Quarterly report pursuant to Section 13 or 15(d)

Consolidated Balance Sheets (Unaudited)

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Consolidated Balance Sheets (Unaudited) (USD $)
In Thousands, unless otherwise specified
Mar. 31, 2012
Dec. 31, 2011
ASSETS    
Cash and Due From Banks $ 68,093 $ 80,582
Interest-Bearing Deposits in Other Banks 92,149 101,101
Federal Funds Sold 0 20,000
Cash and Cash Equivalents 160,242 201,683
Restricted Cash 1,818 1,818
Term Federal Funds Sold 120,000 115,000
Securities Available for Sale, at Fair Value (Amortized Cost of $351,048 as of March 31, 2012 and $377,747 as of December 31, 2011), respectively 355,837 381,862
Securities Held to Maturity, at Amortized Cost (Fair Value of $59,977 as of March 31, 2012 and $59,363 as of December 31, 2011), respectively 59,472 59,742
Loans Held for Sale, at the Lower of Cost or Fair Value 55,993 22,587
Loans Receivable, Net of Allowance for Loan Losses of $81,052 as of March 31, 2012 and $89,936 as of December 31, 2011, respectively 1,896,827 1,849,020
Accrued Interest Receivable 7,969 7,829
Premises and Equipment, Net 16,272 16,603
Other Real Estate Owned, Net 1,260 180
Customers' Liability on Acceptances 1,539 1,715
Servicing Assets 3,515 3,720
Other Intangible Assets, Net 1,462 1,533
Investment in Federal Home Loan Bank Stock, at Cost 21,761 22,854
Investment in Federal Reserve Bank Stock, at Cost 8,558 8,558
Income Taxes Assets 11,501 9,073
Bank-Owned Life Insurance 28,344 28,289
Prepaid Expenses 3,204 1,598
Other Assets 15,897 11,160
TOTAL ASSETS 2,771,471 2,744,824
Deposits:    
Noninterest-Bearing 704,061 634,466
Interest-Bearing 1,659,665 1,710,444
Total Deposits 2,363,726 2,344,910
Accrued Interest Payable 15,602 16,032
Bank's Liability on Acceptances 1,539 1,715
Federal Home Loan Bank Advances 3,213 3,303
Junior Subordinated Debentures 82,406 82,406
Accrued Expenses and Other Liabilities 11,267 10,850
TOTAL LIABILITIES 2,477,753 2,459,216
COMMITMENTS AND CONTINGENCIES      
STOCKHOLDERS' EQUITY:    
Common Stock, $0.008 Par Value; Authorized 62,500,000 Shares; Issued 32,066,987 Shares (31,489,201 Shares Outstanding) and 32,066,987 Shares (31,489,201 Shares Outstanding) as of March 31, 2012 and December 31, 2011, respectively 257 257
Additional Paid-In Capital 549,811 549,744
Unearned Compensation (141) (166)
Accumulated Other Comprehensive Income - Unrealized Gain on Securities Available for Sale and Interest-Only Strips, Net of Income Taxes of $602 as of March 31, 2012, and December 31, 2011, respectively 4,201 3,524
Accumulated Deficit (190,552) (197,893)
Less Treasury Stock, at Cost; 577,786 Shares as of March 31, 2012 and as of December 31, 2011 (69,858) (69,858)
TOTAL STOCKHOLDERS' EQUITY 293,718 285,608
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $ 2,771,471 $ 2,744,824