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 9 Months Ended
Sep. 30, 2013
Sep. 30, 2012
Sep. 30, 2013
Sep. 30, 2012
Interest income:        
Interest and fees on loans $ 30,475 $ 25,609 $ 86,667 $ 73,372
Taxable securities 980 1,189 2,851 3,828
Nontaxable securities 858 827 2,537 2,423
Federal funds sold 44 50 77 145
Other interest and dividends 142 68 224 200
Total interest income 32,499 27,743 92,356 79,968
Interest expense:        
Deposits 3,131 3,079 8,628 9,229
Borrowed funds 403 616 1,381 2,048
Total interest expense 3,534 3,695 10,009 11,277
Net interest income 28,965 24,048 82,347 68,691
Provision for loan losses 3,034 1,185 10,652 6,651
Net interest income after provision for loan losses 25,931 22,863 71,695 62,040
Noninterest income:        
Service charges on deposit accounts 823 666 2,391 1,986
Mortgage banking 402 865 2,154 2,701
Securities gains 0 0 131 0
Increase in cash surrender value life insurance 491 386 1,446 1,161
Other operating income 553 443 1,517 1,209
Total noninterest income 2,269 2,360 7,639 7,057
Noninterest expenses:        
Salaries and employee benefits 7,048 5,697 19,783 16,110
Equipment and occupancy expense 1,272 988 3,852 2,884
Professional services 443 322 1,329 960
FDIC and other regulatory assessments 405 409 1,263 1,155
OREO expense 357 1,159 951 1,832
Other operating expenses 2,542 2,696 8,013 7,256
Total noninterest expenses 12,067 11,271 35,191 30,197
Income before income taxes 16,133 13,952 44,143 38,900
Provision for income taxes 5,321 4,650 14,394 13,011
Net income 10,812 9,302 29,749 25,889
Preferred stock dividends 100 100 300 300
Net income available to common stockholders $ 10,712 $ 9,202 $ 29,449 $ 25,589
Basic earnings per common share $ 1.53 $ 1.53 $ 4.35 $ 4.28
Diluted earnings per common share $ 1.46 $ 1.35 $ 4.10 $ 3.75