Quarterly report pursuant to Section 13 or 15(d)

CONSOLIDATED BALANCE SHEETS (unaudited)

 v2.3.0.11
CONSOLIDATED BALANCE SHEETS (unaudited) (USD $)
In Thousands
Jun. 30, 2011
Dec. 31, 2010
ASSETS    
Cash and due from banks $ 21,889 $ 21,274
Federal funds sold and other short -term investments 244,816 214,853
Cash and cash equivalents 266,705 236,127
Securities available for sale, at fair value 22,735 9,120
Securities held to maturity 0 83
Federal Home Loan Bank stock 11,236 11,932
Loans held for sale, at fair value 467 2,537
Total loans 1,099,176 1,217,196
Allowance for loan losses (37,477) (47,426)
Net loans 1,061,699 1,169,770
Premises and equipment - net 56,155 56,988
Accrued interest receivable 3,588 3,845
Bank-owned life insurance 25,480 25,014
Other real estate owned 65,432 57,984
Other assets 5,135 4,861
Total assets 1,518,632 1,578,261
Deposits    
Noninterest-bearing 295,667 255,897
Interest-bearing 906,889 1,020,723
Total deposits 1,202,556 1,276,620
Other borrowed funds 174,270 185,336
Long-term debt 41,238 41,238
Subordinated debt 1,650 1,650
Accrued expenses and other liabilities 6,765 5,575
Total liabilities 1,426,479 1,510,419
Commitments and contingent liabilities    
Preferred stock, no par value, 500,000 share authorized    
Common stock, no par value, 200,000,000shares authorized; 27,083,823 and 17,679,621shares issued and outstanding at June 30, 2011 and December 31, 2010 187,788 167,321
Retained deficit (128,962) (132,654)
Accumulated other comprehensive income 163 11
Total shareholders' equity 92,153 67,842
Total liabilities and shareholders' equity 1,518,632 1,578,261
Series A Noncumulative Convertible Preferred Stock [Member]
    
Preferred stock, no par value, 500,000 share authorized    
Preferred stock 30,604 30,604
Series B Noncumulative Convertible Preferred Stock [Member]
    
Preferred stock, no par value, 500,000 share authorized    
Preferred stock $ 2,560 $ 2,560