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 $ 76,233 $ 61,725
Interest-bearing deposits in other banks 180,839 729,014
Investment securities:    
Available for sale, at fair value 1,492,994 702,517
Held to maturity, at amortized cost (fair value of $976 at December 31, 2011 and $2,913 at December 31, 2010) 931 2,828
Total investment securities 1,493,925 705,345
Loans held for sale 50,290 69,748
Loans and leases 2,064,447 2,169,444
Allowance for loan and lease losses (122,093) (192,854)
Net loans and leases 1,942,354 1,976,590
Premises and equipment, net 51,414 57,390
Accrued interest receivable 11,674 11,279
Investment in unconsolidated subsidiaries 12,697 14,856
Other real estate 61,681 57,507
Other intangible assets 41,986 44,639
Bank-owned life insurance 144,474 142,296
Federal Home Loan Bank stock 48,797 48,797
Income tax receivable 2,395 2,223
Other assets 14,106 16,642
Total assets 4,132,865 3,938,051
Deposits:    
Noninterest-bearing demand 729,149 611,744
Interest-bearing demand 569,371 639,548
Savings and money market 1,136,180 1,089,813
Time 1,008,828 791,842
Total deposits 3,443,528 3,132,947
Short-term borrowings 34 202,480
Long-term debt 158,298 459,803
Other liabilities 64,585 66,766
Total liabilities 3,666,445 3,861,996
Equity:    
Preferred stock, no par value, authorized 1,000,000 shares, issued and outstanding none and 135,000 shares at December 31, 2011 and 2010, respectively 0 130,458
Common stock, no par value, authorized 185,000,000 shares, issued and outstanding 41,749,116 and 1,527,000 shares at December 31, 2011 and 2010, respectively 784,539 404,167
Surplus 66,585 63,308
Accumulated deficit (396,848) (517,316)
Accumulated other comprehensive income (loss) 2,164 (14,565)
Total shareholders' equity 456,440 66,052
Non-controlling interest 9,980 10,003
Total equity 466,420 76,055
Total liabilities and equity $ 4,132,865 $ 3,938,051