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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Sep. 30, 2019
Sep. 30, 2018
Interest and dividend income:        
Loans, including fees $ 10,672 $ 9,468 $ 31,490 $ 27,144
Investment securities 312 266 954 824
Federal funds sold and other 489 206 1,254 483
Total interest and dividend income 11,473 9,940 33,698 28,451
Interest expense:        
Deposits 3,363 1,761 9,268 4,332
Other borrowed funds 170 391 559 1,394
Total interest expense 3,533 2,152 9,827 5,726
Net interest income 7,940 7,788 23,871 22,725
Less: provision for (recovery of) credit losses 100 18 216 (169)
Net interest income, after provision for (recovery of) credit losses 7,840 7,770 23,655 22,894
Non-interest income:        
Trust and investment management fees 4,824 4,770 14,186 14,413
Net gain on mortgage loans sold 3,291 1,159 8,009 3,769
Bank fees 283 361 912 1,426
Risk management and insurance fees 176 249 838 916
Net gain on sale of securities 119   119  
Income on company-owned life insurance 95 99 284 298
Total non-interest income 8,788 6,638 24,348 20,822
Total income before non-interest expense 16,628 14,408 48,003 43,716
Non-interest expense:        
Salaries and employee benefits 8,504 7,221 23,821 23,061
Occupancy and equipment 1,388 1,427 4,193 4,439
Professional services 745 805 2,557 2,637
Technology and information systems 961 965 3,046 3,028
Data processing 854 697 2,282 2,024
Marketing 272 274 991 875
Amortization of other intangible assets 52 208 366 668
Goodwill impairment     1,572  
Other 666 579 1,873 1,814
Total non-interest expense 13,442 12,176 40,701 38,546
Income (loss) before income tax 3,186 2,232 7,302 5,170
Income tax expense 780 543 1,865 1,247
Net income 2,406 1,689 5,437 3,923
Preferred stock dividends   (255)   (1,378)
Net income available to common shareholders $ 2,406 $ 1,434 $ 5,437 $ 2,545
Earnings per common share:        
Basic $ 0.30 $ 0.19 $ 0.69 $ 0.40
Diluted $ 0.30 $ 0.19 $ 0.69 $ 0.40