Select Bancorp (SLCT) 10-Q 11 May 20 2020 Q1 Quarterly report Financial data

Document And Entity Information

Document And Entity Information - shares	3 Months Ended
	Mar. 31, 2020	May 04, 2020
Document And Entity Information
Document Type	10-Q
Document Period End Date	Mar. 31, 2020
Entity Registrant Name	SELECT BANCORP, INC.
Entity Current Reporting Status	Yes
Trading Symbol	SLCT
Entity Filer Category	Accelerated Filer
Entity Small Business	true
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		18,055,692
Entity Central Index Key	0001263762
Current Fiscal Year End Date	--12-31
Document Fiscal Year Focus	2020
Document Fiscal Period Focus	Q1
Amendment Flag	false
Entity Interactive Data Current	Yes

CONSOLIDATED BALANCE SHEETS

CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Mar. 31, 2020	Dec. 31, 2019	[1]
ASSETS
Cash and due from banks	$ 20,030	$ 19,110
Interest-earning deposits in other banks	35,544	50,920
Federal funds sold	11,673	9,047
Investment securities available for sale, at fair value	64,738	72,367
Loans held for sale	1,606	928
Loans	1,039,514	1,029,975
Allowance for loan losses	(10,586)	(8,324)
NET LOANS	1,028,928	1,021,651
Accrued interest receivable	3,839	4,189
Stock in Federal Home Loan Bank of Atlanta ("FHLB"), at cost	3,059	3,045
Other non-marketable securities	718	719
Foreclosed real estate	3,737	3,533
Premises and equipment, net	17,868	17,791
Right of use lease asset	8,414	8,596
Bank owned life insurance	29,950	29,789
Goodwill	24,579	24,579
Core deposit intangible ("CDI")	1,431	1,610
Other assets	7,380	7,202
TOTAL ASSETS	1,263,494	1,275,076
Deposits:
Demand	250,031	240,305
Savings	41,815	43,128
Money market and NOW	306,051	280,145
Time	384,754	429,260
TOTAL DEPOSITS	982,651	992,838
Short-term debt	20,000	0
Long-term debt	37,372	57,372
Lease liability	8,669	8,813
Accrued interest payable	536	578
Accrued expenses and other liabilities	2,181	2,700
TOTAL LIABILITIES	1,051,409	1,062,301
Shareholders' Equity:
Preferred stock, no par value, 5,000,000 shares authorized; 0 shares issued and outstanding at March 31, 2020 and December 31, 2019
Common stock, $1.00 par value, 50,000,000 shares authorized; 18,055,692 and 18,330,058 shares issued and outstanding at March 31, 2020 and December 31, 2019, respectively	18,056	18,330
Additional paid-in capital	138,788	140,870
Retained earnings	53,779	52,675
Common stock issued to deferred compensation trust, at cost; 317,756 and 319,753 shares outstanding at March 31, 2020 and December 31, 2019, respectively	(2,791)	(2,815)
Directors' Deferred Compensation Plan Rabbi Trust	2,791	2,815
Accumulated other comprehensive income	1,462	900
TOTAL SHAREHOLDERS' EQUITY	212,085	212,775
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY	$ 1,263,494	$ 1,275,076
[1]	Derived from audited consolidated financial statements.

CONSOLIDATED BALANCE SHEETS (Pa

CONSOLIDATED BALANCE SHEETS (Parenthetical) - $ / shares	Mar. 31, 2020	Dec. 31, 2019
Preferred stock, par value (in dollars per share)	$ 0	$ 0
Preferred stock, shares authorized	5,000,000	5,000,000
Preferred Stock, Shares Issued	0	0
Preferred Stock, Shares Outstanding	0	0
Common stock, par value (in dollars per share)	$ 1	$ 1
Common stock, shares authorized	50,000,000	50,000,000
Common stock, shares issued	18,055,692	18,330,058
Common stock, shares outstanding	18,055,692	18,330,058
Deferred Comp Plan
Common stock, shares outstanding	317,756	319,753

CONSOLIDATED STATEMENTS OF OPER

CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
INTEREST INCOME
Loans	$ 13,589	$ 13,042
Federal funds sold and interest-earning deposits in other banks	168	543
Investments	421	465
TOTAL INTEREST INCOME	14,178	14,050
INTEREST EXPENSE
Money market, NOW and savings deposits	348	356
Time deposits	1,931	1,753
Short-term debt	87	26
Long-term debt	352	458
TOTAL INTEREST EXPENSE	2,718	2,593
NET INTEREST INCOME	11,460	11,457
PROVISION FOR LOAN LOSSES	2,273	112
NET INTEREST INCOME AFTER PROVISION FOR LOAN LOSSES	9,187	11,345
NON-INTEREST INCOME
Fees on the sale of mortgages	293	157
Service charges on deposit accounts	338	266
Other fees and income	813	774
TOTAL NON-INTEREST INCOME	1,444	1,197
NON-INTEREST EXPENSE
Personnel	5,632	4,971
Occupancy and equipment	931	727
Deposit insurance	(12)	105
Professional fees	372	382
CDI amortization	179	219
Merger/acquisition related expenses	39	0
Information systems	1,038	789
Foreclosure-related expenses	5	30
Other	1,063	1,081
TOTAL NON-INTEREST EXPENSE	9,247	8,304
INCOME BEFORE INCOME TAX	1,384	4,238
INCOME TAXES	280	931
NET INCOME	$ 1,104	$ 3,307
NET INCOME PER COMMON SHARE
Basic	$ 0.06	$ 0.17
Diluted	$ 0.06	$ 0.17
WEIGHTED AVERAGE COMMON SHARES OUTSTANDING
Basic	18,255,351	19,315,686
Diluted	18,287,064	19,365,354

CONSOLIDATED STATEMENTS OF COMP

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME
Net income	$ 1,104	$ 3,307
Other comprehensive income :
Unrealized gain on investment securities available for sale	731	467
Tax effect	(169)	(107)
Unrealized gain (loss) on investment securities available for sale, net	562	360
Total comprehensive income	$ 1,666	$ 3,667

CONSOLIDATED STATEMENTS OF CHAN

CONSOLIDATED STATEMENTS OF CHANGES IN SHAREHOLDERS' EQUITY - USD ($)	Preferred Stock	Common Stock	Additional paid-in Capital	Retained Earnings	Deferred Comp Plan	Common Stock Issued to Deferred Compensation Trust	Accumulated Other Comprehensive Income (loss)	Total
Balance at Dec. 31, 2018	$ 0	$ 19,312,000	$ 150,718,000	$ 39,640,000	$ 2,615,000	$ (2,615,000)	$ (59,000)	$ 209,611,000
Balance (in shares) at Dec. 31, 2018	0	19,311,505
Net income	$ 0	$ 0	0	3,307,000	0	0	0	3,307,000
Other comprehensive income (loss)	0	0	0	0	0	0	360,000	360,000
Stock option exercises	0	$ 14,000	100,000	0	0	0	0	114,000
Stock option exercises (in shares)		14,980
Stock-based compensation	0	$ 0	59,000	0	0	0	0	59,000
Directors' equity incentive plan, net	0	0	0	0	(37,000)	37,000	0	0
Balance at Mar. 31, 2019	0	$ 19,326,000	150,877,000	42,947,000	2,652,000	(2,652,000)	301,000	213,451,000
Balance (in shares) at Mar. 31, 2019		19,326,485
Balance at Dec. 31, 2019	0	$ 18,330,000	140,870,000	52,675,000	2,815,000	(2,815,000)	900,000	212,775,000	[1]
Balance (in shares) at Dec. 31, 2019		18,330,058
Net income	0	$ 0	0	1,104,000	0	0	0	1,104,000
Other comprehensive income (loss)	0	0	0	0	0	0	562,000	562,000
Stock repurchases	0	$ (275,000)	(2,193,000)	0	0	0	0	(2,468,000)
Stock repurchases ( in shares)		(275,366)
Stock option exercises	0	$ 1,000	6,000	0	0	0	0	7,000
Stock-based compensation	0	0	105,000	0	0	0	0	105,000
Directors' equity incentive plan, net	0	0	0	0	(24,000)	24,000	0	0
Balance at Mar. 31, 2020	$ 0	$ 18,056,000	$ 138,788,000	$ 53,779,000	$ 2,791,000	$ (2,791,000)	$ 1,462,000	$ 212,085,000
Balance (in shares) at Mar. 31, 2020		18,055,692
[1]	Derived from audited consolidated financial statements.

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
CASH FLOWS FROM OPERATING ACTIVITIES
Net income	$ 1,104	$ 3,307
Adjustments to reconcile net income to net cash provided by (used in) operating activities:
Provision for loan losses	2,273	112
Depreciation and amortization of premises and equipment	422	622
Amortization and accretion of investment securities	171	142
Amortization of right of use lease asset	308	0
Amortization of deferred loan fees and costs	(243)	(217)
Amortization of core deposit intangible	179	219
Stock-based compensation	105	59
Accretion on acquired loans	(105)	(200)
Increase in cash surrender value of bank-owned life insurance	(161)	(165)
Proceeds from loans held for sale	10,865	6,667
Originations of loans held for sale	(11,250)	(6,284)
Gain on sales of loans held for sale	(293)	(157)
Net loss on sale and write-downs of foreclosed real estate	0	3
Amortization of deposit premium	(7)	0
Change in assets and liabilities:
Net change in accrued interest receivable	350	(231)
Net change in other assets	(346)	(2,016)
Net change in accrued expenses and other liabilities	(561)	481
NET CASH PROVIDED BY OPERATING ACTIVITIES	2,811	2,342
CASH FLOWS FROM INVESTING ACTIVITIES
Purchase of FHLB stock	(14)	(59)
Redemption of non-marketable security	1	24
Purchase of investment securities available for sale	0	(37,948)
Maturities of investment securities available for sale	3,500	0
Mortgage-backed securities pay-downs	4,688	3,079
Net change in loans outstanding	(9,406)	(5,641)
Proceeds from sale of foreclosed real estate	0	65
Net purchases of premises and equipment	(499)	(417)
NET CASH (USED IN) INVESTING ACTIVITIES	(1,730)	(40,897)
CASH FLOWS FROM FINANCING ACTIVITIES
Net change in deposits	(10,180)	(29,461)
Repurchase stock	(2,468)	0
Repayments of lease liability	(270)	(171)
Proceeds from stock option exercises	7	114
NET CASH (USED IN) PROVIDED BY FINANCING ACTIVITIES	(12,911)	(29,518)
NET CHANGE IN CASH AND CASH EQUIVALENTS	(11,830)	(68,073)
CASH AND CASH EQUIVALENTS, BEGINNING	79,077	139,362
CASH AND CASH EQUIVALENTS, ENDING	67,247	71,289
SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION
Interest	2,760	2,741
Taxes	0	0
Non-cash transactions:
Unrealized gains (losses) on investment securities available for sale, net of tax	562	360
Transfers from loans to foreclosed real estate	$ 204	$ 26

BASIS OF PRESENTATION

BASIS OF PRESENTATION	3 Months Ended
	Mar. 31, 2020
BASIS OF PRESENTATION
BASIS OF PRESENTATION	NOTE A - BASIS OF PRESENTATION Select Bancorp, Inc. (the “Company”) is a bank holding company whose principal business activity consists of ownership of Select Bank & Trust Company (referred to as the “Bank”). In 2004, the Company formed New Century Statutory Trust I, which issued trust preferred securities to provide additional capital for general corporate purposes, including the current and future expansion of the Company. New Century Statutory Trust I is not a consolidated subsidiary of the Company. On July 25, 2014, the Company changed its name from New Century Bancorp, Inc. to Select Bancorp, Inc. following its acquisition by merger of Select Bancorp, Inc., Greenville, North Carolina (which we refer to herein as “Legacy Select”). The Company is subject to the rules and regulations of the Board of Governors of the Federal Reserve System and the North Carolina Commissioner of Banks. The Bank was originally incorporated as New Century Bank on May 19, 2000 and began banking operations on May 24, 2000. On July 25, 2014, the Company acquired Select Bank & Trust Company, Greenville, North Carolina, and changed the Bank’s legal name to Select Bank & Trust Company. On December 15, 2017, the Company acquired Premara Financial, Inc. (“Premara”) and its subsidiary Carolina Premier Bank (“Carolina Premier”) through the merger of Premara with and into the Company, followed immediately by the merger of Carolina Premier with and into the Bank. The Bank continues as the only banking subsidiary of the Company with its headquarters and operations center located in Dunn, North Carolina. The Bank is engaged in general commercial and retail banking in central and eastern North Carolina, as well as in Charlotte, North Carolina, northwest South Carolina, and the Virginia Beach -Norfolk-Newport News, VA-NC, metropolitan statistical area. The Bank is subject to the supervision and regulation of the Federal Deposit Insurance Corporation and the North Carolina Commissioner of Banks. All significant inter-company transactions and balances have been eliminated in consolidation. In management’s opinion, the financial information, which is unaudited, reflects all adjustments (consisting solely of normal recurring adjustments) necessary for a fair presentation of the financial information as of and for the three months ended March 31, 2020 and 2019, in conformity with accounting principles generally accepted in the United States of America (“GAAP”). The preparation of consolidated financial statements requires management to make estimates and assumptions that affect reported amounts of assets and liabilities at the date of the financial statements, as well as the amounts of income and expense during the reporting period. Actual results could differ from those estimates. Operating results for the three months ended March 31, 2020 are not necessarily indicative of the results that may be expected for the fiscal year ending December 31, 2020. The organization and business of the Company, accounting policies followed by the Company and other relevant information are contained in the notes to the financial statements filed as part of the Company’s 2019 Annual Report on Form 10‑K, filed with the Securities and Exchange Commission (“SEC”) on March 11, 2020. This quarterly report should be read in conjunction with the Annual Report. Certain reclassifications of the information in prior periods were made to conform to the March 31, 2020 presentation. Such reclassifications had no effect on shareholders’ equity or net income as previously reported. COVID-19 . The Company has evaluated for potential recognition and/or disclosure through the date the unaudited consolidated financial statements included in this Quarterly Report on Form 10-Q were issued. On March 11, 2020, the World Health Organization declared the outbreak of the disease caused by a novel coronavirus (“COVID-19”) as a global pandemic, which continues to spread throughout the United States and around the world. The declaration of a global pandemic indicates that almost all public commerce and related business activities must be, to varying degrees, curtailed with the goal of decreasing the rate of new infections. The outbreak of COVID-19 could adversely impact a broad range of industries in which the Company’s customers operate and impair their ability to fulfill their financial obligations to the Company. Several programs are available to businesses impacted by COVID-19 such as loans available through the Payroll Protection Program, deferrals on loan payments on existing loans and a reduced interest rate program available to financial institutions through the Federal Reserve Bank. On March 3, 2020, the Federal Open Market Committee reduced the target federal funds rate by 50 basis points to 1.00% to 1.25%. This rate was further reduced to a target range of 0% to 0.25% on March 16, 2020. These reductions in interest rates and other effects of the COVID-19 outbreak may adversely affect the Company’s financial condition and results of operations. As a result of the spread of COVID-19, economic uncertainties have arisen which are likely to negatively impact net interest income and noninterest income. Other financial impact could occur though such potential impact is unknown at this time.

PER SHARE RESULTS

PER SHARE RESULTS	3 Months Ended
	Mar. 31, 2020
PER SHARE RESULTS
PER SHARE RESULTS	NOTE B - PER SHARE RESULTS Basic net income per share is computed based upon the weighted average number of shares of common stock outstanding during the period. Diluted net income per share includes the dilutive effect of stock options outstanding during the period. At March 31, 2020 and 2019 there were 219,120 and 168,120 anti-dilutive stock options outstanding, respectively. Three Months Ended March 31, 2020 2019 Weighted average shares used for basic net income per share 18,255,351 19,315,686 Effect of dilutive stock options 31,713 49,668 Weighted average shares used for diluted net income per share 18,287,064 19,365,354

RECENT ACCOUNTING PRONOUNCEMENT

RECENT ACCOUNTING PRONOUNCEMENTS	3 Months Ended
	Mar. 31, 2020
RECENT ACCOUNTING PRONOUNCEMENTS
RECENT ACCOUNTING PRONOUNCEMENTS	NOTE C - RECENT ACCOUNTING PRONOUNCEMENTS The following summarizes recent accounting pronouncements and their expected impact on the Company: In June 2016, the FASB issued ASU 2016-13, Financial Instruments – Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments, guidance to change the accounting for credit losses and modify the impairment model for certain debt securities. ASU 2016-13 requires an entity to utilize a new impairment model known as the current expected credit loss ("CECL") model to estimate its lifetime "expected credit loss" and record an allowance that, when deducted from the amortized cost basis of the financial asset, presents the net amount expected to be collected on the financial asset. The CECL model is expected to result in earlier recognition of credit losses. ASU 2016-13 also requires new disclosures for financial assets measured at amortized cost, including loans and available-for-sale debt securities. The updated guidance is effective for interim and annual reporting periods beginning after December 15, 2019, including interim periods within those fiscal years. Early adoption is permitted. Entities will apply the standard's provisions as a cumulative-effect adjustment to retained earnings as of the beginning of the first reporting period in which the guidance is adopted. On October 16, 2019, the FASB voted to delay implementation of CECL until January 2023 for certain companies, including smaller reporting companies (as defined by the SEC). The Company currently qualifies as a smaller reporting company and is still assessing the impact that this new guidance will have on its consolidated financial statements. In August 2018, the FASB amended ASU 2018-13 - Fair Value Measurement (Topic 820): Disclosure Framework - Changes to the Disclosure Requirements for Fair Value Measurement topic of the Accounting Standards Codification. The amendments remove, modify, and add certain fair value disclosure requirements based on the concepts in the FASB Concepts Statement, Conceptual Framework for Financial Reporting—Chapter 8: Notes to Financial Statements . The amendments are effective for all entities for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2019. Early adoption is permitted. An entity is permitted to early adopt any removed or modified disclosures upon issuance of this ASU and delay adoption of the additional disclosures until their effective date. The adoption of these amendments did not have a material effect on its consolidated financial statements. In January 2017, the FASB issued Accounting Standards Update ("ASU") 2017-04, Intangibles - Goodwill and Other (Topic 350): Simplifying the Test for Goodwill Impairment . This ASU eliminates Step 2 from the goodwill impairment test. Under Step 2, an entity had to perform procedures to determine the fair value at the impairment testing date of its assets and liabilities (including unrecognized assets and liabilities) following the procedure that would be required in determining the fair value of assets acquired and liabilities assumed in a business combination. Instead, under the amendments in this ASU, an entity should perform its annual, or interim, goodwill impairment test by comparing the fair value of a reporting unit with its carrying amount. An entity should recognize an impairment charge for the amount by which the carrying amount exceeds the reporting unit's fair value; however, the loss recognized should not exceed the total amount of goodwill allocated to that reporting unit. Additionally, an entity should consider income tax effects from any tax deductible goodwill on the carrying amount of the reporting unit when measuring the goodwill impairment loss, if applicable. An entity still has the option to perform the qualitative assessment for a reporting unit to determine if the quantitative impairment test is necessary. This ASU eliminates the requirements for any reporting unit with a zero or negative carrying amount to perform a qualitative test. The Company adopted this ASU during the first quarter of 2020 with no impact to the consolidated financial position as a result of the adoption. In March 2020, the FASB issued Accounting Standards Update ("ASU") 2020-04 - Reference Rate Reform (Topic 848) - Facilitation of the Effects of Reference Rate Reform on Financial Reporting. This ASU provides for temporary, optional guidance to ease the potential burden in accounting for, or recognizing the effects of, reference rate reform on financial reporting. The provisions of this ASU are elective and applicable to all entities that have contracts, hedging relationships and other transactions, subject to certain criteria, that reference LIBOR or another reference rate to be discontinued because of reference rate reform. There are practical expedients and exceptions for applying generally accepted accounting principles to contract modifications and hedge accounting relationships affected by reference rate reform in order to facilitate a smoother transition to new reference rates. For contracts meeting certain criteria, a change in the contract's reference interest rate would be accounted for as a continuation of that contract rather than the creation of a new contract. This provision applies to loans, debt, leases, and other arrangements. An entity will also be permitted to preserve its hedge accounting when updating its hedging strategies in response to reference rate reform. The guidance will only apply to contracts or hedge accounting relationships that reference LIBOR or another reference rate expected to be discontinued due to reference rate reform. From time to time, the FASB issues exposure drafts for proposed statements of financial accounting standards. Such exposure drafts are subject to comment from the public, to revisions by the FASB and to final issuance by the FASB as statements of financial accounting standards. Management considers the effect of the proposed statements on the consolidated financial statements of the Company and monitors the status of changes to and proposed effective dates of exposure drafts.

FAIR VALUE MEASUREMENTS

FAIR VALUE MEASUREMENTS	3 Months Ended
	Mar. 31, 2020
FAIR VALUE MEASUREMENTS
FAIR VALUE MEASUREMENTS	NOTE D - FAIR VALUE MEASUREMENTS Accounting Standards Codification (“ASC”) 820 defines fair value, establishes a framework for measuring fair value, and expands disclosures about fair value measurements. ASC 820 does not require any new fair value measurements, but clarifies and standardizes some divergent practices that have emerged since prior guidance was issued. ASC 820 creates a three-level hierarchy under which individual fair value estimates are to be ranked based on the relative reliability of the inputs used in the valuation. Fair value estimates are made at a specific moment in time, based on relevant market information and information about the financial instrument. These estimates do not reflect any premium or discount that could result from offering for sale at one time the Company’s entire holdings of a particular financial instrument. Because no active market readily exists for a portion of the Company’s financial instruments, fair value estimates are based on judgments regarding future expected loss experience, current economic conditions, risk characteristics of various financial instruments, and other factors. These estimates are subjective in nature and involve uncertainties and matters of significant judgment and, therefore, cannot be determined with precision. Changes in assumptions could significantly affect the estimates. The following methods and assumptions were used to estimate the fair value of each class of financial instruments for which it is practicable to estimate that value: Fair Value Hierarchy The Company groups assets and liabilities at fair value in three levels, based on the markets in which the assets and liabilities are traded and the reliability of the assumptions used to determine fair value. These levels are: · Level 1 – Valuation is based upon quoted prices for identical instruments traded in active markets. · Level 2 – Valuation is based upon quoted prices for similar instruments in active markets, quoted prices for identical or similar instruments in markets that are not active and model-based valuation techniques for which all significant assumptions are observable in the market. · Level 3 – Valuation is generated from model-based techniques that use at least one significant assumption not observable in the market. These unobservable assumptions reflect estimates of assumptions that market participants would use in pricing the asset or liability. Valuation techniques include use of option pricing models, discounted cash flow models and similar techniques. The following is a description of valuation methodologies used for assets and liabilities recorded at fair value on a recurring basis. Investment Securities Available-for-Sale (“AFS”) Investment securities available-for-sale are recorded at fair value on a recurring basis. Fair value measurement is based upon quoted prices, if available. If quoted prices are not available, fair values are measured using independent pricing models or other model-based valuation techniques such as the present value of future cash flows, adjusted for the security’s credit rating, prepayment assumptions and other factors such as credit loss assumptions. Level 1 securities include those traded on an active exchange, such as the New York Stock Exchange, U.S. Treasury securities that are traded by dealers or brokers in active over-the-counter markets and money market funds. Level 2 securities include U.S. government agencies, mortgage-backed securities issued by government sponsored entities, and municipal bonds. There have been no changes in valuation techniques for the three months ended March 31, 2020. Valuation techniques are consistent with techniques used in prior periods. The following tables summarize quantitative disclosures about the fair value measurement for each category of assets carried at fair value on a recurring basis as of March 31, 2020 and December 31, 2019 (in thousands): Quoted Prices in Significant Investment securities Active Markets Other Significant available for sale for Identical Observable Unobservable March 31, 2020 Fair value Assets (Level 1) Inputs (Level 2) Inputs (Level 3) U.S. government agencies–GSE's $ 9,272 $ — $ 9,272 $ — Mortgage-backed securities–GSE's 44,482 — 44,482 — Corporate bonds 2,214 — 2,214 — Municipal bonds 8,770 — 8,770 — Total investment for sale $ 64,738 $ — $ 64,738 $ — Quoted Prices in Significant Investment securities Active Markets Other Significant available for sale for Identical Observable Unobservable December 31, 2019 Fair value Assets (Level 1) Inputs (Level 2) Inputs (Level 3) U.S. government agencies–GSE’s $ 9,996 $ — $ 9,996 $ — Mortgage-backed securities–GSE’s 47,743 — 47,743 — Corporate bonds 2,299 — 2,299 — Municipal bonds 12,329 — 12,329 — Total investment for sale $ 72,367 $ — $ 72,367 $ — The following is a description of valuation methodologies used for assets recorded at fair value on a non-recurring basis. Impaired Loans The Company does not record loans at fair value on a recurring basis. However, from time to time, a loan is considered impaired and a specific reserve in the allowance for loan losses is established. Loans for which it is probable that payment of interest and principal will not be made in accordance with the contractual terms of the loan agreement are considered impaired. Once a loan is identified as individually impaired, management measures impairment in accordance with ASC 310, “Receivables”. The fair value of impaired loans is estimated using one of several methods, including collateral value, market value of similar debt, enterprise value, or liquidation value and discounted cash flows. Those impaired loans not requiring an allowance represent loans for which the fair value of the expected repayments or collateral exceed the recorded investments in such loans. At March 31, 2020 and December 31, 2019, substantially all of the total impaired loans were evaluated based on the fair value of the collateral. Impaired loans where a specific reserve is established based on the fair value of collateral require classification in the fair value hierarchy. When the fair value of the collateral is based on an observable market price or a current appraised value, the Company records the impaired loan as non-recurring Level 2. When an appraised value is not available or management determines the fair value of the collateral is further impaired below the appraised value and there is no observable market price, the Company records the impaired loan as non-recurring Level 3. The significant unobservable input used in the fair value measurement of the Company’s impaired loans is the discount applied to appraised values to account for expected liquidation and selling costs. At March 31, 2020, the discounts used are weighted between 3% and 50%. There were no transfers between levels from the prior reporting periods, and there have been no changes in valuation techniques for the three months ended March 31, 2020. Foreclosed Real Estate Foreclosed real estate are properties recorded at the balance of the loan or an estimated fair value of the real estate collateral less estimated selling costs, whichever is less. Inputs include appraised values on the properties or recent sales activity for similar assets in the property’s market. Therefore, foreclosed real estate is classified within Level 3 of the hierarchy. The significant unobservable input used in the fair value measurement of the Company’s foreclosed real estate is the discount applied to appraised values to account for expected liquidation and selling costs. At March 31, 2020, the discounts used ranged between 6% and 10%. There have been no changes in valuation techniques for the three months ended March 31, 2020. Loans held for sale The Company originates fixed and variable rate residential mortgage loans on a service-release basis in the secondary market. Loans closed but not yet settled with an investor are carried in our loans held for sale portfolio. Virtually all of these loans have commitments to be purchased by investors and the majority of these loans were locked in by price with the investors on the same day or shortly thereafter that the loan was locked in with our customers. Therefore, these loans present very little market risk. The Company usually delivers to, and receives funding from, the investor within 30 to 60 days. Commitments to sell these loans to the investor are considered derivative contracts and are sold to investors on a “best efforts” basis. The Company is not obligated to deliver a loan or pay a penalty if a loan is not delivered to the investor. Because of the short-term nature of these derivative contracts, the fair value of the mortgage loans held for sale in most cases is materially the same as the value of the loan amount at its origination . Mortgage loans originated and intended for sale in the secondary market are carried at the lower of cost or estimated market value in the aggregate. Net unrealized losses are provided for in a valuation allowance by charges to operations as a component of mortgage banking income. Gains or losses on sales of loans are recognized when control over these assets are surrendered and are included in mortgage banking income in the consolidated statements of income. The following tables summarize quantitative disclosures about the fair value measurement for each category of assets carried at fair value on a non-recurring basis as of March 31, 2020 and December 31, 2019 (in thousands): Quoted Prices in Significant Active Markets Other Significant Asset Category for Identical Observable Unobservable March 31, 2020 Fair value Assets (Level 1) Inputs (Level 2) Inputs (Level 3) Impaired loans $ 7,201 $ — $ — $ 7,201 Foreclosed real estate 3,737 — — 3,727 Total $ 10,938 $ — $ — $ 10,938 Quoted Prices in Significant Active Markets Other Significant Asset Category for Identical Observable Unobservable December 31, 2019 Fair value Assets (Level 1) Inputs (Level 2) Inputs (Level 3) Impaired loans $ 5,941 $ — $ — $ 5,941 Foreclosed real estate 3,533 — — 3,533 Total $ 9,474 $ — $ — $ 9,474 The following table presents the carrying values and estimated fair values of the Company’s financial instruments at March 31, 2020 and December 31, 2019: March 31, 2020 Carrying Estimated Amount Fair Value Level 1 Level 2 Level 3 ( dollars in thousands) Financial assets: Cash and due from banks $ 20,030 $ 20,030 $ 20,030 $ — $ — Interest-earning deposits in other banks 35,544 35,544 35,544 — — Federal funds sold 11,673 11,673 11,673 — — Investment securities available for sale 64,738 64,738 — 64,738 — Loans held for sale 1,606 1,606 — 1,606 — Loans, net 1,028,928 1,009,919 — — 1,009,919 Accrued interest receivable 3,839 3,839 — 3,839 — Stock in FHLB 3,059 3,059 — — 3,059 Other non-marketable securities 718 718 — — 718 Financial liabilities: Deposits $ 982,651 $ 985,248 $ — $ 985,248 $ — Short-term debt 20,000 20,000 — 20,000 — Long-term debt 37,372 35,291 — 35,291 — Accrued interest payable 536 536 — 536 — December 31, 2019 Carrying Estimated Amount Fair Value Level 1 Level 2 Level 3 (dollars in thousands) Financial assets: Cash and due from banks $ 19,110 $ 19,110 $ 19,110 $ — $ — Interest-earning deposits in other banks 50,920 50,920 50,920 — — Federal funds sold 9,047 9,047 9,047 — — Investment securities available for sale 72,367 72,367 — 72,367 — Loans held for sale 928 928 — 928 — Loans, net 1,021,651 1,016,239 — — 1,016,239 Accrued interest receivable 4,189 4,189 — 4,189 — Stock in the FHLB 3,045 3,045 — — 3,045 Other non-marketable securities 719 719 — — 719 Financial liabilities: Deposits $ 992,838 $ 995,056 $ — $ 995,056 $ — Long-term debt 57,372 55,429 — 55,429 — Accrued interest payable 578 578 — 578 —

INVESTMENT SECURITIES

INVESTMENT SECURITIES	3 Months Ended
	Mar. 31, 2020
INVESTMENT SECURITIES
INVESTMENT SECURITIES	NOTE E - INVESTMENT SECURITIES The amortized cost and fair value of available for sale (“AFS”) investments, with gross unrealized gains and losses, follow: March 31, 2020 Gross Gross Amortized unrealized unrealized Fair cost gains losses value (dollars in thousands) Securities available for sale: U.S. government agencies – GSE’s $ 9,038 $ 236 $ (2) $ 9,272 Mortgage-backed securities – GSE’s 42,987 1,506 (11) 44,482 Corporate bonds 2,193 21 — 2,214 Municipal bonds 8,621 149 — 8,770 $ 62,839 $ 1,912 $ (13) $ 64,738 As of March 31, 2020, accumulated other comprehensive income included net unrealized gains totaling $1.9 million. Deferred tax assets resulting from these net unrealized losses totaled $437,000. The amortized cost and fair value of “AFS” investments, with gross unrealized gains and losses, follow: December 31, 2019 Gross Gross Amortized unrealized unrealized Fair cost gains losses value (dollars in thousands) Securities available for sale: U.S. government agencies – GSE's $ 9,839 $ 159 $ (2) $ 9,996 Mortgage-backed securities – GSE's 46,926 830 (13) 47,743 Corporate bonds 2,282 17 — 2,299 Municipal bonds 12,152 177 — 12,329 $ 71,199 $ 1,183 $ (15) $ 72,367 As of December 31, 2019, accumulated other comprehensive income included net unrealized gains totaling $1.2 million. Deferred tax liabilities resulting from these net unrealized gains totaled $269,000. The amortized cost and fair value of securities available for sale, with gross unrealized gains and losses, follow: March 31, 2020 Gross Gross Amortized unrealized unrealized Fair cost gains losses value (dollars in thousands) Securities available for sale: Within 1 year $ 9,208 $ 13 $ (6) $ 9,215 After 1 year but within 5 years 34,108 1,299 (6) 35,401 After 5 years but within 10 years 6,457 129 (1) 6,585 After 10 years 13,066 471 — 13,537 $ 62,839 $ 1,912 $ (13) $ 64,738 December 31, 2019 Gross Gross Amortized unrealized unrealized Fair cost gains losses value (dollars in thousands) Securities available for sale: Within 1 year $ 8,901 $ 19 $ (6) $ 8,914 After 1 year but within 5 years 40,954 695 (7) 41,642 After 5 years but within 10 years 4,568 94 (1) 4,661 After 10 years 16,776 375 (1) 17,150 $ 71,199 $ 1,183 $ (15) $ 72,367 Securities with a carrying value of $21.6 million and $18.4 million at March 31, 2020 and December 31, 2019, respectively, were pledged to secure public monies on deposit as required by law, customer repurchase agreements, and access to the Federal Reserve Discount Window. None of the unrealized losses relate to the liquidity of the securities or the issuer’s ability to honor redemption obligations. The Company has the intent and ability to hold these securities to recovery. No other than temporary impairments were identified for these investments having unrealized losses for the periods ended March 31, 2020 and December 31, 2019. The Company has not incurred any losses related to securities sales in the first three months of 2020 or during the year ended December 31, 2019. The following tables show the gross unrealized losses and fair value of the Company’s investment securities, aggregated by investment category and length of time that the individual securities have been in a continuous unrealized loss position, at March 31, 2020 and December 31, 2019. March 31, 2020 Less Than 12 Months 12 Months or More Total Fair Unrealized Fair Unrealized Fair Unrealized value losses value losses value losses (dollars in thousands) Securities available for sale: U.S. government agencies – GSEs $ — $ — $ 565 $ (2) $ 565 $ (2) Mortgage-backed securities – GSEs 1,591 (6) 1,997 (5) 3,588 (11) Municipal bonds — — — — — — Total temporarily impaired securities $ 1,591 $ (6) $ 2,562 $ (7) $ 4,153 $ (13) At March 31, 2020, the Company had three securities with an unrealized loss for more than twelve months of $7,000 which consisted of two U.S. government agencies-GSEs and one mortgage-backed GSE bond. Two mortgage-backed GSEs had unrealized losses for less than twelve months totaling $6,000 at March 31, 2020. All unrealized losses are attributable to the general trend of interest rates. December 31, 2019 Less Than 12 Months 12 Months or More Total Fair Unrealized Fair Unrealized Fair Unrealized value losses value losses value losses (dollars in thousands) Securities available for sale: U.S. government agencies – GSE’s $ 872 $ — $ 621 $ (2) $ 1,493 $ (2) Mortgage-backed securities – GSE’s 2,672 (3) 3,774 (10) 6,446 (13) Corporate bonds — — — — — — Municipal bonds — — — — — — Total temporarily impaired securities $ 3,544 $ (3) $ 4,395 $ (12) $ 7,939 $ (15) At December 31, 2019, the Company had two mortgage-backed GSE’s and one U.S Government agency – GSE with an unrealized loss for twelve or more consecutive months totaling $12,000. The Company had three securities with a loss for twelve months or less at December 31, 2019. One U.S. government agency GSE and two mortgage-backed GSE’s had unrealized losses for less than twelve months totaling $3,000 at December 31, 2019. All unrealized losses are attributable to the general trend of interest rates.

LOANS

LOANS	3 Months Ended
	Mar. 31, 2020
LOANS
LOANS	NOTE F - LOANS Following is a summary of the composition of the Company’s loan portfolio at March 31, 2020 and December 31, 2019: March 31, December 31, Total Loans: 2020 2019 Percent Percent Amount of total Amount of total (dollars in thousands) Real estate loans: 1-to-4 family residential $ 153,923 14.81 % $ 151,697 14.73 % Commercial real estate 464,326 44.67 % 459,115 44.58 % Multi-family residential 70,731 6.80 % 69,124 6.71 % Construction 228,646 21.99 % 221,878 21.55 % Home equity lines of credit (“HELOC”) 43,816 4.22 % 44,514 4.32 % Total real estate loans 961,442 92.49 % 946,328 91.89 % Other loans: Commercial and industrial 72,227 6.95 % 75,748 7.35 % Loans to individuals 7,767 0.75 % 9,779 0.95 % Overdrafts 242 0.02 % 234 0.02 % Total other loans 80,236 7.72 % 85,761 8.32 % Gross loans 1,041,678 1,032,089 Less deferred loan origination fees, net (2,164) (0.21) % (2,114) (0.21) % Total loans 1,039,514 100.00 % 1,029,975 100.00 % Allowance for loan losses (10,586) (8,324) Total loans, net $ 1,028,928 $ 1,021,651 For Purchased Credit Impaired, or PCI loans, the contractually required payments including principal and interest, cash flows expected to be collected and fair values as of March 31, 2020 and December 31, 2019 were: (dollars in thousands) March 31, 2020 December 31, 2019 Contractually required payments $ 18,983 $ 20,598 Nonaccretable difference 1,574 1,694 Cash flows expected to be collected 17,409 18,904 Accretable yield 2,986 3,191 Carrying value $ 14,423 $ 15,713 Loans are primarily secured by real estate located in eastern and central North Carolina and northwestern South Carolina. Real estate loans can be affected by the condition of the local real estate market and by local economic conditions. At March 31, 2020, the Company had pre-approved but unused lines of credit for customers totaling $174.2 million. In management’s opinion, these commitments, and undisbursed proceeds on loans reflected above, represent no more than normal lending risk to the Company and will be funded from normal sources of liquidity. A floating lien of $108.6 million of loans was pledged to the FHLB to secure borrowings at March 31, 2020. The following tables present an age analysis of past due loans, segregated by class of loans as of March 31, 2020 and December 31, 2019, respectively: March 31, 2020 30-59 60-89 90+ Non- Total Days Days Days Accrual Past Total Past Due Past Due Accruing Loans Due Current Loans (dollars in thousands) Commercial and industrial $ 58 $ 977 $ 46 $ 3,746 $ 4,827 $ 67,400 $ 72,227 Construction — — — 177 177 228,469 228,646 Multi-family residential — — — — — 70,731 70,731 Commercial real estate 2,321 5 323 1,766 4,415 459,911 464,326 Loans to individuals & overdrafts 4 — — 148 152 7,857 8,009 1-to-4 family residential 883 34 813 922 2,652 151,271 153,923 HELOC 170 — — 442 612 43,204 43,816 Deferred loan (fees) cost, net — — — — — — (2,164) $ 3,436 $ 1,016 $ 1,182 $ 7,201 $ 12,835 $ 1,028,843 $ 1,039,514 December 31, 2019 30-59 60-89 90+ Non- Total Days Days Days Accrual Past Total Past Due Past Due Accruing Loans Due Current Loans (dollars in thousands) Total loans Commercial and industrial $ 1,108 $ 34 $ 46 $ 2,824 $ 4,012 $ 71,736 $ 75,748 Construction — — — 181 181 221,697 221,878 Multi-family residential — — — — — 69,124 69,124 Commercial real estate 393 82 321 1,832 2,628 456,487 459,115 Loans to individuals & overdrafts 5 — — 155 160 9,853 10,013 1-to-4 family residential 859 810 864 505 3,038 148,659 151,697 HELOC 168 — — 444 612 43,902 44,514 Deferred loan (fees) cost, net — — — — — — (2,114) $ 2,533 $ 926 $ 1,231 $ 5,941 $ 10,631 $ 1,021,458 $ 1,029,975 Impaired Loans The following tables present information on loans that were considered to be impaired as of March 31, 2020 and December 31, 2019: Three months ended As of March 31, 2020 March 31, 2020 Contractual Interest Income Unpaid Related Average Recognized on Recorded Principal Allowance Recorded Impaired Investment Balance for Loan Losses Investment Loans (dollars in thousands) With no related allowance recorded: Commercial and industrial $ 2,688 $ 4,181 $ — $ 3,684 $ 44 Construction 436 535 — 438 5 Commercial real estate 4,925 5,744 — 5,504 65 Multi-family residential — — — 269 11 Loans to individuals 255 270 — 99 — HELOC 750 953 — 734 12 1-to-4 family residential 360 1,792 — 1,735 12 Subtotal: 9,414 13,475 — 12,463 149 With an allowance recorded: Commercial and industrial 1,128 1,133 601 1,037 — Commercial real estate 140 140 96 70 — HELOC — — — — — 1-to-4 family residential 71 70 5 71 10 Subtotal: 1,339 1,343 702 1,178 10 Totals: Commercial 9,317 11,733 697 10,832 114 Consumer 255 270 — 269 11 Residential 1,181 2,815 5 2,540 34 Grand Total: $ 10,753 $ 14,818 $ 702 $ 13,641 $ 159 Impaired loans at March 31, 2020 were approximately $10.8 million and were composed of $7.2 million in non-accrual loans and $3.6 million in loans that were still accruing interest. Recorded investment represents the current principal balance of the loan. Approximately $1.3 million in impaired loans had specific allowances provided for them while the remaining $9.4 million had no specific allowances recorded at March 31, 2020. Of the $9.4 million with no allowance recorded, $373,000 of those loans have had partial charge-offs recorded. Three months ended As of December 31, 2019 March 31, 2019 Contractual Interest Income Unpaid Related Average Recognized on Recorded Principal Allowance Recorded Impaired Investment Balance for Loan Losses Investment Loans (dollars in thousands) With no related allowance recorded: Commercial and industrial $ 2,796 $ 4,051 $ — $ 3,853 $ 4 Construction 440 537 — 552 5 Commercial real estate 5,585 6,750 — 5,843 66 Multi-family residential 197 197 — 213 3 Loans to individuals & overdrafts 284 293 — 109 — HELOC 543 678 — 957 15 1-to-4 family residential 395 1,816 — 990 16 Subtotal: 10,240 14,322 — 12,517 109 With an allowance recorded: Commercial and industrial 731 1,056 403 232 6 Construction — — — — — HELOC 160 222 — — — 1-to-4 family residential 81 94 10 134 7 Subtotal: 972 1,307 413 366 13 Totals: Commercial 9,749 12,591 403 10,693 84 Consumer 284 293 — 109 — Residential 1,179 2,810 10 2,081 38 Grand Total: $ 11,212 $ 15,694 $ 413 $ 12,883 $ 122 Impaired loans at December 31, 2019 were approximately $11.2 million and included $5.9 million in non-accrual loans and $6.2 million in loans still in accruing status. Recorded investment represents the current principal balance for the loan. Approximately $972,000 of the $11.2 million in impaired loans at December 31, 2019 had specific allowances aggregating $413,000 while the remaining $10.2 million had no specific allowances recorded. Of the $10.2 million with no allowance recorded, partial charge-offs through December 31, 2019 amounted to $4.1 million. Loans are placed on non-accrual status when it has been determined that all contractual principal and interest will not be received. Any payments received on these loans are applied to principal first and then to interest only after all principal has been collected. In the case of an impaired loan that is still on accrual basis, payments are applied to both principal and interest. Troubled Debt Restructurings The following table presents loans that were modified as troubled debt restructurings (“TDRs”) with a breakdown of the types of concessions made by loan class during the first quarter of 2020 and 2019: Three months ended March 31, 2020 Three months ended March 31, 2019 Pre- Post- Pre- Post- Modification Modification Modification Modification Outstanding Outstanding Outstanding Outstanding Number Recorded Recorded Number Recorded Recorded of loans Investment Investment of loans Investment Investment (dollars in thousands) Extended payment terms: Commercial and industrial 5 $ 2,455 $ 2,360 4 $ 1,365 $ 1,275 Commercial real estate — — — 3 1,283 1,015 1-to-4 family residential 2 209 184 2 432 409 Construction 1 259 259 — — — HELOC 1 50 50 — — — Loans to individuals — — — 1 1 1 Total 9 $ 2,973 $ 2,853 10 $ 3,081 $ 2,700 The following table presents loans that were modified as TDRs within the past twelve months with a breakdown of the types for which there was a payment default during that period together with concessions made by loan class during the twelve month periods ended March 31, 2020 and 2019: Twelve months ended Twelve months ended March 31, 2020 March 31, 2019 Number Recorded Number Recorded of loans investment of loans investment (dollars in thousands) Extended payment terms: Commercial and industrial 3 $ 2,209 8 $ 1,591 Construction — — 1 34 Commercial real estate — — 3 697 Loans to Individuals — — 1 1 1-to-4 family residential — — 4 128 Total 3 $ 2,209 17 $ 2,451 At March 31, 2020, the Bank had forty-three loans with an aggregate balance of $9.3 million that were considered to be troubled debt restructurings. Of those TDRs, twenty-eight loans with a balance totaling $3.6 million were still accruing as of March 31, 2020. The remaining TDRs with balances totaling $5.7 million as of March 31, 2020 were in non-accrual status. In response to the impact of COVID - 19 payment deferrals were granted on 290 loans totaling $167.3 million through May 5, 2020. At March 31, 2019, the Bank had thirty-nine loans with an aggregate balance of $7.7 million that were considered to be troubled debt restructurings. Of those TDRs, twenty-two loans with a balance totaling $5.2 million were still accruing as of March 31, 2019. The remaining TDRs with balances totaling $2.5 million as of March 31, 2019 were in non-accrual status. The following tables present information on risk ratings of the commercial and consumer loan portfolios, segregated by loan class as of March 31, 2020 and December 31, 2019, respectively: Total loans: March 31, 2020 Commercial Credit Exposure By Commercial Commercial Internally and real Multi-family Assigned Grade industrial Construction estate residential (dollars in thousands) Superior $ 2,517 $ — $ 534 $ — Very good 244 107 1,566 — Good 5,554 8,445 59,285 6,422 Acceptable 19,928 17,821 257,167 37,544 Acceptable with care 37,540 201,837 139,746 26,765 Special mention 742 259 1,479 — Substandard 5,702 177 4,549 — Doubtful — — — — Loss — — — — $ 72,227 $ 228,646 $ 464,326 $ 70,731 Consumer Credit Exposure By Internally 1-to-4 family Assigned Grade residential HELOC Pass $ 150,325 $ 42,703 Special mention 1,133 292 Substandard 2,465 821 $ 153,923 $ 43,816 Consumer Credit Exposure Based Loans to On Payment individuals & Activity overdrafts Pass $ 7,735 Special mention 274 $ 8,009 Total Loans: December 31, 2019 Commercial Credit Exposure By Commercial Commercial Internally and real Multi-family Assigned Grade industrial Construction estate residential (dollars in thousands) Superior $ 4,014 $ — $ 337 $ — Very good 349 110 1,245 — Good 5,976 8,674 62,643 4,839 Acceptable 19,197 16,249 255,751 41,113 Acceptable with care 40,579 196,228 133,190 23,172 Special mention 242 436 1,490 — Substandard 5,391 181 4,459 — Doubtful — — — — Loss — — — — $ 75,748 $ 221,878 $ 459,115 $ 69,124 Consumer Credit Exposure By Internally 1-to-4 family Assigned Grade residential HELOC Pass $ 147,958 $ 43,585 Special mention 1,246 76 Substandard 2,493 853 $ 151,697 $ 44,514 Consumer Credit Exposure Based Loans to On Payment individuals & Activity overdrafts Pass $ 9,727 Special mention 286 $ 10,013 Determining the fair value of PCI loans at acquisition required the Company to estimate cash flows expected to result from those loans and to discount those cash flows at appropriate rates of interest. For such loans, the excess of cash flows expected to be collected at acquisition over the estimated fair value is recognized as interest income over the remaining lives of the loans and is called the accretable yield. The difference between contractually required payments at acquisition and the cash flows expected to be collected at acquisition reflects the impact of estimated credit losses and is called the nonaccretable difference. In accordance with GAAP, there was no carry-over of previously established allowance for credit losses from the acquired company. The following table documents changes to the amount of the accretable yield on PCI loans for the three months ended March 31, 2020 and 2019: 2020 2019 (dollars in thousands) Accretable yield, beginning of period $ 3,191 $ 3,593 Accretion (280) (288) Reclassification from (to) nonaccretable difference 32 117 Other changes, net 43 299 Accretable yield, end of period $ 2,986 $ 3,721 The following tables present a roll forward of the Company’s allowance for loan losses by loan class for the three month periods ended March 31, 2020 and March 31, 2019, respectively (dollars in thousands): Three months ended March 31, 2020 Commercial 1-to- 4 Loans to Multi- and Commercial family individuals & family Allowance for loan losses industrial Construction real estate residential HELOC overdrafts residential Total Loans – excluding PCI Balance, beginning of period $ 1,127 $ 1,731 $ 2,837 $ 1,437 $ 329 $ 175 $ 419 $ 8,055 Provision for (recovery of) loan losses 717 394 720 267 69 (20) 127 2,274 Loans charged-off (11) — — — — (16) — (27) Recoveries 1 — 1 10 — 4 — 16 Balance, end of period $ 1,834 $ 2,125 $ 3,558 $ 1,714 $ 398 $ 143 $ 546 $ 10,318 PCI Loans Balance, beginning of period $ 178 $ 6 $ 14 $ 56 $ — $ — $ 15 $ 269 Provision for (recovery of) loan losses 21 1 — (13) — — (10) (1) Loans charged-off — — — — — — — — Recoveries — — — — — — — — Balance, end of period $ 199 $ 7 $ 14 $ 43 $ — $ — $ 5 $ 268 Total Loans Balance, beginning of period $ 1,305 $ 1,737 $ 2,851 $ 1,493 $ 329 $ 175 $ 434 $ 8,324 Provision for (recovery of) loan losses 738 395 720 254 69 (20) 117 2,273 Loans charged-off (11) — — — — (16) — (27) Recoveries 1 — 1 10 — 4 — 16 Balance, end of period $ 2,033 $ 2,132 $ 3,572 $ 1,757 $ 398 $ 143 $ 551 $ 10,586 Ending Balance: individually evaluated for impairment $ 601 $ — $ 96 $ 5 $ — $ — $ — $ 702 Ending Balance: collectively evaluated for impairment $ 1,432 $ 2,132 $ 3,476 $ 1,752 $ 398 $ 143 $ 551 $ 9,884 Loans: Ending Balance: collectively evaluated for impairment non PCI loans $ 67,312 $ 227,538 $ 453,592 $ 147,444 $ 43,017 $ 7,754 $ 69,845 $ 1,016,502 Ending Balance: collectively evaluated for impairment PCI loans $ 1,099 $ 672 $ 5,669 $ 6,048 $ 49 $ — $ 886 $ 14,423 Ending Balance: individually evaluated for impairment $ 3,816 $ 436 $ 5,065 $ 431 $ 750 $ 255 $ — $ 10,753 Ending Balance $ 72,227 $ 228,646 $ 464,326 $ 153,923 $ 43,816 $ 8,009 $ 70,731 $ 1,041,678 Three months ended March 31, 2019 Commercial 1-to-4 Loans to Multi- and Commercial family individuals & family Allowance for loan losses industrial Construction real estate residential HELOC overdrafts residential Total Loans – excluding PCI Balance, beginning of period $ 762 $ 1,385 $ 3,024 $ 1,663 $ 555 $ 206 $ 471 $ 8,066 Provision for (recovery of) loan losses 214 186 356 (461) (80) (15) (63) 137 Loans charged-off (251) — — — (49) (19) — (319) Recoveries 5 1 15 9 13 5 — 48 Balance, end of period $ 730 $ 1,572 $ 3,395 $ 1,211 $ 439 $ 177 $ 408 $ 7,932 PCI Loans Balance, beginning of period $ 214 $ — $ 385 $ 4 $ — $ — $ — $ 603 Provision for (recovery of) loan losses (168) 23 (152) 242 2 — 28 (25) Loans charged-off — — — — — — — — Recoveries — — — — — — — — Balance, end of period $ 46 $ 23 $ 233 $ 246 $ 2 $ — $ 28 $ 578 Total Loans Balance, beginning of period $ 976 $ 1,385 $ 3,409 $ 1,667 $ 555 $ 206 $ 471 $ 8,669 Provision for (recovery of) loan losses 46 209 204 (219) (78) (15) (35) 112 Loans charged-off (251) — — — (49) (19) — (319) Recoveries 5 1 15 9 13 5 — 48 Balance, end of period $ 776 $ 1,595 $ 3,628 $ 1,457 $ 441 $ 177 $ 436 $ 8,510 Ending Balance: individually evaluated for impairment $ 75 $ — $ — $ 7 $ — $ — $ — $ 82 Ending Balance: collectively evaluated for impairment $ 701 $ 1,595 $ 3,628 $ 1,450 $ 441 $ 177 $ 436 $ 8,428 Loans: Ending Balance: collectively evaluated for impairment non PCI loans $ 75,481 $ 179,872 $ 444,893 $ 148,073 $ 47,853 $ 11,313 $ 56,092 $ 963,577 Ending Balance: collectively evaluated for impairment PCI loans $ 1,481 $ 747 $ 7,587 $ 8,011 $ 50 $ — $ 927 $ 18,803 Ending Balance: individually evaluated for impairment $ 2,767 $ 543 $ 6,008 $ 648 $ 857 $ 117 $ 211 $ 11,151 Ending Balance $ 79,729 $ 181,162 $ 458,488 $ 156,732 $ 48,760 $ 11,430 $ 57,230 $ 993,531

LOANS HELD FOR SALE

LOANS HELD FOR SALE	3 Months Ended
	Mar. 31, 2020
LOANS HELD FOR SALE
LOANS HELD FOR SALE	NOTE G – LOANS HELD FOR SALE The Company originates fixed and variable rate residential mortgage loans on a service release basis in the secondary market. Loans closed but not yet settled with an investor are carried in loans held for sale portfolio. Virtually all of these loans have commitments to be purchased by investors and the majority of these loans were locked in by price with the investors on the same day or shortly thereafter that the loan was locked in with customers. Therefore, these loans present very little market risk. The Company usually delivers to, and receive funding from, the investor within 30 to 60 days. Commitments to sell these loans to the investor are considered derivative contracts and are sold to investors on a “best efforts” basis. The Company is not obligated to deliver a loan or pay a penalty if a loan is not delivered to the investor. Because of the short-term nature of these derivative contracts, the fair value of the mortgage loans held for sale in most cases is materially the same as the value of the loan amount at its origination . Mortgage loans originated and intended for sale in the secondary market are carried at the lower of cost or estimated market value in the aggregate. Net unrealized losses are provided for in a valuation allowance by charges to operations as a component of mortgage banking income. Gains or losses on sales of loans are recognized when control over these assets are surrendered and are included in mortgage banking income in the consolidated statements of operations.

REVENUE RECOGNITION

REVENUE RECOGNITION	3 Months Ended
	Mar. 31, 2020
REVENUE RECOGNITION
REVENUE RECOGNITION	NOTE H – REVENUE RECOGNITION The table below presents noninterest income, segregated by revenue streams in-scope and out-of-scope of Topic 606, for the three months ended March 31, 2020 and 2019. Three Months Three Months Ended Ended March 31, March 31, 2020 2019 (dollars in thousands) Service Charges on Deposit Accounts $ 338 $ 266 Other 507 502 Noninterest Income (in-scope of Topic 606) 845 768 Noninterest Income (out-of-scope of Topic 606) 599 429 Total Non-interest Income $ 1,444 $ 1,197 The Company does not typically enter into long-term revenue contracts with customers, and therefore, does not experience significant contract balances. As of March 31, 2020 and December 31, 2019, the Company did not have any significant contract balances. The Company utilizes the practical expedient which allows entities to immediately expense contract acquisition costs when the asset that would have resulted from capitalizing these costs would have been amortized in one year or less. Upon adoption of Topic 606, the Company did not capitalize any contract acquisition cost.

OTHER REAL ESTATE OWNED

OTHER REAL ESTATE OWNED	3 Months Ended
	Mar. 31, 2020
OTHER REAL ESTATE OWNED
OTHER REAL ESTATE OWNED	NOTE I – OTHER REAL ESTATE OWNED The following table explains changes in other real estate owned, or OREO, during the three months ended March 31, 2020 and the year ended December 31, 2019: Three Months Twelve Months Ended Ended March 31, December 31, 2020 2019 (dollars in thousands) Beginning balance January 1 $ 3,533 $ 1,088 Sales — (120) Write-downs — (49) Transfers 204 2,614 Ending balance $ 3,737 $ 3,533 At March 31, 2020 and December 31, 2019, the Company had $3.7 million and $3.5 million, respectively, of foreclosed residential real estate property in OREO. The Company had two loans with a recorded investment in consumer mortgage loans collateralized by residential real estate property in the process of foreclosure in the aggregate amount of $428,000 at March 31, 2020. At December 31, 2019, the Company had 3 loans with recorded investment in the amount of $114,000 in consumer mortgage loans collateralized by residential real estate property in the process of foreclosure.

LEASES

LEASES	3 Months Ended
	Mar. 31, 2020
LEASES
LEASES	NOTE J – LEASES The Company has operating leases for branches and certain equipment. The Company’s leases have remaining lease terms of 1 year to 15 years which may include options to extend the leases for up to 5 years per option period. The Company has some leases that are month to month or expire within 1 year that are not included below. At March 31, 2020, the Company did not have any leases that had not yet commenced for which we had created a right-of-use asset and a lease liability. For the operating leases the Company has elected the practical expedient of not separating lease components from non-lease components and instead to account for each separate lease component and the non-lease components associated with that lease as a single lease component. The Company’s lease agreements do not contain any material residual value guarantees or material restrictive covenants. Most of the lease agreements include periodic rate adjustments for inflation. Most leases include one or more options to renew, with renewal terms that can extend the lease term from 1 to 25 years. The exercise of lease renewal options is at our sole discretion. When it is reasonably certain that the Company will exercise the option to renew or extend the lease term, that option is included in determining the value of the ROU and lease liability. The components of lease expense were as follows: Three Months Three Months Ended March 31, Ended March 31, 2020 2019 (dollars in thousands) Operating lease cost $ 308 $ 261 Supplemental cash flow information related to leases was as follows: Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows from operating leases $ 308 $ 261 Right-of-use assets obtained in exchange for lease obligations: Operating leases 8,414 9,013 The following table presents the remaining weighted average lease terms and discount rates as of March 31, 2020 and 2019 : March 31, 2020 March 31, 2019 Weighted Average Remaining Lease Term Operating Leases 6.7 years years Weighted Average Discount Rate Operating Leases 6.0 % 6.0 % Maturities of lease liabilities were as follows: (In thousands) Operating Year Ending December 31, Leases 2020 (excluding the three months ended March 31, 2020) $ 442 2021 649 2022 722 2023 702 2024 675 Thereafter 5,479 Total lease payments $ 8,669

SUBSEQUENT EVENTS

SUBSEQUENT EVENTS	3 Months Ended
	Mar. 31, 2020
SUBSEQUENT EVENTS
SUBSEQUENT EVENTS	NOTE K – SUBSEQUENT EVENTS The Company has evaluated for subsequent events through the date and time the financial statements were issued and has determined there are two reportable subsequent events. On April 17, 2020 the Company's wholly owned subsidiary Select Bank & Trust acquired three branches located in western North Carolina from First Citizens Bank with carrying values of approximately $107 million in loans, $2 million in fixed assets and $185 million in deposits. In addition, approximately 1,100 of Select Bank & Trust's customers participated in the Paycheck Protection Program (PPP) under the CARES Act in which approximately $91 million of PPP loans were approved by the Small Business Administration which is intended to provide economic relief to small businesses adversely impacted by COVID - 19 as of May 5, 2020.

PER SHARE RESULTS (Tables)

PER SHARE RESULTS (Tables)	3 Months Ended
	Mar. 31, 2020
PER SHARE RESULTS
Schedule of earnings per share basic and diluted	Basic net income per share is computed based upon the weighted average number of shares of common stock outstanding during the period. Diluted net income per share includes the dilutive effect of stock options outstanding during the period. At March 31, 2020 and 2019 there were 219,120 and 168,120 anti-dilutive stock options outstanding, respectively. Three Months Ended March 31, 2020 2019 Weighted average shares used for basic net income per share 18,255,351 19,315,686 Effect of dilutive stock options 31,713 49,668 Weighted average shares used for diluted net income per share 18,287,064 19,365,354

FAIR VALUE MEASUREMENTS (Tables

FAIR VALUE MEASUREMENTS (Tables)	3 Months Ended
	Mar. 31, 2020
FAIR VALUE MEASUREMENTS
Schedule of fair value on a recurring basis	The following tables summarize quantitative disclosures about the fair value measurement for each category of assets carried at fair value on a recurring basis as of March 31, 2020 and December 31, 2019 (in thousands): Quoted Prices in Significant Investment securities Active Markets Other Significant available for sale for Identical Observable Unobservable March 31, 2020 Fair value Assets (Level 1) Inputs (Level 2) Inputs (Level 3) U.S. government agencies–GSE's $ 9,272 $ — $ 9,272 $ — Mortgage-backed securities–GSE's 44,482 — 44,482 — Corporate bonds 2,214 — 2,214 — Municipal bonds 8,770 — 8,770 — Total investment for sale $ 64,738 $ — $ 64,738 $ — Quoted Prices in Significant Investment securities Active Markets Other Significant available for sale for Identical Observable Unobservable December 31, 2019 Fair value Assets (Level 1) Inputs (Level 2) Inputs (Level 3) U.S. government agencies–GSE’s $ 9,996 $ — $ 9,996 $ — Mortgage-backed securities–GSE’s 47,743 — 47,743 — Corporate bonds 2,299 — 2,299 — Municipal bonds 12,329 — 12,329 — Total investment for sale $ 72,367 $ — $ 72,367 $ —
Schedule of fair value on a non-recurring basis	The following tables summarize quantitative disclosures about the fair value measurement for each category of assets carried at fair value on a non-recurring basis as of March 31, 2020 and December 31, 2019 (in thousands): Quoted Prices in Significant Active Markets Other Significant Asset Category for Identical Observable Unobservable March 31, 2020 Fair value Assets (Level 1) Inputs (Level 2) Inputs (Level 3) Impaired loans $ 7,201 $ — $ — $ 7,201 Foreclosed real estate 3,737 — — 3,727 Total $ 10,938 $ — $ — $ 10,938 Quoted Prices in Significant Active Markets Other Significant Asset Category for Identical Observable Unobservable December 31, 2019 Fair value Assets (Level 1) Inputs (Level 2) Inputs (Level 3) Impaired loans $ 5,941 $ — $ — $ 5,941 Foreclosed real estate 3,533 — — 3,533 Total $ 9,474 $ — $ — $ 9,474
Schedule of carrying and fair values	The following table presents the carrying values and estimated fair values of the Company’s financial instruments at March 31, 2020 and December 31, 2019: March 31, 2020 Carrying Estimated Amount Fair Value Level 1 Level 2 Level 3 ( dollars in thousands) Financial assets: Cash and due from banks $ 20,030 $ 20,030 $ 20,030 $ — $ — Interest-earning deposits in other banks 35,544 35,544 35,544 — — Federal funds sold 11,673 11,673 11,673 — — Investment securities available for sale 64,738 64,738 — 64,738 — Loans held for sale 1,606 1,606 — 1,606 — Loans, net 1,028,928 1,009,919 — — 1,009,919 Accrued interest receivable 3,839 3,839 — 3,839 — Stock in FHLB 3,059 3,059 — — 3,059 Other non-marketable securities 718 718 — — 718 Financial liabilities: Deposits $ 982,651 $ 985,248 $ — $ 985,248 $ — Short-term debt 20,000 20,000 — 20,000 — Long-term debt 37,372 35,291 — 35,291 — Accrued interest payable 536 536 — 536 — December 31, 2019 Carrying Estimated Amount Fair Value Level 1 Level 2 Level 3 (dollars in thousands) Financial assets: Cash and due from banks $ 19,110 $ 19,110 $ 19,110 $ — $ — Interest-earning deposits in other banks 50,920 50,920 50,920 — — Federal funds sold 9,047 9,047 9,047 — — Investment securities available for sale 72,367 72,367 — 72,367 — Loans held for sale 928 928 — 928 — Loans, net 1,021,651 1,016,239 — — 1,016,239 Accrued interest receivable 4,189 4,189 — 4,189 — Stock in the FHLB 3,045 3,045 — — 3,045 Other non-marketable securities 719 719 — — 719 Financial liabilities: Deposits $ 992,838 $ 995,056 $ — $ 995,056 $ — Long-term debt 57,372 55,429 — 55,429 — Accrued interest payable 578 578 — 578 —

INVESTMENT SECURITIES (Tables)

INVESTMENT SECURITIES (Tables)	3 Months Ended
	Mar. 31, 2020
INVESTMENT SECURITIES
Schedule of amortized cost and fair value of AFS investments	The amortized cost and fair value of available for sale (“AFS”) investments, with gross unrealized gains and losses, follow: March 31, 2020 Gross Gross Amortized unrealized unrealized Fair cost gains losses value (dollars in thousands) Securities available for sale: U.S. government agencies – GSE’s $ 9,038 $ 236 $ (2) $ 9,272 Mortgage-backed securities – GSE’s 42,987 1,506 (11) 44,482 Corporate bonds 2,193 21 — 2,214 Municipal bonds 8,621 149 — 8,770 $ 62,839 $ 1,912 $ (13) $ 64,738 The amortized cost and fair value of “AFS” investments, with gross unrealized gains and losses, follow: December 31, 2019 Gross Gross Amortized unrealized unrealized Fair cost gains losses value (dollars in thousands) Securities available for sale: U.S. government agencies – GSE's $ 9,839 $ 159 $ (2) $ 9,996 Mortgage-backed securities – GSE's 46,926 830 (13) 47,743 Corporate bonds 2,282 17 — 2,299 Municipal bonds 12,152 177 — 12,329 $ 71,199 $ 1,183 $ (15) $ 72,367
Schedule of unrealized loss on investments	The following tables show the gross unrealized losses and fair value of the Company’s investment securities, aggregated by investment category and length of time that the individual securities have been in a continuous unrealized loss position, at March 31, 2020 and December 31, 2019. March 31, 2020 Less Than 12 Months 12 Months or More Total Fair Unrealized Fair Unrealized Fair Unrealized value losses value losses value losses (dollars in thousands) Securities available for sale: U.S. government agencies – GSEs $ — $ — $ 565 $ (2) $ 565 $ (2) Mortgage-backed securities – GSEs 1,591 (6) 1,997 (5) 3,588 (11) Municipal bonds — — — — — — Total temporarily impaired securities $ 1,591 $ (6) $ 2,562 $ (7) $ 4,153 $ (13) December 31, 2019 Less Than 12 Months 12 Months or More Total Fair Unrealized Fair Unrealized Fair Unrealized value losses value losses value losses (dollars in thousands) Securities available for sale: U.S. government agencies – GSE’s $ 872 $ — $ 621 $ (2) $ 1,493 $ (2) Mortgage-backed securities – GSE’s 2,672 (3) 3,774 (10) 6,446 (13) Corporate bonds — — — — — — Municipal bonds — — — — — — Total temporarily impaired securities $ 3,544 $ (3) $ 4,395 $ (12) $ 7,939 $ (15)
Schedule of Investments Classified By Contractual Maturity Date	The amortized cost and fair value of securities available for sale, with gross unrealized gains and losses, follow: March 31, 2020 Gross Gross Amortized unrealized unrealized Fair cost gains losses value (dollars in thousands) Securities available for sale: Within 1 year $ 9,208 $ 13 $ (6) $ 9,215 After 1 year but within 5 years 34,108 1,299 (6) 35,401 After 5 years but within 10 years 6,457 129 (1) 6,585 After 10 years 13,066 471 — 13,537 $ 62,839 $ 1,912 $ (13) $ 64,738 December 31, 2019 Gross Gross Amortized unrealized unrealized Fair cost gains losses value (dollars in thousands) Securities available for sale: Within 1 year $ 8,901 $ 19 $ (6) $ 8,914 After 1 year but within 5 years 40,954 695 (7) 41,642 After 5 years but within 10 years 4,568 94 (1) 4,661 After 10 years 16,776 375 (1) 17,150 $ 71,199 $ 1,183 $ (15) $ 72,367

LOANS (Tables)

LOANS (Tables)	3 Months Ended
	Mar. 31, 2020
LOANS
Schedule of the composition of the loan portfolio	Following is a summary of the composition of the Company’s loan portfolio at March 31, 2020 and December 31, 2019: March 31, December 31, Total Loans: 2020 2019 Percent Percent Amount of total Amount of total (dollars in thousands) Real estate loans: 1-to-4 family residential $ 153,923 14.81 % $ 151,697 14.73 % Commercial real estate 464,326 44.67 % 459,115 44.58 % Multi-family residential 70,731 6.80 % 69,124 6.71 % Construction 228,646 21.99 % 221,878 21.55 % Home equity lines of credit (“HELOC”) 43,816 4.22 % 44,514 4.32 % Total real estate loans 961,442 92.49 % 946,328 91.89 % Other loans: Commercial and industrial 72,227 6.95 % 75,748 7.35 % Loans to individuals 7,767 0.75 % 9,779 0.95 % Overdrafts 242 0.02 % 234 0.02 % Total other loans 80,236 7.72 % 85,761 8.32 % Gross loans 1,041,678 1,032,089 Less deferred loan origination fees, net (2,164) (0.21) % (2,114) (0.21) % Total loans 1,039,514 100.00 % 1,029,975 100.00 % Allowance for loan losses (10,586) (8,324) Total loans, net $ 1,028,928 $ 1,021,651
Schedule of Purchased Credit Impaired, or PCI, the contractually required payments including principal and interest, cash flows expected to be collected	For Purchased Credit Impaired, or PCI loans, the contractually required payments including principal and interest, cash flows expected to be collected and fair values as of March 31, 2020 and December 31, 2019 were: (dollars in thousands) March 31, 2020 December 31, 2019 Contractually required payments $ 18,983 $ 20,598 Nonaccretable difference 1,574 1,694 Cash flows expected to be collected 17,409 18,904 Accretable yield 2,986 3,191 Carrying value $ 14,423 $ 15,713
Schedule of age analysis of past due loans, segregated by class of loans	The following tables present an age analysis of past due loans, segregated by class of loans as of March 31, 2020 and December 31, 2019, respectively: March 31, 2020 30-59 60-89 90+ Non- Total Days Days Days Accrual Past Total Past Due Past Due Accruing Loans Due Current Loans (dollars in thousands) Commercial and industrial $ 58 $ 977 $ 46 $ 3,746 $ 4,827 $ 67,400 $ 72,227 Construction — — — 177 177 228,469 228,646 Multi-family residential — — — — — 70,731 70,731 Commercial real estate 2,321 5 323 1,766 4,415 459,911 464,326 Loans to individuals & overdrafts 4 — — 148 152 7,857 8,009 1-to-4 family residential 883 34 813 922 2,652 151,271 153,923 HELOC 170 — — 442 612 43,204 43,816 Deferred loan (fees) cost, net — — — — — — (2,164) $ 3,436 $ 1,016 $ 1,182 $ 7,201 $ 12,835 $ 1,028,843 $ 1,039,514 December 31, 2019 30-59 60-89 90+ Non- Total Days Days Days Accrual Past Total Past Due Past Due Accruing Loans Due Current Loans (dollars in thousands) Total loans Commercial and industrial $ 1,108 $ 34 $ 46 $ 2,824 $ 4,012 $ 71,736 $ 75,748 Construction — — — 181 181 221,697 221,878 Multi-family residential — — — — — 69,124 69,124 Commercial real estate 393 82 321 1,832 2,628 456,487 459,115 Loans to individuals & overdrafts 5 — — 155 160 9,853 10,013 1-to-4 family residential 859 810 864 505 3,038 148,659 151,697 HELOC 168 — — 444 612 43,902 44,514 Deferred loan (fees) cost, net — — — — — — (2,114) $ 2,533 $ 926 $ 1,231 $ 5,941 $ 10,631 $ 1,021,458 $ 1,029,975
Schedule of information on loans that were considered to be impaired	The following tables present information on loans that were considered to be impaired as of March 31, 2020 and December 31, 2019: Three months ended As of March 31, 2020 March 31, 2020 Contractual Interest Income Unpaid Related Average Recognized on Recorded Principal Allowance Recorded Impaired Investment Balance for Loan Losses Investment Loans (dollars in thousands) With no related allowance recorded: Commercial and industrial $ 2,688 $ 4,181 $ — $ 3,684 $ 44 Construction 436 535 — 438 5 Commercial real estate 4,925 5,744 — 5,504 65 Multi-family residential — — — 269 11 Loans to individuals 255 270 — 99 — HELOC 750 953 — 734 12 1-to-4 family residential 360 1,792 — 1,735 12 Subtotal: 9,414 13,475 — 12,463 149 With an allowance recorded: Commercial and industrial 1,128 1,133 601 1,037 — Commercial real estate 140 140 96 70 — HELOC — — — — — 1-to-4 family residential 71 70 5 71 10 Subtotal: 1,339 1,343 702 1,178 10 Totals: Commercial 9,317 11,733 697 10,832 114 Consumer 255 270 — 269 11 Residential 1,181 2,815 5 2,540 34 Grand Total: $ 10,753 $ 14,818 $ 702 $ 13,641 $ 159 Three months ended As of December 31, 2019 March 31, 2019 Contractual Interest Income Unpaid Related Average Recognized on Recorded Principal Allowance Recorded Impaired Investment Balance for Loan Losses Investment Loans (dollars in thousands) With no related allowance recorded: Commercial and industrial $ 2,796 $ 4,051 $ — $ 3,853 $ 4 Construction 440 537 — 552 5 Commercial real estate 5,585 6,750 — 5,843 66 Multi-family residential 197 197 — 213 3 Loans to individuals & overdrafts 284 293 — 109 — HELOC 543 678 — 957 15 1-to-4 family residential 395 1,816 — 990 16 Subtotal: 10,240 14,322 — 12,517 109 With an allowance recorded: Commercial and industrial 731 1,056 403 232 6 Construction — — — — — HELOC 160 222 — — — 1-to-4 family residential 81 94 10 134 7 Subtotal: 972 1,307 413 366 13 Totals: Commercial 9,749 12,591 403 10,693 84 Consumer 284 293 — 109 — Residential 1,179 2,810 10 2,081 38 Grand Total: $ 11,212 $ 15,694 $ 413 $ 12,883 $ 122
Schedule of loans that were modified as troubled debt restructurings ("TDRs") with a breakdown of the types of concessions made by loan class	The following table presents loans that were modified as troubled debt restructurings (“TDRs”) with a breakdown of the types of concessions made by loan class during the first quarter of 2020 and 2019: Three months ended March 31, 2020 Three months ended March 31, 2019 Pre- Post- Pre- Post- Modification Modification Modification Modification Outstanding Outstanding Outstanding Outstanding Number Recorded Recorded Number Recorded Recorded of loans Investment Investment of loans Investment Investment (dollars in thousands) Extended payment terms: Commercial and industrial 5 $ 2,455 $ 2,360 4 $ 1,365 $ 1,275 Commercial real estate — — — 3 1,283 1,015 1-to-4 family residential 2 209 184 2 432 409 Construction 1 259 259 — — — HELOC 1 50 50 — — — Loans to individuals — — — 1 1 1 Total 9 $ 2,973 $ 2,853 10 $ 3,081 $ 2,700 The following table presents loans that were modified as TDRs within the past twelve months with a breakdown of the types for which there was a payment default during that period together with concessions made by loan class during the twelve month periods ended March 31, 2020 and 2019: Twelve months ended Twelve months ended March 31, 2020 March 31, 2019 Number Recorded Number Recorded of loans investment of loans investment (dollars in thousands) Extended payment terms: Commercial and industrial 3 $ 2,209 8 $ 1,591 Construction — — 1 34 Commercial real estate — — 3 697 Loans to Individuals — — 1 1 1-to-4 family residential — — 4 128 Total 3 $ 2,209 17 $ 2,451
Schedule of information on risk ratings of the commercial and consumer loan portfolios, segregated by loan class	The following tables present information on risk ratings of the commercial and consumer loan portfolios, segregated by loan class as of March 31, 2020 and December 31, 2019, respectively: Total loans: March 31, 2020 Commercial Credit Exposure By Commercial Commercial Internally and real Multi-family Assigned Grade industrial Construction estate residential (dollars in thousands) Superior $ 2,517 $ — $ 534 $ — Very good 244 107 1,566 — Good 5,554 8,445 59,285 6,422 Acceptable 19,928 17,821 257,167 37,544 Acceptable with care 37,540 201,837 139,746 26,765 Special mention 742 259 1,479 — Substandard 5,702 177 4,549 — Doubtful — — — — Loss — — — — $ 72,227 $ 228,646 $ 464,326 $ 70,731 Consumer Credit Exposure By Internally 1-to-4 family Assigned Grade residential HELOC Pass $ 150,325 $ 42,703 Special mention 1,133 292 Substandard 2,465 821 $ 153,923 $ 43,816 Consumer Credit Exposure Based Loans to On Payment individuals & Activity overdrafts Pass $ 7,735 Special mention 274 $ 8,009 Total Loans: December 31, 2019 Commercial Credit Exposure By Commercial Commercial Internally and real Multi-family Assigned Grade industrial Construction estate residential (dollars in thousands) Superior $ 4,014 $ — $ 337 $ — Very good 349 110 1,245 — Good 5,976 8,674 62,643 4,839 Acceptable 19,197 16,249 255,751 41,113 Acceptable with care 40,579 196,228 133,190 23,172 Special mention 242 436 1,490 — Substandard 5,391 181 4,459 — Doubtful — — — — Loss — — — — $ 75,748 $ 221,878 $ 459,115 $ 69,124 Consumer Credit Exposure By Internally 1-to-4 family Assigned Grade residential HELOC Pass $ 147,958 $ 43,585 Special mention 1,246 76 Substandard 2,493 853 $ 151,697 $ 44,514 Consumer Credit Exposure Based Loans to On Payment individuals & Activity overdrafts Pass $ 9,727 Special mention 286 $ 10,013
Schedule of changes to the amount of the accretable yield on PCI loans	The following table documents changes to the amount of the accretable yield on PCI loans for the three months ended March 31, 2020 and 2019: 2020 2019 (dollars in thousands) Accretable yield, beginning of period $ 3,191 $ 3,593 Accretion (280) (288) Reclassification from (to) nonaccretable difference 32 117 Other changes, net 43 299 Accretable yield, end of period $ 2,986 $ 3,721
Schedule of allowance for loan losses by loan class	The following tables present a roll forward of the Company’s allowance for loan losses by loan class for the three month periods ended March 31, 2020 and March 31, 2019, respectively (dollars in thousands): Three months ended March 31, 2020 Commercial 1-to- 4 Loans to Multi- and Commercial family individuals & family Allowance for loan losses industrial Construction real estate residential HELOC overdrafts residential Total Loans – excluding PCI Balance, beginning of period $ 1,127 $ 1,731 $ 2,837 $ 1,437 $ 329 $ 175 $ 419 $ 8,055 Provision for (recovery of) loan losses 717 394 720 267 69 (20) 127 2,274 Loans charged-off (11) — — — — (16) — (27) Recoveries 1 — 1 10 — 4 — 16 Balance, end of period $ 1,834 $ 2,125 $ 3,558 $ 1,714 $ 398 $ 143 $ 546 $ 10,318 PCI Loans Balance, beginning of period $ 178 $ 6 $ 14 $ 56 $ — $ — $ 15 $ 269 Provision for (recovery of) loan losses 21 1 — (13) — — (10) (1) Loans charged-off — — — — — — — — Recoveries — — — — — — — — Balance, end of period $ 199 $ 7 $ 14 $ 43 $ — $ — $ 5 $ 268 Total Loans Balance, beginning of period $ 1,305 $ 1,737 $ 2,851 $ 1,493 $ 329 $ 175 $ 434 $ 8,324 Provision for (recovery of) loan losses 738 395 720 254 69 (20) 117 2,273 Loans charged-off (11) — — — — (16) — (27) Recoveries 1 — 1 10 — 4 — 16 Balance, end of period $ 2,033 $ 2,132 $ 3,572 $ 1,757 $ 398 $ 143 $ 551 $ 10,586 Ending Balance: individually evaluated for impairment $ 601 $ — $ 96 $ 5 $ — $ — $ — $ 702 Ending Balance: collectively evaluated for impairment $ 1,432 $ 2,132 $ 3,476 $ 1,752 $ 398 $ 143 $ 551 $ 9,884 Loans: Ending Balance: collectively evaluated for impairment non PCI loans $ 67,312 $ 227,538 $ 453,592 $ 147,444 $ 43,017 $ 7,754 $ 69,845 $ 1,016,502 Ending Balance: collectively evaluated for impairment PCI loans $ 1,099 $ 672 $ 5,669 $ 6,048 $ 49 $ — $ 886 $ 14,423 Ending Balance: individually evaluated for impairment $ 3,816 $ 436 $ 5,065 $ 431 $ 750 $ 255 $ — $ 10,753 Ending Balance $ 72,227 $ 228,646 $ 464,326 $ 153,923 $ 43,816 $ 8,009 $ 70,731 $ 1,041,678 Three months ended March 31, 2019 Commercial 1-to-4 Loans to Multi- and Commercial family individuals & family Allowance for loan losses industrial Construction real estate residential HELOC overdrafts residential Total Loans – excluding PCI Balance, beginning of period $ 762 $ 1,385 $ 3,024 $ 1,663 $ 555 $ 206 $ 471 $ 8,066 Provision for (recovery of) loan losses 214 186 356 (461) (80) (15) (63) 137 Loans charged-off (251) — — — (49) (19) — (319) Recoveries 5 1 15 9 13 5 — 48 Balance, end of period $ 730 $ 1,572 $ 3,395 $ 1,211 $ 439 $ 177 $ 408 $ 7,932 PCI Loans Balance, beginning of period $ 214 $ — $ 385 $ 4 $ — $ — $ — $ 603 Provision for (recovery of) loan losses (168) 23 (152) 242 2 — 28 (25) Loans charged-off — — — — — — — — Recoveries — — — — — — — — Balance, end of period $ 46 $ 23 $ 233 $ 246 $ 2 $ — $ 28 $ 578 Total Loans Balance, beginning of period $ 976 $ 1,385 $ 3,409 $ 1,667 $ 555 $ 206 $ 471 $ 8,669 Provision for (recovery of) loan losses 46 209 204 (219) (78) (15) (35) 112 Loans charged-off (251) — — — (49) (19) — (319) Recoveries 5 1 15 9 13 5 — 48 Balance, end of period $ 776 $ 1,595 $ 3,628 $ 1,457 $ 441 $ 177 $ 436 $ 8,510 Ending Balance: individually evaluated for impairment $ 75 $ — $ — $ 7 $ — $ — $ — $ 82 Ending Balance: collectively evaluated for impairment $ 701 $ 1,595 $ 3,628 $ 1,450 $ 441 $ 177 $ 436 $ 8,428 Loans: Ending Balance: collectively evaluated for impairment non PCI loans $ 75,481 $ 179,872 $ 444,893 $ 148,073 $ 47,853 $ 11,313 $ 56,092 $ 963,577 Ending Balance: collectively evaluated for impairment PCI loans $ 1,481 $ 747 $ 7,587 $ 8,011 $ 50 $ — $ 927 $ 18,803 Ending Balance: individually evaluated for impairment $ 2,767 $ 543 $ 6,008 $ 648 $ 857 $ 117 $ 211 $ 11,151 Ending Balance $ 79,729 $ 181,162 $ 458,488 $ 156,732 $ 48,760 $ 11,430 $ 57,230 $ 993,531

REVENUE RECOGNITION (Tables)

REVENUE RECOGNITION (Tables)	3 Months Ended
	Mar. 31, 2020
REVENUE RECOGNITION
Schedule of noninterest income	The table below presents noninterest income, segregated by revenue streams in-scope and out-of-scope of Topic 606, for the three months ended March 31, 2020 and 2019. Three Months Three Months Ended Ended March 31, March 31, 2020 2019 (dollars in thousands) Service Charges on Deposit Accounts $ 338 $ 266 Other 507 502 Noninterest Income (in-scope of Topic 606) 845 768 Noninterest Income (out-of-scope of Topic 606) 599 429 Total Non-interest Income $ 1,444 $ 1,197

OTHER REAL ESTATE OWNED (Tables

OTHER REAL ESTATE OWNED (Tables)	3 Months Ended
	Mar. 31, 2020
OTHER REAL ESTATE OWNED
Schedule Of Real Estate Owned Properties	The following table explains changes in other real estate owned, or OREO, during the three months ended March 31, 2020 and the year ended December 31, 2019: Three Months Twelve Months Ended Ended March 31, December 31, 2020 2019 (dollars in thousands) Beginning balance January 1 $ 3,533 $ 1,088 Sales — (120) Write-downs — (49) Transfers 204 2,614 Ending balance $ 3,737 $ 3,533

LEASES (Tables)

LEASES (Tables)	3 Months Ended
	Mar. 31, 2020
LEASES
Schedule of lease expense	The components of lease expense were as follows: Three Months Three Months Ended March 31, Ended March 31, 2020 2019 (dollars in thousands) Operating lease cost $ 308 $ 261
Schedule of supplemental cash flow information	Supplemental cash flow information related to leases was as follows: Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows from operating leases $ 308 $ 261 Right-of-use assets obtained in exchange for lease obligations: Operating leases 8,414 9,013
Schedule of remaining weighted average lease terms and discount rates	The following table presents the remaining weighted average lease terms and discount rates as of March 31, 2020 and 2019 : March 31, 2020 March 31, 2019 Weighted Average Remaining Lease Term Operating Leases 6.7 years years Weighted Average Discount Rate Operating Leases 6.0 % 6.0 %
Schedule of maturities of lease liabilities	Maturities of lease liabilities were as follows: (In thousands) Operating Year Ending December 31, Leases 2020 (excluding the three months ended March 31, 2020) $ 442 2021 649 2022 722 2023 702 2024 675 Thereafter 5,479 Total lease payments $ 8,669

PER SHARE RESULTS - Basic net i

PER SHARE RESULTS - Basic net income per share (Details) - shares	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
PER SHARE RESULTS
Weighted average shares used for basic net income per share	18,255,351	19,315,686
Effect of dilutive stock options	31,713	49,668
Weighted average shares used for diluted net income per share	18,287,064	19,365,354

PER SHARE RESULTS - Additional

PER SHARE RESULTS - Additional information (Details) - shares	3 Months Ended	12 Months Ended
	Mar. 31, 2020	Dec. 31, 2019
PER SHARE RESULTS
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount	219,120	168,120

FAIR VALUE MEASUREMENTS - Fair

FAIR VALUE MEASUREMENTS - Fair value measurement on recurring basis (Details) - Fair Value, Measurements, Recurring - USD ($) $ in Thousands	Mar. 31, 2020	Dec. 31, 2019
Total investment for sale	$ 64,738	$ 72,367
U.S. government agencies - GSEs [Member]
Total investment for sale	9,272	9,996
Mortgage-backed securities - GSEs [Member]
Total investment for sale	44,482	47,743
Corporate bonds [Member]
Total investment for sale	2,214	2,299
Municipal bonds [Member]
Total investment for sale	8,770	12,329
Fair Value, Inputs, Level 1 [Member]
Total investment for sale	0	0
Fair Value, Inputs, Level 1 [Member] | U.S. government agencies - GSEs [Member]
Total investment for sale	0	0
Fair Value, Inputs, Level 1 [Member] | Mortgage-backed securities - GSEs [Member]
Total investment for sale	0	0
Fair Value, Inputs, Level 1 [Member] | Corporate bonds [Member]
Total investment for sale	0	0
Fair Value, Inputs, Level 1 [Member] | Municipal bonds [Member]
Total investment for sale	0	0
Fair Value, Inputs, Level 2 [Member]
Total investment for sale	64,738	72,367
Fair Value, Inputs, Level 2 [Member] | U.S. government agencies - GSEs [Member]
Total investment for sale	9,272	9,996
Fair Value, Inputs, Level 2 [Member] | Mortgage-backed securities - GSEs [Member]
Total investment for sale	44,482	47,743
Fair Value, Inputs, Level 2 [Member] | Corporate bonds [Member]
Total investment for sale	2,214	2,299
Fair Value, Inputs, Level 2 [Member] | Municipal bonds [Member]
Total investment for sale	8,770	12,329
Fair Value, Inputs, Level 3 [Member]
Total investment for sale	0	0
Fair Value, Inputs, Level 3 [Member] | U.S. government agencies - GSEs [Member]
Total investment for sale	0	0
Fair Value, Inputs, Level 3 [Member] | Mortgage-backed securities - GSEs [Member]
Total investment for sale	0	0
Fair Value, Inputs, Level 3 [Member] | Corporate bonds [Member]
Total investment for sale	0	0
Fair Value, Inputs, Level 3 [Member] | Municipal bonds [Member]
Total investment for sale	$ 0	$ 0

FAIR VALUE MEASUREMENTS - Fai_2

FAIR VALUE MEASUREMENTS - Fair value measurement on non-recurring basis (Details) - Fair Value, Measurements, Nonrecurring [Member] - USD ($) $ in Thousands	Mar. 31, 2020	Dec. 31, 2019
Total	$ 10,938	$ 9,474
Impaired Loans [Member]
Total	7,201	5,941
Foreclosed Real Estate [Member]
Total	3,737	3,533
Fair Value, Inputs, Level 1 [Member]
Total	0	0
Fair Value, Inputs, Level 1 [Member] | Impaired Loans [Member]
Total	0	0
Fair Value, Inputs, Level 1 [Member] | Foreclosed Real Estate [Member]
Total	0	0
Fair Value, Inputs, Level 2 [Member]
Total	0	0
Fair Value, Inputs, Level 2 [Member] | Impaired Loans [Member]
Total	0	0
Fair Value, Inputs, Level 2 [Member] | Foreclosed Real Estate [Member]
Total	0	0
Fair Value, Inputs, Level 3 [Member]
Total	10,938	9,474
Fair Value, Inputs, Level 3 [Member] | Impaired Loans [Member]
Total	7,201	5,941
Fair Value, Inputs, Level 3 [Member] | Foreclosed Real Estate [Member]
Total	$ 3,727	$ 3,533

FAIR VALUE MEASUREMENTS - Carry

FAIR VALUE MEASUREMENTS - Carrying values and estimated fair values (Details) - USD ($) $ in Thousands	Mar. 31, 2020	Dec. 31, 2019
Financial assets:
Cash and due from banks	$ 20,030	$ 19,110	[1]
Interest-earning deposits in other banks	35,544	50,920
Federal funds sold	11,673	9,047	[1]
Investment securities available for sale	64,738	72,367
Loans held for sale	1,606	928	[1]
Loans, net	1,028,928	1,021,651
Accrued interest receivable	3,839	4,189	[1]
Stock in FHLB	3,059	3,045	[1]
Other non-marketable securities	718	719
Financial liabilities:
Deposits	982,651	992,838	[1]
Short-term debt	20,000	0	[1]
Long-term debt	37,372	57,372	[1]
Accrued interest payable	536	578	[1]
Estimated Fair Value [Member]
Financial assets:
Cash and due from banks	20,030	19,110
Interest-earning deposits in other banks	35,544	50,920
Federal funds sold	11,673	9,047
Investment securities available for sale	64,738	72,367
Loans held for sale	1,606	928
Loans, net	1,009,919	1,016,239
Accrued interest receivable	3,839	4,189
Stock in FHLB	3,059	3,045
Other non-marketable securities	718	719
Financial liabilities:
Deposits	985,248	995,056
Short-term debt	20,000
Long-term debt	35,291	55,429
Accrued interest payable	536	578
Fair Value, Inputs, Level 1 [Member]
Financial assets:
Cash and due from banks	20,030	19,110
Interest-earning deposits in other banks	35,544	50,920
Federal funds sold	11,673	9,047
Investment securities available for sale	0	0
Loans held for sale	0	0
Loans, net	0	0
Accrued interest receivable	0	0
Stock in FHLB	0	0
Other non-marketable securities	0	0
Financial liabilities:
Deposits	0	0
Short-term debt	0
Long-term debt	0	0
Accrued interest payable	0	0
Fair Value, Inputs, Level 2 [Member]
Financial assets:
Cash and due from banks	0	0
Interest-earning deposits in other banks	0	0
Federal funds sold	0	0
Investment securities available for sale	64,738	72,367
Loans held for sale	1,606	928
Loans, net	0	0
Accrued interest receivable	3,839	4,189
Stock in FHLB	0	0
Other non-marketable securities	0	0
Financial liabilities:
Deposits	985,248	995,056
Short-term debt	20,000
Long-term debt	35,291	55,429
Accrued interest payable	536	578
Fair Value, Inputs, Level 3 [Member]
Financial assets:
Cash and due from banks	0	0
Interest-earning deposits in other banks	0	0
Federal funds sold	0	0
Investment securities available for sale	0	0
Loans held for sale	0	0
Loans, net	1,009,919	1,016,239
Accrued interest receivable	0	0
Stock in FHLB	3,059	3,045
Other non-marketable securities	718	719
Financial liabilities:
Deposits	0	0
Short-term debt	0
Long-term debt	0	0
Accrued interest payable	$ 0	$ 0
[1]	Derived from audited consolidated financial statements.

FAIR VALUE MEASUREMENTS - Addit

FAIR VALUE MEASUREMENTS - Additional information (Details)	Mar. 31, 2020
Minimum [Member]
Percentage Of Discount From Impaired Loans	3.00%
Minimum [Member] | Fair Value, Measurements, Nonrecurring [Member]
Percentage Of Discount From Foreclosed Real Estate	6.00%
Maximum [Member]
Percentage Of Discount From Impaired Loans	50.00%
Maximum [Member] | Fair Value, Measurements, Nonrecurring [Member]
Percentage Of Discount From Foreclosed Real Estate	10.00%

INVESTMENT SECURITIES - Amortiz

INVESTMENT SECURITIES - Amortized cost and fair value of AFS investments (Details) - USD ($) $ in Thousands	Mar. 31, 2020	Dec. 31, 2019
Securities available for sale:
Amortized cost	$ 62,839	$ 71,199
Gross unrealized gains	1,912	1,183
Gross unrealized losses	(13)	(15)
Fair value	64,738	72,367	[1]
U.S. government agencies - GSEs [Member]
Securities available for sale:
Amortized cost	9,038	9,839
Gross unrealized gains	236	159
Gross unrealized losses	(2)	(2)
Fair value	9,272	9,996
Mortgage-backed securities - GSEs [Member]
Securities available for sale:
Amortized cost	42,987	46,926
Gross unrealized gains	1,506	830
Gross unrealized losses	(11)	(13)
Fair value	44,482	47,743
Corporate bonds [Member]
Securities available for sale:
Amortized cost	2,193	2,282
Gross unrealized gains	21	17
Gross unrealized losses	0	0
Fair value	2,214	2,299
Municipal bonds [Member]
Securities available for sale:
Amortized cost	8,621	12,152
Gross unrealized gains	149	177
Gross unrealized losses	0	0
Fair value	$ 8,770	$ 12,329
[1]	Derived from audited consolidated financial statements.

INVESTMENT SECURITIES - Schedul

INVESTMENT SECURITIES - Scheduled maturities of AFS securities (Details) - USD ($) $ in Thousands	3 Months Ended	12 Months Ended
	Mar. 31, 2020	Dec. 31, 2019
INVESTMENT SECURITIES
Amortized cost, Within 1 year	$ 9,208	$ 8,901
Gross unrealized gains, Within 1 year	13	19
Gross unrealized losses, Within 1 year	(6)	(6)
Fair value, Within 1 year	9,215	8,914
Amortized cost, After 1 year but within 5 years	34,108	40,954
Gross unrealized gains, After 1 year but within 5 years	1,299	695
Gross unrealized losses, After 1 year but within 5 years	(6)	(7)
Fair value, After 1 year but within 5 years	35,401	41,642
Amortized cost, After 5 years but within 10 years	6,457	4,568
Gross unrealized gains, After 5 years but within 10 years	129	94
Gross unrealized losses, After 5 years but within 10 years	(1)	(1)
Fair value, After 5 years but within 10 years	6,585	4,661
Amortized cost, After 10 years	13,066	16,776
Gross unrealized gains, After 10 years	471	375
Gross unrealized losses, After 10 years	0	(1)
Fair value, After 10 years	13,537	17,150
Amortized cost	62,839	71,199
Gross unrealized gains	1,912	1,183
Gross unrealized losses	(13)	(15)
Fair value	$ 64,738	$ 72,367	[1]
[1]	Derived from audited consolidated financial statements.

INVESTMENT SECURITIES - Investm

INVESTMENT SECURITIES - Investments gross unrealized losses and fair value (Details) - USD ($)	Mar. 31, 2020	Dec. 31, 2019
Securities available for sale:
Less Than 12 Months Unrealized losses		$ (3,000)
12 Months or More Unrealized losses	$ (7,000)	(12,000)
U.S. government agencies - GSEs [Member]
Securities available for sale:
Less Than 12 Months Fair value	0	872,000
Less Than 12 Months Unrealized losses	0	0
12 Months or More Fair value	565,000	621,000
12 Months or More Unrealized losses	(2,000)	(2,000)
Total Fair value	565,000	1,493,000
Total Unrealized losses	(2,000)	(2,000)
Mortgage-backed securities - GSEs [Member]
Securities available for sale:
Less Than 12 Months Fair value	1,591,000	2,672,000
Less Than 12 Months Unrealized losses	(6,000)	(3,000)
12 Months or More Fair value	1,997,000	3,774,000
12 Months or More Unrealized losses	(5,000)	(10,000)
Total Fair value	3,588,000	6,446,000
Total Unrealized losses	(11,000)	(13,000)
Corporate bonds [Member]
Securities available for sale:
Less Than 12 Months Unrealized losses		0
Municipal bonds [Member]
Securities available for sale:
Less Than 12 Months Fair value	0
Less Than 12 Months Unrealized losses	0	0
12 Months or More Fair value	0
12 Months or More Unrealized losses	0
Total Fair value	0
Total Unrealized losses	0
Total temporarily impaired securities [Member]
Securities available for sale:
Less Than 12 Months Fair value	1,591,000	3,544,000
Less Than 12 Months Unrealized losses	(6,000)	(3,000)
12 Months or More Fair value	2,562,000	4,395,000
12 Months or More Unrealized losses	(7,000)	(12,000)
Total Fair value	4,153,000	7,939,000
Total Unrealized losses	$ (13,000)	$ (15,000)

INVESTMENT SECURITIES - Additio

INVESTMENT SECURITIES - Additional information (Details)	3 Months Ended	12 Months Ended
	Mar. 31, 2020USD ($)position	Dec. 31, 2019USD ($)position
Schedule of Available-for-sale Securities [Line Items]
Available-for-sale Securities, Gross Unrealized Gain (Loss)	$ 1,900,000	$ (1,200,000)
Deferred Income Taxes and Other Assets		269,000
Deferred Income Taxes and Other Liabilities, Noncurrent	437,000
US Government Securities, at Carrying Value	21,600,000	18,400,000
Available-for-sale Securities, Continuous Unrealized Loss Position, 12 Months or Longer, Accumulated Loss	$ 7,000	12,000
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than 12 Months, Accumulated Loss		$ 3,000
Available-for-sale, Securities in Unrealized Loss Positions, Qualitative Disclosure, Number of Positions, Greater than or Equal to One Year | position	3
Available-for-sale, Securities in Unrealized Loss Positions, Qualitative Disclosure, Number of Positions, Less than One Year | position		3
U.S. government agencies - GSEs [Member]
Schedule of Available-for-sale Securities [Line Items]
Available-for-sale Securities, Continuous Unrealized Loss Position, 12 Months or Longer, Accumulated Loss	$ 2,000	$ 2,000
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than 12 Months, Accumulated Loss	$ 0	$ 0
Available-for-sale, Securities in Unrealized Loss Positions, Qualitative Disclosure, Number of Positions, Greater than or Equal to One Year | position	2	1
Available-for-sale, Securities in Unrealized Loss Positions, Qualitative Disclosure, Number of Positions, Less than One Year | position		1
Mortgage-backed securities - GSEs [Member]
Schedule of Available-for-sale Securities [Line Items]
Available-for-sale Securities, Continuous Unrealized Loss Position, 12 Months or Longer, Accumulated Loss	$ 5,000	$ 10,000
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than 12 Months, Accumulated Loss	$ 6,000	$ 3,000
Available-for-sale, Securities in Unrealized Loss Positions, Qualitative Disclosure, Number of Positions, Greater than or Equal to One Year | position	1	2
Available-for-sale, Securities in Unrealized Loss Positions, Qualitative Disclosure, Number of Positions, Less than One Year | position	2	2

LOANS - Composition of the Comp

LOANS - Composition of the Company's loan portfolio (Details) - USD ($) $ in Thousands	Mar. 31, 2020	Dec. 31, 2019		Mar. 31, 2019
Accounts, Notes, Loans and Financing Receivable [Line Items]
Gross loans	$ 1,041,678	$ 1,032,089		$ 993,531
Less deferred loan origination fees, net	(2,164)	(2,114)
Total loans	1,039,514	1,029,975	[1]
Allowance for loan losses	(10,586)	(8,324)	[1]
Total loans, net	$ 1,028,928	$ 1,021,651	[1]
Less deferred loan origination fees, net	(0.21%)	(0.21%)
Percent of total	100.00%	100.00%
1-to-4 family residential [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Gross loans	$ 153,923			156,732
Total loans	$ 153,923	$ 151,697
Percent of total	14.81%	14.73%
Commercial real estate [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Gross loans	$ 464,326			458,488
Total loans	$ 464,326	$ 459,115
Percent of total	44.67%	44.58%
Multi-family residential [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Gross loans	$ 70,731			57,230
Total loans	$ 70,731	$ 69,124
Percent of total	6.80%	6.71%
Construction [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Gross loans	$ 228,646			181,162
Total loans	$ 228,646	$ 221,878
Percent of total	21.99%	21.55%
Home equity lines of credit ("HELOC") [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans	$ 43,816	$ 44,514
Percent of total	4.22%	4.32%
HELOC [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Gross loans	$ 43,816			48,760
Total loans	43,816	$ 44,514
Total real estate loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans	$ 961,442	$ 946,328
Percent of total	92.49%	91.89%
Commercial and industrial Other [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Gross loans	$ 72,227			$ 79,729
Total loans	$ 72,227	$ 75,748
Percent of total	6.95%	7.35%
Loans to individuals [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans	$ 7,767	$ 9,779
Percent of total	0.75%	0.95%
Overdrafts [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans	$ 242	$ 234
Percent of total	0.02%	0.02%
Total other loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans	$ 80,236	$ 85,761
Percent of total	7.72%	8.32%
[1]	Derived from audited consolidated financial statements.

LOANS - Cash flows expected to

LOANS - Cash flows expected to be collected for PCI (Details) - USD ($) $ in Thousands	Mar. 31, 2020	Dec. 31, 2019
LOANS
Contractually required payments	$ 18,983	$ 20,598
Nonaccretable difference	1,574	1,694
Cash flows expected to be collected	17,409	18,904
Accretable yield	2,986	3,191
Carrying value	$ 14,423	$ 15,713

LOANS - Age analysis of past du

LOANS - Age analysis of past due loans (Details) - USD ($) $ in Thousands	Mar. 31, 2020	Dec. 31, 2019
Financing Receivable, Recorded Investment, Past Due [Line Items]
Loans	$ 1,039,514	$ 1,029,975	[1]
Deferred loan (fees) cost, net	(2,164)	(2,114)
Financing Receivables, 30 to 59 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	3,436	2,533
Deferred loan (fees) cost, net	0	0
Financing Receivables, 60 to 89 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	1,016	926
Deferred loan (fees) cost, net	0	0
Financing Receivables, Equal to Greater than 90 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	1,182	1,231
Deferred loan (fees) cost, net	0	0
Total Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	12,835	10,631
Deferred loan (fees) cost, net	0	0
Current [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Current	1,028,843	1,021,458
Deferred loan (fees) cost, net	0	0
Total Loans [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Loans	1,039,514	1,029,975
Deferred loan (fees) cost, net	(2,164)	(2,114)
Non Accrual Loans [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Non-Accrual Loans	7,201	5,941
Deferred loan (fees) cost, net	0	0
Commercial and industrial Other [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Loans	72,227	75,748
Commercial and industrial Other [Member] | Financing Receivables, 30 to 59 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	58	1,108
Commercial and industrial Other [Member] | Financing Receivables, 60 to 89 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	977	34
Commercial and industrial Other [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	46	46
Commercial and industrial Other [Member] | Total Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	4,827	4,012
Commercial and industrial Other [Member] | Current [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Current	67,400	71,736
Commercial and industrial Other [Member] | Total Loans [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Loans	72,227	75,748
Commercial and industrial Other [Member] | Non Accrual Loans [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Non-Accrual Loans	3,746	2,824
Construction [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Loans	228,646	221,878
Construction [Member] | Financing Receivables, 30 to 59 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	0	0
Construction [Member] | Financing Receivables, 60 to 89 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	0	0
Construction [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	0	0
Construction [Member] | Total Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	177	181
Construction [Member] | Current [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Current	228,469	221,697
Construction [Member] | Total Loans [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Loans	228,646	221,878
Construction [Member] | Non Accrual Loans [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Non-Accrual Loans	177	181
Multi-family residential [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Loans	70,731	69,124
Multi-family residential [Member] | Financing Receivables, 30 to 59 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	0	0
Multi-family residential [Member] | Financing Receivables, 60 to 89 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	0	0
Multi-family residential [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	0	0
Multi-family residential [Member] | Total Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	0	0
Multi-family residential [Member] | Current [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Current	70,731	69,124
Multi-family residential [Member] | Total Loans [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Loans	70,731	69,124
Multi-family residential [Member] | Non Accrual Loans [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Non-Accrual Loans	0	0
Commercial real estate [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Loans	464,326	459,115
Commercial real estate [Member] | Financing Receivables, 30 to 59 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	2,321	393
Commercial real estate [Member] | Financing Receivables, 60 to 89 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	5	82
Commercial real estate [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	323	321
Commercial real estate [Member] | Total Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	4,415	2,628
Commercial real estate [Member] | Current [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Current	459,911	456,487
Commercial real estate [Member] | Total Loans [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Loans	464,326	459,115
Commercial real estate [Member] | Non Accrual Loans [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Non-Accrual Loans	1,766	1,832
Loans to individuals & overdrafts [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Loans	8,009	10,013
Loans to individuals & overdrafts [Member] | Financing Receivables, 30 to 59 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	4	5
Loans to individuals & overdrafts [Member] | Financing Receivables, 60 to 89 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	0	0
Loans to individuals & overdrafts [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	0	0
Loans to individuals & overdrafts [Member] | Total Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	152	160
Loans to individuals & overdrafts [Member] | Current [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Current	7,857	9,853
Loans to individuals & overdrafts [Member] | Total Loans [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Loans	8,009	10,013
Loans to individuals & overdrafts [Member] | Non Accrual Loans [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Non-Accrual Loans	148	155
1-to-4 family residential [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Loans	153,923	151,697
1-to-4 family residential [Member] | Financing Receivables, 30 to 59 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	883	859
1-to-4 family residential [Member] | Financing Receivables, 60 to 89 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	34	810
1-to-4 family residential [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	813	864
1-to-4 family residential [Member] | Total Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	2,652	3,038
1-to-4 family residential [Member] | Current [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Current	151,271	148,659
1-to-4 family residential [Member] | Total Loans [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Loans	153,923	151,697
1-to-4 family residential [Member] | Non Accrual Loans [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Non-Accrual Loans	922	505
HELOC [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Loans	43,816	44,514
HELOC [Member] | Financing Receivables, 30 to 59 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	170	168
HELOC [Member] | Financing Receivables, 60 to 89 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	0	0
HELOC [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	0	0
HELOC [Member] | Total Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	612	612
HELOC [Member] | Current [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Current	43,204	43,902
HELOC [Member] | Total Loans [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Loans	43,816	44,514
HELOC [Member] | Non Accrual Loans [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Non-Accrual Loans	$ 442	$ 444
[1]	Derived from audited consolidated financial statements.

LOANS - Information on loans, e

LOANS - Information on loans, excluding PCI loans (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019	Dec. 31, 2019
Financing Receivable, Impaired [Line Items]
With no related allowance, Recorded Investment	$ 9,414		$ 10,240
With no related allowance, Contractual Unpaid Principal Balance	13,475		14,322
With no related allowance, Average Recorded Investment	12,463	$ 12,517
With no related allowance, Interest Income Recognized on Impaired Loans	149	109
With an related allowance, Recorded Investment	1,339		972
With an related allowance, Contractual Unpaid Principal Balance	1,343		1,307
Related Allowance	702		413
With an related allowance, Average Recorded Investment	1,178	366
With an related allowance, Interest Income Recognized on Impaired Loans	10	13
Recorded Investment Total	10,753		11,212
Contractual Unpaid Principal Balance Total	14,818		15,694
Average Recorded Investment Total	13,641	12,883
Interest Income Recognized on impaired Loans Total	159	122
Residential Real Estate [Member]
Financing Receivable, Impaired [Line Items]
Related Allowance	5		10
Recorded Investment Total	1,181		1,179
Contractual Unpaid Principal Balance Total	2,815		2,810
Average Recorded Investment Total	2,540	2,081
Interest Income Recognized on impaired Loans Total	34	38
Commercial Loan [Member]
Financing Receivable, Impaired [Line Items]
Related Allowance	697		403
Recorded Investment Total	9,317		9,749
Contractual Unpaid Principal Balance Total	11,733		12,591
Average Recorded Investment Total	10,832	10,693
Interest Income Recognized on impaired Loans Total	114	84
Consumer Loan [Member]
Financing Receivable, Impaired [Line Items]
Related Allowance	0		0
Recorded Investment Total	255		284
Contractual Unpaid Principal Balance Total	270		293
Average Recorded Investment Total	269	109
Interest Income Recognized on impaired Loans Total	11	0
Commercial and industrial Other [Member]
Financing Receivable, Impaired [Line Items]
With no related allowance, Recorded Investment	2,688		2,796
With no related allowance, Contractual Unpaid Principal Balance	4,181		4,051
With no related allowance, Average Recorded Investment	3,684	3,853
With no related allowance, Interest Income Recognized on Impaired Loans	44	4
With an related allowance, Recorded Investment	1,128		731
With an related allowance, Contractual Unpaid Principal Balance	1,133		1,056
Related Allowance	601		403
With an related allowance, Average Recorded Investment	1,037	232
With an related allowance, Interest Income Recognized on Impaired Loans	0	6
Construction [Member]
Financing Receivable, Impaired [Line Items]
With no related allowance, Recorded Investment	436		440
With no related allowance, Contractual Unpaid Principal Balance	535		537
With no related allowance, Average Recorded Investment	438	552
With no related allowance, Interest Income Recognized on Impaired Loans	5	5
With an related allowance, Recorded Investment			0
With an related allowance, Contractual Unpaid Principal Balance			0
Related Allowance	0
With an related allowance, Average Recorded Investment		0
With an related allowance, Interest Income Recognized on Impaired Loans		0
Commercial real estate [Member]
Financing Receivable, Impaired [Line Items]
With no related allowance, Recorded Investment	4,925		5,585
With no related allowance, Contractual Unpaid Principal Balance	5,744		6,750
With no related allowance, Average Recorded Investment	5,504	5,843
With no related allowance, Interest Income Recognized on Impaired Loans	65	66
With an related allowance, Recorded Investment	140
With an related allowance, Contractual Unpaid Principal Balance	140
Related Allowance	96
With an related allowance, Average Recorded Investment	70
With an related allowance, Interest Income Recognized on Impaired Loans	0
Loans to individuals [Member]
Financing Receivable, Impaired [Line Items]
With no related allowance, Recorded Investment	255
With no related allowance, Contractual Unpaid Principal Balance	270
With no related allowance, Average Recorded Investment	99
With no related allowance, Interest Income Recognized on Impaired Loans	0
Loans to individuals & overdrafts [Member]
Financing Receivable, Impaired [Line Items]
With no related allowance, Recorded Investment			284
With no related allowance, Contractual Unpaid Principal Balance			293
With no related allowance, Average Recorded Investment		109
With no related allowance, Interest Income Recognized on Impaired Loans		0
Multi-family residential [Member]
Financing Receivable, Impaired [Line Items]
With no related allowance, Recorded Investment	0		197
With no related allowance, Contractual Unpaid Principal Balance	0		197
With no related allowance, Average Recorded Investment	269	213
With no related allowance, Interest Income Recognized on Impaired Loans	11	3
HELOC [Member]
Financing Receivable, Impaired [Line Items]
With no related allowance, Recorded Investment	750		543
With no related allowance, Contractual Unpaid Principal Balance	953		678
With no related allowance, Average Recorded Investment	734	957
With no related allowance, Interest Income Recognized on Impaired Loans	12	15
With an related allowance, Recorded Investment	0		160
With an related allowance, Contractual Unpaid Principal Balance	0		222
Related Allowance	0
With an related allowance, Average Recorded Investment	0	0
With an related allowance, Interest Income Recognized on Impaired Loans	0	0
1-to-4 family residential [Member]
Financing Receivable, Impaired [Line Items]
With no related allowance, Recorded Investment	360		395
With no related allowance, Contractual Unpaid Principal Balance	1,792		1,816
With no related allowance, Average Recorded Investment	1,735	990
With no related allowance, Interest Income Recognized on Impaired Loans	12	16
With an related allowance, Recorded Investment	71		81
With an related allowance, Contractual Unpaid Principal Balance	70		94
Related Allowance	5		$ 10
With an related allowance, Average Recorded Investment	71	134
With an related allowance, Interest Income Recognized on Impaired Loans	$ 10	$ 7

LOANS - Loans that were modifie

LOANS - Loans that were modified as troubled debt restructurings (Details) $ in Thousands	3 Months Ended		12 Months Ended
	Mar. 31, 2020USD ($)	Mar. 31, 2019USD ($)	Mar. 31, 2020USD ($)	Mar. 31, 2019USD ($)
Financing Receivable, Modifications [Line Items]
Number of loans	9	10	3	17
Pre-Modification Outstanding Recorded Investment	$ 2,973	$ 3,081
Post-Modification Outstanding Recorded Investment	$ 2,853	$ 2,700
Recorded investment			$ 2,209	$ 2,451
1-to-4 family residential [Member]
Financing Receivable, Modifications [Line Items]
Number of loans	2	2	0	4
Pre-Modification Outstanding Recorded Investment	$ 209	$ 432
Post-Modification Outstanding Recorded Investment	$ 184	$ 409
Recorded investment				$ 128
Commercial real estate [Member]
Financing Receivable, Modifications [Line Items]
Number of loans		3	0	3
Pre-Modification Outstanding Recorded Investment		$ 1,283
Post-Modification Outstanding Recorded Investment		$ 1,015
Recorded investment				$ 697
Construction [Member]
Financing Receivable, Modifications [Line Items]
Number of loans	1		0	1
Pre-Modification Outstanding Recorded Investment	$ 259
Post-Modification Outstanding Recorded Investment	$ 259
Recorded investment				$ 34
Commercial and industrial Other [Member]
Financing Receivable, Modifications [Line Items]
Number of loans	5	4	3	8
Pre-Modification Outstanding Recorded Investment	$ 2,455	$ 1,365
Post-Modification Outstanding Recorded Investment	$ 2,360	$ 1,275
Recorded investment			$ 2,209	$ 1,591
HELOC [Member]
Financing Receivable, Modifications [Line Items]
Number of loans	1
Pre-Modification Outstanding Recorded Investment	$ 50
Post-Modification Outstanding Recorded Investment	$ 50
Loans to individuals [Member]
Financing Receivable, Modifications [Line Items]
Number of loans		1	0	1
Pre-Modification Outstanding Recorded Investment		$ 1
Post-Modification Outstanding Recorded Investment		$ 1
Recorded investment				$ 1

LOANS - Risk ratings of the com

LOANS - Risk ratings of the commercial and consumer loan portfolios (Details) - USD ($) $ in Thousands	Mar. 31, 2020	Dec. 31, 2019
Financing Receivable, Recorded Investment [Line Items]
Loans	$ 1,039,514	$ 1,029,975	[1]
Commercial and industrial Other [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans	72,227	75,748
Commercial and industrial Other [Member] | Superior [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans	2,517	4,014
Commercial and industrial Other [Member] | Very Good [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans	244	349
Commercial and industrial Other [Member] | Good [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans	5,554	5,976
Commercial and industrial Other [Member] | Acceptable [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans	19,928	19,197
Commercial and industrial Other [Member] | Acceptable With Care [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans	37,540	40,579
Commercial and industrial Other [Member] | Special Mention [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans	742	242
Commercial and industrial Other [Member] | Substandard [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans	5,702	5,391
Commercial and industrial Other [Member] | Doubtful [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans	0	0
Commercial and industrial Other [Member] | Loss [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans	0	0
Construction [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans	228,646	221,878
Construction [Member] | Superior [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans	0	0
Construction [Member] | Very Good [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans	107	110
Construction [Member] | Good [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans	8,445	8,674
Construction [Member] | Acceptable [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans	17,821	16,249
Construction [Member] | Acceptable With Care [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans	201,837	196,228
Construction [Member] | Special Mention [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans	259	436
Construction [Member] | Substandard [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans	177	181
Construction [Member] | Doubtful [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans	0	0
Construction [Member] | Loss [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans	0	0
Commercial real estate [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans	464,326	459,115
Commercial real estate [Member] | Superior [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans	534	337
Commercial real estate [Member] | Very Good [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans	1,566	1,245
Commercial real estate [Member] | Good [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans	59,285	62,643
Commercial real estate [Member] | Acceptable [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans	257,167	255,751
Commercial real estate [Member] | Acceptable With Care [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans	139,746	133,190
Commercial real estate [Member] | Special Mention [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans	1,479	1,490
Commercial real estate [Member] | Substandard [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans	4,549	4,459
Commercial real estate [Member] | Doubtful [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans	0	0
Commercial real estate [Member] | Loss [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans	0	0
Multi-family residential [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans	70,731	69,124
Multi-family residential [Member] | Superior [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans	0	0
Multi-family residential [Member] | Very Good [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans	0	0
Multi-family residential [Member] | Good [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans	6,422	4,839
Multi-family residential [Member] | Acceptable [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans	37,544	41,113
Multi-family residential [Member] | Acceptable With Care [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans	26,765	23,172
Multi-family residential [Member] | Special Mention [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans	0	0
Multi-family residential [Member] | Substandard [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans	0	0
Multi-family residential [Member] | Doubtful [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans	0	0
Multi-family residential [Member] | Loss [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans	0	0
1-to-4 family residential [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans	153,923	151,697
1-to-4 family residential [Member] | Pass [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans	150,325	147,958
1-to-4 family residential [Member] | Special Mention [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans	1,133	1,246
1-to-4 family residential [Member] | Substandard [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans	2,465	2,493
HELOC [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans	43,816	44,514
HELOC [Member] | Pass [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans	42,703	43,585
HELOC [Member] | Special Mention [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans	292	76
HELOC [Member] | Substandard [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans	821	853
Loans to individuals & overdrafts [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans	8,009	10,013
Loans to individuals & overdrafts [Member] | Pass [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans	7,735	9,727
Loans to individuals & overdrafts [Member] | Special Mention [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans	$ 274	$ 286
[1]	Derived from audited consolidated financial statements.

LOANS - Accretable yield on PCI

LOANS - Accretable yield on PCI loans (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
LOANS
Accretable yield, beginning of period	$ 3,191	$ 3,593
Accretion	(280)	(288)
Reclassification from (to) nonaccretable difference	32	117
Other changes, net	43	299
Accretable yield, end of period	$ 2,986	$ 3,721

LOANS - Allowance for loan loss

LOANS - Allowance for loan losses (Details) - USD ($) $ in Thousands		3 Months Ended
		Mar. 31, 2020	Mar. 31, 2019	Dec. 31, 2019
Financing Receivable, Allowance for Credit Losses [Line Items]
Allowance for loan losses, Balance, beginning of period	[1]	$ 8,324
Provision for (recovery of) loan losses		2,273	$ 112
Allowance for loan losses, Balance, end of period		10,586
Ending Balance: individually evaluated for impairment		702	82
Ending Balance: collectively evaluated for impairment		9,884	8,428
Loans
Ending balance: individually evaluated for impairment		10,753	11,151
Ending balance		1,041,678	993,531	$ 1,032,089
Excluding Purchase Credit Impairment Loans [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Allowance for loan losses, Balance, beginning of period		8,055	8,066
Provision for (recovery of) loan losses		2,274	137
Loans charged-off		(27)	(319)
Recoveries		16	48
Allowance for loan losses, Balance, end of period		10,318	7,932
Loans
Ending balance: collectively evaluated for impairment		1,016,502	963,577
Purchase Credit Impairment Loans [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Allowance for loan losses, Balance, beginning of period		269	603
Provision for (recovery of) loan losses		(1)	(25)
Loans charged-off		0	0
Recoveries		0	0
Allowance for loan losses, Balance, end of period		268	578
Loans
Ending balance: collectively evaluated for impairment		14,423	18,803
Total Loans [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Allowance for loan losses, Balance, beginning of period		8,324	8,669
Provision for (recovery of) loan losses		2,273	112
Loans charged-off		(27)	(319)
Recoveries		16	48
Allowance for loan losses, Balance, end of period		10,586	8,510
Commercial and industrial Other [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Ending Balance: individually evaluated for impairment		601	75
Ending Balance: collectively evaluated for impairment		1,432	701
Loans
Ending balance: individually evaluated for impairment		3,816	2,767
Ending balance		72,227	79,729
Commercial and industrial Other [Member] | Excluding Purchase Credit Impairment Loans [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Allowance for loan losses, Balance, beginning of period		1,127	762
Provision for (recovery of) loan losses		717	214
Loans charged-off		(11)	(251)
Recoveries		1	5
Allowance for loan losses, Balance, end of period		1,834	730
Loans
Ending balance: collectively evaluated for impairment		67,312	75,481
Commercial and industrial Other [Member] | Purchase Credit Impairment Loans [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Allowance for loan losses, Balance, beginning of period		178	214
Provision for (recovery of) loan losses		21	(168)
Loans charged-off		0	0
Recoveries		0	0
Allowance for loan losses, Balance, end of period		199	46
Loans
Ending balance: collectively evaluated for impairment		1,099	1,481
Commercial and industrial Other [Member] | Total Loans [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Allowance for loan losses, Balance, beginning of period		1,305	976
Provision for (recovery of) loan losses		738	46
Loans charged-off		(11)	(251)
Recoveries		1	5
Allowance for loan losses, Balance, end of period		2,033	776
Construction [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Ending Balance: individually evaluated for impairment		0	0
Ending Balance: collectively evaluated for impairment		2,132	1,595
Loans
Ending balance: individually evaluated for impairment		436	543
Ending balance		228,646	181,162
Construction [Member] | Excluding Purchase Credit Impairment Loans [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Allowance for loan losses, Balance, beginning of period		1,731	1,385
Provision for (recovery of) loan losses		394	186
Loans charged-off		0	0
Recoveries		0	1
Allowance for loan losses, Balance, end of period		2,125	1,572
Loans
Ending balance: collectively evaluated for impairment		227,538	179,872
Construction [Member] | Purchase Credit Impairment Loans [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Allowance for loan losses, Balance, beginning of period		6	0
Provision for (recovery of) loan losses		1	23
Loans charged-off		0	0
Recoveries		0	0
Allowance for loan losses, Balance, end of period		7	23
Loans
Ending balance: collectively evaluated for impairment		672	747
Construction [Member] | Total Loans [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Allowance for loan losses, Balance, beginning of period		1,737	1,385
Provision for (recovery of) loan losses		395	209
Loans charged-off		0	0
Recoveries		0	1
Allowance for loan losses, Balance, end of period		2,132	1,595
Commercial real estate [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Ending Balance: individually evaluated for impairment		96	0
Ending Balance: collectively evaluated for impairment		3,476	3,628
Loans
Ending balance: individually evaluated for impairment		5,065	6,008
Ending balance		464,326	458,488
Commercial real estate [Member] | Excluding Purchase Credit Impairment Loans [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Allowance for loan losses, Balance, beginning of period		2,837	3,024
Provision for (recovery of) loan losses		720	356
Loans charged-off		0	0
Recoveries		1	15
Allowance for loan losses, Balance, end of period		3,558	3,395
Loans
Ending balance: collectively evaluated for impairment		453,592	444,893
Commercial real estate [Member] | Purchase Credit Impairment Loans [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Allowance for loan losses, Balance, beginning of period		14	385
Provision for (recovery of) loan losses		0	(152)
Loans charged-off		0	0
Recoveries		0	0
Allowance for loan losses, Balance, end of period		14	233
Loans
Ending balance: collectively evaluated for impairment		5,669	7,587
Commercial real estate [Member] | Total Loans [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Allowance for loan losses, Balance, beginning of period		2,851	3,409
Provision for (recovery of) loan losses		720	204
Loans charged-off		0	0
Recoveries		1	15
Allowance for loan losses, Balance, end of period		3,572	3,628
1-to-4 family residential [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Ending Balance: individually evaluated for impairment		5	7
Ending Balance: collectively evaluated for impairment		1,752	1,450
Loans
Ending balance: individually evaluated for impairment		431	648
Ending balance		153,923	156,732
1-to-4 family residential [Member] | Excluding Purchase Credit Impairment Loans [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Allowance for loan losses, Balance, beginning of period		1,437	1,663
Provision for (recovery of) loan losses		267	(461)
Loans charged-off		0	0
Recoveries		10	9
Allowance for loan losses, Balance, end of period		1,714	1,211
Loans
Ending balance: collectively evaluated for impairment		147,444	148,073
1-to-4 family residential [Member] | Purchase Credit Impairment Loans [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Allowance for loan losses, Balance, beginning of period		56	4
Provision for (recovery of) loan losses		(13)	242
Loans charged-off		0	0
Recoveries		0	0
Allowance for loan losses, Balance, end of period		43	246
Loans
Ending balance: collectively evaluated for impairment		6,048	8,011
1-to-4 family residential [Member] | Total Loans [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Allowance for loan losses, Balance, beginning of period		1,493	1,667
Provision for (recovery of) loan losses		254	(219)
Loans charged-off		0	0
Recoveries		10	9
Allowance for loan losses, Balance, end of period		1,757	1,457
HELOC [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Ending Balance: individually evaluated for impairment		0	0
Ending Balance: collectively evaluated for impairment		398	441
Loans
Ending balance: individually evaluated for impairment		750	857
Ending balance		43,816	48,760
HELOC [Member] | Excluding Purchase Credit Impairment Loans [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Allowance for loan losses, Balance, beginning of period		329	555
Provision for (recovery of) loan losses		69	(80)
Loans charged-off		0	(49)
Recoveries		0	13
Allowance for loan losses, Balance, end of period		398	439
Loans
Ending balance: collectively evaluated for impairment		43,017	47,853
HELOC [Member] | Purchase Credit Impairment Loans [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Allowance for loan losses, Balance, beginning of period		0	0
Provision for (recovery of) loan losses		0	2
Loans charged-off		0	0
Recoveries		0	0
Allowance for loan losses, Balance, end of period		0	2
Loans
Ending balance: collectively evaluated for impairment		49	50
HELOC [Member] | Total Loans [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Allowance for loan losses, Balance, beginning of period		329	555
Provision for (recovery of) loan losses		69	(78)
Loans charged-off		0	(49)
Recoveries		0	13
Allowance for loan losses, Balance, end of period		398	441
Loans to individuals & overdrafts [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Ending Balance: individually evaluated for impairment		0	0
Ending Balance: collectively evaluated for impairment		143	177
Loans
Ending balance: individually evaluated for impairment		255	117
Ending balance		8,009	11,430
Loans to individuals & overdrafts [Member] | Excluding Purchase Credit Impairment Loans [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Allowance for loan losses, Balance, beginning of period		175	206
Provision for (recovery of) loan losses		(20)	(15)
Loans charged-off		(16)	(19)
Recoveries		4	5
Allowance for loan losses, Balance, end of period		143	177
Loans
Ending balance: collectively evaluated for impairment		7,754	11,313
Loans to individuals & overdrafts [Member] | Purchase Credit Impairment Loans [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Allowance for loan losses, Balance, beginning of period		0	0
Provision for (recovery of) loan losses		0	0
Loans charged-off		0	0
Recoveries		0	0
Allowance for loan losses, Balance, end of period		0	0
Loans
Ending balance: collectively evaluated for impairment		0	0
Loans to individuals & overdrafts [Member] | Total Loans [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Allowance for loan losses, Balance, beginning of period		175	206
Provision for (recovery of) loan losses		(20)	(15)
Loans charged-off		(16)	(19)
Recoveries		4	5
Allowance for loan losses, Balance, end of period		143	177
Multi-family residential [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Ending Balance: individually evaluated for impairment		0	0
Ending Balance: collectively evaluated for impairment		551	436
Loans
Ending balance: individually evaluated for impairment		0	211
Ending balance		70,731	57,230
Multi-family residential [Member] | Excluding Purchase Credit Impairment Loans [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Allowance for loan losses, Balance, beginning of period		419	471
Provision for (recovery of) loan losses		127	(63)
Loans charged-off		0	0
Recoveries		0	0
Allowance for loan losses, Balance, end of period		546	408
Loans
Ending balance: collectively evaluated for impairment		69,845	56,092
Multi-family residential [Member] | Purchase Credit Impairment Loans [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Allowance for loan losses, Balance, beginning of period		15	0
Provision for (recovery of) loan losses		(10)	28
Loans charged-off		0	0
Recoveries		0	0
Allowance for loan losses, Balance, end of period		5	28
Loans
Ending balance: collectively evaluated for impairment		886	927
Multi-family residential [Member] | Total Loans [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Allowance for loan losses, Balance, beginning of period		434	471
Provision for (recovery of) loan losses		117	(35)
Loans charged-off		0	0
Recoveries		0	0
Allowance for loan losses, Balance, end of period		$ 551	$ 436
[1]	Derived from audited consolidated financial statements.

LOANS - Additional information

LOANS - Additional information (Details)	May 05, 2020USD ($)loan	Mar. 31, 2020USD ($)	Dec. 31, 2019USD ($)	Mar. 31, 2019USD ($)
Financing Receivable, Allowance for Credit Losses [Line Items]
Impaired Financing Receivable, Recorded Investment		$ 10,753,000	$ 11,212,000
Impaired Loans Required for Specific Reserves		1,300,000	972,000
With no related allowance, Recorded Investment		9,414,000	10,240,000
Allowance for Loan and Lease Losses Write-offs, Net		373,000	4,100,000
Aggregate Impaired Loans Required For Specific Reserves			413,000
Federal Home Loan Bank, Advances, General Debt Obligations, Disclosures, Collateral Pledged		108,600,000
Subsequent events
Financing Receivable, Allowance for Credit Losses [Line Items]
Number of loans for which payment deferrals were granted | loan	290
Value of loans for which payment deferrals were granted	$ 167,300,000
Nonaccrual Impaired Loans [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Impaired Financing Receivable, Recorded Investment		7,200,000	5,900,000
Accrual Impaired Loans [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Impaired Financing Receivable, Recorded Investment		3,600,000	$ 6,200,000
Troubled Debt Restructurings [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Impaired Financing Receivable, Recorded Investment		9,300,000		$ 7,700,000
Troubled Debt Restructuring Accrual Status [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Impaired Financing Receivable, Recorded Investment		3,600,000		5,200,000
Troubled Debt Restructuring Nonaccrual Status [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Impaired Financing Receivable, Recorded Investment		5,700,000		$ 2,500,000
Unused Lines of Credit [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Line of Credit Facility, Maximum Amount Outstanding During Period		$ 174,200,000

REVENUE RECOGNITION - Nonintere

REVENUE RECOGNITION - Noninterest income (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Disaggregation of Revenue [Line Items]
Total Non-interest Income	$ 1,444	$ 1,197
Noninterest Income (in-scope of Topic 606) [Member]
Disaggregation of Revenue [Line Items]
Total Non-interest Income	845	768
Noninterest Income (out-of-scope of Topic 606) [Member]
Disaggregation of Revenue [Line Items]
Total Non-interest Income	599	429
Service Charges on Deposit Accounts [Member]
Disaggregation of Revenue [Line Items]
Total Non-interest Income	338	266
Other [Member]
Disaggregation of Revenue [Line Items]
Total Non-interest Income	$ 507	$ 502

OTHER REAL ESTATE OWNED (Detail

OTHER REAL ESTATE OWNED (Details) - USD ($) $ in Thousands	3 Months Ended		12 Months Ended
	Mar. 31, 2020		Dec. 31, 2019
OTHER REAL ESTATE OWNED
Beginning balance January 1	$ 3,533	[1]	$ 1,088
Sales			(120)
Write-downs			(49)
Transfers	204		2,614
Ending balance	$ 3,737		$ 3,533	[1]
[1]	Derived from audited consolidated financial statements.

OTHER REAL ESTATE OWNED - Addit

OTHER REAL ESTATE OWNED - Additional information (Details)	3 Months Ended	12 Months Ended
	Mar. 31, 2020USD ($)loan	Dec. 31, 2019USD ($)loan		Dec. 31, 2018USD ($)
OTHER REAL ESTATE OWNED
Real Estate Acquired Through Foreclosure	$ 3,737,000	$ 3,533,000	[1]	$ 1,088,000
Mortgage Loans in Process of Foreclosure, Amount	$ 428,000	$ 114,000
Mortgage Loans on Real Estate, Number of Loans | loan	2	3
[1]	Derived from audited consolidated financial statements.

LEASES - Lease expense (Details

LEASES - Lease expense (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
LEASES
Operating lease cost	$ 308	$ 261

LEASES - Cash flow information

LEASES - Cash flow information (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
LEASES
Operating cash flows from operating leases	$ 308	$ 261
Operating leases	$ 8,414	$ 9,013

LEASES - Weighted average lease

LEASES - Weighted average lease terms and discount rates (Details)	Mar. 31, 2020	Mar. 31, 2019
LEASES
Weighted Average Remaining Lease Term - Operating leases	6 years 8 months 12 days	7 years 3 months 18 days
Weighted Average Discount Rate - Operating leases	6.00%	6.00%

LEASES - Maturities of lease li

LEASES - Maturities of lease liabilities (Details) $ in Thousands	Mar. 31, 2020USD ($)
LEASES
2020 (excluding the three months ended March 31, 2020)	$ 442
2021	649
2022	722
2023	702
2024	675
Thereafter	5,479
Total lease payments	$ 8,669

LEASES - Additional information

LEASES - Additional information (Details)	3 Months Ended
	Mar. 31, 2020
Minimum [Member]
Lessee, Lease, Description [Line Items]
Operating Lease, Weighted Average Remaining Lease Term	1 year
Lessee, Operating Lease, Renewal Term	1 year
Maximum [Member]
Lessee, Lease, Description [Line Items]
Operating Lease, Weighted Average Remaining Lease Term	15 years
Lessee, Operating Lease, Options to Extend	5 years
Lessee, Operating Lease, Option to Expire	1 year
Lessee, Operating Lease, Renewal Term	25 years

SUBSEQUENT EVENTS (Details)

SUBSEQUENT EVENTS (Details) $ in Thousands	May 05, 2020USD ($)segmentcustomer	Apr. 17, 2020USD ($)item	Mar. 31, 2020USD ($)	Dec. 31, 2019USD ($)	[1]
Subsequent Event [Line Items]
Loans			$ 1,039,514	$ 1,029,975
Subsequent events
Subsequent Event [Line Items]
Number of reportable subsequent events | segment	2
Subsequent events | PPP loans
Subsequent Event [Line Items]
Number of customers participated | customer	1,100
Loans	$ 91,000
Subsequent events | Branches located in western North Carolina
Subsequent Event [Line Items]
Number of branches acquired | item		3
Loans acquired		$ 107,000
Fixed assets acquired		2,000
Deposits acquired		$ 185,000
[1]	Derived from audited consolidated financial statements.