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v3.20.2

Segment Reporting (Tables) | 6 Months Ended
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Jun. 30, 2020
Segment Reporting Disclosure Of Entitys Reportable Segments [Abstract] |
Schedule of Segment Reporting Information, by Segment | The results for the two reportable segments of the Company are included in the tables below.
|  |  |  |  |  |  |  |  |  | All |  |  |  |  |  |  |  |  |
|  | Bank |  |  | ALC |  |  | Other |  |  | Eliminations |  |  | Consolidated |
|  | (Dollars in Thousands) |
As of and for the three months ended June 30, 2020: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Net interest income |  | $ | 6,442 |  |  | $ | 2,174 |  |  | $ | 7 |  |  | $ | — |  |  | $ | 8,623 |
Provision for loan losses |  |  | 530 |  |  |  | 320 |  |  |  | — |  |  |  | — |  |  |  | 850 |
Total non-interest income |  |  | 1,251 |  |  |  | 191 |  |  |  | 784 |  |  |  | (896 | ) |  |  | 1,330 |
Total non-interest expense |  |  | 6,110 |  |  |  | 2,091 |  |  |  | 538 |  |  |  | (158 | ) |  |  | 8,581 |
Income before income taxes |  |  | 1,053 |  |  |  | (46 | ) |  |  | 253 |  |  |  | (738 | ) |  |  | 522 |
Provision for income taxes |  |  | 220 |  |  |  | (14 | ) |  |  | (88 | ) |  |  | — |  |  |  | 118 |
Net income |  | $ | 833 |  |  | $ | (32 | ) |  | $ | 341 |  |  | $ | (738 | ) |  | $ | 404 |
Other significant items: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Total assets |  | $ | 848,376 |  |  | $ | 60,044 |  |  | $ | 90,684 |  |  | $ | (153,357 | ) |  | $ | 845,747 |
Total investment securities |  |  | 103,883 |  |  |  | — |  |  |  | 81 |  |  |  | — |  |  |  | 103,964 |
Total loans, net |  |  | 561,253 |  |  |  | 56,742 |  |  |  | — |  |  |  | (51,933 | ) |  |  | 566,062 |
Goodwill and core deposit intangible, net |  |  | 8,605 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 8,605 |
Investment in subsidiaries |  |  | — |  |  |  | — |  |  |  | 84,718 |  |  |  | (84,718 | ) |  |  | — |
Fixed asset additions |  |  | 223 |  |  |  | 5 |  |  |  | — |  |  |  | — |  |  |  | 228 |
Depreciation and amortization expense |  |  | 376 |  |  |  | 31 |  |  |  | — |  |  |  | — |  |  |  | 407 |
Total interest income from external customers |  |  | 6,872 |  |  |  | 2,907 |  |  |  | 1 |  |  |  | — |  |  |  | 9,780 |
Total interest income from affiliates |  |  | 733 |  |  |  | — |  |  |  | 6 |  |  |  | (739 | ) |  |  | — |
For the six months ended June 30, 2020: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Net interest income |  | $ | 12,922 |  |  | $ | 4,574 |  |  | $ | 13 |  |  | $ | — |  |  | $ | 17,509 |
Provision for loan losses |  |  | 778 |  |  |  | 652 |  |  |  | — |  |  |  | — |  |  |  | 1,430 |
Total non-interest income |  |  | 2,345 |  |  |  | 428 |  |  |  | 2,018 |  |  |  | (2,164 | ) |  |  | 2,627 |
Total non-interest expense |  |  | 12,266 |  |  |  | 4,260 |  |  |  | 894 |  |  |  | (345 | ) |  |  | 17,075 |
Income before income taxes |  |  | 2,223 |  |  |  | 90 |  |  |  | 1,137 |  |  |  | (1,819 | ) |  |  | 1,631 |
Provision for income taxes |  |  | 494 |  |  |  | 37 |  |  |  | (151 | ) |  |  | — |  |  |  | 380 |
Net income |  | $ | 1,729 |  |  | $ | 53 |  |  | $ | 1,288 |  |  | $ | (1,819 | ) |  | $ | 1,251 |
Other significant items: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Fixed asset additions |  |  | 442 |  |  |  | 19 |  |  |  | — |  |  |  | — |  |  |  | 461 |
Depreciation and amortization expense |  |  | 742 |  |  |  | 64 |  |  |  | — |  |  |  | — |  |  |  | 806 |
Total interest income from external customers |  |  | 14,129 |  |  |  | 6,047 |  |  |  | 1 |  |  |  | — |  |  |  | 20,177 |
Total interest income from affiliates |  |  | 1,473 |  |  |  | — |  |  |  | 12 |  |  |  | (1,485 | ) |  |  | — |
|  |  |  |  |  |  |  |  |  | All |  |  |  |  |  |  |  |  |
|  | Bank |  |  | ALC |  |  | Other |  |  | Eliminations |  |  | Consolidated |
|  | (Dollars in Thousands) |
As of and for the three months ended June 30, 2019: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Net interest income |  | $ | 5,986 |  |  | $ | 3,240 |  |  | $ | 7 |  |  | $ | — |  |  | $ | 9,233 |
Provision for loan losses |  |  | 90 |  |  |  | 625 |  |  |  | — |  |  |  | — |  |  |  | 715 |
Total non-interest income |  |  | 1,108 |  |  |  | 228 |  |  |  | 1,384 |  |  |  | (1,429 | ) |  |  | 1,291 |
Total non-interest expense |  |  | 5,798 |  |  |  | 2,366 |  |  |  | 493 |  |  |  | (153 | ) |  |  | 8,504 |
Income before income taxes |  |  | 1,206 |  |  |  | 477 |  |  |  | 898 |  |  |  | (1,276 | ) |  |  | 1,305 |
Provision for income taxes |  |  | 249 |  |  |  | 121 |  |  |  | (70 | ) |  |  | — |  |  |  | 300 |
Net income |  | $ | 957 |  |  | $ | 356 |  |  | $ | 968 |  |  | $ | (1,276 | ) |  | $ | 1,005 |
Other significant items: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Total assets |  | $ | 778,252 |  |  | $ | 107,911 |  |  | $ | 89,102 |  |  | $ | (198,094 | ) |  | $ | 777,171 |
Total investment securities |  |  | 136,569 |  |  |  | — |  |  |  | 80 |  |  |  | — |  |  |  | 136,649 |
Total loans, net |  |  | 501,177 |  |  |  | 104,007 |  |  |  | — |  |  |  | (93,669 | ) |  |  | 511,515 |
Goodwill and core deposit intangible, net |  |  | 9,056 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 9,056 |
Investment in subsidiaries |  |  | 5 |  |  |  | — |  |  |  | 83,436 |  |  |  | (83,436 | ) |  |  | 5 |
Fixed asset additions |  |  | 887 |  |  |  | 64 |  |  |  | — |  |  |  | — |  |  |  | 951 |
Depreciation and amortization expense |  |  | 361 |  |  |  | 35 |  |  |  | — |  |  |  | — |  |  |  | 396 |
Total interest income from external customers |  |  | 6,476 |  |  |  | 4,447 |  |  |  | — |  |  |  | — |  |  |  | 10,923 |
Total interest income from affiliates |  |  | 1,206 |  |  |  | — |  |  |  | 7 |  |  |  | (1,213 | ) |  |  | — |
For the six months ended June 30, 2019: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Net interest income |  | $ | 11,995 |  |  | $ | 6,398 |  |  | $ | 13 |  |  | $ | — |  |  | $ | 18,406 |
Provision for loan losses |  |  | 90 |  |  |  | 1,025 |  |  |  | — |  |  |  | — |  |  |  | 1,115 |
Total non-interest income |  |  | 2,186 |  |  |  | 447 |  |  |  | 2,965 |  |  |  | (3,042 | ) |  |  | 2,556 |
Total non-interest expense |  |  | 11,631 |  |  |  | 4,734 |  |  |  | 920 |  |  |  | (328 | ) |  |  | 16,957 |
Income before income taxes |  |  | 2,460 |  |  |  | 1,086 |  |  |  | 2,058 |  |  |  | (2,714 | ) |  |  | 2,890 |
Provision for income taxes |  |  | 511 |  |  |  | 264 |  |  |  | (124 | ) |  |  | — |  |  |  | 651 |
Net income |  | $ | 1,949 |  |  | $ | 822 |  |  | $ | 2,182 |  |  | $ | (2,714 | ) |  | $ | 2,239 |
Other significant items: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Fixed asset additions |  |  | 2,564 |  |  |  | 78 |  |  |  | — |  |  |  | — |  |  |  | 2,642 |
Depreciation and amortization expense |  |  | 728 |  |  |  | 68 |  |  |  | — |  |  |  | — |  |  |  | 796 |
Total interest income from external customers |  |  | 12,969 |  |  |  | 8,766 |  |  |  | 1 |  |  |  | — |  |  |  | 21,736 |
Total interest income from affiliates |  |  | 2,367 |  |  |  | — |  |  |  | 12 |  |  |  | (2,379 | ) |  |  | — |

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