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Consolidated Statements of Operations (unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2018
Jun. 30, 2017
Jun. 30, 2018
Jun. 30, 2017
Interest income:        
Loans, including fees $ 15,344 $ 16,731 $ 31,359 $ 33,353
Securities and other investments:        
Taxable 2,093 2,416 4,140 4,743
Nontaxable 277 374 593 781
Federal funds sold 21 9 39 15
Time and interest bearing deposits in other banks 912 150 1,426 235
Other investments 92 78 179 162
Total interest income 18,739 19,758 37,736 39,289
Interest expense:        
Deposits 1,410 973 2,647 1,908
Securities sold under agreements to repurchase 25 236 66 470
Short-term FHLB advances 75 0 159 0
Long-term FHLB advances 45 91 90 179
Junior subordinated debentures 259 212 479 420
Total interest expense 1,814 1,512 3,441 2,977
Net interest income 16,925 18,246 34,295 36,312
Provision for loan losses 440 12,500 440 15,300
Net interest income after provision for loan losses 16,485 5,746 33,855 21,012
Non-interest income:        
Service charges on deposits 2,065 2,396 4,271 4,876
Gain on sale of securities, net 0 3 0 9
Loss on equity securities, other investments (51) 0 (51) 0
ATM and debit card income 1,877 1,766 3,661 3,469
Other charges and fees 991 1,058 1,830 1,913
Total non-interest income 4,882 5,223 9,711 10,267
Non-interest expenses:        
Salaries and employee benefits 7,916 9,451 15,635 18,140
Occupancy expense 3,193 4,189 6,238 7,813
ATM and debit card expense 648 713 1,223 1,434
Data processing 666 667 1,331 1,288
FDIC insurance 507 430 937 827
Legal and professional fees 1,100 936 2,789 1,321
Loss on transfer of loans to held for sale 8 0 883 0
Other 8,235 3,218 15,109 6,011
Total non-interest expenses 22,273 19,604 44,145 36,834
Income before income tax benefit (906) (8,635) (579) (5,555)
Loss tax benefit (237) (3,221) (271) (2,632)
Net loss (669) (5,414) (308) (2,923)
Dividends on preferred stock 810 811 1,620 1,622
Net loss available to common shareholders $ (1,479) $ (6,225) $ (1,928) $ (4,545)
Loss per share:        
Basic (in dollars per share) $ (0.09) $ (0.51) $ (0.12) $ (0.39)
Diluted (in dollars per share) $ (0.09) $ (0.51) $ (0.12) $ (0.39)
Weighted average number of shares outstanding:        
Basic (in shares) 16,526 12,227 16,511 11,749
Diluted (in shares) 16,529 12,237 16,514 11,762
Dividends declared per common share (in dollars per share) $ 0.01 $ 0.09 $ 0.02 $ 0.18