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
Sep. 30, 2012
Dec. 31, 2011
ASSETS    
Cash and Due From Banks $ 72,053 $ 80,582
Interest-Bearing Deposits in Other Banks 217,375 101,101
Federal Funds Sold 13,000 20,000
Cash and Cash Equivalents 302,428 201,683
Restricted Cash 4,393 1,818
Term Federal Funds Sold 55,000 115,000
Securities Available for Sale, at Fair Value (Amortized Cost of $402,978 as of September 30, 2012 and $377,747 as of December 31, 2011) 410,210 381,862
Securities Held to Maturity, at Amortized Cost (Fair Value of $59,363 as of December 31, 2011)   59,742
Loans Held for Sale, at the Lower of Cost or Fair Value 10,736 22,587
Loans Receivable, Net of Allowance for Loan Losses of $66,107 as of September 30, 2012 and $89,936 as of December 31, 2011 1,892,813 1,849,020
Accrued Interest Receivable 7,467 7,829
Premises and Equipment, Net 15,412 16,603
Other Real Estate Owned, Net 364 180
Customers' Liability on Acceptances 2,157 1,715
Servicing Assets 5,148 3,720
Other Intangible Assets, Net 1,376 1,533
Investment in Federal Home Loan Bank Stock, at Cost 19,621 22,854
Investment in Federal Reserve Bank Stock, at Cost 10,261 8,558
Deferred Tax Assets 48,826  
Current Tax Assets 11,689 9,073
Bank-Owned Life Insurance 28,816 28,289
Prepaid Expenses 2,239 1,598
Other Assets 12,901 11,160
TOTAL ASSETS 2,841,857 2,744,824
Deposits:    
Noninterest-Bearing 694,345 634,466
Interest-Bearing 1,669,040 1,710,444
Total Deposits 2,363,385 2,344,910
Accrued Interest Payable 15,266 16,032
Bank's Liability on Acceptances 2,157 1,715
Federal Home Loan Bank Advances 3,029 3,303
Junior Subordinated Debentures 82,406 82,406
Accrued Expenses and Other Liabilities 11,627 10,850
TOTAL LIABILITIES 2,477,870 2,459,216
STOCKHOLDERS' EQUITY:    
Common Stock, $0.001 Par Value; Authorized 62,500,000 Shares; Issued 32,067,095 Shares (31,489,201 Shares Outstanding) as of September 30, 2012 and December 31, 2011 257 257
Additional Paid-In Capital 549,814 549,744
Unearned Compensation (92) (166)
Accumulated Other Comprehensive Income-Unrealized Gain on Securities Available for Sale and Loss on Interest-Only Strip, Net of Income Taxes of $1,882 as of September 30, 2012 and $602 as of December 31, 2011 5,364 3,524
Accumulated Deficit (121,498) (197,893)
Less Treasury Stock, at Cost; 577,894 Shares as of September 30, 2012 and December 31, 2011 (69,858) (69,858)
TOTAL STOCKHOLDERS' EQUITY 363,987 285,608
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $ 2,841,857 $ 2,744,824