Quarterly report pursuant to Section 13 or 15(d)

Consolidated Balance Sheets (Unaudited)

v2.3.0.15
Consolidated Balance Sheets (Unaudited) (USD $)
In Thousands
Sep. 30, 2011
Dec. 31, 2010
ASSETS    
Cash and Due From Banks $ 72,591 $ 60,983
Interest-Bearing Deposits in Other Banks 156,271 158,737
Federal Funds Sold 0 30,000
Cash and Cash Equivalents 228,862 249,720
Securities Held to Maturity, at Amortized Cost (Fair Value of $52,560 as of September 30, 2011 and $847 as of December 31, 2010) 52,638 845
Investment Securities Available for Sale, at Fair Value (Amortized Cost of $358,562 as of September 30, 2011 and $415,491 as of December 31, 2010) 363,060 413,118
Loans Receivable, Net of Allowance for Loan Losses of $100,792 as of September 30, 2011 and $146,059 as of December 31, 2010 1,891,533 2,084,447
Loans Held for Sale, at the Lower of Cost or Fair Value 37,202 36,620
Accrued Interest Receivable 7,225 8,048
Premises and Equipment, Net 16,627 17,599
Other Real Estate Owned, Net 289 4,089
Customers' Liability on Acceptances 599 711
Servicing Assets 2,884 2,890
Other Intangible Assets, Net 1,664 2,233
Investment in Federal Home Loan Bank Stock, at Cost 23,962 27,282
Investment in Federal Reserve Bank Stock, at Cost 7,489 7,449
Income Taxes Receivable 9,188 9,188
Bank-Owned Life Insurance 28,051 27,350
Other Assets 15,297 15,559
TOTAL ASSETS 2,686,570 2,907,148
Deposits:    
Noninterest-Bearing 621,195 546,815
Interest-Bearing 1,731,974 1,919,906
Total Deposits 2,353,169 2,466,721
Accrued Interest Payable 13,490 15,966
Bank's Liability on Acceptances 599 711
Federal Home Loan Bank Advances 3,392 153,650
Other Borrowings 18,708 1,570
Junior Subordinated Debentures 82,406 82,406
Accrued Expenses and Other Liabilities 11,603 12,868
Total Liabilities 2,483,367 2,733,892
COMMITMENTS AND CONTINGENCIES    
STOCKHOLDERS' EQUITY:    
Common Stock, $0.00 Par Value; Authorized 500,000,000 Shares; Issued 155,890,890 Shares (151,258,390 Shares Outstanding) and 155,830,890 Shares (151,198,390 Shares Outstanding) as of September 30, 2011 and December 31, 2010, respectively 156 156
Additional Paid-In Capital 472,748 472,335
Unearned Compensation (192) (219)
Accumulated Other Comprehensive Income (Loss) - Unrealized Gain (Loss) on Securities Available for Sale and Interest-Only Strips, Net of Income Taxes of $602 as of September 30, 2011 and December 31, 2010 3,902 (2,964)
Accumulated Deficit (203,399) (226,040)
Less Treasury Stock, at Cost: 4,632,500 Shares as of September 30, 2011 and December 31, 2010 (70,012) (70,012)
Total Stockholders' Equity 203,203 173,256
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $ 2,686,570 $ 2,907,148