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Consolidated Balance Sheets (USD $)
In Thousands, unless otherwise specified
Dec. 31, 2012
Dec. 31, 2011
ASSETS    
Cash and due from banks $ 45,620 $ 41,136
Interest bearing deposits with other banks 129,367 125,945
Total cash and cash equivalents 174,987 167,081
Securities available for sale (at fair value) 643,050 648,362
Securities held for investment (fair values : $14,542 in 2012 and $20,487 in 2011) 13,818 19,977
Total securities 656,868 668,339
Loans available for sale 36,021 6,795
Loans, including deferred costs of $1,530 in 2012 and $1,632 in 2011 1,226,081 1,208,074
Less: Allowance for loan losses (22,104) (25,565)
Net loans 1,203,977 1,182,509
Bank premises and equipment, net 34,465 34,227
Other real estate owned 11,887 20,946
Other intangible assets 1,501 2,289
Other assets 54,223 55,189
TOTAL ASSETS 2,173,929 2,137,375
LIABILITIES    
Demand deposits (noninterest bearing) 422,833 328,356
NOW 509,371 469,631
Savings deposits 164,956 133,578
Money market accounts 343,915 319,152
Other time deposits 182,495 244,886
Brokered time certificates 8,203 4,558
Time certificates of $100,000 or more 127,188 218,580
Total deposits 1,758,961 1,718,741
Federal funds purchased and securities sold under agreement to repurchase, maturing within 30 days 136,803 136,252
Borrowed funds 50,000 50,000
Subordinated debt 53,610 53,610
Other liabilities 9,009 8,695
Total liabilities 2,008,383 1,967,298
Commitments and Contingencies (Notes K and P)      
SHAREHOLDERS' EQUITY    
Series A preferred stock, par value $0.10 per share - authorized 4,000,000 shares, issued and outstanding 2,000 shares of Series A 48,746 47,497
Warrant for purchase of 589,625 shares of common stock at $6.36 per share 0 3,123
Common stock, par value $0.10 per share authorized 300,000,000 shares, issued 94,875,645 and outstanding 94,837,170 shares in 2012 authorized 300,000,000 shares, issued 94,693,002 and outstanding 94,686,801 shares in 2011 9,484 9,469
Additional paid-in capital 222,851 218,925
Accumulated deficit (118,611) (114,152)
Less: Treasury stock (38,475 shares in 2012 and 6,201 shares in 2011 ), at cost (62) (13)
Total shareholders' equity before accumulated other comprehensive income, net 162,408 164,849
Accumulated other comprehensive income, net 3,138 5,228
TOTAL SHAREHOLDERS' EQUITY 165,546 170,077
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY $ 2,173,929 $ 2,137,375