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CONSOLIDATED BALANCE SHEETS (USD $)
In Thousands
Jun. 30, 2011
Dec. 31, 2010
Assets    
Cash and due from banks $ 20,334 $ 7,692
Interest-bearing deposits in other financial institutions 67,928 64,485
Total cash and cash equivalents 88,262 72,177
Securities available-for-sale, at fair value 302,968 232,165
Loans held-for-sale - SBA, at lower of cost or market, including deferred costs 3,657 8,750
Loans held-for-sale - other, at lower of cost or market, including deferred costs 435 2,260
Loans, including deferred costs 782,080 846,049
Allowance for loan losses (23,167) (25,204)
Loans, net 758,913 820,845
Federal Home Loan Bank and Federal Reserve Bank stock, at cost 9,917 9,174
Company owned life insurance 44,776 43,682
Premises and equipment, net 8,086 8,397
Intangible assets 2,753 3,014
Accrued interest receivable and other assets 42,302 45,905
Total assets 1,262,069 1,246,369
Deposits:    
Demand, noninterest-bearing 333,199 280,258
Demand, interest-bearing 128,464 153,917
Savings and money market 276,538 272,399
Time deposits-under $100 30,676 33,499
Time deposits-$100 and over 114,208 137,514
Time deposits-CDARS 20,839 17,864
Time deposits-brokered 94,631 98,467
Total deposits 998,555 993,918
Securities sold under agreement to repurchase   5,000
Subordinated debt 23,702 23,702
Short-term borrowings   2,445
Securities purchased pending settlement 19,755 2,902
Accrued interest payable and other liabilities 32,578 36,250
Total liabilities 1,074,590 1,064,217
Shareholders' equity:    
Common stock, no par value; 60,000,000 shares authorized; 26,295,001 shares issued and outstanding at June 30, 2011 and 26,233,001 shares issued and outstanding at December 31, 2010 130,836 130,531
Retained earnings / (Accumulated deficit) 601 (1,866)
Accumulated other comprehensive loss (2,290) (4,651)
Total shareholders' equity 187,479 182,152
Total liabilities and shareholders' equity 1,262,069 1,246,369
Series A Preferred Stock
   
Shareholders' equity:    
Preferred stock, no par value 39,846 39,846
Discount on Series A preferred stock (1,033) (1,227)
Series C Preferred Stock
   
Shareholders' equity:    
Preferred stock, no par value $ 19,519 $ 19,519