Segment Reporting (Tables)

9 Months Ended

Sep. 30, 2019

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 three month periods ended September 30, 2019 and September 30, 2018 are as follows:

Three Months Ended September 30, 2019	Commercial & Retail Banking		Mortgage Banking		Financial Holding Company		Intercompany Eliminations		Consolidated
(Dollars in thousands)
Interest income	$	19,299	$	2,288	$	9	$	(558)	$	21,038
Interest expense	4,806		1,811		156		(769)		6,004
Net interest income	14,493		477		(147)		211		15,034
Provision for loan losses	625		32		—		—		657
Net interest income after provision for loan losses	13,868		445		(147)		211		14,377
Noninterest Income:
Mortgage fee income	121		11,587		—		(212)		11,496
Other income	2,138		1,112		1,516		(1,566)		3,200
Total noninterest income	2,259		12,699		1,516		(1,778)		14,696
Noninterest Expenses:
Salaries and employee benefits	4,820		8,318		2,300		—		15,438
Other expense	6,113		2,142		1,254		(1,567)		7,942
Total noninterest expenses	10,933		10,460		3,554		(1,567)		23,380
Income (loss) from continuing operations, before income taxes	5,194		2,684		(2,185)		—		5,693
Income tax expense (benefit) - continuing operations	1,130		725		(508)		—		1,347
Net income (loss) from continuing operations	4,064		1,959		(1,677)		—		4,346
Income (loss) from discontinued operations, before income taxes	—		—		(25)		—		(25)
Income tax expense (benefit) - discontinued operations	—		—		(6)		—		(6)
Net income (loss) from discontinued operations	—		—		(19)		—		(19)
Net income (loss)	$	4,064	$	1,959	$	(1,696)	$	—	$	4,327
Preferred stock dividends	—		—		121		—		121
Net income (loss) available to common shareholders	$	4,064	$	1,959	$	(1,817)	$	—	$	4,206
Capital Expenditures for the three month period ended September 30, 2019	$	412	$	56	$	37	$	—	$	505
Total Assets as of September 30, 2019	1,959,817		272,007		210,715		(480,587)		1,961,952
Total Assets as of December 31, 2018	1,753,932		165,430		196,537		(364,930)		1,750,969
Goodwill as of September 30, 2019	2,748		16,882		—		—		19,630
Goodwill as of December 31, 2018	1,598		16,882		—		—		18,480

Three Months Ended September 30, 2018	Commercial & Retail Banking		Mortgage Banking		Financial Holding Company		Intercompany Eliminations		Consolidated
(Dollars in thousands)
Interest income	$	16,506	$	1,763	$	1	$	(94)	$	18,176
Interest expense	3,664		1,138		333		(483)		4,652
Net interest income	12,842		625		(332)		389		13,524
Provision for loan losses	1,025		44		—		—		1,069
Net interest income after provision for loan losses	11,817		581		(332)		389		12,455
Noninterest income:
Mortgage fee income	152		9,246		—		(390)		9,008
Other income	2,203		(738)		1,706		(1,668)		1,503
Total noninterest income	2,355		8,508		1,706		(2,058)		10,511
Noninterest Expense:
Salaries and employee benefits	3,493		6,047		1,980		—		11,520
Other expense	5,274		2,147		1,145		(1,669)		6,897
Total noninterest expenses	8,767		8,194		3,125		(1,669)		18,417
Income (loss) from continuing operations, before income taxes	5,405		895		(1,751)		—		4,549
Income tax expense (benefit) - continuing operations	1,121		229		(380)		—		970
Net income (loss) from continuing operations	4,284		666		(1,371)		—		3,579
Income from discontinued operations, before income taxes	—		—		—		—		—
Income tax expense - discontinued operations	—		—		—		—		—
Net income from discontinued operations	—		—		—		—		—
Net income (loss)	$	4,284	$	666	$	(1,371)	$	—	$	3,579
Preferred stock dividends	—		—		123		—		123
Net income (loss) available to common shareholders	$	4,284	$	666	$	(1,494)	$	—	$	3,456
Capital Expenditures for the three month period ended September 30, 2018	$	808	$	128	$	65	$	—	$	1,001
Total Assets as of September 30, 2018	1,722,542		170,931		191,033		(361,402)		1,723,104
Total Assets as of December 31, 2017	1,531,496		149,323		184,599		(331,116)		1,534,302
Goodwill as of September 30, 2018	1,598		16,882		—		—		18,480
Goodwill as of December 31, 2017	1,598		16,882		—		—		18,480

Nine Months Ended September 30, 2019	Commercial & Retail Banking		Mortgage Banking		Financial Holding Company		Intercompany Eliminations		Consolidated
(Dollars in thousands)
Interest income	$	56,446	$	5,858	$	12	$	(1,185)	$	61,131
Interest expense	14,303		4,303		728		(1,738)		17,596
Net interest income	42,143		1,555		(716)		553		43,535
Provision for loan losses	1,497		60		—		—		1,557
Net interest income after provision for loan losses	40,646		1,495		(716)		553		41,978
Noninterest Income:
Mortgage fee income	507		28,076		—		(553)		28,030
Other income	19,168		2,723		4,790		(4,863)		21,818
Total noninterest income	19,675		30,799		4,790		(5,416)		49,848
Noninterest Expenses:
Salaries and employee benefits	13,435		20,515		6,502		—		40,452
Other expense	16,958		6,009		3,662		(4,863)		21,766
Total noninterest expenses	30,393		26,524		10,164		(4,863)		62,218
Income (loss) from continuing operations, before income taxes	29,928		5,770		(6,090)		—		29,608
Income tax expense (benefit) - continuing operations	6,969		1,574		(1,404)		—		7,139
Net income (loss) from continuing operations	22,959		4,196		(4,686)		—		22,469
Income (loss) from discontinued operations, before income taxes	—		—		575		—		575
Income tax expense (benefit) - discontinued operations	—		—		148		—		148
Net income (loss) from discontinued operations	—		—		427		—		427
Net income (loss)	$	22,959	$	4,196	$	(4,259)	$	—	$	22,896
Preferred stock dividends	—		—		364		—		364
Net income (loss) available to common shareholders	$	22,959	$	4,196	$	(4,623)	$	—	$	22,532
Capital Expenditures for the nine month period ended September 30, 2019	$	915	$	83	$	136	$	—	$	1,134
Total Assets as of September 30, 2019	1,959,817		272,007		210,715		(480,587)		1,961,952
Total Assets as of December 31, 2018	1,753,932		165,430		196,537		(364,930)		1,750,969
Goodwill as of September 30, 2019	2,748		16,882		—		—		19,630
Goodwill as of December 31, 2018	1,598		16,882		—		—		18,480

Nine Months Ended September 30, 2018	Commercial & Retail Banking		Mortgage Banking		Financial Holding Company		Intercompany Eliminations		Consolidated
(Dollars in thousands)
Interest income	$	45,772	$	4,870	$	3	$	(471)	$	50,174
Interest expense	9,503		2,945		1,433		(1,351)		12,530
Net interest income	36,269		1,925		(1,430)		880		37,644
Provision for loan losses	2,067		81		—		—		2,148
Net interest income after provision for loan losses	34,202		1,844		(1,430)		880		35,496
Noninterest Income:
Mortgage fee income	444		25,071		—		(881)		24,634
Other income	5,052		485		4,748		(4,574)		5,711
Total noninterest income	5,496		25,556		4,748		(5,455)		30,345
Noninterest Expenses:
Salaries and employee benefits	10,946		18,289		5,252		—		34,487
Other expense	14,803		6,566		3,124		(4,575)		19,918
Total noninterest expenses	25,749		24,855		8,376		(4,575)		54,405
Income (loss) from continuing operations, before income taxes	13,949		2,545		(5,058)		—		11,436
Income tax expense (benefit) - continuing operations	2,932		654		(1,154)		—		2,432
Net income (loss) from continuing operations	11,017		1,891		(3,904)		—		9,004
Income from discontinued operations, before income taxes	—		—		—		—		—
Income tax expense - discontinued operations	—		—		—		—		—
Net income from discontinued operations	—		—		—		—		—
Net income (loss)	$	11,017	$	1,891	$	(3,904)	$	—	$	9,004
Preferred stock dividends	—		—		366		—		366
Net income (loss) available to common shareholders	$	11,017	$	1,891	$	(4,270)	$	—	$	8,638
Capital Expenditures for the three month period ended September 30, 2018	$	1,820	$	235	$	109	$	—	$	2,164
Total Assets as of September 30, 2018	1,722,542		170,931		191,033		(361,402)		1,723,104
Total Assets as of December 31, 2017	1,531,496		149,323		184,599		(331,116)		1,534,302
Goodwill as of September 30, 2018	1,598		16,882		—		—		18,480
Goodwill as of December 31, 2017	1,598		16,882		—		—		18,480