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Condensed Consolidated Statements of (Loss) Income (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Sep. 30, 2022
Sep. 30, 2021
Interest income        
Loans $ 23,152 $ 19,890 $ 66,548 $ 62,724
Investment securities - taxable 2,907 1,514 6,462 5,007
Investment securities - tax-exempt 1,160 652 3,013 1,790
Short-term investments 200 135 536 255
Total interest income 27,419 22,191 76,559 69,776
Interest expense        
Deposits 1,372 937 2,758 3,410
Securities sold under agreements to repurchase 10 8 24 25
FHLB advances and other borrowings 78 123 121 458
Subordinated notes 504 503 1,510 1,507
Total interest expense 1,964 1,571 4,413 5,400
Net interest income 25,455 20,620 72,146 64,376
Provision for loan losses 1,500 365 3,575 (10)
Net interest income after provision for loan losses 23,955 20,255 68,571 64,386
Noninterest income        
Service charges on deposit accounts 977 796 2,861 2,231
Interchange income 1,014 1,030 3,059 3,049
Other service charges and fees 239 197 622 527
Swap fee income 197 67 1,935 135
Trust and investment management income 2,006 1,930 5,852 5,862
Brokerage income 947 987 2,864 2,708
Mortgage banking activities (1,014) 1,333 205 4,684
Income from life insurance 583 569 1,742 1,690
Investment securities (losses) gains (14) 479 (163) 635
Other income 1,123 263 1,749 338
Total noninterest income 6,058 7,651 20,726 21,859
Noninterest expenses        
Salaries and employee benefits 12,705 11,498 35,354 31,907
Occupancy 1,166 1,154 3,586 3,492
Furniture and equipment 1,214 1,220 3,784 3,800
Data processing 1,192 990 3,410 3,041
Automated teller and interchange fees 329 294 952 862
Advertising and bank promotions 278 735 1,514 1,434
FDIC insurance 294 218 767 570
Professional services 887 562 2,417 1,862
Directors' compensation 213 155 674 624
Taxes other than income 488 16 1,160 929
Intangible asset amortization 272 314 845 972
Provision for legal settlement 13,000 0 13,000 0
Restructuring expenses 3,155 0 3,155 0
Other operating expenses 1,219 1,879 3,952 4,358
Total noninterest expenses 36,412 19,035 74,570 53,851
(Loss) income before income tax (benefit) expense (6,399) 8,871 14,727 32,394
Income tax (benefit) expense (1,571) 1,679 2,316 6,219
Net (loss) income $ (4,828) $ 7,192 $ 12,411 $ 26,175
Per share information:        
Basic (loss) earnings per share (in usd per share) $ (0.47) $ 0.66 $ 1.17 $ 2.38
Diluted (loss) earnings per share (in usd per share) (0.47) 0.65 1.16 2.36
Dividends paid per share (in usd per share) $ 0.19 $ 0.19 $ 0.57 $ 0.55