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Non-interest Income and Expense (Tables)
9 Months Ended
Sep. 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
September 30,
Nine months ended
September 30,
(dollars in thousands)2020201920202019
ATM and interchange fees$5,637 $5,427 $15,913 $15,412 
Service charges on deposit accounts3,334 4,327 10,426 12,389 
Other service fees805 808 2,296 2,198 
Mortgage banking service fees457 483 1,386 1,441 
Change in value of mortgage servicing rights236 (455)(2,258)(1,652)
Total service charges and fees10,469 10,590 27,763 29,788 
Increase in cash value of life insurance773 773 2,203 2,294 
Asset management and commission income667 721 2,244 2,102 
Gain on sale of loans3,035 1,236 5,662 2,223 
Lease brokerage income175 172 495 631 
Sale of customer checks91 126 303 401 
Gain on sale of investment securities107 107 
Gain on marketable equity securities— 22 72 100 
Other(80)361 (135)1,688 
Total other non-interest income4,668 3,518 10,851 9,546 
Total non-interest income$15,137 $14,108 $38,614 $39,334 
Components of Non Interest Expense
The components of non-interest expense were as follows (in thousands):
Three months ended
September 30,
Nine months ended
September 30,
2020201920202019
Base salaries, net of deferred loan origination costs$18,754 $17,656 $53,654 $51,624 
Incentive compensation2,184 3,791 7,680 10,064 
Benefits and other compensation costs8,383 5,452 22,314 17,058 
Total salaries and benefits expense29,321 26,899 83,648 78,746 
Occupancy3,440 3,711 10,713 11,223 
Data processing and software3,561 3,411 10,585 10,114 
Equipment1,549 1,679 4,411 5,298 
Intangible amortization1,431 1,431 4,293 4,293 
Advertising869 1,358 2,065 4,222 
ATM and POS network charges1,314 1,343 3,897 3,936 
Professional fees955 999 2,399 2,895 
Telecommunications619 867 1,983 2,437 
Regulatory assessments and insurance538 94 993 1,095 
Postage118 438 691 1,063 
Operational losses154 228 559 679 
Courier service345 357 1,013 1,039 
Gain on sale of foreclosed assets— (50)(57)(246)
Loss on disposal of fixed assets22 37 82 
Other miscellaneous expense2,478 3,577 9,783 11,617 
Total other non-interest expense17,393 19,445 53,365 59,747 
Total non-interest expense$46,714 $46,344 $137,013 $138,493