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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 $ 92,342 $ 82,170
Interest-earning deposits in financial institutions 203,275 26,382
Total cash and cash equivalents 295,617 108,552
Securities available-for-sale, at fair value ($45,149 and $50,437 covered by FDIC loss sharing at December 31, 2011 and 2010, respectively) 1,326,358 874,016
Federal Home Loan Bank stock, at cost 46,106 55,040
Total investment securities 1,372,464 929,056
Non-covered loans, net of unearned income 2,807,713 3,161,055
Allowance for loan losses (85,313) (98,653)
Non-covered loans, net 2,722,400 3,062,402
Covered loans, net 703,023 908,576
Total loans 3,425,423 3,970,978
Other real estate owned, net ($33,506 and $55,816 covered by FDIC loss sharing at December 31, 2011 and 2010, respectively) 81,918 81,414
Premises and equipment, net 23,068 22,578
FDIC loss sharing asset 95,187 116,352
Cash surrender value of life insurance 67,469 66,182
Goodwill 39,141 47,301
Core deposit and customer relationship intangibles, net 17,415 25,843
Other assets 110,535 160,765
Total assets 5,528,237 5,529,021
LIABILITIES    
Noninterest-bearing deposits 1,685,799 1,465,562
Interest-bearing deposits 2,891,654 3,184,136
Total deposits 4,577,453 4,649,698
Borrowings 225,000 225,000
Subordinated debentures 129,271 129,572
Accrued interest payable and other liabilities 50,310 45,954
Total liabilities 4,982,034 5,050,224
Commitments and contingencies      
STOCKHOLDERS' EQUITY    
Preferred stock, $0.01 par value; authorized 5,000,000 shares; none issued and outstanding      
Common stock, $0.01 par value; authorized 75,000,000 shares; issued 37,542,287 and 36,880,225 shares at December 31, 2011 and 2010, respectively (includes 1,675,730 and 1,230,582 shares of unvested restricted stock, respectively) 375 369
Additional paid-in capital 1,084,691 1,085,364
Accumulated deficit (556,338) (607,042)
Treasury stock, at cost - 287,969 and 207,796 shares at December 31, 2011 and 2010 (5,328) (3,863)
Accumulated other comprehensive income 22,803 3,969
Total stockholders' equity 546,203 478,797
Total liabilities and stockholders' equity $ 5,528,237 $ 5,529,021