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Consolidated Balance Sheets (Unaudited) (USD $)
In Thousands
Sep. 30, 2011
Dec. 31, 2010
ASSETS  
CASH AND DUE FROM BANKS$ 53,821$ 42,112
INTEREST EARNING DEPOSITS WITH BANKS180,352119,170
FED FUNDS SOLD6670
SECURITIES  
Trading Assets7,9847,597
Securities Available for Sale293,073377,457
Securities Held to Maturity (fair value $228,755 and $201,234 at September 30, 2011 and December 31, 2010, respectively)220,552202,732
TOTAL SECURITIES521,609587,786
LOANS HELD FOR SALE (at fair value)22,15627,917
LOANS  
Commercial and Industrial567,552502,952
Commercial Real Estate1,815,0631,717,118
Commercial Construction119,309129,421
Small Business77,23080,026
Residential Real Estate441,600473,936
Residential Construction6,3064,175
Home Equity648,475579,278
Consumer - Other47,59068,773
TOTAL LOANS3,723,1253,555,679
Less: Allowance for Loan Losses(47,278)(46,255)
NET LOANS3,675,8473,509,424
FEDERAL HOME LOAN BANK STOCK35,85435,854
BANK PREMISES AND EQUIPMENT, NET47,64645,712
GOODWILL130,074129,617
IDENTIFIABLE INTANGIBLE ASSETS11,02912,339
BANK OWNED LIFE INSURANCE85,23982,711
OTHER REAL ESTATE OWNED AND FORECLOSED ASSETS8,7677,333
OTHER ASSETS126,70595,763
TOTAL ASSETS4,899,7664,695,738
DEPOSITS  
Demand Deposits977,323842,067
Savings and Interest Checking Accounts1,424,0601,375,254
Money Market744,682717,286
Time Certificates of Deposit Over $100,000226,464219,480
Other Time Certificates of Deposits415,004473,696
TOTAL DEPOSITS3,787,5333,627,783
BORROWINGS  
Federal Home Loan Bank Borrowings257,873302,414
Federal Funds Purchased and Assets Sold Under Repurchase Agreements216,331168,119
Junior Subordinated Debentures61,85761,857
Subordinated Debentures30,00030,000
Other Borrowings2,2033,044
TOTAL BORROWINGS568,264565,434
OTHER LIABILITIES82,90366,049
TOTAL LIABILITIES4,438,7004,259,266
COMMITMENTS AND CONTINGENCIES  
STOCKHOLDERS' EQUITY  
Preferred Stock, $.01 par value. Authorized: 1,000,000 Shares Outstanding: None  
Common Stock, $.01 par value. Authorized: 75,000,000 Issued and Outstanding : 21,465,109 shares at September 30, 2011 and 21,220,801 shares at December 31, 2010 (Includes 235,540 and 219,900 shares of unvested fully participating restricted stock awards, respectively)212210
Shares Held in Rabbi Trust at Cost 178,986 shares in September 30, 2011 and 178,382 shares at December 31, 2010(2,884)(2,738)
Deferred Compensation Obligation2,8842,738
Additional Paid in Capital232,845226,708
Retained Earnings232,369210,320
Accumulated Other Comprehensive Loss, Net of Tax(4,360)(766)
TOTAL STOCKHOLDERS' EQUITY461,066436,472
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY$ 4,899,766$ 4,695,738