XML 14 R4.htm IDEA: XBRL DOCUMENT v3.20.1
CONSOLIDATED STATEMENTS OF INCOME (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Interest income and dividends    
Loans, including fees $ 37,038 $ 38,338
Securities:    
Taxable 2,424 6,394
Tax-Exempt 1,383 1,470
Dividends on restricted equity securities 162 334
Federal funds sold and other 600 987
Total interest income 41,607 47,523
Interest expense    
Deposits 12,246 16,990
Federal funds purchased and repurchase agreements 14 72
Federal Home Loan Bank advances and other borrowings 801 1,959
Subordinated notes 1,082 1,082
Total interest expense 14,143 20,103
Net interest income 27,464 27,420
Provision for loan losses 13,022 5,055
Net interest income after provision for loan losses 14,442 22,365
Noninterest income    
Mortgage banking revenue 2,685 1,672
Gain on sale or call of securities 1,396 149
Net loss on sale of loans held for investment (416) (217)
Total noninterest income 5,893 3,486
Noninterest expense    
Salaries and employee benefits 12,580 14,743
Occupancy and equipment 3,086 3,113
FDIC assessment (income) expense 450 990
Marketing 245 319
Professional fees 3,068 923
Amortization of core deposit intangible 94 145
Other 2,898 2,383
Total noninterest expense 22,421 22,616
(Loss) income before income tax expense (2,086) 3,235
Income tax (benefit) expense (938) 334
Net (loss) income (1,148) 2,901
Earnings attributable to noncontrolling interest 0 0
Net (loss) income available to common shareholders $ (1,148) $ 2,901
(Loss) earnings per share:    
Basic (in dollars per share) $ (0.08) $ 0.20
Diluted (in dollars per share) $ (0.08) $ 0.19
Service charges on deposit accounts    
Noninterest income    
Total noninterest income $ 92 $ 74
Other service charges and fees    
Noninterest income    
Total noninterest income 897 757
Wealth management    
Noninterest income    
Total noninterest income 814 627
Net gain on sale of foreclosed assets    
Noninterest income    
Total noninterest income 2 4
Other    
Noninterest income    
Total noninterest income $ 423 $ 420