SB One Bancorp (SBBX) 10-Q 11 May 20 2020 Q1 Quarterly report Financial data

Document And Entity Information

Document And Entity Information - shares	3 Months Ended
	Mar. 31, 2020	May 04, 2020
Document And Entity Information [Abstract]
Document Type	10-Q
Document Period End Date	Mar. 31, 2020
Entity Registrant Name	SB ONE BANCORP
Entity Central Index Key	0001028954
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Accelerated Filer
Entity Small Business	true
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		9,432,466
Current Fiscal Year End Date	--12-31
Document Fiscal Period Focus	Q1
Document Fiscal Year Focus	2020
Amendment Flag	false

CONSOLIDATED BALANCE SHEETS (Un

CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($) $ in Thousands	Mar. 31, 2020	Dec. 31, 2019
ASSETS
Cash and due from banks	$ 12,377	$ 9,525
Interest-bearing deposits with other banks	27,928	34,161
Cash and cash equivalents	40,305	43,686
Interest bearing time deposits with other banks	200	200
Securities available for sale, at fair value	232,205	212,181
Securities held to maturity, at amortized cost (fair value of $6,399 and $4,083 at March 31, 2020 and December 31, 2019, respectively)	6,339	4,012
Other Bank Stock, at cost	12,487	12,498
Loans receivable, net of unearned income	1,685,138	1,628,846
Less: allowance for loan losses	10,867	10,267
Net loans receivable	1,674,271	1,618,579
Foreclosed real estate	3,097	3,793
Premises and equipment, net	19,055	19,080
Right-of-use assets, net	4,535	4,644
Accrued interest receivable	6,856	6,175
Goodwill and intangibles	28,948	29,039
Bank-owned life insurance	36,936	37,209
Other assets	15,002	10,561
Total Assets	2,080,236	2,001,657
Deposits:
Non-interest bearing	285,857	258,311
Interest bearing	1,312,694	1,266,730
Total deposits	1,598,551	1,525,041
Short-term borrowings	196,145	193,000
Long-term borrowings	34,127	40,114
Lease liability	4,676	4,727
Accrued interest payable and other liabilities	23,952	11,677
Subordinated debentures	27,871	27,869
Total Liabilities	1,885,322	1,802,428
Stockholders' Equity:
Preferred stock, no par value, 1,000,000 shares authorized; none issued	0	0
Common stock, no par value, 15,000,000 shares authorized; 9,649,140 and 9,589,201 shares issued and 9,417,933 and 9,357,994 shares outstanding at March 31, 2020 and December 31, 2019, respectively	151,543	151,165
Treasury stock, at cost; 231,207 shares at March 31, 2020 and December 31, 2019, respectively	(5,132)	(5,132)
Deferred compensation obligation under Rabbi Trust	1,882	1,852
Retained earnings	59,037	54,706
Accumulated other comprehensive (loss)	(10,534)	(1,510)
Stock held by Rabbi Trust	(1,882)	(1,852)
Total Stockholders' Equity	194,914	199,229
Total Liabilities and Stockholders' Equity	$ 2,080,236	$ 2,001,657

CONSOLIDATED BALANCE SHEETS (_2

CONSOLIDATED BALANCE SHEETS (Unaudited) (Parenthetical) - USD ($) $ in Thousands	Mar. 31, 2020	Dec. 31, 2019
CONSOLIDATED BALANCE SHEETS (Unaudited)
Securities held to maturity, fair value	$ 6,399	$ 4,083
Preferred Stock, No Par Value	$ 0	$ 0
Preferred stock authorized (in shares)	1,000,000	1,000,000
Preferred stock issued (in shares)	0	0
Common Stock, No Par Value	$ 0	$ 0
Common stock authorized (in shares)	15,000,000	15,000,000
Common stock issued (in shares)	9,649,140	9,589,201
Common stock outstanding (in shares)	9,417,933	9,357,994
Treasury stock (in shares)	231,207	231,207

CONSOLIDATED STATEMENTS OF INCO

CONSOLIDATED STATEMENTS OF INCOME AND COMPREHENSIVE INCOME (Unaudited) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
INTEREST INCOME
Loans receivable, including fees	$ 19,330	$ 18,160
Securities:
Taxable	1,508	1,175
Tax-exempt	119	448
Interest bearing deposits	20	49
Total Interest Income	20,977	19,832
INTEREST EXPENSE
Deposits	4,340	3,864
Borrowings	1,141	1,214
Subordinated debentures	316	315
Total Interest Expense	5,797	5,393
Net Interest Income	15,180	14,439
PROVISION FOR LOAN LOSSES	879	571
Net Interest Income after Provision for Loan Losses	14,301	13,868
NON -INTEREST INCOME
Bank-owned life insurance	228	230
Investment brokerage fees	15	56
Total Non-Interest Income	3,681	3,633
NON-INTEREST EXPENSES
Salaries and employee benefits	6,770	6,130
Occupancy, net	879	779
Data processing	1,054	940
Furniture and equipment	318	318
Advertising and promotion	112	132
Professional fees	443	462
Director fees	177	145
FDIC assessment	252	166
Insurance	32	30
Stationary and supplies	91	84
Merger-related expenses	315	0
Loan collection costs	75	120
Net expenses and write-downs related to foreclosed real estate	90	65
Amortization of intangible assets	91	102
Other	668	705
Total Non-Interest Expenses	11,367	10,178
Income before Income Taxes	6,615	7,323
EXPENSE FOR INCOME TAXES	1,487	1,500
Net Income	5,128	5,823
OTHER COMPREHENSIVE INCOME:
Unrealized gain (loss) on available for sale securities arising during the period	1,073	2,912
Fair value adjustments on derivatives	(13,933)	(1,734)
Income tax related to items of other comprehensive income	3,836	(302)
Other comprehensive (loss), net of income taxes	(9,024)	876
Comprehensive income	$ (3,896)	$ 6,699
EARNINGS PER SHARE
Basic (in dollars per share)	$ 0.55	$ 0.62
Diluted (in dollars per share)	$ 0.55	$ 0.62
Service fees on deposit accounts
NON -INTEREST INCOME
Revenue from contract with customer	$ 319	$ 330
ATM and debit card fees
NON -INTEREST INCOME
Revenue from contract with customer	245	231
Insurance commissions and fees
NON -INTEREST INCOME
Revenue from contract with customer	2,598	2,562
Other
NON -INTEREST INCOME
Revenue from contract with customer	$ 276	$ 224

CONSOLIDATED STATEMENTS OF STOC

CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY (Unaudited) - 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, 2018	$ 150,419	$ 1,647	$ 35,192	$ (167)	$ (1,647)	$ 0	$ 185,444
Beginning balance (in shares) at Dec. 31, 2018	9,532,943
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net Income			5,823				5,823
Other comprehensive income (loss)				876			876
Funding of Supplemental Director Retirement Plan		42			(42)
Treasury shares purchased						(1,926)	(1,926)
Treasury shares purchased (in shares)	(88,091)
Restricted stock granted (in shares)	41,832
Restricted stock forfeited (in shares)	(15,954)
Compensation expense related to stock option and restricted stock grants	$ 190						190
Dividends declared on common stock			(712)				(712)
Ending balance at Mar. 31, 2019	$ 150,609	1,689	40,303	709	(1,689)	(1,926)	189,695
Ending balance (in shares) at Mar. 31, 2019	9,470,730
Beginning balance at Dec. 31, 2019	$ 151,165	1,852	54,706	(1,510)	(1,852)	(5,132)	$ 199,229
Beginning balance (in shares) at Dec. 31, 2019	9,357,994						9,357,994
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net Income			5,128				$ 5,128
Other comprehensive income (loss)				(9,024)			(9,024)
Funding of Supplemental Director Retirement Plan		30			(30)
Restricted stock granted (in shares)	59,939
Compensation expense related to stock option and restricted stock grants	$ 378						378
Dividends declared on common stock			(797)				(797)
Ending balance at Mar. 31, 2020	$ 151,543	$ 1,882	$ 59,037	$ (10,534)	$ (1,882)	$ (5,132)	$ 194,914
Ending balance (in shares) at Mar. 31, 2020	9,417,933						9,417,933

CONSOLIDATED STATEMENTS OF ST_2

CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY (Unaudited) (Parenthetical) - $ / shares	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY (Unaudited)
Dividends declared (in dollars per share)	$ 0.15	$ 0.75

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Cash Flows from Operating Activities
Net income	$ 5,128	$ 5,823
Adjustments to reconcile net income to net cash provided by operating activities:
Provision for loan losses	879	571
Depreciation and amortization	479	537
Net amortization of securities premiums and discounts	313	501
Amortization of subordinated debt issuance costs	2	3
Net realized (gain) on sale of foreclosed real estate	(54)	9
Write-downs of and provisions for foreclosed real estate	51	6
Deferred income tax (benefit)	(257)	(1,534)
Earnings on bank-owned life insurance	(228)	(230)
Compensation expense for stock options and restricted stock grants	378	191
Decrease (increase) in assets:
Accrued interest receivable	(681)	(43)
Other assets	(132)	(1,556)
Increase in accrued interest payable and other liabilities	(1,815)	(454)
Net Cash Provided by Operating Activities	4,063	3,824
Securities available for sale:
Purchases	(22,903)	(9,565)
Maturities, calls and principal repayments	3,645	2,072
Securities held to maturity:
Purchases	(2,534)	(200)
Maturities, calls and principal repayments	200	239
Net (increase) in loans	(56,571)	(39,026)
Proceeds from the sale of foreclosed real estate	699	893
Purchases of bank premises and equipment	(363)	(678)
Payback of bank owned life insurance	501	0
Net (increase) in other bank stock	11	2,417
Net Cash Used in Investing Activities	(77,315)	(43,848)
Cash Flows from Financing Activities
Net increase in deposits	73,510	107,385
Net increase (decrease) in short-term borrowed funds	3,145	(60,495)
Proceeds from long-term borrowings	13	46
Repayment of long-term borrowings	(6,000)	(7,949)
Purchase of treasury stock	0	(1,926)
Dividends paid	(797)	(712)
Net Cash Provided by Financing Activities	69,871	36,349
Net increase in Cash and Cash Equivalents	(3,381)	(3,675)
Cash and Cash Equivalents - Beginning	43,686	26,678
Cash and Cash Equivalents - Ending	40,305	23,003
Supplementary Cash Flows Information
Interest paid	5,594	5,252
Income taxes paid	5,498	$ 96
Operating Leases
Operating lease right-of-use asset, net	4,535
Operating lease liability	$ 4,676

SUMMARY OF SIGNIFICANT ACCOUNTI

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	3 Months Ended
	Mar. 31, 2020
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	NOTE 1 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Basis of Presentation The accompanying unaudited consolidated financial statements include the accounts of SB One Bancorp, (“we,” “us,” “our” or the “Company”) and our wholly owned subsidiary SB One Bank (the “Bank”). The Bank’s wholly owned subsidiaries are SCB Investment Company, Inc., SCBNY Company, Inc., ClassicLake Enterprises, LLC, GFR Maywood, LLC, PPD Holding Company, LLC, Community Investing Company, Inc., 490 Boulevard Realty Corp., and SB One Insurance Agency Inc. ("SB One Insurance Agency"), a full service insurance agency located in Sussex County, New Jersey with a satellite office located in Bergen County, New Jersey. SB One Insurance Agency’s operations are considered a separate segment for financial disclosure purposes. All inter-company transactions and balances have been eliminated in consolidation. The Bank operates nineteen banking offices: eight located in Sussex County, New Jersey, four located in Bergen County, New Jersey, two located in Essex County, New Jersey, one located in Hudson County, New Jersey, one located in Middlesex County, New Jersey, one located in Union County, New Jersey, one located in Warren County, New Jersey, and one located in Queens County, New York. We are subject to the supervision and regulation of the Board of Governors of the Federal Reserve System (the “FRB”). The Bank’s deposits are insured by the Deposit Insurance Fund (“DIF”) of the Federal Deposit Insurance Corporation (“FDIC”) up to applicable limits. The operations of the Company and the Bank are subject to the supervision and regulation of the FRB, the FDIC and the New Jersey Department of Banking and Insurance (the “Department”) and the operations of SB One Insurance Agency are subject to supervision and regulation by the Department. The accompanying unaudited consolidated financial statements have been prepared in accordance with generally accepted accounting principles for interim financial information. Accordingly, they do not include all of the information and footnotes required by the accounting principles generally accepted in the United States of America (“U.S. GAAP”) for full year financial statements. In the opinion of management, all adjustments considered necessary for a fair presentation have been included and are of a normal, recurring nature. Operating results for the three month period ended March 31, 2020 are not necessarily indicative of the results that may be expected for the year ending December 31, 2020. These unaudited consolidated financial statements should be read in conjunction with the consolidated financial statements and the notes thereto that are included in our Annual Report on Form 10-K for the fiscal year ended December 31, 2019. Announcement of Merger Agreement On March 12, 2020, the Company announced the signing of a definitive merger agreement with Provident Financial Services, Inc. (“Provident”) where Provident will acquire the Company in an all-stock transaction (the “Merger”). Each outstanding share of Company common stock will be exchanged for 1.357 shares of Provident common stock. The Merger is expected to close in the third quarter of 2020, subject to satisfaction of customary closing conditions, including receipt of required regulatory approvals and approval by the shareholders of the Company. 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 did not 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 adoption of the ASU did not have a material impact on the Company’s consolidated financial statements. 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 adoption of the ASU did not have a material impact on the Company’s 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. 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; and 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 and does not expect a material impact 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.

SECURITIES

SECURITIES	3 Months Ended
	Mar. 31, 2020
SECURITIES
SECURITIES	NOTE 2 – SECURITIES Available for Sale The amortized cost and approximate fair value of securities available for sale as of March 31, 2020 and December 31, 2019 are summarized as follows: Gross Gross Amortized Unrealized Unrealized Fair (Dollars in thousands) Cost Gains Losses Value March 31, 2020 U.S. government agencies $ 8,235 $ — $ (135) $ 8,100 U.S. government-sponsored enterprises 53,906 22 (2,908) 51,020 State and political subdivisions 45,232 2,682 — 47,914 Mortgage-backed securities - U.S. government-sponsored enterprises 82,891 3,160 (377) 85,674 Private mortgage-backed securities 26,858 331 (357) 26,832 Corporate Debt 13,005 92 (432) 12,665 $ 230,127 $ 6,287 $ (4,209) $ 232,205 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 Securities with a carrying value of approximately $4.1 million and $2.5 million at March 31, 2020 and December 31, 2019, 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 March 31, 2020 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 12,914 13,013 Due after ten years 45,323 47,566 Total bonds and obligations 58,237 60,579 U.S. government agencies 8,235 8,100 U.S. government-sponsored enterprises 53,906 51,020 Mortgage-backed securities: U.S. government-sponsored enterprises 82,891 85,674 Private mortgage-backed securities (1) 26,858 26,832 Total available for sale securities $ 230,127 $ 232,205 There were no gross realized gains or losses on sales of securities available for sale and no gross realized losses for the three months ended March 31, 2020 and 2019, respectively. Temporarily Impaired Securities The following table shows gross unrealized losses and fair value of securities with unrealized losses that are not deemed to be other than temporarily impaired, aggregated by category and length of time that individual available for sale securities have been in a continuous unrealized loss position at March 31, 2020 and December 31, 2019. 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 March 31, 2020 U.S. government agencies $ 2,404 $ (64) $ 5,696 $ (71) $ 8,100 $ (135) U.S. government-sponsored enterprises 28,184 (1,411) 20,400 (1,497) 48,584 (2,908) State and political subdivisions — — — — — — Mortgage-backed securities - U.S. government-sponsored enterprises 19,331 (323) 4,310 (54) 23,641 (377) Private mortgage-backed securities 12,101 (357) — — 12,101 (357) Corporate Debt 8,089 (432) — — 8,089 (432) Total temporarily impaired securities $ 70,109 $ (2,587) $ 30,406 $ (1,622) $ 100,515 $ (4,209) 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) 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 March 31, 2020, we reviewed our available for sale securities portfolio for indications of impairment. This review included analyzing the length of time and the extent to which the fair value was 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 and equity securities are 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. U.S. Government Agencies At March 31, 2020 and December 31, 2019, the declines 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 March 31, 2020, there were seven securities with a fair value of $8.1 million that had an unrealized loss that amounted to $135 thousand. As of March 31, 2020, 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 agencies securities at March 31, 2020 were deemed to be other-than-temporarily impaired (“OTTI”). 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. U.S. Government Sponsored Enterprises At March 31, 2020 and December 31, 2019, the change in fair value and unrealized losses for our U.S. government sponsored enterprises securities were primarily due to changes in spreads and market conditions and not credit quality. At March 31, 2020, there were 25 securities with a fair value of $48.6 million that had an unrealized loss that amounted to $2.9 million. As of March 31, 2020, 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 enterprise securities at March 31, 2020, were deemed to be OTTI. At December 31, 2019, there were 26 securities with a fair value of $53.2 million that had an unrealized loss of $1.1 million in the aggregate. State and Political Subdivisions At March 31, 2020, there were no state and political subdivisions securities that had an unrealized loss. 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. Mortgage-Backed Securities - U.S. government-sponsored enterprises At March 31, 2020 and December 31, 2019, the change in fair value and unrealized losses for our mortgage-backed securities guaranteed by U.S. government-sponsored enterprises were primarily due to changes in spreads and market conditions and not credit quality. At March 31, 2020 there were 15 securities with a fair value of $23.6 million that had an unrealized loss that amounted to $377 thousand. As of March 31, 2020, 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 March 31, 2020 were deemed to be OTTI. At December 31, 2019, there were 13 securities with a fair value of $22.2 million that had an unrealized loss that amounted to $178 thousand. Mortgage-Backed Securities – Private mortgage-backed securities At March 31, 2020 and December 31, 2019, the change in fair value and the unrealized losses for our private mortgage-backed securities were primarily due to changes in spreads and mark conditions and not credit quality. At March 31, 2020, there were five securities with a fair value of $12.1 million that had an unrealized loss that amounted to $357 thousand. As of March 31, 2020, 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 March 31, 2020, were deemed to be other-then-temporarily impaired. At December 31, 2019, there were three securities with a fair value of $7.0 million that had an unrealized loss that amounted to $33 thousand. Corporate Debt At March 31, 2020, there were four securities with a fair value of $8.1 million that had an unrealized loss of $432 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 March 31, 2020, 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 corporate debt securities at March 31, 2020, were deemed to be OTTI. At December 31, 2019, there was one security with a fair value of $2.1 million that had an unrealized loss of $7 thousand. Held to Maturity Securities The amortized cost and approximate fair value of securities held to maturity as of March 31, 2020 and December 31, 2019 are summarized as follows: Gross Gross Amortized Unrealized Unrealized Fair (Dollars in thousands) Cost Gains Losses Value March 31, 2020 State and political subdivisions $ 6,339 $ 60 $ — $ 6,399 December 31, 2019 State and political subdivisions $ 4,012 $ 71 $ — $ 4,083 The amortized cost and carrying value of securities held to maturity at March 31, 2020 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 $ 3,823 $ 3,824 Due after one year through five years 1,500 1,527 Due after five years through ten years 1,016 1,048 Due after ten years — — Total held to maturity securities $ 6,339 $ 6,399 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 March 31, 2020, 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, 2019, there were no held to maturity securities with an unrealized loss.

LOANS

LOANS	3 Months Ended
	Mar. 31, 2020
LOANS
LOANS	NOTE 3 – LOANS The composition of net loans receivable at March 31, 2020 and December 31, 2019 is as follows: (Dollars in thousands) March 31, 2020 December 31, 2019 Commercial and industrial $ 133,654 $ 124,937 Construction 114,734 125,291 Commercial real estate 1,056,745 995,220 Residential real estate 379,396 382,567 Consumer and other 1,903 2,097 Total loans receivable 1,686,432 1,630,112 Unearned net loan origination fees (1,294) (1,266) Allowance for loan losses (10,867) (10,267) Net loans receivable $ 1,674,271 $ 1,618,579 Mortgage loans serviced for others are not included in the accompanying consolidated balance sheets. The total amount of loans serviced for the benefit of others was approximately $215 thousand and $218 thousand at March 31, 2020 and December 31, 2019, respectively. 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 March 31, 2020, 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: Three months ended Three months ended (Dollars in thousands) March 31, 2020 March 31, 2019 Accretable yield, beginning balance $ 225 $ 539 Acquisition of impaired loans — — Accretable yield amortized to interest income (34) (79) Reclassification from non-accretable difference — — Accretable yield, ending balance $ 191 $ 460

ALLOWANCE FOR LOAN LOSSES AND C

ALLOWANCE FOR LOAN LOSSES AND CREDIT QUALITY OF FINANCING RECEIVABLES	3 Months Ended
	Mar. 31, 2020
ALLOWANCE FOR LOAN LOSSES AND CREDIT QUALITY OF FINANCING RECEIVABLES
ALLOWANCE FOR LOAN LOSSES AND CREDIT QUALITY OF FINANCING RECEIVABLES	NOTE 4 – 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 three months ended March 31, 2020 and 2019: Commercial Commercial Residential Consumer and Real Real and (Dollars in thousands) Industrial Construction Estate Estate Other Unallocated Total Three Months Ended: March 31, 2020 Beginning balance $ 1,175 $ 537 $ 6,717 $ 1,338 $ 9 $ 491 $ 10,267 Charge-offs (343) — — — (10) — (353) Recoveries 46 — — 25 3 — 74 Provision 42 343 624 119 10 (259) 879 Ending balance $ 920 $ 880 $ 7,341 $ 1,482 $ 12 $ 232 $ 10,867 March 31, 2019 Beginning balance $ 603 $ 663 $ 5,575 $ 1,371 $ 23 $ 540 $ 8,775 Charge-offs (45) — (5) (93) (25) — (168) Recoveries 1 — 1 7 3 — 12 Provision 88 (304) 733 64 18 (28) 571 Ending balance $ 647 $ 359 $ 6,304 $ 1,349 $ 19 $ 512 $ 9,190 The following table presents the balance of the allowance of loan losses and loans receivable by class at March 31, 2020 and December 31, 2019 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 thousands) Balance Impairment Impairment Balance Impairment (a) Impairment March 31, 2020 Commercial and industrial $ 920 $ 10 $ 910 $ 133,654 $ 309 $ 133,345 Construction 880 — 880 114,734 — 114,734 Commercial real estate 7,341 291 7,050 1,056,745 7,913 1,048,832 Residential real estate 1,482 70 1,412 379,396 4,959 374,437 Consumer and other loans 12 — 12 1,903 — 1,903 Unallocated 232 — — — — — Total $ 10,867 $ 371 $ 10,264 $ 1,686,432 $ 13,181 $ 1,673,251 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 (a) loans individually evaluated for impairment exclude PCI loans. An age analysis of loans receivable, which were past due as of March 31, 2020 and December 31, 2019, 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 March 31, 2020 Commercial and industrial $ — $ — $ 212 $ 212 $ 133,442 $ 133,654 $ — Construction 85 — — 85 114,649 114,734 — Commercial real estate 3,669 65 7,337 11,071 1,045,674 1,056,745 — Residential real estate 859 37 5,512 6,408 372,988 379,396 — Consumer and other 40 208 — 248 1,655 1,903 — Total $ 4,653 $ 310 $ 13,061 $ 18,024 $ 1,668,408 $ 1,686,432 $ — 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 $ — (a) includes loans greater than 90 days past due and still accruing and non-accrual loans, excluding PCI loans. Loan deferrals made in connection with the COVID-19 pandemic continue to accrue and are not presented as past due. Loans for which the accrual of interest has been discontinued, excluding PCI loans, at March 31, 2020 and December 31, 2019 were: (Dollars in thousands) March 31, 2020 December 31, 2019 Commercial and industrial $ 212 $ 701 Construction — — Commercial real estate 7,337 5,643 Residential real estate 5,512 5,070 Consumer and other — 1 Total $ 13,061 $ 11,415 In determining the adequacy of the allowance for loan losses, we estimate losses based on the identification of specific problem loans through our credit review process and also estimate 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 our 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 and payment status; 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. Our risk-rating system is consistent with the classification system used by regulatory agencies and with industry practices. Loan classifications of Substandard, Doubtful or Loss are consistent with the regulatory definitions of classified assets. The classification system is as follows: · Pass : This category represents loans performing to contractual terms and conditions and the primary source of repayment is adequate to meet the obligation. We have 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 management and there is a distinct possibility that we 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. · Doubtfu l: 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 is not warranted. Such loans are fully charged off. The following tables illustrate our corporate credit risk profile by creditworthiness category as of March 31, 2020 and December 31, 2019: ໿ Special (Dollars in thousands) Pass Mention Substandard Doubtful Total March 31, 2020 Commercial and industrial $ 133,281 $ — $ 373 $ — $ 133,654 Construction 110,392 4,342 — — 114,734 Commercial real estate 1,040,848 5,401 10,496 — 1,056,745 $ 1,284,520 $ 9,744 $ 10,869 $ — $ 1,305,133 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 Residential Real Consumer (Dollars in thousands) Estate and other March 31, 2020 Performing $ 372,741 $ 1,903 Non-Performing 6,655 — Total $ 379,396 $ 1,903 December 31, 2019 Performing $ 377,497 $ 2,096 Non-Performing 5,070 1 Total $ 382,567 $ 2,097 The following table reflects information about our impaired loans, excluding PCI loans, by class as of March 31, 2020 and December 31, 2019: March 31, 2020 December 31, 2019 Unpaid Unpaid Recorded Principal Related Recorded Principal Related (Dollars in thousands) Investment Balance Allowance Investment Balance Allowance With no related allowance recorded: Commercial and industrial $ 160 $ 160 $ — $ 345 $ 495 $ — Construction — — — 250 250 — Commercial real estate 7,429 7,905 — 6,632 5,790 — Residential real estate 4,554 5,142 — 5,450 5,775 — With an allowance recorded: Commercial and industrial 149 491 10 490 491 353 Commercial real estate 484 586 291 544 498 296 Residential real estate 405 405 70 552 548 67 Total: Commercial and industrial 309 652 10 835 986 353 Construction — — — 250 250 — Commercial real estate 7,913 8,491 291 7,176 6,288 296 Residential real estate 4,959 5,547 70 6,002 6,323 67 $ 13,181 14,689 $ 371 $ 14,263 $ 13,847 $ 716 The following table presents the average recorded investment and income recognized for our impaired loans, excluding PCI loans, for the three months ended March 31, 2020 and 2019: For the Three Months Ended For the Three Months Ended March 31, 2020 March 31, 2019 Average Interest Average Interest Recorded Income Recorded Income (Dollars in thousands) Investment Recognized Investment Recognized With no related allowance recorded: Commercial and industrial $ 251 $ 2 $ 79 $ — Construction — — — — Commercial real estate 6,536 9 15,469 124 Residential real estate 5,558 16 3,800 18 Total impaired loans without a related allowance 12,345 27 19,348 142 With an allowance recorded: Commercial and industrial 320 — 335 5 Commercial real estate 486 — 936 5 Residential real estate 479 — 772 — Total impaired loans with an allowance 1,285 — 2,043 10 Total impaired loans $ 13,630 $ 27 $ 21,391 $ 152 We recognize interest income on performing impaired loans as payments are received. On non-performing impaired loans we do not recognize interest income as all payments are recorded as a reduction of principal on such loans. Impaired loans include loans modified in troubled debt restructurings 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 concessions rarely result in the forgiveness of principal or accrued interest. In addition, we attempt to obtain additional collateral or guarantor support when modifying such loans. Non-accruing restructured loans may be returned to accrual status when there has been a sustained period of repayment performance (generally six consecutive months of payments) and both principal and interest are deemed collectible. The following table presents the recorded investment in troubled debt restructured loans, based on payment performance status: Commercial Commercial & Residential (Dollars in thousands) Real Estate Industrial Real Estate Total March 31, 2020 Performing $ 412 $ 130 $ 906 $ 1,448 Non-performing 378 30 634 1,042 Total $ 790 $ 160 $ 1,540 $ 2,490 December 31, 2019 Performing $ 416 $ 131 $ 909 $ 1,456 Non-performing 395 35 638 1,068 Total $ 811 $ 166 $ 1,547 $ 2,524 Troubled debt restructured loans are considered impaired and are included in the previous impaired loans disclosures in this footnote. As of March 31, 2020, we have not committed to lend additional amounts to customers with outstanding loans that are classified as troubled debt restructuring. There was no troubled debt restructurings during the three months ended March 31, 2020. There was one troubled debt restructuring in the amount of $514 thousand that occurred during three months ended March 31, 2019. Post-Modification Pre-Modification Outstanding Outstanding Recorded Recorded (Dollars in thousands) Number of Loans Investment Investment March 31, 2019 Commercial & industrial 1 $ 135 $ 133 Residential real estate 3 $ 636 $ 635 There was no troubled debt restructuring for which there was a payment default within twelve months following the date of the restructuring for the three months ended March 31, 2020. There was no troubled debt restructuring for which there was a payment default within twelve months following the date of the restructuring for the three months ended March 31, 2019.

EARNINGS PER SHARE

EARNINGS PER SHARE	3 Months Ended
	Mar. 31, 2020
EARNINGS PER SHARE
EARNINGS PER SHARE	NOTE 5 – EARNINGS PER SHARE Basic earnings per share are calculated by dividing net income by the weighted average number of shares of common stock outstanding during the period. Diluted earnings per share reflect additional common shares that would have been outstanding if dilutive potential common shares (unvested restricted stock grants and stock options) had been issued, as well as any adjustment to income that would result from the assumed issuance of potential common shares that may be issued by us. Potential common shares related to stock options are determined using the treasury stock method. Three Months Ended March 31, 2020 Three Months Ended March 31, 2019 Income Shares Per Share Income Shares Per Share (Dollars in thousands, except share and per share data) (Numerator) (Denominator) Amount (Numerator) (Denominator) Amount Shares Outstanding (weighted average) Shares held by Rabbi Trust 95,027 99,029 Shares liability under deferred compensation agreement (95,027) (99,029) Basic earnings per share: Net earnings applicable to common stockholders $ 5,128 9,259,825 $ $ 5,823 9,416,987 $ 0.62 Effect of dilutive securities: Unvested stock awards — 44,792 - 43,131 Diluted earnings per share: Net income applicable to common stockholders and assumed conversions $ 5,128 9,304,617 $ $ 5,823 9,460,118 $ 0.62 There were 38,390 shares of options outstanding during the three months ended March 31, 2020 and no shares of options outstanding during the three months ended March 31, 2019, which were not included in the computation of diluted earnings per share because to do so would have been anti-dilutive.

OTHER COMPREHENSIVE INCOME

OTHER COMPREHENSIVE INCOME	3 Months Ended
	Mar. 31, 2020
OTHER COMPREHENSIVE INCOME
OTHER COMPREHENSIVE INCOME	NOTE 6 – 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 other comprehensive income, both before tax and net of tax, are as follows: Three Months Ended Three Months Ended March 31, 2020 March 31, 2019 (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 Total Beginning balance, net of tax $ 680 $ (2,198) $ 8 $ (1,510) $ 680 $ (2,198) $ (1,518) Other comprehensive income (loss) income before reclassification, net of tax 1,073 (13,933) — (12,860) 2,912 (1,734) 1,178 Amounts reclassified from accumulated other comprehensive income (loss), net of tax (356) 4,192 — 3,836 (824) 522 (302) Net current period other comprehensive income, net of tax 717 (9,741) — (9,024) 2,088 (1,212) 876 Ending balance, net of tax $ 1,397 $ (11,939) $ 8 $ (10,534) $ 2,768 $ (3,410) $ (642)

GOODWILL AND OTHER INTANGIBLES

GOODWILL AND OTHER INTANGIBLES	3 Months Ended
	Mar. 31, 2020
GOODWILL AND OTHER INTANGIBLES
GOODWILL AND OTHER INTANGIBLES	NOTE 7 – GOODWILL AND OTHER INTANGIBLES The Company had goodwill of $27.3 million at March 31, 2020 and December 31, 2019. 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 March 31, 2020 and December 31, 2019, included $2.3 million related to insurance segment and $486 thousand related to banking segment. The Company reviews its goodwill and intangible assets annually, or more frequently if conditions warrant, for impairment. The Company prepared a Step 1 goodwill impairment analysis at March 31, 2020, due to ongoing economic uncertainty. In testing goodwill for impairment, the Company compared 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 March 31, 2020. 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 three months ended March 31, 2020, and 2019, the Company amortized $91 thousand and $102 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 $ 273 2021 320 2022 277 2023 234 2024 191

SEGMENT REPORTING

SEGMENT REPORTING	3 Months Ended
	Mar. 31, 2020
SEGMENT REPORTING
SEGMENT REPORTING	NOTE 8 – SEGMENT INFORMATION Our insurance agency operations are managed separately from the traditional banking and related financial services that we also offer. The insurance agency operation provides commercial, individual, and group benefit plans and personal coverage. Three Months Ended Three Months Ended March 31, 2020 March 31, 2019 Banking and Insurance Banking and Insurance (Dollars in thousands) Financial Services Services Total Financial Services Services Total Net interest income from external sources $ 15,180 $ — $ 15,180 $ 14,439 $ — $ 14,439 Other income from external sources 1,028 2,653 3,681 1,032 2,601 3,633 Depreciation and amortization 467 12 479 525 12 537 Income before income taxes 5,437 1,178 6,615 6,057 1,266 7,323 Income tax expense (1) 1,016 471 1,487 994 506 1,500 Total assets 2,075,806 4,430 2,080,236 1,834,400 5,729 1,840,129 (1) Insurance Services calculated at statutory tax rate of 28.1%.

STOCK-BASED COMPENSATION

STOCK-BASED COMPENSATION	3 Months Ended
	Mar. 31, 2020
STOCK-BASED COMPENSATION
STOCK-BASED COMPENSATION	NOTE 9 – STOCK-BASED COMPENSATION We currently have stock-based compensation plans in place for our directors, officers, employees, consultants and advisors. Under the terms of these plans we may grant restricted shares and stock options for the purchase of our common stock. The stock-based compensation is granted under terms determined by our Compensation Committee. Our standard stock option grants have a maximum ter m of 10 years, generally vest over periods ranging between one and five years, and are granted with an exercise price equal to the fair market value of the common stock on the date of grant. Restricted stock is valued at the market value of the common stock on the date of grant and generally vests over periods of three to five years. All dividends paid on restricted stock, whether vested or unvested, are paid to the shareholder. Information regarding our stock option plans for the three months ended March 31, 2020 is as follows: Weighted Average Weighted Exercise Average Aggregate Number of Price per Contractual Intrinsic Shares Share Term Value Outstanding, December 31, 2018 69,123 $ 11.10 Options granted — — Options expired (5,077) 11.37 Options exercised (14,304) 10.76 Outstanding, December 31, 2019 49,742 11.17 Outstanding, March 31, 2020 49,742 $ 11.17 $ 290,041 Exercisable, March 31, 2020 45,698 $ 11.02 $ 273,178 During the three months ended March 31, 2020 and 2019, we expensed $4 thousand and $12 thousand, respectively, in stock-based compensation under stock option awards. There were no options granted during the three and three months ended March 31, 2020 and 2019. Expected future expense relating to the unvested options outstanding as of March 31, 2020 is $12 thousand over a weighted average period of 0.7 years. Upon exercise of vested options, management expects to draw on common stock as the source of the shares. The summary of changes in unvested restricted stock awards for the three months ended March 31, 2020, is as follows: 2020 Weighted Average Number of Grant Date Shares Fair Value Unvested restricted stock, beginning of year 112,673 $ 23.60 Granted (vesting period between 3-5 years) 59,939 24.51 Forfeited (134) 24.62 Vested (26,683) 23.52 Unvested restricted stock, end of period 145,795 $ 23.97 During the three months ended March 31, 2020 and 2019, we expensed $348 thousand and $178 thousand, respectively, in stock-based compensation under restricted stock awards. At March 31, 2020, unrecognized compensation expense for unvested restricted stock was $2.8 million, which is expected to be recognized over an average period of 3.9 years.

GUARANTEES

GUARANTEES	3 Months Ended
	Mar. 31, 2020
Guarantees [Abstract]
GUARANTEES	NOTE 10 – GUARANTEES We do not issue any guarantees that would require liability recognition or disclosure, other than standby letters of credit. Standby letters of credit are conditional commitments issued by us to guarantee the performance of a customer to a third party. Generally, all letters of credit, when issued, have expiration dates within one year. The credit risk involved in issuing letters of credit is essentially the same as that involved in extending loan facilities to customers. Generally, we hold collateral and/or personal guarantees supporting these commitments. As of March 31, 2020, we had $2.0 million of outstanding letters of credit. Management believes that the proceeds obtained through a liquidation of collateral and the enforcement of guarantees would be sufficient to cover the potential amount of future payments required under the corresponding guarantees. The amount of the liability as of March 31, 2020, for guarantees under standby letters of credit issued is not material.

FAIR VALUE OF FINANCIAL INSTRUM

FAIR VALUE OF FINANCIAL INSTRUMENTS	3 Months Ended
	Mar. 31, 2020
FAIR VALUE OF FINANCIAL INSTRUMENTS
FAIR VALUE OF FINANCIAL INSTRUMENTS	NOTE 11 – FAIR VALUE OF FINANCIAL INSTRUMENTS Management uses its best judgment in estimating the fair value of our 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 we could have realized in a sale transaction on the dates indicated. The fair value amounts have been measured as of their respective period 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 period end. In accordance with U.S. GAAP, we use 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 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 our financial instruments measured on a recurring basis by the above pricing observability levels as of March 31, 2020 and December 31, 2019: 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) March 31, 2020 U.S. government agencies $ 8,100 $ — $ 8,100 $ — U.S. government-sponsored enterprises 51,020 — 51,020 — State and political subdivisions 47,914 — 47,914 — Mortgage-backed securities - U.S. government-sponsored enterprises 85,674 — 85,674 — Private mortgage-backed securities 26,832 — 24,330 2,502 Corporate debt 12,665 — 11,651 1,014 Derivative instruments Interest rate swaps Liabilities 17,136 — 17,136 — 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 689 — 689 — Liabilities 3,890 — 3,890 — Our available for sale and held to maturity securities portfolios contain investments, which were all rated within our investment policy guidelines at time of purchase, and upon review of the entire portfolio all securities are marketable and have observable pricing inputs. For financial assets measured at fair value on a nonrecurring basis, the fair value measurements by level within the fair value hierarchy used at March 31, 2020 and December 31, 2019 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) March 31, 2020 Impaired loans $ 1,555 $ — $ — $ 1,555 December 31, 2019 Impaired loans $ 1,630 $ — $ — $ 1,630 Foreclosed real estate 2,183 — — 2,183 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) March 31, 2020 Impaired loans $ 1,555 Appraisal of Appraisal 0% to -72.0% collateral adjustments (1) (-3.6%) 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% ) (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 our assets and liabilities. Due to a wide range of valuation techniques and the degree of subjectivity used in making the estimates, comparisons between our disclosures and those of other companies may not be meaningful. The following methods and assumptions were used to estimate the fair value of our financial instruments at March 31, 2020 and December 31, 2019: Securities: The fair value of securities, available for sale (carried at fair value) 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, less estimated selling costs. 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 is 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 our financial instruments at March 31, 2020 and December 31, 2019, were as follows: Quoted Prices in Active Significant Markets Other Significant March 31, 2020 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 $ 40,305 $ 40,305 $ 40,305 $ — $ — Time deposits with other banks 200 200 — 200 — Securities available for sale 232,205 232,205 — 228,689 3,516 Securities held to maturity 6,339 6,399 — 3,265 3,134 Other bank stock 12,487 12,487 — 12,487 — Loans receivable, net of allowance 1,674,271 1,750,798 — — 1,750,798 Accrued interest receivable 6,856 6,856 — 6,856 — Financial liabilities: Non-maturity deposits 1,021,120 1,021,120 — 1,021,120 — Time deposits 577,431 574,876 — 574,876 — Short-term borrowings 196,145 196,609 196,609 — — Long-term borrowings 34,127 34,779 — 34,779 — Subordinated debentures 27,871 28,884 — 28,884 — Accrued interest payable 1,670 1,670 — 1,670 — Interest rate swaps 17,136 17,136 — 17,136 — 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 689 689 — 689 — 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 —

DERIVATIVES

DERIVATIVES	3 Months Ended
	Mar. 31, 2020
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 and are subsequently reclassified into earnings in the period that the hedged forecasted transaction affects earnings. 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 March 31, 2020, 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 $17.1 million at March 31, 2020. The Company has minimum collateral posting thresholds with its derivative counterparties and has posted collateral of $17.2 million against its obligations under these agreements. If the Company had breached any of these provisions at March 31, 2020, it would have been required to settle its obligations under the agreements at the termination value. During the three months ended March 31, 2020 and 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 Income and Comprehensive Income at March 31, 2020 and December 31, 2019: March 31, 2020 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 $ — $ — Other Assets PNC 78,500 (5,489) Other Liabilities 7.5 US Bank — — Other Assets US Bank 310,000 (11,647) Other Liabilities 5 Total $ 388,500 $ (17,136) 3.2 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 (3,201) 3.3 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 Income and Comprehensive Income during the three months ended March 31, 2020 and 2019: Three Months Ended March 31, 2020 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 $ (2,874) Not applicable $ — US Bank (6,868) Not applicable — Total $ (9,741) $ — Three Months Ended March 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 $ (811) Not applicable $ — US Bank (402) Not applicable — Total $ (1,213) $ — The Company has master netting arrangements with its counterparty. All master netting arrangements include rights to offset associated with the Company’s recognized derivative assets, derivative liabilities, and cash collateral received and pledged. Amounts reported in accumulated other comprehensive income related to derivatives are reclassified to interest expense as interest payments made on the Company’s variable rate borrowing positions. During the three months ended March 31, 2020, the Company had $27 thousand of reclassifications to interest income. During the three months ended March 31, 2019, the Company had $54 thousand of reclassifications to interest expense. As required under the master netting arrangement with its derivatives counterparty, the Company pledged $6.1 million of financial collateral at March 31, 2020, and received financial collateral in the amount of $2.8 million at March 31, 2019. 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 March 31, 2020 and December 31, 2019. 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 March 31, 2020 Interest Rate Swaps (PNC) $ — (5,489) $ (5,489) — $ (5,750) $ 261 Interest Rate Swaps (US Bank) — (11,647) (11,647) — (11,410) (237) Total $ — (17,136) $ (17,136) — $ (17,160) $ 24 December 31, 2019 Interest Rate Swaps (PNC) $ 62 (1,440) $ (1,378) — $ (1,550) $ 172 Interest Rate Swaps (US Bank) 627 (2,450) (1,823) — (2,050) 227 Total $ 689 (3,890) $ (3,201) — $ (3,600) $ 399

BORROWINGS

BORROWINGS	3 Months Ended
	Mar. 31, 2020
BORROWINGS
BORROWINGS	NOTE 13 – BORROWINGS At March 31, 2020, the Bank had secured borrowing potential with the Federal Home Loan Bank of New York (“FHLBNY”) for borrowings of up to $320.8 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 $320.8 million. At March 31, 2020, the Bank had the ability to borrow up to $110.1 million at FHLBNY and $10.0 million at ACBB. At March 31, 2020 and December 31, 2019, the Company had $196.1 million and $193.0 million, respectively, in short term advances at the FHLBNY, having weighted average interest rates of 0.91% and 1.81%, respectively. These advances are priced at the federal funds rate plus a spread (generally between 20 and 30 basis points), re-price daily and mature within three months. As of March 31, 2020 and December 31, 2019, respectively, the Company had $34.1 million and $40.1 million in long-term fixed rate advances.

REVENUE RECOGNITION

REVENUE RECOGNITION	3 Months Ended
	Mar. 31, 2020
REVENUE RECOGNITION
REVENUE RECOGNITION	NOTE 14 – 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 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 three months ended March 31, 2020 and 2019. Sources of revenue outside the scope of ASC 606 are noted as such. Three Months Ended March 31, (Dollars In Thousands) 2020 2019 Other income: Service fees on deposit accounts $ 319 $ 330 ATM and debit card fees 245 231 Bank-owned life insurance (1) 228 230 Insurance commissions and fees 2,598 2,562 Investment brokerage fees (1) 15 56 Other 276 224 Total Other Income $ 3,681 $ 3,633 (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, which is when 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, which is generally when such commissions are received from insurance companies, or when we receive formal notification of the amount of such payments. 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 Agency, and other deposit related fees. Revenues for such fees are recognized at the point the fee is incurred by the customer.

RIGHT OF USE ASSET AND LEASE LI

RIGHT OF USE ASSET AND LEASE LIABILITY	3 Months Ended
	Mar. 31, 2020
RIGHT OF USE ASSET AND LEASE LIABILITY
RIGHT OF USE ASSET AND LEASE LIABILITY	NOTE 15 – 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): Three Months Ended March 31, 2020 Operating lease expense $ 184 Short term lease expense 86 Total lease expense $ 270 Supplemental balance sheet information related to leases was as follows (in thousands, except for weighted-averages): Operating Leases Classification March 31, 2020 ROU assets Right of use asset, net $ 4,535 Lease liabilities Lease liability $ 4,676 Weighted-average remaining lease term 9.0 Weighted-average discount rate 3.09 % The discount rate used in determining the lease liability for each individual lease was the 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): Three Months Ended March 31, 2020 Cash paid for amounts included in the measurement of lease liabilities $ 182 ROU assets obtained in exchange for lease obligations $ 171 Lease payment obligations for each of the next five years and thereafter with a reconciliation to the Company’s lease liability are as follows (in thousands): Year Operating Leases 2020 $ 480 2021 561 2022 561 2023 561 2024 561 Thereafter 2,712 Total lease payments 5,436 Less imputed interest (760) Total (1) $ 4,676 (1) Lease liability maturities include 1st option of extension

IMPACT OF COVID-19

IMPACT OF COVID-19	3 Months Ended
	Mar. 31, 2020
Covid-19
Unusual or Infrequent Item, or Both [Line Items]
Impact of Covid-19	NOTE 16 – IMPACT OF COVID-19 The COVID-19 Pandemic Will Have an Uncertain Impact on the Company's Financial Condition and Results of Operations The COVID-19 pandemic has resulted in widespread infections in the United States beginning in the first quarter of 2020 and may continue for some time. The spread of the outbreak has disrupted the United States economy and is likely to disrupt banking and other financial activity in the market areas in which the Company does business. Regions and states of the United States of America have implemented varying degrees of "stay at home" directives in an effort to prevent the spread of the virus. In response to the pandemic, the Federal Reserve has engaged in significant levels of monetary policy to provide liquidity and credit facilities to the financial markets. On March 15, 2020, the Federal Open Market Committee ("FOMC") reduced the target range for the federal funds rate to 0 to 0.25 percent; relatedly, the FOMC reduced the interest rate paid on required and excess reserve balances to 0.10 percent effective March 16, 2020, all of which may negatively impact net interest income. In response to the pandemic, the United States federal government enacted the Coronavirus Aid, Relief, and Economic Security Act (the "CARES Act") on March 27, 2020. The CARES Act is expected to provide an estimated $2 trillion in fiscal stimulus to the United States economy. The extent of the spread of the coronavirus, its ultimate containment and its effects on the economy and the Company are uncertain at this time. The effectiveness of the Federal Reserve Bank's monetary policies and the federal government's fiscal policies in stimulating the United States economy is also uncertain at this time. The CARES Act includes a provision for the Company to opt out of applying the “troubled-debt restructuring” (TDR) accounting guidance in ASC 310-40 for certain loan modifications. Loan modifications made between March 1, 2020 and the earlier of i) December 30, 2020 or ii) 60 days after the President declares a termination of the COVID-19 national emergency are eligible for this relief if the related loans were not more than 30 days past due as of December 31, 2019. At March 1, 2020, the Company adopted the provision set forth in ASC 310-40 to opt out of applying the TDR for certain loan modifications. Additionally as of the date of this report, the Company has granted payment deferrals totaling $125.1 million for 129 commercial and residential loans. While the Company continues to evaluate the disruption caused by the pandemic and the impact of the CARES Act, these events may have a material adverse impact on the Company’s results of operations, financial position, capital and liquidity in fiscal year 2020. Further, a decrease in results of operations may place a strain on the Company’s capital reserve ratios. Management expects the Company's net interest income and non-interest income to decline and credit-related losses to increase for an uncertain period given the decline in economic activity occurring due to the coronavirus. The magnitude of the impact on the Company's financial results is uncertain. In addition, the Company's future success and profitability substantially depends upon the skills and experience of its executive officers and directors, many of whom have held positions with the Company for many years. The unanticipated loss or unavailability of key employees due to the outbreak could adversely affect the Company's ability to operate its business or execute its business strategy. Any one or a combination of the factors identified above, or other factors, could materially adversely affect the Company's business, financial condition, results of operations and prospects.

SUMMARY OF SIGNIFICANT ACCOUN_2

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	3 Months Ended
	Mar. 31, 2020
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
Basis of Presentation	Basis of Presentation The accompanying unaudited consolidated financial statements include the accounts of SB One Bancorp, (“we,” “us,” “our” or the “Company”) and our wholly owned subsidiary SB One Bank (the “Bank”). The Bank’s wholly owned subsidiaries are SCB Investment Company, Inc., SCBNY Company, Inc., ClassicLake Enterprises, LLC, GFR Maywood, LLC, PPD Holding Company, LLC, Community Investing Company, Inc., 490 Boulevard Realty Corp., and SB One Insurance Agency Inc. ("SB One Insurance Agency"), a full service insurance agency located in Sussex County, New Jersey with a satellite office located in Bergen County, New Jersey. SB One Insurance Agency’s operations are considered a separate segment for financial disclosure purposes. All inter-company transactions and balances have been eliminated in consolidation. The Bank operates nineteen banking offices: eight located in Sussex County, New Jersey, four located in Bergen County, New Jersey, two located in Essex County, New Jersey, one located in Hudson County, New Jersey, one located in Middlesex County, New Jersey, one located in Union County, New Jersey, one located in Warren County, New Jersey, and one located in Queens County, New York. We are subject to the supervision and regulation of the Board of Governors of the Federal Reserve System (the “FRB”). The Bank’s deposits are insured by the Deposit Insurance Fund (“DIF”) of the Federal Deposit Insurance Corporation (“FDIC”) up to applicable limits. The operations of the Company and the Bank are subject to the supervision and regulation of the FRB, the FDIC and the New Jersey Department of Banking and Insurance (the “Department”) and the operations of SB One Insurance Agency are subject to supervision and regulation by the Department. The accompanying unaudited consolidated financial statements have been prepared in accordance with generally accepted accounting principles for interim financial information. Accordingly, they do not include all of the information and footnotes required by the accounting principles generally accepted in the United States of America (“U.S. GAAP”) for full year financial statements. In the opinion of management, all adjustments considered necessary for a fair presentation have been included and are of a normal, recurring nature. Operating results for the three month period ended March 31, 2020 are not necessarily indicative of the results that may be expected for the year ending December 31, 2020. These unaudited consolidated financial statements should be read in conjunction with the consolidated financial statements and the notes thereto that are included in our Annual Report on Form 10-K for the fiscal year ended December 31, 2019.
Announcement of Merger Agreement	Announcement of Merger Agreement On March 12, 2020, the Company announced the signing of a definitive merger agreement with Provident Financial Services, Inc. (“Provident”) where Provident will acquire the Company in an all-stock transaction (the “Merger”). Each outstanding share of Company common stock will be exchanged for 1.357 shares of Provident common stock. The Merger is expected to close in the third quarter of 2020, subject to satisfaction of customary closing conditions, including receipt of required regulatory approvals and approval by the shareholders of the Company.
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 did not 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 adoption of the ASU did not have a material impact on the Company’s consolidated financial statements. 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 adoption of the ASU did not have a material impact on the Company’s 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. 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; and 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 and does not expect a material impact 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.

SECURITIES (Tables)

SECURITIES (Tables)	3 Months Ended
	Mar. 31, 2020
Amortized Cost and Approximate Fair Value of Securities Available For Sale	Gross Gross Amortized Unrealized Unrealized Fair (Dollars in thousands) Cost Gains Losses Value March 31, 2020 U.S. government agencies $ 8,235 $ — $ (135) $ 8,100 U.S. government-sponsored enterprises 53,906 22 (2,908) 51,020 State and political subdivisions 45,232 2,682 — 47,914 Mortgage-backed securities - U.S. government-sponsored enterprises 82,891 3,160 (377) 85,674 Private mortgage-backed securities 26,858 331 (357) 26,832 Corporate Debt 13,005 92 (432) 12,665 $ 230,127 $ 6,287 $ (4,209) $ 232,205 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
Temporarily 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 March 31, 2020 U.S. government agencies $ 2,404 $ (64) $ 5,696 $ (71) $ 8,100 $ (135) U.S. government-sponsored enterprises 28,184 (1,411) 20,400 (1,497) 48,584 (2,908) State and political subdivisions — — — — — — Mortgage-backed securities - U.S. government-sponsored enterprises 19,331 (323) 4,310 (54) 23,641 (377) Private mortgage-backed securities 12,101 (357) — — 12,101 (357) Corporate Debt 8,089 (432) — — 8,089 (432) Total temporarily impaired securities $ 70,109 $ (2,587) $ 30,406 $ (1,622) $ 100,515 $ (4,209) 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)
Amortized Cost and Approximate Fair Value of Securities Held-To-Maturity	Gross Gross Amortized Unrealized Unrealized Fair (Dollars in thousands) Cost Gains Losses Value March 31, 2020 State and political subdivisions $ 6,339 $ 60 $ — $ 6,399 December 31, 2019 State and political subdivisions $ 4,012 $ 71 $ — $ 4,083
Available-for-sale Securities
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 12,914 13,013 Due after ten years 45,323 47,566 Total bonds and obligations 58,237 60,579 U.S. government agencies 8,235 8,100 U.S. government-sponsored enterprises 53,906 51,020 Mortgage-backed securities: U.S. government-sponsored enterprises 82,891 85,674 Private mortgage-backed securities (1) 26,858 26,832 Total available for sale securities $ 230,127 $ 232,205 Amortized Fair (Dollars in thousands) Cost Value Due in one year or less $ 3,823 $ 3,824 Due after one year through five years 1,500 1,527 Due after five years through ten years 1,016 1,048 Due after ten years — — Total held to maturity securities $ 6,339 $ 6,399
Held-to-maturity Securities
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 12,914 13,013 Due after ten years 45,323 47,566 Total bonds and obligations 58,237 60,579 U.S. government agencies 8,235 8,100 U.S. government-sponsored enterprises 53,906 51,020 Mortgage-backed securities: U.S. government-sponsored enterprises 82,891 85,674 Private mortgage-backed securities (1) 26,858 26,832 Total available for sale securities $ 230,127 $ 232,205 Amortized Fair (Dollars in thousands) Cost Value Due in one year or less $ 3,823 $ 3,824 Due after one year through five years 1,500 1,527 Due after five years through ten years 1,016 1,048 Due after ten years — — Total held to maturity securities $ 6,339 $ 6,399 Amortized Fair (Dollars in thousands) Cost Value Due in one year or less $ 3,823 $ 3,824 Due after one year through five years 1,500 1,527 Due after five years through ten years 1,016 1,048 Due after ten years — — Total held to maturity securities $ 6,339 $ 6,399

LOANS (Tables)

LOANS (Tables)	3 Months Ended
	Mar. 31, 2020
LOANS
Composition of Net Loans Receivable	(Dollars in thousands) March 31, 2020 December 31, 2019 Commercial and industrial $ 133,654 $ 124,937 Construction 114,734 125,291 Commercial real estate 1,056,745 995,220 Residential real estate 379,396 382,567 Consumer and other 1,903 2,097 Total loans receivable 1,686,432 1,630,112 Unearned net loan origination fees (1,294) (1,266) Allowance for loan losses (10,867) (10,267) Net loans receivable $ 1,674,271 $ 1,618,579
Schedule of changes in the accretable yields for PCI loans	The following table presents changes in the accretable yield for PCI loans: Three months ended Three months ended (Dollars in thousands) March 31, 2020 March 31, 2019 Accretable yield, beginning balance $ 225 $ 539 Acquisition of impaired loans — — Accretable yield amortized to interest income (34) (79) Reclassification from non-accretable difference — — Accretable yield, ending balance $ 191 $ 460

ALLOWANCE FOR LOAN LOSSES AND_2

ALLOWANCE FOR LOAN LOSSES AND CREDIT QUALITY OF FINANCING RECEIVABLES (Tables)	3 Months Ended
	Mar. 31, 2020
ALLOWANCE FOR LOAN LOSSES AND CREDIT QUALITY OF FINANCING RECEIVABLES
Changes in the Allowance for Loan Losses	The following table presents changes in the allowance for loan losses disaggregated by the class of loans receivable for the three months ended March 31, 2020 and 2019: Commercial Commercial Residential Consumer and Real Real and (Dollars in thousands) Industrial Construction Estate Estate Other Unallocated Total Three Months Ended: March 31, 2020 Beginning balance $ 1,175 $ 537 $ 6,717 $ 1,338 $ 9 $ 491 $ 10,267 Charge-offs (343) — — — (10) — (353) Recoveries 46 — — 25 3 — 74 Provision 42 343 624 119 10 (259) 879 Ending balance $ 920 $ 880 $ 7,341 $ 1,482 $ 12 $ 232 $ 10,867 March 31, 2019 Beginning balance $ 603 $ 663 $ 5,575 $ 1,371 $ 23 $ 540 $ 8,775 Charge-offs (45) — (5) (93) (25) — (168) Recoveries 1 — 1 7 3 — 12 Provision 88 (304) 733 64 18 (28) 571 Ending balance $ 647 $ 359 $ 6,304 $ 1,349 $ 19 $ 512 $ 9,190
Allowances of Loan Losses and Loans Receivable by Class Disaggregated	The following table presents the balance of the allowance of loan losses and loans receivable by class at March 31, 2020 and December 31, 2019 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 thousands) Balance Impairment Impairment Balance Impairment (a) Impairment March 31, 2020 Commercial and industrial $ 920 $ 10 $ 910 $ 133,654 $ 309 $ 133,345 Construction 880 — 880 114,734 — 114,734 Commercial real estate 7,341 291 7,050 1,056,745 7,913 1,048,832 Residential real estate 1,482 70 1,412 379,396 4,959 374,437 Consumer and other loans 12 — 12 1,903 — 1,903 Unallocated 232 — — — — — Total $ 10,867 $ 371 $ 10,264 $ 1,686,432 $ 13,181 $ 1,673,251 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 (a) loans individually evaluated for impairment exclude PCI loans.
An Age Analysis of Loans Receivable	An age analysis of loans receivable, which were past due as of March 31, 2020 and December 31, 2019, 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 March 31, 2020 Commercial and industrial $ — $ — $ 212 $ 212 $ 133,442 $ 133,654 $ — Construction 85 — — 85 114,649 114,734 — Commercial real estate 3,669 65 7,337 11,071 1,045,674 1,056,745 — Residential real estate 859 37 5,512 6,408 372,988 379,396 — Consumer and other 40 208 — 248 1,655 1,903 — Total $ 4,653 $ 310 $ 13,061 $ 18,024 $ 1,668,408 $ 1,686,432 $ — 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 $ — (a) includes loans greater than 90 days past due and still accruing and non-accrual loans, excluding PCI loans. Loan deferrals made in connection with the COVID-19 pandemic continue to accrue and are not presented as past due.
Loans Which the Accrual of Interest has been Discontinued	Loans for which the accrual of interest has been discontinued, excluding PCI loans, at March 31, 2020 and December 31, 2019 were: (Dollars in thousands) March 31, 2020 December 31, 2019 Commercial and industrial $ 212 $ 701 Construction — — Commercial real estate 7,337 5,643 Residential real estate 5,512 5,070 Consumer and other — 1 Total $ 13,061 $ 11,415
Credit Risk Profile by Creditworthiness	The following tables illustrate our corporate credit risk profile by creditworthiness category as of March 31, 2020 and December 31, 2019: ໿ Special (Dollars in thousands) Pass Mention Substandard Doubtful Total March 31, 2020 Commercial and industrial $ 133,281 $ — $ 373 $ — $ 133,654 Construction 110,392 4,342 — — 114,734 Commercial real estate 1,040,848 5,401 10,496 — 1,056,745 $ 1,284,520 $ 9,744 $ 10,869 $ — $ 1,305,133 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 Residential Real Consumer (Dollars in thousands) Estate and other March 31, 2020 Performing $ 372,741 $ 1,903 Non-Performing 6,655 — Total $ 379,396 $ 1,903 December 31, 2019 Performing $ 377,497 $ 2,096 Non-Performing 5,070 1 Total $ 382,567 $ 2,097
Impaired Loans	The following table reflects information about our impaired loans, excluding PCI loans, by class as of March 31, 2020 and December 31, 2019: March 31, 2020 December 31, 2019 Unpaid Unpaid Recorded Principal Related Recorded Principal Related (Dollars in thousands) Investment Balance Allowance Investment Balance Allowance With no related allowance recorded: Commercial and industrial $ 160 $ 160 $ — $ 345 $ 495 $ — Construction — — — 250 250 — Commercial real estate 7,429 7,905 — 6,632 5,790 — Residential real estate 4,554 5,142 — 5,450 5,775 — With an allowance recorded: Commercial and industrial 149 491 10 490 491 353 Commercial real estate 484 586 291 544 498 296 Residential real estate 405 405 70 552 548 67 Total: Commercial and industrial 309 652 10 835 986 353 Construction — — — 250 250 — Commercial real estate 7,913 8,491 291 7,176 6,288 296 Residential real estate 4,959 5,547 70 6,002 6,323 67 $ 13,181 14,689 $ 371 $ 14,263 $ 13,847 $ 716 The following table presents the average recorded investment and income recognized for our impaired loans, excluding PCI loans, for the three months ended March 31, 2020 and 2019: For the Three Months Ended For the Three Months Ended March 31, 2020 March 31, 2019 Average Interest Average Interest Recorded Income Recorded Income (Dollars in thousands) Investment Recognized Investment Recognized With no related allowance recorded: Commercial and industrial $ 251 $ 2 $ 79 $ — Construction — — — — Commercial real estate 6,536 9 15,469 124 Residential real estate 5,558 16 3,800 18 Total impaired loans without a related allowance 12,345 27 19,348 142 With an allowance recorded: Commercial and industrial 320 — 335 5 Commercial real estate 486 — 936 5 Residential real estate 479 — 772 — Total impaired loans with an allowance 1,285 — 2,043 10 Total impaired loans $ 13,630 $ 27 $ 21,391 $ 152
Troubled Debt Restructured on Recorded Investment	The following table presents the recorded investment in troubled debt restructured loans, based on payment performance status: Commercial Commercial & Residential (Dollars in thousands) Real Estate Industrial Real Estate Total March 31, 2020 Performing $ 412 $ 130 $ 906 $ 1,448 Non-performing 378 30 634 1,042 Total $ 790 $ 160 $ 1,540 $ 2,490 December 31, 2019 Performing $ 416 $ 131 $ 909 $ 1,456 Non-performing 395 35 638 1,068 Total $ 811 $ 166 $ 1,547 $ 2,524
Troubled Debt Restructurings in Current Year	Post-Modification Pre-Modification Outstanding Outstanding Recorded Recorded (Dollars in thousands) Number of Loans Investment Investment March 31, 2019 Commercial & industrial 1 $ 135 $ 133 Residential real estate 3 $ 636 $ 635

EARNINGS PER SHARE (Tables)

EARNINGS PER SHARE (Tables)	3 Months Ended
	Mar. 31, 2020
EARNINGS PER SHARE
Calculation Methods of Earnings Per Share	Three Months Ended March 31, 2020 Three Months Ended March 31, 2019 Income Shares Per Share Income Shares Per Share (Dollars in thousands, except share and per share data) (Numerator) (Denominator) Amount (Numerator) (Denominator) Amount Shares Outstanding (weighted average) Shares held by Rabbi Trust 95,027 99,029 Shares liability under deferred compensation agreement (95,027) (99,029) Basic earnings per share: Net earnings applicable to common stockholders $ 5,128 9,259,825 $ $ 5,823 9,416,987 $ 0.62 Effect of dilutive securities: Unvested stock awards — 44,792 - 43,131 Diluted earnings per share: Net income applicable to common stockholders and assumed conversions $ 5,128 9,304,617 $ $ 5,823 9,460,118 $ 0.62

OTHER COMPREHENSIVE INCOME (Tab

OTHER COMPREHENSIVE INCOME (Tables)	3 Months Ended
	Mar. 31, 2020
OTHER COMPREHENSIVE INCOME
Components of Other Comprehensive Income and Related Tax Effects	The components of other comprehensive income, both before tax and net of tax, are as follows: Three Months Ended Three Months Ended March 31, 2020 March 31, 2019 (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 Total Beginning balance, net of tax $ 680 $ (2,198) $ 8 $ (1,510) $ 680 $ (2,198) $ (1,518) Other comprehensive income (loss) income before reclassification, net of tax 1,073 (13,933) — (12,860) 2,912 (1,734) 1,178 Amounts reclassified from accumulated other comprehensive income (loss), net of tax (356) 4,192 — 3,836 (824) 522 (302) Net current period other comprehensive income, net of tax 717 (9,741) — (9,024) 2,088 (1,212) 876 Ending balance, net of tax $ 1,397 $ (11,939) $ 8 $ (10,534) $ 2,768 $ (3,410) $ (642)

GOODWILL AND OTHER INTANGIBLES

GOODWILL AND OTHER INTANGIBLES (Tables)	3 Months Ended
	Mar. 31, 2020
GOODWILL AND OTHER INTANGIBLES
Schedule of Estimated Future Amortization Expense	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 $ 273 2021 320 2022 277 2023 234 2024 191

SEGMENT REPORTING (Tables)

SEGMENT REPORTING (Tables)	3 Months Ended
	Mar. 31, 2020
SEGMENT REPORTING
Schedule of Segment Reporting Information	Three Months Ended Three Months Ended March 31, 2020 March 31, 2019 Banking and Insurance Banking and Insurance (Dollars in thousands) Financial Services Services Total Financial Services Services Total Net interest income from external sources $ 15,180 $ — $ 15,180 $ 14,439 $ — $ 14,439 Other income from external sources 1,028 2,653 3,681 1,032 2,601 3,633 Depreciation and amortization 467 12 479 525 12 537 Income before income taxes 5,437 1,178 6,615 6,057 1,266 7,323 Income tax expense (1) 1,016 471 1,487 994 506 1,500 Total assets 2,075,806 4,430 2,080,236 1,834,400 5,729 1,840,129 (1) Insurance Services calculated at statutory tax rate of 28.1%.

STOCK-BASED COMPENSATION (Table

STOCK-BASED COMPENSATION (Tables)	3 Months Ended
	Mar. 31, 2020
STOCK-BASED COMPENSATION
Summary of Information Regarding Stock Option Plans	Information regarding our stock option plans for the three months ended March 31, 2020 is as follows: Weighted Average Weighted Exercise Average Aggregate Number of Price per Contractual Intrinsic Shares Share Term Value Outstanding, December 31, 2018 69,123 $ 11.10 Options granted — — Options expired (5,077) 11.37 Options exercised (14,304) 10.76 Outstanding, December 31, 2019 49,742 11.17 Outstanding, March 31, 2020 49,742 $ 11.17 $ 290,041 Exercisable, March 31, 2020 45,698 $ 11.02 $ 273,178
Summary of Information Regarding Restricted Stock Activity	The summary of changes in unvested restricted stock awards for the three months ended March 31, 2020, is as follows: 2020 Weighted Average Number of Grant Date Shares Fair Value Unvested restricted stock, beginning of year 112,673 $ 23.60 Granted (vesting period between 3-5 years) 59,939 24.51 Forfeited (134) 24.62 Vested (26,683) 23.52 Unvested restricted stock, end of period 145,795 $ 23.97

FAIR VALUE OF FINANCIAL INSTR_2

FAIR VALUE OF FINANCIAL INSTRUMENTS (Tables)	3 Months Ended
	Mar. 31, 2020
FAIR VALUE OF FINANCIAL INSTRUMENTS
Summary of Financial Assets Measured on a Recurring Basis	The following table summarizes the fair value of our financial instruments measured on a recurring basis by the above pricing observability levels as of March 31, 2020 and December 31, 2019: 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) March 31, 2020 U.S. government agencies $ 8,100 $ — $ 8,100 $ — U.S. government-sponsored enterprises 51,020 — 51,020 — State and political subdivisions 47,914 — 47,914 — Mortgage-backed securities - U.S. government-sponsored enterprises 85,674 — 85,674 — Private mortgage-backed securities 26,832 — 24,330 2,502 Corporate debt 12,665 — 11,651 1,014 Derivative instruments Interest rate swaps Liabilities 17,136 — 17,136 — 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 689 — 689 — Liabilities 3,890 — 3,890 —
Summary of Financial Assets Measured on a Nonrecurring Basis	For financial assets measured at fair value on a nonrecurring basis, the fair value measurements by level within the fair value hierarchy used at March 31, 2020 and December 31, 2019 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) March 31, 2020 Impaired loans $ 1,555 $ — $ — $ 1,555 December 31, 2019 Impaired loans $ 1,630 $ — $ — $ 1,630 Foreclosed real estate 2,183 — — 2,183
Qualitative Information About Level 3 Fair Value Measurements	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) March 31, 2020 Impaired loans $ 1,555 Appraisal of Appraisal 0% to -72.0% collateral adjustments (1) (-3.6%) 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% ) (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.
Estimated Fair Values of Financial Instruments	The fair values of our financial instruments at March 31, 2020 and December 31, 2019, were as follows: Quoted Prices in Active Significant Markets Other Significant March 31, 2020 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 $ 40,305 $ 40,305 $ 40,305 $ — $ — Time deposits with other banks 200 200 — 200 — Securities available for sale 232,205 232,205 — 228,689 3,516 Securities held to maturity 6,339 6,399 — 3,265 3,134 Other bank stock 12,487 12,487 — 12,487 — Loans receivable, net of allowance 1,674,271 1,750,798 — — 1,750,798 Accrued interest receivable 6,856 6,856 — 6,856 — Financial liabilities: Non-maturity deposits 1,021,120 1,021,120 — 1,021,120 — Time deposits 577,431 574,876 — 574,876 — Short-term borrowings 196,145 196,609 196,609 — — Long-term borrowings 34,127 34,779 — 34,779 — Subordinated debentures 27,871 28,884 — 28,884 — Accrued interest payable 1,670 1,670 — 1,670 — Interest rate swaps 17,136 17,136 — 17,136 — 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 689 689 — 689 — 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 —

DERIVATIVES (Tables)

DERIVATIVES (Tables)	3 Months Ended
	Mar. 31, 2020
DERIVATIVES
Schedule of Fair Value of Derivatives	March 31, 2020 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 $ — $ — Other Assets PNC 78,500 (5,489) Other Liabilities 7.5 US Bank — — Other Assets US Bank 310,000 (11,647) Other Liabilities 5 Total $ 388,500 $ (17,136) 3.2 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 (3,201) 3.3
Schedule of Derivative Financial Instruments Designated as Cash Flow Hedges	Three Months Ended March 31, 2020 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 $ (2,874) Not applicable $ — US Bank (6,868) Not applicable — Total $ (9,741) $ — Three Months Ended March 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 $ (811) Not applicable $ — US Bank (402) Not applicable — Total $ (1,213) $ —
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 March 31, 2020 Interest Rate Swaps (PNC) $ — (5,489) $ (5,489) — $ (5,750) $ 261 Interest Rate Swaps (US Bank) — (11,647) (11,647) — (11,410) (237) Total $ — (17,136) $ (17,136) — $ (17,160) $ 24 December 31, 2019 Interest Rate Swaps (PNC) $ 62 (1,440) $ (1,378) — $ (1,550) $ 172 Interest Rate Swaps (US Bank) 627 (2,450) (1,823) — (2,050) 227 Total $ 689 (3,890) $ (3,201) — $ (3,600) $ 399
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 March 31, 2020 Interest Rate Swaps (PNC) $ — (5,489) $ (5,489) — $ (5,750) $ 261 Interest Rate Swaps (US Bank) — (11,647) (11,647) — (11,410) (237) Total $ — (17,136) $ (17,136) — $ (17,160) $ 24 December 31, 2019 Interest Rate Swaps (PNC) $ 62 (1,440) $ (1,378) — $ (1,550) $ 172 Interest Rate Swaps (US Bank) 627 (2,450) (1,823) — (2,050) 227 Total $ 689 (3,890) $ (3,201) — $ (3,600) $ 399

REVENUE RECOGNITION (Tables)

REVENUE RECOGNITION (Tables)	3 Months Ended
	Mar. 31, 2020
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 three months ended March 31, 2020 and 2019. Sources of revenue outside the scope of ASC 606 are noted as such. Three Months Ended March 31, (Dollars In Thousands) 2020 2019 Other income: Service fees on deposit accounts $ 319 $ 330 ATM and debit card fees 245 231 Bank-owned life insurance (1) 228 230 Insurance commissions and fees 2,598 2,562 Investment brokerage fees (1) 15 56 Other 276 224 Total Other Income $ 3,681 $ 3,633 (1) Not within the scope of ASC 606.

RIGHT OF USE ASSET AND LEASE _2

RIGHT OF USE ASSET AND LEASE LIABILITY (Tables)	3 Months Ended
	Mar. 31, 2020
RIGHT OF USE ASSET AND LEASE LIABILITY
Schedule of the components of lease costs for operating leases	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): Three Months Ended March 31, 2020 Operating lease expense $ 184 Short term lease expense 86 Total lease expense $ 270
Schedule of supplemental balance sheet information related to leases	Supplemental balance sheet information related to leases was as follows (in thousands, except for weighted-averages): Operating Leases Classification March 31, 2020 ROU assets Right of use asset, net $ 4,535 Lease liabilities Lease liability $ 4,676 Weighted-average remaining lease term 9.0 Weighted-average discount rate 3.09 %
Schedule of supplemental cash flow information related to operating leases	Supplemental cash flow information related to operating leases was as follows (in thousands): Three Months Ended March 31, 2020 Cash paid for amounts included in the measurement of lease liabilities $ 182 ROU assets obtained in exchange for lease obligations $ 171
Schedule of lease payment obligations	Lease payment obligations for each of the next five years and thereafter with a reconciliation to the Company’s lease liability are as follows (in thousands): Year Operating Leases 2020 $ 480 2021 561 2022 561 2023 561 2024 561 Thereafter 2,712 Total lease payments 5,436 Less imputed interest (760) Total (1) $ 4,676 Lease liability maturities include 1st option of extension

SUMMARY OF SIGNIFICANT ACCOUN_3

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Narrative) (Details) $ in Thousands	Mar. 12, 2020	Jan. 01, 2019USD ($)	Mar. 31, 2020USD ($)Office	Mar. 31, 2019USD ($)	Dec. 31, 2019USD ($)
Significant Accounting Policies [Line Items]
Number of banking offices			19
Number of acquiring company shares to be received per common stock share in merger	1.357
Right-of-use assets, net | $			$ 4,535		$ 4,644
Lease liabilities | $			4,676
ASU 2016-02
Significant Accounting Policies [Line Items]
Adoption of practical expedient - Package		true
Adoption of practical expedient - Use of Hindsight		true
Right-of-use assets, net | $		$ 2,700
Lease liabilities | $		$ 2,700
ATM and debit card fees
Significant Accounting Policies [Line Items]
Revenue | $			245	$ 231
Insurance commissions and fees
Significant Accounting Policies [Line Items]
Revenue | $			$ 2,598	$ 2,562
Sussex County, New Jersey
Significant Accounting Policies [Line Items]
Number of banking offices			8
Bergen County, New Jersey
Significant Accounting Policies [Line Items]
Number of banking offices			4
Essex County New Jersey
Significant Accounting Policies [Line Items]
Number of banking offices			2
Hudson County, New Jersey
Significant Accounting Policies [Line Items]
Number of banking offices			1
Middlesex County, New Jersey
Significant Accounting Policies [Line Items]
Number of banking offices			1
Union County, New Jersey
Significant Accounting Policies [Line Items]
Number of banking offices			1
Warren County New Jersey
Significant Accounting Policies [Line Items]
Number of banking offices			1
Queens County New York [Member]
Significant Accounting Policies [Line Items]
Number of banking offices			1

SECURITIES - Amortized Cost and

SECURITIES - Amortized Cost and Fair Value of Securities Available for Sale (Details) - USD ($) $ in Thousands	Mar. 31, 2020	Dec. 31, 2019
Debt Securities, Available-for-sale [Line Items]
Amortized Cost	$ 230,127	$ 211,175
Gross Unrealized Gains	6,287	2,622
Gross Unrealized Losses	(4,209)	(1,616)
Fair Value	232,205	212,181
U.S. government agencies
Debt Securities, Available-for-sale [Line Items]
Amortized Cost	8,235	8,758
Gross Unrealized Gains		5
Gross Unrealized Losses	(135)	(84)
Fair Value	8,100	8,679
U.S. government-sponsored enterprises
Debt Securities, Available-for-sale [Line Items]
Amortized Cost	53,906	54,338
Gross Unrealized Gains	22
Gross Unrealized Losses	(2,908)	(1,089)
Fair Value	51,020	53,249
State and political subdivisions
Debt Securities, Available-for-sale [Line Items]
Amortized Cost	45,232	31,501
Gross Unrealized Gains	2,682	938
Gross Unrealized Losses	0	(225)
Fair Value	47,914	32,214
Mortgage-backed securities - U.S. government-sponsored enterprises
Debt Securities, Available-for-sale [Line Items]
Amortized Cost	82,891	81,449
Gross Unrealized Gains	3,160	1,198
Gross Unrealized Losses	(377)	(178)
Fair Value	85,674	82,469
Mortgage-backed securities - Private mortgage-backed securities
Debt Securities, Available-for-sale [Line Items]
Amortized Cost	26,858	22,110
Gross Unrealized Gains	331	368
Gross Unrealized Losses	(357)	(33)
Fair Value	26,832	22,445
Corporate debt
Debt Securities, Available-for-sale [Line Items]
Amortized Cost	13,005	13,019
Gross Unrealized Gains	92	113
Gross Unrealized Losses	(432)	(7)
Fair Value	$ 12,665	$ 13,125

SECURITIES - Additional Informa

SECURITIES - Additional Information (Details)	3 Months Ended
	Mar. 31, 2020USD ($)security	Mar. 31, 2019USD ($)	Dec. 31, 2019USD ($)security
Schedule Of Available-For-Sale And Held-To-Maturity [Line Items]
Available-for-sale, restricted	$ 4,100,000		$ 2,500,000
Gross gains on sales of securities available for sale	0	$ 0
Gross losses on sales of securities available for sale	0	$ 0
Unrealized loss position, fair value	100,515,000		107,929,000
Unrealized loss position, accumulated loss	$ 4,209,000		$ 1,616,000
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	7		6
Unrealized loss position, fair value	$ 8,100,000		$ 5,966,000
Unrealized loss position, accumulated loss	135,000		$ 84,000
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	25		26
Unrealized loss position, fair value	$ 48,584,000		$ 53,249,000
Unrealized loss position, accumulated loss	2,908,000		$ 1,089,000
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	0		14
Unrealized loss position, fair value			$ 17,421,000
Unrealized loss position, accumulated loss			$ 225,000
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	15		13
Unrealized loss position, fair value	$ 23,641,000		$ 22,178,000
Unrealized loss position, accumulated loss	377,000		$ 178,000
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	5		3
Unrealized loss position, fair value	$ 12,101,000		$ 6,973,000
Unrealized loss position, accumulated loss	357,000		$ 33,000
Other-than-temporary Impairment Loss, Debt Securities, Available-for-sale	$ 0
Corporate debt
Schedule Of Available-For-Sale And Held-To-Maturity [Line Items]
Continuous unrealized loss position, number of positions | security	4		0
Unrealized loss position, fair value	$ 8,089,000		$ 2,142,000
Unrealized loss position, accumulated loss	432,000		$ 7,000
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	Mar. 31, 2020	Dec. 31, 2019
Amortized Cost
Due in one year or less	$ 0
Due after one year through five years	0
Due after five years through ten years	12,914
Due after ten years	45,323
Total bonds and obligations	58,237
Amortized Cost	230,127	$ 211,175
Fair Value
Due in one year or less	0
Due after one year through five years	0
Due after five years through ten years	13,013
Due after ten years	47,566
Total bonds and obligations	60,579
Total available for sale securities	232,205	212,181
U.S. government agencies
Amortized Cost
Available for sale	8,235
Amortized Cost	8,235	8,758
Fair Value
Available for sale	8,100
Total available for sale securities	8,100	8,679
U.S. government-sponsored enterprises
Amortized Cost
Available for sale	53,906
Amortized Cost	53,906	54,338
Fair Value
Available for sale	51,020
Total available for sale securities	51,020	53,249
Mortgage-backed securities - U.S. government-sponsored enterprises
Amortized Cost
Available for sale	82,891
Amortized Cost	82,891	81,449
Fair Value
Available for sale	85,674
Total available for sale securities	85,674	82,469
Mortgage-backed securities - Private mortgage-backed securities
Amortized Cost
Available for sale	26,858
Amortized Cost	26,858	22,110
Fair Value
Available for sale	26,832
Total available for sale securities	$ 26,832	$ 22,445

SECURITIES - Temporarily Impair

SECURITIES - Temporarily Impaired Gross Unrealized Losses And Fair Value Of Available-For-Sale Securities (Details) - USD ($) $ in Thousands	Mar. 31, 2020	Dec. 31, 2019
Debt Securities, Available-for-sale [Line Items]
Less Than 12 Months - Fair Value	$ 70,109	$ 87,851
Less Than 12 Months - Gross Unrealized Losses	(2,587)	(1,148)
12 Months or More - Fair Value	30,406	20,078
12 Months or More - Gross Unrealized Losses	(1,622)	(468)
Total - Fair Value	100,515	107,929
Total - Gross Unrealized Losses	(4,209)	(1,616)
U.S. government agencies
Debt Securities, Available-for-sale [Line Items]
Less Than 12 Months - Fair Value	2,404
Less Than 12 Months - Gross Unrealized Losses	(64)
12 Months or More - Fair Value	5,696	5,966
12 Months or More - Gross Unrealized Losses	(71)	(84)
Total - Fair Value	8,100	5,966
Total - Gross Unrealized Losses	(135)	(84)
U.S. government-sponsored enterprises
Debt Securities, Available-for-sale [Line Items]
Less Than 12 Months - Fair Value	28,184	44,110
Less Than 12 Months - Gross Unrealized Losses	(1,411)	(770)
12 Months or More - Fair Value	20,400	9,139
12 Months or More - Gross Unrealized Losses	(1,497)	(319)
Total - Fair Value	48,584	53,249
Total - Gross Unrealized Losses	(2,908)	(1,089)
State and political subdivisions
Debt Securities, Available-for-sale [Line Items]
Less Than 12 Months - Fair Value		17,421
Less Than 12 Months - Gross Unrealized Losses		(225)
12 Months or More - Fair Value	0	0
12 Months or More - Gross Unrealized Losses	0	0
Total - Fair Value		17,421
Total - Gross Unrealized Losses		(225)
Mortgage-backed securities - U.S. government-sponsored enterprises
Debt Securities, Available-for-sale [Line Items]
Less Than 12 Months - Fair Value	19,331	17,205
Less Than 12 Months - Gross Unrealized Losses	(323)	(113)
12 Months or More - Fair Value	4,310	4,973
12 Months or More - Gross Unrealized Losses	(54)	(65)
Total - Fair Value	23,641	22,178
Total - Gross Unrealized Losses	(377)	(178)
Mortgage-backed securities - Private mortgage-backed securities
Debt Securities, Available-for-sale [Line Items]
Less Than 12 Months - Fair Value	12,101	6,973
Less Than 12 Months - Gross Unrealized Losses	(357)	(33)
12 Months or More - Fair Value	0	0
12 Months or More - Gross Unrealized Losses	0	0
Total - Fair Value	12,101	6,973
Total - Gross Unrealized Losses	(357)	(33)
Corporate debt
Debt Securities, Available-for-sale [Line Items]
Less Than 12 Months - Fair Value	8,089	2,142
Less Than 12 Months - Gross Unrealized Losses	(432)	(7)
12 Months or More - Fair Value	0	0
12 Months or More - Gross Unrealized Losses	0	0
Total - Fair Value	8,089	2,142
Total - Gross Unrealized Losses	$ (432)	$ (7)

SECURITIES - Amortized Cost A_3

SECURITIES - Amortized Cost And Approximate Fair Value Of Securities Held-To-Maturity (Details) - USD ($) $ in Thousands	Mar. 31, 2020	Dec. 31, 2019
Schedule of Held-to-maturity Securities [Line Items]
Total held to maturity securities	$ 6,339
Securities held to maturity, fair value	6,399	$ 4,083
State and political subdivisions
Schedule of Held-to-maturity Securities [Line Items]
Total held to maturity securities	6,339	4,012
Gross Unrealized Gains	60	71
Gross Unrealized Losses	0	0
Securities held to maturity, fair value	$ 6,399	$ 4,083

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	Mar. 31, 2020	Dec. 31, 2019
Amortized Cost
Due in one year or less	$ 3,823
Due after one year through five years	1,500
Due after five years through ten years	1,016
Due after ten years	0
Total held to maturity securities	6,339
Fair Value
Due in one year or less	3,824
Due after one year through five years	1,527
Due after five years through ten years	1,048
Due after ten years	0
Total held to maturity securities	$ 6,399	$ 4,083

LOANS - Composition of Net Loan

LOANS - Composition of Net Loans Receivable (Details) - USD ($) $ in Thousands	Mar. 31, 2020	Dec. 31, 2019
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans receivable	$ 1,686,432	$ 1,630,112
Unearned net loan origination fees	(1,294)	(1,266)
Allowance for loan losses	(10,867)	(10,267)
Net loans receivable	1,674,271	1,618,579
Commercial and Industrial
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans receivable	133,654	124,937
Construction
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans receivable	114,734	125,291
Commercial Real Estate
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans receivable	1,056,745	995,220
Residential Real Estate
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans receivable	379,396	382,567
Consumer and Other
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans receivable	$ 1,903	$ 2,097

LOANS - Narrative (Details)

LOANS - Narrative (Details) - USD ($) $ in Thousands	Mar. 31, 2020	Dec. 31, 2019
Accounts, Notes, Loans and Financing Receivable [Line Items]
Mortgage loans serviced for the benefit of others	$ 215	$ 218
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	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Certain Loans Acquired in Transfer Not Accounted for as Debt Securities, Accretable Yield Movement Schedule [Roll Forward]
Accretable yield, beginning balance	$ 225	$ 539
Acquisition of impaired loans	0	0
Accretable yield amortized to interest income	(34)	(79)
Reclassification from non-accretable difference	0	0
Accretable yield, ending balance	$ 191	$ 460

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	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Financing Receivable, Allowance for Credit Loss [Roll Forward]
Beginning balance	$ 10,267	$ 8,775
Charge-offs	(353)	(168)
Recoveries	74	12
Provision	879	571
Ending balance	10,867	9,190
Commercial and Industrial
Financing Receivable, Allowance for Credit Loss [Roll Forward]
Beginning balance	1,175	603
Charge-offs	(343)	(45)
Recoveries	46	1
Provision	42	88
Ending balance	920	647
Construction
Financing Receivable, Allowance for Credit Loss [Roll Forward]
Beginning balance	537	663
Charge-offs	0	0
Recoveries	0	0
Provision	343	(304)
Ending balance	880	359
Commercial Real Estate
Financing Receivable, Allowance for Credit Loss [Roll Forward]
Beginning balance	6,717	5,575
Charge-offs	0	(5)
Recoveries	0	1
Provision	624	733
Ending balance	7,341	6,304
Residential Real Estate
Financing Receivable, Allowance for Credit Loss [Roll Forward]
Beginning balance	1,338	1,371
Charge-offs	0	(93)
Recoveries	25	7
Provision	119	64
Ending balance	1,482	1,349
Consumer and Other
Financing Receivable, Allowance for Credit Loss [Roll Forward]
Beginning balance	9	23
Charge-offs	(10)	(25)
Recoveries	3	3
Provision	10	18
Ending balance	12	19
Unallocated
Financing Receivable, Allowance for Credit Loss [Roll Forward]
Beginning balance	491	540
Charge-offs	0	0
Recoveries	0	0
Provision	(259)	(28)
Ending balance	$ 232	$ 512

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	Mar. 31, 2020	Dec. 31, 2019	Mar. 31, 2019	Dec. 31, 2018
Financing Receivable, Allowance for Credit Loss [Line Items]
Allowance for Loan Losses	$ 10,867	$ 10,267	$ 9,190	$ 8,775
Balance Loans Individually Evaluated for Impairment	371	716
Balance Related to Loans Collectively Evaluated for Impairment	10,264	9,060
Net loans receivable	1,686,432	1,630,112
Individually Evaluated for Impairment	13,181	14,263
Collectively Evaluated for Impairment	1,673,251	1,615,849
Commercial and Industrial
Financing Receivable, Allowance for Credit Loss [Line Items]
Allowance for Loan Losses	920	1,175	647	603
Balance Loans Individually Evaluated for Impairment	10	353
Balance Related to Loans Collectively Evaluated for Impairment	910	822
Net loans receivable	133,654	124,937
Individually Evaluated for Impairment	309	835
Collectively Evaluated for Impairment	133,345	124,102
Construction
Financing Receivable, Allowance for Credit Loss [Line Items]
Allowance for Loan Losses	880	537	359	663
Balance Loans Individually Evaluated for Impairment	0	0
Balance Related to Loans Collectively Evaluated for Impairment	880	537
Net loans receivable	114,734	125,291
Individually Evaluated for Impairment	0	250
Collectively Evaluated for Impairment	114,734	125,041
Commercial Real Estate
Financing Receivable, Allowance for Credit Loss [Line Items]
Allowance for Loan Losses	7,341	6,717	6,304	5,575
Balance Loans Individually Evaluated for Impairment	291	296
Balance Related to Loans Collectively Evaluated for Impairment	7,050	6,421
Net loans receivable	1,056,745	995,220
Individually Evaluated for Impairment	7,913	7,176
Collectively Evaluated for Impairment	1,048,832	988,044
Residential Real Estate
Financing Receivable, Allowance for Credit Loss [Line Items]
Allowance for Loan Losses	1,482	1,338	1,349	1,371
Balance Loans Individually Evaluated for Impairment	70	67
Balance Related to Loans Collectively Evaluated for Impairment	1,412	1,271
Net loans receivable	379,396	382,567
Individually Evaluated for Impairment	4,959	6,002
Collectively Evaluated for Impairment	374,437	376,565
Consumer and Other
Financing Receivable, Allowance for Credit Loss [Line Items]
Allowance for Loan Losses	12	9	19	23
Balance Loans Individually Evaluated for Impairment	0	0
Balance Related to Loans Collectively Evaluated for Impairment	12	9
Net loans receivable	1,903	2,097
Individually Evaluated for Impairment	0	0
Collectively Evaluated for Impairment	1,903	2,097
Unallocated
Financing Receivable, Allowance for Credit Loss [Line Items]
Allowance for Loan Losses	232	491	$ 512	$ 540
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	Mar. 31, 2020	Dec. 31, 2019
Financing Receivable, Past Due [Line Items]
Total Past Due	$ 18,024	$ 19,212
Current	1,668,408	1,610,900
Net loans receivable	1,686,432	1,630,112
Recorded Investment 90 Days and Accruing	0	0
30-59 Days Past Due
Financing Receivable, Past Due [Line Items]
Total Past Due	4,653	7,203
60-89 days Past Due
Financing Receivable, Past Due [Line Items]
Total Past Due	310	594
Greater Than 90 Days
Financing Receivable, Past Due [Line Items]
Total Past Due	13,061	11,415
Commercial and Industrial
Financing Receivable, Past Due [Line Items]
Total Past Due	212	1,006
Current	133,442	123,931
Net loans receivable	133,654	124,937
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	0	300
Commercial and Industrial | 60-89 days Past Due
Financing Receivable, Past Due [Line Items]
Total Past Due	0	5
Commercial and Industrial | Greater Than 90 Days
Financing Receivable, Past Due [Line Items]
Total Past Due	212	701
Construction
Financing Receivable, Past Due [Line Items]
Total Past Due	85	0
Current	114,649	125,291
Net loans receivable	114,734	125,291
Recorded Investment 90 Days and Accruing	0	0
Construction | 30-59 Days Past Due
Financing Receivable, Past Due [Line Items]
Total Past Due	85	0
Construction | 60-89 days Past Due
Financing Receivable, Past Due [Line Items]
Total Past Due	0	0
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	11,071	12,037
Current	1,045,674	983,183
Net loans receivable	1,056,745	995,220
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	3,669	6,326
Commercial Real Estate | 60-89 days Past Due
Financing Receivable, Past Due [Line Items]
Total Past Due	65	68
Commercial Real Estate | Greater Than 90 Days
Financing Receivable, Past Due [Line Items]
Total Past Due	7,337	5,643
Residential Real Estate
Financing Receivable, Past Due [Line Items]
Total Past Due	6,408	6,153
Current	372,988	376,414
Net loans receivable	379,396	382,567
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	859	563
Residential Real Estate | 60-89 days Past Due
Financing Receivable, Past Due [Line Items]
Total Past Due	37	520
Residential Real Estate | Greater Than 90 Days
Financing Receivable, Past Due [Line Items]
Total Past Due	5,512	5,070
Consumer and Other
Financing Receivable, Past Due [Line Items]
Total Past Due	248	16
Current	1,655	2,081
Net loans receivable	1,903	2,097
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	40	14
Consumer and Other | 60-89 days Past Due
Financing Receivable, Past Due [Line Items]
Total Past Due	208	1
Consumer and Other | Greater Than 90 Days
Financing Receivable, Past Due [Line Items]
Total Past Due	$ 0	$ 1

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	Mar. 31, 2020	Dec. 31, 2019
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans for which accrual of interest has been discounted	$ 13,061	$ 11,415
Commercial and Industrial
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans for which accrual of interest has been discounted	212	701
Commercial Real Estate
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans for which accrual of interest has been discounted	7,337	5,643
Residential Real Estate
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans for which accrual of interest has been discounted	$ 5,512	5,070
Consumer and Other
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans for which accrual of interest has been discounted		$ 1

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	Mar. 31, 2020	Dec. 31, 2019
Financing Receivable, Credit Quality Indicator [Line Items]
Total loans receivable	$ 1,686,432	$ 1,630,112
Commercial and Industrial
Financing Receivable, Credit Quality Indicator [Line Items]
Total loans receivable	133,654	124,937
Construction
Financing Receivable, Credit Quality Indicator [Line Items]
Total loans receivable	114,734	125,291
Commercial Real Estate
Financing Receivable, Credit Quality Indicator [Line Items]
Total loans receivable	1,056,745	995,220
Total
Financing Receivable, Credit Quality Indicator [Line Items]
Total loans receivable	1,305,133	1,245,448
Residential Real Estate
Financing Receivable, Credit Quality Indicator [Line Items]
Total loans receivable	379,396	382,567
Consumer and Other
Financing Receivable, Credit Quality Indicator [Line Items]
Total loans receivable	1,903	2,097
Pass | Commercial and Industrial
Financing Receivable, Credit Quality Indicator [Line Items]
Total loans receivable	133,281	124,102
Pass | Construction
Financing Receivable, Credit Quality Indicator [Line Items]
Total loans receivable	110,392	122,689
Pass | Commercial Real Estate
Financing Receivable, Credit Quality Indicator [Line Items]
Total loans receivable	1,040,848	982,480
Pass | Total
Financing Receivable, Credit Quality Indicator [Line Items]
Total loans receivable	1,284,520	1,229,271
Special Mention | Commercial and Industrial
Financing Receivable, Credit Quality Indicator [Line Items]
Total loans receivable	0	0
Special Mention | Construction
Financing Receivable, Credit Quality Indicator [Line Items]
Total loans receivable	4,342	2,352
Special Mention | Commercial Real Estate
Financing Receivable, Credit Quality Indicator [Line Items]
Total loans receivable	5,401	5,520
Special Mention | Total
Financing Receivable, Credit Quality Indicator [Line Items]
Total loans receivable	9,744	7,872
Substandard | Commercial and Industrial
Financing Receivable, Credit Quality Indicator [Line Items]
Total loans receivable	373	835
Substandard | Construction
Financing Receivable, Credit Quality Indicator [Line Items]
Total loans receivable		250
Substandard | Commercial Real Estate
Financing Receivable, Credit Quality Indicator [Line Items]
Total loans receivable	10,496	7,220
Substandard | Total
Financing Receivable, Credit Quality Indicator [Line Items]
Total loans receivable	10,869	8,305
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	372,741	377,497
Performing | Consumer and Other
Financing Receivable, Credit Quality Indicator [Line Items]
Total loans receivable	1,903	2,096
Non-performing | Residential Real Estate
Financing Receivable, Credit Quality Indicator [Line Items]
Total loans receivable	6,655	5,070
Non-performing | Consumer and Other
Financing Receivable, Credit Quality Indicator [Line Items]
Total loans receivable	$ 0	$ 1

ALLOWANCE FOR LOAN LOSSES AND_8

ALLOWANCE FOR LOAN LOSSES AND CREDIT QUALITY OF FINANCING RECEIVABLES - Impaired Loans (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019	Dec. 31, 2019
Recorded Investment
Total	$ 13,181		$ 14,263
Unpaid Principal Balance
Total	14,689		13,847
Related Allowance	371		716
Average Recorded Investment
With no related allowance recorded	12,345	$ 19,348
With an allowance recorded	1,285	2,043
Total	13,630	21,391
Interest Income Recognized
With no related allowance recorded	27	142
With an allowance recorded	0	10
Total	27	152
Commercial and Industrial
Recorded Investment
With no related allowance recorded	160		345
With an allowance recorded	149		490
Total	309		835
Unpaid Principal Balance
With no related allowance recorded	160		495
With an allowance recorded	491		491
Total	652		986
Related Allowance	10		353
Average Recorded Investment
With no related allowance recorded	251	79
With an allowance recorded	320	335
Interest Income Recognized
With no related allowance recorded	2	0
With an allowance recorded	0	5
Construction
Recorded Investment
With no related allowance recorded			250
Total			250
Unpaid Principal Balance
With no related allowance recorded			250
Total			250
Related Allowance	0
Average Recorded Investment
With no related allowance recorded	0	0
Interest Income Recognized
With no related allowance recorded	0	0
Commercial Real Estate
Recorded Investment
With no related allowance recorded	7,429		6,632
With an allowance recorded	484		544
Total	7,913		7,176
Unpaid Principal Balance
With no related allowance recorded	7,905		5,790
With an allowance recorded	586		498
Total	8,491		6,288
Related Allowance	291		296
Average Recorded Investment
With no related allowance recorded	6,536	15,469
With an allowance recorded	486	936
Interest Income Recognized
With no related allowance recorded	9	124
With an allowance recorded	0	5
Residential Real Estate
Recorded Investment
With no related allowance recorded	4,554		5,450
With an allowance recorded	405		552
Total	4,959		6,002
Unpaid Principal Balance
With no related allowance recorded	5,142		5,775
With an allowance recorded	405		548
Total	5,547		6,323
Related Allowance	70		$ 67
Average Recorded Investment
With no related allowance recorded	5,558	3,800
With an allowance recorded	479	772
Interest Income Recognized
With no related allowance recorded	16	18
With an allowance recorded	$ 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	3 Months Ended
	Mar. 31, 2020USD ($)loan	Mar. 31, 2019USD ($)loan	Dec. 31, 2019USD ($)
Financing Receivable, Troubled Debt Restructuring [Line Items]
Total investment in troubled debt	$ 2,490		$ 2,524
Number of Loans | loan	0	1
Pre-Modification Outstanding Recorded Investment		$ 514
Commercial Real Estate
Financing Receivable, Troubled Debt Restructuring [Line Items]
Total investment in troubled debt	$ 790		811
Commercial and Industrial
Financing Receivable, Troubled Debt Restructuring [Line Items]
Total investment in troubled debt	160		166
Residential Real Estate
Financing Receivable, Troubled Debt Restructuring [Line Items]
Total investment in troubled debt	1,540		1,547
Commercial and Industrial
Financing Receivable, Troubled Debt Restructuring [Line Items]
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]
Number of Loans | loan		3
Pre-Modification Outstanding Recorded Investment		$ 636
Post-Modification Outstanding Recorded Investment		$ 635
Performing
Financing Receivable, Troubled Debt Restructuring [Line Items]
Total investment in troubled debt	1,448		1,456
Performing | Commercial Real Estate
Financing Receivable, Troubled Debt Restructuring [Line Items]
Total investment in troubled debt	412		416
Performing | Commercial and Industrial
Financing Receivable, Troubled Debt Restructuring [Line Items]
Total investment in troubled debt	130		131
Performing | Residential Real Estate
Financing Receivable, Troubled Debt Restructuring [Line Items]
Total investment in troubled debt	906		909
Non-performing
Financing Receivable, Troubled Debt Restructuring [Line Items]
Total investment in troubled debt	1,042		1,068
Non-performing | Commercial Real Estate
Financing Receivable, Troubled Debt Restructuring [Line Items]
Total investment in troubled debt	378		395
Non-performing | Commercial and Industrial
Financing Receivable, Troubled Debt Restructuring [Line Items]
Total investment in troubled debt	30		35
Non-performing | Residential Real Estate
Financing Receivable, Troubled Debt Restructuring [Line Items]
Total investment in troubled debt	$ 634		$ 638

ALLOWANCE FOR LOAN LOSSES AN_10

ALLOWANCE FOR LOAN LOSSES AND CREDIT QUALITY OF FINANCING RECEIVABLES - Additional Information (Details) $ in Thousands	3 Months Ended
	Mar. 31, 2020USD ($)loan	Mar. 31, 2019USD ($)loan	Dec. 31, 2019USD ($)
ALLOWANCE FOR LOAN LOSSES AND CREDIT QUALITY OF FINANCING RECEIVABLES
Number of loans modified by troubled debt restructuring | loan	0	1
Number of loans with subsequent default | loan	0	0
Foreclosed real estate	$ 3,097		$ 3,793
Carrying value of collateralized consumer loans	$ 1,686,432		$ 1,630,112
Troubled debt restructuring amount		$ 514

EARNINGS PER SHARE (Details)

EARNINGS PER SHARE (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
EARNINGS PER SHARE
Shares outstanding (weighted average) (in shares)	9,259,825	9,416,987
Shares held by Rabbi Trust (in shares)	95,027	99,029
Shares liability under deferred compensation agreement (in shares)	(95,027)	(99,029)
Basic earnings per share:
Net earnings applicable to common stockholders	$ 5,128	$ 5,823
Basic earnings per share (in shares)	9,259,825	9,416,987
Basic (in dollars per share)	$ 0.55	$ 0.62
Effect of dilutive securities:
Unvested stock awards (in shares)	44,792	43,131
Diluted earnings per share:
Net income applicable to common stockholders and assumed conversions	$ 5,128	$ 5,823
Diluted earnings per share (in shares)	9,304,617	9,460,118
Diluted earnings per share (in dollars per share)	$ 0.55	$ 0.62
Shares of common stock outstanding not included in the computation of diluted EPS (in shares)	38,390	0

OTHER COMPREHENSIVE INCOME - Co

OTHER COMPREHENSIVE INCOME - Components (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Accumulated other comprehensive (loss) income, net of tax
Beginning balance, net of tax	$ (1,510)	$ (1,518)
Other comprehensive (loss) income before reclassification, net of tax	(12,860)	1,178
Amounts reclassified from accumulated other comprehensive income (loss), net of tax	(3,836)	302
Other comprehensive (loss), net of income taxes	(9,024)	876
Ending balance, net of tax	(10,534)	(642)
Accumulated Other Comprehensive Income
Accumulated other comprehensive (loss) income, net of tax
Other comprehensive (loss), net of income taxes	(9,024)	876
Unrealized gains (losses) on available for sale securities
Accumulated other comprehensive (loss) income, net of tax
Beginning balance, net of tax	680	680
Other comprehensive (loss) income before reclassification, net of tax	1,073	2,912
Amounts reclassified from accumulated other comprehensive income (loss), net of tax	356	824
Other comprehensive (loss), net of income taxes	717	2,088
Ending balance, net of tax	1,397	2,768
Unrealized gains (losses) on derivatives
Accumulated other comprehensive (loss) income, net of tax
Beginning balance, net of tax	(2,198)	(2,198)
Other comprehensive (loss) income before reclassification, net of tax	(13,933)	(1,734)
Amounts reclassified from accumulated other comprehensive income (loss), net of tax	(4,192)	(522)
Other comprehensive (loss), net of income taxes	(9,741)	(1,212)
Ending balance, net of tax	(11,939)	$ (3,410)
Retirement benefit plan
Accumulated other comprehensive (loss) income, net of tax
Beginning balance, net of tax	8
Amounts reclassified from accumulated other comprehensive income (loss), net of tax	0
Other comprehensive (loss), net of income taxes	0
Ending balance, net of tax	$ 8

GOODWILL AND OTHER INTANGIBLE_2

GOODWILL AND OTHER INTANGIBLES (Narrative) (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019	Dec. 31, 2019	Dec. 21, 2018	Jan. 04, 2018
Finite-Lived Intangible Assets [Line Items]
Goodwill	$ 27,300		$ 27,300
Write-down of goodwill	0
Amortization of Intangible Assets	91	$ 102
Core deposits
Finite-Lived Intangible Assets [Line Items]
Amortization of Intangible Assets	91	$ 102
Insurance Services
Finite-Lived Intangible Assets [Line Items]
Goodwill	2,300		2,300
Banking and Financial Services
Finite-Lived Intangible Assets [Line Items]
Goodwill	486		486
Community Bank of Bergen County Merger
Finite-Lived Intangible Assets [Line Items]
Goodwill	22,300		22,300
Community Bank of Bergen County Merger | Core deposits
Finite-Lived Intangible Assets [Line Items]
Intangibles					$ 1,300
Enterprise Bank N.J.
Finite-Lived Intangible Assets [Line Items]
Goodwill	$ 2,200		$ 2,200
Enterprise Bank N.J. | Core deposits
Finite-Lived Intangible Assets [Line Items]
Intangibles				$ 1,000

GOODWILL AND OTHER INTANGIBLE_3

GOODWILL AND OTHER INTANGIBLES (Schedule of Estimated Future Amortization Expense) (Details) $ in Thousands	Mar. 31, 2020USD ($)
GOODWILL AND OTHER INTANGIBLES
2020	$ 273
2021	320
2022	277
2023	234
2024	$ 191

SEGMENT INFORMATION (Details)

SEGMENT INFORMATION (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019	Dec. 31, 2019
Segment Reporting Information [Line Items]
Net interest income from external sources	$ 15,180	$ 14,439
Other income from external sources	3,681	3,633
Depreciation and amortization	479	537
Income before income taxes	6,615	7,323
Income tax expense	1,487	1,500
Total assets	2,080,236	1,840,129	$ 2,001,657
Banking and Financial Services
Segment Reporting Information [Line Items]
Net interest income from external sources	15,180	14,439
Other income from external sources	1,028	1,032
Depreciation and amortization	467	525
Income before income taxes	5,437	6,057
Income tax expense	1,016	994
Total assets	2,075,806	1,834,400
Insurance Services
Segment Reporting Information [Line Items]
Other income from external sources	2,653	2,601
Depreciation and amortization	12	12
Income before income taxes	1,178	1,266
Income tax expense	471	506
Total assets	$ 4,430	$ 5,729
Statutory tax rate (in percentage)	28.10%	28.10%

STOCK-BASED COMPENSATION - Narr

STOCK-BASED COMPENSATION - Narrative (Details) - USD ($) $ in Thousands	3 Months Ended		12 Months Ended
	Mar. 31, 2020	Mar. 31, 2019	Dec. 31, 2019
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period (in years)	5 years
Options granted (in shares)	0	0	0
Stock options expected future expense	$ 12
Restricted stock awards expense	348	$ 178
Stock options
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock-based compensation expense	$ 4	$ 12
Unrecognized compensation expense (in years)	8 months 1 day
Restricted stock
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Unrecognized compensation expense for non-vested restricted stock	$ 2,800
Unrecognized compensation expense (in years)	3 years 10 months 24 days
Minimum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period (in years)	3 years
Minimum | Stock options
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period (in years)	1 year
Minimum | Restricted stock
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period (in years)	3 years
Maximum | Stock options
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock option grants, maximum term (in years)	10 years
Vesting period (in years)	5 years
Maximum | Restricted stock
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period (in years)	5 years

STOCK-BASED COMPENSATION (Summa

STOCK-BASED COMPENSATION (Summary Of Information Regarding Stock Option Plans) (Details) - USD ($)	3 Months Ended		12 Months Ended
	Mar. 31, 2020	Mar. 31, 2019	Dec. 31, 2019
Number of Shares
Options outstanding, beginning of year (in shares)	49,742	69,123	69,123
Options granted (in shares)	0	0	0
Options expired (in shares)			(5,077)
Options forfeited (in shares)			(14,304)
Options outstanding, end of year (in shares)	49,742		49,742
Options exercisable, end of year (in shares)	45,698
Weighted Average Exercise Price per Share
Options outstanding, beginning of year (in dollars per share)	$ 11.17	$ 11.10	$ 11.10
Options granted (in dollars per share)			0
Options expired (in dollars per share)			11.37
Options forfeited (in dollars per share)			10.76
Options outstanding, end of year (in dollars per share)	11.17		$ 11.17
Options exercisable, end of year (in dollars per share)	$ 11.02
Share-based Compensation Arrangement by Share-based Payment Award, Options, Additional Disclosures [Abstract]
Weighted Average Contractual Term, Outstanding, end of year	2 months 1 day
Weighted Average Contractual Term, Exercisable, end of year	5 years 1 month 6 days
Aggregate Intrinsic Value, Outstanding, end of year	$ 290,041
Aggregate Intrinsic Value, Exercisable, end of year	$ 273,178

STOCK-BASED COMPENSATION (Sum_2

STOCK-BASED COMPENSATION (Summary Of Information Regarding Restricted Stock Activity) (Details)	3 Months Ended
	Mar. 31, 2020$ / sharesshares
Number of Shares
Unvested restricted stock, beginning of year (in shares) | shares	112,673
Granted (in shares) | shares	59,939
Forfeited (in shares) | shares	(134)
Vested (in shares) | shares	(26,683)
Unvested restricted stock, end of period (in shares) | shares	145,795
Weighted Average Grant Date Fair Value
Unvested restricted stock, beginning of year (in dollars per share) | $ / shares	$ 23.60
Granted (in dollars per share) | $ / shares	24.51
Forfeited (in dollars per share) | $ / shares	24.62
Vested (in dollars per share) | $ / shares	23.52
Unvested restricted stock, end of period (in dollars per share) | $ / shares	$ 23.97
Vesting period (in years)	5 years
Minimum
Weighted Average Grant Date Fair Value
Vesting period (in years)	3 years

GUARANTEES (Details)

GUARANTEES (Details) $ in Millions	3 Months Ended
	Mar. 31, 2020USD ($)
Guarantees [Abstract]
Letter of credit, expiration term	1 year
Undrawn standby letters of credit outstanding	$ 2

FAIR VALUE OF FINANCIAL INSTR_3

FAIR VALUE OF FINANCIAL INSTRUMENTS - Summary Of Financial Assets Measured On A Recurring Basis (Details) - USD ($) $ in Thousands	Mar. 31, 2020	Dec. 31, 2019
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total available for sale securities	$ 232,205	$ 212,181
Derivatives in Asset Position	0	689
Derivatives in Liability Position	17,136	3,890
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
Derivatives in Asset Position		0
Derivatives in Liability Position		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	228,689	208,580
Derivatives in Asset Position		689
Derivatives in Liability Position	17,136	3,890
Significant Unobservable Inputs (Level III)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total available for sale securities	3,516	3,601
Derivatives in Asset Position		0
Derivatives in Liability Position		0
Fair Value, Recurring [Member] | Interest Rate Swaps
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivatives in Asset Position		689
Derivatives in Liability Position	17,136	3,890
Fair Value, Recurring [Member] | Quoted Prices in Active Markets for Identical Assets (Level I) | Interest Rate Swaps
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivatives in Asset Position		0
Derivatives in Liability Position	0	0
Fair Value, Recurring [Member] | Significant Other Observable Inputs (Level II) | Interest Rate Swaps
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivatives in Asset Position		689
Derivatives in Liability Position	17,136	3,890
Fair Value, Recurring [Member] | Significant Unobservable Inputs (Level III) | Interest Rate Swaps
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivatives in Asset Position		0
Derivatives in Liability Position	0	0
U.S. government agencies
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total available for sale securities	8,100	8,679
U.S. government agencies | Fair Value, Recurring [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total available for sale securities	8,100	8,679
U.S. government agencies | Fair Value, Recurring [Member] | 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 | Fair Value, Recurring [Member] | Significant Other Observable Inputs (Level II)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total available for sale securities	8,100	8,679
U.S. government agencies | Fair Value, Recurring [Member] | 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	51,020	53,249
U.S. government-sponsored enterprises | Fair Value, Recurring [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total available for sale securities	51,020	53,249
U.S. government-sponsored enterprises | Fair Value, Recurring [Member] | 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 | Fair Value, Recurring [Member] | Significant Other Observable Inputs (Level II)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total available for sale securities	51,020	53,249
U.S. government-sponsored enterprises | Fair Value, Recurring [Member] | 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	47,914	32,214
State and political subdivisions | Fair Value, Recurring [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total available for sale securities	47,914	32,214
State and political subdivisions | Fair Value, Recurring [Member] | 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 | Fair Value, Recurring [Member] | Significant Other Observable Inputs (Level II)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total available for sale securities	47,914	32,214
State and political subdivisions | Fair Value, Recurring [Member] | 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	85,674	82,469
Mortgage-backed securities - U.S. government-sponsored enterprises | Fair Value, Recurring [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total available for sale securities	85,674	82,469
Mortgage-backed securities - U.S. government-sponsored enterprises | Fair Value, Recurring [Member] | 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 | Fair Value, Recurring [Member] | Significant Other Observable Inputs (Level II)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total available for sale securities	85,674	82,469
Mortgage-backed securities - U.S. government-sponsored enterprises | Fair Value, Recurring [Member] | 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	26,832	22,445
Mortgage-backed securities - Private mortgage-backed securities | Fair Value, Recurring [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total available for sale securities	26,832	22,445
Mortgage-backed securities - Private mortgage-backed securities | Fair Value, Recurring [Member] | 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 - Private mortgage-backed securities | Fair Value, Recurring [Member] | Significant Other Observable Inputs (Level II)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total available for sale securities	24,330	19,873
Mortgage-backed securities - Private mortgage-backed securities | Fair Value, Recurring [Member] | Significant Unobservable Inputs (Level III)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total available for sale securities	2,502	2,572
Corporate debt
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total available for sale securities	12,665	13,125
Corporate debt | Fair Value, Recurring [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total available for sale securities	12,665	13,125
Corporate debt | Fair Value, Recurring [Member] | 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 | Fair Value, Recurring [Member] | Significant Other Observable Inputs (Level II)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total available for sale securities	11,651	12,096
Corporate debt | Fair Value, Recurring [Member] | Significant Unobservable Inputs (Level III)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total available for sale securities	$ 1,014	$ 1,029

FAIR VALUE OF FINANCIAL INSTR_4

FAIR VALUE OF FINANCIAL INSTRUMENTS - Summary Of Financial Assets Measured On A Nonrecurring Basis (Details) - Nonrecurring - USD ($) $ in Thousands	Mar. 31, 2020	Dec. 31, 2019
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Impaired loans	$ 1,555	$ 1,630
Foreclosed real estate		2,183
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
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
Significant Unobservable Inputs (Level III)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Impaired loans	$ 1,555	1,630
Foreclosed real estate		$ 2,183

FAIR VALUE OF FINANCIAL INSTR_5

FAIR VALUE OF FINANCIAL INSTRUMENTS - Qualitative Information About Level 3 Fair Value Measurements (Details) - Nonrecurring $ in Thousands	Mar. 31, 2020USD ($)	Dec. 31, 2019USD ($)
Qualitative and Quantitative Information, Transferor's Continuing Involvement [Line Items]
Impaired loans	$ 1,555	$ 1,630
Foreclosed real estate		2,183
Significant Unobservable Inputs (Level III)
Qualitative and Quantitative Information, Transferor's Continuing Involvement [Line Items]
Impaired loans	$ 1,555	1,630
Foreclosed real estate		$ 2,183
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)
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)	(72)
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)	(3.60)
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 FINANCIAL INSTR_6

FAIR VALUE OF FINANCIAL INSTRUMENTS - Estimated Fair Values of Financial Instruments (Details) - USD ($) $ in Thousands	Mar. 31, 2020	Dec. 31, 2019
Financial assets:
Total available for sale securities	$ 232,205	$ 212,181
Securities held to maturity	6,399	4,083
Interest rate swaps - Assets	0	689
Financial liabilities:
Derivatives in Liability Position	17,136	3,890
Carrying Amount
Financial assets:
Cash and cash equivalents	40,305	43,686
Time deposits with other banks	200	200
Total available for sale securities	232,205	212,181
Securities held to maturity	6,339	4,012
Other bank stock	12,487	12,498
Loans receivable, net of allowance	1,674,271	1,618,579
Accrued interest receivable	6,856	6,175
Interest rate swaps - Assets		689
Financial liabilities:
Non-maturity deposits	1,021,120	971,653
Time deposits	577,431	553,388
Short-term borrowings	196,145	193,000
Long-term borrowings	34,127	40,114
Subordinated debentures	27,871	27,869
Accrued interest payable	1,670	1,466
Derivatives in Liability Position	17,136	3,890
Fair Value
Financial assets:
Cash and cash equivalents	40,305	43,686
Time deposits with other banks	200	200
Total available for sale securities	232,205	212,181
Securities held to maturity	6,399	4,083
Other bank stock	12,487	12,498
Loans receivable, net of allowance	1,750,798	1,605,295
Accrued interest receivable	6,856	6,175
Interest rate swaps - Assets		689
Financial liabilities:
Non-maturity deposits	1,021,120	971,653
Time deposits	574,876	551,886
Short-term borrowings	196,609	193,081
Long-term borrowings	34,779	40,228
Subordinated debentures	28,884	26,930
Accrued interest payable	1,670	1,466
Derivatives in Liability Position	17,136	3,890
Quoted Prices in Active Markets for Identical Assets (Level I)
Financial assets:
Cash and cash equivalents	40,305	43,686
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
Financial liabilities:
Non-maturity deposits	0	0
Time deposits	0	0
Short-term borrowings	196,609	193,081
Long-term borrowings	0	0
Subordinated debentures	0	0
Accrued interest payable	0	0
Derivatives in Liability Position		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	228,689	208,580
Securities held to maturity	3,265	2,593
Other bank stock	12,487	12,498
Loans receivable, net of allowance	0	0
Accrued interest receivable	6,856	6,175
Interest rate swaps - Assets		689
Financial liabilities:
Non-maturity deposits	1,021,120	971,653
Time deposits	574,876	551,886
Short-term borrowings	0	0
Long-term borrowings	34,779	40,228
Subordinated debentures	28,884	26,930
Accrued interest payable	1,670	1,466
Derivatives in Liability Position	17,136	3,890
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	3,516	3,601
Securities held to maturity	3,134	1,490
Other bank stock	0	0
Loans receivable, net of allowance	1,750,798	1,605,295
Accrued interest receivable	0	0
Interest rate swaps - Assets		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
Derivatives in Liability Position		$ 0

DERIVATIVES - Narrative (Detail

DERIVATIVES - Narrative (Details)	3 Months Ended
	Mar. 31, 2020USD ($)Counterparty	Mar. 31, 2019USD ($)
Derivative [Line Items]
Number of dealer counterparties | Counterparty	2
Termination value for these net liability positions, which includes accrued interest	$ 17,100,000
Hedge ineffectiveness	0	$ 0
Reclassifications to interest expense	27,000	54,000
Derivative counterparties, posted collateral	17,200,000
Pledged collateral	$ 6,100,000
Obligation to return before cash reclaimed		$ 2,800,000

DERIVATIVES - Schedule Of Fair

DERIVATIVES - Schedule Of Fair Value of Derivatives (Details) - USD ($) $ in Thousands	3 Months Ended	12 Months Ended
	Mar. 31, 2020	Dec. 31, 2019
Derivatives, Fair Value [Line Items]
Fair Value	$ (17,136)	$ (3,201)
Derivatives designated as hedging instruments
Derivatives, Fair Value [Line Items]
Notional/ Contract Amount	388,500	328,500
Fair Value	$ (17,136)	$ (3,201)
Counterparty Weighted Average Remaining Years	3 years 2 months 12 days	3 years 3 months 18 days
PNC | Derivatives designated as hedging instruments | Other Assets.
Derivatives, Fair Value [Line Items]
Notional/ Contract Amount	$ 0	$ 12,500
Fair Value	0	62
PNC | Derivatives designated as hedging instruments | Other Liabilities.
Derivatives, Fair Value [Line Items]
Notional/ Contract Amount	78,500	66,000
Fair Value	$ (5,489)	$ (1,440)
Counterparty Weighted Average Remaining Years	4 years 4 months 24 days	4 years 3 months 18 days
Counterparty Maximum Length Derivative Contract (Years)	7 years 6 months	7 years
US Bank | Derivatives designated as hedging instruments | Other Assets.
Derivatives, Fair Value [Line Items]
Notional/ Contract Amount	$ 0	$ 80,000
Fair Value	0	627
US Bank | Derivatives designated as hedging instruments | Other Liabilities.
Derivatives, Fair Value [Line Items]
Notional/ Contract Amount	310,000	170,000
Fair Value	$ (11,647)	$ (2,450)
Counterparty Weighted Average Remaining Years	2 years 10 months 24 days	3 years 1 month 6 days
Counterparty Maximum Length Derivative Contract (Years)	5 years	4 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 | PNC
Derivatives, Fair Value [Line Items]
Fair Value	(5,489)	$ (1,378)
Interest Rate Swaps | US Bank
Derivatives, Fair Value [Line Items]
Fair Value	(11,647)	$ (1,823)
Derivative Effective Date September 15, 2018 Contract 1 | Derivatives designated as hedging instruments
Derivatives, Fair Value [Line Items]
Notional/ Contract Amount	0
Fair Value	$ 0

DERIVATIVES - Schedule Of Deriv

DERIVATIVES - Schedule Of Derivative Financial Instruments Designated As Cash Flow Hedges (Details) - USD ($)	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Derivative Instruments, Gain (Loss) [Line Items]
Amount of Gain (Loss) Recognized in Income of Derivatives (Ineffective Portion)	$ 0	$ 0
Cash flow hedging
Derivative Instruments, Gain (Loss) [Line Items]
Amount of Gain Recognized in OCI on Derivatives, net of Tax (Effective Portion)	(9,741,000)	(1,213,000)
Amount of Gain (Loss) Recognized in Income of Derivatives (Ineffective Portion)	0	0
Cash flow hedging | Derivative Effective Date March 15, 2016
Derivative Instruments, Gain (Loss) [Line Items]
Amount of Gain (Loss) Recognized in Income of Derivatives (Ineffective Portion)	0
Cash flow hedging | Derivative Effective Date June 15, 2017
Derivative Instruments, Gain (Loss) [Line Items]
Amount of Gain (Loss) Recognized in Income of Derivatives (Ineffective Portion)	0
Cash flow hedging | Derivative Effective Date December 15, 2017 Contract 2
Derivative Instruments, Gain (Loss) [Line Items]
Amount of Gain (Loss) Recognized in Income of Derivatives (Ineffective Portion)	0
PNC | Cash flow hedging
Derivative Instruments, Gain (Loss) [Line Items]
Amount of Gain Recognized in OCI on Derivatives, net of Tax (Effective Portion)	(2,874,000)	(811,000)
Amount of Gain (Loss) Recognized in Income of Derivatives (Ineffective Portion)	0	0
US Bank | Cash flow hedging
Derivative Instruments, Gain (Loss) [Line Items]
Amount of Gain Recognized in OCI on Derivatives, net of Tax (Effective Portion)	(6,868,000)	(402,000)
Amount of Gain (Loss) Recognized in Income of Derivatives (Ineffective Portion)	$ 0	$ 0

DERIVATIVES - Offsetting Deriva

DERIVATIVES - Offsetting Derivatives (Details) - USD ($) $ in Thousands	Mar. 31, 2020	Dec. 31, 2019
Derivative [Line Items]
Derivatives in Asset Position	$ 0	$ 689
Derivatives in Liability Position	(17,136)	(3,890)
Net amounts presented	(17,136)	(3,201)
Financial Instruments	0	0
Cash Collateral Pledged	(17,160)	(3,600)
Net Amount	24	399
PNC | Interest Rate Swaps
Derivative [Line Items]
Derivatives in Asset Position	0	62
Derivatives in Liability Position	(5,489)	(1,440)
Net amounts presented	(5,489)	(1,378)
Financial Instruments	0	0
Cash Collateral Pledged	(5,750)	(1,550)
Net Amount	261	172
US Bank | Interest Rate Swaps
Derivative [Line Items]
Derivatives in Asset Position	0	627
Derivatives in Liability Position	(11,647)	(2,450)
Net amounts presented	(11,647)	(1,823)
Financial Instruments	0	0
Cash Collateral Pledged	(11,410)	(2,050)
Net Amount	$ (237)	$ 227

BORROWINGS (Narrative) (Details

BORROWINGS (Narrative) (Details) - USD ($)	3 Months Ended
	Mar. 31, 2020	Dec. 31, 2019
Debt Instrument [Line Items]
Residential and commercial mortgage loans pledged	$ 320,800,000
Long-term fixed rate advances	$ 34,100,000	$ 40,100,000
Federal funds rate | Minimum
Debt Instrument [Line Items]
Variable rate spread on debt instrument (in percentage)	20.00%
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	320,800,000
Ability to borrow capacity	110,100,000
Term advances	$ 196,100,000	$ 193,000,000
Weighted average interest rate (in percentage)	0.91%	1.81%

REVENUE RECOGNITION (Details)

REVENUE RECOGNITION (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Disaggregation of Revenue [Line Items]
Bank-owned life insurance	$ 228	$ 230
Investment brokerage fees	15	56
Total Non-Interest Income	3,681	3,633
Service fees on deposit accounts
Disaggregation of Revenue [Line Items]
Revenue	319	330
ATM and debit card fees
Disaggregation of Revenue [Line Items]
Revenue	245	231
Insurance commissions and fees
Disaggregation of Revenue [Line Items]
Revenue	2,598	2,562
Other
Disaggregation of Revenue [Line Items]
Revenue	$ 276	$ 224

RIGHT OF USE ASSET AND LEASE _3

RIGHT OF USE ASSET AND LEASE LIABILITY - Narrative (Details)	3 Months Ended
	Mar. 31, 2020
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	3 Months Ended
	Mar. 31, 2019USD ($)
RIGHT OF USE ASSET AND LEASE LIABILITY
Operating lease expense	$ 184
Short term lease expense	86
Total lease expense	$ 270

RIGHT OF USE ASSET AND LEASE _5

RIGHT OF USE ASSET AND LEASE LIABILITY - Supplemental Balance Sheet (Details) - USD ($) $ in Thousands	Mar. 31, 2020	Dec. 31, 2019
RIGHT OF USE ASSET AND LEASE LIABILITY
Right-of-use assets, net	$ 4,535	$ 4,644
Lease liabilities	$ 4,676
Weighted-average remaining lease term	9 years
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	3 Months Ended
	Mar. 31, 2020USD ($)
RIGHT OF USE ASSET AND LEASE LIABILITY
Cash paid for amounts included in the measurement of lease liabilities	$ 182
ROU assets obtained in exchange for lease obligations	$ 171

RIGHT OF USE ASSET AND LEASE _7

RIGHT OF USE ASSET AND LEASE LIABILITY - Maturities of Lease Liabilities (Details) $ in Thousands	Mar. 31, 2020USD ($)
RIGHT OF USE ASSET AND LEASE LIABILITY
2020	$ 480
2021	561
2022	561
2023	561
2024	561
Thereafter	2,712
Total lease payments	5,436
Less imputed interest	(760)
Total	$ 4,676

IMPACT OF COVID-19 (Details)

IMPACT OF COVID-19 (Details) - Commercial and residential - Covid-19 $ in Millions	Mar. 31, 2020USD ($)loan
Unusual or Infrequent Item, or Both [Line Items]
Payment deferrals | $	$ 125.1
Number of loans with payment deferrals | loan	129