Texas Capital Bancshares (TCBI) 8-K Texas Capital Bancshares Announces Operating Results for Q1 2011

Exhibit 99.1

FOR IMMEDIATE RELEASE
April 20, 2011

INVESTOR CONTACT
Myrna Vance, 214.932.6646
myrna.vance@texascapitalbank.com

TEXAS CAPITAL BANCSHARES ANNOUNCES OPERATING RESULTS FOR Q1 2011

DALLAS — April 20, 2011 — Texas Capital Bancshares, Inc. (NASDAQ: TCBI), the parent company of Texas Capital Bank, announced earnings and operating results for the first quarter of 2011.

• Net income decreased 1% on a linked quarter basis and increased 57% from Q1 2010

• EPS decreased 3% on a linked quarter basis and increased 48% for the first quarter of 2011 as compared to the same quarter of 2010

• Demand deposits grew 2% and total deposits decreased 4% on a linked quarter basis and grew 49% and 18%, respectively, from Q1 2010

• Loans held for investment remained consistent on a linked quarter basis and total loans decreased 6% on a linked quarter basis; grew 6% and 10%, respectively, from Q1 2010

“We are pleased to report another solid quarter, one in which net interest margin improved significantly,” said George Jones, CEO. “We experienced decreases in the levels of our non-performing assets and credit losses and reduced our funding costs. With our strong core earnings power, we are well-positioned to take advantage of the improving economy and the market opportunities it will afford.”

FINANCIAL SUMMARY

(dollars and shares in thousands)

	Q1 2011			Q1 2010			% Change
QUARTERLY OPERATING RESULTS(1)
Net Income	$	11,939		$	7,600			57	%
Diluted EPS	$	.31		$	.21			48	%
ROA		.78	%		.57	%
ROE		8.91	%		6.21	%
Diluted Shares		38,342			36,784
BALANCE SHEET(1)
Total Assets	$	6,061,046		$	5,499,599			10	%
Demand Deposits		1,480,695			994,096			49	%
Total Deposits		5,221,991			4,409,819			18	%
Loans Held for Investment		4,711,424			4,443,456			6	%
Total Loans		5,522,824			5,035,892			10	%
Stockholders’ Equity		544,925			499,996			9	%

(1) Operating results, assets and loans are reporting from continuing operations

DETAILED FINANCIALS

Texas Capital Bancshares, Inc. reported net income from continuing operations of $11.9 million for the quarter ended March 31, 2011, compared to $7.6 million for the first quarter of 2010. On a fully diluted basis, earnings per common share from continuing operations were $.31 for the three months ended March 31, 2011 compared to $.21 for the same period last year. The discussion below relates only to continuing operations.

Return on average equity was 8.91 percent and return on average assets was .78 percent for the first quarter of 2011, compared to 6.21 percent and .57 percent, respectively, for the first quarter of 2010.

The net interest margin in the first quarter of 2011 was 4.46 percent, a 3 basis point increase from the first quarter of 2010 and a 34 basis point increase from the fourth quarter of 2010. The year over year increase is due to a reduction in funding costs and our ability to maintain and improve spreads on our loans. On a linked quarter basis, we reported a significant increase in margin from 4.12% to 4.46%, as we continued to reduce our overall funding costs. Net interest income was $64.5 million for the first quarter of 2011, compared to $55.2 million for the first quarter of 2010. The increase was due to an increase in average earning assets of $808.3 million over levels reported in the first quarter of 2010. The increase in average earning assets included a $308.0 million increase in average loans held for investment and a $278.2 million increase in average loans held for sale, offset by a decrease of $76.1 million in average securities.

Average total deposits for the first quarter of 2011 increased by $1.0 billion from the first quarter of 2010 and decreased by $437.0 million from the fourth quarter of 2010. For the same periods, the average balance of demand deposits increased by $461.4 million, or 48 percent, to $1.4 billion from $956.4 million during the first quarter of 2010 and increased $80.5 million, or 6 percent, from the fourth quarter of 2010.

In the first quarter of 2011, we experienced decreases in levels of non-performing assets and credit losses. Credit costs, including the provision for credit losses and valuation charges related to other real estate owned (“OREO”) totaled $10.8 million in the first quarter of 2011 compared to $15.4 million in the first quarter of 2010 and $14.3 million in the fourth quarter of 2010. We recorded a $7.5 million provision for credit losses the first quarter of 2011 compared to $13.5 million in the first quarter of 2010 and $12.0 million in the fourth quarter of 2010. At March 31, 2011, the combined reserve decreased to 1.53 percent of loans held for investment as compared to 1.69 percent at March 31, 2010 and 1.56 percent at December 31, 2010. In management’s opinion, the reserve is adequate and is derived from consistent application of the methodology for establishing the adequacy of reserves for Texas Capital Bank’s loan portfolio. In the first quarter of 2011, net charge-offs were $9.0 million, compared to net charge-offs of $9.3 million in the first quarter of 2010 and net charge-offs of $17.0 million in the fourth quarter of 2010. Non-accrual loans were $116.5 million, or 2.47 percent of loans held for investment at the end of the first quarter of 2011, and $115.9 million, or 2.61 percent, at the end of the first quarter of 2010 and $112.1 million, or 2.38 percent, at the end of the fourth quarter 2010. At March 31, 2011, total OREO was $26.2 million compared to $28.9 million at the end of the first quarter of 2010, and $42.3 million at the end of the fourth quarter 2010. The OREO balance of $26.2 million at March 31, 2011 is stated net of a $10.4 million valuation allowance. The valuation charge for OREO reflected in non-interest expense was $3.3 million in the first quarter of 2011 compared to $1.9 million in the first quarter of 2010 and $2.3 million in the fourth quarter of 2010.

Non-interest income increased $736,000 during the first quarter of 2011, or 11%, compared to the same period of 2010 primarily related to increase of $626,000 in brokered loan fees.

Non-interest expense for the first quarter of 2011 increased $9.2 million, or 25 percent, to $46.4 million from $37.2 million in the first quarter of 2010. The increase is primarily related to a $4.1 million increase in salaries and employee benefits to $24.2 million from $20.1 million, which was primarily due to general business growth. Marketing expense increased $1.3 million relating to general business growth. Allowance and other carrying costs for OREO expense increased $1.7 million to $4.0 million, $3.3 million of which related to deteriorating values of assets held in OREO. Of the $3.3 million valuation expense in the first quarter of 2011, $1.9 million was related to an increase in the valuation allowance and $1.4 million related to

2

direct write-downs of the OREO balance. Additionally, legal and professional expense and FDIC assessment expense increased $773,000 and $643,000, respectively, from the first quarter of 2011.

Stockholders’ equity increased by 9 percent from $500.0 million at March 31, 2010 to $544.9 million at March 31, 2011. Contributing to the increase was retained net income and proceeds of sales of common stock. The Bank is well capitalized under regulatory guidelines and at March 31, 2011, the Company’s ratio of tangible common equity to total tangible assets was 8.8 percent.

ABOUT TEXAS CAPITAL BANCSHARES, INC.

Texas Capital Bancshares, Inc. (NASDAQ: TCBI) is the parent company of Texas Capital Bank, a commercial bank that delivers highly personalized financial services to businesses and private clients. Headquartered in Dallas, the Bank has full-service locations in Austin, Dallas, Fort Worth, Houston and San Antonio.

This release contains forward-looking statements, which are subject to risks and uncertainties. A number of factors, many of which are beyond Texas Capital Bancshares’ control, could cause actual results to differ materially from future results expressed or implied by such forward-looking statements. These risks and uncertainties include the risk of adverse impacts from general economic conditions, competition, interest rate sensitivity and exposure to regulatory and legislative changes. These and other factors that could cause results to differ materially from those described in the forward-looking statements can be found in the Form 10-K and other filings made by Texas Capital Bancshares with the Securities and Exchange Commission.

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TEXAS CAPITAL BANCSHARES, INC.

SELECTED FINANCIAL HIGHLIGHTS (UNAUDITED)
(Dollars in thousands except per share data)

	1st Quarter			4th Quarter			3rd Quarter			2nd Quarter			1st Quarter
	2011			2010			2010			2010			2010
CONSOLIDATED STATEMENT OF INCOME
Interest income	$	70,111		$	75,432		$	72,600		$	67,472		$	64,306
Interest expense		5,613			9,477			9,994			9,587			9,078
Net interest income		64,498			65,955			62,606			57,885			55,228
Provision for credit losses		7,500			12,000			13,500			14,500			13,500
Net interest income after provision for credit losses		56,998			53,955			49,106			43,385			41,728
Non-interest income		7,684			9,178			8,101			8,036			6,948
Non-interest expense		46,399			44,582			42,602			39,118			37,186
Income from continuing operations before income taxes		18,283			18,551			14,605			12,303			11,490
Income tax expense		6,344			6,475			5,074			4,187			3,890
Income from continuing operations		11,939			12,076			9,531			8,116			7,600
Loss from discontinued operations (after-tax)		(60	)		(22	)		(5	)		(54	)		(55	)
Net income	$	11,879		$	12,054		$	9,526		$	8,062		$	7,545
Diluted EPS from continuing operations	$	.31		$	.32		$	.25		$	.22		$	.21
Diluted EPS	$	.31		$	.32		$	.25		$	.22		$	.21
Diluted shares		38,341,679			37,658,396			37,444,516			37,486,785			36,783,719
CONSOLIDATED BALANCE SHEET DATA
Total assets	$	6,061,046		$	6,448,179		$	6,344,916		$	5,961,472		$	5,499,599
Loans held for investment		4,711,424			4,711,330			4,483,204			4,462,830			4,443,456
Loans held for sale		811,400			1,194,209			1,399,208			997,150			592,436
Securities		171,990			185,424			202,177			227,029			246,209
Demand deposits		1,480,695			1,451,307			1,195,093			1,120,664			994,096
Total deposits		5,221,991			5,455,401			5,407,033			4,926,069			4,409,819
Other borrowings		133,995			300,387			270,628			376,646			452,061
Long-term debt		113,406			113,406			113,406			113,406			113,406
Stockholders’ equity		544,925			528,319			515,618			514,078			499,996
End of period shares outstanding		37,216,929			36,956,688			36,792,030			36,776,836			36,524,313
Book value (excluding securities gains/losses)	$	14.50		$	14.15		$	13.84		$	13.79		$	13.52
Tangible book value (excluding securities gains/losses)	$	14.25		$	13.89		$	13.58		$	13.53		$	13.25
SELECTED FINANCIAL RATIOS
From continuing operations:
Net interest margin		4.46	%		4.12	%		4.27	%		4.32	%		4.43	%
Return on average assets		.78	%		.72	%		.62	%		.58	%		.57	%
Return on average equity		8.91	%		9.04	%		7.23	%		6.33	%		6.21	%
Non-interest income to earning assets		.53	%		.57	%		.55	%		.60	%		.55	%
Efficiency ratio		64.3	%		59.3	%		60.3	%		59.3	%		59.8	%
Efficiency ratio (excluding OREO valuation/write-down)		59.7	%		56.2	%		55.1	%		58.5	%		56.7	%
Non-interest expense to earning assets		3.20	%		2.78	%		2.90	%		2.91	%		2.97	%
From consolidated:
Net interest margin		4.46	%		4.12	%		4.27	%		4.32	%		4.43	%
Return on average assets		.78	%		.72	%		.62	%		.57	%		.57	%
Return on average equity		8.87	%		9.02	%		7.23	%		6.29	%		6.17	%
Tangible common equity to total tangible assets		8.8	%		8.0	%		7.9	%		8.4	%		8.8	%
Tier 1 capital ratio		11.2	%		10.6	%		10.7	%		11.0	%		11.3	%
Total capital ratio		12.5	%		11.8	%		11.9	%		12.3	%		12.5	%
Tier 1 leverage ratio		10.3	%		9.4	%		10.0	%		10.7	%		11.0	%

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TEXAS CAPITAL BANCSHARES, INC.

CONSOLIDATED BALANCE SHEETS (UNAUDITED)
(Dollars in thousands)

	March 31,			March 31,			%
	2011			2010			Change
Assets
Cash and due from banks	$	213,480		$	70,066			205	%
Federal funds sold		10,240			9,990			3	%
Securities, available-for-sale		171,990			246,209			(30	)%
Loans held for sale		811,400			592,436			37	%
Loans held for sale from discontinued operations		488			583			(16	)%
Loans held for investment (net of unearned income)		4,711,424			4,443,456			6	%
Less: Allowance for loan losses		70,248			71,705			(2	)%
Loans held for investment, net		4,641,176			4,371,751			6	%
Premises and equipment, net		11,652			10,773			8	%
Accrued interest receivable and other assets		191,706			188,649			3	%
Goodwill and intangibles, net		9,402			9,725			(3	)%
Total assets	$	6,061,534		$	5,500,182			10	%
Liabilities and Stockholders’ Equity
Liabilities:
Deposits:
Non-interest bearing	$	1,480,695		$	994,096			49	%
Interest bearing		3,429,358			3,072,001			12	%
Interest bearing in foreign branches		311,938			343,722			(9	)%
Total deposits		5,221,991			4,409,819			18	%
Accrued interest payable		1,662			2,038			(18	)%
Other liabilities		45,555			22,862			99	%
Federal funds purchased		115,870			425,939			(73	)%
Repurchase agreements		14,716			21,874			(33	)%
Other borrowings		3,409			4,248			(20	)%
Trust preferred subordinated debentures		113,406			113,406			—
Total liabilities		5,516,609			5,000,186			10	%
Stockholders’ equity:
Preferred stock, $.01 par value, $1,000 liquidation value:
Authorized shares — 10,000,000
Issued shares		—			—
Common stock, $.01 par value:
Authorized shares — 100,000,000
Issued shares — 37,217,346 and 36,524,730 at March 31, 2011 and 2010, respectively		372			365			2	%
Additional paid-in capital		341,680			337,124			1	%
Retained earnings		197,686			156,165			27	%
Treasury stock (shares at cost: 417 at March 31, 2011 and 2010, respectively)		(8	)		(8	)		—
Accumulated other comprehensive income, net of taxes		5,195			6,350			(18	)%
Total stockholders’ equity		544,925			499,996			9	%
Total liabilities and stockholders’ equity	$	6,061,534		$	5,500,182			10	%

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TEXAS CAPITAL BANCSHARES, INC.

CONSOLIDATED STATEMENTS OF INCOME (UNAUDITED)
(Dollars in thousands except per share data)

	Three Months Ended
	March 31
	2011			2010
Interest income
Interest and fees on loans	$	68,040		$	61,569
Securities		1,846			2,726
Federal funds sold		28			9
Deposits in other banks		197			2
Total interest income		70,111			64,306
Interest expense
Deposits		4,871			7,758
Federal funds purchased		107			365
Repurchase agreements		2			4
Other borrowings		—			47
Trust preferred subordinated debentures		633			904
Total interest expense		5,613			9,078
Net interest income		64,498			55,228
Provision for credit losses		7,500			13,500
Net interest income after provision for credit losses		56,998			41,728
Non-interest income
Service charges on deposit accounts		1,783			1,483
Trust fee income		954			954
Bank owned life insurance (BOLI) income		523			471
Brokered loan fees		2,520			1,904
Equipment rental income		783			1,344
Other		1,121			792
Total non-interest income		7,684			6,948
Non-interest expense
Salaries and employee benefits		24,172			20,069
Net occupancy expense		3,310			3,014
Leased equipment depreciation		556			1,059
Marketing		2,123			787
Legal and professional		2,723			1,950
Communications and technology		2,347			1,926
FDIC insurance assessment		2,511			1,868
Allowance and other carrying costs for OREO		4,030			2,292
Other		4,627			4,221
Total non-interest expense		46,399			37,186
Income from continuing operations before income taxes		18,283			11,490
Income tax expense		6,344			3,890
Income from continuing operations		11,939			7,600
Loss from discontinued operations (after-tax)		(60	)		(55	)
Net income	$	11,879		$	7,545
Basic earnings per common share:
Income from continuing operations	$	.32		$	.21
Net income	$	.32		$	.21
Diluted earnings per common share:
Income from continuing operations	$	.31		$	.21
Net income	$	.31		$	.21

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TEXAS CAPITAL BANCSHARES, INC.

SUMMARY OF LOAN LOSS EXPERIENCE
(Dollars in thousands)

	1st Quarter			4th Quarter			3rd Quarter			2nd Quarter			1st Quarter
	2011			2010			2010			2010			2010
Reserve for loan losses:
Beginning balance	$	71,510		$	75,655		$	74,881		$	71,705		$	67,931
Loans charged-off:
Commercial		1,993			11,135			2,384			6,653			7,551
Real estate — construction		—			—			6,229			5,789			420
Real estate — term		7,364			5,751			3,000			—			766
Consumer		34			216			—			—			—
Leases		532			148			595			218			594
Total		9,923			17,250			12,208			12,660			9,331
Recoveries:
Commercial		546			47			76			30			23
Real estate — construction		243			—			1			—			—
Real estate — term		31			101			7			22			8
Consumer		1			2			2			—			—
Leases		150			75			8			55			20
Total recoveries		971			225			94			107			51
Net charge-offs		8,952			17,025			12,114			12,553			9,280
Provision for loan losses		7,690			12,880			12,888			15,729			13,054
Ending balance	$	70,248		$	71,510		$	75,655		$	74,881		$	71,705
Reserve for off-balance sheet credit losses:
Beginning balance	$	1,897		$	2,777		$	2,165		$	3,394		$	2,948
Provision (benefit) for off-balance sheet credit losses		(190	)		(880	)		612			(1,229	)		446
Ending balance	$	1,707		$	1,897		$	2,777		$	2,165		$	3,394
Total reserves for credit losses	$	71,955		$	73,407		$	78,432		$	77,046		$	75,099
Total provision for credit losses	$	7,500			12,000		$	13,500		$	14,500		$	13,500
Reserve to loans held for investment(2)		1.49	%		1.52	%		1.69	%		1.68	%		1.61	%
Reserve to average loans held for investment(2)		1.49	%		1.58	%		1.68	%		1.68	%		1.63	%
Net charge-offs to average loans(1)(2)		.77	%		1.49	%		1.07	%		1.13	%		.85	%
Net charge-offs to average loans for last twelve months(1)(2)		1.11	%		1.14	%		.95	%		.73	%		.61	%
Total provision for credit losses to average loans(1)(2)		.64	%		1.05	%		1.19	%		1.30	%		1.24	%
Combined reserves for credit losses to loans held for investment(2)		1.53	%		1.56	%		1.75	%		1.73	%		1.69	%
Non-performing assets (NPAs):
Non-accrual loans	$	116,479		$	112,090		$	127,054		$	138,236		$	115,926
Other real estate owned (OREO) (4)		26,172			42,261			38,646			42,077			28,865
Total	$	142,651		$	154,351		$	165,700		$	180,313		$	144,791
Non-accrual loans to loans(2)		2.47	%		2.38	%		2.83	%		3.10	%		2.61	%
Total NPAs to loans plus OREO(2)		3.01	%		3.25	%		3.66	%		4.00	%		3.24	%
Reserve for loan losses to non-accrual loans		.6	x		.6	x		.6	x		.5	x		.6	x
Restructured loans	$	22,219		$	4,319		$	—		$	—		$	10,700
Loans past due 90 days and still accruing(3)	$	2,529		$	6,706		$	2,428		$	13,962		$	2,390
Loans past due 90 days to loans(2)		.05	%		.14	%		.05	%		.31	%		.05	%

(1)	Interim period ratios are annualized.
(2)	Excludes loans held for sale.
(3)	At March 31, 2011, loans past due 90 days and still accruing includes premium finance loans of $2.4 million. These loans are primarily secured by obligations of insurance carriers to refund premiums on cancelled insurance policies. The refund of premiums from the insurance carriers can take 180 days or longer from the cancellation date.
(4)	At March 31, 2011, OREO balance is net of $10.4 million valuation allowance.

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TEXAS CAPITAL BANCSHARES, INC.

CONSOLIDATED STATEMENT OF INCOME (UNAUDITED)
(Dollars in thousands)

	1st Quarter			4th Quarter			3rd Quarter			2nd Quarter			1st Quarter
	2011			2010			2010			2010			2010
Interest income
Interest and fees on loans	$	68,040		$	73,206		$	70,293		$	64,935		$	61,569
Securities		1,846			2,018			2,246			2,491			2,726
Federal funds sold		28			118			50			40			2
Deposits in other banks		197			90			11			6			9
Total interest income		70,111			75,432			72,600			67,472			64,306
Interest expense
Deposits		4,871			8,371			8,760			8,420			7,758
Federal funds purchased		107			229			259			244			365
Repurchase agreements		2			1			3			2			4
Other borrowings		—			—			—			1			47
Trust preferred subordinated debentures		633			876			972			920			904
Total interest expense		5,613			9,477			9,994			9,587			9,078
Net interest income		64,498			65,955			62,606			57,885			55,228
Provision for credit losses		7,500			12,000			13,500			14,500			13,500
Net interest income after provision for credit losses		56,998			53,955			49,106			43,385			41,728
Non-interest income
Service charges on deposit accounts		1,783			1,708			1,662			1,539			1,483
Trust fee income		954			899			1,013			980			954
Bank owned life insurance (BOLI) income		523			482			455			481			471
Brokered loan fees		2,520			3,793			3,272			2,221			1,904
Equipment rental income		783			802			792			1,196			1,344
Other		1,121			1,494			907			1,619			792
Total non-interest income		7,684			9,178			8,101			8,036			6,948
Non-interest expense
Salaries and employee benefits		24,172			21,964			21,872			21,393			20,069
Net occupancy expense		3,310			3,140			3,128			3,032			3,014
Leased equipment depreciation		556			623			580			1,035			1,059
Marketing		2,123			2,198			1,333			1,101			787
Legal and professional		2,723			3,884			2,705			3,298			1,950
Communications and technology		2,347			2,143			2,256			2,186			1,926
FDIC insurance assessment		2,511			2,611			2,482			2,241			1,868
Allowance and other carrying costs for OREO		4,030			3,233			4,071			808			2,292
Other		4,627			4,786			4,175			4,024			4,221
Total non-interest expense		46,399			44,582			42,602			39,118			37,186
Income from continuing operations before income taxes		18,283			18,551			14,605			12,303			11,490
Income tax expense		6,344			6,475			5,074			4,187			3,890
Income from continuing operations		11,939			12,076			9,531			8,116			7,600
Loss from discontinued operations (after-tax)		(60	)		(22	)		(5	)		(54	)		(55	)
Net income	$	11,879		$	12,054		$	9,526		$	8,062		$	7,545

8

TEXAS CAPITAL BANCSHARES, INC.

QUARTERLY FINANCIAL SUMMARY — UNAUDITED
Consolidated Daily Average Balances, Average Yields and Rates
Continuing Operations
(Dollars in thousands)

	1st Quarter 2011							4th Quarter 2010							3rd Quarter 2010							2nd Quarter 2010							1st Quarter 2010
	Average		Revenue/		Yield/			Average		Revenue/		Yield/			Average		Revenue/		Yield/			Average		Revenue/		Yield/			Average		Revenue/		Yield/
	Balance		Expense(1)		Rate			Balance		Expense(1)		Rate			Balance		Expense(1)		Rate			Balance		Expense(1)		Rate			Balance		Expense(1)		Rate
Assets
Securities — Taxable	$	140,007	$	1,500		4.35	%	$	155,180	$	1,666		4.26	%	$	173,835	$	1,890		4.31	%	$	193,542	$	2,126		4.41	%	$	211,618	$	2,341		4.49	%
Securities — Non-taxable(2)		37,154		532		5.81	%		37,848		541		5.67	%		38,357		548		5.67	%		39,635		562		5.69	%		41,654		592		5.76	%
Federal funds sold		44,322		28		0.26	%		241,907		118		0.19	%		107,404		50		0.18	%		91,564		40		0.18	%		7,471		2		0.11	%
Deposits in other banks		277,228		197		0.29	%		144,650		90		0.25	%		18,766		11		0.23	%		12,449		6		0.19	%		12,457		9		0.29	%
Loans held for sale		735,682		8,677		4.78	%		1,324,264		15,314		4.59	%		1,074,309		12,760		4.71	%		664,474		8,244		4.98	%		457,459		5,490		4.87	%
Loans held for investment		4,721,928		59,363		5.10	%		4,533,501		57,892		5.07	%		4,493,998		57,533		5.08	%		4,459,790		56,691		5.10	%		4,413,960		56,079		5.15	%
Less reserve for loan losses		70,142		—		—			74,580		—		—			74,810		—		—			71,536		—		—			66,726		—		—
Loans, net of reserve		5,387,468		68,040		5.12	%		5,783,185		73,206		5.02	%		5,493,497		70,293		5.08	%		5,052,728		64,935		5.15	%		4,804,693		61,569		5.20	%
Total earning assets		5,886,179		70,297		4.84	%		6,362,770		75,621		4.72	%		5,831,859		72,792		4.95	%		5,389,918		67,669		5.04	%		5,077,893		64,513		5.15	%
Cash and other assets		297,060							285,566							267,923							261,668							311,128
Total assets	$	6,183,239						$	6,648,336						$	6,099,782						$	5,651,586						$	5,389,021
Liabilities and Stockholders’ Equity
Transaction deposits	$	345,978	$	55		0.06	%	$	434,160	$	132		0.12	%	$	465,370	$	189		0.16	%	$	484,900	$	389		0.32	%	$	365,205	$	264		0.29	%
Savings deposits		2,469,435		2,371		0.39	%		2,511,343		3,978		0.63	%		2,222,431		4,228		0.75	%		2,054,199		4,047		0.79	%		1,773,201		3,524		0.81	%
Time deposits		709,604		1,921		1.10	%		1,022,509		3,068		1.19	%		955,703		3,044		1.26	%		832,973		2,808		1.35	%		840,820		2,787		1.34	%
Deposits in foreign branches		376,570		524		0.56	%		451,088		1,193		1.05	%		418,112		1,299		1.23	%		380,361		1,176		1.24	%		353,803		1,183		1.36	%
Total interest bearing deposits		3,901,587		4,871		0.51	%		4,419,100		8,371		0.75	%		4,061,616		8,760		0.86	%		3,752,433		8,420		0.90	%		3,333,029		7,758		0.94	%
Other borrowings		159,450		109		0.28	%		212,939		230		0.43	%		230,043		262		0.45	%		222,427		247		0.45	%		461,477		416		0.37	%
Trust preferred subordinated debentures		113,406		633		2.26	%		113,406		876		3.06	%		113,406		972		3.40	%		113,406		920		3.25	%		113,406		904		3.23	%
Total interest bearing liabilities		4,174,443		5,613		0.55	%		4,745,445		9,477		0.79	%		4,405,065		9,994		0.90	%		4,088,266		9,587		0.94	%		3,907,912		9,078		0.94	%
Demand deposits		1,417,734							1,337,213							1,142,735							1,024,292							956,359
Other liabilities		47,753							35,589							28,997							24,693							28,643
Stockholders’ equity		543,309							530,089							522,985							514,335							496,107
Total liabilities and stockholders’ equity	$	6,183,239						$	6,648,336						$	6,099,782						$	5,651,586						$	5,389,021
Net interest income			$	64,684						$	66,144						$	62,798						$	58,082						$	55,435
Net interest margin						4.46	%						4.12	%						4.27	%						4.32	%						4.43	%

(1)	The loan averages include loans on which the accrual of interest has been discontinued and are stated net of unearned income.
(2)	Taxable equivalent rates used where applicable.

9