Segment Reporting (Tables)

6 Months Ended

Jun. 30, 2020

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 and six-month periods ended June 30, 2020 and June 30, 2019 are as follows:

Three Months Ended June 30, 2020	Commercial & Retail Banking		Mortgage Banking		Financial Holding Company		Intercompany Eliminations		Consolidated
(Dollars in thousands)
Interest income	$	19,182	$	3,538	$	1	$	(947)	$	21,774
Interest expense	3,027		1,517		23		(1,251)		3,316
Net interest income	16,155		2,021		(22)		304		18,458
Provision for loan losses	6,598		(2)		—		—		6,596
Net interest income after provision for loan losses	9,557		2,023		(22)		304		11,862
Noninterest Income:
Mortgage fee income	40		15,208		—		(304)		14,944
Other income	17,792		13,354		1,679		(2,256)		30,569
Total noninterest income	17,832		28,562		1,679		(2,560)		45,513
Noninterest Expenses:
Salaries and employee benefits	6,170		13,584		2,905		—		22,659
Other expense	9,124		2,315		1,491		(2,256)		10,674
Total noninterest expenses	15,294		15,899		4,396		(2,256)		33,333
Income (loss) before income taxes	12,095		14,686		(2,739)		—		24,042
Income tax expense (benefit)	2,880		3,800		(672)		—		6,008
Net income (loss)	$	9,215	$	10,886	$	(2,067)	$	—	$	18,034
Preferred stock dividends	—		—		115		—		115
Net income (loss) available to common shareholders	$	9,215	$	10,886	$	(2,182)	$	—	$	17,919
Capital Expenditures for the three-month period ended June 30, 2020	$	1,105	$	30	$	—	$	—	$	1,135
Total Assets as of June 30, 2020	2,219,352		342,497		232,026		(578,718)		2,215,157
Total Assets as of December 31, 2019	1,953,975		248,382		216,411		(474,654)		1,944,114
Goodwill as of June 30, 2020	2,350		16,882		—		—		19,232
Goodwill as of December 31, 2019	2,748		16,882		—		—		19,630

Three Months Ended June 30, 2019	Commercial & Retail Banking		Mortgage Banking		Financial Holding Company		Intercompany Eliminations		Consolidated
(Dollars in thousands)
Interest income	$	18,820	$	2,032	$	1	$	(383)	$	20,470
Interest expense	4,743		1,499		287		(588)		5,941
Net interest income	14,077		533		(286)		205		14,529
Provision for loan losses	625		(25)		—		—		600
Net interest income after provision for loan losses	13,452		558		(286)		205		13,929
Noninterest income:
Mortgage fee income	277		9,792		—		(205)		9,864
Other income	15,464		1,135		1,495		(1,571)		16,523
Total noninterest income	15,741		10,927		1,495		(1,776)		26,387
Noninterest Expense:
Salaries and employee benefits	4,220		7,038		2,022		—		13,280
Other expense	5,493		1,842		1,346		(1,571)		7,110
Total noninterest expenses	9,713		8,880		3,368		(1,571)		20,390
Income (loss) before income taxes	19,480		2,605		(2,159)		—		19,926
Income tax expense (benefit)	4,785		703		(493)		—		4,995
Net income (loss) from continuing operations	14,695		1,902		(1,666)		—		14,931
Income from discontinued operations, before income taxes	—		—		600		—		600
Income tax expense - discontinued operations	—		—		154		—		154
Net income from discontinued operations	—		—		446		—		446
Net income (loss)	$	14,695	$	1,902	$	(1,220)	$	—	$	15,377
Preferred stock dividends	—		—		122		—		122
Net income (loss) available to common shareholders	$	14,695	$	1,902	$	(1,342)	$	—	$	15,255
Capital Expenditures for the three-month period ended June 30, 2019	$	414	$	23	$	77	$	—	$	514
Total Assets as of June 30, 2019	1,831,419		225,012		217,217		(440,630)		1,833,018
Total Assets as of December 31, 2018	1,753,932		165,430		196,537		(364,930)		1,750,969
Goodwill as of June 30, 2019	1,598		16,882		—		—		18,480
Goodwill as of December 31, 2018	1,598		16,882		—		—		18,480

Six Months Ended June 30, 2020	Commercial & Retail Banking		Mortgage Banking		Financial Holding Company		Intercompany Eliminations		Consolidated
(Dollars in thousands)
Interest income	$	37,956	$	5,956	$	2	$	(1,441)	$	42,473
Interest expense	6,865		2,904		58		(1,983)		7,844
Net interest income	31,091		3,052		(56)		542		34,629
Provision for loan losses	7,730		4		—		—		7,734
Net interest income after provision for loan losses	23,361		3,048		(56)		542		26,895
Noninterest Income:
Mortgage fee income	150		26,555		—		(542)		26,163
Other income	21,138		9,792		3,183		(3,913)		30,200
Total noninterest income	21,288		36,347		3,183		(4,455)		56,363
Noninterest Expenses:
Salaries and employee benefits	12,036		21,468		5,337		—		38,841
Other expense	15,783		4,712		2,566		(3,913)		19,148
Total noninterest expenses	27,819		26,180		7,903		(3,913)		57,989
Income (loss) before income taxes	16,830		13,215		(4,776)		—		25,269
Income tax expense (benefit)	3,892		3,451		(1,156)		—		6,187
Net income (loss)	$	12,938	$	9,764	$	(3,620)	$	—	$	19,082
Preferred stock dividends	—		—		229		—		229
Net income (loss) available to common shareholders	$	12,938	$	9,764	$	(3,849)	$	—	$	18,853
Capital Expenditures for the six-month period ended June 30, 2020	$	2,400	$	99	$	20	$	—	$	2,519
Total Assets as of June 30, 2020	2,219,352		342,497		232,026		(578,718)		2,215,157
Total Assets as of December 31, 2019	1,953,975		248,382		216,411		(474,654)		1,944,114
Goodwill as of June 30, 2020	2,350		16,882		—		—		19,232
Goodwill as of December 31, 2019	2,748		16,882		—		—		19,630

Six Months Ended June 30, 2019	Commercial & Retail Banking		Mortgage Banking		Financial Holding Company		Intercompany Eliminations		Consolidated
(Dollars in thousands)
Interest income	$	37,147	$	3,570	$	3	$	(627)	$	40,093
Interest expense	9,497		2,492		572		(969)		11,592
Net interest income	27,650		1,078		(569)		342		28,501
Provision for loan losses	872		28		—		—		900
Net interest income after provision for loan losses	26,778		1,050		(569)		342		27,601
Noninterest Income:
Mortgage fee income	386		16,489		—		(341)		16,534
Other income	17,030		1,611		3,274		(3,297)		18,618
Total noninterest income	17,416		18,100		3,274		(3,638)		35,152
Noninterest Expenses:
Salaries and employee benefits	8,615		12,197		4,202		—		25,014
Other expense	10,845		3,867		2,408		(3,296)		13,824
Total noninterest expenses	19,460		16,064		6,610		(3,296)		38,838
Income (loss) before income taxes	24,734		3,086		(3,905)		—		23,915
Income tax expense (benefit)	5,839		849		(896)		—		5,792
Net income (loss) from continuing operations	18,895		2,237		(3,009)		—		18,123
Income from discontinued operations, before income taxes	—		—		600		—		600
Income tax expense - discontinued operations	—		—		154		—		154
Net income from discontinued operations	—		—		446		—		446
Net income (loss)	$	18,895	$	2,237	$	(2,563)	$	—	$	18,569
Preferred stock dividends	—		—		243		—		243
Net income (loss) available to common shareholders	$	18,895	$	2,237	$	(2,806)	$	—	$	18,326
Capital Expenditures for the three-month period ended June 30, 2019	$	503	$	27	$	99	$	—	$	629
Total Assets as of June 30, 2019	1,831,419		225,012		217,217		(440,630)		1,833,018
Total Assets as of December 31, 2018	1,753,932		165,430		196,537		(364,930)		1,750,969
Goodwill as of June 30, 2019	1,598		16,882		—		—		18,480
Goodwill as of December 31, 2018	1,598		16,882		—		—		18,480