Quarterly report pursuant to Section 13 or 15(d)

CONSOLIDATED BALANCE SHEETS

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CONSOLIDATED BALANCE SHEETS (USD $)
In Thousands, unless otherwise specified
Jun. 30, 2012
Dec. 31, 2011
ASSETS    
Cash and due from banks $ 42,332 $ 43,018
Interest-bearing balances due from depository institutions 29,002 99,350
Federal funds sold 84,468 100,565
Cash and cash equivalents 155,802 242,933
Available for sale debt securities, at fair value 296,508 293,809
Held to maturity debt securities (fair value of $22,193 and $15,999 at June 30, 2012 and December 31, 2011, respectively) 21,011 15,209
Restricted equity securities 4,018 3,501
Mortgage loans held for sale 15,000 17,859
Loans 2,022,589 1,830,742
Less allowance for loan losses (23,239) (22,030)
Loans, net 1,999,350 1,808,712
Premises and equipment, net 6,032 4,591
Accrued interest and dividends receivable 8,057 8,192
Deferred tax assets 5,738 4,914
Other real estate owned 9,834 12,275
Bank owned life insurance contracts 41,165 40,390
Other assets 7,728 8,400
Total assets 2,570,243 2,460,785
Deposits:    
Noninterest-bearing 467,344 418,810
Interest-bearing 1,773,558 1,725,077
Total deposits 2,240,902 2,143,887
Federal funds purchased 80,205 79,265
Other borrowings   4,954
Trust preferred securities 30,514 30,514
Accrued interest payable 935 945
Other liabilities 2,819 4,928
Total liabilities 2,355,375 2,264,493
Stockholders' equity:    
Common stock, par value $.001 per share; 15,000,000 shares authorized; 6,004,318 shares issued and outstanding at June 30, 2012 and 5,932,182 shares issued and outstanding at December 31, 2011 6 6
Additional paid-in capital 89,324 87,805
Retained earnings 77,968 61,581
Accumulated other comprehensive income 7,612 6,942
Total stockholders' equity 214,868 196,292
Total liabilities and stockholders' equity 2,570,243 2,460,785
Series A Preferred Stock
    
Stockholders' equity:    
Preferred stock, net of discount 39,958 39,958
Preferred Stock
    
Stockholders' equity:    
Preferred stock