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Non-interest income and Non-interest expense

<strong><em>Non-interest income and Non-interest expense</em></strong>

Non-interest income ended up being $639 thousand when it comes to 4th quarter of 2019, a small enhance of $7 thousand, or 1.1percent, set alongside the 4th quarter of 2018, and a loss of $272 thousand, or 29.9%, when compared to 3rd quarter of 2019. The decrease when compared to 3rd quarter of 2019 had been brought on by higher loan referral fee income through the quarter that is third.

Non-interest cost increased by $1.36 million, or 11.8%, into the 4th quarter of 2019 when compared to exact exact exact same duration year that is last. The year-over-year enhance had been as a result of greater salaries and worker advantages cost, associated with a rise in staff required to help our continued development, merger and purchase expenses, occupancy cost, and appropriate costs for watch list loans. Approximately $340 thousand associated with the escalation in salaries and employee advantages expense, when compared to 4th quarter of 2018, had been from the addition of a team of commercial loan providers and help staff who joined up with the financial institution through the 2nd quarter of 2019. Set alongside the 3rd quarter of 2019, non-interest cost increased $744 thousand, or 6.1%, driven by a rise in salaries and employee advantages cost, mainly pertaining to incentive settlement related to record manufacturing into the last half of the season, and marketing cost.

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