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Condensed 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 $ 32,857 $ 35,608 $ 66,474 $ 69,401
Securities 1,228 1,519 2,591 3,076
Other interest-earning assets 169 1,359 1,224 2,842
Equity investments 171 163 347 315
Total interest income 34,425 38,649 70,636 75,634
Interest expense        
Deposits 2,022 3,822 5,788 7,406
Federal Home Loan Bank advances 240 523 461 587
Repurchase agreements 1 1 1 2
Note payable and junior subordinated debt 4 4 8 12
Total interest expense 2,267 4,350 6,258 8,007
Net interest income 32,158 34,299 64,378 67,627
Provision for credit losses for loans 8,537 807 13,276 1,954
Provision for credit losses for unfunded commitments 1,333   1,643  
Total provision for credit losses 9,870 807 14,919 1,954
Net interest income after provision for credit losses 22,288 33,492 49,459 65,673
Noninterest income        
Deposit account service charges 1,095 1,657 2,580 3,286
Card interchange fees 915 941 1,837 1,805
Earnings on bank-owned life insurance 412 3,721 828 4,151
Net gain on sales of assets 139 69 262 157
Other 348 915 1,729 1,397
Total noninterest income 2,909 7,303 7,236 10,796
Noninterest expense        
Salaries and employee benefits 14,012 14,185 28,235 28,007
Occupancy expense 2,558 2,338 4,982 4,605
Professional and director fees 1,541 2,282 2,693 4,373
Data processing and software 1,292 1,086 2,514 2,240
Regulatory fees 476 446 579 910
Advertising, marketing and business development 269 532 633 972
Telephone and communications 392 456 811 834
Security and protection expense 351 367 725 690
Amortization of intangibles 230 225 451 457
Other expenses 1,374 1,486 2,961 2,900
Total noninterest expense 22,495 23,403 44,584 45,988
Net income before income tax expense 2,702 17,392 12,111 30,481
Income tax expense 539 3,077 2,407 5,676
Net income $ 2,163 $ 14,315 $ 9,704 $ 24,805
Earnings per common share        
Basic $ 0.09 $ 0.57 $ 0.39 $ 1.00
Diluted $ 0.09 $ 0.57 $ 0.39 $ 0.99