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CONDENSED CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Jun. 30, 2020
Jun. 30, 2019
Interest and dividend income:        
Loans, including fees $ 12,202 $ 10,600 $ 23,204 $ 20,818
Investment securities 224 331 519 641
Federal funds sold and other 44 243 259 765
Total interest and dividend income 12,470 11,174 23,982 22,224
Interest expense:        
Deposits 1,319 2,995 3,712 5,904
Other borrowed funds 355 219 543 389
Total interest expense 1,674 3,214 4,255 6,293
Net interest income 10,796 7,960 19,727 15,931
Less: provision for (recovery of) credit losses 2,124 (78) 2,491 116
Net interest income, after provision for (recovery of) credit losses 8,672 8,038 17,236 15,815
Non-interest income:        
Trust and investment management fees 4,609 4,693 9,340 9,363
Net gain on mortgage loans 10,173 3,262 12,654 4,718
Bank fees 221 341 589 630
Risk management and insurance fees 333 194 429 662
Income on company-owned life insurance 91 96 182 189
Total non-interest income 15,427 8,586 23,194 15,562
Total income before non-interest expense 24,099 16,624 40,430 31,377
Non-interest expense:        
Salaries and employee benefits 6,690 7,699 15,172 15,317
Occupancy and equipment 1,515 1,398 2,955 2,805
Professional services 1,231 1,036 2,254 1,813
Technology and information systems 993 1,016 1,962 2,085
Data processing 1,037 742 1,884 1,429
Marketing 253 441 668 719
Amortization of other intangible assets 38 142 40 315
Goodwill impairment   1,572   1,572
Net loss on assets held for sale     553 (1,600)
Other 887 613 1,803 1,206
Total non-interest expense 12,644 14,659 27,291 27,261
Income before income taxes 11,455 1,965 13,139 4,116
Income tax expense 2,759 561 3,109 1,085
Net income available to common shareholders $ 8,696 $ 1,404 $ 10,030 $ 3,031
Earnings per common share:        
Basic $ 1.10 $ 0.18 $ 1.27 $ 0.39
Diluted $ 1.10 $ 0.18 $ 1.26 $ 0.39