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Consolidated Statements of Operations - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Interest and dividend income:    
Interest and fees on loans $ 34,025 $ 34,365
Interest on loans held for sale 577 358
Interest on taxable securities 1,742 1,663
Interest on non-taxable securities 66 184
Other interest and dividend income 759 483
Total interest and dividend income 37,169 37,053
Interest expense:    
Interest on deposits 8,693 8,243
Interest on FHLB borrowings 1,253 2,275
Interest on subordinated debentures 523 505
Total interest expense 10,469 11,023
Net interest and dividend income 26,700 26,030
Provision for loan losses 3,749 857
Net interest and dividend income, after provision for loan losses 22,951 25,173
Mortgage banking income:    
Changes in mortgage servicing rights fair value (4,387) (2,151)
Other 14,849 6,653
Total mortgage banking income 10,462 4,502
Deposit account fees 3,931 3,778
Income on retirement plan annuities 101 96
Gain on sale and call of securities, net 2,525  
Bank-owned life insurance income 551 253
Other income 1,296 1,213
Total noninterest income 18,866 9,842
Noninterest expense:    
Compensation and benefits 21,185 19,245
Occupancy and equipment 4,563 4,448
Data processing 2,180 2,046
Loan expenses 1,481 1,271
Marketing 876 958
Deposit expenses 499 350
Postage and printing 496 488
Professional fees 1,228 946
Foreclosed and repossessed assets 125 (71)
Deposit insurance 271 666
Other expenses 2,484 2,245
Total noninterest expense 35,388 32,592
Income before income taxes 6,429 2,423
Income tax provision 1,705 356
Net income $ 4,724 $ 2,067
Earnings per common share (1):    
Basic [1] $ 0.09 $ 0.04
Diluted [1] $ 0.09 $ 0.04
Weighted average shares outstanding (1):    
Basic [1] 54,392,465 56,666,979
Diluted [1] 54,392,465 56,666,979
[1] Share amounts related to periods prior to the August 14, 2019 closing of the conversion offering have been restated to give retroactive recognition to the 1.795431 exchange ratio applied in the conversion offering (see Note 1).