UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

FORM 8-K

CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): July 24, 2008

United Community Banks, Inc.
(Exact name of registrant as specified in its charter)

Georgia		No. 0-21656		No. 58-180-7304
(State or other Jurisdiction of Incorporation)		(Commission File Number)		(IRS Employer Identification No.)

63 Highway 515, P.O. Box 398 Blairsville, Georgia		30512
(Address of Principal Executive Offices)		(Zip Code)

Registrant’s telephone number, including area code: (706) 781-2265

Not applicable

(Former name or former address if changed since last report.)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Item 2.02		Results of Operation and Financial Condition
		On July 24, 2008, United Community Banks, Inc. (the “Registrant”) issued a news release announcing its financial results for the quarter ended June 30, 2008 (the “News Release”). The News Release, including financial schedules, is attached as Exhibit 99.1 to this report. In connection with issuing the News Release, on July 24, 2008 at 11:00 a.m. EST, the Registrant intends to hold a conference call/webcast to discuss the News Release. The presentation of the Registrant’s financial results included operating performance measures, which are measures of performance determined by methods other than in accordance with generally accepted accounting principles, or GAAP. Management included non-GAAP operating performance measures because it believes it is useful for evaluating the Registrant’s operations and performance over periods of time, and uses operating performance measures in managing and evaluating the Registrant’s business and intends to use it in discussions about the Registrant’s operations and performance. Operating performance measures exclude the effects of a special $15 million fraud related provision for loan losses recorded in the second quarter of 2007, an additional $3 million provision for loan losses recorded in the fourth quarter of 2007, and $18 million in fraud related charge offs recorded in the fourth quarter of 2007 because management feels that the events leading to the taking of the special provisions and charge offs were isolated, non-recurring events and do not reflect overall trends in the Registrant’s earnings. Management believes these non-GAAP performance measures may provide users of the Registrant’s financial information with a meaningful measure for assessing the Registrant’s financial results and comparing those financial results to prior periods. Operating performance measures should be viewed in addition to, and not as an alternative or substitute for, the Registrant’s performance measures determined in accordance with GAAP, and is not necessarily comparable to non-GAAP performance measures that may be presented by other companies.
Item 9.01		Financial Statements and Exhibits
		(a) Financial statements: None (b) Pro forma financial information: None (c) Exhibits:
		99.1 Press Release, dated July 24, 2008

		/s/ Rex S. Schuette
July 24, 2008		Rex S. Schuette Executive Vice President and Chief Financial Officer

EXHIBIT INDEX

Exhibit No.		Description
99.1		Press Release, dated July 24, 2008

Exhibit 99.1

For Immediate Release

For more information:
Rex S. Schuette
Chief Financial Officer
(706) 781-2266
Rex_Schuette@ucbi.com

UNITED COMMUNITY BANKS, INC. REPORTS
DILUTED EARNINGS PER SHARE OF 15 CENTS FOR
SECOND QUARTER 2008

BLAIRSVILLE, GA — July 24, 2008 — United Community Banks, Inc. (NASDAQ: UCBI) today announced diluted operating earnings per share of 15 cents for the second quarter of 2008, compared to 46 cents per share for the second quarter of 2007. Total operating revenue on a taxable equivalent basis was $61.4 million for the quarter, compared to $80.8 million for the second quarter of 2007. Net operating income was $7.1 million, compared to $21.1 million in the second quarter of 2007. Operating return on tangible equity was 5.86 percent and return on assets was .34 percent for the second quarter of 2008, compared to 17.52 percent and 1.12 percent a year ago, respectively. Second quarter 2007 financial results included a $15 million special provision for fraud-related loan losses resulting from a failed real estate development near Spruce Pine, North Carolina. Because this was a fraud-related matter and an isolated and non-recurring event, the company has shown the special provision separate from the regular provision for loan losses and has highlighted operating earnings measures, which excluded this provision, to provide a better understanding of our underlying earnings and credit trends.

“While our operating environment continued to be very challenging in the second quarter, our solid earnings base, supported by experienced management and locations in growing markets, continues to sustain our company and keep it positioned to manage through this cycle. Despite this, we were able to cover our credit losses and strengthen our capital ratios,” stated Jimmy Tallent, president and chief executive officer. “We continued to actively manage our loan portfolio, quickly identifying problem loans and aggressively taking action to move these loans and assets off our books.”

Loans were down $66 million to $5.93 billion from the second quarter of 2007, and down $35 million on a linked quarter basis as the company continued to reduce its exposure to the residential construction and housing markets. At June 30, 2008, residential construction loans were $1.75 billion, or 29 percent of total loans, a decrease of $268 million from a year ago and $46 million from last quarter.

“Total loans declined from last quarter and a year ago, primarily due to a decrease in residential construction loans and we expect that trend to continue,” Tallent said. “However, we did see solid growth in both commercial and residential mortgage loans of 6 percent and we expect to see slow loan growth for several more quarters. At the same time, we are very pleased with our continued progress in reducing exposure to residential construction and creating a more balanced risk portfolio.”

Total customer deposits increased $148 million, or 2 percent, over second quarter 2007 and increased $417 million, or 29 percent on an annualized basis, over the prior quarter. “We ran a very successful program this quarter to increase liquidity through the promotion of customer time deposits that added $407 million to our liquidity during the second quarter,” stated Tallent. “The time deposit promotion did not erode core deposits, which grew by a modest amount.”

Taxable equivalent net interest revenue of $61.8 million reflected a decrease of $6.2 million from the second quarter of 2007. Taxable equivalent net interest margin was 3.32 percent, compared with 3.55 percent for the first quarter of 2008 and 3.94 percent for the second quarter of 2007. “We continued to see margin compression in the second quarter,” Tallent said. “Continued competitive deposit pricing, coupled with the full quarter impact of declining rates and a higher level of non-performing assets were key contributors.”

The second quarter provision for loan losses was $15.5 million. Net charge-offs for the second quarter were $14.3 million compared with $7.1 million for the first quarter of 2008 and $2.1 million for the second quarter of 2007. Annualized net charge-offs to average loans was 97 basis points for the second quarter of 2008 compared to 48 basis points for the first quarter of 2008 and 15 basis points for the second quarter of 2007.

“Net charge-offs increased this quarter as we moved problem credits off our books,” said Tallent. “With the higher level of non-performing loans we expect foreclosure activity will rise for the next two quarters as we move non-performing loans through the collection process. We expect charge-offs to increase as a result.”

At quarter-end, non-performing assets totaled $152.2 million, compared with $89.9 million at March 31, 2008 and $43.6 million at June 30, 2007. The ratio of non-performing assets to total assets at the end of each quarter was 1.84, 1.07 and .54 percent, respectively.

“The significant rise in non-performing assets this quarter is coming from the loan migration process,” stated Tallent. “While non-performing assets were up sharply, most loans were already classified in the prior quarter and moved to non-performing status this quarter. Total classified loans were flat compared to the first quarter. We now are seeing the migration of these problem assets through the collection process.

“A positive development in credit quality this quarter was a decrease in loans past due more than 30 days to 1.10 percent of loans from 1.39 percent in the first quarter,” added Tallent. “Although this was good to see, we know that the uncertainties in the economy will continue and we expect to see further increases in non-performing assets and credit costs this year.”

Fee revenue of $15.1 million was down $1.4 million from the second quarter of 2007 and increased $900,000 from last quarter. Service charges and fees on deposit accounts of $8.0 million were up slightly from last quarter and flat with the second quarter of 2007. Mortgage fees were up $239,000 from last quarter, mostly seasonal, but down $274,000 from last year due to the slowdown in the housing market. Brokerage fees were down $378,000 from last year due to market conditions. Other fee revenue of $1.5 million was down $925,000 from last year primarily due to gains realized last year from the sale of foreclosed properties and a lower level of earnings on bank-owned life insurance and deferred compensation plan assets.

Operating expenses of $49.8 million reflected an increase of $2.1 million, or 4 percent, from the second quarter of 2007. Salaries and employee benefit costs of $28.8 million declined $1.3 million, or 4 percent, from last year due to lower incentive accruals. Other expenses of $7.6 million were $3.5 million higher than a year ago due to additional write-downs and related costs on foreclosed properties of $2.5 million and an increase in FDIC insurance premiums of $900,000. “We have continued to manage our salary costs, and have held staff levels flat year over year,” Tallent stated. “Most of the operating expense categories were flat or down compared to last year as we focused on reducing discretionary spending.”

“All of our regulatory capital ratios continue to be very strong,” Tallent continued. “At June 30, 2008 our estimated Tier I Risk-Based Capital ratio was 9.17 percent, Leverage was 7.03 percent and Total Risk-Based was 11.40 percent. Also, our tangible equity-to-asset ratio was 6.77 percent. We have modeled our capital requirements under a number of loss scenarios and believe we have a strong capital position as well as a solid base of core earnings and allowance to work through this credit cycle without issuing common stock.”

“This quarter has been challenging, and we’ve seen increases in non-performing assets and related credit costs,” commented Tallent. “We have made progress getting our arms around these issues and remain intently focused on credit quality, capital and liquidity levels. While we were certainly challenged this quarter, our solid earnings base continues to sustain the company and keep it positioned to grow our business when things improve.”

Conference Call
United Community Banks will hold a conference call on Thursday, July 24, 2008, at 11 a.m. ET to discuss the contents of this news release, as well as share business highlights for the quarter. The telephone number for the conference call is (877) 419-6598 and the pass code is “UCBI.” The conference call will also be available by web cast within the Investor Relations section of the company’s web site at www.ucbi.com.

About United Community Banks, Inc.
Headquartered in Blairsville, United Community Banks is the third-largest bank holding company in Georgia. United Community Banks has assets of $8.3 billion and operates 27 community banks with 108 banking offices located throughout north Georgia, the Atlanta region, coastal Georgia, western North Carolina and east Tennessee. The company specializes in providing personalized community banking services to individuals and small to mid-size businesses. United Community Banks also offers the convenience of 24-hour access through a network of ATMs, telephone and on-line banking. United Community Banks common stock is listed on the Nasdaq Global Select Market under the symbol UCBI. Additional information may be found at the company’s web site at www.ucbi.com.

Safe Harbor
This news release contains forward-looking statements, as defined by Federal Securities Laws, including statements about financial outlook and business environment. These statements are provided to assist in the understanding of future financial performance and such performance involves risks and uncertainties that may cause actual results to differ materially from those in such statements. Any such statements are based on current expectations and involve a number of risks and uncertainties. For a discussion of some factors that may cause such forward-looking statements to differ materially from actual results, please refer to the section entitled “Forward-Looking Statements” on page 4 of United Community Banks, Inc.’s annual report filed on Form 10-K with the Securities and Exchange Commission.

# # #

(Tables Follow)

UNITED COMMUNITY BANKS, INC.
Financial Highlights
Selected Financial Information

																						Second
		2008								2007												Quarter				For the Six								YTD
(in thousands, except per share		Second				First				Fourth				Third				Second				2008-2007				Months Ended								2008-2007
data; taxable equivalent)		Quarter				Quarter				Quarter				Quarter				Quarter				Change				2008				2007				Change
INCOME SUMMARY
Interest revenue		$	116,984			$	129,041			$	140,768			$	144,884			$	136,237							$	246,025			$	265,265
Interest expense			55,231				62,754				71,038				73,203				68,270								117,985				132,193
Net interest revenue			61,753				66,287				69,730				71,681				67,967				(9	)%			128,040				133,072				(4	)%
Provision for loan losses (1)			15,500				7,500				26,500				3,700				3,700								23,000				7,400
Fee revenue			15,105				14,197				16,100				15,615				16,554				(9	)			29,302				30,936				(5	)
Total operating revenue			61,358				72,984				59,330				83,596				80,821				(24	)			134,342				156,608				(14	)
Operating expenses			49,761				47,529				49,336				48,182				47,702				4				97,290				92,543				5
Income before taxes			11,597				25,455				9,994				35,414				33,119				(65	)			37,052				64,065				(42	)
Income taxes			4,504				9,377				3,960				12,878				12,043								13,881				23,644
Net operating income			7,093				16,078				6,034				22,536				21,076				(66	)			23,171				40,421				(43	)
Fraud loss provision, net of tax (1)			—				—				1,833				—				9,165								—				9,165
Net income		$	7,093			$	16,078			$	4,201			$	22,536			$	11,911				(40	)		$	23,171			$	31,256				(26	)
OPERATING PERFORMANCE (1)
Earnings per common share:
Basic		$	.15			$	.34			$	.13			$	.47			$	.47				(68	)		$	.49			$	.92				(47	)
Diluted			.15				.34				.13				.46				.46				(67	)			.49				.90				(46	)
Return on equity (2)			3.41	%			7.85	%			2.89	%			10.66	%			12.47	%							5.61	%			9.64	%
Return on tangible equity (2)(3)(4)			5.86				13.16				5.06				17.54				17.52								9.46				17.36
Return on assets (4)			.34				.78				.29				1.11				1.12								.56				1.12
Dividend payout ratio			60.00				26.47				69.23				19.15				19.15								36.73				19.57
GAAP PERFORMANCE MEASURES
Per common share:
Basic earnings		$	.15			$	.34			$	.09			$	.47			$	.26				(42	)		$	.49			$	.71				(31	)
Diluted earnings			.15				.34				.09				.46				.26				(42	)			.49				.70				(30	)
Cash dividends declared			.09				.09				.09				.09				.09				—				.18				.18				—
Book value			17.75				18.50				17.70				17.51				16.96				5				17.75				16.96				5
Tangible book value (3)			11.03				11.76				10.92				10.81				10.43				6				11.03				10.43				6
Key performance ratios:
Return on equity (2)(4)			3.41	%			7.85	%			2.01	%			10.66	%			7.05	%							5.61	%			9.64	%
Return on assets			.34				.78				.20				1.11				.64								.56				.86
Net interest margin (4)			3.32				3.55				3.73				3.89				3.94								3.43				3.96
Efficiency Ratio			65.05				59.05				57.67				55.34				56.59								61.97				56.57
Dividend payout ratio			60.00				26.47				100.00				19.15				34.62								36.73				25.35
Equity to assets			10.33				10.30				10.20				10.32				8.94								10.31				8.87
Tangible equity to assets (3)			6.77				6.73				6.58				6.65				6.65								6.75				6.65
ASSET QUALITY
Allowance for loan losses		$	91,035			$	89,848			$	89,423			$	90,935			$	92,471							$	91,035			$	92,471
Net charge-offs (1)			14,313				7,075				13,012				5,236				2,124								21,388				3,586
Non-performing loans			123,786				67,728				28,219				46,783				30,849								123,786				30,849
OREO			28,378				22,136				18,039				16,554				12,752								28,378				12,752
Total non-performing assets			152,164				89,864				46,258				63,337				43,601								152,164				43,601
Allowance for loan losses to loans (1)			1.53	%			1.51	%			1.51	%			1.28	%			1.29	%							1.53	%			1.29	%
Net charge-offs to average loans (1)(4)			.97				.48				.87				.35				.15								.72				.13
Non-performing assets to loans and OREO			2.55				1.50				.78				1.06				.73								2.55				.73
Non-performing assets to total assets			1.84				1.07				.56				.77				.54								1.84				.54
AVERAGE BALANCES
Loans		$	5,933,143			$	5,958,296			$	5,940,230			$	5,966,933			$	5,619,950				6			$	5,945,720			$	5,512,005				8
Investment securities			1,507,240				1,485,515				1,404,796				1,308,192				1,242,448				21				1,496,377				1,198,075				25
Earning assets			7,478,018				7,491,480				7,424,992				7,332,492				6,915,134				8				7,484,749				6,757,959				11
Total assets			8,295,748				8,305,621				8,210,120				8,083,739				7,519,392				10				8,300,686				7,307,231				14
Deposits			6,461,361				6,051,069				6,151,476				6,246,319				5,945,633				9				6,256,217				5,855,530				7
Shareholders’ equity			856,727				855,659				837,195				834,094				672,348				27				856,193				648,358				32
Common shares — basic			47,060				46,966				47,203				48,348				44,949								47,013				43,980
Common shares — diluted			47,249				47,272				47,652				48,977				45,761								47,260				44,842
AT PERIOD END
Loans		$	5,933,141			$	5,967,839			$	5,929,263			$	5,952,749			$	5,999,093				(1	)		$	5,933,141			$	5,999,093				(1	)
Investment securities			1,430,588				1,508,402				1,356,846				1,296,826				1,213,659				18				1,430,588				1,213,659				18
Total assets			8,264,051				8,386,255				8,207,302				8,180,600				8,087,667				2				8,264,051				8,087,667				2
Deposits			6,696,456				6,175,769				6,075,951				6,154,308				6,361,269				5				6,696,456				6,361,269				5
Shareholders’ equity			837,890				871,452				831,902				833,761				828,731				1				837,890				828,731				1
Common shares outstanding			47,096				47,004				46,903				47,542				48,781								47,096				48,781

UNITED COMMUNITY BANKS, INC.
Financial Highlights
Loan Portfolio Composition at Period-End

		2008								2007												Linked				Year over
		Second				First				Fourth				Third				Second				Quarter				Year
(in millions)		Quarter				Quarter				Quarter				Quarter				Quarter				Change(1)				Change
LOANS BY CATEGORY
Commercial (sec. by RE)		$	1,584			$	1,526			$	1,476			$	1,441			$	1,461				15	%			8	%
Commercial construction			522				548				527				527				509				(19	)			3
Commercial & industrial			417				437				418				408				421				(18	)			(1	)
Total commercial			2,523				2,511				2,421				2,376				2,391				2				6
Residential construction			1,745				1,791				1,830				1,939				2,013				(10	)			(13	)
Residential mortgage			1,494				1,491				1,502				1,459				1,413				1				6
Consumer / installment			171				175				176				179				182				(9	)			(6	)
Total loans		$	5,933			$	5,968			$	5,929			$	5,953			$	5,999				(2	)			(1	)
LOANS BY MARKET
Atlanta MSA		$	1,934			$	1,978			$	2,002			$	2,057			$	2,134				(9	)%			(9	)%
Gainesville MSA			422				415				400				394				384				7				10
North Georgia			2,065				2,071				2,060				2,026				2,032				(1	)			2
Western North Carolina			819				816				806				834				816				1				—
Coastal Georgia			436				439				416				402				396				(3	)			10
East Tennessee			257				249				245				240				237				13				8
Total loans		$	5,933			$	5,968			$	5,929			$	5,953			$	5,999				(2	)			(1	)
RESIDENTIAL CONSTRUCTION
Dirt loans
Acquisition & development		$	569			$	583			$	593			$	596			$	602				(10	)%			(5	)%
Land loans			139				130				126				125				113				28				23
Lot loans			401				406				407				403				393				(5	)			2
Total			1,109				1,119				1,126				1,124				1,108				(4	)			—
House loans
Spec			450				460				473				539				596				(9	)%			(24	)%
Sold			186				212				231				276				309				(49	)			(40	)
Total			636				672				704				815				905				(21	)			(30	)
Total residential construction		$	1,745			$	1,791			$	1,830			$	1,939			$	2,013				(10	)			(13	)
RESIDENTIAL CONSTRUCTION — ATLANTA MSA
Dirt loans
Acquisition & development		$	232			$	252			$	258			$	268			$	278				(32	)%			(17	)%
Land loans			50				50				52				50				49				—				2
Lot loans			117				117				117				123				136				—				(14	)
Total			399				419				427				441				463				(19	)			(14	)
House loans
Spec			271				271				280				322				371				—	%			(27	)%
Sold			58				71				77				104				132				(73	)			(56	)
Total			329				342				357				426				503				(15	)			(35	)
Total residential construction		$	728			$	761			$	784			$	867			$	966				(17	)			(25	)

UNITED COMMUNITY BANKS, INC.
Financial Highlights
Credit Quality

		Second Quarter 2008												First Quarter 2008												Fourth Quarter 2007
		Nonaccrual								Total				Nonaccrual								Total				Nonaccrual								Total
(in thousands)		Loans				OREO				NPAs				Loans				OREO				NPAs				Loans				OREO				NPAs
NPAs BY CATEGORY
Commercial (sec. by RE)		$	4,610			$	593			$	5,203			$	4,070			$	653			$	4,723			$	—			$	68			$	68
Commercial construction			3,027				1,859				4,886				1,514				961				2,475				—				507				507
Commercial & industrial			2,950				—				2,950				1,936				—				1,936				3,366				—				3,366
Total commercial			10,587				2,452				13,039				7,520				1,614				9,134				3,366				575				3,941
Residential construction			90,283				22,075				112,358				42,249				16,486				58,735				11,544				14,987				26,531
Residential mortgage			21,792				3,851				25,643				16,965				4,036				21,001				12,479				2,477				14,956
Consumer / installment			1,124				—				1,124				994				—				994				830				—				830
Total NPAs		$	123,786			$	28,378			$	152,164			$	67,728			$	22,136			$	89,864			$	28,219			$	18,039			$	46,258
NPAs BY MARKET
Atlanta MSA		$	89,327			$	15,196			$	104,523			$	37,442			$	16,121			$	53,563			$	11,548			$	13,019			$	24,567
Gainesville MSA			4,885				12				4,897				4,584				909				5,493				1,544				—				1,544
North Georgia			16,117				8,277				24,394				11,969				3,385				15,354				5,469				3,469				8,938
Western North Carolina			9,838				990				10,828				7,775				1,405				9,180				7,455				1,178				8,633
Coastal Georgia			1,575				3,871				5,446				5,266				95				5,361				691				95				786
East Tennessee			2,044				32				2,076				692				221				913				1,512				278				1,790
Total NPAs		$	123,786			$	28,378			$	152,164			$	67,728			$	22,136			$	89,864			$	28,219			$	18,039			$	46,258

		Second Quarter 2008								First Quarter 2008								Fourth Quarter 2007 (1)
						Net Charge-								Net Charge-								Net Charge-
						Offs to								Offs to								Offs to
		Net				Average				Net				Average				Net				Average
(in thousands)		Charge-Offs				Loans (2)				Charge-Offs				Loans (2)				Charge-Offs				Loans (2)
NET CHARGE-OFFS BY CATEGORY
Commercial (sec. by RE)		$	424				.11	%		$	630				.17	%		$	167				.05	%
Commercial construction			125				.09				—				—				—				—
Commercial & industrial			398				.38				304				.29				507				.49
Total commercial			947				.15				934				.15				674				.11
Residential construction			10,343				2.36				4,665				1.03				10,109				2.13
Residential mortgage			2,576				.70				1,011				.27				1,671				.45
Consumer / installment			447				1.05				465				1.06				559				1.25
Total NPAs		$	14,313				.97			$	7,075				.48			$	13,013				.87
NET CHARGE-OFFS BY MARKET
Atlanta MSA		$	10,682				2.22	%		$	4,647				.94	%		$	8,740				1.72	%
Gainesville MSA			360				.34				323				.32				231				.23
North Georgia			1,829				.36				1,280				.25				2,071				.40
Western North Carolina			279				.14				57				.03				285				.14
Coastal Georgia			980				.90				42				.04				(10	)			(.01	)
East Tennessee			183				.29				726				1.18				1,696				2.76
Total NPAs		$	14,313				.97			$	7,075				.48			$	13,013				.87

UNITED COMMUNITY BANKS, INC.
Operating Earnings to GAAP Earnings Reconciliation
(in thousands, except per share data)

		2008								2007												For the Six Months Ended
		Second				First				Fourth				Third				Second				June 30
		Quarter				Quarter				Quarter				Quarter				Quarter				2008				2007
Special provision for fraud related loan losses		$	—			$	—			$	3,000			$	—			$	15,000			$	—			$	15,000
Income tax effect of special provision			—				—				1,167				—				5,835				—				5,835
After-tax effect of special provision		$	—			$	—			$	1,833			$	—			$	9,165			$	—			$	9,165
Net Income Reconciliation
Operating net income		$	7,093			$	16,078			$	6,034			$	22,536			$	21,076			$	23,171			$	41,421
After-tax effect of special provision and merger-related charges			—				—				(1,833	)			—				(9,165	)			—				(9,165	)
Net income (GAAP)		$	7,093			$	16,078			$	4,201			$	22,536			$	11,911			$	23,171			$	32,256
Basic Earnings Per Share Reconciliation
Basic operating earnings per share		$	.15			$	.34			$	.13			$	.47			$	.47			$	.49			$	.92
Per share effect of special provision and merger-related charges			—				—				(.04	)			—				(.21	)			—				(.21	)
Basic earnings per share (GAAP)		$	.15			$	.34			$	.09			$	.47			$	.26			$	.49			$	.71
Diluted Earnings Per Share Reconciliation
Diluted operating earnings per share		$	.15			$	.34			$	.13			$	.46			$	.46			$	.49			$	.90
Per share effect of special provision and merger-related charges			—				—				(.04	)			—				(.20	)			—				(.20	)
Diluted earnings per share (GAAP)		$	.15			$	.34			$	.09			$	.46			$	.26			$	.49			$	.70
Provision for Loan Losses Reconciliation
Operating provision for loan losses		$	15,500			$	7,500			$	26,500			$	3,700			$	3,700			$	23,000			$	7,400
Special provision for fraud related loan losses			—				—				3,000				—				15,000				—				15,000
Provision for loan losses (GAAP)		$	15,500			$	7,500			$	29,500			$	3,700			$	18,700			$	23,000			$	22,400
Nonperforming Assets Reconciliation
Nonperforming assets excluding fraud-related assets		$	148,219			$	85,182			$	40,956			$	39,761			$	19,968			$	148,218			$	19,968
Fraud-related loans and OREO included in nonperforming assets			3,945				4,682				5,302				23,576				23,633				3,945				23,633
Nonperforming assets (GAAP)		$	152,164			$	89,864			$	46,258			$	63,337			$	43,601			$	152,163			$	43,601
Allowance for Loan Losses Reconciliation
Allowance for loan losses excluding special fraud-related allowance		$	91,035			$	89,848			$	89,423			$	75,935			$	77,471			$	91,035			$	77,471
Fraud-related allowance for loan losses			—				—				—				15,000				15,000				—				15,000
Allowance for loan losses (GAAP)		$	91,035			$	89,848			$	89,423			$	90,935			$	92,471			$	91,035			$	92,471
Net Charge Offs Reconciliation
Net charge offs excluding charge off of fraud-related loans		$	14,313			$	7,075			$	13,012			$	5,236			$	2,124			$	21,388			$	3,586
Fraud-related loans charged off			—				—				18,000				—				—				—				—
Net charge offs (GAAP)		$	14,313			$	7,075			$	31,012			$	5,236			$	2,124			$	21,388			$	3,586
Allowance for Loan Losses to Loans Ratio Reconciliation
Allowance for loan losses to loans ratio excluding fraud-related allowance			1.53	%			1.51	%			1.51	%			1.28	%			1.29	%			1.53	%			1.29	%
Portion of allowance assigned to fraud-related loans			—				—				—				.25				.25				—				.25
Allowance for loan losses to loans ratio (GAAP)			1.53	%			1.51	%			1.51	%			1.53	%			1.54	%			1.53	%			1.54	%
Nonperforming Assets to Total Assets Ratio Reconciliation
Nonperforming assets to total assets ratio excluding fraud-related assets			1.79	%			1.02	%			.50	%			.49	%			.25	%			1.79	%			.25	%
Fraud-related nonperforming assets			.05				.05				.06				.28				.29				.05				.29
Nonperforming assets to total assets ratio (GAAP)			1.84	%			1.07	%			.56	%			.77	%			.54	%			1.84	%			.54	%
Net Charge Offs to Average Loans Ratio Reconciliation
Net charge offs to average loans ratio excluding fraud-related loans			.97	%			.48	%			.87	%			.35	%			.15	%			.97	%			.13	%
Charge offs of fraud-related loans			—				—				1.20				—				—				—				—
Net charge offs to average loans ratio (GAAP)			.97	%			.48	%			2.07	%			.35	%			.15	%			.97	%			.13	%