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CONSOLIDATED STATEMENTS OF INCOME AND COMPREHENSIVE INCOME (LOSS) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Interest and dividend income:    
Interest and fees on loans $ 24,749 $ 28,957
Interest and dividends on taxable securities 1,325 919
Interest and dividends on tax exempt securities 105 123
Interest and dividends on other earning assets 406 309
Total interest and dividend income 26,585 30,308
Interest expense:    
Interest on deposits 2,373 3,816
Interest on repurchase agreements 13 26
Interest on other borrowings 1,345 1,511
Total interest expense 3,731 5,353
Net interest income 22,854 24,955
Provision for (recovery of) credit losses 99 (1,372)
Net interest income after (recovery of) provision for credit losses 22,755 26,327
Noninterest income:    
Account maintenance and deposit service fees 1,351 1,664
Income from bank-owned life insurance 375 386
Other 364 299
Total noninterest income 2,090 2,349
Noninterest expenses:    
Salaries and benefits 9,625 9,372
Occupancy expenses 1,457 1,539
Furniture and equipment expenses 1,100 816
Amortization of core deposit intangible 341 341
Virginia franchise tax expense 813 675
Data processing expense 1,490 799
Telephone and communication expense 382 522
Net gain on other real estate owned (59) (60)
Professional fees 1,094 1,134
Other operating expenses 2,744 2,885
Total noninterest expenses 18,987 18,023
Income from continuing operations before income taxes 5,858 10,653
Income tax expense 1,265 2,301
Income from continuing operations 4,593 8,352
Income from discontinued operation before income taxes   1,315
Income tax expense   284
Income from discontinued operation   1,031
Net income 4,593 9,383
Other comprehensive income:    
Unrealized loss on available-for-sale securities (13,376) (1,736)
Accretion of amounts previously recorded upon transfer to held to maturity from available for sale   189
Net unrealized loss (13,376) (1,547)
Tax effect (2,809) (325)
Other comprehensive loss (10,567) (1,222)
Comprehensive income (loss) $ (5,974) $ 8,161
Earnings per share from continuing operations, basic (in dollars per share) $ 0.19 $ 0.35
Earnings per share from discontinued operations, basic (in dollars per share) 0.00 0.04
Earnings per share from continuing operations, diluted (in dollars per share) 0.19 0.34
Earnings per share from discontinued operations, diluted (in dollars per share) $ 0.00 $ 0.04