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EXHIBIT 99.1

To 8-K dated October 26, 2007

NEWS RELEASE

SEACOAST BANKING CORPORATION OF FLORIDA

Dennis S. Hudson, III

Chairman and Chief Executive Officer

Seacoast Banking Corporation of Florida

(772) 288-6086

William R. Hahl

Executive Vice President/

Chief Financial Officer

(772) 221-2825

SEACOAST REPORTS EARNINGS FOR THE THIRD QUARTER

STUART, FL., October 23, 2007 – Seacoast Banking Corporation of Florida (NASDAQ-NMS: SBCF), today reported net income for the third quarter of 2007 totaling $285,000 or $0.01 diluted earnings per share (DEPS), compared to $5,869,000 or $0.31 DEPS for the third quarter a year ago. For the first nine months of 2007, net income totaled $7,862,000 or $0.41 DEPS, compared to $18,169,000 or $0.98 DEPS for 2006. Earnings for the quarter were impacted by higher credit costs primarily related to residential development loans. The provision for loan losses totaled $8.4 million which reduced DEPS by $ 0.27 for the quarter.

“Sales activity for new residential real estate product continued to soften over the summer months in Florida after improving somewhat earlier in the year. We have continued to carefully and formally monitor, on a monthly basis, all credit relationships having exposure to the residential market. This quarter we classified as nonperforming several credit relationships that are either currently experiencing, or in the near term are likely to experience, cash flow difficulties. In those instances, we have performed a collateral evaluation (including the potential effects of existing sales contract cancellations) in response to recent changes in the market value for residential real estate and, as appropriate, have established valuation reserves,” said Dennis S. Hudson, III Chairman and Chief Executive Officer of Seacoast.

Operating results for the quarter, excluding the impact of the provision for loan losses, totaled approximately $5.1 million or cash earnings of approximately $0.27 per share. Noninterest expenses were impacted by the previously announced implementation of expense savings totaling approximately $1.5 million in the quarter, which were offset with higher nonrecurring expenses totaling approximately $1.0 million related to other professional fees, severance and employee recruitment costs. The expense reductions primarily relate to the elimination of executive bonus compensation for the year, lower incentive payouts for senior officers and reduced profit-sharing compensation, all as a result of lower than expected earnings performance. These savings will reduce compensation expense by approximately $500,000 in the fourth quarter, and will remain in effect until the Company produces meaningful earnings improvements. Noninterest expenses are expected to total approximately $19 million in the fourth quarter. The Company has also identified additional savings totaling approximately $3.5 million annually that it intends to implement over the next two quarters involving the consolidation of branch offices, reductions in staff and a reduction in marketing costs and other professional fees.

Included in the results for the first nine months was the impact of the restructuring of the Company’s investment portfolio; therefore, net income, excluding securities restructuring losses, totaled $11.16 million for the nine months of 2007 or $0.58 DEPS.

Net interest income totaled $21.1 million for the quarter, a decline of $321,000 compared with the second quarter of 2007. The decline was primarily due to increased levels of nonperforming assets. The net interest margin declined by 15 basis points to 3.94 percent in the third quarter 2007 compared to the second quarter of 2007, primarily as a result of higher nonperforming assets and increased costs for interest bearing liabilities. Interest bearing deposit costs increased 10 basis points to 3.69 percent in the third quarter 2007, and total interest bearing liabilities increased from 3.79 percent for the second quarter to 3.88 percent in the third quarter. Since the Fed lowered rates 50 basis points on September 18, 2007, many of the Company’s deposit products have repriced; therefore, future cost for interest bearing deposits should improve.

Interest bearing deposits declined $14.4 million over the past year and increased $4.4 million linked quarter for the three months ended September 30, 2007. Noninterest bearing demand deposits declined $15.9 million in the third quarter, consistent with past seasonal growth patterns experienced in many of the Company’s markets, and now comprise 18 percent of total deposits, down from 19 percent last quarter. Past growth in deposits related to seasonal improvements in the fourth and first quarters would suggest improved growth rates compared to the third quarter of 2007.

Total loans outstanding at September 30, 2007 increased 14.3 percent compared to September 30, 2006. With the addition of the new office in Broward County and increased lenders in the Orlando and Brevard County markets, the Company believes it can continue to grow its loan portfolio by approximately 10 percent over the next twelve months as a result of the improved commercial lending capacity. The Broward County market’s outstanding loans and deposits at September 30, 2007 totaled $49 million and $13 million, respectively. In addition, the commercial loan pipelines totaled $61 million for Broward and $94 million for Brevard/Orlando.

Noninterest income, excluding securities gains and losses, increased 8.0 percent when compared to the prior year’s third quarter, reflecting increased revenues primarily from service charges on deposit accounts and marine finance fees. Noninterest income declined by $705,000 or 10.4 percent when compared with the second quarter, due to reduced mortgage production and expected seasonally lower brokerage and marine fees.

Noninterest expenses totaled $19 million, up $140,000 from the prior year's third quarter. The Company previously announced that it would eliminate executive bonuses and lower incentive payouts and reduce profit-sharing as a result of lower earnings performance so far in 2007. These cost reductions totaled approximately $1.5 million for the quarter and are expected to save the Company about $500,000 in the fourth quarter.

Seacoast will host a conference call on Wednesday, October 24 at 10:00 a.m. (Eastern Time) to discuss the earnings results and business trends. Investors may call in (toll-free) by dialing (800) 640-9765 (access code: 19349003; leader: Dennis S. Hudson). Charts will be used during the conference call and may be accessed at Seacoast’s website at www.seacoastbanking.net by selecting Presentations under the heading Investor Services. A replay of the call will be available beginning the afternoon of October 24 by dialing (877) 213-9653 (domestic), using the passcode 19349003.

Seacoast Banking Corporation of Florida has approximately $2.3 billion in assets. It is one of the largest independent commercial banking organizations in Florida, headquartered on Florida’s Treasure Coast, one of the wealthiest and fastest growing areas in the nation.

- continued -

Cautionary Notice Regarding Forward-Looking Statements

This press release contains “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, including, without limitation, statements about future financial and operating results, cost savings, enhanced revenues, economic and seasonal conditions in our markets, and improvements to reported earnings that may be realized from cost controls and for integration of banks that we have acquired, as well as statements with respect to Seacoast’s objectives, expectations and intentions and other statements that are not historical facts. Actual results may differ from those set forth in the forward-looking statements.

Forward-looking statements include statements with respect to our beliefs, plans, objectives, goals, expectations, anticipations, estimates and intentions, and involve known and unknown risks, uncertainties and other factors, which may be beyond our control, and which may cause the actual results, performance or achievements of Seacoast to be materially different from future results, performance or achievements expressed or implied by such forward-looking statements. You should not expect us to update any forward-looking statements.

You can identify these forward-looking statements through our use of words such as “may,” “will,” “anticipate,” “assume,” “should,” “support”, “indicate,” “would,” “believe,” “contemplate,” “expect,” “estimate,” “continue,” “further”, “point to,” “project,” “could,” “intend” or other similar words and expressions of the future. These forward-looking statements may not be realized due to a variety of factors, including, without limitation: the effects of future economic and market conditions, including seasonality; governmental monetary and fiscal policies, as well as legislative and regulatory changes; the risks of changes in interest rates on the level and composition of deposits, loan demand, and the values of loan collateral, securities, and interest sensitive assets and liabilities; interest rate risks, sensitivities and the shape of the yield curve; the effects of competition from other commercial banks, thrifts, mortgage banking firms, consumer finance companies, credit unions, securities brokerage firms, insurance companies, money market and other mutual funds and other financial institutions operating in our market areas and elsewhere, including institutions operating regionally, nationally and internationally, together with such competitors offering banking products and services by mail, telephone, computer and the Internet; and the failure of assumptions underlying the establishment of reserves for possible loan losses. The risks of mergers and acquisitions, include, without limitation: unexpected transaction costs, including the costs of integrating operations; the risks that the businesses will not be integrated successfully or that such integration may be more difficult, time-consuming or costly than expected; the potential failure to fully or timely realize expected revenues and revenue synergies, including as the result of revenues following the merger being lower than expected; the risk of deposit and customer attrition; any changes in deposit mix; unexpected operating and other costs, which may differ or change from expectations; the risks of customer and employee loss and business disruption, including, without limitation, as the result of difficulties in maintaining relationships with employees; increased competitive pressures and solicitations of customers by competitors; as well as the difficulties and risks inherent with entering new markets.

All written or oral forward-looking statements attributable to us are expressly qualified in their entirety by this cautionary notice, including, without limitation, those risks and uncertainties described in our annual report on Form 10-K for the year ended December 31, 2006 under “Special Cautionary Notice Regarding Forward-Looking Statements,” and otherwise in our SEC reports and filings. Such reports are available upon request from Seacoast, or from the Securities and Exchange Commission, including through the SEC’s Internet website at http://www.sec.gov.

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FINANCIAL HIGHLIGHTS				(Unaudited)
SEACOAST BANKING CORPORATION OF FLORIDA AND SUBSIDIARIES

		Three Months Ended					Nine Months Ended
(Dollars in thousands,		September 30,						September 30,
except per share data)		2007			2006				2007		2006

Summary of Earnings
Net income	$	285	$		5,869			$	7,862	$	18,169
Net income, excluding securities restructuring losses (5)		285			5,869				11,159		18,169
Net interest income (1)	$	21,147	$		23,144			$	64,047	$	67,448

Performance Ratios
Return on average assets-GAAP earnings (2), (3)		0.05	%		0.99	%			0.45	%	1.06	%
Return on average tangible assets (2),(3), (4),(5)		0.09			1.05				0.70		1.11

Return on average shareholders' equity–GAAP earnings (2), (3)		0.51			11.03				4.79		12.61
Return on average tangible shareholders’ equity (2),(3),(4),(5)		1.18			15.64				9.71		17.45

Net interest margin (1), (2)		3.94			4.22				3.99		4.22

Per Share Data
Net income diluted-GAAP earnings	$	0.01	$		0.31			$	0.41	$	0.98
Net income basic-GAAP earnings		0.02			0.31				0.41		1.00

Net income diluted-excluding securities restructuring losses (5)		0.01			0.31				0.58		0.98
Net income basic-excluding securities restructuring losses (5)		0.02			0.31				0.59		1.00

Cash dividends declared		0.16			0.15				0.48		0.45

(1) Calculated on a fully taxable equivalent basis using amortized cost.

(2) These ratios are stated on an annualized basis and are not necessarily indicative of future periods.

(3) The calculations of ROA and ROE do not include the mark-to-market unrealized gains (losses) because the unrealized gains (losses) are not included in net income.

(4)

The Company believes that return on average assets and equity excluding the impacts of noncash amortization expense on intangible assets is a better measurement of the Company’s trend in earnings growth.

(5)

Excluding securities restructuring losses of $5,118 (or $3,297 net of taxes) recorded in the first quarter 2007.

FINANCIAL HIGHLIGHTS	(Unaudited)
SEACOAST BANKING CORPORATION OF FLORIDA AND SUBSIDIARIES

			September 30,					Increase/
			2007		2006			(Decrease)
Credit Analysis
Net charge-offs (recoveries) year-to-date		$	1,307	$		(133)		n/m
Net charge-offs (recoveries) to average loans			0.10	%		(0.01)	%	n/m
Loan loss provision year-to-date		$	8,932	$		1,035		763.0	%
Allowance to loans at end of period			1.19	%		0.77	%	54.5
Nonperforming assets		$	45,894	$		10,437		339.7
Nonperforming assets to loans and other real estate owned at end of period			2.42	%		0.63	%	284.1

Selected Financial Data
Total assets		$	2,316,779	$		2,351,297		(1.5	)
Securities – Trading (at fair value)			17,955			0		n/m
Securities – Available for sale (at fair value)			205,174			345,971		(40.7	)
Securities – Held for investment (at amortized cost)			32,588			137,197		(76.2	)
Net loans			1,870,574			1,643,368		13.8
Deposits			1,855,726			1,957,893		(5.2	)
Shareholders’ equity			213,880			208,560		2.6
Book value per share			11.20			10.99		1.9
Tangible book value per share			8.22			8.02		2.6
Average shareholders' equity to average assets			9.48	%		8.39	%	13.0

Average Balances (Year-to-Date)
Total assets		$	2,311,782	$		2,295,345		0.7
Less: Intangible assets			57,138			49,686		15.0
Total average tangible assets		$	2,254,644	$		2,245,659		0.4

Total equity		$	219,252	$		192,647		13.8
Less: Intangible assets			57,138			49,686		15.0
Total average tangible equity		$	162,114	$		142,961		13.4

(1) Calculated on a fully taxable equivalent basis using amortized cost.

(2) These ratios are stated on an annualized basis and are not necessarily indicative of future periods.

(3) The calculations of ROA and ROE do not include the mark-to-market unrealized gains (losses) because the unrealized gains (losses) are not included in net income.

(4)

(5)

Excluding securities restructuring losses of $5,118 (or $3,297 net of taxes) recorded in the first quarter 2007.

n/m = not meaningful

CONDENSED CONSOLIDATED STATEMENTS OF INCOME (Unaudited)

SEACOAST BANKING CORPORATION OF FLORIDA AND SUBSIDIARIES

				Three Months Ended				Nine Months Ended
				September 30,				September 30,
(Dollars in thousands, except per share data)				2007		2006		2007		2006

Interest on securities:
Taxable	$			3,069	$	5,366	$	11,374	$	16,883
Nontaxable				88		97		274		206
Interest and fees on loans				34,316		30,730		99,796		82,717
Interest on federal funds sold and other investments				298		521		1,211		2,874
Total Interest Income				37,771		36,714		112,655		102,680

Interest on deposits				6,261		5,366		17,760		13,542
Interest on time certificates				7,806		5,888		22,085		15,186
Interest on borrowed money				2,645		2,412		8,979		6,693
Total Interest Expense				16,712		13,666		48,824		35,421

Net Interest Income				21,059		23,048		63,831		67,259
Provision for loan losses				8,375		475		8,932		1,035
Net Interest Income After Provision for Loan Losses			12,684			22,573		54,899		66,224

Noninterest income:
Service charges on deposit accounts				1,983		1,866		5,644		4,909
Trust income				658		691		1,948		2,204
Mortgage banking fees				260		254		1,131		794
Brokerage commissions and fees				620		586		2,363		2,404
Marine finance fees				687		478		2,269		2,139
Debit card income				578		563		1,743		1,584
Other deposit based EFT fees				101		108		348		307
Merchant income				688		623		2,165		1,921
Other				444		402		1,340		1,132
				6,019		5,571		18,951		17,394
Securities restructuring losses				--		--		(5,118	)	--
Securities gains (losses), net				22		2		46		(84)
Total Noninterest Income				6,041		5,573		13,879		17,310

Noninterest expenses:
Salaries and wages				7,479		7,805		23,828		22,667
Employee benefits				1,700		2,054		5,419		5,623
Outsourced data processing costs				1,796		1,746		5,697		5,675
Occupancy				1,928		1,947		5,721		5,542
Furniture and equipment				758		707		2,109		1,834
Marketing				875		952		2,368		2,795
Legal and professional fees				1,327		693		3,002		1,929
FDIC assessments				55		66		169		204
Amortization of intangibles				315		315		944		755
Other				2,794		2,602		8,374		7,848
Total Noninterest Expenses				19,027		18,887		57,631		54,872

Income Before Income Taxes				(302	)	9,259		11,147		28,662
Provision for income taxes				(587	)	3,390		3,285		10,493

Net Income		$		285	$	5,869	$	7,862	$	18,169

Per share common stock:
Net income diluted		$		0.01	$	0.31	$	0.41	$	0.98
Net income basic				0.02		0.31		0.41		1.00
Cash dividends declared				0.16		0.15		0.48		0.45

Average diluted shares outstanding				19,165,880		19,141,484		19,180,773		18,517,508
Average basic shares outstanding				18,924,665		18,767,257		18,946,759		18,142,813

CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited)

SEACOAST BANKING CORPORATION OF FLORIDA AND SUBSIDIARIES


		September 30,		December 31,			September 30,
(Dollars in thousands)		2007		2006			2006

Assets
Cash and due from banks	$	44,680	$		89,803	$	80,249
Federal funds sold and other investments		6,605			2,412		14,096
Total Cash and Cash Equivalents		51,285			92,215		94,345
Securities:
Trading (at fair value)		17,955			--		--
Available for sale (at fair value)		205,174			313,983		345,971
Held for investment (at amortized cost)		32,588			129,958		137,197
Total Securities		255,717			443,941		483,168

Loans available for sale		1,833			5,888		3,516

Loans, net of unearned income		1,893,114			1,733,111		1,656,061
Less: Allowance for loan losses		(22,540	)		(14,915)		(12,693	)
Net Loans		1,870,574			1,718,196		1,643,368

Bank premises and equipment, net		39,180			37,070		36,400
Other real estate owned		240			--		--
Goodwill and other intangible assets		56,767			57,299		56,394
Other assets		41,183			34,826		34,106
	$	2,316,779	$		2,389,435	$	2,351,297
Liabilities and Shareholders’ Equity
Liabilities
Deposits
Demand deposits (noninterest bearing)	$	336,816	$		391,805	$	424,624
Savings deposits		886,806			929,444		944,190
Other time deposits		340,440			325,251		334,713
Time certificates of $100,000 or more		291,664			244,518		254,366
Total Deposits		1,855,726			1,891,018		1,957,893

Federal funds purchased and securities sold under agreements to repurchase, maturing within 30 days	141,884				206,476		104,179
Borrowed funds		39,749			26,522		26,516
Subordinated debt		53,610			41,238		41,238
Other liabilities		11,930			11,756		12,911
		2,102,899			2,177,010		2,142,737

Shareholders' Equity
Preferred stock		--			--		--
Common stock		1,914			1,899		1,899
Additional paid in capital		90,752			88,380		87,311
Retained earnings		123,538			124,811		122,145
Treasury stock		(1,430	)		(310)		(90	)
		214,774			214,780		211,265
Accumulated other comprehensive loss, net		(894	)		(2,355)		(2,705	)
Total Shareholders’ Equity	$	213,880			212,425		208,560
	$	2,316,779	$		2,389,435	$	2,351,297

Common Shares Outstanding		19,104,027			18,974,295		18,980,329

Note: The balance sheet at December 31, 2006 has been derived from the audited financial statements at that date.

CONSOLIDATED QUARTERLY FINANCIAL DATA (Unaudited)
SEACOAST BANKING CORPORATION OF FLORIDA AND SUBSIDIARIES
					Quarters
					2007								2006				Last 12
(Dollars in thousands, except per share data)					Third			Second			First		Fourth				Months

Net income		$			285	$		4,808	$		2,769	$		5,685	$		13,547
Net income, excluding securities restructuring losses (5)					285			4,808			6,066			5,685			16,844

Operating Ratios
Return on average assets-GAAP earnings (2),(3)					0.05	%		0.85	%		0.47	%		0.95	%		0.58	%
Return on average tangible assets (2), (3), (4), (5)					0.09			0.91			1.09			1.01			0.78

Return on average shareholders' equity GAAP earnings (2),(3)				0.51				8.81			5.16			10.57			6.22
Return on average tangible shareholders’ equity (2), (3), (4), (5)				1.18				12.43			15.83			14.87			10.98

Net interest margin (1),(2)					3.94			4.09			3.92			3.95			3.98
Average equity to average assets					9.69			9.62			9.15			8.99			9.36

Credit Analysis
Net charge-offs		$			1,039		$	143		$	125			27		$	1,334
Net charge-offs to average loans				0.22		%		0.03	%		0.03	%		0.01	%		0.08	%
Loan loss provision		$			8,375	$		1,107	$		(550)	$		2,250	$		11,182
Allowance to loans at end of period					1.19	%		0.84	%		0.82	%		0.86	%
Nonperforming assets		$			45,894	$		15,495	$		4,088	$		12,465
Nonperforming assets to loans and other real estate owned at end of period				2.42		%		0.85	%		0.23	%		0.72	%
Nonaccrual loans and accruing loans 90 days or more past due to loans outstanding at end of period				2.44				0.89			0.27			0.72

Per Share Common Stock
Net income diluted-GAAP earnings			$		0.01	$		0.25	$		0.14	$		0.30	$		0.70
Net income basic-GAAP earnings					0.02			0.25			0.15			0.30			0.72

Net income diluted-excluding securities restructuring losses (5)					0.01			0.25			0.32			0.30			0.88
Net income basic-excluding securities restructuring losses (5)					0.02			0.25			0.32			0.30			0.89

Cash dividends declared					0.16			0.16			0.16			0.16			0.64
Book value per share					11.20			11.32			11.34			11.20

Average Balances
Total assets	$				2,279,036	$		2,277,678	$		2,379,739	$		2,372,784
Less: Intangible assets					56,884			57,322			57,213			56,230
Total average tangible assets	$				2,222,152	$		2,220,356	$		2,322,526	$		2,316,554

Total Equity	$				220,868	$		219,020	$		217,834	$		213,354
Less: Intangible assets					56,884			57,322			57,213			56,230
Total average tangible equity	$				163,984	$		161,698	$		160,621	$		157,124

(1)

Calculated on a fully taxable equivalent basis using amortized cost.

(2)

These ratios are stated on an annualized basis and are not necessarily indicative of future periods.

(3)

The calculations of ROA and ROE do not include the mark-to-market unrealized gains (losses) because the unrealized gains (losses) on available for sale securities are not included in net income.

(4)

(5)

Excludes securities restructuring losses of $5,118 (or $3,297, net of taxes) recorded in the first quarter 2007.

CONSOLIDATED QUARTERLY FINANCIAL DATA (Unaudited) (continued)

SEACOAST BANKING CORPORATION OF FLORIDA AND SUBSIDIARIES

(Dollars in thousands)

SECURITIES	September 30, 2007				December 31, 2006		September 30, 2006

U.S. Treasury and U.S. Government Agencies	$	17,995	$		--	$	--
Securities Trading		17,955			--		--

U.S. Treasury and U.S. Government Agencies		35,349			94,676		103,219
Mortgage-backed		164,452			214,661		238,389
Obligations of states and political subdivisions		2,117			2,049		2,066
Other securities		3,256			2,597		2,297
Securities Available for Sale		205,174			313,983		345,971

Mortgage-backed		26,441			123,587		130,567
Obligations of states and political subdivisions		6,147			6,371		6,630
Securities Held for Investment		32,588			129,958		137,197
Total Securities	$	255,717	$		443,941	$	483,168



LOANS	September 30, 2007			December 31, 2006			September 30, 2006

Construction and land development	$	627,003	$		571,133	$	542,601
Real estate mortgage		1,051,750			949,824		911,630
Installment loans to individuals		78,641			83,428		83,235
Commercial and financial		135,111			128,101		117,738
Other loans		609			625		857
Total Loans	$	1,893,114	$		1,733,111	$	1,656,061

AVERAGE BALANCES, YIELDS AND RATES (1) (Unaudited)
SEACOAST BANKING CORPORATION OF FLORIDA AND SUBSIDIARIES

		2007								2006
		Third Quarter		Second Quarter						Third Quarter
		Average	Yield/			Average	Yield/			Average		Yield/
(Dollars in thousands)		Balance	Rate			Balance	Rate			Balance	Rate
Assets
Earning assets:
Securities:
Taxable	$	233,809	5.25	%	$	267,308	5.34	%	$	493,810	4.35		%
Nontaxable		8,216	6.33			8,323	6.58			8,654	6.61
Total Securities		242,025	5.29			275,631	5.37			502,464	4.39

Federal funds sold and other
investments		21,364	5.53			48,140	5.52			38,832	5.32

Loans, net		1,866,954	7.30			1,783,156	7.41			1,634,263	7.47

Total Earning Assets		2,130,343	7.05			2,106,927	7.10			2,175,559	6.71

Allowance for loan losses		(15,361)				(14,358)				(12,363)
Cash and due from banks		47,633				70,274				74,680
Premises and equipment		39,190				38,445				37,162
Other assets		77,231				76,390				75,824

	$	2,279,036		$		2,277,678		$		2,350,862

Liabilities and Shareholders' Equity
Interest-bearing liabilities:
NOW	$	53,842	2.78	%	$	170,588	2.61	%	$	208,948	1.72		%
Savings deposits		112,323	0.71			121,159	0.71			149,323	0.69
Money market accounts		715,885	3.15			591,403	3.13			603,133	2.76
Time deposits		629,479	4.92			617,905	4.88			552,589	4.23
Federal funds purchased and other short term borrowings		127,163	4.41			110,123	4.40			107,401	4.42
Other borrowings		69,860	7.00			67,816	7.04			67,572	7.14

Total Interest-Bearing Liabilities		1,708,552	3.88			1,678,994	3.79			1,688,966	3.21

Demand deposits (noninterest-bearing)		340,462				370,953				439,379
Other liabilities		9,154				8,711				11,493
Total Liabilities		2,058,168				2,058,658				2,139,838

Shareholders' equity		220,868				219,020				211,024

	$	2,279,036		$		2,277,678		$		2,350,862

Interest expense as a % of earning assets			3.11	%			3.02	%			2.49		%
Net interest income as a % of earning assets			3.94				4.09				4.22

(1)

On a fully taxable equivalent basis. All yields and rates have been computed on an annualized basis using amortized cost. Fees on loans have been included in interest on loans. Nonaccrual loans are included in loan balances.