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Consolidated Statements of Income (unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Interest income:    
Loans (including fee income) $ 39,763 $ 37,612
Mortgage-backed securities, CMOs and other asset-backed securities 3,040 4,789
U.S. GSE securities 337 192
State and municipal obligations 513 627
Corporate bonds 300 336
Deposits with banks 267 544
Other interest and dividend income 382 415
Total interest income 44,602 44,515
Interest expense:    
Savings, NOW and money market deposits 4,255 6,369
Certificates of deposit of $100,000 or more 1,036 983
Other time deposits 415 562
Federal funds purchased and repurchase agreements 78 45
FHLB advances 1,033 1,098
Subordinated debentures 1,135 1,135
Total interest expense 7,952 10,192
Net interest income 36,650 34,323
Provision for credit losses 5,000 600
Net interest income after provision for credit losses 31,650 33,723
Non-interest income:    
Service charges and other fees 2,500 2,428
Net securities losses (15)  
Title fees 329 306
Gain on sale of Small Business Administration ("SBA") loans 371 217
Bank owned life insurance 548 553
Loan swap fees 1,231 1,115
Other 253 599
Total non-interest income 5,217 5,218
Non-interest expense:    
Salaries and employee benefits 15,549 13,280
Occupancy and equipment 3,499 3,531
Technology and communications 2,217 1,789
Marketing and advertising 823 1,023
Professional services 956 757
FDIC assessments 1 238
Amortization of other intangible assets 181 213
Other 1,617 1,768
Total non-interest expense 24,843 22,599
Income before income taxes 12,024 16,342
Income tax expense 2,676 3,415
Net income $ 9,348 $ 12,927
Basic earnings per share (in dollars per share) $ 0.47 $ 0.65
Diluted earnings per share (in dollars per share) $ 0.47 $ 0.65