Parke Bancorp (PKBK) 10-Q 10 May 18 2018 Q1 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	3 Months Ended
	Mar. 31, 2018	May 10, 2018
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	Accelerated Filer
Entity Common Stock, Shares Outstanding		8,024,402
Document Fiscal Year Focus	2,018
Document Fiscal Period Focus	Q1
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Mar. 31, 2018

Consolidated Balance Sheets (un

Consolidated Balance Sheets (unaudited) - USD ($) $ in Thousands	Mar. 31, 2018	Dec. 31, 2017
Assets
Cash and due from financial institutions	$ 5,432	$ 14,452
Federal funds sold and cash equivalents	41,273	27,661
Total cash and cash equivalents	46,705	42,113
Investment securities available for sale, at fair value	35,905	37,991
Investment securities held to maturity (fair value of $1,252 at March 31, 2018 and $2,468 at December 31, 2017)	1,074	2,268
Total investment securities	36,979	40,259
Loans held for sale	1,703	1,541
Loans, net of unearned income	1,041,940	1,011,717
Less: Allowance for loan losses	(17,081)	(16,533)
Net loans	1,024,859	995,184
Accrued interest receivable	4,139	4,025
Premises and equipment, net	7,008	7,025
Other real estate owned (OREO)	6,838	7,248
Restricted stock, at cost	5,722	6,172
Bank owned life insurance (BOLI)	25,346	25,196
Deferred tax asset	6,577	6,420
Other assets	1,113	2,269
Total Assets	1,166,989	1,137,452
Deposits
Noninterest-bearing deposits	125,571	124,356
Interest-bearing deposits	776,633	742,027
Total deposits	902,204	866,383
FHLBNY borrowings	104,650	114,650
Subordinated debentures	13,403	13,403
Accrued interest payable	731	719
Other liabilities	7,090	7,517
Total liabilities	1,028,078	1,002,672
Equity
Preferred stock, 1,000,000 shares authorized, $1,000 liquidation value Series B - non-cumulative convertible; 15,946 shares outstanding March 31, 2018 and 15,971 shares outstanding December 31, 2017	15,946	15,971
Common stock, $0.10 par value; authorized 15,000,000 shares; Issued: 8,308,924 shares at March 31, 2018 and 8,301,497 at December 31, 2017	831	830
Additional paid-in capital	82,029	81,940
Retained earnings	43,743	39,184
Accumulated other comprehensive loss	(623)	(130)
Treasury stock, 284,522 shares at March 31, 2018 and 284,522 shares at December 31, 2017, at cost	(3,015)	(3,015)
Total shareholders’ equity	138,911	134,780
Other comprehensive loss	138,911	134,780
Total liabilities and equity	$ 1,166,989	$ 1,137,452

Consolidated Balance Sheets (u3

Consolidated Balance Sheets (unaudited) (Parenthetical) - USD ($) $ in Thousands	Mar. 31, 2018	Dec. 31, 2017
Assets
Investment securities held to maturity, fair value	$ 1,252	$ 2,468
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)	15,946	15,971
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)	8,308,924	8,301,497
Treasury stock, shares (in shares)	284,522	284,522

Consolidated Statements of Inco

Consolidated Statements of Income (unaudited) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2018	Mar. 31, 2017
Interest income:
Interest and fees on loans	$ 13,013	$ 10,651
Interest and dividends on investments	349	374
Interest on federal funds sold and cash equivalents	143	72
Total interest income	13,505	11,097
Interest expense:
Interest on deposits	1,953	1,466
Interest on borrowings	531	375
Total interest expense	2,484	1,841
Net interest income	11,021	9,256
Provision for loan losses	400	500
Net interest income after provision for loan losses	10,621	8,756
Noninterest income:
Gain on sale of SBA loans	178	0
Loan fees	151	66
Gain on Bank Owned Life Insurance	150	160
Service fees on deposit accounts	286	88
Loss on sale and write-down of real estate owned	0	(6)
Other	104	87
Total noninterest income	869	395
Noninterest expense:
Compensation and benefits	1,954	1,901
Professional services	374	365
Occupancy and equipment	421	343
Data processing	197	181
FDIC insurance	77	70
OREO expense	169	157
Other operating expense	703	672
Total noninterest expense	3,895	3,689
Income before income tax expense	7,595	5,462
Income tax expense	1,835	2,004
Net income attributable to Company and noncontrolling interest	5,760	3,458
Net income (loss) attributable to noncontrolling interest	0	1
Net income attributable to Company	5,760	3,459
Preferred stock dividend and discount accretion	239	299
Net income available to common shareholders	$ 5,521	$ 3,160
Earnings per common share:
Basic (in dollars per share)	$ 0.69	$ 0.42
Diluted (in dollars per share)	$ 0.58	$ 0.35
Weighted average shares outstanding:
Basic (in shares)	8,020,232	7,564,607
Diluted (in shares)	9,916,498	9,901,919

Consolidated Statements of Inc5

Consolidated Statements of Income (unaudited) (Parenthetical)	3 Months Ended
	Mar. 31, 2018
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
	Mar. 31, 2018	Mar. 31, 2017
Statement of Comprehensive Income [Abstract]
Net income	$ 5,760	$ 3,459
Unrealized gains on securities:
Non-credit related unrealized gains on securities with OTTI	0	10
Unrealized (losses) gains on securities without OTTI	(650)	67
Tax impact	157	(31)
Total unrealized (losses) gains on securities	(493)	46
Total comprehensive income	$ 5,267	$ 3,505

Consolidated Statements of Equi

Consolidated Statements of Equity (unaudited) - 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	Minority 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]
Stock options exercised (shares)			24,033,000
Common stock options exercised	163			163				163
Preferred stock options conversion (in shares)			1,001,000
Preferred stock shares conversion	(89)	(97)	$ 1	7				(89)
Net income	3,458				3,459			3,459	(1)
Other comprehensive income	46					46		46
Stock compensation	18			18				18
Dividend on preferred stock	(299)				(299)			(299)
Dividend on common stock ($0.12 per share)	(688)				(688)			(688)
Balance at Mar. 31, 2017	129,699	19,903	$ 716	62,488	49,955	(303)	(3,015)	129,744	(45)
Balance (in shares) at Mar. 31, 2017			7,172,986
Balance at Dec. 31, 2017	134,780	15,971	$ 830	81,940	39,184	(130)	(3,015)	134,780
Balance (in shares) at Dec. 31, 2017			8,301,497
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Stock options exercised (shares)			4,586
Common stock options exercised	47		$ 1	46				47
Preferred stock options conversion (in shares)			2,841
Preferred stock shares conversion	0	(25)		25				0
Net income	5,760				5,760			5,760
Other comprehensive income	(493)					(493)		(493)
Stock compensation	18			18				18
Dividend on preferred stock	(239)				(239)			(239)
Dividend on common stock ($0.12 per share)	(962)				(962)			(962)
Balance at Mar. 31, 2018	$ 138,911	$ 15,946	$ 831	$ 82,029	$ 43,743	$ (623)	$ (3,015)	$ 138,911	$ 0
Balance (in shares) at Mar. 31, 2018			8,308,924

Consolidated Statements of Equ8

Consolidated Statements of Equity (unaudited) (Parenthetical)	3 Months Ended
	Mar. 31, 2018$ / shares
Statement of Stockholders' Equity [Abstract]
Common stock, dividend rate, percentage	10.00%
Dividend on common stock (in dollars per share)	$ 0.12
Preferred stock, par value (in dollars per share)	$ 1,000

Consolidated Statements of Cash

Consolidated Statements of Cash Flows (unaudited) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2018	Mar. 31, 2017
Cash Flows from Operating Activities:
Net income	$ 5,760	$ 3,458
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	91	69
Provision for loan losses	400	500
Gain on bank owned life insurance	(150)	(160)
Gain on sale of SBA loans	(178)	0
SBA loans originated for sale	(2,548)	(1,542)
Proceeds from sale of SBA loans originated for sale	2,564	0
Loss on sale & write down of OREO	0	6
Net accretion of purchase premiums and discounts on securities	13	17
Deferred income tax benefit	0	307
Changes in operating assets and liabilities:
Decrease in accrued interest receivable and other assets	1,042	1,058
Decrease in accrued interest payable and other accrued liabilities	(415)	(758)
Net cash provided by operating activities	6,579	2,955
Cash Flows from Investing Activities:
Redemptions of restricted stock	450	0
Proceeds from maturities and principal payments on mortgage-backed securities	1,412	1,597
Donated OREO property	0	(30)
Advances on OREO	(79)	(103)
Proceeds from sale and call of securities available for sale	1,205	0
Proceeds from sale of OREO	779	885
Net increase in loans	(30,365)	(33,800)
Purchases of bank premises and equipment	(74)	(48)
Net cash used in investing activities	(26,672)	(31,499)
Cash Flows from Financing Activities:
Payment of dividend on common & preferred stock	(1,201)	(987)
Proceeds from exercise of stock options	47	171
Stock compensation	18	18
Net decrease in FHLBNY and short-term borrowings	(10,000)	0
Net increase (decrease) in noninterest-bearing deposits	1,215	(30,695)
Net increase in interest-bearing deposits	34,606	29,047
Net cash provided by (used in) financing activities	24,685	(2,446)
Net increase (decrease) in cash and cash equivalents	4,592	(30,990)
Cash and Cash Equivalents, January 1,	42,113	70,720
Cash and Cash Equivalents, March 31,	46,705	39,730
Cash paid during the year for:
Interest on deposits and borrowed funds	2,472	1,875
Income taxes	0	2,004
Supplemental Schedule of Noncash Activities:
Real estate acquired in settlement of loans	290	59
Dividends accrued during the period	$ 1,201	$ 985

ORGANIZATION

ORGANIZATION	3 Months Ended
	Mar. 31, 2018
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	3 Months Ended
	Mar. 31, 2018
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. 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, 2017 . The accompanying interim financial statements for the three months ended March 31, 2018 and 2017 are unaudited. The balance sheet as of December 31, 2017 , 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 three months ended March 31, 2018 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 other real estate owned ("OREO"). Recently Issued Accounting Pronouncements: In February 2018, the Financial Accounting Standards Board ("FASB") issued Accounting Standards Update ("ASU") 2018-02, Income Statement - Reporting Comprehensive Income (Topic 220): Reclassification of Certain Tax Effects from Accumulated Other Comprehensive Income. The amendment in this update allows a reclassification from accumulated other comprehensive income to retained earnings for stranded tax effects resulting from the December 22, 2017, enactment of the reduced federal corporate income tax rate, which is effective in 2018. For public companies, the update is effective for annual periods beginning after December 15, 2018, with early adoption permitted. The amendment can be adopted at the beginning of the period or on a retrospective basis. The Company is in the process of evaluating this ASU and doesn't expect that the adoption of this standard will have any material impact on the company's consolidated financial statements. During August 2016, the FASB issued 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, 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 does not have a material effect on the consolidated financial statements. During June 2016, the FASB issued 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 ASU 2016-01, Financial Instruments-Overall: Recognition and Measurement of Financial Assets and Financial Liabilities . This 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. The Company adopted the guidance effective January 1, 2018, using the modified retrospective method. Upon adoption, the Company is no longer required to disclose the methodologies used for estimating fair value of financial assets and liabilities that are not measured at fair value on a recurring or nonrecurring basis. The remaining requirements of this update did not have a material impact on the Company consolidated financial statements. On February 25, 2016, the FASB issued ASU 2016-02, Leases (Topic 842) . ASU 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 resulting change from this ASU should not have a major impact on the Company's financial statements. In May 2014, the FASB issued ASU 2014-09, Revenue from Contracts with Customers . ASU 2014-09 (Topic 606) supersedes the revenue recognition requirements in Accounting Standards Codification, Topic 605. The amendment requires a contract-based approach revenue model. For public companies, this update was effective for interim and annual reporting periods beginning after December 15, 2017. The Company adopted the guidance effective January 1, 2018, using the modified retrospective method. The Company’s revenue is primarily composed of interest income on financial instruments, including investment securities and loans, which are excluded from the scope of this update. Also excluded from the scope of the update is revenue from bank-owned life insurance, loan fees, and letter of credit fees. Deposit account related fees are within the scope of the guidance; however, revenue recognition practices did not change under the guidance, as deposits agreements are considered day to day contracts. Deposits account transaction related fees will continue to be recognized as the services are performed. Implementation of this guidance did not change current business practices. Implementation of this guidance did not have a material impact on the Company’s consolidated financial statements.

INVESTMENT SECURITIES

INVESTMENT SECURITIES	3 Months Ended
	Mar. 31, 2018
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 March 31, 2018 and December 31, 2017 : As of March 31, 2018 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 $ 27 $ — $ — $ 1,027 Residential mortgage-backed securities 35,680 23 909 — 34,794 Collateralized mortgage obligations 82 2 — — 84 Total available for sale $ 36,762 $ 52 $ 909 $ — $ 35,905 Held to maturity: States and political subdivisions $ 1,074 $ 178 $ — $ — $ 1,252 As of December 31, 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 $ 33 $ — $ — $ 1,033 Residential mortgage-backed securities 37,105 194 436 — 36,863 Collateralized mortgage obligations 93 2 — — 95 Total available for sale $ 38,198 $ 229 $ 436 $ — $ 37,991 Held to maturity: States and political subdivisions $ 2,268 $ 200 $ — $ — $ 2,468 The amortized cost and fair value of debt securities classified as available for sale and held to maturity, by contractual maturity as of March 31, 2018 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 500 527 Residential mortgage-backed securities and collateralized mortgage obligations 35,762 34,878 Total available for sale $ 36,762 $ 35,905 Held to maturity: Due within one year $ — $ — Due after one year through five years — — Due after five years through ten years 1,074 1,252 Due after ten years — — Total held to maturity $ 1,074 $ 1,252 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. For the quarter ended March 31, 2018 , the Bank used a line of credit of $40.0 million as collateral to secure public deposits as compared to $32.5 million of securities available for sale pledged to secure public deposits at December 31, 2017 . 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 March 31, 2018 and December 31, 2017 : As of March 31, 2018 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 $ 11,575 $ 247 $ 14,186 $ 662 $ 25,761 $ 909 Total available for sale $ 11,575 $ 247 $ 14,186 $ 662 $ 25,761 $ 909 As of December 31, 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 $ 2,729 $ 16 $ 15,117 $ 420 $ 17,846 $ 436 Total available for sale $ 2,729 $ 16 $ 15,117 $ 420 $ 17,846 $ 436 The unrealized losses on the Company’s investment in residential mortgage-backed securities relate to 12 securities at March 31, 2018 versus 10 securities at December 31, 2017 . The losses were caused by movement in interest rates. The 12 securities were issued or guaranteed by government and 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 March 31, 2018 . 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 Company did not sell any securities during the three months ended March 31, 2018 .

LOANS

LOANS	3 Months Ended
	Mar. 31, 2018
Receivables [Abstract]
LOANS	LOANS The portfolio of loans outstanding consists of the following: March 31, 2018 December 31, 2017 Amount Percentage of Total Loans Amount Percentage of Total Loans (amounts in thousands) Commercial and Industrial $ 30,200 2.9 % $ 38,972 4.0 % Real Estate Construction: Residential 31,190 3.0 28,486 2.8 Commercial 71,166 6.8 67,139 6.6 Real Estate Mortgage: Commercial – Owner Occupied 127,778 12.3 126,250 12.5 Commercial – Non-owner Occupied 273,289 26.2 270,472 26.7 Residential – 1 to 4 Family 442,805 42.5 416,317 41.1 Residential – Multifamily 49,612 4.8 47,832 4.7 Consumer 15,900 1.5 16,249 1.6 Total Loans $ 1,041,940 100.0 % $ 1,011,717 100.0 % 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 analyses of absorption and lease rates and financial analyses 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 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 March 31, 2018 and December 31, 2017 follows: March 31, 2018 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 $ — $ — $ 16 $ 16 $ 30,184 $ 30,200 Real Estate Construction: Residential — — — — 31,190 31,190 Commercial — — 1,392 1,392 69,774 71,166 Real Estate Mortgage: Commercial – Owner Occupied — — 152 152 127,626 127,778 Commercial – Non-owner Occupied — — 326 326 272,963 273,289 Residential – 1 to 4 Family 463 62 2,285 2,810 439,995 442,805 Residential – Multifamily — — — — 49,612 49,612 Consumer — — — — 15,900 15,900 Total Loans $ 463 $ 62 $ 4,171 $ 4,696 $ 1,037,244 $ 1,041,940 December 31, 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 $ — $ — $ 17 $ 17 $ 38,955 $ 38,972 Real Estate Construction: Residential — — — — 28,486 28,486 Commercial — — 1,392 1,392 65,747 67,139 Real Estate Mortgage: Commercial – Owner Occupied — — 155 155 126,095 126,250 Commercial – Non-owner Occupied — — 597 597 269,875 270,472 Residential – 1 to 4 Family — 352 2,292 2,644 413,673 416,317 Residential – Multifamily — — — — 47,832 47,832 Consumer 92 — 81 173 16,076 16,249 Total Loans $ 92 $ 352 $ 4,534 $ 4,978 $ 1,006,739 $ 1,011,717 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 March 31, 2018 and December 31, 2017 are set forth in the following tables: March 31, 2018 Recorded Investment Unpaid Principal Balance Related Allowance (amounts in thousands) With no related allowance recorded: Commercial and Industrial $ — $ — $ — Real Estate Construction: Residential — — — Commercial 1,366 5,855 — Real Estate Mortgage: Commercial – Owner Occupied 152 152 — Commercial – Non-owner Occupied 277 277 — Residential – 1 to 4 Family 2,285 2,326 — Residential – Multifamily — — — Consumer — — — 4,080 8,610 — With an allowance recorded: Commercial and Industrial 16 20 16 Real Estate Construction: Residential — — — Commercial 4,531 4,629 132 Real Estate Mortgage: Commercial – Owner Occupied 3,547 3,577 55 Commercial – Non-owner Occupied 11,727 11,727 248 Residential – 1 to 4 Family 904 905 15 Residential – Multifamily — — — Consumer — — — 20,725 20,858 466 Total: Commercial and Industrial 16 20 16 Real Estate Construction: Residential — — — Commercial 5,897 10,484 132 Real Estate Mortgage: Commercial – Owner Occupied 3,699 3,729 55 Commercial – Non-owner Occupied 12,004 12,004 248 Residential – 1 to 4 Family 3,189 3,231 15 Residential – Multifamily — — — Consumer — — — $ 24,805 $ 29,468 $ 466 December 31, 2017 Recorded Investment Unpaid Principal Balance Related Allowance (amounts in thousands) With no related allowance recorded: Commercial and Industrial $ 17 $ 21 $ — Real Estate Construction: Residential — — — Commercial 1,365 5,856 — Real Estate Mortgage: Commercial – Owner Occupied 155 155 — Commercial – Non-owner Occupied 277 277 — Residential – 1 to 4 Family 2,292 2,354 — Residential – Multifamily — — — Consumer 81 81 — 4,187 8,744 — With an allowance recorded: Commercial and Industrial — — — Real Estate Construction: Residential — — — Commercial 4,587 4,684 135 Real Estate Mortgage: Commercial – Owner Occupied 3,635 3,665 58 Commercial – Non-owner Occupied 12,124 13,941 250 Residential – 1 to 4 Family 919 919 15 Residential – Multifamily — — — Consumer — — — 21,265 23,209 458 Total: Commercial and Industrial 17 21 — Real Estate Construction: Residential — — — Commercial 5,952 10,540 135 Real Estate Mortgage: Commercial – Owner Occupied 3,790 3,820 58 Commercial – Non-owner Occupied 12,401 14,218 250 Residential – 1 to 4 Family 3,211 3,273 15 Residential – Multifamily — — — Consumer 81 81 — $ 25,452 $ 31,953 $ 458 The following table presents by loan portfolio class, the average recorded investment and interest income recognized on impaired loans for the three months ended March 31, 2018 and 2017 : Three Months Ended March 31, 2018 2017 Average Recorded Investment Interest Income Recognized Average Recorded Investment Interest Income Recognized (amounts in thousands) Commercial and Industrial $ 21 $ — $ 23 $ — Real Estate Construction: Residential — — — — Commercial 10,512 48 8,188 57 Real Estate Mortgage: Commercial – Owner Occupied 3,774 48 4,081 57 Commercial – Non-owner Occupied 12,081 148 18,978 173 Residential – 1 to 4 Family 3,241 14 4,021 19 Residential – Multifamily — — 287 — Consumer — — 90 1 Total $ 29,629 $ 258 $ 35,668 $ 307 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 $20.6 million and $20.9 million with related allowances of $382,000 and $385,000 as of March 31, 2018 and December 31, 2017 , respectively. Nonperforming TDRs were $277,000 at March 31, 2018 and December 31, 2017 , with no related allowances as of March 31, 2018 and December 31, 2017 . All TDRs, performing and nonperforming, 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 three -month periods ended March 31, 2018 and 2017 . Also, there were no loans that were modified and deemed a TDR that subsequently defaulted during the three -month periods ended March 31, 2018 and 2017 . 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 March 31, 2018 and December 31, 2017 is as follows: At March 31, 2018 Pass OAEM Substandard Doubtful Total (amounts in thousands) Commercial and Industrial $ 30,109 $ 91 $ — $ — $ 30,200 Real Estate Construction: Residential 26,069 5,121 — — 31,190 Commercial 63,108 — 8,058 — 71,166 Real Estate Mortgage: Commercial – Owner Occupied 125,097 2,529 152 — 127,778 Commercial – Non-owner Occupied 272,824 — 465 — 273,289 Residential – 1 to 4 Family 439,837 550 2,418 — 442,805 Residential – Multifamily 49,612 — — — 49,612 Consumer 15,883 17 — — 15,900 Total $ 1,022,539 $ 8,308 $ 11,093 $ — $ 1,041,940 At December 31, 2017 Pass OAEM Substandard Doubtful Total (amounts in thousands) Commercial and Industrial $ 38,875 $ 97 $ — $ — $ 38,972 Real Estate Construction: Residential 23,430 5,056 — — 28,486 Commercial 58,921 — 8,218 — 67,139 Real Estate Mortgage: Commercial – Owner Occupied 123,491 2,604 155 — 126,250 Commercial – Non-owner Occupied 269,736 — 736 — 270,472 Residential – 1 to 4 Family 413,327 560 2,430 — 416,317 Residential – Multifamily 47,832 — — — 47,832 Consumer 16,168 — 81 — 16,249 Total $ 991,780 $ 8,317 $ 11,620 $ — $ 1,011,717

ALLOWANCE FOR LOAN LOSSES

ALLOWANCE FOR LOAN LOSSES	3 Months Ended
	Mar. 31, 2018
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 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 -month periods ended March 31, 2018 and 2017 is as follows: Allowance for Loan Losses : For the three months ended March 31, 2018 Beginning Balance Charge-offs Recoveries Provisions (Credits) Ending Balance (amounts in thousands) Commercial and Industrial $ 684 $ — $ 20 $ (149 ) $ 555 Real Estate Construction: Residential 399 — — 38 437 Commercial 1,669 — — 121 1,790 Real Estate Mortgage: Commercial – Owner Occupied 2,017 — 136 (162 ) 1,991 Commercial – Non-owner Occupied 4,630 — 5 146 4,781 Residential – 1 to 4 Family 6,277 — 4 363 6,644 Residential – Multifamily 627 — — 21 648 Consumer 230 (17 ) — 22 235 Total $ 16,533 $ (17 ) $ 165 $ 400 $ 17,081 Allowance for Loan Losses : For the three months ended March 31, 2017 Beginning Balance Charge-offs Recoveries Provisions (Credits) Ending Balance (amounts in thousands) Commercial and Industrial $ 1,188 $ (134 ) $ 35 $ 76 $ 1,165 Real Estate Construction: Residential 268 — — (39 ) 229 Commercial 2,496 — — (556 ) 1,940 Real Estate Mortgage: Commercial – Owner Occupied 2,082 (430 ) — 217 1,869 Commercial – Non-owner Occupied 3,889 — 40 311 4,240 Residential – 1 to 4 Family 4,916 (118 ) 2 336 5,136 Residential – Multifamily 505 — — 157 662 Consumer 236 — — (2 ) 234 Total $ 15,580 $ (682 ) $ 77 $ 500 $ 15,475 Allowance for Loan Losses, at Individually evaluated for impairment Collectively evaluated for impairment Total (amounts in thousands) Commercial and Industrial $ 16 $ 539 $ 555 Real Estate Construction: Residential — 437 437 Commercial 132 1,658 1,790 Real Estate Mortgage: Commercial – Owner Occupied 55 1,936 1,991 Commercial – Non-owner Occupied 248 4,533 4,781 Residential – 1 to 4 Family 15 6,629 6,644 Residential – Multifamily — 648 648 Consumer — 235 235 Total $ 466 $ 16,615 $ 17,081 Allowance for Loan Losses, at Individually evaluated for impairment Collectively evaluated for impairment Total (amounts in thousands) Commercial and Industrial $ — $ 684 $ 684 Real Estate Construction: Residential — 399 399 Commercial 135 1,534 1,669 Real Estate Mortgage: Commercial – Owner Occupied 58 1,959 2,017 Commercial – Non-owner Occupied 250 4,380 4,630 Residential – 1 to 4 Family 15 6,262 6,277 Residential – Multifamily — 627 627 Consumer — 230 230 Total $ 458 $ 16,075 $ 16,533 Loans, at March 31, 2018: Individually evaluated for impairment Collectively evaluated for impairment Total (amounts in thousands) Commercial and Industrial $ 16 $ 30,184 $ 30,200 Real Estate Construction: Residential — 31,190 31,190 Commercial 5,897 65,269 71,166 Real Estate Mortgage: Commercial – Owner Occupied 3,699 124,079 127,778 Commercial – Non-owner Occupied 12,004 261,285 273,289 Residential – 1 to 4 Family 3,189 439,616 442,805 Residential – Multifamily — 49,612 49,612 Consumer — 15,900 15,900 Total $ 24,805 $ 1,017,135 $ 1,041,940 Loans, at December 31, 2017: Individually evaluated for impairment Collectively evaluated for impairment Total (amounts in thousands) Commercial and Industrial $ 17 $ 38,955 $ 38,972 Real Estate Construction: Residential — 28,486 28,486 Commercial 5,952 61,187 67,139 Real Estate Mortgage: Commercial – Owner Occupied 3,790 122,460 126,250 Commercial – Non-owner Occupied 12,401 258,071 270,472 Residential – 1 to 4 Family 3,211 413,106 416,317 Residential – Multifamily — 47,832 47,832 Consumer 81 16,168 16,249 Total $ 25,452 $ 986,265 $ 1,011,717

REGULATORY MATTERS

REGULATORY MATTERS	3 Months Ended
	Mar. 31, 2018
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 2018 is 1.875%. The net unrealized gain or loss on available for sale securities is not included in computing regulatory capital. Management believes that, as of March 31, 2018 and December 31, 2017 , 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 March 31, 2018 and December 31, 2017 , 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 March 31, 2018 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 $ 167,788 17.21 % $ 77,979 8.00 % $ 96,255 9.875 % $ 97,474 10.00 % Tier 1 risk-based capital 155,548 15.96 % 58,484 6.00 % 76,760 7.875 % 77,979 8.00 % Tier 1 leverage 155,548 13.52 % 46,017 4.00 % 53,207 4.625 % 57,521 5.00 % Tier 1 common equity 126,602 12.99 % 43,863 4.50 % 62,139 6.375 % 63,358 6.50 % Parke Bank: Total risk-based capital $ 164,239 16.96 % $ 77,468 8.00 % $ 95,625 9.875 % $ 96,835 10.00 % Tier 1 risk-based capital 152,074 15.70 % 58,101 6.00 % 76,258 7.875 % 77,468 8.00 % Tier 1 leverage 152,074 13.22 % 46,017 4.00 % 53,207 4.625 % 57,521 5.00 % Tier 1 common equity 152,074 15.70 % 43,576 4.50 % 61,732 6.375 % 62,943 6.50 % As of December 31, 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 $ 162,837 17.17 % $ 75,859 8.00 % $ 87,711 9.25 % $ 94,823 10.00 % Tier 1 risk-based capital 150,926 15.92 % 56,894 6.00 % 68,747 7.25 % 75,859 8.00 % Tier 1 leverage 150,926 14.31 % 42,178 4.00 % 42,178 4.00 % 52,722 5.00 % Tier 1 common equity 121,955 12.86 % 42,670 4.50 % 54,523 5.75 % 61,635 6.50 % Parke Bank: Total risk-based capital $ 159,435 16.81 % $ 75,861 8.00 % $ 87,714 9.25 % $ 94,826 10.00 % Tier 1 risk-based capital 147,524 15.56 % 56,896 6.00 % 68,749 7.25 % 75,861 8.00 % Tier 1 leverage 147,524 13.99 % 42,175 4.00 % 42,175 4.00 % 52,719 5.00 % Tier 1 common equity 147,524 15.56 % 42,672 4.50 % 54,525 5.75 % 61,637 6.50 % *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).

COMMITMENTS AND CONTINGENCIES

COMMITMENTS AND CONTINGENCIES	3 Months Ended
	Mar. 31, 2018
Commitments and Contingencies Disclosure [Abstract]
COMMITMENTS AND CONTINGENCIES	COMMITMENTS AND CONTINGENCIES In the normal course of business, there are outstanding various contingent liabilities such as claims and legal action, which are not reflected in the financial statements. On March 1, 2018 the Bank entered into an agreement with the Federal Home Loan Bank of New York, for a Municipal Line of Credit ("MLOC"), of $40.0 million . The MLOC will be used to pledge against public deposits and expires on March 1, 2019.

OTHER COMPREHENSIVE LOSS

OTHER COMPREHENSIVE LOSS	3 Months Ended
	Mar. 31, 2018
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 March 31, 2018 and December 31, 2017 : March 31, December 31, (amounts in thousands) Securities: Unrealized losses on securities without OTTI $ (856 ) $ (207 ) Tax impact 233 77 Other comprehensive loss $ (623 ) $ (130 )

FAIR VALUE

FAIR VALUE	3 Months Ended
	Mar. 31, 2018
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. 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 March 31, 2018 Corporate debt obligations $ — $ 1,027 $ — $ 1,027 Residential mortgage-backed securities — 34,794 — 34,794 Collateralized mortgage-backed securities — 84 — 84 Collateralized debt obligations — — — — Total $ — $ 35,905 $ — $ 35,905 As of December 31, 2017 Corporate debt obligations $ — $ 1,033 $ — $ 1,033 Residential mortgage-backed securities — 36,863 — 36,863 Collateralized mortgage-backed securities — 95 — 95 Collateralized debt obligations — — — — Total $ — $ 37,991 $ — $ 37,991 For the three months ended March 31, 2018 , 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 three months ended March 31, 2018 Securities Available for Sale March 31, 2018 March 31, 2017 (amounts in thousands) Beginning balance at January 1, $ — $ 437 Total net losses included in: Settlements — (437 ) Ending balance $ — $ — 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 March 31, 2018 Collateral-dependent impaired loans $ — $ — $ 8,676 $ 8,676 OREO — — 6,838 6,838 As of December 31, 2017 Collateral-dependent impaired loans $ — $ — $ 9,093 $ 9,093 OREO — — 7,248 7,248 Collateral-dependent impaired loans, which are measured in accordance with FASB ASC Topic 310 “Receivables”, for impairment, had a carrying amount of $8.7 million and $9.1 million at March 31, 2018 and December 31, 2017 respectively, with a valuation allowance of $466,000 and $458,000 at March 31, 2018 and December 31, 2017 , 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 using 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: The following table summarizes the carrying amounts and fair values for financial instruments at March 31, 2018 and December 31, 2017 : Level in Fair Value Hierarchy March 31, 2018 December 31, 2017 Carrying Value Fair Value Carrying Value Fair Value (amounts in thousands) Financial Assets: Cash and cash equivalents Level 1 $ 46,705 $ 46,705 $ 42,113 $ 42,113 Investment securities AFS (1) 35,905 35,905 37,991 37,991 Investment securities HTM Level 2 1,074 1,252 2,268 2,468 Restricted stock Level 2 5,722 5,722 6,172 6,172 Loans held for sale Level 2 1,703 1,703 1,541 1,541 Loans, net (2) 1,024,859 1,025,641 995,184 1,001,655 Accrued interest receivable Level 2 4,139 4,139 4,025 4,025 Financial Liabilities: Demand and savings deposits Level 2 $ 524,349 $ 524,349 $ 498,522 $ 498,522 Time deposits Level 2 377,855 378,593 367,861 368,863 Borrowings Level 2 118,053 117,698 128,053 127,552 Accrued interest payable Level 2 731 731 719 719 (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")	3 Months Ended
	Mar. 31, 2018
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 -month periods ended March 31, 2018 and 2017 . For the three months ended 2018 2017 Basic earnings per common share Net income available to common shareholders $ 5,521 $ 3,160 Average common shares outstanding 8,020,232 7,564,607 Basic earnings per common share $ 0.69 $ 0.42 Diluted earnings per common share Net income available to common shareholders $ 5,521 $ 3,160 Dividend on Series B Preferred Stock 239 299 Average common shares outstanding 8,020,232 7,564,607 Dilutive potential common shares 1,896,266 2,337,312 Total diluted average common shares outstanding 9,916,498 9,901,919 Diluted earnings per common share $ 0.58 $ 0.35 All share and per share information has been adjusted for the 10% stock dividend paid May 19, 2017. On March 20, 2018 , the Company declared a quarterly cash dividend of $0.12 per share to common shareholders of record as of April 13, 2018 and payable on April 27, 2018 .

SUBSEQUENT EVENTS

SUBSEQUENT EVENTS	3 Months Ended
	Mar. 31, 2018
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 March 31, 2018 through the date the financial statements were issued and determined that no subsequent events warranted recognition in or disclosure in the interim financial statements. On April, 17, 2018, the Company declared a 10% common stock dividend. The stock dividend is payable on May 18, 2018, to stockholders of record as of May 4, 2018.

SUMMARY OF SIGNIFICANT ACCOUN21

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	3 Months Ended
	Mar. 31, 2018
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. 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, 2017 . The accompanying interim financial statements for the three months ended March 31, 2018 and 2017 are unaudited. The balance sheet as of December 31, 2017 , 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 three months ended March 31, 2018 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 other real estate owned ("OREO").
Recently Issued Accounting Pronouncements	Recently Issued Accounting Pronouncements: In February 2018, the Financial Accounting Standards Board ("FASB") issued Accounting Standards Update ("ASU") 2018-02, Income Statement - Reporting Comprehensive Income (Topic 220): Reclassification of Certain Tax Effects from Accumulated Other Comprehensive Income. The amendment in this update allows a reclassification from accumulated other comprehensive income to retained earnings for stranded tax effects resulting from the December 22, 2017, enactment of the reduced federal corporate income tax rate, which is effective in 2018. For public companies, the update is effective for annual periods beginning after December 15, 2018, with early adoption permitted. The amendment can be adopted at the beginning of the period or on a retrospective basis. The Company is in the process of evaluating this ASU and doesn't expect that the adoption of this standard will have any material impact on the company's consolidated financial statements. During August 2016, the FASB issued 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, 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 does not have a material effect on the consolidated financial statements. During June 2016, the FASB issued 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 ASU 2016-01, Financial Instruments-Overall: Recognition and Measurement of Financial Assets and Financial Liabilities . This 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. The Company adopted the guidance effective January 1, 2018, using the modified retrospective method. Upon adoption, the Company is no longer required to disclose the methodologies used for estimating fair value of financial assets and liabilities that are not measured at fair value on a recurring or nonrecurring basis. The remaining requirements of this update did not have a material impact on the Company consolidated financial statements. On February 25, 2016, the FASB issued ASU 2016-02, Leases (Topic 842) . ASU 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 resulting change from this ASU should not have a major impact on the Company's financial statements. In May 2014, the FASB issued ASU 2014-09, Revenue from Contracts with Customers . ASU 2014-09 (Topic 606) supersedes the revenue recognition requirements in Accounting Standards Codification, Topic 605. The amendment requires a contract-based approach revenue model. For public companies, this update was effective for interim and annual reporting periods beginning after December 15, 2017. The Company adopted the guidance effective January 1, 2018, using the modified retrospective method. The Company’s revenue is primarily composed of interest income on financial instruments, including investment securities and loans, which are excluded from the scope of this update. Also excluded from the scope of the update is revenue from bank-owned life insurance, loan fees, and letter of credit fees. Deposit account related fees are within the scope of the guidance; however, revenue recognition practices did not change under the guidance, as deposits agreements are considered day to day contracts. Deposits account transaction related fees will continue to be recognized as the services are performed. Implementation of this guidance did not change current business practices. Implementation of this guidance did not have a material impact on the Company’s consolidated financial statements.

INVESTMENT SECURITIES (Tables)

INVESTMENT SECURITIES (Tables)	3 Months Ended
	Mar. 31, 2018
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 March 31, 2018 and December 31, 2017 : As of March 31, 2018 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 $ 27 $ — $ — $ 1,027 Residential mortgage-backed securities 35,680 23 909 — 34,794 Collateralized mortgage obligations 82 2 — — 84 Total available for sale $ 36,762 $ 52 $ 909 $ — $ 35,905 Held to maturity: States and political subdivisions $ 1,074 $ 178 $ — $ — $ 1,252 As of December 31, 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 $ 33 $ — $ — $ 1,033 Residential mortgage-backed securities 37,105 194 436 — 36,863 Collateralized mortgage obligations 93 2 — — 95 Total available for sale $ 38,198 $ 229 $ 436 $ — $ 37,991 Held to maturity: States and political subdivisions $ 2,268 $ 200 $ — $ — $ 2,468
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 March 31, 2018 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 500 527 Residential mortgage-backed securities and collateralized mortgage obligations 35,762 34,878 Total available for sale $ 36,762 $ 35,905 Held to maturity: Due within one year $ — $ — Due after one year through five years — — Due after five years through ten years 1,074 1,252 Due after ten years — — Total held to maturity $ 1,074 $ 1,252
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 March 31, 2018 and December 31, 2017 : As of March 31, 2018 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 $ 11,575 $ 247 $ 14,186 $ 662 $ 25,761 $ 909 Total available for sale $ 11,575 $ 247 $ 14,186 $ 662 $ 25,761 $ 909 As of December 31, 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 $ 2,729 $ 16 $ 15,117 $ 420 $ 17,846 $ 436 Total available for sale $ 2,729 $ 16 $ 15,117 $ 420 $ 17,846 $ 436

LOANS (Tables)

LOANS (Tables)	3 Months Ended
	Mar. 31, 2018
Receivables [Abstract]
Portfolio of Loans Outstanding	The portfolio of loans outstanding consists of the following: March 31, 2018 December 31, 2017 Amount Percentage of Total Loans Amount Percentage of Total Loans (amounts in thousands) Commercial and Industrial $ 30,200 2.9 % $ 38,972 4.0 % Real Estate Construction: Residential 31,190 3.0 28,486 2.8 Commercial 71,166 6.8 67,139 6.6 Real Estate Mortgage: Commercial – Owner Occupied 127,778 12.3 126,250 12.5 Commercial – Non-owner Occupied 273,289 26.2 270,472 26.7 Residential – 1 to 4 Family 442,805 42.5 416,317 41.1 Residential – Multifamily 49,612 4.8 47,832 4.7 Consumer 15,900 1.5 16,249 1.6 Total Loans $ 1,041,940 100.0 % $ 1,011,717 100.0 %
Age Analysis of Past Due Loans by Class	An age analysis of past due loans by class at March 31, 2018 and December 31, 2017 follows: March 31, 2018 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 $ — $ — $ 16 $ 16 $ 30,184 $ 30,200 Real Estate Construction: Residential — — — — 31,190 31,190 Commercial — — 1,392 1,392 69,774 71,166 Real Estate Mortgage: Commercial – Owner Occupied — — 152 152 127,626 127,778 Commercial – Non-owner Occupied — — 326 326 272,963 273,289 Residential – 1 to 4 Family 463 62 2,285 2,810 439,995 442,805 Residential – Multifamily — — — — 49,612 49,612 Consumer — — — — 15,900 15,900 Total Loans $ 463 $ 62 $ 4,171 $ 4,696 $ 1,037,244 $ 1,041,940 December 31, 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 $ — $ — $ 17 $ 17 $ 38,955 $ 38,972 Real Estate Construction: Residential — — — — 28,486 28,486 Commercial — — 1,392 1,392 65,747 67,139 Real Estate Mortgage: Commercial – Owner Occupied — — 155 155 126,095 126,250 Commercial – Non-owner Occupied — — 597 597 269,875 270,472 Residential – 1 to 4 Family — 352 2,292 2,644 413,673 416,317 Residential – Multifamily — — — — 47,832 47,832 Consumer 92 — 81 173 16,076 16,249 Total Loans $ 92 $ 352 $ 4,534 $ 4,978 $ 1,006,739 $ 1,011,717
Impaired Loans	Impaired loans at March 31, 2018 and December 31, 2017 are set forth in the following tables: March 31, 2018 Recorded Investment Unpaid Principal Balance Related Allowance (amounts in thousands) With no related allowance recorded: Commercial and Industrial $ — $ — $ — Real Estate Construction: Residential — — — Commercial 1,366 5,855 — Real Estate Mortgage: Commercial – Owner Occupied 152 152 — Commercial – Non-owner Occupied 277 277 — Residential – 1 to 4 Family 2,285 2,326 — Residential – Multifamily — — — Consumer — — — 4,080 8,610 — With an allowance recorded: Commercial and Industrial 16 20 16 Real Estate Construction: Residential — — — Commercial 4,531 4,629 132 Real Estate Mortgage: Commercial – Owner Occupied 3,547 3,577 55 Commercial – Non-owner Occupied 11,727 11,727 248 Residential – 1 to 4 Family 904 905 15 Residential – Multifamily — — — Consumer — — — 20,725 20,858 466 Total: Commercial and Industrial 16 20 16 Real Estate Construction: Residential — — — Commercial 5,897 10,484 132 Real Estate Mortgage: Commercial – Owner Occupied 3,699 3,729 55 Commercial – Non-owner Occupied 12,004 12,004 248 Residential – 1 to 4 Family 3,189 3,231 15 Residential – Multifamily — — — Consumer — — — $ 24,805 $ 29,468 $ 466 December 31, 2017 Recorded Investment Unpaid Principal Balance Related Allowance (amounts in thousands) With no related allowance recorded: Commercial and Industrial $ 17 $ 21 $ — Real Estate Construction: Residential — — — Commercial 1,365 5,856 — Real Estate Mortgage: Commercial – Owner Occupied 155 155 — Commercial – Non-owner Occupied 277 277 — Residential – 1 to 4 Family 2,292 2,354 — Residential – Multifamily — — — Consumer 81 81 — 4,187 8,744 — With an allowance recorded: Commercial and Industrial — — — Real Estate Construction: Residential — — — Commercial 4,587 4,684 135 Real Estate Mortgage: Commercial – Owner Occupied 3,635 3,665 58 Commercial – Non-owner Occupied 12,124 13,941 250 Residential – 1 to 4 Family 919 919 15 Residential – Multifamily — — — Consumer — — — 21,265 23,209 458 Total: Commercial and Industrial 17 21 — Real Estate Construction: Residential — — — Commercial 5,952 10,540 135 Real Estate Mortgage: Commercial – Owner Occupied 3,790 3,820 58 Commercial – Non-owner Occupied 12,401 14,218 250 Residential – 1 to 4 Family 3,211 3,273 15 Residential – Multifamily — — — Consumer 81 81 — $ 25,452 $ 31,953 $ 458 The following table presents by loan portfolio class, the average recorded investment and interest income recognized on impaired loans for the three months ended March 31, 2018 and 2017 : Three Months Ended March 31, 2018 2017 Average Recorded Investment Interest Income Recognized Average Recorded Investment Interest Income Recognized (amounts in thousands) Commercial and Industrial $ 21 $ — $ 23 $ — Real Estate Construction: Residential — — — — Commercial 10,512 48 8,188 57 Real Estate Mortgage: Commercial – Owner Occupied 3,774 48 4,081 57 Commercial – Non-owner Occupied 12,081 148 18,978 173 Residential – 1 to 4 Family 3,241 14 4,021 19 Residential – Multifamily — — 287 — Consumer — — 90 1 Total $ 29,629 $ 258 $ 35,668 $ 307
Analysis of Credit Risk Profile by Internally Assigned Grades	An analysis of the credit risk profile by internally assigned grades as of March 31, 2018 and December 31, 2017 is as follows: At March 31, 2018 Pass OAEM Substandard Doubtful Total (amounts in thousands) Commercial and Industrial $ 30,109 $ 91 $ — $ — $ 30,200 Real Estate Construction: Residential 26,069 5,121 — — 31,190 Commercial 63,108 — 8,058 — 71,166 Real Estate Mortgage: Commercial – Owner Occupied 125,097 2,529 152 — 127,778 Commercial – Non-owner Occupied 272,824 — 465 — 273,289 Residential – 1 to 4 Family 439,837 550 2,418 — 442,805 Residential – Multifamily 49,612 — — — 49,612 Consumer 15,883 17 — — 15,900 Total $ 1,022,539 $ 8,308 $ 11,093 $ — $ 1,041,940 At December 31, 2017 Pass OAEM Substandard Doubtful Total (amounts in thousands) Commercial and Industrial $ 38,875 $ 97 $ — $ — $ 38,972 Real Estate Construction: Residential 23,430 5,056 — — 28,486 Commercial 58,921 — 8,218 — 67,139 Real Estate Mortgage: Commercial – Owner Occupied 123,491 2,604 155 — 126,250 Commercial – Non-owner Occupied 269,736 — 736 — 270,472 Residential – 1 to 4 Family 413,327 560 2,430 — 416,317 Residential – Multifamily 47,832 — — — 47,832 Consumer 16,168 — 81 — 16,249 Total $ 991,780 $ 8,317 $ 11,620 $ — $ 1,011,717

ALLOWANCE FOR LOAN LOSSES (Tabl

ALLOWANCE FOR LOAN LOSSES (Tables)	3 Months Ended
	Mar. 31, 2018
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 -month periods ended March 31, 2018 and 2017 is as follows: Allowance for Loan Losses : For the three months ended March 31, 2018 Beginning Balance Charge-offs Recoveries Provisions (Credits) Ending Balance (amounts in thousands) Commercial and Industrial $ 684 $ — $ 20 $ (149 ) $ 555 Real Estate Construction: Residential 399 — — 38 437 Commercial 1,669 — — 121 1,790 Real Estate Mortgage: Commercial – Owner Occupied 2,017 — 136 (162 ) 1,991 Commercial – Non-owner Occupied 4,630 — 5 146 4,781 Residential – 1 to 4 Family 6,277 — 4 363 6,644 Residential – Multifamily 627 — — 21 648 Consumer 230 (17 ) — 22 235 Total $ 16,533 $ (17 ) $ 165 $ 400 $ 17,081 Allowance for Loan Losses : For the three months ended March 31, 2017 Beginning Balance Charge-offs Recoveries Provisions (Credits) Ending Balance (amounts in thousands) Commercial and Industrial $ 1,188 $ (134 ) $ 35 $ 76 $ 1,165 Real Estate Construction: Residential 268 — — (39 ) 229 Commercial 2,496 — — (556 ) 1,940 Real Estate Mortgage: Commercial – Owner Occupied 2,082 (430 ) — 217 1,869 Commercial – Non-owner Occupied 3,889 — 40 311 4,240 Residential – 1 to 4 Family 4,916 (118 ) 2 336 5,136 Residential – Multifamily 505 — — 157 662 Consumer 236 — — (2 ) 234 Total $ 15,580 $ (682 ) $ 77 $ 500 $ 15,475 Allowance for Loan Losses, at Individually evaluated for impairment Collectively evaluated for impairment Total (amounts in thousands) Commercial and Industrial $ 16 $ 539 $ 555 Real Estate Construction: Residential — 437 437 Commercial 132 1,658 1,790 Real Estate Mortgage: Commercial – Owner Occupied 55 1,936 1,991 Commercial – Non-owner Occupied 248 4,533 4,781 Residential – 1 to 4 Family 15 6,629 6,644 Residential – Multifamily — 648 648 Consumer — 235 235 Total $ 466 $ 16,615 $ 17,081 Allowance for Loan Losses, at Individually evaluated for impairment Collectively evaluated for impairment Total (amounts in thousands) Commercial and Industrial $ — $ 684 $ 684 Real Estate Construction: Residential — 399 399 Commercial 135 1,534 1,669 Real Estate Mortgage: Commercial – Owner Occupied 58 1,959 2,017 Commercial – Non-owner Occupied 250 4,380 4,630 Residential – 1 to 4 Family 15 6,262 6,277 Residential – Multifamily — 627 627 Consumer — 230 230 Total $ 458 $ 16,075 $ 16,533 Loans, at March 31, 2018: Individually evaluated for impairment Collectively evaluated for impairment Total (amounts in thousands) Commercial and Industrial $ 16 $ 30,184 $ 30,200 Real Estate Construction: Residential — 31,190 31,190 Commercial 5,897 65,269 71,166 Real Estate Mortgage: Commercial – Owner Occupied 3,699 124,079 127,778 Commercial – Non-owner Occupied 12,004 261,285 273,289 Residential – 1 to 4 Family 3,189 439,616 442,805 Residential – Multifamily — 49,612 49,612 Consumer — 15,900 15,900 Total $ 24,805 $ 1,017,135 $ 1,041,940 Loans, at December 31, 2017: Individually evaluated for impairment Collectively evaluated for impairment Total (amounts in thousands) Commercial and Industrial $ 17 $ 38,955 $ 38,972 Real Estate Construction: Residential — 28,486 28,486 Commercial 5,952 61,187 67,139 Real Estate Mortgage: Commercial – Owner Occupied 3,790 122,460 126,250 Commercial – Non-owner Occupied 12,401 258,071 270,472 Residential – 1 to 4 Family 3,211 413,106 416,317 Residential – Multifamily — 47,832 47,832 Consumer 81 16,168 16,249 Total $ 25,452 $ 986,265 $ 1,011,717

REGULATORY MATTERS (Tables)

REGULATORY MATTERS (Tables)	3 Months Ended
	Mar. 31, 2018
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 March 31, 2018 and December 31, 2017 , 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 March 31, 2018 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 $ 167,788 17.21 % $ 77,979 8.00 % $ 96,255 9.875 % $ 97,474 10.00 % Tier 1 risk-based capital 155,548 15.96 % 58,484 6.00 % 76,760 7.875 % 77,979 8.00 % Tier 1 leverage 155,548 13.52 % 46,017 4.00 % 53,207 4.625 % 57,521 5.00 % Tier 1 common equity 126,602 12.99 % 43,863 4.50 % 62,139 6.375 % 63,358 6.50 % Parke Bank: Total risk-based capital $ 164,239 16.96 % $ 77,468 8.00 % $ 95,625 9.875 % $ 96,835 10.00 % Tier 1 risk-based capital 152,074 15.70 % 58,101 6.00 % 76,258 7.875 % 77,468 8.00 % Tier 1 leverage 152,074 13.22 % 46,017 4.00 % 53,207 4.625 % 57,521 5.00 % Tier 1 common equity 152,074 15.70 % 43,576 4.50 % 61,732 6.375 % 62,943 6.50 % As of December 31, 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 $ 162,837 17.17 % $ 75,859 8.00 % $ 87,711 9.25 % $ 94,823 10.00 % Tier 1 risk-based capital 150,926 15.92 % 56,894 6.00 % 68,747 7.25 % 75,859 8.00 % Tier 1 leverage 150,926 14.31 % 42,178 4.00 % 42,178 4.00 % 52,722 5.00 % Tier 1 common equity 121,955 12.86 % 42,670 4.50 % 54,523 5.75 % 61,635 6.50 % Parke Bank: Total risk-based capital $ 159,435 16.81 % $ 75,861 8.00 % $ 87,714 9.25 % $ 94,826 10.00 % Tier 1 risk-based capital 147,524 15.56 % 56,896 6.00 % 68,749 7.25 % 75,861 8.00 % Tier 1 leverage 147,524 13.99 % 42,175 4.00 % 42,175 4.00 % 52,719 5.00 % Tier 1 common equity 147,524 15.56 % 42,672 4.50 % 54,525 5.75 % 61,637 6.50 % *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)	3 Months Ended
	Mar. 31, 2018
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 March 31, 2018 and December 31, 2017 : March 31, December 31, (amounts in thousands) Securities: Unrealized losses on securities without OTTI $ (856 ) $ (207 ) Tax impact 233 77 Other comprehensive loss $ (623 ) $ (130 )

FAIR VALUE (Tables)

FAIR VALUE (Tables)	3 Months Ended
	Mar. 31, 2018
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 March 31, 2018 Corporate debt obligations $ — $ 1,027 $ — $ 1,027 Residential mortgage-backed securities — 34,794 — 34,794 Collateralized mortgage-backed securities — 84 — 84 Collateralized debt obligations — — — — Total $ — $ 35,905 $ — $ 35,905 As of December 31, 2017 Corporate debt obligations $ — $ 1,033 $ — $ 1,033 Residential mortgage-backed securities — 36,863 — 36,863 Collateralized mortgage-backed securities — 95 — 95 Collateralized debt obligations — — — — Total $ — $ 37,991 $ — $ 37,991
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 three months ended March 31, 2018 Securities Available for Sale March 31, 2018 March 31, 2017 (amounts in thousands) Beginning balance at January 1, $ — $ 437 Total net losses included in: Settlements — (437 ) Ending balance $ — $ —
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 March 31, 2018 Collateral-dependent impaired loans $ — $ — $ 8,676 $ 8,676 OREO — — 6,838 6,838 As of December 31, 2017 Collateral-dependent impaired loans $ — $ — $ 9,093 $ 9,093 OREO — — 7,248 7,248
Summary of Carrying Value and Fair Value of Financial Instruments	The following table summarizes the carrying amounts and fair values for financial instruments at March 31, 2018 and December 31, 2017 : Level in Fair Value Hierarchy March 31, 2018 December 31, 2017 Carrying Value Fair Value Carrying Value Fair Value (amounts in thousands) Financial Assets: Cash and cash equivalents Level 1 $ 46,705 $ 46,705 $ 42,113 $ 42,113 Investment securities AFS (1) 35,905 35,905 37,991 37,991 Investment securities HTM Level 2 1,074 1,252 2,268 2,468 Restricted stock Level 2 5,722 5,722 6,172 6,172 Loans held for sale Level 2 1,703 1,703 1,541 1,541 Loans, net (2) 1,024,859 1,025,641 995,184 1,001,655 Accrued interest receivable Level 2 4,139 4,139 4,025 4,025 Financial Liabilities: Demand and savings deposits Level 2 $ 524,349 $ 524,349 $ 498,522 $ 498,522 Time deposits Level 2 377,855 378,593 367,861 368,863 Borrowings Level 2 118,053 117,698 128,053 127,552 Accrued interest payable Level 2 731 731 719 719 (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)	3 Months Ended
	Mar. 31, 2018
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 -month periods ended March 31, 2018 and 2017 . For the three months ended 2018 2017 Basic earnings per common share Net income available to common shareholders $ 5,521 $ 3,160 Average common shares outstanding 8,020,232 7,564,607 Basic earnings per common share $ 0.69 $ 0.42 Diluted earnings per common share Net income available to common shareholders $ 5,521 $ 3,160 Dividend on Series B Preferred Stock 239 299 Average common shares outstanding 8,020,232 7,564,607 Dilutive potential common shares 1,896,266 2,337,312 Total diluted average common shares outstanding 9,916,498 9,901,919 Diluted earnings per common share $ 0.58 $ 0.35

ORGANIZATION (Details)

ORGANIZATION (Details) - USD ($) $ / shares in Units, $ in Millions	1 Months Ended	3 Months Ended
	Dec. 31, 2013	Mar. 31, 2018	Dec. 31, 2017
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

INVESTMENT SECURITIES - Summary

INVESTMENT SECURITIES - Summary of Investments (Details) $ in Thousands	Mar. 31, 2018USD ($)security	Mar. 01, 2018USD ($)	Dec. 31, 2017USD ($)security
Available for sale:
Amortized cost	$ 36,762		$ 38,198
Gross unrealized gains	52		229
Gross unrealized losses	909		436
Other-than- temporary impairments in AOCI	0		0
Fair value	35,905		37,991
Held to maturity:
Amortized cost	1,074		2,268
Fair value	1,252		2,468
Fair value of securities pledged to secure public deposits			32,500
Available-for-sale [Abstract]
Less Than 12 Months, Fair Value	11,575		2,729
12 Months or Greater, Fair value	14,186		15,117
Total, Fair Value	25,761		17,846
Less Than 12 Months, Unrealized Losses	247		16
12 Months or Greater, Unrealized Losses	662		420
Total, Unrealized Losses	909		436
States and political subdivisions
Held to maturity:
Amortized cost	1,074		2,268
Gross unrealized gains	178		200
Gross unrealized losses	0		0
Other-than- temporary impairments in AOCI	0		0
Fair value	1,252		2,468
Corporate debt obligations
Available for sale:
Amortized cost	1,000		1,000
Gross unrealized gains	27		33
Gross unrealized losses	0		0
Other-than- temporary impairments in AOCI	0		0
Fair value	1,027		1,033
Residential mortgage-backed securities
Available for sale:
Amortized cost	35,680		37,105
Gross unrealized gains	23		194
Gross unrealized losses	909		436
Other-than- temporary impairments in AOCI	0		0
Fair value	34,794		36,863
Available-for-sale [Abstract]
Less Than 12 Months, Fair Value	11,575		2,729
12 Months or Greater, Fair value	14,186		15,117
Total, Fair Value	25,761		17,846
Less Than 12 Months, Unrealized Losses	247		16
12 Months or Greater, Unrealized Losses	662		420
Total, Unrealized Losses	$ 909		$ 436
Collateralized Debt Obligations [Abstract]
Number of securities issued | security	12		10
Collateralized mortgage obligations
Available for sale:
Amortized cost	$ 82		$ 93
Gross unrealized gains	2		2
Gross unrealized losses	0		0
Other-than- temporary impairments in AOCI	0		0
Fair value	$ 84		$ 95
Line of Credit
Held to maturity:
Line of credit facility, maximum borrowing capacity		$ 40,000

INVESTMENT SECURITIES - Amortiz

INVESTMENT SECURITIES - Amortized Cost and Fair Value of Debt Securities (Details) - USD ($) $ in Thousands	Mar. 31, 2018	Dec. 31, 2017
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	500
Residential mortgage-backed securities and collateralized mortgage obligations	35,762
Total available for sale	36,762
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	527
Residential mortgage-backed securities and collateralized mortgage obligations	34,878
Total available for sale	35,905	$ 37,991
Amortized Cost
Due within one year	0
Due after one year through five years	0
Due after five years through ten years	1,074
Due after ten years	0
Amortized cost	1,074	2,268
Fair Value
Due within one year	0
Due after one year through five years	0
Due after five years through ten years	1,252
Due after ten years	0
Total held to maturity	$ 1,252	$ 2,468

LOANS - Portfolio of Loans Outs

LOANS - Portfolio of Loans Outstanding (Details) - USD ($) $ in Thousands	Mar. 31, 2018	Dec. 31, 2017
Receivables [Abstract]
Percentage of loan-to-value	80.00%
Portfolio of loans outstanding [Abstract]
Loans Amount	$ 1,041,940	$ 1,011,717
Percentage of Total Loans	100.00%	100.00%
Commercial
Portfolio of loans outstanding [Abstract]
Loans Amount	$ 30,200	$ 38,972
Percentage of Total Loans	2.90%	4.00%
Real Estate | Real Estate Construction | Residential
Portfolio of loans outstanding [Abstract]
Loans Amount	$ 31,190	$ 28,486
Percentage of Total Loans	3.00%	2.80%
Real Estate | Real Estate Construction | Commercial
Portfolio of loans outstanding [Abstract]
Loans Amount	$ 71,166	$ 67,139
Percentage of Total Loans	6.80%	6.60%
Real Estate | Real Estate Mortgage | Commercial – Owner Occupied
Portfolio of loans outstanding [Abstract]
Loans Amount	$ 127,778	$ 126,250
Percentage of Total Loans	12.30%	12.50%
Real Estate | Real Estate Mortgage | Commercial – Non-owner Occupied
Portfolio of loans outstanding [Abstract]
Loans Amount	$ 273,289	$ 270,472
Percentage of Total Loans	26.20%	26.70%
Real Estate | Real Estate Mortgage | Residential – 1 to 4 Family
Portfolio of loans outstanding [Abstract]
Loans Amount	$ 442,805	$ 416,317
Percentage of Total Loans	42.50%	41.10%
Real Estate | Real Estate Mortgage | Residential – Multifamily
Portfolio of loans outstanding [Abstract]
Loans Amount	$ 49,612	$ 47,832
Percentage of Total Loans	4.80%	4.70%
Consumer
Portfolio of loans outstanding [Abstract]
Loans Amount	$ 15,900	$ 16,249
Percentage of Total Loans	1.50%	1.60%

LOANS - Nonaccrual and Past Due

LOANS - Nonaccrual and Past Due Loans (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2018	Dec. 31, 2017
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	$ 4,696	$ 4,978
Current	1,037,244	1,006,739
Total Loans	1,041,940	1,011,717
30-59 Days Past Due
Age analysis of past due loans by class [Abstract]
Total Past Due	463	92
60-89 Days Past Due
Age analysis of past due loans by class [Abstract]
Total Past Due	62	352
Greater than 90 Days and Not Accruing
Age analysis of past due loans by class [Abstract]
Total Past Due	4,171	4,534
Commercial
Age analysis of past due loans by class [Abstract]
Total Past Due	16	17
Current	30,184	38,955
Total Loans	30,200	38,972
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	16	17
Real Estate | Real Estate Construction | Residential
Age analysis of past due loans by class [Abstract]
Total Past Due	0	0
Current	31,190	28,486
Total Loans	31,190	28,486
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	1,392	1,392
Current	69,774	65,747
Total Loans	71,166	67,139
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	1,392	1,392
Real Estate | Real Estate Mortgage | Commercial – Owner Occupied
Age analysis of past due loans by class [Abstract]
Total Past Due	152	155
Current	127,626	126,095
Total Loans	127,778	126,250
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	0	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	0
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	152	155
Real Estate | Real Estate Mortgage | Commercial – Non-owner Occupied
Age analysis of past due loans by class [Abstract]
Total Past Due	326	597
Current	272,963	269,875
Total Loans	273,289	270,472
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	326	597
Real Estate | Real Estate Mortgage | Residential – 1 to 4 Family
Age analysis of past due loans by class [Abstract]
Total Past Due	2,810	2,644
Current	439,995	413,673
Total Loans	442,805	416,317
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	463	0
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	62	352
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	2,285	2,292
Real Estate | Real Estate Mortgage | Residential – Multifamily
Age analysis of past due loans by class [Abstract]
Total Past Due	0	0
Current	49,612	47,832
Total Loans	49,612	47,832
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	0
Consumer
Age analysis of past due loans by class [Abstract]
Total Past Due	0	173
Current	15,900	16,076
Total Loans	15,900	16,249
Consumer | 30-59 Days Past Due
Age analysis of past due loans by class [Abstract]
Total Past Due	0	92
Consumer | 60-89 Days Past Due
Age analysis of past due loans by class [Abstract]
Total Past Due	0	0
Consumer | Greater than 90 Days and Not Accruing
Age analysis of past due loans by class [Abstract]
Total Past Due	$ 0	$ 81

LOANS - Impaired Loans and Trou

LOANS - Impaired Loans and Troubled Debt Restructurings (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2018	Mar. 31, 2017	Dec. 31, 2017
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	$ 4,080		$ 4,187
With an allowance recorded	20,725		21,265
Total recorded investment	24,805		25,452
Unpaid Principal Balance
With no related allowance recorded	8,610		8,744
With an allowance recorded	20,858		23,209
Total unpaid principal balance	29,468		31,953
Related Allowance
Total related allowance	466		458
Average recorded investment and interest income recognized [Abstract]
Average Recorded Investment	29,629	$ 35,668
Interest Income Recognized	258	307
Commercial
Recorded Investment
With no related allowance recorded	0		17
With an allowance recorded	16		0
Total recorded investment	16		17
Unpaid Principal Balance
With no related allowance recorded	0		21
With an allowance recorded	20		0
Total unpaid principal balance	20		21
Related Allowance
Total related allowance	16		0
Average recorded investment and interest income recognized [Abstract]
Average Recorded Investment	21	23
Interest Income Recognized	0	0
Real Estate | Real Estate Construction | Residential
Recorded Investment
With no related allowance recorded	0		0
With an allowance recorded	0		0
Total recorded investment	0		0
Unpaid Principal Balance
With no related allowance recorded	0		0
With an allowance recorded	0		0
Total unpaid principal balance	0		0
Related Allowance
Total related allowance	0		0
Average recorded investment and interest income recognized [Abstract]
Average Recorded Investment	0	0
Interest Income Recognized	0	0
Real Estate | Real Estate Construction | Commercial
Recorded Investment
With no related allowance recorded	1,366		1,365
With an allowance recorded	4,531		4,587
Total recorded investment	5,897		5,952
Unpaid Principal Balance
With no related allowance recorded	5,855		5,856
With an allowance recorded	4,629		4,684
Total unpaid principal balance	10,484		10,540
Related Allowance
Total related allowance	132		135
Average recorded investment and interest income recognized [Abstract]
Average Recorded Investment	10,512	8,188
Interest Income Recognized	48	57
Real Estate | Real Estate Mortgage | Commercial – Owner Occupied
Recorded Investment
With no related allowance recorded	152		155
With an allowance recorded	3,547		3,635
Total recorded investment	3,699		3,790
Unpaid Principal Balance
With no related allowance recorded	152		155
With an allowance recorded	3,577		3,665
Total unpaid principal balance	3,729		3,820
Related Allowance
Total related allowance	55		58
Average recorded investment and interest income recognized [Abstract]
Average Recorded Investment	3,774	4,081
Interest Income Recognized	48	57
Real Estate | Real Estate Mortgage | Commercial – Non-owner Occupied
Recorded Investment
With no related allowance recorded	277		277
With an allowance recorded	11,727		12,124
Total recorded investment	12,004		12,401
Unpaid Principal Balance
With no related allowance recorded	277		277
With an allowance recorded	11,727		13,941
Total unpaid principal balance	12,004		14,218
Related Allowance
Total related allowance	248		250
Average recorded investment and interest income recognized [Abstract]
Average Recorded Investment	12,081	18,978
Interest Income Recognized	148	173
Real Estate | Real Estate Mortgage | Residential – 1 to 4 Family
Recorded Investment
With no related allowance recorded	2,285		2,292
With an allowance recorded	904		919
Total recorded investment	3,189		3,211
Unpaid Principal Balance
With no related allowance recorded	2,326		2,354
With an allowance recorded	905		919
Total unpaid principal balance	3,231		3,273
Related Allowance
Total related allowance	15		15
Average recorded investment and interest income recognized [Abstract]
Average Recorded Investment	3,241	4,021
Interest Income Recognized	14	19
Real Estate | Real Estate Mortgage | Residential – Multifamily
Recorded Investment
With no related allowance recorded	0		0
With an allowance recorded	0		0
Total recorded investment	0		0
Unpaid Principal Balance
With no related allowance recorded	0		0
With an allowance recorded	0		0
Total unpaid principal balance	0		0
Related Allowance
Total related allowance	0		0
Average recorded investment and interest income recognized [Abstract]
Average Recorded Investment	0	287
Interest Income Recognized	0	0
Consumer
Recorded Investment
With no related allowance recorded	0		81
With an allowance recorded	0		0
Total recorded investment	0		81
Unpaid Principal Balance
With no related allowance recorded	0		81
With an allowance recorded	0		0
Total unpaid principal balance	0		81
Related Allowance
Total related allowance	0		$ 0
Average recorded investment and interest income recognized [Abstract]
Average Recorded Investment	0	90
Interest Income Recognized	$ 0	$ 1

LOANS - Troubled Debt Restructu

LOANS - Troubled Debt Restructuring (Details)	3 Months Ended
	Mar. 31, 2018USD ($)loanpayment	Mar. 31, 2017loan	Dec. 31, 2017USD ($)
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	$ 20,600,000		$ 20,900,000
Allowances for performing TDRs	382,000		385,000
Nonperforming TDRs	277,000		277,000
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	Mar. 31, 2018	Dec. 31, 2017
Financing Receivable, Recorded Investment [Line Items]
Loans	$ 1,041,940	$ 1,011,717
Pass
Financing Receivable, Recorded Investment [Line Items]
Loans	1,022,539	991,780
OAEM
Financing Receivable, Recorded Investment [Line Items]
Loans	8,308	8,317
Substandard
Financing Receivable, Recorded Investment [Line Items]
Loans	11,093	11,620
Doubtful
Financing Receivable, Recorded Investment [Line Items]
Loans	0	0
Commercial
Financing Receivable, Recorded Investment [Line Items]
Loans	30,200	38,972
Commercial | Pass
Financing Receivable, Recorded Investment [Line Items]
Loans	30,109	38,875
Commercial | OAEM
Financing Receivable, Recorded Investment [Line Items]
Loans	91	97
Commercial | Substandard
Financing Receivable, Recorded Investment [Line Items]
Loans	0	0
Commercial | Doubtful
Financing Receivable, Recorded Investment [Line Items]
Loans	0	0
Consumer
Financing Receivable, Recorded Investment [Line Items]
Loans	15,900	16,249
Consumer | Pass
Financing Receivable, Recorded Investment [Line Items]
Loans	15,883	16,168
Consumer | OAEM
Financing Receivable, Recorded Investment [Line Items]
Loans	17	0
Consumer | Substandard
Financing Receivable, Recorded Investment [Line Items]
Loans	0	81
Consumer | Doubtful
Financing Receivable, Recorded Investment [Line Items]
Loans	0	0
Residential | Real Estate | Real Estate Construction
Financing Receivable, Recorded Investment [Line Items]
Loans	31,190	28,486
Residential | Real Estate | Pass | Real Estate Construction
Financing Receivable, Recorded Investment [Line Items]
Loans	26,069	23,430
Residential | Real Estate | OAEM | Real Estate Construction
Financing Receivable, Recorded Investment [Line Items]
Loans	5,121	5,056
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	71,166	67,139
Commercial | Real Estate | Pass | Real Estate Construction
Financing Receivable, Recorded Investment [Line Items]
Loans	63,108	58,921
Commercial | Real Estate | OAEM | Real Estate Construction
Financing Receivable, Recorded Investment [Line Items]
Loans	0	0
Commercial | Real Estate | Substandard | Real Estate Construction
Financing Receivable, Recorded Investment [Line Items]
Loans	8,058	8,218
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	127,778	126,250
Commercial – Owner Occupied | Real Estate | Pass | Real Estate Mortgage
Financing Receivable, Recorded Investment [Line Items]
Loans	125,097	123,491
Commercial – Owner Occupied | Real Estate | OAEM | Real Estate Mortgage
Financing Receivable, Recorded Investment [Line Items]
Loans	2,529	2,604
Commercial – Owner Occupied | Real Estate | Substandard | Real Estate Mortgage
Financing Receivable, Recorded Investment [Line Items]
Loans	152	155
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	273,289	270,472
Commercial – Non-owner Occupied | Real Estate | Pass | Real Estate Mortgage
Financing Receivable, Recorded Investment [Line Items]
Loans	272,824	269,736
Commercial – Non-owner Occupied | Real Estate | OAEM | Real Estate Mortgage
Financing Receivable, Recorded Investment [Line Items]
Loans	0	0
Commercial – Non-owner Occupied | Real Estate | Substandard | Real Estate Mortgage
Financing Receivable, Recorded Investment [Line Items]
Loans	465	736
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	442,805	416,317
Residential – 1 to 4 Family | Real Estate | Pass | Real Estate Mortgage
Financing Receivable, Recorded Investment [Line Items]
Loans	439,837	413,327
Residential – 1 to 4 Family | Real Estate | OAEM | Real Estate Mortgage
Financing Receivable, Recorded Investment [Line Items]
Loans	550	560
Residential – 1 to 4 Family | Real Estate | Substandard | Real Estate Mortgage
Financing Receivable, Recorded Investment [Line Items]
Loans	2,418	2,430
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	49,612	47,832
Residential – Multifamily | Real Estate | Pass | Real Estate Mortgage
Financing Receivable, Recorded Investment [Line Items]
Loans	49,612	47,832
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	0
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
	Mar. 31, 2018	Mar. 31, 2017	Mar. 31, 2018	Dec. 31, 2017
Allowance for Loan Losses [Roll Forward]
Beginning Balance	$ 16,533	$ 15,580
Charge-offs	(17)	(682)
Recoveries	165	77
Provisions (Credits)	400	500
Ending Balance	17,081	15,475
Allowances for loan losses, Individually evaluated for impairment			$ 466	$ 458
Allowances for loan losses, Collectively evaluated for impairment			16,615	16,075
Allowance for loan losses	16,533	15,580	17,081	16,533
Loans, Individually evaluated for impairment			24,805	25,452
Loans, Collectively evaluated for impairment			1,017,135	986,265
Total Loans			1,041,940	1,011,717
Commercial
Allowance for Loan Losses [Roll Forward]
Beginning Balance	684	1,188
Charge-offs	0	(134)
Recoveries	20	35
Provisions (Credits)	(149)	76
Ending Balance	555	1,165
Allowances for loan losses, Individually evaluated for impairment			16	0
Allowances for loan losses, Collectively evaluated for impairment			539	684
Allowance for loan losses	684	1,188	555	684
Loans, Individually evaluated for impairment			16	17
Loans, Collectively evaluated for impairment			30,184	38,955
Total Loans			30,200	38,972
Real Estate | Real Estate Construction | Residential
Allowance for Loan Losses [Roll Forward]
Beginning Balance	399	268
Charge-offs	0	0
Recoveries	0	0
Provisions (Credits)	38	(39)
Ending Balance	437	229
Allowances for loan losses, Individually evaluated for impairment			0	0
Allowances for loan losses, Collectively evaluated for impairment			437	399
Allowance for loan losses	399	268	437	399
Loans, Individually evaluated for impairment			0	0
Loans, Collectively evaluated for impairment			31,190	28,486
Total Loans			31,190	28,486
Real Estate | Real Estate Construction | Commercial
Allowance for Loan Losses [Roll Forward]
Beginning Balance	1,669	2,496
Charge-offs	0	0
Recoveries	0	0
Provisions (Credits)	121	(556)
Ending Balance	1,790	1,940
Allowances for loan losses, Individually evaluated for impairment			132	135
Allowances for loan losses, Collectively evaluated for impairment			1,658	1,534
Allowance for loan losses	1,669	2,496	1,790	1,669
Loans, Individually evaluated for impairment			5,897	5,952
Loans, Collectively evaluated for impairment			65,269	61,187
Total Loans			71,166	67,139
Real Estate | Real Estate Mortgage | Commercial – Owner Occupied
Allowance for Loan Losses [Roll Forward]
Beginning Balance	2,017	2,082
Charge-offs	0	(430)
Recoveries	136	0
Provisions (Credits)	(162)	217
Ending Balance	1,991	1,869
Allowances for loan losses, Individually evaluated for impairment			55	58
Allowances for loan losses, Collectively evaluated for impairment			1,936	1,959
Allowance for loan losses	2,017	2,082	1,991	2,017
Loans, Individually evaluated for impairment			3,699	3,790
Loans, Collectively evaluated for impairment			124,079	122,460
Total Loans			127,778	126,250
Real Estate | Real Estate Mortgage | Commercial – Non-owner Occupied
Allowance for Loan Losses [Roll Forward]
Beginning Balance	4,630	3,889
Charge-offs	0	0
Recoveries	5	40
Provisions (Credits)	146	311
Ending Balance	4,781	4,240
Allowances for loan losses, Individually evaluated for impairment			248	250
Allowances for loan losses, Collectively evaluated for impairment			4,533	4,380
Allowance for loan losses	4,630	3,889	4,781	4,630
Loans, Individually evaluated for impairment			12,004	12,401
Loans, Collectively evaluated for impairment			261,285	258,071
Total Loans			273,289	270,472
Real Estate | Real Estate Mortgage | Residential – 1 to 4 Family
Allowance for Loan Losses [Roll Forward]
Beginning Balance	6,277	4,916
Charge-offs	0	(118)
Recoveries	4	2
Provisions (Credits)	363	336
Ending Balance	6,644	5,136
Allowances for loan losses, Individually evaluated for impairment			15	15
Allowances for loan losses, Collectively evaluated for impairment			6,629	6,262
Allowance for loan losses	6,277	4,916	6,644	6,277
Loans, Individually evaluated for impairment			3,189	3,211
Loans, Collectively evaluated for impairment			439,616	413,106
Total Loans			442,805	416,317
Real Estate | Real Estate Mortgage | Residential – Multifamily
Allowance for Loan Losses [Roll Forward]
Beginning Balance	627	505
Charge-offs	0	0
Recoveries	0	0
Provisions (Credits)	21	157
Ending Balance	648	662
Allowances for loan losses, Individually evaluated for impairment			0	0
Allowances for loan losses, Collectively evaluated for impairment			648	627
Allowance for loan losses	627	505	648	627
Loans, Individually evaluated for impairment			0	0
Loans, Collectively evaluated for impairment			49,612	47,832
Total Loans			49,612	47,832
Consumer
Allowance for Loan Losses [Roll Forward]
Beginning Balance	230	236
Charge-offs	(17)	0
Recoveries	0	0
Provisions (Credits)	22	(2)
Ending Balance	235	234
Allowances for loan losses, Individually evaluated for impairment			0	0
Allowances for loan losses, Collectively evaluated for impairment			235	230
Allowance for loan losses	$ 230	$ 236	235	230
Loans, Individually evaluated for impairment			0	81
Loans, Collectively evaluated for impairment			15,900	16,168
Total Loans			$ 15,900	$ 16,249

REGULATORY MATTERS (Details)

REGULATORY MATTERS (Details) - USD ($) $ in Thousands	Mar. 31, 2018	Dec. 31, 2017
Parke Bancorp, Inc.
Total Risk Based Capital (to Risk Weighted Assets) [Abstract]
Actual, Amount	$ 167,788	$ 162,837
For Capital Adequacy Purposes, Amount	77,979	75,859
Capital Required For Capital Adequacy With Capital Conservation Buffer	96,255	87,711
To be Well-Capitalized Under Prompt Corrective Action Provisions, Amount	97,474	94,823
Tier 1 Capital (to Risk Weighted Assets) [Abstract]
Actual, Amount	155,548	150,926
For Capital Adequacy Purposes, Amount	58,484	56,894
Tier One Risk Based Capital Required For Capital Adequacy With Capital Conservation Buffer	76,760	68,747
To be Well-Capitalized Under Prompt Corrective Action Provisions, Amount	$ 77,979	$ 75,859
Total Risk Based Capital and Tier 1 Capital (to Risk Weighted Assets) [Abstract]
Total Risk Based Capital, Actual, Ratio	17.21%	17.17%
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	9.875%	9.25%
Total Risk Based Capital, To be Well-Capitalized Under Prompt Corrective Action Provisions, Ratio	10.00%	10.00%
Tier 1 Capital, Actual, Ratio	15.96%	15.92%
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	7.875%	7.25%
Tier 1 Capital, To be Well-Capitalized Under Prompt Corrective Action Provisions, Ratio	8.00%	8.00%
Tier 1 Capital Common Equity , Actual, Ratio	12.99%	12.86%
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	6.375%	5.75%
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	$ 155,548	$ 150,926
For Capital Adequacy Purposes, Amount	46,017	42,178
Tier One Leverage Capital Required For Capital Adequacy With Capital Conservation Buffer	53,207	42,178
To be Well-Capitalized Under Prompt Corrective Action Provisions, Amount	$ 57,521	$ 52,722
Tier 1 Capital (to Average Assets) [Abstract]
Actual, Ratio	13.52%	14.31%
For Capital Adequacy Purposes, Ratio	4.00%	4.00%
Tier One Leverage Capital Required For Capital Adequacy With Capital Conservation Buffer To Average Assets	4.625%	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	$ 126,602	$ 121,955
For Capital Adequacy Purposes, Amount	43,863	42,670
Common Equity Tier One Capital Required For Capital Adequacy With Capital Conservation Buffer	62,139	54,523
To be Well-Capitalized Under Prompt Corrective Action Provisions, Amount	63,358	61,635
Parke Bank
Total Risk Based Capital (to Risk Weighted Assets) [Abstract]
Actual, Amount	164,239	159,435
For Capital Adequacy Purposes, Amount	77,468	75,861
Capital Required For Capital Adequacy With Capital Conservation Buffer	95,625	87,714
To be Well-Capitalized Under Prompt Corrective Action Provisions, Amount	96,835	94,826
Tier 1 Capital (to Risk Weighted Assets) [Abstract]
Actual, Amount	152,074	147,524
For Capital Adequacy Purposes, Amount	58,101	56,896
Tier One Risk Based Capital Required For Capital Adequacy With Capital Conservation Buffer	76,258	68,749
To be Well-Capitalized Under Prompt Corrective Action Provisions, Amount	$ 77,468	$ 75,861
Total Risk Based Capital and Tier 1 Capital (to Risk Weighted Assets) [Abstract]
Total Risk Based Capital, Actual, Ratio	16.96%	16.81%
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	9.875%	9.25%
Total Risk Based Capital, To be Well-Capitalized Under Prompt Corrective Action Provisions, Ratio	10.00%	10.00%
Tier 1 Capital, Actual, Ratio	15.70%	15.56%
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	7.875%	7.25%
Tier 1 Capital, To be Well-Capitalized Under Prompt Corrective Action Provisions, Ratio	8.00%	8.00%
Tier 1 Capital Common Equity , Actual, Ratio	15.70%	15.56%
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	6.375%	5.75%
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	$ 152,074	$ 147,524
For Capital Adequacy Purposes, Amount	46,017	42,175
Tier One Leverage Capital Required For Capital Adequacy With Capital Conservation Buffer	53,207	42,175
To be Well-Capitalized Under Prompt Corrective Action Provisions, Amount	$ 57,521	$ 52,719
Tier 1 Capital (to Average Assets) [Abstract]
Actual, Ratio	13.22%	13.99%
For Capital Adequacy Purposes, Ratio	4.00%	4.00%
Tier One Leverage Capital Required For Capital Adequacy With Capital Conservation Buffer To Average Assets	4.625%	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	$ 152,074	$ 147,524
For Capital Adequacy Purposes, Amount	43,576	42,672
Common Equity Tier One Capital Required For Capital Adequacy With Capital Conservation Buffer	61,732	54,525
To be Well-Capitalized Under Prompt Corrective Action Provisions, Amount	$ 62,943	$ 61,637

COMMITMENTS AND CONTINGENCIES (

COMMITMENTS AND CONTINGENCIES (Details) $ in Millions	Mar. 01, 2018USD ($)
Line of Credit
Debt Instrument [Line Items]
Line of credit facility, maximum borrowing capacity	$ 40

OTHER COMPREHENSIVE LOSS (Detai

OTHER COMPREHENSIVE LOSS (Details) - USD ($) $ in Thousands	Mar. 31, 2018	Dec. 31, 2017
Securities:
Tax impact	$ 233	$ 77
Other comprehensive loss	(623)	(130)
Unrealized losses on securities without OTTI
Securities:
Unrealized losses on securities without OTTI	(856)	(207)
Total
Securities:
Other comprehensive loss	$ (623)	$ (130)

FAIR VALUE (Details)

FAIR VALUE (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2018	Mar. 31, 2017	Dec. 31, 2017
Assets and liabilities measured at fair value on a recurring basis [Abstract]
Total available for sale	$ 35,905		$ 37,991
Financial Assets:
Investment securities AFS	35,905		37,991
Investment securities HTM	1,252		2,468
Changes in Level 3 assets measured at fair value on a recurring basis [Abstract]
Beginning balance	0	$ 437
Total net losses included in:
Settlements	0	(437)
Ending balance	0	$ 0
Level 1 | Reported Value Measurement
Assets and liabilities measured at fair value on a recurring basis [Abstract]
Total available for sale	35,905		37,991
Financial Assets:
Cash and cash equivalents	46,705		42,113
Investment securities AFS	35,905		37,991
Level 1 | Estimate of Fair Value Measurement
Assets and liabilities measured at fair value on a recurring basis [Abstract]
Total available for sale	35,905		37,991
Financial Assets:
Cash and cash equivalents	46,705		42,113
Investment securities AFS	35,905		37,991
Level 2 | Reported Value Measurement
Financial Assets:
Investment securities HTM	1,074		2,268
Restricted stock	5,722		6,172
Loans held for sale	1,703		1,541
Loans, net	1,024,859		995,184
Accrued interest receivable	4,139		4,025
Financial Liabilities:
Demand and savings deposits	524,349		498,522
Time deposits	377,855		367,861
Borrowings	118,053		128,053
Accrued interest payable	731		719
Level 2 | Estimate of Fair Value Measurement
Financial Assets:
Investment securities HTM	1,252		2,468
Restricted stock	5,722		6,172
Loans held for sale	1,703		1,541
Loans, net	1,025,641		1,001,655
Accrued interest receivable	4,139		4,025
Financial Liabilities:
Demand and savings deposits	524,349		498,522
Time deposits	378,593		368,863
Borrowings	117,698		127,552
Accrued interest payable	$ 731		719
Minimum
Fair value on a non-recurring basis [Abstract]
Underlying collateral less cost to sell percentage (in hundredths)	5.00%
Maximum
Fair value on a non-recurring basis [Abstract]
Underlying collateral less cost to sell percentage (in hundredths)	10.00%
Recurring
Assets and liabilities measured at fair value on a recurring basis [Abstract]
Corporate debt obligations	$ 1,027		1,033
Residential mortgage-backed securities	34,794		36,863
Collateralized mortgage-backed securities	84		95
Collateralized debt obligations	0		0
Total available for sale	35,905		37,991
Financial Assets:
Investment securities AFS	35,905		37,991
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	1,027		1,033
Residential mortgage-backed securities	34,794		36,863
Collateralized mortgage-backed securities	84		95
Collateralized debt obligations	0		0
Total available for sale	35,905		37,991
Financial Assets:
Investment securities AFS	35,905		37,991
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	0		0
Total available for sale	0		0
Financial Assets:
Investment securities AFS	0		0
Nonrecurring
Fair value on a non-recurring basis [Abstract]
Collateral-dependent impaired loans	8,676		9,093
OREO	6,838		7,248
Valuation allowance	466		458
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	8,676		9,093
OREO	$ 6,838		$ 7,248

EARNINGS PER SHARE ("EPS") (Det

EARNINGS PER SHARE ("EPS") (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended
	Mar. 31, 2018	Mar. 31, 2017	Mar. 20, 2018
Basic earnings per common share
Net income available to common shareholders	$ 5,521	$ 3,160
Average common shares outstanding (in shares)	8,020,232	7,564,607
Basic earnings per common share (in dollars per share)	$ 0.69	$ 0.42
Diluted earnings per common share
Net income available to common shareholders	$ 5,521	$ 3,160
Dividend on Series B Preferred Stock	$ 239	$ 299
Average common shares outstanding (in shares)	8,020,232	7,564,607
Dilutive potential common shares (in shares)	1,896,266	2,337,312
Total diluted average common shares outstanding (in shares)	9,916,498	9,901,919
Diluted earnings per common share (in dollars per share)	$ 0.58	$ 0.35
Common stock, dividend rate, percentage	10.00%
Quarterly dividend declared (in dollars per share)			$ 0.12

SUBSEQUENT EVENTS (Details)

SUBSEQUENT EVENTS (Details)	Apr. 17, 2018	Mar. 31, 2018
Subsequent Event [Line Items]
Common stock, dividend rate, percentage		10.00%
Subsequent Event
Subsequent Event [Line Items]
Common stock, dividend rate, percentage	10.00%