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Condensed Consolidated Statements of Income - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Interest income    
Interest and fees on loans $ 33,617 $ 33,793
Securities 1,363 1,557
Other interest-earning assets 1,055 1,483
Equity investments 176 152
Total interest income 36,211 36,985
Interest expense    
Deposits 3,766 3,584
Federal Home Loan Bank advances 221 64
Repurchase agreements   1
Note payable and junior subordinated debt 4 8
Total interest expense 3,991 3,657
Net interest income 32,220 33,328
Provision for credit losses for loans 4,739 1,147
Provision for credit losses for unfunded commitments 310  
Total provision for credit losses 5,049 1,147
Net interest income after provision for credit losses 27,171 32,181
Noninterest income    
Deposit account service charges 1,485 1,629
Card interchange fees 922 864
Earnings on bank-owned life insurance 416 430
Net gain on sales of assets 123 88
Other 1,381 482
Total noninterest income 4,327 3,493
Noninterest expense    
Salaries and employee benefits 14,223 13,822
Occupancy expense 2,424 2,267
Professional and director fees 1,152 2,091
Data processing and software 1,222 1,154
Regulatory fees 103 464
Advertising, marketing and business development 364 440
Telephone and communications 419 378
Security and protection expense 374 323
Amortization of intangibles 221 232
Other expenses 1,587 1,414
Total noninterest expense 22,089 22,585
Net income before income tax expense 9,409 13,089
Income tax expense 1,868 2,599
Net income $ 7,541 $ 10,490
Earnings per common share    
Basic $ 0.30 $ 0.42
Diluted $ 0.30 $ 0.42