SB One Bancorp (SBBX) 10-K 10 Mar 20 2019 FY Annual report Financial data

Document And Entity Information

Document And Entity Information - USD ($)	12 Months Ended
	Dec. 31, 2019	Mar. 03, 2020	Jun. 30, 2019
Document And Entity Information [Abstract]
Document Type	10-K
Amendment Flag	false
Document Period End Date	Dec. 31, 2019
Document Fiscal Period Focus	FY
Document Fiscal Year Focus	2019
Entity Registrant Name	SB ONE BANCORP
Entity Central Index Key	0001028954
Current Fiscal Year End Date	--12-31
Entity Filer Category	Accelerated Filer
Entity Public Float			$ 210,391,032
Entity Voluntary Filers	No
Entity Well-known Seasoned Issuer	No
Entity Shell Company	false
Entity Emerging Growth Company	false
Entity Interactive Data Current	Yes
Entity Small Business	true
Entity Current Reporting Status	Yes
Entity Common Stock, Shares Outstanding		9,415,505

CONSOLIDATED BALANCE SHEETS

CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Dec. 31, 2019	Dec. 31, 2018
ASSETS
Cash and due from banks	$ 9,525	$ 11,768
Interest-bearing deposits with other banks	34,161	14,910
Cash and cash equivalents	43,686	26,678
Interest bearing time deposits with other banks	200	200
Securities available for sale, at fair value	212,181	182,139
Securities held to maturity, at amortized cost (fair value of $4,083 and $4,151 at December 31, 2019 and December 31, 2018, respectively)	4,012	4,078
Other Bank Stock, at cost	12,498	11,764
Loans receivable, net of unearned income	1,628,846	1,474,775
Less: allowance for loan losses	10,267	8,775
Net loans receivable	1,618,579	1,466,000
Foreclosed real estate	3,793	4,149
Premises and equipment, net	19,080	19,215
Right-of-use assets, net	4,644
Accrued interest receivable	6,175	6,546
Goodwill and intangibles	29,039	29,446
Bank-owned life insurance	37,209	35,778
Other assets	10,561	9,710
Total Assets	2,001,657	1,795,703
Deposits:
Non-interest bearing	258,311	259,807
Interest bearing	1,266,730	1,094,132
Total deposits	1,525,041	1,353,939
Short-term borrowings	193,000	175,295
Long-term borrowings	40,114	44,611
Lease liability	4,727
Accrued interest payable and other liabilities	11,677	8,555
Subordinated debentures	27,869	27,859
Total Liabilities	1,802,428	1,610,259
Stockholders' Equity:
Common stock, no par value, 15,000,000 shares authorized; 9,589,201 and 9,532,943 shares issued and 9,357,994 and 9,532,943 shares outstanding at December 31, 2019 and December 31, 2018, respectively	151,165	150,419
Treasury stock, at cost; 231,207 shares at December 31, 2019	(5,132)
Deferred compensation obligation under Rabbi Trust	1,852	1,647
Retained earnings	54,706	35,192
Accumulated other comprehensive (loss)	(1,510)	(167)
Stock held by Rabbi Trust	(1,852)	(1,647)
Total Stockholders' Equity	199,229	185,444
Total Liabilities and Stockholders' Equity	$ 2,001,657	$ 1,795,703

CONSOLIDATED BALANCE SHEETS (Pa

CONSOLIDATED BALANCE SHEETS (Parenthetical) - USD ($) $ in Thousands	Dec. 31, 2019	Dec. 31, 2018
CONSOLIDATED BALANCE SHEETS
Securities held to maturity, fair value	$ 4,083	$ 4,151
Preferred stock authorized (in shares)	1,000,000	1,000,000
Preferred stock issued (in shares)	0	0
Common stock authorized (in shares)	15,000,000	15,000,000
Common stock issued (in shares)	9,589,201	9,532,943
Common stock outstanding (in shares)	9,357,994	9,532,943
Treasury stock (in shares)	231,207

CONSOLIDATED STATEMENTS OF INCO

CONSOLIDATED STATEMENTS OF INCOME AND COMPREHENSIVE INCOME - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
INTEREST INCOME
Loans receivable, including fees	$ 75,537	$ 51,359
Securities:
Taxable	5,466	3,507
Tax-exempt	1,048	1,744
Interest bearing deposits	258	99
Total Interest Income	82,309	56,709
INTEREST EXPENSE
Deposits	17,595	8,078
Borrowings	4,388	3,288
Subordinated debentures	1,266	1,263
Total Interest Expense	23,249	12,629
Net Interest Income	59,060	44,080
PROVISION FOR LOAN LOSSES	2,531	1,437
Net Interest Income after Provision for Loan Losses	56,529	42,643
NON -INTERST INCOME
Bank-owned life insurance	931	761
Investment brokerage fees	134	104
Net gain on sales of securities	2,055	36
Net (loss) gain on disposal of premises and equipment	(334)	9
Total Non-Interest Income	14,345	10,749
NON-INTEREST EXPENSES
Salaries and employee benefits	24,934	20,710
Occupancy, net	3,383	2,776
Data processing	3,992	3,351
Furniture and equipment	1,345	1,194
Advertising and promotion	545	587
Professional fees	1,687	1,412
Director fees	637	550
FDIC assessment	706	529
Insurance	126	210
Stationary and supplies	331	285
Merger-related expenses		5,804
Loan collection costs	276	255
Net expenses and write-downs related to foreclosed real estate	286	324
Amortization of intangible assets	406	247
Other	2,581	2,176
Total Non-Interest Expenses	41,235	40,410
Income before Income Taxes	29,639	12,982
EXPENSE FOR INCOME TAXES	7,096	3,059
Net Income	22,543	9,923
OTHER COMPREHENSIVE INCOME:
Unrealized gain (loss) on available for sale securities arising during the period	4,614	(1,966)
Fair value adjustments on derivatives	(4,538)	(116)
Fair value adjustments on retirement benefits		11
Reclassification adjustment for net (gain) on securities transactions included in net income	(2,055)	(36)
Income tax related to items of other comprehensive income	636	553
Other comprehensive (loss), net of income taxes	(1,343)	(1,554)
Comprehensive income	$ 21,200	$ 8,369
EARNINGS PER SHARE
Basic (in dollars per share)	$ 2.41	$ 1.26
Diluted (in dollars per share)	$ 2.40	$ 1.25
Service fees on deposit accounts
NON -INTERST INCOME
Revenue from contract with customer	$ 1,403	$ 1,290
ATM and debit card fees
NON -INTERST INCOME
Revenue from contract with customer	1,075	983
Insurance commissions and fees
NON -INTERST INCOME
Revenue from contract with customer	8,017	6,640
Other
NON -INTERST INCOME
Revenue from contract with customer	$ 1,064	$ 926

CONSOLIDATED STATEMENTS OF STOC

CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY - USD ($) $ in Thousands	Common Stock	Deferred Compensation Obligation Under Rabbi Trust	Retained Earnings	Accumulated Other Comprehensive Income	Stock Held by Rabbi Trust	Treasury Stock	Total
Beginning balance at Dec. 31, 2017	$ 65,274	$ 1,399	$ 27,532	$ 1,387	$ (1,399)		$ 94,193
Beginning balance (in shares) at Dec. 31, 2017	6,040,564
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net Income			9,923				9,923
Other comprehensive loss				(1,554)			(1,554)
Shares issued in merger	$ 84,329						84,329
Shares issued in merger (in shares)	3,446,482
Funding of Supplemental Director Retirement Plan		248			(248)		0
Restricted stock granted (in shares)	50,045
Restricted stock forfeited (in shares)	(4,148)
Compensation expense related to stock option and restricted stock grants	$ 816						816
Dividends declared on common stock			(2,263)				(2,263)
Ending balance at Dec. 31, 2018	$ 150,419	1,647	35,192	(167)	(1,647)		$ 185,444
Ending balance (in shares) at Dec. 31, 2018	9,532,943						9,532,943
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net Income			22,543				$ 22,543
Other comprehensive loss				(1,343)			(1,343)
Common Stock repurchased						$ (5,132)	(5,132)
Common Stock repurchased (in shares)	(231,221)
Funding of Supplemental Director Retirement Plan		205			(205)		0
Options Exercised	$ (314)						(314)
Options Exercised (in shares)	14
Restricted stock granted (in shares)	74,670
Restricted stock forfeited (in shares)	(18,412)
Compensation expense related to stock option and restricted stock grants	$ 1,060						1,060
Dividends declared on common stock			(3,029)				(3,029)
Ending balance at Dec. 31, 2019	$ 151,165	$ 1,852	$ 54,706	$ (1,510)	$ (1,852)	$ (5,132)	$ 199,229
Ending balance (in shares) at Dec. 31, 2019	9,357,994						9,357,994

CONSOLIDATED STATEMENTS OF ST_2

CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY (Parenthetical) - $ / shares	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY
Dividends declared (in dollars per share)	$ 0.32	$ 0.285

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Cash Flows from Operating Activities
Net income	$ 22,543	$ 9,923
Adjustments to reconcile net income to net cash provided by operating activities:
Provision for loan losses	2,531	1,437
Depreciation and amortization	2,049	1,836
Net amortization of securities premiums and discounts	1,678	2,046
Amortization of subordinated debt issuance costs	10	11
Net realized (gain) on sale of securities	(2,055)	(36)
Net realized loss (gain) on disposal of premises and equipment	334	(9)
Net realized (gain) on sale of foreclosed real estate	(115)	(18)
Write-downs of and provisions for foreclosed real estate	156	218
Deferred income tax (benefit)	(562)	(446)
Earnings on bank-owned life insurance	(931)	(761)
Compensation expense for stock options and restricted stock grants	1,061	816
Decrease decrease (increase) in assets:
Accrued interest receivable	371	(2,370)
Other assets	(4,944)	3,138
Increase in accrued interest payable and other liabilities	4,273	418
Net Cash Provided by Operating Activities	26,399	16,203
Cash Flows from Investing Activities
Net cash acquired in acquisition	0	15,846
Securities available for sale:
Purchases	(141,584)	(101,664)
Sales	103,285	82,725
Maturities, calls and principal repayments	11,220	9,659
Securities held to maturity:
Purchases	(1,490)	(1,279)
Maturities, calls and principal repayments	1,529	2,466
Net (increase) in loans	(156,717)	(161,240)
Proceeds from the sale of foreclosed real estate	1,922	836
Purchases of bank premises and equipment	(2,432)	(1,426)
Proceeds from the sale of premises and equipment	590	53
Purchases of bank owned life insurance	(500)	(5,000)
Net (increase) in other bank stock	(734)	(3,304)
Net Cash Used in Investing Activities	(184,911)	(162,328)
Cash Flows from Financing Activities
Net increase in deposits	171,102	92,970
Net (decrease) in short-term borrowed funds	17,705	85,450
Proceeds from long-term borrowings	15,122	0
Repayment of long-term borrowings	(19,620)	(15,000)
Net proceeds from capital raise	0	0
Purchase of treasury stock	(5,446)	0
Dividends paid	(3,029)	(2,263)
Net Cash Provided by Financing Activities	175,834	161,157
Net increase in Cash and Cash Equivalents	17,322	15,032
Cash and Cash Equivalents - Beginning	26,678	11,646
Cash and Cash Equivalents - Ending	44,000	26,678
Supplementary Cash Flows Information
Interest paid	23,263	11,619
Income taxes paid	2,606	3,111
Supplementary Schedule of Noncash Investing and Financing Activities
Foreclosed real estate acquired in settlement of loans	1,607	348
Other real estate owned transferred from fixed assets	0	0
Non-cash assets acquired:
Other bank stock	0	3,535
Securities available for sale	0	78,102
Loans	0	493,180
Foreclosed real estate	0	2,562
Premises and equipment	0	11,034
Interest receivable	0	1,704
Bank owned life insurance	0	7,963
Goodwill and intangibles assets	0	26,872
Other assets	0	4,841
Total non-cash assets acquired	0	629,793
Liabilities assumed:
Deposits	0	(498,478)
Borrowings	0	(59,106)
Other liabilities	0	(3,726)
Total liabilities assumed	0	(561,310)
Common stock issued for acquisitions	$ 0	$ (84,329)

SUMMARY OF SIGNIFICANT ACCOUNTI

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	12 Months Ended
	Dec. 31, 2019
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	NOTE 1 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Principles of Consolidation The consolidated financial statements include the accounts of SB One Bancorp (the “Company”), formerly Sussex Bancorp, and its wholly owned subsidiary, SB One Bank (the “Bank”), formerly Sussex Bank. The Bank’s wholly owned subsidiaries are SCB Investment Company, Inc., SCBNY Company, Inc., Community Investing Company, Inc., ClassicLake Enterprises, LLC, GFR Maywood LLC, 490 Boulevard Realty Corp., PPD Holding Company, LLC and SB One Insurance Agency, Inc. (“SB One Insurance Agency”), formerly Tri-State Insurance Agency, Inc. All intercompany transactions and balances have been eliminated in consolidation. Organization and Nature of Operations The Company’s business is conducted principally through the Bank. The Bank is a New Jersey state chartered bank and provides full banking services. The Bank generates commercial, mortgage and consumer loans and receives deposits from customers at its seven branches located in Sussex County, New Jersey, two branches in Essex County, New Jersey, one branch in Warren County, New Jersey, one branch in Bergen County, New Jersey, one branch in Middlesex County, New Jersey, one branch in Union County, New Jersey, and one in Queens County, New York. As a state bank, the Bank is subject to regulation by the New Jersey Department of Banking and Insurance and the Federal Deposit Insurance Corporation. The Company is subject to regulation by the Federal Reserve Board. SCB Investment Company, Inc., Community Investing Company, Inc. and SCBNY Company, Inc. hold portions of the Bank’s investment portfolio. SB One Insurance provides insurance agency services mostly through the sale of property and casualty insurance policies. ClassicLake Enterprises, LLC, and PPD Holding Company, LLC, GFR Maywood LLC and 490 Boulevard Realty Corp. hold certain foreclosed properties. In 2018, the Company opened a corporate office in Rockaway, New Jersey, a regional office and corporate centers in Wantage, New Jersey and Rochelle Park, New Jersey. In 2019, the Company opened a corporate office in Paramus, New Jersey. Estimates The preparation of consolidated financial statements in conformity with accounting principles generally accepted in the United States of America (“U.S. GAAP”) requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the consolidated financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. Material estimates that are particularly susceptible to significant change in the near term relate to the determination of the other-than-temporary impairment, allowance for loan losses, valuation of foreclosed real estate, valuation of goodwill, the valuation of deferred tax assets and the fair value of financial instruments. Business Combinations The Company accounts for business combinations under the purchase method of accounting. The application of this method of accounting requires the use of significant estimates and assumptions in the determination of the fair value of assets acquired and liabilities assumed in order to properly allocate purchase price consideration between assets that are amortized, accreted or depreciated from those that are recorded as goodwill. Our estimates of the fair values of assets acquired and liabilities assumed are based upon assumptions that we believe to be reasonable, and whenever necessary, include assistance from independent third-party appraisal and valuation firms. Significant Group Concentrations of Credit Risk Most of the Company’s activities are with customers located within Sussex, Bergen, and Essex Counties and adjacent counties in the states of New Jersey, New York and Pennsylvania. Notes 4 and 5 discuss the types of securities that the Company invests in. The types of lending that the Company engages are included in Note 6. Although the Company has a diversified loan portfolio, its debtors’ ability to honor their contracts is influenced by the region’s economy. The Company does not have any significant concentrations in any one industry or customer. Cash and Cash Equivalents For purposes of the consolidated statements of cash flows, cash and cash equivalents include highly liquid instruments with original maturities of less than 90 days, primarily, balances due from banks, interest bearing deposits with banks and federal funds sold. Generally, federal funds are purchased and sold for one-day periods. Securities Securities are designated at the time of acquisition as available for sale or held to maturity. Securities that the Company will hold for indefinite periods of time and that might be sold in the future as part of efforts to manage interest rate risk or in response to changes in interest rates, changes in prepayment risk, changes in market conditions or changes in economic factors are classified as available for sale. Securities available for sale are carried at fair value, with unrealized gains and losses excluded from earnings and reported in other comprehensive income (loss), net of related deferred tax effect. Securities that the Company has the positive intent and ability to hold to maturity are designated as held to maturity regardless of changes in market conditions, liquidity needs or changes in general economic conditions and carried at amortized cost. Purchase premiums and discounts are recognized in interest income using the level yield method over the earlier of call date or contractual terms of the securities. Gains and losses realized on sales of securities are determined on the specific identification method and are reported in non-interest income. The Company periodically evaluates the security portfolio to determine if a decline in the fair value of any security below its cost basis is other-than-temporary. The Company’s evaluation of other-than-temporary impairment considers the duration and severity of the impairment, the company’s intent and ability to hold the securities and our assessments of the reason for the decline in value and the likelihood of a near-term recovery. If a determination is made that a debt security is other-than-temporarily impaired, the Company will estimate the amount of the unrealized loss that is attributable to credit and all other non-credit related factors. The credit related component will be recognized as an other-than-temporary impairment charge in non-interest income. The non-credit related component will be recorded as an adjustment to accumulated other comprehensive income (“AOCI”), net of tax. Federal Home Loan Bank Stock Federal law requires a member institution of the Federal Home Loan Bank (“FHLB”) system to hold stock of its district FHLB according to a predetermined formula. Based on redemption provisions of the FHLB, the stock has no quoted market value and is carried at cost. The FHLB stock was carried at $12.1 million and $11.4 million for the years ended December 31, 2019 and 2018, respectively. Loans Receivable Loans receivable that management has the intent and ability to hold for the foreseeable future or until maturity or payoff are stated at their outstanding unpaid principal balances, net of an allowance for loan losses and any deferred fees or costs. Interest income is accrued on the unpaid principal balance. Loan origination fees, net of certain direct origination costs, are deferred and recognized as an adjustment of the yield (interest income) of the related loans. The Bank is generally amortizing these amounts over the contractual life of the loan. The loans receivable portfolio is segmented into commercial, residential and consumer loans. Commercial loans consist of the following classes: commercial and industrial, commercial real estate, and construction loans. Residential and consumer loans consist of the following classes: residential real estate, consumer and other loans. For all classes of loans, the accrual of interest is discontinued when the contractual payment of principal or interest has become 90 days past due or management has serious doubts about further collectability of principal or interest, even though the loan is currently performing. A loan may remain on accrual status if it is in the process of collection and is either guaranteed or well secured. When a loan is placed on nonaccrual status, unpaid interest credited to income in the current year is reversed and unpaid interest accrued in prior years is charged against the allowance for loan losses. Interest received on nonaccrual loans including impaired loans generally are either applied against principal or reported as interest income, according to management’s judgment as to the collectability of principal. Generally, loans are restored to accrual status when the obligation is brought current, has performed in accordance with the contractual terms for a reasonable period of time (generally six months) and the ultimate collectability of the total contractual principal and interest is no longer in doubt. The past due status of all classes of loans receivable is determined based on contractual due dates for loan payments. PCI loans are loans acquired at a discount rate, in part, to credit quality. PCI loans are accounted for in accordance with ASC Subtopic 310‑30, “Loans and Debt Securities Acquired with Deteriorated Credit Quality”, and are initially recorded at fair value (as determined by the present value of expected future cash flows) with no valuation allowance (i.e., the allowance for loan losses). The difference between the undiscounted cash flows expected at acquisition and the initial carrying amount (fair value) of the PCI loans, or the “accretable yield,” is recognized as interest income utilizing the level-yield method over the life of the loans. Contractually required payments for interest and principal that exceed the undiscounted cash flows expected at acquisition, or the “non-accretable difference,” are not recognized as a yield adjustment, as a loss accrual or a valuation allowance. Reclassifications of the non-accretable difference to the accretable yield may occur subsequent to the loan acquisition dates due to increases in expected cash flows of the loans and would result in an increase in yield on a prospective basis. Allowance for Loan Losses The allowance for loan losses represents the amount, which, in management’s judgment, will be adequate to absorb credit losses inherent in the loan portfolio as of the balance sheet date. The adequacy of the allowance is determined by management’s evaluation of the loan portfolio based on factors such as the differing economic risks associated with each loan category, the current financial condition of specific borrowers, the economic environment in which borrowers operate, the level of delinquent loans, the value of any collateral and, where applicable, the existence of any guarantees or indemnifications. The allowance for loan losses is established through the provision for loan losses charged against income. Loans deemed to be uncollectible are charged against the allowance for loan losses, and subsequent recoveries, if any, are credited to the allowance for loan losses. The allowance for loan losses consists of specific, general and unallocated components. The specific component relates to loans that are classified as impaired. For such loans, an allowance is established when the discounted cash flows, collateral value or observable market price is lower than the carrying value for that loan. The general component covers all other loans and is based on historical loss factors adjusted for general economic factors and other qualitative risk factors such as changes in delinquency trends, industry concentrations and local/national economic trends. The allowance contains reserves identified as unallocated. These reserves reflect management’s attempt to ensure that the overall allowance reflects a margin for imprecision and the uncertainty that is inherent in estimates of probable credit losses. A loan is considered impaired when, based on current information and events, it is probable that the Company will be unable to collect the scheduled payments of principal or interest when due according to the contractual terms of the loan agreement. Factors considered by management in determining impairment include payment status and the probability of collecting scheduled principal and interest payments when due. Loans that experience insignificant payment delays and payment shortfalls generally are not classified as impaired. Management determines the significance of payment delays and payment shortfalls on a case-by-case basis, taking into consideration all of the circumstances surrounding the loan and the borrower, including the length of the delay, the reasons for the delay, the borrower’s prior payment record and the amount of the shortfall in relation to the principal and interest owed. Impairment is measured on a loan by loan basis for commercial and industrial, commercial real estate and construction loans by either the present value of expected future cash flows discounted at the loan’s effective interest rate, the loan’s observable market price or the fair value of the collateral if the loan is collateral dependent. Troubled Debt Restructurings (“TDR”) A modification to the terms of a loan is generally considered a TDR if the Company grants a concession to the borrower that it would not otherwise consider for economic or legal reasons related to the debtor’s financial difficulties. A TDR may include, but is not necessarily limited to, the modification of loan terms such as a temporary or permanent reduction of the loan’s stated interest rate, extension of the maturity date and/or reduction or deferral of amounts owed under the terms of the loan agreement. All restructured loans that qualify as TDRs are placed on nonaccrual status for a period of no less than six months after restructuring, irrespective of the borrower’s adherence to a TDR’s modified repayment terms during which time TDRs continue to be adversely classified and reported as impaired. TDRs may be returned to accrual status if (1) the borrower has performed in accordance with the terms of the restructured loan agreement for no less than six consecutive months after restructuring, and (2) the Company expects to receive all principal and interest owed in accordance with the terms of the restructured loan agreement. If these conditions are met the loan may also be returned to a non-adverse classification while retaining its impaired status. Transfers of Financial Assets Transfers of financial assets are accounted for as sales when control over the assets has been surrendered. Control over transferred assets is deemed to be surrendered when (1) the assets have been isolated from the Company, (2) the transferee obtains the right (free of conditions that constrain it from taking advantage of that right) to pledge or exchange the transferred assets, and (3) the Company does not maintain effective control over the transferred assets through an agreement to repurchase them before their maturity. Foreclosed Real Estate Foreclosed real estate is primarily comprised of property acquired through a foreclosure proceeding or acceptance of a deed-in-lieu of foreclosure. Foreclosed real estate is initially recorded at fair value, less cost to sell at the date of foreclosure, establishing a new cost basis. Subsequent to foreclosure, valuations are periodically performed by management and the assets are carried at the lower of carrying amount or fair value less costs to sell. Revenues and expenses from operations and changes in the valuation allowance are included in expenses related to foreclosed real estate. We may obtain physical possession of real estate loans via foreclosure on an in-substance repossession. As of December 31, 2019, we held $3.8 million in foreclosed real estate properties as a result of obtaining physical possession. As of December 31, 2018, we held $4.1 million in foreclosed real estate properties as a result of obtaining physical possession. Premises and Equipment Land is carried at cost. Premises and equipment are stated at cost less accumulated depreciation. Depreciation is computed on the straight-line method over the following estimated useful lives of the related assets: Years Buildings and building improvements 20 – 40 Leasehold improvements 5 – 10 Furniture, fixtures and equipment 5 – 10 Computer equipment and software 3 – 5 The Company periodically evaluates impairment of long-lived assets to be held and used or to be disposed of by sale. There was no impairment of long-lived assets at any of the reported periods. Bank-owned Life Insurance (“BOLI”) BOLI is carried at the amount that could be realized under the Company’s life insurance contracts as of the date of the consolidated balance sheets and is classified as a non-interest earning asset. BOLI involves purchasing life insurance by the Company on a chosen group of employees in order to fund certain employee and director benefits. The Company is the owner and beneficiary of the policies. Increases in the carrying value are recorded as other income in the consolidated statements of income and insurance proceeds received are generally recorded as a reduction of the carrying value. The carrying value consists of cash surrender value of $37.2 million at December 31, 2019 and $35.8 million at December 31, 2018. Goodwill and intangible assets Goodwill represents the excess of the purchase price over the fair market value of net assets acquired. At December 31, 2019 and 2018, the Company has recorded goodwill totaling $27.3 million and $27.3 million, respectively, consisting of $22.3 million from the acquisition of Community in 2018, $2.2 million from the acquisition of Enterprise in 2018, $2.3 million from the acquisition of an insurance agency in 2001 and $486 thousand from the acquisition of a bank branch in 2006. In accordance with current accounting standards, goodwill is not amortized, but evaluated at least annually for impairment. Any impairment of goodwill results in a charge to income. The Company periodically assesses whether events and changes in circumstances indicate that the carrying amounts of goodwill and intangible assets may be impaired. The estimated fair value of each reporting segment exceeded its book value; therefore, no write-down of goodwill was required. Goodwill related to acquisitions is not deductible for tax purposes. The balance of other intangible assets at December 31, 2019 totaled $1.7 million representing the remaining unamortized balance of the core deposit intangibles ascribed to the value of deposits acquired by the Bank through the acquisitions of Community in January 2018 and Enterprise in December 2018. The Company reported $2.1 million in intangible assets at December 31, 2018. Core deposit premiums represent the intangible value of depositor relationships assumed in purchase acquisitions and are amortized on an accelerated basis over 10 years. Advertising Costs The Company follows the policy of charging the costs of advertising to expense as incurred. Income Taxes The Company accounts for income taxes under the asset/liability method in accordance with Financial Accounting Standards Board (“FASB”) Accounting Standards Codification 740, Income Taxes . The income tax guidance results in two components of income tax expense: current and deferred. Current income tax expense reflects taxes to be paid or refunded for the current period by applying the provisions of the enacted tax law to the taxable income or excess of deductions over revenues. Deferred tax assets and liabilities are recognized for the future tax consequences attributable to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax bases, as well as operating loss and tax credit carry forwards. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. The effect on deferred tax assets and liabilities of a change in tax rates is recognized in income in the period in which they occur. A valuation allowance is established against deferred tax assets when, in the judgment of management, it is more likely than not that such deferred tax assets will not become available. Because the judgment about the level of future taxable income is dependent to a great extent on matters that may, at least in part, be beyond the Company’s control, it is at least reasonably possible that management’s judgment about the need for a valuation allowance for deferred taxes could change in the near term. In connection with the accounting guidance related to accounting for uncertainty in income taxes, which sets out a consistent framework to determine the appropriate level of tax reserves to maintain for uncertain tax positions, the Company has evaluated its tax positions as of December 31, 2019. A tax position is recognized as a benefit only if it is “more likely than not” that the tax position would be sustained in a tax examination, with a tax examination being presumed to occur. The amount recognized is the largest amount of the tax benefit that has more than a 50 percent likelihood of being realized on examination. For tax positions not meeting the “more likely than not” test, no tax benefit is recorded. Under the “more likely than not” threshold guidelines, the Company believes no significant uncertain tax positions exist, either individually or in the aggregate, that would give rise to the non-recognition of an existing tax benefit. As of December 31, 2019 the Company had no material unrecognized tax benefits or accrued interest or penalties. The Company’s policy is to account for interest as a component of interest expense and penalties as a component of other expense. The Company and its subsidiaries file a consolidated federal income tax return as well as income tax returns in the States of New Jersey, New York and Pennsylvania. The Company’s federal and state income tax returns subsequent to 2016 remain subject to examination by respective tax authorities. Off-Balance Sheet Financial Instruments In the ordinary course of business, the Bank has entered into off-balance sheet financial instruments consisting of commitments to extend credit and letters of credit. Such financial instruments are recorded in the balance sheet when they are funded. Derivatives The Company utilizes derivative instruments in the form of interest rate swaps to hedge the variability in its cash flows due to interest rate risk. The variability in cash flows is managed as part of the Company’s asset/liability management process. In accordance with accounting requirements, the Company formally designates all of its hedging relationships as cash flow hedges, intended to offset changes in the cash flows of certain financial instruments due to movement in interest rates, and documents the strategy for undertaking the hedge transactions and its method of assessing ongoing effectiveness. All derivatives are recognized as either assets or liabilities in the Consolidated Financial Statements at their fair values. Should the cash flow hedge become ineffective, the ineffective portion of changes in fair value (i.e. gain or loss) is reported in current period earnings. The effective portion of the change in fair value is initially recorded as a component of other comprehensive income net of deferred tax. Derivative effectiveness and ineffectiveness will be assessed and measured at the date of designation (inception), each reporting date, and ongoing ensure that ongoing high effectiveness is expected by regression analysis of the periodic change in fair value of the hedging instrument and the periodic change in fair value of the hypothetical derivative. The Company’s interest rate derivatives are comprised entirely of interest rate swaps hedging floating-rate and forecasted issuances of fixed-rate liabilities and accounted for as cash flow hedges. The carrying value of interest rate derivatives is included in the balance of other assets or other liabilities. Stock Compensation Plans The Company currently has multiple stock plans in place for employees and directors of the Company. U.S. GAAP requires that the compensation cost relating to share-based payment transactions be recognized in financial statements. The share-based compensation accounting guidance requires that compensation cost for all stock awards be calculated and recognized over a defined vesting period. For awards with graded-vesting, compensation cost is recognized on a straight-line basis over the requisite vesting period for the entire award. A Black-Scholes model is used to estimate the fair value of stock options, while the market price of the Company’s common stock at the date of grant is used for restricted stock awards. If pre-vesting termination (forfeiture) occurs, then any expense recognized to date can be reversed. Effective in 2016, the Company and Bank amended the Directors’ Deferred Compensation Agreement (“DCA”) to permit directors of the Company and Bank to defer their board fees in the form of shares of to be held in Rabbi Trust. Fees deferred in the form of shares placed in the Rabbi Trust are accounted for and disclosed in accordance with the applicable guidance specific to deferred compensation plans involving Rabbi Trusts contained within Accounting Standards Codification (“ASC”) section 710. Earnings per Share Basic earnings per share represents net income available to common stockholders divided by the weighted-average number of common shares outstanding during the period. The weighted-average common shares outstanding include the weighted-average number of shares of common stock outstanding and the weighted average number of unvested shares of participating restricted stock. Diluted earnings per share reflect additional common shares that would have been outstanding if dilutive potential common shares had been issued, as well as any adjustment to income that would result from the assumed issuance. Potential common shares that may be issued by the Company relate to unexercised outstanding stock options. Potential common shares related to stock options are determined using the treasury stock method. Shares held by the Rabbi Trust are treated as treasury stock for purposes of basic and diluted earnings per share calculations while the related share obligations are reflection in the denominator of the earnings per share calculations in accordance with the provisions of ASC 260‑10‑45. Comprehensive Income Comprehensive income includes net income and all other changes in equity during a period except those resulting from investments by owners and distributions to owners. Other comprehensive income includes revenues, expenses, gains and losses that under U.S. GAAP are included in comprehensive income but excluded from net income. Comprehensive income and accumulated other comprehensive income (“AOCI”) are reported net of related income taxes. AOCI for the Company consists of unrealized holding gains or losses on securities available for sale and fair value adjustments on derivatives. Segment Reporting The Company acts as an independent community financial services provider and offers traditional banking and related financial services to individual, business and government customers. Through its branch and automated teller machine networks, the Bank offers a full array of commercial and retail financial services, including taking of time, savings and demand deposits; the making of commercial, consumer and mortgage loans; and the providing of other financial services. Management does not separately allocate expenses, including the cost of funding loan demand, between the commercial, retail, trust and mortgage banking operations of the Bank. As such, discrete financial information is not available and segment reporting would not be meaningful. The Company’s insurance agency is managed separately from the traditional banking and related financial services that the Company offers. The insurance operations provides primarily property and casualty coverage. See Note 3 for segment reporting of insurance operations. Insurance Agency Operations SB One Insurance is a retail insurance broker operating in the State of New Jersey. The insurance agency’s primary source of revenue is commission income, which is earned by placing insurance coverage for its customers with various insurance underwriters. The insurance agency places basic property and casualty, life and health coverage with about twenty different insurance carriers. There are two main billing processes, direct billing (currently accounts for approximately 80% of revenues) and agency billing. Revenue Recognition of SB One Insurance Agency Commission revenues are recognized as of the effective date of the insurance policy or the date on which the policy premium is processed into our systems, whichever is later. Commission revenues related to installment billings are recognized on the latter of effective or invoiced date. Subsequent commission adjustments are recognized upon our receipt of notification from insurance companies concerning matters necessitating such adjustments. Profit-sharing contingent commissions are recognized when determinable, based on our best estimate of earned amounts and other pertinent factors. Subsequent Events The Company has evaluated events and transactions occurring subsequent to the balance sheet date of December 31, 2019 for items that should potentially be recognized or disclosed in these financial statements. The evaluation was conducted through the date these financial statements were issued. New Accounting Standards In February 2016, FASB issued Accounting Standards Update (“ASU”) 2016-02, Leases (Topic 842). Under the new guidance, lessees are required to recognize the following for all leases (with the exception of short-term leases) at the commencement date: (i) a lease liability, which is a lessee’s obligation to make lease payments arising from a lease, measured on a discounted basis; and (ii) a right-of-use asset, which is an asset that represents the lessee’s right to use, or control the use of, a specified asset for the lease term. Under the new guidance, lessor accounting is largely unchanged. Public business entities should apply the amendments in ASU 2016-02 for fiscal years beginning after December 15, 2018, including interim periods within those fiscal years. Early application is permitted for all public business entities upon issuance. Lessees (for capital and operating leases) and lessors (for sales-type, direct financing, and operating leases) must apply a modified retrospective transition approach for leases existing at, or entered into after, the beginning of the earliest comparative period presented in the financial statements. In July 2018, the FASB issued ASU 2018-10, Codification Improvements to Topic 842, Leases which was issued to clarify and correct untended application of the guidance in ASU 2016-02 (Topic 842). The amendments in this ASU affect aspects of the guidance issued in ASU 2016-02 and provide clarification to related topics, such as 1) Rate implicit in the lease; 2) Reassessment of leases; 3) Transition guidance; and 4) Impairment of net investment in the lease. In July 2018, the FASB also issued ASU 2018-11 Leases (Topic 842) Targeted Improvements, which provides guidance related to comparative reporting requirements for initial adoption and separating lease and non-lease components. Currently, entities are required to adopt the new standard utilizing the modified retrospective approach. This amendment provides entities with an additional transition method which allows entities to initially apply the new leases standard at the adoption date and recognize a cumulative-effect adjustment to the opening balance of retained earnings in the period of adoption. Currently, ASU 2016-02 provides a practical expedient to lessees to allow them to not separate non-lease components from lease components; however, it does not provide a similar practical expedient to lessors. This amendment provides a practical expedient to lessors which allows them the option to not separate non-lease components from the associated lease components. However, the lessor practical expedient is limited to circumstances in which the non

ACQUISITIONS

ACQUISITIONS	12 Months Ended
	Dec. 31, 2019
ACQUISITIONS
ACQUISITIONS	NOTE 2 – ACQUISITIONS On January 4, 2018 the Company announced the successful closing of the merger with Community Bank of Bergen County, NJ, a New Jersey-chartered bank (“Community”) in an all-stock transaction (the “Community Merger”). The Community Merger enhanced and expanded SB One Bank’s presence in Bergen County, New Jersey with the addition of 3 full service branch locations in that county, which complements SB One Bank’s existing location in Oradell, New Jersey. Under the terms of the agreement, Community merged with and into SB One Bank, with SB One Bank being the surviving entity and each outstanding share of Community common stock was exchanged for 0.97 shares of the Company’s common stock. The Company issued 1,873,028 shares of its common stock, having an aggregate fair value of $51.9 million in the Community Merger and paid approximately $2 thousand in cash for fractional shares. Outstanding Community stock options were paid out in cash by the Company for a total payment of $140 thousand. Expenses related to the Community merger totaled $0.0 million and $4.0 million for the years ended December 31, 2019 and 2018, respectively. On December 21, 2018, the Company announced the successful completion of the merger with Enterprise Bank N.J. (“Enterprise”) in an all-stock transaction (the "Enterprise Merger"). The Enterprise Merger is expected to enhance and expand the Company’s presence in Union, Middlesex and Essex Counties, New Jersey with the addition of 4 full service branch locations in those counties. Pursuant to the terms of the merger agreement, Enterprise merged with and into SB One Bank and each outstanding share of Enterprise common stock was exchanged for 0.4538 shares of the Company’s common stock. The Company issued 1,573,454 shares of its common stock, having an aggregate fair value of $32.4 million and paid approximately $1 thousand in cash for fractional shares. Outstanding Enterprise stock options were paid out in cash by the Company for a total payment of $1.6 million. Expenses related to the Enterprise merger totaled $0.0 million and $1.8 million for the years ended December 31, 2019 and 2018, respectively. Community The Community acquisition was accounted for under the acquisition method of accounting. Accordingly, the assets acquired and liabilities assumed in the acquisition were recorded at their estimated fair values based on management’s best estimate using information available at the date of the acquisition, including the use of a third party valuation specialist. The following table summarized the estimated fair value of the acquired assets and liabilities assumed at the date of acquisition for Community. (Dollars in thousands) January 4, 2018 Cash and cash equivalents $ 6,693 Interest bearing time deposits with other banks 100 Securities available for sale 75,909 Other bank stock 1,155 Loans 236,010 Foreclosed real estate 1,312 Premises and equipment, net 10,612 Accrued interest receivable 824 Goodwill (banking segment) 22,298 Intangibles assets 1,331 Bank-owned life insurance 7,963 Other assets 1,677 Total Assets $ 365,884 Deposits $ (301,157) Borrowings (12,000) Other liabilities (844) Total Liabilities $ (314,001) Net consideration paid - common shares issued $ 51,883 The fair values of deposit liabilities with no stated maturities such as checking, money market and savings accounts, were assumed to equal the carrying amounts since these deposits are payable on demand. The fair values of certificates of deposits and IRAs represent the present value of contractual cash flows discounted at market rates for similar certificates of deposit. The Company has finalized the accounting as a result of the merger with Community. Fair values of the major categories of assets acquired and liabilities assumed were determined as follows: Investment securities available-for-sale The estimated fair values of the investment securities available for sale, primarily comprised of U.S. Government agency mortgage-backed securities, U.S. government agencies and municipal bonds, were determined using open market pricing provided by multiple independent securities brokers. Management reviewed the open market quotes used in pricing the securities. A fair value discount of $261 thousand was recorded on the investments. Loans Loans acquired in the Community acquisition were recorded at fair value, and there was no carryover related allowance for loan and lease losses. The fair values of loans acquired from Community were estimated using cash flow projections based on the remaining maturity and repricing terms. Cash flows were adjusted for estimated future credit losses and the rate of prepayments. Projected cash flows were then discounted to present value using a risk-adjusted market rate for similar loans. The fair value of the acquired loans receivable had a gross amortized cost basis of $242.5 million. The table below illustrates the fair value adjustments made to the amortized cost basis in order to present a fair value of the loans acquired. The credit adjustment on purchased credit impaired loans is derived in accordance with ASC 310‑30 and represents the portion of the loan balances that has been deemed uncollectible based on the Company’s expectations of future cash flows for each respective loan on a level yield amortization over 3.5 years. (Dollars in thousands) Gross amortized cost basis at January 4, 2018 $ 242,471 Fair value adjustment on general pooled loans (3,737) Credit fair value adjustment on purchased credit impaired loans (2,724) Fair value of acquired loans at January 4, 2018 $ 236,010 For loans acquired without evidence of credit quality deterioration, the Company prepared the interest rate loan fair value and credit fair value adjustments. Loans were grouped into general pools by characteristics such as loan type, term, collateral and rate. Market rates for similar loans were obtained from various internal and external data sources and reviewed by management for reasonableness. The average of these rates was used as the fair value interest rate a market participant would utilize. A present value approach was utilized to calculate the interest rate fair value premium of $324 thousand. Additionally for loans acquired without credit deterioration, a credit fair value adjustment was calculated using a two-part credit fair value analysis: 1) expected lifetime credit migration losses; and 2) estimated fair value adjustment for certain qualitative factors. The expected lifetime losses were calculated using historical losses observed at the Bank, Community and peer banks. The Company also estimated an environmental factor to apply to each loan type. The environmental factor represents potential discount which may arise due to general credit and economic factors. A credit fair value discount of $4.1 million was determined. Both the interest rate and credit fair value adjustments relate to performing loans and loans acquired with evidence of credit quality deterioration will be substantially recognized as interest income on a level yield amortization method over the weighted average life of the loans of 4 years. The following is a summary of the loans accounted for in accordance with ASC 310‑30 that were acquired in the Community acquisition as of the closing date. Acquired Credit (Dollars in thousands) Impaired Loans Contractually required principal and interest at acquisition $ 6,289 Contractual cash flows not expected to be collected (non-accretable difference) 1,819 Expected cash flows at acquisition 4,470 Interest component of expected cash flows (accretable difference) 846 Fair value of acquired loans $ 3,624 Bank Premises The Company acquired three branches of Community, all of which were owned by Community, at a premium of $3.5 million. The fair value of Community’s premises was determined based upon independent third-party appraisals performed by licensed appraisers in the market in which the premises are located which will be amortized on a straight line basis over 40 years. Core Deposit Intangible The fair value of the core deposit intangible was determined based on a discounted cash flow analysis using a discount rate commensurate with market participants. To calculate cash flows, deposit account servicing costs (net of deposit fee income) and interest expense on deposits were compared to the cost of alternative funding sources available through national brokered CD offering rates. The projected cash flows were developed using projected deposit attrition rates. The core deposit intangible will be amortized over ten years using the sum-of-years digits method. The core deposit intangible totaled $1.3 million and is being amortized over its estimated useful life of approximately 10 years using an accelerated method of the sum of the years digits. The goodwill will be evaluated annually for impairment. The goodwill is not deductible for tax purposes. The goodwill recognized from the merger with Community was created based on the consideration paid by the Company for enhancing its presence in the Bergen County, NJ area in addition to our expected synergies from the combined operations of the Company and Community. Time Deposits The fair value adjustment for time deposits represents a discount from the value of the contractual repayments of fixed-maturity deposits using prevailing market interest rates for similar-term time deposits. The time deposit discount of approximately $965 thousand is being amortized into income on a level yield amortization method over the contractual life of the deposits of 22.5 months and a weighted average life of 16.5 months. Bank Owned Life Insurance Community’s bank-owned life insurance book value was $8.0 million with no fair value adjustment. Borrowings The Company acquired borrowings at Community’s carrying value of $12.0 million with no fair value adjustment. The remaining maturity of Community’s borrowings was less than thirty days at a weighted average cost of funds equivalent to the current market rate for the similar term borrowing type. The following table presents certain pro forma information as if Community had been acquired on January 1, 2017 and January 1, 2018. These results combine the historical results of the Company in the Company’s Consolidated Statements of Income and, while certain adjustments were made for the estimated impact of certain fair value adjustments and other acquisition-related activity, they are not indicative of what would have occurred had the acquisition taken place on January 1, 2017 and January 1, 2018. In particular, no adjustments have been made to eliminate the amount of Community’s provision for loan losses that would not have been necessary had the acquired loans been recorded at fair value as of January 1, 2017 and January 1, 2018. The Company expects to achieve further operating cost savings and other business synergies as a result of the acquisition which are not reflected in the pro forma amounts below: Year Ended Year Ended (Dollars in thousands) December 31, 2018 December 31, 2017 Total revenues (net interest income plus non-interest income) $ 54,941 $ 47,280 Net Income 9,935 6,257 Basic and diluted earnings per share applicable to common stockholders $ 1.25 $ 0.79 Following the closing of the Community Merger on January 4, 2018, the Company reported the results of the combined Company. The Company cannot disaggregate the additional revenue and income before extraordinary items provided by Community since the Company operates as one consolidated entity on its internal systems. The cumulative effect to the Company’s net income and net income per share are reported on a consolidated basis for the period ended December 31, 2018. Enterprise The Enterprise acquisition was accounted for under the acquisition method of accounting. Accordingly, the assets acquired and liabilities assumed in the acquisition were recorded at their estimated fair values based on management’s best estimate using information available at the date of the acquisition, including the use of a third party valuation specialist. The following table summarized the estimated fair value of the acquired assets and liabilities assumed at the date of acquisition for Enterprise. (Dollars in thousands) December 21, 2018 Cash and cash equivalents, net of stock options paid in cash $ 9,153 Securities available for sale 2,193 Other bank stock 2,380 Loans 257,170 Foreclosed real estate 1,250 Premises and equipment, net 422 Accrued interest receivable 880 Goodwill (banking segment) 2,204 Intangibles assets 1,039 Other assets 3,064 Total Assets $ 279,755 Deposits $ (197,321) Borrowings (47,106) Other liabilities (2,882) Total Liabilities $ (247,309) Net consideration paid - common shares issued $ 32,446 The fair values of deposit liabilities with no stated maturities such as checking, money market and savings accounts, were assumed to equal the carrying amounts since these deposits are payable on demand. The fair values of certificates of deposits and IRAs represent the present value of contractual cash flows discounted at market rates for similar certificates of deposit. Fair values of the major categories of assets acquired and liabilities assumed were determined as follows: Investment securities available-for-sale The estimated fair values of the investment securities available for sale, primarily comprised of U.S. Government agency mortgage-backed securities, U.S. government agencies and municipal bonds, were determined using open market pricing provided by multiple independent securities brokers. Management reviewed the open market quotes used in pricing the securities. A fair value discount of $100 thousand was recorded on the investments. Loans Loans acquired in the Enterprise acquisition were recorded at fair value, and there was no carryover related allowance for loan and lease losses. The fair values of loans acquired from Enterprise were estimated using cash flow projections based on the remaining maturity and repricing terms. Cash flows were adjusted for estimated future credit losses and the rate of prepayments. Projected cash flows were then discounted to present value using a risk-adjusted market rate for similar loans. The fair value of the acquired loans receivable had a gross amortized cost basis of $262.1 million. The table below illustrates the fair value adjustments made to the amortized cost basis in order to present a fair value of the loans acquired. There was no credit adjustment for purchased credit impaired loans in the Enterprise acquisition. (Dollars in thousands) Gross amortized cost basis at December 21, 2018 $ 262,126 Fair value adjustment on general pooled loans (4,956) Fair value of acquired loans at December 21, 2018 $ 257,170 For loans acquired without evidence of credit quality deterioration, the Company prepared the interest rate loan fair value and credit fair value adjustments. Loans were grouped into general pools by characteristics such as loan type, term, collateral and rate. Market rates for similar loans were obtained from various internal and external data sources and reviewed by management for reasonableness. The average of these rates was used as the fair value interest rate a market participant would utilize. A present value approach was utilized to calculate the interest rate fair value discount of $1.1 million. Additionally for loans acquired without credit deterioration, a credit fair value adjustment was calculated using a two-part credit fair value analysis: 1) expected lifetime credit migration losses; and 2) estimated fair value adjustment for certain qualitative factors. The expected lifetime losses were calculated using historical losses observed at the Bank, Enterprise and peer banks. The Company also estimated an environmental factor to apply to each loan type. The environmental factor represents potential discount which may arise due to general credit and economic factors. A credit fair value discount of $3.9 million was determined. Both the interest rate and credit fair value adjustments will be substantially recognized as interest income on a level yield amortization method over the expected life of the loans. Bank Premises The Company acquired four branches of Enterprise, all of which were leased by Enterprise, at a discount of $282 thousand. The fair value of Enterprise’s premises was determined based upon independent third-party appraisals performed by licensed appraisers in the market in which the premises are located which will be amortized on a straight line basis over 3 years. Core Deposit Intangible The fair value of the core deposit intangible was determined based on a discounted cash flow analysis using a discount rate commensurate with market participants. To calculate cash flows, deposit account servicing costs (net of deposit fee income) and interest expense on deposits were compared to the cost of alternative funding sources available through national brokered CD offering rates. The projected cash flows were developed using projected deposit attrition rates. The core deposit intangible will be amortized over ten years using the sum-of-years digits method. The core deposit intangible totaled $1.0 million and is being amortized over its estimated useful life of approximately 10 years using an accelerated method of the sum of the years digits. The goodwill will be evaluated annually for impairment. The goodwill is not deductible for tax purposes. The goodwill recognized from the merger with Enterprise was created based on the consideration paid by the Company for enhancing its presence in the Bergen County, NJ area in addition to our expected synergies from the combined operations of the Company and Enterprise. Time Deposits The fair value adjustment for time deposits represents a discount from the value of the contractual repayments of fixed-maturity deposits using prevailing market interest rates for similar-term time deposits. The time deposit discount of approximately $1.0 million is being amortized into income on a level yield amortization method over the contractual life of the deposits of 11.4 months and a weighted average life of 11.4 months. Borrowings The Company acquired borrowings at Enterprise’s carrying value of $47.3 million at a weighted average rate of 2.23% with a fair value adjustment of $149 thousand. The fair value of borrowings represents the present value of the borrowings expected contracted payments discounted by market rates for similar borrowings. Market rates were obtained from the FHLB of New York as of December 21, 2018. The following table presents certain pro forma information as if Enterprise had been acquired on January 1, 2017 and January 1, 2018. These results combine the historical results of the Company in the Company’s Consolidated Statements of Income and, while certain adjustments were made for the estimated impact of certain fair value adjustments and January 1, 2017 and January 1, 2018. In particular, no adjustments have been made to eliminate the amount of Enterprise’s provision for loan losses that would not have been necessary had the acquired loans been recorded at fair value as of January 1, 2017 and January 1, 2018. The Company expects to achieve further operating cost savings and other business synergies as a result of the acquisition which are not reflected in the pro forma amounts below: Year Ended Year Ended (Dollars in thousands) December 31, 2018 December 31, 2017 Total revenues (net interest income plus non-interest income) $ 64,827 $ 46,175 Net Income 12,496 7,283 Basic and diluted earnings per share applicable to common stockholders $ 1.80 $ 0.84 The merger transaction was accounted for using the acquisition method of accounting and, accordingly, assets acquired, liabilities assumed, and consideration exchanged were recorded at estimated fair values on the acquisition date. Management has finalized the accounting in connection with the merger and has assessed the fair value of loans, other assets and other liabilities which can result in an adjustment to the Company’s goodwill and deferred tax asset. Following the closing of the Enterprise Merger on December 21, 2018, the Company reported the results of the combined Company. The Company cannot disaggregate the additional revenue and income before extraordinary items provided by Enterprise since the Company operates as one consolidated entity on its internal systems. The cumulative effect to the Company’s net income and net income per share are reported on a consolidated basis for the period ended December 31, 2018.

SEGMENT REPORTING

SEGMENT REPORTING	12 Months Ended
	Dec. 31, 2019
SEGMENT REPORTING
SEGMENT REPORTING	NOTE 3 – SEGMENT REPORTING Segment information for 2019 and 2018 is as follows: Year Ended December 31, 2019 Banking and Insurance (Dollars in thousands) Financial Services Services Total Year Ended December 31, 2019: Net interest income from external sources $ 59,060 $ — $ 59,060 Other income from external sources 6,129 8,216 14,345 Depreciation and amortization 2,003 46 2,049 Income before income taxes 27,358 2,281 29,639 Income tax expense (1) 6,184 912 7,096 Total assets 1,995,973 5,684 2,001,657 December 31, 2018 Banking and Insurance (Dollars in thousands) Financial Services Services Total Year Ended December 31, 2018: Net interest income from external sources $ 44,080 $ — $ 44,080 Other income from external sources 3,975 6,774 10,749 Depreciation and amortization 1,809 27 1,836 Income before income taxes 10,987 1,995 12,982 Income tax expense (1) 2,261 798 3,059 Total assets 1,790,851 4,852 1,795,703 (1) Insurance Services calculated at statutory tax rate of 28.1%

FAIR VALUE OF ASSETS AND LIABIL

FAIR VALUE OF ASSETS AND LIABILITIES	12 Months Ended
	Dec. 31, 2019
FAIR VALUE OF ASSETS AND LIABILITIES
FAIR VALUE OF ASSETS AND LIABILITIES	NOTE 4 – FAIR VALUE OF ASSETS AND LIABILITIES Management uses its best judgment in estimating the fair value of the Company’s financial instruments; however, there are inherent weaknesses in any estimation technique. Therefore, for substantially all financial instruments, the fair value estimates herein are not necessarily indicative of the amounts the Company could have realized in a sale transaction on the dates indicated. The fair value amounts have been measured as of their respective year-ends, and have not been re-evaluated or updated for purposes of these financial statements subsequent to those respective dates. As such, the fair values of these financial instruments subsequent to the respective reporting dates may be different than the amounts reported at each year-end. In accordance with U.S. GAAP, the Company uses a hierarchical disclosure framework associated with the level of pricing observability utilized in measuring assets and liabilities at fair value. The three broad levels defined by the hierarchy are as follows: Level I - Quoted prices are available in active markets for identical assets or liabilities as of the reported date. Level II - Pricing inputs are other than quoted prices in active markets, which are either directly or indirectly observable as of the reported date. The nature of these asset and liabilities include items for which quoted prices are available but traded less frequently, and items that are fair valued using other financial instruments, the parameters of which can be directly observed. Level III - Assets and liabilities that have little to no pricing observability as of reported date. These items do not have two-way markets and are measured using management’s best estimate of market participants’ estimate of fair value, where the inputs into the determination of fair value require significant management judgment or estimation. The following table summarizes the fair value of the Company’s financial assets and liabilities measured on a recurring basis by the above pricing observability levels as of December 31, 2019 and 2018: Quoted Prices in Active Significant Markets Other Significant Fair for Identical Observable Unobservable Value Assets Inputs Inputs (Dollars in thousands) Measurements (Level I) (Level II) (Level III) December 31, 2019 U.S. government agencies $ 8,679 $ — $ 8,679 $ — U.S. government-sponsored enterprises 53,249 — 53,249 — State and political subdivisions 32,214 — 32,214 — Mortgage-backed securities - U.S. government-sponsored enterprises 82,469 — 82,469 — Private mortgage-backed securities 22,445 — 19,873 2,572 Corporate debt 13,125 — 12,096 1,029 Derivative instruments Interest rate swaps Assets 688 — 688 — Liabilities 3,890 — 3,890 — December 31, 2018 U.S. government agencies $ 24,794 $ — $ 24,794 $ — U.S. government-sponsored enterprises 20,362 — 20,362 — State and political subdivisions 60,362 — 60,362 — Mortgage-backed securities - U.S. government-sponsored enterprises 73,613 — 73,613 — Corporate debt 3,008 — 3,008 — Derivative instruments Interest rate swaps Assets 2,114 — 2,114 — Liabilities 779 — 779 — The Company’s available for sale securities portfolio contains investments which are all rated within the Company’s investment policy guidelines; and upon review of the entire portfolio, all securities are marketable and have observable pricing inputs. For assets measured at fair value on a nonrecurring basis, the fair value measurements by level within the fair value hierarchy used at December 31, 2019 and 2018 are as follows: Quoted Prices in Active Significant Markets Other Significant Fair for Identical Observable Unobservable Value Assets Inputs Inputs (Dollars in thousands) Measurements (Level I) (Level II) (Level III) December 31, 2019 Impaired loans $ 1,630 $ — $ — $ 1,630 Foreclosed real estate 2,183 — — 2,183 December 31, 2018 Impaired loans $ 1,785 $ — $ — $ 1,785 Foreclosed real estate 730 — — 730 The following table presents additional qualitative information about assets measured at fair value on a nonrecurring basis and for which Level III inputs were used to determine fair value: Qualitative Information about Level III Fair Value Measurements Fair Range Value Valuation Unobservable (Weighted (Dollars in thousands) Estimate Techniques Input Average) December 31, 2019 Impaired loans $ 1,630 Appraisal of Appraisal 0% to -72.0% collateral adjustments (1) (-3.6%) Foreclosed real estate 2,183 Appraisal of collateral Selling expenses (1) -7.0% (-7.0%) December 31, 2018 Impaired loans $ 1,785 Appraisal of Appraisal 0% to 100.0% collateral adjustments (1) (-7.8%) Foreclosed real estate 730 Appraisal of collateral Selling expenses (1) -7.0% (-7.0% ) (1) Appraisals may be adjusted by management for qualitative factors such as economic conditions and estimated selling expenses. The range and weighted average of selling expenses and other appraisal adjustments are presented as a percentage of the appraisal. The following information should not be interpreted as an estimate of the fair value of the entire Company since a fair value calculation is only provided for a limited portion of the Company’s assets and liabilities. Due to a wide range of valuation techniques and the degree of subjectivity used in making the estimates, comparisons between the Company’s disclosures and those of other companies may not be meaningful. The following methods and assumptions were used to estimate the fair value of the Company’s financial instruments presented below at December 31, 2019 and 2018: Securities: The fair value of securities, available for sale (carried at fair value) and securities held to maturity (carried at amortized cost) are determined by obtaining quoted market prices on nationally recognized securities exchanges (Level I), or matrix pricing (Level II), which is a mathematical technique used widely in the industry to value debt securities without relying exclusively on quoted market prices for the specific securities but rather by relying on the securities’ relationship to other benchmark quoted prices. For certain securities which are not traded in active markets or are subject to transfer restrictions, valuations are adjusted to reflect illiquidity and/or non-transferability, and such adjustments are generally based on available market evidence (Level III). In the absence of such evidence, management’s best estimate of market participants’ estimate is used. Management’s best estimate consists of both internal and external support on certain Level III measurements. Internal cash flow models using a present value formula that includes assumptions market participants would use along with indicative exit pricing obtained from broker/dealers (where available) were used to support fair values of certain Level III investments. Impaired Loans (Carried at Lower of Cost or Fair Value): Fair value of impaired loans is generally determined based upon independent third-party appraisals of the properties, or discounted cash flows based upon the expected proceeds. These assets are included in Level III fair values, based upon the lowest level of input that is significant to the fair value measurements. Derivatives (Carried at Fair Value): The fair value of the Company’s derivatives are determined using discounted cash flow analysis using observable market-based inputs, which are considered Level 2 inputs. Other Real Estate Owned (Carried at Fair Value): Other Real Estate Owned is recorded at estimated fair value, less estimated selling costs when acquired, thus establishing a new cost basis. Fair value is generally based on independent appraisals. These appraisals include adjustments to comparable assets based on the appraisers’ market knowledge and experience. When an asset is acquired, the excess of the loan balance over fair value, less estimated selling costs, a writedown is recorded through expense. The fair values of the Company’s financial instruments at December 31, 2019 and 2018 were as follows: Quoted Prices in Active Significant Markets Other Significant December 31, 2019 for Identical Observable Unobservable Carrying Fair Assets Inputs Inputs (Dollars in thousands) Amount Value (Level I) (Level II) (Level III) Financial assets: Cash and cash equivalents $ 43,686 $ 43,686 $ 43,686 $ — $ — Time deposits with other banks 200 200 — 200 — Securities available for sale 212,181 212,181 — 208,580 3,601 Securities held to maturity 4,012 4,083 — 2,593 1,490 Other bank stock 12,498 12,498 — 12,498 — Loans receivable, net of allowance 1,618,579 1,605,295 — — 1,605,295 Accrued interest receivable 6,175 6,175 — 6,175 — Interest rate swaps 688 688 — 688 — Financial liabilities: Non-maturity deposits 971,653 971,653 — 971,653 — Time deposits 553,388 551,886 — 551,886 — Short-term borrowings 193,000 193,081 193,081 — — Long-term borrowings 40,114 40,228 — 40,228 — Subordinated debentures 27,869 26,930 — 26,930 — Accrued interest payable 1,466 1,466 — 1,466 — Interest rate swaps 3,890 3,890 — 3,890 — Quoted Prices in Active Significant Markets Other Significant December 31, 2018 for Identical Observable Unobservable Carrying Fair Assets Inputs Inputs (Dollars in thousands) Amount Value (Level I) (Level II) (Level III) Financial assets: Cash and cash equivalents $ 26,678 $ 26,678 $ 26,678 $ — $ — Time deposits with other banks 200 200 — 200 — Securities available for sale 182,139 182,139 — 182,139 — Securities held to maturity 4,078 4,152 — 4,152 — Other bank stock 11,764 11,764 — 11,764 — Loans receivable, net of allowance 1,466,000 1,428,094 — — 1,428,094 Accrued interest receivable 6,546 6,546 — 6,546 — Interest rate swaps 2,114 2,114 — 2,114 — Financial liabilities: Non-maturity deposits 965,065 965,065 — 965,065 — Time deposits 388,874 383,264 — 383,264 — Short-term borrowings 175,295 175,366 175,366 — — Long-term borrowings 44,611 44,365 — 44,365 — Subordinated debentures 27,859 26,840 — 26,840 — Accrued interest payable 1,480 1,480 — 1,480 — Interest rate swaps 779 779 — 779 —

SECURITIES

SECURITIES	12 Months Ended
	Dec. 31, 2019
SECURITIES
SECURITIES	NOTE 5 – SECURITIES Available for Sale The amortized cost and fair value of securities available for sale as of December 31, 2019 and 2018 are summarized as follows: Gross Gross Amortized Unrealized Unrealized Fair (Dollars in thousands) Cost Gains Losses Value December 31, 2019 U.S. government agencies $ 8,758 $ 5 $ (84) $ 8,679 U.S. government-sponsored enterprises 54,338 — (1,089) 53,249 State and political subdivisions 31,501 938 (225) 32,214 Mortgage-backed securities - U.S. government-sponsored enterprises 81,449 1,198 (178) 82,469 Private mortgage-backed securities 22,110 368 (33) 22,445 Corporate Debt 13,019 113 (7) 13,125 $ 211,175 $ 2,622 $ (1,616) $ 212,181 December 31, 2018 U.S. government agencies $ 25,161 $ 4 $ (371) $ 24,794 U.S. government-sponsored enterprises 20,404 38 (80) 20,362 State and political subdivisions 60,457 445 (540) 60,362 Mortgage-backed securities - U.S. government-sponsored enterprises 74,670 100 (1,157) 73,613 Corporate Debt 3,000 8 — 3,008 $ 183,692 $ 595 $ (2,148) $ 182,139 Securities with a carrying value of approximately $4.3 million and $2.5 million at December 31, 2019 and 2018, respectively, were pledged to secure public deposits and for borrowings at the Federal Reserve Bank as required or permitted by applicable laws and regulations. The amortized cost and fair value of securities available for sale at December 31, 2019 are shown below by contractual maturity. Actual maturities may differ from contractual maturities as issuers may have the right to call or prepay obligations with or without call or prepayment penalties. Investments which pay principal on a periodic basis are not included in the maturity categories. Amortized Fair (Dollars in thousands) Cost Value Due in one year or less $ — $ — Due after one year through five years — — Due after five years through ten years 12,932 13,167 Due after ten years 31,588 32,172 Total bonds and obligations 44,520 45,339 U.S. government agencies 8,758 8,679 U.S. government-sponsored enterprises 54,338 53,249 Mortgage-backed securities: U.S. government-sponsored enterprises 81,449 82,469 Private mortgage-backed securities (1) 22,110 22,445 Total available for sale securities $ 211,175 $ 212,181 (1) Private mortgage-backed securities are non-industry specific Gross gains on sales of securities available for sale were $2.1 million and $46 thousand and gross losses were $393 thousand and $10 thousand for the years ended December 31, 2019 and 2018, respectively. Temporarily Impaired Securities The following table shows our investments’ gross unrealized losses and fair values with unrealized losses that are not deemed to be other than temporarily impaired, aggregated by investment category and length of time that individual available for sale securities have been in a continuous unrealized loss position, at December 31, 2019 and 2018. Less Than 12 Months 12 Months or More Total Gross Gross Gross Fair Unrealized Fair Unrealized Fair Unrealized (Dollars in thousands) Value Losses Value Losses Value Losses December 31, 2019 U.S. government agencies $ — $ — $ 5,966 $ (84) $ 5,966 $ (84) U.S. government-sponsored enterprises 44,110 (770) 9,139 (319) 53,249 (1,089) State and political subdivisions 17,421 (225) — — 17,421 (225) Mortgage-backed securities - U.S. government-sponsored enterprises 17,205 (113) 4,973 (65) 22,178 (178) Private mortgage-backed securities 6,973 (33) — — 6,973 (33) Corporate Debt 2,142 (7) — — 2,142 (7) Total temporarily impaired securities $ 87,851 $ (1,148) $ 20,078 $ (468) $ 107,929 $ (1,616) December 31, 2018 U.S. government agencies $ 18,998 $ (316) $ 2,593 $ (55) $ 21,591 $ (371) U.S. government-sponsored enterprises 10,348 (80) — — 10,348 (80) State and political subdivisions 17,164 (204) 18,785 (336) 35,949 (540) Mortgage-backed securities - U.S. government-sponsored enterprises 30,547 (271) 28,773 (886) 59,320 (1,157) Total temporarily impaired securities $ 77,057 $ (871) $ 50,151 $ (1,277) $ 127,208 $ (2,148) As of December 31, 2019, we reviewed our investment portfolio for indications of impairment. This review includes analyzing the length of time and the extent to which the fair value has been lower than the cost, the financial condition and near-term prospects of the issuer, including any specific events which may influence the operations of the issuer and the intent and likelihood of selling the security. The intent and likelihood of sale of debt securities is evaluated based upon our investment strategy for the particular type of security and our cash flow needs, liquidity position, capital adequacy and interest rate risk position. For each security (including but not limited to those whose fair value is less than their amortized cost basis), a review is conducted to determine if an other-than-temporary impairment has occurred. U.S. Government Agencies At December 31, 2019 and 2018, the decline in fair value and the unrealized losses for our U.S. government agencies securities were primarily due to changes in spreads and market conditions and not credit quality. At December 31, 2019, there were six securities with a fair value of $6.0 million that had an unrealized loss that amounted to $84 thousand. As of December 31, 2019, we did not intend to sell and it was not more-likely-than-not that we would be required to sell any of these securities before recovery of their amortized cost basis. Therefore, none of the U.S. government agency securities at December 31, 2019, were deemed to be other-than-temporarily impaired. At December 31, 2018, there were eighteen securities with a fair value of $21.6 million that had an unrealized loss that amounted to $371 thousand. U.S. Government Sponsored Agencies At December 31, 2019, the decline in fair value and the unrealized losses for our U.S. government sponsored agencies securities were primarily due to changes in spreads and market conditions and not credit quality. At December 31, 2019, there were 26 securities with a fair value of $53.2 million that had an unrealized loss that amounted to $1.1 million. As of December 31, 2019, we did not intend to sell and it was not more-likely-than-not that we would be required to sell any of these securities before recovery of their amortized cost basis. Therefore, none of the U.S. government sponsored agency securities at December 31, 2019, were deemed to be other-than-temporarily impaired. At December 31, 2018, there were six securities with a fair value of $10.3 million that had an unrealized loss that amounted to $80 thousand. State and Political Subdivisions At December 31, 2019 and 2018, the decline in fair value and the unrealized losses for our state and political subdivisions securities were caused by changes in interest rates and spreads and were not the result of credit quality. At December 31, 2019, there were fourteen securities with a fair value of $17.4 million that had an unrealized loss that amounted to $225 thousand. These securities typically have maturity dates greater than 10 years and the fair values are more sensitive to changes in market interest rates. As of December 31, 2019, we did not intend to sell and it was not more-likely-than-not that we would be required to sell any of these securities before recovery of their amortized cost basis. Therefore, none of our state and political subdivision securities at December 31, 2019, were deemed to be other-than-temporarily-impaired. At December 31, 2018, there were 34 securities with a fair value of $35.9 million that had an unrealized loss of $540 thousand. Mortgage-Backed Securities – U.S. government-sponsored enterprises At December 31, 2019 and 2018, the decline in fair value and the unrealized losses for our mortgaged-backed securities guaranteed by U.S. government-sponsored enterprises were primarily due to changes in spreads and market conditions and not credit quality. At December 31, 2019, there were 13 securities with a fair value of $22.2 million that had an unrealized loss of $178 thousand. As of December 31, 2019, we did not intend to sell and it was not more-likely-than-not that we would be required to sell any of these securities before recovery of their amortized cost basis. Therefore, none of our mortgage-backed securities at December 31, 2019, were deemed to be other-than-temporarily impaired. At December 31, 2018, there were 38 securities with a fair value of $59.3 million that had an unrealized loss of $1.2 million. Mortgage-Backed Securities – Private mortgage-backed securities At December 31, 2019, the decline in fair value and the unrealized losses for our private mortgaged-backed securities were primarily due to changes in spreads and market conditions and not credit quality. At December 31, 2019, there were three securities with a fair value of $7.0 million that had an unrealized loss of $33 thousand. As of December 31, 2019, we did not intend to sell and it was not more-likely-than-not that we would be required to sell any of these securities before recovery of their amortized cost basis. Therefore, none of our mortgage-backed securities at December 31, 2019, were deemed to be other-than-temporarily impaired. There were no Mortgage-Backed Securities – Private mortgage-backed securities as of December 31, 2018. Corporate Debt At December 31, 2019, there was one security with a fair value of $2.1 million that had an unrealized loss of $7 thousand. These securities typically have maturity dates greater than 5 years and the fair values are more sensitive to changes in market interest rates. As of December 31, 2019, we did not intend to sell and it was more-likely-than-not that we would be required to sell any of these securities before recovery of their amortized cost basis. Therefore, none of our corporate debt securities at December 31, 2019, were deemed to be OTTI. At December 31, 2018, there were no securities with an unrealized loss. Held to Maturity Securities The amortized cost and fair value of securities held to maturity as of December 31, 2019 and 2018 are summarized as follows: Gross Gross Amortized Unrealized Unrealized Fair (Dollars in thousands) Cost Gains Losses Value December 31, 2019 State and political subdivisions $ 4,012 $ 71 $ — $ 4,083 December 31, 2018 State and political subdivisions $ 4,078 $ 74 $ — $ 4,152 During the twelve months ended December 31, 2019 and 2018, the Company did not sell any securities out of its held to maturity portfolio. The amortized cost and fair value of securities held to maturity at December 31, 2019 are shown below by contractual maturity. Actual maturities may differ from contractual maturities as issuers may have the right to call or prepay obligations with or without call or prepayment penalties. Amortized Fair (Dollars in thousands) Cost Value Due in one year or less $ 1,490 $ 1,490 Due after one year through five years 1,505 1,537 Due after five years through ten years 1,017 1,056 Due after ten years — — Total held to maturity securities $ 4,012 $ 4,083 Temporarily Impaired Securities For each security whose fair value is less than its amortized cost basis, a review is conducted to determine if an other-than-temporary impairment has occurred. As of December 31, 2019, there were no securities that had an unrealized loss. This review includes analyzing the length of time and the extent to which the fair value has been lower than the cost, the financial condition and near- term prospects of the issuer, including any specific events which may influence the operations of the issuer and the intent and likelihood of selling the security. The intent and likelihood of sale of debt securities is evaluated based upon our investment strategy for the particular type of security and our cash flow needs, liquidity position, capital adequacy and interest rate risk position. For each security whose fair value is less than their amortized cost basis, a review is conducted to determine if an other- than-temporary impairment has occurred. At December 31, 2018, there were no held to maturity securities with an unrealized loss.

LOANS

LOANS	12 Months Ended
	Dec. 31, 2019
LOANS
LOANS	NOTE 6 – LOANS The composition of net loans receivable at December 31, 2019 and 2018 is as follows: (Dollars in thousands) December 31, 2019 December 31, 2018 Commercial and industrial $ 124,937 $ 81,709 Construction 125,291 142,321 Commercial real estate 995,220 878,449 Residential real estate 382,567 370,955 Consumer and other 2,097 2,393 Total loans receivable 1,630,112 1,475,827 Unearned net loan origination fees (1,266) (1,052) Allowance for loan losses (10,267) (8,775) Net loans receivable $ 1,618,579 $ 1,466,000 Mortgage loans serviced for others are not included in the accompanying balance sheets. The total amount of loans serviced for the benefit of others was approximately $218 thousand and $229 thousand at December 31, 2019 and 2018, respectively. Mortgage servicing rights were immaterial at December 31, 2019 and 2018. Purchased Credit Impaired Loans The carrying value of loans acquired in the Community acquisition and accounted for in accordance with ASC Subtopic 310‑30, “Loans and Debt Securities Acquired with Deteriorated Credit Quality,” was $2.5 million at December 31, 2019, which was $1.1 million less than the balance at the time of acquisition on January 4, 2018. Under ASC Subtopic 310‑30, these loans, referred to as purchased credit impaired (“PCI”) loans, may be aggregated and accounted for as pools of loans if the loans being aggregated have common risk characteristics. The Company elected to account for the loans with evidence of credit deterioration individually rather than aggregate them into pools. The difference between the undiscounted cash flows expected at acquisition and the investment in the acquired loans, or the “accretable yield,” is recognized as interest income utilizing the level-yield method over the life of each loan. Contractually required payments for interest and principal that exceed the undiscounted cash flows expected at acquisition, or the “non-accretable difference,” are not recognized as a yield adjustment, as a loss accrual or as a valuation allowance. Increases in expected cash flows subsequent to the acquisition are recognized prospectively through an adjustment of the yield on the loans over the remaining life, while decreases in expected cash flows are recognized as impairments through a loss provision and an increase in the allowance for loan and lease losses. Valuation allowances (recognized in the allowance for loan and lease losses) on these impaired loans reflect only losses incurred after the acquisition (representing all cash flows that were expected at acquisition but currently are not expected to be received). The following table presents changes in the accretable yield for PCI loans: Year ended Year ended (Dollars in thousands) December 31, 2019 December 31, 2018 Accretable yield, beginning balance $ 539 $ — Acquisition of impaired loans — 846 Accretable yield amortized to interest income (314) (307) Reclassification from non-accretable difference — — Accretable yield, ending balance $ 225 $ 539

ALLOWANCE FOR LOAN LOSSES AND C

ALLOWANCE FOR LOAN LOSSES AND CREDIT QUALITY OF FINANCING RECEIVABLES	12 Months Ended
	Dec. 31, 2019
ALLOWANCE FOR LOAN LOSSES AND CREDIT QUALITY OF FINANCING RECEIVABLES
ALLOWANCE FOR LOAN LOSSES AND CREDIT QUALITY OF FINANCING RECEIVABLES	NOTE 7 – ALLOWANCE FOR LOAN LOSSES AND CREDIT QUALITY OF FINANCING RECEIVABLES The following table presents changes in the allowance for loan losses disaggregated by the class of loans receivable for the years ended December 31, 2019 and 2018: Commercial Commercial Residential Consumer and Real Real and (Dollars in thousands) Industrial Construction Estate Estate Other Unallocated Total Year Ended : December 31, 2019 Beginning balance $ 603 $ 663 $ 5,575 $ 1,371 $ 23 $ 540 $ 8,775 Charge-offs (198) — (473) (499) (76) — (1,246) Recoveries 3 — 124 71 9 — 207 Provision 767 (126) 1,491 395 53 (49) 2,531 Ending balance $ 1,175 $ 537 $ 6,717 $ 1,338 $ 9 $ 491 $ 10,267 December 31, 2018 Beginning balance $ 208 $ 336 $ 5,185 $ 1,032 $ 26 $ 548 $ 7,335 Charge-offs (11) — (26) (22) (69) — (128) Recoveries 3 — 17 91 20 — 131 Provision 403 327 399 270 46 (8) 1,437 Ending balance $ 603 $ 663 $ 5,575 $ 1,371 $ 23 $ 540 $ 8,775 The following table presents the balance in the allowance of loan losses at December 31, 2019 and 2018 disaggregated on the basis of our impairment method by class of loans receivable along with the balance of loans receivable by class disaggregated on the basis of our impairment methodology: Allowance for Loan Losses Loans Receivable Balance Balance Related to Loans Loans Individually Collectively Individually Collectively Evaluated for Evaluated for Evaluated for Evaluated for (Dollars in thousand s) Balance Impairment Impairment Balance Impairment (a) Impairment December 31, 2019 Commercial and industrial $ 1,175 $ 353 $ 822 $ 124,937 $ 835 $ 124,102 Construction 537 — 537 125,291 250 125,041 Commercial real estate 6,717 296 6,421 995,220 7,176 988,044 Residential real estate 1,338 67 1,271 382,567 6,002 376,565 Consumer and other loans 9 — 9 2,097 — 2,097 Unallocated 491 — — — — — Total $ 10,267 $ 716 $ 9,060 $ 1,630,112 $ 14,263 $ 1,615,849 December 31, 2018 Commercial and industrial $ 603 $ 152 $ 451 $ 81,709 $ 372 $ 81,337 Construction 663 — 663 142,321 — 142,321 Commercial real estate 5,575 274 5,301 878,449 15,760 862,689 Residential real estate 1,371 89 1,282 370,955 4,572 366,383 Consumer and other loans 23 — 23 2,393 — 2,393 Unallocated 540 — — — — — Total $ 8,775 $ 515 $ 7,720 $ 1,475,827 $ 20,704 $ 1,455,123 An age analysis of loans receivable which were past due as of December 31, 2019 and 2018 is as follows: Recorded Investment Greater Total > 90 Days 30-59 Days 60-89 days Than Total Past Financing and (Dollars in thousands) Past Due Past Due 90 Days (a) Due Current Receivables Accruing December 31, 2019 Commercial and industrial $ 300 $ 5 $ 701 $ 1,006 $ 123,931 $ 124,937 $ — Construction — — — — 125,291 125,291 — Commercial real estate 6,326 68 5,643 12,037 983,183 995,220 — Residential real estate 563 520 5,070 6,153 376,414 382,567 — Consumer and other 14 1 1 16 2,081 2,097 — Total $ 7,203 $ 594 $ 11,415 $ 19,212 $ 1,610,900 $ 1,630,112 $ — December 31, 2018 Commercial and industrial $ 491 $ — $ 372 $ 863 $ 80,846 $ 81,709 $ — Construction — 582 — 582 141,739 142,321 — Commercial real estate 2,282 — 15,760 18,042 860,407 878,449 — Residential real estate 393 35 4,572 5,000 365,955 370,955 — Consumer and other 4 1 — 5 2,388 2,393 — Total $ 3,170 $ 618 $ 20,704 $ 24,492 $ 1,451,335 $ 1,475,827 $ — (a) includes loans greater than 90 days past due and still accruing and non-accrual loans. At both December 31, 2019 and 2018, there were no loans 90 days past due and still accruing. Loans for which the accrual of interest has been discontinued, excluding PCI loans, at December 31, 2019 and 2018 were: ( Dollars in thousands) December 31, 2019 December 31, 2018 Commercial and industrial $ 701 $ 372 Construction — — Commercial real estate 5,643 15,760 Residential real estate 5,070 4,572 Consumer and other 1 — Total $ 11,415 $ 20,704 Loans are made to individuals as well as commercial entities. Specific loan terms vary as to interest rate, repayment, and collateral requirements based on the type of loan requested and the credit worthiness of the prospective borrower. Credit risk tends to be geographically concentrated in that a majority of the loan customers are located in the markets serviced by the Company. Loan performance may be adversely affected by factors impacting the general economy or conditions specific to the real estate market such as geographic location and/or property type. A description of the Company’s different loan segments follows: Commercial Loans: Commercial credit is extended primarily to middle market and small business customers. Commercial loans are generally made in the Company’s market place for the purpose of providing working capital, financing the purchase of equipment, inventory or commercial real estate and for other business purposes. Loans will generally be guaranteed in full or for a meaningful amount by the businesses’ major owners. Underwriting of commercial loans is based primarily on the historical and projected cash flow of the business and secondarily on the underlying collateral provided. Residential Mortgage and Consumer Loans: The Company originates mortgage and consumer loans including principally residential real estate and home equity lines and loans. Each loan type is evaluated on debt to income, type of collateral and loan to collateral value, credit history and Company relationship with the borrower. In determining the adequacy of the allowance for loan losses, the Company estimates losses based on the identification of specific problem loans through its credit review process and also estimates losses inherent in other loans on an aggregate basis by loan type. The credit review process includes the independent evaluation of the loan officer assigned risk ratings by the Chief Credit Officer and a third party loan review company. Such risk ratings are assigned loss component factors that reflect the Company’s loss estimate for each group of loans. It is management’s and the board of directors’ responsibility to oversee the lending process to ensure that all credit risks are properly identified, monitored, and controlled, and that loan pricing, terms, and other safeguards against non-performance and default are commensurate with the level of risk undertaken and is rated as such based on a risk-rating system. Factors considered in assigning risk ratings and loss component factors include: borrower specific information related to expected future cash flows and operating results, collateral values, financial condition, payment status and other information; levels of and trends in portfolio charge-offs and recoveries; levels in portfolio delinquencies; effects of changes in loan concentrations and observed trends in the economy and other qualitative measurements. The Company’s risk-rating system as defined below is consistent with the system used by regulatory agencies and consistent with industry practices. Loan classifications of Substandard, Doubtful or Loss are consistent with the regulatory definitions of classified assets. Pass : This category represents loans performing to contractual terms and conditions and the primary source of repayment is adequate to meet the obligation. The Company has five categories within the Pass classification depending on strength of repayment sources, collateral values and financial condition of the borrower. Special Mention : This category represents loans performing to contractual terms and conditions; however the primary source of repayment or the borrower is exhibiting some deterioration or weaknesses in financial condition that could potentially threaten the borrowers’ future ability to repay our loan principal and interest or fees due. Substandard : This category represents loans that the primary source of repayment has significantly deteriorated or weakened which has or could threaten the borrowers’ ability to make scheduled payments. The weaknesses require close supervision by the Company’s management and there is a distinct possibility that the Company could sustain some loss if the deficiencies are not corrected. Such weaknesses could jeopardize the timely and ultimate collection of our loan principal and interest or fees due. Loss may not be expected or evident, however, loan repayment is inadequately supported by current financial information or pledged collateral. Doubtful : Loans so classified have all the inherent weaknesses of a substandard loan with the added provision that collection or liquidation in full is highly questionable and not reasonably assured. The probability of at least partial loss is high, but extraneous factors might strengthen the asset to prevent loss. The validity of the extraneous factors must be continuously monitored. Once these factors are questionable the loan should be considered for full or partial charge-off. Loss : Loans so classified are considered uncollectible, and of such little value that their continuance as active assets of the Company is not warranted. Such loans are fully charged off. Residential and consumer loans are rated non-performing if they are delinquent in payments ninety or more days, or a TDR with less than six (6) months current contractual performance or past maturity. All other residential and consumer loans not rated pass or better are reviewed on a case by case basis at the time of a credit event. The following tables illustrate the Company’s corporate credit risk profile by creditworthiness category as of December 31, 2019 and 2018: Special (Dollars in thousands) Pass Mention Substandard Doubtful Total December 31, 2019 Commercial and industrial $ 124,102 $ — $ 835 $ — $ 124,937 Construction 122,689 2,352 250 — 125,291 Commercial real estate 982,480 5,520 7,220 — 995,220 $ 1,229,271 $ 7,872 $ 8,305 $ — $ 1,245,448 December 31, 2018 Commercial and industrial $ 80,977 $ 32 $ 700 $ — $ 81,709 Construction 141,871 — 450 — 142,321 Commercial real estate 855,180 3,908 19,361 — 878,449 $ 1,078,028 $ 3,940 $ 20,511 $ — $ 1,102,479 Residential Real Consumer (Dollars in thousands) Estate and other December 31, 2019 Performing $ 377,497 $ 2,096 Non-Performing 5,070 1 Total $ 382,567 $ 2,097 December 31, 2018 Performing $ 366,408 $ 2,393 Non-Performing 4,547 — Total $ 370,955 $ 2,393 The following table reflects information regarding the Company’s impaired loans as of December 31, 2019 and 2018 and for the years then ended: Unpaid Average Interest Recorded Principal Related Recorded Income (Dollars in thousands) Investment Balance Allowance Investment Recognized December 31, 2019 With no related allowance recorded: Commercial and industrial $ 345 $ 495 $ — $ 184 $ 8 Construction 250 250 — 250 — Commercial real estate 6,632 5,790 — 10,474 170 Residential real estate 5,450 5,775 — 4,831 100 With an allowance recorded: Commercial and industrial 490 491 353 406 7 Commercial real estate 544 498 296 947 10 Residential real estate 552 548 67 505 3 Consumer and other — — — — — Total: Commercial and industrial 835 986 353 590 15 Construction 250 250 — 250 — Commercial real estate 7,176 6,288 296 11,421 180 Residential real estate 6,002 6,323 67 5,336 103 Consumer and other — — — — — $ 14,263 $ 13,847 $ 716 $ 17,597 $ 298 Unpaid Average Interest Recorded Principal Related Recorded Income (Dollars in thousands) Investment Balance Allowance Investment Recognized December 31, 2018 With no related allowance recorded: Commercial and industrial $ — $ 10 $ — $ 4 $ — Construction — — — 21 — Commercial real estate 13,745 13,745 — 9,774 102 Residential real estate 2,790 2,790 — 3,082 48 With an allowance recorded: Commercial and industrial 372 572 152 195 — Commercial real estate 2,015 2,437 274 1,291 4 Residential real estate 1,782 2,329 89 714 — Consumer and other — — — — — Total: Commercial and industrial 372 582 152 199 — Construction — — — 21 — Commercial real estate 15,760 16,182 274 11,065 106 Residential real estate 4,572 5,119 89 3,796 48 Consumer and other — — — — — $ 20,704 $ 21,883 $ 515 $ 15,081 $ 154 The average recorded investment in impaired loans is calculated using the average of impaired loans over the past five quarter-end periods. The Company recognizes income on impaired loans by recording all payments as a reduction of principal on such loans. Impaired loans include loans modified in TDRs where concessions have been granted to borrowers experiencing financial difficulties. These concessions could include a reduction in the interest rate on the loan, payment extensions, postponement or forgiveness of principal, forbearance or other actions intended to maximize collection. The following table presents the recorded investment in troubled debt restructured loans as of December 31, 2019 and 2018 based on payment performance status: Commercial Commercial & Residential (Dollars in thousands) Real Estate Industrial Real Estate Total December 31, 2019 Performing $ 416 $ 131 $ 909 $ 1,456 Non-performing 395 35 638 1,068 Total $ 811 $ 166 $ 1,547 $ 2,524 December 31, 2018 Performing $ 431 $ — $ 475 $ 906 Non-performing 1,531 — 517 2,048 Total $ 1,962 $ — $ 992 $ 2,954 Troubled debt restructured loans are considered impaired and are included in the previous impaired loans disclosures in this footnote. As of December 31, 2019, we have not committed to lend additional amounts to customers with outstanding loans that are classified as TDRs. There were four TDRs with an outstanding balance of $768 thousand that occurred during the year ended December 31, 2019. There was one TDR with an outstanding balance of $306 thousand that occurred during the year ended December 31, 2018. The following table summarizes TDRs that occurred during the years ended December 31, 2019 and 2018. Post-Modification Pre-Modification Outstanding Outstanding Recorded Recorded (Dollars in thousands) Number of Loans Investment Investment December 31, 2019 Commercial & industrial 1 $ 135 $ 133 Residential real estate 3 636 635 Post-Modification Pre-Modification Outstanding Outstanding Recorded Recorded (Dollars in thousands) Number of Loans Investment Investment December 31, 2018 Residential real estate 1 $ 514 $ 306 The TDRs described above did not require an allocation of the allowance for credit losses, nor were any charge-offs recorded subsequent to modification during the years ended December 31, 2019 and 2018. There were no TDRs for which there were payment defaults within twelve months following the date of the restructuring for the year ended December 31, 2019. There were no TDRs for which there was a payment default within twelve months following the date of the restructuring for the year ended December 31, 2018. Loans are considered to be in payment default once they are greater than 30 days contractually past due under the modified terms. There were no charge-offs on defaulted TDRs during the years ended December 31, 2019 and 2018.

PREMISES AND EQUIPMENT

PREMISES AND EQUIPMENT	12 Months Ended
	Dec. 31, 2019
PREMISES AND EQUIPMENT
PREMISES AND EQUIPMENT	NOTE 8 – PREMISES AND EQUIPMENT The components of premises and equipment at December 31, 2019 and 2018 are as follows: (Dollars in thousands) 2019 2018 Land and land improvements $ 3,184 $ 3,378 Building and building improvements 15,775 15,194 Leasehold improvements 2,925 3,351 Furniture, fixtures and equipment 9,575 8,382 Assets in progress 582 879 32,041 31,184 Accumulated depreciation (12,961) (11,969) Premises and equipment, net $ 19,080 $ 19,215 During the years ended December 31, 2019 and 2018, depreciation expense totaled $1.6 million and $1.6 million, respectively.

GOODWILL AND OTHER INTANGIBLES

GOODWILL AND OTHER INTANGIBLES	12 Months Ended
	Dec. 31, 2019
GOODWILL AND OTHER INTANGIBLES
GOODWILL AND OTHER INTANGIBLES	NOTE 9 – GOODWILL AND OTHER INTANGIBLES The Company had goodwill of $27.3 million at December 31, 2019 and 2018, respectively. The mergers with Community Bank, with total goodwill amounting to $22.3 million, and Enterprise, with total goodwill amounting to $2.2 million. Goodwill at December 31, 2019 and 2018, included $2.3 million related to insurance segment and $486 thousand related to banking segment. The Company reviews its goodwill and intangible assets annually, on September 30, or more frequently if conditions warrant, for impairment. In testing goodwill for impairment, the Company compares the estimated fair value of its reporting unit to its carrying amount, including goodwill. The estimated fair value of each reporting unit exceeded its book value, therefore, no write-down of goodwill was required at September 30, 2019. The Company recorded a core deposit intangible of $1.3 million for the Community acquisition and $1.0 million for the Enterprise acquisition. For the year ended December 31, 2019, the Company amortized $406 thousand in core deposit intangible. For the year ended December 31, 2018, the Company amortized $247 thousand in core deposit intangible. The estimated future amortization expense for each of the succeeding five years ended December 31 is as follows (dollars in thousands): For the Year Ended Amortization Expense 2020 $ 364 2021 320 2022 277 2023 234 2024 191

DEPOSITS

DEPOSITS	12 Months Ended
	Dec. 31, 2019
DEPOSITS.
DEPOSITS	NOTE 10 – DEPOSITS The components of deposits at December 31, 2019 and 2018 are as follows: (Dollars in thousands) 2019 2018 Demand, non-interest bearing $ 258,311 $ 259,807 Savings, money market and interest-bearing demand 713,342 705,258 Time deposits less than $100 thousand 315,702 205,372 Time deposits $100 thousand and over 237,686 183,502 Total deposits $ 1,525,041 $ 1,353,939 Included in deposits at December 31, 2019 and 2018, were brokered deposits of $321.7 million and $188.3 million, respectively. At December 31, 2019, the scheduled maturities of time deposits are as follows: (Dollars in thousands) Within one year $ 434,056 One to two years 81,534 Two to three years 28,984 Three to four years 5,493 After four years 3,321 $ 553,388 Certificates of deposits with balances of $250 thousand or more at December 31, 2019 and 2018, totaled approximately $118.9 million and $72.2 million, respectively. Deposit overdrafts totaled $321 thousand and $231 thousand at December 31, 2019 and 2018, respectively, and are included in the Company’s Consumer and other loan balance (Refer to Note 6 – Loans).

BORROWINGS

BORROWINGS	12 Months Ended
	Dec. 31, 2019
BORROWINGS
BORROWINGS	NOTE 11 – BORROWINGS At December 31, 2019, the Bank had secured borrowing potential with the Federal Home Loan Bank of New York (“FHLBNY”) for borrowings of up to $320.3 million and a $10.0 million line of credit at Atlantic Central Bankers Bank (“ACBB”). The borrowings at the FHLBNY are secured by a pledge of qualifying residential and commercial mortgage loans, having an aggregate unpaid principal balance of approximately $320.3 million. At December 31, 2019, the Bank had the ability to borrow up to $143.7 million at FHLBNY and $10.0 million at ACBB. At December 31, 2019 and 2018, the Company had $193.0 million and $175.3 million, respectively, in short term advances at the FHLBNY, having weighted average interest rates of 1.81% and 2.66%, respectively. These advances are priced at the federal funds rate plus a spread (generally between 10 and 30 basis points), re-price daily and mature within three months. At December 31, 2019 and 2018 the Bank had the following long-term fixed rate borrowings: (Dollars in thousands) Borrowing Interest Balance at December 31, Maturity Date Institution Rate 2019 2018 January 8, 2019 FHLBNY 1.68 % $ — $ 1,000 February 4, 2019 FHLBNY 1.53 % — 5,000 February 8, 2019 FHLBNY 1.70 % — 1,000 March 18, 2019 FHLBNY 1.45 % — 949 April 8, 2019 FHLBNY 1.73 % — 1,170 May 30, 2019 FHLBNY 1.91 % — 1,005 May 7, 2019 FHLBNY 2.39 % — 1,250 June 12, 2019 FHLBNY 1.52 % — 1,000 July 30, 2019 FHLBNY 2.19 % — 1,000 August 2, 2019 FHLBNY 1.05 % — 2,500 September 30, 2019 FHLBNY 2.21 % — 1,000 October 30, 2019 FHLBNY 2.22 % — 746 November 8, 2019 FHLBNY 2.38 % — 1,000 December 9, 2019 FHLBNY 2.39 % — 1,000 January 15, 2020 FHLBNY 1.66 % 5,000 5,000 March 9, 2020 FHLBNY 2.43 % 1,000 1,000 May 7, 2020 FHLBNY 2.68 % 1,045 1,045 May 7, 2020 FHLBNY 2.68 % 308 308 June 12, 2020 FHLBNY 1.69 % 741 741 June 15, 2020 FHLBNY 2.69 % 1,000 1,000 July 14, 2020 FHLBNY 2.70 % 789 789 July 14, 2020 FHLBNY 2.70 % 520 520 September 8, 2020 FHLBNY 2.51 % 680 680 October 5, 2020 FHLBNY 1.78 % 5,000 5,000 December 23, 2020 FHLBNY 2.79 % 852 852 January 20, 2021 FHLBNY 2.07 % 5,000 5,000 March 23, 2021 FHLBNY 2.83 % 1,200 1,200 June 23, 2021 FHLBNY 3.07 % 2,000 2,000 July 19, 2022 FHLBNY 2.10 % 5,000 — July 19, 2023 FHLBNY 2.13 % 5,000 — August 7, 2024 FHLBNY 1.81 % 5,000 — Fair value adjustment on acquired borrowings (21) (144) $ 40,114 $ 44,611 Maturities of long-term debt in years subsequent to December 31, 2019 are as follows: (Dollars in thousands) Within one year $ 16,914 One to two years 8,200 Two to three years 5,000 Three to four years 5,000 Four to five years 5,000 After five years — $ 40,114 At December 31, 2019 the Company had $40.1 million in long-term fixed rate advances of which $16.9 million matures within one year.

DERIVATIVES

DERIVATIVES	12 Months Ended
	Dec. 31, 2019
DERIVATIVES
DERIVATIVES	NOTE 12 – DERIVATIVES The Company’s objectives in using interest rate derivatives are to add stability to interest expense and to manage its exposure to interest rate movements. To accomplish this objective, the Company primarily uses interest rate swaps as part of its interest rate risk management strategy. Interest rate swaps designated as cash flow hedges involve the receipt of variable amounts from a counterparty in exchange for the Company making fixed-rate payments over the life of the agreements without exchange of the underlying notional amount. The effective portion of changes in the fair value of derivatives designated and that qualify as cash flow hedges are recorded in accumulated other comprehensive income. The ineffective portion of the change in fair value of the derivatives is recognized directly in earnings. The Company has agreements with certain of its dealer counterparties that contain a provision allowing the counterparty to terminate the derivative positions if the Company fails to maintain its status as a well or adequately capitalized institution. Upon any such termination, the Company would be required to settle its obligations under the agreements. As of December 31, 2019, the Company had two dealer counterparties and had a net liability position with respect to each counterparty. The termination value for these net liability positions, which includes accrued interest, was $3.2 million at December 31, 2019. The Company has minimum collateral posting thresholds with its derivative counterparties and has posted collateral of $3.6 million against its obligations under these agreements. If the Company had breached any of these provisions at December 31, 2019, it would have been required to settle its obligations under the agreements at the termination value. During the twelve months ended December 31, 2019 the Company did not record any hedge ineffectiveness. The table below presents the fair value of the Company’s derivative financial instruments as well as their classification on the Consolidated Statements of Financial Condition at December 31, 2019 and 2018: December 31, 2019 Counterparty Notional/ Balance Counterparty Maximum Length Contract Fair Sheet Weighted Average Derivative Contract (Dollars in thousands) Amount Value Location Remaining Years (years) Derivatives designated as hedging instruments Counterparty PNC $ 12,500 $ 62 Other Assets PNC 66,000 (1,440) Other Liabilities 7 US Bank 80,000 627 Other Assets US Bank 170,000 (2,450) Other Liabilities 4.75 Total $ 328,500 $ (3,202) 3.3 December 31, 2018 Counterparty Notional/ Balance Counterparty Maximum Length Contract Fair Sheet Weighted Average Derivative Contract (Dollars in thousands) Amount Value Location Remaining Years (years) Derivatives designated as hedging instruments Counterparty PNC $ 38,500 $ 2,114 Other Assets PNC 40,000 (442) Other Liabilities 8 US Bank — — Other Assets US Bank 35,000 (337) Other Liabilities 2.75 Total 113,500 1,335 4.6 The table below presents the Company’s derivative financial instruments that are designated as cash flow hedges of interest rate risk and their effect on the Company’s Consolidated Statements of Financial Conditions during the years ended December 31, 2019 and 2018: Year Ended December 31, 2019 Amount of Gain Recognized in OCI Location of Gain on (Loss) Recognized in Amount of Gain (Loss) Derivatives, net of Income of Recognized in Income of Tax Derivatives Derivatives (Dollars in thousands) (Effective Portion) (Ineffective Portion) (Ineffective Portion) Derivatives in cash flow hedges Interest rate swaps by effective date: PNC $ (2,133) Not applicable $ — US Bank (1,039) Not applicable — Total $ (3,172) $ — Year Ended December 31, 2018 Amount of Gain Recognized in OCI Location of Gain on (Loss) Recognized in Amount of Gain(Loss) Derivatives, net of Income of Recognized in Income of Tax Derivatives Derivatives (Dollars in thousands) (Effective Portion) (Ineffective Portion) (Ineffective Portion) Derivatives in cash flow hedges Interest rate swaps by effective date: PNC $ 159 Not applicable $ — US Bank (241) Not applicable — Total $ (82) $ — Offsetting derivatives The following table presents a gross presentation, the effects of offsetting, and a net presentation of the Company’s derivatives in the Consolidated Balance Sheets as of December 31, 2019 and December 31, 2018. The derivative financial instruments are subject to separate master netting agreements with two counterparties and as required under the master netting arrangements with its derivatives counterparties, the Company posted financial collateral in the amount of $2.1 million at December 31, 2019 and received $3.6 million at December 31, 2018. The net amounts of derivative liabilities and assets can be reconciled to the tabular disclosure of the fair value hierarchy, see Note 12, Fair Value of Financial Instruments. The tabular disclosure of fair value provides the location that derivative assets and liabilities are presented on the Company’s Consolidated Balance Sheets. Gross Amounts Not Offset Net Cash Derivatives in Derivatives in Amounts Financial Collateral Net (Dollars in thousands) Asset Position Liability Position Presented Instruments Pledged Amount December 31, 2019 Interest Rate Swaps (PNC) $ 61 (1,440) $ (1,380) — $ (1,550) $ 170 Interest Rate Swaps (US Bank) 627 (2,450) (1,823) — (2,050) 227 Total $ 688 (3,890) $ (3,203) — $ (3,600) $ 397 December 31, 2018 Interest Rate Swaps (PNC) $ 2,114 (442) $ 1,672 — $ 2,200 $ (528) Interest Rate Swaps (US Bank) — (337) (337) — 260 (597) Total $ 2,114 (779) $ 1,335 — $ 2,460 $ (1,125) The Company has not made a policy election to offset its derivative positions. Changes in the fair value of derivatives designated and that qualify as cash flow hedges of interest rate risk are recorded in accumulated other comprehensive income and are subsequently reclassified into earnings in the period that the hedged forecasted transaction affects earnings. During the years ended December 31, 2019 and 2018, such derivatives were used to hedge the variable cash outflows associated with borrowings. Amounts reported in accumulated other comprehensive income (loss) related to derivatives will be reclassified to interest expense as interest payments are made on the Company’s borrowings. During the next twelve months, the Company estimates that $44 thousand will be reclassified as an increase to interest expense.

SUBORDINATED DEBENTURES AND MAN

SUBORDINATED DEBENTURES AND MANDATORY REDEEMABLE CAPITAL DEBENTURES	12 Months Ended
	Dec. 31, 2019
SUBORDINATED DEBENTURES AND MANDATORY REDEEMABLE CAPITAL DEBENTURES
SUBORDINATED DEBENTURES AND MANDATORY REDEEMABLE CAPITAL DEBENTURES	NOTE 13 – SUBORDINATED DEBENTURES AND MANDATORY REDEEMABLE CAPITAL DEBENTURES On June 28, 2007, Sussex Capital Trust II, a Delaware statutory business trust and a non-consolidated wholly-owned subsidiary of the Company, issued $12.5 million of variable rate capital trust pass-through securities to investors. Sussex Capital Trust II purchased $12.9 million of variable rate subordinated deferrable interest debentures from the Company. The debentures are the sole asset of the Trust. The terms of the subordinated debentures are the same as the terms of the capital securities. The Company has also fully and unconditionally guaranteed the obligations of the Trust under the capital securities. The variable interest rate reprices quarterly at the three month LIBOR plus 1.44% and was 3.33% and 4.23% at December 31, 2019 and 2018, respectively. The capital securities are currently redeemable by the Company at par in whole or in part. The capital securities must be redeemed upon final maturity of the subordinated debentures on September 15, 2037. During the quarter ended December 31, 2016, the Company completed a $15 million private placement of fixed-to-floating rate subordinated notes to an institutional investor. The subordinated notes have a maturity date of December 22, 2026 and bear interest at the rate of 5.75% per annum, payable quarterly, for the first five years of the term, and then at a variable rate that will reset quarterly to a level equal to the then current 3-month LIBOR plus 350 basis points over the remainder of the term. The notes are redeemable after five years subject to satisfaction of certain conditions. The indebtedness evidenced by the subordinated notes, including principal and interest, is unsecured and subordinate and junior to general and secured creditors and depositors.

RIGHT OF USE ASSET AND LEASE LI

RIGHT OF USE ASSET AND LEASE LIABILITY	12 Months Ended
	Dec. 31, 2019
RIGHT OF USE ASSET AND LEASE LIABILITY
RIGHT OF USE ASSET AND LEASE LIABILITY	NOTE 14 – RIGHT OF USE ASSET AND LEASE LIABILITY Effective January 1, 2019, the Company adopted ASC Update 2016-02, "Leases (Topic 842)," using the modified retrospective method of applying the new standard at the adoption date. In addition, the Company elected the package of practical expedients permitted under the transition guidance within the new standard as the lessee. This permitted the carry forward of the conclusions on lease identification, lease classification and initial direct costs. The Company also elected not to separate lease and non-lease components. Financial results for reporting periods beginning on or after January 1, 2019 are presented under the new guidance (Topic 842), while prior period amounts are not adjusted and continue to be reported in accordance with previous guidance (Topic 840). As a lessee, the majority of the operating lease portfolio consists of real estate leases for the Company's branches and office space. The operating leases have remaining lease terms of 1 year to 20 years, some of which include options to extend the leases for 5 years or more. The Company recognized and elected the 5-year option for each of its branch locations where an extension was available. Right-of-use (“ROU”) assets and lease liabilities are not recognized for leases with an initial term of 12 months or less. The Company does not have any finance leases as the lessee. Operating lease expense primarily represents fixed lease payments for operating leases recognized on a straight-line basis over the applicable lease term. Variable lease expense represents the payment of real estate taxes, insurance and common area maintenance based on the Company's pro-rata share. The following table presents the components of the Company’s lease costs for operating leases as the lessee, which is included in net occupancy expense on the consolidated statements of income (in thousands): Year Ended December 31, 2019 Operating lease expense $ 639 Short term lease expense 445 Total lease expense $ 1,084 Supplemental balance sheet information related to leases was as follows (in thousands, except for weighted-averages): Operating Leases Classification December 31, 2019 ROU assets Right of use asset, net $ 4,644 Lease liabilities Lease liability $ 4,727 Weighted-average remaining lease term 10.2 Weighted-average discount rate 3.09 % The discount rate used in determining the lease liability for each individual lease was the Federal Home Loan Bank ("FHLB") fixed advance rate which corresponded with the remaining lease term as of January 1, 2019 for leases that existed at adoption and as of the lease commencement or modification date for leases subsequently entered into. Supplemental cash flow information related to operating leases was as follows (in thousands): Year Ended December 31, 2019 Cash paid for amounts included in the measurement of lease liabilities $ 626 ROU assets obtained in exchange for lease obligations $ 613 Lease payment obligations for each of the next five years and thereafter with a reconciliation to the Corporation's lease liability were as follows (in thousands): Year Operating Leases 2020 $ 654 2021 548 2022 569 2023 571 2024 574 Thereafter 2,671 Total lease payments 5,587 Less imputed interest (860) Total $ 4,727

EMPLOYEE BENEFIT PLANS

EMPLOYEE BENEFIT PLANS	12 Months Ended
	Dec. 31, 2019
EMPLOYEE BENEFIT PLANS
EMPLOYEE BENEFIT PLANS	NOTE 15 – EMPLOYEE BENEFIT PLANS The Company has a 401(k) Plan and Trust (the “401(k) Plan”) for its employees. Non-highly compensated employees may contribute up to the statutory limit of 75% of their salary to the 401(k) Plan. Highly compensated employees are restricted to a contribution up to 7% of their salary. The Company provides a 50% match of the employee’s contribution up to 6% of the employee’s annual salary. The amount charged to expense related to the 401(k) Plan for the years ended December 31, 2019 and 2018 was $311 thousand and $240 thousand, respectively. The Company also maintains nonqualified Supplemental Salary Continuation Plans (the “Supplemental Plans”) covering the Company’s former Chairman and a former executive officer of the Company. Under the provisions of the Supplemental Plans, the Company has executed agreements providing the officers a retirement benefit. Payments from the Supplemental Plans for the Chairman began in May of 2008 and the other executive started in April of 2010. For the years ended December 31, 2019 and 2018, $33 thousand and $25 thousand, respectively, were charged to expense in connection with the Plans. At December 31, 2019 and 2018, the carrying value of the Supplemental Plans was $445 thousand and $542 thousand, respectively. In March of 2005, the Board of Directors approved an Executive Incentive and Deferred Compensation Plan (the “Incentive Plan”). The purpose of the Incentive Plan is to motivate and reward participants for achieving bank financial and strategic goals as well as to provide specified benefits to a select group of management or highly compensated employees who contribute materially to the continued growth, development and future business success of the Company . Participants may elect to receive their award or defer compensation in a deferral account which will earn interest at the average interest rate earned by the Company in its investment portfolio, compounded monthly. At December 31, 2019 and 2018, the carrying value of deferred compensation was $266 thousand and $234 thousand, respectively. In July 2006, the Board of Directors adopted a Director Deferred Compensation Agreement for both the Bank and the Company (the “DCA”). Under the terms of the DCA, a director may elect to defer all or a portion of his retainer and fees for the coming year. Under the DCA, only the payment of the compensation earned is deferred, and there is no deferral of the expense in the Company’s financial statements related to the participant’s deferred compensation, which will be charged to the Company’s income statement as an expense in the period in which the participant earned the compensation. The deferred amounts are credited with earnings at a rate equal to the average interest rate earned by the Company on its investment portfolio or at a rate that tracks the performance of the Company’s common stock. In September 2015, the Board of Directors adopted an amendment under the DCA. The amendment, which is effective October 1, 2015, specifies that participants are no longer eligible to be credited earnings based on a rate that tracks the performance of the Company’s common stock on new amounts deferred after such date. Additionally, effective January 1, 2016, the maximum earnings on deferred compensation amounts that are eligible to be credited with an earnings rate that tracks the performance of the Company’s common stock is limited to 10% of the stock price at end of the previous plan year. In June 2016, the Board of Directors adopted an amendment to the DCA which supersedes the prior amendment from September 2015. The amendment, effective July 1, 2016, allows the Company’s Directors to elect to defer part or all of their fees into a stock account, consisting of the Company’s common stock, which is administered through a rabbi trust. The Company is responsible for submitting each Director’s deferral to the trustee of the rabbi trust to be used for the purchase of the Company’s common stock. Distributions from the Director’s stock account shall be made in the same medium, the Company’s common stock. The participant’s benefit will be distributed to the participant or his beneficiary upon a change in control of the Company, the termination of the DCA, the occurrence of an unforeseeable emergency, the termination of service or the participant’s death or disability. Upon distribution, a participant’s benefit will be paid in monthly installments over a period of ten years. At December 31, 2019 and 2018, the liability for the DCA was $54 thousand and $25 thousand, respectively. The DCA liability of $54 thousand at December 31, 2019, consisted entirely of amounts deferred under the interest rate earnings election; the liability of $25 thousand at December 31, 2018, consisted entirely of amounts deferred under the interest rate earnings election. During 2016, the amounts deferred under the common stock performance election were transferred into the stock account administered through the Rabbi Trust. In conjunction with the DCA, at December 31, 2019, 88,901 shares of Company common stock were held in the Rabbi Trust. In July 2011, the Company entered into a Supplemental Executive Retirement Agreement (“SERP”), a non-qualified defined contribution pension plan that provides supplemental retirement income for the Company’s Chief Executive Officer. The SERP was effective as of January 1, 2011. Based on the attainment of certain annual performance targets, the Company will make annual contributions to the SERP. Any amounts credited to the SERP will accrue interest equal to that paid by U.S. 10‑year Treasury Notes for each applicable year. The SERP provides for the benefits to be paid monthly over a 5‑year period commencing the first day of the month following the later of the participant’s 65th birthday, or normal retirement age, or termination of employment. At December 31, 2019 and 2018, the carrying value of the SERP was $643 thousand and $535 thousand, respectively.

COMPREHENSIVE INCOME AND ACCUMU

COMPREHENSIVE INCOME AND ACCUMULATED OTHER COMPREHENSIVE INCOME	12 Months Ended
	Dec. 31, 2019
COMPREHENSIVE INCOME AND ACCUMULATED OTHER COMPREHENSIVE INCOME
COMPREHENSIVE INCOME AND ACCUMULATED OTHER COMPREHENSIVE INCOME	NOTE 16 – COMPREHENSIVE INCOME AND ACCUMULATED OTHER COMPREHENSIVE INCOME Accounting principles generally require that recognized revenue, expenses, gains and losses be included in net income. Although certain changes in assets and liabilities, such as unrealized gains and losses on available for sale securities, are reported as a separate component of the equity section of the balance sheet, such items, along with net income, are components of comprehensive income. The components of accumulated other comprehensive (loss) income, net of tax, are as follows: Year Ended December 31, 2019 Year Ended December 31, 2018 (Dollars in thousands) Unrealized gains (losses) on available for sale securities Unrealized gains (losses) on derivatives Retirement benefit plan Total Unrealized gains (losses) on available for sale securities Unrealized gains (losses) on derivatives Retirement benefit plan Total Beginning balance, net of tax $ (1,150) $ 975 $ 8 $ (167) $ 329 $ 1,058 $ — $ 1,387 Other comprehensive (loss) income before reclassification, net of tax 3,267 (3,216) — 51 (1,454) (97) 8 (1,543) Amounts reclassified from accumulated other comprehensive income (loss), net of tax (1,437) 43 — (1,394) (25) 14 — (11) Net current period other comprehensive income, net of tax 1,830 (3,173) — (1,343) (1,479) (83) 8 (1,554) Ending balance, net of tax $ 680 $ (2,198) $ 8 $ (1,510) $ (1,150) $ 975 $ 8 $ (167) Reclassification adjustments for gains (loss) on securities transactions of $2.1 million and $(36) thousand for the years ended December 31, 2019 and 2018, respectively, are presented in the income statement within the line item for net gain on securities transactions. The other components of accumulated other comprehensive (loss) income included in stockholders` equity at December 31, 2019 and 2018 are as follows: (Dollars in thousands) 2019 2018 Unrealized gain (loss) on available for sale investments $ 665 $ (1,152) Unrealized (loss) gain on derivative instruments (2,182) 977 Unrealized gain on retirement benefits 7 8 Accumulated other comprehensive (loss) $ (1,510) $ (167)

EARNINGS PER SHARE

EARNINGS PER SHARE	12 Months Ended
	Dec. 31, 2019
EARNINGS PER SHARE
EARNINGS PER SHARE	NOTE 17 – EARNINGS PER SHARE The following table sets forth the computations of basic and diluted earnings per share: Income Shares Per Share (Dollars in thousands, except share and per share data) (Numerator) (Denominator) Amount Year Ended December 31, 2019: Shares Outstanding (weighted average) 9,349,907 Shares held by Rabbi Trust 88,901 Shares liability under deferred compensation agreement (88,901) Basic earnings per share: Net earnings applicable to common stockholders $ 22,543 9,349,907 $ 2.41 Effect of dilutive securities: Unexercised stock awards - 31,670 Diluted earnings per share: Net income applicable to common stockholders and assumed conversions $ 22,543 9,381,577 $ 2.40 Year Ended December 31, 2018: Shares Outstanding (weighted average) 7,874,676 Shares held by Rabbi Trust 99,029 Share liability under deferred compensation agreement (99,029) Basic earnings per share: Net earnings applicable to common stockholders $ 9,923 7,874,676 $ 1.26 Effect of dilutive securities: Unexercised stock awards - 46,593 Diluted earnings per share: Net income applicable to common stockholders and assumed conversions $ 9,923 7,921,269 $ 1.25 There were 50,045 and 13,317 shares of unvested restricted stock awards and options outstanding during the twelve months ended December 31, 2019 and 2018, respectively, that were not included in the computation of diluted EPS because to do so would have been anti-dilutive for the periods presented.

STOCK INCENTIVE PLANS

STOCK INCENTIVE PLANS	12 Months Ended
	Dec. 31, 2019
STOCK INCENTIVE PLANS
STOCK INCENTIVE PLANS	NOTE 18 – STOCK INCENTIVE PLANS During 2005, the stockholders approved the 2004 Equity Incentive Plan (the “2004 Plan”) to provide equity incentives to selected persons. Awards may be granted to employees, officers, directors, consultants and advisors of the Company or subsidiary. Awards granted under the 2004 Plan may be either stock options or restricted stock awards and are designated at the time of grant. Options granted under the 2004 Plan to directors, consultants and advisors are non-qualified stock options. Options granted to officers and other employees may be incentive stock options or non-qualified stock options. Restricted stock awards may be made to any plan participant. As of December 31, 2019, there were no authorized shares available for future grants under the 2004 Plan. During 2013, the stockholders approved the 2013 Equity Incentive Plan (the “2013 Plan”) to provide equity incentives to selected persons. Awards may be granted to employees, officers, directors, consultants and advisors of the Company or subsidiary. Awards granted under the 2013 Plan may be either stock options or restricted stock awards and are designated at the time of grant. Restricted stock awards may be made to any plan participant. As of December 31, 2019, there were 15,898 shares available for future grants under the 2013 Plan. During 2019, the Company’s stockholders approved the 2019 Equity Incentive Plan (the “2019 Plan”) to provide equity incentives to selected persons. Awards may be granted to employees, officers, directors, consultants and advisors of the Company or subsidiary. Awards granted under the 2019 Plan may be either stock options or restricted stock awards and are designated at the time of grant. Restricted stock awards may be made to any plan participant. As of December 31, 2019, there were 269,387 shares available for future grants under the 2019 Plan. Information regarding the Company’s restricted stock grants activity for the years ended December 31, 2019 and 2018 are as follows: 2019 2018 Weighted Weighted Average Average Number of Grant Date Number of Grant Date Shares Fair Value Shares Fair Value Unvested restricted stock, beginning of year 97,465 $ 24.45 85,761 $ 18.34 Granted (vesting period between 3-5 years) 74,670 21.96 50,045 28.85 Forfeited (18,412) 24.38 (4,148) 17.66 Vested (41,050) 22.26 (34,193) 16.39 Unvested restricted stock, end of period 112,673 $ 23.60 97,465 $ 24.45 Total stock-based compensation related to restricted stock awards was $1.0 million and $767 thousand for the years ended December 31, 2019 and December 31, 2018, respectively. As of December 31, 2019 and 2018, there were $1.8 million and $1.6 million, respectively, of unrecognized compensation cost related to non-vested restricted stock awards which is expected to be recognized over a weighted average period of 3.6 years and 2.1 years. Options granted to officers and other employees and which are incentive stock options, are subject to limitations under Section 422 of the Internal Revenue Code. The option price under each such grant shall not be less than the fair market value on the date of the grant. No option will be granted for a term in excess of ten years. The Company established a vesting schedule that must be satisfied before the options may be exercised. Stock option transactions under all plans are summarized as follows: Weighted Average Weighted Exercise Average Aggregate Number of Price per Contractual Intrinsic Shares Share Term Value Outstanding, December 31, 2017 69,123 $ 11.10 Options granted — — Options expired — — Options exercised — — Outstanding, December 31, 2018 69,123 11.10 Options granted — — Options expired (5,077) 11.37 Options forfeited (14,304) $ 11.37 Outstanding, December 31, 2019 49,742 $ 11.17 $ 683,998 Exercisable, December 31, 2019 40,349 $ 10.87 $ 567,067 The following table summarizes information about stock options outstanding and exercisable at December 31, 2019: Weighted Average Exercise Number Remaining Number Price Outstanding Life (Years) Exercisable 23,000 23,000 6,526 5,220 20,216 12,129 49,742 40,349 During the year ended December 31, 2019 there were $5 thousand stock options exercised with an intrinsic value of $161 thousand to the stock options outstanding. There were no options exercised in 2018. During the year ended December 31, 2019 and 2018, we expensed $33 thousand and $49 thousand, respectively, in stock-based compensation under stock options awards. There were no options granted during the year ended December 31, 2019 and 2018. The weighted average expected life of stock options represents the period of time that the stock options are expected to be outstanding and is estimated using historical data of stock option exercises and estimated forfeiture rates. Expected future expense relating to the non-vested options outstanding as of December 31, 2019 is $16 thousand over a weighted average period of 0.4 years. Upon exercise of vested options, management expects to draw on authorized unissued stock as the source of the shares.

INCOME TAXES

INCOME TAXES	12 Months Ended
	Dec. 31, 2019
INCOME TAXES
INCOME TAXES	NOTE 19 – INCOME TAXES The Company and its subsidiary are subject to U.S. federal and state income tax. The components of income tax expense for the years ended December 31, 2019 and 2018 are as follows: (Dollars in thousands) 2019 2018 Current: Federal $ 5,197 $ 2,112 State 2,461 1,393 7,658 3,505 Deferred: Federal 187 (51) State (749) (395) (562) (446) $ 7,096 $ 3,059 The reconciliation of the statutory federal income tax at a rate of 21% and 21%, respectively, to the income tax expense included in the statements of income and comprehensive income for the years ended December 31, 2019 and 2018 is as follows: (Dollars in thousands) 2019 2018 Federal income tax at statutory rate $ 6,224 21 % $ 2,726 21 % Tax exempt interest (223) (1) (371) (3) State income tax, net of federal income tax effect 1,352 5 788 6 Bank owned life insurance (195) (1) (160) (1) M&A expenses — — 171 1 Other (62) — (95) — $ 7,096 24 % $ 3,059 24 % The components of the net deferred tax asset at December 31, 2019 and 2018 are as follows: (Dollars in thousands) 2019 2018 Deferred tax assets: Allowance for loan losses $ 2,654 $ 2,069 Deferred compensation 500 462 Deferred fees — — Foreclosed real estate 38 99 Restricted stock 300 258 Depreciation 303 — Prepaid expenses 13 — Purchase accounting 772 — Unrealized loss on securities available for sale — 401 Unrealized loss on interest rate swaps 1,007 — Other 1,280 759 Total deferred tax assets 6,867 4,048 Deferred tax liabilities: Depreciation — (26) Prepaid expenses — (66) Purchase accounting — (51) Unrealized gain on retirement benefit plan (3) (3) Unrealized gain on securities, available for sale (328) — Unrealized gain on interest rate swaps — (358) Total deferred tax asset (liabilities) (331) (504) Net deferred tax asset, included in other assets $ 6,536 $ 3,544

TRANSACTIONS WITH EXECUTIVE OFF

TRANSACTIONS WITH EXECUTIVE OFFICERS, DIRECTORS AND PRINCIPAL STOCKHOLDERS	12 Months Ended
	Dec. 31, 2019
TRANSACTIONS WITH EXECUTIVE OFFICERS, DIRECTORS AND PRINCIPAL STOCKHOLDERS
TRANSACTIONS WITH EXECUTIVE OFFICERS, DIRECTORS AND PRINCIPAL STOCKHOLDERS	NOTE 20 – TRANSACTIONS WITH EXECUTIVE OFFICERS, DIRECTORS AND PRINCIPAL STOCKHOLDERS The Company has had, and may be expected to have in the future, banking transactions in the ordinary course of business with its executive officers, directors, principal stockholders, their immediate families and affiliated companies (commonly referred to as related parties), on the same terms, including interest rates and collateral, as those prevailing at the time for comparable transactions with others. The related party loan activity for the years ended December 31, 2019 and 2018 is summarized as follows: (Dollars in thousands) 2019 2018 Balance, beginning $ 28,923 $ 21,564 Disbursements 603 9,852 Repayments and other (10,861) (2,493) Balance, ending $ 18,665 $ 28,923 Deposits from certain executive officers, directors and their affiliates at December 31, 2019 and 2018 totaled $20.0 million and $45.5 million, respectively. Certain related parties of the Company provided legal services and appraisal services to the Company. Legal services provided by related parties totaled $93 thousand and $39 thousand for the years ended December 31, 2019 and 2018, respectively. Appraisal services provided by related parties totaled $45 thousand and $9 thousand for the years ended December 31, 2019 and 2018, respectively. The Company also paid rent to related parties for an office location in the amount of $155 thousand and $152 thousand for the years ended December 31, 2019 and 2018, respectively.

FINANCIAL INSTRUMENTS WITH OFF-

FINANCIAL INSTRUMENTS WITH OFF-BALANCE SHEET RISK	12 Months Ended
	Dec. 31, 2019
FINANCIAL INSTRUMENTS WITH OFF-BALANCE SHEET RISK
FINANCIAL INSTRUMENTS WITH OFF-BALANCE SHEET RISK	NOTE 21 – FINANCIAL INSTRUMENTS WITH OFF-BALANCE SHEET RISK The Company is a party to financial instruments with off-balance sheet risk in the normal course of business to meet the financing needs of its customers. These financial instruments include commitments to extend credit and letters of credit. Those instruments involve, to varying degrees, elements of credit risk in excess of the amount recognized in the balance sheet. The Company`s exposure to credit loss in the event of nonperformance by the other party to the financial instrument for commitments to extend credit is represented by the contractual amount of those instruments. The Company uses the same credit policies in making commitments and conditional obligations as it does for on-balance sheet instruments. A summary of the Company’s financial instrument commitments at December 31, 2019 and 2018 is as follows: (Dollars in thousands) 2019 2018 Commitments to grant loans $ 134,140 $ 87,722 Unfunded commitments under lines of credit 199,872 184,523 Outstanding standby letters of credit 2,149 1,376 Commitments to extend credit are agreements to lend to a customer as long as there is no violation of any condition established in the contract. Since many of the commitments are expected to expire without being drawn upon, the total commitment amounts do not necessarily represent future cash requirements. Commitments generally have fixed expiration dates or other termination clauses and may require payment of a fee. The Company evaluates each customer’s credit worthiness on a case-by-case basis. The amount of collateral obtained, if deemed necessary by the Company upon extension of credit, is based on management’s credit evaluation. Collateral held varies but may include personal or commercial real estate, accounts receivable, inventory and equipment. Outstanding letters of credit are conditional commitments issued by the Company to guarantee the performance of a customer to a third party. The Company’s exposure to credit loss in the event of nonperformance by the other party to the financial instrument for standby letters of credit is represented by the contractual amount of those instruments. These standby letters of credit expire within twelve months, although many have automatic renewal provisions. The credit risk involved in issuing letters of credit is essentially the same as that involved in extending other loan commitments. The Company requires collateral and personal guarantees supporting these letters of credit as deemed necessary. Management believes that the proceeds obtained through a liquidation of such collateral and enforcement of personal guarantees would be sufficient to cover the maximum potential amount of future payments required under the corresponding guarantees. The current amount of the liability as of December 31, 2019 and 2018 for guarantees under standby letters of credit issued is not material.

REVENUE RECOGNITION

REVENUE RECOGNITION	12 Months Ended
	Dec. 31, 2019
REVENUE RECOGNITION
REVENUE RECOGNITION	NOTE 22 – REVENUE RECOGNITION Effective July 1, 2018, the Company adopted ASU 2014‑09 Revenue from Contracts with Customers and all subsequent amendments to the ASU (collectively, “ASC 606”), which (i) creates a single framework for recognizing revenue from contracts with customers that fall within its scope and (ii) revises when it is appropriate to recognize a gain (loss) from the transfer of nonfinancial assets, such as securities and premises and equipment. The majority of the Company’s revenues come from interest income and other sources, including loans, leases, securities, and derivatives that are outside the scope of ASC 606. The Company’s services that fall within the scope of ASC 606 are presented within other income and are recognized as revenue as the Company satisfies its performance obligation to the customer. Services within the scope of ASC 606 include deposit service charges on deposits, interchange income, and insurance contracts. The Company, using a modified retrospective transition approach, determined that there will be no cumulative effect adjustment to retained earnings as a result of adopting the new standard, nor will the standard have a material impact on our consolidated financial statements including the timing or amounts of revenue recognized. All of the Company’s revenue from contracts with customers within the scope of ASC 606 is recognized within other income. The following table presents the Company’s sources of other income for the years ended December 31, 2019 and 2018. Sources of revenue outside the scope of ASC 606 are noted as such. Year Ended December 31, (Dollars In Thousands) 2019 2018 Other income: Service fees on deposit accounts $ 1,403 $ 1,290 ATM and debit card fees 1,075 983 Bank-owned life insurance (1) 931 761 Insurance commissions and fees 8,017 6,640 Investment brokerage fees (1) 134 104 Net gain on sales of securities (1) 2,055 36 Net (loss) gain on sale and disposal of premises and equipment (1) (334) 9 Other 1,064 926 Total Other Income $ 14,345 $ 10,749 (1) Not within the scope of ASC 606. A description of the Company’s revenue streams accounted for under ASC 606 is as follows: Service Fees on Deposit Accounts The Company earns fees from deposit customers for transaction-based, account maintenance, and overdraft services. Transaction-based fees, which include services such as ATM use fees, stop payment charges, statement rendering, and ACH fees, are recognized at the time the transaction is executed at the point in the time the Company fulfills the customer’s request. Account maintenance fees, which relate primarily to monthly maintenance, are earned over the course of a month, representing the period over which the Company satisfies the performance obligation. Overdraft fees are recognized at the point in time that the overdraft occurs. Service charges on deposits are withdrawn from the customer’s account balance. ATM and debit card fees The Company earns interchange fees from debit and credit card holder transactions conducted through various payment networks. Interchange fees from cardholder transactions are recognized daily, concurrently with the transaction processing services provided by an outsource technology solution and are presented on a net basis. Insurance commissions and fees Commission revenues are recognized as of the effective date of the insurance policy or the date on which the policy premium is processed into our systems, whichever is later. Commission revenues related to installment billings are recognized on the latter of effective or invoiced date. Subsequent commission adjustments are recognized upon our receipt of notification from insurance companies concerning matters necessitating such adjustments. Profit-sharing contingent commissions are recognized when determinable based on our best estimate of earned amounts and other pertinent factors. Other Other fees consist of revenues that are both in scope and out of scope of ASC 606. Other fee revenues in scope of ASC 606 are made up of wire transfer fees for deposit customers, other agency fee income for SB One Insurance, and other deposit related fees. Revenues for such fees are recognized at the point the fee is incurred by the customer.

STOCKHOLDERS' EQUITY, CAPITAL A

STOCKHOLDERS' EQUITY, CAPITAL AND REGULATORY MATTERS	12 Months Ended
	Dec. 31, 2019
STOCKHOLDERS' EQUITY, CAPITAL AND REGULATORY MATTERS
STOCKHOLDERS' EQUITY, CAPITAL AND REGULATORY MATTERS	NOTE 23 – STOCKHOLDERS’ EQUITY, CAPITAL AND REGULATORY MATTERS In 2017, the Company closed a public offering of 1,136,363 shares of the Company’s common stock at a public offering price of $24.00 per share. The Company granted the underwriters a 30‑day option to purchase up to an additional 113,636 shares of its common stock, which was exercised in full by the Underwriters on June 16, 2017. The net proceeds to the Company (including the proceeds from the exercise of the Underwriters’ option) after deducting underwriting discounts and commissions was $28.0 million, which will be used for general corporate purposes. The Company incurred $470 thousand in offering expenses which reduced net proceeds. The Company is required to maintain cash reserve balances either in vault cash or with the Federal Reserve Bank. The total of those reserve balances was approximately $1.3 million at December 31, 2019. The Bank is subject to various regulatory capital requirements administered by the federal banking agencies. Failure to meet the minimum capital requirements can initiate certain mandatory and possibly additional discretionary actions by regulators that, if undertaken, could have a direct material effect on the Company’s financial statements. Under capital adequacy guidelines and the regulatory framework for prompt corrective action, the Bank must meet specific capital guidelines that involve quantitative measures of the Bank’s assets, liabilities and certain off-balance sheet items as calculated under regulatory accounting practices. The Bank’s capital amounts and classification are also subject to qualitative judgments by the regulators about components, risk-weightings and other factors. The federal banking agencies have substantially amended the regulatory risk-based capital rules applicable to the Bank in 2013, and subsequently adopted in 2019 (effective January 1, 2020) a final rule intended to further simplify the Capital Rules applicable to depository institutions and their holding companies that have less than $10 billion in total consolidated assets. The 2013 amendments implemented the “Basel III” regulatory capital reforms and changes required by the Dodd-Frank Act. Pursuant to the Capital Rules, effective January 1, 2015, the minimum capital ratios are as follows: · 4.5% CET1 to risk-weighted assets; · 6.0% Tier 1 capital (that is, CET1 plus Additional Tier 1 capital) to risk-weighted assets; · 8.0% Total capital (that is, Tier 1 capital plus Tier 2 capital) to risk-weighted assets; and · 4.0% Tier 1 capital to average consolidated assets as reported on consolidated financial statements (called “leverage ratio”) The Capital Rules also include a “capital conservation buffer,” composed entirely of CET1, in addition to these minimum risk-weighted asset ratios. The capital conservation buffer is designed to absorb losses during periods of economic stress. Banking institutions that do not hold the requisite capital conservation buffer will face constraints on dividends, capital instrument repurchases, interest payments on capital instruments and discretionary bonus payments based on the amount of the shortfall. Thus, the capital standards applicable to the Company include an additional capital conservation buffer of 2.5% of CET1, effectively resulting in minimum ratios inclusive of the capital conservation buffer of (i) CET1 to risk-weighted assets of at least 7%, (ii) Tier 1 capital to risk-weighted assets of at least 8.5%, and (iii) total capital to risk-weighted assets of at least 10.5% An institution will be subject to limitations on paying dividends, engaging in share repurchases, and paying discretionary bonuses if its capital level falls below the buffer amount. These limitations will establish a maximum percentage of eligible retained income that could be utilized for such actions. As of December 31, 2019, the most recent notification from the Federal Deposit Insurance Corporation categorized the Bank as well capitalized under the regulatory framework for prompt corrective action. There are no conditions or events since that notification that management believes have changed the Bank’s category. Effective January 1, 2020 community banks with total consolidated assets under $10 billion, total off-balance sheet exposures of 25% or less of total consolidated assets, leverage ratio greater than 9% and trading assets and liabilities of 5% or less of total consolidated assets can opt into the Community Bank Leverage Ratio (“CBLR”) framework. A qualifying bank can opt into the CBLR framework at any time or opt out and become subject to general capital rules by completing the associated reporting data in the FFIEC Call Report. The impact of this regulatory simplification allows the electing bank to not have to complete the risk weighting schedules for schedule RC-R in the FFIEC Call Report. Instead, if the Company opts into the CBLR framework and meets the qualifying criteria, it will be considered to have satisfied the risk-based and leverage capital requirements in the generally applicable Capital Rules and to have met the well-capitalized ratio requirements for PCA purposes. As of December 31, 2019, the Company has not made a decision on whether to elect to adopt the CBLR framework. The Bank’s actual capital amounts and ratios at December 31, 2019 and 2018 are presented below: To be Well Capitalized For Capital Adequacy under Prompt Purposes plus Capital Corrective Action Actual Conservation Buffer Provisions (Dollars in thousands) Amount Ratio Amount Ratio Amount Ratio As of December 31, 2019 Total capital (to risk-weighted assets): $ 205,317 12.27 % >175,748 >10.50% >167,379 >10.00% Tier I capital (to risk-weighted assets): 195,050 11.65 % >142,272 >8.50 >133,903 >8.00 Common equity tier I capital (to average assets): 195,050 11.65 % >117,166 >7.00 >108,797 >6.50 Tier I capital (to average assets): 195,050 10.16 % >76,796 >4.00 >95,995 >5.00 As of December 31, 2018 Total capital (to risk-weighted assets): $ 188,647 12.94 % >143,984 >9.88% >145,733 >10.00% Tier I capital (to risk-weighted assets): 179,872 12.34 % >114,837 >7.88 >116,586 >8.00 Common equity tier I capital (to average assets): 179,872 12.34 % >92,977 >6.38 >94,726 >6.50 Tier I capital (to average assets): 179,872 12.06 % >59,673 >4.00 >74,591 >5.00 The Bank is subject to certain restrictions on the amount of dividends that it may declare due to regulatory considerations. The State of New Jersey banking laws specify that no dividend shall be paid by the Bank on its capital stock unless, following the payment of such dividend, the capital stock of the Bank will be unimpaired and the Bank will have a surplus of not less than 50% of its capital stock or, if not, the payment of such dividend will not reduce the surplus of the Bank. At December 31, 2019, the Bank’s funds available for payment of dividends were $216.5 million. Accordingly, $4.4 million of the Company’s equity in the net assets of the Bank was restricted as of December 31, 2019. In addition, dividends paid by the Bank to the Company would be prohibited if the effect thereof would cause the Bank’s capital to be reduced below applicable minimum capital requirements.

PARENT COMPANY ONLY FINANCIAL

PARENT COMPANY ONLY FINANCIAL	12 Months Ended
	Dec. 31, 2019
PARENT COMPANY ONLY FINANCIAL
PARENT COMPANY ONLY FINANCIAL	NOTE 24 – PARENT COMPANY ONLY FINANCIAL Condensed financial information pertaining only to the parent company, SB One Bancorp, is as follows: BALANCE SHEETS December 31, (Dollars in thousands) 2019 2018 Assets Cash $ 38 $ 80 Interest-bearing deposits with other banks 396 248 Investment in subsidiary 222,901 209,037 Accrued interest and other assets 3,843 3,995 Total Assets $ 227,178 $ 213,360 Liabilities and Stockholders' Equity Other liabilities $ 80 $ 58 Subordinated debentures 27,869 27,859 Stockholders' equity 199,229 185,443 Total Liabilities and Stockholders' Equity $ 227,178 $ 213,360 STATEMENTS OF INCOME AND COMPREHENSIVE INCOME Year Ended December 31, (Dollars in thousands) 2019 2018 Dividend received from subsidiaries $ 9,075 $ 2,803 Other income 1 — Interest expense on borrowings (12) (15) Interest expense on debentures (1,265) (1,263) Other expenses (301) (280) Income (loss) before income tax benefit and equity in undistributed net income of subsidiaries 7,498 1,245 Income tax benefit 330 305 Income (loss) before equity in undistributed net income of subsidiaries 7,828 1,550 Equity in undistributed net income of subsidiaries 14,715 8,373 Net Income 22,543 9,923 Comprehensive income $ 21,200 $ 8,369 STATEMENTS OF CASH FLOWS Year Ended December 31, (Dollars in thousands) 2019 2018 Cash Flows from Operating Activities: Net Income $ 22,543 $ 9,923 Adjustments to reconcile net income to net cash provided by operating activities: Amortization of subordinated debenture 10 11 Net change in other assets and liabilities 595 435 Equity in undistributed net income of subsidiaries (14,715) (8,373) Net Cash Provided by Operating Activities 8,433 1,996 Cash Flows from Investing Activities: Capital contribution from to subsidiaries — — Net Cash Used in Investing Activities — — Cash Flows from Financing Activities: Cash dividends paid (3,029) (2,263) Common stock issued (314) — Common stock repurchased (5,132) — Net Cash (Used in) by Financing Activities (8,475) (2,263) Net (Decrease) in Cash and Cash Equivalents (42) (267) Cash and Cash Equivalents - Beginning of Year 80 347 Cash and Cash Equivalents - End of Year $ 38 $ 80

CONTINGENCIES

CONTINGENCIES	12 Months Ended
	Dec. 31, 2019
CONTINGENCIES
CONTINGENCIES	NOTE 25 – CONTINGENCIES In the normal course of business, the Company is subject to various lawsuits involving matters generally incidental to its business. Management is of the opinion that the ultimate liability, if any, resulting from any pending actions or proceedings will not have a material effect on the financial condition or results of operations of the Company.

SUMMARY OF SIGNIFICANT ACCOUN_2

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	12 Months Ended
	Dec. 31, 2019
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
Principles of Consolidation	Principles of Consolidation The consolidated financial statements include the accounts of SB One Bancorp (the “Company”), formerly Sussex Bancorp, and its wholly owned subsidiary, SB One Bank (the “Bank”), formerly Sussex Bank. The Bank’s wholly owned subsidiaries are SCB Investment Company, Inc., SCBNY Company, Inc., Community Investing Company, Inc., ClassicLake Enterprises, LLC, GFR Maywood LLC, 490 Boulevard Realty Corp., PPD Holding Company, LLC and SB One Insurance Agency, Inc. (“SB One Insurance Agency”), formerly Tri-State Insurance Agency, Inc. All intercompany transactions and balances have been eliminated in consolidation.
Organization and Nature of Operations	Organization and Nature of Operations The Company’s business is conducted principally through the Bank. The Bank is a New Jersey state chartered bank and provides full banking services. The Bank generates commercial, mortgage and consumer loans and receives deposits from customers at its seven branches located in Sussex County, New Jersey, two branches in Essex County, New Jersey, one branch in Warren County, New Jersey, one branch in Bergen County, New Jersey, one branch in Middlesex County, New Jersey, one branch in Union County, New Jersey, and one in Queens County, New York. As a state bank, the Bank is subject to regulation by the New Jersey Department of Banking and Insurance and the Federal Deposit Insurance Corporation. The Company is subject to regulation by the Federal Reserve Board. SCB Investment Company, Inc., Community Investing Company, Inc. and SCBNY Company, Inc. hold portions of the Bank’s investment portfolio. SB One Insurance provides insurance agency services mostly through the sale of property and casualty insurance policies. ClassicLake Enterprises, LLC, and PPD Holding Company, LLC, GFR Maywood LLC and 490 Boulevard Realty Corp. hold certain foreclosed properties. In 2018, the Company opened a corporate office in Rockaway, New Jersey, a regional office and corporate centers in Wantage, New Jersey and Rochelle Park, New Jersey. In 2019, the Company opened a corporate office in Paramus, New Jersey.
Estimates	Estimates The preparation of consolidated financial statements in conformity with accounting principles generally accepted in the United States of America (“U.S. GAAP”) requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the consolidated financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. Material estimates that are particularly susceptible to significant change in the near term relate to the determination of the other-than-temporary impairment, allowance for loan losses, valuation of foreclosed real estate, valuation of goodwill, the valuation of deferred tax assets and the fair value of financial instruments.
Business Combinations	Business Combinations The Company accounts for business combinations under the purchase method of accounting. The application of this method of accounting requires the use of significant estimates and assumptions in the determination of the fair value of assets acquired and liabilities assumed in order to properly allocate purchase price consideration between assets that are amortized, accreted or depreciated from those that are recorded as goodwill. Our estimates of the fair values of assets acquired and liabilities assumed are based upon assumptions that we believe to be reasonable, and whenever necessary, include assistance from independent third-party appraisal and valuation firms.
Significant Group Concentrations of Credit Risk	Significant Group Concentrations of Credit Risk Most of the Company’s activities are with customers located within Sussex, Bergen, and Essex Counties and adjacent counties in the states of New Jersey, New York and Pennsylvania. Notes 4 and 5 discuss the types of securities that the Company invests in. The types of lending that the Company engages are included in Note 6. Although the Company has a diversified loan portfolio, its debtors’ ability to honor their contracts is influenced by the region’s economy. The Company does not have any significant concentrations in any one industry or customer.
Cash and Cash Equivalents	Cash and Cash Equivalents For purposes of the consolidated statements of cash flows, cash and cash equivalents include highly liquid instruments with original maturities of less than 90 days, primarily, balances due from banks, interest bearing deposits with banks and federal funds sold. Generally, federal funds are purchased and sold for one-day periods.
Securities	Securities Securities are designated at the time of acquisition as available for sale or held to maturity. Securities that the Company will hold for indefinite periods of time and that might be sold in the future as part of efforts to manage interest rate risk or in response to changes in interest rates, changes in prepayment risk, changes in market conditions or changes in economic factors are classified as available for sale. Securities available for sale are carried at fair value, with unrealized gains and losses excluded from earnings and reported in other comprehensive income (loss), net of related deferred tax effect. Securities that the Company has the positive intent and ability to hold to maturity are designated as held to maturity regardless of changes in market conditions, liquidity needs or changes in general economic conditions and carried at amortized cost. Purchase premiums and discounts are recognized in interest income using the level yield method over the earlier of call date or contractual terms of the securities. Gains and losses realized on sales of securities are determined on the specific identification method and are reported in non-interest income. The Company periodically evaluates the security portfolio to determine if a decline in the fair value of any security below its cost basis is other-than-temporary. The Company’s evaluation of other-than-temporary impairment considers the duration and severity of the impairment, the company’s intent and ability to hold the securities and our assessments of the reason for the decline in value and the likelihood of a near-term recovery. If a determination is made that a debt security is other-than-temporarily impaired, the Company will estimate the amount of the unrealized loss that is attributable to credit and all other non-credit related factors. The credit related component will be recognized as an other-than-temporary impairment charge in non-interest income. The non-credit related component will be recorded as an adjustment to accumulated other comprehensive income (“AOCI”), net of tax.
Federal Home Loan Bank Stock	Federal Home Loan Bank Stock Federal law requires a member institution of the Federal Home Loan Bank (“FHLB”) system to hold stock of its district FHLB according to a predetermined formula. Based on redemption provisions of the FHLB, the stock has no quoted market value and is carried at cost. The FHLB stock was carried at $12.1 million and $11.4 million for the years ended December 31, 2019 and 2018, respectively.
Loans Receivable	Loans Receivable Loans receivable that management has the intent and ability to hold for the foreseeable future or until maturity or payoff are stated at their outstanding unpaid principal balances, net of an allowance for loan losses and any deferred fees or costs. Interest income is accrued on the unpaid principal balance. Loan origination fees, net of certain direct origination costs, are deferred and recognized as an adjustment of the yield (interest income) of the related loans. The Bank is generally amortizing these amounts over the contractual life of the loan. The loans receivable portfolio is segmented into commercial, residential and consumer loans. Commercial loans consist of the following classes: commercial and industrial, commercial real estate, and construction loans. Residential and consumer loans consist of the following classes: residential real estate, consumer and other loans. For all classes of loans, the accrual of interest is discontinued when the contractual payment of principal or interest has become 90 days past due or management has serious doubts about further collectability of principal or interest, even though the loan is currently performing. A loan may remain on accrual status if it is in the process of collection and is either guaranteed or well secured. When a loan is placed on nonaccrual status, unpaid interest credited to income in the current year is reversed and unpaid interest accrued in prior years is charged against the allowance for loan losses. Interest received on nonaccrual loans including impaired loans generally are either applied against principal or reported as interest income, according to management’s judgment as to the collectability of principal. Generally, loans are restored to accrual status when the obligation is brought current, has performed in accordance with the contractual terms for a reasonable period of time (generally six months) and the ultimate collectability of the total contractual principal and interest is no longer in doubt. The past due status of all classes of loans receivable is determined based on contractual due dates for loan payments. PCI loans are loans acquired at a discount rate, in part, to credit quality. PCI loans are accounted for in accordance with ASC Subtopic 310‑30, “Loans and Debt Securities Acquired with Deteriorated Credit Quality”, and are initially recorded at fair value (as determined by the present value of expected future cash flows) with no valuation allowance (i.e., the allowance for loan losses). The difference between the undiscounted cash flows expected at acquisition and the initial carrying amount (fair value) of the PCI loans, or the “accretable yield,” is recognized as interest income utilizing the level-yield method over the life of the loans. Contractually required payments for interest and principal that exceed the undiscounted cash flows expected at acquisition, or the “non-accretable difference,” are not recognized as a yield adjustment, as a loss accrual or a valuation allowance. Reclassifications of the non-accretable difference to the accretable yield may occur subsequent to the loan acquisition dates due to increases in expected cash flows of the loans and would result in an increase in yield on a prospective basis.
Allowance for Loan Losses	Allowance for Loan Losses The allowance for loan losses represents the amount, which, in management’s judgment, will be adequate to absorb credit losses inherent in the loan portfolio as of the balance sheet date. The adequacy of the allowance is determined by management’s evaluation of the loan portfolio based on factors such as the differing economic risks associated with each loan category, the current financial condition of specific borrowers, the economic environment in which borrowers operate, the level of delinquent loans, the value of any collateral and, where applicable, the existence of any guarantees or indemnifications. The allowance for loan losses is established through the provision for loan losses charged against income. Loans deemed to be uncollectible are charged against the allowance for loan losses, and subsequent recoveries, if any, are credited to the allowance for loan losses. The allowance for loan losses consists of specific, general and unallocated components. The specific component relates to loans that are classified as impaired. For such loans, an allowance is established when the discounted cash flows, collateral value or observable market price is lower than the carrying value for that loan. The general component covers all other loans and is based on historical loss factors adjusted for general economic factors and other qualitative risk factors such as changes in delinquency trends, industry concentrations and local/national economic trends. The allowance contains reserves identified as unallocated. These reserves reflect management’s attempt to ensure that the overall allowance reflects a margin for imprecision and the uncertainty that is inherent in estimates of probable credit losses. A loan is considered impaired when, based on current information and events, it is probable that the Company will be unable to collect the scheduled payments of principal or interest when due according to the contractual terms of the loan agreement. Factors considered by management in determining impairment include payment status and the probability of collecting scheduled principal and interest payments when due. Loans that experience insignificant payment delays and payment shortfalls generally are not classified as impaired. Management determines the significance of payment delays and payment shortfalls on a case-by-case basis, taking into consideration all of the circumstances surrounding the loan and the borrower, including the length of the delay, the reasons for the delay, the borrower’s prior payment record and the amount of the shortfall in relation to the principal and interest owed. Impairment is measured on a loan by loan basis for commercial and industrial, commercial real estate and construction loans by either the present value of expected future cash flows discounted at the loan’s effective interest rate, the loan’s observable market price or the fair value of the collateral if the loan is collateral dependent.
Troubled Debt Restructurings ("TDR")	Troubled Debt Restructurings (“TDR”) A modification to the terms of a loan is generally considered a TDR if the Company grants a concession to the borrower that it would not otherwise consider for economic or legal reasons related to the debtor’s financial difficulties. A TDR may include, but is not necessarily limited to, the modification of loan terms such as a temporary or permanent reduction of the loan’s stated interest rate, extension of the maturity date and/or reduction or deferral of amounts owed under the terms of the loan agreement. All restructured loans that qualify as TDRs are placed on nonaccrual status for a period of no less than six months after restructuring, irrespective of the borrower’s adherence to a TDR’s modified repayment terms during which time TDRs continue to be adversely classified and reported as impaired. TDRs may be returned to accrual status if (1) the borrower has performed in accordance with the terms of the restructured loan agreement for no less than six consecutive months after restructuring, and (2) the Company expects to receive all principal and interest owed in accordance with the terms of the restructured loan agreement. If these conditions are met the loan may also be returned to a non-adverse classification while retaining its impaired status.
Transfers of Financial Assets	Transfers of Financial Assets Transfers of financial assets are accounted for as sales when control over the assets has been surrendered. Control over transferred assets is deemed to be surrendered when (1) the assets have been isolated from the Company, (2) the transferee obtains the right (free of conditions that constrain it from taking advantage of that right) to pledge or exchange the transferred assets, and (3) the Company does not maintain effective control over the transferred assets through an agreement to repurchase them before their maturity.
Foreclosed Real Estate	Foreclosed Real Estate Foreclosed real estate is primarily comprised of property acquired through a foreclosure proceeding or acceptance of a deed-in-lieu of foreclosure. Foreclosed real estate is initially recorded at fair value, less cost to sell at the date of foreclosure, establishing a new cost basis. Subsequent to foreclosure, valuations are periodically performed by management and the assets are carried at the lower of carrying amount or fair value less costs to sell. Revenues and expenses from operations and changes in the valuation allowance are included in expenses related to foreclosed real estate. We may obtain physical possession of real estate loans via foreclosure on an in-substance repossession. As of December 31, 2019, we held $3.8 million in foreclosed real estate properties as a result of obtaining physical possession. As of December 31, 2018, we held $4.1 million in foreclosed real estate properties as a result of obtaining physical possession.
Premises and Equipment	Premises and Equipment Land is carried at cost. Premises and equipment are stated at cost less accumulated depreciation. Depreciation is computed on the straight-line method over the following estimated useful lives of the related assets: Years Buildings and building improvements 20 – 40 Leasehold improvements 5 – 10 Furniture, fixtures and equipment 5 – 10 Computer equipment and software 3 – 5 The Company periodically evaluates impairment of long-lived assets to be held and used or to be disposed of by sale. There was no impairment of long-lived assets at any of the reported periods.
Bank-owned Life Insurance (BOLI)	Bank-owned Life Insurance (“BOLI”) BOLI is carried at the amount that could be realized under the Company’s life insurance contracts as of the date of the consolidated balance sheets and is classified as a non-interest earning asset. BOLI involves purchasing life insurance by the Company on a chosen group of employees in order to fund certain employee and director benefits. The Company is the owner and beneficiary of the policies. Increases in the carrying value are recorded as other income in the consolidated statements of income and insurance proceeds received are generally recorded as a reduction of the carrying value. The carrying value consists of cash surrender value of $37.2 million at December 31, 2019 and $35.8 million at December 31, 2018.
Goodwill and intangible assets	Goodwill and intangible assets Goodwill represents the excess of the purchase price over the fair market value of net assets acquired. At December 31, 2019 and 2018, the Company has recorded goodwill totaling $27.3 million and $27.3 million, respectively, consisting of $22.3 million from the acquisition of Community in 2018, $2.2 million from the acquisition of Enterprise in 2018, $2.3 million from the acquisition of an insurance agency in 2001 and $486 thousand from the acquisition of a bank branch in 2006. In accordance with current accounting standards, goodwill is not amortized, but evaluated at least annually for impairment. Any impairment of goodwill results in a charge to income. The Company periodically assesses whether events and changes in circumstances indicate that the carrying amounts of goodwill and intangible assets may be impaired. The estimated fair value of each reporting segment exceeded its book value; therefore, no write-down of goodwill was required. Goodwill related to acquisitions is not deductible for tax purposes. The balance of other intangible assets at December 31, 2019 totaled $1.7 million representing the remaining unamortized balance of the core deposit intangibles ascribed to the value of deposits acquired by the Bank through the acquisitions of Community in January 2018 and Enterprise in December 2018. The Company reported $2.1 million in intangible assets at December 31, 2018. Core deposit premiums represent the intangible value of depositor relationships assumed in purchase acquisitions and are amortized on an accelerated basis over 10 years.
Advertising Costs	Advertising Costs The Company follows the policy of charging the costs of advertising to expense as incurred.
Income Taxes	Income Taxes The Company accounts for income taxes under the asset/liability method in accordance with Financial Accounting Standards Board (“FASB”) Accounting Standards Codification 740, Income Taxes . The income tax guidance results in two components of income tax expense: current and deferred. Current income tax expense reflects taxes to be paid or refunded for the current period by applying the provisions of the enacted tax law to the taxable income or excess of deductions over revenues. Deferred tax assets and liabilities are recognized for the future tax consequences attributable to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax bases, as well as operating loss and tax credit carry forwards. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. The effect on deferred tax assets and liabilities of a change in tax rates is recognized in income in the period in which they occur. A valuation allowance is established against deferred tax assets when, in the judgment of management, it is more likely than not that such deferred tax assets will not become available. Because the judgment about the level of future taxable income is dependent to a great extent on matters that may, at least in part, be beyond the Company’s control, it is at least reasonably possible that management’s judgment about the need for a valuation allowance for deferred taxes could change in the near term. In connection with the accounting guidance related to accounting for uncertainty in income taxes, which sets out a consistent framework to determine the appropriate level of tax reserves to maintain for uncertain tax positions, the Company has evaluated its tax positions as of December 31, 2019. A tax position is recognized as a benefit only if it is “more likely than not” that the tax position would be sustained in a tax examination, with a tax examination being presumed to occur. The amount recognized is the largest amount of the tax benefit that has more than a 50 percent likelihood of being realized on examination. For tax positions not meeting the “more likely than not” test, no tax benefit is recorded. Under the “more likely than not” threshold guidelines, the Company believes no significant uncertain tax positions exist, either individually or in the aggregate, that would give rise to the non-recognition of an existing tax benefit. As of December 31, 2019 the Company had no material unrecognized tax benefits or accrued interest or penalties. The Company’s policy is to account for interest as a component of interest expense and penalties as a component of other expense. The Company and its subsidiaries file a consolidated federal income tax return as well as income tax returns in the States of New Jersey, New York and Pennsylvania. The Company’s federal and state income tax returns subsequent to 2016 remain subject to examination by respective tax authorities.
Off-Balance Sheet Financial Instruments	Off-Balance Sheet Financial Instruments In the ordinary course of business, the Bank has entered into off-balance sheet financial instruments consisting of commitments to extend credit and letters of credit. Such financial instruments are recorded in the balance sheet when they are funded.
Derivatives	Derivatives The Company utilizes derivative instruments in the form of interest rate swaps to hedge the variability in its cash flows due to interest rate risk. The variability in cash flows is managed as part of the Company’s asset/liability management process. In accordance with accounting requirements, the Company formally designates all of its hedging relationships as cash flow hedges, intended to offset changes in the cash flows of certain financial instruments due to movement in interest rates, and documents the strategy for undertaking the hedge transactions and its method of assessing ongoing effectiveness. All derivatives are recognized as either assets or liabilities in the Consolidated Financial Statements at their fair values. Should the cash flow hedge become ineffective, the ineffective portion of changes in fair value (i.e. gain or loss) is reported in current period earnings. The effective portion of the change in fair value is initially recorded as a component of other comprehensive income net of deferred tax. Derivative effectiveness and ineffectiveness will be assessed and measured at the date of designation (inception), each reporting date, and ongoing ensure that ongoing high effectiveness is expected by regression analysis of the periodic change in fair value of the hedging instrument and the periodic change in fair value of the hypothetical derivative. The Company’s interest rate derivatives are comprised entirely of interest rate swaps hedging floating-rate and forecasted issuances of fixed-rate liabilities and accounted for as cash flow hedges. The carrying value of interest rate derivatives is included in the balance of other assets or other liabilities.
Stock Compensation Plans	Stock Compensation Plans The Company currently has multiple stock plans in place for employees and directors of the Company. U.S. GAAP requires that the compensation cost relating to share-based payment transactions be recognized in financial statements. The share-based compensation accounting guidance requires that compensation cost for all stock awards be calculated and recognized over a defined vesting period. For awards with graded-vesting, compensation cost is recognized on a straight-line basis over the requisite vesting period for the entire award. A Black-Scholes model is used to estimate the fair value of stock options, while the market price of the Company’s common stock at the date of grant is used for restricted stock awards. If pre-vesting termination (forfeiture) occurs, then any expense recognized to date can be reversed. Effective in 2016, the Company and Bank amended the Directors’ Deferred Compensation Agreement (“DCA”) to permit directors of the Company and Bank to defer their board fees in the form of shares of to be held in Rabbi Trust. Fees deferred in the form of shares placed in the Rabbi Trust are accounted for and disclosed in accordance with the applicable guidance specific to deferred compensation plans involving Rabbi Trusts contained within Accounting Standards Codification (“ASC”) section 710.
Earnings per Share	Earnings per Share Basic earnings per share represents net income available to common stockholders divided by the weighted-average number of common shares outstanding during the period. The weighted-average common shares outstanding include the weighted-average number of shares of common stock outstanding and the weighted average number of unvested shares of participating restricted stock. Diluted earnings per share reflect additional common shares that would have been outstanding if dilutive potential common shares had been issued, as well as any adjustment to income that would result from the assumed issuance. Potential common shares that may be issued by the Company relate to unexercised outstanding stock options. Potential common shares related to stock options are determined using the treasury stock method. Shares held by the Rabbi Trust are treated as treasury stock for purposes of basic and diluted earnings per share calculations while the related share obligations are reflection in the denominator of the earnings per share calculations in accordance with the provisions of ASC 260‑10‑45.
Comprehensive Income	Comprehensive Income Comprehensive income includes net income and all other changes in equity during a period except those resulting from investments by owners and distributions to owners. Other comprehensive income includes revenues, expenses, gains and losses that under U.S. GAAP are included in comprehensive income but excluded from net income. Comprehensive income and accumulated other comprehensive income (“AOCI”) are reported net of related income taxes. AOCI for the Company consists of unrealized holding gains or losses on securities available for sale and fair value adjustments on derivatives.
Segment Reporting	Segment Reporting The Company acts as an independent community financial services provider and offers traditional banking and related financial services to individual, business and government customers. Through its branch and automated teller machine networks, the Bank offers a full array of commercial and retail financial services, including taking of time, savings and demand deposits; the making of commercial, consumer and mortgage loans; and the providing of other financial services. Management does not separately allocate expenses, including the cost of funding loan demand, between the commercial, retail, trust and mortgage banking operations of the Bank. As such, discrete financial information is not available and segment reporting would not be meaningful. The Company’s insurance agency is managed separately from the traditional banking and related financial services that the Company offers. The insurance operations provides primarily property and casualty coverage. See Note 3 for segment reporting of insurance operations.
Insurance Agency Operations and revenue recognition	Insurance Agency Operations SB One Insurance is a retail insurance broker operating in the State of New Jersey. The insurance agency’s primary source of revenue is commission income, which is earned by placing insurance coverage for its customers with various insurance underwriters. The insurance agency places basic property and casualty, life and health coverage with about twenty different insurance carriers. There are two main billing processes, direct billing (currently accounts for approximately 80% of revenues) and agency billing. Revenue Recognition of SB One Insurance Agency Commission revenues are recognized as of the effective date of the insurance policy or the date on which the policy premium is processed into our systems, whichever is later. Commission revenues related to installment billings are recognized on the latter of effective or invoiced date. Subsequent commission adjustments are recognized upon our receipt of notification from insurance companies concerning matters necessitating such adjustments. Profit-sharing contingent commissions are recognized when determinable, based on our best estimate of earned amounts and other pertinent factors.
Subsequent Events	Subsequent Events The Company has evaluated events and transactions occurring subsequent to the balance sheet date of December 31, 2019 for items that should potentially be recognized or disclosed in these financial statements. The evaluation was conducted through the date these financial statements were issued.
New Accounting Standards	New Accounting Standards In February 2016, FASB issued Accounting Standards Update (“ASU”) 2016-02, Leases (Topic 842). Under the new guidance, lessees are required to recognize the following for all leases (with the exception of short-term leases) at the commencement date: (i) a lease liability, which is a lessee’s obligation to make lease payments arising from a lease, measured on a discounted basis; and (ii) a right-of-use asset, which is an asset that represents the lessee’s right to use, or control the use of, a specified asset for the lease term. Under the new guidance, lessor accounting is largely unchanged. Public business entities should apply the amendments in ASU 2016-02 for fiscal years beginning after December 15, 2018, including interim periods within those fiscal years. Early application is permitted for all public business entities upon issuance. Lessees (for capital and operating leases) and lessors (for sales-type, direct financing, and operating leases) must apply a modified retrospective transition approach for leases existing at, or entered into after, the beginning of the earliest comparative period presented in the financial statements. In July 2018, the FASB issued ASU 2018-10, Codification Improvements to Topic 842, Leases which was issued to clarify and correct untended application of the guidance in ASU 2016-02 (Topic 842). The amendments in this ASU affect aspects of the guidance issued in ASU 2016-02 and provide clarification to related topics, such as 1) Rate implicit in the lease; 2) Reassessment of leases; 3) Transition guidance; and 4) Impairment of net investment in the lease. In July 2018, the FASB also issued ASU 2018-11 Leases (Topic 842) Targeted Improvements, which provides guidance related to comparative reporting requirements for initial adoption and separating lease and non-lease components. Currently, entities are required to adopt the new standard utilizing the modified retrospective approach. This amendment provides entities with an additional transition method which allows entities to initially apply the new leases standard at the adoption date and recognize a cumulative-effect adjustment to the opening balance of retained earnings in the period of adoption. Currently, ASU 2016-02 provides a practical expedient to lessees to allow them to not separate non-lease components from lease components; however, it does not provide a similar practical expedient to lessors. This amendment provides a practical expedient to lessors which allows them the option to not separate non-lease components from the associated lease components. However, the lessor practical expedient is limited to circumstances in which the non-lease components would otherwise be account for under the new revenue guidance (Topic 606). In addition, both of the following conditions must be met: the timing and pattern of transfer are the same for non-lease components and associated lease components 2) the lease component, if accounted for separately, would be classified as an operating lease. An entity that elects the lessor practical expedient is also required to provide certain disclosures. For entities that early adopted Topic 842 the amendments in these ASUs are effective upon issuance. The Company adopted both ASU No. 2016-02 and ASU No. 2018-11 effective January 1, 2019 and elected to apply the guidance as of the beginning of the period of adoption (January 1, 2019) and not restate comparative periods. The Company also elected certain optional practical expedients, which allow the Company to forego a reassessment of (1) whether any expired or existing contracts are or contain leases, (2) the lease classification for any expired or existing leases, and (3) the initial direct costs for any existing leases. Additionally, the Company elected to adopt the practical expedient use of hindsight to determine right of use asset and lease liability for each lease with a renewal option through their first option date. Adoption of the standard did not result in material changes to the Company's consolidated results of operations. The Company's adoption of the ASU resulted in a right of use asset and lease liability of approximately $2.7 million at January 1, 2019. The impact of the adoption on the Company's operating results was not significant. In March 2019, FASB issued ASU 2019-01, Leases (Topic 842): Codification Improvements, which amends certain aspects of FASB's leasing standard, ASU 2016-02.1 ASU 2019-01 is the result of a proposed ASU issued in December 2018. The ASU addresses the following issues: " Determining the fair value of the underlying asset by lessors that are not manufacturers or dealers. " Statement of cash flows presentation for sales-type and direct financing leases by lessors within the scope of ASC 942.3 " Clarification of interim disclosure requirements during transition. ASU 2019-01 will be effective for public business entities for fiscal years ending after December 15, 2019. The adoption of the ASU is not expected to have a material impact on the Company’s consolidated financial statements. In June 2016, FASB issued ASU 2016-13, Financial Instruments – Credit Losses (Topic 326), which introduces new guidance for the accounting for credit losses on instruments within its scope. The new guidance introduces an approach based on expected losses to estimate credit losses on certain types of financial instruments. It also modifies the impairment model for available-for- sale (AFS) debt securities and provides for a simplified accounting model for purchased financial assets with credit deterioration since their origination. In April 2019, FASB issued ASU 2019-04, Codification Improvements to Topic 326, Financial Instruments—Credit Losses. ASU 2019-04 made amendments to the following categories in ASU 2016-13 which include Accrued interest, transfers between classifications or categories for loans and debt securities, recoveries, reinsurance recoverables, projections of interest rate environments for variable-rate financial instruments, costs to sell when foreclosure is probable, consideration of expected prepayments when determining the effective interest rate, vintage disclosures and extension and renewal options. In May 2019, FASB issued ASU 2019-05, Financial Instruments - Credit Losses (Topic 326); Targeted Transition Relief, ASU 2019-05 allows the Company to irrevocably elect, upon adoption of ASU 2016-13, the fair value option on financial instruments that (1) were previously recorded at amortized cost and (2) are within the scope of Topic 326 if the instruments are eligible for the fair value option under authoritative guidance for fair value. The fair value option election does not apply to held-to-maturity debt securities. We are required to make this election on an instrument-by-instrument basis. This ASU will be effective for public business entities that are SEC filers and considered smaller reporting companies in fiscal years beginning after December 15, 2022, including interim periods within those fiscal years. Early application of the guidance will be permitted for all entities for fiscal years beginning after December 15, 2018, including interim periods within those fiscal years. The Company elected not to adopt ASU 2016-13 early. The Company is currently evaluating the impact of the pending adoption of the new standard on its consolidated financial statements. The Company has determined that a third-party vendor will assist with model development, data governance and operational controls to support the adoption of this ASU. Model implementation, including development and validation, began in the second quarter of 2019, as did the establishment of the control activities required to support the models. In January 2017, FASB issued ASU 2017‑04, Simplifying the Test for Goodwill Impairment (Topic 350). The main objective of this ASU is to simplify the accounting for goodwill impairment by requiring impairment charges be based upon the first step in the current two-step impairment test under Accounting Standards Codification (ASC) 350. Currently, if the fair value of a reporting unit is lower than its carrying amount (Step 1), an entity calculates any impairment charge by comparing the implied fair value of goodwill with its carrying amount (Step 2). This ASU’s objective is to simplify how all entities assess goodwill for impairment by eliminating Step 2 from the goodwill impairment test. As amended, the goodwill impairment test will consist of one step comparing the fair value of a reporting unit with its carrying amount. An entity should recognize a goodwill impairment charge for the amount by which the carrying amount exceeds the reporting unit’s fair value. The standard will be applied prospectively and is effective for annual and interim impairment tests performed in periods beginning after December 15, 2019. Early adoption is permitted for annual and interim goodwill impairment testing dates after January 1, 2017. The Company is currently evaluating the impact of the pending adoption on its consolidated financial statements and expects no significant impact on its results. In March 2017, FASB issued ASU 2017‑08, Premium Amortization on Purchased Callable Debt Securities (Subtopic 310‑20). The update shortens the amortization period for premiums on purchased callable debt securities to the earliest call date. The amendment will apply only to callable debt securities with explicit, noncontingent call features that are callable at fixed prices and on preset dates, apply to all premiums on callable debt securities, regardless of how they were generated, and require companies to reset the effective yield using the payment terms of the debt security if the call option is not exercised on the earliest call date. The ASU does not require an accounting change for securities held at a discount. The discount continues to be amortized to maturity and does not apply when the investor has already incorporated prepayments into the calculation of its effective yield under other GAAP. The amendments in the ASU are effective for public business entities for fiscal years beginning after December 15, 2018, including interim periods within those years. Early adoption is permitted, including adoption in an interim period. If an entity early adopts the amendments in an interim period, any adjustments should be reflected as of the beginning of the fiscal year that includes that interim period. The Company’s adoption of the ASU did not have a significant impact on the Company’s consolidated financial statements. In August 2017, FASB issued ASU 2017‑12 Derivatives and Hedging (Topic 815). The objective of the ASU is to improve the financial reporting of hedging relationships to better portray the economic results of an entity’s risk management activities in its financial statements and to make improvements to simplify the application of hedge accounting guidance in current GAAP. The amendments in the ASU will, among other things, 1) permit hedge accounting for risk components in hedging relationships involving nonfinancial risk and interest rate risks; 2) change the guidance for designating fair value hedges of interest rate risk and for measuring the change in fair value of the hedged item in fair value hedges of interest rate risk; 3) modify disclosures to include a tabular disclosure related to the effect on the income statement of fair value and cash flow hedges; and 4) eliminate the requirement to disclose the ineffective portion of the change in fair value of hedging instruments. These changes will more closely align the results of cash flow and fair value hedge accounting with risk management activities and the presentation of hedge results in the financial statements. ASU 2017‑12 will be effective for public business entities for fiscal years beginning after December 15, 2018, including interim periods within those fiscal years. For all other entities, the ASU will be effective for fiscal years beginning after December 15, 2019 and interim periods within fiscal years beginning after December 15, 2020. Early application is permitted in any interim period after issuance of the update with all transition requirements and elections being applied to hedging relationships existing on the date of adoption. The Company’s adoption of the ASU did not have a significant impact on the Company’s consolidated financial statements. In August 2018, FASB issued ASU 2018‑13, Fair Value Measurement (Topic 820): Disclosure Framework - Changes to the Disclosure Requirements for Fair Value Measurement. The updates in this ASU are part of the disclosure framework project and modify the disclosure requirements on fair value measurements in Topic 820, Fair Value Measurement. The modifications include removal, modification, and removal of disclosure requirements. The ASU removed the following disclosure requirements: a) The amount of and reasons for transfers between Level 1 and Level 2 of the fair value hierarchy, b) The policy for timing of transfers between levels, c) The valuation process for Level 3 fair value measurements, c) For nonpublic entities, the changes in unrealized gains and losses for the period included in earnings for recurring Level 3 fair value measurements held at the end of the reporting period. The ASU added the following disclosure requirements: a) the changes in unrealized gains and losses for the period included in other comprehensive income for recurring Level 3 fair value measurements held at the end of the reporting period; b) the range and weighted average of significant unobservable inputs used to develop Level 3 fair value measurements. For certain unobservable inputs, an entity may disclose other quantitative information (such as the median or arithmetic average) in lieu of the weighted average if the entity determines that other quantitative information would be a more reasonable and rational method to reflect the distribution of unobservable inputs used to develop Level 3 fair value measurements. The ASU also modified the following disclosure requirements: a) In lieu of a rollforward for Level 3 fair value measurements, a nonpublic entity is required to disclose transfers into and out of Level 3 of the fair value hierarchy and purchases and issues of Level 3 assets and liabilities; b) For investments in certain entities that calculate net asset value, an entity is required to disclose the timing of liquidation of an investee’s assets and the date when restrictions from redemption might lapse only if the investee has communicated the timing to the entity or announced the timing publicly; c) Clarifies that the measurement uncertainty disclosure is to communicate information about the uncertainty in measurement as of the reporting date. ASU 2018‑13 will be effective for public business entities for fiscal years and interim periods within those years beginning after December 15, 2019. The Company is currently evaluating the impact of the pending adoption on its consolidated financial statements. In August 2018, FASB issued ASU 2018‑14, Compensation-Retirement Benefits-Defined Benefit Plans - General (Topic 715‑20): Disclosure Framework - Changes to the Disclosure Requirements for Defined Benefit Plans which modifies the disclosure requirements for employers that sponsor defined benefit pension or other postretirement plans. The updates in this ASU are part of the disclosure framework project ASU 2018‑14 and modify the disclosure requirements under ASC 715‑201 for employers that sponsor defined benefit pension or other postretirement plans. Those modifications include the removal, addition, and of disclosure requirements as well as clarifying specific disclosure requirements. The ASU removed the following disclosures: a) the amounts in accumulated other comprehensive income expected to be recognized as components of net periodic benefit cost over the next fiscal year; b) the amount and timing of plan assets expected to be returned to the employer; c) the disclosures related to the June 2001 amendments to the Japanese Welfare Pension Insurance Law; d) related party disclosures about the amount of future annual benefits covered by insurance and annuity contracts and significant transactions between the employer or related parties and the plan; and e) for nonpublic entities, the reconciliation of the opening balances to the closing balances of plan assets measured on a recurring basis in Level 3 of the fair value hierarchy. However, nonpublic entities will be required to disclose separately the amounts of transfers into and out of Level 3 of the fair value hierarchy and purchases of Level 3 plan assets. f) For public entities, the effects of a one-percentage-point change in assumed health care cost trend rates on the (a) aggregate of the service and interest cost components of net periodic benefit costs and (b) benefit obligation for postretirement health care benefits. The ASU added the following disclosures: a) The weighted-average interest crediting rates for cash balance plans and other plans with promised interest crediting rates. b) An explanation of the reasons for significant gains and losses related to changes in the benefit obligation for the period. The ASU then clarified the following disclosures: a) the projected benefit obligation (PBO) and fair value of plan assets for plans with PBOs more than plan assets; and b) the accumulated benefit obligation (ABO) and fair value of plan assets for plans with ABOs more than plan assets. ASU 2018‑14 will be effective for public business entities for fiscal years ending after December 15, 2020. The Company is currently evaluating the impact of the pending adoption on its consolidated financial statements. In October 2018, the FASB issued ASU 2018‑16: “Derivatives and Hedging (Topic 815)-Inclusion of the Secured Overnight Financing Rate (SOFR) Overnight Index Swap (OIS) Rate as a Benchmark Interest Rate for Hedge Accounting Purposes”. The amendment permits the use of the Overnight Index Swap (OIS) Rate based on the Secured Overnight Financing Rate (SOFR) as a U.S. benchmark interest rate for hedge accounting purposes. ASU 2018‑16 is effective for fiscal years beginning after December 15, 2018, with early adoption permitted. Early adoption is permitted in any interim period upon issuance of this ASU if an entity already has adopted ASU 2017‑12. The amendments in this update should be applied prospectively for qualifying new or redesignated hedging relationships entered into on or after the date of adoption. The Company’s adoption of the ASU did not have a significant impact on the Company’s consolidated financial statements.

SUMMARY OF SIGNIFICANT ACCOUN_3

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)	12 Months Ended
	Dec. 31, 2019
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
Premises And Equipment Useful Life	Years Buildings and building improvements 20 – 40 Leasehold improvements 5 – 10 Furniture, fixtures and equipment 5 – 10 Computer equipment and software 3 – 5

ACQUISITIONS (Tables)

ACQUISITIONS (Tables)	12 Months Ended
	Dec. 31, 2019
ACQUISITIONS
Summary of Estimated Fair Value of Acquired Assets and Liabilities Assumed	(Dollars in thousands) January 4, 2018 Cash and cash equivalents $ 6,693 Interest bearing time deposits with other banks 100 Securities available for sale 75,909 Other bank stock 1,155 Loans 236,010 Foreclosed real estate 1,312 Premises and equipment, net 10,612 Accrued interest receivable 824 Goodwill (banking segment) 22,298 Intangibles assets 1,331 Bank-owned life insurance 7,963 Other assets 1,677 Total Assets $ 365,884 Deposits $ (301,157) Borrowings (12,000) Other liabilities (844) Total Liabilities $ (314,001) Net consideration paid - common shares issued $ 51,883 (Dollars in thousands) December 21, 2018 Cash and cash equivalents, net of stock options paid in cash $ 9,153 Securities available for sale 2,193 Other bank stock 2,380 Loans 257,170 Foreclosed real estate 1,250 Premises and equipment, net 422 Accrued interest receivable 880 Goodwill (banking segment) 2,204 Intangibles assets 1,039 Other assets 3,064 Total Assets $ 279,755 Deposits $ (197,321) Borrowings (47,106) Other liabilities (2,882) Total Liabilities $ (247,309) Net consideration paid - common shares issued $ 32,446
Summary of Fair Value Adjustments to Amortized Cost Basis of Loans Acquired	(Dollars in thousands) Gross amortized cost basis at January 4, 2018 $ 242,471 Fair value adjustment on general pooled loans (3,737) Credit fair value adjustment on purchased credit impaired loans (2,724) Fair value of acquired loans at January 4, 2018 $ 236,010 (Dollars in thousands) Gross amortized cost basis at December 21, 2018 $ 262,126 Fair value adjustment on general pooled loans (4,956) Fair value of acquired loans at December 21, 2018 $ 257,170
Pro Forma Business Acquisition Information	Acquired Credit (Dollars in thousands) Impaired Loans Contractually required principal and interest at acquisition $ 6,289 Contractual cash flows not expected to be collected (non-accretable difference) 1,819 Expected cash flows at acquisition 4,470 Interest component of expected cash flows (accretable difference) 846 Fair value of acquired loans $ 3,624 Year Ended Year Ended (Dollars in thousands) December 31, 2018 December 31, 2017 Total revenues (net interest income plus non-interest income) $ 54,941 $ 47,280 Net Income 9,935 6,257 Basic and diluted earnings per share applicable to common stockholders $ 1.25 $ 0.79 Year Ended Year Ended (Dollars in thousands) December 31, 2018 December 31, 2017 Total revenues (net interest income plus non-interest income) $ 64,827 $ 46,175 Net Income 12,496 7,283 Basic and diluted earnings per share applicable to common stockholders $ 1.80 $ 0.84

SEGMENT REPORTING (Tables)

SEGMENT REPORTING (Tables)	12 Months Ended
	Dec. 31, 2019
SEGMENT REPORTING
Schedule of Segment Reporting Information	Year Ended December 31, 2019 Banking and Insurance (Dollars in thousands) Financial Services Services Total Year Ended December 31, 2019: Net interest income from external sources $ 59,060 $ — $ 59,060 Other income from external sources 6,129 8,216 14,345 Depreciation and amortization 2,003 46 2,049 Income before income taxes 27,358 2,281 29,639 Income tax expense (1) 6,184 912 7,096 Total assets 1,995,973 5,684 2,001,657 December 31, 2018 Banking and Insurance (Dollars in thousands) Financial Services Services Total Year Ended December 31, 2018: Net interest income from external sources $ 44,080 $ — $ 44,080 Other income from external sources 3,975 6,774 10,749 Depreciation and amortization 1,809 27 1,836 Income before income taxes 10,987 1,995 12,982 Income tax expense (1) 2,261 798 3,059 Total assets 1,790,851 4,852 1,795,703 (1) Insurance Services calculated at statutory tax rate of 28.1%

FAIR VALUE OF ASSETS AND LIAB_2

FAIR VALUE OF ASSETS AND LIABILITIES (Tables)	12 Months Ended
	Dec. 31, 2019
FAIR VALUE OF ASSETS AND LIABILITIES
Summary of Financial Assets Measured on a Recurring Basis	Quoted Prices in Active Significant Markets Other Significant Fair for Identical Observable Unobservable Value Assets Inputs Inputs (Dollars in thousands) Measurements (Level I) (Level II) (Level III) December 31, 2019 U.S. government agencies $ 8,679 $ — $ 8,679 $ — U.S. government-sponsored enterprises 53,249 — 53,249 — State and political subdivisions 32,214 — 32,214 — Mortgage-backed securities - U.S. government-sponsored enterprises 82,469 — 82,469 — Private mortgage-backed securities 22,445 — 19,873 2,572 Corporate debt 13,125 — 12,096 1,029 Derivative instruments Interest rate swaps Assets 688 — 688 — Liabilities 3,890 — 3,890 — December 31, 2018 U.S. government agencies $ 24,794 $ — $ 24,794 $ — U.S. government-sponsored enterprises 20,362 — 20,362 — State and political subdivisions 60,362 — 60,362 — Mortgage-backed securities - U.S. government-sponsored enterprises 73,613 — 73,613 — Corporate debt 3,008 — 3,008 — Derivative instruments Interest rate swaps Assets 2,114 — 2,114 — Liabilities 779 — 779 —
Summary of Financial Assets Measured on a Nonrecurring Basis	Quoted Prices in Active Significant Markets Other Significant Fair for Identical Observable Unobservable Value Assets Inputs Inputs (Dollars in thousands) Measurements (Level I) (Level II) (Level III) December 31, 2019 Impaired loans $ 1,630 $ — $ — $ 1,630 Foreclosed real estate 2,183 — — 2,183 December 31, 2018 Impaired loans $ 1,785 $ — $ — $ 1,785 Foreclosed real estate 730 — — 730
Qualitative Information About Level 3 Fair Value Measurements	Qualitative Information about Level III Fair Value Measurements Fair Range Value Valuation Unobservable (Weighted (Dollars in thousands) Estimate Techniques Input Average) December 31, 2019 Impaired loans $ 1,630 Appraisal of Appraisal 0% to -72.0% collateral adjustments (1) (-3.6%) Foreclosed real estate 2,183 Appraisal of collateral Selling expenses (1) -7.0% (-7.0%) December 31, 2018 Impaired loans $ 1,785 Appraisal of Appraisal 0% to 100.0% collateral adjustments (1) (-7.8%) Foreclosed real estate 730 Appraisal of collateral Selling expenses (1) -7.0% (-7.0% ) Appraisals may be adjusted by management for qualitative factors such as economic conditions and estimated selling expenses. The range and weighted average of selling expenses and other appraisal adjustments are presented as a percentage of the appraisal.
Estimated Fair Values of Financial Instruments	Quoted Prices in Active Significant Markets Other Significant December 31, 2019 for Identical Observable Unobservable Carrying Fair Assets Inputs Inputs (Dollars in thousands) Amount Value (Level I) (Level II) (Level III) Financial assets: Cash and cash equivalents $ 43,686 $ 43,686 $ 43,686 $ — $ — Time deposits with other banks 200 200 — 200 — Securities available for sale 212,181 212,181 — 208,580 3,601 Securities held to maturity 4,012 4,083 — 2,593 1,490 Other bank stock 12,498 12,498 — 12,498 — Loans receivable, net of allowance 1,618,579 1,605,295 — — 1,605,295 Accrued interest receivable 6,175 6,175 — 6,175 — Interest rate swaps 688 688 — 688 — Financial liabilities: Non-maturity deposits 971,653 971,653 — 971,653 — Time deposits 553,388 551,886 — 551,886 — Short-term borrowings 193,000 193,081 193,081 — — Long-term borrowings 40,114 40,228 — 40,228 — Subordinated debentures 27,869 26,930 — 26,930 — Accrued interest payable 1,466 1,466 — 1,466 — Interest rate swaps 3,890 3,890 — 3,890 — Quoted Prices in Active Significant Markets Other Significant December 31, 2018 for Identical Observable Unobservable Carrying Fair Assets Inputs Inputs (Dollars in thousands) Amount Value (Level I) (Level II) (Level III) Financial assets: Cash and cash equivalents $ 26,678 $ 26,678 $ 26,678 $ — $ — Time deposits with other banks 200 200 — 200 — Securities available for sale 182,139 182,139 — 182,139 — Securities held to maturity 4,078 4,152 — 4,152 — Other bank stock 11,764 11,764 — 11,764 — Loans receivable, net of allowance 1,466,000 1,428,094 — — 1,428,094 Accrued interest receivable 6,546 6,546 — 6,546 — Interest rate swaps 2,114 2,114 — 2,114 — Financial liabilities: Non-maturity deposits 965,065 965,065 — 965,065 — Time deposits 388,874 383,264 — 383,264 — Short-term borrowings 175,295 175,366 175,366 — — Long-term borrowings 44,611 44,365 — 44,365 — Subordinated debentures 27,859 26,840 — 26,840 — Accrued interest payable 1,480 1,480 — 1,480 — Interest rate swaps 779 779 — 779 —

SECURITIES (Tables)

SECURITIES (Tables)	12 Months Ended
	Dec. 31, 2019
SECURITIES
Amortized Cost and Approximate Fair Value of Securities Available For Sale	Gross Gross Amortized Unrealized Unrealized Fair (Dollars in thousands) Cost Gains Losses Value December 31, 2019 U.S. government agencies $ 8,758 $ 5 $ (84) $ 8,679 U.S. government-sponsored enterprises 54,338 — (1,089) 53,249 State and political subdivisions 31,501 938 (225) 32,214 Mortgage-backed securities - U.S. government-sponsored enterprises 81,449 1,198 (178) 82,469 Private mortgage-backed securities 22,110 368 (33) 22,445 Corporate Debt 13,019 113 (7) 13,125 $ 211,175 $ 2,622 $ (1,616) $ 212,181 December 31, 2018 U.S. government agencies $ 25,161 $ 4 $ (371) $ 24,794 U.S. government-sponsored enterprises 20,404 38 (80) 20,362 State and political subdivisions 60,457 445 (540) 60,362 Mortgage-backed securities - U.S. government-sponsored enterprises 74,670 100 (1,157) 73,613 Corporate Debt 3,000 8 — 3,008 $ 183,692 $ 595 $ (2,148) $ 182,139
Amortized Cost and Fair Value of Securities By Contractual Maturity of Available-For-Sale Securities	Amortized Fair (Dollars in thousands) Cost Value Due in one year or less $ — $ — Due after one year through five years — — Due after five years through ten years 12,932 13,167 Due after ten years 31,588 32,172 Total bonds and obligations 44,520 45,339 U.S. government agencies 8,758 8,679 U.S. government-sponsored enterprises 54,338 53,249 Mortgage-backed securities: U.S. government-sponsored enterprises 81,449 82,469 Private mortgage-backed securities (1) 22,110 22,445 Total available for sale securities $ 211,175 $ 212,181 Amortized Fair (Dollars in thousands) Cost Value Due in one year or less $ 1,490 $ 1,490 Due after one year through five years 1,505 1,537 Due after five years through ten years 1,017 1,056 Due after ten years — — Total held to maturity securities $ 4,012 $ 4,083
T​emporarily Impaired Gross Unrealized Losses And Fair Value of Available-For-Sale Securities	Less Than 12 Months 12 Months or More Total Gross Gross Gross Fair Unrealized Fair Unrealized Fair Unrealized (Dollars in thousands) Value Losses Value Losses Value Losses December 31, 2019 U.S. government agencies $ — $ — $ 5,966 $ (84) $ 5,966 $ (84) U.S. government-sponsored enterprises 44,110 (770) 9,139 (319) 53,249 (1,089) State and political subdivisions 17,421 (225) — — 17,421 (225) Mortgage-backed securities - U.S. government-sponsored enterprises 17,205 (113) 4,973 (65) 22,178 (178) Private mortgage-backed securities 6,973 (33) — — 6,973 (33) Corporate Debt 2,142 (7) — — 2,142 (7) Total temporarily impaired securities $ 87,851 $ (1,148) $ 20,078 $ (468) $ 107,929 $ (1,616) December 31, 2018 U.S. government agencies $ 18,998 $ (316) $ 2,593 $ (55) $ 21,591 $ (371) U.S. government-sponsored enterprises 10,348 (80) — — 10,348 (80) State and political subdivisions 17,164 (204) 18,785 (336) 35,949 (540) Mortgage-backed securities - U.S. government-sponsored enterprises 30,547 (271) 28,773 (886) 59,320 (1,157) Total temporarily impaired securities $ 77,057 $ (871) $ 50,151 $ (1,277) $ 127,208 $ (2,148)
Amortized Cost and Approximate Fair Value of Securities Held-To-Maturity	Gross Gross Amortized Unrealized Unrealized Fair (Dollars in thousands) Cost Gains Losses Value December 31, 2019 State and political subdivisions $ 4,012 $ 71 $ — $ 4,083 December 31, 2018 State and political subdivisions $ 4,078 $ 74 $ — $ 4,152

LOANS (Tables)

LOANS (Tables)	12 Months Ended
	Dec. 31, 2019
LOANS
Composition of Net Loans Receivable	(Dollars in thousands) December 31, 2019 December 31, 2018 Commercial and industrial $ 124,937 $ 81,709 Construction 125,291 142,321 Commercial real estate 995,220 878,449 Residential real estate 382,567 370,955 Consumer and other 2,097 2,393 Total loans receivable 1,630,112 1,475,827 Unearned net loan origination fees (1,266) (1,052) Allowance for loan losses (10,267) (8,775) Net loans receivable $ 1,618,579 $ 1,466,000
Schedule of Changes in Accretable Yield	Year ended Year ended (Dollars in thousands) December 31, 2019 December 31, 2018 Accretable yield, beginning balance $ 539 $ — Acquisition of impaired loans — 846 Accretable yield amortized to interest income (314) (307) Reclassification from non-accretable difference — — Accretable yield, ending balance $ 225 $ 539

ALLOWANCE FOR LOAN LOSSES AND_2

ALLOWANCE FOR LOAN LOSSES AND CREDIT QUALITY OF FINANCING RECEIVABLES (Tables)	12 Months Ended
	Dec. 31, 2019
ALLOWANCE FOR LOAN LOSSES AND CREDIT QUALITY OF FINANCING RECEIVABLES
Changes in the Allowance for Loan Losses	Commercial Commercial Residential Consumer and Real Real and (Dollars in thousands) Industrial Construction Estate Estate Other Unallocated Total Year Ended : December 31, 2019 Beginning balance $ 603 $ 663 $ 5,575 $ 1,371 $ 23 $ 540 $ 8,775 Charge-offs (198) — (473) (499) (76) — (1,246) Recoveries 3 — 124 71 9 — 207 Provision 767 (126) 1,491 395 53 (49) 2,531 Ending balance $ 1,175 $ 537 $ 6,717 $ 1,338 $ 9 $ 491 $ 10,267 December 31, 2018 Beginning balance $ 208 $ 336 $ 5,185 $ 1,032 $ 26 $ 548 $ 7,335 Charge-offs (11) — (26) (22) (69) — (128) Recoveries 3 — 17 91 20 — 131 Provision 403 327 399 270 46 (8) 1,437 Ending balance $ 603 $ 663 $ 5,575 $ 1,371 $ 23 $ 540 $ 8,775
Allowances of Loan Losses and Loans Receivable by Class Disaggregated	Allowance for Loan Losses Loans Receivable Balance Balance Related to Loans Loans Individually Collectively Individually Collectively Evaluated for Evaluated for Evaluated for Evaluated for (Dollars in thousand s) Balance Impairment Impairment Balance Impairment (a) Impairment December 31, 2019 Commercial and industrial $ 1,175 $ 353 $ 822 $ 124,937 $ 835 $ 124,102 Construction 537 — 537 125,291 250 125,041 Commercial real estate 6,717 296 6,421 995,220 7,176 988,044 Residential real estate 1,338 67 1,271 382,567 6,002 376,565 Consumer and other loans 9 — 9 2,097 — 2,097 Unallocated 491 — — — — — Total $ 10,267 $ 716 $ 9,060 $ 1,630,112 $ 14,263 $ 1,615,849 December 31, 2018 Commercial and industrial $ 603 $ 152 $ 451 $ 81,709 $ 372 $ 81,337 Construction 663 — 663 142,321 — 142,321 Commercial real estate 5,575 274 5,301 878,449 15,760 862,689 Residential real estate 1,371 89 1,282 370,955 4,572 366,383 Consumer and other loans 23 — 23 2,393 — 2,393 Unallocated 540 — — — — — Total $ 8,775 $ 515 $ 7,720 $ 1,475,827 $ 20,704 $ 1,455,123
An Age Analysis of Loans Receivable	Recorded Investment Greater Total > 90 Days 30-59 Days 60-89 days Than Total Past Financing and (Dollars in thousands) Past Due Past Due 90 Days (a) Due Current Receivables Accruing December 31, 2019 Commercial and industrial $ 300 $ 5 $ 701 $ 1,006 $ 123,931 $ 124,937 $ — Construction — — — — 125,291 125,291 — Commercial real estate 6,326 68 5,643 12,037 983,183 995,220 — Residential real estate 563 520 5,070 6,153 376,414 382,567 — Consumer and other 14 1 1 16 2,081 2,097 — Total $ 7,203 $ 594 $ 11,415 $ 19,212 $ 1,610,900 $ 1,630,112 $ — December 31, 2018 Commercial and industrial $ 491 $ — $ 372 $ 863 $ 80,846 $ 81,709 $ — Construction — 582 — 582 141,739 142,321 — Commercial real estate 2,282 — 15,760 18,042 860,407 878,449 — Residential real estate 393 35 4,572 5,000 365,955 370,955 — Consumer and other 4 1 — 5 2,388 2,393 — Total $ 3,170 $ 618 $ 20,704 $ 24,492 $ 1,451,335 $ 1,475,827 $ — (a) includes loans greater than 90 days past due and still accruing and non-accrual loans. At both December 31, 2019 and 2018, there were no loans 90 days past due and still accruing.
Loans Which the Accrual of Interest has been Discontinued	( Dollars in thousands) December 31, 2019 December 31, 2018 Commercial and industrial $ 701 $ 372 Construction — — Commercial real estate 5,643 15,760 Residential real estate 5,070 4,572 Consumer and other 1 — Total $ 11,415 $ 20,704
Credit Risk Profile by Creditworthiness	Special (Dollars in thousands) Pass Mention Substandard Doubtful Total December 31, 2019 Commercial and industrial $ 124,102 $ — $ 835 $ — $ 124,937 Construction 122,689 2,352 250 — 125,291 Commercial real estate 982,480 5,520 7,220 — 995,220 $ 1,229,271 $ 7,872 $ 8,305 $ — $ 1,245,448 December 31, 2018 Commercial and industrial $ 80,977 $ 32 $ 700 $ — $ 81,709 Construction 141,871 — 450 — 142,321 Commercial real estate 855,180 3,908 19,361 — 878,449 $ 1,078,028 $ 3,940 $ 20,511 $ — $ 1,102,479 Residential Real Consumer (Dollars in thousands) Estate and other December 31, 2019 Performing $ 377,497 $ 2,096 Non-Performing 5,070 1 Total $ 382,567 $ 2,097 December 31, 2018 Performing $ 366,408 $ 2,393 Non-Performing 4,547 — Total $ 370,955 $ 2,393
Impaired Loans	Unpaid Average Interest Recorded Principal Related Recorded Income (Dollars in thousands) Investment Balance Allowance Investment Recognized December 31, 2019 With no related allowance recorded: Commercial and industrial $ 345 $ 495 $ — $ 184 $ 8 Construction 250 250 — 250 — Commercial real estate 6,632 5,790 — 10,474 170 Residential real estate 5,450 5,775 — 4,831 100 With an allowance recorded: Commercial and industrial 490 491 353 406 7 Commercial real estate 544 498 296 947 10 Residential real estate 552 548 67 505 3 Consumer and other — — — — — Total: Commercial and industrial 835 986 353 590 15 Construction 250 250 — 250 — Commercial real estate 7,176 6,288 296 11,421 180 Residential real estate 6,002 6,323 67 5,336 103 Consumer and other — — — — — $ 14,263 $ 13,847 $ 716 $ 17,597 $ 298 Unpaid Average Interest Recorded Principal Related Recorded Income (Dollars in thousands) Investment Balance Allowance Investment Recognized December 31, 2018 With no related allowance recorded: Commercial and industrial $ — $ 10 $ — $ 4 $ — Construction — — — 21 — Commercial real estate 13,745 13,745 — 9,774 102 Residential real estate 2,790 2,790 — 3,082 48 With an allowance recorded: Commercial and industrial 372 572 152 195 — Commercial real estate 2,015 2,437 274 1,291 4 Residential real estate 1,782 2,329 89 714 — Consumer and other — — — — — Total: Commercial and industrial 372 582 152 199 — Construction — — — 21 — Commercial real estate 15,760 16,182 274 11,065 106 Residential real estate 4,572 5,119 89 3,796 48 Consumer and other — — — — — $ 20,704 $ 21,883 $ 515 $ 15,081 $ 154
Troubled Debt Restructured on Recorded Investment	Commercial Commercial & Residential (Dollars in thousands) Real Estate Industrial Real Estate Total December 31, 2019 Performing $ 416 $ 131 $ 909 $ 1,456 Non-performing 395 35 638 1,068 Total $ 811 $ 166 $ 1,547 $ 2,524 December 31, 2018 Performing $ 431 $ — $ 475 $ 906 Non-performing 1,531 — 517 2,048 Total $ 1,962 $ — $ 992 $ 2,954
Troubled Debt Restructurings in Current Year	Post-Modification Pre-Modification Outstanding Outstanding Recorded Recorded (Dollars in thousands) Number of Loans Investment Investment December 31, 2019 Commercial & industrial 1 $ 135 $ 133 Residential real estate 3 636 635 Post-Modification Pre-Modification Outstanding Outstanding Recorded Recorded (Dollars in thousands) Number of Loans Investment Investment December 31, 2018 Residential real estate 1 $ 514 $ 306

PREMISES AND EQUIPMENT (Tables)

PREMISES AND EQUIPMENT (Tables)	12 Months Ended
	Dec. 31, 2019
PREMISES AND EQUIPMENT
Components of Premises and Equipment	(Dollars in thousands) 2019 2018 Land and land improvements $ 3,184 $ 3,378 Building and building improvements 15,775 15,194 Leasehold improvements 2,925 3,351 Furniture, fixtures and equipment 9,575 8,382 Assets in progress 582 879 32,041 31,184 Accumulated depreciation (12,961) (11,969) Premises and equipment, net $ 19,080 $ 19,215

GOODWILL AND OTHER INTANGIBLES

GOODWILL AND OTHER INTANGIBLES (Tables)	12 Months Ended
	Dec. 31, 2019
GOODWILL AND OTHER INTANGIBLES
Schedule of Estimated Future Amortization Expense	For the year ended December 31, 2018, the Company amortized $247 thousand in core deposit intangible. The estimated future amortization expense for each of the succeeding five years ended December 31 is as follows (dollars in thousands): For the Year Ended Amortization Expense 2020 $ 364 2021 320 2022 277 2023 234 2024 191

DEPOSITS (Tables)

DEPOSITS (Tables)	12 Months Ended
	Dec. 31, 2019
DEPOSITS.
Components of Deposits	(Dollars in thousands) 2019 2018 Demand, non-interest bearing $ 258,311 $ 259,807 Savings, money market and interest-bearing demand 713,342 705,258 Time deposits less than $100 thousand 315,702 205,372 Time deposits $100 thousand and over 237,686 183,502 Total deposits $ 1,525,041 $ 1,353,939
Scheduled Maturities of Time Deposits	(Dollars in thousands) Within one year $ 434,056 One to two years 81,534 Two to three years 28,984 Three to four years 5,493 After four years 3,321 $ 553,388

BORROWINGS (Tables)

BORROWINGS (Tables)	12 Months Ended
	Dec. 31, 2019
BORROWINGS
Schedule of Long-Term Borrowings	(Dollars in thousands) Borrowing Interest Balance at December 31, Maturity Date Institution Rate 2019 2018 January 8, 2019 FHLBNY 1.68 % $ — $ 1,000 February 4, 2019 FHLBNY 1.53 % — 5,000 February 8, 2019 FHLBNY 1.70 % — 1,000 March 18, 2019 FHLBNY 1.45 % — 949 April 8, 2019 FHLBNY 1.73 % — 1,170 May 30, 2019 FHLBNY 1.91 % — 1,005 May 7, 2019 FHLBNY 2.39 % — 1,250 June 12, 2019 FHLBNY 1.52 % — 1,000 July 30, 2019 FHLBNY 2.19 % — 1,000 August 2, 2019 FHLBNY 1.05 % — 2,500 September 30, 2019 FHLBNY 2.21 % — 1,000 October 30, 2019 FHLBNY 2.22 % — 746 November 8, 2019 FHLBNY 2.38 % — 1,000 December 9, 2019 FHLBNY 2.39 % — 1,000 January 15, 2020 FHLBNY 1.66 % 5,000 5,000 March 9, 2020 FHLBNY 2.43 % 1,000 1,000 May 7, 2020 FHLBNY 2.68 % 1,045 1,045 May 7, 2020 FHLBNY 2.68 % 308 308 June 12, 2020 FHLBNY 1.69 % 741 741 June 15, 2020 FHLBNY 2.69 % 1,000 1,000 July 14, 2020 FHLBNY 2.70 % 789 789 July 14, 2020 FHLBNY 2.70 % 520 520 September 8, 2020 FHLBNY 2.51 % 680 680 October 5, 2020 FHLBNY 1.78 % 5,000 5,000 December 23, 2020 FHLBNY 2.79 % 852 852 January 20, 2021 FHLBNY 2.07 % 5,000 5,000 March 23, 2021 FHLBNY 2.83 % 1,200 1,200 June 23, 2021 FHLBNY 3.07 % 2,000 2,000 July 19, 2022 FHLBNY 2.10 % 5,000 — July 19, 2023 FHLBNY 2.13 % 5,000 — August 7, 2024 FHLBNY 1.81 % 5,000 — Fair value adjustment on acquired borrowings (21) (144) $ 40,114 $ 44,611
Schedule of Maturities of Debt	(Dollars in thousands) Within one year $ 16,914 One to two years 8,200 Two to three years 5,000 Three to four years 5,000 Four to five years 5,000 After five years — $ 40,114

DERIVATIVES (Tables)

DERIVATIVES (Tables)	12 Months Ended
	Dec. 31, 2019
DERIVATIVES
Schedule of Fair Value of Derivatives	December 31, 2019 Counterparty Notional/ Balance Counterparty Maximum Length Contract Fair Sheet Weighted Average Derivative Contract (Dollars in thousands) Amount Value Location Remaining Years (years) Derivatives designated as hedging instruments Counterparty PNC $ 12,500 $ 62 Other Assets PNC 66,000 (1,440) Other Liabilities 7 US Bank 80,000 627 Other Assets US Bank 170,000 (2,450) Other Liabilities 4.75 Total $ 328,500 $ (3,202) 3.3 December 31, 2018 Counterparty Notional/ Balance Counterparty Maximum Length Contract Fair Sheet Weighted Average Derivative Contract (Dollars in thousands) Amount Value Location Remaining Years (years) Derivatives designated as hedging instruments Counterparty PNC $ 38,500 $ 2,114 Other Assets PNC 40,000 (442) Other Liabilities 8 US Bank — — Other Assets US Bank 35,000 (337) Other Liabilities 2.75 Total 113,500 1,335 4.6
Schedule of Derivative Financial Instruments Designated as Cash Flow Hedges	Year Ended December 31, 2019 Amount of Gain Recognized in OCI Location of Gain on (Loss) Recognized in Amount of Gain (Loss) Derivatives, net of Income of Recognized in Income of Tax Derivatives Derivatives (Dollars in thousands) (Effective Portion) (Ineffective Portion) (Ineffective Portion) Derivatives in cash flow hedges Interest rate swaps by effective date: PNC $ (2,133) Not applicable $ — US Bank (1,039) Not applicable — Total $ (3,172) $ — Year Ended December 31, 2018 Amount of Gain Recognized in OCI Location of Gain on (Loss) Recognized in Amount of Gain(Loss) Derivatives, net of Income of Recognized in Income of Tax Derivatives Derivatives (Dollars in thousands) (Effective Portion) (Ineffective Portion) (Ineffective Portion) Derivatives in cash flow hedges Interest rate swaps by effective date: PNC $ 159 Not applicable $ — US Bank (241) Not applicable — Total $ (82) $ —
Offsetting Derivatives Liabilities	Gross Amounts Not Offset Net Cash Derivatives in Derivatives in Amounts Financial Collateral Net (Dollars in thousands) Asset Position Liability Position Presented Instruments Pledged Amount December 31, 2019 Interest Rate Swaps (PNC) $ 61 (1,440) $ (1,380) — $ (1,550) $ 170 Interest Rate Swaps (US Bank) 627 (2,450) (1,823) — (2,050) 227 Total $ 688 (3,890) $ (3,203) — $ (3,600) $ 397 December 31, 2018 Interest Rate Swaps (PNC) $ 2,114 (442) $ 1,672 — $ 2,200 $ (528) Interest Rate Swaps (US Bank) — (337) (337) — 260 (597) Total $ 2,114 (779) $ 1,335 — $ 2,460 $ (1,125)
Offsetting Derivative Assets	Gross Amounts Not Offset Net Cash Derivatives in Derivatives in Amounts Financial Collateral Net (Dollars in thousands) Asset Position Liability Position Presented Instruments Pledged Amount December 31, 2019 Interest Rate Swaps (PNC) $ 61 (1,440) $ (1,380) — $ (1,550) $ 170 Interest Rate Swaps (US Bank) 627 (2,450) (1,823) — (2,050) 227 Total $ 688 (3,890) $ (3,203) — $ (3,600) $ 397 December 31, 2018 Interest Rate Swaps (PNC) $ 2,114 (442) $ 1,672 — $ 2,200 $ (528) Interest Rate Swaps (US Bank) — (337) (337) — 260 (597) Total $ 2,114 (779) $ 1,335 — $ 2,460 $ (1,125)

RIGHT OF USE ASSET AND LEASE _2

RIGHT OF USE ASSET AND LEASE LIABILITY (Tables)	12 Months Ended
	Dec. 31, 2019
RIGHT OF USE ASSET AND LEASE LIABILITY
Lease Cost	The following table presents the components of the Company’s lease costs for operating leases as the lessee, which is included in net occupancy expense on the consolidated statements of income (in thousands): Year Ended December 31, 2019 Operating lease expense $ 639 Short term lease expense 445 Total lease expense $ 1,084 Supplemental cash flow information related to operating leases was as follows (in thousands): Year Ended December 31, 2019 Cash paid for amounts included in the measurement of lease liabilities $ 626 ROU assets obtained in exchange for lease obligations $ 613
Supplemental Balance Sheet Information	Supplemental balance sheet information related to leases was as follows (in thousands, except for weighted-averages): Operating Leases Classification December 31, 2019 ROU assets Right of use asset, net $ 4,644 Lease liabilities Lease liability $ 4,727 Weighted-average remaining lease term 10.2 Weighted-average discount rate 3.09 %
Maturities of Lease Liabilities	Lease payment obligations for each of the next five years and thereafter with a reconciliation to the Corporation's lease liability were as follows (in thousands): Year Operating Leases 2020 $ 654 2021 548 2022 569 2023 571 2024 574 Thereafter 2,671 Total lease payments 5,587 Less imputed interest (860) Total $ 4,727

COMPREHENSIVE INCOME AND ACCU_2

COMPREHENSIVE INCOME AND ACCUMULATED OTHER COMPREHENSIVE INCOME (Tables)	12 Months Ended
	Dec. 31, 2019
COMPREHENSIVE INCOME AND ACCUMULATED OTHER COMPREHENSIVE INCOME
Components of Other Comprehensive Income and Related Tax Effects	Year Ended December 31, 2019 Year Ended December 31, 2018 (Dollars in thousands) Unrealized gains (losses) on available for sale securities Unrealized gains (losses) on derivatives Retirement benefit plan Total Unrealized gains (losses) on available for sale securities Unrealized gains (losses) on derivatives Retirement benefit plan Total Beginning balance, net of tax $ (1,150) $ 975 $ 8 $ (167) $ 329 $ 1,058 $ — $ 1,387 Other comprehensive (loss) income before reclassification, net of tax 3,267 (3,216) — 51 (1,454) (97) 8 (1,543) Amounts reclassified from accumulated other comprehensive income (loss), net of tax (1,437) 43 — (1,394) (25) 14 — (11) Net current period other comprehensive income, net of tax 1,830 (3,173) — (1,343) (1,479) (83) 8 (1,554) Ending balance, net of tax $ 680 $ (2,198) $ 8 $ (1,510) $ (1,150) $ 975 $ 8 $ (167)
Schedule Of Other Components Of Accumulated Other Comprehensive Income Included In Equity	(Dollars in thousands) 2019 2018 Unrealized gain (loss) on available for sale investments $ 665 $ (1,152) Unrealized (loss) gain on derivative instruments (2,182) 977 Unrealized gain on retirement benefits 7 8 Accumulated other comprehensive (loss) $ (1,510) $ (167)

EARNINGS PER SHARE (Tables)

EARNINGS PER SHARE (Tables)	12 Months Ended
	Dec. 31, 2019
EARNINGS PER SHARE
Calculation Methods of Earnings Per Share	Income Shares Per Share (Dollars in thousands, except share and per share data) (Numerator) (Denominator) Amount Year Ended December 31, 2019: Shares Outstanding (weighted average) 9,349,907 Shares held by Rabbi Trust 88,901 Shares liability under deferred compensation agreement (88,901) Basic earnings per share: Net earnings applicable to common stockholders $ 22,543 9,349,907 $ 2.41 Effect of dilutive securities: Unexercised stock awards - 31,670 Diluted earnings per share: Net income applicable to common stockholders and assumed conversions $ 22,543 9,381,577 $ 2.40 Year Ended December 31, 2018: Shares Outstanding (weighted average) 7,874,676 Shares held by Rabbi Trust 99,029 Share liability under deferred compensation agreement (99,029) Basic earnings per share: Net earnings applicable to common stockholders $ 9,923 7,874,676 $ 1.26 Effect of dilutive securities: Unexercised stock awards - 46,593 Diluted earnings per share: Net income applicable to common stockholders and assumed conversions $ 9,923 7,921,269 $ 1.25

STOCK INCENTIVE PLANS (Tables)

STOCK INCENTIVE PLANS (Tables)	12 Months Ended
	Dec. 31, 2019
STOCK INCENTIVE PLANS
Summary of Information Regarding Restricted Stock Activity	2019 2018 Weighted Weighted Average Average Number of Grant Date Number of Grant Date Shares Fair Value Shares Fair Value Unvested restricted stock, beginning of year 97,465 $ 24.45 85,761 $ 18.34 Granted (vesting period between 3-5 years) 74,670 21.96 50,045 28.85 Forfeited (18,412) 24.38 (4,148) 17.66 Vested (41,050) 22.26 (34,193) 16.39 Unvested restricted stock, end of period 112,673 $ 23.60 97,465 $ 24.45
Summary of Information Regarding Stock Option Plans	Weighted Average Weighted Exercise Average Aggregate Number of Price per Contractual Intrinsic Shares Share Term Value Outstanding, December 31, 2017 69,123 $ 11.10 Options granted — — Options expired — — Options exercised — — Outstanding, December 31, 2018 69,123 11.10 Options granted — — Options expired (5,077) 11.37 Options forfeited (14,304) $ 11.37 Outstanding, December 31, 2019 49,742 $ 11.17 $ 683,998 Exercisable, December 31, 2019 40,349 $ 10.87 $ 567,067
Summary Of Stock Options Outstanding By Exercise Price	Weighted Average Exercise Number Remaining Number Price Outstanding Life (Years) Exercisable 23,000 23,000 6,526 5,220 20,216 12,129 49,742 40,349

INCOME TAXES (Tables)

INCOME TAXES (Tables)	12 Months Ended
	Dec. 31, 2019
INCOME TAXES
Components Of Income Tax Expense	(Dollars in thousands) 2019 2018 Current: Federal $ 5,197 $ 2,112 State 2,461 1,393 7,658 3,505 Deferred: Federal 187 (51) State (749) (395) (562) (446) $ 7,096 $ 3,059
Schedule Of Effective Income Tax Rate Reconciliation	(Dollars in thousands) 2019 2018 Federal income tax at statutory rate $ 6,224 21 % $ 2,726 21 % Tax exempt interest (223) (1) (371) (3) State income tax, net of federal income tax effect 1,352 5 788 6 Bank owned life insurance (195) (1) (160) (1) M&A expenses — — 171 1 Other (62) — (95) — $ 7,096 24 % $ 3,059 24 %
Components Of Net Deferred Tax Asset	(Dollars in thousands) 2019 2018 Deferred tax assets: Allowance for loan losses $ 2,654 $ 2,069 Deferred compensation 500 462 Deferred fees — — Foreclosed real estate 38 99 Restricted stock 300 258 Depreciation 303 — Prepaid expenses 13 — Purchase accounting 772 — Unrealized loss on securities available for sale — 401 Unrealized loss on interest rate swaps 1,007 — Other 1,280 759 Total deferred tax assets 6,867 4,048 Deferred tax liabilities: Depreciation — (26) Prepaid expenses — (66) Purchase accounting — (51) Unrealized gain on retirement benefit plan (3) (3) Unrealized gain on securities, available for sale (328) — Unrealized gain on interest rate swaps — (358) Total deferred tax asset (liabilities) (331) (504) Net deferred tax asset, included in other assets $ 6,536 $ 3,544

TRANSACTIONS WITH EXECUTIVE O_2

TRANSACTIONS WITH EXECUTIVE OFFICERS, DIRECTORS AND PRINCIPAL STOCKHOLDERS (Tables)	12 Months Ended
	Dec. 31, 2019
TRANSACTIONS WITH EXECUTIVE OFFICERS, DIRECTORS AND PRINCIPAL STOCKHOLDERS
Schedule Of Related Party Loan Activity	The related party loan activity for the years ended December 31, 2019 and 2018 is summarized as follows: (Dollars in thousands) 2019 2018 Balance, beginning $ 28,923 $ 21,564 Disbursements 603 9,852 Repayments and other (10,861) (2,493) Balance, ending $ 18,665 $ 28,923

FINANCIAL INSTRUMENTS WITH OF_2

FINANCIAL INSTRUMENTS WITH OFF-BALANCE SHEET RISK (Tables)	12 Months Ended
	Dec. 31, 2019
FINANCIAL INSTRUMENTS WITH OFF-BALANCE SHEET RISK
Summary Of Financial Instrument Commitments	A summary of the Company’s financial instrument commitments at December 31, 2019 and 2018 is as follows: (Dollars in thousands) 2019 2018 Commitments to grant loans $ 134,140 $ 87,722 Unfunded commitments under lines of credit 199,872 184,523 Outstanding standby letters of credit 2,149 1,376

REVENUE RECOGNITION (Tables)

REVENUE RECOGNITION (Tables)	12 Months Ended
	Dec. 31, 2019
REVENUE RECOGNITION
Schedule of New Accounting Pronouncements and Changes in Accounting Principles	The following table presents the Company’s sources of other income for the years ended December 31, 2019 and 2018. Sources of revenue outside the scope of ASC 606 are noted as such. Year Ended December 31, (Dollars In Thousands) 2019 2018 Other income: Service fees on deposit accounts $ 1,403 $ 1,290 ATM and debit card fees 1,075 983 Bank-owned life insurance (1) 931 761 Insurance commissions and fees 8,017 6,640 Investment brokerage fees (1) 134 104 Net gain on sales of securities (1) 2,055 36 Net (loss) gain on sale and disposal of premises and equipment (1) (334) 9 Other 1,064 926 Total Other Income $ 14,345 $ 10,749 Not within the scope of ASC 606.

STOCKHOLDERS' EQUITY, CAPITAL_2

STOCKHOLDERS' EQUITY, CAPITAL AND REGULATORY MATTERS (Tables)	12 Months Ended
	Dec. 31, 2019
STOCKHOLDERS' EQUITY, CAPITAL AND REGULATORY MATTERS
Schedule Of Actual Capital Amounts	To be Well Capitalized For Capital Adequacy under Prompt Purposes plus Capital Corrective Action Actual Conservation Buffer Provisions (Dollars in thousands) Amount Ratio Amount Ratio Amount Ratio As of December 31, 2019 Total capital (to risk-weighted assets): $ 205,317 12.27 % >175,748 >10.50% >167,379 >10.00% Tier I capital (to risk-weighted assets): 195,050 11.65 % >142,272 >8.50 >133,903 >8.00 Common equity tier I capital (to average assets): 195,050 11.65 % >117,166 >7.00 >108,797 >6.50 Tier I capital (to average assets): 195,050 10.16 % >76,796 >4.00 >95,995 >5.00 As of December 31, 2018 Total capital (to risk-weighted assets): $ 188,647 12.94 % >143,984 >9.88% >145,733 >10.00% Tier I capital (to risk-weighted assets): 179,872 12.34 % >114,837 >7.88 >116,586 >8.00 Common equity tier I capital (to average assets): 179,872 12.34 % >92,977 >6.38 >94,726 >6.50 Tier I capital (to average assets): 179,872 12.06 % >59,673 >4.00 >74,591 >5.00

PARENT COMPANY ONLY FINANCIAL (

PARENT COMPANY ONLY FINANCIAL (Tables)	12 Months Ended
	Dec. 31, 2019
PARENT COMPANY ONLY FINANCIAL
Balance Sheets	Condensed financial information pertaining only to the parent company, SB One Bancorp, is as follows: BALANCE SHEETS December 31, (Dollars in thousands) 2019 2018 Assets Cash $ 38 $ 80 Interest-bearing deposits with other banks 396 248 Investment in subsidiary 222,901 209,037 Accrued interest and other assets 3,843 3,995 Total Assets $ 227,178 $ 213,360 Liabilities and Stockholders' Equity Other liabilities $ 80 $ 58 Subordinated debentures 27,869 27,859 Stockholders' equity 199,229 185,443 Total Liabilities and Stockholders' Equity $ 227,178 $ 213,360
Statements Of Income And Comprehensive Income	STATEMENTS OF INCOME AND COMPREHENSIVE INCOME Year Ended December 31, (Dollars in thousands) 2019 2018 Dividend received from subsidiaries $ 9,075 $ 2,803 Other income 1 — Interest expense on borrowings (12) (15) Interest expense on debentures (1,265) (1,263) Other expenses (301) (280) Income (loss) before income tax benefit and equity in undistributed net income of subsidiaries 7,498 1,245 Income tax benefit 330 305 Income (loss) before equity in undistributed net income of subsidiaries 7,828 1,550 Equity in undistributed net income of subsidiaries 14,715 8,373 Net Income 22,543 9,923 Comprehensive income $ 21,200 $ 8,369
Statements Of Cash Flows	STATEMENTS OF CASH FLOWS Year Ended December 31, (Dollars in thousands) 2019 2018 Cash Flows from Operating Activities: Net Income $ 22,543 $ 9,923 Adjustments to reconcile net income to net cash provided by operating activities: Amortization of subordinated debenture 10 11 Net change in other assets and liabilities 595 435 Equity in undistributed net income of subsidiaries (14,715) (8,373) Net Cash Provided by Operating Activities 8,433 1,996 Cash Flows from Investing Activities: Capital contribution from to subsidiaries — — Net Cash Used in Investing Activities — — Cash Flows from Financing Activities: Cash dividends paid (3,029) (2,263) Common stock issued (314) — Common stock repurchased (5,132) — Net Cash (Used in) by Financing Activities (8,475) (2,263) Net (Decrease) in Cash and Cash Equivalents (42) (267) Cash and Cash Equivalents - Beginning of Year 80 347 Cash and Cash Equivalents - End of Year $ 38 $ 80

SUMMARY OF SIGNIFICANT ACCOUN_4

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Narrative) (Details) $ in Thousands	Dec. 21, 2018USD ($)	Jan. 04, 2018USD ($)	Dec. 31, 2019USD ($)itementity	Dec. 31, 2018USD ($)	Jan. 01, 2019USD ($)
Significant Accounting Policies [Line Items]
FHLB, at cost			$ 12,100	$ 11,400
Foreclosed real estate			3,793	4,149
Carrying value of collateralized consumer loans			1,630,112	1,475,827
Cash surrender value of BOLI			37,200	35,800
Goodwill (banking segment)			$ 27,300	27,300
Number of insurance carriers | entity			20
Percentage of insurance revenue using direct billing			80.00%
Right-of-use assets, net			$ 4,644
Lease liabilities			4,727
Accounting Standards Update 2016-02
Significant Accounting Policies [Line Items]
Right-of-use assets, net					$ 2,700
Lease liabilities					$ 2,700
ATM and debit card fees
Significant Accounting Policies [Line Items]
Revenue			1,075	983
Insurance commissions and fees
Significant Accounting Policies [Line Items]
Revenue			8,017	6,640
Community Bank of Bergen County Merger
Significant Accounting Policies [Line Items]
Goodwill (banking segment)		$ 22,298		22,300
Community Bank of Bergen County Merger | Core deposits
Significant Accounting Policies [Line Items]
Intangible assets		$ 1,300	$ 1,300
Useful life of intangible assets		10 years	10 years
Enterprise Bank N.J.
Significant Accounting Policies [Line Items]
Goodwill (banking segment)	$ 2,204		$ 2,200
Enterprise Bank N.J. | Core deposits
Significant Accounting Policies [Line Items]
Intangible assets	$ 1,000		1,000
Useful life of intangible assets	10 years
Community Bank Of Bergen County Merger And Enterprise Bank NJ [Member] | Core deposits
Significant Accounting Policies [Line Items]
Intangible assets			1,700	2,100
Insurance Agency Acquired In 2001
Significant Accounting Policies [Line Items]
Goodwill (banking segment)				2,300
Bank Branch Acquired In 2006
Significant Accounting Policies [Line Items]
Goodwill (banking segment)				486
Residential Real Estate
Significant Accounting Policies [Line Items]
Foreclosed real estate			$ 3,800	$ 4,100
Sussex County, New Jersey
Significant Accounting Policies [Line Items]
Number of banking offices | item			7
Essex County New Jersey
Significant Accounting Policies [Line Items]
Number of banking offices | item			2
Warren County New Jersey
Significant Accounting Policies [Line Items]
Number of banking offices | item			1
Bergen County, New Jersey
Significant Accounting Policies [Line Items]
Number of banking offices | item			1
Middlesex County, New Jersey
Significant Accounting Policies [Line Items]
Number of banking offices | item			1
Union County, New Jersey
Significant Accounting Policies [Line Items]
Number of banking offices | item			1
Queens County New York [Member]
Significant Accounting Policies [Line Items]
Number of banking offices | item			1

SUMMARY OF SIGNIFICANT ACCOUN_5

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Premises And Equipment Useful Life) (Details)	12 Months Ended
	Dec. 31, 2019
Minimum | Buildings and building improvements
Property, Plant and Equipment [Line Items]
Premises and equipment, estimated useful lives	20 years
Minimum | Leasehold improvements
Property, Plant and Equipment [Line Items]
Premises and equipment, estimated useful lives	5 years
Minimum | Furniture, fixtures and equipment
Property, Plant and Equipment [Line Items]
Premises and equipment, estimated useful lives	5 years
Minimum | Computer equipment and software
Property, Plant and Equipment [Line Items]
Premises and equipment, estimated useful lives	3 years
Maximum | Buildings and building improvements
Property, Plant and Equipment [Line Items]
Premises and equipment, estimated useful lives	40 years
Maximum | Leasehold improvements
Property, Plant and Equipment [Line Items]
Premises and equipment, estimated useful lives	10 years
Maximum | Furniture, fixtures and equipment
Property, Plant and Equipment [Line Items]
Premises and equipment, estimated useful lives	10 years
Maximum | Computer equipment and software
Property, Plant and Equipment [Line Items]
Premises and equipment, estimated useful lives	5 years

ACQUISITIONS (Additional Inform

ACQUISITIONS (Additional Information) (Details) $ in Thousands	Dec. 21, 2018USD ($)itemshares	Jan. 04, 2018USD ($)itemshares	Dec. 31, 2019USD ($)	Dec. 31, 2018USD ($)
Business Acquisition [Line Items]
Stock options total payment			$ 161
Time deposit discount	$ 1,000	$ 965
Bank-owned life insurance			37,209	$ 35,778
Community Bank of Bergen County Merger
Business Acquisition [Line Items]
Other-than-temporary Impairment Loss, Debt Securities, Available-for-sale		$ 261
Branches | item		3
Entity shares issued per acquiree share (in shares) | shares		0.97
Number of shares issued (in shares) | shares		1,873,028
Value of common stock issued		$ 51,900
Cash paid for fractional shares		2
Stock options total payment		140
Merger expenses			$ 0	4,000
Gross amortized cost basis of acquired loans		$ 242,471
Amortization period (in years)		3 years 6 months
Interest rate fair value adjustment on general pooled loans		$ 324
Credit fair value adjustment on general pooled loans		$ (4,100)
Expected term of acquired loans (in years)		4 years
Premium		$ 3,500
Amortization period (in years)		40 years
Life of deposits (in years)		22 months 15 days
Bank-owned life insurance		$ 7,963
Acquired borrowings carrying value		$ 12,000
Community Bank of Bergen County Merger | Weighted Average
Business Acquisition [Line Items]
Life of deposits (in years)		16 months 15 days
Community Bank of Bergen County Merger | Core deposits
Business Acquisition [Line Items]
Useful life (in years)		10 years	10 years
Intangibles		$ 1,300	$ 1,300
Enterprise Bank N.J.
Business Acquisition [Line Items]
Other-than-temporary Impairment Loss, Debt Securities, Available-for-sale	$ 100
Branches | item	4
Entity shares issued per acquiree share (in shares) | shares	0.4538
Number of shares issued (in shares) | shares	1,573,454
Value of common stock issued	$ 32,400
Cash paid for fractional shares	1
Stock options total payment	1,600
Merger expenses			0	$ 1,800
Gross amortized cost basis of acquired loans	262,126
Interest rate fair value adjustment on general pooled loans	1,100
Credit fair value adjustment on general pooled loans	$ 3,900
Amortization period (in years)	3 years
Life of deposits (in years)	11 months 12 days
Acquired borrowings carrying value	$ 47,300
Acquired at a discount	$ 282
Weighted average interest rate (in percentage)	2.23%
Fair value adjustment	$ 149
Enterprise Bank N.J. | Weighted Average
Business Acquisition [Line Items]
Life of deposits (in years)	11 months 12 days
Enterprise Bank N.J. | Core deposits
Business Acquisition [Line Items]
Useful life (in years)	10 years
Intangibles	$ 1,000		$ 1,000

ACQUISITIONS (Summary of Estima

ACQUISITIONS (Summary of Estimated Fair Value of Acquired Assets and Liabilities Assumed - Community) (Details) - USD ($) $ in Thousands	Dec. 31, 2019	Dec. 31, 2018	Jan. 04, 2018
Business Acquisition [Line Items]
Goodwill (banking segment)	$ 27,300	$ 27,300
Bank-owned life insurance	$ 37,209	35,778
Community Bank of Bergen County Merger
Business Acquisition [Line Items]
Cash and cash equivalents			$ 6,693
Interest bearing time deposits with other banks			100
Securities available for sale			75,909
Other bank stock			1,155
Loans			236,010
Foreclosed real estate			1,312
Premises and equipment, net			10,612
Accrued interest receivable			824
Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Interest Receivable			824
Goodwill (banking segment)		$ 22,300	22,298
Intangibles assets			1,331
Bank-owned life insurance			7,963
Other assets			1,677
Total Assets			365,884
Deposits			(301,157)
Borrowings			(12,000)
Other liabilities			(844)
Total Liabilities			(314,001)
Net consideration paid - common shares issued			$ 51,883

ACQUISITIONS (Summary of Fair V

ACQUISITIONS (Summary of Fair Value Adjustments to Amortized Cost Basis of Loans Acquired - Community) (Details) - Community Bank of Bergen County Merger $ in Thousands	Jan. 04, 2018USD ($)
Business Acquisition [Line Items]
Gross amortized cost basis of acquired loans	$ 242,471
Fair value adjustment on general pooled loans	(3,737)
Credit fair value adjustment on purchased credit impaired loans	(2,724)
Fair value of acquired loans	$ 236,010

ACQUISITIONS (Summary of Loans

ACQUISITIONS (Summary of Loans Acquired in Accordance with ASC 310-30) (Details) - USD ($) $ in Thousands	Dec. 31, 2019	Dec. 31, 2018	Jan. 04, 2018	Dec. 31, 2017
Business Acquisition [Line Items]
Interest component of expected cash flows (accretable difference)	$ (225)	$ (539)		$ 0
Community Bank of Bergen County Merger
Business Acquisition [Line Items]
Fair value of acquired loans			$ 236,010
Community Bank of Bergen County Merger | Loans acquired with credit deterioration
Business Acquisition [Line Items]
Contractually required principal and interest at acquisition			6,289
Contractual cash flows not expected to be collected (non-accretable difference)			1,819
Expected cash flows at acquisition			4,470
Interest component of expected cash flows (accretable difference)			846
Fair value of acquired loans			$ 3,624

ACQUISITIONS (Pro Forma - Commu

ACQUISITIONS (Pro Forma - Community) (Details) - USD ($) $ / shares in Units, $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Business Acquisition [Line Items]
Net Income	$ 29,639	$ 12,982
Community Bank of Bergen County Merger | Pro Forma
Business Acquisition [Line Items]
Total revenues (net interest income plus non-interest income)		54,941	$ 47,280
Net Income		$ 9,935	$ 6,257
Basic and diluted earnings per share applicable to common stockholders (in dollars per share)		$ 1.25	$ 0.79

ACQUISITIONS (Summary of Esti_2

ACQUISITIONS (Summary of Estimated Fair Value of Acquired Assets and Liabilities Assumed - Enterprise) (Details) (Details) - USD ($) $ in Thousands	Dec. 31, 2019	Dec. 31, 2018	Dec. 21, 2018
Business Acquisition [Line Items]
Goodwill (banking segment)	$ 27,300	$ 27,300
Enterprise Bank N.J.
Business Acquisition [Line Items]
Cash and cash equivalents, net of stock options paid in cash			$ 9,153
Securities available for sale			2,193
Other bank stock			2,380
Loans			257,170
Foreclosed real estate			1,250
Premises and equipment, net			422
Accrued interest receivable			880
Goodwill (banking segment)	$ 2,200		2,204
Intangibles assets			1,039
Other assets			3,064
Total Assets			279,755
Deposits			(197,321)
Borrowings			(47,106)
Other liabilities			(2,882)
Total Liabilities			(247,309)
Net consideration paid - common shares issued			$ 32,446

ACQUISITIONS (Summary of Fair_2

ACQUISITIONS (Summary of Fair Value Adjustments to Amortized Cost Basis of Loans Acquired - Enterprise) (Details) (Details) - Enterprise Bank N.J. $ in Thousands	Dec. 21, 2018USD ($)
Business Acquisition [Line Items]
Gross amortized cost basis of acquired loans	$ 262,126
Fair value adjustment on general pooled loans	(4,956)
Fair value of acquired loans	$ 257,170

ACQUISITIONS (Pro Forma - Enter

ACQUISITIONS (Pro Forma - Enterprise) (Details) - USD ($) $ / shares in Units, $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Business Acquisition [Line Items]
Net Income	$ 29,639	$ 12,982
Pro Forma | Enterprise Bank N.J.
Business Acquisition [Line Items]
Total revenues (net interest income plus non-interest income)		64,827	$ 46,175
Net Income		$ 12,496	$ 7,283
Earnings per share, basic (in dollars per share)		$ 1.80	$ 0.84

SEGMENT INFORMATION (Details)

SEGMENT INFORMATION (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Segment Reporting Information [Line Items]
Net interest income from external sources	$ 59,060	$ 44,080
Other income from external sources	14,345	10,749
Depreciation and amortization	2,049	1,836
Income before income taxes	29,639	12,982
Income tax expense	7,096	3,059
Total assets	$ 2,001,657	$ 1,795,703
Statutory tax rate (in percentage)	21.00%	21.00%
Banking and Financial Services
Segment Reporting Information [Line Items]
Net interest income from external sources	$ 59,060	$ 44,080
Other income from external sources	6,129	3,975
Depreciation and amortization	2,003	1,809
Income before income taxes	27,358	10,987
Income tax expense	6,184	2,261
Total assets	1,995,973	1,790,851
Insurance Services
Segment Reporting Information [Line Items]
Other income from external sources	8,216	6,774
Depreciation and amortization	46	27
Income before income taxes	2,281	1,995
Income tax expense	912	798
Total assets	$ 5,684	$ 4,852
Statutory tax rate (in percentage)	28.10%	28.10%

FAIR VALUE OF ASSETS AND LIAB_3

FAIR VALUE OF ASSETS AND LIABILITIES - Summary Of Financial Assets Measured On A Recurring Basis (Details) - USD ($) $ in Thousands	Dec. 31, 2019	Dec. 31, 2018
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total available for sale securities	$ 212,181	$ 182,139
Interest rate swaps - Assets	688	2,114
Interest rate swaps - liability	3,890	779
Quoted Prices in Active Markets for Identical Assets (Level I)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total available for sale securities	0	0
Interest rate swaps - Assets	0	0
Interest rate swaps - liability	0	0
Significant Other Observable Inputs (Level II)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total available for sale securities	208,580	182,139
Interest rate swaps - Assets	688	2,114
Interest rate swaps - liability	3,890	779
Significant Unobservable Inputs (Level III)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total available for sale securities	3,601	0
Interest rate swaps - Assets	0	0
Interest rate swaps - liability	0	0
U.S. government agencies
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total available for sale securities	8,679	24,794
U.S. government agencies | Quoted Prices in Active Markets for Identical Assets (Level I)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total available for sale securities	0	0
U.S. government agencies | Significant Other Observable Inputs (Level II)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total available for sale securities	8,679	24,794
U.S. government agencies | Significant Unobservable Inputs (Level III)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total available for sale securities	0	0
U.S. government-sponsored enterprises
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total available for sale securities	53,249	20,362
U.S. government-sponsored enterprises | Quoted Prices in Active Markets for Identical Assets (Level I)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total available for sale securities	0	0
U.S. government-sponsored enterprises | Significant Other Observable Inputs (Level II)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total available for sale securities	53,249	20,362
U.S. government-sponsored enterprises | Significant Unobservable Inputs (Level III)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total available for sale securities	0	0
State and political subdivisions
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total available for sale securities	32,214	60,362
State and political subdivisions | Quoted Prices in Active Markets for Identical Assets (Level I)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total available for sale securities	0	0
State and political subdivisions | Significant Other Observable Inputs (Level II)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total available for sale securities	32,214	60,362
State and political subdivisions | Significant Unobservable Inputs (Level III)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total available for sale securities	0	0
Mortgage-backed securities - U.S. government-sponsored enterprises
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total available for sale securities	82,469	73,613
Mortgage-backed securities - U.S. government-sponsored enterprises | Quoted Prices in Active Markets for Identical Assets (Level I)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total available for sale securities	0	0
Mortgage-backed securities - U.S. government-sponsored enterprises | Significant Other Observable Inputs (Level II)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total available for sale securities	82,469	73,613
Mortgage-backed securities - U.S. government-sponsored enterprises | Significant Unobservable Inputs (Level III)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total available for sale securities	0	0
Mortgage-backed securities - Private mortgage-backed securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total available for sale securities	22,445
Mortgage-backed securities - Private mortgage-backed securities | Quoted Prices in Active Markets for Identical Assets (Level I)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total available for sale securities	0
Mortgage-backed securities - Private mortgage-backed securities | Significant Other Observable Inputs (Level II)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total available for sale securities	19,873
Mortgage-backed securities - Private mortgage-backed securities | Significant Unobservable Inputs (Level III)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total available for sale securities	2,572
Corporate debt
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total available for sale securities	13,125	3,008
Corporate debt | Quoted Prices in Active Markets for Identical Assets (Level I)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total available for sale securities	0	0
Corporate debt | Significant Other Observable Inputs (Level II)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total available for sale securities	12,096	3,008
Corporate debt | Significant Unobservable Inputs (Level III)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total available for sale securities	$ 1,029	$ 0

FAIR VALUE OF ASSETS AND LIAB_4

FAIR VALUE OF ASSETS AND LIABILITIES - Summary Of Financial Assets Measured On A Nonrecurring Basis (Details) - Nonrecurring - USD ($) $ in Thousands	Dec. 31, 2019	Dec. 31, 2018
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Impaired loans	$ 1,630	$ 1,785
Foreclosed real estate	2,183	730
Quoted Prices in Active Markets for Identical Assets (Level I)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Impaired loans	0	0
Foreclosed real estate	0	0
Significant Other Observable Inputs (Level II)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Impaired loans	0	0
Foreclosed real estate	0	0
Significant Unobservable Inputs (Level III)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Impaired loans	1,630	1,785
Foreclosed real estate	$ 2,183	$ 730

FAIR VALUE OF ASSETS AND LIAB_5

FAIR VALUE OF ASSETS AND LIABILITIES - Qualitative Information About Level 3 Fair Value Measurements (Details) - Nonrecurring $ in Thousands	Dec. 31, 2019USD ($)	Dec. 31, 2018USD ($)
Qualitative and Quantitative Information, Transferor's Continuing Involvement [Line Items]
Impaired loans	$ 1,630	$ 1,785
Foreclosed real estate	2,183	730
Measurement Input, Appraised Value | Appraisal of collateral
Qualitative and Quantitative Information, Transferor's Continuing Involvement [Line Items]
Impaired loans	1,630	1,785
Measurement Input, Cost to Sell | Appraisal of collateral
Qualitative and Quantitative Information, Transferor's Continuing Involvement [Line Items]
Foreclosed real estate	2,183
Significant Unobservable Inputs (Level III)
Qualitative and Quantitative Information, Transferor's Continuing Involvement [Line Items]
Impaired loans	1,630	1,785
Foreclosed real estate	$ 2,183	$ 730
Significant Unobservable Inputs (Level III) | Measurement Input, Cost to Sell | Appraisal of collateral
Qualitative and Quantitative Information, Transferor's Continuing Involvement [Line Items]
Impaired loans, measurement input (in percentage)	(7)	(7)
Significant Unobservable Inputs (Level III) | Minimum | Measurement Input, Appraised Value | Appraisal of collateral
Qualitative and Quantitative Information, Transferor's Continuing Involvement [Line Items]
Impaired loans, measurement input (in percentage)	0	0
Significant Unobservable Inputs (Level III) | Maximum | Measurement Input, Appraised Value | Appraisal of collateral
Qualitative and Quantitative Information, Transferor's Continuing Involvement [Line Items]
Impaired loans, measurement input (in percentage)	(72)	100
Significant Unobservable Inputs (Level III) | Weighted Average | Appraisal of collateral
Qualitative and Quantitative Information, Transferor's Continuing Involvement [Line Items]
Impaired loans, measurement input (in percentage)		(7)
Significant Unobservable Inputs (Level III) | Weighted Average | Measurement Input, Appraised Value | Appraisal of collateral
Qualitative and Quantitative Information, Transferor's Continuing Involvement [Line Items]
Impaired loans, measurement input (in percentage)	(3.60)	(7.80)
Significant Unobservable Inputs (Level III) | Weighted Average | Measurement Input, Cost to Sell | Appraisal of collateral
Qualitative and Quantitative Information, Transferor's Continuing Involvement [Line Items]
Impaired loans, measurement input (in percentage)	(7)

FAIR VALUE OF ASSETS AND LIAB_6

FAIR VALUE OF ASSETS AND LIABILITIES - Estimated Fair Values of Financial Instruments (Details) - USD ($) $ in Thousands	Dec. 31, 2019	Dec. 31, 2018
Financial assets:
Total available for sale securities	$ 212,181	$ 182,139
Securities held to maturity	4,083	4,151
Interest rate swaps - Assets	688	2,114
Financial liabilities:
Interest rate swaps - liability	3,890	779
Carrying Amount
Financial assets:
Cash and cash equivalents	43,686	26,678
Time deposits with other banks	200	200
Total available for sale securities	212,181	182,139
Securities held to maturity	4,012	4,078
Other bank stock	12,498	11,764
Loans receivable, net of allowance	1,618,579	1,466,000
Accrued interest receivable	6,175	6,546
Interest rate swaps - Assets	688	2,114
Financial liabilities:
Non-maturity deposits	971,653	965,065
Time deposits	553,388	388,874
Short-term borrowings	193,000	175,295
Long-term borrowings	40,114	44,611
Subordinated debentures	27,869	27,859
Accrued interest payable	1,466	1,480
Interest rate swaps - liability	3,890	779
Fair Value
Financial assets:
Cash and cash equivalents	43,686	26,678
Time deposits with other banks	200	200
Total available for sale securities	212,181	182,139
Securities held to maturity	4,083	4,152
Other bank stock	12,498	11,764
Loans receivable, net of allowance	1,605,295	1,428,094
Accrued interest receivable	6,175	6,546
Interest rate swaps - Assets	688	2,114
Financial liabilities:
Non-maturity deposits	971,653	965,065
Time deposits	551,886	383,264
Short-term borrowings	193,081	175,366
Long-term borrowings	40,228	44,365
Subordinated debentures	26,930	26,840
Accrued interest payable	1,466	1,480
Interest rate swaps - liability	3,890	779
Quoted Prices in Active Markets for Identical Assets (Level I)
Financial assets:
Cash and cash equivalents	43,686	26,678
Time deposits with other banks	0	0
Total available for sale securities	0	0
Securities held to maturity	0	0
Other bank stock	0	0
Loans receivable, net of allowance	0	0
Accrued interest receivable	0	0
Interest rate swaps - Assets	0	0
Financial liabilities:
Non-maturity deposits	0	0
Time deposits	0	0
Short-term borrowings	193,081	175,366
Long-term borrowings	0	0
Subordinated debentures	0	0
Accrued interest payable	0	0
Interest rate swaps - liability	0	0
Significant Other Observable Inputs (Level II)
Financial assets:
Cash and cash equivalents	0	0
Time deposits with other banks	200	200
Total available for sale securities	208,580	182,139
Securities held to maturity	2,593	4,152
Other bank stock	12,498	11,764
Loans receivable, net of allowance	0	0
Accrued interest receivable	6,175	6,546
Interest rate swaps - Assets	688	2,114
Financial liabilities:
Non-maturity deposits	971,653	965,065
Time deposits	551,886	383,264
Short-term borrowings	0	0
Long-term borrowings	40,228	44,365
Subordinated debentures	26,930	26,840
Accrued interest payable	1,466	1,480
Interest rate swaps - liability	3,890	779
Significant Unobservable Inputs (Level III)
Financial assets:
Cash and cash equivalents	0	0
Time deposits with other banks	0	0
Total available for sale securities	3,601	0
Securities held to maturity	1,490	0
Other bank stock	0	0
Loans receivable, net of allowance	1,605,295	1,428,094
Accrued interest receivable	0	0
Interest rate swaps - Assets	0	0
Financial liabilities:
Non-maturity deposits	0	0
Time deposits	0	0
Short-term borrowings	0	0
Long-term borrowings	0	0
Subordinated debentures	0	0
Accrued interest payable	0	0
Interest rate swaps - liability	$ 0	$ 0

SECURITIES - Amortized Cost and

SECURITIES - Amortized Cost and Fair Value of Securities Available for Sale (Details) - USD ($) $ in Thousands	Dec. 31, 2019	Dec. 31, 2018
Debt Securities, Available-for-sale [Line Items]
Amortized Cost	$ 211,175	$ 183,692
Gross Unrealized Gains	2,622	595
Gross Unrealized Losses	(1,616)	(2,148)
Fair Value	212,181	182,139
U.S. government agencies
Debt Securities, Available-for-sale [Line Items]
Amortized Cost	8,758	25,161
Gross Unrealized Gains	5	4
Gross Unrealized Losses	(84)	(371)
Fair Value	8,679	24,794
U.S. government-sponsored enterprises
Debt Securities, Available-for-sale [Line Items]
Amortized Cost	54,338	20,404
Gross Unrealized Gains		38
Gross Unrealized Losses	(1,089)	(80)
Fair Value	53,249	20,362
State and political subdivisions
Debt Securities, Available-for-sale [Line Items]
Amortized Cost	31,501	60,457
Gross Unrealized Gains	938	445
Gross Unrealized Losses	(225)	(540)
Fair Value	32,214	60,362
Mortgage-backed securities - U.S. government-sponsored enterprises
Debt Securities, Available-for-sale [Line Items]
Amortized Cost	81,449	74,670
Gross Unrealized Gains	1,198	100
Gross Unrealized Losses	(178)	(1,157)
Fair Value	82,469	73,613
Mortgage-backed securities - Private mortgage-backed securities
Debt Securities, Available-for-sale [Line Items]
Amortized Cost	22,110
Gross Unrealized Gains	368
Gross Unrealized Losses	(33)
Fair Value	22,445
Corporate debt
Debt Securities, Available-for-sale [Line Items]
Amortized Cost	13,019	3,000
Gross Unrealized Gains	113	8
Gross Unrealized Losses	(7)	0
Fair Value	$ 13,125	$ 3,008

SECURITIES - Additional Informa

SECURITIES - Additional Information (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2019USD ($)security	Dec. 31, 2018USD ($)security
Schedule Of Available-For-Sale And Held-To-Maturity [Line Items]
Available-for-sale, restricted	$ 4,300	$ 2,500
Gross gains on sales of securities available for sale	2,100	46
Gross losses on sales of securities available for sale	393	10
Unrealized loss position, fair value	107,929	127,208
Unrealized loss position, accumulated loss	$ 1,616	$ 2,148
Number of securities with unrealized losses, held-to-maturity | security	0	0
U.S. government agencies
Schedule Of Available-For-Sale And Held-To-Maturity [Line Items]
Continuous unrealized loss position, number of positions | security	6	18
Unrealized loss position, fair value	$ 5,966	$ 21,591
Unrealized loss position, accumulated loss	84	$ 371
Other-than-temporary Impairment Loss, Debt Securities, Available-for-sale	$ 0
U.S. government-sponsored enterprises
Schedule Of Available-For-Sale And Held-To-Maturity [Line Items]
Continuous unrealized loss position, number of positions | security	26	6
Unrealized loss position, fair value	$ 53,249	$ 10,348
Unrealized loss position, accumulated loss	1,089	$ 80
Other-than-temporary Impairment Loss, Debt Securities, Available-for-sale	$ 0
State and political subdivisions
Schedule Of Available-For-Sale And Held-To-Maturity [Line Items]
Continuous unrealized loss position, number of positions | security	14	34
Unrealized loss position, fair value	$ 17,421	$ 35,949
Unrealized loss position, accumulated loss	225	$ 540
Other-than-temporary Impairment Loss, Debt Securities, Available-for-sale	$ 0
Maturity date term	10 years
Mortgage-backed securities - U.S. government-sponsored enterprises
Schedule Of Available-For-Sale And Held-To-Maturity [Line Items]
Continuous unrealized loss position, number of positions | security	13	38
Unrealized loss position, fair value	$ 22,178	$ 59,320
Unrealized loss position, accumulated loss	178	$ 1,157
Other-than-temporary Impairment Loss, Debt Securities, Available-for-sale	$ 0
Mortgage-backed securities - Private mortgage-backed securities
Schedule Of Available-For-Sale And Held-To-Maturity [Line Items]
Continuous unrealized loss position, number of positions | security	3	0
Unrealized loss position, fair value	$ 6,973
Unrealized loss position, accumulated loss	$ 33
Corporate debt
Schedule Of Available-For-Sale And Held-To-Maturity [Line Items]
Continuous unrealized loss position, number of positions	1	0
Unrealized loss position, fair value	$ 2,142
Unrealized loss position, accumulated loss	7
Other-than-temporary Impairment Loss, Debt Securities, Available-for-sale	$ 0
Maturity date term	5 years

SECURITIES - Amortized Cost a_2

SECURITIES - Amortized Cost and Fair Value Of Securities by Contractual Maturity (Details) - USD ($) $ in Thousands	Dec. 31, 2019	Dec. 31, 2018
Amortized Cost
Due in one year or less	$ 0
Due after one year through five years	0
Due after five years through ten years	12,932
Due after ten years	31,588
Total bonds and obligations	44,520
Amortized Cost	211,175	$ 183,692
Fair Value
Due in one year or less	0
Due after one year through five years	0
Due after five years through ten years	13,167
Due after ten years	32,172
Total bonds and obligations	45,339
Total available for sale securities	212,181	182,139
U.S. government agencies
Amortized Cost
Available for sale	8,758
Amortized Cost	8,758	25,161
Fair Value
Available for sale	8,679
Total available for sale securities	8,679	24,794
U.S. government-sponsored enterprises
Amortized Cost
Available for sale	54,338
Amortized Cost	54,338	20,404
Fair Value
Available for sale	53,249
Total available for sale securities	53,249	20,362
Mortgage-backed securities - U.S. government-sponsored enterprises
Amortized Cost
Available for sale	81,449
Amortized Cost	81,449	74,670
Fair Value
Available for sale	82,469
Total available for sale securities	82,469	$ 73,613
Mortgage-backed securities - Private mortgage-backed securities
Amortized Cost
Available for sale	22,110
Amortized Cost	22,110
Fair Value
Available for sale	22,445
Total available for sale securities	$ 22,445

SECURITIES - Temporarily Impair

SECURITIES - Temporarily Impaired Gross Unrealized Losses And Fair Value Of Available-For-Sale Securities (Details) - USD ($) $ in Thousands	Dec. 31, 2019	Dec. 31, 2018
Debt Securities, Available-for-sale [Line Items]
Less Than 12 Months - Fair Value	$ 87,851	$ 77,057
Less Than 12 Months - Gross Unrealized Losses	(1,148)	(871)
12 Months or More - Fair Value	20,078	50,151
12 Months or More - Gross Unrealized Losses	(468)	(1,277)
Total - Fair Value	107,929	127,208
Total - Gross Unrealized Losses	(1,616)	(2,148)
U.S. government agencies
Debt Securities, Available-for-sale [Line Items]
Less Than 12 Months - Fair Value		18,998
Less Than 12 Months - Gross Unrealized Losses		(316)
12 Months or More - Fair Value	5,966	2,593
12 Months or More - Gross Unrealized Losses	(84)	(55)
Total - Fair Value	5,966	21,591
Total - Gross Unrealized Losses	(84)	(371)
U.S. government-sponsored enterprises
Debt Securities, Available-for-sale [Line Items]
Less Than 12 Months - Fair Value	44,110	10,348
Less Than 12 Months - Gross Unrealized Losses	(770)	(80)
12 Months or More - Fair Value	9,139	0
12 Months or More - Gross Unrealized Losses	(319)	0
Total - Fair Value	53,249	10,348
Total - Gross Unrealized Losses	(1,089)	(80)
State and political subdivisions
Debt Securities, Available-for-sale [Line Items]
Less Than 12 Months - Fair Value	17,421	17,164
Less Than 12 Months - Gross Unrealized Losses	(225)	(204)
12 Months or More - Fair Value	0	18,785
12 Months or More - Gross Unrealized Losses	0	(336)
Total - Fair Value	17,421	35,949
Total - Gross Unrealized Losses	(225)	(540)
Mortgage-backed securities - U.S. government-sponsored enterprises
Debt Securities, Available-for-sale [Line Items]
Less Than 12 Months - Fair Value	17,205	30,547
Less Than 12 Months - Gross Unrealized Losses	(113)	(271)
12 Months or More - Fair Value	4,973	28,773
12 Months or More - Gross Unrealized Losses	(65)	(886)
Total - Fair Value	22,178	59,320
Total - Gross Unrealized Losses	(178)	$ (1,157)
Mortgage-backed securities - Private mortgage-backed securities
Debt Securities, Available-for-sale [Line Items]
Less Than 12 Months - Fair Value	6,973
Less Than 12 Months - Gross Unrealized Losses	(33)
12 Months or More - Fair Value	0
12 Months or More - Gross Unrealized Losses	0
Total - Fair Value	6,973
Total - Gross Unrealized Losses	(33)
Corporate debt
Debt Securities, Available-for-sale [Line Items]
Less Than 12 Months - Fair Value	2,142
Less Than 12 Months - Gross Unrealized Losses	(7)
12 Months or More - Fair Value	0
12 Months or More - Gross Unrealized Losses	0
Total - Fair Value	2,142
Total - Gross Unrealized Losses	$ (7)

SECURITIES - Amortized Cost A_3

SECURITIES - Amortized Cost And Approximate Fair Value Of Securities Held-To-Maturity (Details) - USD ($) $ in Thousands	Dec. 31, 2019	Dec. 31, 2018
Schedule of Held-to-maturity Securities [Line Items]
Total held to maturity securities	$ 4,012
Securities held to maturity, fair value	4,083	$ 4,151
State and political subdivisions
Schedule of Held-to-maturity Securities [Line Items]
Total held to maturity securities	4,012	4,078
Gross Unrealized Gains	71	74
Gross Unrealized Losses	0	0
Securities held to maturity, fair value	$ 4,083	$ 4,152

SECURITIES - Amortized Cost A_4

SECURITIES - Amortized Cost And Fair Value Of Securities By Contractual Maturity Of Held-To-Maturity Securities (Details) - USD ($) $ in Thousands	Dec. 31, 2019	Dec. 31, 2018
Amortized Cost
Due in one year or less	$ 1,490
Due after one year through five years	1,505
Due after five years through ten years	1,017
Due after ten years	0
Total held to maturity securities	4,012
Fair Value
Due in one year or less	1,490
Due after one year through five years	1,537
Due after five years through ten years	1,056
Due after ten years	0
Total held to maturity securities	$ 4,083	$ 4,151

LOANS - Composition of Net Loan

LOANS - Composition of Net Loans Receivable (Details) - USD ($) $ in Thousands	Dec. 31, 2019	Dec. 31, 2018
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans receivable	$ 1,630,112	$ 1,475,827
Unearned net loan origination fees	(1,266)	(1,052)
Allowance for loan losses	(10,267)	(8,775)
Net loans receivable	1,618,579	1,466,000
Commercial and Industrial
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans receivable	124,937	81,709
Construction
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans receivable	125,291	142,321
Commercial Real Estate
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans receivable	995,220	878,449
Residential Real Estate
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans receivable	382,567	370,955
Consumer and Other
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans receivable	$ 2,097	$ 2,393

LOANS - Narrative (Details)

LOANS - Narrative (Details) - USD ($) $ in Thousands	Dec. 31, 2019	Dec. 31, 2018
Accounts, Notes, Loans and Financing Receivable [Line Items]
Mortgage loans serviced for the benefit of others	$ 218	$ 229
Loans acquired with credit deterioration
Accounts, Notes, Loans and Financing Receivable [Line Items]
Carrying value of loans acquired	2,500
Decrease in value	$ 1,100

LOANS - Changes in Accretable Y

LOANS - Changes in Accretable Yield (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Certain Loans Acquired in Transfer Not Accounted for as Debt Securities, Accretable Yield Movement Schedule [Roll Forward]
Accretable yield, beginning balance	$ 539	$ 0
Acquisition of impaired loans	0	846
Accretable yield amortized to interest income	(314)	(307)
Reclassification from non-accretable difference	0	0
Accretable yield, ending balance	$ 225	$ 539

ALLOWANCE FOR LOAN LOSSES AND_3

ALLOWANCE FOR LOAN LOSSES AND CREDIT QUALITY OF FINANCING RECEIVABLES - Changes In The Allowance For Loan Losses (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Financing Receivable, Allowance for Credit Loss [Roll Forward]
Beginning balance	$ 8,775	$ 7,335
Charge-offs	(1,246)	(128)
Recoveries	207	131
Provision	2,531	1,437
Ending balance	10,267	8,775
Commercial and Industrial
Financing Receivable, Allowance for Credit Loss [Roll Forward]
Beginning balance	603	208
Charge-offs	(198)	(11)
Recoveries	3	3
Provision	767	403
Ending balance	1,175	603
Construction
Financing Receivable, Allowance for Credit Loss [Roll Forward]
Beginning balance	663	336
Charge-offs	0	0
Recoveries	0	0
Provision	(126)	327
Ending balance	537	663
Commercial Real Estate
Financing Receivable, Allowance for Credit Loss [Roll Forward]
Beginning balance	5,575	5,185
Charge-offs	(473)	(26)
Recoveries	124	17
Provision	1,491	399
Ending balance	6,717	5,575
Residential Real Estate
Financing Receivable, Allowance for Credit Loss [Roll Forward]
Beginning balance	1,371	1,032
Charge-offs	(499)	(22)
Recoveries	71	91
Provision	395	270
Ending balance	1,338	1,371
Consumer and Other
Financing Receivable, Allowance for Credit Loss [Roll Forward]
Beginning balance	23	26
Charge-offs	(76)	(69)
Recoveries	9	20
Provision	53	46
Ending balance	9	23
Unallocated
Financing Receivable, Allowance for Credit Loss [Roll Forward]
Beginning balance	540	548
Charge-offs	0	0
Recoveries	0	0
Provision	(49)	(8)
Ending balance	$ 491	$ 540

ALLOWANCE FOR LOAN LOSSES AND_4

ALLOWANCE FOR LOAN LOSSES AND CREDIT QUALITY OF FINANCING RECEIVABLES - Allowances Of Loan Losses And Loans Receivable By Class Disaggregated (Details) - USD ($) $ in Thousands	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Financing Receivable, Allowance for Credit Loss [Line Items]
Allowance for Loan Losses	$ 10,267	$ 8,775	$ 7,335
Balance Loans Individually Evaluated for Impairment	716	515
Balance Related to Loans Collectively Evaluated for Impairment	9,060	7,720
Net loans receivable	1,630,112	1,475,827
Individually Evaluated for Impairment	14,263	20,704
Collectively Evaluated for Impairment	1,615,849	1,455,123
Commercial and Industrial
Financing Receivable, Allowance for Credit Loss [Line Items]
Allowance for Loan Losses	1,175	603	208
Balance Loans Individually Evaluated for Impairment	353	152
Balance Related to Loans Collectively Evaluated for Impairment	822	451
Net loans receivable	124,937	81,709
Individually Evaluated for Impairment	835	372
Collectively Evaluated for Impairment	124,102	81,337
Construction
Financing Receivable, Allowance for Credit Loss [Line Items]
Allowance for Loan Losses	537	663	336
Balance Loans Individually Evaluated for Impairment	0	0
Balance Related to Loans Collectively Evaluated for Impairment	537	663
Net loans receivable	125,291	142,321
Individually Evaluated for Impairment	250	0
Collectively Evaluated for Impairment	125,041	142,321
Commercial Real Estate
Financing Receivable, Allowance for Credit Loss [Line Items]
Allowance for Loan Losses	6,717	5,575	5,185
Balance Loans Individually Evaluated for Impairment	296	274
Balance Related to Loans Collectively Evaluated for Impairment	6,421	5,301
Net loans receivable	995,220	878,449
Individually Evaluated for Impairment	7,176	15,760
Collectively Evaluated for Impairment	988,044	862,689
Residential Real Estate
Financing Receivable, Allowance for Credit Loss [Line Items]
Allowance for Loan Losses	1,338	1,371	1,032
Balance Loans Individually Evaluated for Impairment	67	89
Balance Related to Loans Collectively Evaluated for Impairment	1,271	1,282
Net loans receivable	382,567	370,955
Individually Evaluated for Impairment	6,002	4,572
Collectively Evaluated for Impairment	376,565	366,383
Consumer and Other
Financing Receivable, Allowance for Credit Loss [Line Items]
Allowance for Loan Losses	9	23	26
Balance Loans Individually Evaluated for Impairment	0	0
Balance Related to Loans Collectively Evaluated for Impairment	9	23
Net loans receivable	2,097	2,393
Individually Evaluated for Impairment	0	0
Collectively Evaluated for Impairment	2,097	2,393
Unallocated
Financing Receivable, Allowance for Credit Loss [Line Items]
Allowance for Loan Losses	491	540	$ 548
Net loans receivable	$ 0	$ 0

ALLOWANCE FOR LOAN LOSSES AND_5

ALLOWANCE FOR LOAN LOSSES AND CREDIT QUALITY OF FINANCING RECEIVABLES - Age Analysis Of Loans Receivable (Details) - USD ($) $ in Thousands	Dec. 31, 2019	Dec. 31, 2018
Financing Receivable, Past Due [Line Items]
Total Past Due	$ 19,212	$ 24,492
Current	1,610,900	1,451,335
Net loans receivable	1,630,112	1,475,827
Recorded Investment 90 Days and Accruing	0	0
30-59 Days Past Due
Financing Receivable, Past Due [Line Items]
Total Past Due	7,203	3,170
60-89 days Past Due
Financing Receivable, Past Due [Line Items]
Total Past Due	594	618
Greater Than 90 Days
Financing Receivable, Past Due [Line Items]
Total Past Due	11,415	20,704
Commercial and Industrial
Financing Receivable, Past Due [Line Items]
Total Past Due	1,006	863
Current	123,931	80,846
Net loans receivable	124,937	81,709
Recorded Investment 90 Days and Accruing	0	0
Commercial and Industrial | 30-59 Days Past Due
Financing Receivable, Past Due [Line Items]
Total Past Due	300	491
Commercial and Industrial | 60-89 days Past Due
Financing Receivable, Past Due [Line Items]
Total Past Due	5	0
Commercial and Industrial | Greater Than 90 Days
Financing Receivable, Past Due [Line Items]
Total Past Due	701	372
Construction
Financing Receivable, Past Due [Line Items]
Total Past Due		582
Current	125,291	141,739
Net loans receivable	125,291	142,321
Recorded Investment 90 Days and Accruing	0	0
Construction | 30-59 Days Past Due
Financing Receivable, Past Due [Line Items]
Total Past Due	0	0
Construction | 60-89 days Past Due
Financing Receivable, Past Due [Line Items]
Total Past Due	0	582
Construction | Greater Than 90 Days
Financing Receivable, Past Due [Line Items]
Total Past Due	0	0
Commercial Real Estate
Financing Receivable, Past Due [Line Items]
Total Past Due	12,037	18,042
Current	983,183	860,407
Net loans receivable	995,220	878,449
Recorded Investment 90 Days and Accruing	0	0
Commercial Real Estate | 30-59 Days Past Due
Financing Receivable, Past Due [Line Items]
Total Past Due	6,326	2,282
Commercial Real Estate | 60-89 days Past Due
Financing Receivable, Past Due [Line Items]
Total Past Due	68	0
Commercial Real Estate | Greater Than 90 Days
Financing Receivable, Past Due [Line Items]
Total Past Due	5,643	15,760
Residential Real Estate
Financing Receivable, Past Due [Line Items]
Total Past Due	6,153	5,000
Current	376,414	365,955
Net loans receivable	382,567	370,955
Recorded Investment 90 Days and Accruing	0	0
Residential Real Estate | 30-59 Days Past Due
Financing Receivable, Past Due [Line Items]
Total Past Due	563	393
Residential Real Estate | 60-89 days Past Due
Financing Receivable, Past Due [Line Items]
Total Past Due	520	35
Residential Real Estate | Greater Than 90 Days
Financing Receivable, Past Due [Line Items]
Total Past Due	5,070	4,572
Consumer and Other
Financing Receivable, Past Due [Line Items]
Total Past Due	16	5
Current	2,081	2,388
Net loans receivable	2,097	2,393
Recorded Investment 90 Days and Accruing	0	0
Consumer and Other | 30-59 Days Past Due
Financing Receivable, Past Due [Line Items]
Total Past Due	14	4
Consumer and Other | 60-89 days Past Due
Financing Receivable, Past Due [Line Items]
Total Past Due	1	1
Consumer and Other | Greater Than 90 Days
Financing Receivable, Past Due [Line Items]
Total Past Due	$ 1	$ 0

ALLOWANCE FOR LOAN LOSSES AND_6

ALLOWANCE FOR LOAN LOSSES AND CREDIT QUALITY OF FINANCING RECEIVABLES - Loans Which The Accrual Of Interest Has Been Discontinued (Details) - USD ($) $ in Thousands	Dec. 31, 2019	Dec. 31, 2018
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans for which accrual of interest has been discounted	$ 11,415	$ 20,704
Commercial and Industrial
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans for which accrual of interest has been discounted	701	372
Construction
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans for which accrual of interest has been discounted	0	0
Commercial Real Estate
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans for which accrual of interest has been discounted	5,643	15,760
Residential Real Estate
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans for which accrual of interest has been discounted	5,070	4,572
Consumer and Other
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans for which accrual of interest has been discounted	$ 1	$ 0

ALLOWANCE FOR LOAN LOSSES AND_7

ALLOWANCE FOR LOAN LOSSES AND CREDIT QUALITY OF FINANCING RECEIVABLES - Credit Risk Profile By Creditworthiness (Details) - USD ($) $ in Thousands	Dec. 31, 2019	Dec. 31, 2018
Financing Receivable, Credit Quality Indicator [Line Items]
Total loans receivable	$ 1,630,112	$ 1,475,827
Commercial and Industrial
Financing Receivable, Credit Quality Indicator [Line Items]
Total loans receivable	124,937	81,709
Construction
Financing Receivable, Credit Quality Indicator [Line Items]
Total loans receivable	125,291	142,321
Commercial Real Estate
Financing Receivable, Credit Quality Indicator [Line Items]
Total loans receivable	995,220	878,449
Total
Financing Receivable, Credit Quality Indicator [Line Items]
Total loans receivable	1,245,448	1,102,479
Residential Real Estate
Financing Receivable, Credit Quality Indicator [Line Items]
Total loans receivable	382,567	370,955
Consumer and Other
Financing Receivable, Credit Quality Indicator [Line Items]
Total loans receivable	2,097	2,393
Pass | Commercial and Industrial
Financing Receivable, Credit Quality Indicator [Line Items]
Total loans receivable	124,102	80,977
Pass | Construction
Financing Receivable, Credit Quality Indicator [Line Items]
Total loans receivable	122,689	141,871
Pass | Commercial Real Estate
Financing Receivable, Credit Quality Indicator [Line Items]
Total loans receivable	982,480	855,180
Pass | Total
Financing Receivable, Credit Quality Indicator [Line Items]
Total loans receivable	1,229,271	1,078,028
Special Mention | Commercial and Industrial
Financing Receivable, Credit Quality Indicator [Line Items]
Total loans receivable	0	32
Special Mention | Construction
Financing Receivable, Credit Quality Indicator [Line Items]
Total loans receivable	2,352	0
Special Mention | Commercial Real Estate
Financing Receivable, Credit Quality Indicator [Line Items]
Total loans receivable	5,520	3,908
Special Mention | Total
Financing Receivable, Credit Quality Indicator [Line Items]
Total loans receivable	7,872	3,940
Substandard | Commercial and Industrial
Financing Receivable, Credit Quality Indicator [Line Items]
Total loans receivable	835	700
Substandard | Construction
Financing Receivable, Credit Quality Indicator [Line Items]
Total loans receivable	250	450
Substandard | Commercial Real Estate
Financing Receivable, Credit Quality Indicator [Line Items]
Total loans receivable	7,220	19,361
Substandard | Total
Financing Receivable, Credit Quality Indicator [Line Items]
Total loans receivable	8,305	20,511
Doubtful | Commercial and Industrial
Financing Receivable, Credit Quality Indicator [Line Items]
Total loans receivable	0	0
Doubtful | Construction
Financing Receivable, Credit Quality Indicator [Line Items]
Total loans receivable	0	0
Doubtful | Commercial Real Estate
Financing Receivable, Credit Quality Indicator [Line Items]
Total loans receivable	0	0
Doubtful | Total
Financing Receivable, Credit Quality Indicator [Line Items]
Total loans receivable	0	0
Performing | Residential Real Estate
Financing Receivable, Credit Quality Indicator [Line Items]
Total loans receivable	377,497	366,408
Performing | Consumer and Other
Financing Receivable, Credit Quality Indicator [Line Items]
Total loans receivable	2,096	2,393
Non-performing | Residential Real Estate
Financing Receivable, Credit Quality Indicator [Line Items]
Total loans receivable	5,070	4,547
Non-performing | Consumer and Other
Financing Receivable, Credit Quality Indicator [Line Items]
Total loans receivable	$ 1	$ 0

ALLOWANCE FOR LOAN LOSSES AND_8

ALLOWANCE FOR LOAN LOSSES AND CREDIT QUALITY OF FINANCING RECEIVABLES - Impaired Loans (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Recorded Investment
Total	$ 14,263	$ 20,704
Unpaid Principal Balance
Total	13,847	21,883
Related Allowance	716	515
Average Recorded Investment
Total	17,597	15,081
Interest Income Recognized
Total	298	154
Commercial and Industrial
Recorded Investment
With no related allowance recorded	345	0
With an allowance recorded	490	372
Total	835	372
Unpaid Principal Balance
With no related allowance recorded	495	10
With an allowance recorded	491	572
Total	986	582
Related Allowance	353	152
Average Recorded Investment
With no related allowance recorded	184	4
With an allowance recorded	406	195
Total	590	199
Interest Income Recognized
With no related allowance recorded	8	0
With an allowance recorded	7	0
Total	15	0
Construction
Recorded Investment
With no related allowance recorded	250	0
Total	250	0
Unpaid Principal Balance
With no related allowance recorded	250	0
Total	250	0
Related Allowance	0
Average Recorded Investment
With no related allowance recorded	250	21
Total	250	21
Interest Income Recognized
With no related allowance recorded	0	0
Total	0	0
Commercial Real Estate
Recorded Investment
With no related allowance recorded	6,632	13,745
With an allowance recorded	544	2,015
Total	7,176	15,760
Unpaid Principal Balance
With no related allowance recorded	5,790	13,745
With an allowance recorded	498	2,437
Total	6,288	16,182
Related Allowance	296	274
Average Recorded Investment
With no related allowance recorded	10,474	9,774
With an allowance recorded	947	1,291
Total	11,421	11,065
Interest Income Recognized
With no related allowance recorded	170	102
With an allowance recorded	10	4
Total	180	106
Residential Real Estate
Recorded Investment
With no related allowance recorded	5,450	2,790
With an allowance recorded	552	1,782
Total	6,002	4,572
Unpaid Principal Balance
With no related allowance recorded	5,775	2,790
With an allowance recorded	548	2,329
Total	6,323	5,119
Related Allowance	67	89
Average Recorded Investment
With no related allowance recorded	4,831	3,082
With an allowance recorded	505	714
Total	5,336	3,796
Interest Income Recognized
With no related allowance recorded	100	48
With an allowance recorded	3	0
Total	103	48
Consumer and Other
Recorded Investment
With an allowance recorded	0	0
Total	0	0
Unpaid Principal Balance
With an allowance recorded	0	0
Total	0	0
Related Allowance	0	0
Average Recorded Investment
With an allowance recorded	0	0
Total	0	0
Interest Income Recognized
With an allowance recorded	0	0
Total	$ 0	$ 0

ALLOWANCE FOR LOAN LOSSES AND_9

ALLOWANCE FOR LOAN LOSSES AND CREDIT QUALITY OF FINANCING RECEIVABLES - Troubled Debt Restructured On Recorded Investment (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2019USD ($)loan	Dec. 31, 2018USD ($)loan
Financing Receivable, Troubled Debt Restructuring [Line Items]
Total investment in troubled debt	$ 2,524	$ 2,954
Number of Loans | loan	4	1
Pre-Modification Outstanding Recorded Investment		$ 306
Post-Modification Outstanding Recorded Investment	$ 768
Commercial Real Estate
Financing Receivable, Troubled Debt Restructuring [Line Items]
Total investment in troubled debt	811	1,962
Commercial and Industrial
Financing Receivable, Troubled Debt Restructuring [Line Items]
Total investment in troubled debt	$ 166
Number of Loans | loan	1
Pre-Modification Outstanding Recorded Investment	$ 135
Post-Modification Outstanding Recorded Investment	133
Residential Real Estate
Financing Receivable, Troubled Debt Restructuring [Line Items]
Total investment in troubled debt	$ 1,547	$ 992
Residential Real Estate
Financing Receivable, Troubled Debt Restructuring [Line Items]
Number of Loans | loan	3	1
Pre-Modification Outstanding Recorded Investment	$ 636	$ 514
Post-Modification Outstanding Recorded Investment	635	306
Performing
Financing Receivable, Troubled Debt Restructuring [Line Items]
Total investment in troubled debt	1,456	906
Performing | Commercial Real Estate
Financing Receivable, Troubled Debt Restructuring [Line Items]
Total investment in troubled debt	416	431
Performing | Commercial and Industrial
Financing Receivable, Troubled Debt Restructuring [Line Items]
Total investment in troubled debt	131
Performing | Residential Real Estate
Financing Receivable, Troubled Debt Restructuring [Line Items]
Total investment in troubled debt	909	475
Non-performing
Financing Receivable, Troubled Debt Restructuring [Line Items]
Total investment in troubled debt	1,068	2,048
Non-performing | Commercial Real Estate
Financing Receivable, Troubled Debt Restructuring [Line Items]
Total investment in troubled debt	395	1,531
Non-performing | Commercial and Industrial
Financing Receivable, Troubled Debt Restructuring [Line Items]
Total investment in troubled debt	35
Non-performing | Residential Real Estate
Financing Receivable, Troubled Debt Restructuring [Line Items]
Total investment in troubled debt	$ 638	$ 517

ALLOWANCE FOR LOAN LOSSES AN_10

ALLOWANCE FOR LOAN LOSSES AND CREDIT QUALITY OF FINANCING RECEIVABLES - Additional Information (Details)	12 Months Ended
	Dec. 31, 2019USD ($)loan	Dec. 31, 2018USD ($)loan
ALLOWANCE FOR LOAN LOSSES AND CREDIT QUALITY OF FINANCING RECEIVABLES
Number of loans modified by troubled debt restructuring | loan	4	1
Number of loans with subsequent default | loan	0
Foreclosed real estate	$ 3,793,000	$ 4,149,000
Carrying value of collateralized consumer loans	1,630,112,000	1,475,827,000
Troubled debt restructuring amount		306,000
Troubled debt restructuring, charge-offs	$ 0	$ 0

PREMISES AND EQUIPMENT (Compone

PREMISES AND EQUIPMENT (Components Of Premises And Equipment) (Details) - USD ($) $ in Thousands	Dec. 31, 2019	Dec. 31, 2018
Property, Plant and Equipment [Line Items]
Premises and equipment	$ 32,041	$ 31,184
Accumulated depreciation	(12,961)	(11,969)
Property, Plant and Equipment, Net, Total	19,080	19,215
Land and land improvements
Property, Plant and Equipment [Line Items]
Premises and equipment	3,184	3,378
Buildings and building improvements
Property, Plant and Equipment [Line Items]
Premises and equipment	15,775	15,194
Leasehold improvements
Property, Plant and Equipment [Line Items]
Premises and equipment	2,925	3,351
Furniture, fixtures and equipment
Property, Plant and Equipment [Line Items]
Premises and equipment	9,575	8,382
Assets in progress
Property, Plant and Equipment [Line Items]
Premises and equipment	$ 582	$ 879

PREMISES AND EQUIPMENT (Narrati

PREMISES AND EQUIPMENT (Narrative) (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
PREMISES AND EQUIPMENT
Depreciation expense	$ 1.6	$ 1.6

GOODWILL AND OTHER INTANGIBLE_2

GOODWILL AND OTHER INTANGIBLES (Narrative) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 21, 2018	Jan. 04, 2018
Finite-Lived Intangible Assets [Line Items]
Goodwill	$ 27,300	$ 27,300
Core deposits
Finite-Lived Intangible Assets [Line Items]
Amortization	406	247
Insurance Services
Finite-Lived Intangible Assets [Line Items]
Goodwill	2,300
Banking and Financial Services
Finite-Lived Intangible Assets [Line Items]
Goodwill		486
Community Bank of Bergen County Merger
Finite-Lived Intangible Assets [Line Items]
Goodwill		$ 22,300		$ 22,298
Goodwill acquired	22,300
Community Bank of Bergen County Merger | Core deposits
Finite-Lived Intangible Assets [Line Items]
Intangibles	1,300			$ 1,300
Enterprise Bank N.J.
Finite-Lived Intangible Assets [Line Items]
Goodwill	2,200		$ 2,204
Goodwill acquired	2,200
Enterprise Bank N.J. | Core deposits
Finite-Lived Intangible Assets [Line Items]
Intangibles	$ 1,000		$ 1,000

GOODWILL AND OTHER INTANGIBLE_3

GOODWILL AND OTHER INTANGIBLES (Schedule of Estimated Future Amortization Expense) (Details) $ in Thousands	Dec. 31, 2019USD ($)
GOODWILL AND OTHER INTANGIBLES
2020	$ 364
2021	320
2022	277
2023	234
2024	$ 191

DEPOSITS (Components Of Time De

DEPOSITS (Components Of Time Deposits) (Details) - USD ($) $ in Thousands	Dec. 31, 2019	Dec. 31, 2018
DEPOSITS.
Demand, non-interest bearing	$ 258,311	$ 259,807
Savings, money market and interest-bearing demand	713,342	705,258
Time deposits less than $100 thousand	315,702	205,372
Time deposits $100 thousand and over	237,686	183,502
Total deposits	$ 1,525,041	$ 1,353,939

DEPOSITS (Narrative) (Details)

DEPOSITS (Narrative) (Details) - USD ($) $ in Thousands	Dec. 31, 2019	Dec. 31, 2018
DEPOSITS.
Brokered deposits	$ 321,700	$ 188,300
Certificates of deposit of $250,000 or more	118,900	72,200
Bank overdrafts	$ 321	$ 231

DEPOSITS (Schedule Of Maturitie

DEPOSITS (Schedule Of Maturities Of Time Deposits) (Details) $ in Thousands	Dec. 31, 2019USD ($)
DEPOSITS.
Within one year	$ 434,056
One to two years	81,534
Two to three years	28,984
Three to four years	5,493
After four years	3,321
Total time deposits	$ 553,388

BORROWINGS (Narrative) (Details

BORROWINGS (Narrative) (Details) - USD ($)	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Debt Instrument [Line Items]
Residential and commercial mortgage loans pledged	$ 320,300,000
Long-term fixed rate advances	40,100,000
Repayments of principal within one year	$ 16,914,000
Federal funds rate | Minimum
Debt Instrument [Line Items]
Variable rate spread on debt instrument (in percentage)	10.00%
Federal funds rate | Maximum
Debt Instrument [Line Items]
Variable rate spread on debt instrument (in percentage)	30.00%
ACBB
Debt Instrument [Line Items]
Secured borrowing potential	$ 10,000,000
Ability to borrow capacity	10,000,000
FHLBNY
Debt Instrument [Line Items]
Secured borrowing potential	320,300,000
Ability to borrow capacity	143,700,000
Term advances	$ 193,000,000	$ 175,300,000
Weighted average interest rate (in percentage)	1.81%	2.66%

BORROWINGS (Schedule Of Long-Te

BORROWINGS (Schedule Of Long-Term Borrowings) (Details) - USD ($) $ in Thousands	Dec. 31, 2019	Dec. 31, 2018
Debt Instrument [Line Items]
Fair value adjustment on acquired borrowings	$ (21)	$ (144)
Long-term borrowings	$ 40,114	44,611
January 8, 2019
Debt Instrument [Line Items]
Interest Rate	1.68%
Long-term borrowings	$ 0	1,000
February 4, 2019
Debt Instrument [Line Items]
Interest Rate	1.53%
Long-term borrowings	$ 0	5,000
February 8, 2019
Debt Instrument [Line Items]
Interest Rate	1.70%
Long-term borrowings	$ 0	1,000
March 18, 2019
Debt Instrument [Line Items]
Interest Rate	1.45%
Long-term borrowings	$ 0	949
April 8, 2019
Debt Instrument [Line Items]
Interest Rate	1.73%
Long-term borrowings	$ 0	1,170
May 30, 2019
Debt Instrument [Line Items]
Interest Rate	1.91%
Long-term borrowings	$ 0	1,005
May 7, 2019
Debt Instrument [Line Items]
Interest Rate	2.39%
Long-term borrowings	$ 0	1,250
June 12, 2019
Debt Instrument [Line Items]
Interest Rate	1.52%
Long-term borrowings	$ 0	1,000
July 30, 2019
Debt Instrument [Line Items]
Interest Rate	2.19%
Long-term borrowings	$ 0	1,000
August 2, 2019
Debt Instrument [Line Items]
Interest Rate	1.05%
Long-term borrowings	$ 0	2,500
September 30, 2019
Debt Instrument [Line Items]
Interest Rate	2.21%
Long-term borrowings	$ 0	1,000
October 30, 2019
Debt Instrument [Line Items]
Interest Rate	2.22%
Long-term borrowings	$ 0	746
November 8, 2019
Debt Instrument [Line Items]
Interest Rate	2.38%
Long-term borrowings	$ 0	1,000
December 9, 2019
Debt Instrument [Line Items]
Interest Rate	2.39%
Long-term borrowings	$ 0	1,000
January 15, 2020
Debt Instrument [Line Items]
Interest Rate	1.66%
Long-term borrowings	$ 5,000	5,000
March 9, 2020
Debt Instrument [Line Items]
Interest Rate	2.43%
Long-term borrowings	$ 1,000	1,000
May 7, 2020
Debt Instrument [Line Items]
Interest Rate	2.68%
Long-term borrowings	$ 1,045	1,045
May 7, 2020
Debt Instrument [Line Items]
Interest Rate	2.68%
Long-term borrowings	$ 308	308
June 12, 2020
Debt Instrument [Line Items]
Interest Rate	1.69%
Long-term borrowings	$ 741	741
June 15, 2020
Debt Instrument [Line Items]
Interest Rate	2.69%
Long-term borrowings	$ 1,000	1,000
July 14, 2020
Debt Instrument [Line Items]
Interest Rate	2.70%
Long-term borrowings	$ 789	789
July 14, 2020
Debt Instrument [Line Items]
Interest Rate	2.70%
Long-term borrowings	$ 520	520
September 8, 2020
Debt Instrument [Line Items]
Interest Rate	2.51%
Long-term borrowings	$ 680	680
October 5, 2020
Debt Instrument [Line Items]
Interest Rate	1.78%
Long-term borrowings	$ 5,000	5,000
December 23, 2020
Debt Instrument [Line Items]
Interest Rate	2.79%
Long-term borrowings	$ 852	852
January 20, 2021
Debt Instrument [Line Items]
Interest Rate	2.07%
Long-term borrowings	$ 5,000	5,000
March 23, 2021
Debt Instrument [Line Items]
Interest Rate	2.83%
Long-term borrowings	$ 1,200	1,200
June 23, 2021
Debt Instrument [Line Items]
Interest Rate	3.07%
Long-term borrowings	$ 2,000	2,000
July 19, 2022
Debt Instrument [Line Items]
Interest Rate	2.10%
Long-term borrowings	$ 5,000	0
July 19, 2023
Debt Instrument [Line Items]
Interest Rate	2.13%
Long-term borrowings	$ 5,000	0
August 7, 2024
Debt Instrument [Line Items]
Interest Rate	1.81%
Long-term borrowings	$ 5,000	$ 0

BORROWINGS (Schedule Of Maturit

BORROWINGS (Schedule Of Maturities Of Debt) (Details) - USD ($) $ in Thousands	Dec. 31, 2019	Dec. 31, 2018
BORROWINGS
Within one year	$ 16,914
One to two years	8,200
Two to three years	5,000
Three to four years	5,000
Four to five years	5,000
After five years	0
Long-term Debt, Total	$ 40,114	$ 44,611

DERIVATIVES - Narrative (Detail

DERIVATIVES - Narrative (Details)	12 Months Ended
	Dec. 31, 2019USD ($)
Derivative [Line Items]
Termination value for these net liability positions, which includes accrued interest	$ 3,200,000
Hedge ineffectiveness	0
Estimated increase reclassified to interest expense	44,000
Derivative counterparties, posted collateral	$ 3,600,000

DERIVATIVES - Schedule Of Fair

DERIVATIVES - Schedule Of Fair Value of Derivatives (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Derivatives designated as hedging instruments
Derivatives, Fair Value [Line Items]
Notional/ Contract Amount	$ 328,500	$ 113,500
Fair Value	$ (3,202)	$ 1,335
Counterparty Weighted Average Remaining Years	3 years 3 months 18 days	4 years 7 months 6 days
PNC | Derivatives designated as hedging instruments | Other Assets.
Derivatives, Fair Value [Line Items]
Notional/ Contract Amount	$ 12,500	$ 38,500
Fair Value	62	2,114
PNC | Derivatives designated as hedging instruments | Other Liabilities.
Derivatives, Fair Value [Line Items]
Notional/ Contract Amount	66,000	40,000
Fair Value	$ (1,440)	$ (442)
Counterparty Weighted Average Remaining Years	4 years 3 months 18 days	5 years 3 months 18 days
Counterparty Maximum Length Derivative Contract (Years)	7 years	8 years
US Bank | Derivatives designated as hedging instruments | Other Assets.
Derivatives, Fair Value [Line Items]
Notional/ Contract Amount	$ 80,000	$ 0
Fair Value	627	0
US Bank | Derivatives designated as hedging instruments | Other Liabilities.
Derivatives, Fair Value [Line Items]
Notional/ Contract Amount	170,000	35,000
Fair Value	$ (2,450)	$ (337)
Counterparty Weighted Average Remaining Years	3 years 1 month 6 days	3 years 2 months 12 days
Counterparty Maximum Length Derivative Contract (Years)	4 years 9 months	2 years 9 months
Derivative Effective Date June 15, 2017 | Derivatives designated as hedging instruments
Derivatives, Fair Value [Line Items]
Notional/ Contract Amount		$ 0
Fair Value		0
Interest Rate Swaps
Derivatives, Fair Value [Line Items]
Fair Value	$ (3,203)	1,335
Interest Rate Swaps | PNC
Derivatives, Fair Value [Line Items]
Fair Value	(1,380)	1,672
Interest Rate Swaps | US Bank
Derivatives, Fair Value [Line Items]
Fair Value	$ (1,823)	$ (337)

DERIVATIVES - Schedule Of Deriv

DERIVATIVES - Schedule Of Derivative Financial Instruments Designated As Cash Flow Hedges (Details) - Cash flow hedging - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Derivative Instruments, Gain (Loss) [Line Items]
Amount of Gain Recognized in OCI on Derivatives, net of Tax (Effective Portion)	$ (3,172)
Amount of Gain Recognized in OCI on Derivatives, net of Tax (Effective Portion)		$ (82)
Amount of Gain (Loss) Recognized in Income of Derivatives (Ineffective Portion)	0	0
Derivative Effective Date December 15, 2016
Derivative Instruments, Gain (Loss) [Line Items]
Amount of Gain (Loss) Recognized in Income of Derivatives (Ineffective Portion)	0	0
Derivative Effective Date December 15, 2017 Contract 1
Derivative Instruments, Gain (Loss) [Line Items]
Amount of Gain (Loss) Recognized in Income of Derivatives (Ineffective Portion)	0	0
PNC
Derivative Instruments, Gain (Loss) [Line Items]
Amount of Gain Recognized in OCI on Derivatives, net of Tax (Effective Portion)	(2,133)
Amount of Gain Recognized in OCI on Derivatives, net of Tax (Effective Portion)		159
Amount of Gain (Loss) Recognized in Income of Derivatives (Ineffective Portion)	0	0
US Bank
Derivative Instruments, Gain (Loss) [Line Items]
Amount of Gain Recognized in OCI on Derivatives, net of Tax (Effective Portion)	(1,039)
Amount of Gain Recognized in OCI on Derivatives, net of Tax (Effective Portion)		(241)
Amount of Gain (Loss) Recognized in Income of Derivatives (Ineffective Portion)	$ 0	$ 0

DERIVATIVES - Offsetting Deriva

DERIVATIVES - Offsetting Derivatives (Details) - USD ($) $ in Thousands	Dec. 31, 2019	Dec. 31, 2018
Assets:
Derivatives in Asset Position	$ 688	$ 2,114
Cash Collateral Pledged	3,600
Gross Amounts Recognized	(3,890)	(779)
Cash Collateral Pledged	2,100	3,600
Interest Rate Swaps
Assets:
Derivatives in Asset Position	688	2,114
Gross Amounts Recognized	(3,890)	(779)
Net Amounts Presented	(3,203)	1,335
Financial Instruments	0	0
Cash Collateral Pledged	(3,600)	2,460
Net Amount	397	(1,125)
PNC | Interest Rate Swaps
Assets:
Derivatives in Asset Position	61	2,114
Gross Amounts Recognized	(1,440)	(442)
Net Amounts Presented	(1,380)	1,672
Financial Instruments	0	0
Cash Collateral Pledged	(1,550)	2,200
Net Amount	170	(528)
US Bank | Interest Rate Swaps
Assets:
Derivatives in Asset Position	627
Gross Amounts Recognized	(2,450)	(337)
Net Amounts Presented	(1,823)	(337)
Financial Instruments	0	0
Cash Collateral Pledged	(2,050)	260
Net Amount	$ 227	$ (597)

SUBORDINATED DEBENTURES AND M_2

SUBORDINATED DEBENTURES AND MANDATORY REDEEMABLE CAPITAL DEBENTURES (Details) - USD ($)	3 Months Ended	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2019	Dec. 31, 2018	Jun. 28, 2007
Debt Instrument [Line Items]
Notes become redeemable, term	5 years
Capital securities maturity on September 15, 2037
Debt Instrument [Line Items]
Debt issued to investors				$ 12,500,000
Variable rate junior subordinated debentures				$ 12,900,000
Variable rate spread on debt instrument (in percentage)		1.44%
Variable interest rate during the period		3.33%	4.23%
Fixed To Floating Subordinated Notes
Debt Instrument [Line Items]
Debt issued to investors	$ 15,000,000
Variable rate spread on debt instrument (in percentage)	350.00%
Interest Rate	5.75%
Debt Instrument, Frequency of Periodic Payment	The subordinated notes have a maturity date of December 22, 2026 and bear interest at the rate of 5.75% per annum, payable quarterly, for the first five years of the term, and then at a variable rate that will reset quarterly to a level equal to the then current 3-month LIBOR plus 350 basis points over the remainder of the term.

RIGHT OF USE ASSET AND LEASE _3

RIGHT OF USE ASSET AND LEASE LIABILITY - Narrative (Details)	12 Months Ended
	Dec. 31, 2019
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Renewal term	5 years
Minimum
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Remaining lease term	1 year
Maximum
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Remaining lease term	20 years

RIGHT OF USE ASSET AND LEASE _4

RIGHT OF USE ASSET AND LEASE LIABILITY - Lease Costs (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2019USD ($)
RIGHT OF USE ASSET AND LEASE LIABILITY
Operating lease expense	$ 639
Short term lease expense	445
Total lease expense	$ 1,084

RIGHT OF USE ASSET AND LEASE _5

RIGHT OF USE ASSET AND LEASE LIABILITY - Supplemental Balance Sheet (Details) $ in Thousands	Dec. 31, 2019USD ($)
RIGHT OF USE ASSET AND LEASE LIABILITY
Right-of-use assets, net	$ 4,644
Operating Lease, Right-of-Use Asset, Statement of Financial Position [Extensible List]	Right-of-use assets, net
Lease liabilities	$ 4,727
Operating Lease, Liability, Statement of Financial Position [Extensible List]	Operating Lease, Liability, Noncurrent
Weighted-average remaining lease term	10 years 2 months 12 days
Weighted-average discount rate	3.09%

RIGHT OF USE ASSET AND LEASE _6

RIGHT OF USE ASSET AND LEASE LIABILITY - Supplemental Cash Flow Information (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2019USD ($)
RIGHT OF USE ASSET AND LEASE LIABILITY
Cash paid for amounts included in the measurement of lease liabilities	$ 626
ROU assets obtained in exchange for lease obligations	$ 613

RIGHT OF USE ASSET AND LEASE _7

RIGHT OF USE ASSET AND LEASE LIABILITY - Maturities of Lease Liabilities (Details) $ in Thousands	Dec. 31, 2019USD ($)
RIGHT OF USE ASSET AND LEASE LIABILITY
2020	$ 654
2021	548
2022	569
2023	571
2024	574
Thereafter	2,671
Total lease payments	5,587
Less imputed interest	(860)
Total	$ 4,727

EMPLOYEE BENEFIT PLANS (Details

EMPLOYEE BENEFIT PLANS (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Deferred Compensation Arrangement with Individual, Share-based Payments [Line Items]
Shares held by Rabbi Trust (in shares)	88,901	99,029
SERP
Deferred Compensation Arrangement with Individual, Share-based Payments [Line Items]
Carrying value of deferred compensation	$ 643	$ 535
Period over which benefits will be paid	5 years
SERP | Treasury Notes
Deferred Compensation Arrangement with Individual, Share-based Payments [Line Items]
Period over which benefits will be paid	10 years
Supplemental Plans
Deferred Compensation Arrangement with Individual, Share-based Payments [Line Items]
Salary Continuation Plan charged to expense	$ 33	25
Carrying value of deferred compensation	445	542
Incentive Plan
Deferred Compensation Arrangement with Individual, Share-based Payments [Line Items]
Carrying value of deferred compensation	266	234
DCA
Deferred Compensation Arrangement with Individual, Share-based Payments [Line Items]
Carrying value of deferred compensation	$ 54	25
Maximum earnings rate on deferred compensation, percentage of stock price	10.00%
Period over which benefits will be paid	10 years
Shares held by Rabbi Trust (in shares)	88,901
401 (k) Plan
Deferred Compensation Arrangement with Individual, Share-based Payments [Line Items]
Maximum annual salary contribution for non-highly compensated employees	75.00%
Maximum annual salary contribution for highly compensated employees	7.00%
Employer's percentage match of employee's match percentage	50.00%
Percentage of employee's annual salary that is matched by the employer	6.00%
Amount charged to expense under 401(k) plan	$ 311	$ 240

COMPREHENSIVE INCOME AND ACCU_3

COMPREHENSIVE INCOME AND ACCUMULATED OTHER COMPREHENSIVE INCOME - Components (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Accumulated other comprehensive (loss) income, net of tax
Beginning balance	$ 185,444	$ 94,193
Net current period other comprehensive income, net of tax	(1,343)	(1,554)
Ending balance	199,229	185,444
Reclassification adjustments for gains (loss) on securities transactions	2,100	36
Accumulated Other Comprehensive Income
Accumulated other comprehensive (loss) income, net of tax
Beginning balance	(167)	1,387
Other comprehensive (loss) income before reclassification, net of tax	51	(1,543)
Amounts reclassified from accumulated other comprehensive income (loss), net of tax	(1,394)	(11)
Net current period other comprehensive income, net of tax	(1,343)	(1,554)
Ending balance	(1,510)	(167)
Unrealized gains (losses) on available for sale securities
Accumulated other comprehensive (loss) income, net of tax
Beginning balance	(1,150)	329
Other comprehensive (loss) income before reclassification, net of tax	3,267	(1,454)
Amounts reclassified from accumulated other comprehensive income (loss), net of tax	(1,437)	(25)
Net current period other comprehensive income, net of tax	1,830	(1,479)
Ending balance	680	(1,150)
Unrealized gains (losses) on derivatives
Accumulated other comprehensive (loss) income, net of tax
Beginning balance	975	1,058
Other comprehensive (loss) income before reclassification, net of tax	(3,216)	(97)
Amounts reclassified from accumulated other comprehensive income (loss), net of tax	43	14
Net current period other comprehensive income, net of tax	(3,173)	(83)
Ending balance	(2,198)	975
Retirement benefit plan
Accumulated other comprehensive (loss) income, net of tax
Beginning balance	8
Other comprehensive (loss) income before reclassification, net of tax		8
Net current period other comprehensive income, net of tax		8
Ending balance	$ 8	$ 8

COMPREHENSIVE INCOME AND ACCU_4

COMPREHENSIVE INCOME AND ACCUMULATED OTHER COMPREHENSIVE INCOME - Other Components Of Accumulated Other Comprehensive Income (Details) - USD ($) $ in Thousands	Dec. 31, 2019	Dec. 31, 2018
COMPREHENSIVE INCOME AND ACCUMULATED OTHER COMPREHENSIVE INCOME
Unrealized gain (loss) on available for sale investments	$ 665	$ (1,152)
Unrealized gain on derivative instruments	(2,182)	977
Unrealized gain on retirement benefits	7	8
Accumulated Other Comprehensive Income (Loss), Net of Tax, Total	$ (1,510)	$ (167)

EARNINGS PER SHARE (Details)

EARNINGS PER SHARE (Details) - USD ($) $ / shares in Units, $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
EARNINGS PER SHARE
Shares outstanding (weighted average) (in shares)	9,349,907	7,874,676
Shares held by Rabbi Trust (in shares)	88,901	99,029
Shares liability under deferred compensation agreement (in shares)	(88,901)	(99,029)
Basic earnings per share:
Net earnings applicable to common stockholders	$ 22,543	$ 9,923
Basic earnings per share (in shares)	9,349,907	7,874,676
Basic (in dollars per share)	$ 2.41	$ 1.26
Effect of dilutive securities:
Unexercised stock awards (in shares)	31,670	46,593
Diluted earnings per share:
Net income applicable to common stockholders and assumed conversions	$ 22,543	$ 9,923
Diluted earnings per share (in shares)	9,381,577	7,921,269
Diluted earnings per share (in dollars per share)	$ 2.40	$ 1.25
Shares of common stock outstanding not included in the computation of diluted EPS (in shares)	50,045	13,317

STOCK INCENTIVE PLANS - Narrati

STOCK INCENTIVE PLANS - Narrative (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Options exercised (in shares)	5,000	0
Intrinsic value of stock options exercised	$ 161
Options forfeited (in shares)	5,077	0
Options granted (in shares)	0	0
Stock options expected future expense	$ 16
Unrecognized compensation expense for non-vested restricted stock	1,800	$ 1,600
Restricted stock awards expense	1,000	767
Stock options
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock-based compensation expense	$ 33	$ 49
Unrecognized compensation expense (in years)	4 months 24 days
Restricted stock
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Unrecognized compensation expense (in years)	3 years 7 months 6 days	2 years 1 month 6 days
Plan 2004 Stock Option
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share available for future grants (in shares)	0
Plan 2013 Stock Option
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share available for future grants (in shares)	15,898
Plan 2019 Stock Option
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share available for future grants (in shares)	269,387
Maximum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock option grants, maximum term (in years)	10 years

STOCK INCENTIVE PLANS (Summary

STOCK INCENTIVE PLANS (Summary Of Information Regarding Restricted Stock Activity) (Details) - $ / shares	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Number of Shares
Unvested restricted stock, beginning of year (in shares)	97,465	85,761
Granted (in shares)	74,670	50,045
Forfeited (in shares)	(18,412)	(4,148)
Vested (in shares)	(41,050)	(34,193)
Unvested restricted stock, end of period (in shares)	112,673	97,465
Weighted Average Grant Date Fair Value
Unvested restricted stock, beginning of year (in dollars per share)	$ 24.45	$ 18.34
Granted (in dollars per share)	21.96	28.85
Forfeited (in dollars per share)	24.38	17.66
Vested (in dollars per share)	22.26	16.39
Unvested restricted stock, end of period (in dollars per share)	$ 23.60	$ 24.45
Minimum
Weighted Average Grant Date Fair Value
Vesting period (in years)	3 years	3 years

STOCK INCENTIVE PLANS (Summar_2

STOCK INCENTIVE PLANS (Summary Of Information Regarding Stock Option Plans) (Details) - USD ($)	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Number of Shares
Options outstanding, beginning of year (in shares)	69,123	69,123
Options granted (in shares)	0	0
Options expired (in shares)	(5,077)	0
Options forfeited (in shares)	(14,304)
Options exercised (in shares)	(5,000)	0
Options outstanding, end of year (in shares)	49,742	69,123
Options exercisable, end of year (in shares)	40,349
Weighted Average Exercise Price per Share
Options outstanding, beginning of year (in dollars per share)	$ 11.10	$ 11.10
Options granted (in dollars per share)	0	0
Options expired (in dollars per share)	11.37	0
Options forfeited (in dollars per share)	11.37
Options exercised (in dollars per share)		0
Options outstanding, end of year (in dollars per share)	11.17	$ 11.10
Options exercisable, end of year (in dollars per share)	$ 10.87
Share-based Compensation Arrangement by Share-based Payment Award, Options, Additional Disclosures [Abstract]
Weighted Average Contractual Term, Outstanding, end of year	5 years 4 months 24 days
Weighted Average Contractual Term, Exercisable, end of year	5 years 3 months 18 days
Aggregate Intrinsic Value, Outstanding, end of year	$ 683,998
Aggregate Intrinsic Value, Exercisable, end of year	$ 567,067

STOCK INCENTIVE PLANS (Summar_3

STOCK INCENTIVE PLANS (Summary Of Stock Options Outstanding By Exercise Price) (Details)	12 Months Ended
	Dec. 31, 2019$ / sharesshares
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items]
Number Outstanding (in shares)	49,742
Weighted Average Remaining Life (Years)	5 years 4 months 24 days
Number Exercisable (in shares)	40,349
Exercise Price $9.97
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items]
Exercise Price (in dollars per share) | $ / shares	$ 9.97
Number Outstanding (in shares)	23,000
Weighted Average Remaining Life (Years)	4 years 10 months 24 days
Number Exercisable (in shares)	23,000
Exercise Price $10.25
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items]
Exercise Price (in dollars per share) | $ / shares	$ 10.25
Number Outstanding (in shares)	6,526
Weighted Average Remaining Life (Years)	5 years 1 month 6 days
Number Exercisable (in shares)	5,220
Exercise Price $12.63
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items]
Exercise Price (in dollars per share) | $ / shares	$ 12.83
Number Outstanding (in shares)	20,216
Weighted Average Remaining Life (Years)	6 years 2 months 12 days
Number Exercisable (in shares)	12,129

INCOME TAXES (Components Of Inc

INCOME TAXES (Components Of Income Tax Expense) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Current:
Federal	$ 5,197	$ 2,112
State	2,461	1,393
Total current income tax expense	7,658	3,505
Deferred:
Federal	187	(51)
State	(749)	(395)
Total deferred income tax expense	(562)	(446)
Income Tax Expense (Benefit), Total	$ 7,096	$ 3,059

INCOME TAXES (Narrative) (Detai

INCOME TAXES (Narrative) (Details)	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
INCOME TAXES
Federal income tax at statutory rate	21.00%	21.00%

INCOME TAXES (Schedule Of Effec

INCOME TAXES (Schedule Of Effective Income Tax Rate Reconciliation) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Effective Income Tax Rate Reconciliation, Amount [Abstract]
Federal income tax at statutory rate	$ 6,224	$ 2,726
Tax exempt interest	(223)	(371)
State income tax, net of federal income tax effect	1,352	788
Bank owned life insurance	(195)	(160)
M&A expenses	0	171
Other	(62)	(95)
Income Tax Expense (Benefit), Total	$ 7,096	$ 3,059
Effective Income Tax Rate Reconciliation, Percent [Abstract]
Federal income tax at statutory rate	21.00%	21.00%
Tax exempt interest	(1.00%)	(3.00%)
State income tax, net of federal income tax effect	5.00%	6.00%
Bank owned life insurance	(1.00%)	(1.00%)
M&A expenses	(0.00%)	1.00%
Other	0.00%
Effective income tax rate	24.00%	24.00%

INCOME TAXES (Components Of Net

INCOME TAXES (Components Of Net Deferred Tax Asset) (Details) - USD ($) $ in Thousands	Dec. 31, 2019	Dec. 31, 2018
Deferred tax assets:
Allowance for loan losses	$ 2,654	$ 2,069
Deferred compensation	500	462
Deferred fees	0	0
Foreclosed real estate	38	99
Restricted stock	300	258
Depreciation	303	0
Prepaid expenses	13	0
Purchase accounting	772	0
Unrealized loss on securities available for sale	0	401
Unrealized loss on interest rate swaps	1,007	0
Other	1,280	759
Total deferred tax assets	6,867	4,048
Deferred tax liabilities:
Depreciation	0	(26)
Prepaid expenses	0	(66)
Purchase accounting	0	(51)
Unrealized gain on retirement benefit plan	(3)	(3)
Unrealized gain on securities, available for sale	(328)	0
Unrealized gain on interest rate swaps	0	(358)
Total deferred tax asset (liabilities)	(331)	(504)
Net deferred tax asset, included in other assets	$ 6,536	$ 3,544

TRANSACTIONS WITH EXECUTIVE O_3

TRANSACTIONS WITH EXECUTIVE OFFICERS, DIRECTORS AND PRINCIPAL STOCKHOLDERS (Schedule Of Related Party Loan Activity) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Loans and Leases Receivable, Related Parties [Roll Forward]
Balance, beginning	$ 28,923	$ 21,564
Disbursements	603	9,852
Repayments and other	(10,861)	(2,493)
Balance, ending	$ 18,665	$ 28,923

TRANSACTIONS WITH EXECUTIVE O_4

TRANSACTIONS WITH EXECUTIVE OFFICERS, DIRECTORS AND PRINCIPAL STOCKHOLDERS (Narrative) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Related Party Transaction [Line Items]
Deposits	$ 1,525,041	$ 1,353,939
Legal services
Related Party Transaction [Line Items]
Expenses from related parties	93	39
Appraisal services
Related Party Transaction [Line Items]
Expenses from related parties	45	9
Rent expense
Related Party Transaction [Line Items]
Expenses from related parties	155	152
Certain executive officers, directors and their affiliates
Related Party Transaction [Line Items]
Deposits	$ 20,000	$ 45,500

FINANCIAL INSTRUMENTS WITH OF_3

FINANCIAL INSTRUMENTS WITH OFF-BALANCE SHEET RISK (Details) - USD ($) $ in Thousands	Dec. 31, 2019	Dec. 31, 2018
Commitments to grant loans
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Financial instrument commitments	$ 134,140	$ 87,722
Unfunded commitments under lines of credit
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Financial instrument commitments	199,872	184,523
Outstanding standby letters of credit
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Financial instrument commitments	$ 2,149	$ 1,376

REVENUE RECOGNITION (Details)

REVENUE RECOGNITION (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Disaggregation of Revenue [Line Items]
Bank-owned life insurance	$ 931	$ 761
Investment brokerage fees	134	104
Net gain on sales of securities	2,055	36
Net (loss) gain on sale and disposal of premises and equipment	(334)	9
Total Non-Interest Income	14,345	10,749
Service fees on deposit accounts
Disaggregation of Revenue [Line Items]
Revenue	1,403	1,290
ATM and debit card fees
Disaggregation of Revenue [Line Items]
Revenue	1,075	983
Insurance commissions and fees
Disaggregation of Revenue [Line Items]
Revenue	8,017	6,640
Other
Disaggregation of Revenue [Line Items]
Revenue	$ 1,064	$ 926

STOCKHOLDERS' EQUITY, CAPITAL_3

STOCKHOLDERS' EQUITY, CAPITAL AND REGULATORY MATTERS (Narrative) (Details) - USD ($) $ / shares in Units, $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2017	Dec. 31, 2018
Compliance with Regulatory Capital Requirements under Banking Regulations [Line Items]
Offering price per share (in dollars per share)		$ 24
Option period to purchase additional shares		30 days
Offering expenses incurred		$ 470
Cash reserve balance required	$ 1,300
Common equity tier I capital (to average assets), For Capital Adequacy Purposes, Ratio	7.00%		6.38%
Tier I capital to risk-weighted assets, For Capital Purposes, Ratio	8.50%		7.88%
Total capital to risk-weighted assets, For Capital Purposes, Ratio	10.50%		9.88%
Tier I capital to average assets, For Capital Purposes, Ratio	4.00%		4.00%
Dividend payment restriction on minimum capital stock surplus	50.00%
Funds available for payment of dividends	$ 216,500
Amount of equity in net assets of the bank that is restricted	$ 4,400
Public Stock Offering
Compliance with Regulatory Capital Requirements under Banking Regulations [Line Items]
Shares sold in offering (in shares)		1,136,363
Net proceeds from public offering after deducting underwriting discounts and commissions		$ 28,000
Over-Allotment Option
Compliance with Regulatory Capital Requirements under Banking Regulations [Line Items]
Shares sold in offering (in shares)		113,636

STOCKHOLDERS' EQUITY, CAPITAL_4

STOCKHOLDERS' EQUITY, CAPITAL AND REGULATORY MATTERS (Schedule Of Actual Capital Amounts) (Details) - USD ($) $ in Thousands	Dec. 31, 2019	Dec. 31, 2018
STOCKHOLDERS' EQUITY, CAPITAL AND REGULATORY MATTERS
Total capital, Actual, Amount	$ 205,317	$ 188,647
Total capital to risk-weighted assets, Actual, Ratio	12.27%	12.94%
Total capital, For Capital Purposes, Amount	$ 175,748	$ 143,984
Total capital to risk-weighted assets, For Capital Purposes, Ratio	10.50%	9.88%
Total capital, To be Well under Corrective Provisions, Amount	$ 167,379	$ 145,733
Total capital to risk-weighted assets, To be Well under Corrective Provisions, Ratio	10.00%	10.00%
Tier I capital, Actual, Amount	$ 195,050	$ 179,872
Tier I capital to risk-weighted assets, Actual, Ratio	11.65%	12.34%
Tier I capital, For Capital Purposes, Amount	$ 142,272	$ 114,837
Tier I capital to risk-weighted assets, For Capital Purposes, Ratio	8.50%	7.88%
Tier I capital, To be Well under Corrective Provisions, Amount	$ 133,903	$ 116,586
Tier I capital to risk-weighted assets, To be Well under Corrective Provisions, Ratio	8.00%	8.00%
Common equity tier I capital (to average assets), Actual, Amount	$ 195,050	$ 179,872
Common equity tier I capital (to average assets), Actual, Ratio	11.65%	12.34%
Common equity tier I capital (to average assets), For Capital Adequacy Purposes, Amount	$ 117,166	$ 92,977
Common equity tier I capital (to average assets), For Capital Adequacy Purposes, Ratio	7.00%	6.38%
Common equity tier I capital (to average assets), To be Well Capitalized, Amount	$ 108,797	$ 94,726
Common equity tier I capital (to average assets), To be Well Capitalized, Ratio	6.50%	6.50%
Tier I capital, Actual, Amount	$ 195,050	$ 179,872
Tier I capital to average assets, Actual, Ratio	10.16%	12.06%
Tier I capital, For Capital Purposes, Amount	$ 76,796	$ 59,673
Tier I capital to average assets, For Capital Purposes, Ratio	4.00%	4.00%
Tier I capital, To be Well under Corrective Provisions, Amount	$ 95,995	$ 74,591
Tier I capital to average assets, To be Well under Corrective Provisions, Ratio	5.00%	5.00%

PARENT COMPANY ONLY FINANCIAL_2

PARENT COMPANY ONLY FINANCIAL (Balance Sheets) (Details) - USD ($) $ in Thousands	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Assets
Interest-bearing deposits with other banks	$ 34,161	$ 14,910
Total Assets	2,001,657	1,795,703
Liabilities and Stockholders' Equity
Subordinated Notes	27,869	27,859
Stockholders' equity	199,229	185,444	$ 94,193
Total Liabilities and Stockholders' Equity	2,001,657	1,795,703
Parent Company
Assets
Cash	38	80
Interest-bearing deposits with other banks	396	248
Investment in subsidiary	222,901	209,037
Accrued interest and other assets	3,843	3,995
Total Assets	227,178	213,360
Liabilities and Stockholders' Equity
Other liabilities	80	58
Subordinated Notes	27,869	27,859
Stockholders' equity	199,229	185,443
Total Liabilities and Stockholders' Equity	$ 227,178	$ 213,360

PARENT COMPANY ONLY FINANCIAL_3

PARENT COMPANY ONLY FINANCIAL (Statements Of Income And Comprehensive Income) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Condensed Income Statements, Captions [Line Items]
Income before Income Taxes	$ 29,639	$ 12,982
Income tax benefit	(7,096)	(3,059)
Net Income	22,543	9,923
Comprehensive income	21,200	8,369
Parent Company
Condensed Income Statements, Captions [Line Items]
Dividend received from subsidiaries	9,075	2,803
Other income	1	0
Interest Expense, Long-term Debt	12	15
Interest expense on debentures	(1,265)	(1,263)
Other expenses	(301)	(280)
Income before Income Taxes	7,498	1,245
Income tax benefit	330	305
Income (loss) before equity in undistributed net income of subsidiaries	7,828	1,550
Equity in undistributed net income of subsidiaries	14,715	8,373
Net Income	22,543	9,923
Comprehensive income	$ 21,200	$ 8,369

PARENT COMPANY ONLY FINANCIAL_4

PARENT COMPANY ONLY FINANCIAL (Statements Of Cash Flows) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Cash Flows from Operating Activities
Net Income	$ 22,543	$ 9,923
Adjustments to reconcile net income to net cash provided by operating activities:
Amortization of subordinated debenture	10	11
Net Cash Provided by Operating Activities	26,399	16,203
Cash Flows from Investing Activities
Net Cash Used in Investing Activities	(184,911)	(162,328)
Cash Flows from Financing Activities
Cash dividends paid	(3,029)	(2,263)
Purchase of treasury stock	(5,446)	0
Net Cash Provided by Financing Activities	175,834	161,157
Net increase in Cash and Cash Equivalents	17,322	15,032
Cash and Cash Equivalents - Beginning	26,678	11,646
Cash and Cash Equivalents - Ending	44,000	26,678
Parent Company
Cash Flows from Operating Activities
Net Income	22,543	9,923
Adjustments to reconcile net income to net cash provided by operating activities:
Amortization of subordinated debenture	10	11
Net change in other assets and liabilities	595	435
Equity in undistributed net income of subsidiaries	(14,715)	(8,373)
Net Cash Provided by Operating Activities	8,433	1,996
Cash Flows from Investing Activities
Capital contribution from to subsidiaries	0	0
Net Cash Used in Investing Activities	0	0
Cash Flows from Financing Activities
Cash dividends paid	(3,029)	(2,263)
Common stock issued	(314)	0
Purchase of treasury stock	(5,132)	0
Net Cash Provided by Financing Activities	(8,475)	(2,263)
Net increase in Cash and Cash Equivalents	(42)	(267)
Cash and Cash Equivalents - Beginning	80	347
Cash and Cash Equivalents - Ending	$ 38	$ 80