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
Sep. 30, 2012
Dec. 31, 2011
ASSETS    
Cash and due from banks $ 22,398 $ 30,971
Federal funds sold and other short -term investments 211,853 212,071
Cash and cash equivalents 234,251 243,042
Securities available for sale, at fair value 116,128 54,746
Securities held to maturity (fair value 2012 - $4,300 and 2011 - $300) 4,300 300
Federal Home Loan Bank (FHLB) stock 11,236 11,236
Loans held for sale, at fair value 11,063 1,026
Total loans 1,019,185 1,070,975
Allowance for loan losses (26,271) (31,641)
Net loans 992,914 1,039,334
Premises and equipment - net 54,057 55,358
Accrued interest receivable 3,719 3,595
Bank-owned life insurance 26,614 25,957
Other real estate owned 57,778 66,438
Other assets 5,057 6,635
Total assets 1,517,117 1,507,667
Deposits    
Noninterest-bearing 348,120 324,253
Interest-bearing 896,628 891,036
Total deposits 1,244,748 1,215,289
Other borrowed funds 91,822 148,603
Long-term debt 41,238 41,238
Subordinated debt 1,650 1,650
Accrued expenses and other liabilities 28,228 6,461
Total liabilities 1,407,686 1,413,241
Commitments and contingent liabilities      
Preferred stock, no par value, 500,000 shares authorized;    
Common stock, no par value, 200,000,000 shares authorized; 27,082,825 and 27,082,823 shares issued and outstanding at September 30, 2012 and December 31, 2011 187,709 187,709
Retained deficit (112,569) (126,825)
Accumulated other comprehensive income 1,127 378
Total shareholders' equity 109,431 94,426
Total liabilities and shareholders' equity 1,517,117 1,507,667
Series A Noncumulative Convertible Preferred Stock [Member]
    
Preferred stock, no par value, 500,000 shares authorized;    
Preferred stock 30,604 30,604
Series B Noncumulative Convertible Preferred Stock [Member]
    
Preferred stock, no par value, 500,000 shares authorized;    
Preferred stock $ 2,560 $ 2,560