CommunityOne Bancorp 8-K FNB United Corp. Announces First Quarter Results

Exhibit 99.1

For Immediate Release	For More Information
May 23, 2011	Mark Brock 704-926-1305 mbrock@wrayward.com John Mader 704-926-1316 jmader@wrayward.com

FNB United Corp.Ÿ PO Box 1328, Asheboro, NC 27204Ÿ 150 S. Fayetteville Street, Asheboro, NC 27203

FNB United Corp. Announces First Quarter Results

Asheboro, NC – FNB United Corp. (NASDAQ:FNBN), the holding company for CommunityONE Bank, N.A. today reported that following a $20.2 million provision to the allowance for loan losses and OREO costs and write downs of $16.2 million, the Company had a net loss of $44.7 million, or $3.91 per diluted share, for the first quarter of 2011, compared to a net loss of $4.4 million, or $0.38 per diluted share, for the first quarter of 2010.

“We continue to make great strides in addressing the asset quality issues that have persisted over the past couple of years. Non-performing assets have declined from record levels at December 31, 2010 of $393 million to $365 million at March 31, 2011, and delinquent performing loans decreased from $24.7 million to $16.1 million during this same period,” said R. Larry Campbell, Interim President and CEO.

Restatement of December 31, 2010 Financial Statements

The Company concluded that the financial statements for the year ended December 31, 2010, as filed with the Securities and Exchange Commission, should be amended and restated to correct the recorded amounts of valuation allowances for impaired loans and valuation write-downs for other real estate owned (OREO) as of December 31, 2010. The Company has determined that the misstatement relates to its failure to reflect all events or transactions available prior to its filing its annual report on Form 10-K for the year ended December 31, 2010, that related to the valuation of impaired loans and OREO and provided additional evidence about conditions that existed as of year-end 2010.

Specifically, the corrections relate to $8.6 million in charge-offs in the first quarter of 2011 for impaired loans that existed at December 31, 2010 and that should have had specific reserves in the December 31, 2010 allowance for loan losses, $8.9 million in specific reserves for impaired loans recorded during the first three months of 2011 that should have been included as specific reserves in the year-end 2010 allowance for loan losses due to updated appraisals received in the first quarter of 2011, and $1.4 million in write-downs of OREO in the first quarter of 2011 that should have been recorded as of December 31, 2010. Based on these corrections,

FNB United Corp. 1Q11 Results

May 23, 2011

FNB United has determined that the amount of the allowance for loan losses should be increased by $18.9 million, for a total of $93.7 million, for the year ended December 31, 2010, and that write-downs of OREO should be increased by $1.4 million, to a total of $9.9 million, for the year ended December 31, 2010.

Material Definitive Agreements

On April 26, 2011, FNB United announced that it had entered into an agreement and plan of merger with Bank of Granite Corporation, parent company of Bank of Granite. The merger is subject to various and customary conditions to closing and is expected to occur, upon satisfaction of those conditions, in the third quarter of 2011. Following the merger, Bank of Granite Corporation will become a subsidiary of FNB United.

In connection with the plan of merger, the Company entered into separate binding investment agreements with an affiliate of The Carlyle Group and affiliates of Oak Hill Capital Partners to sell to them common stock of the Company , subject to the terms of the investment agreements. Funds affiliated with Carlyle and Oak Hill Capital will each purchase 484,375,000 shares of FNB common stock at a price of $0.16 per share, or approximately $77.5 million for each of Carlyle and Oak Hill Capital. If the investments are completed, each investor will own approximately 23.02% of the voting equity of the Company after giving effect to the merger with Granite, the investments, and the other transactions contemplated to be implemented in connection with such transactions.

The investments by Carlyle and Oak Hill Capital are part of a recapitalization plan of FNB United involving (1) a $310 million issuance of common stock, (2) the exchange of $51.5 million of FNB United preferred stock held by the U. S. Treasury for FNB United common stock, and (3) the settlement of $2.5 million of CommunityOne Bank subordinated debt and the redemption of $12.5 million of CommunityOne Bank preferred stock, both of which are held by SunTrust Bank.

Regulatory Actions

CommunityONE Bank consented and agreed to the issuance of a Consent Order by the Office of the Comptroller of the Currency on July 22, 2010, which mandates specific actions by the Bank to address certain findings from the OCC’s examination and the Bank’s current financial condition. The Consent Order contains various requirements, including a capital directive, more controls on future extensions of credit, and the Bank’s development of various programs and procedures to improve its asset quality. The capital directive requires the Bank to achieve and maintain minimum regulatory capital levels in excess of the statutory minimums to be well-capitalized. In addition, on October 21, 2010, FNB United Corp. entered into a written agreement with the Federal Reserve Bank of Richmond. Pursuant to the agreement, FNB

FNB United Corp. 1Q11 Results

May 23, 2011

United’s Board of Directors agreed to take appropriate steps to utilize fully FNB United’s financial and managerial resources to serve as a source of strength to CommunityONE Bank, including causing the Bank to comply with the Consent Order issued by the OCC.

Campbell stated, “We are in the process of recapitalizing the Company as well as submitting to the OCC a revised capital restoration plan that is designed to restore the capital levels at both the holding company and the Bank and reflects the merger and investment agreements we announced last month. Further, FNB United is actively working with financial advisors, third party advisors and a team of management consultants to complete the recapitalization. We are regularly communicating with the OCC and Federal Reserve Bank on the plans and actions being taken to comply with capital ratios in the agreements.”

Asset Quality and Provision for Loan Losses

FNB United recorded a $20.2 million provision to its allowance for loan losses in the first quarter, compared to a $40.3 million provision in the previous quarter and $9.5 million in the first quarter a year ago. The provision in the first quarter was the result of continued diligence in adjusting impaired loans to current fair values that existed on March 31, 2011 and recognizing credit quality trends in the portfolio. “As we continue our efforts to get problem assets to manageable levels, the Company experienced $45.9 million in charge-offs in the first quarter of 2011, of which $44.4 million was reserved at December 31, 2010,” said Campbell. Acquisition and development loans and non-owner occupied commercial real estate loans comprised 50% and 24%, respectively, of the charge-offs during the first quarter of 2011. Net charge-offs were $45.1 million, or 14.48% of average loans annualized, as of March 31, 2011, while net charge-offs were $12.3 million, or 3.51% of average loans annualized, in the previous quarter and $3.1 million, or 0.80% of average loans annualized, in the first quarter a year ago.

The allowance for loan losses was $68.7 million, or 5.78% of loans held for investment, at March 31, 2011, compared to $93.7 million, or 7.18%, at December 31, 2010, and $55.9 million, or 3.61%, at March 31, 2010. The decrease from 7.18% at December 31, 2010 to 5.76% at March 31, 2011 was the result of improvements in certain credit quality measures.

Nonperforming assets totaled $365.7 million, or 19.84% of total assets, at March 31, 2011, compared to $393.7 million, or 20.49% of total assets, three months earlier and $242.1 million, or 11.91%, of total assets at March 31, 2010. Nonperforming assets include all nonperforming loans, all loans over 90 days delinquent and still accruing, and other real estate owned. FNB United’s real estate owned and repossessed loan collateral was $73.0 million at quarter-end, compared to $63.6 million in the previous quarter, and $41.4 million at March 31, 2010.

FNB United Corp. 1Q11 Results

May 23, 2011

Loans delinquent 30 to 89 days were $16.1 million as of March 31, 2011, compared to $24.7 million at December 31, 2010, and $30.9 million at March 31, 2010. The Bank did not have any loans 90 days or more past due and still accruing at March 31, 2011. The Bank had loans 90 days or more past due and still accruing of $4.8 million at December 31, 2010.

During the past year, the Bank has significantly increased staff and engaged third-party contractors in its special assets division to manage the process of reducing the level of non-performing assets. These individuals are all experienced in loan restorations and resolutions and well equipped to resolve credit problems through forbearance, restructuring and modification agreements as well as note sales.

Net Interest Margin

First quarter 2011 net interest income before the provision for loan losses was $9.2 million, compared to $10.9 million in the preceding quarter and $15.4 million in the first quarter 2010. FNB United’s net interest margin was 2.13% for the first quarter of 2011 compared to 3.35% in the first quarter a year ago. The decrease in net interest income is primarily driven by the decrease in earning assets coupled with the increase of nonperforming assets since March 31, 2010.

Noninterest Income

Total noninterest income was $3.7 million for the first quarter 2011, compared to $12.9 million in the previous quarter and $4.7 million in the first quarter a year ago. The decrease from the prior quarter was primarily attributable to gains from the sale of investment securities taken in the fourth quarter to augment capital ratios. Service charges on deposit accounts continue to decline, decreasing 25% from a year ago levels due to reduced economic activity as well as the new “Opt-In” Regulation E changes that became effective for new and existing deposit customers this past year. In addition, mortgage loan income declined 52% primarily due to reduced production sold into the secondary market as well as the continued effects of the recession on the housing sector and the discontinuance of all remaining operations in March 2011 at Dover Mortgage Company, the wholly owned subsidiary of CommunityONE Bank.

Noninterest Expense

Total noninterest expense was $32.9 million in the first quarter of 2011, compared to $27.4 million in the preceding quarter and $13.6 million in the first quarter a year ago. The increase of $19.3 million in total noninterest expense from the first 2011 versus the first quarter 2010 is primarily due to an increase of $15.7 million in other real estate owned expenses and a $1.1 million increase in FDIC assessments.

FNB United Corp. 1Q11 Results

May 23, 2011

Loans Held for Investment

Assets have decreased 9.3% to $1.84 billion at March 31, 2011, compared to $2.03 billion a year earlier. Loans held for investment were $1.19 billion at quarter-end, compared to $1.55 billion a year earlier, or a decrease of 23.2%. In accomplishing this decrease, the Company has been executing a strategy to reduce concentrations in acquisition & development loans and non-owner occupied commercial real estate loans since 2008. Acquisition and development loans have decreased 54.8%, from $413.1 million at December 31, 2008 to $186.7 million at March 31, 2011, while non-owner occupied commercial real estate loans have decreased 11.3%, from $203.4 million at December 31, 2008 to $180.5 million at March 31, 2011.

Deposits

Total deposits have remained relatively stable, only decreasing 1.3% to $1.66 billion at March 31, 2011, compared to $1.68 billion twelve months earlier. Brokered certificates of deposits were $132.7 million at March 31, 2011, which was 7.98% of total deposits, compared to $46.3 million at March 31, 2010, or 2.75% of total deposits.

Capital Measures

The Bank has been designated critically undercapitalized for regulatory purposes as of April 29, 2011, the date of its first quarter Report of Condition and Income filed with the OCC. The Bank had a Tangible Equity Ratio of (0.76)% as of March 31, 2011. The Company’s book value per share was $(11.66) at quarter-end compared to $3.72 a year earlier, and tangible book value per share was $(12.01) at quarter-end, compared to $3.30 a year earlier.

Deposit Insurance

The Bank’s customer deposits are fully insured by the FDIC to the maximum extent allowed by law. The standard deposit insurance amount is $250,000 per depositor for each account ownership category. In addition, all funds in a “noninterest-bearing transaction account” are insured in full by the FDIC through December 31, 2012. This temporary unlimited coverage is in addition to, and separate from, the $250,000 coverage available to depositors under the FDIC’s general deposit insurance rules.

About the Company

FNB United Corp. is the Asheboro, North Carolina based bank holding company for CommunityONE Bank, N.A. Opened in 1907, CommunityONE Bank (MyYesBank.com) operates 45 offices in 38 communities throughout central, southern and western North Carolina and offers

FNB United Corp. 1Q11 Results

May 23, 2011

a complete line of consumer, mortgage and business banking services, including loan, deposit, cash management, wealth management and internet banking services.

This news release may contain forward-looking statements regarding future events. Forward-looking statements often address our expected future business and financial performance, and often contain words such as “expect,” “anticipate,” “intend,” “plan,” “believe,” “seek,” or “will.” These statements are only predictions and are subject to risks and uncertainties that could cause the actual events or results to differ materially. These risks and uncertainties include risks of managing our growth, changes in financial markets, changes in real estate markets, regulatory changes, changes in interest rates, changes in economic conditions being less favorable than anticipated, and loss of deposits and loan demand to other financial institutions. Additional information concerning factors that could cause actual results to be materially different from those in the forward-looking statements is contained in FNB United’s filings with the Securities and Exchange Commission. FNB United does not assume any obligation to update these forward-looking statements or to update the reasons why actual results could differ from those projected in the forward-looking statements.

RESULTS OF OPERATIONS (Unaudited)

(Dollars in thousands except share and per share data)

	Quarter Ended									Percent Change From
	March 31, 2011			December 31, 2010			March 31, 2010			December 31, 2010			March 31, 2010
Interest Income
Interest and fees on loans	$	13,061		$	14,963		$	19,101			-12.7	%		-31.6	%
Interest and dividends on investments securities:
Taxable income		2,080			2,428			3,825			-14.3	%		-45.6	%
Non-taxable income		163			335			435			-51.3	%		-62.5	%
Other interest income		165			158			86			4.4	%		91.9	%
Total interest income		15,469			17,884			23,447			-13.5	%		-34.0	%
Interest Expense
Deposits		5,168			5,778			6,402			-10.6	%		-19.3	%
Borrowed funds		1,094			1,240			1,648			-11.8	%		-33.6	%
Total interest expense		6,262			7,018			8,050			-10.8	%		-22.2	%
Net Interest Income before Provision for Loan Losses		9,207			10,866			15,397			-15.3	%		-40.2	%
Provision for loan losses		20,183			40,329			9,490			-50.0	%		112.7	%
Net Interest (Loss)/Income After Provision for Loan Losses		(10,976	)		(29,463	)		5,907			-62.7	%		-285.8	%
Noninterest Income
Service charges on deposit accounts		1,445			1,667			1,938			-13.3	%		-25.4	%
Mortgage loan income		121			439			255			-72.4	%		-52.5	%
Cardholder and merchant services income		766			763			680			0.4	%		12.6	%
Trust and investment services		401			514			479			-22.0	%		-16.3	%
Bank-owned life insurance		400			245			241			63.3	%		66.0	%
Other service charges, commissions and fees		252			313			359			-19.5	%		-29.8	%
Security gains		13			8,820			669			-99.9	%		-98.1	%
Fair value swap gains		92			111			45			-17.1	%		104.4	%
Other income		207			37			29			459.5	%		613.8	%
Total noninterest income		3,697			12,909			4,695			-71.4	%		-21.3	%
Noninterest Expense
Personnel expense		6,494			6,392			6,640			1.6	%		-2.2	%
Net occupancy expense		1,186			1,167			1,241			1.6	%		-4.4	%
Furniture, equipment and data processing expense		1,607			1,639			1,695			-2.0	%		-5.2	%
Professional fees		1,239			1,001			677			23.8	%		83.0	%
Stationery, printing and supplies		120			137			108			-12.4	%		11.1	%
Advertising and marketing		140			369			448			-62.1	%		-68.8	%
Other real estate owned		16,186			8,100			471			99.8	%		3336.5	%
Credit/debit card expense		392			389			462			0.8	%		-15.2	%
FDIC assessment		1,863			2,926			721			-36.3	%		158.4	%
Other expense		3,637			5,271			1,096			-31.0	%		231.8	%
Total noninterest expense		32,864			27,391			13,559			20.0	%		142.4	%
Loss from Continuing Operations,Before Income Taxes		(40,143	)		(43,945	)		(2,957	)		-8.7	%		1257.6	%
Income Tax (Benefit)/Expense - Continuing Operations		(128	)		3,491			599			-103.7	%		-121.4	%
Net Loss from Continuing Operations		(40,015	)		(47,436	)		(3,556	)		-15.6	%		1025.3	%
Loss from Discontinued Operations, Before Income Taxes		(3,693	)		(1,188	)		(34	)		210.9	%		10761.8	%
Income Tax (Benefit)/Expense - Discontinued Operations		—			84			(13	)		-100.0	%		-100.0	%
Net Loss from Discontinued Operations		(3,693	)		(1,272	)		(21	)		190.3	%		17485.7	%
Net Loss		(43,708	)		(48,708	)		(3,577	)		-10.3	%		1121.9	%
Preferred stock dividends		(1,020	)		(828	)		(819	)		23.2	%		24.5	%
Net Loss Available to Common Shareholders	$	(44,728	)	$	(49,536	)	$	(4,396	)		-9.7	%		917.5	%
Net loss per common share from continuing operations - basic and diluted	$	(3.59	)	$	(4.22	)	$	(0.38	)		-15.0	%		837.9	%
Net loss per common share from discontinued operations - basic and diluted	$	(0.32	)	$	(0.11	)	$	—			190.3	%		100.0	%
Net loss available to common shareholders per share - basic and diluted	$	(3.91	)	$	(4.33	)	$	(0.38	)		-9.7	%		914.8	%
Cash dividends declared per common share	$	—		$	—		$	—			N/A			N/A
Weighted average number of common shares outstanding - basic and diluted		11,424,658			11,423,758			11,424,159			N/A			N/A

NM = Not Meaningful

N/A = Not Applicable

FINANCIAL CONDITION (Unaudited)

(Dollars in thousands except share and per share data)

	As of									Percent Change From
	March 31, 2011			December 31, 2010			March 31, 2010			December 31, 2010			March 31, 2010
ASSETS
Cash and due from banks	$	24,919		$	21,051		$	49,346			18.4	%		-49.5	%
Interest-bearing bank balances		122,740			139,543			351			-12.0	%		34868.7	%
Securities available-for-sale		366,274			305,331			183,192			20.0	%		99.9	%
Securities held-to-maturity		—			—			84,853			N/A			-100.0	%
Loans held for sale		—			—			4,384			N/A			-100.0	%
Loans held for investment		1,188,904			1,303,975			1,548,405			-8.8	%		-23.2	%
Less: Allowance for loan losses		(68,729	)		(93,687	)		(55,895	)		-26.6	%		23.0	%
Net loans held for investment		1,120,175			1,210,288			1,492,510			-7.4	%		-24.9	%
Premises and equipment, net		44,116			44,929			47,318			-1.8	%		-6.8	%
Other real estate owned		67,331			62,058			41,359			8.5	%		62.8	%
Core deposit premiums		3,975			4,173			4,769			-4.7	%		-16.6	%
Bank-owned life insurance		32,230			31,968			31,146			0.8	%		3.5	%
Other assets		33,488			43,939			52,572			-23.8	%		-36.3	%
Assets from discontinued operations		12,692			39,089			40,744			-67.5	%		-68.8	%
Total Assets	$	1,827,940		$	1,902,369		$	2,032,544			-3.9	%		-10.1	%
LIABILITIES
Deposits:
Noninterest-bearing demand deposits	$	156,728		$	148,933		$	156,780			5.2	%		0.0	%
Interest-bearing deposits:
Demand, savings, and money market deposits		565,240			585,815			612,219			-3.5	%		-7.7	%
Time deposits of $100,000 or more		524,265			544,732			467,009			-3.8	%		12.3	%
Other time deposits		415,739			416,910			447,273			-0.3	%		-7.1	%
Total deposits		1,661,972			1,696,390			1,683,281			-2.0	%		-1.3	%
Retail repurchase agreements		10,551			9,628			13,907			9.6	%		-24.1	%
Federal Home Loan Bank advances		144,112			144,485			151,085			-0.3	%		-4.6	%
Subordinated debt		2,500			7,500			15,000			-66.7	%		-83.3	%
Junior subordinated debentures		56,702			56,702			56,702			0.0	%		0.0	%
Other liabilities		16,650			14,600			16,386			14.0	%		1.6	%
Liabilities from discontinued operations		3,157			1,901			1,383			66.1	%		128.3	%
Total liabilities		1,895,644			1,931,206			1,937,744			-1.8	%		-2.2	%
SHAREHOLDERS’ EQUITY
Series A preferred stock		49,111			48,924			48,380			0.4	%		1.5	%
Preferred stock		12,500			7,500			—			66.7	%		100.0	%
Common stock warrants		3,891			3,891			3,891			0.0	%		0.0	%
Common stock		28,561			28,561			28,566			0.0	%		0.0	%
Surplus		115,080			115,073			115,059			0.0	%		0.0	%
Accumulated deficit		(272,990	)		(229,095	)		(100,630	)		19.2	%		171.3	%
Accumulated other comprehensive loss		(3,857	)		(3,691	)		(466	)		4.5	%		727.7	%
Total shareholders’ equity		(67,704	)		(28,837	)		94,800			134.8	%		-171.4	%
Total Liabilities and Shareholders’ Equity	$	1,827,940		$	1,902,369		$	2,032,544			-3.9	%		-10.1	%
Shares outstanding at end of period		11,424,390			11,424,390			11,426,413			0.0	%		0.0	%
Book value per common share (1)	$	(11.66	)	$	(7.80	)	$	3.72			49.4	%		-413.3	%
Tangible book value per common share (1)(2)		(12.01	)		(8.17	)		3.30			47.0	%		-463.4	%

N/A = Not Applicable

(1) - Calculation is based on number of shares outstanding at the end of the period rather than weighted average shares outstanding and does not include preferred stock or stock warrants.

(2) - Calculation excludes goodwill and core deposit premiums.

ADDITIONAL FINANCIAL INFORMATION

(Dollars in thousands)

(Rates / Ratios Annualized)

	For the Three Months Ended March 31,
	2011			2010
Average Balances
Assets	$	1,910,982		$	2,075,684
Loans held for sale (1)		—			2,444
Loans held for investment(2)		1,263,976			1,555,348
Deposits		1,689,577			1,709,876
Borrowings		216,725			250,274
Shareholders’ equity (deficit)		(11,824	)		98,742
Per Common Share Data
Net loss per common share from continuing operations - basic and diluted	$	(3.59	)	$	(0.38	)
Net loss per common share from discontinued operations - basic and diluted		(0.32	)		—
Net loss available to common shareholders per share - basic and diluted		(3.91	)		(0.38	)
Cash dividends declared		—			—
Book value		(11.66	)		3.72
Tangible book value		(12.01	)		3.30
Performance Ratios
Return on average assets		(9.28	)%		(0.70	)%
Return on average tangible assets(3)		(9.26	)		(0.70	)
Return on average equity (4)		NM			(14.69	)
Return on average tangible equity(3)		NM			(15.46	)
Net interest margin (tax equivalent)		2.13			3.35
Dividend payout on common shares(4)		NM			NM
Capital and Liquidity Ratios
Average equity to average assets		(0.62	)%		4.76	%
Total risk-based capital		(2.02	)		10.53
Tier 1 risk-based capital		(2.02	)		6.90
Leverage capital		(1.41	)		5.62
Average loans to average deposits		74.81			90.96
Average loans to average deposits and borrowings		66.31			79.35

NM - Not Meaningful

(1) Excludes discontinued operations.

(2) Loans held for investment, net of unearned income, before allowance for loan losses.

(3) Refer to the “Non-GAAP Measures” section in Item 2. of the March 31, 2011 Report Form 10-Q.

(4) Net loss available to common shareholders, which excludes preferred stock dividends, divided by average realized common equity which excludes accumulated other comprehensive loss.

ADDITIONAL FINANCIAL INFORMATION

(Dollars in thousands)

	As of / For the Quarters Ended
NONPERFORMING ASSETS	March 31, 2011			December 31, 2010			March 31, 2010
Loans on nonaccrual status	$	292,584		$	325,068		$	196,405
Loans more than 90 days delinquent, still on accrual		—			4,818			4,236
Total nonperforming loans from continuing operations		292,584			329,886			200,641
Real estate owned (OREO)/Repossessed assets		67,454			62,196			41,438
Total nonperforming assets from continuing operations		360,038			392,082			242,079
Assets of discontinued operations		62			168			—
Total nonperforming assets	$	360,100		$	392,250		$	242,079
Total nonperforming assets/Total assets		19.70	%		20.62	%		11.91	%
CHANGE IN THE ALLOWANCE FOR LOAN LOSSES	March 31, 2011			December 31, 2010			March 31, 2010
Balance, beginning of period from continuing operations	$	93,687		$	66,065		$	49,229
Provision		20,183			40,329			9,490
Loans charged-off		(45,909	)		(13,180	)		(3,507	)
Recoveries of loans previously charged off		768			858			451
Net (charge-offs)/recoveries from continuing operations		(45,141	)		(12,322	)		(3,056	)
Provision for losses charged to discontinued operations		—			(385	)		232
Balance, end of period	$	68,729		$	93,687		$	55,895
Net chargeoffs/Average loans outstanding (annualized)		14.48	%		3.51	%		0.80	%
Allowance for loan losses/Loans held for investment *		5.78	%		7.18	%		3.59	%
*  Excludes discontinued operations.
DEPOSITS	March 31, 2011			December 31, 2010			March 31, 2010
Noninterest-bearing	$	156,728		$	148,933		$	156,780
Interest-bearing transaction deposits:
Checking		230,000			230,084			232,835
Money Market		290,397			312,007			335,602
Savings		44,843			43,724			43,782
Total interest-bearing transaction deposits		565,240			585,815			612,219
Interest-bearing time deposits		940,004			961,642			914,282
Total deposits	$	1,661,972		$	1,696,390		$	1,683,281