HCSB Financial (HCFB) 10-K 3 Mar 17 2016 FY Annual report Financial data

Document and Entity Information

Document and Entity Information - USD ($)	12 Months Ended
	Dec. 31, 2016	Feb. 24, 2017	Jun. 30, 2016
Entity Registrant Name	HCSB FINANCIAL CORP
Entity Central Index Key	1,091,491
Document Type	10-K
Document Period End Date	Dec. 31, 2016
Amendment Flag	false
Current Fiscal Year End Date	--12-31
Entity a Well-known Seasoned Issuer	No
Entity a Voluntary Filer	No
Entity's Reporting Status Current	Yes
Entity Filer Category	Smaller Reporting Company
Entity Public Float			$ 37,247,710
Entity Common Stock, Shares Outstanding		0
Document Fiscal Period Focus	FY
Document Fiscal Year Focus	2,016
Voting Common Stock [Member]
Entity Common Stock, Shares Outstanding		405,232,383
Nonvoting Common Stock [Member]
Entity Common Stock, Shares Outstanding		90,531,557

CONSOLIDATED BALANCE SHEETS

CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Cash and cash equivalents:
Cash and due from banks	$ 25,429	$ 22,137	$ 28,527
Investment securities:
Securities available-for-sale	106,529	89,701	106,674
Nonmarketable equity securities	1,345	1,330	1,342
Total investment securities	107,874	91,031	108,016
Loans receivable	215,112	209,367	235,543
Less allowance for loan losses	(3,750)	(4,601)	(5,787)
Loans, net	211,362	204,766	229,756
Premises, furniture and equipment, net	14,314	15,917	20,292
Accrued interest receivable	1,303	1,745	1,973
Cash value of life insurance	11,643	11,319	11,002
Other real estate owned	2,887	13,624	19,501
Other assets	1,122	884	2,380
Total assets	375,934	361,423	421,447
Deposits:
Noninterest-bearing transaction accounts	41,324	40,182	40,172
Interest-bearing transaction accounts	42,408	40,478	44,283
Money market savings accounts	71,486	65,806	75,811
Other savings accounts	11,820	10,394	10,272
Time deposits $250 and above	18,510	23,236	26,036
Other time deposits	127,721	150,735	194,763
Total deposits	313,269	330,831	391,337
Repurchase Agreements	1,983	1,716	1,612
Advances from the Federal Home Loan Bank	24,000	17,000	17,000
Subordinated debentures		11,021	11,011
Junior subordinated debentures		6,117	6,113
Accrued interest payable	155	5,958	4,583
Other liabilities	1,200	1,030	1,038
Total liabilities	340,607	373,673	432,694
Commitments and contingencies (Notes 5, 13, & 14)
Shareholders' Equity
Capital surplus	68,411	30,220	30,214
Common stock warrants		1,012	1,012
Retained deficit	(34,783)	(54,807)	(54,561)
Accumulated other comprehensive loss	(3,259)	(1,608)	(845)
Total shareholders' deficit	35,327	(12,250)	(11,247)
Total liabilities and shareholders' deficit	375,934	361,423	421,447
Series A Preferred Stock [Member]
Shareholders' Equity
Preferred stock, $0.01 par value; 5,000,000 shares authorized; Series A, no shares issued and outstanding Series T, no shares issued and outstanding at December 31, 2016; 12,895 shares issued and outstanding at December 31, 2015 and 2014
Series T Preferred Stock [Member]
Shareholders' Equity
Preferred stock, $0.01 par value; 5,000,000 shares authorized; Series A, no shares issued and outstanding Series T, no shares issued and outstanding at December 31, 2016; 12,895 shares issued and outstanding at December 31, 2015 and 2014		12,895	12,895
Voting Common Stock [Member]
Shareholders' Equity
Common stock, Voting, $0.01 par value; 500,000,000 shares authorized; 405,232,383, 3,846,340 and 3,816,340 issued and outstanding at December 31, 2016, 2015 and 2014, respectively; Common stock, Non-voting, $0.01 par value; 150,000,000 shares authorized; 90,531,557 shares issued and outstanding at December 31, 2016; no shares issued and outstanding at December 31, 2015 and 2014	4,053	38	38
Nonvoting Common Stock [Member]
Shareholders' Equity
Common stock, Voting, $0.01 par value; 500,000,000 shares authorized; 405,232,383, 3,846,340 and 3,816,340 issued and outstanding at December 31, 2016, 2015 and 2014, respectively; Common stock, Non-voting, $0.01 par value; 150,000,000 shares authorized; 90,531,557 shares issued and outstanding at December 31, 2016; no shares issued and outstanding at December 31, 2015 and 2014	$ 905

CONSOLIDATED BALANCE SHEETS (Pa

CONSOLIDATED BALANCE SHEETS (Parenthetical) - $ / shares	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Preferred stock, par value (in dollars per share)	$ 0.01	$ 0.01	$ 0.01
Preferred stock, shares authorized	5,000,000	5,000,000	5,000,000
Common stock, par value (in dollars per share)	$ 0.01	$ 0.01	$ 0.01
Common stock, shares authorized	500,000,000	500,000,000	500,000,000
Common stock, shares issued	405,232,383	3,846,340	3,816,340
Series A Preferred Stock [Member]
Preferred stock, par value (in dollars per share)	$ 0.01	$ 0.01	$ 0.01
Preferred stock, shares authorized	5,000,000	5,000,000	5,000,000
Preferred stock, shares issued
Preferred stock, shares outstanding
Series T Preferred Stock [Member]
Preferred stock, par value (in dollars per share)	$ 0.01	$ 0.01	$ 0.01
Preferred stock, shares authorized	5,000,000	5,000,000	5,000,000
Preferred stock, shares issued		12,895	12,895
Preferred stock, shares outstanding		12,895	12,895
Voting Common Stock [Member]
Common stock, par value (in dollars per share)	$ 0.01	$ 0.01	$ 0.01
Common stock, shares authorized	500,000,000	500,000,000	500,000,000
Common stock, shares issued	405,232,383	3,846,340	3,816,340
Common stock, shares outstanding	405,232,383	3,846,340	3,816,340
Nonvoting Common Stock [Member]
Common stock, par value (in dollars per share)	$ 0.01	$ 0.01	$ 0.01
Common stock, shares authorized	150,000,000	150,000,000	150,000,000
Common stock, shares issued	90,531,557
Common stock, shares outstanding	90,531,557

CONSOLIDATED STATEMENTS OF OPER

CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Interest income:
Loans, including fees	$ 10,361	$ 11,628	$ 13,417
Investment securities:
Taxable	1,747	1,980	2,542
Tax-exempt			14
Nonmarketable equity securities	52	51	60
Other interest income	208	67	62
Total	12,368	13,726	16,095
Interest expense:
Deposits	2,045	2,432	2,995
Borrowings	927	2,022	2,059
Total	2,972	4,454	5,054
Net interest income	9,396	9,272	11,041
Provision for loan losses	3,923		1,061
Net interest income after provision for loan losses	5,473	9,272	9,980
Noninterest income:
Service charges on deposit accounts	706	744	880
Net gains on sales of securities available-for-sale	68	232	201
Mortgage banking income	48	181	229
Other fees and commissions	309	404	438
Brokerage commissions	13	85	79
Income from cash value life insurance	441	431	440
Net gains (losses) on sales of assets	(222)	717	6
Gain from early extinguishment of debt	19,115
Proceeds from bank owned life insurance			940
Other operating income	136	341	343
Total	20,614	3,135	3,556
Noninterest expense:
Salaries and employee benefits	6,218	5,383	5,606
Net occupancy expense	1,036	1,122	1,220
Furniture and equipment	900	1,011	1,023
Net cost of operations of other real estate owned	6,266	632	1,411
FDIC insurance premiums	740	1,391	1,574
Other operating expenses	4,071	3,087	2,915
Total	19,231	12,626	13,749
Net income (loss) before income taxes	6,856	(219)	(213)
Income tax expense	610	27	78
Net income (loss)	6,246	(246)	(291)
Preferred dividends and accretion of preferred stock		(1,512)	(1,112)
Gain on redemption of preferred shares	13,778
Net income (loss) available to common shareholders	$ 20,024	$ (1,758)	$ (1,403)
Net income (loss) per common share, basic	$ 0.07	$ (0.46)	$ (0.37)
Net income (loss) per common share, diluted	$ 0.07	$ (0.46)	$ (0.37)
Weighted average common shares outstanding
Basic	301,460,946	3,823,244	3,770,355
Diluted	307,252,250	3,823,244	3,770,355

CONSOLIDATED STATEMENTS OF COMP

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Statement of Comprehensive Income [Abstract]
Net income (loss)	$ 6,246	$ (246)	$ (291)
Unrealized gains (losses) on securities available-for-sale:
Unrealized holding gains (losses) arising during the period	(1,583)	(531)	5,629
Reclassification to realized gains	(68)	(232)	(201)
Other comprehensive income (loss)	(1,651)	(763)	5,428
Comprehensive income (loss)	$ 4,595	$ (1,009)	$ 5,137

CONSOLIDATED STATEMENTS OF CHAN

CONSOLIDATED STATEMENTS OF CHANGES IN SHAREHOLDERS' EQUITY - USD ($) $ in Thousands	Common Stock [Member]	Common Stock Warrant [Member]	Preferred Stock [Member]	Capital Surplus [Member]	Retained Earnings [Member]	Accumulated Other Comprehensive Income (Loss) [Member]	Total
Beginning Balance at Dec. 31, 2013	$ 37	$ 1,012	$ 12,838	$ 30,157	$ (54,213)	$ (6,273)	$ (16,442)
Beginning Balance, shares at Dec. 31, 2013	3,738,337		12,895
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net loss					(291)		(291)
Other comprehensive income						5,428	5,428
Sale/Issuance of common stock	$ 1			57			58
Sale/Issuance of common stock, Shares	78,003
Redemption of Series T preferred stock and CPP Warrant
Issuance of Series A preferred stock
Stock issuance costs
Stock-based compensation expense
Accretion of preferred stock to redemption value			$ 57		(57)
Ending Balance at Dec. 31, 2014	$ 38	1,012	$ 12,895	30,214	(54,561)	(845)	(11,247)
Ending Balance, shares at Dec. 31, 2014	3,816,340		12,895
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net loss					(246)		(246)
Other comprehensive income						(763)	(763)
Sale/Issuance of common stock				6			6
Sale/Issuance of common stock, Shares	30,000
Redemption of Series T preferred stock and CPP Warrant
Issuance of Series A preferred stock
Stock issuance costs
Stock-based compensation expense
Ending Balance at Dec. 31, 2015	$ 38	1,012	$ 12,895	30,220	(54,807)	(1,608)	(12,250)
Ending Balance, shares at Dec. 31, 2015	3,846,340		12,895
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net loss					6,246		6,246
Other comprehensive income						(1,651)	(1,651)
Sale/Issuance of common stock	$ 3,737			33,627			37,364
Sale/Issuance of common stock, Shares	373,636,043
Redemption of Series T preferred stock and CPP Warrant		(1,012)	$ (12,895)		13,778		(129)
Redemption of Series T preferred stock and CPP Warrant, Shares			(12,895)
Issuance of Series A preferred stock			$ 9	9,044			9,053
Issuance of Series A preferred stock, Shares			905,316
Stock issuance costs				(3,491)			(3,491)
Issuance of restricted stock	$ 278			(278)
Issuance of restricted stock, Shares	27,750,000
Stock conversion	$ 905		$ (9)	(896)
Stock conversion, Shares	90,531,557		(905,316)
Stock-based compensation expense				185			185
Ending Balance at Dec. 31, 2016	$ 4,958			$ 68,411	$ (34,783)	$ (3,259)	$ 35,327
Ending Balance, shares at Dec. 31, 2016	495,763,940

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Cash flows from operating activities:
Net income (loss)	$ 6,246	$ (246)	$ (291)
Adjustments to reconcile net loss to net cash provided by operating activities:
Provision for loan losses	3,923		1,061
Depreciation expense	659	742	789
Stock compensation expense	185
Amortization net of accretion on investments	432	153	266
Amortization of debt issuance costs	2
Gains on sales of securities available-for-sale	(68)	(232)	(201)
(Gains) losses on sales of other real estate owned	(90)	(333)	26
Writedowns of other real estate owned	5,665	226	317
Net gain on sale of branches		(736)
Loss on sale of loans	224
Net (gains) losses on sale of other assets	(2)	19	(6)
Gain from early extinguishment of debt	(19,115)
Decrease in accrued interest receivable	442	228	224
Income (net of mortality costs) on cash value of life insurance	(324)	(317)
(Increase) decrease in other assets	(646)	1,491	1,708
Increase in accrued interest payable	429	1,383	1,278
Increase (decrease) in other liabilities	170	22	(56)
Net cash (used by) provided by operating activities	(1,868)	2,400	5,115
Cash flows from investing activities:
Purchases of securities available-for-sale	(80,655)	(22,879)	(59,354)
Maturities, calls and paydowns of securities available-for-sale	36,711	15,842	19,822
Proceeds from sales of securities available-for-sale	25,101	23,326	32,823
(Purchase) redemptions of nonmarketable equity securities	(15)	12	401
Net (increase) decrease in loans to customers	(11,315)	15,204	13,981
Net sales (purchases) of premises, furniture and equipment	944	(244)	(279)
Net cash paid in branch sale		(23,933)
Proceeds from sales of other real estate owned	5,958	10,042	7,311
Net cash provided by investing activities	(23,271)	17,370	14,705
Cash flows from financing activities:
Net increase in demand deposits and savings	10,178	7,188	7,033
Net decrease in time deposits	(27,740)	(33,458)	(21,740)
Net increase in repurchase agreements	267	104	275
Net change in advances from Federal Home Loan Bank	7,000		(5,000)
Redemption of subordinated debentures	(3,454)
Redemption of junior subordinated debentures	(617)
Redemption of Series T preferred stock and CPP Warrant	(129)
Issuance of Series A preferred stock	9,053
Issuance of common stock	37,364	6	58
Stock issuance costs	(3,491)
Net cash used by financing activities	28,431	(26,160)	(19,374)
Net increase (decrease) in cash and cash equivalents	3,292	(6,390)	446
Cash and cash equivalents, beginning of year	22,137	28,527	28,081
Cash and cash equivalents, end of year	25,429	22,137	28,527
Supplemental information:
Cash paid for interest	2,543	3,079	3,776
Cash paid for income taxes	645	16	78
Supplemental noncash investing and financing activities:
Transfers of loans to other real estate owned	796	4,058	2,183
Change in unrealized gains (losses) on securities available-for-sale	$ (1,651)	$ (763)	$ 5,428

ORGANIZATION AND SIGNIFICANT AC

ORGANIZATION AND SIGNIFICANT ACCOUNTING POLICIES	12 Months Ended
	Dec. 31, 2016
Organization, Consolidation and Presentation of Financial Statements [Abstract]
ORGANIZATION AND SIGNIFICANT ACCOUNTING POLICIES	NOTE 1 – ORGANIZATION, SIGNIFICANT ACCOUNTING POLICIES AND RECENT DEVELOPMENTS Basis of Presentation and Consolidation Management’s Estimates Material estimates that are particularly susceptible to significant change relate to the determination of the allowance for loan losses, including valuation allowances for impaired loans, and the carrying amount of real estate acquired in connection with foreclosures or in satisfaction of loans. Management must also make estimates in determining the estimated useful lives and methods for depreciating premises and equipment. While management uses available information to recognize losses on loans and foreclosed real estate, future additions to the allowance may be necessary based on changes in local economic conditions. In addition, regulatory agencies, as an integral part of their examination process, periodically review the Company’s allowances for losses on loans and foreclosed real estate. Such agencies may require the Company to recognize additions to the allowances based on their judgments about information available to them at the time of their examination. Because of these factors, it is reasonably possible that the allowances for losses on loans and foreclosed real estate may change materially in the near term. Investment Securities Nonmarketable Equity Securities At December 31, 2016, 2015 and 2014, the investment in FHLB stock was $1.3 million, $1.1 million and $1.2 million, respectively. The Trust was also included in nonmarketable equities at December 31, 2015 and 2014 and totaled $186 thousand. Loans Receivable Loan origination and commitment fees and certain direct loan origination costs (principally salaries and employee benefits) are deferred and amortized to income over the contractual life of the related loans or commitments, adjusted for prepayments, using the straight-line method. For all classes of loans, loans are considered impaired when, based on current information and events, it is probable the Company will be unable to collect all amounts due in accordance with the original contractual terms of the loan agreement, including scheduled principal and interest payments. Impaired loans may include all classes of nonaccrual loans and loans modified in a troubled debt restructuring (“TDR”). If a loan is impaired, a specific valuation allowance is allocated, if necessary, so that the loan is reported net, at the present value of estimated future cash flows using the interest rate implicit in the original agreement or at the fair value of collateral if repayment is expected solely from the collateral. Interest payments on impaired loans are typically applied to principal unless collectability of the principal amount is probable, in which case interest is recognized on a cash basis. Impaired loans, or portions thereof, are charged off when deemed uncollectible. Impairment of a loan is measured based on the present value of expected future cash flows discounted at the loan’s effective interest rate or the fair value of the collateral, if the loan is collateral dependent. When management determines that a loan is impaired, the difference between the Company’s investment in the related loan and the present value of the expected future cash flows, or the fair value of the collateral, is charged off with a corresponding entry to the allowance for loan losses or a specific reserve is set aside within the allowance for loan losses. The accrual of interest is discontinued on an impaired loan when management determines the borrower may be unable to meet payments as they become due. Concentrations of Credit Risk The Company makes loans to individuals and small businesses for various personal and commercial purposes primarily throughout Horry County in South Carolina and Columbus and Brunswick counties of North Carolina. The Company’s loan portfolio is not concentrated in loans to any single borrower or a relatively small number of borrowers. Additionally, management is not aware of any concentrations of loans to classes of borrowers or industries that would be similarly affected by economic conditions except for loans secured by residential and commercial real estate and commercial and industrial non-real estate loans. These concentrations of residential and commercial real estate loans and commercial and industrial non-real estate loans totaled $176.3 million and $33.8 million, respectively, at December 31, 2016, representing 81.97% and 15.71%, respectively, of gross loans receivable. In addition to monitoring potential concentrations of loans to particular borrowers or groups of borrowers, industries and geographic regions, management monitors exposure to credit risk from concentrations of lending products and practices such as loans that subject borrowers to substantial payment increases (e.g. principal deferral periods, loans with initial interest-only periods, etc.), and loans with high loan-to-value ratios. Management has determined that there is no concentration of credit risk associated with its lending policies or practices. Additionally, there are industry practices that could subject the Company to increased credit risk should economic conditions change over the course of a loan’s life. For example, the Company makes variable rate loans and fixed rate principal-amortizing loans with maturities prior to the loan being fully paid (i.e. balloon payment loans). These loans are underwritten and monitored to manage the associated risks. Therefore, management believes that these particular practices do not subject the Company to unusual credit risk. The Company’s investment portfolio consists principally of obligations of the United States, its agencies or its corporations and general obligation municipal securities. In the opinion of management, there is no concentration of credit risk in its investment portfolio. The Company places its deposits and correspondent accounts with and sells its federal funds to high quality institutions. Management believes credit risk associated with correspondent accounts is not significant. Allowance for Loan Losses No assurance can be given that management's ongoing evaluation of the loan portfolio in light of changing economic conditions and other relevant circumstances will not require significant future additions to the allowance, thus adversely affecting the operating results of the Company. The allowance is subject to examination by regulatory agencies, which may consider such factors as the methodology used to determine adequacy and the size of the allowance relative to that of peer institutions, and other adequacy tests. In addition, such regulatory agencies could require the Company to adjust its allowance based on information available to them at the time of their examination. The methodology used to determine the reserve for unfunded lending commitments, which is included in other liabilities, is inherently similar to that used to determine the allowance for loan losses adjusted for factors specific to binding commitments, including the probability of funding and historical loss ratio. Premises, Furniture and Equipment Maintenance and repairs are charged to current expense as incurred, and the costs of major renewals and improvements are capitalized. Other Real Estate Owned Any write-downs at the dates of acquisition are charged to the allowance for loan losses. Expenses to maintain such assets, subsequent write-downs, and gains and losses on disposal are included in net cost of operations of other real estate owned on the statement of operations. Income and Expense Recognition Income Taxes Deferred income taxes are determined using the balance sheet method. Under this method, the net deferred tax asset or liability is based on the tax impacts of the differences between the book and tax bases of assets and liabilities and recognizes enacted changes in tax rates and laws in the period in which they occur. Deferred income tax expense results from changes in deferred tax assets and liabilities between periods. Deferred tax assets are recognized subject to the Company’s judgment that realization is more likely than not. A tax position that meets the more likely than not recognition threshold is measured to determine the amount of benefit to recognize. The tax position is measured at the largest amount of benefit that is greater than 50% likely of being realized upon settlement. Interest and penalties, if any, are recognized as a component of income tax expense. The Company reviews the deferred tax assets for recoverability based on history of earnings, expectations for future earnings and expected timing of reversals of temporary differences. Realization of a deferred tax asset ultimately depends on the existence of sufficient taxable income available under tax law, including future reversals of existing temporary differences, future taxable income exclusive of reversing differences, taxable income in prior carryback years, projections of future operating results, cumulative tax losses over the past three years, tax loss deductibility limitations, and available tax planning strategies. If, based on available information, it is more likely than not that the deferred income tax asset will not be realized, a valuation allowance against the deferred tax asset must be established with a corresponding charge to income tax expense. The deferred tax assets and valuation allowance are evaluated each quarter, and a portion of the valuation allowance may be reversed in future periods. The determination of how much of the valuation allowance that may be reversed and the timing is based on future results of operation and the amount and timing of actual loan charge-offs and asset write-downs. At December 31, 2016, 2015 and 2014, the Company’s deferred tax asset was offset in its entirety by a valuation allowance. The Company believes that its income tax filing positions taken or expected to be taken in its tax returns will more likely than not be sustained upon audit by the taxing authorities and does not anticipate any adjustments that will result in a material adverse impact on the Company’s financial condition, results of operations, or cash flow. Therefore, no reserves for uncertain income tax positions have been recorded. Advertising Expense Net Income (Loss) Per Common Share Comprehensive Income Statements of Cash Flows Off-Balance Sheet Financial Instruments Recently Issued Accounting Pronouncements In May 2014, the Financial Accounting Standards Board (“FASB”) issued guidance to change the recognition of revenue from contracts with customers, Accounting Standards Update (“ASU”) 2014-09, Revenue from Contracts with Customers. The core principle of the new guidance is that an entity should recognize revenue to reflect the transfer of goods and services to customers in an amount equal to the consideration the entity receives or expects to receive. This guidance also includes expanded disclosure requirements that result in an entity providing users of financial statements with comprehensive information about the nature, amount, timing, and uncertainty of revenue and cash flows arising from the entity’s contracts with customers. In August 2015, the FASB deferred the effective date of ASU 2014-09 As a result of the deferral, the guidance in ASU 2014-09 will be effective for the Company for reporting periods beginning after December 15, 2017. The Company does not expect these amendments to have a material effect on its financial statements. In June 2014, the FASB issued guidance which clarifies that performance targets associated with stock compensation should be treated as a performance condition and should not be reflected in the grant date fair value of the stock award. The amendments were effective for the Company on January 1, 2016 and had no effect on its financial statements. In August 2014, the FASB issued guidance that is intended to define management’s responsibility to evaluate whether there is substantial doubt about an organization’s ability to continue as a going concern and to provide related footnote disclosures. In connection with preparing financial statements, management will need to evaluate whether there are conditions or events, considered in the aggregate, that raise substantial doubt about the organization’s ability to continue as a going concern within one year after the date that the financial statements are issued. The amendments were effective for the Company for 2016 and had no material effect on its financial statements. In January 2015, the FASB issued guidance to eliminate from U.S. GAAP the concept of an extraordinary item, which is an event or transaction that is both (1) unusual in nature and (2) infrequently occurring. Under the new guidance, an entity will no longer (1) segregate an extraordinary item from the results of ordinary operations; (2) separately present an extraordinary item on its income statement, net of tax, after income from continuing operations; or (3) disclose income taxes and earnings-per-share data applicable to an extraordinary item. The amendments were effective for the Company on January 1, 2016. The Company is applying the guidance prospectively. The amendments had no effect on the financial statements. In February 2015, the FASB issued guidance which amends the consolidation requirements and significantly changes the consolidation analysis required under U.S. GAAP. The amendments were effective for the Company on January 1, 2016 and did not have a material effect on the financial statements. In April 2015, the FASB issued guidance which changes the presentation of debt issuance costs. The amendments were effective for the Company on January 1, 2016. As a result, all debt issuance costs were reclassified to offset related debt. In June 2015, the FASB issued amendments to clarify the Accounting Standards Codification (“ASC”), correct unintended application of guidance, and make minor improvements to the ASC that are not expected to have a significant effect on current accounting practice or create a significant administrative cost to most entities. The amendments were effective upon issuance (June 12, 2015) for amendments that do not have transition guidance. Amendments that are subject to transition guidance were effective on January 1, 2016 and had no material effect on the Company’s financial statements. In August 2015, the FASB issued amendments to the Interest topic of the ASC to clarify the SEC staff’s position on presenting and measuring debt issuance costs incurred in connection with line-of-credit arrangements. The amendments were effective upon issuance. The amendments did not have a material effect on the Company’s financial statements. In January 2016, the FASB amended the Financial Instruments topic of the ASC to address certain aspects of recognition, measurement, presentation, and disclosure of financial instruments. The amendments will be effective for fiscal years beginning after December 15, 2017, including interim periods within those fiscal years. The Company will apply the guidance by means of a cumulative-effect adjustment to the balance sheet as of the beginning of the fiscal year of adoption. The amendments related to equity securities without readily determinable fair values will be applied prospectively to equity investments that exist as of the date of adoption of the amendments. The Company does not expect these amendments to have a material effect on its financial statements. In February 2016, the FASB amended the Leases topic of the ASC to require all leases with lease terms over 12 months to be capitalized as a right-of-use asset and lease liability on the balance sheet at the date of lease commencement. Leases will be classified as either finance leases or operating leases. This distinction will be relevant for the pattern of expense recognition in the income statement. The amendments will be effective for fiscal years beginning after December 15, 2018, including interim periods within those fiscal years. The Company is currently evaluating the effect that implementation of the new standard will have on its financial position, results of operations, and cash flows. In March 2016, the FASB amended the Revenue from Contracts with Customers topic of the ASC to clarify the implementation guidance on principal versus agent considerations and address how an entity should assess whether it is the principal or the agent in contracts that include three or more parties. The amendments will be effective for the Company for reporting periods beginning after December 15, 2017. The Company does not expect these amendments to have a material effect on its financial statements. In March 2016, the FASB issued guidance to simplify several aspects of the accounting for share-based payment award transactions including the income tax consequences, the classification of awards as either equity or liabilities, and the classification on the statement of cash flows. Additionally, the guidance simplifies two areas specific to entities other than public business entities allowing them to apply a practical expedient to estimate the expected term for all awards with performance or service conditions that have certain characteristics and also allowing them to make a one-time election to switch from measuring all liability-classified awards at fair value to measuring them at intrinsic value. The amendments will be effective for the Company for annual periods beginning after December 15, 2016 and interim periods within those annual periods. The Company does not expect these amendments to have a material effect on its financial statements. In May 2016, the FASB amended the Revenue from Contracts with Customers topic of the ASC to clarify guidance related to collectability, noncash consideration, presentation of sales tax, and transition. The amendments will be effective for the Company for reporting periods beginning after December 15, 2017. The Company does not expect these amendments to have a material effect on its financial statements. In June 2016, the FASB issued guidance to change the accounting for credit losses and modify the impairment model for certain debt securities. The guidance requires a financial asset (including trade receivables) measured at amortized cost basis to be presented at the net amount expected to be collected. Thus, the income statement will reflect the measurement of credit losses for newly-recognized financial assets as well as the expected increases or decreases of expected credit losses that have taken place during the period. The amendments will be effective for the Company for reporting periods beginning after December 15, 2019. The Company is currently evaluating the effect that implementation of the new standard will have on its financial statements. In August 2016, the FASB amended the Statement of Cash Flows topic of the ASC to clarify how certain cash receipts and cash payments are presented and classified in the statement of cash flows. The amendments will be effective for the Company for fiscal years beginning after December 15, 2017 including interim periods within those fiscal years. The Company does not expect these amendments to have a material effect on its financial statements. In October 2016, the FASB amended the Income Taxes topic of the ASC to modify the accounting for intra-entity transfers of assets other than inventory. The amendments will be effective for the Company for fiscal years beginning after December 15, 2017 including interim periods within those fiscal years. Early adoption is permitted. The Company does not expect these amendments to have a material effect on its financial statements. In October 2016, the FASB amended the Consolidation topic of the ASC to revise the consolidation guidance on how a reporting entity that is the single decision maker of a variable interest entity (VIE) should treat indirect interests in the entity held through related parties that are under common control with the reporting entity when determining whether it is the primary beneficiary of that VIE. The amendments will be effective for the Company for fiscal years beginning after December 15, 2016 including interim periods within those fiscal years. Early adoption is permitted. The Company does not expect these amendments to have a material effect on its financial statements. In November 2016, the FASB amended the Statement of Cash Flows topic of the ASC to clarify how restricted cash is presented and classified in the statement of cash flows. The amendments will be effective for the Company for fiscal years beginning after December 15, 2017 including interim periods within those fiscal years. Early adoption is permitted. The Company does not expect these amendments to have a material effect on its financial statements. In December 2016, the FASB issued amendments to clarify the ASC, correct unintended application of guidance, and make minor improvements to the ASC that are not expected to have a significant effect on current accounting practice or create a significant administrative cost to most entities. The amendments were effective upon issuance (December 14, 2016) for amendments that do not have transition guidance. Amendments that are subject to transition guidance will be effective for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2016. Early adoption is permitted. The Company does not expect these amendments to have a material effect on its financial statements. In December 2016, the FASB issued technical corrections and improvements to the Revenue from Contracts with Customers Topic. These corrections make a limited number of revisions to several pieces of the revenue recognition standard issued in 2014. The effective date and transition requirements for the technical corrections will be effective for the Company for reporting periods beginning after December 15, 2017. The Company does not expect these amendments to have a material effect on its financial statements. Other accounting standards that have been issued or proposed by the FASB or other standards-setting bodies are not expected to have a material impact on the Company’s financial position, results of operations or cash flows. Risks and Uncertainties The Company is subject to the regulations of various governmental agencies. These regulations can and do change significantly from period to period. The Company also undergoes periodic examinations by the regulatory agencies, which may subject it to further changes with respect to asset valuations, amounts of required loss allowances and operating restrictions from the regulators’ judgments based on information available to them at the time of their examination. Reclassifications Recent Developments On April 11, 2016, the Company completed a private placement of 359,468,443 shares of common stock at $0.10 per share and 905,316 shares of a new series of convertible perpetual preferred stock, Series A (the “Series A preferred stock”), at $10.00 per share for aggregate cash proceeds of approximately $45.0 million (the “2016 private placement”). Net proceeds from the 2016 private placement, after deducting commissions and expenses, were approximately $41.5 million, of which $38.0 million was contributed to the Bank as a capital contribution to support its operations and increase its capital ratios to meet the then higher minimum capital ratios required under the terms of the terminated Consent Order. Net proceeds from the 2016 private placement were also used to repurchase the Company’s outstanding Series T preferred stock (as defined below), trust preferred securities, and subordinated promissory notes, as described below. On June 30, 2016, the Company completed a public offering of 14,167,600 shares of common stock at $0.10 per share for aggregate cash proceeds of approximately $1.4 million (the “2016 follow-on offering”). The 2016 follow-on offering was conducted primarily to provide the Company’s legacy shareholders, employees and others in its community with an opportunity to invest in the Company at the same offering price of $0.10 per share that the Company offered to the investors in the 2016 private placement. The offering period ended at 5:00 p.m., Eastern Standard time, on June 30, 2016. The proceeds were used for general corporate and operational purposes. On July 7, 2016, the Company sold $4.3 million of nonaccrual loans and $270 thousand of OREO. The loans and OREO were recorded at fair value as of June 30, 2016. On August 23, 2016, the Company filed Articles of Amendment to its Articles of Incorporation to authorize a class of 150,000,000 shares of non-voting common stock. Also on August 23, 2016, the Company converted 905,316 shares of issued and outstanding Series A preferred stock into 90,531,557 shares of non-voting common stock. The 905,316 shares of Series A preferred stock converted into 90,531,557 shares of non-voting common stock represented all of the issued and outstanding shares of Series A preferred stock on such date and, as a result, all shares of the Series A preferred stock are no longer outstanding and resumed the status of authorized and unissued shares of the Company’s preferred stock. On July 31, 2010, the Company completed a private placement of subordinated promissory notes that totaled $12.1 million. The notes bore interest at a rate equal to the current Prime Rate in effect, as published by the Wall Street Journal, plus 3%; provided that the interest rate would not be less than 8% per annum or more than 12% per annum. Beginning in October 2011, the Federal Reserve Bank of Richmond prohibited the Company from paying interest due on the subordinated promissory notes. Effective as of September 16, 2015, the Company, the Bank, and certain other defendants entered into a class action settlement agreement in potential settlement of the putative class action lawsuit initiated by three holders of the Company’s subordinated promissory notes, on behalf of themselves and as representatives of a class of similarly situated purchasers of the Company’s subordinated promissory notes, with respect to alleged wrongful conduct associated with purchases of the subordinated promissory notes, including fraud, violation of state securities statutes, and negligence. On March 2, 2016, the Court of Common Pleas for the Fifteenth Judicial District, State of South Carolina, County of Horry entered a final order of approval approving the class action settlement agreement. Immediately following the closing of the 2016 private placement on April 11, 2016, pursuant to the terms of the class action settlement agreement, the Company established a settlement fund of approximately $2.4 million, which represented 20% of the principal of subordinated promissory notes issued by the Company. The settlement fund was used to redeem the subordinated promissory notes held by class members. Also on April 11, 2016, the Company settled, pursuant to previously executed binding settlement agreements, with all subordinated promissory note holders who opted out of the class action settlement. These settlements, including the class action settlement, constituted the full satisfaction of the principal and interest owed on, and required the immediate dismissal of all pending litigation related to, the respective subordinated promissory notes. In each case, the Company and the Bank also obtained a full and complete release of all claims asserted or that could have been asserted with respect to the subordinated promissory notes. Refer to Note 12 to our Financial Statements for additional information on the subordinated promissory notes. On March 6, 2009, as part of the Troubled Asset Relief Program (the “TARP”) Capital Purchase Program (the “CPP”) established by the U.S. Department of the Treasury (the “U.S. Treasury”) under the Emergency Economic Stabilization Act of 2009, the Company issued and sold to the U.S. Treasury (i) 12,895 shares of fixed rate cumulative perpetual preferred stock, Series T, having a liquidation preference of $1,000 per share (the “Series T preferred stock”), and (ii) a ten-year warrant to purchase up to 91,714 shares of its common stock at an initial exercise price of $21.09 per share (the “CPP Warrant”), for an aggregate purchase price of $12.9 million in cash. Beginning in February 2011, the Federal Reserve Bank of Richmond required the Company to defer dividend payments on the Series T preferred stock. On February 29, 2016, the Company entered into a securities purchase agreement with the U.S. Treasury, pursuant to which the Company agreed to repurchase all 12,895 shares of the Series T preferred stock for $129 thousand, plus reimbursement of attorneys’ fees and other expenses incurred by the U.S Treasury not to exceed $25 thousand. Under the terms of the securities purchase agreement, the U.S. Treasury also agreed to waive any and all unpaid dividends on the Series T preferred stock and to cancel the CPP Warrant. Immediately following the closing of the 2016 private placement on April 11, 2016, pursuant to the terms of the securities purchase agreement, the Company repurchased all 12,895 shares of the Series T preferred stock from the U.S. Treasury for $129 thousand and the U.S. Treasury canceled the CPP Warrant. Refer to Note 15 to our Financial Statements for additional information on the Series T preferred stock. On December 21, 2004, the Trust issued and sold a total of 6,000 trust preferred securities, with $1,000 liquidation amount per capital security and a maturity of December 31, 2034, to institutional buyers in a pooled trust preferred issue. The Company received from the Trust the $6.0 million proceeds from the issuance of the securities and the $186 thousand initial proceeds from the capital investment in the Trust and, accordingly, has shown the funds due to the trust as a $6.2 million junior subordinated debenture. Beginning in February 2011, the Federal Reserve Bank of Richmond prohibited the Company from paying interest due on the trust preferred securities. The Company was permitted to defer these interest payments for up to 20 consecutive quarterly periods, or until March 15, 2016, at which point all of the deferred interest, including interest accrued on such deferred interest, would become due and payable. On February 29, 2016, the Company entered into a securities purchase agreement with Alesco Preferred Funding VI LTD (“Alesco”), pursuant to which the Company agreed to repurchase the trust preferred securities for $600 thousand, plus reimbursement of attorneys’ fees and other expenses incurred by Alesco not to exceed $25 thousand. Alesco also agreed to forgive any and all unpaid interest on the trust preferred securities. On March 16, 2016, the Company received a notice of default from The Bank of New York Mellon Trust Company, N.A., in its capacity as trustee, relating to the trust preferred securities. Immediately following the closing of the 2016 private placement on April 11, 2016, pursuant to the terms of the securities purchase agreement, the Company repurchased all of the trust preferred securities from Alesco for $600 thousand plus $17 thousand in direct legal expenses. Refer to Note 11 to our Financial Statements for additional information on the trust preferred securities. After taking into account the discounted repurchase or redemption prices for the Series T preferred stock, the trust preferred securities and the subordinated promissory notes, each as described above, as well as the forgiveness of accrued and deferred interest, legal fees, amounts paid in settlement of litigation, income taxes, and other expenses incurred in connection with these transactions, the Company recognized a gain, net of income taxes, of approximately $13.8 million on the repurchase of the Series T preferred stock, which is included in retained deficit and an aggregate gain of $19.1 million from the extinguishment of debt which is included in noninterest income. See the respective notes referred to above for additional information.

REGULATORY MATTERS AND FUTURE O

REGULATORY MATTERS AND FUTURE OPERATIONS	12 Months Ended
	Dec. 31, 2016
Regulatory Matters And Going Concern Considerations [Abstract]
REGULATORY MATTERS AND FUTURE OPERATIONS	NOTE 2 – REGULATORY MATTERS AND OTHER CONSIDERATIONS Removal of Consent Order with the Federal Deposit Insurance Corporation and South Carolina Board of Financial Institutions As noted above, on February 10, 2011, the Bank entered into the Consent Order with the FDIC and the State Board. The Consent Order conveyed specific actions needed to address the Bank’s current financial condition, primarily related to capital planning, liquidity/funds management, policy and planning issues, management oversight, loan concentrations and classifications, and non-performing loans. On October 26, 2016, the Consent Order was terminated by the FDIC and the State Board and was replaced with certain regulatory requirements and restrictions, including a requirement to continue to improve credit quality and earnings, a restriction prohibiting dividend payments without prior approval from the supervisory authorities, and a requirement to maintain Tier 1 capital at least equal to 8% and total risk-based capital at least equal to 10%. We believe that we are currently in substantial compliance with the new regulatory requirements and restrictions. Written Agreement On May 9, 2011, the Company entered into a Written Agreement with the Federal Reserve Bank of Richmond. The Written Agreement is designed to enhance the Company’s ability to act as a source of strength to the Bank. The Written Agreement contains provisions similar to those in the Bank’s Consent Order. Specifically, pursuant to the Written Agreement, the Company agreed, among other things, to seek the prior written approval of the Federal Reserve Bank of Richmond before undertaking any of the following activities: • declaring or paying any dividends, • directly or indirectly taking dividends or any other form of payment representing a reduction in capital from the Bank, • making any distributions of interest, principal or other sums on subordinated debentures or trust preferred securities, • directly or indirectly, incurring, increasing or guarantying any debt, and • directly or indirectly, purchasing or redeeming any shares of its stock. The Company also agreed to comply with certain notice provisions set forth in the Federal Deposit Insurance Act and regulations of the Board of Governors of the Federal Reserve System (the “Federal Reserve”) in appointing any new director or senior executive officer, or changing the responsibilities of any senior executive officer so that the officer would assume a different senior executive officer position. The Company is also required to comply with certain restrictions on indemnification and severance payments pursuant to the Federal Deposit Insurance Act and FDIC regulations. We believe we are currently in substantial compliance with the Written Agreement. On August 18, 2014, the Federal Reserve Bank of Richmond informed the Company that it was required to repay two notes in the amount of $1.8 million to the Bank as soon as the Company has the funds available to do so for repayment of loans deemed made from the Bank to the Company. The Bank was a general unsecured creditor of the Company with respect to these loans. The Company made these payments to the Bank shortly following the closing of the private placement on April 11, 2016. Other Considerations During the Great Recession the Bank, with a loan portfolio consisting of a concentration in commercial real estate loans, experienced a decline in the value of the collateral securing its loan portfolio as well as a rapid deterioration in its borrowers’ cash flow and ability to repay their outstanding loans to the Bank. As a result, the Bank’s level of nonperforming assets increased substantially during 2010 and 2011. However, since 2012, the Bank’s nonperforming assets have begun to stabilize. In addition to increasing write-downs on OREO to expedite sales during 2016, the Bank sold $4.3 million of nonperforming loans and $270 thousand of OREO in a bulk sale. The loans and OREO had been reduced to fair value prior to the sale. Additional OREO properties totaling $5.6 million were also sold during 2016. The Bank’s nonperforming assets at December 31, 2016 were $4.9 million compared to $22.4 million at December 31, 2015. As a percentage of total assets, nonperforming assets were 1.31% and 6.19% as of December 31, 2016, and 2015, respectively. As a percentage of total loans, nonperforming loans were 0.94% and 4.18% as of December 31, 2016, and 2015, respectively. The Company and the Bank operate in a highly-regulated industry and must plan for the liquidity needs of each entity separately. A variety of sources of liquidity have historically been available to the Bank to meet its short-term and long-term funding needs. Although several these sources have been limited following execution of the Consent Order (which was terminated on October 26, 2016), management has prepared forecasts of these sources of funds and the Bank’s projected uses of funds during 2017 in an effort to ensure that the sources available are sufficient to meet the Bank’s projected liquidity needs for this period. Prior to the most recent economic downturn, the Company, if needed, would have relied on dividends from the Bank as its primary source of liquidity. The Company is a legal entity separate and distinct from the Bank. However, various legal limitations restrict the Bank from lending or otherwise supplying funds to the Company to meet its obligations, including paying dividends. In addition, regulatory restrictions remaining following the termination of the Consent Order further limit the Bank’s ability to pay dividends to the Company to satisfy its funding needs. Management believes the Bank’s liquidity sources are adequate to meet its needs for at least the next 12 months.

CASH AND DUE FROM BANKS

CASH AND DUE FROM BANKS	12 Months Ended
	Dec. 31, 2016
Cash and Due from Banks [Abstract]
CASH AND DUE FROM BANKS	NOTE 3 - CASH AND DUE FROM BANKS The Bank is required by regulation to maintain an average cash reserve balance based on a percentage of deposits. At December 31, 2016, 2015 and 2014, the requirements were satisfied by amounts on deposit with the Federal Reserve Bank and cash on hand.

INVESTMENT SECURITIES

INVESTMENT SECURITIES	12 Months Ended
	Dec. 31, 2016
Investments, Debt and Equity Securities [Abstract]
INVESTMENT SECURITIES	NOTE 4 - INVESTMENT SECURITIES Securities available-for-sale consisted of the following: Amortized Gross Unrealized Estimated Cost Gains Losses Fair Value (Dollars in thousands) December 31, 2016 Government-sponsored enterprises $ 8,489 $ — $ (80 ) $ 8,409 Mortgage-backed securities 86,394 202 (2,598 ) 83,998 State and political subdivisions 14,905 14 (797 ) 14,122 Total $ 109,788 $ 216 $ (3,475 ) $ 106,529 December 31, 2015 Government-sponsored enterprises $ 36,720 $ — $ (688 ) $ 36,032 Mortgage-backed securities 53,368 54 (977 ) 52,445 State and political subdivisions 1,221 5 (2 ) 1,224 Total $ 91,309 $ 59 $ (1,667 ) $ 89,701 December 31, 2014 Government-sponsored enterprises $ 40,952 $ 7 $ (877 ) $ 40,082 Mortgage-backed securities 65,328 447 (427 ) 65,348 State and political subdivisions 1,239 10 (5 ) 1,244 Total $ 107,519 $ 464 $ (1,309 ) $ 106,674 The following is a summary of maturities of securities available-for-sale as of December 31, 2016. The amortized cost is based on the contractual maturity dates. Actual maturities may differ from contractual maturities because borrowers may have the right to call or prepay obligations with or without penalty. Amortized Cost Due Due After One After Five Within Through Through After Ten Market December 31, 2016 One Year Five Years Ten Years Years Total Value Government sponsored enterprises $ — $ 249 $ 2,000 $ 6,240 $ 8,489 $ 8,409 Mortgage-backed securities — — 19,824 66,570 86,394 83,998 State and political subdivisions — — 11,924 2,981 14,905 14,122 Total $ — $ 249 $ 33,748 $ 75,791 $ 109,788 $ 106,529 The following table shows gross unrealized losses and fair value, aggregated by investment category, and length of time that individual securities have been in a continuous unrealized loss position, at: December 31, 2016 Less than twelve months Twelve months or more Total Fair Unrealized Fair Unrealized Fair Unrealized (Dollars in thousands) Value Losses Value Losses Value Losses Government-sponsored enterprises $ 8,161 $ (79 ) $ 249 $ (1 ) $ 8,410 $ (80 ) Mortgage-backed securities 56,319 (1,986 ) 19,069 (612 ) 75,388 (2,598 ) State and political subdivisions 12,904 (797 ) — — 12,904 (797 ) Total $ 77,384 $ (2,862 ) $ 19,318 $ (613 ) $ 96,702 $ (3,475 ) December 31, 2015 Less than twelve months Twelve months or more Total Fair Unrealized Fair Unrealized Fair Unrealized (Dollars in thousands) Value Losses Value Losses Value Losses Government-sponsored enterprises $ 31,489 $ (558 ) $ 4,543 $ (130 ) $ 36,032 $ (688 ) Mortgage-backed securities 28,024 (354 ) 17,008 (623 ) 45,032 (977 ) State and political subdivisions 617 (2 ) — — 617 (2 ) Total $ 60,130 $ (914 ) $ 21,551 $ (753 ) $ 81,681 $ (1,667 ) December 31, 2014 Less than twelve months Twelve months or more Total Fair Unrealized Fair Unrealized Fair Unrealized (Dollars in thousands) Value Losses Value Losses Value Losses Government-sponsored enterprises $ — $ — $ 38,076 $ (877 ) $ 38,076 $ (877 ) Mortgage-backed securities 22,024 (244 ) 7,458 (183 ) 29,482 (427 ) State and political subdivisions — — 623 (5 ) 623 (5 ) Total $ 22,024 $ (244 ) $ 46,157 $ (1,065 ) $ 68,181 $ (1,309 ) Management evaluates its investment portfolio periodically to identify any impairment that is other than temporary. At December 31, 2016, the Company had one government-sponsored enterprise security and twenty mortgage-backed securities that have been in an unrealized loss position for more than twelve months. Management believes these losses are temporary and are a result of the current interest rate environment. The Company does not intend to sell these securities and it is more likely than not that the Company will not be required to sell these securities before recovery of their amortized cost. At December 31, 2016, 2015 and 2014, investment securities with a book value of $43.8 million, $36.7 million, and $42.8 million, respectively, and a market value of $42.6 million, $36.1 million and $42.2 million, respectively, were pledged to secure deposits and for other banking purposes as required or permitted by law. Proceeds from sales of available-for-sale securities were $25.1 million, $23.3 million and $32.8 million for the years ended December 31, 2016, 2015, and 2014 respectively. Gross realized gains and losses on sales and calls of available for sale securities for the years ended were as follows: Years ended (Dollars in thousands) December 31, 2016 2015 2014 Gross realized gains $ 216 $ 232 269 Gross realized losses (148 ) — (68 ) Net gain $ 68 $ 232 $ 201

LOAN PORTFOLIO

LOAN PORTFOLIO	12 Months Ended
	Dec. 31, 2016
Loans and Leases Receivable Disclosure [Abstract]
LOAN PORTFOLIO	NOTE 5 – LOAN PORTFOLIO Loans consisted of the following: December 31, (Dollars in thousands) 2016 2015 2014 Residential $ 71,444 $ 75,081 $ 84,568 Commercial Real Estate 104,875 101,291 113,852 Commercial 33,800 27,881 30,894 Consumer 4,993 5,114 6,229 Total gross loans $ 215,112 $ 209,367 $ 235,543 Certain parties (principally certain directors and officers of the Company, their immediate families, and business interests) were loan customers and had other transactions in the normal course of business with the Company. Related party loans are made on substantially the same terms, including interest rates and collateral, as those prevailing at the time for comparable transactions with persons not related to the lender and do not involve more than normal risk of collectability. Related party loans consisted of the following: For the Year ended December 31, (Dollars in thousands) 2016 2015 2014 Beginning balance $ 3,222 $ 3,857 $ 3,088 Relationship changes (794 ) — — New loans and advances 4,562 397 1,785 Repayments (523 ) (1,032 ) (1,016 ) Ending balance $ 6,467 $ 3,222 $ 3,857 In an effort to reduce nonperforming assets and problem loans that continued to be a strain on the Company’s resources and capital, the Company sold $4.3 million of nonperforming and problem loans and $854 thousand in other real estate owned, resulting in $2.9 million in charge-offs and $854 thousand of losses on the sale of properties. This bulk sale was an effort to reduce overall risk within the Bank. Provision and Allowance for Loan Losses An allowance for loan losses is maintained at a level deemed appropriate by management to adequately provide for known and inherent losses in the loan portfolio. The allowance for loan losses is established as losses are estimated to have occurred through a provision for loan losses charged to earnings. Loan losses are charged against the allowance when management believes the uncollectability of a loan balance is confirmed. Subsequent recoveries, if any, are credited to the allowance. In evaluating the adequacy of the Company’s loan loss reserves, management identifies loans believed to be impaired. Impaired loans are those not likely to be repaid as to principal and interest in accordance with the terms of the loan agreement. The fair value of impaired loans is estimated using one of several methods, including collateral value, market value of similar debt, enterprise value, or liquidation value and discounted cash flows. Reserves are maintained for each loan in which the principal balance of the loan exceeds the net present value of cash flows. In addition to the specific allowance for individually reviewed loans, a general allowance for potential loan losses is established based on management’s review of the composition of the loan portfolio with the purpose of identifying any concentrations of risk, and an analysis of historical loan charge-offs and recoveries. The final component of the allowance for loan losses incorporates management’s evaluation of current economic conditions and other risk factors which may impact the inherent losses in the loan portfolio. These evaluations are highly subjective and require that a great degree of judgmental assumptions be made by management. This component of the allowance for loan losses includes additional estimated reserves for internal factors such as changes in lending staff, loan policy and underwriting guidelines, and loan seasoning and quality, and external factors such as national and local economic trends and conditions. During 2016, we introduced certain enhancements to our allowance for loan loss model and methodology that, in management's opinion, provide a better estimate and an allowance for loan loss which better reflects the inherent loss in the loan portfolio. The most significant enhancement was the implementation of a new third party software for the calculation of the allowance for loan losses. While this change did not result in an overall change in methodology, it did allow management to further analyze the portfolio. Additionally, as we regularly review the look back period being used for the calculation of historical losses, we determined that the historic look back period for all loan types should be increased to twelve quarters. During 2012, the Bank changed the historic look back period from twelve quarters to six quarters as management believed this reduced look back period more accurately reflected the loss history of the loan portfolio during those stressed economic conditions. As economic conditions have improved and the overall risk profile of the loan portfolio has changed, it was determined that the historic look back period should be increased back to twelve quarters to present an estimated risk and loss consistent with expectations. This change in the look back period resulted in an increase in reserves of approximately $570,000. The following tables detail the activity within our allowance for loan losses as of and for the years ended December 31, 2016, 2015 and 2014, by portfolio segment: December 31, 2016 ( Dollars in thousands Commercial Commercial Real Estate Consumer Residential Total Allowance for loan losses: Beginning balance $ 952 $ 2,543 $ 80 $ 1,026 $ 4,601 Charge-offs (1,132 ) (4,595 ) (72 ) (809 ) (6,608 ) Recoveries 1,382 202 79 171 1,834 Provision (802 ) 4,141 16 568 3,923 Ending balance $ 400 $ 2,291 $ 103 $ 956 $ 3,750 Ending balances: Individually evaluated for impairment $ 25 $ 291 $ 7 $ 320 $ 643 Collectively evaluated for impairment $ 375 $ 2,000 $ 96 $ 636 $ 3,107 Loans receivable: Ending balance, total $ 33,800 $ 104,875 $ 4,993 $ 71,444 $ 215,112 Ending balances: Individually evaluated for impairment $ 1,667 $ 12,616 $ 84 $ 7,254 $ 21,621 Collectively evaluated for impairment $ 32,133 $ 92,259 $ 4,909 $ 64,190 $ 193,491 December 31, 2015 ( Dollars in thousands Commercial Commercial Real Estate Consumer Residential Total Allowance for loan losses: Beginning balance $ 597 $ 3,591 $ 185 $ 1,414 $ 5,787 Charge-offs (539 ) (1,212 ) (81 ) (501 ) (2,333 ) Recoveries 200 727 37 183 1,147 Provision 694 (563 ) (61 ) (70 ) — Ending balance $ 952 $ 2,543 $ 80 $ 1,026 $ 4,601 Ending balances: Individually evaluated for impairment $ 137 $ 396 $ 10 $ 560 $ 1,103 Collectively evaluated for impairment $ 815 $ 2,147 $ 70 $ 466 $ 3,498 Loans receivable: Ending balance, total $ 27,881 $ 101,291 $ 5,114 $ 75,081 $ 209,367 Ending balances: Individually evaluated for impairment $ 2,727 $ 21,582 $ 134 $ 9,418 $ 33,861 Collectively evaluated for impairment $ 25,154 $ 79,709 $ 4,980 $ 65,663 $ 175,506 December 31, 2014 ( Dollars in thousands Commercial Commercial Real Estate Consumer Residential Total Allowance for loan losses: Beginning balance $ 1,020 $ 5,312 $ 144 $ 2,967 $ 9,443 Charge-offs (1,068 ) (4,646 ) (343 ) (974 ) (7,031 ) Recoveries 549 1,117 38 610 2,314 Provision 96 1,808 346 (1,189 ) 1,061 Ending balance $ 597 $ 3,591 $ 185 $ 1,414 $ 5,787 Ending balances: Individually evaluated for impairment $ 151 $ 1,008 $ 11 $ 737 $ 1,907 Collectively evaluated for impairment $ 446 $ 2,583 $ 174 $ 677 $ 3,880 Loans receivable: Ending balance, total $ 30,894 $ 113,852 $ 6,229 $ 84,568 $ 235,543 Ending balances: Individually evaluated for impairment $ 3,644 $ 25,146 $ 175 $ 12,418 $ 41,383 Collectively evaluated for impairment $ 27,250 $ 88,706 $ 6,054 $ 72,150 $ 194,160 Loan Performance and Asset Quality Generally, a loan will be placed on nonaccrual status when it becomes 90 days past due as to principal or interest, or when management believes, after considering economic and business conditions and collection efforts, that the borrower’s financial condition is such that collection of the loan is doubtful. When a loan is placed in nonaccrual status, interest accruals are discontinued and income earned but not collected is reversed. Cash receipts on nonaccrual loans are not recorded as interest income, but are used to reduce principal. The following chart summarizes delinquencies and nonaccruals, by portfolio class, as of December 31, 2016, 2015 and 2014. December 31, 2016 (Dollars in thousands) 30-59 Days 60-89 Days 90+ Days Total Total Loans Non- Past Due Past Due Past Due Past Due Current Receivable accrual Commercial $ 82 $ — $ 16 $ 98 $ 33,702 $ 33,800 $ 32 Commercial real estate: Construction 96 — — 96 22,885 22,981 21 Other 782 — 1,219 2,001 79,893 81,894 1,413 Real Estate: Residential 86 133 411 630 70,814 71,444 559 Consumer: Other 34 17 — 51 4,403 4,454 — Revolving credit 2 — — 2 537 539 — Total $ 1,082 $ 150 $ 1,646 $ 2,878 $ 212,234 $ 215,112 $ 2,025 December 31, 2015 (Dollars in thousands) 30-59 Days 60-89 Days 90+ Days Total Total Loans Non- Past Due Past Due Past Due Past Due Current Receivable accrual Commercial $ 321 $ 110 $ 1 $ 432 $ 27,449 $ 27,881 $ 139 Commercial real estate: Construction 25 — 3,186 3,211 27,321 30,532 3,384 Other 973 — 3,046 4,019 66,740 70,759 3,895 Real Estate: Residential 2,887 142 948 3,977 71,104 75,081 1,314 Consumer: Other 108 18 10 136 4,395 4,531 10 Revolving credit 4 — — 4 579 583 — Total $ 4,318 $ 270 $ 7,191 $ 11,779 $ 197,588 $ 209,367 $ 8,742 December 31, 2014 (Dollars in thousands) 30-59 Days 60-89 Days 90+ Days Total Total Loans Non- Past Due Past Due Past Due Past Due Current Receivable accrual Commercial $ 282 $ 27 $ — $ 309 $ 30,585 $ 30,894 $ 633 Commercial real estate: Construction 199 — 364 563 30,907 31,470 4,464 Other 493 283 2,023 2,799 79,583 82,382 2,643 Real Estate: Residential 2,576 372 2,810 5,758 78,810 84,568 3,917 Consumer: Other 101 2 — 103 5,449 5,552 — Revolving credit 4 4 1 9 668 677 4 Total $ 3,655 $ 688 $ 5,198 $ 9,541 $ 226,002 $ 235,543 $ 11,661 There were no loans outstanding 90 days or more and still accruing interest at December 31, 2016 or 2015. At December 31, 2014, one residential real estate loan in the amount of $170 thousand was past due more than 90 days and still accruing interest. The following tables summarize management’s internal credit risk grades, by portfolio class, as of December 31: December 31, 2016 ( Dollars in thousands Commercial Commercial Real Estate Consumer Residential Total Grade 1 - Minimal $ 1,781 $ — $ 383 $ — $ 2,164 Grade 2 – Modest 934 122 112 573 1,741 Grade 3 – Average 2,226 13,877 84 6,588 22,775 Grade 4 – Satisfactory 19,973 58,149 3,971 45,208 127,301 Grade 5 – Watch 7,125 21,807 234 11,531 40,697 Grade 6 – Special Mention 1,484 900 140 1,517 4,041 Grade 7 – Substandard 277 10,020 69 6,027 16,393 Grade 8 – Doubtful — — — — — Grade 9 – Loss — — — — — Total loans receivable $ 33,800 $ 104,875 $ 4,993 $ 71,444 $ 215,112 December 31, 2015 ( Dollars in thousands Commercial Commercial Real Estate Consumer Residential Total Grade 1 - Minimal $ 975 $ — $ 434 $ — $ 1,409 Grade 2 – Modest 561 1,024 37 277 1,899 Grade 3 – Average 4,934 5,620 218 4,716 15,488 Grade 4 – Satisfactory 14,693 58,549 4,031 53,187 130,460 Grade 5 – Watch 2,445 9,654 152 2,988 15,239 Grade 6 – Special Mention 992 6,321 98 3,544 10,955 Grade 7 – Substandard 3,281 20,123 144 10,369 33,917 Grade 8 – Doubtful — — — — — Grade 9 – Loss — — — — — Total loans receivable $ 27,881 $ 101,291 $ 5,114 $ 75,081 $ 209,367 December 31, 2014 ( Dollars in thousands Commercial Commercial Real Estate Consumer Residential Total Grade 1 - Minimal $ 1,093 $ — $ 531 $ — $ 1,624 Grade 2 – Modest 1,164 679 93 1,216 3,152 Grade 3 – Average 3,868 5,618 156 4,688 14,330 Grade 4 – Satisfactory 16,367 59,536 4,928 56,758 137,589 Grade 5 – Watch 2,905 16,091 178 4,695 23,869 Grade 6 – Special Mention 1,191 4,249 132 3,747 9,319 Grade 7 – Substandard 4,306 27,679 211 13,464 45,660 Grade 8 – Doubtful — — — — — Grade 9 – Loss — — — — — Total loans receivable $ 30,894 $ 113,852 $ 6,229 $ 84,568 $ 235,543 Loans graded one through four are considered “pass” credits. As of December 31, 2016, $154.0 million, or 71.6% of the loan portfolio had a credit grade of “minimal,” “modest,” “average” or “satisfactory.” For loans to qualify for this grade, they must be performing relatively close to expectations, with no significant departures from the intended source and timing of repayment. Loans with a credit grade of “watch” and “special mention” are not considered classified; however, they are categorized as a watch list credit and are considered potential problem loans. This classification is utilized by us when there is an initial concern about the financial health of a borrower. These loans are designated as such in order to be monitored more closely than other credits in the portfolio. Loans on the watch list are not considered problem loans until they are determined by management to be classified as substandard. As of December 31, 2016, loans with a credit grade of “watch” and “special mention” totaled $44.7 million. Watch list loans are considered potential problem loans and are monitored as they may develop into problem loans in the future. Loans graded “substandard”, “doubtful”, and “loss” are considered classified credits. At December 31, 2016, classified loans totaled $16.4 million, with $16.0 million being collateralized by real estate. This amount included $10.1 million in TDRs, of which $8.9 million were considered to be performing at December 31, 2016. Classified credits are evaluated for impairment on a quarterly basis. The Company identifies impaired loans through its normal internal loan review process. A loan is considered impaired when, based on current information and events, it is probable that we will be unable to collect the scheduled payments of principal or interest when due, according to the contractual terms of the loan agreement. Factors considered by management in determining impairment include payment status, collateral value, and the probability of collecting scheduled principal and interest payments when due. Impairment is measured on a loan-by-loan basis by calculating either the present value of expected future cash flows discounted at the loan’s effective interest rate, the loan’s obtainable market price, or the fair value of the collateral, less selling costs, if the loan is collateral dependent. If the measurement of the impaired loan is less than the recorded investment in the loan (including accrued interest, net of deferred loan fees or costs), an impairment is recognized by establishing or adjusting an existing allocation of the allowance, or by recording a partial charge-off of the loan to its fair value . Large groups of smaller balance homogeneous loans are collectively evaluated for impairment. Impaired consumer and residential loans are identified for impairment disclosures; however, it is policy to individually evaluate for impairment all loans with a credit grade of “special mention”, “substandard”, “doubtful”, and “loss.” Impaired loans are valued on a nonrecurring basis at the lower of cost or market value of the underlying collateral, less any selling costs, or based on the net present value of cash flows. For loans valued based on collateral, market values were obtained using independent appraisals, updated every 18 to 24 months, in accordance with our reappraisal policy, or other market data such as recent offers to the borrower. At December 31, 2016, the recorded investment in impaired loans was $21.6 million, compared to $33.9 million and $41.4 million at December 31, 2015 and 2014, respectively. This reduction in impaired loans was due to the sale of nonperforming loans as well as the upgrade of loans due to improved financial condition. The following chart details our impaired loans, which includes TDRs totaling $19.7 million, $29.1 million and $33.2 million, by category as of December 31, 2016, 2015 and 2014, respectively: December 31, 2016 ( Dollars in thousands Unpaid Average Interest Recorded Principal Related Recorded Income Investment Balance Allowance Investment Recognized With no related allowance recorded: Commercial $ 720 $ 720 $ — $ 732 $ 43 Commercial real estate 9,194 12,597 — 9,332 574 Residential 4,365 4,553 — 4,390 248 Consumer 33 33 — 34 3 Total: 14,312 17,903 — 14,488 868 With an allowance recorded: Commercial 947 947 25 956 37 Commercial real estate 3,422 3,422 291 3,433 178 Residential 2,889 2,889 320 2,895 120 Consumer 51 51 7 52 2 Total: 7,309 7,309 643 7,336 337 Total: Commercial 1,667 1,667 25 1,688 80 Commercial real estate 12,616 16,019 291 12,765 752 Residential 7,254 7,442 320 7,285 368 Consumer 84 84 7 86 5 Total: $ 21,621 $ 25,212 $ 643 $ 21,824 $ 1,205 December 31, 2015 ( Dollars in thousands Unpaid Average Interest Recorded Principal Related Recorded Income Investment Balance Allowance Investment Recognized With no related allowance recorded: Commercial $ 1,070 $ 1,339 $ — $ 1,319 $ 72 Commercial real estate 17,180 22,037 — 18,989 722 Residential 4,016 4,338 — 4,936 137 Consumer 68 68 — 84 7 Total: 22,334 27,782 — 25,328 938 With an allowance recorded: Commercial 1,657 1,657 137 1,729 79 Commercial real estate 4,402 4,402 396 4,461 207 Residential 5,402 5,443 560 5,445 215 Consumer 66 66 10 66 3 Total: 11,527 11,568 1,103 11,701 504 Total: Commercial 2,727 2,996 137 3,048 151 Commercial real estate 21,582 26,439 396 23,450 929 Residential 9,418 9,781 560 10,381 352 Consumer 134 134 10 150 10 Total: $ 33,861 $ 39,350 $ 1,103 $ 37,029 $ 1,442 December 31, 2014 ( Dollars in thousands Unpaid Average Interest Recorded Principal Related Recorded Income Investment Balance Allowance Investment Recognized With no related allowance recorded: Commercial $ 1,852 $ 2,678 $ — $ 2,649 $ 79 Commercial real estate 19,156 24,441 — 22,377 1,083 Residential 5,950 6,528 — 6,249 268 Consumer 32 32 — 34 3 Total: 26,990 33,679 — 31,309 1,433 With an allowance recorded: Commercial 1,792 1,792 151 1,892 81 Commercial real estate 5,990 6,194 1,008 6,143 282 Residential 6,468 6,468 737 6,506 271 Consumer 143 143 11 150 8 Total: 14,393 14,597 1,907 14,691 642 Total: Commercial 3,644 4,470 151 4,541 160 Commercial real estate 25,146 30,635 1,008 28,520 1,365 Residential 12,418 12,996 737 12,755 539 Consumer 175 175 11 184 11 Total: $ 41,383 $ 48,276 $ 1,907 $ 46,000 $ 2,075 TDRs are loans which have been restructured from their original contractual terms and include concessions that would not otherwise have been granted outside of the financial difficulty of the borrower. We only restructure loans for borrowers in financial difficulty that have designed a viable business plan to fully pay off all obligations, including outstanding debt, interest and fees, either by generating additional income from the business or through liquidation of assets. Generally, these loans are restructured to provide the borrower additional time to execute upon their plans. With respect to restructured loans, we typically grant concessions by (1) reduction of the stated interest rate for the remaining original life of the debt, or (2) extension of the maturity date at a stated interest rate lower than the current market rate for new debt with similar risk. We do not generally grant concessions through forgiveness of principal or accrued interest. Restructured loans where a concession has been granted through extension of the maturity date generally include extension of payments in an interest only period, extension of payments with capitalized interest and extension of payments through a forbearance agreement. These extended payment terms are also combined with a reduction of the stated interest rate in certain cases. Success in restructuring loans has been mixed but it has proven to be a useful tool in certain situations to protect collateral values and allow certain borrowers additional time to execute upon defined business plans. In situations where a TDR is unsuccessful and the borrower is unable to follow through with terms of the restricted agreement, the loan is placed on nonaccrual status and continues to be written down to the underlying collateral value. Our policy with respect to accrual of interest on loans restructured in a TDR follows relevant supervisory guidance. That is, if a borrower has demonstrated performance under the previous loan terms and shows capacity to perform under the restructured loan terms, continued accrual of interest at the restructured interest rate is likely. If a borrower was materially delinquent on payments prior to the restructuring but shows capacity to meet the restructured loan terms, the loan will likely continue as nonaccrual going forward. Lastly, if the borrower does not perform under the restructured terms, the loan is placed on nonaccrual status. We will continue to closely monitor these loans and will cease accruing interest on them if management believes that the borrowers may not continue performing based on the restructured note terms. If, after previously being classified as a TDR, a loan is restructured a second time, then that loan is automatically placed on nonaccrual status. Our policy with respect to nonperforming loans requires the borrower to make a minimum of six consecutive payments in accordance with the loan terms before that loan can be placed back on accrual status. Further, the borrower must show capacity to continue performing into the future prior to restoration of accrual status. We believe that all of our modified loans meet the definition of a TDR. The following is a summary of information pertaining to our TDRs: December 31, (Dollars in thousands) 2016 2015 2014 Nonperforming TDRs $ 1,269 $ 5,449 $ 5,013 Performing TDRs: Commercial 1,635 2,565 2,942 Commercial real estate 10,554 13,883 17,499 Residential 6,133 7,059 7,537 Consumer 84 106 175 Total performing TDRs 18,406 23,613 28,153 Total TDRs $ 19,675 $ 29,062 $ 33,166 The following table summarizes how loans that were considered TDRs were modified during the years indicated: For the Year Ended December 31, 2016 (Dollars in thousands) TDRs identified during the current year TDRs that subsequently defaulted (1) Number Pre- Post Number Pre- Post- Commercial real estate 4 $ 475 $ 312 — $ — $ — Residential 9 1,257 1,201 — — — Commercial 8 380 380 1 30 30 Consumer — — — — — — Total 21 $ 2,112 $ 1,893 1 $ 30 $ 30 For the Year Ended December 31, 2015 (Dollars in thousands) TDRs identified during the current year TDRs that subsequently defaulted (1) Number Pre- Post Number Pre- Post- Commercial real estate 6 $ 475 $ 475 — $ — $ — Residential 8 755 714 2 412 372 Commercial 3 272 191 — — — Consumer 3 13 13 — — — Total 20 $ 1,515 $ 1,393 2 $ 412 $ 372 For the Year Ended December 31, 2014 (Dollars in thousands) TDRs identified during the current year TDRs that subsequently defaulted (1) Number Pre- Post Number Pre- Post- Commercial real estate 25 $ 6,016 $ 5,837 1 $ 36 $ 36 Residential 19 3,171 2,992 3 518 518 Commercial 5 455 455 — — — Consumer 2 31 31 — — — Total 51 $ 9,673 $ 9,315 4 $ 554 $ 554 (1) Portions of the allowance for loan losses may be allocated for specific loans or portfolio segments. However, the entire allowance for loan losses is available for any loan that, in management’s judgment, should be charged-off. While management utilizes the best judgment and information available to it, the ultimate adequacy of the allowance for loan losses depends on a variety of factors beyond our control, including the performance of our loan portfolio, the economy, changes in interest rates, and the view of the regulatory authorities toward loan classifications. If delinquencies and defaults increase, we may be required to increase our provision for loan losses, which would adversely affect our results of operations and financial condition. There can be no assurance that charge-offs of loans in future periods will not exceed the allowance for loan losses as estimated at any point in time or that provisions for loan losses will not be significant to a particular accounting period. The Company is a party to financial instruments with off-balance sheet risk in the normal course of business to meet the financing needs of its customers. These financial instruments include commitments to extend credit and standby letters of credit. These instruments involve, to varying degrees, elements of credit and interest rate risk in excess of the amount recognized in the balance sheets. The Company’s exposure to credit loss in the event of nonperformance by the other party to the financial instrument for commitments to extend credit and standby letters of credit is represented by the contractual or notional amount of those instruments. The Company uses the same credit policies in making commitments and conditional obligations as it does for on-balance-sheet instruments. Standby letters of credit are conditional commitments issued by the Company to guarantee the performance of a customer to a third party. The credit risk involved in issuing letters of credit is essentially the same as that involved in extending loans to customers. The fair value of standby letters of credit is insignificant. Commitments to extend credit are agreements to lend to a customer as long as there is no violation of any condition established in the contract. Commitments generally have fixed expiration dates or other termination clauses and may require payment of a fee. Since some of the commitments are expected to expire without being drawn upon, the total commitment amounts do not necessarily represent future cash requirements. The Company evaluates each customer’s creditworthiness on a case-by-case basis. The amount of collateral obtained, if deemed necessary by the Company upon extension of credit, is based on management’s credit evaluation of the counter-party. Collateral held for commitments to extend credit and standby letters of credit varies but may include accounts receivable, inventory, property, plant, equipment, and income-producing commercial properties. The following table summarizes the Company’s off-balance sheet financial instruments whose contract amounts represent credit risk: December 31, (Dollars in thousands) 2016 2015 2014 Commitments to extend credit $ 33,155 $ 21,318 $ 27,017 Standby letters of credit 444 257 247

PREMISES, FURNITURE AND EQUIPME

PREMISES, FURNITURE AND EQUIPMENT	12 Months Ended
	Dec. 31, 2016
Property, Plant and Equipment [Abstract]
PREMISES, FURNITURE AND EQUIPMENT	NOTE 6 - PREMISES, FURNITURE AND EQUIPMENT Premises, furniture and equipment consisted of the following: December 31, (Dollars in thousands) 2016 2015 2014 Land $ 4,100 $ 4,464 $ 7,099 Buildings and land improvements 13,180 14,301 16,082 Furniture and equipment 7,441 7,557 7,874 Leasehold improvements 40 40 65 24,761 26,362 31,120 Less accumulated depreciation (10,447 ) (10,445 ) (10,828 ) Premises, furniture and equipment, net $ 14,314 $ 15,917 $ 20,292 Depreciation expense for the years ended December 31, 2016, 2015 and 2014 was $659 thousand, $742 thousand, and $789 thousand, respectively.

OTHER REAL ESTATE OWNED

OTHER REAL ESTATE OWNED	12 Months Ended
	Dec. 31, 2016
Other Real Estate [Abstract]
OTHER REAL ESTATE OWNED	NOTE 7 – OTHER REAL ESTATE OWNED Transactions in other real estate owned for the years ended December 31: (Dollars in thousands) 2016 2015 2014 Balance, beginning of year $ 13,624 $ 19,501 $ 24,972 Additions 796 4,058 2,183 Sales (5,868 ) (9,709 ) (7,337 ) Write-downs (5,665 ) (226 ) (317 ) Balance, end of period $ 2,887 $ 13,624 $ 19,501 Increased write-downs were taken during 2016 in an effort to expedite sales to reduce nonperforming assets.

OTHER ASSETS

OTHER ASSETS	12 Months Ended
	Dec. 31, 2016
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]
OTHER ASSETS	NOTE 8 - OTHER ASSETS Other assets consisted of the following at December 31: (Dollars in thousands) 2016 2015 2014 Prepaid expenses and insurance $ 478 $ 406 $ 736 Unamortized software 45 55 52 Proceeds due from life insurance — — 1,208 Other 599 423 384 Total $ 1,122 $ 884 $ 2,380

DEPOSITS

DEPOSITS	12 Months Ended
	Dec. 31, 2016
Deposits:
DEPOSITS	NOTE 9 - DEPOSITS At December 31, 2016, the scheduled maturities of time deposits were as follows (in thousands) Maturing in: Amount Less than one year $ 102,895 One to three years 38,456 Three to ten years 4,880 Beyond ten years — $ 146,231 Time deposits in excess of the FDIC insurance limit of $250 thousand were $5.0 million, $3.7 million, $6.8 million as of December 31, 2016, 2015, and 2014, respectively. Overdrawn transaction accounts in the amount of $23 thousand, $24 thousand and $17 thousand were classified as loans as of December 31, 2016, 2015 and 2014, respectively. Brokered deposits were $5.2 million and $14.1 million as of December 31, 2016, and 2014, respectively. The Bank did not have any brokered deposits at December 31, 2015. Related party deposits by directors including their affiliates and executive officers totaled approximately $373 thousand, $552 thousand and $1.4 million at December 31, 2016, 2015 and 2014, respectively.

ADVANCES FROM THE FEDERAL HOME

ADVANCES FROM THE FEDERAL HOME LOAN BANK	12 Months Ended
	Dec. 31, 2016
Federal Home Loan Bank, Advances, General Debt Obligations, Disclosures [Abstract]
ADVANCES FROM THE FEDERAL HOME LOAN BANK	NOTE 10 - ADVANCES FROM THE FEDERAL HOME LOAN BANK Advances from the Federal Home Loan Bank consisted of the following at December 31, 2016: (Dollars in thousands) Advance Advance Advance Maturing Type Amount Rate On Convertible Advance $ 2,000 3.600 % 9/4/18 Fixed Rate 7,000 1.048 % 10/29/18 Fixed Rate 5,000 3.858 % 8/20/19 Fixed Rate 5,000 2.505 % 11/18/20 Fixed Rate 5,000 2.740 % 11/18/20 $ 24,000 As of December 31, 2016, we had advances totaling $24.0 million with various interest rates and maturity dates. Interest on all advances is at a fixed rate and payable quarterly. Convertible advances are callable by the FHLB on their respective call dates. The Company has the option to either repay any advance that has been called or to refinance the advance as a convertible advance. At December 31, 2016, the Company had pledged as collateral for FHLB advances approximately $2.8 million of one-to-four family first mortgage loans, $901 thousand of commercial real estate loans, $3.8 million in home equity lines of credit, and $18.2 million of agency and private issue mortgage-backed securities. The Company has an investment in Federal Home Loan Bank stock of $1.3 million. The Company has $52.3 million in excess borrowing capacity with the Federal Home Loan Bank that is available if liquidity needs should arise. As a result of negative financial performance indicators, there is also a risk that the Bank’s ability to borrow from the FHLB could be curtailed or eliminated, although to date the Bank has not been denied advances from the FHLB or had to pledge additional collateral for its borrowings. As of December 31, 2016, scheduled principal reductions include $9.0 million in 2018, $5.0 million in 2019, and $10.0 million in 2020.

JUNIOR SUBORDINATED DEBENTURES

JUNIOR SUBORDINATED DEBENTURES	12 Months Ended
	Dec. 31, 2016
Junior Subordinated Notes [Abstract]
JUNIOR SUBORDINATED DEBENTURES	NOTE 11 – JUNIOR SUBORDINATED DEBENTURES On December 21, 2004, the Trust issued $6.0 million floating rate trust preferred securities with a maturity of December 31, 2034. In accordance with current accounting standards, the Trust has not been consolidated in these financial statements. The Company received from the Trust the $6.0 million proceeds from the issuance of the securities and the $186 thousand initial proceeds from the capital investment in the Trust and, accordingly, has shown the funds due to the Trust as a $6.2 million junior subordinated debenture offset by debt issuance costs. The current regulatory rules allow certain amounts of junior subordinated debentures to be included in the calculation of regulatory capital. The Federal Reserve Bank of Richmond prohibited the Company from paying interest due on the trust preferred securities beginning February 2011 and as a result, the Company had deferred interest payments in the amount of approximately $958 thousand due and payable at the time of redemption on April 11, 2016, as described below. As described in Note 1 to our financial statements, on February 29, 2016, the Company entered into a securities purchase agreement with Alesco for the repurchase of all the trust preferred securities for an aggregate cash payment of $600 thousand plus reimbursement of attorneys’ fees and other expenses incurred by Alesco not to exceed $25 thousand. Alesco also agreed to forgive any and all unpaid interest on the trust preferred securities. On March 16, 2016, the Company received a notice of default from The Bank of New York Mellon Trust Company, N.A., in its capacity as trustee, relating to the trust preferred securities. The notice of default related specifically to the Indenture dated December 21, 2004, by and among the Company and The Bank of New York Mellon Trust Company, N.A., successor-in-interest to JP Morgan Chase Bank, National Association, under which the Company issued the trust preferred securities. As permitted by the Indenture, the Company previously exercised its right to defer interest payments on the trust preferred securities for 20 consecutive quarterly payment periods. The Company’s right to defer such interest payments expired on March 15, 2016, at which time all deferred payments of interest became due and payable. The Company did not pay such deferred interest at the end of the permitted deferral period, constituting an event of default under the Indenture, and therefore pursuant to the Indenture, the trustee provided this notice of default. However, under the Indenture, the principal amount of the trust preferred securities, together with any premium and unpaid accrued interest, would only become due upon such an event of default if the trustee or Alesco declared such amounts due and payable by written notice to the Company. On April 11, 2016, immediately following the closing of the 2016 private placement, the Company repurchased all of the outstanding trust preferred securities for $600 thousand, plus reimbursement of approximately $17 thousand in third party legal expenses. The redemption gain realized on this settlement was approximately $6.3 million. The redemption consisted of the following ( in thousands Assets Other assets $ 186 Reduction to assets 186 Liabilities Junior subordinated debentures 6,117 Accrued interest payable 958 Reduction to liabilities 7,075 Cash paid (617 ) Gain on extinguishment of debt $ 6,272

SUBORDINATED DEBENTURES

SUBORDINATED DEBENTURES	12 Months Ended
	Dec. 31, 2016
Subordinated Borrowings [Abstract]
SUBORDINATED DEBENTURES	NOTE 12 - SUBORDINATED DEBENTURES On July 31, 2010, the Company completed a private placement of subordinated promissory notes that totaled $12.1 million. The notes bore interest at a rate equal to the current Prime Rate in effect, as published by the Wall Street Journal, plus 3%; provided, that the rate of interest shall not be less than 8% per annum or more than 12% per annum. The subordinated notes were structured to fully count as Tier 2 regulatory capital on a consolidated basis. The Federal Reserve Bank of Richmond prohibited the Company from paying interest due on the subordinated notes beginning October 2011 and, as a result, the Company had deferred interest payments in the amount of approximately $5.3 million at the time of redemption on April 11, 2016, as described below. During 2013, $1.0 million of the subordinated notes were canceled by the holder as part of a settlement of litigation between the holder, the Bank, and the Company. The Company was obligated to contribute capital in this amount to the Bank when it was able and did so immediately following the closing of the 2016 private placement. The forgiveness of this debt was recognized in 2013 as noninterest income in the consolidated statements of operations. Effective as of September 16, 2015, the Company, the Bank, and certain other defendants entered into a class action settlement agreement in potential settlement of the putative class action lawsuit initiated by three holders of the Company’s subordinated promissory notes, on behalf of themselves and as representatives of a class of similarly situated purchasers of the Company’s subordinated promissory notes, with respect to alleged wrongful conduct associated with purchases of the subordinated promissory notes, including fraud, violation of state securities statutes, and negligence. On March 2, 2016, the Court of Common Pleas for the Fifteenth Judicial District, State of South Carolina, County of Horry entered a final order of approval approving the class action settlement agreement. On April 11, 2016, immediately following the closing of the 2016 private placement, the Company established a settlement fund of approximately $2.4 million, which represented 20% of the principal of subordinated promissory notes issued by the Company. The proceeds of the fund were used to redeem the subordinated promissory notes held by class members. Also on April 11, 2016, the Company settled, pursuant to previously executed binding settlement agreements, with the subordinated promissory note holders who opted out of the class action settlement. These settlements, including the class action settlement, constituted the full satisfaction of the principal and interest owed on, and required the immediate dismissal of all pending litigation related to, the respective subordinated promissory notes. In each case, the Company and the Bank also obtained a full and complete release of all claims asserted or that could have been asserted with respect to the subordinated promissory notes. The redemption gain realized on this settlement was approximately $12.8 million. The redemption consisted of the following ( in thousands Assets Reduction to assets $ — Liabilities Subordinated debentures 11,023 Accrued interest payable 5,274 Reduction to liabilities 16,297 Cash paid (3,454 ) Gain on extinguishment of debt $ 12,843

LEASE COMMITMENTS

LEASE COMMITMENTS	12 Months Ended
	Dec. 31, 2016
Leases [Abstract]
LEASE COMMITMENTS	NOTE 13 - LEASE COMMITMENTS On January 1, 2013, the Company renewed a lease agreement for land on which to operate its Tabor City branch. The lease has a five-year term that expires December 31, 2017. The Company has an option for eight additional five-year renewal periods thereafter. The lease has a rental amount of $1,047 per month. The lease gives the Company the first right of refusal to purchase the property at an unimproved value if the owners decide to sell. The Company also pays applicable property taxes on the property. Future minimum lease payments are expected to be approximately $12,564 per year for the next year.

COMMITMENTS AND CONTINGENCIES

COMMITMENTS AND CONTINGENCIES	12 Months Ended
	Dec. 31, 2016
Commitments and Contingencies Disclosure [Abstract]
COMMITMENTS AND CONTINGENCIES	NOTE 14 - COMMITMENTS AND CONTINGENCIES In the ordinary course of business, the Company may, from time to time, become a party to legal claims and disputes. At December 31, 2016, the Company has received subpoenas from the office of SIGTARP. The Company has fully responded to all of the subpoenas and provided testimony. The Company and the Bank believe that the investigation will not have a material adverse effect on the financial condition or operation of the Company. Management was not aware of any other pending or threatened litigation or unassisted claims that could result in losses, if any, that would be material to the financial statements. The details of the matter above is included in “Legal Proceedings” under Part I, Item 3 of the Annual Report on Form 10-K.

SHAREHOLDERS' EQUITY

SHAREHOLDERS' EQUITY	12 Months Ended
	Dec. 31, 2016
Stockholders' Equity Note [Abstract]
SHAREHOLDERS' EQUITY	NOTE 15 - SHAREHOLDERS’ EQUITY Preferred Stock Series T - In connection with the sale of the Series T preferred stock, the Company also issued to the U.S. Treasury the CPP Warrant to purchase up to 91,714 shares of the Company’s common stock at an initial exercise price of $21.09 per share. The Series T preferred stock and the CPP Warrant were sold to the U.S. Treasury for an aggregate purchase price of $12.9 million in cash. The purchase price was allocated between the Series T preferred stock and the CPP Warrant based upon the relative fair values of each to arrive at the amounts recorded by the Company. This resulted in the Series T preferred stock being issued at a discount which was amortized on a level yield basis as a charge to retained earnings over an assumed life of five years. As required under the CPP, dividend payments on and repurchases of the Company’s common stock were subject to certain restrictions. For as long as the Series T preferred stock was outstanding, no dividends could be declared or paid on the Company’s common stock until all accrued and unpaid dividends on the Series T preferred stock were fully paid. In addition, the U.S. Treasury’s consent was required for any increase in dividends on common stock before the third anniversary of issuance of the Series T preferred stock and for any repurchase of any common stock except for repurchases of common shares in connection with benefit plans. Beginning in February 2011, the Federal Reserve Bank of Richmond required the Company to defer dividend payments on the 12,895 shares of the Series T preferred stock. Therefore, for each quarterly period beginning in February 2011, the Company notified the U.S. Treasury of its deferral of quarterly dividend payments on the Series T preferred stock. The amount of each of the Company’s quarterly interest payments was approximately $161 thousand through March 2014 and then increased to $290 thousand. At the time the shares were repurchased on April 12, 2016, as described below, the Company had $5.1 million of deferred dividend payments due on the Series T preferred stock, $398 thousand of which had previously been shown as accrued preferred dividends on the Company’s statement of operations for 2016. On April 12, 2016, the Company repurchased all 12,895 shares of the outstanding Series T preferred stock from the U.S. Treasury for $129 thousand. The U.S. Treasury also canceled the CPP Warrant. The redemption gain realized on this settlement was approximately $13.8 million and was recorded in retained deficit. Series A Non-Voting Common Stock Restrictions on Dividends

CAPITAL REQUIREMENTS

CAPITAL REQUIREMENTS	12 Months Ended
	Dec. 31, 2016
Regulatory Capital Requirements [Abstract]
CAPITAL REQUIREMENTS	NOTE 16 - CAPITAL REQUIREMENTS Regulatory Capital Quantitative measures established by regulation to ensure capital adequacy require the Company and the Bank to maintain minimum ratios of Tier 1 and total capital as a percentage of assets and off-balance sheet exposures, adjusted for risk weights ranging from 0% to 1250%. Tier 1 capital consists of common shareholders’ equity, excluding the unrealized gain or loss on securities available-for-sale, minus certain intangible assets. Tier 2 capital consists of the allowance for loan losses subject to certain limitations. Total capital for purposes of computing the capital ratios consists of the sum of Tier 1 and Tier 2 capital. The Company and the Bank are also required to maintain capital at a minimum level based on quarterly average assets, which is known as the leverage ratio. Regulatory capital rules released in July 2013 to implement capital standards, referred to as Basel III and developed by an international body known as the Basel Committee on Banking Supervision, impose higher minimum capital requirements for bank holding companies and banks. The rules apply to all national and state banks and savings associations regardless of size and bank holding companies and savings and loan holding companies with more than $1 billion in total consolidated assets. More stringent requirements are imposed on “advanced approaches” banking organizations-those organizations with $250 billion or more in total consolidated assets, $10 billion or more in total foreign exposures, or that have opted in to the Basel II capital regime. The requirements in the rule began to phase in on January 1, 2015 for the Bank, and the requirements in the rule will be fully phased in by January 1, 2019. The approved rule includes a new minimum ratio of common equity Tier 1 capital to risk-weighted assets (“CET1”) of 4.5% and a capital conservation buffer of 2.5% of risk-weighted assets, which when fully phased-in, effectively results in a minimum CET1 ratio of 7.0%. Basel III also raises the minimum ratio of Tier 1 capital to risk-weighted assets from 4.0% to 6.0% (which, with the capital conservation buffer, effectively results in a minimum Tier 1 capital ratio of 8.5% when fully phased-in), effectively results in a minimum total capital to risk-weighted assets ratio of 10.5% (with the capital conservation buffer fully phased-in), and requires a minimum leverage ratio of 4.0%. Basel III also makes changes to the risk weights for certain assets and off-balance sheet exposures. Finally, CET1 includes accumulated other comprehensive income (which includes all unrealized gains and losses on available-for-sale debt and equity securities), subject to a transition period and a one-time opt-out election. The Bank elected to opt-out of this provision. As such, accumulated comprehensive income is not included in the Bank’s Tier 1 capital. The new capital conservation buffer began its phase-in period on January 1, 2016 at 0.625% of risk-weighted assets and will increase each subsequent year by an additional 0.625% until reaching its final level of 2.5% on January 1, 2019, as discussed above. The Bank had sufficient capital to meet the new conservation buffer requirements at December 31, 2016. To be considered “well-capitalized,” a bank must maintain total risk-based capital of at least 10%, Tier 1 capital of at least 6%, and a leverage ratio of at least 5%. To be considered “adequately capitalized” under these capital guidelines, a bank must maintain a minimum total risk-based capital of 8%, with at least 4% being Tier 1 capital. Although the Bank is no longer subject to the Consent Order as of its termination on October 26, 2016, the Bank must continue to maintain a Tier 1 capital at least equal to 8% and total risk-based capital at least equal to 10%. At December 31, 2016, the Company and Bank exceeded minimum regulatory capital requirements. The following table summarizes the capital ratios and the regulatory minimum requirements for the Company and the Bank. Actual Minimum Minimum (Dollars in thousands) Amount Ratio Amount Ratio Amount Ratio December 31, 2016 The Company Total Capital (to Risk-Weighted Assets) $ 41,697 16.80 % $ 19,861 8.00 % N/A N/A Common Equity Tier I Capital (to Risk-Weighted Assets) $ 35,586 15.54 % $ 9,930 4.50 % N/A N/A Tier I Capital (to Risk-Weighted Assets) $ 38,586 15.54 % $ 9,930 4.00 % N/A N/A Tier I Capital (to Average Assets) $ 38,586 10.15 % $ 15,200 4.00 % N/A N/A The Bank Total Capital (to Risk-Weighted Assets) $ 40,833 16.44 % $ 19,865 8.00 % $ 24,832 10.00 % Common Equity Tier I Capital (to Risk-Weighted Assets) $ 37,721 15.19 % $ 14,899 4.50 % (1 ) (1 ) Tier I Capital (to Risk-Weighted Assets) $ 37,721 15.19 % $ 14,899 6.00 % (1 ) (1 ) Tier I Capital (to Average Assets) $ 37,721 9.95 % $ 15,162 4.00 % $ 30,324 8.00 % Common Equity Tier 1 Capital (to Risk-Weighted Assets) $ 37,721 15.19 % $ 11,174 4.50 % $ N/A N/A December 31, 2015 The Company Total Capital (to Risk-Weighted Assets) $ (10,642 ) (4.15 )% $ 20,537 8.00 % N/A N/A Common Equity Tier I Capital (to Risk-Weighted Assets) $ (10,642 ) (4.15 )% $ 10,269 4.50 % N/A N/A Tier I Capital (to Risk-Weighted Assets) $ (10,642 ) (4.15 )% $ 10,269 4.00 % N/A N/A Tier I Capital (to Average Assets) $ (10,642 ) (2.87 )% $ 14,831 4.00 % N/A N/A The Bank Total Capital (to Risk-Weighted Assets) $ 15,402 5.92 % $ 20,802 8.00 % $ 26,002 10.00 % Common Equity Tier I Capital (to Risk-Weighted Assets) $ 12,135 4.67 % $ 15,601 4.50 % (1 ) (1 ) Tier I Capital (to Risk-Weighted Assets) $ 12,135 4.67 % $ 15,601 6.00 % (1 ) (1 ) Tier I Capital (to Average Assets) $ 12,135 3.28 % $ 14,819 4.00 % $ 29,639 8.00 % Common Equity Tier 1 Capital (to Risk-Weighted Assets) $ 12,135 4.67 % $ 11,701 4.50 % $ N/A N/A December 31, 2014 The Company Total Capital (to Risk-Weighted Assets) $ (10,402 ) (3.61 )% $ 23,031 8.00 % N/A N/A Tier I Capital (to Risk-Weighted Assets) $ (10,402 ) (3.61 )% $ 11,516 4.00 % N/A N/A Tier I Capital (to Average Assets) $ (10,402 ) (2.36 )% $ 17,614 4.00 % N/A N/A The Bank Total Capital (to Risk-Weighted Assets) $ 14,533 5.05 % $ 23,008 8.00 % $ 28,760 10.00 % Tier I Capital (to Risk-Weighted Assets) $ 10,911 3.79 % $ 11,504 4.00 % (1 ) (1 ) Tier I Capital (to Average Assets) $ 10,911 2.53 % $ 17,255 4.00 % $ 34,510 8.00 % (1)

RETIREMENT AND BENEFITS

RETIREMENT AND BENEFITS	12 Months Ended
	Dec. 31, 2016
Compensation and Retirement Disclosure [Abstract]
RETIREMENT AND BENEFITS	NOTE 17 - RETIREMENT AND BENEFITS Trustee Retirement Savings Plan Directors Deferred Compensation Plan

INCOME (LOSS) PER SHARE

INCOME (LOSS) PER SHARE	12 Months Ended
	Dec. 31, 2016
Earnings Per Share [Abstract]
INCOME (LOSS) PER SHARE	NOTE 18 – INCOME (LOSS) PER SHARE (Dollars in thousands, except share and per share amounts) Years ended December 31, 2016 2015 2014 Basic income (loss) per common share: Net income (loss) available to common shareholders $ 20,024 $ (1,758 ) $ (1,403 ) Weighted average common shares outstanding - basic 301,460,946 3,823,244 3,770,355 Basic income (loss) per common share $ 0.07 $ (0.46 ) $ (0.37 ) Diluted income (loss) per common share: Net income (loss) available to common shareholders $ 20,204 $ (1,758 ) $ (1,403 ) Weighted average common shares outstanding - basic 301,460,946 3,823,244 3,770,355 Incremental shares 5,791,304 — — Average common shares outstanding - diluted 307,252,250 3,823,244 3,770,355 Diluted income (loss) per common share $ 0.07 $ (0.46 ) $ (0.37 ) For the years ended December 31, 2015 and 2014, there were 91,714 common stock equivalents outstanding associated with the CPP Warrant. These common stock equivalents were not included in the diluted loss per share computation because their effect would have been anti-dilutive.

STOCK COMPENSATION PLAN

STOCK COMPENSATION PLAN	12 Months Ended
	Dec. 31, 2016
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
STOCK COMPENSATION PLAN	NOTE 19 - STOCK COMPENSATION PLANS Omnibus Stock Ownership and Long Term Incentive Plan There were no stock options outstanding as of December 31, 2016, 2015 or 2014 under the 2004 Plan. Restricted stock awards included in the 2004 Plan vest after the first three consecutive periods during which the Bank’s return on average assets (“ROAA”) averages 1.15%. There were no awards outstanding as of December 31, 2016, 2015 or 2014 under the 2004 Plan. 2016 Equity Incentive Plan Stock Options - The Compensation Committee will determine the periods during which the options will be exercisable. However, no option will be exercisable more than 10 years after the date of grant. Payment of the exercise price of any option may be made in cash or cash equivalent, as determined by the Compensation Committee, to the extent permitted by law (i) by means of any cashless exercise procedure approved by the Compensation Committee, (ii) by delivering shares of common stock already owned by the option holder, (iii) by such other method as the Compensation Committee may determine, or (iv) any combination of the foregoing. There were no stock options outstanding under the 2016 Plan. Restricted Stock - On August 18, 2016, the Compensation Committee awarded 27,750,000 shares of restricted stock. Subject to earlier forfeiture or accelerated vesting under circumstances described in the applicable Restricted Stock Award Agreements, the restricted shares vest ratably over a five-year period, subject to the Company’s achievement of certain performance-based and time-based vesting conditions prior to the applicable vesting date. The performance-based conditions are (i) the removal of the Consent Order (which was terminated on October 26, 2016), and (ii) the reporting of two consecutive quarters of consolidated net income. As of December 31, 2016, unrecognized compensation expense related to unvested restricted stock was $2.6 million. The unrecognized compensation expense is expected to be recognized over a weighted average period of 4.7 years. The following summarizes non-vested restricted stock activity for the period: Grant Date Fair Value Weighted of Restricted Average Stock that Number Grant Date Vested During of Shares Fair Value the Year Balance, January 1, 2016 — $ — Granted 27,750,000 0.10 Vested — — $ — Balance, December 31, 2016 27,750,000 $ 0.10 The fair value of the restricted stock awards is amortized to compensation expense over their respective vesting periods and is based on the market price of the Company’s common stock at the date of grant multiplied by the number of shares granted that are expected to vest. Total shares of restricted stock granted under the 2016 Plan is 27,750,000. Restricted Stock Units - No restricted stock units were outstanding under the 2016 Plan.

OTHER EXPENSES

OTHER EXPENSES	12 Months Ended
	Dec. 31, 2016
Other Income and Expenses [Abstract]
OTHER EXPENSES	NOTE 20 - OTHER EXPENSES Other expenses are summarized as follows: Years Ended December 31, (Dollars in thousands) 2016 2015 2014 Stationery, printing, and postage $ 285 $ 297 $ 287 Dues and subscriptions 98 69 59 Telephone 174 186 202 Director and officer insurance 180 196 212 Appraisal fee expense 89 84 123 Accountant fees 288 267 277 Legal fees 936 853 697 Marketing 50 60 16 Consulting fees 574 330 184 Impairment of assets held for sale 248 — — BOLI mortality costs 116 112 107 Other 1,033 633 751 Total $ 4,071 $ 3,087 $ 2,915

INCOME TAXES

INCOME TAXES	12 Months Ended
	Dec. 31, 2016
Income Tax Disclosure [Abstract]
INCOME TAXES	NOTE 21 - INCOME TAXES Income tax expense is summarized as follows: Years Ended December 31, (Dollars in thousands) 2016 2015 2014 Currently payable: Federal $ 147 $ — $ — State 463 27 78 Total current 610 27 78 Deferred income taxes — — — Income tax expense $ 610 $ 27 $ 78 The components of the net deferred tax asset are as follows: December 31, (Dollars in thousands) 2016 2015 2014 Deferred tax assets: Allowance for loan losses $ 1,275 $ 1,564 $ 1,968 Net unrealized losses on securities available-for-sale 1,206 595 313 Net capitalized loan costs 76 24 23 Net operating loss 17,443 20,253 19,572 Deferred compensation 4 8 13 Nonaccruing interest 12 332 232 Tax credits 393 241 259 Other real estate owned 1,058 265 655 Loss on equity securities — 1 1 Restricted stock 63 — — Other 20 12 8 Total deferred tax assets 21,550 23,295 23,044 Valuation Allowance (20,852 ) (22,474 ) (21,971 ) Total net deferred tax assets 698 821 1,073 Deferred tax liabilities: Accumulated depreciation (667 ) (817 ) (965 ) Gain on sale of real estate — — — Prepaid expenses (31 ) (4 ) (108 ) Total deferred tax liabilities (698 ) (821 ) (1,073 ) Net deferred tax asset $ — $ — $ — Deferred tax assets represent the future tax benefit of deductible items. The Company, under the current Internal Revenue Code, is allowed up to a two-year carryback and a twenty-year carryforward of these timing items. A valuation allowance is established if it is more likely than not that the tax asset will not be realized. The valuation allowance reduces the recorded deferred tax assets to the net realizable value. As of December 31, 2016, 2015 and 2014, management had established a full valuation allowance of $20.9 million, $22.5 million and $22.0 million, respectively, to reflect the portion of the deferred income tax asset that was not able to be offset against net operating loss carrybacks and reversals of net future taxable temporary differences. When the Company generates future taxable income, it will be able to reevaluate the amount of the valuation allowance. In the second quarter of 2016, it was determined that a full valuation allowance was no longer needed on deferred tax assets related to unrealized losses on available for sale securities and as a result there was no allowance was recorded on approximately $59,000 of deferred tax assets related to those losses. On December 31, 2016 however, net unrealized losses increased significantly due to an increase in rates at year end and upon review of the deferred tax asset it was determined that a valuation allowance on net unrealized losses on available for sale of securities of $1.2 million was warranted. The Company has federal net operating loss carryforwards of $51.3 million for income tax purposes as of December 31, 2016. These net operating losses will begin to expire in the year 2030. HCSB Financial Corporation had no South Carolina net operating loss carryforwards as of December 31, 2016. The Company has analyzed the tax position taken or expected to be taken on its tax returns and concluded it has no liability related to uncertain tax positions. Tax returns for 2013 and subsequent years are subject to examination by taxing authorities. A reconciliation between the income tax expense and the amount computed by applying the Federal statutory rates of 34% to income before income taxes follows: Years ended December 31, (Dollars in thousands) 2016 2015 2014 Tax benefit at statutory rate $ 2,331 $ (74 ) $ (73 ) State income tax, net of federal income tax benefit 617 18 52 Tax-exempt interest income — — (5 ) Bank owned life insurance (110 ) (108 ) (113 ) Life insurance proceeds — — (315 ) Valuation allowance (2,233 ) 220 542 Other 5 (29 ) (10 ) Income tax expense $ 610 $ 27 $ 78

UNUSED LINES OF CREDIT

UNUSED LINES OF CREDIT	12 Months Ended
	Dec. 31, 2016
Line of Credit Facility [Abstract]
UNUSED LINES OF CREDIT	NOTE 22 - UNUSED LINES OF CREDIT The Bank has an unsecured line of credit with a correspondent bank available for overnight borrowing totaling $9.0 million and may also utilize its unpledged securities, if liquidity needs should arise. At December 31, 2016, investment securities with a book value of $66.0 million and a market value of $64.0 million were not pledged. Under this agreement, the Bank is required to maintain an average balance of $300,000 on deposit at the correspondent bank.

FAIR VALUE

FAIR VALUE	12 Months Ended
	Dec. 31, 2016
Fair Value Disclosures [Abstract]
FAIR VALUE	NOTE 23 - FAIR VALUE Fair Value Hierarchy Fair value is the exchange price that would be received for an asset or paid to transfer a liability (an 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. Fair value estimates are made at a specific point in time based on relevant market and other information about the financial instruments. Because no market exists for a significant portion of the Company’s financial instruments, fair value estimates are based on current economic conditions, risk characteristics of various financial instruments, and such other factors. These estimates are subjective in nature and involve uncertainties and matters of significant judgment and therefore cannot be determined with precision. Changes in assumptions could significantly affect the estimates. Accounting principles establish a fair value hierarchy, which requires an entity to maximize the use of observable inputs and minimize the use of unobservable inputs when measuring fair value. There are three levels of inputs that may be used to measure fair value: Level 1 Quoted prices in active markets for identical assets or liabilities. Level 1 assets and liabilities include debt and equity securities and derivative contracts that are traded in an active exchange market, as well as U.S. Treasuries and money market funds. Level 2 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 for substantially the full term of the assets or liabilities. Level 2 assets and liabilities include debt securities with quoted prices that are traded less frequently than exchange-traded instruments, mortgage-backed securities, municipal bonds, corporate debt securities, and derivative contracts whose value is determined using a pricing model with inputs that are observable in the market or can be derived principally from or corroborated by observable market data. This category generally includes certain derivative contracts and impaired loans. Level 3 Unobservable inputs that are supported by little or no market activity and that are significant to the fair value of the assets or liabilities. Level 3 assets and liabilities include financial instruments whose value is determined using pricing models, discounted cash flow methodologies, or similar techniques, as well as instruments for which the determination of fair value requires significant management judgment or estimation. For example, this category generally includes certain private equity investments, retained residual interests in securitizations, residential mortgage servicing rights, and highly-structured or long-term derivative contracts. Financial Instruments The following methods and assumptions were used to estimate the fair value of significant financial instruments: Cash and Cash Equivalents Securities Available-for-Sale Nonmarketable Equity Securities Loans Receivable Deposits Repurchase Agreements Advances from the Federal Home Loan Bank Subordinated Debentures Junior Subordinated Debentures Off-Balance Sheet Financial Instruments The carrying values and estimated fair values of the Company’s financial instruments were as follows: December 31, 2016 Fair Value Measurements (Dollars in thousands) Carrying Estimated Quoted Significant Significant Financial Assets: Cash and cash equivalents $ 25,429 $ 25,429 $ 25,429 $ — $ — Securities available-for-sale 106,529 106,529 — 106,529 — Nonmarketable equity securities 1,345 1,345 — — 1,345 Loans, net 211,362 211,278 — — 211,278 Financial Liabilities: Demand deposit, interest-bearing transaction, and savings accounts 167,038 167,038 167,038 — — Certificates of deposit 146,231 145,779 — 145,779 — Repurchase agreements 1,983 1,983 — 1,983 — Advances from the Federal Home Loan Bank 24,000 24,307 — 24,307 — Notional Estimated Amount Fair Value Off-Balance Sheet Financial Instruments: Commitments to extend credit $ 33,155 n/a Standby letters of credit 444 n/a December 31, 2015 Fair Value Measurements (Dollars in thousands) Carrying Estimated Quoted Significant Significant Financial Assets: Cash and cash equivalents $ 22,137 $ 22,137 $ 22,137 $ — $ — Securities available-for-sale 89,701 89,701 — 89,701 — Nonmarketable equity securities 1,330 1,330 — — 1,330 Loans, net 204,766 204,975 — — 204,975 Financial Liabilities: Demand deposit, interest-bearing transaction, and savings accounts 156,860 156,860 156,860 — — Certificates of deposit 173,971 174,964 — 174,964 — Repurchase agreements 1,716 1,716 — 1,716 — Advances from the Federal Home Loan Bank 17,000 17,108 — 17,108 — Subordinated debentures 11,062 * — — — Junior subordinated debentures 6,186 * — — — Notional Estimated Amount Fair Value Off-Balance Sheet Financial Instruments: Commitments to extend credit $ 21,318 n/a Standby letters of credit 257 n/a * The Company is unable to determine this value. December 31, 2014 Fair Value Measurements (Dollars in thousands) Carrying Estimated Quoted Significant Significant Financial Assets: Cash and cash equivalents $ 28,527 $ 28,527 $ 28,527 $ — $ — Securities available-for-sale 106,674 106,674 — 106,674 — Nonmarketable equity securities 1,342 1,342 — — 1,342 Loans, net 229,756 230,038 — — 230,038 Financial Liabilities: Demand deposit, interest-bearing transaction, and savings accounts 170,538 170,538 170,538 — — Certificates of deposit 220,799 222,789 — 222,789 — Repurchase agreements 1,612 1,612 — 1,612 — Advances from the Federal Home Loan Bank 17,000 17,136 — 17,136 — Subordinated debentures 11,062 * — — — Junior subordinated debentures 6,186 * — — — Notional Estimated Amount Fair Value Off-Balance Sheet Financial Instruments: Commitments to extend credit $ 27,017 n/a Standby letters of credit 247 n/a * The Company is unable to determine this value. Fair Value Measurements Following is a description of valuation methodologies used for assets and liabilities recorded at fair value. Securities Available-for-Sale Loans Other Real Estate Owned Assets and Liabilities Measured at Fair Value on a Recurring Basis The tables below present the balances of assets and liabilities measured at fair value on a recurring basis by level within the fair value hierarchy. Quoted prices in Significant active markets Other Significant for identical Observable Unobservable (Dollars in thousands) assets Inputs Inputs Total (Level 1) (Level 2) (Level 3) December 31, 2016 Assets: Government sponsored enterprises $ 8,409 $ — $ 8,409 $ — Mortgage-backed securities 83,998 — 83,998 — Obligations of state and local governments 14,122 — 14,122 — Total $ 106,529 $ — $ 106,529 $ — December 31, 2015 Assets: Government sponsored enterprises $ 36,032 $ — $ 36,032 $ — Mortgage-backed securities 52,445 — 52,445 — Obligations of state and local governments 1,224 — 1,224 — Total $ 89,701 $ — $ 89,701 $ — December 31, 2014 Assets: Government sponsored enterprises $ 40,082 $ — $ 40,082 $ — Mortgage-backed securities 65,348 — 65,348 — Obligations of state and local governments 1,244 — 1,244 — Total $ 106,674 $ — $ 106,674 $ — The Company has no liabilities measured at fair value on a recurring basis. Assets and Liabilities Measured at Fair Value on a Nonrecurring Basis Certain assets and liabilities are measured at fair value on a nonrecurring basis; that is, the instruments are not measured at fair value on an ongoing basis but are subject to fair value adjustments in certain circumstances (for example, when there is evidence of impairment). The following tables present the assets and liabilities carried on the balance sheet by caption and by level within the valuation hierarchy described above for which a nonrecurring change in fair value has been recorded. Quoted prices in Significant active markets Other Significant (Dollars in thousands) for identical Observable Unobservable assets Inputs Inputs Total (Level 1) (Level 2) (Level 3) December 31, 2016 Assets: Impaired loans, net of valuation allowance $ 20,978 $ — $ — $ 20,978 Other real estate owned 2,887 — — 2,887 Total $ 23,865 $ — $ — $ 23,865 December 31, 2015 Assets: Impaired loans, net of valuation allowance $ 32,758 $ — $ — $ 32,758 Other real estate owned 13,624 — — 13,624 Total $ 46,382 $ — $ — $ 46,382 December 31, 2014 Assets: Impaired loans, net of valuation allowance $ 39,476 $ — $ — $ 39,476 Other real estate owned 19,501 — — 19,501 Total $ 58,977 $ — $ — $ 58,977 The Company has no liabilities measured at fair value on a nonrecurring basis. Level 3 Valuation Methodologies The fair value of impaired loans is estimated using one of several methods, including collateral value and discounted cash flows and, in rare cases, the market value of the note. Those impaired loans not requiring an allowance represent loans for which the net present value of the expected cash flows or fair value of the collateral less costs to sell exceed the recorded investments in such loans. When the fair value of the collateral is based on an executed sales contract with an independent third party, the Company records the impaired loans as nonrecurring Level 1. If the collateral is based on another observable market price or a current appraised value, the Company records the impaired loans as nonrecurring Level 2. When an appraised value is not available or the Company determines the fair value of the collateral is further impaired below the appraised value and there is no observable market price, the Company records the impaired loan as nonrecurring Level 3. Impaired loans can be evaluated for impairment using the present value of expected future cash flows discounted at the loan’s effective interest rate. Impaired loans are reviewed and evaluated on at least a quarterly basis for additional impairment and adjusted accordingly. Foreclosed real estate is carried at fair value less estimated selling costs. Fair value is generally based upon current appraisals, comparable sales, and other estimates of value obtained principally from independent sources, adjusted for selling costs. When the fair value of the collateral is based on an observable market price or a current appraised value, the Company records the asset as nonrecurring Level 2. However, the Company also considers other factors or recent developments which could result in adjustments to the collateral value estimates indicated in the appraisals such as changes in absorption rates or market conditions from the time of valuation. In situations where management adjustments are significant to the fair value measurements in its entirety, such measurements are classified as Level 3 within the valuation hierarchy. The following table presents quantitative information about level 3 fair value measurements for financial instruments measured at fair value on a non-recurring basis at December 31, 2016. Management believes the weighted average range of adjustments to be appropriate. As discussed previously, depressed real estate values in the areas we serve may cause larger adjustments from time to time. (Dollars in thousands) December 31, Valuation Unobservable Range 2016 Techniques Inputs (Weighted Avg) Impaired loans: Commercial $ 1,642 Appraised Value/ Appraisals and/or sales Discounted Cash of comparable properties/ 0.00%-23.50% Flows Independent quotes (4.00% ) Commercial real estate 12,325 Appraised Value/ Appraisals and/or sales Discounted Cash of comparable properties/ 0.00%-10.00% Flows Independent quotes (6.72% ) Residential 6,934 Appraised Value/ Appraisals and/or sales Discounted Cash of comparable properties/ 0.00%-10.00% Flows Independent quotes (8.05% ) Consumer 77 Appraised Value/ Appraisals and/or sales Discounted Cash of comparable properties/ 0.00%-10.00% Flows Independent quotes (1.25% ) Other real estate owned 2,887 Appraised Value/ Appraisals and/or sales Discounted Cash of comparable properties/ 0.00%-10.00% Flows Independent quotes (10.00% ) The following table presents quantitative information about level 3 fair value measurements for financial instruments measured at fair value on a non-recurring basis at December 31, 2015. Management believes the weighted average range of adjustments to be appropriate. As discussed previously, depressed real estate values in the areas we serve may cause larger adjustments from time to time. (Dollars in thousands) December 31, Valuation Unobservable Range 2015 Techniques Inputs (Weighted Avg) Impaired loans: Commercial $ 2,590 Appraised Value/ Appraisals and/or sales Discounted Cash of comparable properties/ 0.00%-10.00% Flows Independent quotes (8.77% ) Commercial real estate 21,186 Appraised Value/ Appraisals and/or sales Discounted Cash of comparable properties/ 0.00%-32.33% Flows Independent quotes (10.23% ) Residential 8,858 Appraised Value/ Appraisals and/or sales Discounted Cash of comparable properties/ 0.00%-10.00% Flows Independent quotes (9.90% ) Consumer 124 Appraised Value/ Appraisals and/or sales Discounted Cash of comparable properties/ 0.00%-10.00% Flows Independent quotes (10.00% ) Other real estate owned 13,624 Appraised Value/ Appraisals and/or sales Discounted Cash of comparable properties/ 0.00%-10.00% Flows Independent quotes (10.00% ) The following table presents quantitative information about level 3 fair value measurements for financial instruments measured at fair value on a non-recurring basis at December 31, 2014. Management believes the weighted average range of adjustments to be appropriate. As discussed previously, depressed real estate values in the areas we serve may cause larger adjustments from time to time. (Dollars in thousands) December 31, Valuation Unobservable Range 2014 Techniques Inputs (Weighted Avg) Impaired loans: Commercial $ 3,493 Appraised Value/ Appraisals and/or sales Discounted Cash of comparable properties/ 0.00%-68.05% Flows Independent quotes (25.71% ) Commercial real estate 24,138 Appraised Value/ Appraisals and/or sales Discounted Cash of comparable properties/ 0.00%-10.00% Flows Independent quotes (10.80% ) Residential 11,681 Appraised Value/ Appraisals and/or sales Discounted Cash of comparable properties/ 0.00%-47.31% Flows Independent quotes (7.31% ) Consumer 164 Appraised Value/ Appraisals and/or sales Discounted Cash of comparable properties/ 0.00%-10.00% Flows Independent quotes (10.00% ) Other real estate owned 19,501 Appraised Value/ Appraisals and/or sales Discounted Cash of comparable properties/ 0.00%-10.00% Flows Independent quotes (10.00% )

HCSB FINANCIAL CORPORATION (PAR

HCSB FINANCIAL CORPORATION (PARENT COMPANY ONLY)	12 Months Ended
	Dec. 31, 2016
Condensed Financial Information of Parent Company Only Disclosure [Abstract]
HCSB FINANCIAL CORPORATION (PARENT COMPANY ONLY)	NOTE 24 - HCSB FINANCIAL CORPORATION ( PARENT COMPANY ONLY Presented below are the condensed financial statements for HCSB Financial Corporation (Parent Company Only). Condensed Balance Sheets December 31, (Dollars in thousands) 2016 2015 2014 Assets Cash $ 806 $ 5 $ 26 Investment in banking subsidiary 34,461 10,527 10,066 Investment in trust — 186 186 Other assets 70 1 — Total assets $ 35,337 $ 10,719 $ 10,278 Liabilities and shareholders’ equity Accrued interest payable-subordinated debentures $ — $ 4,925 $ 3,685 Accrued interest payable-junior subordinated debentures — 901 714 Subordinated debentures — 11,021 11,011 Junior subordinated debentures — 6,117 6,113 Other liabilities 10 5 2 Total liabilities 10 22,969 21,525 Shareholders’ equity (deficit) 35,327 (12,250 ) (11,247 ) Total liabilities and shareholder’s equity (deficit) $ 35,337 $ 10,719 $ 10,278 Condensed Statements of Operations Years ended December 31, (Dollars in thousands) 2016 2015 2014 Income Gain from early extinguishment of debt $ 19,115 $ — $ — Interest income on deposits in bank 4 — — 19,119 — — Expenses Interest expense on subordinated debentures 322 1,240 1,132 Interest expense on junior subordinated debentures — 186 178 Other expenses 113 44 104 435 1,470 1,414 Gain (loss) before income taxes, and equity in undistributed gains of banking subsidiary 18,684 (1,470 ) (1,414 ) Income tax expense 4,536 — — Equity in undistributed gains (losses) of banking subsidiary (7,902 ) 1,224 1,123 Net income (loss) 6,246 (246 ) (291 ) Preferred dividends and accretion of preferred stock — (1,512 ) (1,112 ) Gain on redemption of preferred shares 13,778 — — Net income (loss) available to common shareholders $ 20,204 $ (1,758 ) $ (1,403 ) Condensed Statements of Cash Flows Years ended December 31, (Dollars in thousands) 2016 2015 2014 Cash flows from operating activities: Net income (loss) $ 6,246 $ (246 ) $ (291 ) Adjustments to reconcile net income (loss) to net cash used by operating activities: Gain from early extinguishment of debt (19,115 ) — — Stock compensation expense 185 Amortization of debt issuance costs 2 — — Equity in undistributed gains (losses) of banking subsidiary 7,902 (1,224 ) (1,123 ) (Increase) decrease in other assets (69 ) 12 13 Increase in accrued interest payable and other liabilities 411 1,431 1,310 Net cash used by operating activities (4,438 ) (27 ) (91 ) Cash flows from investing activities: Net investment in bank subsidiary (33,487 ) — — Net cash used by investing activities (33,487 ) — — Cash flows from financing activities: Redemption of subordinated debentures (3,454 ) — — Redemption of junior subordinated debentures (617 ) — — Redemption of Series T preferred stock and CPP Warrant (129 ) — — Issuance of Series A preferred stock 9,053 — — Issuance of common stock 37,364 6 58 Stock issuance costs (3,491 ) — — Net cash provided by financing activities 38,726 6 58 Net change in cash 801 (21 ) (33 ) Cash and cash equivalents, beginning of year 5 26 59 Cash and cash equivalents, end of year $ 806 $ 5 $ 26

QUARTERLY RESULTS OF OPERATIONS

QUARTERLY RESULTS OF OPERATIONS (UNAUDITED)	12 Months Ended
	Dec. 31, 2016
Quarterly Financial Information Disclosure [Abstract]
QUARTERLY RESULTS OF OPERATIONS (UNAUDITED)	NOTE 25 – QUARTERLY RESULTS OF OPERATIONS (UNAUDITED) The following table presents condensed unaudited information relating to quarterly periods in 2016. 2016 Fourth Third Second First (Dollars in thousands) Interest income $ 3,153 $ 3,172 $ 3,054 $ 2,989 Interest expense 649 668 609 1,046 Net interest income 2,504 2,504 2,445 1,943 Provision for loan losses (1,061 ) — 3,560 1,424 Net interest income after provision for loan losses 3,565 2,504 (1,115 ) 519 Noninterest income 411 334 19,453 416 Noninterest expense 2,886 4,622 7,505 4,218 Net income (loss) before income taxes 1,090 (1,784 ) 10,833 (3,283 ) Income tax expense (310 ) — 920 — Net income (loss) 1,400 (1,784 ) 9,913 (3,283 ) Preferred dividends and accretion of preferred stock — — — 398 Gain on extinguishment of preferred shares — — 13,778 — Net income (loss) available to common shareholders $ 1,400 $ (1,784 ) $ 23,691 $ (3,681 ) Net income (loss) per common share, basic $ 0.00 $ (0.00 ) $ 0.07 $ (0.96 ) Net income (loss) per common share, diluted $ 0.00 $ (0.00 ) $ 0.07 $ (0.96 )

SUBSEQUENT EVENTS

SUBSEQUENT EVENTS	12 Months Ended
	Dec. 31, 2016
Subsequent Events [Abstract]
SUBSEQUENT EVENTS	NOTE 26 – SUBSEQUENT EVENTS Subsequent events are events or transactions that occur after the balance sheet date but before financial statements are issued. Recognized subsequent events are events or transactions that provide additional evidence about conditions that existed at the date of the balance sheet, including the estimates inherent in the process of preparing financial statements. Nonrecognized subsequent events are events that provide evidence about conditions that did not exist at the date of the balance sheet but arose after that date. Management has reviewed events occurring through the date the financial statements were issued, and the following subsequent events occurred requiring accruals or disclosures that are not otherwise disclosed herein.

ORGANIZATION AND SIGNIFICANT 34

ORGANIZATION AND SIGNIFICANT ACCOUNTING POLICIES (Policies)	12 Months Ended
	Dec. 31, 2016
Accounting Policies [Abstract]
Basis of Presentation and Consolidation	Basis of Presentation and Consolidation
Management's Estimates	Management’s Estimates Material estimates that are particularly susceptible to significant change relate to the determination of the allowance for loan losses, including valuation allowances for impaired loans, and the carrying amount of real estate acquired in connection with foreclosures or in satisfaction of loans. Management must also make estimates in determining the estimated useful lives and methods for depreciating premises and equipment. While management uses available information to recognize losses on loans and foreclosed real estate, future additions to the allowance may be necessary based on changes in local economic conditions. In addition, regulatory agencies, as an integral part of their examination process, periodically review the Company’s allowances for losses on loans and foreclosed real estate. Such agencies may require the Company to recognize additions to the allowances based on their judgments about information available to them at the time of their examination. Because of these factors, it is reasonably possible that the allowances for losses on loans and foreclosed real estate may change materially in the near term.
Investment Securities	Investment Securities
Nonmarketable Equity Securities	Nonmarketable Equity Securities At December 31, 2016, 2015 and 2014, the investment in FHLB stock was $1.3 million, $1.1 million and $1.2 million, respectively. The Trust was also included in nonmarketable equities at December 31, 2015 and 2014 and totaled $186 thousand.
Loans Receivable	Loans Receivable Loan origination and commitment fees and certain direct loan origination costs (principally salaries and employee benefits) are deferred and amortized to income over the contractual life of the related loans or commitments, adjusted for prepayments, using the straight-line method. For all classes of loans, loans are considered impaired when, based on current information and events, it is probable the Company will be unable to collect all amounts due in accordance with the original contractual terms of the loan agreement, including scheduled principal and interest payments. Impaired loans may include all classes of nonaccrual loans and loans modified in a troubled debt restructuring (“TDR”). If a loan is impaired, a specific valuation allowance is allocated, if necessary, so that the loan is reported net, at the present value of estimated future cash flows using the interest rate implicit in the original agreement or at the fair value of collateral if repayment is expected solely from the collateral. Interest payments on impaired loans are typically applied to principal unless collectability of the principal amount is probable, in which case interest is recognized on a cash basis. Impaired loans, or portions thereof, are charged off when deemed uncollectible. Impairment of a loan is measured based on the present value of expected future cash flows discounted at the loan’s effective interest rate or the fair value of the collateral, if the loan is collateral dependent. When management determines that a loan is impaired, the difference between the Company’s investment in the related loan and the present value of the expected future cash flows, or the fair value of the collateral, is charged off with a corresponding entry to the allowance for loan losses or a specific reserve is set aside within the allowance for loan losses. The accrual of interest is discontinued on an impaired loan when management determines the borrower may be unable to meet payments as they become due.
Concentrations Of Credit Risk	Concentrations of Credit Risk The Company makes loans to individuals and small businesses for various personal and commercial purposes primarily throughout Horry County in South Carolina and Columbus and Brunswick counties of North Carolina. The Company’s loan portfolio is not concentrated in loans to any single borrower or a relatively small number of borrowers. Additionally, management is not aware of any concentrations of loans to classes of borrowers or industries that would be similarly affected by economic conditions except for loans secured by residential and commercial real estate and commercial and industrial non-real estate loans. These concentrations of residential and commercial real estate loans and commercial and industrial non-real estate loans totaled $176.3 million and $33.8 million, respectively, at December 31, 2016, representing 81.97% and 15.71%, respectively, of gross loans receivable. In addition to monitoring potential concentrations of loans to particular borrowers or groups of borrowers, industries and geographic regions, management monitors exposure to credit risk from concentrations of lending products and practices such as loans that subject borrowers to substantial payment increases (e.g. principal deferral periods, loans with initial interest-only periods, etc.), and loans with high loan-to-value ratios. Management has determined that there is no concentration of credit risk associated with its lending policies or practices. Additionally, there are industry practices that could subject the Company to increased credit risk should economic conditions change over the course of a loan’s life. For example, the Company makes variable rate loans and fixed rate principal-amortizing loans with maturities prior to the loan being fully paid (i.e. balloon payment loans). These loans are underwritten and monitored to manage the associated risks. Therefore, management believes that these particular practices do not subject the Company to unusual credit risk. The Company’s investment portfolio consists principally of obligations of the United States, its agencies or its corporations and general obligation municipal securities. In the opinion of management, there is no concentration of credit risk in its investment portfolio. The Company places its deposits and correspondent accounts with and sells its federal funds to high quality institutions. Management believes credit risk associated with correspondent accounts is not significant.
Allowance For Loan Losses	Allowance for Loan Losses No assurance can be given that management's ongoing evaluation of the loan portfolio in light of changing economic conditions and other relevant circumstances will not require significant future additions to the allowance, thus adversely affecting the operating results of the Company. The allowance is subject to examination by regulatory agencies, which may consider such factors as the methodology used to determine adequacy and the size of the allowance relative to that of peer institutions, and other adequacy tests. In addition, such regulatory agencies could require the Company to adjust its allowance based on information available to them at the time of their examination. The methodology used to determine the reserve for unfunded lending commitments, which is included in other liabilities, is inherently similar to that used to determine the allowance for loan losses adjusted for factors specific to binding commitments, including the probability of funding and historical loss ratio.
Premises, Furniture And Equipment	Premises, Furniture and Equipment Maintenance and repairs are charged to current expense as incurred, and the costs of major renewals and improvements are capitalized.
Other Real Estate Owned	Other Real Estate Owned Any write-downs at the dates of acquisition are charged to the allowance for loan losses. Expenses to maintain such assets, subsequent write-downs, and gains and losses on disposal are included in net cost of operations of other real estate owned on the statement of operations.
Income And Expense Recognition	Income and Expense Recognition
Income Taxes	Income Taxes Deferred income taxes are determined using the balance sheet method. Under this method, the net deferred tax asset or liability is based on the tax impacts of the differences between the book and tax bases of assets and liabilities and recognizes enacted changes in tax rates and laws in the period in which they occur. Deferred income tax expense results from changes in deferred tax assets and liabilities between periods. Deferred tax assets are recognized subject to the Company’s judgment that realization is more likely than not. A tax position that meets the more likely than not recognition threshold is measured to determine the amount of benefit to recognize. The tax position is measured at the largest amount of benefit that is greater than 50% likely of being realized upon settlement. Interest and penalties, if any, are recognized as a component of income tax expense. The Company reviews the deferred tax assets for recoverability based on history of earnings, expectations for future earnings and expected timing of reversals of temporary differences. Realization of a deferred tax asset ultimately depends on the existence of sufficient taxable income available under tax law, including future reversals of existing temporary differences, future taxable income exclusive of reversing differences, taxable income in prior carryback years, projections of future operating results, cumulative tax losses over the past three years, tax loss deductibility limitations, and available tax planning strategies. If, based on available information, it is more likely than not that the deferred income tax asset will not be realized, a valuation allowance against the deferred tax asset must be established with a corresponding charge to income tax expense. The deferred tax assets and valuation allowance are evaluated each quarter, and a portion of the valuation allowance may be reversed in future periods. The determination of how much of the valuation allowance that may be reversed and the timing is based on future results of operation and the amount and timing of actual loan charge-offs and asset write-downs. At December 31, 2016, 2015 and 2014, the Company’s deferred tax asset was offset in its entirety by a valuation allowance. The Company believes that its income tax filing positions taken or expected to be taken in its tax returns will more likely than not be sustained upon audit by the taxing authorities and does not anticipate any adjustments that will result in a material adverse impact on the Company’s financial condition, results of operations, or cash flow. Therefore, no reserves for uncertain income tax positions have been recorded.
Advertising Expense	Advertising Expense
Net Income (Loss) Per Common Share	Net Income (Loss) Per Common Share
Comprehensive Income	Comprehensive Income
Statements of Cash Flows	Statements of Cash Flows
Off-Balance-Sheet Financial Instruments	Off-Balance Sheet Financial Instruments
Recently Issued Accounting Pronouncements	Recently Issued Accounting Pronouncements In May 2014, the Financial Accounting Standards Board (“FASB”) issued guidance to change the recognition of revenue from contracts with customers, Accounting Standards Update (“ASU”) 2014-09, Revenue from Contracts with Customers. The core principle of the new guidance is that an entity should recognize revenue to reflect the transfer of goods and services to customers in an amount equal to the consideration the entity receives or expects to receive. This guidance also includes expanded disclosure requirements that result in an entity providing users of financial statements with comprehensive information about the nature, amount, timing, and uncertainty of revenue and cash flows arising from the entity’s contracts with customers. In August 2015, the FASB deferred the effective date of ASU 2014-09 As a result of the deferral, the guidance in ASU 2014-09 will be effective for the Company for reporting periods beginning after December 15, 2017. The Company does not expect these amendments to have a material effect on its financial statements. In June 2014, the FASB issued guidance which clarifies that performance targets associated with stock compensation should be treated as a performance condition and should not be reflected in the grant date fair value of the stock award. The amendments were effective for the Company on January 1, 2016 and had no effect on its financial statements. In August 2014, the FASB issued guidance that is intended to define management’s responsibility to evaluate whether there is substantial doubt about an organization’s ability to continue as a going concern and to provide related footnote disclosures. In connection with preparing financial statements, management will need to evaluate whether there are conditions or events, considered in the aggregate, that raise substantial doubt about the organization’s ability to continue as a going concern within one year after the date that the financial statements are issued. The amendments were effective for the Company for 2016 and had no material effect on its financial statements. In January 2015, the FASB issued guidance to eliminate from U.S. GAAP the concept of an extraordinary item, which is an event or transaction that is both (1) unusual in nature and (2) infrequently occurring. Under the new guidance, an entity will no longer (1) segregate an extraordinary item from the results of ordinary operations; (2) separately present an extraordinary item on its income statement, net of tax, after income from continuing operations; or (3) disclose income taxes and earnings-per-share data applicable to an extraordinary item. The amendments were effective for the Company on January 1, 2016. The Company is applying the guidance prospectively. The amendments had no effect on the financial statements. In February 2015, the FASB issued guidance which amends the consolidation requirements and significantly changes the consolidation analysis required under U.S. GAAP. The amendments were effective for the Company on January 1, 2016 and did not have a material effect on the financial statements. In April 2015, the FASB issued guidance which changes the presentation of debt issuance costs. The amendments were effective for the Company on January 1, 2016. As a result, all debt issuance costs were reclassified to offset related debt. In June 2015, the FASB issued amendments to clarify the Accounting Standards Codification (“ASC”), correct unintended application of guidance, and make minor improvements to the ASC that are not expected to have a significant effect on current accounting practice or create a significant administrative cost to most entities. The amendments were effective upon issuance (June 12, 2015) for amendments that do not have transition guidance. Amendments that are subject to transition guidance were effective on January 1, 2016 and had no material effect on the Company’s financial statements. In August 2015, the FASB issued amendments to the Interest topic of the ASC to clarify the SEC staff’s position on presenting and measuring debt issuance costs incurred in connection with line-of-credit arrangements. The amendments were effective upon issuance. The amendments did not have a material effect on the Company’s financial statements. In January 2016, the FASB amended the Financial Instruments topic of the ASC to address certain aspects of recognition, measurement, presentation, and disclosure of financial instruments. The amendments will be effective for fiscal years beginning after December 15, 2017, including interim periods within those fiscal years. The Company will apply the guidance by means of a cumulative-effect adjustment to the balance sheet as of the beginning of the fiscal year of adoption. The amendments related to equity securities without readily determinable fair values will be applied prospectively to equity investments that exist as of the date of adoption of the amendments. The Company does not expect these amendments to have a material effect on its financial statements. In February 2016, the FASB amended the Leases topic of the ASC to require all leases with lease terms over 12 months to be capitalized as a right-of-use asset and lease liability on the balance sheet at the date of lease commencement. Leases will be classified as either finance leases or operating leases. This distinction will be relevant for the pattern of expense recognition in the income statement. The amendments will be effective for fiscal years beginning after December 15, 2018, including interim periods within those fiscal years. The Company is currently evaluating the effect that implementation of the new standard will have on its financial position, results of operations, and cash flows. In March 2016, the FASB amended the Revenue from Contracts with Customers topic of the ASC to clarify the implementation guidance on principal versus agent considerations and address how an entity should assess whether it is the principal or the agent in contracts that include three or more parties. The amendments will be effective for the Company for reporting periods beginning after December 15, 2017. The Company does not expect these amendments to have a material effect on its financial statements. In March 2016, the FASB issued guidance to simplify several aspects of the accounting for share-based payment award transactions including the income tax consequences, the classification of awards as either equity or liabilities, and the classification on the statement of cash flows. Additionally, the guidance simplifies two areas specific to entities other than public business entities allowing them to apply a practical expedient to estimate the expected term for all awards with performance or service conditions that have certain characteristics and also allowing them to make a one-time election to switch from measuring all liability-classified awards at fair value to measuring them at intrinsic value. The amendments will be effective for the Company for annual periods beginning after December 15, 2016 and interim periods within those annual periods. The Company does not expect these amendments to have a material effect on its financial statements. In May 2016, the FASB amended the Revenue from Contracts with Customers topic of the ASC to clarify guidance related to collectability, noncash consideration, presentation of sales tax, and transition. The amendments will be effective for the Company for reporting periods beginning after December 15, 2017. The Company does not expect these amendments to have a material effect on its financial statements. In June 2016, the FASB issued guidance to change the accounting for credit losses and modify the impairment model for certain debt securities. The guidance requires a financial asset (including trade receivables) measured at amortized cost basis to be presented at the net amount expected to be collected. Thus, the income statement will reflect the measurement of credit losses for newly-recognized financial assets as well as the expected increases or decreases of expected credit losses that have taken place during the period. The amendments will be effective for the Company for reporting periods beginning after December 15, 2019. The Company is currently evaluating the effect that implementation of the new standard will have on its financial statements. In August 2016, the FASB amended the Statement of Cash Flows topic of the ASC to clarify how certain cash receipts and cash payments are presented and classified in the statement of cash flows. The amendments will be effective for the Company for fiscal years beginning after December 15, 2017 including interim periods within those fiscal years. The Company does not expect these amendments to have a material effect on its financial statements. In October 2016, the FASB amended the Income Taxes topic of the ASC to modify the accounting for intra-entity transfers of assets other than inventory. The amendments will be effective for the Company for fiscal years beginning after December 15, 2017 including interim periods within those fiscal years. Early adoption is permitted. The Company does not expect these amendments to have a material effect on its financial statements. In October 2016, the FASB amended the Consolidation topic of the ASC to revise the consolidation guidance on how a reporting entity that is the single decision maker of a variable interest entity (VIE) should treat indirect interests in the entity held through related parties that are under common control with the reporting entity when determining whether it is the primary beneficiary of that VIE. The amendments will be effective for the Company for fiscal years beginning after December 15, 2016 including interim periods within those fiscal years. Early adoption is permitted. The Company does not expect these amendments to have a material effect on its financial statements. In November 2016, the FASB amended the Statement of Cash Flows topic of the ASC to clarify how restricted cash is presented and classified in the statement of cash flows. The amendments will be effective for the Company for fiscal years beginning after December 15, 2017 including interim periods within those fiscal years. Early adoption is permitted. The Company does not expect these amendments to have a material effect on its financial statements. In December 2016, the FASB issued amendments to clarify the ASC, correct unintended application of guidance, and make minor improvements to the ASC that are not expected to have a significant effect on current accounting practice or create a significant administrative cost to most entities. The amendments were effective upon issuance (December 14, 2016) for amendments that do not have transition guidance. Amendments that are subject to transition guidance will be effective for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2016. Early adoption is permitted. The Company does not expect these amendments to have a material effect on its financial statements. In December 2016, the FASB issued technical corrections and improvements to the Revenue from Contracts with Customers Topic. These corrections make a limited number of revisions to several pieces of the revenue recognition standard issued in 2014. The effective date and transition requirements for the technical corrections will be effective for the Company for reporting periods beginning after December 15, 2017. The Company does not expect these amendments to have a material effect on its financial statements. Other accounting standards that have been issued or proposed by the FASB or other standards-setting bodies are not expected to have a material impact on the Company’s financial position, results of operations or cash flows.
Risks And Uncertainties	Risks and Uncertainties The Company is subject to the regulations of various governmental agencies. These regulations can and do change significantly from period to period. The Company also undergoes periodic examinations by the regulatory agencies, which may subject it to further changes with respect to asset valuations, amounts of required loss allowances and operating restrictions from the regulators’ judgments based on information available to them at the time of their examination.
Reclassifications	Reclassifications
Recent Developments	Recent Developments On April 11, 2016, the Company completed a private placement of 359,468,443 shares of common stock at $0.10 per share and 905,316 shares of a new series of convertible perpetual preferred stock, Series A (the “Series A preferred stock”), at $10.00 per share for aggregate cash proceeds of approximately $45.0 million (the “2016 private placement”). Net proceeds from the 2016 private placement, after deducting commissions and expenses, were approximately $41.5 million, of which $38.0 million was contributed to the Bank as a capital contribution to support its operations and increase its capital ratios to meet the then higher minimum capital ratios required under the terms of the terminated Consent Order. Net proceeds from the 2016 private placement were also used to repurchase the Company’s outstanding Series T preferred stock (as defined below), trust preferred securities, and subordinated promissory notes, as described below. On June 30, 2016, the Company completed a public offering of 14,167,600 shares of common stock at $0.10 per share for aggregate cash proceeds of approximately $1.4 million (the “2016 follow-on offering”). The 2016 follow-on offering was conducted primarily to provide the Company’s legacy shareholders, employees and others in its community with an opportunity to invest in the Company at the same offering price of $0.10 per share that the Company offered to the investors in the 2016 private placement. The offering period ended at 5:00 p.m., Eastern Standard time, on June 30, 2016. The proceeds were used for general corporate and operational purposes. On July 7, 2016, the Company sold $4.3 million of nonaccrual loans and $270 thousand of OREO. The loans and OREO were recorded at fair value as of June 30, 2016. On August 23, 2016, the Company filed Articles of Amendment to its Articles of Incorporation to authorize a class of 150,000,000 shares of non-voting common stock. Also on August 23, 2016, the Company converted 905,316 shares of issued and outstanding Series A preferred stock into 90,531,557 shares of non-voting common stock. The 905,316 shares of Series A preferred stock converted into 90,531,557 shares of non-voting common stock represented all of the issued and outstanding shares of Series A preferred stock on such date and, as a result, all shares of the Series A preferred stock are no longer outstanding and resumed the status of authorized and unissued shares of the Company’s preferred stock. On July 31, 2010, the Company completed a private placement of subordinated promissory notes that totaled $12.1 million. The notes bore interest at a rate equal to the current Prime Rate in effect, as published by the Wall Street Journal, plus 3%; provided that the interest rate would not be less than 8% per annum or more than 12% per annum. Beginning in October 2011, the Federal Reserve Bank of Richmond prohibited the Company from paying interest due on the subordinated promissory notes. Effective as of September 16, 2015, the Company, the Bank, and certain other defendants entered into a class action settlement agreement in potential settlement of the putative class action lawsuit initiated by three holders of the Company’s subordinated promissory notes, on behalf of themselves and as representatives of a class of similarly situated purchasers of the Company’s subordinated promissory notes, with respect to alleged wrongful conduct associated with purchases of the subordinated promissory notes, including fraud, violation of state securities statutes, and negligence. On March 2, 2016, the Court of Common Pleas for the Fifteenth Judicial District, State of South Carolina, County of Horry entered a final order of approval approving the class action settlement agreement. Immediately following the closing of the 2016 private placement on April 11, 2016, pursuant to the terms of the class action settlement agreement, the Company established a settlement fund of approximately $2.4 million, which represented 20% of the principal of subordinated promissory notes issued by the Company. The settlement fund was used to redeem the subordinated promissory notes held by class members. Also on April 11, 2016, the Company settled, pursuant to previously executed binding settlement agreements, with all subordinated promissory note holders who opted out of the class action settlement. These settlements, including the class action settlement, constituted the full satisfaction of the principal and interest owed on, and required the immediate dismissal of all pending litigation related to, the respective subordinated promissory notes. In each case, the Company and the Bank also obtained a full and complete release of all claims asserted or that could have been asserted with respect to the subordinated promissory notes. Refer to Note 12 to our Financial Statements for additional information on the subordinated promissory notes. On March 6, 2009, as part of the Troubled Asset Relief Program (the “TARP”) Capital Purchase Program (the “CPP”) established by the U.S. Department of the Treasury (the “U.S. Treasury”) under the Emergency Economic Stabilization Act of 2009, the Company issued and sold to the U.S. Treasury (i) 12,895 shares of fixed rate cumulative perpetual preferred stock, Series T, having a liquidation preference of $1,000 per share (the “Series T preferred stock”), and (ii) a ten-year warrant to purchase up to 91,714 shares of its common stock at an initial exercise price of $21.09 per share (the “CPP Warrant”), for an aggregate purchase price of $12.9 million in cash. Beginning in February 2011, the Federal Reserve Bank of Richmond required the Company to defer dividend payments on the Series T preferred stock. On February 29, 2016, the Company entered into a securities purchase agreement with the U.S. Treasury, pursuant to which the Company agreed to repurchase all 12,895 shares of the Series T preferred stock for $129 thousand, plus reimbursement of attorneys’ fees and other expenses incurred by the U.S Treasury not to exceed $25 thousand. Under the terms of the securities purchase agreement, the U.S. Treasury also agreed to waive any and all unpaid dividends on the Series T preferred stock and to cancel the CPP Warrant. Immediately following the closing of the 2016 private placement on April 11, 2016, pursuant to the terms of the securities purchase agreement, the Company repurchased all 12,895 shares of the Series T preferred stock from the U.S. Treasury for $129 thousand and the U.S. Treasury canceled the CPP Warrant. Refer to Note 15 to our Financial Statements for additional information on the Series T preferred stock. On December 21, 2004, the Trust issued and sold a total of 6,000 trust preferred securities, with $1,000 liquidation amount per capital security and a maturity of December 31, 2034, to institutional buyers in a pooled trust preferred issue. The Company received from the Trust the $6.0 million proceeds from the issuance of the securities and the $186 thousand initial proceeds from the capital investment in the Trust and, accordingly, has shown the funds due to the trust as a $6.2 million junior subordinated debenture. Beginning in February 2011, the Federal Reserve Bank of Richmond prohibited the Company from paying interest due on the trust preferred securities. The Company was permitted to defer these interest payments for up to 20 consecutive quarterly periods, or until March 15, 2016, at which point all of the deferred interest, including interest accrued on such deferred interest, would become due and payable. On February 29, 2016, the Company entered into a securities purchase agreement with Alesco Preferred Funding VI LTD (“Alesco”), pursuant to which the Company agreed to repurchase the trust preferred securities for $600 thousand, plus reimbursement of attorneys’ fees and other expenses incurred by Alesco not to exceed $25 thousand. Alesco also agreed to forgive any and all unpaid interest on the trust preferred securities. On March 16, 2016, the Company received a notice of default from The Bank of New York Mellon Trust Company, N.A., in its capacity as trustee, relating to the trust preferred securities. Immediately following the closing of the 2016 private placement on April 11, 2016, pursuant to the terms of the securities purchase agreement, the Company repurchased all of the trust preferred securities from Alesco for $600 thousand plus $17 thousand in direct legal expenses. Refer to Note 11 to our Financial Statements for additional information on the trust preferred securities. After taking into account the discounted repurchase or redemption prices for the Series T preferred stock, the trust preferred securities and the subordinated promissory notes, each as described above, as well as the forgiveness of accrued and deferred interest, legal fees, amounts paid in settlement of litigation, income taxes, and other expenses incurred in connection with these transactions, the Company recognized a gain, net of income taxes, of approximately $13.8 million on the repurchase of the Series T preferred stock, which is included in retained deficit and an aggregate gain of $19.1 million from the extinguishment of debt which is included in noninterest income. See the respective notes referred to above for additional information.

INVESTMENT SECURITIES (Tables)

INVESTMENT SECURITIES (Tables)	12 Months Ended
	Dec. 31, 2016
Investments, Debt and Equity Securities [Abstract]
Schedule Of Securities Available-For-Sale	Securities available-for-sale consisted of the following: Amortized Gross Unrealized Estimated Cost Gains Losses Fair Value (Dollars in thousands) December 31, 2016 Government-sponsored enterprises $ 8,489 $ — $ (80 ) $ 8,409 Mortgage-backed securities 86,394 202 (2,598 ) 83,998 State and political subdivisions 14,905 14 (797 ) 14,122 Total $ 109,788 $ 216 $ (3,475 ) $ 106,529 December 31, 2015 Government-sponsored enterprises $ 36,720 $ — $ (688 ) $ 36,032 Mortgage-backed securities 53,368 54 (977 ) 52,445 State and political subdivisions 1,221 5 (2 ) 1,224 Total $ 91,309 $ 59 $ (1,667 ) $ 89,701 December 31, 2014 Government-sponsored enterprises $ 40,952 $ 7 $ (877 ) $ 40,082 Mortgage-backed securities 65,328 447 (427 ) 65,348 State and political subdivisions 1,239 10 (5 ) 1,244 Total $ 107,519 $ 464 $ (1,309 ) $ 106,674
Summary Of Maturities Of Securities Available-For-Sale	The following is a summary of maturities of securities available-for-sale as of December 31, 2016. Amortized Cost Due Due After One After Five Within Through Through After Ten Market December 31, 2016 One Year Five Years Ten Years Years Total Value Government sponsored enterprises $ — $ 249 $ 2,000 $ 6,240 $ 8,489 $ 8,409 Mortgage-backed securities — — 19,824 66,570 86,394 83,998 State and political subdivisions — — 11,924 2,981 14,905 14,122 Total $ — $ 249 $ 33,748 $ 75,791 $ 109,788 $ 106,529
Schedule Of Gross Unrealized Losses And Fair Value Of Securities Available-For-Sale	The following table shows gross unrealized losses and fair value, aggregated by investment category, and length of time that individual securities have been in a continuous unrealized loss position, at: December 31, 2016 Less than twelve months Twelve months or more Total Fair Unrealized Fair Unrealized Fair Unrealized (Dollars in thousands) Value Losses Value Losses Value Losses Government-sponsored enterprises $ 8,161 $ (79 ) $ 249 $ (1 ) $ 8,410 $ (80 ) Mortgage-backed securities 56,319 (1,986 ) 19,069 (612 ) 75,388 (2,598 ) State and political subdivisions 12,904 (797 ) — — 12,904 (797 ) Total $ 77,384 $ (2,862 ) $ 19,318 $ (613 ) $ 96,702 $ (3,475 ) December 31, 2015 Less than twelve months Twelve months or more Total Fair Unrealized Fair Unrealized Fair Unrealized (Dollars in thousands) Value Losses Value Losses Value Losses Government-sponsored enterprises $ 31,489 $ (558 ) $ 4,543 $ (130 ) $ 36,032 $ (688 ) Mortgage-backed securities 28,024 (354 ) 17,008 (623 ) 45,032 (977 ) State and political subdivisions 617 (2 ) — — 617 (2 ) Total $ 60,130 $ (914 ) $ 21,551 $ (753 ) $ 81,681 $ (1,667 ) December 31, 2014 Less than twelve months Twelve months or more Total Fair Unrealized Fair Unrealized Fair Unrealized (Dollars in thousands) Value Losses Value Losses Value Losses Government-sponsored enterprises $ — $ — $ 38,076 $ (877 ) $ 38,076 $ (877 ) Mortgage-backed securities 22,024 (244 ) 7,458 (183 ) 29,482 (427 ) State and political subdivisions — — 623 (5 ) 623 (5 ) Total $ 22,024 $ (244 ) $ 46,157 $ (1,065 ) $ 68,181 $ (1,309 )
Schedule Of Gross Realized Gains And Losses On Sales Of Available-For-Sale Secutities	Gross realized gains and losses on sales and calls of available for sale securities for the years ended were as follows: Years ended (Dollars in thousands) December 31, 2016 2015 2014 Gross realized gains $ 216 $ 232 269 Gross realized losses (148 ) — (68 ) Net gain $ 68 $ 232 $ 201

LOAN PORTFOLIO (Tables)

LOAN PORTFOLIO (Tables)	12 Months Ended
	Dec. 31, 2016
Loans and Leases Receivable Disclosure [Abstract]
Components Of Loan Portfolio By Category	Loans consisted of the following: December 31, (Dollars in thousands) 2016 2015 2014 Residential $ 71,444 $ 75,081 $ 84,568 Commercial Real Estate 104,875 101,291 113,852 Commercial 33,800 27,881 30,894 Consumer 4,993 5,114 6,229 Total gross loans $ 215,112 $ 209,367 $ 235,543
Schedule of Related Party Loans	Related party loans consisted of the following: For the Year ended December 31, (Dollars in thousands) 2016 2015 2014 Beginning balance $ 3,222 $ 3,857 $ 3,088 Relationship changes (794 ) — — New loans and advances 4,562 397 1,785 Repayments (523 ) (1,032 ) (1,016 ) Ending balance $ 6,467 $ 3,222 $ 3,857
Schedule Of Allowance For Loan Losses	The following tables detail the activity within our allowance for loan losses as of and for the years ended December 31, 2016, 2015 and 2014, by portfolio segment: December 31, 2016 ( Dollars in thousands Commercial Commercial Real Estate Consumer Residential Total Allowance for loan losses: Beginning balance $ 952 $ 2,543 $ 80 $ 1,026 $ 4,601 Charge-offs (1,132 ) (4,595 ) (72 ) (809 ) (6,608 ) Recoveries 1,382 202 79 171 1,834 Provision (802 ) 4,141 16 568 3,923 Ending balance $ 400 $ 2,291 $ 103 $ 956 $ 3,750 Ending balances: Individually evaluated for impairment $ 25 $ 291 $ 7 $ 320 $ 643 Collectively evaluated for impairment $ 375 $ 2,000 $ 96 $ 636 $ 3,107 Loans receivable: Ending balance, total $ 33,800 $ 104,875 $ 4,993 $ 71,444 $ 215,112 Ending balances: Individually evaluated for impairment $ 1,667 $ 12,616 $ 84 $ 7,254 $ 21,621 Collectively evaluated for impairment $ 32,133 $ 92,259 $ 4,909 $ 64,190 $ 193,491 December 31, 2015 ( Dollars in thousands Commercial Commercial Real Estate Consumer Residential Total Allowance for loan losses: Beginning balance $ 597 $ 3,591 $ 185 $ 1,414 $ 5,787 Charge-offs (539 ) (1,212 ) (81 ) (501 ) (2,333 ) Recoveries 200 727 37 183 1,147 Provision 694 (563 ) (61 ) (70 ) — Ending balance $ 952 $ 2,543 $ 80 $ 1,026 $ 4,601 Ending balances: Individually evaluated for impairment $ 137 $ 396 $ 10 $ 560 $ 1,103 Collectively evaluated for impairment $ 815 $ 2,147 $ 70 $ 466 $ 3,498 Loans receivable: Ending balance, total $ 27,881 $ 101,291 $ 5,114 $ 75,081 $ 209,367 Ending balances: Individually evaluated for impairment $ 2,727 $ 21,582 $ 134 $ 9,418 $ 33,861 Collectively evaluated for impairment $ 25,154 $ 79,709 $ 4,980 $ 65,663 $ 175,506 December 31, 2014 ( Dollars in thousands Commercial Commercial Real Estate Consumer Residential Total Allowance for loan losses: Beginning balance $ 1,020 $ 5,312 $ 144 $ 2,967 $ 9,443 Charge-offs (1,068 ) (4,646 ) (343 ) (974 ) (7,031 ) Recoveries 549 1,117 38 610 2,314 Provision 96 1,808 346 (1,189 ) 1,061 Ending balance $ 597 $ 3,591 $ 185 $ 1,414 $ 5,787 Ending balances: Individually evaluated for impairment $ 151 $ 1,008 $ 11 $ 737 $ 1,907 Collectively evaluated for impairment $ 446 $ 2,583 $ 174 $ 677 $ 3,880 Loans receivable: Ending balance, total $ 30,894 $ 113,852 $ 6,229 $ 84,568 $ 235,543 Ending balances: Individually evaluated for impairment $ 3,644 $ 25,146 $ 175 $ 12,418 $ 41,383 Collectively evaluated for impairment $ 27,250 $ 88,706 $ 6,054 $ 72,150 $ 194,160
Summary Of Delinquencies And Nonaccruals, By Portfolio Class	The following chart summarizes delinquencies and nonaccruals, by portfolio class, as of December 31, 2016, 2015 and 2014. December 31, 2016 (Dollars in thousands) 30-59 Days 60-89 Days 90+ Days Total Total Loans Non- Past Due Past Due Past Due Past Due Current Receivable accrual Commercial $ 82 $ — $ 16 $ 98 $ 33,702 $ 33,800 $ 32 Commercial real estate: Construction 96 — — 96 22,885 22,981 21 Other 782 — 1,219 2,001 79,893 81,894 1,413 Real Estate: Residential 86 133 411 630 70,814 71,444 559 Consumer: Other 34 17 — 51 4,403 4,454 — Revolving credit 2 — — 2 537 539 — Total $ 1,082 $ 150 $ 1,646 $ 2,878 $ 212,234 $ 215,112 $ 2,025 December 31, 2015 (Dollars in thousands) 30-59 Days 60-89 Days 90+ Days Total Total Loans Non- Past Due Past Due Past Due Past Due Current Receivable accrual Commercial $ 321 $ 110 $ 1 $ 432 $ 27,449 $ 27,881 $ 139 Commercial real estate: Construction 25 — 3,186 3,211 27,321 30,532 3,384 Other 973 — 3,046 4,019 66,740 70,759 3,895 Real Estate: Residential 2,887 142 948 3,977 71,104 75,081 1,314 Consumer: Other 108 18 10 136 4,395 4,531 10 Revolving credit 4 — — 4 579 583 — Total $ 4,318 $ 270 $ 7,191 $ 11,779 $ 197,588 $ 209,367 $ 8,742 December 31, 2014 (Dollars in thousands) 30-59 Days 60-89 Days 90+ Days Total Total Loans Non- Past Due Past Due Past Due Past Due Current Receivable accrual Commercial $ 282 $ 27 $ — $ 309 $ 30,585 $ 30,894 $ 633 Commercial real estate: Construction 199 — 364 563 30,907 31,470 4,464 Other 493 283 2,023 2,799 79,583 82,382 2,643 Real Estate: Residential 2,576 372 2,810 5,758 78,810 84,568 3,917 Consumer: Other 101 2 — 103 5,449 5,552 — Revolving credit 4 4 1 9 668 677 4 Total $ 3,655 $ 688 $ 5,198 $ 9,541 $ 226,002 $ 235,543 $ 11,661
Summary Of Internal Credit Risk Grades, By Portfolio Class	The following tables summarize management’s internal credit risk grades, by portfolio class, as of December 31: December 31, 2016 ( Dollars in thousands Commercial Commercial Real Estate Consumer Residential Total Grade 1 - Minimal $ 1,781 $ — $ 383 $ — $ 2,164 Grade 2 – Modest 934 122 112 573 1,741 Grade 3 – Average 2,226 13,877 84 6,588 22,775 Grade 4 – Satisfactory 19,973 58,149 3,971 45,208 127,301 Grade 5 – Watch 7,125 21,807 234 11,531 40,697 Grade 6 – Special Mention 1,484 900 140 1,517 4,041 Grade 7 – Substandard 277 10,020 69 6,027 16,393 Grade 8 – Doubtful — — — — — Grade 9 – Loss — — — — — Total loans receivable $ 33,800 $ 104,875 $ 4,993 $ 71,444 $ 215,112 December 31, 2015 ( Dollars in thousands Commercial Commercial Real Estate Consumer Residential Total Grade 1 - Minimal $ 975 $ — $ 434 $ — $ 1,409 Grade 2 – Modest 561 1,024 37 277 1,899 Grade 3 – Average 4,934 5,620 218 4,716 15,488 Grade 4 – Satisfactory 14,693 58,549 4,031 53,187 130,460 Grade 5 – Watch 2,445 9,654 152 2,988 15,239 Grade 6 – Special Mention 992 6,321 98 3,544 10,955 Grade 7 – Substandard 3,281 20,123 144 10,369 33,917 Grade 8 – Doubtful — — — — — Grade 9 – Loss — — — — — Total loans receivable $ 27,881 $ 101,291 $ 5,114 $ 75,081 $ 209,367 December 31, 2014 ( Dollars in thousands Commercial Commercial Real Estate Consumer Residential Total Grade 1 - Minimal $ 1,093 $ — $ 531 $ — $ 1,624 Grade 2 – Modest 1,164 679 93 1,216 3,152 Grade 3 – Average 3,868 5,618 156 4,688 14,330 Grade 4 – Satisfactory 16,367 59,536 4,928 56,758 137,589 Grade 5 – Watch 2,905 16,091 178 4,695 23,869 Grade 6 – Special Mention 1,191 4,249 132 3,747 9,319 Grade 7 – Substandard 4,306 27,679 211 13,464 45,660 Grade 8 – Doubtful — — — — — Grade 9 – Loss — — — — — Total loans receivable $ 30,894 $ 113,852 $ 6,229 $ 84,568 $ 235,543
Schedule Of Impaired Loans	The following chart details our impaired loans, which includes TDRs totaling $19.7 million, $29.1 million and $33.2 million, by category as of December 31, 2016, 2015 and 2014, respectively: December 31, 2016 ( Dollars in thousands Unpaid Average Interest Recorded Principal Related Recorded Income Investment Balance Allowance Investment Recognized With no related allowance recorded: Commercial $ 720 $ 720 $ — $ 732 $ 43 Commercial real estate 9,194 12,597 — 9,332 574 Residential 4,365 4,553 — 4,390 248 Consumer 33 33 — 34 3 Total: 14,312 17,903 — 14,488 868 With an allowance recorded: Commercial 947 947 25 956 37 Commercial real estate 3,422 3,422 291 3,433 178 Residential 2,889 2,889 320 2,895 120 Consumer 51 51 7 52 2 Total: 7,309 7,309 643 7,336 337 Total: Commercial 1,667 1,667 25 1,688 80 Commercial real estate 12,616 16,019 291 12,765 752 Residential 7,254 7,442 320 7,285 368 Consumer 84 84 7 86 5 Total: $ 21,621 $ 25,212 $ 643 $ 21,824 $ 1,205 December 31, 2015 ( Dollars in thousands Unpaid Average Interest Recorded Principal Related Recorded Income Investment Balance Allowance Investment Recognized With no related allowance recorded: Commercial $ 1,070 $ 1,339 $ — $ 1,319 $ 72 Commercial real estate 17,180 22,037 — 18,989 722 Residential 4,016 4,338 — 4,936 137 Consumer 68 68 — 84 7 Total: 22,334 27,782 — 25,328 938 With an allowance recorded: Commercial 1,657 1,657 137 1,729 79 Commercial real estate 4,402 4,402 396 4,461 207 Residential 5,402 5,443 560 5,445 215 Consumer 66 66 10 66 3 Total: 11,527 11,568 1,103 11,701 504 Total: Commercial 2,727 2,996 137 3,048 151 Commercial real estate 21,582 26,439 396 23,450 929 Residential 9,418 9,781 560 10,381 352 Consumer 134 134 10 150 10 Total: $ 33,861 $ 39,350 $ 1,103 $ 37,029 $ 1,442 December 31, 2014 ( Dollars in thousands Unpaid Average Interest Recorded Principal Related Recorded Income Investment Balance Allowance Investment Recognized With no related allowance recorded: Commercial $ 1,852 $ 2,678 $ — $ 2,649 $ 79 Commercial real estate 19,156 24,441 — 22,377 1,083 Residential 5,950 6,528 — 6,249 268 Consumer 32 32 — 34 3 Total: 26,990 33,679 — 31,309 1,433 With an allowance recorded: Commercial 1,792 1,792 151 1,892 81 Commercial real estate 5,990 6,194 1,008 6,143 282 Residential 6,468 6,468 737 6,506 271 Consumer 143 143 11 150 8 Total: 14,393 14,597 1,907 14,691 642 Total: Commercial 3,644 4,470 151 4,541 160 Commercial real estate 25,146 30,635 1,008 28,520 1,365 Residential 12,418 12,996 737 12,755 539 Consumer 175 175 11 184 11 Total: $ 41,383 $ 48,276 $ 1,907 $ 46,000 $ 2,075
Summary Of Troubled Debt Restructurings	The following is a summary of information pertaining to our TDRs: December 31, (Dollars in thousands) 2016 2015 2014 Nonperforming TDRs $ 1,269 $ 5,449 $ 5,013 Performing TDRs: Commercial 1,635 2,565 2,942 Commercial real estate 10,554 13,883 17,499 Residential 6,133 7,059 7,537 Consumer 84 106 175 Total performing TDRs 18,406 23,613 28,153 Total TDRs $ 19,675 $ 29,062 $ 33,166
Summary Of Loan Modifications	The following table summarizes how loans that were considered TDRs were modified during the years indicated: For the Year Ended December 31, 2016 (Dollars in thousands) TDRs identified during the current year TDRs that subsequently defaulted (1) Number Pre- Post Number Pre- Post- Commercial real estate 4 $ 475 $ 312 — $ — $ — Residential 9 1,257 1,201 — — — Commercial 8 380 380 1 30 30 Consumer — — — — — — Total 21 $ 2,112 $ 1,893 1 $ 30 $ 30 For the Year Ended December 31, 2015 (Dollars in thousands) TDRs identified during the current year TDRs that subsequently defaulted (1) Number Pre- Post Number Pre- Post- Commercial real estate 6 $ 475 $ 475 — $ — $ — Residential 8 755 714 2 412 372 Commercial 3 272 191 — — — Consumer 3 13 13 — — — Total 20 $ 1,515 $ 1,393 2 $ 412 $ 372 For the Year Ended December 31, 2014 (Dollars in thousands) TDRs identified during the current year TDRs that subsequently defaulted (1) Number Pre- Post Number Pre- Post- Commercial real estate 25 $ 6,016 $ 5,837 1 $ 36 $ 36 Residential 19 3,171 2,992 3 518 518 Commercial 5 455 455 — — — Consumer 2 31 31 — — — Total 51 $ 9,673 $ 9,315 4 $ 554 $ 554 (1)
Schedule Of Off-balance Sheet Financial Instruments	The following table summarizes the Company’s off-balance sheet financial instruments whose contract amounts represent credit risk: December 31, (Dollars in thousands) 2016 2015 2014 Commitments to extend credit $ 33,155 $ 21,318 $ 27,017 Standby letters of credit 444 257 247

PREMISES, FURNITURE AND EQUIP37

PREMISES, FURNITURE AND EQUIPMENT (Tables)	12 Months Ended
	Dec. 31, 2016
Property, Plant and Equipment [Abstract]
Schedule of composition of premises, furniture and equipment	Premises, furniture and equipment consisted of the following: December 31, (Dollars in thousands) 2016 2015 2014 Land $ 4,100 $ 4,464 $ 7,099 Buildings and land improvements 13,180 14,301 16,082 Furniture and equipment 7,441 7,557 7,874 Leasehold improvements 40 40 65 24,761 26,362 31,120 Less accumulated depreciation (10,447 ) (10,445 ) (10,828 ) Premises, furniture and equipment, net $ 14,314 $ 15,917 $ 20,292

OTHER REAL ESTATE OWNED (Tables

OTHER REAL ESTATE OWNED (Tables)	12 Months Ended
	Dec. 31, 2016
Other Real Estate [Abstract]
Schedule Of Transactions In Other Real Estate Owned	Transactions in other real estate owned for the years ended December 31: (Dollars in thousands) 2016 2015 2014 Balance, beginning of year $ 13,624 $ 19,501 $ 24,972 Additions 796 4,058 2,183 Sales (5,868 ) (9,709 ) (7,337 ) Write-downs (5,665 ) (226 ) (317 ) Balance, end of period $ 2,887 $ 13,624 $ 19,501

OTHER ASSETS (Tables)

OTHER ASSETS (Tables)	12 Months Ended
	Dec. 31, 2016
Other Assets Tables
Schedule of Other assets	Other assets consisted of the following at December 31: (Dollars in thousands) 2016 2015 2014 Prepaid expenses and insurance $ 478 $ 406 $ 736 Unamortized software 45 55 52 Proceeds due from life insurance — — 1,208 Other 599 423 384 Total $ 1,122 $ 884 $ 2,380

DEPOSITS (Tables)

DEPOSITS (Tables)	12 Months Ended
	Dec. 31, 2016
Deposits:
Schedule Of Deposits	At December 31, 2016, the scheduled maturities of time deposits were as follows (in thousands) Maturing in: Amount Less than one year $ 102,895 One to three years 38,456 Three to ten years 4,880 Beyond ten years — $ 146,231

ADVANCES FROM THE FEDERAL HOM41

ADVANCES FROM THE FEDERAL HOME LOAN BANK (Tables)	12 Months Ended
	Dec. 31, 2016
Federal Home Loan Bank, Advances, General Debt Obligations, Disclosures [Abstract]
Schedule Of Advances From Federal Home Loan Bank	Advances from the Federal Home Loan Bank consisted of the following at December 31, 2016: (Dollars in thousands) Advance Advance Advance Maturing Type Amount Rate On Convertible Advance $ 2,000 3.600 % 9/4/18 Fixed Rate 7,000 1.048 % 10/29/18 Fixed Rate 5,000 3.858 % 8/20/19 Fixed Rate 5,000 2.505 % 11/18/20 Fixed Rate 5,000 2.740 % 11/18/20 $ 24,000

JUNIOR SUBORDINATED DEBENTURES

JUNIOR SUBORDINATED DEBENTURES (Tables)	12 Months Ended
	Dec. 31, 2016
Junior Subordinated Debentures Tables
Schedule of redemption	The redemption consisted of the following ( in thousands Assets Other assets $ 186 Reduction to assets 186 Liabilities Junior subordinated debentures 6,117 Accrued interest payable 958 Reduction to liabilities 7,075 Cash paid (617 ) Gain on extinguishment of debt $ 6,272

SUBORDINATED DEBENTURES (Tables

SUBORDINATED DEBENTURES (Tables)	12 Months Ended
	Dec. 31, 2016
Subordinated Debentures Tables
Schedule of redemption of debentures	The redemption consisted of the following ( in thousands Assets Reduction to assets $ — Liabilities Subordinated debentures 11,023 Accrued interest payable 5,274 Reduction to liabilities 16,297 Cash paid (3,454 ) Gain on extinguishment of debt $ 12,843

CAPITAL REQUIREMENTS (Tables)

CAPITAL REQUIREMENTS (Tables)	12 Months Ended
	Dec. 31, 2016
Compliance with Regulatory Capital Requirements under Banking Regulations [Line Items]
Schedule of capital ratios and regulatory minimum requirements	The following table summarizes the capital ratios and the regulatory minimum requirements for the Company and the Bank. Actual Minimum Minimum (Dollars in thousands) Amount Ratio Amount Ratio Amount Ratio December 31, 2016 The Company Total Capital (to Risk-Weighted Assets) $ 41,697 16.80 % $ 19,861 8.00 % N/A N/A Common Equity Tier I Capital (to Risk-Weighted Assets) $ 35,586 15.54 % $ 9,930 4.50 % N/A N/A Tier I Capital (to Risk-Weighted Assets) $ 38,586 15.54 % $ 9,930 4.00 % N/A N/A Tier I Capital (to Average Assets) $ 38,586 10.15 % $ 15,200 4.00 % N/A N/A The Bank Total Capital (to Risk-Weighted Assets) $ 40,833 16.44 % $ 19,865 8.00 % $ 24,832 10.00 % Common Equity Tier I Capital (to Risk-Weighted Assets) $ 37,721 15.19 % $ 14,899 4.50 % (1 ) (1 ) Tier I Capital (to Risk-Weighted Assets) $ 37,721 15.19 % $ 14,899 6.00 % (1 ) (1 ) Tier I Capital (to Average Assets) $ 37,721 9.95 % $ 15,162 4.00 % $ 30,324 8.00 % Common Equity Tier 1 Capital (to Risk-Weighted Assets) $ 37,721 15.19 % $ 11,174 4.50 % $ N/A N/A December 31, 2015 The Company Total Capital (to Risk-Weighted Assets) $ (10,642 ) (4.15 )% $ 20,537 8.00 % N/A N/A Common Equity Tier I Capital (to Risk-Weighted Assets) $ (10,642 ) (4.15 )% $ 10,269 4.50 % N/A N/A Tier I Capital (to Risk-Weighted Assets) $ (10,642 ) (4.15 )% $ 10,269 4.00 % N/A N/A Tier I Capital (to Average Assets) $ (10,642 ) (2.87 )% $ 14,831 4.00 % N/A N/A The Bank Total Capital (to Risk-Weighted Assets) $ 15,402 5.92 % $ 20,802 8.00 % $ 26,002 10.00 % Common Equity Tier I Capital (to Risk-Weighted Assets) $ 12,135 4.67 % $ 15,601 4.50 % (1 ) (1 ) Tier I Capital (to Risk-Weighted Assets) $ 12,135 4.67 % $ 15,601 6.00 % (1 ) (1 ) Tier I Capital (to Average Assets) $ 12,135 3.28 % $ 14,819 4.00 % $ 29,639 8.00 % Common Equity Tier 1 Capital (to Risk-Weighted Assets) $ 12,135 4.67 % $ 11,701 4.50 % $ N/A N/A December 31, 2014 The Company Total Capital (to Risk-Weighted Assets) $ (10,402 ) (3.61 )% $ 23,031 8.00 % N/A N/A Tier I Capital (to Risk-Weighted Assets) $ (10,402 ) (3.61 )% $ 11,516 4.00 % N/A N/A Tier I Capital (to Average Assets) $ (10,402 ) (2.36 )% $ 17,614 4.00 % N/A N/A The Bank Total Capital (to Risk-Weighted Assets) $ 14,533 5.05 % $ 23,008 8.00 % $ 28,760 10.00 % Tier I Capital (to Risk-Weighted Assets) $ 10,911 3.79 % $ 11,504 4.00 % (1 ) (1 ) Tier I Capital (to Average Assets) $ 10,911 2.53 % $ 17,255 4.00 % $ 34,510 8.00 % (1)

INCOME (LOSS) PER SHARE (Tables

INCOME (LOSS) PER SHARE (Tables)	12 Months Ended
	Dec. 31, 2016
Earnings Per Share [Abstract]
Reconciliation Of Numerators And Denominators Used To Calculate Basic And Diluted Earnings (Losses) Per Share	(Dollars in thousands, except share and per share amounts) Years ended December 31, 2016 2015 2014 Basic income (loss) per common share: Net income (loss) available to common shareholders $ 20,024 $ (1,758 ) $ (1,403 ) Weighted average common shares outstanding - basic 301,460,946 3,823,244 3,770,355 Basic income (loss) per common share $ 0.07 $ (0.46 ) $ (0.37 ) Diluted income (loss) per common share: Net income (loss) available to common shareholders $ 20,204 $ (1,758 ) $ (1,403 ) Weighted average common shares outstanding - basic 301,460,946 3,823,244 3,770,355 Incremental shares 5,791,304 — — Average common shares outstanding - diluted 307,252,250 3,823,244 3,770,355 Diluted income (loss) per common share $ 0.07 $ (0.46 ) $ (0.37 )

STOCK COMPENSATION PLANS (Table

STOCK COMPENSATION PLANS (Tables)	12 Months Ended
	Dec. 31, 2016
Stock Compensation Plans Tables
Schedule of non-vested restricted stock activity	The following summarizes non-vested restricted stock activity for the period: Grant Date Fair Value Weighted of Restricted Average Stock that Number Grant Date Vested During of Shares Fair Value the Year Balance, January 1, 2016 — $ — Granted 27,750,000 0.10 Vested — — $ — Balance, December 31, 2016 27,750,000 $ 0.10

OTHER EXPENSES (Tables)

OTHER EXPENSES (Tables)	12 Months Ended
	Dec. 31, 2016
Other Expenses Tables
OTHER EXPENSES	Other expenses are summarized as follows: Years Ended December 31, (Dollars in thousands) 2016 2015 2014 Stationery, printing, and postage $ 285 $ 297 $ 287 Dues and subscriptions 98 69 59 Telephone 174 186 202 Director and officer insurance 180 196 212 Appraisal fee expense 89 84 123 Accountant fees 288 267 277 Legal fees 936 853 697 Marketing 50 60 16 Consulting fees 574 330 184 Impairment of assets held for sale 248 — — BOLI mortality costs 116 112 107 Other 1,033 633 751 Total $ 4,071 $ 3,087 $ 2,915

INCOME TAXES (Tables)

INCOME TAXES (Tables)	12 Months Ended
	Dec. 31, 2016
Income Taxes Tables
Schedule of provision for income taxes	Income tax expense is summarized as follows: Years Ended December 31, (Dollars in thousands) 2016 2015 2014 Currently payable: Federal $ 147 $ — $ — State 463 27 78 Total current 610 27 78 Deferred income taxes — — — Income tax expense $ 610 $ 27 $ 78
Schedule of deferred income tax liabilities and assets	The components of the net deferred tax asset are as follows: December 31, (Dollars in thousands) 2016 2015 2014 Deferred tax assets: Allowance for loan losses $ 1,275 $ 1,564 $ 1,968 Net unrealized losses on securities available-for-sale 1,206 595 313 Net capitalized loan costs 76 24 23 Net operating loss 17,443 20,253 19,572 Deferred compensation 4 8 13 Nonaccruing interest 12 332 232 Tax credits 393 241 259 Other real estate owned 1,058 265 655 Loss on equity securities — 1 1 Restricted stock 63 — — Other 20 12 8 Total deferred tax assets 21,550 23,295 23,044 Valuation Allowance (20,852 ) (22,474 ) (21,971 ) Total net deferred tax assets 698 821 1,073 Deferred tax liabilities: Accumulated depreciation (667 ) (817 ) (965 ) Gain on sale of real estate — — — Prepaid expenses (31 ) (4 ) (108 ) Total deferred tax liabilities (698 ) (821 ) (1,073 ) Net deferred tax asset $ — $ — $ —
Schedule of reconciliation of the income tax provision and the amount computed by applying the federal statutory rate to income before income taxes	A reconciliation between the income tax expense and the amount computed by applying the Federal statutory rates of 34% to income before income taxes follows: Years ended December 31, (Dollars in thousands) 2016 2015 2014 Tax benefit at statutory rate $ 2,331 $ (74 ) $ (73 ) State income tax, net of federal income tax benefit 617 18 52 Tax-exempt interest income — — (5 ) Bank owned life insurance (110 ) (108 ) (113 ) Life insurance proceeds — — (315 ) Valuation allowance (2,233 ) 220 542 Other 5 (29 ) (10 ) Income tax expense $ 610 $ 27 $ 78

FAIR VALUE (Tables)

FAIR VALUE (Tables)	12 Months Ended
	Dec. 31, 2016
Fair Value Disclosures [Abstract]
Schedule Of Carrying Values And Estimated Fair Values Of Financial Instruments	The carrying values and estimated fair values of the Company’s financial instruments were as follows: December 31, 2016 Fair Value Measurements (Dollars in thousands) Carrying Estimated Quoted Significant Significant Financial Assets: Cash and cash equivalents $ 25,429 $ 25,429 $ 25,429 $ — $ — Securities available-for-sale 106,529 106,529 — 106,529 — Nonmarketable equity securities 1,345 1,345 — — 1,345 Loans, net 211,362 211,278 — — 211,278 Financial Liabilities: Demand deposit, interest-bearing transaction, and savings accounts 167,038 167,038 167,038 — — Certificates of deposit 146,231 145,779 — 145,779 — Repurchase agreements 1,983 1,983 — 1,983 — Advances from the Federal Home Loan Bank 24,000 24,307 — 24,307 — December 31, 2015 Fair Value Measurements (Dollars in thousands) Carrying Estimated Quoted Significant Significant Financial Assets: Cash and cash equivalents $ 22,137 $ 22,137 $ 22,137 $ — $ — Securities available-for-sale 89,701 89,701 — 89,701 — Nonmarketable equity securities 1,330 1,330 — — 1,330 Loans, net 204,766 204,975 — — 204,975 Financial Liabilities: Demand deposit, interest-bearing transaction, and savings accounts 156,860 156,860 156,860 — — Certificates of deposit 173,971 174,964 — 174,964 — Repurchase agreements 1,716 1,716 — 1,716 — Advances from the Federal Home Loan Bank 17,000 17,108 — 17,108 — Subordinated debentures 11,062 * — — — Junior subordinated debentures 6,186 * — — — * The Company is unable to determine this value. December 31, 2014 Fair Value Measurements (Dollars in thousands) Carrying Estimated Quoted Significant Significant Financial Assets: Cash and cash equivalents $ 28,527 $ 28,527 $ 28,527 $ — $ — Securities available-for-sale 106,674 106,674 — 106,674 — Nonmarketable equity securities 1,342 1,342 — — 1,342 Loans, net 229,756 230,038 — — 230,038 Financial Liabilities: Demand deposit, interest-bearing transaction, and savings accounts 170,538 170,538 170,538 — — Certificates of deposit 220,799 222,789 — 222,789 — Repurchase agreements 1,612 1,612 — 1,612 — Advances from the Federal Home Loan Bank 17,000 17,136 — 17,136 — Subordinated debentures 11,062 * — — — Junior subordinated debentures 6,186 * — — — * The Company is unable to determine this value.
Schedule Of Carrying Values And Estimated Fair Values Of Off-Balance Sheet Financial Instruments	The carrying values and estimated fair values of the Company’s financial instruments were as follows: December 31, 2016 Notional Estimated Amount Fair Value Off-Balance Sheet Financial Instruments: Commitments to extend credit $ 33,155 n/a Standby letters of credit 444 n/a December 31, 2015 Notional Estimated Amount Fair Value Off-Balance Sheet Financial Instruments: Commitments to extend credit $ 21,318 n/a Standby letters of credit 257 n/a December 31, 2014 Notional Estimated Amount Fair Value Off-Balance Sheet Financial Instruments: Commitments to extend credit $ 27,017 n/a Standby letters of credit 247 n/a
Schedule Of Assets And Liabilities Measured At Fair Value On A Recurring Basis	The tables below present the balances of assets and liabilities measured at fair value on a recurring basis by level within the fair value hierarchy. Quoted prices in Significant active markets Other Significant for identical Observable Unobservable (Dollars in thousands) assets Inputs Inputs Total (Level 1) (Level 2) (Level 3) December 31, 2016 Assets: Government sponsored enterprises $ 8,409 $ — $ 8,409 $ — Mortgage-backed securities 83,998 — 83,998 — Obligations of state and local governments 14,122 — 14,122 — Total $ 106,529 $ — $ 106,529 $ — December 31, 2015 Assets: Government sponsored enterprises $ 36,032 $ — $ 36,032 $ — Mortgage-backed securities 52,445 — 52,445 — Obligations of state and local governments 1,224 — 1,224 — Total $ 89,701 $ — $ 89,701 $ — December 31, 2014 Assets: Government sponsored enterprises $ 40,082 $ — $ 40,082 $ — Mortgage-backed securities 65,348 — 65,348 — Obligations of state and local governments 1,244 — 1,244 — Total $ 106,674 $ — $ 106,674 $ —
Schedule Of Assets And Liabilities Recorded At Fair Value On A Non-Recurring Basis	The following tables present the assets and liabilities carried on the balance sheet by caption and by level within the valuation hierarchy described above for which a nonrecurring change in fair value has been recorded. Quoted prices in Significant active markets Other Significant (Dollars in thousands) for identical Observable Unobservable assets Inputs Inputs Total (Level 1) (Level 2) (Level 3) December 31, 2016 Assets: Impaired loans, net of valuation allowance $ 20,978 $ — $ — $ 20,978 Other real estate owned 2,887 — — 2,887 Total $ 23,865 $ — $ — $ 23,865 December 31, 2015 Assets: Impaired loans, net of valuation allowance $ 32,758 $ — $ — $ 32,758 Other real estate owned 13,624 — — 13,624 Total $ 46,382 $ — $ — $ 46,382 December 31, 2014 Assets: Impaired loans, net of valuation allowance $ 39,476 $ — $ — $ 39,476 Other real estate owned 19,501 — — 19,501 Total $ 58,977 $ — $ — $ 58,977
Schedule Of Quantitative Information About Level 3 Fair Value Measurements On A Non-Recurring Basis	The following table presents quantitative information about level 3 fair value measurements for financial instruments measured at fair value on a non-recurring basis at December 31, 2016. Management believes the weighted average range of adjustments to be appropriate. As discussed previously, depressed real estate values in the areas we serve may cause larger adjustments from time to time. (Dollars in thousands) December 31, Valuation Unobservable Range 2016 Techniques Inputs (Weighted Avg) Impaired loans: Commercial $ 1,642 Appraised Value/ Appraisals and/or sales Discounted Cash of comparable properties/ 0.00%-23.50% Flows Independent quotes (4.00% ) Commercial real estate 12,325 Appraised Value/ Appraisals and/or sales Discounted Cash of comparable properties/ 0.00%-10.00% Flows Independent quotes (6.72% ) Residential 6,934 Appraised Value/ Appraisals and/or sales Discounted Cash of comparable properties/ 0.00%-10.00% Flows Independent quotes (8.05% ) Consumer 77 Appraised Value/ Appraisals and/or sales Discounted Cash of comparable properties/ 0.00%-10.00% Flows Independent quotes (1.25% ) Other real estate owned 2,887 Appraised Value/ Appraisals and/or sales Discounted Cash of comparable properties/ 0.00%-10.00% Flows Independent quotes (10.00% ) The following table presents quantitative information about level 3 fair value measurements for financial instruments measured at fair value on a non-recurring basis at December 31, 2015. Management believes the weighted average range of adjustments to be appropriate. As discussed previously, depressed real estate values in the areas we serve may cause larger adjustments from time to time. (Dollars in thousands) December 31, Valuation Unobservable Range 2015 Techniques Inputs (Weighted Avg) Impaired loans: Commercial $ 2,590 Appraised Value/ Appraisals and/or sales Discounted Cash of comparable properties/ 0.00%-10.00% Flows Independent quotes (8.77% ) Commercial real estate 21,186 Appraised Value/ Appraisals and/or sales Discounted Cash of comparable properties/ 0.00%-32.33% Flows Independent quotes (10.23% ) Residential 8,858 Appraised Value/ Appraisals and/or sales Discounted Cash of comparable properties/ 0.00%-10.00% Flows Independent quotes (9.90% ) Consumer 124 Appraised Value/ Appraisals and/or sales Discounted Cash of comparable properties/ 0.00%-10.00% Flows Independent quotes (10.00% ) Other real estate owned 13,624 Appraised Value/ Appraisals and/or sales Discounted Cash of comparable properties/ 0.00%-10.00% Flows Independent quotes (10.00% ) The following table presents quantitative information about level 3 fair value measurements for financial instruments measured at fair value on a non-recurring basis at December 31, 2014. Management believes the weighted average range of adjustments to be appropriate. As discussed previously, depressed real estate values in the areas we serve may cause larger adjustments from time to time. (Dollars in thousands) December 31, Valuation Unobservable Range 2014 Techniques Inputs (Weighted Avg) Impaired loans: Commercial $ 3,493 Appraised Value/ Appraisals and/or sales Discounted Cash of comparable properties/ 0.00%-68.05% Flows Independent quotes (25.71% ) Commercial real estate 24,138 Appraised Value/ Appraisals and/or sales Discounted Cash of comparable properties/ 0.00%-10.00% Flows Independent quotes (10.80% ) Residential 11,681 Appraised Value/ Appraisals and/or sales Discounted Cash of comparable properties/ 0.00%-47.31% Flows Independent quotes (7.31% ) Consumer 164 Appraised Value/ Appraisals and/or sales Discounted Cash of comparable properties/ 0.00%-10.00% Flows Independent quotes (10.00% ) Other real estate owned 19,501 Appraised Value/ Appraisals and/or sales Discounted Cash of comparable properties/ 0.00%-10.00% Flows Independent quotes (10.00% )

HCSB FINANCIAL CORPORATION (P50

HCSB FINANCIAL CORPORATION (PARENT COMPANY ONLY) (Tables)	12 Months Ended
	Dec. 31, 2016
Hcsb Financial Corporation Parent Company Only Tables
Schedule of condensed Balace Sheet of the parent company	Presented below are the condensed financial statements for HCSB Financial Corporation (Parent Company Only). Condensed Balance Sheets December 31, (Dollars in thousands) 2016 2015 2014 Assets Cash $ 806 $ 5 $ 26 Investment in banking subsidiary 34,461 10,527 10,066 Investment in trust — 186 186 Other assets 70 1 — Total assets $ 35,337 $ 10,719 $ 10,278 Liabilities and shareholders’ equity Accrued interest payable-subordinated debentures $ — $ 4,925 $ 3,685 Accrued interest payable-junior subordinated debentures — 901 714 Subordinated debentures — 11,021 11,011 Junior subordinated debentures — 6,117 6,113 Other liabilities 10 5 2 Total liabilities 10 22,969 21,525 Shareholders’ equity (deficit) 35,327 (12,250 ) (11,247 ) Total liabilities and shareholder’s equity (deficit) $ 35,337 $ 10,719 $ 10,278
Schedule of Condensed Statements of Operations	Presented below are the condensed financial statements for HCSB Financial Corporation (Parent Company Only). Condensed Statements of Operations Years ended December 31, (Dollars in thousands) 2016 2015 2014 Income Gain from early extinguishment of debt $ 19,115 $ — $ — Interest income on deposits in bank 4 — — 19,119 — — Expenses Interest expense on subordinated debentures 322 1,240 1,132 Interest expense on junior subordinated debentures — 186 178 Other expenses 113 44 104 435 1,470 1,414 Gain (loss) before income taxes, and equity in undistributed gains of banking subsidiary 18,684 (1,470 ) (1,414 ) Income tax expense 4,536 — — Equity in undistributed gains (losses) of banking subsidiary (7,902 ) 1,224 1,123 Net income (loss) 6,246 (246 ) (291 ) Preferred dividends and accretion of preferred stock — (1,512 ) (1,112 ) Gain on redemption of preferred shares 13,778 — — Net income (loss) available to common shareholders $ 20,204 $ (1,758 ) $ (1,403 )
Schedule of cash flows for the parent company	Condensed Statements of Cash Flows Years ended December 31, (Dollars in thousands) 2016 2015 2014 Cash flows from operating activities: Net income (loss) $ 6,246 $ (246 ) $ (291 ) Adjustments to reconcile net income (loss) to net cash used by operating activities: Gain from early extinguishment of debt (19,115 ) — — Stock compensation expense 185 Amortization of debt issuance costs 2 — — Equity in undistributed gains (losses) of banking subsidiary 7,902 (1,224 ) (1,123 ) (Increase) decrease in other assets (69 ) 12 13 Increase in accrued interest payable and other liabilities 411 1,431 1,310 Net cash used by operating activities (4,438 ) (27 ) (91 ) Cash flows from investing activities: Net investment in bank subsidiary (33,487 ) — — Net cash used by investing activities (33,487 ) — — Cash flows from financing activities: Redemption of subordinated debentures (3,454 ) — — Redemption of junior subordinated debentures (617 ) — — Redemption of Series T preferred stock and CPP Warrant (129 ) — — Issuance of Series A preferred stock 9,053 — — Issuance of common stock 37,364 6 58 Stock issuance costs (3,491 ) — — Net cash provided by financing activities 38,726 6 58 Net change in cash 801 (21 ) (33 ) Cash and cash equivalents, beginning of year 5 26 59 Cash and cash equivalents, end of year $ 806 $ 5 $ 26

QUARTERLY RESULTS OF OPERATIO51

QUARTERLY RESULTS OF OPERATIONS (Tables)	12 Months Ended
	Dec. 31, 2016
Quarterly Financial Information Disclosure [Abstract]
Schedule of Quarterly Financial Information	2016 Fourth Third Second First (Dollars in thousands) Interest income $ 3,153 $ 3,172 $ 3,054 $ 2,989 Interest expense 649 668 609 1,046 Net interest income 2,504 2,504 2,445 1,943 Provision for loan losses (1,061 ) — 3,560 1,424 Net interest income after provision for loan losses 3,565 2,504 (1,115 ) 519 Noninterest income 411 334 19,453 416 Noninterest expense 2,886 4,622 7,505 4,218 Net income (loss) before income taxes 1,090 (1,784 ) 10,833 (3,283 ) Income tax expense (310 ) — 920 — Net income (loss) 1,400 (1,784 ) 9,913 (3,283 ) Preferred dividends and accretion of preferred stock — — — 398 Gain on extinguishment of preferred shares — — 13,778 — Net income (loss) available to common shareholders $ 1,400 $ (1,784 ) $ 23,691 $ (3,681 ) Net income (loss) per common share, basic $ 0.00 $ (0.00 ) $ 0.07 $ (0.96 ) Net income (loss) per common share, diluted $ 0.00 $ (0.00 ) $ 0.07 $ (0.96 )

ORGANIZATION AND SIGNIFICANT 52

ORGANIZATION AND SIGNIFICANT ACCOUNTING POLICIES (Details Narrative) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Federal Home Loan Bank Stock	$ 1,300	$ 1,100	$ 1,200
Investment in Trust		186	186
Total Loans	211,362	204,766	229,756
Advertising Expense	$ 50	$ 60	$ 16
Building [Member]
Estimated Useful Life of asset (in years)	40 years
Furniture and Fixtures [Member] | Minimum [Member]
Estimated Useful Life of asset (in years)	3 years
Furniture and Fixtures [Member] | Maximum [Member]
Estimated Useful Life of asset (in years)	10 years
Credit Concentration Risk [Member] | Residential And Commercial Real Estate Loans [Member]
Total Loans	$ 176,300
Concentration Risk (as a percentage)	81.97%
Credit Concentration Risk [Member] | Commercial and Industrial Non-Real Estate loans [Member]
Total Loans	$ 33,800
Concentration Risk (as a percentage)	15.71%

ORGANIZATION, SIGNIFICANT ACCOU

ORGANIZATION, SIGNIFICANT ACCOUNTING POLICIES AND RECENT DEVELOPMENTS (Details Narrative 1) - USD ($) $ / shares in Units, $ in Thousands	Aug. 23, 2016	Apr. 11, 2016	Jun. 30, 2016	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014	Mar. 06, 2009
Common stock, shares authorized				500,000,000	500,000,000	500,000,000
Common Stock issued				405,232,383	3,846,340	3,816,340
Proceeds from issuance of stock				$ 37,364	$ 6	$ 58
Private Placement [Member]
Common Stock issued		359,468,443
Stock Issued, Price per share		$ 0.10
Proceeds from issuance of private placement		$ 45,000
Proceeds from issuance of stock net of commissions and expenses		41,500
Capital contributed to Bank from Company		$ 38,000
Public Offering Member [Member]
Common Stock issued			14,167,600
Stock Issued, Price per share			$ 0.10
Proceeds from issuance of stock			$ 1,400,000
Non-Voting Common Stock [Member]
Common stock, shares authorized	150,000,000			150,000,000	150,000,000	150,000,000
Common Stock issued				90,531,557
Number of shares converted	90,531,557
Preferred Stock [Member]
Fixed rate cumulative perpetual preferred stock, series T, shares issued to U.S. Treasury							12,895
Series A Preferred Stock [Member]
Number of shares converted	905,316
Series A Preferred Stock [Member] | Private Placement [Member]
Stock Issued, Price per share		$ 10
Fixed rate cumulative perpetual preferred stock, series T, shares issued to U.S. Treasury		905,316
Series T Preferred Stock [Member]
Fixed rate cumulative perpetual preferred stock, series T, shares issued to U.S. Treasury							12,895

ORGANIZATION, SIGNIFICANT ACC54

ORGANIZATION, SIGNIFICANT ACCOUNTING POLICIES AND RECENT DEVELOPMENTS (Details Narrative 2) - USD ($) $ in Thousands	1 Months Ended
	Jul. 31, 2011	Jul. 30, 2011	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Organization Significant Accounting Policies And Recent Developments Details Narrative 2
Subordinated debentures	$ 12,062			$ 11,021	$ 11,011
Subordinated borrowing terms and conditions	Interest at a rate equal to the current Prime Rate in effect, as published by the Wall Street Journal, plus 3%	Interest at a rate equal to the current Prime Rate in effect, as published by the Wall Street Journal, plus 3%
Subordinated promissory note current Prime Rate margin	3.00%
Subordinated promissory note interest rate floor	8.00%	8.00%
Subordinated promissory note interest rate ceiling	12.00%	12.00%

REGULATORY MATTERS AND FUTURE55

REGULATORY MATTERS AND FUTURE OPERATIONS (Details) - USD ($) $ in Thousands	Dec. 31, 2016	Dec. 31, 2015	Feb. 10, 2011
Compliance with Regulatory Capital Requirements under Banking Regulations [Line Items]
Nonperforming assets	$ 4,900	$ 22,400
Percentage of nonperforming assets	1.31%	6.19%
Consent Order Requirements [Member] | Minimum [Member]
Compliance with Regulatory Capital Requirements under Banking Regulations [Line Items]
Total risk based capital of risk-weighted assets (as a percentage)			10.00%
Tier 1 capital of total assets (as a percentage)			8.00%

INVESTMENT SECURITIES (Details)

INVESTMENT SECURITIES (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Schedule of Available-for-sale Securities [Line Items]
Amortized Cost	$ 109,788	$ 91,309	$ 107,519
Gross Unrealized Gains	216	59	464
Gross Unrealized Losses	(3,475)	(1,667)	(1,309)
Estimated Fair Value	106,529	89,701	106,674
Government Sponsored Enterprises Debt Securities [Member]
Schedule of Available-for-sale Securities [Line Items]
Amortized Cost	8,489	36,720	40,952
Gross Unrealized Gains			7
Gross Unrealized Losses	(80)	(688)	(877)
Estimated Fair Value	8,409	36,032	40,082
Mortgage Backed Securities [Member]
Schedule of Available-for-sale Securities [Line Items]
Amortized Cost	86,394	53,368	65,328
Gross Unrealized Gains	202	54	447
Gross Unrealized Losses	(2,598)	(977)	(427)
Estimated Fair Value	83,998	52,445	65,348
Obligations Of State And Local Governments [Member]
Schedule of Available-for-sale Securities [Line Items]
Amortized Cost	14,905	1,221	1,239
Gross Unrealized Gains	14	5	10
Gross Unrealized Losses	(797)	(2)	(5)
Estimated Fair Value	$ 14,122	$ 1,224	$ 1,244

INVESTMENT SECURITIES (Details

INVESTMENT SECURITIES (Details 2) - USD ($) $ in Thousands	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Securities Available-For-Sale Amortized Cost [Abstract]
Due within one year
Due after one year but within five years	249
Due after five years but within ten years	33,748
Due after ten years	75,791
Amortized Cost	109,788	$ 91,309	$ 107,519
Estimated Fair Value	106,529	89,701	106,674
Government Sponsored Enterprises Debt Securities [Member]
Securities Available-For-Sale Amortized Cost [Abstract]
Due within one year
Due after one year but within five years	249
Due after five years but within ten years	2,000
Due after ten years	6,240
Amortized Cost	8,489	36,720	40,952
Estimated Fair Value	8,409	36,032	40,082
Mortgage Backed Securities [Member]
Securities Available-For-Sale Amortized Cost [Abstract]
Due within one year
Due after one year but within five years
Due after five years but within ten years	19,824
Due after ten years	66,570
Amortized Cost	86,394	53,368	65,328
Estimated Fair Value	83,998	52,445	65,348
Obligations Of State And Local Governments [Member]
Securities Available-For-Sale Amortized Cost [Abstract]
Due within one year
Due after one year but within five years
Due after five years but within ten years	11,924
Due after ten years	2,981
Amortized Cost	14,905	1,221	1,239
Estimated Fair Value	$ 14,122	$ 1,224	$ 1,244

INVESTMENT SECURITIES (Detail58

INVESTMENT SECURITIES (Details 3) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Schedule of Available-for-sale Securities [Line Items]
Securities Available-for-Sale, Less than twelve months, Fair Value	$ 77,384	$ 60,130	$ 22,024
Securities Available-for-Sale, Less than twelve months, Unrealized losses	(2,862)	(914)	(244)
Securities Available-for-Sale, Twelve months or more, Fair value	19,318	21,551	46,157
Securities Available-for-Sale, Twelve months or more, Unrealized losses	(613)	(753)	(1,065)
Securities Available-for-Sale, Total, Fair Value	96,702	81,681	68,181
Securities Available-for-Sale, Total, Unrealized losses	(3,475)	(1,667)	(1,309)
Government Sponsored Enterprises Debt Securities [Member]
Schedule of Available-for-sale Securities [Line Items]
Securities Available-for-Sale, Less than twelve months, Fair Value	8,161	31,489
Securities Available-for-Sale, Less than twelve months, Unrealized losses	(79)	(558)
Securities Available-for-Sale, Twelve months or more, Fair value	249	4,543	38,076
Securities Available-for-Sale, Twelve months or more, Unrealized losses	(1)	(130)	(877)
Securities Available-for-Sale, Total, Fair Value	8,410	36,032	38,076
Securities Available-for-Sale, Total, Unrealized losses	(80)	(688)	(877)
Mortgage Backed Securities [Member]
Schedule of Available-for-sale Securities [Line Items]
Securities Available-for-Sale, Less than twelve months, Fair Value	56,319	28,024	22,024
Securities Available-for-Sale, Less than twelve months, Unrealized losses	(1,986)	(354)	(244)
Securities Available-for-Sale, Twelve months or more, Fair value	19,069	17,008	7,458
Securities Available-for-Sale, Twelve months or more, Unrealized losses	(612)	(623)	(183)
Securities Available-for-Sale, Total, Fair Value	75,388	45,032	29,482
Securities Available-for-Sale, Total, Unrealized losses	(2,598)	(977)	(427)
Obligations Of State And Local Governments [Member]
Schedule of Available-for-sale Securities [Line Items]
Securities Available-for-Sale, Less than twelve months, Fair Value	12,904	617
Securities Available-for-Sale, Less than twelve months, Unrealized losses	(797)	(2)
Securities Available-for-Sale, Twelve months or more, Fair value			623
Securities Available-for-Sale, Twelve months or more, Unrealized losses			(5)
Securities Available-for-Sale, Total, Fair Value	12,904	617	623
Securities Available-for-Sale, Total, Unrealized losses	$ (797)	$ (2)	$ (5)

INVESTMENT SECURITIES (Detail59

INVESTMENT SECURITIES (Details 4) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Investments, Debt and Equity Securities [Abstract]
Gross realized gains	$ 216	$ 232	$ 269
Gross realized losses	(148)		(68)
Net gain	$ 68	$ 232	$ 201

INVESTMENT SECURITIES (Detail60

INVESTMENT SECURITIES (Details Narrative) $ in Thousands	12 Months Ended
	Dec. 31, 2016USD ($)Number	Dec. 31, 2015USD ($)	Dec. 31, 2014USD ($)
Book value of investment securities pledged to secure deposits	$ 43,800	$ 36,700	$ 42,800
Market value of investment securities pledged to secure deposits	42,600	36,100	42,200
Proceeds from sales of securities available-for-sale	$ 25,101	$ 23,326	$ 32,823
Government Sponsored Enterprises Debt Securities [Member]
Number of individual securities in an unrealized loss position for more than twelve months | Number	1
Mortgage Backed Securities [Member]
Number of individual securities in an unrealized loss position for more than twelve months | Number	20

LOAN PORTFOLIO (Details)

LOAN PORTFOLIO (Details) - USD ($) $ in Thousands	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Total Loans Receivable	$ 215,112	$ 209,367	$ 235,543
Residential Portfolio Segment [Member]
Total Loans Receivable	71,444	75,081	84,568
Commercial Real Estate Portfolio Segment [Member]
Total Loans Receivable	104,875	101,291	113,852
Commercial Loan [Member]
Total Loans Receivable	33,800	27,881	30,894
Consumer Loan [Member]
Total Loans Receivable	$ 4,993	$ 5,114	$ 6,229

LOAN PORTFOLIO (Details 2)

LOAN PORTFOLIO (Details 2) - New Directors/Executive Officers [Member] - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Loan transactions with related parties
Beginning balance	$ 3,222	$ 3,857	$ 3,088
Relationship changes	(794)
New loans and advances	4,562	397	1,785
Loan Payments	(523)	(1,032)	(1,016)
Ending balance	$ 6,467	$ 3,222	$ 3,857

LOAN PORTFOLIO (Details 3)

LOAN PORTFOLIO (Details 3) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Allowances for loan losses, Beginning balance	$ 4,601	$ 5,787	$ 9,443
Allowances for loan losses, Charge-offs	(6,608)	(2,333)	(7,031)
Allowances for loan losses, Recoveries	1,834	1,147	2,314
Allowances for loan losses, Provisions	3,923		1,061
Allowances for loan losses, Ending balance	3,750	4,601	5,787
Allowances for loan losses, Individually evaluated for impairment, Ending Balances	643	1,103	1,907
Allowances for loan losses, Collectively evaluated for impairment, Ending Balances	3,107	3,498	3,880
Loans receivable	215,112	209,367	235,543
Loans receivable, Individually evaluated for impairment	21,621	33,861	41,383
Loans receivable, Collectively evaluated for impairment	193,491	175,506	194,160
Commercial Loan [Member]
Allowances for loan losses, Beginning balance	952	597	1,020
Allowances for loan losses, Charge-offs	(1,132)	(539)	(1,068)
Allowances for loan losses, Recoveries	1,382	200	549
Allowances for loan losses, Provisions	(802)	694	96
Allowances for loan losses, Ending balance	400	952	597
Allowances for loan losses, Individually evaluated for impairment, Ending Balances	25	137	151
Allowances for loan losses, Collectively evaluated for impairment, Ending Balances	375	815	446
Loans receivable	33,800	27,881	30,894
Loans receivable, Individually evaluated for impairment	1,667	2,727	3,644
Loans receivable, Collectively evaluated for impairment	32,133	25,154	27,250
Commercial Real Estate Portfolio Segment [Member]
Allowances for loan losses, Beginning balance	2,543	3,591	5,312
Allowances for loan losses, Charge-offs	(4,595)	(1,212)	(4,646)
Allowances for loan losses, Recoveries	202	727	1,117
Allowances for loan losses, Provisions	4,141	(563)	1,808
Allowances for loan losses, Ending balance	2,291	2,543	3,591
Allowances for loan losses, Individually evaluated for impairment, Ending Balances	291	396	1,008
Allowances for loan losses, Collectively evaluated for impairment, Ending Balances	2,000	2,147	2,583
Loans receivable	104,875	101,291	113,852
Loans receivable, Individually evaluated for impairment	12,616	21,582	25,146
Loans receivable, Collectively evaluated for impairment	92,259	79,709	88,706
Consumer Loan [Member]
Allowances for loan losses, Beginning balance	80	185	144
Allowances for loan losses, Charge-offs	(72)	(81)	(343)
Allowances for loan losses, Recoveries	79	37	38
Allowances for loan losses, Provisions	16	(61)	346
Allowances for loan losses, Ending balance	103	80	185
Allowances for loan losses, Individually evaluated for impairment, Ending Balances	7	10	11
Allowances for loan losses, Collectively evaluated for impairment, Ending Balances	96	70	174
Loans receivable	4,993	5,114	6,229
Loans receivable, Individually evaluated for impairment	84	134	175
Loans receivable, Collectively evaluated for impairment	4,909	4,980	6,054
Residential Portfolio Segment [Member]
Allowances for loan losses, Beginning balance	1,026	1,414	2,967
Allowances for loan losses, Charge-offs	(809)	(501)	(974)
Allowances for loan losses, Recoveries	171	183	610
Allowances for loan losses, Provisions	568	(70)	(1,189)
Allowances for loan losses, Ending balance	956	1,026	1,414
Allowances for loan losses, Individually evaluated for impairment, Ending Balances	320	560	737
Allowances for loan losses, Collectively evaluated for impairment, Ending Balances	636	466	677
Loans receivable	71,444	75,081	84,568
Loans receivable, Individually evaluated for impairment	7,254	9,418	12,418
Loans receivable, Collectively evaluated for impairment	$ 64,190	$ 65,663	$ 72,150

LOAN PORTFOLIO (Details 4)

LOAN PORTFOLIO (Details 4) - USD ($) $ in Thousands	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	$ 2,878	$ 11,779	$ 9,541
Current	212,234	197,588	226,002
Total Loans Receivable	215,112	209,367	235,543
Nonaccrual Loans	2,025	8,742	11,661
Commercial Loan [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	98	432	309
Current	33,702	27,449	30,585
Total Loans Receivable	33,800	27,881	30,894
Nonaccrual Loans	32	139	633
Commercial Real Estate Construction Financing Receivable [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	96	3,211	563
Current	22,885	27,321	30,907
Total Loans Receivable	22,981	30,532	31,470
Nonaccrual Loans	21	3,384	4,464
Commercial Real Estate Other Receivable [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	2,001	4,019	2,799
Current	79,893	66,740	79,583
Total Loans Receivable	81,894	70,759	82,382
Nonaccrual Loans	1,413	3,895	2,643
Residential Portfolio Segment [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	630	3,977	5,758
Current	70,814	71,104	78,810
Total Loans Receivable	71,444	75,081	84,568
Nonaccrual Loans	559	1,314	3,917
Consumer Other Financing Receivable [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	51	136	103
Current	4,403	4,395	5,449
Total Loans Receivable	4,454	4,531	5,552
Nonaccrual Loans		10
Revolving Credit Facilities [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	2	4	9
Current	537	579	668
Total Loans Receivable	539	583	677
Nonaccrual Loans			4
30-59 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	1,082	4,318	3,655
30-59 Days Past Due | Commercial Loan [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	82	321	282
30-59 Days Past Due | Commercial Real Estate Construction Financing Receivable [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	96	25	199
30-59 Days Past Due | Commercial Real Estate Other Receivable [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	782	973	493
30-59 Days Past Due | Residential Portfolio Segment [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	86	2,887	2,576
30-59 Days Past Due | Consumer Other Financing Receivable [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	34	108	101
30-59 Days Past Due | Revolving Credit Facilities [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	2	4	4
60-89 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	150	270	688
60-89 Days Past Due | Commercial Loan [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due		110	27
60-89 Days Past Due | Commercial Real Estate Construction Financing Receivable [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due
60-89 Days Past Due | Commercial Real Estate Other Receivable [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due			283
60-89 Days Past Due | Residential Portfolio Segment [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	133	142	372
60-89 Days Past Due | Consumer Other Financing Receivable [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	17	18	2
60-89 Days Past Due | Revolving Credit Facilities [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due			4
90 + Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	1,646	7,191	5,198
90 + Days Past Due | Commercial Loan [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	16	1
90 + Days Past Due | Commercial Real Estate Construction Financing Receivable [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due		3,186	364
90 + Days Past Due | Commercial Real Estate Other Receivable [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	1,219	3,046	2,023
90 + Days Past Due | Residential Portfolio Segment [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	411	948	2,810
90 + Days Past Due | Consumer Other Financing Receivable [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due		10
90 + Days Past Due | Revolving Credit Facilities [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due			$ 1

LOAN PORTFOLIO (Details 5)

LOAN PORTFOLIO (Details 5) - USD ($) $ in Thousands	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Total loans	$ 215,112	$ 209,367	$ 235,543
Grade 1 - Minimal [Member]
Total loans	2,164	1,409	1,624
Grade 2 - Modest [Member]
Total loans	1,741	1,899	3,152
Grade 3 - Average [Member]
Total loans	22,775	15,488	14,330
Grade 4 - Satisfactory [Member]
Total loans	127,301	130,460	137,589
Grade 5 - Watch [Member]
Total loans	40,697	15,239	23,869
Grade 6 - Special Mention [Member]
Total loans	4,041	10,955	9,319
Grade 7 - Substandard [Member]
Total loans	16,393	33,917	45,660
Grade 8 - Doubtful [Member]
Total loans
Grade 9 - Loss [Member]
Total loans
Commercial Loan [Member]
Total loans	33,800	27,881	30,894
Commercial Loan [Member] | Grade 1 - Minimal [Member]
Total loans	1,781	975	1,093
Commercial Loan [Member] | Grade 2 - Modest [Member]
Total loans	934	561	1,164
Commercial Loan [Member] | Grade 3 - Average [Member]
Total loans	2,226	4,934	3,868
Commercial Loan [Member] | Grade 4 - Satisfactory [Member]
Total loans	19,973	14,693	16,367
Commercial Loan [Member] | Grade 5 - Watch [Member]
Total loans	7,125	2,445	2,905
Commercial Loan [Member] | Grade 6 - Special Mention [Member]
Total loans	1,484	992	1,191
Commercial Loan [Member] | Grade 7 - Substandard [Member]
Total loans	277	3,281	4,306
Commercial Loan [Member] | Grade 8 - Doubtful [Member]
Total loans
Commercial Loan [Member] | Grade 9 - Loss [Member]
Total loans
Commercial Real Estate Portfolio Segment [Member]
Total loans	104,875	101,291	113,852
Commercial Real Estate Portfolio Segment [Member] | Grade 1 - Minimal [Member]
Total loans
Commercial Real Estate Portfolio Segment [Member] | Grade 2 - Modest [Member]
Total loans	122	1,024	679
Commercial Real Estate Portfolio Segment [Member] | Grade 3 - Average [Member]
Total loans	13,877	5,620	5,618
Commercial Real Estate Portfolio Segment [Member] | Grade 4 - Satisfactory [Member]
Total loans	58,149	58,549	59,536
Commercial Real Estate Portfolio Segment [Member] | Grade 5 - Watch [Member]
Total loans	21,807	9,654	16,091
Commercial Real Estate Portfolio Segment [Member] | Grade 6 - Special Mention [Member]
Total loans	900	6,321	4,249
Commercial Real Estate Portfolio Segment [Member] | Grade 7 - Substandard [Member]
Total loans	10,020	20,123	27,679
Commercial Real Estate Portfolio Segment [Member] | Grade 8 - Doubtful [Member]
Total loans
Commercial Real Estate Portfolio Segment [Member] | Grade 9 - Loss [Member]
Total loans
Consumer Loan [Member]
Total loans	4,993	5,114	6,229
Consumer Loan [Member] | Grade 1 - Minimal [Member]
Total loans	383	434	531
Consumer Loan [Member] | Grade 2 - Modest [Member]
Total loans	112	37	93
Consumer Loan [Member] | Grade 3 - Average [Member]
Total loans	84	218	156
Consumer Loan [Member] | Grade 4 - Satisfactory [Member]
Total loans	3,971	4,031	4,928
Consumer Loan [Member] | Grade 5 - Watch [Member]
Total loans	234	152	178
Consumer Loan [Member] | Grade 6 - Special Mention [Member]
Total loans	140	98	132
Consumer Loan [Member] | Grade 7 - Substandard [Member]
Total loans	69	144	211
Consumer Loan [Member] | Grade 8 - Doubtful [Member]
Total loans
Consumer Loan [Member] | Grade 9 - Loss [Member]
Total loans
Residential Portfolio Segment [Member]
Total loans	71,444	75,081	84,568
Residential Portfolio Segment [Member] | Grade 1 - Minimal [Member]
Total loans
Residential Portfolio Segment [Member] | Grade 2 - Modest [Member]
Total loans	573	277	1,216
Residential Portfolio Segment [Member] | Grade 3 - Average [Member]
Total loans	6,588	4,716	4,688
Residential Portfolio Segment [Member] | Grade 4 - Satisfactory [Member]
Total loans	45,208	53,187	56,758
Residential Portfolio Segment [Member] | Grade 5 - Watch [Member]
Total loans	11,531	2,988	4,695
Residential Portfolio Segment [Member] | Grade 6 - Special Mention [Member]
Total loans	1,517	3,544	3,747
Residential Portfolio Segment [Member] | Grade 7 - Substandard [Member]
Total loans	6,027	10,369	13,464
Residential Portfolio Segment [Member] | Grade 8 - Doubtful [Member]
Total loans
Residential Portfolio Segment [Member] | Grade 9 - Loss [Member]
Total loans

LOAN PORTFOLIO (Details Narrati

LOAN PORTFOLIO (Details Narrative) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Total loans	$ 215,112	$ 209,367	$ 235,543
Classified loans	16,400
Classified loans collateralized by real estate	16,000
Recorded investment in impaired loans	21,600	33,900	41,400
TDR impaired loans	19,675	$ 29,062	$ 33,166
Pass [Member]
Total loans	$ 154,000
Pass [Member] | Concentration of Loan Portfolio [Member]
Concentration of Loan (as a percentage)	71.60%
Watch And Special Mention [Member]
Total loans	$ 44,700

LOAN PORTFOLIO (Details 6)

LOAN PORTFOLIO (Details 6) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Recorded-Investment	$ 14,312	$ 22,334	$ 26,990
Unpaid Principal Balance	17,903	27,782	33,679
Average Recorded Investment	14,488	25,328	31,309
Interest Income Recognized	868	938	1,433
Recorded-Investment	7,309	11,527	14,393
Unpaid Principal Balance	7,309	11,568	14,597
Related Allowance	643	1,103	1,907
Average Recorded Investment	7,336	11,701	14,691
Interest Income Recognized	337	504	642
Recorded-Investment	21,600	33,900	41,400
Unpaid Principal Balance	25,212	39,350	48,276
Average Recorded Investment	21,824	37,029	46,000
Interest Income Recognized	1,205	1,442	2,075
Commercial Loan [Member]
Recorded-Investment	720	1,070	1,852
Unpaid Principal Balance	720	1,339	2,678
Average Recorded Investment	732	1,319	2,649
Interest Income Recognized	43	72	79
Recorded-Investment	947	1,657	1,792
Unpaid Principal Balance	947	1,657	1,792
Related Allowance	25	137	151
Average Recorded Investment	956	1,729	1,892
Interest Income Recognized	37	79	81
Recorded-Investment	1,667	2,727	3,644
Unpaid Principal Balance	1,667	2,996	4,470
Average Recorded Investment	1,688	3,048	4,541
Interest Income Recognized	80	151	160
Commercial Real Estate Portfolio Segment [Member]
Recorded-Investment	9,194	17,180	19,156
Unpaid Principal Balance	12,597	22,037	24,441
Average Recorded Investment	9,332	18,989	22,377
Interest Income Recognized	574	722	1,083
Recorded-Investment	3,422	4,402	5,990
Unpaid Principal Balance	3,422	4,402	6,194
Related Allowance	291	396	1,008
Average Recorded Investment	3,433	4,461	6,143
Interest Income Recognized	178	207	282
Recorded-Investment	12,616	21,582	25,146
Unpaid Principal Balance	16,019	26,439	30,635
Average Recorded Investment	12,765	23,450	28,520
Interest Income Recognized	752	929	1,365
Residential Portfolio Segment [Member]
Recorded-Investment	4,365	4,016	5,950
Unpaid Principal Balance	4,553	4,338	6,528
Average Recorded Investment	4,390	4,936	6,249
Interest Income Recognized	248	137	268
Recorded-Investment	2,889	5,402	6,468
Unpaid Principal Balance	2,889	5,443	6,468
Related Allowance	320	560	737
Average Recorded Investment	2,895	5,445	6,506
Interest Income Recognized	120	215	271
Recorded-Investment	7,254	9,418	12,418
Unpaid Principal Balance	7,442	9,781	12,996
Average Recorded Investment	7,285	10,381	12,755
Interest Income Recognized	368	352	539
Consumer Loan [Member]
Recorded-Investment	33	68	32
Unpaid Principal Balance	33	68	32
Average Recorded Investment	34	84	34
Interest Income Recognized	3	7	3
Recorded-Investment	51	66	143
Unpaid Principal Balance	51	66	143
Related Allowance	7	10	11
Average Recorded Investment	52	66	150
Interest Income Recognized	2	3	8
Recorded-Investment	84	134	175
Unpaid Principal Balance	84	134	175
Average Recorded Investment	86	150	184
Interest Income Recognized	$ 5	$ 10	$ 11

LOAN PORTFOLIO (Details 7)

LOAN PORTFOLIO (Details 7) - USD ($) $ in Thousands	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Financing Receivable, Modifications [Line Items]
Restructured debt balances	$ 19,675	$ 29,062	$ 33,166
Financial Receivable Modifications Nonperforming [Member]
Financing Receivable, Modifications [Line Items]
Restructured debt balances	1,269	5,449	5,013
Financial Receivable Modifications Performing [Member]
Financing Receivable, Modifications [Line Items]
Restructured debt balances	18,406	23,613	28,153
Financial Receivable Modifications Performing [Member] | Commercial Loan [Member]
Financing Receivable, Modifications [Line Items]
Restructured debt balances	1,635	2,565	2,942
Financial Receivable Modifications Performing [Member] | Commercial Real Estate [Member]
Financing Receivable, Modifications [Line Items]
Restructured debt balances	10,554	13,883	17,499
Financial Receivable Modifications Performing [Member] | Residential Portfolio Segment [Member]
Financing Receivable, Modifications [Line Items]
Restructured debt balances	6,133	7,059	7,537
Financial Receivable Modifications Performing [Member] | Consumer Loan [Member]
Financing Receivable, Modifications [Line Items]
Restructured debt balances	$ 84	$ 106	$ 175

LOAN PORTFOLIO (Details 8)

LOAN PORTFOLIO (Details 8) - Troubled Debt Restructuring [Member] $ in Thousands		12 Months Ended
		Dec. 31, 2016USD ($)Number	Dec. 31, 2015USD ($)Number	Dec. 31, 2014USD ($)Number
Tdrs That Are In Compliance With Terms Of Agreement [Member]
Number of contracts | Number		21	20	51
Pre- Modification Outstanding Recorded Investment		$ 2,112	$ 1,515	$ 9,673
Post-Modification Outstanding Recorded Investment		$ 1,893	$ 1,393	$ 9,315
Tdrs That Are In Compliance With Terms Of Agreement [Member] | Commercial Real Estate [Member]
Number of contracts | Number		4	6	25
Pre- Modification Outstanding Recorded Investment		$ 475	$ 475	$ 6,016
Post-Modification Outstanding Recorded Investment		$ 312	$ 475	$ 5,837
Tdrs That Are In Compliance With Terms Of Agreement [Member] | Residential Portfolio Segment [Member]
Number of contracts | Number		9	8	19
Pre- Modification Outstanding Recorded Investment		$ 1,257	$ 755	$ 3,171
Post-Modification Outstanding Recorded Investment		$ 1,201	$ 714	$ 2,992
Tdrs That Are In Compliance With Terms Of Agreement [Member] | Commercial Loan [Member]
Number of contracts | Number		8	3	5
Pre- Modification Outstanding Recorded Investment		$ 380	$ 272	$ 455
Post-Modification Outstanding Recorded Investment		$ 380	$ 191	$ 455
Tdrs That Are In Compliance With Terms Of Agreement [Member] | Consumer Loan [Member]
Number of contracts | Number			3	2
Pre- Modification Outstanding Recorded Investment			$ 13	$ 31
Post-Modification Outstanding Recorded Investment			$ 13	$ 31
Tdrs That Are Subsequently Defaulted [Member]
Number of contracts | Number	[1]	1	2	4
Pre- Modification Outstanding Recorded Investment	[1]	$ 30	$ 412	$ 554
Post-Modification Outstanding Recorded Investment	[1]	$ 30	$ 372	$ 554
Tdrs That Are Subsequently Defaulted [Member] | Commercial Real Estate [Member]
Number of contracts | Number	[1]			1
Pre- Modification Outstanding Recorded Investment	[1]			$ 36
Post-Modification Outstanding Recorded Investment	[1]			$ 36
Tdrs That Are Subsequently Defaulted [Member] | Residential Portfolio Segment [Member]
Number of contracts | Number	[1]		2	3
Pre- Modification Outstanding Recorded Investment	[1]		$ 412	$ 518
Post-Modification Outstanding Recorded Investment	[1]		$ 372	$ 518
Tdrs That Are Subsequently Defaulted [Member] | Commercial Loan [Member]
Number of contracts | Number	[1]	1
Pre- Modification Outstanding Recorded Investment	[1]	$ 30
Post-Modification Outstanding Recorded Investment	[1]	$ 30
[1]	Loans past due 90 days or more are considered to be in default.

LOAN PORTFOLIO (Details 9)

LOAN PORTFOLIO (Details 9) - USD ($) $ in Thousands	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Commitments To Extend Credit [Member]
Off-Balance Sheet Financial Instruments:
Notional Amount	$ 33,155	$ 21,318	$ 27,017
Standby Letters Of Credit [Member]
Off-Balance Sheet Financial Instruments:
Notional Amount	$ 444	$ 257	$ 247

PREMISES, FURNITURE AND EQUIP71

PREMISES, FURNITURE AND EQUIPMENT (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Premises Furniture And Equipment Details
Land	$ 4,100	$ 4,464	$ 7,099
Buildings and land improvements	13,180	14,301	16,082
Furniture and equipment	7,441	7,557	7,874
Leasehold improvements	40	40	65
Property, Plant and Equipment, Gross	24,761	26,362	31,120
Less accumulated depreciation	(10,447)	(10,445)	(10,828)
Premises, furniture and equipment, net	14,314	15,917	20,292
Depreciation expense	$ 659	$ 742	$ 789

OTHER REAL ESTATE OWNED (Detail

OTHER REAL ESTATE OWNED (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Other Real Estate [Abstract]
Balance, beginning of year	$ 13,624	$ 19,501	$ 24,972
Additions	796	4,058	2,183
Sales	(5,868)	(9,709)	(7,337)
Write-downs	(5,665)	(226)	(317)
Balance, end of period	$ 2,887	$ 13,624	$ 19,501

OTHER ASSETS (Details)

OTHER ASSETS (Details) - USD ($) $ in Thousands	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Other Assets Details
Prepaid expenses and insurance	$ 478	$ 406	$ 736
Unamortized software	45	55	52
Proceeds due from life insurance			1,208
Other	599	423	384
Total	$ 1,122	$ 884	$ 2,380

DEPOSITS (Details)

DEPOSITS (Details) - USD ($) $ in Thousands	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Time Deposits [Maturity]
Less than one year	$ 102,895
One to three years	38,456
Three to five years	4,880
Beyond five years
Total	146,231
Time deposits in excess of the FDIC insurance limit of $250 thousand	5,000	$ 3,700	$ 6,800
Overdrawn transaction accounts	23	24	17
Brokered deposits	5,200		14,100
Related Party Deposits by directors including their affiliates and executive officers	$ 373	$ 552	$ 1,400

ADVANCES FROM THE FEDERAL HOM75

ADVANCES FROM THE FEDERAL HOME LOAN BANK (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2016USD ($)
Loan Balance	$ 24,000
Convertible Advance 2018-09-04 [Member]
Interest Rate	3.60%
Maturity Date	Sep. 4, 2018
Loan Balance	$ 2,000
Fixed Rate 2018-10-29 [Member]
Interest Rate	1.048%
Maturity Date	Oct. 29, 2018
Loan Balance	$ 7,000
Convertible Advance 2019-08-20 [Member]
Interest Rate	3.858%
Maturity Date	Aug. 20, 2019
Loan Balance	$ 5,000
Fixed Rate 2020-11-18 [Member]
Interest Rate	2.505%
Maturity Date	Nov. 18, 2020
Loan Balance	$ 5,000
Fixed Rate 2020-11-18 [Member]
Interest Rate	2.74%
Maturity Date	Nov. 18, 2020
Loan Balance	$ 5,000

ADVANCES FROM THE FEDERAL HOM76

ADVANCES FROM THE FEDERAL HOME LOAN BANK (Details Narrative) - USD ($) $ in Thousands	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Federal Home Loan Bank Stock				$ 1,300	$ 1,100	$ 1,200
Excess borrowing capacity with FHLB				52,300
Scheduled principal reductions	$ 10,000	$ 5,000	$ 9,000
Mortgage Backed Securities [Member]
First mortgage loans pledged as collateral				18,200
One To Four Family Residential Properties [Member]
First mortgage loans pledged as collateral				2,800
Commercial Real Estate [Member]
First mortgage loans pledged as collateral				901
Home Equity Lines Of Credit [Member]
First mortgage loans pledged as collateral				$ 3,800

JUNIOR SUBORDINATED DEBENTURE77

JUNIOR SUBORDINATED DEBENTURES (Details Narrative) - Hcsb Financial Trust I [Member] - USD ($) $ in Thousands	Apr. 11, 2016	Dec. 21, 2004
Subordinated Borrowing [Line Items]
Proceeds from Preferred securities issued and sold		$ 6,000
Initial proceed from capital investment in trust		186
Funds due to trust		$ 6,200
Deferred interest payments	$ 958

JUNIOR SUBORDINATED DEBENTURE78

JUNIOR SUBORDINATED DEBENTURES (Details) - USD ($) $ in Thousands	Dec. 31, 2016	Apr. 11, 2016	Dec. 31, 2015	Dec. 31, 2014
Assets
Other assets	$ 1,122		$ 884	$ 2,380
Liabilities
Junior subordinated debentures			6,117	6,113
Accrued interest payable	$ 155		$ 5,958	$ 4,583
Junior Subordinated Debt [Member]
Assets
Other assets		$ 186
Reduction to assets		186
Liabilities
Junior subordinated debentures		6,117
Accrued interest payable		958
Reduction to liabilities		7,075
Cash paid		(617)
Gain on extinguishment of debt		$ 6,272

SUBORDINATED DEBENTURES (Detail

SUBORDINATED DEBENTURES (Details Narrative) - USD ($) $ in Thousands	1 Months Ended
	Jul. 31, 2011	Jul. 30, 2011	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Subordinated Borrowings [Abstract]
Subordinated debentures	$ 12,062			$ 11,021	$ 11,011
Subordinated promissory note interest rate floor	8.00%	8.00%
Subordinated promissory note interest rate ceiling	12.00%	12.00%
Subordinated borrowing terms and conditions	Interest at a rate equal to the current Prime Rate in effect, as published by the Wall Street Journal, plus 3%	Interest at a rate equal to the current Prime Rate in effect, as published by the Wall Street Journal, plus 3%
Subordinated promissory note current Prime Rate margin	3.00%
Subordinated debt cancelled					$ 1,000

SUBORDINATED DEBENTURES (Deta80

SUBORDINATED DEBENTURES (Details) - USD ($) $ in Thousands	Dec. 31, 2016	Apr. 11, 2016	Dec. 31, 2015	Dec. 31, 2014	Jul. 31, 2011
Liabilities
Subordinated debentures			$ 11,021	$ 11,011	$ 12,062
Accrued interest payable	$ 155		$ 5,958	$ 4,583
Subordinated Debt [Member]
Assets
Reduction to assets
Liabilities
Subordinated debentures		11,023
Accrued interest payable		5,274
Reduction to liabilities		16,297
Cash paid		(3,454)
Gain on extinguishment of debt		$ 12,843

LEASE COMMITMENTS (Details Narr

LEASE COMMITMENTS (Details Narrative) $ in Thousands	12 Months Ended
	Dec. 31, 2016USD ($)Number
Leases [Abstract]
Number of consecutive renewal terms for which the lease can be extended | Number	8
Period of each consecutive renewal term for which the lease can be extended	5 years
Lease rental (per month)	$ 1,047
Future minimum lease payments	$ 12,654

SHAREHOLDERS' EQUITY (Details N

SHAREHOLDERS' EQUITY (Details Narrative) - USD ($) $ / shares in Units, $ in Thousands	Aug. 23, 2016	Apr. 11, 2016	Mar. 31, 2014	Dec. 31, 2014	Dec. 30, 2016	Dec. 31, 2016	Dec. 31, 2015	Mar. 06, 2009
Approximate quarterly interest payments on trust preferred securities			$ 161	$ 290
Accrued dividend payments due on Series T Preferred Stock		$ 5,100
Common stock, shares authorized				500,000,000		500,000,000	500,000,000
Preferred Stock [Member]
Fixed Rate Cumulative Perpetual Preferred Stock, Series T, shares issued to U.S. Treasury								12,895
Fixed Rate Cumulative Perpetual Preferred Stock, Series T, Liquidation preference (per share)								$ 1,000
Maximum number of common stock shares purchased under ten-year warrant								91,714
Common stock, initial exercise price								$ 21.09
Aggregate purchase price of Fixed Rate Cumulative Perpetual Preferred Stock, Series T								$ 12,900
Non-Voting Common Stock [Member]
Common stock, shares authorized	150,000,000			150,000,000		150,000,000	150,000,000
Series T Preferred Stock [Member]
Fixed Rate Cumulative Perpetual Preferred Stock, Series T, shares issued to U.S. Treasury								12,895
Fixed Rate Cumulative Perpetual Preferred Stock, Series T, Liquidation preference (per share)								$ 1,000
Dividend Rate for first five years					5.00%
Dividend Rate after first five years					9.00%
Aggregate purchase price of Fixed Rate Cumulative Perpetual Preferred Stock, Series T								$ 12,900
Capital Purchase Program Warrant [Member]
Maximum number of common stock shares purchased under ten-year warrant							91,714
Common stock, initial exercise price							$ 21.09
Series A Preferred Stock [Member]
Common stock converted	905,316

CAPITAL REQUIREMENTS (Details)

CAPITAL REQUIREMENTS (Details) - USD ($) $ in Thousands		Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
The Company [Member]
Total capital (to risk weighted assets)
Actual Amount		$ 41,697	$ (10,642)	$ (10,402)
Actual Ratio (as a percent)		16.80%	(4.15%)	(3.61%)
For Capital Adequacy Purposes Amount		$ 19,861	$ 20,537	$ 23,031
For Capital Adequacy Purposes Ratio (as a percent)		8.00%	8.00%	8.00%
Tier I capital (to risk weighted assets)
Actual Amount		$ 38,586	$ (10,642)	$ (10,402)
Actual Ratio (as a percent)		15.54%	(4.15%)	(3.61%)
For Capital Adequacy Purposes Amount		$ 9,930	$ 10,269	$ 11,516
For Capital Adequacy Purposes Ratio (as a percent)		4.00%	4.00%	4.00%
Tier I capital (to average assets)
Actual Amount		$ 38,586	$ (10,642)	$ (10,402)
Actual Ratio (as a percent)		10.15%	(2.87%)	(2.36%)
For Capital Adequacy Purposes Amount		$ 15,200	$ 14,831	$ 17,614
For Capital Adequacy Purposes Ratio (as a percent)		4.00%	4.00%	4.00%
Common Equity Tier 1 Capital (to Risk-Weighted Assets)
CET1 capital to risk-weighted assets, Actual Amount		$ 35,586	$ (10,642)
CET1 capital to risk-weighted assets, Actual Percent		15.54%	(4.15%)
CET1 capital to risk-weighted assets, Required to be Categorized Adequately Capitalized, Amount		$ 9,930	$ 10,269
CET1 capital to risk-weighted assets, Required to be Categorized Adequately Capitalized, Percent		4.50%	4.50%
The Bank [Member]
Total capital (to risk weighted assets)
Actual Amount		$ 40,833	$ 15,402	$ 14,533
Actual Ratio (as a percent)		16.44%	5.92%	5.05%
For Capital Adequacy Purposes Amount		$ 19,865	$ 20,802	$ 23,008
For Capital Adequacy Purposes Ratio (as a percent)		8.00%	8.00%	8.00%
Minimum To Be Well-Capitalized Under Prompt Corrective Action Provisions Amount		$ 24,832	$ 26,002	$ 28,760
Minimum To Be Well-Capitalized Under Prompt Corrective Action Provisions Ratio (as a percent)		10.00%	10.00%	10.00%
Tier I capital (to risk weighted assets)
Actual Amount		$ 37,721	$ 12,135	$ 10,911
Actual Ratio (as a percent)		15.19%	4.67%	3.79%
For Capital Adequacy Purposes Amount		$ 14,899	$ 15,601	$ 11,504
For Capital Adequacy Purposes Ratio (as a percent)		6.00%	6.00%	4.00%
Minimum To Be Well-Capitalized Under Prompt Corrective Action Provisions Amount	[1]
Minimum To Be Well-Capitalized Under Prompt Corrective Action Provisions Ratio (as a percent)	[1]
Tier I capital (to average assets)
Actual Amount		$ 37,721	$ 12,135	$ 10,911
Actual Ratio (as a percent)		9.95%	3.28%	2.53%
For Capital Adequacy Purposes Amount		$ 15,162	$ 14,819	$ 17,255
For Capital Adequacy Purposes Ratio (as a percent)		4.00%	4.00%	4.00%
Minimum To Be Well-Capitalized Under Prompt Corrective Action Provisions Amount		$ 30,324	$ 29,639	$ 34,510
Minimum To Be Well-Capitalized Under Prompt Corrective Action Provisions Ratio (as a percent)		8.00%	8.00%	8.00%
Common Equity Tier 1 Capital (to Risk-Weighted Assets)
CET1 capital to risk-weighted assets, Actual Amount		$ 37,721	$ 12,135
CET1 capital to risk-weighted assets, Actual Percent		15.19%	4.67%
CET1 capital to risk-weighted assets, Required to be Categorized Adequately Capitalized, Amount		$ 11,174	$ 11,701
CET1 capital to risk-weighted assets, Required to be Categorized Adequately Capitalized, Percent		4.50%	4.50%
The Bank [Member]
Common Equity Tier 1 Capital (to Risk-Weighted Assets)
CET1 capital to risk-weighted assets, Actual Amount		$ 37,721	$ 12,135
CET1 capital to risk-weighted assets, Actual Percent		15.19%	4.67%
CET1 capital to risk-weighted assets, Required to be Categorized Adequately Capitalized, Amount		$ 14,899	$ 15,601
CET1 capital to risk-weighted assets, Required to be Categorized Adequately Capitalized, Percent		4.50%	4.50%
CET1 Minimum To Be Well-Capitalized Under Prompt Corrective Action Provisions Amount	[1]
CET1 Minimum To Be Well-Capitalized Under Prompt Corrective Action Provisions Ratio (as a percent)	[1]
[1]	Minimum capital amounts and ratios presented are amounts to be well-capitalized under the various regulatory capital requirements administered by the FDIC. On February 10, 2011, the Bank became subject to a regulatory Consent Order with the FDIC and the State Board. Minimum capital amounts and ratios presented for the Bank as of December 31, 2015, and 2014, are the minimum levels set forth in the Consent Order. No minimum Tier 1 capital to risk-weighted assets ratio was specified in the Consent Order. Although the Bank was not subject to the Consent Order at December 31, 2016, the Bank must continue to maintain Tier 1 capital at least equal to 8% and total risk-based capital at least equal to 10%.

RETIREMENT AND BENEFITS (Detail

RETIREMENT AND BENEFITS (Details Narrative) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Maximum Annual Contribution Per Employee, Percent	15.00%
Maximum percent match to employees (in percent)	2.00%
Contributions to employe plans	$ 68
Directors Deferred Compensation Plan [Member]
Deferred Directors Fees	$ 12	$ 25	$ 37

INCOME (LOSS) PER SHARE (Detail

INCOME (LOSS) PER SHARE (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended				12 Months Ended
	Dec. 31, 2016	Sep. 30, 2016	Jun. 30, 2016	Mar. 31, 2016	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Basic income (loss) per common share:
Net income (loss) available to common shareholders	$ 1,400	$ (1,784)	$ 23,691	$ (3,681)	$ 20,024	$ (1,758)	$ (1,403)
Weighted average common shares outstanding - basic					301,460,946	3,823,244	3,770,355
Basic income (loss) per common share	$ 0	$ 0	$ .07	$ (0.96)	$ 0.07	$ (0.46)	$ (0.37)
Diluted income (loss) per common share:
Net income (loss) available to common shareholders	$ 1,400	$ (1,784)	$ 23,691	$ (3,681)	$ 20,024	$ (1,758)	$ (1,403)
Weighted average common shares outstanding - basic					301,460,946	3,823,244	3,770,355
Incremental shares					$ 5,791,304
Average common shares outstanding - diluted					307,252,250	3,823,244	3,770,355
Diluted income (loss) per common share	$ 0	$ 0	$ 0.07	$ (0.96)	$ 0.07	$ (0.46)	$ (0.37)
Antidilutive stock options excluded from computation of earnings per share (in shares)						91,714	91,714

STOCK COMPENSATION PLAN (Detail

STOCK COMPENSATION PLAN (Details) - Restricted Stock [Member] - 2016 Equity Incentive Plan [Member] - USD ($) $ / shares in Units, $ in Thousands	Aug. 18, 2016	Dec. 31, 2016
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number of Shares [Roll Forward]
Balance at beginning
Granted	27,750,000	27,750,000
Vested
Balance at end		27,750,000
Weighted average grant date value per share		$ 0.10
Unrecognized compensation expense		$ 2,600
Period over which unrecognized compensation expense will be recognized (years)		4 years 8 months 12 days

STOCK COMPENSATION PLAN (Deta87

STOCK COMPENSATION PLAN (Details Narrative) - 2016 Equity Incentive Plan [Member] - shares	Aug. 18, 2016	Jul. 28, 2016	Dec. 31, 2016
Number of shares authorized		30,000,000
Description of vesting		10% shareholders who receive incentive stock options, the exercise price may not be less than 110% of the fair market value of the common stock on the date of grant.
Maximum [Member]
Expiration period		10 years
Restricted Stock [Member]
Number of shares granted	27,750,000		27,750,000
Vesting period	5 years

OTHER EXPENSES (Details)

OTHER EXPENSES (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Other Expenses Details
Stationery, printing, and postage	$ 285	$ 297	$ 287
Dues and subscriptions	98	69	59
Telephone	174	186	202
Director and officer insurance	180	196	212
Appraisal fee expense	89	84	123
Accountant fees	288	267	277
Legal fees	936	853	697
Marketing	50	60	16
Consulting fees	574	330	184
Impairment of assets held for sale	248
BOLI mortality costs	116	112	107
Other	1,033	633	751
Total	$ 4,071	$ 3,087	$ 2,915

INCOME TAXES (Details)

INCOME TAXES (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Currently payable:
Federal	$ 147
State	463	27	78
Total current	610	27	78
Deferred income taxes
Income tax benefit	$ 610	$ 27	$ 78

INCOME TAXES (Details 2)

INCOME TAXES (Details 2) - USD ($) $ in Thousands	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Deferred tax assets:
Allowance for loan losses	$ 1,275	$ 1,564	$ 1,968
Net unrealized losses on securities available-for-sale	1,206	595	313
Net capitalized loan costs	76	24	23
Net operating loss	17,443	20,253	19,572
Deferred compensation	4	8	13
Nonaccruing interest	12	332	232
Tax credits	393	241	259
Other real estate owned	1,058	265	655
Loss on equity securities		1	1
Restricted stock	63
Other	20	12	8
Total deferred tax assets	21,550	23,295	23,044
Valuation Allowance	(20,852)	(22,474)	(21,971)
Total net deferred tax assets	698	821	1,073
Deferred tax liabilities:
Accumulated depreciation	(667)	(817)	(965)
Gain on sale of real estate
Prepaid expenses	(31)	(4)	(108)
Total deferred tax liabilities	(698)	(821)	(1,073)
Net deferred tax asset

INCOME TAXES (Details 3)

INCOME TAXES (Details 3) - USD ($) $ in Thousands	3 Months Ended				12 Months Ended
	Dec. 31, 2016	Sep. 30, 2016	Jun. 30, 2016	Mar. 31, 2016	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Currently payable:
Tax benefit at statutory rate					$ 2,331	$ (74)	$ (73)
State income tax, net of federal income tax benefit					617	18	52
Tax-exempt interest income							(5)
Bank owned life insurance					(110)	(108)	(113)
Life insurance proceeds							(315)
Valuation allowance					(2,233)	220	542
Other					5	(29)	(10)
Income tax expense (benefit)	$ (310)		$ 920		$ 610	$ 27	$ 78

INCOME TAXES (Details Narrative

INCOME TAXES (Details Narrative) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2016	Jun. 30, 2016
Income Taxes Details Narrative
Federal Net Operating Loss Carryforwards	$ 51,300
South Carolina Net Operating Loss Carryforwards
Federal statutory rate (as a percent)	34.00%
Allownace not recorded on deferred tax assets related to unrealized losses on available for sale securities		$ 59

UNUSED LINES OF CREDIT (Details

UNUSED LINES OF CREDIT (Details Narrative) $ in Thousands	Dec. 31, 2016USD ($)
Unused Lines Of Credit Details Narrative
Book value of Investment Securities	$ 66,000
Market value of Investment Securities not pledged	64,000
Average Balance on deposit at the correspondent bank	$ 300

FAIR VALUE (Details)

FAIR VALUE (Details) - USD ($) $ in Thousands		Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Financial Assets:
Securities available-for-sale		$ 106,529	$ 89,701	$ 106,674
Commitments To Extend Credit [Member]
Off-Balance Sheet Financial Instruments:
Notional Amount		33,155	21,318	27,017
Standby Letters Of Credit [Member]
Off-Balance Sheet Financial Instruments:
Notional Amount		444	257	247
Fair Value Inputs Level1 [Member]
Financial Assets:
Cash and cash equivalents		25,429	22,137	28,527
Securities available-for-sale
Nonmarketable equity securities
Loans, net
Financial Liabilities:
Demand deposit, interest-bearing transaction, and savings accounts		167,038	156,860	170,538
Certificates of deposit
Repurchase agreements
Advances from the Federal Home Loan Bank
Subordinated debentures
Junior subordinated debentures
Fair Value Inputs Level2 [Member]
Financial Assets:
Cash and cash equivalents
Securities available-for-sale		106,529	89,701	106,674
Nonmarketable equity securities
Loans, net
Financial Liabilities:
Demand deposit, interest-bearing transaction, and savings accounts
Certificates of deposit		145,779	174,964	222,789
Repurchase agreements		1,983	1,716	1,612
Advances from the Federal Home Loan Bank		24,307	17,108	17,136
Subordinated debentures
Junior subordinated debentures
Fair Value Inputs Level3 [Member]
Financial Assets:
Cash and cash equivalents
Securities available-for-sale
Nonmarketable equity securities		1,345	1,330	1,342
Loans, net		211,278	204,975	230,038
Financial Liabilities:
Demand deposit, interest-bearing transaction, and savings accounts
Certificates of deposit
Repurchase agreements
Advances from the Federal Home Loan Bank
Subordinated debentures
Junior subordinated debentures
Carrying Reported Amount Fair Value Disclosure [Member]
Financial Assets:
Cash and cash equivalents		25,429	22,137	28,527
Securities available-for-sale		106,529	89,701	106,674
Nonmarketable equity securities		1,345	1,330	1,342
Loans, net		211,362	204,766	229,756
Financial Liabilities:
Demand deposit, interest-bearing transaction, and savings accounts		167,038	156,860	170,538
Certificates of deposit		146,231	173,971	220,799
Repurchase agreements		1,983	1,716	1,612
Advances from the Federal Home Loan Bank		24,000	17,000	17,000
Subordinated debentures			11,062	11,062
Junior subordinated debentures			6,186	6,186
Estimate Of Fair Value Fair Value Disclosure [Member]
Financial Assets:
Cash and cash equivalents		25,429	22,137	28,527
Securities available-for-sale		106,529	89,701	106,674
Nonmarketable equity securities		1,345	1,330	1,342
Loans, net		211,278	204,975	230,038
Financial Liabilities:
Demand deposit, interest-bearing transaction, and savings accounts		167,038	156,860	170,538
Certificates of deposit		145,779	174,964	222,789
Repurchase agreements		1,983	1,716	1,612
Advances from the Federal Home Loan Bank		$ 24,307	17,108	17,136
Subordinated debentures	[1]
Junior subordinated debentures	[1]
[1]	The Company is unable to determine this value.

FAIR VALUE (Details 2)

FAIR VALUE (Details 2) - Fair Value Measurements Recurring [Member] - USD ($) $ in Thousands	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Assets and liabilities fair value disclosure	$ 106,529	$ 89,701	$ 106,674
Fair Value Inputs Level1 [Member]
Assets and liabilities fair value disclosure
Fair Value Inputs Level2 [Member]
Assets and liabilities fair value disclosure	106,529	89,701	106,674
Fair Value Inputs Level3 [Member]
Assets and liabilities fair value disclosure
Government Sponsored Enterprises Debt Securities [Member]
Assets and liabilities fair value disclosure	8,409	36,032	40,082
Government Sponsored Enterprises Debt Securities [Member] | Fair Value Inputs Level1 [Member]
Assets and liabilities fair value disclosure
Government Sponsored Enterprises Debt Securities [Member] | Fair Value Inputs Level2 [Member]
Assets and liabilities fair value disclosure	8,409	36,032	40,082
Government Sponsored Enterprises Debt Securities [Member] | Fair Value Inputs Level3 [Member]
Assets and liabilities fair value disclosure
Mortgage Backed Securities [Member]
Assets and liabilities fair value disclosure	83,998	52,445	65,348
Mortgage Backed Securities [Member] | Fair Value Inputs Level1 [Member]
Assets and liabilities fair value disclosure
Mortgage Backed Securities [Member] | Fair Value Inputs Level2 [Member]
Assets and liabilities fair value disclosure	83,998	52,445	65,348
Mortgage Backed Securities [Member] | Fair Value Inputs Level3 [Member]
Assets and liabilities fair value disclosure
Obligations of state and local governments [Member]
Assets and liabilities fair value disclosure	14,122	1,224	1,244
Obligations of state and local governments [Member] | Fair Value Inputs Level1 [Member]
Assets and liabilities fair value disclosure
Obligations of state and local governments [Member] | Fair Value Inputs Level2 [Member]
Assets and liabilities fair value disclosure	14,122	1,224	1,244
Obligations of state and local governments [Member] | Fair Value Inputs Level3 [Member]
Assets and liabilities fair value disclosure

FAIR VALUE (Details 3)

FAIR VALUE (Details 3) - Fair Value Measurements Nonrecurring [Member] - USD ($) $ in Thousands	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Fair value of assets	$ 23,865	$ 46,382	$ 58,977
Fair Value Inputs Level3 [Member]
Fair value of assets	23,865	46,382	58,977
Impaired Loans [Member]
Fair value of assets	20,978	32,758	39,476
Impaired Loans [Member] | Fair Value Inputs Level3 [Member]
Fair value of assets	20,978	32,758	39,476
Other Real Estate Owned [Member]
Fair value of assets	2,887	13,624	19,501
Other Real Estate Owned [Member] | Fair Value Inputs Level3 [Member]
Fair value of assets	$ 2,887	$ 13,624	$ 19,501

FAIR VALUE (Details 4)

FAIR VALUE (Details 4) - Fair Value Inputs Level3 [Member] - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Impaired Loans [Member] | Commercial Loan [Member]
Quantitative Information For Financial Instruments Measured At Fair Value On A Non-Recurring Basis [Line Items]
Fair value on a non-recurring basis	$ 1,642	$ 2,590	$ 3,493
Valuation Techniques	Appraised Value/ Discounted Cash Flows	Appraised Value/ Discounted Cash Flows	Appraised Value/ Discounted Cash Flows
Unobservable Inputs	Appraisals and/or sales of comparable properties/ Independent quotes	Appraisals and/or sales of comparable properties/ Independent quotes	Appraisals and/or sales of comparable properties/ Independent quotes
Range (Weighted Avg)	4.00%	8.77%	25.71%
Impaired Loans [Member] | Commercial Loan [Member] | Minimum [Member]
Quantitative Information For Financial Instruments Measured At Fair Value On A Non-Recurring Basis [Line Items]
Range	0.00%	0.00%	0.00%
Impaired Loans [Member] | Commercial Loan [Member] | Maximum [Member]
Quantitative Information For Financial Instruments Measured At Fair Value On A Non-Recurring Basis [Line Items]
Range	23.50%	10.00%	68.05%
Impaired Loans [Member] | Commercial Real Estate [Member]
Quantitative Information For Financial Instruments Measured At Fair Value On A Non-Recurring Basis [Line Items]
Fair value on a non-recurring basis	$ 12,325	$ 21,186	$ 24,138
Valuation Techniques	Appraised Value/ Discounted Cash Flows	Appraised Value/ Discounted Cash Flows	Appraised Value/ Discounted Cash Flows
Unobservable Inputs	Appraisals and/or sales of comparable properties/ Independent quotes	Appraisals and/or sales of comparable properties/ Independent quotes	Appraisals and/or sales of comparable properties/ Independent quotes
Range (Weighted Avg)	6.72%	10.23%	10.80%
Impaired Loans [Member] | Commercial Real Estate [Member] | Minimum [Member]
Quantitative Information For Financial Instruments Measured At Fair Value On A Non-Recurring Basis [Line Items]
Range	0.00%	0.00%	0.00%
Impaired Loans [Member] | Commercial Real Estate [Member] | Maximum [Member]
Quantitative Information For Financial Instruments Measured At Fair Value On A Non-Recurring Basis [Line Items]
Range	10.00%	32.33%	10.00%
Impaired Loans [Member] | Residential Portfolio Segment [Member]
Quantitative Information For Financial Instruments Measured At Fair Value On A Non-Recurring Basis [Line Items]
Fair value on a non-recurring basis	$ 6,934	$ 8,858	$ 11,681
Valuation Techniques	Appraised Value/ Discounted Cash Flows	Appraised Value/ Discounted Cash Flows	Appraised Value/ Discounted Cash Flows
Unobservable Inputs	Appraisals and/or sales of comparable properties/ Independent quotes	Appraisals and/or sales of comparable properties/ Independent quotes	Appraisals and/or sales of comparable properties/ Independent quotes
Range (Weighted Avg)	8.05%	9.90%	7.31%
Impaired Loans [Member] | Residential Portfolio Segment [Member] | Minimum [Member]
Quantitative Information For Financial Instruments Measured At Fair Value On A Non-Recurring Basis [Line Items]
Range	0.00%	0.00%	0.00%
Impaired Loans [Member] | Residential Portfolio Segment [Member] | Maximum [Member]
Quantitative Information For Financial Instruments Measured At Fair Value On A Non-Recurring Basis [Line Items]
Range	10.00%	10.00%	47.31%
Impaired Loans [Member] | Consumer Loan [Member]
Quantitative Information For Financial Instruments Measured At Fair Value On A Non-Recurring Basis [Line Items]
Fair value on a non-recurring basis	$ 77	$ 124	$ 164
Valuation Techniques	Appraised Value/ Discounted Cash Flows	Appraised Value/ Discounted Cash Flows	Appraised Value/ Discounted Cash Flows
Unobservable Inputs	Appraisals and/or sales of comparable properties/ Independent quotes	Appraisals and/or sales of comparable properties/ Independent quotes	Appraisals and/or sales of comparable properties/ Independent quotes
Range (Weighted Avg)	1.25%	10.00%	10.00%
Impaired Loans [Member] | Consumer Loan [Member] | Minimum [Member]
Quantitative Information For Financial Instruments Measured At Fair Value On A Non-Recurring Basis [Line Items]
Range	0.00%	0.00%	0.00%
Impaired Loans [Member] | Consumer Loan [Member] | Maximum [Member]
Quantitative Information For Financial Instruments Measured At Fair Value On A Non-Recurring Basis [Line Items]
Range	10.00%	10.00%	10.00%
Other Real Estate Owned [Member]
Quantitative Information For Financial Instruments Measured At Fair Value On A Non-Recurring Basis [Line Items]
Valuation Techniques	Appraised Value/ Discounted Cash Flows	Appraised Value/ Discounted Cash Flows	Appraised Value/ Discounted Cash Flows
Unobservable Inputs	Appraisals and/or sales of comparable properties/ Independent quotes	Appraisals and/or sales of comparable properties/ Independent quotes	Appraisals and/or sales of comparable properties/ Independent quotes
Range (Weighted Avg)	10.00%	10.00%	10.00%
Fair value on a non-recurring basis	$ 2,887	$ 13,624	$ 19,501
Other Real Estate Owned [Member] | Minimum [Member]
Quantitative Information For Financial Instruments Measured At Fair Value On A Non-Recurring Basis [Line Items]
Range	0.00%	0.00%	0.00%
Other Real Estate Owned [Member] | Maximum [Member]
Quantitative Information For Financial Instruments Measured At Fair Value On A Non-Recurring Basis [Line Items]
Range	10.00%	10.00%	10.00%

HCSB FINANCIAL CORPORATION (P98

HCSB FINANCIAL CORPORATION (PARENT COMPANY ONLY) (Details) - USD ($) $ in Thousands	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013	Jul. 31, 2011
Assets:
Other assets	$ 1,122	$ 884	$ 2,380
Total assets	375,934	361,423	421,447
Liabilities and Shareholders' Equity
Subordinated debentures		11,021	11,011		$ 12,062
Junior subordinated debentures		6,117	6,113
Other liabilities	1,200	1,030	1,038
Total liabilities	340,607	373,673	432,694
Total shareholders' deficit	35,327	(12,250)	(11,247)	$ (16,442)
Total liabilities and shareholders' deficit	375,934	361,423	421,447
The Company [Member]
Assets:
Cash	806	5	26
Investment in banking subsidiary	34,461	10,527	10,066
Investment in trust		186	186
Other assets	70	1
Total assets	35,337	10,719	10,278
Liabilities and Shareholders' Equity
Interest payable-subordinated debentures		4,925	3,685
Interest payable-junior subordinated debentures		901	714
Subordinated debentures		11,021	11,011
Junior subordinated debentures		6,117	6,113
Other liabilities	10	5	2
Total liabilities	10	22,969	21,525
Total shareholders' deficit	35,327	(12,250)	(11,247)
Total liabilities and shareholders' deficit	$ 35,337	$ 10,719	$ 10,278

HCSB FINANCIAL CORPORATION (P99

HCSB FINANCIAL CORPORATION (PARENT COMPANY ONLY) (Details 2) - USD ($) $ in Thousands	3 Months Ended				12 Months Ended
	Dec. 31, 2016	Sep. 30, 2016	Jun. 30, 2016	Mar. 31, 2016	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Income
Gain from early extinguishment of debt					$ 19,115
Expenses
Total Expense	$ 2,886	$ 4,622	$ 7,505	$ 4,218	19,231	12,626	13,749
Gain (loss) before income taxes, and equity in undistributed gains of banking subsidiary	1,090	(1,784)	10,833	(3,283)	6,856	(219)	(213)
Income tax expense	(310)		920		610	27	78
Net income (loss)	1,400	(1,784)	9,913	(3,283)	6,246	(246)	(291)
Preferred dividends and accretion of preferred stock				398		(1,512)	(1,112)
Gain on redemption of preferred shares			13,778		13,778
Net income (loss) available to common shareholders	$ 1,400	$ (1,784)	$ 23,691	$ (3,681)	20,024	(1,758)	(1,403)
The Company [Member]
Income
Gain from early extinguishment of debt					19,115
Interest income on deposits in bank					4
Net Income					19,119
Expenses
Interest expense on subordinated debentures					322	1,240	1,132
Interest expense on junior subordinated debentures						186	178
Other expenses					113	44	104
Total Expense					435	1,470	1,414
Gain (loss) before income taxes, and equity in undistributed gains of banking subsidiary					18,684	(1,470)	(1,414)
Income tax expense					4,536
Equity in undistributed gains (losses) of banking subsidiary					(7,902)	1,224	1,123
Net income (loss)					6,246	(246)	(291)
Preferred dividends and accretion of preferred stock						(1,512)	(1,112)
Gain on redemption of preferred shares					13,778
Net income (loss) available to common shareholders					$ 20,204	$ (1,758)	$ (1,403)

HCSB FINANCIAL CORPORATION (100

HCSB FINANCIAL CORPORATION (PARENT COMPANY ONLY) (Details 3) - USD ($) $ in Thousands	3 Months Ended				12 Months Ended
	Dec. 31, 2016	Sep. 30, 2016	Jun. 30, 2016	Mar. 31, 2016	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Cash flows from operating activities:
Net income (loss)	$ 1,400	$ (1,784)	$ 9,913	$ (3,283)	$ 6,246	$ (246)	$ (291)
Adjustments to reconcile net loss to net cash provided by operating activities:
Gain from early extinguishment of debt					(19,115)
Stock compensation expense					185
Amortization of debt issuance costs					2
(Increase) decrease in other assets					646	(1,491)	(1,708)
Increase in accrued interest payable					429	1,383	1,278
Net cash provided by operating activities					(1,868)	2,400	5,115
Cash flows from investing activities:
Net cash used by investing activities					(23,271)	17,370	14,705
Cash flows from financing activities:
Redemption of subordinated debentures					(3,454)
Redemption of junior subordinated debentures					(617)
Redemption of Series T preferred stock and CPP Warrant					(129)
Issuance of Series A preferred stock					9,053
Issuance of common stock					37,364	6	58
Stock issuance costs					(3,491)
Net cash provided by financing activities					28,431	(26,160)	(19,374)
Net increase in cash and cash equivalents					3,292	(6,390)	446
Cash and cash equivalents, beginning of year				22,137	22,137	28,527	28,081
Cash and cash equivalents, end of year	25,429				25,429	22,137	28,527
The Company [Member]
Cash flows from operating activities:
Net income (loss)					6,246	(246)	(291)
Adjustments to reconcile net loss to net cash provided by operating activities:
Gain from early extinguishment of debt					(19,115)
Stock compensation expense					185
Amortization of debt issuance costs					2
Equity in undistributed (gains) losses of banking subsidiary					7,902	(1,224)	(1,123)
(Increase) decrease in other assets					(69)	12	13
Increase in accrued interest payable					411	1,431	1,310
Net cash provided by operating activities					(4,438)	(27)	(91)
Cash flows from investing activities:
Net investment in bank subsidiary					(33,487)
Net cash used by investing activities					(33,487)
Cash flows from financing activities:
Redemption of subordinated debentures					(3,454)
Redemption of junior subordinated debentures					(617)
Redemption of Series T preferred stock and CPP Warrant					(129)
Issuance of Series A preferred stock					9,053
Issuance of common stock					37,364	6	58
Stock issuance costs					(3,491)
Net cash provided by financing activities					38,726	6	58
Net increase in cash and cash equivalents					801	(21)	(33)
Cash and cash equivalents, beginning of year				$ 5	5	26	59
Cash and cash equivalents, end of year	$ 806				$ 806	$ 5	$ 26

QUARTERLY RESULTS OF OPERATI101

QUARTERLY RESULTS OF OPERATIONS (UNAUDITED) (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended				12 Months Ended
	Dec. 31, 2016	Sep. 30, 2016	Jun. 30, 2016	Mar. 31, 2016	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Quarterly Results Of Operations Details
Interest income	$ 3,153	$ 3,172	$ 3,054	$ 2,989	$ 12,368	$ 13,726	$ 16,095
Interest expense	649	668	609	1,046	2,972	4,454	5,054
Net interest income	2,504	2,504	2,445	1,943	9,396	9,272	11,041
Provision for loan losses	(1,061)		3,560	1,424	3,923		1,061
Net interest income after provision for loan losses	3,565	2,504	(1,115)	519	5,473	9,272	9,980
Noninterest income	411	334	19,453	416	20,614	3,135	3,556
Noninterest expense	2,886	4,622	7,505	4,218	19,231	12,626	13,749
Net income (loss) before income taxes	1,090	(1,784)	10,833	(3,283)	6,856	(219)	(213)
Income tax expense	(310)		920		610	27	78
Net income (loss)	1,400	(1,784)	9,913	(3,283)	6,246	(246)	(291)
Preferred dividends and accretion of preferred stock				398		(1,512)	(1,112)
Gain on redemption of preferred shares			13,778		13,778
Net income (loss) available to common shareholders	$ 1,400	$ (1,784)	$ 23,691	$ (3,681)	$ 20,024	$ (1,758)	$ (1,403)
Net income (loss) per common share, basic	$ 0	$ 0	$ .07	$ (0.96)	$ 0.07	$ (0.46)	$ (0.37)
Net income (loss) per common share, diluted	$ 0	$ 0	$ 0.07	$ (0.96)	$ 0.07	$ (0.46)	$ (0.37)