Exhibit 99.1

Chicago, IL, July 17, 2006--- PrivateBancorp, Inc. (NASDAQ: PVTB) today reported earnings of $0.47 per diluted share for the second quarter 2006 compared to second quarter 2005 earnings per diluted share of $0.34, an increase of 38 percent. Net income for second quarter 2006 was $10.0 million compared to second quarter 2005 net income of $7.2 million. Second quarter 2005 earnings were $0.34, which includes $0.04 per share of options expense that is recognized as a result of the modified retrospective application of SFAS 123 R, Share-Based Payment. Second quarter 2006 earnings per share include $0.02 of option expense. Net income for the six months ended June 30, 2006 was $19.0 million, or $0.88 per diluted share, compared to net income of $14.8 million, or $0.70 per diluted share for the six months ended June 30, 2005, reflecting a 25 percent increase in diluted earnings per share between periods. Reported results include the financial results of The PrivateBank - Michigan from its acquisition date of June 20, 2005.

Second quarter 2006 earnings per share include the impact of a $1.4 million gain on the sale of Federal Home Loan Bank of Chicago (“FHLB (Chicago)”) advances, $228,000 of costs associated with the withdrawal of our membership from the FHLB (Chicago) on May 2, 2006, securities losses of $1.0 million, and a gain on an interest rate swap of $413,000. The combined effect of these items increased diluted earnings per share by $0.019 for the second quarter.

“PrivateBancorp experienced another solid quarter of growth and profitability and continued to take steps to facilitate future growth. Our Oak Brook and Geneva, Illinois offices moved to larger facilities, while our planned third-quarter headquarters relocation remains on course. From a financial perspective, our team of experienced managing directors and associates continued to drive loan and deposit growth, as well as fee income growth, resulting in improved earnings performance across the markets we serve. Credit quality remains high, with non-performing loans at roughly one-tenth of one percent of total loans. In addition, we are pleased that during the quarter we were able to complete the withdrawal of our membership from the Federal Home Loan Bank of Chicago and the full redemption of our FHLB Chicago stock,” said Ralph B. Mandell, Chairman, President and CEO.

Second quarter 2006 net interest income totaled $29.9 million, up 37 percent over second quarter 2005 net interest income of $21.8 million, primarily due to growth in earning assets compared to the year earlier period. Net interest margin (on a tax equivalent basis) was 3.55 percent in the second quarter 2006, up slightly from 3.53 percent in the prior year second quarter and up 10 basis points from 3.45 percent in the first quarter 2006. Yields on average earning assets increased by 39 basis points from first quarter 2006, driven by increases in the prime rate, which exceeded an increase in the cost of total average interest bearing liabilities of 33 basis points during the quarter.

As previously disclosed, the Company completed the withdrawal of its membership from the FHLB (Chicago) on May 2, 2006. As a result, the Company received $138.5 million in full payment of the redemption of the shares of FHLB (Chicago) stock it owned, and retired or sold all of its outstanding advances with and obligations to the FHLB (Chicago). As a result of the redemption of our FHLB (Chicago) stock, as of June 30, 2006, investment securities were $499.8 million, down 27 percent from $682.4 million at March 31, 2006 and down 35 percent from $769.2 million at June 30, 2005.

The provision for loan losses was $2.4 million in the second quarter 2006, compared to $1.9 million in the prior year second quarter and $2.3 million in the first quarter 2006. The increase in the provision for loan losses reflects the impact of continued loan growth. Net charge-offs totaled $389,000 in the second quarter 2006 versus $310,000 in the prior year quarter and $144,000 in the first quarter 2006. The allowance for loan losses as a percentage of total loans was 1.13 percent as of June 30, 2006 and March 31, 2006 and down from 1.15 percent at June 30, 2005. At June 30, 2006, nonperforming loans as a percentage of total loans were 0.10 percent, down from 0.15 percent at March 31, 2006 and June 30, 2005.

Non-interest income increased to $6.6 million in the second quarter 2006, up 51 percent from $4.4 million in the second quarter 2005 and up $1.6 million from the first quarter 2006. Non-interest income for the second quarter 2006 reflects $1.4 million of gains related to the sale of $90.0 million of FHLB (Chicago) advances on May 2, 2006, as a result of the withdrawal of our membership from the FHLB (Chicago). The remaining growth in non-interest income during the quarter was primarily driven by growth in wealth management fee income, which increased to $3.6 million for the second quarter 2006, up from $2.4 million in the second quarter 2005 and $3.2 million in the first quarter 2006. Wealth management assets under management increased by 35 percent to $2.7 billion at June 30, 2006, compared to $2.0 billion at June 30, 2005, and essentially unchanged from $2.7 billion as of March 31, 2006.

Non-interest expense increased to $18.9 million in the second quarter 2006 from $13.8 million in the prior year quarter and $17.6 million in first quarter 2006. The 37 percent increase in non-interest expense as compared to the second quarter 2005 is primarily attributable to the inclusion of a full quarter’s expenses of The PrivateBank - Michigan as compared to the prior year quarter and increases in costs resulting from the Company’s increased scale and scope of operations. The 8 percent increase in non-interest expense from the first quarter 2006 is attributable primarily to increased professional fees associated with our wealth management business. During the second quarter 2006, the Company incurred approximately $228,000 in legal and other costs associated with the withdrawal of our membership from the FHLB (Chicago).

The Company continues to add experienced managing directors to support continued growth. Full-time equivalent employees at quarter’s end increased to 409 from 362 at June 30, 2005 and from 393 at March 31, 2006. At June 30, 2006, the Company had 126 managing directors compared to 84 at June 30, 2005 and 116 at March 31, 2006. The increase in the number of managing directors for the quarter was a result of 5 promotions and 5 net new hires. The efficiency ratio was 50.3 percent in the second quarter 2006 compared to 50.7 percent in the prior year quarter and 51.7 percent in the first quarter 2006.

Total assets were $3.7 billion at June 30, 2006 compared to $3.2 billion at June 30, 2005, an increase of 13 percent, and $3.7 billion at March 31, 2006. Total assets decreased slightly from the prior quarter’s end due primarily to our withdrawal from the FHLB (Chicago) and the resulting deleveraging of the balance sheet. The Company continued to see strong growth in the loan portfolio. At June 30, 2006, total loans were $3.0 billion, versus $2.2 billion at June 30, 2005 and $2.8 billion at March 31, 2006.

Total deposits were $3.1 billion at June 30, 2006, up from $2.4 billion at June 30, 2005 and up from $2.9 billion at March 31, 2006. Core deposits, defined as total deposits less brokered deposits, increased 18 percent to $2.4 billion at June 30, 2006 compared to $2.0 billion at June 30, 2005, and increased 6 percent from $2.2 billion at March 31, 2006. Brokered deposits were $748.0 million at June 30, 2006, an increase of 94 percent from $385.7 million at June 30, 2005, and up 6 percent from $704.6 million at March 31, 2006. Funds borrowed, which include Federal Home Loan Bank advances, decreased 71 percent to $133.2 million at June 30, 2006 from $464.8 million at June 30, 2005, and decreased 62 percent from $351.5 million at March 31, 2006. The decrease is primarily attributable to the sale of advances and repayment of advances to the FHLB (Chicago) in conjunction with the Company’s withdrawal of membership.

PrivateBancorp, Inc. was organized in 1989 to provide distinctive, highly personalized premium financial services primarily to privately held businesses, affluent individuals, wealthy families, professionals, entrepreneurs and real estate investors for their personal and professional interests. The Company uses a European tradition of “private banking” as a model to develop lifetime relationships with its clients. Utilizing a team of highly qualified managing directors, The PrivateBank tailors products and services to meet each client’s needs in personal and commercial banking services and wealth management services. The Company, which had assets of $3.7 billion as of June 30, 2006, has 14 offices located in the Chicago, Detroit, Milwaukee, and St. Louis metropolitan areas.

Forward-Looking Statements: Statements contained in this news release that are not historical facts may constitute forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended. The Company’s ability to predict results or the actual effect of future plans or strategies is inherently uncertain. Factors which could have a material adverse effect on the operations and future prospects of the Company include, but are not limited to, fluctuations in market rates of interest and loan and deposit pricing, deterioration in asset quality due to an economic downturn in the greater Chicago, Detroit, Milwaukee, and St. Louis metropolitan areas, legislative or regulatory changes, adverse developments in the Company’s loan or investment portfolios, slower than anticipated growth of the Company’s business or unanticipated business declines, unforeseen difficulties in the continued integration of The PrivateBank - Michigan or higher than expected operational costs, unexpected difficulties in the continued integration of or in operating our mortgage banking business, competition and the possible dilutive effect of potential acquisitions, expansion or future capital raises. These risks and uncertainties should be considered in evaluating forward-looking statements and undue reliance should not be placed on such statements. The Company assumes no obligation to update publicly any of these statements in light of future events unless required under the federal securities laws.

	Three Months Ended						Six Months Ended
	June 30,						June 30,
	2006			2005			2006			2005
	unaudited			unaudited			unaudited			unaudited
Interest Income
Interest and fees on loans	$	55,127		$	29,198		$	104,037		$	54,789
Interest on investment securities		7,734			9,428			16,036			18,641
Interest on short-term investments		199			93			286			127
Total Interest Income		63,060			38,719			120,359			73,557

Interest Expense
Interest on deposits		29,281			13,586			53,833			24,838
Interest on borrowings		2,387			2,750			5,855			5,224
Interest on long-term debt - trust preferred securities		1,530			591			3,034			1,076
Total Interest Expense		33,198			16,927			62,722			31,138

Net Interest Income		29,862			21,792			57,637			42,419
Provision for loan losses		2,382			1,900			4,635			2,802
Net Interest Income After Provision		27,480			19,892			53,002			39,617

Non Interest Income
Wealth management income		3,603			2,350			6,763			4,546
Mortgage banking income		1,005			1,076			1,728			1,818
Other income		2,616			885			3,755			1,751
Net securities (losses) gains		(1,007	)		1,045			(1,585	)		940
Gains (losses) on interest rate swap		413			(972	)		968			(493	)
Total Non Interest Income		6,630			4,384			11,629			8,562

Non Interest Expense
Salaries and benefits		10,325			8,212			20,861			15,623
Occupancy expense		2,214			1,804			4,383			3,542
Professional fees		1,855			991			2,766			2,012
Wealth management fees		899			234			1,410			427
Marketing		1,083			645			1,996			1,259
Data processing		764			627			1,530			1,209
Amortization of intangibles		153			57			307			99
Insurance		323			270			632			533
Other operating expenses		1,318			995			2,607			1,988
Total Non Interest Expense		18,934			13,835			36,492			26,692

Minority interest expense		86			73			163			149
Income Before Income Taxes		15,090			10,368			27,976			21,338
Income tax expense		5,077			3,154			8,976			6,574
Net Income	$	10,013		$	7,214		$	19,000		$	14,764


Weighted Average Shares Outstanding		20,659,566			20,065,931			20,615,276			19,985,936
Diluted Average Shares Outstanding		21,523,387			20,971,907			21,509,786			20,884,463

Earnings Per Share
Basic	$	0.48		$	0.36		$	0.92		$	0.74
Diluted	$	0.47		$	0.34		$	0.88		$	0.70

	06/30/06			12/31/05			06/30/05
	unaudited						unaudited
Assets
Cash and due from banks	$	46,625		$	47,736		$	33,359
Short-term investments		1,496			14,133			74,873
Investment securities: available-for-sale		499,801			695,151			769,218
Loans held for sale		6,443			5,269			12,532

Loans		2,956,026			2,608,067			2,192,542
Allowance for loan losses		(33,490	)		(29,388	)		(25,152	)
Net loans		2,922,536			2,578,679			2,167,390

Premises and equipment, net		17,902			11,754			8,580
Goodwill		63,176			63,176			62,981
Other assets		92,876			80,699			75,781
Total Assets	$	3,650,855		$	3,496,597		$	3,204,714

Liabilities
Non-interest bearing deposits	$	273,003		$	252,625		$	245,019
Interest bearing deposits		2,852,771			2,570,757			2,162,322
Total deposits		3,125,774			2,823,382			2,407,341

Funds borrowed		133,163			296,980			464,799
Long-term debt - trust preferred securities		98,000			98,000			78,000
Other liabilities		40,860			40,317			32,026
Total Liabilities		3,397,797			3,258,679			2,982,166

Stockholders' Equity
Common stock and additional paid-in-capital		145,221			140,557			137,618
Treasury stock		(3,812	)		(2,728	)		(2,635	)
Retained earnings		109,130			92,655			78,386
Accumulated other comprehensive income		2,519			7,434			9,179
Total Stockholders' Equity		253,058			237,918			222,548

Total Liabilities and
Stockholders' Equity	$	3,650,855		$	3,496,597		$	3,204,714

Book Value Per Share	$	11.94		$	11.61		$	10.89

	2Q06			1Q06			4Q05			3Q05			2Q05
Key Statistics
Net income	$	10,013		$	8,987		$	8,242		$	7,906		$	7,215
Basic earnings per share	$	0.48		$	0.44		$	0.40		$	0.39		$	0.36
Diluted earnings per share	$	0.47		$	0.42		$	0.39		$	0.37		$	0.34


Return on average total assets		1.10	%		1.03	%		0.97	%		0.97	%		1.07	%
Return on average total equity		16.49	%		15.26	%		14.49	%		14.06	%		13.95	%
Dividend payout ratio		12.65	%		14.06	%		11.41	%		11.91	%		12.84	%
Fee revenue as a percent of total revenue (1)		19.48	%		15.32	%		15.07	%		16.20	%		16.51	%
Wealth management assets under management		2,686,255			2,716,599			2,436,766			2,061,510			1,984,371


Non-interest income to average assets		0.73	%		0.57	%		0.58	%		0.67	%		0.65	%
Non-interest expense to average assets		2.09	%		2.01	%		2.20	%		2.10	%		2.06	%
Net overhead ratio (2)		1.36	%		1.44	%		1.62	%		1.43	%		1.40	%
Efficiency ratio (3)		50.3	%		51.7	%		55.7	%		52.2	%		50.7	%

Net interest margin
Fed funds sold & other short-term investments		5.02	%		4.81	%		4.61	%		3.59	%		2.89	%
Investment Securities (taxable)		5.75	%		4.88	%		5.02	%		4.96	%		5.05	%
Investment Securities (non-taxable)		6.90	%		6.91	%		6.91	%		6.96	%		6.96	%
Loans, net of unearned discount		7.64	%		7.39	%		7.14	%		6.76	%		6.43	%
Yield on average earning assets		7.39	%		7.00	%		6.79	%		6.44	%		6.16	%
Interest bearing deposits		4.21	%		3.84	%		3.45	%		3.04	%		2.88	%
Funds borrowed		4.58	%		4.24	%		4.04	%		3.66	%		3.12	%
Trust preferred securities		6.17	%		6.14	%		7.00	%		7.06	%		8.69	%
Cost of average interest-bearing liabilities		4.29	%		3.96	%		3.64	%		3.26	%		2.99	%
Net interest spread (4)		3.10	%		3.04	%		3.15	%		3.18	%		3.17	%
Net interest margin (5)		3.55	%		3.45	%		3.55	%		3.53	%		3.53	%

Tax equivalent adjustment to net interest income (6)	$	1,173		$	1,174		$	1,143		$	1,132		$	1,125

(6)

The company adjusts GAAP reported net interest income by the tax equivalent adjustment amount to account for the tax attributes on federally tax exempt municipal securities. For GAAP purposes, tax benefits associated with federally tax exempt municipal securities are recorded as a benefit in income tax expense. The following table reconciles reported net interest income to net interest income on a tax equivalent basis for the periods presented:

	2Q06			1Q06			4Q05			3Q05			2Q05
Balance Sheet Ratios
Loans to Deposits (period end)		94.57	%		94.78	%		92.37	%		94.15	%		91.08	%

Average interest-earning assets to average interest-bearing liabilities		111.9			111.2			112.0			111.7			113.6

Per Share Data
Dividends	$	0.060		$	0.060		$	0.045		$	0.045		$	0.045
Book value (period end)	$	11.94		$	11.82		$	11.61		$	11.23		$	10.89
Tangible book value (period end) ⁽¹⁾	$	8.71		$	8.52		$	8.43		$	7.87		$	7.52

Share Price Data (period end)
Closing Price	$	41.41		$	41.49		$	35.57		$	34.28		$	35.38
Diluted earnings multiple ⁽²⁾		21.97	x		24.36	x		22.99	x		23.35	x		25.94	x
Book value multiple		3.47	x		3.51	x		3.06	x		3.05	x		3.25	x

Common Stock Information
Outstanding shares at end of period		21,198,759			20,729,339			20,491,934			20,490,119			20,435,869

Number of shares used to compute:
Basic earnings per share		20,659,566			20,561,694			20,427,363			20,408,238			20,065,931
Diluted earnings per share		21,523,387			21,424,810			21,410,469			21,373,287			20,971,907

Capital Ratios (period end)⁽³⁾:
Total equity to total assets		6.93	%		6.68	%		6.80	%		6.91	%		6.94	%
Total risk-based capital ratio		10.63	%		10.48	%		10.54	%		10.13	%		10.60	%
Tier-1 risk-based capital ratio		8.62	%		8.54	%		8.50	%		8.67	%		9.18	%
Leverage ratio		7.41	%		7.25	%		7.09	%		7.07	%		7.94	%

	2Q06			1Q06			4Q05			3Q05			2Q05
Summary Income Statement
Interest Income
Interest and fees on loans	$	55,127		$	48,910		$	45,244		$	39,580		$	29,198
Interest on investment securities		7,734			8,302			8,585			9,093			9,428
Interest on short-term investments		199			87			207			166			93
Total Interest Income		63,060			57,299			54,036			48,839			38,719

Interest Expense		33,198			29,524			26,319			22,575			16,927

Net Interest Income		29,862			27,775			27,717			26,264			21,792
Provision for loan losses		2,382			2,253			1,690			2,046			1,900

Net Interest Income after Provision for Loan Losses		27,480			25,522			26,027			24,218			19,892

Non Interest Income
Wealth management income		3,603			3,160			2,771			2,627			2,350
Mortgage banking income		1,005			724			784			1,284			1,076
Other income		2,616			1,138			1,361			1,165			885
Net securities (losses) gains		(1,007	)		(578	)		(192	)		(249	)		1,045
Gains (losses) on interest rate swap		413			555			252			644			(972	)
Total Non Interest Income		6,630			4,999			4,976			5,471			4,384

Non Interest Expense
Salaries and benefits		10,325			10,536			10,677			10,011			8,212
Occupancy expense		2,214			2,169			2,012			1,963			1,804
Professional fees		1,855			1,016			1,284			1,272			991
Wealth management fees		899			406			326			308			234
Marketing		1,083			913			1,140			1,150			645
Data processing		764			766			820			803			627
Insurance		323			310			287			275			270
Amortization of intangibles		153			154			156			156			57
Other operating expenses		1,318			1,288			2,132			1,221			995
Total Non Interest Expense		18,934			17,558			18,834			17,159			13,835

Minority interest expense		86			77			76			82			73
Income Before Income Taxes		15,090			12,886			12,093			12,448			10,368
Income tax expense		5,077			3,899			3,851			4,542			3,154
Net income	$	10,013		$	8,987		$	8,242		$	7,906		$	7,214

	2Q06			1Q06			4Q05			3Q05			2Q05
Credit Quality
Key Ratios
Net charge-offs (recoveries) to average loans		0.05	%		0.02	%		0.03	%		-0.12	%		0.07	%
Total non-performing loans to total loans		0.10	%		0.15	%		0.04	%		0.05	%		0.15	%
Total non-performing assets to total assets		0.09	%		0.12	%		0.04	%		0.04	%		0.11	%
Nonaccrual loans to:
total loans		0.06	%		0.12	%		0.03	%		0.02	%		0.06	%
total assets		0.05	%		0.09	%		0.02	%		0.01	%		0.04	%
Allowance for loan losses to:
total loans		1.13	%		1.13	%		1.13	%		1.15	%		1.15	%
non-performing loans		1051	%		693	%		2201	%		1954	%		689	%
nonaccrual loans		1946	%		976	%		4434	%		5908	%		2076	%

Non-performing assets:
Loans delinquent over 90 days	$	1,262		$	1,080		$	280		$	744		$	2,026
Nonaccrual loans		1,721			3,228			663			472			1,212
OREO		203			235			393			211			413
Total non-performing assets	$	3,187		$	4,543		$	1,336		$	1,427		$	3,651

Net loan charge-offs (recoveries):
Loans charged off	$	466		$	165		$	188		$	19		$	328
(Recoveries)		(77	)		(21	)		(2	)		(705	)		(18	)
Net charge-offs (recoveries)	$	389		$	144		$	186			($686	)	$	310

Provision for loan losses	$	2,382		$	2,253		$	1,690		$	2,046		$	1,900

Allowance for Loan Losses Summary
Balance at beginning of period (1)	$	31,497		$	29,388		$	27,884		$	25,152		$	23,562
Provision		2,382			2,253			1,690			2,046			1,900
Net charge-offs (recoveries)		389			144			186			(686	)		310
Balance at end of period	$	33,490		$	31,497		$	29,388		$	27,884		$	25,152

Net loan charge-offs (recoveries):
Commercial real estate	$	250			-			-			-			-
Residential real estate		-			-			-			-			-
Commercial	$	180		$	121			-			($115	)	$	270
Personal		($41	)	$	23		$	186			($571	)	$	40
Home equity		-			-			-			-			-
Construction		-			-			-			-			-
Total net loan charge-offs (recoveries)	$	389		$	144		$	186			($686	)	$	310

	unaudited			unaudited			audited			unaudited			unaudited
	06/30/06			03/31/06			12/31/05			09/30/05			06/30/05
Assets
Cash and due from banks	$	46,625		$	42,827		$	47,736		$	43,246		$	33,359
Short-term investments		1,496			9,613			14,133			11,179			74,873
Investment securities: available-for-sale		499,801			682,355			695,151			720,055			769,218
Loans held for sale		6,443			9,747			5,269			9,104			12,532
Loans		2,956,026			2,786,075			2,608,067			2,421,725			2,192,542
Less: Allowance for loan losses		(33,490	)		(31,497	)		(29,388	)		(27,884	)		(25,152	)
Net loans		2,922,536			2,754,578			2,578,679			2,393,841			2,167,390
Premises and equipment, net		17,902			15,146			11,754			9,798			8,580
Goodwill		63,176			63,176			63,176			63,160			62,981
Other assets		92,876			93,064			80,698			77,601			75,781
Total Assets	$	3,650,855		$	3,670,506		$	3,496,596		$	3,327,984		$	3,204,714

Liabilities and Stockholders' Equity
Non-interest bearing deposits	$	273,003		$	240,961		$	252,625		$	261,808		$	245,019
Interest bearing demand deposits		127,445			142,734			132,787			121,696			118,089
Savings and money market deposits		1,277,067			1,243,501			1,272,353			1,108,299			1,153,918
Time deposits		1,448,259			1,312,306			1,165,617			1,080,431			890,315
Total deposits		3,125,774			2,939,502			2,823,382			2,572,234			2,407,341
Funds borrowed		133,163			351,523			296,980			417,664			464,799
Long-term debt - Trust Preferred Securities		98,000			98,000			98,000			78,000			78,000
Other liabilities		40,860			36,361			40,317			29,995			32,026
Total liabilities		3,397,797			3,425,386			3,258,679			3,097,893			2,982,166
Stockholders' equity		253,058			245,120			237,918			230,091			222,548
Total Liabilities and Stockholders' Equity	$	3,650,855		$	3,670,506		$	3,496,597		$	3,327,984		$	3,204,714

	06/30/06			03/31/06			12/31/05			09/30/05			06/30/05
Assets
Cash and due from banks	$	37,582		$	35,208		$	36,703		$	34,513		$	28,483
Short-term investments		15,646			7,317			17,522			18,234			12,643
Investment securities: available-for-sale		579,223			696,323			702,351			749,461			768,523
Loans held for sale		7,375			7,655			7,541			9,644			8,517
Loans		2,869,754			2,660,074			2,499,060			2,305,517			1,803,580
Less: Allowance for loan losses		(32,517	)		(30,018	)		(28,475	)		(26,271	)		(20,665	)
Net loans		2,837,237			2,630,056			2,470,585			2,279,246			1,782,915
Premises and equipment, net		17,148			14,417			10,649			9,248			7,241
Goodwill		63,176			63,176			63,161			62,983			25,486
Other assets		84,870			87,413			81,719			76,756			64,464
Total Assets	$	3,642,257		$	3,541,565		$	3,390,231		$	3,240,085		$	2,698,272

Liabilities and Stockholders' Equity
Non-interest bearing deposits	$	264,798		$	240,119		$	256,782		$	238,632		$	190,477
Interest bearing demand deposits		128,854			123,524			127,769			119,060			110,956
Savings and money market deposits		1,273,639			1,240,914			1,191,130			1,120,336			1,038,059
Time deposits		1,389,356			1,230,534			1,096,528			957,640			743,221
Total deposits		3,056,647			2,835,091			2,672,209			2,435,668			2,082,713
Funds borrowed		206,098			326,862			363,540			468,681			348,216
Long-term debt - Trust Preferred Securities		98,000			98,000			89,304			78,000			27,229
Other liabilities		38,033			42,728			39,314			34,645			32,583
Total liabilities		3,398,778			3,302,681			3,164,367			3,016,994			2,490,741
Stockholders' equity		243,479			238,884			225,864			223,091			207,531
Total Liabilities and Stockholders' Equity	$	3,642,257		$	3,541,565		$	3,390,231		$	3,240,085		$	2,698,272

	06/30/06			03/31/06			12/31/05			09/30/05			06/30/05
Assets
Cash and due from banks	$	36,348		$	35,208		$	33,043		$	31,856		$	30,370
Short-term investments		11,505			7,317			14,730			10,824			8,540
Investment securities: available-for-sale		637,450			696,323			743,162			756,915			760,700
Loans held for sale		7,520			7,655			7,875			8,431			8,710
Loans		2,765,489			2,660,074			2,077,000			1,934,324			1,744,754
Less: Allowance for loan losses		(31,274	)		(30,018	)		(23,725	)		(22,124	)		(20,016	)
Net loans		2,734,215			2,630,056			2,053,275			1,912,200			1,724,738
Premises and equipment, net		15,790			14,417			8,538			7,827			7,104
Goodwill		63,176			63,176			43,262			36,557			23,116
Other assets		80,324			87,413			70,905			66,261			61,001
Total Assets	$	3,586,328		$	3,541,565		$	2,974,790		$	2,830,871		$	2,624,279

Liabilities and Stockholders' Equity
Non-interest bearing deposits	$	252,529		$	240,119		$	214,826		$	200,704		$	181,274
Interest bearing demand deposits		126,204			123,524			114,743			110,353			105,927
Savings and money market deposits		1,257,367			1,240,914			1,067,763			1,026,205			978,402
Time deposits		1,310,384			1,230,534			887,716			817,344			746,049
Total deposits		2,946,484			2,835,091			2,285,048			2,154,606			2,011,652
Funds borrowed		266,123			326,862			386,184			390,919			352,931
Long-term debt - Trust Preferred Securities		98,000			98,000			53,633			41,743			23,615
Other liabilities		35,699			42,728			34,833			32,347			30,963
Total liabilities		3,346,306			3,302,681			2,759,698			2,619,615			2,419,161
Stockholders' equity		240,022			238,884			215,092			211,256			205,118
Total Liabilities and Stockholders' Equity	$	3,586,328		$	3,541,565		$	2,974,790		$	2,830,871		$	2,624,279


	Reconciliation of net interest income to net interest income on a tax equivalent basis

	2Q06		1Q06		4Q05		3Q05		2Q05
Net interest income	$	29,862	$	27,775	$	27,717	$	26,264	$	21,792
Tax equivalent adjustment to net interest income		1,173		1,174		1,143		1,132		1,125
Net interest income, tax equivalent basis	$	31,035	$	28,949	$	28,860	$	27,396	$	22,917