XML 52 R2.htm IDEA: XBRL DOCUMENT v2.4.0.6
CONSOLIDATED BALANCE SHEETS (USD $)
In Thousands, unless otherwise specified
Dec. 31, 2012
Dec. 31, 2011
Cash and cash equivalents    
Cash and due from banks $ 19,981 $ 96,228
Interest earning deposits at Federal Reserve Bank 948,111 652,946
Total cash and cash equivalents 968,092 749,174
Investment securities, available-for-sale, at fair value 718,065 448,204
Investment securities, held-to-maturity (fair value $41,008 and $13,826, respectively) 45,179 18,044
Federal Home Loan and Atlantic Central Bankers Bank stock 3,621 5,088
Commercial loans held for sale 11,341 0
Loans, net of deferred loan costs 1,902,854 1,744,828
Allowance for loan and lease losses (33,040) (29,568)
Loans, net 1,869,814 1,715,260
Premises and equipment, net 10,368 8,358
Accrued interest receivable 9,857 8,476
Intangible assets, net 7,004 8,004
Other real estate owned 4,241 7,405
Deferred tax asset, net 22,789 21,941
Other assets 29,288 20,727
Total assets 3,699,659 3,010,681
Deposits    
Demand and interest checking 2,775,207 2,192,938
Savings and money market 517,098 454,343
Time deposits 12,582 25,528
Time deposits, $100,000 and over 8,334 9,742
Total deposits 3,313,221 2,682,551
Securities sold under agreements to repurchase 18,548 33,177
Accrued interest payable 103 123
Subordinated debenture 13,401 13,401
Other liabilities 17,709 9,950
Total liabilities 3,362,982 2,739,202
SHAREHOLDERS' EQUITY    
Common stock - authorized, 50,000,000 shares of $1.00 par value; 37,246,655 and 33,196,281 shares issued at December 31, 2012 and December 31, 2011, respectively 37,247 33,196
Treasury stock, at cost (100,000 shares) (866) (866)
Additional paid-in capital 282,708 241,997
Retained earnings (accumulated deficit) 7,347 (9,277)
Accumulated other comprehensive income 10,241 6,429
Total shareholders' equity 336,677 271,479
Total liabilities and shareholders' equity $ 3,699,659 $ 3,010,681