Guaranty Bancshares (GNTY) 10-Q 8 May 20 2020 Q1 Quarterly report Financial data

DOCUMENT AND ENTITY INFORMATION

DOCUMENT AND ENTITY INFORMATION - shares	3 Months Ended
	Mar. 31, 2020	May 01, 2020
Cover [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Mar. 31, 2020
Document Fiscal Year Focus	2020
Document Fiscal Period Focus	Q1
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		11,013,804
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	Mar. 31, 2020	Dec. 31, 2019
ASSETS
Cash and due from banks	$ 40,354	$ 39,907
Federal funds sold	81,250	45,246
Interest-bearing deposits	25,324	5,561
Total cash and cash equivalents	146,928	90,714
Securities available for sale	377,062	212,716
Securities held to maturity	0	155,458
Loans held for sale	4,024	2,368
Loans, net of allowance for credit losses of $21,948 and $16,202, respectively	1,696,861	1,690,794
Accrued interest receivable	8,148	9,151
Premises and equipment, net	54,496	53,431
Other real estate owned	605	603
Cash surrender value of life insurance	34,713	34,495
Core deposit intangible, net	3,639	3,853
Goodwill	32,160	32,160
Other assets	32,348	32,701
Total assets	2,390,984	2,318,444
Deposits
Noninterest-bearing	528,817	525,865
Interest-bearing	1,471,609	1,430,939
Total deposits	2,000,426	1,956,804
Securities sold under agreements to repurchase	11,843	11,100
Accrued interest and other liabilities	23,645	23,061
Line of credit	20,000
Federal Home Loan Bank advances	70,614	55,118
Subordinated debentures	10,810	10,810
Total liabilities	2,137,338	2,056,893
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, 12,908,097 and 12,905,097 shares issued, and 11,128,556 and 11,547,443 shares outstanding, respectively	12,908	12,905
Additional paid-in capital	186,916	186,692
Retained earnings	98,805	98,239
Treasury stock, 1,779,541 and 1,357,654 shares at cost	(45,309)	(34,492)
Accumulated other comprehensive income (loss)	326	(1,793)
Total shareholders' equity	253,646	261,551
Total liabilities and shareholders' equity	$ 2,390,984	$ 2,318,444

CONSOLIDATED BALANCE SHEETS (Pa

CONSOLIDATED BALANCE SHEETS (Parenthetical) - USD ($) $ in Thousands	Mar. 31, 2020	Dec. 31, 2019
Statement Of Financial Position [Abstract]
Allowance for credit losses	$ 21,948	$ 16,202
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)	12,908,097	12,905,097
Common stock, shares outstanding (in shares)	11,128,556	11,547,443
Treasury stock (in shares)	1,779,541	1,357,654

CONSOLIDATED STATEMENTS OF EARN

CONSOLIDATED STATEMENTS OF EARNINGS (Unaudited) - USD ($)	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Interest income
Loans, including fees	$ 22,517,000	$ 22,244,000
Securities
Taxable	1,294,000	1,599,000
Nontaxable	975,000	959,000
Federal funds sold and interest-bearing deposits	466,000	505,000
Total interest income	25,252,000	25,307,000
Interest expense
Deposits	4,421,000	5,673,000
FHLB advances and federal funds purchased	82,000	447,000
Subordinated debentures	143,000	169,000
Other borrowed money	37,000	11,000
Total interest expense	4,683,000	6,300,000
Net interest income	20,569,000	19,007,000
Provision for credit losses	1,400,000	575,000
Net interest income after provision for credit losses	19,169,000	18,432,000
Noninterest income
Service charges	908,000	826,000
Net realized gain on sale of loans	1,189,000	477,000
Other income	2,864,000	2,259,000
Total noninterest income	4,961,000	3,562,000
Noninterest expense
Employee compensation and benefits	9,466,000	8,986,000
Occupancy expenses	2,477,000	2,451,000
Other expenses	4,464,000	4,033,000
Total noninterest expense	16,407,000	15,470,000
Income before income taxes	7,723,000	6,524,000
Income tax provision	1,445,000	1,187,000
Net earnings	$ 6,278,000	$ 5,337,000
Basic earnings per share (in USD per share)	$ 0.55	$ 0.45
Diluted earnings per share (in USD per share)	$ 0.55	$ 0.45

CONSOLIDATED STATEMENTS OF COMP

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (Unaudited) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Statement Of Income And Comprehensive Income [Abstract]
Net earnings	$ 6,278	$ 5,337
Unrealized gains on securities
Unrealized holding gains arising during the period	1,104	5,159
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	5
Tax effect	(710)	(1,086)
Unrealized gains on securities, net of tax	2,705	4,078
Unrealized holding losses arising during the period on interest rate swaps	(586)	(83)
Total other comprehensive income	2,119	3,995
Comprehensive income	$ 8,397	$ 9,332

CONSOLIDATED STATEMENTS OF CHAN

CONSOLIDATED STATEMENTS OF CHANGES IN SHAREHOLDERS' EQUITY (Unaudited) - USD ($) $ in Thousands	Total	Common Stock	Additional Paid-in Capital	Retained Earnings	Treasury Stock	Accumulated Other Comprehensive (Loss) Income
Beginning balance at Dec. 31, 2018	$ 244,583	$ 12,835	$ 185,174	$ 80,088	$ (24,352)	$ (9,162)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net earnings	5,337			5,337
Other comprehensive income (loss)	3,995					3,995
Exercise of stock options	481	19	462
Purchase of treasury stock	(2,215)				(2,215)
Restricted stock grants		31	(31)
Stock based compensation	137		137
Dividends: Common Stock	(2,008)			(2,008)
Ending balance at Mar. 31, 2019	250,310	12,885	185,742	83,417	(26,567)	(5,167)
Beginning balance at Dec. 31, 2019	261,551	12,905	186,692	98,239	(34,492)	(1,793)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Impact of adoption of ASC 326, net of tax of $955	(3,593)			(3,593)
Net earnings	6,278			6,278
Other comprehensive income (loss)	2,119					2,119
Exercise of stock options	72	3	69
Purchase of treasury stock	(10,817)				(10,817)
Stock based compensation	155		155
Dividends: Common Stock	(2,119)			(2,119)
Ending balance at Mar. 31, 2020	$ 253,646	$ 12,908	$ 186,916	$ 98,805	$ (45,309)	$ 326

CONSOLIDATED STATEMENTS OF CH_2

CONSOLIDATED STATEMENTS OF CHANGES IN SHAREHOLDERS' EQUITY (Unaudited) (Parenthetical) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Statement Of Stockholders Equity [Abstract]
Common stock dividends (in USD per share)	$ 0.19	$ 0.17
Impact of adoption of ASC 326, net of tax	$ 955

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)	3 Months Ended
	Mar. 31, 2020	Dec. 31, 2019	Mar. 31, 2019
Cash flows from operating activities
Net earnings	$ 6,278,000		$ 5,337,000
Adjustments to reconcile net earnings to net cash provided from operating activities:
Depreciation	989,000		1,003,000
Amortization	335,000		348,000
Deferred taxes	(613,000)		(43,000)
Premium amortization, net of discount accretion	912,000		943,000
Gain on sale of loans	(1,189,000)		(477,000)
Provision for credit losses	1,400,000	$ 0	575,000
Origination of loans held for sale	(25,017,000)		(13,560,000)
Proceeds from loans held for sale	24,550,000		14,610,000
Write-down of other real estate and repossessed assets	102,000		10,000
Net gain on sale of premises, equipment, other real estate owned and other assets	(2,000)		(34,000)
Stock based compensation	155,000		137,000
Net change in accrued interest receivable and other assets	1,775,000		(9,826,000)
Net change in accrued interest payable and other liabilities	(45,000)		11,302,000
Net cash provided by operating activities	9,630,000		10,325,000
Securities available for sale:
Purchases	(19,551,000)		(5,120,000)
Proceeds from maturities and principal repayments	10,142,000		5,855,000
Securities held to maturity:
Proceeds from maturities and principal repayments	3,024,000		1,666,000
Net originations of loans	(12,194,000)		3,760,000
Net purchases of premises and equipment	(2,054,000)		(1,154,000)
Net proceeds from sale of premises, equipment, other real estate owned and other assets	177,000		296,000
Net cash (used in) provided by investing activities	(20,456,000)		5,303,000
Cash flows from financing activities
Net change in deposits	43,622,000		90,821,000
Net change in securities sold under agreements to repurchase	743,000		(686,000)
Proceeds from FHLB advances	60,000,000		56,000,000
Repayment of FHLB advances	(44,504,000)		(121,005,000)
Proceeds from line of credit	20,000,000
Repayments of debentures			(500,000)
Purchase of treasury stock	(10,817,000)		(1,932,000)
Exercise of stock options	72,000		481,000
Cash dividends	(2,076,000)		(2,013,000)
Net cash provided by financing activities	67,040,000		21,166,000
Net change in cash and cash equivalents	56,214,000		36,794,000
Cash and cash equivalents at beginning of period	90,714,000		71,510,000
Cash and cash equivalents at end of period	146,928,000	$ 90,714,000	108,304,000
Supplemental disclosures of cash flow information
Interest paid	4,915,000		6,174,000
Supplemental schedule of noncash investing and financing activities
Purchase of treasury stock accrued			283,000
Cash dividends accrued	2,119,000		2,008,000
Transfer loans to other real estate owned and repossessed assets	$ 179,000		$ 130,000

SUMMARY OF SIGNIFICANT ACCOUNTI

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	3 Months Ended
	Mar. 31, 2020
Accounting Policies [Abstract]
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	NOTE 1 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Nature of Operations : Guaranty Bancshares, Inc. (“Guaranty”) is a bank holding company headquartered in Mount Pleasant, Texas that provides, through its wholly-owned subsidiary, Guaranty Bank & Trust, N.A. (the “Bank”), a broad array of financial products and services to individuals and corporate customers, primarily in its markets of East Texas, Dallas/Fort Worth, Greater Houston and Central Texas. The terms “the Company,” “we,” “us” and “our” mean Guaranty and its subsidiaries, when appropriate. The Company’s main sources of income are derived from granting loans throughout its markets and investing in securities issued by the U.S. Treasury, U.S. government agencies and state and political subdivisions. The Company’s primary lending products are real estate, commercial and consumer loans. Although the Company has a diversified loan portfolio, a substantial portion of its debtors’ abilities to honor contracts is dependent on the economy of the State of Texas and primarily the economies of East Texas, Dallas/Fort Worth, Greater Houston and Central Texas. The Company primarily funds its lending activities with deposit operations. The Company’s primary deposit products are checking accounts, money market accounts and certificates of deposit. Basis of Presentation : The consolidated financial statements in this Quarterly Report on Form 10-Q (this “Report”) include the accounts of Guaranty, the Bank, and their respective other direct and indirect subsidiaries and any other entities in which Guaranty has a controlling interest. The Bank has six wholly-owned non-bank subsidiaries, Guaranty Company, Inc., G B COM, INC., 2800 South Texas Avenue LLC, Pin Oak Realty Holdings, Inc., Pin Oak Energy Holdings, LLC and White Oak Aviation, LLC. All significant intercompany balances and transactions have been eliminated in consolidation. The accounting and financial reporting policies followed by the Company conform, in all material respects, to accounting principles generally accepted in the United States of America (“GAAP”) and to general practices within the financial services industry. 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, 2019, included in Guaranty’s Annual Report on Form 10-K for the year ended December 31, 2019. 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 is 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 are currently being negotiated. Due to the COVID-19 pandemic, market interest rates have declined significantly, with the 10-year Treasury bond falling below 1.00% on March 3, 2020 for the first time. On March 3, 2020, the Federal Open Market Committee reduced the target federal funds rate by 50 basis points to 1.00% to 1.25%, and this rate was further reduced to a rate target range of 0.00% to 0.25% on March 16, 2020. 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, economic uncertainties have arisen which are likely to negatively impact net interest income and noninterest income. Other financial impacts could occur though such potential impact is unknown at this time. Recent Accounting Pronouncements : In January 2017, the FASB issued ASU 2017-04, Intangibles - Goodwill and Other (Topic 350) 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 the Current Expected Credit Losses (CECL) standard (Accounting Standards Update 2016-13 or ASC 326) on January 1, 2020. The day one impact of adopting CECL resulted in an allowance increase of $4,548, or 28.1%, from December 31, 2019. The day one increase was primarily due to recognizing expected lifetime losses in the portfolio and adding an economic forecast based upon our assumptions on January 1, 2020. Subsequent to the day one effect, there was a $1,400 provision for loan losses in the first quarter of 2020, compared to no provision recorded in the fourth quarter of 2019 and $575 in the first quarter of 2019. The $1,400 provision this quarter consists of approximately $900 that we recorded as a result of COVID-19 specifically and the remaining $500 was calculated using our standard CECL methodology. 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 while prior period amounts continue to be reported in accordance with previously applicable GAAP. The Company recorded a decrease to retained earnings of $4,548, 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 seg ment) 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 separate segments for our mortgage warehouse loans, for our internally originated SBA loans and for our SBA loans acquired from Westbound Bank in 2018. 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. 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 Program Loans 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 he is 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. 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.

MARKETABLE SECURITIES

MARKETABLE SECURITIES	3 Months Ended
	Mar. 31, 2020
Investments Debt And Equity Securities [Abstract]
MARKETABLE SECURITIES	NOTE 2 - MARKETABLE SECURITIES During the three months ended March 31, 2020, the Company transferred all of its investment securities classified as held to maturity to available for sale in order to provide maximum flexibility to address liquidity and capital needs that may result from COVID-19. The Company believes that these transfers are allowable under existing GAAP due to the isolated, non-recurring and unusual events resulting from the pandemic. The following tables summarize the amortized cost and fair value of securities available for sale as of March 31, 2020, and the amortized cost and fair value of securities held to maturity and available for sale, respectively, as of December 31, 2019 and the corresponding amounts of gross unrealized gains and losses: March 31, 2020 Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Estimated Fair Value Available for sale: Corporate bonds $ 19,648 $ 144 $ 103 $ 19,689 Municipal securities 170,561 3,276 288 173,549 Mortgage-backed securities 93,979 2,508 67 96,420 Collateralized mortgage obligations 87,001 487 84 87,404 Total available for sale $ 371,189 $ 6,415 $ 542 $ 377,062 December 31, 2019 Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Estimated Fair Value Available for sale: Corporate bonds $ 19,667 $ 592 $ — $ 20,259 Municipal securities 16,780 576 8 17,348 Mortgage-backed securities 83,967 550 335 84,182 Collateralized mortgage obligations 89,798 1,146 17 90,927 Total available for sale $ 210,212 $ 2,864 $ 360 $ 212,716 Held to maturity: Municipal securities $ 138,416 $ 4,710 $ 3 $ 143,123 Mortgage-backed securities 14,365 198 13 14,550 Collateralized mortgage obligations 2,677 110 — 2,787 Total held to maturity $ 155,458 $ 5,018 $ 16 $ 160,460 There is no allowance for credit losses recorded for our available for sale debt securities as of March 31, 2020. For the year ended December 31, 2019, management evaluated securities for other-than-temporary impairment (“OTTI”) on at least a quarterly basis, and more frequently when economic or market concerns warranted such evaluation. Consideration was given to (1) the length of time and the extent to which the fair value has been 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 issuer for a period of time sufficient to allow for any anticipated recovery in fair value. The Company did not record any OTTI losses on any of its securities for the year ended December 31, 2019. Information pertaining to securities with gross unrealized losses as of March 31, 2020, for which no allowance for credit losses has been recorded, and December 31, 2019, 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 March 31, 2020 Gross Unrealized Losses Estimated Fair Value Gross Unrealized Losses Estimated Fair Value Gross Unrealized Losses Estimated Fair Value Available for sale: Corporate bonds $ (103 ) $ 11,430 $ — $ — $ (103 ) $ 11,430 Municipal securities (288 ) 28,772 — — (288 ) 28,772 Mortgage-backed securities (13 ) 4,233 (54 ) 5,840 (67 ) 10,073 Collateralized mortgage obligations (66 ) 26,914 (18 ) 2,261 (84 ) 29,175 Total available for sale $ (470 ) $ 71,349 $ (72 ) $ 8,101 $ (542 ) $ 79,450 Less Than 12 Months 12 Months or Longer Total December 31, 2019 Gross Unrealized Losses Estimated Fair Value Gross Unrealized Losses Estimated Fair Value Gross Unrealized Losses Estimated Fair Value Available for sale: Corporate bonds $ — $ — $ — $ — $ — $ — Municipal securities (8 ) 1,138 — — (8 ) 1,138 Mortgage-backed securities (25 ) 19,421 (310 ) 42,116 (335 ) 61,537 Collateralized mortgage obligations — — (17 ) 2,594 (17 ) 2,594 Total available for sale $ (33 ) $ 20,559 $ (327 ) $ 44,710 $ (360 ) $ 65,269 Held to maturity: Municipal securities $ (1 ) $ 1,313 $ (2 ) $ 759 $ (3 ) $ 2,072 Mortgage-backed securities — — (13 ) 7,032 (13 ) 7,032 Collateralized mortgage obligations — — — — — — Total held to maturity $ (1 ) $ 1,313 $ (15 ) $ 7,791 $ (16 ) $ 9,104 The number of investment positions in an unrealized loss position with no recorded allowance for credit losses totaled 66 at March 31, 2020. The securities in a loss position were composed of tax-exempt municipal bonds, corporate bonds, collateralized mortgage obligations and mortgage backed securities. 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 March 31, 2020, there were no holdings of securities of any one issuer, other than the U.S. government and its agencies, in an amount greater than 10% of shareholders’ equity. Securities with fair values of approximately $300,214 and $278,318 at March 31, 2020 and December 31, 2019, 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 months ended March 31, 2020 or 2019. The contractual maturities at March 31, 2020 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 March 31, 2020 Amortized Cost Estimated Fair Value Due within one year $ 5,095 $ 5,115 Due after one year through five years 51,142 51,724 Due after five years through ten years 51,401 52,805 Due after ten years 82,571 83,594 Mortgage-backed securities 93,979 96,420 Collateralized mortgage obligations 87,001 87,404 Total securities $ 371,189 $ 377,062

LOANS AND ALLOWANCE FOR CREDIT

LOANS AND ALLOWANCE FOR CREDIT LOSSES	3 Months Ended
	Mar. 31, 2020
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: March 31, 2020 December 31, 2019 Commercial and industrial $ 297,163 $ 279,583 Real estate: Construction and development 263,973 280,498 Commercial real estate 584,883 567,360 Farmland 78,635 57,476 1-4 family residential 400,605 412,166 Multi-family residential 20,430 37,379 Consumer 52,996 53,245 Agricultural 19,314 18,359 Overdrafts 354 329 Total loans (1) 1,718,353 1,706,395 Net of: Deferred loan costs, net 456 601 Allowance for credit losses (21,948 ) (16,202 ) Total net loans (1) $ 1,696,861 $ 1,690,794 (1) Excludes accrued interest receivable on loans of $6.8 million as of March 31, 2020 and December 31, 2019, which is presented 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 three months ended March 31, 2020, and the activity in the allowance for loan loss by portfolio segment for the year ended December 31, 2019 and for the three months ended March 31, 2019: For the Three Months Ended March 31, 2020 Commercial and industrial Construction and development Commercial real estate Farmland 1-4 family residential Multi-family residential Consumer Agricultural Overdrafts Unallocated COVID-19 reserve Total Allowance for credit 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 credit losses 365 (229 ) 447 193 (250 ) (170 ) 85 11 35 — 487 Provision for credit losses - COVID-19 — 106 233 3 — — — — — 571 913 Loans charged-off (43 ) — — — (59 ) — (73 ) — (49 ) — (224 ) Recoveries — — — — 1 — 7 — 14 — 22 Ending balance $ 2,924 $ 2,578 $ 9,761 $ 792 $ 4,156 $ 189 $ 693 $ 281 $ 3 $ 571 $ 21,948 For the Year Ended December 31, 2019 Commercial and industrial Construction and development Commercial real estate Farmland 1-4 family residential Multi-family residential Consumer Agricultural Overdrafts Total Allowance for loan losses: Beginning balance $ 1,751 $ 1,920 $ 6,025 $ 643 $ 2,868 $ 631 $ 565 $ 238 $ 10 $ 14,651 Provision for loan losses (117 ) 458 827 (73 ) 268 (222 ) (2 ) (41 ) 152 1,250 Loans charged-off (86 ) — — — (14 ) — (72 ) (89 ) (192 ) (453 ) Recoveries 508 — 1 — 3 — 111 89 42 754 Ending balance $ 2,056 $ 2,378 $ 6,853 $ 570 $ 3,125 $ 409 $ 602 $ 197 $ 12 $ 16,202 For the Three Months Ended March 31, 2019 Commercial and industrial Construction and development Commercial real estate Farmland 1-4 family residential Multi-family residential Consumer Agricultural Overdrafts Total Allowance for loan losses: Beginning balance $ 1,751 $ 1,920 $ 6,025 $ 643 $ 2,868 $ 631 $ 565 $ 238 $ 10 $ 14,651 Provision for loan losses 213 81 269 16 7 (56 ) 46 (35 ) 34 575 Loans charged-off (6 ) — — — (6 ) — (17 ) — (49 ) (78 ) Recoveries 5 — — — 1 — 23 — 13 42 Ending balance $ 1,963 $ 2,001 $ 6,294 $ 659 $ 2,870 $ 575 $ 617 $ 203 $ 8 $ 15,190 The ACL as of March 31, 2020 was estimated using the current expected credit loss model. The primary reasons for the increase in required ACL were to capture the expected lifetime losses of the portfolio, which were previously measured under an incurred loss model, expectations for an economic recession during 2020, including uncertainties due to COVID-19, forecasted increases in unemployment rates, and changes in other qualitative factors used in our CECL methodology. 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 and for our SBA loans acquired from Westbound Bank. 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. 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 projected economic impact of COVID-19 as of March 31, 2020 created the need for $913 of additional ACL, as shown in the preceding table and labeled “Provision for credit losses – COVID-19.” The following table summarizes the credit exposure in the Company’s loan portfolio, by year of origination, as of March 31, 2020: March 31, 2020 2020 2019 2018 2017 2016 Prior Revolving Loans Amortized Cost Total Commercial and industrial: Risk rating Pass $ 89,353 $ 44,914 $ 22,360 $ 9,359 $ 9,586 $ 19,274 $ 101,608 $ 296,454 Special mention — — — — — — — — Substandard — — 218 21 58 — — 297 Nonaccrual — — 28 — 43 191 150 412 Total commercial and industrial loans $ 89,353 $ 44,914 $ 22,606 $ 9,380 $ 9,687 $ 19,465 $ 101,758 $ 297,163 Charge-offs $ — $ — $ (43 ) $ — $ — $ — $ — $ (43 ) Recoveries — — — — — — — — Current period net $ — $ — $ (43 ) $ — $ — $ — $ — $ (43 ) Construction and development: Risk rating Pass $ 29,946 $ 119,807 $ 55,942 $ 28,704 $ 10,867 $ 11,023 $ 5,886 $ 262,175 Special mention — — — — — — — — Substandard — 600 6 — — — — 606 Nonaccrual — 1,192 — — — — — 1,192 Total construction and development loans $ 29,946 $ 121,599 $ 55,948 $ 28,704 $ 10,867 $ 11,023 $ 5,886 $ 263,973 Charge-offs $ — $ — $ — $ — $ — $ — $ — $ — Recoveries — — — — — — — — Current period net $ — $ — $ — $ — $ — $ — $ — $ — Commercial real estate: Risk rating Pass $ 17,610 $ 106,440 $ 101,206 $ 86,620 $ 101,885 $ 137,737 $ 11,921 $ 563,419 Special mention — — — — — 70 — 70 Substandard — — 1,183 617 — 9,358 — 11,158 Nonaccrual — — 158 3,947 5,087 1,044 — 10,236 Total commercial real estate loans $ 17,610 $ 106,440 $ 102,547 $ 91,184 $ 106,972 $ 148,209 $ 11,921 $ 584,883 Charge-offs $ — $ — $ — $ — $ — $ — $ — $ — Recoveries — — — — — — — — Current period net $ — $ — $ — $ — $ — $ — $ — $ — Farmland: Risk rating Pass $ 5,423 $ 14,614 $ 14,202 $ 8,507 $ 11,353 $ 18,649 $ 5,573 $ 78,321 Special mention — — — — — 41 — 41 Substandard — — — — — 97 — 97 Nonaccrual — — — — — 176 — 176 Total farmland loans $ 5,423 $ 14,614 $ 14,202 $ 8,507 $ 11,353 $ 18,963 $ 5,573 $ 78,635 Charge-offs $ — $ — $ — $ — $ — $ — $ — $ — Recoveries — — — — — — — — Current period net $ — $ — $ — $ — $ — $ — $ — $ — March 31, 2020 2020 2019 2018 2017 2016 Prior Revolving Loans Amortized Cost Total 1-4 family residential: Risk rating Pass $ 12,890 $ 81,727 $ 65,493 $ 46,797 $ 53,530 $ 125,807 $ 10,237 $ 396,481 Special mention — — 55 113 — 70 — 238 Substandard — — — — — — — — Nonaccrual — — 383 446 1,031 2,026 — 3,886 Total 1-4 family residential loans $ 12,890 $ 81,727 $ 65,931 $ 47,356 $ 54,561 $ 127,903 $ 10,237 $ 400,605 Charge-offs $ — $ — $ — $ — $ — $ (59 ) $ — $ (59 ) Recoveries — — — — — 1 — 1 Current period net $ — $ — $ — $ — $ — $ (58 ) $ — $ (58 ) Multi-family residential: Risk rating Pass $ 1,304 $ 4,837 $ 3,746 $ 1,515 $ 1,801 $ 6,665 $ 562 $ 20,430 Special mention — — — — — — — — Substandard — — — — — — — — Nonaccrual — — — — — — — — Total multi-family residential loans $ 1,304 $ 4,837 $ 3,746 $ 1,515 $ 1,801 $ 6,665 $ 562 $ 20,430 Charge-offs $ — $ — $ — $ — $ — $ — $ — $ — Recoveries — — — — — — — — Current period net $ — $ — $ — $ — $ — $ — $ — $ — Consumer and overdrafts: Risk rating Pass $ 8,344 $ 20,857 $ 14,693 $ 3,694 $ 1,442 $ 843 $ 3,171 $ 53,044 Special mention — 39 35 3 — — — 77 Substandard — — — — — — — — Nonaccrual — 50 150 23 3 3 — 229 Total consumer loans and overdrafts $ 8,344 $ 20,946 $ 14,878 $ 3,720 $ 1,445 $ 846 $ 3,171 $ 53,350 Charge-offs $ (49 ) $ (17 ) $ (18 ) $ (38 ) $ — $ — $ — $ (122 ) Recoveries 14 — — 4 1 2 — 21 Current period net $ (35 ) $ (17 ) $ (18 ) $ (34 ) $ 1 $ 2 $ — $ (101 ) Agricultural: Risk rating Pass $ 1,532 $ 2,919 $ 3,357 $ 1,146 $ 432 $ 391 $ 9,276 $ 19,053 Special mention — — — 70 — — — 70 Substandard — — — — 85 5 — 90 Nonaccrual — — 69 — 32 — — 101 Total agricultural loans $ 1,532 $ 2,919 $ 3,426 $ 1,216 $ 549 $ 396 $ 9,276 $ 19,314 Charge-offs $ — $ — $ — $ — $ — $ — $ — $ — Recoveries — — — — — — — — Current period net $ — $ — $ — $ — $ — $ — $ — $ — Total loans $ 166,402 $ 397,996 $ 283,284 $ 191,582 $ 197,235 $ 333,470 $ 148,384 $ 1,718,353 Charge-offs $ (49 ) $ (17 ) $ (61 ) $ (38 ) $ — $ (59 ) $ — $ (224 ) Recoveries 14 — — 4 1 3 — 22 Total current period net charge-offs $ (35 ) $ (17 ) $ (61 ) $ (34 ) $ 1 $ (56 ) $ — $ (202 ) The following table summarizes the credit exposure in the Company’s loan portfolio by class as of December 31, 2019: December 31, 2019 Commercial and industrial Construction and development Commercial real estate Farmland 1-4 family residential Multi-family residential Consumer and Overdrafts Agricultural Total Grade: Pass $ 279,217 $ 278,679 $ 548,662 $ 57,152 $ 409,896 $ 37,379 $ 53,327 $ 18,101 $ 1,682,413 Special mention 153 600 1,071 91 1,425 — 192 126 3,658 Substandard 213 1,219 17,627 233 845 — 55 132 20,324 Total $ 279,583 $ 280,498 $ 567,360 $ 57,476 $ 412,166 $ 37,379 $ 53,574 $ 18,359 $ 1,706,395 There were no loans classified in the “doubtful” or “loss” risk rating categories as of the periods ended March 31, 2020 and December 31, 2019. The following table presents the amortized cost basis of individually evaluated collateral-dependent loans by class of loans, and their impact on ACL, as of March 31, 2020: Real Estate Non-RE Total Allowance for Credit Losses Allocation Commercial and industrial $ 134 $ — $ 134 $ 16 Real estate: Construction and development 600 — 600 69 Commercial real estate 9,692 — 9,692 1,415 Farmland — — — — 1-4 family residential — — — — Multi-family residential — — — — Consumer — 174 174 — Agricultural — 191 191 — Overdrafts — — — — Total $ 10,426 $ 365 $ 10,791 $ 1,500 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: March 31, 2020 30 to 59 Days Past Due 60 to 89 Days Past Due 90 Days and Greater Past Due Total Past Due Current Total Loans Recorded Investment > 90 Days and Accruing Commercial and industrial $ 73 $ 49 $ 356 $ 478 $ 296,685 $ 297,163 $ — Real estate: Construction and development 1,369 — — 1,369 262,604 263,973 — Commercial real estate 8,285 340 9,139 17,764 567,119 584,883 150 Farmland 263 238 49 550 78,085 78,635 — 1-4 family residential 2,823 712 471 4,006 396,599 400,605 — Multi-family residential — — — — 20,430 20,430 — Consumer 566 103 72 741 52,255 52,996 — Agricultural 10 7 29 46 19,268 19,314 — Overdrafts — — — — 354 354 — Total $ 13,389 $ 1,449 $ 10,116 $ 24,954 $ 1,693,399 $ 1,718,353 $ 150 December 31, 2019 30 to 59 Days Past Due 60 to 89 Days Past Due 90 Days and Greater Past Due Total Past Due Current Total Loans Recorded Investment > 90 Days and Accruing Commercial and industrial $ 321 $ 53 $ 15 $ 389 $ 279,194 $ 279,583 $ — Real estate: Construction and development 161 — — 161 280,337 280,498 — Commercial real estate 1,181 49 882 2,112 565,248 567,360 — Farmland 103 — — 103 57,373 57,476 — 1-4 family residential 2,514 1,433 845 4,792 407,374 412,166 — Multi-family residential — — — — 37,379 37,379 — Consumer 373 152 96 621 52,624 53,245 — Agricultural 51 67 — 118 18,241 18,359 — Overdrafts — — — — 329 329 — Total $ 4,704 $ 1,754 $ 1,838 $ 8,296 $ 1,698,099 $ 1,706,395 $ — 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: March 31, 2020 December 31, 2019 Nonaccrual TDRs $ 97 $ 101 Performing TDRs 7,220 7,240 Total $ 7,317 $ 7,341 Specific reserves on TDRs $ — $ 164 There were no loans modified as TDRs that occurred during the three months ended March 31, 2020 and 2019. The following table presents loans by class, modified as TDRs that occurred during the year ended December 31, 2019: Year Ended December 31, 2019 Number of Contracts Pre-Modification Outstanding Recorded Investment Post-Modification Outstanding Recorded Investment Troubled Debt Restructurings: Commercial real estate 4 $ 1,680 $ 1,515 Total 4 $ 1,680 $ 1,515 There were two TDRs that subsequently defaulted during 2019 and remained on nonaccrual status as of December 31, 2019. The TDRs described above did not increase the allowance for loan losses and resulted in no charge-offs during the year ended December 31, 2019. The following table presents loans individually and collectively evaluated for impairment, and the respective allowance for loan losses as of December 31, 2019, as determined in accordance with ASC 310 prior to the adoption of ASC 326. A loan was considered impaired when, based on current information and events, it was probable that the Company would be unable to collect all amounts due from the borrower in accordance with original contractual terms of the loan. Loans with insignificant delays or insignificant short falls in the amount payments expected to be collected were not considered to be impaired. Loans defined as individually impaired included larger balance non-performing loans and TDRs. December 31, 2019 Unpaid Principal Balance Recorded Investment Related Allowance Average Recorded Investment With no related allowance recorded: Commercial and industrial $ 289 $ 289 $ — $ 312 Real estate: Construction and development 1,212 1,212 — 1,259 Commercial real estate 4,612 4,612 — 4,244 Farmland — — — — 1-4 family residential 2,498 2,498 — 1,798 Multi-family residential — — — — Consumer — — — — Agricultural 62 62 — 190 Subtotal 8,673 8,673 — 7,803 With allowance recorded: Commercial and industrial — — — 61 Real estate: Construction and development — — — - Commercial real estate 12,871 12,871 1,587 9,111 Farmland 133 133 62 135 1-4 family residential — — — 78 Multi-family residential — — — — Consumer — — — — Agricultural — — — — Subtotal 13,004 13,004 1,649 9,385 Total $ 21,677 $ 21,677 $ 1,649 $ 17,188

SECURITIES SOLD UNDER AGREEMENT

SECURITIES SOLD UNDER AGREEMENTS TO REPURCHASE AND OTHER DEBT	3 Months Ended
	Mar. 31, 2020
Debt Disclosure [Abstract]
SECURITIES SOLD UNDER AGREEMENTS TO REPURCHASE AND OTHER DEBT	NOTE 4 - SECURITIES SOLD UNDER AGREEMENTS TO REPURCHASE AND OTHER DEBT At March 31, 2020 and December 31, 2019, securities sold under agreements to repurchase totaled $11,843 and $11,100, respectively. The Company has an unsecured $25,000 revolving line of credit, which had a $20,000 outstanding balance at March 31, 2020, bears interest at the prime rate of 3.25%, with interest payable quarterly, and matures in March 2021. Federal Home Loan Bank (FHLB) advances, as of March 31, 2020, were as follows: Fixed rate advances, with monthly interest payments, principal due in: Year Current Weighted Average Rate Principal Due 2020 0.62 % $ 61,500 2021 1.87 % 1,500 2022 1.99 % 1,500 2023 — — 2024 1.76 % 6,000 70,500 Fixed rate advances, with monthly principal and interest payments, principal due in: Year Current Weighted Average Rate Principal Due 2021 1.38 % 114 $ 70,614 NOTE 5 - SUBORDINATED DEBENTURES Subordinated debentures are made up of the following as of: March 31, 2020 December 31, 2019 Trust II Debentures $ 3,093 $ 3,093 Trust III Debentures 2,062 2,062 DCB Trust I Debentures 5,155 5,155 Other debentures 500 500 $ 10,810 $ 10,810 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 March 31, 2020 and December 31, 2019. 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 Debentures 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%, thereafter. 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, but not more than 60 days’ notice, in whole or in part, at a redemption price equal to 100% of the principal amount to be redeemed, plus accrued interest to the date of redemption. 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, but not more than 60 days’ notice, in whole or in part, at a redemption price equal to 100% of the principal amount to be redeemed, plus accrued interest to the date of redemption. 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, but not more than 60 days’ notice, in whole or in part, at a redemption price equal to 100% of the principal amount to be redeemed, plus accrued interest to the date of redemption. Other Debentures In December 2015, the Company issued $5,000 in debentures, of which $2,500 were issued to directors and other related parties. In May 2017, $2,000 of the related party debentures were repaid with a portion of the proceeds of Guaranty’s initial public offering. A further $1,000 of other debentures matured and were paid off in full in July of 2018 and another $1,000 and $500 of debentures matured and were paid off in full in July and December of 2019, respectively. The remaining $ 500 debenture was issued at par value of $ 500 with a rate of 5.00 % and maturity date of July 1, 2020 . 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 rede emed, plus all accrued interest.

SUBORDINATED DEBENTURES

SUBORDINATED DEBENTURES	3 Months Ended
	Mar. 31, 2020
Debt Disclosure [Abstract]
SECURITIES SOLD UNDER AGREEMENTS TO REPURCHASE AND OTHER DEBT	NOTE 4 - SECURITIES SOLD UNDER AGREEMENTS TO REPURCHASE AND OTHER DEBT At March 31, 2020 and December 31, 2019, securities sold under agreements to repurchase totaled $11,843 and $11,100, respectively. The Company has an unsecured $25,000 revolving line of credit, which had a $20,000 outstanding balance at March 31, 2020, bears interest at the prime rate of 3.25%, with interest payable quarterly, and matures in March 2021. Federal Home Loan Bank (FHLB) advances, as of March 31, 2020, were as follows: Fixed rate advances, with monthly interest payments, principal due in: Year Current Weighted Average Rate Principal Due 2020 0.62 % $ 61,500 2021 1.87 % 1,500 2022 1.99 % 1,500 2023 — — 2024 1.76 % 6,000 70,500 Fixed rate advances, with monthly principal and interest payments, principal due in: Year Current Weighted Average Rate Principal Due 2021 1.38 % 114 $ 70,614 NOTE 5 - SUBORDINATED DEBENTURES Subordinated debentures are made up of the following as of: March 31, 2020 December 31, 2019 Trust II Debentures $ 3,093 $ 3,093 Trust III Debentures 2,062 2,062 DCB Trust I Debentures 5,155 5,155 Other debentures 500 500 $ 10,810 $ 10,810 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 March 31, 2020 and December 31, 2019. 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 Debentures 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%, thereafter. 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, but not more than 60 days’ notice, in whole or in part, at a redemption price equal to 100% of the principal amount to be redeemed, plus accrued interest to the date of redemption. 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, but not more than 60 days’ notice, in whole or in part, at a redemption price equal to 100% of the principal amount to be redeemed, plus accrued interest to the date of redemption. 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, but not more than 60 days’ notice, in whole or in part, at a redemption price equal to 100% of the principal amount to be redeemed, plus accrued interest to the date of redemption. Other Debentures In December 2015, the Company issued $5,000 in debentures, of which $2,500 were issued to directors and other related parties. In May 2017, $2,000 of the related party debentures were repaid with a portion of the proceeds of Guaranty’s initial public offering. A further $1,000 of other debentures matured and were paid off in full in July of 2018 and another $1,000 and $500 of debentures matured and were paid off in full in July and December of 2019, respectively. The remaining $ 500 debenture was issued at par value of $ 500 with a rate of 5.00 % and maturity date of July 1, 2020 . 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 rede emed, plus all accrued interest.

EQUITY AWARDS

EQUITY AWARDS	3 Months Ended
	Mar. 31, 2020
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 1,000,000 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 three months ended March 31, 2020 and 2019 follows: Three Months Ended March 31, 2020 Number of Shares Weighted- Average Exercise Price Weighted- Average Remaining Contractual Life in Years Aggregate Intrinsic Value Outstanding at beginning of year 508,000 $ 26.68 6.24 $ 3,159 Granted 23,000 29.00 9.84 11 Exercised (3,000 ) 24.00 2.54 — Forfeited (24,400 ) 31.72 8.46 — Balance, March 31, 2020 503,600 $ 26.55 6.07 $ 21 Exercisable at end of period 260,880 $ 25.26 5.01 $ 7 Three Months Ended March 31, 2019 Number of Shares Weighted- Average Exercise Price Weighted- Average Remaining Contractual Life in Years Aggregate Intrinsic Value Outstanding at beginning of year 537,872 $ 26.49 6.96 $ 2,088 Granted 19,000 29.80 9.90 — Exercised (19,172 ) 25.08 6.14 79 Forfeited (16,400 ) 28.90 8.49 27 Balance, March 31, 2019 521,300 $ 26.59 6.79 $ 1,745 Exercisable at end of period 194,140 $ 24.52 5.41 $ 938 A summary of nonvested stock option activity in the Plan during the three months ended March 31, 2020 and 2019 follows: Three Months Ended March 31, 2020 Number of Shares Weighted- Average Exercise Price Weighted- Average Remaining Contractual Life in Years Aggregate Intrinsic Value Outstanding at beginning of year 251,120 $ 28.18 7.31 $ 1,188 Granted 23,000 29.00 9.84 11 Vested (8,200 ) 27.45 7.19 — Forfeited (23,200 ) 33.36 8.90 — Balance, March 31, 2020 242,720 $ 27.94 7.19 $ 13 Three Months Ended March 31, 2019 Number of Shares Weighted- Average Exercise Price Weighted- Average Remaining Contractual Life in Years Aggregate Intrinsic Value Outstanding at beginning of year 331,560 $ 27.74 7.77 $ 975 Granted 19,000 29.80 9.90 — Vested (7,000 ) 27.13 7.81 22 Forfeited (16,400 ) 28.90 8.49 27 Balance, March 31, 2019 327,160 $ 27.81 7.61 $ 807 Information related to stock options in the Plan is as follows for the three months ended: March 31, 2020 March 31, 2019 Intrinsic value of options exercised $ — $ 79 Cash received from options exercised 72 481 Weighted average fair value of options granted 5.62 5.21 Restricted Stock Awards and Units A summary of restricted stock activity in the Plan during the three months ended March 31, 2020 and 2019 follows: Three Months Ended March 31, 2020 Number of Shares Weighted-Average Grant Date Fair Value Outstanding at beginning of year 31,459 $ 30.29 Granted — — Vested (6,100 ) 30.25 Forfeited — — Balance, March 31, 2020 25,359 $ 30.29 Three Months Ended March 31, 2019 Number of Shares Weighted-Average Grant Date Fair Value Outstanding at beginning of year 1,439 $ 31.57 Granted 30,500 30.25 Vested — — Forfeited — — Balance, March 31, 2019 31,939 $ 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 March 31, 2020, there was $1,897 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 3.32 years. The Company granted options under the Plan during the first three months of 2020 and 2019. Expense of $155 and $137 was recorded during the three months ended March 31, 2020 and 2019, respectively,

EMPLOYEE BENEFITS

EMPLOYEE BENEFITS	3 Months Ended
	Mar. 31, 2020
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 three months ended March 31, 2020 and 2019 totaled $383 and $343, 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 March 31, 2020 and December 31, 2019, the number of shares held by the KSOP were 1,227,096 and 1,224,697, respectively. There were no unallocated shares to plan participants as of March 31, 2020 or as of December 31, 2019. All shares held by the KSOP were treated as outstanding at each of the respective period ends. 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 $34,713 and $34,495 as of March 31, 2020 and December 31, 2019, respectively. Expense related to these plans totaled $296 and $285 for the three months ended March 31, 2020 and 2019, respectively, and $602 for the year ended December 31, 2019. This expense is included in employee compensation and benefits on the Company’s consolidated statements of earnings. The recorded liability totaled approximately $4,337 and $4,081 as of March 31, 2020 and December 31, 2019, 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 three months ended March 31, 2020 and 2019 totaled $478 and $715 , respectively, and $3,265 for the year ended December 31, 2019 . This expense is included in employee compensation and benefits on the consolidated statements of earnings.

LEASES

LEASES	3 Months Ended
	Mar. 31, 2020
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 15 years. Some of the Company’s operating leases include options to extend the leases for up to 7 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 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 March 31, 2020, operating lease right-of-use assets were $11,230 and liabilities were $11,385 and were included within the accompanying consolidated balance sheets as components of other assets and other liabilities, respectively. Operating lease expense for operating leases accounted for under ASC 842 for the three months ended March 31, 2020 and 2019 was approximately $477 and $418, 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: March 31, 2020 December 31, 2019 Operating leases Operating lease right-of-use assets $ 11,230 $ 11,554 Operating lease liabilities 11,385 11,675 Weighted average remaining lease term Operating leases 10 years 10 years Weighted average discount rate Operating leases 2.68 % 2.69 % 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 March 31, 2020, are as follows: Year Ended December 31, Amount 2020 $ 1,379 2021 1,430 2022 1,323 2023 1,314 2024 1,312 Thereafter 6,312 Total lease payments 13,070 Less: interest (1,685 ) Present value of lease liabilities $ 11,385

INCOME TAXES

INCOME TAXES	3 Months Ended
	Mar. 31, 2020
Income Tax Disclosure [Abstract]
INCOME TAXES	NOTE 9 - INCOME TAXES Income tax expense was as follows for: Three Months Ended March 31, 2020 2019 Income tax expense for the period $ 1,445 $ 1,187 Effective tax rate 18.71 % 18.19 % The effective tax rates differ from the statutory federal tax rate of 21%

DERIVATIVE FINANCIAL INSTRUMENT

DERIVATIVE FINANCIAL INSTRUMENTS	3 Months Ended
	Mar. 31, 2020
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 March 31, 2020 and December 31, 2019, were designated as cash flow hedges of the debentures and $40,000 as of March 31, 2020 were designated as cash flow hedges of the FHLB advances. The cash flow hedges were determined to be fully effective during all periods presented. As such, no amount of ineffectiveness has been included in net income. Therefore, 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 amount included in accumulated other comprehensive income would be reclassified to current earnings should the hedges no longer be considered effective. The Company expects the hedges to remain fully effective during the remaining terms of the swaps. The information pertaining to outstanding interest rate swap agreements used to hedge floating rate debentures and FHLB advances was as follows as of: March 31, 2020 Notional Amount Pay Rate Receive Rate Effective Date Maturity in Years Unrealized Losses $ 2,000 5.979 % 3 month LIBOR plus 1.67% 10/1/2016 6.00 $ 457 $ 3,000 7.505 % 3 month LIBOR plus 3.35% 10/30/2012 2.58 $ 287 $ 15,000 0.668 % 3 month LIBOR 3/18/2020 2.97 $ 113 $ 15,000 0.790 % 3 month LIBOR 3/18/2020 4.97 $ 224 $ 10,000 0.530 % 3 month LIBOR 3/23/2020 2.98 $ 31 December 31, 2019 Notional Amount Pay Rate Receive Rate Effective Date Maturity in Years Unrealized Losses $ 2,000 5.979 % 3 month LIBOR plus 1.67% 10/1/2016 6.25 $ 314 $ 3,000 7.505 % 3 month LIBOR plus 3.35% 10/30/2012 2.83 $ 212 Interest expense recorded on these swap transactions totaled $137 and $169 during the three months ended March 31, 2020 and 2019, respectively, and $648 for the year ended December 31, 2019. This expense is reported as a component of interest expense on the debentures. At March 31, 2020, the Company expected none of the unrealized loss to be reclassified as a reduction of interest expense during the remainder of 2020.

COMMITMENTS AND CONTINGENCIES

COMMITMENTS AND CONTINGENCIES	3 Months Ended
	Mar. 31, 2020
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 March 31, 2020 and December 31, 2019. 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 March 31, 2020 and December 31, 2019 , 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 March 31, 2020 December 31, 2019 Commitments to extend credit $ 411,087 $ 440,685 Letters of credit 8,463 9,054 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 March 31, 2020, the Company had letters of credit of $6,800 pledged to secure public deposits, repurchase agreements, and for other purposes required or permitted by law.

REGULATORY MATTERS

REGULATORY MATTERS	3 Months Ended
	Mar. 31, 2020
Banking And Thrift [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 March 31, 2020 and December 31, 2019, 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 I” (“CETI”), (ii) specified that Tier I capital consist of CETI and “Additional Tier I Capital” instruments meeting specified requirements, (iii) defined CETI narrowly by requiring that most deductions/adjustments to regulatory capital measures be made to CETI and not to the other components of capital and (iv) expanded the scope of the deductions/adjustments as compared to existing regulations. Starting in January 2016, the implementation of the capital conservation buffer was effective for the Company starting at the 0.625% level and increasing 0.625% each year thereafter, until it reached 2.5% on January 1, 2019. The capital conservation buffer is designed to absorb losses during periods of economic stress and effectively increases the minimum required risk-weighted capital ratios. As of March 31, 2020 and December 31, 2019, 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, CETI, Tier 1 risk-based and Tier I leverage ratios as set forth in the table. There are no conditions or events since March 31, 2020 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 I capital, net of goodwill, the rules permit the inclusion of $10,310 of trust preferred securities in Tier I capital as of March 31, 2020 and December 31, 2019, Additionally, the rules provide that trust preferred securities would no longer qualify for Tier I 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 For Capital Adequacy Purposes Minimum Required Under Basel III Fully Phased-In To Be Well Capitalized Under Prompt Corrective Action Provisions Amount Ratio Amount Ratio Amount Ratio Amount Ratio March 31, 2020 Total capital to risk-weighted assets: Consolidated $ 249,729 12.65% $ 157,988 8.00% $ 207,359 10.50% n/a Bank 268,880 13.62% 157,988 8.00% 207,359 10.50% $ 197,485 10.00% Tier 1 capital to risk-weighted assets: Consolidated 227,781 11.53% 118,491 6.00% 167,862 8.50% n/a Bank 246,932 12.50% 118,491 6.00% 167,862 8.50% 157,988 8.00% Tier 1 capital to average assets: (1) Consolidated 227,781 9.97% 91,421 4.00% 91,421 4.00% n/a Bank 246,932 10.80% 91,424 4.00% 91,424 4.00% 114,280 5.00% Common equity tier 1 capital to risk-weighted assets: Consolidated 217,471 11.01% 88,868 4.50% 138,239 7.00% n/a Bank 246,932 12.50% 88,868 4.50% 138,239 7.00% 128,365 6.50% (1) The Tier 1 capital ratio (to average assets) is not impacted by the Basel III Capital Rules; however, the Federal Reserve Board 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 For Capital Adequacy Purposes Minimum Required Under Basel III Fully Phased-In To Be Well Capitalized Under Prompt Corrective Action Provisions Amount Ratio Amount Ratio Amount Ratio Amount Ratio December 31, 2019 Total capital to risk-weighted assets: Consolidated $ 253,793 13.29% $ 152,770 8.00% $ 200,510 10.50% n/a Bank 249,643 13.07% 152,774 8.00% 200,516 10.50% $ 190,968 10.00% Tier 1 capital to risk-weighted assets: Consolidated 237,591 12.44% 114,577 6.00% 162,318 8.50% n/a Bank 233,441 12.22% 114,581 6.00% 162,322 8.50% 152,774 8.00% Tier 1 capital to average assets: Consolidated 237,591 10.29% 92,318 4.00% 92,318 4.00% n/a Bank 233,441 10.11% 92,321 4.00% 92,321 4.00% 115,401 5.00% Common equity tier 1 capital to risk-weighted assets: Consolidated 227,281 11.90% 85,933 4.50% 133,674 7.00% n/a Bank 233,441 12.22% 85,935 4.50% 133,677 7.00% 124,129 6.50% 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	3 Months Ended
	Mar. 31, 2020
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 Impaired Loans Other Real Estate Owned The following tables summarize quantitative disclosures about the fair value measurements for each category of financial assets (liabilities) carried at fair value: As of March 31, 2020 Fair Value Quoted Prices in Active Markets for Identical Assets (Level 1) Significant Other Observable Inputs (Level 2) Significant Other Unobservable Inputs (Level 3) Assets (liabilities) at fair value on a recurring basis: Available for sale securities: Mortgage-backed securities $ 96,420 $ — $ 96,420 $ — Collateralized mortgage obligations 87,404 — 87,404 — Municipal securities 173,549 — 173,549 — Corporate bonds 19,689 — 19,689 — Loans held for sale 4,024 — — 4,024 Cash surrender value of life insurance 34,713 — 34,713 — SBA servicing assets 713 — — 713 Derivative instrument assets 1,112 — 1,112 — Derivative instrument liabilities (1,112 ) — (1,112 ) — As of December 31, 2019 Fair Value Quoted Prices in Active Markets for Identical Assets (Level 1) Significant Other Observable Inputs (Level 2) Significant Other Unobservable Inputs (Level 3) Assets (liabilities) at fair value on a recurring basis: Available for sale securities: Mortgage-backed securities $ 84,182 $ — $ 84,182 $ — Collateralized mortgage obligations 90,927 — 90,927 — Municipal securities 17,348 — 17,348 — Corporate bonds 20,259 — 20,259 — Loans held for sale 2,368 — — 2,368 Cash surrender value of life insurance 34,495 — 34,495 — SBA servicing assets 672 — — 672 Derivative instrument assets 526 — 526 — Derivative instrument liabilities (526 ) — (526 ) — Assets at fair value on a nonrecurring basis: Impaired loans 20,028 — — 20,028 There were no transfers between Level 2 and Level 3 during the three months ended March 31, 2020 or for the year ended December 31, 2019. Nonfinancial Assets and Nonfinancial Liabilities Nonfinancial assets measured at fair value on a nonrecurring basis during the three months ended March 31, 2020 and 2019 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: March 31, 2020 December 31, 2019 March 31, 2019 Other real estate owned remeasured at initial recognition: Carrying value of other real estate owned prior to remeasurement $ 176 $ 147 $ 130 Charge-offs recognized in the allowance for credit losses (66 ) (11 ) (6 ) Fair value of other real estate owned remeasured at initial recognition $ 110 $ 136 $ 124 Other real estate owned remeasured subsequent to initial recognition: Carrying value of other real estate owned prior to remeasurement $ 6 $ 35 $ — Write-downs included in collection and other real estate owned expense (2 ) (10 ) — Fair value of other real estate owned remeasured subsequent to initial recognition $ 4 $ 25 $ — The following table presents quantitative information about nonrecurring Level 3 fair value measurements as of: Fair Value Valuation Technique(s) Unobservable Input(s) Range (Weighted Average) March 31, 2020 Other real estate owned $ 605 Appraisal value of collateral Selling costs or other normal adjustments 10%-20% (16%) . Fair Value Valuation Technique(s) Unobservable Input(s) Range (Weighted Average) December 31, 2019 Impaired loans $ 20,028 Fair value of collateral - sales comparison approach Selling costs or other normal adjustments: Real estate Equipment 10%-20% (16%) 10%-20% (19%) Other real estate owned $ 603 Appraisal value of collateral Selling costs or other normal adjustments 10%-20% (16%) The following table presents information on individually evaluated collateral dependent loans as of March 31, 2020: Fair Value Measurements Using Level 1 Level 2 Level 3 Total Fair Value Commercial and industrial $ — $ — $ 118 $ 118 Real estate: Construction and development — — 531 531 Commercial real estate — — 8,277 8,277 Farmland — — — — 1-4 family residential — — — — Multi-family residential — — — — Consumer — — — — Agricultural — — — — Overdrafts Total $ — $ — $ 8,926 $ 8,926 The carrying amounts and estimated fair values of financial instruments not previously discussed in this note, as of March 31, 2020 and December 31, 2019, are as follows: Fair value measurements as of March 31, 2020 using: Carrying Amount Level 1 Inputs Level 2 Inputs Level 3 Inputs Total Fair Value Financial assets: Cash, due from banks, federal funds sold and interest-bearing deposits $ 146,928 $ 146,928 $ — $ — $ 146,928 Loans, net 1,696,861 — — 1,715,503 1,715,503 Accrued interest receivable 8,148 — 8,148 — 8,148 Nonmarketable equity securities 12,323 — 12,323 — 12,323 Financial liabilities: Deposits $ 2,000,426 $ 1,497,464 $ 507,364 $ — $ 2,004,828 Securities sold under repurchase agreements 11,843 — 11,843 — 11,843 Accrued interest payable 1,410 — 1,410 — 1,410 Federal Home Loan Bank advances 70,614 — 70,874 — 70,874 Subordinated debentures 10,810 — 8,360 — 8,360 Fair value measurements as of December 31, 2019 using: Carrying Amount Level 1 Inputs Level 2 Inputs Level 3 Inputs Total Fair Value Financial assets: Cash, due from banks, federal funds sold and interest-bearing deposits $ 90,714 $ 90,714 $ — $ — $ 90,714 Marketable securities held to maturity 155,458 — 160,460 — 160,460 Loans, net 1,690,794 — — 1,705,155 1,705,155 Accrued interest receivable 9,151 — 9,151 — 9,151 Nonmarketable equity securities 12,301 — 12,301 — 12,301 Financial liabilities: Deposits $ 1,956,804 $ 1,438,509 $ 520,469 $ — $ 1,958,978 Securities sold under repurchase agreements 11,100 — 11,100 — 11,100 Accrued interest payable 1,642 — 1,642 — 1,642 Federal Home Loan Bank advances 55,118 — 55,125 — 55,125 Subordinated debentures 10,810 — 8,677 — 8,677 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. 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	3 Months Ended
	Mar. 31, 2020
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 March 31, 2020 2019 Numerator: Net earnings (basic) $ 6,278 $ 5,337 Net earnings (diluted) $ 6,278 $ 5,337 Denominator: Weighted-average shares outstanding (basic) 11,432,391 11,815,966 Effect of dilutive securities: Common stock equivalent shares from stock options — 43,492 Weighted-average shares outstanding (diluted) (1) 11,432,391 11,859,458 Net earnings per share Basic $ 0.55 $ 0.45 Diluted $ 0.55 $ 0.45 (1) Outstanding options and the closing price of the Company's stock as of March 31, 2020 had an anti-dilutive effect on the weighted-average common shares outstanding for the quarter ended March 31, 2020; therefore, the effect of their conversion has been excluded from the calculation of the diluted weighted-average common shares outstanding for the period. The diluted EPS has been calculated using the basic weighted-average shares outstanding in order to comply with GAAP.

SUMMARY OF SIGNIFICANT ACCOUN_2

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	3 Months Ended
	Mar. 31, 2020
Accounting Policies [Abstract]
Basis of Presentation	Basis of Presentation : The consolidated financial statements in this Quarterly Report on Form 10-Q (this “Report”) include the accounts of Guaranty, the Bank, and their respective other direct and indirect subsidiaries and any other entities in which Guaranty has a controlling interest. The Bank has six wholly-owned non-bank subsidiaries, Guaranty Company, Inc., G B COM, INC., 2800 South Texas Avenue LLC, Pin Oak Realty Holdings, Inc., Pin Oak Energy Holdings, LLC and White Oak Aviation, LLC. All significant intercompany balances and transactions have been eliminated in consolidation. The accounting and financial reporting policies followed by the Company conform, in all material respects, to accounting principles generally accepted in the United States of America (“GAAP”) and to general practices within the financial services industry. 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, 2019, included in Guaranty’s Annual Report on Form 10-K for the year ended December 31, 2019. 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 is 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 are currently being negotiated. Due to the COVID-19 pandemic, market interest rates have declined significantly, with the 10-year Treasury bond falling below 1.00% on March 3, 2020 for the first time. On March 3, 2020, the Federal Open Market Committee reduced the target federal funds rate by 50 basis points to 1.00% to 1.25%, and this rate was further reduced to a rate target range of 0.00% to 0.25% on March 16, 2020. 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, economic uncertainties have arisen which are likely to negatively impact net interest income and noninterest income. Other financial impacts could occur though such potential impact is unknown at this time.
Recent Accounting Pronouncements	Recent Accounting Pronouncements : In January 2017, the FASB issued ASU 2017-04, Intangibles - Goodwill and Other (Topic 350) 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 the Current Expected Credit Losses (CECL) standard (Accounting Standards Update 2016-13 or ASC 326) on January 1, 2020. The day one impact of adopting CECL resulted in an allowance increase of $4,548, or 28.1%, from December 31, 2019. The day one increase was primarily due to recognizing expected lifetime losses in the portfolio and adding an economic forecast based upon our assumptions on January 1, 2020. Subsequent to the day one effect, there was a $1,400 provision for loan losses in the first quarter of 2020, compared to no provision recorded in the fourth quarter of 2019 and $575 in the first quarter of 2019. The $1,400 provision this quarter consists of approximately $900 that we recorded as a result of COVID-19 specifically and the remaining $500 was calculated using our standard CECL methodology. 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 while prior period amounts continue to be reported in accordance with previously applicable GAAP. The Company recorded a decrease to retained earnings of $4,548, 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 seg ment) 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 separate segments for our mortgage warehouse loans, for our internally originated SBA loans and for our SBA loans acquired from Westbound Bank in 2018. 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. 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 Program Loans 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 he is 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. 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.

MARKETABLE SECURITIES (Tables)

MARKETABLE SECURITIES (Tables)	3 Months Ended
	Mar. 31, 2020
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 March 31, 2020, and the amortized cost and fair value of securities held to maturity and available for sale, respectively, as of December 31, 2019 and the corresponding amounts of gross unrealized gains and losses: March 31, 2020 Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Estimated Fair Value Available for sale: Corporate bonds $ 19,648 $ 144 $ 103 $ 19,689 Municipal securities 170,561 3,276 288 173,549 Mortgage-backed securities 93,979 2,508 67 96,420 Collateralized mortgage obligations 87,001 487 84 87,404 Total available for sale $ 371,189 $ 6,415 $ 542 $ 377,062 December 31, 2019 Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Estimated Fair Value Available for sale: Corporate bonds $ 19,667 $ 592 $ — $ 20,259 Municipal securities 16,780 576 8 17,348 Mortgage-backed securities 83,967 550 335 84,182 Collateralized mortgage obligations 89,798 1,146 17 90,927 Total available for sale $ 210,212 $ 2,864 $ 360 $ 212,716 Held to maturity: Municipal securities $ 138,416 $ 4,710 $ 3 $ 143,123 Mortgage-backed securities 14,365 198 13 14,550 Collateralized mortgage obligations 2,677 110 — 2,787 Total held to maturity $ 155,458 $ 5,018 $ 16 $ 160,460
Schedule of Securities with Gross Unrealized Losses	Information pertaining to securities with gross unrealized losses as of March 31, 2020, for which no allowance for credit losses has been recorded, and December 31, 2019, 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 March 31, 2020 Gross Unrealized Losses Estimated Fair Value Gross Unrealized Losses Estimated Fair Value Gross Unrealized Losses Estimated Fair Value Available for sale: Corporate bonds $ (103 ) $ 11,430 $ — $ — $ (103 ) $ 11,430 Municipal securities (288 ) 28,772 — — (288 ) 28,772 Mortgage-backed securities (13 ) 4,233 (54 ) 5,840 (67 ) 10,073 Collateralized mortgage obligations (66 ) 26,914 (18 ) 2,261 (84 ) 29,175 Total available for sale $ (470 ) $ 71,349 $ (72 ) $ 8,101 $ (542 ) $ 79,450 Less Than 12 Months 12 Months or Longer Total December 31, 2019 Gross Unrealized Losses Estimated Fair Value Gross Unrealized Losses Estimated Fair Value Gross Unrealized Losses Estimated Fair Value Available for sale: Corporate bonds $ — $ — $ — $ — $ — $ — Municipal securities (8 ) 1,138 — — (8 ) 1,138 Mortgage-backed securities (25 ) 19,421 (310 ) 42,116 (335 ) 61,537 Collateralized mortgage obligations — — (17 ) 2,594 (17 ) 2,594 Total available for sale $ (33 ) $ 20,559 $ (327 ) $ 44,710 $ (360 ) $ 65,269 Held to maturity: Municipal securities $ (1 ) $ 1,313 $ (2 ) $ 759 $ (3 ) $ 2,072 Mortgage-backed securities — — (13 ) 7,032 (13 ) 7,032 Collateralized mortgage obligations — — — — — — Total held to maturity $ (1 ) $ 1,313 $ (15 ) $ 7,791 $ (16 ) $ 9,104
Investments Classified by Contractual Maturity Date	The contractual maturities at March 31, 2020 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 March 31, 2020 Amortized Cost Estimated Fair Value Due within one year $ 5,095 $ 5,115 Due after one year through five years 51,142 51,724 Due after five years through ten years 51,401 52,805 Due after ten years 82,571 83,594 Mortgage-backed securities 93,979 96,420 Collateralized mortgage obligations 87,001 87,404 Total securities $ 371,189 $ 377,062

LOANS AND ALLOWANCE FOR CREDI_2

LOANS AND ALLOWANCE FOR CREDIT LOSSES (Tables)	3 Months Ended
	Mar. 31, 2020
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: March 31, 2020 December 31, 2019 Commercial and industrial $ 297,163 $ 279,583 Real estate: Construction and development 263,973 280,498 Commercial real estate 584,883 567,360 Farmland 78,635 57,476 1-4 family residential 400,605 412,166 Multi-family residential 20,430 37,379 Consumer 52,996 53,245 Agricultural 19,314 18,359 Overdrafts 354 329 Total loans (1) 1,718,353 1,706,395 Net of: Deferred loan costs, net 456 601 Allowance for credit losses (21,948 ) (16,202 ) Total net loans (1) $ 1,696,861 $ 1,690,794 (1) Excludes accrued interest receivable on loans of $6.8 million as of March 31, 2020 and December 31, 2019, which is presented on the consolidated balance sheets.
Schedule of Allowance for Loan 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 three months ended March 31, 2020, and the activity in the allowance for loan loss by portfolio segment for the year ended December 31, 2019 and for the three months ended March 31, 2019: For the Three Months Ended March 31, 2020 Commercial and industrial Construction and development Commercial real estate Farmland 1-4 family residential Multi-family residential Consumer Agricultural Overdrafts Unallocated COVID-19 reserve Total Allowance for credit 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 credit losses 365 (229 ) 447 193 (250 ) (170 ) 85 11 35 — 487 Provision for credit losses - COVID-19 — 106 233 3 — — — — — 571 913 Loans charged-off (43 ) — — — (59 ) — (73 ) — (49 ) — (224 ) Recoveries — — — — 1 — 7 — 14 — 22 Ending balance $ 2,924 $ 2,578 $ 9,761 $ 792 $ 4,156 $ 189 $ 693 $ 281 $ 3 $ 571 $ 21,948 For the Year Ended December 31, 2019 Commercial and industrial Construction and development Commercial real estate Farmland 1-4 family residential Multi-family residential Consumer Agricultural Overdrafts Total Allowance for loan losses: Beginning balance $ 1,751 $ 1,920 $ 6,025 $ 643 $ 2,868 $ 631 $ 565 $ 238 $ 10 $ 14,651 Provision for loan losses (117 ) 458 827 (73 ) 268 (222 ) (2 ) (41 ) 152 1,250 Loans charged-off (86 ) — — — (14 ) — (72 ) (89 ) (192 ) (453 ) Recoveries 508 — 1 — 3 — 111 89 42 754 Ending balance $ 2,056 $ 2,378 $ 6,853 $ 570 $ 3,125 $ 409 $ 602 $ 197 $ 12 $ 16,202 For the Three Months Ended March 31, 2019 Commercial and industrial Construction and development Commercial real estate Farmland 1-4 family residential Multi-family residential Consumer Agricultural Overdrafts Total Allowance for loan losses: Beginning balance $ 1,751 $ 1,920 $ 6,025 $ 643 $ 2,868 $ 631 $ 565 $ 238 $ 10 $ 14,651 Provision for loan losses 213 81 269 16 7 (56 ) 46 (35 ) 34 575 Loans charged-off (6 ) — — — (6 ) — (17 ) — (49 ) (78 ) Recoveries 5 — — — 1 — 23 — 13 42 Ending balance $ 1,963 $ 2,001 $ 6,294 $ 659 $ 2,870 $ 575 $ 617 $ 203 $ 8 $ 15,190
Summary of Credit Exposure by Internally Assigned Grade	The following table summarizes the credit exposure in the Company’s loan portfolio, by year of origination, as of March 31, 2020: March 31, 2020 2020 2019 2018 2017 2016 Prior Revolving Loans Amortized Cost Total Commercial and industrial: Risk rating Pass $ 89,353 $ 44,914 $ 22,360 $ 9,359 $ 9,586 $ 19,274 $ 101,608 $ 296,454 Special mention — — — — — — — — Substandard — — 218 21 58 — — 297 Nonaccrual — — 28 — 43 191 150 412 Total commercial and industrial loans $ 89,353 $ 44,914 $ 22,606 $ 9,380 $ 9,687 $ 19,465 $ 101,758 $ 297,163 Charge-offs $ — $ — $ (43 ) $ — $ — $ — $ — $ (43 ) Recoveries — — — — — — — — Current period net $ — $ — $ (43 ) $ — $ — $ — $ — $ (43 ) Construction and development: Risk rating Pass $ 29,946 $ 119,807 $ 55,942 $ 28,704 $ 10,867 $ 11,023 $ 5,886 $ 262,175 Special mention — — — — — — — — Substandard — 600 6 — — — — 606 Nonaccrual — 1,192 — — — — — 1,192 Total construction and development loans $ 29,946 $ 121,599 $ 55,948 $ 28,704 $ 10,867 $ 11,023 $ 5,886 $ 263,973 Charge-offs $ — $ — $ — $ — $ — $ — $ — $ — Recoveries — — — — — — — — Current period net $ — $ — $ — $ — $ — $ — $ — $ — Commercial real estate: Risk rating Pass $ 17,610 $ 106,440 $ 101,206 $ 86,620 $ 101,885 $ 137,737 $ 11,921 $ 563,419 Special mention — — — — — 70 — 70 Substandard — — 1,183 617 — 9,358 — 11,158 Nonaccrual — — 158 3,947 5,087 1,044 — 10,236 Total commercial real estate loans $ 17,610 $ 106,440 $ 102,547 $ 91,184 $ 106,972 $ 148,209 $ 11,921 $ 584,883 Charge-offs $ — $ — $ — $ — $ — $ — $ — $ — Recoveries — — — — — — — — Current period net $ — $ — $ — $ — $ — $ — $ — $ — Farmland: Risk rating Pass $ 5,423 $ 14,614 $ 14,202 $ 8,507 $ 11,353 $ 18,649 $ 5,573 $ 78,321 Special mention — — — — — 41 — 41 Substandard — — — — — 97 — 97 Nonaccrual — — — — — 176 — 176 Total farmland loans $ 5,423 $ 14,614 $ 14,202 $ 8,507 $ 11,353 $ 18,963 $ 5,573 $ 78,635 Charge-offs $ — $ — $ — $ — $ — $ — $ — $ — Recoveries — — — — — — — — Current period net $ — $ — $ — $ — $ — $ — $ — $ — March 31, 2020 2020 2019 2018 2017 2016 Prior Revolving Loans Amortized Cost Total 1-4 family residential: Risk rating Pass $ 12,890 $ 81,727 $ 65,493 $ 46,797 $ 53,530 $ 125,807 $ 10,237 $ 396,481 Special mention — — 55 113 — 70 — 238 Substandard — — — — — — — — Nonaccrual — — 383 446 1,031 2,026 — 3,886 Total 1-4 family residential loans $ 12,890 $ 81,727 $ 65,931 $ 47,356 $ 54,561 $ 127,903 $ 10,237 $ 400,605 Charge-offs $ — $ — $ — $ — $ — $ (59 ) $ — $ (59 ) Recoveries — — — — — 1 — 1 Current period net $ — $ — $ — $ — $ — $ (58 ) $ — $ (58 ) Multi-family residential: Risk rating Pass $ 1,304 $ 4,837 $ 3,746 $ 1,515 $ 1,801 $ 6,665 $ 562 $ 20,430 Special mention — — — — — — — — Substandard — — — — — — — — Nonaccrual — — — — — — — — Total multi-family residential loans $ 1,304 $ 4,837 $ 3,746 $ 1,515 $ 1,801 $ 6,665 $ 562 $ 20,430 Charge-offs $ — $ — $ — $ — $ — $ — $ — $ — Recoveries — — — — — — — — Current period net $ — $ — $ — $ — $ — $ — $ — $ — Consumer and overdrafts: Risk rating Pass $ 8,344 $ 20,857 $ 14,693 $ 3,694 $ 1,442 $ 843 $ 3,171 $ 53,044 Special mention — 39 35 3 — — — 77 Substandard — — — — — — — — Nonaccrual — 50 150 23 3 3 — 229 Total consumer loans and overdrafts $ 8,344 $ 20,946 $ 14,878 $ 3,720 $ 1,445 $ 846 $ 3,171 $ 53,350 Charge-offs $ (49 ) $ (17 ) $ (18 ) $ (38 ) $ — $ — $ — $ (122 ) Recoveries 14 — — 4 1 2 — 21 Current period net $ (35 ) $ (17 ) $ (18 ) $ (34 ) $ 1 $ 2 $ — $ (101 ) Agricultural: Risk rating Pass $ 1,532 $ 2,919 $ 3,357 $ 1,146 $ 432 $ 391 $ 9,276 $ 19,053 Special mention — — — 70 — — — 70 Substandard — — — — 85 5 — 90 Nonaccrual — — 69 — 32 — — 101 Total agricultural loans $ 1,532 $ 2,919 $ 3,426 $ 1,216 $ 549 $ 396 $ 9,276 $ 19,314 Charge-offs $ — $ — $ — $ — $ — $ — $ — $ — Recoveries — — — — — — — — Current period net $ — $ — $ — $ — $ — $ — $ — $ — Total loans $ 166,402 $ 397,996 $ 283,284 $ 191,582 $ 197,235 $ 333,470 $ 148,384 $ 1,718,353 Charge-offs $ (49 ) $ (17 ) $ (61 ) $ (38 ) $ — $ (59 ) $ — $ (224 ) Recoveries 14 — — 4 1 3 — 22 Total current period net charge-offs $ (35 ) $ (17 ) $ (61 ) $ (34 ) $ 1 $ (56 ) $ — $ (202 ) The following table summarizes the credit exposure in the Company’s loan portfolio by class as of December 31, 2019: December 31, 2019 Commercial and industrial Construction and development Commercial real estate Farmland 1-4 family residential Multi-family residential Consumer and Overdrafts Agricultural Total Grade: Pass $ 279,217 $ 278,679 $ 548,662 $ 57,152 $ 409,896 $ 37,379 $ 53,327 $ 18,101 $ 1,682,413 Special mention 153 600 1,071 91 1,425 — 192 126 3,658 Substandard 213 1,219 17,627 233 845 — 55 132 20,324 Total $ 279,583 $ 280,498 $ 567,360 $ 57,476 $ 412,166 $ 37,379 $ 53,574 $ 18,359 $ 1,706,395
Schedule 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 ACL, as of March 31, 2020: Real Estate Non-RE Total Allowance for Credit Losses Allocation Commercial and industrial $ 134 $ — $ 134 $ 16 Real estate: Construction and development 600 — 600 69 Commercial real estate 9,692 — 9,692 1,415 Farmland — — — — 1-4 family residential — — — — Multi-family residential — — — — Consumer — 174 174 — Agricultural — 191 191 — Overdrafts — — — — Total $ 10,426 $ 365 $ 10,791 $ 1,500
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: March 31, 2020 30 to 59 Days Past Due 60 to 89 Days Past Due 90 Days and Greater Past Due Total Past Due Current Total Loans Recorded Investment > 90 Days and Accruing Commercial and industrial $ 73 $ 49 $ 356 $ 478 $ 296,685 $ 297,163 $ — Real estate: Construction and development 1,369 — — 1,369 262,604 263,973 — Commercial real estate 8,285 340 9,139 17,764 567,119 584,883 150 Farmland 263 238 49 550 78,085 78,635 — 1-4 family residential 2,823 712 471 4,006 396,599 400,605 — Multi-family residential — — — — 20,430 20,430 — Consumer 566 103 72 741 52,255 52,996 — Agricultural 10 7 29 46 19,268 19,314 — Overdrafts — — — — 354 354 — Total $ 13,389 $ 1,449 $ 10,116 $ 24,954 $ 1,693,399 $ 1,718,353 $ 150 December 31, 2019 30 to 59 Days Past Due 60 to 89 Days Past Due 90 Days and Greater Past Due Total Past Due Current Total Loans Recorded Investment > 90 Days and Accruing Commercial and industrial $ 321 $ 53 $ 15 $ 389 $ 279,194 $ 279,583 $ — Real estate: Construction and development 161 — — 161 280,337 280,498 — Commercial real estate 1,181 49 882 2,112 565,248 567,360 — Farmland 103 — — 103 57,373 57,476 — 1-4 family residential 2,514 1,433 845 4,792 407,374 412,166 — Multi-family residential — — — — 37,379 37,379 — Consumer 373 152 96 621 52,624 53,245 — Agricultural 51 67 — 118 18,241 18,359 — Overdrafts — — — — 329 329 — Total $ 4,704 $ 1,754 $ 1,838 $ 8,296 $ 1,698,099 $ 1,706,395 $ —
Summary of Troubled Debt Restructuring	The outstanding balances of TDRs are shown below: March 31, 2020 December 31, 2019 Nonaccrual TDRs $ 97 $ 101 Performing TDRs 7,220 7,240 Total $ 7,317 $ 7,341 Specific reserves on TDRs $ — $ 164 There were no loans modified as TDRs that occurred during the three months ended March 31, 2020 and 2019. The following table presents loans by class, modified as TDRs that occurred during the year ended December 31, 2019: Year Ended December 31, 2019 Number of Contracts Pre-Modification Outstanding Recorded Investment Post-Modification Outstanding Recorded Investment Troubled Debt Restructurings: Commercial real estate 4 $ 1,680 $ 1,515 Total 4 $ 1,680 $ 1,515
Summary of Loans Individually and Collectively Evaluated for Impairment and Respective Allowance for Loan Losses	The following table presents loans individually and collectively evaluated for impairment, and the respective allowance for loan losses as of December 31, 2019, as determined in accordance with ASC 310 prior to the adoption of ASC 326. A loan was considered impaired when, based on current information and events, it was probable that the Company would be unable to collect all amounts due from the borrower in accordance with original contractual terms of the loan. Loans with insignificant delays or insignificant short falls in the amount payments expected to be collected were not considered to be impaired. Loans defined as individually impaired included larger balance non-performing loans and TDRs. December 31, 2019 Unpaid Principal Balance Recorded Investment Related Allowance Average Recorded Investment With no related allowance recorded: Commercial and industrial $ 289 $ 289 $ — $ 312 Real estate: Construction and development 1,212 1,212 — 1,259 Commercial real estate 4,612 4,612 — 4,244 Farmland — — — — 1-4 family residential 2,498 2,498 — 1,798 Multi-family residential — — — — Consumer — — — — Agricultural 62 62 — 190 Subtotal 8,673 8,673 — 7,803 With allowance recorded: Commercial and industrial — — — 61 Real estate: Construction and development — — — - Commercial real estate 12,871 12,871 1,587 9,111 Farmland 133 133 62 135 1-4 family residential — — — 78 Multi-family residential — — — — Consumer — — — — Agricultural — — — — Subtotal 13,004 13,004 1,649 9,385 Total $ 21,677 $ 21,677 $ 1,649 $ 17,188

SECURITIES SOLD UNDER AGREEME_2

SECURITIES SOLD UNDER AGREEMENTS TO REPURCHASE AND OTHER DEBT (Tables)	3 Months Ended
	Mar. 31, 2020
Debt Disclosure [Abstract]
Schedule of Debt Maturities	Fixed rate advances, with monthly interest payments, principal due in: Year Current Weighted Average Rate Principal Due 2020 0.62 % $ 61,500 2021 1.87 % 1,500 2022 1.99 % 1,500 2023 — — 2024 1.76 % 6,000 70,500 Fixed rate advances, with monthly principal and interest payments, principal due in: Year Current Weighted Average Rate Principal Due 2021 1.38 % 114 $ 70,614

SUBORDINATED DEBENTURES (Tables

SUBORDINATED DEBENTURES (Tables)	3 Months Ended
	Mar. 31, 2020
Debt Disclosure [Abstract]
Schedule of Subordinated Debentures and Other Debentures	Subordinated debentures are made up of the following as of: March 31, 2020 December 31, 2019 Trust II Debentures $ 3,093 $ 3,093 Trust III Debentures 2,062 2,062 DCB Trust I Debentures 5,155 5,155 Other debentures 500 500 $ 10,810 $ 10,810 Trust II Debentures Trust III Debentures DCB Trust I Debentures 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

EQUITY AWARDS (Tables)

EQUITY AWARDS (Tables)	3 Months Ended
	Mar. 31, 2020
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]
Schedule of Stock Option Activity	A summary of stock option activity in the Plan during the three months ended March 31, 2020 and 2019 follows: Three Months Ended March 31, 2020 Number of Shares Weighted- Average Exercise Price Weighted- Average Remaining Contractual Life in Years Aggregate Intrinsic Value Outstanding at beginning of year 508,000 $ 26.68 6.24 $ 3,159 Granted 23,000 29.00 9.84 11 Exercised (3,000 ) 24.00 2.54 — Forfeited (24,400 ) 31.72 8.46 — Balance, March 31, 2020 503,600 $ 26.55 6.07 $ 21 Exercisable at end of period 260,880 $ 25.26 5.01 $ 7 Three Months Ended March 31, 2019 Number of Shares Weighted- Average Exercise Price Weighted- Average Remaining Contractual Life in Years Aggregate Intrinsic Value Outstanding at beginning of year 537,872 $ 26.49 6.96 $ 2,088 Granted 19,000 29.80 9.90 — Exercised (19,172 ) 25.08 6.14 79 Forfeited (16,400 ) 28.90 8.49 27 Balance, March 31, 2019 521,300 $ 26.59 6.79 $ 1,745 Exercisable at end of period 194,140 $ 24.52 5.41 $ 938
Schedule of Nonvested Stock Option Activity	A summary of nonvested stock option activity in the Plan during the three months ended March 31, 2020 and 2019 follows: Three Months Ended March 31, 2020 Number of Shares Weighted- Average Exercise Price Weighted- Average Remaining Contractual Life in Years Aggregate Intrinsic Value Outstanding at beginning of year 251,120 $ 28.18 7.31 $ 1,188 Granted 23,000 29.00 9.84 11 Vested (8,200 ) 27.45 7.19 — Forfeited (23,200 ) 33.36 8.90 — Balance, March 31, 2020 242,720 $ 27.94 7.19 $ 13 Three Months Ended March 31, 2019 Number of Shares Weighted- Average Exercise Price Weighted- Average Remaining Contractual Life in Years Aggregate Intrinsic Value Outstanding at beginning of year 331,560 $ 27.74 7.77 $ 975 Granted 19,000 29.80 9.90 — Vested (7,000 ) 27.13 7.81 22 Forfeited (16,400 ) 28.90 8.49 27 Balance, March 31, 2019 327,160 $ 27.81 7.61 $ 807
Plan Information	Information related to stock options in the Plan is as follows for the three months ended: March 31, 2020 March 31, 2019 Intrinsic value of options exercised $ — $ 79 Cash received from options exercised 72 481 Weighted average fair value of options granted 5.62 5.21
Summary of Restricted Stock Awards and Units Activity	A summary of restricted stock activity in the Plan during the three months ended March 31, 2020 and 2019 follows: Three Months Ended March 31, 2020 Number of Shares Weighted-Average Grant Date Fair Value Outstanding at beginning of year 31,459 $ 30.29 Granted — — Vested (6,100 ) 30.25 Forfeited — — Balance, March 31, 2020 25,359 $ 30.29 Three Months Ended March 31, 2019 Number of Shares Weighted-Average Grant Date Fair Value Outstanding at beginning of year 1,439 $ 31.57 Granted 30,500 30.25 Vested — — Forfeited — — Balance, March 31, 2019 31,939 $ 30.31

LEASES (Tables)

LEASES (Tables)	3 Months Ended
	Mar. 31, 2020
Leases [Abstract]
Schedule of Summarizes Other Information Related to Operating Leases	The table below summarizes other information related to our operating leases as of: March 31, 2020 December 31, 2019 Operating leases Operating lease right-of-use assets $ 11,230 $ 11,554 Operating lease liabilities 11,385 11,675 Weighted average remaining lease term Operating leases 10 years 10 years Weighted average discount rate Operating leases 2.68 % 2.69 %
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 March 31, 2020, are as follows: Year Ended December 31, Amount 2020 $ 1,379 2021 1,430 2022 1,323 2023 1,314 2024 1,312 Thereafter 6,312 Total lease payments 13,070 Less: interest (1,685 ) Present value of lease liabilities $ 11,385

INCOME TAXES (Tables)

INCOME TAXES (Tables)	3 Months Ended
	Mar. 31, 2020
Income Tax Disclosure [Abstract]
Schedule of Income Tax Expense and Effective Tax Rate	Income tax expense was as follows for: Three Months Ended March 31, 2020 2019 Income tax expense for the period $ 1,445 $ 1,187 Effective tax rate 18.71 % 18.19 %

DERIVATIVE FINANCIAL INSTRUME_2

DERIVATIVE FINANCIAL INSTRUMENTS (Tables)	3 Months Ended
	Mar. 31, 2020
Derivative Instruments And Hedging Activities Disclosure [Abstract]
Schedule of Interest Rates 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: March 31, 2020 Notional Amount Pay Rate Receive Rate Effective Date Maturity in Years Unrealized Losses $ 2,000 5.979 % 3 month LIBOR plus 1.67% 10/1/2016 6.00 $ 457 $ 3,000 7.505 % 3 month LIBOR plus 3.35% 10/30/2012 2.58 $ 287 $ 15,000 0.668 % 3 month LIBOR 3/18/2020 2.97 $ 113 $ 15,000 0.790 % 3 month LIBOR 3/18/2020 4.97 $ 224 $ 10,000 0.530 % 3 month LIBOR 3/23/2020 2.98 $ 31 December 31, 2019 Notional Amount Pay Rate Receive Rate Effective Date Maturity in Years Unrealized Losses $ 2,000 5.979 % 3 month LIBOR plus 1.67% 10/1/2016 6.25 $ 314 $ 3,000 7.505 % 3 month LIBOR plus 3.35% 10/30/2012 2.83 $ 212

COMMITMENTS AND CONTINGENCIES (

COMMITMENTS AND CONTINGENCIES (Tables)	3 Months Ended
	Mar. 31, 2020
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 March 31, 2020 December 31, 2019 Commitments to extend credit $ 411,087 $ 440,685 Letters of credit 8,463 9,054

REGULATORY MATTERS (Tables)

REGULATORY MATTERS (Tables)	3 Months Ended
	Mar. 31, 2020
Banking And Thrift [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 For Capital Adequacy Purposes Minimum Required Under Basel III Fully Phased-In To Be Well Capitalized Under Prompt Corrective Action Provisions Amount Ratio Amount Ratio Amount Ratio Amount Ratio March 31, 2020 Total capital to risk-weighted assets: Consolidated $ 249,729 12.65% $ 157,988 8.00% $ 207,359 10.50% n/a Bank 268,880 13.62% 157,988 8.00% 207,359 10.50% $ 197,485 10.00% Tier 1 capital to risk-weighted assets: Consolidated 227,781 11.53% 118,491 6.00% 167,862 8.50% n/a Bank 246,932 12.50% 118,491 6.00% 167,862 8.50% 157,988 8.00% Tier 1 capital to average assets: (1) Consolidated 227,781 9.97% 91,421 4.00% 91,421 4.00% n/a Bank 246,932 10.80% 91,424 4.00% 91,424 4.00% 114,280 5.00% Common equity tier 1 capital to risk-weighted assets: Consolidated 217,471 11.01% 88,868 4.50% 138,239 7.00% n/a Bank 246,932 12.50% 88,868 4.50% 138,239 7.00% 128,365 6.50% (1) The Tier 1 capital ratio (to average assets) is not impacted by the Basel III Capital Rules; however, the Federal Reserve Board 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 For Capital Adequacy Purposes Minimum Required Under Basel III Fully Phased-In To Be Well Capitalized Under Prompt Corrective Action Provisions Amount Ratio Amount Ratio Amount Ratio Amount Ratio December 31, 2019 Total capital to risk-weighted assets: Consolidated $ 253,793 13.29% $ 152,770 8.00% $ 200,510 10.50% n/a Bank 249,643 13.07% 152,774 8.00% 200,516 10.50% $ 190,968 10.00% Tier 1 capital to risk-weighted assets: Consolidated 237,591 12.44% 114,577 6.00% 162,318 8.50% n/a Bank 233,441 12.22% 114,581 6.00% 162,322 8.50% 152,774 8.00% Tier 1 capital to average assets: Consolidated 237,591 10.29% 92,318 4.00% 92,318 4.00% n/a Bank 233,441 10.11% 92,321 4.00% 92,321 4.00% 115,401 5.00% Common equity tier 1 capital to risk-weighted assets: Consolidated 227,281 11.90% 85,933 4.50% 133,674 7.00% n/a Bank 233,441 12.22% 85,935 4.50% 133,677 7.00% 124,129 6.50%

FAIR VALUE (Tables)

FAIR VALUE (Tables)	3 Months Ended
	Mar. 31, 2020
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 March 31, 2020 Fair Value Quoted Prices in Active Markets for Identical Assets (Level 1) Significant Other Observable Inputs (Level 2) Significant Other Unobservable Inputs (Level 3) Assets (liabilities) at fair value on a recurring basis: Available for sale securities: Mortgage-backed securities $ 96,420 $ — $ 96,420 $ — Collateralized mortgage obligations 87,404 — 87,404 — Municipal securities 173,549 — 173,549 — Corporate bonds 19,689 — 19,689 — Loans held for sale 4,024 — — 4,024 Cash surrender value of life insurance 34,713 — 34,713 — SBA servicing assets 713 — — 713 Derivative instrument assets 1,112 — 1,112 — Derivative instrument liabilities (1,112 ) — (1,112 ) — As of December 31, 2019 Fair Value Quoted Prices in Active Markets for Identical Assets (Level 1) Significant Other Observable Inputs (Level 2) Significant Other Unobservable Inputs (Level 3) Assets (liabilities) at fair value on a recurring basis: Available for sale securities: Mortgage-backed securities $ 84,182 $ — $ 84,182 $ — Collateralized mortgage obligations 90,927 — 90,927 — Municipal securities 17,348 — 17,348 — Corporate bonds 20,259 — 20,259 — Loans held for sale 2,368 — — 2,368 Cash surrender value of life insurance 34,495 — 34,495 — SBA servicing assets 672 — — 672 Derivative instrument assets 526 — 526 — Derivative instrument liabilities (526 ) — (526 ) — Assets at fair value on a nonrecurring basis: Impaired loans 20,028 — — 20,028
Schedule of Foreclosed Assets Measured at Fair Value	The following table presents foreclosed assets that were remeasured and recorded at fair value as of: March 31, 2020 December 31, 2019 March 31, 2019 Other real estate owned remeasured at initial recognition: Carrying value of other real estate owned prior to remeasurement $ 176 $ 147 $ 130 Charge-offs recognized in the allowance for credit losses (66 ) (11 ) (6 ) Fair value of other real estate owned remeasured at initial recognition $ 110 $ 136 $ 124 Other real estate owned remeasured subsequent to initial recognition: Carrying value of other real estate owned prior to remeasurement $ 6 $ 35 $ — Write-downs included in collection and other real estate owned expense (2 ) (10 ) — Fair value of other real estate owned remeasured subsequent to initial recognition $ 4 $ 25 $ —
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: Fair Value Valuation Technique(s) Unobservable Input(s) Range (Weighted Average) March 31, 2020 Other real estate owned $ 605 Appraisal value of collateral Selling costs or other normal adjustments 10%-20% (16%) . Fair Value Valuation Technique(s) Unobservable Input(s) Range (Weighted Average) December 31, 2019 Impaired loans $ 20,028 Fair value of collateral - sales comparison approach Selling costs or other normal adjustments: Real estate Equipment 10%-20% (16%) 10%-20% (19%) Other real estate owned $ 603 Appraisal value of collateral Selling costs or other normal adjustments 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 March 31, 2020: Fair Value Measurements Using Level 1 Level 2 Level 3 Total Fair Value Commercial and industrial $ — $ — $ 118 $ 118 Real estate: Construction and development — — 531 531 Commercial real estate — — 8,277 8,277 Farmland — — — — 1-4 family residential — — — — Multi-family residential — — — — Consumer — — — — Agricultural — — — — Overdrafts Total $ — $ — $ 8,926 $ 8,926
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 March 31, 2020 and December 31, 2019, are as follows: Fair value measurements as of March 31, 2020 using: Carrying Amount Level 1 Inputs Level 2 Inputs Level 3 Inputs Total Fair Value Financial assets: Cash, due from banks, federal funds sold and interest-bearing deposits $ 146,928 $ 146,928 $ — $ — $ 146,928 Loans, net 1,696,861 — — 1,715,503 1,715,503 Accrued interest receivable 8,148 — 8,148 — 8,148 Nonmarketable equity securities 12,323 — 12,323 — 12,323 Financial liabilities: Deposits $ 2,000,426 $ 1,497,464 $ 507,364 $ — $ 2,004,828 Securities sold under repurchase agreements 11,843 — 11,843 — 11,843 Accrued interest payable 1,410 — 1,410 — 1,410 Federal Home Loan Bank advances 70,614 — 70,874 — 70,874 Subordinated debentures 10,810 — 8,360 — 8,360 Fair value measurements as of December 31, 2019 using: Carrying Amount Level 1 Inputs Level 2 Inputs Level 3 Inputs Total Fair Value Financial assets: Cash, due from banks, federal funds sold and interest-bearing deposits $ 90,714 $ 90,714 $ — $ — $ 90,714 Marketable securities held to maturity 155,458 — 160,460 — 160,460 Loans, net 1,690,794 — — 1,705,155 1,705,155 Accrued interest receivable 9,151 — 9,151 — 9,151 Nonmarketable equity securities 12,301 — 12,301 — 12,301 Financial liabilities: Deposits $ 1,956,804 $ 1,438,509 $ 520,469 $ — $ 1,958,978 Securities sold under repurchase agreements 11,100 — 11,100 — 11,100 Accrued interest payable 1,642 — 1,642 — 1,642 Federal Home Loan Bank advances 55,118 — 55,125 — 55,125 Subordinated debentures 10,810 — 8,677 — 8,677

EARNINGS PER SHARE (Tables)

EARNINGS PER SHARE (Tables)	3 Months Ended
	Mar. 31, 2020
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 March 31, 2020 2019 Numerator: Net earnings (basic) $ 6,278 $ 5,337 Net earnings (diluted) $ 6,278 $ 5,337 Denominator: Weighted-average shares outstanding (basic) 11,432,391 11,815,966 Effect of dilutive securities: Common stock equivalent shares from stock options — 43,492 Weighted-average shares outstanding (diluted) (1) 11,432,391 11,859,458 Net earnings per share Basic $ 0.55 $ 0.45 Diluted $ 0.55 $ 0.45 (1) Outstanding options and the closing price of the Company's stock as of March 31, 2020 had an anti-dilutive effect on the weighted-average common shares outstanding for the quarter ended March 31, 2020; therefore, the effect of their conversion has been excluded from the calculation of the diluted weighted-average common shares outstanding for the period. The diluted EPS has been calculated using the basic weighted-average shares outstanding in order to comply with GAAP.

SUMMARY OF SIGNIFICANT ACCOUN_3

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Narrative (Details)	Jan. 01, 2020USD ($)	Mar. 31, 2020USD ($)subsidaryFamilyResidentialhouse	Mar. 31, 2020USD ($)subsidaryFamilyResidentialhouse	Dec. 31, 2019USD ($)	Mar. 31, 2019USD ($)
Property, Plant and Equipment [Line Items]
Number of subsidiaries | subsidary		6	6
Provision for loan losses			$ 1,400,000	$ 0	$ 575,000
Provision for loan losses due to Covid-19			913,000
Decrease to retained earnings			(3,593,000)
Retained earnings, net of tax			$ 955,000
Number of families secured by loans of real estate | Family		4	4
Number of housing units secured by loans from segment | Residentialhouse		5	5
Paycheck Protection Program Loans
Property, Plant and Equipment [Line Items]
Percentage of government guaranteed loans		100.00%	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%
Provision for loan losses			$ 1,400,000
Provision for loan losses due to Covid-19		$ 900,000
Decrease to retained earnings			(4,548,000)
Retained earnings, net of tax			$ 955,000
Accounting Standards Update 2016-13 | CECL
Property, Plant and Equipment [Line Items]
Provision for loan losses due to Covid-19		$ 500,000

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	Mar. 31, 2020	Dec. 31, 2019
Available for sale:
Available-for-sale debt securities, amortized cost basis	$ 371,189	$ 210,212
Gross Unrealized Gain	6,415	2,864
Gross Unrealized Loss	542	360
Estimated Fair Value	377,062	212,716
Held to maturity:
Amortized Cost	0	155,458
Gross Unrealized Gains		5,018
Gross Unrealized Losses		16
Estimated Fair Value		160,460
Corporate bonds
Available for sale:
Available-for-sale debt securities, amortized cost basis	19,648	19,667
Gross Unrealized Gain	144	592
Gross Unrealized Loss	103	0
Estimated Fair Value	19,689	20,259
Mortgage-backed securities
Available for sale:
Available-for-sale debt securities, amortized cost basis	93,979	83,967
Gross Unrealized Gain	2,508	550
Gross Unrealized Loss	67	335
Estimated Fair Value	96,420	84,182
Held to maturity:
Amortized Cost		14,365
Gross Unrealized Gains		198
Gross Unrealized Losses		13
Estimated Fair Value		14,550
Collateralized mortgage obligations
Available for sale:
Available-for-sale debt securities, amortized cost basis	87,001	89,798
Gross Unrealized Gain	487	1,146
Gross Unrealized Loss	84	17
Estimated Fair Value	87,404	90,927
Held to maturity:
Amortized Cost		2,677
Gross Unrealized Gains		110
Gross Unrealized Losses		0
Estimated Fair Value		2,787
Municipal securities
Available for sale:
Available-for-sale debt securities, amortized cost basis	170,561	16,780
Gross Unrealized Gain	3,276	576
Gross Unrealized Loss	288	8
Estimated Fair Value	$ 173,549	17,348
Held to maturity:
Amortized Cost		138,416
Gross Unrealized Gains		4,710
Gross Unrealized Losses		3
Estimated Fair Value		$ 143,123

MARKETABLE SECURITIES - Narrati

MARKETABLE SECURITIES - Narrative (Details)	3 Months Ended
	Mar. 31, 2020USD ($)Positionsecurity	Mar. 31, 2019security	Dec. 31, 2019USD ($)
Investments Debt And Equity Securities [Abstract]
Allowance for credit losses for available for sale debt securities	$ 0
Other than temporary impairment losses on debt securities related to credit losses			$ 0
Number of investment positions in an unrealized loss position | Position	66
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	$ 300,214,000		$ 278,318,000
Number of securities sold | security	0	0

MARKETABLE SECURITIES - Securit

MARKETABLE SECURITIES - Securities in Continuous Loss Position (Details) - USD ($) $ in Thousands	Mar. 31, 2020	Dec. 31, 2019
Gross Unrealized Losses
Less Than 12 Months	$ (470)	$ (33)
12 Months or Longer	(72)	(327)
Total	(542)	(360)
Estimated Fair Value
Less Than 12 Months	71,349	20,559
12 Months or Longer	8,101	44,710
Total	79,450	65,269
Gross Unrealized Losses
Less Than 12 Months		(1)
12 Months or Longer		(15)
Total		(16)
Estimated Fair Value
Less Than 12 Months		1,313
12 Months or Longer		7,791
Total		9,104
Corporate bonds
Gross Unrealized Losses
Less Than 12 Months	(103)
12 Months or Longer	0	0
Total	(103)
Estimated Fair Value
Less Than 12 Months	11,430
12 Months or Longer	0	0
Total	11,430
Mortgage-backed securities
Gross Unrealized Losses
Less Than 12 Months	(13)	(25)
12 Months or Longer	(54)	(310)
Total	(67)	(335)
Estimated Fair Value
Less Than 12 Months	4,233	19,421
12 Months or Longer	5,840	42,116
Total	10,073	61,537
Gross Unrealized Losses
Less Than 12 Months		0
12 Months or Longer		(13)
Total		(13)
Estimated Fair Value
Less Than 12 Months		0
12 Months or Longer		7,032
Total		7,032
Collateralized mortgage obligations
Gross Unrealized Losses
Less Than 12 Months	(66)
12 Months or Longer	(18)	(17)
Total	(84)	(17)
Estimated Fair Value
Less Than 12 Months	26,914
12 Months or Longer	2,261	2,594
Total	29,175	2,594
Gross Unrealized Losses
Less Than 12 Months		0
12 Months or Longer		0
Total		0
Estimated Fair Value
Less Than 12 Months		0
12 Months or Longer		0
Total		0
Municipal securities
Gross Unrealized Losses
Less Than 12 Months	(288)	(8)
12 Months or Longer	0
Total	(288)	(8)
Estimated Fair Value
Less Than 12 Months	28,772	1,138
12 Months or Longer	0
Total	$ 28,772	1,138
Gross Unrealized Losses
Less Than 12 Months		(1)
12 Months or Longer		(2)
Total		(3)
Estimated Fair Value
Less Than 12 Months		1,313
12 Months or Longer		759
Total		$ 2,072

MARKETABLE SECURITIES - Contrac

MARKETABLE SECURITIES - Contractual Maturities of Securities (Details) - USD ($) $ in Thousands	Mar. 31, 2020	Dec. 31, 2019
Amortized Cost
Due within one year	$ 5,095
Due after one year through five years	51,142
Due after five years through ten years	51,401
Due after ten years	82,571
Available-for-sale debt securities, amortized cost basis	371,189	$ 210,212
Estimated Fair Value
Due within one year	5,115
Due after one year through five years	51,724
Due after five years through ten years	52,805
Due after ten years	83,594
Available-for-sale debt securities, estimated fair value	377,062	212,716
Mortgage-backed securities
Amortized Cost
Available-for-sale debt securities, amortized cost basis	93,979
Available-for-sale debt securities, amortized cost basis	93,979	83,967
Estimated Fair Value
Available-for-sale debt securities, estimated fair value	96,420
Available-for-sale debt securities, estimated fair value	96,420	84,182
Collateralized mortgage obligations
Amortized Cost
Available-for-sale debt securities, amortized cost basis	87,001
Available-for-sale debt securities, amortized cost basis	87,001	89,798
Estimated Fair Value
Available-for-sale debt securities, estimated fair value	87,404
Available-for-sale debt securities, estimated fair value	$ 87,404	$ 90,927

LOANS AND ALLOWANCE FOR CREDI_3

LOANS AND ALLOWANCE FOR CREDIT LOSSES - Summary of Loan Portfolio by Type of Loan (Details) - USD ($) $ in Thousands	Mar. 31, 2020	Dec. 31, 2019	Mar. 31, 2019	Dec. 31, 2018
Loans held for investment:
Total loans	$ 1,718,353	$ 1,706,395
Deferred loan costs, net	456	601
Allowance for credit losses	(21,948)	(16,202)	$ (15,190)	$ (14,651)
Total net loans	1,696,861	1,690,794
Commercial and industrial
Loans held for investment:
Total loans	297,163	279,583
Allowance for credit losses	(2,924)	(2,056)	(1,963)	(1,751)
Construction and development
Loans held for investment:
Total loans	263,973	280,498
Allowance for credit losses	(2,578)	(2,378)	(2,001)	(1,920)
Commercial real estate
Loans held for investment:
Total loans	584,883	567,360
Allowance for credit losses	(9,761)	(6,853)	(6,294)	(6,025)
Farmland
Loans held for investment:
Total loans	78,635	57,476
Allowance for credit losses	(792)	(570)	(659)	(643)
1-4 family residential
Loans held for investment:
Total loans	400,605	412,166
Allowance for credit losses	(4,156)	(3,125)	(2,870)	(2,868)
Multi-family residential
Loans held for investment:
Total loans	20,430	37,379
Allowance for credit losses	(189)	(409)	(575)	(631)
Consumer
Loans held for investment:
Total loans	52,996	53,245
Allowance for credit losses	(693)	(602)	(617)	(565)
Agricultural
Loans held for investment:
Total loans	19,314	18,359
Allowance for credit losses	(281)	(197)	(203)	(238)
Overdrafts
Loans held for investment:
Total loans	354	329
Allowance for credit losses	$ (3)	$ (12)	$ (8)	$ (10)

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	Mar. 31, 2020	Dec. 31, 2019
Receivables [Abstract]
Accrued interest receivable on loans	$ 6.8	$ 6.8

LOANS AND ALLOWANCE FOR CREDI_5

LOANS AND ALLOWANCE FOR CREDIT LOSSES - Schedule of Allowance for Loan Losses Activity (Details) - USD ($) $ in Thousands	3 Months Ended		12 Months Ended
	Mar. 31, 2020	Mar. 31, 2019	Dec. 31, 2019
Allowance for credit losses:
Beginning balance	$ 16,202	$ 14,651	$ 14,651
Impact of adopting ASC 326	4,548
Provision for credit losses and Loans losses	487	575	1,250
Provision for credit losses - COVID-19	913
Loans charged-off	(224)	(78)	(453)
Recoveries	22	42	754
Ending balance	21,948	15,190	16,202
Commercial and industrial
Allowance for credit losses:
Beginning balance	2,056	1,751	1,751
Impact of adopting ASC 326	546
Provision for credit losses and Loans losses	365	213	(117)
Loans charged-off	(43)	(6)	(86)
Recoveries		5	508
Ending balance	2,924	1,963	2,056
Construction and development
Allowance for credit losses:
Beginning balance	2,378	1,920	1,920
Impact of adopting ASC 326	323
Provision for credit losses and Loans losses	(229)	81	458
Provision for credit losses - COVID-19	106
Ending balance	2,578	2,001	2,378
Commercial real estate
Allowance for credit losses:
Beginning balance	6,853	6,025	6,025
Impact of adopting ASC 326	2,228
Provision for credit losses and Loans losses	447	269	827
Provision for credit losses - COVID-19	233
Recoveries			1
Ending balance	9,761	6,294	6,853
Farmland
Allowance for credit losses:
Beginning balance	570	643	643
Impact of adopting ASC 326	26
Provision for credit losses and Loans losses	193	16	(73)
Provision for credit losses - COVID-19	3
Ending balance	792	659	570
1-4 family residential
Allowance for credit losses:
Beginning balance	3,125	2,868	2,868
Impact of adopting ASC 326	1,339
Provision for credit losses and Loans losses	(250)	7	268
Loans charged-off	(59)	(6)	(14)
Recoveries	1	1	3
Ending balance	4,156	2,870	3,125
Multi-family residential
Allowance for credit losses:
Beginning balance	409	631	631
Impact of adopting ASC 326	(50)
Provision for credit losses and Loans losses	(170)	(56)	(222)
Ending balance	189	575	409
Consumer
Allowance for credit losses:
Beginning balance	602	565	565
Impact of adopting ASC 326	72
Provision for credit losses and Loans losses	85	46	(2)
Loans charged-off	(73)	(17)	(72)
Recoveries	7	23	111
Ending balance	693	617	602
Agricultural
Allowance for credit losses:
Beginning balance	197	238	238
Impact of adopting ASC 326	73
Provision for credit losses and Loans losses	11	(35)	(41)
Loans charged-off			(89)
Recoveries			89
Ending balance	281	203	197
Overdrafts
Allowance for credit losses:
Beginning balance	12	10	10
Impact of adopting ASC 326	(9)
Provision for credit losses and Loans losses	35	34	152
Loans charged-off	(49)	(49)	(192)
Recoveries	14	13	42
Ending balance	3	$ 8	$ 12
Unallocated COVID-19 reserve
Allowance for credit losses:
Provision for credit losses - COVID-19	571
Ending balance	$ 571

LOANS AND ALLOWANCE FOR CREDI_6

LOANS AND ALLOWANCE FOR CREDIT LOSSES - Narrative (Details)	3 Months Ended		12 Months Ended
	Mar. 31, 2020USD ($)contract	Mar. 31, 2019contract	Dec. 31, 2019USD ($)contract
Receivables [Abstract]
Additional ACL due to impact of covid-19	$ 913,000
Loans classified in doubtful or loss risk rating	$ 0		$ 0
Number of loans modified as TDRs | contract	0	0	4
Increase in allowance for loan losses due to TDRs			$ 0
Troubled debt restructuring charge-offs			$ 0

LOANS AND ALLOWANCE FOR CREDI_7

LOANS AND ALLOWANCE FOR CREDIT LOSSES - Summary of Credit Exposure in Company Loan Portfolio (Details) $ in Thousands	3 Months Ended
	Mar. 31, 2020USD ($)
Financing Receivable Recorded Investment [Line Items]
Credit Exposure 2020	$ 166,402
Credit Exposure 2019	397,996
Credit Exposure 2018	283,284
Credit Exposure 2017	191,582
Credit Exposure 2016	197,235
Credit Exposure Prior	333,470
Revolving Loans Amortized Cost	148,384
Total	1,718,353
Credit Exposure 2020.Charge - offs	(49)
Credit Exposure 2019.Charge - offs	(17)
Credit Exposure 2018.Charge - offs	(61)
Credit Exposure 2017.Charge - offs	(38)
Credit Exposure Prior.Charge - offs	(59)
Total	(224)
Credit Exposure 2020, Recoveries	14
Credit Exposure 2017, Recoveries	4
Credit Exposure 2016, Recoveries	1
Credit Exposure Prior, Recoveries	3
Total	22
Credit Exposure 2020,Current period net	(35)
Credit Exposure 2019,Current period net	(17)
Credit Exposure 2018,Current period net	(61)
Credit Exposure 2017,Current period net	(34)
Credit Exposure 2016,Current period net	1
Credit Exposure Prior,Current period net	(56)
Total	(202)
Commercial and industrial
Financing Receivable Recorded Investment [Line Items]
Credit Exposure 2020	89,353
Credit Exposure 2019	44,914
Credit Exposure 2018	22,606
Credit Exposure 2017	9,380
Credit Exposure 2016	9,687
Credit Exposure Prior	19,465
Revolving Loans Amortized Cost	101,758
Total	297,163
Credit Exposure 2018.Charge - offs	(43)
Total	(43)
Credit Exposure 2018,Current period net	(43)
Total	(43)
Commercial and industrial | Pass
Financing Receivable Recorded Investment [Line Items]
Credit Exposure 2020	89,353
Credit Exposure 2019	44,914
Credit Exposure 2018	22,360
Credit Exposure 2017	9,359
Credit Exposure 2016	9,586
Credit Exposure Prior	19,274
Revolving Loans Amortized Cost	101,608
Total	296,454
Commercial and industrial | Substandard
Financing Receivable Recorded Investment [Line Items]
Credit Exposure 2018	218
Credit Exposure 2017	21
Credit Exposure 2016	58
Total	297
Commercial and industrial | Nonaccrual
Financing Receivable Recorded Investment [Line Items]
Credit Exposure 2018	28
Credit Exposure 2016	43
Credit Exposure Prior	191
Revolving Loans Amortized Cost	150
Total	412
Construction and development
Financing Receivable Recorded Investment [Line Items]
Credit Exposure 2020	29,946
Credit Exposure 2019	121,599
Credit Exposure 2018	55,948
Credit Exposure 2017	28,704
Credit Exposure 2016	10,867
Credit Exposure Prior	11,023
Revolving Loans Amortized Cost	5,886
Total	263,973
Construction and development | Pass
Financing Receivable Recorded Investment [Line Items]
Credit Exposure 2020	29,946
Credit Exposure 2019	119,807
Credit Exposure 2018	55,942
Credit Exposure 2017	28,704
Credit Exposure 2016	10,867
Credit Exposure Prior	11,023
Revolving Loans Amortized Cost	5,886
Total	262,175
Construction and development | Substandard
Financing Receivable Recorded Investment [Line Items]
Credit Exposure 2019	600
Credit Exposure 2018	6
Total	606
Construction and development | Nonaccrual
Financing Receivable Recorded Investment [Line Items]
Credit Exposure 2019	1,192
Total	1,192
Commercial real estate
Financing Receivable Recorded Investment [Line Items]
Credit Exposure 2020	17,610
Credit Exposure 2019	106,440
Credit Exposure 2018	102,547
Credit Exposure 2017	91,184
Credit Exposure 2016	106,972
Credit Exposure Prior	148,209
Revolving Loans Amortized Cost	11,921
Total	584,883
Commercial real estate | Pass
Financing Receivable Recorded Investment [Line Items]
Credit Exposure 2020	17,610
Credit Exposure 2019	106,440
Credit Exposure 2018	101,206
Credit Exposure 2017	86,620
Credit Exposure 2016	101,885
Credit Exposure Prior	137,737
Revolving Loans Amortized Cost	11,921
Total	563,419
Commercial real estate | Special Mention
Financing Receivable Recorded Investment [Line Items]
Credit Exposure Prior	70
Total	70
Commercial real estate | Substandard
Financing Receivable Recorded Investment [Line Items]
Credit Exposure 2018	1,183
Credit Exposure 2017	617
Credit Exposure Prior	9,358
Total	11,158
Commercial real estate | Nonaccrual
Financing Receivable Recorded Investment [Line Items]
Credit Exposure 2018	158
Credit Exposure 2017	3,947
Credit Exposure 2016	5,087
Credit Exposure Prior	1,044
Total	10,236
Farmland
Financing Receivable Recorded Investment [Line Items]
Credit Exposure 2020	5,423
Credit Exposure 2019	14,614
Credit Exposure 2018	14,202
Credit Exposure 2017	8,507
Credit Exposure 2016	11,353
Credit Exposure Prior	18,963
Revolving Loans Amortized Cost	5,573
Total	78,635
Farmland | Pass
Financing Receivable Recorded Investment [Line Items]
Credit Exposure 2020	5,423
Credit Exposure 2019	14,614
Credit Exposure 2018	14,202
Credit Exposure 2017	8,507
Credit Exposure 2016	11,353
Credit Exposure Prior	18,649
Revolving Loans Amortized Cost	5,573
Total	78,321
Farmland | Special Mention
Financing Receivable Recorded Investment [Line Items]
Credit Exposure Prior	41
Total	41
Farmland | Substandard
Financing Receivable Recorded Investment [Line Items]
Credit Exposure Prior	97
Total	97
Farmland | Nonaccrual
Financing Receivable Recorded Investment [Line Items]
Credit Exposure Prior	176
Total	176
1-4 family residential
Financing Receivable Recorded Investment [Line Items]
Credit Exposure 2020	12,890
Credit Exposure 2019	81,727
Credit Exposure 2018	65,931
Credit Exposure 2017	47,356
Credit Exposure 2016	54,561
Credit Exposure Prior	127,903
Revolving Loans Amortized Cost	10,237
Total	400,605
Credit Exposure Prior.Charge - offs	(59)
Total	(59)
Credit Exposure Prior, Recoveries	1
Total	1
Credit Exposure Prior,Current period net	(58)
Total	(58)
1-4 family residential | Pass
Financing Receivable Recorded Investment [Line Items]
Credit Exposure 2020	12,890
Credit Exposure 2019	81,727
Credit Exposure 2018	65,493
Credit Exposure 2017	46,797
Credit Exposure 2016	53,530
Credit Exposure Prior	125,807
Revolving Loans Amortized Cost	10,237
Total	396,481
1-4 family residential | Special Mention
Financing Receivable Recorded Investment [Line Items]
Credit Exposure 2018	55
Credit Exposure 2017	113
Credit Exposure Prior	70
Total	238
1-4 family residential | Nonaccrual
Financing Receivable Recorded Investment [Line Items]
Credit Exposure 2018	383
Credit Exposure 2017	446
Credit Exposure 2016	1,031
Credit Exposure Prior	2,026
Total	3,886
Multi-family residential
Financing Receivable Recorded Investment [Line Items]
Credit Exposure 2020	1,304
Credit Exposure 2019	4,837
Credit Exposure 2018	3,746
Credit Exposure 2017	1,515
Credit Exposure 2016	1,801
Credit Exposure Prior	6,665
Revolving Loans Amortized Cost	562
Total	20,430
Multi-family residential | Pass
Financing Receivable Recorded Investment [Line Items]
Credit Exposure 2020	1,304
Credit Exposure 2019	4,837
Credit Exposure 2018	3,746
Credit Exposure 2017	1,515
Credit Exposure 2016	1,801
Credit Exposure Prior	6,665
Revolving Loans Amortized Cost	562
Total	20,430
Consumer and Overdrafts
Financing Receivable Recorded Investment [Line Items]
Credit Exposure 2020	8,344
Credit Exposure 2019	20,946
Credit Exposure 2018	14,878
Credit Exposure 2017	3,720
Credit Exposure 2016	1,445
Credit Exposure Prior	846
Revolving Loans Amortized Cost	3,171
Total	53,350
Credit Exposure 2020.Charge - offs	(49)
Credit Exposure 2019.Charge - offs	(17)
Credit Exposure 2018.Charge - offs	(18)
Credit Exposure 2017.Charge - offs	(38)
Total	(122)
Credit Exposure 2020, Recoveries	14
Credit Exposure 2017, Recoveries	4
Credit Exposure 2016, Recoveries	1
Credit Exposure Prior, Recoveries	2
Total	21
Credit Exposure 2020,Current period net	(35)
Credit Exposure 2019,Current period net	(17)
Credit Exposure 2018,Current period net	(18)
Credit Exposure 2017,Current period net	(34)
Credit Exposure 2016,Current period net	1
Credit Exposure Prior,Current period net	2
Total	(101)
Consumer and Overdrafts | Pass
Financing Receivable Recorded Investment [Line Items]
Credit Exposure 2020	8,344
Credit Exposure 2019	20,857
Credit Exposure 2018	14,693
Credit Exposure 2017	3,694
Credit Exposure 2016	1,442
Credit Exposure Prior	843
Revolving Loans Amortized Cost	3,171
Total	53,044
Consumer and Overdrafts | Special Mention
Financing Receivable Recorded Investment [Line Items]
Credit Exposure 2019	39
Credit Exposure 2018	35
Credit Exposure 2017	3
Total	77
Consumer and Overdrafts | Nonaccrual
Financing Receivable Recorded Investment [Line Items]
Credit Exposure 2019	50
Credit Exposure 2018	150
Credit Exposure 2017	23
Credit Exposure 2016	3
Credit Exposure Prior	3
Total	229
Agricultural
Financing Receivable Recorded Investment [Line Items]
Credit Exposure 2020	1,532
Credit Exposure 2019	2,919
Credit Exposure 2018	3,426
Credit Exposure 2017	1,216
Credit Exposure 2016	549
Credit Exposure Prior	396
Revolving Loans Amortized Cost	9,276
Total	19,314
Agricultural | Pass
Financing Receivable Recorded Investment [Line Items]
Credit Exposure 2020	1,532
Credit Exposure 2019	2,919
Credit Exposure 2018	3,357
Credit Exposure 2017	1,146
Credit Exposure 2016	432
Credit Exposure Prior	391
Revolving Loans Amortized Cost	9,276
Total	19,053
Agricultural | Special Mention
Financing Receivable Recorded Investment [Line Items]
Credit Exposure 2017	70
Total	70
Agricultural | Substandard
Financing Receivable Recorded Investment [Line Items]
Credit Exposure 2016	85
Credit Exposure Prior	5
Total	90
Agricultural | Nonaccrual
Financing Receivable Recorded Investment [Line Items]
Credit Exposure 2018	69
Credit Exposure 2016	32
Total	$ 101

LOANS AND ALLOWANCE FOR CREDI_8

LOANS AND ALLOWANCE FOR CREDIT LOSSES - Summary of Credit Exposure (Details) - USD ($) $ in Thousands	Mar. 31, 2020	Dec. 31, 2019
Financing Receivable Recorded Investment [Line Items]
Total loans	$ 1,718,353	$ 1,706,395
Pass
Financing Receivable Recorded Investment [Line Items]
Total loans		1,682,413
Special Mention
Financing Receivable Recorded Investment [Line Items]
Total loans		3,658
Substandard
Financing Receivable Recorded Investment [Line Items]
Total loans		20,324
Commercial and industrial
Financing Receivable Recorded Investment [Line Items]
Total loans	297,163	279,583
Commercial and industrial | Pass
Financing Receivable Recorded Investment [Line Items]
Total loans		279,217
Commercial and industrial | Special Mention
Financing Receivable Recorded Investment [Line Items]
Total loans		153
Commercial and industrial | Substandard
Financing Receivable Recorded Investment [Line Items]
Total loans		213
Construction and development
Financing Receivable Recorded Investment [Line Items]
Total loans	263,973	280,498
Construction and development | Pass
Financing Receivable Recorded Investment [Line Items]
Total loans		278,679
Construction and development | Special Mention
Financing Receivable Recorded Investment [Line Items]
Total loans		600
Construction and development | Substandard
Financing Receivable Recorded Investment [Line Items]
Total loans		1,219
Commercial real estate
Financing Receivable Recorded Investment [Line Items]
Total loans	584,883	567,360
Commercial real estate | Pass
Financing Receivable Recorded Investment [Line Items]
Total loans		548,662
Commercial real estate | Special Mention
Financing Receivable Recorded Investment [Line Items]
Total loans		1,071
Commercial real estate | Substandard
Financing Receivable Recorded Investment [Line Items]
Total loans		17,627
Farmland
Financing Receivable Recorded Investment [Line Items]
Total loans	78,635	57,476
Farmland | Pass
Financing Receivable Recorded Investment [Line Items]
Total loans		57,152
Farmland | Special Mention
Financing Receivable Recorded Investment [Line Items]
Total loans		91
Farmland | Substandard
Financing Receivable Recorded Investment [Line Items]
Total loans		233
1-4 family residential
Financing Receivable Recorded Investment [Line Items]
Total loans	400,605	412,166
1-4 family residential | Pass
Financing Receivable Recorded Investment [Line Items]
Total loans		409,896
1-4 family residential | Special Mention
Financing Receivable Recorded Investment [Line Items]
Total loans		1,425
1-4 family residential | Substandard
Financing Receivable Recorded Investment [Line Items]
Total loans		845
Multi-family residential
Financing Receivable Recorded Investment [Line Items]
Total loans	20,430	37,379
Multi-family residential | Pass
Financing Receivable Recorded Investment [Line Items]
Total loans		37,379
Consumer and Overdrafts
Financing Receivable Recorded Investment [Line Items]
Total loans		53,574
Consumer and Overdrafts | Pass
Financing Receivable Recorded Investment [Line Items]
Total loans		53,327
Consumer and Overdrafts | Special Mention
Financing Receivable Recorded Investment [Line Items]
Total loans		192
Consumer and Overdrafts | Substandard
Financing Receivable Recorded Investment [Line Items]
Total loans		55
Agricultural
Financing Receivable Recorded Investment [Line Items]
Total loans	$ 19,314	18,359
Agricultural | Pass
Financing Receivable Recorded Investment [Line Items]
Total loans		18,101
Agricultural | Special Mention
Financing Receivable Recorded Investment [Line Items]
Total loans		126
Agricultural | Substandard
Financing Receivable Recorded Investment [Line Items]
Total loans		$ 132

LOANS AND ALLOWANCE FOR CREDI_9

LOANS AND ALLOWANCE FOR CREDIT LOSSES - Summary of Amortized Cost Basis of Collateral-dependent Loans (Details) - Collateral Dependent Loans $ in Thousands	Mar. 31, 2020USD ($)
Financing Receivable Allowance For Credit Losses [Line Items]
Amortized cost	$ 10,791
Allowance for Credit Losses Allocation	1,500
Real Estate
Financing Receivable Allowance For Credit Losses [Line Items]
Amortized cost	10,426
Non-RE
Financing Receivable Allowance For Credit Losses [Line Items]
Amortized cost	365
Commercial and industrial
Financing Receivable Allowance For Credit Losses [Line Items]
Amortized cost	134
Allowance for Credit Losses Allocation	16
Commercial and industrial | Real Estate
Financing Receivable Allowance For Credit Losses [Line Items]
Amortized cost	134
Construction and development
Financing Receivable Allowance For Credit Losses [Line Items]
Amortized cost	600
Allowance for Credit Losses Allocation	69
Construction and development | Real Estate
Financing Receivable Allowance For Credit Losses [Line Items]
Amortized cost	600
Commercial real estate
Financing Receivable Allowance For Credit Losses [Line Items]
Amortized cost	9,692
Allowance for Credit Losses Allocation	1,415
Commercial real estate | Real Estate
Financing Receivable Allowance For Credit Losses [Line Items]
Amortized cost	9,692
Consumer
Financing Receivable Allowance For Credit Losses [Line Items]
Amortized cost	174
Consumer | Non-RE
Financing Receivable Allowance For Credit Losses [Line Items]
Amortized cost	174
Agricultural
Financing Receivable Allowance For Credit Losses [Line Items]
Amortized cost	191
Agricultural | Non-RE
Financing Receivable Allowance For Credit Losses [Line Items]
Amortized cost	$ 191

LOANS AND ALLOWANCE FOR CRED_10

LOANS AND ALLOWANCE FOR CREDIT LOSSES - Summary of Payment Status of Loans (Details) - USD ($) $ in Thousands	Mar. 31, 2020	Dec. 31, 2019
Financing Receivable Recorded Investment Past Due [Line Items]
Total past due loans	$ 24,954	$ 8,296
Current	1,693,399	1,698,099
Total Loans	1,718,353	1,706,395
Recorded Investment Greater than 90 Days and Accruing	150
Financing Receivables, 30 to 59 Days Past Due
Financing Receivable Recorded Investment Past Due [Line Items]
Total past due loans	13,389	4,704
Financing Receivables, 60 to 89 Days Past Due
Financing Receivable Recorded Investment Past Due [Line Items]
Total past due loans	1,449	1,754
Financing Receivables, Equal to Greater than 90 Days Past Due
Financing Receivable Recorded Investment Past Due [Line Items]
Total past due loans	10,116	1,838
Commercial and industrial
Financing Receivable Recorded Investment Past Due [Line Items]
Total past due loans	478	389
Current	296,685	279,194
Total Loans	297,163	279,583
Commercial and industrial | Financing Receivables, 30 to 59 Days Past Due
Financing Receivable Recorded Investment Past Due [Line Items]
Total past due loans	73	321
Commercial and industrial | Financing Receivables, 60 to 89 Days Past Due
Financing Receivable Recorded Investment Past Due [Line Items]
Total past due loans	49	53
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	356	15
Construction and development
Financing Receivable Recorded Investment Past Due [Line Items]
Total past due loans	1,369	161
Current	262,604	280,337
Total Loans	263,973	280,498
Construction and development | Financing Receivables, 30 to 59 Days Past Due
Financing Receivable Recorded Investment Past Due [Line Items]
Total past due loans	1,369	161
Commercial real estate
Financing Receivable Recorded Investment Past Due [Line Items]
Total past due loans	17,764	2,112
Current	567,119	565,248
Total Loans	584,883	567,360
Recorded Investment Greater than 90 Days and Accruing	150
Commercial real estate | Financing Receivables, 30 to 59 Days Past Due
Financing Receivable Recorded Investment Past Due [Line Items]
Total past due loans	8,285	1,181
Commercial real estate | Financing Receivables, 60 to 89 Days Past Due
Financing Receivable Recorded Investment Past Due [Line Items]
Total past due loans	340	49
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	9,139	882
Farmland
Financing Receivable Recorded Investment Past Due [Line Items]
Total past due loans	550	103
Current	78,085	57,373
Total Loans	78,635	57,476
Farmland | Financing Receivables, 30 to 59 Days Past Due
Financing Receivable Recorded Investment Past Due [Line Items]
Total past due loans	263	103
Farmland | Financing Receivables, 60 to 89 Days Past Due
Financing Receivable Recorded Investment Past Due [Line Items]
Total past due loans	238
Farmland | Financing Receivables, Equal to Greater than 90 Days Past Due
Financing Receivable Recorded Investment Past Due [Line Items]
Total past due loans	49
1-4 family residential
Financing Receivable Recorded Investment Past Due [Line Items]
Total past due loans	4,006	4,792
Current	396,599	407,374
Total Loans	400,605	412,166
1-4 family residential | Financing Receivables, 30 to 59 Days Past Due
Financing Receivable Recorded Investment Past Due [Line Items]
Total past due loans	2,823	2,514
1-4 family residential | Financing Receivables, 60 to 89 Days Past Due
Financing Receivable Recorded Investment Past Due [Line Items]
Total past due loans	712	1,433
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	471	845
Multi-family residential
Financing Receivable Recorded Investment Past Due [Line Items]
Current	20,430	37,379
Total Loans	20,430	37,379
Consumer
Financing Receivable Recorded Investment Past Due [Line Items]
Total past due loans	741	621
Current	52,255	52,624
Total Loans	52,996	53,245
Consumer | Financing Receivables, 30 to 59 Days Past Due
Financing Receivable Recorded Investment Past Due [Line Items]
Total past due loans	566	373
Consumer | Financing Receivables, 60 to 89 Days Past Due
Financing Receivable Recorded Investment Past Due [Line Items]
Total past due loans	103	152
Consumer | Financing Receivables, Equal to Greater than 90 Days Past Due
Financing Receivable Recorded Investment Past Due [Line Items]
Total past due loans	72	96
Agricultural
Financing Receivable Recorded Investment Past Due [Line Items]
Total past due loans	46	118
Current	19,268	18,241
Total Loans	19,314	18,359
Agricultural | Financing Receivables, 30 to 59 Days Past Due
Financing Receivable Recorded Investment Past Due [Line Items]
Total past due loans	10	51
Agricultural | Financing Receivables, 60 to 89 Days Past Due
Financing Receivable Recorded Investment Past Due [Line Items]
Total past due loans	7	67
Agricultural | Financing Receivables, Equal to Greater than 90 Days Past Due
Financing Receivable Recorded Investment Past Due [Line Items]
Total past due loans	29
Overdrafts
Financing Receivable Recorded Investment Past Due [Line Items]
Current	354	329
Total Loans	$ 354	$ 329

LOANS AND ALLOWANCE FOR CRED_11

LOANS AND ALLOWANCE FOR CREDIT LOSSES - Troubled Debt Restructuring (Details) $ in Thousands	3 Months Ended		12 Months Ended
	Mar. 31, 2020USD ($)contract	Mar. 31, 2019contract	Dec. 31, 2019USD ($)contract
Financing Receivable, Modifications [Line Items]
Total	$ 7,317		$ 7,341
Specific reserves on TDRs	$ 0		$ 164
Troubled Debt Restructurings:
Number of Contracts | contract	0	0	4
Pre-Modification Outstanding Recorded Investment			$ 1,680
Post-Modification Outstanding Recorded Investment			$ 1,515
Commercial real estate
Troubled Debt Restructurings:
Number of Contracts | contract			4
Pre-Modification Outstanding Recorded Investment			$ 1,680
Post-Modification Outstanding Recorded Investment			1,515
Nonaccrual TDRs
Financing Receivable, Modifications [Line Items]
Total	$ 97		101
Performing TDRs
Financing Receivable, Modifications [Line Items]
Total	$ 7,220		$ 7,240

LOANS AND ALLOWANCE FOR CRED_12

LOANS AND ALLOWANCE FOR CREDIT LOSSES - Summary of Loans Individually and Collectively Evaluated for Impairment and Respective Allowance for Loan Losses (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2019USD ($)
Unpaid Principal Balance [Abstract]
Unpaid Principal Balance, With no related allowance recorded	$ 8,673
Unpaid Principal Balance, With related allowance recorded	13,004
Unpaid Principal Balance	21,677
Recorded Investment [Abstract]
Recorded Investment, With no related allowance recorded	8,673
Recorded Investment, With related allowance recorded	13,004
Recorded Investment, With related allowance recorded	21,677
Related Allowance [Abstract]
Related Allowance	1,649
Average Recorded Investment [Abstract]
Average Recorded Investment, With no related allowance recorded	7,803
Average Recorded Investment, With related allowance recorded	9,385
Average Recorded Investment, With related allowance recorded	17,188
Commercial and industrial
Unpaid Principal Balance [Abstract]
Unpaid Principal Balance, With no related allowance recorded	289
Recorded Investment [Abstract]
Recorded Investment, With no related allowance recorded	289
Average Recorded Investment [Abstract]
Average Recorded Investment, With no related allowance recorded	312
Average Recorded Investment, With related allowance recorded	61
Construction and development
Unpaid Principal Balance [Abstract]
Unpaid Principal Balance, With no related allowance recorded	1,212
Recorded Investment [Abstract]
Recorded Investment, With no related allowance recorded	1,212
Average Recorded Investment [Abstract]
Average Recorded Investment, With no related allowance recorded	1,259
Commercial real estate
Unpaid Principal Balance [Abstract]
Unpaid Principal Balance, With no related allowance recorded	4,612
Unpaid Principal Balance, With related allowance recorded	12,871
Recorded Investment [Abstract]
Recorded Investment, With no related allowance recorded	4,612
Recorded Investment, With related allowance recorded	12,871
Related Allowance [Abstract]
Related Allowance	1,587
Average Recorded Investment [Abstract]
Average Recorded Investment, With no related allowance recorded	4,244
Average Recorded Investment, With related allowance recorded	9,111
Farmland
Unpaid Principal Balance [Abstract]
Unpaid Principal Balance, With related allowance recorded	133
Recorded Investment [Abstract]
Recorded Investment, With related allowance recorded	133
Related Allowance [Abstract]
Related Allowance	62
Average Recorded Investment [Abstract]
Average Recorded Investment, With related allowance recorded	135
1-4 family residential
Unpaid Principal Balance [Abstract]
Unpaid Principal Balance, With no related allowance recorded	2,498
Recorded Investment [Abstract]
Recorded Investment, With no related allowance recorded	2,498
Average Recorded Investment [Abstract]
Average Recorded Investment, With no related allowance recorded	1,798
Average Recorded Investment, With related allowance recorded	78
Agricultural
Unpaid Principal Balance [Abstract]
Unpaid Principal Balance, With no related allowance recorded	62
Recorded Investment [Abstract]
Recorded Investment, With no related allowance recorded	62
Average Recorded Investment [Abstract]
Average Recorded Investment, With no related allowance recorded	$ 190

SECURITIES SOLD UNDER AGREEME_3

SECURITIES SOLD UNDER AGREEMENTS TO REPURCHASE AND OTHER DEBT - Narrative (Details) - USD ($)	3 Months Ended
	Mar. 31, 2020	Dec. 31, 2019
Line of Credit Facility [Line Items]
Securities sold under agreements to repurchase	$ 11,843,000	$ 11,100,000
Long-term line of credit	20,000,000
Revolving Credit Facility
Line of Credit Facility [Line Items]
Line of credit facility, current borrowing capacity	25,000,000
Long-term line of credit	$ 20,000,000
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	Mar. 31, 2020	Dec. 31, 2019
Federal Home Loan Bank, Advances, Fiscal Year Maturity [Abstract]
Federal Home Loan Bank advances	$ 70,614	$ 55,118
Fixed-rate Advances, With Monthly Interest Payments
Federal Home Loan Bank, Advances, Maturities Summary, Average Interest Rate of Amounts Due [Abstract]
2020 (percent)	0.62%
2021 (percent)	1.87%
2022 (percent)	1.99%
2024 (percent)	1.76%
Federal Home Loan Bank, Advances, Fiscal Year Maturity [Abstract]
2020	$ 61,500
2021	1,500
2022	1,500
2024	6,000
Federal Home Loan Bank advances	$ 70,500
Fixed-rate Advances, With Monthly Principal and Interest Payments
Federal Home Loan Bank, Advances, Maturities Summary, Average Interest Rate of Amounts Due [Abstract]
2021 (percent)	1.38%
Federal Home Loan Bank, Advances, Fiscal Year Maturity [Abstract]
2021	$ 114

SUBORDINATED DEBENTURES - Sched

SUBORDINATED DEBENTURES - Schedule of Subordinated Debentures (Details) - USD ($) $ in Thousands	Mar. 31, 2020	Dec. 31, 2019
Debt Instrument [Line Items]
Subordinated debentures	$ 10,810	$ 10,810
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	$ 500	$ 500

SUBORDINATED DEBENTURES - Narra

SUBORDINATED DEBENTURES - Narrative (Details) - USD ($)	1 Months Ended				3 Months Ended
	Dec. 31, 2019	Jul. 31, 2019	Jul. 31, 2018	May 31, 2017	Mar. 31, 2020	Dec. 31, 2015
Debt Instrument [Line Items]
Liquidation value per share					$ 1,000
Debentures mature date					30 years
Subordinated debentures | Trust II Debentures
Debt Instrument [Line Items]
Debenture issued					$ 3,093,000
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					$ 2,062,000
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					$ 5,155,000
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					$ 500,000	$ 5,000,000
Debenture issued, par value per instrument issued					$ 500,000
Debt instrument maturity end date					Jul. 1, 2020
Repayments of related party debt				$ 2,000,000
Subordinated debentures | Other Debentures Issued in December 2015 | Directors and Related Parties
Debt Instrument [Line Items]
Debenture issued						$ 2,500,000
Subordinated debentures | Other Debentures Issued in December 2015 | Maximum
Debt Instrument [Line Items]
Stated interest rate					5.00%
Subordinated debentures | Other Debentures Issued in July 2015
Debt Instrument [Line Items]
Debentures that matured and were paid off	$ 500,000	$ 1,000,000	$ 1,000,000

SUBORDINATED DEBENTURES - Sch_2

SUBORDINATED DEBENTURES - Schedule of Trusts (Details) $ in Thousands	Mar. 31, 2020USD ($)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	3 Months Ended
	Mar. 31, 2020USD ($)
Trust II Debentures
Debt Instrument [Line Items]
Original amount	$ 3,093
Maturity date	Oct. 30, 2032
Original amount	Quarterly
Trust III Debentures
Debt Instrument [Line Items]
Original amount	$ 2,062
Maturity date	Oct. 1, 2036
Original amount	Quarterly
DCB Trust I Debentures
Debt Instrument [Line Items]
Original amount	$ 5,155
Maturity date	Jun. 15, 2037
Original amount	Quarterly

EQUITY AWARDS - Narrative (Deta

EQUITY AWARDS - Narrative (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Unrecognized compensation cost, nonvested options	$ 1,897
Option
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Unrecognized compensation cost, nonvested options, period for recognition	3 years 3 months 25 days
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)	1,000,000
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	$ 155	$ 137
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	3 Months Ended		12 Months Ended
	Mar. 31, 2020	Mar. 31, 2019	Dec. 31, 2019	Dec. 31, 2018
Number of Shares
Outstanding at beginning of year (in shares)	508,000	537,872	537,872
Granted (in shares)	23,000	19,000
Exercised (in shares)	(3,000)	(19,172)
Forfeited (in shares)	(24,400)	(16,400)
Balance (in shares)	503,600	521,300	508,000	537,872
Exercisable
Outstanding (in shares)	260,880	194,140
Weighted-average exercise price (in USD per share)	$ 25.26	$ 24.52
Weighted-average remaining contractual life in years	5 years 3 days	5 years 4 months 28 days
Aggregate intrinsic value	$ 7	$ 938
Weighted-Average Exercise Price
Outstanding at beginning of year (in USD per share)	$ 26.68	$ 26.49	$ 26.49
Granted (in USD per share)	29	29.80
Exercised (in USD per share)	24	25.08
Forfeited (in USD per share)	31.72	28.90
Balance (in USD per share)	$ 26.55	$ 26.59	$ 26.68	$ 26.49
Weighted-Average Remaining Contractual Life in Years
Outstanding	6 years 25 days	6 years 9 months 14 days	6 years 2 months 26 days	6 years 11 months 15 days
Granted	9 years 10 months 2 days	9 years 10 months 24 days
Exercised	2 years 6 months 14 days	6 years 1 month 20 days
Forfeited	8 years 5 months 15 days	8 years 5 months 26 days
Aggregate Intrinsic Value
Outstanding	$ 3,159	$ 2,088	$ 2,088
Granted	11	0
Exercised	0	79
Forfeited	0	27
Outstanding	$ 21	$ 1,745	$ 3,159	$ 2,088

EQUITY AWARDS - Schedule of Non

EQUITY AWARDS - Schedule of Nonvested Stock Option Activity (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		12 Months Ended
	Mar. 31, 2020	Mar. 31, 2019	Dec. 31, 2019	Dec. 31, 2018
Number of Shares
Outstanding at beginning of year (in shares)	251,120	331,560	331,560
Granted (in shares)	23,000	19,000
Vested (in shares)	(8,200)	(7,000)
Forfeited (in shares)	(23,200)	(16,400)
Balance (in shares)	242,720	327,160	251,120	331,560
Weighted-Average Exercise Price
Outstanding at beginning of year (in USD per share)	$ 28.18	$ 27.74	$ 27.74
Granted (in USD per share)	29	29.80
Vested (in USD per share)	27.45	27.13
Forfeited (in USD per share)	33.36	28.90
Balance (in USD per share)	$ 27.94	$ 27.81	$ 28.18	$ 27.74
Weighted-Average Remaining Contractual Life in Years
Outstanding	7 years 2 months 8 days	7 years 7 months 9 days	7 years 3 months 21 days	7 years 9 months 7 days
Granted	9 years 10 months 2 days	9 years 10 months 24 days
Vested	7 years 2 months 8 days	7 years 9 months 21 days
Forfeited	8 years 10 months 24 days	8 years 5 months 26 days
Aggregate Intrinsic Value
Outstanding	$ 1,188	$ 975	$ 975
Granted	11	0
Vested	0	22
Forfeited	0	27
Outstanding	$ 13	$ 807	$ 1,188	$ 975

EQUITY AWARDS - Information Rel

EQUITY AWARDS - Information Related to Stock Options Plan (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]
Intrinsic value of options exercised	$ 0	$ 79
Cash received from options exercised	$ 72	$ 481
Weighted average fair value of options granted (in USD per share)	$ 5.62	$ 5.21

EQUITY AWARDS - Summary of Rest

EQUITY AWARDS - Summary of Restricted Stock Awards and Units Activity (Details) - Restricted Stock Awards And Units [Member] - $ / shares	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Number of Shares
Outstanding at beginning of year (in shares)	31,459	1,439
Granted (in shares)	0	30,500
Vested (in shares)	(6,100)	0
Forfeited (in shares)	0	0
Balance (in shares)	25,359	31,939
Outstanding at beginning of year	$ 30.29	$ 31.57
Granted	0	30.25
Vested	30.25	0
Forfeited	0	0
Balance	$ 30.29	$ 30.31

EMPLOYEE BENEFITS - Narrative (

EMPLOYEE BENEFITS - Narrative (Details) - USD ($) $ in Thousands	3 Months Ended		12 Months Ended
	Mar. 31, 2020	Mar. 31, 2019	Dec. 31, 2019
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	$ 383	$ 343
Employee stock ownership plan, shares held under plan (in shares)	1,227,096		1,224,697
Employee stock ownership plan, unallocated shares (in shares)	0		0
Cash surrender value of life insurance	$ 34,713		$ 34,495
Bonus expense	478	715	3,265
Executive Incentive Retirement Plan | Postretirement Life Insurance | Nonqualified Plan | Unfunded Plan
Defined Benefit Plan Disclosure [Line Items]
Cash surrender value of life insurance	34,713		34,495
Plan cost	296	$ 285	602
Plan obligation	$ 4,337		$ 4,081

LEASES - Additional Information

LEASES - Additional Information (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019	Dec. 31, 2019
Operating leases, remaining lease term	10 years		10 years
Operating leases, option to extend	7 years
Operating lease right-of-use assets	$ 11,230		$ 11,554
Operating lease right-of-use liabilities	11,385
Occupancy Expenses [Member]
Operating leases, rental expense	$ 477	$ 418
Minimum
Operating leases, remaining lease term	1 year
Maximum
Operating leases, remaining lease term	15 years

LEASES - Schedule of Summarizes

LEASES - Schedule of Summarizes Other Information Related to Operating Leases (Details) - USD ($) $ in Thousands	Mar. 31, 2020	Dec. 31, 2019
Operating leases
Operating lease right-of-use assets	$ 11,230	$ 11,554
Operating lease liabilities	$ 11,385	$ 11,675
Weighted average remaining lease term
Operating leases, remaining lease term	10 years	10 years
Weighted average discount rate
Operating leases	2.68%	2.69%

LEASES - Schedule of Minimum Fu

LEASES - Schedule of Minimum Future Lease Payments Under Non-Cancelable Operating Leases (Details) - USD ($) $ in Thousands	Mar. 31, 2020	Dec. 31, 2019
Leases [Abstract]
2020	$ 1,379
2021	1,430
2022	1,323
2023	1,314
2024	1,312
Thereafter	6,312
Total lease payments	13,070
Less: interest	(1,685)
Present value of lease liabilities	$ 11,385	$ 11,675

INCOME TAXES - Schedule of Inco

INCOME TAXES - Schedule of Income Tax Expense and Effective Tax Rate (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Income Tax Disclosure [Abstract]
Income tax provision	$ 1,445	$ 1,187
Effective tax rate	18.71%	18.19%

INCOME TAXES - Narrative (Detai

INCOME TAXES - Narrative (Details)	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Income Tax Disclosure [Abstract]
Federal statutory tax rate	21.00%	21.00%

DERIVATIVE FINANCIAL INSTRUME_3

DERIVATIVE FINANCIAL INSTRUMENTS - Narrative (Details) - USD ($)	3 Months Ended		12 Months Ended
	Mar. 31, 2020	Mar. 31, 2019	Dec. 31, 2019
Derivative [Line Items]
Ineffectiveness included in net income	$ 0
Interest expense	4,683,000	$ 6,300,000
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
Interest expense	137,000	$ 169,000	$ 648,000
Designated as Hedging Instrument | Cash Flow Hedging | Interest Rate Swap | FHLB Advances
Derivative [Line Items]
Notional amount	$ 40,000,000

DERIVATIVE FINANCIAL INSTRUME_4

DERIVATIVE FINANCIAL INSTRUMENTS - Schedule of Interest Rate Swaps (Details) - Designated as Hedging Instrument - Cash Flow Hedging - USD ($)	3 Months Ended	12 Months Ended
	Mar. 31, 2020	Dec. 31, 2019
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	6 years	6 years 3 months
Unrealized Losses	$ 457,000	$ 314,000
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	2 years 6 months 29 days	2 years 9 months 29 days
Unrealized Losses	$ 287,000	$ 212,000
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
Pay Rate	0.668%
Effective Date	Mar. 18, 2020
Maturity in Years	2 years 11 months 19 days
Unrealized Losses	$ 113,000
Interest Rate Swap, 3 month LIBOR
Derivative [Line Items]
Notional Amount	$ 15,000,000
Pay Rate	0.79%
Effective Date	Mar. 18, 2020
Maturity in Years	4 years 11 months 19 days
Unrealized Losses	$ 224,000
Interest Rate Swap, 3 month LIBOR
Derivative [Line Items]
Notional Amount	$ 10,000,000
Pay Rate	0.53%
Effective Date	Mar. 23, 2020
Maturity in Years	2 years 11 months 23 days
Unrealized Losses	$ 31,000

COMMITMENTS AND CONTINGENCIES -

COMMITMENTS AND CONTINGENCIES - Narrative (Details) - USD ($)	Mar. 31, 2020	Dec. 31, 2019
Other Commitments [Line Items]
FHLB letters of credit	$ 6,800,000
Letters of credit
Other Commitments [Line Items]
Potential guarantee obligation	0	$ 0
Unfunded Commitment
Other Commitments [Line Items]
Allowance for Credit Losses Allocation	$ 0	$ 0

COMMITMENTS AND CONTINGENCIES_2

COMMITMENTS AND CONTINGENCIES - Schedule of Commitments and Letters of Credit (Details) - USD ($) $ in Thousands	Mar. 31, 2020	Dec. 31, 2019
Commitments to extend credit
Other Commitments [Line Items]
Off-balance sheet liability	$ 411,087	$ 440,685
Letters of credit
Other Commitments [Line Items]
Off-balance sheet liability	$ 8,463	$ 9,054

REGULATORY MATTERS - Narrative

REGULATORY MATTERS - Narrative (Details) - USD ($)	Mar. 31, 2020	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Common equity tier 1 capital to risk-weighted assets:
Capital conservation buffer percentage, increase			0.625%	0.625%	0.625%
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
Minimum
Common equity tier 1 capital to risk-weighted assets:
Capital conservation buffer percentage						0.625%
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) - USD ($) $ in Thousands	Mar. 31, 2020	Dec. 31, 2019
Total capital to risk-weighted assets:
Actual, Amount	$ 249,729	$ 253,793
Actual, Ratio	12.65%	13.29%
Minimum Required for Capital Adequacy Purposes, Amount	$ 157,988	$ 152,770
Minimum Required for Capital Adequacy Purposes, Ratio	8.00%	8.00%
Minimum Required Under Basel III Fully Phased-In, Amount	$ 207,359	$ 200,510
Minimum Required Under Basel III Fully Phased-In, Ratio	10.50%	10.50%
Tier 1 capital to risk-weighted assets:
Actual, Amount	$ 227,781	$ 237,591
Actual, Ratio	11.53%	12.44%
Minimum Required for Capital Adequacy Purposes, Amount	$ 118,491	$ 114,577
Minimum Required for Capital Adequacy Purposes, Ratio	6.00%	6.00%
Minimum Required Under Basel III Fully Phased-In, Amount	$ 167,862	$ 162,318
Minimum Required Under Basel III Fully Phased-In, Ratio	8.50%	8.50%
Tier 1 capital to average assets:
Actual, Amount	$ 227,781	$ 237,591
Actual, Ratio	9.97%	10.29%
Minimum Required for Capital Adequacy Purposes, Amount	$ 91,421	$ 92,318
Minimum Required for Capital Adequacy Purposes, Ratio	4.00%	4.00%
Minimum Required Under Basel III Fully Phased-In, Amount	$ 91,421	$ 92,318
Minimum Required Under Basel III Fully Phased-In, Ratio	4.00%	4.00%
Common equity tier 1 capital to risk-weighted assets:
Actual, Amount	$ 217,471	$ 227,281
Actual, Ratio	11.01%	11.90%
Minimum Required for Capital Adequacy Purposes, Amount	$ 88,868	$ 85,933
Minimum Required for Capital Adequacy Purposes, Ratio	4.50%	4.50%
Minimum Required Under Basel III Fully Phased-In, Amount	$ 138,239	$ 133,674
Minimum Required Under Basel III Fully Phased-In, Ratio	7.00%	7.00%
Bank
Total capital to risk-weighted assets:
Actual, Amount	$ 268,880	$ 249,643
Actual, Ratio	13.62%	13.07%
Minimum Required for Capital Adequacy Purposes, Amount	$ 157,988	$ 152,774
Minimum Required for Capital Adequacy Purposes, Ratio	8.00%	8.00%
Minimum Required Under Basel III Fully Phased-In, Amount	$ 207,359	$ 200,516
Minimum Required Under Basel III Fully Phased-In, Ratio	10.50%	10.50%
To Be Well Capitalized Under Prompt Corrective Action Provisions, Amount	$ 197,485	$ 190,968
To Be Well Capitalized Under Prompt Corrective Action Provisions, Ratio	10.00%	10.00%
Tier 1 capital to risk-weighted assets:
Actual, Amount	$ 246,932	$ 233,441
Actual, Ratio	12.50%	12.22%
Minimum Required for Capital Adequacy Purposes, Amount	$ 118,491	$ 114,581
Minimum Required for Capital Adequacy Purposes, Ratio	6.00%	6.00%
Minimum Required Under Basel III Fully Phased-In, Amount	$ 167,862	$ 162,322
Minimum Required Under Basel III Fully Phased-In, Ratio	8.50%	8.50%
To Be Well Capitalized Under Prompt Corrective Action Provisions, Amount	$ 157,988	$ 152,774
To Be Well Capitalized Under Prompt Corrective Action Provisions, Ratio	8.00%	8.00%
Tier 1 capital to average assets:
Actual, Amount	$ 246,932	$ 233,441
Actual, Ratio	10.80%	10.11%
Minimum Required for Capital Adequacy Purposes, Amount	$ 91,424	$ 92,321
Minimum Required for Capital Adequacy Purposes, Ratio	4.00%	4.00%
Minimum Required Under Basel III Fully Phased-In, Amount	$ 91,424	$ 92,321
Minimum Required Under Basel III Fully Phased-In, Ratio	4.00%	4.00%
To Be Well Capitalized Under Prompt Corrective Action Provisions, Amount	$ 114,280	$ 115,401
To Be Well Capitalized Under Prompt Corrective Action Provisions, Ratio	5.00%	5.00%
Common equity tier 1 capital to risk-weighted assets:
Actual, Amount	$ 246,932	$ 233,441
Actual, Ratio	12.50%	12.22%
Minimum Required for Capital Adequacy Purposes, Amount	$ 88,868	$ 85,935
Minimum Required for Capital Adequacy Purposes, Ratio	4.50%	4.50%
Minimum Required Under Basel III Fully Phased-In, Amount	$ 138,239	$ 133,677
Minimum Required Under Basel III Fully Phased-In, Ratio	7.00%	7.00%
To Be Well Capitalized Under Prompt Corrective Action Provisions, Amount	$ 128,365	$ 124,129
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	Mar. 31, 2020	Dec. 31, 2019
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available for sale	$ 377,062	$ 212,716
Loans held for sale	4,024	2,368
Cash surrender value of life insurance	34,713	34,495
SBA servicing assets	713	672
Derivative instrument assets	1,112	526
Derivative instrument liabilities	(1,112)	(526)
Mortgage-backed securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available for sale	96,420	84,182
Collateralized mortgage obligations
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available for sale	87,404	90,927
Corporate bonds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available for sale	19,689	20,259
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	96,420	84,182
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	87,404	90,927
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	19,689	20,259
Assets at fair value on a nonrecurring basis:
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Impaired loans		20,028
Municipal securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available for sale	173,549	17,348
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	173,549	17,348
Municipal securities
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
Municipal securities | 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
Municipal securities | 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
Municipal securities | 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
Municipal securities | Assets at fair value on a nonrecurring basis:
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Impaired loans		0
Municipal securities | 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	34,713	34,495
SBA servicing assets	0	0
Derivative instrument assets	1,112	526
Derivative instrument liabilities	(1,112)	(526)
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	96,420	84,182
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	87,404	90,927
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	19,689	20,259
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]
Impaired loans		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	173,549	17,348
Significant Other Unobservable Inputs (Level 3)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Loans held for sale	4,024	2,368
Cash surrender value of life insurance	0	0
SBA servicing assets	713	672
Derivative instrument assets	0	0
Derivative instrument liabilities	0	0
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 at fair value on a nonrecurring basis:
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Impaired loans		20,028
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	Mar. 31, 2020	Dec. 31, 2019	Mar. 31, 2019
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	$ 176	$ 147	$ 130
Carrying Value | Other real estate owned remeasured subsequent to initial recognition
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Foreclosed assets	6	35	0
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	(66)	(11)	(6)
Charge-offs | Other real estate owned remeasured subsequent to initial recognition
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Foreclosed assets	(2)	(10)	0
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	110	136	124
Fair Value | Other real estate owned remeasured subsequent to initial recognition
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Foreclosed assets	$ 4	$ 25	$ 0

FAIR VALUE - Schedule of Quanti

FAIR VALUE - Schedule of Quantitative Information About Nonrecurring Level 3 Fair Value Measurements (Details) $ in Thousands	Mar. 31, 2020USD ($)	Dec. 31, 2019USD ($)
Assets at fair value on a nonrecurring basis:
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Impaired loans		$ 20,028
Assets at fair value on a nonrecurring basis: | Significant Other Unobservable Inputs (Level 3)
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Impaired loans		20,028
Cost to Sell | Other real estate owned | Appraisal value of collateral | 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	$ 605	603
Cost to Sell | Impaired loans | Fair value of collateral- sales comparison approach | Assets at fair value on a nonrecurring basis: | Significant Other Unobservable Inputs (Level 3)
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Impaired loans		$ 20,028
Minimum | Cost to Sell | Other real estate owned | Appraisal value of collateral
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Other real estate owned, input (percent)	0.10	0.10
Minimum | Cost to Sell | Impaired loans | Fair value of collateral- sales comparison approach | Real Estate
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Impaired loans, input (percent)		0.10
Minimum | Cost to Sell | Impaired loans | Fair value of collateral- sales comparison approach | Equipment
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Impaired loans, input (percent)		0.10
Maximum | Cost to Sell | Other real estate owned | Appraisal value of collateral
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Other real estate owned, input (percent)	0.20	0.20
Maximum | Cost to Sell | Impaired loans | Fair value of collateral- sales comparison approach | Real Estate
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Impaired loans, input (percent)		0.20
Maximum | Cost to Sell | Impaired loans | Fair value of collateral- sales comparison approach | Equipment
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Impaired loans, input (percent)		0.20
Weighted Average | Cost to Sell | Other real estate owned | Appraisal value of collateral
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Other real estate owned, input (percent)	0.16	0.16
Weighted Average | Cost to Sell | Impaired loans | Fair value of collateral- sales comparison approach | Real Estate
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Impaired loans, input (percent)		0.16
Weighted Average | Cost to Sell | Impaired loans | Fair value of collateral- sales comparison approach | Equipment
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Impaired loans, input (percent)		0.19

FAIR VALUE - Schedule of Indivi

FAIR VALUE - Schedule of Individually Evaluated Collateral Dependent Loans at Fair Value (Details) $ in Thousands	Mar. 31, 2020USD ($)
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items]
Total fair value of individually evaluated collateral dependent loans	$ 8,926
Level 1 Inputs
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items]
Total fair value of individually evaluated collateral dependent loans	0
Level 2 Inputs
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items]
Total fair value of individually evaluated collateral dependent loans	0
Level 3 Inputs
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items]
Total fair value of individually evaluated collateral dependent loans	8,926
1-4 Family Residential
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items]
Total fair value of individually evaluated collateral dependent loans	0
1-4 Family Residential | Level 1 Inputs
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items]
Total fair value of individually evaluated collateral dependent loans	0
1-4 Family Residential | Level 2 Inputs
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items]
Total fair value of individually evaluated collateral dependent loans	0
1-4 Family Residential | Level 3 Inputs
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items]
Total fair value of individually evaluated collateral dependent loans	0
Multi-Family Residential
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items]
Total fair value of individually evaluated collateral dependent loans	0
Multi-Family Residential | Level 1 Inputs
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items]
Total fair value of individually evaluated collateral dependent loans	0
Multi-Family Residential | Level 2 Inputs
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items]
Total fair value of individually evaluated collateral dependent loans	0
Multi-Family Residential | Level 3 Inputs
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items]
Total fair value of individually evaluated collateral dependent loans	0
Construction and Development
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items]
Total fair value of individually evaluated collateral dependent loans	531
Construction and Development | Level 1 Inputs
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items]
Total fair value of individually evaluated collateral dependent loans	0
Construction and Development | Level 2 Inputs
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items]
Total fair value of individually evaluated collateral dependent loans	0
Construction and Development | Level 3 Inputs
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items]
Total fair value of individually evaluated collateral dependent loans	531
Commercial Real Estate
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items]
Total fair value of individually evaluated collateral dependent loans	8,277
Commercial Real Estate | Level 1 Inputs
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items]
Total fair value of individually evaluated collateral dependent loans	0
Commercial Real Estate | Level 2 Inputs
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items]
Total fair value of individually evaluated collateral dependent loans	0
Commercial Real Estate | Level 3 Inputs
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items]
Total fair value of individually evaluated collateral dependent loans	8,277
Farmland
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items]
Total fair value of individually evaluated collateral dependent loans	0
Farmland | Level 1 Inputs
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items]
Total fair value of individually evaluated collateral dependent loans	0
Farmland | Level 2 Inputs
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items]
Total fair value of individually evaluated collateral dependent loans	0
Farmland | Level 3 Inputs
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items]
Total fair value of individually evaluated collateral dependent loans	0
Commercial and Industrial
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items]
Total fair value of individually evaluated collateral dependent loans	118
Commercial and Industrial | Level 1 Inputs
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items]
Total fair value of individually evaluated collateral dependent loans	0
Commercial and Industrial | Level 2 Inputs
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items]
Total fair value of individually evaluated collateral dependent loans	0
Commercial and Industrial | Level 3 Inputs
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items]
Total fair value of individually evaluated collateral dependent loans	118
Consumer
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items]
Total fair value of individually evaluated collateral dependent loans	0
Consumer | Level 1 Inputs
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items]
Total fair value of individually evaluated collateral dependent loans	0
Consumer | Level 2 Inputs
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items]
Total fair value of individually evaluated collateral dependent loans	0
Consumer | Level 3 Inputs
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items]
Total fair value of individually evaluated collateral dependent loans	0
Agricultural
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items]
Total fair value of individually evaluated collateral dependent loans	0
Agricultural | Level 1 Inputs
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items]
Total fair value of individually evaluated collateral dependent loans	0
Agricultural | Level 2 Inputs
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items]
Total fair value of individually evaluated collateral dependent loans	0
Agricultural | Level 3 Inputs
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items]
Total fair value of individually evaluated collateral dependent loans	0
Overdraft
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items]
Total fair value of individually evaluated collateral dependent loans	0
Overdraft | Level 1 Inputs
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items]
Total fair value of individually evaluated collateral dependent loans	0
Overdraft | Level 2 Inputs
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items]
Total fair value of individually evaluated collateral dependent loans	0
Overdraft | Level 3 Inputs
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items]
Total fair value of individually evaluated collateral dependent loans	$ 0

FAIR VALUE - Schedule of Carryi

FAIR VALUE - Schedule of Carrying Amounts and Estimated Fair Value of Assets And Liabilities (Details) - USD ($) $ in Thousands	Mar. 31, 2020	Dec. 31, 2019
Financial assets:
Marketable securities held to maturity		$ 160,460
Reported Value Measurement
Financial assets:
Cash, due from banks, federal funds sold and interest-bearing deposits	$ 146,928	90,714
Marketable securities held to maturity		155,458
Loans, net	1,696,861	1,690,794
Accrued interest receivable	8,148	9,151
Nonmarketable equity securities	12,323	12,301
Financial liabilities:
Deposits	2,000,426	1,956,804
Securities sold under repurchase agreements	11,843	11,100
Accrued interest payable	1,410	1,642
Federal Home Loan Bank advances	70,614	55,118
Subordinated debentures	10,810	10,810
Fair Value
Financial assets:
Cash, due from banks, federal funds sold and interest-bearing deposits	146,928	90,714
Marketable securities held to maturity		160,460
Loans, net	1,715,503	1,705,155
Accrued interest receivable	8,148	9,151
Nonmarketable equity securities	12,323	12,301
Financial liabilities:
Deposits	2,004,828	1,958,978
Securities sold under repurchase agreements	11,843	11,100
Accrued interest payable	1,410	1,642
Federal Home Loan Bank advances	70,874	55,125
Subordinated debentures	8,360	8,677
Fair Value | Level 1 Inputs
Financial assets:
Cash, due from banks, federal funds sold and interest-bearing deposits	146,928	90,714
Marketable securities held to maturity		0
Loans, net	0	0
Accrued interest receivable	0	0
Nonmarketable equity securities	0	0
Financial liabilities:
Deposits	1,497,464	1,438,509
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
Marketable securities held to maturity		160,460
Loans, net	0	0
Accrued interest receivable	8,148	9,151
Nonmarketable equity securities	12,323	12,301
Financial liabilities:
Deposits	507,364	520,469
Securities sold under repurchase agreements	11,843	11,100
Accrued interest payable	1,410	1,642
Federal Home Loan Bank advances	70,874	55,125
Subordinated debentures	8,360	8,677
Fair Value | Level 3 Inputs
Financial assets:
Cash, due from banks, federal funds sold and interest-bearing deposits	0	0
Marketable securities held to maturity		0
Loans, net	1,715,503	1,705,155
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
	Mar. 31, 2020	Mar. 31, 2019
Numerator:
Net earnings (basic)	$ 6,278	$ 5,337
Net earnings (diluted)	$ 6,278	$ 5,337
Denominator:
Weighted-average shares outstanding (basic) (in shares)	11,432,391	11,815,966
Effect of dilutive securities:
Common stock equivalent shares from stock options (in shares)		43,492
Weighted-average shares outstanding (diluted) (in shares)	11,432,391	11,859,458
Net earnings per share
Basic (in USD per share)	$ 0.55	$ 0.45
Diluted (in USD per share)	$ 0.55	$ 0.45