v2.4.0.8
Condensed Consolidated Balance Sheets (USD $)
In Thousands, unless otherwise specified
Sep. 30, 2014
Dec. 31, 2013
Assets    
Cash and due from banks $ 54,113 $ 19,573
Federal funds sold 36 76
Interest-bearing deposits (including $980 and $990 pledged as collateral) 69,663 190,920
Total cash and cash equivalents 123,812 210,569
Interest-bearing deposits greater than 90 days 5,300 5,300
Securities available for sale 456,584 434,587
Loans held for sale 4,899 1,834
Portfolio loans 2,294,905 2,137,313
Less: Allowance for loan losses 28,800 27,289
Portfolio loans, net 2,266,105 2,110,024
Purchase credit impaired loans, net of the allowance for loan losses ($15,544 and $15,438, respectively) 98,318 125,100
Total loans, net 2,364,423 2,235,124
Other real estate not covered under FDIC loss share 2,261 7,576
Other real estate covered under FDIC loss share 8,826 15,676
Other investments, at cost 15,291 12,605
Fixed assets, net 18,054 18,180
Accrued interest receivable 7,526 7,303
State tax credits, held for sale, including $15,131 and $16,491 carried at fair value, respectively 45,631 48,457
FDIC loss share receivable 22,039 34,319
Goodwill 30,334 30,334
Intangible assets, net 4,453 5,418
Other assets 100,157 102,915
Total assets 3,209,590 3,170,197
Liabilities and Shareholders' Equity    
Demand deposits 695,804 653,686
Interest-bearing transaction accounts 438,205 219,802
Money market accounts 736,840 948,884
Savings 80,521 79,666
Certificates of deposit:    
$100 and over 426,593 475,544
Other 131,801 157,371
Total deposits 2,509,764 2,534,953
Subordinated debentures 56,807 62,581
Federal Home Loan Bank advances 120,000 50,000
Other borrowings 181,122 203,831
Notes payable 6,000 10,500
Accrued interest payable 854 957
Other liabilities 26,289 27,670
Total liabilities 2,900,836 2,890,492
Shareholders' equity:    
Preferred stock, $0.01 par value; 5,000,000 shares authorized; 0 shares issued and outstanding 0 0
Common stock, $0.01 par value; 30,000,000 shares authorized; 19,861,022 and 19,399,709 shares issued, respectively 199 194
Treasury stock, at cost; 76,000 shares (1,743) (1,743)
Additional paid in capital 207,079 200,258
Retained earnings 103,452 85,376
Accumulated other comprehensive loss (233) (4,380)
Total shareholders' equity 308,754 279,705
Total liabilities and shareholders' equity $ 3,209,590 $ 3,170,197