Annual report pursuant to Section 13 and 15(d)

Consolidated Balance Sheets

v2.4.0.6
Consolidated Balance Sheets (USD $)
In Thousands, unless otherwise specified
Dec. 31, 2011
Dec. 31, 2010
ASSETS    
Cash and Due From Banks $ 80,582 $ 60,983
Interest-Bearing Deposits in Other Banks 101,101 158,737
Federal Funds Sold 20,000 30,000
Cash and Cash Equivalents 201,683 249,720
Restricted Cash 1,818 0
Term Federal Funds Sold 115,000 0
Securities Held to Maturity, at Amortized Cost (Fair value of $59,363 as of December 31, 2011 and $847 as of December 31, 2010) 59,742 845
Securities Available for Sale, at Fair Value (Amortized Cost of $377,747 as of December 31, 2011 and $415,491 as of December 31, 2010) 381,862 413,118
Loans Receivable, Net of Allowance for Loan Losses of $89,936 as of December 31, 2011 and $146,059 as of December 31, 2010 1,849,020 2,084,447
Loan Held for Sale, at the Lower of Cost or Fair Value 22,587 36,620
Accrued Interest Receivable 7,829 8,048
Premises and Equipment, Net 16,603 17,599
Other Real Estate Owned, Net 180 4,089
Customers' Liability on Acceptances 1,715 711
Servicing Assets 3,720 2,890
Other Intangible Assets, Net 1,533 2,233
Investment in Federal Home Loan Bank Stock, at Cost 22,854 27,282
Investment in Federal Reserve Bank Stock, at Cost 8,558 7,449
Income Taxes Receivable 9,073 9,188
Bank-Owned Life Insurance 28,289 27,350
Other Assets 12,758 15,559
TOTAL ASSETS 2,744,824 2,907,148
Deposits:    
Noninterest-Bearing 634,466 546,815
Interest-Bearing 1,710,444 1,919,906
Total Deposits 2,344,910 2,466,721
Accrued Interest Payable 16,032 15,966
Bank's Liability on Acceptances 1,715 711
Federal Home Loan Bank Advances 3,303 153,650
Other Borrowings 0 1,570
Junior Subordinated Debentures 82,406 82,406
Accrued Expenses and Other Liabilities 10,850 12,868
TOTAL LIABILITIES 2,459,216 2,733,892
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 19,478,862 Shares (18,899,799 Shares Outstanding) as of December 31, 2011 and 2010, respectively 257 156
Additional Paid-In Capital 549,744 472,335
Unearned Compensation (166) (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 December 31, 2011 and 2010 3,524 (2,964)
Accumulated Deficit (197,893) (226,040)
Less Treasury Stock , at Cost: 577,786 Shares as of December 31, 2011, and 579,063 Shares as of December 31, 2010 (69,858) (70,012)
TOTAL STOCKHOLDERS' EQUITY 285,608 173,256
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $ 2,744,824 $ 2,907,148