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UNAUDITED CONSOLIDATED BALANCE SHEETS (USD $)
In Thousands, unless otherwise specified
Sep. 30, 2012
Dec. 31, 2011
Cash and cash equivalents    
Cash and due from banks $ 4,648 $ 96,228
Interest earning deposits at Federal Reserve Bank 540,010 652,946
Total cash and cash equivalents 544,658 749,174
Investment securities, available-for-sale, at fair value 634,894 448,204
Investment securities, held-to-maturity (fair value $18,634 and $13,826, respectively) 22,707 18,044
Federal Home Loan and Atlantic Central Bankers Bank stock 4,160 5,088
Commercial loans held for sale 7,970 0
Loans, net of deferred loan costs 1,856,992 1,744,828
Allowance for loan and lease losses (33,071) (29,568)
Loans, net 1,823,921 1,715,260
Premises and equipment, net 9,802 8,358
Accrued interest receivable 10,061 8,476
Intangible assets, net 7,254 8,004
Other real estate owned 3,065 7,405
Deferred tax asset, net 19,708 21,941
Other assets 24,925 20,727
Total assets 3,113,125 3,010,681
Deposits    
Demand and interest checking 2,300,025 2,192,938
Savings and money market 459,725 454,343
Time deposits 12,606 25,528
Time deposits, $100,000 and over 8,819 9,742
Total deposits 2,781,175 2,682,551
Securities sold under agreements to repurchase 18,802 33,177
Accrued interest payable 100 123
Subordinated debenture 13,401 13,401
Other liabilities 10,662 9,950
Total liabilities 2,824,140 2,739,202
SHAREHOLDERS' EQUITY    
Common stock - authorized, 50,000,000 shares of $1.00 par value; 33,208,781 and 33,196,281 shares issued at September 30, 2012 and December 31, 2011, respectively 33,209 33,196
Treasury stock, at cost (100,000 shares) (866) (866)
Additional paid-in capital 243,954 241,997
Retained earnings (accumulated deficit) 2,110 (9,277)
Accumulated other comprehensive income 10,578 6,429
Total shareholders' equity 288,985 271,479
Total liabilities and shareholders' equity $ 3,113,125 $ 3,010,681