MVB Financial (MVBF) 10-K 8 Mar 18 2017 FY Annual report Financial data

Document and Entity Information

Document and Entity Information - USD ($)	12 Months Ended
	Dec. 31, 2017	Mar. 07, 2018	Jun. 30, 2017
Document and Entity Information [Abstract]
Entity Registrant Name	MVB FINANCIAL CORP
Entity Central Index Key	1,277,902
Current Fiscal Year End Date	--12-31
Entity Filer Category	Accelerated Filer
Document Type	10-K
Document Period End Date	Dec. 31, 2017
Document Fiscal Year Focus	2,017
Document Fiscal Period Focus	FY
Amendment Flag	false
Entity Common Stock, Shares Outstanding		10,528,627
Entity Well-known Seasoned Issuer	No
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Public Float			$ 121,710,032

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($) $ in Thousands	Dec. 31, 2017	Dec. 31, 2016
Cash and cash equivalents:
Cash and due from banks	$ 16,345	$ 14,846
Interest bearing balances with banks	3,960	2,494
Total cash and cash equivalents	20,305	17,340
Certificates of deposit with other banks	14,778	14,527
Investment Securities:
Securities available-for-sale	231,507	162,368
Loans held for sale	66,794	90,174
Loans receivable:	1,105,941	1,052,865
Less: Allowance for loan losses	(9,878)	(9,101)
Net Loans	1,096,063	1,043,764
Premises and equipment	26,686	25,081
Bank owned life insurance	32,666	22,970
Accrued interest receivable and other assets	27,023	24,100
Goodwill	18,480	18,480
TOTAL ASSETS	1,534,302	1,418,804
Deposits:
Noninterest bearing	125,963	115,692
Interest bearing	1,033,617	991,325
Total deposits	1,159,580	1,107,017
Accrued interest payable and other liabilities	16,434	16,557
Repurchase agreements	22,403	25,160
FHLB and other borrowings	152,169	90,921
Subordinated debt	33,524	33,524
Total liabilities	1,384,110	1,273,179
STOCKHOLDERS’ EQUITY
Preferred stock, par value $1,000; 20,000 authorized; 783 and 9,283 issued in 2017 and 2016, respectively (See Footnote 12)	7,834	16,334
Common stock, par value $1; 20,000,000 shares authorized; 10,495,704 issued and 10,444,627 shares outstanding in 2017; 10,047,621 shares issued and 9,996,544 shares outstanding in 2016	10,496	10,048
Additional paid-in capital	98,698	93,412
Retained earnings	37,236	31,192
Accumulated other comprehensive loss	(2,988)	(4,277)
Treasury Stock, 51,077 shares, at cost	(1,084)	(1,084)
Total stockholders’ equity	150,192	145,625
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY	$ 1,534,302	$ 1,418,804

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - USD ($)	Dec. 31, 2017	Dec. 31, 2016
Statement of Financial Position [Abstract]
Securities held-to-maturity	$ 0	$ 0
Preferred stock, par value (in dollars per share)	$ 1,000	$ 1,000
Preferred stock, shares authorized (in shares)	20,000	20,000
Preferred stock, shares issued (in shares)	783	9,283
Common stock, par value (in dollars per share)	$ 1	$ 1
Common stock, shares authorized (in shares)	20,000,000	20,000,000
Common stock, shares issued (in shares)	10,495,704	10,047,621
Common stock, shares outstanding (in shares)	10,444,627	9,996,544
Treasury stock, shares (in shares)	51,077	51,077

Consolidated Statements of Inco

Consolidated Statements of Income - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
INTEREST INCOME
Interest and fees on loans	$ 51,217	$ 50,018	$ 40,642
Interest on deposits with other banks	340	322	274
Interest on investment securities - taxable	2,658	1,366	958
Interest on tax exempt loans and securities	2,383	2,417	2,226
Total interest income	56,598	54,123	44,100
INTEREST EXPENSE
Interest on deposits	8,294	7,748	6,246
Interest on repurchase agreements	75	72	83
Interest on FHLB and other borrowings	1,690	1,086	692
Interest on subordinated debt	2,242	2,226	2,204
Total interest expense	12,301	11,132	9,225
NET INTEREST INCOME	44,297	42,991	34,875
Provision for loan losses	2,173	3,632	2,493
Net interest income after provision for loan losses	42,124	39,359	32,382
NONINTEREST INCOME
Service charges on deposit accounts	765	764	646
Income on bank owned life insurance	646	638	653
Visa debit card and interchange income	1,258	1,185	987
Mortgage fee income	37,149	35,673	29,472
Gain on sale of portfolio loans	538	1,042	1,413
Insurance and investment services income	563	420	338
Gain on sale of securities	731	1,082	130
Gain (loss) on derivatives	(2,722)	1,467	675
Commercial swap fee income	503	84	382
Other operating income	1,275	850	259
Total noninterest income	40,706	43,205	34,955
NONINTEREST EXPENSES
Salary and employee benefits	44,108	45,225	36,073
Occupancy expense	4,084	3,686	3,390
Equipment depreciation and maintenance	3,005	2,452	2,013
Data processing and communications	5,116	4,964	4,010
Mortgage processing	3,207	3,355	3,158
Marketing, contributions and sponsorships	1,179	1,253	1,352
Professional fees	3,143	2,720	3,232
Printing, postage and supplies	988	767	762
Insurance, tax and assessment expense	1,797	1,528	1,394
Travel, entertainment, dues and subscriptions	2,221	1,725	1,579
Other operating expenses	1,652	1,534	885
Total noninterest expense	70,500	69,209	57,848
Income from continuing operations, before income taxes	12,330	13,355	9,489
Income tax expense - continuing operations	4,755	4,378	2,886
Net Income from continuing operations	7,575	8,977	6,603
Income from discontinued operations, before income taxes	0	6,346	353
Income tax expense - discontinued operations	0	2,411	140
Net Income from discontinued operations	0	3,935	213
Net Income	7,575	12,912	6,816
Preferred dividends	498	1,128	575
Net Income available to common shareholders	$ 7,077	$ 11,784	$ 6,241
Earnings per share from continuing operations - basic (in dollars per share)	$ 0.69	$ 0.96	$ 0.75
Earnings per share from discontinued operations - basic (in dollars per share)	0	0.48	0.03
Earnings per common shareholder - basic (in dollars per share)	0.69	1.44	0.78
Earnings per share from continuing operations - diluted (in dollars per share)	0.68	0.92	0.74
Earnings per share from discontinued operations - diluted (in dollars per share)	0	0.39	0.03
Earnings per common shareholder - diluted (in dollars per share)	0.68	1.31	0.77
Cash dividends declared (in dollars per share)	$ 0.1	$ 0.08	$ 0.08
Weighted average shares outstanding - basic (in shares)	10,308,738	8,212,021	8,014,316
Weighted average shares outstanding - diluted (in shares)	10,440,228	10,068,733	8,140,116

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Income - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Statement of Comprehensive Income [Abstract]
Net Income	$ 7,575	$ 12,912	$ 6,816
Other comprehensive income (loss):
Unrealized holding gains (losses) on securities available-for-sale	3,387	(2,802)	202
Unrealized holding gains during the year related to reclassified held-to-maturity securities	0	1,825	0
Income tax effect	(1,355)	391	(81)
Reclassification adjustment for gain recognized in income	(731)	(813)	(130)
Reclassification adjustment for gain recognized in income related to reclassified held-to-maturity securities	0	(269)	0
Income tax effect	292	433	52
Change in defined benefit pension plan	(507)	(181)	(556)
Income tax effect	203	72	222
Total other comprehensive income (loss)	1,289	(1,344)	(291)
Comprehensive income	$ 8,864	$ 11,568	$ 6,525

Consolidated Statements of Chan

Consolidated Statements of Changes in Stockholders' Equity - USD ($) $ in Thousands	Total	Preferred Stock	Common Stock	Additional Paid-in Capital	Retained Earnings	Accumulated Other Comprehensive (Loss)	Treasury Stock
Beginning balance at Dec. 31, 2014	$ 109,438	$ 16,334	$ 8,034	$ 74,342	$ 14,454	$ (2,642)	$ (1,084)
Increase (Decrease) in Stockholders' Equity
Net Income	6,816				6,816
Other comprehensive loss	(291)					(291)
Cash dividends paid	(641)				(641)
Dividends on preferred stock	(575)				(575)
Stock based compensation	413			413
Common stock options exercised	(448)		79	(527)
Ending balance at Dec. 31, 2015	114,712	16,334	8,113	74,228	20,054	(2,933)	(1,084)
Increase (Decrease) in Stockholders' Equity
Net Income	12,912				12,912
Other comprehensive loss	(1,344)					(1,344)
Cash dividends paid	(646)				(646)
Dividends on preferred stock	(1,128)				(1,128)
Stock based compensation	568			568
Common stock options exercised	32		22	10
Common stock issuance, net of issuance costs	20,519		1,913	18,606
Ending balance at Dec. 31, 2016	145,625	16,334	10,048	93,412	31,192	(4,277)	(1,084)
Increase (Decrease) in Stockholders' Equity
Net Income	7,575				7,575
Other comprehensive loss	1,289					1,289
Cash dividends paid	(1,033)				(1,033)
Dividends on preferred stock	(498)				(498)
Stock based compensation	813			813
Common stock options exercised	(10)		4	(14)
Common stock issuance, net of issuance costs	4,931		444	4,487
Redemption of preferred stock	(8,500)	(8,500)
Ending balance at Dec. 31, 2017	$ 150,192	$ 7,834	$ 10,496	$ 98,698	$ 37,236	$ (2,988)	$ (1,084)

Consolidated Statements of Cha7

Consolidated Statements of Changes in Stockholders' Equity (Parenthetical) - $ / shares	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Statement of Stockholders' Equity [Abstract]
Cash dividends paid (in dollars per share)	$ 0.1	$ 0.08	$ 0.08

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($)	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
OPERATING ACTIVITIES
Net Income	$ 7,575,000	$ 12,912,000	$ 6,816,000
Adjustments to reconcile net income to net cash provided by (used in) operating activities:
Net amortization and accretion of investments	1,166,000	1,001,000	765,000
Net amortization of deferred loan fees	26,000	55,000	203,000
Provision for loan losses	2,173,000	3,632,000	2,493,000
Depreciation and amortization	2,691,000	3,407,000	2,908,000
Stock based compensation	813,000	568,000	413,000
Loans originated for sale	(1,367,531,000)	(1,643,450,000)	(1,341,965,000)
Proceeds of loans sold	1,428,060,000	1,691,572,000	1,338,341,000
Mortgage fee income	(37,149,000)	(35,673,000)	(29,472,000)
Gain on sale of securities	(1,103,000)	(1,084,000)	(130,000)
Loss on sale of securities	372,000	2,000	0
Gain on sale of portfolio loans	(538,000)	(1,042,000)	(1,413,000)
Gain on sale of subsidiary	0	(6,926,000)	0
Income on bank owned life insurance	(646,000)	(638,000)	(653,000)
Deferred taxes	1,349,000	707,000	(395,000)
Other, net	(4,137,000)	221,000	(812,000)
Net cash (used in) / provided by operating activities	33,121,000	25,264,000	(22,901,000)
INVESTING ACTIVITIES
Purchases of investment securities available-for-sale	(139,127,000)	(114,612,000)	(39,552,000)
Purchases of investment securities held-to-maturity	0	0	(700,000)
Maturities/paydowns of investment securities available-for-sale	19,011,000	17,790,000	24,412,000
Maturities/paydowns of investment securities held-to-maturity	0	400,000	1,580,000
Sales of investment securities available-for-sale	53,198,000	55,191,000	12,912,000
Sales of investment securities held-to-maturity	0	0	421,000
Purchases of premises and equipment	(4,496,000)	(1,668,000)	(2,153,000)
Disposals of premises and equipment	307,000	0	0
Disposals of premises and equipment from sale of subsidiary	0	581,000	0
Net increase in loans	(53,960,000)	(22,245,000)	(215,173,000)
Purchases of restricted bank stock	(20,712,000)	(23,933,000)	(24,344,000)
Redemptions of restricted bank stock	18,980,000	26,684,000	20,972,000
Proceeds from sale of certificates of deposit with banks	1,978,000	6,717,000	248,000
Purchases of certificates of deposit with banks	(2,229,000)	(8,094,000)	(1,491,000)
Proceeds from sale of other real estate owned	0	159,000	1,132,000
Proceeds from sale of subsidiary	0	7,047,000	0
Branch acquisition, net cash acquired	0	0	48,292,000
Purchase of bank owned life insurance	(9,050,000)	0	0
Net cash (used in) investing activities	(136,100,000)	(55,983,000)	(173,444,000)
FINANCING ACTIVITIES
Net increase in deposits	52,563,000	94,703,000	120,390,000
Net (decrease) in repurchase agreements	(2,757,000)	(2,277,000)	(5,236,000)
Net change in short-term FHLB borrowings	49,663,000	(92,184,000)	84,088,000
Principal payments on FHLB borrowings	(15,097,000)	(93,000)	(2,177,000)
Proceeds from new FHLB borrowings	26,682,000	0	0
Proceeds from stock offering, net of issuance costs	4,931,000	20,519,000	0
Preferred stock redemption	(8,500,000)	0	0
Common stock options exercised	(10,000)	32,000	(448,000)
Cash dividends paid on common stock	(1,033,000)	(646,000)	(641,000)
Cash dividends paid on preferred stock	(498,000)	(1,128,000)	(575,000)
Net cash provided by financing activities	105,944,000	18,926,000	195,401,000
Increase (decrease) in cash and cash equivalents	2,965,000	(11,793,000)	(944,000)
Cash and cash equivalents at beginning of period	17,340,000	29,133,000	30,077,000
Cash and cash equivalents at end of period	20,305,000	17,340,000	29,133,000
Supplemental disclosure of cash flow information:
Loans transferred to other real estate owned	1,164,000	332,000	174,000
Cashless stock options exercised	4,000	16,000	1,180,000
Cash payments for:
Interest on deposits, repurchase agreements and borrowings	12,399,000	10,890,000	11,124,000
Income taxes	$ 6,026,000	$ 6,922,000	$ 2,400,000

SUMMARY OF SIGNIFICANT ACCOUNTI

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	12 Months Ended
	Dec. 31, 2017
Accounting Policies [Abstract]
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Business and Organization MVB Financial Corp. (“the Company”) is a financial holding company and was organized in 2003. MVB operates principally through it’s wholly-owned subsidiary, MVB Bank, Inc. (“MVB Bank”). MVB Bank’s operating subsidiaries include MVB Mortgage, MVB Insurance, LLC (“MVB Insurance”), and MVB Community Development Corporation (“CDC”). MVB Bank was chartered in 1997 and commenced operations in 1999. In 2012, MVB Bank acquired Potomac Mortgage Group, Inc. (“PMG” which began doing business under the registered trade name “MVB Mortgage”), a mortgage company in the northern Virginia area, and fifty percent ( 50% ) interest in a mortgage services company, Lender Service Provider, LLC (“LSP”). In 2013, this fifty percent interest ( 50% ) in LSP was reduced to a twenty-five percent ( 25% ) interest and in 2017, a forfeiture of a partial interest occurred, which increased the interest owned to thirty-three percent ( 33% ). At this time, LSP began doing business as Lenderworks. MVB Insurance was originally formed in 2000. In 2013, MVB Insurance became a direct subsidiary of the Company. In 2016, the Company entered into an Asset Purchase Agreement with USI Insurance Services (“USI”), in which USI purchased substantially all of the assets and assumed certain liabilities of MVB Insurance, which resulted in a pre-tax gain of $6.9 million and was reported in discontinued operations. MVB Insurance retained the assets related to, and continues to operate, its title insurance business, which is immaterial in terms of revenue. The Company reorganized MVB Insurance as a subsidiary of the Bank in 2016. MVB Community Development Corporation was formed in 2017 to house significant CRA investments that the Bank participates in to better the communities it serves. A summary of significant accounting and reporting policies applied in the presentation of the accompanying consolidated financial statements follows: Basis of Presentation The financial statements are consolidated to include the accounts of the Company, its subsidiary, MVB Bank, and the Bank's wholly-owned subsidiaries, MVB Mortgage and MVB Insurance. These statements have been prepared in accordance with U.S. generally accepted accounting principles. All significant inter-company accounts and transactions have been eliminated in the consolidated financial statements. In preparing the consolidated financial statements, management makes estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the consolidated financial statements and the reported amounts of revenues and expenses for the period. Actual results could differ significantly from those estimates. Material estimates that are particularly susceptible to significant change relate to determination of the allowance for loan losses, derivative instruments, goodwill and deferred tax assets and liabilities. Operating Segments An operating segment is defined as a component of an enterprise that engages in business activities that generates revenue and incurs expense, and the operating results of which are reviewed by the chief operating decision maker in the determination of resource allocation and performance. While the Company’s chief decision makers monitor the revenue streams of the various Company’s products and services, operations are managed and financial performance is evaluated on a Company-wide basis. The Company has identified three reportable segments: commercial and retail banking; mortgage banking; and financial holding company. Insurance services was previously identified as a reportable segment until entering into an Asset Purchase Agreement, as discussed below and in Note 23, "Discontinued Operations" of the Notes to the Consolidated Financial Statements included in Item 8, Financial Statements and Supplementary Data, of this Annual Report on Form 10-K. Cash and Cash Equivalents Cash equivalents include cash on hand, deposits in banks and interest-earning deposits. Interest-earning deposits with original maturities of 90 days or less are considered cash equivalents. Net cash flows are reported for loans, deposits and short term borrowing transactions. Management Estimates The preparation of consolidated financial statements in conformity with U.S. generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities at the date of the consolidated financial statements and the reported amounts of revenues and expenses during the reporting period. Estimates, such as the allowance for loan losses, are based upon known facts and circumstances. Estimates are revised by management in the period such facts and circumstances change. Actual results could differ from these estimates. Investment Securities Investment securities at the time of purchase are classified as one of the following: Held-to-Maturity Securities - Includes securities that the Company has the positive intent and ability to hold to maturity. These securities are reported at amortized cost. Available-for-Sale Securities - Includes debt and equity securities not classified as held-to-maturity that will be held for indefinite periods of time. These securities may be sold in response to changes in market interest or prepayment rates, needs for liquidity and changes in the availability of and yield of alternative investments. Such securities are reported at fair value, with unrealized holding gains and losses excluded from earnings and reported as a separate component of stockholders’ equity, net of estimated income tax effect. The amortized cost of investment in debt securities is adjusted for amortization of premiums and accretion of discounts, computed by a method that results in a level yield. Gains and losses on the sale of investment securities are computed on the basis of specific identification of the adjusted cost of each security. Securities are periodically reviewed for other-than-temporary impairment. For debt securities, management considers whether the present value of future cash flows expected to be collected are less than the security’s amortized cost basis (the difference defined as the credit loss), the magnitude and duration of the decline, the reasons underlying the decline and the Company’s intent to sell the security or whether it is more likely than not that the Company would be required to sell the security before its anticipated recovery in market value, to determine whether the loss in value is other than temporary. Once a decline in value is determined to be other than temporary, if the Company does not intend to sell the security, and it is more-likely-than-not that it will not be required to sell the security, before recovery of the security’s amortized cost basis, the charge to earnings is limited to the amount of credit loss. Any remaining difference between fair value and amortized cost (the difference defined as the non-credit portion) is recognized in other comprehensive income, net of applicable taxes. For equity securities where the fair value has been significantly below cost for one year, the Company’s policy is to recognize an impairment loss unless sufficient evidence is available that the decline is not other than temporary and a recovery period can be predicted. A decline in value that is considered to be other-than-temporary is recorded as a loss within noninterest income in the consolidated statement of income. Common stock of the Federal Home Loan Bank represents ownership in an institution which is wholly owned by other financial institutions. These equity securities are accounted for at cost and are classified as other assets. Loans Held for Sale Through multiple secondary market investors, MVB Mortgage has the ability to offer customers long-term fixed rate and variable rate mortgage products without holding these instruments in the Bank’s loan portfolio. MVB Mortgage elected the fair value option and therefore records loans held for sale at fair value. Occasionally the Bank will sell portfolio loans and have them classified as loans held for sale. These loans are recorded at lower of cost or market. The Company has a loan indemnification reserve for loans sold that may be subject to repurchase in the event of specific default by the borrower or subsequent discovery that underwriting standards were not met. The reserve amount was $200 thousand as of December 31, 2017 and 2016 . Loans and Allowance for Loan Losses Loans are stated at the amount of unpaid principal reduced by an allowance for loan losses. Loans are considered non-accrual when scheduled principal or interest payments are 90 days past due. Interest income on loans is recognized on an accrual basis. The allowance for loan losses is maintained at a level deemed adequate to absorb probable losses inherent in the loan portfolio. The Company consistently applies a quarterly loan review process to continually evaluate loans for changes in credit risk. This process serves as the primary means by which the Company evaluates the adequacy of the allowance for loan losses, and is based upon periodic review of the collectability of loans in light of historical experience, the nature and volume of the loan portfolio, adverse situations that may affect the borrower’s ability to repay, estimated value of any underlying collateral and prevailing economic conditions. This evaluation is inherently subjective as it requires estimates that are susceptible to significant revision as more information becomes available. The allowance consists of specific and general components. The specific component relates to loans that are impaired. The general component covers all loans that are not impaired, and is based upon historical loss experience adjusted for qualitative factors. The Company allocates the allowance based on the factors described below, which conform to the Company’s loan classification policy. In reviewing risk within the Bank and Mortgage Company’s loan portfolio, management has determined there to be several different risk categories within the loan portfolio. The allowance for loan losses consists of amounts applicable to: (i) residential real estate loans; (ii) commercial and commercial real estate secured loans; (iii) home equity loans; (iv) consumer and other loans. Factors considered in this process include general loan terms, collateral, and availability of historical data to support the analysis. Historical loss percentages for each loan category are calculated and used as the basis for calculating allowance allocations. Certain qualitative factors are evaluated to determine additional inherent risks in the loan portfolio, which are not necessarily reflected in the historical loss percentages. These factors are then added to the historical allocation percentages to get the adjusted factor to be applied to non-classified loans on a weighted basis, by risk grade. The following qualitative factors are analyzed: • Lending policies and procedures • Nature and volume of the portfolio • Experience and ability of lending management and staff • Volume and severity of problem credits • Conclusions of loan reviews, audits and exams • National, state, regional and local economic trends and business conditions ◦ General economic conditions ◦ Unemployment rates ◦ Inflation / CPI • Value of underlying collateral • Existence and effect of any credit concentrations • Consumer sentiment • Other external factors The Company analyzes its loan portfolio each quarter to determine the appropriateness of its allowance for loan losses. A loan that has deteriorated and requires additional collection efforts by the Bank could warrant non-accrual status. A thorough review is presented to the Chief Credit Officer and or the Management Loan Committee ("MLC"), as required with respect to any loan which is in a collection process and to make a determination as to whether the loan should be placed on non-accrual status. The placement of loans on non-accrual status is subject to applicable regulatory restrictions and guidelines. Generally, loans should be placed in non-accrual status when the loan reaches 90 days past due, when it becomes likely the borrower cannot or will not make scheduled principal or interest payments, when full repayment of principal and interest is not expected, or when the loan displays potential loss characteristics. Normally, all accrued interest is charged off when a loan is placed in non-accrual status, unless Management believes it is likely the accrued interest will be collected. Any payments subsequently received are applied to principal. To remove a loan from non-accrual status, all principal and interest due must be paid up to date and the Bank is reasonably sure of future satisfactory payment performance. Usually, this requires a six-month recent history of payments due. Removal of a loan from non-accrual status requires the approval of the Chief Credit Officer and or MLC. A loan is considered impaired when, based upon current information and events, it is probable that the Company will be unable to collect the scheduled payments of principal or interest when due according to the contractual terms of the loan agreement. Factors considered by management in determining impairment include payment status, collateral value, and the probability of collecting scheduled principal and interest payments when due. Loans that experience insignificant payment delays and shortages generally are not classified as impaired. Generally, the Company considers impaired loans to include loans classified as non-accrual loans, loans past due for longer than 90 days and troubled debt restructurings. The Company defers loan origination and commitment fees and direct loan origination costs and the net amount is amortized as an adjustment of the related loan’s yield. Troubled Debt Restructurings (TDRs) A restructuring of debt constitutes a TDR if the creditor for economic or legal reasons related to the debtor’s financial difficulties grants a concession to the debtor that it would not otherwise consider. The determination of whether a concession has been granted includes an evaluation of the debtor’s ability to access funds at a market rate for debt with similar risk characteristics and among other things, the significance of the modification relative to unpaid principal or collateral value of the debt, and/or the significance of a delay in the timing of payments relative to the frequency of payments, original maturity date or the expected duration of the loan. The most common concessions granted generally include one or more modifications to the terms of the debt such as a reduction in the interest rate for the remaining life of the debt, an extension of the maturity date at an interest rate lower than the current market rate for new debt with similar risk, or reduction of the unpaid principal or interest. All TDRs are considered impaired loans. Derivative Instruments Interest Rate Lock Commitments and Hedges The Company enters into commitments to originate mortgage loans whereby the interest rate on the loan is determined prior to funding (rate lock commitments). Rate lock commitments on mortgage loans that are intended to be sold are considered to be derivatives. The period of time between issuance of a loan commitment and closing and sale of the loan generally ranges from 30 days to 120 days . The Company protects itself from changes in interest rates through the use of best efforts forward delivery commitments, whereby the Company commits to sell a loan at the time the borrower commits to an interest rate with the intent that the buyer has assumed interest rate risk on the loan. The correlation between the rate lock commitments and hedges is very high due to their similarity. As a result of these strategies, the Company limits the exposure of losses with these arrangements and will not realize significant gains related to its rate lock commitments due to changes in interest rates. For loans not originated on a best effort basis, the Company also uses mortgage-backed security hedges and pair-offs to mitigate interest rate risk by entering securities and mortgage-backed securities trades with brokers. The fair value of rate lock commitments and hedges is not readily ascertainable with precision because rate lock commitments and hedges are not actively traded in stand-alone-markets. The Company determines the fair value of rate lock commitments and hedges by measuring the change in the value of the underlying asset while taking into consideration the probability that the rate lock commitments will close. Fair value changes are recorded in noninterest income in the Company’s consolidated statement of income. At December 31, 2017 and 2016 , the balance of interest rate lock commitments was $1.4 million and $1.5 million , respectively. There were no forward sales commitments as of December 31, 2017 and 2016 . Interest Rate Cap The Company has entered into a rate protection transaction through SMBC Capital Markets, Inc. covering the period November 26, 2014 through December 1, 2019 . The notional amount is $100 million and 3 month LIBOR is the underlying rate and the strike price is 3% . The 5 year coverage is broken into 20 quarterly caps. The Company’s fixed cost in the interest rate cap was $1.5 million . The credit support provider must maintain a long-term senior unsecured debt rating of A or better by S&P and A2 or better by Moody’s. The interest rate cap agreement is a free-standing derivative and is recorded at fair value on the Company’s consolidated balance sheet. Fair value changes are recorded in noninterest income in the Company’s consolidated net income statement. At December 31, 2017 and 2016 , the fair value of the interest rate cap was $33 thousand and $268 thousand , respectively. Interest Rate Swap Beginning in 2015 , the Company entered into interest rate swap agreements to facilitate the risk management strategies of a small number of commercial banking clients. The Company mitigates this risk by entering into equal and offsetting interest rate swap agreements with highly rated third-party financial institutions. The interest rate swap agreements are free-standing derivatives and are recorded at fair value on the Company’s consolidated balance sheet. Fair value changes are recorded in noninterest income in the Company’s consolidated net income statement. At December 31, 2017 and 2016 , the fair value of interest rate swap agreements was $268 thousand and $250 thousand , respectively. Mortgage Servicing Rights Mortgage servicing rights (MSRs) are recorded when the Bank sells mortgage loans and retains the servicing on those loans. On a monthly basis, MVB tracks the amount of mortgage loans that are sold with servicing retained. A valuation is done to determine the MSR’s value, which is then recorded as an asset and amortized over the period of estimated net servicing revenues. The balance of MSR’s is evaluated for impairment quarterly, and was determined not to be impaired at December 31, 2017 or 2016 . Servicing loans for others generally consists of collecting mortgage payments from borrowers, maintaining escrow accounts, remitting payments to third party investors and when necessary, foreclosure processing. Serviced loans are not included in the Consolidated Balance Sheets. At December 31, 2017 and 2016 , the MSR's value was $182 thousand and $190 thousand , respectively. Premises and Equipment Premises and equipment are carried at cost less accumulated depreciation. Depreciation expense is computed for financial reporting by the straight-line-method based on the estimated useful lives of assets, which range from 7 to 40 years on buildings and leasehold improvements and 3 to 10 years on furniture, fixtures and equipment. Intangible Assets and Goodwill Goodwill is reviewed for potential impairment at least annually at the reporting unit level. In addition to the annual impairment evaluation, the Company evaluates for impairment when events or circumstances indicate that it is more likely than not an impairment loss has occurred. The Company performs its annual impairment test during the fourth quarter. The Company first assesses qualitative factors to determine whether it is necessary to perform the two-step goodwill impairment test discussed below. The Company assesses qualitative factors to determine whether it is more likely than not that the fair value of a reporting unit is less than its carrying amount, including goodwill. Examples of qualitative factors include: economic conditions; industry and market considerations; increases in raw materials, labor, or other costs; overall financial performance such as negative or declining cash flows; relevant entity-specific events such as changes in management, key personnel, strategy, or customers; and regulatory or political developments. If, based on its assessment of the qualitative factors, the Company determines that it is not more likely than not that the fair value of a reporting unit is less than its carrying amount, then the first and second steps of the goodwill impairment test are not necessary. If determined to be necessary, a two-step impairment test is performed to identify potential goodwill impairment and measure the amount of a goodwill impairment loss to be recognized (if any). The first step requires the estimation of the reporting unit’s fair value. If the fair value of the reporting unit exceeds the carrying value, including goodwill, no further testing is required. If the carrying value exceeds the fair value, a second step is performed to determine whether an impairment charge must be recorded, and if so, the amount of such change. It was decided that the Company would early adopt ASU 2017-04, Intangibles–Goodwill and Other (Topic 350): Simplifying the Test for Goodwill Impairment. Topic 350, Intangibles—Goodwill and Other (Topic 350) and did so for the period ended December 31, 2017 . As such, the Company began using the one-step process for the annual impairment evaluation. The Company’s assessment of qualitative factors determined that it is not more likely than not that the fair value of each reporting unit is less than its carrying amount and therefore, goodwill is not impaired as of December 31, 2017 and 2016 . As of December 31, 2017 and 2016 , the Company had goodwill of $18.5 million , respectively. Intangible Assets include core deposit intangibles which are amortized over their useful life of ten years using the double-declining balance method. Net core deposit intangibles are included in accrued interest receivable and other assets on the consolidated balance sheet and totaled $646 thousand and $744 thousand as of December 31, 2017 and 2016 , respectively. Restricted Bank Stock The Bank is a member of the FHLB of Pittsburgh and as such, is required to maintain a minimum investment in stock of the FHLB that varies with the level of advances outstanding with the FHLB. As of December 31, 2017 and 2016 , the Bank holds $7.6 million and $5.8 million , respectively. The stock is bought from and sold to the FHLB based upon its $100 par value. The stock does not have a readily determinable fair value and as such is classified as restricted stock, carried at cost and evaluated by management. The stock’s value is determined by the ultimate recoverability of the par value rather than by recognizing temporary declines. The determination of whether the par value will ultimately be recovered is influenced by criteria such as the following: (a) A significant decline in net assets of the FHLB as compared to the capital stock amount and the length of time this situation has persisted (b) commitments by the FHLB to make payments required by law or regulation and the level of such payments in relation to the operating performance (c) the impact of legislative and regulatory changes on the customer base of the FHLB and (d) the liquidity position of the FHLB. Management evaluated the stock and concluded that the stock was not impaired for the periods presented herein. Management considered that the FHLB’s regulatory capital ratios have improved in the most recent quarters, liquidity appears adequate, new shares of FHLB stock continue to exchange hands at the $100 par value and the FHLB has repurchased shares of excess capital stock from its members during 2017 and 2016 . Foreclosed Assets Held for Resale Foreclosed assets held for resale acquired in satisfaction of mortgage obligations and in foreclosure proceedings are recorded at fair value less estimated selling costs at the time of foreclosure, with any valuation adjustments charged to the allowance for loan losses. In subsequent periods, foreclosed assets are recorded at the lower of cost or fair value less any costs to sell. Any gains or losses on sale are then recorded in other noninterest expense. At December 31, 2017 and 2016 , the Company held other real estate of $1.3 million and $414 thousand . Bank-Owned Life Insurance Bank-owned life insurance (“BOLI”) represents life insurance on the lives of certain Company employees who have provided positive consent allowing the Company to be the beneficiary of such policies. These policies are recorded at their cash surrender value, or the amount that can be realized upon surrender of the policy. Income from these policies is not subject to income taxes and is recorded as noninterest income. Income Taxes The Company and the Bank file a consolidated federal income tax return. Deferred tax assets and liabilities are computed based on the difference between the financial statement basis and income tax basis of assets and liabilities using the enacted marginal tax rates. Deferred income tax expenses or benefits are based on the changes in the net deferred tax asset or liability from period to period. Stock Based Compensation Compensation cost is recognized for stock options issued to employees, based on the fair value of these awards at the date of grant. A Black-Scholes model is utilized to estimate the fair value of stock options. Compensation cost is recognized over the required service period, generally defined as the vesting period. For awards with graded vesting, compensation cost is recognized on a straight-line basis over the requisite service period for the entire award. Earnings Per Share The Company determines basic earnings per share by dividing net income less preferred stock dividends by the weighted average number of common shares outstanding during the period. Diluted earnings per share is determined by dividing net income less dividends on convertible preferred stock plus interest on convertible subordinated debt by the weighted average number of shares outstanding increased by both the number of shares that would be issued assuming the exercise of stock options under the Company’s 2003 and 2013 Stock Incentive Plans and the conversion of preferred stock and subordinated debt if dilutive. The 2015 dilutive earnings per share has been modified with the calculation of continuing and discontinued operations to use the denominator of shares from continuing operations for continuing, discontinuing, and total earnings per share. The subordinated debt was considered anti-dilutive for continuing operations and excluded from the calculation for year ending December 31, 2015. This changed the reported 2015 earnings per share. For the years ended December 31, (Dollars in thousands except shares and per share data) 2017 2016 2015 Numerator for basic earnings per share: Net Income from continuing operations $ 7,575 $ 8,977 $ 6,603 Less: Dividends on preferred stock 498 1,128 575 Net Income from continuing operations available to common shareholders - basic 7,077 7,849 6,028 Net Income from discontinued operations available to common shareholders - basic and diluted — 3,935 213 Net Income available to common shareholders $ 7,077 $ 11,784 $ 6,241 Numerator for diluted earnings per share: Net Income from continuing operations available to common shareholders - basic $ 7,077 $ 7,849 $ 6,028 Add: Dividends on preferred stock — — — Add: Interest on subordinated debt (tax effected) — 1,390 — Net Income available to common shareholders from continuing operations - diluted $ 7,077 $ 9,239 $ 6,028 Denominator: Total average shares outstanding 10,308,738 8,212,021 8,014,316 Effect of dilutive convertible preferred stock — — — Effect of dilutive convertible subordinated debt — 1,837,500 — Effect of dilutive stock options 131,490 19,212 125,800 Total diluted average shares outstanding 10,440,228 10,068,733 8,140,116 Earnings per share from continuing operations - basic $ 0.69 $ 0.96 $ 0.75 Earnings per share from discontinued operations - basic $ — $ 0.48 $ 0.03 Earnings per common shareholder - basic $ 0.69 $ 1.44 $ 0.78 Earnings per share from continuing operations - diluted $ 0.68 $ 0.92 $ 0.74 Earnings per share from discontinued operations - diluted $ — $ 0.39 $ 0.03 Earnings per common shareholder - diluted $ 0.68 $ 1.31 $ 0.77 Comprehensive Income Accounting principles generally require that recognized revenue, expenses, gains and losses be included in net income. Although certain changes in assets and liabilities, such as unrealized gains and losses on available-for-sale securities and minimum pension liability, are reported as a separate component of the equity section of the Consolidated Balance Sheet, such items, along with net income, are components of comprehensive income. In 2018, the Company will be required to perform a reclassification from AOCI to retained earnings for stranded tax effects resulting from the newly enacted federal corporate income tax rate in the Tax Reform Act, which was enacted on December 22, 2017. As discussed previously, the Tax Reform Act included a reduction to the corporate income tax rate from 34 percent to 21 percent effective January 1, 2018. The amount of the reclassification is the difference between the historical corporate income tax rate and the newly enacted 21 percent corporate income tax rate, which resulted in a decrease of $646 thousand . Marketing Costs Marketing costs are expensed as incurred. Marketing expense was $1.2 million , $1.3 million and $1.4 million for 2017 , 2016 and 2015 , respectively. Transfers of Financial Assets Transfers of financial assets are accounted for as sales when control over the assets has been surrendered. Control over transferred assets is deemed to be surrendered when (i) the assets have been isolated from the company, (ii) the transferee obtains the right (free of conditions that constrain it from taking advantage of that right) to pledge or exchange the transferred assets, and (iii) the Company does not maintain effective control over the transferred assets through an agreement to repurchase them before their maturity. Reclassifications Certain amounts in the 2016 and 2015 consolidated financial statements have been reclassified to conform to the 2017 financial statement presentation. Recent Accounting Pronouncements In February 2018, the Financial Accounting Standards Board ("FASB") issued Accounting Standards Update ("ASU") 2018-02, Income Statement - Reporting Comprehensive Income (Topic 220): Reclassification of Certain Tax Effects from Accumulated Other Comprehensive Income . This update 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 Reform Act, which was enacted on December 22, 2017. The Tax Reform Act included a reduction to the corporate income tax rate from 34 percent to 21 percent effective January 1, 2018. The amount of the reclassification is the difference between the historical corporate income tax rate and the newly enacted 21 percent corporate income tax rate, which resulted in a decrease of $646 thousand . The amendments in the ASU are effective for fiscal years beginning after December 15, 2018, including interim periods within those fiscal years. Early adoption is permitted and the Company plans to adopt in 2018. In March 2017, the FASB issued ASU 2017-08, Receivables–Nonrefundable Fees and Other Costs (Subtopic 310-20): Premium Amortization on Purchased Callable Debt Securities . This ASU amends guidance on the amortization period of premiums on certain purchased callable debt securities. Specifically, the amendments shorten the amortization period of premiums on certain purchased callable debt securities to the earli

INVESTMENT SECURITIES

INVESTMENT SECURITIES	12 Months Ended
	Dec. 31, 2017
Investments, Debt and Equity Securities [Abstract]
INVESTMENT SECURITIES	INVESTMENT SECURITIES Prior to the final determination of Basel III, investments were recorded as held-to-maturity due to the uncertainty of the capital treatment of available-for-sale investments. Upon the issuance of the final ruling, the Company opted out of the Other Comprehensive Income treatment of available-for-sale investments permitted under Basel III. Due to the change in capital treatment under the final ruling of Basel III, the Company’s purpose of recording investments as held-to-maturity changed; therefore, during the period ended March 31, 2016 , the Company reclassified $52.4 million , with unrealized holding gains of $1.8 million , of the remaining held-to-maturity investments into available-for-sale investments. There were no held-to-maturity securities at December 31, 2017 or December 31, 2016 . Amortized cost and fair values of investment securities available-for-sale at December 31, 2017 are summarized as follows: (Dollars in thousands) Amortized Cost Unrealized Gain Unrealized Loss Fair Value U. S. Agency securities $ 81,705 $ 81 $ (841 ) $ 80,945 U.S. Sponsored Mortgage-backed securities 59,387 31 (1,264 ) 58,154 Municipal securities 74,482 1,733 (373 ) 75,842 Total debt securities 215,574 1,845 (2,478 ) 214,941 Equity and other securities 15,940 644 (18 ) 16,566 Total investment securities available-for-sale $ 231,514 $ 2,489 $ (2,496 ) $ 231,507 Amortized cost and fair values of investment securities available-for-sale at December 31, 2016 are summarized as follows: (Dollars in thousands) Amortized Cost Unrealized Gain Unrealized Loss Fair Value U. S. Agency securities $ 29,234 $ 7 $ (425 ) $ 28,816 U.S. Sponsored Mortgage-backed securities 56,080 14 (1,362 ) 54,732 Municipal securities 72,075 744 (2,023 ) 70,796 Total debt securities 157,389 765 (3,810 ) 154,344 Equity and other securities 7,643 381 — 8,024 Total investment securities available-for-sale $ 165,032 $ 1,146 $ (3,810 ) $ 162,368 The following table summarizes amortized cost and fair values of debt securities by maturity: December 31, 2017 Available for sale (Dollars in thousands) Amortized Cost Fair Value Within one year $ 300 $ 302 After one year, but within five 37,208 37,210 After five years, but within ten 31,768 31,258 After ten years 146,298 146,171 Total $ 215,574 $ 214,941 Investment securities with a carrying value of $113.3 million and $82.7 million at December 31, 2017 and 2016 , respectively, were pledged to secure public funds, repurchase agreements and potential borrowings at the Federal Reserve discount window. The Company’s investment portfolio includes securities that are in an unrealized loss position as of December 31, 2017 , the details of which are included in the following table. Although these securities, if sold at December 31, 2017 would result in a pretax loss of $2.5 million , the Company has no intent to sell the applicable securities at such fair values, and maintains the Company has the ability to hold these securities until all principal has been recovered. It is more likely than not that the Company will not sell any securities at a loss for liquidity purposes. Declines in the fair values of these securities can be traced to general market conditions which reflect the prospect for the economy as a whole. When determining other-than-temporary impairment on securities, the Company considers such factors as adverse conditions specifically related to a certain security or to specific conditions in an industry or geographic area, the time frame securities have been in an unrealized loss position, the Company’s ability to hold the security for a period of time sufficient to allow for anticipated recovery in value, whether or not the security has been downgraded by a rating agency, and whether or not the financial condition of the security issuer has severely deteriorated. As of December 31, 2017 , the Company considers all securities with unrealized loss positions to be temporarily impaired, and consequently, does not believe the Company will sustain any material realized losses as a result of the current temporary decline in fair value. The following table discloses investments in an unrealized loss position at December 31, 2017 : (Dollars in thousands) Less than 12 months 12 months or more Description and number of positions Fair Value Unrealized Loss Fair Value Unrealized Loss U.S. Agency securities (45) $ 61,834 $ (659 ) $ 7,709 $ (182 ) U.S. Sponsored Mortgage-backed securities (39) 16,825 (159 ) 37,427 (1,105 ) Municipal securities (47) 8,826 (48 ) 16,781 (325 ) Equity and other securities (2) $ 1,034 $ (18 ) $ — $ — $ 88,519 $ (884 ) $ 61,917 $ (1,612 ) The following table discloses investments in an unrealized loss position at December 31, 2016 : (Dollars in thousands) Less than 12 months 12 months or more Description and number of positions Fair Value Unrealized Loss Fair Value Unrealized Loss U.S. Agency securities (16) $ 28,814 $ (425 ) $ — $ — U.S. Sponsored Mortgage-backed securities (29) 33,209 (1,040 ) 13,919 (322 ) Municipal securities (86) 42,727 (2,023 ) — — $ 104,750 $ (3,488 ) $ 13,919 $ (322 ) The Company sold investments available-for-sale of $53.2 million , $55.2 million and $12.9 million in 2017 , 2016 and 2015 , respectively. These sales resulted in gross gains of $1.1 million , $1.1 million and $125 thousand and gross losses of $372 thousand , $2 thousand , and $0 in 2017 , 2016 and 2015 , respectively. During 2015, the Company sold held-to-maturity investments of $421 thousand , resulting in gross gains of $5 thousand . The held-to-maturity investments were sold due to a credit downgrade, indicating significant deterioration of the issuer’s creditworthiness. The Company sold no held-to-maturity investments in during the years of 2017 or 2016 .

LOANS AND ALLOWANCE FOR LOAN LO

LOANS AND ALLOWANCE FOR LOAN LOSSES	12 Months Ended
	Dec. 31, 2017
Receivables [Abstract]
LOANS AND ALLOWANCE FOR LOAN LOSSES	LOANS AND ALLOWANCE FOR LOAN LOSSES The Company routinely generates 1-4 family mortgages for sale into the secondary market. During 2017 , 2016 and 2015 , the Company recognized sales proceeds of $1.4 billion , $1.7 billion and $1.3 billion , resulting in mortgage fee income of $37.1 million , $35.7 million and $29.5 million , respectively. The components of loans in the Consolidated Balance Sheet at December 31, were as follows: (Dollars in thousands) 2017 2016 Commercial and Non-Residential Real Estate $ 783,909 $ 756,619 Residential Real Estate 246,214 215,452 Home Equity 62,400 65,386 Consumer 12,783 14,511 Total Loans 1,105,306 1,051,968 Deferred loan origination fees and costs, net 635 897 Loans receivable $ 1,105,941 $ 1,052,865 The following table summarizes the primary segments of the loan portfolio as of December 31, 2017 and 2016 : (Dollars in thousands) Commercial Residential Home Equity Consumer Total December 31, 2017 Individually evaluated for impairment $ 13,796 $ 1,569 $ 13 $ 178 $ 15,556 Collectively evaluated for impairment 770,113 244,645 62,387 12,605 1,089,750 Total Loans $ 783,909 $ 246,214 $ 62,400 $ 12,783 $ 1,105,306 December 31, 2016 Individually evaluated for impairment $ 10,781 $ 1,161 $ 132 $ 78 $ 12,152 Collectively evaluated for impairment 745,838 214,291 65,254 14,433 1,039,816 Total Loans $ 756,619 $ 215,452 $ 65,386 $ 14,511 $ 1,051,968 Loans are considered to be impaired when, based on current information and events, it is probable that the Company will be unable to collect the scheduled payments of principal or interest when due according to the contractual terms of the loan agreement. Factors considered by management in evaluating impairment include payment status, collateral value, and the probability of collecting scheduled principal and interest payments when due. Management determines the significance of payment delays and payment shortfalls on a case-by-case basis, taking into consideration all of the circumstances surrounding the loan and the borrower, including the length of the delay, the reasons for the delay, the borrower’s prior payment record, and the amount of the shortfall in relation to the principal and interest owed. The Company also separately evaluates individual consumer loans for impairment. The Chief Credit Officer identifies these loans individually by monitoring the delinquency status of the Bank’s portfolio. Once identified, the Bank’s ongoing communications with the borrower allow Management to evaluate the significance of the payment delays and the circumstances surrounding the loan and the borrower. Once the determination has been made that a loan is impaired, the amount of the impairment is measured using one of three valuation methods: (a) the present value of expected future cash flows discounted at the loan’s effective interest rate; (b) the loan’s observable market price; or (c) the fair value of the collateral less selling costs. The method is selected on a loan-by-loan basis, with management primarily utilizing the fair value of collateral method. The evaluation of the need and amount of a specific allocation of the allowance and whether a loan can be removed from impairment status is made on a quarterly basis. The following table presents impaired loans by class, segregated by those for which a specific allowance was required and those for which a specific allowance was not necessary as of December 31, 2017 and 2016 : Impaired Loans with Specific Allowance Impaired Loans with No Specific Allowance Total Impaired Loans (Dollars in thousands) Recorded Investment Related Allowance Recorded Investment Recorded Investment Unpaid Principal Balance December 31, 2017 Commercial Commercial Business $ 3,283 $ 22 $ 979 $ 4,262 $ 4,275 Commercial Real Estate 4,603 1,150 2,814 7,417 7,921 Acquisition & Development — — 2,117 2,117 4,090 Total Commercial 7,886 1,172 5,910 13,796 16,286 Residential — — 1,569 1,569 1,601 Home Equity — — 13 13 13 Consumer 69 16 109 178 475 Total Impaired Loans $ 7,955 $ 1,188 $ 7,601 $ 15,556 $ 18,375 December 31, 2016 Commercial Commercial Business $ — $ — $ 3,342 $ 3,342 $ 4,102 Commercial Real Estate 2,757 302 892 3,649 3,676 Acquisition & Development 264 74 3,526 3,790 6,059 Total Commercial 3,021 376 7,760 10,781 13,837 Residential 783 122 378 1,161 1,166 Home Equity 62 36 70 132 135 Consumer 16 9 62 78 285 Total Impaired Loans $ 3,882 $ 543 $ 8,270 $ 12,152 $ 15,423 Impaired loans have increased by $3.4 million , or 28% , during 2017 , primarily the result of the net impact of multiple factors including increases due to the identification of $7.6 million of recently impaired loans less, principal curtailments of $2.1 million , partial charge-offs of $360 thousand , foreclosure and reclassification to other real estate owned of $1.3 million , reclassification of $150 thousand of previously reported impaired loans to performing loans, and normal loan amortization of $213 thousand . The $7.6 million total of recently identified impaired loans includes $6.7 million , or 88.2% , of commercial loans, $783 thousand , or 10.3% , of residential mortgage loans, and $129 thousand , or 1.5% , of consumer loans. The commercial loans are primarily concentrated in just three relationships, including a $3.4 million purchased participation note secured by a senior healthcare facility, a $1.2 million commercial real estate loan, net of a $579 thousand sold participation, secured by a retail strip center, and a $810 thousand development loan secured by a developed commercial pad site. These three loans represent 80.0% of the recently impaired commercial loans, while the remaining $1.3 million represent fifteen additional commercial loans ranging from $6 thousand to $457 thousand in outstanding balances. The following table presents the average recorded investment in impaired loans and related interest income recognized for the years ended: December 31, 2017 December 31, 2016 December 31, 2015 (Dollars in thousands) Average Investment in Impaired Loans Interest Income Recognized on Accrual Basis Interest Income Recognized on Cash Basis Average Investment in Impaired Loans Interest Income Recognized on Accrual Basis Interest Income Recognized on Cash Basis Average Investment in Impaired Loans Interest Income Recognized on Accrual Basis Interest Income Recognized on Cash Basis Commercial Commercial Business $ 3,718 $ 155 $ 113 $ 4,027 $ 155 $ 104 $ 3,153 $ 156 $ 114 Commercial Real Estate 3,199 100 98 3,590 100 75 6,618 63 61 Acquisition & Development 3,429 9 13 3,983 9 112 2,408 9 10 Total Commercial 10,346 264 224 11,600 264 291 12,179 228 185 Residential 1,424 13 53 928 20 28 920 12 13 Home Equity 538 1 1 50 1 1 28 1 1 Consumer 187 — — 245 — — 1 — — Total $ 12,495 $ 278 $ 278 $ 12,823 $ 285 $ 320 $ 13,128 $ 241 $ 199 As of December 31, 2017 , the Bank held sixteen foreclosed residential real estate properties representing $1.0 million , or 78% , of the total balance of other real estate owned. These properties are held as a result of the foreclosures of primarily two commercial loan relationships, one of which included six properties for a total of $538 thousand , while the other included seven properties for a total of $178 thousand . The three remaining properties, totaling $329 thousand , were result of the foreclosure of three unrelated borrowers. There is one additional consumer mortgage loan collateralized by residential real estate property in the process of foreclosure. The total recorded investment in this loan was $132 thousand as of December 31, 2017 . This loan is included in the table above and has a total of $0 in specific allowance allocated to it. Bank management uses a nine point internal risk rating system to monitor the credit quality of the overall loan portfolio. The first six categories are considered not criticized, and are aggregated as “Pass” rated. The criticized rating categories utilized by management generally follow bank regulatory definitions. The Special Mention category includes assets that are currently protected but are potentially weak, resulting in an undue and unwarranted credit risk, but not to the point of justifying a Substandard classification. Loans in the Substandard category have well-defined weaknesses that jeopardize the liquidation of the debt, and have a distinct possibility that some loss will be sustained if the weaknesses are not corrected. Any portion of a loan that has been or is expected to be charged off is placed in the Loss category. To help ensure that risk ratings are accurate and reflect the present and future capacity of borrowers to repay a loan as agreed, the Bank has a structured loan rating process with several layers of internal and external oversight. Generally, consumer and residential mortgage loans are included in the Pass categories unless a specific action, such as past due status, bankruptcy, repossession, or death occurs to raise awareness of a possible credit event. The Bank’s Chief Credit Officer is responsible for the timely and accurate risk rating of the loans in the portfolio at origination and on an ongoing basis. The Credit Department ensures that a review of all commercial relationships of one million dollars or greater is performed annually. Review of the appropriate risk grade is included in both the internal and external loan review process, and on an ongoing basis. The Bank has an experienced Credit Department that continually reviews and assesses loans within the portfolio. The Bank engages an external consultant to conduct independent loan reviews on at least an annual basis. Generally, the external consultant reviews larger commercial relationships or criticized relationships. The Bank’s Credit Department compiles detailed reviews, including plans for resolution, on loans classified as Substandard on a quarterly basis. Loans in the Special Mention and Substandard categories that are collectively evaluated for impairment are given separate consideration in the determination of the allowance. The following table represents the classes of the loan portfolio summarized by the aggregate Pass and the criticized categories of Special Mention, Substandard and Doubtful within the internal risk rating system as of December 31, 2017 and 2016 : (Dollars in thousands) Pass Special Mention Substandard Doubtful Total December 31, 2017 Commercial Commercial Business $ 371,041 $ 4,816 $ 4,506 $ — $ 380,363 Commercial Real Estate 271,751 22,995 5,961 1,149 301,856 Acquisition & Development 96,712 931 2,230 1,817 101,690 Total Commercial 739,504 28,742 12,697 2,966 783,909 Residential 242,823 3,036 223 132 246,214 Home Equity 61,037 1,311 52 — 62,400 Consumer 12,453 174 25 131 12,783 Total Loans $ 1,055,817 $ 33,263 $ 12,997 $ 3,229 $ 1,105,306 December 31, 2016 Commercial Commercial Business $ 376,734 $ 2,933 $ 6,833 $ 69 $ 386,569 Commercial Real Estate 240,851 26,340 3,532 737 271,460 Acquisition & Development 90,875 1,905 2,584 3,226 98,590 Total Commercial 708,460 31,178 12,949 4,032 756,619 Residential 212,869 1,664 787 132 215,452 Home Equity 64,706 582 98 — 65,386 Consumer 14,134 302 13 62 14,511 Total Loans $ 1,000,169 $ 33,726 $ 13,847 $ 4,226 $ 1,051,968 Management further monitors the performance and credit quality of the loan portfolio by analyzing the age of the portfolio as determined by the length of time a recorded payment is past due. A loan that has deteriorated and requires additional collection efforts by the Bank could warrant non-accrual status. A thorough review is presented to the Chief Credit Officer and or the Management Loan Committee ("MLC"), as required with respect to any loan which is in a collection process and to make a determination as to whether the loan should be placed on non-accrual status. The placement of loans on non-accrual status is subject to applicable regulatory restrictions and guidelines. Generally, loans should be placed in non-accrual status when the loan reaches 90 days past due, when it becomes likely the borrower cannot or will not make scheduled principal or interest payments, when full repayment of principal and interest is not expected, or when the loan displays potential loss characteristics. Normally, all accrued interest is charged off when a loan is placed in non-accrual status, unless Management believes it is likely the accrued interest will be collected. Any payments subsequently received are applied to principal. To remove a loan from non-accrual status, all principal and interest due must be paid up to date and the Bank is reasonably sure of future satisfactory payment performance. Usually, this requires a six -month recent history of payments due. Removal of a loan from non-accrual status will require the approval of the Chief Credit Officer and or MLC. The following table presents the classes of the loan portfolio summarized by aging categories of performing loans and nonaccrual loans as of December 31, 2017 and 2016 : (Dollars in thousands) Current 30-59 Days Past Due 60-89 Days Past Due 90+ Days Past Due Total Past Due Total Loans Non-Accrual 90+ Days Still Accruing December 31, 2017 Commercial Commercial Business $ 377,901 $ 512 $ 1,368 $ 582 $ 2,462 $ 380,363 $ 1,027 $ — Commercial Real Estate 300,282 45 1,149 380 1,574 301,856 5,206 — Acquisition & Development 99,573 — 874 1,243 2,117 101,690 2,117 — Total Commercial 777,756 557 3,391 2,205 6,153 783,909 8,350 — Residential 243,177 1,879 707 451 3,037 246,214 1,157 — Home Equity 61,907 240 240 13 493 62,400 13 — Consumer 12,634 11 — 138 149 12,783 179 — Total Loans $ 1,095,474 $ 2,687 $ 4,338 $ 2,807 $ 9,832 $ 1,105,306 $ 9,699 $ — December 31, 2016 Commercial Commercial Business $ 386,311 $ 15 $ 169 $ 74 $ 258 $ 386,569 $ 74 $ — Commercial Real Estate 270,339 229 — 892 1,121 271,460 1,375 — Acquisition & Development 96,014 — — 2,576 2,576 98,590 3,526 — Total Commercial 752,664 244 169 3,542 3,955 756,619 4,975 — Residential 212,502 2,067 419 464 2,950 215,452 1,072 — Home Equity 64,791 525 — 70 595 65,386 104 — Consumer 14,354 55 34 68 157 14,511 78 — Total Loans $ 1,044,311 $ 2,891 $ 622 $ 4,144 $ 7,657 $ 1,051,968 $ 6,229 $ — An allowance for loan losses (“ALL”) is maintained to absorb losses from the loan portfolio. The ALL is based on management’s continuing evaluation of the risk characteristics and credit quality of the loan portfolio, assessment of current economic conditions, diversification and size of the portfolio, adequacy of collateral, past and anticipated loss experience, and the amount of non-performing loans. Interest income on loans would have increased by approximately $423 thousand , $396 thousand and $639 thousand for 2017 , 2016 and 2015 , respectively, if loans had performed in accordance with their terms. The Bank’s methodology for determining the ALL is based on the requirements of ASC Section 310-10-35 for loans individually evaluated for impairment (discussed above) and ASC Subtopic 450-20 for loans collectively evaluated for impairment, as well as the Interagency Policy Statements on the Allowance for Loan and Lease Losses and other bank regulatory guidance. The total of the two components represents the Bank’s ALL. As of the quarter ended September 30, 2017, the Bank adjusted its methodology to allow for the analysis of certain impaired loans in homogeneous pools, rather than on an individual basis, when those loans are below specific thresholds based on outstanding principal balance. More specifically, residential mortgage loans, home equity lines of credit, and consumer loans, when considered impaired, are evaluated collectively for impairment by applying allocation rates derived from the Bank’s historical losses specific to impaired loans and the reserve totaled $1.3 million and $0 as of December 31, 2017 and 2016. Loans that are collectively evaluated for impairment are analyzed with general allowances being made as appropriate. For general allowances, historical loss trends are used in the estimation of losses in the current portfolio. These historical loss amounts are modified by qualified factors. The segments described above, which are based on the Federal call code assigned to each loan, provide the starting point for the ALL analysis. Company and bank management tracks the historical net charge-off activity at the call code level. A historical charge-off factor is calculated utilizing a defined number of consecutive historical quarters. All pools currently utilize a rolling 12 quarters. “Pass” rated credits are segregated from “Criticized” credits for the application of qualitative factors. Loans in the criticized pools, which possess certain qualities or characteristics that may lead to collection and loss issues, are closely monitored by management and subject to additional qualitative factors. Company and Bank management have identified a number of additional qualitative factors which it uses to supplement the historical charge-off factor because these factors are likely to cause estimated credit losses associated with the existing loan pools to differ from historical loss experience. The additional factors that are evaluated quarterly and updated using information obtained from internal, regulatory, and governmental sources are: lending policies and procedures, nature and volume of the portfolio, experience and ability of lending management and staff, volume and severity of problem credits, conclusion of loan reviews, audits, and exams, changes in the value of underlying collateral, effect of concentrations of credit from a loan type, industry and/or geographic standpoint, changes in economic and business conditions, consumer sentiment, and other external factors. The combination of historical charge-off and qualitative factors are then weighted for each risk grade. These weightings are determined internally based upon the likelihood of loss as a loan risk grading deteriorates. To estimate the liability for off-balance sheet credit exposures, Bank management analyzed the portfolios of letters of credit, non-revolving lines of credit, and revolving lines of credit, and based its calculation on the expectation of future advances of each loan category. Letters of credit were determined to be highly unlikely to advance since they are generally in place only to ensure various forms of performance of the borrowers. In the Bank’s history, there have been no letters of credit drawn upon. In addition, many of the letters of credit are cash secured and do not warrant an allocation. Non-revolving lines of credit were determined to be highly likely to advance as these are typically construction lines. Meanwhile, the likelihood of revolving lines of credit advancing varies with each individual borrower. Therefore, the future usage of each line was estimated based on the average line utilization of the revolving line of credit portfolio as a whole. Once the estimated future advances were calculated, an allocation rate, which was derived from the Bank’s historical losses and qualitative environmental factors, was applied in the similar manner as those used for the allowance for loan loss calculation. The resulting estimated loss allocations were totaled to determine the liability for unfunded commitments related to these loans, which Management considers necessary to anticipate potential losses on those commitments that have a reasonable probability of funding. The liability for unfunded commitments was $284 thousand as of December 31, 2017 and 2016 . Bank management reviews the loan portfolio on a quarterly basis using a defined, consistently applied process in order to make appropriate and timely adjustments to the ALL. When information confirms all or part of specific loans to be uncollectible, these amounts are promptly charged off against the ALL. The following tables summarize the primary segments of the ALL, segregated into the amount required for loans individually evaluated for impairment and the amount required for loans collectively evaluated for impairment as of December 31, 2017 , 2016 , and 2015 . Activity in the allowance is presented for the periods indicated: (Dollars in thousands) Commercial Residential Home Equity Consumer Total ALL balance at December 31, 2016 $ 7,181 $ 990 $ 728 $ 202 $ 9,101 Charge-offs (1,138 ) (141 ) (109 ) (109 ) (1,497 ) Recoveries 39 40 4 18 101 Provision 1,722 230 82 139 2,173 ALL balance at December 31, 2017 $ 7,804 $ 1,119 $ 705 $ 250 $ 9,878 Individually evaluated for impairment $ 1,172 $ — $ — $ 16 $ 1,188 Collectively evaluated for impairment $ 6,632 $ 1,119 $ 705 $ 234 $ 8,690 (Dollars in thousands) Commercial Residential Home Equity Consumer Total ALL balance at December 31, 2015 $ 6,066 $ 1,095 $ 715 $ 130 $ 8,006 Charge-offs (1,995 ) (124 ) (100 ) (338 ) (2,557 ) Recoveries 8 2 9 1 20 Provision 3,102 17 104 409 3,632 ALL balance at December 31, 2016 $ 7,181 $ 990 $ 728 $ 202 $ 9,101 Individually evaluated for impairment $ 376 $ 122 $ 36 $ 9 $ 543 Collectively evaluated for impairment $ 6,805 $ 868 $ 692 $ 193 $ 8,558 (Dollars in thousands) Commercial Residential Home Equity Consumer Total ALL balance at December 31, 2014 $ 4,363 $ 962 $ 691 $ 207 $ 6,223 Charge-offs (708 ) (28 ) (5 ) (6 ) (747 ) Recoveries 20 2 4 11 37 Provision 2,391 159 25 (82 ) 2,493 ALL balance at December 31, 2015 $ 6,066 $ 1,095 $ 715 $ 130 $ 8,006 Individually evaluated for impairment $ 708 $ 276 $ 28 $ 1 $ 1,013 Collectively evaluated for impairment $ 5,358 $ 819 $ 687 $ 129 $ 6,993 The allowance for loan losses is based on estimates, and actual losses will vary from current estimates. Management believes that the granularity of the homogeneous pools and the related historical loss ratios and other qualitative factors, as well as the consistency in the application of assumptions, result in an ALL that is representative of the risk found in the components of the portfolio at any given date. Troubled Debt Restructurings The restructuring of a loan is considered a troubled debt restructuring (“TDR”) if both (i) the borrower is experiencing financial difficulties and (ii) the creditor has granted a concession. Concessions may include interest rate reductions or below market interest rates, principal forgiveness, restructuring amortization schedules and other actions intended to minimize potential losses. At December 31, 2017 and 2016 , the Bank had specific reserve allocations for TDR’s of $439 thousand and $348 thousand , respectively. Loans considered to be troubled debt restructured loans totaled $6.4 million and $8.8 million as of December 31, 2017 and December 31, 2016 , respectively. Of these totals, $5.9 million and $5.9 million , respectively, represent accruing troubled debt restructured loans and represent 38% and 49% , respectively of total impaired loans. Meanwhile, as of December 31, 2017, $432 thousand represent two loans to one borrower that have defaulted under the restructured terms. Both loans are commercial acquisition and development loans that were considered TDR's due to extended interest only periods and/or unsatisfactory repayment structures once transitioned to principal and interest payments. These borrowers have experienced continued financial difficulty and are considered non-performing loans as of December 31, 2017. These two loans, in addition to a third loan to a second borrower that defaulted under the restructured terms, totaled $2.3 million as of December 31, 2016. All three loans are commercial acquisition and development loans that were considered TDR's due to extended interest only periods and/or unsatisfactory repayment structures once transitioned to principal and interest payments. These borrowers have experienced continued financial difficulty and are considered non-performing loans as of December 31, 2016. Two additional restructured loans, a $214 thousand commercial real estate loan and a $348 thousand mortgage loan, were considered non-performing as of December 31, 2016. Both of these were also considered TDR's due to interest only periods and/or unsatisfactory repayment structures. The following table presents details related to loans identified as Troubled Debt Restructurings during the years ended December 31, 2017 and 2016 . New TDR's 1 December 31, 2017 December 31, 2016 (Dollars in thousands) Number of Contracts Pre-Modification Outstanding Recorded Investment Post-Modification Outstanding Recorded Investment Number of Contracts Pre-Modification Outstanding Recorded Investment Post-Modification Outstanding Recorded Investment Commercial Commercial Business 1 $ 147 $ 147 — $ — $ — Commercial Real Estate — — — — — — Acquisition & Development — — — — — — Total Commercial 1 147 147 — — — Residential — — — — — — Home Equity — — — — — — Consumer — — — — — — Total 1 $ 147 $ 147 — $ — $ — 1 The pre-modification and post-modification balances represent the balances outstanding immediately before and after modification of the loan.

PREMISES AND EQUIPMENT

PREMISES AND EQUIPMENT	12 Months Ended
	Dec. 31, 2017
Property, Plant and Equipment [Abstract]
PREMISES AND EQUIPMENT	PREMISES AND EQUIPMENT Premises and equipment at December 31, were as follows: (Dollars in thousands) 2017 2016 Land $ 3,901 $ 3,965 Buildings and improvements 17,358 16,906 Furniture, fixtures and equipment 14,864 12,127 Construction in progress 855 608 Leasehold improvements 1,530 1,345 38,508 34,951 Accumulated depreciation (11,822 ) (9,870 ) Net premises and equipment $ 26,686 $ 25,081 In December 2017, the Bank closed and sold the land, building and certain furniture and equipment items from a branch located at 704 Foxcroft Avenue, Martinsburg, WV for a gain on sale of fixed assets of $343 thousand , which is included in other operating income on the Consolidated Statements of Income. Depreciation expense amounted to $2.6 million , $2.0 million and $2.0 million for 2017 , 2016 and 2015 , respectively.

DEPOSITS

DEPOSITS	12 Months Ended
	Dec. 31, 2017
Deposits [Abstract]
DEPOSITS	DEPOSITS Deposits at December 31, were as follows: (Dollars in thousands) 2017 2016 Demand deposits of individuals, partnerships, and corporations Noninterest bearing demand $ 125,963 $ 115,692 Interest bearing demand 436,303 414,031 Savings and money markets 284,795 280,533 Time deposits including CDs and IRAs 312,519 296,761 Total deposits $ 1,159,580 $ 1,107,017 Time deposits that meet or exceed the FDIC insurance limit $ 18,832 $ 18,727 Maturities of time deposits at December 31, 2017 were as follows (Dollars in thousands): 2018 $ 169,220 2019 61,254 2020 36,758 2021 12,268 2022 33,019 Total $ 312,519

BORROWED FUNDS

BORROWED FUNDS	12 Months Ended
	Dec. 31, 2017
Debt Disclosure [Abstract]
BORROWED FUNDS	BORROWED FUNDS The Bank is a member of the Federal Home Loan Bank (“FHLB”) of Pittsburgh, Pennsylvania. The remaining maximum borrowing capacity with the FHLB at December 31, 2017 was approximately $199.8 million . At December 31, 2017 and 2016 the Bank had borrowed $152.2 million and $90.9 million . As of December 31, 2017 , our maximum borrowing capacity with the FHLB was $434.0 million . Short-term borrowings Along with traditional deposits, the Bank has access to short-term borrowings from FHLB to fund its operations and investments. Short-term borrowings from FHLB totaled $149.6 million at December 31, 2017 , compared to $87.7 million at year-end 2016 . Information related to short-term borrowings is summarized as follows: (Dollars in thousands) 2017 2016 2015 Balance at end of year $ 149,596 $ 87,733 $ 179,917 Average balance during the year 100,969 137,822 121,425 Maximum month-end balance 220,097 210,600 179,917 Weighted-average rate during the year 1.16 % 0.51 % 0.34 % Weighted-average rate at December 31 1.61 % 0.74 % 0.44 % Repurchase agreements Along with traditional deposits, the Bank has access to securities sold under agreements to repurchase “repurchase agreements” with customers represent funds deposited by customers, on an overnight basis, that are collateralized by investment securities owned by the Company. Repurchase agreements with customers are included in borrowings section on the consolidated balance sheets. All repurchase agreements are subject to terms and conditions of repurchase/security agreements between the Company and the client and are accounted for as secured borrowings. The Company's repurchase agreements reflected in liabilities consist of customer accounts and securities which are pledged on an individual security basis. The Company monitors the fair value of the underlying securities on a monthly basis. Repurchase agreements are reflected at the amount of cash received in connection with the transaction and included in Securities sold under agreements to repurchase on the consolidated balance sheets. The primary risk with our repurchase agreements is market risk associated with the investments securing the transactions, as we may be required to provide additional collateral based on fair value changes of the underlying investments. Securities pledged as collateral under repurchase agreements are maintained with our safekeeping agents. All of the Company’s repurchase agreements were overnight agreements at December 31, 2017 and December 31, 2016 . These borrowings were collateralized with investment securities with a carrying value of $23.1 million and $26.0 million at December 31, 2017 and December 31, 2016 , respectively, and were comprised of U.S. Government Agencies and Mortgage backed securities. Declines in the value of the collateral would require the Company to increase the amounts of securities pledged. Repurchase agreements totaled $22.4 million at December 31, 2017 , compared to $25.2 million in 2016 . Information related to repurchase agreements is summarized as follows: (Dollars in thousands) 2017 2016 2015 Balance at end of year $ 22,403 $ 25,160 $ 27,437 Average balance during the year 25,160 27,066 26,884 Maximum month-end balance 25,972 29,561 32,470 Weighted-average rate during the year 0.30 % 0.27 % 0.31 % Weighted-average rate at December 31 0.34 % 0.28 % 0.30 % Long-term notes from the FHLB as of December 31, were as follows: (Dollars in thousands) 2017 2016 Fixed interest rate notes, originating between October 2006 and April 2007, due between October 2021 and April 2022, interest of between 5.18% and 5.20% payable monthly $ 1,798 $ 2,390 Amortizing fixed interest rate note, originating February 2007, due February 2022, payable in monthly installments of $5 thousand, including interest of 5.22% 775 798 $ 2,573 $ 3,188 Subordinated Debt Information related to subordinated debt is summarized as follows: (Dollars in thousands) 2017 2016 2015 Balance at end of year $ 33,524 $ 33,524 $ 33,524 Average balance during the year 33,524 33,524 33,524 Maximum month-end balance 33,524 33,524 33,524 Weighted-average rate during the year 6.69 % 6.64 % 6.57 % Weighted-average rate at December 31 6.70 % 6.63 % 6.57 % In March 2007 , the Company completed the private placement of $4 million Floating Rate, Trust Preferred Securities through its MVB Financial Statutory Trust I subsidiary (the “Trust”). The Company established the Trust for the sole purpose of issuing the Trust Preferred Securities pursuant to an Amended and Restated Declaration of Trust. The proceeds from the sale of the Trust Preferred Securities will be loaned to the Company under subordinated Debentures (the “Debentures”) issued to the Trust pursuant to an Indenture. The Debentures are the only asset of the Trust. The Trust Preferred Securities have been issued to a pooling vehicle that will use the distributions on the Trust Preferred Securities to securitize note obligations. The securities issued by the Trust are includable for regulatory purposes as a component of the Company’s Tier 1 capital. The Trust Preferred Securities and the Debentures mature in 2037 and have been redeemable by the Company since 2012 . Interest payments are due in March, June, September and December and are adjusted at the interest due dates at a rate of 1.62% over the three-month LIBOR Rate. The obligations of the Company with respect to the issuance of the trust preferred securities constitute a full and unconditional guarantee by the Company of the Trust's obligations with respect to the trust preferred securities to the extent set forth in the related guarantees. On June 30, 2014 , the Company issued its Convertible Subordinated Promissory Notes Due 2024 (the “Notes”) to various investors in the aggregate principal amount of $29,400,000 . The Notes were issued in $100,000 increments per Note subject to a minimum investment of $1,000,000 . The Notes expire 10 years after the initial issuance date of the Notes (the “Maturity Date”). Interest on the Notes accrues on the unpaid principal amount of each Note (paid quarterly in arrears on January 1, April 1, July 1 and October 1 of each year) which rate shall be dependent upon the principal invested in the Notes and the holder’s ownership of common stock in the Company. For investments of less than $3,000,000 in Notes, an ownership of Company common stock representing at least 30% of the principal of the Notes acquired, the interest rate on the Notes is 7% per annum. For investments of $3,000,000 or greater in Notes and ownership of the Company’s common stock representing at least 30% of the principal of the Notes acquired, the interest rate on the Notes is 7.5% per annum. For investments of $10,000,000 or greater, the interest rate on the Notes is 7% per annum, regardless of whether the holder owns or acquires MVB common stock. The principal on the Notes shall be paid in full at the Maturity Date. On the fifth anniversary of the issuance of the Notes, a holder may elect to continue to receive the stated fixed rate on the Notes or a floating rate determined by LIBOR plus 5% up to a maximum rate of 9% , adjusted quarterly. The Notes are unsecured and subject to the terms and conditions of any senior debt and after consultation with the Board of Governors of the Federal Reserve System, the Company may, after the Notes have been outstanding for five years , and without premium or penalty, prepay all or a portion of the unpaid principal amount of any Note together with the unpaid interest accrued on such portion of the principal amount of such Note. All such prepayments shall be made pro rata among the holders of all outstanding Notes. At the election of a holder, any or all of the Notes may be converted into shares of common stock during the 30 day period after the first, second, third, fourth, and fifth anniversaries of the issuance of the Notes or upon a notice to prepay by the Company. On December 28, 2017, the Company distributed notices to the holders of the Notes that provide that the Company has elected to waive the timing requirements associated with when a conversion may occur and, instead, the Company will accept notices of conversion at any time prior to July 1, 2019, which is the final conversion date for the Notes. The Notes will convert into common stock based on $16 per share of the Company’s common stock. The conversion price will be subject to anti-dilution adjustments for certain events such as stock splits, reclassifications, non-cash distributions, extraordinary cash dividends, pro rata repurchases of common stock, and business combination transactions. The Company must give 20 days ’ notice to the holders of the Company’s intent to prepay the Notes, so that holders may execute the conversion right set forth above if a holder so desires. Repayment of the Notes is subordinated to the Company’s outstanding senior debt including (if any) without limitation, senior secured loans. No payment will be made by the Company, directly or indirectly, on the Notes, unless and until all of the senior debt then due has been paid in full. Notwithstanding the foregoing, so long as there exists no event of default under any senior debt, the Company would make, and a holder would receive and retain for the holder’s account, regularly scheduled payments of accrued interest and principal pursuant to the terms of the Notes. The Company must obtain a consent of the holders of the Notes prior to issuing any new senior debt in excess of $15,000,000 after the date of issuance of the Notes and prior to the Maturity Date. An event of default will occur upon the Company’s bankruptcy or any failure to pay interest, principal, or other amounts owing on the Notes when due. Upon the occurrence and during the continuance of an event of default (but subject to the subordination provisions of the Notes) the holders of a majority of the outstanding principal amount of the Notes may declare all or any portion of the outstanding principal amount of the Notes due and payable and demand immediate payment of such amount. The Notes are redeemable, in whole or in part, at a redemption price equal to 100% of the principal amount of the Notes to be redeemed on any interest payment date after a date five years from the original issue date. The Company reflects subordinated debt in the amount of $33.5 million as of December 31, 2017 and December 31, 2016 and interest expense of $2.2 million for each of the years ended December 31, 2017 , 2016 and 2015 . A summary of maturities of borrowings and subordinated debt over the next five years is as follows (dollars in thousands): Year Amount 2018 149,677 2019 85 2020 90 2021 886 2022 1,431 Thereafter 33,524 $ 185,693

COMMITMENTS AND CONTINGENT LIAB

COMMITMENTS AND CONTINGENT LIABILITIES	12 Months Ended
	Dec. 31, 2017
Commitments and Contingencies Disclosure [Abstract]
COMMITMENTS AND CONTINGENT LIABILITIES	COMMITMENTS AND CONTINGENT LIABILITIES Commitments The Company is a party to financial instruments with off-balance-sheet risk in the normal course of business to meet the financing needs of its customers. These financial instruments include commitments to extend credit and standby letters of credit. These instruments involve, to varying degrees, elements of credit and interest rate risk in excess of the amounts recognized in the statements of financial condition. The Company’s exposure to credit loss in the event of nonperformance by the other party to the financial instruments for commitments to extend credit and standby letters of credit is represented by the contractual amount of those instruments. The Company uses the same credit policies in making commitments and conditional obligations as it does for on-balance-sheet instruments. Commitments to extend credit are agreements to lend to a customer as long as there is no violation of any condition established in the contract. Commitments generally have fixed expiration dates or other termination clauses and may require payment of a fee. Since many of the commitments are expected to expire without being drawn upon, the total commitment amounts do not necessarily represent future cash requirements. The Company evaluates each customer’s credit worthiness on a case-by-case basis. The amount and type of collateral obtained, if deemed necessary by the Company upon extension of credit, varies and is based on management’s credit evaluation of the customer. Standby letters of credit are conditional commitments issued by the Company to guarantee the performance of a customer to a third party. Standby letters of credit generally have fixed expiration dates or other termination clauses and may require payment of a fee. The credit risk involved in issuing letters of credit is essentially the same as that involved in extending loans to customers. The Company’s policy for obtaining collateral, and the nature of such collateral, is essentially the same as that involved in making commitments to extend credit. Specifically, the Bank has entered into agreements to extend credit or provide conditional payments pursuant to standby and commercial letters of credit. In addition, the Bank utilizes letters of credit issued by the FHLB to collateralize certain public funds deposits. Total contractual amounts of the commitments as of December 31, were as follows: (Dollars in thousands) 2017 2016 Available on lines of credit $ 327,647 $ 255,469 Stand-by letters of credit 12,297 13,387 Other loan commitments 1,396 1,819 $ 341,340 $ 270,675 Concentration of Credit Risk The Company grants a majority of its commercial, financial, agricultural, real estate and installment loans to customers throughout the Marion, Harrison, Monongalia, Kanawha, Jefferson and Berkeley County areas of West Virginia as well as the Northern Virginia area and adjacent counties. Collateral for loans is primarily residential and commercial real estate, personal property, and business equipment. The Company evaluates the credit worthiness of each of its customers on a case-by-case basis, and the amount of collateral it obtains is based upon management’s credit evaluation. Regulatory The Company is required to maintain certain reserve balances on hand in accordance with the Federal Reserve Board requirements. The average balance maintained in accordance with such requirements was $0 on December 31, 2017 and 2016 . During 2016, a deposit reclassification program was implemented and allowed the Company to reduce its requirement of reserve balances on hand in accordance with the Federal Reserve Board the daily Federal Reserve Requirement. Contingent Liability The subsidiary bank is involved in various legal actions arising in the ordinary course of business. In the opinion of management and counsel, the outcome of these matters will not have a significant adverse effect on the consolidated financial statements.

INCOME TAXES

INCOME TAXES	12 Months Ended
	Dec. 31, 2017
Income Tax Disclosure [Abstract]
INCOME TAXES	INCOME TAXES The amount reflected as income taxes represents federal and state income taxes on financial statement income. Certain items of income and expense, primarily the provision for possible loan losses, allowance for losses on foreclosed assets held for resale, depreciation, and accretion of discounts on investment securities are reported in different accounting periods for income tax purposes. The provisions for income taxes for the years ended December 31, were as follows: (Dollars in thousands) 2017 2016 2015 Current: Federal $ 2,635 $ 4,885 $ 2,830 State 771 1,197 591 $ 3,406 $ 6,082 $ 3,421 Deferred expense (benefit) Federal $ 1,268 $ 665 $ (371 ) State 81 42 (24 ) 1,349 707 (395 ) Income tax expense (benefit) $ 4,755 $ 6,789 $ 3,026 Income tax expense for 2017 was impacted by the adjustment of the Company's deferred tax asset related to the reduction in U.S. federal statutory income tax rate to 21% under the Tax Reform Act, which was signed into law on December 22, 2017. The Company was required to revalue its net deferred tax asset to this lower rate, resulting in a income tax charge of $646 thousand . Following is a reconciliation of income taxes at federal statutory rates to recorded income taxes for the year ended December 31 : 2017 2016 2015 (Dollars in thousands) Amount % Amount % Amount % Tax at Federal tax rate $ 4,369 34 % $ 6,689 34 % $ 3,346 34 % Tax effect of: State income tax 771 6.0 % 1,197 6.0 % 246 2.5 % Tax exempt earnings (1,031 ) (6.4 )% (1,097 ) (5.5 )% (566 ) (5.8 )% Impact of deferred tax rate change $ 646 5.0 % $ — — % $ — — % $ 4,755 38.6 % $ 6,789 34.5 % $ 3,026 30.7 % Deferred tax assets and liabilities are the result of timing differences in recognition of revenue and expense for income tax and financial statement purposes. As a result of the Tax Reform Act signed into law on December 22, 2017, deferred taxes as of December 31, 2017 are based on the newly enacted U.S. statutory federal income tax rate of 21%. Deferred taxes as of December 31, 2016 are based on the previously enacted U.S. statutory federal income tax rate of 34%. Deferred income tax assets and (liabilities) were comprised of the following at December 31 : (Dollars in thousands) 2017 2016 Allowance for loan losses $ 2,798 $ 2,641 Minimum pension liability 1,342 1,786 Unrealized loss on securities available-for-sale 2 1,066 Gross deferred tax assets 4,142 5,493 Depreciation (1,137 ) (1,352 ) Pension (21 ) (6 ) Goodwill (1,523 ) (465 ) Gross deferred tax liabilities (2,681 ) (1,823 ) Net deferred tax asset $ 1,461 $ 3,670 No deferred income tax valuation allowance is provided since it is more likely than not that realization of the deferred income tax asset will occur in future years. Among other things, the new tax law (i) establishes a new, flat corporate federal statutory income tax rate of 21%, (ii) eliminates the corporate alternative minimum tax and allows the use of any such carryforwards to offset regular tax liability for any taxable year, (iii) limits the deduction for net interest expense incurred by U.S. corporations, (iv) allows businesses to immediately expense, for tax purposes, the cost of new investments in certain qualified depreciable assets, (v) eliminates or reduces certain deductions related to meals and entertainment expenses, (vi) modifies the limitation on excessive employee remuneration to eliminate the exception for performance-based compensation and clarifies the definition of a covered employee and (vii) limits the deductibility of deposit insurance premiums. As stated above, as a result of the enactment of the Tax Reform Act on December 22, 2017, the Company remeasured its net deferred tax asset based upon the newly enacted U.S. statutory federal income tax rate of 21%, which is the tax rate at which this asset is expected to reverse in the future. Notwithstanding the foregoing, the Company is still analyzing certain aspects of the new law and refining its calculations, which could affect the measurement of these assets and liabilities or give rise to new deferred tax amounts. Nonetheless, the Company recognized an income tax charge of $646 thousand in 2017. The remeasurement of the deferred tax asset related to items that are charged or credited directly to AOCI was a component of 2017 income tax expense and recognized in continuing operations as required by ASC Topic 740. The Company prescribes a recognition threshold and a measurement attribute for the financial statement recognition and measurement of a tax position taken or expected to be taken in a tax return. Benefits from tax positions should be recognized in the financial statements only when it is more likely than not that the tax position will be sustained upon examination by the appropriate taxing authority that would have full knowledge of all relevant information. A tax position that meets the more-likely-than-not recognition threshold is measured at the largest amount of benefit that is greater than 50 percent likely of being realized upon ultimate settlement. Tax positions that previously failed to meet the more-likely-than-not recognition threshold should be recognized in the first subsequent financial reporting period in which that threshold is met. Previously recognized tax positions that no longer meet the more-likely-than-not recognition threshold should be derecognized in the first subsequent financial reporting period in which that threshold is no longer met. There is currently no liability for uncertain tax positions and no known unrecognized tax benefits. With limited exception, the Company’s federal and state income tax returns for taxable years through 2014 have been closed for purposes of examination by the federal and state taxing jurisdictions.

RELATED PARTY TRANSACTIONS

RELATED PARTY TRANSACTIONS	12 Months Ended
	Dec. 31, 2017
Related Party Transactions [Abstract]
RELATED PARTY TRANSACTIONS	RELATED PARTY TRANSACTIONS The Company has granted loans to officers and directors of the Company and to their associates as well as loans to related companies. These related party loans are made on substantially the same terms, including interest rates and collateral, as those prevailing at the time for comparable transactions with unrelated parties and do not involve more than normal risk of collectability. Set forth below is a summary of the related loan activity. (Dollars in thousands) Balance at Beginning of Year Borrowings Executive Officer and Director Retirements Repayments Balance at End of Year December 31, 2017 $ 28,536 $ 129,947 $ (525 ) $ (139,300 ) $ 18,658 December 31, 2016 $ 42,840 $ 251,708 $ (7,194 ) $ (258,818 ) $ 28,536 The Company held related party deposits of $17.1 million and $17.8 million at December 31, 2017 and December 31, 2016 , respectively. The Company held no related party repurchase agreements at December 31, 2017 and December 31, 2016 .

PENSION PLAN

PENSION PLAN	12 Months Ended
	Dec. 31, 2017
Retirement Benefits [Abstract]
PENSION PLAN	PENSION PLAN The Company participates in a trusteed pension plan known as the Allegheny Group Retirement Plan covering virtually all full-time employees. Benefits are based on years of service and the employee's compensation. Accruals under the Plan were frozen as of May 31, 2014 . Freezing the plan resulted in a re-measurement of the pension obligations and plan assets as of the freeze date. The pension obligation was re-measured using the discount rate based on the Citigroup Above Median Pension Discount Curve in effect on May 31, 2014 of 4.46% . On June 19, 2017, the Company and MVB Mortgage approved a Supplemental Executive Retirement Plan (“SERP”), pursuant to which the Chief Executive Office of MVB Mortgage is entitled to receive certain supplemental nonqualified retirement benefits. The SERP shall take effect on December 31, 2017. Pension expense was $256 thousand , $273 thousand and $256 thousand in 2017 , 2016 and 2015 , respectively. Information pertaining to the activity in the Company’s defined benefit plan, using the latest available actuarial valuations with a measurement date of December 31, 2017 and 2016 is as follows: (Dollars in thousands) 2017 2016 Change in benefit obligation Benefit obligation at beginning of year $ 9,021 $ 8,662 Service cost — — Interest cost 360 367 Actuarial loss 95 4 Assumption changes 775 179 Curtailment impact — — Benefits paid (193 ) (191 ) Benefit obligation at end of year $ 10,058 $ 9,021 Change in plan assets: Fair value of plan assets at beginning of year $ 4,573 $ 4,486 Actual return on plan assets 467 96 Employer contribution 319 182 Benefits paid (193 ) (191 ) Fair value of plan assets at end of year $ 5,166 $ 4,573 Funded status $ (4,892 ) $ (4,448 ) Unrecognized net actuarial loss 4,972 4,464 Unrecognized prior service cost — — Prepaid pension cost recognized $ 80 $ 16 Accumulated benefit obligation $ 10,058 $ 9,021 At December 31, 2017 , 2016 and 2015 , the weighted average assumptions used to determine the benefit obligation are as follows: 2017 2016 2015 Discount rate 3.55 % 4.05 % 4.30 % Rate of compensation increase n/a n/a n/a The components of net periodic pension cost are as follows: (Dollars in thousands) 2017 2016 2015 Service cost $ — $ — $ — Interest cost 360 367 315 Expected return on plan assets (345 ) (330 ) (316 ) Amortization of prior service costs — — — Amortization of net actuarial loss 241 236 257 Net periodic pension cost $ 256 $ 273 $ 256 For the years December 31, 2017 , 2016 and 2015 , the weighted average assumptions used to determine net periodic pension cost are as follows: 2017 2016 2015 Discount rate 4.05 % 4.30 % 3.90 % Expected long-term rate of return on plan assets 6.75 % 6.75 % 6.75 % Rate of compensation increase n/a n/a n/a The Company’s pension plan asset allocations at December 31, 2017 and 2016 , as well as target allocations for 2017 are as follows: 12/31/2017 12/31/2016 Plan Assets Cash 9 % 16 % Fixed income 23 % 28 % Alternative investments 13 % 9 % Domestic equities 32 % 28 % Foreign equities 23 % 19 % Total 100 % 100 % The estimated net loss (gain) for the plan that are expected to be amortized from accumulated other comprehensive income into net periodic benefit cost over the next fiscal year is $306 thousand . The following table sets forth by level, within the fair value hierarchy, as defined in Note 18, "Fair Value Measurements" of the Notes to the Consolidated Financial Statements included in Item 8, Financial Statements and Supplementary Data, of this Annual Report on Form 10-K, the Plan’s assets at fair value as of December 31, 2017 . (Dollars in thousands) Level I Level II Level III Total Assets: Cash $ 465 $ — $ — $ 465 Fixed income 1,188 — — 1,188 Alternative investments — — 672 672 Domestic equities 1,653 — — 1,653 Foreign equities 1,188 — — 1,188 Total assets at fair value $ 4,494 $ — $ 672 $ 5,166 The following table sets forth by level, within the fair value hierarchy, as defined in Note 18, "Fair Value Measurements" of the Notes to the Consolidated Financial Statements included in Item 8, Financial Statements and Supplementary Data, of this Annual Report on Form 10-K, the Plan’s assets at fair value as of December 31, 2016 . (Dollars in thousands) Level I Level II Level III Total Assets: Cash $ 732 $ — $ — $ 732 Fixed income 1,280 — — 1,280 Alternative investments — — 412 412 Domestic equities 1,280 — — 1,280 Foreign equities 869 — — 869 Total assets at fair value $ 4,161 $ — $ 412 $ 4,573 Investment in government securities and short-term investments are valued at the closing price reported on the active market on which the individual securities are traded. Alternative investments and investment in debt securities are valued at quoted prices which are available but traded less frequently, and items that are fair valued using other financial instruments, the parameters of which can be directly observed. The methods described above may produce a fair value calculation that may not be indicative of net realizable value or reflective of future fair values. Furthermore, while the Plan believes its valuation methods are appropriate and consistent with other market participants, the use of different methodologies or assumptions to determine the fair value of certain financial instruments could result in a different fair value measurement at the reporting date. Below we show the best estimate of the plan contribution for next fiscal year. We also show the benefits expected to be paid in each of the next five fiscal years, and in the aggregate for the five fiscal years thereafter. (Dollars in thousands) Cash Flow Contributions for the period of 01/01/18 through 12/31/18 $ 416 Estimated future benefit payments reflecting expected future service 2018 $ 251 2019 $ 259 2020 $ 283 2021 $ 299 2022 $ 308 2023 through 2027 $ 2,129

GOODWILL AND OTHER INTANGIBLE A

GOODWILL AND OTHER INTANGIBLE ASSETS	12 Months Ended
	Dec. 31, 2017
Goodwill and Intangible Assets Disclosure [Abstract]
GOODWILL AND OTHER INTANGIBLE ASSETS	GOODWILL AND OTHER INTANGIBLE ASSETS The table below summarizes the changes in carrying amounts of goodwill and other intangibles (core deposit intangibles) for the periods presented: Core Deposit Intangible (Dollars in thousands) Goodwill Gross Accumulated Depreciation Net Balance at January 1, 2017 $ 18,480 $ 1,006 $ (262 ) $ 744 Amortization expense — — (98 ) (98 ) Balance at December 31, 2017 $ 18,480 $ 1,006 $ (360 ) $ 646 Balance at January 1, 2016 $ 18,480 $ 1,006 $ (161 ) $ 845 Amortization expense — — (101 ) (101 ) Balance at December 31, 2016 $ 18,480 $ 1,006 $ (262 ) $ 744 Balance at January 1, 2015 $ 17,779 $ 128 $ (127 ) $ 1 Goodwill and core deposit intangible resulting from branch acquisition 701 878 — 878 Amortization expense — — (34 ) (34 ) Balance at December 31, 2015 $ 18,480 $ 1,006 $ (161 ) $ 845 Goodwill represents the excess of the purchase price over the fair value of acquired net assets under the acquisition method of accounting. The value of the acquired core deposit relationships was determined using the present value of the difference between a market participant’s cost of obtaining alternative funds and the cost to maintain the acquired deposit base. The core deposit intangibles are being amortized over a ten -year period using an accelerated method. Goodwill in the amount of $701 thousand and core deposit intangibles in the amount of $878 thousand resulted from the branch acquisitions as discussed in Note 22, "Mergers and Acquisitions" of the Notes to the Consolidated Financial Statements included in Item 8, Financial Statements and Supplementary Data, of this Annual Report on Form 10-K. The table below presents estimated amortization expense for the Company’s other intangible assets (dollars in thousands): 2018 $ 96 2019 93 2020 90 2021 87 2022 83 Thereafter 197 $ 646 The Company’s assessment of qualitative factors determined that it is not more likely than not that the fair value of each reporting unit is less than its carrying amount and therefore, goodwill is not impaired as of December 31, 2017 and 2016 . The Company has not identified any triggering events since the impairment evaluation that would indicate potential impairment. Core deposit intangibles are evaluated for impairment if events and circumstances indicate a potential for impairment. Such an evaluation of other intangible assets is based on undiscounted cash flow projections. No impairment charges were recorded for other intangible assets in any of the periods presented.

STOCK OFFERINGS

STOCK OFFERINGS	12 Months Ended
	Dec. 31, 2017
Stockholders' Equity Note [Abstract]
STOCK OFFERINGS	STOCK OFFERING On March 13, 2017, the Company entered into an Investment Agreement (the “Investment Agreement”) with its Chief Executive Officer, Larry F. Mazza (“Mazza”). Pursuant to the Investment Agreement, Mazza committed to subscribe for and purchase, at the Subscription Price, upon expiration of the Rights Offering, the number of shares of the Company’s common stock, if any, equal to the amount by which 100,000 exceeds the number of shares purchased by Mazza in the Rights Offering. Pursuant to the Investment Agreement, Mazza agreed not to sell or otherwise transfer any shares acquired in connection with the Investment Agreement for a period of six months following the closing of the Rights Offering. Larry F. Mazza purchased 100,000 shares of the Company's common stock: 90,999 under the rights offering and 9,001 shares under the Investment Agreement. On March 13, 2017, the Company filed with the SEC a prospectus supplement and accompanying base prospectus (collectively, the “Prospectus”) relating to the commencement of the Company’s rights offering (the “Rights Offering”), pursuant to which the Company distributed, at no charge, non-transferable subscription rights to the holders of its common stock as of 5:00 p.m., Eastern time, on March 10, 2017. The subscription rights were exercisable for up to a total of 434,783 shares of the Company’s common stock, subject to such terms and conditions as further described in the Prospectus. On April 20, 2017, the Company announced the completion of the rights offering, which expired at 5:00 p.m. Eastern time on April 14, 2017. All 434,783 shares offered in the rights offering were subscribed for, resulting in new capital of approximately $5.0 million . Computershare, who served as subscription agent, completed its review and tabulation of subscriptions on April 19, 2017. Computershare issued the shares acquired in the rights offering by book entry in the Company's stock ownership records, which are maintained by Computershare, as transfer agent, on or about April 20, 2017. On December 5, 2016, the Company entered into Securities Purchase Agreements with certain accredited investors. Pursuant to the Purchase Agreements, the Investors agreed to purchase an aggregate of 1,913,044 shares of the Company’s common stock, par value $1.00 per share, at a price of $11.50 per share, as part of a private placement (the “Private Placement”). The Private Placement closed on December 6, 2016. The gross proceeds to the Company from the Private Placement were approximately $22 million or $20.5 million after stock issuance costs. The proceeds from the Private Placement were used by the Company to pay related transaction fees and expenses and for general corporate purposes. A portion of the proceeds were used for the redemption of the preferred stock issued to the United States Department of Treasury in connection with the Company’s participation in the Small Business Lending Fund. The Purchase Agreements contain representations and warranties and covenants of the Company and the Investors that are customary in private placement transactions. The provisions of the Purchase Agreements also include an agreement by the Company to indemnify the Investors against certain liabilities. The Purchase Agreements required the Company to file a registration statement with the Securities and Exchange Commission (the “SEC”) to register for resale the 1,913,044 shares of common stock issued to the Investors in the Private Placement. The registration statement was declared effective by the SEC on December 27, 2016. On June 30, 2014 , the Company filed Certificates of Designations for its Convertible Noncumulative Perpetual Preferred Stock, Series B (“Class B Preferred”) and its Convertible Noncumulative Perpetual Preferred Stock, Series C (“Class C Preferred”). The Class B Preferred Certificate designated 400 shares of preferred stock as Class B Preferred shares. The Class B Preferred shares carry an annual dividend rate of 6% and are convertible into shares of Company common stock within thirty days after the first, second, third, fourth and fifth anniversaries of the original issue date, based on a common stock price of $16 per share, as adjusted for future corporate activities. On December 28, 2017, the Company distributed a notice to each of the holders of the Class B Preferred Stock regarding the Company's agreement to waive the timing requirements associated with when a conversion may occur and, instead, the Company will accept notices of conversion at any time prior to July 30, 2019, which is the final conversion date for the Preferred Stock. The Class B Preferred shares are redeemable by the Company on or after the fifth anniversary of the original issue date for Liquidation Amount, as defined therein, plus declared and unpaid dividends. Redemption is subject to any necessary regulatory approvals. In the event of liquidation of the Company, shares of Class B Preferred stock shall be junior to creditors of the Company and to the shares of Senior Noncumulative Perpetual Preferred Stock, Series A. Holders of Class B Preferred shares shall have no voting rights, except for authorization of senior shares of stock, amendment to the Class B Preferred shares, share exchanges, reclassifications or changes of control, or as required by law. The Class C Preferred Certificate designated 383.4 shares of preferred stock as Class C Preferred shares. The Class C Preferred shares carry an annual dividend rate of 6.5% and are convertible into shares of Company common stock within 30 days after the first, second, third, fourth and fifth anniversaries of the original issue date, based on a common stock price of $16 per share, as adjusted for future corporate activities. On December 28, 2017, the Company distributed a notice to each of the holders of the Class C Preferred Stock regarding the Company's agreement to waive the timing requirements associated with when a conversion may occur and, instead, the Company will accept notices of conversion at any time prior to July 30, 2019, which is the final conversion date for the Preferred Stock. The Class C Preferred shares are redeemable by the Company on or after the fifth anniversary of the original issue date for Liquidation Amount, as defined therein, plus declared and unpaid dividends. Redemption is subject to any necessary regulatory approvals. In the event of liquidation of the Company, shares of Class C Preferred stock shall be junior to creditors of the Company and to the shares of Senior Noncumulative Perpetual Preferred Stock, Series A and the Class B Preferred shares. Holders of Class C Preferred shares shall have no voting rights, except for authorization of senior shares of stock, amendment to the Class C Preferred shares, share exchanges, reclassifications or changes of control, or as required by law. The proceeds of these preferred stock offerings will be used to support continued growth of the Company and its subsidiary. On September 8, 2011 MVB received $8.5 million in Small Business Lending Fund (SBLF) capital. MVB issued 8,500 shares of $1,000 per share preferred stock with dividends payable in arrears on January 1, April 1, July 1 and October 1 each year. MVB's loan production qualified for the lowest dividend rate possible of 1% . MVB may continue to utilize the SBLF capital through March 8, 2016 at the 1% dividend rate. After that time, if the SBLF is not retired, the dividend rate increases to 9% . On January 5, 2017, the Company redeemed all of the 8,500 shares of its Senior Non-Cumulative Perpetual Preferred Stock, Series A, liquidation amount $1,000 per share (“Series A Preferred Stock”). The aggregate redemption price of the Series A Preferred Stock was $8,508,500 , including dividends accrued, but unpaid through, but not including the redemption date. The Series A Preferred Stock was redeemed from the Company’s surplus capital and approved by the Company’s primary federal regulator. The redemption terminates the Company’s participation in the SBLF program. After the redemption, the Company’s capital ratios remained well in excess of those required for well capitalized status.

STOCK OPTIONS

STOCK OPTIONS	12 Months Ended
	Dec. 31, 2017
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
STOCK OPTIONS	STOCK OPTIONS The MVB Financial Corp. Incentive Stock Plan (the "Plan") provides for the issuance of stock options to selected employees and directors. Under the provisions of the plan, the option price per share shall not be less than the fair market value of the common stock on the date of the grant. During 2017, the companies shareholders amended the Plan to increase the total number of shares of stock available for grant of awards by 1.0 million . As of December 31, 2017 , the Plan had 3.2 million shares authorized and 1,173,575 shares remaining available for issuance.These options also expire 10 years from the date of the grant. With the exception of 22,000 shares granted in 2010 that vest in 3 years and expire 10 years from the date of grant, and 125,000 shares granted in 2017 that vest in 4 years and expire in 10 years , all options granted vest in 5 years and expire 10 years from the date of the grant. Total compensation expense recorded on stock options during 2017 , 2016 and 2015 was $813 thousand , $568 thousand and $413 thousand , respectively. Proceeds from stock options exercised were $(10) thousand , $32 thousand and $(448) thousand during 2017 , 2016 and 2015 respectively. During 2017 , 2016 and 2015 , certain options were exercised in cashless transactions. Shares were forfeited related to exercise price and tax withholdings and the Company paid tax authorities amounts due resulting in a net cash outflow. The following summarizes MVB’s stock options as of and for the year ended December 31, 2017 , and the changes for the year then ended: 2017 2016 Number of Shares Weighted Average Exercise Price Number of Shares Weighted Average Exercise Price Outstanding at beginning of year 1,499,795 $ 13.11 1,190,295 $ 13.15 Granted 321,750 15.12 432,000 12.72 Exercised (49,400 ) 12.24 (55,000 ) 9.02 Forfeited/expired (94,500 ) 8.41 (67,500 ) 14.59 Outstanding at end of year 1,677,645 $ 13.46 1,499,795 $ 13.11 Exercisable at end of year 910,647 $ 13.00 768,598 $ 12.75 Weighted-average fair value of options granted during 2017 $ 4.05 Weighted-average fair value of options granted during 2016 $ 2.98 Weighted-average fair value of options granted during 2015 $ 2.72 The intrinsic value of options exercised during 2017 , 2016 and 2015 was $8 thousand , $108 thousand and $1.6 million , respectively. The fair value for the options was estimated at the date of grant using a Black-Scholes option-pricing model with average risk-free interest rates of 2.29% , 1.31% and 2.16% for 2017 , 2016 and 2015 , respectively, and a weighted average expected life of the options of 7 years for all three years. The expected volatility of MVB’s stock price used for 2017 options was 22.76% , while for the 2016 options it was 19.07% and 2015 options it was 13.90% . The expected dividend yield used was 0.60% for 2017 , 0.43% for 2016 and 0.51% for 2015 . The following summarizes information related to the total outstanding and exercisable options at December 31, 2017 : Options Outstanding Options Exercisable Total Options Weighted-Average Exercise Price Intrinsic Value Weighted-Average Remaining Life Total Options Weighted-Average Exercise Price Intrinsic Value Weighted-Average Remaining Life 1,677,645 $ 13.46 11,145,745 6.63 910,647 $ 13.00 6,465,272 5.28

REGULATORY CAPITAL REQUIREMENTS

REGULATORY CAPITAL REQUIREMENTS	12 Months Ended
	Dec. 31, 2017
Banking and Thrift [Abstract]
REGULATORY CAPITAL REQUIREMENTS	REGULATORY CAPITAL REQUIREMENTS The Company and the Bank are subject to various regulatory capital requirements administered by the federal banking agencies. Failure to meet minimum capital requirements can initiate certain mandatory, and possibly additional discretionary, actions by regulators that, if undertaken, could have a direct material effect on the Company’s consolidated financial statements. Under capital adequacy guidelines the Company must meet specific capital guidelines that involve quantitative measures of the Company’s assets, liabilities, and certain off-balance sheet items as calculated under regulatory accounting practices. The Company’s capital amounts and classifications are also subject to qualitative judgments by the regulators about components, risk weightings, and other factors. Capital adequacy guidelines have recently changed as a result of the Dodd-Frank Act and a separate, international capital initiative known as “Basel III.” Regulators have issued rules implementing these requirements (“Revised Capital Rules”). Among other things, the Revised Capital Rules raise the minimum thresholds for required capital and revise certain aspects of the definitions and elements of the capital that can be used to satisfy these required minimum thresholds. While the rules became effective on January 1, 2014 for certain large banking organizations, most banking organizations, including MVB Financial Corp and the Bank, were required to begin complying with these new requirements on January 1, 2015 . Quantitative measures established by regulation to ensure capital adequacy require the Company to maintain minimum amounts and ratios of Total capital, Tier 1 capital and Tier 1 common equity to risk-weighted assets, and of Tier 1 capital to average assets, as defined. As of December 31, 2017 and 2016 , the Company meets all capital adequacy requirements to which it is subject. The most recent notification from the Federal Deposit Insurance Corporation categorized the Bank as well capitalized under the regulatory framework for prompt corrective action. To be categorized as well capitalized, the Bank must maintain minimum total risk-based, Tier 1 risk-based, Tier 1 common equity risk-based and Tier 1 leverage ratios as set forth in the table below. Both the Company’s and the Bank’s actual capital amounts and ratios are presented in the table below. Actual Minimum to be Well Capitalized Minimum for Capital Adequacy Purposes (Dollars in thousands) Amount Ratio Amount Ratio Amount Ratio As of December 31, 2017 Total Capital (to risk-weighted assets) Consolidated $ 178,147 14.9 % n/a n/a $ 95,948 8.0 % Subsidiary Bank $ 169,536 14.2 % $ 119,231 10.0 % $ 95,385 8.0 % Tier 1 Capital (to risk-weighted assets) Consolidated $ 138,308 11.5 % n/a n/a $ 71,886 6.0 % Subsidiary Bank $ 159,097 13.3 % $ 95,385 8.0 % $ 71,539 6.0 % Common Equity Tier 1 Capital (to risk-weighted assets) Consolidated $ 126,350 10.6 % n/a n/a $ 53,915 4.5 % Subsidiary Bank $ 159,097 13.3 % $ 77,500 6.5 % $ 53,654 4.5 % Tier 1 Capital (to average assets) Consolidated $ 138,308 9.3 % n/a n/a $ 58,667 4.0 % Subsidiary Bank $ 159,097 10.7 % $ 73,119 5.0 % $ 58,495 4.0 % As of December 31, 2016 Total Capital (to risk-weighted assets) Consolidated $ 174,093 15.4 % n/a n/a $ 90,699 8.0 % Subsidiary Bank $ 163,394 14.5 % $ 113,027 10.0 % $ 90,422 8.0 % Tier 1 Capital (to risk-weighted assets) Consolidated $ 135,100 11.9 % n/a n/a $ 68,025 6.0 % Subsidiary Bank $ 153,737 13.6 % $ 90,422 8.0 % $ 67,816 6.0 % Common Equity Tier 1 Capital (to risk-weighted assets) Consolidated $ 114,642 10.1 % n/a n/a $ 51,018 4.5 % Subsidiary Bank $ 153,737 13.6 % $ 73,468 6.5 % $ 50,862 4.5 % Tier 1 Capital (to average assets) Consolidated $ 135,100 9.5 % n/a n/a $ 56,655 4.0 % Subsidiary Bank $ 153,737 10.9 % $ 70,651 5.0 % $ 56,521 4.0 %

REGULATORY RESTRICTION ON DIVID

REGULATORY RESTRICTION ON DIVIDEND	12 Months Ended
	Dec. 31, 2017
Disclosure of Restrictions on Dividends, Loans and Advances Disclosure [Abstract]
REGULATORY RESTRICTION ON DIVIDEND	REGULATORY RESTRICTION ON DIVIDEND The approval of the regulatory agencies is required if the total of all dividends declared by the Bank in any calendar year exceeds the Bank’s net profits, as defined, for that year combined with its retained net profits for the preceding two calendar years.

LEASES

LEASES	12 Months Ended
	Dec. 31, 2017
Leases [Abstract]
LEASES	LEASES The Company leases land and building space for the operation of some banking offices. All such leases qualify as operating leases. Following is a schedule by year of future minimum lease payments required under operating leases that have initial or remaining non-cancelable lease terms in excess of one year as of December 31, 2017 : (Dollars in thousands) Years ended December 31: 2018 $ 1,822 2019 1,299 2020 1,244 2021 1,268 2022 1,201 Thereafter 5,185 Total minimum payments required: $ 12,019 Total rent expense for the years ended December 31, 2017 , 2016 and 2015 was $2.0 million , $1.7 million and $1.8 million , respectively.

FAIR VALUE OF FINANCIAL INSTRUM

FAIR VALUE OF FINANCIAL INSTRUMENTS	12 Months Ended
	Dec. 31, 2017
Fair Value Disclosures [Abstract]
FAIR VALUE OF FINANCIAL INSTRUMENTS	FAIR VALUE OF FINANCIAL INSTRUMENTS The following summarizes the methods and significant assumptions used by the Company in estimating its fair value disclosures for financial instruments. Level I: Quoted prices are available in active markets for identical assets or liabilities as of the reported date. Level II: Pricing inputs are other than quoted prices in active markets, which are either directly or indirectly observable as of the reported date. The nature of these assets and liabilities include items for which quoted prices are available but traded less frequently, and items that are fair valued using other financial instruments, the parameters of which can be directly observed. Level III: Assets and liabilities that have little to no pricing observability as of the reported date. These items do not have two-way markets and are measured using management’s best estimate of fair value, where the inputs into the determination of fair value require significant management judgment or estimation. Estimated fair values have been determined by the Company using historical data, as generally provided in the Company’s regulatory reports, and an estimation methodology suitable for each category of financial instruments. The Company’s fair value estimates, methods and assumptions are set forth below for the Company’s other financial instruments. Cash and cash equivalents: The carrying amounts for cash and cash equivalents approximate fair value because they have original maturities of 90 days or less and do not present unanticipated credit concerns. Certificates of deposits: The fair values for certificates of deposits are computed based on scheduled future cash flows of principal and interest, discounted at interest rates currently offered for certificates of deposits with similar terms of investors. No prepayments of principal are assumed. Securities: U.S. treasury, government agency, mortgage-backed securities, certain municipal securities and corporate bonds are generally measured at fair value using a third-party pricing service or recent comparable market transactions in similar or identical securities and are classified as Level II instruments. Equity securities are measured at fair value using observable closing prices and are classified as Level I instruments if they are traded on a heavily active market and as Level II instruments if the observable closing price is from a less than active market. Certain local municipal securities related to tax increment financing (“TIF”) are independently valued and classified as Level III instruments. Loans held for sale: Loans held for sale are reported at fair value. These loans currently consist of one-to-four-family residential loans originated for sale in the secondary market. Fair value is based on committed market rates or the price secondary markets are currently offering for similar loans using observable market data. (Level II) Loans: The fair values for loans are computed based on scheduled future cash flows of principal and interest, discounted at interest rates currently offered for loans with similar terms of borrowers of similar credit quality. No prepayments of principal are assumed. Mortgage servicing rights: The carrying value of mortgage servicing rights approximates their fair value due to the immateriality of the balance. Interest rate lock commitment: For mortgage interest rate locks, the fair value is based on either (i) the price of the underlying loans obtained from an investor for loans that will be delivered on a best efforts basis or (ii) the observable price for individual loans traded in the secondary market for loans that will be delivered on a mandatory basis less (iii) expected costs to deliver the interest rate locks, any expected “pull through rate” is multiplied by this calculation to estimate the derivative value. Mortgage-backed security hedges: MBS hedges are used to mitigate interest rate risk for residential mortgage loans held for sale and interest rate locks and manage expected funding percentages. These instruments are considered derivatives and are recorded at fair value based on observable market data of the individual mortgage-backed securities. Interest rate cap: The fair value of the interest rate cap is determined at the end of each quarter by using Bloomberg Finance which values the interest rate cap using observable inputs from forward and futures yield curves as well as standard market volatility. Interest rate swap: Interest rate swaps are recorded at fair value based on third party vendors who compile prices from various sources and may determine fair value of identical or similar instruments by using pricing models that consider observable market data. Accrued interest receivable and payable and repurchase agreements: The carrying values of accrued interest receivable and payable approximate their fair values. Deposits: The fair values of demand deposits (i.e., noninterest bearing checking, NOW and money market), savings accounts and other variable rate deposits approximate their carrying values. Fair values of fixed maturity deposits are estimated using a discounted cash flow methodology at rates currently offered for deposits with similar remaining maturities. Any intangible value of long-term relationships with depositors is not considered in estimating the fair values disclosed. FHLB and other borrowings: The fair values for loans are computed based on scheduled future cash flows of principal and interest, discounted at interest rates currently offered for loans with similar terms of borrowers of similar credit quality. No prepayments of principal are assumed. Subordinated debt: The fair values for debt are computed based on scheduled future cash flows of principal and interest, discounted at interest rates currently offered for debt with similar terms of borrowers of similar credit quality. No prepayments of principal are assumed. Off-balance sheet instruments: The fair values of commitments to extend credit and standby letters of credit are estimated using the fees currently charged to enter into similar agreements, taking into account the remaining terms of agreements and the present credit standing of the counterparties. The amounts of fees currently charged on commitments and standby letters of credit are deemed insignificant, and therefore, the estimated fair values and carrying values are not shown. The carrying values and estimated fair values of the Company’s financial instruments are summarized as follows: Fair Value Measurements at: (Dollars in thousands) Carrying Value Estimated Fair Value Quoted Prices in Active Markets for Identical Assets (Level I) Significant Other Observable Inputs (Level II) Significant Unobservable Inputs (Level III) December 31, 2017 Financial assets: Cash and cash equivalents $ 20,305 $ 20,305 $ 20,305 $ — $ — Certificates of deposits with other banks 14,778 14,695 — 14,695 — Securities available-for-sale 231,507 231,507 1,607 206,991 22,909 Loans held for sale 66,794 66,794 — 66,794 — Loans, net 1,096,063 1,093,824 — — 1,093,824 Mortgage servicing rights 182 182 — — 182 Interest rate lock commitment 1,426 1,426 — — 1,426 Interest rate swap 268 268 — 268 — Interest rate cap 33 33 — 33 — Accrued interest receivable 5,296 5,296 — 1,241 4,055 Financial liabilities: Deposits $ 1,159,580 $ 1,126,615 $ — $ 1,126,615 $ — Repurchase agreements 22,403 22,403 — 22,403 — FHLB and other borrowings 152,169 152,190 — 152,190 — Mortgage-backed security hedges 78 78 — 78 — Interest rate swap 268 268 — 268 — Accrued interest payable 643 643 — 643 — Subordinated debt 33,524 35,117 — 35,117 — December 31, 2016 Financial assets: Cash and cash equivalents $ 17,340 $ 17,340 $ 17,340 $ — $ — Certificates of deposits with other banks 14,527 14,985 — 14,985 — Securities available-for-sale 162,368 162,368 897 161,471 — Loans held for sale 90,174 90,174 — 90,174 — Loans, net 1,043,764 1,035,437 — — 1,035,437 Mortgage servicing rights 190 190 — — 190 Interest rate lock commitment 1,546 1,546 — — 1,546 Mortgage-backed security hedges 372 372 — 372 — Interest rate swap 250 250 — 250 — Interest rate cap 268 268 — 268 — Accrued interest receivable 3,951 3,951 — 1,002 2,949 Financial liabilities: Deposits $ 1,107,017 $ 1,116,174 $ — $ 1,116,174 $ — Repurchase agreements 25,160 25,160 — 25,160 — FHLB and other borrowings 90,921 90,919 — 90,919 — Interest rate swap 250 250 — 250 — Accrued interest payable 741 741 — 741 — Subordinated debt 33,524 32,275 — 32,275 — Fair value estimates are made at a specific point in time, based on relevant market information about the financial instrument. These estimates do not reflect any premium or discount that could result from offering for sale at one time the Company’s entire holdings of a particular financial instrument. Because no market exists for a significant portion of the Company’s financial instruments, fair value estimates are based on judgments regarding future expected loss experience, current economic conditions, risk characteristics of various financial instruments and other factors. These estimates are subjective in nature and involve uncertainties and matters of significant judgment and therefore, cannot be determined with precision. Changes in assumptions could significantly affect the estimates. Fair value estimates are based on existing on-and-off balance sheet financial instruments without attempting to estimate the value of anticipated future business and the value of assets and liabilities that are not considered financial instruments.

FAIR VALUE MEASUREMENTS

FAIR VALUE MEASUREMENTS	12 Months Ended
	Dec. 31, 2017
Fair Value Disclosures [Abstract]
FAIR VALUE MEASUREMENTS	FAIR VALUE MEASUREMENTS Accounting standards require that the Company adopt fair value measurement for financial assets and financial liabilities. This enhanced guidance for using fair value to measure assets and liabilities applies whenever other standards require or permit assets or liabilities to be measured at fair value. This guidance does not expand the use of fair value in any new circumstances. Assets Measured on a Recurring Basis As required by accounting standards, financial assets and liabilities are classified in their entirety based on the lowest level of input that is significant to the fair value measurement. The Company classified investments in government securities as Level II instruments and valued them using the market approach. The following measurements are made on a recurring basis. • Available-for-sale investment securities — Available-for-sale investment securities 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 I 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 II securities include mortgage-backed securities issued by government sponsored entities and private label entities, municipal bonds and corporate debt securities. There have been no changes in valuation techniques for the year ended December 31, 2017 . Valuation techniques are consistent with techniques used in prior periods. • Loans held for sale — The fair value of mortgage loans held for sale is determined, when possible, using quoted secondary-market prices or investor commitments. If no such quoted price exists, the fair value of a loan is determined using quoted prices for a similar asset or assets, adjusted for the specific attributes of that loan, which would be used by other market participants. • Interest rate lock commitment — The Company estimates the fair value of interest rate lock commitments based on the value of the underlying mortgage loan, quoted mortgage-backed security prices and estimates of the fair value of the mortgage servicing rights and the probability that the mortgage loan will fund within the terms of the interest rate lock commitments. • Mortgage-backed security hedges — MBS hedges are considered derivatives and are recorded at fair value based on observable market data of the individual mortgage-backed security. • Interest rate cap — The fair value of the interest rate cap is determined at the end of each quarter by using Bloomberg Finance which values the interest rate cap using observable inputs from forward and futures yield curves as well as standard market volatility. • Interest rate swap — Interest rate swaps are recorded at fair value based on third party vendors who compile prices from various sources and may determine fair value of identical or similar instruments by using pricing models that consider observable market data. The following tables present the assets reported on the consolidated statements of financial condition at their fair value on a recurring basis as of December 31, 2017 and 2016 by level within the fair value hierarchy. Financial assets and liabilities are classified in their entirety based on the lowest level of input that is significant to the fair value measurement. December 31, 2017 (Dollars in thousands) Level I Level II Level III Total Assets: U.S. Government Agency securities $ — $ 80,945 $ — $ 80,945 U.S. Sponsored Mortgage backed securities — 58,154 — 58,154 Municipal securities — 52,933 22,909 75,842 Equity and other securities 1,607 16,566 — 16,566 Loans held for sale — 66,794 — 66,794 Interest rate lock commitment — — 1,426 1,426 Interest rate swap — 268 — 268 Interest rate cap — 33 — 33 Liabilities: Interest rate swap — 268 — 268 Mortgage-backed security hedges — 78 — 78 December 31, 2016 (Dollars in thousands) Level I Level II Level III Total Assets: U.S. Government Agency securities $ — $ 28,816 $ — $ 28,816 U.S. Sponsored Mortgage backed securities — 54,732 — 54,732 Municipal securities — 70,796 — 70,796 Equity and other securities 897 8,024 — 8,024 Loans held for sale — 90,174 — 90,174 Interest rate lock commitment — — 1,546 1,546 Mortgage-backed security hedges — 372 — 372 Interest rate swap — 250 — 250 Interest rate cap — 268 — 268 Liabilities: Interest rate swap — 250 — 250 The following table represents recurring level III assets: Interest Rate Lock Commitments December 31, 2017 December 31, 2016 (Dollars in thousands) Balance, beginning of period $ 1,546 $ 1,537 Realized and unrealized gains included in earnings (120 ) 9 Balance, end of period $ 1,426 $ 1,546 Assets Measured on a Nonrecurring Basis The Company may be required, from time to time, to measure certain financial assets, financial liabilities, non-financial assets and non-financial liabilities at fair value on a nonrecurring basis in accordance with U.S. generally accepted accounting principles. These include assets that are measured at the lower of cost or market value that were recognized at fair value below cost at the end of the period. Certain non-financial assets measured at fair value on a non-recurring basis include foreclosed assets (upon initial recognition or subsequent impairment), non-financial assets and non-financial liabilities measured at fair value in the second step of a goodwill impairment test, and intangible assets and other non-financial long-lived assets measured at fair value for impairment assessment. Non-financial assets measured at fair value on a nonrecurring basis during 2017 and 2016 include certain foreclosed assets which, upon initial recognition, were remeasured and reported at fair value through a charge-off to the allowance for possible loan losses and certain foreclosed assets which, subsequent to their initial recognition, were remeasured at fair value through a write-down included in other noninterest expense. • Impaired Loans — 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 using one of several methods, including collateral value, 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. Collateral values are estimated using Level II inputs based on observable market data or Level III inputs based on customized discounting criteria. For a majority of impaired real estate related loans, the Company obtains a current external appraisal. Other valuation techniques are used as well, including internal valuations, comparable property analysis and contractual sales information. • Other Real Estate owned — Other real estate owned, which is obtained through the Bank’s foreclosure process is valued utilizing the appraised collateral value. Collateral values are estimated using Level II inputs based on observable market data or Level III inputs based on customized discounting criteria. At the time, the foreclosure is completed, the Company obtains a current external appraisal. Assets measured at fair value on a nonrecurring basis as of December 31, 2017 and 2016 are included in the table below: December 31, 2017 (Dollars in thousands) Level I Level II Level III Total Impaired loans $ — $ — $ 14,368 $ 14,368 Other real estate owned — — 1,346 1,346 December 31, 2016 (Dollars in thousands) Level I Level II Level III Total Impaired loans $ — $ — $ 11,609 $ 11,609 Other real estate owned — — 414 414 The following tables presents quantitative information about the Level III significant unobservable inputs for assets and liabilities measured at fair value at December 31, 2017 and 2016 . Quantitative Information about Level III Fair Value Measurements (Dollars in thousands) Fair Value Valuation Technique Unobservable Input Range December 31, 2017 Nonrecurring measurements: Impaired loans $ 14,368 Appraisal of collateral 1 Appraisal adjustments 2 20% - 62% Liquidation expense 2 5% - 10% Other real estate owned $ 1,346 Appraisal of collateral 1 Appraisal adjustments 2 20% - 30% Liquidation expense 2 5% - 10% Recurring measurements: Interest rate lock commitments $ 1,426 Pricing model Pull through rates 73% - 85% Quantitative Information about Level III Fair Value Measurements (Dollars in thousands) Fair Value Valuation Technique Unobservable Input Range December 31, 2016 Nonrecurring measurements: Impaired loans $ 11,609 Appraisal of collateral 1 Appraisal adjustments 2 20% - 62% Liquidation expense 2 5% - 10% Other real estate owned $ 414 Appraisal of collateral 1 Appraisal adjustments 2 20% - 30% Liquidation expense 2 5% - 10% Recurring measurements: Interest rate lock commitments $ 1,546 Pricing model Pull through rates 73% - 85% 1 Fair value is generally determined through independent appraisals of the underlying collateral, which generally include various level III inputs which are not identifiable. 2 Appraisals may be adjusted by management for qualitative factors such as economic conditions and estimated liquidation expenses. The range and weighted average of liquidation expenses and other appraisal adjustments are presented as a percent of the appraisal.

COMPREHENSIVE INCOME

COMPREHENSIVE INCOME	12 Months Ended
	Dec. 31, 2017
Comprehensive Income (Loss), Net of Tax, Attributable to Parent [Abstract]
COMPREHENSIVE INCOME	COMPREHENSIVE INCOME The following tables present the components of accumulated other comprehensive income (“AOCI”) for the years ended December 31 : (Dollars in thousands) 2017 2016 2015 Details about AOCI Components Amount Reclassified from AOCI Amount Reclassified from AOCI Amount Reclassified from AOCI Affected line item in the Statement where Net Income is presented Available-for-sale securities Unrealized holding gains $ 731 $ 1,082 $ 130 Gain on sale of securities 731 1,082 130 Total before tax (292 ) (433 ) (52 ) Income tax expense 439 649 78 Net of tax Defined benefit pension plan items Amortization of net actuarial loss (241 ) (236 ) (257 ) Salaries and benefits (241 ) (236 ) (257 ) Total before tax 96 94 103 Income tax expense (145 ) (142 ) (154 ) Net of tax Total reclassifications $ 294 $ 507 $ (76 ) (Dollars in thousands) Unrealized gains (losses) on available for-sale securities Defined benefit pension plan items Total Balance at January 1, 2017 $ (1,598 ) $ (2,679 ) $ (4,277 ) Other comprehensive loss before reclassification 2,032 (449 ) 1,583 Amounts reclassified from AOCI (439 ) 145 (294 ) Net current period OCI 1,593 (304 ) 1,289 Balance at December 31, 2017 $ (5 ) $ (2,983 ) $ (2,988 ) Balance at January 1, 2016 $ (363 ) $ (2,570 ) $ (2,933 ) Other comprehensive loss before reclassification (586 ) (251 ) (837 ) Amounts reclassified from AOCI (649 ) 142 (507 ) Net current period OCI (1,235 ) (109 ) (1,344 ) Balance at December 31, 2016 $ (1,598 ) $ (2,679 ) $ (4,277 )

CONDENSED FINANCIAL STATEMENTS

CONDENSED FINANCIAL STATEMENTS OF PARENT COMPANY	12 Months Ended
	Dec. 31, 2017
Condensed Financial Information of Parent Company Only Disclosure [Abstract]
CONDENSED FINANCIAL STATEMENTS OF PARENT COMPANY	CONDENSED FINANCIAL STATEMENTS OF PARENT COMPANY Information relative to the parent company’s condensed balance sheets at December 31, 2017 and 2016 , and the related condensed statements of income and cash flows for the years ended December 31, 2017 , 2016 and 2015 are presented below: Condensed Balance Sheets December 31, (Dollars in thousands) 2017 2016 Assets Cash $ 3,904 $ 7,699 Investment in subsidiaries 175,027 168,325 Other assets 5,743 4,316 Total assets $ 184,674 $ 180,340 Liabilities and stockholders’ equity Other liabilities $ 958 $ 1,191 Long-term debt 33,524 33,524 Total liabilities 34,482 34,715 Total stockholders’ equity 150,192 145,625 Total liabilities and stockholders’ equity $ 184,674 $ 180,340 Condensed Statements of Income Year ended December 31, (Dollars in thousands) 2017 2016 2015 Income - dividends from bank subsidiary $ 13,724 $ 9,241 $ 7,744 Expenses - operating 11,974 11,307 8,988 Income (loss) before income taxes and undistributed earnings - continuing operations 1,750 (2,066 ) (1,244 ) Income tax (benefit) - continuing operations (2,147 ) (2,072 ) (1,597 ) Income after tax from continuing operations 3,897 6 353 Income before income taxes and undistributed earnings - discontinued operations — 6,926 — Income tax - discontinued operations — 2,629 — Income after tax from discontinued operations — 4,297 — Equity in undistributed income earnings of subsidiaries 3,678 8,609 6,463 Net Income $ 7,575 $ 12,912 $ 6,816 Preferred dividends $ 498 $ 1,128 $ 575 Net Income available to common shareholders $ 7,077 $ 11,784 $ 6,241 Condensed Statements of Cash Flows (Dollars in thousands) 2017 2016 2015 OPERATING ACTIVITIES Net Income $ 7,575 $ 12,912 $ 6,816 Equity in undistributed earnings of subsidiaries (3,678 ) (8,609 ) (6,463 ) (Decrease) in other assets (2,214 ) (612 ) (529 ) Decrease (increase) in other liabilities (234 ) 920 (261 ) Stock option expense 813 568 413 Net cash provided by (used in) operating activities 2,262 5,179 (24 ) INVESTING ACTIVITIES Investment in subsidiary (947 ) (19,697 ) (400 ) Net cash used in investing activities (947 ) (19,697 ) (400 ) FINANCING ACTIVITIES Proceeds of stock offering 4,931 20,519 — Dividend reinvestment plan — — — Proceeds from subordinated debt — — — Preferred stock issuance — — — Preferred stock redemption (8,500 ) — — Common stock options exercised (10 ) 32 (448 ) Cash dividends paid on common stock (1,033 ) (646 ) (641 ) Cash dividends paid on preferred stock (498 ) (1,128 ) (575 ) Net cash (used in) provided by financing activities (5,110 ) 18,777 (1,664 ) (Decrease) increase in cash (3,795 ) 4,259 (2,088 ) Cash at beginning of period 7,699 3,440 5,528 Cash at end of period $ 3,904 $ 7,699 $ 3,440

SEGMENT REPORTING

SEGMENT REPORTING	12 Months Ended
	Dec. 31, 2017
Segment Reporting [Abstract]
SEGMENT REPORTING	SEGMENT REPORTING The Company has identified three reportable segments: commercial and retail banking; mortgage banking; and financial holding company. Insurance services was previously identified as a reportable segment until entering into an Asset Purchase Agreement, as discussed below and in Note 23, "Discontinued Operations" of the Notes to the Consolidated Financial Statements included in Item 8, Financial Statements and Supplementary Data, of this Annual Report on Form 10-K. Revenue from commercial and retail banking activities consists primarily of interest earned on loans and investment securities and service charges on deposit accounts. Revenue from financial holding company activities is mainly comprised of intercompany service income and dividends. Revenue from the mortgage banking activities is comprised of interest earned on loans and fees received as a result of the mortgage origination process. The mortgage banking services are conducted by MVB Mortgage. Revenue from insurance services is comprised mainly of commissions on the sale of insurance products. On June 30, 2016 , the Company entered into an Asset Purchase Agreement with USI Insurance Services (“USI”), in which USI purchased substantially all of the assets and assumed certain liabilities of MVB Insurance, which resulted in a pre-tax gain of $6.9 million , as discussed in Note 23, "Discontinued Operations" of the Notes to the Consolidated Financial Statements included in Item 8, Financial Statements and Supplementary Data, of this Annual Report on Form 10-K. MVB Insurance retained the assets related to, and continues to operate, its title insurance business. The title insurance business is immaterial in terms of revenue and the Company has reorganized MVB Insurance as a subsidiary of the Bank. Information about the reportable segments and reconciliation to the consolidated financial statements for the years ended December 31, 2017 , 2016 , and 2015 are as follows: 2017 (Dollars in thousands) Commercial & Retail Banking Mortgage Banking Financial Holding Company Intercompany Eliminations Consolidated Revenues: Interest income $ 52,423 $ 4,698 $ 4 $ (527 ) $ 56,598 Mortgage fee income 736 37,262 — (849 ) 37,149 Insurance and investment services income 563 — — — 563 Other income 5,303 (2,372 ) 5,466 (5,403 ) 2,994 Total operating income 59,025 39,588 5,470 (6,779 ) 97,304 Expenses: Interest expense 9,118 2,317 2,241 (1,375 ) 12,301 Salaries and employee benefits 12,266 26,196 5,646 — 44,108 Provision for loan losses 1,967 206 — — 2,173 Other expense 19,523 8,188 4,085 (5,404 ) 26,392 Total operating expenses 42,874 36,907 11,972 (6,779 ) 84,974 Income (loss) from continuing operations, before income taxes 16,151 2,681 (6,502 ) — 12,330 Income tax expense (benefit) - continuing operations 5,820 1,082 (2,147 ) — 4,755 Net income (loss) from continuing operations 10,331 1,599 (4,355 ) — 7,575 Income (loss) from discontinued operations — — — — — Income tax expense (benefit) - discontinued operations — — — — — Net income (loss) from discontinued operations — — — — — Net income (loss) $ 10,331 $ 1,599 $ (4,355 ) $ — $ 7,575 Preferred stock dividends — — 498 — 498 Net income (loss) available to common shareholders $ 10,331 $ 1,599 $ (4,853 ) $ — $ 7,077 Capital Expenditures for the year ended December 31, 2017 $ 3,226 $ 1,187 $ 83 $ — $ 4,496 Total Assets as of December 31, 2017 1,533,497 149,323 184,600 (333,118 ) 1,534,302 Goodwill as of December 31, 2017 1,598 16,882 — — 18,480 2016 (Dollars in thousands) Commercial & Retail Banking Mortgage Banking Financial Holding Company Insurance Intercompany Eliminations Consolidated Revenues: Interest income $ 50,413 $ 4,285 $ 3 $ — $ (578 ) $ 54,123 Mortgage fee income (252 ) 36,960 — — (1,035 ) 35,673 Insurance and investment services income 420 — — — — 420 Other income 5,485 1,674 5,247 — (5,294 ) 7,112 Total operating income 56,066 42,919 5,250 — (6,907 ) 97,328 Expenses: Interest expense 8,437 2,082 2,226 — (1,613 ) 11,132 Salaries and employee benefits 11,592 27,696 5,937 — — 45,225 Provision for loan losses 3,632 — — — — 3,632 Other expense 18,009 8,125 3,144 — (5,294 ) 23,984 Total operating expenses 41,670 37,903 11,307 — (6,907 ) 83,973 Income (loss) from continuing operations, before income taxes 14,396 5,016 (6,057 ) — — 13,355 Income tax expense (benefit) - continuing operations 4,496 1,954 (2,072 ) — — 4,378 Net income (loss) from continuing operations 9,900 3,062 (3,985 ) — — 8,977 Income (loss) from discontinued operations — — 6,926 (580 ) — 6,346 Income tax expense (benefit) - discontinued operations — — 2,629 (218 ) — 2,411 Net income (loss) from discontinued operations — — 4,297 (362 ) — 3,935 Net income (loss) $ 9,900 $ 3,062 $ 312 $ (362 ) $ — $ 12,912 Preferred stock dividends — — 1,128 — — 1,128 Net income (loss) available to common shareholders $ 9,900 $ 3,062 $ (816 ) $ (362 ) $ — $ 11,784 Capital Expenditures for the year ended December 31, 2016 $ 1,145 $ 220 $ 303 $ — $ — $ 1,668 Total Assets as of December 31, 2016 1,415,735 122,242 180,340 — (299,513 ) 1,418,804 Goodwill as of December 31, 2016 1,598 16,882 — — — 18,480 2015 (Dollars in thousands) Commercial & Retail Banking Mortgage Banking Financial Holding Company Insurance Intercompany Eliminations Consolidated Revenues: Interest income $ 40,524 $ 3,882 $ 2 $ — $ (308 ) $ 44,100 Mortgage fee income 7 30,560 — — (1,095 ) 29,472 Insurance and investment services income 338 — — — 338 Other income 3,721 1,673 4,331 — (4,580 ) 5,145 Total operating income 44,590 36,115 4,333 — (5,983 ) 79,055 Expenses: Interest expense 6,776 1,647 2,204 — (1,402 ) 9,225 Salaries and employee benefits 11,049 20,774 4,250 — — 36,073 Provision for loan losses 2,493 — — — — 2,493 Other expense 16,132 7,471 2,534 — (4,362 ) 21,775 Total operating expenses 36,450 29,892 8,988 — (5,764 ) 69,566 Income (loss) from continuing operations, before income taxes 8,140 6,223 (4,655 ) — (219 ) 9,489 Income tax expense (benefit) - continuing operations 2,176 2,394 (1,597 ) — (87 ) 2,886 Net income (loss) from continuing operations 5,964 3,829 (3,058 ) — (132 ) 6,603 Income (loss) from discontinued operations — — — 134 219 353 Income tax expense (benefit) - discontinued operations — — — 53 87 140 Net income (loss) from discontinued operations — — — 81 132 213 Net income (loss) $ 5,964 $ 3,829 $ (3,058 ) $ 81 $ — $ 6,816 Preferred stock dividends — — 575 — — 575 Net income (loss) available to common shareholders $ 5,964 $ 3,829 $ (3,633 ) $ 81 $ — $ 6,241 Capital Expenditures for the year ended December 31, 2015 $ 1,174 $ 354 $ 616 $ 9 $ — $ 2,153 Total Assets as of December 31, 2015 1,378,988 125,227 148,509 5,017 (273,265 ) 1,384,476 Goodwill as of December 31, 2015 1,598 16,882 — — — 18,480 Commercial & Retail Banking For the year ended December 31, 2017 , the Commercial & Retail Banking segment earned $10.3 million compared to $9.9 million in 2016 . Net interest income increased by $1.3 million , primarily the result of a $1.3 million increase in interest on taxable investment securities and a $734 thousand increase in interest and fees on loans which was offset by a $546 thousand increase in interest on deposits and a $132 thousand increase in interest on FHLB and other borrowings. Noninterest income increased by $949 thousand , primarily the result of a $988 thousand increase in mortgage fee income, a $419 thousand increase on commercial swap fee income, a $447 thousand increase in other operating income, offset by a $557 thousand decrease in gain on sale of securities and a $504 thousand decrease in gain on sale of portfolio loans. Noninterest expense increased by $2.2 million , primarily the result of the following: $674 thousand increase in salaries and employee benefits expense, $599 thousand increase in occupancy and equipment expense, and $227 thousand increase in data processing and communications expense, which was offset by a $209 thousand decrease in professional fees. The $599 thousand increase in occupancy and equipment expense was primarily the result of two new full-service branches opened in 2017 and increased equipment expense related to depreciation and continued maintenance of property and software. The $227 thousand increase in data processing and communications was primarily the result of the core conversion completed in April 2017, along with overall growth in terms of personnel and office space company-wide and the usage of additional products, services, and providers to better serve the client base. In addition, provision expense decreased by $1.7 million . Also, income tax expense increased $1.3 million as a result of both increased net income before income taxes and as a result of tax reform in which the Company was required to re-measure its net deferred tax asset and resulted in an income tax charge of $646 thousand . Mortgage Banking For the year ended December 31, 2017 , the Mortgage Banking segment earned $1.6 million compared to $3.1 million in 2016 . Net interest income increased $178 thousand , noninterest income decreased by $3.7 million , and noninterest expense decreased by $1.4 million . The decrease in noninterest income was primarily the result of a $4.1 million decrease in the gain on derivative. The decrease in the gain on derivatives was largely the result of a 39.0% decrease in the locked mortgage pipeline for 2017 compared to a 31.6% increase in the locked mortgage pipeline for 2016. The decrease in noninterest expense was primarily the result of the following: $1.5 million decrease in salaries and employee benefits expense, which was primarily due to a 15.6% decrease in origination volume and a $1.2 million decrease in the earn out paid to management of the mortgage company related to the 2012 acquisition. Other items that impacted noninterest expense were as follows: a $242 thousand increase in occupancy and equipment expense and a $146 thousand increase in travel, entertainment, dues, and subscriptions expense, which were offset by a $159 thousand decrease in marketing expense and a $148 thousand decrease in mortgage processing expense. Financial Holding Company Excluding discontinued operations, for the year ended December 31, 2017 , the Financial Holding Company segment lost $4.4 million compared to a loss of $4.0 million in 2016 . Interest expense increased $15 thousand , noninterest income increased $219 thousand and noninterest expense increased $650 thousand . In addition, the income tax benefit increased $75 thousand . The increase in noninterest expense was primarily due to a $604 thousand increase in professional fees, a $169 thousand increase in travel, entertainment, dues, and subscriptions expense, a $125 thousand increase in occupancy and equipment expense, and a $100 thousand increase in other operating expense. Insurance In June 2016, primarily all the assets of the Insurance segment were sold and the segment was reorganized as a subsidiary of the Bank. There was no insurance segment in 2017. The discontinued insurance segment lost $362 thousand in 2016 .

MERGERS AND ACQUISITIONS

MERGERS AND ACQUISITIONS	12 Months Ended
	Dec. 31, 2017
Business Combinations [Abstract]
MERGERS AND ACQUISITIONS	MERGERS AND ACQUISITIONS On May 1, 2015 , MVB Bank, Inc. (MVB Bank), a wholly-owned subsidiary of MVB Financial Corp. (MVB Financial or the Company), issued a joint news release with BB&T Corporation (BB&T) and Susquehanna Bancshares, Inc. (Susquehanna) announcing the signing of a definitive agreement, subject to customary closing conditions including regulatory approvals, through which MVB Bank will acquire two branch locations of Susquehanna Bank in Berkeley County, West Virginia and will assume approximately $69 million of deposits and $17 million of loans. The two Susquehanna Bank branch locations are slated for divestiture under BB&T’s agreement with the United States Department of Justice and commitments to the Board of Governors of the Federal Reserve System in connection with BB&T’s pending acquisition of Susquehanna. On July 22, 2015 , regulatory approvals for the acquisition of the two Susquehanna Bank branch locations were received and the acquisition closed August 28, 2015 . The acquisition was accounted for under the acquisition method of accounting in accordance with ASC 805. The assets and liabilities were recorded at their estimated fair values as of the August 28, 2015 acquisition date. The following is a summary of net liabilities assumed: (Dollars in thousands) Net assets acquired: Cash received in transaction $ 47,962 Cash on hand 330 Loans 18,200 Bank premises, furniture and equipment 609 Accrued interest receivable and other assets 62 Core deposit intangible 878 68,041 Deposits 68,697 Accrued interest payable and other liabilities 45 68,742 Net liabilities assumed (701 ) Goodwill 701 $ — A valuation of the acquired loans and core deposit intangible was performed with the assistance of a third-party valuation consultant. The unpaid principal balance and fair value of performing loans was $18.7 million and $18.2 million , respectively. The discount of $458 thousand will be accreted through interest income over the life of the loans in accordance with Accounting Standards Codification (ASC) topic 310-20. No nonperforming loans were acquired in this transaction. The core deposit intangible will be amortized over 10 years using a double declining balance amortization method. Merger costs related to the branch acquisitions were $722 thousand , consisting primarily of legal, consulting and data processing expenses. Goodwill was recorded in the amount of $701 thousand which is the difference between the total purchase price and the net liabilities assumed and is not deductible for income tax purposes. The following acquisition related costs are included in the consolidated statements of income for the periods indicated: Year ended Year ended Year ended (Dollars in thousands) December 31, 2017 December 31, 2016 December 31, 2015 Professional fees $ — $ — $ 471 Marketing — — 29 Printing, postage and supplies — — 71 Equipment depreciation and maintenance — — — Travel and entertainment — — 50 Data processing and communications — — 76 Other operating expense — — 25 Total $ — $ — $ 722 The following pro forma financial information combines the historical results of MVB and two branches acquired on August 28, 2015 . The pro forma results exclude the impact of branch acquisition costs of $722 thousand . If the branch acquisition had been completed on January 1, 2014 total revenue, net of interest expense, would have been $55.1 million and $76.0 million for the years ended December 31, 2014 and 2015 , respectively. Net income would have been $1.7 million and $6.4 million for the same periods. Basic and diluted earnings per share would have been $0.17 and $0.17 and $0.73 and $0.72 , respectively for the years ended December 31, 2014 and 2015 .

DISCONTINUED OPERATIONS

DISCONTINUED OPERATIONS	12 Months Ended
	Dec. 31, 2017
Discontinued Operations and Disposal Groups [Abstract]
DISCONTINUED OPERATIONS	DISCONTINUED OPERATIONS On June 30, 2016 , the Company entered into an Asset Purchase Agreement with USI, in which USI purchased substantially all of the assets and assumed certain liabilities of MVB Insurance, which resulted in a pre-tax gain of $6.9 million . MVB Insurance retained the assets related to, and continues to operate, its title insurance business. The title insurance business is immaterial in terms of revenue and the Company has reorganized MVB Insurance as a subsidiary of the Bank. The Company retained approximately $424 thousand in liabilities and received proceeds totaling $7.0 million related to this transaction. There were no assets and liabilities of discontinued operations as of December 31, 2017 or 2016 . Net income (losses) from discontinued operations, net of tax, for the years ended December 31, 2017 , 2016 , and 2015 , were as follows: (Dollars in thousands) 2017 2016 2015 NONINTEREST INCOME Insurance and investment services income $ — $ 1,887 $ 4,733 Gain on sale of subsidiary — 6,926 — Other operating income — 2 6 Total noninterest income — 8,815 4,739 NONINTEREST EXPENSES Salary and employee benefits — 1,937 3,603 Occupancy expense — 124 281 Equipment depreciation and maintenance — 29 57 Data processing and communications — 79 105 Marketing, contributions and sponsorships — 7 25 Professional fees — 2 23 Printing, postage and supplies — 12 19 Insurance, tax and assessment expense — 58 136 Travel, entertainment, dues and subscriptions — 67 119 Other operating expenses — 154 18 Total noninterest expense — 2,469 4,386 Income from discontinued operations, before income taxes — 6,346 353 Income tax expense - discontinued operations — 2,411 140 Net Income from discontinued operations $ — $ 3,935 $ 213

QUARTERLY FINANCIAL DATA (UNAUD

QUARTERLY FINANCIAL DATA (UNAUDITED)	12 Months Ended
	Dec. 31, 2017
Quarterly Financial Information Disclosure [Abstract]
QUARTERLY FINANCIAL DATA (UNAUDITED)	QUARTERLY FINANCIAL DATA (UNAUDITED) Earnings Per Share (Dollars in thousands) Interest Income Net Interest Income Income Before Taxes Net Income Basic Diluted 2017 First quarter $ 13,068 $ 10,306 $ 2,295 $ 1,574 $ 0.14 $ 0.14 Second quarter 13,814 10,894 3,435 2,260 0.21 0.20 Third quarter 14,630 11,414 3,510 2,318 0.21 0.21 Fourth quarter 15,086 11,683 3,090 1,423 0.12 0.12 Earnings Per Share (Dollars in thousands) Interest Income Net Interest Income Income Before Taxes Net Income Basic Diluted 2016 First quarter $ 13,382 $ 10,695 $ 2,612 $ 1,796 $ 0.20 $ 0.20 Second quarter 13,580 10,742 10,228 6,499 0.77 0.63 Third quarter 13,523 10,729 3,441 2,310 0.25 0.24 Fourth quarter 13,638 10,825 3,420 2,307 0.23 0.22

SUMMARY OF SIGNIFICANT ACCOUN33

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	12 Months Ended
	Dec. 31, 2017
Accounting Policies [Abstract]
Basis of Presentation	Basis of Presentation The financial statements are consolidated to include the accounts of the Company, its subsidiary, MVB Bank, and the Bank's wholly-owned subsidiaries, MVB Mortgage and MVB Insurance. These statements have been prepared in accordance with U.S. generally accepted accounting principles. All significant inter-company accounts and transactions have been eliminated in the consolidated financial statements. In preparing the consolidated financial statements, management makes estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the consolidated financial statements and the reported amounts of revenues and expenses for the period. Actual results could differ significantly from those estimates. Material estimates that are particularly susceptible to significant change relate to determination of the allowance for loan losses, derivative instruments, goodwill and deferred tax assets and liabilities.
Operating Segments	Operating Segments An operating segment is defined as a component of an enterprise that engages in business activities that generates revenue and incurs expense, and the operating results of which are reviewed by the chief operating decision maker in the determination of resource allocation and performance. While the Company’s chief decision makers monitor the revenue streams of the various Company’s products and services, operations are managed and financial performance is evaluated on a Company-wide basis. The Company has identified three reportable segments: commercial and retail banking; mortgage banking; and financial holding company. Insurance services was previously identified as a reportable segment until entering into an Asset Purchase Agreement, as discussed below and in Note 23, "Discontinued Operations" of the Notes to the Consolidated Financial Statements included in Item 8, Financial Statements and Supplementary Data, of this Annual Report on Form 10-K.
Cash and Cash Equivalents	Cash and Cash Equivalents Cash equivalents include cash on hand, deposits in banks and interest-earning deposits. Interest-earning deposits with original maturities of 90 days or less are considered cash equivalents. Net cash flows are reported for loans, deposits and short term borrowing transactions.
Management Estimates	Management Estimates The preparation of consolidated financial statements in conformity with U.S. generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities at the date of the consolidated financial statements and the reported amounts of revenues and expenses during the reporting period. Estimates, such as the allowance for loan losses, are based upon known facts and circumstances. Estimates are revised by management in the period such facts and circumstances change. Actual results could differ from these estimates. Investment Securities Investment securities at the time of purchase are classified as one of the following: Held-to-Maturity Securities - Includes securities that the Company has the positive intent and ability to hold to maturity. These securities are reported at amortized cost. Available-for-Sale Securities - Includes debt and equity securities not classified as held-to-maturity that will be held for indefinite periods of time. These securities may be sold in response to changes in market interest or prepayment rates, needs for liquidity and changes in the availability of and yield of alternative investments. Such securities are reported at fair value, with unrealized holding gains and losses excluded from earnings and reported as a separate component of stockholders’ equity, net of estimated income tax effect. The amortized cost of investment in debt securities is adjusted for amortization of premiums and accretion of discounts, computed by a method that results in a level yield. Gains and losses on the sale of investment securities are computed on the basis of specific identification of the adjusted cost of each security. Securities are periodically reviewed for other-than-temporary impairment. For debt securities, management considers whether the present value of future cash flows expected to be collected are less than the security’s amortized cost basis (the difference defined as the credit loss), the magnitude and duration of the decline, the reasons underlying the decline and the Company’s intent to sell the security or whether it is more likely than not that the Company would be required to sell the security before its anticipated recovery in market value, to determine whether the loss in value is other than temporary. Once a decline in value is determined to be other than temporary, if the Company does not intend to sell the security, and it is more-likely-than-not that it will not be required to sell the security, before recovery of the security’s amortized cost basis, the charge to earnings is limited to the amount of credit loss. Any remaining difference between fair value and amortized cost (the difference defined as the non-credit portion) is recognized in other comprehensive income, net of applicable taxes. For equity securities where the fair value has been significantly below cost for one year, the Company’s policy is to recognize an impairment loss unless sufficient evidence is available that the decline is not other than temporary and a recovery period can be predicted. A decline in value that is considered to be other-than-temporary is recorded as a loss within noninterest income in the consolidated statement of income. Common stock of the Federal Home Loan Bank represents ownership in an institution which is wholly owned by other financial institutions. These equity securities are accounted for at cost and are classified as other assets.
Investment Securities	Investment Securities Investment securities at the time of purchase are classified as one of the following: Held-to-Maturity Securities - Includes securities that the Company has the positive intent and ability to hold to maturity. These securities are reported at amortized cost. Available-for-Sale Securities - Includes debt and equity securities not classified as held-to-maturity that will be held for indefinite periods of time. These securities may be sold in response to changes in market interest or prepayment rates, needs for liquidity and changes in the availability of and yield of alternative investments. Such securities are reported at fair value, with unrealized holding gains and losses excluded from earnings and reported as a separate component of stockholders’ equity, net of estimated income tax effect. The amortized cost of investment in debt securities is adjusted for amortization of premiums and accretion of discounts, computed by a method that results in a level yield. Gains and losses on the sale of investment securities are computed on the basis of specific identification of the adjusted cost of each security. Securities are periodically reviewed for other-than-temporary impairment. For debt securities, management considers whether the present value of future cash flows expected to be collected are less than the security’s amortized cost basis (the difference defined as the credit loss), the magnitude and duration of the decline, the reasons underlying the decline and the Company’s intent to sell the security or whether it is more likely than not that the Company would be required to sell the security before its anticipated recovery in market value, to determine whether the loss in value is other than temporary. Once a decline in value is determined to be other than temporary, if the Company does not intend to sell the security, and it is more-likely-than-not that it will not be required to sell the security, before recovery of the security’s amortized cost basis, the charge to earnings is limited to the amount of credit loss. Any remaining difference between fair value and amortized cost (the difference defined as the non-credit portion) is recognized in other comprehensive income, net of applicable taxes. For equity securities where the fair value has been significantly below cost for one year, the Company’s policy is to recognize an impairment loss unless sufficient evidence is available that the decline is not other than temporary and a recovery period can be predicted. A decline in value that is considered to be other-than-temporary is recorded as a loss within noninterest income in the consolidated statement of income. Common stock of the Federal Home Loan Bank represents ownership in an institution which is wholly owned by other financial institutions. These equity securities are accounted for at cost and are classified as other assets.
Loans Held for Sale	Loans Held for Sale Through multiple secondary market investors, MVB Mortgage has the ability to offer customers long-term fixed rate and variable rate mortgage products without holding these instruments in the Bank’s loan portfolio. MVB Mortgage elected the fair value option and therefore records loans held for sale at fair value. Occasionally the Bank will sell portfolio loans and have them classified as loans held for sale. These loans are recorded at lower of cost or market.
Loans and Allowance for Loan Losses	Loans and Allowance for Loan Losses Loans are stated at the amount of unpaid principal reduced by an allowance for loan losses. Loans are considered non-accrual when scheduled principal or interest payments are 90 days past due. Interest income on loans is recognized on an accrual basis. The allowance for loan losses is maintained at a level deemed adequate to absorb probable losses inherent in the loan portfolio. The Company consistently applies a quarterly loan review process to continually evaluate loans for changes in credit risk. This process serves as the primary means by which the Company evaluates the adequacy of the allowance for loan losses, and is based upon periodic review of the collectability of loans in light of historical experience, the nature and volume of the loan portfolio, adverse situations that may affect the borrower’s ability to repay, estimated value of any underlying collateral and prevailing economic conditions. This evaluation is inherently subjective as it requires estimates that are susceptible to significant revision as more information becomes available. The allowance consists of specific and general components. The specific component relates to loans that are impaired. The general component covers all loans that are not impaired, and is based upon historical loss experience adjusted for qualitative factors. The Company allocates the allowance based on the factors described below, which conform to the Company’s loan classification policy. In reviewing risk within the Bank and Mortgage Company’s loan portfolio, management has determined there to be several different risk categories within the loan portfolio. The allowance for loan losses consists of amounts applicable to: (i) residential real estate loans; (ii) commercial and commercial real estate secured loans; (iii) home equity loans; (iv) consumer and other loans. Factors considered in this process include general loan terms, collateral, and availability of historical data to support the analysis. Historical loss percentages for each loan category are calculated and used as the basis for calculating allowance allocations. Certain qualitative factors are evaluated to determine additional inherent risks in the loan portfolio, which are not necessarily reflected in the historical loss percentages. These factors are then added to the historical allocation percentages to get the adjusted factor to be applied to non-classified loans on a weighted basis, by risk grade. The following qualitative factors are analyzed: • Lending policies and procedures • Nature and volume of the portfolio • Experience and ability of lending management and staff • Volume and severity of problem credits • Conclusions of loan reviews, audits and exams • National, state, regional and local economic trends and business conditions ◦ General economic conditions ◦ Unemployment rates ◦ Inflation / CPI • Value of underlying collateral • Existence and effect of any credit concentrations • Consumer sentiment • Other external factors The Company analyzes its loan portfolio each quarter to determine the appropriateness of its allowance for loan losses. A loan that has deteriorated and requires additional collection efforts by the Bank could warrant non-accrual status. A thorough review is presented to the Chief Credit Officer and or the Management Loan Committee ("MLC"), as required with respect to any loan which is in a collection process and to make a determination as to whether the loan should be placed on non-accrual status. The placement of loans on non-accrual status is subject to applicable regulatory restrictions and guidelines. Generally, loans should be placed in non-accrual status when the loan reaches 90 days past due, when it becomes likely the borrower cannot or will not make scheduled principal or interest payments, when full repayment of principal and interest is not expected, or when the loan displays potential loss characteristics. Normally, all accrued interest is charged off when a loan is placed in non-accrual status, unless Management believes it is likely the accrued interest will be collected. Any payments subsequently received are applied to principal. To remove a loan from non-accrual status, all principal and interest due must be paid up to date and the Bank is reasonably sure of future satisfactory payment performance. Usually, this requires a six-month recent history of payments due. Removal of a loan from non-accrual status requires the approval of the Chief Credit Officer and or MLC. A loan is considered impaired when, based upon current information and events, it is probable that the Company will be unable to collect the scheduled payments of principal or interest when due according to the contractual terms of the loan agreement. Factors considered by management in determining impairment include payment status, collateral value, and the probability of collecting scheduled principal and interest payments when due. Loans that experience insignificant payment delays and shortages generally are not classified as impaired. Generally, the Company considers impaired loans to include loans classified as non-accrual loans, loans past due for longer than 90 days and troubled debt restructurings. The Company defers loan origination and commitment fees and direct loan origination costs and the net amount is amortized as an adjustment of the related loan’s yield.
Troubled Debt Restructurings (TDRs)	Troubled Debt Restructurings (TDRs) A restructuring of debt constitutes a TDR if the creditor for economic or legal reasons related to the debtor’s financial difficulties grants a concession to the debtor that it would not otherwise consider. The determination of whether a concession has been granted includes an evaluation of the debtor’s ability to access funds at a market rate for debt with similar risk characteristics and among other things, the significance of the modification relative to unpaid principal or collateral value of the debt, and/or the significance of a delay in the timing of payments relative to the frequency of payments, original maturity date or the expected duration of the loan. The most common concessions granted generally include one or more modifications to the terms of the debt such as a reduction in the interest rate for the remaining life of the debt, an extension of the maturity date at an interest rate lower than the current market rate for new debt with similar risk, or reduction of the unpaid principal or interest. All TDRs are considered impaired loans.
Interest Rate Lock Commitments and Forward Sales Commitment	Interest Rate Lock Commitments and Hedges The Company enters into commitments to originate mortgage loans whereby the interest rate on the loan is determined prior to funding (rate lock commitments). Rate lock commitments on mortgage loans that are intended to be sold are considered to be derivatives. The period of time between issuance of a loan commitment and closing and sale of the loan generally ranges from 30 days to 120 days . The Company protects itself from changes in interest rates through the use of best efforts forward delivery commitments, whereby the Company commits to sell a loan at the time the borrower commits to an interest rate with the intent that the buyer has assumed interest rate risk on the loan. The correlation between the rate lock commitments and hedges is very high due to their similarity. As a result of these strategies, the Company limits the exposure of losses with these arrangements and will not realize significant gains related to its rate lock commitments due to changes in interest rates. For loans not originated on a best effort basis, the Company also uses mortgage-backed security hedges and pair-offs to mitigate interest rate risk by entering securities and mortgage-backed securities trades with brokers. The fair value of rate lock commitments and hedges is not readily ascertainable with precision because rate lock commitments and hedges are not actively traded in stand-alone-markets. The Company determines the fair value of rate lock commitments and hedges by measuring the change in the value of the underlying asset while taking into consideration the probability that the rate lock commitments will close. Fair value changes are recorded in noninterest income in the Company’s consolidated statement of income.
Interest Rate Cap	Interest Rate Cap The Company has entered into a rate protection transaction through SMBC Capital Markets, Inc. covering the period November 26, 2014 through December 1, 2019 . The notional amount is $100 million and 3 month LIBOR is the underlying rate and the strike price is 3% . The 5 year coverage is broken into 20 quarterly caps. The Company’s fixed cost in the interest rate cap was $1.5 million . The credit support provider must maintain a long-term senior unsecured debt rating of A or better by S&P and A2 or better by Moody’s. The interest rate cap agreement is a free-standing derivative and is recorded at fair value on the Company’s consolidated balance sheet. Fair value changes are recorded in noninterest income in the Company’s consolidated net income statement.
Interest Rate Swap	Interest Rate Swap Beginning in 2015 , the Company entered into interest rate swap agreements to facilitate the risk management strategies of a small number of commercial banking clients. The Company mitigates this risk by entering into equal and offsetting interest rate swap agreements with highly rated third-party financial institutions. The interest rate swap agreements are free-standing derivatives and are recorded at fair value on the Company’s consolidated balance sheet. Fair value changes are recorded in noninterest income in the Company’s consolidated net income statement.
Mortgage Servicing Rights	Mortgage Servicing Rights Mortgage servicing rights (MSRs) are recorded when the Bank sells mortgage loans and retains the servicing on those loans. On a monthly basis, MVB tracks the amount of mortgage loans that are sold with servicing retained. A valuation is done to determine the MSR’s value, which is then recorded as an asset and amortized over the period of estimated net servicing revenues. The balance of MSR’s is evaluated for impairment quarterly, and was determined not to be impaired at December 31, 2017 or 2016 . Servicing loans for others generally consists of collecting mortgage payments from borrowers, maintaining escrow accounts, remitting payments to third party investors and when necessary, foreclosure processing.
Premises and Equipment	Premises and Equipment Premises and equipment are carried at cost less accumulated depreciation. Depreciation expense is computed for financial reporting by the straight-line-method based on the estimated useful lives of assets, which range from 7 to 40 years on buildings and leasehold improvements and 3 to 10 years on furniture, fixtures and equipment.
Intangible Assets and Goodwill	Intangible Assets and Goodwill Goodwill is reviewed for potential impairment at least annually at the reporting unit level. In addition to the annual impairment evaluation, the Company evaluates for impairment when events or circumstances indicate that it is more likely than not an impairment loss has occurred. The Company performs its annual impairment test during the fourth quarter. The Company first assesses qualitative factors to determine whether it is necessary to perform the two-step goodwill impairment test discussed below. The Company assesses qualitative factors to determine whether it is more likely than not that the fair value of a reporting unit is less than its carrying amount, including goodwill. Examples of qualitative factors include: economic conditions; industry and market considerations; increases in raw materials, labor, or other costs; overall financial performance such as negative or declining cash flows; relevant entity-specific events such as changes in management, key personnel, strategy, or customers; and regulatory or political developments. If, based on its assessment of the qualitative factors, the Company determines that it is not more likely than not that the fair value of a reporting unit is less than its carrying amount, then the first and second steps of the goodwill impairment test are not necessary. If determined to be necessary, a two-step impairment test is performed to identify potential goodwill impairment and measure the amount of a goodwill impairment loss to be recognized (if any). The first step requires the estimation of the reporting unit’s fair value. If the fair value of the reporting unit exceeds the carrying value, including goodwill, no further testing is required. If the carrying value exceeds the fair value, a second step is performed to determine whether an impairment charge must be recorded, and if so, the amount of such change. It was decided that the Company would early adopt ASU 2017-04, Intangibles–Goodwill and Other (Topic 350): Simplifying the Test for Goodwill Impairment. Topic 350, Intangibles—Goodwill and Other (Topic 350) and did so for the period ended December 31, 2017 . As such, the Company began using the one-step process for the annual impairment evaluation. The Company’s assessment of qualitative factors determined that it is not more likely than not that the fair value of each reporting unit is less than its carrying amount and therefore, goodwill is not impaired as of December 31, 2017 and 2016 . As of December 31, 2017 and 2016 , the Company had goodwill of $18.5 million , respectively. Intangible Assets include core deposit intangibles which are amortized over their useful life of ten years using the double-declining balance method.
Restricted Bank Stock	Restricted Bank Stock The Bank is a member of the FHLB of Pittsburgh and as such, is required to maintain a minimum investment in stock of the FHLB that varies with the level of advances outstanding with the FHLB. As of December 31, 2017 and 2016 , the Bank holds $7.6 million and $5.8 million , respectively. The stock is bought from and sold to the FHLB based upon its $100 par value. The stock does not have a readily determinable fair value and as such is classified as restricted stock, carried at cost and evaluated by management. The stock’s value is determined by the ultimate recoverability of the par value rather than by recognizing temporary declines. The determination of whether the par value will ultimately be recovered is influenced by criteria such as the following: (a) A significant decline in net assets of the FHLB as compared to the capital stock amount and the length of time this situation has persisted (b) commitments by the FHLB to make payments required by law or regulation and the level of such payments in relation to the operating performance (c) the impact of legislative and regulatory changes on the customer base of the FHLB and (d) the liquidity position of the FHLB. Management evaluated the stock and concluded that the stock was not impaired for the periods presented herein. Management considered that the FHLB’s regulatory capital ratios have improved in the most recent quarters, liquidity appears adequate, new shares of FHLB stock continue to exchange hands at the $100 par value and the FHLB has repurchased shares of excess capital stock from its members during 2017 and 2016 .
Foreclosed Assets Held for Resale	Foreclosed Assets Held for Resale Foreclosed assets held for resale acquired in satisfaction of mortgage obligations and in foreclosure proceedings are recorded at fair value less estimated selling costs at the time of foreclosure, with any valuation adjustments charged to the allowance for loan losses. In subsequent periods, foreclosed assets are recorded at the lower of cost or fair value less any costs to sell. Any gains or losses on sale are then recorded in other noninterest expense.
Bank-owned life insurance	Bank-Owned Life Insurance Bank-owned life insurance (“BOLI”) represents life insurance on the lives of certain Company employees who have provided positive consent allowing the Company to be the beneficiary of such policies. These policies are recorded at their cash surrender value, or the amount that can be realized upon surrender of the policy. Income from these policies is not subject to income taxes and is recorded as noninterest income.
Income Taxes	Income Taxes The Company and the Bank file a consolidated federal income tax return. Deferred tax assets and liabilities are computed based on the difference between the financial statement basis and income tax basis of assets and liabilities using the enacted marginal tax rates. Deferred income tax expenses or benefits are based on the changes in the net deferred tax asset or liability from period to period.
Stock Based Compensation	Stock Based Compensation Compensation cost is recognized for stock options issued to employees, based on the fair value of these awards at the date of grant. A Black-Scholes model is utilized to estimate the fair value of stock options. Compensation cost is recognized over the required service period, generally defined as the vesting period. For awards with graded vesting, compensation cost is recognized on a straight-line basis over the requisite service period for the entire award.
Earnings Per Share	Earnings Per Share The Company determines basic earnings per share by dividing net income less preferred stock dividends by the weighted average number of common shares outstanding during the period. Diluted earnings per share is determined by dividing net income less dividends on convertible preferred stock plus interest on convertible subordinated debt by the weighted average number of shares outstanding increased by both the number of shares that would be issued assuming the exercise of stock options under the Company’s 2003 and 2013 Stock Incentive Plans and the conversion of preferred stock and subordinated debt if dilutive. The 2015 dilutive earnings per share has been modified with the calculation of continuing and discontinued operations to use the denominator of shares from continuing operations for continuing, discontinuing, and total earnings per share.
Comprehensive Income	Comprehensive Income Accounting principles generally require that recognized revenue, expenses, gains and losses be included in net income. Although certain changes in assets and liabilities, such as unrealized gains and losses on available-for-sale securities and minimum pension liability, are reported as a separate component of the equity section of the Consolidated Balance Sheet, such items, along with net income, are components of comprehensive income. In 2018, the Company will be required to perform a reclassification from AOCI to retained earnings for stranded tax effects resulting from the newly enacted federal corporate income tax rate in the Tax Reform Act, which was enacted on December 22, 2017. As discussed previously, the Tax Reform Act included a reduction to the corporate income tax rate from 34 percent to 21 percent effective January 1, 2018. The amount of the reclassification is the difference between the historical corporate income tax rate and the newly enacted 21 percent corporate income tax rate, which resulted in a decrease of $646 thousand .
Marketing Costs	Marketing Costs Marketing costs are expensed as incurred.
Transfers of Financial Assets	Transfers of Financial Assets Transfers of financial assets are accounted for as sales when control over the assets has been surrendered. Control over transferred assets is deemed to be surrendered when (i) the assets have been isolated from the company, (ii) the transferee obtains the right (free of conditions that constrain it from taking advantage of that right) to pledge or exchange the transferred assets, and (iii) the Company does not maintain effective control over the transferred assets through an agreement to repurchase them before their maturity.
Reclassifications	Reclassifications Certain amounts in the 2016 and 2015 consolidated financial statements have been reclassified to conform to the 2017 financial statement presentation.
Recent Accounting Pronouncements	Recent Accounting Pronouncements In February 2018, the Financial Accounting Standards Board ("FASB") issued Accounting Standards Update ("ASU") 2018-02, Income Statement - Reporting Comprehensive Income (Topic 220): Reclassification of Certain Tax Effects from Accumulated Other Comprehensive Income . This update 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 Reform Act, which was enacted on December 22, 2017. The Tax Reform Act included a reduction to the corporate income tax rate from 34 percent to 21 percent effective January 1, 2018. The amount of the reclassification is the difference between the historical corporate income tax rate and the newly enacted 21 percent corporate income tax rate, which resulted in a decrease of $646 thousand . The amendments in the ASU are effective for fiscal years beginning after December 15, 2018, including interim periods within those fiscal years. Early adoption is permitted and the Company plans to adopt in 2018. In March 2017, the FASB issued ASU 2017-08, Receivables–Nonrefundable Fees and Other Costs (Subtopic 310-20): Premium Amortization on Purchased Callable Debt Securities . This ASU amends guidance on the amortization period of premiums on certain purchased callable debt securities. Specifically, the amendments shorten the amortization period of premiums on certain purchased callable debt securities to the earliest call date. The amendments affect all entities that hold investments in callable debt securities that have an amortized cost basis in excess of the amount that is repayable by the issuer at the earliest call date (that is, at a premium). For public companies, this update will be effective for fiscal years effective for fiscal years beginning after December 15, 2018, including all interim periods within those fiscal years. The adoption of this guidance is not expected to be material to the consolidated financial statements, as it is our current policy to amortize premiums of investment securities to the earliest call date. In January 2017, the FASB issued ASU 2017-04, Intangibles–Goodwill and Other (Topic 350): Simplifying the Test for Goodwill Impairment. Topic 350, Intangibles—Goodwill and Other (Topic 350), currently requires an entity that has not elected the private company alternative for goodwill to perform a two-step test to determine the amount, if any, of goodwill impairment. In Step 1, an entity compares the fair value of a reporting unit with its carrying amount, including goodwill. If the carrying amount of the reporting unit exceeds its fair value, the entity performs Step 2 and compares the implied fair value of goodwill with the carrying amount of that goodwill for that reporting unit. An impairment charge equal to the amount by which the carrying amount of goodwill for the reporting unit exceeds the implied fair value of that goodwill is recorded, limited to the amount of goodwill allocated to that reporting unit To address concerns over the cost and complexity of the two-step goodwill impairment test, the amendments in this Update remove the second step of the test. An entity will apply a one-step quantitative test and record the amount of goodwill impairment as the excess of a reporting unit's carrying amount over its fair value, not to exceed the total amount of goodwill allocated to the reporting unit. The new guidance does not amend the optional qualitative assessment of goodwill impairment. For public companies, this update will be effective for fiscal years effective for fiscal years beginning after December 15, 2019, including all interim periods within those fiscal years. The adoption of this guidance did not have a material impact on the consolidated financial statements. In June 2016, the FASB issued ASU 2016-13, Financial Instruments-Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments. The new guidance replaces the incurred loss impairment methodology in current GAAP with an expected credit loss methodology and requires consideration of a broader range of information to determine credit loss estimates. Financial assets measured at amortized cost will be presented at the net amount expected to be collected by using an allowance for credit losses. Purchased credit impaired loans will receive an allowance account at the acquisition date that represents a component of the purchase price allocation. Credit losses relating to available-for-sale debt securities will be recorded through an allowance for credit losses, with such allowance limited to the amount by which fair value is below amortized cost. The guidance is effective for fiscal years beginning after December 15, 2019 and interim periods within those fiscal years. The Company's project management team and Management Loan Committee ("MLC") engaged a third party to assist with a data gap analysis and will utilize the data to determine the impact of the pronouncement. Additionally, the Company has researched and acquired software to assist with implementation that will be tested throughout 2018. In February 2016, the FASB issued ASU 2016-02, Leases (Topic 842) . Among other things, in the amendments in ASU 2016-02, lessees will be required to recognize the following for all leases (with the exception of short-term leases) at the commencement date:(1) A lease liability, which is a lessee‘s obligation to make lease payments arising from a lease, measured on a discounted basis; and (2) A right-of-use asset, which is an asset that represents the lessee’s right to use, or control the use of, a specified asset for the lease term. Under the new guidance, lessor accounting is largely unchanged. Certain targeted improvements were made to align, where necessary, lessor accounting with the lessee accounting model and Topic 606, Revenue from Contracts with Customers. The amendments in this ASU are effective for fiscal years beginning after December 15, 2018, including interim periods within those fiscal years. Early application is permitted upon issuance. Lessees (for capital and operating leases) and lessors (for sales-type, direct financing and operating leases) must apply a modified retrospective transition approach for leases existing at, or entered into after, the beginning of the earliest comparative period presented in the financial statements. The modified retrospective approach would not require any transition accounting for leases that expired before the earliest comparative period presented. Lessees and lessors may not apply a full retrospective transition approach. The Company established a project management team, which is currently evaluating the impact of the new standard, and expects an increase to the Consolidated Balance Sheets for right-of-use assets and associated lease liabilities, as well as resulting depreciation expense of the right-of-use assets and interest expense of the lease liabilities in the Consolidated Statements of Income, for arrangements previously accounted for as operating leases. In January 2016, the FASB issued ASU 2016-01, Accounting for Financial Instruments - Overall: Classification and Measurement (Subtopic 825-10) . Amendments within ASU 2016-01 that relate to non-public entities have been excluded from this presentation. The amendments in this ASU 2016-01 address the following: 1) require equity investments to be measured at fair value with changes in fair value recognized in net income; 2) simplify the impairment assessment of equity investments without readily-determinable fair values by requiring a qualitative assessment to identify impairment; 3) eliminate the requirement to disclose the method(s) 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; 4) require entities to use the exit price notion when measuring the fair value of financial instruments for disclosure purposes; 5) require separate presentation in other comprehensive income for 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; 6) require separate presentation of financial assets and financial liabilities by measurement category and form of financial asset (that is, securities or loans and receivables) on the balance sheet or the accompanying notes to the financial statements; and 7) 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 amendments are effective for public business entities for fiscal years beginning after December 15, 2017, and interim periods within those fiscal years. The Company has performed a preliminary evaluation of these amendments. Based on this evaluation, the Company has determined that this new standard is not expected to have a material impact on the Company's consolidated financial statements as it relates to accounting for financial instruments, as the effect of this pronouncement would be a reclassification of $219 thousand from accumulated other comprehensive income to retained earnings upon adoption. In May 2014, the FASB issued ASU 2014-09, Revenue from Contracts with Customers (Topic 606) . The new revenue pronouncement creates a single source of revenue guidance for all companies in all industries and is more principles-based than current revenue guidance. The pronouncement provides a five-step model for a company to recognize revenue when it transfers control of goods or services to customers at an amount that reflects the consideration to which it expects to be entitled in exchange for those goods or services. The five steps are, (1) identify the contract with the customer, (2) identify the separate performance obligations in the contract, (3) determine the transaction price, (4) allocate the transaction price to the separate performance obligations and (5) recognize revenue when each performance obligation is satisfied. On July 9, 2015, the FASB approved a one-year deferral of the effective date of the update. The update is effective for interim and annual reporting periods in fiscal years beginning after December 15, 2017. Early adoption is now permitted as of the original effective date for interim and annual reporting periods in fiscal years beginning after December 15, 2016. In March 2016, the FASB issued ASU 2016-08, which amends the principal versus agent guidance in the revenue standard. In April 2016, the FASB issued ASU 2016-10, which clarifies when promised goods or services are separately identifiable in the revenue standard. In May 2016, FASB issued ASU 2016-12, which provides narrow-scope improvements and practical expedients to the revenue standard. The Company evaluated the impact of this standard on individual customer contracts, while management evaluated the impact of this standard on the broad categories of its customer contracts and revenue streams. The Company determined that this standard will not have a material impact on its consolidated financial statements because revenue related to financial instruments, including loans and investment securities are not in scope of these updates. Loan interest income, investment interest income, insurance services revenue and BOLI are accounted for under other U.S. GAAP standards and out of scope of ASC 606 revenue standard. The Company completed its evaluation and review of this standard and determined that this guidance will not have a material effect on the consolidated financial statements, and as such, adopted the revenue recognition standard as of January 1, 2018.

SUMMARY OF SIGNIFICANT ACCOUN34

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)	12 Months Ended
	Dec. 31, 2017
Accounting Policies [Abstract]
Earnings Per Share	For the years ended December 31, (Dollars in thousands except shares and per share data) 2017 2016 2015 Numerator for basic earnings per share: Net Income from continuing operations $ 7,575 $ 8,977 $ 6,603 Less: Dividends on preferred stock 498 1,128 575 Net Income from continuing operations available to common shareholders - basic 7,077 7,849 6,028 Net Income from discontinued operations available to common shareholders - basic and diluted — 3,935 213 Net Income available to common shareholders $ 7,077 $ 11,784 $ 6,241 Numerator for diluted earnings per share: Net Income from continuing operations available to common shareholders - basic $ 7,077 $ 7,849 $ 6,028 Add: Dividends on preferred stock — — — Add: Interest on subordinated debt (tax effected) — 1,390 — Net Income available to common shareholders from continuing operations - diluted $ 7,077 $ 9,239 $ 6,028 Denominator: Total average shares outstanding 10,308,738 8,212,021 8,014,316 Effect of dilutive convertible preferred stock — — — Effect of dilutive convertible subordinated debt — 1,837,500 — Effect of dilutive stock options 131,490 19,212 125,800 Total diluted average shares outstanding 10,440,228 10,068,733 8,140,116 Earnings per share from continuing operations - basic $ 0.69 $ 0.96 $ 0.75 Earnings per share from discontinued operations - basic $ — $ 0.48 $ 0.03 Earnings per common shareholder - basic $ 0.69 $ 1.44 $ 0.78 Earnings per share from continuing operations - diluted $ 0.68 $ 0.92 $ 0.74 Earnings per share from discontinued operations - diluted $ — $ 0.39 $ 0.03 Earnings per common shareholder - diluted $ 0.68 $ 1.31 $ 0.77

INVESTMENT SECURITIES (Tables)

INVESTMENT SECURITIES (Tables)	12 Months Ended
	Dec. 31, 2017
Investments, Debt and Equity Securities [Abstract]
Amortized Cost and Fair Values of Investment Securities Available-for-sale	Amortized cost and fair values of investment securities available-for-sale at December 31, 2017 are summarized as follows: (Dollars in thousands) Amortized Cost Unrealized Gain Unrealized Loss Fair Value U. S. Agency securities $ 81,705 $ 81 $ (841 ) $ 80,945 U.S. Sponsored Mortgage-backed securities 59,387 31 (1,264 ) 58,154 Municipal securities 74,482 1,733 (373 ) 75,842 Total debt securities 215,574 1,845 (2,478 ) 214,941 Equity and other securities 15,940 644 (18 ) 16,566 Total investment securities available-for-sale $ 231,514 $ 2,489 $ (2,496 ) $ 231,507 Amortized cost and fair values of investment securities available-for-sale at December 31, 2016 are summarized as follows: (Dollars in thousands) Amortized Cost Unrealized Gain Unrealized Loss Fair Value U. S. Agency securities $ 29,234 $ 7 $ (425 ) $ 28,816 U.S. Sponsored Mortgage-backed securities 56,080 14 (1,362 ) 54,732 Municipal securities 72,075 744 (2,023 ) 70,796 Total debt securities 157,389 765 (3,810 ) 154,344 Equity and other securities 7,643 381 — 8,024 Total investment securities available-for-sale $ 165,032 $ 1,146 $ (3,810 ) $ 162,368
Amortized Cost and Fair Values of Debt Securities by Maturity	The following table summarizes amortized cost and fair values of debt securities by maturity: December 31, 2017 Available for sale (Dollars in thousands) Amortized Cost Fair Value Within one year $ 300 $ 302 After one year, but within five 37,208 37,210 After five years, but within ten 31,768 31,258 After ten years 146,298 146,171 Total $ 215,574 $ 214,941
Investments in an Unrealized Loss Position	The following table discloses investments in an unrealized loss position at December 31, 2017 : (Dollars in thousands) Less than 12 months 12 months or more Description and number of positions Fair Value Unrealized Loss Fair Value Unrealized Loss U.S. Agency securities (45) $ 61,834 $ (659 ) $ 7,709 $ (182 ) U.S. Sponsored Mortgage-backed securities (39) 16,825 (159 ) 37,427 (1,105 ) Municipal securities (47) 8,826 (48 ) 16,781 (325 ) Equity and other securities (2) $ 1,034 $ (18 ) $ — $ — $ 88,519 $ (884 ) $ 61,917 $ (1,612 ) The following table discloses investments in an unrealized loss position at December 31, 2016 : (Dollars in thousands) Less than 12 months 12 months or more Description and number of positions Fair Value Unrealized Loss Fair Value Unrealized Loss U.S. Agency securities (16) $ 28,814 $ (425 ) $ — $ — U.S. Sponsored Mortgage-backed securities (29) 33,209 (1,040 ) 13,919 (322 ) Municipal securities (86) 42,727 (2,023 ) — — $ 104,750 $ (3,488 ) $ 13,919 $ (322 )

LOANS AND ALLOWANCE FOR LOAN 36

LOANS AND ALLOWANCE FOR LOAN LOSSES (Tables)	12 Months Ended
	Dec. 31, 2017
Receivables [Abstract]
Components of Loans in Consolidated Balance Sheet	The components of loans in the Consolidated Balance Sheet at December 31, were as follows: (Dollars in thousands) 2017 2016 Commercial and Non-Residential Real Estate $ 783,909 $ 756,619 Residential Real Estate 246,214 215,452 Home Equity 62,400 65,386 Consumer 12,783 14,511 Total Loans 1,105,306 1,051,968 Deferred loan origination fees and costs, net 635 897 Loans receivable $ 1,105,941 $ 1,052,865
Primary Segments of the Loan Portfolio	The following table summarizes the primary segments of the loan portfolio as of December 31, 2017 and 2016 : (Dollars in thousands) Commercial Residential Home Equity Consumer Total December 31, 2017 Individually evaluated for impairment $ 13,796 $ 1,569 $ 13 $ 178 $ 15,556 Collectively evaluated for impairment 770,113 244,645 62,387 12,605 1,089,750 Total Loans $ 783,909 $ 246,214 $ 62,400 $ 12,783 $ 1,105,306 December 31, 2016 Individually evaluated for impairment $ 10,781 $ 1,161 $ 132 $ 78 $ 12,152 Collectively evaluated for impairment 745,838 214,291 65,254 14,433 1,039,816 Total Loans $ 756,619 $ 215,452 $ 65,386 $ 14,511 $ 1,051,968
Impaired Loans by Class	The following table presents impaired loans by class, segregated by those for which a specific allowance was required and those for which a specific allowance was not necessary as of December 31, 2017 and 2016 : Impaired Loans with Specific Allowance Impaired Loans with No Specific Allowance Total Impaired Loans (Dollars in thousands) Recorded Investment Related Allowance Recorded Investment Recorded Investment Unpaid Principal Balance December 31, 2017 Commercial Commercial Business $ 3,283 $ 22 $ 979 $ 4,262 $ 4,275 Commercial Real Estate 4,603 1,150 2,814 7,417 7,921 Acquisition & Development — — 2,117 2,117 4,090 Total Commercial 7,886 1,172 5,910 13,796 16,286 Residential — — 1,569 1,569 1,601 Home Equity — — 13 13 13 Consumer 69 16 109 178 475 Total Impaired Loans $ 7,955 $ 1,188 $ 7,601 $ 15,556 $ 18,375 December 31, 2016 Commercial Commercial Business $ — $ — $ 3,342 $ 3,342 $ 4,102 Commercial Real Estate 2,757 302 892 3,649 3,676 Acquisition & Development 264 74 3,526 3,790 6,059 Total Commercial 3,021 376 7,760 10,781 13,837 Residential 783 122 378 1,161 1,166 Home Equity 62 36 70 132 135 Consumer 16 9 62 78 285 Total Impaired Loans $ 3,882 $ 543 $ 8,270 $ 12,152 $ 15,423
Average Recorded Investment in Impaired Loans and Related Interest Income Recognized	The following table presents the average recorded investment in impaired loans and related interest income recognized for the years ended: December 31, 2017 December 31, 2016 December 31, 2015 (Dollars in thousands) Average Investment in Impaired Loans Interest Income Recognized on Accrual Basis Interest Income Recognized on Cash Basis Average Investment in Impaired Loans Interest Income Recognized on Accrual Basis Interest Income Recognized on Cash Basis Average Investment in Impaired Loans Interest Income Recognized on Accrual Basis Interest Income Recognized on Cash Basis Commercial Commercial Business $ 3,718 $ 155 $ 113 $ 4,027 $ 155 $ 104 $ 3,153 $ 156 $ 114 Commercial Real Estate 3,199 100 98 3,590 100 75 6,618 63 61 Acquisition & Development 3,429 9 13 3,983 9 112 2,408 9 10 Total Commercial 10,346 264 224 11,600 264 291 12,179 228 185 Residential 1,424 13 53 928 20 28 920 12 13 Home Equity 538 1 1 50 1 1 28 1 1 Consumer 187 — — 245 — — 1 — — Total $ 12,495 $ 278 $ 278 $ 12,823 $ 285 $ 320 $ 13,128 $ 241 $ 199
Classes of the Loan Portfolio Summarized by the Aggregate Pass and the Criticized Categories	The following table represents the classes of the loan portfolio summarized by the aggregate Pass and the criticized categories of Special Mention, Substandard and Doubtful within the internal risk rating system as of December 31, 2017 and 2016 : (Dollars in thousands) Pass Special Mention Substandard Doubtful Total December 31, 2017 Commercial Commercial Business $ 371,041 $ 4,816 $ 4,506 $ — $ 380,363 Commercial Real Estate 271,751 22,995 5,961 1,149 301,856 Acquisition & Development 96,712 931 2,230 1,817 101,690 Total Commercial 739,504 28,742 12,697 2,966 783,909 Residential 242,823 3,036 223 132 246,214 Home Equity 61,037 1,311 52 — 62,400 Consumer 12,453 174 25 131 12,783 Total Loans $ 1,055,817 $ 33,263 $ 12,997 $ 3,229 $ 1,105,306 December 31, 2016 Commercial Commercial Business $ 376,734 $ 2,933 $ 6,833 $ 69 $ 386,569 Commercial Real Estate 240,851 26,340 3,532 737 271,460 Acquisition & Development 90,875 1,905 2,584 3,226 98,590 Total Commercial 708,460 31,178 12,949 4,032 756,619 Residential 212,869 1,664 787 132 215,452 Home Equity 64,706 582 98 — 65,386 Consumer 14,134 302 13 62 14,511 Total Loans $ 1,000,169 $ 33,726 $ 13,847 $ 4,226 $ 1,051,968
Classes of the Loan Portfolio Summarized by Aging Categories	The following table presents the classes of the loan portfolio summarized by aging categories of performing loans and nonaccrual loans as of December 31, 2017 and 2016 : (Dollars in thousands) Current 30-59 Days Past Due 60-89 Days Past Due 90+ Days Past Due Total Past Due Total Loans Non-Accrual 90+ Days Still Accruing December 31, 2017 Commercial Commercial Business $ 377,901 $ 512 $ 1,368 $ 582 $ 2,462 $ 380,363 $ 1,027 $ — Commercial Real Estate 300,282 45 1,149 380 1,574 301,856 5,206 — Acquisition & Development 99,573 — 874 1,243 2,117 101,690 2,117 — Total Commercial 777,756 557 3,391 2,205 6,153 783,909 8,350 — Residential 243,177 1,879 707 451 3,037 246,214 1,157 — Home Equity 61,907 240 240 13 493 62,400 13 — Consumer 12,634 11 — 138 149 12,783 179 — Total Loans $ 1,095,474 $ 2,687 $ 4,338 $ 2,807 $ 9,832 $ 1,105,306 $ 9,699 $ — December 31, 2016 Commercial Commercial Business $ 386,311 $ 15 $ 169 $ 74 $ 258 $ 386,569 $ 74 $ — Commercial Real Estate 270,339 229 — 892 1,121 271,460 1,375 — Acquisition & Development 96,014 — — 2,576 2,576 98,590 3,526 — Total Commercial 752,664 244 169 3,542 3,955 756,619 4,975 — Residential 212,502 2,067 419 464 2,950 215,452 1,072 — Home Equity 64,791 525 — 70 595 65,386 104 — Consumer 14,354 55 34 68 157 14,511 78 — Total Loans $ 1,044,311 $ 2,891 $ 622 $ 4,144 $ 7,657 $ 1,051,968 $ 6,229 $ —
Allowance Activity	Activity in the allowance is presented for the periods indicated: (Dollars in thousands) Commercial Residential Home Equity Consumer Total ALL balance at December 31, 2016 $ 7,181 $ 990 $ 728 $ 202 $ 9,101 Charge-offs (1,138 ) (141 ) (109 ) (109 ) (1,497 ) Recoveries 39 40 4 18 101 Provision 1,722 230 82 139 2,173 ALL balance at December 31, 2017 $ 7,804 $ 1,119 $ 705 $ 250 $ 9,878 Individually evaluated for impairment $ 1,172 $ — $ — $ 16 $ 1,188 Collectively evaluated for impairment $ 6,632 $ 1,119 $ 705 $ 234 $ 8,690 (Dollars in thousands) Commercial Residential Home Equity Consumer Total ALL balance at December 31, 2015 $ 6,066 $ 1,095 $ 715 $ 130 $ 8,006 Charge-offs (1,995 ) (124 ) (100 ) (338 ) (2,557 ) Recoveries 8 2 9 1 20 Provision 3,102 17 104 409 3,632 ALL balance at December 31, 2016 $ 7,181 $ 990 $ 728 $ 202 $ 9,101 Individually evaluated for impairment $ 376 $ 122 $ 36 $ 9 $ 543 Collectively evaluated for impairment $ 6,805 $ 868 $ 692 $ 193 $ 8,558 (Dollars in thousands) Commercial Residential Home Equity Consumer Total ALL balance at December 31, 2014 $ 4,363 $ 962 $ 691 $ 207 $ 6,223 Charge-offs (708 ) (28 ) (5 ) (6 ) (747 ) Recoveries 20 2 4 11 37 Provision 2,391 159 25 (82 ) 2,493 ALL balance at December 31, 2015 $ 6,066 $ 1,095 $ 715 $ 130 $ 8,006 Individually evaluated for impairment $ 708 $ 276 $ 28 $ 1 $ 1,013 Collectively evaluated for impairment $ 5,358 $ 819 $ 687 $ 129 $ 6,993
Loans Identified as Troubled Debt Restructuring	The following table presents details related to loans identified as Troubled Debt Restructurings during the years ended December 31, 2017 and 2016 . New TDR's 1 December 31, 2017 December 31, 2016 (Dollars in thousands) Number of Contracts Pre-Modification Outstanding Recorded Investment Post-Modification Outstanding Recorded Investment Number of Contracts Pre-Modification Outstanding Recorded Investment Post-Modification Outstanding Recorded Investment Commercial Commercial Business 1 $ 147 $ 147 — $ — $ — Commercial Real Estate — — — — — — Acquisition & Development — — — — — — Total Commercial 1 147 147 — — — Residential — — — — — — Home Equity — — — — — — Consumer — — — — — — Total 1 $ 147 $ 147 — $ — $ — 1 The pre-modification and post-modification balances represent the balances outstanding immediately before and after modification of the loan.

PREMISES AND EQUIPMENT (Tables)

PREMISES AND EQUIPMENT (Tables)	12 Months Ended
	Dec. 31, 2017
Property, Plant and Equipment [Abstract]
Schedule of Premises and Equipment	Premises and equipment at December 31, were as follows: (Dollars in thousands) 2017 2016 Land $ 3,901 $ 3,965 Buildings and improvements 17,358 16,906 Furniture, fixtures and equipment 14,864 12,127 Construction in progress 855 608 Leasehold improvements 1,530 1,345 38,508 34,951 Accumulated depreciation (11,822 ) (9,870 ) Net premises and equipment $ 26,686 $ 25,081

DEPOSITS (Tables)

DEPOSITS (Tables)	12 Months Ended
	Dec. 31, 2017
Deposits [Abstract]
Schedule of Deposits	Deposits at December 31, were as follows: (Dollars in thousands) 2017 2016 Demand deposits of individuals, partnerships, and corporations Noninterest bearing demand $ 125,963 $ 115,692 Interest bearing demand 436,303 414,031 Savings and money markets 284,795 280,533 Time deposits including CDs and IRAs 312,519 296,761 Total deposits $ 1,159,580 $ 1,107,017 Time deposits that meet or exceed the FDIC insurance limit $ 18,832 $ 18,727
Maturities of Time Deposits	Maturities of time deposits at December 31, 2017 were as follows (Dollars in thousands): 2018 $ 169,220 2019 61,254 2020 36,758 2021 12,268 2022 33,019 Total $ 312,519

BORROWED FUNDS (Tables)

BORROWED FUNDS (Tables)	12 Months Ended
	Dec. 31, 2017
Debt Disclosure [Abstract]
Information Related to Short-term Borrowings	Information related to short-term borrowings is summarized as follows: (Dollars in thousands) 2017 2016 2015 Balance at end of year $ 149,596 $ 87,733 $ 179,917 Average balance during the year 100,969 137,822 121,425 Maximum month-end balance 220,097 210,600 179,917 Weighted-average rate during the year 1.16 % 0.51 % 0.34 % Weighted-average rate at December 31 1.61 % 0.74 % 0.44 %
Information Related To Repurchase Agreements	Information related to repurchase agreements is summarized as follows: (Dollars in thousands) 2017 2016 2015 Balance at end of year $ 22,403 $ 25,160 $ 27,437 Average balance during the year 25,160 27,066 26,884 Maximum month-end balance 25,972 29,561 32,470 Weighted-average rate during the year 0.30 % 0.27 % 0.31 % Weighted-average rate at December 31 0.34 % 0.28 % 0.30 %
Long-term Notes from the FHLB	Long-term notes from the FHLB as of December 31, were as follows: (Dollars in thousands) 2017 2016 Fixed interest rate notes, originating between October 2006 and April 2007, due between October 2021 and April 2022, interest of between 5.18% and 5.20% payable monthly $ 1,798 $ 2,390 Amortizing fixed interest rate note, originating February 2007, due February 2022, payable in monthly installments of $5 thousand, including interest of 5.22% 775 798 $ 2,573 $ 3,188
Information Related to Subordinated Debt	Information related to subordinated debt is summarized as follows: (Dollars in thousands) 2017 2016 2015 Balance at end of year $ 33,524 $ 33,524 $ 33,524 Average balance during the year 33,524 33,524 33,524 Maximum month-end balance 33,524 33,524 33,524 Weighted-average rate during the year 6.69 % 6.64 % 6.57 % Weighted-average rate at December 31 6.70 % 6.63 % 6.57 %
Maturities of Borrowings and Subordinated Debt	A summary of maturities of borrowings and subordinated debt over the next five years is as follows (dollars in thousands): Year Amount 2018 149,677 2019 85 2020 90 2021 886 2022 1,431 Thereafter 33,524 $ 185,693

COMMITMENTS AND CONTINGENT LI40

COMMITMENTS AND CONTINGENT LIABILITIES (Tables)	12 Months Ended
	Dec. 31, 2017
Commitments and Contingencies Disclosure [Abstract]
Contractual Amounts of Commitments	Total contractual amounts of the commitments as of December 31, were as follows: (Dollars in thousands) 2017 2016 Available on lines of credit $ 327,647 $ 255,469 Stand-by letters of credit 12,297 13,387 Other loan commitments 1,396 1,819 $ 341,340 $ 270,675

INCOME TAXES (Tables)

INCOME TAXES (Tables)	12 Months Ended
	Dec. 31, 2017
Income Tax Disclosure [Abstract]
Provision for Income Taxes	The provisions for income taxes for the years ended December 31, were as follows: (Dollars in thousands) 2017 2016 2015 Current: Federal $ 2,635 $ 4,885 $ 2,830 State 771 1,197 591 $ 3,406 $ 6,082 $ 3,421 Deferred expense (benefit) Federal $ 1,268 $ 665 $ (371 ) State 81 42 (24 ) 1,349 707 (395 ) Income tax expense (benefit) $ 4,755 $ 6,789 $ 3,026
Reconciliation of Income Taxes at Federal Statutory Rates to Recorded Income Taxes	Following is a reconciliation of income taxes at federal statutory rates to recorded income taxes for the year ended December 31 : 2017 2016 2015 (Dollars in thousands) Amount % Amount % Amount % Tax at Federal tax rate $ 4,369 34 % $ 6,689 34 % $ 3,346 34 % Tax effect of: State income tax 771 6.0 % 1,197 6.0 % 246 2.5 % Tax exempt earnings (1,031 ) (6.4 )% (1,097 ) (5.5 )% (566 ) (5.8 )% Impact of deferred tax rate change $ 646 5.0 % $ — — % $ — — % $ 4,755 38.6 % $ 6,789 34.5 % $ 3,026 30.7 %
Deferred Income Tax Assets and (Liabilities)	Deferred income tax assets and (liabilities) were comprised of the following at December 31 : (Dollars in thousands) 2017 2016 Allowance for loan losses $ 2,798 $ 2,641 Minimum pension liability 1,342 1,786 Unrealized loss on securities available-for-sale 2 1,066 Gross deferred tax assets 4,142 5,493 Depreciation (1,137 ) (1,352 ) Pension (21 ) (6 ) Goodwill (1,523 ) (465 ) Gross deferred tax liabilities (2,681 ) (1,823 ) Net deferred tax asset $ 1,461 $ 3,670

RELATED PARTY TRANSACTIONS (Tab

RELATED PARTY TRANSACTIONS (Tables)	12 Months Ended
	Dec. 31, 2017
Related Party Transactions [Abstract]
Related Loan Activity	Set forth below is a summary of the related loan activity. (Dollars in thousands) Balance at Beginning of Year Borrowings Executive Officer and Director Retirements Repayments Balance at End of Year December 31, 2017 $ 28,536 $ 129,947 $ (525 ) $ (139,300 ) $ 18,658 December 31, 2016 $ 42,840 $ 251,708 $ (7,194 ) $ (258,818 ) $ 28,536

PENSION PLAN (Tables)

PENSION PLAN (Tables)	12 Months Ended
	Dec. 31, 2017
Retirement Benefits [Abstract]
Defined Benefit Plan Activity	Information pertaining to the activity in the Company’s defined benefit plan, using the latest available actuarial valuations with a measurement date of December 31, 2017 and 2016 is as follows: (Dollars in thousands) 2017 2016 Change in benefit obligation Benefit obligation at beginning of year $ 9,021 $ 8,662 Service cost — — Interest cost 360 367 Actuarial loss 95 4 Assumption changes 775 179 Curtailment impact — — Benefits paid (193 ) (191 ) Benefit obligation at end of year $ 10,058 $ 9,021 Change in plan assets: Fair value of plan assets at beginning of year $ 4,573 $ 4,486 Actual return on plan assets 467 96 Employer contribution 319 182 Benefits paid (193 ) (191 ) Fair value of plan assets at end of year $ 5,166 $ 4,573 Funded status $ (4,892 ) $ (4,448 ) Unrecognized net actuarial loss 4,972 4,464 Unrecognized prior service cost — — Prepaid pension cost recognized $ 80 $ 16 Accumulated benefit obligation $ 10,058 $ 9,021
Weighted Average Assumptions Used	At December 31, 2017 , 2016 and 2015 , the weighted average assumptions used to determine the benefit obligation are as follows: 2017 2016 2015 Discount rate 3.55 % 4.05 % 4.30 % Rate of compensation increase n/a n/a n/a For the years December 31, 2017 , 2016 and 2015 , the weighted average assumptions used to determine net periodic pension cost are as follows: 2017 2016 2015 Discount rate 4.05 % 4.30 % 3.90 % Expected long-term rate of return on plan assets 6.75 % 6.75 % 6.75 % Rate of compensation increase n/a n/a n/a
Components of Net Periodic Pension Cost	The components of net periodic pension cost are as follows: (Dollars in thousands) 2017 2016 2015 Service cost $ — $ — $ — Interest cost 360 367 315 Expected return on plan assets (345 ) (330 ) (316 ) Amortization of prior service costs — — — Amortization of net actuarial loss 241 236 257 Net periodic pension cost $ 256 $ 273 $ 256
Pension Plan Asset Allocations	The Company’s pension plan asset allocations at December 31, 2017 and 2016 , as well as target allocations for 2017 are as follows: 12/31/2017 12/31/2016 Plan Assets Cash 9 % 16 % Fixed income 23 % 28 % Alternative investments 13 % 9 % Domestic equities 32 % 28 % Foreign equities 23 % 19 % Total 100 % 100 %
Plan Assets at Fair Value by Level	The following table sets forth by level, within the fair value hierarchy, as defined in Note 18, "Fair Value Measurements" of the Notes to the Consolidated Financial Statements included in Item 8, Financial Statements and Supplementary Data, of this Annual Report on Form 10-K, the Plan’s assets at fair value as of December 31, 2017 . (Dollars in thousands) Level I Level II Level III Total Assets: Cash $ 465 $ — $ — $ 465 Fixed income 1,188 — — 1,188 Alternative investments — — 672 672 Domestic equities 1,653 — — 1,653 Foreign equities 1,188 — — 1,188 Total assets at fair value $ 4,494 $ — $ 672 $ 5,166 The following table sets forth by level, within the fair value hierarchy, as defined in Note 18, "Fair Value Measurements" of the Notes to the Consolidated Financial Statements included in Item 8, Financial Statements and Supplementary Data, of this Annual Report on Form 10-K, the Plan’s assets at fair value as of December 31, 2016 . (Dollars in thousands) Level I Level II Level III Total Assets: Cash $ 732 $ — $ — $ 732 Fixed income 1,280 — — 1,280 Alternative investments — — 412 412 Domestic equities 1,280 — — 1,280 Foreign equities 869 — — 869 Total assets at fair value $ 4,161 $ — $ 412 $ 4,573
Estimate of Plan Contributions in Future Years	Below we show the best estimate of the plan contribution for next fiscal year. We also show the benefits expected to be paid in each of the next five fiscal years, and in the aggregate for the five fiscal years thereafter. (Dollars in thousands) Cash Flow Contributions for the period of 01/01/18 through 12/31/18 $ 416 Estimated future benefit payments reflecting expected future service 2018 $ 251 2019 $ 259 2020 $ 283 2021 $ 299 2022 $ 308 2023 through 2027 $ 2,129

GOODWILL AND OTHER INTANGIBLE44

GOODWILL AND OTHER INTANGIBLE ASSETS (Tables)	12 Months Ended
	Dec. 31, 2017
Goodwill and Intangible Assets Disclosure [Abstract]
Changes in Carrying Amounts of Goodwill and Other Intangibles	The table below summarizes the changes in carrying amounts of goodwill and other intangibles (core deposit intangibles) for the periods presented: Core Deposit Intangible (Dollars in thousands) Goodwill Gross Accumulated Depreciation Net Balance at January 1, 2017 $ 18,480 $ 1,006 $ (262 ) $ 744 Amortization expense — — (98 ) (98 ) Balance at December 31, 2017 $ 18,480 $ 1,006 $ (360 ) $ 646 Balance at January 1, 2016 $ 18,480 $ 1,006 $ (161 ) $ 845 Amortization expense — — (101 ) (101 ) Balance at December 31, 2016 $ 18,480 $ 1,006 $ (262 ) $ 744 Balance at January 1, 2015 $ 17,779 $ 128 $ (127 ) $ 1 Goodwill and core deposit intangible resulting from branch acquisition 701 878 — 878 Amortization expense — — (34 ) (34 ) Balance at December 31, 2015 $ 18,480 $ 1,006 $ (161 ) $ 845
Estimated Amortization Expense for Other Intangible Assets	The table below presents estimated amortization expense for the Company’s other intangible assets (dollars in thousands): 2018 $ 96 2019 93 2020 90 2021 87 2022 83 Thereafter 197 $ 646

STOCK OPTIONS (Tables)

STOCK OPTIONS (Tables)	12 Months Ended
	Dec. 31, 2017
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Stock Option Activity	The following summarizes MVB’s stock options as of and for the year ended December 31, 2017 , and the changes for the year then ended: 2017 2016 Number of Shares Weighted Average Exercise Price Number of Shares Weighted Average Exercise Price Outstanding at beginning of year 1,499,795 $ 13.11 1,190,295 $ 13.15 Granted 321,750 15.12 432,000 12.72 Exercised (49,400 ) 12.24 (55,000 ) 9.02 Forfeited/expired (94,500 ) 8.41 (67,500 ) 14.59 Outstanding at end of year 1,677,645 $ 13.46 1,499,795 $ 13.11 Exercisable at end of year 910,647 $ 13.00 768,598 $ 12.75 Weighted-average fair value of options granted during 2017 $ 4.05 Weighted-average fair value of options granted during 2016 $ 2.98 Weighted-average fair value of options granted during 2015 $ 2.72
Outstanding and Exercisable Options Information	The following summarizes information related to the total outstanding and exercisable options at December 31, 2017 : Options Outstanding Options Exercisable Total Options Weighted-Average Exercise Price Intrinsic Value Weighted-Average Remaining Life Total Options Weighted-Average Exercise Price Intrinsic Value Weighted-Average Remaining Life 1,677,645 $ 13.46 11,145,745 6.63 910,647 $ 13.00 6,465,272 5.28

REGULATORY CAPITAL REQUIREMEN46

REGULATORY CAPITAL REQUIREMENTS (Tables)	12 Months Ended
	Dec. 31, 2017
Banking and Thrift [Abstract]
Actual Capital Amounts and Ratios	The most recent notification from the Federal Deposit Insurance Corporation categorized the Bank as well capitalized under the regulatory framework for prompt corrective action. To be categorized as well capitalized, the Bank must maintain minimum total risk-based, Tier 1 risk-based, Tier 1 common equity risk-based and Tier 1 leverage ratios as set forth in the table below. Both the Company’s and the Bank’s actual capital amounts and ratios are presented in the table below. Actual Minimum to be Well Capitalized Minimum for Capital Adequacy Purposes (Dollars in thousands) Amount Ratio Amount Ratio Amount Ratio As of December 31, 2017 Total Capital (to risk-weighted assets) Consolidated $ 178,147 14.9 % n/a n/a $ 95,948 8.0 % Subsidiary Bank $ 169,536 14.2 % $ 119,231 10.0 % $ 95,385 8.0 % Tier 1 Capital (to risk-weighted assets) Consolidated $ 138,308 11.5 % n/a n/a $ 71,886 6.0 % Subsidiary Bank $ 159,097 13.3 % $ 95,385 8.0 % $ 71,539 6.0 % Common Equity Tier 1 Capital (to risk-weighted assets) Consolidated $ 126,350 10.6 % n/a n/a $ 53,915 4.5 % Subsidiary Bank $ 159,097 13.3 % $ 77,500 6.5 % $ 53,654 4.5 % Tier 1 Capital (to average assets) Consolidated $ 138,308 9.3 % n/a n/a $ 58,667 4.0 % Subsidiary Bank $ 159,097 10.7 % $ 73,119 5.0 % $ 58,495 4.0 % As of December 31, 2016 Total Capital (to risk-weighted assets) Consolidated $ 174,093 15.4 % n/a n/a $ 90,699 8.0 % Subsidiary Bank $ 163,394 14.5 % $ 113,027 10.0 % $ 90,422 8.0 % Tier 1 Capital (to risk-weighted assets) Consolidated $ 135,100 11.9 % n/a n/a $ 68,025 6.0 % Subsidiary Bank $ 153,737 13.6 % $ 90,422 8.0 % $ 67,816 6.0 % Common Equity Tier 1 Capital (to risk-weighted assets) Consolidated $ 114,642 10.1 % n/a n/a $ 51,018 4.5 % Subsidiary Bank $ 153,737 13.6 % $ 73,468 6.5 % $ 50,862 4.5 % Tier 1 Capital (to average assets) Consolidated $ 135,100 9.5 % n/a n/a $ 56,655 4.0 % Subsidiary Bank $ 153,737 10.9 % $ 70,651 5.0 % $ 56,521 4.0 %

LEASES (Tables)

LEASES (Tables)	12 Months Ended
	Dec. 31, 2017
Leases [Abstract]
Schedule of Future Minimum Operating Lease Payments	Following is a schedule by year of future minimum lease payments required under operating leases that have initial or remaining non-cancelable lease terms in excess of one year as of December 31, 2017 : (Dollars in thousands) Years ended December 31: 2018 $ 1,822 2019 1,299 2020 1,244 2021 1,268 2022 1,201 Thereafter 5,185 Total minimum payments required: $ 12,019

FAIR VALUE OF FINANCIAL INSTR48

FAIR VALUE OF FINANCIAL INSTRUMENTS (Tables)	12 Months Ended
	Dec. 31, 2017
Fair Value Disclosures [Abstract]
Carrying Values and Estimated Fair Values of Financial Instruments	The carrying values and estimated fair values of the Company’s financial instruments are summarized as follows: Fair Value Measurements at: (Dollars in thousands) Carrying Value Estimated Fair Value Quoted Prices in Active Markets for Identical Assets (Level I) Significant Other Observable Inputs (Level II) Significant Unobservable Inputs (Level III) December 31, 2017 Financial assets: Cash and cash equivalents $ 20,305 $ 20,305 $ 20,305 $ — $ — Certificates of deposits with other banks 14,778 14,695 — 14,695 — Securities available-for-sale 231,507 231,507 1,607 206,991 22,909 Loans held for sale 66,794 66,794 — 66,794 — Loans, net 1,096,063 1,093,824 — — 1,093,824 Mortgage servicing rights 182 182 — — 182 Interest rate lock commitment 1,426 1,426 — — 1,426 Interest rate swap 268 268 — 268 — Interest rate cap 33 33 — 33 — Accrued interest receivable 5,296 5,296 — 1,241 4,055 Financial liabilities: Deposits $ 1,159,580 $ 1,126,615 $ — $ 1,126,615 $ — Repurchase agreements 22,403 22,403 — 22,403 — FHLB and other borrowings 152,169 152,190 — 152,190 — Mortgage-backed security hedges 78 78 — 78 — Interest rate swap 268 268 — 268 — Accrued interest payable 643 643 — 643 — Subordinated debt 33,524 35,117 — 35,117 — December 31, 2016 Financial assets: Cash and cash equivalents $ 17,340 $ 17,340 $ 17,340 $ — $ — Certificates of deposits with other banks 14,527 14,985 — 14,985 — Securities available-for-sale 162,368 162,368 897 161,471 — Loans held for sale 90,174 90,174 — 90,174 — Loans, net 1,043,764 1,035,437 — — 1,035,437 Mortgage servicing rights 190 190 — — 190 Interest rate lock commitment 1,546 1,546 — — 1,546 Mortgage-backed security hedges 372 372 — 372 — Interest rate swap 250 250 — 250 — Interest rate cap 268 268 — 268 — Accrued interest receivable 3,951 3,951 — 1,002 2,949 Financial liabilities: Deposits $ 1,107,017 $ 1,116,174 $ — $ 1,116,174 $ — Repurchase agreements 25,160 25,160 — 25,160 — FHLB and other borrowings 90,921 90,919 — 90,919 — Interest rate swap 250 250 — 250 — Accrued interest payable 741 741 — 741 — Subordinated debt 33,524 32,275 — 32,275 —

FAIR VALUE MEASUREMENTS (Tables

FAIR VALUE MEASUREMENTS (Tables)	12 Months Ended
	Dec. 31, 2017
Fair value of assets and liabilities
Schedule of Recurring Level III Assets	The following table represents recurring level III assets: Interest Rate Lock Commitments December 31, 2017 December 31, 2016 (Dollars in thousands) Balance, beginning of period $ 1,546 $ 1,537 Realized and unrealized gains included in earnings (120 ) 9 Balance, end of period $ 1,426 $ 1,546
Quantitative Information About the Level III Significant Unobservable Inputs for Assets and Liabilities Measured at Fair Value on Nonrecurring Basis	The following tables presents quantitative information about the Level III significant unobservable inputs for assets and liabilities measured at fair value at December 31, 2017 and 2016 . Quantitative Information about Level III Fair Value Measurements (Dollars in thousands) Fair Value Valuation Technique Unobservable Input Range December 31, 2017 Nonrecurring measurements: Impaired loans $ 14,368 Appraisal of collateral 1 Appraisal adjustments 2 20% - 62% Liquidation expense 2 5% - 10% Other real estate owned $ 1,346 Appraisal of collateral 1 Appraisal adjustments 2 20% - 30% Liquidation expense 2 5% - 10% Recurring measurements: Interest rate lock commitments $ 1,426 Pricing model Pull through rates 73% - 85% Quantitative Information about Level III Fair Value Measurements (Dollars in thousands) Fair Value Valuation Technique Unobservable Input Range December 31, 2016 Nonrecurring measurements: Impaired loans $ 11,609 Appraisal of collateral 1 Appraisal adjustments 2 20% - 62% Liquidation expense 2 5% - 10% Other real estate owned $ 414 Appraisal of collateral 1 Appraisal adjustments 2 20% - 30% Liquidation expense 2 5% - 10% Recurring measurements: Interest rate lock commitments $ 1,546 Pricing model Pull through rates 73% - 85% 1 Fair value is generally determined through independent appraisals of the underlying collateral, which generally include various level III inputs which are not identifiable. 2 Appraisals may be adjusted by management for qualitative factors such as economic conditions and estimated liquidation expenses. The range and weighted average of liquidation expenses and other appraisal adjustments are presented as a percent of the appraisal.
Recurring
Fair value of assets and liabilities
Financial Assets and Liabilities Measured at Fair Value	The following tables present the assets reported on the consolidated statements of financial condition at their fair value on a recurring basis as of December 31, 2017 and 2016 by level within the fair value hierarchy. Financial assets and liabilities are classified in their entirety based on the lowest level of input that is significant to the fair value measurement. December 31, 2017 (Dollars in thousands) Level I Level II Level III Total Assets: U.S. Government Agency securities $ — $ 80,945 $ — $ 80,945 U.S. Sponsored Mortgage backed securities — 58,154 — 58,154 Municipal securities — 52,933 22,909 75,842 Equity and other securities 1,607 16,566 — 16,566 Loans held for sale — 66,794 — 66,794 Interest rate lock commitment — — 1,426 1,426 Interest rate swap — 268 — 268 Interest rate cap — 33 — 33 Liabilities: Interest rate swap — 268 — 268 Mortgage-backed security hedges — 78 — 78 December 31, 2016 (Dollars in thousands) Level I Level II Level III Total Assets: U.S. Government Agency securities $ — $ 28,816 $ — $ 28,816 U.S. Sponsored Mortgage backed securities — 54,732 — 54,732 Municipal securities — 70,796 — 70,796 Equity and other securities 897 8,024 — 8,024 Loans held for sale — 90,174 — 90,174 Interest rate lock commitment — — 1,546 1,546 Mortgage-backed security hedges — 372 — 372 Interest rate swap — 250 — 250 Interest rate cap — 268 — 268 Liabilities: Interest rate swap — 250 — 250
Non-recurring
Fair value of assets and liabilities
Financial Assets and Liabilities Measured at Fair Value	Assets measured at fair value on a nonrecurring basis as of December 31, 2017 and 2016 are included in the table below: December 31, 2017 (Dollars in thousands) Level I Level II Level III Total Impaired loans $ — $ — $ 14,368 $ 14,368 Other real estate owned — — 1,346 1,346 December 31, 2016 (Dollars in thousands) Level I Level II Level III Total Impaired loans $ — $ — $ 11,609 $ 11,609 Other real estate owned — — 414 414

COMPREHENSIVE INCOME (Tables)

COMPREHENSIVE INCOME (Tables)	12 Months Ended
	Dec. 31, 2017
Comprehensive Income (Loss), Net of Tax, Attributable to Parent [Abstract]
Reclassification Out of Accumulated Other Comprehensive Income	The following tables present the components of accumulated other comprehensive income (“AOCI”) for the years ended December 31 : (Dollars in thousands) 2017 2016 2015 Details about AOCI Components Amount Reclassified from AOCI Amount Reclassified from AOCI Amount Reclassified from AOCI Affected line item in the Statement where Net Income is presented Available-for-sale securities Unrealized holding gains $ 731 $ 1,082 $ 130 Gain on sale of securities 731 1,082 130 Total before tax (292 ) (433 ) (52 ) Income tax expense 439 649 78 Net of tax Defined benefit pension plan items Amortization of net actuarial loss (241 ) (236 ) (257 ) Salaries and benefits (241 ) (236 ) (257 ) Total before tax 96 94 103 Income tax expense (145 ) (142 ) (154 ) Net of tax Total reclassifications $ 294 $ 507 $ (76 )
Components of Accumulated Other Comprehensive Income	(Dollars in thousands) Unrealized gains (losses) on available for-sale securities Defined benefit pension plan items Total Balance at January 1, 2017 $ (1,598 ) $ (2,679 ) $ (4,277 ) Other comprehensive loss before reclassification 2,032 (449 ) 1,583 Amounts reclassified from AOCI (439 ) 145 (294 ) Net current period OCI 1,593 (304 ) 1,289 Balance at December 31, 2017 $ (5 ) $ (2,983 ) $ (2,988 ) Balance at January 1, 2016 $ (363 ) $ (2,570 ) $ (2,933 ) Other comprehensive loss before reclassification (586 ) (251 ) (837 ) Amounts reclassified from AOCI (649 ) 142 (507 ) Net current period OCI (1,235 ) (109 ) (1,344 ) Balance at December 31, 2016 $ (1,598 ) $ (2,679 ) $ (4,277 )

CONDENSED FINANCIAL STATEMENT51

CONDENSED FINANCIAL STATEMENTS OF PARENT COMPANY (Tables)	12 Months Ended
	Dec. 31, 2017
Condensed Financial Information of Parent Company Only Disclosure [Abstract]
Condensed Balance Sheets	Information relative to the parent company’s condensed balance sheets at December 31, 2017 and 2016 , and the related condensed statements of income and cash flows for the years ended December 31, 2017 , 2016 and 2015 are presented below: Condensed Balance Sheets December 31, (Dollars in thousands) 2017 2016 Assets Cash $ 3,904 $ 7,699 Investment in subsidiaries 175,027 168,325 Other assets 5,743 4,316 Total assets $ 184,674 $ 180,340 Liabilities and stockholders’ equity Other liabilities $ 958 $ 1,191 Long-term debt 33,524 33,524 Total liabilities 34,482 34,715 Total stockholders’ equity 150,192 145,625 Total liabilities and stockholders’ equity $ 184,674 $ 180,340
Condensed Statements of Income	Condensed Statements of Income Year ended December 31, (Dollars in thousands) 2017 2016 2015 Income - dividends from bank subsidiary $ 13,724 $ 9,241 $ 7,744 Expenses - operating 11,974 11,307 8,988 Income (loss) before income taxes and undistributed earnings - continuing operations 1,750 (2,066 ) (1,244 ) Income tax (benefit) - continuing operations (2,147 ) (2,072 ) (1,597 ) Income after tax from continuing operations 3,897 6 353 Income before income taxes and undistributed earnings - discontinued operations — 6,926 — Income tax - discontinued operations — 2,629 — Income after tax from discontinued operations — 4,297 — Equity in undistributed income earnings of subsidiaries 3,678 8,609 6,463 Net Income $ 7,575 $ 12,912 $ 6,816 Preferred dividends $ 498 $ 1,128 $ 575 Net Income available to common shareholders $ 7,077 $ 11,784 $ 6,241
Condensed Statements of Cash Flows	Condensed Statements of Cash Flows (Dollars in thousands) 2017 2016 2015 OPERATING ACTIVITIES Net Income $ 7,575 $ 12,912 $ 6,816 Equity in undistributed earnings of subsidiaries (3,678 ) (8,609 ) (6,463 ) (Decrease) in other assets (2,214 ) (612 ) (529 ) Decrease (increase) in other liabilities (234 ) 920 (261 ) Stock option expense 813 568 413 Net cash provided by (used in) operating activities 2,262 5,179 (24 ) INVESTING ACTIVITIES Investment in subsidiary (947 ) (19,697 ) (400 ) Net cash used in investing activities (947 ) (19,697 ) (400 ) FINANCING ACTIVITIES Proceeds of stock offering 4,931 20,519 — Dividend reinvestment plan — — — Proceeds from subordinated debt — — — Preferred stock issuance — — — Preferred stock redemption (8,500 ) — — Common stock options exercised (10 ) 32 (448 ) Cash dividends paid on common stock (1,033 ) (646 ) (641 ) Cash dividends paid on preferred stock (498 ) (1,128 ) (575 ) Net cash (used in) provided by financing activities (5,110 ) 18,777 (1,664 ) (Decrease) increase in cash (3,795 ) 4,259 (2,088 ) Cash at beginning of period 7,699 3,440 5,528 Cash at end of period $ 3,904 $ 7,699 $ 3,440

SEGMENT REPORTING (Tables)

SEGMENT REPORTING (Tables)	12 Months Ended
	Dec. 31, 2017
Segment Reporting [Abstract]
Information About the Reportable Segments and Reconciliation to the Consolidated Financial Statements	Information about the reportable segments and reconciliation to the consolidated financial statements for the years ended December 31, 2017 , 2016 , and 2015 are as follows: 2017 (Dollars in thousands) Commercial & Retail Banking Mortgage Banking Financial Holding Company Intercompany Eliminations Consolidated Revenues: Interest income $ 52,423 $ 4,698 $ 4 $ (527 ) $ 56,598 Mortgage fee income 736 37,262 — (849 ) 37,149 Insurance and investment services income 563 — — — 563 Other income 5,303 (2,372 ) 5,466 (5,403 ) 2,994 Total operating income 59,025 39,588 5,470 (6,779 ) 97,304 Expenses: Interest expense 9,118 2,317 2,241 (1,375 ) 12,301 Salaries and employee benefits 12,266 26,196 5,646 — 44,108 Provision for loan losses 1,967 206 — — 2,173 Other expense 19,523 8,188 4,085 (5,404 ) 26,392 Total operating expenses 42,874 36,907 11,972 (6,779 ) 84,974 Income (loss) from continuing operations, before income taxes 16,151 2,681 (6,502 ) — 12,330 Income tax expense (benefit) - continuing operations 5,820 1,082 (2,147 ) — 4,755 Net income (loss) from continuing operations 10,331 1,599 (4,355 ) — 7,575 Income (loss) from discontinued operations — — — — — Income tax expense (benefit) - discontinued operations — — — — — Net income (loss) from discontinued operations — — — — — Net income (loss) $ 10,331 $ 1,599 $ (4,355 ) $ — $ 7,575 Preferred stock dividends — — 498 — 498 Net income (loss) available to common shareholders $ 10,331 $ 1,599 $ (4,853 ) $ — $ 7,077 Capital Expenditures for the year ended December 31, 2017 $ 3,226 $ 1,187 $ 83 $ — $ 4,496 Total Assets as of December 31, 2017 1,533,497 149,323 184,600 (333,118 ) 1,534,302 Goodwill as of December 31, 2017 1,598 16,882 — — 18,480 2016 (Dollars in thousands) Commercial & Retail Banking Mortgage Banking Financial Holding Company Insurance Intercompany Eliminations Consolidated Revenues: Interest income $ 50,413 $ 4,285 $ 3 $ — $ (578 ) $ 54,123 Mortgage fee income (252 ) 36,960 — — (1,035 ) 35,673 Insurance and investment services income 420 — — — — 420 Other income 5,485 1,674 5,247 — (5,294 ) 7,112 Total operating income 56,066 42,919 5,250 — (6,907 ) 97,328 Expenses: Interest expense 8,437 2,082 2,226 — (1,613 ) 11,132 Salaries and employee benefits 11,592 27,696 5,937 — — 45,225 Provision for loan losses 3,632 — — — — 3,632 Other expense 18,009 8,125 3,144 — (5,294 ) 23,984 Total operating expenses 41,670 37,903 11,307 — (6,907 ) 83,973 Income (loss) from continuing operations, before income taxes 14,396 5,016 (6,057 ) — — 13,355 Income tax expense (benefit) - continuing operations 4,496 1,954 (2,072 ) — — 4,378 Net income (loss) from continuing operations 9,900 3,062 (3,985 ) — — 8,977 Income (loss) from discontinued operations — — 6,926 (580 ) — 6,346 Income tax expense (benefit) - discontinued operations — — 2,629 (218 ) — 2,411 Net income (loss) from discontinued operations — — 4,297 (362 ) — 3,935 Net income (loss) $ 9,900 $ 3,062 $ 312 $ (362 ) $ — $ 12,912 Preferred stock dividends — — 1,128 — — 1,128 Net income (loss) available to common shareholders $ 9,900 $ 3,062 $ (816 ) $ (362 ) $ — $ 11,784 Capital Expenditures for the year ended December 31, 2016 $ 1,145 $ 220 $ 303 $ — $ — $ 1,668 Total Assets as of December 31, 2016 1,415,735 122,242 180,340 — (299,513 ) 1,418,804 Goodwill as of December 31, 2016 1,598 16,882 — — — 18,480 2015 (Dollars in thousands) Commercial & Retail Banking Mortgage Banking Financial Holding Company Insurance Intercompany Eliminations Consolidated Revenues: Interest income $ 40,524 $ 3,882 $ 2 $ — $ (308 ) $ 44,100 Mortgage fee income 7 30,560 — — (1,095 ) 29,472 Insurance and investment services income 338 — — — 338 Other income 3,721 1,673 4,331 — (4,580 ) 5,145 Total operating income 44,590 36,115 4,333 — (5,983 ) 79,055 Expenses: Interest expense 6,776 1,647 2,204 — (1,402 ) 9,225 Salaries and employee benefits 11,049 20,774 4,250 — — 36,073 Provision for loan losses 2,493 — — — — 2,493 Other expense 16,132 7,471 2,534 — (4,362 ) 21,775 Total operating expenses 36,450 29,892 8,988 — (5,764 ) 69,566 Income (loss) from continuing operations, before income taxes 8,140 6,223 (4,655 ) — (219 ) 9,489 Income tax expense (benefit) - continuing operations 2,176 2,394 (1,597 ) — (87 ) 2,886 Net income (loss) from continuing operations 5,964 3,829 (3,058 ) — (132 ) 6,603 Income (loss) from discontinued operations — — — 134 219 353 Income tax expense (benefit) - discontinued operations — — — 53 87 140 Net income (loss) from discontinued operations — — — 81 132 213 Net income (loss) $ 5,964 $ 3,829 $ (3,058 ) $ 81 $ — $ 6,816 Preferred stock dividends — — 575 — — 575 Net income (loss) available to common shareholders $ 5,964 $ 3,829 $ (3,633 ) $ 81 $ — $ 6,241 Capital Expenditures for the year ended December 31, 2015 $ 1,174 $ 354 $ 616 $ 9 $ — $ 2,153 Total Assets as of December 31, 2015 1,378,988 125,227 148,509 5,017 (273,265 ) 1,384,476 Goodwill as of December 31, 2015 1,598 16,882 — — — 18,480

MERGERS AND ACQUISITIONS (Table

MERGERS AND ACQUISITIONS (Tables)	12 Months Ended
	Dec. 31, 2017
Business Combinations [Abstract]
Summary of Net Liabilities Assumed	The following is a summary of net liabilities assumed: (Dollars in thousands) Net assets acquired: Cash received in transaction $ 47,962 Cash on hand 330 Loans 18,200 Bank premises, furniture and equipment 609 Accrued interest receivable and other assets 62 Core deposit intangible 878 68,041 Deposits 68,697 Accrued interest payable and other liabilities 45 68,742 Net liabilities assumed (701 ) Goodwill 701 $ —
Acquisition Related Costs Included in Consolidated Statements of Income	The following acquisition related costs are included in the consolidated statements of income for the periods indicated: Year ended Year ended Year ended (Dollars in thousands) December 31, 2017 December 31, 2016 December 31, 2015 Professional fees $ — $ — $ 471 Marketing — — 29 Printing, postage and supplies — — 71 Equipment depreciation and maintenance — — — Travel and entertainment — — 50 Data processing and communications — — 76 Other operating expense — — 25 Total $ — $ — $ 722

DISCONTINUED OPERATIONS (Tables

DISCONTINUED OPERATIONS (Tables)	12 Months Ended
	Dec. 31, 2017
Discontinued Operations and Disposal Groups [Abstract]
Assets and Liabilities and Operations of Discontinued Operations	Net income (losses) from discontinued operations, net of tax, for the years ended December 31, 2017 , 2016 , and 2015 , were as follows: (Dollars in thousands) 2017 2016 2015 NONINTEREST INCOME Insurance and investment services income $ — $ 1,887 $ 4,733 Gain on sale of subsidiary — 6,926 — Other operating income — 2 6 Total noninterest income — 8,815 4,739 NONINTEREST EXPENSES Salary and employee benefits — 1,937 3,603 Occupancy expense — 124 281 Equipment depreciation and maintenance — 29 57 Data processing and communications — 79 105 Marketing, contributions and sponsorships — 7 25 Professional fees — 2 23 Printing, postage and supplies — 12 19 Insurance, tax and assessment expense — 58 136 Travel, entertainment, dues and subscriptions — 67 119 Other operating expenses — 154 18 Total noninterest expense — 2,469 4,386 Income from discontinued operations, before income taxes — 6,346 353 Income tax expense - discontinued operations — 2,411 140 Net Income from discontinued operations $ — $ 3,935 $ 213

QUARTERLY FINANCIAL DATA (UNA55

QUARTERLY FINANCIAL DATA (UNAUDITED) (Tables)	12 Months Ended
	Dec. 31, 2017
Quarterly Financial Information Disclosure [Abstract]
Schedule of Quarterly Financial Data	Earnings Per Share (Dollars in thousands) Interest Income Net Interest Income Income Before Taxes Net Income Basic Diluted 2017 First quarter $ 13,068 $ 10,306 $ 2,295 $ 1,574 $ 0.14 $ 0.14 Second quarter 13,814 10,894 3,435 2,260 0.21 0.20 Third quarter 14,630 11,414 3,510 2,318 0.21 0.21 Fourth quarter 15,086 11,683 3,090 1,423 0.12 0.12 Earnings Per Share (Dollars in thousands) Interest Income Net Interest Income Income Before Taxes Net Income Basic Diluted 2016 First quarter $ 13,382 $ 10,695 $ 2,612 $ 1,796 $ 0.20 $ 0.20 Second quarter 13,580 10,742 10,228 6,499 0.77 0.63 Third quarter 13,523 10,729 3,441 2,310 0.25 0.24 Fourth quarter 13,638 10,825 3,420 2,307 0.23 0.22

SUMMARY OF SIGNIFICANT ACCOUN56

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Other Narrative (Details)	Jun. 30, 2016USD ($)	Dec. 31, 2017USD ($)segment$ / shares	Dec. 31, 2016USD ($)$ / shares	Dec. 31, 2015USD ($)	Dec. 31, 2014USD ($)	Sep. 30, 2013	Dec. 31, 2012
Summary of Significant Accounting Policies [Line Items]
Number of reportable segments | segment		3
Loan indemnification reserve		$ 200,000	$ 200,000
Period past due for loans to be considered as delinquent		90 days
Minimum period loans are past due as condition for determining whether impaired		90 days
Total loans serviced for others		$ 182,000	190,000
Goodwill		18,480,000	18,480,000	$ 18,480,000	$ 17,779,000
Goodwill impairment		0	0
Other real estate		1,300,000	414,000
Marketing expense		1,179,000	1,253,000	1,352,000
Income tax expense (benefit)		$ 646,000
Minimum | Building and Leasehold Improvements
Summary of Significant Accounting Policies [Line Items]
Estimated useful lives		7 years
Minimum | Furniture, Fixtures And Equipment
Summary of Significant Accounting Policies [Line Items]
Estimated useful lives		3 years
Maximum | Building and Leasehold Improvements
Summary of Significant Accounting Policies [Line Items]
Estimated useful lives		40 years
Maximum | Furniture, Fixtures And Equipment
Summary of Significant Accounting Policies [Line Items]
Estimated useful lives		10 years
Subsidiary Bank
Summary of Significant Accounting Policies [Line Items]
FHLB stock		$ 7,600,000	$ 5,800,000
FHLB stock par value (in dollars per share) | $ / shares		$ 100	$ 100
Core Deposit Intangible
Summary of Significant Accounting Policies [Line Items]
Useful life of intangible asset		10 years
Finite-lived intangible assets, net		$ 646,000	$ 744,000	845,000	$ 1,000
Discontinued operations disposed of by sale | USI Insurance Services
Summary of Significant Accounting Policies [Line Items]
Gain on sale of subsidiary	$ 6,900,000	$ 0	$ 6,926,000	$ 0
Lender Service Provider, LLC
Summary of Significant Accounting Policies [Line Items]
Ownership interest		33.00%				25.00%	50.00%
Pro Forma | Accounting Standards Update 2016-01
Summary of Significant Accounting Policies [Line Items]
Effect of change in net income		$ 219,000

SUMMARY OF SIGNIFICANT ACCOUN57

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Derivative Instruments (Details)	12 Months Ended
	Dec. 31, 2017USD ($)quarter	Dec. 31, 2016USD ($)	Dec. 31, 2015USD ($)
Minimum
Derivative [Line Items]
Period between issuance of a loan commitment and closing and sale of the loan	30 days
Maximum
Derivative [Line Items]
Period between issuance of a loan commitment and closing and sale of the loan	120 days
Level III
Derivative [Line Items]
Interest rate lock commitments	$ 1,426,000	$ 1,546,000	$ 1,537,000
Interest rate cap
Derivative [Line Items]
Notional amount	$ 100,000,000
Rate protection transaction term	5 years
Number of quarterly caps | quarter	20
Fixed cost	$ 1,500,000
LIBOR | Interest rate cap
Derivative [Line Items]
Description of variable rate basis	3 month LIBOR
Strike price	3.00%
Forward Sales Commitments
Derivative [Line Items]
Interest rate swap	$ 0	0
Carrying Value | Interest rate cap
Derivative [Line Items]
Derivative asset	33,000	268,000
Carrying Value | Interest rate swap
Derivative [Line Items]
Interest rate swap	268,000	250,000
Derivative asset	$ 268,000	$ 250,000

SUMMARY OF SIGNIFICANT ACCOUN58

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Earnings Per Share (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended								12 Months Ended
	Dec. 31, 2017	Sep. 30, 2017	Jun. 30, 2017	Mar. 31, 2017	Dec. 31, 2016	Sep. 30, 2016	Jun. 30, 2016	Mar. 31, 2016	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Numerator for basic earnings per share:
Net Income from continuing operations									$ 7,575	$ 8,977	$ 6,603
Less: Dividends on preferred stock									498	1,128	575
Net Income from continuing operations available to common shareholders - basic									7,077	7,849	6,028
Net Income from discontinued operations									0	3,935	213
Net Income available to common shareholders									7,077	11,784	6,241
Numerator for diluted earnings per share:
Net Income from continuing operations available to common shareholders - basic									7,077	7,849	6,028
Add: Dividends on preferred stock									0	0	0
Add: Interest on subordinated debt (tax effected)									0	1,390	0
Net Income available to common shareholders from continuing operations - diluted									$ 7,077	$ 9,239	$ 6,028
Denominator:
Total average shares outstanding (in shares)									10,308,738	8,212,021	8,014,316
Effect of dilutive convertible preferred stock (in shares)									0	0	0
Effect of dilutive convertible subordinated debt (in shares)									0	1,837,500	0
Effect of dilutive stock options (in shares)									131,490	19,212	125,800
Total diluted average shares outstanding (in shares)									10,440,228	10,068,733	8,140,116
Earnings per share from continuing operations - basic (in dollars per share)									$ 0.69	$ 0.96	$ 0.75
Earnings per share from discontinued operations - basic (in dollars per share)									0	0.48	0.03
Earnings per common shareholder - basic (in dollars per share)	$ 0.12	$ 0.21	$ 0.21	$ 0.14	$ 0.23	$ 0.25	$ 0.77	$ 0.20	0.69	1.44	0.78
Earnings per share from continuing operations - diluted (in dollars per share)									0.68	0.92	0.74
Earnings per share from discontinued operations - diluted (in dollars per share)									0	0.39	0.03
Earnings per common shareholder - diluted (in dollars per share)	$ 0.12	$ 0.21	$ 0.20	$ 0.14	$ 0.22	$ 0.24	$ 0.63	$ 0.20	$ 0.68	$ 1.31	$ 0.77

INVESTMENT SECURITIES - Held-to

INVESTMENT SECURITIES - Held-to-maturity (Details) - USD ($)	3 Months Ended	12 Months Ended
	Mar. 31, 2016	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Investments, Debt and Equity Securities [Abstract]
Held-to-maturity securities transferred to available-for-sale securities	$ 52,400,000
Held-to-maturity securities transferred to available-for-sale securities, unrealized holding gains	$ 1,800,000	$ 0	$ 1,825,000	$ 0
Securities held-to-maturity		$ 0	$ 0

INVESTMENT SECURITIES - Availab

INVESTMENT SECURITIES - Available-for-sale (Details) - USD ($) $ in Thousands	Dec. 31, 2017	Dec. 31, 2016
Amortized cost and fair values of investment securities available-for-sale
Amortized Cost	$ 231,514	$ 165,032
Unrealized Gain	2,489	1,146
Unrealized Loss	(2,496)	(3,810)
Fair Value	231,507	162,368
Total debt securities
Amortized cost and fair values of investment securities available-for-sale
Amortized Cost	215,574	157,389
Unrealized Gain	1,845	765
Unrealized Loss	(2,478)	(3,810)
Fair Value	214,941	154,344
U. S. Agency securities
Amortized cost and fair values of investment securities available-for-sale
Amortized Cost	81,705	29,234
Unrealized Gain	81	7
Unrealized Loss	(841)	(425)
Fair Value	80,945	28,816
U.S. Sponsored Mortgage-backed securities
Amortized cost and fair values of investment securities available-for-sale
Amortized Cost	59,387	56,080
Unrealized Gain	31	14
Unrealized Loss	(1,264)	(1,362)
Fair Value	58,154	54,732
Municipal securities
Amortized cost and fair values of investment securities available-for-sale
Amortized Cost	74,482	72,075
Unrealized Gain	1,733	744
Unrealized Loss	(373)	(2,023)
Fair Value	75,842	70,796
Equity and other securities
Amortized cost and fair values of investment securities available-for-sale
Amortized Cost	15,940	7,643
Unrealized Gain	644	381
Unrealized Loss	(18)	0
Fair Value	$ 16,566	$ 8,024

INVESTMENT SECURITIES - Summary

INVESTMENT SECURITIES - Summary of Maturities (Details) - USD ($) $ in Thousands	Dec. 31, 2017	Dec. 31, 2016
Available for sale, Amortized Cost
Within one year	$ 300
After one year, but within five	37,208
After five years, but within ten	31,768
After ten years	146,298
Total	215,574
Available for sale, Fair Value
Within one year	302
After one year, but within five	37,210
After five years, but within ten	31,258
After ten years	146,171
Total	214,941
Carrying value of investment securities pledged	$ 113,300	$ 82,700

INVESTMENT SECURITIES - Summa62

INVESTMENT SECURITIES - Summary of Unrealized Loss Positions (Details)	12 Months Ended
	Dec. 31, 2017USD ($)security	Dec. 31, 2016USD ($)security	Dec. 31, 2015USD ($)
Investments in an unrealized loss position
Held-to-maturity Securities, Fair Value	$ 0	$ 0
Amount of pretax loss if securities in an unrealized loss position are sold	2,500,000
Available-for sale Securities, Unrealized Loss Position
Less than 12 months, fair value	88,519,000
Less than 12 months, unrealized loss	(884,000)
12 months or more, fair value	61,917,000
12 months or more, unrealized loss	(1,612,000)
Available-for-sale and Held-to-Maturity Securities, Unrealized Loss Position
Less than 12 months, fair value		104,750,000
Less than 12 months, unrealized loss		(3,488,000)
12 months or more, fair value		13,919,000
12 months or more, unrealized loss		(322,000)
Available-for-sale Securities
Sales of investment securities	53,198,000	55,191,000	$ 12,912,000
Gains on the sale of investments	1,100,000	1,100,000	125,000
Losses on the sale of investments	372,000	2,000	0
Held-to-maturity Securities
Sales of investment securities	$ 0	$ 0	421,000
Gains on the sale of held-to-maturity securities			$ 5,000
U. S. Agency securities
Description and Number of Positions
Number of investments in an unrealized loss position, AFS | security	45	16
Available-for sale Securities, Unrealized Loss Position
Less than 12 months, fair value	$ 61,834,000	$ 28,814,000
Less than 12 months, unrealized loss	(659,000)	(425,000)
12 months or more, fair value	7,709,000	0
12 months or more, unrealized loss	$ (182,000)	$ 0
U.S. Sponsored Mortgage-backed securities
Description and Number of Positions
Number of investments in an unrealized loss position, AFS | security	39	29
Available-for sale Securities, Unrealized Loss Position
Less than 12 months, fair value	$ 16,825,000	$ 33,209,000
Less than 12 months, unrealized loss	(159,000)	(1,040,000)
12 months or more, fair value	37,427,000	13,919,000
12 months or more, unrealized loss	$ (1,105,000)	$ (322,000)
Municipal securities
Description and Number of Positions
Number of investments in an unrealized loss position, AFS | security	47
Number of investments in an unrealized loss position, HTM | security		86
Available-for sale Securities, Unrealized Loss Position
Less than 12 months, fair value	$ 8,826,000
Less than 12 months, unrealized loss	(48,000)
12 months or more, fair value	16,781,000
12 months or more, unrealized loss	$ (325,000)
Held-to-maturity Securities, Unrealized Loss Position
Less than 12 months, fair value		$ 42,727,000
Less than 12 months, unrealized loss		(2,023,000)
12 months or more, fair value		0
12 months or more, unrealized loss		$ 0
Equity and other securities
Description and Number of Positions
Number of investments in an unrealized loss position, AFS | security	2
Available-for sale Securities, Unrealized Loss Position
Less than 12 months, fair value	$ 1,034,000
Less than 12 months, unrealized loss	(18,000)
12 months or more, fair value	0
12 months or more, unrealized loss	$ 0

LOANS AND ALLOWANCE FOR LOAN 63

LOANS AND ALLOWANCE FOR LOAN LOSSES - Loan Summary (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Components of loans
Proceeds of loans sold	$ 1,428,060	$ 1,691,572	$ 1,338,341
Mortgage fee income	37,149	35,673	$ 29,472
Total Loans	1,105,306	1,051,968
Deferred loan origination fees and costs, net	635	897
Loans receivable	1,105,941	1,052,865
Commercial
Components of loans
Total Loans	783,909	756,619
Residential
Components of loans
Total Loans	246,214	215,452
Home Equity
Components of loans
Total Loans	62,400	65,386
Consumer
Components of loans
Total Loans	$ 12,783	$ 14,511

LOANS AND ALLOWANCE FOR LOAN 64

LOANS AND ALLOWANCE FOR LOAN LOSSES - Primary Segments (Details) - USD ($) $ in Thousands	Dec. 31, 2017	Dec. 31, 2016
Primary segments of the loan portfolio:
Individually evaluated for impairment	$ 15,556	$ 12,152
Collectively evaluated for impairment	1,089,750	1,039,816
Total Loans	1,105,306	1,051,968
Commercial
Primary segments of the loan portfolio:
Individually evaluated for impairment	13,796	10,781
Collectively evaluated for impairment	770,113	745,838
Total Loans	783,909	756,619
Residential
Primary segments of the loan portfolio:
Individually evaluated for impairment	1,569	1,161
Collectively evaluated for impairment	244,645	214,291
Total Loans	246,214	215,452
Home Equity
Primary segments of the loan portfolio:
Individually evaluated for impairment	13	132
Collectively evaluated for impairment	62,387	65,254
Total Loans	62,400	65,386
Consumer
Primary segments of the loan portfolio:
Individually evaluated for impairment	178	78
Collectively evaluated for impairment	12,605	14,433
Total Loans	$ 12,783	$ 14,511

LOANS AND ALLOWANCE FOR LOAN 65

LOANS AND ALLOWANCE FOR LOAN LOSSES - Impaired Loans (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Impaired loans by class
Impaired loans with specific allowance, recorded investment	$ 7,955	$ 3,882
Impaired loans with specific allowance, related allowance	1,188	543
Impaired loans with no specific allowance, recorded investment	7,601	8,270
Total impaired loans, recorded investment	15,556	12,152
Total impaired loans, unpaid principal balance	18,375	15,423
Average recorded investment in impaired loans and related interest income recognized
Average investment in impaired loans	12,495	12,823	$ 13,128
Interest income recognized on accrual basis	278	285	241
Interest income recognized on cash basis	278	320	199
Commercial
Impaired loans by class
Impaired loans with specific allowance, recorded investment	7,886	3,021
Impaired loans with specific allowance, related allowance	1,172	376
Impaired loans with no specific allowance, recorded investment	5,910	7,760
Total impaired loans, recorded investment	13,796	10,781
Total impaired loans, unpaid principal balance	16,286	13,837
Average recorded investment in impaired loans and related interest income recognized
Average investment in impaired loans	10,346	11,600	12,179
Interest income recognized on accrual basis	264	264	228
Interest income recognized on cash basis	224	291	185
Commercial | Commercial Business
Impaired loans by class
Impaired loans with specific allowance, recorded investment	3,283	0
Impaired loans with specific allowance, related allowance	22	0
Impaired loans with no specific allowance, recorded investment	979	3,342
Total impaired loans, recorded investment	4,262	3,342
Total impaired loans, unpaid principal balance	4,275	4,102
Average recorded investment in impaired loans and related interest income recognized
Average investment in impaired loans	3,718	4,027	3,153
Interest income recognized on accrual basis	155	155	156
Interest income recognized on cash basis	113	104	114
Commercial | Commercial Real Estate
Impaired loans by class
Impaired loans with specific allowance, recorded investment	4,603	2,757
Impaired loans with specific allowance, related allowance	1,150	302
Impaired loans with no specific allowance, recorded investment	2,814	892
Total impaired loans, recorded investment	7,417	3,649
Total impaired loans, unpaid principal balance	7,921	3,676
Average recorded investment in impaired loans and related interest income recognized
Average investment in impaired loans	3,199	3,590	6,618
Interest income recognized on accrual basis	100	100	63
Interest income recognized on cash basis	98	75	61
Commercial | Acquisition & Development
Impaired loans by class
Impaired loans with specific allowance, recorded investment	0	264
Impaired loans with specific allowance, related allowance	0	74
Impaired loans with no specific allowance, recorded investment	2,117	3,526
Total impaired loans, recorded investment	2,117	3,790
Total impaired loans, unpaid principal balance	4,090	6,059
Average recorded investment in impaired loans and related interest income recognized
Average investment in impaired loans	3,429	3,983	2,408
Interest income recognized on accrual basis	9	9	9
Interest income recognized on cash basis	13	112	10
Residential
Impaired loans by class
Impaired loans with specific allowance, recorded investment	0	783
Impaired loans with specific allowance, related allowance	0	122
Impaired loans with no specific allowance, recorded investment	1,569	378
Total impaired loans, recorded investment	1,569	1,161
Total impaired loans, unpaid principal balance	1,601	1,166
Average recorded investment in impaired loans and related interest income recognized
Average investment in impaired loans	1,424	928	920
Interest income recognized on accrual basis	13	20	12
Interest income recognized on cash basis	53	28	13
Home Equity
Impaired loans by class
Impaired loans with specific allowance, recorded investment	0	62
Impaired loans with specific allowance, related allowance	0	36
Impaired loans with no specific allowance, recorded investment	13	70
Total impaired loans, recorded investment	13	132
Total impaired loans, unpaid principal balance	13	135
Average recorded investment in impaired loans and related interest income recognized
Average investment in impaired loans	538	50	28
Interest income recognized on accrual basis	1	1	1
Interest income recognized on cash basis	1	1	1
Consumer
Impaired loans by class
Impaired loans with specific allowance, recorded investment	69	16
Impaired loans with specific allowance, related allowance	16	9
Impaired loans with no specific allowance, recorded investment	109	62
Total impaired loans, recorded investment	178	78
Total impaired loans, unpaid principal balance	475	285
Average recorded investment in impaired loans and related interest income recognized
Average investment in impaired loans	187	245	1
Interest income recognized on accrual basis	0	0	0
Interest income recognized on cash basis	$ 0	$ 0	$ 0

LOANS AND ALLOWANCE FOR LOAN 66

LOANS AND ALLOWANCE FOR LOAN LOSSES - Impaired Loans Narrative (Details)	12 Months Ended
	Dec. 31, 2017USD ($)relationshippropertymethodloan	Dec. 31, 2016USD ($)
Financing Receivable, Impaired [Line Items]
Total valuation methods used on impaired loans | method	3
Impaired loans with no specific allowance, recorded investment	$ 7,601,000	$ 8,270,000
Foreclosure and reclassification to other real estate owned	1,300,000
Reclassification to performing loans	150,000
Normal loan amortization	213,000
Loans identified as impaired, remaining loans	6,400,000	8,800,000
Investment in loans in the process of foreclosure	0
Minimum
Financing Receivable, Impaired [Line Items]
Outstanding balance on loans acquired	6,000
Maximum
Financing Receivable, Impaired [Line Items]
Outstanding balance on loans acquired	457,000
Commercial
Financing Receivable, Impaired [Line Items]
Impaired loans with no specific allowance, recorded investment	5,910,000	7,760,000
Additional recently identified loans, recorded investment	1,300,000
Recently identified impaired loans, recorded investment	6,700,000
Impaired loans, principal curtailment	2,100,000
Charge-offs incurred on largest impaired loan	$ 360,000
Recorded investment (percentage)	88.20%
Number of loan relationships | relationship	3
Number of loan relationships causing increase in impaired loans | loan	15
Commercial | Commercial Real Estate
Financing Receivable, Impaired [Line Items]
Impaired loans with no specific allowance, recorded investment	$ 2,814,000	892,000
Residential
Financing Receivable, Impaired [Line Items]
Impaired loans with no specific allowance, recorded investment	1,569,000	378,000
Recently identified impaired loans, recorded investment	$ 783,000
Recorded investment (percentage)	10.30%
Number foreclosed properties held | property	16
Number of loan relationships causing increase in impaired loans | relationship	2
Foreclosed properties held	$ 1,000,000
Number of borrowers | property	3
Consumer
Financing Receivable, Impaired [Line Items]
Impaired loans with no specific allowance, recorded investment	$ 109,000	$ 62,000
Recently identified impaired loans, recorded investment	$ 129,000
Recorded investment (percentage)	1.50%
Number of additional collateralized loans in the process of foreclosure | loan	1
Investment in loans in the process of foreclosure	$ 132,000
Total Recorded Investment In Impaired Financing Receivables | Credit Concentration Risk
Financing Receivable, Impaired [Line Items]
Increase in impaired loans	$ 3,400,000
Increase in impaired loans (percentage)	28.00%
Total Recorded Investment In Impaired Financing Receivables | Portfolio Risk | Commercial
Financing Receivable, Impaired [Line Items]
Increase in impaired loans (percentage)	80.00%
Total Recorded Investment In Impaired Financing Receivables | Foreclosure Risk | Residential
Financing Receivable, Impaired [Line Items]
Increase in impaired loans (percentage)	78.00%
Commercial Loan Relationship One | Commercial | Senior Healthcare Facility
Financing Receivable, Impaired [Line Items]
Impaired financing receivable participation, largest loan	$ 3,400,000
Commercial Loan Relationship One | Residential
Financing Receivable, Impaired [Line Items]
Number foreclosed properties held | property	6
Foreclosed properties held	$ 538,000
Commercial Loan Relationship Two | Commercial
Financing Receivable, Impaired [Line Items]
Loans acquired, sold in participation	579,000
Commercial Loan Relationship Two | Commercial | Commercial Real Estate
Financing Receivable, Impaired [Line Items]
Impaired financing receivable participation, largest loan	$ 1,200,000
Commercial Loan Relationship Two | Residential
Financing Receivable, Impaired [Line Items]
Number foreclosed properties held | property	7
Foreclosed properties held	$ 178,000
Commercial Loan Relationship Three [Member] | Commercial | Construction Loans
Financing Receivable, Impaired [Line Items]
Loans identified as impaired, remaining loans	$ 810,000
Other Loan Relationships | Residential
Financing Receivable, Impaired [Line Items]
Number foreclosed properties held | property	3
Foreclosed properties held	$ 329,000

LOANS AND ALLOWANCE FOR LOAN 67

LOANS AND ALLOWANCE FOR LOAN LOSSES - Internal Risk Rating (Details)	12 Months Ended
	Dec. 31, 2017USD ($)category
Average recorded investment in impaired loans and related interest income recognized
Number of points in internal risk rating system	9
Number of categories in internal risk rating system considered as not criticized	6
Commercial relationship credit review threshold amount | $	$ 1,000,000
Past due period before loans placed in non-accrual status	90 days
Recent loan payment history before removal from non-accrual status	6 months

LOANS AND ALLOWANCE FOR LOAN 68

LOANS AND ALLOWANCE FOR LOAN LOSSES - Internal Risk Rating Summary (Details) - USD ($) $ in Thousands	Dec. 31, 2017	Dec. 31, 2016
Classes of the loan portfolio summarized by credit quality indicators:
Total Loans	$ 1,105,306	$ 1,051,968
Commercial
Classes of the loan portfolio summarized by credit quality indicators:
Total Loans	783,909	756,619
Commercial | Commercial Business
Classes of the loan portfolio summarized by credit quality indicators:
Total Loans	380,363	386,569
Commercial | Commercial Real Estate
Classes of the loan portfolio summarized by credit quality indicators:
Total Loans	301,856	271,460
Commercial | Acquisition & Development
Classes of the loan portfolio summarized by credit quality indicators:
Total Loans	101,690	98,590
Residential
Classes of the loan portfolio summarized by credit quality indicators:
Total Loans	246,214	215,452
Home Equity
Classes of the loan portfolio summarized by credit quality indicators:
Total Loans	62,400	65,386
Consumer
Classes of the loan portfolio summarized by credit quality indicators:
Total Loans	12,783	14,511
Pass
Classes of the loan portfolio summarized by credit quality indicators:
Total Loans	1,055,817	1,000,169
Pass | Commercial
Classes of the loan portfolio summarized by credit quality indicators:
Total Loans	739,504	708,460
Pass | Commercial | Commercial Business
Classes of the loan portfolio summarized by credit quality indicators:
Total Loans	371,041	376,734
Pass | Commercial | Commercial Real Estate
Classes of the loan portfolio summarized by credit quality indicators:
Total Loans	271,751	240,851
Pass | Commercial | Acquisition & Development
Classes of the loan portfolio summarized by credit quality indicators:
Total Loans	96,712	90,875
Pass | Residential
Classes of the loan portfolio summarized by credit quality indicators:
Total Loans	242,823	212,869
Pass | Home Equity
Classes of the loan portfolio summarized by credit quality indicators:
Total Loans	61,037	64,706
Pass | Consumer
Classes of the loan portfolio summarized by credit quality indicators:
Total Loans	12,453	14,134
Special Mention
Classes of the loan portfolio summarized by credit quality indicators:
Total Loans	33,263	33,726
Special Mention | Commercial
Classes of the loan portfolio summarized by credit quality indicators:
Total Loans	28,742	31,178
Special Mention | Commercial | Commercial Business
Classes of the loan portfolio summarized by credit quality indicators:
Total Loans	4,816	2,933
Special Mention | Commercial | Commercial Real Estate
Classes of the loan portfolio summarized by credit quality indicators:
Total Loans	22,995	26,340
Special Mention | Commercial | Acquisition & Development
Classes of the loan portfolio summarized by credit quality indicators:
Total Loans	931	1,905
Special Mention | Residential
Classes of the loan portfolio summarized by credit quality indicators:
Total Loans	3,036	1,664
Special Mention | Home Equity
Classes of the loan portfolio summarized by credit quality indicators:
Total Loans	1,311	582
Special Mention | Consumer
Classes of the loan portfolio summarized by credit quality indicators:
Total Loans	174	302
Substandard
Classes of the loan portfolio summarized by credit quality indicators:
Total Loans	12,997	13,847
Substandard | Commercial
Classes of the loan portfolio summarized by credit quality indicators:
Total Loans	12,697	12,949
Substandard | Commercial | Commercial Business
Classes of the loan portfolio summarized by credit quality indicators:
Total Loans	4,506	6,833
Substandard | Commercial | Commercial Real Estate
Classes of the loan portfolio summarized by credit quality indicators:
Total Loans	5,961	3,532
Substandard | Commercial | Acquisition & Development
Classes of the loan portfolio summarized by credit quality indicators:
Total Loans	2,230	2,584
Substandard | Residential
Classes of the loan portfolio summarized by credit quality indicators:
Total Loans	223	787
Substandard | Home Equity
Classes of the loan portfolio summarized by credit quality indicators:
Total Loans	52	98
Substandard | Consumer
Classes of the loan portfolio summarized by credit quality indicators:
Total Loans	25	13
Doubtful
Classes of the loan portfolio summarized by credit quality indicators:
Total Loans	3,229	4,226
Doubtful | Commercial
Classes of the loan portfolio summarized by credit quality indicators:
Total Loans	2,966	4,032
Doubtful | Commercial | Commercial Business
Classes of the loan portfolio summarized by credit quality indicators:
Total Loans	0	69
Doubtful | Commercial | Commercial Real Estate
Classes of the loan portfolio summarized by credit quality indicators:
Total Loans	1,149	737
Doubtful | Commercial | Acquisition & Development
Classes of the loan portfolio summarized by credit quality indicators:
Total Loans	1,817	3,226
Doubtful | Residential
Classes of the loan portfolio summarized by credit quality indicators:
Total Loans	132	132
Doubtful | Home Equity
Classes of the loan portfolio summarized by credit quality indicators:
Total Loans	0	0
Doubtful | Consumer
Classes of the loan portfolio summarized by credit quality indicators:
Total Loans	$ 131	$ 62

LOANS AND ALLOWANCE FOR LOAN 69

LOANS AND ALLOWANCE FOR LOAN LOSSES - Aging (Details)	12 Months Ended
	Dec. 31, 2017USD ($)quartercomponent	Dec. 31, 2016USD ($)	Dec. 31, 2015USD ($)
Aging categories of performing loans and nonaccrual loans
Current	$ 1,095,474,000	$ 1,044,311,000
Total Past Due	9,832,000	7,657,000
Total Loans	1,105,306,000	1,051,968,000
Non-Accrual	9,699,000	6,229,000
90 Days Still Accruing	0	0
Increased amount of interest income on loans	$ 423,000	396,000	$ 639,000
Allowance for loan losses, number of evaluation components | component	2
Impaired loans collectively evaluated	$ 1,300,000	0
Number of rolling quarters utilized in charge-off factor calculation | quarter	12
Liability for unfunded commitments	$ 284,000	284,000
Commercial
Aging categories of performing loans and nonaccrual loans
Current	777,756,000	752,664,000
Total Past Due	6,153,000	3,955,000
Total Loans	783,909,000	756,619,000
Non-Accrual	8,350,000	4,975,000
90 Days Still Accruing	0	0
Commercial | Commercial Business
Aging categories of performing loans and nonaccrual loans
Current	377,901,000	386,311,000
Total Past Due	2,462,000	258,000
Total Loans	380,363,000	386,569,000
Non-Accrual	1,027,000	74,000
90 Days Still Accruing	0	0
Commercial | Commercial Real Estate
Aging categories of performing loans and nonaccrual loans
Current	300,282,000	270,339,000
Total Past Due	1,574,000	1,121,000
Total Loans	301,856,000	271,460,000
Non-Accrual	5,206,000	1,375,000
90 Days Still Accruing	0	0
Commercial | Acquisition & Development
Aging categories of performing loans and nonaccrual loans
Current	99,573,000	96,014,000
Total Past Due	2,117,000	2,576,000
Total Loans	101,690,000	98,590,000
Non-Accrual	2,117,000	3,526,000
90 Days Still Accruing	0	0
Residential
Aging categories of performing loans and nonaccrual loans
Current	243,177,000	212,502,000
Total Past Due	3,037,000	2,950,000
Total Loans	246,214,000	215,452,000
Non-Accrual	1,157,000	1,072,000
90 Days Still Accruing	0	0
Home Equity
Aging categories of performing loans and nonaccrual loans
Current	61,907,000	64,791,000
Total Past Due	493,000	595,000
Total Loans	62,400,000	65,386,000
Non-Accrual	13,000	104,000
90 Days Still Accruing	0	0
Consumer
Aging categories of performing loans and nonaccrual loans
Current	12,634,000	14,354,000
Total Past Due	149,000	157,000
Total Loans	12,783,000	14,511,000
Non-Accrual	179,000	78,000
90 Days Still Accruing	0	0
Financing Receivables, 30 to 59 Days Past Due
Aging categories of performing loans and nonaccrual loans
Total Past Due	2,687,000	2,891,000
Financing Receivables, 30 to 59 Days Past Due | Commercial
Aging categories of performing loans and nonaccrual loans
Total Past Due	557,000	244,000
Financing Receivables, 30 to 59 Days Past Due | Commercial | Commercial Business
Aging categories of performing loans and nonaccrual loans
Total Past Due	512,000	15,000
Financing Receivables, 30 to 59 Days Past Due | Commercial | Commercial Real Estate
Aging categories of performing loans and nonaccrual loans
Total Past Due	45,000	229,000
Financing Receivables, 30 to 59 Days Past Due | Commercial | Acquisition & Development
Aging categories of performing loans and nonaccrual loans
Total Past Due	0	0
Financing Receivables, 30 to 59 Days Past Due | Residential
Aging categories of performing loans and nonaccrual loans
Total Past Due	1,879,000	2,067,000
Financing Receivables, 30 to 59 Days Past Due | Home Equity
Aging categories of performing loans and nonaccrual loans
Total Past Due	240,000	525,000
Financing Receivables, 30 to 59 Days Past Due | Consumer
Aging categories of performing loans and nonaccrual loans
Total Past Due	11,000	55,000
Financing Receivables, 60 to 89 Days Past Due
Aging categories of performing loans and nonaccrual loans
Total Past Due	4,338,000	622,000
Financing Receivables, 60 to 89 Days Past Due | Commercial
Aging categories of performing loans and nonaccrual loans
Total Past Due	3,391,000	169,000
Financing Receivables, 60 to 89 Days Past Due | Commercial | Commercial Business
Aging categories of performing loans and nonaccrual loans
Total Past Due	1,368,000	169,000
Financing Receivables, 60 to 89 Days Past Due | Commercial | Commercial Real Estate
Aging categories of performing loans and nonaccrual loans
Total Past Due	1,149,000	0
Financing Receivables, 60 to 89 Days Past Due | Commercial | Acquisition & Development
Aging categories of performing loans and nonaccrual loans
Total Past Due	874,000	0
Financing Receivables, 60 to 89 Days Past Due | Residential
Aging categories of performing loans and nonaccrual loans
Total Past Due	707,000	419,000
Financing Receivables, 60 to 89 Days Past Due | Home Equity
Aging categories of performing loans and nonaccrual loans
Total Past Due	240,000	0
Financing Receivables, 60 to 89 Days Past Due | Consumer
Aging categories of performing loans and nonaccrual loans
Total Past Due	0	34,000
Financing Receivables, Equal to Greater than 90 Days Past Due
Aging categories of performing loans and nonaccrual loans
Total Past Due	2,807,000	4,144,000
Financing Receivables, Equal to Greater than 90 Days Past Due | Commercial
Aging categories of performing loans and nonaccrual loans
Total Past Due	2,205,000	3,542,000
Financing Receivables, Equal to Greater than 90 Days Past Due | Commercial | Commercial Business
Aging categories of performing loans and nonaccrual loans
Total Past Due	582,000	74,000
Financing Receivables, Equal to Greater than 90 Days Past Due | Commercial | Commercial Real Estate
Aging categories of performing loans and nonaccrual loans
Total Past Due	380,000	892,000
Financing Receivables, Equal to Greater than 90 Days Past Due | Commercial | Acquisition & Development
Aging categories of performing loans and nonaccrual loans
Total Past Due	1,243,000	2,576,000
Financing Receivables, Equal to Greater than 90 Days Past Due | Residential
Aging categories of performing loans and nonaccrual loans
Total Past Due	451,000	464,000
Financing Receivables, Equal to Greater than 90 Days Past Due | Home Equity
Aging categories of performing loans and nonaccrual loans
Total Past Due	13,000	70,000
Financing Receivables, Equal to Greater than 90 Days Past Due | Consumer
Aging categories of performing loans and nonaccrual loans
Total Past Due	$ 138,000	$ 68,000

LOANS AND ALLOWANCE FOR LOAN 70

LOANS AND ALLOWANCE FOR LOAN LOSSES - Allowance (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Changes in the allowance for loan losses
Balance at beginning of period	$ 9,101	$ 8,006	$ 6,223
Charge-offs	(1,497)	(2,557)	(747)
Recoveries	101	20	37
Provision	2,173	3,632	2,493
Balance at end of period	9,878	9,101	8,006
Individually evaluated for impairment	1,188	543	1,013
Collectively evaluated for impairment	8,690	8,558	6,993
Commercial
Changes in the allowance for loan losses
Balance at beginning of period	7,181	6,066	4,363
Charge-offs	(1,138)	(1,995)	(708)
Recoveries	39	8	20
Provision	1,722	3,102	2,391
Balance at end of period	7,804	7,181	6,066
Individually evaluated for impairment	1,172	376	708
Collectively evaluated for impairment	6,632	6,805	5,358
Residential
Changes in the allowance for loan losses
Balance at beginning of period	990	1,095	962
Charge-offs	(141)	(124)	(28)
Recoveries	40	2	2
Provision	230	17	159
Balance at end of period	1,119	990	1,095
Individually evaluated for impairment	0	122	276
Collectively evaluated for impairment	1,119	868	819
Home Equity
Changes in the allowance for loan losses
Balance at beginning of period	728	715	691
Charge-offs	(109)	(100)	(5)
Recoveries	4	9	4
Provision	82	104	25
Balance at end of period	705	728	715
Individually evaluated for impairment	0	36	28
Collectively evaluated for impairment	705	692	687
Consumer
Changes in the allowance for loan losses
Balance at beginning of period	202	130	207
Charge-offs	(109)	(338)	(6)
Recoveries	18	1	11
Provision	139	409	(82)
Balance at end of period	250	202	130
Individually evaluated for impairment	16	9	1
Collectively evaluated for impairment	$ 234	$ 193	$ 129

LOANS AND ALLOWANCE FOR LOAN 71

LOANS AND ALLOWANCE FOR LOAN LOSSES - Troubled Debt Restructurings (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2017USD ($)borrowerloancontract	Dec. 31, 2016USD ($)loancontract
Details related to loans identified as Troubled Debt Restructurings (TDRs):
Specific reserve allocations for TDR's	$ 439	$ 348
Troubled debt restructuring loans	$ 6,400	$ 8,800
Number of additional restructured loans | loan		2
Number of Contracts | contract	1	0
Pre-Modification Outstanding Recorded Investment	$ 147	$ 0
Post-Modification Outstanding Recorded Investment	$ 147	0
Commercial Real Estate
Details related to loans identified as Troubled Debt Restructurings (TDRs):
Loans defaulted under the restructured terms		$ 214
Acquisition & Development
Details related to loans identified as Troubled Debt Restructurings (TDRs):
Number of restructured loans | loan		3
Number of borrowers defaulted | borrower	1
Commercial
Details related to loans identified as Troubled Debt Restructurings (TDRs):
Number of Contracts | contract	1	0
Pre-Modification Outstanding Recorded Investment	$ 147	$ 0
Post-Modification Outstanding Recorded Investment	$ 147	$ 0
Commercial | Commercial Business
Details related to loans identified as Troubled Debt Restructurings (TDRs):
Number of Contracts | contract	1	0
Pre-Modification Outstanding Recorded Investment	$ 147	$ 0
Post-Modification Outstanding Recorded Investment	$ 147	$ 0
Commercial | Commercial Real Estate
Details related to loans identified as Troubled Debt Restructurings (TDRs):
Number of Contracts | contract	0	0
Pre-Modification Outstanding Recorded Investment	$ 0	$ 0
Post-Modification Outstanding Recorded Investment	$ 0	$ 0
Commercial | Acquisition & Development
Details related to loans identified as Troubled Debt Restructurings (TDRs):
Number of Contracts | contract	0	0
Pre-Modification Outstanding Recorded Investment	$ 0	$ 0
Post-Modification Outstanding Recorded Investment	$ 0	0
Residential
Details related to loans identified as Troubled Debt Restructurings (TDRs):
Loans defaulted under the restructured terms		$ 348
Number of Contracts | contract	0	0
Pre-Modification Outstanding Recorded Investment	$ 0	$ 0
Post-Modification Outstanding Recorded Investment	$ 0	$ 0
Home Equity
Details related to loans identified as Troubled Debt Restructurings (TDRs):
Number of Contracts | contract	0	0
Pre-Modification Outstanding Recorded Investment	$ 0	$ 0
Post-Modification Outstanding Recorded Investment	$ 0	$ 0
Consumer
Details related to loans identified as Troubled Debt Restructurings (TDRs):
Number of Contracts | contract	0	0
Pre-Modification Outstanding Recorded Investment	$ 0	$ 0
Post-Modification Outstanding Recorded Investment	0	0
Accruing
Details related to loans identified as Troubled Debt Restructurings (TDRs):
Troubled debt restructuring loans	$ 5,900	$ 5,900
Accruing | Portfolio Risk | Troubled Debt Restructured Loans
Details related to loans identified as Troubled Debt Restructurings (TDRs):
Concentration risk, percentage	38.00%	49.00%
Borrower One | Acquisition & Development
Details related to loans identified as Troubled Debt Restructurings (TDRs):
Loans defaulted under the restructured terms	$ 432	$ 2,300
Commercial Borrower One | Acquisition & Development
Details related to loans identified as Troubled Debt Restructurings (TDRs):
Number of restructured loans | loan	2	2
Commercial Borrower Two | Acquisition & Development
Details related to loans identified as Troubled Debt Restructurings (TDRs):
Number of borrowers defaulted | loan		1

PREMISES AND EQUIPMENT (Details

PREMISES AND EQUIPMENT (Details) - USD ($) $ in Thousands	1 Months Ended	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Premises and equipment
Gross premises and equipment	$ 38,508	$ 38,508	$ 34,951
Accumulated depreciation	(11,822)	(11,822)	(9,870)
Net premises and equipment	26,686	26,686	25,081
Gain on sale of fixed assets	343
Depreciation expense		2,600	2,000	$ 2,000
Land
Premises and equipment
Gross premises and equipment	3,901	3,901	3,965
Buildings and improvements
Premises and equipment
Gross premises and equipment	17,358	17,358	16,906
Furniture, fixtures and equipment
Premises and equipment
Gross premises and equipment	14,864	14,864	12,127
Construction in progress
Premises and equipment
Gross premises and equipment	855	855	608
Leasehold improvements
Premises and equipment
Gross premises and equipment	$ 1,530	$ 1,530	$ 1,345

DEPOSITS - Schedule of Deposits

DEPOSITS - Schedule of Deposits (Details) - USD ($) $ in Thousands	Dec. 31, 2017	Dec. 31, 2016
Demand deposits of individuals, partnerships, and corporations
Noninterest bearing demand	$ 125,963	$ 115,692
Interest bearing demand	436,303	414,031
Savings and money markets	284,795	280,533
Time deposits including CDs and IRAs	312,519	296,761
Total deposits	1,159,580	1,107,017
Time deposits that meet or exceed the FDIC insurance limit	$ 18,832	$ 18,727

DEPOSITS - Maturities (Details)

DEPOSITS - Maturities (Details) $ in Thousands	Dec. 31, 2017USD ($)
Maturities of Time Deposits
2,018	$ 169,220
2,019	61,254
2,020	36,758
2,021	12,268
2,022	33,019
Total	$ 312,519

BORROWED FUNDS - Short-term Bor

BORROWED FUNDS - Short-term Borrowings and Repurchase Agreements (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Borrowed funds
Remaining maximum borrowing capacity with the FHLB	$ 199,800
FHLB and other borrowings	152,169	$ 90,921
Maximum borrowing capacity with the FHLB	434,000
Short-term Borrowings from FHLB
Short-term Borrowings and Repurchase Agreements
Balance at end of year	149,596	87,733	$ 179,917
Average balance during the year	100,969	137,822	121,425
Maximum month-end balance	$ 220,097	$ 210,600	$ 179,917
Weighted-average rate during the year	1.16%	0.51%	0.34%
Weighted-average rate at December 31	1.61%	0.74%	0.44%
Repurchase Agreements
Short-term Borrowings and Repurchase Agreements
Balance at end of year	$ 22,403	$ 25,160	$ 27,437
Average balance during the year	25,160	27,066	26,884
Maximum month-end balance	$ 25,972	$ 29,561	$ 32,470
Weighted-average rate during the year	0.30%	0.27%	0.31%
Weighted-average rate at December 31	0.34%	0.28%	0.30%
Investment Securities
Short-term Borrowings and Repurchase Agreements
Investment securities held as collateral	$ 23,100	$ 26,000
Subordinated Debt
Short-term Borrowings and Repurchase Agreements
Weighted-average rate during the year	6.69%	6.64%	6.57%

BORROWED FUNDS - Term Notes fro

BORROWED FUNDS - Term Notes from the FHLB (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016
Borrowed funds
Borrowings from the FHLB	$ 2,573	$ 3,188
Fixed Interest Rate Notes, Originating Between October 2006 and April 2007, Due Between October 2021 and April 2022 [Member] | Minimum
Borrowed funds
Interest rate on debt security	5.18%
Fixed Interest Rate Notes, Originating Between October 2006 and April 2007, Due Between October 2021 and April 2022 [Member] | Maximum
Borrowed funds
Interest rate on debt security	5.20%
Fixed interest rate notes, originating between October 2006 and April 2007, due between October 2021 and April 2022, interest of between 5.18% and 5.20% payable monthly
Borrowed funds
Borrowings from the FHLB	$ 1,798	2,390
Amortizing fixed interest rate note, originating February 2007, due February 2022, payable in monthly installments of $5 thousand, including interest of 5.22%
Borrowed funds
Borrowings from the FHLB	$ 775	$ 798
Interest rate on debt security	5.22%
Monthly installments	$ 5

BORROWED FUNDS - Subordinated D

BORROWED FUNDS - Subordinated Debt (Details) - USD ($)	Jun. 30, 2014	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015	Mar. 31, 2007
Subordinated Debt
Balance at end of year		$ 33,524,000	$ 33,524,000
Interest expense on borrowed funds		2,242,000	2,226,000	$ 2,204,000
Subordinated Debt
Subordinated Debt
Balance at end of year		33,524,000	33,524,000	33,524,000
Average balance during the year		33,524,000	33,524,000	33,524,000
Maximum month-end balance		$ 33,524,000	$ 33,524,000	$ 33,524,000
Weighted-average rate during the year		6.69%	6.64%	6.57%
Weighted-average rate at December 31		6.70%	6.63%	6.57%
Interest expense on borrowed funds		$ 2,200,000	$ 2,200,000	$ 2,200,000
Subordinated Debentures | Subordinated Debt
Subordinated Debt
Face amount of debt issued					$ 4,000,000
Subordinated Debentures | LIBOR | Subordinated Debt
Subordinated Debt
Variable rate basis spread		1.62%
Convertible Subordinated Promissory Notes Due 2024 | Subordinated Debt
Subordinated Debt
Face amount of debt issued	$ 29,400,000
Debt instrument, investment amount of holder	100,000
Debt instrument, minimum ownership of common stock as percentage of principal acquired	$ 1,000,000
Term of debt instrument	10 years
Debt instrument, maximum interest rate after fifth anniversary		9.00%
Debt instrument, minimum period from issuance that principal may be prepaid		5 years
Debt instrument, threshold consecutive trading days for conversion after first, second, third, fourth, and fifth anniversaries of the issuance		30 days
Debt instrument, conversion price (in dollars per share)		$ 16
Debt instrument, notice period of intent to prepay		20 days
Debt instrument, issuance threshold amount requiring consent of holders		$ 15,000,000
Debt instrument, redemption price percentage		100.00%
Debt instrument, required period before redemption		5 years
Convertible Subordinated Promissory Notes Due 2024 | Subordinated Debt | Debtholder Investments Less Than Three Million Dollars
Subordinated Debt
Debt instrument, investment amount of holder		$ 3,000,000
Debt instrument, minimum ownership of common stock as percentage of principal acquired		30.00%
Interest rate on debt security		7.00%
Convertible Subordinated Promissory Notes Due 2024 | Subordinated Debt | Debtholder Investments Of Three Million Dollars Or Greater
Subordinated Debt
Debt instrument, investment amount of holder		$ 3,000,000
Debt instrument, minimum ownership of common stock as percentage of principal acquired		30.00%
Interest rate on debt security		7.50%
Convertible Subordinated Promissory Notes Due 2024 | Subordinated Debt | Debtholder Investments Of Ten Million Dollars Or Greater
Subordinated Debt
Debt instrument, investment amount of holder		$ 10,000,000
Interest rate on debt security		7.00%
Convertible Subordinated Promissory Notes Due 2024 | LIBOR | Subordinated Debt
Subordinated Debt
Debt instrument, basis spread on variable rate after fifth anniversary		5.00%

BORROWED FUNDS - Summary of Mat

BORROWED FUNDS - Summary of Maturities (Details) $ in Thousands	Dec. 31, 2017USD ($)
Maturities of Borrowings and Subordinated Debt
2,018	$ 149,677
2,019	85
2,020	90
2,021	886
2,022	1,431
Thereafter	33,524
Total	$ 185,693

COMMITMENTS AND CONTINGENT LI79

COMMITMENTS AND CONTINGENT LIABILITIES (Details) - USD ($)	Dec. 31, 2017	Dec. 31, 2016
Financial Instruments with Off-Balance-Sheet Risk
Total contractual amounts of the commitments	$ 341,340,000	$ 270,675,000
Average balance maintained in accordance with Federal Reserve Board requirements	0	0
Available on lines of credit
Financial Instruments with Off-Balance-Sheet Risk
Total contractual amounts of the commitments	327,647,000	255,469,000
Stand-by letters of credit
Financial Instruments with Off-Balance-Sheet Risk
Total contractual amounts of the commitments	12,297,000	13,387,000
Other loan commitments
Financial Instruments with Off-Balance-Sheet Risk
Total contractual amounts of the commitments	$ 1,396,000	$ 1,819,000

INCOME TAXES - Provision for In

INCOME TAXES - Provision for Income Taxes (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Current:
Federal	$ 2,635	$ 4,885	$ 2,830
State	771	1,197	591
Total current	3,406	6,082	3,421
Deferred expense (benefit)
Federal	1,268	665	(371)
State	81	42	(24)
Total deferred expense (benefit)	1,349	707	(395)
Income tax expense (benefit)	$ 4,755	$ 6,789	$ 3,026

INCOME TAXES - Reconciliation (

INCOME TAXES - Reconciliation (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Effective Income Tax Rate Reconciliation, Amount
Tax at Federal tax rate	$ 4,369	$ 6,689	$ 3,346
Tax effect of:
State income tax	771	1,197	246
Tax exempt earnings	(1,031)	(1,097)	(566)
Impact of deferred tax rate change	646	0	0
Income tax expense (benefit)	$ 4,755	$ 6,789	$ 3,026
Effective Income Tax Rate Reconciliation, Percent
Tax at Federal tax rate (percentage)	34.00%	34.00%	34.00%
Tax effect of:
State income tax (percentage)	6.00%	6.00%	2.50%
Tax exempt earnings (percentage)	(6.40%)	(5.50%)	(5.80%)
Impact of deferred tax rate change (percentage)	5.00%	0.00%	0.00%
Income tax expense (benefit) (as a percentage)	38.60%	34.50%	30.70%

INCOME TAXES - Deferred Income

INCOME TAXES - Deferred Income Tax Assets and (Liabilities) (Details) - USD ($)	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016
Components of Deferred Tax Assets and Liabilities
Allowance for loan losses	$ 2,798,000	$ 2,641,000
Minimum pension liability	1,342,000	1,786,000
Unrealized loss on securities available-for-sale	2,000	1,066,000
Gross deferred tax assets	4,142,000	5,493,000
Depreciation	(1,137,000)	(1,352,000)
Pension	(21,000)	(6,000)
Goodwill	(1,523,000)	(465,000)
Gross deferred tax liabilities	(2,681,000)	(1,823,000)
Net deferred tax asset	1,461,000	$ 3,670,000
Deferred tax asset, income tax charge	646,000
Deferred income tax valuation allowance	0
Liability for uncertain tax positions	0
Unrecognized tax benefits	$ 0

RELATED PARTY TRANSACTIONS (Det

RELATED PARTY TRANSACTIONS (Details) - USD ($)	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016
Related Party Transactions [Abstract]
Balance at Beginning of Year	$ 28,536,000	$ 42,840,000
Borrowings	129,947,000	251,708,000
Executive Officer and Director Retirements	(525,000)	(7,194,000)
Repayments	(139,300,000)	(258,818,000)
Balance at Beginning of Year	18,658,000	28,536,000
Related party deposits	17,100,000	17,800,000
Related party repurchase agreements	$ 0	$ 0

PENSION PLAN - Summary of activ

PENSION PLAN - Summary of activity (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015	May 31, 2014
Retirement Benefits [Abstract]
Discount rate used to re-measure pension obligation	3.55%	4.05%	4.30%	4.46%
Pension expense	$ 256	$ 273	$ 256
Change in benefit obligation
Benefit obligation at beginning of year	9,021	8,662
Service cost	0	0	0
Interest cost	360	367	315
Actuarial loss	95	4
Assumption changes	775	179
Curtailment impact	0	0
Benefits paid	(193)	(191)
Benefit obligation at end of year	10,058	9,021	8,662
Change in plan assets:
Fair value of plan assets at beginning of year	4,573	4,486
Actual return on plan assets	467	96
Employer contribution	319	182
Benefits paid	(193)	(191)
Fair value of plan assets at end of year	5,166	4,573	$ 4,486
Funded status	(4,892)	(4,448)
Unrecognized net actuarial loss	4,972	4,464
Unrecognized prior service cost	0	0
Prepaid pension cost recognized	80	16
Accumulated benefit obligation	$ 10,058	$ 9,021

PENSION PLAN - Weighted Average

PENSION PLAN - Weighted Average Assumptions and Net Periodic Pension Cost (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015	May 31, 2014
Weighted average assumptions used to determine the benefit obligation
Discount rate	3.55%	4.05%	4.30%	4.46%
Components of net periodic pension cost
Service cost	$ 0	$ 0	$ 0
Interest cost	360	367	315
Expected return on plan assets	(345)	(330)	(316)
Amortization of prior service costs	0	0	0
Amortization of net actuarial loss	241	236	257
Net periodic pension cost	$ 256	$ 273	$ 256
Weighted average assumptions used to determine net periodic pension cost
Discount rate	4.05%	4.30%	3.90%
Expected long-term rate of return on plan assets	6.75%	6.75%	6.75%

PENSION PLAN - Plan Asset Alloc

PENSION PLAN - Plan Asset Allocations (Details) - USD ($) $ in Thousands	Dec. 31, 2017	Dec. 31, 2016
Pension Plan Asset Allocations
Plan Assets	100.00%	100.00%
Estimated Amortization Over Next Fiscal Year
Estimated net loss (gain) expected to be amortized from accumulated other comprehensive income into net periodic cost	$ 306
Cash
Pension Plan Asset Allocations
Plan Assets	9.00%	16.00%
Fixed income
Pension Plan Asset Allocations
Plan Assets	23.00%	28.00%
Alternative investments
Pension Plan Asset Allocations
Plan Assets	13.00%	9.00%
Domestic equities
Pension Plan Asset Allocations
Plan Assets	32.00%	28.00%
Foreign equities
Pension Plan Asset Allocations
Plan Assets	23.00%	19.00%

PENSION PLAN - Plan Assets at F

PENSION PLAN - Plan Assets at Fair Value (Details) - USD ($) $ in Thousands	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Plan's assets at fair value by level, within the fair value hierarchy
Total assets at fair value	$ 5,166	$ 4,573	$ 4,486
Level I
Plan's assets at fair value by level, within the fair value hierarchy
Total assets at fair value	4,494	4,161
Level III
Plan's assets at fair value by level, within the fair value hierarchy
Total assets at fair value	672	412
Cash
Plan's assets at fair value by level, within the fair value hierarchy
Total assets at fair value	465	732
Cash | Level I
Plan's assets at fair value by level, within the fair value hierarchy
Total assets at fair value	465	732
Fixed income
Plan's assets at fair value by level, within the fair value hierarchy
Total assets at fair value	1,188	1,280
Fixed income | Level I
Plan's assets at fair value by level, within the fair value hierarchy
Total assets at fair value	1,188	1,280
Alternative investments
Plan's assets at fair value by level, within the fair value hierarchy
Total assets at fair value	672	412
Alternative investments | Level III
Plan's assets at fair value by level, within the fair value hierarchy
Total assets at fair value	672	412
Domestic equities
Plan's assets at fair value by level, within the fair value hierarchy
Total assets at fair value	1,653	1,280
Domestic equities | Level I
Plan's assets at fair value by level, within the fair value hierarchy
Total assets at fair value	1,653	1,280
Foreign equities
Plan's assets at fair value by level, within the fair value hierarchy
Total assets at fair value	1,188	869
Foreign equities | Level I
Plan's assets at fair value by level, within the fair value hierarchy
Total assets at fair value	$ 1,188	$ 869

PENSION PLAN - Estimated Contri

PENSION PLAN - Estimated Contributions Over Next Fiscal Year and Benefit Payments (Details) $ in Thousands	Dec. 31, 2017USD ($)
Estimated Future Employer Contributions
Contributions for the period of 01/01/18 through 12/31/18	$ 416
Estimated future benefit payments reflecting expected future service
2,018	251
2,019	259
2,020	283
2,021	299
2,022	308
2023 through 2027	$ 2,129

GOODWILL AND OTHER INTANGIBLE89

GOODWILL AND OTHER INTANGIBLE ASSETS - Schedule of Goodwill (Details) - USD ($)	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Goodwill [Roll Forward]
Goodwill, beginning balance	$ 18,480,000	$ 18,480,000	$ 17,779,000
Goodwill resulting from branch acquisition		701,000	701,000
Goodwill, ending balance	18,480,000	18,480,000	18,480,000
Intangible Assets, Other Disclosures
Goodwill impairment	0	0
Core Deposit Intangible
Finite-lived Intangible Assets
Gross, beginning balance	1,006,000	1,006,000	128,000
Accumulated depreciation, beginning balance	(262,000)	(161,000)	(127,000)
Net, beginning balance	744,000	845,000	1,000
Accumulated Amortization expense	(98,000)	(101,000)	(34,000)
Core deposit intangible resulting from branch acquisition		878,000	878,000
Gross, ending balance	1,006,000	1,006,000	1,006,000
Accumulated depreciation, ending balance	(360,000)	(262,000)	(161,000)
Net, ending balance	$ 646,000	744,000	845,000
Intangible Assets, Other Disclosures
Amortization period	10 years
Impairment charges	$ 0	$ 0	$ 0

GOODWILL AND OTHER INTANGIBLE90

GOODWILL AND OTHER INTANGIBLE ASSETS - Estimated Amortization Expense of Other Intangible Assets (Details) - Core Deposit Intangible - USD ($) $ in Thousands	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Estimated Amortization Expense
2,018	$ 96
2,019	93
2,020	90
2,021	87
2,022	83
Thereafter	197
Total	$ 646	$ 744	$ 845	$ 1

STOCK OFFERINGS (Details)

STOCK OFFERINGS (Details) - USD ($)	Apr. 20, 2017	Mar. 13, 2017	Jan. 05, 2017	Dec. 06, 2016	Mar. 09, 2016	Jun. 30, 2014	Sep. 08, 2011	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015	Mar. 10, 2017
Stock offering
Common stock, par value (in dollars per share)								$ 1	$ 1
Proceeds from stock offering, net of issuance costs								$ 4,931,000	$ 20,519,000	$ 0
Number of designated preferred shares (in shares)								783	9,283
Preferred stock, par value (in dollars per share)								$ 1,000	$ 1,000
Aggregate redemption price								$ 8,500,000
Series B Preferred Stock
Stock offering
Number of designated preferred shares (in shares)						400
Dividend rate						6.00%
Period from first, second, third, fourth, and fifth anniversary of original issue date that stock may be convertible						30 days
Conversion price (in dollars per share)						$ 16
Series C Preferred Stock
Stock offering
Number of designated preferred shares (in shares)						383.4
Dividend rate						6.50%
Period from first, second, third, fourth, and fifth anniversary of original issue date that stock may be convertible						30 days
Conversion price (in dollars per share)						$ 16
Preferred Class A
Stock offering
Stock offering (in shares)							8,500
Dividend rate					9.00%		1.00%
SBLF capital received							$ 8,500,000
Preferred stock, par value (in dollars per share)							$ 1,000
Stock redeemed (in shares)			8,500
Liquidation amount per share (in dollars per share)			$ 1,000
Aggregate redemption price			$ 8,508,500
Rights Offering
Stock offering
Number of shares into which rights may be converted (in shares)											434,783
Stock offering (in shares)	434,783
Proceeds from stock offering, net of issuance costs	$ 5,000,000
Private Placement
Stock offering
Stock offering (in shares)				1,913,044
Common stock, par value (in dollars per share)				$ 1
Sale of stock, price per share (in dollars per share)				$ 11.50
Proceeds from stock offering, gross				$ 22,000,000
Proceeds from stock offering, net of issuance costs				$ 20,500,000
Chief Executive Officer
Stock offering
Stock offering (in shares)		100,000
Chief Executive Officer | Investment Agreement
Stock offering
Stock offering (in shares)		9,001
Chief Executive Officer | Rights Offering
Stock offering
Stock offering (in shares)		90,999
Maximum | Chief Executive Officer | Investment Agreement
Stock offering
Number of shares into which rights may be converted (in shares)		100,000

STOCK OPTIONS - Stock Option Ac

STOCK OPTIONS - Stock Option Activity (Details) - Stock option - $ / shares	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Number of Shares
Outstanding at beginning of year (in shares)	1,499,795	1,190,295
Granted (in shares)	321,750	432,000
Exercised (in shares)	(49,400)	(55,000)
Forfeited/expired (in shares)	(94,500)	(67,500)
Outstanding at end of year (in shares)	1,677,645	1,499,795	1,190,295
Exercisable at end of year (in shares)	910,647	768,598
Weighted-Average Exercise Price
Outstanding at beginning of year (in dollars per share)	$ 13.11	$ 13.15
Granted (in dollars per share)	15.12	12.72
Exercised (in dollars per share)	12.24	9.02
Forfeited/expired (in dollars per share)	8.41	14.59
Outstanding at end of year (in dollars per share)	13.46	13.11	$ 13.15
Exercisable at end of year (in dollars per share)	13	12.75
Additional disclosure
Weighted-average fair value of options granted during the year (in dollars per share)	$ 4.05	$ 2.98	$ 2.72

STOCK OPTIONS - Outstanding and

STOCK OPTIONS - Outstanding and Exercisable (Details) - Stock option - USD ($)	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Options Outstanding
Total Options (in shares)	1,677,645	1,499,795	1,190,295
Weighted-Average Exercise Price (in dollars per share)	$ 13.46	$ 13.11	$ 13.15
Intrinsic Value	$ 11,145,745
Weighted-Average Remaining Life	6 years 7 months 17 days
Options Exercisable
Total Options (in shares)	910,647	768,598
Weighted-Average Exercise Price (in dollars per share)	$ 13	$ 12.75
Intrinsic Value	$ 6,465,272
Weighted-Average Remaining Life	5 years 3 months 11 days

STOCK OPTIONS - Narrative (Deta

STOCK OPTIONS - Narrative (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock based compensation	$ 813	$ 568	$ 413
Common stock options exercised	$ (10)	$ 32	(448)
Stock option
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Additional shares available for grant of awards	1,000,000
Shares authorized for issuance (in shares)	3,200,000
Shares available for issuance (in shares)	1,173,575
Shares granted (in shares)	321,750	432,000
Stock based compensation	$ 813	$ 568	413
Common stock options exercised	(10)	32	(448)
Intrinsic value of options exercised	$ 8	$ 108	$ 1,600
Fair Value Assumption Used
Average risk-free interest rates	2.29%	1.31%	2.16%
Weighted average expected life	7 years	7 years	7 years
Expected volatility of the entity's stock price	22.76%	19.07%	13.90%
Expected dividend yield	0.60%	0.43%	0.51%
Awards Granted In Period First Group | Stock option
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Expiration term	10 years
Vesting period	5 years
Awards Granted In Period Second Group | Stock option
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Expiration term	10 years
Shares granted (in shares)	22,000
Vesting period	3 years
Awards Granted In Period Third Group | Stock option
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Expiration term	10 years
Shares granted (in shares)	125,000
Vesting period	4 years

REGULATORY CAPITAL REQUIREMEN95

REGULATORY CAPITAL REQUIREMENTS (Details) - USD ($) $ in Thousands	Dec. 31, 2017	Dec. 31, 2016
Total Capital (to risk-weighted assets)
Actual, amount	$ 178,147	$ 174,093
Actual, ratio	14.90%	15.40%
Minimum for Capital Adequacy Purposes, amount	$ 95,948	$ 90,699
Minimum for Capital Adequacy Purposes, ratio	8.00%	8.00%
Tier 1 Capital (to risk-weighted assets)
Actual, amount	$ 138,308	$ 135,100
Actual, ratio	11.50%	11.90%
Minimum for Capital Adequacy Purposes, amount	$ 71,886	$ 68,025
Minimum for Capital Adequacy Purposes, ratio	6.00%	6.00%
Common Equity Tier 1 Capital (to risk-weighted assets)
Actual, amount	$ 126,350	$ 114,642
Actual, ratio	10.60%	10.10%
Minimum for Capital Adequacy Purposes, amount	$ 53,915	$ 51,018
Minimum for Capital Adequacy Purposes, ratio	4.50%	4.50%
Tier 1 Capital (to average assets)
Actual, amount	$ 138,308	$ 135,100
Actual, ratio	9.30%	9.50%
Minimum for Capital Adequacy Purposes, amount	$ 58,667	$ 56,655
Minimum for Capital Adequacy Purposes, ratio	4.00%	4.00%
Subsidiary Bank
Total Capital (to risk-weighted assets)
Actual, amount	$ 169,536	$ 163,394
Actual, ratio	14.20%	14.50%
Minimum to be Well Capitalized, amount	$ 119,231	$ 113,027
Minimum to be Well Capitalized, ratio	10.00%	10.00%
Minimum for Capital Adequacy Purposes, amount	$ 95,385	$ 90,422
Minimum for Capital Adequacy Purposes, ratio	8.00%	8.00%
Tier 1 Capital (to risk-weighted assets)
Actual, amount	$ 159,097	$ 153,737
Actual, ratio	13.30%	13.60%
Minimum to be Well Capitalized, amount	$ 95,385	$ 90,422
Minimum to be Well Capitalized, ratio	8.00%	8.00%
Minimum for Capital Adequacy Purposes, amount	$ 71,539	$ 67,816
Minimum for Capital Adequacy Purposes, ratio	6.00%	6.00%
Common Equity Tier 1 Capital (to risk-weighted assets)
Actual, amount	$ 159,097	$ 153,737
Actual, ratio	13.30%	13.60%
Minimum to be Well Capitalized, amount	$ 77,500	$ 73,468
Minimum to be Well Capitalized, ratio	6.50%	6.50%
Minimum for Capital Adequacy Purposes, amount	$ 53,654	$ 50,862
Minimum for Capital Adequacy Purposes, ratio	4.50%	4.50%
Tier 1 Capital (to average assets)
Actual, amount	$ 159,097	$ 153,737
Actual, ratio	10.70%	10.90%
Minimum to be Well Capitalized, amount	$ 73,119	$ 70,651
Minimum to be Well Capitalized, ratio	5.00%	5.00%
Minimum for Capital Adequacy Purposes, amount	$ 58,495	$ 56,521
Minimum for Capital Adequacy Purposes, ratio	4.00%	4.00%

REGULATORY RESTRICTION ON DIV96

REGULATORY RESTRICTION ON DIVIDEND (Details)	12 Months Ended
	Dec. 31, 2017
Disclosure of Restrictions on Dividends, Loans and Advances Disclosure [Abstract]
Number of preceding years, the retained net profits of which is considered for dividend payment	2 years

LEASES (Details)

LEASES (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Future Minimum Operating Lease Payments
2,018	$ 1,822
2,019	1,299
2,020	1,244
2,021	1,268
2,022	1,201
Thereafter	5,185
Total minimum payments required	12,019
Rent expense	$ 2,000	$ 1,700	$ 1,800

FAIR VALUE OF FINANCIAL INSTR98

FAIR VALUE OF FINANCIAL INSTRUMENTS (Details) - USD ($)	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Financial assets:
Cash and cash equivalents	$ 20,305,000	$ 17,340,000	$ 29,133,000	$ 30,077,000
Certificates of deposits with other banks	14,778,000	14,527,000
Securities available-for-sale	231,507,000	162,368,000
Mortgage servicing rights	182,000	190,000
Securities held-to-maturity	0	0
Financial liabilities:
FHLB and other borrowings	152,169,000	90,921,000
FHLB and other borrowings
Financial liabilities:
Derivative liability	0	0
Carrying Value
Financial assets:
Cash and cash equivalents	20,305,000	17,340,000
Certificates of deposits with other banks	14,778,000	14,527,000
Securities available-for-sale	231,507,000	162,368,000
Loans held for sale	66,794,000	90,174,000
Loans, net	1,096,063,000	1,043,764,000
Mortgage servicing rights	182,000	190,000
Accrued interest receivable	5,296,000	3,951,000
Financial liabilities:
Deposits	1,159,580,000	1,107,017,000
Repurchase agreements	22,403,000	25,160,000
Accrued interest payable	643,000	741,000
Subordinated debt	33,524,000	33,524,000
Carrying Value | Interest rate lock commitment
Financial assets:
Derivative asset	1,426,000	1,546,000
Carrying Value | Interest rate swap
Financial assets:
Derivative asset	268,000	250,000
Financial liabilities:
Derivative liability	268,000	250,000
Carrying Value | Interest rate cap
Financial assets:
Derivative asset	33,000	268,000
Carrying Value | FHLB and other borrowings
Financial liabilities:
FHLB and other borrowings	152,169,000	90,921,000
Carrying Value | Mortgage-backed security hedges
Financial liabilities:
Derivative liability	78,000
Estimated Fair Value
Financial assets:
Cash and cash equivalents	20,305,000	17,340,000
Certificates of deposits with other banks	14,695,000	14,985,000
Securities available-for-sale	231,507,000	162,368,000
Loans held for sale	66,794,000	90,174,000
Loans, net	1,093,824,000	1,035,437,000
Mortgage servicing rights	182,000	190,000
Accrued interest receivable	5,296,000	3,951,000
Financial liabilities:
Deposits	1,126,615,000	1,116,174,000
Repurchase agreements	22,403,000	25,160,000
Accrued interest payable	643,000	741,000
Subordinated debt	35,117,000	32,275,000
Estimated Fair Value | Quoted Prices in Active Markets for Identical Assets (Level I)
Financial assets:
Cash and cash equivalents	20,305,000	17,340,000
Securities available-for-sale	1,607,000	897,000
Estimated Fair Value | Significant Other Observable Inputs (Level II)
Financial assets:
Certificates of deposits with other banks	14,695,000	14,985,000
Securities available-for-sale	206,991,000	161,471,000
Loans held for sale	66,794,000	90,174,000
Accrued interest receivable	1,241,000	1,002,000
Financial liabilities:
Deposits	1,126,615,000	1,116,174,000
Repurchase agreements	22,403,000	25,160,000
Accrued interest payable	643,000	741,000
Subordinated debt	35,117,000	32,275,000
Estimated Fair Value | Significant Unobservable Inputs (Level III)
Financial assets:
Securities available-for-sale	22,909,000
Loans, net	1,093,824,000	1,035,437,000
Mortgage servicing rights	182,000	190,000
Accrued interest receivable	4,055,000	2,949,000
Estimated Fair Value | Interest rate lock commitment
Financial assets:
Derivative asset	1,426,000	1,546,000
Estimated Fair Value | Interest rate lock commitment | Significant Unobservable Inputs (Level III)
Financial assets:
Derivative asset	1,426,000	1,546,000
Estimated Fair Value | Interest rate swap
Financial assets:
Derivative asset	268,000	250,000
Financial liabilities:
Derivative liability	268,000	250,000
Estimated Fair Value | Interest rate swap | Significant Other Observable Inputs (Level II)
Financial assets:
Derivative asset	268,000	250,000
Financial liabilities:
Derivative liability	268,000	250,000
Estimated Fair Value | Interest rate cap
Financial assets:
Derivative asset	33,000	268,000
Estimated Fair Value | Interest rate cap | Significant Other Observable Inputs (Level II)
Financial assets:
Derivative asset	33,000	268,000
Estimated Fair Value | FHLB and other borrowings
Financial liabilities:
FHLB and other borrowings	152,190,000	90,919,000
Estimated Fair Value | FHLB and other borrowings | Significant Other Observable Inputs (Level II)
Financial liabilities:
FHLB and other borrowings	152,190,000	90,919,000
Estimated Fair Value | Mortgage-backed security hedges
Financial assets:
Derivative asset		372,000
Financial liabilities:
Derivative liability	78,000
Estimated Fair Value | Mortgage-backed security hedges | Significant Other Observable Inputs (Level II)
Financial assets:
Derivative asset		$ 372,000
Financial liabilities:
Derivative liability	$ 78,000

FAIR VALUE MEASUREMENTS - Asset

FAIR VALUE MEASUREMENTS - Assets and Liabilities Measured at Fair Value on Recurring Basis (Details) - USD ($) $ in Thousands	Dec. 31, 2017	Dec. 31, 2016
Fair value of assets and liabilities
Securities available-for-sale	$ 231,507	$ 162,368
U.S. Government Agency securities
Fair value of assets and liabilities
Securities available-for-sale	80,945	28,816
U.S. Sponsored Mortgage-backed securities
Fair value of assets and liabilities
Securities available-for-sale	58,154	54,732
Equity and other securities
Fair value of assets and liabilities
Securities available-for-sale	16,566	8,024
Recurring
Fair value of assets and liabilities
Loans held for sale	66,794	90,174
Recurring | Level II
Fair value of assets and liabilities
Loans held for sale	66,794	90,174
Recurring | Interest rate lock commitment
Fair value of assets and liabilities
Derivative asset	1,426	1,546
Recurring | Interest rate lock commitment | Level III
Fair value of assets and liabilities
Derivative asset	1,426	1,546
Recurring | Interest rate swap
Fair value of assets and liabilities
Derivative asset	268	250
Interest rate swap	268	250
Recurring | Interest rate swap | Level II
Fair value of assets and liabilities
Derivative asset	268	250
Interest rate swap	268	250
Recurring | Interest rate cap
Fair value of assets and liabilities
Derivative asset	33	268
Recurring | Interest rate cap | Level II
Fair value of assets and liabilities
Derivative asset	33	268
Recurring | Mortgage-backed security hedges
Fair value of assets and liabilities
Derivative asset		372
Interest rate swap	78
Recurring | Mortgage-backed security hedges | Level II
Fair value of assets and liabilities
Derivative asset		372
Interest rate swap	78
Recurring | U.S. Government Agency securities
Fair value of assets and liabilities
Securities available-for-sale	80,945	28,816
Recurring | U.S. Government Agency securities | Level II
Fair value of assets and liabilities
Securities available-for-sale	80,945	28,816
Recurring | U.S. Sponsored Mortgage-backed securities
Fair value of assets and liabilities
Securities available-for-sale	58,154	54,732
Recurring | U.S. Sponsored Mortgage-backed securities | Level II
Fair value of assets and liabilities
Securities available-for-sale	58,154	54,732
Recurring | Municipal securities
Fair value of assets and liabilities
Securities available-for-sale	75,842	70,796
Recurring | Municipal securities | Level II
Fair value of assets and liabilities
Securities available-for-sale	52,933	70,796
Recurring | Municipal securities | Level III
Fair value of assets and liabilities
Securities available-for-sale	22,909
Recurring | Equity and other securities
Fair value of assets and liabilities
Securities available-for-sale	16,566	8,024
Recurring | Equity and other securities | Level I
Fair value of assets and liabilities
Securities available-for-sale	1,607	897
Recurring | Equity and other securities | Level II
Fair value of assets and liabilities
Securities available-for-sale	$ 16,566	$ 8,024

FAIR VALUE MEASUREMENTS - Recur

FAIR VALUE MEASUREMENTS - Recurring Level III Assets (Details) - Level III - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Balance, beginning of period	$ 1,546	$ 1,537
Realized and unrealized gains included in earnings	(120)	9
Balance, end of period	$ 1,426	$ 1,546

FAIR VALUE MEASUREMENTS - As101

FAIR VALUE MEASUREMENTS - Assets Measured at Fair Value on Nonrecurring Basis (Details) - Non-recurring - USD ($) $ in Thousands	Dec. 31, 2017	Dec. 31, 2016
Impaired loans
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets, fair value	$ 14,368	$ 11,609
Impaired loans | Level III
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets, fair value	14,368	11,609
Other real estate owned
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets, fair value	1,346	414
Other real estate owned | Level III
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets, fair value	$ 1,346	$ 414

FAIR VALUE MEASUREMENTS - Quant

FAIR VALUE MEASUREMENTS - Quantitative Information About Level III Significant Unobservable Inputs (Details) - USD ($) $ in Thousands	Dec. 31, 2017	Dec. 31, 2016
Non-recurring | Impaired loans
Quantitative Information about Level III Fair Value Measurements
Fair value	$ 14,368	$ 11,609
Non-recurring | Impaired loans | Level III
Quantitative Information about Level III Fair Value Measurements
Fair value	$ 14,368	$ 11,609
Non-recurring | Impaired loans | Appraisal of collateral | Level III | Minimum
Unobservable Input
Appraisal adjustments	20.00%	20.00%
Liquidation expense	5.00%	5.00%
Non-recurring | Impaired loans | Appraisal of collateral | Level III | Maximum
Unobservable Input
Appraisal adjustments	62.00%	62.00%
Liquidation expense	10.00%	10.00%
Non-recurring | Other real estate owned
Quantitative Information about Level III Fair Value Measurements
Fair value	$ 1,346	$ 414
Non-recurring | Other real estate owned | Level III
Quantitative Information about Level III Fair Value Measurements
Fair value	$ 1,346	$ 414
Non-recurring | Other real estate owned | Appraisal of collateral | Level III | Minimum
Unobservable Input
Appraisal adjustments	20.00%	20.00%
Liquidation expense	5.00%	5.00%
Non-recurring | Other real estate owned | Appraisal of collateral | Level III | Maximum
Unobservable Input
Appraisal adjustments	30.00%	30.00%
Liquidation expense	10.00%	10.00%
Recurring | Interest rate lock commitment | Level III
Quantitative Information about Level III Fair Value Measurements
Fair value	$ 1,426	$ 1,546
Recurring | Interest rate lock commitment | Pricing model | Level III | Minimum
Unobservable Input
Pull through rates	73.00%	73.00%
Recurring | Interest rate lock commitment | Pricing model | Level III | Maximum
Unobservable Input
Pull through rates	85.00%	85.00%

COMPREHENSIVE INCOME - Reclassi

COMPREHENSIVE INCOME - Reclassifications (Details) - USD ($) $ in Thousands	3 Months Ended								12 Months Ended
	Dec. 31, 2017	Sep. 30, 2017	Jun. 30, 2017	Mar. 31, 2017	Dec. 31, 2016	Sep. 30, 2016	Jun. 30, 2016	Mar. 31, 2016	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Comprehensive Income
Gain on sale of securities									$ 731	$ 1,082	$ 130
Salaries and benefits									(44,108)	(45,225)	(36,073)
Income from continuing operations, before income taxes	$ 3,090	$ 3,510	$ 3,435	$ 2,295	$ 3,420	$ 3,441	$ 10,228	$ 2,612	12,330	13,355	9,489
Income tax expense									(4,755)	(4,378)	(2,886)
Net Income	$ 1,423	$ 2,318	$ 2,260	$ 1,574	$ 2,307	$ 2,310	$ 6,499	$ 1,796	7,575	12,912	6,816
Amount reclassified from AOCI
Comprehensive Income
Net Income									294	507	(76)
Available-for-sale securities | Amount reclassified from AOCI
Comprehensive Income
Gain on sale of securities									731	1,082	130
Income from continuing operations, before income taxes									731	1,082	130
Income tax expense									(292)	(433)	(52)
Net Income									439	649	78
Defined benefit pension plan items | Amount reclassified from AOCI
Comprehensive Income
Salaries and benefits									(241)	(236)	(257)
Income from continuing operations, before income taxes									(241)	(236)	(257)
Income tax expense									96	94	103
Net Income									$ (145)	$ (142)	$ (154)

COMPREHENSIVE INCOME - Componen

COMPREHENSIVE INCOME - Components of AOCI (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Accumulated Other Comprehensive Income (AOCI)
Beginning balance	$ 145,625	$ 114,712	$ 109,438
Other comprehensive loss before reclassification	1,583	(837)
Amounts reclassified from AOCI	(294)	(507)
Total other comprehensive income (loss)	1,289	(1,344)	(291)
Ending balance	150,192	145,625	114,712
Unrealized gains (losses) on available for-sale securities
Accumulated Other Comprehensive Income (AOCI)
Beginning balance	(1,598)	(363)
Other comprehensive loss before reclassification	2,032	(586)
Amounts reclassified from AOCI	(439)	(649)
Total other comprehensive income (loss)	1,593	(1,235)
Ending balance	(5)	(1,598)	(363)
Defined benefit pension plan items
Accumulated Other Comprehensive Income (AOCI)
Beginning balance	(2,679)	(2,570)
Other comprehensive loss before reclassification	(449)	(251)
Amounts reclassified from AOCI	145	142
Total other comprehensive income (loss)	(304)	(109)
Ending balance	(2,983)	(2,679)	(2,570)
AOCI attributable to parent
Accumulated Other Comprehensive Income (AOCI)
Beginning balance	(4,277)	(2,933)	(2,642)
Total other comprehensive income (loss)	1,289	(1,344)	(291)
Ending balance	$ (2,988)	$ (4,277)	$ (2,933)

CONDENSED FINANCIAL STATEMEN105

CONDENSED FINANCIAL STATEMENTS OF PARENT COMPANY - Balance Sheet (Details) - USD ($) $ in Thousands	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Assets
TOTAL ASSETS	$ 1,534,302	$ 1,418,804	$ 1,384,476
Liabilities and stockholders’ equity
Long-term debt	185,693
Total liabilities	1,384,110	1,273,179
Total stockholders’ equity	150,192	145,625	$ 114,712	$ 109,438
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY	1,534,302	1,418,804
Parent Company
Assets
Cash	3,904	7,699
Investment in subsidiaries	175,027	168,325
Other assets	5,743	4,316
TOTAL ASSETS	184,674	180,340
Liabilities and stockholders’ equity
Other liabilities	958	1,191
Long-term debt	33,524	33,524
Total liabilities	34,482	34,715
Total stockholders’ equity	150,192	145,625
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY	$ 184,674	$ 180,340

CONDENSED FINANCIAL STATEMEN106

CONDENSED FINANCIAL STATEMENTS OF PARENT COMPANY - Income Statement (Details) - USD ($) $ in Thousands	3 Months Ended								12 Months Ended
	Dec. 31, 2017	Sep. 30, 2017	Jun. 30, 2017	Mar. 31, 2017	Dec. 31, 2016	Sep. 30, 2016	Jun. 30, 2016	Mar. 31, 2016	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Condensed Statements of income
Expenses - operating									$ 84,974	$ 83,973	$ 69,566
Income tax expense - continuing operations									4,755	4,378	2,886
Income before income taxes and undistributed earnings - discontinued operations									0	6,346	353
Income tax - discontinued operations									0	2,411	140
Net Income from discontinued operations									0	3,935	213
Net Income	$ 1,423	$ 2,318	$ 2,260	$ 1,574	$ 2,307	$ 2,310	$ 6,499	$ 1,796	7,575	12,912	6,816
Preferred dividends									498	1,128	575
Net Income available to common shareholders									7,077	11,784	6,241
Parent Company
Condensed Statements of income
Income - dividends from bank subsidiary									13,724	9,241	7,744
Expenses - operating									11,974	11,307	8,988
Income (loss) before income taxes and undistributed earnings - continuing operations									1,750	(2,066)	(1,244)
Income tax expense - continuing operations									(2,147)	(2,072)	(1,597)
Income after tax from continuing operations									3,897	6	353
Income before income taxes and undistributed earnings - discontinued operations									0	6,926	0
Income tax - discontinued operations									0	2,629	0
Net Income from discontinued operations									0	4,297	0
Equity in undistributed income earnings of subsidiaries									3,678	8,609	6,463
Net Income									7,575	12,912	6,816
Preferred dividends									498	1,128	575
Net Income available to common shareholders									$ 7,077	$ 11,784	$ 6,241

CONDENSED FINANCIAL STATEMEN107

CONDENSED FINANCIAL STATEMENTS OF PARENT COMPANY - Cash Flow (Details) - USD ($) $ in Thousands	3 Months Ended								12 Months Ended
	Dec. 31, 2017	Sep. 30, 2017	Jun. 30, 2017	Mar. 31, 2017	Dec. 31, 2016	Sep. 30, 2016	Jun. 30, 2016	Mar. 31, 2016	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
OPERATING ACTIVITIES
Net Income	$ 1,423	$ 2,318	$ 2,260	$ 1,574	$ 2,307	$ 2,310	$ 6,499	$ 1,796	$ 7,575	$ 12,912	$ 6,816
Stock option expense									813	568	413
Net cash (used in) / provided by operating activities									33,121	25,264	(22,901)
INVESTING ACTIVITIES
Net cash (used in) investing activities									(136,100)	(55,983)	(173,444)
FINANCING ACTIVITIES
Proceeds of stock offering									4,931	20,519	0
Preferred stock redemption									(8,500)	0	0
Common stock options exercised									(10)	32	(448)
Cash dividends paid on common stock									(1,033)	(646)	(641)
Cash dividends paid on preferred stock									(498)	(1,128)	(575)
Net cash provided by financing activities									105,944	18,926	195,401
Increase (decrease) in cash and cash equivalents									2,965	(11,793)	(944)
Cash and cash equivalents at beginning of period				17,340				29,133	17,340	29,133	30,077
Cash and cash equivalents at end of period	20,305				17,340				20,305	17,340	29,133
Parent Company
OPERATING ACTIVITIES
Net Income									7,575	12,912	6,816
Equity in undistributed earnings of subsidiaries									(3,678)	(8,609)	(6,463)
(Decrease) in other assets									(2,214)	(612)	(529)
Decrease (increase) in other liabilities									(234)	920	(261)
Stock option expense									813	568	413
Net cash (used in) / provided by operating activities									2,262	5,179	(24)
INVESTING ACTIVITIES
Investment in subsidiary									(947)	(19,697)	(400)
Net cash (used in) investing activities									(947)	(19,697)	(400)
FINANCING ACTIVITIES
Proceeds of stock offering									4,931	20,519	0
Dividend reinvestment plan									0	0	0
Proceeds from subordinated debt									0	0	0
Preferred stock issuance									0	0	0
Preferred stock redemption									(8,500)	0	0
Common stock options exercised									(10)	32	(448)
Cash dividends paid on common stock									(1,033)	(646)	(641)
Cash dividends paid on preferred stock									(498)	(1,128)	(575)
Net cash provided by financing activities									(5,110)	18,777	(1,664)
Increase (decrease) in cash and cash equivalents									(3,795)	4,259	(2,088)
Cash and cash equivalents at beginning of period				$ 7,699				$ 3,440	7,699	3,440	5,528
Cash and cash equivalents at end of period	$ 3,904				$ 7,699				$ 3,904	$ 7,699	$ 3,440

SEGMENT REPORTING - Reportable

SEGMENT REPORTING - Reportable Segments and Reconciliation (Details) - USD ($) $ in Thousands	3 Months Ended								12 Months Ended
	Dec. 31, 2017	Sep. 30, 2017	Jun. 30, 2017	Mar. 31, 2017	Dec. 31, 2016	Sep. 30, 2016	Jun. 30, 2016	Mar. 31, 2016	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Revenues:
Interest income	$ 15,086	$ 14,630	$ 13,814	$ 13,068	$ 13,638	$ 13,523	$ 13,580	$ 13,382	$ 56,598	$ 54,123	$ 44,100
Mortgage fee income									37,149	35,673	29,472
Insurance and investment services income									563	420	338
Other income									2,994	7,112	5,145
Total operating income									97,304	97,328	79,055
Expenses:
Interest expense									12,301	11,132	9,225
Salary and employee benefits									44,108	45,225	36,073
Provision for loan losses									2,173	3,632	2,493
Other expense									26,392	23,984	21,775
Total operating expenses									84,974	83,973	69,566
Income from continuing operations, before income taxes	3,090	3,510	3,435	2,295	3,420	3,441	10,228	2,612	12,330	13,355	9,489
Income tax expense - continuing operations									4,755	4,378	2,886
Net Income from continuing operations									7,575	8,977	6,603
Income from discontinued operations, before income taxes									0	6,346	353
Income tax expense - discontinued operations									0	2,411	140
Net Income from discontinued operations									0	3,935	213
Net Income	1,423	$ 2,318	$ 2,260	$ 1,574	2,307	$ 2,310	$ 6,499	$ 1,796	7,575	12,912	6,816
Preferred dividends									498	1,128	575
Net Income available to common shareholders									7,077	11,784	6,241
Capital expenditures									4,496	1,668	2,153
Total assets	1,534,302				1,418,804				1,534,302	1,418,804	1,384,476
Goodwill	18,480				18,480				18,480	18,480	18,480	$ 17,779
Operating Segments | Commercial & Retail Banking
Revenues:
Interest income									52,423	50,413	40,524
Mortgage fee income									736	(252)	7
Insurance and investment services income									563	420	338
Other income									5,303	5,485	3,721
Total operating income									59,025	56,066	44,590
Expenses:
Interest expense									9,118	8,437	6,776
Salary and employee benefits									12,266	11,592	11,049
Provision for loan losses									1,967	3,632	2,493
Other expense									19,523	18,009	16,132
Total operating expenses									42,874	41,670	36,450
Income from continuing operations, before income taxes									16,151	14,396	8,140
Income tax expense - continuing operations									5,820	4,496	2,176
Net Income from continuing operations									10,331	9,900	5,964
Income from discontinued operations, before income taxes									0	0	0
Income tax expense - discontinued operations									0	0	0
Net Income from discontinued operations									0	0	0
Net Income									10,331	9,900	5,964
Preferred dividends									0	0	0
Net Income available to common shareholders									10,331	9,900	5,964
Capital expenditures									3,226	1,145	1,174
Total assets	1,533,497				1,415,735				1,533,497	1,415,735	1,378,988
Goodwill	1,598				1,598				1,598	1,598	1,598
Operating Segments | Mortgage Banking
Revenues:
Interest income									4,698	4,285	3,882
Mortgage fee income									37,262	36,960	30,560
Insurance and investment services income									0	0
Other income									(2,372)	1,674	1,673
Total operating income									39,588	42,919	36,115
Expenses:
Interest expense									2,317	2,082	1,647
Salary and employee benefits									26,196	27,696	20,774
Provision for loan losses									206	0	0
Other expense									8,188	8,125	7,471
Total operating expenses									36,907	37,903	29,892
Income from continuing operations, before income taxes									2,681	5,016	6,223
Income tax expense - continuing operations									1,082	1,954	2,394
Net Income from continuing operations									1,599	3,062	3,829
Income from discontinued operations, before income taxes									0	0	0
Income tax expense - discontinued operations									0	0	0
Net Income from discontinued operations									0	0	0
Net Income									1,599	3,062	3,829
Preferred dividends									0	0	0
Net Income available to common shareholders									1,599	3,062	3,829
Capital expenditures									1,187	220	354
Total assets	149,323				122,242				149,323	122,242	125,227
Goodwill	16,882				16,882				16,882	16,882	16,882
Operating Segments | Financial Holding Company
Revenues:
Interest income									4	3	2
Mortgage fee income									0	0	0
Insurance and investment services income									0	0	0
Other income									5,466	5,247	4,331
Total operating income									5,470	5,250	4,333
Expenses:
Interest expense									2,241	2,226	2,204
Salary and employee benefits									5,646	5,937	4,250
Provision for loan losses									0	0	0
Other expense									4,085	3,144	2,534
Total operating expenses									11,972	11,307	8,988
Income from continuing operations, before income taxes									(6,502)	(6,057)	(4,655)
Income tax expense - continuing operations									(2,147)	(2,072)	(1,597)
Net Income from continuing operations									(4,355)	(3,985)	(3,058)
Income from discontinued operations, before income taxes									0	6,926	0
Income tax expense - discontinued operations									0	2,629	0
Net Income from discontinued operations									0	4,297	0
Net Income									(4,355)	312	(3,058)
Preferred dividends									498	1,128	575
Net Income available to common shareholders									(4,853)	(816)	(3,633)
Capital expenditures									83	303	616
Total assets	184,600				180,340				184,600	180,340	148,509
Goodwill	0				0				0	0	0
Operating Segments | Insurance
Revenues:
Interest income										0	0
Mortgage fee income										0	0
Insurance and investment services income										0	0
Other income										0	0
Total operating income										0	0
Expenses:
Interest expense										0	0
Salary and employee benefits										0	0
Provision for loan losses										0	0
Other expense										0	0
Total operating expenses										0	0
Income from continuing operations, before income taxes										0	0
Income tax expense - continuing operations										0	0
Net Income from continuing operations										0	0
Income from discontinued operations, before income taxes										(580)	134
Income tax expense - discontinued operations										(218)	53
Net Income from discontinued operations										(362)	81
Net Income										(362)	81
Preferred dividends										0	0
Net Income available to common shareholders										(362)	81
Capital expenditures										0	9
Total assets					0					0	5,017
Goodwill					0					0	0
Intercompany Eliminations
Revenues:
Interest income									(527)	(578)	(308)
Mortgage fee income									(849)	(1,035)	(1,095)
Insurance and investment services income									0	0	0
Other income									(5,403)	(5,294)	(4,580)
Total operating income									(6,779)	(6,907)	(5,983)
Expenses:
Interest expense									(1,375)	(1,613)	(1,402)
Salary and employee benefits									0	0	0
Provision for loan losses									0	0	0
Other expense									(5,404)	(5,294)	(4,362)
Total operating expenses									(6,779)	(6,907)	(5,764)
Income from continuing operations, before income taxes									0	0	(219)
Income tax expense - continuing operations									0	0	(87)
Net Income from continuing operations									0	0	(132)
Income from discontinued operations, before income taxes									0	0	219
Income tax expense - discontinued operations									0	0	87
Net Income from discontinued operations									0	0	132
Net Income									0	0	0
Preferred dividends									0	0	0
Net Income available to common shareholders									0	0	0
Capital expenditures									0	0	0
Total assets	(333,118)				(299,513)				(333,118)	(299,513)	(273,265)
Goodwill	$ 0				$ 0				$ 0	$ 0	$ 0

SEGMENT REPORTING - Narrative (

SEGMENT REPORTING - Narrative (Details) $ in Thousands	Jun. 30, 2016USD ($)	Dec. 31, 2017USD ($)	Sep. 30, 2017USD ($)	Jun. 30, 2017USD ($)	Mar. 31, 2017USD ($)	Dec. 31, 2016USD ($)	Sep. 30, 2016USD ($)	Jun. 30, 2016USD ($)	Mar. 31, 2016USD ($)	Dec. 31, 2017USD ($)segment	Dec. 31, 2016USD ($)	Dec. 31, 2015USD ($)
Segment Reporting Information [Line Items]
Number of reportable segments | segment										3
Net Income		$ 1,423	$ 2,318	$ 2,260	$ 1,574	$ 2,307	$ 2,310	$ 6,499	$ 1,796	$ 7,575	$ 12,912	$ 6,816
Net Income from discontinued operations										0	3,935	213
Net Income from continuing operations										7,575	8,977	6,603
Commercial & Retail Banking
Segment Reporting Information [Line Items]
Increase (decrease) in interest income, taxable investment securities										1,300
Increase (decrease) in interest and fee income, loans										734
Increase (decrease) in deposit interest										546
Increase (decrease) in interest income, FHLB and other borrowings										132
Increase (decrease) in mortgage fee income										988
Increase (decrease) on commercial swap fee income										419
Increase (decrease) in other operating income										447
Increase (decrease) in gain on sale of securities										557
Increase (decrease) in gain on sale of portfolio loans										(504)
Increase (decrease) in salaries expense										674
Increase (decrease) in occupancy and equipment expense										599
Increase (decrease) in data processing expense										227
Increase (decrease) in professional fees										(209)
Mortgage Banking
Segment Reporting Information [Line Items]
Increase (decrease) in noninterest income										(3,700)
Increase (decrease) in noninterest expense										(1,400)
Increase (decrease) in salaries expense										(1,500)
Increase (decrease) in occupancy and equipment expense										242
Increase (decrease) in earn out payments										(1,200)
Increase (decrease) in travel, entertainment, dues, and subscriptions expense										146
Increase (decrease) in marketing expense										(159)
Increase (decrease) in mortgage processing expense										(148)
Financial Holding Company
Segment Reporting Information [Line Items]
Increase (decrease) in net interest income										15
Increase (decrease) in noninterest income										219
Increase (decrease) in noninterest expense										650
Increase (decrease) in occupancy and equipment expense										125
Increase (decrease) in professional fees										604
Increase (decrease) in income tax expense										75
Increase (decrease) in other operating expense										100
Operating Segments | Commercial & Retail Banking
Segment Reporting Information [Line Items]
Net Income										10,331	9,900	5,964
Increase (decrease) in net interest income										1,300
Increase (decrease) in noninterest income										949
Increase (decrease) in noninterest expense										2,200
Increase (decrease) in provision expense										(1,700)
Increase (decrease) in income tax expense										1,300
Increase (decrease) in income taxes payable										646
Net Income from discontinued operations										0	0	0
Net Income from continuing operations										10,331	9,900	5,964
Operating Segments | Mortgage Banking
Segment Reporting Information [Line Items]
Net Income										1,599	$ 3,062	3,829
Increase (decrease) in net interest income										178
Increase (decrease) in performance of interest rate cap										$ (4,100)
Increase (decrease) locked mortgage pipeline										(39.00%)	31.60%
Increase (decrease) in origination volume										(15.60%)
Net Income from discontinued operations										$ 0	$ 0	0
Net Income from continuing operations										1,599	3,062	3,829
Operating Segments | Financial Holding Company
Segment Reporting Information [Line Items]
Net Income										(4,355)	312	(3,058)
Increase (decrease) in travel, entertainment, dues, and subscriptions expense										169
Net Income from discontinued operations										0	4,297	0
Net Income from continuing operations										(4,355)	(3,985)	(3,058)
Operating Segments | Insurance
Segment Reporting Information [Line Items]
Net Income											(362)	81
Net Income from discontinued operations											(362)	81
Net Income from continuing operations											0	0
USI Insurance Services | Discontinued operations disposed of by sale
Segment Reporting Information [Line Items]
Gain on sale of subsidiary	$ 6,900									0	6,926	0
Net Income from discontinued operations										$ 0	$ 3,935	$ 213

MERGERS AND ACQUISITIONS - Narr

MERGERS AND ACQUISITIONS - Narrative (Details) $ / shares in Units, $ in Thousands	Aug. 28, 2015USD ($)bank	Dec. 31, 2017USD ($)	Sep. 30, 2017USD ($)	Jun. 30, 2017USD ($)	Mar. 31, 2017USD ($)	Dec. 31, 2016USD ($)	Sep. 30, 2016USD ($)	Jun. 30, 2016USD ($)	Mar. 31, 2016USD ($)	Dec. 31, 2017USD ($)	Dec. 31, 2016USD ($)	Dec. 31, 2015USD ($)$ / shares	Dec. 31, 2014USD ($)$ / shares
Mergers and acquisitions
Acquisition related costs										$ 0	$ 0	$ 722
Goodwill acquired		$ 18,480				$ 18,480				18,480	18,480	18,480	$ 17,779
Net Income		$ 1,423	$ 2,318	$ 2,260	$ 1,574	$ 2,307	$ 2,310	$ 6,499	$ 1,796	$ 7,575	12,912	6,816
Two Susquehanna Bank Branches
Mergers and acquisitions
Number of branch locations acquired | bank	2
Deposits assumed	$ 68,697
Loans assumed	17,000
Loans acquired, unpaid principal balance	18,700
Loans acquired, fair value	18,200
Loan discount accreted through interest income	$ 458
Useful life of core intangible asset	10 years
Acquisition related costs											$ 722	722
Goodwill acquired	$ 701
Business acquisition, pro forma revenue												76,000	55,100
Business acquisition, pro forma net income (loss)												$ 6,400	$ 1,700
Basic earnings per share, pro forma (in dollars per share) | $ / shares												$ 0.73	$ 0.17
Diluted earnings per share pro forma (in dollars per share) | $ / shares												$ 0.72	$ 0.17

MERGERS AND ACQUISITIONS - Net

MERGERS AND ACQUISITIONS - Net Liabilities Assumed (Details) - USD ($) $ in Thousands	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015	Aug. 28, 2015	Dec. 31, 2014
Liabilities assumed:
Goodwill	$ 18,480	$ 18,480	$ 18,480		$ 17,779
Two Susquehanna Bank Branches
Net assets acquired:
Cash received in transaction				$ 47,962
Cash on hand				330
Loans				18,200
Bank premises, furniture and equipment				609
Accrued interest receivable and other assets				62
Core deposit intangible				878
Net assets assumed				68,041
Liabilities assumed:
Deposits				68,697
Accrued interest payable and other liabilities				45
Liabilities assumed				68,742
Net liabilities assumed				(701)
Goodwill				701
Assets acquired, goodwill, and liabilities assumed, net				$ 0

MERGERS AND ACQUISITIONS - Acqu

MERGERS AND ACQUISITIONS - Acquisition Related Costs (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Business Acquisition [Line Items]
Acquisition related costs	$ 0	$ 0	$ 722
Professional fees
Business Acquisition [Line Items]
Acquisition related costs	0	0	471
Marketing
Business Acquisition [Line Items]
Acquisition related costs	0	0	29
Printing, postage and supplies
Business Acquisition [Line Items]
Acquisition related costs	0	0	71
Equipment depreciation and maintenance
Business Acquisition [Line Items]
Acquisition related costs	0	0	0
Travel and entertainment
Business Acquisition [Line Items]
Acquisition related costs	0	0	50
Data processing and communications
Business Acquisition [Line Items]
Acquisition related costs	0	0	76
Other operating expense
Business Acquisition [Line Items]
Acquisition related costs	$ 0	$ 0	$ 25

DISCONTINUED OPERATIONS - Net I

DISCONTINUED OPERATIONS - Net Income (Losses) (Details) - USD ($) $ in Thousands	Jun. 30, 2016	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
NONINTEREST EXPENSES
Income from discontinued operations, before income taxes		$ 0	$ 6,346	$ 353
Income tax expense - discontinued operations		0	2,411	140
Net Income from discontinued operations		0	3,935	213
USI Insurance Services | Discontinued operations disposed of by sale
NONINTEREST INCOME
Insurance and investment services income		0	1,887	4,733
Gain on sale of subsidiary	$ 6,900	0	6,926	0
Other operating income		0	2	6
Total noninterest income		0	8,815	4,739
NONINTEREST EXPENSES
Salary and employee benefits		0	1,937	3,603
Occupancy expense		0	124	281
Equipment depreciation and maintenance		0	29	57
Data processing and communications		0	79	105
Marketing, contributions and sponsorships		0	7	25
Professional fees		0	2	23
Printing, postage and supplies		0	12	19
Insurance, tax and assessment expense		0	58	136
Travel, entertainment, dues and subscriptions		0	67	119
Other operating expenses		0	154	18
Total noninterest expense		0	2,469	4,386
Income from discontinued operations, before income taxes		0	6,346	353
Income tax expense - discontinued operations		0	2,411	140
Net Income from discontinued operations		$ 0	$ 3,935	$ 213

DISCONTINUED OPERATIONS - Narra

DISCONTINUED OPERATIONS - Narrative (Details) - USD ($) $ in Thousands	Jun. 30, 2016	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Proceeds from sale		$ 0	$ 0	$ 48,292
USI Insurance Services | Discontinued operations disposed of by sale
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Gain on sale of subsidiary	$ 6,900	$ 0	$ 6,926	$ 0
Liabilities retained after sale	424
Proceeds from sale	$ 7,000

QUARTERLY FINANCIAL DATA (UN115

QUARTERLY FINANCIAL DATA (UNAUDITED) (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended								12 Months Ended
	Dec. 31, 2017	Sep. 30, 2017	Jun. 30, 2017	Mar. 31, 2017	Dec. 31, 2016	Sep. 30, 2016	Jun. 30, 2016	Mar. 31, 2016	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Quarterly Financial Information Disclosure [Abstract]
Interest income	$ 15,086	$ 14,630	$ 13,814	$ 13,068	$ 13,638	$ 13,523	$ 13,580	$ 13,382	$ 56,598	$ 54,123	$ 44,100
Net Interest Income	11,683	11,414	10,894	10,306	10,825	10,729	10,742	10,695	44,297	42,991	34,875
Income Before Taxes	3,090	3,510	3,435	2,295	3,420	3,441	10,228	2,612	12,330	13,355	9,489
Net Income	$ 1,423	$ 2,318	$ 2,260	$ 1,574	$ 2,307	$ 2,310	$ 6,499	$ 1,796	$ 7,575	$ 12,912	$ 6,816
Earnings per share - basic (in dollars per share)	$ 0.12	$ 0.21	$ 0.21	$ 0.14	$ 0.23	$ 0.25	$ 0.77	$ 0.20	$ 0.69	$ 1.44	$ 0.78
Earnings per share - diluted (in dollars per share)	$ 0.12	$ 0.21	$ 0.20	$ 0.14	$ 0.22	$ 0.24	$ 0.63	$ 0.20	$ 0.68	$ 1.31	$ 0.77