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Condensed Consolidated Balance Sheets Statement (USD $)
In Thousands
Jun. 30, 2011
Dec. 31, 2010
Assets    
Cash and due from banks $ 22,806 $ 23,413
Federal funds sold 1,321 3,153
Interest-bearing deposits (including $1,520 pledged as collateral) 173,925 267,102
Total cash and cash equivalents 198,052 293,668
Interest-bearing deposits greater than 90 days 1,751 1,751
Securities available for sale 472,270 361,546
Mortgage loans held for sale 1,688 5,640
Portfolio loans not covered under FDIC loss share 1,826,228 1,766,351
Portfolio loans covered under FDIC loss share at fair value 180,253 126,711
Less: Allowance for loan losses 42,157 42,759
Portfolio loans, net 1,964,324 1,850,303
Other real estate not covered under FDIC loss share 20,978 25,373
Other real estate covered under FDIC loss share 21,812 10,835
Other investments, at cost 14,720 12,278
Fixed assets, net 19,488 20,499
Accrued interest receivable 7,790 7,464
State tax credits, held for sale, including $29,247 and $31,576 carried at fair value, respectively 57,058 61,148
FDIC loss share receivable 92,511 88,292
Goodwill 3,879 2,064
Intangibles, net 1,791 1,223
Other assets 57,320 63,756
Total assets 2,935,432 2,805,840
Liabilities and Shareholders' Equity    
Demand deposits 473,688 366,086
Interest-bearing transaction accounts 212,431 204,687
Money market accounts 949,552 855,522
Savings 10,587 10,181
Certificates of deposit:    
$100 and over 574,369 543,898
Other 190,650 317,347
Total deposits 2,411,277 2,297,721
Subordinated debentures 85,081 85,081
Long-term Federal Home Loan Bank Advances 102,000 107,300
Other borrowings 87,774 119,333
Accrued interest payable 1,477 1,488
Other liabilities 10,839 11,569
Total liabilities 2,698,448 2,622,492
Shareholders' equity:    
Preferred stock, $0.01 par value; 5,000,000 shares authorized; 35,000 shares issued and outstanding 32,900 32,519
Common stock, $0.01 par value; 30,000,000 shares authorized; 17,814,718 and 14,965,401 shares issued, respectively 178 150
Treasury stock, at cost; 76,000 shares (1,743) (1,743)
Additional paid in capital 168,340 133,673
Retained earnings 33,315 19,322
Accumulated other comprehensive income (loss) 3,994 (573)
Total shareholders' equity 236,984 183,348
Total liabilities and shareholders' equity $ 2,935,432 $ 2,805,840