Peoples Financial Services

Live  

Peoples Financial Services is a bank holding company based in Scranton, Pennsylvania. They offer a range of financial services, including personal and business banking, lending, wealth management, and insurance.
The company was founded in 1984 and has grown to serve communities in Northeastern and Central Pennsylvania, as well as the Southern Tier of New York. Peoples Financial Services operates under the Peoples Security Bank and Trust Company brand, which has been in existence for over 100 years.
Their mission is to provide their customers with personalized and innovative financial solutions, delivered with integrity and exceptional customer service. They strive to be a trusted partner in their customers’ financial lives and a leader in their local communities.
Peoples Financial Services is committed to investing in their communities through charitable giving, volunteerism, and community involvement. They also have a strong focus on technology and continuously enhance their digital tools and platforms to better serve their customers.
Overall, Peoples Financial Services is a well-established and reputable financial services company that is dedicated to meeting the needs of their customers and supporting the communities they serve.

UGVvcGxlcy BGaW5hbmNp YWwgU2Vydm ljZXMgaXMg bGlrZSBhIG JpZyBwaWdn eSBiYW5rIG FuZCBoZWxw ZXIgZm9yIH Blb3BsZSBh bmQgYnVzaW 5lc3NlcyB3 aXRoIHRoZW lyIG1vbmV5 LiA8YnI+Rm lyc3QsIGxl dOKAmXMgdG hpbmsgYWJv dXQgd2hhdC B0aGV5IGRv LiBUaGV5IG hlbHAgcGVv cGxlIGtlZX AgdGhlaXIg bW9uZXkgc2 FmZSBpbiBh Y2NvdW50cy wgbGlrZSBz YXZpbmdzIG FjY291bnRz LCB3aGVyZS BpdCBjYW4g Z3JvdyBhIG xpdHRsZSBv dmVyIHRpbW UuIFRoZXkg YWxzbyBoZW xwIHBlb3Bs ZSBib3Jyb3 cgbW9uZXkg d2hlbiB0aG V5IHdhbnQg dG8gYnV5IH NvbWV0aGlu ZyBiaWcsIG xpa2UgYSBo b3VzZSBvci BhIGNhci4g VGhleSBwcm 92aWRlIGxv YW5zIGFuZC BjaGFyZ2Ug YSBsaXR0bG UgZXh0cmEg bW9uZXksIG NhbGxlZCBp bnRlcmVzdC wgZm9yIGxl bmRpbmcgdG hhdCBtb25l eS48YnI+U2 8sIGhvdyBk byB0aGV5IG 1ha2UgbW9u ZXk/IFdlbG wsIHRoZXkg ZWFybiBtb2 5leSBpbiB0 d28gbWFpbi B3YXlzLiBP bmUgd2F5IG lzIGJ5IGNo YXJnaW5nIG ludGVyZXN0 IG9uIGxvYW 5zLiBJZiBz b21lb25lIG 5lZWRzIHRv IGJvcnJvdy AkMTAwLCB0 aGV5IG1pZ2 h0IGhhdmUg dG8gcGF5IG JhY2sgJDEx MCBvciBtb3 JlLCB3aGlj aCBtZWFucy BQZW9wbGVz IEZpbmFuY2 lhbCBTZXJ2 aWNlcyBrZW VwcyB0aGUg ZXh0cmEgbW 9uZXkgYXMg cHJvZml0Li BUaGUgc2Vj b25kIHdheS BpcyBieSBw cm92aWRpbm cgc2Vydmlj ZXMsIGxpa2 UgaGVscGlu ZyBwZW9wbG UgbWFuYWdl IHRoZWlyIG ludmVzdG1l bnRzIG9yIG dpdmluZyBm aW5hbmNpYW wgYWR2aWNl LCBhbmQgdG hleSBtaWdo dCBjaGFyZ2 UgZmVlcyBm b3IgdGhvc2 Ugc2Vydmlj ZXMuPGJyPk 5vdywgd2h5 IGlzIHRoZS Bjb21wYW55 IHN1Y2Nlc3 NmdWwgYW5k IGxpa2VseS B0byBzdGF5 IHRoYXQgd2 F5IGluIHRo ZSBmdXR1cm U/IFRoZXJl IGFyZSBhIG ZldyByZWFz b25zLiBGaX JzdCwgcGVv cGxlIGFsd2 F5cyBuZWVk IGhlbHAgd2 l0aCBtb25l eSBhbmQgYm Fua2luZywg d2hldGhlci BpdOKAmXMg cHV0dGluZy Btb25leSBh d2F5IG9yIG JvcnJvd2lu ZyBpdC4gQX MgbG9uZyBh cyB0aGVyZS BhcmUgcGVv cGxlIGFuZC BidXNpbmVz c2VzLCB0aG VyZSB3aWxs IGJlIGEgbm VlZCBmb3Ig ZmluYW5jaW FsIHNlcnZp Y2VzLiBTZW NvbmQsIHRo ZSBjb21wYW 55IGZvY3Vz ZXMgb24gaG VscGluZyBp dHMgY3VzdG 9tZXJzIGFu ZCBkb2luZy BhIGdvb2Qg am9iLCB3aG ljaCBtYWtl cyBwZW9wbG UgdHJ1c3Qg dGhlbSBhbm Qgd2FudCB0 byBjb21lIG JhY2suIFdo ZW4gY3VzdG 9tZXJzIGZl ZWwgaGFwcH kgYW5kIGFw cHJlY2lhdG VkLCB0aGV5 IHRlbGwgdG hlaXIgZnJp ZW5kcywgYW 5kIHRoYXQg YnJpbmdzIG luIG1vcmUg Y3VzdG9tZX JzITxicj5M YXN0bHksIF Blb3BsZXMg RmluYW5jaW FsIFNlcnZp Y2VzIGFkYX B0cyB0byBj aGFuZ2VzLC BsaWtlIG5l dyB0ZWNobm 9sb2d5IGFu ZCB0aGUgd2 F5cyBwZW9w bGUgdXNlIG 1vbmV5IHRv ZGF5LiBUaG V5IGFyZSBh bHdheXMgbG 9va2luZyBm b3IgYmV0dG VyIHdheXMg dG8gc2Vydm UgdGhlaXIg Y3VzdG9tZX JzLiBTbywg Ynkga2VlcG luZyB1cCB3 aXRoIHdoYX QgcGVvcGxl IG5lZWQgYW 5kIG9mZmVy aW5nIGdyZW F0IHNlcnZp Y2UsIHRoZX kgd2lsbCBs aWtlbHkgY2 9udGludWUg dG8gZG8gd2 VsbCBpbiB0 aGUgZnV0dX JlITxicj4=

MS4gQ29tbX VuaXR5LWZv Y3VzZWQ6IF Blb3BsZXMg RmluYW5jaW FsIFNlcnZp Y2VzIGlzIG EgY29tbXVu aXR5IGJhbm sgdGhhdCBp cyBkZWRpY2 F0ZWQgdG8g c2VydmluZy B0aGUgZmlu YW5jaWFsIG 5lZWRzIG9m IGluZGl2aW R1YWxzLCBm YW1pbGllcy wgYW5kIGJ1 c2luZXNzZX MgaW4gdGhl IGNvbW11bm l0aWVzIGl0 IG9wZXJhdG VzIGluLiBU aGV5IHByaW 9yaXRpemUg YnVpbGRpbm cgc3Ryb25n IHJlbGF0aW 9uc2hpcHMg d2l0aCB0aG VpciBjdXN0 b21lcnMgYW 5kIHVuZGVy c3RhbmRpbm cgdGhlaXIg dW5pcXVlIG 5lZWRzLjxi cj4yLiBMb2 NhbGx5IG93 bmVkIGFuZC BvcGVyYXRl ZDogVGhlIG NvbXBhbnkg aXMgbG9jYW xseSBvd25l ZCBhbmQgb3 BlcmF0ZWQs IG1lYW5pbm cgdGhhdCBk ZWNpc2lvbi 1tYWtpbmcg YW5kIHByb2 ZpdHMgc3Rh eSB3aXRoaW 4gdGhlIGNv bW11bml0eS 4gVGhpcyBh bGxvd3MgZm 9yIGEgbW9y ZSBwZXJzb2 5hbGl6ZWQg YW5kIGF0dG VudGl2ZSBz ZXJ2aWNlIG ZvciBjdXN0 b21lcnMuPG JyPjMuIExv bmcgaGlzdG 9yeTogVGhl IGNvbXBhbn kgaGFzIGEg bG9uZyBoaX N0b3J5IG9m IHNlcnZpbm cgaXRzIGNv bW11bml0aW VzLCB3aXRo IHJvb3RzIG RhdGluZyBi YWNrIG92ZX IgMTAwIHll YXJzLiBUaG lzIHNob3dz IHRoZWlyIG NvbW1pdG1l bnQgYW5kIH N0YWJpbGl0 eSBhcyBhIG ZpbmFuY2lh bCBpbnN0aX R1dGlvbi48 YnI+NC4gQ2 9tcHJlaGVu c2l2ZSBmaW 5hbmNpYWwg c2VydmljZX M6IFBlb3Bs ZXMgRmluYW 5jaWFsIFNl cnZpY2VzIG 9mZmVycyBh IHdpZGUgcm FuZ2Ugb2Yg ZmluYW5jaW FsIHByb2R1 Y3RzIGFuZC BzZXJ2aWNl cywgaW5jbH VkaW5nIHBl cnNvbmFsIG FuZCBidXNp bmVzcyBiYW 5raW5nLCBs ZW5kaW5nLC BpbnZlc3Rt ZW50IG1hbm FnZW1lbnQs IGFuZCBpbn N1cmFuY2Uu PGJyPjUuIE N1c3RvbWVy IHNhdGlzZm FjdGlvbjog VGhlIGNvbX BhbnkgaGFz IHJlY2Vpdm VkIG51bWVy b3VzIGF3YX JkcyBhbmQg cmVjb2duaX Rpb24gZm9y IGl0cyBoaW doIGxldmVs IG9mIGN1c3 RvbWVyIHNh dGlzZmFjdG lvbiwgaW5j bHVkaW5nIG JlaW5nIG5h bWVkIGEgIl RvcCBQZXJm b3JtaW5nIE NvbW11bml0 eSBCYW5rIi BieSB0aGUg QW1lcmljYW 4gQmFua2Vy cyBBc3NvY2 lhdGlvbi48 YnI+Ni4gVG VjaG5vbG9n eS1kcml2ZW 46IFdoaWxl IG1haW50YW luaW5nIGEg c3Ryb25nIG ZvY3VzIG9u IHBlcnNvbm FsIHJlbGF0 aW9uc2hpcH MsIFBlb3Bs ZXMgRmluYW 5jaWFsIFNl cnZpY2VzIG Fsc28gdXRp bGl6ZXMgdG VjaG5vbG9n eSB0byBwcm 92aWRlIGNv bnZlbmllbn QgYW5kIGVm ZmljaWVudC BzZXJ2aWNl cyB0byBpdH MgY3VzdG9t ZXJzLiBUaG lzIGluY2x1 ZGVzIG1vYm lsZSBiYW5r aW5nLCBvbm xpbmUgYmls bCBwYXksIG FuZCByZW1v dGUgZGVwb3 NpdCBjYXB0 dXJlLjxicj 43LiBTb2Np YWxseSByZX Nwb25zaWJs ZTogUGVvcG xlcyBGaW5h bmNpYWwgU2 VydmljZXMg aXMgY29tbW l0dGVkIHRv IGJlaW5nIG EgcmVzcG9u c2libGUgY2 9ycG9yYXRl IGNpdGl6ZW 4gYW5kIGdp dmluZyBiYW NrIHRvIHRo ZSBjb21tdW 5pdGllcyBp dCBzZXJ2ZX MgdGhyb3Vn aCBjaGFyaX RhYmxlIGRv bmF0aW9ucy BhbmQgdm9s dW50ZWVyaX NtLjxicj44 LiBFeHBlcm llbmNlZCBh bmQga25vd2 xlZGdlYWJs ZSB0ZWFtOi BUaGUgY29t cGFueSBib2 FzdHMgYSB0 ZWFtIG9mIG V4cGVyaWVu Y2VkIGFuZC Brbm93bGVk Z2VhYmxlIH Byb2Zlc3Np b25hbHMgd2 hvIGFyZSBk ZWRpY2F0ZW QgdG8gcHJv dmlkaW5nIG V4Y2VwdGlv bmFsIHNlcn ZpY2UgYW5k IGFkdmljZS B0byB0aGVp ciBjdXN0b2 1lcnMuPGJy PjkuIFN0cm 9uZyBmaW5h bmNpYWwgcG VyZm9ybWFu Y2U6IFBlb3 BsZXMgRmlu YW5jaWFsIF NlcnZpY2Vz IGhhcyBhIH N0cm9uZyBm aW5hbmNpYW wgdHJhY2sg cmVjb3JkLC B3aXRoIGNv bnNpc3Rlbn QgZ3Jvd3Ro IGFuZCBwcm 9maXRhYmls aXR5LiBUaG lzIHByb3Zp ZGVzIGNvbm ZpZGVuY2Ug YW5kIHN0YW JpbGl0eSB0 byBjdXN0b2 1lcnMuPGJy PjEwLiBJbm R1c3RyeSBy ZWNvZ25pdG lvbjogVGhl IGNvbXBhbn kgaGFzIHJl Y2VpdmVkIG 51bWVyb3Vz IGluZHVzdH J5IGF3YXJk cyBhbmQgYW Njb2xhZGVz IGZvciBpdH MgcGVyZm9y bWFuY2UsIG N1c3RvbWVy IHNlcnZpY2 UsIGFuZCBj b21tdW5pdH kgaW52b2x2 ZW1lbnQuIF RoaXMgZnVy dGhlciBoaW dobGlnaHRz IGl0cyByZX B1dGF0aW9u IGFzIGEgdG 9wIGZpbmFu Y2lhbCBpbn N0aXR1dGlv bi4=

VGhlIFBlb3 BsZXMgRmlu YW5jaWFsIF NlcnZpY2Vz IGNvbXBhbn kgaXMgYSBm aW5hbmNpYW wgaW5zdGl0 dXRpb24gdG hhdCBvZmZl cnMgYSByYW 5nZSBvZiBi YW5raW5nIG FuZCBmaW5h bmNpYWwgc2 VydmljZXMg dG8gaW5kaX ZpZHVhbHMs IHNtYWxsIG J1c2luZXNz ZXMsIGFuZC Bjb21tZXJj aWFsIGNsaW VudHMuIEl0 cyBidXNpbm VzcyBtb2Rl bCByZXZvbH ZlcyBhcm91 bmQgcHJvdm lkaW5nIGNv bnZlbmllbn QsIHNlY3Vy ZSwgYW5kIH BlcnNvbmFs aXplZCBmaW 5hbmNpYWwg c29sdXRpb2 5zIHRvIGl0 cyBjdXN0b2 1lcnMsIHdp dGggYSBmb2 N1cyBvbiBi dWlsZGluZy Bsb25nLXRl cm0sIHRydX N0ZWQgcmVs YXRpb25zaG lwcy48YnI+ U29tZSBvZi B0aGUga2V5 IGNvbXBvbm VudHMgb2Yg dGhlIGNvbX BhbnkncyBi dXNpbmVzcy Btb2RlbCBp bmNsdWRlOj xicj4xLiBC YW5raW5nIG FuZCBGaW5h bmNpYWwgU2 VydmljZXM6 IFRoZSBjb2 1wYW55IG9m ZmVycyB2YX Jpb3VzIGJh bmtpbmcgYW 5kIGZpbmFu Y2lhbCBzZX J2aWNlcyBz dWNoIGFzIG NoZWNraW5n IGFuZCBzYX ZpbmdzIGFj Y291bnRzLC BjcmVkaXQg Y2FyZHMsIG xvYW5zLCBt b3J0Z2FnZX MsIGFuZCBp bnZlc3RtZW 50IHNlcnZp Y2VzLjxicj 4yLiBDdXN0 b21lci1DZW 50cmljIEFw cHJvYWNoOi BUaGUgY29t cGFueSBwcm lvcml0aXpl cyBpdHMgY3 VzdG9tZXJz JyBuZWVkcy BhbmQgcHJl ZmVyZW5jZX MgYW5kIHN0 cml2ZXMgdG 8gcHJvdmlk ZSBwZXJzb2 5hbGl6ZWQg YW5kIGVmZm ljaWVudCBz ZXJ2aWNlcy 4gVGhpcyBp bmNsdWRlcy BvZmZlcmlu ZyBjb252ZW 5pZW50IG9u bGluZSBhbm QgbW9iaWxl IGJhbmtpbm cgb3B0aW9u cyBhbmQgYS BkZWRpY2F0 ZWQgY3VzdG 9tZXIgc2Vy dmljZSB0ZW FtLjxicj4z LiBUZWNobm 9sb2d5IGFu ZCBJbm5vdm F0aW9uOiBU aGUgY29tcG FueSBjb25z dGFudGx5IG ludmVzdHMg aW4gdGVjaG 5vbG9neSBh bmQgaW5ub3 ZhdGlvbiB0 byBlbmhhbm NlIGl0cyBw cm9kdWN0cy BhbmQgc2Vy dmljZXMsIG ltcHJvdmUg ZWZmaWNpZW 5jeSwgYW5k IHN0YXkgYW hlYWQgb2Yg dGhlIGNvbX BldGl0aW9u Ljxicj40Li BSaXNrIE1h bmFnZW1lbn Q6IEFzIGEg ZmluYW5jaW FsIGluc3Rp dHV0aW9uLC B0aGUgY29t cGFueSBoYX MgYSByb2J1 c3Qgcmlzay BtYW5hZ2Vt ZW50IGZyYW 1ld29yayBp biBwbGFjZS B0byBlbnN1 cmUgdGhlIH NhZmV0eSBh bmQgc2VjdX JpdHkgb2Yg aXRzIGN1c3 RvbWVycycg ZnVuZHMgYW 5kIHRyYW5z YWN0aW9ucy 48YnI+NS4g UmV2ZW51ZS BTdHJlYW1z OiBUaGUgY2 9tcGFueSBn ZW5lcmF0ZX MgcmV2ZW51 ZSB0aHJvdW doIHZhcmlv dXMgc291cm NlcywgaW5j bHVkaW5nIG ludGVyZXN0 IGluY29tZS Bmcm9tIGxv YW5zIGFuZC BpbnZlc3Rt ZW50cywgZm VlcyBhbmQg Y29tbWlzc2 lvbnMgZnJv bSBzZXJ2aW NlcywgYW5k IGVhcm5pbm dzIGZyb20g aXRzIGludm VzdG1lbnQg cG9ydGZvbG lvLjxicj42 LiBFeHBhbn Npb24gYW5k IEdyb3d0aD ogVGhlIGNv bXBhbnkgYW ltcyB0byBl eHBhbmQgaX RzIGN1c3Rv bWVyIGJhc2 UgYW5kIHJl YWNoIHRocm 91Z2ggb3Jn YW5pYyBncm 93dGggYW5k IHN0cmF0ZW dpYyBhY3F1 aXNpdGlvbn Mgb3IgcGFy dG5lcnNoaX BzLjxicj5J biBzdW1tYX J5LCB0aGUg UGVvcGxlcy BGaW5hbmNp YWwgU2Vydm ljZXMgY29t cGFueSdzIG J1c2luZXNz IG1vZGVsIG lzIGNlbnRl cmVkIGFyb3 VuZCBwcm92 aWRpbmcgY3 VzdG9tZXIt Zm9jdXNlZC wgaW5ub3Zh dGl2ZSwgYW 5kIHByb2Zp dGFibGUgZm luYW5jaWFs IHNlcnZpY2 VzIHRvIGl0 cyBjbGllbn RzIHdoaWxl IG1hbmFnaW 5nIHJpc2tz IGFuZCBmb3 N0ZXJpbmcg Z3Jvd3RoLg ==

AI can indeed pose a material threat to financial services companies like Peoples Financial Services through various channels:
1. Substitution: AI-driven fintech solutions can offer products and services that directly compete with traditional bank offerings, such as loans, savings accounts, and investment management. For example, peer-to-peer lending platforms and robo-advisors use algorithms to provide faster, often cheaper, alternatives to conventional banking products.
2. Disintermediation: AI can facilitate direct connections between consumers and financial services without traditional intermediaries like banks. For instance, blockchain technology and smart contracts can eliminate the need for banks in certain transactions, enabling peer-to-peer exchanges that bypass traditional financial institutions.
3. Margin Pressure: The efficiency gains from AI can lead to competitive pricing pressures in the financial services sector. As AI streamlines operations, lowers costs, and enhances customer experiences, companies that do not adopt these technologies may struggle to maintain their profit margins. Furthermore, fintech companies utilizing AI may offer lower fees and better rates, challenging traditional banks to reduce their pricing to remain competitive.
In summary, Peoples Financial Services and similar companies need to adapt to the rapidly evolving landscape shaped by AI to avoid losing market share, maintain profitability, and ensure their relevance in the financial services sector.

The sensitivity of Peoples Financial Services Company’s earnings, cash flow, and valuation to changes in interest rates can be examined through several key factors:
1. Earnings Sensitivity: Interest rates significantly impact a bank’s net interest margin (NIM), which is the difference between interest income generated from loans and the amount of interest paid to depositors. If interest rates rise, earnings may increase, as the bank could charge higher rates on loans while potentially maintaining lower rates on existing deposits. Conversely, if rates fall, earnings may contract due to a decrease in interest income. The degree of sensitivity also depends on the bank’s asset-liability mix—how much of its assets are variable-rate versus fixed-rate.
2. Cash Flow Sensitivity: Cash flows from operating activities can be influenced by interest rates, especially the cash inflows from interest-earning assets. Rising interest rates may lead to higher cash inflows from loans, enhancing the company’s liquidity and its ability to invest in growth opportunities. However, if a significant portion of the bank’s liabilities is short-term and interest rates rise, the cost of funds may increase, potentially tightening cash flows. Thus, the sensitivity of cash flows to interest rate changes depends on the maturity profiles of both assets and liabilities.
3. Valuation Sensitivity: The valuation of Peoples Financial Services Company typically relies on discounted cash flow models, which are highly sensitive to interest rates. An increase in interest rates can raise the discount rate applied to future cash flows, thereby lowering the present value of those cash flows and negatively impacting the valuation. Conversely, lower interest rates can increase the present value of future cash flows, enhancing the company’s valuation. Moreover, adjustments in interest rates can influence market perceptions and risk premiums, further affecting valuation metrics.
In summary, Peoples Financial Services Company’s earnings, cash flow, and valuation are quite sensitive to interest rate changes, with potential positive or negative impacts depending on the direction of the rate movement and the firm’s specific asset-liability management strategies.

T25lIHJlYW xpc3RpYyBz Y2VuYXJpby B0aGF0IGNv dWxkIHBlcm 1hbmVudGx5 IGltcGFpci BQZW9wbGVz IEZpbmFuY2 lhbCBTZXJ2 aWNlcyBjb2 1wYW554oCZ cyBlY29ub2 1pY3Mgb3Zl ciB0aGUgbm V4dCAz4oCT NSB5ZWFycy BpcyBhIHNp Z25pZmljYW 50IGFuZCBw cm9sb25nZW QgZWNvbm9t aWMgcmVjZX NzaW9uIGRy aXZlbiBieS BmYWN0b3Jz IHN1Y2ggYX MgaGlnaCBp bmZsYXRpb2 4sIHJpc2lu ZyBpbnRlcm VzdCByYXRl cywgYW5kIH BvdGVudGlh bCBmaW5hbm NpYWwgaW5z dGFiaWxpdH kgaW4gdGhl IGJhbmtpbm cgc2VjdG9y LiA8YnI+SW 4gdGhpcyBz Y2VuYXJpby wgdGhlIHJl Y2Vzc2lvbi Bjb3VsZCBs ZWFkIHRvIG luY3JlYXNl ZCBsb2FuIG RlZmF1bHRz IGFzIGluZG l2aWR1YWxz IGFuZCBidX NpbmVzc2Vz IHN0cnVnZ2 xlIHRvIG1l ZXQgdGhlaX IgZmluYW5j aWFsIG9ibG lnYXRpb25z LiBUaGlzIH dvdWxkIGJl IHBhcnRpY3 VsYXJseSBo YXJtZnVsIG ZvciBhIGZp bmFuY2lhbC BzZXJ2aWNl cyBjb21wYW 55LCBhcyBp dCByZWxpZX MgaGVhdmls eSBvbiB0aG UgcmVwYXlt ZW50IG9mIG xvYW5zIGZv ciByZXZlbn VlLiBBcyBi b3Jyb3dlcn MgZGVmYXVs dCwgdGhlIG NvbXBhbnkg d291bGQgZm FjZSBhIHN1 YnN0YW50aW FsIGluY3Jl YXNlIGluIG 5vcGVyZm9y bWluZyBsb2 FucywgbGVh ZGluZyB0by BoaWdoZXIg cHJvdmlzaW 9ucyBmb3Ig bG9hbiBsb3 NzZXMuIFRo aXMgY291bG Qgc2lnbmlm aWNhbnRseS ByZWR1Y2Ug aXRzIG9wZX JhdGluZyBt YXJnaW5zLC Bmcm9tIGFs cmVhZHkgdG lnaHQgY29u ZGl0aW9ucy BjcmVhdGVk IGJ5IGhpZ2 hlciBpbnRl cmVzdCBleH BlbnNlcyBh c3NvY2lhdG VkIHdpdGgg Ym9ycm93aW 5nLjxicj5B ZGRpdGlvbm FsbHksIGR1 cmluZyBhIH JlY2Vzc2lv biwgY29uc3 VtZXIgc3Bl bmRpbmcgdH lwaWNhbGx5 IGRlY2xpbm VzLCB3aGlj aCBhZmZlY3 RzIGRlbWFu ZCBmb3IgZm luYW5jaWFs IHByb2R1Y3 RzIGFuZCBz ZXJ2aWNlcy wgdGh1cyBp bXBhY3Rpbm cgcmV2ZW51 ZSBnZW5lcm F0aW9uIGZv ciB0aGUgY2 9tcGFueS4g QXMgYnVzaW 5lc3NlcyBj dXQgYmFjay BvbiBpbnZl c3RtZW50cy wgdGhlIGRl bWFuZCBmb3 IgbG9hbnMg bWF5IGRyb3 AsIGZ1cnRo ZXIgc2hyaW 5raW5nIHJl dmVudWVzLj xicj5UaGUg Y29tcGFuee KAmXMgY2Fz aCBmbG93IH dvdWxkIGxp a2VseSBiZW NvbWUgY29u c3RyYWluZW QgYXMgaW5j b21pbmcgY2 FzaCBmcm9t IGxvYW4gcm VwYXltZW50 cyBkaW1pbm lzaGVzIGR1 ZSB0byBkZW ZhdWx0cyBh bmQgcmVkdW NlZCBsb2Fu IG9yaWdpbm F0aW9uLiBP cGVyYXRpbm cgY2FzaCBm bG93IG1heS B0dXJuIG5l Z2F0aXZlIG lmIHRoZSBj b21wYW55IG ZhaWxzIHRv IG1hbmFnZS BpdHMgZXhw ZW5zZXPigJ RzdWNoIGFz IGVtcGxveW VlIGNvc3Rz IGFuZCByZW 504oCUZWZm ZWN0aXZlbH kgZHVyaW5n IHRoaXMgZG 93bnR1cm4u IDxicj5Pbi B0aGUgYmFs YW5jZSBzaG VldCwgdGhl IGltcGFjdC BvZiB0aGlz IHNjZW5hcm lvIHdvdWxk IG1hbmlmZX N0IGluIHNl dmVyYWwga2 V5IGFyZWFz LiBUaGUgYX NzZXQgcXVh bGl0eSB3b3 VsZCBkZXRl cmlvcmF0ZS wgd2l0aCBh IHNpZ25pZm ljYW50IHBv cnRpb24gb2 YgdGhlIGxv YW4gcG9ydG ZvbGlvIGJl aW5nIGNsYX NzaWZpZWQg YXMgbm9wZX Jmb3JtaW5n IG9yIHdyaX R0ZW4gb2Zm LCB3aGljaC B3b3VsZCBy ZWR1Y2UgdG 90YWwgYXNz ZXRzLiBUaG UgbGlhYmls aXR5IHNpZG UgY291bGQg cmVmbGVjdC BpbmNyZWFz ZWQgYm9ycm 93aW5nIGFz IHRoZSBjb2 1wYW55IHNl ZWtzIHRvIG 1haW50YWlu IGxpcXVpZG l0eSwgdWx0 aW1hdGVseS BpbmNyZWFz aW5nIGxldm VyYWdlLiBU aGUgZXF1aX R5IHNlY3Rp b24gbWF5IG RldGVyaW9y YXRlIGR1ZS B0byBhY2N1 bXVsYXRlZC Bsb3NzZXMs IGFuZCBpZi B0aGUgY29t cGFueSBwb3 N0cyBzaWdu aWZpY2FudC BuZXQgbG9z c2VzIG92ZX IgY29uc2Vj dXRpdmUgeW VhcnMsIHRo YXQgY291bG QgbGVhZCB0 byBhIGRlY2 xpbmUgaW4g cmV0YWluZW QgZWFybmlu Z3MuPGJyPk luIHN1bW1h cnksIGlmIG FuIGVjb25v bWljIHJlY2 Vzc2lvbiB3 ZXJlIHRvIG ltcGFpciBQ ZW9wbGVzIE ZpbmFuY2lh bCBTZXJ2aW NlcywgbWFy Z2lucyB3b3 VsZCBzaHJp bmsgZHVlIH RvIGluY3Jl YXNlZCBwcm 92aXNpb25z IGZvciBsb2 FuIGxvc3Nl cyBhbmQgZG VjbGluaW5n IHJldmVudW VzLCBjYXNo IGZsb3cgd2 91bGQgYmVj b21lIHRpZ2 h0IHdpdGgg cG90ZW50aW FsIG5lZ2F0 aXZlIG9wZX JhdGluZyBm bG93cywgYW 5kIHRoZSBi YWxhbmNlIH NoZWV0IHdv dWxkIHJlZm xlY3QgaW5j cmVhc2VkIG 5vcGVyZm9y bWluZyBhc3 NldHMgYW5k IHBvc3NpYm x5IGhlaWdo dGVuZWQgbG V2ZXJhZ2Us IGFsbCBjb2 50cmlidXRp bmcgdG8gbG 9uZy10ZXJt IGZpbmFuY2 lhbCBzdHJh aW4uPGJyPg ==

CiAgICAgIC AgICAgIDxk aXYgc3R5bG U9J3dpZHRo OiAxMDAlOy BkaXNwbGF5 OiBmbGV4Oy BqdXN0aWZ5 LWNvbnRlbn Q6IGNlbnRl cjsnPgogIC AgICAgICAg ICAgICAgPG RpdiBzdHls ZT0nCiAgIC AgICAgICAg ICAgICAgIC AgZGlzcGxh eTogZmxleD sKICAgICAg ICAgICAgIC AgICAgICBh bGlnbi1pdG VtczogY2Vu dGVyOwogIC AgICAgICAg ICAgICAgIC AgIGJhY2tn cm91bmQtY2 9sb3I6ICNm MGY0Zjg7Ci AgICAgICAg ICAgICAgIC AgICAgYm9y ZGVyOiAxcH ggc29saWQg I2QxZTNmMD sKICAgICAg ICAgICAgIC AgICAgICBi b3JkZXItcm FkaXVzOiAx MHB4OwogIC AgICAgICAg ICAgICAgIC AgIHBhZGRp bmc6IDEwcH g7CiAgICAg ICAgICAgIC AgICAgICAg bWFyZ2luOi AyMHB4IDA7 CiAgICAgIC AgICAgICAg ICAgICAgZm 9udC1mYW1p bHk6ICJTZW dvZSBVSSIs IFJvYm90by wgc2Fucy1z ZXJpZjsKIC AgICAgICAg ICAgICAgIC AgICBib3gt c2hhZG93Oi AwIDJweCA2 cHggcmdiYS gwLCAwLCAw LCAwLjA1KT sKICAgICAg ICAgICAgIC AgICAgICBt YXgtd2lkdG g6IDkwMHB4 OwogICAgIC AgICAgICAg ICAgICAgIH dpZHRoOiAx MDAlOyc+Cg ogICAgICAg ICAgICAgIC AgICAgIDxp bWcgc3JjPS Jhc3NldHMv bG9nb3Mva0 NuUzgzRWNZ Zk5JaGVOYn JWY3gud2Vi cCIgYWx0PS JQZW9wbGVz IEZpbmFuY2 lhbCBTZXJ2 aWNlcyIgdG l0bGU9IlBl b3BsZXMgRm luYW5jaWFs IFNlcnZpY2 VzIiAgY2xh c3M9ImltZy 1mbHVpZCIg aGVpZ2h0PT UwIHdpZHRo PTUwIGxvYW Rpbmc9J2xh enknIHN0eW xlPSdib3Jk ZXItcmFkaX VzOiA2cHg7 Jz4KCiAgIC AgICAgICAg ICAgICAgIC AgPGRpdiBz dHlsZT0nZm xleDogMTsg dGV4dC1hbG lnbjogY2Vu dGVyOyBtYX JnaW4tbGVm dDogNXB4Oy c+CiAgICAg ICAgICAgIC AgICAgICAg ICAgIDxwIH N0eWxlPSdm b250LXNpem U6IDI2cHg7 IGNvbG9yOi AjMzMzOyBt YXJnaW4tYm 90dG9tOiAx NXB4Oyc+Ci AgICAgICAg ICAgICAgIC AgICAgICAg ICAgICDwn5 OIIFdhbnQg dG8gcmVhZC Btb3JlIGFi b3V0IFBlb3 BsZXMgRmlu YW5jaWFsIF NlcnZpY2Vz PwogICAgIC AgICAgICAg ICAgICAgIC AgICA8L3A+ CgogICAgIC AgICAgICAg ICAgICAgIC AgICA8YSBo cmVmPSdpbm RleC5waHA/ cGFnZT1zaW dudXAnIHN0 eWxlPScKIC AgICAgICAg ICAgICAgIC AgICAgICAg ICAgIGJhY2 tncm91bmQt Y29sb3I6IC MwMDdCRkY7 CiAgICAgIC AgICAgICAg ICAgICAgIC AgICAgICBj b2xvcjogI2 ZmZjsKICAg ICAgICAgIC AgICAgICAg ICAgICAgIC AgIHBhZGRp bmc6IDEwcH ggMjBweDsK ICAgICAgIC AgICAgICAg ICAgICAgIC AgICAgIGJv cmRlci1yYW RpdXM6IDVw eDsKICAgIC AgICAgICAg ICAgICAgIC AgICAgICAg IHRleHQtZG Vjb3JhdGlv bjogbm9uZT sKICAgICAg ICAgICAgIC AgICAgICAg ICAgICAgIG ZvbnQtd2Vp Z2h0OiBib2 xkOwogICAg ICAgICAgIC AgICAgICAg ICAgICAgIC AgbWFyZ2lu LXJpZ2h0Oi AxMHB4Owog ICAgICAgIC AgICAgICAg ICAgICAgIC AgICAgdHJh bnNpdGlvbj ogYmFja2dy b3VuZC1jb2 xvciAwLjNz IGVhc2U7Jw ogICAgICAg ICAgICAgIC AgICAgICAg ICAgICAgb2 5tb3VzZW92 ZXI9J3RoaX Muc3R5bGUu YmFja2dyb3 VuZENvbG9y PSIjMDA1Nm IzIicKICAg ICAgICAgIC AgICAgICAg ICAgICAgIC AgIG9ubW91 c2VvdXQ9J3 RoaXMuc3R5 bGUuYmFja2 dyb3VuZENv bG9yPSIjMD A3QkZGIic+ CiAgICAgIC AgICAgICAg ICAgICAgIC AgICAgICBT aWduIHVwIG ZvciBmcmVl CiAgICAgIC AgICAgICAg ICAgICAgIC AgIDwvYT4K CiAgICAgIC AgICAgICAg ICAgICAgIC AgIDxzcGFu IHN0eWxlPS dtYXJnaW46 IDAgOHB4Oy Bjb2xvcjog IzU1NTsnPm 9yPC9zcGFu PgoKICAgIC AgICAgICAg ICAgICAgIC AgICAgPGEg aHJlZj0naW 5kZXgucGhw P3BhZ2U9bG 9naW4nIHN0 eWxlPScKIC AgICAgICAg ICAgICAgIC AgICAgICAg ICAgIGNvbG 9yOiAjMDA3 QkZGOwogIC AgICAgICAg ICAgICAgIC AgICAgICAg ICAgdGV4dC 1kZWNvcmF0 aW9uOiB1bm RlcmxpbmU7 CiAgICAgIC AgICAgICAg ICAgICAgIC AgICAgICBm b250LXdlaW dodDogNTAw Oyc+CiAgIC AgICAgICAg ICAgICAgIC AgICAgICAg ICBsb2cgaW 4KICAgICAg ICAgICAgIC AgICAgICAg ICAgPC9hPg oKCiAgICAg ICAgICAgIC AgICAgICAg ICAgIDxwIH N0eWxlPSdt YXJnaW4tdG 9wOiAxNXB4 OyBmb250LX NpemU6IDEz cHg7IGZvbn Qtd2VpZ2h0 OiBib2xkOy Bjb2xvcjog I2QzMmYyZj snPgogICAg ICAgICAgIC AgICAgICAg ICAgICAgIC Ag8J+TmCBD bGFpbSB5b3 VyIGZyZWUg ZUJvb2s6ID xpPiJUaGUg Q2hlY2tsaX N0IFZhbHVl IEludmVzdG 9yIOKAlCBB IFNtYXJ0ZX IgV2F5IHRv IFBpY2sgU3 RvY2tzIjwv aT4KICAgIC AgICAgICAg ICAgICAgIC AgICAgPC9w PgoKICAgIC AgICAgICAg ICAgICAgIC AgICAgPCEt LQogICAgIC AgICAgICAg ICAgICAgIC AgICA8ZGl2 IHN0eWxlPS dtYXJnaW4t dG9wOiAxMn B4OyBmb250 LXNpemU6ID EzcHg7IGNv bG9yOiAjND Q0Oyc+CiAg ICAgICAgIC AgICAgICAg ICAgICAgIC AgICBTaWdu IHVwIG5vdy BhbmQgZ2V0 IG91ciBmcm VlIGVCb29r IAogICAgIC AgICAgICAg ICAgICAgIC AgICAgICAg PGI+VGhlIE NoZWNrbGlz dCBWYWx1ZS BJbnZlc3Rv ciDigJQgQS BTbWFydGVy IFdheSB0by BQaWNrIFN0 b2NrczwvYj 4KICAgICAg ICAgICAgIC AgICAgICAg ICAgPC9kaX Y+CiAgICAg ICAgICAgIC AgICAgICAg ICAgIC0tPg ogICAgICAg ICAgICAgIC AgICAgICAg ICA8IS0tCi AgICAgICAg ICAgICAgIC AgICAgICAg IDxkaXYgc3 R5bGU9J21h cmdpbi10b3 A6IDE2cHg7 IGZvbnQtc2 l6ZTogMTRw eDsgY29sb3 I6ICM0NDQ7 IGZvbnQtZm FtaWx5OiAt YXBwbGUtc3 lzdGVtLCBC bGlua01hY1 N5c3RlbUZv bnQsIFNlZ2 9lIFVJLCBS b2JvdG8sIE hlbHZldGlj YSBOZXVlLC BzYW5zLXNl cmlmOyBsaW 5lLWhlaWdo dDogMS42Oy c+CiAgICAg ICAgICAgIC AgICAgICAg ICAgICAgIC BIYXZlIHlv dSBoZWFyZC BhYm91dCBv dXIgc2hvcn QgPHN0cm9u ZyBzdHlsZT 0nZm9udC13 ZWlnaHQ6ID YwMDsnPkRh aWx5IFZpZG VvIE5ld3Ns ZXR0ZXI8L3 N0cm9uZz4/ CiAgICAgIC AgICAgICAg ICAgICAgIC AgICAgICA8 YSBocmVmPS dodHRwczov L3d3dy5pbn NpZ2h0ZnVs dmFsdWUuY2 9tL25ld3Ns ZXR0ZXIucG hwJyB0YXJn ZXQ9J19ibG Fuaycgc3R5 bGU9J2NvbG 9yOiAjMDA3 QkZGOyB0ZX h0LWRlY29y YXRpb246IG 5vbmU7IGZv bnQtd2VpZ2 h0OiA1MDA7 IG1hcmdpbi 1sZWZ0OiA2 cHg7Jz4KIC AgICAgICAg ICAgICAgIC AgICAgICAg ICAgICAgIC BGaW5kIG91 dCBtb3JlCi AgICAgICAg ICAgICAgIC AgICAgICAg ICAgICA8L2 E+CiAgICAg ICAgICAgIC AgICAgICAg ICAgIDwvZG l2PgogICAg ICAgICAgIC AgICAgICAg ICAgICAtLT 4KICAgICAg ICAgICAgIC AgICAgICA8 L2Rpdj4KIC AgICAgICAg ICAgICAgID wvZGl2Pgog ICAgICAgIC AgICA8L2Rp dj4KICAgIC AgICAgICAg CiAgICAgIC AgCiAgICAg ICAgPHNwYW 4gY2xhc3M9 J2JsdXJyZW QtdGV4dCc+ CiAgICAgIC AgICAgIE1T NGdWR2hsSU cgTnZiWEJo Ym5rZyBkMk Z6SUdadmRX IDVrWldRZ2 FXNGcgTVRr NU9DQnBiaS BCVFkzSmhi blJ2IGJpd2 dVR1Z1Ym4g TjViSFpoYm 1saCBMaUE4 WW5JK01pID RnU1hRZ2FY TWcgWVNCbW FXNWhibSBO cFlXd2djMl Z5IGRtbGpa WE1nWTIgOX RjR0Z1ZVNC MCBhR0YwSU c5bVptIFZ5 Y3lCaElISm ggYm1kbElH OW1JRyBKaG JtdHBibWNn IFlXNWtJSG RsWVcgeDBh Q0J0WVc1aC BaMlZ0Wlc1 MElIIE5sY2 5acFkyVnog SUhSdklHbH VaRyBsMmFX UjFZV3h6IE lHRnVaQ0Jp ZFggTnBibV Z6YzJWeiBM aUE4WW5JK0 15IDRnVkdo bElHTnYgYl hCaGJubmln SiBseklITj BiMk5yIElH bHpJSFJ5WV cgUmxaQ0J2 YmlCMCBhR1 VnVGtGVFJF IEZSSUhWdV pHVnkgSUhS b1pTQjBhVy BOclpYSWdj M2x0IFltOX NJRkJHU1Yg TXVJRHhpY2 o0MCBMaUJR Wlc5d2JHIF Z6SUVacGJt RnUgWTJsaG JDQlRaWCBK MmFXTmxjeU JvIFlYTWdi M1psY2kgQX lNQ0JpY21G dSBZMmhsY3 lCc2IyIE5o ZEdWa0lIUm 8gY205MVoy aHZkWCBRZ1 VHVnVibk41 IGJIWmhibW xoSUcgRnVa Q0JPWlhjZy BXVzl5YXk0 Z1BHIEp5UG pVdUlGUm8g WlNCamIyMX dZVyA1NUlH aGhjeUJpIF pXVnVJR052 Ym4gTnBjM1 JsYm5ScyBl U0J5WldOdl oyIDVwZW1W a0lHRnogSU c5dVpTQnZa aSBCMGFHVW dZbVZ6IGRD QmlZVzVyY3 kgQnBiaUIw YUdVZyBWVz VwZEdWa0lG IE4wWVhSbG N5QmkgZVNC R2IzSmlaWC BNZ1lXNWtJ Rk1tIFVDQk hiRzlpWVcg d2dUV0Z5YT JWMCBJRWx1 ZEdWc2JHIG xuWlc1alpT NGcgUEdKeV BqWXVJRSBs dUlESXdNVG dzIElGQmxi M0JzWlggTW dSbWx1WVc1 aiBhV0ZzSU ZObGNuIFpw WTJWeklIZG ggY3lCeVlX NXJaVyBRZ1 lYTWdkR2hs IElIUnZjQ0 J3WlggSm1i M0p0YVc1bi BJR0poYm1z Z2FXIDRnVU dWdWJuTjUg YkhaaGJtbG hJRyBKNUlF SmhibXNnIF JHbHlaV04w YjMgSWdUV0 ZuWVhwcCBi bVV1SUR4aW NqIDQzTGlC VWFHVWcgWT I5dGNHRnVl UyBCb1lYTW diM1psIGNp QWtNUzQzSU cgSnBiR3hw YjI0ZyBhVz RnWVhOelpY IFJ6SUdGdV pDQmwgYlhC c2IzbHpJRy A5MlpYSWdN elV3IElIQm xiM0JzWlMg NGdQR0p5UG pndSBJRkJs YjNCc1pYIE 1nUm1sdVlX NWogYVdGc0 lGTmxjbiBa cFkyVnpJR2 x6IElHRWdZ Mjl0YlggVn VhWFI1TFc5 eSBhV1Z1ZE dWa0lHIEpo Ym1zc0lIZH AgZEdnZ1lT QnpkSCBKdm JtY2dabTlq IGRYTWdiMj RnYzMgVndj Rzl5ZEdsdS BaeUIwYUdV Z2JHIDlqWV d3Z1pXTnYg Ym05dGFXVn pJRyBGdVpD QmpiMjF0IG RXNXBkR2xs Y3kgQnBkQ0 J6WlhKMiBa WE11SUR4aW NqIDQ1TGlC VWFHVWcgWT I5dGNHRnVl UyBCcGN5Qn JibTkzIGJp Qm1iM0lnYV ggUnpJR1Y0 WTJWcyBiR1 Z1ZENCamRY IE4wYjIxbG NpQnogWlhK MmFXTmxJRy BGdVpDQm9Z WE1nIGNtVm paV2wyWlcg UWdiblZ0Wl hKdiBkWE1n WVhkaGNtIF J6SUdadmNp QnAgZEhNZ1 kzVnpkRyA5 dFpYSWdjMk YwIGFYTm1Z V04wYVcgOX VMaUE4WW5J KyBNVEF1SU VsdUlHIEZr WkdsMGFXOX UgSUhSdklI UnlZVyBScG RHbHZibUZz IElHSmhibX RwYm0gY2dj MlZ5ZG1sai BaWE1zSUZC bGIzIEJzWl hNZ1JtbHUg WVc1amFXRn NJRiBObGNu WnBZMlZ6IE lHRnNjMjhn YjIgWm1aWE p6SUdsdSBj M1Z5WVc1al pTIHdnYVc1 MlpYTjAgYl dWdWRDd2dZ VyA1a0lIUn lkWE4wIElI TmxjblpwWT IgVnpJSFJv Y205MSBaMm dnYVhSeklI IE4xWW5OcF pHbGggY25r c0lGQmxiMy BCc1pYTWdV MlZqIGRYSn BkSGtnUW0g RnVheUJoYm 1RZyBWSEox YzNRdQogIC AgICAgIDwv c3Bhbj4KIC AgICAgICAK ICAgICAgIC A=