Quarterly report pursuant to Section 13 or 15(d)

CONSOLIDATED BALANCE SHEETS (unaudited)

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CONSOLIDATED BALANCE SHEETS (unaudited) (USD $)
In Thousands, unless otherwise specified
Jun. 30, 2013
Dec. 31, 2012
ASSETS    
Cash and due from banks $ 27,605 $ 33,556
Federal funds sold and other short -term investments 129,849 192,802
Cash and cash equivalents 157,454 226,358
Interest-bearing time deposits in other financial institutions 25,000 0
Securities available for sale, at fair value 129,659 123,497
Securities held to maturity (fair value 2013 - $5,494 and 2012 - $4,301) 5,380 4,300
Federal Home Loan Bank (FHLB) stock 11,236 11,236
Loans held for sale, at fair value 4,553 8,130
Total loans 1,012,887 1,052,348
Allowance for loan losses (22,248) (23,739)
Net loans 990,639 1,028,609
Premises and equipment - net 53,302 53,576
Accrued interest receivable 3,405 3,411
Bank-owned life insurance 27,162 26,804
Other real estate owned 45,845 51,582
Net deferred tax asset 17,788 18,780
Other assets 5,405 4,435
Total assets 1,476,828 1,560,718
Deposits    
Noninterest-bearing 318,981 339,520
Interest-bearing 880,597 946,741
Total deposits 1,199,578 1,286,261
Other borrowed funds 90,658 91,822
Long-term debt 41,238 41,238
Subordinated debt 1,650 1,650
Accrued expenses and other liabilities 10,452 9,240
Total liabilities 1,343,576 1,430,211
Commitments and contingent liabilities      
Preferred stock, no par value, 500,000 shares authorized;    
Common stock, no par value, 200,000,000 shares authorized; 27,261,325 shares issued and outstanding at June 30, 2013 and 27,203,825 shares issued and outstanding at December 31, 2012 188,080 187,718
Retained deficit (86,258) (91,335)
Accumulated other comprehensive income (loss) (1,434) 960
Total shareholders' equity 133,252 130,507
Total liabilities and shareholders' equity 1,476,828 1,560,718
Series A Noncumulative Convertible Perpetual Preferred Stock [Member]
    
Preferred stock, no par value, 500,000 shares authorized;    
Preferred stock 30,604 30,604
Series B Noncumulative Convertible Perpetual Preferred Stock [Member]
    
Preferred stock, no par value, 500,000 shares authorized;    
Preferred stock $ 2,260 $ 2,560