South Plains Financial (SPFI) 10-Q 14 Aug 20 2020 Q2 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	6 Months Ended
	Jun. 30, 2020	Aug. 14, 2020
Cover [Abstract]
Entity Registrant Name	SOUTH PLAINS FINANCIAL, INC.
Entity Central Index Key	0001163668
Current Fiscal Year End Date	--12-31
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Shell Company	false
Entity Filer Category	Non-accelerated Filer
Entity Small Business	true
Entity Emerging Growth Company	true
Entity Ex Transition Period	false
Entity Common Stock, Shares Outstanding		18,059,174
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Jun. 30, 2020
Document Fiscal Year Focus	2020
Document Fiscal Period Focus	Q2
Entity Address, State or Province	TX

CONSOLIDATED BALANCE SHEETS (Un

CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($) $ in Thousands	Jun. 30, 2020	Dec. 31, 2019
ASSETS
Cash and due from banks	$ 51,256	$ 56,246
Interest-bearing deposits in banks	204,845	101,853
Cash and cash equivalents	256,101	158,099
Securities available for sale	730,674	707,650
Loans held for sale	92,774	49,035
Loans held for investment	2,331,716	2,143,623
Allowance for loan losses	(40,635)	(24,197)
Accrued interest receivable	13,598	13,924
Premises and equipment, net	61,883	61,873
Bank-owned life insurance	70,071	69,397
Goodwill	19,968	18,757
Intangible assets	8,446	8,632
Mortgage servicing rights	3,776	2,054
Other assets	36,160	28,320
Total assets	3,584,532	3,237,167
Deposits:
Noninterest-bearing	940,853	790,921
Interest-bearing	2,006,984	1,905,936
Total deposits	2,947,837	2,696,857
Short-term borrowings	9,565	37,165
Accrued expenses and other liabilities	47,731	29,098
Notes payable & other borrowings	170,000	95,000
Subordinated debt securities	26,472	26,472
Junior subordinated deferrable interest debentures	46,393	46,393
Total liabilities	3,247,998	2,930,985
Stockholders' equity:
Common stock, $1.00 par value per share, 30,000,000 shares authorized; 18,059,174 and 18,036,115 issued and outstanding at June 30, 2020 and December 31, 2019, respectively	18,059	18,036
Additional paid-in capital	140,620	140,492
Retained earnings	158,311	146,696
Accumulated other comprehensive income	19,544	958
Total stockholders' equity	336,534	306,182
Total liabilities and stockholders' equity	$ 3,584,532	$ 3,237,167

CONSOLIDATED BALANCE SHEETS (_2

CONSOLIDATED BALANCE SHEETS (Unaudited) (Parenthetical) - $ / shares	Jun. 30, 2020	Dec. 31, 2019
Stockholders' equity:
Common stock, par value (in dollars per share)	$ 1	$ 1
Common stock, shares authorized (in shares)	30,000,000	30,000,000
Common stock, shares issued (in shares)	18,059,174	18,036,115
Common stock, shares outstanding (in shares)	18,059,174	18,036,115

CONSOLIDATED STATEMENTS OF COMP

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (Unaudited) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Interest income:
Loans, including fees	$ 29,861	$ 28,592	$ 60,876	$ 56,690
Securities:
Taxable	3,170	1,816	6,950	3,992
Non taxable	942	218	1,338	443
Federal funds sold and interest-bearing deposits in banks	34	1,883	580	3,388
Total interest income	34,007	32,509	69,744	64,513
Interest expense:
Deposits	2,760	6,139	7,043	12,028
Notes payable & other borrowings	102	618	552	1,268
Subordinated debt securities	403	403	807	809
Junior subordinated deferrable interest debentures	294	512	695	1,025
Total interest expense	3,559	7,672	9,097	15,130
Net interest income	30,448	24,837	60,647	49,383
Provision for loan losses	13,133	875	19,367	1,483
Net interest income, after provision for loan losses	17,315	23,962	41,280	47,900
Noninterest income:
Service charges on deposit accounts	1,439	1,979	3,422	3,884
Income from insurance activities	1,022	1,210	2,181	2,960
Net gain on sales of loans	17,797	6,235	26,337	10,895
Bank card services and interchange fees	2,344	2,071	4,582	4,081
Realized gain on sale of securities	0	0	2,318	0
Investment commissions	365	493	820	826
Fiduciary fees	776	367	1,605	743
Other	1,153	1,348	2,506	2,389
Total noninterest income	24,896	13,703	43,771	25,778
Noninterest expense:
Salaries and employee benefits	21,621	18,784	42,431	37,909
Occupancy and equipment, net	3,586	3,416	7,186	6,823
Professional services	1,961	1,611	3,533	3,317
Marketing and development	806	796	1,574	1,513
IT and data services	1,079	689	1,926	1,382
Bank card expenses	1,017	806	2,069	1,530
Appraisal expenses	638	407	1,093	730
Other	4,499	3,421	9,406	6,762
Total noninterest expense	35,207	29,930	69,218	59,966
Income before income taxes	7,004	7,735	15,833	13,712
Income tax expense (benefit)	1,389	1,655	3,135	2,859
Net income	$ 5,615	$ 6,080	$ 12,698	$ 10,853
Earnings per share:
Basic (in dollars per share)	$ 0.31	$ 0.37	$ 0.70	$ 0.69
Diluted (in dollars per share)	$ 0.31	$ 0.37	$ 0.69	$ 0.69
Net income	$ 5,615	$ 6,080	$ 12,698	$ 10,853
Other comprehensive income (loss):
Change in net unrealized loss on securities available for sale	6,813	4,410	28,002	7,317
Change in net losses on cash flow hedges	(931)	0	(2,158)	0
Reclassification adjustment for (gain) loss included in net income	0	0	(2,318)	0
Tax effect	(1,235)	(926)	(4,940)	(1,537)
Other comprehensive income (loss)	4,647	3,484	18,586	5,780
Comprehensive income	$ 10,262	$ 9,564	$ 31,284	$ 16,633

CONSOLIDATED STATEMENTS OF CHAN

CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS' EQUITY (Unaudited) - USD ($) $ in Thousands	Common Stock [Member]	Additional Paid-in Capital [Member]	Retained Earnings [Member]	Accumulated Other Comprehensive Income (Loss) [Member]	Treasury Stock [Member]	Less: ESOP Owned Shares [Member]	Total
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Cumulative change in accounting principle	$ 0	$ 0	$ (1,279)	$ 0	$ 0	$ 0	$ (1,279)
Balance at Dec. 31, 2018	$ 14,772	80,412	119,834	(2,243)	0	(58,195)	154,580
Balance (in shares) at Dec. 31, 2018	14,771,520
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Issuance of common stock, net	$ 3,207	48,185	0	0	0	0	51,392
Issuance of common stock, net (in shares)	3,207,000
Net income	$ 0	0	10,853	0	0	0	10,853
Other comprehensive income (loss), (net of tax)	0	0	0	5,780	0	0	5,780
Terminated ESOP put option	0	0	0	0	0	58,195	58,195
Stock-based compensation	0	142	0	0	0	0	142
Share-based liability awards modified to equity awards	0	11,450	0	0	0	0	11,450
Balance at Jun. 30, 2019	$ 17,979	140,189	129,408	3,537	0	0	291,113
Balance (in shares) at Jun. 30, 2019	17,978,520
Balance at Mar. 31, 2019	$ 14,772	80,412	123,328	53	0	(58,195)	160,370
Balance (in shares) at Mar. 31, 2019	14,771,520
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Issuance of common stock, net	$ 3,207	48,185	0	0	0	0	51,392
Issuance of common stock, net (in shares)	3,207,000
Net income	$ 0	0	6,080	0	0	0	6,080
Other comprehensive income (loss), (net of tax)	0	0	0	3,484	0	0	3,484
Terminated ESOP put option	0	0	0	0	0	58,195	58,195
Stock-based compensation	0	142	0	0	0	0	142
Share-based liability awards modified to equity awards	0	11,450	0	0	0	0	11,450
Balance at Jun. 30, 2019	$ 17,979	140,189	129,408	3,537	0	0	291,113
Balance (in shares) at Jun. 30, 2019	17,978,520
Balance at Dec. 31, 2019	$ 18,036	140,492	146,696	958	0	0	$ 306,182
Balance (in shares) at Dec. 31, 2019	18,036,115						18,036,115
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	$ 0	0	12,698	0	0	0	$ 12,698
Cash dividends, common	0	0	(1,083)	0	0	0	(1,083)
Other comprehensive income (loss), (net of tax)	0	0	0	18,586	0	0	18,586
Exercise of employee stock options and vesting of restricted stock units	$ 28	(157)	0	0	0	0	(129)
Exercise of employee stock options and vesting of restricted stock units (in shares)	27,759
Purchase of treasury stock	$ 0	0	0	0	(61)	0	(61)
Extinguish treasury stock	(5)	(56)	0	0	61	0	$ 0
Extinguish treasury stock (in shares)							(4,700)
Stock-based compensation	0	341	0	0	0	0	$ 341
Balance at Jun. 30, 2020	$ 18,059	140,620	158,311	19,544	0	0	$ 336,534
Balance (in shares) at Jun. 30, 2020	18,059,174						18,059,174
Balance at Mar. 31, 2020	$ 18,056	140,699	153,238	14,897	0	0	$ 326,890
Balance (in shares) at Mar. 31, 2020	18,056,014
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	$ 0	0	5,615	0	0	0	5,615
Cash dividends, common	0	0	(542)	0	0	0	(542)
Other comprehensive income (loss), (net of tax)	0	0	0	4,647	0	0	4,647
Exercise of employee stock options and vesting of restricted stock units	$ 8	(54)	0	0	0	0	(46)
Exercise of employee stock options and vesting of restricted stock units (in shares)	7,860
Purchase of treasury stock	$ 0	0	0	0	(61)	0	(61)
Extinguish treasury stock	(5)	(56)	0	0	61	0	$ 0
Extinguish treasury stock (in shares)							(4,700)
Stock-based compensation	0	31	0	0	0	0	$ 31
Balance at Jun. 30, 2020	$ 18,059	$ 140,620	$ 158,311	$ 19,544	$ 0	$ 0	$ 336,534
Balance (in shares) at Jun. 30, 2020	18,059,174						18,059,174

CONSOLIDATED STATEMENTS OF CH_2

CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS' EQUITY (Unaudited) (Parenthetical) - $ / shares	3 Months Ended	6 Months Ended
	Jun. 30, 2020	Jun. 30, 2020
CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS' EQUITY (Unaudited) [Abstract]
Cash dividends, common (in dollars per share)	$ 0.03	$ 0.03
Exercise of employee stock options, shares for cashless exercise (in shares)	16,518	17,178
Exercise of employee stock options, shares for taxes (in shares)	2,622	7,608

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019
Cash flows from operating activities:
Net income	$ 12,698	$ 10,853
Adjustments to reconcile net income to net cash from operating activities:
Provision for loan losses	19,367	1,483
Depreciation and amortization	3,257	2,474
Accretion and amortization	1,130	(296)
Other gains, net	(2,441)	(149)
Net gain on sales of loans	(26,337)	(10,895)
Proceeds from sales of loans held for sale	567,294	274,021
Loans originated for sale	(584,696)	(263,676)
Earnings on bank-owned life insurance	(674)	(622)
Stock based compensation	341	142
Net change in:
Accrued interest receivable and other assets	(16,859)	45
Accrued expenses and other liabilities	18,340	8,279
Net cash from operating activities	(8,580)	21,659
Activity in securities available for sale:
Purchases	(121,254)	(11,233)
Sales	94,514	0
Maturities, prepayments, and calls	30,588	93,478
Loan originations and principal collections, net	(193,060)	19,940
Cash paid for acquisition	(687)	0
Purchases of premises and equipment, net	(2,402)	(2,406)
Proceeds from sales of premises and equipment	87	74
Proceeds from sales of foreclosed assets	1,689	1,244
Net cash from investing activities	(190,525)	101,097
Cash flows from financing activities:
Net change in deposits	250,980	4,404
Net change in short-term borrowings	(27,600)	(8,895)
Proceeds from common stock issuance, net	0	51,392
Proceeds from notes payable & other borrowings	75,000	0
Payments to tax authorities for stock-based compensation	(129)	0
Payments made on notes payable and other borrowings	0	(7,530)
Cash dividends on common stock	(1,083)	0
Purchase of treasury stock	(61)	0
Net cash from financing activities	297,107	39,371
Net change in cash and cash equivalents	98,002	162,127
Beginning cash and cash equivalents	158,099	245,989
Ending cash and cash equivalents	256,101	408,116
Supplemental disclosures of cash flow information:
Interest paid on deposits and borrowed funds	9,623	14,866
Income taxes paid	0	2,853
Supplemental schedule of noncash investing and financing activities:
Loans transferred to foreclosed assets	1,088	1,166
Share-based liability awards modified to equity awards	$ 0	$ 11,450

SUMMARY OF SIGNIFICANT ACCOUNTI

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	6 Months Ended
	Jun. 30, 2020
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES [Abstract]
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	1. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Nature of Operations Wholly Owned, Consolidated Subsidiaries: City Bank Bank subsidiary Windmark Insurance Agency, Inc. (“Windmark”) Non-bank subsidiary Ruidoso Retail, Inc. Non-bank subsidiary CB Provence, LLC Non-bank subsidiary CBT Brushy Creek, LLC Non-bank subsidiary CBT Properties, LLC Non-bank subsidiary Wholly Owned, Equity Method Subsidiaries: South Plains Financial Capital Trusts (SPFCT) III-V Non-bank subsidiaries Basis of Presentation and Consolidation The interim consolidated financial statements in this Form 10-Q have not been audited by an independent registered public accounting firm, but in the opinion of management, reflect all adjustments necessary for a fair presentation of the Company’s financial position and results of operations. All such adjustments were of a normal and recurring nature. The consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America (“GAAP”) for interim financial information and with the instructions to Form 10-Q adopted by the Securities and Exchange Commission (“SEC”). Accordingly, the financial statements do not include all of the information and footnotes required by GAAP for complete financial statements and should be read in conjunction with the Company’s audited consolidated financial statements, and notes thereto in the Company’s Annual Report on Form 10-K for the year ended December 31, 2019. Operating results for the interim periods disclosed herein are not necessarily indicative of the results that may be expected for a full year or any future period. Use of Estimates Change in Capital Structure On March 11, 2019, the Company amended and restated its Certificate of Formation. The Amended and Restated Certificate of Formation increased the number of authorized shares of common stock, par value $1.00 per share, from 1,000,000 to 30,000,000. The Company completed a 29-to-1 stock split of the Company’s outstanding shares of common stock for shareholders of record as of March 11, 2019. The stock split was payable in the form of a dividend on or about March 11, 2019. Shareholders received 29 additional shares for each share held as of the record date. All share and per share amounts in the consolidated financial statements have been retroactively adjusted to reflect this stock split for all periods presented. Loans Loans are placed on nonaccrual status when, in management’s opinion, collection of interest is unlikely, which typically occurs when principal or interest payments are more than ninety days past due. When interest accrual is discontinued, all unpaid accrued interest is reversed against interest income. The interest on these loans is accounted for on the cash-basis or cost-recovery method, until qualifying for return to accrual. Loans are returned to accrual status when all the principal and interest amounts contractually due are brought current and future payments are reasonably assured. Allowance for Loan Losses The allowance for loan losses is evaluated on a quarterly basis by management and is based upon management’s review of the collectibility of the loans in light of historical experience, the nature and volume of the loan portfolio, adverse situations that may affect the borrower’s ability to repay, estimated value of any underlying collateral, and prevailing economic conditions. This evaluation is inherently subjective, as it requires estimates that are susceptible to significant revision as more information becomes available. The determination of the adequacy of the allowance for loan losses is based on estimates that are particularly susceptible to significant changes in the economic environment and market conditions. In connection with the determination of the estimated losses on loans, management obtains independent appraisals for significant collateral. Loans originated by the bank subsidiary are generally secured by specific items of collateral including real property, crops, livestock, consumer assets, and other business assets. While management uses available information to recognize losses on loans, further reductions in the carrying amounts of loans may be necessary based on various factors. In addition, regulatory agencies, as an integral part of their examination process, periodically review the estimated losses on loans. Such agencies may require the bank subsidiary to recognize additional losses based on their judgments about information available to them at the time of their examination. Because of these factors, it is reasonably possible that the estimated losses on loans may change materially in the near term. However, the amount of the change that is reasonably possible cannot be estimated. A loan is considered impaired when, based on current information and events, it is probable that the Company will be unable to collect the scheduled payments of principal or interest when due according to the contractual terms of the loan agreement. All loans rated substandard or worse and greater than $250,000 are specifically reviewed to determine if they are impaired. Factors considered by management in determining whether a loan is impaired include payment status and the sources, amounts, and probabilities of estimated cash flow available to service debt in relation to amounts due according to contractual terms. Loans that experience insignificant payment delays and payment shortfalls generally are not classified as impaired. Management determines the significance of payment delays and payment shortfalls on a case-by-case basis, taking into consideration all of the circumstances surrounding the loan and the borrower, including the length of the delay, the reasons for the delay, the borrower’s prior payment record, and the amount of the shortfall in relation to the principal and interest owed. Loans that are determined to be impaired are then evaluated to determine estimated impairment, if any. GAAP allows impairment to be measured on a loan-by-loan basis by either the present value of expected future cash flows discounted at the loan’s effective interest rate, the loan’s obtainable market price, or the fair value of the collateral if the loan is collateral dependent. Loans that are not individually determined to be impaired or are not subject to the specific review of impaired status are subject to the general valuation allowance portion of the allowance for loan loss. The Company may modify its loan agreement with a borrower. The modification will be considered a troubled debt restructuring if the following criteria are met: (1) the borrower is experiencing a financial difficulty and (2) the Company makes a concession that it would not otherwise make. Concessions may include debt forgiveness, interest rate change, or maturity extension. Each of these loans is impaired and is evaluated for impairment, with a specific reserve recorded as necessary based on probable losses related to collateral and cash flow. A loan will no longer be required to be reported as restructured in calendar years following the restructure if the interest rate at the time of restructure is greater than or equal to the rate the Company was willing to accept for a new extension of credit with similar risk and the loan is in compliance with its modified terms. Acquired Loans The excess of cash flows expected at acquisition over the estimated fair value is referred to as the accretable discount and is recognized into interest income over the remaining life of the loan. The difference between contractually required payments at acquisition and the cash flows expected to be collected at acquisition is referred to as the nonaccretable discount. These loans are accounted for under ASC 310-30, Loans and Debt Securities Acquired with Deteriorated Credit Quality. Loans acquired through business combinations that meet the specific criteria of ASC 310-30 are individually evaluated each period to analyze expected cash flows. To the extent that the expected cash flows of a loan have decreased due to credit deterioration, the Company then establishes an allowance. Loans acquired through business combinations that do not meet the specific criteria of ASC 310-30 are accounted for under ASC 310-20. These loans are initially recorded at fair value, and include credit and interest rate marks associated with acquisition accounting adjustments. Purchase premiums or discounts are subsequently amortized as an adjustment to yield over the estimated contractual lives of the loans. There is no allowance for loan losses established at the acquisition date for acquired performing loans. An allowance for loan losses is recorded for any credit deterioration in these loans subsequent to acquisition. Acquired loans that met the criteria for impaired or nonaccrual of interest prior to the acquisition may be considered performing upon acquisition, regardless of whether the customer is contractually delinquent, if the Company expects to fully collect the new carrying value (i.e. fair value) of the loans. As such, the Company may no longer consider the loan to be nonaccrual or nonperforming at the date of acquisition and may accrue interest on these loans, including the impact of any accretable discount. In addition, charge-offs on such loans would be first applied to the nonaccretable difference portion of the fair value adjustment. Goodwill and Other Intangible Assets Core deposit intangible (“CDI”) is a measure of the value of checking and savings deposit relationships acquired in a business combination. The fair value of the CDI stemming from any given business combination is based on the present value of the expected cost savings attributable to the core deposit funding relative to an alternative source of funding. CDI is amortized over the estimated useful lives of the existing deposit relationships acquired, but does not exceed 10 years. Significantly all CDI is amortized using the sum of the years digits method. The remaining other intangible assets consist of customer relationship and employment agreement intangible assets and are amortized over their estimated useful lives of 5 years. Stock-based Compensation Reclassification Recent Accounting Pronouncements Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (“ASC”) ASU 2016-02 Leases (Topic 842). ASU 2016-13 Financial Instruments - Credit Losses (Topic 326). ASU 2017-04, Intangibles - Goodwill and Other (Topic 350). This ASU simplifies the accounting for goodwill impairment for all entities by The Company elected to early adopt ASU 2017-04 on January 1, 2020, and it did not have a significant impact on its financial statements. The Company’s policy is to test goodwill for impairment annually or on an interim basis if an event triggering impairment may have occurred. During the period ended , the economic disruption and uncertainty surrounding the ongoing COVID-19 pandemic and the recent volatility in the market price of crude oil resulted in a decrease in the Company’s stock price. The Company believed this resulted in a triggering event requiring an interim goodwill impairment quantitative analysis. Under the new simplified guidance, the Company’s estimated fair value as of , exceeded its carrying amount resulting in no impairment charge for the period. Management will continue to evaluate the economic conditions at future reporting periods for applicable changes Subsequent Events

SECURITIES

SECURITIES	6 Months Ended
	Jun. 30, 2020
SECURITIES [Abstract]
SECURITIES	2. SECURITIES The amortized cost and fair value of securities, with gross unrealized gains and losses, at period-end follow: Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Fair Value June 30, 2020 Available for sale: U.S. government and agencies $ 4,750 $ 66 $ — $ 4,816 State and municipal 214,576 9,474 (18 ) 224,032 Mortgage-backed securities 343,716 14,588 — 358,304 Collateralized mortgage obligations 107,319 243 — 107,562 Asset-backed and other amortizing securities 33,416 2,544 — 35,960 $ 703,777 $ 26,915 $ (18 ) $ 730,674 Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Fair Value December 31, 2019 Available for sale: U.S. government and agencies $ 4,750 $ 57 $ — $ 4,807 State and municipal 94,512 1,091 (911 ) 94,692 Mortgage-backed securities 463,899 3,727 (3,110 ) 464,516 Collateralized mortgage obligations 107,443 15 (169 ) 107,289 Asset-backed and other amortizing securities 35,833 522 (9 ) 36,346 $ 706,437 $ 5,412 $ (4,199 ) $ 707,650 The amortized cost and fair value of securities at June 30, 2020 are presented below by contractual maturity. Expected maturities may differ from contractual maturities because issuers may have the right to call or prepay obligations. Other securities are shown separately since they are not due at a single maturity date. Available for Sale Amortized Cost Fair Value Within 1 year $ 6,267 $ 6,343 After 1 year through 5 years — — After 5 years through 10 years 15,672 16,456 After 10 years 197,387 206,050 Other 484,451 501,825 $ 703,777 $ 730,674 At both June 30, 2020 and December 31, 2019, there were no holdings of securities of any one issuer, other than the U.S. government and its agencies, in an amount greater than 10% of stockholders’ equity. Securities with a carrying value of approximately $268.0 million and $211.0 million at June 30, 2020 and December 31, 2019, respectively, were pledged to collateralize public deposits and for other purposes as required or permitted by law. The following table segregates securities with unrealized losses at the periods indicated, by the duration they have been in a loss position: Less than 12 Months 12 Months or More Total Fair Value Unrealized Loss Fair Value Unrealized Loss Fair Value Unrealized Loss June 30, 2020 U.S. government and agencies $ — $ — $ — $ — $ — $ — State and municipal 4,742 18 — — 4,742 18 Mortgage-backed securities — — — — — — Collateralized mortgage obligations — — — — — — Asset-backed and other amortizing securities — — — — — — $ 4,742 $ 18 $ — $ — $ 4,742 $ 18 December 31, 2019 U.S. government and agencies $ — $ — $ — $ — $ — $ — State and municipal 58,389 910 387 1 58,776 911 Mortgage-backed securities 284,120 3,070 4,661 40 288,781 3,110 Collateralized mortgage obligations 60,039 169 — — 60,039 169 Asset-backed and other amortizing securities 2,661 9 — — 2,661 9 $ 405,209 $ 4,158 $ 5,048 $ 41 $ 410,257 $ 4,199 There were two securities with an unrealized loss at June 30, 2020. Management does not believe that these losses are other than temporary as there is no intent to sell any of these securities before recovery and it is not probable that we will be required to sell any of these securities before recovery, and credit loss, if any, is not material. Any unrealized losses are largely due to increases in market interest rates over the yields available at the time the underlying securities were purchased. The fair value is expected to recover as the securities approach their maturity date or if market yields for such investments decline. Management does not believe any of the securities are impaired due to reasons of credit quality. Accordingly, as of June 30, 2020, management believes the impairments detailed in the table above are temporary and no impairment loss has been realized in the Company’s consolidated financial statements.

LOANS HELD FOR INVESTMENT

LOANS HELD FOR INVESTMENT	6 Months Ended
	Jun. 30, 2020
LOANS HELD FOR INVESTMENT [Abstract]
LOANS HELD FOR INVESTMENT	3. LOANS HELD FOR INVESTMENT Loans held for investment are summarized by category as of the periods presented below: June 30, 2020 December 31, 2019 Commercial real estate $ 655,906 $ 658,195 Commercial - specialized 325,942 309,505 Commercial - general 620,905 441,398 Consumer: 1-4 family residential 360,308 362,796 Auto loans 202,263 215,209 Other consumer 69,754 74,000 Construction 96,638 82,520 2,331,716 2,143,623 Allowance for loan losses (40,635 ) (24,197 ) Loans, net $ 2,291,081 $ 2,119,426 The Company has certain lending policies, underwriting standards, and procedures in place that are designed to maximize loan income with an acceptable level of risk. Management reviews and approves these policies, underwriting standards, and procedures on a regular basis and makes changes as appropriate. Management receives frequent reports related to loan originations, quality, concentrations, delinquencies, non-performing, and potential problem loans. Diversification in the loan portfolio is a means of managing risk associated with fluctuations in economic conditions, both by type of loan and geography. Commercial – General and Specialized Commercial Real Estate Construction Consumer The allowance for loan losses was $40.6 million at June 30, 2020, compared to $24.2 million at December 31, 2019. The allowance for loan losses to loans held for investment was 1.74% at June 30, 2020 and 1.13% at December 31, 2019. The increase in the allowance for loan losses in the second quarter of 2020 compared to the second quarter of 2019 is a result of economic effects from the ongoing COVID-19 pandemic as well as the decline in oil and gas prices that started in the first quarter of 2020. The increase in the provision for loan losses in the second quarter 2020 compared to the first quarter 2020 is a result of a further worsening of the economy and continued uncertainty from the ongoing COVID-19 pandemic. The full extent of the impact of the COVID-19 pandemic on the economy and the Company’s customers is still unknown at this time. Accordingly, additional provisions for loan losses may be necessary in future periods. The following table details the activity in the allowance for loan losses. Allocation of a portion of the allowance to one category of loans does not preclude its availability to absorb losses in other categories. Beginning Balance Provision for Loan Losses Charge-offs Recoveries Ending Balance For the three months ended June 30, 2020 Commercial real estate $ 7,192 $ 7,856 $ — $ 108 $ 15,156 Commercial - specialized 4,555 2,872 (836 ) 23 6,614 Commercial - general 7,980 1,773 (532 ) 72 9,293 Consumer: 1-4 family residential 2,744 181 — 1 2,926 Auto loans 4,312 (168 ) (262 ) 57 3,939 Other consumer 1,639 205 (383 ) 179 1,640 Construction 652 414 — 1 1,067 Total $ 29,074 $ 13,133 $ (2,013 ) $ 441 $ 40,635 For the three months ended June 30, 2019 Commercial real estate $ 5,335 $ (28 ) $ — $ 108 $ 5,415 Commercial - specialized 2,327 985 (5 ) 39 3,346 Commercial - general 8,504 (324 ) (60 ) 205 8,325 Consumer: 1-4 family residential 2,416 (127 ) — 21 2,310 Auto loans 3,067 202 (248 ) 46 3,067 Other consumer 1,174 216 (233 ) 42 1,199 Construction 558 (49 ) — — 509 Total $ 23,381 $ 875 $ (546 ) $ 461 $ 24,171 Beginning Balance Provision for Loan Losses Charge-offs Recoveries Ending Balance For the six months ended June 30, 2020 Commercial real estate $ 5,049 $ 9,892 $ — $ 215 $ 15,156 Commercial - specialized 2,287 5,090 (850 ) 87 6,614 Commercial - general 9,609 975 (1,380 ) 89 9,293 Consumer: 1-4 family residential 2,093 832 — 1 2,926 Auto loans 3,385 1,149 (704 ) 109 3,939 Other consumer 1,341 796 (749 ) 252 1,640 Construction 433 633 — 1 1,067 Total $ 24,197 $ 19,367 $ (3,683 ) $ 754 $ 40,635 For the six months ended June 30, 2019 Commercial real estate $ 5,579 $ (379 ) $ — $ 215 $ 5,415 Commercial - specialized 2,516 804 (37 ) 63 3,346 Commercial - general 8,173 (60 ) (65 ) 277 8,325 Consumer: 1-4 family residential 2,249 28 (19 ) 52 2,310 Auto loans 2,994 500 (506 ) 79 3,067 Other consumer 1,192 429 (513 ) 91 1,199 Construction 423 161 (75 ) — 509 Total $ 23,126 $ 1,483 $ (1,215 ) $ 777 $ 24,171 The following table shows the Company’s investment in loans disaggregated based on the method of evaluating impairment: Recorded Investment Allowance for Loan Losses Individually Evaluated Collectively Evaluated Individually Evaluated Collectively Evaluated June 30, 2020 Commercial real estate $ 4,379 $ 651,527 $ 560 $ 14,596 Commercial - specialized 1,074 324,868 190 6,424 Commercial - general 878 620,027 126 9,167 Consumer: 1-4 family residential 1,837 358,471 — 2,926 Auto loans — 202,263 — 3,939 Other consumer — 69,754 — 1,640 Construction — 96,638 — 1,067 Total $ 8,168 $ 2,323,548 $ 876 $ 39,759 December 31, 2019 Commercial real estate $ 299 $ 657,896 $ — $ 5,049 Commercial - specialized 573 308,932 — 2,287 Commercial - general 1,396 440,002 525 9,084 Consumer: 1-4 family residential 1,899 360,897 — 2,093 Auto loans — 215,209 — 3,385 Other consumer — 74,000 — 1,341 Construction — 82,520 — 433 Total $ 4,167 $ 2,139,456 $ 525 $ 23,672 Impaired loan information follows: Unpaid Contractual Principal Balance Recorded Investment With No Allowance Recorded Investment With Allowance Total Recorded Investment Related Allowance Average Recorded Investment June 30, 2020 Commercial real estate $ 4,379 $ 1,898 $ 2,481 $ 4,379 $ 560 $ 2,719 Commercial - specialized 1,074 617 457 1,074 190 1,210 Commercial - general 878 385 493 878 126 1,526 Consumer: — 1-4 family 2,256 1,837 — 1,837 — 2,012 Auto loans — — — — — — Other consumer — — — — — — Construction — — — — — — Total $ 8,587 $ 4,737 $ 3,431 $ 8,168 $ 876 $ 7,467 December 31, 2019 Commercial real estate $ 754 $ 299 $ — $ 299 $ — $ 1,059 Commercial - specialized 573 573 — 573 — 1,345 Commercial - general 1,839 — 1,396 1,396 525 2,173 Consumer: — 1-4 family 2,318 1,899 — 1,899 — 2,187 Auto loans — — — — — — Other consumer — — — — — — Construction — — — — — — Total $ 5,484 $ 2,771 $ 1,396 $ 4,167 $ 525 $ 6,764 All impaired loans $250,000 and greater were specifically evaluated for impairment. Interest income recognized using a cash-basis method on impaired loans for the six-month period ended June 30, 2020 and the year ended December 31, 2019 was not significant. Additional funds committed to be advanced on impaired loans are not significant. The table below provides an age analysis on accruing past-due loans and nonaccrual loans: 30-89 Days Past Due 90 Days or More Past Due Nonaccrual June 30, 2020 Commercial real estate $ 10,659 $ — $ 4,424 Commercial - specialized 56 283 795 Commercial - general 179 150 1,301 Consumer: 1-4 Family residential 1,401 2,539 821 Auto loans 324 62 — Other consumer 723 42 55 Construction 186 — — Total $ 13,528 $ 3,076 $ 7,396 December 31, 2019 Commercial real estate $ 37 $ 116 $ 162 Commercial - specialized 708 — 1,172 Commercial - general 1,747 — 2,254 Consumer: 1-4 Family residential 1,212 932 1,105 Auto loans 1,468 183 — Other consumer 848 121 — Construction 1,159 — — Total $ 7,179 $ 1,352 $ 4,693 The Company grades its loans on a thirteen-point grading scale. These grades fit in one of the following categories: (i) pass, (ii) special mention, (iii) substandard, (iv) doubtful, or (v) loss. Loans categorized as loss are charged-off immediately. The grading of loans reflect a judgment about the risks of default associated with the loan. The Company reviews the grades on loans as part of our on-going monitoring of the credit quality of our loan portfolio. Pass loans have financial factors or nature of collateral that are considered reasonable credit risks in the normal course of lending and encompass several grades that are assigned based on varying levels of risk, ranging from credits that are secured by cash or marketable securities, to watch credits which have all the characteristics of an acceptable credit risk but warrant more than the normal level of monitoring. Special mention loans have potential weaknesses that deserve management’s close attention. If left uncorrected, these potential weaknesses may result in deterioration of repayment prospects for the loans at some future date. Substandard loans are inadequately protected by the current net worth and paying capacity of the borrower or by the collateral pledged, if any. These loans have a well-defined weakness or weaknesses that jeopardize collection and present the distinct possibility that some loss will be sustained if the deficiencies are not corrected. A protracted workout on these credits is a distinct possibility. Prompt corrective action is therefore required to strengthen the Company’s position, and/or to reduce exposure and to assure that adequate remedial measures are taken by the borrower. Credit exposure becomes more likely in such credits and a serious evaluation of the secondary support to the credit is performed. Substandard loans can be accruing or can be nonaccrual depending on the circumstances of the individual loans. Doubtful loans have all the weaknesses inherent in substandard loans with the added characteristics that the weaknesses make collection or liquidation in full on the basis of currently existing facts, conditions, and values highly questionable and improbable. All doubtful loans are on nonaccrual. The following table summarizes the internal classifications of loans: Pass Special Mention Substandard Doubtful Total June 30, 2020 Commercial real estate $ 596,000 $ — $ 59,906 $ — $ 655,906 Commercial - specialized 308,395 — 17,547 — 325,942 Commercial - general 610,280 — 10,625 — 620,905 Consumer: 1-4 family residential 354,591 — 5,717 — 360,308 Auto loans 201,419 — 844 — 202,263 Other consumer 69,468 — 286 — 69,754 Construction 96,216 — 422 — 96,638 Total $ 2,236,369 $ — $ 95,347 $ — $ 2,331,716 December 31, 2019 Commercial real estate $ 632,641 $ 22,313 $ 3,241 $ — $ 658,195 Commercial - specialized 307,239 — 2,266 — 309,505 Commercial - general 428,155 — 13,243 — 441,398 Consumer: 1-4 family residential 356,422 — 6,374 — 362,796 Auto loans 214,363 — 846 — 215,209 Other consumer 73,716 — 284 — 74,000 Construction 82,520 — — — 82,520 Total $ 2,095,056 $ 22,313 $ 26,254 $ — $ 2,143,623 Under section 4013 of the Coronavirus Aid, Relief, and Economic Security Act (the “CARES Act”), banks may elect to deem that loan modifications do not result in a classification as a troubled debt restructuring (“TDR”) if they are (1) related to the COVID-19 pandemic; (2) executed on a loan that was not more than 30 days past due as of December 31, 2019; and (3) executed between March 1, 2020, and the earlier of (A) 60 days after the date of termination of the national emergency or (B) December 31, 2020. The Company elected to adopt these provisions of the CARES Act. Additionally, other short-term modifications made on a good faith basis in response to the COVID-19 pandemic to borrowers who were current prior to any relief are not TDRs under ASC Subtopic 310-40 and the interagency statement released by the federal banking regulators on April 7, 2020 in response to the COVID-19 pandemic (the “Joint Interagency Regulatory Guidance”). This includes short-term (e.g., up to six months) modifications such as payment deferrals, fee waivers, extensions of repayment terms, or delays in payment that are insignificant. Borrowers considered current are those that are less than 30 days past due on their contractual payments at the time a modification program is implemented. In response to the COVID-19 pandemic, the Company implemented a short-term deferral modification program that complies with ASC Subtopic 310-40 and the Joint Interagency Regulatory Guidance. As of June 30, 2020, the Company had modified approximately $415.6 million in loans that comply with ASC Subtopic 310-40 and the Joint Interagency Regulatory Guidance. These modifications include: $298.1 million in six months of interest-only payments, $68.1 million in 90 day commercial payment deferrals, and $49.4 million in consumer one to four month payment deferrals. The total of all of these short-term modifications represented 17.8% of outstanding loans held for investment at June 30, 2020. Beginning in April 2020, the Company began offering additional COVID-19 related deferral and modification of principal and/or interest payments to selected borrowers on a case-by-case basis that were outside the scope of the short-term deferral modification program. These additional modifications do comply with the provisions of section 4013 of the CARES Act. As of June 30, 2020 the Company had 19 loans totaling approximately $48.8 million subject to these deferral and modification agreements, representing 2.1% of outstanding loans held for investment. There were no loans modified as troubled debt restructurings during the six-month period ended June 30, 2020 and the year ended December 31, 2019.

GOODWILL AND INTANGIBLES

GOODWILL AND INTANGIBLES	6 Months Ended
	Jun. 30, 2020
GOODWILL AND INTANGIBLES [Abstract]
GOODWILL AND INTANGIBLES	4. GOODWILL AND INTANGIBLES Goodwill and other intangible assets are summarized below: June 30, 2020 December 31, 2019 Beginning goodwill $ 18,757 $ — Arising from business combinations — 18,757 Measurement period acquisition adjustment 1,211 — Ending goodwill $ 19,968 $ 18,757 Amortized intangible assets Customer relationship intangibles $ 6,679 $ 6,679 Less: Accumulated amortization (809 ) (202 ) 5,870 6,477 Other intangibles 2,309 2,309 Arising from business combinations 663 — Less: Accumulated amortization (396 ) (154 ) 2,576 2,155 Other intangible assets, net $ 8,446 $ 8,632

BORROWING ARRANGEMENTS

BORROWING ARRANGEMENTS	6 Months Ended
	Jun. 30, 2020
BORROWING ARRANGEMENTS [Abstract]
BORROWING ARRANGEMENTS	5. BORROWING ARRANGEMENTS Subordinated Debt Securities In December 2018, the Company issued $26.5 million in subordinated debt securities. $12.4 million of the securities have a maturity date of December 2028 and an average fixed rate of 5.74% for the first five years. The remaining $14.1 million of securities have a maturity date of December 2030 and an average fixed rate of 6.41% for the first seven years. After the expiration of the fixed rate periods, all securities will float at the Wall Street Journal Notes Payable and Other Borrowings City Bank has multiple advances from FHLB. The advances are collateralized through the line of credit with FHLB with interest payable monthly and principal due at maturity. In April 2020, City Bank borrowed $75 million from FHLB, on a term of three months, for liquidity needs associated with funding Paycheck Protection Program loans.

STOCK-BASED COMPENSATION

STOCK-BASED COMPENSATION	6 Months Ended
	Jun. 30, 2020
STOCK-BASED COMPENSATION [Abstract]
STOCK-BASED COMPENSATION	6. STOCK-BASED COMPENSATION Equity Incentive Plan The 2019 Equity Incentive Plan (“Plan”) was approved by the Company’s Board of Directors on January 16, 2019 and by its shareholders on March 6, 2019. The purpose of the Plan is to: (i) attract and retain the best available personnel for positions of substantial responsibility, (ii) provide additional incentive to employees, directors and consultants, and (iii) promote the success of the Company’s business. This Plan permits the grant of incentive stock options, nonstatutory stock options, stock appreciation rights, restricted stock, restricted stock units, performance units, performance shares, and other stock-based awards. The maximum aggregate number of shares of common stock that may be issued pursuant to all awards under the Plan is 2,300,000. The maximum aggregate number of shares that may be issued under the Plan may be increased annually by up to 3% of the total issued and outstanding common shares of the Company at the beginning of each fiscal year. The fair value of each option award is estimated on the date of grant using a closed form option valuation (“Black-Scholes”) model that uses the assumptions noted in the table below. Expected volatilities are based on historical volatilities of the Company’s common stock and similar peer company averages. The Company uses historical data to estimate option exercise and post-vesting termination behavior. The expected term of options granted represents the period of time that options granted are expected to be outstanding, which takes in to account that the options are not transferable. The risk-free interest rate for the expected term of the option is based on U.S. Treasury yield curve in effect at the time of the grant. Options A summary of activity in the Plan during the six months ended June 30, 2020 is presented in the table below: Number of Shares Weighted-Average Exercise Price Weighted-Average Remaining Contractual Life in Years Aggregate Intrinsic Value Six Months Ended June 30, 2020 Outstanding at beginning of year: 1,462,997 $ 13.42 Granted 248,966 20.93 Exercised (27,851 ) 10.72 Forfeited (20,151 ) 17.86 Expired — — Balance, June 30, 2020 1,663,961 $ 14.54 6.21 $ 3,040 Exercisable at end of period 1,058,090 $ 12.04 5.43 $ 3,040 Vested at end of period 1,058,090 $ 12.04 5.43 $ 3,040 A summary of assumptions used to calculate the fair values of the awards granted during the periods noted is presented below: Six Months Ended June 30, 2020 2019 Expected volatility 27.46 % 28.64 % Expected dividend yield 0.70 % 0.70 % Expected term (years) 6.2 7.0 Risk-free interest rate 1.44 % 2.63 % Weighted average grant date fair value $ 5.68 $ 8.61 The total intrinsic value of options exercised during the six months ended June 30, 2020 was $185 thousand. There were no options exercised during the six months ended June 30, 2019. On January 16, 2019, the Company approved the conversion of its previously issued stock appreciation rights (“SARs”) to stock options. There were 1,401,000 outstanding SARs that were converted effective as of May 6, 2019. The fair value of the SARs was $11.5 million at the conversion date. During the modification of these awards from liabilities to equity, the Company accelerated the expiration date, between two and four years, on 750,000 of the stock options. As a result, the fair value of the stock options after modification was $11.2 million. However, since the fair value of the new equity awards was less than the fair value of the liability awards, no adjustment was made to the Company’s income statement. The $11.5 million was reclassified from liabilities to equity upon conversion on May 6, 2019. Restricted Stock Units A summary of activity in the Plan is presented in the table below: Number of Shares Weighted-Average Grant Date Fair Value Six Months Ended June 30, 2020 Outstanding at beginning of year: 81,200 $ 19.46 Granted 5,970 20.93 Vested (24,694 ) 19.79 Forfeited — — Balance, June 30, 2020 62,476 $ 19.47 Restricted stock units granted under the Plan typically vest over five years, but vesting periods may vary. Compensation expense for these grants will be recognized over the vesting period of the awards based on the fair value of the stock at the issue date. The total unrecognized compensation cost for the awards outstanding under the Plan at June 30, 2020 was $3.7 million and will be recognized over a weighted average remaining period of 1.91 years. The total fair value of restricted stock units vested during the six months ended June 30, 2020 was $489,000. There was no vesting of restricted stock units during the six months ended June 30, 2019.

COMMITMENTS AND CONTINGENCIES

COMMITMENTS AND CONTINGENCIES	6 Months Ended
	Jun. 30, 2020
COMMITMENTS AND CONTINGENCIES [Abstract]
COMMITMENTS AND CONTINGENCIES	7. COMMITMENTS AND CONTINGENCIES Financial instruments with off-balance-sheet risk Financial instruments whose contract amounts represent credit risk outstanding follow: June 30, 2020 December 31, 2019 Commitments to grant loans and unfunded commitments under lines of credit $ 460,429 $ 409,969 Standby letters of credit 9,833 10,748 Commitments to grant loans and extend credit are agreements to lend to a customer as long as there is no violation of any condition established in the contract. Commitments generally have fixed expiration dates or other termination clauses and may require payment of a fee. The commitments for lines of credit may expire without being drawn upon. Therefore, the total commitment amounts do not necessarily represent future cash requirements. The amount of collateral obtained, if it is deemed necessary by the Company, is based on management’s credit evaluation of the customer. Standby letters of credit are conditional commitments issued by the Company to guarantee the performance of a customer to a third party. Those letters of credit are primarily issued to support public and private borrowing arrangements. Essentially all letters of credit issued have expiration dates within one year. The credit risk involved in issuing letters of credit is essentially the same as that involved in extending loan facilities to customers. The Company requires collateral supporting those commitments if deemed necessary. Litigation FHLB Letters of Credit

CAPITAL AND REGULATORY MATTERS

CAPITAL AND REGULATORY MATTERS	6 Months Ended
	Jun. 30, 2020
CAPITAL AND REGULATORY MATTERS [Abstract]
CAPITAL AND REGULATORY MATTERS	8. CAPITAL AND REGULATORY MATTERS The Company and its bank subsidiary are subject to various regulatory capital requirements administered by its banking regulators. Failure to meet minimum capital requirements can initiate certain mandatory and possibly additional discretionary actions by regulators that, if undertaken, could have a direct material effect on the Company’s and its bank subsidiary’s financial statements. Under capital guidelines and the regulatory framework for prompt corrective action, the Company and its bank subsidiary must meet specific capital guidelines that involve quantitative measures of their 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. Prompt corrective action provisions are not applicable to bank holding companies. In July 2013, the Board of Governors of the Federal Reserve System published final rules for the adoption of the Basel III regulatory capital framework (“Basel III”). Basel III, among other things, (i) introduced a new capital measure called Common Equity Tier 1 (“CET1”), (ii) specified that Tier 1 capital consists of CET1 and Additional Tier 1 Capital instruments meeting specified requirements, (iii) defined Common Equity Tier 1 narrowly by requiring that most deductions/adjustments to regulatory capital measures be made to CET1 and not to the other components of capital and (iv) expanded the scope of the deductions/adjustments as compared to existing regulations. Basel III became effective for the Company and its bank subsidiary on January 1, 2016 with certain transition provisions fully phased-in on January 1, 2019. Quantitative measures established by regulation to ensure capital adequacy require the Company and its bank subsidiary to maintain minimum amounts and ratios (set forth in the following table) of total, Tier 1 and CET1 capital (as defined in the regulations) to risk-weighted assets (as defined) and of Tier 1 capital (as defined) to average assets (as defined). Management believes, as of June 30, 2020 and December 31, 2019, that the Company and its bank subsidiary met all capital adequacy requirements to which they are subject. As of June 30, 2020, the bank subsidiary 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, CET1 and Tier 1 leverage ratios as set forth in the following tables. There are no conditions or events since June 30, 2020 that management believes have changed the bank subsidiary’s category. The Company and its bank subsidiary’s actual capital amounts and ratios follow: Actual Minimum Required Under BASEL III Fully Phased-In To Be Well Capitalized Under Prompt Corrective Action Provisions Amount Ratio Amount Ratio Amount Ratio June 30, 2020 Total Capital to Risk Weighted Assets: Consolidated $ 395,127 14.32 % $ 289,774 10.50 % N/A N/A City Bank 383,541 13.90 % 289,704 10.50 % $ 275,908 10.00 % Tier I Capital to Risk Weighted Assets: Consolidated 334,080 12.11 % 234,579 8.50 % N/A N/A City Bank 348,975 12.65 % 234,522 8.50 % 220,726 8.00 % Common Equity Tier 1 to Risk Weighted Assets: Consolidated 289,080 10.47 % 193,183 7.00 % N/A N/A City Bank 348,975 12.65 % 193,136 7.00 % 179,340 6.50 % Tier I Capital to Average Assets: Consolidated 334,080 9.60 % 140,247 4.00 % N/A N/A City Bank 348,975 10.04 % 140,170 4.00 % 173,817 5.00 % December 31, 2019 Total Capital to Risk Weighted Assets: Consolidated $ 373,684 14.88 % $ 263,769 10.50 % N/A N/A City Bank 368,322 14.67 % 263,702 10.50 % $ 251,145 10.00 % Tier I Capital to Risk Weighted Assets: Consolidated 322,835 12.85 % 213,527 8.50 % N/A N/A City Bank 343,945 13.70 % 213,473 8.50 % 200,916 8.00 % Common Equity Tier 1 to Risk Weighted Assets: Consolidated 277,835 11.06 % 175,846 7.00 % N/A N/A City Bank 343,945 13.70 % 175,801 7.00 % 163,244 6.50 % Tier I Capital to Average Assets: Consolidated 322,835 10.74 % 120,219 4.00 % N/A N/A City Bank 343,945 11.45 % 121,235 4.00 % 150,175 5.00 % State banking regulations place certain restrictions on dividends paid by banks to their shareholders. Dividends paid by the Company’s bank subsidiary would be prohibited if the effect thereof would cause the bank subsidiary’s capital to be reduced below applicable minimum capital requirements.

DERIVATIVES

DERIVATIVES	6 Months Ended
	Jun. 30, 2020
DERIVATIVES [Abstract]
DERIVATIVES	9. DERIVATIVES The Company utilizes interest rate and cash flow swap agreements as part of its asset-liability management strategy to help manage its interest rate and cash flow risk position. The notional amount of the interest rate and cash flow swaps do not represent amounts exchanged by the parties. The amount exchanged is determined by reference to the notional amounts and the other terms of the individual interest rate and cash flow swap agreements. The following table reflects the fair value hedges included in the consolidated balance sheets: June 30, December 31, Notional Amount Fair Value Notional Amount Fair Value Included in other liabilities: Interest rate swaps related to fixed rate loans $ 10,401 $ 1,078 $ 10,557 $ 351 Included in other assets: Interest rate swaps related to fixed rate loans $ — $ — $ — $ — The following table reflects the cash flow hedges included in the consolidated balance sheets: June 30, December 31, Notional Amount Fair Value Notional Amount Fair Value Included in other liabilities: Cash flow swaps related to state and municipal securities $ 123,760 $ 2,103 $ — $ — Included in other assets: Cash flow swaps related to state and municipal securities $ — $ — $ — $ — Mortgage banking derivatives The following table reflects the amount and fair value of mortgage banking derivatives in the consolidated balance sheets: June 30, December 31, Notional Amount Fair Value Notional Amount Fair Value Included in other assets: Forward contracts related to mortgage loans held for sale $ — $ — $ — $ — Interest rate lock commitments 186,175 4,275 52,875 814 Total included in other assets $ 186,175 $ 4,275 $ 52,875 $ 814 Included in other liabilities: Forward contracts related to mortgage loans held for sale $ 156,022 $ 857 $ 58,948 $ 141 Interest rate lock commitments — — — — Total included in other liabilities $ 156,022 $ 857 $ 58,948 $ 141

EARNINGS PER SHARE

EARNINGS PER SHARE	6 Months Ended
	Jun. 30, 2020
EARNINGS PER SHARE [Abstract]
EARNINGS PER SHARE	10. EARNINGS PER SHARE The factors used in the earnings per share computation follow: Three Months Ended June 30, Six Months Ended June 30, 2020 2019 2020 2019 Net income $ 5,615 $ 6,080 $ 12,698 $ 10,853 Weighted average common shares outstanding - basic 18,061,705 16,459,366 18,052,405 15,620,106 Effect of dilutive securities: Stock-based compensation awards 162,925 104,177 290,871 104,215 Weighted average common shares outstanding - diluted 18,224,630 16,563,543 18,343,276 15,724,321 Basic earnings per share $ 0.31 $ 0.37 $ 0.70 $ 0.69 Diluted earnings per share $ 0.31 $ 0.37 $ 0.69 $ 0.69

SEGMENT INFORMATION

SEGMENT INFORMATION	6 Months Ended
	Jun. 30, 2020
SEGMENT INFORMATION [Abstract]
SEGMENT INFORMATION	11. SEGMENT INFORMATION Financial results by reportable segment are detailed below: Three Months Ended June 30, 2020 Banking Insurance Consolidated Net interest income $ 30,448 $ — $ 30,448 Provision for loan loss (13,133 ) — (13,133 ) Noninterest income 23,896 1,000 24,896 Noninterest expense (34,061 ) (1,146 ) (35,207 ) Income before income taxes 7,150 (146 ) 7,004 Income tax (expense) benefit (1,358 ) (31 ) (1,389 ) Net income $ 5,792 $ (177 ) $ 5,615 Three Months Ended June 30, 2019 Banking Insurance Consolidated Net interest income $ 24,837 $ — $ 24,837 Provision for loan loss (875 ) — (875 ) Noninterest income 12,563 1,140 13,703 Noninterest expense (29,098 ) (832 ) (29,930 ) Income before income taxes 7,427 308 7,735 Income tax (expense) benefit (1,590 ) (65 ) (1,655 ) Net income $ 5,837 $ 243 $ 6,080 Financial results by reportable segment are detailed below: Six Months Ended June 30, 2020 Banking Insurance Consolidated Net interest income $ 60,647 $ — $ 60,647 Provision for loan loss (19,367 ) — (19,367 ) Noninterest income 41,657 2,114 43,771 Noninterest expense (66,892 ) (2,326 ) (69,218 ) Income before income taxes 16,045 (212 ) 15,833 Income tax (expense) benefit (3,117 ) (18 ) (3,135 ) Net income $ 12,928 $ (230 ) $ 12,698 Six Months Ended June 30, 2,019 Banking Insurance Consolidated Net interest income $ 49,383 $ — $ 49,383 Provision for loan loss (1,483 ) - (1,483 ) Noninterest income 22,933 2,845 25,778 Noninterest expense (58,170 ) (1,796 ) (59,966 ) Income before income taxes 12,663 1,049 13,712 Income tax (expense) benefit (2,730 ) (129 ) (2,859 ) Net income $ 9,933 $ 920 $ 10,853

FAIR VALUE DISCLOSURES

FAIR VALUE DISCLOSURES	6 Months Ended
	Jun. 30, 2020
FAIR VALUE DISCLOSURES [Abstract]
FAIR VALUE DISCLOSURES	12. FAIR VALUE DISCLOSURES Fair value is the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants. A fair value measurement assumes that the transaction to sell the asset or transfer the liability occurs in the principal market for the asset or liability or, in the absence of a principal market, the most advantageous market for the asset or liability. The price in the principal (or most advantageous) market used to measure the fair value of the asset or liability is not adjusted for transaction costs. An orderly transaction is a transaction that assumes exposure to the market for a period prior to the measurement date to allow for marketing activities that are usual and customary for transactions involving such assets and liabilities; it is not a forced transaction. Market participants are buyers and sellers in the principal market that are (i) independent, (ii) knowledgeable, (iii) able to transact and (iv) willing to transact. Valuation techniques that are consistent with the market approach, the income approach and/or the cost approach are required by GAAP. The market approach uses prices and other relevant information generated by market transactions involving identical or comparable assets and liabilities. The income approach uses valuation techniques to convert future amounts, such as cash flows or earnings, to a single present amount on a discounted basis. The cost approach is based on the amount that currently would be required to replace the service capacity of an asset. Valuation techniques should be consistently applied. Inputs to valuation techniques refer to the assumptions that market participants would use in pricing the asset or liability. Inputs may be observable, meaning those that reflect the assumptions market participants would use in pricing the asset or liability developed based on market data obtained from independent sources, or unobservable, meaning those that reflect the reporting entity’s own assumptions about the assumptions market participants would use in pricing the asset or liability developed based on the best information available in the circumstances. The fair value hierarchy for valuation inputs gives the highest priority to quoted prices in active markets for identical assets or liabilities and the lowest priority to unobservable inputs. The fair value hierarchy is as follows: ● Level 1 Inputs ● Level 2 Inputs ● Level 3 Inputs The following table summarizes fair value measurements: Level 1 Level 2 Level 3 Total June 30, 2020 Assets (liabilities) measured at fair value on a recurring basis: Securities available for sale: U.S. government and agencies $ — $ 4,816 $ — $ 4,816 State and municipal — 224,032 — 224,032 Mortgage-backed securities — 358,304 — 358,304 Collateralized mortgage obligations — 107,562 — 107,562 Asset-backed and other amortizing securities — 35,960 — 35,960 Loans held for sale (mandatory) — 88,980 — 88,980 Mortgage servicing rights — 3,776 — 3,776 Asset derivatives — 4,275 — 4,275 Liability derivatives — (4,038 ) — (4,038 ) Assets measured at fair value on a non-recurring basis: Impaired loans — — 7,292 7,292 Other real estate owned — — 1,335 1,335 Loans held for sale (best efforts) — 3,794 — 3,794 December 31, 2019 Assets (liabilities) measured at fair value on a recurring basis: Securities available for sale: U.S. government and agencies $ — $ 4,807 $ — $ 4,807 State and municipal — 94,692 — 94,692 Mortgage-backed securities — 464,516 — 464,516 Collateralized mortgage obligations — 107,289 — 107,289 Asset-backed and other amortizing securities — 36,346 — 36,346 Loans held for sale (mandatory) — 32,809 — 32,809 Mortgage servicing rights — 2,054 — 2,054 Asset derivatives — 814 — 814 Liability derivatives — (492 ) — (492 ) Assets measured at fair value on a non-recurring basis: Impaired loans — — 3,642 3,642 Other real estate owned — — 1,883 1,883 Loans held for sale (best efforts) — 16,226 — 16,226 Securities Loans held for sale (mandatory) Mortgage servicing rights Derivatives Impaired loans Foreclosed assets Loans held for sale (best efforts) The following table presents quantitative information about non-recurring Level 3 fair value measurements: Fair Value Valuation Techniques Unobservable Inputs Range of Discounts June 30, 2020 Impaired loans $ 7,292 Third party appraisals or inspections Collateral discounts and selling costs 0% % Other real estate owned 1,335 Third party appraisals or inspections Collateral discounts and selling costs 15% % December 31, 2019 Impaired loans $ 3,642 Third party appraisals or inspections Collateral discounts and selling costs 0% % Other real estate owned 1,883 Third party appraisals or inspections Collateral discounts and selling costs 15% % The estimated fair values, and related carrying amounts, of the Company’s financial instruments are as follows: Carrying Amount Level 1 Level 2 Level 3 Total Fair Value June 30, 2020 Financial assets: Cash and cash equivalents $ 256,101 $ 256,101 $ — $ — $ 256,101 Loans, net 2,291,081 — — 2,295,647 2,295,647 Accrued interest receivable 13,598 — 13,598 — 13,598 Bank-owned life insurance 70,071 — 70,071 — 70,071 Financial liabilities: Deposits $ 2,947,837 $ 2,717,245 $ 235,345 $ — $ 2,952,590 Accrued interest payable 1,757 — 1,757 — 1,757 Notes payable & other borrowings 170,000 — 170,000 — 170,000 Junior subordinated deferrable interest debentures 46,393 — 46,393 — 46,393 Subordinated debt securities 26,472 — 26,472 — 26,472 Carrying Amount Level 1 Level 2 Level 3 Total Fair Value December 31, 2019 Financial assets: Cash and cash equivalents $ 158,099 $ 158,099 $ — $ — $ 158,099 Loans, net 2,119,426 — — 2,123,289 2,123,289 Accrued interest receivable 13,924 — 13,924 — 13,924 Bank-owned life insurance 69,397 — 69,397 — 69,397 Financial liabilities: Deposits $ 2,696,857 $ 2,354,999 $ 346,194 $ — $ 2,701,193 Accrued interest payable 2,283 — 2,283 — 2,283 Notes payable & other borrowings 95,000 — 95,000 — 95,000 Junior subordinated deferrable interest debentures 46,393 — 46,393 — 46,393 Subordinated debt securities 26,472 — 26,472 — 26,472

BUSINESS COMBINATIONS

BUSINESS COMBINATIONS	6 Months Ended
	Jun. 30, 2020
BUSINESS COMBINATIONS [Abstract]
BUSINESS COMBINATIONS	13. BUSINESS COMBINATIONS In June 2020, Windmark acquired the operating assets of a crop insurance agency in Nebraska for $687 thousand. Fair value of the assets acquired in this transaction as of the closing date are as follows: Cash paid $ 687 Assets acquired: Premises and equipment, net $ 24 Customer list 512 Other intangible assets 151 Total assets acquired $ 687 West Texas State Bank In November 2019, the Company completed its acquisition of West Texas State Bank (“WTSB”). This transaction resulted in six additional branches. The Company paid the shareholders of WTSB $76.1 million in cash, for all outstanding stock of WTSB and resulted in 100% ownership interest. The Company recognized total goodwill of $19.8 million which is calculated as the excess of both the consideration exchanged and liabilities assumed compared to the fair market value of identifiable assets acquired. None of the goodwill recognized is expected to be deductible for income tax purposes. The Company incurred expenses related to the acquisition of approximately $955,000 for the year ended December 31, 2019, which are included in noninterest expense in the consolidated statements of comprehensive income. Non-credit impaired loans had a fair value of $196.2 million at the acquisition date and contractual balance of $198.4 million. As of the acquisition date, the Company expects that an insignificant amount of the contractual balance of these loans will be uncollectible. The difference of $2.2 million will be recognized into interest income as an adjustment to yield over the life of the loans. Purchased credit impaired loans were insignificant. Fair values of the assets acquired and liabilities assumed in this transaction as of the closing date are as follows: Cash paid $ 76,100 Assets acquired: Cash and cash equivalents $ 77,903 Interest-bearing time deposits in banks 52,700 Federal funds purchased 26,468 Securities available for sale 68,398 Loans held for investment 195,228 Bank-owned life insurance 10,932 Premises and equipment, net 4,132 Accrued interest receivable 1,114 Core deposit intangible 6,679 Other assets 2,648 Total assets acquired $ 446,202 Liabilities assumed Deposits $ 386,176 Accrued interest payable 55 Deferred tax liability 762 Other liabilities 2,884 Total liabilities assumed $ 389,877 Net assets acquired $ 56,325 Goodwill recorded in acquisition $ 19,775 In the first six months of 2020, the Company made measurement period adjustments to reflect facts and circumstances in existence as of the closing date of the acquisition. These adjustments primarily included a $1.2 million increase in goodwill, a $900,000 decrease in loans, and a $300,000 increase in other liabilities. The amount of income recorded in current period earnings that would have been recorded in the previous reporting period had the adjustment been recognized as of the acquisition date is not significant. The Company is still evaluating the fair values of other assets and other liabilities, additional adjustments may be recorded during the measurement period, but no later than one year from the closing date of the transaction. The Company will reflect measurement period adjustments, if any, in the period in which the adjustments are recognized, which may result in further adjustments to the values presented in the above table. The Company expects to finalize these values by the third quarter 2020.

SUMMARY OF SIGNIFICANT ACCOUN_2

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	6 Months Ended
	Jun. 30, 2020
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES [Abstract]
Nature of Operations	Nature of Operations Wholly Owned, Consolidated Subsidiaries: City Bank Bank subsidiary Windmark Insurance Agency, Inc. (“Windmark”) Non-bank subsidiary Ruidoso Retail, Inc. Non-bank subsidiary CB Provence, LLC Non-bank subsidiary CBT Brushy Creek, LLC Non-bank subsidiary CBT Properties, LLC Non-bank subsidiary Wholly Owned, Equity Method Subsidiaries: South Plains Financial Capital Trusts (SPFCT) III-V Non-bank subsidiaries
Consolidation	Basis of Presentation and Consolidation
Basis of Presentation	The interim consolidated financial statements in this Form 10-Q have not been audited by an independent registered public accounting firm, but in the opinion of management, reflect all adjustments necessary for a fair presentation of the Company’s financial position and results of operations. All such adjustments were of a normal and recurring nature. The consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America (“GAAP”) for interim financial information and with the instructions to Form 10-Q adopted by the Securities and Exchange Commission (“SEC”). Accordingly, the financial statements do not include all of the information and footnotes required by GAAP for complete financial statements and should be read in conjunction with the Company’s audited consolidated financial statements, and notes thereto in the Company’s Annual Report on Form 10-K for the year ended December 31, 2019. Operating results for the interim periods disclosed herein are not necessarily indicative of the results that may be expected for a full year or any future period.
Use of Estimates	Use of Estimates
Change in Capital Structure	Change in Capital Structure On March 11, 2019, the Company amended and restated its Certificate of Formation. The Amended and Restated Certificate of Formation increased the number of authorized shares of common stock, par value $1.00 per share, from 1,000,000 to 30,000,000. The Company completed a 29-to-1 stock split of the Company’s outstanding shares of common stock for shareholders of record as of March 11, 2019. The stock split was payable in the form of a dividend on or about March 11, 2019. Shareholders received 29 additional shares for each share held as of the record date. All share and per share amounts in the consolidated financial statements have been retroactively adjusted to reflect this stock split for all periods presented.
Loans	Loans Loans are placed on nonaccrual status when, in management’s opinion, collection of interest is unlikely, which typically occurs when principal or interest payments are more than ninety days past due. When interest accrual is discontinued, all unpaid accrued interest is reversed against interest income. The interest on these loans is accounted for on the cash-basis or cost-recovery method, until qualifying for return to accrual. Loans are returned to accrual status when all the principal and interest amounts contractually due are brought current and future payments are reasonably assured.
Allowance for Loan Losses	Allowance for Loan Losses The allowance for loan losses is evaluated on a quarterly basis by management and is based upon management’s review of the collectibility of the loans in light of historical experience, the nature and volume of the loan portfolio, adverse situations that may affect the borrower’s ability to repay, estimated value of any underlying collateral, and prevailing economic conditions. This evaluation is inherently subjective, as it requires estimates that are susceptible to significant revision as more information becomes available. The determination of the adequacy of the allowance for loan losses is based on estimates that are particularly susceptible to significant changes in the economic environment and market conditions. In connection with the determination of the estimated losses on loans, management obtains independent appraisals for significant collateral. Loans originated by the bank subsidiary are generally secured by specific items of collateral including real property, crops, livestock, consumer assets, and other business assets. While management uses available information to recognize losses on loans, further reductions in the carrying amounts of loans may be necessary based on various factors. In addition, regulatory agencies, as an integral part of their examination process, periodically review the estimated losses on loans. Such agencies may require the bank subsidiary to recognize additional losses based on their judgments about information available to them at the time of their examination. Because of these factors, it is reasonably possible that the estimated losses on loans may change materially in the near term. However, the amount of the change that is reasonably possible cannot be estimated. A loan is considered impaired when, based on current information and events, it is probable that the Company will be unable to collect the scheduled payments of principal or interest when due according to the contractual terms of the loan agreement. All loans rated substandard or worse and greater than $250,000 are specifically reviewed to determine if they are impaired. Factors considered by management in determining whether a loan is impaired include payment status and the sources, amounts, and probabilities of estimated cash flow available to service debt in relation to amounts due according to contractual terms. Loans that experience insignificant payment delays and payment shortfalls generally are not classified as impaired. Management determines the significance of payment delays and payment shortfalls on a case-by-case basis, taking into consideration all of the circumstances surrounding the loan and the borrower, including the length of the delay, the reasons for the delay, the borrower’s prior payment record, and the amount of the shortfall in relation to the principal and interest owed. Loans that are determined to be impaired are then evaluated to determine estimated impairment, if any. GAAP allows impairment to be measured on a loan-by-loan basis by either the present value of expected future cash flows discounted at the loan’s effective interest rate, the loan’s obtainable market price, or the fair value of the collateral if the loan is collateral dependent. Loans that are not individually determined to be impaired or are not subject to the specific review of impaired status are subject to the general valuation allowance portion of the allowance for loan loss. The Company may modify its loan agreement with a borrower. The modification will be considered a troubled debt restructuring if the following criteria are met: (1) the borrower is experiencing a financial difficulty and (2) the Company makes a concession that it would not otherwise make. Concessions may include debt forgiveness, interest rate change, or maturity extension. Each of these loans is impaired and is evaluated for impairment, with a specific reserve recorded as necessary based on probable losses related to collateral and cash flow. A loan will no longer be required to be reported as restructured in calendar years following the restructure if the interest rate at the time of restructure is greater than or equal to the rate the Company was willing to accept for a new extension of credit with similar risk and the loan is in compliance with its modified terms.
Acquired Loans	Acquired Loans The excess of cash flows expected at acquisition over the estimated fair value is referred to as the accretable discount and is recognized into interest income over the remaining life of the loan. The difference between contractually required payments at acquisition and the cash flows expected to be collected at acquisition is referred to as the nonaccretable discount. These loans are accounted for under ASC 310-30, Loans and Debt Securities Acquired with Deteriorated Credit Quality. Loans acquired through business combinations that meet the specific criteria of ASC 310-30 are individually evaluated each period to analyze expected cash flows. To the extent that the expected cash flows of a loan have decreased due to credit deterioration, the Company then establishes an allowance. Loans acquired through business combinations that do not meet the specific criteria of ASC 310-30 are accounted for under ASC 310-20. These loans are initially recorded at fair value, and include credit and interest rate marks associated with acquisition accounting adjustments. Purchase premiums or discounts are subsequently amortized as an adjustment to yield over the estimated contractual lives of the loans. There is no allowance for loan losses established at the acquisition date for acquired performing loans. An allowance for loan losses is recorded for any credit deterioration in these loans subsequent to acquisition. Acquired loans that met the criteria for impaired or nonaccrual of interest prior to the acquisition may be considered performing upon acquisition, regardless of whether the customer is contractually delinquent, if the Company expects to fully collect the new carrying value (i.e. fair value) of the loans. As such, the Company may no longer consider the loan to be nonaccrual or nonperforming at the date of acquisition and may accrue interest on these loans, including the impact of any accretable discount. In addition, charge-offs on such loans would be first applied to the nonaccretable difference portion of the fair value adjustment.
Goodwill and Other Intangible Assets	Goodwill and Other Intangible Assets Core deposit intangible (“CDI”) is a measure of the value of checking and savings deposit relationships acquired in a business combination. The fair value of the CDI stemming from any given business combination is based on the present value of the expected cost savings attributable to the core deposit funding relative to an alternative source of funding. CDI is amortized over the estimated useful lives of the existing deposit relationships acquired, but does not exceed 10 years. Significantly all CDI is amortized using the sum of the years digits method. The remaining other intangible assets consist of customer relationship and employment agreement intangible assets and are amortized over their estimated useful lives of 5 years.
Stock-based Compensation	Stock-based Compensation
Reclassification	Reclassification
Recent Accounting Pronouncements	Recent Accounting Pronouncements Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (“ASC”) ASU 2016-02 Leases (Topic 842). ASU 2016-13 Financial Instruments - Credit Losses (Topic 326). ASU 2017-04, Intangibles - Goodwill and Other (Topic 350). This ASU simplifies the accounting for goodwill impairment for all entities by The Company elected to early adopt ASU 2017-04 on January 1, 2020, and it did not have a significant impact on its financial statements. The Company’s policy is to test goodwill for impairment annually or on an interim basis if an event triggering impairment may have occurred. During the period ended , the economic disruption and uncertainty surrounding the ongoing COVID-19 pandemic and the recent volatility in the market price of crude oil resulted in a decrease in the Company’s stock price. The Company believed this resulted in a triggering event requiring an interim goodwill impairment quantitative analysis. Under the new simplified guidance, the Company’s estimated fair value as of , exceeded its carrying amount resulting in no impairment charge for the period. Management will continue to evaluate the economic conditions at future reporting periods for applicable changes
Subsequent Events	Subsequent Events

SUMMARY OF SIGNIFICANT ACCOUN_3

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)	6 Months Ended
	Jun. 30, 2020
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES [Abstract]
Subsidiaries Information	The following are subsidiaries of SPFI: Wholly Owned, Consolidated Subsidiaries: City Bank Bank subsidiary Windmark Insurance Agency, Inc. (“Windmark”) Non-bank subsidiary Ruidoso Retail, Inc. Non-bank subsidiary CB Provence, LLC Non-bank subsidiary CBT Brushy Creek, LLC Non-bank subsidiary CBT Properties, LLC Non-bank subsidiary Wholly Owned, Equity Method Subsidiaries: South Plains Financial Capital Trusts (SPFCT) III-V Non-bank subsidiaries

SECURITIES (Tables)

SECURITIES (Tables)	6 Months Ended
	Jun. 30, 2020
SECURITIES [Abstract]
Amortized Cost and Fair Value of Securities, with Gross Unrealized Gains and Losses	The amortized cost and fair value of securities, with gross unrealized gains and losses, at period-end follow: Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Fair Value June 30, 2020 Available for sale: U.S. government and agencies $ 4,750 $ 66 $ — $ 4,816 State and municipal 214,576 9,474 (18 ) 224,032 Mortgage-backed securities 343,716 14,588 — 358,304 Collateralized mortgage obligations 107,319 243 — 107,562 Asset-backed and other amortizing securities 33,416 2,544 — 35,960 $ 703,777 $ 26,915 $ (18 ) $ 730,674 Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Fair Value December 31, 2019 Available for sale: U.S. government and agencies $ 4,750 $ 57 $ — $ 4,807 State and municipal 94,512 1,091 (911 ) 94,692 Mortgage-backed securities 463,899 3,727 (3,110 ) 464,516 Collateralized mortgage obligations 107,443 15 (169 ) 107,289 Asset-backed and other amortizing securities 35,833 522 (9 ) 36,346 $ 706,437 $ 5,412 $ (4,199 ) $ 707,650
Amortized Cost and Fair Value of Securities by Contractual Maturity	The amortized cost and fair value of securities at June 30, 2020 are presented below by contractual maturity. Expected maturities may differ from contractual maturities because issuers may have the right to call or prepay obligations. Other securities are shown separately since they are not due at a single maturity date. Available for Sale Amortized Cost Fair Value Within 1 year $ 6,267 $ 6,343 After 1 year through 5 years — — After 5 years through 10 years 15,672 16,456 After 10 years 197,387 206,050 Other 484,451 501,825 $ 703,777 $ 730,674
Securities with Unrealized Losses Segregated by the Period in a Loss Position	The following table segregates securities with unrealized losses at the periods indicated, by the duration they have been in a loss position: Less than 12 Months 12 Months or More Total Fair Value Unrealized Loss Fair Value Unrealized Loss Fair Value Unrealized Loss June 30, 2020 U.S. government and agencies $ — $ — $ — $ — $ — $ — State and municipal 4,742 18 — — 4,742 18 Mortgage-backed securities — — — — — — Collateralized mortgage obligations — — — — — — Asset-backed and other amortizing securities — — — — — — $ 4,742 $ 18 $ — $ — $ 4,742 $ 18 December 31, 2019 U.S. government and agencies $ — $ — $ — $ — $ — $ — State and municipal 58,389 910 387 1 58,776 911 Mortgage-backed securities 284,120 3,070 4,661 40 288,781 3,110 Collateralized mortgage obligations 60,039 169 — — 60,039 169 Asset-backed and other amortizing securities 2,661 9 — — 2,661 9 $ 405,209 $ 4,158 $ 5,048 $ 41 $ 410,257 $ 4,199

LOANS HELD FOR INVESTMENT (Tabl

LOANS HELD FOR INVESTMENT (Tables)	6 Months Ended
	Jun. 30, 2020
LOANS HELD FOR INVESTMENT [Abstract]
Summary of Loans Held for Investment by Category	Loans held for investment are summarized by category as of the periods presented below: June 30, 2020 December 31, 2019 Commercial real estate $ 655,906 $ 658,195 Commercial - specialized 325,942 309,505 Commercial - general 620,905 441,398 Consumer: 1-4 family residential 360,308 362,796 Auto loans 202,263 215,209 Other consumer 69,754 74,000 Construction 96,638 82,520 2,331,716 2,143,623 Allowance for loan losses (40,635 ) (24,197 ) Loans, net $ 2,291,081 $ 2,119,426
Activity in Allowance for Loan Losses and Investment in Loans Disaggregated Based on Method of Evaluating Impairment	The following table details the activity in the allowance for loan losses. Allocation of a portion of the allowance to one category of loans does not preclude its availability to absorb losses in other categories. Beginning Balance Provision for Loan Losses Charge-offs Recoveries Ending Balance For the three months ended June 30, 2020 Commercial real estate $ 7,192 $ 7,856 $ — $ 108 $ 15,156 Commercial - specialized 4,555 2,872 (836 ) 23 6,614 Commercial - general 7,980 1,773 (532 ) 72 9,293 Consumer: 1-4 family residential 2,744 181 — 1 2,926 Auto loans 4,312 (168 ) (262 ) 57 3,939 Other consumer 1,639 205 (383 ) 179 1,640 Construction 652 414 — 1 1,067 Total $ 29,074 $ 13,133 $ (2,013 ) $ 441 $ 40,635 For the three months ended June 30, 2019 Commercial real estate $ 5,335 $ (28 ) $ — $ 108 $ 5,415 Commercial - specialized 2,327 985 (5 ) 39 3,346 Commercial - general 8,504 (324 ) (60 ) 205 8,325 Consumer: 1-4 family residential 2,416 (127 ) — 21 2,310 Auto loans 3,067 202 (248 ) 46 3,067 Other consumer 1,174 216 (233 ) 42 1,199 Construction 558 (49 ) — — 509 Total $ 23,381 $ 875 $ (546 ) $ 461 $ 24,171 Beginning Balance Provision for Loan Losses Charge-offs Recoveries Ending Balance For the six months ended June 30, 2020 Commercial real estate $ 5,049 $ 9,892 $ — $ 215 $ 15,156 Commercial - specialized 2,287 5,090 (850 ) 87 6,614 Commercial - general 9,609 975 (1,380 ) 89 9,293 Consumer: 1-4 family residential 2,093 832 — 1 2,926 Auto loans 3,385 1,149 (704 ) 109 3,939 Other consumer 1,341 796 (749 ) 252 1,640 Construction 433 633 — 1 1,067 Total $ 24,197 $ 19,367 $ (3,683 ) $ 754 $ 40,635 For the six months ended June 30, 2019 Commercial real estate $ 5,579 $ (379 ) $ — $ 215 $ 5,415 Commercial - specialized 2,516 804 (37 ) 63 3,346 Commercial - general 8,173 (60 ) (65 ) 277 8,325 Consumer: 1-4 family residential 2,249 28 (19 ) 52 2,310 Auto loans 2,994 500 (506 ) 79 3,067 Other consumer 1,192 429 (513 ) 91 1,199 Construction 423 161 (75 ) — 509 Total $ 23,126 $ 1,483 $ (1,215 ) $ 777 $ 24,171 The following table shows the Company’s investment in loans disaggregated based on the method of evaluating impairment: Recorded Investment Allowance for Loan Losses Individually Evaluated Collectively Evaluated Individually Evaluated Collectively Evaluated June 30, 2020 Commercial real estate $ 4,379 $ 651,527 $ 560 $ 14,596 Commercial - specialized 1,074 324,868 190 6,424 Commercial - general 878 620,027 126 9,167 Consumer: 1-4 family residential 1,837 358,471 — 2,926 Auto loans — 202,263 — 3,939 Other consumer — 69,754 — 1,640 Construction — 96,638 — 1,067 Total $ 8,168 $ 2,323,548 $ 876 $ 39,759 December 31, 2019 Commercial real estate $ 299 $ 657,896 $ — $ 5,049 Commercial - specialized 573 308,932 — 2,287 Commercial - general 1,396 440,002 525 9,084 Consumer: 1-4 family residential 1,899 360,897 — 2,093 Auto loans — 215,209 — 3,385 Other consumer — 74,000 — 1,341 Construction — 82,520 — 433 Total $ 4,167 $ 2,139,456 $ 525 $ 23,672
Impaired Loan Information	Impaired loan information follows: Unpaid Contractual Principal Balance Recorded Investment With No Allowance Recorded Investment With Allowance Total Recorded Investment Related Allowance Average Recorded Investment June 30, 2020 Commercial real estate $ 4,379 $ 1,898 $ 2,481 $ 4,379 $ 560 $ 2,719 Commercial - specialized 1,074 617 457 1,074 190 1,210 Commercial - general 878 385 493 878 126 1,526 Consumer: — 1-4 family 2,256 1,837 — 1,837 — 2,012 Auto loans — — — — — — Other consumer — — — — — — Construction — — — — — — Total $ 8,587 $ 4,737 $ 3,431 $ 8,168 $ 876 $ 7,467 December 31, 2019 Commercial real estate $ 754 $ 299 $ — $ 299 $ — $ 1,059 Commercial - specialized 573 573 — 573 — 1,345 Commercial - general 1,839 — 1,396 1,396 525 2,173 Consumer: — 1-4 family 2,318 1,899 — 1,899 — 2,187 Auto loans — — — — — — Other consumer — — — — — — Construction — — — — — — Total $ 5,484 $ 2,771 $ 1,396 $ 4,167 $ 525 $ 6,764
Age Analysis on Accruing Past-due Loans and Nonaccrual Loans	The table below provides an age analysis on accruing past-due loans and nonaccrual loans: 30-89 Days Past Due 90 Days or More Past Due Nonaccrual June 30, 2020 Commercial real estate $ 10,659 $ — $ 4,424 Commercial - specialized 56 283 795 Commercial - general 179 150 1,301 Consumer: 1-4 Family residential 1,401 2,539 821 Auto loans 324 62 — Other consumer 723 42 55 Construction 186 — — Total $ 13,528 $ 3,076 $ 7,396 December 31, 2019 Commercial real estate $ 37 $ 116 $ 162 Commercial - specialized 708 — 1,172 Commercial - general 1,747 — 2,254 Consumer: 1-4 Family residential 1,212 932 1,105 Auto loans 1,468 183 — Other consumer 848 121 — Construction 1,159 — — Total $ 7,179 $ 1,352 $ 4,693
Summary of Internal Classifications of Loans	The following table summarizes the internal classifications of loans: Pass Special Mention Substandard Doubtful Total June 30, 2020 Commercial real estate $ 596,000 $ — $ 59,906 $ — $ 655,906 Commercial - specialized 308,395 — 17,547 — 325,942 Commercial - general 610,280 — 10,625 — 620,905 Consumer: 1-4 family residential 354,591 — 5,717 — 360,308 Auto loans 201,419 — 844 — 202,263 Other consumer 69,468 — 286 — 69,754 Construction 96,216 — 422 — 96,638 Total $ 2,236,369 $ — $ 95,347 $ — $ 2,331,716 December 31, 2019 Commercial real estate $ 632,641 $ 22,313 $ 3,241 $ — $ 658,195 Commercial - specialized 307,239 — 2,266 — 309,505 Commercial - general 428,155 — 13,243 — 441,398 Consumer: 1-4 family residential 356,422 — 6,374 — 362,796 Auto loans 214,363 — 846 — 215,209 Other consumer 73,716 — 284 — 74,000 Construction 82,520 — — — 82,520 Total $ 2,095,056 $ 22,313 $ 26,254 $ — $ 2,143,623

GOODWILL AND INTANGIBLES (Table

GOODWILL AND INTANGIBLES (Tables)	6 Months Ended
	Jun. 30, 2020
GOODWILL AND INTANGIBLES [Abstract]
Goodwill and Other Intangible Assets	Goodwill and other intangible assets are summarized below: June 30, 2020 December 31, 2019 Beginning goodwill $ 18,757 $ — Arising from business combinations — 18,757 Measurement period acquisition adjustment 1,211 — Ending goodwill $ 19,968 $ 18,757 Amortized intangible assets Customer relationship intangibles $ 6,679 $ 6,679 Less: Accumulated amortization (809 ) (202 ) 5,870 6,477 Other intangibles 2,309 2,309 Arising from business combinations 663 — Less: Accumulated amortization (396 ) (154 ) 2,576 2,155 Other intangible assets, net $ 8,446 $ 8,632

STOCK-BASED COMPENSATION (Table

STOCK-BASED COMPENSATION (Tables)	6 Months Ended
	Jun. 30, 2020
STOCK-BASED COMPENSATION [Abstract]
Summary of Stock Option Activity	A summary of activity in the Plan during the six months ended June 30, 2020 is presented in the table below: Number of Shares Weighted-Average Exercise Price Weighted-Average Remaining Contractual Life in Years Aggregate Intrinsic Value Six Months Ended June 30, 2020 Outstanding at beginning of year: 1,462,997 $ 13.42 Granted 248,966 20.93 Exercised (27,851 ) 10.72 Forfeited (20,151 ) 17.86 Expired — — Balance, June 30, 2020 1,663,961 $ 14.54 6.21 $ 3,040 Exercisable at end of period 1,058,090 $ 12.04 5.43 $ 3,040 Vested at end of period 1,058,090 $ 12.04 5.43 $ 3,040
Summary of Assumptions Used to Calculate Fair Value of Awards	A summary of assumptions used to calculate the fair values of the awards granted during the periods noted is presented below: Six Months Ended June 30, 2020 2019 Expected volatility 27.46 % 28.64 % Expected dividend yield 0.70 % 0.70 % Expected term (years) 6.2 7.0 Risk-free interest rate 1.44 % 2.63 % Weighted average grant date fair value $ 5.68 $ 8.61
Summary of Activity of Restricted Stock Units	A summary of activity in the Plan is presented in the table below: Number of Shares Weighted-Average Grant Date Fair Value Six Months Ended June 30, 2020 Outstanding at beginning of year: 81,200 $ 19.46 Granted 5,970 20.93 Vested (24,694 ) 19.79 Forfeited — — Balance, June 30, 2020 62,476 $ 19.47

COMMITMENTS AND CONTINGENCIES (

COMMITMENTS AND CONTINGENCIES (Tables)	6 Months Ended
	Jun. 30, 2020
COMMITMENTS AND CONTINGENCIES [Abstract]
Financial Instrument Whose Contract Amounts Represent Credit Risk Outstanding	Financial instruments whose contract amounts represent credit risk outstanding follow: June 30, 2020 December 31, 2019 Commitments to grant loans and unfunded commitments under lines of credit $ 460,429 $ 409,969 Standby letters of credit 9,833 10,748

CAPITAL AND REGULATORY MATTERS

CAPITAL AND REGULATORY MATTERS (Tables)	6 Months Ended
	Jun. 30, 2020
CAPITAL AND REGULATORY MATTERS [Abstract]
Actual Capital Amounts and Ratios	The Company and its bank subsidiary’s actual capital amounts and ratios follow: Actual Minimum Required Under BASEL III Fully Phased-In To Be Well Capitalized Under Prompt Corrective Action Provisions Amount Ratio Amount Ratio Amount Ratio June 30, 2020 Total Capital to Risk Weighted Assets: Consolidated $ 395,127 14.32 % $ 289,774 10.50 % N/A N/A City Bank 383,541 13.90 % 289,704 10.50 % $ 275,908 10.00 % Tier I Capital to Risk Weighted Assets: Consolidated 334,080 12.11 % 234,579 8.50 % N/A N/A City Bank 348,975 12.65 % 234,522 8.50 % 220,726 8.00 % Common Equity Tier 1 to Risk Weighted Assets: Consolidated 289,080 10.47 % 193,183 7.00 % N/A N/A City Bank 348,975 12.65 % 193,136 7.00 % 179,340 6.50 % Tier I Capital to Average Assets: Consolidated 334,080 9.60 % 140,247 4.00 % N/A N/A City Bank 348,975 10.04 % 140,170 4.00 % 173,817 5.00 % December 31, 2019 Total Capital to Risk Weighted Assets: Consolidated $ 373,684 14.88 % $ 263,769 10.50 % N/A N/A City Bank 368,322 14.67 % 263,702 10.50 % $ 251,145 10.00 % Tier I Capital to Risk Weighted Assets: Consolidated 322,835 12.85 % 213,527 8.50 % N/A N/A City Bank 343,945 13.70 % 213,473 8.50 % 200,916 8.00 % Common Equity Tier 1 to Risk Weighted Assets: Consolidated 277,835 11.06 % 175,846 7.00 % N/A N/A City Bank 343,945 13.70 % 175,801 7.00 % 163,244 6.50 % Tier I Capital to Average Assets: Consolidated 322,835 10.74 % 120,219 4.00 % N/A N/A City Bank 343,945 11.45 % 121,235 4.00 % 150,175 5.00 %

DERIVATIVES (Tables)

DERIVATIVES (Tables)	6 Months Ended
	Jun. 30, 2020
DERIVATIVES [Abstract]
Fair Value Hedges	The following table reflects the fair value hedges included in the consolidated balance sheets: June 30, December 31, Notional Amount Fair Value Notional Amount Fair Value Included in other liabilities: Interest rate swaps related to fixed rate loans $ 10,401 $ 1,078 $ 10,557 $ 351 Included in other assets: Interest rate swaps related to fixed rate loans $ — $ — $ — $ — The following table reflects the cash flow hedges included in the consolidated balance sheets: June 30, December 31, Notional Amount Fair Value Notional Amount Fair Value Included in other liabilities: Cash flow swaps related to state and municipal securities $ 123,760 $ 2,103 $ — $ — Included in other assets: Cash flow swaps related to state and municipal securities $ — $ — $ — $ —
Fair Value of Derivatives in Consolidated Balance Sheets	The following table reflects the amount and fair value of mortgage banking derivatives in the consolidated balance sheets: June 30, December 31, Notional Amount Fair Value Notional Amount Fair Value Included in other assets: Forward contracts related to mortgage loans held for sale $ — $ — $ — $ — Interest rate lock commitments 186,175 4,275 52,875 814 Total included in other assets $ 186,175 $ 4,275 $ 52,875 $ 814 Included in other liabilities: Forward contracts related to mortgage loans held for sale $ 156,022 $ 857 $ 58,948 $ 141 Interest rate lock commitments — — — — Total included in other liabilities $ 156,022 $ 857 $ 58,948 $ 141

EARNINGS PER SHARE (Tables)

EARNINGS PER SHARE (Tables)	6 Months Ended
	Jun. 30, 2020
EARNINGS PER SHARE [Abstract]
Factors Used in Earnings Per Share Computation	The factors used in the earnings per share computation follow: Three Months Ended June 30, Six Months Ended June 30, 2020 2019 2020 2019 Net income $ 5,615 $ 6,080 $ 12,698 $ 10,853 Weighted average common shares outstanding - basic 18,061,705 16,459,366 18,052,405 15,620,106 Effect of dilutive securities: Stock-based compensation awards 162,925 104,177 290,871 104,215 Weighted average common shares outstanding - diluted 18,224,630 16,563,543 18,343,276 15,724,321 Basic earnings per share $ 0.31 $ 0.37 $ 0.70 $ 0.69 Diluted earnings per share $ 0.31 $ 0.37 $ 0.69 $ 0.69

SEGMENT INFORMATION (Tables)

SEGMENT INFORMATION (Tables)	6 Months Ended
	Jun. 30, 2020
SEGMENT INFORMATION [Abstract]
Financial Results by Reportable Segment	Financial results by reportable segment are detailed below: Three Months Ended June 30, 2020 Banking Insurance Consolidated Net interest income $ 30,448 $ — $ 30,448 Provision for loan loss (13,133 ) — (13,133 ) Noninterest income 23,896 1,000 24,896 Noninterest expense (34,061 ) (1,146 ) (35,207 ) Income before income taxes 7,150 (146 ) 7,004 Income tax (expense) benefit (1,358 ) (31 ) (1,389 ) Net income $ 5,792 $ (177 ) $ 5,615 Three Months Ended June 30, 2019 Banking Insurance Consolidated Net interest income $ 24,837 $ — $ 24,837 Provision for loan loss (875 ) — (875 ) Noninterest income 12,563 1,140 13,703 Noninterest expense (29,098 ) (832 ) (29,930 ) Income before income taxes 7,427 308 7,735 Income tax (expense) benefit (1,590 ) (65 ) (1,655 ) Net income $ 5,837 $ 243 $ 6,080 Financial results by reportable segment are detailed below: Six Months Ended June 30, 2020 Banking Insurance Consolidated Net interest income $ 60,647 $ — $ 60,647 Provision for loan loss (19,367 ) — (19,367 ) Noninterest income 41,657 2,114 43,771 Noninterest expense (66,892 ) (2,326 ) (69,218 ) Income before income taxes 16,045 (212 ) 15,833 Income tax (expense) benefit (3,117 ) (18 ) (3,135 ) Net income $ 12,928 $ (230 ) $ 12,698 Six Months Ended June 30, 2,019 Banking Insurance Consolidated Net interest income $ 49,383 $ — $ 49,383 Provision for loan loss (1,483 ) - (1,483 ) Noninterest income 22,933 2,845 25,778 Noninterest expense (58,170 ) (1,796 ) (59,966 ) Income before income taxes 12,663 1,049 13,712 Income tax (expense) benefit (2,730 ) (129 ) (2,859 ) Net income $ 9,933 $ 920 $ 10,853

FAIR VALUE DISCLOSURES (Tables)

FAIR VALUE DISCLOSURES (Tables)	6 Months Ended
	Jun. 30, 2020
FAIR VALUE DISCLOSURES [Abstract]
Assets (Liabilities) Measured at Fair Value on Recurring and Non-Recurring Basis	The following table summarizes fair value measurements: Level 1 Level 2 Level 3 Total June 30, 2020 Assets (liabilities) measured at fair value on a recurring basis: Securities available for sale: U.S. government and agencies $ — $ 4,816 $ — $ 4,816 State and municipal — 224,032 — 224,032 Mortgage-backed securities — 358,304 — 358,304 Collateralized mortgage obligations — 107,562 — 107,562 Asset-backed and other amortizing securities — 35,960 — 35,960 Loans held for sale (mandatory) — 88,980 — 88,980 Mortgage servicing rights — 3,776 — 3,776 Asset derivatives — 4,275 — 4,275 Liability derivatives — (4,038 ) — (4,038 ) Assets measured at fair value on a non-recurring basis: Impaired loans — — 7,292 7,292 Other real estate owned — — 1,335 1,335 Loans held for sale (best efforts) — 3,794 — 3,794 December 31, 2019 Assets (liabilities) measured at fair value on a recurring basis: Securities available for sale: U.S. government and agencies $ — $ 4,807 $ — $ 4,807 State and municipal — 94,692 — 94,692 Mortgage-backed securities — 464,516 — 464,516 Collateralized mortgage obligations — 107,289 — 107,289 Asset-backed and other amortizing securities — 36,346 — 36,346 Loans held for sale (mandatory) — 32,809 — 32,809 Mortgage servicing rights — 2,054 — 2,054 Asset derivatives — 814 — 814 Liability derivatives — (492 ) — (492 ) Assets measured at fair value on a non-recurring basis: Impaired loans — — 3,642 3,642 Other real estate owned — — 1,883 1,883 Loans held for sale (best efforts) — 16,226 — 16,226
Quantitative Information about Non-Recurring Level 3 Fair Value Measurements	The following table presents quantitative information about non-recurring Level 3 fair value measurements: Fair Value Valuation Techniques Unobservable Inputs Range of Discounts June 30, 2020 Impaired loans $ 7,292 Third party appraisals or inspections Collateral discounts and selling costs 0% % Other real estate owned 1,335 Third party appraisals or inspections Collateral discounts and selling costs 15% % December 31, 2019 Impaired loans $ 3,642 Third party appraisals or inspections Collateral discounts and selling costs 0% % Other real estate owned 1,883 Third party appraisals or inspections Collateral discounts and selling costs 15% %
Estimated Fair Values, and Related Carrying Amounts of Financial Instruments	The estimated fair values, and related carrying amounts, of the Company’s financial instruments are as follows: Carrying Amount Level 1 Level 2 Level 3 Total Fair Value June 30, 2020 Financial assets: Cash and cash equivalents $ 256,101 $ 256,101 $ — $ — $ 256,101 Loans, net 2,291,081 — — 2,295,647 2,295,647 Accrued interest receivable 13,598 — 13,598 — 13,598 Bank-owned life insurance 70,071 — 70,071 — 70,071 Financial liabilities: Deposits $ 2,947,837 $ 2,717,245 $ 235,345 $ — $ 2,952,590 Accrued interest payable 1,757 — 1,757 — 1,757 Notes payable & other borrowings 170,000 — 170,000 — 170,000 Junior subordinated deferrable interest debentures 46,393 — 46,393 — 46,393 Subordinated debt securities 26,472 — 26,472 — 26,472 Carrying Amount Level 1 Level 2 Level 3 Total Fair Value December 31, 2019 Financial assets: Cash and cash equivalents $ 158,099 $ 158,099 $ — $ — $ 158,099 Loans, net 2,119,426 — — 2,123,289 2,123,289 Accrued interest receivable 13,924 — 13,924 — 13,924 Bank-owned life insurance 69,397 — 69,397 — 69,397 Financial liabilities: Deposits $ 2,696,857 $ 2,354,999 $ 346,194 $ — $ 2,701,193 Accrued interest payable 2,283 — 2,283 — 2,283 Notes payable & other borrowings 95,000 — 95,000 — 95,000 Junior subordinated deferrable interest debentures 46,393 — 46,393 — 46,393 Subordinated debt securities 26,472 — 26,472 — 26,472

BUSINESS COMBINATIONS (Tables)

BUSINESS COMBINATIONS (Tables)	6 Months Ended
	Jun. 30, 2020
West Texas State Bank [Member]
Business Combinations [Abstract]
Fair Value of the Assets Acquired and Liabilities Assumed	Fair values of the assets acquired and liabilities assumed in this transaction as of the closing date are as follows: Cash paid $ 76,100 Assets acquired: Cash and cash equivalents $ 77,903 Interest-bearing time deposits in banks 52,700 Federal funds purchased 26,468 Securities available for sale 68,398 Loans held for investment 195,228 Bank-owned life insurance 10,932 Premises and equipment, net 4,132 Accrued interest receivable 1,114 Core deposit intangible 6,679 Other assets 2,648 Total assets acquired $ 446,202 Liabilities assumed Deposits $ 386,176 Accrued interest payable 55 Deferred tax liability 762 Other liabilities 2,884 Total liabilities assumed $ 389,877 Net assets acquired $ 56,325 Goodwill recorded in acquisition $ 19,775
Windmark Insurance Agency, Inc. [Member] | Crop Insurance Agency in Nebraska [Member]
Business Combinations [Abstract]
Fair Value of the Assets Acquired and Liabilities Assumed	Fair value of the assets acquired in this transaction as of the closing date are as follows: Cash paid $ 687 Assets acquired: Premises and equipment, net $ 24 Customer list 512 Other intangible assets 151 Total assets acquired $ 687

SUMMARY OF SIGNIFICANT ACCOUN_4

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details) $ / shares in Units, $ in Thousands	Mar. 11, 2019$ / sharesshares	Jun. 30, 2020USD ($)$ / sharesshares	Jun. 30, 2020USD ($)$ / sharesshares	Dec. 31, 2019$ / sharesshares	Mar. 10, 2019shares
Change in Capital Structure [Abstract]
Number of shares of common stock authorized (in shares) | shares	30,000,000	30,000,000	30,000,000	30,000,000	1,000,000
Common stock, par value (in dollars per share) | $ / shares	$ 1	$ 1	$ 1	$ 1
Stock split ratio	29
Loans [Abstract]
Number of days principal or interest payments are past due for loans to be placed on nonaccrual status			90 days
Minimum [Member]
Allowance for Loan Losses [Abstract]
Threshold balance of loan to be specifically reviewed for impairment			$ 250
City Bank [Member] | Bank Subsidiary [Member]
Subsidiaries Information [Abstract]
Wholly Owned, Consolidated Subsidiaries			City Bank
Windmark Insurance Agency, Inc. ("Windmark") [Member] | Non-bank Subsidiary [Member]
Subsidiaries Information [Abstract]
Wholly Owned, Consolidated Subsidiaries			Windmark Insurance Agency, Inc. ("Windmark")
Ruidoso Retail, Inc. [Member] | Non-bank Subsidiary [Member]
Subsidiaries Information [Abstract]
Wholly Owned, Consolidated Subsidiaries			Ruidoso Retail, Inc.
CB Provence, LLC [Member] | Non-bank Subsidiary [Member]
Subsidiaries Information [Abstract]
Wholly Owned, Consolidated Subsidiaries			CB Provence, LLC
CBT Brushy Creek, LLC [Member] | Non-bank Subsidiary [Member]
Subsidiaries Information [Abstract]
Wholly Owned, Consolidated Subsidiaries			CBT Brushy Creek, LLC
CBT Properties, LLC [Member] | Non-bank Subsidiary [Member]
Subsidiaries Information [Abstract]
Wholly Owned, Consolidated Subsidiaries			CBT Properties, LLC
South Plains Financial Capital Trusts (SPFCT) III-V [Member] | Non-bank Subsidiary [Member]
Subsidiaries Information [Abstract]
Wholly Owned, Equity Method Subsidiaries			South Plains Financial Capital Trusts (SPFCT) III-V
Substandard or Worse [Member] | Minimum [Member]
Allowance for Loan Losses [Abstract]
Threshold balance of loan to be specifically reviewed for impairment		$ 250
Customer Relationships [Member]
Goodwill and Other Intangible Assets [Abstract]
Estimated useful lives			5 years
Employment Agreements [Member]
Goodwill and Other Intangible Assets [Abstract]
Estimated useful lives			5 years
Core Deposits Intangible [Member] | Maximum [Member]
Goodwill and Other Intangible Assets [Abstract]
Estimated useful lives			10 years

SECURITIES, Available for Sale

SECURITIES, Available for Sale (Details) - USD ($) $ in Thousands	Jun. 30, 2020	Dec. 31, 2019
Available for sale [Abstract]
Amortized cost	$ 703,777	$ 706,437
Gross unrealized gains	26,915	5,412
Gross unrealized losses	(18)	(4,199)
Fair value	730,674	707,650
U.S. Government and Agencies [Member]
Available for sale [Abstract]
Amortized cost	4,750	4,750
Gross unrealized gains	66	57
Gross unrealized losses	0	0
Fair value	4,816	4,807
State and Municipal [Member]
Available for sale [Abstract]
Amortized cost	214,576	94,512
Gross unrealized gains	9,474	1,091
Gross unrealized losses	(18)	(911)
Fair value	224,032	94,692
Mortgage-backed Securities [Member]
Available for sale [Abstract]
Amortized cost	343,716	463,899
Gross unrealized gains	14,588	3,727
Gross unrealized losses	0	(3,110)
Fair value	358,304	464,516
Collateralized Mortgage Obligations [Member]
Available for sale [Abstract]
Amortized cost	107,319	107,443
Gross unrealized gains	243	15
Gross unrealized losses	0	(169)
Fair value	107,562	107,289
Asset-backed and Other Amortizing Securities [Member]
Available for sale [Abstract]
Amortized cost	33,416	35,833
Gross unrealized gains	2,544	522
Gross unrealized losses	0	(9)
Fair value	$ 35,960	$ 36,346

SECURITIES, Amortized Cost and

SECURITIES, Amortized Cost and Fair Value of Securities by Contractual Maturity (Details) - USD ($) $ in Thousands	Jun. 30, 2020	Dec. 31, 2019
Available for Sale, Amortized Cost [Abstract]
Within 1 year	$ 6,267
After 1 year through 5 years	0
After 5 years through 10 years	15,672
After 10 years	197,387
Other	484,451
Amortized cost	703,777	$ 706,437
Available for Sale, Fair Value [Abstract]
Within 1 year	6,343
After 1 year through 5 years	0
After 5 years through 10 years	16,456
After 10 years	206,050
Other	501,825
Fair value	$ 730,674	$ 707,650

SECURITIES, Securities Transfer

SECURITIES, Securities Transferred and Securities Pledged (Details) $ in Millions	6 Months Ended	12 Months Ended
	Jun. 30, 2020USD ($)Security	Dec. 31, 2019USD ($)Security
SECURITIES [Abstract]
Holdings of securities of any one issuer, other than the U.S. government and its agencies, in an amount greater than 10% of stockholders' equity | Security	0	0
Carrying value of securities pledged to collateralize public deposits and for other purposes | $	$ 268	$ 211

SECURITIES, Securities with Unr

SECURITIES, Securities with Unrealized Losses, Available for Sale (Details) $ in Thousands	Jun. 30, 2020USD ($)Security	Dec. 31, 2019USD ($)
Available for sale, Fair Value [Abstract]
Less than 12 months	$ 4,742	$ 405,209
12 months or more	0	5,048
Total	4,742	410,257
Available for sale, Unrealized Loss [Abstract]
Less than 12 months	18	4,158
12 months or more	0	41
Total	$ 18	4,199
Number of securities with an unrealized loss | Security	2
U.S. Government and Agencies [Member]
Available for sale, Fair Value [Abstract]
Less than 12 months	$ 0	0
12 months or more	0	0
Total	0	0
Available for sale, Unrealized Loss [Abstract]
Less than 12 months	0	0
12 months or more	0	0
Total	0	0
State and Municipal [Member]
Available for sale, Fair Value [Abstract]
Less than 12 months	4,742	58,389
12 months or more	0	387
Total	4,742	58,776
Available for sale, Unrealized Loss [Abstract]
Less than 12 months	18	910
12 months or more	0	1
Total	18	911
Mortgage-backed Securities [Member]
Available for sale, Fair Value [Abstract]
Less than 12 months	0	284,120
12 months or more	0	4,661
Total	0	288,781
Available for sale, Unrealized Loss [Abstract]
Less than 12 months	0	3,070
12 months or more	0	40
Total	0	3,110
Collateralized Mortgage Obligations [Member]
Available for sale, Fair Value [Abstract]
Less than 12 months	0	60,039
12 months or more	0	0
Total	0	60,039
Available for sale, Unrealized Loss [Abstract]
Less than 12 months	0	169
12 months or more	0	0
Total	0	169
Asset-backed and Other Amortizing Securities [Member]
Available for sale, Fair Value [Abstract]
Less than 12 months	0	2,661
12 months or more	0	0
Total	0	2,661
Available for sale, Unrealized Loss [Abstract]
Less than 12 months	0	9
12 months or more	0	0
Total	$ 0	$ 9

LOANS HELD FOR INVESTMENT, Summ

LOANS HELD FOR INVESTMENT, Summary of Loans by Category (Details) $ in Thousands	6 Months Ended
	Jun. 30, 2020USD ($)Category	Mar. 31, 2020USD ($)	Dec. 31, 2019USD ($)	Jun. 30, 2019USD ($)	Mar. 31, 2019USD ($)	Dec. 31, 2018USD ($)
Summary of Loans by Category [Abstract]
Loans, gross	$ 2,331,716		$ 2,143,623
Allowance for loan losses	(40,635)	$ (29,074)	(24,197)	$ (24,171)	$ (23,381)	$ (23,126)
Loans, net	2,291,081		2,119,426
Commercial Real Estate [Member]
Summary of Loans by Category [Abstract]
Loans, gross	655,906		658,195
Allowance for loan losses	$ (15,156)	(7,192)	(5,049)	(5,415)	(5,335)	(5,579)
Commercial [Member]
Summary of Loans by Category [Abstract]
Number of sub-categories of loans | Category	2
Commercial [Member] | Specialized [Member]
Summary of Loans by Category [Abstract]
Loans, gross	$ 325,942		309,505
Allowance for loan losses	(6,614)	(4,555)	(2,287)	(3,346)	(2,327)	(2,516)
Commercial [Member] | General [Member]
Summary of Loans by Category [Abstract]
Loans, gross	620,905		441,398
Allowance for loan losses	(9,293)	(7,980)	(9,609)	(8,325)	(8,504)	(8,173)
Consumer [Member] | 1-4 Family Residential [Member]
Summary of Loans by Category [Abstract]
Loans, gross	360,308		362,796
Allowance for loan losses	(2,926)	(2,744)	(2,093)	(2,310)	(2,416)	(2,249)
Consumer [Member] | Auto Loans [Member]
Summary of Loans by Category [Abstract]
Loans, gross	202,263		215,209
Allowance for loan losses	(3,939)	(4,312)	(3,385)	(3,067)	(3,067)	(2,994)
Consumer [Member] | Other Consumer [Member]
Summary of Loans by Category [Abstract]
Loans, gross	69,754		74,000
Allowance for loan losses	(1,640)	(1,639)	(1,341)	(1,199)	(1,174)	(1,192)
Construction [Member]
Summary of Loans by Category [Abstract]
Loans, gross	96,638		82,520
Allowance for loan losses	$ (1,067)	$ (652)	$ (433)	$ (509)	$ (558)	$ (423)

LOANS HELD FOR INVESTMENT, Acti

LOANS HELD FOR INVESTMENT, Activity in Allowance for Loan Losses (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019	Dec. 31, 2019
LOANS HELD FOR INVESTMENT [Abstract]
Percentage of allowance for loan losses to loans held for investment	1.74%		1.74%		1.13%
Allowance for Loan Losses [Roll Forward]
Beginning Balance	$ 29,074	$ 23,381	$ 24,197	$ 23,126
Provision for loan losses	13,133	875	19,367	1,483
Charge-offs	(2,013)	(546)	(3,683)	(1,215)
Recoveries	441	461	754	777
Ending Balance	40,635	24,171	40,635	24,171
Commercial Real Estate [Member]
Allowance for Loan Losses [Roll Forward]
Beginning Balance	7,192	5,335	5,049	5,579
Provision for loan losses	7,856	(28)	9,892	(379)
Charge-offs	0	0	0	0
Recoveries	108	108	215	215
Ending Balance	15,156	5,415	15,156	5,415
Commercial [Member] | Specialized [Member]
Allowance for Loan Losses [Roll Forward]
Beginning Balance	4,555	2,327	2,287	2,516
Provision for loan losses	2,872	985	5,090	804
Charge-offs	(836)	(5)	(850)	(37)
Recoveries	23	39	87	63
Ending Balance	6,614	3,346	6,614	3,346
Commercial [Member] | General [Member]
Allowance for Loan Losses [Roll Forward]
Beginning Balance	7,980	8,504	9,609	8,173
Provision for loan losses	1,773	(324)	975	(60)
Charge-offs	(532)	(60)	(1,380)	(65)
Recoveries	72	205	89	277
Ending Balance	9,293	8,325	9,293	8,325
Consumer [Member] | 1-4 Family Residential [Member]
Allowance for Loan Losses [Roll Forward]
Beginning Balance	2,744	2,416	2,093	2,249
Provision for loan losses	181	(127)	832	28
Charge-offs	0	0	0	(19)
Recoveries	1	21	1	52
Ending Balance	2,926	2,310	2,926	2,310
Consumer [Member] | Auto Loans [Member]
Allowance for Loan Losses [Roll Forward]
Beginning Balance	4,312	3,067	3,385	2,994
Provision for loan losses	(168)	202	1,149	500
Charge-offs	(262)	(248)	(704)	(506)
Recoveries	57	46	109	79
Ending Balance	3,939	3,067	3,939	3,067
Consumer [Member] | Other Consumer [Member]
Allowance for Loan Losses [Roll Forward]
Beginning Balance	1,639	1,174	1,341	1,192
Provision for loan losses	205	216	796	429
Charge-offs	(383)	(233)	(749)	(513)
Recoveries	179	42	252	91
Ending Balance	1,640	1,199	1,640	1,199
Construction [Member]
Allowance for Loan Losses [Roll Forward]
Beginning Balance	652	558	433	423
Provision for loan losses	414	(49)	633	161
Charge-offs	0	0	0	(75)
Recoveries	1	0	1	0
Ending Balance	$ 1,067	$ 509	$ 1,067	$ 509

LOANS HELD FOR INVESTMENT, Inve

LOANS HELD FOR INVESTMENT, Investment in loans Disaggregated Based on Method of Evaluating Impairment (Details) - USD ($) $ in Thousands	Jun. 30, 2020	Dec. 31, 2019
Recorded Investment [Abstract]
Individually Evaluated	$ 8,168	$ 4,167
Collectively Evaluated	2,323,548	2,139,456
Allowance for Loan Losses [Abstract]
Individually Evaluated	876	525
Collectively Evaluated	39,759	23,672
Commercial Real Estate [Member]
Recorded Investment [Abstract]
Individually Evaluated	4,379	299
Collectively Evaluated	651,527	657,896
Allowance for Loan Losses [Abstract]
Individually Evaluated	560	0
Collectively Evaluated	14,596	5,049
Commercial [Member] | Specialized [Member]
Recorded Investment [Abstract]
Individually Evaluated	1,074	573
Collectively Evaluated	324,868	308,932
Allowance for Loan Losses [Abstract]
Individually Evaluated	190	0
Collectively Evaluated	6,424	2,287
Commercial [Member] | General [Member]
Recorded Investment [Abstract]
Individually Evaluated	878	1,396
Collectively Evaluated	620,027	440,002
Allowance for Loan Losses [Abstract]
Individually Evaluated	126	525
Collectively Evaluated	9,167	9,084
Consumer [Member] | 1-4 Family Residential [Member]
Recorded Investment [Abstract]
Individually Evaluated	1,837	1,899
Collectively Evaluated	358,471	360,897
Allowance for Loan Losses [Abstract]
Individually Evaluated	0	0
Collectively Evaluated	2,926	2,093
Consumer [Member] | Auto Loans [Member]
Recorded Investment [Abstract]
Individually Evaluated	0	0
Collectively Evaluated	202,263	215,209
Allowance for Loan Losses [Abstract]
Individually Evaluated	0	0
Collectively Evaluated	3,939	3,385
Consumer [Member] | Other Consumer [Member]
Recorded Investment [Abstract]
Individually Evaluated	0	0
Collectively Evaluated	69,754	74,000
Allowance for Loan Losses [Abstract]
Individually Evaluated	0	0
Collectively Evaluated	1,640	1,341
Construction [Member]
Recorded Investment [Abstract]
Individually Evaluated	0	0
Collectively Evaluated	96,638	82,520
Allowance for Loan Losses [Abstract]
Individually Evaluated	0	0
Collectively Evaluated	$ 1,067	$ 433

LOANS HELD FOR INVESTMENT, Impa

LOANS HELD FOR INVESTMENT, Impaired Loan Information (Details) - USD ($) $ in Thousands	6 Months Ended	12 Months Ended
	Jun. 30, 2020	Dec. 31, 2019
Impaired Loan Information [Abstract]
Unpaid Contractual Principal Balance	$ 8,587	$ 5,484
Recorded Investment With No Allowance	4,737	2,771
Recorded Investment With Allowance	3,431	1,396
Total Recorded Investment	8,168	4,167
Related Allowance	876	525
Average Recorded Investment	7,467	6,764
Minimum [Member]
Impaired Loan Information [Abstract]
Threshold balance of loan to be specifically reviewed for impairment	250
Commercial Real Estate [Member]
Impaired Loan Information [Abstract]
Unpaid Contractual Principal Balance	4,379	754
Recorded Investment With No Allowance	1,898	299
Recorded Investment With Allowance	2,481	0
Total Recorded Investment	4,379	299
Related Allowance	560	0
Average Recorded Investment	2,719	1,059
Commercial [Member] | Specialized [Member]
Impaired Loan Information [Abstract]
Unpaid Contractual Principal Balance	1,074	573
Recorded Investment With No Allowance	617	573
Recorded Investment With Allowance	457	0
Total Recorded Investment	1,074	573
Related Allowance	190	0
Average Recorded Investment	1,210	1,345
Commercial [Member] | General [Member]
Impaired Loan Information [Abstract]
Unpaid Contractual Principal Balance	878	1,839
Recorded Investment With No Allowance	385	0
Recorded Investment With Allowance	493	1,396
Total Recorded Investment	878	1,396
Related Allowance	126	525
Average Recorded Investment	1,526	2,173
Consumer [Member] | 1-4 Family [Member]
Impaired Loan Information [Abstract]
Unpaid Contractual Principal Balance	2,256	2,318
Recorded Investment With No Allowance	1,837	1,899
Recorded Investment With Allowance	0	0
Total Recorded Investment	1,837	1,899
Related Allowance	0	0
Average Recorded Investment	2,012	2,187
Consumer [Member] | Auto Loans [Member]
Impaired Loan Information [Abstract]
Unpaid Contractual Principal Balance	0	0
Recorded Investment With No Allowance	0	0
Recorded Investment With Allowance	0	0
Total Recorded Investment	0	0
Related Allowance	0	0
Average Recorded Investment	0	0
Consumer [Member] | Other Consumer [Member]
Impaired Loan Information [Abstract]
Unpaid Contractual Principal Balance	0	0
Recorded Investment With No Allowance	0	0
Recorded Investment With Allowance	0	0
Total Recorded Investment	0	0
Related Allowance	0	0
Average Recorded Investment	0	0
Construction [Member]
Impaired Loan Information [Abstract]
Unpaid Contractual Principal Balance	0	0
Recorded Investment With No Allowance	0	0
Recorded Investment With Allowance	0	0
Total Recorded Investment	0	0
Related Allowance	0	0
Average Recorded Investment	$ 0	$ 0

LOANS HELD FOR INVESTMENT, Age

LOANS HELD FOR INVESTMENT, Age Analysis on Accruing Past-due Loans and Nonaccrual Loans (Details) $ in Thousands	6 Months Ended
	Jun. 30, 2020USD ($)Point	Dec. 31, 2019USD ($)
Age Analysis on Accruing Past-due Loans and Nonaccrual Loans [Abstract]
Nonaccrual	$ 7,396	$ 4,693
Number of points on a grading scale for loans | Point	13
30-89 Days Past Due [Member]
Age Analysis on Accruing Past-due Loans and Nonaccrual Loans [Abstract]
Past Due	$ 13,528	7,179
90 Days or More Past Due [Member]
Age Analysis on Accruing Past-due Loans and Nonaccrual Loans [Abstract]
Past Due	3,076	1,352
Commercial Real Estate [Member]
Age Analysis on Accruing Past-due Loans and Nonaccrual Loans [Abstract]
Nonaccrual	4,424	162
Commercial Real Estate [Member] | 30-89 Days Past Due [Member]
Age Analysis on Accruing Past-due Loans and Nonaccrual Loans [Abstract]
Past Due	10,659	37
Commercial Real Estate [Member] | 90 Days or More Past Due [Member]
Age Analysis on Accruing Past-due Loans and Nonaccrual Loans [Abstract]
Past Due	0	116
Commercial [Member] | Specialized [Member]
Age Analysis on Accruing Past-due Loans and Nonaccrual Loans [Abstract]
Nonaccrual	795	1,172
Commercial [Member] | Specialized [Member] | 30-89 Days Past Due [Member]
Age Analysis on Accruing Past-due Loans and Nonaccrual Loans [Abstract]
Past Due	56	708
Commercial [Member] | Specialized [Member] | 90 Days or More Past Due [Member]
Age Analysis on Accruing Past-due Loans and Nonaccrual Loans [Abstract]
Past Due	283	0
Commercial [Member] | General [Member]
Age Analysis on Accruing Past-due Loans and Nonaccrual Loans [Abstract]
Nonaccrual	1,301	2,254
Commercial [Member] | General [Member] | 30-89 Days Past Due [Member]
Age Analysis on Accruing Past-due Loans and Nonaccrual Loans [Abstract]
Past Due	179	1,747
Commercial [Member] | General [Member] | 90 Days or More Past Due [Member]
Age Analysis on Accruing Past-due Loans and Nonaccrual Loans [Abstract]
Past Due	150	0
Consumer [Member] | 1-4 Family Residential [Member]
Age Analysis on Accruing Past-due Loans and Nonaccrual Loans [Abstract]
Nonaccrual	821	1,105
Consumer [Member] | 1-4 Family Residential [Member] | 30-89 Days Past Due [Member]
Age Analysis on Accruing Past-due Loans and Nonaccrual Loans [Abstract]
Past Due	1,401	1,212
Consumer [Member] | 1-4 Family Residential [Member] | 90 Days or More Past Due [Member]
Age Analysis on Accruing Past-due Loans and Nonaccrual Loans [Abstract]
Past Due	2,539	932
Consumer [Member] | Auto Loans [Member]
Age Analysis on Accruing Past-due Loans and Nonaccrual Loans [Abstract]
Nonaccrual	0	0
Consumer [Member] | Auto Loans [Member] | 30-89 Days Past Due [Member]
Age Analysis on Accruing Past-due Loans and Nonaccrual Loans [Abstract]
Past Due	324	1,468
Consumer [Member] | Auto Loans [Member] | 90 Days or More Past Due [Member]
Age Analysis on Accruing Past-due Loans and Nonaccrual Loans [Abstract]
Past Due	62	183
Consumer [Member] | Other Consumer [Member]
Age Analysis on Accruing Past-due Loans and Nonaccrual Loans [Abstract]
Nonaccrual	55	0
Consumer [Member] | Other Consumer [Member] | 30-89 Days Past Due [Member]
Age Analysis on Accruing Past-due Loans and Nonaccrual Loans [Abstract]
Past Due	723	848
Consumer [Member] | Other Consumer [Member] | 90 Days or More Past Due [Member]
Age Analysis on Accruing Past-due Loans and Nonaccrual Loans [Abstract]
Past Due	42	121
Construction [Member]
Age Analysis on Accruing Past-due Loans and Nonaccrual Loans [Abstract]
Nonaccrual	0	0
Construction [Member] | 30-89 Days Past Due [Member]
Age Analysis on Accruing Past-due Loans and Nonaccrual Loans [Abstract]
Past Due	186	1,159
Construction [Member] | 90 Days or More Past Due [Member]
Age Analysis on Accruing Past-due Loans and Nonaccrual Loans [Abstract]
Past Due	$ 0	$ 0

LOANS HELD FOR INVESTMENT, Su_2

LOANS HELD FOR INVESTMENT, Summary of Internal Classifications of Loans (Details) - USD ($) $ in Thousands	Jun. 30, 2020	Dec. 31, 2019
Loans by Internal Classifications [Abstract]
Loans	$ 2,331,716	$ 2,143,623
Pass [Member]
Loans by Internal Classifications [Abstract]
Loans	2,236,369	2,095,056
Special Mention [Member]
Loans by Internal Classifications [Abstract]
Loans	0	22,313
Substandard [Member]
Loans by Internal Classifications [Abstract]
Loans	95,347	26,254
Doubtful [Member]
Loans by Internal Classifications [Abstract]
Loans	0	0
Commercial Real Estate [Member]
Loans by Internal Classifications [Abstract]
Loans	655,906	658,195
Commercial Real Estate [Member] | Pass [Member]
Loans by Internal Classifications [Abstract]
Loans	596,000	632,641
Commercial Real Estate [Member] | Special Mention [Member]
Loans by Internal Classifications [Abstract]
Loans	0	22,313
Commercial Real Estate [Member] | Substandard [Member]
Loans by Internal Classifications [Abstract]
Loans	59,906	3,241
Commercial Real Estate [Member] | Doubtful [Member]
Loans by Internal Classifications [Abstract]
Loans	0	0
Commercial [Member] | Specialized [Member]
Loans by Internal Classifications [Abstract]
Loans	325,942	309,505
Commercial [Member] | Specialized [Member] | Pass [Member]
Loans by Internal Classifications [Abstract]
Loans	308,395	307,239
Commercial [Member] | Specialized [Member] | Special Mention [Member]
Loans by Internal Classifications [Abstract]
Loans	0	0
Commercial [Member] | Specialized [Member] | Substandard [Member]
Loans by Internal Classifications [Abstract]
Loans	17,547	2,266
Commercial [Member] | Specialized [Member] | Doubtful [Member]
Loans by Internal Classifications [Abstract]
Loans	0	0
Commercial [Member] | General [Member]
Loans by Internal Classifications [Abstract]
Loans	620,905	441,398
Commercial [Member] | General [Member] | Pass [Member]
Loans by Internal Classifications [Abstract]
Loans	610,280	428,155
Commercial [Member] | General [Member] | Special Mention [Member]
Loans by Internal Classifications [Abstract]
Loans	0	0
Commercial [Member] | General [Member] | Substandard [Member]
Loans by Internal Classifications [Abstract]
Loans	10,625	13,243
Commercial [Member] | General [Member] | Doubtful [Member]
Loans by Internal Classifications [Abstract]
Loans	0	0
Consumer [Member] | 1-4 Family Residential [Member]
Loans by Internal Classifications [Abstract]
Loans	360,308	362,796
Consumer [Member] | 1-4 Family Residential [Member] | Pass [Member]
Loans by Internal Classifications [Abstract]
Loans	354,591	356,422
Consumer [Member] | 1-4 Family Residential [Member] | Special Mention [Member]
Loans by Internal Classifications [Abstract]
Loans	0	0
Consumer [Member] | 1-4 Family Residential [Member] | Substandard [Member]
Loans by Internal Classifications [Abstract]
Loans	5,717	6,374
Consumer [Member] | 1-4 Family Residential [Member] | Doubtful [Member]
Loans by Internal Classifications [Abstract]
Loans	0	0
Consumer [Member] | Auto Loans [Member]
Loans by Internal Classifications [Abstract]
Loans	202,263	215,209
Consumer [Member] | Auto Loans [Member] | Pass [Member]
Loans by Internal Classifications [Abstract]
Loans	201,419	214,363
Consumer [Member] | Auto Loans [Member] | Special Mention [Member]
Loans by Internal Classifications [Abstract]
Loans	0	0
Consumer [Member] | Auto Loans [Member] | Substandard [Member]
Loans by Internal Classifications [Abstract]
Loans	844	846
Consumer [Member] | Auto Loans [Member] | Doubtful [Member]
Loans by Internal Classifications [Abstract]
Loans	0	0
Consumer [Member] | Other Consumer [Member]
Loans by Internal Classifications [Abstract]
Loans	69,754	74,000
Consumer [Member] | Other Consumer [Member] | Pass [Member]
Loans by Internal Classifications [Abstract]
Loans	69,468	73,716
Consumer [Member] | Other Consumer [Member] | Special Mention [Member]
Loans by Internal Classifications [Abstract]
Loans	0	0
Consumer [Member] | Other Consumer [Member] | Substandard [Member]
Loans by Internal Classifications [Abstract]
Loans	286	284
Consumer [Member] | Other Consumer [Member] | Doubtful [Member]
Loans by Internal Classifications [Abstract]
Loans	0	0
Construction [Member]
Loans by Internal Classifications [Abstract]
Loans	96,638	82,520
Construction [Member] | Pass [Member]
Loans by Internal Classifications [Abstract]
Loans	96,216	82,520
Construction [Member] | Special Mention [Member]
Loans by Internal Classifications [Abstract]
Loans	0	0
Construction [Member] | Substandard [Member]
Loans by Internal Classifications [Abstract]
Loans	422	0
Construction [Member] | Doubtful [Member]
Loans by Internal Classifications [Abstract]
Loans	$ 0	$ 0

LOANS HELD FOR INVESTMENT, COVI

LOANS HELD FOR INVESTMENT, COVID-19 Related Deferral and Modification (Details) $ in Thousands	6 Months Ended
	Jun. 30, 2020USD ($)Loan	Dec. 31, 2019USD ($)
CARES Act [Abstract]
Troubled debt restructurings	$ 0	$ 0
Covid-19 [Member]
CARES Act [Abstract]
Percentage of loans modified under CARES Act	2.10%
Number of outstanding loans subject to deferral and modification agreements | Loan	19
Amount of outstanding loans subject to deferral and modification agreements	$ 48,800
Covid-19 [Member] | Short-term Deferral Modification Program [Member]
CARES Act [Abstract]
Amount of loans modified under CARES Act	$ 415,600
Percentage of loans modified under CARES Act	17.80%
Commercial [Member] | Covid-19 [Member] | Short-term Deferral Modification Program [Member] | Interest-Only Payment [Member]
CARES Act [Abstract]
Amount of loans modified under CARES Act	$ 298,100
Period of loan modification	6 months
Commercial [Member] | Covid-19 [Member] | Short-term Deferral Modification Program [Member] | Payment Deferrals [Member]
CARES Act [Abstract]
Amount of loans modified under CARES Act	$ 68,100
Period of loan modification	90 days
Consumer [Member] | Covid-19 [Member] | Short-term Deferral Modification Program [Member] | Payment Deferrals [Member]
CARES Act [Abstract]
Amount of loans modified under CARES Act	$ 49,400
Consumer [Member] | Covid-19 [Member] | Short-term Deferral Modification Program [Member] | Payment Deferrals [Member] | Minimum [Member]
CARES Act [Abstract]
Period of loan modification	1 month
Consumer [Member] | Covid-19 [Member] | Short-term Deferral Modification Program [Member] | Payment Deferrals [Member] | Maximum [Member]
CARES Act [Abstract]
Period of loan modification	4 months

GOODWILL AND INTANGIBLES (Detai

GOODWILL AND INTANGIBLES (Details) - USD ($) $ in Thousands	6 Months Ended	12 Months Ended
	Jun. 30, 2020	Dec. 31, 2019
Goodwill and Other Intangible Assets [Abstract]
Beginning goodwill	$ 18,757	$ 0
Arising from business combinations	0	18,757
Measurement period acquisition adjustment	1,211	0
Ending goodwill	19,968	18,757
Amortized Intangible Assets [Abstract]
Other intangible assets, net	8,446	8,632
Customer Relationship Intangibles [Member]
Amortized Intangible Assets [Abstract]
Other intangible assets, gross	6,679	6,679
Less: Accumulated amortization	(809)	(202)
Other intangible assets, net	5,870	6,477
Other Intangibles [Member]
Amortized Intangible Assets [Abstract]
Other intangible assets, gross	2,309	2,309
Arising from business combinations	663	0
Less: Accumulated amortization	(396)	(154)
Other intangible assets, net	$ 2,576	$ 2,155

BORROWING ARRANGEMENTS (Details

BORROWING ARRANGEMENTS (Details) - USD ($) $ in Millions	1 Months Ended	6 Months Ended
	Apr. 30, 2020	Jun. 30, 2020	Dec. 31, 2018
Subordinated Debt Securities Issued in December 2018 [Member]
Subordinated Debt Securities [Abstract]
Debt instrument, face amount			$ 26.5
Subordinated Debt Securities Issued in December 2018 [Member] | Debt Securities One [Member]
Subordinated Debt Securities [Abstract]
Debt instrument, face amount			$ 12.4
Debt instrument, maturity date		Dec. 31, 2028
Debt instrument, initial interest rate			5.74%
Debt instrument, period of fixed interest rate		5 years
Debt instrument, variable interest rate, floor		4.50%
Debt instrument, variable interest rate, ceiling		7.50%
Subordinated Debt Securities Issued in December 2018 [Member] | Debt Securities One [Member] | Maximum [Member]
Subordinated Debt Securities [Abstract]
Remaining maturity period during which debt can be called		5 years
Subordinated Debt Securities Issued in December 2018 [Member] | Debt Securities Two [Member]
Subordinated Debt Securities [Abstract]
Debt instrument, face amount			$ 14.1
Debt instrument, maturity date		Dec. 31, 2030
Debt instrument, initial interest rate			6.41%
Debt instrument, period of fixed interest rate		7 years
Debt instrument, variable interest rate, floor		4.50%
Debt instrument, variable interest rate, ceiling		7.50%
Subordinated Debt Securities Issued in December 2018 [Member] | Debt Securities Two [Member] | Maximum [Member]
Subordinated Debt Securities [Abstract]
Remaining maturity period during which debt can be called		5 years
FHLB Advances [Member]
Subordinated Debt Securities [Abstract]
Amount borrowed from FHLB for liquidity needs associated with funding Paycheck Protection Program loans	$ 75
Debt instrument, term	3 months

STOCK-BASED COMPENSATION (Detai

STOCK-BASED COMPENSATION (Details) - 2019 Equity Incentive Plan [Member]	Mar. 06, 2019shares
Equity Incentive Plan [Abstract]
Maximum aggregate number of shares of common stock that may be issued (in shares)	2,300,000
Maximum [Member]
Equity Incentive Plan [Abstract]
Annual increase in number of shares that may be issued	3.00%

STOCK-BASED COMPENSATION, Stock

STOCK-BASED COMPENSATION, Stock Options Activity (Details) - 2019 Equity Incentive Plan [Member] - Stock Option [Member] - USD ($) $ / shares in Units, $ in Thousands	6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019
Number of Shares [Roll Forward]
Outstanding at beginning of year (in shares)	1,462,997
Granted (in shares)	248,966
Exercised (in shares)	(27,851)	0
Forfeited (in shares)	(20,151)
Expired (in shares)	0
Balance at end of period (in shares)	1,663,961
Exercisable at end of period (in shares)	1,058,090
Vested at end of period (in shares)	1,058,090
Weighted-Average Exercise Price [Abstract]
Outstanding at beginning of year (in dollars per share)	$ 13.42
Granted (in dollars per share)	20.93
Exercised (in dollars per share)	10.72
Forfeited (in dollars per share)	17.86
Expired (in dollars per share)	0
Balance at end of period (in dollars per share)	14.54
Exercisable at end of period (in dollars per share)	12.04
Vested at end of period (in dollars per share)	$ 12.04
Weighted Average Remaining Contractual Life in Years [Abstract]
Options Outstanding	6 years 2 months 16 days
Exercisable at end of period	5 years 5 months 5 days
Vested at end of period	5 years 5 months 5 days
Aggregate Intrinsic Value [Abstract]
Balance at end of period	$ 3,040
Exercisable at end of period	3,040
Vested at end of period	$ 3,040

STOCK-BASED COMPENSATION, Fair

STOCK-BASED COMPENSATION, Fair Value Assumptions (Details) - USD ($) $ / shares in Units, $ in Thousands	May 06, 2019	Jun. 30, 2020	Jun. 30, 2019
Equity Incentive Plan [Abstract]
Stock option modified from liabilities to equity (in shares)	750,000
Fair value of stock options after modification	$ 11,200
Amount reclassified from liabilities to equity in conversion	11,500
Minimum [Member]
Equity Incentive Plan [Abstract]
Expiration period of options with accelerated vesting due to modification from liabilities to equity		2 years
Maximum [Member]
Equity Incentive Plan [Abstract]
Expiration period of options with accelerated vesting due to modification from liabilities to equity		4 years
Stock Appreciation Rights (SARs) [Member]
Equity Incentive Plan [Abstract]
Fair value of share-based equity awards at conversion date	$ 11,500
Stock Option [Member]
Summary of Assumptions Used to Calculate Fair Value of Awards [Abstract]
Expected volatility		27.46%	28.64%
Expected dividend yield		0.70%	0.70%
Expected term		6 years 2 months 12 days	7 years
Risk-free interest rate		1.44%	2.63%
Weighted average grant date fair value (in dollars per share)		$ 5.68	$ 8.61
2019 Equity Incentive Plan [Member] | Stock Appreciation Rights (SARs) [Member]
Equity Incentive Plan [Abstract]
Number of outstanding shares converted (in shares)	1,401,000
2019 Equity Incentive Plan [Member] | Stock Option [Member]
Equity Incentive Plan [Abstract]
Intrinsic value of options exercised		$ 185
Options exercised (in shares)		27,851	0

STOCK-BASED COMPENSATION, Restr

STOCK-BASED COMPENSATION, Restricted Stock Units (Details) - Restricted Stock Units [Member] - USD ($) $ / shares in Units, $ in Thousands	6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019
Number of Shares [Roll Forward]
Outstanding at beginning of year (in shares)	81,200
Granted (in shares)	5,970
Vested (in shares)	(24,694)
Forfeited (in shares)	0
Balance at ending of period (in shares)	62,476
Weighted-Average Exercise Price [Abstract]
Outstanding at beginning of year (in dollars per share)	$ 19.46
Granted (in dollars per share)	20.93
Vested (in dollars per share)	19.79
Forfeited (in dollars per share)	0
Balance at ending of period (in dollars per share)	$ 19.47
Award vesting period	5 years
Unrecognized compensation cost	$ 3,700
Weighted average remaining period, recognition of compensation cost	1 year 10 months 28 days
Fair value of restricted stock units vested	$ 489
Vested at end of period (in shares)		0

COMMITMENTS AND CONTINGENCIES_2

COMMITMENTS AND CONTINGENCIES (Details) - USD ($) $ in Thousands	Jun. 30, 2020	Dec. 31, 2019
FHLB Letters of Credit [Abstract]
Letters of credit outstanding balance	$ 199,000	$ 199,000
Commitments to Grant Loans and Unfunded Commitments Under Lines of Credit [Member]
Financial instruments with off-balance-sheet risk [Abstract]
Financial instruments whose contract amounts represent credit risk outstanding	460,429	409,969
Standby Letters of Credit [Member]
Financial instruments with off-balance-sheet risk [Abstract]
Financial instruments whose contract amounts represent credit risk outstanding	$ 9,833	$ 10,748

CAPITAL AND REGULATORY MATTER_2

CAPITAL AND REGULATORY MATTERS (Details) $ in Thousands	Jun. 30, 2020USD ($)	Dec. 31, 2019USD ($)
Consolidated [Member]
Total Capital to Risk Weighted Assets [Abstract]
Actual, Amount	$ 395,127	$ 373,684
Actual, Ratio	0.1432	0.1488
Minimum Required Under BASEL III Fully Phased-In, Amount	$ 289,774	$ 263,769
Minimum Required Under BASEL III Fully Phased-In, Ratio	0.1050	0.1050
Tier I Capital to Risk Weighted Assets [Abstract]
Actual, Amount	$ 334,080	$ 322,835
Actual, Ratio	0.1211	0.1285
Minimum Required Under BASEL III Fully Phased-In, Amount	$ 234,579	$ 213,527
Minimum Required Under BASEL III Fully Phased-In, Ratio	0.0850	0.0850
Common Equity Tier 1 to Risk Weighted Assets [Abstract]
Actual, Amount	$ 289,080	$ 277,835
Actual, Ratio	0.1047	0.1106
Minimum Required Under BASEL III Fully Phased-In, Amount	$ 193,183	$ 175,846
Minimum Required Under BASEL III Fully Phased-In, Ratio	0.0700	0.0700
Tier I Capital to Average Assets [Abstract]
Actual, Amount	$ 334,080	$ 322,835
Actual, Ratio	0.0960	0.1074
Minimum Required Under BASEL III Fully Phased-In, Amount	$ 140,247	$ 120,219
Minimum Required Under BASEL III Fully Phased-In, Ratio	0.0400	0.0400
City Bank [Member]
Total Capital to Risk Weighted Assets [Abstract]
Actual, Amount	$ 383,541	$ 368,322
Actual, Ratio	0.1390	0.1467
Minimum Required Under BASEL III Fully Phased-In, Amount	$ 289,704	$ 263,702
Minimum Required Under BASEL III Fully Phased-In, Ratio	0.1050	0.1050
To Be Well Capitalized Under Prompt Corrective Action Provisions, Amount	$ 275,908	$ 251,145
To Be Well Capitalized Under Prompt Corrective Action Provisions, Ratio	0.1000	0.1000
Tier I Capital to Risk Weighted Assets [Abstract]
Actual, Amount	$ 348,975	$ 343,945
Actual, Ratio	0.1265	0.1370
Minimum Required Under BASEL III Fully Phased-In, Amount	$ 234,522	$ 213,473
Minimum Required Under BASEL III Fully Phased-In, Ratio	0.0850	0.0850
To Be Well Capitalized Under Prompt Corrective Action Provisions, Amount	$ 220,726	$ 200,916
To Be Well Capitalized Under Prompt Corrective Action Provisions, Ratio	0.0800	0.0800
Common Equity Tier 1 to Risk Weighted Assets [Abstract]
Actual, Amount	$ 348,975	$ 343,945
Actual, Ratio	0.1265	0.1370
Minimum Required Under BASEL III Fully Phased-In, Amount	$ 193,136	$ 175,801
Minimum Required Under BASEL III Fully Phased-In, Ratio	0.0700	0.0700
To Be Well Capitalized Under Prompt Corrective Action Provisions, Amount	$ 179,340	$ 163,244
To Be Well Capitalized Under Prompt Corrective Action Provisions, Ratio	0.0650	0.0650
Tier I Capital to Average Assets [Abstract]
Actual, Amount	$ 348,975	$ 343,945
Actual, Ratio	0.1004	0.1145
Minimum Required Under BASEL III Fully Phased-In, Amount	$ 140,170	$ 121,235
Minimum Required Under BASEL III Fully Phased-In, Ratio	0.0400	0.0400
To Be Well Capitalized Under Prompt Corrective Action Provisions, Amount	$ 173,817	$ 150,175
To Be Well Capitalized Under Prompt Corrective Action Provisions, Ratio	0.0500	0.0500

DERIVATIVES (Details)

DERIVATIVES (Details) - Fair Value Hedging [Member] - USD ($) $ in Thousands	Jun. 30, 2020	Dec. 31, 2019
Interest Rate Swaps [Member] | Other Liabilities [Member]
Fair value hedges included in Consolidated Balance Sheets [Abstract]
Derivative liability, notional amount	$ 10,401	$ 10,557
Derivative liability, fair value	1,078	351
Interest Rate Swaps [Member] | Other Assets [Member]
Fair value hedges included in Consolidated Balance Sheets [Abstract]
Derivative asset, notional amount	0	0
Derivative asset, fair value	0	0
Cash Flow Swaps [Member] | Other Liabilities [Member]
Fair value hedges included in Consolidated Balance Sheets [Abstract]
Derivative liability, notional amount	123,760	0
Derivative liability, fair value	2,103	0
Cash Flow Swaps [Member] | Other Assets [Member]
Fair value hedges included in Consolidated Balance Sheets [Abstract]
Derivative asset, notional amount	0	0
Derivative asset, fair value	$ 0	$ 0

DERIVATIVES, Mortgage Banking D

DERIVATIVES, Mortgage Banking Derivatives (Details) - Mortgage Banking [Member] - USD ($) $ in Thousands	Jun. 30, 2020	Dec. 31, 2019
Other Assets [Member]
Notional amount and fair value of mortgage banking derivatives in Consolidated Balance Sheets [Abstract]
Derivative asset, notional amount	$ 186,175	$ 52,875
Derivative asset, fair value	4,275	814
Other Liabilities [Member]
Notional amount and fair value of mortgage banking derivatives in Consolidated Balance Sheets [Abstract]
Derivative liability, notional amount	156,022	58,948
Derivative liability, fair value	857	141
Forward Contracts [Member] | Other Assets [Member]
Notional amount and fair value of mortgage banking derivatives in Consolidated Balance Sheets [Abstract]
Derivative asset, notional amount	0	0
Derivative asset, fair value	0	0
Forward Contracts [Member] | Other Liabilities [Member]
Notional amount and fair value of mortgage banking derivatives in Consolidated Balance Sheets [Abstract]
Derivative liability, notional amount	156,022	58,948
Derivative liability, fair value	857	141
Interest Rate Lock Commitments [Member] | Other Assets [Member]
Notional amount and fair value of mortgage banking derivatives in Consolidated Balance Sheets [Abstract]
Derivative asset, notional amount	186,175	52,875
Derivative asset, fair value	4,275	814
Interest Rate Lock Commitments [Member] | Other Liabilities [Member]
Notional amount and fair value of mortgage banking derivatives in Consolidated Balance Sheets [Abstract]
Derivative liability, notional amount	0	0
Derivative liability, fair value	$ 0	$ 0

EARNINGS PER SHARE (Details)

EARNINGS PER SHARE (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Basic [Abstract]
Net income	$ 5,615	$ 6,080	$ 12,698	$ 10,853
Weighted average common shares outstanding - basic (in shares)	18,061,705	16,459,366	18,052,405	15,620,106
Effect of dilutive securities [Abstract]
Stock-based compensation awards (in shares)	162,925	104,177	290,871	104,215
Weighted average common shares outstanding - diluted (in shares)	18,224,630	16,563,543	18,343,276	15,724,321
Basic earnings per share (in dollars per share)	$ 0.31	$ 0.37	$ 0.70	$ 0.69
Diluted earnings per share (in dollars per share)	$ 0.31	$ 0.37	$ 0.69	$ 0.69

SEGMENT INFORMATION (Details)

SEGMENT INFORMATION (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Financial results by reportable segments [Abstract]
Net interest income	$ 30,448	$ 24,837	$ 60,647	$ 49,383
Provision for loan loss	(13,133)	(875)	(19,367)	(1,483)
Noninterest income	24,896	13,703	43,771	25,778
Noninterest expense	(35,207)	(29,930)	(69,218)	(59,966)
Income before income taxes	7,004	7,735	15,833	13,712
Income tax (expense) benefit	(1,389)	(1,655)	(3,135)	(2,859)
Net income	5,615	6,080	12,698	10,853
Banking [Member] | Operating Segments [Member]
Financial results by reportable segments [Abstract]
Net interest income	30,448	24,837	60,647	49,383
Provision for loan loss	(13,133)	(875)	(19,367)	(1,483)
Noninterest income	23,896	12,563	41,657	22,933
Noninterest expense	(34,061)	(29,098)	(66,892)	(58,170)
Income before income taxes	7,150	7,427	16,045	12,663
Income tax (expense) benefit	(1,358)	(1,590)	(3,117)	(2,730)
Net income	5,792	5,837	12,928	9,933
Insurance [Member] | Operating Segments [Member]
Financial results by reportable segments [Abstract]
Net interest income	0	0	0	0
Provision for loan loss	0	0	0	0
Noninterest income	1,000	1,140	2,114	2,845
Noninterest expense	(1,146)	(832)	(2,326)	(1,796)
Income before income taxes	(146)	308	(212)	1,049
Income tax (expense) benefit	(31)	(65)	(18)	(129)
Net income	$ (177)	$ 243	$ (230)	$ 920

FAIR VALUE DISCLOSURES, Assets

FAIR VALUE DISCLOSURES, Assets (Liabilities) Measured at Fair Value on Recurring and Non-Recurring Basis (Details) - USD ($) $ in Thousands	Jun. 30, 2020	Dec. 31, 2019
Securities available for sale [Abstract]
Securities available for sale	$ 730,674	$ 707,650
U.S. Government and Agencies [Member]
Securities available for sale [Abstract]
Securities available for sale	4,816	4,807
State and Municipal [Member]
Securities available for sale [Abstract]
Securities available for sale	224,032	94,692
Mortgage-Backed Securities [Member]
Securities available for sale [Abstract]
Securities available for sale	358,304	464,516
Collateralized Mortgage Obligations [Member]
Securities available for sale [Abstract]
Securities available for sale	107,562	107,289
Recurring [Member]
Securities available for sale [Abstract]
Asset-backed and other amortizing securities	35,960	36,346
Loans held for sale (mandatory)	88,980	32,809
Mortgage servicing rights	3,776	2,054
Asset derivatives	4,275	814
Liability derivatives	(4,038)	(492)
Recurring [Member] | U.S. Government and Agencies [Member]
Securities available for sale [Abstract]
Securities available for sale	4,816	4,807
Recurring [Member] | State and Municipal [Member]
Securities available for sale [Abstract]
Securities available for sale	224,032	94,692
Recurring [Member] | Mortgage-Backed Securities [Member]
Securities available for sale [Abstract]
Securities available for sale	358,304	464,516
Recurring [Member] | Collateralized Mortgage Obligations [Member]
Securities available for sale [Abstract]
Securities available for sale	107,562	107,289
Recurring [Member] | Level 1 [Member]
Securities available for sale [Abstract]
Asset-backed and other amortizing securities	0	0
Loans held for sale (mandatory)	0	0
Mortgage servicing rights	0	0
Asset derivatives	0	0
Liability derivatives	0	0
Recurring [Member] | Level 1 [Member] | U.S. Government and Agencies [Member]
Securities available for sale [Abstract]
Securities available for sale	0	0
Recurring [Member] | Level 1 [Member] | State and Municipal [Member]
Securities available for sale [Abstract]
Securities available for sale	0	0
Recurring [Member] | Level 1 [Member] | Mortgage-Backed Securities [Member]
Securities available for sale [Abstract]
Securities available for sale	0	0
Recurring [Member] | Level 1 [Member] | Collateralized Mortgage Obligations [Member]
Securities available for sale [Abstract]
Securities available for sale	0	0
Recurring [Member] | Level 2 [Member]
Securities available for sale [Abstract]
Asset-backed and other amortizing securities	35,960	36,346
Loans held for sale (mandatory)	88,980	32,809
Mortgage servicing rights	3,776	2,054
Asset derivatives	4,275	814
Liability derivatives	(4,038)	(492)
Recurring [Member] | Level 2 [Member] | U.S. Government and Agencies [Member]
Securities available for sale [Abstract]
Securities available for sale	4,816	4,807
Recurring [Member] | Level 2 [Member] | State and Municipal [Member]
Securities available for sale [Abstract]
Securities available for sale	224,032	94,692
Recurring [Member] | Level 2 [Member] | Mortgage-Backed Securities [Member]
Securities available for sale [Abstract]
Securities available for sale	358,304	464,516
Recurring [Member] | Level 2 [Member] | Collateralized Mortgage Obligations [Member]
Securities available for sale [Abstract]
Securities available for sale	107,562	107,289
Recurring [Member] | Level 3 [Member]
Securities available for sale [Abstract]
Asset-backed and other amortizing securities	0	0
Loans held for sale (mandatory)	0	0
Mortgage servicing rights	0	0
Asset derivatives	0	0
Liability derivatives	0	0
Recurring [Member] | Level 3 [Member] | U.S. Government and Agencies [Member]
Securities available for sale [Abstract]
Securities available for sale	0	0
Recurring [Member] | Level 3 [Member] | State and Municipal [Member]
Securities available for sale [Abstract]
Securities available for sale	0	0
Recurring [Member] | Level 3 [Member] | Mortgage-Backed Securities [Member]
Securities available for sale [Abstract]
Securities available for sale	0	0
Recurring [Member] | Level 3 [Member] | Collateralized Mortgage Obligations [Member]
Securities available for sale [Abstract]
Securities available for sale	0	0
Nonrecurring [Member]
Assets Measured at Fair Value on a Non-Recurring Basis [Abstract]
Impaired loans	7,292	3,642
Other real estate owned	1,335	1,883
Loans held-for-sale (best efforts)	3,794	16,226
Nonrecurring [Member] | Level 1 [Member]
Assets Measured at Fair Value on a Non-Recurring Basis [Abstract]
Impaired loans	0	0
Other real estate owned	0	0
Loans held-for-sale (best efforts)	0	0
Nonrecurring [Member] | Level 2 [Member]
Assets Measured at Fair Value on a Non-Recurring Basis [Abstract]
Impaired loans	0	0
Other real estate owned	0	0
Loans held-for-sale (best efforts)	3,794	16,226
Nonrecurring [Member] | Level 3 [Member]
Assets Measured at Fair Value on a Non-Recurring Basis [Abstract]
Impaired loans	7,292	3,642
Other real estate owned	1,335	1,883
Loans held-for-sale (best efforts)	$ 0	$ 0

FAIR VALUE DISCLOSURES, Quantit

FAIR VALUE DISCLOSURES, Quantitative Information about Non-Recurring Level 3 Fair Value Measurements (Details) - Third Party Appraisals or Inspections [Member] - Collateral Discounts and Selling Costs [Member] $ in Thousands	Jun. 30, 2020USD ($)	Dec. 31, 2019USD ($)
Fair Value Measurement Inputs and Valuation Techniques [Abstract]
Impaired loans	$ 7,292	$ 3,642
Other real estate owned	$ 1,335	$ 1,883
Minimum [Member]
Fair Value Measurement Inputs and Valuation Techniques [Abstract]
Impaired loans, discounts	0	0
Other real estate owned, discounts	0.15	0.15
Maximum [Member]
Fair Value Measurement Inputs and Valuation Techniques [Abstract]
Impaired loans, discounts	1	1
Other real estate owned, discounts	0.66	0.66

FAIR VALUE DISCLOSURES, Estimat

FAIR VALUE DISCLOSURES, Estimated Fair Values, and Related Carrying Amounts (Details) - USD ($) $ in Thousands	Jun. 30, 2020	Dec. 31, 2019
Carrying Amount [Member]
Financial assets [Abstract]
Cash and cash equivalents	$ 256,101	$ 158,099
Loans, net	2,291,081	2,119,426
Accrued interest receivable	13,598	13,924
Bank-owned life insurance	70,071	69,397
Financial liabilities [Abstract]
Deposits	2,947,837	2,696,857
Accrued interest payable	1,757	2,283
Notes payable & other borrowings	170,000	95,000
Junior subordinated deferrable interest debentures	46,393	46,393
Subordinated debt securities	26,472	26,472
Fair Value [Member]
Financial assets [Abstract]
Cash and cash equivalents	256,101	158,099
Loans, net	2,295,647	2,123,289
Accrued interest receivable	13,598	13,924
Bank-owned life insurance	70,071	69,397
Financial liabilities [Abstract]
Deposits	2,952,590	2,701,193
Accrued interest payable	1,757	2,283
Notes payable & other borrowings	170,000	95,000
Junior subordinated deferrable interest debentures	46,393	46,393
Subordinated debt securities	26,472	26,472
Level 1 [Member]
Financial assets [Abstract]
Cash and cash equivalents	256,101	158,099
Loans, net	0	0
Accrued interest receivable	0	0
Bank-owned life insurance	0	0
Financial liabilities [Abstract]
Deposits	2,717,245	2,354,999
Accrued interest payable	0	0
Notes payable & other borrowings	0	0
Junior subordinated deferrable interest debentures	0	0
Subordinated debt securities	0	0
Level 2 [Member]
Financial assets [Abstract]
Cash and cash equivalents	0	0
Loans, net	0	0
Accrued interest receivable	13,598	13,924
Bank-owned life insurance	70,071	69,397
Financial liabilities [Abstract]
Deposits	235,345	346,194
Accrued interest payable	1,757	2,283
Notes payable & other borrowings	170,000	95,000
Junior subordinated deferrable interest debentures	46,393	46,393
Subordinated debt securities	26,472	26,472
Level 3 [Member]
Financial assets [Abstract]
Cash and cash equivalents	0	0
Loans, net	2,295,647	2,123,289
Accrued interest receivable	0	0
Bank-owned life insurance	0	0
Financial liabilities [Abstract]
Deposits	0	0
Accrued interest payable	0	0
Notes payable & other borrowings	0	0
Junior subordinated deferrable interest debentures	0	0
Subordinated debt securities	$ 0	$ 0

BUSINESS COMBINATIONS, Windmark

BUSINESS COMBINATIONS, Windmark (Details) - USD ($) $ in Thousands	1 Months Ended	6 Months Ended
	Jun. 30, 2020	Jun. 30, 2020	Jun. 30, 2019
Assets Acquired and Liabilities Assumed [Abstract]
Cash paid		$ 687	$ 0
Windmark Insurance Agency, Inc. [Member] | Crop Insurance Agency in Nebraska [Member]
Assets Acquired and Liabilities Assumed [Abstract]
Cash paid	$ 687
Assets acquired [Abstract]
Premises and equipment, net	24	24
Total assets acquired	687	687
Windmark Insurance Agency, Inc. [Member] | Crop Insurance Agency in Nebraska [Member] | Customer List [Member]
Assets acquired [Abstract]
Intangible assets	512	512
Windmark Insurance Agency, Inc. [Member] | Crop Insurance Agency in Nebraska [Member] | Other Intangible Assets [Member]
Assets acquired [Abstract]
Intangible assets	$ 151	$ 151

BUSINESS COMBINATIONS, West Tex

BUSINESS COMBINATIONS, West Texas State Bank (Details) $ in Thousands	Nov. 12, 2019USD ($)Branch	Jun. 30, 2020USD ($)	Jun. 30, 2019USD ($)	Dec. 31, 2019USD ($)	Dec. 31, 2018USD ($)
Business Combinations [Abstract]
Increase in goodwill		$ 1,211		$ 0
Assets Acquired and Liabilities Assumed [Abstract]
Cash paid		687	$ 0
Liabilities assumed [Abstract]
Goodwill recorded in acquisition		19,968		18,757	$ 0
West Texas State Bank [Member]
Business Combinations [Abstract]
Number of additional branches | Branch	6
Ownership interest	100.00%
Goodwill recognized expected to be deductible for income tax purposes	$ 0
Acquisition expenses				$ 955
Non-credit impaired loans fair value	196,200
Contractual balance of non-credit impaired loans	198,400
Discount on acquired loans to be recognized into interest income	2,200
Increase in goodwill		1,200
Decrease in loans		(900)
Increase in other liabilities		$ 300
Assets Acquired and Liabilities Assumed [Abstract]
Cash paid	76,100
Assets acquired [Abstract]
Cash and cash equivalents	77,903
Interest-bearing time deposits in banks	52,700
Federal funds purchased	26,468
Securities available for sale	68,398
Loans held for investment	195,228
Bank-owned life insurance	10,932
Premises and equipment, net	4,132
Accrued interest receivable	1,114
Other assets	2,648
Total assets acquired	446,202
Liabilities assumed [Abstract]
Deposits	386,176
Accrued interest payable	55
Deferred tax liability	762
Other liabilities	2,884
Total liabilities assumed	389,877
Net assets acquired	56,325
Goodwill recorded in acquisition	19,775
West Texas State Bank [Member] | Core Deposit Intangible [Member]
Assets acquired [Abstract]
Intangible assets	$ 6,679