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SEGMENT REPORTING (Tables)
12 Months Ended
Dec. 31, 2017
Segment Reporting [Abstract]  
Information About the Reportable Segments and Reconciliation to the Consolidated Financial Statements
Information about the reportable segments and reconciliation to the consolidated financial statements for the years ended December 31, 2017, 2016, and 2015 are as follows:
 
 
2017
(Dollars in thousands)
 
Commercial & Retail Banking
 
Mortgage Banking
 
Financial Holding Company
 
Intercompany Eliminations
 
Consolidated
Revenues:
 
 
 
 
 
 
 
 
 
 
Interest income
 
$
52,423

 
$
4,698

 
$
4

 
$
(527
)
 
$
56,598

Mortgage fee income
 
736

 
37,262

 

 
(849
)
 
37,149

Insurance and investment services income
 
563

 

 

 

 
563

Other income
 
5,303

 
(2,372
)
 
5,466

 
(5,403
)
 
2,994

     Total operating income
 
59,025

 
39,588

 
5,470

 
(6,779
)
 
97,304

Expenses:
 
 
 
 
 
 
 
 
 
 
Interest expense
 
9,118

 
2,317

 
2,241

 
(1,375
)
 
12,301

Salaries and employee benefits
 
12,266

 
26,196

 
5,646

 

 
44,108

Provision for loan losses
 
1,967

 
206

 

 

 
2,173

Other expense
 
19,523

 
8,188

 
4,085

 
(5,404
)
 
26,392

     Total operating expenses
 
42,874

 
36,907

 
11,972

 
(6,779
)
 
84,974

Income (loss) from continuing operations, before income taxes
 
16,151

 
2,681

 
(6,502
)
 

 
12,330

Income tax expense (benefit) - continuing operations
 
5,820

 
1,082

 
(2,147
)
 

 
4,755

Net income (loss) from continuing operations
 
10,331

 
1,599

 
(4,355
)
 

 
7,575

Income (loss) from discontinued operations
 

 

 

 

 

Income tax expense (benefit) - discontinued operations
 

 

 

 

 

Net income (loss) from discontinued operations
 

 

 

 

 

Net income (loss)
 
$
10,331

 
$
1,599

 
$
(4,355
)
 
$

 
$
7,575

Preferred stock dividends
 

 

 
498

 

 
498

Net income (loss) available to common shareholders
 
$
10,331

 
$
1,599

 
$
(4,853
)
 
$

 
$
7,077

 
 
 
 
 
 
 
 
 
 
 
Capital Expenditures for the year ended December 31, 2017
 
$
3,226

 
$
1,187

 
$
83

 
$

 
$
4,496

Total Assets as of December 31, 2017
 
1,533,497

 
149,323

 
184,600

 
(333,118
)
 
1,534,302

Goodwill as of December 31, 2017
 
1,598

 
16,882

 

 

 
18,480



 
 
2016
(Dollars in thousands)
 
Commercial & Retail Banking
 
Mortgage Banking
 
Financial Holding Company
 
Insurance
 
Intercompany Eliminations
 
Consolidated
Revenues:
 
 
 
 
 
 
 
 
 
 
 
 
Interest income
 
$
50,413

 
$
4,285

 
$
3

 
$

 
$
(578
)
 
$
54,123

Mortgage fee income
 
(252
)
 
36,960

 

 

 
(1,035
)
 
35,673

Insurance and investment services income
 
420

 

 

 

 

 
420

Other income
 
5,485

 
1,674

 
5,247

 

 
(5,294
)
 
7,112

     Total operating income
 
56,066

 
42,919

 
5,250

 

 
(6,907
)
 
97,328

Expenses:
 
 
 
 
 
 
 
 
 
 
 
 
Interest expense
 
8,437

 
2,082

 
2,226

 

 
(1,613
)
 
11,132

Salaries and employee benefits
 
11,592

 
27,696

 
5,937

 

 

 
45,225

Provision for loan losses
 
3,632

 

 

 

 

 
3,632

Other expense
 
18,009

 
8,125

 
3,144

 

 
(5,294
)
 
23,984

     Total operating expenses
 
41,670

 
37,903

 
11,307

 

 
(6,907
)
 
83,973

Income (loss) from continuing operations, before income taxes
 
14,396

 
5,016

 
(6,057
)
 

 

 
13,355

Income tax expense (benefit) - continuing operations
 
4,496

 
1,954

 
(2,072
)
 

 

 
4,378

Net income (loss) from continuing operations
 
9,900

 
3,062

 
(3,985
)
 

 

 
8,977

Income (loss) from discontinued operations
 

 

 
6,926

 
(580
)
 

 
6,346

Income tax expense (benefit) - discontinued operations
 

 

 
2,629

 
(218
)
 

 
2,411

Net income (loss) from discontinued operations
 

 

 
4,297

 
(362
)
 

 
3,935

Net income (loss)
 
$
9,900

 
$
3,062

 
$
312

 
$
(362
)
 
$

 
$
12,912

Preferred stock dividends
 

 

 
1,128

 

 

 
1,128

Net income (loss) available to common shareholders
 
$
9,900

 
$
3,062

 
$
(816
)
 
$
(362
)
 
$

 
$
11,784

 
 
 
 
 
 
 
 
 
 
 
 
 
Capital Expenditures for the year ended December 31, 2016
 
$
1,145

 
$
220

 
$
303

 
$

 
$

 
$
1,668

Total Assets as of December 31, 2016
 
1,415,735

 
122,242

 
180,340

 

 
(299,513
)
 
1,418,804

Goodwill as of December 31, 2016
 
1,598

 
16,882

 

 

 

 
18,480

 
 
2015
(Dollars in thousands)
 
Commercial & Retail Banking
 
Mortgage Banking
 
Financial Holding Company
 
Insurance
 
Intercompany Eliminations
 
Consolidated
Revenues:
 
 
 
 
 
 
 
 
 
 
 
 
Interest income
 
$
40,524

 
$
3,882

 
$
2

 
$

 
$
(308
)
 
$
44,100

Mortgage fee income
 
7

 
30,560

 

 

 
(1,095
)
 
29,472

Insurance and investment services income
 
338

 

 

 

 

 
338

Other income
 
3,721

 
1,673

 
4,331

 

 
(4,580
)
 
5,145

     Total operating income
 
44,590

 
36,115

 
4,333

 

 
(5,983
)
 
79,055

Expenses:
 
 
 
 
 
 
 
 
 
 
 
 
Interest expense
 
6,776

 
1,647

 
2,204

 

 
(1,402
)
 
9,225

Salaries and employee benefits
 
11,049

 
20,774

 
4,250

 

 

 
36,073

Provision for loan losses
 
2,493

 

 

 

 

 
2,493

Other expense
 
16,132

 
7,471

 
2,534

 

 
(4,362
)
 
21,775

     Total operating expenses
 
36,450

 
29,892

 
8,988

 

 
(5,764
)
 
69,566

Income (loss) from continuing operations, before income taxes
 
8,140

 
6,223

 
(4,655
)
 

 
(219
)
 
9,489

Income tax expense (benefit) - continuing operations
 
2,176

 
2,394

 
(1,597
)
 

 
(87
)
 
2,886

Net income (loss) from continuing operations
 
5,964

 
3,829

 
(3,058
)
 

 
(132
)
 
6,603

Income (loss) from discontinued operations
 

 

 

 
134

 
219

 
353

Income tax expense (benefit) - discontinued operations
 

 

 

 
53

 
87

 
140

Net income (loss) from discontinued operations
 

 

 

 
81

 
132

 
213

Net income (loss)
 
$
5,964

 
$
3,829

 
$
(3,058
)
 
$
81

 
$

 
$
6,816

Preferred stock dividends
 

 

 
575

 

 

 
575

Net income (loss) available to common shareholders
 
$
5,964

 
$
3,829

 
$
(3,633
)
 
$
81

 
$

 
$
6,241

 
 
 
 
 
 
 
 
 
 
 
 
 
Capital Expenditures for the year ended December 31, 2015
 
$
1,174

 
$
354

 
$
616

 
$
9

 
$

 
$
2,153

Total Assets as of December 31, 2015
 
1,378,988

 
125,227

 
148,509

 
5,017

 
(273,265
)
 
1,384,476

Goodwill as of December 31, 2015
 
1,598

 
16,882

 

 

 

 
18,480