MVB Financial (MVBF) 10-K 13 Mar 20 2019 FY Annual report Financial data

Cover

Cover - USD ($)	12 Months Ended
	Dec. 31, 2019	Mar. 12, 2020	Jun. 30, 2019
Cover page.
Document Type	10-K
Document Annual Report	true
Document Period End Date	Dec. 31, 2019
Document Transition Report	false
Entity File Number	000-50567
Entity Registrant Name	MVB Financial Corp.
Entity Incorporation, State or Country Code	WV
Entity Tax Identification Number	20-0034461
Entity Address, Address Line One	301 Virginia Avenue
Entity Address, City or Town	Fairmont
Entity Address, State or Province	WV
Entity Address, Postal Zip Code	26554
City Area Code	304
Local Phone Number	363-4800
Title of 12(b) Security	Common Stock, $1.00 Par Value Per Share
Trading Symbol	MVBF
Security Exchange Name	NASDAQ
Entity Well-known Seasoned Issuer	No
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Accelerated Filer
Entity Small Business	true
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Public Float			$ 175,928,132
Entity Common Stock, Shares Outstanding		11,946,789
Entity Central Index Key	0001277902
Current Fiscal Year End Date	--12-31
Document Fiscal Year Focus	2019
Document Fiscal Period Focus	FY
Amendment Flag	false

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($) $ in Thousands	Dec. 31, 2019	Dec. 31, 2018
Cash and cash equivalents:
Cash and due from banks	$ 18,430	$ 14,747
Interest bearing balances with banks	9,572	7,474
Total cash and cash equivalents	28,002	22,221
Certificates of deposit with other banks	12,549	14,778
Investment Securities:
Securities available-for-sale, at fair value	235,821	221,614
Equity securities	18,514	9,599
Loans held for sale	109,788	75,807
Loans receivable	1,374,541	1,304,366
Less: Allowance for loan losses	(11,775)	(10,939)
Net Loans	1,362,766	1,293,427
Premises and equipment, net	21,974	26,545
Bank owned life insurance	35,374	34,291
Accrued interest receivable and other assets	53,142	34,207
Assets of branches held for sale	46,554	0
Goodwill	19,630	18,480
TOTAL ASSETS	1,944,114	1,750,969
Deposits:
Noninterest bearing	278,547	213,597
Interest bearing	986,495	1,095,557
Total deposits	1,265,042	1,309,154
Deposits of branches held for sale	188,270	0
Accrued interest payable and other liabilities	41,685	17,706
Repurchase agreements	10,172	14,925
FHLB and other borrowings	222,885	214,887
Subordinated debt	4,124	17,524
Total liabilities	1,732,178	1,574,196
STOCKHOLDERS’ EQUITY
Preferred stock, par value $1,000; 20,000 authorized; 733 issued in 2019 and 783 issued in 2018 (See Footnote 12)	7,334	7,834
Common stock, par value $1; 20,000,000 shares authorized; 11,995,366 shares issued and 11,944,289 shares outstanding in 2019 and 11,658,370 shares issued and 11,607,293 shares outstanding in 2018	11,995	11,658
Additional paid-in capital	122,516	116,897
Retained earnings	72,496	48,274
Accumulated other comprehensive loss	(1,321)	(6,806)
Treasury Stock, 51,077 shares, at cost	(1,084)	(1,084)
Total stockholders’ equity	211,936	176,773
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY	$ 1,944,114	$ 1,750,969

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - $ / shares	Dec. 31, 2019	Dec. 31, 2018
Statement of Financial Position [Abstract]
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)	733	783
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)	11,995,366	11,658,370
Common stock, shares outstanding (in shares)	11,944,289	11,607,293
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, 2019	Dec. 31, 2018	Dec. 31, 2017
INTEREST INCOME
Interest and fees on loans	$ 74,854	$ 62,468	$ 51,217
Interest on deposits with other banks	489	403	340
Interest on investment securities - taxable	3,055	3,580	2,658
Interest on tax exempt loans and securities	3,963	3,309	2,383
Total interest income	82,361	69,760	56,598
INTEREST EXPENSE
Interest on deposits	17,439	11,635	8,294
Interest on repurchase agreements	48	56	75
Interest on FHLB and other borrowings	4,704	4,259	1,690
Interest on subordinated debt	770	1,756	2,242
Total interest expense	22,961	17,706	12,301
NET INTEREST INCOME	59,400	52,054	44,297
Provision for loan losses	1,789	2,440	2,173
Net interest income after provision for loan losses	57,611	49,614	42,124
NONINTEREST INCOME
Service charges on deposit accounts	1,409	1,033	765
Income on bank owned life insurance	1,197	1,182	646
Visa debit card and interchange income	571	647	1,258
Mortgage fee income	41,045	32,337	37,149
Gain on sale of portfolio loans	520	198	538
Insurance and investment services income	727	716	563
(Loss) gain on sale of available-for-sale securities, net	(166)	327	731
(Loss) on sale of equity securities, net	(7)	0	0
Gain (loss) on derivatives	1,253	(278)	(2,722)
Commercial swap fee income	1,717	552	503
Holding gain on equity securities	13,767	590	0
Compliance consulting income	921	0	0
Other operating income	1,650	1,336	1,275
Total noninterest income	64,604	38,640	40,706
NONINTEREST EXPENSES
Salary and employee benefits	56,175	46,224	44,108
Occupancy expense	4,816	4,234	4,084
Equipment depreciation and maintenance	3,640	3,239	3,005
Data processing and communications	4,025	3,741	5,116
Mortgage processing	3,041	3,551	3,207
Marketing, contributions and sponsorships	1,290	1,141	1,179
Professional fees	4,999	3,559	3,143
Printing, postage and supplies	674	762	988
Insurance, tax and assessment expense	1,663	1,846	1,797
Travel, entertainment, dues and subscriptions	4,151	2,808	2,221
Other operating expenses	2,727	1,773	1,652
Total noninterest expense	87,201	72,878	70,500
Income from continuing operations, before income taxes	35,014	15,376	12,330
Income tax expense - continuing operations	8,450	3,373	4,755
Net Income from continuing operations	26,564	12,003	7,575
Income from discontinued operations, before income taxes	575	0	0
Income tax expense - discontinued operations	148	0	0
Net Income from discontinued operations	427	0	0
Net Income	26,991	12,003	7,575
Preferred dividends	479	489	498
Net Income available to common shareholders	$ 26,512	$ 11,514	$ 7,077
Earnings per share from continuing operations - basic (in dollars per share)	$ 2.22	$ 1.04	$ 0.69
Earnings per share from discontinued operations - basic (in dollars per share)	0.04	0	0
Earnings per common shareholder - basic (in dollars per share)	2.26	1.04	0.69
Earnings per share from continuing operations - diluted (in dollars per share)	2.16	1	0.68
Earnings per share from discontinued operations - diluted (in dollars per share)	0.04	0	0
Earnings per common shareholder - diluted (in dollars per share)	$ 2.20	$ 1	$ 0.68
Weighted average shares outstanding - basic (in shares)	11,713,885	11,030,984	10,308,738
Weighted average shares outstanding - diluted (in shares)	12,044,667	12,722,003	10,440,228

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Income - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Statement of Comprehensive Income [Abstract]
Net Income	$ 26,991	$ 12,003	$ 7,575
Other comprehensive income (loss):
Unrealized holding gains (losses) on securities available-for-sale	8,498	(4,167)	3,387
Income tax effect	(2,294)	1,125	(1,355)
Reclassification adjustment for (gain) loss recognized in income	166	(327)	(731)
Income tax effect	(44)	88	292
Change in defined benefit pension plan	(1,196)	284	(507)
Income tax effect	323	(77)	203
Carrying value adjustment - investment hedge	44	0	0
Income tax effect	(12)	0	0
Total other comprehensive income (loss)	5,485	(3,074)	1,289
Comprehensive income	$ 32,476	$ 8,929	$ 8,864

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, 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 income (loss)	1,289					1,289
Cash dividends paid	(1,033)				(1,033)
Dividends on preferred stock	(498)				(498)
Redemption of preferred stock	(8,500)	(8,500)
Common stock issuance, net of issuance costs	4,931		444	4,487
Stock based compensation	813			813
Common stock options exercised	(10)		4	(14)
Ending balance at Dec. 31, 2017	150,192	7,834	10,496	98,698	37,236	(2,988)	(1,084)
Increase (Decrease) in Stockholders' Equity
Mark to Market on equity positions held at December 31, 2017	0				98	(98)
Net Income	12,003				12,003
Other comprehensive income (loss)	(3,074)					(3,074)
Cash dividends paid	(1,220)				(1,220)
Dividends on preferred stock	(489)				(489)
Stock based compensation	1,267			1,267
Common stock options exercised	2,129		161	1,968
Restricted stock units vested	0		1	(1)
Stranded AOCI	0				646	(646)
Common stock issued from subordinated debt conversion, net of costs	15,965		1,000	14,965
Ending balance at Dec. 31, 2018	176,773	7,834	11,658	116,897	48,274	(6,806)	(1,084)
Increase (Decrease) in Stockholders' Equity
Net Income	26,991				26,991
Other comprehensive income (loss)	5,485					5,485
Cash dividends paid	(2,290)				(2,290)
Dividends on preferred stock	(479)				(479)
Redemption of preferred stock	(500)	(500)
Stock based compensation	1,759			1,759
Common stock options exercised	2,164		210	1,954
Restricted stock units vested	0		10	(10)
Common stock issued from subordinated debt conversion, net of costs	1,000		62	938
Common stock issued related to Chartwell acquisition	1,033		55	978
Ending balance at Dec. 31, 2019	$ 211,936	$ 7,334	$ 11,995	$ 122,516	$ 72,496	$ (1,321)	$ (1,084)

Consolidated Statements of Ch_2

Consolidated Statements of Changes in Stockholders' Equity (Parenthetical) - $ / shares	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Statement of Stockholders' Equity [Abstract]
Cash dividends paid (in dollars per share)	$ 0.195	$ 0.110	$ 0.100

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
OPERATING ACTIVITIES
Net Income	$ 26,991	$ 12,003	$ 7,575
Adjustments to reconcile net income to net cash (used in) provided by operating activities:
Net amortization and accretion of investments	1,258	1,293	1,166
Net amortization of deferred loan (fees) costs	(448)	(324)	26
Provision for loan losses	1,789	2,440	2,173
Depreciation and amortization	3,260	2,938	2,691
Stock based compensation	1,759	1,267	813
Loans originated for sale	(1,604,825)	(1,214,078)	(1,367,531)
Proceeds of loans sold	1,611,889	1,237,402	1,428,060
Mortgage fee income	(41,045)	(32,337)	(37,149)
Gain on sale of available-for-sale securities	(105)	(352)	(1,103)
Loss on sale of available-for-sale securities	271	25	372
Loss on sale of equity securities	7	0	0
Holding gain on equity securities	(13,767)	(590)	0
Gain on sale of portfolio loans	(520)	(198)	(538)
Income on bank owned life insurance, including death benefit proceeds in excess of cash surrender value	(1,197)	(1,182)	(646)
Deferred taxes	(3,953)	139	1,349
Amortization of operating lease right-of-use asset	10
Other, net	10,564	(1,752)	(4,137)
Net cash (used in) provided by operating activities	(8,062)	6,694	33,121
INVESTING ACTIVITIES
Purchases of investment securities available-for-sale	(70,984)	(31,068)	(139,127)
Maturities/paydowns of investment securities available-for-sale	33,583	25,748	19,011
Sales of investment securities available-for-sale	31,220	2,743	53,198
Purchases of premises and equipment, including premises and equipment included in assets of branches held for sale	(2,042)	(2,693)	(4,496)
Disposals of premises and equipment	0	0	307
Net increase in loans and loans included in assets of branches held for sale	(113,076)	(199,282)	(53,960)
Purchases of restricted bank stock	(49,600)	(29,370)	(20,712)
Redemptions of restricted bank stock	45,853	25,681	18,980
Proceeds from sale of certificates of deposit with banks	2,229	0	1,978
Purchases of certificates of deposit with banks	0	0	(2,229)
Proceeds from sale of other real estate owned	731	707	0
Purchase of bank owned life insurance	(574)	(1,149)	(9,050)
Proceeds from death benefit of bank owned life insurance policies	688	706	0
Purchase of equity securities	(1,400)	(2,000)	0
Sales of equity securities	5,968	0	0
Net cash used in business combination	(2,651)	0	0
Net cash used in investing activities	(120,055)	(209,977)	(136,100)
FINANCING ACTIVITIES
Net increase in deposits and deposits in branches held for sale	144,158	149,574	52,563
Net decrease in repurchase agreements	(4,753)	(7,478)	(2,757)
Net change in short-term FHLB borrowings	(63,532)	74,999	49,663
Principal payments on FHLB borrowings	(1,670)	(62,281)	(15,097)
Proceeds from new FHLB borrowings	73,200	50,000	26,682
Subordinated debt redemption	(12,400)	0	0
Subordinated debt conversion costs	0	(35)	0
Proceeds from stock offering, net of issuance costs	0	0	4,931
Preferred stock redemption	(500)	0	(8,500)
Common stock options exercised	2,164	2,129	(10)
Cash dividends paid on common stock	(2,290)	(1,220)	(1,033)
Cash dividends paid on preferred stock	(479)	(489)	(498)
Net cash provided by financing activities	133,898	205,199	105,944
Increase (decrease) in cash and cash equivalents	5,781	1,916	2,965
Cash and cash equivalents at beginning of period	22,221	20,305	17,340
Cash and cash equivalents at end of period	28,002	22,221	20,305
Business combination non-cash disclosures:
Assets acquired in business combinations (net of cash received)	3,389	0	0
Liabilities assumed in business combination	855	0	0
Supplemental disclosure of cash flow information:
Loans transferred to other real estate owned	115	1,369	1,164
Cashless stock options exercised	57	161	4
Restricted stock units vested	10	1	0
Common stock converted from subordinated debt	1,000	15,965	0
Initial recognition of operating lease right-of-use assets	12,935
Initial recognition of operating lease liabilities	15,659
Cash payments for:
Interest on deposits, repurchase agreements and borrowings	22,970	17,277	12,399
Income taxes	$ 3,962	$ 191	$ 6,026

SUMMARY OF SIGNIFICANT ACCOUNTI

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	12 Months Ended
	Dec. 31, 2019
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 its wholly-owned subsidiary, MVB Bank, Inc. (“MVB Bank” or the “Bank”). MVB Bank’s operating subsidiaries include Potomac Mortgage Group (“PMG” which began doing business under the registered trade name “MVB Mortgage”), MVB Insurance, LLC (“MVB Insurance”), MVB Community Development Corporation (“MVB CDC”), and ProCo Global, Inc. (“ProCo” which began doing business under the registered trade name Chartwell Compliance “Chartwell”). 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. MVB Insurance 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 CDC was formed in 2017 and was created as a means to provide opportunities for loans and investments that help to increase access to equity capital in under-served urban and rural areas of West Virginia and our market areas in Virginia. MVB CDC promotes specific bank-driven economic development strategies, provides for effective support for its CRA compliance strategy, and helps to support positive local reputation of the Bank through marketing and visible activities in the communities where we live and work. Chartwell Compliance, based from Bethesda, Maryland, was acquired by MVB on September 13, 2019. Chartwell Compliance provides integrated regulatory compliance, state licensing, financial crimes prevention and enterprise risk management services that include consulting, outsourcing, testing and training solutions. Chartwell has expanded its services to both Fintech clients and banks, in coordination with MVB Bank’s current compliance officers, to help create and implement strategy and provide expert compliance resources to aid MVB in carrying out stringent and faster new client due diligence. 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, MVB Insurance, MVB CDC, and Chartwell. These statements have been prepared in accordance with U.S. generally accepted accounting principles (“GAAP”). 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 21, “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 GAAP 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: Available-for-Sale Securities - Includes debt 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. Equity Securities - Includes equity securities that are adjusted to fair value on a monthly basis, with the change in value recorded directly on the income statement. The Company has chosen to measure the equity securities without readily determinable fair values at cost minus impairment, if any, plus or minus changes resulting from observable price changes for underlying transactions for identical or similar investments of new issues. 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. If 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. 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 (“FHLB”) represents ownership in an institution which is wholly owned by other financial institutions. These equity securities are accounted for at cost, less impairment 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, 2019 and 2018. 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 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. Assets and Liabilities of Branches Held for Sale On November 21, 2019, the Company entered into a Purchase and Assumption Agreement with Summit Community Bank, Inc., a subsidiary of Summit Financial Group, Inc. pursuant to which Summit will purchase certain assets and assume certain liabilities of three branch locations in Berkeley County, WV and one branch location in Jefferson County, WV. Pursuant to the terms of the Purchase Agreement, Summit has agreed to assume certain deposit liabilities and to acquire certain loans, as well as cash, real property, personal property, and other fixed assets associated with the branch locations. Assets to be acquired and liabilities to be assumed are summarized as follows: (Dollars in thousands) As of December 31, 2019 Loans $ 42,916 Premises and equipment, net 3,638 Assets of branches held for sale $ 46,554 Noninterest-bearing deposits $ 19,251 Interest-bearing deposits 169,019 Deposits of branches held for sale $ 188,270 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 into 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, 2019 and 2018, the balance of interest rate lock commitments was $1.7 million and $1.8 million, respectively. There were no forward sales commitments as of December 31, 2019 and 2018. Interest Rate Cap The Company 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, 2019 and 2018, the fair value of the interest rate cap was $0 and $8 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, 2019 and 2018, the fair value of interest rate swap agreements was $5.7 million and $1.4 million, respectively. Fair Value Hedge The Company entered into an interest rate swap designated as a fair value hedge to mitigate the effect of changing interest rates on the fair values of certain designated fixed-rate loans and available for sale securities. This involves the receipt of variable amounts from a counterparty in exchange for the Company making fixed payments over the life of the agreements without the exchange of the underlying notional amount. The gain or loss on the derivative as well as the offsetting gain or loss on the hedged item attributable to the hedged risk are recognized in earnings. The Company entered into a pay-fixed/receive-variable interest rate swap in January 2019 with a notional amount of $30.0 million and $45.0 million at December 31, 2019 and 2018, respectively, which was designated as a fair value hedge associated with the Company’s fixed-rate loan program and certain available for sale securities. At December 31, 2019 and 2018, the fair value of interest rate swap hedge was $352 thousand and $343 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, 2019 or 2018. 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, 2019 and 2018, the MSR’s value was $348 thousand and $173 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 charge. 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, 2019. 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, 2019 and 2018. As of December 31, 2019 and 2018, the Company had goodwill of $19.6 million and $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 and have been reviewed for impairment. Net core deposit intangibles are included in accrued interest receivable and other assets on the consolidated balance sheet and totaled $457 thousand and $550 thousand as of December 31, 2019 and 2018, respectively. Intangibles also include the intangibles resulting from the Chartwell acquisition and are related to their customer relationships, backlog, a trademark, and a non-competition agreement. These items are amortized over 5 years, 5.3 years, 15 years, and 4 years, respectively. Intangibles resulting from the Chartwell acquisition are included in accrued interest receivable and other assets on the consolidated balance sheet and totaled $3.0 million and $0 as of December 31, 2019 and 2018, 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, 2019 and 2018, the Bank holds $15.0 million and $11.3 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 2019 and 2018. 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. Subsequent declines in fair value and gains or losses on sale are recorded in other noninterest expense. At December 31, 2019 and 2018, the Company held other real estate of $1.4 million and $2.1 million. 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 bases 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 and restricted stock units (“RSU’s”) 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. For the years ended December 31, (Dollars in thousands except shares and per share data) 2019 2018 2017 Numerator for basic earnings per share: Net Income from continuing operations $ 26,564 $ 12,003 $ 7,575 Less: Dividends on preferred stock 479 489 498 Net Income from continuing operations available to common shareholders - basic 26,085 11,514 7,077 Net Income from discontinued operations available to common shareholders - basic and diluted 427 — — Net Income available to common shareholders $ 26,512 $ 11,514 $ 7,077 Numerator for diluted earnings per share: Net Income from continuing operations available to common shareholders - basic $ 26,085 $ 11,514 $ 7,077 Add: Dividends on preferred stock — 489 — Add: Interest on subordinated debt (tax effected) — 753 — Net Income available to common shareholders from continuing operations - diluted $ 26,085 $ 12,756 $ 7,077 Denominator: Total average shares outstanding 11,713,885 11,030,984 10,308,738 Effect of dilutive convertible preferred stock — 489,625 — Effect of dilutive convertible subordinated debt — 837,500 — Effect of dilutive stock options and restricted stock units 330,782 363,894 131,490 Total diluted average shares outstanding 12,044,667 12,722,003 10,440,228 Earnings per share from continuing operations - basic $ 2.22 $ 1.04 $ 0.69 Earnings per share from discontinued operations - basic $ 0.04 $ — $ — Earnings per common shareholder - basic $ 2.26 $ 1.04 $ 0.69 Earnings per share from continuing operations - diluted $ 2.16 $ 1.00 $ 0.68 Earnings per share from discontinued operations - diluted $ 0.04 $ — $ — Earnings per common shareholder - diluted $ 2.20 $ 1.00 $ 0.68 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 was required to perform a reclassification from AOCI to retained earnings for stranded tax effects resulting from the newly enacted federal corporate income tax rate

INVESTMENT SECURITIES

INVESTMENT SECURITIES	12 Months Ended
	Dec. 31, 2019
Investments, Debt and Equity Securities [Abstract]
INVESTMENT SECURITIES	INVESTMENT SECURITIES There were no held-to-maturity securities at December 31, 2019 or December 31, 2018. Amortized cost and fair values of investment securities available-for-sale at December 31, 2019 are summarized as follows: (Dollars in thousands) Amortized Cost Unrealized Gain Unrealized Loss Fair Value U. S. Agency securities $ 52,046 $ 199 $ (249) $ 51,996 U.S. Sponsored Mortgage-backed securities 58,748 188 (624) 58,312 Municipal securities 108,750 4,399 (57) 113,092 Total debt securities 219,544 4,786 (930) 223,400 Other securities 12,247 181 (7) 12,421 Total investment securities available-for-sale $ 231,791 $ 4,967 $ (937) $ 235,821 Amortized cost and fair values of investment securities available-for-sale at December 31, 2018 are summarized as follows: (Dollars in thousands) Amortized Cost Unrealized Gain Unrealized Loss Fair Value U. S. Agency securities $ 79,041 $ 14 $ (1,625) $ 77,430 U.S. Sponsored Mortgage-backed securities 52,154 — (2,039) 50,115 Municipal securities 84,747 206 (1,192) 83,761 Total debt securities 215,942 220 (4,856) 211,306 Equity and other securities 10,308 68 (68) 10,308 Total investment securities available-for-sale $ 226,250 $ 288 $ (4,924) $ 221,614 The following table summarizes amortized cost and fair values of debt securities by maturity: December 31, 2019 Available for sale (Dollars in thousands) Amortized Cost Fair Value Within one year $ 90 $ 91 After one year, but within five 15,943 16,086 After five years, but within ten 34,460 35,547 After ten years 169,050 171,677 Total $ 219,544 $ 223,400 Investment securities with a carrying value of $68.0 million and $50.4 million at December 31, 2019 and 2018, 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, 2019, the details of which are included in the following table. Although these securities, if sold at December 31, 2019 would result in a pretax loss of $937 thousand, 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, 2019, 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, 2019: (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 (26) $ 8,160 $ (59) $ 15,399 $ (190) U.S. Sponsored Mortgage-backed securities (40) 16,660 (170) 27,498 (454) Municipal securities (13) 6,018 (40) 828 (17) Other securities (2) 1,093 (7) — — $ 31,931 $ (276) $ 43,725 $ (661) The following table discloses investments in an unrealized loss position at December 31, 2018: (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 (54) $ 9,762 $ (123) $ 63,740 $ (1,502) U.S. Sponsored Mortgage-backed securities (42) 2,360 (32) 47,755 (2,007) Municipal securities (78) 5,936 (46) 35,955 (1,146) Other securities (2) 2,452 (48) 1,018 (20) $ 20,510 $ (249) $ 148,468 $ (4,675) The Company sold investments available-for-sale of $31.2 million, $2.7 million and $53.2 million in 2019, 2018 and 2017, respectively. These sales resulted in gross gains of $105 thousand, $352 thousand and $1.1 million and gross losses of $271 thousand, $25 thousand, and $372 thousand in 2019, 2018 and 2017, respectively. The Company sold equity investments of $6.0 million, $0, and $0 in 2019, 2018 and 2017, respectively. These sales resulted in gross gains of $0, $0, and $0 and gross losses of $7 thousand, $0, and $0, in 2019, 2018 and 2017, respectively. The Company recognized unrealized holding gains on equity securities of $13.8 million, $0, and $0, respectively, in 2019, 2018 and 2017. The Company recognized holding losses on equity securities of $0, $590 thousand, and $0, respectively, in 2019, 2018 and 2017. These were recorded in noninterest income in the consolidated statements of income. A majority of the 2019 unrealized holding gains on equity securities was the result of the Company recognizing a $13.5 million pre-tax gain after a valuation on its Fintech investment portfolio in the second quarter of 2019.

LOANS AND ALLOWANCE FOR LOAN LO

LOANS AND ALLOWANCE FOR LOAN LOSSES	12 Months Ended
	Dec. 31, 2019
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 2019, 2018 and 2017, the Company recognized sales proceeds of $1.6 billion, $1.2 billion and $1.4 billion, resulting in mortgage fee income of $41.0 million, $32.3 million and $37.1 million, respectively. The components of loans in the Consolidated Balance Sheet at December 31, were as follows: (Dollars in thousands) 2019 2018 Commercial and Non-Residential Real Estate $ 1,063,828 $ 941,033 Residential 271,604 294,929 Home Equity 35,106 59,015 Consumer 3,697 9,605 Total Loans 1,374,235 1,304,582 Deferred loan origination costs and (fees), net 306 (216) Loans receivable $ 1,374,541 $ 1,304,366 The following table summarizes the primary segments of the loan portfolio as of December 31, 2019 and 2018: (Dollars in thousands) Commercial Residential Home Equity Consumer Total December 31, 2019 Individually evaluated for impairment $ 7,401 $ 1,953 $ 95 $ 34 $ 9,483 Collectively evaluated for impairment 1,056,427 269,651 35,011 3,663 1,364,752 Total Loans $ 1,063,828 $ 271,604 $ 35,106 $ 3,697 $ 1,374,235 December 31, 2018 Individually evaluated for impairment $ 9,734 $ 2,831 $ 123 $ 90 $ 12,778 Collectively evaluated for impairment 931,299 292,098 58,892 9,515 1,291,804 Total Loans $ 941,033 $ 294,929 $ 59,015 $ 9,605 $ 1,304,582 On November 21, 2019, the Company entered into a Purchase and Assumption Agreement with Summit Community Bank, Inc., a subsidiary of Summit Financial Group, Inc. pursuant to which Summit will purchase certain assets and assume certain liabilities of three branch locations in Berkeley County, WV and one branch location in Jefferson County, WV. Pursuant to the terms of the Purchase Agreement, Summit has agreed to assume certain deposit liabilities and to acquire certain loans, as well as cash, real property, personal property, and other fixed assets associated with the branch locations. As of December 31, 2019, the balance of loans classified as held for sale as a result of this agreement was $42.9 million. 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, 2019 and 2018: 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, 2019 Commercial Commercial Business $ 2,606 $ 249 $ 644 $ 3,250 $ 4,308 Commercial Real Estate 1,786 325 295 2,081 2,171 Acquisition & Development — — 2,070 2,070 3,467 Total Commercial 4,392 574 3,009 7,401 9,946 Residential — — 1,953 1,953 2,045 Home Equity — — 95 95 100 Consumer — — 34 34 35 Total Impaired Loans $ 4,392 $ 574 $ 5,091 $ 9,483 $ 12,126 December 31, 2018 Commercial Commercial Business $ 4,885 $ 668 $ 387 $ 5,272 $ 5,292 Commercial Real Estate 1,842 375 396 2,238 2,300 Acquisition & Development — — 2,224 2,224 3,601 Total Commercial 6,727 1,043 3,007 9,734 11,193 Residential — — 2,831 2,831 2,882 Home Equity — — 123 123 123 Consumer — — 90 90 316 Total Impaired Loans $ 6,727 $ 1,043 $ 6,051 $ 12,778 $ 14,514 Impaired loans have decreased by $3.3 million, or 25.8%, during 2019 This change is the net effect of multiple factors, including principal curtailments of $1.6 million, the reclassification of $1.4 million of previously reported impaired loans to performing loans, partial charge-offs of $999 thousand, the identification of $223 thousand of recently impaired loans, foreclosure and reclassification to other real estate owned of $135 thousand, and normal loan amortization of $474 thousand. The $1.6 million of principal curtailments were concentrated in one commercial relationship in which the underlying assets were purchased by an unrelated borrower and repurposed in a new business operation, with stronger performance, allowing the new loan to be originated as a performing loan. This relationship represented $1.4 million, or 88% of the total principal curtailments. The $1.4 million included in the reclassification of previously reported impaired loans to performing loans was concentrated in one residential real estate loan that returned to accrual status after the borrower provided six consecutive, on-time payments, thus allowing the loan to be adjusted to accrual status, and allowing the loan to be considered a performing loan. The following table presents the average recorded investment in impaired loans and related interest income recognized for the years ended: December 31, 2019 December 31, 2018 December 31, 2017 (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 $ 3,202 $ — $ — $ 4,052 $ 51 $ 106 $ 3,718 $ 155 $ 113 Commercial Real Estate 3,220 162 140 6,416 159 94 3,199 100 98 Acquisition & Development 2,151 123 131 1,367 106 8 3,429 9 13 Total Commercial 8,573 285 271 11,835 316 208 10,346 264 224 Residential 2,719 16 16 2,569 20 14 1,424 13 53 Home Equity 154 2 2 100 2 1 538 1 1 Consumer 45 — — 149 — — 187 — — Total $ 11,491 $ 303 $ 289 $ 14,653 $ 338 $ 223 $ 12,495 $ 278 $ 278 As of December 31, 2019, the Bank held eleven foreclosed residential real estate properties representing $571 thousand, or 40.9%, 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 two properties for a total of $294 thousand, while the other included seven properties for a total of $163 thousand. The three remaining properties, totaling $115 thousand, were the result of the foreclosure of two unrelated borrowers. There are seven additional consumer mortgage loans collateralized by residential real estate property in the process of foreclosure. The total recorded investment in these loans was $586 thousand as of December 31, 2019. These loans are included in the table above and have a total of $0 in specific allowance allocated to them. 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, 2019 and 2018: (Dollars in thousands) Pass Special Mention Substandard Doubtful Total December 31, 2019 Commercial Commercial Business $ 511,590 $ 17,398 $ 11,894 $ — $ 540,882 Commercial Real Estate 406,712 3,564 1,494 — 411,770 Acquisition & Development 106,428 1,869 2,879 — 111,176 Total Commercial 1,024,730 22,831 16,267 — 1,063,828 Residential 267,367 1,946 2,177 114 271,604 Home Equity 34,641 383 82 — 35,106 Consumer 3,613 56 28 — 3,697 Total Loans $ 1,330,351 $ 25,216 $ 18,554 $ 114 $ 1,374,235 December 31, 2018 Commercial Commercial Business $ 432,589 $ 5,290 $ 5,652 $ — $ 443,531 Commercial Real Estate 371,309 2,071 2,181 — 375,561 Acquisition & Development 118,754 179 2,879 129 121,941 Total Commercial 922,652 7,540 10,712 129 941,033 Residential 290,602 2,608 1,600 119 294,929 Home Equity 58,100 876 39 — 59,015 Consumer 9,359 164 19 63 9,605 Total Loans $ 1,280,713 $ 11,188 $ 12,370 $ 311 $ 1,304,582 Loans classified as Special Mention totaled $25.2 million and $11.2 million as of December 31, 2019 and December 31, 2018, respectively. The increase of $14.0 million, or 125.4%, was concentrated in the commercial loan portfolio. This increase is primarily the result of the risk grade downgrade of six loans to unrelated borrowers, totaling $19.7 million, offset by the payoff of two existing loans totaling $3.3 million, and normal loan amortization of the loans in the classification. Of the five loans recently classified as Special Mention, the largest balance of $8.3 million, or 59.3% of the increase, is a note secured by subordinate bonds related to a sales-tax increment financing district, which have not been refinanced as timely as anticipated due to delays in the reissuance of senior position bonds. Ongoing development of the district is expected to allow for the refinance of the subordinate bonds in 2020. A second loan, in the amount of $3.4 million, is secured by a senior care facility which has continued to supplement operating results with its liquid assets. Recent changes to its revenue strategy are expected to result in improved performance. A third loan, in the amount of $2.9 million, is secured by a multifamily rental property that has not performed as intended due to a lack of demand from a nearby university. The property is being remarketed to area professionals and is expected to report improved performance. The fourth loan is a $1.9 million note secured by residential lots adjacent to a hotel resort property. The loan is amortizing and has paid as agreed, however, the risk grade was adjusted due to potential legal issues associated with the primary guarantor. The fifth loan is a $1.8 million government lease transaction that has reported potential payment issues, and the last of the six loans is a $1.6 million commercial real estate loan to a non-profit that has reported less than expected cash flow performance. These matters are being monitored and any significant developments will result in reevaluation of the risk grades. Loans classified as Substandard totaled $18.6 million and $12.4 million as of December 31, 2019 and December 31, 2018, respectively. The increase of $6.2 million, or 50%, was concentrated in the commercial loan portfolio. The increase is primarily the result of the risk grade downgrade of four loans to two unrelated borrowers, totaling $8.1 million, offset by the partial charge off of a loan totaling $989 thousand, the risk grade upgrade of a $1.0 million loan, and the payoff of two existing loans totaling $1.4 million. Of the four loans recently classified as Substandard, three loans totaling $6.1 million were each provided to a single borrower to finance the acquisition of equipment to be used in the coal industry. Repayment performance has been unsatisfactory and there are no significant expectations of improvement within the industry. The fourth loan, in the amount of $2.0 million, is secured by a senior care facility that has struggled to collect its receivables and government reimbursements in a timely manner, which has placed considerable strain on operating performance, which are not expected to be corrected in the short term. These matters are being monitored and any significant developments will result in reevaluation of the risk grades. 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 The following table presents the classes of the loan portfolio summarized by aging categories of performing loans and nonaccrual loans as of December 31, 2019 and 2018: (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, 2019 Commercial Commercial Business $ 537,602 $ 3,189 $ 47 $ 44 $ 3,280 $ 540,882 $ 2,848 $ — Commercial Real Estate 411,070 522 178 — 700 411,770 295 — Acquisition & Development 110,717 180 — 279 459 111,176 390 — Total Commercial 1,059,389 3,891 225 323 4,439 1,063,828 3,533 — Residential 267,515 3,003 549 537 4,089 271,604 1,461 — Home Equity 34,382 545 84 95 724 35,106 95 — Consumer 3,610 1 58 28 87 3,697 34 — Total Loans $ 1,364,896 $ 7,440 $ 916 $ 983 $ 9,339 $ 1,374,235 $ 5,123 $ — December 31, 2018 Commercial Commercial Business $ 432,097 $ 6,380 $ 1,746 $ 3,308 $ 11,434 $ 443,531 $ 3,684 $ — Commercial Real Estate 374,880 681 — — 681 375,561 385 — Acquisition & Development 121,644 — — 297 297 121,941 426 — Total Commercial 928,621 7,061 1,746 3,605 12,412 941,033 4,495 — Residential 291,665 1,000 760 1,504 3,264 294,929 2,442 — Home Equity 58,575 400 40 — 440 59,015 84 — Consumer 9,485 28 10 82 120 9,605 82 — Total Loans $ 1,288,346 $ 8,489 $ 2,556 $ 5,191 $ 16,236 $ 1,304,582 $ 7,103 $ — 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 $582 thousand, $771 thousand, and $423 thousand for 2019, 2018 and 2017, 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 $139 thousand and $204 thousand as of December 31, 2019 and 2018, respectively. 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 track 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 $332 thousand and $284 thousand as of December 31, 2019 and 2018, respectively. 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, 2019, 2018, and 2017. Activity in the allowance is presented for the periods indicated: (Dollars in thousands) Commercial Residential Home Equity Consumer Total ALL balance at December 31, 2018 $ 8,605 $ 1,405 $ 684 $ 245 $ 10,939 Charge-offs (998) — — (10) (1,008) Recoveries 1 1 4 49 55 Provision 2,490 (134) (361) (206) 1,789 ALL balance at December 31, 2019 $ 10,098 $ 1,272 $ 327 $ 78 $ 11,775 Individually evaluated for impairment $ 574 $ — $ — $ — $ 574 Collectively evaluated for impairment $ 9,524 $ 1,272 $ 327 $ 78 $ 11,201 (Dollars in thousands) Commercial Residential Home Equity Consumer Total ALL balance at December 31, 2017 $ 7,804 $ 1,119 $ 705 $ 250 $ 9,878 Charge-offs (1,024) (166) — (290) (1,480) Recoveries 15 22 59 5 101 Provision 1,810 430 (80) 280 2,440 ALL balance at December 31, 2018 $ 8,605 $ 1,405 $ 684 $ 245 $ 10,939 Individually evaluated for impairment $ 1,043 $ — $ — $ — $ 1,043 Collectively evaluated for impairment $ 7,562 $ 1,405 $ 684 $ 245 $ 9,896 (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 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, 2019 and 2018, the Bank had specific reserve allocations for TDR’s of $527 thousand and $1.0 million, respectively. Loans considered to be troubled debt restructured loans totaled $7.7 million and $8.0 million as of December 31, 2019 and December 31, 2018, respectively. Of these totals, $4.4 million and $4.2 million, respectively, represent accruing troubled debt restructured loans and represent 46% and 33%, respectively, of total impaired loans. Meanwhile, as of December 31, 2019, $3.0 million represent four loans to two borrowers that have defaulted under the restructured terms. The largest of these loans, at $2.3 million, is a restructured commercial loan to a company previously dependent on the coal industry, which is now structured as an unsecured loan. The other three of these loans, totaling $679 thousand, 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, 2019. These two development loans were also considered non-performing loans as of December 31, 2018. During the year ended December 31, 2019, no restructured loan defaulted under their modified terms that were not already classified as non-performing for having previously defaulted under their modified terms. There were no commitments to advance funds to any TDRs as of December 31, 2019. The following table presents details related to loans identified as Troubled Debt Restructurings during the years ended December 31, 2019 and 2018. New TDR’s 1 December 31, 2019 December 31, 2018 (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 2 $ 336 $ 333 2 $ 272 $ 210 Commercial Real Estate — — — 1 11 11 Acquisition & Development — — — 1 1,798 1,798 Total Commercial 2 336 333 4 2,081 2,019 Residential 3 246 323 — — — Home Equity — — — 1 39 39 Consumer — — — 1 10 8 Total 5 $ 582 $ 656 6 $ 2,130 $ 2,066 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, 2019
Property, Plant and Equipment [Abstract]
PREMISES AND EQUIPMENT	PREMISES AND EQUIPMENT Premises and equipment at December 31, were as follows: (Dollars in thousands) 2019 2018 Land $ 3,257 $ 3,934 Buildings and improvements 14,574 17,235 Furniture, fixtures and equipment 16,869 14,293 Construction in progress 1,019 2,642 Leasehold improvements 2,207 1,670 37,926 39,774 Accumulated depreciation (15,952) (13,229) Net premises and equipment $ 21,974 $ 26,545 On November 21, 2019, the Company entered into a Purchase and Assumption Agreement with Summit Community Bank, Inc., a subsidiary of Summit Financial Group, Inc. pursuant to which Summit will purchase certain assets and assume certain liabilities of three branch locations in Berkeley County, WV and one branch location in Jefferson County, WV. Pursuant to the terms of the Purchase Agreement, Summit has agreed to assume certain deposit liabilities and to acquire certain loans, as well as cash, real property, personal property, and other fixed assets associated with the branch locations. As of December 31, 2019, the balance of premises and equipment held for sale as a result of this agreement was $3.6 million. 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 $3.0 million, $2.8 million and $2.6 million for 2019, 2018 and 2017, respectively. The Company leases certain premises, for the operation of some banking offices, and equipment under operating and finance leases. At December 31, 2019, the Company had lease liabilities totaling $14.8 million and right-of-use assets totaling $13.5 million related to these leases. Lease liabilities and right-of-use assets are reflected in other liabilities and other assets, respectively. For the year ended December 31, 2019, the weighted average remaining lease term for finance leases was 2.7 years and the weighted average discount rate used in the measurement of finance lease liabilities was 2.80%. For the year ended December 31, 2019, the weighted average remaining lease term for operating leases was 11.8 years and the weighted average discount rate used in the measurement of operating lease liabilities was 3.54%. Lease costs were as follows: (Dollars in thousands) December 31, 2019 Amortization of right-of-use assets, finance leases $ 77 Interest on lease liabilities, finance leases 6 Operating lease cost 2,120 Short-term lease cost 72 Variable lease cost 38 Total lease cost $ 2,313 Rent expense for the year ended December 31, 2018 and 2017, prior to the adoption of ASU 2016-02, was $2.0 million and $2.0 million, respectively. There were no sale and leaseback transactions, leveraged leases, or lease transactions with related parties during the year ended December 31, 2019. At December 31, 2019, the Company had leases that had not commenced that will create approximately $2.4 million and $4.1 million of additional lease liabilities and right-of-use assets, respectively for the Company. Future minimum payments for finance leases and operating leases with initial or remaining terms of one year or more are as follows: December 31, 2019 (Dollars in thousands) Finance Leases Operating Leases 2020 $ 77 $ 1,891 2021 77 1,792 2022 51 1,730 2023 — 1,452 2024 — 1,371 2025 and thereafter — 10,000 Total future minimum lease payments $ 205 $ 18,236 Less: Amounts representing interest (7) (3,642) Present value of net future minimum lease payments $ 198 $ 14,594

DEPOSITS

DEPOSITS	12 Months Ended
	Dec. 31, 2019
Deposits [Abstract]
DEPOSITS	DEPOSITS Deposits at December 31, were as follows: (Dollars in thousands) 2019 2018 Demand deposits of individuals, partnerships, and corporations Noninterest bearing demand $ 278,547 $ 213,597 Interest bearing demand 351,435 376,398 Savings and money markets 363,026 317,697 Time deposits including CDs and IRAs 272,034 401,462 Total deposits $ 1,265,042 $ 1,309,154 Time deposits that meet or exceed the FDIC insurance limit $ 8,955 $ 15,280 Maturities of time deposits at December 31, 2019 were as follows (Dollars in thousands): 2020 $ 223,633 2021 10,495 2022 19,074 2023 11,947 2024 6,885 Total $ 272,034 On November 21, 2019, the Company entered into a Purchase and Assumption Agreement with Summit Community Bank, Inc., a

BORROWED FUNDS

BORROWED FUNDS	12 Months Ended
	Dec. 31, 2019
Debt Disclosure [Abstract]
BORROWED FUNDS	BORROWED FUNDS The Bank is a member of the FHLB of Pittsburgh, Pennsylvania. The remaining maximum borrowing capacity with the FHLB at December 31, 2019 was approximately $162.4 million. At December 31, 2019 and 2018 the Bank had borrowed $222.9 million and $214.9 million. As of December 31, 2019, our maximum borrowing capacity with the FHLB was $547.2 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 $192.1 million at December 31, 2019, compared to $212.4 million at year-end 2018. Information related to short-term borrowings is summarized as follows: (Dollars in thousands) 2019 2018 2017 Balance at end of year $ 192,063 $ 212,395 $ 149,596 Average balance during the year 187,226 171,117 100,969 Maximum month-end balance 240,811 264,297 220,097 Weighted-average rate during the year 2.24 % 2.27 % 1.16 % Weighted-average rate at December 31 1.81 % 2.62 % 1.61 % 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 presented as an individual line item 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, 2019 and December 31, 2018. These borrowings were collateralized with investment securities with a carrying value of $10.5 million and $15.4 million at December 31, 2019 and December 31, 2018, 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 $10.2 million at December 31, 2019, compared to $14.9 million at December 31, 2018. Information related to repurchase agreements is summarized as follows: (Dollars in thousands) 2019 2018 2017 Balance at end of year $ 10,172 $ 14,925 $ 22,403 Average balance during the year 11,252 18,536 25,160 Maximum month-end balance 14,655 20,903 25,972 Weighted-average rate during the year 0.43 % 0.30 % 0.30 % Weighted-average rate at December 31 0.44 % 0.16 % 0.34 % Long-term notes from the FHLB as of December 31, were as follows: (Dollars in thousands) 2019 2018 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 $ 822 $ 1,741 Amortizing fixed interest rate note, originating February 2007, due February 2022, payable in monthly installments of $5 thousand, including interest of 5.22% — 751 Fixed interest rate notes, originating in November 2019, due between November 2022 and November 2024, with interest of between 1.74% and 1.81% payable monthly 30,000 — $ 30,822 $ 2,492 Subordinated Debt Information related to subordinated debt is summarized as follows: (Dollars in thousands) 2019 2018 2017 Balance at end of year $ 4,124 $ 17,524 $ 33,524 Average balance during the year 12,125 25,774 33,524 Maximum month-end balance 17,524 33,524 33,524 Weighted-average rate during the year 6.35 % 6.81 % 6.69 % Weighted-average rate at December 31 3.51 % 6.57 % 6.70 % 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 expired 10 years after the initial issuance date of the Notes (the “Maturity Date”). Interest on the Notes accrued 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 was 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 was 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 was 7.5% per annum. For investments of $10,000,000 or greater, the interest rate on the Notes was 7% per annum, regardless of whether the holder owns or acquires MVB common stock. The principal on the Notes was to be paid in full at the Maturity Date. On the fifth anniversary of the issuance of the Notes, a holder was able to 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 were unsecured and subject to the terms and conditions of any senior debt and after consultation with the Federal Board, the Company was able, 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 were to be made pro rata among the holders of all outstanding Notes. At the election of a holder, any or all of the Notes were convertible 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 had elected to waive the timing requirements associated with when a conversion may occur and, instead, the Company would accept notices of conversion at any time prior to July 1, 2019, which was the final conversion date for the Notes. The Notes converted into common stock based on $16 per share of the Company’s common stock. The conversion price was 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 was required to 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. The Notes were 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. On July 10, 2019, the Federal Reserve Board provided the Company with its approval for the Company to redeem all of the outstanding Notes. On or about August 1, 2019, the Company provided notice to the holders of the outstanding Notes that it would redeem the outstanding Notes on September 30, 2019. The Company reflects subordinated debt in the amount of $4.1 million and $17.5 million as of December 31, 2019 and December 31, 2018 and interest expense of $770 thousand, $1.8 million, and $2.2 million for the years ended December 31, 2019, 2018 and 2017, respectively. In 2018, $16.0 million of subordinated debt was converted into common stock, which resulted in the issuance of 1,000,000 new shares and will provide an annual interest expense savings of $1.1 million. In 2019, $1.0 million of subordinated debt was converted into common stock, which resulted in the issuance of 62,500 new shares, and $12.4 million of subordinated debt was redeemed. These transactions provided an annual interest expense savings of $970 thousand. A summary of maturities of borrowings and subordinated debt over the next five years is as follows (dollars in thousands): Year Amount 2020 192,092 2021 32 2022 10,761 2023 10,000 2024 10,000 Thereafter 4,124 $ 227,009

COMMITMENTS AND CONTINGENT LIAB

COMMITMENTS AND CONTINGENT LIABILITIES	12 Months Ended
	Dec. 31, 2019
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) 2019 2018 Available on lines of credit $ 385,871 $ 329,229 Stand-by letters of credit 18,145 22,156 Other loan commitments 24,821 28,852 $ 428,837 $ 380,237 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, 2019 and 2018. 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, 2019
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) 2019 2018 2017 Current: Federal $ 10,450 $ 2,203 $ 2,635 State 2,101 1,031 771 $ 12,551 $ 3,234 $ 3,406 Deferred expense (benefit) Federal $ (3,716) $ 117 $ 1,268 State (237) 22 81 (3,953) 139 1,349 Income tax expense $ 8,598 $ 3,373 $ 4,755 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 an 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: 2019 2018 2017 (Dollars in thousands) Amount % Amount % Amount % Tax at Federal tax rate $ 7,353 21 % $ 3,229 21 % $ 4,369 34 % Tax effect of: State income tax 2,101 6.0 % 738 4.8 % 771 6.0 % Tax exempt earnings (856) (2.8) % (594) (3.9) % (1,031) (6.4) % Impact of deferred tax rate change $ — — % $ — — % $ 646 5.0 % $ 8,598 24.2 % $ 3,373 21.9 % $ 4,755 38.6 % 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 and after are based on the newly enacted U.S. statutory federal income tax rate of 21%. Deferred income tax assets and (liabilities) were comprised of the following at December 31: (Dollars in thousands) 2019 2018 Allowance for loan losses $ 3,310 $ 3,084 Minimum pension liability 1,589 1,266 Unrealized loss on securities available-for-sale — 1,252 SERP/RSU 652 — Other 10 1 Gross deferred tax assets 5,561 5,603 Depreciation (1,505) (1,143) Pension (164) (138) Unrealized gain on securities available-for-sale (1,088) — Holding gain on equity securities (3,838) — Goodwill (2,134) (1,827) Gross deferred tax liabilities (8,729) (3,108) Net deferred tax (liability) asset $ (3,168) $ 2,495 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. As such, 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 2015 have been closed for purposes of examination by the federal and state taxing jurisdictions. MVB has invested, as a limited partner, in three Section 42 affordable housing investment funds. In exchange for these investments, MVB receives its pro rata share of income, expense, gains, and losses, including tax credits, that are received by the projects. As of December 31, 2018, MVB has recognized, as an investment, $3.0 million in the aggregate between the three affordable housing investment funds. In addition, MVB has recognized no gains or losses from the three affordable housing investment funds.

RELATED PARTY TRANSACTIONS

RELATED PARTY TRANSACTIONS	12 Months Ended
	Dec. 31, 2019
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 immediate family members 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, 2019 $ 27,971 $ 13,897 $ — $ (29,584) $ 12,284 December 31, 2018 $ 25,199 $ 48,269 $ — $ (45,497) $ 27,971 The Company held related party deposits of $35.5 million and $25.2 million at December 31, 2019 and December 31, 2018, respectively. The Company held no related party repurchase agreements at December 31, 2019 and December 31, 2018.

PENSION PLAN

PENSION PLAN	12 Months Ended
	Dec. 31, 2019
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 this 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 took effect on December 31, 2017. If the executive completes three years of continuous employment with MVB Mortgage prior to retirement date (which shall be no earlier than the date he attains age 55) he will, upon retirement, be entitled to receive $1.8 million payable in 180 equal consecutive installments of $10 thousand. The liability is calculated by discounting the anticipated future cash flows at 4.0%. The liability accrued for this obligation was $783 thousand and $377 thousand as of December 31, 2019 and 2018, respectively. Service cost was $406 thousand and $376 thousand in 2019 and 2018, respectively. Pension expense was $256 thousand, $286 thousand and $256 thousand in 2019, 2018 and 2017, 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, 2019 and 2018 is as follows: (Dollars in thousands) 2019 2018 Change in benefit obligation Benefit obligation at beginning of year $ 9,416 $ 10,058 Service cost — — Interest cost 392 352 Actuarial loss 99 348 Assumption changes 1,769 (1,127) Curtailment impact — — Benefits paid (241) (215) Benefit obligation at end of year $ 11,435 $ 9,416 Change in plan assets: Fair value of plan assets at beginning of year $ 5,238 $ 5,166 Actual return on plan assets 808 (429) Employer contribution 360 716 Benefits paid (241) (215) Fair value of plan assets at end of year $ 6,165 $ 5,238 Funded status $ (5,270) $ (4,179) Unrecognized net actuarial loss 5,883 4,687 Unrecognized prior service cost — — Prepaid pension cost recognized $ 613 $ 508 Accumulated benefit obligation $ 11,435 $ 9,416 At December 31, 2019, 2018 and 2017, the weighted average assumptions used to determine the benefit obligation are as follows: 2019 2018 2017 Discount rate 3.24 % 4.23 % 3.55 % Rate of compensation increase N/A N/A N/A The components of net periodic pension cost are as follows: (Dollars in thousands) 2019 2018 2017 Service cost $ — $ — $ — Interest cost 392 352 360 Expected return on plan assets (407) (372) (345) Amortization of prior service costs — — — Amortization of net actuarial loss 271 306 241 Net periodic pension cost $ 256 $ 286 $ 256 For the years December 31, 2019, 2018 and 2017, the weighted average assumptions used to determine net periodic pension cost are as follows: 2019 2018 2017 Discount rate 3.24 % 3.55 % 4.05 % 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, 2019 and 2018 are as follows: 12/31/2019 12/31/2018 Plan Assets Cash 4 % 5 % Fixed income 23 % 24 % Alternative investments 15 % 17 % Domestic equities 33 % 31 % Foreign equities 24 % 23 % Real estate investment trusts 1 % — % Total 100 % 100 % The estimated net loss for the plan that is expected to be amortized from accumulated other comprehensive income into net periodic benefit cost over the next fiscal year is $460 thousand. The following table sets forth by level, within the fair value hierarchy, as defined in Note 17, “Fair Value Measurements,” the Pension Plan’s assets at fair value as of December 31, 2019. (Dollars in thousands) Level I Level II Level III Total Assets: Cash $ 247 $ — $ — $ 247 Fixed income 1,418 — — 1,418 Alternative investments — — 925 925 Domestic equities 2,034 — — 2,034 Foreign equities 1,480 — — 1,480 Real estate investment trusts — — 61 61 Total assets at fair value $ 5,179 $ — $ 986 $ 6,165 The following table sets forth by level, within the fair value hierarchy, as defined in Note 17, “Fair Value Measurements,” the Pension Plan’s assets at fair value as of December 31, 2018. (Dollars in thousands) Level I Level II Level III Total Assets: Cash $ 262 $ — $ — $ 262 Fixed income 1,257 — — 1,257 Alternative investments — — 890 890 Domestic equities 1,624 — — 1,624 Foreign equities 1,205 — — 1,205 Total assets at fair value $ 4,348 $ — $ 890 $ 5,238 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 this 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 January 1, 2019 through December 31, 2019 $ 360 Estimated future benefit payments reflecting expected future service 2020 $ 323 2021 $ 331 2022 $ 386 2023 $ 429 2024 $ 450 2025 through 2028 $ 2,652

GOODWILL AND OTHER INTANGIBLE A

GOODWILL AND OTHER INTANGIBLE ASSETS	12 Months Ended
	Dec. 31, 2019
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, including core deposit intangibles, for the periods presented: Intangibles (Dollars in thousands) Goodwill Gross Accumulated Depreciation Net Balance at January 1, 2019 $ 18,480 $ 1,006 $ (456) $ 550 Goodwill and intangibles resulting from Chartwell acquisition 1,150 3,220 — 3,220 Amortization expense — — (297) (297) Balance at December 31, 2019 $ 19,630 $ 4,226 $ (753) $ 3,473 Balance at January 1, 2018 $ 18,480 $ 1,006 $ (360) $ 646 Amortization expense — — (96) (96) Balance at December 31, 2018 $ 18,480 $ 1,006 $ (456) $ 550 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 Goodwill represents the excess of the purchase price over the fair value of acquired net assets under the acquisition method of accounting. Intangibles include the core deposit intangibles from the 2015 branch acquisition and the intangibles resulting from the Chartwell acquisition. 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 The table below presents estimated amortization expense for the Company’s other intangible assets (dollars in thousands): 2020 $ 706 2021 703 2022 699 2023 612 2024 328 Thereafter 425 $ 3,473 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, 2019 and 2018. The Company has not identified any triggering events since the impairment evaluation that would indicate potential impairment.

STOCK OFFERINGS

STOCK OFFERINGS	12 Months Ended
	Dec. 31, 2019
Stockholders' Equity Note [Abstract]
STOCK OFFERINGS	STOCK OFFERINGS 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 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 the liquidation amount of $10,000, 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 the liquidation amount of $10,000, 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 subsidiaries.

STOCK OPTIONS AND OTHER EQUITY

STOCK OPTIONS AND OTHER EQUITY AWARDS	12 Months Ended
	Dec. 31, 2019
Share-based Payment Arrangement [Abstract]
STOCK OPTIONS AND OTHER EQUITY AWARDS	STOCK OPTIONS AND OTHER EQUITY AWARDS The MVB Financial Corp. Incentive Stock Plan (the “Plan”) provides for the issuance of stock options, restricted stock awards, and RSU’s to selected employees and directors. During 2017, the Company’s 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, 2019, the Plan had 3.2 million shares authorized and 715,517 shares remaining available for issuance. To date, the Company has awarded both stock options and RSU’s to selected employees and directors. Total compensation expense recorded on stock options and RSU’s during 2019, 2018 and 2017 was $1.8 million, $1.3 million and $813 thousand, respectively. Proceeds from stock options exercised were $2.2 million, $2.1 million and $(10) thousand during 2019, 2018 and 2017, respectively. During 2019, 2018 and 2017, 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. Stock Options 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. Stock options 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. The following summarizes MVB’s stock options as of and for the year ended December 31, 2019, and the changes for the year then ended: 2019 2018 Number of Shares Weighted Average Exercise Price Number of Shares Weighted Average Exercise Price Outstanding at beginning of year 1,763,491 $ 14.36 1,681,645 $ 13.46 Granted 46,250 17.03 256,344 19.50 Exercised (210,050) 10.30 (161,298) 13.54 Forfeited/expired (6,450) 17.15 (13,200) 14.97 Outstanding at end of year 1,593,241 $ 14.96 1,763,491 $ 14.36 Exercisable at end of year 1,049,516 $ 14.41 994,598 $ 13.21 Weighted-average fair value of options granted during 2019 $ 4.22 Weighted-average fair value of options granted during 2018 $ 5.97 Weighted-average fair value of options granted during 2017 $ 4.05 The intrinsic value of options exercised during 2019, 2018 and 2017 was $1.9 million, $871 thousand and $8 thousand, 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 2.02%, 2.81% and 2.29% for 2019, 2018 and 2017, 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 2019 options was 21.80%, while for the 2018 options it was 18.64% and 2017 options it was 22.76%. The expected dividend yield used was 0.84% for 2019, 0.54% for 2018 and 0.60% for 2017. The following summarizes information related to the total outstanding and exercisable stock options at December 31, 2019: 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 1,593,241 $14.96 15,586,952 5.90 1,049,516 $14.41 10,838,239 5.06 Restricted Stock Units Under the provisions of the Plan, RSU’s are similar to restricted stock awards, except the recipient does not receive the stock immediately, but instead receives it according to a vesting plan and distribution schedule after achieving required performance milestones or upon remaining with the Company for a particular length of time. Each RSU that vests entitles the recipient to receive one share of the Company’s common stock on a specified issuance date. The recipient does not have any stockholder rights, including voting, dividend, or liquidation rights, with respect to the shares underlying awarded RSU’s until the recipient becomes the record holder of those shares. The Company granted 122,009 RSU’s in 2019, 95,250 time-based and 26,759 performance based. In 2018, the Company granted 62,735 RSU’s, 53,585 time-based and 9,150 performance-based. Performance-based RSU’s vest in one installment at the end of three five five A summary of the activity for the Company’s RSU’s for the period indicated is presented in the following table: 2019 2018 Shares Weighted Average Grant Date Fair Value Shares Weighted Average Grant Date Fair Value Balance at beginning of year 60,345 $ 19.31 — $ — Granted 122,009 15.50 62,735 19.29 Vested (9,576) 18.27 (1,368) 18.27 Forfeited (12,020) 16.72 (1,022) 19.55 Balance at end of year 160,758 $ 16.67 60,345 $ 19.31 At December 31, 2019, based on RSU awards outstanding at that time, the total unrecognized pre-tax compensation expense related to unvested RSU awards was $1.8 million. Based upon the contractual terms, this expense is expected to be recognized as follows: (Dollars in thousands) 2020 $ 778 2021 454 2022 316 2023 173 2024 68 $ 1,789 Stock-Based Compensation Expense Stock-based compensation expense is recognized as salary and employee benefit cost in the consolidated statements of income based on their fair values on the measurement date, which, for the Company, is the date of the grant. Total stock-based compensation expense recorded on stock options and RSU’s during 2019, 2018 and 2017 was $1.8 million, $1.3 million and $813 thousand, respectively. The amount that the Company recognized in stock-based compensation expense related to the issuance of stock options and RSU’s is presented in the following table: (Dollars in thousands) 2019 2018 2017 Stock Options $ 873 $ 936 $ 813 RSU’s 886 331 — Total Stock-based compensation expense $ 1,759 $ 1,267 $ 813

REGULATORY CAPITAL REQUIREMENTS

REGULATORY CAPITAL REQUIREMENTS	12 Months Ended
	Dec. 31, 2019
Banking and Thrift [Abstract]
REGULATORY CAPITAL REQUIREMENTS	REGULATORY CAPITAL REQUIREMENTSThe 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. The Bank is required to comply with applicable capital adequacy standards established by the FDIC. The Company is exempt from the Federal Reserve Board’s capital adequacy standards as it believes it meets the requirements of the Small Bank Holding Company Policy Statement. State chartered banks, such as the Bank, are subject to similar capital requirements adopted by the West Virginia Division of Financial Institutions. Quantitative measures established by regulation to ensure capital adequacy require the Bank 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, 2019 and 2018, the Company and the Bank meet all capital adequacy requirements to which they are 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 with Capital Buffer 1 Minimum for Capital Adequacy Purposes (Dollars in thousands) Amount Ratio Amount Ratio Amount Ratio Amount Ratio As of December 31, 2019 Total Capital (to risk-weighted assets) Subsidiary Bank $ 201,672 12.8% $ 157,107 10.0% $ 155,143 9.88% $ 125,686 8.0% Tier 1 Capital (to risk-weighted assets) Subsidiary Bank $ 189,365 12.1% $ 125,686 8.0% $ 123,722 7.88% $ 94,264 6.0% Common Equity Tier 1 Capital (to risk-weighted assets) Subsidiary Bank $ 189,365 12.1% $ 102,120 6.5% $ 100,156 6.38% $ 70,698 4.5% Tier 1 Capital (to average assets) Subsidiary Bank $ 189,365 9.9% $ 95,227 5.0% N/A N/A $ 76,182 4.0% As of December 31, 2018 Total Capital (to risk-weighted assets) Consolidated $ 193,495 13.8% N/A N/A N/A N/A $ 112,299 8.0% Subsidiary Bank $ 186,127 13.3% $ 140,065 10.0% $ 138,314 9.88% $ 112,052 8.0% Tier 1 Capital (to risk-weighted assets) Consolidated $ 168,672 12.0% N/A N/A N/A N/A $ 84,224 6.0% Subsidiary Bank $ 174,704 12.5% $ 112,052 8.0% $ 110,301 7.88% $ 84,039 6.0% Common Equity Tier 1 Capital (to risk-weighted assets) Consolidated $ 156,714 11.2% N/A N/A N/A N/A $ 63,168 4.5% Subsidiary Bank $ 174,704 12.5% $ 91,042 6.5% $ 89,292 6.38% $ 63,029 4.5% Tier 1 Capital (to average assets) Consolidated $ 168,672 9.9% N/A N/A N/A N/A $ 68,375 4.0% Subsidiary Bank $ 174,704 10.2% $ 85,315 5.0% N/A N/A $ 68,252 4.0%

REGULATORY RESTRICTION ON DIVID

REGULATORY RESTRICTION ON DIVIDEND	12 Months Ended
	Dec. 31, 2019
Disclosure of Restrictions on Dividends, Loans and Advances Disclosure [Abstract]
REGULATORY RESTRICTION ON DIVIDEND	REGULATORY RESTRICTION ON DIVIDENDThe 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

FAIR VALUE OF FINANCIAL INSTRUM

FAIR VALUE OF FINANCIAL INSTRUMENTS	12 Months Ended
	Dec. 31, 2019
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. 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, 2019 Financial assets: Cash and cash equivalents $ 28,002 $ 28,002 $ 28,002 $ — $ — Certificates of deposits with other banks 12,549 12,586 — 12,586 — Securities available-for-sale 235,821 235,821 — 198,562 37,259 Equity securities 18,514 18,514 — — 18,514 Loans held for sale 109,788 109,788 — 109,788 — Loans 1,362,766 1,364,706 — — 1,364,706 Mortgage servicing rights 348 348 — — 348 Interest rate lock commitment 1,660 1,660 — — 1,660 Interest rate swap 5,722 5,722 — 5,722 — Accrued interest receivable 7,909 7,909 — 1,591 6,317 Fair value hedge 1,770 1,770 — 1,770 — Financial liabilities: Deposits $ 1,265,042 $ 1,249,135 $ — $ 1,249,135 $ — Repurchase agreements 10,172 10,172 — 10,172 — FHLB and other borrowings 222,885 222,891 — 222,891 — Mortgage-backed security hedges 186 186 — 186 — Fair value hedge 1,418 1,418 — 1,418 — Interest rate swap 5,722 5,722 — 5,722 — Accrued interest payable 1,060 1,060 — 1,060 — Subordinated debt 4,124 4,124 — 4,124 — December 31, 2018 Financial assets: Cash and cash equivalents $ 22,221 $ 22,221 $ 22,221 $ — $ — Certificates of deposits with other banks 14,778 14,300 — 14,300 — Securities available-for-sale 221,614 221,614 — 188,492 33,122 Equity securities 9,599 9,599 6,027 3,272 300 Loans held for sale 75,807 75,807 — 75,807 — Loans 1,293,427 1,276,065 — — 1,276,065 Mortgage servicing rights 173 173 — — 173 Interest rate lock commitment 1,750 1,750 — — 1,750 Interest rate swap 1,375 1,375 — 1,375 — Interest rate cap 8 8 — 8 — Fair value hedge 343 343 — 343 — Accrued interest receivable 7,710 7,710 — 1,368 6,342 Financial liabilities: Deposits $ 1,309,154 $ 1,249,164 $ — $ 1,249,164 $ — Repurchase agreements 14,925 14,925 — 14,925 — FHLB and other borrowings 214,887 214,969 — 214,969 — Mortgage-backed security hedges 853 853 — 853 — Interest rate swap 1,375 1,375 — 1,375 — Accrued interest payable 1,064 1,064 — 1,064 — Subordinated debt 17,524 18,250 — 18,250 — Transfers of assets and liabilities between levels within the fair value hierarchy are recognized when an event or change in circumstances occurs. During the year ended December 31, 2018, there was a transfer from Level III to Level II in equity securities due to the receipt of a valuation that occurred during 2018. 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, 2019
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 — 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, 2019. Valuation techniques are consistent with techniques used in prior periods. Certain local municipal securities related to tax increment financing (“TIF”) are independently valued and classified as Level III instruments. • Equity securities — Certain e quity securities are recorded at fair value on a nonrecurring 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. The valuation methodologies utilized may include significant unobservable inputs. • 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. • Fair value hedge — Treated like an interest rate swap, fair value hedges 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, 2019 and 2018 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, 2019 (Dollars in thousands) Level I Level II Level III Total Assets: U.S. Government Agency securities $ — $ 51,996 $ — $ 51,996 U.S. Sponsored Mortgage backed securities — 58,312 — 58,312 Municipal securities — 75,833 37,259 113,092 Other securities — 12,421 — 12,421 Loans held for sale — 109,788 — 109,788 Interest rate lock commitment — — 1,660 1,660 Interest rate swap — 5,722 — 5,722 Fair value hedge — 1,770 — 1,770 Liabilities: Interest rate swap — 5,722 — 5,722 Fair value hedge — 1,418 — 1,418 Mortgage-backed security hedges — 186 — 186 December 31, 2018 (Dollars in thousands) Level I Level II Level III Total Assets: U.S. Government Agency securities $ — $ 77,430 $ — $ 77,430 U.S. Sponsored Mortgage backed securities — 50,115 — 50,115 Municipal securities — 50,639 33,122 83,761 Other securities — 10,308 — 10,308 Equity securities 6,027 3,272 300 9,599 Loans held for sale — 75,807 — 75,807 Interest rate lock commitment — — 1,750 1,750 Interest rate swap — 1,375 — 1,375 Interest rate cap — 8 — 8 Liabilities: Interest rate swap — 1,375 — 1,375 Fair value hedge — 343 — 343 Mortgage-backed security hedges — 853 — 853 The following table represents recurring level III assets: (Dollars in thousands) Interest Rate Lock Commitments Municipal Securities Equity Securities Total Balance at December 31, 2018 $ 1,750 $ 33,122 $ 300 $ 35,172 Realized and unrealized gains included in earnings (90) — — (90) Purchase of securities — 842 — 842 Reclassification to nonrecurring assets — — (300) (300) Unrealized gain included in other comprehensive income (loss) — 18,128 — 18,128 Unrealized loss included in other comprehensive income (loss) — (14,833) — (14,833) Balance at December 31, 2019 $ 1,660 $ 37,259 $ — $ 38,919 Balance at December 31, 2017 $ 1,426 $ 22,909 $ 900 $ 25,235 Realized and unrealized losses included in earnings 324 — — 324 Purchase of securities — 6,232 — 6,232 Transfer to Level II Assets — — (600) (600) Unrealized gain included in other comprehensive income (loss) — 4,191 — 4,191 Unrealized loss included in other comprehensive income (loss) — (210) — (210) Balance at December 31, 2018 $ 1,750 $ 33,122 $ 300 $ 35,172 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 GAAP. 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 2019 and 2018 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. • Equity securities — Certain e quity securities are recorded at fair value on a nonrecurring basis. Equity securities without a readily determinable fair value are measured at cost minus impairment, if any, plus or minus any changes resulting from observable price changes in orderly transactions, as defined, for identical or similar investments of the same issuer. Assets measured at fair value on a nonrecurring basis as of December 31, 2019 and 2018 are included in the table below: December 31, 2019 (Dollars in thousands) Level I Level II Level III Total Impaired loans $ — $ — $ 8,909 $ 8,909 Other real estate owned — — 1,397 1,397 Equity securities — — 18,514 18,514 December 31, 2018 (Dollars in thousands) Level I Level II Level III Total Impaired loans $ — $ — $ 11,735 $ 11,735 Other real estate owned — — 2,145 2,145 The following tables presents quantitative information about the Level III significant unobservable inputs for assets and liabilities measured at fair value at December 31, 2019 and 2018. Quantitative Information about Level III Fair Value Measurements (Dollars in thousands) Fair Value Valuation Technique Unobservable Input Range December 31, 2019 Nonrecurring measurements: Impaired loans $ 8,909 Appraisal of collateral 1 Appraisal adjustments 2 20% - 62% Liquidation expense 2 5% - 10% Other real estate owned $ 1,397 Appraisal of collateral 1 Appraisal adjustments 2 20% - 30% Liquidation expense 2 5% - 10% Equity securities $ 18,514 Net asset value Cost minus impairment 0% Recurring measurements: Municipal securities (Local TIF bonds) $ 37,259 Appraisal of bond 3 Bond appraisal adjustment 4 5% - 15% Interest rate lock commitments $ 1,660 Pricing model Pull through rates 77% - 82% Quantitative Information about Level III Fair Value Measurements (Dollars in thousands) Fair Value Valuation Technique Unobservable Input Range December 31, 2018 Nonrecurring measurements: Impaired loans $ 11,735 Appraisal of collateral 1 Appraisal adjustments 2 20% - 62% Liquidation expense 2 5% - 10% Other real estate owned $ 2,145 Appraisal of collateral 1 Appraisal adjustments 2 20% - 30% Liquidation expense 2 5% - 10% Recurring measurements: Municipal securities (Local TIF bonds) $ 33,122 Appraisal of bond 3 Bond appraisal adjustment 4 5% - 15% Equity securities $ 300 Net asset value Cost minus impairment 0% Interest rate lock commitments $ 1,750 Pricing model Pull through rates 80% - 88% 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. 3 Fair value determined through independent analysis of liquidity, rating, yield, and duration. 4 Appraisals may be adjusted for qualitative factors, such as local economic conditions.

COMPREHENSIVE INCOME

COMPREHENSIVE INCOME	12 Months Ended
	Dec. 31, 2019
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) 2019 2018 2017 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 (loss) gain $ (166) $ 327 $ 731 (Loss)/ gain on sale of securities (166) 327 731 Total before tax 44 (88) (292) Income tax expense (122) 239 439 Net of tax Defined benefit pension plan items Amortization of net actuarial loss (271) (306) (241) Salaries and benefits (271) (306) (241) Total before tax 73 83 96 Income tax expense (198) (223) (145) Net of tax Investment hedge Carrying value adjustment (44) — — Interest on investment securities - taxable (44) — — Total before tax 12 — — Income tax expense (32) — — Net of tax Total reclassifications $ (352) $ 16 $ 294 (Dollars in thousands) Unrealized gains (losses) on available for-sale securities Defined benefit pension plan items Investment Hedge Total Balance at January 1, 2019 $ (3,384) $ (3,422) $ — $ (6,806) Other comprehensive income (loss) before reclassification 6,204 (1,071) — 5,133 Amounts reclassified from AOCI 122 198 32 352 Net current period OCI 6,326 (873) 32 5,485 Balance at December 31, 2019 $ 2,942 $ (4,295) $ 32 $ (1,321) Balance at January 1, 2018 $ (5) $ (2,983) $ — $ (2,988) Other comprehensive income (loss) before reclassification (3,042) (16) — (3,058) Amounts reclassified from AOCI (239) 223 — (16) Net current period OCI (3,281) 207 — (3,074) Stranded AOCI — (646) — (646) Mark to Market on equity positions held at December 31, 2017 (98) — — (98) Balance at December 31, 2018 $ (3,384) $ (3,422) $ — $ (6,806)

CONDENSED FINANCIAL STATEMENTS

CONDENSED FINANCIAL STATEMENTS OF PARENT COMPANY	12 Months Ended
	Dec. 31, 2019
Condensed Financial Information 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, 2019 and 2018, and the related condensed statements of income and cash flows for the years ended December 31, 2019, 2018 and 2017 are presented below: Condensed Balance Sheets December 31, (Dollars in thousands) 2019 2018 Assets Cash $ 1,058 $ 4,449 Investment in subsidiaries 211,271 187,052 Other assets 6,397 5,036 Total assets $ 218,726 $ 196,537 Liabilities and stockholders’ equity Other liabilities $ 2,666 $ 2,240 Long-term debt 4,124 17,524 Total liabilities 6,790 19,764 Total stockholders’ equity 211,936 176,773 Total liabilities and stockholders’ equity $ 218,726 $ 196,537 Condensed Statements of Income Year ended December 31, (Dollars in thousands) 2019 2018 2017 Income - dividends from Bank subsidiary $ 6,280 $ 8,906 $ 13,724 Expenses - operating 14,296 13,439 11,974 (Loss)/ income before income taxes and undistributed earnings - continuing operations (8,016) (4,533) 1,750 Income tax (benefit) - continuing operations (1,880) (1,569) (2,147) (Loss)/ income after tax from continuing operations (6,136) (2,964) 3,897 Income from discontinued operations 575 — — Income tax - discontinued operations 148 — — Income after tax from discontinued operations 427 — — Equity in undistributed income earnings of subsidiaries 32,700 14,967 3,678 Net Income $ 26,991 $ 12,003 $ 7,575 Preferred dividends $ 479 $ 489 $ 498 Net Income available to common shareholders $ 26,512 $ 11,514 $ 7,077 Condensed Statements of Cash Flows (Dollars in thousands) 2019 2018 2017 OPERATING ACTIVITIES Net Income $ 26,991 $ 12,003 $ 7,575 Equity in undistributed earnings of subsidiaries (32,700) (14,967) (3,678) (Increase) decrease in other assets (4,104) 1,997 (2,214) Decrease (increase) in other liabilities 344 1,311 (234) Stock option expense 1,759 1,267 813 Net cash (used in) provided by operating activities (7,710) 1,611 2,262 INVESTING ACTIVITIES Investment in subsidiaries 16,791 (2,194) (947) Net cash provided by (used in) investing activities 16,791 (2,194) (947) FINANCING ACTIVITIES Proceeds from stock issuance 1,033 — 4,931 AOCI reclassification of pension and available-for-sale investments — 743 — Retirement of subordinated debt (12,400) (35) — Preferred stock redemption (500) — (8,500) Common stock options exercised 2,164 2,129 (10) Cash dividends paid on common stock (2,290) (1,220) (1,033) Cash dividends paid on preferred stock (479) (489) (498) Net cash (used in) provided by financing activities (12,472) 1,128 (5,110) (Decrease) increase in cash (3,391) 545 (3,795) Cash at beginning of period 4,449 3,904 7,699 Cash at end of period $ 1,058 $ 4,449 $ 3,904 Noncash common stock converted from subordinated debt $ 1,000 $ 15,965 $ —

SEGMENT REPORTING

SEGMENT REPORTING	12 Months Ended
	Dec. 31, 2019
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 21, “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 21, “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, 2019, 2018, and 2017 are as follows: 2019 (Dollars in thousands) Commercial & Retail Banking Mortgage Banking Financial Holding Company Intercompany Eliminations Consolidated Interest income $ 75,874 $ 8,342 $ 13 $ (1,868) $ 82,361 Interest expense 18,698 6,014 769 (2,520) 22,961 Net interest income 57,176 2,328 (756) 652 59,400 Provision for loan losses 1,622 167 — — 1,789 Net interest income after provision for loan losses 55,554 2,161 (756) 652 57,611 Noninterest Income: Mortgage fee income 657 41,040 — (652) 41,045 Other income 23,033 1,289 6,268 (7,031) 23,559 Total noninterest income 23,690 42,329 6,268 (7,683) 64,604 Noninterest Expenses: Salaries and employee benefits 19,067 28,432 8,676 — 56,175 Other expense 25,070 8,136 4,851 (7,031) 31,026 Total noninterest expenses 44,137 36,568 13,527 (7,031) 87,201 Income (loss) from continuing operations, before income taxes 35,107 7,922 (8,015) — 35,014 Income tax expense (benefit) - continuing operations 8,175 2,155 (1,880) — 8,450 Net income (loss) from continuing operations 26,932 5,767 (6,135) — 26,564 Income from discontinued operations — — 575 — 575 Income tax expense - discontinued operations — — 148 — 148 Net income from discontinued operations — — 427 — 427 Net income (loss) $ 26,932 $ 5,767 $ (5,708) $ — $ 26,991 Preferred stock dividends — — 479 — 479 Net income (loss) available to common shareholders $ 26,932 $ 5,767 $ (6,187) $ — $ 26,512 Capital Expenditures for the year ended December 31, 2019 $ 1,438 $ 112 $ 492 $ — $ 2,042 Total Assets as of December 31, 2019 1,953,975 248,382 216,411 (474,654) 1,944,114 Goodwill as of December 31, 2019 2,748 16,882 — — 19,630 2018 (Dollars in thousands) Commercial & Retail Banking Mortgage Banking Financial Holding Company Intercompany Eliminations Consolidated Interest income $ 63,762 $ 6,667 $ 5 $ (674) $ 69,760 Interest expense 13,667 4,085 1,756 (1,802) 17,706 Net interest income 50,095 2,582 (1,751) 1,128 52,054 Provision for loan losses 2,386 54 — — 2,440 Net interest income after provision for loan losses 47,709 2,528 (1,751) 1,128 49,614 Noninterest Income: Mortgage fee income 585 32,880 — (1,128) 32,337 Other income 6,479 (243) 6,411 (6,344) 6,303 Total noninterest income 7,064 32,637 6,411 (7,472) 38,640 Noninterest Expenses: Salaries and employee benefits 14,924 23,927 7,373 — 46,224 Other expense 20,081 8,608 4,309 (6,344) 26,654 Total noninterest expenses 35,005 32,535 11,682 (6,344) 72,878 Income (loss) before income taxes 19,768 2,630 (7,022) — 15,376 Income tax expense (benefit) 4,265 677 (1,569) — 3,373 Net income (loss) $ 15,503 $ 1,953 $ (5,453) $ — $ 12,003 Preferred stock dividends — — 489 — 489 Net income (loss) available to common shareholders $ 15,503 $ 1,953 $ (5,942) $ — $ 11,514 Capital Expenditures for the year ended December 31, 2018 $ 2,284 $ 272 $ 137 $ — $ 2,693 Total Assets as of December 31, 2018 1,753,932 165,430 196,537 (364,930) 1,750,969 Goodwill as of December 31, 2018 1,598 16,882 — — 18,480 2017 (Dollars in thousands) Commercial & Retail Banking Mortgage Banking Financial Holding Company Intercompany Eliminations Consolidated Interest income $ 52,423 $ 4,698 $ 4 $ (527) $ 56,598 Interest expense 9,118 2,317 2,241 (1,375) 12,301 Net interest income 43,305 2,381 (2,237) 848 44,297 Provision for loan losses 1,967 206 — — 2,173 Net interest income after provision for loan losses 41,338 2,175 (2,237) 848 42,124 Noninterest Income: Mortgage fee income 736 37,262 — (849) 37,149 Other income 5,866 (2,372) 5,466 (5,403) 3,557 Total noninterest income 6,602 34,890 5,466 (6,252) 40,706 Noninterest Expenses: Salaries and employee benefits 12,266 26,196 5,646 — 44,108 Other expense 19,523 8,188 4,085 (5,404) 26,392 Total noninterest expenses 31,789 34,384 9,731 (5,404) 70,500 Income (loss) before income taxes 16,151 2,681 (6,502) — 12,330 Income tax expense (benefit) 5,820 1,082 (2,147) — 4,755 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 1,533,497 149,323 184,674 (333,192) 1,534,302 Goodwill as of December 31, 2017 1,598 16,882 — — 18,480 Commercial & Retail Banking For the year ended December 31, 2019, the Commercial & Retail Banking segment earned $26.9 million compared to $15.5 million in 2018. Net interest income increased by $7.1 million, primarily as the result of a $11.9 million increase in interest and fees on loans which was offset by a $5.8 million increase in interest on deposits. Noninterest income increased by $16.6 million, primarily as the result of a $13.1 million increase in the holding gain on equity securities and a $1.2 million increase in commercial swap fee income. Noninterest expense increased by $9.1 million, primarily as the result of the following: $4.1 million increase in salaries and employee benefits expense, $1.1 million increase in occupancy and equipment expense, a $1.4 million increase in professional fees, a $928 thousand increase in other operating expenses, and a $811 thousand increase in travel, entertainment, dues, and subscriptions. The increase in salaries and employee benefits was largely driven by a $2.0 million increase related to the build-out of other Company administration, a $1.4 million increase related to the build-out of the Fintech team, and $623 thousand related to additional team members acquired as a result of the Chartwell acquisition. The increase in professional fees is related to special projects and Fintech product and technology development. The increase in travel, entertainment, dues, and subscriptions is primarily related to the Fintech team. In addition, provision expense decreased by $764 thousand. Also, income tax expense increased $3.9 million as a result of increased earnings. Mortgage Banking For the year ended December 31, 2019, the Mortgage Banking segment earned $5.8 million compared to $2.0 million in 2018. Net interest income decreased $254 thousand, noninterest income increased by $9.7 million, and noninterest expense increased by $4.0 million. The increase in noninterest income was primarily the result of a $8.2 million increase in mortgage fee income and a $1.5 million increase in the gain on derivative. The increase in noninterest expense was primarily the result of the following: $4.5 million increase in salaries and employee benefits expense, which was primarily due to a 30.3% increase in origination volume and a $516 thousand increase in the earn out paid to management of the mortgage company related to a 2012 acquisition. Other items that impacted noninterest expense were a $510 thousand decrease in mortgage processing expense and a $475 thousand increase in travel, entertainment, dues, and subscriptions expense.

DISCONTINUED OPERATIONS

DISCONTINUED OPERATIONS	12 Months Ended
	Dec. 31, 2019
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. Based on a measurement period that ended June 30, 2019, the Company earned and was reasonably assured to receive an estimated earn-out payment of $600 thousand related to the Asset Purchase Agreement with USI. This estimate was recorded as contingent consideration from discontinued operations. On August 27, 2019, the Company adjusted the estimate recorded in the second quarter of 2019 to match the earn-out payment received of $575 thousand. There were no assets and liabilities of discontinued operations as of December 31, 2019 or 2018. Net income from discontinued operations, net of tax, for the years ended December 31, 2019, 2018, and 2017, were as follows: (Dollars in thousands) 2019 2018 2017 NONINTEREST INCOME Other operating income 575 — — Total noninterest income 575 — — Income from discontinued operations, before income taxes 575 — — Income tax expense - discontinued operations 148 — — Net Income from discontinued operations $ 427 $ — $ —

QUARTERLY FINANCIAL DATA (UNAUD

QUARTERLY FINANCIAL DATA (UNAUDITED)	12 Months Ended
	Dec. 31, 2019
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 2019 First quarter $ 19,623 $ 13,972 $ 3,989 $ 3,192 $ 0.26 $ 0.26 Second quarter 20,470 14,529 20,526 15,377 1.31 1.18 Third quarter 21,038 15,034 5,668 4,327 0.36 0.35 Fourth quarter 21,230 15,865 5,406 4,095 0.34 0.32 Earnings Per Share (Dollars in thousands) Interest Income Net Interest Income Income Before Taxes Net Income Basic Diluted 2018 First quarter $ 15,054 $ 11,465 $ 3,291 $ 2,594 $ 0.24 $ 0.23 Second quarter 16,944 12,655 3,596 2,831 0.25 0.25 Third quarter 18,176 13,524 4,549 3,579 0.30 0.29 Fourth quarter 19,586 14,410 3,940 2,999 0.25 0.24

REVENUE RECOGNITION

REVENUE RECOGNITION	12 Months Ended
	Dec. 31, 2019
Revenue from Contract with Customer [Abstract]
REVENUE RECOGNITION	REVENUE RECOGNITION The Company records revenue from contracts with customers in accordance with Accounting Standards Update (“ASU”) 2014-09, Revenue from Contracts with Customers (Topic 606). Under Topic 606, the Company must identify the contract with a customer, identify the performance obligations in the contract, determine the transaction price, allocate the transaction price to the performance obligations in the contract, and recognize revenue when (or as) the Company satisfies a performance obligation. Significant revenue has not been recognized in the current reporting period that results from performance obligations satisfied in previous periods. The Company’s primary sources of revenue are derived from interest and fees earned on loans, investment securities, and other financial instruments that are not within the scope of Topic 606. The Company has evaluated the nature of its contracts with customers and determined that further disaggregation of revenue from contracts with customers into more granular categories beyond what is presented in the Consolidated Statements of Income was not necessary. The Company generally fully satisfies its performance obligations on its contracts with customers as services are rendered and the transaction prices are typically fixed; charged either on a periodic basis or based on activity. Because performance obligations are satisfied as services are rendered and the transaction prices are fixed, there is little judgment involved in applying Topic 606 that significantly affects the determination of the amount and timing of revenue from contracts with customers. The Company also completed its evaluation of certain costs related to these revenue streams to determine whether such costs should be presented as expenses or contract-revenue (i.e. gross versus net). Based on the evaluation, the Company determined that the classification of certain debit and credit card processing related costs should change (i.e. costs previously recorded as expense in now recorded as contract-revenue). These classification changes resulted in immaterial changes to both revenue and expense. Since there was no net income impact upon adoption of the new guidance, a cumulative effect adjustment to beginning retained earnings was not deemed necessary. Consistent with the modified retrospective approach, the Company did not adjust prior period amounts related to the debit and credit card related cost reclassifications discussed above. Service Charges on Deposit Accounts Service charges on deposit accounts consist of account analysis fees, monthly service fees, check orders, and other deposit account related fees. The Company’s performance obligation for account analysis fees and monthly service fees is generally satisfied, and the related revenue recognized, over the period in which the service is provided. Check orders and other deposit account related fees are largely transactional based, and therefore, the Company’s performance obligation is satisfied, and related revenue recognized, at a point in time. Payment for service charges on deposit accounts is primarily received immediately or in the following month through a direct charge to customers’ accounts. Debit Card and Interchange Income Debit card and interchange income is primarily comprised of interchange fees earned whenever the Bank’s debit and credit cards are processed through card payment networks, such as Visa. The Bank’s performance obligation for debit card and interchange income is generally satisfied, and the related revenue recognized, on a transactional basis. Payment is typically received immediately or in the following month. Consulting Income Consulting income is comprised of consulting revenue generated by Chartwell. Chartwell provides integrated regulatory compliance, state licensing, financial crimes prevention and enterprise risk management services that include consulting, outsourcing, testing and training solutions. Chartwell accounts for a contract after it has been approved by all parties to the arrangement, the rights of the parties are identified, payment terms are identified, the contract has commercial substance and collectability of consideration is probable. Chartwell evaluates the services promised in each contract at inception to determine whether the contract should be accounted for as having one or more performance obligations. Chartwell's services included in its contracts are distinct from one another. Chartwell determines the transaction price for each contract based upon the consideration it expects to receive for the distinct services being provided under the contract. Chartwell recognizes revenue as performance obligations are satisfied and the customer obtains control of the goods or services provided. In determining when performance obligations are satisfied, Chartwell considers factors such as contract terms, payment terms, an whether there is an alternative future use of the product or service. Consulting engagements may vary in length and scope, but will generally include the review and/or preparation of regulatory filings, business plans, financial models, and other risk management services to customers within financial industries. Revenue from consulting services is recognized upon completion of deliverables as outlined in the consulting agreement. Other Operating Income Other operating income is primarily comprised of ATM fees, wire transfer fees, travelers check fees, revenue streams such as safe deposit box rental fees, and other miscellaneous service charges. ATM fees, wire transfer fees and travelers check fees are primarily generated when a Bank’s cardholder uses a non-Bank ATM or a non-Bank cardholder uses a Bank ATM. Safe deposit box rental fees are charged to the customer on an annual basis and recognized upon receipt of payment. The Bank determined that since rentals and renewals occur fairly consistently over time, revenue is recognized on a basis consistent with the duration of the performance obligation. Other service charges include revenue from processing wire transfers, bill pay service, cashier’s checks, and other services. The Bank’s performance obligations for fees and other service charges are largely satisfied, and related revenue recognized, when the services are rendered or upon completion. Payment is typically received immediately or in the following month. The Bank’s performance obligation for the gains and losses on sales of other real estate owned is satisfied, and the related revenue recognized, after each sale of other real estate owned is closed. The following presents noninterest income, segregated by revenue streams in scope and out of scope of Topic 606, for the years ended December 31: (Dollars in thousands) 2019 2018 2017 Service charges on deposit accounts $ 1,409 $ 1,033 $ 765 Debit card and interchange income 571 647 1,258 Consulting income 921 — — Other 499 558 260 Noninterest income in scope of Topic 606 3,400 2,238 2,283 Noninterest income out of scope of Topic 606 61,204 36,402 38,423 Total noninterest income $ 64,604 $ 38,640 $ 40,706

BUSINESS COMBINATION

BUSINESS COMBINATION	12 Months Ended
	Dec. 31, 2019
Business Combinations [Abstract]
BUSINESS COMBINATION	BUSINESS COMBINATION On September 13, 2019 the Bank purchased full equity rights of Chartwell Compliance headquartered in Bethesda, Maryland. Purchase consideration for the acquisition totaled $4.1 million, including a cash payment of $3.1 million and the delivery $1.0 million of MVB common stock. Additionally, contingent consideration will be given to the previous owners if outlined future financial conditions of the company are met. Management estimated the fair value of the earnout utilizing the Black- Scholes option pricing model. Chartwell Compliance provides integrated regulatory compliance, state licensing, financial crimes prevention and enterprise risk management services that include consulting, outsourcing, testing and training solutions. As a stand-alone subsidiary of MVB Bank, Inc., Chartwell Compliance will expand its services to both Fintech and bank clients. Chartwell will coordinate with MVB Bank’s current compliance officers and be charged to help create and implement strategy and provide expert compliance resources to aid MVB in carrying out stringent and faster new client due diligence. Chartwell also will conduct enhanced monitoring and testing of clients. The Company has accounted for the purchases under the acquisition method of accounting in accordance with FASB ASC topic 805, “Business Combinations,” whereby the acquired assets and liabilities were recorded by the Bank at their estimated fair values as of their acquisition date. The acquired assets and assumed liabilities of Chartwell Compliance were measured at estimated fair value. Management made significant estimates and exercised significant judgment in accounting for the acquisition of Chartwell Compliance. The following table provides the purchase price as of the acquisition date, the identifiable assets acquired and liabilities assumed at their estimated fair values, and the resulting goodwill of $1.2 million recorded from the acquisition. (Dollars in thousands) As of September 13, 2019 Purchase price consideration: Cash consideration $ 3,077 Closing MVB shares 1,033 Total purchase consideration $ 4,110 Assets acquired at fair value: Cash and cash equivalents $ 426 Accounts receivable 165 Furniture and equipment, net 4 Intangibles, net 3,220 Total fair value of assets acquired $ 3,815 Liabilities assumed at fair value: Other liabilities $ 855 Total fair value of liabilities acquired $ 855 Net assets acquired at fair value: $ 2,960 Amount of goodwill resulting from acquisition $ 1,150

SUBSEQUENT EVENT

SUBSEQUENT EVENT	12 Months Ended
	Dec. 31, 2019
Subsequent Events [Abstract]
SUBSEQUENT EVENT	SUBSEQUENT EVENTOn March 2, 2020, the Bank and PMG (dba MVB Mortgage), entered into an Agreement by and among the Bank, PMG, Intercoastal Mortgage Company, a Virginia corporation (“Intercoastal”), and each of H. Edward Dean, III, Tom Pyne and Peter Cameron, providing for the combination of the mortgage origination services businesses of PMG and Intercoastal.Pursuant to the terms of the Agreement, on the closing date, Intercoastal will convert into a Virginia limited liability company and PMG will contribute substantially all of its assets and liabilities associated with its mortgage operations to Intercoastal as a capital contribution, in exchange for common units of Intercoastal, representing 47% of the common interest of Intercoastal, as well as $7.5 million in preferred units (the “Transaction”). The completion of the Transaction is subject to certain regulatory approvals, conditions precedent and normal customary closing conditions. Subject to the satisfaction of such conditions, the Transaction is expected to close in the second quarter of 2020. In the Agreement, the Bank, MVB Mortgage, and Intercoastal have made customary representations, warranties, and covenants, including covenants to enter into ancillary agreements related to the Transaction and the operation of the business following the completion of the Transaction. MVB will recognize its ownership as a fair value equity investment and will no longer consolidate MVB Mortgage’s financial results.

SUMMARY OF SIGNIFICANT ACCOUN_2

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	12 Months Ended
	Dec. 31, 2019
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, MVB Insurance, MVB CDC, and Chartwell. These statements have been prepared in accordance with U.S. generally accepted accounting principles (“GAAP”). 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,
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 GAAP 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 Investment securities at the time of purchase are classified as one of the following: Available-for-Sale Securities - Includes debt 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. Equity Securities - Includes equity securities that are adjusted to fair value on a monthly basis, with the change in value recorded directly on the income statement. The Company has chosen to measure the equity securities without readily determinable fair values at cost minus impairment, if any, plus or minus changes resulting from observable price changes for underlying transactions for identical or similar investments of new issues. 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. If 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. 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 (“FHLB”) represents ownership in an institution which is wholly owned by other financial institutions. These equity securities are accounted for at cost, less impairment 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 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 Hedges	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 into 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
Interest Rate Cap	Interest Rate CapThe Company 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 SwapBeginning 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.
Fair Value Hedge	Fair Value HedgeThe Company entered into an interest rate swap designated as a fair value hedge to mitigate the effect of changing interest rates on the fair values of certain designated fixed-rate loans and available for sale securities. This involves the receipt of variable amounts from a counterparty in exchange for the Company making fixed payments over the life of the agreements without the exchange of the underlying notional amount. The gain or loss on the derivative as well as the offsetting gain or loss on the hedged item attributable to the hedged risk are recognized in earnings. The Company entered into a pay-fixed/receive-variable interest rate swap in January 2019 with a notional amount of $30.0 million and $45.0 million at December 31, 2019 and 2018, respectively, which was designated as a fair value hedge associated with the Company’s fixed-rate loan program and certain available for sale securities.
Mortgage Servicing Rights	Mortgage Servicing RightsMortgage 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, 2019 or 2018. 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 charge. 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, 2019. 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, 2019 and 2018. As of December 31, 2019 and 2018, the Company had goodwill of $19.6 million and $18.5 million, respectively.
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, 2019 and 2018, the Bank holds $15.0 million and $11.3 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 2019 and 2018.
Foreclosed Assets Held for Resale	Foreclosed Assets Held for ResaleForeclosed 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. Subsequent declines in fair value and gains or losses on sale are 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 TaxesThe 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 bases 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 CompensationCompensation cost is recognized for stock options and restricted stock units (“RSU’s”) 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 ShareThe 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
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.
Marketing Costs	Marketing CostsMarketing 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
Reclassifications	Reclassifications Certain amounts in the 2018 and 2017 consolidated financial statements have been reclassified to conform to the 2019 financial statement presentation.
Recent Accounting Pronouncements and Developments	Recent Accounting Pronouncements and Developments In August 2018, the Financial Accounting Standards Board (“FASB”) issued ASU 2018-14, Compensation – Retirement Benefits – Defined Benefit Plans – General (Subtopic 715-20): Disclosure Framework – Changes to the Disclosure Requirement for Defined Benefit Plans , which modifies the disclosure requirements for employers that sponsor defined benefit pension or other postretirement plans. The updates in this ASU are part of the disclosure framework project ASU 2018-14 and modify the disclosure requirements under ASC 715-201 for employers that sponsor defined benefit pension or other postretirement plans. Those modifications include the removal, addition, and of disclosure requirements as well as clarifying specific disclosure requirements. The ASU removed the following disclosures: 1) the amounts in accumulated other comprehensive income expected to be recognized as components of net periodic benefit cost over the next fiscal year; 2) the amount and timing of plan assets expected to be returned to the employer; 3) the disclosures related to the June 2001 amendments to the Japanese Welfare Pension Insurance Law; 4) related party disclosures about the amount of future annual benefits covered by insurance and annuity contracts and significant transactions between the employer or related parties and the plan; 5) for nonpublic entities, the reconciliation of the opening balances to the closing balances of plan assets measured on a recurring basis in Level 3 of the fair value hierarchy; however, nonpublic entities will be required to disclose separately the amounts of transfers into and out of Level 3 of the fair value hierarchy and purchases of Level 3 plan assets and 6) for public entities, the effects of a one-percentage-point change in assumed health care cost trend rates on the (i) aggregate of the service and interest cost components of net periodic benefit costs and (ii) benefit obligation for postretirement health care benefits. The ASU added the following disclosures: 1) the weighted-average interest crediting rates for cash balance plans and other plans with promised interest crediting rates and 2) an explanation of the reasons for significant gains and losses related to changes in the benefit obligation for the period. The ASU then clarified the following disclosures: 1) the projected benefit obligation (“PBO”) and fair value of plan assets for plans with PBOs more than plan assets; and 2) the accumulated benefit obligation (“ABO”) and fair value of plan assets for plans with ABOs more than plan assets. ASU 2018-14 will be effective for public business entities for fiscal years ending after December 15, 2020. The Company is currently evaluating the impact of the pending adoption on its consolidated financial statements. In August 2018, the FASB issued ASU 2018-13, Fair Value Measurement (Topic 820): Disclosure Framework – Changes to the Disclosure Requirements for Fair Value Measurement. The updates in this ASU are part of the disclosure framework project and modify the disclosure requirements on fair value measurements in Topic 820, Fair Value Measurement. The modifications include additions, modification, and removal of disclosure requirements. The ASU removed the following disclosure requirements: 1) the amount of and reasons for transfers between Level 1 and Level 2 of the fair value hierarchy, 2) the policy for timing of transfers between levels, 3) the valuation process for Level 3 fair value measurements, and 4) for nonpublic entities, the changes in unrealized gains and losses for the period included in earnings for recurring Level 3 fair value measurements held at the end of the reporting period. The ASU added the following disclosure requirements: 1) the changes in unrealized gains and losses for the period included in other comprehensive income for recurring Level 3 fair value measurements held at the end of the reporting period; and 2) the range and weighted average of significant unobservable inputs used to develop Level 3 fair value measurements. For certain unobservable inputs, an entity may disclose other quantitative information (such as the median or arithmetic average) in lieu of the weighted average if the entity determines that other quantitative information would be a more reasonable and rational method to reflect the distribution of unobservable inputs used to develop Level 3 fair value measurements. The ASU also modified the following disclosure requirements: 1) in lieu of a rollforward for Level 3 fair value measurements, a nonpublic entity is required to disclose transfers into and out of Level 3 of the fair value hierarchy and purchases and issues of Level 3 assets and liabilities; 2) for investments in certain entities that calculate net asset value, an entity is required to disclose the timing of liquidation of an investee's assets and the date when restrictions from redemption might lapse only if the investee has communicated the timing to the entity or announced the timing publicly; and 3) clarification that the measurement uncertainty disclosure is to communicate information about the uncertainty in measurement as of the reporting date. ASU 2018-13 is effective for public business entities for fiscal years and interim periods within those years beginning after December 15, 2019. The Company is currently evaluating the impact of the pending adoption on its consolidated financial statements. In February 2018, the FASB issued ASU 2018-02, Income Statement - Reporting Comprehensive Income (Topic 220): Reclassification of Certain Tax Effects from Accumulated Other Comprehensive Income . This 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 amendments in the ASU are effective for fiscal years beginning after December 15, 2018, including interim periods within those fiscal years. The Company elected to early adopt ASU 2018-02 during the first quarter of 2018 and elected to reclassify the income tax effects of the Tax Reform Act from AOCI to retained earnings. 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 amounted to $646 thousand. In August 2017, the FASB issued ASU 2017-12, Targeted Improvements to Accounting for Hedging Activities , which amends the existing hedge accounting model and expands an entity’s ability to hedge nonfinancial and financial risk components and reduce complexity in fair value hedges of interest-rate risk. The ASU eliminates the requirement to separately measure and report hedge ineffectiveness and generally requires the entire change in the fair value of a hedging instrument to be presented in the same income statement line as the hedged item. The ASU also changes certain documentation and assessment requirements and modifies the accounting for components excluded from the assessment of hedge effectiveness. This ASU is effective for public business entities for fiscal years beginning after December 15, 2018, with early adoption permitted. The Company adopted this ASU in accordance with paragraph ASC 815-20-65-3 subpart C. The adoption of this ASU did not have a significant impact on the Company’s financial condition, results of operations and consolidated financial statements. The Company can now employ additional hedging strategies as described above, including the ability to apply fair value hedge accounting to a specified pool of assets by excluding the portion of the hedged items related to prepayments, defaults and other events. This allows the Company to better align its accounting and the financial reporting of its hedging activities with their economic objectives thereby reducing the earnings volatility resulting from these hedging activities. 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 is effective for fiscal years beginning after December 15, 2018, including all interim periods within those fiscal years. The adoption of this guidance was not material to the consolidated financial statements, as was always 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 is effective for fiscal years beginning after December 15, 2019, including all interim periods within those fiscal years, with early adoption permitted for interim or annual goodwill impairment tests performed on testing dates after January 1, 2017. The Company early adopted this guidance effective January 1, 2019 and 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 and subsequent amendments to the initial guidance in November 2018, ASU 2018-19, Codification Improvements to Topic 326, Financial Instruments – Credit Losses , in April 2019, ASU 2019-04, Codification Improvements to Topic 326, Financial Instruments – Credit Losses, Topic 815, Derivatives and Hedging, and Topic 825, Financial Instruments , in May 2019, ASU 2019-05, Financial Instruments – Credit Losses, Topic 326, and in November 2019, ASU 2019-10, Financial Instruments – Credit Losses (Topic 326), Derivatives and Hedging (Topic 815), and Leases (Topic 842): Effective Dates, and ASU 2019-11, Codification Improvements to Topic 326, Financial Instruments – Credit Losses , all of which clarifies codification and corrects unintended application of the guidance. 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 was initially effective for fiscal years beginning after December 15, 2019 and interim periods within those fiscal years. The Company has formed an implementation team led by the CFO, that also includes other lines of business and functions within the Company. The Company has also 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 in the development of models that can meet the requirements of the new guidance. While this standard may potentially have a material impact on the Company’s consolidated financial statements, we are still in the process of completing our evaluation. In July 2019, the FASB proposed changes to the effective date for smaller reporting companies, as defined by the SEC, and other non-SEC reporting entities. The proposal would delay the effective date to fiscal years beginning after December 31, 2022, including interim periods within those fiscal periods. As the Company is a smaller reporting company for fiscal year 2019, the proposed delay would be applicable. On November 15, 2019, the FASB issued ASU 2019-10, Financial Investments – Credit Issues (Topic 326), Derivatives and Hedging (Topic 815), and Leases (Topic 842): Effective Dates, which finalizes a delay in the effective date of the standard for smaller reporting companies until January 2023. In February 2016, the FASB issued ASU 2016-02, Leases (Topic 842) and subsequent amendments to the initial guidance in September 2017, ASU 2017-13, Revenue Recognition (Topic 605), Revenue from Contracts with Customers (Topic 606), Leases (Topic 840), and Leases (Topic 842): Amendments to SEC Paragraphs Pursuant to the Staff Announcement at the July 20, 2017 EITF Meeting and Rescission of Prior SEC Staff Announcements and Observer Comments (SEC Update) , in January 2018, ASU 2018-10, C odification Improvements to Topic 842, Leases, in July 2018, ASU 2018-11, Leases (Topic 842): Targeted Improvements , in December 2018, ASU 2019-01, Leases (Topic 842): Codification Improvements in March 2019, and in November 2019, ASU 2019-10, Financial Instruments – Credit Losses (Topic 326), Derivatives and Hedging (Topic 815), and Leases (Topic 842): Effective Dates . 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. ASU 2016-02 initially required transition using a modified retrospective approach for leases existing at, or entered into after, the beginning of the earliest comparative period presented in the financial statements. In July 2018, the FASB issued ASU 2018-11, Leases (Topic 842) - Targeted Improvements , which, among other things, provides an additional transition method that would allow entities to not apply the guidance in ASU 2016-02 in the comparative periods presented in the financial statements and instead recognize a cumulative-effect adjustment to the opening balance of retained earnings in the period of adoption. In December 2018, the FASB also issued ASU 2018-20, Leases (Topic 842) - Narrow Scope Improvements , for Lessors which provides certain policy elections and changes lessor accounting for sales and similar taxes and certain lessor costs. Upon the adoption of ASU 2016-02, ASU 2018-11, and ASU 2018-20 on January 1, 2019, the Company recognized right-of-use assets and related lease liabilities totaling $12.9 million and $15.7 million, respectively. The initial balance sheet gross up upon adoption was primarily related to operating leases of certain real estate properties and financing leases of certain office equipment. The Company has no material subleases or leasing arrangements for which it is the lessor of property or equipment. The Company applied certain practical expedients provided under ASU 2016-02 whereby the Company did reassess (i) whether any expired or existing contracts are or contain leases, (ii) the lease classification for any expired or existing leases, and (iii) initial direct costs for any existing leases. The Company did not apply the recognition requirements of ASU 2016-02 to any short-term leases (as defined by related accounting guidance). The Company accounted for lease and non-lease components separately because such amounts are readily determinable under our lease contracts and because this election resulted in a lower impact on our balance sheet. The Company utilized the modified-retrospective transition approach prescribed by ASU 2018-11. 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 (except those accounted for under the equity method of accounting or those that result in consolidation of the investee) to be measured at fair value with changes in fair value recognized in net income. However, an entity may choose to measure equity investments that do not have readily determinable fair values at cost minus impairment, if any, plus or minus changes resulting from observable price changes in orderly transactions for the identical or a similar investment of the same issuer; 2) simplify the impairment assessment of equity investments without readily-determinable fair values by requiring a qualitative assessment to identify impairment. When a qualitative assessment indicates that impairment exists, an entity is required to measure the investment at fair value; 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- In May 2014, the FASB issued ASU 2014-09, Revenue from Contracts with Customers (Topic 606)

SUMMARY OF SIGNIFICANT ACCOUN_3

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)	12 Months Ended
	Dec. 31, 2019
Accounting Policies [Abstract]
Earnings Per Share	For the years ended December 31, (Dollars in thousands except shares and per share data) 2019 2018 2017 Numerator for basic earnings per share: Net Income from continuing operations $ 26,564 $ 12,003 $ 7,575 Less: Dividends on preferred stock 479 489 498 Net Income from continuing operations available to common shareholders - basic 26,085 11,514 7,077 Net Income from discontinued operations available to common shareholders - basic and diluted 427 — — Net Income available to common shareholders $ 26,512 $ 11,514 $ 7,077 Numerator for diluted earnings per share: Net Income from continuing operations available to common shareholders - basic $ 26,085 $ 11,514 $ 7,077 Add: Dividends on preferred stock — 489 — Add: Interest on subordinated debt (tax effected) — 753 — Net Income available to common shareholders from continuing operations - diluted $ 26,085 $ 12,756 $ 7,077 Denominator: Total average shares outstanding 11,713,885 11,030,984 10,308,738 Effect of dilutive convertible preferred stock — 489,625 — Effect of dilutive convertible subordinated debt — 837,500 — Effect of dilutive stock options and restricted stock units 330,782 363,894 131,490 Total diluted average shares outstanding 12,044,667 12,722,003 10,440,228 Earnings per share from continuing operations - basic $ 2.22 $ 1.04 $ 0.69 Earnings per share from discontinued operations - basic $ 0.04 $ — $ — Earnings per common shareholder - basic $ 2.26 $ 1.04 $ 0.69 Earnings per share from continuing operations - diluted $ 2.16 $ 1.00 $ 0.68 Earnings per share from discontinued operations - diluted $ 0.04 $ — $ — Earnings per common shareholder - diluted $ 2.20 $ 1.00 $ 0.68
Assets and Liabilities of Branches Held for Sale	Assets to be acquired and liabilities to be assumed are summarized as follows: (Dollars in thousands) As of December 31, 2019 Loans $ 42,916 Premises and equipment, net 3,638 Assets of branches held for sale $ 46,554 Noninterest-bearing deposits $ 19,251 Interest-bearing deposits 169,019 Deposits of branches held for sale $ 188,270

INVESTMENT SECURITIES (Tables)

INVESTMENT SECURITIES (Tables)	12 Months Ended
	Dec. 31, 2019
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, 2019 are summarized as follows: (Dollars in thousands) Amortized Cost Unrealized Gain Unrealized Loss Fair Value U. S. Agency securities $ 52,046 $ 199 $ (249) $ 51,996 U.S. Sponsored Mortgage-backed securities 58,748 188 (624) 58,312 Municipal securities 108,750 4,399 (57) 113,092 Total debt securities 219,544 4,786 (930) 223,400 Other securities 12,247 181 (7) 12,421 Total investment securities available-for-sale $ 231,791 $ 4,967 $ (937) $ 235,821 Amortized cost and fair values of investment securities available-for-sale at December 31, 2018 are summarized as follows: (Dollars in thousands) Amortized Cost Unrealized Gain Unrealized Loss Fair Value U. S. Agency securities $ 79,041 $ 14 $ (1,625) $ 77,430 U.S. Sponsored Mortgage-backed securities 52,154 — (2,039) 50,115 Municipal securities 84,747 206 (1,192) 83,761 Total debt securities 215,942 220 (4,856) 211,306 Equity and other securities 10,308 68 (68) 10,308 Total investment securities available-for-sale $ 226,250 $ 288 $ (4,924) $ 221,614 The following table summarizes amortized cost and fair values of debt securities by maturity: December 31, 2019 Available for sale (Dollars in thousands) Amortized Cost Fair Value Within one year $ 90 $ 91 After one year, but within five 15,943 16,086 After five years, but within ten 34,460 35,547 After ten years 169,050 171,677 Total $ 219,544 $ 223,400
Investments in an Unrealized Loss Position	The following table discloses investments in an unrealized loss position at December 31, 2019: (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 (26) $ 8,160 $ (59) $ 15,399 $ (190) U.S. Sponsored Mortgage-backed securities (40) 16,660 (170) 27,498 (454) Municipal securities (13) 6,018 (40) 828 (17) Other securities (2) 1,093 (7) — — $ 31,931 $ (276) $ 43,725 $ (661) The following table discloses investments in an unrealized loss position at December 31, 2018: (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 (54) $ 9,762 $ (123) $ 63,740 $ (1,502) U.S. Sponsored Mortgage-backed securities (42) 2,360 (32) 47,755 (2,007) Municipal securities (78) 5,936 (46) 35,955 (1,146) Other securities (2) 2,452 (48) 1,018 (20) $ 20,510 $ (249) $ 148,468 $ (4,675)

LOANS AND ALLOWANCE FOR LOAN _2

LOANS AND ALLOWANCE FOR LOAN LOSSES (Tables)	12 Months Ended
	Dec. 31, 2019
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) 2019 2018 Commercial and Non-Residential Real Estate $ 1,063,828 $ 941,033 Residential 271,604 294,929 Home Equity 35,106 59,015 Consumer 3,697 9,605 Total Loans 1,374,235 1,304,582 Deferred loan origination costs and (fees), net 306 (216) Loans receivable $ 1,374,541 $ 1,304,366
Primary Segments of the Loan Portfolio	The following table summarizes the primary segments of the loan portfolio as of December 31, 2019 and 2018: (Dollars in thousands) Commercial Residential Home Equity Consumer Total December 31, 2019 Individually evaluated for impairment $ 7,401 $ 1,953 $ 95 $ 34 $ 9,483 Collectively evaluated for impairment 1,056,427 269,651 35,011 3,663 1,364,752 Total Loans $ 1,063,828 $ 271,604 $ 35,106 $ 3,697 $ 1,374,235 December 31, 2018 Individually evaluated for impairment $ 9,734 $ 2,831 $ 123 $ 90 $ 12,778 Collectively evaluated for impairment 931,299 292,098 58,892 9,515 1,291,804 Total Loans $ 941,033 $ 294,929 $ 59,015 $ 9,605 $ 1,304,582
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, 2019 and 2018: 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, 2019 Commercial Commercial Business $ 2,606 $ 249 $ 644 $ 3,250 $ 4,308 Commercial Real Estate 1,786 325 295 2,081 2,171 Acquisition & Development — — 2,070 2,070 3,467 Total Commercial 4,392 574 3,009 7,401 9,946 Residential — — 1,953 1,953 2,045 Home Equity — — 95 95 100 Consumer — — 34 34 35 Total Impaired Loans $ 4,392 $ 574 $ 5,091 $ 9,483 $ 12,126 December 31, 2018 Commercial Commercial Business $ 4,885 $ 668 $ 387 $ 5,272 $ 5,292 Commercial Real Estate 1,842 375 396 2,238 2,300 Acquisition & Development — — 2,224 2,224 3,601 Total Commercial 6,727 1,043 3,007 9,734 11,193 Residential — — 2,831 2,831 2,882 Home Equity — — 123 123 123 Consumer — — 90 90 316 Total Impaired Loans $ 6,727 $ 1,043 $ 6,051 $ 12,778 $ 14,514
Average Recorded Investment in Impaired Loans and Related Interest Income Recognized	December 31, 2019 December 31, 2018 December 31, 2017 (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 $ 3,202 $ — $ — $ 4,052 $ 51 $ 106 $ 3,718 $ 155 $ 113 Commercial Real Estate 3,220 162 140 6,416 159 94 3,199 100 98 Acquisition & Development 2,151 123 131 1,367 106 8 3,429 9 13 Total Commercial 8,573 285 271 11,835 316 208 10,346 264 224 Residential 2,719 16 16 2,569 20 14 1,424 13 53 Home Equity 154 2 2 100 2 1 538 1 1 Consumer 45 — — 149 — — 187 — — Total $ 11,491 $ 303 $ 289 $ 14,653 $ 338 $ 223 $ 12,495 $ 278 $ 278
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, 2019 and 2018: (Dollars in thousands) Pass Special Mention Substandard Doubtful Total December 31, 2019 Commercial Commercial Business $ 511,590 $ 17,398 $ 11,894 $ — $ 540,882 Commercial Real Estate 406,712 3,564 1,494 — 411,770 Acquisition & Development 106,428 1,869 2,879 — 111,176 Total Commercial 1,024,730 22,831 16,267 — 1,063,828 Residential 267,367 1,946 2,177 114 271,604 Home Equity 34,641 383 82 — 35,106 Consumer 3,613 56 28 — 3,697 Total Loans $ 1,330,351 $ 25,216 $ 18,554 $ 114 $ 1,374,235 December 31, 2018 Commercial Commercial Business $ 432,589 $ 5,290 $ 5,652 $ — $ 443,531 Commercial Real Estate 371,309 2,071 2,181 — 375,561 Acquisition & Development 118,754 179 2,879 129 121,941 Total Commercial 922,652 7,540 10,712 129 941,033 Residential 290,602 2,608 1,600 119 294,929 Home Equity 58,100 876 39 — 59,015 Consumer 9,359 164 19 63 9,605 Total Loans $ 1,280,713 $ 11,188 $ 12,370 $ 311 $ 1,304,582
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, 2019 and 2018: (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, 2019 Commercial Commercial Business $ 537,602 $ 3,189 $ 47 $ 44 $ 3,280 $ 540,882 $ 2,848 $ — Commercial Real Estate 411,070 522 178 — 700 411,770 295 — Acquisition & Development 110,717 180 — 279 459 111,176 390 — Total Commercial 1,059,389 3,891 225 323 4,439 1,063,828 3,533 — Residential 267,515 3,003 549 537 4,089 271,604 1,461 — Home Equity 34,382 545 84 95 724 35,106 95 — Consumer 3,610 1 58 28 87 3,697 34 — Total Loans $ 1,364,896 $ 7,440 $ 916 $ 983 $ 9,339 $ 1,374,235 $ 5,123 $ — December 31, 2018 Commercial Commercial Business $ 432,097 $ 6,380 $ 1,746 $ 3,308 $ 11,434 $ 443,531 $ 3,684 $ — Commercial Real Estate 374,880 681 — — 681 375,561 385 — Acquisition & Development 121,644 — — 297 297 121,941 426 — Total Commercial 928,621 7,061 1,746 3,605 12,412 941,033 4,495 — Residential 291,665 1,000 760 1,504 3,264 294,929 2,442 — Home Equity 58,575 400 40 — 440 59,015 84 — Consumer 9,485 28 10 82 120 9,605 82 — Total Loans $ 1,288,346 $ 8,489 $ 2,556 $ 5,191 $ 16,236 $ 1,304,582 $ 7,103 $ —
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, 2018 $ 8,605 $ 1,405 $ 684 $ 245 $ 10,939 Charge-offs (998) — — (10) (1,008) Recoveries 1 1 4 49 55 Provision 2,490 (134) (361) (206) 1,789 ALL balance at December 31, 2019 $ 10,098 $ 1,272 $ 327 $ 78 $ 11,775 Individually evaluated for impairment $ 574 $ — $ — $ — $ 574 Collectively evaluated for impairment $ 9,524 $ 1,272 $ 327 $ 78 $ 11,201 (Dollars in thousands) Commercial Residential Home Equity Consumer Total ALL balance at December 31, 2017 $ 7,804 $ 1,119 $ 705 $ 250 $ 9,878 Charge-offs (1,024) (166) — (290) (1,480) Recoveries 15 22 59 5 101 Provision 1,810 430 (80) 280 2,440 ALL balance at December 31, 2018 $ 8,605 $ 1,405 $ 684 $ 245 $ 10,939 Individually evaluated for impairment $ 1,043 $ — $ — $ — $ 1,043 Collectively evaluated for impairment $ 7,562 $ 1,405 $ 684 $ 245 $ 9,896 (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
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, 2019 and 2018. New TDR’s 1 December 31, 2019 December 31, 2018 (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 2 $ 336 $ 333 2 $ 272 $ 210 Commercial Real Estate — — — 1 11 11 Acquisition & Development — — — 1 1,798 1,798 Total Commercial 2 336 333 4 2,081 2,019 Residential 3 246 323 — — — Home Equity — — — 1 39 39 Consumer — — — 1 10 8 Total 5 $ 582 $ 656 6 $ 2,130 $ 2,066 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, 2019
Property, Plant and Equipment [Abstract]
Schedule of Premises and Equipment	Premises and equipment at December 31, were as follows: (Dollars in thousands) 2019 2018 Land $ 3,257 $ 3,934 Buildings and improvements 14,574 17,235 Furniture, fixtures and equipment 16,869 14,293 Construction in progress 1,019 2,642 Leasehold improvements 2,207 1,670 37,926 39,774 Accumulated depreciation (15,952) (13,229) Net premises and equipment $ 21,974 $ 26,545
Summary of Lease Cost	Lease costs were as follows: (Dollars in thousands) December 31, 2019 Amortization of right-of-use assets, finance leases $ 77 Interest on lease liabilities, finance leases 6 Operating lease cost 2,120 Short-term lease cost 72 Variable lease cost 38 Total lease cost $ 2,313
Summary of Finance Lease Liability	Future minimum payments for finance leases and operating leases with initial or remaining terms of one year or more are as follows: December 31, 2019 (Dollars in thousands) Finance Leases Operating Leases 2020 $ 77 $ 1,891 2021 77 1,792 2022 51 1,730 2023 — 1,452 2024 — 1,371 2025 and thereafter — 10,000 Total future minimum lease payments $ 205 $ 18,236 Less: Amounts representing interest (7) (3,642) Present value of net future minimum lease payments $ 198 $ 14,594
Summary of Operating Lease Liability	Future minimum payments for finance leases and operating leases with initial or remaining terms of one year or more are as follows: December 31, 2019 (Dollars in thousands) Finance Leases Operating Leases 2020 $ 77 $ 1,891 2021 77 1,792 2022 51 1,730 2023 — 1,452 2024 — 1,371 2025 and thereafter — 10,000 Total future minimum lease payments $ 205 $ 18,236 Less: Amounts representing interest (7) (3,642) Present value of net future minimum lease payments $ 198 $ 14,594

DEPOSITS (Tables)

DEPOSITS (Tables)	12 Months Ended
	Dec. 31, 2019
Deposits [Abstract]
Schedule of Deposits	Deposits at December 31, were as follows: (Dollars in thousands) 2019 2018 Demand deposits of individuals, partnerships, and corporations Noninterest bearing demand $ 278,547 $ 213,597 Interest bearing demand 351,435 376,398 Savings and money markets 363,026 317,697 Time deposits including CDs and IRAs 272,034 401,462 Total deposits $ 1,265,042 $ 1,309,154 Time deposits that meet or exceed the FDIC insurance limit $ 8,955 $ 15,280
Maturities of Time Deposits	Maturities of time deposits at December 31, 2019 were as follows (Dollars in thousands): 2020 $ 223,633 2021 10,495 2022 19,074 2023 11,947 2024 6,885 Total $ 272,034

BORROWED FUNDS (Tables)

BORROWED FUNDS (Tables)	12 Months Ended
	Dec. 31, 2019
Debt Disclosure [Abstract]
Information Related to Short-term Borrowings	Information related to short-term borrowings is summarized as follows: (Dollars in thousands) 2019 2018 2017 Balance at end of year $ 192,063 $ 212,395 $ 149,596 Average balance during the year 187,226 171,117 100,969 Maximum month-end balance 240,811 264,297 220,097 Weighted-average rate during the year 2.24 % 2.27 % 1.16 % Weighted-average rate at December 31 1.81 % 2.62 % 1.61 %
Information Related To Repurchase Agreements	Information related to repurchase agreements is summarized as follows: (Dollars in thousands) 2019 2018 2017 Balance at end of year $ 10,172 $ 14,925 $ 22,403 Average balance during the year 11,252 18,536 25,160 Maximum month-end balance 14,655 20,903 25,972 Weighted-average rate during the year 0.43 % 0.30 % 0.30 % Weighted-average rate at December 31 0.44 % 0.16 % 0.34 %
Long-term Notes from the FHLB	Long-term notes from the FHLB as of December 31, were as follows: (Dollars in thousands) 2019 2018 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 $ 822 $ 1,741 Amortizing fixed interest rate note, originating February 2007, due February 2022, payable in monthly installments of $5 thousand, including interest of 5.22% — 751 Fixed interest rate notes, originating in November 2019, due between November 2022 and November 2024, with interest of between 1.74% and 1.81% payable monthly 30,000 — $ 30,822 $ 2,492
Information Related to Subordinated Debt	Information related to subordinated debt is summarized as follows: (Dollars in thousands) 2019 2018 2017 Balance at end of year $ 4,124 $ 17,524 $ 33,524 Average balance during the year 12,125 25,774 33,524 Maximum month-end balance 17,524 33,524 33,524 Weighted-average rate during the year 6.35 % 6.81 % 6.69 % Weighted-average rate at December 31 3.51 % 6.57 % 6.70 %
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 2020 192,092 2021 32 2022 10,761 2023 10,000 2024 10,000 Thereafter 4,124 $ 227,009

COMMITMENTS AND CONTINGENT LI_2

COMMITMENTS AND CONTINGENT LIABILITIES (Tables)	12 Months Ended
	Dec. 31, 2019
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) 2019 2018 Available on lines of credit $ 385,871 $ 329,229 Stand-by letters of credit 18,145 22,156 Other loan commitments 24,821 28,852 $ 428,837 $ 380,237

INCOME TAXES (Tables)

INCOME TAXES (Tables)	12 Months Ended
	Dec. 31, 2019
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) 2019 2018 2017 Current: Federal $ 10,450 $ 2,203 $ 2,635 State 2,101 1,031 771 $ 12,551 $ 3,234 $ 3,406 Deferred expense (benefit) Federal $ (3,716) $ 117 $ 1,268 State (237) 22 81 (3,953) 139 1,349 Income tax expense $ 8,598 $ 3,373 $ 4,755
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: 2019 2018 2017 (Dollars in thousands) Amount % Amount % Amount % Tax at Federal tax rate $ 7,353 21 % $ 3,229 21 % $ 4,369 34 % Tax effect of: State income tax 2,101 6.0 % 738 4.8 % 771 6.0 % Tax exempt earnings (856) (2.8) % (594) (3.9) % (1,031) (6.4) % Impact of deferred tax rate change $ — — % $ — — % $ 646 5.0 % $ 8,598 24.2 % $ 3,373 21.9 % $ 4,755 38.6 %
Deferred Income Tax Assets and (Liabilities)	Deferred income tax assets and (liabilities) were comprised of the following at December 31: (Dollars in thousands) 2019 2018 Allowance for loan losses $ 3,310 $ 3,084 Minimum pension liability 1,589 1,266 Unrealized loss on securities available-for-sale — 1,252 SERP/RSU 652 — Other 10 1 Gross deferred tax assets 5,561 5,603 Depreciation (1,505) (1,143) Pension (164) (138) Unrealized gain on securities available-for-sale (1,088) — Holding gain on equity securities (3,838) — Goodwill (2,134) (1,827) Gross deferred tax liabilities (8,729) (3,108) Net deferred tax (liability) asset $ (3,168) $ 2,495

RELATED PARTY TRANSACTIONS (Tab

RELATED PARTY TRANSACTIONS (Tables)	12 Months Ended
	Dec. 31, 2019
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, 2019 $ 27,971 $ 13,897 $ — $ (29,584) $ 12,284 December 31, 2018 $ 25,199 $ 48,269 $ — $ (45,497) $ 27,971

PENSION PLAN (Tables)

PENSION PLAN (Tables)	12 Months Ended
	Dec. 31, 2019
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, 2019 and 2018 is as follows: (Dollars in thousands) 2019 2018 Change in benefit obligation Benefit obligation at beginning of year $ 9,416 $ 10,058 Service cost — — Interest cost 392 352 Actuarial loss 99 348 Assumption changes 1,769 (1,127) Curtailment impact — — Benefits paid (241) (215) Benefit obligation at end of year $ 11,435 $ 9,416 Change in plan assets: Fair value of plan assets at beginning of year $ 5,238 $ 5,166 Actual return on plan assets 808 (429) Employer contribution 360 716 Benefits paid (241) (215) Fair value of plan assets at end of year $ 6,165 $ 5,238 Funded status $ (5,270) $ (4,179) Unrecognized net actuarial loss 5,883 4,687 Unrecognized prior service cost — — Prepaid pension cost recognized $ 613 $ 508 Accumulated benefit obligation $ 11,435 $ 9,416
Weighted Average Assumptions Used	At December 31, 2019, 2018 and 2017, the weighted average assumptions used to determine the benefit obligation are as follows: 2019 2018 2017 Discount rate 3.24 % 4.23 % 3.55 % Rate of compensation increase N/A N/A N/A For the years December 31, 2019, 2018 and 2017, the weighted average assumptions used to determine net periodic pension cost are as follows: 2019 2018 2017 Discount rate 3.24 % 3.55 % 4.05 % 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) 2019 2018 2017 Service cost $ — $ — $ — Interest cost 392 352 360 Expected return on plan assets (407) (372) (345) Amortization of prior service costs — — — Amortization of net actuarial loss 271 306 241 Net periodic pension cost $ 256 $ 286 $ 256
Pension Plan Asset Allocations	The Company’s pension plan asset allocations at December 31, 2019 and 2018 are as follows: 12/31/2019 12/31/2018 Plan Assets Cash 4 % 5 % Fixed income 23 % 24 % Alternative investments 15 % 17 % Domestic equities 33 % 31 % Foreign equities 24 % 23 % Real estate investment trusts 1 % — % 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 17, “Fair Value Measurements,” the Pension Plan’s assets at fair value as of December 31, 2019. (Dollars in thousands) Level I Level II Level III Total Assets: Cash $ 247 $ — $ — $ 247 Fixed income 1,418 — — 1,418 Alternative investments — — 925 925 Domestic equities 2,034 — — 2,034 Foreign equities 1,480 — — 1,480 Real estate investment trusts — — 61 61 Total assets at fair value $ 5,179 $ — $ 986 $ 6,165 The following table sets forth by level, within the fair value hierarchy, as defined in Note 17, “Fair Value Measurements,” the Pension Plan’s assets at fair value as of December 31, 2018. (Dollars in thousands) Level I Level II Level III Total Assets: Cash $ 262 $ — $ — $ 262 Fixed income 1,257 — — 1,257 Alternative investments — — 890 890 Domestic equities 1,624 — — 1,624 Foreign equities 1,205 — — 1,205 Total assets at fair value $ 4,348 $ — $ 890 $ 5,238
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 January 1, 2019 through December 31, 2019 $ 360 Estimated future benefit payments reflecting expected future service 2020 $ 323 2021 $ 331 2022 $ 386 2023 $ 429 2024 $ 450 2025 through 2028 $ 2,652

GOODWILL AND OTHER INTANGIBLE_2

GOODWILL AND OTHER INTANGIBLE ASSETS (Tables)	12 Months Ended
	Dec. 31, 2019
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, including core deposit intangibles, for the periods presented: Intangibles (Dollars in thousands) Goodwill Gross Accumulated Depreciation Net Balance at January 1, 2019 $ 18,480 $ 1,006 $ (456) $ 550 Goodwill and intangibles resulting from Chartwell acquisition 1,150 3,220 — 3,220 Amortization expense — — (297) (297) Balance at December 31, 2019 $ 19,630 $ 4,226 $ (753) $ 3,473 Balance at January 1, 2018 $ 18,480 $ 1,006 $ (360) $ 646 Amortization expense — — (96) (96) Balance at December 31, 2018 $ 18,480 $ 1,006 $ (456) $ 550 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
Estimated Amortization Expense for Other Intangible Assets	The table below presents estimated amortization expense for the Company’s other intangible assets (dollars in thousands): 2020 $ 706 2021 703 2022 699 2023 612 2024 328 Thereafter 425 $ 3,473

STOCK OPTIONS AND OTHER EQUIT_2

STOCK OPTIONS AND OTHER EQUITY AWARDS (Tables)	12 Months Ended
	Dec. 31, 2019
Share-based Payment Arrangement [Abstract]
Stock Option Activity	The following summarizes MVB’s stock options as of and for the year ended December 31, 2019, and the changes for the year then ended: 2019 2018 Number of Shares Weighted Average Exercise Price Number of Shares Weighted Average Exercise Price Outstanding at beginning of year 1,763,491 $ 14.36 1,681,645 $ 13.46 Granted 46,250 17.03 256,344 19.50 Exercised (210,050) 10.30 (161,298) 13.54 Forfeited/expired (6,450) 17.15 (13,200) 14.97 Outstanding at end of year 1,593,241 $ 14.96 1,763,491 $ 14.36 Exercisable at end of year 1,049,516 $ 14.41 994,598 $ 13.21 Weighted-average fair value of options granted during 2019 $ 4.22 Weighted-average fair value of options granted during 2018 $ 5.97 Weighted-average fair value of options granted during 2017 $ 4.05
Outstanding and Exercisable Options Information	The following summarizes information related to the total outstanding and exercisable stock options at December 31, 2019: 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 1,593,241 $14.96 15,586,952 5.90 1,049,516 $14.41 10,838,239 5.06
Summary of RSUs	A summary of the activity for the Company’s RSU’s for the period indicated is presented in the following table: 2019 2018 Shares Weighted Average Grant Date Fair Value Shares Weighted Average Grant Date Fair Value Balance at beginning of year 60,345 $ 19.31 — $ — Granted 122,009 15.50 62,735 19.29 Vested (9,576) 18.27 (1,368) 18.27 Forfeited (12,020) 16.72 (1,022) 19.55 Balance at end of year 160,758 $ 16.67 60,345 $ 19.31
Schedule of Unrecognized Compensation Cost	Based upon the contractual terms, this expense is expected to be recognized as follows: (Dollars in thousands) 2020 $ 778 2021 454 2022 316 2023 173 2024 68 $ 1,789
Summary of Stock-Based Compensation Expense	The amount that the Company recognized in stock-based compensation expense related to the issuance of stock options and RSU’s is presented in the following table: (Dollars in thousands) 2019 2018 2017 Stock Options $ 873 $ 936 $ 813 RSU’s 886 331 — Total Stock-based compensation expense $ 1,759 $ 1,267 $ 813

REGULATORY CAPITAL REQUIREMEN_2

REGULATORY CAPITAL REQUIREMENTS (Tables)	12 Months Ended
	Dec. 31, 2019
Banking and Thrift [Abstract]
Actual Capital Amounts and Ratios	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 with Capital Buffer 1 Minimum for Capital Adequacy Purposes (Dollars in thousands) Amount Ratio Amount Ratio Amount Ratio Amount Ratio As of December 31, 2019 Total Capital (to risk-weighted assets) Subsidiary Bank $ 201,672 12.8% $ 157,107 10.0% $ 155,143 9.88% $ 125,686 8.0% Tier 1 Capital (to risk-weighted assets) Subsidiary Bank $ 189,365 12.1% $ 125,686 8.0% $ 123,722 7.88% $ 94,264 6.0% Common Equity Tier 1 Capital (to risk-weighted assets) Subsidiary Bank $ 189,365 12.1% $ 102,120 6.5% $ 100,156 6.38% $ 70,698 4.5% Tier 1 Capital (to average assets) Subsidiary Bank $ 189,365 9.9% $ 95,227 5.0% N/A N/A $ 76,182 4.0% As of December 31, 2018 Total Capital (to risk-weighted assets) Consolidated $ 193,495 13.8% N/A N/A N/A N/A $ 112,299 8.0% Subsidiary Bank $ 186,127 13.3% $ 140,065 10.0% $ 138,314 9.88% $ 112,052 8.0% Tier 1 Capital (to risk-weighted assets) Consolidated $ 168,672 12.0% N/A N/A N/A N/A $ 84,224 6.0% Subsidiary Bank $ 174,704 12.5% $ 112,052 8.0% $ 110,301 7.88% $ 84,039 6.0% Common Equity Tier 1 Capital (to risk-weighted assets) Consolidated $ 156,714 11.2% N/A N/A N/A N/A $ 63,168 4.5% Subsidiary Bank $ 174,704 12.5% $ 91,042 6.5% $ 89,292 6.38% $ 63,029 4.5% Tier 1 Capital (to average assets) Consolidated $ 168,672 9.9% N/A N/A N/A N/A $ 68,375 4.0% Subsidiary Bank $ 174,704 10.2% $ 85,315 5.0% N/A N/A $ 68,252 4.0%

FAIR VALUE OF FINANCIAL INSTR_2

FAIR VALUE OF FINANCIAL INSTRUMENTS (Tables)	12 Months Ended
	Dec. 31, 2019
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, 2019 Financial assets: Cash and cash equivalents $ 28,002 $ 28,002 $ 28,002 $ — $ — Certificates of deposits with other banks 12,549 12,586 — 12,586 — Securities available-for-sale 235,821 235,821 — 198,562 37,259 Equity securities 18,514 18,514 — — 18,514 Loans held for sale 109,788 109,788 — 109,788 — Loans 1,362,766 1,364,706 — — 1,364,706 Mortgage servicing rights 348 348 — — 348 Interest rate lock commitment 1,660 1,660 — — 1,660 Interest rate swap 5,722 5,722 — 5,722 — Accrued interest receivable 7,909 7,909 — 1,591 6,317 Fair value hedge 1,770 1,770 — 1,770 — Financial liabilities: Deposits $ 1,265,042 $ 1,249,135 $ — $ 1,249,135 $ — Repurchase agreements 10,172 10,172 — 10,172 — FHLB and other borrowings 222,885 222,891 — 222,891 — Mortgage-backed security hedges 186 186 — 186 — Fair value hedge 1,418 1,418 — 1,418 — Interest rate swap 5,722 5,722 — 5,722 — Accrued interest payable 1,060 1,060 — 1,060 — Subordinated debt 4,124 4,124 — 4,124 — December 31, 2018 Financial assets: Cash and cash equivalents $ 22,221 $ 22,221 $ 22,221 $ — $ — Certificates of deposits with other banks 14,778 14,300 — 14,300 — Securities available-for-sale 221,614 221,614 — 188,492 33,122 Equity securities 9,599 9,599 6,027 3,272 300 Loans held for sale 75,807 75,807 — 75,807 — Loans 1,293,427 1,276,065 — — 1,276,065 Mortgage servicing rights 173 173 — — 173 Interest rate lock commitment 1,750 1,750 — — 1,750 Interest rate swap 1,375 1,375 — 1,375 — Interest rate cap 8 8 — 8 — Fair value hedge 343 343 — 343 — Accrued interest receivable 7,710 7,710 — 1,368 6,342 Financial liabilities: Deposits $ 1,309,154 $ 1,249,164 $ — $ 1,249,164 $ — Repurchase agreements 14,925 14,925 — 14,925 — FHLB and other borrowings 214,887 214,969 — 214,969 — Mortgage-backed security hedges 853 853 — 853 — Interest rate swap 1,375 1,375 — 1,375 — Accrued interest payable 1,064 1,064 — 1,064 — Subordinated debt 17,524 18,250 — 18,250 —

FAIR VALUE MEASUREMENTS (Tables

FAIR VALUE MEASUREMENTS (Tables)	12 Months Ended
	Dec. 31, 2019
Fair value of assets and liabilities
Schedule of Recurring Level III Assets	(Dollars in thousands) Interest Rate Lock Commitments Municipal Securities Equity Securities Total Balance at December 31, 2018 $ 1,750 $ 33,122 $ 300 $ 35,172 Realized and unrealized gains included in earnings (90) — — (90) Purchase of securities — 842 — 842 Reclassification to nonrecurring assets — — (300) (300) Unrealized gain included in other comprehensive income (loss) — 18,128 — 18,128 Unrealized loss included in other comprehensive income (loss) — (14,833) — (14,833) Balance at December 31, 2019 $ 1,660 $ 37,259 $ — $ 38,919 Balance at December 31, 2017 $ 1,426 $ 22,909 $ 900 $ 25,235 Realized and unrealized losses included in earnings 324 — — 324 Purchase of securities — 6,232 — 6,232 Transfer to Level II Assets — — (600) (600) Unrealized gain included in other comprehensive income (loss) — 4,191 — 4,191 Unrealized loss included in other comprehensive income (loss) — (210) — (210) Balance at December 31, 2018 $ 1,750 $ 33,122 $ 300 $ 35,172
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, 2019 and 2018. Quantitative Information about Level III Fair Value Measurements (Dollars in thousands) Fair Value Valuation Technique Unobservable Input Range December 31, 2019 Nonrecurring measurements: Impaired loans $ 8,909 Appraisal of collateral 1 Appraisal adjustments 2 20% - 62% Liquidation expense 2 5% - 10% Other real estate owned $ 1,397 Appraisal of collateral 1 Appraisal adjustments 2 20% - 30% Liquidation expense 2 5% - 10% Equity securities $ 18,514 Net asset value Cost minus impairment 0% Recurring measurements: Municipal securities (Local TIF bonds) $ 37,259 Appraisal of bond 3 Bond appraisal adjustment 4 5% - 15% Interest rate lock commitments $ 1,660 Pricing model Pull through rates 77% - 82% Quantitative Information about Level III Fair Value Measurements (Dollars in thousands) Fair Value Valuation Technique Unobservable Input Range December 31, 2018 Nonrecurring measurements: Impaired loans $ 11,735 Appraisal of collateral 1 Appraisal adjustments 2 20% - 62% Liquidation expense 2 5% - 10% Other real estate owned $ 2,145 Appraisal of collateral 1 Appraisal adjustments 2 20% - 30% Liquidation expense 2 5% - 10% Recurring measurements: Municipal securities (Local TIF bonds) $ 33,122 Appraisal of bond 3 Bond appraisal adjustment 4 5% - 15% Equity securities $ 300 Net asset value Cost minus impairment 0% Interest rate lock commitments $ 1,750 Pricing model Pull through rates 80% - 88% 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. 3 Fair value determined through independent analysis of liquidity, rating, yield, and duration. 4 Appraisals may be adjusted for qualitative factors, such as local economic conditions.
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, 2019 and 2018 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, 2019 (Dollars in thousands) Level I Level II Level III Total Assets: U.S. Government Agency securities $ — $ 51,996 $ — $ 51,996 U.S. Sponsored Mortgage backed securities — 58,312 — 58,312 Municipal securities — 75,833 37,259 113,092 Other securities — 12,421 — 12,421 Loans held for sale — 109,788 — 109,788 Interest rate lock commitment — — 1,660 1,660 Interest rate swap — 5,722 — 5,722 Fair value hedge — 1,770 — 1,770 Liabilities: Interest rate swap — 5,722 — 5,722 Fair value hedge — 1,418 — 1,418 Mortgage-backed security hedges — 186 — 186 December 31, 2018 (Dollars in thousands) Level I Level II Level III Total Assets: U.S. Government Agency securities $ — $ 77,430 $ — $ 77,430 U.S. Sponsored Mortgage backed securities — 50,115 — 50,115 Municipal securities — 50,639 33,122 83,761 Other securities — 10,308 — 10,308 Equity securities 6,027 3,272 300 9,599 Loans held for sale — 75,807 — 75,807 Interest rate lock commitment — — 1,750 1,750 Interest rate swap — 1,375 — 1,375 Interest rate cap — 8 — 8 Liabilities: Interest rate swap — 1,375 — 1,375 Fair value hedge — 343 — 343 Mortgage-backed security hedges — 853 — 853
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, 2019 and 2018 are included in the table below: December 31, 2019 (Dollars in thousands) Level I Level II Level III Total Impaired loans $ — $ — $ 8,909 $ 8,909 Other real estate owned — — 1,397 1,397 Equity securities — — 18,514 18,514 December 31, 2018 (Dollars in thousands) Level I Level II Level III Total Impaired loans $ — $ — $ 11,735 $ 11,735 Other real estate owned — — 2,145 2,145

COMPREHENSIVE INCOME (Tables)

COMPREHENSIVE INCOME (Tables)	12 Months Ended
	Dec. 31, 2019
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) 2019 2018 2017 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 (loss) gain $ (166) $ 327 $ 731 (Loss)/ gain on sale of securities (166) 327 731 Total before tax 44 (88) (292) Income tax expense (122) 239 439 Net of tax Defined benefit pension plan items Amortization of net actuarial loss (271) (306) (241) Salaries and benefits (271) (306) (241) Total before tax 73 83 96 Income tax expense (198) (223) (145) Net of tax Investment hedge Carrying value adjustment (44) — — Interest on investment securities - taxable (44) — — Total before tax 12 — — Income tax expense (32) — — Net of tax Total reclassifications $ (352) $ 16 $ 294
Components of Accumulated Other Comprehensive Income	(Dollars in thousands) Unrealized gains (losses) on available for-sale securities Defined benefit pension plan items Investment Hedge Total Balance at January 1, 2019 $ (3,384) $ (3,422) $ — $ (6,806) Other comprehensive income (loss) before reclassification 6,204 (1,071) — 5,133 Amounts reclassified from AOCI 122 198 32 352 Net current period OCI 6,326 (873) 32 5,485 Balance at December 31, 2019 $ 2,942 $ (4,295) $ 32 $ (1,321) Balance at January 1, 2018 $ (5) $ (2,983) $ — $ (2,988) Other comprehensive income (loss) before reclassification (3,042) (16) — (3,058) Amounts reclassified from AOCI (239) 223 — (16) Net current period OCI (3,281) 207 — (3,074) Stranded AOCI — (646) — (646) Mark to Market on equity positions held at December 31, 2017 (98) — — (98) Balance at December 31, 2018 $ (3,384) $ (3,422) $ — $ (6,806)

CONDENSED FINANCIAL STATEMENT_2

CONDENSED FINANCIAL STATEMENTS OF PARENT COMPANY (Tables)	12 Months Ended
	Dec. 31, 2019
Condensed Financial Information Disclosure [Abstract]
Condensed Balance Sheets	Information relative to the parent company’s condensed balance sheets at December 31, 2019 and 2018, and the related condensed statements of income and cash flows for the years ended December 31, 2019, 2018 and 2017 are presented below: Condensed Balance Sheets December 31, (Dollars in thousands) 2019 2018 Assets Cash $ 1,058 $ 4,449 Investment in subsidiaries 211,271 187,052 Other assets 6,397 5,036 Total assets $ 218,726 $ 196,537 Liabilities and stockholders’ equity Other liabilities $ 2,666 $ 2,240 Long-term debt 4,124 17,524 Total liabilities 6,790 19,764 Total stockholders’ equity 211,936 176,773 Total liabilities and stockholders’ equity $ 218,726 $ 196,537
Condensed Statements of Income	Year ended December 31, (Dollars in thousands) 2019 2018 2017 Income - dividends from Bank subsidiary $ 6,280 $ 8,906 $ 13,724 Expenses - operating 14,296 13,439 11,974 (Loss)/ income before income taxes and undistributed earnings - continuing operations (8,016) (4,533) 1,750 Income tax (benefit) - continuing operations (1,880) (1,569) (2,147) (Loss)/ income after tax from continuing operations (6,136) (2,964) 3,897 Income from discontinued operations 575 — — Income tax - discontinued operations 148 — — Income after tax from discontinued operations 427 — — Equity in undistributed income earnings of subsidiaries 32,700 14,967 3,678 Net Income $ 26,991 $ 12,003 $ 7,575 Preferred dividends $ 479 $ 489 $ 498 Net Income available to common shareholders $ 26,512 $ 11,514 $ 7,077
Condensed Statements of Cash Flows	(Dollars in thousands) 2019 2018 2017 OPERATING ACTIVITIES Net Income $ 26,991 $ 12,003 $ 7,575 Equity in undistributed earnings of subsidiaries (32,700) (14,967) (3,678) (Increase) decrease in other assets (4,104) 1,997 (2,214) Decrease (increase) in other liabilities 344 1,311 (234) Stock option expense 1,759 1,267 813 Net cash (used in) provided by operating activities (7,710) 1,611 2,262 INVESTING ACTIVITIES Investment in subsidiaries 16,791 (2,194) (947) Net cash provided by (used in) investing activities 16,791 (2,194) (947) FINANCING ACTIVITIES Proceeds from stock issuance 1,033 — 4,931 AOCI reclassification of pension and available-for-sale investments — 743 — Retirement of subordinated debt (12,400) (35) — Preferred stock redemption (500) — (8,500) Common stock options exercised 2,164 2,129 (10) Cash dividends paid on common stock (2,290) (1,220) (1,033) Cash dividends paid on preferred stock (479) (489) (498) Net cash (used in) provided by financing activities (12,472) 1,128 (5,110) (Decrease) increase in cash (3,391) 545 (3,795) Cash at beginning of period 4,449 3,904 7,699 Cash at end of period $ 1,058 $ 4,449 $ 3,904 Noncash common stock converted from subordinated debt $ 1,000 $ 15,965 $ —

SEGMENT REPORTING (Tables)

SEGMENT REPORTING (Tables)	12 Months Ended
	Dec. 31, 2019
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, 2019, 2018, and 2017 are as follows: 2019 (Dollars in thousands) Commercial & Retail Banking Mortgage Banking Financial Holding Company Intercompany Eliminations Consolidated Interest income $ 75,874 $ 8,342 $ 13 $ (1,868) $ 82,361 Interest expense 18,698 6,014 769 (2,520) 22,961 Net interest income 57,176 2,328 (756) 652 59,400 Provision for loan losses 1,622 167 — — 1,789 Net interest income after provision for loan losses 55,554 2,161 (756) 652 57,611 Noninterest Income: Mortgage fee income 657 41,040 — (652) 41,045 Other income 23,033 1,289 6,268 (7,031) 23,559 Total noninterest income 23,690 42,329 6,268 (7,683) 64,604 Noninterest Expenses: Salaries and employee benefits 19,067 28,432 8,676 — 56,175 Other expense 25,070 8,136 4,851 (7,031) 31,026 Total noninterest expenses 44,137 36,568 13,527 (7,031) 87,201 Income (loss) from continuing operations, before income taxes 35,107 7,922 (8,015) — 35,014 Income tax expense (benefit) - continuing operations 8,175 2,155 (1,880) — 8,450 Net income (loss) from continuing operations 26,932 5,767 (6,135) — 26,564 Income from discontinued operations — — 575 — 575 Income tax expense - discontinued operations — — 148 — 148 Net income from discontinued operations — — 427 — 427 Net income (loss) $ 26,932 $ 5,767 $ (5,708) $ — $ 26,991 Preferred stock dividends — — 479 — 479 Net income (loss) available to common shareholders $ 26,932 $ 5,767 $ (6,187) $ — $ 26,512 Capital Expenditures for the year ended December 31, 2019 $ 1,438 $ 112 $ 492 $ — $ 2,042 Total Assets as of December 31, 2019 1,953,975 248,382 216,411 (474,654) 1,944,114 Goodwill as of December 31, 2019 2,748 16,882 — — 19,630 2018 (Dollars in thousands) Commercial & Retail Banking Mortgage Banking Financial Holding Company Intercompany Eliminations Consolidated Interest income $ 63,762 $ 6,667 $ 5 $ (674) $ 69,760 Interest expense 13,667 4,085 1,756 (1,802) 17,706 Net interest income 50,095 2,582 (1,751) 1,128 52,054 Provision for loan losses 2,386 54 — — 2,440 Net interest income after provision for loan losses 47,709 2,528 (1,751) 1,128 49,614 Noninterest Income: Mortgage fee income 585 32,880 — (1,128) 32,337 Other income 6,479 (243) 6,411 (6,344) 6,303 Total noninterest income 7,064 32,637 6,411 (7,472) 38,640 Noninterest Expenses: Salaries and employee benefits 14,924 23,927 7,373 — 46,224 Other expense 20,081 8,608 4,309 (6,344) 26,654 Total noninterest expenses 35,005 32,535 11,682 (6,344) 72,878 Income (loss) before income taxes 19,768 2,630 (7,022) — 15,376 Income tax expense (benefit) 4,265 677 (1,569) — 3,373 Net income (loss) $ 15,503 $ 1,953 $ (5,453) $ — $ 12,003 Preferred stock dividends — — 489 — 489 Net income (loss) available to common shareholders $ 15,503 $ 1,953 $ (5,942) $ — $ 11,514 Capital Expenditures for the year ended December 31, 2018 $ 2,284 $ 272 $ 137 $ — $ 2,693 Total Assets as of December 31, 2018 1,753,932 165,430 196,537 (364,930) 1,750,969 Goodwill as of December 31, 2018 1,598 16,882 — — 18,480 2017 (Dollars in thousands) Commercial & Retail Banking Mortgage Banking Financial Holding Company Intercompany Eliminations Consolidated Interest income $ 52,423 $ 4,698 $ 4 $ (527) $ 56,598 Interest expense 9,118 2,317 2,241 (1,375) 12,301 Net interest income 43,305 2,381 (2,237) 848 44,297 Provision for loan losses 1,967 206 — — 2,173 Net interest income after provision for loan losses 41,338 2,175 (2,237) 848 42,124 Noninterest Income: Mortgage fee income 736 37,262 — (849) 37,149 Other income 5,866 (2,372) 5,466 (5,403) 3,557 Total noninterest income 6,602 34,890 5,466 (6,252) 40,706 Noninterest Expenses: Salaries and employee benefits 12,266 26,196 5,646 — 44,108 Other expense 19,523 8,188 4,085 (5,404) 26,392 Total noninterest expenses 31,789 34,384 9,731 (5,404) 70,500 Income (loss) before income taxes 16,151 2,681 (6,502) — 12,330 Income tax expense (benefit) 5,820 1,082 (2,147) — 4,755 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 1,533,497 149,323 184,674 (333,192) 1,534,302 Goodwill as of December 31, 2017 1,598 16,882 — — 18,480

DISCONTINUED OPERATIONS (Tables

DISCONTINUED OPERATIONS (Tables)	12 Months Ended
	Dec. 31, 2019
Discontinued Operations and Disposal Groups [Abstract]
Assets and Liabilities and Operations of Discontinued Operations	Net income from discontinued operations, net of tax, for the years ended December 31, 2019, 2018, and 2017, were as follows: (Dollars in thousands) 2019 2018 2017 NONINTEREST INCOME Other operating income 575 — — Total noninterest income 575 — — Income from discontinued operations, before income taxes 575 — — Income tax expense - discontinued operations 148 — — Net Income from discontinued operations $ 427 $ — $ —

QUARTERLY FINANCIAL DATA (UNA_2

QUARTERLY FINANCIAL DATA (UNAUDITED) (Tables)	12 Months Ended
	Dec. 31, 2019
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 2019 First quarter $ 19,623 $ 13,972 $ 3,989 $ 3,192 $ 0.26 $ 0.26 Second quarter 20,470 14,529 20,526 15,377 1.31 1.18 Third quarter 21,038 15,034 5,668 4,327 0.36 0.35 Fourth quarter 21,230 15,865 5,406 4,095 0.34 0.32 Earnings Per Share (Dollars in thousands) Interest Income Net Interest Income Income Before Taxes Net Income Basic Diluted 2018 First quarter $ 15,054 $ 11,465 $ 3,291 $ 2,594 $ 0.24 $ 0.23 Second quarter 16,944 12,655 3,596 2,831 0.25 0.25 Third quarter 18,176 13,524 4,549 3,579 0.30 0.29 Fourth quarter 19,586 14,410 3,940 2,999 0.25 0.24

REVENUE RECOGNITION (Tables)

REVENUE RECOGNITION (Tables)	12 Months Ended
	Dec. 31, 2019
Revenue from Contract with Customer [Abstract]
Disaggregation of Revenue, Noninterest Income	The following presents noninterest income, segregated by revenue streams in scope and out of scope of Topic 606, for the years ended December 31: (Dollars in thousands) 2019 2018 2017 Service charges on deposit accounts $ 1,409 $ 1,033 $ 765 Debit card and interchange income 571 647 1,258 Consulting income 921 — — Other 499 558 260 Noninterest income in scope of Topic 606 3,400 2,238 2,283 Noninterest income out of scope of Topic 606 61,204 36,402 38,423 Total noninterest income $ 64,604 $ 38,640 $ 40,706

BUSINESS COMBINATION (Tables)

BUSINESS COMBINATION (Tables)	12 Months Ended
	Dec. 31, 2019
Business Combinations [Abstract]
Summary of Net Liabilities Assumed	The following table provides the purchase price as of the acquisition date, the identifiable assets acquired and liabilities assumed at their estimated fair values, and the resulting goodwill of $1.2 million recorded from the acquisition. (Dollars in thousands) As of September 13, 2019 Purchase price consideration: Cash consideration $ 3,077 Closing MVB shares 1,033 Total purchase consideration $ 4,110 Assets acquired at fair value: Cash and cash equivalents $ 426 Accounts receivable 165 Furniture and equipment, net 4 Intangibles, net 3,220 Total fair value of assets acquired $ 3,815 Liabilities assumed at fair value: Other liabilities $ 855 Total fair value of liabilities acquired $ 855 Net assets acquired at fair value: $ 2,960 Amount of goodwill resulting from acquisition $ 1,150

SUMMARY OF SIGNIFICANT ACCOUN_4

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Other Narrative (Details)	3 Months Ended	12 Months Ended
	Mar. 31, 2018USD ($)	Dec. 31, 2019USD ($)segment$ / shares	Dec. 31, 2018USD ($)$ / shares	Dec. 31, 2017USD ($)	Sep. 13, 2019USD ($)	Jan. 01, 2019USD ($)	Dec. 31, 2016USD ($)	Dec. 31, 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		$ 348,000	173,000
Goodwill impairment		0	0
Goodwill		19,630,000	18,480,000	$ 18,480,000			$ 18,480,000
Finite-lived intangible assets, net		3,473,000	550,000	646,000			$ 744,000
Other real estate		1,400,000	2,100,000
Income tax expense (benefit)	$ 646,000	646,000
Marketing expense		1,290,000	1,141,000	$ 1,179,000
Present value of net future minimum lease payments		$ 14,594,000
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		$ 15,000,000	$ 11,300,000
FHLB stock par value (in dollars per share) | $ / shares		$ 100	$ 100
Core Deposit Intangibles
Summary of Significant Accounting Policies [Line Items]
Useful life of intangible asset		10 years
Finite-lived intangible assets, net		$ 457,000	$ 550,000
Lender Service Provider, LLC
Summary of Significant Accounting Policies [Line Items]
Ownership interest				33.00%				25.00%	50.00%
Chartwell
Summary of Significant Accounting Policies [Line Items]
Goodwill					$ 1,150,000
Finite-lived intangible assets, net		$ 3,000,000	$ 0
Chartwell | Customer Relationships
Summary of Significant Accounting Policies [Line Items]
Amortization period		5 years
Chartwell | Backlog
Summary of Significant Accounting Policies [Line Items]
Amortization period		5 years 3 months 18 days
Chartwell | Trademark
Summary of Significant Accounting Policies [Line Items]
Amortization period		15 years
Chartwell | Non-competition agreement
Summary of Significant Accounting Policies [Line Items]
Amortization period		4 years
Accounting Standards Update 2016-02
Summary of Significant Accounting Policies [Line Items]
Right-of-use asset						$ 12,900,000
Present value of net future minimum lease payments						$ 15,700,000

SUMMARY OF SIGNIFICANT ACCOUN_5

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Assets and Liabilities of Branches Held for Sale (Details) $ in Thousands	Dec. 31, 2019USD ($)	Nov. 21, 2019bank	Dec. 31, 2018USD ($)
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Assets of branches held for sale	$ 46,554		$ 0
Noninterest-bearing deposits	278,547		213,597
Interest-bearing deposits	986,495		1,095,557
Deposits of branches held for sale	188,270		$ 0
Berkeley County, WV
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Branch locations held for sale, number | bank		3
Jefferson County, WV
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Branch locations held for sale, number | bank		1
Held-for-sale
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Loans	42,916
Premises and equipment, net	3,638
Assets of branches held for sale	46,554
Noninterest-bearing deposits	19,251
Interest-bearing deposits	169,019
Deposits of branches held for sale	$ 188,270

SUMMARY OF SIGNIFICANT ACCOUN_6

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Derivative Instruments (Details)	12 Months Ended
	Dec. 31, 2019USD ($)quarter	Dec. 31, 2018USD ($)	Dec. 31, 2017USD ($)
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	$ 38,919,000	$ 35,172,000	$ 25,235,000
Interest rate cap
Derivative [Line Items]
Derivative 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]
Derivative liability	$ 0	0
Carrying Value | Interest rate lock commitment
Derivative [Line Items]
Derivative asset	1,660,000	1,750,000
Carrying Value | Interest rate cap
Derivative [Line Items]
Derivative asset	0	8,000
Carrying Value | Interest rate swap
Derivative [Line Items]
Derivative liability	5,722,000	1,375,000
Derivative asset	5,722,000	1,375,000
Carrying Value | Fair value hedge
Derivative [Line Items]
Derivative liability	1,418,000
Derivative asset	1,770,000	343,000
Derivative fair value	352,000	343,000
Estimated Fair Value | Interest rate lock commitment
Derivative [Line Items]
Derivative asset	1,660,000	1,750,000
Estimated Fair Value | Interest rate lock commitment | Level III
Derivative [Line Items]
Derivative asset	1,660,000	1,750,000
Estimated Fair Value | Interest rate cap
Derivative [Line Items]
Derivative asset		8,000
Estimated Fair Value | Interest rate cap | Level III
Derivative [Line Items]
Derivative asset		0
Estimated Fair Value | Interest rate swap
Derivative [Line Items]
Derivative liability	5,722,000	1,375,000
Derivative asset	5,722,000	1,375,000
Estimated Fair Value | Interest rate swap | Level III
Derivative [Line Items]
Derivative liability	0	0
Derivative asset	0	0
Estimated Fair Value | Fair value hedge
Derivative [Line Items]
Derivative liability	1,418,000
Derivative asset	1,770,000	343,000
Notional amount	30,000,000	45,000,000
Estimated Fair Value | Fair value hedge | Level III
Derivative [Line Items]
Derivative liability	0
Derivative asset	0	0
Loans Receivable | Interest rate lock commitment | Level III
Derivative [Line Items]
Interest rate lock commitments	$ 1,660,000	$ 1,750,000	$ 1,426,000

SUMMARY OF SIGNIFICANT ACCOUN_7

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Earnings Per Share (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended								12 Months Ended
	Dec. 31, 2019	Sep. 30, 2019	Jun. 30, 2019	Mar. 31, 2019	Dec. 31, 2018	Sep. 30, 2018	Jun. 30, 2018	Mar. 31, 2018	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Numerator for basic earnings per share:
Net Income from continuing operations									$ 26,564	$ 12,003	$ 7,575
Less: Dividends on preferred stock									479	489	498
Net Income from continuing operations available to common shareholders - basic									26,085	11,514	7,077
Net Income from discontinued operations available to common shareholders - basic and diluted									427	0	0
Net Income available to common shareholders									26,512	11,514	7,077
Numerator for diluted earnings per share:
Net Income from continuing operations available to common shareholders - basic									26,085	11,514	7,077
Add: Dividends on preferred stock									0	489	0
Add: Interest on subordinated debt (tax effected)									0	753	0
Net Income available to common shareholders from continuing operations - diluted									$ 26,085	$ 12,756	$ 7,077
Denominator:
Total average shares outstanding (in shares)									11,713,885	11,030,984	10,308,738
Effect of dilutive convertible preferred stock (in shares)									0	489,625	0
Effect of dilutive convertible subordinated debt (in shares)									0	837,500	0
Effect of dilutive stock options and restricted stock units (in shares)									330,782	363,894	131,490
Total diluted average shares outstanding (in shares)									12,044,667	12,722,003	10,440,228
Earnings per share from continuing operations - basic (in dollars per share)									$ 2.22	$ 1.04	$ 0.69
Earnings per share from discontinued operations - basic (in dollars per share)									0.04	0	0
Earnings per common shareholder - basic (in dollars per share)	$ 0.34	$ 0.36	$ 1.31	$ 0.26	$ 0.25	$ 0.30	$ 0.25	$ 0.24	2.26	1.04	0.69
Earnings per share from continuing operations - diluted (in dollars per share)									2.16	1	0.68
Earnings per share from discontinued operations - diluted (in dollars per share)									0.04	0	0
Earnings per common shareholder - diluted (in dollars per share)	$ 0.32	$ 0.35	$ 1.18	$ 0.26	$ 0.24	$ 0.29	$ 0.25	$ 0.23	$ 2.20	$ 1	$ 0.68

INVESTMENT SECURITIES - Held-to

INVESTMENT SECURITIES - Held-to-maturity (Details) - USD ($)	Dec. 31, 2019	Dec. 31, 2018
Investments, Debt and Equity Securities [Abstract]
Securities held-to-maturity	$ 0	$ 0

INVESTMENT SECURITIES - Availab

INVESTMENT SECURITIES - Available-for-sale (Details) - USD ($) $ in Thousands	Dec. 31, 2019	Dec. 31, 2018
Amortized cost and fair values of investment securities available-for-sale
Total	$ 231,791
Amortized Cost		$ 226,250
Unrealized Gain	4,967
Unrealized Gain		288
Unrealized Loss	(937)
Unrealized Loss		(4,924)
Fair Value	235,821	221,614
Securities available-for-sale		221,614
Total debt securities
Amortized cost and fair values of investment securities available-for-sale
Total	219,544	215,942
Unrealized Gain	4,786	220
Unrealized Loss	(930)	(4,856)
Fair Value	223,400	211,306
U. S. Agency securities
Amortized cost and fair values of investment securities available-for-sale
Total	52,046	79,041
Unrealized Gain	199	14
Unrealized Loss	(249)	(1,625)
Fair Value	51,996	77,430
U.S. Sponsored Mortgage-backed securities
Amortized cost and fair values of investment securities available-for-sale
Total	58,748	52,154
Unrealized Gain	188	0
Unrealized Loss	(624)	(2,039)
Fair Value	58,312	50,115
Municipal securities
Amortized cost and fair values of investment securities available-for-sale
Total	108,750	84,747
Unrealized Gain	4,399	206
Unrealized Loss	(57)	(1,192)
Fair Value	113,092	83,761
Other securities
Amortized cost and fair values of investment securities available-for-sale
Total	12,247
Unrealized Gain	181
Unrealized Loss	(7)
Fair Value	$ 12,421
Equity and other securities
Amortized cost and fair values of investment securities available-for-sale
Amortized Cost		10,308
Unrealized Gain		68
Unrealized Loss		(68)
Securities available-for-sale		$ 10,308

INVESTMENT SECURITIES - Summary

INVESTMENT SECURITIES - Summary of Maturities (Details) - USD ($) $ in Thousands	Dec. 31, 2019	Dec. 31, 2018
Available for sale, Amortized Cost
Total	$ 231,791
Available for sale, Fair Value
Total	235,821	$ 221,614
Carrying value of investment securities pledged	68,000	50,400
Total debt securities
Available for sale, Amortized Cost
Within one year	90
After one year, but within five	15,943
After five years, but within ten	34,460
After ten years	169,050
Total	219,544	215,942
Available for sale, Fair Value
Within one year	91
After one year, but within five	16,086
After five years, but within ten	35,547
After ten years	171,677
Total	$ 223,400	$ 211,306

INVESTMENT SECURITIES - Summa_2

INVESTMENT SECURITIES - Summary of Unrealized Loss Positions (Details)	3 Months Ended	12 Months Ended
	Jun. 30, 2019USD ($)	Dec. 31, 2019USD ($)security	Dec. 31, 2018USD ($)security	Dec. 31, 2017USD ($)
Investments in an unrealized loss position
Amount of pretax loss if securities in an unrealized loss position are sold		$ (937,000)
Investments in an Unrealized Loss Position
Less than 12 months, fair value		31,931,000	$ 20,510,000
Less than 12 months, unrealized loss		(276,000)	(249,000)
12 months or more, fair value		43,725,000	148,468,000
12 months or more, unrealized loss		(661,000)	(4,675,000)
Sales of investment securities available-for-sale		31,220,000	2,743,000	$ 53,198,000
Gains on the sale of investments		105,000	352,000	1,100,000
Losses on the sale of investments		271,000	25,000	372,000
Sale of equity investments		6,000,000	0	0
Gain on sale of equity investments		0	0	0
Loss on sale of equity investments		7,000	0	0
Unrealized holding gains on equity securities	$ 13,500,000	13,800,000	0	0
Holding losses on equity securities		0	590,000	0
Sales of investment securities		$ 0	$ 0	$ 0
U. S. Agency securities
Description and Number of Positions
Number of investments in an unrealized loss position, AFS | security		26	54
Investments in an Unrealized Loss Position
Less than 12 months, fair value		$ 8,160,000	$ 9,762,000
Less than 12 months, unrealized loss		(59,000)	(123,000)
12 months or more, fair value		15,399,000	63,740,000
12 months or more, unrealized loss		$ (190,000)	$ (1,502,000)
U.S. Sponsored Mortgage-backed securities
Description and Number of Positions
Number of investments in an unrealized loss position, AFS | security		40	42
Investments in an Unrealized Loss Position
Less than 12 months, fair value		$ 16,660,000	$ 2,360,000
Less than 12 months, unrealized loss		(170,000)	(32,000)
12 months or more, fair value		27,498,000	47,755,000
12 months or more, unrealized loss		$ (454,000)	$ (2,007,000)
Municipal securities
Description and Number of Positions
Number of investments in an unrealized loss position, AFS | security		13	78
Investments in an Unrealized Loss Position
Less than 12 months, fair value		$ 6,018,000	$ 5,936,000
Less than 12 months, unrealized loss		(40,000)	(46,000)
12 months or more, fair value		828,000	35,955,000
12 months or more, unrealized loss		$ (17,000)	$ (1,146,000)
Other securities
Description and Number of Positions
Number of investments in an unrealized loss position, AFS | security		2	2
Investments in an Unrealized Loss Position
Less than 12 months, fair value		$ 1,093,000	$ 2,452,000
Less than 12 months, unrealized loss		(7,000)	(48,000)
12 months or more, fair value		0	1,018,000
12 months or more, unrealized loss		$ 0	$ (20,000)

LOANS AND ALLOWANCE FOR LOAN _3

LOANS AND ALLOWANCE FOR LOAN LOSSES - Loan Summary (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Components of loans
Proceeds of loans sold	$ 1,611,889	$ 1,237,402	$ 1,428,060
Mortgage fee income	41,045	32,337	$ 37,149
Total Loans	1,374,235	1,304,582
Deferred loan origination costs and (fees), net	306	(216)
Loans receivable	1,374,541	1,304,366
Commercial and Non-Residential Real Estate
Components of loans
Total Loans	1,063,828	941,033
Residential
Components of loans
Total Loans	271,604	294,929
Home Equity
Components of loans
Total Loans	35,106	59,015
Consumer
Components of loans
Total Loans	$ 3,697	$ 9,605

LOANS AND ALLOWANCE FOR LOAN _4

LOANS AND ALLOWANCE FOR LOAN LOSSES - Primary Segments (Details) - USD ($) $ in Thousands	Dec. 31, 2019	Dec. 31, 2018
Primary segments of the loan portfolio:
Individually evaluated for impairment	$ 9,483	$ 12,778
Collectively evaluated for impairment	1,364,752	1,291,804
Total Loans	1,374,235	1,304,582
Commercial
Primary segments of the loan portfolio:
Individually evaluated for impairment	7,401	9,734
Collectively evaluated for impairment	1,056,427	931,299
Total Loans	1,063,828	941,033
Residential
Primary segments of the loan portfolio:
Individually evaluated for impairment	1,953	2,831
Collectively evaluated for impairment	269,651	292,098
Total Loans	271,604	294,929
Home Equity
Primary segments of the loan portfolio:
Individually evaluated for impairment	95	123
Collectively evaluated for impairment	35,011	58,892
Total Loans	35,106	59,015
Consumer
Primary segments of the loan portfolio:
Individually evaluated for impairment	34	90
Collectively evaluated for impairment	3,663	9,515
Total Loans	$ 3,697	$ 9,605

LOANS AND ALLOWANCE FOR LOAN _5

LOANS AND ALLOWANCE FOR LOAN LOSSES - Impaired Loans Narrative (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2019USD ($)relationshippropertyloanmethod	Nov. 21, 2019bank	Dec. 31, 2018USD ($)
Financing Receivable, Impaired [Line Items]
Total valuation methods used on impaired loans | method	3
Impaired loans with no specific allowance, recorded investment	$ 5,091		$ 6,051
Foreclosure and reclassification to other real estate owned	135
Reclassification to performing loans	$ 1,400
Reclassification to performing loans, percent	88.00%
Normal loan amortization	$ 474
Berkeley County, WV
Financing Receivable, Impaired [Line Items]
Branch locations held for sale, number | bank		3
Jefferson County, WV
Financing Receivable, Impaired [Line Items]
Branch locations held for sale, number | bank		1
Held-for-sale
Financing Receivable, Impaired [Line Items]
Loans	42,916
Commercial
Financing Receivable, Impaired [Line Items]
Impaired loans with no specific allowance, recorded investment	3,009		3,007
Impaired loans, principal curtailment	1,600
Charge-offs incurred on largest impaired loan	999
Commercial | Commercial Real Estate
Financing Receivable, Impaired [Line Items]
Impaired loans with no specific allowance, recorded investment	$ 295		396
Residential
Financing Receivable, Impaired [Line Items]
Increase (decrease) in impaired loans (percentage)	40.90%
Impaired loans with no specific allowance, recorded investment	$ 1,953		2,831
Number foreclosed properties held | property	11
Foreclosed properties held	$ 571
Number of loan relationships causing increase in impaired loans | relationship	2
Number of borrowers | property	2
Consumer
Financing Receivable, Impaired [Line Items]
Impaired loans with no specific allowance, recorded investment	$ 34		$ 90
Number of additional collateralized loans in the process of foreclosure | loan	7
Investment in loans in the process of foreclosure	$ 586
Related allowance	0
Total Recorded Investment In Impaired Financing Receivables
Financing Receivable, Impaired [Line Items]
Impaired loans with no specific allowance, recorded investment	223
Total Recorded Investment In Impaired Financing Receivables | Credit Concentration Risk
Financing Receivable, Impaired [Line Items]
Increase (decrease) in impaired loans	$ (3,300)
Increase (decrease) in impaired loans (percentage)	(25.80%)
Commercial Loan Relationship One | Residential
Financing Receivable, Impaired [Line Items]
Number foreclosed properties held | property	2
Foreclosed properties held	$ 294
Commercial Loan Relationship Two | Residential
Financing Receivable, Impaired [Line Items]
Number foreclosed properties held | property	7
Foreclosed properties held	$ 163
Other Loan Relationships | Residential
Financing Receivable, Impaired [Line Items]
Number foreclosed properties held | property	3
Foreclosed properties held	$ 115

LOANS AND ALLOWANCE FOR LOAN _6

LOANS AND ALLOWANCE FOR LOAN LOSSES - Impaired Loans (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Impaired loans by class
Impaired loans with specific allowance, recorded investment	$ 4,392	$ 6,727
Impaired loans with specific allowance, related allowance	574	1,043
Impaired loans with no specific allowance, recorded investment	5,091	6,051
Total impaired loans, recorded investment	9,483	12,778
Total impaired loans, unpaid principal balance	12,126	14,514
Average recorded investment in impaired loans and related interest income recognized
Average investment in impaired loans	11,491	14,653	$ 12,495
Interest income recognized on accrual basis	303	338	278
Interest income recognized on cash basis	289	223	278
Commercial
Impaired loans by class
Impaired loans with specific allowance, recorded investment	4,392	6,727
Impaired loans with specific allowance, related allowance	574	1,043
Impaired loans with no specific allowance, recorded investment	3,009	3,007
Total impaired loans, recorded investment	7,401	9,734
Total impaired loans, unpaid principal balance	9,946	11,193
Average recorded investment in impaired loans and related interest income recognized
Average investment in impaired loans	8,573	11,835	10,346
Interest income recognized on accrual basis	285	316	264
Interest income recognized on cash basis	271	208	224
Commercial | Commercial Business
Impaired loans by class
Impaired loans with specific allowance, recorded investment	2,606	4,885
Impaired loans with specific allowance, related allowance	249	668
Impaired loans with no specific allowance, recorded investment	644	387
Total impaired loans, recorded investment	3,250	5,272
Total impaired loans, unpaid principal balance	4,308	5,292
Average recorded investment in impaired loans and related interest income recognized
Average investment in impaired loans	3,202	4,052	3,718
Interest income recognized on accrual basis	0	51	155
Interest income recognized on cash basis	0	106	113
Commercial | Commercial Real Estate
Impaired loans by class
Impaired loans with specific allowance, recorded investment	1,786	1,842
Impaired loans with specific allowance, related allowance	325	375
Impaired loans with no specific allowance, recorded investment	295	396
Total impaired loans, recorded investment	2,081	2,238
Total impaired loans, unpaid principal balance	2,171	2,300
Average recorded investment in impaired loans and related interest income recognized
Average investment in impaired loans	3,220	6,416	3,199
Interest income recognized on accrual basis	162	159	100
Interest income recognized on cash basis	140	94	98
Commercial | Acquisition & Development
Impaired loans by class
Impaired loans with specific allowance, recorded investment	0	0
Impaired loans with specific allowance, related allowance	0	0
Impaired loans with no specific allowance, recorded investment	2,070	2,224
Total impaired loans, recorded investment	2,070	2,224
Total impaired loans, unpaid principal balance	3,467	3,601
Average recorded investment in impaired loans and related interest income recognized
Average investment in impaired loans	2,151	1,367	3,429
Interest income recognized on accrual basis	123	106	9
Interest income recognized on cash basis	131	8	13
Residential
Impaired loans by class
Impaired loans with specific allowance, recorded investment	0	0
Impaired loans with specific allowance, related allowance	0	0
Impaired loans with no specific allowance, recorded investment	1,953	2,831
Total impaired loans, recorded investment	1,953	2,831
Total impaired loans, unpaid principal balance	2,045	2,882
Average recorded investment in impaired loans and related interest income recognized
Average investment in impaired loans	2,719	2,569	1,424
Interest income recognized on accrual basis	16	20	13
Interest income recognized on cash basis	16	14	53
Home Equity
Impaired loans by class
Impaired loans with specific allowance, recorded investment	0	0
Impaired loans with specific allowance, related allowance	0	0
Impaired loans with no specific allowance, recorded investment	95	123
Total impaired loans, recorded investment	95	123
Total impaired loans, unpaid principal balance	100	123
Average recorded investment in impaired loans and related interest income recognized
Average investment in impaired loans	154	100	538
Interest income recognized on accrual basis	2	2	1
Interest income recognized on cash basis	2	1	1
Consumer
Impaired loans by class
Impaired loans with specific allowance, recorded investment	0	0
Impaired loans with specific allowance, related allowance	0	0
Impaired loans with no specific allowance, recorded investment	34	90
Total impaired loans, recorded investment	34	90
Total impaired loans, unpaid principal balance	35	316
Average recorded investment in impaired loans and related interest income recognized
Average investment in impaired loans	45	149	187
Interest income recognized on accrual basis	0	0	0
Interest income recognized on cash basis	$ 0	$ 0	$ 0

LOANS AND ALLOWANCE FOR LOAN _7

LOANS AND ALLOWANCE FOR LOAN LOSSES - Internal Risk Rating Summary (Details) - USD ($) $ in Thousands	Dec. 31, 2019	Dec. 31, 2018
Classes of the loan portfolio summarized by credit quality indicators:
Total Loans	$ 1,374,235	$ 1,304,582
Commercial
Classes of the loan portfolio summarized by credit quality indicators:
Total Loans	1,063,828	941,033
Commercial | Commercial Business
Classes of the loan portfolio summarized by credit quality indicators:
Total Loans	540,882	443,531
Commercial | Commercial Real Estate
Classes of the loan portfolio summarized by credit quality indicators:
Total Loans	411,770	375,561
Commercial | Acquisition & Development
Classes of the loan portfolio summarized by credit quality indicators:
Total Loans	111,176	121,941
Residential
Classes of the loan portfolio summarized by credit quality indicators:
Total Loans	271,604	294,929
Home Equity
Classes of the loan portfolio summarized by credit quality indicators:
Total Loans	35,106	59,015
Consumer
Classes of the loan portfolio summarized by credit quality indicators:
Total Loans	3,697	9,605
Pass
Classes of the loan portfolio summarized by credit quality indicators:
Total Loans	1,330,351	1,280,713
Pass | Commercial
Classes of the loan portfolio summarized by credit quality indicators:
Total Loans	1,024,730	922,652
Pass | Commercial | Commercial Business
Classes of the loan portfolio summarized by credit quality indicators:
Total Loans	511,590	432,589
Pass | Commercial | Commercial Real Estate
Classes of the loan portfolio summarized by credit quality indicators:
Total Loans	406,712	371,309
Pass | Commercial | Acquisition & Development
Classes of the loan portfolio summarized by credit quality indicators:
Total Loans	106,428	118,754
Pass | Residential
Classes of the loan portfolio summarized by credit quality indicators:
Total Loans	267,367	290,602
Pass | Home Equity
Classes of the loan portfolio summarized by credit quality indicators:
Total Loans	34,641	58,100
Pass | Consumer
Classes of the loan portfolio summarized by credit quality indicators:
Total Loans	3,613	9,359
Special Mention
Classes of the loan portfolio summarized by credit quality indicators:
Total Loans	25,216	11,188
Special Mention | Commercial
Classes of the loan portfolio summarized by credit quality indicators:
Total Loans	22,831	7,540
Special Mention | Commercial | Commercial Business
Classes of the loan portfolio summarized by credit quality indicators:
Total Loans	17,398	5,290
Special Mention | Commercial | Commercial Real Estate
Classes of the loan portfolio summarized by credit quality indicators:
Total Loans	3,564	2,071
Special Mention | Commercial | Acquisition & Development
Classes of the loan portfolio summarized by credit quality indicators:
Total Loans	1,869	179
Special Mention | Residential
Classes of the loan portfolio summarized by credit quality indicators:
Total Loans	1,946	2,608
Special Mention | Home Equity
Classes of the loan portfolio summarized by credit quality indicators:
Total Loans	383	876
Special Mention | Consumer
Classes of the loan portfolio summarized by credit quality indicators:
Total Loans	56	164
Substandard
Classes of the loan portfolio summarized by credit quality indicators:
Total Loans	18,554	12,370
Substandard | Commercial
Classes of the loan portfolio summarized by credit quality indicators:
Total Loans	16,267	10,712
Substandard | Commercial | Commercial Business
Classes of the loan portfolio summarized by credit quality indicators:
Total Loans	11,894	5,652
Substandard | Commercial | Commercial Real Estate
Classes of the loan portfolio summarized by credit quality indicators:
Total Loans	1,494	2,181
Substandard | Commercial | Acquisition & Development
Classes of the loan portfolio summarized by credit quality indicators:
Total Loans	2,879	2,879
Substandard | Residential
Classes of the loan portfolio summarized by credit quality indicators:
Total Loans	2,177	1,600
Substandard | Home Equity
Classes of the loan portfolio summarized by credit quality indicators:
Total Loans	82	39
Substandard | Consumer
Classes of the loan portfolio summarized by credit quality indicators:
Total Loans	28	19
Doubtful
Classes of the loan portfolio summarized by credit quality indicators:
Total Loans	114	311
Doubtful | Commercial
Classes of the loan portfolio summarized by credit quality indicators:
Total Loans	0	129
Doubtful | Commercial | Commercial Business
Classes of the loan portfolio summarized by credit quality indicators:
Total Loans	0	0
Doubtful | Commercial | Commercial Real Estate
Classes of the loan portfolio summarized by credit quality indicators:
Total Loans	0	0
Doubtful | Commercial | Acquisition & Development
Classes of the loan portfolio summarized by credit quality indicators:
Total Loans	0	129
Doubtful | Residential
Classes of the loan portfolio summarized by credit quality indicators:
Total Loans	114	119
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	$ 0	$ 63

Loans and Allowance for Loan _8

Loans and Allowance for Loan Losses - Internal Risk Summary Narrative (Details)	12 Months Ended
	Dec. 31, 2019USD ($)loanborrower	Dec. 31, 2018USD ($)
Classes of the loan portfolio summarized by credit quality indicators:
Commercial relationship credit review threshold amount	$ 1,000,000
Total Loans	$ 1,374,235,000	$ 1,304,582,000
Past due period before loans placed in non-accrual status	90 days
Recent loan payment history before removal from non-accrual status	6 months
Special Mention
Classes of the loan portfolio summarized by credit quality indicators:
Total Loans	$ 25,216,000	11,188,000
Number of loans downgraded | loan	6
Number of loans | loan	5
Payoff of an existing loan	$ 3,300,000
Special Mention | Government Lease Transaction
Classes of the loan portfolio summarized by credit quality indicators:
Loans outstanding	1,800,000
Special Mention | Commercial Real Estate Loan
Classes of the loan portfolio summarized by credit quality indicators:
Loans outstanding	$ 1,600,000
Special Mention | Subordinate Bonds
Classes of the loan portfolio summarized by credit quality indicators:
Increase in loans, percent	59.30%
Loans outstanding	$ 8,300,000
Special Mention | Senior Care Facility
Classes of the loan portfolio summarized by credit quality indicators:
Loans outstanding	3,400,000
Special Mention | Multifamily Rental Property
Classes of the loan portfolio summarized by credit quality indicators:
Loans outstanding	2,900,000
Special Mention | Residential Lots
Classes of the loan portfolio summarized by credit quality indicators:
Loans outstanding	1,900,000
Substandard
Classes of the loan portfolio summarized by credit quality indicators:
Total Loans	$ 18,554,000	12,370,000
Number of loans | loan	4
Number of borrowers | borrower	2
Charge-offs incurred on largest impaired loan	$ 989,000
Payoff of an existing loan		1,400,000
Substandard | Senior Care Facility
Classes of the loan portfolio summarized by credit quality indicators:
Loans outstanding	2,000,000
Substandard | Risk Grade Downgrade
Classes of the loan portfolio summarized by credit quality indicators:
Loans outstanding	8,100,000
Substandard | Risk Grade Upgrade
Classes of the loan portfolio summarized by credit quality indicators:
Loans outstanding	$ 1,000,000
Number of loans | loan	2
Substandard | Equipment
Classes of the loan portfolio summarized by credit quality indicators:
Loans outstanding	$ 6,100,000
Number of loans | loan	3
Commercial
Classes of the loan portfolio summarized by credit quality indicators:
Total Loans	$ 1,063,828,000	941,033,000
Charge-offs incurred on largest impaired loan	999,000
Commercial | Special Mention
Classes of the loan portfolio summarized by credit quality indicators:
Total Loans	22,831,000	7,540,000
Increase in loans	$ 14,000,000
Increase in loans, percent	125.40%
Loans outstanding	$ 19,700,000
Number of loans | loan	2
Commercial | Substandard
Classes of the loan portfolio summarized by credit quality indicators:
Total Loans	$ 16,267,000	10,712,000
Increase in loans		$ 6,200,000
Increase in loans, percent		50.00%

LOANS AND ALLOWANCE FOR LOAN _9

LOANS AND ALLOWANCE FOR LOAN LOSSES - Aging (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2019USD ($)component	Dec. 31, 2018USD ($)	Dec. 31, 2017USD ($)
Aging categories of performing loans and nonaccrual loans
Current	$ 1,364,896	$ 1,288,346
Total Past Due	9,339	16,236
Total Loans	1,374,235	1,304,582
Non-Accrual	5,123	7,103
90+ Days Still Accruing	0	0
Increased amount of interest income on loans	$ 582	771	$ 423
Allowance for loan losses, number of evaluation components | component	2
Impaired loans collectively evaluated	$ 139	204
Liability for unfunded commitments	332	284
Commercial
Aging categories of performing loans and nonaccrual loans
Current	1,059,389	928,621
Total Past Due	4,439	12,412
Total Loans	1,063,828	941,033
Non-Accrual	3,533	4,495
90+ Days Still Accruing	0	0
Commercial | Commercial Business
Aging categories of performing loans and nonaccrual loans
Current	537,602	432,097
Total Past Due	3,280	11,434
Total Loans	540,882	443,531
Non-Accrual	2,848	3,684
90+ Days Still Accruing	0	0
Commercial | Commercial Real Estate
Aging categories of performing loans and nonaccrual loans
Current	411,070	374,880
Total Past Due	700	681
Total Loans	411,770	375,561
Non-Accrual	295	385
90+ Days Still Accruing	0	0
Commercial | Acquisition & Development
Aging categories of performing loans and nonaccrual loans
Current	110,717	121,644
Total Past Due	459	297
Total Loans	111,176	121,941
Non-Accrual	390	426
90+ Days Still Accruing	0	0
Residential
Aging categories of performing loans and nonaccrual loans
Current	267,515	291,665
Total Past Due	4,089	3,264
Total Loans	271,604	294,929
Non-Accrual	1,461	2,442
90+ Days Still Accruing	0	0
Home Equity
Aging categories of performing loans and nonaccrual loans
Current	34,382	58,575
Total Past Due	724	440
Total Loans	35,106	59,015
Non-Accrual	95	84
90+ Days Still Accruing	0	0
Consumer
Aging categories of performing loans and nonaccrual loans
Current	3,610	9,485
Total Past Due	87	120
Total Loans	3,697	9,605
Non-Accrual	34	82
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	7,440	8,489
Financing Receivables, 30 to 59 Days Past Due | Commercial
Aging categories of performing loans and nonaccrual loans
Total Past Due	3,891	7,061
Financing Receivables, 30 to 59 Days Past Due | Commercial | Commercial Business
Aging categories of performing loans and nonaccrual loans
Total Past Due	3,189	6,380
Financing Receivables, 30 to 59 Days Past Due | Commercial | Commercial Real Estate
Aging categories of performing loans and nonaccrual loans
Total Past Due	522	681
Financing Receivables, 30 to 59 Days Past Due | Commercial | Acquisition & Development
Aging categories of performing loans and nonaccrual loans
Total Past Due	180	0
Financing Receivables, 30 to 59 Days Past Due | Residential
Aging categories of performing loans and nonaccrual loans
Total Past Due	3,003	1,000
Financing Receivables, 30 to 59 Days Past Due | Home Equity
Aging categories of performing loans and nonaccrual loans
Total Past Due	545	400
Financing Receivables, 30 to 59 Days Past Due | Consumer
Aging categories of performing loans and nonaccrual loans
Total Past Due	1	28
Financing Receivables, 60 to 89 Days Past Due
Aging categories of performing loans and nonaccrual loans
Total Past Due	916	2,556
Financing Receivables, 60 to 89 Days Past Due | Commercial
Aging categories of performing loans and nonaccrual loans
Total Past Due	225	1,746
Financing Receivables, 60 to 89 Days Past Due | Commercial | Commercial Business
Aging categories of performing loans and nonaccrual loans
Total Past Due	47	1,746
Financing Receivables, 60 to 89 Days Past Due | Commercial | Commercial Real Estate
Aging categories of performing loans and nonaccrual loans
Total Past Due	178	0
Financing Receivables, 60 to 89 Days Past Due | Commercial | Acquisition & Development
Aging categories of performing loans and nonaccrual loans
Total Past Due	0	0
Financing Receivables, 60 to 89 Days Past Due | Residential
Aging categories of performing loans and nonaccrual loans
Total Past Due	549	760
Financing Receivables, 60 to 89 Days Past Due | Home Equity
Aging categories of performing loans and nonaccrual loans
Total Past Due	84	40
Financing Receivables, 60 to 89 Days Past Due | Consumer
Aging categories of performing loans and nonaccrual loans
Total Past Due	58	10
Financing Receivables, Equal to Greater than 90 Days Past Due
Aging categories of performing loans and nonaccrual loans
Total Past Due	983	5,191
Financing Receivables, Equal to Greater than 90 Days Past Due | Commercial
Aging categories of performing loans and nonaccrual loans
Total Past Due	323	3,605
Financing Receivables, Equal to Greater than 90 Days Past Due | Commercial | Commercial Business
Aging categories of performing loans and nonaccrual loans
Total Past Due	44	3,308
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	0	0
Financing Receivables, Equal to Greater than 90 Days Past Due | Commercial | Acquisition & Development
Aging categories of performing loans and nonaccrual loans
Total Past Due	279	297
Financing Receivables, Equal to Greater than 90 Days Past Due | Residential
Aging categories of performing loans and nonaccrual loans
Total Past Due	537	1,504
Financing Receivables, Equal to Greater than 90 Days Past Due | Home Equity
Aging categories of performing loans and nonaccrual loans
Total Past Due	95	0
Financing Receivables, Equal to Greater than 90 Days Past Due | Consumer
Aging categories of performing loans and nonaccrual loans
Total Past Due	$ 28	$ 82

LOANS AND ALLOWANCE FOR LOAN_10

LOANS AND ALLOWANCE FOR LOAN LOSSES - Allowance (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Changes in the allowance for loan losses
Balance at beginning of period	$ 10,939	$ 9,878	$ 9,101
Charge-offs	(1,008)	(1,480)	(1,497)
Recoveries	55	101	101
Provision	1,789	2,440	2,173
Balance at end of period	11,775	10,939	9,878
Individually evaluated for impairment	574	1,043	1,188
Collectively evaluated for impairment	11,201	9,896	8,690
Commercial
Changes in the allowance for loan losses
Balance at beginning of period	8,605	7,804	7,181
Charge-offs	(998)	(1,024)	(1,138)
Recoveries	1	15	39
Provision	2,490	1,810	1,722
Balance at end of period	10,098	8,605	7,804
Individually evaluated for impairment	574	1,043	1,172
Collectively evaluated for impairment	9,524	7,562	6,632
Residential
Changes in the allowance for loan losses
Balance at beginning of period	1,405	1,119	990
Charge-offs	0	(166)	(141)
Recoveries	1	22	40
Provision	(134)	430	230
Balance at end of period	1,272	1,405	1,119
Individually evaluated for impairment	0	0	0
Collectively evaluated for impairment	1,272	1,405	1,119
Home Equity
Changes in the allowance for loan losses
Balance at beginning of period	684	705	728
Charge-offs	0	0	(109)
Recoveries	4	59	4
Provision	(361)	(80)	82
Balance at end of period	327	684	705
Individually evaluated for impairment	0	0	0
Collectively evaluated for impairment	327	684	705
Consumer
Changes in the allowance for loan losses
Balance at beginning of period	245	250	202
Charge-offs	(10)	(290)	(109)
Recoveries	49	5	18
Provision	(206)	280	139
Balance at end of period	78	245	250
Individually evaluated for impairment	0	0	16
Collectively evaluated for impairment	$ 78	$ 245	$ 234

LOANS AND ALLOWANCE FOR LOAN_11

LOANS AND ALLOWANCE FOR LOAN LOSSES - Troubled Debt Restructurings (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2019USD ($)contractborrowerloan	Dec. 31, 2018USD ($)contract
Details related to loans identified as Troubled Debt Restructurings (TDRs):
Specific reserve allocations for TDR's	$ 527	$ 1,000
Troubled debt restructuring loans	$ 7,700	$ 8,000
Number of Contracts | contract	5	6
Pre-Modification Outstanding Recorded Investment	$ 582	$ 2,130
Post-Modification Outstanding Recorded Investment	656	$ 2,066
Acquisition & Development
Details related to loans identified as Troubled Debt Restructurings (TDRs):
Loans defaulted under the restructured terms	$ 3,000
Number of restructured loans | loan	4
Number of borrowers defaulted | borrower	2
Commercial
Details related to loans identified as Troubled Debt Restructurings (TDRs):
Number of Contracts | contract	2	4
Pre-Modification Outstanding Recorded Investment	$ 336	$ 2,081
Post-Modification Outstanding Recorded Investment	$ 333	$ 2,019
Commercial | Commercial Business
Details related to loans identified as Troubled Debt Restructurings (TDRs):
Number of Contracts | contract	2	2
Pre-Modification Outstanding Recorded Investment	$ 336	$ 272
Post-Modification Outstanding Recorded Investment	$ 333	$ 210
Commercial | Commercial Real Estate
Details related to loans identified as Troubled Debt Restructurings (TDRs):
Number of Contracts | contract	0	1
Pre-Modification Outstanding Recorded Investment	$ 0	$ 11
Post-Modification Outstanding Recorded Investment	$ 0	$ 11
Commercial | Acquisition & Development
Details related to loans identified as Troubled Debt Restructurings (TDRs):
Number of Contracts | contract	0	1
Pre-Modification Outstanding Recorded Investment	$ 0	$ 1,798
Post-Modification Outstanding Recorded Investment	$ 0	$ 1,798
Residential
Details related to loans identified as Troubled Debt Restructurings (TDRs):
Number of Contracts | contract	3	0
Pre-Modification Outstanding Recorded Investment	$ 246	$ 0
Post-Modification Outstanding Recorded Investment	$ 323	$ 0
Home Equity
Details related to loans identified as Troubled Debt Restructurings (TDRs):
Number of Contracts | contract	0	1
Pre-Modification Outstanding Recorded Investment	$ 0	$ 39
Post-Modification Outstanding Recorded Investment	$ 0	$ 39
Consumer
Details related to loans identified as Troubled Debt Restructurings (TDRs):
Number of Contracts | contract	0	1
Pre-Modification Outstanding Recorded Investment	$ 0	$ 10
Post-Modification Outstanding Recorded Investment	$ 0	8
Troubled Debt Restructured Loans
Details related to loans identified as Troubled Debt Restructurings (TDRs):
Number of Contracts | contract	0
Accruing
Details related to loans identified as Troubled Debt Restructurings (TDRs):
Troubled debt restructuring loans	$ 4,400	$ 4,200
Accruing | Portfolio Risk | Troubled Debt Restructured Loans
Details related to loans identified as Troubled Debt Restructurings (TDRs):
Concentration risk, percentage	46.00%	33.00%
Commercial Borrower One | Acquisition & Development
Details related to loans identified as Troubled Debt Restructurings (TDRs):
Loans defaulted under the restructured terms	$ 679
Commercial Borrower Two | Acquisition & Development
Details related to loans identified as Troubled Debt Restructurings (TDRs):
Loans defaulted under the restructured terms	$ 2,300

PREMISES AND EQUIPMENT - Premis

PREMISES AND EQUIPMENT - Premises and Equipment (Details) $ in Thousands	1 Months Ended	12 Months Ended
	Dec. 31, 2017USD ($)	Dec. 31, 2019USD ($)	Dec. 31, 2018USD ($)	Dec. 31, 2017USD ($)	Nov. 21, 2019bank
Premises and equipment
Gross premises and equipment		$ 37,926	$ 39,774
Accumulated depreciation		(15,952)	(13,229)
Net premises and equipment		21,974	26,545
Gain on sale of fixed assets	$ 343
Depreciation expense		3,000	2,800	$ 2,600
Berkeley County, WV
Premises and equipment
Branch locations held for sale, number | bank					3
Jefferson County, WV
Premises and equipment
Branch locations held for sale, number | bank					1
Held-for-sale
Premises and equipment
Premises and equipment held for sale		3,638
Land
Premises and equipment
Gross premises and equipment		3,257	3,934
Buildings and improvements
Premises and equipment
Gross premises and equipment		14,574	17,235
Furniture, fixtures and equipment
Premises and equipment
Gross premises and equipment		16,869	14,293
Construction in progress
Premises and equipment
Gross premises and equipment		1,019	2,642
Leasehold improvements
Premises and equipment
Gross premises and equipment		$ 2,207	$ 1,670

PREMISES AND EQUIPMENT - Lease

PREMISES AND EQUIPMENT - Lease Narrative (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2019
Property, Plant and Equipment [Abstract]
Lease liabilities			$ 14.8
Right-of-use assets			$ 13.5
Finance lease, weighted average remaining lease term			2 years 8 months 12 days
Finance lease, weighted average discount rate			2.80%
Operating lease lease, weighted average remaining lease term			11 years 9 months 18 days
Operating lease, weighted average discount rate			3.54%
Rent expense	$ 2	$ 2
Leases not yet commenced, lease liabilities			$ 2.4
Leases not yet commenced, right of use assets			$ 4.1

PREMISES AND EQUIPMENT - Leas_2

PREMISES AND EQUIPMENT - Lease Costs (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2019USD ($)
Property, Plant and Equipment [Abstract]
Amortization of right-of-use assets, finance leases	$ 77
Interest on lease liabilities, finance leases	6
Operating lease cost	2,120
Short-term lease cost	72
Variable lease cost	38
Total lease cost	$ 2,313

PREMISES AND EQUIPMENT - Summar

PREMISES AND EQUIPMENT - Summary of Lease Liability (Details) $ in Thousands	Dec. 31, 2019USD ($)
Finance Leases
2020	$ 77
2021	77
2022	51
2023	0
2024	0
2025 and thereafter	0
Total future minimum lease payments	205
Less: Amounts representing interest	(7)
Present value of net future minimum lease payments	198
Operating Leases
2020	1,891
2021	1,792
2022	1,730
2023	1,452
2024	1,371
2025 and thereafter	10,000
Total future minimum lease payments	18,236
Less: Amounts representing interest	(3,642)
Present value of net future minimum lease payments	$ 14,594

DEPOSITS - Schedule of Deposits

DEPOSITS - Schedule of Deposits (Details) - USD ($) $ in Thousands	Dec. 31, 2019	Dec. 31, 2018
Demand deposits of individuals, partnerships, and corporations
Noninterest bearing demand	$ 278,547	$ 213,597
Interest bearing demand	351,435	376,398
Savings and money markets	363,026	317,697
Time deposits including CDs and IRAs	272,034	401,462
Total deposits	1,265,042	1,309,154
Time deposits that meet or exceed the FDIC insurance limit	$ 8,955	$ 15,280

DEPOSITS - Maturities (Details)

DEPOSITS - Maturities (Details) $ in Thousands	Dec. 31, 2019USD ($)
Maturities of Time Deposits
2020	$ 223,633
2021	10,495
2022	19,074
2023	11,947
2024	6,885
Total	$ 272,034

DEPOSITS - Purchase and Assumpt

DEPOSITS - Purchase and Assumption Agreement (Details) $ in Thousands	Dec. 31, 2019USD ($)	Nov. 21, 2019bank	Dec. 31, 2018USD ($)
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Deposits of branches held for sale | $	$ 188,270		$ 0
Berkeley County, WV
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Branch locations held for sale, number | bank		3
Jefferson County, WV
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Branch locations held for sale, number | bank		1
Held-for-sale
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Deposits of branches held for sale | $	$ 188,270

BORROWED FUNDS - Short-term Bor

BORROWED FUNDS - Short-term Borrowings and Repurchase Agreements (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Borrowed funds
Remaining maximum borrowing capacity with the FHLB	$ 162,400
FHLB and other borrowings	222,885	$ 214,887
Maximum borrowing capacity with the FHLB	547,200
Short-term Borrowings from FHLB
Short-term Borrowings and Repurchase Agreements
Balance at end of year	192,063	212,395	$ 149,596
Average balance during the year	187,226	171,117	100,969
Maximum month-end balance	$ 240,811	$ 264,297	$ 220,097
Weighted-average rate during the year	2.24%	2.27%	1.16%
Weighted-average rate at December 31	1.81%	2.62%	1.61%
Investment Securities
Borrowed funds
Investment securities held as collateral	$ 10,500	$ 15,400
Repurchase Agreements
Short-term Borrowings and Repurchase Agreements
Balance at end of year	10,172	14,925	$ 22,403
Average balance during the year	11,252	18,536	25,160
Maximum month-end balance	$ 14,655	$ 20,903	$ 25,972
Weighted-average rate during the year	0.43%	0.30%	0.30%
Weighted-average rate at December 31	0.44%	0.16%	0.34%

BORROWED FUNDS - Term Notes fro

BORROWED FUNDS - Term Notes from the FHLB (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Borrowed funds
Borrowings from the FHLB	$ 30,822	$ 2,492
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	$ 822	1,741
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 | 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, interest of between 5.18% and 5.20% payable monthly | Maximum
Borrowed funds
Interest rate on debt security	5.20%
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	$ 0	751
Interest rate on debt security	5.22%
Monthly installments	$ 5
Fixed interest rate notes, originating in November 2019, due between November 2022 and November 2024, with interest of between 1.74% and 1.81% payable monthly
Borrowed funds
Borrowings from the FHLB	$ 30,000	$ 0
Fixed interest rate notes, originating in November 2019, due between November 2022 and November 2024, with interest of between 1.74% and 1.81% payable monthly | Minimum
Borrowed funds
Interest rate on debt security	1.74%
Fixed interest rate notes, originating in November 2019, due between November 2022 and November 2024, with interest of between 1.74% and 1.81% payable monthly | Maximum
Borrowed funds
Interest rate on debt security	1.81%

BORROWED FUNDS - Subordinated D

BORROWED FUNDS - Subordinated Debt (Details) - USD ($)	Jun. 30, 2014	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017	Mar. 31, 2007
Subordinated Debt
Balance at end of year		$ 4,124,000	$ 17,524,000
Interest expense on borrowed funds		770,000	1,756,000	$ 2,242,000
Subordinated debt redemption		12,400,000	0	0
Subordinated Debt
Subordinated Debt
Balance at end of year		4,124,000	17,524,000	33,524,000
Average balance during the year		12,125,000	25,774,000	33,524,000
Maximum month-end balance		$ 17,524,000	$ 33,524,000	$ 33,524,000
Weighted-average rate during the year		6.35%	6.81%	6.69%
Weighted-average rate at December 31		3.51%	6.57%	6.70%
Interest expense on borrowed funds		$ 770,000	$ 1,800,000	$ 2,200,000
Subordinated debt converted, amount		$ 1,000,000	$ 16,000,000
Subordinated debt converted into common stock (in shares)		62,500	1,000,000
Annual interest expense savings		$ 970,000	$ 1,100,000
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, 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, 2019USD ($)
Maturities of Borrowings and Subordinated Debt
2020	$ 192,092
2021	32
2022	10,761
2023	10,000
2024	10,000
Thereafter	4,124
Total	$ 227,009

COMMITMENTS AND CONTINGENT LI_3

COMMITMENTS AND CONTINGENT LIABILITIES (Details) - USD ($)	Dec. 31, 2019	Dec. 31, 2018
Financial Instruments with Off-Balance-Sheet Risk
Total contractual amounts of the commitments	$ 428,837,000	$ 380,237,000
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	385,871,000	329,229,000
Stand-by letters of credit
Financial Instruments with Off-Balance-Sheet Risk
Total contractual amounts of the commitments	18,145,000	22,156,000
Other loan commitments
Financial Instruments with Off-Balance-Sheet Risk
Total contractual amounts of the commitments	$ 24,821,000	$ 28,852,000

INCOME TAXES - Provision for In

INCOME TAXES - Provision for Income Taxes (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Current:
Federal	$ 10,450	$ 2,203	$ 2,635
State	2,101	1,031	771
Total current	12,551	3,234	3,406
Deferred expense (benefit)
Federal	(3,716)	117	1,268
State	(237)	22	81
Total deferred expense (benefit)	(3,953)	139	1,349
Income tax expense	$ 8,598	$ 3,373	$ 4,755

INCOME TAXES - Reconciliation (

INCOME TAXES - Reconciliation (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Effective Income Tax Rate Reconciliation, Amount
Tax at Federal tax rate	$ 7,353	$ 3,229	$ 4,369
Tax effect of:
State income tax	2,101	738	771
Tax exempt earnings	(856)	(594)	(1,031)
Impact of deferred tax rate change	0	0	646
Income tax expense	$ 8,598	$ 3,373	$ 4,755
Effective Income Tax Rate Reconciliation, Percent
Tax at Federal tax rate (percentage)	21.00%	21.00%	34.00%
Tax effect of:
State income tax (percentage)	6.00%	4.80%	6.00%
Tax exempt earnings (percentage)	(2.80%)	(3.90%)	(6.40%)
Impact of deferred tax rate change (percentage)	0.00%	0.00%	5.00%
Income tax expense (benefit) (as a percentage)	24.20%	21.90%	38.60%

INCOME TAXES - Deferred Income

INCOME TAXES - Deferred Income Tax Assets and (Liabilities) (Details) - USD ($)	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2019	Dec. 31, 2018
Components of Deferred Tax Assets and Liabilities
Allowance for loan losses		$ 3,310,000	$ 3,084,000
Minimum pension liability		1,589,000	1,266,000
Unrealized loss on securities available-for-sale		0	1,252,000
SERP/RSU		652,000	0
Other		10,000	1,000
Gross deferred tax assets		5,561,000	5,603,000
Depreciation		(1,505,000)	(1,143,000)
Pension		(164,000)	(138,000)
Unrealized gain on securities available-for-sale		(1,088,000)	0
Holding gain on equity securities		(3,838,000)	0
Goodwill		(2,134,000)	(1,827,000)
Gross deferred tax liabilities		(8,729,000)	(3,108,000)
Net deferred tax (liability) asset		(3,168,000)
Net deferred tax (liability) asset			$ 2,495,000
Deferred tax asset, income tax charge	$ 646,000
Deferred income tax valuation allowance		0
Liability for uncertain tax positions		0
Unrecognized tax benefits		$ 0

INCOME TAXES - Section 42 Affor

INCOME TAXES - Section 42 Affordable Housing (Details)	12 Months Ended
	Dec. 31, 2018USD ($)fund
Income Tax Disclosure [Abstract]
Aggregate amount of affordable housing investment	$ 3,000,000
Number of affordable housing investment funds | fund	3
Gain (loss) on affordable housing investment funds	$ 0

RELATED PARTY TRANSACTIONS (Det

RELATED PARTY TRANSACTIONS (Details) - USD ($)	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Loans and Leases Receivable, Related Parties [Roll Forward]
Balance at Beginning of Year	$ 27,971,000	$ 25,199,000
Borrowings	13,897,000	48,269,000
Executive Officer and Director Retirements	0	0
Repayments	(29,584,000)	(45,497,000)
Balance at End of Year	12,284,000	27,971,000
Related party deposits	35,500,000	25,200,000
Related party repurchase agreements	$ 0	$ 0

PENSION PLAN - Narrative (Detai

PENSION PLAN - Narrative (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2019USD ($)installment	Dec. 31, 2018USD ($)	Dec. 31, 2017USD ($)	May 31, 2014
Defined Benefit Plan Disclosure [Line Items]
Pension expense	$ 256	$ 286	$ 256
Supplemental Employee Retirement Plan
Defined Benefit Plan Disclosure [Line Items]
Discount rate	4.00%
Benefit obligation	$ 1,800
Number of equal consecutive installments | installment	180
Consecutive installments, amount	$ 10
Accrued liability	783	377
Service cost	$ 406	$ 376
Pension Plan
Defined Benefit Plan Disclosure [Line Items]
Discount rate	3.24%	4.23%	3.55%	4.46%
Benefit obligation	$ 11,435	$ 9,416	$ 10,058
Service cost	0	$ 0	$ 0
Estimated net loss (gain) expected to be amortized from accumulated other comprehensive income into net periodic cost	$ 460

PENSION PLAN - Summary of activ

PENSION PLAN - Summary of activity (Details) - Pension Plan - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Change in benefit obligation
Benefit obligation at beginning of year	$ 9,416	$ 10,058
Service cost	0	0	$ 0
Interest cost	392	352	360
Actuarial loss	99	348
Assumption changes	1,769	(1,127)
Curtailment impact	0	0
Benefits paid	(241)	(215)
Benefit obligation at end of year	11,435	9,416	10,058
Change in plan assets:
Fair value of plan assets at beginning of year	5,238	5,166
Actual return on plan assets	808	(429)
Employer contribution	360	716
Benefits paid	(241)	(215)
Fair value of plan assets at end of year	6,165	5,238	$ 5,166
Funded status	(5,270)	(4,179)
Unrecognized net actuarial loss	5,883	4,687
Unrecognized prior service cost	0	0
Prepaid pension cost recognized	613	508
Accumulated benefit obligation	$ 11,435	$ 9,416

PENSION PLAN - Weighted Average

PENSION PLAN - Weighted Average Assumptions and Net Periodic Pension Cost (Details) - Pension Plan - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017	May 31, 2014
Weighted average assumptions used to determine the benefit obligation
Discount rate	3.24%	4.23%	3.55%	4.46%
Components of net periodic pension cost
Service cost	$ 0	$ 0	$ 0
Interest cost	392	352	360
Expected return on plan assets	(407)	(372)	(345)
Amortization of prior service costs	0	0	0
Amortization of net actuarial loss	271	306	241
Net periodic pension cost	$ 256	$ 286	$ 256
Weighted average assumptions used to determine net periodic pension cost
Discount rate	3.24%	3.55%	4.05%
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) - Pension Plan	Dec. 31, 2019	Dec. 31, 2018
Defined Benefit Plan Disclosure [Line Items]
Plan Assets	100.00%	100.00%
Cash
Defined Benefit Plan Disclosure [Line Items]
Plan Assets	4.00%	5.00%
Fixed income
Defined Benefit Plan Disclosure [Line Items]
Plan Assets	23.00%	24.00%
Alternative investments
Defined Benefit Plan Disclosure [Line Items]
Plan Assets	15.00%	17.00%
Domestic equities
Defined Benefit Plan Disclosure [Line Items]
Plan Assets	33.00%	31.00%
Foreign equities
Defined Benefit Plan Disclosure [Line Items]
Plan Assets	24.00%	23.00%
Real estate investment trusts
Defined Benefit Plan Disclosure [Line Items]
Plan Assets	1.00%	0.00%

PENSION PLAN - Plan Assets at F

PENSION PLAN - Plan Assets at Fair Value (Details) - Pension Plan - USD ($) $ in Thousands	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Plan's assets at fair value by level, within the fair value hierarchy
Total assets at fair value	$ 6,165	$ 5,238	$ 5,166
Level I
Plan's assets at fair value by level, within the fair value hierarchy
Total assets at fair value	5,179	4,348
Level II
Plan's assets at fair value by level, within the fair value hierarchy
Total assets at fair value	0	0
Level III
Plan's assets at fair value by level, within the fair value hierarchy
Total assets at fair value	986	890
Cash
Plan's assets at fair value by level, within the fair value hierarchy
Total assets at fair value	247	262
Cash | Level I
Plan's assets at fair value by level, within the fair value hierarchy
Total assets at fair value	247	262
Cash | Level II
Plan's assets at fair value by level, within the fair value hierarchy
Total assets at fair value	0	0
Cash | Level III
Plan's assets at fair value by level, within the fair value hierarchy
Total assets at fair value	0	0
Fixed income
Plan's assets at fair value by level, within the fair value hierarchy
Total assets at fair value	1,418	1,257
Fixed income | Level I
Plan's assets at fair value by level, within the fair value hierarchy
Total assets at fair value	1,418	1,257
Fixed income | Level II
Plan's assets at fair value by level, within the fair value hierarchy
Total assets at fair value	0	0
Fixed income | Level III
Plan's assets at fair value by level, within the fair value hierarchy
Total assets at fair value	0	0
Alternative investments
Plan's assets at fair value by level, within the fair value hierarchy
Total assets at fair value	925	890
Alternative investments | Level I
Plan's assets at fair value by level, within the fair value hierarchy
Total assets at fair value	0	0
Alternative investments | Level II
Plan's assets at fair value by level, within the fair value hierarchy
Total assets at fair value	0	0
Alternative investments | Level III
Plan's assets at fair value by level, within the fair value hierarchy
Total assets at fair value	925	890
Domestic equities
Plan's assets at fair value by level, within the fair value hierarchy
Total assets at fair value	2,034	1,624
Domestic equities | Level I
Plan's assets at fair value by level, within the fair value hierarchy
Total assets at fair value	2,034	1,624
Domestic equities | Level II
Plan's assets at fair value by level, within the fair value hierarchy
Total assets at fair value	0	0
Domestic equities | Level III
Plan's assets at fair value by level, within the fair value hierarchy
Total assets at fair value	0	0
Foreign equities
Plan's assets at fair value by level, within the fair value hierarchy
Total assets at fair value	1,480	1,205
Foreign equities | Level I
Plan's assets at fair value by level, within the fair value hierarchy
Total assets at fair value	1,480	1,205
Foreign equities | Level II
Plan's assets at fair value by level, within the fair value hierarchy
Total assets at fair value	0	0
Foreign equities | Level III
Plan's assets at fair value by level, within the fair value hierarchy
Total assets at fair value	0	$ 0
Real estate investment trusts
Plan's assets at fair value by level, within the fair value hierarchy
Total assets at fair value	61
Real estate investment trusts | Level I
Plan's assets at fair value by level, within the fair value hierarchy
Total assets at fair value	0
Real estate investment trusts | Level II
Plan's assets at fair value by level, within the fair value hierarchy
Total assets at fair value	0
Real estate investment trusts | Level III
Plan's assets at fair value by level, within the fair value hierarchy
Total assets at fair value	$ 61

PENSION PLAN - Estimated Contri

PENSION PLAN - Estimated Contributions Over Next Fiscal Year and Benefit Payments (Details) - Pension Plan $ in Thousands	Dec. 31, 2019USD ($)
Estimated Future Employer Contributions
Contributions for the period of January 1, 2019 through December 31, 2019	$ 360
Estimated future benefit payments reflecting expected future service
2020	323
2021	331
2022	386
2023	429
2024	450
2025 through 2028	$ 2,652

GOODWILL AND OTHER INTANGIBLE_3

GOODWILL AND OTHER INTANGIBLE ASSETS - Schedule of Goodwill (Details) - USD ($)	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Goodwill
Goodwill, beginning balance	$ 18,480,000	$ 18,480,000	$ 18,480,000
Goodwill, resulting from Chartwell acquisition	1,150,000
Goodwill, ending balance	19,630,000	18,480,000	18,480,000
Intangibles
Gross, beginning balance	1,006,000	1,006,000	1,006,000
Accumulated depreciation, beginning balance	(456,000)	(360,000)	(262,000)
Net, beginning balance	550,000	646,000	744,000
Intangibles resulting from Chartwell acquisition	3,220,000
Accumulated Amortization expense	(297,000)	(96,000)	(98,000)
Gross, ending balance	4,226,000	1,006,000	1,006,000
Accumulated depreciation, ending balance	(753,000)	(456,000)	(360,000)
Net, ending balance	3,473,000	550,000	646,000
Intangible Assets, Other Disclosures
Goodwill impairment	0	0
Impairment charges	0	0	$ 0
Chartwell
Intangibles
Net, beginning balance	0
Net, ending balance	3,000,000	0
Core Deposit Intangibles
Intangibles
Net, beginning balance	550,000
Net, ending balance	$ 457,000	$ 550,000
Intangible Assets, Other Disclosures
Useful life of core deposit intangible assets	10 years
Customer Relationships | Chartwell
Intangible Assets, Other Disclosures
Amortization period	5 years
Backlog | Chartwell
Intangible Assets, Other Disclosures
Amortization period	5 years 3 months 18 days
Trademark | Chartwell
Intangible Assets, Other Disclosures
Amortization period	15 years
Non-competition agreement | Chartwell
Intangible Assets, Other Disclosures
Amortization period	4 years

GOODWILL AND OTHER INTANGIBLE_4

GOODWILL AND OTHER INTANGIBLE ASSETS - Estimated Amortization Expense of Other Intangible Assets (Details) - USD ($) $ in Thousands	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
Estimated Amortization Expense
2020	$ 706
2021	703
2022	699
2023	612
2024	328
Thereafter	425
Total	$ 3,473	$ 550	$ 646	$ 744

STOCK OFFERINGS (Details)

STOCK OFFERINGS (Details) - USD ($) $ / shares in Units, $ in Thousands	Aug. 27, 2019	Apr. 20, 2017	Mar. 13, 2017	Jun. 30, 2014	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017	Mar. 10, 2017
Stock offering
Number of designated preferred shares (in shares)					733	783
Preferred stock redemption	$ 500				$ 500	$ 0	$ 8,500
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
Liquidation amount				$ 10
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
Liquidation amount				$ 10
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
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 AND OTHER EQUIT_3

STOCK OPTIONS AND OTHER EQUITY AWARDS - Narrative (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Stock options
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)	715,517
Total Stock-based compensation expense	$ 1,759	$ 1,267	$ 813
Common stock options exercised	2,164	2,129	(10)
Stock Options
Stock options
Total Stock-based compensation expense	873	936	813
Common stock options exercised	$ 2,200	$ 2,100	(10)
Shares granted (in shares)	46,250	256,344
Intrinsic value of options exercised	$ 1,900	$ 871	$ 8
Fair Value Assumption Used
Average risk-free interest rates	2.02%	2.81%	2.29%
Weighted average expected life	7 years	7 years	7 years
Expected volatility of the entity's stock price	21.80%	18.64%	22.76%
Expected dividend yield	0.84%	0.54%	0.60%
RSU’s
Stock options
Total Stock-based compensation expense	$ 886	$ 331	$ 0
Granted (in shares)	122,009	62,735
Unrecognized pre-tax compensation expense	$ 1,789
Time Based, Restricted Stock Units
Stock options
Vesting period	5 years	5 years
Granted (in shares)	95,250	53,585
Performance Based, Restricted Stock Units
Stock options
Vesting period	3 years
Granted (in shares)	26,759	9,150
Awards Granted In Period First Group | Stock Options
Stock options
Expiration term	10 years
Vesting period	5 years
Awards Granted In Period Second Group | Stock Options
Stock options
Expiration term	10 years
Shares granted (in shares)	22,000
Vesting period	3 years
Awards Granted In Period Third Group | Stock Options
Stock options
Expiration term	10 years
Shares granted (in shares)	125,000
Vesting period	4 years

STOCK OPTIONS AND OTHER EQUIT_4

STOCK OPTIONS AND OTHER EQUITY AWARDS - Stock Option Activity (Details) - Stock Options - $ / shares	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Number of Shares
Outstanding at beginning of year (in shares)	1,763,491	1,681,645
Granted (in shares)	46,250	256,344
Exercised (in shares)	(210,050)	(161,298)
Forfeited/expired (in shares)	(6,450)	(13,200)
Outstanding at end of year (in shares)	1,593,241	1,763,491	1,681,645
Exercisable at end of year (in shares)	1,049,516	994,598
Weighted-Average Exercise Price
Outstanding at beginning of year (in dollars per share)	$ 14.36	$ 13.46
Granted (in dollars per share)	17.03	19.50
Exercised (in dollars per share)	10.30	13.54
Forfeited/expired (in dollars per share)	17.15	14.97
Outstanding at end of year (in dollars per share)	14.96	14.36	$ 13.46
Exercisable at end of year (in dollars per share)	14.41	13.21
Additional disclosure
Weighted-average fair value of options granted during the year (in dollars per share)	$ 4.22	$ 5.97	$ 4.05

STOCK OPTIONS AND OTHER EQUIT_5

STOCK OPTIONS AND OTHER EQUITY AWARDS - Outstanding and Exercisable (Details) - Stock Options - USD ($)	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Options Outstanding
Total Options (in shares)	1,593,241	1,763,491	1,681,645
Weighted-Average Exercise Price (in dollars per share)	$ 14.96	$ 14.36	$ 13.46
Intrinsic Value	$ 15,586,952
Weighted-Average Remaining Life	5 years 10 months 24 days
Options Exercisable
Total Options (in shares)	1,049,516	994,598
Weighted-Average Exercise Price (in dollars per share)	$ 14.41	$ 13.21
Intrinsic Value	$ 10,838,239
Weighted-Average Remaining Life	5 years 21 days

STOCK OPTIONS AND OTHER EQUIT_6

STOCK OPTIONS AND OTHER EQUITY AWARDS - Summary of RSUs (Details) - RSU’s - $ / shares	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Shares
Balance at beginning of year (in shares)	60,345	0
Granted (in shares)	122,009	62,735
Vested (in shares)	(9,576)	(1,368)
Forfeited (in shares)	(12,020)	(1,022)
Balance at end of year (in shares)	160,758	60,345
Weighted Average Grant Date Fair Value
Balance at beginning of year (in dollars per share)	$ 19.31	$ 0
Granted (in dollars per share)	15.50	19.29
Vested (in dollars per share)	18.27	18.27
Forfeited (in dollars per share)	16.72	19.55
Balance at end of year (in dollars per share)	$ 16.67	$ 19.31

STOCK OPTIONS AND OTHER EQUIT_7

STOCK OPTIONS AND OTHER EQUITY AWARDS - Summary of Unrecognized Pre-tax Compensation Expense (Details) - RSU’s $ in Thousands	Dec. 31, 2019USD ($)
Stock options
2020	$ 778
2021	454
2022	316
2023	173
2024	68
Total unrecognized pre-tax compensation expense	$ 1,789

STOCK OPTIONS AND OTHER EQUIT_8

STOCK OPTIONS AND OTHER EQUITY AWARDS - Summary of Stock-Based Compensation Expense (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Share-based Compensation Arrangement by Share-based Payment Award, Compensation Cost [Line Items]
Total Stock-based compensation expense	$ 1,759	$ 1,267	$ 813
Stock Options
Share-based Compensation Arrangement by Share-based Payment Award, Compensation Cost [Line Items]
Total Stock-based compensation expense	873	936	813
RSU’s
Share-based Compensation Arrangement by Share-based Payment Award, Compensation Cost [Line Items]
Total Stock-based compensation expense	$ 886	$ 331	$ 0

REGULATORY CAPITAL REQUIREMEN_3

REGULATORY CAPITAL REQUIREMENTS (Details) - USD ($) $ in Thousands	Dec. 31, 2019	Dec. 31, 2018
Total Capital (to risk-weighted assets)
Actual, amount		$ 193,495
Actual, ratio		13.80%
Minimum for Capital Adequacy Purposes, amount		$ 112,299
Minimum for Capital Adequacy Purposes, ratio		8.00%
Tier 1 Capital (to risk-weighted assets)
Actual, amount		$ 168,672
Actual, ratio		12.00%
Minimum for Capital Adequacy Purposes, amount		$ 84,224
Minimum for Capital Adequacy Purposes, ratio		6.00%
Common Equity Tier 1 Capital (to risk-weighted assets)
Actual, amount		$ 156,714
Actual, ratio		11.20%
Minimum for Capital Adequacy Purposes, amount		$ 63,168
Minimum for Capital Adequacy Purposes, ratio		4.50%
Tier 1 Capital (to average assets)
Actual, amount		$ 168,672
Actual, ratio		9.90%
Minimum for Capital Adequacy Purposes, amount		$ 68,375
Minimum for Capital Adequacy Purposes, ratio		4.00%
Subsidiary Bank
Total Capital (to risk-weighted assets)
Actual, amount	$ 201,672	$ 186,127
Actual, ratio	12.80%	13.30%
Minimum to be Well Capitalized, amount	$ 157,107	$ 140,065
Minimum to be Well Capitalized, ratio	10.00%	10.00%
Minimum for Capital Adequacy Purposes with Capital Buffer, amount	$ 155,143	$ 138,314
Minimum for Capital Adequacy Purposes with Capital Buffer, ratio	9.88%	9.88%
Minimum for Capital Adequacy Purposes, amount	$ 125,686	$ 112,052
Minimum for Capital Adequacy Purposes, ratio	8.00%	8.00%
Tier 1 Capital (to risk-weighted assets)
Actual, amount	$ 189,365	$ 174,704
Actual, ratio	12100.00%	12.50%
Minimum to be Well Capitalized, amount	$ 125,686	$ 112,052
Minimum to be Well Capitalized, ratio	8000.00%	8.00%
Minimum for Capital Adequacy Purposes with Capital Buffer, amount	$ 123,722	$ 110,301
Minimum for Capital Adequacy Purposes with Capital Buffer, ratio	7880.00%	7.88%
Minimum for Capital Adequacy Purposes, amount	$ 94,264	$ 84,039
Minimum for Capital Adequacy Purposes, ratio	6000.00%	6.00%
Common Equity Tier 1 Capital (to risk-weighted assets)
Actual, amount	$ 189,365	$ 174,704
Actual, ratio	12100.00%	12.50%
Minimum to be Well Capitalized, amount	$ 102,120	$ 91,042
Minimum to be Well Capitalized, ratio	6500.00%	6.50%
Minimum for Capital Adequacy Purposes with Capital Buffer, amount	$ 100,156	$ 89,292
Minimum for Capital Adequacy Purposes with Capital Buffer, ratio	6380.00%	6.38%
Minimum for Capital Adequacy Purposes, amount	$ 70,698	$ 63,029
Minimum for Capital Adequacy Purposes, ratio	4500.00%	4.50%
Tier 1 Capital (to average assets)
Actual, amount	$ 189,365	$ 174,704
Actual, ratio	9.90%	10.20%
Minimum to be Well Capitalized, amount	$ 95,227	$ 85,315
Minimum to be Well Capitalized, ratio	5.00%	5.00%
Minimum for Capital Adequacy Purposes, amount	$ 76,182	$ 68,252
Minimum for Capital Adequacy Purposes, ratio	4.00%	4.00%

REGULATORY RESTRICTION ON DIV_2

REGULATORY RESTRICTION ON DIVIDEND (Details)	12 Months Ended
	Dec. 31, 2019
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

FAIR VALUE OF FINANCIAL INSTR_3

FAIR VALUE OF FINANCIAL INSTRUMENTS (Details) - USD ($)	Dec. 31, 2019	Dec. 31, 2018
Financial assets:
Certificates of deposits with other banks	$ 12,549,000	$ 14,778,000
Securities available-for-sale, at fair value	235,821,000	221,614,000
Equity securities	18,514,000	9,599,000
Mortgage servicing rights	348,000	173,000
Financial liabilities:
FHLB and other borrowings	222,885,000	214,887,000
FHLB and other borrowings
Financial liabilities:
Derivative liability	0	0
Carrying Value
Financial assets:
Cash and cash equivalents	28,002,000	22,221,000
Certificates of deposits with other banks	12,549,000	14,778,000
Securities available-for-sale, at fair value	235,821,000	221,614,000
Equity securities	18,514,000	9,599,000
Loans held for sale	109,788,000	75,807,000
Loans, net	1,362,766,000	1,293,427,000
Mortgage servicing rights	348,000	173,000
Accrued interest receivable	7,909,000	7,710,000
Financial liabilities:
Deposits	1,265,042,000	1,309,154,000
Repurchase agreements	10,172,000	14,925,000
Accrued interest payable	1,060,000	1,064,000
Subordinated debt	4,124,000	17,524,000
Carrying Value | Interest rate lock commitment
Financial assets:
Derivative asset	1,660,000	1,750,000
Carrying Value | Interest rate swap
Financial assets:
Derivative asset	5,722,000	1,375,000
Financial liabilities:
Derivative liability	5,722,000	1,375,000
Carrying Value | Interest rate cap
Financial assets:
Derivative asset	0	8,000
Carrying Value | Fair value hedge
Financial assets:
Derivative asset	1,770,000	343,000
Financial liabilities:
Derivative liability	1,418,000
Carrying Value | FHLB and other borrowings
Financial liabilities:
FHLB and other borrowings	222,885,000	214,887,000
Carrying Value | Mortgage-backed security hedges
Financial liabilities:
Derivative liability	186,000	853,000
Estimated Fair Value
Financial assets:
Cash and cash equivalents	28,002,000	22,221,000
Certificates of deposits with other banks	12,586,000	14,300,000
Securities available-for-sale, at fair value	235,821,000	221,614,000
Equity securities	18,514,000	9,599,000
Loans held for sale	109,788,000	75,807,000
Loans, net	1,364,706,000	1,276,065,000
Mortgage servicing rights	348,000	173,000
Accrued interest receivable	7,909,000	7,710,000
Financial liabilities:
Deposits	1,249,135,000	1,249,164,000
Repurchase agreements	10,172,000	14,925,000
Accrued interest payable	1,060,000	1,064,000
Subordinated debt	4,124,000	18,250,000
Estimated Fair Value | Quoted Prices in Active Markets for Identical Assets (Level I)
Financial assets:
Cash and cash equivalents	28,002,000	22,221,000
Certificates of deposits with other banks	0	0
Securities available-for-sale, at fair value	0	0
Equity securities	0	6,027,000
Loans held for sale	0	0
Loans, net	0	0
Mortgage servicing rights	0	0
Accrued interest receivable	0	0
Financial liabilities:
Deposits	0	0
Repurchase agreements	0	0
Accrued interest payable	0	0
Subordinated debt	0	0
Estimated Fair Value | Significant Other Observable Inputs (Level II)
Financial assets:
Cash and cash equivalents	0	0
Certificates of deposits with other banks	12,586,000	14,300,000
Securities available-for-sale, at fair value	198,562,000	188,492,000
Equity securities	0	3,272,000
Loans held for sale	109,788,000	75,807,000
Loans, net	0	0
Mortgage servicing rights	0	0
Accrued interest receivable	1,591,000	1,368,000
Financial liabilities:
Deposits	1,249,135,000	1,249,164,000
Repurchase agreements	10,172,000	14,925,000
Accrued interest payable	1,060,000	1,064,000
Subordinated debt	4,124,000	18,250,000
Estimated Fair Value | Significant Unobservable Inputs (Level III)
Financial assets:
Cash and cash equivalents	0	0
Certificates of deposits with other banks	0	0
Securities available-for-sale, at fair value	37,259,000	33,122,000
Equity securities	18,514,000	300,000
Loans held for sale	0	0
Loans, net	1,364,706,000	1,276,065,000
Mortgage servicing rights	348,000	173,000
Accrued interest receivable	6,317,000	6,342,000
Financial liabilities:
Deposits	0	0
Repurchase agreements	0	0
Accrued interest payable	0	0
Subordinated debt	0	0
Estimated Fair Value | Interest rate lock commitment
Financial assets:
Derivative asset	1,660,000	1,750,000
Estimated Fair Value | Interest rate lock commitment | Quoted Prices in Active Markets for Identical Assets (Level I)
Financial assets:
Derivative asset	0	0
Estimated Fair Value | Interest rate lock commitment | Significant Other Observable Inputs (Level II)
Financial assets:
Derivative asset	0	0
Estimated Fair Value | Interest rate lock commitment | Significant Unobservable Inputs (Level III)
Financial assets:
Derivative asset	1,660,000	1,750,000
Estimated Fair Value | Interest rate swap
Financial assets:
Derivative asset	5,722,000	1,375,000
Financial liabilities:
Derivative liability	5,722,000	1,375,000
Estimated Fair Value | Interest rate swap | Quoted Prices in Active Markets for Identical Assets (Level I)
Financial assets:
Derivative asset	0	0
Financial liabilities:
Derivative liability	0	0
Estimated Fair Value | Interest rate swap | Significant Other Observable Inputs (Level II)
Financial assets:
Derivative asset	5,722,000	1,375,000
Financial liabilities:
Derivative liability	5,722,000	1,375,000
Estimated Fair Value | Interest rate swap | Significant Unobservable Inputs (Level III)
Financial assets:
Derivative asset	0	0
Financial liabilities:
Derivative liability	0	0
Estimated Fair Value | Interest rate cap
Financial assets:
Derivative asset		8,000
Estimated Fair Value | Interest rate cap | Quoted Prices in Active Markets for Identical Assets (Level I)
Financial assets:
Derivative asset		0
Estimated Fair Value | Interest rate cap | Significant Other Observable Inputs (Level II)
Financial assets:
Derivative asset		8,000
Estimated Fair Value | Interest rate cap | Significant Unobservable Inputs (Level III)
Financial assets:
Derivative asset		0
Estimated Fair Value | Fair value hedge
Financial assets:
Derivative asset	1,770,000	343,000
Financial liabilities:
Derivative liability	1,418,000
Estimated Fair Value | Fair value hedge | Quoted Prices in Active Markets for Identical Assets (Level I)
Financial assets:
Derivative asset	0	0
Financial liabilities:
Derivative liability	0
Estimated Fair Value | Fair value hedge | Significant Other Observable Inputs (Level II)
Financial assets:
Derivative asset	1,770,000	343,000
Financial liabilities:
Derivative liability	1,418,000
Estimated Fair Value | Fair value hedge | Significant Unobservable Inputs (Level III)
Financial assets:
Derivative asset	0	0
Financial liabilities:
Derivative liability	0
Estimated Fair Value | FHLB and other borrowings
Financial liabilities:
FHLB and other borrowings	222,891,000	214,969,000
Estimated Fair Value | FHLB and other borrowings | Quoted Prices in Active Markets for Identical Assets (Level I)
Financial liabilities:
FHLB and other borrowings	0	0
Estimated Fair Value | FHLB and other borrowings | Significant Other Observable Inputs (Level II)
Financial liabilities:
FHLB and other borrowings	222,891,000	214,969,000
Estimated Fair Value | FHLB and other borrowings | Significant Unobservable Inputs (Level III)
Financial liabilities:
FHLB and other borrowings	0	0
Estimated Fair Value | Mortgage-backed security hedges
Financial liabilities:
Derivative liability	186,000	853,000
Estimated Fair Value | Mortgage-backed security hedges | Quoted Prices in Active Markets for Identical Assets (Level I)
Financial liabilities:
Derivative liability	0	0
Estimated Fair Value | Mortgage-backed security hedges | Significant Other Observable Inputs (Level II)
Financial liabilities:
Derivative liability	186,000	853,000
Estimated Fair Value | Mortgage-backed security hedges | Significant Unobservable Inputs (Level III)
Financial liabilities:
Derivative liability	$ 0	$ 0

FAIR VALUE MEASUREMENTS - Asset

FAIR VALUE MEASUREMENTS - Assets and Liabilities Measured at Fair Value on Recurring Basis (Details) - USD ($) $ in Thousands	Dec. 31, 2019	Dec. 31, 2018
Fair value of assets and liabilities
Securities available-for-sale, at fair value	$ 235,821	$ 221,614
Equity securities	18,514	9,599
Recurring
Fair value of assets and liabilities
Equity securities		9,599
Loans held for sale	109,788	75,807
Recurring | Level I
Fair value of assets and liabilities
Equity securities		6,027
Loans held for sale	0	0
Recurring | Level II
Fair value of assets and liabilities
Equity securities		3,272
Loans held for sale	109,788	75,807
Recurring | Level III
Fair value of assets and liabilities
Equity securities		300
Loans held for sale	0	0
U. S. Agency securities
Fair value of assets and liabilities
Securities available-for-sale, at fair value	51,996	77,430
U. S. Agency securities | Recurring
Fair value of assets and liabilities
Securities available-for-sale, at fair value	51,996	77,430
U. S. Agency securities | Recurring | Level I
Fair value of assets and liabilities
Securities available-for-sale, at fair value	0	0
U. S. Agency securities | Recurring | Level II
Fair value of assets and liabilities
Securities available-for-sale, at fair value	51,996	77,430
U. S. Agency securities | Recurring | Level III
Fair value of assets and liabilities
Securities available-for-sale, at fair value	0	0
U.S. Sponsored Mortgage-backed securities
Fair value of assets and liabilities
Securities available-for-sale, at fair value	58,312	50,115
U.S. Sponsored Mortgage-backed securities | Recurring
Fair value of assets and liabilities
Securities available-for-sale, at fair value	58,312	50,115
U.S. Sponsored Mortgage-backed securities | Recurring | Level I
Fair value of assets and liabilities
Securities available-for-sale, at fair value	0	0
U.S. Sponsored Mortgage-backed securities | Recurring | Level II
Fair value of assets and liabilities
Securities available-for-sale, at fair value	58,312	50,115
U.S. Sponsored Mortgage-backed securities | Recurring | Level III
Fair value of assets and liabilities
Securities available-for-sale, at fair value	0	0
Municipal securities | Recurring
Fair value of assets and liabilities
Securities available-for-sale, at fair value	113,092	83,761
Municipal securities | Recurring | Level I
Fair value of assets and liabilities
Securities available-for-sale, at fair value	0	0
Municipal securities | Recurring | Level II
Fair value of assets and liabilities
Securities available-for-sale, at fair value	75,833	50,639
Municipal securities | Recurring | Level III
Fair value of assets and liabilities
Securities available-for-sale, at fair value	37,259	33,122
Other securities
Fair value of assets and liabilities
Securities available-for-sale, at fair value	12,421
Other securities | Recurring
Fair value of assets and liabilities
Securities available-for-sale, at fair value	12,421	10,308
Other securities | Recurring | Level I
Fair value of assets and liabilities
Securities available-for-sale, at fair value	0	0
Other securities | Recurring | Level II
Fair value of assets and liabilities
Securities available-for-sale, at fair value	12,421	10,308
Other securities | Recurring | Level III
Fair value of assets and liabilities
Securities available-for-sale, at fair value	0	0
Interest rate lock commitment | Recurring
Fair value of assets and liabilities
Derivative asset	1,660	1,750
Interest rate lock commitment | Recurring | Level I
Fair value of assets and liabilities
Derivative asset	0	0
Interest rate lock commitment | Recurring | Level II
Fair value of assets and liabilities
Derivative asset	0	0
Interest rate lock commitment | Recurring | Level III
Fair value of assets and liabilities
Derivative asset	1,660	1,750
Interest rate swap | Recurring
Fair value of assets and liabilities
Derivative asset	5,722	1,375
Derivative liability	5,722	1,375
Interest rate swap | Recurring | Level I
Fair value of assets and liabilities
Derivative asset	0	0
Derivative liability	0	0
Interest rate swap | Recurring | Level II
Fair value of assets and liabilities
Derivative asset	5,722	1,375
Derivative liability	5,722	1,375
Interest rate swap | Recurring | Level III
Fair value of assets and liabilities
Derivative asset	0	0
Derivative liability	0	0
Interest rate cap | Recurring
Fair value of assets and liabilities
Derivative asset		8
Interest rate cap | Recurring | Level I
Fair value of assets and liabilities
Derivative asset		0
Interest rate cap | Recurring | Level II
Fair value of assets and liabilities
Derivative asset		8
Interest rate cap | Recurring | Level III
Fair value of assets and liabilities
Derivative asset		0
Fair value hedge | Recurring
Fair value of assets and liabilities
Derivative asset	1,770
Derivative liability	1,418	343
Fair value hedge | Recurring | Level I
Fair value of assets and liabilities
Derivative asset	0
Derivative liability	0	0
Fair value hedge | Recurring | Level II
Fair value of assets and liabilities
Derivative asset	1,770
Derivative liability	1,418	343
Fair value hedge | Recurring | Level III
Fair value of assets and liabilities
Derivative asset	0
Derivative liability	0	0
Mortgage-backed security hedges | Recurring
Fair value of assets and liabilities
Derivative liability	186	853
Mortgage-backed security hedges | Recurring | Level I
Fair value of assets and liabilities
Derivative liability	0	0
Mortgage-backed security hedges | Recurring | Level II
Fair value of assets and liabilities
Derivative liability	186	853
Mortgage-backed security hedges | Recurring | Level III
Fair value of assets and liabilities
Derivative liability	$ 0	$ 0

FAIR VALUE MEASUREMENTS - Recur

FAIR VALUE MEASUREMENTS - Recurring Level III Assets (Details) - Level III - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Beginning balance	$ 35,172	$ 25,235
Realized and unrealized gains included in earnings	(90)	324
Purchase of securities	842	6,232
Reclassification to nonrecurring assets	(300)
Reclassification to nonrecurring assets		(600)
Unrealized gain included in other comprehensive income (loss)	18,128	4,191
Unrealized loss included in other comprehensive income (loss)	(14,833)	(210)
Ending balance	38,919	35,172
Equity Securities
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Beginning balance	300	900
Realized and unrealized gains included in earnings	0	0
Purchase of securities	0	0
Reclassification to nonrecurring assets	(300)
Reclassification to nonrecurring assets		(600)
Unrealized gain included in other comprehensive income (loss)	0	0
Unrealized loss included in other comprehensive income (loss)	0	0
Ending balance	0	300
Interest rate lock commitment | Loans Receivable
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Beginning balance	1,750	1,426
Realized and unrealized gains included in earnings	(90)	324
Purchase of securities	0	0
Reclassification to nonrecurring assets	0
Reclassification to nonrecurring assets		0
Unrealized gain included in other comprehensive income (loss)	0	0
Unrealized loss included in other comprehensive income (loss)	0	0
Ending balance	1,660	1,750
Municipal Securities | Total debt securities
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Beginning balance	33,122	22,909
Realized and unrealized gains included in earnings	0	0
Purchase of securities	842	6,232
Reclassification to nonrecurring assets	0
Reclassification to nonrecurring assets		0
Unrealized gain included in other comprehensive income (loss)	18,128	4,191
Unrealized loss included in other comprehensive income (loss)	(14,833)	(210)
Ending balance	$ 37,259	$ 33,122

FAIR VALUE MEASUREMENTS - Ass_2

FAIR VALUE MEASUREMENTS - Assets Measured at Fair Value on Nonrecurring Basis (Details) - Non-recurring - USD ($) $ in Thousands	Dec. 31, 2019	Dec. 31, 2018
Impaired loans
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value	$ 8,909	$ 11,735
Impaired loans | Level I
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value	0	0
Impaired loans | Level II
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value	0	0
Impaired loans | Level III
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value	8,909	11,735
Other real estate owned
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value	1,397	2,145
Other real estate owned | Level I
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value	0	0
Other real estate owned | Level II
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value	0	0
Other real estate owned | Level III
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value	1,397	$ 2,145
Equity Securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value	18,514
Equity Securities | Level I
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value	0
Equity Securities | Level II
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value	0
Equity Securities | Level III
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value	$ 18,514

FAIR VALUE MEASUREMENTS - Quant

FAIR VALUE MEASUREMENTS - Quantitative Information About Level III Significant Unobservable Inputs (Details) $ in Thousands	Dec. 31, 2019USD ($)	Dec. 31, 2018USD ($)
Non-recurring | Impaired loans
Quantitative Information about Level III Fair Value Measurements
Fair Value	$ 8,909	$ 11,735
Non-recurring | Impaired loans | Level III
Quantitative Information about Level III Fair Value Measurements
Fair Value	8,909	11,735
Non-recurring | Other real estate owned
Quantitative Information about Level III Fair Value Measurements
Fair Value	1,397	2,145
Non-recurring | Other real estate owned | Level III
Quantitative Information about Level III Fair Value Measurements
Fair Value	1,397	2,145
Recurring | Municipal Securities | Level III
Quantitative Information about Level III Fair Value Measurements
Fair Value	37,259	33,122
Recurring | Equity Securities | Level III
Quantitative Information about Level III Fair Value Measurements
Fair Value	18,514	300
Recurring | Interest rate lock commitment | Level III
Quantitative Information about Level III Fair Value Measurements
Fair Value	$ 1,660	$ 1,750
Appraisal adjustments | Non-recurring | Impaired loans | Appraisal of collateral | Level III | Minimum
Quantitative Information about Level III Fair Value Measurements
Impaired loans	0.20	0.20
Appraisal adjustments | Non-recurring | Impaired loans | Appraisal of collateral | Level III | Maximum
Quantitative Information about Level III Fair Value Measurements
Impaired loans	0.62	0.62
Appraisal adjustments | Non-recurring | Other real estate owned | Appraisal of collateral | Level III | Minimum
Quantitative Information about Level III Fair Value Measurements
Other real estate owned	0.20	0.20
Appraisal adjustments | Non-recurring | Other real estate owned | Appraisal of collateral | Level III | Maximum
Quantitative Information about Level III Fair Value Measurements
Other real estate owned	0.30	0.30
Appraisal adjustments | Recurring | Municipal Securities | Appraisal of bond | Level III | Minimum
Quantitative Information about Level III Fair Value Measurements
Municipal securities	0.05	0.05
Appraisal adjustments | Recurring | Municipal Securities | Appraisal of bond | Level III | Maximum
Quantitative Information about Level III Fair Value Measurements
Municipal securities	0.15	0.15
Liquidation expense | Non-recurring | Impaired loans | Appraisal of collateral | Level III | Minimum
Quantitative Information about Level III Fair Value Measurements
Impaired loans	0.05	0.05
Liquidation expense | Non-recurring | Impaired loans | Appraisal of collateral | Level III | Maximum
Quantitative Information about Level III Fair Value Measurements
Impaired loans	0.10	0.10
Liquidation expense | Non-recurring | Other real estate owned | Appraisal of collateral | Level III | Minimum
Quantitative Information about Level III Fair Value Measurements
Other real estate owned	0.05	0.05
Liquidation expense | Non-recurring | Other real estate owned | Appraisal of collateral | Level III | Maximum
Quantitative Information about Level III Fair Value Measurements
Other real estate owned	0.10	0.10
Pull through rates | Recurring | Interest rate lock commitment | Pricing model | Level III | Minimum
Quantitative Information about Level III Fair Value Measurements
Derivative asset measurement input	0.77	0.80
Pull through rates | Recurring | Interest rate lock commitment | Pricing model | Level III | Maximum
Quantitative Information about Level III Fair Value Measurements
Derivative asset measurement input	0.82	0.88
Cost minus impairment | Recurring | Equity Securities | Net asset value | Level III
Quantitative Information about Level III Fair Value Measurements
Equity securities	0	0

COMPREHENSIVE INCOME - Reclassi

COMPREHENSIVE INCOME - Reclassifications (Details) - USD ($) $ in Thousands	3 Months Ended								12 Months Ended
	Dec. 31, 2019	Sep. 30, 2019	Jun. 30, 2019	Mar. 31, 2019	Dec. 31, 2018	Sep. 30, 2018	Jun. 30, 2018	Mar. 31, 2018	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Comprehensive Income
(Loss) gain on sale of available-for-sale securities, net									$ (166)	$ 327	$ 731
Salaries and benefits									(56,175)	(46,224)	(44,108)
Interest on investment securities - taxable									3,055	3,580	2,658
Income from continuing operations, before income taxes									35,014	15,376	12,330
Income tax expense									(8,450)	(3,373)	(4,755)
Net Income	$ 4,095	$ 4,327	$ 15,377	$ 3,192	$ 2,999	$ 3,579	$ 2,831	$ 2,594	26,991	12,003	7,575
Amount reclassified from AOCI
Comprehensive Income
Net Income									(352)	16	294
Available-for-sale securities | Amount reclassified from AOCI
Comprehensive Income
(Loss) gain on sale of available-for-sale securities, net									(166)	327	731
Income from continuing operations, before income taxes									(166)	327	731
Income tax expense									44	(88)	(292)
Net Income									(122)	239	439
Defined benefit pension plan items | Amount reclassified from AOCI
Comprehensive Income
Salaries and benefits									(271)	(306)	(241)
Income from continuing operations, before income taxes									(271)	(306)	(241)
Income tax expense									73	83	96
Net Income									(198)	(223)	(145)
Investment hedge | Amount reclassified from AOCI
Comprehensive Income
Interest on investment securities - taxable									(44)	0	0
Income from continuing operations, before income taxes									(44)	0	0
Income tax expense									12	0	0
Net Income									$ (32)	$ 0	$ 0

COMPREHENSIVE INCOME - Componen

COMPREHENSIVE INCOME - Components of AOCI (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Accumulated Other Comprehensive Income (AOCI)
Beginning balance	$ 176,773	$ 150,192	$ 145,625
Other comprehensive income (loss) before reclassification	5,133	(3,058)
Amounts reclassified from AOCI	352	(16)
Total other comprehensive income (loss)	5,485	(3,074)	1,289
Stranded AOCI		0
Mark to Market on equity positions held at December 31, 2017			0
Ending balance	211,936	176,773	150,192
Unrealized gains (losses) on available for-sale securities
Accumulated Other Comprehensive Income (AOCI)
Beginning balance	(3,384)	(5)
Other comprehensive income (loss) before reclassification	6,204	(3,042)
Amounts reclassified from AOCI	122	(239)
Total other comprehensive income (loss)	6,326	(3,281)
Stranded AOCI		0
Mark to Market on equity positions held at December 31, 2017			(98)
Ending balance	2,942	(3,384)	(5)
Defined benefit pension plan items
Accumulated Other Comprehensive Income (AOCI)
Beginning balance	(3,422)	(2,983)
Other comprehensive income (loss) before reclassification	(1,071)	(16)
Amounts reclassified from AOCI	198	223
Total other comprehensive income (loss)	(873)	207
Stranded AOCI		(646)
Mark to Market on equity positions held at December 31, 2017			0
Ending balance	(4,295)	(3,422)	(2,983)
Investment hedge
Accumulated Other Comprehensive Income (AOCI)
Beginning balance	0	0
Other comprehensive income (loss) before reclassification	0	0
Amounts reclassified from AOCI	32	0
Total other comprehensive income (loss)	32	0
Stranded AOCI		0
Mark to Market on equity positions held at December 31, 2017			0
Ending balance	32	0	0
AOCI attributable to parent
Accumulated Other Comprehensive Income (AOCI)
Beginning balance	(6,806)	(2,988)	(4,277)
Total other comprehensive income (loss)	5,485	(3,074)	1,289
Stranded AOCI		(646)
Mark to Market on equity positions held at December 31, 2017			(98)
Ending balance	$ (1,321)	$ (6,806)	$ (2,988)

CONDENSED FINANCIAL STATEMENT_3

CONDENSED FINANCIAL STATEMENTS OF PARENT COMPANY - Balance Sheet (Details) - USD ($) $ in Thousands	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
Assets
TOTAL ASSETS	$ 1,944,114	$ 1,750,969	$ 1,534,302
Liabilities and stockholders’ equity
Long-term debt	227,009
Total liabilities	1,732,178	1,574,196
Total stockholders’ equity	211,936	176,773	$ 150,192	$ 145,625
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY	1,944,114	1,750,969
Parent Company
Assets
Cash	1,058	4,449
Investment in subsidiaries	211,271	187,052
Other assets	6,397	5,036
TOTAL ASSETS	218,726	196,537
Liabilities and stockholders’ equity
Other liabilities	2,666	2,240
Long-term debt	4,124	17,524
Total liabilities	6,790	19,764
Total stockholders’ equity	211,936	176,773
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY	$ 218,726	$ 196,537

CONDENSED FINANCIAL STATEMENT_4

CONDENSED FINANCIAL STATEMENTS OF PARENT COMPANY - Income Statement (Details) - USD ($) $ in Thousands	3 Months Ended								12 Months Ended
	Dec. 31, 2019	Sep. 30, 2019	Jun. 30, 2019	Mar. 31, 2019	Dec. 31, 2018	Sep. 30, 2018	Jun. 30, 2018	Mar. 31, 2018	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Condensed Statements of income
Income tax expense - continuing operations									$ 8,450	$ 3,373	$ 4,755
Income from discontinued operations									575	0	0
Income tax - discontinued operations									148	0	0
Net Income from discontinued operations									427	0	0
Net Income	$ 4,095	$ 4,327	$ 15,377	$ 3,192	$ 2,999	$ 3,579	$ 2,831	$ 2,594	26,991	12,003	7,575
Preferred dividends									479	489	498
Net Income available to common shareholders									26,512	11,514	7,077
Parent Company
Condensed Statements of income
Income - dividends from Bank subsidiary									6,280	8,906	13,724
Expenses - operating									14,296	13,439	11,974
(Loss)/ income before income taxes and undistributed earnings - continuing operations									(8,016)	(4,533)	1,750
Income tax expense - continuing operations									(1,880)	(1,569)	(2,147)
(Loss)/ income after tax from continuing operations									(6,136)	(2,964)	3,897
Income from discontinued operations									575	0	0
Income tax - discontinued operations									148	0	0
Net Income from discontinued operations									427	0	0
Equity in undistributed income earnings of subsidiaries									32,700	14,967	3,678
Net Income									26,991	12,003	7,575
Preferred dividends									479	489	498
Net Income available to common shareholders									$ 26,512	$ 11,514	$ 7,077

CONDENSED FINANCIAL STATEMENT_5

CONDENSED FINANCIAL STATEMENTS OF PARENT COMPANY - Cash Flow (Details) - USD ($) $ in Thousands	Aug. 27, 2019	Dec. 31, 2019	Sep. 30, 2019	Jun. 30, 2019	Mar. 31, 2019	Dec. 31, 2018	Sep. 30, 2018	Jun. 30, 2018	Mar. 31, 2018	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
OPERATING ACTIVITIES
Net Income		$ 4,095	$ 4,327	$ 15,377	$ 3,192	$ 2,999	$ 3,579	$ 2,831	$ 2,594	$ 26,991	$ 12,003	$ 7,575
Stock option expense										1,759	1,267	813
Net cash (used in) provided by operating activities										(8,062)	6,694	33,121
INVESTING ACTIVITIES
Net cash used in investing activities										(120,055)	(209,977)	(136,100)
FINANCING ACTIVITIES
Proceeds from stock issuance										0	0	4,931
Preferred stock redemption	$ (500)									(500)	0	(8,500)
Common stock options exercised										2,164	2,129	(10)
Cash dividends paid on common stock										(2,290)	(1,220)	(1,033)
Cash dividends paid on preferred stock										(479)	(489)	(498)
Net cash provided by financing activities										133,898	205,199	105,944
Increase (decrease) in cash and cash equivalents										5,781	1,916	2,965
Cash and cash equivalents at beginning of period					22,221				20,305	22,221	20,305	17,340
Cash and cash equivalents at end of period		28,002				22,221				28,002	22,221	20,305
Noncash common stock converted from subordinated debt										1,000	15,965	0
Parent Company
OPERATING ACTIVITIES
Net Income										26,991	12,003	7,575
Equity in undistributed earnings of subsidiaries										(32,700)	(14,967)	(3,678)
(Increase) decrease in other assets										(4,104)	1,997	(2,214)
Decrease (increase) in other liabilities										344	1,311	(234)
Stock option expense										1,759	1,267	813
Net cash (used in) provided by operating activities										(7,710)	1,611	2,262
INVESTING ACTIVITIES
Investment in subsidiaries										16,791	(2,194)	(947)
Net cash used in investing activities										16,791	(2,194)	(947)
FINANCING ACTIVITIES
Proceeds from stock issuance										1,033	0	4,931
AOCI reclassification of pension and available-for-sale investments										0	743	0
Retirement of subordinated debt										(12,400)	(35)	0
Preferred stock redemption										(500)	0	(8,500)
Common stock options exercised										2,164	2,129	(10)
Cash dividends paid on common stock										(2,290)	(1,220)	(1,033)
Cash dividends paid on preferred stock										(479)	(489)	(498)
Net cash provided by financing activities										(12,472)	1,128	(5,110)
Increase (decrease) in cash and cash equivalents										(3,391)	545	(3,795)
Cash and cash equivalents at beginning of period					$ 4,449				$ 3,904	4,449	3,904	7,699
Cash and cash equivalents at end of period		$ 1,058				$ 4,449				1,058	4,449	3,904
Noncash common stock converted from subordinated debt										$ 1,000	$ 15,965	$ 0

SEGMENT REPORTING - Narrative (

SEGMENT REPORTING - Narrative (Details) $ in Thousands	Jun. 30, 2016USD ($)	Dec. 31, 2019USD ($)	Sep. 30, 2019USD ($)	Jun. 30, 2019USD ($)	Mar. 31, 2019USD ($)	Dec. 31, 2018USD ($)	Sep. 30, 2018USD ($)	Jun. 30, 2018USD ($)	Mar. 31, 2018USD ($)	Dec. 31, 2019USD ($)segment	Dec. 31, 2018USD ($)	Dec. 31, 2017USD ($)
Segment Reporting Information [Line Items]
Number of reportable segments | segment										3
Net income (loss)		$ 4,095	$ 4,327	$ 15,377	$ 3,192	$ 2,999	$ 3,579	$ 2,831	$ 2,594	$ 26,991	$ 12,003	$ 7,575
Increase (decrease) in professional fees										4,999	3,559	3,143
Operating Segments | Commercial & Retail Banking
Segment Reporting Information [Line Items]
Net income (loss)										26,932	15,503	10,331
Increase (decrease) in net interest income										7,100
Increase (decrease) in interest and fee income										11,900
Increase (decrease) in deposit interest										5,800
Increase (decrease) in noninterest income										16,600
Increase (decrease) in holding gain on equity securities										13,100
Increase (decrease) In commercial swap fee income										1,200
Increase (decrease) in noninterest expense										9,100
Increase (decrease) in salaries expense										4,100
Increase (decrease) in occupancy and equipment expense										1,100
Increase (decrease) in professional fees										1,400
Increase (decrease) in other operating expense										928
Increase (decrease) travel, entertainment, dues, and subscriptions										811
Increase (decrease) related to build-out of administration										2,000
Increase (decrease) related to build-out of fintech team										1,400
Increase (decrease) in provision expense										(764)
Increase (decrease) in income tax expense										3,900
Operating Segments | Commercial & Retail Banking | Chartwell
Segment Reporting Information [Line Items]
Increase (decrease) in salaries expense										623
Operating Segments | Mortgage Banking
Segment Reporting Information [Line Items]
Net income (loss)										5,767	1,953	1,599
Increase (decrease) in net interest income										(254)
Increase (decrease) in noninterest income										9,700
Increase (decrease) in noninterest expense										4,000
Increase (decrease) in mortgage fee income										8,200
Increase (decrease) in gain on sale of securities										1,500
Increase (decrease) in salaries expense										4,500
Increase (decrease) travel, entertainment, dues, and subscriptions										$ 475
Increase (decrease) in origination volume (as a percentage)										30.30%
Increase (decrease) in earn out payments										$ 516
Increase (decrease) in mortgage processing expense										(510)
Operating Segments | Financial Holding Company
Segment Reporting Information [Line Items]
Net income (loss)										(5,708)	$ (5,453)	$ (4,355)
Increase (decrease) in net interest income										(987)
Increase (decrease) in noninterest income										(143)
Increase (decrease) in noninterest expense										1,800
Increase (decrease) in salaries expense										1,300
Increase (decrease) in income tax expense										$ 163
USI Insurance Services | Discontinued operations disposed of by sale
Segment Reporting Information [Line Items]
Pre-tax gain on discontinued operations	$ 6,900

SEGMENT REPORTING - Reportable

SEGMENT REPORTING - Reportable Segments and Reconciliation (Details) - USD ($) $ in Thousands	3 Months Ended								12 Months Ended
	Dec. 31, 2019	Sep. 30, 2019	Jun. 30, 2019	Mar. 31, 2019	Dec. 31, 2018	Sep. 30, 2018	Jun. 30, 2018	Mar. 31, 2018	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
Information About the Reportable Segments
Interest income	$ 21,230	$ 21,038	$ 20,470	$ 19,623	$ 19,586	$ 18,176	$ 16,944	$ 15,054	$ 82,361	$ 69,760	$ 56,598
Interest expense									22,961	17,706	12,301
Net Interest Income	15,865	15,034	14,529	13,972	14,410	13,524	12,655	11,465	59,400	52,054	44,297
Provision for loan losses									1,789	2,440	2,173
Net interest income after provision for loan losses									57,611	49,614	42,124
Noninterest Income:
Mortgage fee income									41,045	32,337	37,149
Other income									23,559	6,303	3,557
Total noninterest income									64,604	38,640	40,706
Noninterest Expenses:
Salary and employee benefits									56,175	46,224	44,108
Other expense									31,026	26,654	26,392
Total noninterest expense									87,201	72,878	70,500
Income from continuing operations, before income taxes									35,014	15,376	12,330
Income tax expense - continuing operations									8,450	3,373	4,755
Net Income from continuing operations									26,564	12,003	7,575
Income from discontinued operations, before income taxes									575	0	0
Income tax expense - discontinued operations									148	0	0
Net Income from discontinued operations									427	0	0
Net Income	4,095	$ 4,327	$ 15,377	$ 3,192	2,999	$ 3,579	$ 2,831	$ 2,594	26,991	12,003	7,575
Preferred dividends									479	489	498
Net income (loss) available to common stockholders									26,512	11,514	7,077
Capital expenditures									2,042	2,693	4,496
Total assets	1,944,114				1,750,969				1,944,114	1,750,969	1,534,302
Goodwill	19,630				18,480				19,630	18,480	18,480	$ 18,480
Operating Segments | Commercial & Retail Banking
Information About the Reportable Segments
Interest income									75,874	63,762	52,423
Interest expense									18,698	13,667	9,118
Net Interest Income									57,176	50,095	43,305
Provision for loan losses									1,622	2,386	1,967
Net interest income after provision for loan losses									55,554	47,709	41,338
Noninterest Income:
Mortgage fee income									657	585	736
Other income									23,033	6,479	5,866
Total noninterest income									23,690	7,064	6,602
Noninterest Expenses:
Salary and employee benefits									19,067	14,924	12,266
Other expense									25,070	20,081	19,523
Total noninterest expense									44,137	35,005	31,789
Income from continuing operations, before income taxes									35,107	19,768	16,151
Income tax expense - continuing operations									8,175	4,265	5,820
Net Income from continuing operations									26,932
Income from discontinued operations, before income taxes									0
Income tax expense - discontinued operations									0
Net Income from discontinued operations									0
Net Income									26,932	15,503	10,331
Preferred dividends									0	0	0
Net income (loss) available to common stockholders									26,932	15,503	10,331
Capital expenditures									1,438	2,284	3,226
Total assets	1,953,975				1,753,932				1,953,975	1,753,932	1,533,497
Goodwill	2,748				1,598				2,748	1,598	1,598
Operating Segments | Mortgage Banking
Information About the Reportable Segments
Interest income									8,342	6,667	4,698
Interest expense									6,014	4,085	2,317
Net Interest Income									2,328	2,582	2,381
Provision for loan losses									167	54	206
Net interest income after provision for loan losses									2,161	2,528	2,175
Noninterest Income:
Mortgage fee income									41,040	32,880	37,262
Other income									1,289	(243)	(2,372)
Total noninterest income									42,329	32,637	34,890
Noninterest Expenses:
Salary and employee benefits									28,432	23,927	26,196
Other expense									8,136	8,608	8,188
Total noninterest expense									36,568	32,535	34,384
Income from continuing operations, before income taxes									7,922	2,630	2,681
Income tax expense - continuing operations									2,155	677	1,082
Net Income from continuing operations									5,767
Income from discontinued operations, before income taxes									0
Income tax expense - discontinued operations									0
Net Income from discontinued operations									0
Net Income									5,767	1,953	1,599
Preferred dividends									0	0	0
Net income (loss) available to common stockholders									5,767	1,953	1,599
Capital expenditures									112	272	1,187
Total assets	248,382				165,430				248,382	165,430	149,323
Goodwill	16,882				16,882				16,882	16,882	16,882
Operating Segments | Financial Holding Company
Information About the Reportable Segments
Interest income									13	5	4
Interest expense									769	1,756	2,241
Net Interest Income									(756)	(1,751)	(2,237)
Provision for loan losses									0	0	0
Net interest income after provision for loan losses									(756)	(1,751)	(2,237)
Noninterest Income:
Mortgage fee income									0	0	0
Other income									6,268	6,411	5,466
Total noninterest income									6,268	6,411	5,466
Noninterest Expenses:
Salary and employee benefits									8,676	7,373	5,646
Other expense									4,851	4,309	4,085
Total noninterest expense									13,527	11,682	9,731
Income from continuing operations, before income taxes									(8,015)	(7,022)	(6,502)
Income tax expense - continuing operations									(1,880)	(1,569)	(2,147)
Net Income from continuing operations									(6,135)
Income from discontinued operations, before income taxes									575
Income tax expense - discontinued operations									148
Net Income from discontinued operations									427
Net Income									(5,708)	(5,453)	(4,355)
Preferred dividends									479	489	498
Net income (loss) available to common stockholders									(6,187)	(5,942)	(4,853)
Capital expenditures									492	137	83
Total assets	216,411				196,537				216,411	196,537	184,674
Goodwill	0				0				0	0	0
Intercompany Eliminations
Information About the Reportable Segments
Interest income									(1,868)	(674)	(527)
Interest expense									(2,520)	(1,802)	(1,375)
Net Interest Income									652	1,128	848
Provision for loan losses									0	0	0
Net interest income after provision for loan losses									652	1,128	848
Noninterest Income:
Mortgage fee income									(652)	(1,128)	(849)
Other income									(7,031)	(6,344)	(5,403)
Total noninterest income									(7,683)	(7,472)	(6,252)
Noninterest Expenses:
Salary and employee benefits									0	0	0
Other expense									(7,031)	(6,344)	(5,404)
Total noninterest expense									(7,031)	(6,344)	(5,404)
Income from continuing operations, before income taxes									0	0	0
Income tax expense - continuing operations									0	0	0
Net Income from continuing operations									0
Income from discontinued operations, before income taxes									0
Income tax expense - discontinued operations									0
Net Income from discontinued operations									0
Net Income									0	0	0
Preferred dividends									0	0	0
Net income (loss) available to common stockholders									0	0	0
Capital expenditures									0	0	0
Total assets	(474,654)				(364,930)				(474,654)	(364,930)	(333,192)
Goodwill	$ 0				$ 0				$ 0	$ 0	$ 0

DISCONTINUED OPERATIONS - Narra

DISCONTINUED OPERATIONS - Narrative (Details) - USD ($)	Jun. 30, 2016	Jun. 30, 2019	Dec. 31, 2019	Dec. 31, 2018	Jun. 30, 2017
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Assets of discontinued operation			$ 46,554,000	$ 0
Discontinued operations disposed of by sale
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Liabilities retained after sale			0	0
Assets of discontinued operation			$ 0	$ 0
USI Insurance Services | Discontinued operations disposed of by sale
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Pre-tax gain on discontinued operations	$ 6,900,000
Liabilities retained after sale					$ 424,000
Proceeds from sale	$ 7,000,000
Earn-out payment		$ 600,000
Earn-out payment received		$ 575,000

DISCONTINUED OPERATIONS - Net I

DISCONTINUED OPERATIONS - Net Income (Losses) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
NONINTEREST INCOME
Income from discontinued operations, before income taxes	$ 575	$ 0	$ 0
Income tax expense - discontinued operations	148	0	0
Net Income from discontinued operations	427	0	0
USI Insurance Services | Discontinued operations disposed of by sale
NONINTEREST INCOME
Other operating income	575	0	0
Total noninterest income	575	0	0
Income from discontinued operations, before income taxes	575	0	0
Income tax expense - discontinued operations	148	0	0
Net Income from discontinued operations	$ 427	$ 0	$ 0

QUARTERLY FINANCIAL DATA (UNA_3

QUARTERLY FINANCIAL DATA (UNAUDITED) (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended								12 Months Ended
	Dec. 31, 2019	Sep. 30, 2019	Jun. 30, 2019	Mar. 31, 2019	Dec. 31, 2018	Sep. 30, 2018	Jun. 30, 2018	Mar. 31, 2018	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Quarterly Financial Information Disclosure [Abstract]
Interest income	$ 21,230	$ 21,038	$ 20,470	$ 19,623	$ 19,586	$ 18,176	$ 16,944	$ 15,054	$ 82,361	$ 69,760	$ 56,598
Net Interest Income	15,865	15,034	14,529	13,972	14,410	13,524	12,655	11,465	59,400	52,054	44,297
Income Before Taxes	5,406	5,668	20,526	3,989	3,940	4,549	3,596	3,291
Net Income	$ 4,095	$ 4,327	$ 15,377	$ 3,192	$ 2,999	$ 3,579	$ 2,831	$ 2,594	$ 26,991	$ 12,003	$ 7,575
Earnings per share - basic (in dollars per share)	$ 0.34	$ 0.36	$ 1.31	$ 0.26	$ 0.25	$ 0.30	$ 0.25	$ 0.24	$ 2.26	$ 1.04	$ 0.69
Earnings per share - diluted (in dollars per share)	$ 0.32	$ 0.35	$ 1.18	$ 0.26	$ 0.24	$ 0.29	$ 0.25	$ 0.23	$ 2.20	$ 1	$ 0.68

REVENUE RECOGNITION (Details)

REVENUE RECOGNITION (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Disaggregation of Revenue [Line Items]
Noninterest income in scope of Topic 606	$ 3,400	$ 2,238	$ 2,283
Noninterest income out of scope of Topic 606	61,204	36,402	38,423
Total noninterest income	64,604	38,640	40,706
Service charges on deposit accounts
Disaggregation of Revenue [Line Items]
Noninterest income in scope of Topic 606	1,409	1,033	765
Debit card and interchange income
Disaggregation of Revenue [Line Items]
Noninterest income in scope of Topic 606	571	647	1,258
Consulting income
Disaggregation of Revenue [Line Items]
Noninterest income in scope of Topic 606	921	0	0
Other
Disaggregation of Revenue [Line Items]
Noninterest income in scope of Topic 606	$ 499	$ 558	$ 260

BUSINESS COMBINATION - Narrativ

BUSINESS COMBINATION - Narrative (Details) - Chartwell $ in Thousands	Sep. 13, 2019USD ($)
Business Acquisition [Line Items]
Purchase consideration	$ 4,110
Cash consideration	3,077
Closing MVB shares	$ 1,033

BUSINESS COMBINATION - Schedule

BUSINESS COMBINATION - Schedule of Purchase Price Summary (Details) - USD ($) $ in Thousands	Sep. 13, 2019	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
Business Acquisition [Line Items]
Amount of goodwill resulting from acquisition		$ 19,630	$ 18,480	$ 18,480	$ 18,480
Chartwell
Business Acquisition [Line Items]
Cash consideration	$ 3,077
Closing MVB shares	1,033
Total purchase consideration	4,110
Cash and cash equivalents	426
Accounts receivable	165
Furniture and equipment, net	4
Intangibles, net	3,220
Total fair value of assets acquired	3,815
Other liabilities	855
Total fair value of liabilities acquired	855
Net assets acquired at fair value:	2,960
Amount of goodwill resulting from acquisition	$ 1,150

SUBSEQUENT EVENT (Details)

SUBSEQUENT EVENT (Details) - Intercoastal - Subsequent Event $ in Millions	Mar. 02, 2020USD ($)
Subsequent Event [Line Items]
Common interest, percentage	47.00%
Preferred units	$ 7.5