| Information About Reportable Segments and Reconciliation |
Information about reportable segments and reconciliation of such information to the consolidated financial statements for the three and nine months ended September 30, 2015 and 2014 is as follows (dollars in thousands):
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UNION BANKSHARES CORPORATION AND SUBSIDIARIES
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SEGMENT FINANCIAL INFORMATION
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Community Bank
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Mortgage
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Eliminations
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Consolidated
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Three Months Ended September 30, 2015
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Net interest income
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$
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63,075
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$
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369
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$
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-
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$
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63,444
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Provision for credit losses
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2,000
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62
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-
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2,062
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Net interest income after provision for credit losses
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61,075
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307
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-
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61,382
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Noninterest income
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14,287
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2,608
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(170)
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16,725
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Noninterest expenses
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50,674
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2,821
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(170)
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53,325
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Income (loss) before income taxes
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24,688
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94
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-
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24,782
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Income tax expense (benefit)
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6,531
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35
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-
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6,566
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Net income (loss)
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$
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18,157
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$
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59
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$
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-
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$
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18,216
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Total assets
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$
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7,588,606
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$
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62,127
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$
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(56,420)
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$
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7,594,313
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Three Months Ended September 30, 2014
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Net interest income
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$
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64,162
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$
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317
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$
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-
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$
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64,479
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Provision for credit losses
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1,800
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-
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-
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1,800
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Net interest income after provision for credit losses
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62,362
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317
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-
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62,679
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Noninterest income
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13,884
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2,604
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(170)
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16,318
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Noninterest expenses
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55,680
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3,903
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(170)
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59,413
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Income (loss) before income taxes
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20,566
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(982)
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-
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19,584
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Income tax expense (benefit)
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5,121
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(354)
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-
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4,767
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Net income (loss)
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$
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15,445
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$
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(628)
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$
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-
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$
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14,817
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Total assets
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$
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7,188,596
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$
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41,857
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$
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(36,570)
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$
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7,193,883
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Nine Months Ended September 30, 2015
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Net interest income
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$
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188,240
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$
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989
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$
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-
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$
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189,229
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Provision for credit losses
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7,450
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111
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-
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7,561
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Net interest income after provision for credit losses
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180,790
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878
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-
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181,668
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Noninterest income
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40,658
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7,844
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(512)
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47,990
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Noninterest expenses
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154,011
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8,906
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(512)
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162,405
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Income (loss) before income taxes
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67,437
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(184)
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-
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67,253
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Income tax expense (benefit)
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18,060
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(71)
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-
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17,989
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Net income (loss)
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$
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49,377
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$
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(113)
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$
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-
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$
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49,264
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Total assets
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$
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7,588,606
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$
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62,127
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$
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(56,420)
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$
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7,594,313
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Nine Months Ended September 30, 2014
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Net interest income
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$
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191,090
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$
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863
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$
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-
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$
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191,953
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Provision for credit losses
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3,300
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-
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-
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3,300
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Net interest income after provision for credit losses
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187,790
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863
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-
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188,653
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Noninterest income
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38,964
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7,932
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(511)
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46,385
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Noninterest expenses
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173,268
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12,908
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(511)
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185,665
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Income (loss) before income taxes
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53,486
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(4,113)
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-
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49,373
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Income tax expense (benefit)
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13,678
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(1,504)
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-
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12,174
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Net income (loss)
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$
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39,808
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$
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(2,609)
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$
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-
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$
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37,199
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Total assets
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$
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7,188,596
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$
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41,857
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$
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(36,570)
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$
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7,193,883
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