® A MESSAGE TO SHAREHOLDERS.............................................2 SUCCESSFUL STRATEGIES ......................................................4 EXTENDING OUR PRESENCE .................................................6 A SUCCESSFUL APPROACH TO CORPORATE INTEGRITY................8 2003: A YEAR OF SUCCESSFUL STRATEGIES............................9 AFFILIATE MANAGEMENT....................................................10 BOARD OF DIRECTORS........................................................11 CORPORATE INFORMATION/MARKET AREA.............................12 INDEPENDENT AUDITORS’ REPORT........................................13 CONSOLIDATED FINANCIAL STATEMENTS................................14 NOTES TO CONSOLIDATED FINANCIAL STATEMENTS .................18 QUARTERLY SUMMARY OF FINANCIAL DATA...........................41 SELECTED FINANCIAL DATA ................................................42 FINANCIAL CONDITION AND RESULTS OF OPERATIONS ..............43 COMMON STOCK INFORMATION ............................................59 SHAREHOLDER INFORMATION...............................................60 MANAGEMENT’S DISCUSSION AND ANALYSIS OF 