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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Interest and dividend income:    
Loans, including fees $ 42,045 $ 37,010
Investment securities 1,274 1,097
Federal funds sold and other 1,732 689
Total interest and dividend income 45,051 38,796
Interest expense:    
Deposits 12,263 6,511
Other borrowed funds 727 1,661
Total interest expense 12,990 8,172
Net interest income 32,061 30,624
Less: provision for loan losses 662 180
Net interest income, after provision for loan losses 31,399 30,444
Non-interest income:    
Trust and investment management fees 18,935 19,165
Net gain on mortgage loans sold 10,585 4,560
Bank fees 1,173 1,759
Risk management and insurance fees 1,205 1,296
Income on company-owned life insurance 377 393
Net gain on sale of securities 119  
Net gain on sale of assets 183  
Total non-interest income 32,577 27,173
Total income before non-interest expense 63,976 57,617
Non-interest expense:    
Salaries and employee benefits 31,810 29,771
Occupancy and equipment 5,562 5,853
Professional services 3,519 3,451
Technology and information systems 3,973 3,982
Data processing 3,065 2,683
Marketing 1,292 1,253
Amortization of other intangible assets 374 831
Goodwill impairment 1,572  
Other 2,617 2,371
Total non-interest expense 53,784 50,195
Income (loss) before income tax 10,192 7,422
Income tax expense 2,183 1,775
Net income 8,009 5,647
Preferred stock dividends   (1,378)
Net income available to common shareholders $ 8,009 $ 4,269
Earnings per common share:    
Basic $ 1.02 $ 0.64
Diluted $ 1.01 $ 0.63