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Financial Highlights

Trend Analysis--Quarterly (click here for Annual Analysis)

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Balance Sheet ($000)
	2013 Q1	2012 Q1	Y-Y Ch (%)	2012 Q4	Q-Q Ch (%)^†
Loans Held for Investment, before Reserves	1,717,290	1,521,028	12.90	1,705,726	2.71
Loans Held for Sale, before Reserves	2,142	2,053	4.34	1,518	164.43
Loan Loss Reserve	25,827	23,763	8.69	24,714	18.01
Net Loans Receivable	1,693,605	1,499,318	12.96	1,682,530	2.63
Intangible Assets	50,288	37,369	34.57	50,389	(0.80)
Total Assets	2,827,658	2,460,820	14.91	2,764,034	9.21
Deposits	2,409,497	2,066,569	16.59	2,261,794	26.12
Debt, Senior and Subordinated	139,620	117,347	18.98	179,806	(89.40)
Common Equity	237,511	222,489	6.75	236,426	1.84
Total Shareholders' Equity	254,930	239,962	6.24	253,897	1.63
Shares Outstanding (actual)	13,803,958	13,812,241	(0.06)	13,787,709	0.47

Income Statement ($000)
	2013 Q1	2012 Q1	Y-Y Ch (%)	2012 Q4	Q-Q Ch (%)^†
Net Interest Income	22,887	20,941	9.29	23,088	(3.48)
Provision for Loan Losses	2,709	1,385	95.60	2,520	30.00
Noninterest Income	5,661	5,211	8.64	6,098	(28.67)
Noninterest Expense	17,584	15,557	13.03	17,541	0.98
Net Income Before Taxes	9,147	9,350	(2.17)	9,310	(7.00)
Provision for Taxes	2,998	3,154	(4.95)	2,978	2.69
Net Income	6,149	6,196	(0.76)	6,332	(11.56)

Per Share Items ($)
	2013 Q1	2012 Q1	Y-Y Ch (%)	2012 Q4	Q-Q Ch (%)^†
Book Value per Share	17.21	16.11	6.82	17.15	1.36
Tangible Book Value	13.56	13.40	1.20	13.49	2.08
Diluted EPS Before Extra	0.42	0.42	0.00	0.43	(9.30)
Diluted EPS After Extra	0.42	0.42	0.00	0.43	(9.30)
Dividends Declared	0.1800	0.1300	38.46	0.1600	50.00

Performance Ratios (%)
	2013 Q1	2012 Q1	Y-Y Ch (bp)	2012 Q4	Q-Q Ch (bp)
ROAA	0.90	1.06	(16)	0.95	(5)
ROAE	9.75	10.36	(61)	9.85	(10)
Net Interest Margin	3.73	4.05	(32)	3.92	(19)
Loans / Deposits	71.27	73.60	(233)	75.41	(414)
Efficiency Ratio	59.87	58.26	161	58.88	99

Balance Sheet Ratios (%)
	2013 Q1	2012 Q1	Y-Y Ch (bp)	2012 Q4	Q-Q Ch (bp)
Tangible Equity/ Tangible Assets	7.37	8.36	(99)	7.50	(13)
Equity/ Assets	9.02	9.75	(74)	9.19	(17)

Asset Quality Ratios (%)
	2013 Q1	2012 Q1	Y-Y Ch (bp)	2012 Q4	Q-Q Ch (bp)
Nonperforming Assets/ Assets	0.44	0.41	3	0.36	8
Loan Loss Reserves/ Gross Loans	1.50	1.56	(6)	1.45	5
Loan Loss Reserves/ NPAs	207.03	238.11	(3,108)	246.06	(3,903)
Net Charge-offs/ Avg Loans	0.37	0.24	14	0.50	(13)

Regulatory Capital Ratios (%)
	2013 Q1	2012 Q1	Y-Y Ch (bp)	2012 Q4	Q-Q Ch (bp)
Tier 1 Capital Ratio	10.84	12.22	(138)	10.73	11

^† Q-Q Ch(%)= most recent quarter minus prior quarter annualized e.g. [(Q4-Q3)/Q3]*4

*	Percentages presented for individual quarters are annualized by taking the quarter amount and multiplying by four.


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