SEGMENT REPORTING (Tables)

12 Months Ended

Dec. 31, 2019

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, 2019, 2018, and 2017 are as follows:


	2019
(Dollars in thousands)	Commercial & Retail Banking		Mortgage Banking		Financial Holding Company		Intercompany Eliminations		Consolidated
Interest income	$	75,874	$	8,342	$	13	$	(1,868)	$	82,361
Interest expense	18,698		6,014		769		(2,520)		22,961
Net interest income	57,176		2,328		(756)		652		59,400
Provision for loan losses	1,622		167		—		—		1,789
Net interest income after provision for loan losses	55,554		2,161		(756)		652		57,611

Noninterest Income:
Mortgage fee income	657		41,040		—		(652)		41,045
Other income	23,033		1,289		6,268		(7,031)		23,559
Total noninterest income	23,690		42,329		6,268		(7,683)		64,604

Noninterest Expenses:
Salaries and employee benefits	19,067		28,432		8,676		—		56,175
Other expense	25,070		8,136		4,851		(7,031)		31,026
Total noninterest expenses	44,137		36,568		13,527		(7,031)		87,201

Income (loss) from continuing operations, before income taxes	35,107		7,922		(8,015)		—		35,014
Income tax expense (benefit) - continuing operations	8,175		2,155		(1,880)		—		8,450
Net income (loss) from continuing operations	26,932		5,767		(6,135)		—		26,564
Income from discontinued operations	—		—		575		—		575
Income tax expense - discontinued operations	—		—		148		—		148
Net income from discontinued operations	—		—		427		—		427
Net income (loss)	$	26,932	$	5,767	$	(5,708)	$	—	$	26,991
Preferred stock dividends	—		—		479		—		479
Net income (loss) available to common shareholders	$	26,932	$	5,767	$	(6,187)	$	—	$	26,512

Capital Expenditures for the year ended December 31, 2019	$	1,438	$	112	$	492	$	—	$	2,042
Total Assets as of December 31, 2019	1,953,975		248,382		216,411		(474,654)		1,944,114
Goodwill as of December 31, 2019	2,748		16,882		—		—		19,630


	2018
(Dollars in thousands)	Commercial & Retail Banking		Mortgage Banking		Financial Holding Company		Intercompany Eliminations		Consolidated
Interest income	$	63,762	$	6,667	$	5	$	(674)	$	69,760
Interest expense	13,667		4,085		1,756		(1,802)		17,706
Net interest income	50,095		2,582		(1,751)		1,128		52,054
Provision for loan losses	2,386		54		—		—		2,440
Net interest income after provision for loan losses	47,709		2,528		(1,751)		1,128		49,614

Noninterest Income:
Mortgage fee income	585		32,880		—		(1,128)		32,337
Other income	6,479		(243)		6,411		(6,344)		6,303
Total noninterest income	7,064		32,637		6,411		(7,472)		38,640

Noninterest Expenses:
Salaries and employee benefits	14,924		23,927		7,373		—		46,224
Other expense	20,081		8,608		4,309		(6,344)		26,654
Total noninterest expenses	35,005		32,535		11,682		(6,344)		72,878

Income (loss) before income taxes	19,768		2,630		(7,022)		—		15,376
Income tax expense (benefit)	4,265		677		(1,569)		—		3,373
Net income (loss)	$	15,503	$	1,953	$	(5,453)	$	—	$	12,003
Preferred stock dividends	—		—		489		—		489
Net income (loss) available to common shareholders	$	15,503	$	1,953	$	(5,942)	$	—	$	11,514

Capital Expenditures for the year ended December 31, 2018	$	2,284	$	272	$	137	$	—	$	2,693
Total Assets as of December 31, 2018	1,753,932		165,430		196,537		(364,930)		1,750,969
Goodwill as of December 31, 2018	1,598		16,882		—		—		18,480


	2017
(Dollars in thousands)	Commercial & Retail Banking		Mortgage Banking		Financial Holding Company		Intercompany Eliminations		Consolidated
Interest income	$	52,423	$	4,698	$	4	$	(527)	$	56,598
Interest expense	9,118		2,317		2,241		(1,375)		12,301
Net interest income	43,305		2,381		(2,237)		848		44,297
Provision for loan losses	1,967		206		—		—		2,173
Net interest income after provision for loan losses	41,338		2,175		(2,237)		848		42,124

Noninterest Income:
Mortgage fee income	736		37,262		—		(849)		37,149
Other income	5,866		(2,372)		5,466		(5,403)		3,557
Total noninterest income	6,602		34,890		5,466		(6,252)		40,706

Noninterest Expenses:
Salaries and employee benefits	12,266		26,196		5,646		—		44,108
Other expense	19,523		8,188		4,085		(5,404)		26,392
Total noninterest expenses	31,789		34,384		9,731		(5,404)		70,500

Income (loss) before income taxes	16,151		2,681		(6,502)		—		12,330
Income tax expense (benefit)	5,820		1,082		(2,147)		—		4,755
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		184,674		(333,192)		1,534,302
Goodwill as of December 31, 2017	1,598		16,882		—		—		18,480