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Consolidated Statements of Income (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Jun. 30, 2020
Jun. 30, 2019
Interest and Dividend Income:        
Interest and fees on loans $ 21,379 $ 22,629 $ 42,700 $ 38,267
Interest and dividends on securities:        
Taxable 1,646 1,980 3,683 3,801
Tax-exempt 111 239 223 526
Dividends 128 105 260 189
Other interest income 33 258 297 524
Total interest and dividend income 23,297 25,211 47,163 43,307
Interest Expense:        
Interest on deposits 2,478 3,520 5,790 5,992
Interest on short-term borrowings 66 178 195 350
Interest on long-term borrowings 0 14 0 14
Interest on subordinated debt 123 122 245 122
Interest on junior subordinated debt 370 388 754 772
Total interest expense 3,037 4,222 6,984 7,250
Net Interest Income 20,260 20,989 40,179 36,057
Provision for (recovery of) loan losses 4,759 (10) 5,712 6
Net Interest Income After Provision for (Recovery of) Loan Losses 15,501 20,999 34,467 36,051
Noninterest Income:        
Securities gains, net 0 147 814 470
Brokerage fees 172 186 383 333
Income (loss) from Small Business Investment Companies (119) (137) (64) 31
Losses on premises and equipment, net 0 (87) (82) (87)
Other 444 315 718 506
Total noninterest income 3,835 3,682 8,330 7,133
Noninterest Expense:        
Salaries 4,805 7,048 10,864 11,712
Employee benefits 1,386 1,425 2,687 2,655
Occupancy and equipment 1,327 1,431 2,693 2,515
FDIC assessment 176 169 271 294
Bank franchise tax 425 412 851 702
Core deposit intangible amortization 417 458 844 513
Data processing 785 717 1,548 1,249
Software 403 321 759 645
Other real estate owned, net 15 (44) 6 (31)
Merger related expenses 0 10,871 0 11,322
Other 2,693 3,508 5,243 5,669
Total noninterest expense 12,432 26,316 25,766 37,245
Income (Loss) Before Income Taxes 6,904 (1,635) 17,031 5,939
Income Tax Expense (Benefit) 1,422 (405) 3,007 1,166
Net Income (Loss) $ 5,482 $ (1,230) $ 14,024 $ 4,773
Net Income (Loss) Per Common Share:        
Basic (in dollars per share) $ 0.50 $ (0.11) $ 1.28 $ 0.48
Diluted (in dollars per share) $ 0.50 $ (0.11) $ 1.28 $ 0.48
Weighted Average Common Shares Outstanding:        
Basic (in shares) 10,959,545 11,126,800 10,992,365 9,942,566
Diluted (in shares) 10,963,248 11,126,800 10,997,279 9,952,115
Fiduciary and Trust [Member]        
Noninterest Income:        
Noninterest Income $ 953 $ 933 $ 1,965 $ 1,847
Deposit Account [Member]        
Noninterest Income:        
Noninterest Income 541 724 1,262 1,318
Financial Service, Other [Member]        
Noninterest Income:        
Noninterest Income 951 1,015 1,892 1,723
Mortgage Banking [Member]        
Noninterest Income:        
Noninterest Income $ 893 $ 586 $ 1,442 $ 992