210	60,600	38,205	35,358	27,996	37,055	34,917	0	0	0
Net (amortization) accretion of FDIC shared-loss indemnification asset
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	-1,409	-5,145	0	0	0
Fair value adjustment on FDIC equity appreciation instrument
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0
Derivative Gain Loss On Derivative Net
-	-	-	-	-	-	-	-	-	132	28	45	13	-71	35	-190	-103	-190	-366	-151	-475	-608	-226	-1,044	-961	-1,526	-42,107	-43,107	-42,836	-42,048	-14,528	-12,022	-8,425	-12,381	-22,137	-49,447	0	0	0
Gains Losses On Extinguishment Of Debt
-	-	0	0	-	-	0	0	-	-80	-80	-80	0	-12,000	-12,000	-12,000	-12,000	0	0	0	0	-	-	-	-	1,061	-23,251	0	0	-	0	-	-	-	0	-	-	-	-
Business Combination Bargain Purchase Gain Recognized Amount
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Trading securities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0
Foreclosed real estate
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-474	-301	0	0	0
Early extinguishment ofsubordinated capital notes
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	-	-	-	-	-
Other non-interest income
523	546	5,344	5,380	5,584	5,756	809	1,330	1,141	1,028	1,419	5,941	5,911	6,163	6,359	949	12	-2,142	-2,540	-1,892	-821	1,373	1,230	-1,000	1,078	670	708	3,465	1,226	338	-3,022	-4,018	-4,011	-3,083	107	128	0	0	0
Total non-interest income, net
96,220	82,493	87,040	83,482	79,237	80,095	72,652	71,944	78,127	78,687	79,818	82,121	72,390	66,819	63,247	79,009	59,198	52,576	47,298	13,812	18,975	17,323	5,165	5,997	12,225	17,095	1,231	12,289	23,390	26,055	36,307	38,891	37,814	32,455	30,666	9,367	0	0	0
Non-interest expense:
Compensation and employee benefits
97,736	82,533	80,038	78,033	76,257	76,524	77,407	78,794	80,012	79,751	78,444	77,730	76,854	76,761	76,407	78,254	79,073	78,999	84,652	82,229	83,676	85,283	83,115	87,113	90,495	91,957	82,834	71,567	58,662	45,778	43,913	44,183	44,229	45,552	46,197	45,037	0	0	0
Occupancy, Net
33,745	30,052	30,326	31,407	33,062	33,084	33,866	33,754	33,126	32,557	31,176	30,253	29,822	30,300	30,528	31,731	32,507	33,466	35,101	35,315	35,037	34,710	34,540	34,040	33,501	34,408	30,384	26,311	22,537	17,530	17,240	17,412	17,334	17,530	18,474	18,509	0	0	0
Electronic Banking Charges
25,767	21,244	20,965	21,046	21,333	21,234	19,916	19,351	19,386	19,322	20,467	20,523	20,020	20,707	20,792	21,211	22,115	21,893	21,710	20,851	19,796	19,081	19,300	18,357	17,626	16,702	13,173	10,894	8,438	6,268	6,307	6,267	5,813	5,709	5,306	5,043	0	0	0
Information Technology And Data Processing
14,292	9,865	9,116	8,925	8,725	8,227	7,962	7,952	8,021	8,010	8,104	7,920	7,457	7,116	6,412	5,914	5,851	5,648	5,791	5,716	5,658	6,019	7,428	8,868	9,718	10,546	0	0	0	-	-	-	-	-	-	-	-	-	-
Professional Fees
17,210	14,629	13,822	13,237	12,956	12,442	11,748	11,784	11,863	12,406	13,126	12,902	12,487	12,235	11,333	12,444	13,777	14,973	16,795	16,602	15,971	15,996	16,584	17,186	19,049	21,321	17,276	18,711	18,558	17,500	22,785	22,249	22,777	22,805	21,986	20,598	0	0	0
General Insurance Expense (Income)
0	-	0	-	0	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Taxes, other than payroll and income taxes
9,772	8,749	8,729	8,669	8,911	9,017	8,998	9,066	9,075	9,187	9,404	9,546	9,483	9,782	10,015	10,279	10,652	9,460	10,235	11,080	12,153	14,409	14,766	15,296	16,652	15,539	13,122	10,189	4,950	3,502	3,457	3,550	4,515	4,721	5,063	5,140	0	0	0
Gain (Loss) On Sale Of Foreclosed Real Estate, Other Repossessed Assets And Credit Related Expenses
-10,654	-11,498	-19,801	-20,858	-20,563	-13,552	-21,773	-16,113	-11,607	-12,626	8,647	10,652	10,638	10,267	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Advertising Expense
5,626	5,208	5,243	5,239	4,948	5,084	5,111	5,187	5,568	5,616	5,755	5,697	5,586	5,485	5,623	5,853	6,117	6,452	6,503	6,751	6,862	7,014	7,750	7,396	7,397	7,025	6,798	6,921	6,815	6,254	5,597	5,689	5,633	5,977	5,661	5,339	0	0	0
General Insurance Expense
-	-	-	5,712	-	-	-	5,400	5,101	-	5,397	5,587	7,559	9,109	10,647	11,668	10,764	9,567	8,791	8,627	8,709	8,830	8,072	7,801	8,191	8,795	9,115	8,881	7,600	6,742	6,565	6,273	6,477	6,642	6,584	7,015	0	0	0
Loan Servicing And Cleaning Expenses
4,987	4,853	4,734	4,791	4,858	4,810	4,739	4,622	4,665	4,693	4,900	6,610	7,306	8,247	9,215	8,347	8,975	9,198	8,891	8,785	7,860	7,567	7,695	7,958	8,173	7,588	6,272	4,746	3,817	3,309	3,435	3,803	3,924	3,978	4,094	3,912	0	0	0
Loss on sale of foreclosed real estate and other reossessed assets
-	-	-	-	-	-	-	-	-	-	5,727	7,302	9,678	10,282	7,224	20,855	27,029	30,546	36,625	27,866	24,185	25,125	24,567	22,428	19,489	16,484	17,685	13,042	10,261	7,628	4,484	4,030	3,855	3,829	2,784	2,701	0	0	0
Loss on sale foreclosed real estate and other repossesed asset
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	-	-	-	-	-	-
Communication
3,545	3,315	3,376	3,347	3,303	3,447	3,360	3,288	3,386	3,415	3,769	3,662	3,330	3,379	3,865	3,891	4,080	3,808	3,075	3,121	3,164	3,430	3,486	3,448	3,470	3,377	2,936	2,545	2,102	1,627	1,459	1,459	1,492	1,500	2,039	2,383	0	0	0
Printing, postage, stationary and supplies
2,612	2,468	2,355	2,182	2,151	2,217	2,297	2,384	2,444	2,437	2,519	2,535	2,470	2,558	2,659	2,681	2,663	2,575	2,557	2,553	2,616	2,533	2,437	2,641	2,847	3,459	3,166	2,641	2,112	1,254	1,257	1,250	1,290	1,264	1,235	1,235	0	0	0
NoninterestExpenseDirectorAndInvestorRelations
1,296	1,216	1,157	1,120	0	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Restructuring charges
24,358	24,054	2,316	760	-240	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	17,660	18,049	15,797	10,524	4,990	0	0	0	-	-	-	-	-	-
Other
11,173	10,251	7,330	8,036	10,339	10,105	8,114	8,271	6,070	5,316	8,866	9,827	9,038	8,675	7,192	6,654	9,006	9,738	9,890	11,601	10,817	11,622	10,843	9,478	8,884	8,177	7,902	6,480	4,856	3,613	3,217	3,114	3,815	3,447	3,587	3,709	0	0	0
Director and Investors Relations
-	-	-	-	-	-	-	-	-	-	1,050	1,062	1,089	1,087	1,074	1,087	1,075	1,091	1,141	1,145	1,149	1,106	1,049	1,029	1,113	1,098	1,073	1,001	966	1,039	1,136	1,330	1,327	1,305	1,374	1,410	0	0	0
Total non-interest expense
268,414	233,244	206,050	206,264	207,112	207,081	202,024	201,552	202,068	201,631	207,351	211,808	212,817	215,990	222,254	236,418	247,030	248,505	251,757	242,242	237,653	242,725	246,233	249,892	258,731	264,136	240,177	208,592	169,615	131,808	122,941	121,495	122,481	124,259	124,384	122,031	0	0	0
Income before income taxes
42,304	75,250	121,585	148,549	142,917	132,800	108,285	76,809	68,662	68,089	75,734	90,602	89,702	85,180	37,936	24,320	1,783	-20,058	28,231	50,630	84,892	122,433	124,592	123,268	96,951	89,737	39,725	33,174	43,584	27,856	31,579	29,292	38,353	35,316	42,889	26,200	0	0	0
Income tax expense
10,132	21,409	42,009	53,256	51,954	48,390	31,546	19,851	14,249	15,443	24,605	27,672	29,537	25,994	-4,718	-7,783	-12,872	-17,554	9,166	16,602	26,446	37,252	39,910	38,497	-4,050	-8,709	-19,810	-24,501	8,490	3,301	93	-1,221	-3,669	866	4,374	3,828	0	0	0
Net income
32,172	53,841	79,576	95,293	90,963	84,410	76,739	56,958	54,413	52,646	51,129	62,930	60,165	59,186	42,654	32,103	14,655	-2,504	19,065	34,028	58,446	85,181	84,682	84,771	101,001	98,446	59,535	57,675	35,094	24,555	31,486	30,513	42,022	34,450	38,515	22,372	0	0	0
Dividends, Preferred Stock
6,512	6,512	6,512	8,350	10,187	12,024	13,862	13,861	13,862	13,862	13,862	13,862	13,862	13,862	13,862	13,862	13,862	13,862	13,862	13,862	13,862	13,862	13,862	13,862	13,862	13,862	14,894	14,468	12,203	9,939	6,641	4,803	4,802	4,802	4,802	5,334	0	0	0
Deemed dividend on preferred stock beneficial conversion feature
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	-	-	-	0	-
Less: Allocation of undistributed earnings for participating preferred stock
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0
Income available to common shareholders
25,660	47,329	73,064	86,943	80,776	72,386	62,877	43,097	40,551	38,784	37,267	49,068	46,303	45,324	28,792	18,241	793	-16,366	5,203	20,166	44,584	71,319	70,820	70,909	87,139	84,584	44,641	43,207	22,891	14,616	24,845	25,710	37,220	29,648	11,002	-8,777	0	0	0
Earnings per common share:
Basic
0.00	-0.06	0.11	0.44	0.43	0.47	0.45	0.36	0.31	0.31	0.00	0.30	0.27	0.27	0.27	0.25	0.24	-0.11	0.03	-0.15	-0.14	0.37	0.36	0.40	0.45	0.36	0.35	0.75	0.39	-0.58	0.36	0.34	0.23	-0.28	0.35	0.56	0.04	0.75	-0.13
Diluted
0.00	-0.04	0.11	0.43	0.42	0.45	0.42	0.35	0.30	0.32	0.00	0.30	0.26	0.28	0.26	0.25	0.24	-0.11	0.03	-0.15	-0.14	0.36	0.34	0.38	0.42	0.34	0.34	0.68	0.37	-0.57	0.35	0.34	0.23	-0.28	0.35	0.56	0.04	0.75	-0.13
Weighted Average Number Of Share Outstanding Basic And Diluted
51,713	51,798	51,772	51,680	51,626	51,585	51,464	51,226	51,121	51,051	51,102	51,100	51,131	51,082	51,111	51,095	51,064	50,923	51,146	51,774	51,977	51,992	52,362	52,352	52,598	52,950	53,322	52,968	52,892	92,388	47,978	40,808	41	131,827	44	45	46,179	42,288	33,053
Cash dividends per share of common stock
0.07	0.07	0.07	0.07	0.07	0.07	0.06	0.06	0.06	0.06	0.06	0.06	0.06	0.06	0.06	0.06	0.06	0.06	0.10	0.10	0.10	0.10	0.08	0.08	0.08	0.08	0.06	0.06	0.06	0.06	0.06	0.06	0.06	0.06	0.05	0.05	0.05	0.04	0.04