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Consolidated Balance Sheets (Unaudited) (USD $)
In Thousands
Jun. 30, 2011
Dec. 31, 2010
ASSETS    
Cash and due from banks $ 47,685 $ 25,876
Interest earning deposits in banks 223,517 258,280
Federal funds sold 36,441 72,071
Securities available for sale at estimated fair value (amortized cost of $461,903, in 2011 and $440,792 in 2010) 461,825 443,667
Securities held to maturity at amortized cost (estimated fair value of $15,464 in 2011 and $17,272 in 2010) 14,484 16,267
Federal Home Loan Bank of New York (FHLB) Stock 4,732 7,010
Nonperforming loans held for sale 4,506 7,811
Loans (net of allowance for loan losses of $41,889 in 2011 and $38,949 in 2010) 1,888,761 1,689,187
Accrued interest and other receivables 13,127 16,396
Premises and equipment, net 27,218 28,611
Other real estate owned 2,370 11,028
Deferred income taxes, net 27,161 25,043
Bank owned life insurance 26,770 25,976
Goodwill 23,842 23,842
Other intangible assets 2,043 2,454
Other assets 13,333 15,514
TOTAL ASSETS 2,817,815 2,669,033
Deposits:    
Non interest-bearing 857,732 756,917
Interest-bearing 1,560,659 1,477,495
Total deposits 2,418,391 2,234,412
Securities sold under repurchase agreements and other short-term borrowings 43,673 36,594
Other borrowings 36,484 87,751
Accrued interest and other liabilities 23,581 20,359
TOTAL LIABILITIES 2,522,129 2,379,116
STOCKHOLDERS' EQUITY    
Preferred stock, $0.01 par value; authorized 15,000,000; no shares outstanding in 2011 and 2010, respectively 0 0
Common stock, $0.20 par value; authorized 25,000,000 shares; outstanding 17,689,049 and 17,665,908 shares in 2011 and 2010, respectively 3,798 3,793
Additional paid-in capital 347,245 346,750
Retained earnings (deficit) 2,961 (3,989)
Accumulated other comprehensive income (loss), net (754) 927
Treasury stock, at cost; 1,299,414 shares in both 2011 and 2010 (57,564) (57,564)
Total stockholders' equity 295,686 289,917
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $ 2,817,815 $ 2,669,033