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Condensed Consolidated Balance Sheets (USD $)
In Thousands, unless otherwise specified
Dec. 31, 2011
Dec. 31, 2010
ASSETS    
Cash and due from banks $ 40,790 $ 31,967
Federal funds sold 50 31
Interest-bearing deposits 52,078 197,782
Securities available-for-sale at fair value (amortized cost $324,172 in 2011 and $297,086 in 2010) 330,422 298,002
Gross loans 1,450,924 1,600,539
Less: allowance for loan losses 32,848 37,752
Net loans 1,418,076 1,562,787
Loans held-for-sale 19,534 50,419
Accrued interest receivable 6,745 7,947
Premises and equipment, net 42,120 45,970
Foreclosed real estate 24,966 25,582
Federal Home Loan Bank stock, at cost 6,130 9,416
Investment in bank-owned life insurance 25,934 25,278
Goodwill 0 4,944
Core deposit intangible (net of accumulated amortization of $8,789 in 2011 and $7,615 in 2010) 3,733 4,907
Other assets 22,610 35,562
Total Assets 1,993,188 2,300,594
Deposits    
Noninterest-bearing demand deposits 229,895 216,161
Interest-bearing deposits:    
NOW, savings and money market accounts 625,560 589,790
Time certificates:    
$100 or more 360,388 477,030
Other 515,498 737,425
Total Deposits 1,731,341 2,020,406
Short-term borrowings 39,810 44,773
Long-term borrowings 65,729 71,995
Capital lease obligations 2,365 2,402
Accrued interest payable 2,619 3,302
Other liabilities 10,738 10,259
Total Liabilities 1,852,602 2,153,137
Shareholders' Equity    
Preferred stock, no par value, 6,000,000 shares authorized; 49,312 issued and outstanding in 2011 and 2010 47,389 46,771
Common stock, $1 par value, 50,000,000 shares authorized; 19,526,188 issued and outstanding in 2011 and 16,147,640 issued and outstanding in 2010 19,526 16,148
Warrants 3,581 3,581
Surplus 117,883 114,649
Accumulated deficit (51,656) (34,274)
Accumulated other comprehensive income 3,863 582
Total Shareholders' Equity 140,586 147,457
Total Liabilities and Shareholders' Equity $ 1,993,188 $ 2,300,594