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, 2014
Jun. 30, 2013
Jun. 30, 2014
Jun. 30, 2013
Interest income:        
Interest and fees on loans $ 33,250 $ 28,874 $ 65,502 $ 56,192
Taxable securities 1,126 908 2,223 1,856
Nontaxable securities 870 847 1,741 1,679
Federal funds sold 38 17 80 33
Other interest and dividends 140 46 159 97
Total interest income 35,424 30,692 69,705 59,857
Interest expense:        
Deposits 3,027 2,784 6,041 5,497
Borrowed funds 419 427 837 978
Total interest expense 3,446 3,211 6,878 6,475
Net interest income 31,978 27,481 62,827 53,382
Provision for loan losses 2,438 3,334 4,752 7,618
Net interest income after provision for loan losses 29,540 24,147 58,075 45,764
Noninterest income:        
Service charges on deposit accounts 1,057 806 1,925 1,568
Mortgage banking 674 787 958 1,752
Securities gains 0 8 0 131
Increase in cash surrender value life insurance 546 485 1,082 955
Other operating income 661 487 1,148 964
Total noninterest income 2,938 2,573 5,113 5,370
Noninterest expenses:        
Salaries and employee benefits 9,098 7,056 16,795 12,735
Equipment and occupancy expense 1,409 1,469 2,775 2,580
Professional services 532 425 1,048 886
FDIC and other regulatory assessments 528 426 1,045 858
OREO expense 298 204 785 594
Other operating expenses 3,552 2,792 6,692 5,471
Total noninterest expenses 15,417 12,372 29,140 23,124
Income before income taxes 17,061 14,348 34,048 28,010
Provision for income taxes 5,476 4,662 10,705 9,073
Net income 11,585 9,686 23,343 18,937
Preferred stock dividends 116 100 216 200
Net income available to common stockholders $ 11,469 $ 9,586 $ 23,127 $ 18,737
Basic earnings per common share $ 0.49 $ 0.46 $ 1.01 $ 0.94
Diluted earnings per common share $ 0.46 $ 0.44 $ 0.97 $ 0.88