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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 $ 98,144 $ 58,301
Interest earning deposits with banks 117,330 179,203
Securities    
Trading securities    8,240
Securities available for sale 329,286 305,332
Securities held to maturity (fair value $185,824 and $211,494) 178,318 204,956
Total securities 507,604 518,528
Loans held for sale (at fair value) 48,187 20,500
Loans    
Commercial and industrial 687,511 575,716
Commercial real estate 2,122,153 1,847,654
Commercial construction 188,768 128,904
Small business 78,594 78,509
Residential real estate 604,668 416,570
Residential construction 8,213 9,631
Home equity - 1st position 487,246 381,784
Home equity - 2nd position 314,903 314,279
Consumer - other 26,955 41,343
Total loans 4,519,011 [1] 3,794,390 [1]
Less: allowance for loan losses (51,834) (48,260)
Net loans 4,467,177 3,746,130
Federal home loan bank stock 41,767 35,854
Bank premises and equipment, net 55,227 48,252
Goodwill 150,391 [2] 130,074 [2]
Identifiable intangible assets 11,753 10,648
Cash surrender value of life insurance policies 97,261 86,137
Other real estate owned & other foreclosed assets 12,150 6,924
Other assets 149,994 129,689
Total assets 5,756,985 4,970,240
Deposits    
Demand deposits 1,248,394 992,418
Savings and interest checking accounts 1,691,187 1,473,812
Money market 853,971 780,437
Time certificates of deposit over $100,000 317,438 225,099
Other time certificates of deposits 435,687 405,063
Total deposits 4,546,677 3,876,829
Borrowings    
Federal home loan bank and other borrowings 283,569 229,701
Wholesale repurchase agreements 50,000 50,000
Customer repurchase agreements 153,359 166,128
Junior subordinated debentures 74,127 61,857
Subordinated debentures 30,000 30,000
Total borrowings 591,055 537,686
Other liabilities 89,933 86,668
Total liabilities 5,227,665 4,501,183
Commitments and contingencies      
Stockholders' Equity    
Preferred stock, $.01 par value. authorized: 1,000,000 shares outstanding: none      
Common stock, $.01 par value. authorized: 75,000,000 issued and outstanding : 22,774,009 shares in 2012 and 21,499,768 shares in 2011 (includes 264,124 and 235,540 shares of unvested participating restricted stock awards, respectively) 225 213
Shares held in rabbi trust at cost 179,814 shares in 2012 and 180,058 shares in 2011 (3,179) (2,980)
Deferred compensation obligation 3,179 2,980
Additional paid in capital 269,950 233,878
Retained earnings 263,671 239,452
Accumulated other comprehensive loss, net of tax (4,526) (4,486)
Total stockholders' equity 529,320 469,057
Total liabilities and stockholders' equity $ 5,756,985 $ 4,970,240
[1] The amount of deferred fees included in the ending balance was $3.1 million, $2.9 million, and $2.8 million at December 31, 2012, 2011, and 2010, respectively.
[2] Approximately $38.3 million and $39.5 million is expected to be deductible for tax purposes at December 31, 2012 and 2011, respectively.