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Consolidated Balance Sheets (Unaudited) (USD $)
In Thousands
Jun. 30, 2011
Dec. 31, 2010
ASSETS    
CASH AND DUE FROM BANKS $ 56,679 $ 42,112
INTEREST EARNING DEPOSITS WITH BANKS 129,420 119,170
FED FUNDS SOLD 1,197 0
SECURITIES    
Trading Assets 8,539 7,597
Securities Available for Sale 305,895 377,457
Securities Held to Maturity (fair value $235,413 and $201,234 at June 30, 2011 and December 31, 2010, respectively) 233,109 202,732
TOTAL SECURITIES 547,543 587,786
LOANS HELD FOR SALE 12,255 27,917
LOANS    
Commercial and Industrial 568,022 502,952
Commercial Real Estate 1,801,026 1,717,118
Commercial Construction 130,303 129,421
Small Business 78,905 80,026
Residential Real Estate 454,597 473,936
Residential Construction 6,404 4,175
Home Equity 632,735 579,278
Consumer - Other 53,239 68,773
TOTAL LOANS 3,725,231 3,555,679
Less: Allowance for Loan Losses (46,637) (46,255)
NET LOANS 3,678,594 3,509,424
FEDERAL HOME LOAN BANK STOCK 35,854 35,854
BANK PREMISES AND EQUIPMENT, NET 46,368 45,712
GOODWILL 130,074 129,617
IDENTIFIABLE INTANGIBLE ASSETS 11,415 12,339
BANK OWNED LIFE INSURANCE 84,363 82,711
OTHER REAL ESTATE OWNED & FORECLOSED ASSETS 7,450 7,333
OTHER ASSETS 101,731 95,763
TOTAL ASSETS 4,842,943 4,695,738
DEPOSITS    
Demand Deposits 913,960 842,067
Savings and Interest Checking Accounts 1,479,365 1,375,254
Money Market 722,234 717,286
Time Certificates of Deposit Over $100,000 185,630 219,480
Other Time Certificates of Deposits 485,373 473,696
TOTAL DEPOSITS 3,786,562 3,627,783
BORROWINGS    
Federal Home Loan Bank Borrowings 258,012 302,414
Federal Funds Purchased and Assets Sold Under Repurchase Agreements 183,166 168,119
Junior Subordinated Debentures 61,857 61,857
Subordinated Debentures 30,000 30,000
Other Borrowings 2,635 3,044
TOTAL BORROWINGS 535,670 565,434
OTHER LIABILITIES 65,009 66,049
TOTAL LIABILITIES 4,387,241 4,259,266
COMMITMENTS AND CONTINGENCIES    
STOCKHOLDERS' EQUITY    
Preferred Stock, $.01 par value. Authorized: 1,000,000 Shares Outstanding: None 0 0
Common Stock, $.01 par value. Authorized: 75,000,000 Issued and Outstanding : 21,454,189 shares at June 30, 2011 and 21,220,801 shares at December 31, 2010 (Includes 235,540 and 219,900 shares of unvested fully participating restricted stock awards, respectively) 212 210
Shares Held in Rabbi Trust at Cost 174,537 shares in June 30, 2011 and 178,382 shares at December 31, 2010 (2,857) (2,738)
Deferred Compensation Obligation 2,857 2,738
Additional Paid in Capital 231,987 226,708
Retained Earnings 224,488 210,320
Accumulated Other Comprehensive Loss, Net of Tax (985) (766)
TOTAL STOCKHOLDERS' EQUITY 455,702 436,472
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $ 4,842,943 $ 4,695,738