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SEGMENT REPORTING (Tables)
12 Months Ended
Dec. 31, 2018
Segment Reporting [Abstract]  
Information About the Reportable Segments and Reconciliation to the Consolidated Financial Statements
Information about the reportable segments and reconciliation to the consolidated financial statements for the years ended December 31, 2018, 2017, and 2016 are as follows:
 
 
2018
(Dollars in thousands)
 
Commercial & Retail Banking
 
Mortgage Banking
 
Financial Holding Company
 
Intercompany Eliminations
 
Consolidated
Interest income
 
$
63,762

 
$
6,667

 
$
5

 
$
(674
)
 
$
69,760

Interest expense
 
13,667

 
4,085

 
1,756

 
(1,802
)
 
17,706

Net interest income
 
50,095

 
2,582

 
(1,751
)
 
1,128

 
52,054

Provision for loan losses
 
2,386

 
54

 

 

 
2,440

Net interest income after provision for loan losses
 
47,709

 
2,528

 
(1,751
)
 
1,128

 
49,614

 
 
 
 
 
 
 
 
 
 
 
Noninterest Income:
 
 
 
 
 
 
 
 
 
 
Mortgage fee income
 
585

 
32,880

 

 
(1,128
)
 
32,337

Other income
 
6,479

 
(243
)
 
6,411

 
(6,344
)
 
6,303

Total noninterest income
 
7,064

 
32,637

 
6,411

 
(7,472
)
 
38,640

 
 
 
 
 
 
 
 
 
 
 
Noninterest Expenses:
 
 
 
 
 
 
 
 
 
 
Salaries and employee benefits
 
14,924

 
23,927

 
7,373

 

 
46,224

Other expense
 
20,081

 
8,608

 
4,309

 
(6,344
)
 
26,654

Total noninterest expenses
 
35,005

 
32,535

 
11,682

 
(6,344
)
 
72,878

 
 
 
 
 
 
 
 
 
 
 
Income (loss) before income taxes
 
19,768

 
2,630

 
(7,022
)
 

 
15,376

Income tax expense (benefit)
 
4,265

 
677

 
(1,569
)
 

 
3,373

Net income (loss)
 
$
15,503

 
$
1,953

 
$
(5,453
)
 
$

 
$
12,003

Preferred stock dividends
 

 

 
489

 

 
489

Net income (loss) available to common shareholders
 
$
15,503

 
$
1,953

 
$
(5,942
)
 
$

 
$
11,514

 
 
 
 
 
 
 
 
 
 
 
Capital Expenditures for the year ended December 31, 2018
 
$
2,284

 
$
272

 
$
137

 
$

 
$
2,693

Total Assets as of December 31, 2018
 
1,753,932

 
165,430

 
196,537

 
(364,930
)
 
1,750,969

Goodwill as of December 31, 2018
 
1,598

 
16,882

 

 

 
18,480



 
 
2017
(Dollars in thousands)
 
Commercial & Retail Banking
 
Mortgage Banking
 
Financial Holding Company
 
Intercompany Eliminations
 
Consolidated
Interest income
 
$
52,423

 
$
4,698

 
$
4

 
$
(527
)
 
$
56,598

Interest expense
 
9,118

 
2,317

 
2,241

 
(1,375
)
 
12,301

Net interest income
 
43,305

 
2,381

 
(2,237
)
 
848

 
44,297

Provision for loan losses
 
1,967

 
206

 

 

 
2,173

Net interest income after provision for loan losses
 
41,338

 
2,175

 
(2,237
)
 
848

 
42,124

 
 
 
 
 
 
 
 
 
 
 
Noninterest Income:
 
 
 
 
 
 
 
 
 
 
Mortgage fee income
 
736

 
37,262

 

 
(849
)
 
37,149

Other income
 
5,866

 
(2,372
)
 
5,466

 
(5,403
)
 
3,557

Total noninterest income
 
6,602

 
34,890

 
5,466

 
(6,252
)
 
40,706

 
 
 
 
 
 
 
 
 
 
 
Noninterest Expenses:
 
 
 
 
 
 
 
 
 
 
Salaries and employee benefits
 
12,266

 
26,196

 
5,646

 

 
44,108

Other expense
 
19,523

 
8,188

 
4,085

 
(5,404
)
 
26,392

Total noninterest expenses
 
31,789

 
34,384

 
9,731

 
(5,404
)
 
70,500

 
 
 
 
 
 
 
 
 
 
 
Income (loss) before income taxes
 
16,151

 
2,681

 
(6,502
)
 

 
12,330

Income tax expense (benefit)
 
5,820

 
1,082

 
(2,147
)
 

 
4,755

Net income (loss)
 
$
10,331

 
$
1,599

 
$
(4,355
)
 
$

 
$
7,575

Preferred stock dividends
 

 

 
498

 

 
498

Net income (loss) available to common shareholders
 
$
10,331

 
$
1,599

 
$
(4,853
)
 
$

 
$
7,077

 
 
 
 
 
 
 
 
 
 
 
Capital Expenditures for the year ended December 31, 2017
 
$
3,226

 
$
1,187

 
$
83

 
$

 
$
4,496

Total Assets as of December 31, 2017
 
1,533,497

 
149,323

 
184,674

 
(333,192
)
 
1,534,302

Goodwill as of December 31, 2017
 
1,598

 
16,882

 

 

 
18,480

 
 
2016
(Dollars in thousands)
 
Commercial & Retail Banking
 
Mortgage Banking
 
Financial Holding Company
 
Insurance
 
Intercompany Eliminations
 
Consolidated
Interest income
 
$
50,413

 
$
4,285

 
$
3

 
$

 
$
(578
)
 
$
54,123

Interest expense
 
8,437

 
2,082

 
2,226

 

 
(1,613
)
 
11,132

Net interest income
 
41,976

 
2,203

 
(2,223
)
 

 
1,035

 
42,991

Provision for loan losses
 
3,632

 

 

 

 

 
3,632

Net interest income after provision for loan losses
 
38,344

 
2,203

 
(2,223
)
 

 
1,035

 
39,359

 
 
 
 
 
 
 
 
 
 
 
 
 
Noninterest Income:
 
 
 
 
 
 
 
 
 
 
 
 
Mortgage fee income
 
(252
)
 
36,960

 

 

 
(1,035
)
 
35,673

Other income
 
5,905

 
1,674

 
5,247

 

 
(5,294
)
 
7,532

Total noninterest income
 
5,653

 
38,634

 
5,247

 

 
(6,329
)
 
43,205

 
 
 
 
 
 
 
 
 
 
 
 
 
Noninterest Expenses:
 
 
 
 
 
 
 
 
 
 
 
 
Salaries and employee benefits
 
11,592

 
27,696

 
5,937

 

 

 
45,225

Other expense
 
18,009

 
8,125

 
3,144

 

 
(5,294
)
 
23,984

Total noninterest expenses
 
29,601

 
35,821

 
9,081

 

 
(5,294
)
 
69,209

 
 
 
 
 
 
 
 
 
 
 
 
 
Income (loss) from continuing operations, before income taxes
 
14,396

 
5,016

 
(6,057
)
 

 

 
13,355

Income tax expense (benefit) - continuing operations
 
4,496

 
1,954

 
(2,072
)
 

 

 
4,378

Net income (loss) from continuing operations
 
$
9,900

 
$
3,062

 
$
(3,985
)
 
$

 
$

 
$
8,977

Income (loss) from discontinued operations
 

 

 
6,926

 
(580
)
 

 
6,346

Income tax expense (benefit) - discontinued operations
 

 

 
2,629

 
(218
)
 

 
2,411

Net income (loss) from discontinued operations
 

 

 
4,297

 
(362
)
 

 
3,935

Net income (loss)
 
9,900

 
3,062

 
312

 
(362
)
 

 
12,912

Preferred stock dividends
 

 

 
1,128

 

 

 
1,128

Net income (loss) available to common shareholders
 
$
9,900

 
$
3,062

 
$
(816
)
 
$
(362
)
 
$

 
$
11,784

 
 
 
 
 
 
 
 
 
 
 
 
 
Capital Expenditures for the year ended December 31, 2016
 
$
1,145

 
$
220

 
$
303

 
$

 
$

 
$
1,668

Total Assets as of December 31, 2016
 
1,415,735

 
122,242

 
180,340

 

 
(299,513
)
 
1,418,804

Goodwill as of December 31, 2016
 
1,598

 
16,882

 

 

 

 
18,480