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, 2012
Dec. 31, 2011
ASSETS    
Cash and Due From Banks $ 92,350 $ 80,582
Interest-Bearing Deposits in Other Banks 175,697 101,101
Federal Funds Sold   20,000
Cash and Cash Equivalents 268,047 201,683
Restricted Cash 5,350 1,818
Term Federal Funds Sold   115,000
Securities Available for Sale, at Fair Value (Amortized Cost of $443,712 as of December 31, 2012 and $377,747 as of December 31, 2011) 451,060 381,862
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 8,306 22,587
Loans Receivable, Net of Allowance for Loan Losses of $63,305 as of December 31, 2012 and $89,936 as of December 31, 2011 1,986,051 1,849,020
Accrued Interest Receivable 7,581 7,829
Premises and Equipment, Net 15,150 16,603
Other Real Estate Owned, Net 774 180
Customers' Liability on Acceptances 1,336 1,715
Servicing Assets 5,542 3,720
Other Intangible Assets, Net 1,335 1,533
Investment in Federal Home Loan Bank Stock, at Cost 17,800 22,854
Investment in Federal Reserve Bank Stock, at Cost 12,222 8,558
Deferred Tax Assets 50,998  
Current Tax Assets 9,030 9,073
Bank-Owned Life Insurance 29,054 28,289
Prepaid Expenses 2,084 1,598
Other Assets 10,800 11,160
TOTAL ASSETS 2,882,520 2,744,824
Deposits:    
Noninterest-Bearing 720,931 634,466
Interest-Bearing 1,675,032 1,710,444
Total Deposits 2,395,963 2,344,910
Accrued Interest Payable 11,775 16,032
Bank's Liability on Acceptances 1,336 1,715
Federal Home Loan Bank Advances 2,935 3,303
Junior Subordinated Debentures 82,406 82,406
Accrued Expenses and Other Liabilities 9,741 10,850
TOTAL LIABILITIES 2,504,156 2,459,216
STOCKHOLDERS' EQUITY:    
Common Stock, $0.001 Par Value; Authorized 62,500,000 Shares; Issued 32,074,434 Shares (31,496,540 Shares Outstanding) and 32,066,987 Shares (31,489,201 Shares Outstanding) as of December 31, 2012 and 2011, respectively 257 257
Additional Paid-In Capital 550,123 549,744
Unearned Compensation (57) (166)
Accumulated Other Comprehensive Income-Unrealized Gain on Securities Available for Sale and Loss on Interest-Only Strip, Net of Income Taxes of $1,946 as of December 31, 2012 and $602 as of December 31, 2011 5,418 3,524
Accumulated Deficit (107,519) (197,893)
Less Treasury Stock, at Cost; 577,894 Shares as of December 31, 2012 and 2011 (69,858) (69,858)
TOTAL STOCKHOLDERS' EQUITY 378,364 285,608
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $ 2,882,520 $ 2,744,824