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Consolidated Balance Sheets (USD $)
In Thousands, unless otherwise specified
Dec. 31, 2011
Dec. 31, 2010
ASSETS    
CASH AND DUE FROM BANKS $ 58,301 $ 42,112
INTEREST EARNING DEPOSITS WITH BANKS 179,203 119,170
SECURITIES    
Trading Securities 8,240 7,597
Securities Available for Sale 305,332 377,457
Securities Held to Maturity (fair value $211,494 and $201,234) 204,956 202,732
TOTAL SECURITIES 518,528 587,786
LOANS HELD FOR SALE (at fair value) 20,500 27,917
LOANS    
Commercial and Industrial 575,716 502,952
Commercial Real Estate 1,847,654 1,717,118
Commercial Construction 128,904 129,421
Small Business 78,509 80,026
Residential Real Estate 416,570 473,936
Residential Construction 9,631 4,175
Home Equity 696,063 579,278
Consumer - Other 41,343 68,773
TOTAL LOANS 3,794,390 3,555,679
Less: Allowance for Loan Losses (48,260) (46,255)
NET LOANS 3,746,130 3,509,424
FEDERAL HOME LOAN BANK STOCK 35,854 35,854
BANK PREMISES AND EQUIPMENT, NET 48,252 45,712
GOODWILL 130,074 129,617
IDENTIFIABLE INTANGIBLE ASSETS 10,648 12,339
CASH SURRENDER VALUE OF LIFE INSURANCE POLICIES 86,137 82,711
OTHER REAL ESTATE OWNED & OTHER FORECLOSED ASSETS 6,924 7,333
OTHER ASSETS 129,689 95,763
TOTAL ASSETS 4,970,240 4,695,738
DEPOSITS    
Demand Deposits 992,418 842,067
Savings and Interest Checking Accounts 1,473,812 1,375,254
Money Market 780,437 717,286
Time Certificates of Deposit Over $100,000 225,099 219,480
Other Time Certificates of Deposits 405,063 473,696
TOTAL DEPOSITS 3,876,829 3,627,783
BORROWINGS    
FEDERAL Home Loan Bank and Other Borrowings 229,701 305,458
Federal Funds Purchased and Assets Sold Under Repurchase Agreements 216,128 168,119
Junior Subordinated Debentures 61,857 61,857
Subordinated Debentures 30,000 30,000
TOTAL BORROWINGS 537,686 565,434
OTHER LIABILITIES 86,668 66,049
TOTAL LIABILITIES 4,501,183 4,259,266
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 : 21,499,768 Shares in 2011 and 21,220,801 Shares in 2010 (includes 235,540 and 219,900 shares of unvested participating restricted stock awards, respectively) 213 210
Shares Held in Rabbi Trust at Cost 180,058 Shares in 2011 and 178,382 Shares in 2010 (2,980) (2,738)
Deferred Compensation Obligation 2,980 2,738
Additional Paid in Capital 233,878 226,708
Retained Earnings 239,452 210,320
Accumulated Other Comprehensive Loss, Net of Tax (4,486) (766)
TOTAL STOCKHOLDERS' EQUITY 469,057 436,472
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $ 4,970,240 $ 4,695,738