XML 62 R2.htm IDEA: XBRL DOCUMENT v2.4.0.6
Consolidated Balance Sheets (USD $)
Dec. 31, 2012
Dec. 31, 2011
Cash and due from banks $ 7,439,000 $ 5,374,000
Federal funds sold 7,852,000 21,785,000
Interest bearing deposits with banks and other short-term investments 324,043,000 205,252,000
Investment securities available for sale, at fair value 299,820,000 313,811,000
Federal Reserve and Federal Home Loan Bank stock 10,694,000 10,242,000
Loans held for sale 226,923,000 176,826,000
Loans 2,493,095,000 2,056,256,000
Less allowance for credit losses (37,492,000) (29,653,000)
Loans, net 2,455,603,000 2,026,603,000
Premises and equipment, net 15,261,000 12,320,000
Deferred income taxes 19,128,000 14,673,000
Bank owned life insurance 14,135,000 13,743,000
Intangible assets, net 3,785,000 4,145,000
Other real estate owned 5,299,000 3,225,000
Other assets 19,459,000 23,256,000
Total Assets 3,409,441,000 2,831,255,000
Liabilities    
Noninterest bearing demand 881,390,000 688,506,000
Interest bearing transaction 113,813,000 80,105,000
Savings and money market 1,374,869,000 1,068,370,000
Time, $100,000 or more 232,875,000 332,470,000
Other time 294,275,000 222,644,000
Total deposits 2,897,222,000 2,392,095,000
Customer repurchase agreements 101,338,000 103,362,000
Long-term borrowings 39,300,000 49,300,000
Other liabilities 21,605,000 19,787,000
Total Liabilities 3,059,465,000 2,564,544,000
Shareholders' Equity    
Common stock, par value $.01 per share; shares authorized 50,000,000, shares issued and outstanding 22,954,889 and 19,952,844, respectively 226,000 197,000
Warrant 946,000 946,000
Additional paid in capital 180,593,000 132,670,000
Retained earnings 106,146,000 71,423,000
Accumulated other comprehensive income 5,465,000 4,875,000
Total Shareholders' Equity 349,976,000 266,711,000
Total Liabilities and Shareholders' Equity 3,409,441,000 2,831,255,000
Series B Preferred Stock [Member]
   
Shareholders' Equity    
Preferred stock, par value $.01 per share, shares authorized 1,000,000, Series B, $1,000 per share liquidation preference, shares issued and outstanding 56,600 at December 31, 2012 and 2011. $ 56,600,000 $ 56,600,000