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, 2012
Dec. 31, 2011
ASSETS    
Cash and due from banks $ 37,819 $ 43,018
Interest-bearing balances due from depository institutions 99,762 99,350
Federal funds sold 90,892 100,565
Cash and cash equivalents 228,473 242,933
Available for sale debt securities, at fair value 296,224 293,809
Held to maturity debt securities (fair value of $17,156 and $15,999 at March 31, 2012 and December 31, 2011, respectively) 16,214 15,209
Restricted equity securities 4,288 3,501
Mortgage loans held for sale 12,611 17,859
Loans 1,918,636 1,830,742
Less allowance for loan losses (23,662) (22,030)
Loans, net 1,894,974 1,808,712
Premises and equipment, net 4,435 4,591
Accrued interest and dividends receivable 7,975 8,192
Deferred tax assets 6,185 4,914
Other real estate owned 11,637 12,275
Bank owned life insurance contracts 40,780 40,390
Other assets 7,688 8,400
Total assets 2,531,484 2,460,785
Deposits:    
Noninterest-bearing 432,418 418,810
Interest-bearing 1,756,958 1,725,077
Total deposits 2,189,376 2,143,887
Federal funds purchased 93,385 79,265
Other borrowings 4,958 4,954
Trust preferred securities 30,514 30,514
Accrued interest payable 1,016 945
Other liabilities 6,851 4,928
Total liabilities 2,326,100 2,264,493
Stockholders' equity:    
Common stock, par value $.001 per share; 15,000,000 shares authorized; 5,965,182 shares issued and outstanding at March 31, 2012 and 5,932,182 shares issued and outstanding at December 31, 2011 6 6
Additional paid-in capital 88,525 87,805
Retained earnings 69,737 61,581
Accumulated other comprehensive income 7,158 6,942
Total stockholders' equity 205,384 196,292
Total liabilities and shareholders' equity 2,531,484 2,460,785
Preferred stock, Series A Senior Non-Cumulative Perpetual
    
Stockholders' equity:    
Preferred stock $ 39,958 $ 39,958