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Consolidated Statements of Operations - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Interest and dividend income    
Loans, including fees $ 34,376 $ 36,533
Securities, taxable 4,620 5,082
Securities, nontaxable 966 953
Federal funds sold and other 595 634
Total interest and dividend income 40,557 43,202
Interest expense    
Deposits 6,864 10,730
Federal funds purchased and retail repurchase agreements 31 32
Federal Home Loan Bank advances 1,175 1,305
Bank stock loan 109 162
Subordinated debentures 283 334
Total interest expense 8,462 12,563
Net interest income 32,095 30,639
Provision for loan losses 9,940 15,646
Net interest income after provision for loan losses 22,155 14,993
Non-interest income    
Increase in value of bank-owned life insurance 482 488
Net gain (loss) from securities transactions 8 6
Other 157 852
Total non-interest income 5,306 5,324
Non-interest expense    
Salaries and employee benefits 13,504 14,098
Net occupancy and equipment 2,235 1,967
Data processing 2,663 2,405
Professional fees 1,367 1,156
Advertising and business development 696 646
Telecommunications 487 585
FDIC insurance 517 278
Courier and postage 384 327
Free nationwide ATM cost 420 361
Amortization of core deposit intangibles 802 779
Loan expense 234 268
Other real estate owned 308 112
Merger expenses   639
Other 2,141 1,922
Total non-interest expense 25,758 25,543
Income (loss) before income taxes 1,703 (5,226)
Provision (benefit) for income taxes 445 (1,153)
Net income (loss) and net income (loss) allocable to common stockholders $ 1,258 $ (4,073)
Basic earnings (loss) per share $ 0.08 $ (0.26)
Diluted earnings (loss) per share $ 0.08 $ (0.26)
Service Charges and Fees [Member]    
Non-interest income    
Non-interest income $ 2,026 $ 1,923
Debit Card Income [Member]    
Non-interest income    
Non-interest income 2,043 1,738
Mortgage Banking [Member]    
Non-interest income    
Non-interest income $ 590 $ 317