Annual report pursuant to Section 13 and 15(d)

CONSOLIDATED STATEMENTS OF INCOME

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CONSOLIDATED STATEMENTS OF INCOME (USD $)
In Thousands, except Per Share data, unless otherwise specified
 12 Months Ended
Dec. 31, 2012
Dec. 31, 2011
Dec. 31, 2010
Interest income:      
Interest and fees on loans $ 100,462 $ 82,294 $ 69,115
Taxable securities 4,814 5,721 6,482
Nontaxable securities 3,246 2,943 2,274
Federal funds sold 196 176 104
Other interest and dividends 305 277 171
Total interest income 109,023 91,411 78,146
Interest expense:      
Deposits 12,249 13,047 11,941
Borrowed funds 2,652 3,033 3,319
Total interest expense 14,901 16,080 15,260
Net interest income 94,122 75,331 62,886
Provision for loan losses 9,100 8,972 10,350
Net interest income after provision for loan losses 85,022 66,359 52,536
Noninterest income:      
Service charges on deposit accounts 2,756 2,290 2,316
Mortgage banking 3,560 2,373 2,174
Securities gains 0 666 108
Increase in cash surrender value life insurance 1,624 390 0
Other operating income 1,703 1,207 571
Total noninterest income 9,643 6,926 5,169
Noninterest expenses:      
Salaries and employee benefits 22,587 19,518 14,669
Equipment and occupancy expense 4,014 3,697 3,184
Professional services 1,455 1,213 925
FDIC and other regulatory assessments 1,595 1,796 2,944
Other real estate owned expense 2,727 820 1,964
Other operating expenses 10,722 10,414 7,283
Total noninterest expenses 43,100 37,458 30,969
Income before income taxes 51,565 35,827 26,736
Provision for income taxes 17,120 12,389 9,358
Net income 34,445 23,438 17,378
Dividends on preferred stock 400 200 0
Net income available to common stockholders $ 34,045 $ 23,238 $ 17,378
Basic earnings per common share $ 5.68 $ 4.03 $ 3.15
Diluted earnings per common share $ 4.99 $ 3.53 $ 2.84