First Place Financial 8-K First Quarter Dividend of $0.14 Declared

Exhibit 99.1

For Release: July 21, 2005	For Further Information:
	Steven R. Lewis, President & CEO
	Paul S. Musgrove, CFO
	(330) 373-1221

First Place Financial Corp. Reports Record Fiscal Year Earnings;

EPS up 19.3% over Prior Year

First Quarter Dividend of $0.14 Declared

Highlights

• Fiscal year 2005 net income increased 33.8% over the fiscal year 2004 period to $18.9 million; core earnings increase 37.1%

• EPS up 19.3% over prior year; core EPS up 21.7%.

• Current quarter net income increased 290.5% over prior-year period to $6.0 million; core earnings for the quarter up 102.6%.

• Commercial loan balances up 40.9% over prior year.

• Mortgage banking volumes remain strong, origination volume up 7.4% over prior year.

• Asset quality remains sound and stable, net charge-offs and nonperforming loans as a percent of loans down from prior year levels.

• Board of Directors declares $0.14 per share cash dividend.

Summary

Warren, Ohio, July 21, 2005 — First Place Financial Corp. (Nasdaq: FPFC) reported net income of $18.9 million for the fiscal year ended June 30, 2005 compared with $14.2 million for the fiscal year ended June 30, 2004, an increase of 33.8%. Diluted earnings per share were $1.30 for fiscal 2005 and $1.09 for fiscal 2004, an increase of 19.3%. Return on average equity for fiscal 2005 was 8.29% compared with 7.46% for fiscal 2004. Return on tangible average equity for fiscal 2005 was 12.15% compared with 8.72% for fiscal 2004. For the fourth quarter of fiscal year 2005, First Place Financial Corp. reported net income of $6.0 million and diluted earnings per share of $0.41, compared with $6.6 million and $0.45 in the preceding quarter and $1.5 million and $0.11 in the fourth quarter of fiscal year 2004. The results of the fourth quarter of fiscal 2005 and the full fiscal year 2005 were positively impacted by the acquisition of Franklin Bancorp Inc. on May 28, 2004.

The information above is based on Generally Accepted Accounting Principles (GAAP). In addition we provide information based on Core earnings. Core earnings are a non-GAAP financial measure which excludes certain nonrecurring income and expense. See the Explanation of Certain Non-GAAP Measures paragraph below for a more detailed explanation of core earnings and how they may be a useful measure. There were two transactions in the current year and a category of expense in the prior year which were excluded from core earnings due to their unusual or nonrecurring nature. Fiscal year and second quarter 2005 results include a non-cash charge of $5.2 million to record other-than-temporary impairment on Fannie Mae and Freddie Mac preferred stock. This charge decreased net income by $3.4 million or $0.23 per diluted share. Fiscal year and third quarter 2005 net income included receipt of a $1.0 million payment representing the proceeds of a life insurance policy on a former First Place Financial Corp. executive. This payment was not subject to federal income tax and accordingly increased net income by $1.0 million, or $0.07 per diluted share. Fiscal 2004 and fourth quarter 2004 results included a $2.2 million merger, integration and restructuring charge associated with the Franklin acquisition. This charge decreased net income by $1.4 million or $0.11 per diluted share.

Core earnings for fiscal years 2005 and 2004 were $21.3 million and $15.6 million, respectively, an increase of 37.1%. Core earnings were $1.46 per diluted share for fiscal 2005 compared with $1.20 for the prior fiscal year, a 21.7% improvement. Core return on average equity for fiscal 2005 was 9.35% compared with 8.21% for fiscal 2004. Core return on average tangible equity for fiscal 2005 was 13.70% compared with 9.59% for fiscal 2004.

On a quarterly basis, core earnings were $6.0 million for the fourth quarter of 2005, up 102.6% from the prior-year fourth quarter and up 6.6% from core earnings of $5.6 million reported for the preceding 2005 quarter. On a per diluted share basis, fourth quarter core earnings were $0.41, an 86.4% increase over the $0.22 reported for the fourth quarter of 2004, and an increase of 7.9% over the $0.38 reported for the preceding 2005 quarter.

Commenting on these results, Steven R. Lewis, President and CEO said, “We are pleased to report another record fiscal year, along with an increase in core earnings for the fourth quarter in a row. Our financial performance improved significantly during the course of the year. In addition, the impact of a full year of the Franklin division’s operations has contributed to our transition into a diversified banking franchise with a balanced loan mix and a varied and stable source of deposit funding. We have created additional opportunities to expand our revenue stream as we strengthen relationships with new and existing customers by leveraging our full line of commercial and consumer products and by expanding geographically. Geographic expansion during fiscal year 2005 included the opening of three new lending centers in high-growth areas in Michigan and Indiana. We plan for these lending centers to eventually provide an expanded array of services to customers within the communities they serve.”

Mr. Lewis continued, “Fiscal 2005 has been our most successful year ever in the lending area. Our expansion of commercial lending in the Cleveland, Ohio and Southeastern Michigan markets has been very successful. Commercial loans have grown 40.9% over the past year to $716 million at June 30, 2005 and now represent 39.1% of total loans. Mortgage banking continues to be a vital part of our business. We originated $1.387 billion in residential mortgages in fiscal 2005, an increase of 7.4% from $1.292 billion in fiscal 2004 while many of our competitors were experiencing double-digit decreases in originations.”

Revenue

Fiscal year 2005 net interest income increased 49.5% over the prior year, to $72.0 million. The increase reflected 42.2% growth in average earning assets and a 13 basis point improvement in the net interest margin, to 3.33%. Mr. Lewis commented, “The Franklin acquisition in the fourth quarter of 2004 increased earning assets and improved our asset mix. We are particularly pleased to see the quarterly improvement throughout 2005, which has all been organically-driven.” Net interest income for the fourth quarter of 2005 increased 2.9% over the preceding quarter and 49.2% over the prior-year quarter, to $19.1 million. Improvement from the previous quarter reflects 3.5% growth in average earning assets partially offset by a two basis point decrease in the net interest margin to 3.35%.

Noninterest income decreased 11.7% to $19.9 million in the year ended June 30, 2005 from $22.5 million for the prior year ended June 30, 2004. The decrease was due primarily to a charge for other-than-temporary impairment of securities and a decline in the gain on the sale of loans partially offset by increases in service charges and other income generated by the Bank. During the second quarter of fiscal 2005 the Company recorded a charge of $5.2 million as other-than-temporary impairment of Fannie Mae and Freddie Mac preferred stock. Net gains on the sale of loans were $5.9 million for the current fiscal year compared with $8.5 million for fiscal year 2004. Service charges for the current fiscal year increased 56.5% over fiscal year 2004, reaching $9.1 million. Other income from banking increased 199.5%, to $3.1 million. That increase included receipt of a $1.0 million payment during the third quarter of fiscal 2005 representing the proceeds of a life insurance policy on a former Company executive. Core noninterest income, which excludes the other-than-temporary impairment charge of $5.2 million for the second quarter of fiscal 2005 and the $1.0 million life insurance payment for the third quarter of fiscal 2005 was $24.1 million, an increase of 7.2% over the prior fiscal year.

Noninterest income for the fourth quarter of fiscal year 2005 was $6.1 million compared with $7.4 million for the previous quarter, and $5.7 million for the fourth quarter of fiscal year 2004. The increase from the prior fiscal year fourth quarter was primarily due to an increase in service charge income partially offset by a decline in loan servicing income. Service charge income increased $0.5 million or 30.7% to $2.3 million. Loan servicing income was a net loss of $136,000 for the quarter ended June 30, 2005 compared to income of $197,000 in the prior year quarter due to an increase in the allowance for impairment of servicing rights in the current quarter and a decrease in the allowance for impairment of servicing rights in the prior year quarter. Excluding the $1.0 million life insurance payment from the previous quarter, core noninterest income for the fourth quarter declined $0.3 million or 5.1% from the previous quarter, primarily from a lower level of net gain on sale of loans.

Noninterest Expense

Noninterest expense for fiscal year 2005 increased $16.2 million or 35.6% to $61.5 million compared with $45.3 million for fiscal year 2004. Excluding $2.2 million in pre-tax merger and restructuring charges incurred in fiscal year 2004 for the Franklin acquisition, core noninterest expense increased 42.5%. Growth in noninterest expense reflects the Franklin acquisition as well as expansion into new markets. Salaries, benefits, occupancy and equipment together increased 39.3% from the prior fiscal year to $39.3 million, and comprised the majority of noninterest expense. The efficiency ratio was 66.28% for fiscal year 2005 compared with 63.28% last fiscal year. The core efficiency ratio, which excludes the third quarter fiscal 2005 life insurance proceeds, the second quarter 2005 fiscal 2005 charge for other-than-temporary impairment of securities, and merger-related charges incurred in the fourth quarter of 2004, was 63.39% for fiscal year 2005 compared with 60.24% for fiscal year 2004.

Noninterest expense for the fourth quarter of fiscal year 2005 was $16.0 million, an increase of 1.7% from the $15.7 million reported for the preceding quarter and an increase of 14.6% from the $14.0 million reported for the prior-year fourth quarter. This increase was also primarily related to the Franklin acquisition as the noninterest expenses of Franklin were included for one month of the prior year fourth quarter compared to three months in the current fiscal year fourth quarter. The efficiency ratio was 62.96% for the current quarter compared with 60.06% for the preceding quarter and 74.51% for the fourth quarter of fiscal year 2004. The core efficiency ratio, which excludes the merger-related charges in fiscal 2004, was 62.96% for the current quarter compared with 62.45% for the preceding quarter and 62.91% for the fourth quarter of fiscal 2004.

Asset Quality

Net charge-offs as a percent of average loans were 0.11% for fiscal 2005 compared with 0.23% for fiscal 2004. Mr. Lewis commented, “It was an outstanding achievement for First Place to reduce charge-offs to less than half the rate in the prior year. It is even more admirable that we have been able to reduce charge-offs as a percent of loans for four years in a row. In addition, we were able to reduce nonperforming loans as a percent of loans and nonperforming assets as a percent of assets.” Nonperforming loans were 0.69% of total loans at June 30, 2005 compared with 0.78% a year earlier. Nonperforming assets were 0.62% of total assets compared with 0.65% a year earlier. Mr. Lewis went on to say, “This positive trend in asset quality has been reflected in our evaluation of the level of the allowance for loan losses at year-end.” At June 30, 2005, the allowance for loan losses was $18.3 million, or 1.00% of period-end loans compared with $17.9 million or 1.03% at March 31, 2005 and $16.5 million or 1.10% at June 30, 2004.

For the fourth quarter of fiscal year 2005, net charge-offs were $547,000, or 0.12% of average loans annualized, compared with $602,000 or 0.14% annualized for the previous quarter and $1.0 million or 0.34% annualized for the fourth quarter of 2004. The provision for loan losses was $0.9 million in the current quarter compared with $0.9 million for the previous quarter of fiscal 2005, and $2.5 million in the prior-year fourth quarter.

Balance Sheet Activity

Assets totaled $2.5 billion at June 30, 2005, an increase of 11.2% or $252 million from the 2004 fiscal year-end. Securities decreased $82 million during the year to $296 million at June 30, 2005 and provided a portion of the funding for the increase in loans. Portfolio loans totaled $1.8 billion at June 30, 2005, a 22.2% increase from $1.5 billion at June 30, 2004. Of this total, commercial loans increased $208 million, or 40.9%, to $716 million. Commercial loans now constitute 39.1% of the loan portfolio. During the same period, mortgage loans increased $38 million, or 4.9%, to $827 million; most residential mortgage loans are originated for sale resulting in substantial noninterest income and minimizing interest rate risk resulting from holding fixed rate mortgages. Consumer loans increased $84 million, or 41.3%, to $288 million. More than 80% of consumer loans are secured by single-family residences. These loans include home equity loans and lines, and second mortgages. Deposits were $1.7 billion at June 30, 2005, an increase of $161 million or 10.4% from June 30, 2004. Noninterest-bearing deposits currently constitute 13.8% of the deposit portfolio. The remainder of the asset growth during the year was funded by an increase of $78 million in borrowings.

Shareholders’ equity remains strong; during the course of fiscal 2005, it grew 6.1%, reaching $237 million, equivalent to 9.47% of total assets, at June 30, 2005. As part of its capital management strategy, the Company repurchased 42,344 shares during the fourth quarter of fiscal 2005, and currently has a program in place that authorizes the repurchase of up to 450,912 shares over the next eight months.

Board Actions

At its regular meeting held July 19, 2005, the Board of Directors declared a per share cash dividend of $0.14 for the first fiscal quarter of 2006, payable on August 11, 2005 to shareholders of record as of the close of business on July 28, 2005. The Board of Directors also set October 27, 2005 as the date of the annual shareholders’ meeting.

About First Place Financial Corp.

First Place Financial Corp., a $2.5 billion financial services holding company based in Warren, Ohio, is the largest publicly-traded thrift headquartered in Ohio. First Place Financial Corp. includes First Place Bank, with 21 retail locations, 2 business financial service centers and 11 loan production offices; Franklin Bank, a division of First Place Bank, with 5 retail locations and 4 loan production offices; First Place Insurance Agency, Ltd.; Coldwell Banker First Place Real Estate, Ltd.; TitleWorks Agency, LLC and APB Financial Group, Ltd., an employee benefit consulting firm and specialists in wealth management services for businesses and consumers. Additional information about First Place Financial Corp. may be found on the Company’s web site:www.firstplace.net.

Explanation of Certain Non-GAAP Measures

This press release contains certain financial information determined by methods other than with Generally Accepted Accounting Principles (GAAP). Specifically, we have provided financial measures which are based on core earnings rather than net income. Ratios and other financial measures with the word “core” in their title were computed using core earnings rather than net income. Core earnings excludes merger, integration and restructuring expense; extraordinary income or expense; income or expense from discontinued operations; and income, expense, gains and losses that are not reflective of ongoing operations or that we do not expect to reoccur. We believe that this information is useful to both investors and to management and can aid them in understanding the Company’s current performance, performance trends and financial condition. While core earnings can be useful in evaluating current performance and projecting current trends into the future, we do not believe that core earnings are a substitute for GAAP net income. We encourage investors and others to use core earnings as a supplemental tool for analysis and not as a substitute for GAAP net income. Our non-GAAP measures may not be comparable to the non-GAAP measures of other companies. In addition, future results of operations may include nonrecurring items that would not be included in core earnings. A reconciliation from GAAP net income to the non-GAAP measure of core earnings is shown in the consolidated financial highlights.

Forward-Looking Statements

When used in this press release, or future press releases or other public or shareholder communications, in filings by First Place Financial Corp. (the Company) with the Securities and Exchange Commission, or in oral statements made with the approval of an authorized executive officer, the words or phrases “will likely result,” “are expected to,” “will continue,” “is anticipated,” “estimate,” “project” or similar expressions are intended to identify “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements involve known and unknown risks, uncertainties and other factors, which may cause the Company’s actual results to be materially different from those indicated. Such statements are subject to certain risks and uncertainties including changes in economic conditions in the market areas the Company conducts business, which could materially impact credit quality trends, changes in laws, regulations or policies of regulatory agencies, fluctuations in interest rates, demand for loans in the market areas the Company conducts business, and competition, that could cause actual results to differ materially from historical earnings and those presently anticipated or projected. The Company wishes to caution readers not to place undue reliance on any such forward-looking statements, which speak only as of the date made. The Company undertakes no obligation to publicly release the result of any revisions that may be made to any forward-looking statements to reflect events or circumstances after the date of such statements or to reflect the occurrence of anticipated or unanticipated events.

FIRST PLACE FINANCIAL CORP.

CONSOLIDATED STATEMENTS OF INCOME

(Unaudited)

	Three months ended June 30,					Percent Change		Year ended June 30,					Percent Change
(Dollars in thousands, except share data)	2005			2004				2005			2004
Interest income	$	33,133		$	22,593	46.7	%	$	121,502		$	85,773	41.7	%
Interest expense		13,994			9,766	43.3			49,490			37,605	31.6
Net interest income		19,139			12,827	49.2			72,012			48,168	49.5
Provision for loan losses		925			2,523	(63.3	)		3,509			4,896	(28.3	)
Net interest income after provision for loan losses		18,214			10,304	76.8			68,503			43,272	58.3
Noninterest income
Service charges		2,272			1,738	30.7			9,114			5,824	56.5
Net gains (losses) on sale of securities		(77	)		—	N/M			91			480	(81.0	)
Impairment of securities		—			—	—			(5,246	)		—	N/M
Net gains on sale of loans		1,495			1,513	(1.2	)		5,853			8,481	(31.0	)
Loan servicing income (loss)		(136	)		197	(169.0	)		38			11	245.5
Other income – bank		596			330	80.6			3,148			1,051	199.5
Other income – non-bank		1,922			1,930	(0.4	)		6,881			6,663	3.3
Total noninterest income		6,072			5,708	6.4			19,879			22,510	(11.7	)
Noninterest expense
Salaries and employee benefits		7,868			5,393	45.9			29,575			21,704	36.3
Occupancy and equipment		2,434			1,821	33.7			9,699			6,483	49.6
Professional fees		851			472	80.3			2,780			1,695	64.0
Loan expenses		823			669	23.0			2,419			1,629	48.5
Marketing		553			571	(3.2	)		2,314			1,235	87.4
Franchise taxes		8			420	(98.1	)		1,115			1,766	(36.9	)
Amortization of intangible assets		964			550	75.3			3,880			1,305	197.3
Merger, integration and restructuring		—			2,175	N/M			—			2,175	N/M
Other		2,509			1,904	31.8			9,712			7,341	32.3
Total noninterest expense		16,010			13,975	14.6			61,494			45,333	35.6
Income before income taxes and minority interest		8,276			2,037	306.3			26,888			20,449	31.5
Provision for income taxes		2,296			499	360.1			7,898			6,214	27.1
Minority interest in income of consolidated subsidiary		25			13	92.3			52			84	(38.1	)
Net income	$	5,955		$	1,525	290.5	%	$	18,938		$	14,151	33.8	%
SHARE DATA:
Basic earnings per share	$	0.41		$	0.11	272.7	%	$	1.32		$	1.11	18.9	%
Diluted earnings per share	$	0.41		$	0.11	272.7		$	1.30		$	1.09	19.3
Cash dividends per share	$	0.14		$	0.14	—		$	0.56		$	0.56	—
Average shares outstanding - basic		14,399,184			13,297,355	8.4			14,387,179			12,737,584	13.0
Average shares outstanding - diluted		14,606,810			13,498,784	8.4			14,623,019			12,972,409	12.7

N/M – Not meaningful

FIRST PLACE FINANCIAL CORP.

CONSOLIDATED STATEMENTS OF FINANCIAL CONDITION

(Dollars in thousands)	June 30, 2005 (Unaudited)		June 30, 2004
ASSETS
Cash and due from banks	$	52,549	$	67,350
Interest bearing deposits in other banks		—		43,901
Securities available for sale		296,314		378,248
Loans held for sale		145,053		47,465
Loans
Mortgage and construction		827,151		788,685
Commercial		715,903		507,975
Consumer		288,067		203,861
Total loans		1,831,121		1,500,521
Less allowance for loan losses		18,266		16,528
Loans, net		1,812,855		1,483,993
Federal Home Loan Bank stock		30,621		29,385
Premises and equipment, net		21,367		22,393
Goodwill		55,076		55,348
Core deposit and other intangibles		15,282		18,913
Other assets		69,826		100,084
Total Assets	$	2,498,943	$	2,247,080
LIABILITIES
Deposits
Non-interest bearing checking	$	235,840	$	239,971
Interest bearing checking		110,774		101,726
Savings		195.203		141,244
Money market		441,134		455,946
Certificates of deposit		726,388		609,124
Total deposits		1,709,339		1,548,011
Securities sold under agreements to repurchase		36,946		31,108
Borrowings		455,206		383,320
Junior subordinated deferrable interest debentures held by affiliated trusts that issued guaranteed capital securities		30,929		30,929
Other liabilities		29,867		30,602
Total Liabilities		2,262,287		2,023,970
SHAREHOLDERS’ EQUITY		236,656		223,110
Total Liabilities and Shareholders’ Equity	$	2,498,943	$	2,247,080

FIRST PLACE FINANCIAL CORP.

CONSOLIDATED FINANCIAL HIGHLIGHTS

(Unaudited)

	Most Recent Five Quarters											Year ended June 30,
(Dollars in thousands except per share data)	FY 2005 4th Qtr			FY 2005 3rd Qtr		FY 2005 2nd Qtr		FY 2005 1st Qtr		FY 2004 4th Qtr
												2005		2004
EARNINGS (GAAP)
Tax equivalent net interest income	$	19,358		18,819		17,734		16,982		13,048		72,893		49,132
Net interest income	$	19,139		18,600		17,509		16,764		12,827		72,012		48,168
Provision for loan losses	$	925		906		1,371		307		2,523		3,509		4,896
Noninterest income	$	6,072		7,400		1,095		5,312		5,708		19,879		22,510
Noninterest expense	$	16,010		15,746		14,910		14,828		13,975		61,494		45,333
Net income	$	5,955		6,590		1,636		4,757		1,525		18,938		14,151
Basic earnings per share	$	0.41		0.46		0.11		0.33		0.11		1.32		1.11
Diluted earnings per share	$	0.41		0.45		0.11		0.33		0.11		1.30		1.09
PERFORMANCE RATIOS (annualized)(GAAP)
Return on average assets		0.96	%	1.11	%	0.28	%	0.82	%	0.32	%	0.79	%	0.83	%
Return on average equity		10.18	%	11.64	%	2.88	%	8.44	%	3.02	%	8.29	%	7.46	%
Return on average tangible assets		0.99	%	1.14	%	0.28	%	0.85	%	0.33	%	0.82	%	0.84	%
Return on average tangible equity		14.63	%	16.95	%	4.26	%	12.62	%	3.78	%	12.15	%	8.72	%
Net interest margin, fully tax equivalent		3.35	%	3.37	%	3.30	%	3.30	%	3.08	%	3.33	%	3.20	%
Efficiency ratio		62.96	%	60.06	%	79.18	%	66.51	%	74.51	%	66.28	%	63.28	%
RECONCILIATION OF NET INCOME TO CORE EARNINGS
GAAP net income	$	5,955		6,590		1,636		4,757		1,525		18,938		14,151
Merger, integration and restructuring costs, net of tax	$	—		—		—		—		1,414		—		1,414
Other than temporary impairment of securities, net of tax	$	—		—		3,410		—		—		3,410		—
Tax-free proceeds from executive life insurance policy	$	—		(1,005	)	—		—		—		(1,005	)	—
Core earnings	$	5,955		5,585		5,046		4,757		2,939		21,343		15,565
CORE EARNINGS
Core earnings	$	5,955		5,585		5,046		4,757		2,939		21,343		15,565
Basic core earnings per share	$	0.41		0.39		0.35		0.33		0.22		1.48		1.22
Diluted core earnings per share	$	0.41		0.38		0.35		0.33		0.22		1.46		1.20
CORE PERFORMANCE RATIOS (annualized)
Core return on average assets		0.96	%	0.94	%	0.85	%	0.82	%	0.62	%	0.89	%	0.91	%
Core return on average equity		10.18	%	9.86	%	8.89	%	8.44	%	5.82	%	9.35	%	8.21	%
Core return on average tangible assets		0.99	%	0.97	%	0.88	%	0.85	%	0.63	%	0.92	%	0.92	%
Core return on average tangible equity		14.63	%	14.37	%	13.14	%	12.62	%	7.29	%	13.70	%	9.59	%
Core net interest margin, fully tax equivalent		3.35	%	3.37	%	3.30	%	3.30	%	3.08	%	3.33	%	3.20	%
Core efficiency ratio		62.96	%	62.45	%	61.93	%	66.51	%	62.91	%	63.39	%	60.24	%

FIRST PLACE FINANCIAL CORP.

CONSOLIDATED FINANCIAL HIGHLIGHTS

(Unaudited)

	Most Recent Five Quarters											Year ended June 30,
(Dollars in thousands except per share data)	FY 2005 4th Qtr			FY 2005 3rd Qtr		FY 2005 2nd Qtr		FY 2005 1st Qtr		FY 2004 4th Qtr
												2005		2004
CAPITAL
Equity to total assets at end of period		9.47	%	9.32	%	9.55	%	9.91	%	9.93	%	9.47	%	9.93	%
Tangible equity to tangible assets		6.85	%	6.61	%	6.72	%	6.91	%	6.85	%	6.85	%	6.85	%
Book value per share	$	15.75		15.41		15.20		15.07		14.74		15.75		14.74
Tangible book value per share	$	11.07		10.62		10.37		10.18		9.83		11.07		9.83
Period-end market value per share	$	20.09		18.30		22.39		20.00		18.59		20.09		18.59
Dividends declared per common share	$	0.14		0.14		0.14		0.14		0.14		0.56		0.56
Common stock dividend payout ratio		34.15	%	31.11	%	127.27	%	42.42	%	127.27	%	43.08	%	51.38	%
Period-end common shares outstanding (000)		15,026		14,997		14,989		14,986		15,141		15,026		15,141
Average basic shares outstanding (000)		14,417		14,382		14,350		14,417		13,297		14,387		12,738
Average diluted shares outstanding (000)		14,639		14,629		14,625		14,632		13,499		14,623		12,972
ASSET QUALITY
Net charge-offs (recoveries)	$	547		602		843		(222	)	1,023		1,771		2,477
Annualized net charge-offs (recoveries) to average loans		0.12	%	0.14	%	0.20	%	(0.06	)%	0.34	%	0.11	%	0.23	%
Nonperforming loans (NPLs)	$	12,605		12,186		11,644		10,795		11,639		12,605		11,639
NPLs as a percent of total loans		0.69	%	0.70	%	0.67	%	0.68	%	0.78	%	0.69	%	0.78	%
Nonperforming assets (NPAs)	$	15,611		15,052		14,584		14,859		14,643		15,611		14,643
NPAs as a percent of total assets		0.62	%	0.61	%	0.61	%	0.65	%	0.65	%	0.62	%	0.65	%
Allowance for loan losses	$	18,266		17,888		17,584		17,056		16,528		18,266		16,528
Allowance for loan losses as a percent of loans		1.00	%	1.03	%	1.02	%	1.08	%	1.10	%	1.00	%	1.10	%
Allowance for loan losses as a percent of NPLs		144.91	%	146.79	%	151.01	%	158.00	%	142.01	%	144.91	%	142.01	%
MORTGAGE BANKING
Mortgage originations	$	394,700		319,300		333,900		338,900		391,800		1,386,800		1,291,600
Net gains on sale of loans	$	1,495		1,934		1,687		737		1,513		5,853		8,481
Mortgage servicing portfolio	$	2,100,689		1,880,773		1,791,485		1,664,039		1,498,028		2,100,689		1,498,028
Mortgage servicing rights	$	21,013		18,797		18,053		16,844		15,343		21,013		15,343
Mortgage servicing rights valuation (loss) recovery	$	(126	)	(72	)	39		(182	)	683		(341	)	2,098
Mortgage servicing rights / Mortgage servicing portfolio		1.00	%	1.00	%	1.01	%	1.01	%	1.02	%	1.00	%	1.02	%
END OF PERIOD BALANCES
Loans	$	1,831,121		1,736,668		1,732,059		1,583,935		1,500,521		1,831,121		1,500,521
Assets	$	2,498,943		2,479,867		2,385,302		2,280,241		2,247,080		2,498,943		2,247,080
Deposits	$	1,709,339		1,657,934		1,577,659		1,529,038		1,548,011		1,709,339		1,548,011
Shareholders’ equity	$	236,656		231,103		227,835		225,861		223,110		236,656		223,110
AVERAGE BALANCES
Loans and loans held for sale	$	1,968,530		1,871,310		1,774,323		1,650,872		1,313,731		1,815,545		1,169,251
Earning assets	$	2,309,944		2,231,921		2,146,739		2,059,310		1,696,338		2,186,401		1,537,310
Assets	$	2,492,498		2,413,205		2,350,255		2,289,402		1,914,742		2,389,599		1,711,288
Deposits	$	1,690,508		1,619,214		1,569,823		1,543,838		1,279,977		1,605,541		1,149,681
Shareholders’ equity	$	234,685		229,637		225,278		223,714		203,014		228,315		189,698