Select Bancorp (SLCT) 10-Q 8 Aug 18 2018 Q2 Quarterly report Financial data

Document And Entity Information

Document And Entity Information - shares	6 Months Ended
	Jun. 30, 2018	Aug. 01, 2018
Document Information [Line Items]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Jun. 30, 2018
Document Fiscal Year Focus	2,018
Document Fiscal Period Focus	Q2
Entity Registrant Name	SELECT BANCORP, INC.
Entity Central Index Key	1,263,762
Current Fiscal Year End Date	--12-31
Entity Filer Category	Accelerated Filer
Trading Symbol	SLCT
Entity Common Stock, Shares Outstanding		14,025,187

CONSOLIDATED BALANCE SHEETS

CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Jun. 30, 2018	Dec. 31, 2017	[1]
ASSETS
Cash and due from banks	$ 20,997	$ 16,554
Interest-earning deposits in other banks	62,498	37,996
Certificates of deposit	1,000	1,500
Federal funds sold	0	6,645
Investment securities available for sale, at fair value	55,733	63,774
Loans held for sale	349	98
Loans	992,885	982,626
Allowance for loan losses	(9,528)	(8,835)
NET LOANS	983,357	973,791
Accrued interest receivable	3,888	3,997
Stock in Federal Home Loan Bank of Atlanta ("FHLB"), at cost	3,882	2,490
Other non-marketable securities	876	1,019
Foreclosed real estate	1,497	1,258
Premises and equipment, net	18,141	18,268
Bank owned life insurance	28,772	28,431
Goodwill	24,579	24,904
Core deposit intangible ("CDI")	2,564	3,101
Assets held for sale	796	846
Other assets	7,802	9,463
TOTAL ASSETS	1,216,731	1,194,135
Deposits:
Demand	236,793	227,066
Savings	55,906	69,503
Money market and NOW	259,689	250,864
Time	441,096	447,611
TOTAL DEPOSITS	993,484	995,044
Short-term debt	21,071	28,279
Long-term debt	57,372	19,372
Accrued interest payable	528	427
Accrued expenses and other liabilities	3,574	14,898
TOTAL LIABILITIES	1,076,029	1,058,020
Shareholders' Equity:
Preferred stock, no par value, 5,000,000 shares authorized; 0 shares issued and outstanding at June 30, 2018 and December 31, 2017	0	0
Common stock, $1.00 par value, 25,000,000 shares authorized; 14,024,887 and 14,009,137 shares issued and outstanding at June 30, 2018 and December 31, 2017, respectively	14,025	14,009
Additional paid-in capital	96,032	95,850
Retained earnings	30,865	25,858
Common stock issued to deferred compensation trust, at cost; 291,964 and 295,231 shares at June 30, 2018 and December 31, 2017, respectively	(2,477)	(2,518)
Directors' Deferred Compensation Plan Rabbi Trust	2,477	2,518
Accumulated other comprehensive income (loss)	(220)	398
TOTAL SHAREHOLDERS' EQUITY	140,702	136,115
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY	$ 1,216,731	$ 1,194,135
[1]	Derived from audited consolidated financial statements.

CONSOLIDATED BALANCE SHEETS _Pa

CONSOLIDATED BALANCE SHEETS [Parenthetical] - $ / shares	Jun. 30, 2018	Dec. 31, 2017
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	25,000,000	25,000,000
Common stock, shares issued	14,024,887	14,009,137
Common stock, shares outstanding	14,024,887	14,009,137
Deferred Compensation, Share-based Payments [Member]
Common stock, shares outstanding	291,964	295,231

CONSOLIDATED STATEMENTS OF OPER

CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2018	Jun. 30, 2017
INTEREST INCOME
Loans	$ 13,527	$ 9,024	$ 26,684	$ 17,731
Federal funds sold and interest-earning deposits in other banks	307	119	518	207
Investments	353	326	707	656
TOTAL INTEREST INCOME	14,187	9,469	27,909	18,594
INTEREST EXPENSE
Money market, NOW and savings deposits	325	117	639	220
Time deposits	1,489	880	2,843	1,639
Short-term debt	81	63	210	118
Long-term debt	363	137	584	267
TOTAL INTEREST EXPENSE	2,258	1,197	4,276	2,244
NET INTEREST INCOME	11,929	8,272	23,633	16,350
PROVISION FOR LOAN LOSSES	557	1,083	698	889
NET INTEREST INCOME AFTER PROVISION FOR LOAN LOSSES	11,372	7,189	22,935	15,461
NON-INTEREST INCOME
Fees on the sale of mortgages	158	0	184	0
Service charges on deposit accounts	245	216	521	431
Other fees and income	823	562	1,686	1,077
TOTAL NON-INTEREST INCOME	1,226	778	2,391	1,508
NON-INTEREST EXPENSE
Personnel	4,656	3,702	9,397	7,116
Occupancy and equipment	861	492	1,749	1,064
Deposit insurance	213	75	378	147
Professional fees	420	251	690	571
CDI amortization	262	88	537	181
Merger/acquisition related expenses	0	0	1,826	0
Information systems	1,045	534	2,047	1,038
Foreclosed-related expenses	91	(25)	103	(9)
Other	1,054	863	2,159	1,677
TOTAL NON-INTEREST EXPENSE	8,602	5,980	18,886	11,785
INCOME BEFORE INCOME TAX	3,996	1,987	6,440	5,184
INCOME TAXES	886	651	1,433	1,733
NET INCOME	$ 3,110	$ 1,336	$ 5,007	$ 3,451
NET INCOME PER COMMON SHARE
Basic	$ 0.22	$ 0.11	$ 0.36	$ 0.30
Diluted	$ 0.22	$ 0.11	$ 0.36	$ 0.29
WEIGHTED AVERAGE COMMON SHARES OUTSTANDING
Basic	14,019,273	11,662,117	14,015,511	11,657,391
Diluted	14,086,671	11,727,110	14,084,288	11,720,841

CONSOLIDATED STATEMENTS OF COMP

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2018	Jun. 30, 2017
Net income	$ 3,110	$ 1,336	$ 5,007	$ 3,451
Other comprehensive income (loss):
Unrealized gain (loss) on investment securities available for sale	(271)	151	(807)	233
Tax effect	63	(55)	189	(85)
Total	(208)	96	(618)	148
Total comprehensive income	$ 2,902	$ 1,432	$ 4,389	$ 3,599

CONSOLIDATED STATEMENTS OF CHAN

CONSOLIDATED STATEMENTS OF CHANGES IN SHAREHOLDERS' EQUITY - USD ($) $ in Thousands	Total		Preferred Stock [Member]	Common Stock [Member]	Additional paid-in Capital [Member]	Retained Earnings [Member]	Common Stock Issued to Deferred Compensation Trust [Member]	Deferred Comp Plan [Member]	Accumulated Other Comprehensive Income (loss) [Member]
Balance at Dec. 31, 2016	$ 104,273		$ 0	$ 11,645	$ 69,597	$ 22,673	$ (2,340)	$ 2,340	$ 358
Balance (in shares) at Dec. 31, 2016			0	11,645,413
Net income	3,451		$ 0	$ 0	0	3,451	0	0	0
Other comprehensive income (loss), net	148		0	0	0	0	0	0	148
Stock option exercises	102		$ 0	$ 17	85	0	0	0	0
Stock option exercises (in shares)			0	17,058
Stock based compensation	43		$ 0	$ 0	43	0	0	0	0
Director equity incentive plan, net	0		0	0	0	0	(57)	57	0
Balance at Jun. 30, 2017	108,017		$ 0	$ 11,662	69,725	26,124	(2,397)	2,397	506
Balance (in shares) at Jun. 30, 2017			0	11,662,471
Balance at Dec. 31, 2017	136,115	[1]	$ 0	$ 14,009	95,850	25,858	(2,518)	2,518	398
Balance (in shares) at Dec. 31, 2017			0	14,009,137
Net income	5,007		$ 0	$ 0	0	5,007	0	0	0
Other comprehensive income (loss), net	(618)		0	0	0	0	0	0	(618)
Stock option exercises	109		$ 0	$ 16	93	0	0	0	0
Stock option exercises (in shares)			0	15,750
Stock based compensation	89		$ 0	$ 0	89	0	0	0	0
Director equity incentive plan, net	0		0	0	0	0	41	(41)	0
Balance at Jun. 30, 2018	$ 140,702		$ 0	$ 14,025	$ 96,032	$ 30,865	$ (2,477)	$ 2,477	$ (220)
Balance (in shares) at Jun. 30, 2018			0	14,024,887
[1]	Derived from audited consolidated financial statements.

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2018	Jun. 30, 2017
CASH FLOWS FROM OPERATING ACTIVITIES
Net income	$ 5,007	$ 3,451
Adjustments to reconcile net income to net cash provided by (used in) operating activities:
Provision for loan losses	698	889
Depreciation and amortization of premises and equipment	870	575
Amortization and accretion of investment securities	323	282
Amortization of deferred loan fees and costs	(351)	(291)
Amortization of core deposit intangible	537	181
Stock-based compensation	89	43
Accretion on acquired loans	(1,706)	(450)
Amortization of acquisition premium on time deposits	(139)	(161)
Net accretion of acquisition discount on borrowings	(8)	(87)
Increase in cash surrender value of bank owned life insurance	(341)	(283)
Proceeds from loans held for sale	10,306	0
Originations of loans held for sale	(10,374)	0
Gain on sales of loans held for sale	(184)	0
Net (gain) loss on sale and write-downs of foreclosed real estate	53	(61)
Gain on sale of premises and equipment	0	(9)
Write-down on assets held for sale	50	0
Change in assets and liabilities:
Net change in accrued interest receivable	109	122
Net change in other assets	2,175	(514)
Net change in accrued expenses and other liabilities	(11,223)	(121)
NET CASH PROVIDED BY (USED IN) OPERATING ACTIVITIES	(4,109)	3,566
CASH FLOWS FROM INVESTING ACTIVITIES
Redemption (purchase) of FHLB stock	(1,392)	110
Redemption (purchase) of non-marketable security	143	37
Purchase of investment securities available for sale	0	(759)
Maturities of investment securities available for sale	650	3,255
Mortgage-backed securities pay-downs	6,262	2,860
Net change in loans outstanding	(8,585)	(63,323)
Proceeds from sale of foreclosed real estate	86	384
Proceeds from sale of premises and equipment	0	95
Purchases of premises and equipment	(743)	(247)
NET CASH USED BY INVESTING ACTIVITIES	(3,579)	(57,588)
CASH FLOWS FROM FINANCING ACTIVITIES
Net change in deposits	(1,421)	60,153
Proceeds from long-term debt	38,000	0
Repayments on short-term debt	(7,200)	(3,444)
Repayments on long-term debt	0	(200)
Proceeds from stock option exercises	109	102
NET CASH PROVIDED BY FINANCING ACTIVITIES	29,488	56,611
NET CHANGE IN CASH AND CASH EQUIVALENTS	21,800	2,589
CASH AND CASH EQUIVALENTS, BEGINNING	62,695	55,714
CASH AND CASH EQUIVALENTS, ENDING	84,495	58,303
SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION
Cash paid during the period for: Interest	4,175	2,224
Cash paid during the period for: Taxes	927	1,768
Non-cash transactions:
Unrealized gains (losses) on investment securities available for sale, net of tax	(618)	148
Transfers from loans to foreclosed real estate	$ 378	$ 2,426

BASIS OF PRESENTATION

BASIS OF PRESENTATION	6 Months Ended
	Jun. 30, 2018
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Organization, Consolidation and Presentation of Financial Statements Disclosure [Text Block]	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, NC (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. and its subsidiary Carolina Premier Bank 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, NC. The Bank is engaged in general commercial and retail banking in central and eastern North Carolina, as well as in Charlotte, North Carolina and northwest South Carolina. 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 and six month periods ended June 30, 2018 and 2017, 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 and six month periods ended June 30, 2018 are not necessarily indicative of the results that may be expected for the fiscal year ending December 31, 2018. 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 2017 Annual Report on Form 10-K, filed with the Securities and Exchange Commission (“SEC”) on March 16, 2018. 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 June 30, 2018 presentation. Such reclassifications had no effect on shareholders’ equity or net income as previously reported.

PER SHARE RESULTS

PER SHARE RESULTS	6 Months Ended
	Jun. 30, 2018
Earnings Per Share [Abstract]
Earnings Per Share [Text Block]	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 June 30, 2018 and 2017 there were 121,300 and 23,300 anti-dilutive options outstanding, respectively. Three Months Ended Six Months Ended June 30, June 30, 2018 2017 2018 2017 Weighted average shares used for basic net income available to common shareholders 14,019,273 11,662,117 14,015,511 11,657,391 Effect of dilutive stock options 67,398 64,993 68,777 63,450 Weighted average shares used for diluted net income available to common shareholders 14,086,671 11,727,110 14,084,288 11,720,841

RECENT ACCOUNTING PRONOUNCEMENT

RECENT ACCOUNTING PRONOUNCEMENTS	6 Months Ended
	Jun. 30, 2018
New Accounting Pronouncements and Changes in Accounting Principles [Abstract]
New Accounting Pronouncements and Changes in Accounting Principles [Text Block]	NOTE C - RECENT ACCOUNTING PRONOUNCEMENTS The following summarizes recent accounting pronouncements and their expected impact on the Company: In February 2018, the FASB issued ASU 2018-02, Income Statement - Reporting Comprehensive Income (Topic 220): Reclassification of Certain Tax Effects from Accumulated Other Comprehensive Income. This ASU requires a reclassification from accumulated other comprehensive income (“AOCI”) to retained earnings for stranded tax effects resulting from the newly enacted federal corporate income tax rate in the Tax Cuts and Jobs Act of 2017 (the “Tax Act”), which was enacted on December 22, 2017. The Tax Act included a reduction to the corporate income tax rate from 35 percent to 21 percent effective January 1, 2018. The amount of the reclassification would be the difference between the historical corporate income tax rate and the newly enacted 21 percent corporate income tax rate. The amendments in this ASU are effective for fiscal years beginning after December 15, 2018, including interim periods within those fiscal years. The Company early adopted this pronouncement by retrospective application to each period in which the effect of the change in the tax rate under the 2017 Tax Act is recognized. The impact of the reclassification from other comprehensive income to retained earnings of $67,000 was included in the Statement of Changes in Shareholders’ Equity for the year ended December 31, 2017. ASU 2014-09, Revenue from Contracts with Customers (Topic 606), ASU 2015-14 Revenue from Contracts with Customers (Topic 606): Deferral of the Effective Date, ASU 2016-08 Revenue from Contracts with Customers (Topic 606): Principal versus Agent Considerations (Reporting Revenue Gross versus Net), ASU 2016-10 Revenue from Contracts with Customers (Topic 606): Identifying Performance Obligations and Licensing, ASU 2016-11 Revenue Recognition (Topic 605) and Derivatives and Hedging (Topic 815): Rescission of SEC Guidance Because of Accounting Standards Updates 2014-09 and 2014-16 Pursuant to Staff Announcements at the March 3, 2016 EITF Meeting , ASU 2016-12 Revenue from Contracts with Customers (Topic 606): Narrow-Scope Improvements and Practical Expedients, ASU 2016-20 Technical Corrections and Improvements to Topic 606, Revenue from Contracts with Customers, and ASU 2017-05 Other Income - Gains and losses from the Derecognition of Nonfinancial Assets (Subtopic 610-20) - Clarifying the Scope of Asset Derecognition Guidance and Accounting for Partial Sales of Nonfinancial Assets —The new guidance, which does not apply to financial instruments, provides that revenue should be recognized for the transfer of goods and services to customers in an amount equal to the consideration it receives or expects to receive. The guidance also includes expanded disclosure requirements that provide comprehensive information about the nature, amount, timing, and uncertainty of revenue and cash flows arising from contracts with customers. This guidance is effective for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2017. The Company adopted ASU 2014-09 and its related amendments on its required effective date of January 1, 2018 utilizing the modified retrospective approach. Since there was no net income impact upon adoption of the new guidance, a cumulative effect adjustment to opening retained earnings was not necessary. See Note H Revenue Recognition for more information. In January 2016, the FASB issued ASU No. 2016-01, Financial Instruments - Overall (Subtopic 825-10): Recognition and Measurement of Financial Assets and Financial Liabilities . The amendments in this ASU (i) require equity investments, with certain exceptions, to be measured at fair value with changes in fair value recognized in net income, (ii) simplify the impairment assessment of equity investments without readily determinable fair values by requiring a qualitative assessment to identify impairment, (iii) eliminate the requirement for public business entities to disclose the methods and significant assumptions used to estimate the fair value that is required to be disclosed for financial instruments measured at amortized cost on the balance sheet, (iv) require public business entities to use the exit price notion when measuring the fair value of financial instruments for disclosure purposes, (v) require an entity to present separately in other comprehensive income the portion of the total change in the fair value of a liability resulting from a change in the instrument-specific credit risk when the entity has elected to measure the liability at fair value in accordance with the fair value option for financial instruments, (vi) require separate presentation of financial assets and financial liabilities by measurement category and form of financial asset on the balance sheet or the accompanying notes to the financial statements and (vii) clarify that an entity should evaluate the need for a valuation allowance on a deferred tax asset related to available-for-sale securities in combination with the entity's other deferred tax assets. The accounting guidance is effective for fiscal years, and interim periods within those years, beginning after December 15, 2017. Early adoption is prohibited except for the presentation in other comprehensive income of the portion of the total change in the fair value of a liability resulting from a change in the instrument-specific credit risk which may be adopted early. The guidance did not have a significant impact on the Company's financial position, results of operations or disclosures. In February 2016, the FASB issued ASU 2016-02, Leases 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, 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. The Company has dedicated staff and resources in place evaluating the Company’s options including evaluating the appropriate model options and collecting and reviewing loan data for use in these models. The Company is still assessing the impact that this new guidance will have on its consolidated financial statements. In August 2016, the FASB amended ASU 2016-15, Statement of Cash Flows (Topic 230): Classifications of Certain Cash Receipts and Cash Payments, of the Accounting Standards Codification to clarify how certain cash receipts and cash payments are presented and classified in the statement of cash flows. The amendments were effective for the Company January 1, 2018 and did not have a material effect on its financial statements. In January 2017, the FASB ASU 2016-07, Investments-Equity Method and Joint Ventures (Topic 323): Simplifying the Transition to the Equity Method of Accounting was updated. The ASU incorporates into the Accounting Standards Codification recent SEC guidance about disclosing, under SEC SAB Topic 11.M, the effect on financial statements of adopting the revenue, leases, and credit losses standards. The ASU was effective upon issuance. The Company is currently evaluating the impact on additional disclosure requirements as each of the standards is adopted; however, it does not expect these amendments to have a material effect on its financial position, results of operations or cash flows. In January 2017, the FASB ASU 2017-04, Intangibles - Goodwill and Other (Topic 350):Simplifying the Test for Goodwill Impairment was amended to simplify the accounting for goodwill impairment for public business entities and other entities that have goodwill reported in their financial statements and have not elected the private company alternative for the subsequent measurement of goodwill. The amendment removes Step 2 of the goodwill impairment test. A goodwill impairment will now be the amount by which a reporting unit’s carrying value exceeds its fair value, not to exceed the carrying amount of goodwill. The effective date and transition requirements for the technical corrections will be effective for the Company for reporting periods beginning after December 15, 2019. Early adoption is permitted for interim or annual goodwill impairment tests performed on testing dates after January 1, 2017. The Company does not expect these amendments to have a material effect on its financial statements. In February 2017, the FASB ASU 2017-05, Other Income – Gains and Losses from the Derecognition of Nonfinancial Assets (Subtopic 610-20) clarified the scope of the guidance on nonfinancial asset derecognition as well as the accounting for partial sales of nonfinancial assets. The amendments conform the derecognition guidance on nonfinancial assets with the model for transactions in the new revenue standard. The amendments were effective for the Company January 2018 and did not have a material effect on its financial statements. In May 2017, the FASB ASU 2017-07, Compensation – Retirement Benefits (Topic 715): Improving the Presentation of Net Periodic Pension Cost and Net Periodic Postretirement Benefit Cost amended the requirements in the changes to the terms or conditions of a share-based payment award. The amendments provide guidance about which changes to the terms or conditions of a share-based payment award require an entity to apply modification accounting. The amendments were effective for the Company for annual periods, and interim periods within those annual periods, beginning after December 15, 2017. Early adoption was permitted. These amendments did not have a material effect on the financial statements. In February 2018, the FASB issued ASU 2018-03, Technical Corrections and Improvements to Financial Instruments—Overall Recognition and Measurement of Financial Assets and Financial Liabilities In March 2018, the FASB issued ASU 2018-4, Investments—Debt Securities and Regulated Operations Amendments to SEC Paragraphs Pursuant to SEC Staff Accounting Bulletin No. 117 and SEC Release No. 33-9273 SEC guidance which was issued in order to make the relevant interpretive guidance consistent with current authoritative accounting and auditing guidance and SEC rules and regulations. The amendments were effective upon issuance. These amendments did not have a material effect on its financial statements. In March 2018, the FASB issued ASU 2018-05 – Amendments to SEC Paragraphs Pursuant to SEC Staff Accounting Bulletin No. 118 (SEC Update) In May 2018, the FASB amended the Financial Services—Depository and Lending Topic of the Accounting Standards Codification to remove outdated guidance related to Circular 202. The amendments were effective upon issuance and did not have a material effect on the financial statements. In June 2018, the FASB amended the Compensation—Stock Compensation Topic of the Accounting Standards Codification. The amendments expand the scope of Topic 718 to include share-based payment transactions for acquiring goods and services from nonemployees. The amendments are effective for fiscal years beginning after December 15, 2018, including interim periods within that fiscal year. Early adoption is permitted, but no earlier than an entity’s adoption date of Topic 606. The Company does not expect these amendments to have a material effect on its financial statements. 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	6 Months Ended
	Jun. 30, 2018
Fair Value Disclosures [Abstract]
Fair Value Disclosures [Text Block]	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 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 agency securities, mortgage-backed securities issued by government sponsored entities, and municipal bonds. There have been no changes in valuation techniques for the three and six months ended June 30, 2018. 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 June 30, 2018 and December 31, 2017 (in thousands): Investment securities ‎ available for sale ‎ June 30, 2018 Fair value Quoted Prices in ‎ Active Markets ‎ for Identical ‎ Assets (Level 1) Significant ‎ Other ‎ Observable ‎ Inputs (Level 2) Significant ‎ Unobservable ‎ Inputs (Level 3) U.S. government agencies – GSE's $ 11,259 $ - $ 11,259 $ - Mortgage-backed securities - GSE’s 24,778 - 24,778 - Corporate Bonds 1,792 - 1,792 - Municipal bonds 17,904 - 17,904 - Total investment held for sale $ 55,733 $ - $ 55,733 $ - Investment securities ‎ available for sale December 31, 2017 Fair value Quoted Prices in ‎ Active Markets ‎ for Identical ‎ Assets (Level 1) Significant ‎ Other Observable ‎ Inputs (Level 2) Significant ‎ Unobservable ‎ Inputs (Level 3) U.S. government agencies – GSE's $ 13,364 $ - $ 13,364 $ - Mortgage-backed securities - GSE’s 29,684 - 29,684 - Corporate Bonds 1,888 - 1,888 - Municipal bonds 18,838 - 18,838 - Total investment held for sale $ 63,774 $ - $ 63,774 $ - 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 an 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 June 30, 2018 and December 31, 2017, substantially all of the total impaired loans were evaluated based on the fair value of the collateral. Impaired loans where an allowance 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 June 30, 2018, the discounts to appraised value 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 June 30, 2018. Foreclosed Real Estate Foreclosed real estate are properties recorded at estimated fair value less estimated selling costs. 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 June 30, 2018, the discounts used ranged between 6% and 10%. There have been no changes in valuation techniques for the three months ended June 30, 2018. Assets held for sale During 2015, a branch facility was taken out of service as part of the Company’s branch restructuring plan and reclassified as held for sale. The property is recorded at the remaining book balance of the asset or an estimated fair value 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, assets held for sale is classified within Level 3 of the hierarchy. The significant unobservable input used is the discount applied to appraised values to account for expected liquidation and selling costs ranged between 1% and 25 % at June 30, 2018. There have been no changes in the valuation techniques for the three months ended June 30, 2018. Loans held for sale The Company originated 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. Therefore, loans held for sale is classified within Level 2 of the hierarchy. 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. 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 June 30, 2018 and December 31, 2017 (in thousands): Asset Category ‎ June 30, 2018 Fair value Quoted Prices in ‎ Active Markets ‎ for Identical ‎ Assets (Level 1) Significant ‎ Other ‎ Observable ‎ Inputs (Level 2) Significant ‎ Unobservable ‎ Inputs (Level 3) Impaired loans $ 2,139 $ - $ - $ 2,139 Loans held for sale 349 - 349 - Assets held for sale 796 - - 796 Foreclosed real estate 1,497 - - 1,497 Total $ 4,781 $ - $ 349 $ 4,432 Asset Category ‎ December 31, 2017 Fair value Quoted Prices in ‎ Active Markets ‎ for Identical ‎ Assets (Level 1) Significant ‎ Other ‎ Observable ‎ Inputs (Level 2) Significant ‎ Unobservable ‎ Inputs (Level 3) Impaired loans $ 899 $ - $ - $ 899 Loans held for sale 98 - 98 - Assets held for sale 846 - - 846 Foreclosed real estate 1,258 - - 1,258 Total $ 3,101 $ - $ 98 $ 3,003 The following table presents the carrying values and estimated fair values of the Company's financial instruments at June 30, 2018 and December 31, 2017: June 30, 2018 Carrying Estimated Amount Fair Value Level 1 Level 2 Level 3 (dollars in thousands) Financial assets: Cash and due from banks $ 20,997 $ 20,997 $ 20,997 $ - $ - Certificates of deposit 1,000 1,000 1,000 - - Interest-earning deposits in other banks 62,498 62,498 62,498 - - Investment securities available for sale 55,733 55,733 - 55,733 - Loans held for sale 349 349 349 - Loans, net 983,357 965,859 - - 965,859 Accrued interest receivable 3,888 3,888 - 3,888 - Stock in FHLB 3,882 3,882 - - 3,882 Other non-marketable securities 876 876 - - 876 Assets held for sale 796 796 - - 796 Financial liabilities: Deposits $ 993,484 $ 993,467 $ - $ 993,467 $ - Short-term debt 21,071 21,071 - 21,071 - Long-term debt 57,372 54,862 - 54,862 - Accrued interest payable 528 528 - 528 - December 31, 2017 Carrying Estimated Amount Fair Value Level 1 Level 2 Level 3 (dollars in thousands) Financial assets: Cash and due from banks $ 16,554 $ 16,554 $ 16,554 $ - $ - Certificates of deposits 1,500 1,500 1,500 - - Interest-earning deposits in other banks 37,996 37,996 37,996 - - Federal funds sold 6,645 6,645 6,645 - - Investment securities available for sale 63,774 63,774 - 63,774 - Loans held for sale 98 98 - 98 - Loans, net 973,791 972,475 - - 972,475 Accrued interest receivable 3,997 3,997 - 3,997 - Stock in the FHLB 2,490 2,490 - - 2,490 Other non-marketable securities 1,019 1,019 - - 1,019 Assets held for sale 846 846 - - 846 Financial liabilities: Deposits $ 995,044 $ 991,977 $ - $ 991,977 $ - Short-term debt 28,279 28,279 - 28,279 - Long-term debt 19,372 14,640 - 14,640 - Accrued interest payable 427 427 - 427 -

INVESTMENT SECURITIES

INVESTMENT SECURITIES	6 Months Ended
	Jun. 30, 2018
Investments, Debt and Equity Securities [Abstract]
Investments in Debt and Marketable Equity Securities (and Certain Trading Assets) Disclosure [Text Block]	NOTE E - INVESTMENT SECURITIES The amortized cost and fair value of AFS investments, with gross unrealized gains and losses, follow: June 30, 2018 Gross Gross Amortized unrealized unrealized Fair cost gains losses value (dollars in thousands) Securities available for sale: U.S. government agencies – GSE’s $ 11,384 $ 19 $ (144 ) $ 11,259 Mortgage-backed securities – GSE’s 25,069 81 (372 ) 24,778 Corporate bonds 1,776 24 (8 ) 1,792 Municipal bonds 17,790 135 (21 ) 17,904 $ 56,019 $ 259 $ (545 ) $ 55,733 As of June 30, 2018 accumulated other comprehensive income included net unrealized losses totaling $286,000. Deferred tax assets resulting from these net unrealized losses totaled $66,000. The amortized cost and fair value of AFS investments, with gross unrealized gains and losses, follow: December 31, 2017 Gross Gross Amortized unrealized unrealized Fair cost gains losses value (dollars in thousands) Securities available for sale: U.S. government agencies – GSE’s $ 13,241 $ 148 $ (25 ) $ 13,364 Mortgage-backed securities – GSE’s 29,571 213 (100 ) 29,684 Corporate bonds 1,858 44 (14 ) 1,888 Municipal bonds 18,583 255 - 18,838 $ 63,253 $ 660 $ (139 ) $ 63,774 As of December 31, 2017, accumulated other comprehensive income included net unrealized gains totaling $521,000. Deferred tax liabilities resulting from these net unrealized gains totaled $123,000. The scheduled maturities of securities available for sale, with gross unrealized gains and losses, were as follows: June 30, 2018 Gross Gross Amortized unrealized unrealized Fair cost gains losses value (dollars in thousands) Securities available for sale: Within 1 year $ 2,337 $ 21 $ - $ 2,358 After 1 year but within 5 years 37,703 118 (466 ) 37,355 After 5 years but within 10 years 7,004 47 (60 ) 6,991 After 10 years 8,975 73 (19 ) 9,029 $ 56,019 $ 259 $ (545 ) $ 55,733 December 31, 2017 Gross Gross Amortized unrealized unrealized Fair cost gains losses value (dollars in thousands) Securities available for sale: Within 1 year $ 975 $ 5 $ - $ 980 After 1 year but within 5 years 45,418 406 (125 ) 45,699 After 5 years but within 10 years 7,823 81 (14 ) 7,890 After 10 years 9,037 168 - 9,205 $ 63,253 $ 660 $ (139 ) $ 63,774 Securities with a carrying value of $12.0 million and $7.5 million at June 30, 2018 and December 31, 2017, 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 June 30, 2018 and December 31, 2017. The Company has not had any securities sales for the first six months of 2018 or 2017. The following tables show investments’ gross unrealized losses and fair value, aggregated by investment category and length of time that the individual securities have been in a continuous unrealized loss position, at June 30, 2018 and December 31, 2017. June 30, 2018 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 $ 6,662 $ (97 ) $ 1,265 $ (47 ) $ 7,927 $ (144 ) Mortgage-backed securities-GSE’s 17,693 (310 ) 2,425 (62 ) 20,118 (372 ) Corporate bonds 754 (8 ) - - 754 (8 ) Municipal bonds 3,763 (21 ) - - 3,763 (21 ) Total temporarily impaired securities $ 28,872 $ (436 ) $ 3,690 $ (109 ) $ 32,562 $ (545 ) At June 30, 2018, the Company had three securities with an unrealized loss for more than twelve months of $109,000. Eleven U.S. government agency GSE’s and twenty-seven mortgage-backed GSE’s, one corporate bond and eight municipal bonds had unrealized losses for less than twelve months totaling $436,000 at June 30, 2018. All unrealized losses are attributable to the general trend of interest rates. There were no sales of investment securities during the first half of 2018. December 31, 2017 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 $ 1,651 $ (9 ) $ 1,415 $ (16 ) $ 3,066 $ (25 ) Mortgage-backed securities - GSE’s 8,137 (55 ) 2,449 (45 ) 10,586 (100 ) Corporate bonds 1,752 (14 ) - - 1,752 (14 ) Municipal bonds 1,101 - - - 1,101 - Total temporarily impaired securities $ 12,641 $ (78 ) $ 3,864 $ (61 ) $ 16,505 $ (139 ) At December 31, 2017, the Company had two mortgage-backed GSE’s and two U.S Government agencies – GSE’s with an aggregate unrealized loss for twelve or more consecutive months of $61,000. The Company had 16 securities with a loss for twelve months or less. Two U.S. government agency GSE’s, three municipals, two corporates and nine mortgage-backed GSE’s had unrealized losses for less than twelve months totaling $78,000 at December 31, 2017. All unrealized losses are attributable to the general trend of interest rates and the abnormal spreads of all debt instruments to U.S. Treasury securities. The Company did not incur a loss on any securities sold during 2017.

LOANS

LOANS	6 Months Ended
	Jun. 30, 2018
Loans and Leases Receivable Disclosure [Abstract]
Loans, Notes, Trade and Other Receivables Disclosure [Text Block]	NOTE F - LOANS Following is a summary of the composition of the Company’s loan portfolio at June 30, 2018 and December 31, 2017: June 30, December 31, 2018 2017 Percent Percent Amount of total Amount of total (dollars in thousands) Real estate loans: 1-to-4 family residential $ 158,453 15.96 % $ 156,901 15.97 % Commercial real estate 428,900 43.20 % 403,100 41.02 % Multi-family residential 63,002 6.34 % 76,983 7.83 % Construction 178,098 17.94 % 177,933 18.11 % Home equity lines of credit (“HELOC”) 51,149 5.15 % 52,606 5.35 % Total real estate loans 879,602 88.59 % 867,523 88.28 % Other loans: Commercial and industrial 102,237 10.30 % 106,164 10.80 % Loans to individuals 12,551 1.26 % 10,097 1.04 % Overdrafts 91 0.01 % 147 0.01 % Total other loans 114,879 11.57 % 116,408 11.85 % Gross loans 994,481 983,931 Less deferred loan origination fees, net (1,596 ) (0.16 )% (1,305 ) (0.13 )% Total loans 992,885 100.00 % 982,626 100.00 % Allowance for loan losses (9,528 ) (8,835 ) Total loans, net $ 983,357 $ 973,791 For PCI loans acquired from Legacy Select, the contractually required payments including principal and interest, cash flows expected to be collected and fair values as of June 30, 2018 and December 31, 2017 were: (dollars in thousands) June 30, 2018 December 31, 2017 Contractually required payments $ 27,355 $ 29,285 Nonaccretable difference 2,493 2,717 Cash flows expected to be collected 24,862 26,568 Accretable yield 3,102 3,307 Carrying value $ 21,760 $ 23,261 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 June 30, 2018, the Company had pre-approved but unused lines of credit for customers totaling $172.9 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 $138.0 million of loans was pledged to the FHLB to secure borrowings at June 30, 2018. The following tables present an age analysis of past due loans, segregated by class of loans as of June 30, 2018 and December 31, 2017, respectively: June 30, 2018 30+ 90+ Non- Total Days Days Accrual Past Total Past Due Accruing Loans Due Current Loans (dollars in thousands) Commercial and industrial $ 1,527 $ 814 $ 2,289 $ 4,630 $ 97,607 $ 102,237 Construction 233 373 401 1,007 177,091 178,098 Multi-family residential - - - - 63,002 63,002 Commercial real estate 1,804 - 986 2,790 426,110 428,900 Loans to individuals & overdrafts 28 - 4 32 12,610 12,642 1-to-4 family residential 1,441 707 355 2,503 155,950 158,453 HELOC 70 - 522 592 50,557 51,149 Deferred loan (fees) cost, net - - - - - (1,596 ) $ 5,103 $ 1,894 $ 4,557 $ 11,554 $ 982,927 $ 992,885 December 31, 2017 30+ 90+ Non- Total Days Days Accrual Past Total Past Due Accruing Loans Due Current Loans (dollars in thousands) Commercial and industrial $ 215 $ 396 $ 96 $ 707 $ 105,457 $ 106,164 Construction 27 359 384 770 177,163 177,933 Multi-family residential 30 - - 30 76,953 76,983 Commercial real estate 1,464 - 528 1,992 401,108 403,100 Loans to individuals & overdrafts 22 - 7 29 10,215 10,244 1-to-4 family residential 2,824 721 771 4,316 152,585 156,901 HELOC 103 - 329 432 52,174 52,606 Deferred loan (fees) cost, net - - - - - (1,305 ) $ 4,685 $ 1,476 $ 2,115 $ 8,276 $ 975,655 $ 982,626 Impaired Loans The following tables present information on loans, excluding PCI loans and loans evaluated collectively as a homogeneous group that were considered to be impaired as of June 30, 2018 and December 31, 2017: Three months ended Six months ended As of June 30, 2018 June 30, 2018 June 30, 2018 Contractual Interest Income Interest Income Unpaid Average Recognized on Average Recognized on Recorded Principal Related Recorded Impaired Recorded Impaired Investment Balance Allowance Investment Loans Investment Loans (In thousands) With no related allowance recorded: Commercial and industrial $ 2,462 $ 3,835 $ - $ 3,031 $ 57 $ 2,447 $ 130 Construction 375 481 - 377 1 380 2 Commercial real estate 5,571 6,774 - 5,226 94 4,999 155 Loans to individuals & overdrafts - - - - - - - Multi-family residential 225 225 - 228 3 230 6 1-to-4 family residential 693 1,066 - 806 (16 ) 989 25 HELOC 577 965 - 870 12 800 31 Subtotal: 9,903 13,346 - 10,538 151 9,845 349 With an allowance recorded: Commercial and industrial 140 140 47 141 1 141 1 Construction 26 26 14 26 - 13 - Commercial real estate - - - - - - - Loans to individuals & overdrafts 4 4 4 2 - 2 - Multi-family residential - - - - - - - 1-to-4 family residential 148 155 12 149 2 175 7 HELOC 70 70 21 35 1 52 1 Subtotal: 388 395 98 353 4 383 9 Totals: Commercial 8,799 11,481 61 9,029 156 8,210 294 Consumer 4 4 4 2 - 2 - Residential 1,488 2,256 33 1,860 (1 ) 2,016 64 Grand Total: $ 10,291 $ 13,741 $ 98 $ 10,891 $ 155 $ 10,228 $ 358 Impaired loans at June 30, 2018 were approximately $10.3 million and were composed of $4.6 million in nonaccrual loans and $5.7 million in loans that were still accruing interest. Recorded investment represents the current principal balance of the loan. Approximately $388,000 in impaired loans had specific allowances provided for them while the remaining $9.9 million had no specific allowances recorded at June 30, 2018. Of the $9.9 million with no allowance recorded, $642,000 of those loans have had partial charge-offs recorded. Three months ended Six months ended As of December 31, 2017 June 30, 2017 June 30, 2017 Contractual Interest Income Interest Income Unpaid Average Recognized on Average Recognized on Recorded Principal Related Recorded Impaired Recorded Impaired Investment Balance Allowance Investment Loans Investment Loans (In thousands) With no related allowance recorded: Commercial and industrial $ 940 $ 1,234 $ - $ 1,077 $ 21 $ 1,119 $ 40 Construction 385 490 - 169 1 198 5 Commercial real estate 4,428 5,606 - 3,958 54 4,019 113 Loans to individuals & overdrafts 1 1 - - - - - Multi-family residential 234 234 - 48 - 197 - 1-to-4 family residential 1,077 1,209 - 1,022 20 1,111 33 HELOC 602 926 - 654 12 844 22 Subtotal: 7,667 9,700 - 6,928 108 7,488 213 With an allowance recorded: Commercial and industrial 142 142 50 - - 1 - Construction - - - - - - - Commercial real estate - - - 1,429 10 1,563 20 Loans to individuals & overdrafts - - - - - - - Multi-family residential - - - - - - - 1-to-4 family residential - - - 302 5 298 11 HELOC 202 202 11 16 - 33 - Subtotal: 344 344 61 1,747 15 1,895 31 Totals: Commercial 6,129 7,706 50 6,681 86 7,097 178 Consumer 1 1 - - - - - Residential 1,881 2,337 11 1,994 37 2,286 66 Grand Total: $ 8,011 $ 10,044 $ 61 $ 8,675 $ 123 $ 9,383 $ 244 Impaired loans at December 31, 2017 were approximately $8.0 million and consisted of $2.1 million in non-accrual loans and $5.9 million in loans still in accruing status. Recorded investment represents the current principal balance for the loan. Approximately $344,000 of the $8.0 million in impaired loans at December 31, 2017 had specific allowances aggregating $61,000 while the remaining $7.7 million had no specific allowances recorded. Of the $7.7 million with no allowance recorded, partial charge-offs to date amounted to $2.0 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 three and six months ended June 30, 2018 and 2017: Three months ended June 30, 2018 Six months ended June 30, 2018 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: 1-to-4 family residential 1 $ 408 $ 403 1 $ 408 $ 403 Commercial real estate 2 892 817 2 892 817 Commercial & industrial 2 533 510 6 1,579 1,555 Total 5 $ 1,833 $ 1,730 9 $ 2,879 $ 2,775 Three months ended June 30, 2017 Six months ended June 30, 2017 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: 1-to-4 family residential 1 $ 17 $ 17 1 $ 17 $ 17 Commercial & industrial 1 44 44 1 44 44 Total 2 $ 61 $ 61 2 $ 61 $ 61 Loans may be considered troubled debt restructurings for reasons other than below market interest rates, extended payment terms or forgiveness of principal. 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 period ended June 30, 2018 and 2017: Twelve months ended Twelve months ended June 30, 2018 June 30, 2017 Number Recorded Number Recorded of loans investment of loans investment (Dollars in thousands) Extended payment terms: Commercial & industrial 6 $ 1,544 2 $ 927 Commercial real estate 1 384 - - 1-to-4 family residential 2 470 1 77 Total 9 $ 2,398 3 $ 1,004 At June 30, 2018, the Bank had forty-three loans with an aggregate balance of $8.3 million that were considered to be troubled debt restructurings. Of those TDRs, twenty-six loans with a balance totaling $5.6 million were still accruing as of June 30, 2018. The remaining TDRs with balances totaling $2.7 million as of June 30, 2018 were in non-accrual status. At June 30, 2017, the Bank had thirty-two loans with an aggregate balance of $4.7 million that were considered to be troubled debt restructurings. Of those TDRs, seventeen loans with a balance totaling $3.2 million were still accruing as of June 30, 2017. The remaining TDRs with balances totaling $1.5 million as of June 30, 2017 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 June 30, 2018 and December 31, 2017, respectively: Total loans: June 30, 2018 Commercial Credit Exposure By Commercial Commercial Internally and real Multi-family Assigned Grade industrial Construction estate residential (dollars in thousands) Superior $ 1,347 $ - $ - $ - Very good 1,657 138 1,227 - Good 13,772 11,840 57,922 5,475 Acceptable 38,592 43,219 246,499 38,768 Acceptable with care 38,502 121,370 115,438 18,218 Special mention 2,413 757 4,365 316 Substandard 5,954 774 3,449 225 Doubtful - - - - Loss - - - - $ 102,237 $ 178,098 $ 428,900 $ 63,002 Consumer Credit Exposure By Internally 1-to-4 family Assigned Grade residential HELOC Pass $ 152,353 $ 49,918 Special mention 2,381 247 Substandard 3,719 984 $ 158,453 $ 51,149 Consumer Credit Exposure Based Loans to On Payment individuals & Activity overdrafts Pass $ 12,521 Non –pass 121 $ 12,642 Total Loans: December 31, 2017 Commercial Credit Exposure By Commercial Commercial Internally and real Multi-family Assigned Grade industrial Construction estate residential (dollars in thousands) Superior $ 1,207 $ - $ - $ - Very good 2,454 111 420 - Good 13,161 11,343 46,790 11,394 Acceptable 44,968 40,558 249,988 46,246 Acceptable with care 38,631 124,593 97,798 18,787 Special mention 3,172 583 3,771 322 Substandard 2,571 745 4,333 234 Doubtful - - - - Loss - - - - $ 106,164 $ 177,933 $ 403,100 $ 76,983 Consumer Credit Exposure By Internally 1-to-4 family Assigned Grade residential HELOC Pass $ 149,767 $ 51,326 Special mention 3,270 253 Substandard 3,864 1,027 $ 156,901 $ 52,606 Consumer Credit Exposure Based Loans to On Payment individuals & Activity overdrafts Pass $ 10,233 Non-pass 11 $ 10,244 Determining the fair value of Purchased Credit Impaired (“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 companies. The following table documents changes to the amount of the accretable yield on PCI loans for the three and six months ended June 30, 2018 and 2017: Three Months Three Months Six Months Six Months Ended Ended Ended Ended June 30, June 30, June 30, June 30, 2018 2017 2018 2017 (dollars in thousands) Accretable yield, beginning of period $ 3,040 $ 2,465 $ 3,307 $ 2,626 Accretion (348 ) (260 ) (702 ) (520 ) Reclassification from (to) nonaccretable difference 78 72 63 79 Other changes, net 332 3 434 95 Accretable yield, end of period $ 3,102 $ 2,280 $ 3,102 $ 2,280 The following tables present a roll forward of the Company’s allowance for loan losses by loan class for the three and six month periods ended June 30, 2018, respectively: Three months ended June 30, 2018 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 (dollars in thousands) Loans – excluding PCI Balance, beginning of period $ 729 $ 1,686 $ 3,590 $ 1,275 $ 645 $ 125 $ 697 $ 8,747 Provision for loan losses 37 82 330 137 (16 ) 200 (109 ) 661 Loans charged-off - - - - (13 ) (13 ) - (26 ) Recoveries 15 - 6 9 2 8 - 40 Balance, end of period $ 781 $ 1,768 $ 3,926 $ 1,421 $ 618 $ 320 $ 588 $ 9,422 PCI Loans Balance, beginning of period $ 144 $ - $ 66 $ - $ - $ - $ - $ 210 Provision for loan losses (90 ) - (14 ) - - - - (104 ) Loans charged-off - - - - - - - - Recoveries - - - - - - - - Balance, end of period $ 54 $ - $ 52 $ - $ - $ - $ - $ 106 Total Loans Balance, beginning of period $ 873 $ 1,686 $ 3,656 $ 1,275 $ 645 $ 125 $ 697 $ 8,957 Provision for loan losses (53 ) 82 316 137 (16 ) 200 (109 ) 557 Loans charged-off - - - - (13 ) (13 ) - (26 ) Recoveries 15 - 6 9 2 8 - 40 Balance, end of period $ 835 $ 1,768 $ 3,978 $ 1,421 $ 618 $ 320 $ 588 $ 9,528 Ending Balance: individually evaluated for impairment $ 47 $ 14 $ - $ 12 $ 21 $ 4 $ - $ 98 Ending Balance: collectively evaluated for impairment $ 788 $ 1,754 $ 3,978 $ 1,409 $ 597 $ 316 $ 588 $ 9,430 Loans: Ending Balance: collectively evaluated for impairment non PCI loans $ 98,078 $ 176,956 $ 414,666 $ 149,664 $ 50,452 $ 12,576 $ 61,753 $ 964,145 Ending Balance: collectively evaluated for impairment PCI loans $ 1,557 $ 741 $ 8,663 $ 7,948 $ 50 $ 62 $ 1,024 $ 20,045 Ending Balance: individually evaluated for impairment $ 2,602 $ 401 $ 5,571 $ 841 $ 647 $ 4 $ 225 $ 10,291 Ending Balance $ 102,237 $ 178,098 $ 428,900 $ 158,453 $ 51,149 $ 12,642 $ 63,002 $ 994,481 Six months ended June 30, 2018 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 (dollars in thousands) Loans – excluding PCI Balance, beginning of period $ 742 $ 1,955 $ 3,304 $ 1,058 $ 549 $ 305 $ 791 $ 8,704 Provision for loan losses 27 (193 ) 612 345 109 26 (203 ) 723 Loans charged-off (9 ) - - - (48 ) (28 ) - (85 ) Recoveries 21 6 10 18 8 17 - 80 Balance, end of period $ 781 $ 1,768 $ 3,926 $ 1,421 $ 618 $ 320 $ 588 $ 9,422 PCI Loans Balance, beginning of period $ 65 $ - $ 66 $ - $ - $ - $ - $ 131 Provision for loan losses (11 ) - (14 ) - - - - (25 ) Loans charged-off - - - - - - - - Recoveries - - - - - - - - Balance, end of period $ 54 $ - $ 52 $ - $ - $ - $ - $ 106 Total Loans Balance, beginning of period $ 807 $ 1,955 $ 3,370 $ 1,058 $ 549 $ 305 $ 791 $ 8,835 Provision for loan losses 16 (193 ) 598 345 109 26 (203 ) 698 Loans charged-off (9 ) - - - (48 ) (28 ) - (85 ) Recoveries 21 6 10 18 8 17 - 80 Balance, end of period $ 835 $ 1,768 $ 3,978 $ 1,421 $ 618 $ 320 $ 588 $ 9,528 The following tables present a roll forward of the Company’s allowance for loan losses by loan class for the three and six month periods ended June 30, 2017, respectively: Three months ended June 30, 2017 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 (dollars in thousands) Loans – excluding PCI Balance, beginning of period $ 958 $ 1,177 $ 3,169 $ 770 $ 589 $ 465 $ 583 $ 7,711 Provision for loan losses (119 ) 111 1,110 143 (28 ) (294 ) 149 1,072 Loans charged-off (35 ) - (373 ) - - (34 ) - (442 ) Recoveries 91 4 7 10 2 5 - 119 Balance, end of period $ 895 $ 1,292 $ 3,913 $ 923 $ 563 $ 142 $ 732 $ 8,460 PCI Loans Balance, beginning of period $ 5 $ - $ 294 $ - $ 12 $ - $ - $ 311 Provision for loan losses (5 ) - 12 16 (12 ) - - 11 Loans charged-off - - (294 ) - - - - (294 ) Recoveries - - - - - - - - Balance, end of period $ - $ - $ 12 $ 16 $ - $ - $ - $ 28 Total Loans Balance, beginning of period $ 963 $ 1,177 $ 3,463 $ 770 $ 601 $ 465 $ 583 $ 8,022 Provision for loan losses (124 ) 111 1,122 159 (40 ) (294 ) 149 1,083 Loans charged-off (35 ) - (667 ) - - (34 ) - (736 ) Recoveries 91 4 7 10 2 5 - 119 Balance, end of period $ 895 $ 1,292 $ 3,925 $ 939 $ 563 $ 142 $ 732 $ 8,488 Ending Balance: individually evaluated for impairment $ - $ - $ 12 $ 16 $ - $ - $ - $ 28 Ending Balance: collectively evaluated for impairment $ 895 $ 1,292 $ 3,913 $ 923 $ 563 $ 142 $ 732 $ 8,460 Loans: Ending Balance: collectively evaluated for impairment non PCI loans $ 87,122 $ 125,207 $ 285,314 $ 95,242 $ 41,431 $ 10,315 $ 70,268 $ 714,899 Ending Balance: collectively evaluated for impairment PCI loans $ 31 $ 894 $ 7,788 $ 6,880 $ 193 $ 107 $ 750 $ 16,643 Ending Balance: individually evaluated for impairment $ 1,053 $ 164 $ 4,304 $ 1,522 $ 681 $ - $ 48 $ 7,772 Ending Balance $ 88,206 $ 126,265 $ 297,406 $ 103,644 $ 42,305 $ 10,422 $ 71,066 $ 739,31 4 Six months ended June 30, 2017 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 (dollars in thousands) Loans – excluding PCI Balance, beginning of period $ 1,211 $ 1,301 $ 3,448 $ 846 $ 611 $ 317 $ 628 $ 8,362 Provision for loan losses (466 ) (18 ) 1,081 58 (2 ) (139 ) 102 616 Loans charged-off (37 ) - (623 ) - (69 ) (50 ) - (779 ) Recoveries 187 9 7 19 23 14 2 261 Balance, end of period $ 895 $ 1,292 $ 3,913 $ 923 $ 563 $ 142 $ 732 $ 8,460 PCI Loans Balance, beginning of period $ 37 $ - $ - $ - $ 12 $ - $ - $ 49 Provision for loan losses (37 ) - 306 16 (12 ) - - 273 Loans charged-off - - (294 ) - - - - (294 ) Recoveries - - - - - - - - Balance, end of period $ - $ - $ 12 $ 16 $ - $ - $ - $ 28 Total Loans Balance, beginning of period $ 1,248 $ 1,301 $ 3,448 $ 846 $ 623 $ 317 $ 628 $ 8,411 Provision for loan losses (503 ) (18 ) 1,387 74 (14 ) (139 ) 102 889 Loans charged-off (37 ) - (917 ) - (69 ) (50 ) - (1,073 ) Recoveries 187 9 7 19 23 14 2 261 Balance, end of period $ 895 $ 1,292 $ 3,925 $ 939 $ 563 $ 142 $ 732 $ 8,488

LOANS HELD FOR SALE

LOANS HELD FOR SALE	6 Months Ended
	Jun. 30, 2018
Loans Receivable Held-for-sale, Net, Not Part of Disposal Group [Abstract]
Loans Held For Sale [Text Block]	NOTE G – LOANS HELD FOR SALE We originate 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. We usually deliver 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. We are 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	6 Months Ended
	Jun. 30, 2018
Revenue from Contract with Customer [Abstract]
Revenue from Contract with Customer [Text Block]	NOTE H – REVENUE RECOGNITION On January 1, 2018, the Company adopted ASU No. 2014-09 Revenue from Contracts with Customers (Topic 606) and all subsequent ASUs that modified Topic 606. As stated in Note C Recent Accounting Pronouncements Topic 606 does not apply to revenue associated with financial instruments, including revenue from loans and securities. In addition, certain noninterest income streams such as fees associated with mortgage servicing rights, financial guarantees, derivatives, and certain credit card fees are also not in scope of the new guidance. Topic 606 is applicable to noninterest revenue streams such as trust and asset management income, deposit related fees, interchange fees, merchant income, and annuity and insurance commissions. However, the recognition of these revenue streams did not change significantly upon adoption of Topic 606. Substantially all of the Company’s revenue is generated from contracts with customers. Noninterest revenue streams in-scope of Topic 606 are discussed below. Service Charges on Deposit Accounts Service charges on deposit accounts consist of insufficient funds fees, account analysis fees (i.e., net fees earned on analyzed business and public checking accounts), monthly service fees, check orders, and other deposit account related fees. The Company’s performance obligation for account analysis fees and monthly service fees is generally satisfied, and the related revenue recognized, over the period in which the service is provided. Check orders and other deposit account related fees are largely transactional based, and therefore, the Company’s performance obligation is satisfied, and related revenue recognized, at a point in time. Payment for service charges on deposit accounts is primarily received immediately or in the following month through a direct charge to customers’ accounts. Other Fees and Income Other fees and income primarily consist of debit and credit card income, ATM fees, merchant services income, and other service charges. Debit and credit card income primarily consists of interchange fees earned whenever the Company’s debit and credit cards are processed through card payment networks such as Visa. ATM fees are primarily generated when a Company cardholder uses a non-Company ATM or a non-Company cardholder uses a Company ATM. Merchant services income mainly represents fees charged to merchants to process their debit and credit card transactions, in addition to account management fees. Other service charges include revenue from processing wire transfers, bill pay service, cashier’s checks, and other services. The Company’s performance obligation for fees, exchange, and other service charges are largely satisfied, and related revenue recognized, when the services are rendered or upon completion. Payment is typically received immediately or in the following month. Other fees and income also includes other recurring revenue streams such as safety deposit box rental fees and other miscellaneous revenue streams. Safe deposit box rental fees are charged to the customer on an annual basis and recognized upon receipt of payment. The Company determined that since rentals and renewals occur fairly consistently over time, revenue is recognized on a basis consistent with the duration of the performance obligation. The following presents noninterest income, segregated by revenue streams in-scope and out-of-scope of Topic 606, for the three and six months ended June 30, 2018 and 2017. Three Months Three Months Six Months Six Months Ended Ended Ended Ended June 30, June 30, June 30, June 30, 2018 2017 2018 2017 (dollars in thousands) Service Charges on Deposit Accounts $ 245 $ 216 $ 521 $ 413 Other 364 343 771 609 Noninterest Income (in-scope of Topic 606) 609 559 1,292 1,040 Noninterest Income (out-of-scope of Topic 606) 617 219 1,099 468 Total Non-interest Income $ 1,226 $ 778 $ 2,391 $ 1,508 Contract Balances A contract asset balance occurs when an entity performs a service for a customer before the customer pays consideration (resulting in a contract receivable) or before payment is due (resulting in a contract asset). A contract liability balance is an entity’s obligation to transfer a service to a customer for which the entity has already received payment (or payment is due) from the customer. The Company’s noninterest revenue streams are largely based on transactional activity. Consideration is often received immediately or shortly after the Company satisfies its performance obligation and revenue is recognized. The Company does not typically enter into long-term revenue contracts with customers, and therefore, does not experience significant contract balances. As of June 30, 2018 and December 31, 2017, the Company did not have any significant contract balances. Contract Acquisition Costs In connection with the adoption of Topic 606, an entity is required to capitalize, and subsequently amortize into expense, certain incremental costs of obtaining a contract with a customer if these costs are expected to be recovered. The incremental costs of obtaining a contract are those costs that an entity incurs to obtain a contract with a customer that it would not have incurred if the contract had not been obtained (for example, sales commission). 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	6 Months Ended
	Jun. 30, 2018
Banking and Thrift [Abstract]
Real Estate Owned [Text Block]	NOTE I – OTHER REAL ESTATE OWNED The following table explains changes in other real estate owned during the six months ended June 30, 2018 and 2017 (dollars in thousands): Six Months Six Months Ended June 30, Ended June 30, 2018 2017 (dollars in thousands) Beginning balance January 1 $ 1,258 $ 599 Sales (86 ) (384 ) Write-downs and gains/(losses) on sales (53 ) 61 Transfers 378 2,426 Ending balance $ 1,497 $ 2,702 At June 30, 2018 and December 31, 2017, the Company had $1.5 million and $1.3 million, respectively, of foreclosed residential real estate property in OREO. The recorded investment in consumer mortgage loans collateralized by residential real estate property in the process of foreclosure totaled $135,000 at June 30, 2018. At December 31, 2017, the Company had no such loans.

BUSINESS COMBINATIONS

BUSINESS COMBINATIONS	6 Months Ended
	Jun. 30, 2018
Business Combinations [Abstract]
Business Combination Disclosure [Text Block]	Note J – Business Combinations On July 20, 2017, the Company executed a merger agreement with Premara Financial, Inc. (“Premara”), a bank holding company headquartered in Charlotte, North Carolina, whose wholly owned subsidiary, Carolina Premier Bank, was a North Carolina state-chartered commercial bank. On December 15, 2017, the Company completed its previously announced acquisition of Premara and pursuant to the terms of the merger agreement, Premara was merged with and into the Company, followed immediately by the merger of Carolina Premier Bank with and into the Bank. Carolina Premier had approximately $279.6 million in assets as of the merger date, December 15, 2017. The merger expanded the Bank’s North Carolina presence with a branch in Charlotte and marked the Bank’s initial entry into South Carolina with the acquisition of branches in Rock Hill, Blacksburg and Six Mile, South Carolina. Premara had 3,179,808 shares of common stock outstanding as of the merger closing date. Under the terms of the merger agreement, 948,080 shares of Premara common stock (equivalent to 30% of Premara’s outstanding shares of common stock as of the date of the merger agreement) were converted to the $12.65 per share cash merger consideration, for aggregate cash consideration of $11,993,212 (exclusive of cash paid-in-lieu of fractional shares) which was paid out subsequent to December 31, 2017. Pursuant to the merger agreement, each warrant or stock option to acquire shares of Premara common stock issued and outstanding as of the effective time of the merger was converted into the right to receive from the Company a cash payment equal to $12.65 less the exercise price of such warrant or option, as applicable and paid out prior to year-end. The remaining 2,231,728 Premara common shares were converted into stock consideration at the merger exchange ratio of 1.0463 shares of Company common stock for each share of Premara common stock, resulting in the issuance of 2,334,999 new shares of Company common stock. The transaction was valued at approximately $40.6 million in the aggregate based on 3,179,808 shares of Premara common stock outstanding on December 15, 2017. The shares of Premara common stock converted to the Company’s common stock are valued at $12.14 per share, the low price of Select common stock on December 15, 2017. The merger with Premara was accounted for under the acquisition method of accounting with the Company as the legal and accounting acquirer and Premara as the legal and accounting acquiree. The assets and liabilities of Premara, as of the effective date of the acquisition, are recorded at their respective fair values. For the acquisition of Premara, estimated fair values of assets acquired and liabilities assumed are based on the information that is available, and the Company believes this information provides a reasonable basis for determining fair values. Goodwill recorded for Premara represents future revenues to be derived from the existing customer base, including efficiencies that will result from combining operations. During the first quarter of 2018, goodwill decreased by $325,000 due to adjustments to liabilities assumed and the tax re-measurement associated with the completion of the final short-year tax return. Merger-related expenses in the first quarter of 2018 totaled $1.8 million which were recorded as noninterest expense as incurred. The following tables reflect the pro forma total net interest income, noninterest income and net income for the six months ended June 30, 2017 as though the acquisition of Premara had taken place on January 1, 2017 and actual amounts for the six months ended June 30, 2018. The pro forma results have not been adjusted to remove non-recurring acquisition-related expenses, and are not necessarily indicative of the results of operations that would have occurred had the acquisition actually taken place on January 1, 2017, nor of future results of operations. Six Months Ended June 30 2018 2017 (dollars in thousands, except per share) Net interest income $ 23,633 $ 22,422 Non-interest income 2,391 2,358 Net income available to common shareholders 5,007 4,728 Earnings per share, basic $ 0.36 $ 0.34 Earnings per share, diluted $ 0.36 $ 0.34 Weighted average common shares outstanding, basic 14,015,511 13,992,390 Weighted average common shares outstanding, diluted 14,084,226 14,055,840

SUBSEQUENT EVENTS

SUBSEQUENT EVENTS	6 Months Ended
	Jun. 30, 2018
Subsequent Events [Abstract]
Subsequent Events [Text Block]	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 no reportable subsequent events.

PER SHARE RESULTS (Tables)

PER SHARE RESULTS (Tables)	6 Months Ended
	Jun. 30, 2018
Earnings Per Share [Abstract]
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block]	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 June 30, 2018 and 2017 there were 121,300 and 23,300 anti-dilutive options outstanding, respectively. Three Months Ended Six Months Ended June 30, June 30, 2018 2017 2018 2017 Weighted average shares used for basic net income available to common shareholders 14,019,273 11,662,117 14,015,511 11,657,391 Effect of dilutive stock options 67,398 64,993 68,777 63,450 Weighted average shares used for diluted net income available to common shareholders 14,086,671 11,727,110 14,084,288 11,720,841

FAIR VALUE MEASUREMENTS (Tables

FAIR VALUE MEASUREMENTS (Tables)	6 Months Ended
	Jun. 30, 2018
Fair Value Disclosures [Abstract]
Fair Value, Assets Measured on Recurring Basis [Table Text Block]	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 June 30, 2018 and December 31, 2017 (in thousands): Investment securities ‎ available for sale ‎ June 30, 2018 Fair value Quoted Prices in ‎ Active Markets ‎ for Identical ‎ Assets (Level 1) Significant ‎ Other ‎ Observable ‎ Inputs (Level 2) Significant ‎ Unobservable ‎ Inputs (Level 3) U.S. government agencies – GSE's $ 11,259 $ - $ 11,259 $ - Mortgage-backed securities - GSE’s 24,778 - 24,778 - Corporate Bonds 1,792 - 1,792 - Municipal bonds 17,904 - 17,904 - Total investment held for sale $ 55,733 $ - $ 55,733 $ - Investment securities ‎ available for sale December 31, 2017 Fair value Quoted Prices in ‎ Active Markets ‎ for Identical ‎ Assets (Level 1) Significant ‎ Other Observable ‎ Inputs (Level 2) Significant ‎ Unobservable ‎ Inputs (Level 3) U.S. government agencies – GSE's $ 13,364 $ - $ 13,364 $ - Mortgage-backed securities - GSE’s 29,684 - 29,684 - Corporate Bonds 1,888 - 1,888 - Municipal bonds 18,838 - 18,838 - Total investment held for sale $ 63,774 $ - $ 63,774 $ -
Fair Value Measurements, Nonrecurring [Table Text Block]	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 June 30, 2018 and December 31, 2017 (in thousands): Asset Category ‎ June 30, 2018 Fair value Quoted Prices in ‎ Active Markets ‎ for Identical ‎ Assets (Level 1) Significant ‎ Other ‎ Observable ‎ Inputs (Level 2) Significant ‎ Unobservable ‎ Inputs (Level 3) Impaired loans $ 2,139 $ - $ - $ 2,139 Loans held for sale 349 - 349 - Assets held for sale 796 - - 796 Foreclosed real estate 1,497 - - 1,497 Total $ 4,781 $ - $ 349 $ 4,432 Asset Category ‎ December 31, 2017 Fair value Quoted Prices in ‎ Active Markets ‎ for Identical ‎ Assets (Level 1) Significant ‎ Other ‎ Observable ‎ Inputs (Level 2) Significant ‎ Unobservable ‎ Inputs (Level 3) Impaired loans $ 899 $ - $ - $ 899 Loans held for sale 98 - 98 - Assets held for sale 846 - - 846 Foreclosed real estate 1,258 - - 1,258 Total $ 3,101 $ - $ 98 $ 3,003
Schedule of Fair Value, Off-balance Sheet Risks [Table Text Block]	The following table presents the carrying values and estimated fair values of the Company's financial instruments at June 30, 2018 and December 31, 2017: June 30, 2018 Carrying Estimated Amount Fair Value Level 1 Level 2 Level 3 (dollars in thousands) Financial assets: Cash and due from banks $ 20,997 $ 20,997 $ 20,997 $ - $ - Certificates of deposit 1,000 1,000 1,000 - - Interest-earning deposits in other banks 62,498 62,498 62,498 - - Investment securities available for sale 55,733 55,733 - 55,733 - Loans held for sale 349 349 349 - Loans, net 983,357 965,859 - - 965,859 Accrued interest receivable 3,888 3,888 - 3,888 - Stock in FHLB 3,882 3,882 - - 3,882 Other non-marketable securities 876 876 - - 876 Assets held for sale 796 796 - - 796 Financial liabilities: Deposits $ 993,484 $ 993,467 $ - $ 993,467 $ - Short-term debt 21,071 21,071 - 21,071 - Long-term debt 57,372 54,862 - 54,862 - Accrued interest payable 528 528 - 528 - December 31, 2017 Carrying Estimated Amount Fair Value Level 1 Level 2 Level 3 (dollars in thousands) Financial assets: Cash and due from banks $ 16,554 $ 16,554 $ 16,554 $ - $ - Certificates of deposits 1,500 1,500 1,500 - - Interest-earning deposits in other banks 37,996 37,996 37,996 - - Federal funds sold 6,645 6,645 6,645 - - Investment securities available for sale 63,774 63,774 - 63,774 - Loans held for sale 98 98 - 98 - Loans, net 973,791 972,475 - - 972,475 Accrued interest receivable 3,997 3,997 - 3,997 - Stock in the FHLB 2,490 2,490 - - 2,490 Other non-marketable securities 1,019 1,019 - - 1,019 Assets held for sale 846 846 - - 846 Financial liabilities: Deposits $ 995,044 $ 991,977 $ - $ 991,977 $ - Short-term debt 28,279 28,279 - 28,279 - Long-term debt 19,372 14,640 - 14,640 - Accrued interest payable 427 427 - 427 -

INVESTMENT SECURITIES (Tables)

INVESTMENT SECURITIES (Tables)	6 Months Ended
	Jun. 30, 2018
Investments, Debt and Equity Securities [Abstract]
Schedule of Available-for-sale Securities Reconciliation [Table Text Block]	The amortized cost and fair value of AFS investments, with gross unrealized gains and losses, follow: June 30, 2018 Gross Gross Amortized unrealized unrealized Fair cost gains losses value (dollars in thousands) Securities available for sale: U.S. government agencies – GSE’s $ 11,384 $ 19 $ (144 ) $ 11,259 Mortgage-backed securities – GSE’s 25,069 81 (372 ) 24,778 Corporate bonds 1,776 24 (8 ) 1,792 Municipal bonds 17,790 135 (21 ) 17,904 $ 56,019 $ 259 $ (545 ) $ 55,733 The amortized cost and fair value of AFS investments, with gross unrealized gains and losses, follow: December 31, 2017 Gross Gross Amortized unrealized unrealized Fair cost gains losses value (dollars in thousands) Securities available for sale: U.S. government agencies – GSE’s $ 13,241 $ 148 $ (25 ) $ 13,364 Mortgage-backed securities – GSE’s 29,571 213 (100 ) 29,684 Corporate bonds 1,858 44 (14 ) 1,888 Municipal bonds 18,583 255 - 18,838 $ 63,253 $ 660 $ (139 ) $ 63,774
Investments Classified by Contractual Maturity Date [Table Text Block]	The scheduled maturities of securities available for sale, with gross unrealized gains and losses, were as follows: June 30, 2018 Gross Gross Amortized unrealized unrealized Fair cost gains losses value (dollars in thousands) Securities available for sale: Within 1 year $ 2,337 $ 21 $ - $ 2,358 After 1 year but within 5 years 37,703 118 (466 ) 37,355 After 5 years but within 10 years 7,004 47 (60 ) 6,991 After 10 years 8,975 73 (19 ) 9,029 $ 56,019 $ 259 $ (545 ) $ 55,733 December 31, 2017 Gross Gross Amortized unrealized unrealized Fair cost gains losses value (dollars in thousands) Securities available for sale: Within 1 year $ 975 $ 5 $ - $ 980 After 1 year but within 5 years 45,418 406 (125 ) 45,699 After 5 years but within 10 years 7,823 81 (14 ) 7,890 After 10 years 9,037 168 - 9,205 $ 63,253 $ 660 $ (139 ) $ 63,774
Schedule of Unrealized Loss on Investments [Table Text Block]	The following tables show investments’ gross unrealized losses and fair value, aggregated by investment category and length of time that the individual securities have been in a continuous unrealized loss position, at June 30, 2018 and December 31, 2017. June 30, 2018 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 $ 6,662 $ (97 ) $ 1,265 $ (47 ) $ 7,927 $ (144 ) Mortgage-backed securities-GSE’s 17,693 (310 ) 2,425 (62 ) 20,118 (372 ) Corporate bonds 754 (8 ) - - 754 (8 ) Municipal bonds 3,763 (21 ) - - 3,763 (21 ) Total temporarily impaired securities $ 28,872 $ (436 ) $ 3,690 $ (109 ) $ 32,562 $ (545 ) December 31, 2017 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 $ 1,651 $ (9 ) $ 1,415 $ (16 ) $ 3,066 $ (25 ) Mortgage-backed securities - GSE’s 8,137 (55 ) 2,449 (45 ) 10,586 (100 ) Corporate bonds 1,752 (14 ) - - 1,752 (14 ) Municipal bonds 1,101 - - - 1,101 - Total temporarily impaired securities $ 12,641 $ (78 ) $ 3,864 $ (61 ) $ 16,505 $ (139 )

LOANS (Tables)

LOANS (Tables)	6 Months Ended
	Jun. 30, 2018
Receivables [Abstract]
Schedule of Accounts, Notes, Loans and Financing Receivable [Table Text Block]	Following is a summary of the composition of the Company’s loan portfolio at June 30, 2018 and December 31, 2017: June 30, December 31, 2018 2017 Percent Percent Amount of total Amount of total (dollars in thousands) Real estate loans: 1-to-4 family residential $ 158,453 15.96 % $ 156,901 15.97 % Commercial real estate 428,900 43.20 % 403,100 41.02 % Multi-family residential 63,002 6.34 % 76,983 7.83 % Construction 178,098 17.94 % 177,933 18.11 % Home equity lines of credit (“HELOC”) 51,149 5.15 % 52,606 5.35 % Total real estate loans 879,602 88.59 % 867,523 88.28 % Other loans: Commercial and industrial 102,237 10.30 % 106,164 10.80 % Loans to individuals 12,551 1.26 % 10,097 1.04 % Overdrafts 91 0.01 % 147 0.01 % Total other loans 114,879 11.57 % 116,408 11.85 % Gross loans 994,481 983,931 Less deferred loan origination fees, net (1,596 ) (0.16 )% (1,305 ) (0.13 )% Total loans 992,885 100.00 % 982,626 100.00 % Allowance for loan losses (9,528 ) (8,835 ) Total loans, net $ 983,357 $ 973,791
Schedule Of Fair Values Of Expected Cash flows And Loan Related Payments To Acquired Company At Time Of Merger [Table Text Block]	For PCI loans acquired from Legacy Select, the contractually required payments including principal and interest, cash flows expected to be collected and fair values as of June 30, 2018 and December 31, 2017 were: (dollars in thousands) June 30, 2018 December 31, 2017 Contractually required payments $ 27,355 $ 29,285 Nonaccretable difference 2,493 2,717 Cash flows expected to be collected 24,862 26,568 Accretable yield 3,102 3,307 Carrying value $ 21,760 $ 23,261
Past Due Financing Receivables [Table Text Block]	The following tables present an age analysis of past due loans, segregated by class of loans as of June 30, 2018 and December 31, 2017, respectively: June 30, 2018 30+ 90+ Non- Total Days Days Accrual Past Total Past Due Accruing Loans Due Current Loans (dollars in thousands) Commercial and industrial $ 1,527 $ 814 $ 2,289 $ 4,630 $ 97,607 $ 102,237 Construction 233 373 401 1,007 177,091 178,098 Multi-family residential - - - - 63,002 63,002 Commercial real estate 1,804 - 986 2,790 426,110 428,900 Loans to individuals & overdrafts 28 - 4 32 12,610 12,642 1-to-4 family residential 1,441 707 355 2,503 155,950 158,453 HELOC 70 - 522 592 50,557 51,149 Deferred loan (fees) cost, net - - - - - (1,596 ) $ 5,103 $ 1,894 $ 4,557 $ 11,554 $ 982,927 $ 992,885 December 31, 2017 30+ 90+ Non- Total Days Days Accrual Past Total Past Due Accruing Loans Due Current Loans (dollars in thousands) Commercial and industrial $ 215 $ 396 $ 96 $ 707 $ 105,457 $ 106,164 Construction 27 359 384 770 177,163 177,933 Multi-family residential 30 - - 30 76,953 76,983 Commercial real estate 1,464 - 528 1,992 401,108 403,100 Loans to individuals & overdrafts 22 - 7 29 10,215 10,244 1-to-4 family residential 2,824 721 771 4,316 152,585 156,901 HELOC 103 - 329 432 52,174 52,606 Deferred loan (fees) cost, net - - - - - (1,305 ) $ 4,685 $ 1,476 $ 2,115 $ 8,276 $ 975,655 $ 982,626
Impaired Financing Receivables [Table Text Block]	The following tables present information on loans, excluding PCI loans and loans evaluated collectively as a homogeneous group that were considered to be impaired as of June 30, 2018 and December 31, 2017: Three months ended Six months ended As of June 30, 2018 June 30, 2018 June 30, 2018 Contractual Interest Income Interest Income Unpaid Average Recognized on Average Recognized on Recorded Principal Related Recorded Impaired Recorded Impaired Investment Balance Allowance Investment Loans Investment Loans (In thousands) With no related allowance recorded: Commercial and industrial $ 2,462 $ 3,835 $ - $ 3,031 $ 57 $ 2,447 $ 130 Construction 375 481 - 377 1 380 2 Commercial real estate 5,571 6,774 - 5,226 94 4,999 155 Loans to individuals & overdrafts - - - - - - - Multi-family residential 225 225 - 228 3 230 6 1-to-4 family residential 693 1,066 - 806 (16 ) 989 25 HELOC 577 965 - 870 12 800 31 Subtotal: 9,903 13,346 - 10,538 151 9,845 349 With an allowance recorded: Commercial and industrial 140 140 47 141 1 141 1 Construction 26 26 14 26 - 13 - Commercial real estate - - - - - - - Loans to individuals & overdrafts 4 4 4 2 - 2 - Multi-family residential - - - - - - - 1-to-4 family residential 148 155 12 149 2 175 7 HELOC 70 70 21 35 1 52 1 Subtotal: 388 395 98 353 4 383 9 Totals: Commercial 8,799 11,481 61 9,029 156 8,210 294 Consumer 4 4 4 2 - 2 - Residential 1,488 2,256 33 1,860 (1 ) 2,016 64 Grand Total: $ 10,291 $ 13,741 $ 98 $ 10,891 $ 155 $ 10,228 $ 358 Three months ended Six months ended As of December 31, 2017 June 30, 2017 June 30, 2017 Contractual Interest Income Interest Income Unpaid Average Recognized on Average Recognized on Recorded Principal Related Recorded Impaired Recorded Impaired Investment Balance Allowance Investment Loans Investment Loans (In thousands) With no related allowance recorded: Commercial and industrial $ 940 $ 1,234 $ - $ 1,077 $ 21 $ 1,119 $ 40 Construction 385 490 - 169 1 198 5 Commercial real estate 4,428 5,606 - 3,958 54 4,019 113 Loans to individuals & overdrafts 1 1 - - - - - Multi-family residential 234 234 - 48 - 197 - 1-to-4 family residential 1,077 1,209 - 1,022 20 1,111 33 HELOC 602 926 - 654 12 844 22 Subtotal: 7,667 9,700 - 6,928 108 7,488 213 With an allowance recorded: Commercial and industrial 142 142 50 - - 1 - Construction - - - - - - - Commercial real estate - - - 1,429 10 1,563 20 Loans to individuals & overdrafts - - - - - - - Multi-family residential - - - - - - - 1-to-4 family residential - - - 302 5 298 11 HELOC 202 202 11 16 - 33 - Subtotal: 344 344 61 1,747 15 1,895 31 Totals: Commercial 6,129 7,706 50 6,681 86 7,097 178 Consumer 1 1 - - - - - Residential 1,881 2,337 11 1,994 37 2,286 66 Grand Total: $ 8,011 $ 10,044 $ 61 $ 8,675 $ 123 $ 9,383 $ 244
Troubled Debt Restructurings on Financing Receivables [Table Text Block]	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 three and six months ended June 30, 2018 and 2017: Three months ended June 30, 2018 Six months ended June 30, 2018 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: 1-to-4 family residential 1 $ 408 $ 403 1 $ 408 $ 403 Commercial real estate 2 892 817 2 892 817 Commercial & industrial 2 533 510 6 1,579 1,555 Total 5 $ 1,833 $ 1,730 9 $ 2,879 $ 2,775 Three months ended June 30, 2017 Six months ended June 30, 2017 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: 1-to-4 family residential 1 $ 17 $ 17 1 $ 17 $ 17 Commercial & industrial 1 44 44 1 44 44 Total 2 $ 61 $ 61 2 $ 61 $ 61 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 period ended June 30, 2018 and 2017: Twelve months ended Twelve months ended June 30, 2018 June 30, 2017 Number Recorded Number Recorded of loans investment of loans investment (Dollars in thousands) Extended payment terms: Commercial & industrial 6 $ 1,544 2 $ 927 Commercial real estate 1 384 - - 1-to-4 family residential 2 470 1 77 Total 9 $ 2,398 3 $ 1,004
Financing Receivable Credit Quality Indicators [Table Text Block]	The following tables present information on risk ratings of the commercial and consumer loan portfolios, segregated by loan class as of June 30, 2018 and December 31, 2017, respectively: Total loans: June 30, 2018 Commercial Credit Exposure By Commercial Commercial Internally and real Multi-family Assigned Grade industrial Construction estate residential (dollars in thousands) Superior $ 1,347 $ - $ - $ - Very good 1,657 138 1,227 - Good 13,772 11,840 57,922 5,475 Acceptable 38,592 43,219 246,499 38,768 Acceptable with care 38,502 121,370 115,438 18,218 Special mention 2,413 757 4,365 316 Substandard 5,954 774 3,449 225 Doubtful - - - - Loss - - - - $ 102,237 $ 178,098 $ 428,900 $ 63,002 Consumer Credit Exposure By Internally 1-to-4 family Assigned Grade residential HELOC Pass $ 152,353 $ 49,918 Special mention 2,381 247 Substandard 3,719 984 $ 158,453 $ 51,149 Consumer Credit Exposure Based Loans to On Payment individuals & Activity overdrafts Pass $ 12,521 Non –pass 121 $ 12,642 Total Loans: December 31, 2017 Commercial Credit Exposure By Commercial Commercial Internally and real Multi-family Assigned Grade industrial Construction estate residential (dollars in thousands) Superior $ 1,207 $ - $ - $ - Very good 2,454 111 420 - Good 13,161 11,343 46,790 11,394 Acceptable 44,968 40,558 249,988 46,246 Acceptable with care 38,631 124,593 97,798 18,787 Special mention 3,172 583 3,771 322 Substandard 2,571 745 4,333 234 Doubtful - - - - Loss - - - - $ 106,164 $ 177,933 $ 403,100 $ 76,983 Consumer Credit Exposure By Internally 1-to-4 family Assigned Grade residential HELOC Pass $ 149,767 $ 51,326 Special mention 3,270 253 Substandard 3,864 1,027 $ 156,901 $ 52,606 Consumer Credit Exposure Based Loans to On Payment individuals & Activity overdrafts Pass $ 10,233 Non-pass 11 $ 10,244
Schedule Of Certain Loans Acquired In Transfer Accounted For As Debt Securities Accretable Yield [Table Text Block]	The following table documents changes to the amount of the accretable yield on PCI loans for the three and six months ended June 30, 2018 and 2017: Three Months Three Months Six Months Six Months Ended Ended Ended Ended June 30, June 30, June 30, June 30, 2018 2017 2018 2017 (dollars in thousands) Accretable yield, beginning of period $ 3,040 $ 2,465 $ 3,307 $ 2,626 Accretion (348 ) (260 ) (702 ) (520 ) Reclassification from (to) nonaccretable difference 78 72 63 79 Other changes, net 332 3 434 95 Accretable yield, end of period $ 3,102 $ 2,280 $ 3,102 $ 2,280
Allowance for Credit Losses on Financing Receivables [Table Text Block]	The following tables present a roll forward of the Company’s allowance for loan losses by loan class for the three and six month periods ended June 30, 2018, respectively: Three months ended June 30, 2018 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 (dollars in thousands) Loans – excluding PCI Balance, beginning of period $ 729 $ 1,686 $ 3,590 $ 1,275 $ 645 $ 125 $ 697 $ 8,747 Provision for loan losses 37 82 330 137 (16 ) 200 (109 ) 661 Loans charged-off - - - - (13 ) (13 ) - (26 ) Recoveries 15 - 6 9 2 8 - 40 Balance, end of period $ 781 $ 1,768 $ 3,926 $ 1,421 $ 618 $ 320 $ 588 $ 9,422 PCI Loans Balance, beginning of period $ 144 $ - $ 66 $ - $ - $ - $ - $ 210 Provision for loan losses (90 ) - (14 ) - - - - (104 ) Loans charged-off - - - - - - - - Recoveries - - - - - - - - Balance, end of period $ 54 $ - $ 52 $ - $ - $ - $ - $ 106 Total Loans Balance, beginning of period $ 873 $ 1,686 $ 3,656 $ 1,275 $ 645 $ 125 $ 697 $ 8,957 Provision for loan losses (53 ) 82 316 137 (16 ) 200 (109 ) 557 Loans charged-off - - - - (13 ) (13 ) - (26 ) Recoveries 15 - 6 9 2 8 - 40 Balance, end of period $ 835 $ 1,768 $ 3,978 $ 1,421 $ 618 $ 320 $ 588 $ 9,528 Ending Balance: individually evaluated for impairment $ 47 $ 14 $ - $ 12 $ 21 $ 4 $ - $ 98 Ending Balance: collectively evaluated for impairment $ 788 $ 1,754 $ 3,978 $ 1,409 $ 597 $ 316 $ 588 $ 9,430 Loans: Ending Balance: collectively evaluated for impairment non PCI loans $ 98,078 $ 176,956 $ 414,666 $ 149,664 $ 50,452 $ 12,576 $ 61,753 $ 964,145 Ending Balance: collectively evaluated for impairment PCI loans $ 1,557 $ 741 $ 8,663 $ 7,948 $ 50 $ 62 $ 1,024 $ 20,045 Ending Balance: individually evaluated for impairment $ 2,602 $ 401 $ 5,571 $ 841 $ 647 $ 4 $ 225 $ 10,291 Ending Balance $ 102,237 $ 178,098 $ 428,900 $ 158,453 $ 51,149 $ 12,642 $ 63,002 $ 994,481 Six months ended June 30, 2018 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 (dollars in thousands) Loans – excluding PCI Balance, beginning of period $ 742 $ 1,955 $ 3,304 $ 1,058 $ 549 $ 305 $ 791 $ 8,704 Provision for loan losses 27 (193 ) 612 345 109 26 (203 ) 723 Loans charged-off (9 ) - - - (48 ) (28 ) - (85 ) Recoveries 21 6 10 18 8 17 - 80 Balance, end of period $ 781 $ 1,768 $ 3,926 $ 1,421 $ 618 $ 320 $ 588 $ 9,422 PCI Loans Balance, beginning of period $ 65 $ - $ 66 $ - $ - $ - $ - $ 131 Provision for loan losses (11 ) - (14 ) - - - - (25 ) Loans charged-off - - - - - - - - Recoveries - - - - - - - - Balance, end of period $ 54 $ - $ 52 $ - $ - $ - $ - $ 106 Total Loans Balance, beginning of period $ 807 $ 1,955 $ 3,370 $ 1,058 $ 549 $ 305 $ 791 $ 8,835 Provision for loan losses 16 (193 ) 598 345 109 26 (203 ) 698 Loans charged-off (9 ) - - - (48 ) (28 ) - (85 ) Recoveries 21 6 10 18 8 17 - 80 Balance, end of period $ 835 $ 1,768 $ 3,978 $ 1,421 $ 618 $ 320 $ 588 $ 9,528 The following tables present a roll forward of the Company’s allowance for loan losses by loan class for the three and six month periods ended June 30, 2017, respectively: Three months ended June 30, 2017 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 (dollars in thousands) Loans – excluding PCI Balance, beginning of period $ 958 $ 1,177 $ 3,169 $ 770 $ 589 $ 465 $ 583 $ 7,711 Provision for loan losses (119 ) 111 1,110 143 (28 ) (294 ) 149 1,072 Loans charged-off (35 ) - (373 ) - - (34 ) - (442 ) Recoveries 91 4 7 10 2 5 - 119 Balance, end of period $ 895 $ 1,292 $ 3,913 $ 923 $ 563 $ 142 $ 732 $ 8,460 PCI Loans Balance, beginning of period $ 5 $ - $ 294 $ - $ 12 $ - $ - $ 311 Provision for loan losses (5 ) - 12 16 (12 ) - - 11 Loans charged-off - - (294 ) - - - - (294 ) Recoveries - - - - - - - - Balance, end of period $ - $ - $ 12 $ 16 $ - $ - $ - $ 28 Total Loans Balance, beginning of period $ 963 $ 1,177 $ 3,463 $ 770 $ 601 $ 465 $ 583 $ 8,022 Provision for loan losses (124 ) 111 1,122 159 (40 ) (294 ) 149 1,083 Loans charged-off (35 ) - (667 ) - - (34 ) - (736 ) Recoveries 91 4 7 10 2 5 - 119 Balance, end of period $ 895 $ 1,292 $ 3,925 $ 939 $ 563 $ 142 $ 732 $ 8,488 Ending Balance: individually evaluated for impairment $ - $ - $ 12 $ 16 $ - $ - $ - $ 28 Ending Balance: collectively evaluated for impairment $ 895 $ 1,292 $ 3,913 $ 923 $ 563 $ 142 $ 732 $ 8,460 Loans: Ending Balance: collectively evaluated for impairment non PCI loans $ 87,122 $ 125,207 $ 285,314 $ 95,242 $ 41,431 $ 10,315 $ 70,268 $ 714,899 Ending Balance: collectively evaluated for impairment PCI loans $ 31 $ 894 $ 7,788 $ 6,880 $ 193 $ 107 $ 750 $ 16,643 Ending Balance: individually evaluated for impairment $ 1,053 $ 164 $ 4,304 $ 1,522 $ 681 $ - $ 48 $ 7,772 Ending Balance $ 88,206 $ 126,265 $ 297,406 $ 103,644 $ 42,305 $ 10,422 $ 71,066 $ 739,31 4 Six months ended June 30, 2017 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 (dollars in thousands) Loans – excluding PCI Balance, beginning of period $ 1,211 $ 1,301 $ 3,448 $ 846 $ 611 $ 317 $ 628 $ 8,362 Provision for loan losses (466 ) (18 ) 1,081 58 (2 ) (139 ) 102 616 Loans charged-off (37 ) - (623 ) - (69 ) (50 ) - (779 ) Recoveries 187 9 7 19 23 14 2 261 Balance, end of period $ 895 $ 1,292 $ 3,913 $ 923 $ 563 $ 142 $ 732 $ 8,460 PCI Loans Balance, beginning of period $ 37 $ - $ - $ - $ 12 $ - $ - $ 49 Provision for loan losses (37 ) - 306 16 (12 ) - - 273 Loans charged-off - - (294 ) - - - - (294 ) Recoveries - - - - - - - - Balance, end of period $ - $ - $ 12 $ 16 $ - $ - $ - $ 28 Total Loans Balance, beginning of period $ 1,248 $ 1,301 $ 3,448 $ 846 $ 623 $ 317 $ 628 $ 8,411 Provision for loan losses (503 ) (18 ) 1,387 74 (14 ) (139 ) 102 889 Loans charged-off (37 ) - (917 ) - (69 ) (50 ) - (1,073 ) Recoveries 187 9 7 19 23 14 2 261 Balance, end of period $ 895 $ 1,292 $ 3,925 $ 939 $ 563 $ 142 $ 732 $ 8,488

REVENUE RECOGNITION (Tables)

REVENUE RECOGNITION (Tables)	6 Months Ended
	Jun. 30, 2018
Revenue from Contract with Customer [Abstract]
Disaggregation of Revenue [Table Text Block]	The following presents noninterest income, segregated by revenue streams in-scope and out-of-scope of Topic 606, for the three and six months ended June 30, 2018 and 2017. Three Months Three Months Six Months Six Months Ended Ended Ended Ended June 30, June 30, June 30, June 30, 2018 2017 2018 2017 (dollars in thousands) Service Charges on Deposit Accounts $ 245 $ 216 $ 521 $ 413 Other 364 343 771 609 Noninterest Income (in-scope of Topic 606) 609 559 1,292 1,040 Noninterest Income (out-of-scope of Topic 606) 617 219 1,099 468 Total Non-interest Income $ 1,226 $ 778 $ 2,391 $ 1,508

OTHER REAL ESTATE OWNED (Tables

OTHER REAL ESTATE OWNED (Tables)	6 Months Ended
	Jun. 30, 2018
Banking and Thrift [Abstract]
Schedule Of Real Estate Owned Properties [Table Text Block]	The following table explains changes in other real estate owned during the six months ended June 30, 2018 and 2017 (dollars in thousands): Six Months Six Months Ended June 30, Ended June 30, 2018 2017 (dollars in thousands) Beginning balance January 1 $ 1,258 $ 599 Sales (86 ) (384 ) Write-downs and gains/(losses) on sales (53 ) 61 Transfers 378 2,426 Ending balance $ 1,497 $ 2,702

BUSINESS COMBINATIONS (Tables)

BUSINESS COMBINATIONS (Tables)	6 Months Ended
	Jun. 30, 2018
Business Combinations [Abstract]
Business Acquisition, Pro Forma Information [Table Text Block]	The following tables reflect the pro forma total net interest income, noninterest income and net income for the six months ended June 30, 2017 as though the acquisition of Premara had taken place on January 1, 2017 and actual amounts for the six months ended June 30, 2018. The pro forma results have not been adjusted to remove non-recurring acquisition-related expenses, and are not necessarily indicative of the results of operations that would have occurred had the acquisition actually taken place on January 1, 2017, nor of future results of operations. Six Months Ended June 30 2018 2017 (dollars in thousands, except per share) Net interest income $ 23,633 $ 22,422 Non-interest income 2,391 2,358 Net income available to common shareholders 5,007 4,728 Earnings per share, basic $ 0.36 $ 0.34 Earnings per share, diluted $ 0.36 $ 0.34 Weighted average common shares outstanding, basic 14,015,511 13,992,390 Weighted average common shares outstanding, diluted 14,084,226 14,055,840

PER SHARE RESULTS (Details)

PER SHARE RESULTS (Details) - shares	3 Months Ended		6 Months Ended
	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2018	Jun. 30, 2017
Weighted average shares used for basic net income available to common shareholders	14,019,273	11,662,117	14,015,511	11,657,391
Effect of dilutive stock options	67,398	64,993	68,777	63,450
Weighted average shares used for diluted net income available to common shareholders	14,086,671	11,727,110	14,084,288	11,720,841

PER SHARE RESULTS (Details Text

PER SHARE RESULTS (Details Textual) - shares	6 Months Ended
	Jun. 30, 2018	Jun. 30, 2017
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount	121,300	23,300

RECENT ACCOUNTING PRONOUNCEME28

RECENT ACCOUNTING PRONOUNCEMENTS (Details Textual) - USD ($)	6 Months Ended	12 Months Ended
	Jun. 30, 2018	Dec. 31, 2019	Dec. 31, 2017
Effective Income Tax Rate Reconciliation, at Federal Statutory Income Tax Rate, Percent	35.00%
New Accounting Pronouncement or Change in Accounting Principle, Effect of Change on Net Income			$ 67,000
Scenario, Plan [Member]
Effective Income Tax Rate Reconciliation, at Federal Statutory Income Tax Rate, Percent		21.00%

FAIR VALUE MEASUREMENTS (Detail

FAIR VALUE MEASUREMENTS (Details) - Fair Value, Measurements, Recurring [Member] - USD ($) $ in Thousands	Jun. 30, 2018	Dec. 31, 2017
Assets, Fair Value Disclosure	$ 55,733	$ 63,774
U.S. government agencies [Member]
Assets, Fair Value Disclosure	11,259	13,364
Mortgage-backed securities [Member]
Assets, Fair Value Disclosure	24,778	29,684
Municipal Bonds [Member]
Assets, Fair Value Disclosure	17,904	18,838
Corporate Bond Securities [Member]
Assets, Fair Value Disclosure	1,792	1,888
Fair Value, Inputs, Level 1 [Member]
Assets, Fair Value Disclosure	0	0
Fair Value, Inputs, Level 1 [Member] | U.S. government agencies [Member]
Assets, Fair Value Disclosure	0	0
Fair Value, Inputs, Level 1 [Member] | Mortgage-backed securities [Member]
Assets, Fair Value Disclosure	0	0
Fair Value, Inputs, Level 1 [Member] | Municipal Bonds [Member]
Assets, Fair Value Disclosure	0	0
Fair Value, Inputs, Level 1 [Member] | Corporate Bond Securities [Member]
Assets, Fair Value Disclosure	0	0
Fair Value, Inputs, Level 2 [Member]
Assets, Fair Value Disclosure	55,733	63,774
Fair Value, Inputs, Level 2 [Member] | U.S. government agencies [Member]
Assets, Fair Value Disclosure	11,259	13,364
Fair Value, Inputs, Level 2 [Member] | Mortgage-backed securities [Member]
Assets, Fair Value Disclosure	24,778	29,684
Fair Value, Inputs, Level 2 [Member] | Municipal Bonds [Member]
Assets, Fair Value Disclosure	17,904	18,838
Fair Value, Inputs, Level 2 [Member] | Corporate Bond Securities [Member]
Assets, Fair Value Disclosure	1,792	1,888
Fair Value, Inputs, Level 3 [Member]
Assets, Fair Value Disclosure	0	0
Fair Value, Inputs, Level 3 [Member] | U.S. government agencies [Member]
Assets, Fair Value Disclosure	0	0
Fair Value, Inputs, Level 3 [Member] | Mortgage-backed securities [Member]
Assets, Fair Value Disclosure	0	0
Fair Value, Inputs, Level 3 [Member] | Municipal Bonds [Member]
Assets, Fair Value Disclosure	0	0
Fair Value, Inputs, Level 3 [Member] | Corporate Bond Securities [Member]
Assets, Fair Value Disclosure	$ 0	$ 0

FAIR VALUE MEASUREMENTS (Deta30

FAIR VALUE MEASUREMENTS (Details 1) - Fair Value, Measurements, Nonrecurring [Member] - USD ($) $ in Thousands	Jun. 30, 2018	Dec. 31, 2017
Assets, Fair Value Disclosure	$ 4,781	$ 3,101
Impaired Loans [Member]
Assets, Fair Value Disclosure	2,139	899
Loans held for sale [Member]
Assets, Fair Value Disclosure	349	98
Assets held for sale [Member]
Assets, Fair Value Disclosure	796	846
Foreclosed Real Estate [Member]
Assets, Fair Value Disclosure	1,497	1,258
Fair Value, Inputs, Level 1 [Member]
Assets, Fair Value Disclosure	0	0
Fair Value, Inputs, Level 1 [Member] | Impaired Loans [Member]
Assets, Fair Value Disclosure	0	0
Fair Value, Inputs, Level 1 [Member] | Loans held for sale [Member]
Assets, Fair Value Disclosure	0	0
Fair Value, Inputs, Level 1 [Member] | Assets held for sale [Member]
Assets, Fair Value Disclosure	0	0
Fair Value, Inputs, Level 1 [Member] | Foreclosed Real Estate [Member]
Assets, Fair Value Disclosure	0	0
Fair Value, Inputs, Level 2 [Member]
Assets, Fair Value Disclosure	349	98
Fair Value, Inputs, Level 2 [Member] | Impaired Loans [Member]
Assets, Fair Value Disclosure	0	0
Fair Value, Inputs, Level 2 [Member] | Loans held for sale [Member]
Assets, Fair Value Disclosure	349	98
Fair Value, Inputs, Level 2 [Member] | Assets held for sale [Member]
Assets, Fair Value Disclosure	0	0
Fair Value, Inputs, Level 2 [Member] | Foreclosed Real Estate [Member]
Assets, Fair Value Disclosure	0	0
Fair Value, Inputs, Level 3 [Member]
Assets, Fair Value Disclosure	4,432	3,003
Fair Value, Inputs, Level 3 [Member] | Impaired Loans [Member]
Assets, Fair Value Disclosure	2,139	899
Fair Value, Inputs, Level 3 [Member] | Loans held for sale [Member]
Assets, Fair Value Disclosure	0	0
Fair Value, Inputs, Level 3 [Member] | Assets held for sale [Member]
Assets, Fair Value Disclosure	796	846
Fair Value, Inputs, Level 3 [Member] | Foreclosed Real Estate [Member]
Assets, Fair Value Disclosure	$ 1,497	$ 1,258

FAIR VALUE MEASUREMENTS (Deta31

FAIR VALUE MEASUREMENTS (Details 2) - USD ($) $ in Thousands	Jun. 30, 2018	Dec. 31, 2017
Financial assets:
Cash and due from banks	$ 20,997	$ 16,554	[1]
Certificates of deposit	1,000	1,500
Interest-earning deposits in other banks	62,498	37,996
Federal funds sold	0	6,645	[1]
Investment securities available for sale	55,733	63,774
Loans held for sale	349	98	[1]
Loans, net	983,357	973,791
Accrued interest receivable	3,888	3,997	[1]
Stock in FHLB	3,882	2,490	[1]
Other non-marketable securities	876	1,019
Assets held for sale	796	846
Financial liabilities:
Deposits	993,484	995,044	[1]
Short-term debt	21,071	28,279	[1]
Long-term debt	57,372	19,372	[1]
Accrued interest payable	528	427	[1]
Estimate of Fair Value Measurement [Member]
Financial assets:
Cash and due from banks	20,997	16,554
Certificates of deposit	1,000	1,500
Interest-earning deposits in other banks	62,498	37,996
Federal funds sold		6,645
Investment securities available for sale	55,733	63,774
Loans held for sale	349	98
Loans, net	965,859	972,475
Accrued interest receivable	3,888	3,997
Stock in FHLB	3,882	2,490
Other non-marketable securities	876	1,019
Assets held for sale	796	846
Financial liabilities:
Deposits	993,467	991,977
Short-term debt	21,071	28,279
Long-term debt	54,862	14,640
Accrued interest payable	528	427
Fair Value, Inputs, Level 1 [Member]
Financial assets:
Cash and due from banks	20,997	16,554
Certificates of deposit	1,000	1,500
Interest-earning deposits in other banks	62,498	37,996
Federal funds sold		6,645
Investment securities available for sale	0	0
Loans held for sale		0
Loans, net	0	0
Accrued interest receivable	0	0
Stock in FHLB	0	0
Other non-marketable securities	0	0
Assets held for sale	0	0
Financial liabilities:
Deposits	0	0
Short-term debt	0	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
Certificates of deposit	0	0
Interest-earning deposits in other banks	0	0
Federal funds sold		0
Investment securities available for sale	55,733	63,774
Loans held for sale	349	98
Loans, net	0	0
Accrued interest receivable	3,888	3,997
Stock in FHLB	0	0
Other non-marketable securities	0	0
Assets held for sale	0	0
Financial liabilities:
Deposits	993,467	991,977
Short-term debt	21,071	28,279
Long-term debt	54,862	14,640
Accrued interest payable	528	427
Fair Value, Inputs, Level 3 [Member]
Financial assets:
Cash and due from banks	0	0
Certificates of deposit	0	0
Interest-earning deposits in other banks	0	0
Federal funds sold		0
Investment securities available for sale	0	0
Loans held for sale	0	0
Loans, net	965,859	972,475
Accrued interest receivable	0	0
Stock in FHLB	3,882	2,490
Other non-marketable securities	876	1,019
Assets held for sale	796	846
Financial liabilities:
Deposits	0	0
Short-term debt	0	0
Long-term debt	0	0
Accrued interest payable	$ 0	$ 0
[1]	Derived from audited consolidated financial statements.

FAIR VALUE MEASUREMENTS (Deta32

FAIR VALUE MEASUREMENTS (Details Textual)	Jun. 30, 2018
Minimum [Member]
Percentage Of Discount From Impaired Loans	3.00%
Percentage Of Discount From Assets held for sale	1.00%
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%
Percentage Of Discount From Assets held for sale	25.00%
Maximum [Member] | Fair Value, Measurements, Nonrecurring [Member]
Percentage Of Discount From Foreclosed Real Estate	10.00%

INVESTMENT SECURITIES (Details)

INVESTMENT SECURITIES (Details) - USD ($) $ in Thousands	Jun. 30, 2018	Dec. 31, 2017
Securities available for sale:
Amortized cost	$ 56,019	$ 63,253
Gross unrealized gains	259	660
Gross unrealized Losses	(545)	(139)
Fair value	55,733	63,774	[1]
U.S. government agencies - GSE's [Member]
Securities available for sale:
Amortized cost	11,384	13,241
Gross unrealized gains	19	148
Gross unrealized Losses	(144)	(25)
Fair value	11,259	13,364
Mortgage-backed securities - GSE's [Member]
Securities available for sale:
Amortized cost	25,069	29,571
Gross unrealized gains	81	213
Gross unrealized Losses	(372)	(100)
Fair value	24,778	29,684
Municipal bonds [Member]
Securities available for sale:
Amortized cost	17,790	18,583
Gross unrealized gains	135	255
Gross unrealized Losses	(21)	0
Fair value	17,904	18,838
Corporate Bonds [Member]
Securities available for sale:
Amortized cost	1,776	1,858
Gross unrealized gains	24	44
Gross unrealized Losses	(8)	(14)
Fair value	$ 1,792	$ 1,888
[1]	Derived from audited consolidated financial statements.

INVESTMENT SECURITIES (Details

INVESTMENT SECURITIES (Details 1) - USD ($) $ in Thousands	6 Months Ended	12 Months Ended
	Jun. 30, 2018	Dec. 31, 2017
Schedule of Available-for-sale Securities [Line Items]
Amortized cost, Due within one year	$ 2,337	$ 975
Fair value, Due within one year	2,358	980
Amortized cost, Due after one but within five years	37,703	45,418
Fair value, Due after one but within five years	37,355	45,699
Amortized cost, Due after five but within ten years	7,004	7,823
Fair value, Due after five but within ten years	6,991	7,890
Amortized cost, Due after ten years	8,975	9,037
Fair value, Due after ten years	9,029	9,205
Available-for-sale securities, Amortized cost Total	56,019	63,253
Available-for-sale securities, Fair value Total	55,733	63,774	[1]
Gross unrealized gains, Due within one year	21	5
Gross unrealized losses, Due within one year	0	0
Gross unrealized gains, Due after one but within five years	118	406
Gross unrealized losses, Due after one but within five years	(466)	(125)
Gross unrealized gains, Due after five but within ten years	47	81
Gross unrealized losses, Due after five but within ten years	(60)	(14)
Gross unrealized gains, Due after ten years	73	168
Gross unrealized losses, Due after ten years	(19)	0
Available-for-sale securities, Gross unrealized gain Total	259	660
Available-for-sale securities, Gross unrealized loss Total	$ (545)	$ (139)
[1]	Derived from audited consolidated financial statements.

INVESTMENT SECURITIES (Detail35

INVESTMENT SECURITIES (Details 2) - USD ($)	Jun. 30, 2018	Dec. 31, 2017
U.S. government agencies - GSE's [Member]
Securities available for sale:
Less Than 12 Months Fair value	$ 6,662,000	$ 1,651,000
Less Than 12 Months Unrealized losses	(97,000)	(9,000)
12 Months or More Fair value	1,265,000	1,415,000
12 Months or More Unrealized losses	(47,000)	(16,000)
Total Fair value	7,927,000	3,066,000
Total Unrealized losses	(144,000)	(25,000)
Mortgage-backed securities - GSE's [Member]
Securities available for sale:
Less Than 12 Months Fair value	17,693,000	8,137,000
Less Than 12 Months Unrealized losses	(310,000)	(55,000)
12 Months or More Fair value	2,425,000	2,449,000
12 Months or More Unrealized losses	(62,000)	(45,000)
Total Fair value	20,118,000	10,586,000
Total Unrealized losses	(372,000)	(100,000)
Corporate Bond Securities [Member]
Securities available for sale:
Less Than 12 Months Fair value	754,000	1,752,000
Less Than 12 Months Unrealized losses	(8,000)	(14,000)
12 Months or More Fair value	0	0
12 Months or More Unrealized losses	0	0
Total Fair value	754,000	1,752,000
Total Unrealized losses	(8,000)	(14,000)
Municipal bonds [Member]
Securities available for sale:
Less Than 12 Months Fair value	3,763,000	1,101,000
Less Than 12 Months Unrealized losses	(21,000)	0
12 Months or More Fair value	0	0
12 Months or More Unrealized losses	0	0
Total Fair value	3,763,000	1,101,000
Total Unrealized losses	(21,000)	0
Total temporarily impaired securities [Member]
Securities available for sale:
Less Than 12 Months Fair value	28,872,000	12,641,000
Less Than 12 Months Unrealized losses	(436,000)	(78,000)
12 Months or More Fair value	3,690,000	3,864,000
12 Months or More Unrealized losses	(109,000)	(61,000)
Total Fair value	32,562,000	16,505,000
Total Unrealized losses	$ (545,000)	$ (139,000)

INVESTMENT SECURITIES (Detail36

INVESTMENT SECURITIES (Details Textual) - USD ($)	6 Months Ended	12 Months Ended
	Jun. 30, 2018	Dec. 31, 2017
Schedule of Available-for-sale Securities [Line Items]
Available-for-sale Securities, Gross Unrealized Gain (Loss)	$ (286,000)	$ 521,000
Deferred Income Taxes and Other Liabilities, Noncurrent	66,000	123,000
US Government Securities, at Carrying Value	12,000,000	7,500,000
Temporarily Impaired Securities [Member]
Schedule of Available-for-sale Securities [Line Items]
Available-for-sale Securities, Continuous Unrealized Loss Position, 12 Months or Longer, Accumulated Loss	109,000	61,000
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than 12 Months, Accumulated Loss	$ 436,000	$ 78,000

LOANS (Details)

LOANS (Details) - USD ($) $ in Thousands	Jun. 30, 2018	Dec. 31, 2017		Jun. 30, 2017
Accounts, Notes, Loans and Financing Receivable [Line Items]
Gross loans	$ 994,481	$ 983,931
Less deferred loan origination fees, net	(1,596)	(1,305)		$ (1,305)
Total loans	992,885	982,626	[1]	739,314
Allowance for loan losses	(9,528)	(8,835)	[1]
Total loans, net	$ 983,357	$ 973,791	[1]
Less Percentage of deferred loan origination fees, net	(0.16%)	(0.13%)
Percent of total	100.00%	100.00%
1- to- 4 family residential Real estate loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans	$ 158,453	$ 156,901		103,644
Percent of total	15.96%	15.97%
Commercial Real Estates [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans	$ 428,900	$ 403,100
Percent of total	43.20%	41.02%
Multi-family residential Real estate loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans	$ 63,002	$ 76,983		71,066
Percent of total	6.34%	7.83%
Construction Real estate loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans	$ 178,098	$ 177,933		126,265
Percent of total	17.94%	18.11%
Home Equity Line of Credit [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans	$ 51,149	$ 52,606
Percent of total	5.15%	5.35%
Total real estate loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans	$ 879,602	$ 867,523
Percent of total	88.59%	88.28%
Commercial and industrial Other loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans	$ 102,237	$ 106,164		$ 88,206
Percent of total	10.30%	10.80%
Loans to individuals Other loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans	$ 12,551	$ 10,097
Percent of total	1.26%	1.04%
Overdrafts Other loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans	$ 91	$ 147
Percent of total	0.01%	0.01%
Total other loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans	$ 114,879	$ 116,408
Percent of total	11.57%	11.85%
[1]	Derived from audited consolidated financial statements.

LOANS (Details 1)

LOANS (Details 1) - USD ($) $ in Thousands	Jun. 30, 2018	Dec. 31, 2017
Contractually required payments	$ 27,355	$ 29,285
Nonaccretable difference	2,493	2,717
Cash flows expected to be collected	24,862	26,568
Accretable yield	3,102	3,307
Carrying value	$ 21,760	$ 23,261

LOANS (Details 2)

LOANS (Details 2) - USD ($) $ in Thousands	Jun. 30, 2018	Dec. 31, 2017		Jun. 30, 2017
Financing Receivable, Recorded Investment, Past Due [Line Items]
Non-Accrual Loans	$ 4,557	$ 2,115
Total Past Due	11,554	8,276
Current	982,927	975,655
Deferred loan (fees) cost, net	(1,596)	(1,305)		$ (1,305)
Total Loans	992,885	982,626	[1]	739,314
Financing Receivables, 30 to 59 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	5,103	4,685
Deferred loan (fees) cost, net	0
Financing Receivables, Equal to Greater than 90 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	1,894	1,476
Deferred loan (fees) cost, net	0
Total Loans [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Deferred loan (fees) cost, net	(1,596)	0
Total Loans [Member] | Financing Receivables, 30 to 59 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Deferred loan (fees) cost, net		0
Total Loans [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Deferred loan (fees) cost, net		0
Total Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Deferred loan (fees) cost, net	0	0
Current [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Deferred loan (fees) cost, net	0	0
Commercial and Industrial [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Non-Accrual Loans	2,289	96
Total Past Due	4,630	707
Current	97,607	105,457
Total Loans	102,237	106,164		88,206
Commercial and Industrial [Member] | Financing Receivables, 30 to 59 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	1,527	215
Commercial and Industrial [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	814	396
Commercial and Industrial [Member] | Total Loans [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Loans	102,237	106,164
Construction Loans Real Estate [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Non-Accrual Loans	401	384
Total Past Due	1,007	770
Current	177,091	177,163
Total Loans	178,098	177,933		126,265
Construction Loans Real Estate [Member] | Financing Receivables, 30 to 59 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	233	27
Construction Loans 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	373	359
Construction Loans Real Estate [Member] | Total Loans [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Loans	178,098	177,933
Multi Family Residential Real Estate [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Non-Accrual Loans	0	0
Total Past Due	0	30
Current	63,002	76,953
Total Loans	63,002	76,983		71,066
Multi Family Residential Real Estate [Member] | Financing Receivables, 30 to 59 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	0	30
Multi Family Residential 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	0	0
Multi Family Residential Real Estate [Member] | Total Loans [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Loans	63,002	76,983
Commercial Real Estate [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Non-Accrual Loans	986	528
Total Past Due	2,790	1,992
Current	426,110	401,108
Total Loans	428,900	403,100		297,406
Commercial Real Estate [Member] | Financing Receivables, 30 to 59 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	1,804	1,464
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	0	0
Commercial Real Estate [Member] | Total Loans [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Loans	428,900	403,100
Loans to Individuals and Overdrafts [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Non-Accrual Loans	4	7
Total Past Due	32	29
Current	12,610	10,215
Total Loans	12,642	10,244		10,422
Loans to Individuals and Overdrafts [Member] | Financing Receivables, 30 to 59 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	28	22
Loans to Individuals and 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 and Overdrafts [Member] | Total Loans [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Loans	12,642	10,244
Family Residential Real Estate 1 to 4 [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Non-Accrual Loans	355	771
Total Past Due	2,503	4,316
Current	155,950	152,585
Total Loans	158,453	156,901		103,644
Family Residential Real Estate 1 to 4 [Member] | Financing Receivables, 30 to 59 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	1,441	2,824
Family Residential Real Estate 1 to 4 [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	707	721
Family Residential Real Estate 1 to 4 [Member] | Total Loans [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Loans	158,453	156,901
Home Equity Line of Credit [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Non-Accrual Loans	522	329
Total Past Due	592	432
Current	50,557	52,174
Total Loans	51,149	52,606		$ 42,305
Home Equity Line of Credit [Member] | Financing Receivables, 30 to 59 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	70	103
Home Equity Line of Credit [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
Home Equity Line of Credit [Member] | Total Loans [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Loans	$ 51,149	$ 52,606
[1]	Derived from audited consolidated financial statements.

LOANS (Details 3)

LOANS (Details 3) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2018	Jun. 30, 2017	Dec. 31, 2017
Financing Receivable, Impaired [Line Items]
With no related allowance, Recorded Investment	$ 9,903	$ 7,667	$ 9,903	$ 7,667	$ 7,700
With no related allowance, Contractual Unpaid Principal Balance	13,346	9,700	13,346	9,700
With no related allowance, Average Recorded Investment	10,538	6,928	9,845	7,488
With no related allowance, Interest Income Recognized on Impaired Loans	151	108	349	213
With an related allowance, Recorded Investment	388	344	388	344
With an related allowance, Contractual Unpaid Principal Balance	395	344	395	344
Related Allowance	98	61	98	61
With an related allowance, Average Recorded Investment	353	1,747	383	1,895
With an related allowance, Interest Income Recognized on Impaired Loans	4	15	9	31
Recorded Investment Total	10,291		10,291		8,011
Contractual Unpaid Principal Balance Total	13,741		13,741		10,044
Average Recorded Investment Total	10,891	8,675	10,228	9,383
Interest Income Recognized on impaired Loans Total	155	123	358	244
Residential Real Estate [Member]
Financing Receivable, Impaired [Line Items]
Related Allowance	33		33		11
Recorded Investment Total	1,488		1,488		1,881
Contractual Unpaid Principal Balance Total	2,256		2,256		2,337
Average Recorded Investment Total	1,860	1,994	2,016	2,286
Interest Income Recognized on impaired Loans Total	(1)	37	64	66
Commercial Loan [Member]
Financing Receivable, Impaired [Line Items]
Related Allowance	61		61		50
Recorded Investment Total	8,799		8,799		6,129
Contractual Unpaid Principal Balance Total	11,481		11,481		7,706
Average Recorded Investment Total	9,029	6,681	8,210	7,097
Interest Income Recognized on impaired Loans Total	156	86	294	178
Consumer Loan [Member]
Financing Receivable, Impaired [Line Items]
Related Allowance	4		4		0
Recorded Investment Total	4		4		1
Contractual Unpaid Principal Balance Total	4		4		$ 1
Average Recorded Investment Total	2	0	2	0
Interest Income Recognized on impaired Loans Total	0	0	0	0
Commercial and Industrial [Member]
Financing Receivable, Impaired [Line Items]
With no related allowance, Recorded Investment	2,462	940	2,462	940
With no related allowance, Contractual Unpaid Principal Balance	3,835	1,234	3,835	1,234
With no related allowance, Average Recorded Investment	3,031	1,077	2,447	1,119
With no related allowance, Interest Income Recognized on Impaired Loans	57	21	130	40
With an related allowance, Recorded Investment	140	142	140	142
With an related allowance, Contractual Unpaid Principal Balance	140	142	140	142
Related Allowance	47	50	47	50
With an related allowance, Average Recorded Investment	141	0	141	1
With an related allowance, Interest Income Recognized on Impaired Loans	1	0	1	0
Construction Loans Real Estate [Member]
Financing Receivable, Impaired [Line Items]
With no related allowance, Recorded Investment	375	385	375	385
With no related allowance, Contractual Unpaid Principal Balance	481	490	481	490
With no related allowance, Average Recorded Investment	377	169	380	198
With no related allowance, Interest Income Recognized on Impaired Loans	1	1	2	5
With an related allowance, Recorded Investment	26	0	26	0
With an related allowance, Contractual Unpaid Principal Balance	26	0	26	0
Related Allowance	14	0	14	0
With an related allowance, Average Recorded Investment	26	0	13	0
With an related allowance, Interest Income Recognized on Impaired Loans	0	0	0	0
Commercial Real Estate [Member]
Financing Receivable, Impaired [Line Items]
With no related allowance, Recorded Investment	5,571	4,428	5,571	4,428
With no related allowance, Contractual Unpaid Principal Balance	6,774	5,606	6,774	5,606
With no related allowance, Average Recorded Investment	5,226	3,958	4,999	4,019
With no related allowance, Interest Income Recognized on Impaired Loans	94	54	155	113
With an related allowance, Recorded Investment	0	0	0	0
With an related allowance, Contractual Unpaid Principal Balance	0	0	0	0
Related Allowance	0	0	0	0
With an related allowance, Average Recorded Investment	0	1,429	0	1,563
With an related allowance, Interest Income Recognized on Impaired Loans	0	10	0	20
Loans to Individuals and Overdrafts [Member]
Financing Receivable, Impaired [Line Items]
With no related allowance, Recorded Investment	0	1	0	1
With no related allowance, Contractual Unpaid Principal Balance	0	1	0	1
With no related allowance, Average Recorded Investment	0	0	0	0
With no related allowance, Interest Income Recognized on Impaired Loans	0	0	0	0
With an related allowance, Recorded Investment	4	0	4	0
With an related allowance, Contractual Unpaid Principal Balance	4	0	4	0
Related Allowance	4	0	4	0
With an related allowance, Average Recorded Investment	2	0	2	0
With an related allowance, Interest Income Recognized on Impaired Loans	0	0	0	0
Multi Family Residential Real Estate [Member]
Financing Receivable, Impaired [Line Items]
With no related allowance, Recorded Investment	225	234	225	234
With no related allowance, Contractual Unpaid Principal Balance	225	234	225	234
With no related allowance, Average Recorded Investment	228	48	230	197
With no related allowance, Interest Income Recognized on Impaired Loans	3	0	6	0
With an related allowance, Recorded Investment	0	0	0	0
With an related allowance, Contractual Unpaid Principal Balance	0	0	0	0
Related Allowance	0	0	0	0
With an related allowance, Average Recorded Investment	0	0	0	0
With an related allowance, Interest Income Recognized on Impaired Loans	0	0	0	0
Home Equity Line of Credit [Member]
Financing Receivable, Impaired [Line Items]
With no related allowance, Recorded Investment	577	602	577	602
With no related allowance, Contractual Unpaid Principal Balance	965	926	965	926
With no related allowance, Average Recorded Investment	870	654	800	844
With no related allowance, Interest Income Recognized on Impaired Loans	12	12	31	22
With an related allowance, Recorded Investment	70	202	70	202
With an related allowance, Contractual Unpaid Principal Balance	70	202	70	202
Related Allowance	21	11	21	11
With an related allowance, Average Recorded Investment	35	16	52	33
With an related allowance, Interest Income Recognized on Impaired Loans	1	0	1	0
Family Residential Real Estate 1 to 4 [Member]
Financing Receivable, Impaired [Line Items]
With no related allowance, Recorded Investment	693	1,077	693	1,077
With no related allowance, Contractual Unpaid Principal Balance	1,066	1,209	1,066	1,209
With no related allowance, Average Recorded Investment	806	1,022	989	1,111
With no related allowance, Interest Income Recognized on Impaired Loans	(16)	20	25	33
With an related allowance, Recorded Investment	148	0	148	0
With an related allowance, Contractual Unpaid Principal Balance	155	0	155	0
Related Allowance	12	0	12	0
With an related allowance, Average Recorded Investment	149	302	175	298
With an related allowance, Interest Income Recognized on Impaired Loans	$ 2	$ 5	$ 7	$ 11

LOANS (Details 4)

LOANS (Details 4) $ in Thousands	3 Months Ended		6 Months Ended		12 Months Ended
	Jun. 30, 2018USD ($)	Jun. 30, 2017USD ($)	Jun. 30, 2018USD ($)	Jun. 30, 2017USD ($)	Jun. 30, 2018USD ($)	Jun. 30, 2017USD ($)
Financing Receivable, Modifications [Line Items]
Number of loans	5	2	9	2	9	3
Pre-Modification Outstanding Recorded Investment	$ 1,833	$ 61	$ 2,879	$ 61
Post-Modification Outstanding Recorded Investment	$ 1,730	$ 61	$ 2,775	$ 61
Recorded investment					$ 2,398	$ 1,004
Commercial and Industrial Other [Member]
Financing Receivable, Modifications [Line Items]
Number of loans	2	1	6	1	6	2
Pre-Modification Outstanding Recorded Investment	$ 533	$ 44	$ 1,579	$ 44
Post-Modification Outstanding Recorded Investment	$ 510	$ 44	$ 1,555	$ 44
Recorded investment					$ 1,544	$ 927
Commercial real estate [Member]
Financing Receivable, Modifications [Line Items]
Number of loans	2		2		1	0
Pre-Modification Outstanding Recorded Investment	$ 892		$ 892
Post-Modification Outstanding Recorded Investment	$ 817		$ 817
Recorded investment					$ 384	$ 0
Residential 1 to 4 Family Other [Member]
Financing Receivable, Modifications [Line Items]
Number of loans	1	1	1	1	2	1
Pre-Modification Outstanding Recorded Investment	$ 408	$ 17	$ 408	$ 17
Post-Modification Outstanding Recorded Investment	$ 403	$ 17	$ 403	$ 17
Recorded investment					$ 470	$ 77

LOANS (Details 5)

LOANS (Details 5) - USD ($) $ in Thousands	Jun. 30, 2018	Dec. 31, 2017		Jun. 30, 2017
Financing Receivable, Recorded Investment [Line Items]
Loans	$ 992,885	$ 982,626	[1]	$ 739,314
Commercial and Industrial [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans	102,237	106,164		88,206
Commercial and Industrial [Member] | Superior [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans	1,347	1,207
Commercial and Industrial [Member] | Very Good [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans	1,657	2,454
Commercial and Industrial [Member] | Good [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans	13,772	13,161
Commercial and Industrial [Member] | Acceptable [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans	38,592	44,968
Commercial and Industrial [Member] | Acceptable With Care [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans	38,502	38,631
Commercial and Industrial [Member] | Special Mention [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans	2,413	3,172
Commercial and Industrial [Member] | Substandard [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans	5,954	2,571
Commercial and Industrial [Member] | Doubtful [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans	0	0
Commercial and Industrial [Member] | Loss [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans	0	0
Construction [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans	178,098	177,933
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	138	111
Construction [Member] | Good [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans	11,840	11,343
Construction [Member] | Acceptable [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans	43,219	40,558
Construction [Member] | Acceptable With Care [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans	121,370	124,593
Construction [Member] | Special Mention [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans	757	583
Construction [Member] | Substandard [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans	774	745
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	428,900	403,100		297,406
Commercial Real Estate [Member] | Superior [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans	0	0
Commercial Real Estate [Member] | Very Good [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans	1,227	420
Commercial Real Estate [Member] | Good [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans	57,922	46,790
Commercial Real Estate [Member] | Acceptable [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans	246,499	249,988
Commercial Real Estate [Member] | Acceptable With Care [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans	115,438	97,798
Commercial Real Estate [Member] | Special Mention [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans	4,365	3,771
Commercial Real Estate [Member] | Substandard [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans	3,449	4,333
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 Real Estate [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans	63,002	76,983		71,066
Multi Family Residential Real Estate [Member] | Superior [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans	0	0
Multi Family Residential Real Estate [Member] | Very Good [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans	0	0
Multi Family Residential Real Estate [Member] | Good [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans	5,475	11,394
Multi Family Residential Real Estate [Member] | Acceptable [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans	38,768	46,246
Multi Family Residential Real Estate [Member] | Acceptable With Care [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans	18,218	18,787
Multi Family Residential Real Estate [Member] | Special Mention [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans	316	322
Multi Family Residential Real Estate [Member] | Substandard [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans	225	234
Multi Family Residential Real Estate [Member] | Doubtful [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans	0	0
Multi Family Residential Real Estate [Member] | Loss [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans	0	0
Family Residential Real Estate 1 to 4 [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans	158,453	156,901		103,644
Family Residential Real Estate 1 to 4 [Member] | Pass [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans	152,353	149,767
Family Residential Real Estate 1 to 4 [Member] | Special Mention [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans	2,381	3,270
Family Residential Real Estate 1 to 4 [Member] | Substandard [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans	3,719	3,864
Home Equity Line Of Credit [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans	51,149	52,606		42,305
Home Equity Line Of Credit [Member] | Pass [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans	49,918	51,326
Home Equity Line Of Credit [Member] | Special Mention [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans	247	253
Home Equity Line Of Credit [Member] | Substandard [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans	984	1,027
Loans to Individuals and Overdrafts [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans	12,642	10,244		$ 10,422
Loans to Individuals and Overdrafts [Member] | Pass [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans	12,521	10,233
Loans to Individuals and Overdrafts [Member] | Non-Pass [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans	$ 121	$ 11
[1]	Derived from audited consolidated financial statements.

LOANS (Details 6)

LOANS (Details 6) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2018	Jun. 30, 2017
Schedule Of Certain Loans Acquired In Transfer Accounted For As Debt Securities Accretable Yield [Line Items]
Accretable yield, beginning of period	$ 3,040	$ 2,465	$ 3,307	$ 2,626
Accretion	(348)	(260)	(702)	(520)
Reclassification from (to) nonaccretable difference	78	72	63	79
Other changes, net	332	3	434	95
Accretable yield, end of period	$ 3,102	$ 2,280	$ 3,102	$ 2,280

LOANS (Details 7)

LOANS (Details 7) - USD ($) $ in Thousands		3 Months Ended		6 Months Ended
		Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2018	Jun. 30, 2017	Dec. 31, 2017
Financing Receivable, Allowance for Credit Losses [Line Items]
Allowance for loan losses, Balance, beginning of period	[1]			$ 8,835
Allowance for loan losses, Balance, end of period		$ 9,528		9,528
Ending Balance: individually evaluated for impairment		98	$ 28	98	$ 28
Ending Balance: collectively evaluated for impairment		9,430	8,460	9,430	8,460
Loans
Ending balance: individually evaluated for impairment		10,291	7,772	10,291	7,772
Ending balance		992,885	739,314	992,885	739,314	$ 982,626	[1]
Excluding Purchase Credit Impairment Loans [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Allowance for loan losses, Balance, beginning of period		8,747	7,711	8,704	8,362
Provision for (recovery of) loan losses		661	1,072	723	616
Loans charged-off		(26)	(442)	(85)	(779)
Recoveries		40	119	80	261
Allowance for loan losses, Balance, end of period		9,422	8,460	9,422	8,460
Loans
Ending balance: collectively evaluated for impairment		964,145	714,899	964,145	714,899
Purchase Credit Impairment Loans [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Allowance for loan losses, Balance, beginning of period		210	311	131	49
Provision for (recovery of) loan losses		(104)	11	(25)	273
Loans charged-off		0	(294)	0	(294)
Recoveries		0	0	0	0
Allowance for loan losses, Balance, end of period		106	28	106	28
Loans
Ending balance: collectively evaluated for impairment		20,045	16,643	20,045	16,643
Total Loans [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Allowance for loan losses, Balance, beginning of period		8,957	8,022	8,835	8,411
Provision for (recovery of) loan losses		557	1,083	698	889
Loans charged-off		(26)	(736)	(85)	(1,073)
Recoveries		40	119	80	261
Allowance for loan losses, Balance, end of period		9,528	8,488	9,528	8,488
Commercial and Industrial [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Ending Balance: individually evaluated for impairment		47	0	47	0
Ending Balance: collectively evaluated for impairment		788	895	788	895
Loans
Ending balance: individually evaluated for impairment		2,602	1,053	2,602	1,053
Ending balance		102,237	88,206	102,237	88,206	106,164
Commercial and Industrial [Member] | Excluding Purchase Credit Impairment Loans [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Allowance for loan losses, Balance, beginning of period		729	958	742	1,211
Provision for (recovery of) loan losses		37	(119)	27	(466)
Loans charged-off		0	(35)	(9)	(37)
Recoveries		15	91	21	187
Allowance for loan losses, Balance, end of period		781	895	781	895
Loans
Ending balance: collectively evaluated for impairment		98,078	87,122	98,078	87,122
Commercial and Industrial [Member] | Purchase Credit Impairment Loans [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Allowance for loan losses, Balance, beginning of period		144	5	65	37
Provision for (recovery of) loan losses		(90)	(5)	(11)	(37)
Loans charged-off		0	0	0	0
Recoveries		0	0	0	0
Allowance for loan losses, Balance, end of period		54	0	54	0
Loans
Ending balance: collectively evaluated for impairment		1,557	31	1,557	31
Commercial and Industrial [Member] | Total Loans [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Allowance for loan losses, Balance, beginning of period		873	963	807	1,248
Provision for (recovery of) loan losses		(53)	(124)	16	(503)
Loans charged-off		0	(35)	(9)	(37)
Recoveries		15	91	21	187
Allowance for loan losses, Balance, end of period		835	895	835	895
Loans
Ending balance		102,237		102,237		106,164
Construction Loans Real Estate [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Ending Balance: individually evaluated for impairment		14	0	14	0
Ending Balance: collectively evaluated for impairment		1,754	1,292	1,754	1,292
Loans
Ending balance: individually evaluated for impairment		401	164	401	164
Ending balance		178,098	126,265	178,098	126,265	177,933
Construction Loans 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		1,686	1,177	1,955	1,301
Provision for (recovery of) loan losses		82	111	(193)	(18)
Loans charged-off		0	0	0	0
Recoveries		0	4	6	9
Allowance for loan losses, Balance, end of period		1,768	1,292	1,768	1,292
Loans
Ending balance: collectively evaluated for impairment		176,956	125,207	176,956	125,207
Construction Loans Real Estate [Member] | Purchase Credit Impairment Loans [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Allowance for loan losses, Balance, beginning of period		0	0	0	0
Provision for (recovery of) loan losses		0	0	0	0
Loans charged-off		0	0	0	0
Recoveries		0	0	0	0
Allowance for loan losses, Balance, end of period		0	0	0	0
Loans
Ending balance: collectively evaluated for impairment		741	894	741	894
Construction Loans Real Estate [Member] | Total Loans [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Allowance for loan losses, Balance, beginning of period		1,686	1,177	1,955	1,301
Provision for (recovery of) loan losses		82	111	(193)	(18)
Loans charged-off		0	0	0	0
Recoveries		0	4	6	9
Allowance for loan losses, Balance, end of period		1,768	1,292	1,768	1,292
Loans
Ending balance		178,098		178,098		177,933
Commercial Real Estate [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Ending Balance: individually evaluated for impairment		0	12	0	12
Ending Balance: collectively evaluated for impairment		3,978	3,913	3,978	3,913
Loans
Ending balance: individually evaluated for impairment		5,571	4,304	5,571	4,304
Ending balance		428,900	297,406	428,900	297,406	403,100
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		3,590	3,169	3,304	3,448
Provision for (recovery of) loan losses		330	1,110	612	1,081
Loans charged-off		0	(373)	0	(623)
Recoveries		6	7	10	7
Allowance for loan losses, Balance, end of period		3,926	3,913	3,926	3,913
Loans
Ending balance: collectively evaluated for impairment		414,666	285,314	414,666	285,314
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		66	294	66	0
Provision for (recovery of) loan losses		(14)	12	(14)	306
Loans charged-off		0	(294)	0	(294)
Recoveries		0	0	0	0
Allowance for loan losses, Balance, end of period		52	12	52	12
Loans
Ending balance: collectively evaluated for impairment		8,663	7,788	8,663	7,788
Commercial Real Estate [Member] | Total Loans [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Allowance for loan losses, Balance, beginning of period		3,656	3,463	3,370	3,448
Provision for (recovery of) loan losses		316	1,122	598	1,387
Loans charged-off		0	(667)	0	(917)
Recoveries		6	7	10	7
Allowance for loan losses, Balance, end of period		3,978	3,925	3,978	3,925
Loans
Ending balance		428,900		428,900		403,100
Family Residential Real Estate 1 to 4 [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Ending Balance: individually evaluated for impairment		12	16	12	16
Ending Balance: collectively evaluated for impairment		1,409	923	1,409	923
Loans
Ending balance: individually evaluated for impairment		841	1,522	841	1,522
Ending balance		158,453	103,644	158,453	103,644	156,901
Family Residential Real Estate 1 to 4 [Member] | Excluding Purchase Credit Impairment Loans [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Allowance for loan losses, Balance, beginning of period		1,275	770	1,058	846
Provision for (recovery of) loan losses		137	143	345	58
Loans charged-off		0	0	0	0
Recoveries		9	10	18	19
Allowance for loan losses, Balance, end of period		1,421	923	1,421	923
Loans
Ending balance: collectively evaluated for impairment		149,664	95,242	149,664	95,242
Family Residential Real Estate 1 to 4 [Member] | Purchase Credit Impairment Loans [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Allowance for loan losses, Balance, beginning of period		0	0	0	0
Provision for (recovery of) loan losses		0	16	0	16
Loans charged-off		0	0	0	0
Recoveries		0	0	0	0
Allowance for loan losses, Balance, end of period		0	16	0	16
Loans
Ending balance: collectively evaluated for impairment		7,948	6,880	7,948	6,880
Family Residential Real Estate 1 to 4 [Member] | Total Loans [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Allowance for loan losses, Balance, beginning of period		1,275	770	1,058	846
Provision for (recovery of) loan losses		137	159	345	74
Loans charged-off		0	0	0	0
Recoveries		9	10	18	19
Allowance for loan losses, Balance, end of period		1,421	939	1,421	939
Loans
Ending balance		158,453		158,453		156,901
Home Equity Line of Credit [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Ending Balance: individually evaluated for impairment		21	0	21	0
Ending Balance: collectively evaluated for impairment		597	563	597	563
Loans
Ending balance: individually evaluated for impairment		647	681	647	681
Ending balance		51,149	42,305	51,149	42,305	52,606
Home Equity Line of Credit [Member] | Excluding Purchase Credit Impairment Loans [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Allowance for loan losses, Balance, beginning of period		645	589	549	611
Provision for (recovery of) loan losses		(16)	(28)	109	(2)
Loans charged-off		(13)	0	(48)	(69)
Recoveries		2	2	8	23
Allowance for loan losses, Balance, end of period		618	563	618	563
Loans
Ending balance: collectively evaluated for impairment		50,452	41,431	50,452	41,431
Home Equity Line of Credit [Member] | Purchase Credit Impairment Loans [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Allowance for loan losses, Balance, beginning of period		0	12	0	12
Provision for (recovery of) loan losses		0	(12)	0	(12)
Loans charged-off		0	0	0	0
Recoveries		0	0	0	0
Allowance for loan losses, Balance, end of period		0	0	0	0
Loans
Ending balance: collectively evaluated for impairment		50	193	50	193
Home Equity Line of Credit [Member] | Total Loans [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Allowance for loan losses, Balance, beginning of period		645	601	549	623
Provision for (recovery of) loan losses		(16)	(40)	109	(14)
Loans charged-off		(13)	0	(48)	(69)
Recoveries		2	2	8	23
Allowance for loan losses, Balance, end of period		618	563	618	563
Loans
Ending balance		51,149		51,149		52,606
Loans to Individuals and Overdrafts [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Ending Balance: individually evaluated for impairment		4	0	4	0
Ending Balance: collectively evaluated for impairment		316	142	316	142
Loans
Ending balance: individually evaluated for impairment		4	0	4	0
Ending balance		12,642	10,422	12,642	10,422	10,244
Loans to Individuals and Overdrafts [Member] | Excluding Purchase Credit Impairment Loans [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Allowance for loan losses, Balance, beginning of period		125	465	305	317
Provision for (recovery of) loan losses		200	(294)	26	(139)
Loans charged-off		(13)	(34)	(28)	(50)
Recoveries		8	5	17	14
Allowance for loan losses, Balance, end of period		320	142	320	142
Loans
Ending balance: collectively evaluated for impairment		12,576	10,315	12,576	10,315
Loans to Individuals and 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	0	0
Provision for (recovery of) loan losses		0	0	0	0
Loans charged-off		0	0	0	0
Recoveries		0	0	0	0
Allowance for loan losses, Balance, end of period		0	0	0	0
Loans
Ending balance: collectively evaluated for impairment		62	107	62	107
Loans to Individuals and Overdrafts [Member] | Total Loans [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Allowance for loan losses, Balance, beginning of period		125	465	305	317
Provision for (recovery of) loan losses		200	(294)	26	(139)
Loans charged-off		(13)	(34)	(28)	(50)
Recoveries		8	5	17	14
Allowance for loan losses, Balance, end of period		320	142	320	142
Loans
Ending balance		12,642		12,642		10,244
Multi Family Residential Real Estate [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Ending Balance: individually evaluated for impairment		0	0	0	0
Ending Balance: collectively evaluated for impairment		588	732	588	732
Loans
Ending balance: individually evaluated for impairment		225	48	225	48
Ending balance		63,002	71,066	63,002	71,066	76,983
Multi Family Residential 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		697	583	791	628
Provision for (recovery of) loan losses		(109)	149	(203)	102
Loans charged-off		0	0	0	0
Recoveries		0	0	0	2
Allowance for loan losses, Balance, end of period		588	732	588	732
Loans
Ending balance: collectively evaluated for impairment		61,753	70,268	61,753	70,268
Multi Family Residential Real Estate [Member] | Purchase Credit Impairment Loans [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Allowance for loan losses, Balance, beginning of period		0	0	0	0
Provision for (recovery of) loan losses		0	0	0	0
Loans charged-off		0	0	0	0
Recoveries		0	0	0	0
Allowance for loan losses, Balance, end of period		0	0	0	0
Loans
Ending balance: collectively evaluated for impairment		1,024	750	1,024	750
Multi Family Residential Real Estate [Member] | Total Loans [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Allowance for loan losses, Balance, beginning of period		697	583	791	628
Provision for (recovery of) loan losses		(109)	149	(203)	102
Loans charged-off		0	0	0	0
Recoveries		0	0	0	2
Allowance for loan losses, Balance, end of period		588	$ 732	588	$ 732
Loans
Ending balance		$ 63,002		$ 63,002		$ 76,983
[1]	Derived from audited consolidated financial statements.

LOANS (Details Textual)

LOANS (Details Textual) - USD ($)	6 Months Ended	12 Months Ended
	Jun. 30, 2018	Dec. 31, 2017	Jun. 30, 2017
Financing Receivable, Allowance for Credit Losses [Line Items]
Impaired Financing Receivable, Recorded Investment	$ 10,291,000	$ 8,011,000
Impaired Loans Required for Specific Reserves	388,000	344,000
With no related allowance, Recorded Investment	9,903,000	7,700,000	$ 7,667,000
Allowance for Loan and Lease Losses Write-offs, Net	642,000	2,000,000
Aggregate Impaired Loans Required For Specific Reserves		61,000
Federal Home Loan Bank, Advances, General Debt Obligations, Disclosures, Collateral Pledged	138,000,000
Nonaccrual Impaired Loans [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Impaired Financing Receivable, Recorded Investment	4,600,000	2,100,000
Accrual Impaired Loans [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Impaired Financing Receivable, Recorded Investment	5,700,000	$ 5,900,000
Troubled Debt Restructurings [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Impaired Financing Receivable, Recorded Investment	8,300,000		4,700,000
Troubled Debt Restructuring Accrual Status [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Impaired Financing Receivable, Recorded Investment	5,600,000		3,200,000
Troubled Debt Restructuring Nonaccrual Status [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Impaired Financing Receivable, Recorded Investment	2,700,000		$ 1,500,000
Unused Lines of Credit [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Line of Credit Facility, Maximum Amount Outstanding During Period	$ 172,900,000

REVENUE RECOGNITION (Details)

REVENUE RECOGNITION (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2018	Jun. 30, 2017
Disaggregation of Revenue [Line Items]
Noninterest Income, Total	$ 1,226	$ 778	$ 2,391	$ 1,508
Service Charges on Deposit Accounts [Member]
Disaggregation of Revenue [Line Items]
Noninterest Income, Total	245	216	521	413
Other [Member]
Disaggregation of Revenue [Line Items]
Noninterest Income, Total	364	343	771	609
Noninterest Income (in-scope of Topic 606) [Member]
Disaggregation of Revenue [Line Items]
Noninterest Income, Total	609	559	1,292	1,040
Noninterest Income (out-of-scope of Topic 606) [Member]
Disaggregation of Revenue [Line Items]
Noninterest Income, Total	$ 617	$ 219	$ 1,099	$ 468

OTHER REAL ESTATE OWNED (Detail

OTHER REAL ESTATE OWNED (Details) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2018		Jun. 30, 2017
Schedule Of Real Estate Owned Properties [Line Items]
Beginning balance January 1	$ 1,258	[1]	$ 599
Sales	(86)		(384)
Write-downs and gains/(losses) on sales	(53)		61
Transfers	378		2,426
Ending balance	$ 1,497		$ 2,702
[1]	Derived from audited consolidated financial statements.

OTHER REAL ESTATE OWNED (Deta48

OTHER REAL ESTATE OWNED (Details Textual) - USD ($)	Jun. 30, 2018	Dec. 31, 2017	[1]	Jun. 30, 2017	Dec. 31, 2016
Schedule Of Real Estate Owned Properties [Line Items]
Real Estate Acquired Through Foreclosure	$ 1,497,000	$ 1,258,000		$ 2,702,000	$ 599,000
Mortgage Loans in Process of Foreclosure, Amount	$ 135,000
[1]	Derived from audited consolidated financial statements.

BUSINESS COMBINATIONS (Details)

BUSINESS COMBINATIONS (Details) - USD ($) $ / shares in Units, $ in Thousands	6 Months Ended
	Jun. 30, 2018	Jun. 30, 2017
Business Acquisition [Line Items]
Net interest income	$ 23,633	$ 22,422
Non-interest income	2,391	2,358
Net income available to common shareholders	$ 5,007	$ 4,728
Earnings per share, basic	$ 0.36	$ 0.34
Earnings per share, diluted	$ 0.36	$ 0.34
Weighted average common shares outstanding, basic	14,015,511	13,992,390
Weighted average common shares outstanding, diluted	14,084,226	14,055,840

BUSINESS COMBINATIONS (Details

BUSINESS COMBINATIONS (Details Textual) - USD ($)	1 Months Ended	6 Months Ended
	Jul. 20, 2017	Jun. 30, 2018	Dec. 15, 2017
Business Acquisition [Line Items]
Business Acquisition, Equity Interest Issued or Issuable, Number of Shares	948,080	1.0463
Business Acquisition, Share Price			$ 12.14
Class of Warrant or Right, Exercise Price of Warrants or Rights		$ 12.65
Payments to Acquire Businesses, Gross		$ 11,993,212
Business Combination, Consideration Transferred, Including Equity Interest in Acquiree Held Prior to Combination		2,231,728
Business Combination, Consideration Transferred		40,600,000
Goodwill, Period Increase (Decrease)		$ 325,000
Carolina Premier [Member]
Business Acquisition [Line Items]
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Assets, Total			$ 279,600,000
Common Stock [Member]
Business Acquisition [Line Items]
Stock Issued During Period, Shares, New Issues		2,334,999
Common Stock [Member] | Premara Financial, Inc [Member]
Business Acquisition [Line Items]
Business Acquisition, Equity Interest Issued or Issuable, Number of Shares	3,179,808
Business Acquisition, Percentage of Voting Interests Acquired	30.00%
Legacy Select [Member]
Business Acquisition [Line Items]
Business Combination, Acquisition Related Costs		$ 1,800,000