Annual report pursuant to Section 13 and 15(d)

CONSOLIDATED BALANCE SHEETS

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CONSOLIDATED BALANCE SHEETS (USD $)
In Thousands, unless otherwise specified
Dec. 31, 2013
Dec. 31, 2012
ASSETS    
Cash and due from banks $ 61,370 $ 58,031
Interest-bearing balances due from depository institutions 188,411 119,423
Federal funds sold 8,634 3,291
Cash and cash equivalents 258,415 180,745
Available for sale debt securities, at fair value 266,220 233,877
Held to maturity debt securities (fair value of $31,315 and $27,350 at December 31, 2013 and 2012, respectively) 32,274 25,967
Restricted equity securities 3,738 3,941
Mortgage loans held for sale 8,134 25,826
Loans 2,858,868 2,363,182
Less allowance for loan losses (30,663) (26,258)
Loans, net 2,828,205 2,336,924
Premises and equipment, net 8,351 8,847
Accrued interest and dividends receivable 10,262 9,158
Deferred tax asset, net 11,018 7,386
Other real estate owned 12,861 9,685
Bank owned life insurance contracts 69,008 57,014
Other assets 12,213 6,944
Total assets 3,520,699 2,906,314
Deposits:    
Noninterest-bearing 650,456 545,174
Interest-bearing 2,369,186 1,966,398
Total deposits 3,019,642 2,511,572
Federal funds purchased 174,380 117,065
Other borrowings 19,940 19,917
Subordinated debentures 0 15,050
Accrued interest payable 769 942
Other liabilities 8,776 8,511
Total liabilities 3,223,507 2,673,057
Stockholders' equity:    
Common stock, par value $0.001 per share; 50,000,000 shares authorized; 7,350,012 shares issued and outstanding at December 31, 2013 and 6,268,812 shares issued and outstanding at December 31, 2012 7 6
Additional paid-in capital 123,325 93,505
Retained earnings 130,011 92,492
Accumulated other comprehensive income 3,891 7,296
Total stockholders' equity 297,192 233,257
Total liabilities and stockholders' equity 3,520,699 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