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
Jun. 30, 2012
Dec. 31, 2011
ASSETS    
Cash and Due From Banks $ 73,645 $ 80,582
Interest-Bearing Deposits in Other Banks 197,760 101,101
Federal Funds Sold 33,000 20,000
Cash and Cash Equivalents 304,405 201,683
Restricted Cash 3,819 1,818
Term Federal Funds Sold 110,000 115,000
Securities Available for Sale, at Fair Value (Amortized Cost of $315,712 as of June 30, 2012 and $377,747 as of December 31, 2011) 319,154 381,862
Securities Held to Maturity, at Amortized Cost (Fair Value of $54,573 as of June 30, 2012 and $59,363 as of December 31, 2011) 53,130 59,742
Loans Held for Sale, at the Lower of Cost or Fair Value 5,138 22,587
Loans Receivable, Net of Allowance for Loan Losses of 71,893 as of June 30, 2012 and $89,936 as of December 31, 2011 1,878,367 1,849,020
Accrued Interest Receivable 7,168 7,829
Premises and Equipment, Net 15,912 16,603
Other Real Estate Owned, Net 1,071 180
Customers' Liability on Acceptances 1,443 1,715
Servicing Assets 5,003 3,720
Other Intangible Assets, Net 1,417 1,533
Investment in Federal Home Loan Bank Stock, at Cost 20,687 22,854
Investment in Federal Reserve Bank Stock, at Cost 10,261 8,558
Deferred Taxes Assets 47,483  
Current Tax Assets 13,952 9,073
Bank-Owned Life Insurance 28,581 28,289
Prepaid Expenses 2,726 1,598
Other Assets 16,935 11,160
TOTAL ASSETS 2,846,652 2,744,824
Deposits:    
Non - interest-Bearing 679,085 634,466
Interest-Bearing 1,706,022 1,710,444
Total Deposits 2,385,107 2,344,910
Accrued Interest Payable 14,882 16,032
Bank's Liability on Acceptances 1,443 1,715
Federal Home Loan Bank Advances 3,122 3,303
Junior Subordinated Debentures 82,406 82,406
Accrued Expenses and Other Liabilities 11,236 10,850
TOTAL LIABILITIES 2,498,196 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) as of June 30, 2012 and December 31, 2011 257 257
Additional Paid-In Capital 549,796 549,744
Unearned Compensation (116) (166)
Accumulated Other Comprehensive Income - Unrealized Gain on Securities Available for Sale and Loss on Interest-Only Strips, Net of Income Taxes of $302 as of June 30, 2012, and $602 as of December 31, 2011 3,154 3,524
Accumulated Deficit (134,777) (197,893)
Less Treasury Stock, at Cost; 577,786 Shares as of June 30, 2012 and as of December 31, 2011 (69,858) (69,858)
TOTAL STOCKHOLDERS' EQUITY 348,456 285,608
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $ 2,846,652 $ 2,744,824