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CONSOLIDATED STATEMENTS OF INCOME AND COMPREHENSIVE INCOME - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Interest and dividend income:    
Interest and fees on loans $ 26,741 $ 27,974
Interest and dividends on taxable securities 1,244 1,425
Interest and dividends on tax exempt securities 117 156
Interest and dividends on other earning assets 379 748
Total interest and dividend income 28,481 30,303
Interest expense:    
Interest on deposits 6,503 7,462
Interest on repurchase agreements 19 23
Interest on junior subordinated debt 139 150
Interest on senior subordinated notes 712 712
Interest on other borrowings 593 1,004
Total interest expense 7,966 9,351
Net interest income 20,515 20,952
Provision for loan losses 3,450 200
Net interest income after provision for loan losses 17,065 20,752
Noninterest income:    
Account maintenance and deposit service fees 1,698 1,687
Income from bank-owned life insurance 386 523
Equity gain from mortgage affiliate 231 18
Recoveries related to acquired charged-off loans and investment securities 184 591
Other 321 243
Total noninterest income 2,820 3,062
Noninterest expenses:    
Salaries and benefits 12,309 5,812
Occupancy expenses 1,939 1,803
Furniture and equipment expenses 619 710
Amortization of core deposit intangible 341 363
Virginia franchise tax expense 570 563
Data processing expense 707 512
Telephone and communication expense 368 375
Net (gain) loss on other real estate owned 71 (2)
Professional fees 1,193 1,093
Other operating expenses 1,735 5,061
Total noninterest expenses 19,852 16,290
Income before income taxes 33 7,524
Income tax expense 6 1,504
Net income 27 6,020
Other comprehensive income:    
Unrealized gain on available for sale securities 3,014 1,084
Accretion of amounts previously recorded upon transfer to held to maturity from available for sale 4 3
Net unrealized gain 3,018 1,087
Tax effect 634 229
Other comprehensive income 2,384 858
Comprehensive income $ 2,411 $ 6,878
Earnings per share, basic (in dollars per share) $ 0.00 $ 0.25
Earnings per share, diluted (in dollars per share) $ 0.00 $ 0.25