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Discontinued Operations | 6 Months Ended
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Jun. 30, 2020
Discontinued Operations [Abstract] |
Discontinued Operations | Note 2 – Discontinued Operations On December 31, 2018, the Company completed the sale of the specific assets and activities related to its insurance agency, Avon-Dixon Agency, LLC (“Avon-Dixon”) to Avon-Dixon, an Alera Group Agency, LLC (“Alera”). Also, on this date the Company discontinued the operations of its premium finance company, Mubell Finance, LLC (“Mubell”). Together, Avon-Dixon and Mubell are referred to as the “Insurance Subsidiaries”. The Insurance Subsidiaries represented the Company’s insurance products and services segment, the activities of which related to originating, servicing and underwriting retail insurance policies. Certain other assets and liabilities to be sold or settled separately within one year, were classified as discontinued operations in the Company’s consolidated financial statements. All of the remaining assets and liabilities of discontinued operations were settled prior to December 31, 2019. There were no assets or liabilities of discontinued operations at June 30, 2020 or December 31, 2019. The following table presents the financial information of discontinued operations for the periods indicated:
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ |  | For Six Months Ended
​ | ​ |  | June 30,
($ in thousands) |  |  | 2020 |  | 2019
Noninterest income | ​ | ​ | ​ | ​ | ​ | ​ | ​
All other income | ​ | ​ | $ | — | ​ | $ | 14
Total noninterest income | ​ | ​ |  | — | ​ |  | 14
Noninterest expense | ​ | ​ | ​ | ​ | ​ | ​ | ​
Salaries and wages | ​ | ​ |  | — | ​ |  | 31
Employee benefits | ​ | ​ |  | — | ​ |  | 7
Occupancy expense | ​ | ​ |  | — | ​ |  | 18
Furniture and equipment | ​ | ​ | ​ | — | ​ | ​ | 1
Legal and professional fees | ​ | ​ |  | — | ​ |  | 64
Other noninterest expenses | ​ | ​ |  | — | ​ |  | (8)
Total noninterest expense | ​ | ​ |  | — | ​ |  | 113
Loss from discontinued operations before income taxes | ​ | ​ |  | — | ​ |  | (99)
Income tax benefit | ​ | ​ |  | — | ​ |  | (25)
Loss from discontinued operations | ​ | ​ | $ | — | ​ | $ | (74)
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- Definition The entire disclosure related to a disposal group. Includes, but is not limited to, a discontinued operation, disposal classified as held-for-sale or disposed of by means other than sale or disposal of an individually significant component. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 360 -URI http://asc.fasb.org/topic&trid=2155823 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -URI http://asc.fasb.org/subtopic&trid=2122178 + Details
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