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Consolidated Balance Sheets - Unaudited (USD $)
In Thousands, unless otherwise specified
Jun. 30, 2012
Dec. 31, 2011
ASSETS    
Cash and due from banks $ 2,956 $ 7,765
Interest earning deposits 119,096 65,805
Cash and cash equivalents 122,052 73,570
Investment securities available for sale, at fair value 134,757 79,137
Investment securities held to maturity (fair value 2011 $330,809) 0 319,547
Loans held for sale 283,535 174,999
Loans receivable not covered under Loss Sharing Agreements with the FDIC 1,537,577 1,216,265
Loans receivable covered under Loss Sharing Agreements with the FDIC 113,293 126,276
Total loans receivable, net 1,634,752 1,327,509
Less: Allowance for loan and lease losses (16,118) (15,032)
FDIC loss sharing receivable 12,376 13,077
Bank premises and equipment, net 9,319 8,448
Bank-owned life insurance 39,901 29,268
Other real estate owned (2012 $8,612; 2011 $6,166 covered under Loss Sharing Agreements with the FDIC) 12,931 13,482
Goodwill and other intangibles 2,275 1,674
Restricted stock 20,125 21,818
Accrued interest receivable and other assets 11,009 15,003
Total assets 2,283,032 2,077,532
Deposits:    
Demand, non-interest bearing 155,009 114,044
Interest bearing 1,774,854 1,469,145
Total deposits 1,929,863 1,583,189
Federal funds purchased 5,000 5,000
Other borrowings 178,000 331,000
Subordinated debt 2,000 2,000
Accrued interest payable and other liabilities 9,453 8,595
Total liabilities 2,124,316 1,929,784
Shareholders' equity:    
Preferred stock, par value $1,000 per share; 100,000,000 shares authorized; none issued 0 0
Common stock, par value $1.00 per share; 200,000,000 shares authorized; 11,395,302 shares issued and 11,347,683 outstanding at June 30, 2012 and December 31, 2011 11,395 11,395
Additional paid in capital 123,868 122,602
Retained earnings 24,112 14,496
Accumulated other comprehensive loss (159) (245)
Less: cost of treasury stock; 47,619 shares at June 30, 2012 and December 31, 2011 (500) (500)
Total shareholders' equity 158,716 147,748
Total liabilities and shareholders' equity $ 2,283,032 $ 2,077,532