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Reportable Segments (Tables) | 6 Months Ended
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Jun. 30, 2020
Segment Reporting [Abstract] |
Schedule of Financial Information for Each Reportable Segment | 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, 2020 |  | June 30, 2019
|  | 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 |  | $ | 23,709 |  | 282 |  | 6 |  |  | (6 | ) |  | 23,991 |  | $ | 22,933 |  | 155 |  | 3 |  |  | (3 | ) |  | 23,088
Interest expense |  |  | 3,723 |  | - |  | 500 |  |  | (6 | ) |  | 4,217 |  |  | 6,391 |  | - |  | 161 |  |  | (3 | ) |  | 6,549
Net interest income (loss) |  |  | 19,986 |  | 282 |  | (494 | ) |  | - |  |  | 19,774 |  |  | 16,542 |  | 155 |  | (158 | ) |  | - |  |  | 16,539
Provision for loan losses |  |  | 10,200 |  | - |  | - |  |  | - |  |  | 10,200 |  |  | 300 |  | - |  | - |  |  | - |  |  | 300
Noninterest income |  |  | 3,431 |  | 5,776 |  | - |  |  | - |  |  | 9,207 |  |  | 1,260 |  | 2,830 |  | - |  |  | - |  |  | 4,090
Noninterest expense |  |  | 10,191 |  | 2,368 |  | 85 |  |  | - |  |  | 12,644 |  |  | 9,609 |  | 1,699 |  | 60 |  |  | - |  |  | 11,368
Net income (loss) before taxes |  |  | 3,026 |  | 3,690 |  | (579 | ) |  | - |  |  | 6,137 |  |  | 7,893 |  | 1,286 |  | (218 | ) |  | - |  |  | 8,961
Income tax provision (benefit) |  |  | 728 |  | 775 |  | (44 | ) |  | - |  |  | 1,459 |  |  | 1,498 |  | 270 |  | (47 | ) |  | - |  |  | 1,721
Net income (loss) |  | $ | 2,298 |  | 2,915 |  | (535 | ) |  | - |  |  | 4,678 |  | $ | 6,395 |  | 1,016 |  | (171 | ) |  | - |  |  | 7,240
Total assets |  | $ | 2,435,095 |  | 46,645 |  | 252,371 |  |  | (251,816 | ) |  | 2,482,295 |  | $ | 2,103,085 |  | 12,497 |  | 203,335 |  |  | (202,873 | ) |  | 2,116,044
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|  | Six months ended |  | Six months ended
|  | June 30, 2020 |  | June 30, 2019
|  | 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 |  | $ | 47,378 |  | 478 |  | 10 |  |  | (10 | ) |  | 47,856 |  | $ | 44,453 |  | 247 |  | 6 |  |  | (6 | ) |  | 44,700
Interest expense |  |  | 9,057 |  | - |  | 939 |  |  | (10 | ) |  | 9,986 |  |  | 12,023 |  | - |  | 326 |  |  | (6 | ) |  | 12,343
Net interest income (loss) |  |  | 38,321 |  | 478 |  | (929 | ) |  | - |  |  | 37,870 |  |  | 32,430 |  | 247 |  | (320 | ) |  | - |  |  | 32,357
Provision for loan losses |  |  | 16,200 |  | - |  | - |  |  | - |  |  | 16,200 |  |  | 600 |  | - |  | - |  |  | - |  |  | 600
Noninterest income |  |  | 4,681 |  | 8,444 |  | - |  |  | - |  |  | 13,125 |  |  | 2,397 |  | 4,687 |  | - |  |  | - |  |  | 7,084
Noninterest expense |  |  | 20,690 |  | 4,175 |  | 151 |  |  | - |  |  | 25,016 |  |  | 19,075 |  | 2,821 |  | 120 |  |  | - |  |  | 22,016
Net income before taxes |  |  | 6,112 |  | 4,747 |  | (1,080 | ) |  | - |  |  | 9,779 |  |  | 15,152 |  | 2,113 |  | (440 | ) |  | - |  |  | 16,825
Income tax provision (benefit) |  |  | 1,499 |  | 997 |  | (227 | ) |  | - |  |  | 2,269 |  |  | 3,225 |  | 444 |  | (93 | ) |  | - |  |  | 3,576
Net income (loss) |  | $ | 4,613 |  | 3,750 |  | (853 | ) |  | - |  |  | 7,510 |  | $ | 11,927 |  | 1,669 |  | (347 | ) |  | - |  |  | 13,249
Total assets |  | $ | 2,435,095 |  | 46,645 |  | 252,371 |  |  | (251,816 | ) |  | 2,482,295 |  | $ | 2,103,085 |  | 12,497 |  | 203,335 |  |  | (202,873 | ) |  | 2,116,044

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- Definition Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8736-108599 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8813-108599 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=121556970&loc=d3e13816-109267 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8906-108599 + Details
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