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Consolidated Statements of Income (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Interest Income    
Interest and fees on loans and loans held for sale $ 15,359 $ 14,977
Interest on investment securities available for sale 1,622 1,632
Dividends on marketable equity securities 102 107
Dividends on Federal Home Loan Bank stock 20 19
Interest on deposits in other banks 236 143
Total Interest Income 17,339 16,878
Interest Expense    
Interest expense on deposits 1,484 938
Interest expense on securities sold under agreements to repurchase 0 22
Interest expense on securities sold under agreements to repurchase 71 57
Interest expense on junior subordinated debentures 94 92
Total Interest Expense 1,649 1,109
Net Interest Income 15,690 15,769
Provision for loan losses 2,060 750
Net Interest Income After Provision for Loan Losses 13,630 15,019
Other Operating Income    
Mortgage banking income 4,665 4,298
Purchased receivable income 921 809
Gain on sale of marketable equity securities, net 98 0
Gain on sale of investment securities available for sale, net 0 23
Unrealized (loss) gain on marketable equity securities (871) 534
Other income 615 806
Total Other Operating Income 6,433 7,533
Other Operating Expense    
Salaries and other personnel expense 12,256 11,302
Data processing expense 1,769 1,679
Occupancy expense 1,657 1,771
Professional and outside services 608 556
Marketing expense 583 419
Insurance expense 312 258
Intangible asset amortization expense 12 15
OREO (income), net rental income and gains on sale (36) (320)
Other operating expense 1,626 1,400
Total Other Operating Expense 18,787 17,080
Income Before Provision for Income Taxes 1,276 5,472
Provision for income taxes 243 1,160
Net Income $ 1,033 $ 4,312
Earnings Per Share, Basic (in USD per share) $ 0.16 $ 0.63
Earnings Per Share, Diluted (in USD per share) $ 0.16 $ 0.62
Weighted Average Shares Outstanding, Basic (in shares) 6,467,630 6,879,619
Weighted Average Shares Outstanding, Diluted (in shares) 6,560,593 6,981,951
Bankcard fees    
Other Operating Income    
Other operating income $ 643 $ 650
Service charges on deposit accounts    
Other Operating Income    
Other operating income $ 362 $ 413