Annual report pursuant to Section 13 and 15(d)

CONSOLIDATED STATEMENTS OF OPERATIONS

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CONSOLIDATED STATEMENTS OF OPERATIONS (USD $)
In Thousands, except Share data, unless otherwise specified
 12 Months Ended
Dec. 31, 2011
Dec. 31, 2010
Dec. 31, 2009
INTEREST INCOME      
Interest and Fees on Loans $ 94,944 $ 105,710 $ 117,324
Investment Securities:      
Taxable Securities 3,321 2,681 2,698
Tax Exempt Securities 647 1,517 2,672
Funds Sold 547 587 82
Total Interest Income 99,459 110,495 122,776
INTEREST EXPENSE      
Deposits 3,947 8,645 10,585
Short-Term Borrowings 305 159 291
Subordinated Notes Payable 1,380 2,008 3,730
Other Long-Term Borrowings 1,905 2,150 2,236
Total Interest Expense 7,537 12,962 16,842
NET INTEREST INCOME 91,922 97,533 105,934
Provision for Loan Losses 18,996 23,824 40,017
Net Interest Income After Provision For Loan Losses 72,926 73,709 65,917
NONINTEREST INCOME      
Service Charges on Deposit Accounts 25,451 26,500 28,142
Data Processing Fees 3,230 3,610 3,628
Asset Management Fees 4,364 4,235 3,925
Retail Brokerage Fees 3,251 2,820 2,655
Securities Transactions   8 10
Mortgage Banking Fees 2,675 2,948 2,699
Bank Card Fees 10,141 9,200 10,306
Other 9,736 7,504 6,026
Total Noninterest Income 58,848 56,825 57,391
NONINTEREST EXPENSE      
Salaries and Associate Benefits 63,642 62,755 65,067
Occupancy, Net 9,622 10,010 9,798
Furniture and Equipment 8,558 8,929 9,096
Intangible Amortization 675 2,682 4,042
Other Real Estate 12,677 14,922 7,577
Other 31,074 34,618 36,535
Total Noninterest Expense 126,248 133,916 132,115
INCOME (LOSS) BEFORE INCOME TAXES 5,526 (3,382) (8,807)
Income Tax Expense (Benefit) 629 (2,969) (5,336)
NET INCOME (LOSS) $ 4,897 $ (413) $ (3,471)
Basic Net Income (Loss) Per Share $ 0.29 $ (0.02) $ (0.2)
Diluted Net Income (Loss) Per Share $ 0.29 $ (0.02) $ (0.2)
Average Basic Common Shares Outstanding 17,140 17,076 17,044
Average Diluted Common Shares Outstanding 17,140 17,077 17,045