Univest Financial (UVSP) 8-K Univest Corporation of Pennsylvania — Univest National Bank and Trust Co. — Reports Fourth Quarter and Year End Earnings

Exhibit 99.1

CONTACT:	Jeff Schweitzer
	UNIVEST CORPORATION OF PENNSYLVANIA
	Chief Financial Officer
	215-721-2458,schweitzerj@univest.net

FOR IMMEDIATE RELEASE

UNIVEST CORPORATION OF PENNSYLVANIA — UNIVEST NATIONAL
BANK AND TRUST CO. — REPORTS FOURTH QUARTER AND YEAR END EARNINGS

SOUDERTON, Pa., January 26, 2011 — Univest Corporation of Pennsylvania(NASDAQ: UVSP), a full service financial institution with 135 years of experience in delivering financial solutions including personal and business banking, online banking, residential mortgages, insurance products, investments and wealth advisory solutions, today announced financial results for the fourth quarter and year ended December 31, 2010. Univest reported net income of $4.9 million or $0.30 diluted earnings per share for the quarter ended December 31, 2010, compared to net income of $1.5 million or $0.09 diluted earnings per share for the quarter ended December 31, 2009.

For the year ended December 31, 2010, Univest reported net income of $15.8 million or $0.95 diluted earnings per share compared to net income of $10.8 million or $0.75 diluted earnings per share reported for the year ended December 31, 2009.

Deposits

Total non-time deposits increased $26.5 million during the quarter and have increased $154.8 million year over year. These increases were offset by a decline in time deposits of $17.8 million for the three months ended December 31, 2010 and $32.8 million for the twelve months ended December 31, 2010.

Loans

Gross loans and leases increased $3.8 million during the quarter and $45.2 million for the twelve months ended December 31, 2010. While overall loan demand remains light primarily due to less credit demand and utilization of lines by businesses responding to the current economic environment, Univest continues to secure new loan opportunities due to the previously mentioned disruption in local markets and increased visibility as a result of a brand campaign designed to fuel loan growth.

Net Interest Income and Margin

Net interest income increased $2.4 million or 14.5% to $19.2 million in the fourth quarter of 2010 and increased year over year by $5.9 million or 8.7% to $73.5 million. The net interest margin on a tax-equivalent basis for the fourth quarter of 2010 increased 49 basis points to 4.18% compared to 3.69% for the fourth quarter of 2009. For the year ended December 31, 2010, net interest margin on a tax-equivalent basis increased 32 basis points to 4.11% compared to 3.79% for the prior year.

The increases in net interest income and net interest margin for the quarter and year can be attributed to declines in the cost of interest-bearing liabilities, primarily time deposits and Federal Home Loan Bank (FHLB) borrowings, exceeding the declines in yields on total interest-earnings assets. The Corporation has continued to experience core deposit growth which has allowed the Corporation to continue to repay its maturing FHLB advances which were $92 million at December 31, 2009 and $5 million at December 31, 2010.

Non-Interest Income

Total non-interest income increased by $449 thousand or 5.09% to $9.3 million for the quarter compared to $8.8 million for the quarter ended December 31, 2009. This increase was primarily due to increased trust fee income of $169 thousand; investment advisory commission and fee income of $166 thousand; insurance commission and fee income of $226 thousand; and other income of $1.1 million, primarily due to increases in interchange fee income and favorable valuation adjustments on mortgage servicing rights. During the quarter, the Corporation reversed $412 thousand of negative valuation adjustments on mortgage servicing rights recorded during the third quarter as interest rates increased during the quarter which in turn slowed down pre-payment speeds on mortgages serviced by the Corporation. Additionally, the fourth quarter of 2009 was impacted by $761 thousand of other-than-temporary impairment charges on certain bank equity securities and other long-lived assets compared to $3 thousand in the fourth quarter of 2010. These favorable variances were partially offset by a reduction in the net gain on sales of securities of $1.0 million and a $447 thousand net gain on the interest rate swap recorded during the fourth quarter of 2009.

Non-interest income was negatively impacted during the fourth quarter as a result of the challenging economic climate and increased regulatory requirements. The negative affects from the implementation of Regulation E on August 15, 2010, which requires customers to opt-in for overdraft protection on debit card and point of sale transactions, were realized for the first time for an entire quarter, significantly contributing to the decline of $520 thousand on Univest’s service charges on deposit accounts compared to the fourth quarter of the prior year.

Total non-interest income for the year ended December 31, 2010 increased $4.5 million or 15.04% to $34.4 million compared to $29.9 million for the year ended December 31, 2009. This increase was due to increased trust fee income of $544 thousand; investment advisory commission and fee income of $1.2 million; insurance commissions and fee income of $613 thousand; net gain on mortgage banking activities of $582 thousand and other income of $2.2 million, primarily related to interchange fee income; a litigation settlement during the first quarter of 2010; mortgage servicing fee income; and gains on the sales of terminated leases. Additionally, the increase resulted from a decline by $2.1 million in other-than-temporary impairment charges.

These increases were offset by a decline in service charges on deposit accounts in part due to Regulation E of $343 thousand, a reduction in the net gain on sales of securities of $718 thousand and a loss of $1.1 million related to a fair value write-down on an interest rate swap for a commercial real estate loan due to the decline in interest rates during the year. The swap was terminated during August 2010 due to the forecasted low interest rate environment.

Non-Interest Expense

Non-interest expense for the fourth quarter of 2010 decreased $1.3 million or 7.32% to $16.2 million, primarily due to a decline of $776 thousand in salaries and benefits as a result of reduced pension plan expenses and a change in the valuation of the Corporation’s non-qualified pension plans of $433 thousand. This was partially offset by additional staffing to support additional personnel to grow the commercial lending and mortgage banking businesses.

Non-interest expense increased $2.0 million, or 3.10% for the year ended December 31, 2010. Salaries and benefits increased $612 thousand as a result of additional personnel to grow the commercial lending and mortgage banking businesses and higher restricted stock expense partially offset by reduced pension plan expenses. Equipment expense increased $373 thousand and marketing and advertising expenses increased $478 thousand during the year primarily to support a major brand campaign to position the Corporation to take advantage of the disruption in the local markets. Other expenses increased primarily due to increased legal fees resulting from non-performing loan activity and increased audit and interchange expenses.

Asset Quality and Provision for Loan and Lease Losses

Non-accrual loans and leases were $45.2 million at December 31, 2010 compared to $33.0 million at September 30, 2010 and $33.5 million at December 31, 2009. Nonperforming loans and leases as a percentage of total loans and leases equaled 3.16% at December 31, 2010 compared to 2.37% at September 30, 2010 and 2.65% at December 31, 2009. The increase in non-accrual loans was primarily due to the migration of four relationships to non-accrual status. These relationships were not concentrated in any one industry and consisted of hotel/office space; investment commercial real estate; a construction company; and a manufacturing company.

Net loan and lease charge-offs for the quarter were $4.3 million compared to $5.8 million for the previous three months. For the year ended December 31, 2010, net loan and lease charge-offs were $15.5 million or 1.07% of average loans and leases compared to $9.2 million or 0.63% for the year ended December 31, 2009.

The provision for loan and lease losses was $6.3 million for the fourth quarter of 2010 compared to $5.5 million for the third quarter of 2010 and $7.4 million for the corresponding quarter in the prior year. For the year ended December 31, 2010, the provision for loan and lease losses was $21.6 million compared to $20.9 million for the prior year. The increase in the provision is due to the migration of loans to higher-risk ratings as a result of deterioration of underlying collateral and economic factors.

As a result of the increased provision, the allowance for loan and lease losses as a percentage of total loans and leases increased to 2.10% at December 31, 2010 from 1.97% at September 30, 2010 and 1.74% at December 31, 2009. The allowance for loan and lease losses to nonperforming loans and leases equaled 66.48% at December 31, 2010 which decreased from 83.10% at September 30, 2010. The allowance for loan and lease losses to nonperforming loans and leases was 65.54% at December 31, 2009.

Capital

Univest continues to remain well-capitalized at December 31, 2010. Univest’s total risk-based capital at December 31, 2010 was 15.47%, well in excess of the regulatory minimum for well capitalized status of 10% for total risk-based capital.

Dividend

On January 3, 2011, Univest Corporation paid a quarterly cash dividend of $0.20 per share, which represented a 4.05% annualized yield based on the closing price of Univest’s stock on the date the dividend was paid.

About Univest Corporation

Headquartered in Souderton, Pa., Univest Corporation of Pennsylvania (www.univest.net) and its subsidiaries serve the financial needs of residents, businesses, and nonprofit organizations in Bucks, Chester, Montgomery and Lehigh counties. For more information on Univest Corporation of Pennsylvania and its subsidiaries, please visitwww.univest.net.

# # #

This press release of Univest Corporation and the reports Univest Corporation files with the Securities and Exchange Commission often contain “forward-looking statements” relating to present or future trends or factors affecting the banking industry and, specifically, the financial operations, markets and products of Univest Corporation. These forward-looking statements involve certain risks and uncertainties. There are a number of important factors that could cause Univest Corporation’s future results to differ materially from historical performance or projected performance. These factors include, but are not limited to: (1) a significant increase in competitive pressures among financial institutions; (2) changes in the interest rate environment that may reduce net interest margins; (3) changes in prepayment speeds, loan sale volumes, charge-offs and loan loss provisions; (4) general economic conditions; (5) legislative or regulatory changes that may adversely affect the businesses in which Univest Corporation is engaged; (6) technological issues which may adversely affect Univest Corporation’s financial operations or customers; (7) changes in the securities markets or (8) risk factors mentioned in the reports and registration statements Univest Corporation files with the Securities and Exchange Commission. Univest Corporation undertakes no obligation to revise these forward-looking statements or to reflect events or circumstances after the date of this press release.

Univest Corporation of Pennsylvania
Consolidated Selected Financial Data
December 31, 2010

(Dollars in thousands)

Balance Sheet (Period End)	12/31/10		09/30/10		06/30/10		03/31/10		12/31/09
Assets	$	2,133,893	$	2,114,204	$	2,088,572	$	2,064,822	$	2,085,421
Securities		467,024		420,998		434,677		436,368		420,045
Loans held for sale		4,178		3,801		2,485		1,165		1,693
Loans and leases, gross		1,471,186		1,467,382		1,449,147		1,427,805		1,425,980
Allowance for loan and lease losses		30,898		28,883		29,109		27,065		24,798
Loans and leases, net		1,440,288		1,438,499		1,420,038		1,400,740		1,401,182
Total deposits		1,686,270		1,677,641		1,609,772		1,572,681		1,564,257
Non-interest bearing deposits		271,125		272,805		255,880		246,909		242,691
NOW, Money Market and Savings		997,395		969,254		924,242		894,799		871,024
Time deposits		417,750		435,582		429,650		430,973		450,542
Borrowings		143,865		128,905		171,824		187,637		214,063
Shareholders’ equity		266,224		270,773		269,524		267,850		267,807

	For the three months ended,										For the twelve months ended,
Balance Sheet (Average)	12/31/10		09/30/10		06/30/10		03/31/10		12/31/09		12/31/10		12/31/09
Assets	$	2,125,112	$	2,117,708	$	2,090,930	$	2,038,739	$	2,096,945	$	2,093,422	$	2,083,447
Securities		449,031		431,193		442,902		409,188		454,097		433,182		433,980
Loans and leases, gross		1,461,766		1,459,820		1,425,278		1,420,830		1,438,880		1,442,085		1,453,174
Deposits		1,689,701		1,642,613		1,606,621		1,537,676		1,553,308		1,619,634		1,554,230
Shareholders’ equity		271,945		271,045		269,902		269,030		267,644		270,490		230,395

Asset Quality Data (Period End)	12/31/10			09/30/10			06/30/10			03/31/10			12/31/09
Nonaccrual loans and leases	$	45,232		$	33,043		$	29,541		$	34,856		$	33,498
Accruing loans and leases 90 days or more past due		696			899			1,276			303			726
Troubled debt restructured		550			813			1,499			1,691			3,611
Other real estate owned		2,438			1,557			1,827			2,453			3,428
Nonperforming assets		48,916			36,312			34,143			39,303			41,263
Allowance for loan and lease losses		30,898			28,883			29,109			27,065			24,798
Nonperforming loans and leases / Loans and leases		3.16	%		2.37	%		2.23	%		2.58	%		2.65	%
Allowance for loan and lease losses / Loans and leases		2.10	%		1.97	%		2.01	%		1.90	%		1.74	%
Allowance for loan and lease losses / Nonperforming loans		66.48	%		83.10	%		90.08	%		73.45	%		65.54	%

	For the three months ended,															For the twelve months ended,
	12/31/10			09/30/10			06/30/10			03/31/10			12/31/09			12/31/10			12/31/09
Net loan and lease charge-offs	$	4,261		$	5,755		$	2,821		$	2,628		$	4,595		$	15,465		$	9,206
Net loan and lease charge-offs (annualized)/Average loans and leases		1.16	%		1.56	%		0.79	%		0.75	%		1.27	%		1.07	%		0.63	%

Univest Corporation of Pennsylvania
Consolidated Selected Financial Data
December 31, 2010

(Dollars in thousands, except per share data)

	For the three months ended,															For the twelve months ended,
For the period:	12/31/10			09/30/10			06/30/10			03/31/10			12/31/09			12/31/10			12/31/09
Interest income	$	22,580		$	23,060		$	22,878		$	22,485		$	23,184		$	91,003		$	96,359
Interest expense		3,380			4,107			4,602			5,380			6,409			17,469			28,723
Net interest income		19,200			18,953			18,276			17,105			16,775			73,534			67,636
Provision for loan and lease losses		6,276			5,529			4,865			4,895			7,449			21,565			20,886
Net interest income after provision		12,924			13,424			13,411			12,210			9,326			51,969			46,750
Noninterest income:
Trust fee income		1,630			1,450			1,500			1,500			1,461			6,080			5,536
Service charges on deposit accounts		1,466			1,633			1,812			1,782			1,986			6,693			7,036
Investment advisory commission and fee income		1,191			1,227			1,152			1,056			1,025			4,626			3,427
Insurance commissions and fee income		1,740			1,815			1,896			2,243			1,514			7,694			7,081
Bank owned life insurance income		410			326			202			332			351			1,270			1,321
Other-than-temporary impairment		(3	)		(12	)		(42	)		(5	)		(761	)		(62	)		(2,208	)
Net gain (loss) on sales of securities		6			339			38			49			1,023			432			1,150
Net gain on mortgage banking activities		779			1,246			475			460			847			2,960			2,378
Net (loss) gain on interest rate swap		—			(246	)		(516	)		(310	)		447			(1,072	)		641
Other income		2,049			1,106			1,542			1,100			926			5,797			3,555
Total noninterest income		9,268			8,884			8,059			8,207			8,819			34,418			29,917
Noninterest expense
Salaries and benefits		8,979			9,775			9,469			9,811			9,755			38,034			37,422
Premises and equipment		2,351			2,435			2,209			2,292			2,138			9,287			8,712
Deposit insurance premiums		712			698			663			597			599			2,670			3,185
Other expense		4,148			4,263			4,568			4,379			4,976			17,358			16,005
Total noninterest expense		16,190			17,171			16,909			17,079			17,468			67,349			65,324
Income before taxes		6,002			5,137			4,561			3,338			677			19,038			11,343
Applicable income taxes		1,093			990			831			368			(845	)		3,282			563
Net income	$	4,909		$	4,147		$	3,730		$	2,970		$	1,522		$	15,756		$	10,780
Per Common Share Data:
Book value per share	$	15.99		$	16.29		$	16.25		$	16.17		$	16.27		$	15.99		$	16.27
Net income per share:
Basic	$	0.30		$	0.25		$	0.23		$	0.18		$	0.09		$	0.95		$	0.75
Diluted	$	0.30		$	0.25		$	0.23		$	0.18		$	0.09		$	0.95		$	0.75
Dividends per share	$	0.20		$	0.20		$	0.20		$	0.20		$	0.20		$	0.80		$	0.80
Weighted average shares outstanding		16,645,115			16,621,291			16,589,657			16,535,461			16,464,824			16,598,284			14,347,104
Period end shares outstanding		16,648,303			16,626,900			16,590,710			16,561,807			16,465,083			16,648,303			16,465,083

Univest Corporation of Pennsylvania
Consolidated Selected Financial Data
December 31, 2010

	For the three months ended,															For the twelve months ended,
	12/31/10			09/30/10			06/30/10			03/31/10			12/31/09			12/31/10			12/31/09
Profitability Ratios (annualized)
Return on average assets		0.92	%		0.78	%		0.72	%		0.59	%		0.29	%		0.75	%		0.52	%
Return on average shareholders’ equity		7.16	%		6.07	%		5.54	%		4.48	%		2.26	%		5.82	%		4.68	%
Net interest margin (FTE)		4.18	%		4.15	%		4.11	%		3.99	%		3.69	%		4.11	%		3.79	%
Efficiency ratio (1)		54.20	%		58.88	%		61.32	%		64.33	%		65.35	%		59.52	%		63.88	%
Capitalization Ratios
Dividends paid to net income		67.85	%		80.15	%		88.95	%		111.55	%		216.43	%		84.31	%		109.33	%
Shareholders’ equity to assets (Period End)		12.48	%		12.81	%		12.90	%		12.97	%		12.84	%		12.48	%		12.84	%
Tangible common equity to tangible assets		10.08	%		10.46	%		10.51	%		10.55	%		10.44	%		10.08	%		10.44	%
Regulatory Capital Ratios (Period End)
Tier 1 leverage ratio		11.54	%		11.51	%		11.57	%		11.82	%		11.46	%		11.54	%		11.46	%
Tier 1 risk-based capital ratio		14.17	%		14.14	%		14.25	%		14.44	%		14.41	%		14.17	%		14.41	%
Total risk-based capital ratio		15.47	%		15.45	%		15.58	%		15.78	%		15.76	%		15.47	%		15.76	%

(1) Total operating expenses to net interest income before loan loss provision plus non-interest income adjusted for tax equivalent income.

Distribution of Assets, Liabilities and Shareholders’ Equity: Interest Rates and Interest Differential
	For the Three Months Ended December 31,
	2010								2009
	Average			Income/		Average			Average			Income/			Average
Tax Equivalent Basis	Balance			Expense		Rate			Balance			Expense			Rate
Assets:
Interest-earning deposits with other banks	$	24,975		$	22		0.35	%	$	11,706		$	8			0.27	%
U.S. Government obligations		176,910			829		1.86			126,261			864			2.71
Obligations of state and political subdivisions		109,902			1,718		6.20			107,722			1,684			6.20
Other debt and equity securities		162,219			1,576		3.85			220,114			2,400			4.33
Total interest-earning deposits and investments		474,006			4,145		3.47			465,803			4,956			4.22
Commercial, financial, and agricultural loans		427,828			5,330		4.94			414,338			4,817			4.61
Real estate—commercial and construction loans		552,262			7,648		5.49			527,559			7,260			5.46
Real estate—residential loans		252,836			2,681		4.21			273,366			3,087			4.48
Loans to individuals		43,261			644		5.91			47,470			820			6.85
Municipal loans and leases		117,028			1,758		5.96			93,669			1,362			5.77
Lease financings		68,551			1,555		9.00			82,478			1,828			8.79
Gross loans and leases		1,461,766			19,616		5.32			1,438,880			19,174			5.29
Total interest-earning assets		1,935,772			23,761		4.87			1,904,683			24,130			5.03
Cash and due from banks		34,326								39,521
Reserve for loan and lease losses		(29,413	)							(23,663	)
Premises and equipment, net		34,932								33,643
Other assets		149,495								142,761
Total assets	$	2,125,112							$	2,096,945
Liabilities:
Interest-bearing checking deposits	$	181,357		$	62		0.14		$	166,778		$	58			0.14
Money market savings		336,161			228		0.27			282,040			337			0.47
Regular savings		466,162			535		0.46			382,980			744			0.77
Time deposits		428,720			2,061		1.91			486,326			3,768			3.07
Total time and interest-bearing deposits		1,412,400			2,886		0.81			1,318,124			4,907			1.48
Securities sold under agreements to repurchase		96,143			72		0.30			101,140			129			0.51
Other short-term borrowings		5,698			62		4.32			98,803			1,068			4.29
Long-term debt		5,000			48		3.81			10,640			(14	)		(0.52	)
Subordinated notes and capital securities		24,365			312		5.08			25,865			320			4.91
Total borrowings		131,206			494		1.49			236,448			1,503			2.52
Total interest-bearing liabilities		1,543,606			3,380		0.87			1,554,572			6,410			1.64
Demand deposits, non-interest bearing		277,301								235,184
Accrued expenses and other liabilities		32,260								39,545
Total liabilities		1,853,167								1,829,301
Shareholders’ Equity
Common stock		91,332								91,332
Additional paid-in capital		61,420								61,426
Retained earnings and other equity		119,193								114,886
Total shareholders’ equity		271,945								267,644
Total liabilities and shareholders’ equity	$	2,125,112							$	2,096,945
Net interest income				$	20,381							$	17,720
Net interest spread							4.00									3.39
Effect of net interest-free funding sources							0.18									0.30
Net interest margin							4.18	%								3.69	%
Ratio of average interest-earning assets to average interest-bearing liabilities		125.41	%							122.52	%

Notes:	For rate calculation purposes, average loan and lease categories include unearned discount.
	Nonaccrual loans and leases have been included in the average loan and lease balances.
	Loans held for sale have been included in the average loan balances.
	Tax-equivalent amounts for the three months ended December 31, 2010 and 2009 have been calculated using the Corporation’s federal applicable rate of 35.0% and 34.5%, respectively.

Distribution of Assets, Liabilities and Shareholders’ Equity: Interest Rates and Interest Differential
	For the Twelve Months Ended December 31,
	2010								2009
	Average			Income/		Average			Average			Income/		Average
Tax Equivalent Basis	Balance			Expense		Rate			Balance			Expense		Rate
Assets:
Interest-earning deposits with other banks	$	24,790		$	72		0.29	%	$	5,645		$	16		0.28	%
U.S. Government obligations		151,725			3,160		2.08			110,781			3,608		3.26
Obligations of state and political subdivisions		108,694			7,006		6.45			104,481			6,890		6.59
Other debt and equity securities		172,763			7,217		4.18			218,660			10,406		4.76
Federal funds sold		—			—		—			58			—		—
Total interest-earning deposits, investments and federal funds sold		457,972			17,455		3.81			439,625			20,920		4.76
Commercial, financial, and agricultural loans		422,401			20,315		4.81			410,729			18,838		4.59
Real estate—commercial and construction loans		534,573			30,834		5.77			521,029			30,549		5.86
Real estate—residential loans		256,427			11,124		4.34			291,229			13,520		4.64
Loans to individuals		45,287			2,698		5.96			49,930			3,440		6.89
Municipal loans and leases		107,524			6,409		5.96			90,065			5,444		6.04
Lease financings		75,873			6,690		8.82			90,192			7,655		8.49
Gross loans and leases		1,442,085			78,070		5.41			1,453,174			79,446		5.47
Total interest-earning assets		1,900,057			95,525		5.03			1,892,799			100,366		5.30
Cash and due from banks		35,612								33,514
Reserve for loan and lease losses		(28,688	)							(18,200	)
Premises and equipment, net		34,914								33,170
Other assets		151,527								142,164
Total assets	$	2,093,422							$	2,083,447
Liabilities:
Interest-bearing checking deposits	$	178,679		$	242		0.14		$	162,615		$	257		0.16
Money market savings		303,012			1,060		0.35			305,113			1,724		0.57
Regular savings		445,721			2,555		0.57			353,748			2,955		0.84
Time deposits		432,919			10,054		2.32			508,337			17,371		3.42
Total time and interest-bearing deposits		1,360,331			13,911		1.02			1,329,813			22,307		1.68
Securities sold under agreements to repurchase		97,667			390		0.40			91,390			544		0.60
Other short-term borrowings		42,109			1,726		4.10			92,209			2,937		3.19
Long-term debt		5,363			190		3.54			48,979			1,640		3.35
Subordinated notes and capital securities		24,927			1,252		5.02			26,427			1,295		4.90
Total borrowings		170,066			3,558		2.09			259,005			6,416		2.48
Total interest-bearing liabilities		1,530,397			17,469		1.14			1,588,818			28,723		1.81
Demand deposits, non-interest bearing		259,303								224,417
Accrued expenses and other liabilities		33,232								39,817
Total liabilities		1,822,932								1,853,052
Shareholders’ Equity
Common stock		91,332								80,969
Additional paid-in capital		61,420								37,844
Retained earnings and other equity		117,738								111,582
Total shareholders’ equity		270,490								230,395
Total liabilities and shareholders’ equity	$	2,093,422							$	2,083,447
Net interest income				$	78,056							$	71,643
Net interest spread							3.89								3.49
Effect of net interest-free funding sources							0.22								0.30
Net interest margin							4.11	%							3.79	%
Ratio of average interest-earning assets to average interest-bearing liabilities		124.15	%							119.13	%

Notes:	For rate calculation purposes, average loan and lease categories include unearned discount.
	Nonaccrual loans and leases have been included in the average loan and lease balances.
	Loans held for sale have been included in the average loan balances.
	Tax-equivalent amounts for the twelve months ended December 31, 2010 and 2009 have been calculated using the Corporation’s federal applicable rate of 35.0% and 34.5%, respectively.