Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets

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Condensed Consolidated Balance Sheets (USD $)
In Thousands, unless otherwise specified
Mar. 31, 2012
Dec. 31, 2011
Mar. 31, 2011
ASSETS      
Cash and due from banks $ 62,345 $ 69,786 $ 54,403
Interest-bearing deposits in other banks 48,504 26,556 30,050
Money market investments 179 155 178
Federal funds sold 155 162 175
Total cash and cash equivalents 111,183 96,659 84,806
Securities available for sale, at fair value 621,751 620,166 557,338
Restricted stock, at cost 20,715 20,661 25,056
Loans held for sale 73,575 74,823 50,584
Loans, net of unearned income 2,841,758 2,818,583 2,806,928
Less allowance for loan losses 40,204 39,470 40,399
Net loans 2,801,554 2,779,113 2,766,529
Bank premises and equipment, net 90,986 90,589 90,594
Other real estate owned, net of valuation allowance 37,663 32,263 38,674
Core deposit intangibles, net 19,403 20,714 25,171
Goodwill 59,400 59,400 57,567
Other assets 111,569 112,699 116,381
Total assets 3,947,799 3,907,087 3,812,700
LIABILITIES      
Noninterest-bearing demand deposits 564,811 534,535 507,565
Interest-bearing deposits:      
NOW accounts 434,625 412,605 381,887
Money market accounts 904,272 904,893 827,076
Savings accounts 194,473 179,157 174,244
Time deposits of $100,000 and over 516,829 511,614 521,940
Other time deposits 600,697 632,301 653,904
Total interest-bearing deposits 2,650,896 2,640,570 2,559,051
Total deposits 3,215,707 3,175,105 3,066,616
Securities sold under agreements to repurchase 53,043 62,995 66,225
Trust preferred capital notes 60,310 60,310 60,310
Long-term borrowings 155,503 155,381 155,014
Other liabilities 37,132 31,657 29,046
Total liabilities 3,521,695 3,485,448 3,377,211
Commitments and contingencies         
STOCKHOLDERS' EQUITY      
Preferred stock, $10.00 par value, $1,000 liquidation value, shares authorized 500,000; issued and outstanding, 35,595 shares at March 31, 2011 and zero at December 31, 2011 and March 31, 2012.     35,595
Common stock, $1.33 par value, shares authorized 36,000,000; issued and outstanding, 25,944,530 shares, 26,134,830 shares, and 26,034,989 shares, respectively. 34,396 34,672 34,559
Surplus 185,263 187,493 185,962
Retained earnings 195,933 189,824 173,655
Discount on preferred stock     (1,113)
Accumulated other comprehensive income 10,512 9,650 6,831
Total stockholders' equity 426,104 421,639 435,489
Total liabilities and stockholders' equity $ 3,947,799 $ 3,907,087 $ 3,812,700