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CONSOLIDATED BALANCE SHEET (UNAUDITED) (USD $)
In Thousands
Jun. 30, 2011
Dec. 31, 2010
Cash and cash equivalents    
Cash and due from banks $ 168,957 $ 157,411
Interest bearing deposits 199,866 314,908
Total cash and cash equivalents 368,823 472,319
Investment securities, available-for-sale, at fair value 353,099 231,165
Investment securities, held-to-maturity (fair value $13,498 and $16,550, respectively) 18,102 21,364
Loans, net of deferred loan costs 1,678,660 1,619,195
Allowance for loan and lease losses (27,685) (24,063)
Loans, net 1,650,975 1,595,132
Premises and equipment, net 8,296 8,767
Accrued interest receivable 7,839 8,878
Intangible assets, net 8,504 9,005
Other real estate owned 3,764 2,115
Deferred tax asset, net 21,960 24,365
Other assets 24,477 22,613
Total assets 2,465,839 2,395,723
Deposits    
Demand (non-interest bearing) 1,073,228 945,605
Savings, money market and interest checking 1,076,654 975,973
Time deposits 1,394 90,862
Time deposits, $100,000 and over 11,427 11,657
Total deposits 2,162,703 2,024,097
Securities sold under agreements to repurchase 20,258 14,383
Short-term borrowings 0 87,000
Federal funds purchased 0 49,000
Accrued interest payable 131 124
Subordinated debenture 13,401 13,401
Other liabilities 7,109 8,812
Total liabilities 2,203,602 2,196,817
SHAREHOLDERS' EQUITY    
Common stock - authorized, 50,000,000 shares of $1.00 par value; 33,196,281 and 26,181,281 shares issued and outstanding at June 30, 2011 and December 31, 2010, respectively 33,196 26,181
Additional paid-in capital 241,011 192,711
Accumulated deficit (14,847) (18,195)
Accumulated other comprehensive income (loss) 2,877 (1,791)
Total shareholders' equity 262,237 198,906
Total liabilities and shareholders' equity $ 2,465,839 $ 2,395,723