Quarterly report pursuant to Section 13 or 15(d)

CONSOLIDATED BALANCE SHEETS

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CONSOLIDATED BALANCE SHEETS (USD $)
In Thousands
Sep. 30, 2011
Dec. 31, 2010
ASSETS    
Cash and due from banks $ 35,624 $ 27,454
Interest-bearing balances due from depository institutions 57,739 204,178
Federal funds sold 91,315 346
Cash and cash equivalents 184,678 231,978
Available for sale debt securities, at fair value 296,826 276,959
Held to maturity debt securities (fair value of $16,141 and $4,963 at September 30, 2011 and December 31, 2010, respectively) 15,355 5,234
Restricted equity securities 3,708 3,510
Mortgage loans held for sale 9,114 7,875
Loans 1,695,476 1,394,818
Less allowance for loan losses (21,466) (18,077)
Loans, net 1,674,010 1,376,741
Premises and equipment, net 4,499 4,450
Accrued interest and dividends receivable 7,529 6,990
Deferred tax assets 4,889 6,366
Other real estate owned 10,044 6,966
Bank owned life insurance contracts 40,000  
Other assets 6,678 8,097
Total assets 2,257,330 1,935,166
Deposits:    
Noninterest-bearing 382,095 250,490
Interest-bearing 1,629,186 1,508,226
Total deposits 2,011,281 1,758,716
Federal funds purchased 16,400  
Other borrowings 4,949 24,937
Trust preferred securities 30,514 30,420
Accrued interest payable 1,043 898
Other liabilities 3,670 3,095
Total liabilities Total liabilities 2,067,857 1,818,066
Stockholders' equity:    
Common stock, par value $.001 per share; 15,000,000 shares authorized; 5,890,482 shares issued and outstanding at September 30, 2011 and 5,527,482 shares issued and outstanding at December 31, 2010 6 6
Additional paid-in capital 87,043 75,914
Retained earnings 55,095 38,343
Accumulated other comprehensive income 7,371 2,837
Total stockholders' equity 189,473 117,100
Total liabilities and shareholders' equity 2,257,330 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