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
Jun. 30, 2013
Dec. 31, 2012
ASSETS    
Cash and due from banks $ 60,251 $ 58,031
Interest-bearing balances due from depository institutions 129,767 119,423
Federal funds sold 2,590 3,291
Cash and cash equivalents 192,608 180,745
Available for sale debt securities, at fair value 227,770 233,877
Held to maturity debt securities (fair value of $33,292 and $27,350 at June 30, 2013 and December 31, 2012, respectively) 33,808 25,967
Restricted equity securities 3,738 3,941
Mortgage loans held for sale 16,374 25,826
Loans 2,590,192 2,363,182
Less allowance for loan losses (28,757) (26,258)
Loans, net 2,561,435 2,336,924
Premises and equipment, net 8,756 8,847
Accrued interest and dividends receivable 9,101 9,158
Deferred tax assets 10,383 7,386
Other real estate owned 9,071 9,685
Bank owned life insurance contracts 57,969 57,014
Other assets 9,613 6,944
Total assets 3,140,626 2,906,314
Deposits:    
Noninterest-bearing 562,196 545,174
Interest-bearing 2,112,781 1,966,398
Total deposits 2,674,977 2,511,572
Federal funds purchased 175,475 117,065
Other borrowings 19,924 19,917
Subordinated debentures 0 15,050
Accrued interest payable 905 942
Other liabilities 4,156 8,511
Total liabilities 2,875,437 2,673,057
Stockholders' equity:    
Common stock, par value $.001 per share; 50,000,000 shares authorized; 6,974,312 shares issued and outstanding at June 30, 2013 and 6,268,812 shares issued and outstanding at December 31, 2012 7 6
Additional paid-in capital 109,874 93,505
Retained earnings 111,217 92,492
Accumulated other comprehensive income 4,133 7,296
Total stockholders' equity 265,189 233,257
Total liabilities and stockholders' equity 3,140,626 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