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
Mar. 31, 2014
Dec. 31, 2013
ASSETS    
Cash and due from banks $ 34,615 $ 38,714
Federal funds sold and other short -term investments 92,668 118,178
Cash and cash equivalents 127,283 156,892
Interest-bearing time deposits in other financial institutions 32,500 25,000
Securities available for sale, at fair value 153,327 139,659
Securities held to maturity (fair value 2014 - $19,143 and 2013 - $19,278) 19,175 19,248
Federal Home Loan Bank (FHLB) stock 11,236 11,236
Loans held for sale, at fair value 194 1,915
Total loans 1,030,111 1,042,377
Allowance for loan losses (20,383) (20,798)
Net loans 1,009,728 1,021,579
Premises and equipment - net 53,619 53,641
Accrued interest receivable 3,511 3,231
Bank-owned life insurance 27,671 27,517
Other real estate owned 34,035 36,796
Net deferred tax asset 14,626 16,200
Other assets 3,994 4,491
Total assets 1,490,899 1,517,405
Deposits    
Noninterest-bearing 342,357 344,550
Interest-bearing 874,421 905,184
Total deposits 1,216,778 1,249,734
Other borrowed funds 88,774 89,991
Long-term debt 41,238 41,238
Accrued expenses and other liabilities 8,921 3,920
Total liabilities 1,355,711 1,384,883
Commitments and contingent liabilities      
Shareholders' equity    
Common stock, no par value, 200,000,000 shares authorized; 33,788,431 shares issued and outstanding at March 31, 2014 and 33,801,097 shares issued and outstanding at December 31, 2013 216,230 216,263
Retained deficit (79,824) (81,786)
Accumulated other comprehensive income (loss) (1,218) (1,955)
Total shareholders' equity 135,188 132,522
Total liabilities and shareholders' equity $ 1,490,899 $ 1,517,405