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CONSOLIDATED BALANCE SHEETS (USD $)
In Thousands, unless otherwise specified
Dec. 31, 2011
Dec. 31, 2010
ASSETS    
Cash and due from banks $ 40,989 $ 56,188
Interest bearing deposits 2,249 22,885
Total cash and cash equivalents 43,238 79,073
Investment securities:    
Available for sale, at estimated fair value 282,956 299,344
Held to maturity, at amortized cost 1,496 1,495
Mortgage-backed and related securities:    
Available for sale, at estimated fair value 716,126 886,574
Securities carried at fair value through income 647,759 72,176
Held to maturity, at amortized cost 365,631 405,367
FHLB stock, at cost 33,869 34,712
Other investments, at cost 2,064 2,064
Loans held for sale 3,552 6,583
Loans:    
Loans 1,087,230 1,077,920
Less: allowance for loan losses (18,540) (20,711)
Net loans 1,068,690 1,057,209
Premises and equipment, net 50,595 50,144
Goodwill 22,034 22,034
Other intangible assets, net 522 777
Interest receivable 19,426 18,033
Deferred tax asset 0 6,603
Other assets 45,859 57,571
TOTAL ASSETS 3,303,817 2,999,759
Deposits:    
Noninterest bearing 505,594 423,304
Interest bearing 1,816,077 1,711,124
Total deposits 2,321,671 2,134,428
Short-term obligations:    
Federal funds purchased and repurchase agreements 2,945 3,844
FHLB advances 361,811 189,094
Other obligations 219 2,651
Total short-term obligations 364,975 195,589
Long-term obligations:    
FHLB advances 260,724 373,479
Long-term debt 60,311 60,311
Total long-term obligations 321,035 433,790
Deferred tax liability 3,458 0
Other liabilities 33,751 20,378
TOTAL LIABILITIES 3,044,890 2,784,185
Off-Balance-Sheet Arrangements, Commitments and Contingencies (Note 18)      
Shareholders' equity:    
Common stock: ($1.25 par, 40,000,000 shares authorized, 18,517,101 shares issued in 2011 and 17,660,312 shares issued in 2010) 23,146 22,075
Paid-in capital 176,791 162,877
Retained earnings 72,646 64,179
Treasury stock (2,023,838 shares at cost) (28,377) (28,377)
Accumulated other comprehensive income (loss) 14,721 (6,293)
TOTAL SHAREHOLDERS' EQUITY 258,927 214,461
Noncontrolling interest 0 1,113
TOTAL EQUITY 258,927 215,574
TOTAL LIABILITIES AND EQUITY $ 3,303,817 $ 2,999,759