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
Sep. 30, 2012
Dec. 31, 2011
ASSETS    
Cash and due from banks $ 40,312 $ 43,018
Interest-bearing balances due from depository institutions 204,361 99,350
Federal funds sold 10,672 100,565
Cash and cash equivalents 255,345 242,933
Available for sale debt securities, at fair value 236,582 293,809
Held to maturity debt securities (fair value of $22,193 and $15,999 at June 30, 2012 and December 31, 2011, respectively) 20,791 15,209
Restricted equity securities 3,941 3,501
Mortgage loans held for sale 28,558 17,859
Loans 2,161,130 1,830,742
Less: Allowance for loan losses (24,604) (22,030)
Loans, net 2,136,526 1,808,712
Premises and equipment, net 5,875 4,591
Accrued interest and dividends receivable 9,188 8,192
Deferred tax assets 6,289 4,914
Other real estate owned 9,641 12,275
Bank owned life insurance contracts 41,551 40,390
Other assets 8,947 8,400
Total assets 2,763,234 2,460,785
Deposits:    
Noninterest-bearing 512,962 418,810
Interest-bearing 1,896,559 1,725,077
Total deposits 2,409,521 2,143,887
Federal funds purchased 91,317 79,265
Other borrowings 0 4,954
Trust preferred securities 30,514 30,514
Accrued interest payable 867 945
Other liabilities 6,009 4,928
Total liabilities 2,538,228 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 89,614 87,805
Retained earnings 87,170 61,581
Accumulated other comprehensive income 8,258 6,942
Total stockholders' equity 225,006 196,292
Total liabilities and stockholders' equity 2,763,234 2,460,785
Series A Preferred Stock [Member]
    
Stockholders' equity:    
Preferred stock 39,958 39,958
Undesignated Preferred Stock [Member]
    
Stockholders' equity:    
Preferred stock $ 0 $ 0