Parke Bancorp (PKBK) 10-Q 13 Nov 17 2017 Q3 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	9 Months Ended
	Sep. 30, 2017	Nov. 13, 2017
Document and Entity Information [Abstract]
Entity Registrant Name	PARKE BANCORP, INC.
Entity Central Index Key	1,315,399
Current Fiscal Year End Date	--12-31
Entity Filer Category	Smaller Reporting Company
Entity Common Stock, Shares Outstanding		7,672,013
Document Fiscal Year Focus	2,017
Document Fiscal Period Focus	Q3
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Sep. 30, 2017

Consolidated Balance Sheets (un

Consolidated Balance Sheets (unaudited) - USD ($) $ in Thousands	Sep. 30, 2017	Dec. 31, 2016
Assets
Cash and due from financial institutions	$ 4,430	$ 4,399
Federal funds sold and cash equivalents	50,967	66,321
Total cash and cash equivalents	55,397	70,720
Investment securities available for sale, at fair value	40,241	44,854
Investment securities held to maturity (fair value of $2,462 at September 30, 2017 and $2,411 at December 31, 2016)	2,257	2,224
Total investment securities	42,498	47,078
Loans held for sale	1,350	0
Loans, net of unearned income	953,346	851,953
Less: Allowance for loan losses	(15,841)	(15,580)
Net loans	937,505	836,373
Accrued interest receivable	3,636	3,117
Premises and equipment, net	7,058	5,197
Other real estate owned (OREO)	7,487	10,528
Restricted stock, at cost	5,497	4,658
Bank owned life insurance (BOLI)	25,032	24,544
Deferred tax asset	10,170	10,746
Other assets	3,812	3,224
Total Assets	1,099,442	1,016,185
Deposits
Noninterest-bearing deposits	100,125	92,535
Interest-bearing deposits	743,426	696,159
Total deposits	843,551	788,694
FHLBNY borrowings	99,650	79,650
Subordinated debentures	13,403	13,403
Accrued interest payable	769	655
Other liabilities	6,798	6,693
Total liabilities	964,171	889,095
Equity
Preferred stock, 1,000,000 shares authorized, $1,000 liquidation value Series B - non-cumulative convertible; 18,995 shares outstanding September 30, 2017 and 20,000 shares outstanding December 31, 2016	18,995	20,000
Common stock, $0.10 par value; authorized 15,000,000 shares; Issued: 7,956,535 shares at September 30, 2017 and 7,147,952 at December 31, 2016	727	715
Additional paid-in capital	63,422	62,300
Retained earnings	55,403	47,483
Accumulated other comprehensive loss	(143)	(349)
Treasury stock, 284,522 shares at September 30, 2017 and 284,522 shares at December 31, 2016, at cost	(3,015)	(3,015)
Total shareholders’ equity	135,389	127,134
Noncontrolling interest in consolidated subsidiaries	(118)	(44)
Other comprehensive loss	135,271	127,090
Total liabilities and equity	$ 1,099,442	$ 1,016,185

Consolidated Balance Sheets (u3

Consolidated Balance Sheets (unaudited) (Parenthetical) - USD ($) $ in Thousands	Sep. 30, 2017	Dec. 31, 2016
Assets
Investment securities held to maturity, fair value	$ 2,462	$ 2,411
Equity
Preferred stock, liquidation value per share (in dollars per share)	$ 1,000	$ 1,000
Preferred stock, authorized (in shares)	1,000,000	1,000,000
Preferred stock, outstanding (in shares)	18,995	20,000
Common stock, par value (in dollars per share)	$ 0.10	$ 0.10
Common stock, authorized (in shares)	15,000,000	15,000,000
Common stock, issued (in shares)	7,956,535	7,147,952
Treasury stock, shares (in shares)	284,522	284,522

Consolidated Statements of Inco

Consolidated Statements of Income (unaudited) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2017	Sep. 30, 2016	Sep. 30, 2017	Sep. 30, 2016
Interest income:
Interest and fees on loans	$ 12,404	$ 10,012	$ 34,409	$ 30,074
Interest and dividends on investments	349	293	1,073	966
Interest on federal funds sold and cash equivalents	85	66	220	144
Total interest income	12,838	10,371	35,702	31,184
Interest expense:
Interest on deposits	1,667	1,370	4,679	4,001
Interest on borrowings	480	327	1,276	1,001
Total interest expense	2,147	1,697	5,955	5,002
Net interest income	10,691	8,674	29,747	26,182
Provision for loan losses	500	700	2,000	762
Net interest income after provision for loan losses	10,191	7,974	27,747	25,420
Noninterest income:
Gain on sale of SBA loans	351	0	435	1,803
Loan fees	221	70	463	576
Gain on Bank Owned Life Insurance	165	184	489	542
Service fees on deposit accounts	107	87	294	231
Loss on sale and write-down of real estate owned	(958)	(718)	(1,352)	(1,760)
Gain on sale of SBA loan portfolio	0	0	0	7,611
Other	128	507	674	771
Total noninterest income	14	130	1,003	9,774
Noninterest expense:
Compensation and benefits	1,677	1,687	5,270	5,552
Professional services	405	386	1,151	1,212
Occupancy and equipment	376	315	1,045	958
Data processing	164	236	532	499
FDIC insurance	77	148	218	497
OREO expense	152	249	456	848
Other operating expense	761	1,156	2,189	3,292
Total noninterest expense	3,612	4,177	10,861	12,858
Income before income tax expense	6,593	3,927	17,889	22,336
Income tax expense	2,435	51	6,590	6,751
Net income attributable to Company and noncontrolling interest	4,158	3,876	11,299	15,585
Net income (loss) attributable to noncontrolling interest	3	0	21	(452)
Net income attributable to Company	4,161	3,876	11,320	15,133
Preferred stock dividend and discount accretion	297	300	893	900
Net income available to common shareholders	$ 3,864	$ 3,576	$ 10,427	$ 14,233
Earnings per common share:
Basic (in dollars per share)	$ 0.50	$ 0.48	$ 1.37	$ 1.90
Diluted (in dollars per share)	$ 0.42	$ 0.39	$ 1.15	$ 1.54
Weighted average shares outstanding:
Basic (in shares)	7,652,449	7,527,365	7,598,444	7,496,039
Diluted (in shares)	9,899,260	9,849,032	9,843,873	9,807,866

Consolidated Statements of Inc5

Consolidated Statements of Income (unaudited) (Parenthetical)	9 Months Ended
	Sep. 30, 2017
Income Statement [Abstract]
Common stock, dividend rate, percentage	10.00%

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Income (unaudited) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2017	Sep. 30, 2016	Sep. 30, 2017	Sep. 30, 2016
Statement of Comprehensive Income [Abstract]
Net income attributable to Company	$ 4,161	$ 3,876	$ 11,320	$ 15,133
Unrealized gains on securities:
Non-credit related unrealized gains on securities with OTTI	4	15	22	24
Unrealized gains (losses) on securities without OTTI	111	(47)	322	780
Tax impact	(46)	12	(138)	(321)
Total unrealized gains (losses) on securities	69	(20)	206	483
Total comprehensive income	$ 4,230	$ 3,856	$ 11,526	$ 15,616

Consolidated Statements of Equi

Consolidated Statements of Equity (unaudited) - 9 months ended Sep. 30, 2017 - USD ($) $ in Thousands	Total	Preferred Stock $1,000 par	Common Stock	Additional Paid-In Capital	Retained Earnings	Accumulated Other Comprehensive (Loss) Income	Treasury Stock	Total Shareholders Equity	Non-Controlling Interest
Balance at Dec. 31, 2016	$ 127,090	$ 20,000	$ 715	$ 62,300	$ 47,483	$ (349)	$ (3,015)	$ 127,134	$ (44)
Balance (in shares) at Dec. 31, 2016			7,147,952
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Capital withdrawal by minority (noncontrolling) interest	(53)								(53)
Stock options exercised (shares)			7,270
Common stock options exercised	992			992				992
Preferred stock options conversion (in shares)			112,467
Preferred stock shares conversion	(917)	(1,005)	$ 12	76				(917)
Net income	11,299				11,320			11,320	(21)
Other comprehensive income	206					206		206
Stock compensation	54			54				54
Stock dividend 10% (in shares)			688,846
Dividend on preferred stock	(880)				(880)			(880)
Dividend on common stock (0.10 per share)	(2,520)				(2,520)			(2,520)
Balance at Sep. 30, 2017	$ 135,271	$ 18,995	$ 727	$ 63,422	$ 55,403	$ (143)	$ (3,015)	$ 135,389	$ (118)
Balance (in shares) at Sep. 30, 2017			7,956,535

Consolidated Statements of Equ8

Consolidated Statements of Equity (unaudited) (Parenthetical)	9 Months Ended
	Sep. 30, 2017$ / shares
Statement of Stockholders' Equity [Abstract]
Common stock, dividend rate, percentage	10.00%
Dividend on common stock (in dollars per share)	$ 0.10
Preferred stock, par value (in dollars per share)	$ 1,000

Consolidated Statements of Cash

Consolidated Statements of Cash Flows (unaudited) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2017	Sep. 30, 2016
Cash Flows from Operating Activities:
Net income	$ 11,299	$ 15,585
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	229	181
Provision for loan losses	2,000	762
Gain on bank owned life insurance	(489)	(542)
Gain on sale of SBA related assets	0	(7,611)
Gain on sale of SBA loans	(435)	(1,803)
SBA loans originated for sale	(5,189)	(14,041)
Proceeds from sale of SBA loans originated for sale	4,274	18,039
Loss on sale & write down of OREO	1,352	1,760
Net accretion of purchase premiums and discounts on securities	51	67
Deferred income tax benefit	576	322
Changes in operating assets and liabilities:
(Increase) decrease in accrued interest receivable and other assets	(2,471)	2,214
Increase (decrease) in accrued interest payable and other accrued liabilities	219	(3,182)
Net cash provided by operating activities	11,416	11,751
Cash Flows from Investing Activities:
(Purchases) redemptions of restricted stock	(839)	581
Proceeds from maturities and principal payments on mortgage-backed securities	4,873	5,392
Donated OREO property	0	31
Advances on OREO	(169)	47
Proceeds from sale of SBA related assets	0	50,348
Proceeds from sale of OREO	1,989	4,945
Net increase in loans	(103,263)	(104,452)
Purchases of bank premises and equipment	(2,090)	(625)
Net cash used in investing activities	(99,499)	(43,733)
Cash Flows from Financing Activities:
Payment of dividend on common & preferred stock	(3,178)	(2,386)
Purchase of treasury stock	0	(4)
Minority interest capital withdrawal, net	(53)	(624)
Proceeds from exercise of stock options	1,080	0
Stock compensation	54	48
Net increase (decrease) in FHLBNY and short term borrowings	20,000	(15,000)
Net increase in noninterest-bearing deposits	7,590	26,909
Net increase in interest-bearing deposits	47,267	47,757
Net cash provided by financing activities	72,760	56,700
Net (decrease) increase in cash and cash equivalents	(15,323)	24,718
Cash and Cash Equivalents, January 1,	70,720	27,429
Cash and Cash Equivalents, September 30,	55,397	52,147
Cash paid during the year for:
Interest on deposits and borrowed funds	5,841	4,916
Income taxes	5,654	6,047
Supplemental Schedule of Noncash Activities:
Real estate acquired in settlement of loans	131	789
Dividends accrued during the period	$ 3,400	$ 847

ORGANIZATION

ORGANIZATION	9 Months Ended
	Sep. 30, 2017
Organization, Consolidation and Presentation of Financial Statements [Abstract]
ORGANIZATION	ORGANIZATION Parke Bancorp, Inc. ("Parke Bancorp” or the "Company") is a bank holding company incorporated under the laws of the State of New Jersey in January 2005 for the sole purpose of becoming the holding company of Parke Bank (the "Bank"). The Bank is a commercial bank which commenced operations on January 28, 1999 . The Bank is chartered by the New Jersey Department of Banking and Insurance (the “Department”) and its deposits are insured by the Federal Deposit Insurance Corporation ("FDIC"). Parke Bancorp and the Bank maintain their principal offices at 601 Delsea Drive, Washington Township, New Jersey. The Bank also conducts business through branches in Galloway Township, Northfield, Washington Township, and Collingswood, New Jersey and Philadelphia, Pennsylvania. The Bank competes with other banking and financial institutions in its primary market areas. Commercial banks, savings banks, savings and loan associations, credit unions and money market funds actively compete for savings and time certificates of deposit and all types of loans. Such institutions, as well as consumer financial and insurance companies, may be considered competitors of the Bank with respect to one or more of the services it renders. The Company and the Bank are subject to the regulations of certain state and federal agencies, and accordingly, the Company and the Bank are periodically examined by such regulatory authorities. As a consequence of the regulation of commercial banking activities, the Bank’s business is particularly susceptible to future state and federal legislation and regulations. In December of 2013, the Company completed a private placement of newly designated 6.00% Non-Cumulative Perpetual Convertible Preferred Stock, Series B, with a liquidation preference of $1,000 per share. The Company sold 20,000 shares in the placement for gross proceeds of $20.0 million . Each share of Series B Preferred Stock is convertible, at the option of the holder into 113.679 shares of Common Stock.

SUMMARY OF SIGNIFICANT ACCOUNTI

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	9 Months Ended
	Sep. 30, 2017
Accounting Policies [Abstract]
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Basis of Financial Statement Presentation: The accounting and reporting policies of the Company conform to accounting principles generally accepted in the United States of America (“GAAP”) and predominant practices within the banking industry. The accompanying consolidated financial statements include the accounts of the Company and its wholly-owned subsidiary the Bank. Also included are the accounts of 44 Business Capital LLC, a joint venture formed in 2009 to originate and service SBA loans. The assets of 44 Business Capital were sold on April 28, 2016. The Bank had a 51% ownership interest in the joint venture. Parke Capital Trust I, Parke Capital Trust II and Parke Capital Trust III are wholly-owned subsidiaries but are not consolidated because they do not meet the requirements for consolidation under applicable accounting guidance. All significant inter-company balances and transactions have been eliminated. The accompanying interim financial statements should be read in conjunction with the annual financial statements and notes thereto included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2016 since they do not include all of the information and footnotes required by GAAP. The accompanying interim financial statements for the nine months ended September 30, 2017 and 2016 are unaudited. The balance sheet as of December 31, 2016 , was derived from the audited financial statements. In the opinion of management, these financial statements include all normal and recurring adjustments necessary for a fair statement of the results for such interim periods. Results of operations for the nine months ended September 30, 2017 are not necessarily indicative of the results for the full year. Certain reclassifications have been made to prior period amounts to conform to the current year presentation, with no impact on current earnings or shareholders’ equity. Use of Estimates: The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. Material estimates that are particularly susceptible to significant change in the near term include the allowance for loan losses, other than temporary impairment losses on investment securities, the valuation of deferred income taxes, servicing assets and carrying value of OREO. Recently Issued Accounting Pronouncements: During August 2016, the Financial Accounting Standards Board ("FASB") issued Accounting Standards Update ("ASU") 2016-15, which is new guidance related to the Statement of Cash Flows . The new guidance clarifies the classification within the statement of cash flows for certain transactions, including debt extinguishment costs, zero-coupon debt, and contingent consideration related to business combinations, insurance proceeds, equity method distributions and beneficial interests in securitizations. The guidance also clarifies that cash flows with aspects of multiple classes of cash flows or that cannot be separated by source or use should be classified based on the activity that is likely to be the predominant source or use of cash flows for the item. This guidance is effective for fiscal years beginning after December 15, 2017 and interim periods within those fiscal years. The adoption of this guidance is not expected to be material to the consolidated financial statements. During June 2016, the FASB issued Accounting Standards Update ASU 2016-13, Financial Instruments Credit Losses. ASU 2016-13 (Topic 326), 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. This guidance is effective for fiscal years beginning after December 15, 2019 and interim periods within those fiscal years. The Company is currently in the process of gathering historical loan data required for the credit loss methodology and is reviewing a model from a third-party vendor. While we expect this standard will have an impact on the Company’s financial statements, we are still in process of conducting our evaluation. On January 5, 2016, the FASB issued Accounting Standards Update 2016-01, Financial Instruments-Overall: Recognition and Measurement of Financial Assets and Financial Liabilities (the ASU) . The ASU's changes to the current GAAP model primarily affect the accounting for equity investments, financial liabilities under the fair value option, and the presentation and disclosure requirements for financial instruments. In addition, the FASB clarified guidance related to the valuation allowance assessment when recognizing deferred tax assets resulting from unrealized losses on available-for-sale debt securities. The accounting for other financial instruments, such as loans, investments in debt securities, and financial liabilities is largely unchanged. ASU 2016-01 is effective for public business entities for fiscal years beginning after December 15, 2017, including interim periods within those fiscal years. We do not have a significant amount of equity securities classified as available-for-sale (“AFS”). Additionally, we do not have any financial liabilities accounted for under the fair value option. Therefore, the transition adjustment upon adoption of this guidance is not expected to be material. On February 25, 2016, the FASB issued Accounting Standards Update No. 2016-02, Leases (Topic 842) . ASU No. 2016-02 includes a lessee accounting model that recognizes two types of leases - finance leases and operating leases. The standard requires that a lessee recognize on the balance sheet assets and liabilities for leases with lease terms of more than 12 months. Leases with terms of less than 12 months are exempt from the new standard. The recognition, measurement, and presentation of expenses and cash flows arising from a lease by a lessee will depend on its classification as finance or operating lease. New disclosures to help investors and other financial statement users better understand the amount, timing, and uncertainty of cash flows arising from leases are also required. These disclosures include qualitative and quantitative requirements, providing information about the amounts recorded in the financial statements. The amendments are effective for fiscal years beginning after December 15, 2018, including interim periods within those fiscal years; that is, for a calendar year-end public entity, the changes take effect beginning January 1, 2019. The Company is working on gathering all key lease data elements to meet the requirements of the new guidance. The change to ASU No. 2016-02 should not have a major impact on the Company's financial statements. During March 2016, the FASB issued Accounting Standards Update No. 2016-09, Stock Compensation . ASU No. 2016-09 (Topic 718) eliminates the concept of additional paid-in capital pools for stock-based awards and requires that the related excess tax benefits and tax deficiencies be classified as an operating activity in the statement of cash flows. The new guidance also allows entities to make a one-time policy election to account for forfeitures when they occur, instead of accruing compensation cost based on the number of awards expected to vest. Additionally, the new guidance changes the requirement for an award to qualify for equity classification by permitting tax withholding up to the maximum statutory tax rate instead of the minimum statutory tax rate. Cash paid by an employer when directly withholding shares for tax withholding purposes should be classified as a financing activity in the statement of cash flows. This guidance is effective for fiscal years beginning after December 15, 2016 and interim periods within those fiscal years. The adoption of this guidance has had no impact to the consolidated financial statements. During May 2014, the FASB issued Accounting Standards No. 2014-09, Revenue from Contracts with Customers . ASU No.2014-09 (Topic 606) supersedes the revenue recognition requirements in Accounting Standards Codification Topic 606, Revenue Recognition , and most industry-specific guidance throughout the Accounting Standards Codification. The guidance requires an entity to recognize revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the company expects to be entitled in exchange for those goods or services. During August 2015, the FASB provided a one-year deferral of the effective date; therefore, the guidance is effective for interim and annual reporting periods beginning after December 15, 2017. The FASB has also issued clarification guidance as it relates to principal versus agent considerations for revenue recognition purposes and clarification guidance on other various considerations related to the new revenue recognition guidance. Additionally, during April 2016, the FASB issued further clarification guidance related to identifying performance obligations and licensing. The guidance has specifically excluded revenue derived from financial instruments, the source of the majority of the Company’s revenue, and the impact of the guidance will not be material.

INVESTMENT SECURITIES

INVESTMENT SECURITIES	9 Months Ended
	Sep. 30, 2017
Investments [Abstract]
INVESTMENT SECURITIES	INVESTMENT SECURITIES The following is a summary of the Company's investments in available for sale and held to maturity securities as of September 30, 2017 and December 31, 2016 : As of September 30, 2017 Amortized cost Gross unrealized gains Gross unrealized losses Other-than- temporary impairments in AOCI Fair value (amounts in thousands) Available for sale: Corporate debt obligations $ 1,000 $ 31 $ — $ — $ 1,031 Residential mortgage-backed securities 38,664 339 325 — 38,678 Collateralized mortgage obligations 110 4 — — 114 Collateralized debt obligations 705 — — 287 418 Total available for sale $ 40,479 $ 374 $ 325 $ 287 $ 40,241 Held to maturity: States and political subdivisions $ 2,257 $ 205 $ — $ — $ 2,462 As of December 31, 2016 Amortized cost Gross unrealized gains Gross unrealized losses Other-than- temporary impairments in AOCI Fair value (amounts in thousands) Available for sale: Corporate debt obligations $ 1,000 $ 11 $ — $ — $ 1,011 Residential mortgage-backed securities 43,530 218 508 — 43,240 Collateralized mortgage obligations 160 6 — — 166 Collateralized debt obligations 746 — — 309 437 Total available for sale $ 45,436 $ 235 $ 508 $ 309 $ 44,854 Held to maturity: States and political subdivisions $ 2,224 $ 187 $ — $ — $ 2,411 The amortized cost and fair value of debt securities classified as available for sale and held to maturity, by contractual maturity as of September 30, 2017 are as follows: Amortized Cost Fair Value (amounts in thousands) Available for sale: Due within one year $ — $ — Due after one year through five years — — Due after five years through ten years 500 500 Due after ten years 1,205 949 Residential mortgage-backed securities and collateralized mortgage obligations 38,774 38,792 Total available for sale $ 40,479 $ 40,241 Held to maturity: Due within one year $ — $ — Due after one year through five years — — Due after five years through ten years 2,257 2,462 Due after ten years — — Total held to maturity $ 2,257 $ 2,462 Expected maturities will differ from contractual maturities for mortgage related securities because the issuers of certain debt securities do have the right to call or prepay their obligations without any penalty. Securities with a carrying value of $34.4 million and $23.1 million were pledged to secure public deposits at September 30, 2017 and December 31, 2016 , respectively. The following tables show the gross unrealized losses and fair value of the Company's investments with unrealized losses that are not deemed to be other than temporarily impaired (“OTTI”), aggregated by investment category and length of time that individual securities have been in a continuous unrealized loss position, at September 30, 2017 and December 31, 2016 : As of September 30, 2017 Less Than 12 Months 12 Months or Greater Total Description of Securities Fair Value Unrealized Losses Fair Value Unrealized Losses Fair Value Unrealized Losses (amounts in thousands) Available for sale: Residential mortgage-backed securities $ 15,096 $ 305 $ 841 $ 20 $ 15,937 $ 325 Total available for sale $ 15,096 $ 305 $ 841 $ 20 $ 15,937 $ 325 As of December 31, 2016 Less Than 12 Months 12 Months or Greater Total Description of Securities Fair Value Unrealized Losses Fair Value Unrealized Losses Fair Value Unrealized Losses (amounts in thousands) Available for sale: Residential mortgage-backed securities $ 17,519 $ 484 $ 1,077 $ 24 $ 18,596 $ 508 Total available for sale $ 17,519 $ 484 $ 1,077 $ 24 $ 18,596 $ 508 The unrealized losses on the Company’s investment in residential mortgage-backed securities relate to nine securities at September 30, 2017 versus 10 securities at December 31, 2016 . The losses were caused by movement in interest rates. The nine securities were all government sponsored entities. Because the Company does not intend to sell the investments and it is not more likely than not that the Company will be required to sell these investments before recovery of their amortized cost basis, which may be maturity, the Company does not consider the investment in these securities to be OTTI at September 30, 2017 . Other Than Temporarily Impaired Debt Securities We assess whether we intend to sell or it is more likely than not that we will be required to sell a security before recovery of its amortized cost basis less any current-period credit losses. For debt securities that are considered OTTI and that we do not intend to sell and will not be required to sell prior to recovery of our amortized cost basis, we separate the amount of the impairment into the amount that is credit related (credit loss component) and the amount due to all other factors. The credit loss component is recognized in earnings and is the difference between the security’s amortized cost basis and the present value of its expected future cash flows. The remaining difference between the security’s fair value and the present value of future expected cash flows is due to factors that are not credit related and is recognized in other comprehensive income. The present value of expected future cash flows is determined using the best estimate of cash flows discounted at the effective interest rate implicit to the security at the date of purchase or the current yield to accrete an asset-backed or floating rate security. The methodology and assumptions for establishing the best estimate of cash flows vary depending on the type of security. The asset-backed securities cash flow estimates are based on bond specific facts and circumstances that may include collateral characteristics; expectations of delinquency and default rates, loss severity and prepayment speeds; and structural support, including subordination and guarantees. The corporate bond cash flow estimates are derived from scenario-based outcomes of expected corporate restructuring or the disposition of assets using bond-specific facts and circumstances including timing, security interests and loss severity. We have a process in place to identify debt securities that could potentially have a credit impairment that is other than temporary. This process involves monitoring late payments, pricing levels, downgrades by rating agencies, key financial ratios, financial statements, revenue forecasts and cash flow projections as indicators of credit issues. On a quarterly basis, we review all securities to determine whether an OTTI exists and whether losses should be recognized. We consider relevant facts and circumstances in evaluating whether a credit or interest rate-related impairment of a security is other than temporary. Relevant facts and circumstances considered include: (1) the extent and length of time the fair value has been below cost; (2) the reasons for the decline in value; (3) the financial position and access to capital of the issuer, including the current and future impact of any specific events; and (4) for fixed maturity securities, our intent to sell a security or whether it is more likely than not we will be required to sell the security before the recovery of its amortized cost which, in some cases, may extend to maturity. The credit loss component of credit-impaired debt securities was $171,000 . This impairment was taken in a prior year and no OTTI was realized in the current year. The Company did not sell any securities during the nine months ended September 30, 2017 .

LOANS

LOANS	9 Months Ended
	Sep. 30, 2017
Receivables [Abstract]
LOANS	LOANS The portfolio of loans outstanding consists of the following: September 30, 2017 December 31, 2016 Amount Percentage of Total Loans Amount Percentage of Total Loans (amounts in thousands) Commercial and Industrial $ 28,046 2.9 % $ 26,774 3.1 % Real Estate Construction: Residential 17,725 1.9 8,825 1.0 Commercial 70,100 7.3 58,469 6.9 Real Estate Mortgage: Commercial – Owner Occupied 114,146 12.0 123,898 14.5 Commercial – Non-owner Occupied 275,314 28.9 268,123 31.5 Residential – 1 to 4 Family 381,467 40.0 309,340 36.3 Residential – Multifamily 50,532 5.3 39,804 4.7 Consumer 16,016 1.7 16,720 2.0 Total Loans $ 953,346 100.0 % $ 851,953 100.0 % Loan Origination/Risk Management : In the normal course of business the Company is exposed to a variety of operational, reputational, legal, regulatory, and credit risks that could adversely affect our financial performance. Most of our asset risk is primarily tied to credit (lending) risk. The Company has lending policies, guidelines and procedures in place that are designed to maximize loan income within an acceptable level of risk. The Board of Directors reviews and approves these policies, guidelines and procedures. When we originate a loan we make certain subjective judgments about the borrower’s ability to meet the loan’s terms and conditions. We also make objective and subjective value assessments on the assets we finance. The borrower’s ability to repay can be adversely affected by economic changes. Likewise, changes in market conditions and other external factors can affect asset valuations. The Company actively monitors the quality of its loan portfolio. A reporting system supplements the credit review process by providing management with frequent reports related to loan production, loan quality, concentrations of credit risk, loan delinquencies, troubled debt restructures, nonperforming and potential problem loans. Diversification in the loan portfolio is another means of managing risk associated with fluctuations in economic conditions. Commercial and Industrial Loans : The Company originates secured loans for business purposes. Loans are made to provide working capital to businesses in the form of lines of credit, which may be secured by accounts receivable, inventory, equipment or other assets. The financial condition and cash flow of commercial borrowers are closely monitored by means of corporate financial statements, personal financial statements and income tax returns. The frequency of submissions of required financial information depends on the size and complexity of the credit and the collateral that secures the loan. The Company’s general policy is to obtain personal guarantees from the principals of the commercial loan borrowers. Such loans are made to businesses located in the Company’s market area. Construction Loans: With respect to construction loans to developers and builders that are secured by non-owner occupied properties, loans are underwritten utilizing feasibility studies, independent appraisal reviews, sensitivity analysis of absorption and lease rates and financial analysis of the developers and property owners. Construction loans are also generally underwritten based upon estimates of costs and value associated with the completed project. These estimates may be inaccurate. Construction loans often involve the disbursement of substantial funds with repayment substantially dependent on the success of the ultimate project. Sources of repayment for these types of loans may be pre-committed permanent loans from approved long-term lenders, or sales of developed property until permanent financing is obtained. These loans are closely monitored by on-site inspections and are considered to have higher risk than other real estate loans due to their ultimate repayment being sensitive to interest rate changes, governmental regulation of real property, general economic conditions and the availability of long-term financing. Commercial Real Estate: Commercial real estate loans are subject to underwriting standards and processes similar to commercial loans, in addition to those of real estate loans. Commercial real estate loans may be riskier than loans for one-to-four family residences and are typically larger in dollar size. These loans are viewed primarily as cash flow loans and secondarily as loans secured by real estate. The repayment of these loans is generally largely dependent on the successful operation and management of the property securing the loan or the business conducted on the property securing the loan. Commercial real estate loans may be more adversely affected by conditions in the real estate markets or in the general economy. The properties securing the Company’s commercial real estate portfolio are diverse in terms of type and geographic location within our market area. This diversity helps reduce the Company's exposure to adverse economic events that affect any single market or industry. Management monitors and evaluates commercial real estate loans based on collateral, geography and risk grade criteria. The Company also monitors economic conditions and trends affecting the market areas it serves. In addition, management tracks the level of owner-occupied commercial real estate loans versus non-owner occupied loans. Residential Mortgage: The Company originates adjustable and fixed-rate residential mortgage loans. Such mortgage loans are generally originated under terms, conditions and documentation acceptable to the secondary mortgage market. Repayment is typically dependent upon the borrower’s financial stability which is more likely to be adversely affected by job loss, illness, or personal bankruptcy. Although the Company has placed all of these loans into its portfolio, a substantial majority of such loans can be sold in the secondary market or pledged for potential borrowings. Consumer Loans: Consumer loans may carry a higher degree of repayment risk than residential mortgage loans. Repayment is typically dependent upon the borrower’s financial stability which is more likely to be adversely affected by job loss, illness, or personal bankruptcy. To monitor and manage consumer loan risk, policies and procedures have been developed and modified as needed. This activity, coupled with the relatively small loan amounts that are spread across many individual borrowers, minimizes risk. Additionally, trend and outlook reports are reviewed by management on a regular basis. Underwriting standards for home equity loans are heavily influenced by statutory requirements, which include, but are not limited to, a maximum loan-to-value percentage of 80% , collection remedies, the number of such loans a borrower can have at one time and documentation requirements. Historically the Company’s losses on consumer loans have been negligible. The Company maintains an outsourced independent loan review program that reviews and validates the credit risk assessment program on a periodic basis. Results of these external independent reviews are presented to management. The external independent loan review process complements and reinforces the risk identification and assessment decisions made by lenders and credit risk management personnel. Non-accrual and Past Due Loans : Loans are considered past due if the required principal and interest payments have not been received as of the date such payments were due. Loans are placed on non-accrual status when, in management's opinion, the borrower may be unable to meet payment obligations as they become due, as well as when a loan is 90 days past due, unless the loan is well secured and in the process of collection, as required by regulatory provisions. Loans may be placed on non-accrual status regardless of whether or not such loans are considered past due. When interest accrual is discontinued, all unpaid accrued interest is reversed. Interest income is subsequently recognized only to the extent cash payments are received in excess of principal due. Loans are returned to accrual status when all the principal and interest amounts contractually due are brought current and future payments are reasonably assured. An age analysis of past due loans by class at September 30, 2017 and December 31, 2016 follows: September 30, 2017 30-59 Days Past Due 60-89 Days Past Due Greater than 90 Days and Not Accruing Total Past Due Current Total Loans (amounts in thousands) Commercial and Industrial $ — $ — $ 18 $ 18 $ 28,028 $ 28,046 Real Estate Construction: Residential — — — — 17,725 17,725 Commercial — — 1,532 1,532 68,568 70,100 Real Estate Mortgage: Commercial – Owner Occupied 187 — 157 344 113,802 114,146 Commercial – Non-owner Occupied — — 597 597 274,717 275,314 Residential – 1 to 4 Family 95 354 3,406 3,855 377,612 381,467 Residential – Multifamily — — — — 50,532 50,532 Consumer — — 17 17 15,999 16,016 Total Loans $ 282 $ 354 $ 5,727 $ 6,363 $ 946,983 $ 953,346 December 31, 2016 30-59 Days Past Due 60-89 Days Past Due Greater than 90 Days and Not Accruing Total Past Due Current Total Loans (amounts in thousands) Commercial and Industrial $ — $ — $ 159 $ 159 $ 26,615 $ 26,774 Real Estate Construction: Residential — — — — 8,825 8,825 Commercial — — 3,241 3,241 55,228 58,469 Real Estate Mortgage: Commercial – Owner Occupied — 165 430 595 123,303 123,898 Commercial – Non-owner Occupied — — 3,958 3,958 264,165 268,123 Residential – 1 to 4 Family 715 361 3,095 4,171 305,169 309,340 Residential – Multifamily — — 308 308 39,496 39,804 Consumer 31 42 107 180 16,540 16,720 Total Loans $ 746 $ 568 $ 11,298 $ 12,612 $ 839,341 $ 851,953 Impaired Loans : Loans are considered impaired when, based on current information and events, it is probable the Company will be unable to collect amounts due in accordance with the original contractual terms of the loan agreement, including scheduled principal and interest payments. All impaired loans are assessed for recoverability based on an independent third-party full appraisal to determine the net realizable value (“NRV”) based on the fair value of the underlying collateral, less cost to sell and other costs, such as unpaid real estate taxes, that have been identified, or the present value of discounted cash flows in the case of certain impaired loans that are not collateral dependent. The appraisal will be based on an "as-is" valuation and will follow a reasonable valuation method that addresses the direct sales comparison, income, and cost approaches to market value, reconciles those approaches, and explains the elimination of each approach not used. Appraisals are generally updated every 12 months or sooner if we have identified possible further deterioration in value. Prior to receiving the updated appraisal, we will establish a specific reserve for any estimated deterioration, based upon our assessment of market conditions, adjusted for estimated costs to sell and other identified costs. If the NRV is greater than the loan amount, then no impairment loss exists. If the NRV is less than the loan amount, the shortfall is recognized by a specific reserve. If the borrower fails to pledge additional collateral in the ninety day period, a charge-off equal to the difference between the loan’s carrying value and NRV will occur. In certain circumstances, however, a direct charge-off may be taken at the time that the NRV calculation reveals a shortfall. All impaired loans are evaluated based on the criteria stated above on a quarterly basis and any change in the reserve requirements are recorded in the period identified. All partially charged-off loans remain on non-accrual status until they are brought current as to both principal and interest and have at least nine months of payment history and future collectability of principal and interest is assured. Impaired loans at September 30, 2017 and December 31, 2016 are set forth in the following tables: September 30, 2017 Recorded Investment Unpaid Principal Balance Related Allowance (amounts in thousands) With no related allowance recorded: Commercial and Industrial $ 18 $ 22 $ — Real Estate Construction: Residential — — — Commercial 1,505 5,996 — Real Estate Mortgage: Commercial – Owner Occupied 157 157 — Commercial – Non-owner Occupied 519 2,335 — Residential – 1 to 4 Family 3,406 3,466 — Residential – Multifamily — — — Consumer 17 17 — 5,622 11,993 — With an allowance recorded: Commercial and Industrial — — — Real Estate Construction: Residential — — — Commercial 4,641 4,738 124 Real Estate Mortgage: Commercial – Owner Occupied 3,724 3,753 55 Commercial – Non-owner Occupied 12,004 12,004 208 Residential – 1 to 4 Family 933 933 15 Residential – Multifamily — — — Consumer — — — 21,302 21,428 402 Total: Commercial and Industrial 18 22 — Real Estate Construction: Residential — — — Commercial 6,146 10,734 124 Real Estate Mortgage: Commercial – Owner Occupied 3,881 3,910 55 Commercial – Non-owner Occupied 12,523 14,339 208 Residential – 1 to 4 Family 4,339 4,399 15 Residential – Multifamily — — — Consumer 17 17 — $ 26,924 $ 33,421 $ 402 December 31, 2016 Recorded Investment Unpaid Principal Balance Related Allowance (amounts in thousands) With no related allowance recorded: Commercial and Industrial $ 21 $ 23 $ — Real Estate Construction: Residential — — — Commercial 1,161 1,161 — Real Estate Mortgage: Commercial – Owner Occupied — — — Commercial – Non-owner Occupied 3,494 3,739 — Residential – 1 to 4 Family 2,384 2,434 — Residential – Multifamily 308 354 — Consumer 107 107 — 7,475 7,818 — With an allowance recorded: Commercial and Industrial 138 1,392 138 Real Estate Construction: Residential — — — Commercial 7,225 11,125 155 Real Estate Mortgage: Commercial – Owner Occupied 4,380 4,409 498 Commercial – Non-owner Occupied 15,506 17,100 226 Residential – 1 to 4 Family 1,681 1,697 234 Residential – Multifamily — — — Consumer — — — 28,930 35,723 1,251 Total: Commercial and Industrial 159 1,415 138 Real Estate Construction: Residential — — — Commercial 8,386 12,286 155 Real Estate Mortgage: Commercial – Owner Occupied 4,380 4,409 498 Commercial – Non-owner Occupied 19,000 20,839 226 Residential – 1 to 4 Family 4,065 4,131 234 Residential – Multifamily 308 354 — Consumer 107 107 — $ 36,405 $ 43,541 $ 1,251 The following table presents by loan portfolio class, the average recorded investment and interest income recognized on impaired loans for the three and nine months ended September 30, 2017 and 2016 : Three Months Ended September 30, 2017 2016 Average Recorded Investment Interest Income Recognized Average Recorded Investment Interest Income Recognized (amounts in thousands) Commercial and Industrial $ 22 $ — $ 351 $ — Real Estate Construction: Residential — — — — Commercial 10,760 51 9,233 59 Real Estate Mortgage: Commercial – Owner Occupied 3,955 49 4,978 49 Commercial – Non-owner Occupied 14,392 153 19,168 190 Residential – 1 to 4 Family 4,410 20 3,616 25 Residential – Multifamily — — 308 — Consumer 17 — 37 1 Total $ 33,556 $ 273 $ 37,691 $ 324 Nine Months Ended September 30, 2017 2016 Average Interest Average Interest (amounts in thousands) Commercial and Industrial $ 23 $ 1 $ 390 $ 1 Real Estate Construction: Residential — — — — Commercial 8,863 152 9,658 178 Real Estate Mortgage: Commercial – Owner Occupied 4,018 146 5,044 137 Commercial – Non-owner Occupied 13,733 463 19,281 562 Residential – 1 to 4 Family 4,420 63 3,635 87 Residential – Multifamily — — 324 8 Consumer 18 1 37 2 Total $ 31,075 $ 826 $ 38,369 $ 975 Troubled debt restructuring : Periodically management evaluates our loans in order to determine the appropriate risk rating, interest accrual status and potential classification as a troubled debt restructuring ("TDR"), some of which are performing and accruing interest. A TDR is a loan on which we have granted a concession due to a borrower’s financial difficulty. These are concessions that would not otherwise be considered. The terms of these modified loans may include extension of maturity, renewals, changes in interest rate, additional collateral requirements or infusion of additional capital into the project by the borrower to reduce debt or to support future debt service. On construction and land development loans we may modify the loan as a result of delays or other project issues such as slower than anticipated sell-outs, insufficient leasing activity and/or a decline in the value of the underlying collateral securing the loan. Management believes that working with a borrower to restructure a loan provides us with a better likelihood of collecting our loan. It is our policy not to renegotiate the terms of a commercial loan simply because of a delinquency status. However, we will use our Troubled Debt Restructuring Program to work with delinquent borrowers when the delinquency is temporary. The Bank considers all TDRs to be impaired. At the time a loan is modified in a TDR, we consider the following factors to determine whether the loan should accrue interest: • Whether there is a period of current payment history under the current terms, typically 6 months ; • Whether the loan is current at the time of restructuring; and • Whether we expect the loan to continue to perform under the restructured terms with a debt coverage ratio that complies with the Bank’s credit underwriting policy of 1.25 times debt service. We also review the financial performance of the borrower over the past year to be reasonably assured of repayment and performance according to the modified terms. This review consists of an analysis of the borrower’s historical results; the borrower’s projected results over the next four quarters; and current financial information of the borrower and any guarantors. The projected repayment source needs to be reliable, verifiable, quantifiable and sustainable. In addition, all TDRs are reviewed quarterly to determine the amount of any impairment. At the time of restructuring, the amount of the loan principal for which we are not reasonably assured of repayment is charged-off, but not forgiven. A borrower with a restructured loan must make a minimum of six consecutive monthly payments at the restructured level and be current as to both interest and principal to be returned to accrual status. Performing TDRs (not reported as non-accrual loans) totaled $21.2 million and $25.1 million with related allowances of $352,000 and $390,000 as of September 30, 2017 and December 31, 2016 , respectively. Nonperforming TDRs were $416,000 with no related allowances as of September 30, 2017 and no related allowance as of December 31, 2016 , respectively. All TDRs are classified as impaired loans and are included in the impaired loan disclosures above. There were no new loans modified as a TDR during the nine month periods ended September 30, 2017 and 2016 . Also, there were no loans that were modified and deemed a TDR that subsequently defaulted during the nine month periods ended September 30, 2017 and 2016 . Some loans classified as TDRs may not ultimately result in the full collection of principal and interest, as modified, and result in potential incremental losses. These potential incremental losses have been factored into our overall allowance for loan losses estimate. The level of any re-defaults will likely be affected by future economic conditions. Once a loan becomes a TDR, it will continue to be reported as a TDR until it is repaid in full, foreclosed, sold or it meets the criteria to be removed from TDR status. Credit Quality Indicators : As part of the on-going monitoring of the credit quality of the Company's loan portfolio, management tracks certain credit quality indicators including trends related to the risk grades of loans, the level of classified loans, net charge-offs, nonperforming loans (see details above) and the general economic conditions in the region. The Company utilizes a risk grading matrix to assign a risk grade to each of its loans. Loans are graded on a scale of 1 to 7 . Grades 1 through 4 are considered “Pass”. A description of the general characteristics of the seven risk grades is as follows: 1. Good : Borrower exhibits the strongest overall financial condition and represents the most creditworthy profile. 2. Satisfactory (A) : Borrower reflects a well-balanced financial condition, demonstrates a high level of creditworthiness and typically will have a strong banking relationship with the Bank. 3. Satisfactory (B) : Borrower exhibits a balanced financial condition and does not expose the Bank to more than a normal or average overall amount of risk. Loans are considered fully collectable. 4. Watch List : Borrower reflects a fair financial condition, but there exists an overall greater than average risk. Risk is deemed acceptable by virtue of increased monitoring and control over borrowings. Probability of timely repayment is present. 5. Other Assets Especially Mentioned (OAEM) : Financial condition is such that assets in this category have a potential weakness or pose unwarranted financial risk to the Bank even though the asset value is not currently impaired. The asset does not currently warrant adverse classification but if not corrected could weaken and could create future increased risk exposure. Includes loans which require an increased degree of monitoring or servicing as a result of internal or external changes. 6. Substandard : This classification represents more severe cases of #5 (OAEM) characteristics that require increased monitoring. Assets are characterized by the distinct possibility that the Bank will sustain some loss if the deficiencies are not corrected. Assets are inadequately protected by the current net worth and paying capacity of the borrower or of the collateral. Asset has a well-defined weakness or weaknesses that impairs the ability to repay debt and jeopardizes the timely liquidation or realization of the collateral at the asset’s net book value. 7. Doubtful : Assets which have all the weaknesses inherent in those assets classified #6 (Substandard) but the risks are more severe relative to financial deterioration in capital and/or asset value; accounting/evaluation techniques may be questionable and the overall possibility for collection in full is highly improbable. Borrowers in this category require constant monitoring, are considered work-out loans and present the potential for future loss to the Bank. An analysis of the credit risk profile by internally assigned grades as of September 30, 2017 and December 31, 2016 is as follows: At September 30, 2017 Pass OAEM Substandard Doubtful Total (amounts in thousands) Commercial and Industrial $ 27,943 $ 103 $ — $ — $ 28,046 Real Estate Construction: Residential 17,725 — — — 17,725 Commercial 55,906 5,756 8,438 — 70,100 Real Estate Mortgage: Commercial – Owner Occupied 111,310 2,679 157 — 114,146 Commercial – Non-owner Occupied 274,575 — 739 — 275,314 Residential – 1 to 4 Family 377,349 570 3,548 — 381,467 Residential – Multifamily 50,532 — — — 50,532 Consumer 15,999 — 17 — 16,016 Total $ 931,339 $ 9,108 $ 12,899 $ — $ 953,346 At December 31, 2016 Pass OAEM Substandard Doubtful Total (amounts in thousands) Commercial and Industrial $ 26,515 $ 121 $ 138 $ — $ 26,774 Real Estate Construction: Residential 8,825 — — — 8,825 Commercial 35,656 12,516 10,297 — 58,469 Real Estate Mortgage: Commercial – Owner Occupied 120,166 3,302 430 — 123,898 Commercial – Non-owner Occupied 261,181 79 6,863 — 268,123 Residential – 1 to 4 Family 304,042 1,536 3,762 — 309,340 Residential – Multifamily 39,496 — 308 — 39,804 Consumer 16,612 — 108 — 16,720 Total $ 812,493 $ 17,554 $ 21,906 $ — $ 851,953

ALLOWANCE FOR LOAN LOSSES

ALLOWANCE FOR LOAN LOSSES	9 Months Ended
	Sep. 30, 2017
Financing Receivable, Allowance for Credit Loss, Additional Information [Abstract]
ALLOWANCE FOR LOAN LOSSES	ALLOWANCE FOR LOAN LOSSES The allowance for loan losses is a reserve established through a provision for loan losses charged to expense, which represents management's best estimate of probable losses that have been incurred within the existing portfolio of loans. The allowance, in the judgment of management, is necessary to reserve for estimated loan losses and risks inherent in the loan portfolio. The Company's allowance for loan loss methodology includes allowance allocations calculated in accordance with ASC Topic 310, "Receivables" and allowance allocations calculated in accordance with ASC Topic 450, "Contingencies." Accordingly, the methodology is based on historical loss experience by type of credit and internal risk grade, specific homogeneous risk pools and specific loss allocations, with adjustments for current events and conditions. The Company's process for determining the appropriate level of the allowance for loan losses is designed to account for credit deterioration as it occurs. The provision for loan losses reflects loan quality trends, including the levels of, and trends related to, non-accrual loans, past due loans, potential problem loans, criticized loans and net charge-offs or recoveries, among other factors. The provision for loan losses also reflects the totality of actions taken on all loans for a particular period. In other words, the amount of the provision reflects not only the necessary increases in the allowance for loan losses related to newly identified criticized loans, but it also reflects actions taken related to other loans including, among other things, any necessary increases or decreases in required allowances for specific loans or loan pools. The level of the allowance reflects management's continuing evaluation of industry concentrations, specific credit risks, loan loss experience, current loan portfolio quality, present economic, political and regulatory conditions and unidentified losses inherent in the current loan portfolio. Portions of the allowance may be allocated for specific credits; however, the entire allowance is available for any credit that, in management's judgment, should be charged off. While management utilizes its best judgment and information available, the ultimate adequacy of the allowance is dependent upon a variety of factors beyond the Company’s control, including, among other things, the performance of the Company's loan portfolio, the economy, changes in interest rates and the view of the regulatory authorities toward loan classifications. The allowances established for probable losses on specific loans are based on a regular analysis and evaluation of problem loans. Loans are classified based on an internal credit risk grading process that evaluates, among other things: (i) the obligor's ability to repay; (ii) the underlying collateral, if any; and (iii) the economic environment and industry in which the borrower operates. This analysis is performed at the relationship manager level for all commercial loans. When a loan has a grade of 6 or higher, the loan is analyzed to determine whether the loan is impaired and, if impaired, whether there is a need to specifically allocate a portion of the allowance for loan losses to the loan. Specific valuation allowances are determined by analyzing the borrower's ability to repay amounts owed, any collateral deficiencies, the relative risk grade of the loan and economic conditions affecting the borrower's industry, among other things. Historical valuation allowances are calculated based on the historical loss experience of specific types of loans. The Company calculates historical loss ratios for pools of similar loans with similar characteristics based on the proportion of actual charge-offs experienced to the total population of loans in the pool. The historical loss ratios are periodically updated based on actual charge-off experience. A historical valuation allowance is established for each pool of similar loans based upon the product of the historical loss ratio and the total dollar amount of the loans in the pool. The Company's pools of similar loans include similarly risk-graded groups of commercial loans, commercial real estate loans, consumer real estate loans and consumer and other loans. General valuation allowances are based on general economic conditions and other qualitative risk factors both internal and external to the Company. In general, such valuation allowances are determined by evaluating, among other things: (i) the experience, ability and effectiveness of the Bank's lending management and staff; (ii) the effectiveness of the Bank's loan policies, procedures and internal controls; (iii) changes in asset quality; (iv) changes in loan portfolio volume; (v) the composition and concentrations of credit; (vi) the impact of competition on loan structuring and pricing; (vii) the effectiveness of the internal loan review function; (viii) the impact of environmental risks on portfolio risks; and (ix) the impact of rising interest rates on portfolio risk. Management evaluates the degree of risk that each one of these components has on the quality of the loan portfolio on a quarterly basis. Each component is determined to have either a high, high-moderate, moderate, low-moderate or low degree of risk. The results are then input into a "general allocation matrix" to determine an appropriate general valuation allowance. An analysis of the allowance for loan losses for the three and nine month periods ended September 30, 2017 and 2016 is as follows: Allowance for Loan Losses : For the three months ended September 30, 2017 Beginning Balance Charge-offs Recoveries Provisions (Credits) Ending Balance (amounts in thousands) Commercial and Industrial $ 1,202 $ — $ 3 $ (549 ) $ 656 Real Estate Construction: Residential 264 — — (16 ) 248 Commercial 1,994 (687 ) — 470 1,777 Real Estate Mortgage: Commercial – Owner Occupied 1,835 — 25 (33 ) 1,827 Commercial – Non-owner Occupied 4,915 (621 ) 102 225 4,621 Residential – 1 to 4 Family 5,422 — 10 386 5,818 Residential – Multifamily 699 (50 ) — 18 667 Consumer 228 — — (1 ) 227 Total $ 16,559 $ (1,358 ) $ 140 $ 500 $ 15,841 Allowance for Loan Losses : For the three months ended September 30, 2016 Beginning Balance Charge-offs Recoveries Provisions (Credits) Ending Balance (amounts in thousands) Commercial and Industrial $ 870 $ — $ 7 $ 24 $ 901 Real Estate Construction: Residential 252 — — 27 279 Commercial 2,512 — — 53 2,565 Real Estate Mortgage: Commercial – Owner Occupied 1,686 — — 319 2,005 Commercial – Non-owner Occupied 3,923 — — (78 ) 3,845 Residential – 1 to 4 Family 4,222 — 2 355 4,579 Residential – Multifamily 452 — — 10 462 Consumer 248 — — (10 ) 238 Total $ 14,165 $ — $ 9 $ 700 $ 14,874 Allowance for Loan Losses: For the nine months ended September 30, 2017 Beginning Charge-offs Recoveries Provisions Ending (amounts in thousands) Commercial and Industrial $ 1,188 $ (134 ) $ 45 $ (443 ) $ 656 Real Estate Construction: Residential 268 — — (20 ) 248 Commercial 2,496 (687 ) — (32 ) 1,777 Real Estate Mortgage: Commercial – Owner Occupied 2,082 (430 ) 94 81 1,827 Commercial – Non-owner Occupied 3,889 (622 ) 148 1,206 4,621 Residential – 1 to 4 Family 4,916 (118 ) 15 1,005 5,818 Residential – Multifamily 505 (50 ) — 212 667 Consumer 236 — — (9 ) 227 Total $ 15,580 $ (2,041 ) $ 302 $ 2,000 $ 15,841 Allowance for Loan Losses: For the nine months ended September 30, 2016 Beginning Charge-offs Recoveries Provisions Ending (amounts in thousands) Commercial and Industrial $ 952 $ (76 ) $ 8 $ 17 $ 901 Real Estate Construction: Residential 247 — — 32 279 Commercial 2,501 (1,081 ) — 1,145 2,565 Real Estate Mortgage: Commercial – Owner Occupied 3,267 — — (1,262 ) 2,005 Commercial – Non-owner Occupied 3,838 (154 ) — 161 3,845 Residential – 1 to 4 Family 4,802 (698 ) 22 453 4,579 Residential – Multifamily 254 (45 ) — 253 462 Consumer 275 — — (37 ) 238 Total $ 16,136 $ (2,054 ) $ 30 $ 762 $ 14,874 Allowance for Loan Losses, at Individually evaluated for impairment Collectively evaluated for impairment Total (amounts in thousands) Commercial and Industrial $ — $ 656 $ 656 Real Estate Construction: Residential — 248 248 Commercial 124 1,653 1,777 Real Estate Mortgage: Commercial – Owner Occupied 55 1,772 1,827 Commercial – Non-owner Occupied 208 4,413 4,621 Residential – 1 to 4 Family 15 5,803 5,818 Residential – Multifamily — 667 667 Consumer — 227 227 Total $ 402 $ 15,439 $ 15,841 Allowance for Loan Losses, at Individually evaluated for impairment Collectively evaluated for impairment Total (amounts in thousands) Commercial and Industrial $ 138 $ 1,050 $ 1,188 Real Estate Construction: Residential — 268 268 Commercial 155 2,341 2,496 Real Estate Mortgage: Commercial – Owner Occupied 498 1,584 2,082 Commercial – Non-owner Occupied 226 3,663 3,889 Residential – 1 to 4 Family 234 4,682 4,916 Residential – Multifamily — 505 505 Consumer — 236 236 Total $ 1,251 $ 14,329 $ 15,580 Loans, at September 30, 2017: Individually evaluated for impairment Collectively evaluated for impairment Total (amounts in thousands) Commercial and Industrial $ 18 $ 28,028 $ 28,046 Real Estate Construction: Residential — 17,725 17,725 Commercial 6,146 63,954 70,100 Real Estate Mortgage: Commercial – Owner Occupied 3,881 110,265 114,146 Commercial – Non-owner Occupied 12,523 262,791 275,314 Residential – 1 to 4 Family 4,339 377,128 381,467 Residential – Multifamily 50,532 50,532 Consumer 17 15,999 16,016 Total $ 26,924 $ 926,422 $ 953,346 Loans, at December 31, 2016: Individually evaluated for impairment Collectively evaluated for impairment Total (amounts in thousands) Commercial and Industrial $ 159 $ 26,615 $ 26,774 Real Estate Construction: Residential — 8,825 8,825 Commercial 8,386 50,083 58,469 Real Estate Mortgage: Commercial – Owner Occupied 4,380 119,518 123,898 Commercial – Non-owner Occupied 19,000 249,123 268,123 Residential – 1 to 4 Family 4,065 305,275 309,340 Residential – Multifamily 308 39,496 39,804 Consumer 107 16,613 16,720 Total $ 36,405 $ 815,548 $ 851,953

REGULATORY MATTERS

REGULATORY MATTERS	9 Months Ended
	Sep. 30, 2017
Banking and Thrift [Abstract]
REGULATORY MATTERS	REGULATORY MATTERS Banks and bank holding companies are subject to regulatory capital requirements administered by federal banking agencies. Capital adequacy guidelines and, additionally for banks, prompt corrective action regulations, involve quantitative measures of assets, liabilities, and certain off-balance-sheet items calculated under regulatory accounting practices. Capital amounts and classifications are also subject to qualitative judgments by regulators. Failure to meet capital requirements can result in regulatory action. The final rules implementing Basel Committee on Banking Supervision's capital guidelines for U.S. banks (Basel III rules) became effective for the Company on January 1, 2015 with full compliance with all of the requirements being phased in over a multi-year schedule, and fully phased in by January 1, 2019. Under the Basel III rules, the Company must hold a capital conservation buffer above the adequately capitalized risk-based capital ratios. The capital conservation buffer is being phased in from 0.0% for 2015 to 2.50% by 2019. The capital conservation buffer for 2017 is 1.25%. The net unrealized gain or loss on available for sale securities is not included in computing regulatory capital. Management believes, as of September 30, 2017 and December 31, 2016 , that the Company and Bank met all capital adequacy requirements to which they are subject. Prompt corrective action regulations provide five classifications: well capitalized, adequately capitalized, under capitalized, significantly under capitalized, and critically under capitalized, although these terms are not used to represent overall financial condition. If adequately capitalized, regulatory approval is required to accept brokered deposits. If under capitalized, capital distributions are limited, as is asset growth and expansion, and capital restoration plans are required. As of September 30, 2017 and December 31, 2016 , the most recent regulatory notifications categorized the Bank as well capitalized under the regulatory framework for prompt corrective action. There are no conditions or events since that notification that management believes have changed the institution's category. To be categorized as well capitalized, the Bank must maintain minimum total risk based, Tier 1 risk based, Tier 1 common equity, and Tier 1 leverage ratios as set forth in the following tables: Regulatory Restrictions As of September 30, 2017 Actual For Capital Adequacy For Capital Adequacy Purposes With Capital Conservation Buffer* To be Well Capitalized (amounts in thousands except ratios) Amount Ratio Amount Ratio Amount Ratio Amount Ratio Company: Total risk-based capital $ 162,986 17.71 % $ 73,620 8.00 % $ 85,123 9.25 % $ 92,025 10.0 % Tier 1 risk-based capital 151,429 16.46 % 55,215 6.00 % 66,718 7.25 % 73,620 8.0 % Tier 1 leverage 151,426 14.66 % 41,319 4.00 % 41,319 4.00 % 51,648 5.0 % Tier 1 common equity 119,434 12.98 % 41,411 4.50 % 52,914 5.75 % 59,816 6.5 % Parke Bank: Total risk-based capital $ 159,604 17.34 % $ 73,619 8.00 % $ 85,122 9.25 % $ 92,024 10.0 % Tier 1 risk-based capital 148,047 16.09 % 55,215 6.00 % 66,718 7.25 % 73,619 8.0 % Tier 1 leverage 148,047 14.33 % 41,319 4.00 % 41,319 4.00 % 51,648 5.0 % Tier 1 common equity 148,047 16.09 % 41,411 4.50 % 52,914 5.75 % 59,816 6.5 % As of December 31, 2016 Actual For Capital Adequacy For Capital Adequacy Purposes With Capital Conservation Buffer* To be Well Capitalized (amounts in thousands except ratios) Amount Ratio Amount Ratio Amount Ratio Amount Ratio Company: Total risk-based capital $ 154,018 18.33 % $ 67,219 8.00 % $ 72,470 8.625 % $ 84,024 10.0 % Tier 1 risk-based capital 143,453 17.07 % 50,414 6.00 % 55,666 6.625 % 67,219 8.0 % Tier 1 leverage 143,453 15.25 % 37,618 4.00 % 37,618 4.000 % 47,023 5.0 % Tier 1 common equity 110,453 13.15 % 37,811 4.50 % 43,062 5.125 % 54,615 6.5 % Parke Bank: Total risk-based capital $ 150,636 17.93 % $ 67,218 8.00 % $ 72,470 8.625 % $ 84,023 10.0 % Tier 1 risk-based capital 140,070 16.67 % 50,414 6.00 % 55,665 6.625 % 67,218 8.0 % Tier 1 leverage 140,070 15.29 % 36,654 4.00 % 36,654 4.000 % 45,818 5.0 % Tier 1 common equity 140,070 16.67 % 37,810 4.50 % 43,062 5.125 % 54,615 6.5 % *The minimums under Basel III increase by .625% (the capital conservation buffer) annually until 2019. The fully phased-in minimums are 10.5% (Total risk-based capital), 8.5% (Tier 1 risk-based capital), and 7.0% (Tier 1 common equity).

OTHER COMPREHENSIVE LOSS

OTHER COMPREHENSIVE LOSS	9 Months Ended
	Sep. 30, 2017
Other Comprehensive Income (Loss), Net of Tax, Portion Attributable to Parent [Abstract]
OTHER COMPREHENSIVE LOSS	OTHER COMPREHENSIVE LOSS The Company’s accumulated other comprehensive loss consisted of the following at September 30, 2017 and December 31, 2016 : September 30, December 31, (amounts in thousands) Securities: Non-credit unrealized losses on securities with OTTI $ (287 ) $ (309 ) Unrealized gains on securities without OTTI 49 (273 ) Tax impact 95 233 Other comprehensive loss $ (143 ) $ (349 )

FAIR VALUE

FAIR VALUE	9 Months Ended
	Sep. 30, 2017
Fair Value Disclosures [Abstract]
FAIR VALUE	FAIR VALUE Fair Value Measurements The Company uses fair value measurements to record fair value adjustments to certain assets and liabilities and to determine fair value disclosures. In accordance with the "Fair Value Measurements and Disclosures" Topic 820 of FASB ASC, the fair value of a financial instrument is the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. Fair value is best determined based upon quoted market prices. However, in many instances, there are no quoted market prices for the Company's various financial instruments. In cases where quoted market prices are not available, fair values are based on estimates using present value or other valuation techniques. Those techniques are significantly affected by the assumptions used, including the discount rate and estimates of future cash flows. Accordingly, the fair value estimates may not be realized in an immediate settlement of the instrument. The fair value guidance provides a consistent definition of fair value, which focuses on exit price in an orderly transaction (that is, not a forced liquidation or distressed sale) between market participants at the measurement date under current market conditions. If there has been a significant decrease in the volume and level of activity for the asset or liability, a change in valuation technique or the use of multiple valuation techniques may be appropriate. In such instances, determining the price at which willing market participants would transact at the measurement date under current market conditions depends on the facts and circumstances and requires the use of significant judgment. The fair value is a reasonable point within the range that is most representative of fair value under current market conditions. In accordance with this guidance, the Company groups its assets and liabilities carried at fair value in three levels as follows: Level 1 Input: 1) Unadjusted quoted prices in active markets that are accessible at the measurement date for identical, unrestricted assets or liabilities. Level 2 Inputs: 1) Quoted prices for similar assets or liabilities in active markets. 2) Quoted prices for identical or similar assets or liabilities in markets that are not active. 3) Inputs other than quoted prices that are observable, either directly or indirectly, for the term of the asset or liability (e.g., interest rates, yield curves, credit risks, prepayment speeds or volatilities) or “market corroborated inputs.” Level 3 Inputs: 1) Prices or valuation techniques that require inputs that are both unobservable (i.e. supported by little or no market activity) and that are significant to the fair value of the assets or liabilities. 2) These assets and liabilities include financial instruments whose value is determined using pricing models, discounted cash flow methodologies, or similar techniques, as well as instruments for which the determination of fair value requires significant management judgment or estimation. Fair Value on a Recurring Basis: The following is a description of the Company’s valuation methodologies for assets carried at fair value. These methods may produce a fair value calculation that may not be indicative of net realizable value or reflective of future fair values. Furthermore, while the Company believes that 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 estimate of fair value at the reporting measurement date. Investment Securities Available for Sale: Where quoted prices are available in an active market, securities are classified in Level 1 of the valuation hierarchy. If quoted market prices are not available for the specific security, then fair values are provided by independent third-party valuation services. These valuation services estimate fair values using pricing models and other accepted valuation methodologies, such as quotes for similar securities and observable yield curves and spreads. As part of the Company’s overall valuation process, management evaluates these third-party methodologies to ensure that they are representative of exit prices in the Company’s principal markets. Securities in Level 2 include mortgage-backed securities, corporate debt obligations, collateralized mortgage-backed securities, and Collateralized Debt Obligations, ("TruPS"). Securities in Level 3 include thinly-traded collateralized debt obligations. With the assistance of competent third-party valuation specialists, the Company utilized the following methodology to determine the fair value: Cash flows were developed based on the estimated speeds at which the TruPS are expected to prepay (a range of 1% to 2% ), the estimated rates at which the TruPS are expected to defer payments, the estimated rates at which the TruPS are expected to default (a range of 0.57% to 0.66% ), and the severity of the losses on securities which default of 95% . TruPS generally allow for prepayment by the issuer without a prepayment penalty any time after five years . A 1% prepayment rate was assumed going forward. Estimates for the Constant Default Rate (“CDR”) are based on the payment characteristics of the TruPS themselves (e.g. current, deferred, or defaulted) as well as the financial condition of the TruPS issuers in the pool. Estimates for the near-term rates of deferral and CDR are based on key financial ratios relating to the financial institutions’ capitalization, asset quality, profitability and liquidity. Finally, we consider whether or not the financial institution has received Troubled Asset Relief Program, ("TARP") funding, and if it has, the amount. Longer-term rates of deferral and defaults are based on historical averages. The fair value of each bond was assessed by discounting its projected cash flows by a discount rate. The discount rates were based on the yields of publicly traded TruPS and preferred stock issued by comparably rated banks (3 month LIBOR plus a spread of 4.0% to 9.59% ). The table below presents the balances of assets and liabilities measured at fair value on a recurring basis. Financial Assets Level 1 Level 2 Level 3 Total (amounts in thousands) Securities Available for Sale As of September 30, 2017 Corporate debt obligations $ — $ 1,031 $ — $ 1,031 Residential mortgage-backed securities — 38,678 — 38,678 Collateralized mortgage-backed securities — 114 — 114 Collateralized debt obligations — — 418 418 Total $ — $ 39,823 $ 418 $ 40,241 As of December 31, 2016 Corporate debt obligations $ — $ 1,011 $ — $ 1,011 Residential mortgage-backed securities — 43,240 — 43,240 Collateralized mortgage-backed securities — 166 — 166 Collateralized debt obligations — — 437 437 Total $ — $ 44,417 $ 437 $ 44,854 For the nine months ended September 30, 2017 , there were no transfers between the levels within the fair value hierarchy. The changes in Level 3 assets measured at fair value on a recurring basis are summarized as follows for the nine months ended September 30, 2017 Securities Available for Sale September 30, 2017 September 30, 2016 (amounts in thousands) Beginning balance at January 1, $ 437 $ 462 Total net losses included in: Settlements (19 ) (21 ) Ending balance $ 418 $ 441 Fair Value on a Non-recurring Basis: Certain assets and liabilities are not measured at fair value on an ongoing basis but are subject to fair value adjustments in certain circumstances (for example, when there is evidence of impairment). Financial Assets Level 1 Level 2 Level 3 Total (amounts in thousands) As of September 30, 2017 Collateral-dependent impaired loans $ — $ — $ 10,341 $ 10,341 OREO — — 7,487 7,487 As of December 31, 2016 Collateral-dependent impaired loans $ — $ — $ 16,070 $ 16,070 OREO — — 10,528 10,528 Collateral-dependent impaired loans, which are measured in accordance with FASB ASC Topic 310 “Receivables”, for impairment, had a carrying amount of $10.3 million and $16.1 million at September 30, 2017 and December 31, 2016 respectively, with a valuation allowance of $402,000 and $931,000 at September 30, 2017 and December 31, 2016 , respectively. The valuation allowance for collateral-dependent impaired loans is included in the allowance for loan losses on the balance sheet. All collateral-dependent impaired loans have an independent third-party full appraisal to determine the NRV based on the fair value of the underlying collateral, less cost to sell (a range of 5% to 10% ) and other costs, such as unpaid real estate taxes, that have been identified, or the present value of discounted cash flows in the case of certain impaired loans that are not collateral dependent. The appraisal will be based on an "as-is" valuation and will follow a reasonable valuation method that addresses the direct sales comparison, income, and cost approaches to market value, reconciles those approaches, and explains the elimination of each approach not used. Appraisals are updated every 12 months or sooner if we have identified possible further deterioration in value. OREO consists of commercial real estate properties which are recorded at fair value based upon current appraised value, or agreements of sale less estimated disposition costs on level 3 inputs. Properties are reappraised annually. Fair Value of Financial Instruments The Company discloses estimated fair values for its significant financial instruments in accordance with FASB ASC Topic 825, “Disclosures about Fair Value of Financial Instruments”. The methodologies for estimating the fair value of financial assets and liabilities that are measured at fair value on a recurring or non-recurring basis are discussed above. The methodologies for estimating the fair value of other financial assets and liabilities are discussed below. For certain financial assets and liabilities, carrying value approximates fair value due to the nature of the financial instrument. These instruments include cash and cash equivalents, restricted stock, accrued interest receivable, demand and other non-maturity deposits and accrued interest payable. The Company used the following methods and assumptions in estimating the fair value of the following financial instruments: Investment Securities: Fair value of securities available for sale is described above. Fair value of held to maturity securities is based upon quoted market prices. Loans (other than impaired): Fair values are estimated for portfolios of loans with similar financial characteristics. Loans are segregated by type such as commercial, residential mortgage and other consumer. Each loan category is further segmented into groups by fixed and adjustable rate interest terms and by performing and nonperforming categories. The fair value of performing loans is calculated by discounting scheduled cash flows through their estimated maturity using estimated market discount rates that reflect the credit and interest rate risk inherent in each group of loans. The estimate of maturity is based on contractual maturities for loans within each group, or on the Company’s historical experience with repayments for each loan classification, modified as required by an estimate of the effect of current economic conditions. Deposits: The fair value of time deposits is based on the discounted value of contractual cash flows, where the discount rate is estimated using the market rates currently offered for deposits of similar remaining maturities. Borrowings: The fair values of FHLB borrowings, other borrowed funds and subordinated debt are based on the discounted value of estimated cash flows. The discounted rate is estimated using market rates currently offered for similar advances or borrowings. Bank premises and equipment, customer relationships, deposit base and other information required to compute the Company’s aggregate fair value are not included in the above information. Accordingly, the above fair values are not intended to represent the aggregate fair value of the Company. The following table summarizes the carrying amounts and fair values for financial instruments at September 30, 2017 and December 31, 2016 : Level in Fair Value Hierarchy September 30, 2017 December 31, 2016 Carrying Value Fair Value Carrying Value Fair Value (amounts in thousands) Financial Assets: Cash and cash equivalents Level 1 $ 55,397 $ 55,397 $ 70,720 $ 70,720 Investment securities AFS (1) 40,241 40,241 44,854 44,854 Investment securities HTM Level 2 2,257 2,462 2,224 2,411 Restricted stock Level 2 5,497 5,497 4,658 4,658 Loans held for sale Level 2 1,350 1,350 — — Loans, net (2) 937,505 949,988 836,373 844,290 Accrued interest receivable Level 2 3,636 3,636 3,117 3,117 Financial Liabilities: Demand and savings deposits Level 2 $ 473,905 $ 473,905 $ 446,027 $ 446,027 Time deposits Level 2 369,646 370,791 342,668 344,300 Borrowings Level 2 113,053 112,559 93,053 90,362 Accrued interest payable Level 2 769 769 655 655 (1) See the recurring fair value table above. (2) For non-impaired loans, Level 2; for impaired loans, Level 3.

EARNINGS PER SHARE ("EPS")

EARNINGS PER SHARE ("EPS")	9 Months Ended
	Sep. 30, 2017
Earnings Per Share [Abstract]
EARNINGS PER SHARE ("EPS")	EARNINGS PER SHARE (“EPS”) The following tables set forth the calculation of basic and diluted EPS for the three and nine month periods ended September 30, 2017 and 2016 . For the three months ended For the nine months ended 2017 2016 2017 2016 Basic earnings per common share Net income available to common shareholders $ 3,864 $ 3,576 $ 10,427 $ 14,233 Average common shares outstanding 7,652,449 7,527,365 7,598,444 7,496,039 Basic earnings per common share $ 0.50 $ 0.48 $ 1.37 $ 1.90 Diluted earnings per common share Net income available to common shareholders $ 3,864 $ 3,576 $ 10,427 $ 14,233 Dividend on Series B Preferred Stock 297 300 893 900 Average common shares outstanding 7,652,449 7,527,365 7,598,444 7,496,039 Dilutive potential common shares 2,246,811 2,321,667 2,245,429 2,311,827 Total diluted average common shares outstanding 9,899,260 9,849,032 9,843,873 9,807,866 Diluted earnings per common share $ 0.42 $ 0.39 $ 1.15 $ 1.54 All share information has been adjusted for the 10% stock dividend paid May 19, 2017. On September 19, 2017 , the Company declared a quarterly cash dividend of $0.12 per share to common shareholders of record as of October 13, 2017 and payable on October 27, 2017 .

SUBSEQUENT EVENTS

SUBSEQUENT EVENTS	9 Months Ended
	Sep. 30, 2017
Subsequent Events [Abstract]
SUBSEQUENT EVENTS	SUBSEQUENT EVENTS Accounting guidance establishes general standards of accounting for, and disclosure of, events that occur after the balance sheet date but before financial statements are issued or are available to be issued. Accordingly, Management has evaluated subsequent events after September 30, 2017 through the date the financial statements were issued and determined that no subsequent events warranted recognition in or disclosure in the interim financial statements.

SUMMARY OF SIGNIFICANT ACCOUN20

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	9 Months Ended
	Sep. 30, 2017
Accounting Policies [Abstract]
Basis of Financial Statement Presentation	Basis of Financial Statement Presentation: The accounting and reporting policies of the Company conform to accounting principles generally accepted in the United States of America (“GAAP”) and predominant practices within the banking industry. The accompanying consolidated financial statements include the accounts of the Company and its wholly-owned subsidiary the Bank. Also included are the accounts of 44 Business Capital LLC, a joint venture formed in 2009 to originate and service SBA loans. The assets of 44 Business Capital were sold on April 28, 2016. The Bank had a 51% ownership interest in the joint venture. Parke Capital Trust I, Parke Capital Trust II and Parke Capital Trust III are wholly-owned subsidiaries but are not consolidated because they do not meet the requirements for consolidation under applicable accounting guidance. All significant inter-company balances and transactions have been eliminated. The accompanying interim financial statements should be read in conjunction with the annual financial statements and notes thereto included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2016 since they do not include all of the information and footnotes required by GAAP. The accompanying interim financial statements for the nine months ended September 30, 2017 and 2016 are unaudited. The balance sheet as of December 31, 2016 , was derived from the audited financial statements. In the opinion of management, these financial statements include all normal and recurring adjustments necessary for a fair statement of the results for such interim periods. Results of operations for the nine months ended September 30, 2017 are not necessarily indicative of the results for the full year. Certain reclassifications have been made to prior period amounts to conform to the current year presentation, with no impact on current earnings or shareholders’ equity.
Use of Estimates	Use of Estimates: The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. Material estimates that are particularly susceptible to significant change in the near term include the allowance for loan losses, other than temporary impairment losses on investment securities, the valuation of deferred income taxes, servicing assets and carrying value of OREO.
Recently Issued Accounting Pronouncements	Recently Issued Accounting Pronouncements: During August 2016, the Financial Accounting Standards Board ("FASB") issued Accounting Standards Update ("ASU") 2016-15, which is new guidance related to the Statement of Cash Flows . The new guidance clarifies the classification within the statement of cash flows for certain transactions, including debt extinguishment costs, zero-coupon debt, and contingent consideration related to business combinations, insurance proceeds, equity method distributions and beneficial interests in securitizations. The guidance also clarifies that cash flows with aspects of multiple classes of cash flows or that cannot be separated by source or use should be classified based on the activity that is likely to be the predominant source or use of cash flows for the item. This guidance is effective for fiscal years beginning after December 15, 2017 and interim periods within those fiscal years. The adoption of this guidance is not expected to be material to the consolidated financial statements. During June 2016, the FASB issued Accounting Standards Update ASU 2016-13, Financial Instruments Credit Losses. ASU 2016-13 (Topic 326), 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. This guidance is effective for fiscal years beginning after December 15, 2019 and interim periods within those fiscal years. The Company is currently in the process of gathering historical loan data required for the credit loss methodology and is reviewing a model from a third-party vendor. While we expect this standard will have an impact on the Company’s financial statements, we are still in process of conducting our evaluation. On January 5, 2016, the FASB issued Accounting Standards Update 2016-01, Financial Instruments-Overall: Recognition and Measurement of Financial Assets and Financial Liabilities (the ASU) . The ASU's changes to the current GAAP model primarily affect the accounting for equity investments, financial liabilities under the fair value option, and the presentation and disclosure requirements for financial instruments. In addition, the FASB clarified guidance related to the valuation allowance assessment when recognizing deferred tax assets resulting from unrealized losses on available-for-sale debt securities. The accounting for other financial instruments, such as loans, investments in debt securities, and financial liabilities is largely unchanged. ASU 2016-01 is effective for public business entities for fiscal years beginning after December 15, 2017, including interim periods within those fiscal years. We do not have a significant amount of equity securities classified as available-for-sale (“AFS”). Additionally, we do not have any financial liabilities accounted for under the fair value option. Therefore, the transition adjustment upon adoption of this guidance is not expected to be material. On February 25, 2016, the FASB issued Accounting Standards Update No. 2016-02, Leases (Topic 842) . ASU No. 2016-02 includes a lessee accounting model that recognizes two types of leases - finance leases and operating leases. The standard requires that a lessee recognize on the balance sheet assets and liabilities for leases with lease terms of more than 12 months. Leases with terms of less than 12 months are exempt from the new standard. The recognition, measurement, and presentation of expenses and cash flows arising from a lease by a lessee will depend on its classification as finance or operating lease. New disclosures to help investors and other financial statement users better understand the amount, timing, and uncertainty of cash flows arising from leases are also required. These disclosures include qualitative and quantitative requirements, providing information about the amounts recorded in the financial statements. The amendments are effective for fiscal years beginning after December 15, 2018, including interim periods within those fiscal years; that is, for a calendar year-end public entity, the changes take effect beginning January 1, 2019. The Company is working on gathering all key lease data elements to meet the requirements of the new guidance. The change to ASU No. 2016-02 should not have a major impact on the Company's financial statements. During March 2016, the FASB issued Accounting Standards Update No. 2016-09, Stock Compensation . ASU No. 2016-09 (Topic 718) eliminates the concept of additional paid-in capital pools for stock-based awards and requires that the related excess tax benefits and tax deficiencies be classified as an operating activity in the statement of cash flows. The new guidance also allows entities to make a one-time policy election to account for forfeitures when they occur, instead of accruing compensation cost based on the number of awards expected to vest. Additionally, the new guidance changes the requirement for an award to qualify for equity classification by permitting tax withholding up to the maximum statutory tax rate instead of the minimum statutory tax rate. Cash paid by an employer when directly withholding shares for tax withholding purposes should be classified as a financing activity in the statement of cash flows. This guidance is effective for fiscal years beginning after December 15, 2016 and interim periods within those fiscal years. The adoption of this guidance has had no impact to the consolidated financial statements. During May 2014, the FASB issued Accounting Standards No. 2014-09, Revenue from Contracts with Customers . ASU No.2014-09 (Topic 606) supersedes the revenue recognition requirements in Accounting Standards Codification Topic 606, Revenue Recognition , and most industry-specific guidance throughout the Accounting Standards Codification. The guidance requires an entity to recognize revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the company expects to be entitled in exchange for those goods or services. During August 2015, the FASB provided a one-year deferral of the effective date; therefore, the guidance is effective for interim and annual reporting periods beginning after December 15, 2017. The FASB has also issued clarification guidance as it relates to principal versus agent considerations for revenue recognition purposes and clarification guidance on other various considerations related to the new revenue recognition guidance. Additionally, during April 2016, the FASB issued further clarification guidance related to identifying performance obligations and licensing. The guidance has specifically excluded revenue derived from financial instruments, the source of the majority of the Company’s revenue, and the impact of the guidance will not be material.

INVESTMENT SECURITIES (Tables)

INVESTMENT SECURITIES (Tables)	9 Months Ended
	Sep. 30, 2017
Investments [Abstract]
Summary of Investments in Available-for-sale and Held-to-maturity Securities	The following is a summary of the Company's investments in available for sale and held to maturity securities as of September 30, 2017 and December 31, 2016 : As of September 30, 2017 Amortized cost Gross unrealized gains Gross unrealized losses Other-than- temporary impairments in AOCI Fair value (amounts in thousands) Available for sale: Corporate debt obligations $ 1,000 $ 31 $ — $ — $ 1,031 Residential mortgage-backed securities 38,664 339 325 — 38,678 Collateralized mortgage obligations 110 4 — — 114 Collateralized debt obligations 705 — — 287 418 Total available for sale $ 40,479 $ 374 $ 325 $ 287 $ 40,241 Held to maturity: States and political subdivisions $ 2,257 $ 205 $ — $ — $ 2,462 As of December 31, 2016 Amortized cost Gross unrealized gains Gross unrealized losses Other-than- temporary impairments in AOCI Fair value (amounts in thousands) Available for sale: Corporate debt obligations $ 1,000 $ 11 $ — $ — $ 1,011 Residential mortgage-backed securities 43,530 218 508 — 43,240 Collateralized mortgage obligations 160 6 — — 166 Collateralized debt obligations 746 — — 309 437 Total available for sale $ 45,436 $ 235 $ 508 $ 309 $ 44,854 Held to maturity: States and political subdivisions $ 2,224 $ 187 $ — $ — $ 2,411
Investments Classified by Contractual Maturity	The amortized cost and fair value of debt securities classified as available for sale and held to maturity, by contractual maturity as of September 30, 2017 are as follows: Amortized Cost Fair Value (amounts in thousands) Available for sale: Due within one year $ — $ — Due after one year through five years — — Due after five years through ten years 500 500 Due after ten years 1,205 949 Residential mortgage-backed securities and collateralized mortgage obligations 38,774 38,792 Total available for sale $ 40,479 $ 40,241 Held to maturity: Due within one year $ — $ — Due after one year through five years — — Due after five years through ten years 2,257 2,462 Due after ten years — — Total held to maturity $ 2,257 $ 2,462
Gross Unrealized Losses and Fair Value of Investments with Continuous Unrealized Loss Position	The following tables show the gross unrealized losses and fair value of the Company's investments with unrealized losses that are not deemed to be other than temporarily impaired (“OTTI”), aggregated by investment category and length of time that individual securities have been in a continuous unrealized loss position, at September 30, 2017 and December 31, 2016 : As of September 30, 2017 Less Than 12 Months 12 Months or Greater Total Description of Securities Fair Value Unrealized Losses Fair Value Unrealized Losses Fair Value Unrealized Losses (amounts in thousands) Available for sale: Residential mortgage-backed securities $ 15,096 $ 305 $ 841 $ 20 $ 15,937 $ 325 Total available for sale $ 15,096 $ 305 $ 841 $ 20 $ 15,937 $ 325 As of December 31, 2016 Less Than 12 Months 12 Months or Greater Total Description of Securities Fair Value Unrealized Losses Fair Value Unrealized Losses Fair Value Unrealized Losses (amounts in thousands) Available for sale: Residential mortgage-backed securities $ 17,519 $ 484 $ 1,077 $ 24 $ 18,596 $ 508 Total available for sale $ 17,519 $ 484 $ 1,077 $ 24 $ 18,596 $ 508

LOANS (Tables)

LOANS (Tables)	9 Months Ended
	Sep. 30, 2017
Receivables [Abstract]
Portfolio of Loans Outstanding	The portfolio of loans outstanding consists of the following: September 30, 2017 December 31, 2016 Amount Percentage of Total Loans Amount Percentage of Total Loans (amounts in thousands) Commercial and Industrial $ 28,046 2.9 % $ 26,774 3.1 % Real Estate Construction: Residential 17,725 1.9 8,825 1.0 Commercial 70,100 7.3 58,469 6.9 Real Estate Mortgage: Commercial – Owner Occupied 114,146 12.0 123,898 14.5 Commercial – Non-owner Occupied 275,314 28.9 268,123 31.5 Residential – 1 to 4 Family 381,467 40.0 309,340 36.3 Residential – Multifamily 50,532 5.3 39,804 4.7 Consumer 16,016 1.7 16,720 2.0 Total Loans $ 953,346 100.0 % $ 851,953 100.0 %
Age Analysis of Past Due Loans by Class	An age analysis of past due loans by class at September 30, 2017 and December 31, 2016 follows: September 30, 2017 30-59 Days Past Due 60-89 Days Past Due Greater than 90 Days and Not Accruing Total Past Due Current Total Loans (amounts in thousands) Commercial and Industrial $ — $ — $ 18 $ 18 $ 28,028 $ 28,046 Real Estate Construction: Residential — — — — 17,725 17,725 Commercial — — 1,532 1,532 68,568 70,100 Real Estate Mortgage: Commercial – Owner Occupied 187 — 157 344 113,802 114,146 Commercial – Non-owner Occupied — — 597 597 274,717 275,314 Residential – 1 to 4 Family 95 354 3,406 3,855 377,612 381,467 Residential – Multifamily — — — — 50,532 50,532 Consumer — — 17 17 15,999 16,016 Total Loans $ 282 $ 354 $ 5,727 $ 6,363 $ 946,983 $ 953,346 December 31, 2016 30-59 Days Past Due 60-89 Days Past Due Greater than 90 Days and Not Accruing Total Past Due Current Total Loans (amounts in thousands) Commercial and Industrial $ — $ — $ 159 $ 159 $ 26,615 $ 26,774 Real Estate Construction: Residential — — — — 8,825 8,825 Commercial — — 3,241 3,241 55,228 58,469 Real Estate Mortgage: Commercial – Owner Occupied — 165 430 595 123,303 123,898 Commercial – Non-owner Occupied — — 3,958 3,958 264,165 268,123 Residential – 1 to 4 Family 715 361 3,095 4,171 305,169 309,340 Residential – Multifamily — — 308 308 39,496 39,804 Consumer 31 42 107 180 16,540 16,720 Total Loans $ 746 $ 568 $ 11,298 $ 12,612 $ 839,341 $ 851,953
Impaired Loans	Impaired loans at September 30, 2017 and December 31, 2016 are set forth in the following tables: September 30, 2017 Recorded Investment Unpaid Principal Balance Related Allowance (amounts in thousands) With no related allowance recorded: Commercial and Industrial $ 18 $ 22 $ — Real Estate Construction: Residential — — — Commercial 1,505 5,996 — Real Estate Mortgage: Commercial – Owner Occupied 157 157 — Commercial – Non-owner Occupied 519 2,335 — Residential – 1 to 4 Family 3,406 3,466 — Residential – Multifamily — — — Consumer 17 17 — 5,622 11,993 — With an allowance recorded: Commercial and Industrial — — — Real Estate Construction: Residential — — — Commercial 4,641 4,738 124 Real Estate Mortgage: Commercial – Owner Occupied 3,724 3,753 55 Commercial – Non-owner Occupied 12,004 12,004 208 Residential – 1 to 4 Family 933 933 15 Residential – Multifamily — — — Consumer — — — 21,302 21,428 402 Total: Commercial and Industrial 18 22 — Real Estate Construction: Residential — — — Commercial 6,146 10,734 124 Real Estate Mortgage: Commercial – Owner Occupied 3,881 3,910 55 Commercial – Non-owner Occupied 12,523 14,339 208 Residential – 1 to 4 Family 4,339 4,399 15 Residential – Multifamily — — — Consumer 17 17 — $ 26,924 $ 33,421 $ 402 December 31, 2016 Recorded Investment Unpaid Principal Balance Related Allowance (amounts in thousands) With no related allowance recorded: Commercial and Industrial $ 21 $ 23 $ — Real Estate Construction: Residential — — — Commercial 1,161 1,161 — Real Estate Mortgage: Commercial – Owner Occupied — — — Commercial – Non-owner Occupied 3,494 3,739 — Residential – 1 to 4 Family 2,384 2,434 — Residential – Multifamily 308 354 — Consumer 107 107 — 7,475 7,818 — With an allowance recorded: Commercial and Industrial 138 1,392 138 Real Estate Construction: Residential — — — Commercial 7,225 11,125 155 Real Estate Mortgage: Commercial – Owner Occupied 4,380 4,409 498 Commercial – Non-owner Occupied 15,506 17,100 226 Residential – 1 to 4 Family 1,681 1,697 234 Residential – Multifamily — — — Consumer — — — 28,930 35,723 1,251 Total: Commercial and Industrial 159 1,415 138 Real Estate Construction: Residential — — — Commercial 8,386 12,286 155 Real Estate Mortgage: Commercial – Owner Occupied 4,380 4,409 498 Commercial – Non-owner Occupied 19,000 20,839 226 Residential – 1 to 4 Family 4,065 4,131 234 Residential – Multifamily 308 354 — Consumer 107 107 — $ 36,405 $ 43,541 $ 1,251 The following table presents by loan portfolio class, the average recorded investment and interest income recognized on impaired loans for the three and nine months ended September 30, 2017 and 2016 : Three Months Ended September 30, 2017 2016 Average Recorded Investment Interest Income Recognized Average Recorded Investment Interest Income Recognized (amounts in thousands) Commercial and Industrial $ 22 $ — $ 351 $ — Real Estate Construction: Residential — — — — Commercial 10,760 51 9,233 59 Real Estate Mortgage: Commercial – Owner Occupied 3,955 49 4,978 49 Commercial – Non-owner Occupied 14,392 153 19,168 190 Residential – 1 to 4 Family 4,410 20 3,616 25 Residential – Multifamily — — 308 — Consumer 17 — 37 1 Total $ 33,556 $ 273 $ 37,691 $ 324 Nine Months Ended September 30, 2017 2016 Average Interest Average Interest (amounts in thousands) Commercial and Industrial $ 23 $ 1 $ 390 $ 1 Real Estate Construction: Residential — — — — Commercial 8,863 152 9,658 178 Real Estate Mortgage: Commercial – Owner Occupied 4,018 146 5,044 137 Commercial – Non-owner Occupied 13,733 463 19,281 562 Residential – 1 to 4 Family 4,420 63 3,635 87 Residential – Multifamily — — 324 8 Consumer 18 1 37 2 Total $ 31,075 $ 826 $ 38,369 $ 975
Analysis of Credit Risk Profile by Internally Assigned Grades	An analysis of the credit risk profile by internally assigned grades as of September 30, 2017 and December 31, 2016 is as follows: At September 30, 2017 Pass OAEM Substandard Doubtful Total (amounts in thousands) Commercial and Industrial $ 27,943 $ 103 $ — $ — $ 28,046 Real Estate Construction: Residential 17,725 — — — 17,725 Commercial 55,906 5,756 8,438 — 70,100 Real Estate Mortgage: Commercial – Owner Occupied 111,310 2,679 157 — 114,146 Commercial – Non-owner Occupied 274,575 — 739 — 275,314 Residential – 1 to 4 Family 377,349 570 3,548 — 381,467 Residential – Multifamily 50,532 — — — 50,532 Consumer 15,999 — 17 — 16,016 Total $ 931,339 $ 9,108 $ 12,899 $ — $ 953,346 At December 31, 2016 Pass OAEM Substandard Doubtful Total (amounts in thousands) Commercial and Industrial $ 26,515 $ 121 $ 138 $ — $ 26,774 Real Estate Construction: Residential 8,825 — — — 8,825 Commercial 35,656 12,516 10,297 — 58,469 Real Estate Mortgage: Commercial – Owner Occupied 120,166 3,302 430 — 123,898 Commercial – Non-owner Occupied 261,181 79 6,863 — 268,123 Residential – 1 to 4 Family 304,042 1,536 3,762 — 309,340 Residential – Multifamily 39,496 — 308 — 39,804 Consumer 16,612 — 108 — 16,720 Total $ 812,493 $ 17,554 $ 21,906 $ — $ 851,953

ALLOWANCE FOR LOAN LOSSES (Tabl

ALLOWANCE FOR LOAN LOSSES (Tables)	9 Months Ended
	Sep. 30, 2017
Financing Receivable, Allowance for Credit Loss, Additional Information [Abstract]
Analysis of Allowance for Loan Losses	An analysis of the allowance for loan losses for the three and nine month periods ended September 30, 2017 and 2016 is as follows: Allowance for Loan Losses : For the three months ended September 30, 2017 Beginning Balance Charge-offs Recoveries Provisions (Credits) Ending Balance (amounts in thousands) Commercial and Industrial $ 1,202 $ — $ 3 $ (549 ) $ 656 Real Estate Construction: Residential 264 — — (16 ) 248 Commercial 1,994 (687 ) — 470 1,777 Real Estate Mortgage: Commercial – Owner Occupied 1,835 — 25 (33 ) 1,827 Commercial – Non-owner Occupied 4,915 (621 ) 102 225 4,621 Residential – 1 to 4 Family 5,422 — 10 386 5,818 Residential – Multifamily 699 (50 ) — 18 667 Consumer 228 — — (1 ) 227 Total $ 16,559 $ (1,358 ) $ 140 $ 500 $ 15,841 Allowance for Loan Losses : For the three months ended September 30, 2016 Beginning Balance Charge-offs Recoveries Provisions (Credits) Ending Balance (amounts in thousands) Commercial and Industrial $ 870 $ — $ 7 $ 24 $ 901 Real Estate Construction: Residential 252 — — 27 279 Commercial 2,512 — — 53 2,565 Real Estate Mortgage: Commercial – Owner Occupied 1,686 — — 319 2,005 Commercial – Non-owner Occupied 3,923 — — (78 ) 3,845 Residential – 1 to 4 Family 4,222 — 2 355 4,579 Residential – Multifamily 452 — — 10 462 Consumer 248 — — (10 ) 238 Total $ 14,165 $ — $ 9 $ 700 $ 14,874 Allowance for Loan Losses: For the nine months ended September 30, 2017 Beginning Charge-offs Recoveries Provisions Ending (amounts in thousands) Commercial and Industrial $ 1,188 $ (134 ) $ 45 $ (443 ) $ 656 Real Estate Construction: Residential 268 — — (20 ) 248 Commercial 2,496 (687 ) — (32 ) 1,777 Real Estate Mortgage: Commercial – Owner Occupied 2,082 (430 ) 94 81 1,827 Commercial – Non-owner Occupied 3,889 (622 ) 148 1,206 4,621 Residential – 1 to 4 Family 4,916 (118 ) 15 1,005 5,818 Residential – Multifamily 505 (50 ) — 212 667 Consumer 236 — — (9 ) 227 Total $ 15,580 $ (2,041 ) $ 302 $ 2,000 $ 15,841 Allowance for Loan Losses: For the nine months ended September 30, 2016 Beginning Charge-offs Recoveries Provisions Ending (amounts in thousands) Commercial and Industrial $ 952 $ (76 ) $ 8 $ 17 $ 901 Real Estate Construction: Residential 247 — — 32 279 Commercial 2,501 (1,081 ) — 1,145 2,565 Real Estate Mortgage: Commercial – Owner Occupied 3,267 — — (1,262 ) 2,005 Commercial – Non-owner Occupied 3,838 (154 ) — 161 3,845 Residential – 1 to 4 Family 4,802 (698 ) 22 453 4,579 Residential – Multifamily 254 (45 ) — 253 462 Consumer 275 — — (37 ) 238 Total $ 16,136 $ (2,054 ) $ 30 $ 762 $ 14,874 Allowance for Loan Losses, at Individually evaluated for impairment Collectively evaluated for impairment Total (amounts in thousands) Commercial and Industrial $ — $ 656 $ 656 Real Estate Construction: Residential — 248 248 Commercial 124 1,653 1,777 Real Estate Mortgage: Commercial – Owner Occupied 55 1,772 1,827 Commercial – Non-owner Occupied 208 4,413 4,621 Residential – 1 to 4 Family 15 5,803 5,818 Residential – Multifamily — 667 667 Consumer — 227 227 Total $ 402 $ 15,439 $ 15,841 Allowance for Loan Losses, at Individually evaluated for impairment Collectively evaluated for impairment Total (amounts in thousands) Commercial and Industrial $ 138 $ 1,050 $ 1,188 Real Estate Construction: Residential — 268 268 Commercial 155 2,341 2,496 Real Estate Mortgage: Commercial – Owner Occupied 498 1,584 2,082 Commercial – Non-owner Occupied 226 3,663 3,889 Residential – 1 to 4 Family 234 4,682 4,916 Residential – Multifamily — 505 505 Consumer — 236 236 Total $ 1,251 $ 14,329 $ 15,580 Loans, at September 30, 2017: Individually evaluated for impairment Collectively evaluated for impairment Total (amounts in thousands) Commercial and Industrial $ 18 $ 28,028 $ 28,046 Real Estate Construction: Residential — 17,725 17,725 Commercial 6,146 63,954 70,100 Real Estate Mortgage: Commercial – Owner Occupied 3,881 110,265 114,146 Commercial – Non-owner Occupied 12,523 262,791 275,314 Residential – 1 to 4 Family 4,339 377,128 381,467 Residential – Multifamily 50,532 50,532 Consumer 17 15,999 16,016 Total $ 26,924 $ 926,422 $ 953,346 Loans, at December 31, 2016: Individually evaluated for impairment Collectively evaluated for impairment Total (amounts in thousands) Commercial and Industrial $ 159 $ 26,615 $ 26,774 Real Estate Construction: Residential — 8,825 8,825 Commercial 8,386 50,083 58,469 Real Estate Mortgage: Commercial – Owner Occupied 4,380 119,518 123,898 Commercial – Non-owner Occupied 19,000 249,123 268,123 Residential – 1 to 4 Family 4,065 305,275 309,340 Residential – Multifamily 308 39,496 39,804 Consumer 107 16,613 16,720 Total $ 36,405 $ 815,548 $ 851,953

REGULATORY MATTERS (Tables)

REGULATORY MATTERS (Tables)	9 Months Ended
	Sep. 30, 2017
Banking and Thrift [Abstract]
Quantitative Measures Established by Regulation to Ensure Capital Adequacy Minimum Amounts and Ratios	Prompt corrective action regulations provide five classifications: well capitalized, adequately capitalized, under capitalized, significantly under capitalized, and critically under capitalized, although these terms are not used to represent overall financial condition. If adequately capitalized, regulatory approval is required to accept brokered deposits. If under capitalized, capital distributions are limited, as is asset growth and expansion, and capital restoration plans are required. As of September 30, 2017 and December 31, 2016 , the most recent regulatory notifications categorized the Bank as well capitalized under the regulatory framework for prompt corrective action. There are no conditions or events since that notification that management believes have changed the institution's category. To be categorized as well capitalized, the Bank must maintain minimum total risk based, Tier 1 risk based, Tier 1 common equity, and Tier 1 leverage ratios as set forth in the following tables: Regulatory Restrictions As of September 30, 2017 Actual For Capital Adequacy For Capital Adequacy Purposes With Capital Conservation Buffer* To be Well Capitalized (amounts in thousands except ratios) Amount Ratio Amount Ratio Amount Ratio Amount Ratio Company: Total risk-based capital $ 162,986 17.71 % $ 73,620 8.00 % $ 85,123 9.25 % $ 92,025 10.0 % Tier 1 risk-based capital 151,429 16.46 % 55,215 6.00 % 66,718 7.25 % 73,620 8.0 % Tier 1 leverage 151,426 14.66 % 41,319 4.00 % 41,319 4.00 % 51,648 5.0 % Tier 1 common equity 119,434 12.98 % 41,411 4.50 % 52,914 5.75 % 59,816 6.5 % Parke Bank: Total risk-based capital $ 159,604 17.34 % $ 73,619 8.00 % $ 85,122 9.25 % $ 92,024 10.0 % Tier 1 risk-based capital 148,047 16.09 % 55,215 6.00 % 66,718 7.25 % 73,619 8.0 % Tier 1 leverage 148,047 14.33 % 41,319 4.00 % 41,319 4.00 % 51,648 5.0 % Tier 1 common equity 148,047 16.09 % 41,411 4.50 % 52,914 5.75 % 59,816 6.5 % As of December 31, 2016 Actual For Capital Adequacy For Capital Adequacy Purposes With Capital Conservation Buffer* To be Well Capitalized (amounts in thousands except ratios) Amount Ratio Amount Ratio Amount Ratio Amount Ratio Company: Total risk-based capital $ 154,018 18.33 % $ 67,219 8.00 % $ 72,470 8.625 % $ 84,024 10.0 % Tier 1 risk-based capital 143,453 17.07 % 50,414 6.00 % 55,666 6.625 % 67,219 8.0 % Tier 1 leverage 143,453 15.25 % 37,618 4.00 % 37,618 4.000 % 47,023 5.0 % Tier 1 common equity 110,453 13.15 % 37,811 4.50 % 43,062 5.125 % 54,615 6.5 % Parke Bank: Total risk-based capital $ 150,636 17.93 % $ 67,218 8.00 % $ 72,470 8.625 % $ 84,023 10.0 % Tier 1 risk-based capital 140,070 16.67 % 50,414 6.00 % 55,665 6.625 % 67,218 8.0 % Tier 1 leverage 140,070 15.29 % 36,654 4.00 % 36,654 4.000 % 45,818 5.0 % Tier 1 common equity 140,070 16.67 % 37,810 4.50 % 43,062 5.125 % 54,615 6.5 % *The minimums under Basel III increase by .625% (the capital conservation buffer) annually until 2019. The fully phased-in minimums are 10.5% (Total risk-based capital), 8.5% (Tier 1 risk-based capital), and 7.0% (Tier 1 common equity).

OTHER COMPREHENSIVE LOSS (Table

OTHER COMPREHENSIVE LOSS (Tables)	9 Months Ended
	Sep. 30, 2017
Other Comprehensive Income (Loss), Net of Tax, Portion Attributable to Parent [Abstract]
Accumulated Other Comprehensive Income	The Company’s accumulated other comprehensive loss consisted of the following at September 30, 2017 and December 31, 2016 : September 30, December 31, (amounts in thousands) Securities: Non-credit unrealized losses on securities with OTTI $ (287 ) $ (309 ) Unrealized gains on securities without OTTI 49 (273 ) Tax impact 95 233 Other comprehensive loss $ (143 ) $ (349 )

FAIR VALUE (Tables)

FAIR VALUE (Tables)	9 Months Ended
	Sep. 30, 2017
Fair Value Disclosures [Abstract]
Assets and Liabilities Measured at Fair Value on a Recurring Basis	The table below presents the balances of assets and liabilities measured at fair value on a recurring basis. Financial Assets Level 1 Level 2 Level 3 Total (amounts in thousands) Securities Available for Sale As of September 30, 2017 Corporate debt obligations $ — $ 1,031 $ — $ 1,031 Residential mortgage-backed securities — 38,678 — 38,678 Collateralized mortgage-backed securities — 114 — 114 Collateralized debt obligations — — 418 418 Total $ — $ 39,823 $ 418 $ 40,241 As of December 31, 2016 Corporate debt obligations $ — $ 1,011 $ — $ 1,011 Residential mortgage-backed securities — 43,240 — 43,240 Collateralized mortgage-backed securities — 166 — 166 Collateralized debt obligations — — 437 437 Total $ — $ 44,417 $ 437 $ 44,854
Changes in Level 3 Assets Measured at Fair Value on a Recurring Basis	The changes in Level 3 assets measured at fair value on a recurring basis are summarized as follows for the nine months ended September 30, 2017 Securities Available for Sale September 30, 2017 September 30, 2016 (amounts in thousands) Beginning balance at January 1, $ 437 $ 462 Total net losses included in: Settlements (19 ) (21 ) Ending balance $ 418 $ 441
Fair Value on a Non-recurring Basis	Certain assets and liabilities are not measured at fair value on an ongoing basis but are subject to fair value adjustments in certain circumstances (for example, when there is evidence of impairment). Financial Assets Level 1 Level 2 Level 3 Total (amounts in thousands) As of September 30, 2017 Collateral-dependent impaired loans $ — $ — $ 10,341 $ 10,341 OREO — — 7,487 7,487 As of December 31, 2016 Collateral-dependent impaired loans $ — $ — $ 16,070 $ 16,070 OREO — — 10,528 10,528
Summary of Carrying Value and Fair Value of Financial Instruments	The following table summarizes the carrying amounts and fair values for financial instruments at September 30, 2017 and December 31, 2016 : Level in Fair Value Hierarchy September 30, 2017 December 31, 2016 Carrying Value Fair Value Carrying Value Fair Value (amounts in thousands) Financial Assets: Cash and cash equivalents Level 1 $ 55,397 $ 55,397 $ 70,720 $ 70,720 Investment securities AFS (1) 40,241 40,241 44,854 44,854 Investment securities HTM Level 2 2,257 2,462 2,224 2,411 Restricted stock Level 2 5,497 5,497 4,658 4,658 Loans held for sale Level 2 1,350 1,350 — — Loans, net (2) 937,505 949,988 836,373 844,290 Accrued interest receivable Level 2 3,636 3,636 3,117 3,117 Financial Liabilities: Demand and savings deposits Level 2 $ 473,905 $ 473,905 $ 446,027 $ 446,027 Time deposits Level 2 369,646 370,791 342,668 344,300 Borrowings Level 2 113,053 112,559 93,053 90,362 Accrued interest payable Level 2 769 769 655 655 (1) See the recurring fair value table above. (2) For non-impaired loans, Level 2; for impaired loans, Level 3.

EARNINGS PER SHARE ("EPS") (Tab

EARNINGS PER SHARE ("EPS") (Tables)	9 Months Ended
	Sep. 30, 2017
Earnings Per Share [Abstract]
Calculation of Basic and Diluted EPS	The following tables set forth the calculation of basic and diluted EPS for the three and nine month periods ended September 30, 2017 and 2016 . For the three months ended For the nine months ended 2017 2016 2017 2016 Basic earnings per common share Net income available to common shareholders $ 3,864 $ 3,576 $ 10,427 $ 14,233 Average common shares outstanding 7,652,449 7,527,365 7,598,444 7,496,039 Basic earnings per common share $ 0.50 $ 0.48 $ 1.37 $ 1.90 Diluted earnings per common share Net income available to common shareholders $ 3,864 $ 3,576 $ 10,427 $ 14,233 Dividend on Series B Preferred Stock 297 300 893 900 Average common shares outstanding 7,652,449 7,527,365 7,598,444 7,496,039 Dilutive potential common shares 2,246,811 2,321,667 2,245,429 2,311,827 Total diluted average common shares outstanding 9,899,260 9,849,032 9,843,873 9,807,866 Diluted earnings per common share $ 0.42 $ 0.39 $ 1.15 $ 1.54

ORGANIZATION (Details)

ORGANIZATION (Details) - USD ($) $ / shares in Units, $ in Millions	1 Months Ended	9 Months Ended
	Dec. 31, 2013	Sep. 30, 2017	Dec. 31, 2016
Class of Stock [Line Items]
Preferred stock, liquidation value per share (in dollars per share)		$ 1,000	$ 1,000
Date of commencement of operations		Jan. 28, 1999
Series B Preferred Stock
Class of Stock [Line Items]
Dividend rate, percentage	6.00%
Preferred stock, liquidation value per share (in dollars per share)	$ 1,000
Preferred stock, shares issued	20,000
Gross proceeds from issuance of preferred stock and preference stock	$ 20
Shares issued upon conversion (in shares)	113.679

SUMMARY OF SIGNIFICANT ACCOUN29

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details)	Sep. 30, 2017
44 Business Capital LLC
Noncontrolling Interest [Line Items]
Ownership interest in joint venture	51.00%

INVESTMENT SECURITIES - Summary

INVESTMENT SECURITIES - Summary of Investments (Details) $ in Thousands	Sep. 30, 2017USD ($)security	Dec. 31, 2016USD ($)security
Available for sale:
Amortized cost	$ 40,479	$ 45,436
Gross unrealized gains	374	235
Gross unrealized losses	325	508
Other-than- temporary impairments in AOCI	287	309
Fair value	40,241	44,854
Held to maturity:
Amortized cost	2,257	2,224
Fair value	2,462	2,411
Fair value of securities pledged to secure public deposits	34,400	23,100
Available-for-sale [Abstract]
Less Than 12 Months, Fair Value	15,096	17,519
12 Months or Greater, Fair value	841	1,077
Total, Fair Value	15,937	18,596
Less Than 12 Months, Unrealized Losses	305	484
12 Months or Greater, Unrealized Losses	20	24
Total, Unrealized Losses	325	508
Changes in the credit loss component of credit-impaired debt securities [Roll Forward]
Credit loss component of credit-impaired debt securities	171
States and political subdivisions
Held to maturity:
Amortized cost	2,257	2,224
Gross unrealized gains	205	187
Gross unrealized losses	0	0
Other-than- temporary impairments in AOCI	0	0
Fair value	2,462	2,411
Corporate debt obligations
Available for sale:
Amortized cost	1,000	1,000
Gross unrealized gains	31	11
Gross unrealized losses	0	0
Other-than- temporary impairments in AOCI	0	0
Fair value	1,031	1,011
Residential mortgage-backed securities
Available for sale:
Amortized cost	38,664	43,530
Gross unrealized gains	339	218
Gross unrealized losses	325	508
Other-than- temporary impairments in AOCI	0	0
Fair value	38,678	43,240
Available-for-sale [Abstract]
Less Than 12 Months, Fair Value	15,096	17,519
12 Months or Greater, Fair value	841	1,077
Total, Fair Value	15,937	18,596
Less Than 12 Months, Unrealized Losses	305	484
12 Months or Greater, Unrealized Losses	20	24
Total, Unrealized Losses	$ 325	$ 508
Collateralized Debt Obligations [Abstract]
Number of securities issued | security	9	10
Collateralized mortgage obligations
Available for sale:
Amortized cost	$ 110	$ 160
Gross unrealized gains	4	6
Gross unrealized losses	0	0
Other-than- temporary impairments in AOCI	0	0
Fair value	114	166
Collateralized debt obligations
Available for sale:
Amortized cost	705	746
Gross unrealized gains	0	0
Gross unrealized losses	0	0
Other-than- temporary impairments in AOCI	287	309
Fair value	$ 418	$ 437

INVESTMENT SECURITIES - Amortiz

INVESTMENT SECURITIES - Amortized Cost and Fair Value of Debt Securities (Details) - USD ($) $ in Thousands	Sep. 30, 2017	Dec. 31, 2016
Amortized Cost
Due within one year	$ 0
Due after one year through five years	0
Due after five years through ten years	500
Due after ten years	1,205
Residential mortgage-backed securities and collateralized mortgage obligations	38,774
Total available for sale	40,479
Fair Value
Due within one year	0
Due after one year through five years	0
Due after five years through ten years	500
Due after ten years	949
Residential mortgage-backed securities and collateralized mortgage obligations	38,792
Total available for sale	40,241	$ 44,854
Amortized Cost
Due within one year	0
Due after one year through five years	0
Due after five years through ten years	2,257
Due after ten years	0
Amortized cost	2,257	2,224
Fair Value
Due within one year	0
Due after one year through five years	0
Due after five years through ten years	2,462
Due after ten years	0
Total held to maturity	$ 2,462	$ 2,411

LOANS - Portfolio of Loans Outs

LOANS - Portfolio of Loans Outstanding (Details) - USD ($) $ in Thousands	Sep. 30, 2017	Dec. 31, 2016
Receivables [Abstract]
Percentage of loan-to-value	80.00%
Portfolio of loans outstanding [Abstract]
Loans Amount	$ 953,346	$ 851,953
Percentage of Total Loans	100.00%	100.00%
Commercial
Portfolio of loans outstanding [Abstract]
Loans Amount	$ 28,046	$ 26,774
Percentage of Total Loans	2.90%	3.10%
Real Estate | Real Estate Construction | Residential
Portfolio of loans outstanding [Abstract]
Loans Amount	$ 17,725	$ 8,825
Percentage of Total Loans	1.90%	1.00%
Real Estate | Real Estate Construction | Commercial
Portfolio of loans outstanding [Abstract]
Loans Amount	$ 70,100	$ 58,469
Percentage of Total Loans	7.30%	6.90%
Real Estate | Real Estate Mortgage | Commercial – Owner Occupied
Portfolio of loans outstanding [Abstract]
Loans Amount	$ 114,146	$ 123,898
Percentage of Total Loans	12.00%	14.50%
Real Estate | Real Estate Mortgage | Commercial – Non-owner Occupied
Portfolio of loans outstanding [Abstract]
Loans Amount	$ 275,314	$ 268,123
Percentage of Total Loans	28.90%	31.50%
Real Estate | Real Estate Mortgage | Residential – 1 to 4 Family
Portfolio of loans outstanding [Abstract]
Loans Amount	$ 381,467	$ 309,340
Percentage of Total Loans	40.00%	36.30%
Real Estate | Real Estate Mortgage | Residential – Multifamily
Portfolio of loans outstanding [Abstract]
Loans Amount	$ 50,532	$ 39,804
Percentage of Total Loans	5.30%	4.70%
Consumer
Portfolio of loans outstanding [Abstract]
Loans Amount	$ 16,016	$ 16,720
Percentage of Total Loans	1.70%	2.00%

LOANS - Nonaccrual and Past Due

LOANS - Nonaccrual and Past Due Loans (Details) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2017	Dec. 31, 2016
Nonaccrual and Past Due Loans [Abstract]
Number of days past due for loan to be classified under non-accrual status	90 days
Age analysis of past due loans by class [Abstract]
Total Past Due	$ 6,363	$ 12,612
Current	946,983	839,341
Total Loans	953,346	851,953
30-59 Days Past Due
Age analysis of past due loans by class [Abstract]
Total Past Due	282	746
60-89 Days Past Due
Age analysis of past due loans by class [Abstract]
Total Past Due	354	568
Greater than 90 Days and Not Accruing
Age analysis of past due loans by class [Abstract]
Total Past Due	5,727	11,298
Commercial
Age analysis of past due loans by class [Abstract]
Total Past Due	18	159
Current	28,028	26,615
Total Loans	28,046	26,774
Commercial | 30-59 Days Past Due
Age analysis of past due loans by class [Abstract]
Total Past Due	0	0
Commercial | 60-89 Days Past Due
Age analysis of past due loans by class [Abstract]
Total Past Due	0	0
Commercial | Greater than 90 Days and Not Accruing
Age analysis of past due loans by class [Abstract]
Total Past Due	18	159
Real Estate | Real Estate Construction | Residential
Age analysis of past due loans by class [Abstract]
Total Past Due	0	0
Current	17,725	8,825
Total Loans	17,725	8,825
Real Estate | Real Estate Construction | Residential | 30-59 Days Past Due
Age analysis of past due loans by class [Abstract]
Total Past Due	0	0
Real Estate | Real Estate Construction | Residential | 60-89 Days Past Due
Age analysis of past due loans by class [Abstract]
Total Past Due	0	0
Real Estate | Real Estate Construction | Residential | Greater than 90 Days and Not Accruing
Age analysis of past due loans by class [Abstract]
Total Past Due	0	0
Real Estate | Real Estate Construction | Commercial
Age analysis of past due loans by class [Abstract]
Total Past Due	1,532	3,241
Current	68,568	55,228
Total Loans	70,100	58,469
Real Estate | Real Estate Construction | Commercial | 30-59 Days Past Due
Age analysis of past due loans by class [Abstract]
Total Past Due	0	0
Real Estate | Real Estate Construction | Commercial | 60-89 Days Past Due
Age analysis of past due loans by class [Abstract]
Total Past Due	0	0
Real Estate | Real Estate Construction | Commercial | Greater than 90 Days and Not Accruing
Age analysis of past due loans by class [Abstract]
Total Past Due	1,532	3,241
Real Estate | Real Estate Mortgage | Commercial – Owner Occupied
Age analysis of past due loans by class [Abstract]
Total Past Due	344	595
Current	113,802	123,303
Total Loans	114,146	123,898
Real Estate | Real Estate Mortgage | Commercial – Owner Occupied | 30-59 Days Past Due
Age analysis of past due loans by class [Abstract]
Total Past Due	187	0
Real Estate | Real Estate Mortgage | Commercial – Owner Occupied | 60-89 Days Past Due
Age analysis of past due loans by class [Abstract]
Total Past Due	0	165
Real Estate | Real Estate Mortgage | Commercial – Owner Occupied | Greater than 90 Days and Not Accruing
Age analysis of past due loans by class [Abstract]
Total Past Due	157	430
Real Estate | Real Estate Mortgage | Commercial – Non-owner Occupied
Age analysis of past due loans by class [Abstract]
Total Past Due	597	3,958
Current	274,717	264,165
Total Loans	275,314	268,123
Real Estate | Real Estate Mortgage | Commercial – Non-owner Occupied | 30-59 Days Past Due
Age analysis of past due loans by class [Abstract]
Total Past Due	0	0
Real Estate | Real Estate Mortgage | Commercial – Non-owner Occupied | 60-89 Days Past Due
Age analysis of past due loans by class [Abstract]
Total Past Due	0	0
Real Estate | Real Estate Mortgage | Commercial – Non-owner Occupied | Greater than 90 Days and Not Accruing
Age analysis of past due loans by class [Abstract]
Total Past Due	597	3,958
Real Estate | Real Estate Mortgage | Residential – 1 to 4 Family
Age analysis of past due loans by class [Abstract]
Total Past Due	3,855	4,171
Current	377,612	305,169
Total Loans	381,467	309,340
Real Estate | Real Estate Mortgage | Residential – 1 to 4 Family | 30-59 Days Past Due
Age analysis of past due loans by class [Abstract]
Total Past Due	95	715
Real Estate | Real Estate Mortgage | Residential – 1 to 4 Family | 60-89 Days Past Due
Age analysis of past due loans by class [Abstract]
Total Past Due	354	361
Real Estate | Real Estate Mortgage | Residential – 1 to 4 Family | Greater than 90 Days and Not Accruing
Age analysis of past due loans by class [Abstract]
Total Past Due	3,406	3,095
Real Estate | Real Estate Mortgage | Residential – Multifamily
Age analysis of past due loans by class [Abstract]
Total Past Due	0	308
Current	50,532	39,496
Total Loans	50,532	39,804
Real Estate | Real Estate Mortgage | Residential – Multifamily | 30-59 Days Past Due
Age analysis of past due loans by class [Abstract]
Total Past Due	0	0
Real Estate | Real Estate Mortgage | Residential – Multifamily | 60-89 Days Past Due
Age analysis of past due loans by class [Abstract]
Total Past Due	0	0
Real Estate | Real Estate Mortgage | Residential – Multifamily | Greater than 90 Days and Not Accruing
Age analysis of past due loans by class [Abstract]
Total Past Due	0	308
Consumer
Age analysis of past due loans by class [Abstract]
Total Past Due	17	180
Current	15,999	16,540
Total Loans	16,016	16,720
Consumer | 30-59 Days Past Due
Age analysis of past due loans by class [Abstract]
Total Past Due	0	31
Consumer | 60-89 Days Past Due
Age analysis of past due loans by class [Abstract]
Total Past Due	0	42
Consumer | Greater than 90 Days and Not Accruing
Age analysis of past due loans by class [Abstract]
Total Past Due	$ 17	$ 107

LOANS - Impaired Loans and Trou

LOANS - Impaired Loans and Troubled Debt Restructurings (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2017	Sep. 30, 2016	Sep. 30, 2017	Sep. 30, 2016	Dec. 31, 2016
Financing Receivable, Impaired [Line Items]
Period for performing appraisal of loans			12 months
Period for borrower to pledge additional security, maximum			90 days
Period of payment history, minimum			9 months
Recorded Investment
With no related allowance recorded	$ 5,622		$ 5,622		$ 7,475
With an allowance recorded	21,302		21,302		28,930
Total recorded investment	26,924		26,924		36,405
Unpaid Principal Balance
With no related allowance recorded	11,993		11,993		7,818
With an allowance recorded	21,428		21,428		35,723
Total unpaid principal balance	33,421		33,421		43,541
Related Allowance
Total related allowance	402		402		1,251
Average recorded investment and interest income recognized [Abstract]
Average Recorded Investment	33,556	$ 37,691	31,075	$ 38,369
Interest Income Recognized	273	324	826	975
Commercial
Recorded Investment
With no related allowance recorded	18		18		21
With an allowance recorded	0		0		138
Total recorded investment	18		18		159
Unpaid Principal Balance
With no related allowance recorded	22		22		23
With an allowance recorded	0		0		1,392
Total unpaid principal balance	22		22		1,415
Related Allowance
Total related allowance	0		0		138
Average recorded investment and interest income recognized [Abstract]
Average Recorded Investment	22	351	23	390
Interest Income Recognized	0	0	1	1
Real Estate | Real Estate Construction | Residential
Recorded Investment
With no related allowance recorded	0		0		0
With an allowance recorded	0		0		0
Total recorded investment	0		0		0
Unpaid Principal Balance
With no related allowance recorded	0		0		0
With an allowance recorded	0		0		0
Total unpaid principal balance	0		0		0
Related Allowance
Total related allowance	0		0		0
Average recorded investment and interest income recognized [Abstract]
Average Recorded Investment	0	0	0	0
Interest Income Recognized	0	0	0	0
Real Estate | Real Estate Construction | Commercial
Recorded Investment
With no related allowance recorded	1,505		1,505		1,161
With an allowance recorded	4,641		4,641		7,225
Total recorded investment	6,146		6,146		8,386
Unpaid Principal Balance
With no related allowance recorded	5,996		5,996		1,161
With an allowance recorded	4,738		4,738		11,125
Total unpaid principal balance	10,734		10,734		12,286
Related Allowance
Total related allowance	124		124		155
Average recorded investment and interest income recognized [Abstract]
Average Recorded Investment	10,760	9,233	8,863	9,658
Interest Income Recognized	51	59	152	178
Real Estate | Real Estate Mortgage | Commercial – Owner Occupied
Recorded Investment
With no related allowance recorded	157		157		0
With an allowance recorded	3,724		3,724		4,380
Total recorded investment	3,881		3,881		4,380
Unpaid Principal Balance
With no related allowance recorded	157		157		0
With an allowance recorded	3,753		3,753		4,409
Total unpaid principal balance	3,910		3,910		4,409
Related Allowance
Total related allowance	55		55		498
Average recorded investment and interest income recognized [Abstract]
Average Recorded Investment	3,955	4,978	4,018	5,044
Interest Income Recognized	49	49	146	137
Real Estate | Real Estate Mortgage | Commercial – Non-owner Occupied
Recorded Investment
With no related allowance recorded	519		519		3,494
With an allowance recorded	12,004		12,004		15,506
Total recorded investment	12,523		12,523		19,000
Unpaid Principal Balance
With no related allowance recorded	2,335		2,335		3,739
With an allowance recorded	12,004		12,004		17,100
Total unpaid principal balance	14,339		14,339		20,839
Related Allowance
Total related allowance	208		208		226
Average recorded investment and interest income recognized [Abstract]
Average Recorded Investment	14,392	19,168	13,733	19,281
Interest Income Recognized	153	190	463	562
Real Estate | Real Estate Mortgage | Residential – 1 to 4 Family
Recorded Investment
With no related allowance recorded	3,406		3,406		2,384
With an allowance recorded	933		933		1,681
Total recorded investment	4,339		4,339		4,065
Unpaid Principal Balance
With no related allowance recorded	3,466		3,466		2,434
With an allowance recorded	933		933		1,697
Total unpaid principal balance	4,399		4,399		4,131
Related Allowance
Total related allowance	15		15		234
Average recorded investment and interest income recognized [Abstract]
Average Recorded Investment	4,410	3,616	4,420	3,635
Interest Income Recognized	20	25	63	87
Real Estate | Real Estate Mortgage | Residential – Multifamily
Recorded Investment
With no related allowance recorded	0		0		308
With an allowance recorded	0		0		0
Total recorded investment	0		0		308
Unpaid Principal Balance
With no related allowance recorded	0		0		354
With an allowance recorded	0		0		0
Total unpaid principal balance	0		0		354
Related Allowance
Total related allowance	0		0		0
Average recorded investment and interest income recognized [Abstract]
Average Recorded Investment	0	308	0	324
Interest Income Recognized	0	0	0	8
Consumer
Recorded Investment
With no related allowance recorded	17		17		107
With an allowance recorded	0		0		0
Total recorded investment	17		17		107
Unpaid Principal Balance
With no related allowance recorded	17		17		107
With an allowance recorded	0		0		0
Total unpaid principal balance	17		17		107
Related Allowance
Total related allowance	0		0		$ 0
Average recorded investment and interest income recognized [Abstract]
Average Recorded Investment	17	37	18	37
Interest Income Recognized	$ 0	$ 1	$ 1	$ 2

LOANS - Troubled Debt Restructu

LOANS - Troubled Debt Restructuring (Details)	9 Months Ended
	Sep. 30, 2017USD ($)loanpayment	Sep. 30, 2016loan	Dec. 31, 2016USD ($)
Receivables [Abstract]
Period of current payment history	6 months
Debt coverage ratio	1.25
Number of projected future quarters under review	1 year
Number of consecutive payments to qualify for return to accrual status | payment	6
Performing TDRs	$ 21,200,000		$ 25,100,000
Allowances for performing TDRs	352,000		390,000
Nonperforming TDRs	416,000		749,000
Allowance for nonperforming TDRs	$ 0		$ 0
Number of loans modified as TDRs | loan	0	0
Subsequent default, number of contracts | loan	0	0

LOANS - Credit Quality Indicato

LOANS - Credit Quality Indicators (Details) - USD ($) $ in Thousands	Sep. 30, 2017	Dec. 31, 2016
Financing Receivable, Recorded Investment [Line Items]
Loans	$ 953,346	$ 851,953
Pass
Financing Receivable, Recorded Investment [Line Items]
Loans	931,339	812,493
OAEM
Financing Receivable, Recorded Investment [Line Items]
Loans	9,108	17,554
Substandard
Financing Receivable, Recorded Investment [Line Items]
Loans	12,899	21,906
Doubtful
Financing Receivable, Recorded Investment [Line Items]
Loans	0	0
Commercial
Financing Receivable, Recorded Investment [Line Items]
Loans	28,046	26,774
Commercial | Pass
Financing Receivable, Recorded Investment [Line Items]
Loans	27,943	26,515
Commercial | OAEM
Financing Receivable, Recorded Investment [Line Items]
Loans	103	121
Commercial | Substandard
Financing Receivable, Recorded Investment [Line Items]
Loans	0	138
Commercial | Doubtful
Financing Receivable, Recorded Investment [Line Items]
Loans	0	0
Consumer
Financing Receivable, Recorded Investment [Line Items]
Loans	16,016	16,720
Consumer | Pass
Financing Receivable, Recorded Investment [Line Items]
Loans	15,999	16,612
Consumer | OAEM
Financing Receivable, Recorded Investment [Line Items]
Loans	0	0
Consumer | Substandard
Financing Receivable, Recorded Investment [Line Items]
Loans	17	108
Consumer | Doubtful
Financing Receivable, Recorded Investment [Line Items]
Loans	0	0
Residential | Real Estate | Real Estate Construction
Financing Receivable, Recorded Investment [Line Items]
Loans	17,725	8,825
Residential | Real Estate | Pass | Real Estate Construction
Financing Receivable, Recorded Investment [Line Items]
Loans	17,725	8,825
Residential | Real Estate | OAEM | Real Estate Construction
Financing Receivable, Recorded Investment [Line Items]
Loans	0	0
Residential | Real Estate | Substandard | Real Estate Construction
Financing Receivable, Recorded Investment [Line Items]
Loans	0	0
Residential | Real Estate | Doubtful | Real Estate Construction
Financing Receivable, Recorded Investment [Line Items]
Loans	0	0
Commercial | Real Estate | Real Estate Construction
Financing Receivable, Recorded Investment [Line Items]
Loans	70,100	58,469
Commercial | Real Estate | Pass | Real Estate Construction
Financing Receivable, Recorded Investment [Line Items]
Loans	55,906	35,656
Commercial | Real Estate | OAEM | Real Estate Construction
Financing Receivable, Recorded Investment [Line Items]
Loans	5,756	12,516
Commercial | Real Estate | Substandard | Real Estate Construction
Financing Receivable, Recorded Investment [Line Items]
Loans	8,438	10,297
Commercial | Real Estate | Doubtful | Real Estate Construction
Financing Receivable, Recorded Investment [Line Items]
Loans	0	0
Commercial – Owner Occupied | Real Estate | Real Estate Mortgage
Financing Receivable, Recorded Investment [Line Items]
Loans	114,146	123,898
Commercial – Owner Occupied | Real Estate | Pass | Real Estate Mortgage
Financing Receivable, Recorded Investment [Line Items]
Loans	111,310	120,166
Commercial – Owner Occupied | Real Estate | OAEM | Real Estate Mortgage
Financing Receivable, Recorded Investment [Line Items]
Loans	2,679	3,302
Commercial – Owner Occupied | Real Estate | Substandard | Real Estate Mortgage
Financing Receivable, Recorded Investment [Line Items]
Loans	157	430
Commercial – Owner Occupied | Real Estate | Doubtful | Real Estate Mortgage
Financing Receivable, Recorded Investment [Line Items]
Loans	0	0
Commercial – Non-owner Occupied | Real Estate | Real Estate Mortgage
Financing Receivable, Recorded Investment [Line Items]
Loans	275,314	268,123
Commercial – Non-owner Occupied | Real Estate | Pass | Real Estate Mortgage
Financing Receivable, Recorded Investment [Line Items]
Loans	274,575	261,181
Commercial – Non-owner Occupied | Real Estate | OAEM | Real Estate Mortgage
Financing Receivable, Recorded Investment [Line Items]
Loans	0	79
Commercial – Non-owner Occupied | Real Estate | Substandard | Real Estate Mortgage
Financing Receivable, Recorded Investment [Line Items]
Loans	739	6,863
Commercial – Non-owner Occupied | Real Estate | Doubtful | Real Estate Mortgage
Financing Receivable, Recorded Investment [Line Items]
Loans	0	0
Residential – 1 to 4 Family | Real Estate | Real Estate Mortgage
Financing Receivable, Recorded Investment [Line Items]
Loans	381,467	309,340
Residential – 1 to 4 Family | Real Estate | Pass | Real Estate Mortgage
Financing Receivable, Recorded Investment [Line Items]
Loans	377,349	304,042
Residential – 1 to 4 Family | Real Estate | OAEM | Real Estate Mortgage
Financing Receivable, Recorded Investment [Line Items]
Loans	570	1,536
Residential – 1 to 4 Family | Real Estate | Substandard | Real Estate Mortgage
Financing Receivable, Recorded Investment [Line Items]
Loans	3,548	3,762
Residential – 1 to 4 Family | Real Estate | Doubtful | Real Estate Mortgage
Financing Receivable, Recorded Investment [Line Items]
Loans	0	0
Residential – Multifamily | Real Estate | Real Estate Mortgage
Financing Receivable, Recorded Investment [Line Items]
Loans	50,532	39,804
Residential – Multifamily | Real Estate | Pass | Real Estate Mortgage
Financing Receivable, Recorded Investment [Line Items]
Loans	50,532	39,496
Residential – Multifamily | Real Estate | OAEM | Real Estate Mortgage
Financing Receivable, Recorded Investment [Line Items]
Loans	0	0
Residential – Multifamily | Real Estate | Substandard | Real Estate Mortgage
Financing Receivable, Recorded Investment [Line Items]
Loans	0	308
Residential – Multifamily | Real Estate | Doubtful | Real Estate Mortgage
Financing Receivable, Recorded Investment [Line Items]
Loans	$ 0	$ 0

ALLOWANCE FOR LOAN LOSSES (Deta

ALLOWANCE FOR LOAN LOSSES (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2017	Sep. 30, 2016	Sep. 30, 2017	Sep. 30, 2016	Sep. 30, 2017	Dec. 31, 2016
Allowance for Loan Losses [Roll Forward]
Beginning Balance	$ 16,559	$ 14,165	$ 15,580	$ 16,136
Charge-offs	(1,358)	0	(2,041)	(2,054)
Recoveries	140	9	302	30
Provisions (Credits)	500	700	2,000	762
Ending Balance	15,841	14,874	15,841	14,874
Allowances for loan losses, Individually evaluated for impairment					$ 402	$ 1,251
Allowances for loan losses, Collectively evaluated for impairment					15,439	14,329
Allowance for loan losses	16,559	14,165	15,580	16,136	15,841	15,580
Loans, Individually evaluated for impairment					26,924	36,405
Loans, Collectively evaluated for impairment					926,422	815,548
Total Loans					953,346	851,953
Commercial
Allowance for Loan Losses [Roll Forward]
Beginning Balance	1,202	870	1,188	952
Charge-offs	0	0	(134)	(76)
Recoveries	3	7	45	8
Provisions (Credits)	(549)	24	(443)	17
Ending Balance	656	901	656	901
Allowances for loan losses, Individually evaluated for impairment					0	138
Allowances for loan losses, Collectively evaluated for impairment					656	1,050
Allowance for loan losses	1,202	870	1,188	952	656	1,188
Loans, Individually evaluated for impairment					18	159
Loans, Collectively evaluated for impairment					28,028	26,615
Total Loans					28,046	26,774
Real Estate | Real Estate Construction | Residential
Allowance for Loan Losses [Roll Forward]
Beginning Balance	264	252	268	247
Charge-offs	0	0	0	0
Recoveries	0	0	0	0
Provisions (Credits)	(16)	27	(20)	32
Ending Balance	248	279	248	279
Allowances for loan losses, Individually evaluated for impairment					0	0
Allowances for loan losses, Collectively evaluated for impairment					248	268
Allowance for loan losses	264	252	268	247	248	268
Loans, Individually evaluated for impairment					0	0
Loans, Collectively evaluated for impairment					17,725	8,825
Total Loans					17,725	8,825
Real Estate | Real Estate Construction | Commercial
Allowance for Loan Losses [Roll Forward]
Beginning Balance	1,994	2,512	2,496	2,501
Charge-offs	(687)	0	(687)	(1,081)
Recoveries	0	0	0	0
Provisions (Credits)	470	53	(32)	1,145
Ending Balance	1,777	2,565	1,777	2,565
Allowances for loan losses, Individually evaluated for impairment					124	155
Allowances for loan losses, Collectively evaluated for impairment					1,653	2,341
Allowance for loan losses	1,994	2,512	2,496	2,501	1,777	2,496
Loans, Individually evaluated for impairment					6,146	8,386
Loans, Collectively evaluated for impairment					63,954	50,083
Total Loans					70,100	58,469
Real Estate | Real Estate Mortgage | Commercial – Owner Occupied
Allowance for Loan Losses [Roll Forward]
Beginning Balance	1,835	1,686	2,082	3,267
Charge-offs	0	0	(430)	0
Recoveries	25	0	94	0
Provisions (Credits)	(33)	319	81	(1,262)
Ending Balance	1,827	2,005	1,827	2,005
Allowances for loan losses, Individually evaluated for impairment					55	498
Allowances for loan losses, Collectively evaluated for impairment					1,772	1,584
Allowance for loan losses	1,835	1,686	2,082	3,267	1,827	2,082
Loans, Individually evaluated for impairment					3,881	4,380
Loans, Collectively evaluated for impairment					110,265	119,518
Total Loans					114,146	123,898
Real Estate | Real Estate Mortgage | Commercial – Non-owner Occupied
Allowance for Loan Losses [Roll Forward]
Beginning Balance	4,915	3,923	3,889	3,838
Charge-offs	(621)	0	(622)	(154)
Recoveries	102	0	148	0
Provisions (Credits)	225	(78)	1,206	161
Ending Balance	4,621	3,845	4,621	3,845
Allowances for loan losses, Individually evaluated for impairment					208	226
Allowances for loan losses, Collectively evaluated for impairment					4,413	3,663
Allowance for loan losses	4,915	3,923	3,889	3,838	4,621	3,889
Loans, Individually evaluated for impairment					12,523	19,000
Loans, Collectively evaluated for impairment					262,791	249,123
Total Loans					275,314	268,123
Real Estate | Real Estate Mortgage | Residential – 1 to 4 Family
Allowance for Loan Losses [Roll Forward]
Beginning Balance	5,422	4,222	4,916	4,802
Charge-offs	0	0	(118)	(698)
Recoveries	10	2	15	22
Provisions (Credits)	386	355	1,005	453
Ending Balance	5,818	4,579	5,818	4,579
Allowances for loan losses, Individually evaluated for impairment					15	234
Allowances for loan losses, Collectively evaluated for impairment					5,803	4,682
Allowance for loan losses	5,422	4,222	4,916	4,802	5,818	4,916
Loans, Individually evaluated for impairment					4,339	4,065
Loans, Collectively evaluated for impairment					377,128	305,275
Total Loans					381,467	309,340
Real Estate | Real Estate Mortgage | Residential – Multifamily
Allowance for Loan Losses [Roll Forward]
Beginning Balance	699	452	505	254
Charge-offs	(50)	0	(50)	(45)
Recoveries	0	0	0	0
Provisions (Credits)	18	10	212	253
Ending Balance	667	462	667	462
Allowances for loan losses, Individually evaluated for impairment					0	0
Allowances for loan losses, Collectively evaluated for impairment					667	505
Allowance for loan losses	699	452	505	254	667	505
Loans, Individually evaluated for impairment						308
Loans, Collectively evaluated for impairment					50,532	39,496
Total Loans					50,532	39,804
Consumer
Allowance for Loan Losses [Roll Forward]
Beginning Balance	228	248	236	275
Charge-offs	0	0	0	0
Recoveries	0	0	0	0
Provisions (Credits)	(1)	(10)	(9)	(37)
Ending Balance	227	238	227	238
Allowances for loan losses, Individually evaluated for impairment					0	0
Allowances for loan losses, Collectively evaluated for impairment					227	236
Allowance for loan losses	$ 228	$ 248	$ 236	$ 275	227	236
Loans, Individually evaluated for impairment					17	107
Loans, Collectively evaluated for impairment					15,999	16,613
Total Loans					$ 16,016	$ 16,720

REGULATORY MATTERS (Details)

REGULATORY MATTERS (Details) - USD ($) $ in Thousands	Sep. 30, 2017	Dec. 31, 2016
Parke Bancorp, Inc.
Total Risk Based Capital (to Risk Weighted Assets) [Abstract]
Actual, Amount	$ 162,986	$ 154,018
For Capital Adequacy Purposes, Amount	73,620	67,219
Capital Required For Capital Adequacy With Capital Conservation Buffer	85,123	72,470
To be Well-Capitalized Under Prompt Corrective Action Provisions, Amount	92,025	84,024
Tier 1 Capital (to Risk Weighted Assets) [Abstract]
Actual, Amount	151,429	143,453
For Capital Adequacy Purposes, Amount	55,215	50,414
Tier One Risk Based Capital Required For Capital Adequacy With Capital Conservation Buffer	66,718	55,666
To be Well-Capitalized Under Prompt Corrective Action Provisions, Amount	$ 73,620	$ 67,219
Total Risk Based Capital and Tier 1 Capital (to Risk Weighted Assets) [Abstract]
Total Risk Based Capital, Actual, Ratio	17.71%	18.33%
Total Risk Based Capital, For Capital Adequacy Purposes, Ratio	8.00%	8.00%
Capital Required For Capital Adequacy With Capital Conservation Buffer To Risk Weighted Assets	9.25%	8.625%
Total Risk Based Capital, To be Well-Capitalized Under Prompt Corrective Action Provisions, Ratio	10.00%	10.00%
Tier 1 Capital, Actual, Ratio	16.46%	17.07%
Tier 1 Capital, For Capital Adequacy Purposes, Ratio	6.00%	6.00%
Tier One Risk Based Capital Required For Capital Adequacy With Capital Conservation Buffer To Risk Weighted Assets	7.25%	6.625%
Tier 1 Capital, To be Well-Capitalized Under Prompt Corrective Action Provisions, Ratio	8.00%	8.00%
Tier 1 Capital Common Equity , Actual, Ratio	12.98%	13.15%
Tier 1 Capital Common Equity, For Capital Adequacy Purposes, Ratio	4.50%	4.50%
Common Equity Tier One Capital Required For Capital Adequacy With Capital Conservation Buffer To Risk Weighted Assets	5.75%	5.125%
Tier 1 Capital Common Equity , To be Well-Capitalized Under Prompt Corrective Action Provisions, Ratio	6.50%	6.50%
Tier 1 Capital (to Average Assets) [Abstract]
Actual, Amount	$ 151,426	$ 143,453
For Capital Adequacy Purposes, Amount	41,319	37,618
Tier One Leverage Capital Required For Capital Adequacy With Capital Conservation Buffer	41,319	37,618
To be Well-Capitalized Under Prompt Corrective Action Provisions, Amount	$ 51,648	$ 47,023
Tier 1 Capital (to Average Assets) [Abstract]
Actual, Ratio	14.66%	15.25%
For Capital Adequacy Purposes, Ratio	4.00%	4.00%
Tier One Leverage Capital Required For Capital Adequacy With Capital Conservation Buffer To Average Assets	4.00%	4.00%
To be Well-Capitalized Under Prompt Corrective Action Provisions, Ratio	5.00%	5.00%
Tier One Common Equity Risk Based Capital [Abstract]
Actual, Amount	$ 119,434	$ 110,453
For Capital Adequacy Purposes, Amount	41,411	37,811
Common Equity Tier One Capital Required For Capital Adequacy With Capital Conservation Buffer	52,914	43,062
To be Well-Capitalized Under Prompt Corrective Action Provisions, Amount	59,816	54,615
Parke Bank
Total Risk Based Capital (to Risk Weighted Assets) [Abstract]
Actual, Amount	159,604	150,636
For Capital Adequacy Purposes, Amount	73,619	67,218
Capital Required For Capital Adequacy With Capital Conservation Buffer	85,122	72,470
To be Well-Capitalized Under Prompt Corrective Action Provisions, Amount	92,024	84,023
Tier 1 Capital (to Risk Weighted Assets) [Abstract]
Actual, Amount	148,047	140,070
For Capital Adequacy Purposes, Amount	55,215	50,414
Tier One Risk Based Capital Required For Capital Adequacy With Capital Conservation Buffer	66,718	55,665
To be Well-Capitalized Under Prompt Corrective Action Provisions, Amount	$ 73,619	$ 67,218
Total Risk Based Capital and Tier 1 Capital (to Risk Weighted Assets) [Abstract]
Total Risk Based Capital, Actual, Ratio	17.34%	17.93%
Total Risk Based Capital, For Capital Adequacy Purposes, Ratio	8.00%	8.00%
Capital Required For Capital Adequacy With Capital Conservation Buffer To Risk Weighted Assets	9.25%	8.625%
Total Risk Based Capital, To be Well-Capitalized Under Prompt Corrective Action Provisions, Ratio	10.00%	10.00%
Tier 1 Capital, Actual, Ratio	16.09%	16.67%
Tier 1 Capital, For Capital Adequacy Purposes, Ratio	6.00%	6.00%
Tier One Risk Based Capital Required For Capital Adequacy With Capital Conservation Buffer To Risk Weighted Assets	7.25%	6.625%
Tier 1 Capital, To be Well-Capitalized Under Prompt Corrective Action Provisions, Ratio	8.00%	8.00%
Tier 1 Capital Common Equity , Actual, Ratio	16.09%	16.67%
Tier 1 Capital Common Equity, For Capital Adequacy Purposes, Ratio	4.50%	4.50%
Common Equity Tier One Capital Required For Capital Adequacy With Capital Conservation Buffer To Risk Weighted Assets	5.75%	5.125%
Tier 1 Capital Common Equity , To be Well-Capitalized Under Prompt Corrective Action Provisions, Ratio	6.50%	6.50%
Tier 1 Capital (to Average Assets) [Abstract]
Actual, Amount	$ 148,047	$ 140,070
For Capital Adequacy Purposes, Amount	41,319	36,654
Tier One Leverage Capital Required For Capital Adequacy With Capital Conservation Buffer	41,319	36,654
To be Well-Capitalized Under Prompt Corrective Action Provisions, Amount	$ 51,648	$ 45,818
Tier 1 Capital (to Average Assets) [Abstract]
Actual, Ratio	14.33%	15.29%
For Capital Adequacy Purposes, Ratio	4.00%	4.00%
Tier One Leverage Capital Required For Capital Adequacy With Capital Conservation Buffer To Average Assets	4.00%	4.00%
To be Well-Capitalized Under Prompt Corrective Action Provisions, Ratio	5.00%	5.00%
Tier One Common Equity Risk Based Capital [Abstract]
Actual, Amount	$ 148,047	$ 140,070
For Capital Adequacy Purposes, Amount	41,411	37,810
Common Equity Tier One Capital Required For Capital Adequacy With Capital Conservation Buffer	52,914	43,062
To be Well-Capitalized Under Prompt Corrective Action Provisions, Amount	$ 59,816	$ 54,615

OTHER COMPREHENSIVE LOSS (Detai

OTHER COMPREHENSIVE LOSS (Details) - USD ($) $ in Thousands	Sep. 30, 2017	Dec. 31, 2016
Securities:
Tax impact	$ 95	$ 233
Other comprehensive loss	135,271	127,090
Non-credit unrealized losses on securities with OTTI
Securities:
Unrealized gains on securities without OTTI	(287)	(309)
Unrealized gains on securities without OTTI
Securities:
Unrealized gains on securities without OTTI	49	(273)
Total
Securities:
Other comprehensive loss	$ (143)	$ (349)

FAIR VALUE (Details)

FAIR VALUE (Details) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2017	Sep. 30, 2016	Dec. 31, 2016
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Severity of the losses on securities (in hundredths)	95.00%
Trust preferred securities maturity period	5 years
Assets and liabilities measured at fair value on a recurring basis [Abstract]
Total available for sale	$ 40,241		$ 44,854
Financial Assets:
Investment securities AFS	40,241		44,854
Investment securities HTM	2,462		2,411
Changes in Level 3 assets measured at fair value on a recurring basis [Abstract]
Beginning balance	437	$ 462
Total net losses included in:
Settlements	(19)	(21)
Ending balance	418	$ 441
Level 1 | Reported Value Measurement
Assets and liabilities measured at fair value on a recurring basis [Abstract]
Total available for sale	40,241		44,854
Financial Assets:
Cash and cash equivalents	55,397		70,720
Investment securities AFS	40,241		44,854
Level 1 | Estimate of Fair Value Measurement
Assets and liabilities measured at fair value on a recurring basis [Abstract]
Total available for sale	40,241		44,854
Financial Assets:
Cash and cash equivalents	55,397		70,720
Investment securities AFS	40,241		44,854
Level 2 | Reported Value Measurement
Financial Assets:
Investment securities HTM	2,257		2,224
Restricted stock	5,497		4,658
Loans held for sale	1,350		0
Loans, net	937,505		836,373
Accrued interest receivable	3,636		3,117
Financial Liabilities:
Demand and savings deposits	473,905		446,027
Time deposits	369,646		342,668
Borrowings	113,053		93,053
Accrued interest payable	769		655
Level 2 | Estimate of Fair Value Measurement
Financial Assets:
Investment securities HTM	2,462		2,411
Restricted stock	5,497		4,658
Loans held for sale	1,350		0
Loans, net	949,988		844,290
Accrued interest receivable	3,636		3,117
Financial Liabilities:
Demand and savings deposits	473,905		446,027
Time deposits	370,791		344,300
Borrowings	112,559		90,362
Accrued interest payable	$ 769		655
Minimum
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Trust preferred securities expected to prepay (in hundredths)	1.00%
Trust preferred securities expected to default (in hundredths)	0.57%
Fair value on a non-recurring basis [Abstract]
Underlying collateral less cost to sell percentage (in hundredths)	5.00%
Minimum | 3-Month LIBOR
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Variable basis point of discounted cash flow hedging (in hundredths)	4.00%
Maximum
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Trust preferred securities expected to prepay (in hundredths)	2.00%
Trust preferred securities expected to default (in hundredths)	0.66%
Fair value on a non-recurring basis [Abstract]
Underlying collateral less cost to sell percentage (in hundredths)	10.00%
Maximum | 3-Month LIBOR
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Variable basis point of discounted cash flow hedging (in hundredths)	9.59%
Recurring
Assets and liabilities measured at fair value on a recurring basis [Abstract]
Corporate debt obligations	$ 1,031		1,011
Residential mortgage-backed securities	38,678		43,240
Collateralized mortgage-backed securities	114		166
Collateralized debt obligations	418		437
Total available for sale	40,241		44,854
Financial Assets:
Investment securities AFS	40,241		44,854
Recurring | Level 1
Assets and liabilities measured at fair value on a recurring basis [Abstract]
Corporate debt obligations	0		0
Residential mortgage-backed securities	0		0
Collateralized mortgage-backed securities	0		0
Collateralized debt obligations	0		0
Total available for sale	0		0
Financial Assets:
Investment securities AFS	0		0
Recurring | Level 2
Assets and liabilities measured at fair value on a recurring basis [Abstract]
Corporate debt obligations	1,031		1,011
Residential mortgage-backed securities	38,678		43,240
Collateralized mortgage-backed securities	114		166
Collateralized debt obligations	0		0
Total available for sale	39,823		44,417
Financial Assets:
Investment securities AFS	39,823		44,417
Recurring | Level 3
Assets and liabilities measured at fair value on a recurring basis [Abstract]
Corporate debt obligations	0		0
Residential mortgage-backed securities	0		0
Collateralized mortgage-backed securities	0		0
Collateralized debt obligations	418		437
Total available for sale	418		437
Financial Assets:
Investment securities AFS	418		437
Nonrecurring
Fair value on a non-recurring basis [Abstract]
Collateral-dependent impaired loans	10,341		16,070
OREO	7,487		10,528
Valuation allowance	402		931
Nonrecurring | Level 1
Fair value on a non-recurring basis [Abstract]
Collateral-dependent impaired loans	0		0
OREO	0		0
Nonrecurring | Level 2
Fair value on a non-recurring basis [Abstract]
Collateral-dependent impaired loans	0		0
OREO	0		0
Nonrecurring | Level 3
Fair value on a non-recurring basis [Abstract]
Collateral-dependent impaired loans	10,341		16,070
OREO	$ 7,487		$ 10,528

EARNINGS PER SHARE ("EPS") (Det

EARNINGS PER SHARE ("EPS") (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2017	Sep. 30, 2016	Sep. 30, 2017	Sep. 30, 2016	Sep. 19, 2017
Basic earnings per common share
Net income available to common shareholders	$ 3,864	$ 3,576	$ 10,427	$ 14,233
Average common shares outstanding (in shares)	7,652,449	7,527,365	7,598,444	7,496,039
Basic earnings per common share (in dollars per share)	$ 0.50	$ 0.48	$ 1.37	$ 1.90
Diluted earnings per common share
Net income available to common shareholders	$ 3,864	$ 3,576	$ 10,427	$ 14,233
Dividend on Series B Preferred Stock	$ 297	$ 300	$ 893	$ 900
Average common shares outstanding (in shares)	7,652,449	7,527,365	7,598,444	7,496,039
Dilutive potential common shares (in shares)	2,246,811	2,321,667	2,245,429	2,311,827
Total diluted average common shares outstanding (in shares)	9,899,260	9,849,032	9,843,873	9,807,866
Diluted earnings per common share (in dollars per share)	$ 0.42	$ 0.39	$ 1.15	$ 1.54
Common stock, dividend rate, percentage			10.00%
Quarterly dividend declared (in dollars per share)					$ 0.12