Parke Bancorp (PKBK) 10-Q 9 Aug 18 2018 Q2 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	6 Months Ended
	Jun. 30, 2018	Jul. 31, 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		9,774,221
Document Fiscal Year Focus	2,018
Document Fiscal Period Focus	Q2
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Jun. 30, 2018

Consolidated Balance Sheets (un

Consolidated Balance Sheets (unaudited) - USD ($) $ in Thousands	Jun. 30, 2018	Dec. 31, 2017
Assets
Cash and due from financial institutions	$ 6,319	$ 14,452
Federal funds sold and cash equivalents	103,892	27,661
Total cash and cash equivalents	110,211	42,113
Investment securities available for sale, at fair value	34,235	37,991
Investment securities held to maturity (fair value of $1,258 at June 30, 2018 and $2,468 at December 31, 2017)	1,086	2,268
Total investment securities	35,321	40,259
Loans held for sale	1,839	1,541
Loans, net of unearned income	1,101,243	1,011,717
Less: Allowance for loan losses	(17,273)	(16,533)
Net loans	1,083,970	995,184
Accrued interest receivable	4,271	4,025
Premises and equipment, net	6,964	7,025
Other real estate owned (OREO)	6,158	7,248
Restricted stock, at cost	5,858	6,172
Bank owned life insurance (BOLI)	25,499	25,196
Deferred tax asset	6,624	6,420
Other assets	2,920	2,269
Total Assets	1,289,635	1,137,452
Deposits
Noninterest-bearing deposits	210,669	124,356
Interest-bearing deposits	807,227	742,027
Total deposits	1,017,896	866,383
FHLBNY borrowings	104,650	114,650
Subordinated debentures	13,403	13,403
Accrued interest payable	1,116	719
Other liabilities	7,928	7,517
Total liabilities	1,144,993	1,002,672
Equity
Preferred stock, 1,000,000 shares authorized, $1,000 liquidation value Series B - non-cumulative convertible; 9,195 shares outstanding at June 30, 2018 and 15,971 shares outstanding at December 31, 2017	9,195	15,971
Common stock, $0.10 par value; authorized 15,000,000 shares; Issued: 9,956,210 shares at June 30, 2018 and 8,301,497 shares at December 31, 2017	996	830
Additional paid-in capital	104,866	81,940
Retained earnings	32,156	39,184
Accumulated other comprehensive loss	(797)	(130)
Treasury stock, at cost, 284,522 shares at June 30, 2018 and at December 31, 2017, respectively,	(3,015)	(3,015)
Total shareholders’ equity	143,401	134,780
Non-Controlling Interest	1,241	0
Total equity	144,642	134,780
Total liabilities and equity	$ 1,289,635	$ 1,137,452

Consolidated Balance Sheets (u3

Consolidated Balance Sheets (unaudited) (Parenthetical) - USD ($) $ in Thousands	Jun. 30, 2018	Dec. 31, 2017
Assets
Investment securities held to maturity, fair value	$ 1,258	$ 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)	9,195	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)	9,956,210	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		6 Months Ended
	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2018	Jun. 30, 2017
Interest income:
Interest and fees on loans	$ 14,243	$ 11,356	$ 27,256	$ 22,006
Interest and dividends on investments	332	351	681	725
Interest on federal funds sold and cash equivalents	305	63	448	135
Total interest income	14,880	11,770	28,385	22,866
Interest expense:
Interest on deposits	2,620	1,547	4,573	3,012
Interest on borrowings	665	420	1,196	795
Total interest expense	3,285	1,967	5,769	3,807
Net interest income	11,595	9,803	22,616	19,059
Provision for loan losses	200	1,000	600	1,500
Net interest income after provision for loan losses	11,395	8,803	22,016	17,559
Noninterest income:
Gain on sale of SBA loans	36	84	214	84
Loan fees	409	175	560	241
Gain on Bank Owned Life Insurance	153	163	303	323
Service fees on deposit accounts	399	99	685	187
Loss on sale of OREO and valuation adjustments	(509)	(389)	(509)	(395)
Other	161	459	265	547
Total noninterest income	649	591	1,518	987
Noninterest expense:
Compensation and benefits	1,953	1,692	3,907	3,593
Professional services	418	382	792	747
Occupancy and equipment	419	326	840	669
Data processing	194	186	391	368
FDIC insurance	92	71	169	142
OREO expense	165	146	334	303
Other operating expense	753	758	1,456	1,428
Total noninterest expense	3,994	3,561	7,889	7,250
Income before income tax expense	8,050	5,833	15,645	11,296
Income tax expense	1,923	2,151	3,758	4,155
Net income attributable to Company and noncontrolling interest	6,127	3,682	11,887	7,141
Less: Comprehensive income attributable to noncontrolling interests	16	(17)	16	(18)
Net income attributable to Company	6,111	3,699	11,871	7,159
Preferred stock dividend and discount accretion	168	297	407	596
Net income available to common shareholders	$ 5,943	$ 3,402	$ 11,464	$ 6,563
Earnings per common share:
Basic (in dollars per share)	$ 0.66	$ 0.41	$ 1.28	$ 0.79
Diluted (in dollars per share)	$ 0.56	$ 0.34	$ 1.09	$ 0.66
Weighted average shares outstanding:
Basic (in shares)	9,044,159	8,335,041	8,933,820	8,328,093
Diluted (in shares)	10,909,130	10,913,227	10,909,294	10,901,965

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Income (unaudited) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2018	Jun. 30, 2017
Statement of Comprehensive Income [Abstract]
Net income	$ 6,127	$ 3,682	$ 11,887	$ 7,141
Unrealized (losses) gains on investment securities:
Non-credit related net unrealized gains (losses) on OTTI securities	0	8	0	18
Unrealized (losses) gains on non-OTTI securities	(194)	144	(844)	211
Tax impact on unrealized gain (loss)	47	(61)	204	(91)
Reclassification of stranded tax effects	(27)	0	(27)	0
Total unrealized (losses) gains on investment securities	(174)	91	(667)	138
Comprehensive income	5,953	3,773	11,220	7,279
Less: Comprehensive income attributable to noncontrolling interests	(16)	17	(16)	18
Comprehensive income attributable to the Company	$ 5,937	$ 3,790	$ 11,204	$ 7,297

Consolidated Statements of Equi

Consolidated Statements of Equity (unaudited) - USD ($) $ in Thousands	Total	Preferred Stock	Common Stock	Additional Paid-In Capital	Retained Earnings	Accumulated Other Comprehensive (Loss) Income	Treasury Stock	Total Shareholders' Equity	Non-Controlling Interest
Balance at Dec. 31, 2016	$ 127,090	$ 20,000	$ 715	$ 62,300	$ 47,483	$ (349)	$ (3,015)	$ 127,134	$ (44)
Balance (in shares) at Dec. 31, 2016			7,147,952
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Capital withdrawal by non-controlling interest	(53)								(53)
Common stock options exercised (shares)			7,260
Common stock options exercised	232		$ 0	232				232
Preferred stock options conversion (in shares)			17,774
Preferred stock shares conversion	(157)	(172)	$ 2	13				(157)
Other comprehensive income	138					138		138
Net income	7,141				7,159			7,159	(18)
Stock compensation expense	36			36				36
Stock dividend (shares)			688,846
Stock dividend	0		$ 69	15,499	(15,568)
Dividend on preferred stock	(596)				(596)			(596)
Dividend on common stock	(1,599)				(1,599)			(1,599)
Balance at Jun. 30, 2017	132,232	19,828	$ 786	78,080	36,879	(211)	(3,015)	132,347	(115)
Balance (in shares) at Jun. 30, 2017			7,861,832
Balance at Dec. 31, 2017	134,780	15,971	$ 830	81,940	39,184	(130)	(3,015)	134,780	0
Balance (in shares) at Dec. 31, 2017			8,301,497
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Retained earnings adjustment for stranded tax effects	27				27			27
Capital activity by non-controlling interest	1,225								1,225
Common stock options exercised (shares)			5,406
Common stock options exercised	41		$ 1	40				41
Preferred stock options conversion (in shares)			847,023
Preferred stock shares conversion	1	(6,776)	$ 85	6,692				1
Other comprehensive income	(667)					(667)		(667)
Net income	11,887				11,871			11,871	16
Stock compensation expense	41			41				41
Stock dividend (shares)			802,284
Stock dividend	(3)		$ 80	16,153	(16,236)			(3)
Dividend on preferred stock	(407)				(407)			(407)
Dividend on common stock	(2,283)				(2,283)			(2,283)
Balance at Jun. 30, 2018	$ 144,642	$ 9,195	$ 996	$ 104,866	$ 32,156	$ (797)	$ (3,015)	$ 143,401	$ 1,241
Balance (in shares) at Jun. 30, 2018			9,956,210

Consolidated Statements of Cash

Consolidated Statements of Cash Flows (unaudited) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2018	Jun. 30, 2017
Cash Flows from Operating Activities:
Net income	$ 11,887	$ 7,141
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation of premises and equipment	185	144
Provision for loan losses	600	1,500
Increase in value of bank-owned life insurance	(303)	(323)
Gain on sale of SBA loans	(214)	(84)
SBA loans originated for sale	(3,075)	(2,546)
Proceeds from sale of SBA loans originated for sale	2,991	748
Loss on sale of OREO and valuation adjustments	509	395
Net accretion of purchase premiums and discounts on securities	27	33
Stock based compensation	41	36
Deferred income tax benefit	0	179
Net changes in:
Increase in accrued interest receivable and other assets	(897)	(2,794)
Increase (decrease) in accrued interest payable and other accrued liabilities	523	(254)
Net cash provided by operating activities	12,274	4,175
Cash Flows from Investing Activities:
Proceeds from sale and call of investment securities	1,205	0
Proceeds from maturities and principal payments on mortgage backed securities	2,862	3,178
Net increase in loans	(90,443)	(77,217)
Purchases of bank premises and equipment	(124)	(1,846)
Donated OREO property	0	(30)
Sale of OREO, net	1,638	1,500
Redemptions(purchases) of restricted stock	314	(1,035)
Net cash used in investing activities	(84,548)	(75,450)
Cash Flows from Financing Activities:
Cash dividend payment	(2,407)	(1,973)
Proceeds from exercise of stock options	41	247
Capital contribution (withdrawal) from non-controlling interest	1,225	(53)
Net (decrease) increase in FHLBNY and short-term borrowings	(10,000)	20,000
Net increase (decrease) in noninterest-bearing deposits	86,313	(12,179)
Net increase in interest-bearing deposits	65,200	14,013
Net cash provided by financing activities	140,372	20,055
Net increase (decrease) in cash and cash equivalents	68,098	(51,220)
Cash and Cash Equivalents, January 1,	42,113	70,720
Cash and Cash Equivalents, June 30,	110,211	19,500
Cash paid during the year for:
Interest on deposits and borrowed funds	5,384	3,835
Income taxes	3,354	5,654
Non-cash Investing and Financing Items
Loans transferred to OREO	$ 1,057	$ 59

ORGANIZATION

ORGANIZATION	6 Months Ended
	Jun. 30, 2018
Organization, Consolidation and Presentation of Financial Statements [Abstract]
ORGANIZATION	ORGANIZATION Parke Bancorp, Inc. (the “Company, we, us, our”) is a bank holding company headquartered in Sewell, New Jersey. Through subsidiaries, the Company provides individuals, corporations and other businesses, and institutions with commercial and retail banking services, principally loans and deposits. The Company was incorporated in January 2005 under the laws of the State of New Jersey for the sole purpose of becoming the holding company of Parke Bank (the "Bank"). The Bank is a commercial bank, which was incorporated on August 25, 1998, and commenced operations on January 28, 1999 . The Bank is chartered by the New Jersey Department of Banking and Insurance and its deposits are insured by the Federal Deposit Insurance Corporation. The Bank maintains its principal office at 601 Delsea Drive, Sewell, New Jersey, and seven additional branch office locations; 501 Tilton Road, Northfield, New Jersey, 567 Egg Harbor Road, Washington Township, New Jersey, 67 East Jimmie Leeds Road, Galloway Township, New Jersey, 1150 Haddon Avenue, Collingswood, New Jersey, 1610 Spruce Street, Philadelphia, Pennsylvania, and 1032 Arch Street, Philadelphia, Pennsylvania.

SUMMARY OF SIGNIFICANT ACCOUNTI

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	6 Months Ended
	Jun. 30, 2018
Accounting Policies [Abstract]
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Basis of Financial Statement Presentation: We prepared our consolidated financial statements in accordance with accounting principles generally accepted in the United States of America (GAAP). The accompanying consolidated financial statements include the accounts of the Company, its wholly-owned subsidiary the Bank, and certain partnership interests. 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. We have eliminated inter-company balances and transactions. We have also reclassified certain prior year amounts to conform to the current year presentation, which did not have a material impact on our consolidated financial condition or results of operations. 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 and six months ended June 30, 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 and six months ended June 30, 2018 are not necessarily indicative of the results for the full year. 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, 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 early adopted the ASU in the second quarter of 2018. The reclassification of the cumulative-effect of $27,000 from accumulated other comprehensive income to retained earnings was immaterial to our 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. Also, the ASU requires separate presentation of financial assets and financial liabilities by measurement category and form of financial asset on the balance sheet or in the accompanying notes to the financial statements. 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's 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. In June 2018, the FASB issued ASU 2018-07, Compensation-Stock Compensation (Topic 718) - Improvements to Nonemployee Share-Based Payment Accounting, which expands the scope of Topic 718 to include share based payment transactions for acquiring goods and services from nonemployees. An entity should apply the requirements of Topic 718 to nonemployee awards except for specific guidance on inputs to an option pricing model and the attribution of cost. The amendments specify that Topic 718 applies to all share-based payment transactions in which a grantor acquires goods or services to be used or consumed in a grantor’s own operations by issuing share-based payment awards. The ASU is effective for public business entities for fiscal years beginning after December 15, 2018. The Company does not expect the amendments will have any material impact on our consolidated financial statements.

INVESTMENT SECURITIES

INVESTMENT SECURITIES	6 Months Ended
	Jun. 30, 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 June 30, 2018 and December 31, 2017 : As of June 30, 2018 Amortized cost Gross unrealized gains Gross unrealized losses Fair value (amounts in thousands) Available for sale: Corporate debt obligations $ 1,000 $ 28 $ — $ 1,028 Residential mortgage-backed securities 34,213 62 1,142 33,133 Collateralized mortgage obligations 73 1 — 74 Total available for sale $ 35,286 $ 91 $ 1,142 $ 34,235 Held to maturity: States and political subdivisions $ 1,086 $ 172 $ — $ 1,258 As of December 31, 2017 Amortized cost Gross unrealized gains Gross unrealized losses 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 June 30, 2018 are as follows: Amortized Cost Fair Value (amounts in thousands) Available for sale: Due within one year $ 6 $ 6 Due after one year through five years 349 331 Due after five years through ten years 8,537 8,224 Due after ten years 26,394 25,674 Total available for sale $ 35,286 $ 34,235 Held to maturity: Due within one year $ — $ — Due after one year through five years — — Due after five years through ten years 1,086 1,258 Due after ten years — — Total held to maturity $ 1,086 $ 1,258 Expected maturities may differ from contractual maturities because the issuers of certain debt securities do have the right to call or prepay their obligations without any penalty. During the three and six months ended June 30, 2018 , the Company did not sell any securities. At June 30, 2018 , the Company used a letter 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 which are aggregated by investment category and length of time that individual securities have been in a continuous unrealized loss position at June 30, 2018 and December 31, 2017 : As of June 30, 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 $ 18,472 $ 412 $ 13,426 $ 730 $ 31,898 $ 1,142 Total available for sale $ 18,472 $ 412 $ 13,426 $ 730 $ 31,898 $ 1,142 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 Other Than Temporarily Impaired Debt Securities (OTTI) On at least a quarterly basis, we review all debt securities that are in an unrealized loss position for OTTI. An investment security is deemed impaired if the fair value of the investment is less than its amortized cost. Amortized cost includes adjustments (if any) made to the cost basis of an investment for accretion, amortization, previous other-than-temporary impairments. After an investment security is determined to be impaired, we evaluate whether the decline in value is other-than-temporary. Estimating recovery of the amortized cost basis of a debt security is based upon an assessment of the cash flows expected to be collected. If the present value of the cash flows expected to be collected, discounted at the security’s effective yield, is less than the security’s amortized cost, OTTI is considered to have occurred. For a debt security for which there has been a decline in the fair value below amortized cost basis, if we intend to sell the security, or if it is more likely than not we will be required to sell the security before recovery of amortized cost basis, an OTTI write-down is recognized in earnings equal to the entire difference between the amortized cost basis and fair value of the security. 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 discounted at the security’s effective yield. The remaining difference between the security’s fair value and the present value of expected future cash flows is due to factors that are not credit-related and, therefore, is recognized in other comprehensive income. 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. 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; (4) any change in rating agencies’ credit ratings at evaluation date from acquisition date and any likely imminent action; (5) for asset-backed securities, the credit performance of the underlying collateral, including delinquency rates, level of non-performing assets, cumulative losses to date, collateral value and the remaining credit enhancement compared with expected credit losses. The Company’s unrealized loss for the debt securities is comprised of 15 securities and 11 residential mortgage backed securities at June 30, 2018 and December 31, 2017 , respectively. The mortgage backed securities that had unrealized losses were issued or guaranteed by US government or government sponsored entities. The unrealized losses associated with those mortgage backed securities are generally driven by changes in interest rates and not due to credit losses given the explicit or implicit guarantees provided by the U.S. government. Because the Company does not intend to sell the securities 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, the Company does not consider the unrealized loss in these securities to be OTTI at June 30, 2018 .

LOANS AND ALLOWANCE FOR LOAN LO

LOANS AND ALLOWANCE FOR LOAN LOSSES	6 Months Ended
	Jun. 30, 2018
Receivables [Abstract]
LOANS AND ALLOWANCE FOR LOAN LOSSES	LOANS AND ALLOWANCE FOR LOAN LOSSES As of June 30, 2018, the Company had $1.1 billion in loans receivable outstanding. Loans held for sale totaled $1.8 million at June 30, 2018. The portfolios of loans receivable at June 30, 2018 and December 31, 2017, consist of the following: June 30, 2018 December 31, 2017 Amount Amount (amounts in thousands) Commercial and Industrial $ 27,833 $ 38,972 Construction 130,383 95,625 Real Estate Mortgage: Commercial – Owner Occupied 130,313 126,250 Commercial – Non-owner Occupied 272,277 270,472 Residential – 1 to 4 Family 475,702 416,317 Residential – Multifamily 49,349 47,832 Consumer 15,386 16,249 Total Loans $ 1,101,243 $ 1,011,717 An age analysis of past due loans by class at June 30, 2018 and December 31, 2017 as follows: June 30, 2018 30-59 60-89 Greater Total Past Current Total Loans > 90 Days and Accruing (amounts in thousands) Commercial and Industrial $ — $ — $ 15 $ 15 $ 27,818 $ 27,833 $ — Construction — — 1,365 1,365 129,018 130,383 — Real Estate Mortgage: Commercial – Owner Occupied — — 150 150 130,163 130,313 — Commercial – Non-owner Occupied — — 277 277 272,000 272,277 — Residential – 1 to 4 Family 504 1,419 1,923 473,779 475,702 — Residential – Multifamily — — — — 49,349 49,349 — Consumer 112 — — 112 15,274 15,386 — Total Loans $ 112 $ 504 $ 3,226 $ 3,842 $ 1,097,401 $ 1,101,243 $ — December 31, 2017 30-59 60-89 Greater Total Past Current Total Loans > 90 Days and Accruing (amounts in thousands) Commercial and Industrial $ — $ — $ 17 $ 17 $ 38,955 $ 38,972 $ — Construction — — 1,392 1,392 94,233 95,625 — 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 $ — Allowance For Loan and Lease Losses (ALLL) We maintain the ALLL at a level that we believe to be appropriate to absorb estimated probable credit losses incurred in the loan portfolios as of the balance sheet date. We established our allowance in accordance with guidance provided in Accounting Standard Codification ("ASC") - Contingencies (ASC 450) and Receivables (ASC 310). Determining the appropriateness of the allowance is complex and requires significant judgment reflecting the best estimate of credit losses related to specifically identified impaired loans as well as probable loan losses in the remaining loan portfolio. These evaluations are inherently subjective, as they require material estimates and may be susceptible to significant change. The allowance for loan and lease losses is reviewed by the management of the Company monthly and discussed with the audit committee at least quarterly. Our allowance for loan losses includes a formula based component and an asset-specific component. The asset-specific component of the allowance relates to loans considered to be impaired, which includes loans that have been modified in TDRs as well as nonperforming loans. To determine the asset-specific component of the allowance, the loans are evaluated individually based on the borrower's ability to repay amounts owed, collateral, relative risk grade of the loans, and other factors given current events and conditions. The Company generally measures the asset-specific allowance as the difference between the fair value (net realizable value) and the recorded investment of a loan. The formula based component of the allowance incorporates historical valuation allowance and general valuation allowance. The historical loss experience is measured by type of credit and internal risk grade, loss severity, specific homogeneous risk pools. A historical loss ratio and valuation allowance are established for each pool of similar loans and updated periodically based on actual charge-off experience and current events. The general valuation allowance is based on general economic conditions and other qualitative risk factors both internal and external to the Company. It is generally 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; (ix) the impact of rising interest rates on portfolio risk; and (x) national and local economic trends and conditions, and industry conditions. 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. When evaluating the adequacy of the allowance, the assessment is highly judgmental as the measurement relies upon estimates such as loss severity, asset valuations, default rates, the amounts and timing of interest or principal payments or other factors that are reflective of current and expected market conditions. These estimates are, in turn, dependent on factors such as the duration of current overall economic conditions, industry, portfolio, or borrower-specific factors, the expected outcome of insolvency proceedings as well as, in certain circumstances, other economic factors, including the level of future home prices. All of these estimates and assumptions require significant management judgment and certain assumptions are highly subjective. The following tables present the information regarding the allowance for loan and lease losses and associated loan data: Real Estate Mortgage Commercial and Industrial Construction Commercial Owner Occupied Commercial Non-owner Occupied Residential 1 to 4 Family Residential Multifamily Consumer Total Allowance for loan losses (amounts in thousands) Three months ended June 30, 2018 March 31, 2018 $ 555 $ 2,227 $ 1,991 $ 4,781 $ 6,644 $ 648 $ 235 17,081 Charge-offs — (27 ) — (49 ) — — (1 ) (77 ) Recoveries 10 — 5 50 4 — — 69 Provisions (26 ) (202 ) (35 ) 478 18 (29 ) (4 ) 200 Ending Balance at June 30, 2018 $ 539 $ 1,998 $ 1,961 $ 5,260 $ 6,666 $ 619 $ 230 $ 17,273 Allowance for loan losses Six months ended June 30, 2018 December 31, 2017 $ 684 $ 2,068 $ 2,017 $ 4,630 $ 6,277 $ 627 $ 230 16,533 Charge-offs — (27 ) — (49 ) — — (18 ) (94 ) Recoveries 30 — 141 55 8 — — 234 Provisions (175 ) (43 ) (197 ) 624 381 (8 ) 18 600 Ending Balance at June 30, 2018 $ 539 $ 1,998 $ 1,961 $ 5,260 $ 6,666 $ 619 $ 230 $ 17,273 Allowance for loan losses Individually evaluated for impairment $ 15 $ 73 $ 51 $ 196 $ 14 $ — $ — $ 349 Collectively evaluated for impairment 524 1,925 1,910 5,064 6,652 619 230 16,924 Balance at June 30, 2018 $ 539 $ 1,998 $ 1,961 $ 5,260 $ 6,666 $ 619 $ 230 $ 17,273 Loans Individually evaluated for impairment $ 15 $ 5,780 $ 3,609 $ 11,829 $ 2,310 $ — $ — $ 23,543 Collectively evaluated for impairment 27,818 124,603 126,704 260,448 473,392 49,349 15,386 1,077,700 Balance at June 30, 2018 $ 27,833 $ 130,383 $ 130,313 $ 272,277 $ 475,702 $ 49,349 $ 15,386 $ 1,101,243 Real Estate Mortgage Commercial and Industrial Construction Commercial Owner Occupied Commercial Non-owner Occupied Residential 1 to 4 Family Residential Multifamily Consumer Total Allowance for loan losses (amounts in thousands) Three months ended June 30, 2017 March 31, 2017 $ 1,165 $ 2,169 $ 1,869 $ 4,240 $ 5,136 $ 662 $ 234 15,475 Charge-offs — — — — — — — — Recoveries 8 — 69 5 2 — — 84 Provisions 29 89 (103 ) 670 284 37 (6 ) 1,000 Ending Balance at June 30, 2017 $ 1,202 $ 2,258 $ 1,835 $ 4,915 $ 5,422 $ 699 $ 228 $ 16,559 Allowance for loan losses Six months ended June 30, 2017 December 31, 2016 $ 1,188 $ 2,764 $ 2,082 $ 3,889 $4,916 $ 505 $ 236 $ 15,580 Charge-offs (134 ) — (430 ) — (118 ) — — (682 ) Recoveries 42 — 69 45 5 — — 161 Provisions 106 (506 ) 114 981 619 194 (8 ) 1,500 Ending Balance at June 30, 2017 $ 1,202 $ 2,258 $ 1,835 $ 4,915 $ 5,422 $ 699 $ 228 $ 16,559 Allowance for loan losses Individually evaluated for impairment $ — $ 810 $ 57 $ 906 $ 212 $ 50 $ — $ 2,035 Collectively evaluated for impairment 1,202 1,448 1,778 4,009 5,210 649 228 14,524 Balance at June 30, 2017 $ 1,202 $ 2,258 $ 1,835 $ 4,915 $ 5,422 $ 699 $ 228 $ 16,559 Loans Individually evaluated for impairment $ 19 $ 7,182 $ 3,971 $ 17,280 $ 4,124 $ 50 $ 90 $ 32,716 Collectively evaluated for impairment 27,078 70,793 118,083 266,116 346,321 51,411 16,072 895,874 Balance at June 30, 2017 $ 27,097 $ 77,975 $ 122,054 $ 283,396 $ 350,445 $ 51,461 $ 16,162 $ 928,590 Impaired Loans A loan is considered impaired when, based on the current information and events, it is probable that the Company will be unable to collect the payments of principal and interest 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. 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. All our 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 or the present value of discounted cash flows in the case of certain impaired loans that are not collateral dependent. The following tables provide further detail on impaired loans and the associated ALLL at June 30, 2018 and December 31, 2017 : June 30, 2018 Recorded Investment Unpaid Principal Balance Related Allowance (amounts in thousands) With no related allowance recorded: Commercial and Industrial $ — $ — $ — Construction — — — Real Estate Mortgage: Commercial – Owner Occupied 150 150 — Commercial – Non-owner Occupied 277 277 — Residential – 1 to 4 Family 1,419 1,419 — Residential – Multifamily — — — Consumer — — — 1,846 1,846 — With an allowance recorded: Commercial and Industrial 15 20 15 Construction 5,780 10,269 73 Real Estate Mortgage: Commercial – Owner Occupied 3,459 3,489 51 Commercial – Non-owner Occupied 11,552 11,552 196 Residential – 1 to 4 Family 891 891 14 Residential – Multifamily — — — Consumer — — — 21,697 26,221 349 Total: Commercial and Industrial 15 20 15 Construction 5,780 10,269 73 Real Estate Mortgage: Commercial – Owner Occupied 3,609 3,639 51 Commercial – Non-owner Occupied 11,829 11,829 196 Residential – 1 to 4 Family 2,310 2,310 14 Residential – Multifamily — — — Consumer — — — $ 23,543 $ 28,067 $ 349 December 31, 2017 Recorded Investment Unpaid Principal Balance Related Allowance (amounts in thousands) With no related allowance recorded: Commercial and Industrial $ 17 $ 21 $ — Construction 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 — — — Construction 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 — Construction 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 and six months ended June 30, 2018 and 2017 : Three Months Ended June 30, 2018 2017 Average Recorded Investment Interest Income Recognized Average Recorded Investment Interest Income Recognized (amounts in thousands) Commercial and Industrial $ 16 $ 1 $ 23 $ — Construction 5,839 49 9,158 51 Real Estate Mortgage: Commercial – Owner Occupied 3,654 48 4,024 40 Commercial – Non-owner Occupied 11,917 148 18,483 155 Residential – 1 to 4 Family 2,750 13 4,179 22 Residential – Multifamily — — 180 — Consumer — — 90 1 Total $ 24,176 $ 259 $ 36,137 $ 269 Six Months Ended June 30, 2018 2017 Average Recorded Investment Interest Income Recognized Average Recorded Investment Interest Income Recognized (amounts in thousands) Commercial and Industrial $ 16 $ 1 $ 23 $ 1 Construction 5,876 97 8,535 102 Real Estate Mortgage: Commercial – Owner Occupied 3,699 96 4,054 97 Commercial – Non-owner Occupied 12,078 296 18,248 328 Residential – 1 to 4 Family 2,903 27 4,185 42 Residential – Multifamily — — 223 — Consumer 27 — 90 2 Total $ 24,599 $ 517 $ 35,358 $ 572 Troubled debt restructuring (TDRs) A TDR is a loan the terms of which have been restructured in a manner that grants a concession to a borrower experiencing financial difficulty. TDRs result from our loss mitigation activities that include rate reductions, extension of maturity, or a combination of both, which are intended to minimize economic loss and to avoid foreclosure or repossession of collateral. TDRs are classified as impaired loans and are included in the impaired loan disclosures. TDRs are also evaluated to determine whether they should be placed on non-accrual status. 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. 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. At June 30, 2018 and December 31, 2017 , we reported TDR loans of $20.6 million and $ 21.2 million , respectively. There were no new loans modified as a TDR and no additional commitments to lend additional funds to debtors whose loans have been modified in TDRs during six months ended June 30, 2018 and the year ended December 31, 2017 . Performing TDRs (not reported as non-accrual loans) totaled $20.3 million and $20.9 million as of June 30, 2018 and December 31, 2017 . Nonperforming TDRs were $277,000 at June 30, 2018 and December 31, 2017 , respectively. Loans modified in a TDR are evaluated for impairment. The nature and extent of impairment of TDRs, including those that have experienced a subsequent default, is considered in the determination of an appropriate level of allowance for loan losses. For the TDR loans, we had specific reserves of $329,000 and $457,000 in the allowance at June 30, 2018 and December 31, 2017 . TDRs are generally included in nonaccrual loans and may return to performing status after a minimum of six consecutive monthly payments under restructured terms and also meeting other performance indicators. 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 that 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 June 30, 2018 and December 31, 2017 is as follows: At June 30, 2018 Pass OAEM Substandard Doubtful Total (amounts in thousands) Commercial and Industrial $ 27,748 $ 85 $ — $ — $ 27,833 Construction 116,207 6,185 7,991 — 130,383 Real Estate Mortgage: Commercial – Owner Occupied 127,709 2,454 150 — 130,313 Commercial – Non-owner Occupied 271,863 — 414 — 272,277 Residential – 1 to 4 Family 473,379 775 1,548 — 475,702 Residential – Multifamily 49,349 — — — 49,349 Consumer 15,370 16 — — 15,386 Total $ 1,081,625 $ 9,515 $ 10,103 $ — $ 1,101,243 At December 31, 2017 Pass OAEM Substandard Doubtful Total (amounts in thousands) Commercial and Industrial $ 38,875 $ 97 $ — $ — $ 38,972 Construction 82,351 5,056 8,218 — 95,625 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

TIME DEPOSITS TIME DEPOSITS

TIME DEPOSITS TIME DEPOSITS	6 Months Ended
	Jun. 30, 2018
Banking and Thrift [Abstract]
TIME DEPOSITS	TIME DEPOSITS The Company’s total deposits were $1.0 billion and $866.4 million at June 30, 2018 and December 31, 2017 . The time deposits greater than $250,000 were $52.3 million and $51.1 million at June 30, 2018 and December 31, 2017, respectively.

REGULATORY MATTERS

REGULATORY MATTERS	6 Months Ended
	Jun. 30, 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 Bank made one-time election to opt-out the net unrealized gain or loss on available for sale securities in computing regulatory capital. At June 30, 2018 and December 31, 2017 , the Company and Bank were both considered “well capitalized" 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 June 30, 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 Capital Compliance As of June 30, 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 $ 174,520 16.75 % $ 83,333 8.00 % $ 102,864 9.875 % $ 104,166 10.00 % Tier 1 risk-based capital 161,453 15.50 % 62,500 6.00 % 82,031 7.875 % 83,333 8.00 % Tier 1 leverage 161,453 13.56 % 47,626 4.00 % 47,626 4.000 % 59,533 5.00 % Tier 1 common equity 139,258 13.37 % 46,875 4.50 % 66,406 6.375 % 67,708 6.50 % Parke Bank: Total risk-based capital $ 171,118 16.43 % $ 83,333 8.00 % $ 102,864 9.875 % $ 104,166 10.00 % Tier 1 risk-based capital 158,051 15.17 % 62,500 6.00 % 82,031 7.875 % 83,333 8.00 % Tier 1 leverage 158,051 13.27 % 47,626 4.00 % 47,626 4.000 % 59,533 5.00 % Tier 1 common equity 158,051 15.17 % 46,875 4.50 % 66,406 6.375 % 67,708 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	6 Months Ended
	Jun. 30, 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 Letter of Credit ("MLOC"), of $40.0 million . The MLOC will be used to pledge against public deposits and expires on March 1, 2019.

EQUITY AND CHANGES IN OTHER COM

EQUITY AND CHANGES IN OTHER COMPREHENSIVE INCOME (LOSS)	6 Months Ended
	Jun. 30, 2018
Equity [Abstract]
EQUITY AND CHANGES IN OTHER COMPREHENSIVE INCOME (LOSS)	EQUITY AND CHANGES IN OTHER COMPREHENSIVE INCOME (LOSS) The Company's total equity was $144.6 million and $134.8 million at June 30, 2018 and December 31, 2017, respectively. Common stock dividend : On March 20, 2018, the Company declared a quarterly cash dividend of $0.12 per share to the common shareholders of record as of April 13, 2018 and paid the dividend on April 27, 2018. On June 26, 2018 , the Company declared a cash dividend $0.14 per share for the second quarter 2018 to the common shareholders of record as of July 13, 2018 . The dividend was paid on July 27, 2018 . Stock dividend: On April 17, 2018, the Company declared an 11 for 10 stock split to shareholders of record as of May 5, 2018. The stock split was accounted for as stock dividend and was paid on May 18, 2018. Conversion of preferred stock : During the first six months of 2018, preferred stock holders converted 6,776 shares of preferred shares into 847,023 shares of common shares before considering the effect of the stock dividend. Non-controlling interests : The Company has a joint venture with another party in PDL LLC, a joint venture formed in 2018 to originate short-term alternative real estate loan products. The Company has a 51% ownership interest in the joint venture. During the six months ended June 30, 2018, the other party made a $1.2 million capital contribution to PDL. The changes in accumulated other comprehensive income (loss) consisted of the following for the three months and six months ended June 30, 2018 and 2017: For the Three Months Ended 2018 2017 (amounts in thousands) Investment securities: Non-credit related net unrealized gains (losses) on OTTI securities $ — $ 8 Unrealized gains (losses) on non-OTTI securities (194 ) 144 Tax impact on unrealized gain (loss) 47 (61 ) Reclassification of stranded tax effects (27 ) — Other comprehensive income (loss) $ (174 ) $ 91 For the Six Months Ended 2018 2017 (amounts in thousands) Investment securities: Non-credit related net unrealized gains (losses) on OTTI securities $ — $ 18 Unrealized gains (losses) on non-OTTI securities (844 ) 211 Tax impact on unrealized gain (loss) 204 (91 ) Reclassification of stranded tax effects (27 ) — Other comprehensive income (loss) $ (667 ) $ 138

FAIR VALUE

FAIR VALUE	6 Months Ended
	Jun. 30, 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 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. Fair value is a market-based measurement, not an entity-specific measurement. 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 on a recurring basis. 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 and Loan Available for Sale: Where quoted prices are available in an active market, securities or other assets are classified in Level 1 of the valuation hierarchy. If quoted market prices are not available for the specific security or available for sale loans, 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. For the available for sale (“AFS”) loans, the fair value represents the face value of the guaranteed portion of the SBA loans pending settlement. Securities and loans in Level 2 include mortgage-backed securities, corporate debt obligations, collateralized mortgage-backed securities, and SBA loans available for sale. 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) Investment securities and loan available for sale As of June 30, 2018 Corporate debt obligations $ — $ 1,028 $ — $ 1,028 Residential mortgage-backed securities — 33,133 — 33,133 Collateralized mortgage-backed securities — 74 — 74 SBA loans available for sale — 1,839 — 1,839 Total $ — $ 36,074 $ — $ 36,074 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 SBA loans available for sale — 1,541 — 1,541 Total $ — $ 39,532 $ — $ 39,532 For the six months ended June 30, 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 and six months ended June 30, 2018 and 2017 Investment Securities and Loan Available for Sale Three months ended June 30, 2018 June 30, 2017 (amounts in thousands) Beginning balance $ — $ 428 Total net losses included in: Settlements — (7 ) Ending balance $ — $ 421 Investment Securities and Loan Available for Sale Six months ended June 30, 2018 June 30, 2017 (amounts in thousands) Beginning balance $ — $ 437 Total net losses included in: Settlements — (16 ) Ending balance $ — $ 421 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 June 30, 2018 Collateral-dependent impaired loans $ — $ — $ 7,553 $ 7,553 OREO — — 6,158 6,158 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 $7.6 million and $9.1 million at June 30, 2018 and December 31, 2017 respectively, with a valuation allowance of $87,000 and $458,000 at June 30, 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 that 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. Investment Securities: Fair value of securities available for sale is described above. Fair value of held to maturity securities is based upon quoted market prices for identical or similar assets. Loans Held for Sale: Fair value represents the face value of the guaranteed portion of SBA loans pending settlement. Loan Receivables. For residential mortgages loans, fair value is estimated using the quoted market prices for securities backed by similar loans, adjusted for differences in loan characteristics. The fair value of other types of loans is estimated by discounting the future cash flows using the risk adjusting current interest rates at which similar loans would be made to borrowers with similar credit ratings and same remaining maturities, adjusted for the liquidity discount and underwriting uncertainty. Deposits: The fair value of time deposits is based on the discounted value of contractual cash flows, where the discount rate is estimated using the market rates currently offered for deposits of similar remaining maturities. Borrowings: The fair values of FHLBNY borrowings, other borrowed funds and subordinated debt are based on the discounted value of estimated cash flows. The discounted rate is estimated using market rates currently offered for debts with similar credit rating, terms and remaining maturities. For a further discussion of the Company’s valuation methodologies for financial instrument measured at fair value, see the descriptions in the Company's 2017 Annual Report included in its Annual Report on Form 10-K. The following table summarizes the carrying amounts and fair values for financial instruments at June 30, 2018 and December 31, 2017 : June 30, 2018 Carrying Amount Fair Value Total Level 1 Level 2 Level 3 (amounts in thousands) Financial Assets: Cash and cash equivalents $ 110,211 $ 110,211 $ 110,211 $ — $ — Investment securities AFS 34,235 34,235 — 34,235 — Investment securities HTM 1,086 1,258 — 1,258 — Restricted stock 5.858 5,858 — 5,858 — Loans held for sale 1.839 1,839 — 1,839 — Loans, net 1,083,970 1,069,310 — 1,046,116 23,194 Accrued interest receivable 4,271 4,271 — 4,271 — Financial Liabilities: Non-time deposits 583,741 583,741 — 583,741 — Time deposits 434,155 435,684 — 435,684 — Borrowings 118,053 117,967 — 117,967 — Accrued interest payable 1,116 1,116 — 1,116 — December 31, 2017 Carrying Amount Fair Value Total Level 1 Level 2 Level 3 (amounts in thousands) Financial Assets: Cash and cash equivalents $ 42,113 $ 42,113 $ 42,113 $ — $ — Investment securities AFS 37,991 37,991 — 37,991 — Investment securities HTM 2,268 2,468 — 2,468 — Restricted stock 6,172 6,172 — 6,172 — Loans held for sale 1,541 1,541 — 1,541 — Loans, net 995,184 1,001,655 — 976,660 24,995 Accrued interest receivable 4,025 4,025 — 4,025 — Financial Liabilities: Non-time deposits $ 498,522 $ 498,522 $ — $ 498,522 $ — Time deposits 367,861 368,863 — 368,863 — Borrowings 128,053 127,552 — 127,552 — Accrued interest payable 719 719 — 719 —

EARNINGS PER SHARE ("EPS")

EARNINGS PER SHARE ("EPS")	6 Months Ended
	Jun. 30, 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 and six -month periods ended June 30, 2018 and 2017 . Three months ended June 30, Six months ended June 30, 2018 2017 2018 2017 (in thousands except share and per share data) Basic earnings per share Net income $ 6,111 $ 3,699 $ 11,871 $ 7,159 Less: Dividend on series B preferred stock 168 297 407 596 Net income attributable to common shares $ 5,943 $ 3,402 $ 11,464 $ 6,563 Basic weighted-average common shares outstanding 9,044,159 8,335,041 8,933,820 8,328,093 Basic earnings per common share $ 0.66 $ 0.41 $ 1.28 $ 0.79 Diluted earnings per share Net income attributable to common shares $ 5,943 $ 3,402 $ 11,464 $ 6,563 Add: Dividend on series B preferred stock 168 297 407 596 Net income attributable to diluted common shares $ 6,111 $ 3,699 $ 11,871 $ 7,159 Basic weighted-average common shares outstanding 9,044,159 8,335,041 8,933,820 8,328,093 Dilutive potential common shares 1,864,971 2,578,186 1,975,474 2,573,872 Diluted weighted-average common shares outstanding 10,909,130 10,913,227 10,909,294 10,901,965 Diluted earnings per common share $ 0.56 $ 0.34 $ 1.09 $ 0.66 All share and per share information has been adjusted for the 10% stock dividend effective on May 18, 2018.

SUBSEQUENT EVENTS

SUBSEQUENT EVENTS	6 Months Ended
	Jun. 30, 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 June 30, 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.

SUMMARY OF SIGNIFICANT ACCOUN19

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	6 Months Ended
	Jun. 30, 2018
Accounting Policies [Abstract]
Basis of Financial Statement Presentation	Basis of Financial Statement Presentation: We prepared our consolidated financial statements in accordance with accounting principles generally accepted in the United States of America (GAAP). The accompanying consolidated financial statements include the accounts of the Company, its wholly-owned subsidiary the Bank, and certain partnership interests. 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. We have eliminated inter-company balances and transactions. We have also reclassified certain prior year amounts to conform to the current year presentation, which did not have a material impact on our consolidated financial condition or results of operations. 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 and six months ended June 30, 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 and six months ended June 30, 2018 are not necessarily indicative of the results for the full year.
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, 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 early adopted the ASU in the second quarter of 2018. The reclassification of the cumulative-effect of $27,000 from accumulated other comprehensive income to retained earnings was immaterial to our 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. Also, the ASU requires separate presentation of financial assets and financial liabilities by measurement category and form of financial asset on the balance sheet or in the accompanying notes to the financial statements. 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's 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. In June 2018, the FASB issued ASU 2018-07, Compensation-Stock Compensation (Topic 718) - Improvements to Nonemployee Share-Based Payment Accounting, which expands the scope of Topic 718 to include share based payment transactions for acquiring goods and services from nonemployees. An entity should apply the requirements of Topic 718 to nonemployee awards except for specific guidance on inputs to an option pricing model and the attribution of cost. The amendments specify that Topic 718 applies to all share-based payment transactions in which a grantor acquires goods or services to be used or consumed in a grantor’s own operations by issuing share-based payment awards. The ASU is effective for public business entities for fiscal years beginning after December 15, 2018. The Company does not expect the amendments will have any material impact on our consolidated financial statements.

INVESTMENT SECURITIES (Tables)

INVESTMENT SECURITIES (Tables)	6 Months Ended
	Jun. 30, 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 June 30, 2018 and December 31, 2017 : As of June 30, 2018 Amortized cost Gross unrealized gains Gross unrealized losses Fair value (amounts in thousands) Available for sale: Corporate debt obligations $ 1,000 $ 28 $ — $ 1,028 Residential mortgage-backed securities 34,213 62 1,142 33,133 Collateralized mortgage obligations 73 1 — 74 Total available for sale $ 35,286 $ 91 $ 1,142 $ 34,235 Held to maturity: States and political subdivisions $ 1,086 $ 172 $ — $ 1,258 As of December 31, 2017 Amortized cost Gross unrealized gains Gross unrealized losses 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 June 30, 2018 are as follows: Amortized Cost Fair Value (amounts in thousands) Available for sale: Due within one year $ 6 $ 6 Due after one year through five years 349 331 Due after five years through ten years 8,537 8,224 Due after ten years 26,394 25,674 Total available for sale $ 35,286 $ 34,235 Held to maturity: Due within one year $ — $ — Due after one year through five years — — Due after five years through ten years 1,086 1,258 Due after ten years — — Total held to maturity $ 1,086 $ 1,258
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 which are aggregated by investment category and length of time that individual securities have been in a continuous unrealized loss position at June 30, 2018 and December 31, 2017 : As of June 30, 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 $ 18,472 $ 412 $ 13,426 $ 730 $ 31,898 $ 1,142 Total available for sale $ 18,472 $ 412 $ 13,426 $ 730 $ 31,898 $ 1,142 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)	6 Months Ended
	Jun. 30, 2018
Receivables [Abstract]
Portfolio of Loans Outstanding	The portfolios of loans receivable at June 30, 2018 and December 31, 2017, consist of the following: June 30, 2018 December 31, 2017 Amount Amount (amounts in thousands) Commercial and Industrial $ 27,833 $ 38,972 Construction 130,383 95,625 Real Estate Mortgage: Commercial – Owner Occupied 130,313 126,250 Commercial – Non-owner Occupied 272,277 270,472 Residential – 1 to 4 Family 475,702 416,317 Residential – Multifamily 49,349 47,832 Consumer 15,386 16,249 Total Loans $ 1,101,243 $ 1,011,717
Age Analysis of Past Due Loans by Class	An age analysis of past due loans by class at June 30, 2018 and December 31, 2017 as follows: June 30, 2018 30-59 60-89 Greater Total Past Current Total Loans > 90 Days and Accruing (amounts in thousands) Commercial and Industrial $ — $ — $ 15 $ 15 $ 27,818 $ 27,833 $ — Construction — — 1,365 1,365 129,018 130,383 — Real Estate Mortgage: Commercial – Owner Occupied — — 150 150 130,163 130,313 — Commercial – Non-owner Occupied — — 277 277 272,000 272,277 — Residential – 1 to 4 Family 504 1,419 1,923 473,779 475,702 — Residential – Multifamily — — — — 49,349 49,349 — Consumer 112 — — 112 15,274 15,386 — Total Loans $ 112 $ 504 $ 3,226 $ 3,842 $ 1,097,401 $ 1,101,243 $ — December 31, 2017 30-59 60-89 Greater Total Past Current Total Loans > 90 Days and Accruing (amounts in thousands) Commercial and Industrial $ — $ — $ 17 $ 17 $ 38,955 $ 38,972 $ — Construction — — 1,392 1,392 94,233 95,625 — 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 $ —
Analysis of Allowance for Loan Losses	The following tables present the information regarding the allowance for loan and lease losses and associated loan data: Real Estate Mortgage Commercial and Industrial Construction Commercial Owner Occupied Commercial Non-owner Occupied Residential 1 to 4 Family Residential Multifamily Consumer Total Allowance for loan losses (amounts in thousands) Three months ended June 30, 2018 March 31, 2018 $ 555 $ 2,227 $ 1,991 $ 4,781 $ 6,644 $ 648 $ 235 17,081 Charge-offs — (27 ) — (49 ) — — (1 ) (77 ) Recoveries 10 — 5 50 4 — — 69 Provisions (26 ) (202 ) (35 ) 478 18 (29 ) (4 ) 200 Ending Balance at June 30, 2018 $ 539 $ 1,998 $ 1,961 $ 5,260 $ 6,666 $ 619 $ 230 $ 17,273 Allowance for loan losses Six months ended June 30, 2018 December 31, 2017 $ 684 $ 2,068 $ 2,017 $ 4,630 $ 6,277 $ 627 $ 230 16,533 Charge-offs — (27 ) — (49 ) — — (18 ) (94 ) Recoveries 30 — 141 55 8 — — 234 Provisions (175 ) (43 ) (197 ) 624 381 (8 ) 18 600 Ending Balance at June 30, 2018 $ 539 $ 1,998 $ 1,961 $ 5,260 $ 6,666 $ 619 $ 230 $ 17,273 Allowance for loan losses Individually evaluated for impairment $ 15 $ 73 $ 51 $ 196 $ 14 $ — $ — $ 349 Collectively evaluated for impairment 524 1,925 1,910 5,064 6,652 619 230 16,924 Balance at June 30, 2018 $ 539 $ 1,998 $ 1,961 $ 5,260 $ 6,666 $ 619 $ 230 $ 17,273 Loans Individually evaluated for impairment $ 15 $ 5,780 $ 3,609 $ 11,829 $ 2,310 $ — $ — $ 23,543 Collectively evaluated for impairment 27,818 124,603 126,704 260,448 473,392 49,349 15,386 1,077,700 Balance at June 30, 2018 $ 27,833 $ 130,383 $ 130,313 $ 272,277 $ 475,702 $ 49,349 $ 15,386 $ 1,101,243 Real Estate Mortgage Commercial and Industrial Construction Commercial Owner Occupied Commercial Non-owner Occupied Residential 1 to 4 Family Residential Multifamily Consumer Total Allowance for loan losses (amounts in thousands) Three months ended June 30, 2017 March 31, 2017 $ 1,165 $ 2,169 $ 1,869 $ 4,240 $ 5,136 $ 662 $ 234 15,475 Charge-offs — — — — — — — — Recoveries 8 — 69 5 2 — — 84 Provisions 29 89 (103 ) 670 284 37 (6 ) 1,000 Ending Balance at June 30, 2017 $ 1,202 $ 2,258 $ 1,835 $ 4,915 $ 5,422 $ 699 $ 228 $ 16,559 Allowance for loan losses Six months ended June 30, 2017 December 31, 2016 $ 1,188 $ 2,764 $ 2,082 $ 3,889 $4,916 $ 505 $ 236 $ 15,580 Charge-offs (134 ) — (430 ) — (118 ) — — (682 ) Recoveries 42 — 69 45 5 — — 161 Provisions 106 (506 ) 114 981 619 194 (8 ) 1,500 Ending Balance at June 30, 2017 $ 1,202 $ 2,258 $ 1,835 $ 4,915 $ 5,422 $ 699 $ 228 $ 16,559 Allowance for loan losses Individually evaluated for impairment $ — $ 810 $ 57 $ 906 $ 212 $ 50 $ — $ 2,035 Collectively evaluated for impairment 1,202 1,448 1,778 4,009 5,210 649 228 14,524 Balance at June 30, 2017 $ 1,202 $ 2,258 $ 1,835 $ 4,915 $ 5,422 $ 699 $ 228 $ 16,559 Loans Individually evaluated for impairment $ 19 $ 7,182 $ 3,971 $ 17,280 $ 4,124 $ 50 $ 90 $ 32,716 Collectively evaluated for impairment 27,078 70,793 118,083 266,116 346,321 51,411 16,072 895,874 Balance at June 30, 2017 $ 27,097 $ 77,975 $ 122,054 $ 283,396 $ 350,445 $ 51,461 $ 16,162 $ 928,590
Impaired Loans	The following tables provide further detail on impaired loans and the associated ALLL at June 30, 2018 and December 31, 2017 : June 30, 2018 Recorded Investment Unpaid Principal Balance Related Allowance (amounts in thousands) With no related allowance recorded: Commercial and Industrial $ — $ — $ — Construction — — — Real Estate Mortgage: Commercial – Owner Occupied 150 150 — Commercial – Non-owner Occupied 277 277 — Residential – 1 to 4 Family 1,419 1,419 — Residential – Multifamily — — — Consumer — — — 1,846 1,846 — With an allowance recorded: Commercial and Industrial 15 20 15 Construction 5,780 10,269 73 Real Estate Mortgage: Commercial – Owner Occupied 3,459 3,489 51 Commercial – Non-owner Occupied 11,552 11,552 196 Residential – 1 to 4 Family 891 891 14 Residential – Multifamily — — — Consumer — — — 21,697 26,221 349 Total: Commercial and Industrial 15 20 15 Construction 5,780 10,269 73 Real Estate Mortgage: Commercial – Owner Occupied 3,609 3,639 51 Commercial – Non-owner Occupied 11,829 11,829 196 Residential – 1 to 4 Family 2,310 2,310 14 Residential – Multifamily — — — Consumer — — — $ 23,543 $ 28,067 $ 349 December 31, 2017 Recorded Investment Unpaid Principal Balance Related Allowance (amounts in thousands) With no related allowance recorded: Commercial and Industrial $ 17 $ 21 $ — Construction 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 — — — Construction 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 — Construction 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 and six months ended June 30, 2018 and 2017 : Three Months Ended June 30, 2018 2017 Average Recorded Investment Interest Income Recognized Average Recorded Investment Interest Income Recognized (amounts in thousands) Commercial and Industrial $ 16 $ 1 $ 23 $ — Construction 5,839 49 9,158 51 Real Estate Mortgage: Commercial – Owner Occupied 3,654 48 4,024 40 Commercial – Non-owner Occupied 11,917 148 18,483 155 Residential – 1 to 4 Family 2,750 13 4,179 22 Residential – Multifamily — — 180 — Consumer — — 90 1 Total $ 24,176 $ 259 $ 36,137 $ 269 Six Months Ended June 30, 2018 2017 Average Recorded Investment Interest Income Recognized Average Recorded Investment Interest Income Recognized (amounts in thousands) Commercial and Industrial $ 16 $ 1 $ 23 $ 1 Construction 5,876 97 8,535 102 Real Estate Mortgage: Commercial – Owner Occupied 3,699 96 4,054 97 Commercial – Non-owner Occupied 12,078 296 18,248 328 Residential – 1 to 4 Family 2,903 27 4,185 42 Residential – Multifamily — — 223 — Consumer 27 — 90 2 Total $ 24,599 $ 517 $ 35,358 $ 572
Analysis of Credit Risk Profile by Internally Assigned Grades	An analysis of the credit risk profile by internally assigned grades as of June 30, 2018 and December 31, 2017 is as follows: At June 30, 2018 Pass OAEM Substandard Doubtful Total (amounts in thousands) Commercial and Industrial $ 27,748 $ 85 $ — $ — $ 27,833 Construction 116,207 6,185 7,991 — 130,383 Real Estate Mortgage: Commercial – Owner Occupied 127,709 2,454 150 — 130,313 Commercial – Non-owner Occupied 271,863 — 414 — 272,277 Residential – 1 to 4 Family 473,379 775 1,548 — 475,702 Residential – Multifamily 49,349 — — — 49,349 Consumer 15,370 16 — — 15,386 Total $ 1,081,625 $ 9,515 $ 10,103 $ — $ 1,101,243 At December 31, 2017 Pass OAEM Substandard Doubtful Total (amounts in thousands) Commercial and Industrial $ 38,875 $ 97 $ — $ — $ 38,972 Construction 82,351 5,056 8,218 — 95,625 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

REGULATORY MATTERS (Tables)

REGULATORY MATTERS (Tables)	6 Months Ended
	Jun. 30, 2018
Banking and Thrift [Abstract]
Quantitative Measures Established by Regulation to Ensure Capital Adequacy Minimum Amounts and Ratios	As of June 30, 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 Capital Compliance As of June 30, 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 $ 174,520 16.75 % $ 83,333 8.00 % $ 102,864 9.875 % $ 104,166 10.00 % Tier 1 risk-based capital 161,453 15.50 % 62,500 6.00 % 82,031 7.875 % 83,333 8.00 % Tier 1 leverage 161,453 13.56 % 47,626 4.00 % 47,626 4.000 % 59,533 5.00 % Tier 1 common equity 139,258 13.37 % 46,875 4.50 % 66,406 6.375 % 67,708 6.50 % Parke Bank: Total risk-based capital $ 171,118 16.43 % $ 83,333 8.00 % $ 102,864 9.875 % $ 104,166 10.00 % Tier 1 risk-based capital 158,051 15.17 % 62,500 6.00 % 82,031 7.875 % 83,333 8.00 % Tier 1 leverage 158,051 13.27 % 47,626 4.00 % 47,626 4.000 % 59,533 5.00 % Tier 1 common equity 158,051 15.17 % 46,875 4.50 % 66,406 6.375 % 67,708 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).

EQUITY AND CHANGES IN OTHER C23

EQUITY AND CHANGES IN OTHER COMPREHENSIVE INCOME (LOSS) (Tables)	6 Months Ended
	Jun. 30, 2018
Equity [Abstract]
Accumulated Other Comprehensive Income	The changes in accumulated other comprehensive income (loss) consisted of the following for the three months and six months ended June 30, 2018 and 2017: For the Three Months Ended 2018 2017 (amounts in thousands) Investment securities: Non-credit related net unrealized gains (losses) on OTTI securities $ — $ 8 Unrealized gains (losses) on non-OTTI securities (194 ) 144 Tax impact on unrealized gain (loss) 47 (61 ) Reclassification of stranded tax effects (27 ) — Other comprehensive income (loss) $ (174 ) $ 91 For the Six Months Ended 2018 2017 (amounts in thousands) Investment securities: Non-credit related net unrealized gains (losses) on OTTI securities $ — $ 18 Unrealized gains (losses) on non-OTTI securities (844 ) 211 Tax impact on unrealized gain (loss) 204 (91 ) Reclassification of stranded tax effects (27 ) — Other comprehensive income (loss) $ (667 ) $ 138

FAIR VALUE (Tables)

FAIR VALUE (Tables)	6 Months Ended
	Jun. 30, 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) Investment securities and loan available for sale As of June 30, 2018 Corporate debt obligations $ — $ 1,028 $ — $ 1,028 Residential mortgage-backed securities — 33,133 — 33,133 Collateralized mortgage-backed securities — 74 — 74 SBA loans available for sale — 1,839 — 1,839 Total $ — $ 36,074 $ — $ 36,074 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 SBA loans available for sale — 1,541 — 1,541 Total $ — $ 39,532 $ — $ 39,532
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 and six months ended June 30, 2018 and 2017 Investment Securities and Loan Available for Sale Three months ended June 30, 2018 June 30, 2017 (amounts in thousands) Beginning balance $ — $ 428 Total net losses included in: Settlements — (7 ) Ending balance $ — $ 421 Investment Securities and Loan Available for Sale Six months ended June 30, 2018 June 30, 2017 (amounts in thousands) Beginning balance $ — $ 437 Total net losses included in: Settlements — (16 ) Ending balance $ — $ 421
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 June 30, 2018 Collateral-dependent impaired loans $ — $ — $ 7,553 $ 7,553 OREO — — 6,158 6,158 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 June 30, 2018 and December 31, 2017 : June 30, 2018 Carrying Amount Fair Value Total Level 1 Level 2 Level 3 (amounts in thousands) Financial Assets: Cash and cash equivalents $ 110,211 $ 110,211 $ 110,211 $ — $ — Investment securities AFS 34,235 34,235 — 34,235 — Investment securities HTM 1,086 1,258 — 1,258 — Restricted stock 5.858 5,858 — 5,858 — Loans held for sale 1.839 1,839 — 1,839 — Loans, net 1,083,970 1,069,310 — 1,046,116 23,194 Accrued interest receivable 4,271 4,271 — 4,271 — Financial Liabilities: Non-time deposits 583,741 583,741 — 583,741 — Time deposits 434,155 435,684 — 435,684 — Borrowings 118,053 117,967 — 117,967 — Accrued interest payable 1,116 1,116 — 1,116 — December 31, 2017 Carrying Amount Fair Value Total Level 1 Level 2 Level 3 (amounts in thousands) Financial Assets: Cash and cash equivalents $ 42,113 $ 42,113 $ 42,113 $ — $ — Investment securities AFS 37,991 37,991 — 37,991 — Investment securities HTM 2,268 2,468 — 2,468 — Restricted stock 6,172 6,172 — 6,172 — Loans held for sale 1,541 1,541 — 1,541 — Loans, net 995,184 1,001,655 — 976,660 24,995 Accrued interest receivable 4,025 4,025 — 4,025 — Financial Liabilities: Non-time deposits $ 498,522 $ 498,522 $ — $ 498,522 $ — Time deposits 367,861 368,863 — 368,863 — Borrowings 128,053 127,552 — 127,552 — Accrued interest payable 719 719 — 719 —

EARNINGS PER SHARE ("EPS") (Tab

EARNINGS PER SHARE ("EPS") (Tables)	6 Months Ended
	Jun. 30, 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 and six -month periods ended June 30, 2018 and 2017 . Three months ended June 30, Six months ended June 30, 2018 2017 2018 2017 (in thousands except share and per share data) Basic earnings per share Net income $ 6,111 $ 3,699 $ 11,871 $ 7,159 Less: Dividend on series B preferred stock 168 297 407 596 Net income attributable to common shares $ 5,943 $ 3,402 $ 11,464 $ 6,563 Basic weighted-average common shares outstanding 9,044,159 8,335,041 8,933,820 8,328,093 Basic earnings per common share $ 0.66 $ 0.41 $ 1.28 $ 0.79 Diluted earnings per share Net income attributable to common shares $ 5,943 $ 3,402 $ 11,464 $ 6,563 Add: Dividend on series B preferred stock 168 297 407 596 Net income attributable to diluted common shares $ 6,111 $ 3,699 $ 11,871 $ 7,159 Basic weighted-average common shares outstanding 9,044,159 8,335,041 8,933,820 8,328,093 Dilutive potential common shares 1,864,971 2,578,186 1,975,474 2,573,872 Diluted weighted-average common shares outstanding 10,909,130 10,913,227 10,909,294 10,901,965 Diluted earnings per common share $ 0.56 $ 0.34 $ 1.09 $ 0.66

ORGANIZATION (Details)

ORGANIZATION (Details)	6 Months Ended
	Jun. 30, 2018branch
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Date of commencement of operations	Jan. 28, 1999
Number of additional branch office locations	7

SUMMARY OF SIGNIFICANT ACCOUN27

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details) $ in Thousands	3 Months Ended
	Jun. 30, 2018USD ($)
Accounting Standards Update 2018-02
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Cumulative effect on retained earnings	$ 27

INVESTMENT SECURITIES - Summary

INVESTMENT SECURITIES - Summary of Investments (Details)	Jun. 30, 2018USD ($)security	Mar. 01, 2018USD ($)	Dec. 31, 2017USD ($)security
Available for sale:
Amortized cost	$ 35,286,000		$ 38,198,000
Gross unrealized gains	91,000		229,000
Gross unrealized losses	1,142,000		436,000
Fair value	34,235,000		37,991,000
Held to maturity:
Amortized cost	1,086,000		2,268,000
Fair value	1,258,000		2,468,000
Fair value of securities pledged to secure public deposits			32,500,000
Available-for-sale [Abstract]
Less Than 12 Months, Fair Value	18,472,000		2,729,000
12 Months or Greater, Fair value	13,426,000		15,117,000
Total, Fair Value	31,898,000		17,846,000
Less Than 12 Months, Unrealized Losses	412,000		16,000
12 Months or Greater, Unrealized Losses	730,000		420,000
Total, Unrealized Losses	1,142,000		436,000
States and political subdivisions
Held to maturity:
Amortized cost	1,086,000		2,268,000
Gross unrealized gains	172,000		200,000
Gross unrealized losses	0		0
Fair value	1,258,000		2,468,000
Corporate debt obligations
Available for sale:
Amortized cost	1,000,000		1,000,000
Gross unrealized gains	28,000		33,000
Gross unrealized losses	0		0
Fair value	1,028,000		1,033,000
Residential mortgage-backed securities
Available for sale:
Amortized cost	34,213,000		37,105,000
Gross unrealized gains	62,000		194,000
Gross unrealized losses	1,142,000		436,000
Fair value	33,133,000		36,863,000
Available-for-sale [Abstract]
Less Than 12 Months, Fair Value	18,472,000		2,729,000
12 Months or Greater, Fair value	13,426,000		15,117,000
Total, Fair Value	31,898,000		17,846,000
Less Than 12 Months, Unrealized Losses	412,000		16,000
12 Months or Greater, Unrealized Losses	730,000		420,000
Total, Unrealized Losses	$ 1,142,000		$ 436,000
Collateralized Debt Obligations [Abstract]
Number of securities issued | security	15		11
Collateralized mortgage obligations
Available for sale:
Amortized cost	$ 73,000		$ 93,000
Gross unrealized gains	1,000		2,000
Gross unrealized losses	0		0
Fair value	74,000		$ 95,000
Line of Credit
Held to maturity:
Line of credit facility, maximum borrowing capacity	$ 40,000,000	$ 40,000,000

INVESTMENT SECURITIES - Amortiz

INVESTMENT SECURITIES - Amortized Cost and Fair Value of Debt Securities (Details) - USD ($) $ in Thousands	Jun. 30, 2018	Dec. 31, 2017
Amortized Cost
Due within one year	$ 6
Due after one year through five years	349
Due after five years through ten years	8,537
Due after ten years	26,394
Total available for sale	35,286
Fair Value
Due within one year	6
Due after one year through five years	331
Due after five years through ten years	8,224
Due after ten years	25,674
Total available for sale	34,235	$ 37,991
Amortized Cost
Due within one year	0
Due after one year through five years	0
Due after five years through ten years	1,086
Due after ten years	0
Amortized cost	1,086	2,268
Fair Value
Due within one year	0
Due after one year through five years	0
Due after five years through ten years	1,258
Due after ten years	0
Total held to maturity	$ 1,258	$ 2,468

LOANS AND ALLOWANCE FOR LOAN 30

LOANS AND ALLOWANCE FOR LOAN LOSSES - Portfolio of Loans Outstanding (Details) - USD ($) $ in Thousands	Jun. 30, 2018	Dec. 31, 2017	Jun. 30, 2017
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans outstanding	$ 1,100,000
Loans held for sale	1,839	$ 1,541
Portfolio of loans outstanding [Abstract]
Loans Amount	1,101,243	1,011,717	$ 928,590
Commercial
Portfolio of loans outstanding [Abstract]
Loans Amount	27,833	38,972	27,097
Real Estate | Real Estate Construction
Portfolio of loans outstanding [Abstract]
Loans Amount	130,383		77,975
Real Estate | Real Estate Construction | Construction
Portfolio of loans outstanding [Abstract]
Loans Amount	130,383	95,625
Real Estate | Real Estate Mortgage | Commercial – Owner Occupied
Portfolio of loans outstanding [Abstract]
Loans Amount	130,313	126,250	122,054
Real Estate | Real Estate Mortgage | Commercial – Non-owner Occupied
Portfolio of loans outstanding [Abstract]
Loans Amount	272,277	270,472	283,396
Real Estate | Real Estate Mortgage | Residential – 1 to 4 Family
Portfolio of loans outstanding [Abstract]
Loans Amount	475,702	416,317	350,445
Real Estate | Real Estate Mortgage | Residential – Multifamily
Portfolio of loans outstanding [Abstract]
Loans Amount	49,349	47,832	51,461
Consumer
Portfolio of loans outstanding [Abstract]
Loans Amount	$ 15,386	$ 16,249	$ 16,162

LOANS AND ALLOWANCE FOR LOAN 31

LOANS AND ALLOWANCE FOR LOAN LOSSES - Nonaccrual and Past Due Loans (Details) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2018	Dec. 31, 2017	Jun. 30, 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	$ 3,842	$ 4,978
Current	1,097,401	1,006,739
Total Loans	1,101,243	1,011,717	$ 928,590
Loans 90 Days and Accruing	0	0
30-59 Days Past Due
Age analysis of past due loans by class [Abstract]
Total Past Due	112	92
60-89 Days Past Due
Age analysis of past due loans by class [Abstract]
Total Past Due	504	352
Greater than 90 Days and Not Accruing
Age analysis of past due loans by class [Abstract]
Total Past Due	3,226	4,534
Commercial
Age analysis of past due loans by class [Abstract]
Total Past Due	15	17
Current	27,818	38,955
Total Loans	27,833	38,972	27,097
Loans 90 Days and Accruing	0	0
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	15	17
Real Estate | Real Estate Construction
Age analysis of past due loans by class [Abstract]
Total Loans	130,383		77,975
Real Estate | Real Estate Construction | Construction
Age analysis of past due loans by class [Abstract]
Total Past Due	1,365	1,392
Current	129,018	94,233
Total Loans	130,383	95,625
Loans 90 Days and Accruing	0	0
Real Estate | Real Estate Construction | Construction | 30-59 Days Past Due
Age analysis of past due loans by class [Abstract]
Total Past Due	0	0
Real Estate | Real Estate Construction | Construction | 60-89 Days Past Due
Age analysis of past due loans by class [Abstract]
Total Past Due	0	0
Real Estate | Real Estate Construction | Construction | Greater than 90 Days and Not Accruing
Age analysis of past due loans by class [Abstract]
Total Past Due	1,365	1,392
Real Estate | Real Estate Mortgage | Commercial – Owner Occupied
Age analysis of past due loans by class [Abstract]
Total Past Due	150	155
Current	130,163	126,095
Total Loans	130,313	126,250	122,054
Loans 90 Days and Accruing	0	0
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	150	155
Real Estate | Real Estate Mortgage | Commercial – Non-owner Occupied
Age analysis of past due loans by class [Abstract]
Total Past Due	277	597
Current	272,000	269,875
Total Loans	272,277	270,472	283,396
Loans 90 Days and Accruing	0	0
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	277	597
Real Estate | Real Estate Mortgage | Residential – 1 to 4 Family
Age analysis of past due loans by class [Abstract]
Total Past Due	1,923	2,644
Current	473,779	413,673
Total Loans	475,702	416,317	350,445
Loans 90 Days and Accruing	0	0
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		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	504	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	1,419	2,292
Real Estate | Real Estate Mortgage | Residential – Multifamily
Age analysis of past due loans by class [Abstract]
Total Past Due	0	0
Current	49,349	47,832
Total Loans	49,349	47,832	51,461
Loans 90 Days and Accruing	0	0
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	112	173
Current	15,274	16,076
Total Loans	15,386	16,249	$ 16,162
Loans 90 Days and Accruing	0	0
Consumer | 30-59 Days Past Due
Age analysis of past due loans by class [Abstract]
Total Past Due	112	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 AND ALLOWANCE FOR LOAN 32

LOANS AND ALLOWANCE FOR LOAN LOSSES - Allowance for Credit Losses (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2018	Dec. 31, 2017	Jun. 30, 2017
Allowance for Loan Losses [Roll Forward]
Beginning Balance	$ 17,081	$ 15,475	$ 16,533	$ 15,580
Charge-offs	(77)	0	(94)	(682)
Recoveries	69	84	234	161
Provisions (Credits)	200	1,000	600	1,500
Ending Balance	17,273	16,559	17,273	16,559
Allowances for loan losses, Individually evaluated for impairment					$ 349		$ 2,035
Allowances for loan losses, Collectively evaluated for impairment					16,924		14,524
Allowance for loan losses	17,081	15,475	16,533	15,580	17,273	$ 16,533	16,559
Loans, Individually evaluated for impairment					23,543		32,716
Loans, Collectively evaluated for impairment					1,077,700		895,874
Total Loans					1,101,243	1,011,717	928,590
Commercial
Allowance for Loan Losses [Roll Forward]
Beginning Balance	555	1,165	684	1,188
Charge-offs	0	0	0	(134)
Recoveries	10	8	30	42
Provisions (Credits)	(26)	29	(175)	106
Ending Balance	539	1,202	539	1,202
Allowances for loan losses, Individually evaluated for impairment					15		0
Allowances for loan losses, Collectively evaluated for impairment					524		1,202
Allowance for loan losses	555	1,165	684	1,188	539	684	1,202
Loans, Individually evaluated for impairment					15		19
Loans, Collectively evaluated for impairment					27,818		27,078
Total Loans					27,833	38,972	27,097
Real Estate | Real Estate Construction
Allowance for Loan Losses [Roll Forward]
Beginning Balance	2,227	2,169	2,068	2,764
Charge-offs	(27)	0	(27)	0
Recoveries	0	0	0	0
Provisions (Credits)	(202)	89	(43)	(506)
Ending Balance	1,998	2,258	1,998	2,258
Allowances for loan losses, Individually evaluated for impairment					73		810
Allowances for loan losses, Collectively evaluated for impairment					1,925		1,448
Allowance for loan losses	2,227	2,169	2,068	2,764	1,998	2,068	2,258
Loans, Individually evaluated for impairment					5,780		7,182
Loans, Collectively evaluated for impairment					124,603		70,793
Total Loans					130,383		77,975
Real Estate | Real Estate Construction | Construction
Allowance for Loan Losses [Roll Forward]
Total Loans					130,383	95,625
Real Estate | Real Estate Mortgage | Commercial – Owner Occupied
Allowance for Loan Losses [Roll Forward]
Beginning Balance	1,991	1,869	2,017	2,082
Charge-offs	0	0	0	(430)
Recoveries	5	69	141	69
Provisions (Credits)	(35)	(103)	(197)	114
Ending Balance	1,961	1,835	1,961	1,835
Allowances for loan losses, Individually evaluated for impairment					51		57
Allowances for loan losses, Collectively evaluated for impairment					1,910		1,778
Allowance for loan losses	1,991	1,869	2,017	2,082	1,961	2,017	1,835
Loans, Individually evaluated for impairment					3,609		3,971
Loans, Collectively evaluated for impairment					126,704		118,083
Total Loans					130,313	126,250	122,054
Real Estate | Real Estate Mortgage | Commercial – Non-owner Occupied
Allowance for Loan Losses [Roll Forward]
Beginning Balance	4,781	4,240	4,630	3,889
Charge-offs	(49)	0	(49)	0
Recoveries	50	5	55	45
Provisions (Credits)	478	670	624	981
Ending Balance	5,260	4,915	5,260	4,915
Allowances for loan losses, Individually evaluated for impairment					196		906
Allowances for loan losses, Collectively evaluated for impairment					5,064		4,009
Allowance for loan losses	4,781	4,240	4,630	3,889	5,260	4,630	4,915
Loans, Individually evaluated for impairment					11,829		17,280
Loans, Collectively evaluated for impairment					260,448		266,116
Total Loans					272,277	270,472	283,396
Real Estate | Real Estate Mortgage | Residential – 1 to 4 Family
Allowance for Loan Losses [Roll Forward]
Beginning Balance	6,644	5,136	6,277	4,916
Charge-offs	0	0	0	(118)
Recoveries	4	2	8	5
Provisions (Credits)	18	284	381	619
Ending Balance	6,666	5,422	6,666	5,422
Allowances for loan losses, Individually evaluated for impairment					14		212
Allowances for loan losses, Collectively evaluated for impairment					6,652		5,210
Allowance for loan losses	6,644	5,136	6,277	4,916	6,666	6,277	5,422
Loans, Individually evaluated for impairment					2,310		4,124
Loans, Collectively evaluated for impairment					473,392		346,321
Total Loans					475,702	416,317	350,445
Real Estate | Real Estate Mortgage | Residential – Multifamily
Allowance for Loan Losses [Roll Forward]
Beginning Balance	648	662	627	505
Charge-offs	0	0	0	0
Recoveries	0	0	0	0
Provisions (Credits)	(29)	37	(8)	194
Ending Balance	619	699	619	699
Allowances for loan losses, Individually evaluated for impairment					0		50
Allowances for loan losses, Collectively evaluated for impairment					619		649
Allowance for loan losses	648	662	627	505	619	627	699
Loans, Individually evaluated for impairment					0		50
Loans, Collectively evaluated for impairment					49,349		51,411
Total Loans					49,349	47,832	51,461
Consumer
Allowance for Loan Losses [Roll Forward]
Beginning Balance	235	234	230	236
Charge-offs	(1)	0	(18)	0
Recoveries	0	0	0	0
Provisions (Credits)	(4)	(6)	18	(8)
Ending Balance	230	228	230	228
Allowances for loan losses, Individually evaluated for impairment					0		0
Allowances for loan losses, Collectively evaluated for impairment					230		228
Allowance for loan losses	$ 235	$ 234	$ 230	$ 236	230	230	228
Loans, Individually evaluated for impairment					0		90
Loans, Collectively evaluated for impairment					15,386		16,072
Total Loans					$ 15,386	$ 16,249	$ 16,162

LOANS AND ALLOWANCE FOR LOAN 33

LOANS AND ALLOWANCE FOR LOAN LOSSES - Impaired Loans and Troubled Debt Restructurings (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2018	Jun. 30, 2017	Dec. 31, 2017
Recorded Investment
With no related allowance recorded	$ 1,846		$ 1,846		$ 4,187
With an allowance recorded	21,697		21,697		21,265
Total recorded investment	23,543		23,543		25,452
Unpaid Principal Balance
With no related allowance recorded	1,846		1,846		8,744
With an allowance recorded	26,221		26,221		23,209
Total unpaid principal balance	28,067		28,067		31,953
Related Allowance
Total related allowance	349		349		458
Average recorded investment and interest income recognized [Abstract]
Average Recorded Investment	24,176	$ 36,137	24,599	$ 35,358
Interest Income Recognized	259	269	517	572
Commercial
Recorded Investment
With no related allowance recorded	0		0		17
With an allowance recorded	15		15		0
Total recorded investment	15		15		17
Unpaid Principal Balance
With no related allowance recorded	0		0		21
With an allowance recorded	20		20		0
Total unpaid principal balance	20		20		21
Related Allowance
Total related allowance	15		15		0
Average recorded investment and interest income recognized [Abstract]
Average Recorded Investment	16	23	16	23
Interest Income Recognized	1	0	1	1
Real Estate | Real Estate Construction | Construction
Recorded Investment
With no related allowance recorded	0		0		1,365
With an allowance recorded	5,780		5,780		4,587
Total recorded investment	5,780		5,780		5,952
Unpaid Principal Balance
With no related allowance recorded	0		0		5,856
With an allowance recorded	10,269		10,269		4,684
Total unpaid principal balance	10,269		10,269		10,540
Related Allowance
Total related allowance	73		73		135
Average recorded investment and interest income recognized [Abstract]
Average Recorded Investment	5,839	9,158	5,876	8,535
Interest Income Recognized	49	51	97	102
Real Estate | Real Estate Mortgage | Commercial – Owner Occupied
Recorded Investment
With no related allowance recorded	150		150		155
With an allowance recorded	3,459		3,459		3,635
Total recorded investment	3,609		3,609		3,790
Unpaid Principal Balance
With no related allowance recorded	150		150		155
With an allowance recorded	3,489		3,489		3,665
Total unpaid principal balance	3,639		3,639		3,820
Related Allowance
Total related allowance	51		51		58
Average recorded investment and interest income recognized [Abstract]
Average Recorded Investment	3,654	4,024	3,699	4,054
Interest Income Recognized	48	40	96	97
Real Estate | Real Estate Mortgage | Commercial – Non-owner Occupied
Recorded Investment
With no related allowance recorded	277		277		277
With an allowance recorded	11,552		11,552		12,124
Total recorded investment	11,829		11,829		12,401
Unpaid Principal Balance
With no related allowance recorded	277		277		277
With an allowance recorded	11,552		11,552		13,941
Total unpaid principal balance	11,829		11,829		14,218
Related Allowance
Total related allowance	196		196		250
Average recorded investment and interest income recognized [Abstract]
Average Recorded Investment	11,917	18,483	12,078	18,248
Interest Income Recognized	148	155	296	328
Real Estate | Real Estate Mortgage | Residential – 1 to 4 Family
Recorded Investment
With no related allowance recorded	1,419		1,419		2,292
With an allowance recorded	891		891		919
Total recorded investment	2,310		2,310		3,211
Unpaid Principal Balance
With no related allowance recorded	1,419		1,419		2,354
With an allowance recorded	891		891		919
Total unpaid principal balance	2,310		2,310		3,273
Related Allowance
Total related allowance	14		14		15
Average recorded investment and interest income recognized [Abstract]
Average Recorded Investment	2,750	4,179	2,903	4,185
Interest Income Recognized	13	22	27	42
Real Estate | Real Estate Mortgage | Residential – Multifamily
Recorded Investment
With no related allowance recorded	0		0		0
With an allowance recorded	0		0		0
Total recorded investment	0		0		0
Unpaid Principal Balance
With no related allowance recorded	0		0		0
With an allowance recorded	0		0		0
Total unpaid principal balance	0		0		0
Related Allowance
Total related allowance	0		0		0
Average recorded investment and interest income recognized [Abstract]
Average Recorded Investment	0	180	0	223
Interest Income Recognized	0	0	0	0
Consumer
Recorded Investment
With no related allowance recorded	0		0		81
With an allowance recorded	0		0		0
Total recorded investment	0		0		81
Unpaid Principal Balance
With no related allowance recorded	0		0		81
With an allowance recorded	0		0		0
Total unpaid principal balance	0		0		81
Related Allowance
Total related allowance	0		0		$ 0
Average recorded investment and interest income recognized [Abstract]
Average Recorded Investment	0	90	27	90
Interest Income Recognized	$ 0	$ 1	$ 0	$ 2

LOANS AND ALLOWANCE FOR LOAN 34

LOANS AND ALLOWANCE FOR LOAN LOSSES - Troubled Debt Restructuring (Details)	6 Months Ended
	Jun. 30, 2018USD ($)loan	Jun. 30, 2017loan	Dec. 31, 2017USD ($)
Receivables [Abstract]
Period of current payment history	6 months
Number of projected future quarters under review	1 year
TDR loans	$ 20,600,000		$ 21,200,000
Performing TDRs	20,300,000		20,900,000
Nonperforming TDRs	277,000		277,000
Allowances for performing TDRs	$ 329,000		457,000
Allowance for nonperforming TDRs			$ 0
Number of loans modified as TDRs | loan	0	0
Subsequent default, number of contracts | loan		0

LOANS AND ALLOWANCE FOR LOAN 35

LOANS AND ALLOWANCE FOR LOAN LOSSES - Credit Quality Indicators (Details) - USD ($) $ in Thousands	Jun. 30, 2018	Dec. 31, 2017	Jun. 30, 2017
Financing Receivable, Recorded Investment [Line Items]
Loans	$ 1,101,243	$ 1,011,717	$ 928,590
Pass
Financing Receivable, Recorded Investment [Line Items]
Loans	1,081,625	991,780
OAEM
Financing Receivable, Recorded Investment [Line Items]
Loans	9,515	8,317
Substandard
Financing Receivable, Recorded Investment [Line Items]
Loans	10,103	11,620
Doubtful
Financing Receivable, Recorded Investment [Line Items]
Loans	0	0
Commercial
Financing Receivable, Recorded Investment [Line Items]
Loans	27,833	38,972	27,097
Commercial | Pass
Financing Receivable, Recorded Investment [Line Items]
Loans	27,748	38,875
Commercial | OAEM
Financing Receivable, Recorded Investment [Line Items]
Loans	85	97
Commercial | Substandard
Financing Receivable, Recorded Investment [Line Items]
Loans	0	0
Commercial | Doubtful
Financing Receivable, Recorded Investment [Line Items]
Loans	0	0
Real Estate | Real Estate Construction
Financing Receivable, Recorded Investment [Line Items]
Loans	130,383		77,975
Consumer
Financing Receivable, Recorded Investment [Line Items]
Loans	15,386	16,249	16,162
Consumer | Pass
Financing Receivable, Recorded Investment [Line Items]
Loans	15,370	16,168
Consumer | OAEM
Financing Receivable, Recorded Investment [Line Items]
Loans	16	0
Consumer | Substandard
Financing Receivable, Recorded Investment [Line Items]
Loans	0	81
Consumer | Doubtful
Financing Receivable, Recorded Investment [Line Items]
Loans	0	0
Construction | Real Estate | Real Estate Construction
Financing Receivable, Recorded Investment [Line Items]
Loans	130,383	95,625
Construction | Real Estate | Pass | Real Estate Construction
Financing Receivable, Recorded Investment [Line Items]
Loans	116,207	82,351
Construction | Real Estate | OAEM | Real Estate Construction
Financing Receivable, Recorded Investment [Line Items]
Loans	6,185	5,056
Construction | Real Estate | Substandard | Real Estate Construction
Financing Receivable, Recorded Investment [Line Items]
Loans	7,991	8,218
Construction | 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	130,313	126,250	122,054
Commercial – Owner Occupied | Real Estate | Pass | Real Estate Mortgage
Financing Receivable, Recorded Investment [Line Items]
Loans	127,709	123,491
Commercial – Owner Occupied | Real Estate | OAEM | Real Estate Mortgage
Financing Receivable, Recorded Investment [Line Items]
Loans	2,454	2,604
Commercial – Owner Occupied | Real Estate | Substandard | Real Estate Mortgage
Financing Receivable, Recorded Investment [Line Items]
Loans	150	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	272,277	270,472	283,396
Commercial – Non-owner Occupied | Real Estate | Pass | Real Estate Mortgage
Financing Receivable, Recorded Investment [Line Items]
Loans	271,863	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	414	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	475,702	416,317	350,445
Residential – 1 to 4 Family | Real Estate | Pass | Real Estate Mortgage
Financing Receivable, Recorded Investment [Line Items]
Loans	473,379	413,327
Residential – 1 to 4 Family | Real Estate | OAEM | Real Estate Mortgage
Financing Receivable, Recorded Investment [Line Items]
Loans	775	560
Residential – 1 to 4 Family | Real Estate | Substandard | Real Estate Mortgage
Financing Receivable, Recorded Investment [Line Items]
Loans	1,548	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	49,349	47,832	$ 51,461
Residential – Multifamily | Real Estate | Pass | Real Estate Mortgage
Financing Receivable, Recorded Investment [Line Items]
Loans	49,349	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

TIME DEPOSITS (Details)

TIME DEPOSITS (Details) - USD ($) $ in Thousands	Jun. 30, 2018	Dec. 31, 2017
Banking and Thrift [Abstract]
Deposits	$ 1,017,896	$ 866,383
Time deposits, above FDIC insurance limit	$ 52,300	$ 51,100

REGULATORY MATTERS (Details)

REGULATORY MATTERS (Details) - USD ($) $ in Thousands	Jun. 30, 2018	Dec. 31, 2017
Parke Bancorp, Inc.
Total Risk Based Capital (to Risk Weighted Assets) [Abstract]
Actual, Amount	$ 174,520	$ 162,837
For Capital Adequacy Purposes, Amount	83,333	75,859
Capital Required For Capital Adequacy With Capital Conservation Buffer	102,864	87,711
To be Well-Capitalized Under Prompt Corrective Action Provisions, Amount	104,166	94,823
Tier 1 Capital (to Risk Weighted Assets) [Abstract]
Actual, Amount	161,453	150,926
For Capital Adequacy Purposes, Amount	62,500	56,894
Tier One Risk Based Capital Required For Capital Adequacy With Capital Conservation Buffer	82,031	68,747
To be Well-Capitalized Under Prompt Corrective Action Provisions, Amount	$ 83,333	$ 75,859
Total Risk Based Capital and Tier 1 Capital (to Risk Weighted Assets) [Abstract]
Total Risk Based Capital, Actual, Ratio	16.75%	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	15.50%	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	13.37%	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	$ 161,453	$ 150,926
For Capital Adequacy Purposes, Amount	47,626	42,178
Tier One Leverage Capital Required For Capital Adequacy With Capital Conservation Buffer	47,626	42,178
To be Well-Capitalized Under Prompt Corrective Action Provisions, Amount	$ 59,533	$ 52,722
Tier 1 Capital (to Average Assets) [Abstract]
Actual, Ratio	13.56%	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	4.00%	4.00%
To be Well-Capitalized Under Prompt Corrective Action Provisions, Ratio	5.00%	5.00%
Tier One Common Equity Risk Based Capital [Abstract]
Actual, Amount	$ 139,258	$ 121,955
For Capital Adequacy Purposes, Amount	46,875	42,670
Common Equity Tier One Capital Required For Capital Adequacy With Capital Conservation Buffer	66,406	54,523
To be Well-Capitalized Under Prompt Corrective Action Provisions, Amount	67,708	61,635
Parke Bank
Total Risk Based Capital (to Risk Weighted Assets) [Abstract]
Actual, Amount	171,118	159,435
For Capital Adequacy Purposes, Amount	83,333	75,861
Capital Required For Capital Adequacy With Capital Conservation Buffer	102,864	87,714
To be Well-Capitalized Under Prompt Corrective Action Provisions, Amount	104,166	94,826
Tier 1 Capital (to Risk Weighted Assets) [Abstract]
Actual, Amount	158,051	147,524
For Capital Adequacy Purposes, Amount	62,500	56,896
Tier One Risk Based Capital Required For Capital Adequacy With Capital Conservation Buffer	82,031	68,749
To be Well-Capitalized Under Prompt Corrective Action Provisions, Amount	$ 83,333	$ 75,861
Total Risk Based Capital and Tier 1 Capital (to Risk Weighted Assets) [Abstract]
Total Risk Based Capital, Actual, Ratio	16.43%	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	15.17%	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	15.17%	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	$ 158,051	$ 147,524
For Capital Adequacy Purposes, Amount	47,626	42,175
Tier One Leverage Capital Required For Capital Adequacy With Capital Conservation Buffer	47,626	42,175
To be Well-Capitalized Under Prompt Corrective Action Provisions, Amount	$ 59,533	$ 52,719
Tier 1 Capital (to Average Assets) [Abstract]
Actual, Ratio	13.27%	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	4.00%	4.00%
To be Well-Capitalized Under Prompt Corrective Action Provisions, Ratio	5.00%	5.00%
Tier One Common Equity Risk Based Capital [Abstract]
Actual, Amount	$ 158,051	$ 147,524
For Capital Adequacy Purposes, Amount	46,875	42,672
Common Equity Tier One Capital Required For Capital Adequacy With Capital Conservation Buffer	66,406	54,525
To be Well-Capitalized Under Prompt Corrective Action Provisions, Amount	$ 67,708	$ 61,637

COMMITMENTS AND CONTINGENCIES (

COMMITMENTS AND CONTINGENCIES (Details) - USD ($)	Jun. 30, 2018	Mar. 01, 2018
Line of Credit
Debt Instrument [Line Items]
Line of credit facility, maximum borrowing capacity	$ 40,000,000	$ 40,000,000

EQUITY AND CHANGES IN OTHER C39

EQUITY AND CHANGES IN OTHER COMPREHENSIVE INCOME (LOSS) - Equity (Details) $ / shares in Units, $ in Thousands	Jun. 26, 2018$ / shares	Apr. 17, 2018	Mar. 20, 2018$ / shares	Jun. 30, 2018USD ($)shares	Dec. 31, 2017USD ($)	Jun. 30, 2017USD ($)	Dec. 31, 2016USD ($)
Class of Stock [Line Items]
Total equity				$ 144,642	$ 134,780	$ 132,232	$ 127,090
Common stock, dividends, declared (in dollars per share) | $ / shares	$ 0.14		$ 0.12
Stock split, conversion ratio		1.1
Preferred Stock
Class of Stock [Line Items]
Total equity				$ 9,195	15,971	19,828	20,000
Conversion of stock, shares converted (in shares) | shares				6,776
Common Stock
Class of Stock [Line Items]
Total equity				$ 996	$ 830	$ 786	$ 715
Shares issued upon conversion (in shares) | shares				847,023
PDL LLC | Corporate Joint Venture
Class of Stock [Line Items]
Ownership percentage				51.00%
Other ownership interests, contributed capital				$ 1,200

EQUITY AND CHANGES IN OTHER C40

EQUITY AND CHANGES IN OTHER COMPREHENSIVE INCOME (LOSS) - Comprehensive Income (Loss) (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2018	Jun. 30, 2017
Equity [Abstract]
Non-credit related net unrealized gains (losses) on OTTI securities	$ 0	$ 8	$ 0	$ 18
Unrealized (losses) gains on non-OTTI securities	(194)	144	(844)	211
Tax impact on unrealized gain (loss)	47	(61)	204	(91)
Reclassification of stranded tax effects	(27)	0	(27)	0
Total unrealized (losses) gains on investment securities	$ (174)	$ 91	$ (667)	$ 138

FAIR VALUE (Details)

FAIR VALUE (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2018	Jun. 30, 2017	Dec. 31, 2017
Assets and liabilities measured at fair value on a recurring basis [Abstract]
Total available for sale	$ 34,235		$ 34,235		$ 37,991
Financial Assets:
Investment securities AFS	34,235		34,235		37,991
Investment securities HTM	1,258		1,258		2,468
Changes in Level 3 assets measured at fair value on a recurring basis [Abstract]
Beginning balance	0	$ 428	0	$ 437
Total net losses included in:
Settlements	0	(7)	0	(16)
Ending balance	0	$ 421	0	$ 421
Reported Value Measurement
Assets and liabilities measured at fair value on a recurring basis [Abstract]
Total available for sale	34,235		34,235		37,991
Financial Assets:
Cash and cash equivalents	110,211		110,211		42,113
Investment securities AFS	34,235		34,235		37,991
Investment securities HTM	1,086		1,086		2,268
Restricted stock	6		6		6,172
Loans held for sale	2		2		1,541
Loans, net	1,083,970		1,083,970		995,184
Accrued interest receivable	4,271		4,271		4,025
Financial Liabilities:
Non-time deposits	583,741		583,741		498,522
Time deposits	434,155		434,155		367,861
Borrowings	118,053		118,053		128,053
Accrued interest payable	1,116		1,116		719
Estimate of Fair Value Measurement
Assets and liabilities measured at fair value on a recurring basis [Abstract]
Total available for sale	34,235		34,235		37,991
Financial Assets:
Cash and cash equivalents	110,211		110,211		42,113
Investment securities AFS	34,235		34,235		37,991
Investment securities HTM	1,258		1,258		2,468
Restricted stock	5,858		5,858		6,172
Loans held for sale	1,839		1,839		1,541
Loans, net	1,069,310		1,069,310		1,001,655
Accrued interest receivable	4,271		4,271		4,025
Financial Liabilities:
Non-time deposits	583,741		583,741		498,522
Time deposits	435,684		435,684		368,863
Borrowings	117,967		117,967		127,552
Accrued interest payable	1,116		1,116		719
Level 1 | Estimate of Fair Value Measurement
Assets and liabilities measured at fair value on a recurring basis [Abstract]
Total available for sale	0		0		0
Financial Assets:
Cash and cash equivalents	110,211		110,211		42,113
Investment securities AFS	0		0		0
Investment securities HTM	0		0		0
Restricted stock	0		0		0
Loans held for sale	0		0		0
Loans, net	0		0		0
Accrued interest receivable	0		0		0
Financial Liabilities:
Non-time deposits	0		0		0
Time deposits	0		0		0
Borrowings	0		0		0
Accrued interest payable	0		0		0
Level 2 | Estimate of Fair Value Measurement
Assets and liabilities measured at fair value on a recurring basis [Abstract]
Total available for sale	34,235		34,235		37,991
Financial Assets:
Cash and cash equivalents	0		0		0
Investment securities AFS	34,235		34,235		37,991
Investment securities HTM	1,258		1,258		2,468
Restricted stock	5,858		5,858		6,172
Loans held for sale	1,839		1,839		1,541
Loans, net	1,046,116		1,046,116		976,660
Accrued interest receivable	4,271		4,271		4,025
Financial Liabilities:
Non-time deposits	583,741		583,741		498,522
Time deposits	435,684		435,684		368,863
Borrowings	117,967		117,967		127,552
Accrued interest payable	1,116		1,116		719
Level 3 | Estimate of Fair Value Measurement
Assets and liabilities measured at fair value on a recurring basis [Abstract]
Total available for sale	0		0		0
Financial Assets:
Cash and cash equivalents	0		0		0
Investment securities AFS	0		0		0
Investment securities HTM	0		0		0
Restricted stock	0		0		0
Loans held for sale	0		0		0
Loans, net	23,194		23,194		24,995
Accrued interest receivable	0		0		0
Financial Liabilities:
Non-time deposits	0		0		0
Time deposits	0		0		0
Borrowings	0		0		0
Accrued interest payable	$ 0		$ 0		0
Minimum
Fair value on a non-recurring basis [Abstract]
Underlying collateral less cost to sell percentage (in hundredths)	5.00%		5.00%
Maximum
Fair value on a non-recurring basis [Abstract]
Underlying collateral less cost to sell percentage (in hundredths)	10.00%		10.00%
Recurring
Assets and liabilities measured at fair value on a recurring basis [Abstract]
Corporate debt obligations	$ 1,028		$ 1,028		1,033
Residential mortgage-backed securities	33,133		33,133		36,863
Collateralized mortgage-backed securities	74		74		95
SBA loans available for sale	1,839		1,839		1,541
Total available for sale	36,074		36,074		39,532
Financial Assets:
Investment securities AFS	36,074		36,074		39,532
Recurring | Level 1
Assets and liabilities measured at fair value on a recurring basis [Abstract]
Corporate debt obligations	0		0		0
Residential mortgage-backed securities	0		0		0
Collateralized mortgage-backed securities	0		0		0
SBA loans available for sale	0		0		0
Total available for sale	0		0		0
Financial Assets:
Investment securities AFS	0		0		0
Recurring | Level 2
Assets and liabilities measured at fair value on a recurring basis [Abstract]
Corporate debt obligations	1,028		1,028		1,033
Residential mortgage-backed securities	33,133		33,133		36,863
Collateralized mortgage-backed securities	74		74		95
SBA loans available for sale	1,839		1,839		1,541
Total available for sale	36,074		36,074		39,532
Financial Assets:
Investment securities AFS	36,074		36,074		39,532
Recurring | Level 3
Assets and liabilities measured at fair value on a recurring basis [Abstract]
Corporate debt obligations	0		0		0
Residential mortgage-backed securities	0		0		0
Collateralized mortgage-backed securities	0		0		0
SBA loans available for sale	0		0		0
Total available for sale	0		0		0
Financial Assets:
Investment securities AFS	0		0		0
Nonrecurring
Fair value on a non-recurring basis [Abstract]
Collateral-dependent impaired loans	7,553		7,553		9,093
OREO	6,158		6,158		7,248
Valuation allowance	87		87		458
Nonrecurring | Level 1
Fair value on a non-recurring basis [Abstract]
Collateral-dependent impaired loans	0		0		0
OREO	0		0		0
Nonrecurring | Level 2
Fair value on a non-recurring basis [Abstract]
Collateral-dependent impaired loans	0		0		0
OREO	0		0		0
Nonrecurring | Level 3
Fair value on a non-recurring basis [Abstract]
Collateral-dependent impaired loans	7,553		7,553		9,093
OREO	$ 6,158		$ 6,158		$ 7,248

EARNINGS PER SHARE ("EPS") (Det

EARNINGS PER SHARE ("EPS") (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2018	Jun. 30, 2017
Basic earnings per share
Net income	$ 6,111	$ 3,699	$ 11,871	$ 7,159
Less: Dividend on series B preferred stock	168	297	407	596
Net income available to common shareholders	$ 5,943	$ 3,402	$ 11,464	$ 6,563
Average common shares outstanding (in shares)	9,044,159	8,335,041	8,933,820	8,328,093
Basic earnings per common share (in dollars per share)	$ 0.66	$ 0.41	$ 1.28	$ 0.79
Diluted earnings per share
Net income attributable to common shares	$ 5,943	$ 3,402	$ 11,464	$ 6,563
Add: Dividend on series B preferred stock	$ 168	$ 297	$ 407	$ 596
Average common shares outstanding (in shares)	9,044,159	8,335,041	8,933,820	8,328,093
Dilutive potential common shares (in shares)	1,864,971	2,578,186	1,975,474	2,573,872
Total diluted average common shares outstanding (in shares)	10,909,130	10,913,227	10,909,294	10,901,965
Diluted earnings per common share (in dollars per share)	$ 0.56	$ 0.34	$ 1.09	$ 0.66
Common stock, dividend rate, percentage			10.00%