Texas Capital Bancshares (TCBI) 8-K Texas Capital Bancshares Announces Operating Results for Q3 2011

Exhibit 99.1

FOR IMMEDIATE RELEASE
October 19, 2011

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

TEXAS CAPITAL BANCSHARES ANNOUNCES OPERATING RESULTS FOR Q3 2011

DALLAS — October 19, 2011 — Texas Capital Bancshares, Inc. (NASDAQ: TCBI), the parent company of Texas Capital Bank, announced earnings and operating results for the third quarter of 2011.

• Net income increased 30% on a linked quarter basis and increased 128% from Q3 2010

• EPS increased 27% on a linked quarter basis and increased 124% for the third quarter of 2011 as compared to the same quarter of 2010

• Demand deposits increased 12% and total deposits increased 1% on a linked quarter basis and grew 39% and 1%, respectively, from Q3 2010

• Loans held for investment increased 3% and total loans increased 15% on a linked quarter basis and grew 18% and 23%, respectively, from Q3 2010

“Strong growth continues at Texas Capital, along with improved core earnings power and continued improvement in funding costs,” said George Jones, CEO. “As a result, ROA and ROE have reached record levels, and we remain confident in our ability to continue to produce quality results for our shareholders.”

FINANCIAL SUMMARY
(dollars and shares in thousands)

	Q3 2011			Q3 2010			% Change
QUARTERLY OPERATING RESULTS(1)
Net Income	$	21,710		$	9,531			128	%
Diluted EPS	$	.56		$	.25			124	%
ROA		1.25	%		.62	%
ROE		14.93	%		7.23	%
Diluted Shares		38,435			37,445
BALANCE SHEET(1)
Total Assets	$	7,705,372		$	6,344,916			21	%
Demand Deposits		1,661,125			1,195,093			39	%
Total Deposits		5,486,463			5,407,033			1	%
Loans Held for Investment		5,302,584			4,483,204			18	%
Total Loans		7,212,151			5,882,412			23	%
Stockholders’ Equity		587,944			515,618			14	%

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

DETAILED FINANCIALS

Texas Capital Bancshares, Inc. reported net income from continuing operations of $21.7 million for the quarter ended September 30, 2011, compared to $9.5 million for the third quarter of 2010. On a fully diluted basis, earnings per common share from continuing operations were $.56 for the three months ended September 30, 2011 compared to $.25 for the same period last year. The discussion below relates only to continuing operations.

Return on average equity was 14.93 percent and return on average assets was 1.25 percent for the third quarter of 2011, compared to 7.23 percent and .62 percent, respectively, for the third quarter of 2010.

The net interest margin in the third quarter of 2011 was 4.81 percent, a 54 basis point increase from the third quarter of 2010 and a 5 basis point decrease from the second quarter of 2011. The year over year increase is due to growth in loans, a reduction in funding costs and our ability to maintain and improve spreads on our loans. Net interest income was $79.2 million for the third quarter of 2011, compared to $62.6 million for the third quarter of 2010. The increase was due to an increase in average earning assets of $719.1 million over levels reported in the third quarter of 2010. The increase in average earning assets included a $725.5 million increase in average loans held for investment and a $117.1 million increase in average loans held for sale, offset by a decrease of $63.3 million in average securities.

Average total deposits for the third quarter of 2011 increased by $42.5 million from the third quarter of 2010 and decreased by $6.1 million from the second quarter of 2011. For the same periods, the average balance of demand deposits increased by $382.4 million, or 34 percent, to $1.5 billion from $1.1 billion during the third quarter of 2010 and increased $69.7 million, or 5 percent, from the second quarter of 2011.

In the third 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 $8.7 million in the third quarter of 2011 compared to $17.2 million in the third quarter of 2010 and $8.7 million in the second quarter of 2011. We recorded a $7.0 million provision for credit losses in the third quarter of 2011 compared to $13.5 million in the third quarter of 2010 and $8.0 million in the second quarter of 2011. At September 30, 2011, the combined reserve decreased to 1.32 percent of loans held for investment as compared to 1.75 percent at September 30, 2010 and 1.34 percent at June 30, 2011. 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 third quarter of 2011, net charge-offs were $6.3 million, compared to net charge-offs of $12.1 million in the third quarter of 2010 and net charge-offs of $10.5 million in the second quarter of 2011. Non-accrual loans were $66.7 million, or 1.26 percent of loans held for investment at the end of the third quarter of 2011, and $127.1 million, or 2.83 percent, at the end of the third quarter of 2010 and $77.9 million, or 1.51 percent, at the end of the second quarter 2011. At September 30, 2011, total OREO was $35.8 million compared to $38.6 million at the end of the third quarter of 2010, and $27.3 million at the end of the second quarter of 2011. The OREO balance of $35.8 million at September 30, 2011 is stated net of a $10.7 million valuation allowance. The valuation charge for OREO reflected in non-interest expense was $1.7 million in the third quarter of 2011 compared to $3.7 million in the third quarter of 2010 and $725,000 in the second quarter of 2011.

Non-interest income decreased $498,000 during the third quarter of 2011, or 6 percent, compared to the same period of 2010 primarily related to a decrease of $569,000 in equipment rental income due to the continued decrease in the leased equipment portfolio. Brokered loan fees decreased $423,000 due to fees that are realized at the time of sale. Offsetting these decreases is a $415,000 increase in other non-interest income and minor increases in various categories.

Non-interest expense for the third quarter of 2011 increased $3.6 million, or 8 percent, to $46.2 million from $42.6 million in the third quarter of 2010. The increase is primarily related to a $3.7 million increase in salaries and employee benefits to $25.6 million from $21.9 million, which was primarily due to general business growth. Marketing expense increased $1.1 million from the third quarter of 2010 due to general business growth. Additionally, legal and professional expense increased $942,000 from the third quarter of 2010. Allowance and other carrying costs for OREO expense decreased $1.9 million to $2.2 million, $1.7

million of which related to less deterioration of values of assets held in OREO. Of the $1.7 million valuation expense in the third quarter of 2011, $61,000 related to direct write-downs of the OREO balance and $1.6 million related to increasing the valuation allowance. Additionally, FDIC insurance expense decreased $1.0 million from the third quarter of 2010.

Stockholders’ equity increased by 14 percent from $515.6 million at September 30, 2010 to $587.9 million at September 30, 2011. Contributing to the increase is primarily retained net income. The Bank is well capitalized under regulatory guidelines and at September 30, 2011, the Company’s ratio of tangible common equity to total tangible assets was 7.3 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.

3

TEXAS CAPITAL BANCSHARES, INC.

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

	��
	3rd Quarter			2nd Quarter			1st Quarter			4th Quarter			3rd Quarter
	2011			2011			2011			2010			2010
CONSOLIDATED STATEMENT OF INCOME
Interest income	$	83,263		$	75,259		$	70,111		$	75,432		$	72,600
Interest expense		4,065			4,165			5,613			9,477			9,994
Net interest income		79,198			71,094			64,498			65,955			62,606
Provision for credit losses		7,000			8,000			7,500			12,000			13,500
Net interest income after provision for credit losses		72,198			63,094			56,998			53,955			49,106
Non-interest income		7,603			7,951			7,684			9,178			8,101
Non-interest expense		46,186			45,263			46,399			44,582			42,602
Income from continuing operations before income taxes		33,615			25,782			18,283			18,551			14,605
Income tax expense		11,905			9,074			6,344			6,475			5,074
Income from continuing operations		21,710			16,708			11,939			12,076			9,531
Loss from discontinued operations (after-tax)		(7	)		(54	)		(60	)		(22	)		(5	)
Net income	$	21,703		$	16,654		$	11,879		$	12,054		$	9,526
Diluted EPS from continuing operations	$	.56		$	.44		$	.31		$	.32		$	.25
Diluted EPS	$	.56		$	.43		$	.31		$	.32		$	.25
Diluted shares		38,435,386			38,332,888			38,341,679			37,658,396			37,444,516
CONSOLIDATED BALANCE SHEET DATA
Total assets	$	7,705,372		$	6,709,338		$	6,061,046		$	6,448,179		$	6,344,916
Loans held for investment		5,302,584			5,164,293			4,711,424			4,711,330			4,483,204
Loans held for sale		1,909,567			1,122,330			811,400			1,194,209			1,399,208
Securities		142,895			157,821			171,990			185,424			202,177
Demand deposits		1,661,125			1,483,159			1,480,695			1,451,307			1,195,093
Total deposits		5,486,463			5,421,726			5,221,991			5,455,401			5,407,033
Other borrowings		1,451,894			561,902			133,995			300,387			270,628
Long-term debt		113,406			113,406			113,406			113,406			113,406
Stockholders’ equity		587,944			563,924			544,925			528,319			515,618
End of period shares outstanding		37,457,762			37,329,726			37,216,929			36,956,688			36,792,030
Book value (excluding securities gains/losses)	$	15.56		$	14.97		$	14.50		$	14.15		$	13.84
Tangible book value (excluding securities gains/losses)	$	15.01		$	14.41		$	14.25		$	13.89		$	13.58
SELECTED FINANCIAL RATIOS
From continuing operations
Net interest margin		4.81	%		4.86	%		4.46	%		4.12	%		4.27	%
Return on average assets		1.25	%		1.08	%		.78	%		.72	%		.62	%
Return on average equity		14.93	%		12.13	%		8.91	%		9.04	%		7.23	%
Non-interest income to earning assets		.46	%		.54	%		.53	%		.57	%		.55	%
Efficiency ratio		53.2	%		57.3	%		64.3	%		59.3	%		60.3	%
Efficiency ratio (excluding OREO valuation/write-down)		51.3	%		56.3	%		59.7	%		56.2	%		55.1	%
Non-interest expense to earning assets		2.80	%		3.08	%		3.20	%		2.78	%		2.90	%
Tangible common equity to total tangible assets		7.3	%		8.0	%		8.8	%		8.0	%		7.9	%
Tier 1 capital ratio		9.7	%		10.2	%		11.2	%		10.6	%		10.7	%
Total capital ratio		10.7	%		11.3	%		12.5	%		11.8	%		11.9	%
Tier 1 leverage ratio		9.8	%		10.5	%		10.3	%		9.4	%		10.0	%

4

TEXAS CAPITAL BANCSHARES, INC.

CONSOLIDATED BALANCE SHEETS (UNAUDITED)
(Dollars in thousands)

	September 30,			September 30,			%
	2011			2010			Change
Assets
Cash and due from banks	$	120,569		$	90,354			33	%
Federal funds sold		—			13,710			(100	)%
Securities, available-for-sale		142,895			202,177			(29	)%
Loans held for sale		1,909,567			1,399,208			36	%
Loans held for sale from discontinued operations		395			580			(32	)%
Loans held for investment (net of unearned income)		5,302,584			4,483,204			18	%
Less: Allowance for loan losses		67,897			75,655			(10	)%
Loans held for investment, net		5,234,687			4,407,549			19	%
Premises and equipment, net		11,596			12,461			(7	)%
Accrued interest receivable and other assets		265,412			209,893			26	%
Goodwill and intangibles, net		20,646			9,564			116	%
Total assets	$	7,705,767		$	6,345,496			21	%
Liabilities and Stockholders’ Equity
Liabilities:
Deposits:
Non-interest bearing	$	1,661,125		$	1,195,093			39	%
Interest bearing		3,204,985			3,761,450			(15	)%
Interest bearing in foreign branches		620,353			450,490			38	%
Total deposits		5,486,463			5,407,033			1	%
Accrued interest payable		671			2,830			(76	)%
Other liabilities		65,389			35,981			82	%
Federal funds purchased		321,930			249,463			29	%
Repurchase agreements		27,059			18,171			49	%
Other borrowings		1,102,905			2,994			N/M
Trust preferred subordinated debentures		113,406			113,406			—
Total liabilities		7,117,823			5,829,878			22	%
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 — 37,458,179 and 36,792,447 at September 30, 2011 and 2010, respectively		374			368			2	%
Additional paid-in capital		346,405			335,057			3	%
Retained earnings		236,043			173,753			36	%
Treasury stock (shares at cost: 417 at September 30, 2011 and 2010, respectively)		(8	)		(8	)		—
Accumulated other comprehensive income, net of taxes		5,130			6,448			(20	)%
Total stockholders’ equity		587,944			515,618			14	%
Total liabilities and stockholders’ equity	$	7,705,767		$	6,345,496			21	%

5

TEXAS CAPITAL BANCSHARES, INC.

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

	Three Months Ended						Nine Months Ended
	September 30						September 30
	2011			2010			2011			2010
Interest income
Interest and fees on loans	$	81,692		$	70,293		$	223,241		$	196,797
Securities		1,524			2,246			5,050			7,463
Federal funds sold		3			50			36			92
Deposits in other banks		44			11			306			26
Total interest income		83,263			72,600			228,633			204,378
Interest expense
Deposits		3,191			8,760			11,479			24,938
Federal funds purchased		128			259			329			868
Repurchase agreements		2			3			6			9
Other borrowings		110			—			124			48
Trust preferred subordinated debentures		634			972			1,905			2,796
Total interest expense		4,065			9,994			13,843			28,659
Net interest income		79,198			62,606			214,790			175,719
Provision for credit losses		7,000			13,500			22,500			41,500
Net interest income after provision for credit losses		72,198			49,106			192,290			134,219
Non-interest income
Service charges on deposit accounts		1,585			1,662			4,976			4,684
Trust fee income		1,091			1,013			3,111			2,947
Bank owned life insurance (BOLI) income		533			455			1,595			1,407
Brokered loan fees		2,849			3,272			7,927			7,397
Equipment rental income		223			792			1,682			3,332
Other		1,322			907			3,947			3,318
Total non-interest income		7,603			8,101			23,238			23,085
Non-interest expense
Salaries and employee benefits		25,596			21,872			73,877			63,334
Net occupancy expense		3,367			3,128			10,120			9,174
Leased equipment depreciation		281			580			1,284			2,674
Marketing		2,455			1,333			7,311			3,221
Legal and professional		3,647			2,705			10,634			7,953
Communications and technology		2,210			2,256			7,141			6,368
FDIC insurance assessment		1,465			2,482			5,948			6,591
Allowance and other carrying costs for OREO		2,150			4,071			7,203			7,171
Other		5,015			4,175			14,330			12,420
Total non-interest expense		46,186			42,602			137,848			118,906
Income from continuing operations before income taxes		33,615			14,605			77,680			38,398
Income tax expense		11,905			5,074			27,323			13,151
Income from continuing operations		21,710			9,531			50,357			25,247
Loss from discontinued operations (after-tax)		(7	)		(5	)		(121	)		(114	)
Net income	$	21,703		$	9,526		$	50,236		$	25,133
Basic earnings per common share:
Income from continuing operations	$	.58		$	.26		$	1.35		$	.69
Net income	$	.58		$	.26		$	1.35		$	.69
Diluted earnings per common share:
Income from continuing operations	$	.56		$	.25		$	1.31		$	.68
Net income	$	.56		$	.25		$	1.31		$	.67

6

TEXAS CAPITAL BANCSHARES, INC.

SUMMARY OF LOAN LOSS EXPERIENCE
(Dollars in thousands)

	3rd Quarter			2nd Quarter			1st Quarter			4th Quarter			3rd Quarter
	2011			2011			2011			2010			2010
Reserve for loan losses:
Beginning balance	$	67,748		$	70,248		$	71,510		$	75,655		$	74,881
Loans charged-off:
Commercial		1,523			3,654			1,993			11,135			2,384
Real estate — construction		—			—			—			—			6,229
Real estate — term		5,049			6,424			7,364			5,751			3,000
Consumer		—			283			34			216			—
Leases		(16	)		464			532			148			595
Total		6,556			10,825			9,923			17,250			12,208
Recoveries:
Commercial		109			143			546			47			76
Real estate — construction		5			—			243			—			1
Real estate — term		152			122			31			101			7
Consumer		1			3			1			2			2
Leases		36			26			150			75			8
Total recoveries		303			294			971			225			94
Net charge-offs		6,253			10,531			8,952			17,025			12,114
Provision for loan losses		6,402			8,031			7,690			12,880			12,888
Ending balance	$	67,897		$	67,748		$	70,248		$	71,510		$	75,655
Reserve for off-balance sheet credit losses:
Beginning balance	$	1,676		$	1,707		$	1,897		$	2,777		$	2,165
Provision (benefit) for off-balance sheet credit losses		598			(31	)		(190	)		(880	)		612
Ending balance	$	2,274		$	1,676		$	1,707		$	1,897		$	2,777
Total reserves for credit losses	$	70,171		$	69,424		$	71,955		$	73,407		$	78,432
Total provision for credit losses	$	7,000		$	8,000		$	7,500		$	12,000		$	13,500
Reserve to loans held for investment(2)		1.28	%		1.31	%		1.49	%		1.52	%		1.69	%
Reserve to average loans held for investment(2)		1.30	%		1.39	%		1.49	%		1.58	%		1.68	%
Net charge-offs to average loans(1)(2)		.48	%		.86	%		.77	%		1.49	%		1.07	%
Net charge-offs to average loans for last twelve months(1)(2)		.90	%		1.06	%		1.11	%		1.14	%		.95	%
Total provision for credit losses to average loans(1)(2)		.53	%		.66	%		.64	%		1.05	%		1.19	%
Combined reserves for credit losses to loans held for investment(2)		1.32	%		1.34	%		1.53	%		1.56	%		1.75	%
Non-performing assets (NPAs):
Non-accrual loans	$	66,714		$	77,884		$	116,479		$	112,090		$	127,054
Other real estate owned (OREO) (4)		35,796			27,285			26,172			42,261			38,646
Total	$	102,510		$	105,169		$	142,651		$	154,351		$	165,700
Non-accrual loans to loans(2)		1.26	%		1.51	%		2.47	%		2.38	%		2.83	%
Total NPAs to loans plus OREO(2)		1.92	%		2.03	%		3.01	%		3.25	%		3.66	%
Reserve for loan losses to non-accrual loans		1.0x			.9x			.6x			.6x			.6x
Restructured loans	$	24,963		$	23,540		$	22,219		$	4,319		$	—
Loans past due 90 days and still accruing(3)	$	3,003		$	10,333		$	2,529		$	6,706		$	2,428
Loans past due 90 days to loans(2)		.06	%		.20	%		.05	%		.14	%		.05	%

(1)	Interim period ratios are annualized.
(2)	Excludes loans held for sale.
(3)	At September 30, 2011, loans past due 90 days and still accruing includes premium finance loans of $2.5 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 September 30, 2011, OREO balance is net of $10.7 million valuation allowance.

7

TEXAS CAPITAL BANCSHARES, INC.

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

	3rd Quarter			2nd Quarter			1st Quarter			4th Quarter			3rd Quarter
	2011			2011			2011			2010			2010
Interest income
Interest and fees on loans	$	81,692		$	73,509		$	68,040		$	73,206		$	70,293
Securities		1,524			1,680			1,846			2,018			2,246
Federal funds sold		3			5			28			118			50
Deposits in other banks		44			65			197			90			11
Total interest income		83,263			75,259			70,111			75,432			72,600
Interest expense
Deposits		3,191			3,417			4,871			8,371			8,760
Federal funds purchased		128			94			107			229			259
Repurchase agreements		2			2			2			1			3
Other borrowings		110			14			—			—			—
Trust preferred subordinated debentures		634			638			633			876			972
Total interest expense		4,065			4,165			5,613			9,477			9,994
Net interest income		79,198			71,094			64,498			65,955			62,606
Provision for credit losses		7,000			8,000			7,500			12,000			13,500
Net interest income after provision for credit losses		72,198			63,094			56,998			53,955			49,106
Non-interest income
Service charges on deposit accounts		1,585			1,608			1,783			1,708			1,662
Trust fee income		1,091			1,066			954			899			1,013
Bank owned life insurance (BOLI) income		533			539			523			482			455
Brokered loan fees		2,849			2,558			2,520			3,793			3,272
Equipment rental income		223			676			783			802			792
Other		1,322			1,504			1,121			1,494			907
Total non-interest income		7,603			7,951			7,684			9,178			8,101
Non-interest expense
Salaries and employee benefits		25,596			24,109			24,172			21,964			21,872
Net occupancy expense		3,367			3,443			3,310			3,140			3,128
Leased equipment depreciation		281			447			556			623			580
Marketing		2,455			2,733			2,123			2,198			1,333
Legal and professional		3,647			4,264			2,723			3,884			2,705
Communications and technology		2,210			2,584			2,347			2,143			2,256
FDIC insurance assessment		1,465			1,972			2,511			2,611			2,482
Allowance and other carrying costs for OREO		2,150			1,023			4,030			3,233			4,071
Other		5,015			4,688			4,627			4,786			4,175
Total non-interest expense		46,186			45,263			46,399			44,582			42,602
Income from continuing operations before income taxes		33,615			25,782			18,283			18,551			14,605
Income tax expense		11,905			9,074			6,344			6,475			5,074
Income from continuing operations		21,710			16,708			11,939			12,076			9,531
Loss from discontinued operations (after-tax)		(7	)		(54	)		(60	)		(22	)		(5	)
Net income	$	21,703		$	16,654		$	11,879		$	12,054		$	9,526

8

TEXAS CAPITAL BANCSHARES, INC.

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

	3rd Quarter 2011							2nd Quarter 2011							1st Quarter 2011							4th Quarter 2010							3rd 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	$	115,871	$	1,214		4.16	%	$	127,269	$	1,346		4.24	%	$	140,007	$	1,500		4.35	%	$	155,180	$	1,666		4.26	%	$	173,835	$	1,890		4.31	%
Securities — Non-taxable(2)		33,051		477		5.73	%		35,804		514		5.76	%		37,154		532		5.81	%		37,848		541		5.67	%		38,357		548		5.67	%
Federal funds sold		20,864		3		0.06	%		14,303		5		0.14	%		44,322		28		0.26	%		241,907		118		0.19	%		107,404		50		0.18	%
Deposits in other banks		36,495		44		0.48	%		77,928		65		0.33	%		277,228		197		0.29	%		144,650		90		0.25	%		18,766		11		0.23	%
Loans held for sale		1,191,375		13,340		4.44	%		808,165		9,591		4.76	%		735,682		8,677		4.78	%		1,324,264		15,314		4.59	%		1,074,309		12,760		4.71	%
Loans held for investment		5,219,496		68,352		5.20	%		4,890,696		63,918		5.24	%		4,721,928		59,363		5.10	%		4,533,501		57,892		5.07	%		4,493,998		57,533		5.08	%
Less reserve for loan losses		66,215		—		—			68,031		—		—			70,142		—		—			74,580		—		—			74,810		—		—
Loans, net of reserve		6,344,656		81,692		5.11	%		5,630,830		73,509		5.24	%		5,387,468		68,040		5.12	%		5,783,185		73,206		5.02	%		5,493,497		70,293		5.08	%
Total earning assets		6,550,937		83,430		5.05	%		5,886,134		75,439		5.14	%		5,886,179		70,297		4.84	%		6,362,770		75,621		4.72	%		5,831,859		72,792		4.95	%
Cash and other assets		333,563							306,372							297,060							285,566							267,923
Total assets	$	6,884,500						$	6,192,506						$	6,183,239						$	6,648,336						$	6,099,782
Liabilities and Stockholders’ Equity
Transaction deposits	$	412,203	$	52		0.05	%	$	375,084	$	55		0.06	%	$	345,978	$	55		0.06	%	$	434,160	$	132		0.12	%	$	465,370	$	189		0.16	%
Savings deposits		2,253,123		1,664		0.29	%		2,465,118		1,700		0.28	%		2,469,435		2,371		0.39	%		2,511,343		3,978		0.63	%		2,222,431		4,228		0.75	%
Time deposits		468,196		1,032		0.87	%		541,337		1,351		1.00	%		709,604		1,921		1.10	%		1,022,509		3,068		1.19	%		955,703		3,044		1.26	%
Deposits in foreign branches		588,221		443		0.30	%		415,998		311		0.30	%		376,570		524		0.56	%		451,088		1,193		1.05	%		418,112		1,299		1.23	%
Total interest bearing deposits		3,721,743		3,191		0.34	%		3,797,537		3,417		0.36	%		3,901,587		4,871		0.51	%		4,419,100		8,371		0.75	%		4,061,616		8,760		0.86	%
Other borrowings		894,073		240		0.11	%		233,388		110		0.19	%		159,450		109		0.28	%		212,939		230		0.43	%		230,043		262		0.45	%
Trust preferred subordinated debentures		113,406		634		2.22	%		113,406		638		2.26	%		113,406		633		2.26	%		113,406		876		3.06	%		113,406		972		3.40	%
Total interest bearing liabilities		4,729,222		4,065		0.34	%		4,144,331		4,165		0.40	%		4,174,443		5,613		0.55	%		4,745,445		9,477		0.79	%		4,405,065		9,994		0.90	%
Demand deposits		1,525,087							1,455,366							1,417,734							1,337,213							1,142,735
Other liabilities		53,233							40,177							47,753							35,589							28,997
Stockholders’ equity		576,958							552,632							543,309							530,089							522,985
Total liabilities and stockholders’ equity	$	6,884,500						$	6,192,506						$	6,183,239						$	6,648,336						$	6,099,782
Net interest income			$	79,365						$	71,274						$	64,684						$	66,144						$	62,798
Net interest margin						4.81	%						4.86	%						4.46	%						4.12	%						4.27	%

(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