Quarterly report pursuant to Section 13 or 15(d)

CONSOLIDATED BALANCE SHEETS

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CONSOLIDATED BALANCE SHEETS (USD $)
In Thousands
Jun. 30, 2011
Dec. 31, 2010
ASSETS    
Cash and due from banks $ 27,963 $ 27,454
Interest-bearing balances due from depository institutions 74,951 204,178
Federal funds sold 94,541 346
Cash and cash equivalents 197,455 231,978
Debt securities:    
Available for sale 230,671 276,959
Held to maturity 13,895 5,234
Restricted equity securities 3,899 3,510
Mortgage loans held for sale 4,092 7,875
Loans 1,560,974 1,394,818
Less allowance for loan losses (19,516) (18,077)
Loans, net 1,541,458 1,376,741
Premises and equipment, net 4,673 4,450
Accrued interest and dividends receivable 6,847 6,990
Deferred tax assets 7,338 6,366
Other real estate owned 6,931 6,966
Other assets 7,338 8,097
Total assets Total assets 2,024,597 1,935,166
Deposits:    
Noninterest-bearing 283,968 250,490
Interest-bearing 1,519,906 1,508,226
Total deposits 1,803,874 1,758,716
Other borrowings 4,945 24,937
Trust preferred securities 30,490 30,420
Accrued interest payable 983 898
Other liabilities 3,104 3,095
Total liabilities Total liabilities 1,843,396 1,818,066
Stockholders' equity:    
Common stock, par value $.001 per share; 15,000,000 shares authorized; 5,872,482 shares issued and outstanding at June 30, 2011 and 5,527,482 shares issued and outstanding at December 31, 2010 6 6
Additional paid-in capital 86,591 75,914
Retained earnings 49,059 38,343
Accumulated other comprehensive income 5,587 2,837
Total stockholders' equity 181,201 117,100
Total liabilities and shareholders' equity Total liabilities and stockholders' equity 2,024,597 1,935,166
Preferred stock, Series A Senior Non-Cumulative Perpetual Participating
    
Stockholders' equity:    
Preferred stock, net of discount 39,958  
Preferred stock, Series B
    
Stockholders' equity:    
Preferred stock