Annual report pursuant to Section 13 and 15(d)

CONSOLIDATED BALANCE SHEETS

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CONSOLIDATED BALANCE SHEETS (USD $)
In Thousands, unless otherwise specified
Dec. 31, 2012
Dec. 31, 2011
ASSETS    
Cash and due from banks $ 58,031 $ 43,018
Interest-bearing balances due from depository institutions 119,423 99,350
Federal funds sold 3,291 100,565
Cash and cash equivalents 180,745 242,933
Available for sale debt securities, at fair value 233,877 293,809
Held to maturity debt securities (fair value of $27,350 and $15,999 at December 31, 2012 and 2011, respectively) 25,967 15,209
Restricted equity securities 3,941 3,501
Mortgage loans held for sale 25,826 17,859
Loans 2,363,182 1,830,742
Less allowance for loan losses (26,258) (22,030)
Loans, net 2,336,924 1,808,712
Premises and equipment, net 8,847 4,591
Accrued interest and dividends receivable 9,158 8,192
Deferred tax asset, net 7,386 4,914
Other real estate owned 9,685 12,275
Bank owned life insurance contracts 57,014 40,390
Other assets 6,944 8,400
Total assets 2,906,314 2,460,785
Deposits:    
Noninterest-bearing 545,174 418,810
Interest-bearing 1,966,398 1,725,077
Total deposits 2,511,572 2,143,887
Federal funds purchased 117,065 79,265
Other borrowings 19,917 4,954
Subordinated debentures 15,050 30,514
Accrued interest payable 942 945
Other liabilities 8,511 4,928
Total liabilities 2,673,057 2,264,493
Stockholders' equity:    
Preferred stock 0 0
Common stock, par value $0.001 per share; 50,000,000 shares authorized; 6,268,812 shares issued and outstanding at December 31, 2012 and 5,932,182 shares issued and outstanding at December 31, 2011 6 6
Additional paid-in capital 93,505 87,805
Retained earnings 92,492 61,581
Accumulated other comprehensive income 7,296 6,942
Total stockholders' equity 233,257 196,292
Total liabilities and stockholders' equity 2,906,314 2,460,785
Series A Preferred Stock [Member]
    
Stockholders' equity:    
Preferred stock $ 39,958 $ 39,958