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2009-10-27 05:00 ET - News Release

Net Income for the 2009 Third Quarter Was $15.2 Million, or $0.37 Diluted Earnings Per Share, Versus $9.2 Million, or $0.29 Diluted Earnings Per Share, for the 2008 Third Quarter, an Increase of $6.0 Million, or 65.0 Percent
Deposits Grew a Record $701.2 Million During the Quarter, to $6.8 Billion. Overall Deposit Growth at $1.42 Billion, or 26.3 Percent, from Year End 2008. Average Deposits in the Quarter Were $6.6 Billion, Up $733.6 Million, or 12.5 Percent When Compared with the 2009 Second Quarter
Core Deposit Growth for the 2009 Third Quarter Reached Record Levels of $534.9 Million, or 9.2 Percent
Loans Increased $361.4 Million, or 9.6 Percent, to $4.13 Billion for the Quarter
Total Non-Performing Loans Remained Relatively Stable at $51.2 Million, or 1.24 Percent of Total Loans, Compared with $47.9 Million, or 1.27 Percent of Total Loans at June 30, 2009
Tier One Leverage, Tier One Risk-Based and Total Risk-Based Capital Ratios of 9.80 Percent, 14.46 Percent and 15.34 Percent, Respectively. Bank Remains Significantly Above Thresholds Required to Meet FDIC “Well Capitalized” Standards. Tangible Common Equity Ratio at a High 9.00 Percent
Net Interest Margin on a Tax-equivalent Basis Remained Unchanged at 3.39 Percent Versus the 2009 Second Quarter
Two Private Client Banking Teams Joined the Bank During the Third Quarter and One New Office Opened; Another Team Hired in the Fourth Quarter for a Total of 13 Teams Added Year-to-Date