XML 29 R17.htm IDEA: XBRL DOCUMENT
v3.19.2

Reportable Segments | 6 Months Ended
--- | ---
Jun. 30, 2019
Segment Reporting [Abstract] |
Reportable Segments | NOTE 10 – Reportable Segments The Company’s reportable segments represent the distinct product lines the Company offers and are viewed separately for strategic planning purposes by management. The three segments include Commercial and Retail Banking, Mortgage Banking, and Corporate. The following schedule presents financial information for each reportable segment.
|  | Three months ended |  | Three months ended
|  | June 30, 2019 |  | June 30, 2018
|  | Commercial |  |  |  |  |  |  |  |  |  |  |  | Commercial |  |  |  |  |  |  |  |  |  |
|  | and Retail |  | Mortgage |  |  |  |  | Elimin- |  | Consol- |  | and Retail |  | Mortgage |  |  |  |  | Elimin- |  | Consol-
(dollars in thousands) |  | Banking |  | Banking |  | Corporate |  | ations |  | idated |  | Banking |  | Banking |  | Corporate |  | ation |  | idated
Interest income |  | $ | 22,933 |  | 155 |  | 3 |  |  | (3 | ) |  | 23,088 |  | $ | 18,437 |  | 98 |  | 2 |  |  | (2 | ) |  | 18,535
Interest expense |  |  | 6,391 |  | - |  | 161 |  |  | (3 | ) |  | 6,549 |  |  | 3,762 |  | - |  | 163 |  |  | (2 | ) |  | 3,923
Net interest income (loss) |  |  | 16,542 |  | 155 |  | (158 | ) |  | - |  |  | 16,539 |  |  | 14,675 |  | 98 |  | (161 | ) |  | - |  |  | 14,612
Provision for loan losses |  |  | 300 |  | - |  | - |  |  | - |  |  | 300 |  |  | 400 |  | - |  | - |  |  | - |  |  | 400
Noninterest income |  |  | 1,260 |  | 2,830 |  | - |  |  | - |  |  | 4,090 |  |  | 1,142 |  | 1,629 |  | - |  |  | - |  |  | 2,771
Noninterest expense |  |  | 9,609 |  | 1,699 |  | 60 |  |  | - |  |  | 11,368 |  |  | 8,754 |  | 1,165 |  | 60 |  |  | - |  |  | 9,979
Net income (loss) before taxes |  |  | 7,893 |  | 1,286 |  | (218 | ) |  | - |  |  | 8,961 |  |  | 6,663 |  | 562 |  | (221 | ) |  | - |  |  | 7,004
Income tax provision (benefit) |  |  | 1,498 |  | 270 |  | (47 | ) |  | - |  |  | 1,721 |  |  | 1,422 |  | 118 |  | (46 | ) |  | - |  |  | 1,494
Net income (loss) |  | $ | 6,395 |  | 1,016 |  | (171 | ) |  | - |  |  | 7,240 |  | $ | 5,241 |  | 444 |  | (175 | ) |  | - |  |  | 5,510
Total assets |  | $ | 2,103,085 |  | 12,497 |  | 203,335 |  |  | (202,873 | ) |  | 2,116,044 |  | $ | 1,777,952 |  | 9,404 |  | 174,331 |  |  | (173,903) |  |  | 1,787,784
|  | Six months ended |  | Six months ended
|  | June 30, 2019 |  | June 30, 2018
|  | Commercial |  |  |  |  |  |  |  |  |  |  |  | Commercial |  |  |  |  |  |  |  |  |  |
|  | and Retail |  | Mortgage |  |  |  |  | Elimin- |  | Consol- |  | and Retail |  | Mortgage |  |  |  |  | Elimin- |  | Consol-
(dollars in thousands) |  | Banking |  | Banking |  | Corporate |  | ations |  | idated |  | Banking |  | Banking |  | Corporate |  | ations |  | idated
Interest income |  | $ | 44,453 |  | 247 |  | 6 |  |  | (6 | ) |  | 44,700 |  | $ | 35,515 |  | 198 |  | 4 |  |  | (4 | ) |  | 35,713
Interest expense |  |  | 12,023 |  | - |  | 326 |  |  | (6 | ) |  | 12,343 |  |  | 6,782 |  | - |  | 282 |  |  | (4 | ) |  | 7,060
Net interest income (loss) |  |  | 32,430 |  | 247 |  | (320 | ) |  | - |  |  | 32,357 |  |  | 28,733 |  | 198 |  | (278 | ) |  | - |  |  | 28,653
Provision for loan losses |  |  | 600 |  | - |  | - |  |  | - |  |  | 600 |  |  | 900 |  | - |  | - |  |  | - |  |  | 900
Noninterest income |  |  | 2,397 |  | 4,687 |  | - |  |  | - |  |  | 7,084 |  |  | 2,235 |  | 2,957 |  | - |  |  | - |  |  | 5,192
Noninterest expense |  |  | 19,075 |  | 2,821 |  | 120 |  |  | - |  |  | 22,016 |  |  | 16,935 |  | 2,129 |  | 120 |  |  | - |  |  | 19,184
Net income before taxes |  |  | 15,152 |  | 2,113 |  | (440 | ) |  | - |  |  | 16,825 |  |  | 13,133 |  | 1,026 |  | (398 | ) |  | - |  |  | 13,761
Income tax provision (benefit) |  |  | 3,225 |  | 444 |  | (93 | ) |  | - |  |  | 3,576 |  |  | 2,906 |  | 215 |  | (84 | ) |  | - |  |  | 3,037
Net income (loss) |  | $ | 11,927 |  | 1,669 |  | (347 | ) |  | - |  |  | 13,249 |  | $ | 10,227 |  | 811 |  | (314 | ) |  | - |  |  | 10,724
Total assets |  | $ | 2,103,085 |  | 12,497 |  | 203,335 |  |  | (202,873 | ) |  | 2,116,044 |  | $ | 1,777,952 |  | 9,404 |  | 174,331 |  |  | (173,903) |  |  | 1,787,784
Commercial and retail banking. The Company’s primary business is to provide traditional deposit and lending products and services to its commercial and retail banking clients. Mortgage banking. The mortgage banking segment provides mortgage loan origination services for loans that will be sold in the secondary market to investors. Corporate. Corporate is comprised primarily of compensation and benefits for certain members of management and interest on parent company debt.

X
- References No definition available. + Details
Name: | us-gaap_SegmentReportingAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -URI http://asc.fasb.org/topic&trid=2134510 + Details
Name: | us-gaap_SegmentReportingDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration