Sale Of Vision Bank Business (Tables)

6 Months Ended

Jun. 30, 2012

Discontinued Operations and Disposal Groups [Abstract]

Schedule Of Assets Purchased And Liabilities Assumed

The assets purchased and liabilities assumed by Centennial as of February 16, 2012, included the following:

(in thousands)	February 16, 2012
Assets sold
Cash and due from banks	$	20,711
Loans	355,750
Allowance for loan losses	(13,100		)
Net loans	342,650
Fixed assets	12,496
Other assets	4,612
Total assets sold	$	380,469
Liabilities sold
Deposits	$	522,856
Other liabilities	2,049
Total liabilities sold	$	524,905

Schedule Of Composition Of Pre-Tax Gain On Sale Of Business

The pre-tax gain, net of expense is summarized in the table below:

(in thousands)
Premium paid	$	27,913
One-time gains	298
Loss on sale of fixed assets	(2,434		)
Employment and severance agreements	(1,610		)
Other one-time charges, including estimates	(2,000		)
Pre-tax gain	$	22,167

Schedule Of Balance Sheet Of SE LLC

The balance sheet of SEPH as of March 31, 2012 and June 30, 2012 was as follows:

(in thousands)	March 31, 2012		June 30, 2012
Assets
Cash	$	16,049	$	15,493
Performing loans	16,123		8,509
Nonperforming loans	82,326		74,100
OREO	28,578		24,985
Other assets	18,417		16,964
Total assets	$	161,493	$	140,051
Liabilities and equity
Intercompany borrowings	$	140,000	$	120,000
Other liabilities	4,623		8,822
Equity	16,870		11,229
Total liabilities and equity	$	161,493	$	140,051