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, 2014
Dec. 31, 2013
ASSETS    
Cash and due from banks $ 77,542 $ 61,370
Interest-bearing balances due from depository institutions 134,415 188,411
Federal funds sold 10,535 8,634
Cash and cash equivalents 222,492 258,415
Available for sale debt securities, at fair value 277,501 266,220
Held to maturity debt securities (fair value of $31,559 and $31,315 at March 31, 2014 and December 31, 2013, respectively) 31,974 32,274
Restricted equity securities 3,738 3,738
Mortgage loans held for sale 6,704 8,134
Loans 2,937,797 2,858,868
Less allowance for loan losses (31,728) (30,663)
Loans, net 2,906,069 2,828,205
Premises and equipment, net 8,015 8,351
Accrued interest and dividends receivable 10,370 10,262
Deferred tax assets 11,935 11,018
Other real estate owned and repossessed assets 9,752 12,861
Bank owned life insurance contracts 69,544 69,008
Other assets 14,820 12,213
Total assets 3,572,914 3,520,699
Deposits    
Noninterest-bearing 662,834 650,456
Interest-bearing 2,368,207 2,369,186
Total deposits 3,031,041 3,019,642
Federal funds purchased 195,762 174,380
Other borrowings 19,949 19,940
Accrued interest payable 2,121 769
Other liabilities 11,758 8,776
Total liabilities 3,260,631 3,223,507
Stockholders' equity:    
Common stock, par value $.001 per share; 50,000,000 shares authorized; 7,524,812 shares issued and outstanding at March 31, 2014 and 7,350,012 shares issued and outstanding at December 31, 2013 8 7
Additional paid-in capital 127,218 123,325
Retained earnings 140,538 130,011
Accumulated other comprehensive income 4,309 3,891
Noncontrolling interest 252 0
Total stockholders' equity 312,283 297,192
Total liabilities and stockholders' equity 3,572,914 3,520,699
Series A Preferred Stock [Member]
    
Stockholders' equity:    
Preferred stock 39,958 39,958
Undesignated Preferred Stock [Member]
    
Stockholders' equity:    
Preferred stock $ 0 $ 0