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CONSOLIDATED STATEMENTS OF INCOME AND COMPREHENSIVE INCOME - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2019
Mar. 31, 2018
Interest and dividend income:    
Interest and fees on loans $ 27,974 $ 25,905
Interest and dividends on taxable securities 1,425 1,482
Interest and dividends on tax exempt securities 156 159
Interest and dividends on other earning assets 746 467
Interest on federal funds sold 2 7
Total interest and dividend income 30,303 28,020
Interest expense:    
Interest on deposits 7,462 3,270
Interest on repurchase agreements 23 22
Interest on junior subordinated debt 150 128
Interest on senior subordinated notes 712 711
Interest on other borrowings 1,004 1,389
Total interest expense 9,351 5,520
Net interest income 20,952 22,500
Provision for loan losses 200 1,600
Net interest income after provision for loan losses 20,752 20,900
Noninterest income:    
Account maintenance and deposit service fees 1,687 1,408
Income from bank-owned life insurance 523 307
Equity gain (loss) from mortgage affiliate 18 (317)
Recoveries related to acquired charged-off loans and investment securities 591 1,483
Other 243 198
Total noninterest income 3,062 3,079
Noninterest expenses:    
Salaries and benefits 5,812 6,772
Occupancy expenses 1,803 1,650
Furniture and equipment expenses 710 797
Amortization of core deposit intangible 363 362
Virginia franchise tax expense 563 364
FDIC assessment   335
Data processing expense 512 466
Telephone and communication expense 375 594
Net (gain) loss on other real estate owned (2) 200
Other operating expenses 6,154 2,079
Total noninterest expenses 16,290 13,619
Income before income taxes 7,524 10,360
Income tax expense 1,504 2,101
Net income 6,020 8,259
Other comprehensive income (loss):    
Unrealized gain (loss) on available for sale securities 1,084 (1,876)
Accretion of amounts previously recorded upon transfer to held to maturity from available for sale 3 4
Net unrealized gain (loss) 1,087 (1,872)
Tax effect 229 (394)
Other comprehensive income (loss) 858 (1,478)
Comprehensive income $ 6,878 $ 6,781
Earnings per share, basic (in dollars per share) $ 0.25 $ 0.34
Earnings per share, diluted (in dollars per share) $ 0.25 $ 0.34