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, 2012
Dec. 31, 2011
ASSETS    
Cash and due from banks $ 25,673 $ 30,971
Federal funds sold and other short -term investments 218,721 212,071
Cash and cash equivalents 244,394 243,042
Securities available for sale, at fair value 96,518 54,746
Securities held to maturity (fair value 2012 and 2011 - $300) 300 300
Federal Home Loan Bank (FHLB) stock 11,236 11,236
Loans held for sale, at fair value 6,630 1,026
Total loans 1,036,965 1,070,975
Allowance for loan losses (27,180) (31,641)
Net loans 1,009,785 1,039,334
Premises and equipment - net 54,534 55,358
Accrued interest receivable 3,525 3,595
Bank-owned life insurance 26,404 25,957
Other real estate owned 62,046 66,438
Other assets 4,963 6,635
Total assets 1,520,335 1,507,667
Deposits    
Noninterest-bearing 330,626 324,253
Interest-bearing 904,891 891,036
Total deposits 1,235,517 1,215,289
Other borrowed funds 127,489 148,603
Long-term debt 41,238 41,238
Subordinated debt 1,650 1,650
Accrued expenses and other liabilities 12,042 6,461
Total liabilities 1,417,936 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 June 30, 2012 and December 31, 2011 187,709 187,709
Retained deficit (119,154) (126,825)
Accumulated other comprehensive income 680 378
Total shareholders' equity 102,399 94,426
Total liabilities and shareholders' equity 1,520,335 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