Guaranty Bancshares (GNTY) 10-Q 6 Aug 21 2021 Q2 Quarterly report Financial data

Cover Page

Cover Page - shares	6 Months Ended
	Jun. 30, 2021	Aug. 02, 2021
Cover [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Jun. 30, 2021
Document Fiscal Year Focus	2021
Document Fiscal Period Focus	Q2
Trading Symbol	GNTY
Entity Registrant Name	GUARANTY BANCSHARES, INC.
Entity Central Index Key	0001058867
Current Fiscal Year End Date	--12-31
Entity Filer Category	Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	true
Entity Ex Transition Period	true
Entity Common Stock, Shares Outstanding		12,057,937
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity File Number	001-38087
Entity Tax Identification Number	75-1656431
Entity Address, Address Line One	16475 Dallas Parkway, Suite 600
Entity Address, City or Town	Addison
Entity Address, State or Province	TX
Entity Address, Postal Zip Code	75001
City Area Code	888
Local Phone Number	572 - 9881
Entity Shell Company	false
Title of 12(b) Security	Common Stock, par value $1.00 per share
Security Exchange Name	NASDAQ
Entity Incorporation, State or Country Code	TX
Document Quarterly Report	true
Document Transition Report	false

CONSOLIDATED BALANCE SHEETS

CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Jun. 30, 2021	Dec. 31, 2020
ASSETS
Cash and due from banks	$ 37,611	$ 47,836
Federal funds sold	385,075	218,825
Interest-bearing deposits	24,532	85,130
Total cash and cash equivalents	447,218	351,791
Securities available for sale	446,636	380,795
Loans held for sale	5,088	5,542
Loans, net of allowance for credit losses of $31,548 and $33,619, respectively	1,856,277	1,831,737
Accrued interest receivable	8,801	9,834
Premises and equipment, net	54,405	55,212
Other real estate owned	227	404
Cash surrender value of life insurance	36,367	35,510
Core deposit intangible, net	2,573	2,999
Goodwill	32,160	32,160
Other assets	43,207	34,848
Total assets	2,932,959	2,740,832
Deposits
Noninterest-bearing	928,416	779,740
Interest-bearing	1,604,610	1,506,650
Total deposits	2,533,026	2,286,390
Securities sold under agreements to repurchase	15,336	15,631
Accrued interest and other liabilities	28,058	25,257
Line of credit	0	12,000
Federal Home Loan Bank advances	49,000	109,101
Subordinated debentures	19,810	19,810
Total liabilities	2,645,230	2,468,189
Commitments and contingencies (see Note 11)
Shareholders' equity
Preferred stock, $5.00 par value, 15,000,000 shares authorized, no shares issued	0	0
Common stock, $1.00 par value, 50,000,000 shares authorized, 14,074,198 and 12,951,676 shares issued, and 12,057,937 and 10,935,415 shares outstanding, respectively	14,074	12,952
Additional paid-in capital	223,822	188,032
Retained earnings	94,073	113,449
Treasury stock, 2,016,261 shares at cost	(51,419)	(51,419)
Accumulated other comprehensive income	7,179	9,629
Total shareholders' equity	287,729	272,643
Total liabilities and shareholders' equity	$ 2,932,959	$ 2,740,832

CONSOLIDATED BALANCE SHEETS (Pa

CONSOLIDATED BALANCE SHEETS (Parenthetical) - USD ($) $ in Thousands	Jun. 30, 2021	Dec. 31, 2020
Statement Of Financial Position [Abstract]
Allowance for credit losses	$ 31,548	$ 33,619
Preferred stock, par value (in USD per share)	$ 5	$ 5
Preferred stock, shares authorized (in shares)	15,000,000	15,000,000
Preferred stock, shares issued (in shares)	0	0
Common stock, par value (in USD per share)	$ 1	$ 1
Common stock, shares authorized (in shares)	50,000,000	50,000,000
Common stock, shares issued (in shares)	14,074,198	12,951,676
Common stock, shares outstanding (in shares)	12,057,937	10,935,415
Treasury stock (in shares)	2,016,261	2,016,261

CONSOLIDATED STATEMENTS OF EARN

CONSOLIDATED STATEMENTS OF EARNINGS (Unaudited) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
Interest income
Loans, including fees	$ 22,864	$ 24,139	$ 47,059	$ 46,656
Securities
Taxable	1,138	1,187	2,190	2,481
Nontaxable	1,053	1,086	2,092	2,061
Federal funds sold and interest-bearing deposits	229	169	456	635
Total interest income	25,284	26,581	51,797	51,833
Interest expense
Deposits	1,493	3,040	3,096	7,461
FHLB advances and federal funds purchased	102	123	201	205
Subordinated debentures	188	176	376	319
Other borrowed money	24	60	156	97
Total interest expense	1,807	3,399	3,829	8,082
Net interest income	23,477	23,182	47,968	43,751
Provision for credit losses	(1,000)	12,100	(1,000)	13,500
Net interest income after provision for credit losses	24,477	11,082	48,968	30,251
Noninterest income
Service charges	855	571	1,684	1,479
Net realized gain on sale of loans	1,244	1,508	2,642	2,697
Other income	3,871	2,908	7,763	5,772
Total noninterest income	5,970	4,987	12,089	9,948
Noninterest expense
Employee compensation and benefits	10,204	8,077	20,147	17,543
Occupancy expenses	2,833	2,550	5,520	5,027
Other expenses	4,666	4,557	9,348	9,021
Total noninterest expense	17,703	15,184	35,015	31,591
Income before income taxes	12,744	885	26,042	8,608
Income tax provision (benefit)	2,312	(190)	4,648	1,255
Net earnings	$ 10,432	$ 1,075	$ 21,394	$ 7,353
Basic earnings per share (in USD per share)	$ 0.87	$ 0.09	$ 1.78	$ 0.59
Diluted earnings per share (in USD per share)	$ 0.85	$ 0.09	$ 1.75	$ 0.59

CONSOLIDATED STATEMENTS OF EA_2

CONSOLIDATED STATEMENTS OF EARNINGS (Unaudited) (Parenthetical)	3 Months Ended
	Mar. 31, 2021
Income Statement [Abstract]
Percentage of adjusted effect of stock dividend issued	10.00%

CONSOLIDATED STATEMENTS OF COMP

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (Unaudited) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
Statement Of Income And Comprehensive Income [Abstract]
Net earnings	$ 10,432	$ 1,075	$ 21,394	$ 7,353
Unrealized (losses) gains on securities
Unrealized holding (losses) gains arising during the period	(869)	11,382	(3,700)	12,486
Unrealized gains on held to maturity securities transferred to available for sale				2,265
Amortization of net unrealized gains on held to maturity securities				46
Tax effect	182	(2,390)	778	(3,100)
Unrealized (losses) gains on securities, net of tax	(687)	8,992	(2,922)	11,697
Unrealized holding gains (losses) arising during the period on interest rate swaps	23	(243)	472	(829)
Total other comprehensive (loss) income	(664)	8,749	(2,450)	10,868
Comprehensive income	$ 9,768	$ 9,824	$ 18,944	$ 18,221

CONSOLIDATED STATEMENTS OF CHAN

CONSOLIDATED STATEMENTS OF CHANGES IN SHAREHOLDERS' EQUITY (Unaudited) - USD ($) $ in Thousands	Total	Impact of adoption of ASC 326	Common Stock	Additional Paid-in Capital	Retained Earnings	Retained EarningsImpact of adoption of ASC 326	Treasury Stock	Accumulated Other Comprehensive Income
Beginning balance at Dec. 31, 2019	$ 261,551	$ (3,593)	$ 12,905	$ 186,692	$ 98,239	$ (3,593)	$ (34,492)	$ (1,793)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net earnings	7,353				7,353
Other comprehensive income (loss)	10,868							10,868
10% stock dividend	0
Exercise of stock options	72		3	69
Purchase of treasury stock	(13,477)						(13,477)
Stock based compensation	312			312
Dividends: Common Stock	(4,211)				(4,211)
Ending balance at Jun. 30, 2020	258,875		12,908	187,073	97,788		(47,969)	9,075
Beginning balance at Mar. 31, 2020	253,646		12,908	186,916	98,805		(45,309)	326
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net earnings	1,075				1,075
Other comprehensive income (loss)	8,749							8,749
Purchase of treasury stock	(2,660)						(2,660)
Stock based compensation	157			157
Dividends: Common Stock	(2,092)				(2,092)
Ending balance at Jun. 30, 2020	258,875		12,908	187,073	97,788		(47,969)	9,075
Beginning balance at Dec. 31, 2020	272,643		12,952	188,032	113,449		(51,419)	9,629
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net earnings	21,394				21,394
Other comprehensive income (loss)	(2,450)							(2,450)
10% stock dividend	35,947		1,094	34,853	(35,947)
Exercise of stock options	636		28	608
Stock based compensation	329			329
Dividends: Common Stock	(4,823)				(4,823)
Ending balance at Jun. 30, 2021	287,729		14,074	223,822	94,073		(51,419)	7,179
Beginning balance at Mar. 31, 2021	280,097		14,070	223,550	86,053		(51,419)	7,843
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net earnings	10,432				10,432
Other comprehensive income (loss)	(664)							(664)
Exercise of stock options	109		4	105
Stock based compensation	167			167
Dividends: Common Stock	(2,412)				(2,412)
Ending balance at Jun. 30, 2021	$ 287,729		$ 14,074	$ 223,822	$ 94,073		$ (51,419)	$ 7,179

CONSOLIDATED STATEMENTS OF CH_2

CONSOLIDATED STATEMENTS OF CHANGES IN SHAREHOLDERS' EQUITY (Unaudited) (Parenthetical) - USD ($) $ in Thousands	3 Months Ended			6 Months Ended
	Jun. 30, 2021	Mar. 31, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
Statement Of Stockholders Equity [Abstract]
Common stock dividends (in USD per share)	$ 0.20		$ 0.17	$ 0.40	$ 0.35
Impact of adoption of ASC 326, tax					$ 955
Stock dividend rate percentage		10.00%		10.00%

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended		12 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020	Dec. 31, 2020
Cash flows from operating activities
Net earnings	$ 10,432	$ 1,075	$ 21,394	$ 7,353
Adjustments to reconcile net earnings to net cash provided by operating activities:
Depreciation			2,210	1,995
Amortization			679	673
Deferred taxes			(235)	(2,175)
Premium amortization, net of discount accretion			2,200	1,908
Gain on sale of loans	(1,244)	(1,508)	(2,642)	(2,697)
Provision for credit losses	(1,000)	12,100	(1,000)	13,500
Origination of loans held for sale			(60,289)	(69,170)
Proceeds from loans held for sale			63,385	67,041
Write-down of other real estate and repossessed assets			4	357
Net gain on sale of premises, equipment, other real estate owned and other assets			1	107
Stock based compensation			329	312
Net change in accrued interest receivable and other assets			(7,420)	(6,409)
Net change in accrued interest payable and other liabilities			3,049	2,053
Net cash provided by operating activities			21,665	14,848
Securities available for sale:
Purchases			(112,178)	(20,894)
Proceeds from maturities and principal repayments			40,437	22,552
Securities held to maturity:
Proceeds from maturities and principal repayments			0	3,024
Net originations of loans			(23,984)	(246,637)
Purchases of premises and equipment			(1,409)	(3,881)
Proceeds from BOLI death benefit			464	0
Proceeds from sale of premises, equipment, other real estate owned and other assets			155	339
Net cash used in investing activities			(96,515)	(245,497)
Cash flows from financing activities
Net change in deposits			246,636	285,222
Net change in securities sold under agreements to repurchase			(295)	6,314
Proceeds from FHLB advances			80,000	200,000
Repayment of FHLB advances			(140,101)	(154,508)
Proceeds from line of credit			5,000	20,000
Repayment of line of credit			(17,000)	(18,000)
Proceeds from issuance of debentures			0	10,000
Repayments of debentures			0	(500)
Purchase of treasury stock			0	(13,477)
Exercise of stock options			636	72
Cash dividends			(4,599)	(4,194)
Net cash provided by financing activities			170,277	330,929
Net change in cash and cash equivalents			95,427	100,280
Cash and cash equivalents at beginning of period			351,791	90,714	$ 90,714
Cash and cash equivalents at end of period	447,218	190,994	447,218	190,994	$ 351,791
Supplemental disclosures of cash flow information
Interest paid			4,068	8,497
Income taxes paid			6,850	2,600
Supplemental schedule of noncash investing and financing activities
Cash dividends accrued	$ 2,412	$ 2,092	2,412	2,092
Transfer of loans to other real estate owned and repossessed assets			444	182
Stock dividend			$ 35,947	$ 0

SUMMARY OF SIGNIFICANT ACCOUNTI

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	6 Months Ended
	Jun. 30, 2021
Accounting Policies [Abstract]
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	NOTE 1 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Nature of Operations Basis of Presentation The consolidated financial statements in this report have not been audited by an independent registered public accounting firm, but in the opinion of management, reflect all adjustments necessary for a fair presentation of the Company’s financial position and results of operations. All such adjustments were of a normal and recurring nature. The consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States for interim financial information and with the instructions to Form 10-Q adopted by the Securities and Exchange Commission (“SEC”). Accordingly, the financial statements do not include all of the information and footnotes required by GAAP for complete financial statements and should be read in conjunction with the Company’s consolidated financial statements, and notes thereto, for the year ended December 31, 2020, included in Guaranty’s Annual Report on Form 10-K for the year ended December 31, 2020. Operating results for the interim periods disclosed herein are not necessarily indicative of the results that may be expected for a full year or any future period. All dollar amounts referenced and discussed in the notes to the consolidated financial statements in this report are presented in thousands, unless noted otherwise. The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the amounts reported in the financial statements and accompanying notes. These estimates and assumptions may also affect disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from these estimates. COVID-19 Government leaders and the Federal Reserve have taken several actions designed to mitigate the economic fallout resulting from the coronavirus. The Coronavirus Aid, Relief and Economic Security (“CARES”) Act, signed into law on March 27, 2020, authorized more than $2 trillion to battle COVID-19 and its economic effects, including immediate cash relief for individual citizens, loan programs for small businesses, support for hospitals and other medical providers, and various types of economic relief for impacted businesses and industries. The goal of CARES Act was to prevent severe economic downturn. The CARES Act also provided for temporary interest only or payment deferral modifications for loans without classifying them as troubled debt restructurings under current accounting rules. Additional government-backed hardship relief measures were signed into law in early 2021, as well as extension of many of the CARES Act provisions, with further measures currently being considered. Due to the COVID-19 pandemic, market interest rates declined significantly, with the 10-year Treasury bond falling below 1.00% on March 3, 2020 for the first time. On March 16, 2020, the Federal Open Market Committee reduced the target federal funds rate range to 0.00% to 0.25%, at which it remains as of June 30, 2021.​​​​​​​ These reductions in interest rates and other effects of the COVID-19 outbreak may adversely affect the Company’s financial condition and results of operations, as well as business and consumer confidence. As a result of the spread of COVID-19 and its variants, economic uncertainties have arisen which can negatively impact net interest income and noninterest income. Other financial impacts could occur though such potential impact remains unknown at this time.​​​​​​​ Recent Accounting Pronouncements In June 2016, the FASB issued ASU 2016-13, Financial Instruments - Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments The Company adopted January 1, 2020 The Company adopted ASC 326 using the modified retrospective method for all financial assets measured at amortized cost and off-balance-sheet (OBS) credit exposures. Results for reporting periods beginning after January 1, 2020 are presented under ASC 326. The Company recorded a decrease to retained earnings of $3,593, net of tax effects of $955, as of January 1, 2020 for the cumulative effect of adopting ASC 326. Allowance for Credit Losses: Available for Sale Debt Securities For available-for-sale debt securities in an unrealized loss position, the Company first assesses whether or not it intends to sell, or it is more likely than not that it will be required to sell the security before recovery of its amortized cost basis. If either of the criteria regarding intent or requirement to sell is met, the securities amortized cost basis is written down to fair value through income. For available-for-sale debt securities that do not meet the aforementioned criteria, the Company evaluates whether the decline in fair value has resulted from credit losses or other factors. In making this assessment, management considers the extent to which fair value is less than amortized cost, any changes to the rating of the security by a rating agency, and adverse conditions specifically related to the security, among other factors. If this assessment indicates that a credit loss exists, the present value of the cash flows expected to be collected from the security are compared to the amortized cost basis of the security. If the present value of cash flows expected to be collected are less than the amortized cost basis, a credit loss exists and an allowance for credit losses is recorded for the credit loss, limited by the amount that the fair value is less than the amortized cost basis. Any impairment that has not been recorded through an allowance for credit losses is recognized in other comprehensive income. Changes in the allowance for credit losses are recorded as provisions for or reversal of credit loss expense. Losses are charged against the allowance when management believes an available-for-sale security is uncollectible or when either of the criteria regarding intent to sell or required to sell is met. Accrued interest receivable on available for sale debt securities is excluded from the estimate of credit losses. Loans The allowance for credit losses is a valuation account that is deducted from the loans’ amortized cost basis to present the net amount expected to be collected over the lifetime of the loans. Loans are charged off against the allowance when management believes the uncollectibility of a loan balance is confirmed. Recoveries do not exceed the aggregate of amounts previously charged-off and expected to be charged-off. Subsequent recoveries, if any, are credited to the allowance. Management estimates the allowance balance using relevant available information, from internal and external sources, relating to past events, current conditions, and reasonable and supportable forecasts. We use the weighted-average remaining maturity method (WARM method) as the basis for the estimation of expected credit losses. The WARM method uses a historical average annual charge-off rate. This average annual charge-off rate contains loss content over a historical lookback period and is used as a foundation for estimating the credit loss reserve for the remaining outstanding balances of loans in a segment at the balance sheet date. The average annual charge-off rate is applied to the contractual term, further adjusted for estimated prepayments, to determine the unadjusted historical charge-off rate. The calculation of the unadjusted historical charge-off rate is then adjusted for current conditions and for reasonable and supportable forecast periods. Adjustments to historical loss information are made for differences in current loan-specific risk characteristics such as differences in underwriting standards, portfolio mix, delinquency level, or term as well as for changes in environmental conditions, such as changes in unemployment rates, property values, or other relevant factors. These qualitative factors serve to compensate for additional areas of uncertainty inherent in the portfolio that are not reflected in our historic loss factors. The allowance for credit losses is measured on a collective (pool or segment) basis when similar risk characteristics exist. Our loan portfolio segments include both regulatory call report codes and by internally identified risk ratings for our commercial loan segments and by delinquency status for our consumer loan segments. We also have separately identified our mortgage warehouse loans, internally originated SBA loans, SBA loans acquired from Westbound Bank in 2018 and loans originated under the Paycheck Protection Program (“PPP”) for inherent risk analysis. Accrued interest receivable on loans is excluded from the estimate of credit losses. Below is a summary of the segments and certain of the inherent risks in the Company’s loan portfolio: Commercial and industrial: This portfolio segment includes general secured and unsecured commercial loans which are not secured by real estate or may be secured by real estate but made for the primary purpose of a short term revolving line of credit. Credit risk inherent in this portfolio segment include fluctuations in the local and national economy. Construction and development: This portfolio segment includes all loans for the purpose of construction, including both business and residential structures; and real estate development loans, including non-agricultural vacant land. Credit risk inherent in this portfolio include fluctuations in property values, unemployment, and changes in the local and national economy. Commercial real estate: The commercial real estate portfolio segment includes all commercial loans that are secured by real estate, other than those included in the construction and development, farmland, multi-family, and 1-4 family residential segments. Risks inherent in this portfolio segment include fluctuations in property values and changes in the local and national economy impacting the sale of the finished structures. Farmland: The farmland portfolio includes loans that are secured by real estate that is used or usable for agricultural purposes, including land used for crops, livestock production, grazing & pastureland and timberland. This segment includes land with a 1-4 family residential structure if the value of the land exceeds the value of the residence. Risks inherent in this portfolio segment include adverse changes in climate, fluctuations in feed and cattle prices and changes in property values. Consumer: This portfolio segment consists of non-real estate loans to consumers. This includes secured and unsecured loans such as auto and personal loans. The risks inherent in this portfolio segment include those factors that would impact the consumer’s ability to meet their obligations under the loan. These include increases in the local unemployment rate and fluctuations in consumer and business sales. 1-4 family residential: This portfolio segment includes loans to both commercial and consumer borrowers secured by real estate for housing units of up to four families. Risks inherent in this portfolio segment include increases in the local unemployment rate, changes in the local economy and factors that would impact the value of the underlying collateral, such as changes in property values. Multi-family residential: This portfolio segment includes loans secured by structures containing five or more residential housing units. Risks inherent in this portfolio segment include increases to the local unemployment rate, changes in the local economy, and factors that would impact property values. Agricultural: The agricultural portfolio segment includes loans to individuals and companies in the dairy and cattle industries and farmers. Loans in the segment are secured by collateral including cattle, crops and equipment. Risks inherent in this portfolio segment include adverse changes in climate and fluctuations in feed and cattle prices. The following groups of loans are considered to carry specific similar inherent risk characteristics, which the Bank considers separately during its calculation of the allowance for credit losses. These groups of loans are reported within the segments identified in the previous table. Mortgage Warehouse: The mortgage warehouse portfolio includes loans in which we purchase mortgage loan ownership interests from unaffiliated mortgage originators that are generally held by us for a period of less than 30-days, typically 5-10 days before they are sold to an approved investor. These loans are consistently underwritten based on standards established by the approved investor. Risks inherent in this portfolio include borrower or mortgage originator fraud. SBA – Acquired Loans The SBA – acquired loans segment consists of partially SBA guaranteed loans that were acquired from Westbound Bank in June 2018. These loans are commercial real estate and commercial and industrial in nature and were underwritten with guidelines that are less conservative than our Company. Risks inherent in this portfolio include increases in interest rates, as most are variable rate loans, generally lower levels of borrower equity, less conservative underwriting guidelines, fluctuations in real estate values and changes in the local and national economy. SBA – Originated Loans The SBA – originated loans segment consists of loans that are partially guaranteed by the SBA and were originated and underwritten by Guaranty Bank & Trust loan officers. Risks inherent in this portfolio include increases in interest rates due to variable rate structures, generally lower levels of borrower equity or net worth, fluctuations in real estate values and changes in the local and national economy. SBA – Paycheck Protection Loans originated under the PPP are 100% government guaranteed by the SBA. As a result, the loans are excluded from the segments above and a minimal reserve estimate was applied to this segment of loans for purposes of calculating the credit loss provision. In general, the loans in our portfolio have low historical credit losses. The credit quality of loans in our portfolio is impacted by delinquency status and debt service coverage generated by our borrowers’ businesses and fluctuations in the value of real estate collateral. Management considers delinquency status to be the most meaningful indicator of the credit quality of one-to-four single family residential, home equity loans and lines of credit and other consumer loans. In general, these types of loans do not begin to show signs of credit deterioration or default until they have been outstanding for some period of time, a process we refer to as “seasoning.” As a result, a portfolio of older loans will usually behave more predictably than a portfolio of newer loans. We consider the majority of our consumer type loans to be “seasoned” and that the credit quality and current level of delinquencies and defaults represents the level of reserve needed in the allowance for credit losses. If delinquencies and defaults were to increase, we may be required to increase our provision for credit losses, which would adversely affect our results of operations and financial condition. Delinquency statistics are updated at least monthly. Internal risk ratings are considered the most meaningful indicator of credit quality for new commercial and industrial, construction, and commercial real estate loans. Internal risk ratings are a key factor that impact management’s estimates of loss factors used in determining the amount of the allowance for credit losses. Internal risk ratings are updated on a continuous basis. Loans that do not share risk characteristics are evaluated on an individual basis. Loans evaluated individually are not also included in the collective evaluation. When management determines that foreclosure is probable, expected credit losses are based on the fair value of the collateral at the reporting date, adjusted for selling costs as appropriate. Credit Quality Indicators - The Company monitors the credit quality of the loans in the various segments by identifying and evaluating credit quality indicators specific to each segment class. This information is incorporated into management’s analysis of the adequacy of the allowance for credit losses. Information for the credit quality indicators is updated monthly or quarterly for classified assets and at least annually for the remainder of the portfolio. The following is a discussion of the primary credit quality indicators most closely monitored for the loan portfolio, by class: Commercial and industrial: In assessing risk associated with commercial loans, management considers the business’s cash flow and the value of the underlying collateral to be the primary credit quality indicators. Construction and development: In assessing the credit quality of construction loans, management considers the ability of the borrower to make principal and interest payments in the event that they are unable to sell the completed structure to be a primary credit quality indicator. For real estate development loans, management also considers the likelihood of the successful sale of the constructed properties in the development. Commercial real estate: Management considers the strength of the borrower’s cash flows, changes in property values and occupancy status to be key credit quality indicators of commercial real estate loans. Farmland: In assessing risk associated with farmland loans, management considers the borrower’s cash flows and underlying property values to be key credit quality indicators. Consumer: Management considers delinquency status to be the primary credit quality indictor of consumer loans. Others include the debt to income ratio of the borrower, the borrower’s credit history, the availability of other credit to the borrower, the borrower’s past-due history, and, if applicable, the value of the underlying collateral to be primary credit quality indicators. 1-4 family residential: Management considers delinquency status to be the primary credit quality indictor of 1-4 family residential loans. Others include changes in the local economy, changes in property values, and changes in local unemployment rates to be key credit quality indicators of the loans in the 1-4 family residential loan segment. Multi-family residential: Management considers changes in the local economy, changes in property values, vacancy rates and changes in local unemployment rates to be key credit quality indicators of the loans in the multifamily loan segment. Agricultural: In assessing risk associated with agricultural loans, management considers the borrower’s cash flows, the value of the underlying collateral and sources of secondary repayment to be primary credit quality indicators. From time to time, we modify our loan agreement with a borrower. A modified loan is considered a troubled debt restructuring when two conditions are met: (i) the borrower is experiencing financial difficulty and (ii) concessions are made by us that would not otherwise be considered for a borrower with similar credit risk characteristics. Modifications to loan terms may include a lower interest rate, a reduction of principal, or a longer term to maturity. We review each troubled debt restructured loan and determine on a case by case basis if the loan can be grouped with its like segment for allowance consideration or whether it should be individually evaluated for a specific allowance for credit loss allocation. If individually evaluated, an allowance for credit loss allocation is based on either the present value of estimated future cash flows or the estimated fair value of the underlying collateral. In response to the COVID-19 pandemic, the Bank provided financial relief to many of its customers through a 3-month principal and interest payment deferral program or an up to 6-month interest only program. Pursuant to the CARES Act and the April 7, 2020 Interagency guidance and GAAP, these loan modifications, and certain subsequent modifications, are not considered to be troubled debt restructurings. Reserve for Unfunded Commitments The Company estimates expected credit losses over the contractual period in which the Company is exposed to credit risk via a contractual obligation to extend credit, unless that obligation is unconditionally cancelable by the Company. The allowance for credit losses on off balance sheet credit exposures is adjusted as a provision for credit loss expense. The estimate includes consideration of the likelihood that funding will occur and an estimate of expected credit losses on commitments expected to be funded over its estimated life. Effect of Stock Splits and Stock Dividends on Prior Period Presentation

MARKETABLE SECURITIES

MARKETABLE SECURITIES	6 Months Ended
	Jun. 30, 2021
Investments Debt And Equity Securities [Abstract]
MARKETABLE SECURITIES	NOTE 2 - MARKETABLE SECURITIES The following tables summarize the amortized cost and fair value of securities available for sale as of June 30, 2021 and as of December 31, 2020 and the corresponding amounts of gross unrealized gains and losses: June 30, 2021 Amortized Gross Gross Estimated Available for sale: U.S. government agencies $ 10,014 $ 134 $ — $ 10,148 Corporate bonds 39,153 1,356 78 40,431 Municipal securities 162,219 9,634 40 171,813 Mortgage-backed securities 155,970 2,140 794 157,316 Collateralized mortgage obligations 65,282 1,660 14 66,928 Total available for sale $ 432,638 $ 14,924 $ 926 $ 446,636 December 31, 2020 Amortized Gross Gross Estimated Available for sale: Corporate bonds $ 29,608 $ 1,382 $ 8 $ 30,982 Municipal securities 164,668 11,036 — 175,704 Mortgage-backed securities 104,210 3,041 87 107,164 Collateralized mortgage obligations 64,611 2,335 1 66,945 Total available for sale $ 363,097 $ 17,794 $ 96 $ 380,795 There is no allowance for credit losses recorded for our available for sale debt securities as of June 30, 2021 or December 31, 2020. Information pertaining to securities with gross unrealized losses as of June 30, 2021 and December 31, 2020, for which no allowance for credit losses has been recorded, aggregated by investment category and length of time that individual securities have been in a continuous unrealized loss position is detailed in the following tables: Less Than 12 Months 12 Months or Longer Total June 30, 2021 Gross Estimated Gross Estimated Gross Estimated Available for sale: Corporate bonds $ (78 ) $ 7,708 $ — $ — $ (78 ) $ 7,708 Municipal securities (40 ) 4,486 — — (40 ) 4,486 Mortgage-backed securities (794 ) 81,619 — — (794 ) 81,619 Collateralized mortgage obligations (14 ) 3,549 — — (14 ) 3,549 Total available for sale $ (926 ) $ 97,362 $ — $ — $ (926 ) $ 97,362 Less Than 12 Months 12 Months or Longer Total December 31, 2020 Gross Estimated Gross Estimated Gross Estimated Available for sale: Corporate bonds $ (8 ) $ 2,493 $ — $ — $ (8 ) $ 2,493 Mortgage-backed securities (87 ) 25,775 — — (87 ) 25,775 Collateralized mortgage obligations — — (1 ) 106 (1 ) 106 Total available for sale $ (95 ) $ 28,268 $ (1 ) $ 106 $ (96 ) $ 28,374 There were 25 investments in an unrealized loss position with no recorded allowance for credit losses at June 30, 2021. The securities in a loss position were composed of collateralized mortgage obligations, and mortgage backed securities. Management evaluates available for sale debt securities in an unrealized loss position to determine whether the impairment is due to credit-related factors or noncredit-related factors. With respect to the collateralized mortgage obligations and mortgage-backed securities issued by the U.S. Government and its agencies, the Company has determined that a decline in fair value is not due to credit-related factors. The Company monitors the credit quality of other debt securities through the use of credit ratings and other factors specific to an individual security in assessing whether or not the decline in fair value of municipal or corporate securities, relative to their amortized cost, is due to credit-related factors. Triggers to prompt further investigation of securities when the fair value is less than the amortized cost are when a security has been downgraded and falls below an A credit rating, and the security’s unrealized loss exceeds 20% of its book value. Consideration is given to (1) the extent to which fair value is less than cost, (2) the financial condition and near-term prospects of the issuer, and (3) the intent and ability of the Company to retain its investment in the security for a period of time sufficient to allow for any anticipated recovery in fair value. Based on evaluation of available evidence, management believes the unrealized losses on the securities as of June 30, 2021 is not credit-related. Management does not have the intent to sell any of these securities and believes that it is more likely than not the Company will not have to sell any such securities before recovery of cost. The fair values are expected to recover as the securities approach their maturity date or repricing date or if market yields for the investments decline. Mortgage-backed securities and collateralized mortgage obligations are backed by pools of mortgages that are insured or guaranteed by the Federal Home Loan Mortgage Corporation, the Federal National Mortgage Association or the Government National Mortgage Association. As of June 30, 2021, there were no holdings of securities of any one issuer, other than the collateralized mortgage obligations and mortgage-backed securities issued by the U.S. government and its agencies, in an amount greater than 10% of shareholders’ equity. Securities with fair values of approximately $299,031 and $314,962 at June 30, 2021 and December 31, 2020, respectively, were pledged to secure public fund deposits and for other purposes as required or permitted by law. There were no securities sold during the three or six months ended June 30, 2021 or 2020. The contractual maturities at June 30, 2021 of available for sale securities at carrying value and estimated fair value are shown below. The Company invests in mortgage-backed securities and collateralized mortgage obligations that have expected maturities that differ from their contractual maturities. These differences arise because borrowers and/or issuers may have the right to call or prepay their obligation with or without call or prepayment penalties. Available for Sale June 30, 2021 Amortized Estimated Due within one year $ 2,817 $ 2,850 Due after one year through five years 54,849 57,225 Due after five years through ten years 78,842 82,309 Due after ten years 74,878 80,008 Mortgage-backed securities 155,970 157,316 Collateralized mortgage obligations 65,282 66,928 Total Securities $ 432,638 $ 446,636

LOANS AND ALLOWANCE FOR CREDIT

LOANS AND ALLOWANCE FOR CREDIT LOSSES	6 Months Ended
	Jun. 30, 2021
Receivables [Abstract]
LOANS AND ALLOWANCE FOR CREDIT LOSSES	NOTE 3 - LOANS AND ALLOWANCE FOR CREDIT LOSSES The following table summarizes the Company’s loan portfolio by type of loan as of: June 30, 2021 December 31, 2020 Commercial and industrial $ 424,624 $ 445,771 Real estate: Construction and development 264,002 270,407 Commercial real estate 608,464 594,216 Farmland 94,525 78,508 1-4 family residential 389,616 389,096 Multi-family residential 42,086 21,701 Consumer 51,795 51,044 Agricultural 14,608 15,734 Overdrafts 444 342 Total loans (1) 1,890,164 1,866,819 Net of: Deferred loan fees, net (2,339 ) (1,463 ) Allowance for credit losses (31,548 ) (33,619 ) Total net loans (1) $ 1,856,277 $ 1,831,737 (1) Excludes accrued interest receivable on loans of $5.8 million and $7.0 million as of June 30, 2021 and December 31, 2020, respectively, which is presented separately on the consolidated balance sheets. The Company’s estimate of the allowance for credit losses (“ACL”) reflects losses expected over the remaining contractual life of the assets. The contractual term does not consider extensions, renewals or modifications unless the Company has identified an expected troubled debt restructuring. The following tables present the activity in the ACL by class of loans for the six months ended June 30, 2021, for the year ended December 31, 2020 and for the six months ended June 30, 2020: For the Six Months Ended June 30, 2021 Commercial Construction Commercial Farmland 1-4 family Multi-family Consumer Agricultural Overdrafts Total Allowance for credit losses: Beginning balance $ 4,033 $ 4,735 $ 15,780 $ 1,220 $ 6,313 $ 363 $ 929 $ 239 $ 7 $ 33,619 Provision for credit losses (329 ) (914 ) 167 19 (162 ) 255 (34 ) (49 ) 47 (1,000 ) Loans charged-off (238 ) — (760 ) — — — (76 ) — (84 ) (1,158 ) Recoveries 11 1 11 — — — 28 — 36 87 Ending balance $ 3,477 $ 3,822 $ 15,198 $ 1,239 $ 6,151 $ 618 $ 847 $ 190 $ 6 $ 31,548 For the Year Ended December 31, 2020 Commercial Construction Commercial Farmland 1-4 family Multi-family Consumer Agricultural Overdrafts Total Allowance for loan losses: Beginning balance, prior to adoption of ASC 326 $ 2,056 $ 2,378 $ 6,853 $ 570 $ 3,125 $ 409 $ 602 $ 197 $ 12 $ 16,202 Impact of adopting ASC 326 546 323 2,228 26 1,339 (50 ) 72 73 (9 ) 4,548 Provision for loan losses 1,398 2,034 6,698 624 1,915 4 373 (33 ) 187 13,200 Loans charged-off (68 ) — — — (68 ) — (155 ) (18 ) (234 ) (543 ) Recoveries 101 — 1 — 2 — 37 20 51 212 Ending balance $ 4,033 $ 4,735 $ 15,780 $ 1,220 $ 6,313 $ 363 $ 929 $ 239 $ 7 $ 33,619 For the Six Months Ended June 30, 2020 Commercial Construction Commercial Farmland 1-4 family Multi-family Consumer Agricultural Overdrafts Unallocated Total Allowance for loan losses: Beginning balance $ 2,056 $ 2,378 $ 6,853 $ 570 $ 3,125 $ 409 $ 602 $ 197 $ 12 $ — $ 16,202 Impact of adopting ASC 326 546 323 2,228 26 1,339 (50 ) 72 73 (9 ) — 4,548 Provision for loan losses 1,491 2,193 6,567 654 1,729 245 364 114 60 83 13,500 Loans charged-off (43 ) — — — (59 ) — (80 ) (18 ) (83 ) — (283 ) Recoveries 86 — — — 2 — 17 20 27 — 152 Ending balance $ 4,136 $ 4,894 $ 15,648 $ 1,250 $ 6,136 $ 604 $ 975 $ 386 $ 7 $ 83 $ 34,119 During the year ended December 31, 2020, a total allowance for credit losses provision of $13.2 million was recorded primarily to account for the estimated impact of COVID-19 on credit quality and resulted largely from changes to individual loan risk ratings, as well as COVID-specific qualitative factors primarily derived from changes in national GDP, Texas unemployment rates and national industry related CRE trends, all of which were impacted by the effects of COVID-19. There was a reverse provision for ACL of $1.0 million during the second quarter of 2021, partially due to the aforementioned COVID-specific qualitative factors established during 2020 being reduced during the second quarter of 2021 by approximately 14 basis points across the loan portfolio in order to capture the improvements that have occurred to macro-economic factors evaluated at the onset of the pandemic, as well as upgrades to risk ratings for certain loans that were downgraded at the onset of COVID as a precautionary measure. Although management is cautiously optimistic about improving economic trends, it is possible that the economic effects of the pandemic could continue beyond 2021, particularly if COVID variants result in widespread health issues that cause an increase in social distancing measures. The Company uses the weighted-average remaining maturity (“WARM”) method as the basis for the estimation of expected credit losses. The WARM method uses a historical average annual charge-off rate containing loss content over a historical lookback period and is used as a foundation for estimating the credit loss reserve for the remaining outstanding balances of loans in a segment at the balance sheet date. The average annual charge-off rate is applied to the contractual term, further adjusted for estimated prepayments, to determine the unadjusted historical charge-off rate. The calculation of the unadjusted historical charge-off rate is then adjusted, using qualitative factors, for current conditions and for reasonable and supportable forecast periods. Qualitative loss factors are based on the Company’s judgement of company, market, industry or business specific data, differences in loan-specific risk characteristics such as underwriting standards, portfolio mix, risk grades, delinquency level, or term. These qualitative factors serve to compensate for additional areas of uncertainty inherent in the portfolio that are not reflected in our historic loss factors. Additionally, we have adjusted for changes in expected environmental and economic conditions, such as changes in unemployment rates, property values, and other relevant factors over the next 12 to 24 months. Management adjusted the historical loss experience for these expectations. No reversion adjustments were necessary, as the starting point for the Company’s estimate was a cumulative loss rate covering the expected contractual term of the portfolio. The ACL is measured on a collective segment basis when similar risk characteristics exist. Our loan portfolio is segmented first by regulatory call report code, and second, by internally identified risk grades for our commercial loan segments and by delinquency status for our consumer loan segments. We also have separate segments for our warehouse lines of credit, for our internally originated SBA loans, for our SBA loans acquired from Westbound Bank and for SBA-guaranteed PPP loans. Consistent forecasts of the loss drivers are used across the loan segments. For loans that do not share general risk characteristics with segments, we estimate a specific reserve on an individual basis. A reserve is recorded when the carrying amount of the loan exceeds the discounted estimated cash flows using the loan’s initial effective interest rate or the fair value of collateral for collateral-dependent loans. Assets are graded “pass” when the relationship exhibits acceptable credit risk and indicates repayment ability, tolerable collateral coverage and reasonable performance history. Lending relationships exhibiting potentially significant credit risk and marginal repayment ability and/or asset protection are graded “special mention.” Assets classified as “substandard” are inadequately protected by the current net worth and paying capacity of the obligor or of the collateral pledged, if any. Loans so classified must have a well-defined weakness that jeopardizes the liquidation of the debt. Substandard graded loans are characterized by the distinct possibility that the Company will sustain some loss if the deficiencies are not corrected. Assets graded “doubtful” are substandard graded loans that have added characteristics that make collection or liquidation in full improbable. Loans that are on nonaccrual status are generally classified as substandard. In general, the loans in our portfolio have low historical credit losses. The Company closely monitors economic conditions and loan performance trends to manage and evaluate the exposure to credit risk. Key factors tracked by the Company and utilized in evaluating the credit quality of the loan portfolio include trends in delinquency ratios, the level of nonperforming assets, borrower’s repayment capacity, and collateral coverage. The following table summarizes the credit exposure in the Company’s loan portfolio, by year of origination, as of June 30, 2021: June 30, 2021 2021 2020 2019 2018 2017 Prior Revolving Total Commercial and industrial: Pass $ 211,052 $ 67,442 $ 24,286 $ 10,741 $ 6,105 $ 20,334 $ 83,765 $ 423,725 Special mention 30 105 — — 27 — — 162 Substandard — 284 62 226 46 33 — 651 Nonaccrual — — 41 4 — 2 39 86 Total commercial and industrial loans $ 211,082 $ 67,831 $ 24,389 $ 10,971 $ 6,178 $ 20,369 $ 83,804 $ 424,624 Charge-offs $ — $ — $ (145 ) $ (67 ) $ (19 ) $ — $ (7 ) $ (238 ) Recoveries — — — — — 1 10 11 Current period net $ — $ — $ (145 ) $ (67 ) $ (19 ) $ 1 $ 3 $ (227 ) Construction and development: Pass $ 75,324 $ 95,313 $ 41,751 $ 8,414 $ 17,464 $ 16,080 $ 7,054 $ 261,400 Special mention — 793 — — 967 — — 1,760 Substandard — — 609 3 — — — 612 Nonaccrual — — 230 — — — — 230 Total construction and development loans $ 75,324 $ 96,106 $ 42,590 $ 8,417 $ 18,431 $ 16,080 $ 7,054 $ 264,002 Charge-offs $ — $ — $ — $ — $ — $ — $ — $ — Recoveries — — — — — 1 — 1 Current period net $ — $ — $ — $ — $ — $ 1 $ — $ 1 Commercial real estate: Pass $ 59,861 $ 99,816 $ 71,480 $ 65,798 $ 46,928 $ 186,791 $ 13,461 $ 544,135 Special mention 406 — 1,610 3,298 4,630 1,843 — 11,787 Substandard — 7,072 2,391 10,943 13,210 18,204 — 51,820 Nonaccrual — — — 162 202 358 — 722 Total commercial real estate loans $ 60,267 $ 106,888 $ 75,481 $ 80,201 $ 64,970 $ 207,196 $ 13,461 $ 608,464 Charge-offs $ — $ — $ (17 ) $ — $ (472 ) $ (271 ) $ — $ (760 ) Recoveries — — — — 11 — — 11 Current period net $ — $ — $ (17 ) $ — $ (461 ) $ (271 ) $ — $ (749 ) Farmland: Pass $ 28,867 $ 13,528 $ 9,286 $ 9,158 $ 5,494 $ 22,182 $ 5,750 $ 94,265 Special mention — — — — — 30 — 30 Substandard — — — — — 121 — 121 Nonaccrual — — — — — 109 — 109 Total farmland loans $ 28,867 $ 13,528 $ 9,286 $ 9,158 $ 5,494 $ 22,442 $ 5,750 $ 94,525 Charge-offs $ — $ — $ — $ — $ — $ — $ — $ — Recoveries — — — — — — — — Current period net $ — $ — $ — $ — $ — $ — $ — $ — June 30, 2021 2021 2020 2019 2018 2017 Prior Revolving Total 1-4 family residential: Pass $ 54,740 $ 76,540 $ 57,049 $ 43,069 $ 30,548 $ 114,346 $ 11,120 $ 387,412 Special mention — — — — 27 — — 27 Substandard — — — — — — — — Nonaccrual — — 227 310 230 1,410 — 2,177 Total 1-4 family residential loans $ 54,740 $ 76,540 $ 57,276 $ 43,379 $ 30,805 $ 115,756 $ 11,120 $ 389,616 Charge-offs $ — $ — $ — $ — $ — $ — $ — $ — Recoveries — — — — — — — — Current period net $ — $ — $ — $ — $ — $ — $ — $ — Multi-family residential: Pass $ 12,271 $ 4,828 $ 4,426 $ 15,480 $ 593 $ 3,601 $ 206 $ 41,405 Special mention — — — — — — — — Substandard — — — — 681 — — 681 Nonaccrual — — — — — — — — Total multi-family residential loans $ 12,271 $ 4,828 $ 4,426 $ 15,480 $ 1,274 $ 3,601 $ 206 $ 42,086 Charge-offs $ — $ — $ — $ — $ — $ — $ — $ — Recoveries — — — — — — — — Current period net $ — $ — $ — $ — $ — $ — $ — $ — Consumer and overdrafts: Pass $ 15,248 $ 16,834 $ 7,234 $ 6,807 $ 1,051 $ 804 $ 4,005 $ 51,983 Special mention — 8 2 — — — — 10 Substandard — — — — — — — — Nonaccrual — 44 84 106 12 — — 246 Total consumer loans and overdrafts $ 15,248 $ 16,886 $ 7,320 $ 6,913 $ 1,063 $ 804 $ 4,005 $ 52,239 Charge-offs $ (87 ) $ (18 ) $ (38 ) $ (16 ) $ (1 ) $ — $ — $ (160 ) Recoveries 36 3 — 8 2 15 — 64 Current period net $ (51 ) $ (15 ) $ (38 ) $ (8 ) $ 1 $ 15 $ — $ (96 ) Agricultural: Pass $ 1,535 $ 2,330 $ 1,232 $ 1,222 $ 333 $ 652 $ 7,153 $ 14,457 Special mention — — — — 27 — — 27 Substandard — — 5 33 46 17 — 101 Nonaccrual — — — 23 — — — 23 Total agricultural loans $ 1,535 $ 2,330 $ 1,237 $ 1,278 $ 406 $ 669 $ 7,153 $ 14,608 Charge-offs $ — $ — $ — $ — $ — $ — $ — $ — Recoveries — — — — — — — — Current period net $ — $ — $ — $ — $ — $ — $ — $ — Total loans: Pass $ 458,898 $ 376,631 $ 216,744 $ 160,689 $ 108,516 $ 364,790 $ 132,514 $ 1,818,782 Special mention 436 906 1,612 3,298 5,678 1,873 — 13,803 Substandard — 7,356 3,067 11,205 13,983 18,375 — 53,986 Nonaccrual — 44 582 605 444 1,879 39 3,593 Total loans $ 459,334 $ 384,937 $ 222,005 $ 175,797 $ 128,621 $ 386,917 $ 132,553 $ 1,890,164 Charge-offs $ (87 ) $ (18 ) $ (200 ) $ (83 ) $ (492 ) $ (271 ) $ (7 ) $ (1,158 ) Recoveries 36 3 — 8 13 17 10 87 Total current period net (charge-offs) recoveries $ (51 ) $ (15 ) $ (200 ) $ (75 ) $ (479 ) $ (254 ) $ 3 $ (1,071 ) The following table summarizes the credit exposure in the Company’s loan portfolio, by year of origination, as of December 31, 2020: December 31, 2020 2020 2019 2018 2017 2016 Prior Revolving Total Commercial and industrial: Pass $ 278,687 $ 30,563 $ 12,860 $ 4,366 $ 6,131 $ 16,294 $ 90,074 $ 438,975 Special mention 124 119 222 4,040 1,324 — — 5,829 Substandard — 307 540 50 43 — — 940 Nonaccrual — — 13 — 14 — — 27 Total commercial and industrial loans $ 278,811 $ 30,989 $ 13,635 $ 8,456 $ 7,512 $ 16,294 $ 90,074 $ 445,771 Charge-offs $ — $ — $ (43 ) $ — $ — $ — $ (25 ) $ (68 ) Recoveries — — 43 — — 14 44 101 Current period net $ — $ — $ — $ — $ — $ 14 $ 19 $ 33 Construction and development: Pass $ 118,590 $ 76,926 $ 26,212 $ 24,524 $ 7,742 $ 10,507 $ 3,266 $ 267,767 Special mention 356 — — 990 — — — 1,346 Substandard — 609 5 — 680 — — 1,294 Nonaccrual — — — — — — — — Total construction and development loans $ 118,946 $ 77,535 $ 26,217 $ 25,514 $ 8,422 $ 10,507 $ 3,266 $ 270,407 Charge-offs $ — $ — $ — $ — $ — $ — $ — $ — Recoveries — — — — — — — — Current period net $ — $ — $ — $ — $ — $ — $ — $ — Commercial real estate: Pass $ 91,819 $ 80,753 $ 89,542 $ 72,311 $ 86,946 $ 123,463 $ 5,890 $ 550,724 Special mention — 2,716 3,542 849 5,724 449 — 13,280 Substandard — — 2,010 4,913 4,445 8,240 — 19,608 Nonaccrual — 1,140 151 4,158 4,769 386 — 10,604 Total commercial real estate loans $ 91,819 $ 84,609 $ 95,245 $ 82,231 $ 101,884 $ 132,538 $ 5,890 $ 594,216 Charge-offs $ — $ — $ — $ — $ — $ — $ — $ — Recoveries — — — — — 1 — 1 Current period net $ — $ — $ — $ — $ — $ 1 $ — $ 1 Farmland: Pass $ 17,444 $ 12,668 $ 10,327 $ 6,620 $ 9,904 $ 15,402 $ 5,864 $ 78,229 Special mention — — — — — 35 — 35 Substandard — — — — — 129 — 129 Nonaccrual — — — — — 115 — 115 Total farmland loans $ 17,444 $ 12,668 $ 10,327 $ 6,620 $ 9,904 $ 15,681 $ 5,864 $ 78,508 Charge-offs $ — $ — $ — $ — $ — $ — $ — $ — Recoveries — — — — — — — — Current period net $ — $ — $ — $ — $ — $ — $ — $ — December 31, 2020 2020 2019 2018 2017 2016 Prior Revolving Total 1-4 family residential: Pass $ 87,578 $ 62,937 $ 52,087 $ 37,224 $ 43,858 $ 93,486 $ 10,091 $ 387,261 Special mention — — — — — 168 — 168 Substandard — — — — — — — — Nonaccrual — — 326 44 163 1,134 — 1,667 Total 1-4 family residential loans $ 87,578 $ 62,937 $ 52,413 $ 37,268 $ 44,021 $ 94,788 $ 10,091 $ 389,096 Charge-offs $ — $ — $ — $ — $ (9 ) $ (59 ) $ — $ (68 ) Recoveries — — — — — 2 — 2 Current period net $ — $ — $ — $ — $ (9 ) $ (57 ) $ — $ (66 ) Multi-family residential: Pass $ 5,889 $ 4,498 $ 3,617 $ 1,371 $ 1,737 $ 4,391 $ 198 $ 21,701 Special mention — — — — — — — — Substandard — — — — — — — — Nonaccrual — — — — — — — — Total multi-family residential loans $ 5,889 $ 4,498 $ 3,617 $ 1,371 $ 1,737 $ 4,391 $ 198 $ 21,701 Charge-offs $ — $ — $ — $ — $ — $ — $ — $ — Recoveries — — — — — — — — Current period net $ — $ — $ — $ — $ — $ — $ — $ — Consumer and overdrafts: Pass $ 24,740 $ 11,176 $ 9,369 $ 1,701 $ 735 $ 513 $ 2,825 $ 51,059 Special mention 16 83 9 7 — — — 115 Substandard — — — — — — — — Nonaccrual 24 36 131 20 1 — — 212 Total consumer loans and overdrafts $ 24,780 $ 11,295 $ 9,509 $ 1,728 $ 736 $ 513 $ 2,825 $ 51,386 Charge-offs $ (243 ) $ (63 ) $ (31 ) $ (43 ) $ (3 ) $ (6 ) $ — $ (389 ) Recoveries 49 2 12 8 4 13 — 88 Current period net $ (194 ) $ (61 ) $ (19 ) $ (35 ) $ 1 $ 7 $ — $ (301 ) Agricultural: Pass $ 3,489 $ 1,718 $ 1,893 $ 607 $ 273 $ 189 $ 7,408 $ 15,577 Special mention — — — 36 — — — 36 Substandard — 7 10 — 24 — — 41 Nonaccrual — — 33 — 45 2 — 80 Total agricultural loans $ 3,489 $ 1,725 $ 1,936 $ 643 $ 342 $ 191 $ 7,408 $ 15,734 Charge-offs $ — $ — $ (18 ) $ — $ — $ — $ — $ (18 ) Recoveries — — — — 20 — — 20 Current period net $ — $ — $ (18 ) $ — $ 20 $ — $ — $ 2 Total loans: Pass $ 628,236 $ 281,239 $ 205,907 $ 148,724 $ 157,326 $ 264,245 $ 125,616 $ 1,811,293 Special mention 496 2,918 3,773 5,922 7,048 652 — 20,809 Substandard — 923 2,565 4,963 5,192 8,369 — 22,012 Nonaccrual 24 1,176 654 4,222 4,992 1,637 — 12,705 Total loans $ 628,756 $ 286,256 $ 212,899 $ 163,831 $ 174,558 $ 274,903 $ 125,616 $ 1,866,819 Charge-offs $ (243 ) $ (63 ) $ (92 ) $ (43 ) $ (12 ) $ (65 ) $ (25 ) $ (543 ) Recoveries 49 2 55 8 24 30 44 212 Total current period net (charge-offs) recoveries $ (194 ) $ (61 ) $ (37 ) $ (35 ) $ 12 $ (35 ) $ 19 $ (331 ) There were no loans classified in the “doubtful” or “loss” risk rating categories as of June 30, 2021 and December 31, 2020. The following table presents the amortized cost basis of individually evaluated collateral-dependent loans by class of loans, and their impact on the ACL, as of June 30, 2021: Real Estate Non-RE Total Allowance for Commercial and industrial $ 123 $ — $ 123 $ 42 Real estate: Construction and development 609 — 609 210 Commercial real estate 4,602 — 4,602 948 Total $ 5,334 $ — $ 5,334 $ 1,200 The following table presents the amortized cost basis of individually evaluated collateral-dependent loans by class of loans, and their impact on the ACL, as of December 31, 2020: Real Estate Non-RE Total Allowance for Commercial and industrial $ 129 $ — $ 129 $ 44 Real estate: Construction and development 609 — 609 208 Commercial real estate 9,989 — 9,989 2,048 Total $ 10,727 $ — $ 10,727 $ 2,300 The following tables summarize the payment status of loans in the Company’s total loan portfolio, including an aging of delinquent loans and loans 90 days or more past due continuing to accrue interest as of: June 30, 2021 30 to 59 Days 60 to 89 Days 90 Days Total Current Total Recorded Commercial and industrial $ 45 $ 38 $ 59 $ 142 $ 424,482 $ 424,624 $ — Real estate: Construction and development 64 236 230 530 263,472 264,002 — Commercial real estate 40 278 206 524 607,940 608,464 — Farmland 95 — — 95 94,430 94,525 — 1-4 family residential 1,315 63 641 2,019 387,597 389,616 — Multi-family residential — — — — 42,086 42,086 — Consumer 178 18 85 281 51,514 51,795 — Agricultural 42 — — 42 14,566 14,608 — Overdrafts — — — — 444 444 — Total $ 1,779 $ 633 $ 1,221 $ 3,633 $ 1,886,531 $ 1,890,164 $ — December 31, 2020 30 to 59 Days 60 to 89 Days 90 Days Total Current Total Recorded Commercial and industrial $ 385 $ 25 $ 22 $ 432 $ 445,339 $ 445,771 $ — Real estate: Construction and development 256 — — 256 270,151 270,407 — Commercial real estate 1,094 — 10,105 11,199 583,017 594,216 — Farmland 117 3 — 120 78,388 78,508 — 1-4 family residential 2,097 556 127 2,780 386,316 389,096 — Multi-family residential — — — — 21,701 21,701 — Consumer 383 124 97 604 50,440 51,044 — Agricultural 50 46 45 141 15,593 15,734 — Overdrafts — — — — 342 342 — Total $ 4,382 $ 754 $ 10,396 $ 15,532 $ 1,851,287 $ 1,866,819 $ — Troubled Debt Restructurings A troubled debt restructuring (“TDR”) is a restructuring in which a bank, for economic or legal reasons related to a borrower’s financial difficulties, grants a concession to the borrower that it would not otherwise consider. The outstanding balances of TDRs are shown below: June 30, 2021 December 31, 2020 Nonaccrual TDRs $ 86 $ 90 Performing TDRs 9,535 9,626 Total $ 9,621 $ 9,716 Specific reserves on TDRs $ — $ — There was one loan modified as a TDR that occurred during the six months ended June 30, 2021. No TDRs have subsequently defaulted during 2021, and the TDRs described above have not increased the allowance for credit losses and have not resulted in any charge-offs during the six months ended June 30, 2021. The following table presents the loan by class, modified as a TDR that occurred during the six months ended June 30, 2021: Six Months Ended June 30, 2021 Number Pre-Modification Post-Modification Troubled Debt Restructurings: Commercial and industrial 1 $ 17 $ 17 Total 1 $ 17 $ 17 The following table presents loans by class, modified as TDRs that occurred during the year ended December 31, 2020: Year Ended December 31, 2020 Number Pre-Modification Post-Modification Troubled Debt Restructurings: Construction and development 2 $ 1,289 $ 1,081 Commercial and industrial 1 129 85 Commercial real estate 1 1,017 670 Total 4 $ 2,435 $ 1,836 There were no TDRs that subsequently defaulted during 2020, and the TDRs described above did not increase the allowance for credit losses and resulted in no charge-offs during the year ended December 31, 2020. There were no loans modified as TDRs during the six months ended June 30, 2020.

SECURITIES SOLD UNDER AGREEMENT

SECURITIES SOLD UNDER AGREEMENTS TO REPURCHASE AND OTHER DEBT	6 Months Ended
	Jun. 30, 2021
Debt Disclosure [Abstract]
SECURITIES SOLD UNDER AGREEMENTS TO REPURCHASE AND OTHER DEBT	NOTE 4 - SECURITIES SOLD UNDER AGREEMENTS TO REPURCHASE AND OTHER DEBT At June 30, 2021 and December 31, 2020, securities sold under agreements to repurchase totaled $15,336 and $15,631, respectively. The Company has an unsecured $25,000 revolving line of credit, which had no outstanding balance at June 30, 2021, bears interest at the greater of (i) the prime rate, which was 3.25% at June 30, 2021, or (ii) the rate floor of 3.50%, with interest payable quarterly, and matures in March 2022. Federal Home Loan Bank (FHLB) advances, as of June 30, 2021, were as follows: Fixed rate advances, with monthly interest payments, principal due in: Year Current Principal Due 2021 0.19 % $ 41,500 2022 1.99 % 1,500 2023 — — 2024 1.76 % 6,000 2025 — — $ 49,000 There are no fixed rate advances, with monthly principal and interest payments outstanding as of June 30, 2021.

SUBORDINATED DEBENTURES

SUBORDINATED DEBENTURES	6 Months Ended
	Jun. 30, 2021
Debt Disclosure [Abstract]
SUBORDINATED DEBENTURES	NOTE 5 - SUBORDINATED DEBENTURES Subordinated debentures are made up of the following as of: June 30, 2021 December 31, 2020 Trust II Debentures $ 3,093 $ 3,093 Trust III Debentures 2,062 2,062 DCB Trust I Debentures 5,155 5,155 Other debentures 9,500 9,500 $ 19,810 $ 19,810 The Company has three trusts, Guaranty (TX) Capital Trust II (“Trust II”), Guaranty (TX) Capital Trust III (“Trust III”), and DCB Financial Trust I (“DCB Trust I”) (“Trust II”, “Trust III” and together with “DCB Trust I,” the “Trusts”). Upon formation, the Trusts issued pass-through securities (“TruPS”) with a liquidation value of $1,000 per share to third parties in private placements. Concurrently with the issuance of the TruPS, the Trusts issued common securities to the Company. The Trusts invested the proceeds of the sales of securities to the Company (“Debentures”). The Debentures mature approximately 30 years after the formation date, which may be shortened if certain conditions are met (including the Company having received prior approval of the Federal Reserve and any other required regulatory approvals). Trust II Trust III DCB Trust I Formation date October 30, 2002 July 25, 2006 March 29, 2007 Capital trust pass-through securities Number of shares 3,000 2,000 5,000 Original liquidation value $ 3,000 $ 2,000 $ 5,000 Common securities liquidation value 93 62 155 The securities held by the Trusts qualify as Tier 1 capital for the Company under Federal Reserve Board guidelines. The Federal Reserve’s guidelines restrict core capital elements (including trust preferred securities and qualifying perpetual preferred stock) to 25% of all core capital elements, net of goodwill less any associated deferred tax liability. Because the Company’s aggregate amount of trust preferred securities is less than the limit of 25% of Tier 1 capital, net of goodwill, the full amount is includable in Tier 1 capital at June 30, 2021 and December 31, 2020. Additionally, the terms provide that trust preferred securities would no longer qualify for Tier 1 capital within five years of their maturity, but would be included as Tier 2 capital. However, the trust preferred securities would be amortized out of Tier 2 capital by one-fifth each year and excluded from Tier 2 capital completely during the year prior to maturity of the junior subordinated debentures. With certain exceptions, the amount of the principal and any accrued and unpaid interest on the Debentures are subordinated in right of payment to the prior payment in full of all senior indebtedness of the Company. Interest on the Debentures is payable quarterly. The interest is deferrable on a cumulative basis for up to five consecutive years following a suspension of dividend payments on all other capital stock. No principal payments are due until maturity for each of the Debentures. Trust II Debentures Trust III Debentures DCB Trust I Original amount $ 3,093 $ 2,062 $ 5,155 Maturity date October 30, 2032 October 1, 2036 June 15, 2037 Interest due Quarterly Quarterly Quarterly In accordance with ASC 810, “ Consolidation, Trust II Debentures Interest is payable at a variable rate per annum, reset quarterly, equal to 3 month LIBOR plus 3.35%. On any interest payment date on or after October 30, 2012 and prior to maturity date, the debentures are redeemable for cash at the option of the Company, on at least 30 Trust III Debentures Interest is payable at a variable rate per annum, reset quarterly, equal to 3 month LIBOR plus 1.67%. On any interest payment date on or after October 1, 2016 and prior to maturity date, the debentures are redeemable for cash at the option of the Company, on at least 30 DCB Trust I Debentures Interest is payable at a variable rate per annum, reset quarterly, equal to 3 month LIBOR plus 1.80%. On any interest payment date on or after June 15, 2012 and prior to maturity date, the debentures are redeemable for cash at the option of the Company, on at least 30 Other Debentures In May 2020, the Company issued $10,000 in debentures to directors and other related parties. The debentures were issued at a par value of $500 each with fixed annual rates between 1.00% and 4.00% and maturity dates between November 1, 2020 and November 1, 2024. $500 matured in November of 2020 and $9,500 remain as of June 30, 2021. At the Company’s option, and with 30 days advanced notice to the holder, the entire principal amount and all accrued interest may be paid to the holder on or before the due date of any debenture. The redemption price is equal to 100% of the face amount of the debenture redeemed, plus all accrued interest. The scheduled principal payments and weighted average rates of other debentures are as follows: Year Current Principal Due 2022 2.45 % $ 2,000 2023 2.85 % 3,500 2024 3.74 % 4,000 $ 9,500

EQUITY AWARDS

EQUITY AWARDS	6 Months Ended
	Jun. 30, 2021
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]
EQUITY AWARDS	NOTE 6 – EQUITY AWARDS The Company’s 2015 Equity Incentive Plan (the “Plan”) was adopted by the Company and approved by its shareholders in April 2015. The maximum number of shares of common stock that may be issued pursuant to stock-based awards under the Plan equals 1,100,000 shares, all of which may be subject to incentive stock option treatment. Option awards are generally granted with an exercise price equal to the market price of the Company’s common stock at the date of grant; those option awards have vesting periods ranging from 5 to 10 years and have 10-year contractual terms. Restricted stock awards vest under the period of restriction specified within their respective award agreements as determined by the Company. Forfeitures are recognized as they occur, subject to a 90-day grace period for vested options. The fair value of each option award is estimated on the date of grant using a closed form option valuation (Black-Scholes) model that uses the assumptions noted in the table below. Expected volatilities are based on historical volatilities of the Company’s common stock and similar peer group averages. The Company uses historical data to estimate option exercise and post-vesting termination behavior. The expected term of options granted is based on historical data and represents the period of time that options granted are expected to be outstanding, which takes in to account that the options are not transferable. The risk-free interest rate for the expected term of the option is based on U.S. Treasury yield curve in effect at the time of the grant. A summary of stock option activity in the Plan during the six months ended June 30, 2021 and 2020 follows: Six Months Ended June 30, 2021 Number of Weighted- Weighted- Aggregate Outstanding at beginning of year 506,200 $ 26.81 5.82 $ 1,805 Effect of 10% stock dividend 50,770 Granted 24,500 33.37 9.61 22 Exercised (28,590 ) 22.28 3.38 337 Forfeited (19,020 ) 26.01 7.09 153 Balance, June 30, 2021 533,860 $ 24.84 5.58 $ 4,930 Exercisable at end of period 312,206 $ 23.58 4.49 $ 3,274 Six Months Ended June 30, 2020 Number of Weighted- Weighted- Aggregate Outstanding at beginning of year 508,000 $ 26.68 6.24 $ 3,159 Granted 35,000 27.64 9.72 41 Exercised (3,000 ) 24.00 2.29 6 Forfeited (28,200 ) 31.93 8.16 — Balance, June 30, 2020 511,800 $ 26.47 5.90 $ 607 Exercisable at end of period 284,620 $ 25.28 4.88 $ 438 A summary of nonvested stock option activity in the Plan during the six months ended June 30, 2021 and 2020 follows: Six Months Ended June 30, 2021 Number of Weighted-Average Outstanding at beginning of year 214,680 $ 4.46 Effect of 10% stock dividend 23,218 Granted 24,500 5.67 Vested (31,724 ) (6.13 ) Forfeited (9,020 ) (8.06 ) Balance, June 30, 2021 221,654 $ 5.01 Six Months Ended June 30, 2020 Number of Weighted-Average Outstanding at beginning of year 251,120 $ 4.97 Granted 35,000 4.13 Vested (35,740 ) (6.43 ) Forfeited (23,200 ) (3.13 ) Balance, June 30, 2020 227,180 $ 5.55 Information related to stock options in the Plan is as follows for the six months ended: June 30, 2021 June 30, 2020 Intrinsic value of options exercised $ 337 $ 6 Cash received from options exercised $ 636 72 Weighted average fair value of options granted 5.67 4.13 Restricted Stock Awards and Units A summary of restricted stock activity in the Plan during the six months ended June 30, 2021 and 2020 follows: Six Months Ended June 30, 2021 Number of Weighted-Average Outstanding at beginning of year 35,300 $ 29.72 Effect of 10% stock dividend 3,530 — Granted — — Vested (4,840 ) 30.25 Forfeited — — Balance, June 30, 2021 33,990 $ 26.95 Six Months Ended June 30, 2020 Number of Weighted-Average Outstanding at beginning of year 31,459 $ 30.29 Granted — — Vested (10,100 ) 30.25 Forfeited — — Balance, June 30, 2020 21,359 $ 30.31 Restricted stock granted to employees typically vests over five years, but vesting periods may vary. Compensation expense for these grants will be recognized over the vesting period of the awards based on the fair value of the stock at the issue date. As of June 30, 2021, there was $1,772 of total unrecognized compensation expense related to unvested stock options granted under the Plan. The expense is expected to be recognized over a weighted-average period of 3.17 years. The Company granted options under the Plan during the first six months of 2021 and 2020. Expense of $329 was recorded during both the six months ended June 30, 2021 and 2020, which represents the fair value of shares vested during those periods.

EMPLOYEE BENEFITS

EMPLOYEE BENEFITS	6 Months Ended
	Jun. 30, 2021
Compensation And Retirement Disclosure [Abstract]
EMPLOYEE BENEFITS	NOTE 7 - EMPLOYEE BENEFITS KSOP The Company maintains an Employee Stock Ownership Plan containing Section 401(k) provisions covering substantially all employees (“KSOP”). The plan provides for a matching contribution of up to 5% of a participant’s qualified compensation starting January 1, 2016. Guaranty’s total contributions accrued or paid during the six months ended June 30, 2021 and 2020 totaled $737 and $692, respectively. Upon separation from service or other distributable event, a participant’s account under the KSOP may be distributed in kind in the form of the GNTY common shares allocated to his or her account (with the balance payable in cash), or the entire account can be liquidated and distributed in cash. As of June 30, 2021, the number of shares held by the KSOP was 1,304,471. There were no unallocated shares to plan participants as of June 30, 2021, and all shares held by the KSOP were treated as outstanding. Executive Incentive Retirement Plan The Company established a non-qualified, non-contributory executive incentive retirement plan covering a selected group of key personnel to provide benefits equal to amounts computed under an “award criteria” at various targeted salary levels as adjusted for annual earnings performance of the Company. The plan is non-funded. In connection with the Executive Incentive Retirement Plan, the Company has purchased life insurance policies on the respective officers. The cash surrender value of life insurance policies held by the Company totaled $36,367 and $35,510 as of June 30, 2021 and December 31, 2020, respectively. Expense related to these plans totaled $471 and $400 for the six months ended June 30, 2021 and 2020, respectively, and $592 for the year ended December 31, 2020. This expense is included in employee compensation and benefits on the Company’s consolidated statements of earnings. The recorded liability totaled approximately $4,781 and $4,383 as of June 30, 2021 and December 31, 2020, respectively and is included in accrued interest and other liabilities on the Company’s consolidated balance sheets. Bonus Plan The Company has a bonus plan that rewards officers and employees based on performance of individual business units of the Company. Earnings and growth performance goals for each business unit and for the Company as a whole are established at the beginning of the calendar year and approved annually by Guaranty’s board of directors. The bonus plan provides for a predetermined bonus amount to be contributed to the employee bonus pool based on (i) earnings target and growth for individual business units and (ii) achieving certain pre-tax return on average equity and pre-tax return on average asset levels for the Company as a whole. These bonus amounts are established annually by Guaranty’s board of directors. The bonus expense under this plan for the six months ended June 30, 2021 and 2020 totaled $2,153 and $728, respectively. This expense is included in employee compensation and benefits on the consolidated statements of earnings.

LEASES

LEASES	6 Months Ended
	Jun. 30, 2021
Leases [Abstract]
LEASES	NOTE 8 – LEASES The Company has operating leases for bank locations, ATMs, corporate offices, and certain other arrangements, which have remaining lease terms of 1 year to 14 years. Some of the Company’s operating leases include options to extend the leases for up to 10 years. Operating leases in which we are the lessee must be recorded as right-of-use assets with corresponding lease liabilities. The right-of-use asset represents our right to utilize the underlying asset during the lease term, while the lease liability represents the present value of the obligation of the Company to make periodic lease payments over the life of the lease. The associated operating lease costs are comprised of the amortization of the right-of-use asset and the implicit interest accreted on the lease liability, which is recognized on a straight-line basis over the life of the lease. As of June 30, 2021, operating lease right-of-use assets were $15,179 and liabilities were $15,551, and as of December 31, 2020, lease assets and liabilities were $13,291 and $13,539 respectively, and were included within the accompanying consolidated balance sheets as components of other assets and accrued interest and other liabilities, respectively. Operating lease expense for operating leases accounted for under ASC 842 for the six months ended June 30, 2021 and 2020 was approximately $1,146 and $921, respectively, and is included as a component of occupancy expenses within the accompanying consolidated statements of earnings. The table below summarizes other information related to our operating leases as of: June 30, 2021 December 31, 2020 Operating leases Operating lease right-of-use assets $ 15,179 $ 13,291 Operating lease liabilities 15,551 13,539 Weighted average remaining lease term Operating leases 9 years 9 years Weighted average discount rate Operating leases 1.96 % 2.19 % The Company leases some of its banking facilities under non-cancelable operating leases expiring in various years through 2024 and thereafter. Minimum future lease payments under these non-cancelable operating leases in excess of one year as of June 30, 2021, are as follows: Year Ended December 31, Amount 2021 $ 1,107 2022 2,110 2023 2,049 2024 2,008 2025 1,868 Thereafter 7,440 Total lease payments 16,582 Less: interest (1,031 ) Present value of lease liabilities $ 15,551

INCOME TAXES

INCOME TAXES	6 Months Ended
	Jun. 30, 2021
Income Tax Disclosure [Abstract]
INCOME TAXES	NOTE 9 - INCOME TAXES Income tax expense was as follows for: Three Months Ended Six Months Ended 2021 2020 2021 2020 Income tax expense for the period $ 2,312 $ (190 ) $ 4,648 $ 1,255 Effective tax rate 18.14 % -21.47 % 17.85 % 14.58 % The effective tax rates differ from the statutory federal tax rate of 21% for the three and six months ended June 30, 2021 and 2020, largely due to tax exempt interest income earned on certain investment securities and loans and the nontaxable earnings on bank owned life insurance.

DERIVATIVE FINANCIAL INSTRUMENT

DERIVATIVE FINANCIAL INSTRUMENTS	6 Months Ended
	Jun. 30, 2021
Derivative Instruments and Hedging Activities Disclosure [Abstract]
DERIVATIVE FINANCIAL INSTRUMENTS	NOTE 10 - DERIVATIVE FINANCIAL INSTRUMENTS The Company utilizes certain derivative financial instruments. Stand-alone derivative financial instruments such as interest rate swaps, are used to economically hedge interest rate risk related to the Company’s liabilities. These derivative instruments involve both credit and market risk. The notional amounts are amounts on which calculations, payments, and the value of the derivative are based. Notional amounts do not represent direct credit exposures. Direct credit exposure is limited to the net difference between the calculated amounts to be received and paid, if any. Such difference, which represents the fair value of the derivative instruments, is reflected on the Company’s consolidated balance sheets in other liabilities. The Company is exposed to credit related losses in the event of nonperformance by the counterparties to those agreements. The Company controls the credit risk of its financial contracts through credit approvals, limits and monitoring procedures, and does not expect any counterparties to fail to perform their respective obligations. The Company entered into interest rate swaps to receive payments at a fixed rate in exchange for paying a floating rate on the debentures discussed in Note 5. Management believes that entering into the interest rate swaps exposed the Company to variability in their fair value due to changes in the level of interest rates. It is the Company’s objective to hedge the change in fair value of floating rate debentures at coverage levels that are appropriate, given anticipated or existing interest rate levels and other market considerations, as well as the relationship of change in this liability to other liabilities of the Company. The Company also entered into interest rate swaps to receive payments at a floating rate in exchange for paying a fixed rate, the objective of which is to reduce the overall cost of short-term 3-month FHLB advances that will be renewed consistent with the reset terms on the interest rate swap and that are included in the amounts in Note 4. Interest rate swaps with notional amounts totaling $5,000 as of June 30, 2021 and December 31, 2020, were designated as cash flow hedges of the debentures and $40,000 as of June 30, 2021 and December 31, 2020 were designated as cash flow hedges of the FHLB advances. The aggregate fair value of the swaps is recorded in accrued interest and other liabilities within the Company’s consolidated balance sheets with changes in fair value recorded in other comprehensive income. The information pertaining to outstanding interest rate swap agreements used to hedge floating rate debentures and FHLB advances was as follows as of: June 30, 2021 Notional Pay Receive Effective Maturity Unrealized $ 2,000 5.979 % 3 month LIBOR plus 1.67% 10/1/2016 4.75 $ 324 $ 3,000 7.505 % 3 month LIBOR plus 3.35% 10/30/2012 1.33 $ 160 $ 15,000 0.668 % 3 month LIBOR 3/18/2020 1.72 $ 105 $ 15,000 0.790 % 3 month LIBOR 3/18/2020 3.72 $ 45 $ 10,000 0.530 % 3 month LIBOR 3/23/2020 1.73 $ 45 December 31, 2020 Notional Pay Receive Effective Maturity Unrealized $ 2,000 5.979 % 3 month LIBOR plus 1.67% 10/1/2016 5.25 $ 408 $ 3,000 7.505 % 3 month LIBOR plus 3.35% 10/30/2012 1.83 $ 221 $ 15,000 0.668 % 3 month LIBOR 3/18/2020 2.22 $ 159 $ 15,000 0.790 % 3 month LIBOR 3/18/2020 4.22 $ 288 $ 10,000 0.530 % 3 month LIBOR 3/23/2020 2.23 $ 75 Interest expense recorded on these swap transactions totaled $320 and $276 during the six months ended June 30, 2021 and 2020, respectively. This expense is reported as a component of interest expense on the debentures and the FHLB advances and federal funds purchased. At June 30, 2021, the Company expected none of the unrealized loss to be reclassified as a reduction of interest expense during the remainder of 2021.

COMMITMENTS AND CONTINGENCIES

COMMITMENTS AND CONTINGENCIES	6 Months Ended
	Jun. 30, 2021
Commitments and Contingencies Disclosure [Abstract]
COMMITMENTS AND CONTINGENCIES	NOTE 11 - COMMITMENTS AND CONTINGENCIES In the normal course of business, the Company enters into various transactions, which, in accordance with GAAP, are not included in its consolidated balance sheets. These transactions are referred to as “off-balance sheet commitments.” The Company enters into these transactions to meet the financing needs of its customers. These transactions include commitments to extend credit and letters of credit, which involve elements of credit risk in excess of the amounts recognized in the consolidated balance sheets. The Company minimizes its exposure to loss under these commitments by subjecting them to credit approval and monitoring procedures. The Company enters into contractual commitments to extend credit, normally with fixed expiration dates or termination clauses, at specified rates and for specific purposes. Customers use credit commitments to ensure that funds will be available for working capital purposes, for capital expenditures and to ensure access to funds at specified terms and conditions. Substantially all of the Company’s commitments to extend credit are contingent upon customers maintaining specific credit standards at the time of loan funding. Management considers the likelihood of commitments and letters of credit to be funded, along with credit related conditions present in the loan agreements when estimating an ACL for off-balance sheet commitments. Loan agreements executed in connection with construction loans and commercial lines of credit have standard conditions which must be met prior to the Company being required to provide additional funding, including conditions precedent that typically include: (i) no event of default or potential default has occurred; (ii) that no material adverse events have taken place that would materially affect the borrower or the value of the collateral, (iii) that the borrower remains in compliance with all loan obligations and covenants and has made no misrepresentations; (iv) that the collateral has not been damaged or impaired; (v) that the project remains on budget and in compliance with all laws and regulations; and (vi) that all management agreements, lease agreements and franchise agreements that affect the value of the collateral remain in force. If the conditions precedent have not been met, the Company retains the option to cease current draws and/or future funding. As a result of these conditions within our loan agreements, management has determined that credit risk is minimal and there is no recorded ACL as of June 30, 2021 and December 31, 2020. Letters of credit are written conditional commitments issued by the Company to guarantee the performance of a customer to a third party. The Company’s policies generally require that letters of credit arrangements contain security and debt covenants similar to those contained in loan agreements. In the event the customer does not perform in accordance with the terms of the agreement with the third party, the Company would be required to fund the commitment. The maximum potential amount of future payments the Company could be required to make is represented by the contractual amount shown in the table below. If the commitment were funded, the Company would be entitled to seek recovery from the customer. As of June 30, 2021 and December 31, 2020, no amounts have been recorded as liabilities for the Bank’s potential obligations under these guarantees. Commitments and letters of credit outstanding were as follows as of: Contract or Notional Amount June 30, 2021 December 31, 2020 Commitments to extend credit $ 358,725 $ 324,277 Letters of credit 8,511 8,488 Litigation The Company is involved in certain claims and lawsuits occurring in the normal course of business. Management, after consultation with legal counsel, does not believe that the outcome of these actions, if determined adversely, would have a material impact on the consolidated financial statements of the Company. FHLB Letters of Credit At June 30, 2021, the Company had letters of credit of $50,833 pledged to secure public deposits, repurchase agreements, and for other purposes required or permitted by law.

REGULATORY MATTERS

REGULATORY MATTERS	6 Months Ended
	Jun. 30, 2021
Banking And Thrifts [Abstract]
REGULATORY MATTERS	NOTE 12 - REGULATORY MATTERS The Company on a consolidated basis and the Bank are subject to various regulatory capital requirements administered by federal banking agencies. Failure to meet minimum capital requirements can initiate certain mandatory and possibly additional discretionary actions by regulators that, if undertaken, could have a direct material effect on the Company’s financial statements. Under capital adequacy guidelines and the regulatory framework for prompt corrective action, the Company must meet specific capital guidelines that involve quantitative measures of the Company’s assets, liabilities, and certain off balance sheet items as calculated under regulatory accounting practices. The Company’s capital amounts and classification are also subject to qualitative judgments by the regulators about components, risk weightings, and other factors. The Basel III Capital Rules, a comprehensive capital framework for U.S. banking organizations, became effective for the Company and Bank on January 1, 2015, with certain transition provisions that were fully phased in on January 1, 2019. Quantitative measures established by the Basel III Capital Rules to ensure capital adequacy require the maintenance of minimum amounts and ratios (set forth in the table below) of Common Equity Tier 1 capital, Tier 1 capital and Total capital (as defined in the regulations) to risk-weighted assets (as defined), and or Tier 1 capital to adjusted quarterly average assets (as defined). Management believes, as of June 30, 2021 and December 31, 2020, that the Bank met all capital adequacy requirements to which it was subject. The Basel III Capital Rules, among other things, have (i) introduced a new capital measure called “Common Equity Tier 1” (“CET1”), (ii) specified that Tier 1 capital consist of CET1 and “Additional Tier 1 Capital” instruments meeting specified requirements, (iii) defined CET1 narrowly by requiring that most deductions/adjustments to regulatory capital measures be made to CET1 and not to the other components of capital, (iv) expanded the scope of the deductions/adjustments as compared to existing regulations, and (v) imposed a “capital conservation buffer” of 2.5% above minimum risk-based capital requirements, below which an institution would be subject to limitations on certain activities including payment of dividends, share repurchases and discretionary bonuses to executive officers. As of June 30, 2021 and December 31, 2020, the Company’s capital ratios exceeded those levels necessary to be categorized as “well capitalized” under the regulatory framework for prompt corrective action. To be categorized as “well capitalized”, the Company must maintain minimum total risk-based, CET1, Tier 1 risk-based and Tier 1 leverage ratios as set forth in the table. There are no conditions or events since June 30, 2021 that management believes have changed the Company’s category. The Federal Reserve’s guidelines regarding the capital treatment of trust preferred securities limits restricted core capital elements (including trust preferred securities and qualifying perpetual preferred stock) to 25% of all core capital elements, net of goodwill less any associated deferred tax liability. Because the Company’s aggregate amount of trust preferred securities is less than the limit of 25% of Tier 1 capital, net of goodwill, the rules permit the inclusion of $10,310 of trust preferred securities in Tier 1 capital as of June 30, 2021 and December 31, 2020. Additionally, the rules provide that trust preferred securities would no longer qualify for Tier 1 capital within five years of their maturity, but would be included as Tier 2 capital. However, the trust preferred securities would be amortized out of Tier 2 capital by one-fifth each year and excluded from Tier 2 capital completely during the year prior to maturity of the subordinated debentures. A comparison of the Company’s and Bank’s actual capital amounts and ratios to required capital amounts and ratios are presented in the following tables as of: Actual Minimum Required Minimum Required To Be Well Amount Ratio Amount Ratio Amount Ratio Amount Ratio June 30, 2021 Total capital to risk-weighted assets: Consolidated $ 280,300 14.52 % $ 154,445 8.00 % $ 202,709 10.50 % n/a Bank 289,779 15.01 % 154,442 8.00 % 202,705 10.50 % $ 193,052 10.00 % Tier 1 capital to risk-weighted assets: Consolidated 256,077 13.26 % 115,834 6.00 % 164,098 8.50 % n/a Bank 265,556 13.76 % 115,831 6.00 % 164,094 8.50 % 154,442 8.00 % Tier 1 capital to average assets: (1) Consolidated 256,077 8.86 % 115,560 4.00 % 115,560 4.00 % n/a Bank 265,556 9.19 % 115,560 4.00 % 115,560 4.00 % 144,450 5.00 % Common equity tier 1 capital to risk-weighted assets: Consolidated 245,767 12.73 % 86,875 4.50 % 135,139 7.00 % n/a Bank 265,556 13.76 % 86,874 4.50 % 135,137 7.00 % 125,484 6.50 % (1) The Tier 1 capital ratio (to average assets) is not impacted by the Basel III Capital Rules; however, the Federal Reserve and the FDIC may require the Consolidated Company and the Bank, respectively, to maintain a Tier 1 capital ratio (to average assets) above the required minimum. Actual Minimum Required Minimum Required To Be Well Amount Ratio Amount Ratio Amount Ratio Amount Ratio December 31, 2020 Total capital to risk-weighted assets: Consolidated $ 263,144 13.20 % $ 159,496 8.00 % $ 209,338 10.50 % n/a Bank 285,490 14.32 % 159,514 8.00 % 209,362 10.50 % $ 199,392 10.00 % Tier 1 capital to risk-weighted assets: Consolidated 238,115 11.94 % 119,622 6.00 % 169,464 8.50 % n/a Bank 260,459 13.06 % 119,635 6.00 % 169,483 8.50 % 159,514 8.00 % Tier 1 capital to average assets: (1) Consolidated 238,115 9.13 % 104,293 4.00 % 104,293 4.00 % n/a Bank 260,459 9.99 % 104,293 4.00 % 104,293 4.00 % 130,366 5.00 % Common equity tier 1 capital to risk-weighted assets: Consolidated 227,805 11.43 % 89,716 4.50 % 139,559 7.00 % n/a Bank 260,459 13.06 % 89,726 4.50 % 139,574 7.00 % 129,605 6.50 % (1) The Tier 1 capital ratio (to average assets) is not impacted by the Basel III Capital Rules; however, the Federal Reserve and the FDIC may require the Consolidated Company and the Bank, respectively, to maintain a Tier 1 capital ratio (to average assets) above the required minimum. Dividends paid by Guaranty are mainly provided by dividends from its subsidiaries. However, certain regulatory restrictions exist regarding the ability of its bank subsidiary to transfer funds to Guaranty in the form of cash dividends, loans or advances. The amount of dividends that a subsidiary bank organized as a national banking association, such as the Bank, may declare in a calendar year is the subsidiary bank’s net profits for that year combined with its retained net profits for the preceding two years.

FAIR VALUE

FAIR VALUE	6 Months Ended
	Jun. 30, 2021
Fair Value Disclosures [Abstract]
FAIR VALUE	NOTE 13 - FAIR VALUE Fair value is the exchange price that would be received for an asset or paid to transfer a liability (exit price) in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants on the measurement date. There are three levels of inputs that may be used to measure fair values: Level 1 - Quoted prices (unadjusted) for identical assets or liabilities in active markets that the entity has the ability to access as of the measurement date. Level 2 - Significant other observable inputs other than Level 1 prices such as quoted prices for similar assets or liabilities; quoted prices in markets that are not active; or other inputs that are observable or can be corroborated by observable market data. Level 3 - Significant unobservable inputs that reflect a company’s own assumptions about the assumptions that market participants would use in pricing an asset or liability. The Company used the following methods and significant assumptions to estimate fair value: Marketable Securities Loans Held For Sale Derivative Instruments Other Real Estate Owned Individually Evaluated Collateral Dependent Loans The following tables summarize quantitative disclosures about the fair value measurements for each category of financial assets (liabilities) carried at fair value: As of June 30, 2021 Fair Quoted Significant Significant Assets (liabilities) at fair value on a recurring basis: Available for sale securities: Mortgage-backed securities $ 157,316 $ — $ 157,316 $ — Collateralized mortgage obligations 66,928 — 66,928 — Municipal securities 171,813 — 171,813 — Corporate bonds 40,431 — 40,431 — U.S. government agencies 10,148 — 10,148 — Loans held for sale 5,088 — — 5,088 Cash surrender value of life insurance 36,367 — 36,367 — SBA servicing assets 740 — — 740 Derivative instrument assets 484 — 484 — Derivative instrument liabilities (679 ) — (679 ) — Assets at fair value on a nonrecurring basis: Individually evaluated collateral dependent loans 4,134 — — 4,134 As of December 31, 2020 Fair Quoted Significant Significant Assets (liabilities) at fair value on a recurring basis: Available for sale securities: Mortgage-backed securities $ 107,164 $ — $ 107,164 $ — Collateralized mortgage obligations 66,945 — 66,945 — Municipal securities 175,704 — 175,704 — Corporate bonds 30,982 — 30,982 — Loans held for sale 5,542 — — 5,542 Cash surrender value of life insurance 35,510 — 35,510 — SBA servicing assets 763 — — 763 Derivative instrument assets 629 — 629 — Derivative instrument liabilities (1,151 ) — (1,151 ) — Assets at fair value on a nonrecurring basis: Individually evaluated collateral dependent loans 8,427 — — 8,427 There were no transfers between Level 2 and Level 3 during the six months ended June 30, 2021 or for the year ended December 31, 2020. Nonfinancial Assets and Nonfinancial Liabilities Nonfinancial assets measured at fair value on a nonrecurring basis during the six months ended June 30, 2021 and 2020 include certain foreclosed assets which, upon initial recognition, were remeasured and reported at fair value through a charge-off to the allowance for credit losses and certain foreclosed assets which, subsequent to their initial recognition, were remeasured at fair value through a write-down included in current earnings. The fair value of a foreclosed asset is estimated using Level 2 inputs based on observable market data or Level 3 inputs based on customized discounting criteria. The following table presents foreclosed assets that were remeasured and recorded at fair value as of: June 30, 2021 December 31, 2020 June 30, 2020 Other real estate owned remeasured at initial recognition: Carrying value of other real estate owned prior to remeasurement $ — $ 42 $ — Charge-offs recognized in the allowance for credit losses — (9 ) — Fair value of other real estate owned remeasured at initial recognition $ — $ 33 $ — Other real estate owned remeasured subsequent to initial recognition: Carrying value of other real estate owned prior to remeasurement $ — $ 62 $ 62 Write-downs included in collection and other real estate owned expense — (1 ) (1 ) Fair value of other real estate owned remeasured subsequent to initial recognition $ — $ 61 $ 61 The following table presents quantitative information about nonrecurring Level 3 fair value measurements as of: June 30, 2021 Fair Value Valuation Unobservable Range Other real estate owned $ 227 Appraisal Selling costs 10%-20% (16%) December 31, 2020 Fair Value Valuation Unobservable Range Other real estate owned $ 404 Appraisal Selling costs 10%-20% (16%) The following table presents information on individually evaluated collateral dependent loans as of June 30, 2021: Fair Value Measurements Using Level 1 Level 2 Level 3 Total Fair Value Commercial and industrial $ — $ — $ 81 $ 81 Real estate: Construction and development — — 399 399 Commercial real estate — — 3,654 3,654 Total $ — $ — $ 4,134 $ 4,134 The carrying amounts and estimated fair values of financial instruments not previously discussed in this note, as of June 30, 2021 and December 31, 2020, are as follows: Fair value measurements as of Carrying Level 1 Level 2 Level 3 Total Financial assets: Cash, due from banks, federal funds sold and interest-bearing deposits $ 447,218 $ 447,218 $ — $ — $ 447,218 Loans, net 1,856,277 — — 1,866,176 1,866,176 Accrued interest receivable 8,801 — 8,801 — 8,801 Nonmarketable equity securities 14,011 — 14,011 — 14,011 Financial liabilities: Deposits $ 2,533,026 $ 2,184,394 $ 349,698 $ — $ 2,534,092 Securities sold under repurchase agreements 15,336 — 15,336 — 15,336 Accrued interest payable 565 — 565 — 565 Federal Home Loan Bank advances 49,000 — 49,173 — 49,173 Subordinated debentures 19,810 — 18,745 — 18,745 Fair value measurements as of Carrying Level 1 Level 2 Level 3 Total Financial assets: Cash, due from banks, federal funds sold and interest-bearing deposits $ 351,792 $ 351,792 $ — $ — $ 351,792 Loans, net 1,831,737 — — 1,846,868 1,846,868 Accrued interest receivable 9,834 — 9,834 — 9,834 Nonmarketable equity securities 14,095 — 14,095 — 14,095 Financial liabilities: Deposits $ 2,286,390 $ 1,907,587 $ 380,570 $ — $ 2,288,157 Securities sold under repurchase agreements 15,631 — 15,631 — 15,631 Accrued interest payable 804 — 804 — 804 Federal Home Loan Bank advances 109,101 — 109,381 — 109,381 Subordinated debentures 19,810 — 17,406 — 17,406 The methods and assumptions, not previously presented, used to estimate fair values are described as follows: Cash and Cash Equivalents The carrying amounts of cash and short-term instruments approximate fair values (Level 1). Loans, net The fair value of fixed-rate loans and variable-rate loans that reprice on an infrequent basis is estimated by discounting future cash flows using the current interest rates at which similar loans with similar terms would be made to borrowers of similar credit quality (Level 3). Cash Surrender Value of Life Insurance The carrying amounts of bank-owned life insurance approximate their fair value (Level 2). Nonmarketable Equity Securities It is not practical to determine the fair value of Independent Bankers Financial Corporation, Federal Home Loan Bank, Federal Reserve Bank and other stock due to restrictions placed on its transferability. Deposits and Securities Sold Under Repurchase Agreements The fair values disclosed for demand deposits (e.g., interest and non-interest checking, passbook savings, and certain types of money market accounts) are, by definition, equal to the amount payable on demand at the reporting date (i.e., their carrying amount) (Level 1). The fair values of deposit liabilities with defined maturities are estimated by discounting future cash flows using interest rates currently offered for deposits of similar remaining maturities (Level 2). Other Borrowings The fair value of borrowings, consisting of lines of credit, Federal Home Loan Bank advances and Subordinated debentures is estimated by discounting future cash flows using currently available rates for similar financing (Level 2). Accrued Interest Receivable/Payable The carrying amounts of accrued interest approximate their fair values (Level 2). Off-balance Sheet Instruments Fair values for off-balance sheet, credit-related financial instruments are based on fees currently charged to enter into similar agreements, taking into account the remaining terms of the agreements and the counterparties’ credit standing. The fair value of commitments is not material.

EARNINGS PER SHARE

EARNINGS PER SHARE	6 Months Ended
	Jun. 30, 2021
Earnings Per Share [Abstract]
EARNINGS PER SHARE	NOTE 14 - EARNINGS PER SHARE Basic earnings per share is computed by dividing net earnings available to common shareholders by the weighted-average common shares outstanding for the period. Diluted earnings per share reflects the maximum potential dilution that could occur if securities or other contracts to issue common stock were exercised or converted into common stock and would then share in the net earnings of the Company. Dilutive share equivalents include stock-based awards issued to employees. Stock options granted by the Company are treated as potential shares in computing earnings per share. Diluted shares outstanding include the dilutive effect of in-the-money awards which is calculated based on the average share price for each fiscal period using the treasury stock method. Under the treasury stock method, the amount that the employee must pay for exercising stock options, the amount of compensation cost for future service that the Company has not yet recognized, and the amount of tax impact that would be recorded in additional paid-in capital when the award becomes deductible are assumed to be used to repurchase shares. The computations of basic and diluted earnings per share for the Company were as follows for the: Three Months Ended Six Months Ended 2021 2020 2021 2020 Numerator: Net earnings (basic) $ 10,432 $ 1,075 $ 21,394 $ 7,353 Net earnings (diluted) $ 10,432 $ 1,075 $ 21,394 $ 7,353 Denominator: Weighted-average shares outstanding (basic)* 12,056,550 12,128,516 12,047,643 12,352,074 Effect of dilutive securities: Common stock equivalent shares from stock options 195,037 — 168,311 — Weighted-average shares outstanding (diluted)* 12,251,587 12,128,516 12,215,954 12,352,074 Net earnings per share Basic $ 0.87 $ 0.09 $ 1.78 $ 0.59 Diluted $ 0.85 $ 0.09 $ 1.75 $ 0.59 * Periods prior to the stock dividend issued during the first quarter of 2021 have been adjusted to give effect to the 10% stock dividend.

SUMMARY OF SIGNIFICANT ACCOUN_2

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	6 Months Ended
	Jun. 30, 2021
Accounting Policies [Abstract]
Basis of Presentation	Basis of Presentation The consolidated financial statements in this report have not been audited by an independent registered public accounting firm, but in the opinion of management, reflect all adjustments necessary for a fair presentation of the Company’s financial position and results of operations. All such adjustments were of a normal and recurring nature. The consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States for interim financial information and with the instructions to Form 10-Q adopted by the Securities and Exchange Commission (“SEC”). Accordingly, the financial statements do not include all of the information and footnotes required by GAAP for complete financial statements and should be read in conjunction with the Company’s consolidated financial statements, and notes thereto, for the year ended December 31, 2020, included in Guaranty’s Annual Report on Form 10-K for the year ended December 31, 2020. Operating results for the interim periods disclosed herein are not necessarily indicative of the results that may be expected for a full year or any future period. All dollar amounts referenced and discussed in the notes to the consolidated financial statements in this report are presented in thousands, unless noted otherwise. The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the amounts reported in the financial statements and accompanying notes. These estimates and assumptions may also affect disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from these estimates.
Covid- 19	COVID-19 Government leaders and the Federal Reserve have taken several actions designed to mitigate the economic fallout resulting from the coronavirus. The Coronavirus Aid, Relief and Economic Security (“CARES”) Act, signed into law on March 27, 2020, authorized more than $2 trillion to battle COVID-19 and its economic effects, including immediate cash relief for individual citizens, loan programs for small businesses, support for hospitals and other medical providers, and various types of economic relief for impacted businesses and industries. The goal of CARES Act was to prevent severe economic downturn. The CARES Act also provided for temporary interest only or payment deferral modifications for loans without classifying them as troubled debt restructurings under current accounting rules. Additional government-backed hardship relief measures were signed into law in early 2021, as well as extension of many of the CARES Act provisions, with further measures currently being considered.
Recent Accounting Pronouncements	Recent Accounting Pronouncements In June 2016, the FASB issued ASU 2016-13, Financial Instruments - Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments The Company adopted January 1, 2020 The Company adopted ASC 326 using the modified retrospective method for all financial assets measured at amortized cost and off-balance-sheet (OBS) credit exposures. Results for reporting periods beginning after January 1, 2020 are presented under ASC 326. The Company recorded a decrease to retained earnings of $3,593, net of tax effects of $955, as of January 1, 2020 for the cumulative effect of adopting ASC 326.
Allowance for Credit Losses	Allowance for Credit Losses: Available for Sale Debt Securities For available-for-sale debt securities in an unrealized loss position, the Company first assesses whether or not it intends to sell, or it is more likely than not that it will be required to sell the security before recovery of its amortized cost basis. If either of the criteria regarding intent or requirement to sell is met, the securities amortized cost basis is written down to fair value through income. For available-for-sale debt securities that do not meet the aforementioned criteria, the Company evaluates whether the decline in fair value has resulted from credit losses or other factors. In making this assessment, management considers the extent to which fair value is less than amortized cost, any changes to the rating of the security by a rating agency, and adverse conditions specifically related to the security, among other factors. If this assessment indicates that a credit loss exists, the present value of the cash flows expected to be collected from the security are compared to the amortized cost basis of the security. If the present value of cash flows expected to be collected are less than the amortized cost basis, a credit loss exists and an allowance for credit losses is recorded for the credit loss, limited by the amount that the fair value is less than the amortized cost basis. Any impairment that has not been recorded through an allowance for credit losses is recognized in other comprehensive income. Changes in the allowance for credit losses are recorded as provisions for or reversal of credit loss expense. Losses are charged against the allowance when management believes an available-for-sale security is uncollectible or when either of the criteria regarding intent to sell or required to sell is met. Accrued interest receivable on available for sale debt securities is excluded from the estimate of credit losses. Loans The allowance for credit losses is a valuation account that is deducted from the loans’ amortized cost basis to present the net amount expected to be collected over the lifetime of the loans. Loans are charged off against the allowance when management believes the uncollectibility of a loan balance is confirmed. Recoveries do not exceed the aggregate of amounts previously charged-off and expected to be charged-off. Subsequent recoveries, if any, are credited to the allowance. Management estimates the allowance balance using relevant available information, from internal and external sources, relating to past events, current conditions, and reasonable and supportable forecasts. We use the weighted-average remaining maturity method (WARM method) as the basis for the estimation of expected credit losses. The WARM method uses a historical average annual charge-off rate. This average annual charge-off rate contains loss content over a historical lookback period and is used as a foundation for estimating the credit loss reserve for the remaining outstanding balances of loans in a segment at the balance sheet date. The average annual charge-off rate is applied to the contractual term, further adjusted for estimated prepayments, to determine the unadjusted historical charge-off rate. The calculation of the unadjusted historical charge-off rate is then adjusted for current conditions and for reasonable and supportable forecast periods. Adjustments to historical loss information are made for differences in current loan-specific risk characteristics such as differences in underwriting standards, portfolio mix, delinquency level, or term as well as for changes in environmental conditions, such as changes in unemployment rates, property values, or other relevant factors. These qualitative factors serve to compensate for additional areas of uncertainty inherent in the portfolio that are not reflected in our historic loss factors. The allowance for credit losses is measured on a collective (pool or segment) basis when similar risk characteristics exist. Our loan portfolio segments include both regulatory call report codes and by internally identified risk ratings for our commercial loan segments and by delinquency status for our consumer loan segments. We also have separately identified our mortgage warehouse loans, internally originated SBA loans, SBA loans acquired from Westbound Bank in 2018 and loans originated under the Paycheck Protection Program (“PPP”) for inherent risk analysis. Accrued interest receivable on loans is excluded from the estimate of credit losses. Below is a summary of the segments and certain of the inherent risks in the Company’s loan portfolio: Commercial and industrial: This portfolio segment includes general secured and unsecured commercial loans which are not secured by real estate or may be secured by real estate but made for the primary purpose of a short term revolving line of credit. Credit risk inherent in this portfolio segment include fluctuations in the local and national economy. Construction and development: This portfolio segment includes all loans for the purpose of construction, including both business and residential structures; and real estate development loans, including non-agricultural vacant land. Credit risk inherent in this portfolio include fluctuations in property values, unemployment, and changes in the local and national economy. Commercial real estate: The commercial real estate portfolio segment includes all commercial loans that are secured by real estate, other than those included in the construction and development, farmland, multi-family, and 1-4 family residential segments. Risks inherent in this portfolio segment include fluctuations in property values and changes in the local and national economy impacting the sale of the finished structures. Farmland: The farmland portfolio includes loans that are secured by real estate that is used or usable for agricultural purposes, including land used for crops, livestock production, grazing & pastureland and timberland. This segment includes land with a 1-4 family residential structure if the value of the land exceeds the value of the residence. Risks inherent in this portfolio segment include adverse changes in climate, fluctuations in feed and cattle prices and changes in property values. Consumer: This portfolio segment consists of non-real estate loans to consumers. This includes secured and unsecured loans such as auto and personal loans. The risks inherent in this portfolio segment include those factors that would impact the consumer’s ability to meet their obligations under the loan. These include increases in the local unemployment rate and fluctuations in consumer and business sales. 1-4 family residential: This portfolio segment includes loans to both commercial and consumer borrowers secured by real estate for housing units of up to four families. Risks inherent in this portfolio segment include increases in the local unemployment rate, changes in the local economy and factors that would impact the value of the underlying collateral, such as changes in property values. Multi-family residential: This portfolio segment includes loans secured by structures containing five or more residential housing units. Risks inherent in this portfolio segment include increases to the local unemployment rate, changes in the local economy, and factors that would impact property values. Agricultural: The agricultural portfolio segment includes loans to individuals and companies in the dairy and cattle industries and farmers. Loans in the segment are secured by collateral including cattle, crops and equipment. Risks inherent in this portfolio segment include adverse changes in climate and fluctuations in feed and cattle prices. The following groups of loans are considered to carry specific similar inherent risk characteristics, which the Bank considers separately during its calculation of the allowance for credit losses. These groups of loans are reported within the segments identified in the previous table. Mortgage Warehouse: The mortgage warehouse portfolio includes loans in which we purchase mortgage loan ownership interests from unaffiliated mortgage originators that are generally held by us for a period of less than 30-days, typically 5-10 days before they are sold to an approved investor. These loans are consistently underwritten based on standards established by the approved investor. Risks inherent in this portfolio include borrower or mortgage originator fraud. SBA – Acquired Loans The SBA – acquired loans segment consists of partially SBA guaranteed loans that were acquired from Westbound Bank in June 2018. These loans are commercial real estate and commercial and industrial in nature and were underwritten with guidelines that are less conservative than our Company. Risks inherent in this portfolio include increases in interest rates, as most are variable rate loans, generally lower levels of borrower equity, less conservative underwriting guidelines, fluctuations in real estate values and changes in the local and national economy. SBA – Originated Loans The SBA – originated loans segment consists of loans that are partially guaranteed by the SBA and were originated and underwritten by Guaranty Bank & Trust loan officers. Risks inherent in this portfolio include increases in interest rates due to variable rate structures, generally lower levels of borrower equity or net worth, fluctuations in real estate values and changes in the local and national economy. SBA – Paycheck Protection Loans originated under the PPP are 100% government guaranteed by the SBA. As a result, the loans are excluded from the segments above and a minimal reserve estimate was applied to this segment of loans for purposes of calculating the credit loss provision. In general, the loans in our portfolio have low historical credit losses. The credit quality of loans in our portfolio is impacted by delinquency status and debt service coverage generated by our borrowers’ businesses and fluctuations in the value of real estate collateral. Management considers delinquency status to be the most meaningful indicator of the credit quality of one-to-four single family residential, home equity loans and lines of credit and other consumer loans. In general, these types of loans do not begin to show signs of credit deterioration or default until they have been outstanding for some period of time, a process we refer to as “seasoning.” As a result, a portfolio of older loans will usually behave more predictably than a portfolio of newer loans. We consider the majority of our consumer type loans to be “seasoned” and that the credit quality and current level of delinquencies and defaults represents the level of reserve needed in the allowance for credit losses. If delinquencies and defaults were to increase, we may be required to increase our provision for credit losses, which would adversely affect our results of operations and financial condition. Delinquency statistics are updated at least monthly. Internal risk ratings are considered the most meaningful indicator of credit quality for new commercial and industrial, construction, and commercial real estate loans. Internal risk ratings are a key factor that impact management’s estimates of loss factors used in determining the amount of the allowance for credit losses. Internal risk ratings are updated on a continuous basis. Loans that do not share risk characteristics are evaluated on an individual basis. Loans evaluated individually are not also included in the collective evaluation. When management determines that foreclosure is probable, expected credit losses are based on the fair value of the collateral at the reporting date, adjusted for selling costs as appropriate. Credit Quality Indicators - The Company monitors the credit quality of the loans in the various segments by identifying and evaluating credit quality indicators specific to each segment class. This information is incorporated into management’s analysis of the adequacy of the allowance for credit losses. Information for the credit quality indicators is updated monthly or quarterly for classified assets and at least annually for the remainder of the portfolio. The following is a discussion of the primary credit quality indicators most closely monitored for the loan portfolio, by class: Commercial and industrial: In assessing risk associated with commercial loans, management considers the business’s cash flow and the value of the underlying collateral to be the primary credit quality indicators. Construction and development: In assessing the credit quality of construction loans, management considers the ability of the borrower to make principal and interest payments in the event that they are unable to sell the completed structure to be a primary credit quality indicator. For real estate development loans, management also considers the likelihood of the successful sale of the constructed properties in the development. Commercial real estate: Management considers the strength of the borrower’s cash flows, changes in property values and occupancy status to be key credit quality indicators of commercial real estate loans. Farmland: In assessing risk associated with farmland loans, management considers the borrower’s cash flows and underlying property values to be key credit quality indicators. Consumer: Management considers delinquency status to be the primary credit quality indictor of consumer loans. Others include the debt to income ratio of the borrower, the borrower’s credit history, the availability of other credit to the borrower, the borrower’s past-due history, and, if applicable, the value of the underlying collateral to be primary credit quality indicators. 1-4 family residential: Management considers delinquency status to be the primary credit quality indictor of 1-4 family residential loans. Others include changes in the local economy, changes in property values, and changes in local unemployment rates to be key credit quality indicators of the loans in the 1-4 family residential loan segment. Multi-family residential: Management considers changes in the local economy, changes in property values, vacancy rates and changes in local unemployment rates to be key credit quality indicators of the loans in the multifamily loan segment. Agricultural: In assessing risk associated with agricultural loans, management considers the borrower’s cash flows, the value of the underlying collateral and sources of secondary repayment to be primary credit quality indicators. From time to time, we modify our loan agreement with a borrower. A modified loan is considered a troubled debt restructuring when two conditions are met: (i) the borrower is experiencing financial difficulty and (ii) concessions are made by us that would not otherwise be considered for a borrower with similar credit risk characteristics. Modifications to loan terms may include a lower interest rate, a reduction of principal, or a longer term to maturity. We review each troubled debt restructured loan and determine on a case by case basis if the loan can be grouped with its like segment for allowance consideration or whether it should be individually evaluated for a specific allowance for credit loss allocation. If individually evaluated, an allowance for credit loss allocation is based on either the present value of estimated future cash flows or the estimated fair value of the underlying collateral. In response to the COVID-19 pandemic, the Bank provided financial relief to many of its customers through a 3-month principal and interest payment deferral program or an up to 6-month interest only program. Pursuant to the CARES Act and the April 7, 2020 Interagency guidance and GAAP, these loan modifications, and certain subsequent modifications, are not considered to be troubled debt restructurings. Reserve for Unfunded Commitments The Company estimates expected credit losses over the contractual period in which the Company is exposed to credit risk via a contractual obligation to extend credit, unless that obligation is unconditionally cancelable by the Company. The allowance for credit losses on off balance sheet credit exposures is adjusted as a provision for credit loss expense. The estimate includes consideration of the likelihood that funding will occur and an estimate of expected credit losses on commitments expected to be funded over its estimated life. Effect of Stock Splits and Stock Dividends on Prior Period Presentation

MARKETABLE SECURITIES (Tables)

MARKETABLE SECURITIES (Tables)	6 Months Ended
	Jun. 30, 2021
Investments Debt And Equity Securities [Abstract]
Schedule of Amortized Cost and Fair Value of Securities Available for Sale and Held to Maturity Securities	The following tables summarize the amortized cost and fair value of securities available for sale as of June 30, 2021 and as of December 31, 2020 and the corresponding amounts of gross unrealized gains and losses: June 30, 2021 Amortized Gross Gross Estimated Available for sale: U.S. government agencies $ 10,014 $ 134 $ — $ 10,148 Corporate bonds 39,153 1,356 78 40,431 Municipal securities 162,219 9,634 40 171,813 Mortgage-backed securities 155,970 2,140 794 157,316 Collateralized mortgage obligations 65,282 1,660 14 66,928 Total available for sale $ 432,638 $ 14,924 $ 926 $ 446,636 December 31, 2020 Amortized Gross Gross Estimated Available for sale: Corporate bonds $ 29,608 $ 1,382 $ 8 $ 30,982 Municipal securities 164,668 11,036 — 175,704 Mortgage-backed securities 104,210 3,041 87 107,164 Collateralized mortgage obligations 64,611 2,335 1 66,945 Total available for sale $ 363,097 $ 17,794 $ 96 $ 380,795
Schedule of Securities with Gross Unrealized Losses	Information pertaining to securities with gross unrealized losses as of June 30, 2021 and December 31, 2020, for which no allowance for credit losses has been recorded, aggregated by investment category and length of time that individual securities have been in a continuous unrealized loss position is detailed in the following tables: Less Than 12 Months 12 Months or Longer Total June 30, 2021 Gross Estimated Gross Estimated Gross Estimated Available for sale: Corporate bonds $ (78 ) $ 7,708 $ — $ — $ (78 ) $ 7,708 Municipal securities (40 ) 4,486 — — (40 ) 4,486 Mortgage-backed securities (794 ) 81,619 — — (794 ) 81,619 Collateralized mortgage obligations (14 ) 3,549 — — (14 ) 3,549 Total available for sale $ (926 ) $ 97,362 $ — $ — $ (926 ) $ 97,362 Less Than 12 Months 12 Months or Longer Total December 31, 2020 Gross Estimated Gross Estimated Gross Estimated Available for sale: Corporate bonds $ (8 ) $ 2,493 $ — $ — $ (8 ) $ 2,493 Mortgage-backed securities (87 ) 25,775 — — (87 ) 25,775 Collateralized mortgage obligations — — (1 ) 106 (1 ) 106 Total available for sale $ (95 ) $ 28,268 $ (1 ) $ 106 $ (96 ) $ 28,374
Investments Classified by Contractual Maturity Date	The contractual maturities at June 30, 2021 of available for sale securities at carrying value and estimated fair value are shown below. The Company invests in mortgage-backed securities and collateralized mortgage obligations that have expected maturities that differ from their contractual maturities. These differences arise because borrowers and/or issuers may have the right to call or prepay their obligation with or without call or prepayment penalties. Available for Sale June 30, 2021 Amortized Estimated Due within one year $ 2,817 $ 2,850 Due after one year through five years 54,849 57,225 Due after five years through ten years 78,842 82,309 Due after ten years 74,878 80,008 Mortgage-backed securities 155,970 157,316 Collateralized mortgage obligations 65,282 66,928 Total Securities $ 432,638 $ 446,636

LOANS AND ALLOWANCE FOR CREDI_2

LOANS AND ALLOWANCE FOR CREDIT LOSSES (Tables)	6 Months Ended
	Jun. 30, 2021
Receivables [Abstract]
Summary of Loan Portfolio by Type of Loan	The following table summarizes the Company’s loan portfolio by type of loan as of: June 30, 2021 December 31, 2020 Commercial and industrial $ 424,624 $ 445,771 Real estate: Construction and development 264,002 270,407 Commercial real estate 608,464 594,216 Farmland 94,525 78,508 1-4 family residential 389,616 389,096 Multi-family residential 42,086 21,701 Consumer 51,795 51,044 Agricultural 14,608 15,734 Overdrafts 444 342 Total loans (1) 1,890,164 1,866,819 Net of: Deferred loan fees, net (2,339 ) (1,463 ) Allowance for credit losses (31,548 ) (33,619 ) Total net loans (1) $ 1,856,277 $ 1,831,737 (1) Excludes accrued interest receivable on loans of $5.8 million and $7.0 million as of June 30, 2021 and December 31, 2020, respectively, which is presented separately on the consolidated balance sheets.
Schedule of Allowance for Credit Losses Activity	The Company’s estimate of the allowance for credit losses (“ACL”) reflects losses expected over the remaining contractual life of the assets. The contractual term does not consider extensions, renewals or modifications unless the Company has identified an expected troubled debt restructuring. The following tables present the activity in the ACL by class of loans for the six months ended June 30, 2021, for the year ended December 31, 2020 and for the six months ended June 30, 2020: For the Six Months Ended June 30, 2021 Commercial Construction Commercial Farmland 1-4 family Multi-family Consumer Agricultural Overdrafts Total Allowance for credit losses: Beginning balance $ 4,033 $ 4,735 $ 15,780 $ 1,220 $ 6,313 $ 363 $ 929 $ 239 $ 7 $ 33,619 Provision for credit losses (329 ) (914 ) 167 19 (162 ) 255 (34 ) (49 ) 47 (1,000 ) Loans charged-off (238 ) — (760 ) — — — (76 ) — (84 ) (1,158 ) Recoveries 11 1 11 — — — 28 — 36 87 Ending balance $ 3,477 $ 3,822 $ 15,198 $ 1,239 $ 6,151 $ 618 $ 847 $ 190 $ 6 $ 31,548 For the Year Ended December 31, 2020 Commercial Construction Commercial Farmland 1-4 family Multi-family Consumer Agricultural Overdrafts Total Allowance for loan losses: Beginning balance, prior to adoption of ASC 326 $ 2,056 $ 2,378 $ 6,853 $ 570 $ 3,125 $ 409 $ 602 $ 197 $ 12 $ 16,202 Impact of adopting ASC 326 546 323 2,228 26 1,339 (50 ) 72 73 (9 ) 4,548 Provision for loan losses 1,398 2,034 6,698 624 1,915 4 373 (33 ) 187 13,200 Loans charged-off (68 ) — — — (68 ) — (155 ) (18 ) (234 ) (543 ) Recoveries 101 — 1 — 2 — 37 20 51 212 Ending balance $ 4,033 $ 4,735 $ 15,780 $ 1,220 $ 6,313 $ 363 $ 929 $ 239 $ 7 $ 33,619 For the Six Months Ended June 30, 2020 Commercial Construction Commercial Farmland 1-4 family Multi-family Consumer Agricultural Overdrafts Unallocated Total Allowance for loan losses: Beginning balance $ 2,056 $ 2,378 $ 6,853 $ 570 $ 3,125 $ 409 $ 602 $ 197 $ 12 $ — $ 16,202 Impact of adopting ASC 326 546 323 2,228 26 1,339 (50 ) 72 73 (9 ) — 4,548 Provision for loan losses 1,491 2,193 6,567 654 1,729 245 364 114 60 83 13,500 Loans charged-off (43 ) — — — (59 ) — (80 ) (18 ) (83 ) — (283 ) Recoveries 86 — — — 2 — 17 20 27 — 152 Ending balance $ 4,136 $ 4,894 $ 15,648 $ 1,250 $ 6,136 $ 604 $ 975 $ 386 $ 7 $ 83 $ 34,119
Summary of Credit Exposure	The following table summarizes the credit exposure in the Company’s loan portfolio, by year of origination, as of June 30, 2021: June 30, 2021 2021 2020 2019 2018 2017 Prior Revolving Total Commercial and industrial: Pass $ 211,052 $ 67,442 $ 24,286 $ 10,741 $ 6,105 $ 20,334 $ 83,765 $ 423,725 Special mention 30 105 — — 27 — — 162 Substandard — 284 62 226 46 33 — 651 Nonaccrual — — 41 4 — 2 39 86 Total commercial and industrial loans $ 211,082 $ 67,831 $ 24,389 $ 10,971 $ 6,178 $ 20,369 $ 83,804 $ 424,624 Charge-offs $ — $ — $ (145 ) $ (67 ) $ (19 ) $ — $ (7 ) $ (238 ) Recoveries — — — — — 1 10 11 Current period net $ — $ — $ (145 ) $ (67 ) $ (19 ) $ 1 $ 3 $ (227 ) Construction and development: Pass $ 75,324 $ 95,313 $ 41,751 $ 8,414 $ 17,464 $ 16,080 $ 7,054 $ 261,400 Special mention — 793 — — 967 — — 1,760 Substandard — — 609 3 — — — 612 Nonaccrual — — 230 — — — — 230 Total construction and development loans $ 75,324 $ 96,106 $ 42,590 $ 8,417 $ 18,431 $ 16,080 $ 7,054 $ 264,002 Charge-offs $ — $ — $ — $ — $ — $ — $ — $ — Recoveries — — — — — 1 — 1 Current period net $ — $ — $ — $ — $ — $ 1 $ — $ 1 Commercial real estate: Pass $ 59,861 $ 99,816 $ 71,480 $ 65,798 $ 46,928 $ 186,791 $ 13,461 $ 544,135 Special mention 406 — 1,610 3,298 4,630 1,843 — 11,787 Substandard — 7,072 2,391 10,943 13,210 18,204 — 51,820 Nonaccrual — — — 162 202 358 — 722 Total commercial real estate loans $ 60,267 $ 106,888 $ 75,481 $ 80,201 $ 64,970 $ 207,196 $ 13,461 $ 608,464 Charge-offs $ — $ — $ (17 ) $ — $ (472 ) $ (271 ) $ — $ (760 ) Recoveries — — — — 11 — — 11 Current period net $ — $ — $ (17 ) $ — $ (461 ) $ (271 ) $ — $ (749 ) Farmland: Pass $ 28,867 $ 13,528 $ 9,286 $ 9,158 $ 5,494 $ 22,182 $ 5,750 $ 94,265 Special mention — — — — — 30 — 30 Substandard — — — — — 121 — 121 Nonaccrual — — — — — 109 — 109 Total farmland loans $ 28,867 $ 13,528 $ 9,286 $ 9,158 $ 5,494 $ 22,442 $ 5,750 $ 94,525 Charge-offs $ — $ — $ — $ — $ — $ — $ — $ — Recoveries — — — — — — — — Current period net $ — $ — $ — $ — $ — $ — $ — $ — June 30, 2021 2021 2020 2019 2018 2017 Prior Revolving Total 1-4 family residential: Pass $ 54,740 $ 76,540 $ 57,049 $ 43,069 $ 30,548 $ 114,346 $ 11,120 $ 387,412 Special mention — — — — 27 — — 27 Substandard — — — — — — — — Nonaccrual — — 227 310 230 1,410 — 2,177 Total 1-4 family residential loans $ 54,740 $ 76,540 $ 57,276 $ 43,379 $ 30,805 $ 115,756 $ 11,120 $ 389,616 Charge-offs $ — $ — $ — $ — $ — $ — $ — $ — Recoveries — — — — — — — — Current period net $ — $ — $ — $ — $ — $ — $ — $ — Multi-family residential: Pass $ 12,271 $ 4,828 $ 4,426 $ 15,480 $ 593 $ 3,601 $ 206 $ 41,405 Special mention — — — — — — — — Substandard — — — — 681 — — 681 Nonaccrual — — — — — — — — Total multi-family residential loans $ 12,271 $ 4,828 $ 4,426 $ 15,480 $ 1,274 $ 3,601 $ 206 $ 42,086 Charge-offs $ — $ — $ — $ — $ — $ — $ — $ — Recoveries — — — — — — — — Current period net $ — $ — $ — $ — $ — $ — $ — $ — Consumer and overdrafts: Pass $ 15,248 $ 16,834 $ 7,234 $ 6,807 $ 1,051 $ 804 $ 4,005 $ 51,983 Special mention — 8 2 — — — — 10 Substandard — — — — — — — — Nonaccrual — 44 84 106 12 — — 246 Total consumer loans and overdrafts $ 15,248 $ 16,886 $ 7,320 $ 6,913 $ 1,063 $ 804 $ 4,005 $ 52,239 Charge-offs $ (87 ) $ (18 ) $ (38 ) $ (16 ) $ (1 ) $ — $ — $ (160 ) Recoveries 36 3 — 8 2 15 — 64 Current period net $ (51 ) $ (15 ) $ (38 ) $ (8 ) $ 1 $ 15 $ — $ (96 ) Agricultural: Pass $ 1,535 $ 2,330 $ 1,232 $ 1,222 $ 333 $ 652 $ 7,153 $ 14,457 Special mention — — — — 27 — — 27 Substandard — — 5 33 46 17 — 101 Nonaccrual — — — 23 — — — 23 Total agricultural loans $ 1,535 $ 2,330 $ 1,237 $ 1,278 $ 406 $ 669 $ 7,153 $ 14,608 Charge-offs $ — $ — $ — $ — $ — $ — $ — $ — Recoveries — — — — — — — — Current period net $ — $ — $ — $ — $ — $ — $ — $ — Total loans: Pass $ 458,898 $ 376,631 $ 216,744 $ 160,689 $ 108,516 $ 364,790 $ 132,514 $ 1,818,782 Special mention 436 906 1,612 3,298 5,678 1,873 — 13,803 Substandard — 7,356 3,067 11,205 13,983 18,375 — 53,986 Nonaccrual — 44 582 605 444 1,879 39 3,593 Total loans $ 459,334 $ 384,937 $ 222,005 $ 175,797 $ 128,621 $ 386,917 $ 132,553 $ 1,890,164 Charge-offs $ (87 ) $ (18 ) $ (200 ) $ (83 ) $ (492 ) $ (271 ) $ (7 ) $ (1,158 ) Recoveries 36 3 — 8 13 17 10 87 Total current period net (charge-offs) recoveries $ (51 ) $ (15 ) $ (200 ) $ (75 ) $ (479 ) $ (254 ) $ 3 $ (1,071 ) The following table summarizes the credit exposure in the Company’s loan portfolio, by year of origination, as of December 31, 2020: December 31, 2020 2020 2019 2018 2017 2016 Prior Revolving Total Commercial and industrial: Pass $ 278,687 $ 30,563 $ 12,860 $ 4,366 $ 6,131 $ 16,294 $ 90,074 $ 438,975 Special mention 124 119 222 4,040 1,324 — — 5,829 Substandard — 307 540 50 43 — — 940 Nonaccrual — — 13 — 14 — — 27 Total commercial and industrial loans $ 278,811 $ 30,989 $ 13,635 $ 8,456 $ 7,512 $ 16,294 $ 90,074 $ 445,771 Charge-offs $ — $ — $ (43 ) $ — $ — $ — $ (25 ) $ (68 ) Recoveries — — 43 — — 14 44 101 Current period net $ — $ — $ — $ — $ — $ 14 $ 19 $ 33 Construction and development: Pass $ 118,590 $ 76,926 $ 26,212 $ 24,524 $ 7,742 $ 10,507 $ 3,266 $ 267,767 Special mention 356 — — 990 — — — 1,346 Substandard — 609 5 — 680 — — 1,294 Nonaccrual — — — — — — — — Total construction and development loans $ 118,946 $ 77,535 $ 26,217 $ 25,514 $ 8,422 $ 10,507 $ 3,266 $ 270,407 Charge-offs $ — $ — $ — $ — $ — $ — $ — $ — Recoveries — — — — — — — — Current period net $ — $ — $ — $ — $ — $ — $ — $ — Commercial real estate: Pass $ 91,819 $ 80,753 $ 89,542 $ 72,311 $ 86,946 $ 123,463 $ 5,890 $ 550,724 Special mention — 2,716 3,542 849 5,724 449 — 13,280 Substandard — — 2,010 4,913 4,445 8,240 — 19,608 Nonaccrual — 1,140 151 4,158 4,769 386 — 10,604 Total commercial real estate loans $ 91,819 $ 84,609 $ 95,245 $ 82,231 $ 101,884 $ 132,538 $ 5,890 $ 594,216 Charge-offs $ — $ — $ — $ — $ — $ — $ — $ — Recoveries — — — — — 1 — 1 Current period net $ — $ — $ — $ — $ — $ 1 $ — $ 1 Farmland: Pass $ 17,444 $ 12,668 $ 10,327 $ 6,620 $ 9,904 $ 15,402 $ 5,864 $ 78,229 Special mention — — — — — 35 — 35 Substandard — — — — — 129 — 129 Nonaccrual — — — — — 115 — 115 Total farmland loans $ 17,444 $ 12,668 $ 10,327 $ 6,620 $ 9,904 $ 15,681 $ 5,864 $ 78,508 Charge-offs $ — $ — $ — $ — $ — $ — $ — $ — Recoveries — — — — — — — — Current period net $ — $ — $ — $ — $ — $ — $ — $ — December 31, 2020 2020 2019 2018 2017 2016 Prior Revolving Total 1-4 family residential: Pass $ 87,578 $ 62,937 $ 52,087 $ 37,224 $ 43,858 $ 93,486 $ 10,091 $ 387,261 Special mention — — — — — 168 — 168 Substandard — — — — — — — — Nonaccrual — — 326 44 163 1,134 — 1,667 Total 1-4 family residential loans $ 87,578 $ 62,937 $ 52,413 $ 37,268 $ 44,021 $ 94,788 $ 10,091 $ 389,096 Charge-offs $ — $ — $ — $ — $ (9 ) $ (59 ) $ — $ (68 ) Recoveries — — — — — 2 — 2 Current period net $ — $ — $ — $ — $ (9 ) $ (57 ) $ — $ (66 ) Multi-family residential: Pass $ 5,889 $ 4,498 $ 3,617 $ 1,371 $ 1,737 $ 4,391 $ 198 $ 21,701 Special mention — — — — — — — — Substandard — — — — — — — — Nonaccrual — — — — — — — — Total multi-family residential loans $ 5,889 $ 4,498 $ 3,617 $ 1,371 $ 1,737 $ 4,391 $ 198 $ 21,701 Charge-offs $ — $ — $ — $ — $ — $ — $ — $ — Recoveries — — — — — — — — Current period net $ — $ — $ — $ — $ — $ — $ — $ — Consumer and overdrafts: Pass $ 24,740 $ 11,176 $ 9,369 $ 1,701 $ 735 $ 513 $ 2,825 $ 51,059 Special mention 16 83 9 7 — — — 115 Substandard — — — — — — — — Nonaccrual 24 36 131 20 1 — — 212 Total consumer loans and overdrafts $ 24,780 $ 11,295 $ 9,509 $ 1,728 $ 736 $ 513 $ 2,825 $ 51,386 Charge-offs $ (243 ) $ (63 ) $ (31 ) $ (43 ) $ (3 ) $ (6 ) $ — $ (389 ) Recoveries 49 2 12 8 4 13 — 88 Current period net $ (194 ) $ (61 ) $ (19 ) $ (35 ) $ 1 $ 7 $ — $ (301 ) Agricultural: Pass $ 3,489 $ 1,718 $ 1,893 $ 607 $ 273 $ 189 $ 7,408 $ 15,577 Special mention — — — 36 — — — 36 Substandard — 7 10 — 24 — — 41 Nonaccrual — — 33 — 45 2 — 80 Total agricultural loans $ 3,489 $ 1,725 $ 1,936 $ 643 $ 342 $ 191 $ 7,408 $ 15,734 Charge-offs $ — $ — $ (18 ) $ — $ — $ — $ — $ (18 ) Recoveries — — — — 20 — — 20 Current period net $ — $ — $ (18 ) $ — $ 20 $ — $ — $ 2 Total loans: Pass $ 628,236 $ 281,239 $ 205,907 $ 148,724 $ 157,326 $ 264,245 $ 125,616 $ 1,811,293 Special mention 496 2,918 3,773 5,922 7,048 652 — 20,809 Substandard — 923 2,565 4,963 5,192 8,369 — 22,012 Nonaccrual 24 1,176 654 4,222 4,992 1,637 — 12,705 Total loans $ 628,756 $ 286,256 $ 212,899 $ 163,831 $ 174,558 $ 274,903 $ 125,616 $ 1,866,819 Charge-offs $ (243 ) $ (63 ) $ (92 ) $ (43 ) $ (12 ) $ (65 ) $ (25 ) $ (543 ) Recoveries 49 2 55 8 24 30 44 212 Total current period net (charge-offs) recoveries $ (194 ) $ (61 ) $ (37 ) $ (35 ) $ 12 $ (35 ) $ 19 $ (331 )
Summary of Amortized Cost Basis of Collateral-dependent Loans	The following table presents the amortized cost basis of individually evaluated collateral-dependent loans by class of loans, and their impact on the ACL, as of June 30, 2021: Real Estate Non-RE Total Allowance for Commercial and industrial $ 123 $ — $ 123 $ 42 Real estate: Construction and development 609 — 609 210 Commercial real estate 4,602 — 4,602 948 Total $ 5,334 $ — $ 5,334 $ 1,200 The following table presents the amortized cost basis of individually evaluated collateral-dependent loans by class of loans, and their impact on the ACL, as of December 31, 2020: Real Estate Non-RE Total Allowance for Commercial and industrial $ 129 $ — $ 129 $ 44 Real estate: Construction and development 609 — 609 208 Commercial real estate 9,989 — 9,989 2,048 Total $ 10,727 $ — $ 10,727 $ 2,300
Summary of Payment Status of Loans	The following tables summarize the payment status of loans in the Company’s total loan portfolio, including an aging of delinquent loans and loans 90 days or more past due continuing to accrue interest as of: June 30, 2021 30 to 59 Days 60 to 89 Days 90 Days Total Current Total Recorded Commercial and industrial $ 45 $ 38 $ 59 $ 142 $ 424,482 $ 424,624 $ — Real estate: Construction and development 64 236 230 530 263,472 264,002 — Commercial real estate 40 278 206 524 607,940 608,464 — Farmland 95 — — 95 94,430 94,525 — 1-4 family residential 1,315 63 641 2,019 387,597 389,616 — Multi-family residential — — — — 42,086 42,086 — Consumer 178 18 85 281 51,514 51,795 — Agricultural 42 — — 42 14,566 14,608 — Overdrafts — — — — 444 444 — Total $ 1,779 $ 633 $ 1,221 $ 3,633 $ 1,886,531 $ 1,890,164 $ — December 31, 2020 30 to 59 Days 60 to 89 Days 90 Days Total Current Total Recorded Commercial and industrial $ 385 $ 25 $ 22 $ 432 $ 445,339 $ 445,771 $ — Real estate: Construction and development 256 — — 256 270,151 270,407 — Commercial real estate 1,094 — 10,105 11,199 583,017 594,216 — Farmland 117 3 — 120 78,388 78,508 — 1-4 family residential 2,097 556 127 2,780 386,316 389,096 — Multi-family residential — — — — 21,701 21,701 — Consumer 383 124 97 604 50,440 51,044 — Agricultural 50 46 45 141 15,593 15,734 — Overdrafts — — — — 342 342 — Total $ 4,382 $ 754 $ 10,396 $ 15,532 $ 1,851,287 $ 1,866,819 $ —
Summary of Troubled Debt Restructuring	The outstanding balances of TDRs are shown below: June 30, 2021 December 31, 2020 Nonaccrual TDRs $ 86 $ 90 Performing TDRs 9,535 9,626 Total $ 9,621 $ 9,716 Specific reserves on TDRs $ — $ — There was one loan modified as a TDR that occurred during the six months ended June 30, 2021. No TDRs have subsequently defaulted during 2021, and the TDRs described above have not increased the allowance for credit losses and have not resulted in any charge-offs during the six months ended June 30, 2021. The following table presents the loan by class, modified as a TDR that occurred during the six months ended June 30, 2021: Six Months Ended June 30, 2021 Number Pre-Modification Post-Modification Troubled Debt Restructurings: Commercial and industrial 1 $ 17 $ 17 Total 1 $ 17 $ 17 The following table presents loans by class, modified as TDRs that occurred during the year ended December 31, 2020: Year Ended December 31, 2020 Number Pre-Modification Post-Modification Troubled Debt Restructurings: Construction and development 2 $ 1,289 $ 1,081 Commercial and industrial 1 129 85 Commercial real estate 1 1,017 670 Total 4 $ 2,435 $ 1,836

SECURITIES SOLD UNDER AGREEME_2

SECURITIES SOLD UNDER AGREEMENTS TO REPURCHASE AND OTHER DEBT (Tables)	6 Months Ended
	Jun. 30, 2021
Debt Disclosure [Abstract]
Schedule of Debt Maturities	Fixed rate advances, with monthly interest payments, principal due in: Year Current Principal Due 2021 0.19 % $ 41,500 2022 1.99 % 1,500 2023 — — 2024 1.76 % 6,000 2025 — — $ 49,000

SUBORDINATED DEBENTURES (Tables

SUBORDINATED DEBENTURES (Tables)	6 Months Ended
	Jun. 30, 2021
Debt Disclosure [Abstract]
Schedule of Subordinated Debentures and Other Debentures	Subordinated debentures are made up of the following as of: June 30, 2021 December 31, 2020 Trust II Debentures $ 3,093 $ 3,093 Trust III Debentures 2,062 2,062 DCB Trust I Debentures 5,155 5,155 Other debentures 9,500 9,500 $ 19,810 $ 19,810 Trust II Debentures Trust III Debentures DCB Trust I Original amount $ 3,093 $ 2,062 $ 5,155 Maturity date October 30, 2032 October 1, 2036 June 15, 2037 Interest due Quarterly Quarterly Quarterly
Schedule of Trusts	Trust II Trust III DCB Trust I Formation date October 30, 2002 July 25, 2006 March 29, 2007 Capital trust pass-through securities Number of shares 3,000 2,000 5,000 Original liquidation value $ 3,000 $ 2,000 $ 5,000 Common securities liquidation value 93 62 155
Schedule of Principal Payments and Weighted Average Rates of Other Debentures	The scheduled principal payments and weighted average rates of other debentures are as follows: Year Current Principal Due 2022 2.45 % $ 2,000 2023 2.85 % 3,500 2024 3.74 % 4,000 $ 9,500

EQUITY AWARDS (Tables)

EQUITY AWARDS (Tables)	6 Months Ended
	Jun. 30, 2021
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]
Schedule of Stock Option Activity	A summary of stock option activity in the Plan during the six months ended June 30, 2021 and 2020 follows: Six Months Ended June 30, 2021 Number of Weighted- Weighted- Aggregate Outstanding at beginning of year 506,200 $ 26.81 5.82 $ 1,805 Effect of 10% stock dividend 50,770 Granted 24,500 33.37 9.61 22 Exercised (28,590 ) 22.28 3.38 337 Forfeited (19,020 ) 26.01 7.09 153 Balance, June 30, 2021 533,860 $ 24.84 5.58 $ 4,930 Exercisable at end of period 312,206 $ 23.58 4.49 $ 3,274 Six Months Ended June 30, 2020 Number of Weighted- Weighted- Aggregate Outstanding at beginning of year 508,000 $ 26.68 6.24 $ 3,159 Granted 35,000 27.64 9.72 41 Exercised (3,000 ) 24.00 2.29 6 Forfeited (28,200 ) 31.93 8.16 — Balance, June 30, 2020 511,800 $ 26.47 5.90 $ 607 Exercisable at end of period 284,620 $ 25.28 4.88 $ 438
Schedule of Nonvested Stock Option Activity	A summary of nonvested stock option activity in the Plan during the six months ended June 30, 2021 and 2020 follows: Six Months Ended June 30, 2021 Number of Weighted-Average Outstanding at beginning of year 214,680 $ 4.46 Effect of 10% stock dividend 23,218 Granted 24,500 5.67 Vested (31,724 ) (6.13 ) Forfeited (9,020 ) (8.06 ) Balance, June 30, 2021 221,654 $ 5.01 Six Months Ended June 30, 2020 Number of Weighted-Average Outstanding at beginning of year 251,120 $ 4.97 Granted 35,000 4.13 Vested (35,740 ) (6.43 ) Forfeited (23,200 ) (3.13 ) Balance, June 30, 2020 227,180 $ 5.55
Plan Information	Information related to stock options in the Plan is as follows for the six months ended: June 30, 2021 June 30, 2020 Intrinsic value of options exercised $ 337 $ 6 Cash received from options exercised $ 636 72 Weighted average fair value of options granted 5.67 4.13
Summary of Restricted Stock Awards and Units Activity	A summary of restricted stock activity in the Plan during the six months ended June 30, 2021 and 2020 follows: Six Months Ended June 30, 2021 Number of Weighted-Average Outstanding at beginning of year 35,300 $ 29.72 Effect of 10% stock dividend 3,530 — Granted — — Vested (4,840 ) 30.25 Forfeited — — Balance, June 30, 2021 33,990 $ 26.95 Six Months Ended June 30, 2020 Number of Weighted-Average Outstanding at beginning of year 31,459 $ 30.29 Granted — — Vested (10,100 ) 30.25 Forfeited — — Balance, June 30, 2020 21,359 $ 30.31

LEASES (Tables)

LEASES (Tables)	6 Months Ended
	Jun. 30, 2021
Leases [Abstract]
Schedule of Summarizes Other Information Related to Operating Leases	The table below summarizes other information related to our operating leases as of: June 30, 2021 December 31, 2020 Operating leases Operating lease right-of-use assets $ 15,179 $ 13,291 Operating lease liabilities 15,551 13,539 Weighted average remaining lease term Operating leases 9 years 9 years Weighted average discount rate Operating leases 1.96 % 2.19 %
Schedule of Minimum Future Lease Payments Under Non-Cancelable Operating Leases	The Company leases some of its banking facilities under non-cancelable operating leases expiring in various years through 2024 and thereafter. Minimum future lease payments under these non-cancelable operating leases in excess of one year as of June 30, 2021, are as follows: Year Ended December 31, Amount 2021 $ 1,107 2022 2,110 2023 2,049 2024 2,008 2025 1,868 Thereafter 7,440 Total lease payments 16,582 Less: interest (1,031 ) Present value of lease liabilities $ 15,551

INCOME TAXES (Tables)

INCOME TAXES (Tables)	6 Months Ended
	Jun. 30, 2021
Income Tax Disclosure [Abstract]
Schedule of Income Tax Expense and Effective Tax Rate	Income tax expense was as follows for: Three Months Ended Six Months Ended 2021 2020 2021 2020 Income tax expense for the period $ 2,312 $ (190 ) $ 4,648 $ 1,255 Effective tax rate 18.14 % -21.47 % 17.85 % 14.58 %

DERIVATIVE FINANCIAL INSTRUME_2

DERIVATIVE FINANCIAL INSTRUMENTS (Tables)	6 Months Ended
	Jun. 30, 2021
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Schedule of Information Pertaining to Outstanding Interest Rate Swap Agreements	The information pertaining to outstanding interest rate swap agreements used to hedge floating rate debentures and FHLB advances was as follows as of: June 30, 2021 Notional Pay Receive Effective Maturity Unrealized $ 2,000 5.979 % 3 month LIBOR plus 1.67% 10/1/2016 4.75 $ 324 $ 3,000 7.505 % 3 month LIBOR plus 3.35% 10/30/2012 1.33 $ 160 $ 15,000 0.668 % 3 month LIBOR 3/18/2020 1.72 $ 105 $ 15,000 0.790 % 3 month LIBOR 3/18/2020 3.72 $ 45 $ 10,000 0.530 % 3 month LIBOR 3/23/2020 1.73 $ 45 December 31, 2020 Notional Pay Receive Effective Maturity Unrealized $ 2,000 5.979 % 3 month LIBOR plus 1.67% 10/1/2016 5.25 $ 408 $ 3,000 7.505 % 3 month LIBOR plus 3.35% 10/30/2012 1.83 $ 221 $ 15,000 0.668 % 3 month LIBOR 3/18/2020 2.22 $ 159 $ 15,000 0.790 % 3 month LIBOR 3/18/2020 4.22 $ 288 $ 10,000 0.530 % 3 month LIBOR 3/23/2020 2.23 $ 75

COMMITMENTS AND CONTINGENCIES (

COMMITMENTS AND CONTINGENCIES (Tables)	6 Months Ended
	Jun. 30, 2021
Commitments and Contingencies Disclosure [Abstract]
Schedule of Commitments and Letters of Credit Outstanding	Commitments and letters of credit outstanding were as follows as of: Contract or Notional Amount June 30, 2021 December 31, 2020 Commitments to extend credit $ 358,725 $ 324,277 Letters of credit 8,511 8,488

REGULATORY MATTERS (Tables)

REGULATORY MATTERS (Tables)	6 Months Ended
	Jun. 30, 2021
Banking And Thrifts [Abstract]
Comparison of the Company's and Bank's Actual Capital Amounts and Ratios to Required Capital Amounts and Ratios	A comparison of the Company’s and Bank’s actual capital amounts and ratios to required capital amounts and ratios are presented in the following tables as of: Actual Minimum Required Minimum Required To Be Well Amount Ratio Amount Ratio Amount Ratio Amount Ratio June 30, 2021 Total capital to risk-weighted assets: Consolidated $ 280,300 14.52 % $ 154,445 8.00 % $ 202,709 10.50 % n/a Bank 289,779 15.01 % 154,442 8.00 % 202,705 10.50 % $ 193,052 10.00 % Tier 1 capital to risk-weighted assets: Consolidated 256,077 13.26 % 115,834 6.00 % 164,098 8.50 % n/a Bank 265,556 13.76 % 115,831 6.00 % 164,094 8.50 % 154,442 8.00 % Tier 1 capital to average assets: (1) Consolidated 256,077 8.86 % 115,560 4.00 % 115,560 4.00 % n/a Bank 265,556 9.19 % 115,560 4.00 % 115,560 4.00 % 144,450 5.00 % Common equity tier 1 capital to risk-weighted assets: Consolidated 245,767 12.73 % 86,875 4.50 % 135,139 7.00 % n/a Bank 265,556 13.76 % 86,874 4.50 % 135,137 7.00 % 125,484 6.50 % (1) The Tier 1 capital ratio (to average assets) is not impacted by the Basel III Capital Rules; however, the Federal Reserve and the FDIC may require the Consolidated Company and the Bank, respectively, to maintain a Tier 1 capital ratio (to average assets) above the required minimum. Actual Minimum Required Minimum Required To Be Well Amount Ratio Amount Ratio Amount Ratio Amount Ratio December 31, 2020 Total capital to risk-weighted assets: Consolidated $ 263,144 13.20 % $ 159,496 8.00 % $ 209,338 10.50 % n/a Bank 285,490 14.32 % 159,514 8.00 % 209,362 10.50 % $ 199,392 10.00 % Tier 1 capital to risk-weighted assets: Consolidated 238,115 11.94 % 119,622 6.00 % 169,464 8.50 % n/a Bank 260,459 13.06 % 119,635 6.00 % 169,483 8.50 % 159,514 8.00 % Tier 1 capital to average assets: (1) Consolidated 238,115 9.13 % 104,293 4.00 % 104,293 4.00 % n/a Bank 260,459 9.99 % 104,293 4.00 % 104,293 4.00 % 130,366 5.00 % Common equity tier 1 capital to risk-weighted assets: Consolidated 227,805 11.43 % 89,716 4.50 % 139,559 7.00 % n/a Bank 260,459 13.06 % 89,726 4.50 % 139,574 7.00 % 129,605 6.50 % (1) The Tier 1 capital ratio (to average assets) is not impacted by the Basel III Capital Rules; however, the Federal Reserve and the FDIC may require the Consolidated Company and the Bank, respectively, to maintain a Tier 1 capital ratio (to average assets) above the required minimum.

FAIR VALUE (Tables)

FAIR VALUE (Tables)	6 Months Ended
	Jun. 30, 2021
Fair Value Disclosures [Abstract]
Schedule of Financial Assets (Liabilities) Measured at Fair Value	The following tables summarize quantitative disclosures about the fair value measurements for each category of financial assets (liabilities) carried at fair value: As of June 30, 2021 Fair Quoted Significant Significant Assets (liabilities) at fair value on a recurring basis: Available for sale securities: Mortgage-backed securities $ 157,316 $ — $ 157,316 $ — Collateralized mortgage obligations 66,928 — 66,928 — Municipal securities 171,813 — 171,813 — Corporate bonds 40,431 — 40,431 — U.S. government agencies 10,148 — 10,148 — Loans held for sale 5,088 — — 5,088 Cash surrender value of life insurance 36,367 — 36,367 — SBA servicing assets 740 — — 740 Derivative instrument assets 484 — 484 — Derivative instrument liabilities (679 ) — (679 ) — Assets at fair value on a nonrecurring basis: Individually evaluated collateral dependent loans 4,134 — — 4,134 As of December 31, 2020 Fair Quoted Significant Significant Assets (liabilities) at fair value on a recurring basis: Available for sale securities: Mortgage-backed securities $ 107,164 $ — $ 107,164 $ — Collateralized mortgage obligations 66,945 — 66,945 — Municipal securities 175,704 — 175,704 — Corporate bonds 30,982 — 30,982 — Loans held for sale 5,542 — — 5,542 Cash surrender value of life insurance 35,510 — 35,510 — SBA servicing assets 763 — — 763 Derivative instrument assets 629 — 629 — Derivative instrument liabilities (1,151 ) — (1,151 ) — Assets at fair value on a nonrecurring basis: Individually evaluated collateral dependent loans 8,427 — — 8,427
Schedule of Foreclosed Assets Measured at Fair Value	The following table presents foreclosed assets that were remeasured and recorded at fair value as of: June 30, 2021 December 31, 2020 June 30, 2020 Other real estate owned remeasured at initial recognition: Carrying value of other real estate owned prior to remeasurement $ — $ 42 $ — Charge-offs recognized in the allowance for credit losses — (9 ) — Fair value of other real estate owned remeasured at initial recognition $ — $ 33 $ — Other real estate owned remeasured subsequent to initial recognition: Carrying value of other real estate owned prior to remeasurement $ — $ 62 $ 62 Write-downs included in collection and other real estate owned expense — (1 ) (1 ) Fair value of other real estate owned remeasured subsequent to initial recognition $ — $ 61 $ 61
Schedule of Quantitative Information About Nonrecurring Level 3 Fair Value Measurements	The following table presents quantitative information about nonrecurring Level 3 fair value measurements as of: June 30, 2021 Fair Value Valuation Unobservable Range Other real estate owned $ 227 Appraisal Selling costs 10%-20% (16%) December 31, 2020 Fair Value Valuation Unobservable Range Other real estate owned $ 404 Appraisal Selling costs 10%-20% (16%)
Schedule of Individually Evaluated Collateral Dependent Loans at Fair Value	The following table presents information on individually evaluated collateral dependent loans as of June 30, 2021: Fair Value Measurements Using Level 1 Level 2 Level 3 Total Fair Value Commercial and industrial $ — $ — $ 81 $ 81 Real estate: Construction and development — — 399 399 Commercial real estate — — 3,654 3,654 Total $ — $ — $ 4,134 $ 4,134
Schedule of Carrying Amounts And Estimated Fair Values of Financial Instruments	The carrying amounts and estimated fair values of financial instruments not previously discussed in this note, as of June 30, 2021 and December 31, 2020, are as follows: Fair value measurements as of Carrying Level 1 Level 2 Level 3 Total Financial assets: Cash, due from banks, federal funds sold and interest-bearing deposits $ 447,218 $ 447,218 $ — $ — $ 447,218 Loans, net 1,856,277 — — 1,866,176 1,866,176 Accrued interest receivable 8,801 — 8,801 — 8,801 Nonmarketable equity securities 14,011 — 14,011 — 14,011 Financial liabilities: Deposits $ 2,533,026 $ 2,184,394 $ 349,698 $ — $ 2,534,092 Securities sold under repurchase agreements 15,336 — 15,336 — 15,336 Accrued interest payable 565 — 565 — 565 Federal Home Loan Bank advances 49,000 — 49,173 — 49,173 Subordinated debentures 19,810 — 18,745 — 18,745 Fair value measurements as of Carrying Level 1 Level 2 Level 3 Total Financial assets: Cash, due from banks, federal funds sold and interest-bearing deposits $ 351,792 $ 351,792 $ — $ — $ 351,792 Loans, net 1,831,737 — — 1,846,868 1,846,868 Accrued interest receivable 9,834 — 9,834 — 9,834 Nonmarketable equity securities 14,095 — 14,095 — 14,095 Financial liabilities: Deposits $ 2,286,390 $ 1,907,587 $ 380,570 $ — $ 2,288,157 Securities sold under repurchase agreements 15,631 — 15,631 — 15,631 Accrued interest payable 804 — 804 — 804 Federal Home Loan Bank advances 109,101 — 109,381 — 109,381 Subordinated debentures 19,810 — 17,406 — 17,406

EARNINGS PER SHARE (Tables)

EARNINGS PER SHARE (Tables)	6 Months Ended
	Jun. 30, 2021
Earnings Per Share [Abstract]
Schedule of Basic and Diluted Earnings Per Share	The computations of basic and diluted earnings per share for the Company were as follows for the: Three Months Ended Six Months Ended 2021 2020 2021 2020 Numerator: Net earnings (basic) $ 10,432 $ 1,075 $ 21,394 $ 7,353 Net earnings (diluted) $ 10,432 $ 1,075 $ 21,394 $ 7,353 Denominator: Weighted-average shares outstanding (basic)* 12,056,550 12,128,516 12,047,643 12,352,074 Effect of dilutive securities: Common stock equivalent shares from stock options 195,037 — 168,311 — Weighted-average shares outstanding (diluted)* 12,251,587 12,128,516 12,215,954 12,352,074 Net earnings per share Basic $ 0.87 $ 0.09 $ 1.78 $ 0.59 Diluted $ 0.85 $ 0.09 $ 1.75 $ 0.59 * Periods prior to the stock dividend issued during the first quarter of 2021 have been adjusted to give effect to the 10% stock dividend.

SUMMARY OF SIGNIFICANT ACCOUN_3

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Narrative (Details)	Mar. 16, 2020	Jan. 01, 2020USD ($)	Jun. 30, 2021USD ($)FamilyResidentialhousesubsidary	Jun. 30, 2020USD ($)	Dec. 31, 2020USD ($)	Mar. 27, 2020USD ($)
Property, Plant and Equipment [Line Items]
Number of subsidiaries | subsidary			6
Decrease to retained earnings			$ 94,073,000		$ 113,449,000
Retained earnings, net of tax				$ 955,000
Number of families secured by loans of real estate | Family			4
Number of housing units secured by loans from segment | Residentialhouse			5
Paycheck Protection Program Loans
Property, Plant and Equipment [Line Items]
Percentage of government guaranteed loans			100.00%
Accounting Standards Update 2016-13
Property, Plant and Equipment [Line Items]
Increase to allowance for credit losses		$ 4,548,000
Increase to allowance for credit losses, percent		28.10%
Change in Accounting Principle, Accounting Standards Update, Adopted [true false]			true
Change in Accounting Principle, Accounting Standards Update, Adoption Date			Jan. 1, 2020
Accounting Standards Update 2016-13 | Cumulative Effect | Revision of Prior Period, Adjustment
Property, Plant and Equipment [Line Items]
Decrease to retained earnings			$ (3,593,000)
Retained earnings, net of tax			$ 955,000
COVID-19
Property, Plant and Equipment [Line Items]
Maximum authorized amount of coronavirus aid, relief and economic security						$ 2,000,000,000,000
Description of federal fund interest rate			Due to the COVID-19 pandemic, market interest rates declined significantly, with the 10-year Treasury bond falling below 1.00% on March 3, 2020 for the first time. On March 16, 2020, the Federal Open Market Committee reduced the target federal funds rate range to 0.00% to 0.25%, at which it remains as of June 30, 2021.
COVID-19 | Minimum
Property, Plant and Equipment [Line Items]
Federal open market committee reduced target federal funds interest rate.	0.00%
COVID-19 | Maximum
Property, Plant and Equipment [Line Items]
Federal open market committee reduced target federal funds interest rate.	0.25%

MARKETABLE SECURITIES - Schedul

MARKETABLE SECURITIES - Schedule of Amortized Cost and Fair Value of Securities Available for Sale and Held to Maturity Securities (Details) - USD ($) $ in Thousands	Jun. 30, 2021	Dec. 31, 2020
Available for sale:
Available-for-sale debt securities, amortized cost basis	$ 432,638	$ 363,097
Gross Unrealized Gain	14,924	17,794
Gross Unrealized Loss	926	96
Estimated Fair Value	446,636	380,795
U.S. government agencies
Available for sale:
Available-for-sale debt securities, amortized cost basis	10,014
Gross Unrealized Gain	134
Gross Unrealized Loss	0
Estimated Fair Value	10,148
Corporate bonds
Available for sale:
Available-for-sale debt securities, amortized cost basis	39,153	29,608
Gross Unrealized Gain	1,356	1,382
Gross Unrealized Loss	78	8
Estimated Fair Value	40,431	30,982
Mortgage-backed securities
Available for sale:
Available-for-sale debt securities, amortized cost basis	155,970	104,210
Gross Unrealized Gain	2,140	3,041
Gross Unrealized Loss	794	87
Estimated Fair Value	157,316	107,164
Collateralized mortgage obligations
Available for sale:
Available-for-sale debt securities, amortized cost basis	65,282	64,611
Gross Unrealized Gain	1,660	2,335
Gross Unrealized Loss	14	1
Estimated Fair Value	66,928	66,945
Municipal securities
Available for sale:
Available-for-sale debt securities, amortized cost basis	162,219	164,668
Gross Unrealized Gain	9,634	11,036
Gross Unrealized Loss	40	0
Estimated Fair Value	$ 171,813	$ 175,704

MARKETABLE SECURITIES - Narrati

MARKETABLE SECURITIES - Narrative (Details)	3 Months Ended		6 Months Ended
	Jun. 30, 2021USD ($)Positionsecurity	Jun. 30, 2020security	Jun. 30, 2021USD ($)securityPosition	Jun. 30, 2020security	Dec. 31, 2020USD ($)
Investments Debt And Equity Securities [Abstract]
Allowance for credit losses for available for sale debt securities | $	$ 0		$ 0		$ 0
Number of investment in an unrealized loss position | Position	25		25
Percentage of unrealized loss exceeds book value			20.00%
Number of securities other than agencies amount | security			0
Fair value of securities pledged as collateral | $	$ 299,031,000		$ 299,031,000		$ 314,962,000
Number of securities sold | security	0	0	0	0

MARKETABLE SECURITIES - Securit

MARKETABLE SECURITIES - Securities in Continuous Loss Position (Details) - USD ($) $ in Thousands	Jun. 30, 2021	Dec. 31, 2020
Gross Unrealized Losses
Less Than 12 Months	$ (926)	$ (95)
12 Months or Longer	0	(1)
Total	(926)	(96)
Estimated Fair Value
Less Than 12 Months	97,362	28,268
12 Months or Longer	0	106
Total	97,362	28,374
Corporate bonds
Gross Unrealized Losses
Less Than 12 Months	(78)	(8)
12 Months or Longer	0
Total	(78)	(8)
Estimated Fair Value
Less Than 12 Months	7,708	2,493
12 Months or Longer	0
Total	7,708	2,493
Mortgage-backed securities
Gross Unrealized Losses
Less Than 12 Months	(794)	(87)
12 Months or Longer	0
Total	(794)	(87)
Estimated Fair Value
Less Than 12 Months	81,619	25,775
12 Months or Longer	0
Total	81,619	25,775
Collateralized mortgage obligations
Gross Unrealized Losses
Less Than 12 Months	(14)
12 Months or Longer	0	(1)
Total	(14)	(1)
Estimated Fair Value
Less Than 12 Months	3,549
12 Months or Longer	0	106
Total	3,549	$ 106
Municipal securities
Gross Unrealized Losses
Less Than 12 Months	(40)
12 Months or Longer	0
Total	(40)
Estimated Fair Value
Less Than 12 Months	4,486
12 Months or Longer	0
Total	$ 4,486

MARKETABLE SECURITIES - Contrac

MARKETABLE SECURITIES - Contractual Maturities of Securities (Details) - USD ($) $ in Thousands	Jun. 30, 2021	Dec. 31, 2020
Amortized Cost
Due within one year	$ 2,817
Due after one year through five years	54,849
Due after five years through ten years	78,842
Due after ten years	74,878
Available-for-sale debt securities, amortized cost basis	432,638	$ 363,097
Estimated Fair Value
Due within one year	2,850
Due after one year through five years	57,225
Due after five years through ten years	82,309
Due after ten years	80,008
Available-for-sale debt securities, estimated fair value	446,636	380,795
Mortgage-backed securities
Amortized Cost
Available-for-sale debt securities, amortized cost basis	155,970
Available-for-sale debt securities, amortized cost basis	155,970	104,210
Estimated Fair Value
Available-for-sale debt securities, estimated fair value	157,316
Available-for-sale debt securities, estimated fair value	157,316	107,164
Collateralized mortgage obligations
Amortized Cost
Available-for-sale debt securities, amortized cost basis	65,282
Available-for-sale debt securities, amortized cost basis	65,282	64,611
Estimated Fair Value
Available-for-sale debt securities, estimated fair value	66,928
Available-for-sale debt securities, estimated fair value	$ 66,928	$ 66,945

LOANS AND ALLOWANCE FOR CREDI_3

LOANS AND ALLOWANCE FOR CREDIT LOSSES - Summary of Loan Portfolio by Type of Loan (Details) - USD ($) $ in Thousands	Jun. 30, 2021	Dec. 31, 2020	Jun. 30, 2020	Dec. 31, 2019
Loans held for investment:
Total loans	$ 1,890,164	$ 1,866,819
Deferred loan fees, net	(2,339)	(1,463)
Allowance for credit losses	(31,548)	(33,619)	$ (34,119)	$ (16,202)
Total net loans	1,856,277	1,831,737
Commercial and industrial
Loans held for investment:
Total loans	424,624	445,771
Allowance for credit losses	(3,477)	(4,033)	(4,136)	(2,056)
Construction and development
Loans held for investment:
Total loans	264,002	270,407
Allowance for credit losses	(3,822)	(4,735)	(4,894)	(2,378)
Commercial real estate
Loans held for investment:
Total loans	608,464	594,216
Allowance for credit losses	(15,198)	(15,780)	(15,648)	(6,853)
Farmland
Loans held for investment:
Total loans	94,525	78,508
Allowance for credit losses	(1,239)	(1,220)	(1,250)	(570)
1-4 family residential
Loans held for investment:
Total loans	389,616	389,096
Allowance for credit losses	(6,151)	(6,313)	(6,136)	(3,125)
Multi-family residential
Loans held for investment:
Total loans	42,086	21,701
Allowance for credit losses	(618)	(363)	(604)	(409)
Consumer
Loans held for investment:
Total loans	51,795	51,044
Allowance for credit losses	(847)	(929)	(975)	(602)
Agricultural
Loans held for investment:
Total loans	14,608	15,734
Allowance for credit losses	(190)	(239)	(386)	(197)
Overdrafts
Loans held for investment:
Total loans	444	342
Allowance for credit losses	$ (6)	$ (7)	$ (7)	$ (12)

LOANS AND ALLOWANCE FOR CREDI_4

LOANS AND ALLOWANCE FOR CREDIT LOSSES - Summary of Loan Portfolio by Type of Loan (Details) (Parenthetical) - USD ($) $ in Millions	Jun. 30, 2021	Dec. 31, 2020
Receivables [Abstract]
Accrued interest receivable on loans	$ 5.8	$ 7

LOANS AND ALLOWANCE FOR CREDI_5

LOANS AND ALLOWANCE FOR CREDIT LOSSES - Schedule of Allowance for Credit Losses Activity (Details) - USD ($) $ in Thousands	6 Months Ended		12 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Dec. 31, 2020
Allowance for credit losses:
Beginning balance	$ 33,619	$ 16,202	$ 16,202
Impact of adopting ASC 326		4,548	4,548
Provision for credit losses and Loans losses	(1,000)	13,500	13,200
Loans charged-off	(1,158)	(283)	(543)
Recoveries	87	152	212
Ending balance	31,548	34,119	33,619
Commercial and industrial
Allowance for credit losses:
Beginning balance	4,033	2,056	2,056
Impact of adopting ASC 326		546	546
Provision for credit losses and Loans losses	(329)	1,491	1,398
Loans charged-off	(238)	(43)	(68)
Recoveries	11	86	101
Ending balance	3,477	4,136	4,033
Construction and development
Allowance for credit losses:
Beginning balance	4,735	2,378	2,378
Impact of adopting ASC 326		323	323
Provision for credit losses and Loans losses	(914)	2,193	2,034
Recoveries	1
Ending balance	3,822	4,894	4,735
Commercial real estate
Allowance for credit losses:
Beginning balance	15,780	6,853	6,853
Impact of adopting ASC 326		2,228	2,228
Provision for credit losses and Loans losses	167	6,567	6,698
Loans charged-off	(760)
Recoveries	11		1
Ending balance	15,198	15,648	15,780
Farmland
Allowance for credit losses:
Beginning balance	1,220	570	570
Impact of adopting ASC 326		26	26
Provision for credit losses and Loans losses	19	654	624
Ending balance	1,239	1,250	1,220
1-4 family residential
Allowance for credit losses:
Beginning balance	6,313	3,125	3,125
Impact of adopting ASC 326		1,339	1,339
Provision for credit losses and Loans losses	(162)	1,729	1,915
Loans charged-off		(59)	(68)
Recoveries		2	2
Ending balance	6,151	6,136	6,313
Multi-family residential
Allowance for credit losses:
Beginning balance	363	409	409
Impact of adopting ASC 326		(50)	(50)
Provision for credit losses and Loans losses	255	245	4
Ending balance	618	604	363
Consumer
Allowance for credit losses:
Beginning balance	929	602	602
Impact of adopting ASC 326		72	72
Provision for credit losses and Loans losses	(34)	364	373
Loans charged-off	(76)	(80)	(155)
Recoveries	28	17	37
Ending balance	847	975	929
Agricultural
Allowance for credit losses:
Beginning balance	239	197	197
Impact of adopting ASC 326		73	73
Provision for credit losses and Loans losses	(49)	114	(33)
Loans charged-off		(18)	(18)
Recoveries		20	20
Ending balance	190	386	239
Overdrafts
Allowance for credit losses:
Beginning balance	7	12	12
Impact of adopting ASC 326		(9)	(9)
Provision for credit losses and Loans losses	47	60	187
Loans charged-off	(84)	(83)	(234)
Recoveries	36	27	51
Ending balance	$ 6	7	$ 7
Unallocated
Allowance for credit losses:
Provision for credit losses and Loans losses		83
Ending balance		$ 83

LOANS AND ALLOWANCE FOR CREDI_6

LOANS AND ALLOWANCE FOR CREDIT LOSSES - Narrative (Details)	3 Months Ended		6 Months Ended		12 Months Ended
	Jun. 30, 2021USD ($)	Jun. 30, 2020USD ($)	Jun. 30, 2021USD ($)contract	Jun. 30, 2020USD ($)contract	Dec. 31, 2020USD ($)contract
Financing Receivable Allowance For Credit Losses [Line Items]
Allowance for credit losses provision	$ (1,000,000)	$ 12,100,000	$ (1,000,000)	$ 13,500,000
Loan basis points			14.00%
Loans classified in doubtful or loss risk rating	0		$ 0
Number of loans modified as TDRs | contract			1	0	4
Increase in allowance for loan losses due to TDRs			$ 0		$ 0
Troubled debt restructuring charge-offs			$ 0		0
Provision for Other Credit Losses	$ 1,000,000
COVID-19
Financing Receivable Allowance For Credit Losses [Line Items]
Allowance for credit losses provision					$ 13,200,000

LOANS AND ALLOWANCE FOR CREDI_7

LOANS AND ALLOWANCE FOR CREDIT LOSSES - Summary of Credit Exposure in Company Loan Portfolio (Details) - USD ($) $ in Thousands	6 Months Ended	12 Months Ended
	Jun. 30, 2021	Dec. 31, 2020
Financing Receivable Recorded Investment [Line Items]
Credit Exposure 2021	$ 459,334	$ 628,756
Credit Exposure 2020	384,937	286,256
Credit Exposure 2019	222,005	212,899
Credit Exposure 2018	175,797	163,831
Credit Exposure 2017	128,621	174,558
Credit Exposure Prior	386,917	274,903
Revolving Loans Amortized Cost	132,553	125,616
Total	1,890,164	1,866,819
Credit Exposure 2021.Charge - offs	(87)	(243)
Credit Exposure 2020.Charge - offs	(18)	(63)
Credit Exposure 2019.Charge - offs	(200)	(92)
Credit Exposure 2018.Charge - offs	(83)	(43)
Credit Exposure 2017.Charge - offs	(492)	(12)
Credit Exposure Prior.Charge - offs	(271)	(65)
Credit Exposure Revolving Loans Amortized Cost.Charge - offs	(7)	(25)
Total	(1,158)	(543)
Credit Exposure 2021, Recoveries	36	49
Credit Exposure 2020, Recoveries	3	2
Credit Exposure 2019, Recoveries		55
Credit Exposure 2018, Recoveries	8	8
Credit Exposure 2017, Recoveries	13	24
Credit Exposure Prior, Recoveries	17	30
Credit Exposure Revolving Loans Amortized Cost, Recoveries	10	44
Total	87	212
Credit Exposure 2021,Current period net	(51)	(194)
Credit Exposure 2020,Current period net	(15)	(61)
Credit Exposure 2019,Current period net	(200)	(37)
Credit Exposure 2018,Current period net	(75)	(35)
Credit Exposure 2017,Current period net	(479)	12
Credit Exposure Prior,Current period net	(254)	(35)
Credit Exposure Revolving Loans Amortized Cost,Current period net	3	19
Total	(1,071)	(331)
Pass
Financing Receivable Recorded Investment [Line Items]
Credit Exposure 2021	458,898	628,236
Credit Exposure 2020	376,631	281,239
Credit Exposure 2019	216,744	205,907
Credit Exposure 2018	160,689	148,724
Credit Exposure 2017	108,516	157,326
Credit Exposure Prior	364,790	264,245
Revolving Loans Amortized Cost	132,514	125,616
Total	1,818,782	1,811,293
Special Mention
Financing Receivable Recorded Investment [Line Items]
Credit Exposure 2021	436	496
Credit Exposure 2020	906	2,918
Credit Exposure 2019	1,612	3,773
Credit Exposure 2018	3,298	5,922
Credit Exposure 2017	5,678	7,048
Credit Exposure Prior	1,873	652
Total	13,803	20,809
Substandard
Financing Receivable Recorded Investment [Line Items]
Credit Exposure 2020	7,356	923
Credit Exposure 2019	3,067	2,565
Credit Exposure 2018	11,205	4,963
Credit Exposure 2017	13,983	5,192
Credit Exposure Prior	18,375	8,369
Total	53,986	22,012
Nonaccrual
Financing Receivable Recorded Investment [Line Items]
Credit Exposure 2021		24
Credit Exposure 2020	44	1,176
Credit Exposure 2019	582	654
Credit Exposure 2018	605	4,222
Credit Exposure 2017	444	4,992
Credit Exposure Prior	1,879	1,637
Revolving Loans Amortized Cost	39
Total	3,593	12,705
Commercial and industrial
Financing Receivable Recorded Investment [Line Items]
Credit Exposure 2021	211,082	278,811
Credit Exposure 2020	67,831	30,989
Credit Exposure 2019	24,389	13,635
Credit Exposure 2018	10,971	8,456
Credit Exposure 2017	6,178	7,512
Credit Exposure Prior	20,369	16,294
Revolving Loans Amortized Cost	83,804	90,074
Total	424,624	445,771
Credit Exposure 2019.Charge - offs	(145)	(43)
Credit Exposure 2018.Charge - offs	(67)
Credit Exposure 2017.Charge - offs	(19)
Credit Exposure Revolving Loans Amortized Cost.Charge - offs	(7)	(25)
Total	(238)	(68)
Credit Exposure 2019, Recoveries		43
Credit Exposure Prior, Recoveries	1	14
Credit Exposure Revolving Loans Amortized Cost, Recoveries	10	44
Total	11	101
Credit Exposure 2019,Current period net	(145)
Credit Exposure 2018,Current period net	(67)
Credit Exposure 2017,Current period net	(19)
Credit Exposure Prior,Current period net	1	14
Credit Exposure Revolving Loans Amortized Cost,Current period net	3	19
Total	(227)	33
Commercial and industrial | Pass
Financing Receivable Recorded Investment [Line Items]
Credit Exposure 2021	211,052	278,687
Credit Exposure 2020	67,442	30,563
Credit Exposure 2019	24,286	12,860
Credit Exposure 2018	10,741	4,366
Credit Exposure 2017	6,105	6,131
Credit Exposure Prior	20,334	16,294
Revolving Loans Amortized Cost	83,765	90,074
Total	423,725	438,975
Commercial and industrial | Special Mention
Financing Receivable Recorded Investment [Line Items]
Credit Exposure 2021	30	124
Credit Exposure 2020	105	119
Credit Exposure 2019		222
Credit Exposure 2018		4,040
Credit Exposure 2017	27	1,324
Total	162	5,829
Commercial and industrial | Substandard
Financing Receivable Recorded Investment [Line Items]
Credit Exposure 2020	284	307
Credit Exposure 2019	62	540
Credit Exposure 2018	226	50
Credit Exposure 2017	46	43
Credit Exposure Prior	33
Total	651	940
Commercial and industrial | Nonaccrual
Financing Receivable Recorded Investment [Line Items]
Credit Exposure 2019	41	13
Credit Exposure 2018	4
Credit Exposure 2017		14
Credit Exposure Prior	2
Revolving Loans Amortized Cost	39
Total	86	27
Construction and development
Financing Receivable Recorded Investment [Line Items]
Credit Exposure 2021	75,324	118,946
Credit Exposure 2020	96,106	77,535
Credit Exposure 2019	42,590	26,217
Credit Exposure 2018	8,417	25,514
Credit Exposure 2017	18,431	8,422
Credit Exposure Prior	16,080	10,507
Revolving Loans Amortized Cost	7,054	3,266
Total	264,002	270,407
Credit Exposure Prior, Recoveries	1
Total	1
Credit Exposure Prior,Current period net	1
Total	1
Construction and development | Pass
Financing Receivable Recorded Investment [Line Items]
Credit Exposure 2021	75,324	118,590
Credit Exposure 2020	95,313	76,926
Credit Exposure 2019	41,751	26,212
Credit Exposure 2018	8,414	24,524
Credit Exposure 2017	17,464	7,742
Credit Exposure Prior	16,080	10,507
Revolving Loans Amortized Cost	7,054	3,266
Total	261,400	267,767
Construction and development | Special Mention
Financing Receivable Recorded Investment [Line Items]
Credit Exposure 2021		356
Credit Exposure 2020	793
Credit Exposure 2018		990
Credit Exposure 2017	967
Total	1,760	1,346
Construction and development | Substandard
Financing Receivable Recorded Investment [Line Items]
Credit Exposure 2020		609
Credit Exposure 2019	609	5
Credit Exposure 2018	3
Credit Exposure 2017		680
Total	612	1,294
Construction and development | Nonaccrual
Financing Receivable Recorded Investment [Line Items]
Credit Exposure 2019	230
Total	230
Commercial real estate
Financing Receivable Recorded Investment [Line Items]
Credit Exposure 2021	60,267	91,819
Credit Exposure 2020	106,888	84,609
Credit Exposure 2019	75,481	95,245
Credit Exposure 2018	80,201	82,231
Credit Exposure 2017	64,970	101,884
Credit Exposure Prior	207,196	132,538
Revolving Loans Amortized Cost	13,461	5,890
Total	608,464	594,216
Commercial real estate | Pass
Financing Receivable Recorded Investment [Line Items]
Credit Exposure 2021	59,861	91,819
Credit Exposure 2020	99,816	80,753
Credit Exposure 2019	71,480	89,542
Credit Exposure 2018	65,798	72,311
Credit Exposure 2017	46,928	86,946
Credit Exposure Prior	186,791	123,463
Revolving Loans Amortized Cost	13,461	5,890
Total	544,135	550,724
Commercial real estate | Special Mention
Financing Receivable Recorded Investment [Line Items]
Credit Exposure 2021	406
Credit Exposure 2020		2,716
Credit Exposure 2019	1,610	3,542
Credit Exposure 2018	3,298	849
Credit Exposure 2017	4,630	5,724
Credit Exposure Prior	1,843	449
Total	11,787	13,280
Commercial real estate | Substandard
Financing Receivable Recorded Investment [Line Items]
Credit Exposure 2020	7,072
Credit Exposure 2019	2,391	2,010
Credit Exposure 2018	10,943	4,913
Credit Exposure 2017	13,210	4,445
Credit Exposure Prior	18,204	8,240
Total	51,820	19,608
Commercial real estate | Nonaccrual
Financing Receivable Recorded Investment [Line Items]
Credit Exposure 2020		1,140
Credit Exposure 2019		151
Credit Exposure 2018	162	4,158
Credit Exposure 2017	202	4,769
Credit Exposure Prior	358	386
Total	722	10,604
Farmland
Financing Receivable Recorded Investment [Line Items]
Credit Exposure 2021	28,867	17,444
Credit Exposure 2020	13,528	12,668
Credit Exposure 2019	9,286	10,327
Credit Exposure 2018	9,158	6,620
Credit Exposure 2017	5,494	9,904
Credit Exposure Prior	22,442	15,681
Revolving Loans Amortized Cost	5,750	5,864
Total	94,525	78,508
Credit Exposure 2019.Charge - offs	(17)
Credit Exposure 2017.Charge - offs	(472)
Credit Exposure Prior.Charge - offs	(271)
Total	(760)
Credit Exposure 2017, Recoveries	11
Total	11
Credit Exposure 2019,Current period net	(17)
Credit Exposure 2017,Current period net	(461)
Credit Exposure Prior,Current period net	(271)
Total	(749)
Farmland | Pass
Financing Receivable Recorded Investment [Line Items]
Credit Exposure 2021	28,867	17,444
Credit Exposure 2020	13,528	12,668
Credit Exposure 2019	9,286	10,327
Credit Exposure 2018	9,158	6,620
Credit Exposure 2017	5,494	9,904
Credit Exposure Prior	22,182	15,402
Revolving Loans Amortized Cost	5,750	5,864
Total	94,265	78,229
Farmland | Special Mention
Financing Receivable Recorded Investment [Line Items]
Credit Exposure Prior	30	35
Total	30	35
Farmland | Substandard
Financing Receivable Recorded Investment [Line Items]
Credit Exposure Prior	121	129
Total	121	129
Farmland | Nonaccrual
Financing Receivable Recorded Investment [Line Items]
Credit Exposure Prior	109	115
Total	109	115
1-4 family residential
Financing Receivable Recorded Investment [Line Items]
Credit Exposure 2021	54,740	87,578
Credit Exposure 2020	76,540	62,937
Credit Exposure 2019	57,276	52,413
Credit Exposure 2018	43,379	37,268
Credit Exposure 2017	30,805	44,021
Credit Exposure Prior	115,756	94,788
Revolving Loans Amortized Cost	11,120	10,091
Total	389,616	389,096
Credit Exposure 2017.Charge - offs		(9)
Credit Exposure Prior.Charge - offs		(59)
Total		(68)
Credit Exposure Prior, Recoveries		2
Total		2
Credit Exposure 2017,Current period net		(9)
Credit Exposure Prior,Current period net		(57)
Total		(66)
1-4 family residential | Pass
Financing Receivable Recorded Investment [Line Items]
Credit Exposure 2021	54,740	87,578
Credit Exposure 2020	76,540	62,937
Credit Exposure 2019	57,049	52,087
Credit Exposure 2018	43,069	37,224
Credit Exposure 2017	30,548	43,858
Credit Exposure Prior	114,346	93,486
Revolving Loans Amortized Cost	11,120	10,091
Total	387,412	387,261
1-4 family residential | Special Mention
Financing Receivable Recorded Investment [Line Items]
Credit Exposure 2017	27
Credit Exposure Prior		168
Total	27	168
1-4 family residential | Nonaccrual
Financing Receivable Recorded Investment [Line Items]
Credit Exposure 2019	227	326
Credit Exposure 2018	310	44
Credit Exposure 2017	230	163
Credit Exposure Prior	1,410	1,134
Total	2,177	1,667
Multi-family residential
Financing Receivable Recorded Investment [Line Items]
Credit Exposure 2021	12,271	5,889
Credit Exposure 2020	4,828	4,498
Credit Exposure 2019	4,426	3,617
Credit Exposure 2018	15,480	1,371
Credit Exposure 2017	1,274	1,737
Credit Exposure Prior	3,601	4,391
Revolving Loans Amortized Cost	206	198
Total	42,086	21,701
Multi-family residential | Pass
Financing Receivable Recorded Investment [Line Items]
Credit Exposure 2021	12,271	5,889
Credit Exposure 2020	4,828	4,498
Credit Exposure 2019	4,426	3,617
Credit Exposure 2018	15,480	1,371
Credit Exposure 2017	593	1,737
Credit Exposure Prior	3,601	4,391
Revolving Loans Amortized Cost	206	198
Total	41,405	21,701
Multi-family residential | Substandard
Financing Receivable Recorded Investment [Line Items]
Credit Exposure 2017	681
Total	681
Consumer and Overdrafts
Financing Receivable Recorded Investment [Line Items]
Credit Exposure 2021	15,248	24,780
Credit Exposure 2020	16,886	11,295
Credit Exposure 2019	7,320	9,509
Credit Exposure 2018	6,913	1,728
Credit Exposure 2017	1,063	736
Credit Exposure Prior	804	513
Revolving Loans Amortized Cost	4,005	2,825
Total	52,239	51,386
Credit Exposure 2021.Charge - offs	(87)	(243)
Credit Exposure 2020.Charge - offs	(18)	(63)
Credit Exposure 2019.Charge - offs	(38)	(31)
Credit Exposure 2018.Charge - offs	(16)	(43)
Credit Exposure 2017.Charge - offs	(1)	(3)
Credit Exposure Prior.Charge - offs		(6)
Total	(160)	(389)
Credit Exposure 2021, Recoveries	36	49
Credit Exposure 2020, Recoveries	3	2
Credit Exposure 2019, Recoveries		12
Credit Exposure 2018, Recoveries	8	8
Credit Exposure 2017, Recoveries	2	4
Credit Exposure Prior, Recoveries	15	13
Total	64	88
Credit Exposure 2021,Current period net	(51)	(194)
Credit Exposure 2020,Current period net	(15)	(61)
Credit Exposure 2019,Current period net	(38)	(19)
Credit Exposure 2018,Current period net	(8)	(35)
Credit Exposure 2017,Current period net	1	1
Credit Exposure Prior,Current period net	15	7
Total	(96)	(301)
Consumer and Overdrafts | Pass
Financing Receivable Recorded Investment [Line Items]
Credit Exposure 2021	15,248	24,740
Credit Exposure 2020	16,834	11,176
Credit Exposure 2019	7,234	9,369
Credit Exposure 2018	6,807	1,701
Credit Exposure 2017	1,051	735
Credit Exposure Prior	804	513
Revolving Loans Amortized Cost	4,005	2,825
Total	51,983	51,059
Consumer and Overdrafts | Special Mention
Financing Receivable Recorded Investment [Line Items]
Credit Exposure 2021		16
Credit Exposure 2020	8	83
Credit Exposure 2019	2	9
Credit Exposure 2018		7
Total	10	115
Consumer and Overdrafts | Nonaccrual
Financing Receivable Recorded Investment [Line Items]
Credit Exposure 2021		24
Credit Exposure 2020	44	36
Credit Exposure 2019	84	131
Credit Exposure 2018	106	20
Credit Exposure 2017	12	1
Total	246	212
Agricultural
Financing Receivable Recorded Investment [Line Items]
Credit Exposure 2021	1,535	3,489
Credit Exposure 2020	2,330	1,725
Credit Exposure 2019	1,237	1,936
Credit Exposure 2018	1,278	643
Credit Exposure 2017	406	342
Credit Exposure Prior	669	191
Revolving Loans Amortized Cost	7,153	7,408
Total	14,608	15,734
Credit Exposure 2019.Charge - offs		(18)
Total		(18)
Credit Exposure 2017, Recoveries		20
Total		20
Credit Exposure 2019,Current period net		(18)
Credit Exposure 2017,Current period net		20
Total		2
Agricultural | Pass
Financing Receivable Recorded Investment [Line Items]
Credit Exposure 2021	1,535	3,489
Credit Exposure 2020	2,330	1,718
Credit Exposure 2019	1,232	1,893
Credit Exposure 2018	1,222	607
Credit Exposure 2017	333	273
Credit Exposure Prior	652	189
Revolving Loans Amortized Cost	7,153	7,408
Total	14,457	15,577
Agricultural | Special Mention
Financing Receivable Recorded Investment [Line Items]
Credit Exposure 2018		36
Credit Exposure 2017	27
Total	27	36
Agricultural | Substandard
Financing Receivable Recorded Investment [Line Items]
Credit Exposure 2020		7
Credit Exposure 2019	5	10
Credit Exposure 2018	33
Credit Exposure 2017	46	24
Credit Exposure Prior	17
Total	101	41
Agricultural | Nonaccrual
Financing Receivable Recorded Investment [Line Items]
Credit Exposure 2019		33
Credit Exposure 2018	23
Credit Exposure 2017		45
Credit Exposure Prior		2
Total	$ 23	$ 80

LOANS AND ALLOWANCE FOR CREDI_8

LOANS AND ALLOWANCE FOR CREDIT LOSSES - Summary of Amortized Cost Basis of Collateral-dependent Loans (Details) - Collateral Dependent Loans - USD ($) $ in Thousands	Jun. 30, 2021	Dec. 31, 2020
Financing Receivable Allowance For Credit Losses [Line Items]
Amortized cost	$ 5,334	$ 10,727
Allowance for Credit Losses Allocation	1,200	2,300
Real Estate
Financing Receivable Allowance For Credit Losses [Line Items]
Amortized cost	5,334	10,727
Commercial and industrial
Financing Receivable Allowance For Credit Losses [Line Items]
Amortized cost	123	129
Allowance for Credit Losses Allocation	42	44
Commercial and industrial | Real Estate
Financing Receivable Allowance For Credit Losses [Line Items]
Amortized cost	123	129
Construction and development
Financing Receivable Allowance For Credit Losses [Line Items]
Amortized cost	609	609
Allowance for Credit Losses Allocation	210	208
Construction and development | Real Estate
Financing Receivable Allowance For Credit Losses [Line Items]
Amortized cost	609	609
Commercial real estate
Financing Receivable Allowance For Credit Losses [Line Items]
Amortized cost	4,602	9,989
Allowance for Credit Losses Allocation	948	2,048
Commercial real estate | Real Estate
Financing Receivable Allowance For Credit Losses [Line Items]
Amortized cost	$ 4,602	$ 9,989

LOANS AND ALLOWANCE FOR CREDI_9

LOANS AND ALLOWANCE FOR CREDIT LOSSES - Summary of Payment Status of Loans (Details) - USD ($) $ in Thousands	Jun. 30, 2021	Dec. 31, 2020
Financing Receivable Recorded Investment Past Due [Line Items]
Total past due loans	$ 3,633	$ 15,532
Current	1,886,531	1,851,287
Total Loans	1,890,164	1,866,819
Financing Receivables, 30 to 59 Days Past Due
Financing Receivable Recorded Investment Past Due [Line Items]
Total past due loans	1,779	4,382
Financing Receivables, 60 to 89 Days Past Due
Financing Receivable Recorded Investment Past Due [Line Items]
Total past due loans	633	754
Financing Receivables, Equal to Greater than 90 Days Past Due
Financing Receivable Recorded Investment Past Due [Line Items]
Total past due loans	1,221	10,396
Commercial and industrial
Financing Receivable Recorded Investment Past Due [Line Items]
Total past due loans	142	432
Current	424,482	445,339
Total Loans	424,624	445,771
Commercial and industrial | Financing Receivables, 30 to 59 Days Past Due
Financing Receivable Recorded Investment Past Due [Line Items]
Total past due loans	45	385
Commercial and industrial | Financing Receivables, 60 to 89 Days Past Due
Financing Receivable Recorded Investment Past Due [Line Items]
Total past due loans	38	25
Commercial and industrial | Financing Receivables, Equal to Greater than 90 Days Past Due
Financing Receivable Recorded Investment Past Due [Line Items]
Total past due loans	59	22
Construction and development
Financing Receivable Recorded Investment Past Due [Line Items]
Total past due loans	530	256
Current	263,472	270,151
Total Loans	264,002	270,407
Construction and development | Financing Receivables, 30 to 59 Days Past Due
Financing Receivable Recorded Investment Past Due [Line Items]
Total past due loans	64	256
Construction and development | Financing Receivables, 60 to 89 Days Past Due
Financing Receivable Recorded Investment Past Due [Line Items]
Total past due loans	236
Construction and development | Financing Receivables, Equal to Greater than 90 Days Past Due
Financing Receivable Recorded Investment Past Due [Line Items]
Total past due loans	230
Commercial real estate
Financing Receivable Recorded Investment Past Due [Line Items]
Total past due loans	524	11,199
Current	607,940	583,017
Total Loans	608,464	594,216
Commercial real estate | Financing Receivables, 30 to 59 Days Past Due
Financing Receivable Recorded Investment Past Due [Line Items]
Total past due loans	40	1,094
Commercial real estate | Financing Receivables, 60 to 89 Days Past Due
Financing Receivable Recorded Investment Past Due [Line Items]
Total past due loans	278
Commercial real estate | Financing Receivables, Equal to Greater than 90 Days Past Due
Financing Receivable Recorded Investment Past Due [Line Items]
Total past due loans	206	10,105
Farmland
Financing Receivable Recorded Investment Past Due [Line Items]
Total past due loans	95	120
Current	94,430	78,388
Total Loans	94,525	78,508
Farmland | Financing Receivables, 30 to 59 Days Past Due
Financing Receivable Recorded Investment Past Due [Line Items]
Total past due loans	95	117
Farmland | Financing Receivables, 60 to 89 Days Past Due
Financing Receivable Recorded Investment Past Due [Line Items]
Total past due loans		3
1-4 family residential
Financing Receivable Recorded Investment Past Due [Line Items]
Total past due loans	2,019	2,780
Current	387,597	386,316
Total Loans	389,616	389,096
1-4 family residential | Financing Receivables, 30 to 59 Days Past Due
Financing Receivable Recorded Investment Past Due [Line Items]
Total past due loans	1,315	2,097
1-4 family residential | Financing Receivables, 60 to 89 Days Past Due
Financing Receivable Recorded Investment Past Due [Line Items]
Total past due loans	63	556
1-4 family residential | Financing Receivables, Equal to Greater than 90 Days Past Due
Financing Receivable Recorded Investment Past Due [Line Items]
Total past due loans	641	127
Multi-family residential
Financing Receivable Recorded Investment Past Due [Line Items]
Current	42,086	21,701
Total Loans	42,086	21,701
Consumer
Financing Receivable Recorded Investment Past Due [Line Items]
Total past due loans	281	604
Current	51,514	50,440
Total Loans	51,795	51,044
Consumer | Financing Receivables, 30 to 59 Days Past Due
Financing Receivable Recorded Investment Past Due [Line Items]
Total past due loans	178	383
Consumer | Financing Receivables, 60 to 89 Days Past Due
Financing Receivable Recorded Investment Past Due [Line Items]
Total past due loans	18	124
Consumer | Financing Receivables, Equal to Greater than 90 Days Past Due
Financing Receivable Recorded Investment Past Due [Line Items]
Total past due loans	85	97
Agricultural
Financing Receivable Recorded Investment Past Due [Line Items]
Total past due loans	42	141
Current	14,566	15,593
Total Loans	14,608	15,734
Agricultural | Financing Receivables, 30 to 59 Days Past Due
Financing Receivable Recorded Investment Past Due [Line Items]
Total past due loans	42	50
Agricultural | Financing Receivables, 60 to 89 Days Past Due
Financing Receivable Recorded Investment Past Due [Line Items]
Total past due loans		46
Agricultural | Financing Receivables, Equal to Greater than 90 Days Past Due
Financing Receivable Recorded Investment Past Due [Line Items]
Total past due loans		45
Overdrafts
Financing Receivable Recorded Investment Past Due [Line Items]
Current	444	342
Total Loans	$ 444	$ 342

LOANS AND ALLOWANCE FOR CRED_10

LOANS AND ALLOWANCE FOR CREDIT LOSSES - Summary of Troubled Debt Restructuring (Details) $ in Thousands	6 Months Ended		12 Months Ended
	Jun. 30, 2021USD ($)contract	Jun. 30, 2020contract	Dec. 31, 2020USD ($)contract
Financing Receivable, Modifications [Line Items]
Total	$ 9,621		$ 9,716
Troubled Debt Restructurings:
Number of Contracts | contract	1	0	4
Pre-Modification Outstanding Recorded Investment	$ 17		$ 2,435
Post-Modification Outstanding Recorded Investment	$ 17		$ 1,836
Commercial and industrial
Troubled Debt Restructurings:
Number of Contracts | contract	1		1
Pre-Modification Outstanding Recorded Investment	$ 17		$ 129
Post-Modification Outstanding Recorded Investment	17		$ 85
Construction and development
Troubled Debt Restructurings:
Number of Contracts | contract			2
Pre-Modification Outstanding Recorded Investment			$ 1,289
Post-Modification Outstanding Recorded Investment			$ 1,081
Commercial real estate
Troubled Debt Restructurings:
Number of Contracts | contract			1
Pre-Modification Outstanding Recorded Investment			$ 1,017
Post-Modification Outstanding Recorded Investment			670
Nonaccrual TDRs
Financing Receivable, Modifications [Line Items]
Total	86		90
Performing TDRs
Financing Receivable, Modifications [Line Items]
Total	$ 9,535		$ 9,626

SECURITIES SOLD UNDER AGREEME_3

SECURITIES SOLD UNDER AGREEMENTS TO REPURCHASE AND OTHER DEBT - Narrative (Details) - USD ($)	6 Months Ended
	Jun. 30, 2021	Dec. 31, 2020
Line of Credit Facility [Line Items]
Securities sold under agreements to repurchase	$ 15,336,000	$ 15,631,000
Long-term line of credit	0	$ 12,000,000
Revolving Credit Facility
Line of Credit Facility [Line Items]
Line of credit facility, current borrowing capacity	25,000,000
Long-term line of credit	$ 0
Floor | Revolving Credit Facility
Line of Credit Facility [Line Items]
Spread on variable rate	3.50%
Prime Rate | Revolving Credit Facility
Line of Credit Facility [Line Items]
Spread on variable rate	3.25%

SECURITIES SOLD UNDER AGREEME_4

SECURITIES SOLD UNDER AGREEMENTS TO REPURCHASE AND OTHER DEBT - Summary of Fixed-Rate Advances (Details) - USD ($) $ in Thousands	Jun. 30, 2021	Dec. 31, 2020
Federal Home Loan Bank, Advances, Fiscal Year Maturity [Abstract]
Federal Home Loan Bank advances	$ 49,000	$ 109,101
Fixed-rate Advances, With Monthly Interest Payments
Federal Home Loan Bank, Advances, Maturities Summary, Average Interest Rate of Amounts Due [Abstract]
2021 (percent)	0.19%
2022 (percent)	1.99%
2024 (percent)	1.76%
Federal Home Loan Bank, Advances, Fiscal Year Maturity [Abstract]
2021	$ 41,500
2022	1,500
2024	6,000
Federal Home Loan Bank advances	$ 49,000

SUBORDINATED DEBENTURES - Sched

SUBORDINATED DEBENTURES - Schedule of Subordinated Debentures (Details) - USD ($) $ in Thousands	Jun. 30, 2021	Dec. 31, 2020
Debt Instrument [Line Items]
Subordinated debentures	$ 19,810	$ 19,810
Trust II Debentures
Debt Instrument [Line Items]
Subordinated debentures	3,093	3,093
Trust III Debentures
Debt Instrument [Line Items]
Subordinated debentures	2,062	2,062
DCB Trust I Debentures
Debt Instrument [Line Items]
Subordinated debentures	5,155	5,155
Other debentures
Debt Instrument [Line Items]
Subordinated debentures	$ 9,500	$ 9,500

SUBORDINATED DEBENTURES - Narra

SUBORDINATED DEBENTURES - Narrative (Details) - USD ($) $ / shares in Units, $ in Thousands	Nov. 30, 2020	May 31, 2020	Jun. 30, 2021
Debt Instrument [Line Items]
Liquidation value per share			$ 1,000
Debentures mature date			30 years
Long-term Debt			$ 9,500
Subordinated debentures | Trust II Debentures
Debt Instrument [Line Items]
Debenture issued			$ 3,093
Subordinated debentures | Trust II Debentures | Minimum
Debt Instrument [Line Items]
Notice period required for redemption of debentures			30 days
Subordinated debentures | Trust II Debentures | Maximum
Debt Instrument [Line Items]
Notice period required for redemption of debentures			60 days
Redemption price of debentures as a percentage of principal			100.00%
Subordinated debentures | Trust II Debentures | 3 Month LIBOR
Debt Instrument [Line Items]
Spread on variable rate			3.35%
Subordinated debentures | Trust III Debentures
Debt Instrument [Line Items]
Debenture issued			$ 2,062
Subordinated debentures | Trust III Debentures | Minimum
Debt Instrument [Line Items]
Notice period required for redemption of debentures			30 days
Subordinated debentures | Trust III Debentures | Maximum
Debt Instrument [Line Items]
Notice period required for redemption of debentures			60 days
Redemption price of debentures as a percentage of principal			100.00%
Subordinated debentures | Trust III Debentures | 3 Month LIBOR
Debt Instrument [Line Items]
Spread on variable rate			1.67%
Subordinated debentures | DCB Trust I Debentures
Debt Instrument [Line Items]
Debenture issued			$ 5,155
Subordinated debentures | DCB Trust I Debentures | Minimum
Debt Instrument [Line Items]
Notice period required for redemption of debentures			30 days
Subordinated debentures | DCB Trust I Debentures | Maximum
Debt Instrument [Line Items]
Notice period required for redemption of debentures			60 days
Redemption price of debentures as a percentage of principal			100.00%
Subordinated debentures | DCB Trust I Debentures | 3 Month LIBOR
Debt Instrument [Line Items]
Spread on variable rate			1.80%
Subordinated debentures | Other Debentures Issued in December 2015
Debt Instrument [Line Items]
Notice period required for redemption of debentures		30 days
Redemption price of debentures as a percentage of principal		100.00%
Debenture issued, par value per instrument issued		$ 500
Debt instrument maturity start date		Nov. 1, 2020
Debt instrument maturity end date		Nov. 1, 2024
Debentures that matured and were paid off	$ 500
Long-term Debt			$ 9,500
Subordinated debentures | Other Debentures Issued in December 2015 | Directors and Related Parties
Debt Instrument [Line Items]
Debenture issued		$ 10,000
Subordinated debentures | Other Debentures Issued in December 2015 | Minimum
Debt Instrument [Line Items]
Stated interest rate		1.00%
Subordinated debentures | Other Debentures Issued in December 2015 | Maximum
Debt Instrument [Line Items]
Stated interest rate		4.00%

SUBORDINATED DEBENTURES - Sch_2

SUBORDINATED DEBENTURES - Schedule of Trusts (Details) $ in Thousands	Jun. 30, 2021USD ($)shares
Trust II
Financial Instruments Subject to Mandatory Redemption by Settlement Terms [Line Items]
Common securities liquidation value	$ 93
Trust III
Financial Instruments Subject to Mandatory Redemption by Settlement Terms [Line Items]
Common securities liquidation value	62
DCB Trust I
Financial Instruments Subject to Mandatory Redemption by Settlement Terms [Line Items]
Common securities liquidation value	$ 155
Capital trust pass-through securities | Trust II
Financial Instruments Subject to Mandatory Redemption by Settlement Terms [Line Items]
Number of shares (in shares) | shares	3,000
Original liquidation value	$ 3,000
Capital trust pass-through securities | Trust III
Financial Instruments Subject to Mandatory Redemption by Settlement Terms [Line Items]
Number of shares (in shares) | shares	2,000
Original liquidation value	$ 2,000
Capital trust pass-through securities | DCB Trust I
Financial Instruments Subject to Mandatory Redemption by Settlement Terms [Line Items]
Number of shares (in shares) | shares	5,000
Original liquidation value	$ 5,000

SUBORDINATED DEBENTURES - Sch_3

SUBORDINATED DEBENTURES - Schedule of Terms of Subordinated Debentures (Details) - Subordinated debentures $ in Thousands	6 Months Ended
	Jun. 30, 2021USD ($)
Trust II Debentures
Debt Instrument [Line Items]
Original amount	$ 3,093
Maturity date	Oct. 30, 2032
Interest due	Quarterly
Trust III Debentures
Debt Instrument [Line Items]
Original amount	$ 2,062
Maturity date	Oct. 1, 2036
Interest due	Quarterly
DCB Trust I Debentures
Debt Instrument [Line Items]
Original amount	$ 5,155
Maturity date	Jun. 15, 2037
Interest due	Quarterly

SUBORDINATED DEBENTURES - Sch_4

SUBORDINATED DEBENTURES - Schedule of Principal Payments and Weighted Average Rates of Other Debentures (Details) $ in Thousands	6 Months Ended
	Jun. 30, 2021USD ($)
Long Term Debt By Maturity [Abstract]
Current Weighted Average Rate, 2022	2.45%
Current Weighted Average Rate, 2023	2.85%
Current Weighted Average Rate, 2024	3.74%
Principal Due, 2022	$ 2,000
Principal Due, 2023	3,500
Principal Due, 2024	4,000
Principal payments	$ 9,500

EQUITY AWARDS - Narrative (Deta

EQUITY AWARDS - Narrative (Details) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Unrecognized compensation expense	$ 1,772
Unrecognized compensation expense, period for recognition	3 years 2 months 1 day
Restricted Stock | Minimum | Employees
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period	5 years
2015 Equity Incentive Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of shares permitted for grant (in shares)	1,100,000
Grace period for vested options, forfeitures in period	90 days
2015 Equity Incentive Plan | Option
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Contractual term	10 years
Share-based compensation expense	$ 329	$ 329
2015 Equity Incentive Plan | Option | Minimum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period	5 years
2015 Equity Incentive Plan | Option | Maximum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period	10 years

EQUITY AWARDS - Schedule of Sto

EQUITY AWARDS - Schedule of Stock Option Activity (Details) - USD ($) $ / shares in Units, $ in Thousands	6 Months Ended		12 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Dec. 31, 2020	Dec. 31, 2019
Number of Shares
Outstanding at beginning of year (in shares)	506,200	508,000	508,000
Effect of 10% stock dividend (in shares)	50,770
Granted (in shares)	24,500	35,000
Exercised (in shares)	(28,590)	(3,000)
Forfeited (in shares)	(19,020)	(28,200)
Balance (in shares)	533,860	511,800	506,200	508,000
Exercisable
Outstanding (in shares)	312,206	284,620
Weighted-average exercise price (in USD per share)	$ 23.58	$ 25.28
Weighted-average remaining contractual life in years	4 years 5 months 26 days	4 years 10 months 17 days
Aggregate intrinsic value	$ 3,274	$ 438
Weighted-Average Exercise Price
Outstanding at beginning of year (in USD per share)	$ 26.81	$ 26.68	$ 26.68
Granted (in USD per share)	33.37	27.64
Exercised (in USD per share)	22.28	24
Forfeited (in USD per share)	26.01	31.93
Balance (in USD per share)	$ 24.84	$ 26.47	$ 26.81	$ 26.68
Weighted-Average Remaining Contractual Life in Years
Outstanding	5 years 6 months 29 days	5 years 10 months 24 days	5 years 9 months 25 days	6 years 2 months 26 days
Granted	9 years 7 months 9 days	9 years 8 months 19 days
Exercised	3 years 4 months 17 days	2 years 3 months 14 days
Forfeited	7 years 1 month 2 days	8 years 1 month 28 days
Aggregate Intrinsic Value
Outstanding	$ 1,805	$ 3,159	$ 3,159
Granted	22	41
Exercised	337	6
Forfeited	153
Outstanding	$ 4,930	$ 607	$ 1,805	$ 3,159

EQUITY AWARDS - Schedule of S_2

EQUITY AWARDS - Schedule of Stock Option Activity (Parenthetical) (Details)	6 Months Ended
	Jun. 30, 2021
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]
Stock dividend percentage	10.00%

EQUITY AWARDS - Schedule of Non

EQUITY AWARDS - Schedule of Nonvested Stock Option Activity (Details) - $ / shares	6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020
Number of Shares
Outstanding at beginning of year (in shares)	214,680	251,120
Effect of 10% stock dividend (in shares)	23,218
Granted (in shares)	24,500	35,000
Vested (in shares)	(31,724)	(35,740)
Forfeited (in shares)	(9,020)	(23,200)
Balance (in shares)	221,654	227,180
Weighted-Average Exercise Price
Outstanding at beginning of year (in USD per share)	$ 4.46	$ 4.97
Granted (in USD per share)	5.67	4.13
Vested (in USD per share)	(6.13)	(6.43)
Forfeited (in USD per share)	(8.06)	(3.13)
Balance (in USD per share)	$ 5.01	$ 5.55

EQUITY AWARDS - Schedule of N_2

EQUITY AWARDS - Schedule of Nonvested Stock Option Activity (Parenthetical) (Details)	6 Months Ended
	Jun. 30, 2021
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]
Stock dividend percentage	10.00%

EQUITY AWARDS - Information Rel

EQUITY AWARDS - Information Related to Stock Options Plan (Details) - USD ($) $ / shares in Units, $ in Thousands	6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]
Intrinsic value of options exercised	$ 337	$ 6
Cash received from options exercised	$ 636	$ 72
Weighted average fair value of options granted (in USD per share)	$ 5.67	$ 4.13

EQUITY AWARDS - Summary of Rest

EQUITY AWARDS - Summary of Restricted Stock Awards and Units Activity (Details) - Restricted Stock Awards And Units [Member] - $ / shares	6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020
Number of Shares
Outstanding at beginning of year (in shares)	35,300	31,459
Effect of 10% stock dividend (in shares)	3,530
Granted (in shares)	0	0
Vested (in shares)	(4,840)	(10,100)
Forfeited (in shares)	0	0
Balance (in shares)	33,990	21,359
Weighted-Average Grant Date Fair Value
Outstanding at beginning of year	$ 29.72	$ 30.29
Granted	0	0
Vested	30.25	30.25
Forfeited	0	0
Balance	$ 26.95	$ 30.31

EQUITY AWARDS - Summary of Re_2

EQUITY AWARDS - Summary of Restricted Stock Awards and Units Activity (Parenthetical) (Details)	6 Months Ended
	Jun. 30, 2021
Restricted Stock Units (RSUs)
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock dividend percentage	10.00%

EMPLOYEE BENEFITS - Narrative (

EMPLOYEE BENEFITS - Narrative (Details) - USD ($) $ in Thousands	6 Months Ended		12 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Dec. 31, 2020
Defined Benefit Plan Disclosure [Line Items]
Employee stock ownership plan, maximum employer contribution as a percentage of participant's qualified compensation	5.00%
Employee stock ownership plan, total contributions accrued or paid	$ 737	$ 692
Employee stock ownership plan, shares held under plan (in shares)	1,304,471
Employee stock ownership plan, unallocated shares (in shares)	0
Cash surrender value of life insurance	$ 36,367		$ 35,510
Bonus expense	2,153	728
Executive Incentive Retirement Plan | Postretirement Life Insurance | Nonqualified Plan | Unfunded Plan
Defined Benefit Plan Disclosure [Line Items]
Cash surrender value of life insurance	36,367		35,510
Plan cost	471	$ 400	592
Plan obligation	$ 4,781		$ 4,383

LEASES - Additional Information

LEASES - Additional Information (Details) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Dec. 31, 2020
Operating leases, option to extend	10 years
Operating lease right-of-use assets	$ 15,179		$ 13,291
Operating lease right-of-use liabilities	15,551		$ 13,539
Occupancy Expenses
Operating leases, rental expense	$ 1,146	$ 921
Minimum
Operating leases, remaining lease term	1 year
Maximum
Operating leases, remaining lease term	14 years

LEASES - Schedule of Summarizes

LEASES - Schedule of Summarizes Other Information Related to Operating Leases (Details) - USD ($) $ in Thousands	Jun. 30, 2021	Dec. 31, 2020
Operating leases
Operating lease right-of-use assets	$ 15,179	$ 13,291
Operating lease liabilities	$ 15,551	$ 13,539
Weighted average remaining lease term
Operating leases	9 years	9 years
Weighted average discount rate
Operating leases	1.96%	2.19%

LEASES - Schedule of Minimum Fu

LEASES - Schedule of Minimum Future Lease Payments Under Non-Cancelable Operating Leases (Details) - USD ($) $ in Thousands	Jun. 30, 2021	Dec. 31, 2020
Leases [Abstract]
2021	$ 1,107
2022	2,110
2023	2,049
2024	2,008
2025	1,868
Thereafter	7,440
Total lease payments	16,582
Less: interest	(1,031)
Present value of lease liabilities	$ 15,551	$ 13,539

INCOME TAXES - Schedule of Inco

INCOME TAXES - Schedule of Income Tax Expense and Effective Tax Rate (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
Income Tax Disclosure [Abstract]
Income tax expense for the period	$ 2,312	$ (190)	$ 4,648	$ 1,255
Effective tax rate	18.14%	(21.47%)	17.85%	14.58%

INCOME TAXES - Narrative (Detai

INCOME TAXES - Narrative (Details)	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
Income Tax Disclosure [Abstract]
Federal statutory tax rate	21.00%	21.00%	21.00%	21.00%

DERIVATIVE FINANCIAL INSTRUME_3

DERIVATIVE FINANCIAL INSTRUMENTS - Narrative (Details) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020	Dec. 31, 2020
Derivative [Line Items]
Interest expense	$ 1,807,000	$ 3,399,000	$ 3,829,000	$ 8,082,000
Unrealized loss to be reclassified as a reduction of interest expense			0
Designated as Hedging Instrument | Cash Flow Hedging | Interest Rate Swap
Derivative [Line Items]
Notional amount	5,000,000		5,000,000		$ 5,000,000
Interest expense			320,000	$ 276,000
Designated as Hedging Instrument | Cash Flow Hedging | Interest Rate Swap | FHLB Advances
Derivative [Line Items]
Notional amount	$ 40,000,000		$ 40,000,000

DERIVATIVE FINANCIAL INSTRUME_4

DERIVATIVE FINANCIAL INSTRUMENTS - Schedule of Information Pertaining to Outstanding Interest Rate Swap Agreements (Details) - Designated as Hedging Instrument - Cash Flow Hedging - USD ($)	6 Months Ended	12 Months Ended
	Jun. 30, 2021	Dec. 31, 2020
Interest Rate Swap, 3 month LIBOR plus 1.67%
Derivative [Line Items]
Notional Amount	$ 2,000,000	$ 2,000,000
Pay Rate	5.979%	5.979%
Effective Date	Oct. 1, 2016	Oct. 1, 2016
Maturity in Years	4 years 9 months	5 years 3 months
Unrealized Losses	$ 324,000	$ 408,000
Interest Rate Swap, 3 month LIBOR plus 1.67% | LIBOR
Derivative [Line Items]
Receive Rate	1.67%	1.67%
Interest Rate Swap, 3 month LIBOR plus 3.35%
Derivative [Line Items]
Notional Amount	$ 3,000,000	$ 3,000,000
Pay Rate	7.505%	7.505%
Effective Date	Oct. 30, 2012	Oct. 30, 2012
Maturity in Years	1 year 3 months 29 days	1 year 9 months 29 days
Unrealized Losses	$ 160,000	$ 221,000
Interest Rate Swap, 3 month LIBOR plus 3.35% | LIBOR
Derivative [Line Items]
Receive Rate	3.35%	3.35%
Interest Rate Swap, 3 month LIBOR
Derivative [Line Items]
Notional Amount	$ 15,000,000	$ 15,000,000
Pay Rate	0.668%	0.668%
Effective Date	Mar. 18, 2020	Mar. 18, 2020
Maturity in Years	1 year 8 months 19 days	2 years 2 months 19 days
Unrealized Losses	$ 105,000	$ 159,000
Interest Rate Swap, 3 month LIBOR
Derivative [Line Items]
Notional Amount	$ 15,000,000	$ 15,000,000
Pay Rate	0.79%	0.79%
Effective Date	Mar. 18, 2020	Mar. 18, 2020
Maturity in Years	3 years 8 months 19 days	4 years 2 months 19 days
Unrealized Losses	$ 45,000	$ 288,000
Interest Rate Swap, 3 month LIBOR
Derivative [Line Items]
Notional Amount	$ 10,000,000	$ 10,000,000
Pay Rate	0.53%	0.53%
Effective Date	Mar. 23, 2020	Mar. 23, 2020
Maturity in Years	1 year 8 months 23 days	2 years 2 months 23 days
Unrealized Losses	$ 45,000	$ 75,000

COMMITMENTS AND CONTINGENCIES -

COMMITMENTS AND CONTINGENCIES - Narrative (Details) - USD ($)	Jun. 30, 2021	Dec. 31, 2020
Other Commitments [Line Items]
FHLB letters of credit	$ 50,833,000
Letters of credit
Other Commitments [Line Items]
Potential guarantee obligation	0	$ 0
Loans Receivable
Other Commitments [Line Items]
Allowance for credit loss	$ 0	$ 0

COMMITMENTS AND CONTINGENCIES_2

COMMITMENTS AND CONTINGENCIES - Schedule of Commitments and Letters of Credit (Details) - USD ($) $ in Thousands	Jun. 30, 2021	Dec. 31, 2020
Commitments to extend credit
Other Commitments [Line Items]
Off-balance sheet liability	$ 358,725	$ 324,277
Letters of credit
Other Commitments [Line Items]
Off-balance sheet liability	$ 8,511	$ 8,488

REGULATORY MATTERS - Narrative

REGULATORY MATTERS - Narrative (Details) - USD ($)	Jun. 30, 2021	Dec. 31, 2020
Subordinated debentures | Subordinated Debentures II, Subordinated Debentures III, and DCB Debentures I
Common equity tier 1 capital to risk-weighted assets:
Debenture issued	$ 10,310,000	$ 10,310,000
Maximum
Common equity tier 1 capital to risk-weighted assets:
Capital conservation buffer percentage	2.50%

REGULATORY MATTERS - Comparison

REGULATORY MATTERS - Comparison of the Company's and Bank's Actual Capital Amounts and Ratios to Required Capital Amounts and Ratios (Details) $ in Thousands	Jun. 30, 2021USD ($)	Dec. 31, 2020USD ($)
Total capital to risk-weighted assets:
Actual, Amount	$ 280,300	$ 263,144
Actual, Ratio	14.52	13.20
Minimum Required for Capital Adequacy Purposes, Amount	$ 154,445	$ 159,496
Minimum Required for Capital Adequacy Purposes, Ratio	8	8
Minimum Required Under Basel III (Including Buffer), Amount	$ 202,709	$ 209,338
Minimum Required Under Basel III (Including Buffer), Ratio	10.50	10.50
Tier 1 capital to risk-weighted assets:
Actual, Amount	$ 256,077	$ 238,115
Actual, Ratio	13.26	11.94
Minimum Required for Capital Adequacy Purposes, Amount	$ 115,834	$ 119,622
Minimum Required for Capital Adequacy Purposes, Ratio	6	6
Minimum Required Under Basel III (Including Buffer), Amount	$ 164,098	$ 169,464
Minimum Required Under Basel III (Including Buffer), Ratio	8.50	8.50
Tier 1 capital to average assets:
Actual, Amount	$ 256,077	$ 238,115
Actual, Ratio	8.86	9.13
Minimum Required for Capital Adequacy Purposes, Amount	$ 115,560	$ 104,293
Minimum Required for Capital Adequacy Purposes, Ratio	4	4
Minimum Required Under Basel III (Including Buffer), Amount	$ 115,560	$ 104,293
Minimum Required Under Basel III (Including Buffer), Ratio	4	4
Common equity tier 1 capital to risk-weighted assets:
Actual, Amount	$ 245,767	$ 227,805
Actual, Ratio	12.73	11.43
Minimum Required for Capital Adequacy Purposes, Amount	$ 86,875	$ 89,716
Minimum Required for Capital Adequacy Purposes, Ratio	4.50%	4.50%
Minimum Required Under Basel III (Including Buffer), Amount	$ 135,139	$ 139,559
Minimum Required Under Basel III (Including Buffer), Ratio	7.00%	7.00%
Bank
Total capital to risk-weighted assets:
Actual, Amount	$ 289,779	$ 285,490
Actual, Ratio	15.01	14.32
Minimum Required for Capital Adequacy Purposes, Amount	$ 154,442	$ 159,514
Minimum Required for Capital Adequacy Purposes, Ratio	8	8
Minimum Required Under Basel III (Including Buffer), Amount	$ 202,705	$ 209,362
Minimum Required Under Basel III (Including Buffer), Ratio	10.50	10.50
To Be Well Capitalized Under Prompt Corrective Action Provisions, Amount	$ 193,052	$ 199,392
To Be Well Capitalized Under Prompt Corrective Action Provisions, Ratio	10	10
Tier 1 capital to risk-weighted assets:
Actual, Amount	$ 265,556	$ 260,459
Actual, Ratio	13.76	13.06
Minimum Required for Capital Adequacy Purposes, Amount	$ 115,831	$ 119,635
Minimum Required for Capital Adequacy Purposes, Ratio	6	6
Minimum Required Under Basel III (Including Buffer), Amount	$ 164,094	$ 169,483
Minimum Required Under Basel III (Including Buffer), Ratio	8.50	8.50
To Be Well Capitalized Under Prompt Corrective Action Provisions, Amount	$ 154,442	$ 159,514
To Be Well Capitalized Under Prompt Corrective Action Provisions, Ratio	8	8
Tier 1 capital to average assets:
Actual, Amount	$ 265,556	$ 260,459
Actual, Ratio	9.19	9.99
Minimum Required for Capital Adequacy Purposes, Amount	$ 115,560	$ 104,293
Minimum Required for Capital Adequacy Purposes, Ratio	4	4
Minimum Required Under Basel III (Including Buffer), Amount	$ 115,560	$ 104,293
Minimum Required Under Basel III (Including Buffer), Ratio	4	4
To Be Well Capitalized Under Prompt Corrective Action Provisions, Amount	$ 144,450	$ 130,366
To Be Well Capitalized Under Prompt Corrective Action Provisions, Ratio	5	5
Common equity tier 1 capital to risk-weighted assets:
Actual, Amount	$ 265,556	$ 260,459
Actual, Ratio	13.76	13.06
Minimum Required for Capital Adequacy Purposes, Amount	$ 86,874	$ 89,726
Minimum Required for Capital Adequacy Purposes, Ratio	4.50%	4.50%
Minimum Required Under Basel III (Including Buffer), Amount	$ 135,137	$ 139,574
Minimum Required Under Basel III (Including Buffer), Ratio	7.00%	7.00%
To Be Well Capitalized Under Prompt Corrective Action Provisions, Amount	$ 125,484	$ 129,605
To Be Well Capitalized Under Prompt Corrective Action Provisions, Ratio	6.50%	6.50%

FAIR VALUE - Schedule of Financ

FAIR VALUE - Schedule of Financial Assets (Liabilities) Measured at Fair Value (Details) - USD ($) $ in Thousands	Jun. 30, 2021	Dec. 31, 2020
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available for sale	$ 446,636	$ 380,795
Loans held for sale	5,088	5,542
Cash surrender value of life insurance	36,367	35,510
SBA servicing assets	740	763
Derivative instrument assets	484	629
Derivative instrument liabilities	(679)	(1,151)
Individually evaluated collateral dependent loans	4,134
Mortgage-backed securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available for sale	157,316	107,164
Collateralized mortgage obligations
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available for sale	66,928	66,945
Corporate bonds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available for sale	40,431	30,982
U.S. government agencies
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available for sale	10,148
Assets (liabilities) at fair value on a recurring basis: | Mortgage-backed securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available for sale	157,316	107,164
Assets (liabilities) at fair value on a recurring basis: | Collateralized mortgage obligations
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available for sale	66,928	66,945
Assets (liabilities) at fair value on a recurring basis: | Corporate bonds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available for sale	40,431	30,982
Assets (liabilities) at fair value on a recurring basis: | U.S. government agencies
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available for sale	10,148
Assets at fair value on a nonrecurring basis:
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Individually evaluated collateral dependent loans	4,134	8,427
Municipal securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available for sale	171,813	175,704
Municipal securities | Assets (liabilities) at fair value on a recurring basis:
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available for sale	171,813	175,704
Quoted Prices in Active Markets for Identical Assets (Level 1)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Loans held for sale	0	0
Cash surrender value of life insurance	0	0
SBA servicing assets	0	0
Derivative instrument assets	0	0
Derivative instrument liabilities	0	0
Quoted Prices in Active Markets for Identical Assets (Level 1) | Assets (liabilities) at fair value on a recurring basis: | Mortgage-backed securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available for sale	0	0
Quoted Prices in Active Markets for Identical Assets (Level 1) | Assets (liabilities) at fair value on a recurring basis: | Collateralized mortgage obligations
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available for sale	0	0
Quoted Prices in Active Markets for Identical Assets (Level 1) | Assets (liabilities) at fair value on a recurring basis: | Corporate bonds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available for sale	0	0
Quoted Prices in Active Markets for Identical Assets (Level 1) | Assets (liabilities) at fair value on a recurring basis: | U.S. government agencies
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available for sale	0
Quoted Prices in Active Markets for Identical Assets (Level 1) | Assets at fair value on a nonrecurring basis:
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Individually evaluated collateral dependent loans	0	0
Quoted Prices in Active Markets for Identical Assets (Level 1) | Municipal securities | Assets (liabilities) at fair value on a recurring basis:
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available for sale	0	0
Significant Other Observable Inputs (Level 2)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Loans held for sale	0	0
Cash surrender value of life insurance	36,367	35,510
SBA servicing assets	0	0
Derivative instrument assets	484	629
Derivative instrument liabilities	(679)	(1,151)
Significant Other Observable Inputs (Level 2) | Assets (liabilities) at fair value on a recurring basis: | Mortgage-backed securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available for sale	157,316	107,164
Significant Other Observable Inputs (Level 2) | Assets (liabilities) at fair value on a recurring basis: | Collateralized mortgage obligations
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available for sale	66,928	66,945
Significant Other Observable Inputs (Level 2) | Assets (liabilities) at fair value on a recurring basis: | Corporate bonds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available for sale	40,431	30,982
Significant Other Observable Inputs (Level 2) | Assets (liabilities) at fair value on a recurring basis: | U.S. government agencies
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available for sale	10,148
Significant Other Observable Inputs (Level 2) | Assets at fair value on a nonrecurring basis:
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Individually evaluated collateral dependent loans	0	0
Significant Other Observable Inputs (Level 2) | Municipal securities | Assets (liabilities) at fair value on a recurring basis:
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available for sale	171,813	175,704
Significant Other Unobservable Inputs (Level 3)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Loans held for sale	5,088	5,542
Cash surrender value of life insurance	0	0
SBA servicing assets	740	763
Derivative instrument assets	0	0
Derivative instrument liabilities	0	0
Individually evaluated collateral dependent loans	4,134
Significant Other Unobservable Inputs (Level 3) | Assets (liabilities) at fair value on a recurring basis: | Mortgage-backed securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available for sale	0	0
Significant Other Unobservable Inputs (Level 3) | Assets (liabilities) at fair value on a recurring basis: | Collateralized mortgage obligations
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available for sale	0	0
Significant Other Unobservable Inputs (Level 3) | Assets (liabilities) at fair value on a recurring basis: | Corporate bonds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available for sale	0	0
Significant Other Unobservable Inputs (Level 3) | Assets (liabilities) at fair value on a recurring basis: | U.S. government agencies
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available for sale	0
Significant Other Unobservable Inputs (Level 3) | Assets at fair value on a nonrecurring basis:
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Individually evaluated collateral dependent loans	4,134	8,427
Significant Other Unobservable Inputs (Level 3) | Municipal securities | Assets (liabilities) at fair value on a recurring basis:
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available for sale	$ 0	$ 0

FAIR VALUE - Fair Value of Fore

FAIR VALUE - Fair Value of Foreclosed Assets (Details) - USD ($) $ in Thousands	Jun. 30, 2021	Dec. 31, 2020	Jun. 30, 2020
Carrying Value | Other real estate owned remeasured at initial recognition
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Foreclosed assets	$ 0	$ 42	$ 0
Carrying Value | Revision of Prior Period, Adjustment
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Foreclosed assets	0	62	62
Charge-offs | Other real estate owned remeasured at initial recognition
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Foreclosed assets	0	(9)	0
Charge-offs | Revision of Prior Period, Adjustment
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Foreclosed assets	0	(1)	(1)
Fair Value | Other real estate owned remeasured at initial recognition
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Foreclosed assets	0	33	0
Fair Value | Revision of Prior Period, Adjustment
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Foreclosed assets	$ 0	$ 61	$ 61

FAIR VALUE - Schedule of Quanti

FAIR VALUE - Schedule of Quantitative Information About Nonrecurring Level 3 Fair Value Measurements (Details) - Cost to Sell - Other real estate owned - Appraisal value of collateral $ in Thousands	Jun. 30, 2021USD ($)	Dec. 31, 2020USD ($)
Assets at fair value on a nonrecurring basis: | Significant Other Unobservable Inputs (Level 3)
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Other real estate owned	$ 227	$ 404
Minimum
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Other real estate owned, input (percent)	10	10
Maximum
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Other real estate owned, input (percent)	20	20
Weighted Average
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Other real estate owned, input (percent)	16	16

FAIR VALUE - Schedule of Indivi

FAIR VALUE - Schedule of Individually Evaluated Collateral Dependent Loans at Fair Value (Details) $ in Thousands	Jun. 30, 2021USD ($)
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items]
Individually evaluated collateral dependent loans	$ 4,134
Significant Other Unobservable Inputs (Level 3)
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items]
Individually evaluated collateral dependent loans	4,134
Construction and Development
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items]
Individually evaluated collateral dependent loans	399
Construction and Development | Significant Other Unobservable Inputs (Level 3)
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items]
Individually evaluated collateral dependent loans	399
Commercial Real Estate
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items]
Individually evaluated collateral dependent loans	3,654
Commercial Real Estate | Significant Other Unobservable Inputs (Level 3)
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items]
Individually evaluated collateral dependent loans	3,654
Commercial and Industrial
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items]
Individually evaluated collateral dependent loans	81
Commercial and Industrial | Significant Other Unobservable Inputs (Level 3)
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items]
Individually evaluated collateral dependent loans	$ 81

FAIR VALUE - Schedule of Carryi

FAIR VALUE - Schedule of Carrying Amounts and Estimated Fair Value of Assets And Liabilities (Details) - USD ($) $ in Thousands	Jun. 30, 2021	Dec. 31, 2020
Reported Value Measurement
Financial assets:
Cash, due from banks, federal funds sold and interest-bearing deposits	$ 447,218	$ 351,792
Loans, net	1,856,277	1,831,737
Accrued interest receivable	8,801	9,834
Nonmarketable equity securities	14,011	14,095
Financial liabilities:
Deposits	2,533,026	2,286,390
Securities sold under repurchase agreements	15,336	15,631
Accrued interest payable	565	804
Federal Home Loan Bank advances	49,000	109,101
Subordinated debentures	19,810	19,810
Fair Value
Financial assets:
Cash, due from banks, federal funds sold and interest-bearing deposits	447,218	351,792
Loans, net	1,866,176	1,846,868
Accrued interest receivable	8,801	9,834
Nonmarketable equity securities	14,011	14,095
Financial liabilities:
Deposits	2,534,092	2,288,157
Securities sold under repurchase agreements	15,336	15,631
Accrued interest payable	565	804
Federal Home Loan Bank advances	49,173	109,381
Subordinated debentures	18,745	17,406
Fair Value | Level 1 Inputs
Financial assets:
Cash, due from banks, federal funds sold and interest-bearing deposits	447,218	351,792
Loans, net	0	0
Accrued interest receivable	0	0
Nonmarketable equity securities	0	0
Financial liabilities:
Deposits	2,184,394	1,907,587
Securities sold under repurchase agreements	0	0
Accrued interest payable	0	0
Federal Home Loan Bank advances	0	0
Subordinated debentures	0	0
Fair Value | Level 2 Inputs
Financial assets:
Cash, due from banks, federal funds sold and interest-bearing deposits	0	0
Loans, net	0	0
Accrued interest receivable	8,801	9,834
Nonmarketable equity securities	14,011	14,095
Financial liabilities:
Deposits	349,698	380,570
Securities sold under repurchase agreements	15,336	15,631
Accrued interest payable	565	804
Federal Home Loan Bank advances	49,173	109,381
Subordinated debentures	18,745	17,406
Fair Value | Level 3 Inputs
Financial assets:
Cash, due from banks, federal funds sold and interest-bearing deposits	0	0
Loans, net	1,866,176	1,846,868
Accrued interest receivable	0	0
Nonmarketable equity securities	0	0
Financial liabilities:
Deposits	0	0
Securities sold under repurchase agreements	0	0
Accrued interest payable	0	0
Federal Home Loan Bank advances	0	0
Subordinated debentures	$ 0	$ 0

EARNINGS PER SHARE - Schedule o

EARNINGS PER SHARE - Schedule of Basic and Diluted Earnings Per Share (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
Numerator:
Net earnings (basic)	$ 10,432	$ 1,075	$ 21,394	$ 7,353
Net earnings (diluted)	$ 10,432	$ 1,075	$ 21,394	$ 7,353
Denominator:
Weighted-average shares outstanding (basic) (in shares)	12,056,550	12,128,516	12,047,643	12,352,074
Effect of dilutive securities:
Common stock equivalent shares from stock options (in shares)	195,037		168,311
Weighted-average shares outstanding (diluted) (in shares)	12,251,587	12,128,516	12,215,954	12,352,074
Net earnings per share
Basic (in USD per share)	$ 0.87	$ 0.09	$ 1.78	$ 0.59
Diluted (in USD per share)	$ 0.85	$ 0.09	$ 1.75	$ 0.59

EARNINGS PER SHARE - Schedule_2

EARNINGS PER SHARE - Schedule of Basic and Diluted Earnings Per Share (Parenthetical) (Details)	3 Months Ended
	Mar. 31, 2021
Earnings Per Share [Abstract]
Percentage of stock dividend issued	10.00%