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CONDENSED CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Sep. 30, 2020
Sep. 30, 2019
Interest and dividend income:        
Loans, including fees $ 14,138 $ 10,672 $ 37,342 $ 31,490
Investment securities 173 312 692 954
Federal funds sold and other 99 489 358 1,254
Total interest and dividend income 14,410 11,473 38,392 33,698
Interest expense:        
Deposits 1,067 3,363 4,779 9,268
Other borrowed funds 425 170 968 559
Total interest expense 1,492 3,533 5,747 9,827
Net interest income 12,918 7,940 32,645 23,871
Less: provision for loan losses 1,496 100 3,987 216
Net interest income, after provision for loan losses 11,422 7,840 28,658 23,655
Non-interest income:        
Trust and investment management fees 4,814 4,824 14,154 14,186
Net gain on mortgage loans 12,304 3,291 24,958 8,009
Bank fees 340 283 929 912
Risk management and insurance fees 483 176 912 838
Income on company-owned life insurance 91 95 273 284
Net gain on sale of securities   119   119
Total non-interest income 18,032 8,788 41,226 24,348
Total income before non-interest expense 29,454 16,628 69,884 48,003
Non-interest expense:        
Salaries and employee benefits 10,212 8,504 25,384 23,821
Occupancy and equipment 1,619 1,388 4,574 4,193
Professional services 1,288 745 3,542 2,557
Technology and information systems 1,032 961 2,994 3,046
Data processing 1,038 854 2,922 2,282
Marketing 395 272 1,063 991
Amortization of other intangible assets 4 52 44 366
Goodwill impairment       1,572
Net loss on assets held for sale     553 (1,600)
Provision on other real estate owned 100   100  
Other 944 666 2,747 1,873
Total non-interest expense 16,632 13,442 43,923 40,701
Income before income taxes 12,822 3,186 25,961 7,302
Income tax expense 3,192 780 6,301 1,865
Net income available to common shareholders $ 9,630 $ 2,406 $ 19,660 $ 5,437
Earnings per common share:        
Basic $ 1.22 $ 0.30 $ 2.49 $ 0.69
Diluted $ 1.20 $ 0.30 $ 2.47 $ 0.69