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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Jun. 30, 2020
Jun. 30, 2019
Interest and dividend income:        
Loans, including fees $ 18,826 $ 20,159 $ 38,334 $ 38,998
Other investment income 196 496 1,078 1,364
Federal funds sold 61 163 227 318
Total interest income 19,083 20,818 39,639 40,680
Interest expense:        
Deposits 3,096 5,445 7,610 10,502
FHLB advances and other borrowings 144 125 276 126
Total interest expense 3,240 5,570 7,886 10,628
Net interest income 15,843 15,248 31,753 30,052
Provision for loan losses 1,061   1,061  
Net interest income after provision for loan losses 14,782 15,248 30,692 30,052
Noninterest income:        
Service charges on deposit accounts 202 262 489 517
Other service charges, commissions and fees 970 3,058 3,173 5,457
Gain on sale of residential mortgage loans   2,615 2,529 3,553
Mortgage servicing income, net 783 3,315 1,155 4,654
Gain on sale of SBA loans 1,276 1,565 2,577 2,892
SBA servicing income, net 1,959 1,137 2,475 2,180
Other income 310 146 711 279
Total noninterest income 5,500 12,098 13,109 19,532
Noninterest expense:        
Salaries and employee benefits 5,749 6,037 12,262 12,353
Occupancy and equipment 1,277 1,231 2,488 2,386
Data processing 201 227 478 520
Advertising 140 143 301 313
Other expenses 2,357 2,296 4,344 4,426
Total noninterest expense 9,724 9,934 19,873 19,998
Income before provision for income taxes 10,558 17,412 23,928 29,586
Provision for income taxes 2,819 4,452 6,373 7,894
Net income available to common shareholders $ 7,739 $ 12,960 $ 17,555 $ 21,692
Earnings per share:        
Basic (in dollars per share) $ 0.30 $ 0.54 $ 0.69 $ 0.90
Diluted (in dollars per share) $ 0.30 $ 0.53 $ 0.68 $ 0.89