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
Mar. 31, 2013
Dec. 31, 2012
ASSETS    
Cash and due from banks $ 33,844 $ 58,031
Interest-bearing balances due from depository institutions 11,914 119,423
Federal funds sold 1,545 3,291
Cash and cash equivalents 47,303 180,745
Available for sale debt securities, at fair value 229,434 233,877
Held to maturity debt securities (fair value of $33,692 and $27,350 at March 31, 2013 and December 31, 2012, respectively) 32,669 25,967
Restricted equity securities 3,738 3,941
Mortgage loans held for sale 15,804 25,826
Loans 2,462,154 2,363,182
Less allowance for loan losses (27,679) (26,258)
Loans, net 2,434,475 2,336,924
Premises and equipment, net 8,845 8,847
Accrued interest and dividends receivable 9,154 9,158
Deferred tax assets 8,384 7,386
Other real estate owned 8,076 9,685
Bank owned life insurance contracts 57,485 57,014
Other assets 6,391 6,944
Total assets 2,861,758 2,906,314
Deposits    
Noninterest-bearing 507,647 545,174
Interest-bearing 1,915,887 1,966,398
Total deposits 2,423,534 2,511,572
Federal funds purchased 153,930 117,065
Other borrowings 19,916 19,917
Subordinated debentures 0 15,050
Accrued interest payable 1,154 942
Other liabilities 5,677 8,511
Total liabilities 2,604,211 2,673,057
Stockholders' equity:    
Common stock, par value $.001 per share; 50,000,000 shares authorized; 6,897,812 shares issued and outstanding at March 31, 2013 and 6,268,812 shares issued and outstanding at December 31, 2012 7 6
Additional paid-in capital 109,022 93,505
Retained earnings 101,631 92,492
Accumulated other comprehensive income 6,929 7,296
Total stockholders' equity 257,547 233,257
Total liabilities and shareholders' equity 2,861,758 2,906,314
Series A Preferred Stock [Member]
    
Stockholders' equity:    
Preferred stock 39,958 39,958
Undesignated Preferred Stock [Member]
    
Stockholders' equity:    
Preferred stock $ 0 $ 0