Segment Reporting (Tables)

9 Months Ended

Sep. 30, 2020

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 three and nine-month periods ended September 30, 2020 and September 30, 2019 are as follows:

Three Months Ended September 30, 2020	Commercial & Retail Banking		Mortgage Banking		Financial Holding Company		Intercompany Eliminations		Consolidated
(Dollars in thousands)
Interest income	$	18,737	$	78	$	—	$	(188)	$	18,627
Interest expense	2,553		232		20		(188)		2,617
Net interest income	16,184		(154)		(20)		—		16,010
Provision for loan losses	8,631		—		—		—		8,631
Net interest income after provision for loan losses	7,553		(154)		(20)		—		7,379
Noninterest Income:
Mortgage fee income	26		7,238		—		—		7,264
Other income	3,080		9,555		1,481		(1,982)		12,134
Total noninterest income	3,106		16,793		1,481		(1,982)		19,398
Noninterest Expenses:
Salaries and employee benefits	7,526		82		2,911		—		10,519
Other expense	8,389		68		1,271		(1,982)		7,746
Total noninterest expenses	15,915		150		4,182		(1,982)		18,265
Income (loss) before income taxes	(5,256)		16,489		(2,721)		—		8,512
Income tax expense (benefit)	(1,556)		4,245		(668)		—		2,021
Net income (loss)	$	(3,700)	$	12,244	$	(2,053)	$	—	$	6,491
Preferred stock dividends	—		—		116		—		116
Net income (loss) available to common shareholders	$	(3,700)	$	12,244	$	(2,169)	$	—	$	6,375
Capital Expenditures for the three-month period ended September 30, 2020	$	1,652	$	—	$	—	$	—	$	1,652
Total Assets as of September 30, 2020	2,225,615		56,646		238,564		(306,366)		2,214,459
Total Assets as of December 31, 2019	1,953,975		248,382		216,411		(474,654)		1,944,114
Goodwill as of September 30, 2020	2,350		—		—		—		2,350
Goodwill as of December 31, 2019	2,748		16,882		—		—		19,630

Three Months Ended September 30, 2019	Commercial & Retail Banking		Mortgage Banking		Financial Holding Company		Intercompany Eliminations		Consolidated
(Dollars in thousands)
Interest income	$	19,299	$	2,288	$	9	$	(558)	$	21,038
Interest expense	4,806		1,811		156		(769)		6,004
Net interest income	14,493		477		(147)		211		15,034
Provision for loan losses	625		32		—		—		657
Net interest income after provision for loan losses	13,868		445		(147)		211		14,377
Noninterest income:
Mortgage fee income	121		11,587		—		(212)		11,496
Other income	2,138		1,112		1,516		(1,566)		3,200
Total noninterest income	2,259		12,699		1,516		(1,778)		14,696
Noninterest Expense:
Salaries and employee benefits	4,820		8,318		2,300		—		15,438
Other expense	6,113		2,142		1,254		(1,567)		7,942
Total noninterest expenses	10,933		10,460		3,554		(1,567)		23,380
Income (loss) before income taxes	5,194		2,684		(2,185)		—		5,693
Income tax expense (benefit)	1,130		725		(508)		—		1,347
Net income (loss) from continuing operations	4,064		1,959		(1,677)		—		4,346
Income from discontinued operations, before income taxes	—		—		(25)		—		(25)
Income tax expense - discontinued operations	—		—		(6)		—		(6)
Net income from discontinued operations	—		—		(19)		—		(19)
Net income (loss)	$	4,064	$	1,959	$	(1,696)	$	—	$	4,327
Preferred stock dividends	—		—		121		—		121
Net income (loss) available to common shareholders	$	4,064	$	1,959	$	(1,817)	$	—	$	4,206
Capital Expenditures for the three-month period ended September 30, 2019	$	414	$	23	$	77	$	—	$	514
Total Assets as of September 30, 2019	1,959,817		272,007		210,715		(480,587)		1,961,952
Total Assets as of December 31, 2018	1,753,932		165,430		196,537		(364,930)		1,750,969
Goodwill as of September 30, 2019	2,748		16,882		—		—		19,630
Goodwill as of December 31, 2018	1,598		16,882		—		—		18,480

Nine Months Ended September 30, 2020	Commercial & Retail Banking		Mortgage Banking		Financial Holding Company		Intercompany Eliminations		Consolidated
(Dollars in thousands)
Interest income	$	56,693	$	6,034	$	2	$	(1,629)	$	61,100
Interest expense	9,418		3,136		78		(2,171)		10,461
Net interest income	47,275		2,898		(76)		542		50,639
Provision for loan losses	16,361		4		—		—		16,365
Net interest income after provision for loan losses	30,914		2,894		(76)		542		34,274
Noninterest Income:
Mortgage fee income	176		33,793		—		(542)		33,427
Other income	24,218		19,347		4,664		(5,895)		42,334
Total noninterest income	24,394		53,140		4,664		(6,437)		75,761
Noninterest Expenses:
Salaries and employee benefits	19,562		21,550		8,248		—		49,360
Other expense	24,172		4,780		3,837		(5,895)		26,894
Total noninterest expenses	43,734		26,330		12,085		(5,895)		76,254
Income (loss) before income taxes	11,574		29,704		(7,497)		—		33,781
Income tax expense (benefit)	2,336		7,696		(1,824)		—		8,208
Net income (loss)	$	9,238	$	22,008	$	(5,673)	$	—	$	25,573
Preferred stock dividends	—		—		345		—		345
Net income (loss) available to common shareholders	$	9,238	$	22,008	$	(6,018)	$	—	$	25,228
Capital Expenditures for the nine-month period ended September 30, 2020	$	4,092	$	99	$	20	$	—	$	4,211
Total Assets as of September 30, 2020	2,225,615		56,646		238,564		(306,366)		2,214,459
Total Assets as of December 31, 2019	1,953,975		248,382		216,411		(474,654)		1,944,114
Goodwill as of September 30, 2020	2,350		—		—		—		2,350
Goodwill as of December 31, 2019	2,748		16,882		—		—		19,630

Nine Months Ended September 30, 2019	Commercial & Retail Banking		Mortgage Banking		Financial Holding Company		Intercompany Eliminations		Consolidated
(Dollars in thousands)
Interest income	$	56,446	$	5,858	$	12	$	(1,185)	$	61,131
Interest expense	14,303		4,303		728		(1,738)		17,596
Net interest income	42,143		1,555		(716)		553		43,535
Provision for loan losses	1,497		60		—		—		1,557
Net interest income after provision for loan losses	40,646		1,495		(716)		553		41,978
Noninterest Income:
Mortgage fee income	507		28,076		—		(553)		28,030
Other income	19,168		2,723		4,790		(4,863)		21,818
Total noninterest income	19,675		30,799		4,790		(5,416)		49,848
Noninterest Expenses:
Salaries and employee benefits	13,435		20,515		6,502		—		40,452
Other expense	16,958		6,009		3,662		(4,863)		21,766
Total noninterest expenses	30,393		26,524		10,164		(4,863)		62,218
Income (loss) before income taxes	29,928		5,770		(6,090)		—		29,608
Income tax expense (benefit)	6,969		1,574		(1,404)		—		7,139
Net income (loss) from continuing operations	22,959		4,196		(4,686)		—		22,469
Income from discontinued operations, before income taxes	—		—		575		—		575
Income tax expense - discontinued operations	—		—		148		—		148
Net income from discontinued operations	—		—		427		—		427
Net income (loss)	$	22,959	$	4,196	$	(4,259)	$	—	$	22,896
Preferred stock dividends	—		—		364		—		364
Net income (loss) available to common shareholders	$	22,959	$	4,196	$	(4,623)	$	—	$	22,532
Capital Expenditures for the three-month period ended September 30, 2019	$	915	$	83	$	136	$	—	$	1,134
Total Assets as of September 30, 2019	1,959,817		272,007		210,715		(480,587)		1,961,952
Total Assets as of December 31, 2018	1,753,932		165,430		196,537		(364,930)		1,750,969
Goodwill as of September 30, 2019	2,748		16,882		—		—		19,630
Goodwill as of December 31, 2018	1,598		16,882		—		—		18,480