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Non-interest Income and Expense (Tables)
6 Months Ended
Jun. 30, 2020
Other Income and Expenses [Abstract]  
Components of Non-Interest Income
The following table summarizes the Company’s non-interest income for the periods indicated:
Three months ended
June 30,
Six months ended
June 30,
(dollars in thousands)2020201920202019
ATM and interchange fees$5,165  $5,404  $10,276  $9,985  
Service charges on deposit accounts3,046  4,182  7,092  8,062  
Other service fees734  619  1,492  1,390  
Mortgage banking service fees459  475  928  958  
Change in value of mortgage servicing rights(1,236) (552) (2,494) (1,197) 
Total service charges and fees8,168  10,128  17,294  19,198  
Increase in cash value of life insurance710  746  1,430  1,521  
Asset management and commission income661  739  1,577  1,381  
Gain on sale of loans1,736  575  2,627  987  
Lease brokerage income127  239  320  459  
Sale of customer checks88  135  212  275  
Gain on sale of investment securities—  —  —  —  
Gain on marketable equity securities25  42  72  78  
Other142  819  (55) 1,327  
Total other non-interest income3,489  3,295  6,183  6,028  
Total non-interest income$11,657  $13,423  $23,477  $25,226  
Components of Non Interest Expense
The components of non-interest expense were as follows (in thousands):
Three months ended
June 30,
Six months ended
June 30,
2020201920202019
Base salaries, net of deferred loan origination costs$17,277  $17,211  $34,900  $33,968  
Incentive compensation2,395  3,706  5,496  6,273  
Benefits and other compensation costs7,383  5,802  13,931  11,606  
Total salaries and benefits expense27,055  26,719  54,327  51,847  
Occupancy3,398  3,738  7,273  7,512  
Data processing and software3,657  3,354  7,024  6,703  
Equipment1,350  1,752  2,862  3,619  
Intangible amortization1,431  1,431  2,862  2,862  
Advertising531  1,533  1,196  2,864  
ATM and POS network charges1,210  1,270  2,583  2,593  
Professional fees741  1,057  1,444  1,896  
Telecommunications639  773  1,364  1,570  
Regulatory assessments and insurance360  490  455  1,001  
Postage283  315  573  625  
Operational losses184  226  405  451  
Courier service337  412  668  682  
Gain on sale of foreclosed assets(16) (99) (57) (198) 
Loss on disposal of fixed assets15  42  15  66  
Other miscellaneous expense4,530  3,684  7,530  8,056  
Total other non-interest expense18,650  19,978  36,197  40,302  
Total non-interest expense$45,705  $46,697  $90,524  $92,149