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Reportable Segments (Tables) | 9 Months Ended
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Sep. 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
|  | September 30, 2020 |  | September 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 |  | $ | 23,102 |  | 313 |  | 3 |  |  | (3 | ) |  | 23,415 |  |  | 23,830 |  | 226 |  | 4 |  |  | (4 | ) |  | 24,056
Interest expense |  |  | 2,396 |  | - |  | 385 |  |  | (3 | ) |  | 2,778 |  |  | 6,628 |  | - |  | 153 |  |  | (4 | ) |  | 6,777
Net interest income (loss) |  |  | 20,706 |  | 313 |  | (382 | ) |  | - |  |  | 20,637 |  |  | 17,202 |  | 226 |  | (149 | ) |  | - |  |  | 17,279
Provision for loan losses |  |  | 11,100 |  | - |  | - |  |  | - |  |  | 11,100 |  |  | 650 |  | - |  | - |  |  | - |  |  | 650
Noninterest income |  |  | 1,307 |  | 6,277 |  | - |  |  | - |  |  | 7,584 |  |  | 1,341 |  | 3,055 |  | - |  |  | - |  |  | 4,396
Noninterest expense |  |  | 11,445 |  | 2,666 |  | 72 |  |  | - |  |  | 14,183 |  |  | 9,529 |  | 1,895 |  | 60 |  |  | - |  |  | 11,484
Net income (loss) before taxes |  |  | (532 | ) | 3,924 |  | (454 | ) |  | - |  |  | 2,938 |  |  | 8,364 |  | 1,386 |  | (209 | ) |  | - |  |  | 9,541
Income tax provision (benefit) |  |  | (128 | ) | 944 |  | (95 | ) |  | - |  |  | 721 |  |  | 1,882 |  | 291 |  | (44 | ) |  | - |  |  | 2,129
Net income (loss) |  | $ | (404 | ) | 2,980 |  | (359 | ) |  | - |  |  | 2,217 |  |  | 6,482 |  | 1,095 |  | (165 | ) |  | - |  |  | 7,412
Total assets |  | $ | 2,411,966 |  | 66,915 |  | 254,721 |  |  | (254,191 | ) |  | 2,479,411 |  |  | 2,187,449 |  | 13,765 |  | 234,845 |  |  | (234,433 | ) |  | 2,201,626
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|  | Nine months ended |  | Nine months ended
|  | September 30, 2020 |  | September 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 |  | $ | 70,480 |  | 791 |  | 13 |  |  | (13 | ) |  | 71,271 |  |  | 68,283 |  | 473 |  | 9 |  |  | (9 | ) |  | 68,756
Interest expense |  |  | 11,452 |  | - |  | 1,325 |  |  | (13 | ) |  | 12,764 |  |  | 18,649 |  | - |  | 480 |  |  | (9 | ) |  | 19,120
Net interest income (loss) |  |  | 59,028 |  | 791 |  | (1,312 | ) |  | - |  |  | 58,507 |  |  | 49,634 |  | 473 |  | (471 | ) |  | - |  |  | 49,636
Provision for loan losses |  |  | 27,300 |  | - |  | - |  |  | - |  |  | 27,300 |  |  | 1,250 |  | - |  | - |  |  | - |  |  | 1,250
Noninterest income |  |  | 5,987 |  | 14,721 |  | - |  |  | - |  |  | 20,708 |  |  | 3,739 |  | 7,741 |  | - |  |  | - |  |  | 11,480
Noninterest expense |  |  | 32,134 |  | 6,841 |  | 223 |  |  | - |  |  | 39,198 |  |  | 28,604 |  | 4,716 |  | 180 |  |  | - |  |  | 33,500
Net income before taxes |  |  | 5,581 |  | 8,671 |  | (1,535 | ) |  | - |  |  | 12,717 |  |  | 23,519 |  | 3,498 |  | (651 | ) |  | - |  |  | 26,366
Income tax provision (benefit) |  |  | 1,491 |  | 1,821 |  | (322 | ) |  | - |  |  | 2,990 |  |  | 5,107 |  | 735 |  | (137 | ) |  | - |  |  | 5,705
Net income (loss) |  | $ | 4,090 |  | 6,850 |  | (1,213 | ) |  | - |  |  | 9,727 |  |  | 18,412 |  | 2,763 |  | (514 | ) |  | - |  |  | 20,661
Total assets |  | $ | 2,411,966 |  | 66,915 |  | 254,721 |  |  | (254,191 | ) |  | 2,479,411 |  |  | 2,187,449 |  | 13,765 |  | 234,845 |  |  | (234,433 | ) |  | 2,201,626

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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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