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CONSOLIDATED STATEMENTS OF INCOME AND COMPREHENSIVE INCOME (LOSS) - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Interest and dividend income:      
Interest and fees on loans $ 115,080 $ 106,921 $ 111,562
Interest and dividends on taxable securities 5,552 3,977 4,244
Interest and dividends on tax exempt securities 412 463 486
Interest and dividends on other earning assets 2,243 1,782 1,402
Total income 123,287 113,143 117,694
Interest expense:      
Interest on deposits 13,281 13,112 20,332
Interest on other borrowings 8,306 5,928 5,807
Total interest expense 21,587 19,040 26,139
Net interest income 101,700 94,103 91,555
Provision for (recovery of) credit losses 11,271 (5,801) 19,450
Net interest income after provision for (recovery of) credit losses 90,429 99,904 72,105
Noninterest income:      
Account maintenance and deposit service fees 5,745 7,309 6,520
Income from bank-owned life insurance 1,994 1,687 1,559
Gain on debt extinguishment 0 573  
Mortgage banking income 5,054    
Gain on sale of other investment 4,144    
Realized losses on sales of investment securities     (620)
Consumer Program derivative 65 3  
Other noninterest income 1,350 1,566 7,203
Total noninterest income 18,352 11,138 14,662
Noninterest expenses:      
Salaries and benefits 49,005 36,741 36,675
Occupancy expenses 5,628 5,956 6,142
Furniture and equipment expenses 5,231 3,622 2,725
Amortization of intangible assets 1,325 1,364 1,364
Virginia franchise tax expense 3,254 2,899 2,457
Data processing expense 6,013 3,850 3,178
Marketing expense 3,067 1,726 1,770
Telephone and communication expense 1,433 1,790 1,497
Net loss on other real estate owned 72 87 960
Loss on bank premises and equipment and assets held for sale 684    
Professional fees 4,787 5,467 4,726
Miscellaneous lending expenses 1,710 1,068 1,061
Other operating expenses 9,239 6,906 5,496
Total noninterest expenses 91,448 71,476 68,051
Income from continuing operations before income taxes 17,333 39,566 18,716
Income tax benefit 3,185 8,683 4,140
Income from continuing operations 14,148 30,883 14,576
Income from discontinued operation before income taxes   294 10,789
Income tax expense 3,185 64 2,386
Income from discontinued operation   230 8,403
Net income 14,148 31,113 22,979
Net income 14,148 31,113 22,979
Other comprehensive income (loss):      
Unrealized gain (loss) on available-for-sale securities (34,129) (3,193) 2,789
Reclassification of loss on sales of investment securities     (620)
Accretion of amounts previously recorded upon transfer to held-to-maturity from available-for-sale   151 12
Net unrealized gain (loss) (34,129) (3,042) 3,421
Tax (benefit) expense (7,167) (669) 719
Other comprehensive income (loss) (26,962) (2,373) 2,702
Comprehensive income (loss) $ (12,814) $ 28,740 $ 25,681
Earnings per share from continuing operations, basic (in dollars per share) $ 0.58 $ 1.26 $ 0.60
Earnings per share from discontinued operation, basic (in dollars per share) 0.00 0.01 0.35
Earnings per share from continuing operations, diluted (in dollars per share) 0.57 1.26 0.60
Earnings per share from discontinued operation, diluted (in dollars per share) $ 0.00 $ 0.01 $ 0.35