Nonaccrual Loans (“Nonaccruals”) decreased 17% to $60.7 million on a linked quarter basis. On a year-over-year basis, Nonaccruals were down 11%. As a percentage of Total Loans, Nonaccruals were 1.26% in the fourth quarter of 2012, down 22 basis points from 1.48% in the third quarter of 2012. On a year-over-year basis, Nonaccruals as a percentage of Total Loans declined 20 basis points from 1.46%.

Additional credit metrics are listed below on a linked quarter and year-over-year basis:
(In millions)        

December 31, 2012
        September 30, 2012         December 31, 2011
Total Criticized Loans         $235.0         $275.5         $309.3
Total Loans 30-89 Days Past Due and Accruing (10)         $46.4         $9.5         $27.0
Total Net Loans (Charged-off)/Recovered         ($2.1)         ($3.9)         ($0.1)
Allowance for Loan Losses/Total Loans         1.75%         1.83%         2.07%

Capital Ratios Strengthen in Q4, Dividend Increase and Share Repurchase Program Announced

Most regulatory risk-based capital ratios and tangible common equity ratios increased on a linked quarter basis and year-over-year. The Board of Directors today announced a dividend increase to $0.05 per share, up from $0.01 per share last quarter.

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