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 9 Months Ended
Sep. 30, 2014
Sep. 30, 2013
Sep. 30, 2014
Sep. 30, 2013
Interest income:        
Interest and fees on loans $ 34,662 $ 30,475 $ 100,164 $ 86,667
Taxable securities 1,131 980 3,354 2,851
Nontaxable securities 877 858 2,618 2,537
Federal funds sold 38 44 118 77
Other interest and dividends 149 142 308 224
Total interest income 36,857 32,499 106,562 92,356
Interest expense:        
Deposits 3,123 3,131 9,164 8,628
Borrowed funds 415 403 1,252 1,381
Total interest expense 3,538 3,534 10,416 10,009
Net interest income 33,319 28,965 96,146 82,347
Provision for loan losses 2,748 3,034 7,500 10,652
Net interest income after provision for loan losses 30,571 25,931 88,646 71,695
Noninterest income:        
Service charges on deposit accounts 1,172 823 3,097 2,391
Mortgage banking 582 402 1,540 2,154
Securities gains 3 0 3 131
Increase in cash surrender value life insurance 549 491 1,631 1,446
Other operating income 700 553 1,848 1,517
Total noninterest income 3,006 2,269 8,119 7,639
Noninterest expenses:        
Salaries and employee benefits 7,890 7,048 24,685 19,783
Equipment and occupancy expense 1,437 1,272 4,212 3,852
Professional services 829 443 1,877 1,329
FDIC and other regulatory assessments 533 405 1,578 1,263
OREO expense 220 357 1,005 951
Other operating expenses 4,406 2,542 11,098 8,013
Total noninterest expenses 15,315 12,067 44,455 35,191
Income before income taxes 18,262 16,133 52,310 44,143
Provision for income taxes 4,260 5,321 14,965 14,394
Net income 14,002 10,812 37,345 29,749
Preferred stock dividends 100 100 316 300
Net income available to common stockholders $ 13,902 $ 10,712 $ 37,029 $ 29,449
Basic earnings per common share $ 0.56 $ 0.51 $ 1.57 $ 1.45
Diluted earnings per common share $ 0.54 $ 0.49 $ 1.51 $ 1.37