Berkshire Hills Bancorp, Inc
(NYSE:BHLB)

Berkshire Hills Bancorp, Inc. operates as a bank holding company for Berkshire Bank that provides various banking products and services. It offers various deposit accounts, including demand deposit, NOW, regular savings, money market savings, time certificates of deposit, and retirement deposit acco...

Website: http://www.berkshirebank.com

Founded: 1846

Full Time Employees: 1,507

Sector: Financial Services

Industry: Banks-Regional

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At a glance:

Bull Thesis:

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Income Statements:

Quarterly

Annual

Unit: USD	2026-03-31	2025-12-31	2025-09-30	2025-06-30	2025-03-31	2024-12-31	2024-09-30	2024-06-30	2024-03-31	2023-12-31	2023-09-30	2023-06-30	2023-03-31	2022-12-31	2022-09-30	2022-06-30	2022-03-31	2021-12-31	2021-09-30	2021-06-30	2021-03-31	2020-12-31	2020-09-30	2020-06-30	2020-03-31	2019-12-31	2019-09-30	2019-06-30	2019-03-31	2018-12-31	2018-09-30	2018-06-30	2018-03-31	2017-12-31	2017-06-30	2017-03-31	2016-12-31	2016-09-30	2016-06-30	2016-03-31	2015-12-31	2015-06-30	2015-03-31	2014-12-31	2013-12-31	2013-03-31	2012-06-30	2011-09-30	2011-06-30	2011-03-31	2010-12-31	2010-09-30	2010-06-30	2010-03-31	2009-12-31	2009-09-30	2009-06-30	2009-03-31	2008-12-31	2008-09-30	2008-06-30	2008-03-31	2007-12-31	2007-09-30	2007-06-30	2007-03-31	2006-12-31	2006-09-30	2006-06-30	2006-03-31	2005-12-31	2005-03-31

interest and dividend income:
loans and leases	266,935,000	282,039,000	198,273,000
debt securities	16,510,000	16,335,000	10,984,000
restricted equity securities	843,000	1,160,000	1,466,000
short-term investments	8,096,000	9,293,000	5,438,000																																																																11,750	15,000	15,000	17,000		11,000
total interest and dividend income	292,384,000	308,827,000	216,161,000	151,469,000	148,330,000	150,555,000	157,268,000	154,109,000	152,006,000	150,537,000	148,021,000	145,425,000	132,316,000	121,384,000	103,671,000	87,379,000	74,823,000	75,860,000	79,688,000	85,364,000	88,153,000	92,131,000	97,768,000	103,688,000	116,195,000	125,441,000	133,725,000	129,238,000	121,109,000	127,851,000	119,191,000	116,879,000	107,240,000		84,666,000	80,709,000	72,434,000	70,511,000	69,018,000	68,476,000		60,403,000	52,751,000			50,881,000	42,656,000	39,266,000	32,053,000	27,913,000	28,369,000	28,463,000	27,963,000	27,482,000	28,371,000	28,460,000	28,765,000	29,880,000	32,762,000	33,092,000	32,834,000	34,523,000	35,849,000	32,631,000	31,994,000	31,470,000	31,381,000	31,388,000	28,212,000	27,070,000		16,037,000
interest expense:
deposits	93,056,000	102,439,000	71,901,000	52,623,000	52,888,000	55,743,000	58,374,000	57,036,000	56,862,000	52,857,000	44,008,000	35,966,000	26,082,000	16,929,000	8,164,000	4,170,000	4,174,000	4,830,000	5,842,000	6,981,000	9,583,000	12,255,000	16,070,000	20,552,000	23,838,000	28,797,000	31,501,000	28,273,000	26,622,000	23,811,000	21,460,000	17,768,000	15,325,000		9,971,000	9,098,000	8,556,000	7,790,000	7,378,000	7,159,000		5,292,000	4,949,000			5,363,000	5,482,000	6,097,000	5,768,000	5,715,000	2,184,246,000	6,512,000	6,787,000	6,896,000	7,419,000	8,045,000	8,677,000	8,473,000	1,797,095,000	9,676,000	10,521,000	12,288,000	13,748,000	12,581,000	12,318,000	11,949,000	11,679,000	10,766,000	9,843,000	8,756,000		3,373,000
borrowed funds	8,554,000	10,403,000	11,654,000
total interest expense	101,610,000	112,842,000	83,555,000	59,548,000	58,559,000	63,700,000	69,209,000	65,577,000	63,866,000	62,116,000	57,687,000	52,666,000	34,783,000	19,292,000	11,587,000	6,021,000	5,760,000	6,548,000	8,320,000	9,971,000	13,060,000	16,422,000	20,713,000	26,098,000	29,767,000	34,108,000	36,854,000	37,643,000	35,650,000	34,447,000	29,850,000	25,758,000	21,770,000		15,121,000	13,823,000	13,276,000	12,540,000	11,577,000	10,779,000		7,766,000	7,258,000			8,944,000	7,603,000	8,228,000	7,852,000	7,767,000	8,274,000	8,779,000	9,092,000	9,185,000	10,375,000	11,295,000	12,041,000	12,169,000	13,292,000	13,763,000	14,187,000	16,229,000	17,631,000	17,152,000	16,956,000	16,280,000	15,810,000	15,785,000	13,754,000	12,462,000		6,010,000
net interest income	190,774,000	195,985,000	132,606,000	91,921,000	89,771,000	86,855,000	88,059,000	88,532,000	88,140,000	88,421,000	90,334,000	92,759,000	97,533,000	102,092,000	92,084,000	81,358,000	69,063,000													93,404,000	89,341,000	91,121,000	85,470,000		69,545,000	66,886,000	59,158,000	57,971,000	57,441,000	57,697,000		52,637,000	45,493,000			41,937,000	35,053,000	31,038,000	24,201,000	20,146,000	20,095,000	19,684,000	18,871,000	18,297,000	17,996,000	17,165,000	16,724,000	17,711,000	19,470,000	19,329,000	18,647,000	18,294,000	18,218,000	15,479,000	15,038,000	15,190,000	15,571,000	15,603,000	14,458,000	14,608,000		10,027,000
provision for credit losses on loans	7,899,000	25,116,750	87,496,000
provision for credit losses on investments	47,000
net interest income after provision for credit losses	182,828,000	255,107,000	45,078,000
non-interest income:
deposit fees	8,347,000	9,843,000	5,005,000																																																																1,000,750	1,334,000	1,383,000
loan fees	2,366,000	2,189,000	1,004,000																																																																140,000	209,000	125,000
loan level derivative income	775,000	721,000	635,000
gain on sales of loans and leases held-for-sale	2,689,000	365,750	1,175,000
wealth management fees	4,464,000	4,370,000	2,466,000	2,657,000	2,955,000	2,658,000	2,685,000	2,613,000	2,884,000	2,394,000	2,481,000	2,583,000	2,739,000	2,255,000	2,353,000	2,775,000	2,625,000	2,586,000	2,653,000	2,519,000	2,772,000	2,359,000	2,299,000	2,057,000	2,570,000	2,239,000	2,325,000	2,348,000	2,441,000	2,287,000	2,283,000	2,280,000	2,597,000		2,286,000	2,526,000	1,911,000	2,269,000	2,235,000	2,502,000		2,397,000	2,603,000			2,264,000	1,757,000	1,607,000	1,389,000	1,192,000	851,500	1,090,000	1,140,000	1,176,000	1,141,000	1,369,000	1,113,000	1,189,000	1,133,250	1,338,000	1,567,000	1,628,000	1,476,000	1,044,000	968,000	919,000	877,000	882,000	772,000
other	5,306,000	4,641,000	2,060,000	3,468,000	2,757,000	4,943,000	3,416,000	3,343,000	1,874,000	591,000	1,232,000	-137,000	359,000	-159,000	2,154,000	1,812,000	3,166,000	993,000	1,279,000	2,211,000	2,148,000	2,105,000	1,927,000	-999,000	-436,000	75,000	609,000	-216,000	970,000	1,666,000	468,000	155,000	1,268,000		-276,000	93,000	-2,849,000	188,000	-851,000	223,000		-1,258,000	3,949,000			344,000	269,000	-158,000	-277,000	448,000	178,500	230,000	51,000	433,000	-1,004,000	272,000	468,000	352,000	260,500	174,000	562,000	306,000	550,000	433,000	303,000	423,000	1,220,000	21,000	273,000	125,000
total non-interest income	23,947,000	25,918,000	12,345,000	21,752,000	20,672,000	23,325,000	37,555,000	20,133,000	-32,599,000	-8,383,000	17,465,000	17,094,000	16,606,000	15,654,000	16,251,000	16,351,000	20,681,000	21,409,000	73,635,000	22,011,000	26,193,000	23,327,000	19,963,000	17,381,000	5,636,000	23,362,000	21,406,000	17,512,000	21,722,000	21,068,000	29,281,000	30,030,000	29,520,000		32,798,000	34,757,000	16,725,000	18,941,000	14,555,000	15,630,000		16,780,000	12,562,000			14,798,000	12,288,000	10,674,000	8,170,000	8,502,000	5,844,000	6,915,000	7,963,000	8,498,000	4,652,000	7,260,000	8,405,000	8,672,000	6,304,500	7,235,000	8,511,000	9,472,000	7,068,000	2,444,000	6,893,000	8,237,000	5,831,000	-1,784,000	3,910,000	4,091,000		2,744,000
non-interest expense:
compensation and employee benefits	69,650,000	70,204,000	49,999,000
occupancy	13,097,000	11,877,000	6,921,000
equipment and data processing	20,127,000	19,754,000	11,110,000
professional services	2,462,000	2,778,000	2,114,000	961,000	1,714,000	2,765,000	2,109,000	2,757,000	2,676,000	3,417,000	2,423,000	2,526,000	3,277,000	3,153,000	3,285,000	2,913,000	2,692,000	2,365,000	3,180,000	3,701,000	6,614,000	4,055,000	2,567,000	2,565,000	2,720,000	2,288,000	2,282,000	3,953,000	2,275,000	3,634,000	1,867,000	1,139,000	2,053,000		2,190,000	2,451,000	1,666,000	1,744,000	1,509,000	1,280,000		1,375,000	1,272,000			1,490,000	1,493,000																				327,750	376,000	432,000	503,000		423,000
fdic insurance	4,320,000	1,924,000	1,971,000
advertising and marketing	1,679,000	2,157,000	1,583,000
amortization of identified intangible assets	8,328,000	8,777,000	3,587,000
merger and restructuring expense	13,025,000	14,424,000	45,863,000
total non-interest expense	140,822,000	142,366,000	129,296,000	68,144,000	70,366,000	77,575,000	71,960,000	70,931,000	76,020,000	78,992,000	76,513,000	74,048,000	71,955,000	70,014,000	81,677,000	68,475,000	68,550,000	69,407,000	69,460,000	68,872,000	78,154,000	71,796,000	72,843,000	624,275,000	71,325,000	70,287,000	71,011,000	76,568,000	71,991,000	90,188,000	70,977,000	72,337,000	76,869,000		69,523,000	74,326,000	61,090,000	48,844,000	46,268,000	47,100,000		54,025,000	45,148,000			39,483,000	34,184,000	34,710,000	28,623,000	23,189,000	21,415,000	20,094,000	20,028,000	20,192,000	21,196,000	18,944,000	19,978,000	18,453,000	17,256,000	17,737,000	18,632,000	18,074,000	18,392,000	16,589,000	15,103,000	15,409,000	14,652,000	11,353,000	11,638,000	11,225,000		7,536,000
income before provision for income taxes	65,953,000	138,659,000	-71,873,000
provision for income taxes	19,736,000	39,274,000	-21,633,000
net income	46,217,000	99,385,000	-50,240,000	30,366,000	25,719,000	19,657,000	37,509,000	24,025,000	-20,188,000	-1,445,000	19,545,000	23,861,000	27,637,000	15,507,000	18,717,000	23,115,000	20,196,000	20,248,000	63,749,000	21,636,000	13,031,000	15,009,000	21,225,000			25,751,000	22,616,000	25,448,000	23,635,000	14,259,000	32,227,000	34,031,000	25,248,000		19,694,000	15,460,000	10,331,000	16,381,000	15,957,000	16,001,000		10,044,000	8,759,000			10,465,000	7,986,000	4,392,000	1,877,000	2,798,000	3,570,000	3,424,000	3,408,000	3,336,000	-24,203,000	1,922,000	2,331,000	3,883,000	5,206,000	5,276,000	5,713,000	6,049,000	3,073,000	944,000	4,576,000	4,942,000	4,102,000	-2,120,000	4,463,000	4,818,000		3,252,000
yoy	79.70%	405.60%	-233.94%	26.39%	-227.40%	-1460.35%	91.91%	0.69%	-173.05%	-109.32%	4.42%	3.23%	36.84%	-23.41%	-70.64%	6.84%	54.98%	34.91%	200.35%			-41.71%	-6.15%			80.59%	-29.82%	-25.22%	-6.39%		63.64%	120.12%	144.39%		23.42%	-3.38%		63.09%	82.18%			-4.02%	9.68%			274.02%	123.70%	28.27%	-44.92%	-16.13%	-114.75%	78.15%	46.20%	-14.09%	-564.91%	-63.57%	-59.20%	-35.81%	69.41%	458.90%	24.85%	22.40%	-25.09%	-144.53%	2.53%	2.57%		-165.19%
qoq	-53.50%	-297.82%	-265.45%	18.07%	30.84%	-47.59%	56.12%	-219.01%	1297.09%	-107.39%	-18.09%	-13.66%	78.22%	-17.15%	-19.03%	14.45%	-0.26%	-68.24%	194.64%	66.03%	-13.18%	-29.29%				13.86%	-11.13%	7.67%	65.75%	-55.75%	-5.30%	34.79%			27.39%	49.65%	-36.93%	2.66%	-0.27%			14.67%				31.04%	81.83%	133.99%	-32.92%	-21.62%	4.26%	0.47%	2.16%	-113.78%	-1359.26%	-17.55%	-39.97%	-25.41%	-1.33%	-7.65%	-5.55%	96.84%	225.53%	-79.37%	-7.41%	20.48%	-293.49%	-147.50%	-7.37%
net income margin %	Infinity%	Infinity%	-Infinity%	26.71%	23.29%	17.84%	29.86%	22.11%	-36.35%	-1.81%	18.13%	21.72%	24.21%	13.17%	17.28%	23.66%	22.50%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	NaN%	NaN%	Infinity%	Infinity%	Infinity%	Infinity%	12.46%	27.17%	28.09%	21.96%	NaN%	19.24%	15.21%	13.61%	21.30%	22.16%	21.82%	NaN%	14.47%	15.09%		NaN%	18.45%	16.87%	10.53%	5.80%	9.77%	12.81%	12.87%	12.70%	12.45%	-106.87%	7.87%	9.28%	14.72%	20.14%	19.86%	21.04%	21.79%	19.42%	5.27%	20.87%	21.10%	Infinity%	-Infinity%	Infinity%	Infinity%	NaN%	Infinity%
earnings per common share:
basic	550	1,130	-570																											310	700	740
diluted	550	1,130	-570																											310	700	740
weighted-average common shares outstanding:
basic	83,816,086,000	87,377,933,000	87,508,517,000	45,764,000	45,684,000	42,508	42,170,000	42,437,000	42,777,000	43,288	43,164,000	43,443,000	43,693,000	45,564	44,700,000	45,818,000	47,668,000	49,240				50,270				49,263				46,024,000	46,030,000	46,032,000	45,966	39,456,000	37,324	35,280	30,988	30,621	30,605	30,511	28,393	28,301	24,803		24,802	24,948	21,742	20,009	16,580	13,943		13,865,000	13,856,000	13,829,000	13,189,000	13,806,000	12,946,000	12,164,000		10,303	10,302		9,223	8,922	8,732		8,538					5,300
diluted	83,903,440,000	87,701,567,000	87,508,517,000	46,007,000	46,061,000	42,761	42,454,000	42,508,000	43,028,000	43,504	43,347,000	43,532,000	44,036,000	45,914	45,034,000	46,102,000	48,067,000	49,554				50,270				49,421				46,231,000	46,263,000	46,215,000	46,200	39,695,000	37,474	35,452	31,167	30,811	30,765	30,688	28,564	28,461	24,955		24,965	25,143	21,806	20,105	16,601	13,981		13,893,000	13,894,000	13,858,000	13,189,000	13,857,000	12,946,000	12,247,000		10,400	10,384		9,370	9,045	8,875		8,730					5,691
dividends paid per common share	322.5	148.25	323
provision (recovery) of credit losses on investments		11,750	32,000
interest and dividend income
loans				138,190,000	135,163,000	137,628,000	142,879,000	139,460,000	136,560,000	135,355,000	132,816,000	126,871,000	117,493,000	107,729,000	90,266,000	74,843,000	62,474,000	64,292,000	68,018,000	73,921,000	75,933,000	79,756,000	85,688,000	90,876,000	101,695,000	110,915,000	118,371,000	113,990,000	105,651,000	112,732,000	104,273,000	101,649,000	92,835,000		71,983,000	68,943,000	62,884,000	61,571,000	59,703,000	58,442,000		51,504,000	44,445,000			47,081,000	38,787,000	35,719,000	28,607,000	24,606,000	2,068,808,000	24,917,000	24,490,000	23,947,000	24,869,000	25,034,000	25,370,000	26,432,000	1,893,020,000	30,078,000	29,823,000	31,323,000	32,666,000	29,719,000	29,152,000	28,522,000	28,075,000	26,388,000	24,017,000	22,356,000		11,916,000
securities and other				13,279,000	13,167,000	12,927,000	14,389,000	14,649,000	15,446,000	15,182,000	15,205,000	18,554,000	14,823,000	13,655,000	13,405,000	12,536,000	12,349,000	11,568,000	11,670,000	11,443,000	12,220,000	12,375,000	12,080,000	12,812,000	14,500,000	14,526,000	15,354,000	15,248,000	15,458,000	15,119,000	14,918,000	15,230,000	14,405,000		12,683,000	11,766,000	9,550,000	8,940,000	9,315,000	10,034,000		8,899,000	8,306,000			3,800,000	3,869,000	3,547,000	3,446,000	3,307,000	2,638,500	3,546,000	3,473,000	3,535,000	2,567,250	3,426,000	3,395,000	3,448,000	2,306,250	3,014,000	3,011,000	3,200,000	2,175,500	2,912,000	2,842,000	2,948,000
interest expense
borrowings and subordinated notes				6,925,000	5,671,000
non-interest income
deposit related fees				8,193,000	7,949,000	8,237,000	8,656,000	8,561,000	8,305,000	8,481,000	8,792,000	8,571,000	8,311,000	8,293,000	8,377,000	8,005,000	7,351,000	7,522,000	7,657,000	7,508,000	7,126,000	7,523,000	7,062,000	5,373,000	7,947,000	8,264,000	8,705,000	7,525,000	6,858,000	7,131,000	7,004,000	7,605,000	8,066,000		6,645,000	6,204,000	6,285,000	6,278,000	6,291,000	6,109,000		6,442,000	5,677,000			4,259,000	3,963,000	3,885,000	3,366,000	2,541,000
loan related fees				5,100,000	3,787,000	3,039,000	3,214,000	2,364,000	2,663,000																																					2,717,000	3,524,000	934,000	780,000	591,000
gain on sba loan sales				2,288,000	3,276,000					2,382,000	2,548,000	2,910,000	2,494,000
total fee income				18,238,000	17,967,000	18,569,000	17,575,000	16,832,000	15,551,000	15,315,000	16,700,000	17,253,000	16,013,000	15,650,000	14,573,000	15,512,000	18,260,000	19,465,000	20,637,000	20,284,000	24,076,000	17,577,000	19,053,000	17,558,000	15,802,000	20,202,000	20,710,000	17,711,000	18,201,000	22,425,000	28,725,000	29,178,000	29,273,000		33,075,000	28,723,000	19,704,000	18,112,000	15,419,000	15,371,000		15,654,000	13,783,000			14,454,000	12,012,000	8,857,000	8,317,000	8,054,000	5,665,500	6,685,000	7,912,000	8,065,000	6,110,000	6,992,000	6,694,000	8,385,000	6,049,500	7,057,000	7,975,000	9,166,000	5,044,250	5,854,000	6,590,000	7,733,000
fair value adjustments on securities				46,000	-52,000	-352,000	516,000	-42,000	-115,000	768,000	-467,000	-22,000
(loss) on sale of afs securities						-12,477,250			-49,909,000
total net revenue				113,673,000	110,443,000	110,180,000	125,614,000	108,665,000	55,541,000	80,038,000	107,799,000	109,853,000	114,139,000	117,746,000	108,335,000	97,709,000	89,744,000													114,472,000	118,622,000	121,151,000	114,990,000		102,343,000	101,643,000	75,883,000	76,912,000	71,996,000	73,327,000		69,417,000	58,055,000			56,735,000	47,341,000	41,712,000	32,371,000	28,648,000	27,878,000	26,599,000	26,834,000	26,795,000	22,648,000	24,425,000	25,129,000	26,383,000	25,847,000	26,564,000	27,158,000	27,766,000	15,820,500	17,923,000	21,931,000	23,427,000
yoy				4.61%	98.85%	37.66%	16.53%	-1.08%	-51.34%	-32.02%	-0.49%	12.43%	27.18%																		15.91%	19.19%	51.54%		42.15%	38.62%		10.80%	24.01%			22.35%	22.63%			98.04%	69.81%	56.82%	20.63%	6.92%	23.09%	8.90%	6.78%	1.56%	-12.38%	-8.05%	-7.47%	-4.98%	63.38%	48.21%	23.83%	18.52%
qoq				2.92%	0.24%	-12.29%	15.60%	95.65%	-30.61%	-25.75%	-1.87%	-3.76%	-3.06%	8.69%	10.88%	8.88%														-3.50%	-2.09%	5.36%			0.69%	33.95%	-1.34%	6.83%	-1.82%			19.57%				19.84%	13.49%	28.86%	13.00%	2.76%	4.81%	-0.88%	0.15%	18.31%	-7.28%	-2.80%	-4.75%	2.07%	-2.70%	-2.19%	-2.19%	75.51%	-11.73%	-18.28%	-6.39%
provision expense for credit losses				4,000,000	5,500,000	6,000,000	5,500,000	6,499,000	6,000,000	6,249,750	8,000,000	8,000,000	8,999,000
non-interest expense
compensation and benefits				39,303,000	40,635,000	38,929,000	40,663,000	40,126,000	40,735,000	40,095,000	40,155,000	39,960,000	39,071,000	37,968,000	39,422,000	37,830,000	37,521,000	37,816,000	37,068,000	36,970,000	38,735,000	36,719,000	34,809,000	39,403,000	36,909,000	35,355,000	37,272,000	34,779,000	33,500,000	41,944,000	39,923,000	41,134,000	42,184,000		36,997,000	36,119,000	28,103,000	26,119,000	24,664,000	25,714,000		24,503,000	21,811,000			17,741,000	15,638,000	13,195,000	12,027,000	11,151,000	8,206,750	10,870,000	10,960,000	10,997,000
occupancy and equipment				7,203,000	7,666,000	7,334,000	7,373,000	8,064,000	8,698,000	8,553,000	8,816,000	8,970,000	9,379,000	9,431,000	8,702,000	9,438,000	10,067,000	9,738,000	10,421,000	10,599,000	11,024,000	10,948,000	11,084,000	10,195,000	11,132,000	10,798,000	9,893,000	9,449,000	9,446,000	10,385,000	10,144,000	10,230,000	10,082,000		8,678,000	9,026,000	7,320,000	6,650,000	6,560,000	6,690,000		7,243,000	7,108,000			5,768,000	4,490,000	3,883,000	3,546,000	3,435,000	2,246,500	2,988,000	2,963,000	3,035,000	2,953,000	2,674,000	2,859,000	3,128,000	2,125,500	2,760,000	2,774,000	2,968,000	2,656,000	2,418,000	2,385,000	2,486,000	2,061,000	1,885,000	1,822,000	1,931,000		1,140,000
technology				9,756,000	10,065,000	10,241,000	10,014,000	10,236,000	9,904,000
regulatory expenses				1,648,000	1,627,000	1,851,000	1,851,000	1,848,000	1,845,000
amortization of intangible assets				1,128,000	1,128,000	1,128,000	1,128,000	1,140,000	1,205,000	1,205,000	1,205,000	1,205,000	1,205,000	1,277,000	1,285,000	1,286,000	1,286,000	1,288,000	1,296,000	1,297,000	1,319,000	1,513,000	1,530,000	1,558,000	1,580,000	1,582,000	1,526,000	1,475,000	1,200,000	1,202,000	1,218,000	1,246,000	1,268,000		770,000	801,000	572,000	749,000	787,000	819,000		934,000	901,000			1,377,000	1,357,000	1,271,000	935,000	716,000	576,000	768,000	768,000	768,000	778,000	833,000	833,000	833,000	748,000	889,000	1,019,000	1,084,000	1,050,000	684,000	662,000	662,000	601,000	478,000	478,000	478,000
marketing				1,541,000	1,267,000	2,013,000	861,000	532,000	1,116,000
merger, restructuring and other non-operating expenses				1,491,000	2,454,000
income before income taxes				41,529,000	34,577,000	26,605,000	48,154,000	31,235,000	-26,479,000	-5,954,000	23,286,000	27,805,000	33,185,000	19,521,500	23,658,000	29,234,000	25,194,000													28,961,250	41,017,000	42,282,000	32,546,000		27,931,000	22,222,000	16,690,250	23,334,000	21,206,000	22,221,000		11,188,000	9,056,000						2,248,000	3,859,000	3,347,000	4,505,000	4,606,000	4,277,000	-37,278,000	1,181,000	2,951,000	5,430,000	5,966,250	7,577,000	7,421,000	8,867,000				7,268,000				7,184,000
income tax expense				11,163,000	8,858,000	6,948,000	10,645,000	7,210,000	-6,291,000	-4,509,000	3,741,000	3,944,000	5,548,000	4,014,500	4,941,000	6,119,000	4,998,000	6,572,750	15,794,000	6,896,000	3,601,000	-4,548,500	-68,000			4,010,500	4,007,000	5,118,000	6,917,000	3,309,000	8,790,000	8,251,000	7,298,000		8,237,000	6,762,000	362,000	6,953,000	5,249,000	6,220,000		1,144,000				4,387,000	2,921,000	405,000	371,000	1,061,000			1,198,000	941,000			620,000	1,547,000	1,706,750	2,301,000	1,708,000	2,818,000			2,152,000	2,326,000	4,446,000	84,000	1,888,000	2,366,000
basic earnings per common share				660	560	242.5	890	570	-470	410	450	550	630	337.5	420	500	420																																		260	250	250	240	-1,840	140	-80	270
diluted earnings per common share				660	560	242.5	880	570	-470	407.5	450	550	630	335	420	500	420																																		260	250	250	240	-1,840	140	-80	270
weighted-average shares outstanding:
basic	83,816,086,000	87,377,933,000	87,508,517,000	45,764,000	45,684,000	42,508	42,170,000	42,437,000	42,777,000	43,288	43,164,000	43,443,000	43,693,000	45,564	44,700,000	45,818,000	47,668,000	49,240				50,270				49,263				46,024,000	46,030,000	46,032,000	45,966	39,456,000	37,324	35,280	30,988	30,621	30,605	30,511	28,393	28,301	24,803		24,802	24,948	21,742	20,009	16,580	13,943		13,865,000	13,856,000	13,829,000	13,189,000	13,806,000	12,946,000	12,164,000		10,303	10,302		9,223	8,922	8,732		8,538					5,300
diluted	83,903,440,000	87,701,567,000	87,508,517,000	46,007,000	46,061,000	42,761	42,454,000	42,508,000	43,028,000	43,504	43,347,000	43,532,000	44,036,000	45,914	45,034,000	46,102,000	48,067,000	49,554				50,270				49,421				46,231,000	46,263,000	46,215,000	46,200	39,695,000	37,474	35,452	31,167	30,811	30,765	30,688	28,564	28,461	24,955		24,965	25,143	21,806	20,105	16,601	13,981		13,893,000	13,894,000	13,858,000	13,189,000	13,857,000	12,946,000	12,247,000		10,400	10,384		9,370	9,045	8,875		8,730					5,691
borrowings						6,595,000	10,835,000	8,541,000	7,004,000	9,770,000	13,679,000	16,700,000	8,701,000	1,715,000	3,423,000	1,851,000	1,586,000	2,236,250	2,478,000	2,990,000	3,477,000	4,029,500	4,643,000	5,546,000	5,929,000	5,937,750	5,353,000	9,370,000	9,028,000	5,706,250	8,390,000	7,990,000	6,445,000		5,150,000	4,725,000	3,142,250	4,750,000	4,199,000	3,620,000		2,474,000	2,309,000																								3,159,000	5,019,000	3,911,000	3,706,000		2,637,000
gain on sba loans						2,003,250	3,020,000	3,294,000	1,699,000
gain on sale of business operations and other assets						4,012,000	16,048,000											12,971,250	51,885,000											115,000			481,000
restructuring and other expenses						734,000	-297,000	-384,000	3,617,000	648,000	2,607,000
loan fees and other										2,134,250	2,879,000	3,189,000	2,469,000
technology and communications										11,326,000	10,616,000	10,465,000	9,471,000	9,729,000	8,719,000	8,611,000	8,527,000	8,599,000	8,397,000	8,214,000	8,593,000	7,988,000	8,540,000	7,755,000	8,081,000	6,702,000	6,849,000	6,715,000	6,257,000	6,462,000	7,949,000	7,359,000	6,830,000		6,883,000	6,087,000	5,310,000	4,902,000	4,814,000	4,857,000		4,090,000	3,593,000			2,991,000	2,258,000	1,996,000	1,531,000	1,466,000	1,053,500	1,458,000	1,373,000	1,383,000
marketing and promotion										1,107,000	1,552,000	1,510,000	1,208,000	1,230,000	1,290,000	1,472,000	1,111,000	776,000	860,000	518,000	595,000	634,000	1,002,000	902,000	1,165,000	1,046,000	1,006,000	1,155,000	1,267,000	1,515,000	1,484,000	2,369,000	2,612,000		3,177,000	1,999,000	1,080,000	671,000	737,000	673,000		800,000	713,000			638,000	778,000
fdic premiums and assessments										1,854,000	1,905,000	1,834,000	1,426,000	984,000	476,000	658,000	987,000	907,000	805,000	927,000	1,120,000	1,218,000	1,518,000	1,658,000	1,482,000	471,000		1,751,000	1,639,000	1,488,000	1,640,000	1,411,000	1,195,000		1,588,000	1,298,000	1,422,000	1,208,000	1,203,000	1,233,000		1,143,000	1,129,000			828,000	870,000	923,000	741,000	1,027,000	635,000	893,000	874,000	773,000
other real estate owned and foreclosures															13,000	23,000			41,000	-26,000	2,000	44,000	40,000	14,000	27,000	4,000	150,000	-2,000	2,000	1,000	-1,000	1,000	67,000		30,000	28,000	-11,000	46,000	393,000	263,000		251,000	251,000			23,000
acquisition, restructuring, and other expenses												21,000	-36,000	2,881,500	11,473,000	35,000	18,000	1,229,250	1,425,000	6,000	3,486,000	1,329,000	5,316,000
gain on securities													234,000					-106,000	-166,000	-484,000		2,405,000	-1,017,000
loan fees and revenue														5,058,000	3,785,000	4,623,000	8,265,000	9,098,000	8,285,000	7,431,000	10,246,000
insurance commissions and fees																			1,581,000	2,292,000	3,130,000	2,319,000	2,660,000	2,767,000	3,024,000	2,471,000	2,895,000	2,738,000	2,853,000	2,479,000	2,930,000	2,549,000	3,025,000		2,588,000	3,136,000	2,323,000	2,601,000	2,660,000	2,893,000		2,486,000	2,967,000			2,997,000	2,768,000	2,431,000	2,782,000	3,730,000	2,246,500	2,316,000	3,197,000	3,473,000	1,991,000	2,337,000	3,274,000	4,569,000	2,870,000	2,640,000	3,694,000	5,146,000	2,290,000	2,661,000	3,786,000	4,991,000				908,000
mortgage banking originations														46,500	58,000	109,000	19,000	449,250	461,000	534,000	802,000	1,161,750	2,044,000	1,644,000	959,000	154,000	292,000	278,000	46,000	7,328,250	8,971,000	10,195,000	10,147,000		16,281,000	12,678,000
(loss) on securities														163,000	-476,000	-973,000	-745,000				-31,000
provision for credit losses														-250,000	3,000,000		-4,000,000	-3,000,000	-4,000,000		6,500,000	10,000,000	1,200,000
interest and dividend income from continuing operations
interest expense from continuing operations
net interest income from continuing operations																		55,463,500	71,368,000	75,393,000	75,093,000	60,268,250	77,055,000	77,590,000	86,428,000	68,481,250	96,871,000	91,595,000	85,459,000
non-interest income from continuing operations
total net revenue from continuing operations																		85,923,250	145,003,000	97,404,000	101,286,000	71,013,250	97,018,000	94,971,000	92,064,000	83,641,250	118,277,000	109,107,000	107,181,000
non-interest expense from continuing operations
goodwill impairment																								553,762,000
income from continuing operations before income taxes																		24,314,000	79,543,000	28,532,000	16,632,000	17,240,000	22,975,000			39,057,000	24,666,000	29,072,000	31,189,000																	14,852,000	10,907,000	4,802,000															3,834,000	944,000	6,728,000		5,965,000	-3,719,000	6,130,000			4,742,000
net income from continuing operations																		20,248,000	63,749,000	21,636,000	13,031,000	18,899,000	23,043,000			32,636,000	20,659,000	23,954,000	24,272,000																	10,465,000	7,986,000	4,397,000															3,073,000	944,000	4,576,000		1,701,750	-2,253,000	4,242,000
(loss) from discontinued operations before income taxes																									-10,629,000				-854,000
income tax																									-2,831,000				-217,000
net (loss) from discontinued operations																									-7,798,000				-637,000
preferred stock dividend																							58,000	130,000	125,000	240,000	240,000	240,000	240,000	229,000	230,000	229,000	230,000
income available to common shareholders																		20,248,000	63,749,000	21,636,000	13,031,000	15,009,000	21,167,000			25,511,000	22,376,000	25,208,000	23,395,000	14,030,000	31,997,000	33,802,000	25,018,000
income from discontinued operations before income taxes																						-5,435,250	-2,477,000					2,082,000																																							30,000	217,000	359,000
net income from discontinued operations																						-3,988,000	-1,818,000					1,494,000																																							17,000	133,000	221,000
loan related income																						4,833,000	4,988,000	5,717,000	1,302,000	7,056,000	6,493,000	4,822,000	6,003,000	4,644,000	7,537,000	6,549,000	5,438,000		5,275,000	4,179,000	5,648,000	5,102,000	2,898,000	3,046,000		2,783,000	1,283,000
gain/(loss) on securities																								822,000		1,734,000	87,000	17,000	2,551,000	-174,000	88,000
benefit from credit losses																								29,871,000	34,807,000
acquisition, restructuring, and other incomes																										5,583,250	4,163,000	11,155,000	7,015,000	1,534,500	198,000	847,000	5,093,000		2,903,000
(loss)/income from continuing operations before income taxes																								-559,175,000	-14,068,000
income tax (benefit)/expense																								-16,130,000	-1,996,000
net (loss)/income from continuing operations																								-543,045,000	-12,072,000
(loss)/income from discontinued operations before income taxes																								-8,635,000
net (loss)/income from discontinued operations																								-6,336,000
net (loss)/income																								-549,381,000	-19,870,000
(loss)/income available to common shareholders																								-549,511,000	-19,995,000
(loss)/gain on securities																									-9,730,000							718,000	-1,502,000
benefit from loan losses																										5,351,000	22,600,000	3,467,000	4,001,000	6,716,000	6,628,000	6,532,000	5,575,000		4,889,000	5,095,000	4,100,000	4,734,000	4,522,000	4,006,000		4,204,000	3,851,000			2,400,000	2,250,000	2,200,000	1,500,000	1,600,000	2,000,000	2,000,000	2,200,000	2,326,000	38,730,000	4,300,000	2,200,000	2,500,000	1,400,000	1,250,000	1,105,000	825,000	3,060,000	390,000	100,000	750,000	785,000	6,185,000	600,000	290,000		493,000
income/(loss) from discontinued operations before income taxes																										993,750	2,747,000
income tax expense/																										290,250	790,000
net income/(loss) from discontinued operations																										703,500	1,957,000
(loss)/gain on sale of business operations and other assets																																-21,000
loss on termination of hedges																																				-6,629,000
earnings per share:
basic																																	0.55		0.53	0.44	0.395	0.53	0.52	0.52		0.35	0.35																								0.21	-0.25	0.52	0.57		0.61
diluted																																	0.55		0.53	0.44	0.393	0.53	0.52	0.52		0.35	0.35																								0.205	-0.25	0.51	0.55		0.57
gain on sale of securities																																			-1,000	12,570,000	25,250	78,000	-13,000	36,000		2,384,000	34,000				7,000		6,000						-1,000	-5,000	3,000		-5,500	4,000	-26,000					81,000
acquisition, restructuring and conversion related expenses																																				11,682,000	957,000	2,170,000	878,000	780,000		8,711,000	4,421,000
mortgage banking income																																					3,537,000	1,862,000	1,335,000	821,000		1,546,000	1,253,000
gain on branch sales																																					140,750	563,000
income tax benefit																																											297,000								805,000	1,081,000											1,119,500
borrowings and junior subordinated notes																																														3,581,000
mortgage banking fees																																														2,217,000
non-recurring gain																																																	124,000
merger and conversion related expenses																																														5,064,000
basic and diluted earnings per share:
continuing operations																																														0.42	0.37	0.22															0.28	0.11	0.52
discontinued operations
total basic and diluted earnings per share																																														0.42	0.37
borrowings and junior subordinated debentures																																															2,121,000	2,131,000	2,084,000	2,052,000	1,715,250	2,267,000	2,305,000	2,289,000	2,956,000	3,250,000	3,364,000	3,696,000	2,923,500	4,087,000	3,666,000	3,941,000	3,883,000	4,571,000
gain on borrowings
merger, acquisition and conversion related expenses																																															4,085,000
non-recurring income																																																1,975,000							294,500	1,000
marketing and professional services																																																1,873,000	1,557,000	1,213,000	916,500	1,253,000	1,116,000	1,297,000
supplies, postage and delivery																																																545,000	507,000	454,000	408,750	520,000	542,000	573,000
other real estate owned																																																541,000	700,000	609,000	31,750	100,000		27,000
non-recurring expenses																																																9,091,000		1,708,000	5,250			21,000									439,500	1,606,000
income from discontinued operations, net of tax																																																-5,000
merger related expenses																																																	5,451,000
basic earnings per share																																																	0.11	0.2									0.43	0.51	0.55	0.58				0.57
diluted earnings per share																																																	0.11	0.2									0.42	0.51	0.55	0.58				0.56
deposit, loan and interest rate swap fees																																																			2,567,500	3,279,000	3,575,000	3,416,000	2,978,000	3,286,000
loss on sale of securities																																																										-2,000					-147,750	-672,000
less: cumulative preferred stock dividend and accretion																																																										637,000
less: deemed dividend resulting from preferred stock repayment																																																							738,500		2,954,000
net income available to common stockholders																																																			3,570,000	3,424,000	3,408,000	3,336,000	-24,203,000	1,922,000	-1,016,000	3,246,000
non-recurring loss
less: cumulative preferred stock dividends and accretion																																																									393,000
salaries and employee benefits																																																							10,269,000	9,757,000		9,352,000	7,323,500	9,796,000	9,842,000	9,656,000	9,386,000	7,891,000	8,230,000	8,511,000						4,335,000
marketing, data processing and professional services																																																							1,724,250	2,574,000	2,233,000
fdic premiums and special assessment																																																							796,000	669,000	2,387,000
non-recurring expense																																																							150,250				170,750		683,000					153,000
income tax (benefit) expense																																																							-13,075,000	-741,000											697,000	-1,466,000
weighted-average common shares outstanding
basic	83,816,086,000	87,377,933,000	87,508,517,000	45,764,000	45,684,000	42,508	42,170,000	42,437,000	42,777,000	43,288	43,164,000	43,443,000	43,693,000	45,564	44,700,000	45,818,000	47,668,000	49,240				50,270				49,263				46,024,000	46,030,000	46,032,000	45,966	39,456,000	37,324	35,280	30,988	30,621	30,605	30,511	28,393	28,301	24,803		24,802	24,948	21,742	20,009	16,580	13,943		13,865,000	13,856,000	13,829,000	13,189,000	13,806,000	12,946,000	12,164,000		10,303	10,302		9,223	8,922	8,732		8,538					5,300
diluted	83,903,440,000	87,701,567,000	87,508,517,000	46,007,000	46,061,000	42,761	42,454,000	42,508,000	43,028,000	43,504	43,347,000	43,532,000	44,036,000	45,914	45,034,000	46,102,000	48,067,000	49,554				50,270				49,421				46,231,000	46,263,000	46,215,000	46,200	39,695,000	37,474	35,452	31,167	30,811	30,765	30,688	28,564	28,461	24,955		24,965	25,143	21,806	20,105	16,601	13,981		13,893,000	13,894,000	13,858,000	13,189,000	13,857,000	12,946,000	12,247,000		10,400	10,384		9,370	9,045	8,875		8,730					5,691
deposit service fees																																																									2,443,000	2,236,000	1,789,750	2,518,000	2,486,000	2,155,000	2,620,000	1,825,000	1,788,000	1,514,000				1,286,000
loan service and interest rate swap (expense) fees																																																									-136,000
other non-recurring income																																																									1,240,000
compensation expense																																																									8,902,000
other non-recurring expense																																																									601,000										96,250		385,000
loan service and interest rate swap fees																																																										391,000	256,500	561,000
gain on swap termination																																																										741,000
loss on prepayment of borrowings																																																										-804,000						-1,180,000
marketing, data processing, and professional services																																																										2,782,000	1,605,750	2,121,000	2,181,000	2,121,000	2,275,000	2,260,000	2,116,000	1,947,000
loss on sale of loans																																																															41,000	-1,991,000
weighted-average shares outstanding
basic	83,816,086,000	87,377,933,000	87,508,517,000	45,764,000	45,684,000	42,508	42,170,000	42,437,000	42,777,000	43,288	43,164,000	43,443,000	43,693,000	45,564	44,700,000	45,818,000	47,668,000	49,240				50,270				49,263				46,024,000	46,030,000	46,032,000	45,966	39,456,000	37,324	35,280	30,988	30,621	30,605	30,511	28,393	28,301	24,803		24,802	24,948	21,742	20,009	16,580	13,943		13,865,000	13,856,000	13,829,000	13,189,000	13,806,000	12,946,000	12,164,000		10,303	10,302		9,223	8,922	8,732		8,538					5,300
diluted	83,903,440,000	87,701,567,000	87,508,517,000	46,007,000	46,061,000	42,761	42,454,000	42,508,000	43,028,000	43,504	43,347,000	43,532,000	44,036,000	45,914	45,034,000	46,102,000	48,067,000	49,554				50,270				49,421				46,231,000	46,263,000	46,215,000	46,200	39,695,000	37,474	35,452	31,167	30,811	30,765	30,688	28,564	28,461	24,955		24,965	25,143	21,806	20,105	16,601	13,981		13,893,000	13,894,000	13,858,000	13,189,000	13,857,000	12,946,000	12,247,000		10,400	10,384		9,370	9,045	8,875		8,730					5,691
loan service fees																																																													228,000	237,000	91,000	324,000	48,000	309,000				226,000		174,000
average shares outstanding
basic																																																														10,386				8,662	2,129	8,557	8,513	8,476
diluted																																																														10,457				8,842	2,193.75	8,557	8,760	8,755
total																																																															0.28	0.11	0.52
borrowings and junior subordinated debenture																																																																	4,638,000	4,331,000
securities																																																																			3,095,000	4,985,000	4,180,000	4,697,000
net interest income, after benefit from loan losses																																																																			9,398,500	9,418,000	13,858,000	14,318,000		9,534,000
insurance fees																																																																			528,000	623,000	581,000
increase in cash surrender value of life insurance																																																																			191,750	227,000	247,000	293,000		203,000
gain recognized on securities																																																																			-1,013,500	-5,080,000
gain on sale of loans and securitized loans																																																																								588,000
salaries and benefits																																																																			4,353,000	6,001,000	5,758,000	5,653,000
marketing and advertising																																																																			249,000	403,000	350,000	243,000		161,000
data processing and telecommunications																																																																			637,500	853,000	813,000
foreclosed real estate and other loans																																																																			48,750	58,000	105,000	32,000
other recurring non-interest expense																																																																			1,073,750	1,299,000
termination of employee stock ownership plan
earnings per share
basic																																	0.55		0.53	0.44	0.395	0.53	0.52	0.52		0.35	0.35																								0.21	-0.25	0.52	0.57		0.61
diluted																																	0.55		0.53	0.44	0.393	0.53	0.52	0.52		0.35	0.35																								0.205	-0.25	0.51	0.55		0.57
gain on sales of securities																																																																					529,000	497,000
other recurring expense																																																																					1,495,000
wealth management service fees																																																																						756,000		702,000
data processing																																																																						583,000		347,000
debt securities, taxable																																																																								3,390,000
debt securities, tax-exempt																																																																								395,000
equity securities dividends																																																																								325,000
customer service fees																																																																								616,000
gain on sales and dispositions of securities																																																																								429,000
other non-interest income																																																																								32,000
foreclosed real estate and repossessed assets																																																																								94,000
other non-interest expense																																																																								1,036,000
benefit from income taxes																																																																								1,490,000
income from continuing operations																																																																								3,252,000
income from discontinued operations

Balance Sheets:

Quarterly

Annual

Unit: USD	2026-03-31	2025-12-31	2025-09-30	2025-06-30	2025-03-31	2024-12-31	2024-09-30	2024-06-30	2024-03-31	2023-12-31	2023-09-30	2023-06-30	2023-03-31	2022-12-31	2022-09-30	2022-06-30	2022-03-31	2021-12-31	2021-09-30	2021-06-30	2021-03-31	2020-09-30	2020-06-30	2020-03-31	2019-12-31	2019-09-30	2019-06-30	2019-03-31	2018-09-30	2018-06-30	2018-03-31	2017-06-30	2017-03-31	2016-09-30	2016-06-30	2016-03-31	2015-06-30	2015-03-31	2014-12-31	2013-12-31	2013-03-31	2012-06-30	2011-09-30	2011-06-30	2011-03-31	2010-12-31	2010-09-30	2010-06-30	2010-03-31	2009-12-31	2009-09-30	2009-06-30	2009-03-31	2008-12-31	2008-09-30	2008-06-30	2008-03-31	2007-12-31	2007-09-30	2007-06-30	2007-03-31	2006-12-31	2006-09-30	2006-06-30	2006-03-31	2005-12-31

assets
cash and due from banks	185,692,000	201,557,000	182,251,000	131,970,000	121,137,000	182,776,000	134,056,000	112,085,000	111,676,000	148,148,000	120,634,000	120,285,000	121,589,000	145,342,000	128,509,000	156,470,000	151,814,000		153,185,000	98,262,000	81,285,000	90,537,000	102,105,000	90,280,000	105,447,000	121,629,000	100,588,000	98,689,000	93,038,000	90,964,000	88,193,000	78,407,000	67,580,000	61,107,000	58,332,000	44,370,000	177,858,000	43,089,000	54,179,000	56,841,000	53,683,000	44,696,000	40,070,000	30,912,000	30,928,000	24,643,000	26,817,000	27,931,000	23,880,000	25,770,000				26,582,000									25,371,000		27,426,000	30,977,000
short-term investments	927,256,000	1,840,188,000	1,038,369,000	670,761,000	705,199,000	945,633,000	435,911,000	988,207,000	1,082,019,000	1,055,096,000	542,836,000	520,315,000	884,973,000	540,013,000	566,404,000	714,547,000	1,455,437,000		1,971,345,000	1,728,419,000	1,818,323,000	844,755,000	942,047,000	515,140,000	474,382,000	180,466,000	128,718,000	68,930,000	42,696,000	48,093,000	35,694,000	23,426,000	25,763,000	8,178,000	16,247,000	24,447,000	27,660,000	19,125,000	17,575,000	18,698,000	20,648,000	21,790,000	94,428,000	11,005,000	10,297,000	19,497,000	11,565,000	14,317,000	2,697,000	6,838,000				18,216,000									199,000		352,000	110,000
total cash and cash equivalents	1,112,948,000	2,041,745,000	1,220,620,000	802,731,000	826,336,000	1,128,409,000	569,967,000	1,100,292,000	1,193,695,000	1,203,244,000	663,470,000	640,600,000	1,006,562,000	685,355,000	694,913,000	871,017,000	1,607,251,000		2,124,530,000	1,826,681,000	1,899,608,000	935,292,000	1,044,152,000	605,420,000	579,829,000	302,095,000	229,306,000	167,619,000	135,734,000	139,057,000	123,887,000	101,833,000	93,343,000	69,285,000	74,579,000	68,817,000	205,518,000	62,214,000	71,754,000	75,539,000	74,331,000	66,486,000	134,498,000	41,917,000	41,225,000	44,140,000	38,382,000	42,248,000	26,577,000	32,608,000	26,455,000	66,783,000	136,112,000	44,798,000	34,569,000	33,717,000	31,747,000	41,142,000	33,882,000	25,913,000	27,567,000	30,985,000	25,570,000		27,778,000	31,087,000
investment securities available-for-sale	1,718,710,000	1,688,768,000	1,739,423,000
total investment securities	1,718,710,000	1,688,768,000	1,739,423,000																																															420,966,000
allowance for investment security credit losses	-141,000		-129,000
net investment securities	1,718,569,000	1,688,674,000	1,739,294,000
loans and leases:
commercial real estate loans	9,957,408,000	10,012,094,000	10,212,072,000																						4,034,269,000	4,028,461,000	4,005,347,000	3,388,139,000	3,371,773,000	3,319,323,000
commercial loans and leases	4,011,974,000	3,947,363,000	3,933,712,000
consumer loans	3,954,774,000	4,070,095,000	4,096,123,000																						942,179,000	1,006,437,000	1,066,804,000	1,057,193,000	1,121,188,000	1,118,333,000	1,108,899,000	1,012,956,000	985,761,000	906,975,000	884,560,000	818,861,000	818,831,000	756,510,000	768,463,000	691,836,000	638,972,000	371,430,000	368,898,000	309,758,000	277,015,000	285,529,000	293,136,000	299,771,000	305,986,000	314,779,000	324,099,000	334,882,000	340,743,000	345,508,000	344,359,000	347,515,000	361,635,000	378,643,000	381,688,000	344,527,000	343,438,000	342,882,000
total loans and leases	17,924,156,000	18,029,552,000	18,241,907,000
allowance for loan and lease losses	-244,377,000	-252,839,000	-253,735,000
net loans and leases	17,679,779,000	17,776,713,000	17,988,172,000
restricted equity securities	97,441,000	87,438,000	99,431,000																																																	23,120,000	23,120,000	23,120,000
premises and equipment	161,141,000	162,474,000	158,375,000	58,439,000	57,680,000	56,609,000	54,667,000	55,893,000	57,832,000	68,915,000	70,042,000	76,903,000	78,710,000	85,217,000	86,809,000	89,657,000	92,971,000		99,233,000	104,680,000	108,538,000	117,116,000	118,722,000	120,667,000	120,398,000	123,195,000	121,619,000	105,651,000	111,130,000	112,217,000	111,237,000	94,354,000	95,203,000	85,794,000	86,274,000	87,840,000	87,519,000	85,053,000	87,279,000	84,459,000	88,181,000	68,569,000	58,652,000	44,026,000	39,131,000	38,546,000	37,858,000	37,914,000	37,396,000	37,390,000	36,062,000	36,197,000	37,029,000	37,448,000	37,902,000	38,054,000	38,489,000	38,806,000	38,578,000	31,537,000	30,576,000	29,130,000	27,944,000	28,005,000	26,226,000	26,236,000
right-of-use asset operating leases	84,851,000	82,817,000	84,238,000
deferred tax asset	142,827,000	149,487,000	178,456,000
goodwill	355,269,000	351,613,000	353,471,000																					553,762,000	553,762,000	554,704,000	554,703,000	518,325,000	518,325,000	519,128,000	519,128,000	403,106,000	403,106,000	339,975,000	339,929,000	323,659,000	308,043,000	264,742,000	264,742,000	256,871,000	255,529,000	220,360,000	202,100,000	178,068,000	161,725,000	161,725,000	161,725,000	161,725,000	161,725,000	161,725,000	161,725,000	161,725,000	161,725,000	161,178,000	161,178,000	161,526,000	162,000,000	161,632,000	161,296,000	105,051,000	104,923,000	104,531,000	88,594,000	88,544,000	88,123,000	88,092,000
identified intangible assets, net of accumulated amortization of 37,446 and 29,118, respectively	181,234,000
oreo and repossessed assets	2,623,000	2,591,000	3,360,000
cash surrender value of bank-owned life insurance policies	336,980,000	334,442,000	332,840,000	245,861,000	247,328,000		245,210,000	244,790,000	243,777,000		242,172,000	241,314,000	239,896,000		238,052,000	237,545,000	236,593,000		235,327,000	235,426,000	234,043,000	231,217,000	229,812,000	228,447,000		227,085,000	227,458,000	191,768,000	194,369,000	193,121,000	192,379,000	140,135,000	139,914,000	127,880,000	127,000,000	126,136,000	123,536,000	105,302,000			88,893,000	76,290,000	74,381,000	56,865,000	46,465,000		38,170,000	35,270,000	34,973,000
other assets	353,954,000	352,816,000	381,513,000	350,279,000	348,754,000	358,442,000	337,212,000	371,092,000	368,190,000	341,757,000	377,605,000	352,307,000	331,720,000	348,935,000	325,894,000	312,730,000	281,729,000	213,000	291,722,000	327,265,000	332,766,000	425,675,000	430,592,000	398,038,000	237,780,000	263,464,000	238,951,000	182,720,000	123,604,000	125,806,000	131,024,000	92,441,000	91,119,000	87,107,000	103,825,000	76,641,000	66,148,000	77,169,000	61,090,000	54,009,000	69,765,000	95,926,000	98,737,000	68,406,000	59,122,000	58,220,000	68,408,000	68,484,000	60,829,000	59,201,000	37,296,000	36,434,000	36,757,000	44,225,000	35,526,000	31,213,000	29,744,000	35,319,000	28,633,000	25,966,000	24,772,000	24,057,000	16,708,000	20,227,000	13,631,000	13,276,000
total assets	22,227,616,000	23,220,372,000	22,821,439,000	12,034,748,000	12,013,199,000	12,273,408,000	11,604,562,000	12,219,454,000	12,146,611,000	12,430,821,000	12,139,953,000	12,090,321,000	12,319,976,000	11,662,864,000	11,317,074,000	11,578,968,000	12,097,008,000	1,281,598,000	11,845,876,000	12,273,325,000	12,757,343,000	12,614,457,000	13,062,984,000	13,121,513,000	13,215,970,000	13,531,943,000	13,653,945,000	12,173,401,000	12,030,059,000	11,901,963,000	11,519,247,000	9,627,271,000	9,297,908,000	7,931,161,000	8,043,659,000	7,807,911,000	7,518,747,000	6,571,239,000	6,502,031,000	5,672,799,000	5,245,334,000	4,507,723,000	4,087,200,000	3,225,554,000	2,885,114,000	2,880,716,000	2,798,439,000	2,747,528,000	2,705,459,000	2,700,424,000	2,680,634,000	2,681,086,000	2,724,351,000	2,666,729,000	2,565,699,000	2,546,875,000	2,546,383,000	2,513,432,000	2,472,062,000	2,169,632,000	2,174,573,000	2,149,642,000	2,205,097,000	2,147,989,000	2,056,333,000	2,035,553,000
liabilities and stockholders' equity
deposits:
demand checking accounts	3,861,000,000	4,032,529,000	3,905,559,000
interest-bearing deposits:
now accounts	1,520,600,000	1,445,894,000	1,470,808,000
savings accounts	3,088,857,000	2,954,029,000	2,904,888,000
money market accounts	4,393,607,000	6,515,306,000	5,589,693,000
payroll deposits accounts	1,213,861,000
certificate of deposit accounts	4,085,511,000	4,156,540,000	4,127,226,000
brokered deposit accounts	128,844,000	410,359,000	905,889,000
interest-bearing deposits	14,431,280,000		14,998,504,000
total deposits	18,292,280,000	19,514,657,000	18,904,063,000	9,979,031,000	9,879,877,000	10,375,204,000	9,577,489,000	9,621,459,000	9,882,972,000	10,633,384,000	9,980,544,000	10,068,407,000	10,067,545,000	10,327,269,000	9,988,121,000	10,114,664,000	10,699,208,000		10,365,415,000	9,913,900,000	10,244,370,000	10,466,559,000	10,775,908,000	10,071,675,000	10,335,977,000	10,423,318,000	10,565,956,000	9,166,415,000	8,766,101,000	8,838,752,000	8,683,267,000	6,714,854,000	6,656,054,000	5,749,754,000	5,656,724,000	5,584,390,000	5,322,176,000	4,719,683,000	4,654,679,000	3,848,529,000	4,100,591,000	3,409,705,000	3,038,346,000	2,485,815,000	2,241,049,000	2,204,441,000	2,068,747,000	2,040,171,000	2,037,293,000	1,986,762,000	1,966,818,000	1,951,394,000	1,938,080,000	1,829,580,000	1,837,204,000	1,811,230,000	1,880,103,000	1,822,563,000	1,796,144,000	1,528,514,000	1,535,612,000	1,521,938,000
borrowed funds:
advances from the fhlb	822,091,000	555,788,000	841,044,000
subordinated debentures and notes	198,989,000	198,572,000	198,283,000
other borrowed funds	51,423,000	34,000,000	41,189,000
total borrowed funds	1,072,503,000	788,360,000	1,080,516,000
operating lease liabilities	92,820,000	90,713,000	92,211,000
reserve for unfunded credits	16,555,000	13,746,000	13,727,000
accrued expenses and other liabilities	248,677,000	301,327,000	304,747,000
total liabilities	19,722,835,000	20,724,311,000	20,406,443,000	10,812,437,000	10,816,439,000	11,105,984,000	10,534,111,000	11,206,512,000	11,136,688,000	11,418,600,000	11,188,944,000	11,116,940,000	11,324,496,000	10,708,802,000	10,374,512,000	10,564,918,000	11,003,147,000		10,667,801,000	11,097,936,000	11,582,204,000	11,435,432,000	11,898,844,000	11,399,235,000	11,457,406,000	11,759,719,000	11,874,108,000	10,596,396,000	10,497,744,000	10,385,722,000	10,021,590,000	8,359,077,000	8,198,355,000	6,998,568,000	7,120,239,000	6,902,074,000	6,691,596,000	5,855,009,000	5,792,744,000	4,994,737,000	4,571,452,000	3,924,453,000	3,540,507,000	2,780,584,000	2,495,116,000	2,492,756,000	2,415,524,000	2,362,901,000	2,320,138,000	2,315,843,000	2,270,329,000	2,273,535,000	2,311,533,000	2,258,304,000	2,233,017,000	2,216,839,000	2,217,642,000	2,186,595,000	2,141,416,000	1,903,280,000	1,911,486,000	1,891,481,000	1,950,396,000	1,899,739,000	1,808,696,000	1,789,487,000
commitments and contingencies
stockholders' equity:
common stock, 0.01 par value...	896,000	896,000
additional paid-in capital	2,172,982,000	2,171,885,000																														1,053,493,000	899,831,000	747,844,000	744,810,000	744,743,000	700,193,000	585,307,000	585,289,000	587,247,000	585,452,000	516,183,000	494,096,000	392,864,000	337,315,000	337,537,000	337,670,000	337,690,000	337,731,000	338,822,000	338,803,000	338,836,000	307,502,000	307,620,000	265,897,000	265,904,000	265,883,000	266,134,000	265,923,000	202,441,000	201,542,000	200,975,000	200,160,000	200,123,000	200,087,000	198,667,000
retained earnings	504,976,000	485,862,000																		-210,994,000	-226,516,000	-242,175,000	-257,352,000	304,442,000	361,082,000	346,971,000	336,542,000	321,759,000	305,259,000	283,256,000	259,499,000	237,470,000	225,307,000	213,453,000	203,382,000	193,653,000	164,644,000	160,241,000	156,446,000	141,958,000	126,430,000	115,871,000	104,287,000	103,642,000	103,720,000	103,285,000	102,270,000	101,193,000	100,125,000	99,033,000	125,512,000	125,915,000	129,176,000	127,773,000	125,125,000	121,743,000	117,588,000	113,387,000	112,252,000	112,621,000	109,275,000	105,731,000	102,783,000	105,033,000	103,004,000	99,429,000
accumulated other comprehensive income	-31,411,000	-20,002,000																	7,249,000	14,772,000	10,721,000	32,426,000	33,239,000	31,017,000		15,880,000	11,301,000		-28,647,000	-21,266,000	-15,427,000	10,331,000	7,858,000	8,411,000	10,213,000		-396,000	9,068,000	6,579,000															-11,574,000	-4,273,000	-403,000	200,000	1,217,000	255,000	-1,274,000	249,000	92,000	782,000			-2,239,000
treasury stock	-142,662,000	-142,580,000		-147,410,000	-145,497,000	-144,141,000	-234,663,000	-235,251,000	-226,455,000	-225,319,000	-219,003,000	-214,803,000	-208,227,000	-209,571,000	-189,084,000	-167,739,000	-116,482,000		-90,147,000	-40,994,000	-26,221,000	-46,848,000	-52,025,000	-52,065,000	-69,637,000	-44,661,000	-24,062,000	-19,091,000	-21,477,000	-21,437,000	-22,622,000	-24,461,000	-25,838,000	-30,446,000	-26,509,000	-29,482,000	-29,377,000						-43,332,000	-44,882,000	-43,746,000	-44,834,000	-45,865,000	-45,922,000	-46,213,000	-49,146,000	-48,844,000	-49,163,000	-49,172,000	-50,453,000				-52,017,000				-46,847,000
total stockholders' equity	2,504,781,000	2,496,061,000																																							673,882,000		546,693,000	444,970,000	389,998,000	387,960,000	382,915,000	384,627,000							332,682,000	330,036,000	328,741,000	326,837,000	330,646,000	266,352,000	263,087,000	258,161,000	254,701,000	248,250,000	247,637,000	246,066,000
total liabilities and stockholders' equity	22,227,616,000	23,220,372,000																																							5,245,334,000		4,087,200,000	3,225,554,000	2,885,114,000	2,880,716,000	2,798,439,000	2,747,528,000							2,565,699,000	2,546,875,000	2,546,383,000	2,513,432,000	2,472,062,000	2,169,632,000	2,174,573,000	2,149,642,000	2,205,097,000	2,147,989,000	2,056,333,000	2,035,553,000
allowance for investment security losses		-94,000
identified intangible assets, net of accumulated amortization of 29,118 and 16,526, respectively		189,562,000
non-interest-bearing deposits:
total interest-bearing deposits		15,482,128,000
mortgagors' escrow accounts		15,508,000	11,179,000
loans held-for-sale			83,330,000
identified intangible assets, net of accumulated amortization of 20,341 and 16,526, respectively			198,339,000
trading securities, at fair value				4,835,000	5,010,000		5,560,000	5,699,000	5,909,000		6,171,000	6,405,000	6,584,000																																										15,267,000
equity securities, at fair value				647,000	647,000	655,000	13,278,000	12,736,000	12,823,000		12,325,000	12,868,000	13,072,000
securities available for sale, at fair value				664,713,000	669,182,000	655,723,000	661,740,000	611,711,000	625,857,000	1,022,285,000	1,260,391,000	1,340,331,000	1,407,271,000	1,423,200,000	1,470,949,000	1,697,019,000	2,032,575,000		1,643,965,000	1,640,512,000	1,627,330,000	1,575,289,000	1,458,036,000	1,403,858,000	1,311,555,000	1,369,604,000	1,410,078,000	1,386,768,000	1,391,373,000	1,393,250,000		1,329,993,000	1,293,683,000	946,853,000	1,073,370,000	1,171,534,000	1,204,756,000	1,099,656,000	1,091,818,000	760,048,000	558,875,000	471,368,000	395,546,000	306,073,000	315,333,000	310,242,000	315,213,000	296,206,000	313,968,000	324,345,000	328,446,000	303,546,000	274,879,000	274,380,000	205,554,000	200,133,000	200,980,000	219,041,000	194,374,000	184,122,000	191,454,000	194,206,000	251,859,000	353,322,000	384,629,000	390,876,000
securities held to maturity				476,756,000	494,242,000	507,658,000	512,277,000	520,239,000	531,820,000	543,351,000	552,981,000	563,765,000	574,606,000	583,453,000	592,503,000	602,611,000	612,174,000		651,863,000	665,786,000	610,637,000	330,197,000	334,895,000	336,802,000	357,979,000	364,675,000	364,463,000	369,331,000	379,404,000	379,905,000	395,337,000	350,992,000	331,179,000	131,467,000	132,010,000	128,196,000	86,994,000	42,818,000	43,347,000	44,921,000	50,472,000	41,822,000	58,262,000	55,061,000	56,628,000	56,436,000	57,476,000	58,618,000	62,811,000	57,621,000	31,535,000	26,851,000	27,972,000	25,872,000	25,923,000	26,485,000		39,456,000				39,968,000
federal home loan bank stock				25,579,000	29,688,000		30,685,000	35,010,000	20,522,000		38,912,000	34,714,000	44,245,000																																										21,077,000	21,077,000	21,077,000
total securities				1,172,530,000	1,198,769,000	1,188,859,000	1,223,540,000	1,185,395,000	1,196,931,000	1,607,496,000	1,870,780,000	1,958,083,000	2,045,778,000	2,033,436,000	2,090,318,000	2,330,189,000	2,678,095,000		2,332,044,000	2,350,498,000	2,291,798,000	1,987,524,000	1,881,852,000	1,837,078,000	1,769,878,000	1,861,069,000	1,904,685,000	1,881,008,000	1,917,874,000	1,919,894,000	1,931,830,000	1,772,696,000	1,714,235,000	1,153,746,000	1,288,101,000	1,374,465,000	1,379,340,000	1,216,178,000	1,205,794,000	870,091,000	663,702,000	567,729,000	508,457,000	400,279,000	410,862,000	405,953,000	413,207,000	394,858,000	415,715,000		399,742,000	369,764,000
less: allowance for credit losses on securities held to maturity				-63,000	-63,000	-64,000	-65,000	-65,000
net securities				1,172,467,000	1,198,706,000	1,188,795,000	1,223,475,000	1,185,330,000	1,196,870,000	1,607,428,000	1,870,711,000	1,958,012,000	2,045,707,000	2,033,345,000	2,090,223,000	2,330,095,000	2,677,996,000		2,331,919,000	2,350,368,000	2,291,687,000	1,987,428,000	1,881,739,000	1,836,937,000
loans held for sale				4,014,000	1,322,000	3,076,000	50,634,000	52,072,000	6,345,000	2,237,000	2,342,000	8,708,000	1,906,000	4,311,000	4,124,000	1,062,000	300,000		5,176,000	6,494,000	18,377,000	15,854,000	62,881,000	4,252,000	36,664,000	204,900,000	184,810,000							20,471,000	22,450,000	15,919,000	48,514,000				72,348,000	59,280,000	475,000		142,000	1,043,000	3,445,000	3,156,000	1,874,000	4,146,000	1,500,000	8,901,000	5,276,000		5,401,000	9,865,000	2,913,000								1,267,000	2,093,000
total loans				9,498,849,000	9,428,885,000	9,384,994,000	9,212,322,000	9,228,526,000	9,085,753,000	9,039,686,000	8,984,377,000	8,882,402,000	8,681,967,000	8,335,309,000	7,943,481,000	7,803,451,000	7,267,323,000		6,836,235,000	7,232,591,000	7,658,778,000	8,982,336,000	9,370,271,000	9,303,177,000	9,502,428,000	9,718,641,000	9,941,828,000	8,947,495,000	8,904,513,000	8,709,966,000	8,376,417,000	6,864,482,000	6,655,933,000	6,047,004,000	6,000,301,000	5,726,690,000	5,284,614,000	4,728,663,000	4,680,600,000	4,180,523,000	3,889,072,000	3,365,619,000	2,954,560,000	2,451,689,000	2,145,302,000	2,142,162,000	2,054,109,000	2,019,981,000	1,981,341,000	1,961,658,000	1,986,184,000	1,968,779,000	1,969,378,000	2,007,152,000	1,992,367,000	1,978,041,000	1,935,185,000	1,944,016,000	1,938,526,000	1,730,242,000	1,730,060,000	1,698,987,000	1,629,083,000	1,551,112,000	1,448,505,000	1,416,449,000
less: allowance for credit losses on loans				-117,344,000	-116,678,000	-114,700,000	-112,047,000	-112,167,000	-107,331,000	-105,357,000	-102,792,000	-100,219,000	-97,991,000	-96,270,000	-96,013,000	-99,021,000	-99,475,000		-112,916,000	-119,044,000	-123,800,000	-134,414,000	-139,394,000	-113,510,000
net loans				9,381,505,000	9,312,207,000	9,270,294,000	9,100,275,000	9,116,359,000	8,978,422,000	8,934,329,000	8,881,585,000	8,782,183,000	8,583,976,000	8,239,039,000	7,847,468,000	7,704,430,000	7,167,848,000		6,723,319,000	7,113,547,000	7,534,978,000	8,847,922,000	9,230,877,000	9,189,667,000	9,438,853,000	9,656,411,000	9,879,672,000	8,885,457,000	8,846,056,000	8,654,041,000	8,322,558,000	6,817,123,000	6,610,129,000	6,003,899,000	5,958,904,000	5,686,635,000	5,247,417,000	4,692,377,000	4,644,938,000	4,147,200,000	3,855,809,000	3,332,751,000	2,922,379,000	2,419,770,000	2,113,404,000	2,110,264,000	2,022,273,000	1,988,133,000	1,949,512,000	1,929,842,000	1,961,887,000	1,945,862,000	1,946,475,000	1,984,244,000	1,969,481,000	1,955,460,000	1,913,055,000	1,921,900,000	1,916,418,000	1,711,091,000	1,710,408,000	1,679,617,000	1,609,930,000	1,537,575,000	1,435,415,000	1,403,448,000
other real estate owned				124,000																85,000	149,000	40,000	40,000	224,000			154,000					279,000	71,000	80,000	595,000	1,440,000	674,000	1,444,000	2,049,000	2,758,000	2,513,000	827,000	2,200,000	1,700,000	2,400,000	3,386,000	2,900,000	2,900,000	3,250,000
intangible assets				12,809,000	13,936,000		16,192,000	17,319,000
assets held for sale				6,519,000	6,930,000	6,930,000	6,930,000	76,307,000	83,020,000	10,938,000	11,157,000	8,220,000	8,220,000	3,260,000	3,830,000	5,386,000	3,988,000		3,743,000	276,576,000	303,697,000
liabilities
demand deposits				2,296,268,000	2,295,040,000	2,324,879,000	2,267,595,000	2,222,012,000	2,261,794,000	2,469,164,000	2,530,441,000	2,594,528,000	2,650,937,000	2,852,127,000	2,896,659,000	2,921,347,000	3,020,568,000		3,022,821,000	2,819,012,000	2,750,393,000	2,585,173,000	2,573,786,000	1,922,490,000	1,884,100,000	1,887,621,000	1,827,016,000	1,526,584,000	1,563,845,000	1,553,039,000	1,575,243,000	1,179,456,000	1,194,633,000	1,113,733,000	1,050,220,000	1,037,103,000	1,012,003,000	892,225,000	869,302,000	677,917,000	656,706,000	535,472,000	434,719,000	351,249,000	283,526,000	297,502,000	278,165,000	276,149,000	272,409,000	276,587,000	264,827,000	257,133,000	237,619,000	233,040,000	227,271,000	225,001,000	224,471,000	231,994,000	228,731,000	178,673,000	174,887,000	178,109,000
now and other deposits				814,600,000	789,418,000	841,406,000	748,737,000	766,641,000	793,492,000	858,644,000	843,032,000	944,775,000	959,417,000	1,054,596,000	1,045,970,000	2,247,544,000	2,546,799,000		1,982,089,000	1,696,762,000	1,856,988,000	1,522,289,000	1,453,397,000	1,546,626,000	1,492,569,000	1,267,057,000	997,685,000	820,177,000	844,210,000	858,014,000	715,581,000
money market deposits				3,153,241,000	3,197,331,000	3,610,521,000	3,042,712,000	3,278,753,000	3,411,672,000	3,565,516,000	3,075,307,000	3,005,081,000	3,274,630,000	3,723,570,000	3,388,932,000	2,327,004,000	2,469,042,000		2,438,832,000	2,398,256,000	2,486,261,000	2,516,168,000	2,525,761,000	2,391,835,000	2,528,656,000	2,478,947,000	2,811,158,000	2,743,448,000	2,447,184,000	2,619,943,000	2,749,763,000	1,790,173,000	1,819,403,000	1,469,075,000	1,415,041,000	1,405,361,000	1,477,770,000	1,372,924,000	1,407,179,000	1,383,856,000	1,504,092,000	1,158,562,000	896,004,000	792,160,000	770,024,000	716,078,000	609,255,000	605,529,000	582,006,000	532,840,000	522,901,000	506,100,000	505,937,000	448,238,000	450,818,000	457,694,000	514,586,000	439,341,000	388,251,000	323,838,000	311,365,000	297,155,000
savings deposits				1,105,009,000	1,065,530,000	1,021,716,000	998,549,000	1,004,320,000	1,010,630,000	1,053,810,000	1,086,329,000	1,088,405,000	1,069,915,000	1,063,269,000	1,111,304,000	1,143,352,000	1,133,877,000		1,095,959,000	1,065,428,000	1,047,506,000	952,836,000	932,243,000	867,024,000	841,283,000	831,972,000	848,699,000	731,711,000	737,682,000	747,722,000	756,711,000	669,617,000	660,007,000	607,868,000	611,627,000	611,556,000	621,909,000	512,607,000	496,344,000	431,496,000	451,959,000	371,668,000	450,976,000	315,161,000	229,528,000	237,594,000	220,564,000	217,977,000	237,454,000	208,597,000	212,683,000	209,232,000	212,687,000	211,156,000	220,800,000	217,605,000	213,054,000	210,186,000	212,065,000	195,439,000	198,262,000	202,213,000
time deposits				2,609,913,000	2,532,558,000	2,576,682,000	2,519,896,000	2,349,733,000	2,405,384,000	2,686,250,000	2,445,435,000	2,435,618,000	2,112,646,000	1,633,707,000	1,545,256,000	1,475,417,000	1,528,922,000		1,825,714,000	1,934,442,000	2,103,222,000	2,890,093,000	3,290,721,000	3,343,700,000	3,589,369,000	3,957,721,000	4,081,398,000	3,344,495,000	3,173,180,000	3,060,034,000	2,885,969,000	2,500,947,000	2,419,268,000	2,082,889,000	2,090,102,000	2,056,814,000	1,751,924,000	1,505,469,000	1,455,746,000	1,001,648,000	1,113,113,000	1,045,767,000	986,979,000	810,989,000	740,195,000	741,124,000	747,029,000	753,115,000	749,576,000	771,562,000	770,911,000	802,691,000	782,601,000	746,318,000
short-term debt				360,000,000	400,000,000	103,500,000	353,500,000	532,500,000	210,000,000	260,000,000	670,000,000	470,000,000	900,000,000			50,000,000						110,000,000	159,799,000	225,000,000	125,000,000	300,000,000	608,928,000	861,349,000	1,187,944,000	1,002,000,000	835,891,000	1,081,600,000	1,136,801,000	939,800,000	1,110,320,000	940,700,000	1,058,001,000	894,500,000	900,900,000	872,510,000	114,390,000	239,030,000		7,770,000	15,480,000	47,030,000	96,125,000	72,250,000	44,130,000	83,860,000	10,000,000		30,000,000	23,200,000
long-term federal home loan bank advances				103,861,000	162,921,000	212,982,000				125,223,000				4,445,000										719,053,000	605,501,000	604,149,000	295,886,000	258,840,000	262,709,000	272,342,000	289,969,000	301,374,000	157,920,000	109,114,000	120,844,000	140,196,000	118,483,000	61,618,000	61,676,000	101,918,000	195,208,000	213,497,000	221,996,000	237,429,000	197,922,000	197,807,000	197,687,000	197,567,000	197,447,000	207,344,000	249,559,000	264,860,000	280,160,000
subordinated borrowings				121,736,000	121,674,000		121,549,000	121,487,000	121,425,000		121,300,000	121,238,000	121,176,000		121,001,000	195,659,000	97,569,000		97,454,000	97,396,000	97,338,000	97,223,000	97,165,000	97,107,000		96,991,000	96,927,000	89,562,000	89,473,000	89,429,000	89,384,000	89,250,000	89,206,000	89,116,000	89,072,000	89,027,000	89,782,000	89,765,000
total borrowings				585,597,000	684,595,000	438,094,000	707,091,000	811,093,000	458,594,000	506,586,000	925,595,000	795,583,000	1,025,571,000	125,509,000	125,495,000	254,201,000	112,132,000		110,823,000	315,243,000	448,692,000	702,706,000	816,803,000	1,041,160,000	827,550,000	1,001,140,000	1,001,741,000	1,209,751,000	1,540,126,000	1,363,771,000	1,215,244,000	1,472,224,000	1,383,927,000	1,138,030,000	1,320,236,000	1,169,923,000	1,266,266,000	1,045,883,000	1,052,323,000	1,064,107,000	399,230,000	467,991,000	237,460,000	260,663,000	228,866,000		309,276,000
other liabilities				247,809,000	251,967,000	292,686,000	249,531,000	287,312,000	297,663,000	278,630,000	282,805,000	252,950,000	231,380,000	256,024,000	260,896,000	196,053,000	191,807,000		191,563,000	222,105,000	229,832,000	251,220,000	280,843,000	255,846,000	267,398,000	301,647,000	280,155,000	204,725,000	191,517,000	183,199,000	123,079,000	171,999,000	158,374,000	110,784,000	143,279,000	147,761,000	103,154,000	89,443,000	85,742,000	82,101,000	71,631,000	46,757,000	54,382,000	34,106,000	25,201,000	28,014,000	37,501,000	37,449,000	25,804,000	8,693,000	10,484,000	10,636,000	8,344,000	54,103,000	14,257,000	10,769,000	13,792,000	14,094,000	13,713,000	6,219,000	8,772,000	9,074,000	5,615,000	8,089,000	6,413,000	5,352,000
shareholders’ equity																		1,182,435,000
common stock				562,000	562,000	562,000	528,000	528,000	528,000	528,000	528,000	528,000	528,000	528,000	528,000	528,000	528,000		528,000	528,000	528,000				517,000	517,000	517,000	460,000	460,000	460,000	460,000	412,000	366,000	322,000	322,000	322,000	307,000	265,000	265,000	265,000	265,000	238,000	229,000	185,000	158,000	158,000	158,000	158,000	158,000	158,000	159,000	158,000	142,000	142,000	125,000	125,000	125,000			106,000	106,000	106,000
additional paid-in capital - common stock				1,430,576,000	1,430,561,000	1,430,532,000	1,421,218,000	1,421,301,000	1,422,709,000	1,423,273,000	1,423,720,000	1,423,856,000	1,424,563,000	1,424,183,000	1,424,158,000	1,424,081,000	1,423,679,000		1,423,321,000	1,423,083,000	1,424,349,000	1,422,300,000	1,427,728,000	1,427,800,000	1,422,441,000	1,422,353,000	1,421,461,000	1,244,975,000	1,244,748,000	1,244,691,000	1,243,590,000
unearned compensation				-6,468,000	-8,123,000	-10,106,000	-12,399,000	-14,064,000	-11,297,000	-10,109,000	-12,004,000	-14,470,000	-10,920,000	-8,598,000	-10,726,000	-12,824,000	-10,284,000		-9,437,000	-11,006,000	-7,722,000	-7,526,000	-8,298,000	-9,764,000	-8,465,000	-9,469,000	-6,555,000	-8,825,000	-8,661,000	-10,096,000	-8,476,000	-9,051,000	-7,971,000	-6,991,000	-8,798,000	-8,246,000	-8,220,000						-3,047,000	-2,145,000	-2,561,000	-1,776,000	-2,114,000	-2,513,000	-2,945,000	-1,318,000	-1,947,000	-2,168,000	-2,504,000	-1,905,000	-2,205,000	-2,571,000	-2,967,000	-2,009,000	-2,282,000	-2,805,000	-2,724,000	-1,896,000	-2,109,000	-2,409,000	-2,709,000	-1,435,000
retained earnings/				36,291,000	14,276,000
accumulated other comprehensive				-91,240,000	-95,019,000	-106,343,000	-89,257,000	-114,698,000	-114,415,000	-143,016,000	-218,386,000	-186,240,000	-159,066,000	-181,052,000	-188,494,000	-122,999,000	-78,237,000											-2,906,000
total shareholders’ equity				1,222,311,000	1,196,760,000	1,167,424,000	1,070,451,000	1,012,942,000	1,009,923,000	1,012,221,000	951,009,000	973,381,000	995,480,000	954,062,000	942,562,000	1,014,050,000	1,093,861,000		1,178,075,000	1,175,389,000	1,175,139,000	1,179,025,000	1,164,140,000	1,722,278,000	1,758,564,000	1,772,224,000	1,779,837,000	1,577,005,000	1,532,315,000	1,516,241,000	1,497,657,000	1,268,194,000	1,099,553,000	932,593,000	923,420,000	905,837,000
total liabilities and shareholders’ equity				12,034,748,000	12,013,199,000	12,273,408,000	11,604,562,000	12,219,454,000	12,146,611,000	12,430,821,000	12,139,953,000	12,090,321,000	12,319,976,000	11,662,864,000	11,317,074,000	11,578,968,000	12,097,008,000	1,281,598,000	11,845,876,000	12,273,325,000	12,757,343,000	12,614,457,000	13,062,984,000	13,121,513,000	13,215,970,000	13,531,943,000	13,653,945,000	12,173,401,000	12,030,059,000	11,901,963,000	11,519,247,000	9,627,271,000	9,297,908,000	7,931,161,000	8,043,659,000	7,807,911,000
trading security, at fair value						5,258,000									6,812,000	7,040,000	7,798,000		8,574,000	8,853,000	9,350,000	9,525,000	9,519,000	9,829,000		11,145,000	11,210,000	11,164,000	11,179,000	11,483,000	11,795,000	12,837,000	12,966,000	14,149,000	14,479,000	14,474,000
federal home loan bank stock and other restricted securities						19,565,000				22,689,000				7,219,000	7,264,000	9,365,000	10,829,000		12,041,000	19,638,000	28,680,000	40,520,000	46,139,000	54,306,000	48,019,000	56,049,000	59,356,000	54,624,000	76,184,000	75,530,000	64,038,000	78,874,000	76,407,000	61,277,000	68,242,000	60,261,000	73,212,000	58,734,000	55,720,000	50,282,000	37,870,000	37,174,000	37,148,000	23,120,000	23,120,000	23,120,000	23,120,000	23,120,000	23,120,000	23,120,000	23,120,000
other intangible assets						15,064,000			18,460,000	19,664,000	20,869,000	22,074,000	23,279,000	24,483,000	25,761,000	27,046,000	28,332,000		30,907,000	32,203,000	33,500,000	40,947,000	42,477,000	44,035,000	45,615,000	47,198,000	48,724,000	32,219,000	34,620,000	35,838,000	37,085,000	17,874,000	18,644,000	8,308,000	9,057,000	9,845,000	12,473,000	10,627,000	11,528,000	13,791,000	17,682,000	19,505,000	22,288,000	14,523,000	10,638,000	11,354,000	12,071,000	12,840,000	13,608,000	14,375,000	15,155,000	15,987,000	16,820,000	17,652,000	18,490,000	19,379,000	20,398,000	20,820,000	21,876,000	15,474,000	16,142,000	16,810,000	10,071,000	10,556,000	11,040,000	11,524,000
cash surrender value of bank-owned life insurance						245,789,000				242,309,000				238,919,000											227,894,000														104,588,000	101,530,000						46,085,000				36,904,000
subordinated notes						121,612,000				121,363,000				121,064,000				97,513,000							97,049,000														89,747,000	89,679,000	89,632,000
retained						-3,080,000	-14,976,000	-44,874,000	-61,147,000	-33,136,000	-23,846,000	-35,490,000	-51,398,000	-71,428,000	-93,820,000	-106,997,000	-125,343,000		-153,439,000
long-term federal home loan bank advances and other							232,042,000	157,106,000	127,169,000		134,295,000	204,345,000	4,395,000		4,494,000	8,542,000	14,563,000		13,369,000	217,847,000	351,354,000	495,483,000	559,839,000
liabilities held for sale								486,648,000	497,459,000											646,688,000	659,310,000
less: allowance for credit losses on held to maturity securities									-61,000		-69,000	-71,000	-71,000		-95,000	-94,000	-99,000		-125,000	-130,000	-111,000	-96,000	-113,000	-141,000
trading security										6,142,000				6,708,000											10,769,000												14,378,000	14,970,000	14,909,000	14,840,000	16,485,000	17,365,000	17,501,000	16,025,000	15,781,000	16,155,000	17,398,000	16,914,000	15,816,000	15,880,000	16,641,000	16,247,000	17,565,000	18,144,000
marketable equity securities, at fair value										13,029,000				12,856,000	12,790,000	14,154,000	14,719,000		15,601,000	15,709,000	15,801,000	31,993,000	33,263,000	32,283,000	41,556,000	59,596,000	59,578,000	59,121,000	59,734,000	59,726,000
less: allowance for credit losses on investment										-68,000				-91,000
cash due from berkshire bank																		108,946,000
investment in subsidiaries																		1,172,439,000
liabilities and shareholders’ equity
accrued expenses																		1,650,000
assets from discontinued operations																						12,966,000	21,692,000	140,064,000	154,132,000	242,279,000	212,745,000	165,078,000															63,033,000
liabilities from discontinued operations																						14,947,000	25,290,000	30,554,000	26,481,000	33,614,000	26,256,000	15,505,000															210,319,000
preferred stock																						20,325,000	20,325,000	20,325,000	40,633,000																												36,959,000	36,822,000
common stock (0.01 par value...																						523,000
common stock (.01 par value...																							523,000	523,000
commercial and industrial loans																									1,840,508,000	1,845,086,000	1,987,297,000	1,957,339,000	1,902,228,000	1,875,118,000	1,818,974,000	1,227,936,000	1,146,125,000	994,874,000	1,034,559,000	1,054,140,000	921,190,000	826,815,000	804,366,000
residential mortgages																									2,685,472,000	2,838,657,000	2,882,380,000	2,544,824,000	2,509,324,000	2,397,192,000	2,181,807,000	1,934,068,000	1,850,684,000	1,818,111,000	1,843,600,000	1,753,622,000	1,637,356,000	1,473,239,000	1,496,204,000	1,384,274,000	1,234,616,000	1,193,447,000	1,045,363,000	808,225,000	655,601,000	644,973,000	638,829,000	638,439,000	635,614,000	609,007,000	625,864,000	627,958,000	651,507,000	677,254,000	672,004,000	664,581,000	655,184,000	657,045,000	658,594,000	618,442,000	608,004,000	599,273,000
less: allowance for loan losses																									-63,575,000	-62,230,000	-62,156,000	-62,038,000	-58,457,000	-55,925,000	-53,859,000	-47,359,000	-45,804,000	-43,105,000	-41,397,000	-40,055,000	-37,197,000						-32,181,000	-31,919,000	-31,898,000	-31,898,000	-31,836,000	-31,848,000	-31,829,000	-31,816,000	-24,297,000	-22,917,000	-22,903,000	-22,908,000	-22,886,000	-22,581,000	-22,130,000	-22,116,000	-22,108,000	-19,151,000	-19,652,000	-19,370,000	-19,153,000	-13,537,000	-13,090,000	-13,001,000
deferred tax assets																									51,165,000	49,543,000	51,118,000	38,783,000	56,708,000	53,679,000	51,679,000	40,948,000	42,403,000	34,616,000	32,945,000	36,514,000	39,565,000	26,828,000	28,776,000	50,711,000	56,581,000
accumulated other comprehensive income/																									11,993,000
preferred stock (series b non-voting convertible preferred stock - 0.01 par value...																										40,633,000	40,633,000	40,633,000	40,633,000	40,633,000	40,633,000
loans held for sale, at fair value																												4,773,000	91,639,000	149,182,000	98,440,000	146,482,000	89,741,000					29,305,000	19,493,000	15,840,000
securities available for sale and other, at fair value																															1,460,660,000
commercial real estate																															3,266,737,000	2,689,522,000	2,673,363,000	2,327,044,000	2,237,582,000	2,100,067,000	1,907,237,000	1,672,099,000	1,611,567,000
now deposits																																574,661,000	562,743,000	476,189,000	489,734,000	473,556,000	458,570,000	436,458,000	426,108,000	353,612,000	374,721,000	298,236,000	269,668,000	216,256,000	217,776,000	212,143,000	213,734,000	187,401,000	195,848,000	197,176,000	195,496,000	176,238,000	199,236,000	190,828,000	196,217,000	193,551,000	208,913,000	213,150,000	207,326,000	134,978,000	146,679,000	153,087,000
accumulated other comprehensive income /																																				4,847,000
stockholders’ equity
total stockholders’ equity																																					827,151,000	716,230,000	709,287,000	678,062,000		583,270,000							385,321,000	384,581,000	410,305,000	407,551,000	412,818,000	408,425,000
total liabilities and stockholders’ equity																																					7,518,747,000	6,571,239,000	6,502,031,000	5,672,799,000		4,507,723,000							2,705,459,000	2,700,424,000	2,680,634,000	2,681,086,000	2,724,351,000	2,666,729,000
commercial mortgages																																								1,417,120,000	1,397,142,000	1,281,058,000	1,158,140,000	988,342,000	924,311,000	925,573,000	895,519,000	890,494,000	862,209,000	851,828,000	857,884,000	833,598,000	797,363,000	805,456,000	794,780,000	768,365,000	718,318,000	704,764,000	694,650,000	594,974,000	590,362,000	567,074,000
commercial business loans																																								687,293,000	618,342,000	519,684,000	382,159,000	345,364,000	288,375,000	286,087,000	226,625,000	191,277,000	177,532,000	186,044,000	178,337,000	172,341,000	179,765,000	178,934,000	181,224,000	197,580,000	200,048,000	203,564,000	203,594,000	172,299,000	188,256,000	189,758,000
accumulated other comprehensive loss																																											-5,540,000	-4,694,000	-4,888,000	-6,410,000	-9,204,000	-5,979,000	-3,535,000	-2,968,000	-3,378,000	-6,027,000	-9,285,000											-6,427,000	-4,356,000
junior subordinated debentures																																										15,464,000	15,464,000	15,464,000	15,464,000	15,464,000	15,464,000	15,464,000	15,464,000	15,464,000	15,464,000	15,464,000	15,464,000	15,464,000	15,464,000	15,464,000	15,464,000	15,464,000	15,464,000	15,464,000	15,464,000	15,464,000	15,464,000	15,464,000
derivative assets																																																		3,267,000	4,243,000	3,166,000	4,657,000
other long-term debt																																																				17,000,000	17,000,000	17,000,000
derivative liabilities																																																		13,720,000	18,004,000	14,181,000	22,485,000
cash and cash equivalents																																																			21,857,000	30,746,000	22,887,000		26,445,000	31,470,000								29,055,000
federal funds sold and short-term investments																																																			4,598,000	36,037,000	113,225,000		8,124,000	2,247,000	51,838,000
cash surrender value of life insurance policies																																																			36,569,000				35,331,000	35,007,000	34,516,000		35,027,000	30,836,000	30,579,000	30,338,000
cash surrender value of life insurance																																																				36,267,000	35,964,000	35,668,000				35,316,000
due to broker
long term federal home loan bank advances																																																						318,957,000
total non-maturity deposits																																																							1,095,106,000	1,093,851,000	1,161,024,000	1,094,671,000	1,036,373,000	832,928,000	831,193,000	830,564,000
brokered time deposits																																																							3,008,000	3,008,000	21,446,000	21,497,000	26,578,000	29,098,000	29,186,000	41,741,000
other time deposits																																																							739,090,000	714,371,000	697,633,000	706,395,000	733,193,000	666,488,000	675,233,000	649,633,000
total time deposits																																																							742,098,000	717,379,000	719,079,000	727,892,000	759,771,000	695,586,000	704,419,000	691,374,000
borrowings																																																							366,092,000	379,376,000	308,283,000	334,474,000	316,095,000	353,083,000	351,638,000	345,005,000	441,216,000	412,641,000	351,729,000	412,917,000
stockholders' equity
and 2,021,120 at december 31, 2007)																																																							-51,987,000	-54,762,000	-52,088,000
trading securities																																																								14,959,000
securities held to maturity, at amortized cost																																																									39,626,000		41,978,000	39,642,000	38,152,000		39,957,000	42,524,000	28,846,000
liabilities and stockholders’ equity
12,513,825 shares issued in 2007 and 10,600,472 in 2006)																																																										125,000
the accompanying notes are an integral part of these consolidated financial statements.
issued at september 30, 2007 and 10,600,472 shares issued at december 31, 2006)																																																											125,000
1,887,068 at december 31, 2006)																																																											-45,627,000
and 1,887,068 at december 31, 2006)																																																												-44,737,000	-45,361,000
due from broker																																																															95,022,000
accrued interest receivable																																																															9,395,000	8,361,000	8,915,000	8,508,000
bank-owned life insurance																																																															19,602,000	19,402,000
cash surrender value - other life insurance																																																															10,445,000	10,418,000	11,262,000
deposits																																																															1,488,101,000	1,463,545,000	1,450,554,000	1,371,218,000
preferred stock (.01 par value...
authorized; none issued)
10,600,472 shares issued)																																																															106,000	106,000	106,000
and 2,060,604 in 2005)																																																															-47,021,000	-48,176,000	-48,495,000
bank owned life insurance																																																																	19,201,000	19,002,000
securities held to maturity (fair value of 29,763 and 29,899
at december 31, 2005 and 2004, respectively)																																																																		29,908,000
cash surrender value – other life insurance																																																																		11,503,000
stockholders’ equity:
10,600,472 shares issued in 2005 and 7,673,761 in 2004)																																																																		106,000
1,800,198 in 2004)																																																																		-48,462,000

Cashflow Statements:

Quarterly

Annual

Unit: USD	2026-03-31	2025-12-31	2025-09-30	2025-06-30	2025-03-31	2024-12-31	2024-09-30	2024-06-30	2024-03-31	2023-12-31	2023-09-30	2023-06-30	2023-03-31	2022-12-31	2022-09-30	2022-06-30	2022-03-31	2021-12-31	2021-09-30	2021-06-30	2021-03-31	2020-12-31	2020-09-30	2020-06-30	2020-03-31	2019-12-31	2019-09-30	2019-06-30	2019-03-31	2018-12-31	2018-09-30	2018-06-30	2018-03-31	2017-06-30	2017-03-31	2016-09-30	2016-06-30	2016-03-31	2015-06-30	2015-03-31	2013-03-31	2011-09-30	2011-06-30	2011-03-31	2010-09-30	2010-06-30	2010-03-31	2009-09-30	2009-06-30	2009-03-31	2008-09-30	2008-06-30	2008-03-31	2007-12-31	2007-09-30	2007-06-30	2007-03-31	2006-09-30	2006-06-30	2006-03-31

cash flows from operating activities:
net income	46,217,000	99,385,000	-65,199,000	30,366,000	25,719,000	19,657,000	37,509,000	24,025,000	-20,188,000	-1,445,000	19,545,000	23,861,000	27,637,000		18,717,000	23,115,000	20,196,000	20,248,000	63,749,000	21,636,000	13,031,000					25,751,000	22,616,000	25,448,000	23,635,000	14,259,000	32,227,000	34,031,000	25,248,000	19,694,000	15,460,000	16,381,000	15,957,000	16,001,000	10,044,000	8,759,000	10,465,000	4,392,000	1,914,000	2,798,000	3,424,000	3,408,000	3,336,000	1,922,000	2,331,000	3,883,000	5,276,000	5,713,000	6,049,000	801,000	944,000	4,576,000	4,942,000	-2,120,000	4,463,000	4,818,000
adjustments to reconcile net income to net cash from operating activities:
provision for credit losses	7,946,000	-59,122,000							6,000,000		8,000,000	8,000,000	8,999,000			0	-4,000,000	-3,000,000	-4,000,000	0	6,500,000
deferred income tax expense	10,610,000	27,466,000
depreciation of premises and equipment	3,312,000	3,424,000
accretion of investment securities premiums and discounts	-5,299,000
accretion of premiums and discounts and deferred loan and lease origination costs	-9,372,000	-8,007,000
amortization of identified intangible assets	8,328,000	8,777,000
amortization of debt issuance costs	1,000	24,000
amortization of other acquisition fair value adjustments	1,657,000
gain on sales of loans and leases held-for-sale	-2,689,000
write-down of other repossessed assets
compensation under recognition and retention plans	946,000	678,000
net change in:
cash surrender value of bank-owned life insurance	-2,539,000	-1,601,000
other assets	-4,881,000	22,780,000
accrued expenses and other liabilities	-68,086,000	-90,000
net cash (used for) provided from operating activities	-13,849,000
cash flows from investing activities:
proceeds from maturities, calls, and principal repayments of investment securities available-for-sale	89,225,000	91,039,000
purchases of investment securities available-for-sale	-129,139,000	-21,389,000
proceeds from redemption/sales of restricted equity securities	20,528,000	14,521,000
purchase of restricted equity securities	-30,531,000	-2,527,000
proceeds from sales of loans and leases net	37,800,000
net decrease in loans and leases	66,054,000	284,978,000
sale of premises and equipment	-2,249,000
proceeds from sales of other repossessed assets	20,000
net cash from investing activities	51,708,000	359,648,000																-227,515,000	82,926,000	392,040,000	353,103,000				160,324,000											90,631,000	-231,384,000	29,328,000			6,302,000									14,120,000
cash flows from financing activities:
increase in demand checking, now, savings and money market accounts	-881,751,000
decrease in certificates of deposit and brokered deposits	-341,513,000
proceeds from fhlb advances	1,151,346,000	266,750,000
repayment of fhlb advances	-885,127,000	-552,128,000
increase in other borrowed funds	17,423,000
decrease in mortgagors' escrow accounts		4,329,000
payment of dividends on common stock	-27,034,000	-27,032,000
net cash from financing activities	-966,656,000										38,070,000	-249,694,000	623,886,000																	183,932,000	93,494,000	294,155,000	2,108,000			-125,742,000	216,777,000	-73,383,000							50,515,000			-8,762,000	-43,190,000	75,744,000		-2,456,000	28,386,000			-4,261,000	19,787,000
net decrease in cash and cash equivalents	-928,797,000
cash and cash equivalents at beginning of period	2,041,745,000		-584,739,000	0	1,128,409,000		0	0	1,203,244,000		0	0	685,355,000		0	0	1,627,807,000		0	0	1,557,875,000		0	0	579,829,000		0	0	183,189,000		0	0	248,763,000									0	0	44,140,000	0	0	32,608,000	0	0	44,798,000	0	0	41,142,000		0	0	30,985,000	0	0	31,087,000
cash and cash equivalents at end of period	1,112,948,000		417,889,000	-23,606,000	826,337,000		-530,325,000	-93,403,000	1,193,695,000		22,870,000	-365,962,000	1,006,562,000		-176,104,000	-736,234,000	1,607,251,000		297,849,000	-72,927,000	1,899,608,000		-108,860,000	438,732,000	605,420,000		72,789,000	61,687,000	167,619,000		-3,323,000	15,170,000	123,887,000									93,553,000	692,000	41,225,000	-3,866,000	15,671,000	26,577,000	-40,328,000	-69,329,000	136,112,000	852,000	-49,868,000	83,585,000		7,969,000	-1,654,000	27,567,000	-3,485,000	1,277,000	27,778,000
supplemental disclosure of cash flow information:
cash paid during the period for:
interest on deposits, borrowed funds and subordinated debt	100,552,000	114,856,000
income taxes	3,678,000	1,147,000
non-cash investing activities:
transfer from loans to other repossessed assets	52,000
proceeds from sales of loans and leases held-for-sale
accretion of investment securities deferred
gain on sales of investment securities
gain on sales of loans and leases
loss on sales of oreo and other repossessed assets
write-down of oreo and other repossessed assets
impairment of bankri trade name
net cash from operating activities		167,436,000	-4,773,000	38,522,000	23,259,000	36,703,000	46,888,000	34,754,000	6,861,000	52,450,000	43,654,000	23,738,000	37,314,000	35,006,000	73,940,000	-2,409,000	16,696,000	22,929,000	18,813,000	40,161,000	23,574,000	32,871,000								40,563,000	115,737,000	-19,679,000	85,633,000	-27,517,000	55,216,000	29,817,000	20,369,000	9,310,000	-2,107,000	3,804,000	22,286,000	15,433,000	7,795,000	8,916,000	3,488,000	6,573,000	14,438,000	10,167,000	2,642,000	1,450,000	12,263,000	2,069,000	8,462,000	-7,338,000	12,930,000	1,059,000	5,169,000			6,538,000
proceeds from sales of investment securities available-for-sale		0
proceeds from sales of loans and leases held-for-investment
net cash and cash equivalents acquired in acquisition		0
purchase of premises and equipment		-7,839,000	1,137,000	-2,207,000	-3,379,000	-3,550,000	-465,000	-318,000	-235,000	-1,067,000	0	0	-753,000	-765,000	0			0	0	691,000	-2,297,000	-1,018,000	-1,697,000	-1,107,000	-3,386,000	-2,047,000	-4,407,000	-1,729,000	-2,382,000	-78,000	-1,690,000	-3,582,000	-4,376,000	-1,851,000	-5,070,000	-1,475,000	-456,000	-2,383,000
proceeds from sales of oreo and other repossessed assets
increase in certificates of deposit and brokered certificates of deposit
payment of income taxes for shares withheld in share based activity		0
net cash (used for) provided from financing activities		294,041,000
net increase in cash and cash equivalents		821,125,000
cash and cash equivalents at beginning of year																																			113,075,000	0	0	103,562,000	0	71,754,000	98,244,000
cash and cash equivalents at end of year																																			93,343,000	-5,294,000	5,762,000	68,817,000	143,304,000	62,214,000	74,331,000
cash paid during the year for:
transfer from loans and leases to loan and leases held-for-sale
transfer from loans to oreo and other repossessed assets
acquisitions of berkshire hills bancorp, inc. in 2025 and pcsb financial corporation in 2023:
fair value of assets acquired, net of cash and cash equivalents acquired
fair value of liabilities assumed		0
common stock issued
amortization of acquisition fair value adjustments
decrease in demand checking, now, savings and money market accounts
increase in certificates of deposit and brokered deposits
decrease in other borrowed funds
transfer from loans and leases to loans held-for-sale
acquisition of berkshire hills bancorp, inc.
fair value of assets assumed
provision expense for credit losses				4,000,000	5,500,000
net amortization of securities				217,000	161,000	239,000	270,000	-1,139,000	568,000	486,000	485,000	522,000	-42,000	598,000	905,000	715,000	668,000	406,000	785,000	359,000	389,000	478,000	672,000	601,000	762,000	596,000	583,000	604,000	624,000	671,000	706,000	717,000	743,000	706,000	626,000	1,473,000	1,278,000	725,000			354,000	298,000	255,000	340,000	595,000	674,000	673,000	652,000	346,000	189,000
change in unamortized net loan origination costs and premiums				-525,000	-626,000
premises and equipment depreciation and amortization expense				1,447,000	1,499,000	1,565,000	1,681,000	1,799,000	1,939,000	2,041,000	2,077,000	2,104,000	2,223,000	2,319,000	2,350,000	2,428,000	2,479,000	2,629,000	2,770,000	2,797,000	2,839,000	2,975,000	3,036,000	3,228,000	2,680,000	3,077,000	2,892,000	2,768,000	2,184,000	2,748,000	2,832,000	2,659,000	2,556,000	2,494,000	2,467,000	1,989,000	2,082,000	2,155,000	2,186,000	2,096,000	1,725,000		1,097,000	1,062,000
stock-based compensation expense				1,312,000	1,289,000	2,152,000	2,218,000	1,847,000	2,101,000	1,977,000	2,067,000	2,258,000	1,196,000	1,679,000	1,733,000	2,121,000	1,805,000	518,000	1,371,000	1,606,000	675,000	1,277,000	635,000	1,356,000	1,459,000	1,266,000	1,542,000	1,015,000	989,000	478,000	1,483,000	1,416,000	1,382,000	1,322,000	1,202,000	870,000	1,440,000	1,156,000	1,259,000	993,000	881,000			208,000	371,000	373,000	411,000	335,000	239,000	509,000
accretion of purchase accounting entries				-28,000	-414,000	-434,000	-399,000	-233,000	-221,000	-213,000	-173,000	-283,000	-47,000	-170,000	-3,000	-787,000	-677,000	-1,531,000	-1,491,000	-2,250,000	-1,305,000	-2,231,000	-2,591,000	-2,434,000	-3,121,000	-5,224,000	-4,947,000	-3,304,000	-1,338,000	-8,265,000	-4,621,000	-7,276,000	-3,838,000	-3,374,000	-4,597,000	-2,465,000	-2,332,000	-2,469,000
amortization of other intangibles				1,128,000	1,128,000	1,128,000	1,128,000	1,140,000	1,205,000	1,205,000	1,205,000	1,205,000	1,205,000	1,277,000	1,285,000	1,286,000	1,286,000	1,288,000	1,296,000	1,297,000	1,319,000	1,513,000	1,530,000	1,558,000	1,580,000	1,582,000	1,526,000	1,475,000	1,200,000	1,202,000	1,218,000	1,246,000	1,268,000	770,000	801,000	749,000	787,000	819,000	934,000	901,000	1,377,000				768,000	768,000	768,000	833,000	833,000	833,000
income from cash surrender value of bank-owned life insurance policies				-1,576,000	-1,539,000	-1,536,000	-1,630,000	-1,518,000	-1,468,000	-1,482,000	-1,515,000	-1,418,000	-977,000	-1,401,000	-1,442,000	-1,365,000	-1,332,000	-1,351,000	-1,479,000	-1,383,000	-1,348,000	-1,478,000	-1,405,000	-1,365,000	-1,106,000	-1,803,000	-1,083,000	-1,303,000	-1,160,000	-2,625,000	-1,248,000	-1,201,000	-1,158,000	-221,000	-967,000	-880,000	-972,000	-1,053,000				-620,000	-492,000	-380,000	-301,000	-297,000	-286,000
(gain) on sba loan sales				-2,288,000	-3,276,000	-4,635,000	-3,020,000	-3,294,000	-1,699,000	-2,382,000	-2,548,000	-2,910,000	-2,494,000
fair value adjustments on securities				-46,000	52,000		-516,000	42,000	115,000		467,000
loss on sale of afs securities							0	0	49,909,000
net change in loans held-for-sale				-2,692,000	1,514,000	5,020,000	-1,505,000	1,398,000	-4,108,000	105,000	6,366,000	-6,802,000	2,405,000	214,000	512,000	-762,000	5,204,000	-977,000	-1,412,000	4,226,000	3,938,000	2,863,000
amortization of interest in tax-advantaged projects				-602,000	-623,000	-1,000,000	-854,000	-788,000	134,000	2,059,000	1,464,000	2,210,000	2,285,000			351,000	357,000	1,448,000	1,789,000	174,000	33,000	1,024,000	1,035,000	1,100,000	486,000	1,996,000	1,942,000	1,938,000	579,000	1,406,000	1,112,000	1,594,000	506,000	1,453,000	1,329,000	1,525,000	1,938,000	991,000	2,866,000	2,882,000
net change in other				7,809,000	-7,125,000	7,843,000	20,491,000	2,813,000	-28,225,000	18,191,000	5,595,000	-4,248,000	-5,151,000	-16,115,000	47,029,000	-32,395,000	-10,595,000	1,348,000	5,615,000	13,903,000	-2,584,000	4,905,000	-12,125,000	-12,485,000	-11,542,000	-18,429,000	517,000	-162,000	-5,158,000	24,433,000	18,388,000	-5,840,000	-3,908,000	2,651,000	13,536,000	4,045,000	5,151,000	-10,285,000				7,945,000	1,043,000	1,281,000	-4,548,000	-362,000	3,793,000	-4,657,000	1,306,000	-2,837,000
net decrease in trading security				236,000	235,000	231,000	228,000	224,000	222,000	219,000	215,000	214,000	212,000	209,000	205,000	202,000	202,000	198,000	194,000	192,000	192,000	188,000	183,000	182,000	181,000	179,000	175,000	173,000	174,000	170,000	166,000	164,000	165,000	154,000	157,000	150,000			140,000	142,000	128,000
purchases of securities available for sale				-9,611,000	-21,151,000	-32,340,000	-46,408,000	0	-7,798,000	0	-7,788,000	-7,899,000	-28,899,000	-50,872,000	-41,431,000	-1,000	-386,636,000	-375,666,000	-160,027,000	-165,046,000	-103,877,000	-249,988,000	-319,245,000	-155,024,000	-160,925,000	-89,639,000	-14,852,000	0	-15,180,000		-58,025,000			-89,983,000	-151,731,000	-21,449,000	-118,501,000	-46,442,000										-42,652,000	-61,542,000	-16,027,000	-18,188,000	-16,449,000	-10,316,000		-6,609,000	-150,000	-10,019,000	-142,000	-2,894,000	-11,315,000
proceeds from sales of securities available for sale						0	0	0	361,871,000					0	0							-2,507,000	64,198,000	4,126,000	3,520,000	53,251,000	0	80,391,000	2,587,000					10,694,000	26,085,000	96,236,000	180,519,000	7,000,000	17,811,000	4,693,000
proceeds from maturities, calls, and prepayments of securities available for sale				18,746,000	21,565,000	15,689,000	21,519,000	14,640,000	36,344,000	35,072,000	47,162,000	49,986,000	69,404,000	108,398,000	184,980,000	124,927,000	130,118,000	127,092,000	143,085,000	138,363,000	166,998,000	137,576,000	129,662,000	99,590,000	90,758,000	89,431,000	61,389,000	50,224,000	39,542,000	45,762,000	49,265,000	48,980,000	44,069,000
purchases of securities held to maturity						-300,000	0			0	0			0	-232,000			1,000	-467,000	-63,587,000	-155,417,000	-141,451,000	-1,828,000			-1,568,000	-5,233,000	-300,000	-159,000	-2,526,000	-5,084,000	-6,163,000	-1,618,000	-22,545,000	-1,037,000	-1,183,000	-4,734,000	-52,000										-8,549,000	-4,475,000	-4,876,000	-4,865,000	-5,887,000	-3,639,000		-4,748,000	-4,250,000	-1,161,000	-2,623,000	-16,017,000	-4,301,000
proceeds from maturities, calls, and prepayments of securities held to maturity				17,709,000	13,405,000	4,833,000	7,865,000	12,498,000	11,415,000	9,341,000	10,391,000	11,081,000	8,380,000	8,577,000	9,870,000	9,661,000	23,853,000	14,839,000	13,902,000	7,943,000	9,377,000	6,094,000	6,058,000	2,807,000	20,372,000	7,780,000	4,535,000	5,176,000	4,111,000	7,677,000	5,088,000	21,096,000	2,885,000
net change in loans				-70,458,000	-47,858,000	-171,041,000	-25,057,000	-190,191,000	-107,435,000	-57,768,000	-105,293,000	-202,219,000	-351,311,000	-428,268,000	-149,682,000	-537,705,000	-443,357,000	6,343,000	424,673,000	419,250,000	412,255,000	579,322,000	388,799,000	-131,521,000	217,429,000	299,014,000	176,248,000	131,842,000	87,553,000	-192,239,000	-195,920,000	-263,943,000	-149,774,000	-197,394,000	-82,329,000	-34,438,000	-267,071,000	17,069,000			100,676,000
net change in new york branch loans held for sale						0	-1,952,000
proceeds from surrender of bank-owned life insurance						957,000	1,209,000			1,345,000				534,000	935,000	413,000	429,000	988,000				0	0	0	553,000	994,000				395,000	0			0	310,000	0	108,000	150,000
purchase of federal home loan bank stock				-29,199,000	-68,542,000	-51,998,000	-35,597,000	-53,940,000	-22,610,000	-44,823,000	-108,457,000	-157,724,000	-183,155,000	-57,845,000	-34,020,000	-32,350,000	-116,000					0	0	0	-6,741,000	0	-59,996,000	-36,282,000	-15,930,000	-13,198,000	-21,774,000	-23,504,000	-17,614,000	-69,502,000	-6,931,000	0	-8,064,000	-739,000
proceeds from redemption of federal home loan bank stock				33,307,000	58,419,000		39,922,000	39,452,000	24,777,000		104,259,000	167,255,000	146,129,000		36,121,000	33,814,000	87,000		7,597,000	9,042,000	6,193,000		5,619,000
net investment in limited partnership tax credits				-2,669,000	-4,834,000	-3,063,000	43,000	-6,022,000	-4,675,000					-13,094,000	-722,000			-1,493,000				-781,000	-645,000	-3,071,000	-2,783,000	-390,000	-2,182,000	-2,320,000	505,000	-909,000	-6,279,000			-402,000	-354,000	-1,067,000	-2,319,000	-1,803,000						-4,166,000
proceeds from sales of seasoned consumer loan portfolio				0	5,001,000
net cash (used)/provided by investing activities				-41,403,000	-47,139,000									-350,913,000	6,024,000	-253,071,000	-675,420,000
net (decrease) in deposits				99,154,000	-495,327,000		-110,177,000	-261,513,000	-265,882,000
net change in new york branch deposits held for sale							-24,388,000
proceeds from federal home loan bank advances and other borrowings				311,000,000	500,000,000	1,000,000	150,000,000	855,500,000	202,000,000	440,979,000	1,585,000,000	4,870,000,000	3,555,000,000	0	0	50,000,000	1,275,000					0	0	10,423,000	315,854,000	117,462,000	3,025,003,000	950,000,000	1,292,517,000	1,093,926,000	1,385,944,000	1,052,004,000	1,235,892,000	1,550,000,000	2,291,600,000	2,815,000,000	2,329,620,000	2,119,500,000	1,696,000,000	2,200,000,000	90,015,000	10,000,000	90,000,000	15,480,000	96,125,000	72,250,000	44,130,000
repayments of federal home loan bank advances and other borrowings				-410,060,000	-253,561,000	-270,060,000	-254,063,000	-503,063,000	-250,055,000	-860,050,000	-1,455,050,000	-5,100,050,000	-2,655,050,000	-50,000	-54,050,000	-6,050,000	-46,000	-42,000	-205,462,000	-133,533,000	-123,022,000	-131,155,000	-114,206,000	-234,905,000	-102,382,000	-291,212,000	-3,025,803,000	-1,311,141,000	-1,600,624,000	-1,116,280,000	-1,209,636,000	-903,529,000	-1,157,778,000	-1,461,689,000	-2,221,603,000	-2,997,123,000	-2,179,173,000	-2,212,752,000				-151,072,000	-88,203,000	-46,915,000	-72,130,000	-44,010,000	-93,757,000	-47,303,000	-75,301,000	-61,998,000	-27,913,000	-13,614,000	-121,191,000
purchase of treasury stock						2,000	1,000	-13,494,000	-4,045,000	-6,698,000	-3,578,000	-12,378,000	-1,190,000	-19,976,000	-20,248,000	-55,041,000	-29,254,000	0	-47,962,000			0	0	0	-473,000	-25,095,000	-24,325,000
common stock cash dividends paid				-8,351,000	-8,363,000		126,000				-7,901,000	-7,953,000	-8,008,000		-5,493,000	-4,769,000	-6,152,000																	-7,517,000	-7,506,000	-6,233,000	-6,226,000	-6,216,000				-3,383,000	-2,679,000	-2,251,000	-2,249,000	-2,248,000	-2,244,000	-2,229,000	-1,969,000	-1,963,000
settlement of derivative contracts with financial institution counterparties				-12,468,000	-20,941,000	30,945,000	-32,430,000	849,000	9,696,000	13,706,000	7,462,000	-175,000	-7,142,000	-4,661,000	25,022,000	21,618,000	42,065,000	10,254,000	12,102,000	-6,775,000	36,326,000	11,488,000	6,270,000	-6,444,000	-108,925,000
net cash (used) by financing activities				-20,725,000	-278,192,000
net change in cash and cash equivalents				-23,606,000	-302,072,000	558,442,000	-530,325,000	-93,403,000	-9,549,000	539,774,000	22,870,000	-365,962,000	321,207,000	-9,558,000	-176,104,000	-736,234,000	-20,556,000	-496,723,000	297,849,000	-72,927,000	341,733,000	622,583,000	-108,860,000	438,732,000	25,591,000	277,734,000	72,789,000	61,687,000	-15,570,000	47,455,000	-3,323,000	15,170,000	-124,876,000	8,490,000	-19,732,000	-5,294,000	5,762,000	-34,745,000				93,553,000	692,000	-2,915,000	-3,866,000	15,671,000	-6,031,000	-40,328,000	-69,329,000	91,314,000	852,000	-49,868,000	42,443,000	-2,999,000	7,969,000	-1,654,000	-3,418,000	-3,485,000	1,277,000	-3,309,000
supplemental cash flow information:
interest paid on deposits				53,522,000	53,160,000	56,881,000	57,699,000	60,015,000	57,719,000	49,885,000	39,956,000	33,205,000	25,267,000	16,492,000	7,480,000	4,845,000	3,965,000	5,837,000	5,254,000	8,366,000	10,149,000	15,200,000	17,082,000	23,207,000	26,830,000	32,196,000	33,208,000	28,173,000	26,118,000	22,026,000	20,379,000	16,815,000	15,345,000	10,145,000	9,253,000	7,381,000	7,606,000	6,967,000	5,388,000	4,902,000	5,330,000	6,271,000	5,783,000	5,753,000	6,918,000	6,791,000	6,917,000	8,192,000	8,551,000	8,468,000	9,345,000	11,509,000	11,387,000	4,576,000	11,944,000	12,478,000	11,994,000	10,793,000	9,851,000	8,699,000
interest paid on borrowed funds				6,726,000	5,566,000	9,002,000	9,352,000	9,203,000	7,241,000	10,419,000	12,677,000	17,325,000	6,163,000	2,027,000	3,620,000	1,808,000	1,588,000	1,714,000	2,807,000	3,209,000	3,655,000	4,316,000	4,793,000	6,135,000	6,033,000	5,907,000	7,181,000	9,662,000	10,656,000	9,450,000	8,622,000	7,477,000	6,725,000	4,937,000	5,084,000	4,669,000	3,989,000	3,508,000	2,249,000	2,306,000	3,440,000	2,157,000	1,993,000	2,052,000	2,272,000	2,300,000	2,316,000	3,315,000	3,434,000	3,830,000	4,156,000	3,690,000	3,981,000	3,038,000	4,805,000	4,598,000	4,319,000	4,073,000	3,913,000	3,852,000
income taxes paid				4,958,000	779,000		-4,116,000	3,481,000	995,000	4,564,000	110,000	3,221,000	4,412,000										-51,000	218,000	178,000	11,450,000			794,000							3,717,000			50,000	274,000	638,000		0	55,000			2,209,000	44,000			1,754,000			-4,561,000	486,000	4,135,000	871,000	388,000
other non-cash changes:
other net comprehensive income				3,779,000	11,324,000	-17,086,000	25,441,000	-283,000	28,601,000		-32,146,000	-27,174,000	21,986,000		-65,495,000	-44,762,000	-74,994,000	-10,492,000	-7,523,000	4,051,000	-20,150,000		-813,000	2,222,000	19,024,000		4,579,000	14,207,000	10,564,000	15,177,000	-7,381,000	-5,839,000	-14,231,000	2,473,000	-1,908,000	-1,802,000	5,366,000	8,152,000	-9,464,000	2,489,000	1,308,000
reclassification of seasoned loan portfolios to held-for-sale							44,631,000
reclassification of new york branch loans from portfolio loans to assets held-for-sale						0	0	0	58,455,000
reclassification of new york branch assets to assets held-for-sale						0	0	0	13,936,000
reclassification of new york branch deposits to liabilities held-for-sale						0	0	0	484,530,000
reclassification of new york branch liabilities to liabilities held-for-sale						0	0	0	12,929,000
reclassification of loans held-for-sale to held-for-investment
securities purchased not yet settled
dividends declared not yet paid									7,823,000
reclassification of held-for-sale loans to held-for-investment					240,000
securities losses													-234,000		476,000	973,000	745,000	106,000	166,000	484,000	31,000
gain on sale of business operations and other assets						-193,000												-1,057,000
proceeds from sales of equity securities
proceeds from sales of federal home loan bank stock
proceeds from sales of seasoned loan portfolios
cash outflows from sale of business operations and other assets						0												0
net cash (used) by investing activities											-58,854,000	-140,006,000	-339,993,000																		-212,554,000	-259,306,000	-212,617,000
net increase in deposits										652,840,000	-87,863,000	862,000	-259,724,000			-584,544,000	630,255,000	-296,462,000	444,318,000	-330,470,000	28,562,000	366,626,000	-309,349,000			-85,242,000	-140,539,000	65,743,000	184,034,000	216,285,000	-72,590,000	155,879,000	-65,870,000	59,567,000	34,757,000	62,510,000	72,643,000	25,961,000	141,347,000	65,007,000	1,049,000	101,673,000	15,376,000	36,608,000	28,576,000	2,878,000	50,531,000	15,424,000	13,314,000	108,500,000	25,976,000	-68,874,000	57,540,000	145,541,000	-1,397,000	-7,098,000	13,674,000	24,598,000	12,949,000	79,336,000
net change in ny branch deposits held for sale
issuance of common stock
proceeds from issuance of subordinated debt														0	0
repayment from calling of subordinated debt														0
exercise of stock options														1,000	244,000	0	25,000	255,000	38,000	55,000	69,000	57,000	0	88,000	519,000	119,000	55,000			224,000	1,000	25,000	76,000	30,000	81,000	104,000	12,000	25,000	0	116,000	1,827,000
common and preferred stock cash dividends paid																		-6,142,000	-12,287,000	0	-6,124,000	-6,108,000	-18,281,000	0	-12,175,000	-11,631,000	-12,052,000	-10,709,000	-10,715,000	-10,223,000	-10,225,000	-10,224,000	-10,212,000
income taxes (refunded)/paid
seasoned loan portfolios reclassified to held-for-sale
held-for-sale loans reclassified to held-for-investment
reclassification of new york branch loans held-for-sale to held-for investment						0
reclassification of liabilities held-for-sale to deposits						0
premises and equipment reclassified to held-for-sale
impact to retained earnings from adoption of asu 2022-02										0	0	0	401,000
premium payable on cash flow hedges
change in unamortized net loan costs and premiums							2,063,000	2,163,000	799,000		619,000	-783,000	309,000		86,000	1,911,000	560,000		638,000	-2,655,000	-2,755,000		1,079,000	19,100,000	386,000		3,271,000	3,532,000	2,161,000		-443,000	-2,097,000	577,000	-1,385,000	1,227,000	-557,000	-3,340,000	72,000	438,000	398,000		44,000	85,000	390,000	484,000	155,000	233,000
proceeds from sales of seasoned residential loan portfolios
net cash provided/(used) by investing activities							-306,282,000	-180,353,000	291,876,000
net cash (used)/provided by financing activities							-270,931,000	52,196,000	-308,286,000
properties transferred to held for sale											3,754,000	0	4,960,000
benefit from credit losses																								29,871,000	34,807,000
provision expense/(benefit) for credit losses
securities losses/(gains)
loss on disposition of assets																		0	0	0	2,811,000	0				1,828,000	0	0	1,615,000					250,000	662,000	17,000			948,000	1,136,000	1,596,000
loss on sale of real estate																						0													13,000	5,000	3,000	54,000	246,000	154,000		-10,000
prepayment penalties on repayment of federal home loan bank advances																		0
proceeds from sales of marketable equity securities																		0	31,000	0	2,849,000	15,470,000	0	6,129,000	12,329,000	25,347,000	5,832,000	0	11,896,000		6,041,000	0	26,096,000
net change in mid-atlantic region loans held for sale																		0	3,783,000	30,301,000	16,830,000
proceeds from sales of seasoned commercial loan portfolios																		-1,063,000	2,731,000			0
proceeds from sales of other real estate owned
net change in mid-atlantic region deposits held for sale																		0
net cash provided/(used) by financing activities																-480,754,000	638,168,000
other net comprehensive income/
mid-atlantic loans held-for-sale reclassified to portfolio loans
mid-atlantic deposits held-for-sale reclassified to deposits
net income/(loss) from continuing operations
net (loss) from discontinued operations																									-7,798,000				-637,000
net income/
goodwill impairment																						0	0
net cash from operating activities of continuing operations																		22,929,000	18,813,000	40,161,000	23,574,000	39,104,000	21,049,000	35,332,000	28,492,000	22,698,000	51,964,000	31,095,000	24,662,000
net cash provided/(used) by operating activities of discontinued operations
purchases of marketable equity securities																						0	0	-6,194,000	-11,437,000	-5,691,000	-5,757,000	-493,000	-11,900,000		-5,961,000	0	-12,688,000
net investing cash flows provided/(used) by discontinued operations
other net comprehensive (loss)/income
impact to retained earnings from adoption of asc 326, net of tax																						0	0	0	24,380,000
mid-atlantic assets reclassified to held for sale
mid-atlantic liabilities reclassified to held for sale
real estate owned acquired in settlement of loans																						0	0	0	224,000					3,200,000	0			355,000	35,000	70,000	10,000	215,000	333,000	127,000	918,000
(benefit)/benefit from credit losses
gain on sale of real estate																			39,000							0
proceeds from sale of other real estate																			45,000				0								0			172,000	102,000	550,000	487,000	446,000	898,000	578,000	449,000	704,000	0	382,000
net increase/(decrease) in deposits
income taxes (refunded) paid															2,651,000	9,896,000	2,694,000		1,168,000	1,276,000	-2,386,000																	-370,000												106,000			-267,000
reclass of seasoned loan portfolios to held-for-sale																		0	0	2,160,000	9,500,000	4,797,000	-5,501,000
reclass of mid-atlantic loans held-for-sale to portfolio loans																		0
reclass of mid-atlantic deposits held-for-sale to deposits																		0
reclass of held-for-sale loans to held-for-investment															0	0	606,000
change in shareholder dividend payable
unsettled transactions related to security purchases																					22,126,000
net income from continuing operations																		20,248,000	63,749,000	21,636,000	13,031,000					32,636,000	20,659,000	23,954,000	24,272,000
acquisitions, net of cash paid
acquisition of non-cash assets and liabilities:
assets acquired																										0	0									0						-321,064,000
liabilities assumed																										0	0									-1,000						258,480,000
mid- atlantic liabilities reclassified to held for sale
reclass of premises and equipment to held-for-sale
net cash from operating activities of discontinued operations
net investing cash flows from discontinued operations																											0
net cash used by financing activities																			196,110,000	-505,128,000	-34,944,000				-169,785,000
net increase in mid-atlantic region deposits held for sale																				-13,655,000	29,245,000
net cash provided (used) by operating activities of discontinued operations																							-3,435,000	106,772,000	6,560,000
net (loss)/income from continuing operations																								-543,045,000	-12,072,000
net (loss)/income																								-549,381,000	-19,870,000
net income from discontinued operations																										-6,885,000	1,957,000
decrease in right-of-use lease assets																							-1,682,000	1,233,000	2,258,000
decrease in lease liabilities																							1,740,000	-1,199,000	-2,287,000
acquisitions, net of cash acquired
net (loss)/income from discontinued operations
adjustments to reconcile net (loss)/income to net cash from operating activities:
securities losses (gains)																								-822,000	9,730,000					3,023,000	-88,000	-718,000	1,502,000
net decrease in loans held-for-sale
net cash provided (used) by operating activities																								142,104,000	35,052,000
net cash (used) provided by investing activities																																			-170,577,000												-19,129,000
net cash provided (used) by financing activities																																			95,629,000				236,833,000	53,861,000				3,136,000														52,931,000	89,239,000	17,446,000
net increase in loans held-for-sale																									4,472,000
proceeds from sale of federal home loan bank stock																									454,000		63,303,000	39,471,000	38,650,000	12,038,000	21,120,000	12,012,000	16,661,000	67,036,000	1,636,000	6,966,000	83,000	11,495,000	60,000	103,000	1,915,000	0
net (decrease)/increase in deposits																									-262,203,000
reclass of sba loan portfolio to held-for-investment																									27,940,000
benefit from loan losses																										5,351,000	22,600,000	3,467,000	4,001,000	6,716,000	6,628,000	6,532,000	5,575,000	4,889,000	5,095,000	4,734,000	4,522,000	4,006,000	4,204,000	3,851,000	2,400,000	2,200,000	1,500,000	1,600,000	2,000,000	2,200,000	2,326,000	4,300,000	2,200,000	2,500,000	1,250,000	1,105,000	825,000	6,620,000	390,000	100,000	750,000	6,185,000	600,000	290,000
write down of other real estate owned																																				30,000						500,000
securities (gains) losses																										-1,734,000	-87,000	-17,000	-2,551,000
change in right-of-use lease assets																										2,006,000	3,537,000	2,673,000	3,815,000
change in lease liabilities																										-2,028,000	-3,551,000	-2,657,000	-3,981,000
remeasurement of deferred tax asset
net cash (used) provided by operating activities of discontinued operations																										85,107,000	-22,176,000	-36,914,000	-44,911,000
purchase of bank-owned life insurance
payment to terminate cash flow hedges
net investing cash flows (used) by discontinued operations
net cash provided (used) by investing activities																										465,528,000	220,662,000	376,925,000	139,467,000
acquisition contingent consideration paid																																		0	-1,700,000
net cash (used) provided by financing activities																										-295,599,000	-177,661,000																				-1,340,000
reclass of aircraft, hoa, and sba loan portfolios to hfs
goodwill measurement period adjustment
net (decrease) in loans held-for-sale																											2,558,000	-2,888,000	-2,590,000
net cash (used) provided by operating activities																											29,788,000	-5,819,000	-20,249,000
acquisitions, net of cash (paid) acquired																											0									0
reclass of aircraft and hoa loan portfolios to held-for-sale
income taxes paid (refunded)																																			-3,685,000
reclass of aircraft loan portfolio to held-for-sale
net cash (provided) used by financing activities																													-134,788,000
excess tax income from stock-based payment arrangements																																				0	-6,000	-99,000	-49,000	23,000	479,000
net decrease (increase) in loans held-for-sale
(gain) loss on sale of real estate
proceeds from sales of marketable equity securities and securities available for sale
purchases of marketable equity securities and securities available for sale
proceeds from sale of premises and equipment																																																0			0
proceeds from sale of other real estate owned																																																0			260,000
originations of loans held for sale																															-498,893,000	-626,408,000	-479,692,000
proceeds from sale of loans held for sale																															565,407,000	585,861,000	545,019,000
net gain on sale of loans and other mortgage banking income																															-8,971,000	-10,195,000	-10,147,000
purchases of bank owned life insurance
income taxes paid (refund)																															3,204,000	-3,511,000	1,065,000
purchases of securities available for sale and other																																	-116,423,000
net change in unamortized loan origination costs and premium
gain on sales of securities																																		0	-12,570,000	-78,000	12,000	-35,000
net increase in loans held for sale																																									13,020,000								-3,625,000	-3,508,000
amortization of tax credits
proceeds from maturities, calls and prepayments of securities available for sale																																		44,027,000	44,794,000	44,683,000	43,051,000	40,832,000	54,009,000	40,552,000	37,481,000							19,762,000	12,805,000	9,505,000
proceeds from maturities, calls and prepayments of securities held to maturity																																		2,285,000	3,791,000	1,658,000	849,000	3,439,000	1,146,000	729,000	882,000							3,866,000
net cash from branch sale
proceeds from premises and equipment
issuance of common stock, net of 7.1 million offering costs
cash dividends paid																																																			-1,839,000	-1,504,000	-1,574,000	-1,051,000	-1,327,000	-1,236,000	-1,220,000	-1,211,000	-1,203,000	-1,203,000
net decrease (increase) in loans held for sale																																		-56,741,000	30,932,000											-1,282,000	2,272,000
proceeds from the sale of premises and equipment																																				0	58,000	168,000
net (increase) in loans held for sale																																				1,979,000	-6,531,000	-2,728,000
proceeds from payments on trading security																																						148,000
loss on termination of hedges
unamortized net loan costs and premiums
net cash from divestiture
proceeds of premises and equipment
issuance of long term debt
net proceeds from reissuance of treasury stock																																										0	0	214,000	193,000			346,000
acquisition’s stock owned by the company
gain on sales of securities and other
net cash used by investing activities																																											-21,663,000	-14,967,000	-57,869,000			-41,733,000
repurchase of treasury stock
premises depreciation and amortization expense																																													984,000	936,000	912,000	917,000	964,000	965,000
(accretion)/amortization of purchase accounting entries
loss on sale of other real estate
excess tax income from stock based payment arrangements
rome stock owned by the company																																										5,616,000
loss on sales of securities																																																		2,000
net decrease in loans held for sale																																										-475,000	142,000	901,000
trading security:
proceeds from maturities, calls and prepayments																																										-1,476,000	14,000	116,000	109,000	108,000	110,000
securities available for sale:
sales																																										8,996,000			0	0	3,159,000
purchases																																										-84,273,000	-23,588,000	-44,772,000	-57,897,000	-7,386,000	-17,370,000
securities held to maturity:
loan originations																																										12,501,000	-50,347,000	-5,044,000
income taxes(refunded) paid																																													502,000
other net comprehensive loss																																										-846,000
stock-based compensation amortization expense
amortization of intangible assets																																											935,000	716,000
gain on sale of securities
trading account security:
acquisition of rome bancorp, inc., net of cash paid
additions to life insurance
purchases of premises and equipment
excess tax benefit from stock based payment arrangements
transfers into other real estate owned
proceeds from surrender of life insurance																																														0	2,217,000				0	0	1,103,000
capital expenditures		0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0								0	0	0	0	0	0	0	0	0	0	0	0	0	0	-1,647,000	-927,000	-1,455,000	-965,000	-785,000	-457,000	-545,000	-814,000	-557,000	-719,000	0	-443,000	-1,772,000	-2,234,000			0
free cash flows		167,436,000	-4,773,000	38,522,000	23,259,000	36,703,000	46,888,000	34,754,000	6,861,000	52,450,000	43,654,000	23,738,000	37,314,000	35,006,000	73,940,000	-2,409,000	16,696,000	22,929,000	18,813,000	40,161,000	23,574,000	32,871,000								40,563,000	115,737,000	-19,679,000	85,633,000	-27,517,000	55,216,000	29,817,000	20,369,000	9,310,000	-2,107,000	3,804,000	22,286,000	15,433,000	7,795,000	7,269,000	2,561,000	5,118,000	13,473,000	9,382,000	2,185,000	905,000	11,449,000	1,512,000	7,743,000	-7,338,000	12,487,000	-713,000	2,935,000			6,538,000
loan (originations) and principal repayments																																													-36,375,000
net proceeds from common stock issuance																																																0
net impact of preferred stock and warrant including repurchase and dividends																																																0
amount due to broker
settlement of outstanding due to broker on purchases
loan originations and principal repayments																																															-25,479,000
preferred stock cash dividends paid																																																		-189,000
net loan amortization and deferrals																																																-1,083,000
increase in cash surrender value of bank-owned life insurance policies																																																-302,000	-303,000	-296,000	-331,000	-491,000	-303,000		-291,000	-257,000	-241,000
gain on sale of loans																																																-156,000
(gain) income from sale of premises																																																0
gain from sale of other real estate owned																																																0
writedowns of other real estate owned																																																0	0	127,000	0	36,000	100,000
sales of securities available for sale																																																3,565,000	0	7,914,000	1,483,000	5,245,000	2,439,000		57,095,000	0	2,046,000	3,428,000	16,216,000	1,027,000
purchase of trading security																																																			0
decrease (increase) in loans																																																-16,940,000					8,020,000
payment for acquisition																																																			0
treasury stock purchased																																																			848,000	-3,436,000	-2,295,000	476,000	-169,000	-7,000	-378,000	-77,000	-139,000	-2,140,000
excess tax effects from stock-based payment arrangements																																																			0	0	69,000
(gain) loss on sales of securities
proceeds from federal home loan bank advances																																																	30,000,000	30,000,000			95,000,000				74,325,000	80,000,000	157,014,000	20,000,000
net purchased loan amortization and deferrals																																																		-936,000
loss on sale of loans																																																		20,000
income from sale of premises																																																			-1,000	22,000	14,000
settlement of outstanding due to broker on purchases of securities available for sale																																																		-19,895,000
proceeds from maturities, calls and prepayments for securities held to maturity																																																		2,775,000
decrease in loans																																																		35,269,000
proceeds from sale of premises																																																					60,000
proceeds from reissuance of treasury stock																																																		1,394,000	1,815,000	137,000	975,000	3,595,000	-1,475,000	2,020,000	1,078,000	1,106,000	1,196,000	2,067,000
depreciation, amortization, and deferrals																																																			1,976,000	1,803,000	2,093,000		1,921,000	1,472,000	1,361,000	390,000	-248,000	497,000
stock-based compensation																																																			384,000	415,000	409,000		377,000	461,000	346,000
net income on sales of securities
net change in loans held for sale																																																			4,464,000	-6,952,000	532,000					0	1,267,000	826,000
loss on prepayment of borrowings
net income on sales of loans
net change in all other assets																																																			456,000	-5,949,000	2,754,000			-2,129,000	-1,602,000	-2,580,000	-1,458,000	-501,000
net change in other liabilities																																																			-1,207,000	6,341,000	-4,080,000	2,683,000	1,840,000	-2,553,000	-302,000	-1,267,000	469,000	1,061,000
acquisition of factory point bancorp, inc.
proceeds from maturities, calls and prepayments - securities available for sale																																																			7,090,000
proceeds from maturities, calls and prepayments - securities held to maturity																																																			5,158,000
increase in loans																																																			-15,422,000			-270,924,000	22,470,000	362,000	-31,366,000	-78,520,000	-103,546,000	-32,257,000
total net cash (used) provided by investing activities																																																										-60,881,000	-92,380,000	-27,293,000
proceeds from federal home loan bank ("fhlb") advances																																																			15,000,000				13,968,000
proceeds from bank note
repayment of bank note																																																							-10,000,000	0	-5,000,000
adjustments to reconcile net income to net cash from operating activities
net income (gains) on sales of securities
total net cash used by investing activities																																																								1,548,000	-28,374,000
net gains on sales of securities and loans																																																								0	-81,000		-529,000	-497,000
payments on securities available for sale																																																					6,209,000				11,383,000	12,461,000	15,470,000	13,491,000
payments on securities held to maturity																																																					3,468,000				2,977,000	5,186,000	2,338,000	5,362,000
payment for acquired business																																																					-1,030,000
total net cash provided (used) by investing activities																																																					5,595,000
excess tax effects from stock-based payment arrangments																																																					-69,000
assets
total cash and cash equivalents
securities available for sale, at fair value
securities held to maturity
residential mortgages
commercial mortgages
commercial business loans
consumer loans
total loans
less: allowance for loan losses
net loans
premises and equipment
goodwill
other intangible assets
cash surrender value of life insurance policies
total assets
liabilities and stockholders’ equity
liabilities
demand deposits
now deposits
money market deposits
savings deposits
total non-maturity deposits
brokered time deposits
other time deposits
total time deposits
total deposits
borrowings
junior subordinated debentures
other liabilities
total liabilities
commitments and contingencies
stockholders’ equity
preferred stock
common stock
additional paid-in capital
unearned compensation
retained earnings
accumulated other comprehensive income
treasury stock, at cost
total stockholders' equity
total liabilities and stockholders' equity
interest and dividend income
loans
securities
cash and cash equivalents
total interest and dividend income
interest expense
deposits
borrowings and junior subordinated debentures
total interest expense
net interest income
non-interest income
deposit service fees
wealth management fees
insurance commissions and fees
loan service fees
other
total non-interest income
total net revenue
non-interest expense
salaries and employee benefits
termination of employee stock ownership plan
occupancy and equipment
marketing, data processing, and professional services
non-recurring expense
total non-interest expense
income from continuing operations before income taxes
income tax expense
income from continuing operations
income from discontinued operations before income taxes
basic earnings per share
continuing operations
discontinued operations
total
diluted earnings per share
weighted-average shares outstanding
basic
diluted
balance at december 31, 2003
comprehensive income:
total comprehensive income
reversals from discontinued operations
cash dividends declared
reissuance of treasury stock - other
change in unearned compensation
balance at december 31, 2004
acquisition of woronoco bancorp
termination of employee stock
ownership plan
treasury stock purchased/transferred
tax benefit from stock compensation
balance at december 31, 2005
balance at december 31, 2006
continuing operations:
adjustments to reconcile net income to net cash
provided by continuing operating activities:
net amortizaton of securities
stock-based compensation and esop expense
excess tax benefits from stock-based payment arrangements																																																						-645,000	0
increase in cash surrender value of bank-owned life insurance																																																										-227,000
deferred income tax benefit																																																									-4,000	-1,550,000	-593,000	490,000
net change in other assets																																																						-5,383,000
net cash from continuing operating activities																																																						5,256,000	12,930,000			4,248,000
discontinued operations:
pre-tax income
net adjustments to reconcile net income to net cash
provided (used) by operating activities
net cash provided (used) by discontinued operations
total net cash from operating activities:
proceeds from maturities, calls, and prepayments
purchase of bank owned life insurance
proceeds from sales of loans
additions to premises and equipment
proceeds from sales of foreclosed real estate
net cash paid for business acquisitions
net cash (used) provided by continuing investing activities
net proceeds from sale of assets
net cash from discontinued investing activities
total net cash (used) provided by investing operations:
repayments of federal home loan bank advances																																																								-3,555,000	-62,692,000	-51,485,000	-80,578,000	-81,188,000
proceeds from junior subordinated debentures
proceeds from note payable
decrease in loans sold with recourse
payments to acquire treasury stock
securitization of and transfer of loans to securities
non-cash transfer treasury shares to pay off esop loan
fair value of non-cash assets acquired
fair value of common stock issued
net income applicable to common stock
average number of common shares issued
less: average number of treasury stock shares
less: average number of unallocated esop shares
less: average number of unvested stock award shares
average number of basic shares outstanding
plus: average number of unvested stock award shares
plus: net dilutive effect of stock compensation
average number of diluted shares outstanding
earnings per average basic share
earnings per average diluted share
cash and due from banks
short-term investments
december 31, 2006
securities available for sale
debt securities:
municipal bonds and obligations
mortgaged-backed securities
other bonds and obligations
total debt securities
equity securities:
federal home loan bank stock
other equity securities
total equity securities
total securities available for sale
total securities held to maturity
total securities
december 31, 2005
u.s. government agencies
within 1 year
over 1 year to 5 years
over 5 years to 10 years
over 10 years
total bonds and obligations
mortgage-backed securities
proceeds from sales
gross realized gains
gross realized losses
other securities available for sale
total available for sale
residential mortgages:
1-4 family
construction
total residential mortgages
commercial mortgages:
single and multifamily
other commercial mortgages
total commercial mortgages
consumer loans:
auto
home equity and other
total consumer loans
unamortized net loan origination costs
unamortized net premiums on purchased loans
total unamortized net costs and premiums
balance at beginning of year
transfer of commitment reserve
allowance attributed to acquired loans
loans charged-off
recoveries
balance at end of year
investment in impaired loans
impaired loans with no valuation allowance
impaired loans with a valuation allowance
specific valuation allowance allocated to impaired loans
average investment in impaired loans during year
cash basis impaired loan income during year
non-accrual loans
total loans past due ninety days or more and still accruing
additions
amortization
land
buildings and improvements
furniture and equipment
construction in process
premises and equipment, gross
accumulated depreciation and amortization
non-maturity deposits
insurance contracts
non-compete agreements
all other intangible assets
loans held for sale
net deferred tax asset
capitalized mortgage servicing rights
accrued interest receivable
other equity investments
total other assets
maturity date:
over 1 year to 3 years
over 3 years
account balance:
less than 100,000
100,000 or more
current :
federal
state
total current
deferred :
total deferred (benefit) expense
change in valuation allowance
total income tax expense
statutory tax rate
increase resulting from:
state taxes, net of federal tax benefit
dividends received deduction
tax exempt income - investments
bank-owned life insurance
employee stock ownership plan termination
investment tax credits
effective tax rate
allowance for loan losses
employee benefit plans
net unrealized (gain) loss on securities available for sale
goodwill amortization
investments
purchase accounting adjustments
valuation allowance
deferred tax asset
commitments to grant loans
unused funds on commercial lines of credit
unadvanced funds on home equity, reddi-cash and
other consumer lines of credit
unadvanced funds on construction loans
standby letters of credit
commercial letters of credit
total capital to risk weighted assets
tier 1 capital to risk weighted assets
tier 1 capital to average assets
total stockholders' equity per consolidated financial statements
adjustments for bank tier 1 capital:
holding company equity adjustment
net unrealized (gains) losses on available for sale securities
disallowed goodwill and intangible assets
total bank tier 1 capital
adjustments for total capital:
allowed unrealized gains on equity securities
includible allowance for loan losses
total bank capital per regulatory reporting
change in net unrealized holding gains/losses on
available for sale securities
reclassification adjustment for net income (gains) realized in income
net change in unrealized gains/losses
tax effects
net-of-tax change in available for sale securities
net gain on other instruments
total other comprehensive income
net unrealized holding gains on available for sale securites
expected dividends
expected term
expected volatility
risk-free interest rate
weighted-average grant date fair value
balance, december 31, 2005
granted
stock options exercised
stock awards vested
forfeited
balance, december 31, 2006
exercisable options, december 31, 2006
net income as reported
add: stock-based employee compensation expense included
in reported net income, net of related tax effects
less: total stock-based employee compensation expense
determined under fair value method for all awards, net of
related tax effects
pro forma net income
income per share:
basic - as reported
basic - pro forma
diluted - as reported
diluted - pro forma
financial assets:
financial liabilities:
time deposits
cash due from berkshire bank
investment in subsidiaries
liabilities and stockholders' equity
accrued expenses payable
notes payable
stockholders' equity
income:
dividends from subsidiaries
total income
operating expenses
total expense
income before income taxes and equity in
undistributed income of subsidiaries
income tax benefit
income before equity in undistributed
income of subsidiaries
equity in undistributed income of subsidiaries
adjustments to reconcile net income
to net cash from operating activities:
investment in insurance subsidiary
investment in bank subsidiary
liquidation of berkshire hills funding corporation
cash paid for woronoco acquisition
sale of investment in berkshire hills technology, inc.
purchase of investment securities
depreciation and amortization
licensing and other fee revenues
minority interest
net income before taxes
total revenue
before income taxes
income taxes-continuing operations
name
michael p. daly
john j. howard
michael j. oleksak
john s. millet
plan category
equity compensation plans
approved by security holders
not approved by security holders
·
[2]
[3]
3.1
3.2
4.1
4.2
10.1
10.2
10.3
10.4
10.5
10.6
10.7
10.8
10.9
10.10
10.11
10.12
11.0
21.0
23.0
31.1
31.2
32.1
32.2
/s/ michael p. daly
/s/ john s. millet
/s/ lawrence a. bossidy
lawrence a. bossidy
wallace w. altes
/s/ john b. davies
john b. davies
/s/ rodney c. dimock
rodney c. dimock
/s/ david b. farrell
david b. farrell
/s/ cornelius d. mahoney
cornelius d. mahoney
/s/ edward g. mccormick, esq.
edward g. mccormick, esq.
/s/ catherine b. miller
catherine b. miller
/s/ david e. phelps
david e. phelps
/s/ d. jeffrey templeton
d. jeffrey templeton
/s/ corydon l. thurston
corydon l. thurston
net incomees on sales of securities
net incomees on sales of loans
net cash from discontinued operating activities																																																										217,000
proceeds from maturities, calls, and prepayments - securities available for sale																																																							9,245,000
proceeds from maturities, calls, and prepayments - securities held to maturity																																																							2,408,000
proceeds from sale of fixed assets																																																										0
repayments of fhlb advances
adjustments to reconcile net income to net cash provided by
continuing operating activities :
share-based compensation and esop expense																																																										337,000	335,000	421,000
excess tax benefits from share-based payment arrangements																																																										0	0	-574,000
net incomees (gains) on sales of securities and loans
total net cash from operating activities																																																										4,465,000
proceeds from sale of loans
acquisition of woronoco bancorp, inc. net of cash acquired
non-cash transfer of shares to treasury to pay-off esop loan
fair value of liabilities acquired
fair value of common stock acquired
increase in cash surrender value of bank owned life insurance																																																												-293,000
net capital expenditures																																																												700,000
income taxes (refunded) paid																																																												-77,000
depreciation and amortization expense
management awards plan expense
employee stock ownership plan expense
gain on sales and dispositions of securities
(gain) loss on sale of loans
deferred income tax provision
decrease (increase) in interest receivable
income from discontinued operations
adjustments to reconcile loss to net cash
provided by operating activities:
net cash (used) provided by discontinued operations
the accompanying notes are an integral part of these consolidated financial statements.
net cash provided (used) by continuing investing activities
proceeds from sale of interest in discontinued operations
proceeds from sale of equipment
net cash provided (used) by discontinued investing activities
total net cash provided (used) by investing operations:
net decrease in short term borrowings
non-cash transfer of treasury shares to pay off esop loan

Berkshire Hills Bancorp, Inc(NYSE:BHLB)

Berkshire Hills Bancorp, Inc
(NYSE:BHLB)