Exhibit 99.1

For Immediate Release		CONTACT:		Charles D. Christy
				Chief Financial Officer
				(810) 237-4200
				Charlie.Christy@cbcf-net.com
		CONTACT:		Kathleen Miller
				Investor Relations
				(810) 257-2506
				Kathleen.Miller@cbcf-net.com
		TRADED:		NASDAQ
		SYMBOL:		CBCF

January 19, 2006

CITIZENS BANKING CORPORATION
ANNOUNCES FOURTH QUARTER 2005 RESULTS

FLINT, MICHIGAN -— Citizens Banking Corporation announced net income of $18.9 million for the three months ended December 31, 2005. This represents a decrease of $2.1 million or 10.0% over the third quarter of 2005 net income of $21.0 million and a decrease of $1.4 million or 6.9% over the fourth quarter of 2004 net income of $20.3 million. Diluted net income per share was $0.44, compared with $0.48 for the third quarter of 2005 and $0.46 for the same quarter of last year. Annualized returns on average assets and average equity during the fourth quarter of 2005 were 0.97% and 11.46%, respectively, compared with 1.06% and 12.71% for the third quarter of 2005 and 1.05% and 12.43% for the fourth quarter of 2004.

Net income for the year ended December 31, 2005 totaled $80.5 million or $1.85 per diluted share, which represents an increase in net income of $4.4 million or 5.8% and $0.11 per diluted share over the same period of 2004.

“Our continued loan growth, noninterest-bearing deposit growth, and credit quality improvements enabled Citizens to report another quarter of strong results,” stated William R. Hartman, chairman, president and CEO. “During 2005, we made progress throughout our company that will position us well for the challenges of 2006,” continued Hartman.

Key Highlights in the Quarter:

•		Net charge-offs decreased to a net recovery of $5.1 million in the fourth quarter of 2005 compared with net charge-offs of $5.3 million in the third quarter of 2005 and $4.6 million in the fourth quarter of 2004. The decreases were primarily due to the receipt of a $9.1 million settlement with one of the Corporation’s previous insurers relating to a claim for recovery of fraud losses suffered in connection with two loans made by the Corporation which were subsequently charged-off in 2002 and 2003. The settlement was accounted for as a loan loss recovery.
•		Based on recent changes in the interpretation of Statement of Financial Accounting Standards 133, “Accounting for Derivative Instruments and Hedging Activities”, Citizens incurred a pre-tax cumulative charge to noninterest income of $3.6 million as a result of determining that the swaps related to brokered certificates of deposit no longer qualify for hedge accounting. Despite this non-cash charge, Citizens believes that the underlying transactions still satisfy their intended economic purpose.
•		During the fourth quarter of 2005, Citizens incurred a $9.0 million net loss on the sale of securities as the result of restructuring the investment portfolio. The Corporation sold $322.4 million of investment securities and purchased $209.4 million of higher yielding securities. The remaining $104.0 million, after netting the $9.0 million loss, was used to pay down short-term borrowings. The Corporation also entered into a notional amount of $100.0 million in receive-fixed swaps. Including the impact of the swaps, this transaction shortened the duration of assets, reduced option risk and will have a beneficial impact on net interest margin and net interest income.
•		To help investors compare the results of the current periods with those of prior periods without the effect of the SFAS 133 charge, the insurance settlement and the net loss on the sale of securities in the fourth quarter of 2005, net income for the fourth quarter of 2005 would have been $21.2 million or $0.49 per diluted share. For

		the full year of 2005, net income would have been $82.8 million or $1.91 per diluted share, excluding the $3.6 million charge relating to the swaps on brokered CDs, the $9.1 million insurance settlement, and the $9.0 million net loss on the sale of securities (after-tax effect of $2.3 million, $5.9 million, and $(5.9) million, respectively).
•		Commercial and commercial real estate loans grew by $89.3 million or 3.0% from September 30, 2005 and $200.6 million or 6.9% from December 31, 2004. Our continued focus on the sales management process in traditional Michigan and Wisconsin markets produced growth of $48.7 million and $11.3 million, respectively, during the fourth quarter of 2005. Additionally, strong growth of $29.3 million continued to enhance our Southeast Michigan presence.
•		Noninterest-bearing deposit balances grew $29.5 million or 3.1% from September 30, 2005 and $70.3 million or 7.8% from December 31, 2004 due to continued steady growth in both retail and commercial accounts.
•		Nonperforming assets decreased $2.7 million or 6.4% from the third quarter to $39.9 million at December 31, 2005 and the nonperforming asset ratio improved to 0.71%, its lowest level in four years, from 0.76% at September 30, 2005. The decrease reflects reductions in nonperforming commercial and mortgage loans, which was partially offset by an increase in repossessed assets and nonperforming consumer loans.
•		Citizens incurred $2.3 million in strategic planning consulting services and advertising expense during the fourth quarter of 2005 related to the development and implementation of several initiatives targeted at developing corporate strategies to produce enhanced profitability and revenue momentum and enhancing information technology practices.

Balance Sheet
Citizens’ total assets at December 31, 2005 were $7.8 billion, a decrease of $99.5 million or 1.3% compared with September 30, 2005 and an increase of $45.9 million or 0.6% from December 31, 2004. The decrease from September 30, 2005 was due to a decline in the investment portfolio as a result of the securities transactions in the fourth quarter of 2005, partially offset by an increase in commercial and commercial real estate loans. The increase over December 31, 2004 was due to growth in total portfolio loans, the effect of which was partially offset by a decline in the investment portfolio. Portfolio loans increased $46.8 million or 0.8% compared with September 30, 2005 and $222.8 million or 4.1% compared with December 31, 2004 primarily as a result of growth in commercial loans.

Commercial and commercial real estate loans were $3.1 billion at December 31, 2005, an increase of $89.3 million or 3.0% compared with September 30, 2005 and $200.6 million or 6.9% from December 31, 2004. The improvements were a result of increased focus on the sales management process, new relationships in traditional Michigan and Wisconsin markets, and continued strong growth in the Southeast Michigan market, which were partially offset by a continued reduction of exposure on credits not meeting Citizens’ risk parameters, including the third quarter 2005 nonperforming loan sale, and normal competitive pressures.

Residential mortgage loans were $539.8 million at December 31, 2005, an increase of $7.9 million or 1.5% compared with September 30, 2005 and an increase of $31.6 million or 6.2% from December 31, 2004. The increases in the mortgage portfolio were primarily the result of retaining most new adjustable-rate mortgage (ARM) production, which is desirable for the bank to hold in the portfolio. Citizens continues to sell most new fixed rate production into the secondary market.

Total consumer loans, which are comprised of direct and indirect loans, were $2.0 billion at December 31, 2005, a decrease of $50.3 million or 2.5% from September 30, 2005 and essentially unchanged from December 31, 2004. For the three month period ended December 31, 2005, direct consumer loans declined by $29.4 million or 2.5% and indirect consumer loans declined by $20.9 million or 2.4%, respectively, from September 30, 2005. The declines were primarily the result of weak consumer demand in Citizens’ markets and seasonal interest in indirect products.

Total deposits were $5.5 billion at December 31, 2005, an increase of $243.8 million or 4.7% from September 30, 2005 and an increase of $170.5 million or 3.2% from December 31, 2004. Core deposits, which exclude all time deposits, totaled $3.3 billion at December 31, 2005, a decrease of $50.9 million or 1.5% from September 30, 2005 and a decrease of $390.0 million or 10.6% from December 31, 2004. The decreases in core deposits were largely the result of clients migrating their funds into time deposits with higher yields and to promotional rate products within the market. Time deposits totaled $2.2 billion at December 31, 2005, an increase of $294.6 million or 15.7% compared with September 30, 2005 and an increase of $560.5 million or 34.8% from December 31, 2004. The increases in time deposits were partially due to an increase in brokered certificates of deposit, which is one of many wholesale funding alternatives used by Citizens.

Other interest-bearing liabilities, which include federal funds purchased and securities sold under agreements to repurchase, other short-term borrowings, and long-term debt, were $1.5 billion at December 31, 2005, a decrease of $351.2 million or 18.6% from September 30, 2005 and a decrease of $139.5 million or 8.3% from December 31, 2004. The decreases were the result of fourth quarter of 2005 paydown of $104.0 million on short-term borrowings and Citizens’ response to the aforementioned loan and deposit changes.

Credit Quality
Nonperforming assets totaled $39.9 million at December 31, 2005, a decrease of $2.7 million or 6.4% compared with September 30, 2005 and a decrease of $11.0 million or 21.6% compared with December 31, 2004. Nonperforming assets at September 30, 2005 and December 31, 2005 reflect a sale of nonperforming commercial loans with a balance of $6.7 million during the third quarter of 2005. Nonperforming assets at December 31, 2005 represented 0.71% of total loans plus other repossessed assets acquired compared with 0.76% at September 30, 2005 and 0.94% at December 31, 2004. Nonperforming commercial loan inflows increased to $10.6 million in the fourth quarter of 2005 compared with $9.9 million in the third quarter of 2005 and $18.4 million in the fourth quarter of 2004 while outflows totaled $13.8 million for the fourth quarter of 2005 compared with $17.3 million in the third quarter of 2005 and $18.9 million in the fourth quarter of 2004.

Net charge-offs decreased to a net recovery of $5.1 million or (0.36)% of average portfolio loans in the fourth quarter of 2005 compared with $5.3 million or 0.38% of average portfolio loans in the third quarter of 2005 and $4.6 million or 0.35% of average portfolio loans in the fourth quarter of 2004. The decreases were primarily due to the $9.1 million insurance settlement, received in the fourth quarter of 2005 (described above under “Key Highlights in the Quarter”), which was accounted for as a loan loss recovery. The remaining $1.3 million reduction from the third quarter of 2005 was due to slightly higher commercial recoveries in the fourth quarter of 2005 and the remaining reduction of $0.5 million from the fourth quarter of 2004 was due to lower commercial real estate charge-offs, slightly offset by lower commercial recoveries in the fourth quarter of 2005.

The provision for loan losses decreased to $(7.3) million in the fourth quarter of 2005 compared with $4.0 million in the third quarter of 2005 and $4.6 million in the fourth quarter of 2004. For the full year of 2005, the provision for loan losses was $1.1 million, compared with $21.1 million for the same period of 2004. The decreases were due to the receipt of the $9.1 million insurance settlement described above, a fourth quarter 2005 reduction in the reserve of $1.5 million related to a previous mortgage recourse transaction, and a continued improvement in the overall risk of the portfolio.

As a result of the changes in net charge-offs and provision for loan losses, the allowance for loan losses totaled $116.4 million or 2.07% of portfolio loans at December 31, 2005, a decrease of $2.2 million and $5.8 million from September 30, 2005 and December 31, 2004, respectively.

Based on seasonal business trends, the overall risk in the loan portfolio, and excluding the effect of the fourth quarter 2005 insurance settlement, for the first quarter of 2006 Citizens anticipates the provision expense will be consistent with or slightly lower than, and net charge-offs will be slightly higher than the fourth quarter of 2005.

Net Interest Margin and Net Interest Income
Net interest margin was 3.95% for the fourth quarter of 2005 compared with 3.93% for the third quarter of 2005 and 3.97% for the fourth quarter of 2004. The increase in net interest margin compared with the third quarter of 2005 resulted from an improvement in the yield on the investment portfolio, largely offset by shifts within the deposit portfolio from lower cost savings and transaction products to time deposits and continued pricing pressure on commercial loans. The improvement in investment portfolio yield was due to both a restructuring of the portfolio and the receipt of a $0.3 million prepayment penalty on a called security. The decrease in net interest margin compared with the fourth quarter of 2004 was due to shifts within the deposit portfolio from lower cost savings and transaction products to time deposits and continued pricing pressure on commercial loans, partially offset by a shift in asset mix from investment securities to higher yielding commercial loans and growth in noninterest-bearing sources of funds. For the full year 2005, net interest margin declined to 3.94% compared with 3.99% for the same period of 2004 as a result of the aforementioned factors.

Net interest income was $69.1 million in the fourth quarter of 2005 compared with $69.6 million in the third quarter of 2005 and $68.5 million in the fourth quarter of 2004. The decrease in net interest income compared with the third quarter of 2005 was driven by a decline in earning assets, partially offset by a higher net interest margin. The decline in earning assets resulted from a reduction in investment portfolio balances. The increase in net interest income compared with the fourth quarter of 2004 resulted from an increase in earning assets, partially offset by a lower net

interest margin. The increase in earning assets was driven by growth in consumer and commercial loans outpacing declines in the securities portfolio.

Net interest income for the full year 2005 was $275.7 million, slightly up from $275.3 million in the same period of 2004. An increase in average earning assets of $108.5 million was substantially offset by the lower net interest margin.

In the first quarter of 2006, Citizens anticipates net interest income will be slightly lower than the fourth quarter of 2005 as a result of anticipated margin compression, slightly lower investment portfolio balances and two less days in the quarter.

Noninterest Income
Noninterest income for the fourth quarter of 2005 was $11.0 million, a decrease of $13.0 million or 54.2% from the third quarter of 2005 and a decrease of $12.7 million or 53.7% from the fourth quarter of 2004. The decreases were primarily the result of a $3.6 million charge associated with the accounting treatment for swaps hedging brokered certificates of deposit (CDs) and a net loss on the sales of securities of $9.0 million in the fourth quarter of 2005. For the full year of 2005, noninterest income totaled $80.5 million, a decrease of $23.5 million or 22.6% from the $104.1 million in same period of 2004. The variance from the prior year was primarily the result of the third quarter 2004 $11.7 million gain on the sale of the Illinois bank, the aforementioned fourth quarter 2005 charge of $3.6 million, larger net losses in 2005 over 2004 on the sales of securities due to the aforementioned fourth quarter 2005 securities transactions, and lower mortgage, other loan income, and other income, partially offset by increases in trust fees, ATM network user fees, and bankcard fees.

Deposit service charges for the fourth quarter of 2005 decreased $0.4 million or 4.1% to $9.0 million compared with the third quarter of 2005 and increased $0.1 million or 1.6% from the fourth quarter of 2004. The decrease from the third quarter of 2005 was the result of lower seasonal transaction activity. The increase from the fourth quarter of 2004 was the result of improved fee waiver management. For the full year of 2005, deposit service charges totaled $35.4 million, essentially unchanged from the same period of the prior year as the results of the fee waiver management efforts were substantially offset by reduced commercial deposit service charges due to higher customer earnings credits on commercial deposit balances.

Trust fees for the fourth quarter of 2005 increased $0.4 million or 9.9% to $5.0 million compared with the third quarter of 2005 and $0.2 million or 4.1% from the fourth quarter of 2004. For the full year of 2005, trust fees totaled $18.4 million, an increase of $0.6 million or 3.3% from the same period of 2004. The increases were attributable to stronger financial markets, continued execution of the sales management process and improved pricing discipline, partially offset by attrition. Total trust assets under administration of $2.5 billion at December 31, 2005 were essentially unchanged from September 30, 2005 and decreased $149.6 million from December 31, 2004. The decline in trust assets from December 31, 2004 was due to the reduction of an institutional relationship and the exit of custody assets during 2005. The effect of these exits was partially offset by stronger financial markets at December 31, 2005 and continued growth in personal investment management.

Mortgage and other loan income for the fourth quarter of 2005 decreased $0.4 million or 14.3% to $2.1 million compared with the third quarter of 2005 and decreased $0.5 million or 18.1% from the fourth quarter of 2004. The decreases reflect lower mortgage origination volume in the fourth quarter of 2005. For the full year of 2005, mortgage and other loan income totaled $9.0 million, a decrease of $0.6 million or 6.6% from the same period of the prior year. The decline was a result of lower mortgage origination in 2005 and lower letter of credit and home equity annual fees.

Brokerage and investment fees for the fourth quarter of 2005 were essentially unchanged from the third quarter of 2005 at $1.9 million and increased $0.2 million or 12.2% compared with the fourth quarter of 2004. The increase from the fourth quarter of 2004 was due to improved consultative selling efforts coordinated between the Wealth Management and Consumer Banking lines of business. For the full year of 2005, brokerage and investment fees totaled $7.8 million, essentially unchanged from the same period of 2004.

For the fourth quarter of 2005, all other noninterest income categories, which include ATM network user fees, bankcard fees, other income, fair value change in CD swap derivatives, and investment securities gains (losses), decreased $12.7 million to ($7.0) million from the third quarter of 2005 and decreased $12.8 million from the fourth quarter of 2004. The decreases were primarily the result of the aforementioned $3.6 million charge on the fair value change in CD swap derivatives and the $9.0 million net loss on the sales of securities during the fourth quarter of 2005. For the full year of 2005, all other noninterest income categories, totaled $9.9 million, a decrease of $23.7

million or 70.6% from the same period of 2004, which included the gain on the sale of the Illinois bank subsidiary. The decrease was largely the result of the aforementioned fair value change in CD swap derivatives and net loss on the sale of securities during the fourth quarter of 2005, the $11.7 million gain on the sale of the Illinois Bank during 2004, and net gains of $1.7 million from the sale of former branch and other bank premises during 2004.

Based on recent changes in the interpretation of SFAS 133, “Accounting for Derivative Instruments and Hedging Activities”, Citizens incurred a pre-tax cumulative charge of $3.6 million associated with the accounting treatment for swaps hedging brokered certificates of deposit. Since September 2003, Citizens has entered into interest rate swap agreements to hedge the interest rate risk inherent in certain of its CDs and as an alternative to short-term variable wholesale funding. From inception of the hedging program, Citizens has applied, in a manner consistent with industry practice, a method of fair value hedge accounting under SFAS 133 to account for the CD swap transactions that allowed Citizens to assume the effectiveness of such transactions using the ‘short-cut method’. Citizens has recently concluded that the CD swap transactions did not qualify for this method in prior periods because the related CD broker placement fee was determined, in retrospect, to have caused the swap not to have a fair value of zero at inception (which is required under SFAS 133 to qualify for the ‘short-cut method’). Although Citizens believes that the swaps would have qualified for hedge accounting under the ‘long-haul method’, hedge accounting under SFAS 133 is not allowed retrospectively because the hedge documentation required for the ‘long-haul method’ was not in place at the inception of the hedge. Citizens concluded that the impact of the SFAS 133 charge in each of the affected quarters was not material. As a result of these considerations, Citizens has recognized a cumulative charge in the fourth quarter of 2005.

Although Citizens no longer applies hedge accounting to these transactions, they still satisfy their intended economic purpose. The SFAS 133 charge is a non-cash charge which is expected to be offset by income in future periods as the swaps mature. New fair value hedges on brokered CDs will conform to hedge accounting standards, as defined by SFAS 133, and are expected to be neutral to earnings.

Excluding the effect of the fourth quarter 2005 fair value change in CD swap derivatives and the net loss on the sale of securities, Citizens anticipates total noninterest income in the first quarter of 2006 will be higher than the fourth quarter of 2005 due to a gain on the sale of a property, partially offset by lower seasonal activity in deposit service charges and lower mortgage volume. The overall impact of this gain may be mitigated by certain first quarter expenses relating to several strategic initiatives currently under review.

Noninterest Expense
Noninterest expense for the fourth quarter of 2005 was $60.9 million, essentially unchanged from the third quarter of 2005 and the fourth quarter of 2004. When compared with the third quarter of 2005, decreases in salaries and benefits and in other expenses were offset by increases in occupancy, professional services, data processing services, advertising and public relations expenses. When compared with the fourth quarter of 2004, decreases in equipment, advertising and public relations, other loan expenses, stationery and supplies and other expenses were offset by increases in salaries and benefits, occupancy, professional services, and data processing services. For the full year of 2005, noninterest expenses totaled $243.1 million, a decrease of $19.7 million or 7.5% from $262.8 million for the same period of 2004. This decrease is the result of the $18.0 million prepayment penalty on high cost Federal Home Loan Bank (“FHLB”) debt incurred in the third quarter of 2004 and declines in advertising and public relations, other loan expense, and in other expenses, partially offset by increases in salaries and employee benefits, occupancy, and professional services.

Salaries and employee benefits for the fourth quarter of 2005 decreased $1.7 million or 4.9% to $32.4 million compared with the third quarter of 2005 and increased $1.1 million or 3.4% compared with the fourth quarter of 2004. The decrease was the result of lower postretirement benefits due to plan amendments, lower medical expense as Citizens is self-funded, and a workers compensation refund. The increase over the fourth quarter of 2004 was the result of higher severance and incentive payouts, partially offset by lower postretirement benefits. Salary costs included $0.7 million in severance for the fourth quarter of 2005 and $0.4 million for the third quarter of 2005 as well as the fourth quarter of 2004. Citizens had 2,123 full time equivalent employees at December 31, 2005, down from 2,144 at September 30, 2005 and 2,215 at December 31, 2004. For the full year of 2005, salaries and employee benefits totaled $132.2 million, an increase of $3.1 million or 2.4% over the same period of 2004. The increase was the result of higher incentive payouts, higher employee benefit costs related to pension and insurance expenses, and personnel increases in Citizens’ Southeast Michigan market, partially offset by a decrease in postretirement benefits.

Occupancy costs for the fourth quarter of 2005 increased $0.4 million or 7.2% to $5.6 million compared with the third quarter of 2005. The increase was primarily a result of various small branch upgrade projects throughout

Citizens’ delivery network. Occupancy costs increased $0.6 million or 10.9% over the fourth quarter of 2004. For the full year of 2005, occupancy costs totaled $22.1 million, which represents a $1.9 million increase or 9.6% over the same period of 2004. These increases were largely the result of rent and depreciation expenses related to the new branches and regional hubs opened in Southeast Michigan throughout 2004 and 2005, and the Michigan and Wisconsin re-branding projects.

Professional services for the fourth quarter of 2005 increased $0.3 million or 7.1% to $4.8 million compared with the third quarter of 2005 and increased $0.9 million or 23.7% compared with the fourth quarter of 2004. For the full year of 2005, professional services totaled $17.3 million, an increase of $1.0 million or 6.3% from the same period of 2004. The increases were primarily the result of higher consulting fees associated with several initiatives targeted at developing corporate strategies to produce enhanced profitability and revenue momentum, enhancing overall corporate risk management, ensuring accounting and regulatory compliance, and enhancing information technology practices.

Equipment costs for the fourth quarter of 2005 increased $0.1 million or 4.2% to $3.3 million compared with the third quarter of 2005 and decreased $0.3 million or 8.7% compared with the fourth quarter of 2004. The increase over the third quarter of 2005 was related to higher software lease and equipment maintenance expenses. The decrease from the fourth quarter of 2004 was primarily due to lower equipment depreciation, equipment maintenance, and software maintenance expenses. For the full year of 2005, equipment costs totaled $14.6 million, an increase of $0.3 million or 1.8% over the same period of 2004. The increase was due to $1.5 million in additional depreciation during the second quarter of 2005 as a result of aligning the service life for these items with the current capitalization policy, partially offset by decreases in equipment maintenance and software maintenance.

Advertising and public relations expense for the fourth quarter of 2005 increased $0.9 million or 49.7% to $2.6 million compared with the third quarter of 2005 and decreased $0.3 million or 11.6% compared with the fourth quarter of 2004. For the full year of 2005, advertising and public relations totaled $7.9 million, a decrease of $1.3 million or 14.5% from the same period of 2004. The increase over the third quarter of 2005 was the result of several product campaigns focused on creating deposit generation momentum for 2006. The decreases were the result of reduced advertising and marketing expenses associated with the Southeast Michigan initiative, partially offset by the fourth quarter 2005 deposit generation campaign.

Other loan expenses for the fourth quarter of 2005 were essentially unchanged from the third quarter of 2005 at $0.7 million and decreased $0.2 million or 18.5% from the fourth quarter of 2004. The decrease was the result of lower provisioning to fund the reserve for unused loan commitments, which fluctuates with the amount of unadvanced customer lines of credit. For the full year of 2005, other loan expenses totaled $2.7 million, a decrease of $1.3 million or 33.4% from the same period of 2004. The decrease was primarily the result of lower consumer loan volumes and process improvements implemented in the consumer loan processing department during the third quarter of 2004.

For the fourth quarter of 2005, all other noninterest expense categories, which include data processing services, postage and delivery, telephone, stationery and supplies, intangible asset amortization, and other expenses, increased $0.4 million or 3.7% to $11.6 million from the third quarter of 2005 and decreased $1.9 million or 14.3% from the fourth quarter of 2004. The increase from the third quarter of 2005 was the result of higher data processing services, travel and training, and expenses related to other real estate owned, slightly offset by a partial reversal of certain tax related reconciliation items incurred during 2004. The decrease from the fourth quarter of 2004 was primarily a result of the aforementioned reversal and a fourth quarter 2004 litigation settlement payment. For the full year of 2005, all other noninterest expense categories decreased $23.3 million or 33.5% to $46.4 million compared with the same period of 2004. The decrease was the result of the $18.0 million prepayment penalty on high cost FHLB debt and certain tax related reconciliation items incurred in the third quarter of 2004, the aforementioned fourth quarter 2004 litigation settlement payment, and reduced supply costs related to the 2005 implementation of an online procurement system that has improved expense management.

Citizens anticipates that noninterest expenses for the first quarter of 2006 will be consistent with or slightly higher than the fourth quarter of 2005 due to an increase in stock-related compensation due to the implementation of a new accounting methodology (SFAS 123R) and other expenses, partially offset by a reduction in professional services, advertising and public relations expense.

Income Tax Provision
Income tax provision for the fourth quarter of 2005 was $7.6 million, a decrease of $0.5 million or 6.1% compared with the third quarter of 2005 and an increase of $1.4 million over the fourth quarter of 2004. The decrease from the

third quarter of 2005 was due to lower pre-tax income, partially offset by an adjustment in the reserve for taxes payable. The increase over the fourth quarter of 2004 was due to higher pre-tax income and the aforementioned reserve adjustments. For the full year of 2005, income tax provision totaled $31.6 million, an increase of $12.2 million or 62.6% over the same period of 2004. The increase was attributable to higher pre-tax income, a $1.3 million ($0.8 million after-tax) reduction in the deferred Wisconsin state income tax asset and higher ongoing state taxes as a result of the April 2005 merger of the Michigan and Wisconsin bank charters and the third quarter 2004 tax benefit from the Illinois bank sale.

The effective tax rate was 28.56% for the fourth quarter of 2005 compared with 27.70% for the third quarter of 2005 and 23.18% for the fourth quarter of 2004. On a full-year basis, the effective tax rate was 28.17% and 20.33% for 2005 and 2004, respectively. The increases were a result of the aforementioned Wisconsin deferred tax asset release, and higher state taxes, partially offset by the tax benefit generated from the Illinois bank sale.

Citizens anticipates that the effective income tax rate for the first quarter of 2006 will be lower than the fourth quarter of 2005 due to the fourth quarter 2005 adjustment in the reserve for taxes payable.

Other News
Citizens Bank Establishes Business Credit Card Relationship
On November 17, 2005, Citizens announced a partnership with GE Consumer Finance-Americas to offer charge cards to its business clients. The Productivity Card provides clients a tool to proactively monitor costs and provides them access to various suppliers.

Citizens Names New Chief Technology Officer
On December 27, 2005 Jerry Bettens joined Citizens as the new Chief Technology Officer. Prior to joining Citizens, Jerry headed the North American Region for Global Shared Services for ABN AMRO.

Stock Repurchase Program
During the fourth quarter of 2005, Citizens repurchased a total of 135,000 shares of its stock at an average price of $29.44. As of December 31, 2005 there are 2,241,200 shares remaining to be purchased under the program approved by the company’s Board of Directors on October 16, 2003.

Dividend Announcement
The Board of Directors of Citizens Banking Corporation declared a cash dividend of $0.285 per share of common stock. The dividend is payable on February 9, 2006, to shareholders of record on January 31, 2006.

Investor Conference Call
William R. Hartman, chairman, president and CEO, Charles D. Christy, CFO, John D. Schwab, chief credit officer, and Martin E. Grunst, treasurer, will review the quarter’s results in a conference call for investors and analysts beginning at 10:00am EST on Friday, January 20, 2006.

A live audio Webcast is available at http://www.vcall.com/IC/CEPage.asp?ID=99714 To participate in the conference call, please call the number below approximately 10 minutes prior to the scheduled conference time: US/Canada Dial-In Number: (877) 407-8031 International Dial-In Number: (201) 689-8031 Conference ID: 186297 Conference Name: “Citizens Banking Corporation 4^th Quarter Earnings Conference Call”. RSVP is not required.

A playback of the conference call will be available after 12:00pm EST through February 6, 2006, by dialing US/Canada Dial-In Number: (877) 660-6853 or International Dial-In Number: (201) 612-7415, Account Number: 286, Conference ID: 186297. Also, the call can be accessed via Citizens’ Web site, through the Investor Relations section at www.citizensonline.com

Corporate Profile
Citizens Banking Corporation is a diversified financial services company providing a full range of commercial, consumer, mortgage banking, trust and financial planning services to a broad client base. Citizens operates 183 branch, private banking, and financial center locations and 187 ATMs throughout Michigan, Wisconsin, and Iowa.

Safe Harbor Statement
Discussions in this release that are not statements of historical fact (including statements that include terms such as “will” “may,” “should,” “believe,” “expect,” “anticipate,” “estimate,” “intend,” and “plan”) are forward-looking

statements that involve risks and uncertainties, and Citizens’ actual future results could materially differ from those discussed. Factors that could cause or contribute to such differences include, without limitation, adverse changes in Citizens’ loan and lease portfolios and the resulting credit risk-related losses and expenses (including losses due to fraud, Michigan automobile-related industry changes and shortfalls, and other economic factors), Citizens’ future lending and collections experience and the potential inadequacy of Citizens’ loan loss reserves, interest rate fluctuations and the effects on net interest income of changes in Citizens’ interest rate risk position, the potential inability to hedge certain risks economically, other adverse changes in economic or financial market conditions, the effects of terrorist attacks and potential attacks, Citizens’ potential inability to continue to attract core deposits, Citizens’ potential inability to continue to obtain third party financing on favorable terms, adverse changes in competition and pricing environments, Citizens’ potential failure to maintain or improve loan quality levels and origination volume, unanticipated expenses and payments relating to litigation brought against Citizens from time to time, unanticipated technological changes that require major capital expenditures, adverse changes in applicable laws and regulatory requirements, the potential lack of market acceptance of Citizens’ products and services, adverse changes in Citizens’ relationship with major customers, changes in accounting and tax rules and interpretations that negatively impact results of operations or capital, the potential inadequacy of Citizens’ business continuity plans, the potential failure of Citizens’ external vendors to fulfill their contractual obligations to Citizens, Citizens’ potential inability to integrate acquired operations, unanticipated environmental liabilities or costs, impairment of the ability of the banking subsidiaries to pay dividends to the holding company parent, Citizens’ success in managing the risks involved in the foregoing, and other risks and uncertainties detailed from time to time in its filings with the Securities and Exchange Commission. Other factors not currently anticipated by management may also materially and adversely affect Citizens’ results of operations. There can be no assurance that the future results will meet expectations. While Citizens believes that its forward-looking statements are reasonable, you should not place undue reliance on any forward-looking statement. In addition, these statements speak only as of the date made. Citizens does not undertake, and expressly disclaims any obligation, to update or alter its statements whether as a result of new information, future events or otherwise, except as required by applicable law.

####

(Financial highlights follow)

Visit our Web site at http://www.CitizensOnline.com

Consolidated Balance Sheets (Unaudited)
Citizens Banking Corporation and Subsidiaries

		December 31,				September 30,				December 31,
(in thousands)		2005				2005				2004
Assets
Cash and due from banks		$	194,748			$	184,135			$	153,474
Interest-bearing deposits with banks			380				1,366				1,769
Investment Securities:
Available-for-sale:
U.S. Treasury and federal agency securities			1,122,306				1,283,574				1,348,199
State and municipal securities			378,235				381,914				395,878
Other securities			57,367				55,680				70,447
Held-to-maturity:
State and municipal securities (fair value of $82,356, $75,333 and $54,749, respectively)			82,431				74,943				54,035
Total investment securities			1,640,339				1,796,111				1,868,559
Mortgage loans held for sale			16,252				29,847				28,038
Loans:
Commercial			1,688,079				1,623,857				1,633,698
Commercial real estate			1,402,128				1,377,082				1,255,913
Residential mortgage loans			539,824				531,953				508,234
Direct consumer			1,142,002				1,171,388				1,169,618
Indirect consumer			844,086				864,994				825,902
Total loans			5,616,119				5,569,274				5,393,365
Less: Allowance for loan losses			(116,400	)			(118,626	)			(122,184	)
Net loans			5,499,719				5,450,648				5,271,181
Premises and equipment			121,730				120,755				117,944
Goodwill			54,527				54,527				54,527
Other intangible assets			11,133				11,858				14,033
Bank owned life insurance			84,435				83,773				82,613
Other assets			128,620				118,330				113,895
Total assets		$	7,751,883			$	7,851,350			$	7,706,033
Liabilities
Noninterest-bearing deposits		$	969,074			$	939,560			$	898,820
Interest-bearing demand deposits			891,313				962,893				1,150,332
Savings deposits			1,437,024				1,445,838				1,638,295
Time deposits			2,176,428				1,878,180				1,612,313
Total deposits			5,473,839				5,226,471				5,299,760
Federal funds purchased and securities sold under agreements to repurchase			505,879				916,816				671,660
Other short-term borrowings			23,242				11,825				53,114
Other liabilities			86,351				83,553				77,276
Long-term debt			1,006,109				957,836				949,921
Total liabilities			7,095,420				7,196,501				7,051,731
Shareholders’ Equity
Preferred stock — no par value			—				—				—
Common stock — no par value			85,526				87,405				97,180
Retained earnings			570,483				563,597				539,128
Accumulated other comprehensive income			454				3,847				17,994
Total shareholders’ equity			656,463				654,849				654,302
Total liabilities and shareholders’ equity		$	7,751,883			$	7,851,350			$	7,706,033

Consolidated Statements of Income (Unaudited)
Citizens Banking Corporation and Subsidiaries

		Three Months Ended								Twelve Months Ended
		December 31,								December 31,
(in thousands, except per share amounts)		2005				2004				2005				2004
Interest Income
Interest and fees on loans		$	92,607			$	77,290			$	343,890			$	300,539
Interest and dividends on investment securities:
Taxable			14,002				14,726				58,514				61,501
Tax-exempt			5,336				5,150				20,789				20,916
Money market investments			13				4				56				12
Total interest income			111,958				97,170				423,249				382,968
Interest Expense
Deposits			26,102				16,462				85,154				64,439
Short-term borrowings			7,081				3,813				25,929				9,584
Long-term debt			9,680				8,415				36,417				33,618
Total interest expense			42,863				28,690				147,500				107,641
Net Interest Income			69,095				68,480				275,749				275,327
Provision for loan losses			(7,287	)			4,609				1,109				21,094
Net interest income after provision for loan losses			76,382				63,871				274,640				254,233
Noninterest Income
Service charges on deposit accounts			8,957				8,814				35,409				35,121
Trust fees			4,989				4,794				18,445				17,854
Mortgage and other loan income			2,099				2,562				8,983				9,615
Brokerage and investment fees			1,946				1,733				7,803				7,885
ATM network user fees			1,065				844				4,355				3,442
Bankcard fees			1,027				897				3,804				3,444
Gain on sale of Illinois bank subsidiary			—				—				—				11,650
Fair value change in CD swap derivatives			(3,604	)			—				(3,604	)			—
Other			3,451				4,000				14,240				16,549
Total fees and other income			19,930				23,644				89,435				105,560
Investment securities gains (losses)			(8,970	)			10				(8,927	)			(1,509	)
Total noninterest income			10,960				23,654				80,508				104,051
Noninterest Expense
Salaries and employee benefits			32,391				31,320				132,153				129,093
Occupancy			5,631				5,077				22,131				20,200
Professional services			4,837				3,911				17,279				16,251
Equipment			3,263				3,575				14,634				14,371
Data processing services			3,744				3,074				13,800				13,352
Advertising and public relations			2,570				2,907				7,853				9,180
Postage and delivery			1,591				1,600				6,213				6,534
Telephone			1,333				1,502				5,481				6,030
Other loan expenses			686				840				2,655				3,984
Stationery and supplies			844				1,046				3,091				3,751
Intangible asset amortization			725				725				2,899				2,899
Prepayment penalty on FHLB advances			—				—				—				17,959
Other			3,286				5,540				14,853				19,163
Total noninterest expense			60,901				61,117				243,042				262,767
Income Before Income Taxes			26,441				26,408				112,106				95,517
Income tax provision			7,553				6,122				31,581				19,420
Net Income		$	18,888			$	20,286			$	80,525			$	76,097
Net Income Per Common Share:
Basic		$	0.44			$	0.47			$	1.87			$	1.76
Diluted			0.44				0.46				1.85				1.74
Cash Dividends Declared Per Common Share			0.285				0.285				1.140				1.140
Average Common Shares Outstanding:
Basic			42,903				43,235				43,096				43,266
Diluted			43,131				43,798				43,412				43,763

Selected Quarterly Information
Citizens Banking Corporation and Subsidiaries

		4th Qtr 2005				3rd Qtr 2005				2nd Qtr 2005				1st Qtr 2005				4th Qtr 2004
Summary of Operations (thousands)
Interest income		$	111,958			$	108,506			$	103,619			$	99,166			$	97,170
Interest expense			42,863				38,864				34,840				30,933				28,690
Net interest income			69,095				69,642				68,779				68,233				68,480
Provision for loan losses			(7,287	)			4,000				1,396				3,000				4,609
Net interest income after provision for loan losses			76,382				65,642				67,383				65,233				63,871
Total fees and other income			19,930				23,941				23,109				22,455				23,644
Investment securities gains (losses)			(8,970	)			—				37				6				10
Noninterest expense			60,901				60,550				60,990				60,601				61,117
Income tax provision			7,553				8,041				8,974				7,013				6,122
Net income			18,888				20,992				20,565				20,080				20,286
Taxable equivalent adjustment			3,432				3,284				3,324				3,353				3,324
At Period End (millions)
Total assets		$	7,752			$	7,851			$	7,826			$	7,777			$	7,706
Total earning assets			7,274				7,397				7,399				7,358				7,292
Total loans including held for sale			5,632				5,599				5,553				5,464				5,421
Total deposits			5,474				5,226				5,201				5,290				5,300
Total shareholders’ equity			656				655				662				646				654
Average Balances (millions)
Total assets		$	7,754			$	7,821			$	7,807			$	7,728			$	7,661
Total earning assets			7,311				7,393				7,386				7,302				7,238
Total loans including held for sale			5,604				5,572				5,510				5,424				5,337
Total deposits			5,305				5,239				5,254				5,349				5,258
Total shareholders’ equity			654				655				654				649				649
Shareholders’ equity / assets			8.43	%			8.38	%			8.37	%			8.40	%			8.48	%
Credit Quality Statistics (thousands)
Nonaccrual loans		$	32,140			$	35,527			$	42,191			$	36,593			$	42,819
Loans 90 or more days past due and still accruing			385				92				2				11				40
Restructured loans			—				13				32				42				42
Total nonperforming loans			32,525				35,632				42,225				36,646				42,901
Other repossessed assets acquired (ORAA)			7,351				6,984				6,817				7,118				7,946
Total nonperforming assets		$	39,876			$	42,616			$	49,042			$	43,764			$	50,847
Allowance for loan losses		$	116,400			$	118,626			$	119,967			$	120,945			$	122,184
Allowance for loan losses as a percent of portfolio loans			2.07	%			2.13	%			2.17	%			2.23	%			2.27	%
Allowance for loan losses as a percent of nonperforming assets			291.90				278.36				244.62				276.36				240.30
Allowance for loan losses as a percent of nonperforming loans			357.88				332.92				284.11				330.04				284.80
Nonperforming assets as a percent of portfolio loans plus ORAA			0.71				0.76				0.89				0.80				0.94
Nonperforming assets as a percent of total assets			0.51				0.54				0.63				0.56				0.66
Net loans charged off as a percent of average portfolio loans (annualized)			(0.36	)			0.38				0.17				0.32				0.35
Net loans charged off (000)		$	(5,061	)		$	5,341			$	2,374			$	4,239			$	4,609
Per Common Share Data
Net Income:
Basic		$	0.44			$	0.49			$	0.48			$	0.46			$	0.47
Diluted			0.44				0.48				0.47				0.46				0.46
Dividends			0.285				0.285				0.285				0.285				0.285
Market Value:
High		$	30.22			$	32.15			$	30.98			$	34.81			$	35.43
Low			26.67				28.20				26.35				29.02				32.01
Close			27.75				28.40				30.22				29.36				34.35
Book value			15.28				15.21				15.31				14.95				15.13
Shares outstanding, end of period (000)			42,968				43,044				43,261				43,173				43,240
Performance Ratios (annualized)
Net interest margin (FTE) (1)			3.95	%			3.93	%			3.92	%			3.96	%			3.97	%
Return on average assets			0.97				1.06				1.06				1.05				1.05
Return on average shareholders’ equity			11.46				12.71				12.62				12.54				12.43
Efficiency ratio (2)			65.87				62.51				64.06				64.44				64.21

Financial Summary and Comparison
Citizens Banking Corporation and Subsidiaries

		Twelve months ended
		December 31,
		2005				2004				% Change
Summary of Operations (thousands)
Interest income		$	423,249			$	382,968				10.5	%
Interest expense			147,500				107,641				37.0
Net interest income			275,749				275,327				0.2
Provision for loan losses			1,109				21,094				(94.7	)
Net interest income after provision for loan losses			274,640				254,233				8.0
Total fees and other income			89,435				105,560				(15.3	)
Investment securities gains (losses)			(8,927	)			(1,509	)			N/M
Noninterest expense			243,042				262,767				(7.5	)
Income tax provision			31,581				19,420				62.6
Net income			80,525				76,097				5.8
At Period End (millions)
Total assets		$	7,752			$	7,706				0.6	%
Total earning assets			7,274				7,292				(0.2	)
Total loans including held for sale			5,632				5,421				3.9
Total deposits			5,474				5,300				3.3
Total shareholders’ equity			656				654				0.3
Average Balances (millions)
Total assets		$	7,778			$	7,685				1.2	%
Total earning assets			7,348				7,260				1.2
Total loans including held for sale			5,528				5,292				4.5
Total deposits			5,286				5,375				(1.7	)
Total shareholders’ equity			653				640				2.1
Shareholders’ equity / assets			8.40	%			8.32	%			1.0
Per Common Share Data
Net Income:
Basic		$	1.87			$	1.76				6.3	%
Diluted			1.85				1.74				6.3
Dividends			1.140				1.140				0.0
Market Value:
High		$	34.81			$	35.43				(1.7	)
Low			26.35				28.31				(6.9	)
Close			27.75				34.35				(19.2	)
Book value			15.28				15.13				1.0
Tangible book value			13.75				13.55				1.5
Shares outstanding, end of period (000)			42,968				43,240				(0.6	)
Performance Ratios (annualized)
Net interest margin (FTE) (1)			3.94	%			3.99	%			(1.3	)%
Return on average assets			1.04				0.99				5.1
Return on average shareholders’ equity			12.33				11.90				3.6
Net loans charged off as a percent of average portfolio loans			0.13				0.40				(67.5	)

Noninterest Income and Noninterest Expense (Unaudited)
Citizens Banking Corporation and Subsidiaries

		Three Months Ended
		Dec 31				Sep 30				Jun 30				Mar 31				Dec 31
(in thousands)		2005				2005				2005				2005				2004
NONINTEREST INCOME:
Service charges on deposit accounts		$	8,957			$	9,343			$	8,822			$	8,287			$	8,814
Trust fees			4,989				4,541				4,503				4,412				4,794
Mortgage and other loan income			2,099				2,450				2,074				2,360				2,562
Brokerage and investment fees			1,946				1,974				2,284				1,599				1,733
ATM network user fees			1,065				1,194				1,223				873				844
Bankcard fees			1,027				976				961				840				897
Fair value change in CD swap derivative			(3,604	)			—				—				—				—
Other income			3,451				3,463				3,242				4,084				4,000
Total fees and other income			19,930				23,941				23,109				22,455				23,644
Investment securities gains (losses)			(8,970	)			—				37				6				10
TOTAL NONINTEREST INCOME		$	10,960			$	23,941			$	23,146			$	22,461			$	23,654
NONINTEREST EXPENSE:
Salaries and employee benefits		$	32,391			$	34,060			$	32,351			$	33,351			$	31,320
Occupancy			5,631				5,255				5,685				5,560				5,077
Professional services			4,837				4,517				3,726				4,199				3,911
Equipment			3,263				3,133				4,937				3,301				3,575
Data processing services			3,744				3,188				3,499				3,369				3,074
Advertising and public relations			2,570				1,717				1,820				1,746				2,907
Postage and delivery			1,591				1,512				1,520				1,590				1,600
Telephone			1,333				1,242				1,465				1,441				1,502
Other loan expenses			686				720				874				375				840
Stationery and supplies			844				726				602				919				1,046
Intangible asset amortization			725				725				724				725				725
Other expense			3,286				3,755				3,787				4,025				5,540
TOTAL NONINTEREST EXPENSE		$	60,901			$	60,550			$	60,990			$	60,601			$	61,117

Average Balances, Yields and Rates

		Three Months Ended
		December 31, 2005								September 30, 2005								December 31, 2004
		Average				Average				Average				Average				Average				Average
(in thousands)		Balance				Rate (1)				Balance				Rate (1)				Balance(2)				Rate(1)(2)
Earning Assets
Money market investments		$	1,688				3.09				2,691				2.30				1,904				0.85
Investment securities (3):
Taxable			1,271,730				4.40				1,381,469				4.30				1,446,836				4.07
Tax-exempt			436,445				7.52				428,534				7.34				421,523				7.52
Mortgage loans held for sale			29,545				5.48				40,836				5.18				25,242				5.48
Loans (4):
Commercial			1,636,024				6.70				1,622,724				6.36				1,598,030				5.42
Commercial real estate			1,389,810				6.62				1,352,733				6.43				1,229,568				5.96
Residential mortgage loans			534,840				5.64				520,861				5.54				498,807				5.59
Direct consumer			1,158,271				6.89				1,178,476				6.46				1,151,932				5.68
Indirect consumer			855,945				6.62				856,207				6.58				833,599				6.63
Total portfolio loans			5,574,890				6.61				5,531,001				6.36				5,311,936				5.81
Total earning assets			7,314,298				6.27				7,384,531				6.02				7,207,441				5.56
Nonearning Assets
Cash and due from banks			165,562								158,631								162,170
Bank premises and equipment			121,197								121,142								118,217
Investment security fair value adjustment			(3,159	)							8,321								30,414
Other nonearning assets			274,197								267,861								266,123
Allowance for loan losses			(118,215	)							(119,695	)							(122,934	)
Total assets		$	7,753,880							$	7,820,791							$	7,661,431
Interest-Bearing Liabilities
Deposits:
Interest-bearing demand		$	904,447				0.64			$	1,016,366				0.67			$	1,183,322				0.77
Savings deposits			1,414,788				1.84				1,471,878				1.55				1,534,662				1.03
Time deposits			2,036,321				3.52				1,810,928				3.16				1,608,388				2.52
Short-term borrowings			740,423				3.79				900,520				3.40				729,610				2.08
Long-term debt			957,596				4.02				942,624				3.92				946,588				3.54
Total interest-bearing liabilities			6,053,575				2.81				6,142,316				2.51				6,002,570				1.90
Noninterest-Bearing Liabilities and Shareholders’ Equity
Noninterest-bearing demand			949,795								939,668								931,622
Other liabilities			96,857								83,671								77,766
Shareholders’ equity			653,653								655,136								649,473
Total liabilities and shareholders’ equity			7,753,880							$	7,820,791							$	7,661,431
Interest Spread							3.46	%							3.51	%							3.66	%
Contribution of noninterest bearing sources of funds							0.49								0.42								0.31
Net Interest Income as a Percent of Earning Assets							3.95	%							3.93	%							3.97	%

Average Balances, Yields and Rates

		Twelve Months Ended December 31,
		2005								2004
		Average				Average				Average				Average
(in thousands)		Balance				Rate (1)				Balance (2)				Rate (1)(2)
Earning Assets
Money market investments			2,348				2.38				2,095				0.57
Investment securities (3):
Taxable			1,380,868				4.24				1,511,515				4.07
Tax-exempt			426,811				7.49				424,280				7.58
Mortgage loans held for sale			35,061				5.42				32,645				5.51
Loans (4):
Commercial			1,628,625				6.15				1,613,919				5.18
Commercial real estate			1,338,870				6.36				1,255,490				5.88
Residential mortgage loans			513,385				5.57				489,951				5.73
Direct consumer			1,171,567				6.38				1,108,036				5.61
Indirect consumer			840,833				6.59				791,907				6.72
Total portfolio loans			5,493,280				6.27				5,259,303				5.72
Total earning assets			7,338,368				5.95				7,229,838				5.48
Nonearning Assets
Cash and due from banks			158,826								163,646
Bank premises and equipment			121,277								117,334
Investment security fair value adjustment			9,801								29,822
Other nonearning assets			269,471								268,681
Allowance for loan losses			(119,925	)							(124,487	)
Total assets		$	7,777,818							$	7,684,834
Interest-Bearing Liabilities
Deposits:
Interest-bearing demand		$	1,035,579				0.67			$	1,281,635				0.75
Savings deposits			1,505,604				1.47				1,425,369				0.77
Time deposits			1,814,154				3.09				1,753,387				2.50
Short-term borrowings			812,642				3.19				655,472				1.46
Long-term debt			938,478				3.88				936,049				3.59
Total interest-bearing liabilities			6,106,457				2.42				6,051,912				1.78
Noninterest-Bearing Liabilities and Shareholders’ Equity
Noninterest-bearing demand			931,053								914,906
Other liabilities			87,304								78,385
Shareholders’ equity			653,004								639,631
Total liabilities and shareholders’ equity		$	7,777,818							$	7,684,834
Interest Spread							3.53	%							3.70	%
Contribution of noninterest bearing sources of funds							0.41								0.29
Net Interest Income as a Percent of Earning Assets							3.94	%							3.99	%