Parke Bancorp (PKBK) 10-Q 9 May 19 2019 Q1 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	3 Months Ended
	Mar. 31, 2019	May 01, 2019
Document and Entity Information [Abstract]
Entity Registrant Name	PARKE BANCORP, INC.
Entity Central Index Key	0001315399
Current Fiscal Year End Date	--12-31
Entity Filer Category	Accelerated Filer
Entity Common Stock, Shares Outstanding		10,759,963
Document Fiscal Year Focus	2019
Document Fiscal Period Focus	Q1
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Mar. 31, 2019
Entity Emerging Growth Company	false
Entity Small Business	true

Consolidated Balance Sheets (un

Consolidated Balance Sheets (unaudited) - USD ($) $ in Thousands	Mar. 31, 2019	Dec. 31, 2018
Assets
Cash and due from banks	$ 4,981	$ 5,915
Federal funds sold and other interest bearing deposits with banks	183,537	148,556
Cash and cash equivalents	188,518	154,471
Investment securities available for sale, at fair value	30,567	31,278
Investment securities held to maturity (fair value of $1,346 at March 31, 2019 and $1,292 at December 31, 2018)	1,126	1,113
Total investment securities	31,693	32,391
Loans held for sale	0	419
Loans, net of unearned income	1,298,697	1,241,157
Less: Allowance for loan losses	(19,810)	(19,075)
Net loans	1,278,887	1,222,082
Accrued interest receivable	5,760	5,191
Premises and equipment, net	6,865	6,783
Other real estate owned (OREO)	5,156	5,124
Restricted stock, at cost	5,858	5,858
Bank owned life insurance (BOLI)	25,956	25,809
Deferred tax asset	6,392	6,511
Other assets	3,080	2,759
Total Assets	1,558,165	1,467,398
Deposits
Noninterest-bearing deposits	375,326	360,329
Interest-bearing deposits	889,982	823,544
Total deposits	1,265,308	1,183,873
FHLBNY borrowings	104,650	104,650
Subordinated debentures	13,403	13,403
Accrued interest payable	1,786	1,390
Other liabilities	11,903	9,086
Total liabilities	1,397,050	1,312,402
Equity
Preferred stock,1,000,000 shares authorized, $1,000 liquidation value Series B non-cumulative convertible; 560 shares and 1,224 shares outstanding at March 31, 2019 and December 31, 2018, respectively	560	1,224
Common stock, $.10 par value; authorized 15,000,000 shares; Issued: 11,044,485 shares at March 31, 2019 and 10,953,081 shares at December 31, 2018	1,104	1,095
Additional paid-in capital	113,561	112,807
Retained earnings	47,624	42,079
Accumulated other comprehensive loss	(272)	(633)
Treasury stock, 284,522 shares at March 31, 2019 and December 31, 2018, at cost	(3,015)	(3,015)
Total shareholders’ equity	159,562	153,557
Noncontrolling interest in consolidated subsidiaries	1,553	1,439
Total equity	161,115	154,996
Total liabilities and equity	$ 1,558,165	$ 1,467,398

Consolidated Balance Sheets (_2

Consolidated Balance Sheets (unaudited) (Parenthetical) - USD ($) $ in Thousands	Mar. 31, 2019	Dec. 31, 2018
Assets
Investment securities held to maturity, fair value	$ 1,346	$ 1,292
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)	560	1,224
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)	11,044,485	10,953,081
Treasury stock, shares (in shares)	284,522	284,522

Consolidated Statements of Inco

Consolidated Statements of Income (unaudited) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Interest income:
Interest and fees on loans	$ 17,441	$ 13,013
Interest and dividends on investments	315	349
Interests on federal funds sold and deposits with banks	601	146
Total interest income	18,357	13,508
Interest expense:
Interest on deposits	3,963	1,953
Interest on borrowings	962	531
Total interest expense	4,925	2,484
Net interest income	13,432	11,024
Provision for loan losses	700	400
Net interest income after provision for loan losses	12,732	10,624
Noninterest income:
Gain on sale of SBA loans	40	178
Loan fees	191	151
Bank owned life insurance income	147	150
Service fees on deposit accounts	381	286
Other	160	101
Total noninterest income	919	866
Noninterest expense:
Compensation and benefits	2,141	1,954
Professional services	391	374
Occupancy and equipment	471	421
Data processing	218	197
FDIC insurance and other assessments	27	77
OREO expense	75	169
Other operating expense	837	703
Total noninterest expense	4,160	3,895
Income before income tax expense	9,491	7,595
Income tax expense	2,316	1,835
Net income attributable to Company and noncontrolling interest	7,175	5,760
Net (income) loss attributable to noncontrolling interest	(114)	0
Net income attributable to Company	7,061	5,760
Preferred stock dividend and discount accretion	1	239
Net income available to common shareholders	$ 7,060	$ 5,521
Earnings per common share:
Basic (in dollars per share)	$ 0.66	$ 0.63
Diluted (in dollars per share)	$ 0.65	$ 0.53
Weighted average shares outstanding:
Basic (in shares)	10,744,896	8,822,255
Diluted (in shares)	10,912,164	10,908,148

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Income (unaudited) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Statement of Comprehensive Income [Abstract]
Net income	$ 7,175	$ 5,760
Unrealized gains on investment securities, net of reclassification into income:
Unrealized (losses) gains on non-OTTI securities	480	(650)
Tax impact on unrealized gain (loss)	(119)	157
Total unrealized (losses) gains on investment securities	361	(493)
Comprehensive income	7,536	5,267
Less: Comprehensive income (loss) attributable to noncontrolling interests	114	0
Comprehensive income attributable to the Company	$ 7,422	$ 5,267

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, 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]
Net income	5,760				5,760			5,760	0
Common stock options exercised (shares)			4,586
Common stock options exercised	47		$ 1	46				47
Preferred stock shares conversion (in shares)			2,841
Preferred stock shares conversion	0	(25)	$ 0	25				0
Other comprehensive income	(493)					(493)		(493)
Stock compensation expense	18			18				18
Dividend on preferred stock	(239)				(239)			(239)
Dividend on common stock	(962)				(962)			(962)
Balance at Mar. 31, 2018	138,911	15,946	$ 831	82,029	43,743	(623)	(3,015)	138,911	0
Balance (in shares) at Mar. 31, 2018			8,308,924
Balance at Dec. 31, 2018	154,996	1,224	$ 1,095	112,807	42,079	(633)	(3,015)	153,557	1,439
Balance (in shares) at Dec. 31, 2018			10,953,081
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	7,175				7,061			7,061	114
Common stock options exercised (shares)			8,374
Common stock options exercised	48		$ 1	47				48
Preferred stock shares conversion (in shares)			83,030
Preferred stock shares conversion	(1)	(664)	$ 8	655				(1)
Other comprehensive income	361					361		361
Stock compensation expense	52			52				52
Dividend on preferred stock	(1)				(1)			(1)
Dividend on common stock	(1,515)				(1,515)			(1,515)
Balance at Mar. 31, 2019	$ 161,115	$ 560	$ 1,104	$ 113,561	$ 47,624	$ (272)	$ (3,015)	$ 159,562	$ 1,553
Balance (in shares) at Mar. 31, 2019			11,044,485

Consolidated Statements of Cash

Consolidated Statements of Cash Flows (unaudited) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Cash Flows from Operating Activities:
Net income	$ 7,175	$ 5,760
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	98	91
Provision for loan losses	700	400
Increase in value of bank-owned life insurance	(147)	(150)
Gain on sale of SBA loans	(40)	(178)
SBA loans originated for sale	0	(2,548)
Proceeds from sale of SBA loans originated for sale	459	2,564
Net accretion of purchase premiums and discounts on securities	5	18
Stock based compensation	52	13
Net changes in:
Decrease in accrued interest receivable and other assets	1,153	1,042
Increase in accrued interest payable and other accrued liabilities	1,179	(415)
Net cash provided by operating activities	10,634	6,597
Cash Flows from Investing Activities:
Repayments and maturities of investment securities available for sale	1,173	1,412
Repayments and maturities of investment securities held to maturity	0	1,205
Net increase in loans	(57,550)	(30,365)
Purchases of bank premises and equipment	(180)	(74)
Proceeds from sale of OREO, net	13	700
Redemptions of restricted stock	0	450
Net cash used in investing activities	(56,544)	(26,672)
Cash Flows from Financing Activities:
Cash dividends	(1,514)	(1,201)
Proceeds from exercise of stock options	48	47
Net decrease in FHLBNY and short-term borrowings	0	(10,000)
Net increase in noninterest-bearing deposits	14,997	1,215
Net increase in interest-bearing deposits	66,438	34,606
Other	(12)	0
Net cash provided by financing activities	79,957	24,667
Net increase (decrease) in cash and cash equivalents	34,047	4,592
Cash and Cash Equivalents, January 1,	154,471	42,113
Cash and Cash Equivalents, March 31,	188,518	46,705
Supplemental Disclosure of Cash Flow Information:
Interest paid	4,529	2,472
Income taxes paid	0	0
Non-cash Investing and Financing Items
Loans transferred to OREO	45	290
Establishment of lease liability and right-of-use asset	$ 2,043	$ 0

ORGANIZATION

ORGANIZATION	3 Months Ended
	Mar. 31, 2019
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	3 Months Ended
	Mar. 31, 2019
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 and its wholly-owned subsidiary the Bank (including certain partnership interests). Also included are the accounts of Parke Direct Lending LLC ("PDL"), a joint venture formed in 2018 to originate short-term alternative real estate loan products. Parke Bank has a 51% ownership interest in the joint venture. Parke Capital Trust I, Parke Capital Trust II and Parke Capital Trust III are wholly-owned subsidiaries but are not consolidated because they do not meet the requirements for consolidation under applicable accounting guidance. 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, 2018 . The accompanying interim financial statements for the three months ended March 31, 2019 and 2018 are unaudited. The balance sheet as of December 31, 2018 , was derived from the audited financial statements. In the opinion of management, these financial statements include all normal and recurring adjustments necessary for a fair statement of the results for such interim periods. Results of operations for the three months ended March 31, 2019 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, the valuation of deferred income taxes, and the carrying value of other real estate owned ("OREO"). Recently Issued Accounting Pronouncements: 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 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. We have adopted the guidance in the first quarter of 2019 under the modified retrospective transition approach. The Company initially recognized right-of-use assets of $ 1.3 million and lease liabilities of $ 1.3 million under the operating leases for the lease contracts of its three retail branch locations and initially recognized a right-of-use asset of $750,000 and a lease liability of $750,000 under the finance lease for its 99 -year land lease contract of a retail branch location. 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 adopted the guidance in the first quarter of 2019. The adoption of the guidance did not have a material impact on our consolidated financial statements. In March 2017, the FASB issued ASU 2017-08, Receivables-Nonrefundable Fees and Other Costs (Subtopic 310-20) - Premium Amortization on Purchased Callable Debt Securities, which requires that entities shorten the amortization period for certain callable debt securities held at a premium and amortize the premium to the earliest call date. The amendments do not require an accounting change for securities held at a discount; the discount continues to be amortized to maturity. The ASU is effective for public business entities for fiscal years beginning after December 15, 2018. The Company adopted the guidance in the first quarter of 2019. The adoption of the guidance did not have any material impact on our consolidated financial statements.

INVESTMENT SECURITIES

INVESTMENT SECURITIES	3 Months Ended
	Mar. 31, 2019
Investments [Abstract]
INVESTMENT SECURITIES	INVESTMENT SECURITIES The following is a summary of the Company's investments in available for sale and held to maturity securities as of March 31, 2019 and December 31, 2018 : As of March 31, 2019 Amortized cost Gross unrealized gains Gross unrealized losses Fair value (Dollars in thousands) Available for sale: Corporate debt obligations $ 500 $ — $ — $ 500 Residential mortgage-backed securities 30,365 107 459 30,013 Collateralized mortgage obligations 53 1 — 54 Total available for sale $ 30,918 $ 108 $ 459 $ 30,567 Held to maturity: States and political subdivisions $ 1,126 $ 220 $ — $ 1,346 As of December 31, 2018 Amortized cost Gross unrealized gains Gross unrealized losses Fair value (Dollars in thousands) Available for sale: Corporate debt obligations $ 500 $ — $ — $ 500 Residential mortgage-backed securities 31,553 74 906 30,721 Collateralized mortgage obligations 56 1 — 57 Total available for sale $ 32,109 $ 75 $ 906 $ 31,278 Held to maturity: States and political subdivisions $ 1,113 $ 179 $ — $ 1,292 The amortized cost and fair value of debt securities classified as available for sale and held to maturity, by contractual maturity as of March 31, 2019 are as follows: Amortized Cost Fair Value (Dollars in thousands) Available for sale: Due within one year $ — $ — Due after one year through five years 241 231 Due after five years through ten years 13,711 13,588 Due after ten years 16,966 16,748 Total available for sale $ 30,918 $ 30,567 Held to maturity: Due within one year $ — $ — Due after one year through five years — — Due after five years through ten years 1,126 1,346 Due after ten years — — Total held to maturity $ 1,126 $ 1,346 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. The Company did not sell any securities during the three months ended March 31, 2019 . 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 March 31, 2019 and December 31, 2018 : As of March 31, 2019 Less Than 12 Months 12 Months or Greater Total Description of Securities Fair Value Unrealized Losses Fair Value Unrealized Losses Fair Value Unrealized Losses (Dollars in thousand) Available for sale: Residential mortgage-backed securities $ — $ — $ 22,416 $ 459 $ 22,416 $ 459 Total available for sale $ — $ — $ 22,416 $ 459 $ 22,416 $ 459 As of December 31, 2018 Less Than 12 Months 12 Months or Greater Total Description of Securities Fair Value Unrealized Losses Fair Value Unrealized Losses Fair Value Unrealized Losses (Dollars in thousands) Available for sale: Residential mortgage-backed securities $ 12,665 $ 257 $ 14,527 $ 649 $ 27,192 $ 906 Total available for sale $ 12,665 $ 257 $ 14,527 $ 649 $ 27,192 $ 906 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, and 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 the 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 the 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 10 securities in the 12 months or greater loss position at March 31, 2019 , and 5 securities in the less than 12 months loss position and 9 securities in the 12 months or greater loss position at December 31, 2018. The mortgage-backed securities that had unrealized losses were issued or guaranteed by the US government or US government sponsored entities. The unrealized losses associated with those mortgage-backed securities are generally driven by changes in interest rates and are 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 March 31, 2019 .

LOANS AND ALLOWANCE FOR LOAN LO

LOANS AND ALLOWANCE FOR LOAN LOSSES	3 Months Ended
	Mar. 31, 2019
Receivables [Abstract]
LOANS AND ALLOWANCE FOR LOAN LOSSES	LOANS AND ALLOWANCE FOR LOAN LOSSES As of March 31, 2019 , the Company had $1.30 billion in loans receivable outstanding. Outstanding balances include a total net reduction of $96,000 and $105,000 at March 31, 2019 and December 31, 2018, respectively, for unearned income, net deferred loan fees, and unamortized discounts and premiums. We did not have loans held for sale at March 31, 2019 and had $419,000 loans available for sale at December 31, 2018. The portfolios of loans receivable at March 31, 2019 and December 31, 2018, consist of the following: March 31, 2019 December 31, 2018 Amount Amount (Dollars in thousands) Commercial and Industrial $ 35,089 $ 34,640 Construction 145,054 139,877 Real Estate Mortgage: Commercial – Owner Occupied 141,046 135,617 Commercial – Non-owner Occupied 339,848 321,580 Residential – 1 to 4 Family 564,238 545,391 Residential – Multifamily 59,506 49,628 Consumer 13,916 14,424 Total Loans $ 1,298,697 $ 1,241,157 An age analysis of past due loans by class at March 31, 2019 and December 31, 2018 is as follows: March 31, 2019 30-59 60-89 Greater Total Past Current Total Loans > 90 Days and Accruing (Dollars in Thousands) Commercial and Industrial $ — $ — $ 13 $ 13 $ 35,076 $ 35,089 $ — Construction — — 1,365 1,365 143,689 145,054 — Real Estate Mortgage: Commercial – Owner Occupied 2,996 — — 2,996 138,050 141,046 — Commercial – Non-owner Occupied 1,936 — — 1,936 337,912 339,848 — Residential – 1 to 4 Family — — 2,062 2,062 562,176 564,238 — Residential – Multifamily — — — — 59,506 59,506 — Consumer — — — — 13,916 13,916 — Total Loans $ 4,932 $ — $ 3,440 $ 8,372 $ 1,290,325 $ 1,298,697 $ — December 31, 2018 30-59 60-89 Greater Total Past Current Total Loans > 90 Days and Accruing (Dollars in thousands) Commercial and Industrial $ — $ — $ 14 $ 14 $ 34,626 $ 34,640 $ — Construction — — 1,365 1,365 138,512 139,877 — Real Estate Mortgage: Commercial – Owner Occupied — — — — 135,617 135,617 — Commercial – Non-owner Occupied — — — — 321,580 321,580 — Residential – 1 to 4 Family 81 154 1,686 1,921 543,470 545,391 — Residential – Multifamily — — — — 49,628 49,628 — Consumer 62 — — 62 14,362 14,424 — Total Loans $ 143 $ 154 $ 3,065 $ 3,362 $ 1,237,795 $ 1,241,157 $ — 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). The allowance for loan and lease losses represents management’s estimate of probable losses inherent in the Company’s lending activities excluding loans accounted for under fair value. The allowance for loan losses is maintained through charges to the provision for loan losses in the Consolidated Statements of Income as losses are estimated to have occurred. Loans or portions thereof that are determined to be uncollectible are charged against the allowance, and subsequent recoveries, if any, are credited to the allowance. The Company performs periodic reviews of its loan and lease portfolios to identify credit risks and to assess the overall collectability of those portfolios. The Company's 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 performing troubled debt restructurings (“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 evaluates the impairments of pools of the loan and lease portfolio collectively. It incorporates a 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. The process of determining the level of the allowance for loan and lease losses requires a high degree of estimate and judgment. It is reasonably possible that actual outcomes may differ from our estimates. 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 (Dollars in thousands) Three months ended March 31, 2019 December 31, 2018 $ 718 $ 1,694 $ 2,062 $ 5,853 $ 7,917 $ 621 $ 210 19,075 Charge-offs — — — — — — — — Recoveries 6 — 6 21 2 — — 35 Provisions (36 ) 102 (184 ) 524 179 122 (7 ) 700 Ending Balance at March 31, 2019 $ 688 $ 1,796 $ 1,884 $ 6,398 $ 8,098 $ 743 $ 203 $ 19,810 Allowance for loan losses Individually evaluated for impairment $ 13 $ 80 $ 34 $ 190 $ 294 $ — $ — $ 611 Collectively evaluated for impairment 675 1,716 1,850 6,208 7,804 743 203 19,199 Ending Balance at March 31, 2019 $ 688 $ 1,796 $ 1,884 $ 6,398 $ 8,098 $ 743 $ 203 $ 19,810 Loans Individually evaluated for impairment $ 13 $ 5,470 $ 2,338 $ 11,167 $ 2,884 $ — $ — $ 21,872 Collectively evaluated for impairment 35,076 139,584 138,708 328,681 561,354 59,506 13,916 1,276,825 Ending Balance at March 31, 2019 $ 35,089 $ 145,054 $ 141,046 $ 339,848 $ 564,238 $ 59,506 $ 13,916 $ 1,298,697 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 (Dollars in thousands) Three months ended March 31, 2018 December 31, 2017 $ 684 $ 2,068 $ 2,017 $ 4,630 $ 6,277 $ 627 $ 230 16,533 Charge-offs — — — — — — (17 ) (17 ) Recoveries 20 — 136 5 4 — — 165 Provisions (149 ) 159 (162 ) 146 363 21 22 400 Ending Balance at March 31, 2018 $ 555 $ 2,227 $ 1,991 $ 4,781 $ 6,644 $ 648 $ 235 $ 17,081 Allowance for loan losses Individually evaluated for impairment $ 16 $ 132 $ 55 $ 248 $ 15 $ — $ — $ 466 Collectively evaluated for impairment 539 2,095 1,936 4,533 6,629 648 235 16,615 Ending Balance at March 31, 2018 $ 555 $ 2,227 $ 1,991 $ 4,781 $ 6,644 $ 648 $ 235 $ 17,081 Loans Individually evaluated for impairment $ 16 $ 5,897 $ 3,699 $ 12,004 $ 3,189 $ — $ — $ 24,805 Collectively evaluated for impairment 30,184 96,459 124,079 261,285 439,616 49,612 15,900 1,017,135 Ending Balance at March 31, 2018 $ 30,200 $ 102,356 $ 127,778 $ 273,289 $ 442,805 $ 49,612 $ 15,900 $ 1,041,940 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 March 31, 2019 and December 31, 2018 : March 31, 2019 Recorded Investment Unpaid Principal Balance Related Allowance (Dollars in thousands) With no related allowance recorded: Commercial and Industrial $ — $ — $ — Construction — — — Real Estate Mortgage: Commercial – Owner Occupied — — — Commercial – Non-owner Occupied — — — Residential – 1 to 4 Family 1,507 1,507 — Residential – Multifamily — — — Consumer — — — 1,507 1,507 — With an allowance recorded: Commercial and Industrial 13 19 13 Construction 5,470 9,960 80 Real Estate Mortgage: Commercial – Owner Occupied 2,338 2,338 34 Commercial – Non-owner Occupied 11,167 11,167 190 Residential – 1 to 4 Family 1,377 1,377 294 Residential – Multifamily — — — Consumer — — — 20,365 24,861 611 Total: Commercial and Industrial 13 19 13 Construction 5,470 9,960 80 Real Estate Mortgage: Commercial – Owner Occupied 2,338 2,338 34 Commercial – Non-owner Occupied 11,167 11,167 190 Residential – 1 to 4 Family 2,884 2,884 294 Residential – Multifamily — — — Consumer — — — $ 21,872 $ 26,368 $ 611 December 31, 2018 Recorded Investment Unpaid Principal Balance Related Allowance (Dollars in thousands) With no related allowance recorded: Commercial and Industrial $ — $ — $ — Construction — — — Real Estate Mortgage: Commercial – Owner Occupied — — — Commercial – Non-owner Occupied — — — Residential – 1 to 4 Family 1,131 1,131 — Residential – Multifamily — — — Consumer — — — 1,131 1,131 — With an allowance recorded: Commercial and Industrial 14 19 14 Construction 5,589 10,080 69 Real Estate Mortgage: Commercial – Owner Occupied 2,441 2,441 36 Commercial – Non-owner Occupied 11,299 11,299 192 Residential – 1 to 4 Family 1,383 1,383 299 Residential – Multifamily — — — Consumer — — — 20,726 25,222 610 Total: Commercial and Industrial 14 19 14 Construction 5,589 10,080 69 Real Estate Mortgage: Commercial – Owner Occupied 2,441 2,441 36 Commercial – Non-owner Occupied 11,299 11,299 192 Residential – 1 to 4 Family 2,514 2,514 299 Residential – Multifamily — — — Consumer — — — $ 21,857 $ 26,353 $ 610 The following table presents by loan portfolio class, the average recorded investment and interest income recognized on impaired loans for the three months ended March 31, 2019 and 2018 : Three Months Ended March 31, 2019 2018 Average Recorded Investment Interest Income Recognized Average Recorded Investment Interest Income Recognized (Dollars in thousands) Commercial and Industrial $ 14 $ — $ 21 $ — Construction 5,530 45 10,512 48 Real Estate Mortgage: Commercial – Owner Occupied 2,390 43 3,774 48 Commercial – Non-owner Occupied 11,233 152 12,081 148 Residential – 1 to 4 Family 2,699 10 3,241 14 Residential – Multifamily — — — — Consumer — — — — Total $ 21,866 $ 250 $ 29,629 $ 258 Troubled debt restructuring (TDRs) We did not have any nonperforming TDR loans at March 31, 2019 and December 31, 2018. We reported performing TDR loans (not reported as non-accrual loans) of $18.4 million and $ 18.8 million , respectively, at March 31, 2019 and December 31, 2018 . 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 for the three months ended March 31, 2019 and the year ended December 31, 2018 , respectively. 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. 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. We 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. 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. All TDRs are also reviewed quarterly to determine the amount of any 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 $300,000 and $306,000 in the allowance at March 31, 2019 and December 31, 2018 , respectively. Some loan modifications classified as TDRs may not ultimately result in the full collection of principal and interest, as modified, and result in potential incremental losses. These potential incremental losses have been factored into our overall allowance for loan losses estimate. 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 March 31, 2019 and December 31, 2018 is as follows: At March 31, 2019 Pass OAEM Substandard Doubtful Total (Dollars in thousands) Commercial and Industrial $ 35,076 $ — $ 13 $ — $ 35,089 Construction 133,114 4,249 7,691 — 145,054 Real Estate Mortgage: Commercial – Owner Occupied 141,046 — — — 141,046 Commercial – Non-owner Occupied 339,715 — 133 — 339,848 Residential – 1 to 4 Family 561,344 714 2,180 — 564,238 Residential – Multifamily 59,506 — — — 59,506 Consumer 13,916 — — — 13,916 Total $ 1,283,717 $ 4,963 $ 10,017 $ — $ 1,298,697 At December 31, 2018 Pass OAEM Substandard Doubtful Total (Dollars in thousands) Commercial and Industrial $ 34,626 $ — $ 14 $ — $ 34,640 Construction 127,523 4,503 7,851 — 139,877 Real Estate Mortgage: Commercial – Owner Occupied 135,617 — — — 135,617 Commercial – Non-owner Occupied 321,446 — 134 — 321,580 Residential – 1 to 4 Family 542,865 719 1,807 — 545,391 Residential – Multifamily 49,628 — — — 49,628 Consumer 14,424 — — — 14,424 Total $ 1,226,129 $ 5,222 $ 9,806 $ — $ 1,241,157

TIME DEPOSITS TIME DEPOSITS

TIME DEPOSITS TIME DEPOSITS	3 Months Ended
	Mar. 31, 2019
Banking and Thrift [Abstract]
TIME DEPOSITS	TIME DEPOSITS The Company’s total deposits were $1.27 billion and $1.18 billion at March 31, 2019 and December 31, 2018 . The time deposits greater than $250,000 were $71.5 million and $59.5 million at March 31, 2019 and December 31, 2018, respectively.

EQUITY AND CHANGES IN OTHER COM

EQUITY AND CHANGES IN OTHER COMPREHENSIVE INCOME (LOSS)	3 Months Ended
	Mar. 31, 2019
Equity [Abstract]
EQUITY AND CHANGES IN OTHER COMPREHENSIVE INCOME (LOSS)	EQUITY AND CHANGES IN OTHER COMPREHENSIVE INCOME (LOSS) The Company's total equity was $161.1 million and $155.0 million at March 31, 2019 and December 31, 2018, respectively. Common stock dividend : On March 19, 2019, the Company declared a quarterly cash dividend of $0.14 per share to the common shareholders of record as of April 11, 2019 and paid the dividend on April 25, 2019. Preferred stock dividend : The Company paid cash dividend $10,850 to preferred stock holders during the three months ended March 31, 2019 . Conversion of preferred stock : During the three months ended March 31, 2019 , preferred stock holders converted 664 shares of preferred shares into 83,030 shares of common shares. Non-controlling interests : The Company has a joint venture with Bridgestone Capital LLC 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. The changes in accumulated other comprehensive income (loss) consisted of the following for the three months ended March 31, 2019 and 2018: For the Three Months Ended 2019 2018 (Dollars in thousands) Investment securities: Net unrealized gains (losses) arising during the period $ 480 $ (650 ) Less: Amounts reclassified from accumulated other comprehensive income — — Tax effect related to the unrealized loss during the periods (119 ) 157 Change in other comprehensive income $ 361 $ (493 )

EARNINGS PER SHARE ("EPS")

EARNINGS PER SHARE ("EPS")	3 Months Ended
	Mar. 31, 2019
Earnings Per Share [Abstract]
EARNINGS PER SHARE ("EPS")	EARNINGS PER SHARE (“EPS”) The following tables set forth the calculation of basic and diluted EPS for the three -month periods ended March 31, 2019 and 2018 . Three months ended March 31, 2019 2018 (Dollars in thousands except share and per share data) Basic earnings per common share Net income availiable to the Company $ 7,061 $ 5,760 Less: Dividend on series B preferred stock 1 239 Net income available to common shareholders 7,060 5,521 Basic weighted-average common shares outstanding 10,744,896 8,822,255 Basic earnings per common share $ 0.66 $ 0.63 Diluted earnings per common share Net income available to common shares $ 7,060 $ 5,521 Add: Dividend on series B preferred stock 1 239 Net income available to diluted common shares 7,061 5,760 Basic weighted-average common shares outstanding 10,744,896 8,822,255 Dilutive potential common shares 167,268 2,085,893 Diluted weighted-average common shares outstanding 10,912,164 10,908,148 Diluted earnings per common share $ 0.65 $ 0.53 All share and per share information as of March 31, 2018 has been adjusted for the 10% stock dividend effective on May 18, 2018.

FAIR VALUE

FAIR VALUE	3 Months Ended
	Mar. 31, 2019
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 Accounting Standards Codification, the fair value of a financial instrument is the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. Fair value is best determined based upon quoted market prices. However, in many instances, there are no quoted market prices for the Company's various financial instruments. In cases where quoted market prices are not available, fair values are based on estimates using present value or other valuation techniques. Those techniques are significantly affected by the assumptions used, including the discount rate and estimates of future cash flows. Accordingly, the fair value estimates may not be realized in an immediate settlement of the instrument. 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. Investments in Available for Sale Securities and Loans Held 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 loans held for sale, 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 (Dollars in thousands) Available for Sale Securities and Loans Held for Sale As of March 31, 2019 Corporate debt obligations $ — $ 500 $ — $ 500 Residential mortgage-backed securities — 30,013 — 30,013 Collateralized mortgage-backed securities — 54 — 54 Total $ — $ 30,567 $ — $ 30,567 As of December 31, 2018 Corporate debt obligations $ — $ 500 $ — $ 500 Residential mortgage-backed securities — 30,721 — 30,721 Collateralized mortgage-backed securities — 57 — 57 Loans held for sale 419 419 Total $ — $ 31,697 $ — $ 31,697 For the three months ended March 31, 2019 , there were no transfers between the levels within the fair value hierarchy. There were no level 3 assets or liabilities held during three months ended March 31, 2019 and 2018 . 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 (Dollars in thousands) As of March 31, 2019 Collateral-dependent impaired loans $ — $ — $ 7,171 $ 7,171 OREO — — 5,156 5,156 As of December 31, 2018 Collateral-dependent impaired loans $ — $ — $ 6,921 $ 6,921 OREO — — 5,124 5,124 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 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, accrued interest receivable, demand and other non-maturity deposits and accrued interest payable. The Company used the following methods and assumptions in estimating the fair value of the following financial instruments: Investment Securities: Fair value of securities available for sale is described above. Fair value of held to maturity securities is based upon quoted market prices for identical or similar assets. Loans Held for Sale: Fair value represents the face value of the guaranteed portion of SBA loans pending settlement. Loans Receivable: 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. Restricted stock: Carrying value of Federal Home Loan Bank of New York (“FHLBNY”) and the Atlantic Central Bankers Bank stocks represent the par values of the stocks and is adjusted for impairments if any. The carrying value approximated fair value. Time 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 instruments measured at fair value, see the descriptions in the Company's 2018 Annual Report included in its Annual Report on Form 10-K. Bank premises and equipment, customer relationships, deposit base and other information required to compute the Company’s aggregate fair value are not included in the above information. Accordingly, the above fair values are not intended to represent the aggregate fair value of the Company. The following table summarizes the carrying amounts and fair values for financial instruments at March 31, 2019 and December 31, 2018 : March 31, 2019 Carrying Amount Fair Value Total Level 1 Level 2 Level 3 (Dollars in thousands) Financial Assets: Cash and cash equivalents $ 188,518 $ 188,518 188,518 $ — $ — Investment securities AFS 30,567 30,567 — 30,567 — Investment securities HTM 1,126 1,346 — 1,346 — Restricted stock 5,858 5,858 — — 5,858 Loans, net 1,278,887 1,269,821 — 1,248,560 21,261 Accrued interest receivable 5,760 5,760 — 5,760 — Financial Liabilities: Non-time deposits $ 751,246 $ 751,246 $ — $ 751,246 $ — Time deposits 514,062 517,560 — 517,560 — Borrowings 118,053 115,135 — 115,135 — Accrued interest payable 1,786 1,786 — 1,786 — December 31, 2018 Carrying Amount Fair Value Total Level 1 Level 2 Level 3 (Dollars in thousands) Financial Assets: Cash and cash equivalents $ 154,471 $ 154,471 $ 154,471 $ — $ — Investment securities AFS 31,278 31,278 — 31,278 — Investment securities HTM 1,113 1,292 — 1,292 — Restricted stock 5,858 5,858 — — 5,858 Loans held for sale 419 419 — 419 — Loans, net 1,222,082 1,209,223 — 1,187,975 21,248 Accrued interest receivable 5,191 5,191 — 5,191 — Financial Liabilities: Non-time deposits $ 752,512 $ 752,512 $ — $ 752,512 $ — Time deposits 431,361 433,575 — 433,575 $ — Borrowings 118,053 118,965 — 118,965 — Accrued interest payable 1,390 1,390 — 1,390 $ —

COMMITMENTS AND CONTINGENCIES

COMMITMENTS AND CONTINGENCIES	3 Months Ended
	Mar. 31, 2019
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 4, 2019, the Bank entered into an agreement with the FHLBNY, for a Municipal Letter of Credit ("MLOC"), of $40.0 million . The MLOC is used to pledge against public deposits and expires on March 3, 2020. There were no outstanding borrowings on the letter of credit as of March 31, 2019 . We provide banking services to customers that are licensed by the States of New Jersey, Pennsylvania, Maryland or New York to do business in the medical-use cannabis industry as growers, processors and dispensaries. Medical-use cannabis businesses are legal in the States of New Jersey, Pennsylvania, Maryland and New York although it is not legal at the federal level. The U.S. Department of the Treasury’s Financial Crimes Enforcement Network (“FinCEN”) published guidelines in 2014 for financial institutions servicing state legal cannabis businesses. A financial institution that provides services to cannabis-related businesses can comply with Bank Secrecy Act (“BSA”) disclosure standards by following the FinCEN guidelines. We maintain stringent written policies and procedures related to the on-boarding of such businesses and to the monitoring and maintenance of such business accounts. We do a deep upfront due diligence review of the cannabis business before the business is on-boarded, including confirmation that the business is properly licensed by the applicable state. Throughout the relationship, we continue monitoring the business, including site visits, to ensure that the business continues to meet our stringent requirements, including maintenance of required licenses and periodic financial reviews of the business. While we believe we are operating in compliance with the FinCEN guidelines, there can be no assurance that federal enforcement guidelines will not change. Federal prosecutors have significant discretion and there can be no assurance that the federal prosecutors will not choose to strictly enforce the federal laws governing cannabis. Any change in the Federal government’s enforcement position, could cause us to immediately cease providing banking services to the cannabis industry. At March 31, 2019 and December 31, 2018, deposit balances from medical-use cannabis customers were approximately $ 274.2 million and $ 253.8 million , or 17.6% and 21.4% of total deposits, respectively, with two customers accounting for 40.9% and 65.9% of the total at March 31, 2019 and December 31, 2018. At March 31, 2019 and December 31, 2018, there were cannabis-related loans in the amounts of $2.9 million and $970,000 , respectively. We recorded approximately $30,500 and $12,000 of interest income in the three months ended March 31, 2019 and 2018, respectively, related to these loans.

REGULATORY MATTERS

REGULATORY MATTERS	3 Months Ended
	Mar. 31, 2019
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 2019 is 2.5%. 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 March 31, 2019 and December 31, 2018 , 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 March 31, 2019 and December 31, 2018 , 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 March 31, 2019 Actual For Capital Adequacy For Capital Adequacy Purposes With Capital Conservation Buffer* To be Well Capitalized (Dollars in thousands except ratios) Amount Ratio Amount Ratio Amount Ratio Amount Ratio Company: Total risk-based capital $ 188,542 16.41 % $ 91,896 8.00 % $ 120,614 10.50 % $ 114,871 10.00 % Tier 1 risk-based capital 174,116 15.16 % 68,922 6.00 % 97,640 8.50 % 91,896 8.00 % Tier 1 leverage 174,116 12.01 % 58,006 4.00 % 58,006 4.00 % 72,508 5.00 % Tier 1 common equity 159,027 13.84 % 51,692 4.50 % 80,409 7.00 % 74,666 6.50 % Parke Bank: Total risk-based capital $ 188,231 16.39 % $ 91,864 8.00 % $ 120,571 10.50 % $ 114,830 10.00 % Tier 1 risk-based capital 173,810 15.14 % 68,898 6.00 % 97,605 8.50 % 91,864 8.00 % Tier 1 leverage 173,810 11.99 % 57,990 4.00 % 57,990 4.00 % 72,488 5.00 % Tier 1 common equity 172,257 15.00 % 51,673 4.50 % 80,381 7.00 % 74,639 6.50 % As of December 31, 2018 Actual For Capital Adequacy For Capital Adequacy Purposes With Capital Conservation Buffer* To be Well Capitalized (Dollars in thousands except ratios) Amount Ratio Amount Ratio Amount Ratio Amount Ratio Company: Total risk-based capital $ 182,316 16.73 % $ 87,164 8.00 % $ 107,592 9.88 % $ 108,954 10.00 % Tier 1 risk-based capital 168,629 15.48 % 65,373 6.00 % 85,802 7.88 % 87,164 8.00 % Tier 1 leverage 168,629 12.15 % 55,503 4.00 % 55,503 4.00 % 69,378 5.00 % Tier 1 common equity 153,020 14.04 % 49,029 4.50 % 69,458 6.38 % 70,820 6.50 % Parke Bank: Total risk-based capital $ 181,760 16.69 % $ 87,131 8.00 % $ 107,552 9.88 % $ 108,913 10.00 % Tier 1 risk-based capital 168,078 15.43 % 65,348 6.00 % 85,769 7.88 % 87,131 8.00 % Tier 1 leverage 168,078 12.10 % 55,569 4.00 % 55,569 4.00 % 69,461 5.00 % Tier 1 common equity 166,639 15.30 % 49,011 4.50 % 69,432 6.38 % 70,794 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).

SUBSEQUENT EVENTS

SUBSEQUENT EVENTS	3 Months Ended
	Mar. 31, 2019
Subsequent Events [Abstract]
SUBSEQUENT EVENTS	SUBSEQUENT EVENTS On April 16, 2019, the Company announced that it will increase its quarterly cash dividend to its common shareholders from $0.14 per share to $0.16 per share. The increase will be effective with the July 2019 dividend payment. Management has evaluated subsequent events after March 31, 2019 through the date the financial statements were issued or are available to be issued and determined that no other subsequent events than the one disclosed above warranted recognition in or disclosure in the interim financial statements.

SUMMARY OF SIGNIFICANT ACCOUN_2

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	3 Months Ended
	Mar. 31, 2019
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 and its wholly-owned subsidiary the Bank (including certain partnership interests). Also included are the accounts of Parke Direct Lending LLC ("PDL"), a joint venture formed in 2018 to originate short-term alternative real estate loan products. Parke Bank has a 51% ownership interest in the joint venture. Parke Capital Trust I, Parke Capital Trust II and Parke Capital Trust III are wholly-owned subsidiaries but are not consolidated because they do not meet the requirements for consolidation under applicable accounting guidance. 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, 2018 . The accompanying interim financial statements for the three months ended March 31, 2019 and 2018 are unaudited. The balance sheet as of December 31, 2018 , was derived from the audited financial statements. In the opinion of management, these financial statements include all normal and recurring adjustments necessary for a fair statement of the results for such interim periods. Results of operations for the three months ended March 31, 2019 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, the valuation of deferred income taxes, and the carrying value of other real estate owned ("OREO").
Recently Issued Accounting Pronouncements	Recently Issued Accounting Pronouncements: 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 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. We have adopted the guidance in the first quarter of 2019 under the modified retrospective transition approach. The Company initially recognized right-of-use assets of $ 1.3 million and lease liabilities of $ 1.3 million under the operating leases for the lease contracts of its three retail branch locations and initially recognized a right-of-use asset of $750,000 and a lease liability of $750,000 under the finance lease for its 99 -year land lease contract of a retail branch location. 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 adopted the guidance in the first quarter of 2019. The adoption of the guidance did not have a material impact on our consolidated financial statements. In March 2017, the FASB issued ASU 2017-08, Receivables-Nonrefundable Fees and Other Costs (Subtopic 310-20) - Premium Amortization on Purchased Callable Debt Securities, which requires that entities shorten the amortization period for certain callable debt securities held at a premium and amortize the premium to the earliest call date. The amendments do not require an accounting change for securities held at a discount; the discount continues to be amortized to maturity. The ASU is effective for public business entities for fiscal years beginning after December 15, 2018. The Company adopted the guidance in the first quarter of 2019. The adoption of the guidance did not have any material impact on our consolidated financial statements.

INVESTMENT SECURITIES (Tables)

INVESTMENT SECURITIES (Tables)	3 Months Ended
	Mar. 31, 2019
Investments [Abstract]
Summary of Investments in Available-for-sale and Held-to-maturity Securities	The following is a summary of the Company's investments in available for sale and held to maturity securities as of March 31, 2019 and December 31, 2018 : As of March 31, 2019 Amortized cost Gross unrealized gains Gross unrealized losses Fair value (Dollars in thousands) Available for sale: Corporate debt obligations $ 500 $ — $ — $ 500 Residential mortgage-backed securities 30,365 107 459 30,013 Collateralized mortgage obligations 53 1 — 54 Total available for sale $ 30,918 $ 108 $ 459 $ 30,567 Held to maturity: States and political subdivisions $ 1,126 $ 220 $ — $ 1,346 As of December 31, 2018 Amortized cost Gross unrealized gains Gross unrealized losses Fair value (Dollars in thousands) Available for sale: Corporate debt obligations $ 500 $ — $ — $ 500 Residential mortgage-backed securities 31,553 74 906 30,721 Collateralized mortgage obligations 56 1 — 57 Total available for sale $ 32,109 $ 75 $ 906 $ 31,278 Held to maturity: States and political subdivisions $ 1,113 $ 179 $ — $ 1,292
Investments Classified by Contractual Maturity	The amortized cost and fair value of debt securities classified as available for sale and held to maturity, by contractual maturity as of March 31, 2019 are as follows: Amortized Cost Fair Value (Dollars in thousands) Available for sale: Due within one year $ — $ — Due after one year through five years 241 231 Due after five years through ten years 13,711 13,588 Due after ten years 16,966 16,748 Total available for sale $ 30,918 $ 30,567 Held to maturity: Due within one year $ — $ — Due after one year through five years — — Due after five years through ten years 1,126 1,346 Due after ten years — — Total held to maturity $ 1,126 $ 1,346
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 March 31, 2019 and December 31, 2018 : As of March 31, 2019 Less Than 12 Months 12 Months or Greater Total Description of Securities Fair Value Unrealized Losses Fair Value Unrealized Losses Fair Value Unrealized Losses (Dollars in thousand) Available for sale: Residential mortgage-backed securities $ — $ — $ 22,416 $ 459 $ 22,416 $ 459 Total available for sale $ — $ — $ 22,416 $ 459 $ 22,416 $ 459 As of December 31, 2018 Less Than 12 Months 12 Months or Greater Total Description of Securities Fair Value Unrealized Losses Fair Value Unrealized Losses Fair Value Unrealized Losses (Dollars in thousands) Available for sale: Residential mortgage-backed securities $ 12,665 $ 257 $ 14,527 $ 649 $ 27,192 $ 906 Total available for sale $ 12,665 $ 257 $ 14,527 $ 649 $ 27,192 $ 906

LOANS (Tables)

LOANS (Tables)	3 Months Ended
	Mar. 31, 2019
Receivables [Abstract]
Portfolio of Loans Outstanding	The portfolios of loans receivable at March 31, 2019 and December 31, 2018, consist of the following: March 31, 2019 December 31, 2018 Amount Amount (Dollars in thousands) Commercial and Industrial $ 35,089 $ 34,640 Construction 145,054 139,877 Real Estate Mortgage: Commercial – Owner Occupied 141,046 135,617 Commercial – Non-owner Occupied 339,848 321,580 Residential – 1 to 4 Family 564,238 545,391 Residential – Multifamily 59,506 49,628 Consumer 13,916 14,424 Total Loans $ 1,298,697 $ 1,241,157
Age Analysis of Past Due Loans by Class	An age analysis of past due loans by class at March 31, 2019 and December 31, 2018 is as follows: March 31, 2019 30-59 60-89 Greater Total Past Current Total Loans > 90 Days and Accruing (Dollars in Thousands) Commercial and Industrial $ — $ — $ 13 $ 13 $ 35,076 $ 35,089 $ — Construction — — 1,365 1,365 143,689 145,054 — Real Estate Mortgage: Commercial – Owner Occupied 2,996 — — 2,996 138,050 141,046 — Commercial – Non-owner Occupied 1,936 — — 1,936 337,912 339,848 — Residential – 1 to 4 Family — — 2,062 2,062 562,176 564,238 — Residential – Multifamily — — — — 59,506 59,506 — Consumer — — — — 13,916 13,916 — Total Loans $ 4,932 $ — $ 3,440 $ 8,372 $ 1,290,325 $ 1,298,697 $ — December 31, 2018 30-59 60-89 Greater Total Past Current Total Loans > 90 Days and Accruing (Dollars in thousands) Commercial and Industrial $ — $ — $ 14 $ 14 $ 34,626 $ 34,640 $ — Construction — — 1,365 1,365 138,512 139,877 — Real Estate Mortgage: Commercial – Owner Occupied — — — — 135,617 135,617 — Commercial – Non-owner Occupied — — — — 321,580 321,580 — Residential – 1 to 4 Family 81 154 1,686 1,921 543,470 545,391 — Residential – Multifamily — — — — 49,628 49,628 — Consumer 62 — — 62 14,362 14,424 — Total Loans $ 143 $ 154 $ 3,065 $ 3,362 $ 1,237,795 $ 1,241,157 $ —
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 (Dollars in thousands) Three months ended March 31, 2019 December 31, 2018 $ 718 $ 1,694 $ 2,062 $ 5,853 $ 7,917 $ 621 $ 210 19,075 Charge-offs — — — — — — — — Recoveries 6 — 6 21 2 — — 35 Provisions (36 ) 102 (184 ) 524 179 122 (7 ) 700 Ending Balance at March 31, 2019 $ 688 $ 1,796 $ 1,884 $ 6,398 $ 8,098 $ 743 $ 203 $ 19,810 Allowance for loan losses Individually evaluated for impairment $ 13 $ 80 $ 34 $ 190 $ 294 $ — $ — $ 611 Collectively evaluated for impairment 675 1,716 1,850 6,208 7,804 743 203 19,199 Ending Balance at March 31, 2019 $ 688 $ 1,796 $ 1,884 $ 6,398 $ 8,098 $ 743 $ 203 $ 19,810 Loans Individually evaluated for impairment $ 13 $ 5,470 $ 2,338 $ 11,167 $ 2,884 $ — $ — $ 21,872 Collectively evaluated for impairment 35,076 139,584 138,708 328,681 561,354 59,506 13,916 1,276,825 Ending Balance at March 31, 2019 $ 35,089 $ 145,054 $ 141,046 $ 339,848 $ 564,238 $ 59,506 $ 13,916 $ 1,298,697 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 (Dollars in thousands) Three months ended March 31, 2018 December 31, 2017 $ 684 $ 2,068 $ 2,017 $ 4,630 $ 6,277 $ 627 $ 230 16,533 Charge-offs — — — — — — (17 ) (17 ) Recoveries 20 — 136 5 4 — — 165 Provisions (149 ) 159 (162 ) 146 363 21 22 400 Ending Balance at March 31, 2018 $ 555 $ 2,227 $ 1,991 $ 4,781 $ 6,644 $ 648 $ 235 $ 17,081 Allowance for loan losses Individually evaluated for impairment $ 16 $ 132 $ 55 $ 248 $ 15 $ — $ — $ 466 Collectively evaluated for impairment 539 2,095 1,936 4,533 6,629 648 235 16,615 Ending Balance at March 31, 2018 $ 555 $ 2,227 $ 1,991 $ 4,781 $ 6,644 $ 648 $ 235 $ 17,081 Loans Individually evaluated for impairment $ 16 $ 5,897 $ 3,699 $ 12,004 $ 3,189 $ — $ — $ 24,805 Collectively evaluated for impairment 30,184 96,459 124,079 261,285 439,616 49,612 15,900 1,017,135 Ending Balance at March 31, 2018 $ 30,200 $ 102,356 $ 127,778 $ 273,289 $ 442,805 $ 49,612 $ 15,900 $ 1,041,940
Impaired Loans	The following tables provide further detail on impaired loans and the associated ALLL at March 31, 2019 and December 31, 2018 : March 31, 2019 Recorded Investment Unpaid Principal Balance Related Allowance (Dollars in thousands) With no related allowance recorded: Commercial and Industrial $ — $ — $ — Construction — — — Real Estate Mortgage: Commercial – Owner Occupied — — — Commercial – Non-owner Occupied — — — Residential – 1 to 4 Family 1,507 1,507 — Residential – Multifamily — — — Consumer — — — 1,507 1,507 — With an allowance recorded: Commercial and Industrial 13 19 13 Construction 5,470 9,960 80 Real Estate Mortgage: Commercial – Owner Occupied 2,338 2,338 34 Commercial – Non-owner Occupied 11,167 11,167 190 Residential – 1 to 4 Family 1,377 1,377 294 Residential – Multifamily — — — Consumer — — — 20,365 24,861 611 Total: Commercial and Industrial 13 19 13 Construction 5,470 9,960 80 Real Estate Mortgage: Commercial – Owner Occupied 2,338 2,338 34 Commercial – Non-owner Occupied 11,167 11,167 190 Residential – 1 to 4 Family 2,884 2,884 294 Residential – Multifamily — — — Consumer — — — $ 21,872 $ 26,368 $ 611 December 31, 2018 Recorded Investment Unpaid Principal Balance Related Allowance (Dollars in thousands) With no related allowance recorded: Commercial and Industrial $ — $ — $ — Construction — — — Real Estate Mortgage: Commercial – Owner Occupied — — — Commercial – Non-owner Occupied — — — Residential – 1 to 4 Family 1,131 1,131 — Residential – Multifamily — — — Consumer — — — 1,131 1,131 — With an allowance recorded: Commercial and Industrial 14 19 14 Construction 5,589 10,080 69 Real Estate Mortgage: Commercial – Owner Occupied 2,441 2,441 36 Commercial – Non-owner Occupied 11,299 11,299 192 Residential – 1 to 4 Family 1,383 1,383 299 Residential – Multifamily — — — Consumer — — — 20,726 25,222 610 Total: Commercial and Industrial 14 19 14 Construction 5,589 10,080 69 Real Estate Mortgage: Commercial – Owner Occupied 2,441 2,441 36 Commercial – Non-owner Occupied 11,299 11,299 192 Residential – 1 to 4 Family 2,514 2,514 299 Residential – Multifamily — — — Consumer — — — $ 21,857 $ 26,353 $ 610 The following table presents by loan portfolio class, the average recorded investment and interest income recognized on impaired loans for the three months ended March 31, 2019 and 2018 : Three Months Ended March 31, 2019 2018 Average Recorded Investment Interest Income Recognized Average Recorded Investment Interest Income Recognized (Dollars in thousands) Commercial and Industrial $ 14 $ — $ 21 $ — Construction 5,530 45 10,512 48 Real Estate Mortgage: Commercial – Owner Occupied 2,390 43 3,774 48 Commercial – Non-owner Occupied 11,233 152 12,081 148 Residential – 1 to 4 Family 2,699 10 3,241 14 Residential – Multifamily — — — — Consumer — — — — Total $ 21,866 $ 250 $ 29,629 $ 258
Analysis of Credit Risk Profile by Internally Assigned Grades	An analysis of the credit risk profile by internally assigned grades as of March 31, 2019 and December 31, 2018 is as follows: At March 31, 2019 Pass OAEM Substandard Doubtful Total (Dollars in thousands) Commercial and Industrial $ 35,076 $ — $ 13 $ — $ 35,089 Construction 133,114 4,249 7,691 — 145,054 Real Estate Mortgage: Commercial – Owner Occupied 141,046 — — — 141,046 Commercial – Non-owner Occupied 339,715 — 133 — 339,848 Residential – 1 to 4 Family 561,344 714 2,180 — 564,238 Residential – Multifamily 59,506 — — — 59,506 Consumer 13,916 — — — 13,916 Total $ 1,283,717 $ 4,963 $ 10,017 $ — $ 1,298,697 At December 31, 2018 Pass OAEM Substandard Doubtful Total (Dollars in thousands) Commercial and Industrial $ 34,626 $ — $ 14 $ — $ 34,640 Construction 127,523 4,503 7,851 — 139,877 Real Estate Mortgage: Commercial – Owner Occupied 135,617 — — — 135,617 Commercial – Non-owner Occupied 321,446 — 134 — 321,580 Residential – 1 to 4 Family 542,865 719 1,807 — 545,391 Residential – Multifamily 49,628 — — — 49,628 Consumer 14,424 — — — 14,424 Total $ 1,226,129 $ 5,222 $ 9,806 $ — $ 1,241,157

EQUITY AND CHANGES IN OTHER C_2

EQUITY AND CHANGES IN OTHER COMPREHENSIVE INCOME (LOSS) (Tables)	3 Months Ended
	Mar. 31, 2019
Equity [Abstract]
Accumulated Other Comprehensive Income	The changes in accumulated other comprehensive income (loss) consisted of the following for the three months ended March 31, 2019 and 2018: For the Three Months Ended 2019 2018 (Dollars in thousands) Investment securities: Net unrealized gains (losses) arising during the period $ 480 $ (650 ) Less: Amounts reclassified from accumulated other comprehensive income — — Tax effect related to the unrealized loss during the periods (119 ) 157 Change in other comprehensive income $ 361 $ (493 )

EARNINGS PER SHARE ("EPS") (Tab

EARNINGS PER SHARE ("EPS") (Tables)	3 Months Ended
	Mar. 31, 2019
Earnings Per Share [Abstract]
Calculation of Basic and Diluted EPS	The following tables set forth the calculation of basic and diluted EPS for the three -month periods ended March 31, 2019 and 2018 . Three months ended March 31, 2019 2018 (Dollars in thousands except share and per share data) Basic earnings per common share Net income availiable to the Company $ 7,061 $ 5,760 Less: Dividend on series B preferred stock 1 239 Net income available to common shareholders 7,060 5,521 Basic weighted-average common shares outstanding 10,744,896 8,822,255 Basic earnings per common share $ 0.66 $ 0.63 Diluted earnings per common share Net income available to common shares $ 7,060 $ 5,521 Add: Dividend on series B preferred stock 1 239 Net income available to diluted common shares 7,061 5,760 Basic weighted-average common shares outstanding 10,744,896 8,822,255 Dilutive potential common shares 167,268 2,085,893 Diluted weighted-average common shares outstanding 10,912,164 10,908,148 Diluted earnings per common share $ 0.65 $ 0.53

FAIR VALUE (Tables)

FAIR VALUE (Tables)	3 Months Ended
	Mar. 31, 2019
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 (Dollars in thousands) Available for Sale Securities and Loans Held for Sale As of March 31, 2019 Corporate debt obligations $ — $ 500 $ — $ 500 Residential mortgage-backed securities — 30,013 — 30,013 Collateralized mortgage-backed securities — 54 — 54 Total $ — $ 30,567 $ — $ 30,567 As of December 31, 2018 Corporate debt obligations $ — $ 500 $ — $ 500 Residential mortgage-backed securities — 30,721 — 30,721 Collateralized mortgage-backed securities — 57 — 57 Loans held for sale 419 419 Total $ — $ 31,697 $ — $ 31,697
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 (Dollars in thousands) As of March 31, 2019 Collateral-dependent impaired loans $ — $ — $ 7,171 $ 7,171 OREO — — 5,156 5,156 As of December 31, 2018 Collateral-dependent impaired loans $ — $ — $ 6,921 $ 6,921 OREO — — 5,124 5,124
Summary of Carrying Value and Fair Value of Financial Instruments	The following table summarizes the carrying amounts and fair values for financial instruments at March 31, 2019 and December 31, 2018 : March 31, 2019 Carrying Amount Fair Value Total Level 1 Level 2 Level 3 (Dollars in thousands) Financial Assets: Cash and cash equivalents $ 188,518 $ 188,518 188,518 $ — $ — Investment securities AFS 30,567 30,567 — 30,567 — Investment securities HTM 1,126 1,346 — 1,346 — Restricted stock 5,858 5,858 — — 5,858 Loans, net 1,278,887 1,269,821 — 1,248,560 21,261 Accrued interest receivable 5,760 5,760 — 5,760 — Financial Liabilities: Non-time deposits $ 751,246 $ 751,246 $ — $ 751,246 $ — Time deposits 514,062 517,560 — 517,560 — Borrowings 118,053 115,135 — 115,135 — Accrued interest payable 1,786 1,786 — 1,786 — December 31, 2018 Carrying Amount Fair Value Total Level 1 Level 2 Level 3 (Dollars in thousands) Financial Assets: Cash and cash equivalents $ 154,471 $ 154,471 $ 154,471 $ — $ — Investment securities AFS 31,278 31,278 — 31,278 — Investment securities HTM 1,113 1,292 — 1,292 — Restricted stock 5,858 5,858 — — 5,858 Loans held for sale 419 419 — 419 — Loans, net 1,222,082 1,209,223 — 1,187,975 21,248 Accrued interest receivable 5,191 5,191 — 5,191 — Financial Liabilities: Non-time deposits $ 752,512 $ 752,512 $ — $ 752,512 $ — Time deposits 431,361 433,575 — 433,575 $ — Borrowings 118,053 118,965 — 118,965 — Accrued interest payable 1,390 1,390 — 1,390 $ —

REGULATORY MATTERS (Tables)

REGULATORY MATTERS (Tables)	3 Months Ended
	Mar. 31, 2019
Banking and Thrift [Abstract]
Quantitative Measures Established by Regulation to Ensure Capital Adequacy Minimum Amounts and Ratios	As of March 31, 2019 and December 31, 2018 , 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 March 31, 2019 Actual For Capital Adequacy For Capital Adequacy Purposes With Capital Conservation Buffer* To be Well Capitalized (Dollars in thousands except ratios) Amount Ratio Amount Ratio Amount Ratio Amount Ratio Company: Total risk-based capital $ 188,542 16.41 % $ 91,896 8.00 % $ 120,614 10.50 % $ 114,871 10.00 % Tier 1 risk-based capital 174,116 15.16 % 68,922 6.00 % 97,640 8.50 % 91,896 8.00 % Tier 1 leverage 174,116 12.01 % 58,006 4.00 % 58,006 4.00 % 72,508 5.00 % Tier 1 common equity 159,027 13.84 % 51,692 4.50 % 80,409 7.00 % 74,666 6.50 % Parke Bank: Total risk-based capital $ 188,231 16.39 % $ 91,864 8.00 % $ 120,571 10.50 % $ 114,830 10.00 % Tier 1 risk-based capital 173,810 15.14 % 68,898 6.00 % 97,605 8.50 % 91,864 8.00 % Tier 1 leverage 173,810 11.99 % 57,990 4.00 % 57,990 4.00 % 72,488 5.00 % Tier 1 common equity 172,257 15.00 % 51,673 4.50 % 80,381 7.00 % 74,639 6.50 % As of December 31, 2018 Actual For Capital Adequacy For Capital Adequacy Purposes With Capital Conservation Buffer* To be Well Capitalized (Dollars in thousands except ratios) Amount Ratio Amount Ratio Amount Ratio Amount Ratio Company: Total risk-based capital $ 182,316 16.73 % $ 87,164 8.00 % $ 107,592 9.88 % $ 108,954 10.00 % Tier 1 risk-based capital 168,629 15.48 % 65,373 6.00 % 85,802 7.88 % 87,164 8.00 % Tier 1 leverage 168,629 12.15 % 55,503 4.00 % 55,503 4.00 % 69,378 5.00 % Tier 1 common equity 153,020 14.04 % 49,029 4.50 % 69,458 6.38 % 70,820 6.50 % Parke Bank: Total risk-based capital $ 181,760 16.69 % $ 87,131 8.00 % $ 107,552 9.88 % $ 108,913 10.00 % Tier 1 risk-based capital 168,078 15.43 % 65,348 6.00 % 85,769 7.88 % 87,131 8.00 % Tier 1 leverage 168,078 12.10 % 55,569 4.00 % 55,569 4.00 % 69,461 5.00 % Tier 1 common equity 166,639 15.30 % 49,011 4.50 % 69,432 6.38 % 70,794 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).

ORGANIZATION (Details)

ORGANIZATION (Details)	3 Months Ended
	Mar. 31, 2019branch
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 ACCOUN_3

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2018branch	Mar. 31, 2019	Jan. 01, 2019USD ($)
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Number of retail branch locations | branch	3
Accounting Standards Update 2016-02
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Operating lease, right-of-use asset			$ 1,300
Operating lease, liability			1,300
Finance lease, right-of-use asset			750
Finance lease, liability			$ 750
Land lease for retail location
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Finance lease, contract term	99 years
Parke Direct Lending LLC
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Joint venture, ownership percentage		51.00%

INVESTMENT SECURITIES - Summary

INVESTMENT SECURITIES - Summary of Investments (Details) $ in Thousands	Mar. 31, 2019USD ($)security	Dec. 31, 2018USD ($)security
Available for sale:
Amortized cost	$ 30,918	$ 32,109
Gross unrealized gains	108	75
Gross unrealized losses	459	906
Fair value	30,567	31,278
Held to maturity:
Amortized cost	1,126	1,113
Fair value	1,346	1,292
Available-for-sale [Abstract]
Less Than 12 Months, Fair Value	0	12,665
12 Months or Greater, Fair value	22,416	14,527
Total, Fair Value	22,416	27,192
Less Than 12 Months, Unrealized Losses	0	257
12 Months or Greater, Unrealized Losses	459	649
Total, Unrealized Losses	459	906
Corporate debt obligations
Available for sale:
Amortized cost	500	500
Gross unrealized gains	0	0
Gross unrealized losses	0	0
Fair value	500	500
Residential mortgage-backed securities
Available for sale:
Amortized cost	30,365	31,553
Gross unrealized gains	107	74
Gross unrealized losses	459	906
Fair value	30,013	30,721
Available-for-sale [Abstract]
Less Than 12 Months, Fair Value	0	12,665
12 Months or Greater, Fair value	22,416	14,527
Total, Fair Value	22,416	27,192
Less Than 12 Months, Unrealized Losses	0	257
12 Months or Greater, Unrealized Losses	459	649
Total, Unrealized Losses	$ 459	$ 906
Collateralized Debt Obligations [Abstract]
Number of debt securities, loss position, 12 months or greater | security	10	9
Number of debt securities, loss position, less than 12 months | security		5
Collateralized mortgage obligations
Available for sale:
Amortized cost	$ 53	$ 56
Gross unrealized gains	1	1
Gross unrealized losses	0	0
Fair value	54	57
States and political subdivisions
Held to maturity:
Amortized cost	1,126	1,113
Gross unrealized gains	220	179
Gross unrealized losses	0	0
Fair value	$ 1,346	$ 1,292

INVESTMENT SECURITIES - Amortiz

INVESTMENT SECURITIES - Amortized Cost and Fair Value of Debt Securities (Details) - USD ($) $ in Thousands	Mar. 31, 2019	Dec. 31, 2018
Amortized Cost
Due within one year	$ 0
Due after one year through five years	241
Due after five years through ten years	13,711
Due after ten years	16,966
Amortized cost	30,918	$ 32,109
Fair Value
Due within one year	0
Due after one year through five years	231
Due after five years through ten years	13,588
Due after ten years	16,748
Total available for sale	30,567	31,278
Amortized Cost
Due within one year	0
Due after one year through five years	0
Due after five years through ten years	1,126
Due after ten years	0
Amortized cost	1,126	1,113
Fair Value
Due within one year	0
Due after one year through five years	0
Due after five years through ten years	1,346
Due after ten years	0
Total held to maturity	$ 1,346	$ 1,292

LOANS AND ALLOWANCE FOR LOAN _2

LOANS AND ALLOWANCE FOR LOAN LOSSES - Portfolio of Loans Outstanding (Details) - USD ($) $ in Thousands	Mar. 31, 2019	Dec. 31, 2018	Mar. 31, 2018
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans outstanding	$ 1,300,000
Unearned income, net deferred loan fees and unamortized discounts and premiums	96	$ 105
Loans held for sale	0	419
Portfolio of loans outstanding [Abstract]
Loans Amount	1,298,697	1,241,157	$ 1,041,940
Commercial
Portfolio of loans outstanding [Abstract]
Loans Amount	35,089	34,640	30,200
Real Estate | Real Estate Construction
Portfolio of loans outstanding [Abstract]
Loans Amount	145,054		102,356
Real Estate | Real Estate Construction | Construction
Portfolio of loans outstanding [Abstract]
Loans Amount	145,054	139,877
Real Estate | Real Estate Mortgage | Commercial – Owner Occupied
Portfolio of loans outstanding [Abstract]
Loans Amount	141,046	135,617	127,778
Real Estate | Real Estate Mortgage | Commercial – Non-owner Occupied
Portfolio of loans outstanding [Abstract]
Loans Amount	339,848	321,580	273,289
Real Estate | Real Estate Mortgage | Residential – 1 to 4 Family
Portfolio of loans outstanding [Abstract]
Loans Amount	564,238	545,391	442,805
Real Estate | Real Estate Mortgage | Residential – Multifamily
Portfolio of loans outstanding [Abstract]
Loans Amount	59,506	49,628	49,612
Consumer
Portfolio of loans outstanding [Abstract]
Loans Amount	$ 13,916	$ 14,424	$ 15,900

LOANS AND ALLOWANCE FOR LOAN _3

LOANS AND ALLOWANCE FOR LOAN LOSSES - Nonaccrual and Past Due Loans (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2019	Dec. 31, 2018	Mar. 31, 2018
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	$ 8,372	$ 3,362
Current	1,290,325	1,237,795
Total Loans	1,298,697	1,241,157	$ 1,041,940
Loans 90 Days and Accruing	0	0
30-59 Days Past Due
Age analysis of past due loans by class [Abstract]
Total Past Due	4,932	143
60-89 Days Past Due
Age analysis of past due loans by class [Abstract]
Total Past Due	0	154
Greater than 90 Days and Not Accruing
Age analysis of past due loans by class [Abstract]
Total Past Due	3,440	3,065
Commercial
Age analysis of past due loans by class [Abstract]
Total Past Due	13	14
Current	35,076	34,626
Total Loans	35,089	34,640	30,200
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	13	14
Real Estate | Real Estate Construction
Age analysis of past due loans by class [Abstract]
Total Loans	145,054		102,356
Real Estate | Real Estate Construction | Construction
Age analysis of past due loans by class [Abstract]
Total Past Due	1,365	1,365
Current	143,689	138,512
Total Loans	145,054	139,877
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	1,365
Real Estate | Real Estate Mortgage | Commercial – Owner Occupied
Age analysis of past due loans by class [Abstract]
Total Past Due	2,996	0
Current	138,050	135,617
Total Loans	141,046	135,617	127,778
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	2,996	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	0	0
Real Estate | Real Estate Mortgage | Commercial – Non-owner Occupied
Age analysis of past due loans by class [Abstract]
Total Past Due	1,936	0
Current	337,912	321,580
Total Loans	339,848	321,580	273,289
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	1,936	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	0	0
Real Estate | Real Estate Mortgage | Residential – 1 to 4 Family
Age analysis of past due loans by class [Abstract]
Total Past Due	2,062	1,921
Current	562,176	543,470
Total Loans	564,238	545,391	442,805
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	81
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	0	154
Real Estate | Real Estate Mortgage | Residential – 1 to 4 Family | Greater than 90 Days and Not Accruing
Age analysis of past due loans by class [Abstract]
Total Past Due	2,062	1,686
Real Estate | Real Estate Mortgage | Residential – Multifamily
Age analysis of past due loans by class [Abstract]
Total Past Due	0	0
Current	59,506	49,628
Total Loans	59,506	49,628	49,612
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	0	62
Current	13,916	14,362
Total Loans	13,916	14,424	$ 15,900
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	0	62
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	$ 0

LOANS AND ALLOWANCE FOR LOAN _4

LOANS AND ALLOWANCE FOR LOAN LOSSES - Allowance for Credit Losses (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018	Mar. 31, 2019	Dec. 31, 2018	Mar. 31, 2018
Allowance for Loan Losses [Roll Forward]
Beginning Balance	$ 19,075	$ 16,533
Charge-offs	0	(17)
Recoveries	35	165
Provisions (Credits)	700	400
Ending Balance	19,810	17,081
Allowances for loan losses, Individually evaluated for impairment			$ 611		$ 466
Allowances for loan losses, Collectively evaluated for impairment			19,199		16,615
Allowance for loan losses	19,075	16,533	19,810	$ 19,075	17,081
Loans, Individually evaluated for impairment			21,872		24,805
Loans, Collectively evaluated for impairment			1,276,825		1,017,135
Total Loans			1,298,697	1,241,157	1,041,940
Commercial
Allowance for Loan Losses [Roll Forward]
Beginning Balance	718	684
Charge-offs	0	0
Recoveries	6	20
Provisions (Credits)	(36)	(149)
Ending Balance	688	555
Allowances for loan losses, Individually evaluated for impairment			13		16
Allowances for loan losses, Collectively evaluated for impairment			675		539
Allowance for loan losses	718	684	688	718	555
Loans, Individually evaluated for impairment			13		16
Loans, Collectively evaluated for impairment			35,076		30,184
Total Loans			35,089	34,640	30,200
Real Estate | Real Estate Construction
Allowance for Loan Losses [Roll Forward]
Beginning Balance	1,694	2,068
Charge-offs	0	0
Recoveries	0	0
Provisions (Credits)	102	159
Ending Balance	1,796	2,227
Allowances for loan losses, Individually evaluated for impairment			80		132
Allowances for loan losses, Collectively evaluated for impairment			1,716		2,095
Allowance for loan losses	1,694	2,068	1,796	1,694	2,227
Loans, Individually evaluated for impairment			5,470		5,897
Loans, Collectively evaluated for impairment			139,584		96,459
Total Loans			145,054		102,356
Real Estate | Real Estate Construction | Construction
Allowance for Loan Losses [Roll Forward]
Total Loans			145,054	139,877
Real Estate | Real Estate Mortgage | Commercial – Owner Occupied
Allowance for Loan Losses [Roll Forward]
Beginning Balance	2,062	2,017
Charge-offs	0	0
Recoveries	6	136
Provisions (Credits)	(184)	(162)
Ending Balance	1,884	1,991
Allowances for loan losses, Individually evaluated for impairment			34		55
Allowances for loan losses, Collectively evaluated for impairment			1,850		1,936
Allowance for loan losses	2,062	2,017	1,884	2,062	1,991
Loans, Individually evaluated for impairment			2,338		3,699
Loans, Collectively evaluated for impairment			138,708		124,079
Total Loans			141,046	135,617	127,778
Real Estate | Real Estate Mortgage | Commercial – Non-owner Occupied
Allowance for Loan Losses [Roll Forward]
Beginning Balance	5,853	4,630
Charge-offs	0	0
Recoveries	21	5
Provisions (Credits)	524	146
Ending Balance	6,398	4,781
Allowances for loan losses, Individually evaluated for impairment			190		248
Allowances for loan losses, Collectively evaluated for impairment			6,208		4,533
Allowance for loan losses	5,853	4,630	6,398	5,853	4,781
Loans, Individually evaluated for impairment			11,167		12,004
Loans, Collectively evaluated for impairment			328,681		261,285
Total Loans			339,848	321,580	273,289
Real Estate | Real Estate Mortgage | Residential – 1 to 4 Family
Allowance for Loan Losses [Roll Forward]
Beginning Balance	7,917	6,277
Charge-offs	0	0
Recoveries	2	4
Provisions (Credits)	179	363
Ending Balance	8,098	6,644
Allowances for loan losses, Individually evaluated for impairment			294		15
Allowances for loan losses, Collectively evaluated for impairment			7,804		6,629
Allowance for loan losses	7,917	6,277	8,098	7,917	6,644
Loans, Individually evaluated for impairment			2,884		3,189
Loans, Collectively evaluated for impairment			561,354		439,616
Total Loans			564,238	545,391	442,805
Real Estate | Real Estate Mortgage | Residential – Multifamily
Allowance for Loan Losses [Roll Forward]
Beginning Balance	621	627
Charge-offs	0	0
Recoveries	0	0
Provisions (Credits)	122	21
Ending Balance	743	648
Allowances for loan losses, Individually evaluated for impairment			0		0
Allowances for loan losses, Collectively evaluated for impairment			743		648
Allowance for loan losses	621	627	743	621	648
Loans, Individually evaluated for impairment			0		0
Loans, Collectively evaluated for impairment			59,506		49,612
Total Loans			59,506	49,628	49,612
Consumer
Allowance for Loan Losses [Roll Forward]
Beginning Balance	210	230
Charge-offs	0	(17)
Recoveries	0	0
Provisions (Credits)	(7)	22
Ending Balance	203	235
Allowances for loan losses, Individually evaluated for impairment			0		0
Allowances for loan losses, Collectively evaluated for impairment			203		235
Allowance for loan losses	$ 210	$ 230	203	210	235
Loans, Individually evaluated for impairment			0		0
Loans, Collectively evaluated for impairment			13,916		15,900
Total Loans			$ 13,916	$ 14,424	$ 15,900

LOANS AND ALLOWANCE FOR LOAN _5

LOANS AND ALLOWANCE FOR LOAN LOSSES - Impaired Loans and Troubled Debt Restructurings (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018	Dec. 31, 2018
Recorded Investment
With no related allowance recorded	$ 1,507		$ 1,131
With an allowance recorded	20,365		20,726
Total recorded investment	21,872		21,857
Unpaid Principal Balance
With no related allowance recorded	1,507		1,131
With an allowance recorded	24,861		25,222
Total unpaid principal balance	26,368		26,353
Related Allowance
Total related allowance	611		610
Average recorded investment and interest income recognized [Abstract]
Average Recorded Investment	21,866	$ 29,629
Interest Income Recognized	250	258
Commercial
Recorded Investment
With no related allowance recorded	0		0
With an allowance recorded	13		14
Total recorded investment	13		14
Unpaid Principal Balance
With no related allowance recorded	0		0
With an allowance recorded	19		19
Total unpaid principal balance	19		19
Related Allowance
Total related allowance	13		14
Average recorded investment and interest income recognized [Abstract]
Average Recorded Investment	14	21
Interest Income Recognized	0	0
Real Estate | Real Estate Construction | Construction
Recorded Investment
With no related allowance recorded	0		0
With an allowance recorded	5,470		5,589
Total recorded investment	5,470		5,589
Unpaid Principal Balance
With no related allowance recorded	0		0
With an allowance recorded	9,960		10,080
Total unpaid principal balance	9,960		10,080
Related Allowance
Total related allowance	80		69
Average recorded investment and interest income recognized [Abstract]
Average Recorded Investment	5,530	10,512
Interest Income Recognized	45	48
Real Estate | Real Estate Mortgage | Commercial – Owner Occupied
Recorded Investment
With no related allowance recorded	0		0
With an allowance recorded	2,338		2,441
Total recorded investment	2,338		2,441
Unpaid Principal Balance
With no related allowance recorded	0		0
With an allowance recorded	2,338		2,441
Total unpaid principal balance	2,338		2,441
Related Allowance
Total related allowance	34		36
Average recorded investment and interest income recognized [Abstract]
Average Recorded Investment	2,390	3,774
Interest Income Recognized	43	48
Real Estate | Real Estate Mortgage | Commercial – Non-owner Occupied
Recorded Investment
With no related allowance recorded	0		0
With an allowance recorded	11,167		11,299
Total recorded investment	11,167		11,299
Unpaid Principal Balance
With no related allowance recorded	0		0
With an allowance recorded	11,167		11,299
Total unpaid principal balance	11,167		11,299
Related Allowance
Total related allowance	190		192
Average recorded investment and interest income recognized [Abstract]
Average Recorded Investment	11,233	12,081
Interest Income Recognized	152	148
Real Estate | Real Estate Mortgage | Residential – 1 to 4 Family
Recorded Investment
With no related allowance recorded	1,507		1,131
With an allowance recorded	1,377		1,383
Total recorded investment	2,884		2,514
Unpaid Principal Balance
With no related allowance recorded	1,507		1,131
With an allowance recorded	1,377		1,383
Total unpaid principal balance	2,884		2,514
Related Allowance
Total related allowance	294		299
Average recorded investment and interest income recognized [Abstract]
Average Recorded Investment	2,699	3,241
Interest Income Recognized	10	14
Real Estate | Real Estate Mortgage | Residential – Multifamily
Recorded Investment
With no related allowance recorded	0		0
With an allowance recorded	0		0
Total recorded investment	0		0
Unpaid Principal Balance
With no related allowance recorded	0		0
With an allowance recorded	0		0
Total unpaid principal balance	0		0
Related Allowance
Total related allowance	0		0
Average recorded investment and interest income recognized [Abstract]
Average Recorded Investment	0	0
Interest Income Recognized	0	0
Consumer
Recorded Investment
With no related allowance recorded	0		0
With an allowance recorded	0		0
Total recorded investment	0		0
Unpaid Principal Balance
With no related allowance recorded	0		0
With an allowance recorded	0		0
Total unpaid principal balance	0		0
Related Allowance
Total related allowance	0		$ 0
Average recorded investment and interest income recognized [Abstract]
Average Recorded Investment	0	0
Interest Income Recognized	$ 0	$ 0

LOANS AND ALLOWANCE FOR LOAN _6

LOANS AND ALLOWANCE FOR LOAN LOSSES - Troubled Debt Restructuring (Details)	3 Months Ended
	Mar. 31, 2019USD ($)	Mar. 31, 2018loan	Dec. 31, 2018USD ($)
Receivables [Abstract]
Number of projected future quarters under review	1 year
Performing TDRs	$ 18,400,000		$ 18,800,000
Debt coverage ratio	1.25
Nonperforming TDRs			277,000
Allowances for performing TDRs	$ 300,000		306,000
Allowance for nonperforming TDRs			$ 0
Number of loans modified as TDRs | loan		0
Subsequent default, number of contracts | loan		0

LOANS AND ALLOWANCE FOR LOAN _7

LOANS AND ALLOWANCE FOR LOAN LOSSES - Credit Quality Indicators (Details) - USD ($) $ in Thousands	Mar. 31, 2019	Dec. 31, 2018	Mar. 31, 2018
Financing Receivable, Recorded Investment [Line Items]
Loans	$ 1,298,697	$ 1,241,157	$ 1,041,940
Pass
Financing Receivable, Recorded Investment [Line Items]
Loans	1,283,717	1,226,129
OAEM
Financing Receivable, Recorded Investment [Line Items]
Loans	4,963	5,222
Substandard
Financing Receivable, Recorded Investment [Line Items]
Loans	10,017	9,806
Doubtful
Financing Receivable, Recorded Investment [Line Items]
Loans	0	0
Commercial
Financing Receivable, Recorded Investment [Line Items]
Loans	35,089	34,640	30,200
Commercial | Pass
Financing Receivable, Recorded Investment [Line Items]
Loans	35,076	34,626
Commercial | OAEM
Financing Receivable, Recorded Investment [Line Items]
Loans	0	0
Commercial | Substandard
Financing Receivable, Recorded Investment [Line Items]
Loans	13	14
Commercial | Doubtful
Financing Receivable, Recorded Investment [Line Items]
Loans	0	0
Real Estate | Real Estate Construction
Financing Receivable, Recorded Investment [Line Items]
Loans	145,054		102,356
Consumer
Financing Receivable, Recorded Investment [Line Items]
Loans	13,916	14,424	15,900
Consumer | Pass
Financing Receivable, Recorded Investment [Line Items]
Loans	13,916	14,424
Consumer | OAEM
Financing Receivable, Recorded Investment [Line Items]
Loans	0	0
Consumer | Substandard
Financing Receivable, Recorded Investment [Line Items]
Loans	0	0
Consumer | Doubtful
Financing Receivable, Recorded Investment [Line Items]
Loans	0	0
Construction | Real Estate | Real Estate Construction
Financing Receivable, Recorded Investment [Line Items]
Loans	145,054	139,877
Construction | Real Estate | Pass | Real Estate Construction
Financing Receivable, Recorded Investment [Line Items]
Loans	133,114	127,523
Construction | Real Estate | OAEM | Real Estate Construction
Financing Receivable, Recorded Investment [Line Items]
Loans	4,249	4,503
Construction | Real Estate | Substandard | Real Estate Construction
Financing Receivable, Recorded Investment [Line Items]
Loans	7,691	7,851
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	141,046	135,617	127,778
Commercial – Owner Occupied | Real Estate | Pass | Real Estate Mortgage
Financing Receivable, Recorded Investment [Line Items]
Loans	141,046	135,617
Commercial – Owner Occupied | Real Estate | OAEM | Real Estate Mortgage
Financing Receivable, Recorded Investment [Line Items]
Loans	0	0
Commercial – Owner Occupied | Real Estate | Substandard | Real Estate Mortgage
Financing Receivable, Recorded Investment [Line Items]
Loans	0	0
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	339,848	321,580	273,289
Commercial – Non-owner Occupied | Real Estate | Pass | Real Estate Mortgage
Financing Receivable, Recorded Investment [Line Items]
Loans	339,715	321,446
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	133	134
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	564,238	545,391	442,805
Residential – 1 to 4 Family | Real Estate | Pass | Real Estate Mortgage
Financing Receivable, Recorded Investment [Line Items]
Loans	561,344	542,865
Residential – 1 to 4 Family | Real Estate | OAEM | Real Estate Mortgage
Financing Receivable, Recorded Investment [Line Items]
Loans	714	719
Residential – 1 to 4 Family | Real Estate | Substandard | Real Estate Mortgage
Financing Receivable, Recorded Investment [Line Items]
Loans	2,180	1,807
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	59,506	49,628	$ 49,612
Residential – Multifamily | Real Estate | Pass | Real Estate Mortgage
Financing Receivable, Recorded Investment [Line Items]
Loans	59,506	49,628
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	Mar. 31, 2019	Dec. 31, 2018
Banking and Thrift [Abstract]
Deposits	$ 1,265,308	$ 1,183,873
Time deposits, above FDIC insurance limit	$ 71,500	$ 59,500

EQUITY AND CHANGES IN OTHER C_3

EQUITY AND CHANGES IN OTHER COMPREHENSIVE INCOME (LOSS) - Equity (Details) - USD ($)	Mar. 19, 2019	Mar. 31, 2019	Dec. 31, 2018	Mar. 31, 2018	Dec. 31, 2017
Class of Stock [Line Items]
Total equity		$ 161,115,000	$ 154,996,000	$ 138,911,000	$ 134,780,000
Common stock, dividends, declared (in dollars per share)	$ 0.14
Preferred stock dividends paid		10,850
Preferred Stock
Class of Stock [Line Items]
Total equity		$ 560,000	1,224,000	15,946,000	15,971,000
Conversion of stock, shares converted (in shares)		664
Common Stock
Class of Stock [Line Items]
Total equity		$ 1,104,000	$ 1,095,000	$ 831,000	$ 830,000
Shares issued upon conversion (in shares)		83,030
PDL LLC | Corporate Joint Venture
Class of Stock [Line Items]
Ownership percentage		51.00%

EQUITY AND CHANGES IN OTHER C_4

EQUITY AND CHANGES IN OTHER COMPREHENSIVE INCOME (LOSS) - Comprehensive Income (Loss) (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Equity [Abstract]
Net unrealized gains (losses) arising during the period	$ 480	$ (650)
Less: Amounts reclassified from accumulated other comprehensive income	0	0
Tax effect related to the unrealized loss during the periods	(119)	157
Total unrealized (losses) gains on investment securities	$ 361	$ (493)

EARNINGS PER SHARE ("EPS") (Det

EARNINGS PER SHARE ("EPS") (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Basic earnings per common share
Net income	$ 7,061	$ 5,760
Less: Dividend on series B preferred stock	1	239
Net income available to common shareholders	$ 7,060	$ 5,521
Average common shares outstanding (in shares)	10,744,896	8,822,255
Basic earnings per common share (in dollars per share)	$ 0.66	$ 0.63
Diluted earnings per common share
Net income available to common shares	$ 7,060	$ 5,521
Add: Dividend on series B preferred stock	$ 1	$ 239
Average common shares outstanding (in shares)	10,744,896	8,822,255
Dilutive potential common shares (in shares)	167,268	2,085,893
Total diluted average common shares outstanding (in shares)	10,912,164	10,908,148
Diluted earnings per common share (in dollars per share)	$ 0.65	$ 0.53
Common stock, dividend rate, percentage	10.00%

FAIR VALUE (Details)

FAIR VALUE (Details) - USD ($) $ in Thousands	Mar. 31, 2019	Dec. 31, 2018
Assets and liabilities measured at fair value on a recurring basis [Abstract]
Total available for sale	$ 30,567	$ 31,278
Financial Assets:
Investment securities AFS	30,567	31,278
Investment securities HTM	1,346	1,292
Estimate of Fair Value Measurement
Assets and liabilities measured at fair value on a recurring basis [Abstract]
Total available for sale	30,567	31,278
Financial Assets:
Cash and cash equivalents	188,518	154,471
Investment securities AFS	30,567	31,278
Investment securities HTM	1,346	1,292
Restricted stock	5,858	5,858
Loans held for sale		419
Loans, net	1,269,821	1,209,223
Accrued interest receivable	5,760	5,191
Financial Liabilities:
Non-time deposits	751,246	752,512
Time deposits	517,560	433,575
Borrowings	115,135	118,965
Accrued interest payable	1,786	1,390
Reported Value Measurement
Assets and liabilities measured at fair value on a recurring basis [Abstract]
Total available for sale	30,567	31,278
Financial Assets:
Cash and cash equivalents	188,518	154,471
Investment securities AFS	30,567	31,278
Investment securities HTM	1,126	1,113
Restricted stock	5,858	5,858
Loans held for sale		419
Loans, net	1,278,887	1,222,082
Accrued interest receivable	5,760	5,191
Financial Liabilities:
Non-time deposits	751,246	752,512
Time deposits	514,062	431,361
Borrowings	118,053	118,053
Accrued interest payable	1,786	1,390
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
Financial Assets:
Cash and cash equivalents	188,518	154,471
Investment securities AFS	0	0
Investment securities HTM	0	0
Restricted stock	0	0
Loans held for sale		0
Loans, net	0	0
Accrued interest receivable	0	0
Financial Liabilities:
Non-time deposits	0	0
Time deposits	0	0
Borrowings	0	0
Accrued interest payable	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	30,567	31,278
Financial Assets:
Cash and cash equivalents	0	0
Investment securities AFS	30,567	31,278
Investment securities HTM	1,346	1,292
Restricted stock	0	0
Loans held for sale		419
Loans, net	1,248,560	1,187,975
Accrued interest receivable	5,760	5,191
Financial Liabilities:
Non-time deposits	751,246	752,512
Time deposits	517,560	433,575
Borrowings	115,135	118,965
Accrued interest payable	1,786	1,390
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
Financial Assets:
Cash and cash equivalents	0	0
Investment securities AFS	0	0
Investment securities HTM	0	0
Restricted stock	5,858	5,858
Loans held for sale		0
Loans, net	21,261	21,248
Accrued interest receivable	0	0
Financial Liabilities:
Non-time deposits	0	0
Time deposits	0	0
Borrowings	0	0
Accrued interest payable	$ 0	0
Minimum
Fair value on a non-recurring basis [Abstract]
Underlying collateral less cost to sell percentage (in hundredths)	5.00%
Maximum
Fair value on a non-recurring basis [Abstract]
Underlying collateral less cost to sell percentage (in hundredths)	10.00%
Recurring
Assets and liabilities measured at fair value on a recurring basis [Abstract]
Corporate debt obligations	$ 500	500
Residential mortgage-backed securities	30,013	30,721
Collateralized mortgage-backed securities	54	57
Loans held for sale		419
Total available for sale	30,567	31,697
Financial Assets:
Investment securities AFS	30,567	31,697
Recurring | Level 1
Assets and liabilities measured at fair value on a recurring basis [Abstract]
Corporate debt obligations	0	0
Residential mortgage-backed securities	0	0
Collateralized mortgage-backed securities	0	0
Loans held for sale
Total available for sale	0	0
Financial Assets:
Investment securities AFS	0	0
Recurring | Level 2
Assets and liabilities measured at fair value on a recurring basis [Abstract]
Corporate debt obligations	500	500
Residential mortgage-backed securities	30,013	30,721
Collateralized mortgage-backed securities	54	57
Loans held for sale		419
Total available for sale	30,567	31,697
Financial Assets:
Investment securities AFS	30,567	31,697
Recurring | Level 3
Assets and liabilities measured at fair value on a recurring basis [Abstract]
Corporate debt obligations	0	0
Residential mortgage-backed securities	0	0
Collateralized mortgage-backed securities	0	0
Loans held for sale
Total available for sale	0	0
Financial Assets:
Investment securities AFS	0	0
Nonrecurring
Fair value on a non-recurring basis [Abstract]
Collateral-dependent impaired loans	7,171	6,921
OREO	5,156	5,124
Nonrecurring | Level 1
Fair value on a non-recurring basis [Abstract]
Collateral-dependent impaired loans	0	0
OREO	0	0
Nonrecurring | Level 2
Fair value on a non-recurring basis [Abstract]
Collateral-dependent impaired loans	0	0
OREO	0	0
Nonrecurring | Level 3
Fair value on a non-recurring basis [Abstract]
Collateral-dependent impaired loans	7,171	6,921
OREO	$ 5,156	$ 5,124

COMMITMENTS AND CONTINGENCIES (

COMMITMENTS AND CONTINGENCIES (Details) - USD ($)	3 Months Ended	12 Months Ended
	Mar. 31, 2019	Dec. 31, 2018
Debt Instrument [Line Items]
Deposits	$ 1,265,308,000	$ 1,183,873,000
Loan amount	1,300,000,000
Line of credit
Debt Instrument [Line Items]
Line of credit facility, maximum borrowing capacity	40,000,000
Line of credit, outstanding	0
Product concentration risk | Medical use cannabis customers, deposit balances
Debt Instrument [Line Items]
Deposits	$ 274,200,000	$ 253,800,000
Concentration risk, percentage	17.60%	21.40%
Two customers | Customer concentration risk | Medical use cannabis customers, deposit balances
Debt Instrument [Line Items]
Concentration risk, percentage	40.90%	65.90%
Cannabis related loan
Debt Instrument [Line Items]
Loan amount	$ 2,900,000	$ 970,000
Interest income	$ 30,500	$ 12,000

REGULATORY MATTERS (Details)

REGULATORY MATTERS (Details) - USD ($) $ in Thousands	Mar. 31, 2019	Dec. 31, 2018
Parke Bancorp, Inc.
Total Risk Based Capital (to Risk Weighted Assets) [Abstract]
Actual, Amount	$ 188,542	$ 182,316
For Capital Adequacy Purposes, Amount	91,896	87,164
Capital Required For Capital Adequacy With Capital Conservation Buffer	120,614	107,592
To be Well-Capitalized Under Prompt Corrective Action Provisions, Amount	114,871	108,954
Tier 1 Capital (to Risk Weighted Assets) [Abstract]
Actual, Amount	174,116	168,629
For Capital Adequacy Purposes, Amount	68,922	65,373
Tier One Risk Based Capital Required For Capital Adequacy With Capital Conservation Buffer	97,640	85,802
To be Well-Capitalized Under Prompt Corrective Action Provisions, Amount	$ 91,896	$ 87,164
Total Risk Based Capital and Tier 1 Capital (to Risk Weighted Assets) [Abstract]
Total Risk Based Capital, Actual, Ratio	16.41%	16.73%
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	10.50%	9.875%
Total Risk Based Capital, To be Well-Capitalized Under Prompt Corrective Action Provisions, Ratio	10.00%	10.00%
Tier 1 Capital, Actual, Ratio	15.16%	15.48%
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	8.50%	7.875%
Tier 1 Capital, To be Well-Capitalized Under Prompt Corrective Action Provisions, Ratio	8.00%	8.00%
Tier 1 Capital Common Equity , Actual, Ratio	13.84%	14.04%
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	7.00%	6.375%
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	$ 174,116	$ 168,629
For Capital Adequacy Purposes, Amount	58,006	55,503
Tier One Leverage Capital Required For Capital Adequacy With Capital Conservation Buffer	58,006	55,503
To be Well-Capitalized Under Prompt Corrective Action Provisions, Amount	$ 72,508	$ 69,378
Tier 1 Capital (to Average Assets) [Abstract]
Actual, Ratio	12.01%	12.15%
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	$ 159,027	$ 153,020
For Capital Adequacy Purposes, Amount	51,692	49,029
Common Equity Tier One Capital Required For Capital Adequacy With Capital Conservation Buffer	80,409	69,458
To be Well-Capitalized Under Prompt Corrective Action Provisions, Amount	74,666	70,820
Parke Bank
Total Risk Based Capital (to Risk Weighted Assets) [Abstract]
Actual, Amount	188,231	181,760
For Capital Adequacy Purposes, Amount	91,864	87,131
Capital Required For Capital Adequacy With Capital Conservation Buffer	120,571	107,552
To be Well-Capitalized Under Prompt Corrective Action Provisions, Amount	114,830	108,913
Tier 1 Capital (to Risk Weighted Assets) [Abstract]
Actual, Amount	173,810	168,078
For Capital Adequacy Purposes, Amount	68,898	65,348
Tier One Risk Based Capital Required For Capital Adequacy With Capital Conservation Buffer	97,605	85,769
To be Well-Capitalized Under Prompt Corrective Action Provisions, Amount	$ 91,864	$ 87,131
Total Risk Based Capital and Tier 1 Capital (to Risk Weighted Assets) [Abstract]
Total Risk Based Capital, Actual, Ratio	16.39%	16.69%
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	10.50%	9.875%
Total Risk Based Capital, To be Well-Capitalized Under Prompt Corrective Action Provisions, Ratio	10.00%	10.00%
Tier 1 Capital, Actual, Ratio	15.14%	15.43%
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	8.50%	7.875%
Tier 1 Capital, To be Well-Capitalized Under Prompt Corrective Action Provisions, Ratio	8.00%	8.00%
Tier 1 Capital Common Equity , Actual, Ratio	15.00%	15.30%
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	7.00%	6.375%
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	$ 173,810	$ 168,078
For Capital Adequacy Purposes, Amount	57,990	55,569
Tier One Leverage Capital Required For Capital Adequacy With Capital Conservation Buffer	57,990	55,569
To be Well-Capitalized Under Prompt Corrective Action Provisions, Amount	$ 72,488	$ 69,461
Tier 1 Capital (to Average Assets) [Abstract]
Actual, Ratio	11.99%	12.10%
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	$ 172,257	$ 166,639
For Capital Adequacy Purposes, Amount	51,673	49,011
Common Equity Tier One Capital Required For Capital Adequacy With Capital Conservation Buffer	80,381	69,432
To be Well-Capitalized Under Prompt Corrective Action Provisions, Amount	$ 74,639	$ 70,794

SUBSEQUENT EVENTS (Details)

SUBSEQUENT EVENTS (Details) - $ / shares	Apr. 16, 2019	Mar. 19, 2019
Subsequent Event [Line Items]
Common stock, dividends, declared (in dollars per share)		$ 0.14
Subsequent event
Subsequent Event [Line Items]
Common stock, dividends, declared (in dollars per share)	$ 0.16