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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Interest income:    
Loans, including fees $ 26,434 $ 24,975
Securities available-for-sale:    
Taxable 679 971
Tax-exempt 283 424
Federal funds sold and other earning assets 602 573
Total interest income 27,998 26,943
Interest expense:    
Deposits 4,754 5,251
Securities sold under agreements to repurchase 5 8
Federal Home Loan Bank advances and other borrowings 84 103
Subordinated debt 584 584
Total interest expense 5,427 5,946
Net interest income 22,571 20,997
Provision for loan losses 3,200 797
Net interest income after provision for loan losses 19,371 20,200
Noninterest income:    
Service charges on deposit accounts 770 654
Mortgage banking 584 282
Investment services 437 169
Insurance commissions 269 0
Interchange and debit card transaction fees 276 175
Other 482 418
Total noninterest income 2,818 1,698
Noninterest expense:    
Salaries and employee benefits 10,006 8,398
Occupancy and equipment 1,911 1,640
FDIC insurance 180 179
Other real estate and loan related expense 545 490
Advertising and marketing 198 295
Data processing 538 615
Professional services 711 662
Amortization of intangibles 362 344
Software as service contracts 470 567
Merger related and restructuring expenses 2,096 923
Other 1,776 1,466
Total noninterest expense 18,793 15,579
Income before income tax expense 3,396 6,319
Income tax expense 664 1,588
Net income $ 2,732 $ 4,731
Earnings per common share:    
Basic (in dollars per share) $ 0.19 $ 0.34
Diluted (in dollars per share) $ 0.19 $ 0.34
Weighted average common shares outstanding:    
Basic (in shares) 14,395,103 13,942,016
Diluted (in shares) 14,479,671 14,018,163