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Consolidated Statements of Income (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Interest income    
Loans and leases $ 21,849 $ 24,207
Securities 1,188 1,095
Short-term investments 335 377
Total interest income 23,372 25,679
Interest expense    
Deposits 4,116 5,796
Federal Home Loan Bank advances and other borrowings 1,929 1,855
Junior subordinated notes 277 274
Total interest expense 6,322 7,925
Net interest income 17,050 17,754
Provision for loan and lease losses 3,182 49
Net interest income after provision for loan and lease losses 13,868 17,705
Non-interest income    
Private wealth management service fees 2,112 1,927
Gain on sale of Small Business Administration loans 265 242
Service charges on deposits 818 777
Loan fees 485 414
Increase in cash surrender value of bank-owned life insurance 295 292
Net loss on sale of securities (4) 0
Commercial loan swap fees 1,681 473
Other non-interest income 762 513
Total non-interest income 6,414 4,638
Non-interest expense    
Compensation 11,052 10,165
Occupancy 572 590
Professional fees 819 1,210
Data processing 677 581
Marketing 461 482
Equipment 291 389
Computer software 889 799
FDIC insurance 208 293
Collateral liquidation costs (recovery) 121 (91)
Net loss on foreclosed properties (102) 0
Tax credit investment impairment 113 2,014
SBA recourse provision 25 481
Other non-interest expense 816 829
Total non-interest expense 16,146 17,742
Income before income tax expense (benefit) 4,136 4,601
Income tax expense (benefit) 858 (1,298)
Net income $ 3,278 $ 5,899
Earnings per common share    
Basic $ 0.38 $ 0.67
Diluted 0.38 0.67
Dividends declared per share $ 0.17 $ 0.15