XML 15 R4.htm IDEA: XBRL DOCUMENT v3.19.2
CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Jun. 30, 2019
Jun. 30, 2018
Interest and dividend income:        
Loans, including fees $ 10,600 $ 9,074 $ 20,818 $ 17,676
Investment securities 331 281 641 558
Federal funds sold and other 243 150 765 277
Total interest and dividend income 11,174 9,505 22,224 18,511
Interest expense:        
Deposits 2,995 1,411 5,904 2,571
Other borrowed funds 219 517 389 1,003
Total interest expense 3,214 1,928 6,293 3,574
Net interest income 7,960 7,577 15,931 14,937
Less: (recovery of) provision for credit losses (78)   116 (187)
Net interest income, after (recovery of) provision for credit losses 8,038 7,577 15,815 15,124
Non-interest income:        
Trust and investment management fees 4,693 4,689 9,363 9,643
Net gain on mortgage loans sold 3,262 1,359 4,718 2,610
Bank fees 341 455 630 1,065
Risk management and insurance fees 194 284 662 667
Income on company-owned life insurance 96 105 189 199
Total non-interest income 8,586 6,892 15,562 14,184
Total income before non-interest expense 16,624 14,469 31,377 29,308
Non-interest expense:        
Salaries and employee benefits 7,699 7,660 15,317 15,840
Occupancy and equipment 1,398 1,527 2,805 3,012
Professional services 1,036 1,008 1,813 1,832
Technology and information systems 1,016 1,000 2,085 2,063
Data processing 742 687 1,429 1,327
Marketing 441 316 719 601
Amortization of other intangible assets 142 230 315 460
Goodwill impairment 1,572   1,572  
Other 613 656 1,206 1,235
Total non-interest expense 14,659 13,084 27,261 26,370
Income before income taxes 1,965 1,385 4,116 2,938
Income tax expense 561 337 1,085 704
Net income 1,404 1,048 3,031 2,234
Preferred stock dividends   (562)   (1,123)
Net income available to common shareholders $ 1,404 $ 486 $ 3,031 $ 1,111
Earnings per common share:        
Basic $ 0.18 $ 0.08 $ 0.39 $ 0.19
Diluted $ 0.18 $ 0.08 $ 0.39 $ 0.19