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Consolidated Statements of Operations - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Sep. 30, 2020
Sep. 30, 2019
Interest and dividend income        
Loans, including fees $ 32,278 $ 38,051 $ 99,281 $ 112,611
Securities, taxable 3,476 4,673 12,113 14,724
Securities, nontaxable 923 1,045 2,769 3,143
Federal funds sold and other 405 780 1,409 2,037
Total interest and dividend income 37,082 44,549 115,572 132,515
Interest expense        
Deposits 3,064 10,507 13,827 32,381
Federal funds purchased and retail repurchase agreements 25 50 80 116
Federal Home Loan Bank advances 471 1,957 2,198 5,103
Federal Reserve Bank discount window     6  
Bank stock loan   198 415 507
Subordinated debt 1,415 311 1,953 955
Total interest expense 4,975 13,023 18,479 39,062
Net interest income 32,107 31,526 97,093 93,453
Provision for loan losses 815 679 23,255 17,299
Net interest income after provision for loan losses 31,292 30,847 73,838 76,154
Non-interest income        
Increase in value of bank-owned life insurance 489 507 1,452 1,494
Net gain (loss) from securities transactions   4 12 17
Other 922 768 1,929 2,577
Total non-interest income 6,485 6,572 17,523 18,347
Non-interest expense        
Salaries and employee benefits 13,877 13,039 40,076 40,204
Net occupancy and equipment 2,224 2,177 6,578 6,332
Data processing 2,817 2,673 8,243 7,436
Professional fees 877 991 3,187 3,375
Advertising and business development 598 806 1,697 2,174
Telecommunications 486 523 1,363 1,593
FDIC insurance 360 111 1,291 1,119
Courier and postage 366 352 1,103 1,020
Free nationwide ATM cost 439 459 1,186 1,240
Amortization of core deposit intangibles 1,030 784 2,806 2,348
Loan expense 107 165 628 608
Other real estate owned 133 (88) 710 326
Merger expenses       915
Goodwill impairment 104,831   104,831  
Other 2,690 2,231 6,831 6,099
Total non-interest expense 130,835 24,223 180,530 74,789
Income (loss) before income taxes (93,058) 13,196 (89,169) 19,712
Provision (benefit) for income taxes (2,653) 2,790 (1,711) 4,147
Net income (loss) and net income (loss) allocable to common stockholders $ (90,405) $ 10,406 $ (87,458) $ 15,565
Basic earnings (loss) per share $ (6.01) $ 0.67 $ (5.75) $ 0.99
Diluted earnings (loss) per share $ (6.01) $ 0.66 $ (5.75) $ 0.98
Service Charges and Fees [Member]        
Non-interest income        
Non-interest income $ 1,706 $ 2,268 $ 5,097 $ 6,431
Debit Card Income [Member]        
Non-interest income        
Non-interest income 2,491 2,205 6,735 6,129
Mortgage Banking [Member]        
Non-interest income        
Non-interest income $ 877 $ 820 $ 2,298 $ 1,699