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Consolidated Statements of Operations (unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Mar. 31, 2019
Mar. 31, 2018
Interest income:    
Loans, including fees $ 12,987 $ 16,015
Securities and other investments:    
Taxable 3,071 2,047
Nontaxable 255 316
Interest bearing deposits in other banks 1,132 619
Total interest income 17,445 18,997
Interest expense:    
Deposits 1,680 1,238
Securities sold under agreements to repurchase 14 40
Federal Home Loan Bank advances 81 129
Junior subordinated debentures 287 220
Total interest expense 2,062 1,627
Net interest income 15,383 17,370
Provision for loan losses 7,600 0
Net interest income after provision for loan losses 7,783 17,370
Non-interest income:    
Service charges on deposits 1,793 2,206
ATM and debit card income 1,925 1,784
Credit card income 520 371
Gain on sale of securities, net 373 0
Gain on sale of loans, net 1,274 0
Other charges and fees 388 468
Total non-interest income 6,273 4,829
Non-interest expenses:    
Salaries and employee benefits 9,700 7,719
Occupancy expense 3,307 3,045
ATM and debit card expense 624 576
Data processing 848 665
Regulatory remediation expense 0 3,926
Legal and professional fees 1,883 1,689
Loss on transfer of loans to held for sale 0 875
Other 3,524 3,378
Total non-interest expenses 19,886 21,873
(Loss) Income before income tax benefit (5,830) 326
Income tax benefit 0 (34)
Net (loss) income (5,830) 360
Dividends on preferred stock 810 810
Net loss available to common shareholders $ (6,640) $ (450)
Basic loss per common share (in dollars per share) $ (0.40) $ (0.03)
Diluted loss per common share (in dollars per share) $ (0.40) $ (0.03)
Weighted average number of shares outstanding:    
Basic (in shares) 16,674 16,495
Diluted (in shares) 16,674 16,500
Dividends declared per common share (in dollars per share) $ 0.01 $ 0.01