Quarterly report pursuant to Section 13 or 15(d)

CONSOLIDATED STATEMENTS OF INCOME

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CONSOLIDATED STATEMENTS OF INCOME (USD $)
In Thousands, except Per Share data, unless otherwise specified
 3 Months Ended 6 Months Ended
Jun. 30, 2013
Jun. 30, 2012
Jun. 30, 2013
Jun. 30, 2012
Interest income:        
Interest and fees on loans $ 28,874 $ 24,438 $ 56,192 $ 47,763
Taxable securities 908 1,302 1,856 2,639
Nontaxable securities 847 814 1,679 1,596
Federal funds sold 17 42 33 95
Other interest and dividends 46 58 97 132
Total interest income 30,692 26,654 59,857 52,225
Interest expense:        
Deposits 2,784 3,028 5,497 6,150
Borrowed funds 427 721 978 1,432
Total interest expense 3,211 3,749 6,475 7,582
Net interest income 27,481 22,905 53,382 44,643
Provision for loan losses 3,334 3,083 7,618 5,466
Net interest income after provision for loan losses 24,147 19,822 45,764 39,177
Noninterest income:        
Service charges on deposit accounts 806 719 1,568 1,320
Mortgage banking 787 879 1,752 1,836
Securities gains 8 0 131 0
Increase in cash surrender value life insurance 485 385 955 775
Other operating income 487 445 964 766
Total noninterest income 2,573 2,428 5,370 4,697
Noninterest expenses:        
Salaries and employee benefits 7,056 5,248 12,735 10,413
Equipment and occupancy expense 1,469 961 2,580 1,896
Professional services 425 306 886 638
FDIC and other regulatory assessments 426 356 858 746
OREO expense 204 536 594 673
Other operating expenses 2,792 2,488 5,471 4,560
Total noninterest expenses 12,372 9,895 23,124 18,926
Income before income taxes 14,348 12,355 28,010 24,948
Provision for income taxes 4,662 4,024 9,073 8,361
Net income 9,686 8,331 18,937 16,587
Preferred stock dividends 100 100 200 200
Net income available to common stockholders $ 9,586 $ 8,231 $ 18,737 $ 16,387
Basic earnings per common share $ 1.38 $ 1.38 $ 2.83 $ 2.74
Diluted earnings per common share $ 1.33 $ 1.21 $ 2.64 $ 2.41