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
Mar. 31, 2012
Mar. 31, 2011
Interest income:    
Interest and fees on loans $ 23,325 $ 18,621
Taxable securities 1,337 1,542
Nontaxable securities 782 714
Federal funds sold 53 36
Other interest and dividends 74 48
Total interest income 25,571 20,961
Interest expense:    
Deposits 3,122 3,134
Borrowed funds 711 851
Total interest expense 3,833 3,985
Net interest income 21,738 16,976
Provision for loan losses 2,383 2,231
Net interest income after provision for loan losses 19,355 14,745
Noninterest income:    
Service charges on deposit accounts 601 567
Mortgage banking 972 351
Securities gains   143
Other operating income 696 210
Total noninterest income 2,269 1,271
Noninterest expenses:    
Salaries and employee benefits 5,165 4,214
Equipment and occupancy expense 935 886
Professional services 332 240
FDIC and other regulatory assessments 390 750
OREO expense 137 254
Other operating expenses 2,072 2,253
Total noninterest expenses 9,031 8,597
Income before income taxes 12,593 7,419
Provision for income taxes 4,337 2,548
Net income 8,256 4,871
Preferred stock dividends 100  
Net income available to common stockholders $ 8,156 $ 4,871
Basic earnings per common share $ 1.37 $ 0.88
Diluted earnings per common share $ 1.20 $ 0.77