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Consolidated Balance Sheets (USD $)
In Thousands
Jun. 30, 2011
Dec. 31, 2010
Assets    
Cash and due from banks $ 48,207 $ 49,927
Interest-bearing deposits with other banks 231,667 237,605
Cash and cash equivalents 279,874 287,532
Federal funds sold 7,595 27,848
Investment securities - available for sale 541,534 469,864
Loans receivable not covered by loss share 1,812,718 1,892,374
Loans receivable covered by FDIC loss share 548,236 575,776
Allowance for loan losses (56,784) (53,348)
Loans receivable, net 2,304,170 2,414,802
Bank premises and equipment, net 90,128 81,939
Foreclosed assets held for sale not covered by loss share 19,855 11,626
Foreclosed assets held for sale covered by FDIC loss share 21,941 21,568
FDIC indemnification asset 211,383 227,258
Cash value of life insurance 52,101 51,970
Accrued interest receivable 12,338 16,176
Deferred tax asset, net 22,265 18,586
Goodwill 59,663 59,663
Core deposit and other intangibles 10,030 11,447
Other assets 61,592 62,367
Total assets 3,694,469 3,762,646
Deposits:    
Demand and non-interest-bearing 462,275 392,622
Savings and interest-bearing transaction accounts 1,122,034 1,108,309
Time deposits 1,315,484 1,460,867
Total deposits 2,899,793 2,961,798
Securities sold under agreements to repurchase 65,632 74,459
FHLB borrowed funds 150,124 177,270
Accrued interest payable and other liabilities 30,140 27,863
Subordinated debentures 44,331 44,331
Total liabilities 3,190,020 3,285,721
Stockholders' equity:    
Preferred stock; $0.01 par value; 5,500,000 shares authorized: Series A fixed rate cumulative perpetual; liquidation preference of $1,000 per share; 50,000 shares issued and outstanding at June 30, 2011 and December 31, 2010 49,547 49,456
Common stock, par value $0.01; shares authorized 50,000,000; shares issued and outstanding 28,496,414 in 2011 and 28,452,411 in 2010 285 285
Capital surplus 433,306 432,962
Retained earnings (deficit) 15,766 (6,079)
Accumulated other comprehensive income 5,545 301
Total stockholders' equity 504,449 476,925
Total liabilities and stockholders' equity $ 3,694,469 $ 3,762,646