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Consolidated Statements of Income (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Interest income:    
Interest and fees on loans $ 36,860 $ 36,466
Interest and dividends on investment securities 4,582 4,946
Other interest income 211 102
Total interest income 41,653 41,514
Interest expense:    
Deposits 7,019 6,799
Short-term borrowings 892 2,305
Long-term borrowings 618 618
Total interest expense 8,529 9,722
Net interest income 33,124 31,792
Provision for credit losses 13,915 1,193
Net interest income after provision for credit losses 19,209 30,599
Noninterest income:    
Service charges on deposits 1,587 1,680
Insurance income 1,349 1,378
ATM and debit card 1,602 1,443
Investment advisory 2,246 2,216
Company owned life insurance 465 410
Investments in limited partnerships 213 232
Loan servicing 7 110
Income from derivative instruments, net 746 168
Net gain on sale of loans held for sale 304 182
Net gain (loss) on investment securities 221 (53)
Net gain on other assets 64 49
Loss on tax credit investments (40)  
Other 1,198 1,305
Total noninterest income 9,962 9,120
Noninterest expense:    
Salaries and employee benefits 15,014 14,001
Occupancy and equipment 3,756 3,473
Professional services 2,152 1,158
Computer and data processing 2,673 2,336
Supplies and postage 553 534
FDIC assessments 372 512
Advertising and promotions 555 520
Amortization of intangibles 294 323
Other 2,353 2,314
Total noninterest expense 27,722 25,171
Income before income taxes 1,449 14,548
Income tax expense 322 3,027
Net income 1,127 11,521
Preferred stock dividends 365 365
Net income available to common shareholders $ 762 $ 11,156
Earnings per common share (Note 2):    
Basic $ 0.05 $ 0.70
Diluted 0.05 0.70
Cash dividends declared per common share $ 0.26 $ 0.25