New Peoples Bankshares (NWPP) 10-Q 14 Nov 19 2019 Q3 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	9 Months Ended
	Sep. 30, 2019	Nov. 12, 2019
Cover [Abstract]
Entity Registrant Name	NEW PEOPLES BANKSHARES INC
Entity Central Index Key	0001163389
Document Type	10-Q
Document Period End Date	Sep. 30, 2019
Amendment Flag	false
Current Fiscal Year End Date	--12-31
Entity Reporting Status Current	Yes
Entity Interactive Data Current	Yes
Entity Incorporation, State or Country Code	VA
Entity File Number	000-33411
Entity Filer Category	Non-accelerated Filer
Entity Emerging Growth Company	false
Entity Small Business	true
Entity Shell Company	false
Entity Ex Transition Period	false
Entity Common Stock, Shares Outstanding		23,922,086
Document Fiscal Period Focus	Q3
Document Fiscal Year Focus	2019

CONSOLIDATED STATEMENTS OF INCO

CONSOLIDATED STATEMENTS OF INCOME (UNAUDITED) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
INTEREST AND DIVIDEND INCOME
Loans including fees	$ 7,290	$ 6,658	$ 21,361	$ 19,578
Federal funds sold	1	1	5	2
Interest-earning deposits with banks	170	121	643	281
Investments	334	373	1,066	1,178
Dividends on equity securities (restricted)	38	38	118	111
Total Interest and Dividend Income	7,833	7,191	23,193	21,150
INTEREST EXPENSE
Deposits	1,275	901	3,795	2,366
Borrowed funds	211	263	675	700
Total Interest Expense	1,486	1,164	4,470	3,066
NET INTEREST INCOME	6,347	6,027	18,723	18,084
PROVISION FOR LOAN LOSSES	1,020	63	1,290	189
NET INTEREST INCOME AFTER PROVISION FOR LOAN LOSSES	5,327	5,964	17,433	17,895
NONINTEREST INCOME
Service charges and fees	947	942	2,660	2,728
Card processing and interchange	800	720	2,276	2,109
Insurance and investment fees	158	129	481	382
Other noninterest income	950	126	1,184	319
Total Noninterest Income	2,855	1,917	6,601	5,538
NONINTEREST EXPENSES
Salaries and employee benefits	3,544	3,614	11,020	10,928
Occupancy and equipment expense	1,128	1,249	3,407	3,840
Data processing and telecommunications	615	717	1,913	2,057
Other operating expenses	1,792	1,999	5,650	6,288
Total Noninterest Expenses	7,079	7,579	21,990	23,113
INCOME BEFORE INCOME TAXES	1,103	302	2,044	320
INCOME TAX EXPENSE	227	94	417	81
NET INCOME	$ 876	$ 208	$ 1,627	$ 239
Income Per Share
Basic (in dollars per share)	$ 0.04	$ 0.01	$ 0.07	$ 0.01
Fully Diluted (in dollars per share)	$ 0.04	$ 0.01	$ 0.07	$ 0.01
Average Weighted Shares of Common Stock
Basic (in shares)	23,922,086	23,922,086	23,922,086	23,922,086
Diluted (in shares)	23,922,086	23,922,086	23,922,086	23,922,086

CONSOLIDATED STATEMENTS OF COMP

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) (UNAUDITED) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Statement of Comprehensive Income [Abstract]
NET INCOME	$ 876	$ 208	$ 1,627	$ 239
Investment Securities Activity
Unrealized gains (losses) arising during the period	191	(407)	1,682	(1,655)
Related deferred tax (expense) benefit	(40)	86	(353)	349
TOTAL OTHER COMPREHENSIVE INCOME (LOSS)	151	(321)	1,329	(1,306)
TOTAL COMPREHENSIVE INCOME (LOSS)	$ 1,027	$ (113)	$ 2,956	$ (1,067)

CONSOLIDATED BALANCE SHEETS (UN

CONSOLIDATED BALANCE SHEETS (UNAUDITED) - USD ($) $ in Thousands	Sep. 30, 2019	Dec. 31, 2018
ASSETS
Cash and due from banks	$ 16,106	$ 12,245
Interest-bearing deposits with banks	32,339	15,664
Federal funds sold	240	264
Total Cash and Cash Equivalents	48,685	28,173
Investment securities available-for-sale	53,478	59,407
Loans held for sale	571
Loans receivable	558,174	547,096
Allowance for loan losses	(5,150)	(5,336)
Net loans	553,024	541,760
Bank premises and equipment, net	23,363	24,195
Other real estate owned	4,339	5,937
Accrued interest receivable	2,177	1,934
Deferred taxes, net	4,705	5,476
Right-of-use assets - operating leases	5,933	4,942
Other assets	10,664	10,318
Total Assets	706,939	682,142
Deposits:
Noninterest bearing	175,971	164,298
Interest-bearing	445,632	431,694
Total Deposits	621,603	595,992
Borrowed funds	21,496	27,126
Lease liabilities - operating leases	5,933	4,942
Accrued interest payable	687	587
Accrued expenses and other liabilities	3,014	2,245
Total Liabilities	652,733	630,892
Commitments and contingencies
STOCKHOLDERS' EQUITY
Common stock - $2.00 par value; 50,000,000 shares authorized; 23,922,086 shares issued and outstanding at September 30, 2019 and December 31, 2018	47,844	47,844
Additional paid-in-capital	14,570	14,570
Retained deficit	(8,301)	(9,928)
Accumulated other comprehensive loss	93	(1,236)
Total Stockholders' Equity	54,206	51,250
Total Liabilities and Stockholders' Equity	$ 706,939	$ 682,142

CONSOLIDATED BALANCE SHEETS (_2

CONSOLIDATED BALANCE SHEETS (UNAUDITED) (Parenthetical) - $ / shares	Sep. 30, 2019	Dec. 31, 2018
Statement of Financial Position [Abstract]
Common stock, par value (in dollars per share)	$ 2	$ 2
Common stock, authorized	50,000,000	50,000,000
Common stock, issued	23,922,086	23,922,086
Common stock, outstanding	23,922,086	23,922,086

CONSOLIDATED STATEMENTS OF CHAN

CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS' EQUITY (UNAUDITED) - USD ($) $ in Thousands	Common Stock [Member]	Additional Paid-in-Capital [Member]	Retained Deficit [Member]	Accumulated Other Comprehensive Income (Loss) [Member]	Total
Balance at beginning at Dec. 31, 2017	$ 47,844	$ 14,570	$ (10,847)	$ (594)	$ 50,973
Balance at beginning (in shares) at Dec. 31, 2017	23,922
Increase Decrease In Stockholder's Equity [Roll Forward]
Net income (loss)			80		80
Other comprehensive income (loss), net of tax				(821)	(821)
Balance at ending at Mar. 31, 2018	$ 47,844	14,570	(10,767)	(1,415)	50,232
Balance at ending (in shares) at Mar. 31, 2018	23,922
Balance at beginning at Dec. 31, 2017	$ 47,844	14,570	(10,847)	(594)	50,973
Balance at beginning (in shares) at Dec. 31, 2017	23,922
Increase Decrease In Stockholder's Equity [Roll Forward]
Net income (loss)					239
Other comprehensive income (loss), net of tax					(1,306)
Balance at ending at Sep. 30, 2018	$ 47,844	14,570	(10,608)	(1,900)	49,906
Balance at ending (in shares) at Sep. 30, 2018	23,922
Balance at beginning at Mar. 31, 2018	$ 47,844	14,570	(10,767)	(1,415)	50,232
Balance at beginning (in shares) at Mar. 31, 2018	23,922
Increase Decrease In Stockholder's Equity [Roll Forward]
Net income (loss)			(49)		(49)
Other comprehensive income (loss), net of tax				(164)	(164)
Balance at ending at Jun. 30, 2018	$ 47,844	14,570	(10,816)	(1,579)	50,019
Balance at ending (in shares) at Jun. 30, 2018	23,922
Increase Decrease In Stockholder's Equity [Roll Forward]
Net income (loss)			208		208
Other comprehensive income (loss), net of tax				(321)	(321)
Balance at ending at Sep. 30, 2018	$ 47,844	14,570	(10,608)	(1,900)	49,906
Balance at ending (in shares) at Sep. 30, 2018	23,922
Balance at beginning at Dec. 31, 2018	$ 47,844	14,570	(9,928)	(1,236)	$ 51,250
Balance at beginning (in shares) at Dec. 31, 2018	23,922				23,922,086
Increase Decrease In Stockholder's Equity [Roll Forward]
Net income (loss)			406		$ 406
Other comprehensive income (loss), net of tax				370	370
Balance at ending at Mar. 31, 2019	$ 47,844	14,570	(9,522)	(866)	52,026
Balance at ending (in shares) at Mar. 31, 2019	23,922
Balance at beginning at Dec. 31, 2018	$ 47,844	14,570	(9,928)	(1,236)	$ 51,250
Balance at beginning (in shares) at Dec. 31, 2018	23,922				23,922,086
Increase Decrease In Stockholder's Equity [Roll Forward]
Net income (loss)					$ 1,627
Other comprehensive income (loss), net of tax					1,329
Balance at ending at Sep. 30, 2019	$ 47,844	14,570	(8,301)	93	$ 54,206
Balance at ending (in shares) at Sep. 30, 2019	23,922				23,922,086
Balance at beginning at Mar. 31, 2019	$ 47,844	14,570	(9,522)	(866)	$ 52,026
Balance at beginning (in shares) at Mar. 31, 2019	23,922
Increase Decrease In Stockholder's Equity [Roll Forward]
Net income (loss)			345		345
Other comprehensive income (loss), net of tax				808	808
Balance at ending at Jun. 30, 2019	$ 47,844	14,570	(9,177)	(58)	53,179
Balance at ending (in shares) at Jun. 30, 2019	23,922
Increase Decrease In Stockholder's Equity [Roll Forward]
Net income (loss)			876		876
Other comprehensive income (loss), net of tax				151	151
Balance at ending at Sep. 30, 2019	$ 47,844	$ 14,570	$ (8,301)	$ 93	$ 54,206
Balance at ending (in shares) at Sep. 30, 2019	23,922				23,922,086

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018
CASH FLOWS FROM OPERATING ACTIVITIES
Net income	$ 1,627	$ 239
Adjustments to reconcile net income to net cash provided by operating activities:
Amortization of bond premiums/discounts	410	500
Provision for loan losses	1,290	189
Depreciation	1,757	1,935
Income on life insurance	(54)	(42)
Gain on sale of mortgage loans	(78)
Gain on sale and leaseback transaction	(803)
(Gain) Loss on sale of premises and equipment	(4)	76
Loss on sale of foreclosed assets	55	96
Loans originated for sale	(4,216)
Proceeds from loans held for sale	8,082
Adjustment of carrying value of foreclosed real estate	214	421
Deferred tax cost (benefit)	418	83
Net change in:
Interest receivable	(243)	(27)
Other assets	(278)	101
Accrued interest payable	100	121
Accrued expenses and other liabilities	769	(1,114)
Net Cash Provided by Operating Activities	9,046	2,578
CASH FLOWS FROM INVESTING ACTIVITIES
Net increase in loans receivable	(16,006)	(21,235)
Purchase of securities available-for-sale	(790)
Proceeds from sales, maturities, and principal paydowns of securities available-for-sale	7,991	8,542
Net (purchase) sale of equity securities (restricted)	(14)	21
Proceeds from sale of premises and equipment	559	806
Payments for the purchase of premises and equipment	(1,429)	(1,509)
Proceeds from insurance claims on other real estate owned	19
Proceeds from sales of other real estate owned	1,155	1,046
Net Cash Used In Investing Activities	(8,515)	(12,329)
CASH FLOWS FROM FINANCING ACTIVITIES
Net change in borrowed funds	(5,630)	(558)
Net change in non-interest bearing deposits	11,673	16,338
Net change in interest bearing deposits	13,938	(670)
Net Cash Provided by Financing Activities	19,981	15,110
Net increase in cash and cash equivalents	20,512	5,359
Cash and Cash Equivalents, Beginning of Period	28,173	32,705
Cash and Cash Equivalents, End of Period	48,685	38,064
Supplemental Disclosure of Cash Paid During the Period for:
Interest	4,370	2,945
Taxes		320
Supplemental Disclosure of Non Cash Transactions:
Transfer of loans to loans held for sale	4,359
Right-of-use asset established in exchange for new operating lease liability	1,232
Loan to finance sale of premises	752
Other real estate acquired in settlement of foreclosed loans	492	1,636
Loans made to finance sale of foreclosed real estate	647	467
Change in unrealized gains (losses) on securities available-for-sale	$ 1,682	$ (1,655)

NATURE OF OPERATIONS

NATURE OF OPERATIONS	9 Months Ended
	Sep. 30, 2019
Nature Of Operations
NATURE OF OPERATIONS	NOTE 1 NATURE OF OPERATIONS: New Peoples Bankshares, Inc. (the “Company”) is a financial holding company whose principal activity is the ownership and management of a community bank, New Peoples Bank, Inc. (the “Bank”). The Bank was organized and incorporated under the laws of the Commonwealth of Virginia. As a state-chartered member bank, the Bank is subject to regulation by the Virginia Bureau of Financial Institutions, the Federal Deposit Insurance Corporation and the Federal Reserve Bank. The Bank provides general banking services to individuals, small and medium size businesses and the professional community of southwestern Virginia, southern West Virginia, and eastern Tennessee. Services include commercial and consumer loans along with traditional deposit products such as checking and savings accounts.

ACCOUNTING PRINCIPLES

ACCOUNTING PRINCIPLES	9 Months Ended
	Sep. 30, 2019
Accounting Policies [Abstract]
ACCOUNTING PRINCIPLES	NOTE 2 ACCOUNTING PRINCIPLES: These consolidated financial statements conform to U. S. generally accepted accounting principles and to general industry practices. In the opinion of management, the accompanying consolidated financial statements contain all adjustments (consisting of only normal recurring accruals) necessary to present fairly the Company’s financial position at September 30, 2019 and December 31, 2018, and the results of operations for the three and nine-month periods ended September 30, 2019 and 2018. The notes included herein should be read in conjunction with the notes to the consolidated financial statements included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2018. The results of operations for interim periods are not necessarily indicative of the results of operations that may be expected for a full year or any future period. The preparation of financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. The determination of the adequacy of the allowance for loan losses and the determination of the deferred tax asset and related valuation allowance are based on estimates that are particularly susceptible to significant changes in the economic environment and market conditions.

EARNINGS PER SHARE

EARNINGS PER SHARE	9 Months Ended
	Sep. 30, 2019
Income Per Share
EARNINGS PER SHARE	NOTE 3 EARNINGS PER SHARE: Basic earnings per share computations are based on the weighted average number of shares outstanding during each period. Dilutive earnings per share reflect the additional common shares that would have been outstanding if dilutive potential common shares had been issued. Potential common shares that may be issued related to outstanding common stock warrants are determined by the Treasury method. There were no dilutive potential common shares for the three and nine months ended September 30, 2019. Basic and diluted net income per common share calculations follow: (Amounts in Thousands, Except For the three months For the nine months 2019 2018 2019 2018 Net income $ 876 $ 208 $ 1,627 $ 239 Weighted average shares outstanding 23,922,086 23,922,086 23,922,086 23,922,086 Dilutive shares — — — — Weighted average dilutive shares outstanding 23,922,086 23,922,086 23,922,086 23,922,086 Basic income per share $ 0.04 $ 0.01 $ 0.07 $ 0.01 Diluted income per share $ 0.04 $ 0.01 $ 0.07 $ 0.01

CAPITAL

CAPITAL	9 Months Ended
	Sep. 30, 2019
Capital [Abstract]
CAPITAL	NOTE 4 CAPITAL: Capital Requirements and Ratios The Bank is subject to various capital requirements administered by federal banking agencies. Failure to meet minimum capital requirements can initiate certain mandatory and, possibly, additional discretionary actions by regulators that, if undertaken, could have a direct material effect on the Bank’s financial statements. Under capital adequacy guidelines and the regulatory framework for prompt corrective action, the Bank must meet specific capital guidelines that involve quantitative measures of assets, liabilities, and certain off-balance sheet items as calculated under regulatory accounting practices. The capital amounts and classification are also subject to qualitative judgments by the regulators about components, risk weightings, and other factors. Quantitative measures established by regulation to ensure capital adequacy require 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 stockholders’ 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 Bank is also required to maintain capital at a minimum level based on quarterly average assets, which is known as the leverage ratio. The Company meets eligibility criteria of a small bank holding company in accordance with the Federal Reserve Board’s Small Bank Holding Company Policy Statement issued in February 2015, and is no longer obligated to report consolidated regulatory capital. The Bank’s actual capital amounts and ratios are presented in the following table as of September 30, 2019 and December 31, 2018, respectively. These ratios comply with Federal Reserve rules to align with the Basel III Capital requirements effective January 1, 2015. Actual Minimum Capital Requirement Minimum to Be Well Capitalized Under Prompt Corrective Action Provisions (Dollars are in thousands) Amount Ratio Amount Ratio Amount Ratio September 30, 2019: Total Capital to Risk Weighted Assets: New Peoples Bank, Inc. 71,435 14.65 % $ 39,005 8.0 % $ 48,765 10.0 % Tier 1 Capital to Risk Weighted Assets: New Peoples Bank, Inc. 66,285 13.60 % 29,254 6.0 % 39,005 8.0 % Tier 1 Capital to Average Assets: New Peoples Bank, Inc. 66,285 9.50 % 27,920 4.0 % 34,900 5.0 % Common Equity Tier 1 Capital New Peoples Bank, Inc. 66,285 13.60 % 21,940 4.5 % 31,691 6.5 % December 31, 2018: Total Capital to Risk Weighted Assets: New Peoples Bank, Inc. 70,002 14.39 % $ 38,912 8.0 % $ 48,640 10.0 % Tier 1 Capital to Risk Weighted Assets: New Peoples Bank, Inc. 64,666 13.29 % 29,184 6.0 % 38,912 8.0 % Tier 1 Capital to Average Assets: New Peoples Bank, Inc. 64,666 9.59 % 26,960 4.0 % 33,700 5.0 % Common Equity Tier 1 Capital New Peoples Bank, Inc. 64,666 13.29 % 21,888 4.5 % 31,616 6.5 % As of September 30, 2019, the Bank was well capitalized under the regulatory framework for prompt corrective action. To be categorized as well capitalized, an institution must maintain minimum total risk-based, Tier 1 risk-based, Tier 1 leverage, and Common Equity Tier 1 ratios as set forth in the above tables. There were no subsequent conditions or events that management believes have changed the Bank’s category. Under Basel III Capital requirements, a capital conservation buffer of 0.625% became effective beginning on January 1, 2016. The capital conservation buffer was gradually increased through January 1, 2019 to 2.50%. Banks are now required to maintain levels that meet the required minimum plus the capital conservation buffer in order to make distributions, such as dividends, or discretionary bonus payments. The Bank’s capital conservation buffer is 6.65% as of September 30, 2019.

INVESTMENT SECURITIES

INVESTMENT SECURITIES	9 Months Ended
	Sep. 30, 2019
Investment Securities
INVESTMENT SECURITIES	NOTE 5 INVESTMENT SECURITIES: The amortized cost and estimated fair value of securities (all available-for-sale (“AFS”)) are as follows: Gross Approximate Gross Unrealized Unrealized Fair Amortized (Dollars are in thousands) Cost Gains Losses Value September 30, 2019 U.S. Government Agencies $ 16,573 $ 104 $ (96 ) $ 16,581 Taxable municipals 4,399 92 — 4,491 Corporate bonds 5,411 120 — 5,531 Mortgage backed securities 26,977 90 (192 ) 26,875 Total Securities AFS $ 53,360 $ 406 $ (288 ) $ 53,478 December 31, 2018 U.S. Government Agencies $ 19,755 $ 26 $ (392 ) $ 19,389 Taxable municipals 4,428 — (115 ) 4,313 Corporate bonds 5,422 47 (149 ) 5,320 Mortgage backed securities 31,366 11 (992 ) 30,385 Total Securities AFS $ 60,971 $ 84 $ (1,648 ) $ 59,407 The following table details unrealized losses and related fair values in the available-for-sale portfolio. This information is aggregated by the length of time that individual securities have been in a continuous unrealized loss position as of September 30, 2019 and December 31, 2018. Less than 12 Months 12 Months or More Total (Dollars are in thousands) Fair Value Unrealized Fair Unrealized Fair Unrealized September 30, 2019 U.S. Government Agencies $ 3,734 $ (17 ) $ 4,968 $ (79 ) $ 8,702 $ (96 ) Taxable municipals — — — — — — Corporate bonds — — — — — — Mtg. backed securities 1,871 (4 ) 16,518 (188 ) 18,389 (192 ) Total Securities AFS $ 5,605 $ (21 ) $ 21,486 $ (267 ) $ 27,091 $ (288 ) December 31, 2018 U.S. Government Agencies $ 5,013 $ (68 ) $ 11,585 $ (324 ) $ 16,599 $ (392 ) Taxable municipals — — 4,049 (115 ) 4,049 (115 ) Corporate bonds 1,713 (43 ) 1,423 (106 ) 3,136 (149 ) Mtg. backed securities 165 (2 ) 29,245 (990 ) 29,410 (992 ) Total Securities AFS $ 6,891 $ (113 ) $ 46,302 $ (1,535 ) $ 53,194 $ (1,648 ) At September 30, 2019, there were 109 securities in a loss position, of which 90 have been in a loss position for twelve months or more. Management believes that all unrealized losses have resulted from temporary changes in the interest rates and current market conditions and not as a result of credit deterioration. Management does not intend to sell, and it is not likely that the Bank will be required to sell any of the securities referenced in the table above before recovery of their amortized cost. Investment securities with a carrying value of $7.2 million and $8.0 million at September 30, 2019 and December 31, 2018, respectively, were pledged as collateral to secure public deposits and for other purposes required by law. There were no sales of investment securities during the nine months ended September 30, 2019 or September 30, 2018. The amortized cost and fair value of investment securities at September 30, 2019, by contractual maturity, are shown in the following schedule. Expected maturities will differ from contractual maturities because borrowers may have the right to call or prepay obligations with or without call or prepayment penalties. Weighted (Dollars are in thousands) Amortized Fair Average Securities Available-for-Sale Cost Value Yield Due in one year or less $ — $ — — % Due after one year through five years 4,594 4,630 2.55 % Due after five years through ten years 13,349 13,445 3.39 % Due after ten years 35,417 35,403 2.47 % Total $ 53,360 $ 53,478 2.70 % The Bank, as a member of the Federal Reserve Bank and the Federal Home Loan Bank, is required to hold stock in each. The Bank also owns stock in CBB Financial Corp., which is a correspondent of the Bank. These equity securities are restricted from trading and are recorded at a cost of $2.6 million and $2.5 million as of September 30, 2019 and December 31, 2018, respectively.

LOANS

LOANS	9 Months Ended
	Sep. 30, 2019
Receivables [Abstract]
LOANS	NOTE 6 LOANS: Loans held for sale of $571 thousand represents mortgage loans originated through secondary mortgage program, which have been originated in the Bank’s name since the second quarter of 2019. Previously, these loans were originated in the name of and funded bythe purchaser and were not included in loans receivable. Loans receivable outstanding are summarized as follows: (Dollars are in thousands) September 30, 2019 December 31, 2018 Real estate secured: Commercial $ 167,300 $ 140,862 Construction and land development 29,615 35,119 Residential 1-4 family 244,273 249,946 Multifamily 13,057 13,496 Farmland 21,469 22,114 Total real estate loans 475,714 461,537 Commercial 51,662 55,157 Agriculture 4,839 5,266 Consumer installment loans 24,221 24,538 All other loans 1,738 598 Total loans $ 558,174 $ 547,096 Loans receivable on nonaccrual status are summarized as follows: (Dollars are in thousands) September 30, 2019 December 31, 2018 Real estate secured: Commercial $ 1,069 $ 784 Construction and land development 39 157 Residential 1-4 family 2,431 3,626 Multifamily — 76 Farmland 539 1,637 Total real estate loans 4,078 6,300 Commercial 558 61 Agriculture — 1 Consumer installment loans — 7 Total loans receivable on nonaccrual status $ 4,636 $ 6,369 Total interest income not recognized on nonaccrual loans for the nine months ended September 30, 2019 and 2018 was $544 thousand and $358 thousand, respectively. The following table presents information concerning the Company’s investment in loans considered impaired as of September 30, 2019 and December 31, 2018: As of September 30, 2019 Recorded Unpaid Principal Balance Related With no related allowance recorded : Real estate secured: Commercial $ 2,172 $ 2,229 $ — Construction and land development 79 353 — Residential 1-4 family 1,508 1,599 — Multifamily — — — Farmland 756 939 — Commercial 90 142 — Agriculture — — — Consumer installment loans 6 6 — All other loans — — — With an allowance recorded: Real estate secured: Commercial 368 381 75 Construction and land development — — — Residential 1-4 family 56 61 46 Multifamily — — — Farmland — — — Commercial 462 1,136 100 Agriculture — — — Consumer installment loans — — — All other loans — — — Total $ 5,497 $ 6,846 $ 221 As of December 31, 2018 Recorded Investment Unpaid Principal Balance Related Allowance With no related allowance recorded: Real estate secured: Commercial $ 1,887 $ 1,941 $ — Construction and land development 114 379 — Residential 1-4 family 2,880 3,168 — Multifamily 75 117 — Farmland 1,693 1,880 — Commercial — — — Agriculture — — — Consumer installment loans — — — All other loans — — — With an allowance recorded: Real estate secured: Commercial 435 539 40 Construction and land development — — — Residential 1-4 family 431 454 132 Multifamily — — — Farmland 345 358 132 Commercial 109 109 13 Agriculture — — — Consumer installment loans 7 7 1 All other loans — — — Total $ 7,976 $ 8,952 $ 318 The following table presents information concerning the Company’s average impaired loans and interest recognized on those impaired loans, for the periods indicated: Nine months Ended September 30, 2019 September 30, 2018 (Dollars are in thousands) Average Interest Average Interest With no related allowance recorded: Real estate secured: Commercial $ 1,918 $ 76 $ 2,724 $ 95 Construction and land development 96 3 220 1 Residential 1-4 family 2,114 47 3,229 137 Multifamily 37 1 163 5 Farmland 1,235 29 1,515 51 Commercial 691 11 166 1 Agriculture — — 4 — Consumer installment loans 3 — 2 — All other loans — — — — With an allowance recorded: Real estate secured: Commercial 496 1 1,409 16 Construction and land development — — — — Residential 1-4 family 364 — 391 13 Multifamily — — — — Farmland 223 6 365 — Commercial 563 — 293 2 Agriculture — — — — Consumer installment loans 3 6 1 All other loans — — — — Total $ 7,743 $ 174 $ 10,487 $ 322 Three Months Ended September 30, 2019 September 30, 2018 (Dollars are in thousands) Average Interest Average Interest With no related allowance recorded: Real estate secured: Commercial $ 1,978 $ 34 $ 2,710 $ 41 Construction and land development 84 3 145 1 Residential 1-4 family 1,365 8 3,093 50 Multifamily — — 80 1 Farmland 788 16 1,816 9 Commercial 45 — 10 1 Agriculture — — 1 — Consumer installment loans 6 — — — All other loans — — — — With an allowance recorded: Real estate secured: Commercial 372 — 544 — Construction and land development — — — — Residential 1-4 family 340 — 393 6 Multifamily — — — — Farmland 111 — 357 — Commercial 1,036 1 110 — Agriculture — — — — Consumer installment loans — — 7 — All other loans — — — — Total $ 6,125 $ 62 $ 9,266 $ 109 An age analysis of past due loans receivable is below. At September 30, 2019 and December 31, 2018, there were no loans over 90 days past due that were accruing. As of September 30, 2019 Loans Loans Loans Total Current Total Real estate secured: Commercial $ — $ 758 $ 317 $ 1,075 $ 166,225 $ 167,300 Construction and land 57 14 2 73 29,542 29,615 Residential 1-4 family 2,616 1,112 733 4,461 239,812 244,273 Multifamily 121 — — 121 12,936 13,057 Farmland — — 152 152 21,317 21,469 Total real estate loans 2,794 1,884 1,204 5,882 469,832 475,714 Commercial 35 110 516 661 51,001 51,662 Agriculture 40 — — 40 4,799 4,839 Consumer installment 71 8 — 79 24,142 24,221 All other loans 38 — — 38 1,700 1,738 Total loans $ 2,978 $ 2,002 $ 1,720 $ 6,700 $ 551,474 $ 558,174 As of December 31, 2018 Loans Loans Loans Total Current Total Real estate secured: Commercial $ 80 $ 31 $ 137 $ 248 $ 140,614 $ 140,862 Construction and land 70 — 27 97 35,022 35,119 Residential 1-4 family 3,468 564 525 4,557 245,389 249,946 Multifamily — 273 — 273 13,223 13,496 Farmland 316 — 1090 1406 20,708 22,114 Total real estate loans 3,934 868 1,779 6,581 454,956 461,537 Commercial 68 — 61 129 55,028 55,157 Agriculture 22 — — 22 5,244 5,266 Consumer installment 74 15 — 89 24,449 24,538 All other loans — — — — 598 598 Total loans $ 4,098 $ 883 $ 1,840 $ 6,821 $ 540,275 $ 547,096 The Company categorizes loans receivable into risk categories based on relevant information about the ability of borrowers to service their debt such as: current financial information, historical payment experience, credit documentation, public information, and current economic trends, among other factors. The Company analyzes loans individually by classifying the loans receivable as to credit risk. The Company uses the following definitions for risk ratings: Pass Special Mention Substandard A substandard loan is inadequately protected by the current sound net worth and paying capacity of the obligor or of the collateral pledged, if any. Loans classified as substandard must have a well-defined weakness or weaknesses that jeopardize the liquidation of the debt; they are characterized by the distinct possibility that the institution will sustain some loss if the deficiencies are not corrected. Doubtful Loans classified doubtful have all the weaknesses inherent in loans classified as substandard, plus the added characteristic that the weaknesses make collection or liquidation in full on the basis of currently existing facts, conditions, and values highly questionable and improbable. Based on the most recent analysis performed, the risk categories of loans receivable was as follows: As of September 30, 2019 Pass Special Substandard Doubtful Total Real estate secured: Commercial $ 163,299 $ 2,932 $ 1,069 $ — $ 167,300 Construction and land development 29,196 369 50 — 29,615 Residential 1-4 family 240,610 1,172 2,491 — 244,273 Multifamily 13,057 — — — 13,057 Farmland 19,415 1,515 539 — 21,469 Total real estate loans 465,577 5,988 4,149 — 475,714 Commercial 48,607 2,483 81 491 51,662 Agriculture 4,783 12 44 — 4,839 Consumer installment loans 24,218 2 1 — 24,221 All other loans 1,738 — — — 1,738 Total $ 544,923 $ 8,485 $ 4,275 $ 491 $ 558,174 As of December 31, 2018 Pass Special Substandard Doubtful Total Real estate secured: Commercial $ 137,146 $ 2,890 $ 826 $ — $ 140,862 Construction and land development 34,231 718 170 — 35,119 Residential 1-4 family 243,950 1,523 4,473 — 249,946 Multifamily 13,357 63 76 — 13,496 Farmland 18,126 2,331 1,657 — 22,114 Total real estate loans 446,810 7,525 7,202 — 461,537 Commercial 52,156 2,940 61 — 55,157 Agriculture 5,255 10 1 — 5,266 Consumer installment loans 24,493 35 10 — 24,538 All other loans 598 — — — 598 Total $ 529,312 $ 10,510 $ 7,274 $ — $ 547,096

ALLOWANCE FOR LOAN LOSSES

ALLOWANCE FOR LOAN LOSSES	9 Months Ended
	Sep. 30, 2019
Receivables [Abstract]
ALLOWANCE FOR LOAN LOSSES	NOTE 7 ALLOWANCE FOR LOAN LOSSES: The following table details activity in the allowance for loan losses by portfolio segment for the period ended September 30, 2019. The commercial charge-off amount includes $1 million in losses incurred during the third quarter of 2019, related to three unrelated borrowers, who either ceased business operations or filed bankruptcy. These losses resulted in a provision to the allowance during the third quarter of $1 million. During the second quarter of 2019, $4.4 million of non-performing or under-performing real estate loans were sold resulting in $113 thousand of charge-offs and $57 thousand of recoveries. As of September 30, 2019 Beginning Balance Charge Offs Ending Balance (Dollars are in thousands) Recoveries Provisions Real estate secured: Commercial $ 1,386 $ - $ 16 $ (143) $ 1,259 Construction and land development 202 - 34 (70) 166 Residential 1-4 family 2,437 (171) 168 (566) 1,868 Multifamily 89 - 30 (17) 102 Farmland 287 (33) 8 (135) 127 Total real estate loans 4,401 (204) 256 (931) 3,522 Commercial 448 (1,563) 59 2,480 1,424 Agriculture 37 (9) 1 (5) 24 Consumer installment loans 172 (73) 57 13 169 All other loans 3 - - 5 8 Unallocated 275 - - (272) 3 Total $ 5,336 $ (1,849) $ 373 $ 1,290 $ 5,150 Allowance for Loan Losses Recorded Investment in Loans As of September 30, 2019 Individually Collectively Evaluated for Impairment Total Individually Collectively Evaluated for Impairment Total Real estate secured: Commercial $ 75 $ 1,184 $ 1,259 $ 2,540 $ 164,760 $ 167,300 Construction and land — 166 166 79 29,536 29,615 Residential 1-4 family 46 1,822 1,868 1,564 242,709 244,273 Multifamily — 102 102 — 13,057 13,057 Farmland — 127 127 756 20,713 21,469 Total real estate loans 121 3,401 3,522 4,939 470,775 475,714 Commercial 100 1,324 1,424 552 51,110 51,662 Agriculture — 24 24 — 4,839 4,839 Consumer installment loans — 169 169 6 24,215 24,221 All other loans — 8 8 — 1,738 1,738 Unallocated — 3 3 — — — Total $ 221 $ 4,929 $ 5,150 $ 5,497 $ 552,677 $ 558,174 The following table details activity in the allowance for loan losses by portfolio segment for the period ended December 31, 2018. Allocation of a portion of the allowance to one category of loans does not preclude its availability to absorb losses in other categories. As of December 31, 2018 Beginning Charge Recoveries Provisions Ending Balance Real estate secured: Commercial $ 1,989 $ (334 ) $ 73 $ (342 ) $ 1,386 Construction and land development 191 (96 ) 11 96 202 Residential 1-4 family 2,400 (290 ) 73 254 2,437 Multifamily 106 — — (17 ) 89 Farmland 415 (58 ) 72 (142 ) 287 Total real estate loans 5,101 (778 ) 229 (151 ) 4,401 Commercial 660 (617 ) 84 321 448 Agriculture 20 — 1 16 37 Consumer installment loans 156 (75 ) 44 47 172 All other loans 3 — — — 3 Unallocated 256 — — 19 275 Total $ 6,196 $ (1,470 ) $ 358 $ 252 $ 5,336 Allowance for Loan Losses Recorded Investment in Loans As of December 31, 2018 Individually Collectively Evaluated for Impairment Total Individually Collectively Evaluated for Impairment Total Real estate secured: Commercial $ 40 $ 1,346 $ 1,386 $ 2,322 $ 138,540 $ 140,862 Construction and land — 202 202 114 35,005 35,119 Residential 1-4 family 132 2,205 2,437 3,311 246,635 249,946 Multifamily — 89 89 75 13,421 13,496 Farmland 132 155 287 2,038 20,076 22,114 Total real estate loans 304 4,097 4,401 7,860 453,677 461,537 Commercial 13 435 448 109 55,048 55,157 Agriculture — 37 37 — 5,266 5,266 Consumer installment loans 1 171 172 7 24,531 24,538 All other loans — 3 3 — 598 598 Unallocated — 275 275 — — — Total $ 318 $ 5,018 $ 5,336 $ 7,976 $ 539,120 $ 547,096 In determining the amount of our allowance, we rely on an analysis of our loan portfolio, our experience and our evaluation of general economic conditions, as well as any regulatory input. If our assumptions prove to be incorrect, our current allowance may not be sufficient to cover future loan losses and we may experience significant increases to our provision.

TROUBLED DEBT RESTRUCTURINGS

TROUBLED DEBT RESTRUCTURINGS	9 Months Ended
	Sep. 30, 2019
Troubled Debt Restructurings
TROUBLED DEBT RESTRUCTURINGS	NOTE 8 TROUBLED DEBT RESTRUCTURINGS: At September 30, 2019 there were $3.9 million in loans that are classified as troubled debt restructurings compared to $5.4 million at December 31, 2018. All loans considered to be troubled debt restructurings are individually evaluated for impairment as part of the allowance for loan losses calculation. The following table presents information related to loans modified as troubled debt restructurings during the nine and three months ended September 30, 2019 and 2018. For the nine months ended For the nine months ended Troubled Debt Restructurings # of Loans Pre-Mod. Recorded Investment Post-Mod. # of Pre-Mod. Post-Mod. Real estate secured: Commercial — $ — $ — — $ — $ — Construction and land — — — — — — Residential 1-4 family — — — — — — Multifamily — — — — — — Farmland 1 281 281 — — — Total real estate loans — — — — — — Commercial — — — Agriculture — — — — — — Consumer installment loans — — — — — — All other loans — — — — — — Total 1 $ 281 $ 281 — $ — $ — During the nine months ended September 30, 2019, the Company modified one loan for which the modification was considered to be a troubled debt restructuring. This loan is secured by farmland and the modification is related to a court-ordered payment plan. No loans modified during the three months ended September 30, 2019 were considered to be troubled debt restructurings. During the nine and three months ended September 30, 2018, the Company modified no loans for which the modification was considered to be a troubled debt restructuring. No loans modified as a troubled debt restructurings defaulted during the three or nine months ended September 30, 2019 or 2018. Generally, a troubled debt restructuring is considered to be in default once it becomes 90 days or more past due following a modification. In determination of the allowance for loan losses, management considers troubled debt restructurings and subsequent defaults in these restructurings in its estimate. The Company evaluates all troubled debt restructurings for possible further impairment. As a result, the allowance may be increased, adjustments may be made in the allocation of the allowance, or charge-offs may be taken to further write down the carrying value of the loan.

OTHER REAL ESTATE OWNED

OTHER REAL ESTATE OWNED	9 Months Ended
	Sep. 30, 2019
Real Estate [Abstract]
OTHER REAL ESTATE OWNED	NOTE 9 OTHER REAL ESTATE OWNED: The following table summarizes the activity in other real estate owned for the nine months ended September 30, 2019 and the year ended December 31, 2018: (Dollars are in thousands) September 30, December 31, 2018 Balance, beginning of period $ 5,937 $ 6,859 Additions 492 1,719 Proceeds from sales (1,155 ) (1,405 ) Proceeds from insurance claims (19 ) — Loans made to finance sales (647 ) (569 ) Adjustment of carrying value (214 ) (542 ) Deferred gain from sales — 10 Losses from sales (55 ) (135 ) Balance, end of period $ 4,339 $ 5,937

FAIR VALUES

FAIR VALUES	9 Months Ended
	Sep. 30, 2019
Fair Value Disclosures [Abstract]
FAIR VALUES	NOTE 10 FAIR VALUES: The financial reporting standard, “Fair Value Measurements and Disclosures” provides a framework for measuring fair value under generally accepted accounting principles and requires disclosures about the fair value of assets and liabilities recognized in the balance sheet in periods subsequent to initial recognition, whether the measurements are made on a recurring basis (for example, available-for-sale investment securities) or on a nonrecurring basis (for example, impaired loans and other real estate acquired through foreclosure). 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 Measurements and Disclosures also establishes 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. The standard describes 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 exchange market, as well as U. S. Treasury, other U. S. Government and agency mortgage-backed debt securities that are highly liquid and are actively traded in over-the-counter markets. 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 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 and 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. Investment Securities Available-for-Sale Assets measured at fair value on a recurring basis are as follows. There were no liabilities measured at fair value on a recurring basis. (Dollars are in thousands) Quoted market price in active markets Significant other observable inputs Significant unobservable inputs September 30, 2019 U.S. Government Agencies $ — $ 16,581 $ — Taxable municipals — 4,491 — Corporate bonds — 5,531 — Mortgage backed securities — 26,875 — Total $ — $ 53,478 $ — December 31, 2018 U.S. Government Agencies $ — $ 19,389 $ — Taxable municipals — 4,313 — Corporate bonds — 5,320 — Mortgage backed securities — 30,385 — Total $ — $ 59,407 $ — Loans - Other Real Estate Owned – Assets measured at fair value on a non-recurring basis are as follows (for purpose of this table the impaired loans are shown net of the related allowance). There were no liabilities measured at fair value on a non-recurring basis. (Dollars are in thousands) Quoted market price in active markets Significant other observable inputs Significant unobservable inputs September 30, 2019 Other real estate owned — — $ 4,339 Impaired loans — — 5,284 Total — — $ 9,623 December 31, 2018 Other real estate owned — — $ 5,937 Impaired loans — — 7,658 Total — — $ 13,595 For Level 3 assets measured at fair value on a recurring or non-recurring basis as of September 30, 2019, the significant unobservable inputs used in the fair value measurements were as follows: (Dollars in thousands) Fair Value at September 30, 2019 Valuation Technique Significant Unobservable Inputs General Range of Significant Unobservable Input Values Impaired Loans $ 5,284 $ Appraised Value/Discounted Cash Flows/Market Value of Note Discounts to reflect current market conditions, ultimate collectability, and estimated costs to sell 0 – 18% Other Real Estate Owned $ 4,339 $ Appraised Value/Comparable Sales/Other Estimates from Independent Sources Discounts to reflect current market conditions and estimated costs to sell 0 – 18% Fair Value of Financial Instruments Fair value information about financial instruments, whether or not recognized in the balance sheet, for which it is practical to estimate the value is based upon the characteristics of the instruments and relevant market information. Financial instruments include cash, evidence of ownership in an entity, or contracts that convey or impose on an entity that contractual right or obligation to either receive or deliver cash for another financial instrument. The following summary presents the methodologies and assumptions used to estimate the fair value of the Company’s financial instruments presented below. The information used to determine fair value is highly subjective and judgmental in nature and, therefore, the results may not be precise. Subjective factors include, among other things, estimates of cash flows, risk characteristics, credit quality, and interest rates, all of which are subject to change. Since the fair value is estimated as of the balance sheet date, the amounts that will actually be realized or paid upon settlement or maturity on these various instruments could be significantly different. The carrying amount and fair value of the Company’s financial instruments that are not required to be measured or reported at fair value on a recurring basis are as follows: Fair Value Measurements (Dollars are in thousands) Carrying Fair Quoted market price in active markets Significant other observable inputs Significant unobservable inputs September 30, 2019 Financial Instruments – Assets Net Loans $ 558,174 $ 545,837 $ — $ 540,553 $ 5,284 Financial Instruments – Liabilities Time Deposits 256,550 255,911 — 260,922 — FHLB Advances 5,000 5,060 — 5,060 — Trust Preferred Securities 16,496 13,586 — 13,586 — December 31, 2018 Financial Instruments – Assets Net Loans $ 541,760 $ 534,425 $ — $ 526,767 $ 7,658 Financial Instruments– Liabilities Time Deposits 258,850 258,671 — 258,671 — FHLB Advances 7,000 7,215 — 7,215 — Trust Preferred Securities 16,496 14,425 — 14,425 — Fair value estimates are made at a specific point in time, based on relevant market information and information about the financial instrument. These estimates do not reflect any premium or discount that could result from offering for sale at one time the Company’s entire holdings of a particular financial instrument. Because no market exists for a significant portion of the Company’s financial instruments, fair value estimates are based on judgments regarding future expected loss experience, current economic conditions, risk characteristics of various financial instruments and 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 can significantly affect the estimates. Estimated fair values have been determined by the Company using historical data, as generally provided in the Company’s regulatory reports, and an estimation methodology suitable for each category of financial instruments. The Company’s fair value estimates, methods and assumptions are set forth below for the Company’s other financial instruments. The carrying values of cash and due from banks, federal funds sold, interest-bearing deposits, deposits with no stated maturities, and accrued interest approximates fair value and are excluded from the table above. In accordance with our adoption of ASU 2016-01 in 2018, the methods utilized to measure the fair value of financial instruments at September 30, 2019 and December 31, 2018 represent an approximation of exit price; however, an actual exit price may differ.

SALE AND LEASEBACK TRANSACTIONS

SALE AND LEASEBACK TRANSACTIONS	9 Months Ended
	Sep. 30, 2019
Leases [Abstract]
SALE AND LEASEBACK TRANSACTIONS	NOTE 11 SALE AND LEASEBACK TRANSACTIONS: In anticipation of certain sale and leaseback transactions, the Company adopted ASU No. 2016-02 Leases (Topic 842) in 2017. This ASU revised certain aspects of recognition, measurement, presentation, and disclosure of leasing transactions. As a result of this transaction the Company recognized initial right-to-use assets – operating leases of approximately $5.3 million, along with corresponding lease liabilities of approximately $5.3 million. The $5.3 million was determined by calculating the present value of the annual cash lease payments using a discount rate of 3.25%. The 3.25% discount rate was determined to be the 15-year incremental borrowing rate as of May 31, 2017. On September 17, 2019, the Bank completed the sale and leaseback, with an unrelated third party of a branch office located in Lebanon Virginia. The sale resulted in a gain of $803 thousand. The execution of the 15 year lease resulted in the recognition of an additional right-to–use asset – operating lease of approximately $1.2 million, along with a corresponding lease liability of a similar amount. The $1.2 million was determined using a discount rate of 2.82% which was determined to be the 15-year incremental borrowing rate. For the three and nine months ended September 30, 2019 and 2018 operating lease expenses were $123 thousand and $120 thousand, and $361 thousand and $359 thousand, respectively. At September 30, 2019, the weighted average remaining term for these leases was 13.08 years, and the weighted average discount rate was 3.16%. The Company’s other operating leases were evaluated and determined to be immaterial to the financial statements. At September 30, 2019, future minimum rental commitments under the non-cancellable operating leases discussed above are as follows (dollars are in thousands): 2019 $ 137 2020 534 2021 511 2022 530 2023 544 Thereafter 5,070 Total lease payments 7,326 Less imputed interest 1,393 Total $ 5,933

REVENUE FROM CONTRACTS WITH CUS

REVENUE FROM CONTRACTS WITH CUSTOMERS	9 Months Ended
	Sep. 30, 2019
Revenue from Contract with Customer [Abstract]
REVENUE FROM CONTRACTS WITH CUSTOMERS	NOTE 12 REVENUE FROM CONTRACTS WITH CUSTOMERS All our revenue from contracts with customers as defined in ASC 606 is recognized within Non-interest income. The following table presents Non-interest income by revenue stream for the three and nine months ended September 30, 2019 and 2018. For the three months ended For the nine months ended September 30, September 30, (Dollars in thousands) 2019 2018 2019 2018 Service charges and fees $ 947 $ 942 $ 2,660 $ 2,728 Card processing and interchange income 800 720 2,276 2,109 Insurance and investment fees 158 129 481 382 Other noninterest income 950 126 1,184 319 Total Noninterest Income $ 2,855 $ 1,917 $ 6,601 $ 5,538

NONINTEREST EXPENSES

NONINTEREST EXPENSES	9 Months Ended
	Sep. 30, 2019
Noninterest Expenses
NONINTEREST EXPENSES	NOTE 13 NONINTEREST EXPENSES: Other operating expenses, included as part of noninterest expenses, consisted of the following for the periods presented: For the three months ended September 30, For the nine months ended September 30, (Dollars are in thousands) 2019 2018 2019 2018 Advertising $ 82 $ 79 $ 233 $ 340 ATM network expense 488 430 1,389 1,272 Legal and professional fees 321 284 1,023 1,057 Loan related expenses 194 150 484 480 Printing and supplies 39 46 116 248 FDIC insurance premiums (3) 98 210 279 Other real estate owned, net 99 411 525 772 Other 572 501 1,670 1,840 Total other operating expenses $ 1,792 $ 1,999 $ 5,650 $ 6,288

SUBSEQUENT EVENTS

SUBSEQUENT EVENTS	9 Months Ended
	Sep. 30, 2019
Subsequent Events [Abstract]
SUBSEQUENT EVENTS	NOTE 14 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. Non-recognized 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 available to be issued and no subsequent events occurred requiring accrual or disclosure.

RECENT ACCOUNTING DEVELOPMENTS

RECENT ACCOUNTING DEVELOPMENTS	9 Months Ended
	Sep. 30, 2019
Recent Accounting Developments
RECENT ACCOUNTING DEVELOPMENTS	NOTE 15 RECENT ACCOUNTING DEVELOPMENTS: The following is a summary of recent authoritative announcements: In May 2014, the Financial Accounting Standards Board (“FASB”) issued guidance to change the recognition of 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. The guidance became effective January 1, 2018. The amendment does not apply to revenue associated with financial instruments, such as loans and investment securities available for sale, and therefore had no material effect on our consolidated financial statements. Information related to revenue from contracts with customers is summarized at Note 12. In January 2016, per Accounting Standards Update (“ASU”) 2016-01, the FASB amended the Financial Instruments topic of the Accounting Standards Codification (“ASC”), to address certain aspects of recognition, measurement, presentation, and disclosure of financial instruments. The amendments became effective on January 1, 2018 and did not have a material effect on the financial statements. As discussed in Note 10, the Company measured the fair value of its loan portfolio using an exit price notion as of September 30, 2019. In February 2016, the FASB amended the Leases topic of the ASC to revise certain aspects of recognition, measurement, presentation, and disclosure of leasing transactions. The amendments became effective for fiscal years beginning after December 15, 2018, including interim periods within those fiscal years. As discussed in Note 11, the Company early adopted ASU No. 2016-02 Leases (Topic 842). 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 guidance became effective January 1, 2018. The Company completed an assessment of revenue streams and a review of related contracts potentially affected by the ASU and, based on this assessment, the Company concluded that the ASU did not materially change the method in which the Company currently recognizes revenue for these revenue streams. As such, a cumulative effect adjustment to opening retained earnings was not deemed necessary. In June 2016, per ASU No. 2016-13 ‘Financial Instruments – Credit Losses (Topic 326),’ the FASB issued guidance to change the accounting for credit losses and modify the impairment model for certain debt securities. This standard was amended effective October 16, 2019. The amendments allow the Company to delay implementation until reporting periods beginning after December 15, 2022. Early adoption is permitted for all organizations for periods beginning after December 15, 2018. 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 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 amendment became effective on January 1, 2018 and did not have a material effect on the financial statements. In January 2017, the FASB updated the Accounting Changes and Error Corrections and the Investments—Equity Method and Joint Ventures Topics of the ASC. The ASU incorporates into the ASC recent SEC guidance about disclosing, under SEC SAB Topic 11.M, the effect on financial statements of adopting the revenue, leases, and credit losses standards. The ASU was effective upon issuance. The Company has assessed the impact on additional disclosure requirements for each of the standards and determined them to not have a material effect on its financial position, results of operations or cash flows. In February 2017, the FASB amended the Other Income Topic of the ASC to clarify the scope of the guidance on nonfinancial asset derecognition as well as the accounting for partial sales of nonfinancial assets. The amendments conform the derecognition guidance on nonfinancial assets with the model for transactions in the new revenue standard. The amendment became effective on January 1, 2018 and did not have a material effect on the financial statements. In September 2017, the FASB updated the Revenue from Contracts with Customers and the Leases Topics of the ASC. The amendments incorporate into the ASC recent SEC guidance about certain public business entities (PBEs) electing to use the non-PBE effective dates solely to adopt the FASB’s new standards on revenue and leases. The amendments were effective upon issuance. The Company has assessed the impact of adoption of this guidance, and determined it does not have a material effect on its financial statements. In November 2017, the FASB updated the Income Statement and Revenue from Contracts with Customers Topics of the ASC. The amendments incorporate into the ASC recent SEC guidance related to revenue recognition. The amendments were effective upon issuance and did not have a material effect on the financial statements. In February 2018, the FASB Issued (ASU 2018-02), Income Statement (Topic 220): Reclassification of Certain Tax Effects from Accumulated Other Comprehensive Income, which requires Companies to reclassify the stranded effects in other comprehensive income to retained earnings as a result of the change in the tax rates under the Tax Cuts and Jobs Act. The Company early adopted this pronouncement by retrospective application to each period (or periods) in which the effect of the change in the tax rate under the Tax Cuts and Jobs Act is recognized. The impact of the reclassification from other comprehensive income to retained earnings was $98 thousand as of December 31, 2018. In February 2018, the FASB amended the Financial Instruments Topic of the ASC. The amendments clarify certain aspects of the guidance issued in ASU 2016-01. The amendments were effective for the third quarter of 2018 subsequent to adopting the amendments in ASU 2016-01. All entities were able to early adopt these amendments for fiscal years beginning after December 15, 2017, including interim periods within those fiscal years, as long as they had adopted ASU 2016-01. The Company does not expect these amendments to have a material effect on its financial statements. In March 2018, the FASB updated the Debt Securities and the Regulated Operations Topics of the ASC. The amendments incorporate into the ASC recent SEC guidance which was issued in order to make the relevant interpretive guidance consistent with current authoritative accounting and auditing guidance and SEC rules and regulations. The amendments were effective upon issuance. These amendments did not have a material effect on the Company’s financial statements. In March 2018, the FASB updated the Income Taxes Topic of the ASC. The amendments incorporate into the ASC recent SEC guidance related to the income tax accounting implications of the Tax Cuts and Jobs Act. The amendments were effective upon issuance. These amendments did not have a material effect on the Company’s financial statements. In May 2018, the FASB amended the Financial Services—Depository and Lending Topic of the ASC to remove outdated guidance related to Circular 202. The amendments were effective upon issuance and did not have a material effect on the Company’s financial statements. In July 2018, the FASB amended the Leases Topic of the Accounting Standards Codification to make narrow amendments to clarify how to apply certain aspects of the new standard. The amendments are effective for reporting periods beginning after December 15, 2018. These amendments did not have a material effect on the Company’s financial statements. As discussed in Note 17, the Company early adopted ASU No. 2016-02 Leases (Topic 842). In August 2018, the FASB amended the Fair Value Measurement Topic of the Accounting Standards Codification. The amendments remove, modify, and add certain fair value disclosure requirements based on the concepts in the FASB Concepts Statement, Conceptual Framework for Financial Reporting—Chapter 8: Notes to Financial Statements. The amendments are effective for all entities for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2019. Early adoption is permitted. An entity is permitted to early adopt any removed or modified disclosures upon issuance of this ASU and delay adoption of the additional disclosures until their effective date. The Company does not expect these amendments to have a material effect on its financial statements. In August 2018, the FASB amended the Intangibles—Goodwill and Other Topic of the Accounting Standards Codification to align the requirements for capitalizing implementation costs incurred in a hosting arrangement that is a service contract with the requirements for capitalizing implementation costs incurred to develop or obtain internal-use software. The amendments will be effective for the Company for fiscal years beginning after December 15, 2019. Early adoption is permitted. The Company does not expect these amendments to have a material effect on its financial statements. In October 2018, the FASB amended the Derivatives and Hedging Topic of the Accounting Standards Codification to expand the list of U.S. benchmark interest rates permitted in the application of hedge accounting. The amendments were effective for the Company for fiscal years beginning after December 15, 2018. Early adoption was permitted. These amendments did not have a material effect on the Company’s financial statements. In October 2018, the FASB amended the Consolidation topic of the Accounting Standards Codification for determining whether a decision-making fee is a variable interest. The amendments require organizations to consider indirect interests held through related parties under common control on a proportional basis rather than as the equivalent of a direct interest in its entirety. The amendments will be effective for the Company for fiscal years beginning after December 15, 2019, and interim periods within those fiscal years. Early adoption is permitted. The Company will apply a full retrospective approach in which financial statements for each individual prior period presented and the opening balances of the earliest period presented are adjusted to reflect the period-specific effects of applying the amendments. The Company does not expect these amendments to have a material effect on its financial statements. In November 2018, the FASB amended the Collaborative Arrangements Topic of the Accounting Standards Codification to clarify the interaction between the guidance for certain collaborative arrangements and the new revenue recognition financial accounting and reporting standard. The amendments will be effective for the Company for fiscal years beginning after December 15, 2019, and 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 2018, the FASB issued guidance to amend the Financial Instruments—Credit Losses topic of the Accounting Standards Codification. The guidance aligns the implementation date of the topic for annual financial statements of nonpublic companies with the implementation date for their interim financial statements. The guidance also clarifies that receivables arising from operating leases are not within the scope of the topic, but rather, should be accounted for in accordance with the leases topic. The amendments will be effective for the Company for reporting periods beginning after December 15, 2019. Early adoption is permitted for all organizations for periods beginning after December 15, 2018. The Company is currently in the process of evaluating the impact of adoption of this guidance on its financial statements. In December 2018, the FASB issued guidance providing narrow-scope improvements for lessors, that provides relief in the accounting for sales, use and similar taxes, the accounting for other costs paid by a lessee that may benefit a lessor, and variable payments when contracts have lease and non-lease components. The amendments were effective for the Company for reporting periods beginning after December 15, 2018. Early adoption was permitted. These amendments did not have a material effect on the Company’s financial statements. In March 2019, as part of the FASB’s ongoing annual improvements project, it amended the Leases Topic of the ASC to clarify the Codification more generally and/or to correct unintended application of guidance. The amendments relate to determining the fair value of the underlying asset by lessors that are not manufacturers or dealers, presentation on the statement of cash flows – sales-type and direct financing leases, and transition disclosures related to the Accounting Changes and Error Corrections Topic. The amendments will be effective for the Company for fiscal years beginning after December 15, 2019, and 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 April 2019, as part of the FASB’s ongoing annual improvements project, it amended various Topics of the ASC related to financial instruments to clarify the Codification more generally and/or to correct unintended application of guidance. The amendments relate to Recognition and Measurement of Financial Assets and Financial Liabilities, Measurement of Credit Losses on Financial Instruments, and Targeted Improvements to Accounting for Hedging Activities. The amendments will be effective for the Company for fiscal years beginning after December 15, 2019, and 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 May 2019, the FASB issued targeted transition relief for entities which irrevocably elect the fair value option for certain financial assets previously measured at amortized cost basis. For those entities, the amendments to the transition guidance for ASU No. 2016-13 will increase comparability of financial statement information by providing an option to align measurement methodologies for similar financial assets. The amendments will be effective for the Company for fiscal years beginning after December 15, 2019. The Company is currently in the process of evaluating the impact of adoption of this guidance 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.

ACCOUNTING PRINCIPLES (Policies

ACCOUNTING PRINCIPLES (Policies)	9 Months Ended
	Sep. 30, 2019
Accounting Policies [Abstract]
ACCOUNTING PRINCIPLES	These consolidated financial statements conform to U. S. generally accepted accounting principles and to general industry practices. In the opinion of management, the accompanying consolidated financial statements contain all adjustments (consisting of only normal recurring accruals) necessary to present fairly the Company’s financial position at September 30, 2019 and December 31, 2018, and the results of operations for the three and nine-month periods ended September 30, 2019 and 2018. The notes included herein should be read in conjunction with the notes to the consolidated financial statements included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2018. The results of operations for interim periods are not necessarily indicative of the results of operations that may be expected for a full year or any future period. The preparation of financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. The determination of the adequacy of the allowance for loan losses and the determination of the deferred tax asset and related valuation allowance are based on estimates that are particularly susceptible to significant changes in the economic environment and market conditions.

EARNINGS PER SHARE (Tables)

EARNINGS PER SHARE (Tables)	9 Months Ended
	Sep. 30, 2019
Income Per Share
Schedule of anti-dilutive income per common share	Basic and diluted net income per common share calculations follow: (Amounts in Thousands, Except For the three months For the nine months 2019 2018 2019 2018 Net income $ 876 $ 208 $ 1,627 $ 239 Weighted average shares outstanding 23,922,086 23,922,086 23,922,086 23,922,086 Dilutive shares — — — — Weighted average dilutive shares outstanding 23,922,086 23,922,086 23,922,086 23,922,086 Basic income per share $ 0.04 $ 0.01 $ 0.07 $ 0.01 Diluted income per share $ 0.04 $ 0.01 $ 0.07 $ 0.01

CAPITAL (Tables)

CAPITAL (Tables)	9 Months Ended
	Sep. 30, 2019
Capital
Schedule of capital requirements	These ratios comply with Federal Reserve rules to align with the Basel III Capital requirements effective January 1, 2015. Actual Minimum Capital Requirement Minimum to Be Well Capitalized Under Prompt Corrective Action Provisions (Dollars are in thousands) Amount Ratio Amount Ratio Amount Ratio September 30, 2019: Total Capital to Risk Weighted Assets: New Peoples Bank, Inc. 71,435 14.65 % $ 39,005 8.0 % $ 48,765 10.0 % Tier 1 Capital to Risk Weighted Assets: New Peoples Bank, Inc. 66,285 13.60 % 29,254 6.0 % 39,005 8.0 % Tier 1 Capital to Average Assets: New Peoples Bank, Inc. 66,285 9.50 % 27,920 4.0 % 34,900 5.0 % Common Equity Tier 1 Capital New Peoples Bank, Inc. 66,285 13.60 % 21,940 4.5 % 31,691 6.5 % December 31, 2018: Total Capital to Risk Weighted Assets: New Peoples Bank, Inc. 70,002 14.39 % $ 38,912 8.0 % $ 48,640 10.0 % Tier 1 Capital to Risk Weighted Assets: New Peoples Bank, Inc. 64,666 13.29 % 29,184 6.0 % 38,912 8.0 % Tier 1 Capital to Average Assets: New Peoples Bank, Inc. 64,666 9.59 % 26,960 4.0 % 33,700 5.0 % Common Equity Tier 1 Capital New Peoples Bank, Inc. 64,666 13.29 % 21,888 4.5 % 31,616 6.5 %

INVESTMENT SECURITIES (Tables)

INVESTMENT SECURITIES (Tables)	9 Months Ended
	Sep. 30, 2019
Investment Securities Table Abstract
Schedule of amortized cost and estimated fair value of securities	The amortized cost and estimated fair value of securities (all available-for-sale (“AFS”)) are as follows: Gross Approximate Gross Unrealized Unrealized Fair Amortized (Dollars are in thousands) Cost Gains Losses Value September 30, 2019 U.S. Government Agencies $ 16,573 $ 104 $ (96 ) $ 16,581 Taxable municipals 4,399 92 — 4,491 Corporate bonds 5,411 120 — 5,531 Mortgage backed securities 26,977 90 (192 ) 26,875 Total Securities AFS $ 53,360 $ 406 $ (288 ) $ 53,478 December 31, 2018 U.S. Government Agencies $ 19,755 $ 26 $ (392 ) $ 19,389 Taxable municipals 4,428 — (115 ) 4,313 Corporate bonds 5,422 47 (149 ) 5,320 Mortgage backed securities 31,366 11 (992 ) 30,385 Total Securities AFS $ 60,971 $ 84 $ (1,648 ) $ 59,407
Schedule of unrealized losses and related fair values in the available-for-sale portfolio	The following table details unrealized losses and related fair values in the available-for-sale portfolio. This information is aggregated by the length of time that individual securities have been in a continuous unrealized loss position as of September 30, 2019 and December 31, 2018. Less than 12 Months 12 Months or More Total (Dollars are in thousands) Fair Value Unrealized Fair Unrealized Fair Unrealized September 30, 2019 U.S. Government Agencies $ 3,734 $ (17 ) $ 4,968 $ (79 ) $ 8,702 $ (96 ) Taxable municipals — — — — — — Corporate bonds — — — — — — Mtg. backed securities 1,871 (4 ) 16,518 (188 ) 18,389 (192 ) Total Securities AFS $ 5,605 $ (21 ) $ 21,486 $ (267 ) $ 27,091 $ (288 ) December 31, 2018 U.S. Government Agencies $ 5,013 $ (68 ) $ 11,585 $ (324 ) $ 16,599 $ (392 ) Taxable municipals — — 4,049 (115 ) 4,049 (115 ) Corporate bonds 1,713 (43 ) 1,423 (106 ) 3,136 (149 ) Mtg. backed securities 165 (2 ) 29,245 (990 ) 29,410 (992 ) Total Securities AFS $ 6,891 $ (113 ) $ 46,302 $ (1,535 ) $ 53,194 $ (1,648 )
Schedule of amortized cost and fair value of investment securities	Expected maturities will differ from contractual maturities because borrowers may have the right to call or prepay obligations with or without call or prepayment penalties. Weighted (Dollars are in thousands) Amortized Fair Average Securities Available-for-Sale Cost Value Yield Due in one year or less $ — $ — — % Due after one year through five years 4,594 4,630 2.55 % Due after five years through ten years 13,349 13,445 3.39 % Due after ten years 35,417 35,403 2.47 % Total $ 53,360 $ 53,478 2.70 %

LOANS (Tables)

LOANS (Tables)	9 Months Ended
	Sep. 30, 2019
Receivables [Abstract]
Summary of outstanding loans receivable	Loans receivable outstanding are summarized as follows: (Dollars are in thousands) September 30, 2019 December 31, 2018 Real estate secured: Commercial $ 167,300 $ 140,862 Construction and land development 29,615 35,119 Residential 1-4 family 244,273 249,946 Multifamily 13,057 13,496 Farmland 21,469 22,114 Total real estate loans 475,714 461,537 Commercial 51,662 55,157 Agriculture 4,839 5,266 Consumer installment loans 24,221 24,538 All other loans 1,738 598 Total loans $ 558,174 $ 547,096
Summary of loans receivable on nonaccrual status	Loans receivable on nonaccrual status are summarized as follows: (Dollars are in thousands) September 30, 2019 December 31, 2018 Real estate secured: Commercial $ 1,069 $ 784 Construction and land development 39 157 Residential 1-4 family 2,431 3,626 Multifamily — 76 Farmland 539 1,637 Total real estate loans 4,078 6,300 Commercial 558 61 Agriculture — 1 Consumer installment loans — 7 Total loans receivable on nonaccrual status $ 4,636 $ 6,369
Summary of impaired loans	The following table presents information concerning the Company’s investment in loans considered impaired as of September 30, 2019 and December 31, 2018: As of September 30, 2019 Recorded Unpaid Principal Balance Related With no related allowance recorded : Real estate secured: Commercial $ 2,172 $ 2,229 $ — Construction and land development 79 353 — Residential 1-4 family 1,508 1,599 — Multifamily — — — Farmland 756 939 — Commercial 90 142 — Agriculture — — — Consumer installment loans 6 6 — All other loans — — — With an allowance recorded: Real estate secured: Commercial 368 381 75 Construction and land development — — — Residential 1-4 family 56 61 46 Multifamily — — — Farmland — — — Commercial 462 1,136 100 Agriculture — — — Consumer installment loans — — — All other loans — — — Total $ 5,497 $ 6,846 $ 221 As of December 31, 2018 Recorded Investment Unpaid Principal Balance Related Allowance With no related allowance recorded: Real estate secured: Commercial $ 1,887 $ 1,941 $ — Construction and land development 114 379 — Residential 1-4 family 2,880 3,168 — Multifamily 75 117 — Farmland 1,693 1,880 — Commercial — — — Agriculture — — — Consumer installment loans — — — All other loans — — — With an allowance recorded: Real estate secured: Commercial 435 539 40 Construction and land development — — — Residential 1-4 family 431 454 132 Multifamily — — — Farmland 345 358 132 Commercial 109 109 13 Agriculture — — — Consumer installment loans 7 7 1 All other loans — — — Total $ 7,976 $ 8,952 $ 318
Summary of average impaired loans	The following table presents information concerning the Company’s average impaired loans and interest recognized on those impaired loans, for the periods indicated: Nine months Ended September 30, 2019 September 30, 2018 (Dollars are in thousands) Average Interest Average Interest With no related allowance recorded: Real estate secured: Commercial $ 1,918 $ 76 $ 2,724 $ 95 Construction and land development 96 3 220 1 Residential 1-4 family 2,114 47 3,229 137 Multifamily 37 1 163 5 Farmland 1,235 29 1,515 51 Commercial 691 11 166 1 Agriculture — — 4 — Consumer installment loans 3 — 2 — All other loans — — — — With an allowance recorded: Real estate secured: Commercial 496 1 1,409 16 Construction and land development — — — — Residential 1-4 family 364 — 391 13 Multifamily — — — — Farmland 223 6 365 — Commercial 563 — 293 2 Agriculture — — — — Consumer installment loans 3 6 1 All other loans — — — — Total $ 7,743 $ 174 $ 10,487 $ 322 Three Months Ended September 30, 2019 September 30, 2018 (Dollars are in thousands) Average Interest Average Interest With no related allowance recorded: Real estate secured: Commercial $ 1,978 $ 34 $ 2,710 $ 41 Construction and land development 84 3 145 1 Residential 1-4 family 1,365 8 3,093 50 Multifamily — — 80 1 Farmland 788 16 1,816 9 Commercial 45 — 10 1 Agriculture — — 1 — Consumer installment loans 6 — — — All other loans — — — — With an allowance recorded: Real estate secured: Commercial 372 — 544 — Construction and land development — — — — Residential 1-4 family 340 — 393 6 Multifamily — — — — Farmland 111 — 357 — Commercial 1,036 1 110 — Agriculture — — — — Consumer installment loans — — 7 — All other loans — — — — Total $ 6,125 $ 62 $ 9,266 $ 109
Summary of age analysis of past due loans receivable	An age analysis of past due loans receivable is below. At September 30, 2019 and December 31, 2018, there were no loans over 90 days past due that were accruing. As of September 30, 2019 Loans Loans Loans Total Current Total Real estate secured: Commercial $ — $ 758 $ 317 $ 1,075 $ 166,225 $ 167,300 Construction and land 57 14 2 73 29,542 29,615 Residential 1-4 family 2,616 1,112 733 4,461 239,812 244,273 Multifamily 121 — — 121 12,936 13,057 Farmland — — 152 152 21,317 21,469 Total real estate loans 2,794 1,884 1,204 5,882 469,832 475,714 Commercial 35 110 516 661 51,001 51,662 Agriculture 40 — — 40 4,799 4,839 Consumer installment 71 8 — 79 24,142 24,221 All other loans 38 — — 38 1,700 1,738 Total loans $ 2,978 $ 2,002 $ 1,720 $ 6,700 $ 551,474 $ 558,174 As of December 31, 2018 Loans Loans Loans Total Current Total Real estate secured: Commercial $ 80 $ 31 $ 137 $ 248 $ 140,614 $ 140,862 Construction and land 70 — 27 97 35,022 35,119 Residential 1-4 family 3,468 564 525 4,557 245,389 249,946 Multifamily — 273 — 273 13,223 13,496 Farmland 316 — 1090 1406 20,708 22,114 Total real estate loans 3,934 868 1,779 6,581 454,956 461,537 Commercial 68 — 61 129 55,028 55,157 Agriculture 22 — — 22 5,244 5,266 Consumer installment 74 15 — 89 24,449 24,538 All other loans — — — — 598 598 Total loans $ 4,098 $ 883 $ 1,840 $ 6,821 $ 540,275 $ 547,096
Summary of risk categories of loans receivable	Based on the most recent analysis performed, the risk categories of loans receivable was as follows: As of September 30, 2019 Pass Special Substandard Doubtful Total Real estate secured: Commercial $ 163,299 $ 2,932 $ 1,069 $ — $ 167,300 Construction and land development 29,196 369 50 — 29,615 Residential 1-4 family 240,610 1,172 2,491 — 244,273 Multifamily 13,057 — — — 13,057 Farmland 19,415 1,515 539 — 21,469 Total real estate loans 465,577 5,988 4,149 — 475,714 Commercial 48,607 2,483 81 491 51,662 Agriculture 4,783 12 44 — 4,839 Consumer installment loans 24,218 2 1 — 24,221 All other loans 1,738 — — — 1,738 Total $ 544,923 $ 8,485 $ 4,275 $ 491 $ 558,174 As of December 31, 2018 Pass Special Substandard Doubtful Total Real estate secured: Commercial $ 137,146 $ 2,890 $ 826 $ — $ 140,862 Construction and land development 34,231 718 170 — 35,119 Residential 1-4 family 243,950 1,523 4,473 — 249,946 Multifamily 13,357 63 76 — 13,496 Farmland 18,126 2,331 1,657 — 22,114 Total real estate loans 446,810 7,525 7,202 — 461,537 Commercial 52,156 2,940 61 — 55,157 Agriculture 5,255 10 1 — 5,266 Consumer installment loans 24,493 35 10 — 24,538 All other loans 598 — — — 598 Total $ 529,312 $ 10,510 $ 7,274 $ — $ 547,096

ALLOWANCE FOR LOAN LOSSES (Tabl

ALLOWANCE FOR LOAN LOSSES (Tables)	9 Months Ended
	Sep. 30, 2019
Receivables [Abstract]
Summary of activity in the allowance for loan losses by portfolio segment	During the second quarter of 2019, $4.4 million of non-performing or under-performing real estate loans were sold resulting in $113 thousand of charge-offs and $57 thousand of recoveries. As of September 30, 2019 Beginning Balance Charge Offs Ending Balance (Dollars are in thousands) Recoveries Provisions Real estate secured: Commercial $ 1,386 $ - $ 16 $ (143) $ 1,259 Construction and land development 202 - 34 (70) 166 Residential 1-4 family 2,437 (171) 168 (566) 1,868 Multifamily 89 - 30 (17) 102 Farmland 287 (33) 8 (135) 127 Total real estate loans 4,401 (204) 256 (931) 3,522 Commercial 448 (1,563) 59 2,480 1,424 Agriculture 37 (9) 1 (5) 24 Consumer installment loans 172 (73) 57 13 169 All other loans 3 - - 5 8 Unallocated 275 - - (272) 3 Total $ 5,336 $ (1,849) $ 373 $ 1,290 $ 5,150 As of December 31, 2018 Beginning Charge Recoveries Provisions Ending Balance Real estate secured: Commercial $ 1,989 $ (334 ) $ 73 $ (342 ) $ 1,386 Construction and land development 191 (96 ) 11 96 202 Residential 1-4 family 2,400 (290 ) 73 254 2,437 Multifamily 106 — — (17 ) 89 Farmland 415 (58 ) 72 (142 ) 287 Total real estate loans 5,101 (778 ) 229 (151 ) 4,401 Commercial 660 (617 ) 84 321 448 Agriculture 20 — 1 16 37 Consumer installment loans 156 (75 ) 44 47 172 All other loans 3 — — — 3 Unallocated 256 — — 19 275 Total $ 6,196 $ (1,470 ) $ 358 $ 252 $ 5,336
Schedule for allocation of a portion of the allowance to one category of loans	Allowance for Loan Losses Recorded Investment in Loans As of September 30, 2019 Individually Collectively Evaluated for Impairment Total Individually Collectively Evaluated for Impairment Total Real estate secured: Commercial $ 75 $ 1,184 $ 1,259 $ 2,540 $ 164,760 $ 167,300 Construction and land — 166 166 79 29,536 29,615 Residential 1-4 family 46 1,822 1,868 1,564 242,709 244,273 Multifamily — 102 102 — 13,057 13,057 Farmland — 127 127 756 20,713 21,469 Total real estate loans 121 3,401 3,522 4,939 470,775 475,714 Commercial 100 1,324 1,424 552 51,110 51,662 Agriculture — 24 24 — 4,839 4,839 Consumer installment loans — 169 169 6 24,215 24,221 All other loans — 8 8 — 1,738 1,738 Unallocated — 3 3 — — — Total $ 221 $ 4,929 $ 5,150 $ 5,497 $ 552,677 $ 558,174 Allowance for Loan Losses Recorded Investment in Loans As of December 31, 2018 Individually Collectively Evaluated for Impairment Total Individually Collectively Evaluated for Impairment Total Real estate secured: Commercial $ 40 $ 1,346 $ 1,386 $ 2,322 $ 138,540 $ 140,862 Construction and land — 202 202 114 35,005 35,119 Residential 1-4 family 132 2,205 2,437 3,311 246,635 249,946 Multifamily — 89 89 75 13,421 13,496 Farmland 132 155 287 2,038 20,076 22,114 Total real estate loans 304 4,097 4,401 7,860 453,677 461,537 Commercial 13 435 448 109 55,048 55,157 Agriculture — 37 37 — 5,266 5,266 Consumer installment loans 1 171 172 7 24,531 24,538 All other loans — 3 3 — 598 598 Unallocated — 275 275 — — — Total $ 318 $ 5,018 $ 5,336 $ 7,976 $ 539,120 $ 547,096

TROUBLED DEBT RESTRUCTURINGS (T

TROUBLED DEBT RESTRUCTURINGS (Tables)	9 Months Ended
	Sep. 30, 2019
Schedule of revenue from contracts with customers
Schedule of loans modified as troubled debt restructurings	The following table presents information related to loans modified as troubled debt restructurings during the nine and three months ended September 30, 2019 and 2018. For the nine months ended For the nine months ended Troubled Debt Restructurings # of Loans Pre-Mod. Recorded Investment Post-Mod. # of Pre-Mod. Post-Mod. Real estate secured: Commercial — $ — $ — — $ — $ — Construction and land — — — — — — Residential 1-4 family — — — — — — Multifamily — — — — — — Farmland 1 281 281 — — — Total real estate loans — — — — — — Commercial — — — Agriculture — — — — — — Consumer installment loans — — — — — — All other loans — — — — — — Total 1 $ 281 $ 281 — $ — $ —

OTHER REAL ESTATE OWNED (Tables

OTHER REAL ESTATE OWNED (Tables)	9 Months Ended
	Sep. 30, 2019
Real Estate [Abstract]
Schedule of activity in other real estate	The following table summarizes the activity in other real estate owned for the nine months ended September 30, 2019 and the year ended December 31, 2018: (Dollars are in thousands) September 30, December 31, 2018 Balance, beginning of period $ 5,937 $ 6,859 Additions 492 1,719 Proceeds from sales (1,155 ) (1,405 ) Proceeds from insurance claims (19 ) — Loans made to finance sales (647 ) (569 ) Adjustment of carrying value (214 ) (542 ) Deferred gain from sales — 10 Losses from sales (55 ) (135 ) Balance, end of period $ 4,339 $ 5,937

FAIR VALUES (Tables)

FAIR VALUES (Tables)	9 Months Ended
	Sep. 30, 2019
Fair Value Disclosures [Abstract]
Summary of assets and liabilities measured at fair value	(Dollars are in thousands) Quoted market price in active markets Significant other observable inputs Significant unobservable inputs September 30, 2019 U.S. Government Agencies $ — $ 16,581 $ — Taxable municipals — 4,491 — Corporate bonds — 5,531 — Mortgage backed securities — 26,875 — Total $ — $ 53,478 $ — December 31, 2018 U.S. Government Agencies $ — $ 19,389 $ — Taxable municipals — 4,313 — Corporate bonds — 5,320 — Mortgage backed securities — 30,385 — Total $ — $ 59,407 $ — (Dollars are in thousands) Quoted market price in active markets Significant other observable inputs Significant unobservable inputs September 30, 2019 Other real estate owned — — $ 4,339 Impaired loans — — 5,284 Total — — $ 9,623 December 31, 2018 Other real estate owned — — $ 5,937 Impaired loans — — 7,658 Total — — $ 13,595
Schedule of significant unobservable inputs in fair value measurements	For Level 3 assets measured at fair value on a recurring or non-recurring basis as of September 30, 2019, the significant unobservable inputs used in the fair value measurements were as follows: (Dollars in thousands) Fair Value at September 30, 2019 Valuation Technique Significant Unobservable Inputs General Range of Significant Unobservable Input Values Impaired Loans $ 5,284 $ Appraised Value/Discounted Cash Flows/Market Value of Note Discounts to reflect current market conditions, ultimate collectability, and estimated costs to sell 0 – 18% Other Real Estate Owned $ 4,339 $ Appraised Value/Comparable Sales/Other Estimates from Independent Sources Discounts to reflect current market conditions and estimated costs to sell 0 – 18%
Schedule for estimated fair value of financial instruments	The carrying amount and fair value of the Company’s financial instruments that are not required to be measured or reported at fair value on a recurring basis are as follows: Fair Value Measurements (Dollars are in thousands) Carrying Fair Quoted market price in active markets Significant other observable inputs Significant unobservable inputs September 30, 2019 Financial Instruments – Assets Net Loans $ 558,174 $ 545,837 $ — $ 540,553 $ 5,284 Financial Instruments – Liabilities Time Deposits 256,550 255,911 — 260,922 — FHLB Advances 5,000 5,060 — 5,060 — Trust Preferred Securities 16,496 13,586 — 13,586 — December 31, 2018 Financial Instruments – Assets Net Loans $ 541,760 $ 534,425 $ — $ 526,767 $ 7,658 Financial Instruments– Liabilities Time Deposits 258,850 258,671 — 258,671 — FHLB Advances 7,000 7,215 — 7,215 — Trust Preferred Securities 16,496 14,425 — 14,425 —

SALE AND LEASEBACK TRANSACTIO_2

SALE AND LEASEBACK TRANSACTIONS (Tables)	9 Months Ended
	Sep. 30, 2019
Leases [Abstract]
Schedule of future minimum rental commitments under the non-cancellable operating leases	At September 30, 2019, future minimum rental commitments under the non-cancellable operating leases discussed above are as follows (dollars are in thousands): 2019 $ 137 2020 534 2021 511 2022 530 2023 544 Thereafter 5,070 Total lease payments 7,326 Less imputed interest 1,393 Total $ 5,933

REVENUE FROM CONTRACTS WITH C_2

REVENUE FROM CONTRACTS WITH CUSTOMERS (Tables)	9 Months Ended
	Sep. 30, 2019
Revenue from Contract with Customer [Abstract]
Schedule of revenue from contracts with customers	The following table presents Non-interest income by revenue stream for the three and nine months ended September 30, 2019 and 2018. For the three months ended For the nine months ended September 30, September 30, (Dollars in thousands) 2019 2018 2019 2018 Service charges and fees $ 947 $ 942 $ 2,660 $ 2,728 Card processing and interchange income 800 720 2,276 2,109 Insurance and investment fees 158 129 481 382 Other noninterest income 950 126 1,184 319 Total Noninterest Income $ 2,855 $ 1,917 $ 6,601 $ 5,538

NONINTEREST EXPENSES (Tables)

NONINTEREST EXPENSES (Tables)	9 Months Ended
	Sep. 30, 2019
Noninterest Expenses
Schedule of operating expenses	Other operating expenses, included as part of noninterest expenses, consisted of the following for the periods presented: For the three months ended September 30, For the nine months ended September 30, (Dollars are in thousands) 2019 2018 2019 2018 Advertising $ 82 $ 79 $ 233 $ 340 ATM network expense 488 430 1,389 1,272 Legal and professional fees 321 284 1,023 1,057 Loan related expenses 194 150 484 480 Printing and supplies 39 46 116 248 FDIC insurance premiums (3) 98 210 279 Other real estate owned, net 99 411 525 772 Other 572 501 1,670 1,840 Total other operating expenses $ 1,792 $ 1,999 $ 5,650 $ 6,288

EARNINGS PER SHARE (Details)

EARNINGS PER SHARE (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended						9 Months Ended
	Sep. 30, 2019	Jun. 30, 2019	Mar. 31, 2019	Sep. 30, 2018	Jun. 30, 2018	Mar. 31, 2018	Sep. 30, 2019	Sep. 30, 2018
Income Per Share
Net income (loss)	$ 876	$ 345	$ 406	$ 208	$ (49)	$ 80	$ 1,627	$ 239
Weighted average shares outstanding (in shares)	23,922,086			23,922,086			23,922,086	23,922,086
Dilutive shares (in shares)
Weighted average dilutive shares outstanding (in shares)	23,922,086			23,922,086			23,922,086	23,922,086
Basic income (loss) per share (in dollars per share)	$ 0.04			$ 0.01			$ 0.07	$ 0.01
Diluted income (loss) per share (in dollars per share)	$ 0.04			$ 0.01			$ 0.07	$ 0.01

CAPITAL (Details)

CAPITAL (Details) - Bank - USD ($) $ in Thousands	Sep. 30, 2019	Dec. 31, 2018
Total Capital to Risk Weighted Assets, Actual, Amount	$ 71,435	$ 70,002
Total Capital to Risk Weighted Assets, Actual, Ratio	14.65%	14.39%
Total Capital to Risk Weighted Assets, Minimum Capital Requirement, Amount	$ 39,005	$ 38,912
Total Capital to Risk Weighted Assets, Minimum Capital Requirement, Ratio	8.00%	8.00%
Total Capital to Risk Weighted Assets, Minimum to Be Well Capitalized Under Prompt Corrective Action Provisions, Amount	$ 48,765	$ 48,640
Total Capital to Risk Weighted Assets, Minimum to Be Well Capitalized Under Prompt Corrective Action Provisions, Ratio	10.00%	10.00%
Tier 1 Capital Risk Weighted Assets, Actual, Amount	$ 66,285	$ 64,666
Tier 1 Capital Risk Weighted Assets, Actual, Ratio	13.60%	13.29%
Tier 1 Capital Risk Weighted Assets, Minimum Capital Requirement, Amount	$ 29,254	$ 29,184
Tier 1 Capital Risk Weighted Assets, Minimum Capital Requirement, Ratio	6.00%	6.00%
Tier 1 Capital Risk Weighted Assets, Minimum to Be Well Capitalized Under Prompt Corrective Action Provisions, Amount	$ 39,005	$ 38,912
Tier 1 Capital Risk Weighted Assets, Minimum to Be Well Capitalized Under Prompt Corrective Action Provisions, Ratio	8.00%	8.00%
Tier 1 Capital to Average Assets, Actual, Amount	$ 66,285	$ 64,666
Tier 1 Capital to Average Assets, Actual, Ratio	13.60%	9.59%
Tier 1 Capital to Average Assets, Minimum Capital Requirement, Amount	$ 21,940	$ 26,960
Tier 1 Capital to Average Assets, Minimum Capital Requirement, Ratio	4.50%	4.00%
Tier 1 Capital to Average Assets, Minimum to Be Well Capitalized Under Prompt Corrective Action Provisions, Amount	$ 31,691	$ 33,700
Tier 1 Capital to Average Assets, Minimum to Be Well Capitalized Under Prompt Corrective Action Provisions, Ratio	6.50%	5.00%
Common Equity Tier 1 Capital to Risk Weighted Assets, Actual, Amount	$ 66,285	$ 64,666
Common Equity Tier 1 Capital to Risk Weighted Assets, Actual, Ratio	13.60%	13.29%
Common Equity Tier 1 Capital to Risk Weighted Assets, Minimum Capital Requirement, Amount	$ 21,940	$ 21,888
Common Equity Tier 1 Capital to Risk Weighted Assets, Minimum Capital Requirement, Ratio	4.50%	4.50%
Common Equity Tier 1 Capital to Risk Weighted Assets, Minimum to Be Well Capitalized Under Prompt Corrective Action Provisions, Amount	$ 31,691	$ 31,616
Common Equity Tier 1 Capital to Risk Weighted Assets, Minimum to Be Well Capitalized Under Prompt Corrective Action Provisions, Ratio	6.50%	6.50%

INVESTMENT SECURITIES (Details)

INVESTMENT SECURITIES (Details) - USD ($) $ in Thousands	Sep. 30, 2019	Dec. 31, 2018
Gross Unrealized Gains	$ 53,360	$ 60,971
Approximate Unrealized Gains	406	84
Fair Losses	(288)	(1,648)
Value	53,478	59,407
U.S. Government Agencies [Member]
Gross Unrealized Gains	16,573	19,755
Approximate Unrealized Gains	104	26
Fair Losses	(96)	(392)
Value	16,581	19,389
Taxable Municipals [Member]
Gross Unrealized Gains	4,399	4,428
Approximate Unrealized Gains	92
Fair Losses		(115)
Value	4,491	4,313
Corporate Bonds [Member]
Gross Unrealized Gains	5,411	5,422
Approximate Unrealized Gains	120	47
Fair Losses		(149)
Value	5,531	5,320
Mortgage Backed Securities [Member]
Gross Unrealized Gains	26,977	31,366
Approximate Unrealized Gains	90	11
Fair Losses	(192)	(992)
Value	$ 26,875	$ 30,385

INVESTMENT SECURITIES (Details

INVESTMENT SECURITIES (Details 1) - USD ($) $ in Thousands	9 Months Ended	12 Months Ended
	Sep. 30, 2019	Dec. 31, 2018
Fair Value, Less than 12 Months	$ 5,605	$ 6,891
Unrealized Losses, Less than 12 Months	(21)	(113)
Fair Value, 12 Months or More	21,486	46,302
Unrealized Losses, 12 Months or More	(267)	(1,535)
Fair Value, Total	27,091	53,194
Unrealized Losses, Total	(288)	(1,648)
U.S. Government Agencies [Member]
Fair Value, Less than 12 Months	3,734	5,013
Unrealized Losses, Less than 12 Months	(17)	(68)
Fair Value, 12 Months or More	4,968	11,585
Unrealized Losses, 12 Months or More	(79)	(324)
Fair Value, Total	8,702	16,599
Unrealized Losses, Total	(96)	(392)
Taxable Municipals [Member]
Fair Value, 12 Months or More		4,049
Unrealized Losses, 12 Months or More		(115)
Fair Value, Total		4,049
Unrealized Losses, Total		(115)
Mortgage Backed Securities [Member]
Fair Value, Less than 12 Months	1,871	165
Unrealized Losses, Less than 12 Months	(4)	(2)
Fair Value, 12 Months or More	16,518	29,245
Unrealized Losses, 12 Months or More	(188)	(990)
Fair Value, Total	18,389	29,410
Unrealized Losses, Total	(192)	(992)
Corporate Bonds [Member]
Fair Value, Less than 12 Months		1,713
Unrealized Losses, Less than 12 Months		(43)
Fair Value, 12 Months or More		1,423
Unrealized Losses, 12 Months or More		(106)
Fair Value, Total		3,136
Unrealized Losses, Total		$ (149)

INVESTMENT SECURITIES (Detail_2

INVESTMENT SECURITIES (Details 2) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2019	Dec. 31, 2018
Investment Securities Activity
Due in one year or less, Amortized Cost
Due after one year through five years, Amortized Cost	4,594
Due after five years through ten years, Amortized Cost	13,349
Due after ten years, Amortized Cost	35,417
Amortized Cost, Total	53,360
Due in one year or less, Fair Value
Due after one year through five years, Fair Value	4,630
Due after five years through ten years, Fair Value	13,445
Due after ten years, Fair Value	35,403
Approximate Fair Value	$ 53,478	$ 59,407
Due in one year or less, Weighted Average Yield
Due after one year through five years, Weighted Average Yield	2.55%
Due after five years through ten years, Weighted Average Yield	3.39%
Due after ten years, Weighted Average Yield	2.47%
Weighted Average Yield, Total	2.70%

LOANS (Details)

LOANS (Details) - USD ($) $ in Thousands	Sep. 30, 2019	Dec. 31, 2018
Total loans and leases	$ 558,174	$ 547,096
Real Estate [Member]
Total loans and leases	475,714	461,537
Commercial [Member]
Total loans and leases	51,662	55,157
Commercial [Member] | Real Estate [Member]
Total loans and leases	167,300	140,862
Construction and Land Development [Member] | Real Estate [Member]
Total loans and leases	29,615	35,119
Residential 1-4 Family [Member] | Real Estate [Member]
Total loans and leases	244,273	249,946
Multifamily [Member] | Real Estate [Member]
Total loans and leases	13,057	13,496
Farmland [Member] | Real Estate [Member]
Total loans and leases	21,469	22,114
Agriculture [Member]
Total loans and leases	4,839	5,266
Consumer Installment Loans [Member]
Total loans and leases	24,221	24,538
All Other Loans [Member]
Total loans and leases	$ 1,738	$ 598

LOANS (Details 1)

LOANS (Details 1) - USD ($) $ in Thousands	Sep. 30, 2019	Dec. 31, 2018
Total loans receivable on nonaccrual status	$ 4,636	$ 6,369
Real Estate [Member]
Total loans receivable on nonaccrual status	4,078	6,300
Commercial [Member]
Total loans receivable on nonaccrual status	558	61
Commercial [Member] | Real Estate [Member]
Total loans receivable on nonaccrual status	1,069	784
Construction and Land Development [Member] | Real Estate [Member]
Total loans receivable on nonaccrual status	39	157
Residential 1-4 Family [Member] | Real Estate [Member]
Total loans receivable on nonaccrual status	2,431	3,626
Multifamily [Member] | Real Estate [Member]
Total loans receivable on nonaccrual status		76
Farmland [Member] | Real Estate [Member]
Total loans receivable on nonaccrual status	539	1,637
Agriculture [Member]
Total loans receivable on nonaccrual status		1
Consumer Installment Loans [Member]
Total loans receivable on nonaccrual status		$ 7

LOANS (Details 2)

LOANS (Details 2) - USD ($) $ in Thousands	Sep. 30, 2019	Dec. 31, 2018
Recorded Investment	$ 5,497	$ 7,976
Unpaid Principal Balance	6,846	8,952
Related Allowance	221	318
Impaired Financing Receivables With No Related Allowance [Member] | Commercial Real Estate [Member]
Recorded Investment	90
Unpaid Principal Balance	142
Impaired Financing Receivables With No Related Allowance [Member] | Consumer Installment Loans [Member]
Recorded Investment	6
Unpaid Principal Balance	6
Impaired Financing Receivables With Related Allowance [Member] | Commercial Real Estate [Member]
Recorded Investment	462	109
Unpaid Principal Balance	1,136	109
Related Allowance	100	13
Impaired Financing Receivables With Related Allowance [Member] | Consumer Installment Loans [Member]
Recorded Investment		7
Unpaid Principal Balance		7
Related Allowance		1
Commercial Real Estate [Member] | Real Estate [Member] | Impaired Financing Receivables With No Related Allowance [Member]
Recorded Investment	2,172	1,887
Unpaid Principal Balance	2,229	1,941
Commercial Real Estate [Member] | Real Estate [Member] | Impaired Financing Receivables With Related Allowance [Member]
Recorded Investment	368	435
Unpaid Principal Balance	381	539
Related Allowance	75	40
Construction and Land Development [Member] | Real Estate [Member] | Impaired Financing Receivables With No Related Allowance [Member]
Recorded Investment	79	114
Unpaid Principal Balance	353	379
Related Allowance
Residential 1-4 Family [Member] | Real Estate [Member] | Impaired Financing Receivables With No Related Allowance [Member]
Recorded Investment	1,508	2,880
Unpaid Principal Balance	1,599	3,168
Residential 1-4 Family [Member] | Real Estate [Member] | Impaired Financing Receivables With Related Allowance [Member]
Recorded Investment	56	431
Unpaid Principal Balance	61	454
Related Allowance	46	132
Multifamily [Member] | Real Estate [Member] | Impaired Financing Receivables With No Related Allowance [Member]
Recorded Investment		75
Unpaid Principal Balance		117
Related Allowance
Multifamily [Member] | Real Estate [Member] | Impaired Financing Receivables With Related Allowance [Member]
Recorded Investment
Unpaid Principal Balance
Related Allowance
Farmland [Member] | Real Estate [Member] | Impaired Financing Receivables With No Related Allowance [Member]
Recorded Investment	756	1,693
Unpaid Principal Balance	939	1,880
Farmland [Member] | Real Estate [Member] | Impaired Financing Receivables With Related Allowance [Member]
Recorded Investment		345
Unpaid Principal Balance		358
Related Allowance		$ 132

LOANS (Details 3)

LOANS (Details 3) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Average Recorded Investment	$ 6,125	$ 9,266	$ 7,743	$ 10,487
Interest Income Recognized	62	109	174	322
Impaired Financing Receivables With No Related Allowance [Member] | Commercial Real Estate [Member]
Average Recorded Investment	45	10	691	166
Interest Income Recognized		1	11	1
Impaired Financing Receivables With No Related Allowance [Member] | Consumer Installment Loans [Member]
Average Recorded Investment	6		3	2
Interest Income Recognized
Impaired Financing Receivables With No Related Allowance [Member] | Agriculture [Member]
Average Recorded Investment		1		4
Interest Income Recognized
Impaired Financing Receivables With Related Allowance [Member] | Commercial Real Estate [Member]
Average Recorded Investment	1,036	110	563	293
Interest Income Recognized	1			2
Impaired Financing Receivables With Related Allowance [Member] | Consumer Installment Loans [Member]
Average Recorded Investment		7	3	6
Interest Income Recognized				1
Commercial Real Estate [Member] | Real Estate [Member] | Impaired Financing Receivables With No Related Allowance [Member]
Average Recorded Investment	1,978	2,710	1,918	2,724
Interest Income Recognized	34	41	76	95
Commercial Real Estate [Member] | Real Estate [Member] | Impaired Financing Receivables With Related Allowance [Member]
Average Recorded Investment	372	544	496	1,409
Interest Income Recognized			1	16
Construction and Land Development [Member] | Real Estate [Member] | Impaired Financing Receivables With No Related Allowance [Member]
Average Recorded Investment	84	145	96	220
Interest Income Recognized	3	1	3	1
Residential 1-4 Family [Member] | Real Estate [Member] | Impaired Financing Receivables With No Related Allowance [Member]
Average Recorded Investment	1,365	3,093	2,114	3,229
Interest Income Recognized	8	50	47	137
Residential 1-4 Family [Member] | Real Estate [Member] | Impaired Financing Receivables With Related Allowance [Member]
Average Recorded Investment	340	393	364	391
Interest Income Recognized		6		13
Multifamily [Member] | Real Estate [Member] | Impaired Financing Receivables With No Related Allowance [Member]
Average Recorded Investment		80	37	163
Interest Income Recognized		1	1	5
Farmland [Member] | Real Estate [Member] | Impaired Financing Receivables With No Related Allowance [Member]
Average Recorded Investment	788	1,816	1,235	1,515
Interest Income Recognized	16	9	29	51
Farmland [Member] | Real Estate [Member] | Impaired Financing Receivables With Related Allowance [Member]
Average Recorded Investment	$ 111	$ 357	223	$ 365
Interest Income Recognized			$ 6

LOANS (Details 4)

LOANS (Details 4) - USD ($) $ in Thousands	Sep. 30, 2019	Dec. 31, 2018
Loans 30-59 Days Past Due	$ 2,978	$ 4,098
Loans 60-89 Days Past Due	2,002	883
Loans 90 or More Days Past Due	1,720	1,840
Total Past Due Loans	6,700	6,821
Current Loans	551,474	540,275
Total loans and leases	558,174	547,096
Real Estate [Member]
Loans 30-59 Days Past Due	2,794	3,934
Loans 60-89 Days Past Due	1,884	868
Loans 90 or More Days Past Due	1,204	1,779
Total Past Due Loans	5,882	6,581
Current Loans	469,832	454,956
Total loans and leases	475,714	461,537
Commercial [Member]
Loans 30-59 Days Past Due	35	68
Loans 60-89 Days Past Due	110
Loans 90 or More Days Past Due	516	61
Total Past Due Loans	661	129
Current Loans	51,001	55,028
Total loans and leases	51,662	55,157
Commercial [Member] | Real Estate [Member]
Loans 30-59 Days Past Due		80
Loans 60-89 Days Past Due	758	31
Loans 90 or More Days Past Due	317	137
Total Past Due Loans	1,075	248
Current Loans	166,225	140,614
Total loans and leases	167,300	140,862
Construction and Land Development [Member] | Real Estate [Member]
Loans 30-59 Days Past Due	57	70
Loans 60-89 Days Past Due	14
Loans 90 or More Days Past Due	2	27
Total Past Due Loans	73	97
Current Loans	29,542	35,022
Total loans and leases	29,615	35,119
Residential 1-4 Family [Member] | Real Estate [Member]
Loans 30-59 Days Past Due	2,616	3,468
Loans 60-89 Days Past Due	1,112	564
Loans 90 or More Days Past Due	733	525
Total Past Due Loans	4,461	4,557
Current Loans	239,812	245,389
Total loans and leases	244,273	249,946
Multifamily [Member] | Real Estate [Member]
Loans 30-59 Days Past Due	121
Loans 60-89 Days Past Due		273
Loans 90 or More Days Past Due
Total Past Due Loans	121	273
Current Loans	12,936	13,223
Total loans and leases	13,057	13,496
Farmland [Member] | Real Estate [Member]
Loans 30-59 Days Past Due		316
Loans 60-89 Days Past Due
Loans 90 or More Days Past Due	152	1,090
Total Past Due Loans	152	1,406
Current Loans	21,317	20,708
Total loans and leases	21,469	22,114
Agriculture [Member]
Loans 30-59 Days Past Due	40	22
Total Past Due Loans	40	22
Current Loans	4,799	5,244
Total loans and leases	4,839	5,266
Consumer Installment Loans [Member]
Loans 30-59 Days Past Due	71	74
Loans 60-89 Days Past Due	8	15
Total Past Due Loans	79	89
Current Loans	24,142	24,449
Total loans and leases	24,221	24,538
All Other Loans [Member]
Loans 30-59 Days Past Due	38
Total Past Due Loans	38
Current Loans	1,700	598
Total loans and leases	$ 1,738	$ 598

LOANS (Details 5)

LOANS (Details 5) - USD ($) $ in Thousands	Sep. 30, 2019	Dec. 31, 2018
Total loans and leases	$ 558,174	$ 547,096
Real Estate [Member]
Total loans and leases	475,714	461,537
Special Mention [Member]
Total loans and leases	8,485	10,510
Pass [Member]
Total loans and leases	544,923	529,312
Substandard [Member]
Total loans and leases	4,275	7,274
Doubtful [Member]
Total loans and leases	491
Real Estate [Member] | Special Mention [Member]
Total loans and leases	5,988	7,525
Real Estate [Member] | Pass [Member]
Total loans and leases	465,577	446,810
Real Estate [Member] | Substandard [Member]
Total loans and leases	4,149	7,202
Real Estate [Member] | Doubtful [Member]
Total loans and leases
Commercial Portfolio Segment [Member] | Special Mention [Member]
Total loans and leases	2,483	2,940
Commercial Portfolio Segment [Member] | Pass [Member]
Total loans and leases	48,607	52,156
Commercial Portfolio Segment [Member] | Substandard [Member]
Total loans and leases	81	61
Commercial Portfolio Segment [Member] | Doubtful [Member]
Total loans and leases	491
Commercial Portfolio Segment [Member] | Real Estate [Member] | Special Mention [Member]
Total loans and leases	2,932	2,890
Commercial Portfolio Segment [Member] | Real Estate [Member] | Pass [Member]
Total loans and leases	163,299	137,146
Commercial Portfolio Segment [Member] | Real Estate [Member] | Substandard [Member]
Total loans and leases	1,069	826
Commercial Portfolio Segment [Member] | Real Estate [Member] | Doubtful [Member]
Total loans and leases
Construction and Land Development [Member] | Real Estate [Member]
Total loans and leases	29,615	35,119
Construction and Land Development [Member] | Real Estate [Member] | Special Mention [Member]
Total loans and leases	369	718
Construction and Land Development [Member] | Real Estate [Member] | Pass [Member]
Total loans and leases	29,196	34,231
Construction and Land Development [Member] | Real Estate [Member] | Substandard [Member]
Total loans and leases	50	170
Residential 1-4 Family [Member] | Real Estate [Member]
Total loans and leases	244,273	249,946
Residential 1-4 Family [Member] | Real Estate [Member] | Special Mention [Member]
Total loans and leases	1,172	1,523
Residential 1-4 Family [Member] | Real Estate [Member] | Pass [Member]
Total loans and leases	240,610	243,950
Residential 1-4 Family [Member] | Real Estate [Member] | Substandard [Member]
Total loans and leases	2,491	4,473
Multifamily [Member] | Real Estate [Member]
Total loans and leases	13,057	13,496
Multifamily [Member] | Real Estate [Member] | Special Mention [Member]
Total loans and leases		63
Multifamily [Member] | Real Estate [Member] | Pass [Member]
Total loans and leases	13,057	13,357
Multifamily [Member] | Real Estate [Member] | Substandard [Member]
Total loans and leases		76
Multifamily [Member] | Real Estate [Member] | Doubtful [Member]
Total loans and leases
Farmland [Member] | Real Estate [Member]
Total loans and leases	21,469	22,114
Farmland [Member] | Real Estate [Member] | Special Mention [Member]
Total loans and leases	1,515	2,331
Farmland [Member] | Real Estate [Member] | Pass [Member]
Total loans and leases	19,415	18,126
Farmland [Member] | Real Estate [Member] | Substandard [Member]
Total loans and leases	539	1,657
Agriculture [Member]
Total loans and leases	4,839	5,266
Agriculture [Member] | Special Mention [Member]
Total loans and leases	12	10
Agriculture [Member] | Pass [Member]
Total loans and leases	4,783	5,255
Agriculture [Member] | Substandard [Member]
Total loans and leases	44	1
Agriculture [Member] | Doubtful [Member]
Total loans and leases
Consumer Installment Loans [Member]
Total loans and leases	24,221	24,538
Consumer Installment Loans [Member] | Special Mention [Member]
Total loans and leases	2	35
Consumer Installment Loans [Member] | Pass [Member]
Total loans and leases	24,218	24,493
Consumer Installment Loans [Member] | Substandard [Member]
Total loans and leases	1	10
Consumer Installment Loans [Member] | Doubtful [Member]
Total loans and leases
Commercial [Member]
Total loans and leases	51,662	55,157
Commercial [Member] | Real Estate [Member]
Total loans and leases	167,300	140,862
Commercial Real Estate [Member]
Total loans and leases	51,662	55,157
All Other Loans [Member]
Total loans and leases	1,738	598
All Other Loans [Member] | Special Mention [Member]
Total loans and leases
All Other Loans [Member] | Pass [Member]
Total loans and leases	1,738	598
All Other Loans [Member] | Substandard [Member]
Total loans and leases
All Other Loans [Member] | Doubtful [Member]
Total loans and leases

ALLOWANCE FOR LOAN LOSSES (Deta

ALLOWANCE FOR LOAN LOSSES (Details) - USD ($) $ in Thousands	9 Months Ended		12 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Dec. 31, 2018
Balance, beginning of year	$ 5,336	$ 6,196	$ 6,196
Charge Offs	(1,849)		(1,470)
Recoveries	373		358
Provision for loan losses	1,290	189	252
Balance, End of period	5,150		5,336
Real Estate [Member]
Balance, beginning of year	4,401	5,101	5,101
Charge Offs	(204)		(778)
Recoveries	256		229
Provision for loan losses	(931)		(151)
Balance, End of period	3,522		4,401
Commercial Real Estate [Member]
Balance, beginning of year	448	660	660
Charge Offs	(1,563)		(617)
Recoveries	59		84
Provision for loan losses	2,480		321
Balance, End of period	1,424		448
Commercial Real Estate [Member] | Real Estate [Member]
Balance, beginning of year	1,386	1,989	1,989
Charge Offs			(334)
Recoveries	16		73
Provision for loan losses	(143)		(342)
Balance, End of period	1,259		1,386
Construction and Land Development [Member] | Real Estate [Member]
Balance, beginning of year	202	191	191
Charge Offs			(96)
Recoveries	34		11
Provision for loan losses	(70)		96
Balance, End of period	166		202
Residential 1-4 Family [Member] | Real Estate [Member]
Balance, beginning of year	2,437	2,400	2,400
Charge Offs	(171)		(290)
Recoveries	168		73
Provision for loan losses	(566)		254
Balance, End of period	1,868		2,437
Multifamily [Member] | Real Estate [Member]
Balance, beginning of year	89	106	106
Charge Offs
Recoveries	30
Provision for loan losses	(17)		(17)
Balance, End of period	102		89
Farmland [Member] | Real Estate [Member]
Balance, beginning of year	287	415	415
Charge Offs	(33)		(58)
Recoveries	8		72
Provision for loan losses	(135)		(142)
Balance, End of period	127		287
Agriculture [Member]
Balance, beginning of year	37	20	20
Charge Offs	(9)
Recoveries	1		1
Provision for loan losses	(5)		16
Balance, End of period	24		37
Consumer Installment Loans [Member]
Balance, beginning of year	172	156	156
Charge Offs	(73)		(75)
Recoveries	57		44
Provision for loan losses	13		47
Balance, End of period	169		172
All Other Loans [Member]
Balance, beginning of year	3	3	3
Charge Offs
Recoveries
Provision for loan losses	5
Balance, End of period	8		3
Unallocated [Member]
Balance, beginning of year	275	$ 256	256
Charge Offs
Recoveries
Provision for loan losses	(272)		19
Balance, End of period	$ 3		$ 275

ALLOWANCE FOR LOAN LOSSES (De_2

ALLOWANCE FOR LOAN LOSSES (Details 1) - USD ($) $ in Thousands	Sep. 30, 2019	Dec. 31, 2018	Dec. 31, 2017
Allowance for Loan Losses, Individually Evaluated for Impairment	$ 221	$ 318
Allowance for Loan Losses, Collectively Evaluated for Impairment	4,929	5,018
Allowance for Loan Losses, Total	5,150	5,336	$ 6,196
Recorded Investment in Loans, Individually Evaluated for Impairment	5,497	7,976
Recorded Investment in Loans, Collectively Evaluated for Impairment	552,677	539,120
Recorded Investment in Loans, Total	558,174	547,096
Real Estate [Member]
Allowance for Loan Losses, Individually Evaluated for Impairment	121	304
Allowance for Loan Losses, Collectively Evaluated for Impairment	3,401	4,097
Allowance for Loan Losses, Total	3,522	4,401
Recorded Investment in Loans, Individually Evaluated for Impairment	4,939	7,860
Recorded Investment in Loans, Collectively Evaluated for Impairment	470,775	453,677
Recorded Investment in Loans, Total	475,714	461,537
Commercial [Member]
Recorded Investment in Loans, Total	51,662	55,157
Commercial [Member] | Real Estate [Member]
Allowance for Loan Losses, Individually Evaluated for Impairment	75	40
Allowance for Loan Losses, Collectively Evaluated for Impairment	1,184	1,346
Allowance for Loan Losses, Total	1,259	1,386
Recorded Investment in Loans, Individually Evaluated for Impairment	2,540	2,322
Recorded Investment in Loans, Collectively Evaluated for Impairment	164,760	138,540
Recorded Investment in Loans, Total	167,300	140,862
Construction and Land Development [Member] | Real Estate [Member]
Allowance for Loan Losses, Individually Evaluated for Impairment
Allowance for Loan Losses, Collectively Evaluated for Impairment	166	202
Allowance for Loan Losses, Total	166	202
Recorded Investment in Loans, Individually Evaluated for Impairment	79	114
Recorded Investment in Loans, Collectively Evaluated for Impairment	29,536	35,005
Recorded Investment in Loans, Total	29,615	35,119
Residential 1-4 Family [Member] | Real Estate [Member]
Allowance for Loan Losses, Individually Evaluated for Impairment	46	132
Allowance for Loan Losses, Collectively Evaluated for Impairment	1,822	2,205
Allowance for Loan Losses, Total	1,868	2,437
Recorded Investment in Loans, Individually Evaluated for Impairment	1,564	3,311
Recorded Investment in Loans, Collectively Evaluated for Impairment	242,709	246,635
Recorded Investment in Loans, Total	244,273	249,946
Multifamily [Member] | Real Estate [Member]
Allowance for Loan Losses, Individually Evaluated for Impairment
Allowance for Loan Losses, Collectively Evaluated for Impairment	102	89
Allowance for Loan Losses, Total	102	89
Recorded Investment in Loans, Individually Evaluated for Impairment		75
Recorded Investment in Loans, Collectively Evaluated for Impairment	13,057	13,421
Recorded Investment in Loans, Total	13,057	13,496
Farmland [Member] | Real Estate [Member]
Allowance for Loan Losses, Individually Evaluated for Impairment		132
Allowance for Loan Losses, Collectively Evaluated for Impairment	127	155
Allowance for Loan Losses, Total	127	287
Recorded Investment in Loans, Individually Evaluated for Impairment	756	2,038
Recorded Investment in Loans, Collectively Evaluated for Impairment	20,713	20,076
Recorded Investment in Loans, Total	21,469	22,114
Commercial Real Estate [Member]
Allowance for Loan Losses, Individually Evaluated for Impairment	100	13
Allowance for Loan Losses, Collectively Evaluated for Impairment	1,324	435
Allowance for Loan Losses, Total	1,424	448	660
Recorded Investment in Loans, Individually Evaluated for Impairment	552	109
Recorded Investment in Loans, Collectively Evaluated for Impairment	51,110	55,048
Recorded Investment in Loans, Total	51,662	55,157
Agriculture [Member]
Allowance for Loan Losses, Individually Evaluated for Impairment
Allowance for Loan Losses, Collectively Evaluated for Impairment	24	37
Allowance for Loan Losses, Total	24	37	20
Recorded Investment in Loans, Individually Evaluated for Impairment
Recorded Investment in Loans, Collectively Evaluated for Impairment	4,839	5,266
Recorded Investment in Loans, Total	4,839	5,266
Consumer Installment Loans [Member]
Allowance for Loan Losses, Individually Evaluated for Impairment		1
Allowance for Loan Losses, Collectively Evaluated for Impairment	169	171
Allowance for Loan Losses, Total	169	172	156
Recorded Investment in Loans, Individually Evaluated for Impairment	6	7
Recorded Investment in Loans, Collectively Evaluated for Impairment	24,215	24,531
Recorded Investment in Loans, Total	24,221	24,538
All Other Loans [Member]
Allowance for Loan Losses, Individually Evaluated for Impairment
Allowance for Loan Losses, Collectively Evaluated for Impairment	8	3
Allowance for Loan Losses, Total	8	3	3
Recorded Investment in Loans, Individually Evaluated for Impairment
Recorded Investment in Loans, Collectively Evaluated for Impairment	1,738	598
Recorded Investment in Loans, Total	1,738	598
Unallocated [Member]
Allowance for Loan Losses, Individually Evaluated for Impairment
Allowance for Loan Losses, Collectively Evaluated for Impairment	3	275
Allowance for Loan Losses, Total	3	275	$ 256
Recorded Investment in Loans, Individually Evaluated for Impairment
Recorded Investment in Loans, Collectively Evaluated for Impairment
Recorded Investment in Loans, Total

TROUBLED DEBT RESTRUCTURINGS (D

TROUBLED DEBT RESTRUCTURINGS (Details) $ in Thousands	9 Months Ended
	Sep. 30, 2019USD ($)Number	Sep. 30, 2018USD ($)Number
# of Loans | Number	1
Pre-Mod. Recorded Investment	$ 281
Post-Mod. Recorded Investment	$ 281
Real Estate [Member]
# of Loans | Number
Pre-Mod. Recorded Investment
Post-Mod. Recorded Investment
Commercial Real Estate [Member] | Real Estate [Member]
# of Loans | Number
Pre-Mod. Recorded Investment
Post-Mod. Recorded Investment
Construction and Land Development [Member] | Real Estate [Member]
# of Loans | Number
Pre-Mod. Recorded Investment
Post-Mod. Recorded Investment
Residential 1-4 Family [Member] | Real Estate [Member]
# of Loans | Number
Pre-Mod. Recorded Investment
Post-Mod. Recorded Investment
Multifamily [Member] | Real Estate [Member]
# of Loans | Number
Pre-Mod. Recorded Investment
Post-Mod. Recorded Investment
Farmland [Member] | Real Estate [Member]
# of Loans | Number	1
Pre-Mod. Recorded Investment	$ 281
Post-Mod. Recorded Investment	$ 281

OTHER REAL ESTATE OWNED (Detail

OTHER REAL ESTATE OWNED (Details) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018
Real Estate [Abstract]
Balance, beginning of period	$ 5,937	$ 6,859
Additions	492	1,719
Proceeds from sales	(1,155)	(1,405)
Proceeds from insurance claims	(19)
Loans made to finance sales	(647)	(569)
Adjustment of carrying value	(214)	(542)
Deferred gain from sales		10
Losses from sales	(55)	(135)
Balance, end of period	$ 4,339	$ 5,937

FAIR VALUES (Details)

FAIR VALUES (Details) - Fair Value, Inputs, Level 2 [Member] - USD ($) $ in Thousands	9 Months Ended	12 Months Ended
	Sep. 30, 2019	Dec. 31, 2018
Impaired Loans	$ 53,478	$ 59,407
Fair Value, Measurements, Recurring [Member] | U.S. Government Agencies [Member]
Available for sale investments	16,581	19,389
Fair Value, Measurements, Recurring [Member] | Taxable Municipals
Available for sale investments	4,491	4,313
Fair Value, Measurements, Recurring [Member] | Corporate Bonds
Available for sale investments	5,531	5,320
Fair Value, Measurements, Recurring [Member] | Mortgage Backed Securities [Member]
Available for sale investments	$ 26,875	$ 30,385

FAIR VALUES (Details 1)

FAIR VALUES (Details 1) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2019	Dec. 31, 2018
Fair Value	$ 9,623	$ 13,595
Other Real Estate Owned
Fair Value	$ 4,339	5,937
Valuation Technique	Appraised Value/Comparable Sales/Other Estimates from Independent Sources
Significant Unobservable Inputs	Discounts to reflect current market conditions and estimated costs to sell
Impaired Loans
Fair Value	$ 5,284	$ 7,658
Valuation Technique	Appraised Value/Discounted Cash Flows/Market Value of Note
Significant Unobservable Inputs	Discounts to reflect current market conditions, ultimate collectability, and estimated costs to sell
Minimum [Member] | Other Real Estate Owned
General Range of Significant Unobservable Input Values	0.00%
Minimum [Member] | Impaired Loans
General Range of Significant Unobservable Input Values	0.00%
Maximum [Member] | Other Real Estate Owned
General Range of Significant Unobservable Input Values	18.00%
Maximum [Member] | Impaired Loans
General Range of Significant Unobservable Input Values	18.00%

FAIR VALUES (Details 2)

FAIR VALUES (Details 2) - USD ($) $ in Thousands	9 Months Ended	12 Months Ended
	Sep. 30, 2019	Dec. 31, 2018
Net Loans	$ 553,024	$ 541,760
Reported Value Measurement [Member]
Net Loans	558,174	541,760
Time deposits	256,550	258,850
FHLB advances	5,000	7,000
Trust Preferred Securities	16,496	16,496
Estimate of Fair Value Measurement [Member]
Net Loans	545,837	534,425
Time deposits	255,911	258,671
FHLB advances	5,060	7,215
Trust Preferred Securities	13,586	14,425
Fair Value, Inputs, Level 2 [Member]
Net Loans	540,553	526,767
Time deposits	260,922	258,671
FHLB advances	5,060	7,215
Trust Preferred Securities	13,586	14,425
Fair Value, Inputs, Level 3 [Member]
Net Loans	5,284	7,658
Trust Preferred Securities

SALE AND LEASEBACK TRANSACTIO_3

SALE AND LEASEBACK TRANSACTIONS (Details) $ in Thousands	Sep. 30, 2019USD ($)
Leases [Abstract]
2019	$ 137
2020	534
2021	511
2022	530
2023	544
Thereafter	5,070
Total lease payments	7,326
Less imputed interest	1,393
Total	$ 5,933

REVENUE FROM CONTRACTS WITH C_3

REVENUE FROM CONTRACTS WITH CUSTOMERS (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Revenue from Contract with Customer [Abstract]
Service charges and fees	$ 947	$ 942	$ 2,660	$ 2,728
Card processing and interchange income	800	720	2,276	2,109
Insurance and investment fees	158	129	481	382
Other noninterest income	950	126	1,184	319
Total Noninterest Income	$ 2,855	$ 1,917	$ 6,601	$ 5,538

NONINTEREST EXPENSES (Details)

NONINTEREST EXPENSES (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Noninterest Expenses
Advertising	$ 82	$ 79	$ 233	$ 340
ATM network expense	488	430	1,389	1,272
Legal and professional fees	321	284	1,023	1,057
Loan related expenses	194	150	484	480
Printing and supplies	39	46	116	248
FDIC insurance premiums	(3)	98	210	279
Other real estate owned, net	99	411	525	772
Other	572	501	1,670	1,840
Total other operating expenses	$ 1,792	$ 1,999	$ 5,650	$ 6,288