Reportable Segments (Tables)

9 Months Ended

Sep. 30, 2020

Segment Reporting [Abstract]

Schedule of Financial Information for Each Reportable Segment

The Company’s reportable segments represent the distinct product lines the Company offers and are viewed separately for strategic planning purposes by management. The three segments include Commercial and Retail Banking, Mortgage Banking, and Corporate. The following schedule presents financial information for each reportable segment.

	Three months ended									Three months ended
	September 30, 2020									September 30, 2019
	Commercial									Commercial
	and Retail			Mortgage			Elimin-		Consol-	and Retail		Mortgage			Elimin-		Consol-
(dollars in thousands)	Banking			Banking	Corporate		ations		idated	Banking		Banking	Corporate		ation		idated
Interest income	$	23,102		313	3		(3	)	23,415		23,830	226	4		(4	)	24,056
Interest expense		2,396		-	385		(3	)	2,778		6,628	-	153		(4	)	6,777
Net interest income (loss)		20,706		313	(382	)	-		20,637		17,202	226	(149	)	-		17,279
Provision for loan losses		11,100		-	-		-		11,100		650	-	-		-		650
Noninterest income		1,307		6,277	-		-		7,584		1,341	3,055	-		-		4,396
Noninterest expense		11,445		2,666	72		-		14,183		9,529	1,895	60		-		11,484
Net income (loss) before taxes		(532	)	3,924	(454	)	-		2,938		8,364	1,386	(209	)	-		9,541
Income tax provision (benefit)		(128	)	944	(95	)	-		721		1,882	291	(44	)	-		2,129
Net income (loss)	$	(404	)	2,980	(359	)	-		2,217		6,482	1,095	(165	)	-		7,412
Total assets	$	2,411,966		66,915	254,721		(254,191	)	2,479,411		2,187,449	13,765	234,845		(234,433	)	2,201,626

24

	Nine months ended								Nine months ended
	September 30, 2020								September 30, 2019
	Commercial								Commercial
	and Retail		Mortgage			Elimin-		Consol-	and Retail		Mortgage			Elimin-		Consol-
(dollars in thousands)	Banking		Banking	Corporate		ations		idated	Banking		Banking	Corporate		ation		idated
Interest income	$	70,480	791	13		(13	)	71,271		68,283	473	9		(9	)	68,756
Interest expense		11,452	-	1,325		(13	)	12,764		18,649	-	480		(9	)	19,120
Net interest income (loss)		59,028	791	(1,312	)	-		58,507		49,634	473	(471	)	-		49,636
Provision for loan losses		27,300	-	-		-		27,300		1,250	-	-		-		1,250
Noninterest income		5,987	14,721	-		-		20,708		3,739	7,741	-		-		11,480
Noninterest expense		32,134	6,841	223		-		39,198		28,604	4,716	180		-		33,500
Net income before taxes		5,581	8,671	(1,535	)	-		12,717		23,519	3,498	(651	)	-		26,366
Income tax provision (benefit)		1,491	1,821	(322	)	-		2,990		5,107	735	(137	)	-		5,705
Net income (loss)	$	4,090	6,850	(1,213	)	-		9,727		18,412	2,763	(514	)	-		20,661
Total assets	$	2,411,966	66,915	254,721		(254,191	)	2,479,411		2,187,449	13,765	234,845		(234,433	)	2,201,626