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Consolidated Statements of Operations (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Sep. 30, 2020
Sep. 30, 2019
Interest income:        
Interest and fees on taxable loans $ 24,135 $ 18,298 $ 65,941 $ 53,827
Interest and fees on tax-exempt loans 548 409 1,652 1,249
Interest and dividends on taxable investment securities 3,758 6,652 15,612 21,134
Interest and dividends on tax-exempt investment securities 20 72 59 131
Interest on federal funds sold and other interest-earning assets 99 777 438 1,631
Total interest income 28,560 26,208 83,702 77,972
Interest expense:        
Demand- interest bearing 3,056 3,753 9,333 11,897
Money market and savings 1,613 1,813 4,827 4,893
Time deposits 884 1,123 3,138 2,608
Other borrowings 77 137 293 681
Total interest expense 5,630 6,826 17,591 20,079
Net interest income 22,930 19,382 66,111 57,893
Provision for loan losses 850 450 2,800 750
Net interest income after provision for loan losses 22,080 18,932 63,311 57,143
Non-interest income:        
Non-interest income 3,224 2,036 7,712 5,625
Gain on sales of SBA loans 649 944 1,567 2,593
Gain on sale of investment securities 279 520 2,760 1,103
Other non-interest income 1,090 46 1,546 175
Total non-interest income 10,031 6,554 25,000 18,525
Non-interest expenses:        
Salaries and employee benefits 14,596 14,314 41,154 40,378
Occupancy 3,560 2,994 10,294 8,270
Depreciation and amortization 1,964 1,740 6,081 4,700
Legal 261 462 810 1,024
Other real estate owned 80 799 437 1,653
Appraisal and other loan expenses 619 476 1,580 1,327
Advertising 386 698 1,055 1,467
Data processing 1,606 1,434 4,747 3,780
Insurance 279 301 836 752
Professional fees 679 661 2,069 1,864
Debit card processing 915 526 2,639 1,689
Regulatory assessments and costs 625 62 1,930 904
Taxes, other 303 288 789 782
Goodwill impairment 5,011 0 5,011 0
Other operating expenses 2,696 3,069 8,084 8,412
Total non-interest expense 33,580 27,824 87,516 77,002
Income (loss) before benefit for income taxes (1,469) (2,338) 795 (1,334)
Benefit for income taxes (503) (516) (158) (319)
Net income (loss) $ (966) $ (1,822) $ 953 $ (1,015)
Basic (in dollars per share) $ (0.02) $ (0.03) $ 0.02 $ (0.02)
Diluted (in dollars per share) $ (0.02) $ (0.03) $ 0.02 $ (0.02)
Loan and Servicing Fees [Member]        
Non-interest income:        
Non-interest income $ 917 $ 257 $ 2,152 $ 1,156
Mortgage Banking [Member]        
Non-interest income:        
Non-interest income 4,962 2,797 10,809 8,048
Deposit Account [Member]        
Non-interest income:        
Non-interest income $ 2,134 $ 1,990 $ 6,166 $ 5,450