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Consolidated Statements of Income (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Jun. 30, 2020
Jun. 30, 2019
Interest income:        
Interest and fees on loans $ 18,273 $ 21,969 $ 38,679 $ 42,903
Interest on tax-exempt investment securities 38 38 76 77
Interest on investment securities 501 1,024 1,107 2,078
Interest and dividends on other interest-earning assets 161 999 771 1,924
Total interest income 18,973 24,030 40,633 46,982
Interest expense:        
Interest on deposits 3,409 6,200 8,401 11,865
Interest on borrowings 201 138 303 272
Total interest expense 3,610 6,338 8,704 12,137
Net interest income 15,363 17,692 31,929 34,845
Provision for loan losses 3,855 394 6,751 309
Net interest income after provision for loan losses 11,508 17,298 25,178 34,536
Noninterest income:        
Service charges and fees on deposits 490 620 1,129 1,208
Loan servicing income 902 492 1,456 1,123
Gain on sale of loans 1,498 1,891 2,223 3,011
Other income 243 303 600 597
Total noninterest income 2,918 3,054 4,944 5,463
Noninterest expense:        
Salaries and employee benefits 5,761 6,600 12,312 13,222
Occupancy and equipment 1,400 1,407 2,780 2,720
Professional fees 509 686 1,306 1,444
Marketing and business promotion 548 529 727 757
Data processing 366 338 724 656
Director fees and expenses 107 185 328 374
Regulatory assessments 242 309 461 425
Other expenses 763 930 1,625 1,675
Total noninterest expense 9,696 10,984 20,263 21,273
Income before income taxes 4,730 9,368 9,859 18,726
Income tax expense 1,363 2,767 2,920 5,561
Net income $ 3,367 $ 6,601 $ 6,939 $ 13,165
Earnings per common share, basic (in dollars per share) $ 0.22 $ 0.41 $ 0.45 $ 0.82
Earnings per common share, diluted (in dollars per share) $ 0.22 $ 0.40 $ 0.45 $ 0.81
Weighted-average common shares outstanding, basic (in shares) 15,337,405 16,017,089 15,421,552 16,008,325
Weighted-average common shares outstanding, diluted (in shares) 15,373,655 16,330,039 15,522,626 16,303,274
Service charges and fees on deposits        
Noninterest income:        
Service charges and fees on deposits $ 275 $ 368 $ 665 $ 732