First Western Financial (MYFW) 10-Q 6 Aug 20 2020 Q2 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	6 Months Ended
	Jun. 30, 2020	Jul. 31, 2020
Document And Entity Information Abstract
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Jun. 30, 2020
Document Transition Report	false
Entity File Number	001-38595
Entity Registrant Name	First Western Financial Inc
Entity Incorporation, State or Country Code	CO
Entity Tax Identification Number	37-1442266
Entity Address, Address Line One	1900 16th Street, Suite 1200
Entity Address, City or Town	Denver
Entity Address, State or Province	CO
Entity Address, Postal Zip Code	80202
City Area Code	303
Local Phone Number	531.8100
Title of 12(b) Security	Common Stock, no par value
Trading Symbol	MYFW
Security Exchange Name	NASDAQ
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Accelerated Filer
Entity Small Business	true
Entity Emerging Growth Company	true
Entity Ex Transition Period	true
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		7,951,749
Entity Central Index Key	0001327607
Current Fiscal Year End Date	--12-31
Document Fiscal Year Focus	2020
Document Fiscal Period Focus	Q2
Amendment Flag	false

CONDENSED CONSOLIDATED BALANCE

CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Jun. 30, 2020	Dec. 31, 2019
Cash and cash equivalents:
Cash and due from banks	$ 4,404	$ 4,180
Interest-bearing deposits in other financial institutions	187,272	74,458
Total cash and cash equivalents	191,676	78,638
Available-for-sale securities, at fair value	47,018	58,903
Correspondent bank stock, at cost	1,295	585
Mortgage loans held for sale	69,604	48,312
Loans, net of allowance of $10,354 and $7,875	1,412,086	990,132
Premises and equipment, net	5,201	5,218
Accrued interest receivable	5,108	3,048
Accounts receivable	4,616	5,238
Other receivables	1,543	1,006
Other real estate owned, net	658	658
Goodwill	24,191	19,686
Other intangible assets, net	76	28
Deferred tax assets, net	6,035	5,047
Company-owned life insurance	15,268	15,086
Other assets	23,141	16,544
Assets held for sale	3,010	3,553
Total assets	1,810,526	1,251,682
Deposits:
Noninterest-bearing	398,063	240,068
Interest-bearing	1,008,869	846,716
Total deposits	1,406,932	1,086,784
Borrowings:
Federal Home Loan Bank Topeka and Federal Reserve borrowings	222,313	10,000
Subordinated notes	14,444	6,560
Accrued interest payable	205	299
Other liabilities	27,080	20,244
Liabilities held for sale	135	117
Total liabilities	1,671,109	1,124,004
COMMITMENTS AND CONTINGENCIES
SHAREHOLDERS' EQUITY
Preferred stock - no par value; 10,000,000 shares authorized; 0 issued and outstanding
Convertible preferred stock - no par value; 150,000 shares authorized; 0 shares issued and outstanding
Common stock - no par value; 90,000,000 shares authorized; 7,939,024 and 7,940,168 shares issued and outstanding at June 30, 2020 and December 31, 2019, respectively
Additional paid-in capital	143,498	142,797
Accumulated deficit	(4,925)	(14,955)
Accumulated other comprehensive income (loss)	844	(164)
Total shareholders' equity	139,417	127,678
Total liabilities and shareholders' equity	$ 1,810,526	$ 1,251,682

CONDENSED CONSOLIDATED BALANC_2

CONDENSED CONSOLIDATED BALANCE SHEETS (Parenthetical) - USD ($) $ in Thousands	Jun. 30, 2020	Dec. 31, 2019
Allowance for loans	$ 10,354	$ 7,875
Preferred Stock, par value (in dollars per share)	$ 0	$ 0
Preferred Stock, shares authorized	10,000,000	10,000,000
Preferred Stock, shares issued	0	0
Preferred Stock, shares outstanding	0	0
Common Stock, par value (in dollars per share)	$ 0	$ 0
Common Stock, shares authorized	90,000,000	90,000,000
Common Stock, shares issued	7,939,024	7,940,168
Common Stock, shares outstanding	7,939,024	7,940,168
Convertible Preferred Stock
Preferred Stock, par value (in dollars per share)	$ 0	$ 0
Preferred Stock, shares authorized	150,000	150,000
Preferred Stock, shares issued	0	0
Preferred Stock, shares outstanding	0	0

CONDENSED CONSOLIDATED STATEMEN

CONDENSED CONSOLIDATED STATEMENTS OF INCOME - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Interest and dividend income:
Loans, including fees	$ 12,202	$ 10,600	$ 23,204	$ 20,818
Investment securities	224	331	519	641
Federal funds sold and other	44	243	259	765
Total interest and dividend income	12,470	11,174	23,982	22,224
Interest expense:
Deposits	1,319	2,995	3,712	5,904
Other borrowed funds	355	219	543	389
Total interest expense	1,674	3,214	4,255	6,293
Net interest income	10,796	7,960	19,727	15,931
Less: provision for (recovery of) credit losses	2,124	(78)	2,491	116
Net interest income, after provision for (recovery of) credit losses	8,672	8,038	17,236	15,815
Non-interest income:
Trust and investment management fees	4,609	4,693	9,340	9,363
Net gain on mortgage loans	10,173	3,262	12,654	4,718
Bank fees	221	341	589	630
Risk management and insurance fees	333	194	429	662
Income on company-owned life insurance	91	96	182	189
Total non-interest income	15,427	8,586	23,194	15,562
Total income before non-interest expense	24,099	16,624	40,430	31,377
Non-interest expense:
Salaries and employee benefits	6,690	7,699	15,172	15,317
Occupancy and equipment	1,515	1,398	2,955	2,805
Professional services	1,231	1,036	2,254	1,813
Technology and information systems	993	1,016	1,962	2,085
Data processing	1,037	742	1,884	1,429
Marketing	253	441	668	719
Amortization of other intangible assets	38	142	40	315
Goodwill impairment		1,572		1,572
Net loss on assets held for sale			553	(1,600)
Other	887	613	1,803	1,206
Total non-interest expense	12,644	14,659	27,291	27,261
Income before income taxes	11,455	1,965	13,139	4,116
Income tax expense	2,759	561	3,109	1,085
Net income available to common shareholders	$ 8,696	$ 1,404	$ 10,030	$ 3,031
Earnings per common share:
Basic	$ 1.10	$ 0.18	$ 1.27	$ 0.39
Diluted	$ 1.10	$ 0.18	$ 1.26	$ 0.39

CONDENSED CONSOLIDATED STATEM_2

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME
Net income	$ 8,696	$ 1,404	$ 10,030	$ 3,031
Other comprehensive income items:
Net change in unrealized gains on available-for-sale securities	1,931	981	1,334	2,043
Income tax effect	(330)	(253)	(326)	(528)
Total other comprehensive income items	1,601	728	1,008	1,515
Comprehensive income	$ 10,297	$ 2,132	$ 11,038	$ 4,546

CONDENSED CONSOLIDATED STATEM_3

CONDENSED CONSOLIDATED STATEMENTS OF SHAREHOLDERS' EQUITY - USD ($) $ in Thousands	Common Stock	Additional Paid-In Capital	Accumulated Deficit	Accumulated Other Comprehensive Income (loss)	Total
Balance at Beginning at Dec. 31, 2018		$ 141,359	$ (23,199)	$ (1,285)	$ 116,875
Balance at Beginning (in shares) at Dec. 31, 2018	7,968,420
Increase (Decrease) in Stockholders' Equity
Net income			3,031		3,031
Settlement of share awards		(110)			(110)
Settlement of share awards (in shares)	15,446
Adoption of ASU 2018-02			235	(235)	235
Other comprehensive income, net of tax				1,515	1,515
Stock-based compensation		846			846
Balance at Ending at Jun. 30, 2019		142,095	(19,933)	(5)	122,157
Balance at Ending (in shares) at Jun. 30, 2019	7,983,866
Balance at Beginning at Dec. 31, 2018		141,359	(23,199)	(1,285)	116,875
Balance at Beginning (in shares) at Dec. 31, 2018	7,968,420
Balance at Ending at Dec. 31, 2019		142,797	(14,955)	(164)	127,678
Balance at Ending (in shares) at Dec. 31, 2019	7,940,168
Balance at Beginning at Mar. 31, 2019		141,738	(21,337)	(733)	119,668
Balance at Beginning (in shares) at Mar. 31, 2019	7,968,420
Increase (Decrease) in Stockholders' Equity
Net income			1,404		1,404
Settlement of share awards		(110)			(110)
Settlement of share awards (in shares)	15,446
Other comprehensive income, net of tax				728	728
Stock-based compensation		467			467
Balance at Ending at Jun. 30, 2019		142,095	(19,933)	(5)	122,157
Balance at Ending (in shares) at Jun. 30, 2019	7,983,866
Balance at Beginning at Dec. 31, 2019		142,797	(14,955)	(164)	127,678
Balance at Beginning (in shares) at Dec. 31, 2019	7,940,168
Increase (Decrease) in Stockholders' Equity
Net income			10,030		10,030
Settlement of share awards		(170)			(170)
Settlement of share awards (in shares)	21,535
Other comprehensive income, net of tax				1,008	1,008
Stock repurchases		(370)			(370)
Stock repurchases (in shares)	(22,679)
Stock-based compensation		1,241			1,241
Balance at Ending at Jun. 30, 2020		143,498	(4,925)	844	139,417
Balance at Ending (in shares) at Jun. 30, 2020	7,939,024
Balance at Beginning at Mar. 31, 2020		143,081	(13,621)	(757)	128,703
Balance at Beginning (in shares) at Mar. 31, 2020	7,917,489
Increase (Decrease) in Stockholders' Equity
Net income			8,696		8,696
Settlement of share awards		(170)			(170)
Settlement of share awards (in shares)	21,535,000
Other comprehensive income, net of tax				1,601	1,601
Stock-based compensation		587			587
Balance at Ending at Jun. 30, 2020		$ 143,498	$ (4,925)	$ 844	$ 139,417
Balance at Ending (in shares) at Jun. 30, 2020	7,939,024

CONDENSED CONSOLIDATED STATEM_4

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019
Cash flows from operating activities
Net income	$ 10,030	$ 3,031
Adjustments to reconcile net income to net cash provided by (used in) operating activities:
Depreciation and amortization	552	1,011
Deferred income tax expense	(1,314)	(516)
Stock-based compensation	1,241	846
Provision for loan losses	2,491	116
Net amortization of investment securities	231	71
Stock dividends received on correspondent bank stock	(12)	(19)
Increase in cash surrender value of company-owned life insurance	(182)	(189)
Net gain on mortgage loans	(12,654)	(4,718)
Origination of mortgage loans held for sale	(541,222)	(228,313)
Proceeds from mortgage loans	526,355	212,371
Loss on assets held for sale	553	(1,600)
Loss on impairment of goodwill		1,572
Net changes in operating assets and liabilities:
Accounts receivable	633	(213)
Accrued interest receivable and other assets	(2,444)	(2,584)
Accrued interest payable and other liabilities	6,588	(59)
Net cash used in operating activities	(9,154)	(17,593)
Activity in available-for-sale securities:
Maturities, prepayments, and calls	12,662	3,831
Purchases		(10,390)
Purchases of correspondent bank stock	(698)	(1,237)
Redemption of correspondent bank stock		2,095
Purchases of premises and equipment	(523)	(280)
Net cash paid on acquisitions (Note 2)	(61,316)
Loan and note receivable originations and principal collections, net	(304,658)	(45,383)
Net cash used in investing activities	(354,533)	(51,364)
Cash flows from financing activities
Net change in deposits	257,068	67,419
Proceeds from subordinated notes	8,000
Settlement of restricted stock	(170)	(110)
Recognition of capitalized subordinated notes issuance costs	(116)
Repurchase of common stock	(370)
Proceeds from Federal Reserve borrowings	204,313
Payments to Federal Home Loan Bank Topeka borrowings	(27,000)	(46,286)
Proceeds from Federal Home Loan Bank Topeka borrowings	35,000	67,346
Net cash provided by financing activities	476,725	88,369
Net change in cash and cash equivalents	113,038	19,412
Cash and cash equivalents, beginning of year	78,638	73,357
Cash and cash equivalents, end of period	191,676	92,769
Supplemental cash flow information:
Interest paid on deposits and borrowed funds	4,349	6,250
Income tax payment, net of refunds received	1,122	630
Cash paid for amounts included in the measurement of lease liabilities	2,893	2,738
Supplemental noncash disclosures:
Adoption of ASU 2018-02 - Reclassification of stranded tax effects		235
Change in unrealized gain/(loss)	1,334	2,043
Lease right-of-use-asset obtained in exchange for lease liabilities	380	$ 16,580
Reclass of held for sale assets, net of liabilities	$ 10

ORGANIZATION AND SUMMARY OF SIG

ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	6 Months Ended
	Jun. 30, 2020
ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	NOTE 1 - ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Business and Basis of Presentation FWFI is a bank holding company with financial holding company status registered with the Board of Governors of the Federal Reserve System. FWFI wholly owns the following subsidiaries: First Western Trust Bank (the “Bank”), First Western Capital Management Company (“FWCM”), and Ryder, Stilwell Inc. (“RSI”). The Bank wholly owns the following subsidiaries, which are therefore indirectly wholly-owned by FWFI: First Western Merger Corporation (“Merger Corp.”), and RRI, LLC (“RRI”). RSI and RRI are not active operating entities. The Company provides a fully-integrated suite of wealth management services including, private banking, personal trust, investment management, mortgage loans, and institutional asset management services to individual and corporate clients principally in Colorado (metro Denver, Aspen, Boulder, Fort Collins and Vail Valley), Arizona (Phoenix and Scottsdale), California (Century City, Los Angeles) and Wyoming (Jackson Hole and Laramie). The Company’s revenues are generated from its full range of product offerings as noted above, but principally from net interest income (the interest income earned on the Bank’s assets net of funding costs), fee-based wealth advisory, investment management, asset management and personal trust services, and net gains earned on selling mortgage loans. The condensed consolidated financial statements have been prepared in conformity with accounting principles generally accepted in the United States of America (“GAAP”) for interim financial information and pursuant to the rules and regulations of the U.S. Securities and Exchange Commission (“SEC”). Accordingly, they do not include all the information and footnotes required by GAAP for complete financial statements. The December 31, 2019 condensed consolidated balance sheet has been derived from the audited financial statements for the year ended December 31, 2019. In the opinion of management, all adjustments that were recurring in nature and considered necessary have been included for fair presentation of the Company’s financial position and results of operations. Operating results for the three and six months ended June 30, 2020 are not necessarily indicative of results that may be expected for the full year ending December 31, 2020. In preparing the condensed consolidated financial statements, the Company is required to make estimates and assumptions that affect the reported amount of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could be significantly different from those estimates. The condensed consolidated financial statements and notes should be read in conjunction with the Company’s Annual Report on Form 10-K for the year ended December 31, 2019 as filed with the SEC. Consolidation On May 15, 2020, the Company completed a branch purchase and assumption transaction (“Branch Acquisition”) with Simmons Bank (“Simmons”). Management concluded that the acquisition represented a business combination, which is accounted for using the acquisition method, with the results of operations included in the Company’s consolidated financial statements as of the acquisition date. For additional information, see Note 2. Use of Estimates The Company could experience a material adverse effect on its business as a result of the impact of the COVID-19 pandemic, and the resulting governmental actions to curtail its spread. It is at least reasonably possible that information which was available at the date of the financial statements will change in the near term due to the COVID-19 pandemic and that the effect of the change would be material to the financial statements. The extent to which the COVID-19 pandemic will impact our estimates and assumptions is highly uncertain. Concentration of Risk Revenue Recognition Transition of LIBOR to an Alternative Reference Rate Certain of the Company’s assets and liabilities are indexed to LIBOR, with exposure extending past December 31, 2021. The Company is currently evaluating and planning for the eventual replacement of the LIBOR benchmark interest rate, including the possibility of SOFR as the dominant replacement. In general, the transition away from LIBOR may result in increased market risk, credit risk, operational risk and business risk for the Company. The Company has developed a LIBOR transition plan, which addresses governance, risk management, legal, operational, systems and operations, fallback language, and other aspects of planning. COVID-19 and CARES Act The CARES Act created the Paycheck Protection Program (“PPP”), which is administered by the Small Business Administration (“SBA”). The PPP is intended to provide loans to small businesses to pay their employees, rent, mortgage interest and utilities. The loans may be forgiven conditioned upon the client providing payroll documentation evidencing their compliant use of funds and otherwise complying with the terms of the program. The Bank is an approved SBA lender and supported the community and clients by originating PPP loans during the second quarter of 2020. PPP loans are classified in the Cash, Securities and Other portion of the loan portfolio. See Note 4 for further discussion on our PPP loans. As a result of the COVID-19 pandemic, a loan modification program was designed and implemented to assist our clients experiencing financial stress resulting from the economic impacts caused by the global pandemic. The Company offered loan extensions, temporary payment moratoriums, and financial covenant waivers for commercial and consumer borrowers impacted by the pandemic and had a risk rating of “pass” and had not been delinquent in making interest or principal payment by more than 30 days during the last two years. The CARES Act provides banks optional, temporary relief from accounting for certain loan modifications as troubled debt restructurings (‘TDR”). The modifications must be related to the adverse effects of COVID-19, and certain other criteria are required to be met in order to apply the relief. Interagency guidance from Federal Reserve and the Federal Deposit Insurance Corporation (“FDIC”) confirmed with the FASB that short-term modifications made on a good faith basis in response to COVID-19 to borrowers who were current prior to any relief, are not to be considered a TDR. We believe our loan modification program meets that definition and have not classified any of these modifications as a TDR at June 30, 2020. See Note 4 for further discussion on our loan modification program. Reclassifications Recently adopted accounting pronouncements In August 2018, the FASB issued ASU 2018-13, Fair Value Measurement—Changes to the Disclosure Requirements for Fair Value Measurement (Topic 820) (“ASU 2018-13”). ASU 2018-13 modifies the disclosure requirements on fair value measurements by requiring that Level 3 fair value disclosures include the range and weighted average of significant unobservable inputs used to develop those fair value measurements. For certain unobservable inputs, an entity may disclose other quantitative information in lieu of the weighted average if the entity determines that other quantitative information would be a more reasonable and rational method to reflect the distribution of unobservable inputs used to develop Level 3 fair value measurements. ASU 2018-13 was effective for the Company on January 1, 2020 and did not have a material impact on the Company’s financial statement disclosures. Recently issued accounting pronouncements, not yet adopted In February 2016, the FASB issued ASU 2016-13, Financial Instruments—Credit Losses (Topic 326) (“ASU 2016-13”). ASU 2016-13 replaces the incurred loss model with an expected loss model, which is referred to as the current expected credit loss (“CECL”) model. The CECL model is applicable to the measurement of credit losses on the financial assets measured at amortized cost, including loan receivables, held-to-maturity debt securities, and reinsurance receivables. It also applies to off-balance sheet credit exposures not accounted for as insurance (loan commitments, standby letters of credit, financial guarantees, and other similar instruments) and net investments in leases recognized by a lessor. For all other assets within the scope of CECL, a cumulative-effect adjustment will be recognized in retained earnings and the allowance for loan losses as of the beginning of the first reporting period in which the guidance is effective. ASU 2016-13 was set to be effective for most public companies on January 1, 2020. However, at the October 16, 2019 FASB meeting, the FASB voted unanimously to delay the effective date of CECL adoption for smaller reporting companies (“SRCs”) to January 1, 2023. During the three months ended June 30, 2020, the CECL committee of the Company continued to work through its implementation plan. The Company has integrated historical and current loan level data as required by CECL and is working with its third-party vendor solution to begin evaluating the methodologies available under the CECL model on its loan portfolios. The Company also continues to evaluate documentation requirements, internal control structure, relevant data sources, and system configurations. The Company has completed a successful integration of the required fields and historical data for key loan, client and collateral data within the third-party solution and has been able to run parallels of our current ALLL calculation in the software to compare to our internal calculation and reconcile known differences. The Company has started the process of selecting the methodologies to be used for each segment of its loan portfolio and started preliminarily testing to determine the impact of each methodology. Currently, we are unable to estimate the impact the adoption of this update will have on the consolidated financial statements and disclosures. However, the Company expects the impact of the adoption will be significantly influenced by the composition and characteristics of its loan portfolios along with economic conditions prevalent as of the date of adoption. The Company expects to implement the new standard beginning January 1, 2023. In January 2017, the FASB issued ASU 2017-04, Intangibles—Goodwill and Other (Topic 350): Simplifying the Test for Goodwill Impairment

ACQUISITIONS

ACQUISITIONS	6 Months Ended
	Jun. 30, 2020
ACQUISITIONS
ACQUISITIONS	NOTE 2 - ACQUISITIONS On February 10, 2020, the Company entered into a branch purchase and assumption agreement with Simmons, to acquire all of the Simmons’ Colorado locations, including three branches and one loan production office located in Denver, as well as certain deposits, loans and other assets. The transaction closed on May 15, 2020 with an aggregate purchase price of $61.6 million, including a deposit premium of 6.06%. Goodwill of $4.5 million was recognized in the transaction and represents expected synergies and cost savings resulting from combining the expanded footprint and expertise of the associates. The following table summarizes the estimated fair values of the assets acquired and liabilities assumed in the May 15, 2020 transaction with Simmons, and reflects all adjustments made to the fair value of the opening balance sheet through June 30, 2020 (in thousands): ​ ​ ​ ​ ​ ​ May 15, Fair value of consideration transferred ​ 2020 Cash consideration ​ $ 61,599 Total fair value of consideration transferred ​ ​ 61,599 ​ ​ ​ ​ Assets acquired ​ ​ ​ Cash and due from banks ​ ​ 283 Loans, net ​ ​ 119,552 Core deposit intangible ​ ​ 53 Accrued income and other assets ​ ​ 382 Total assets acquired ​ ​ 120,270 ​ ​ ​ ​ Liabilities assumed ​ ​ ​ Deposits ​ ​ 63,080 Accrued expenses and other liabilities ​ 96 Total liabilities assumed ​ ​ 63,176 Net assets acquired ​ ​ 57,094 Goodwill recognized ​ $ 4,505 ______________________________________ (1) The fair value of net assets acquired includes fair value adjustments to loans as of the acquisition date. The fair value adjustments were determined using discounted expected cash flows. Loans had a fair value of $119.6 million and a contractual balance of $120.6 million as of May 15, 2020. The discount on the loans acquired in this transaction due to anticipated credit loss, as well as considerations for market interest rates, totaled $1.1 million, representing 0.9% of their contractual balances. No allowance for loan losses related to acquired loans was brought over as a result of the Branch Acquisition. Loans acquired included short-term modifications made on a good faith basis by Simmons, in response to COVID-19. All of the modification were given additional review prior to the closing of the purchase and management determined that loans were performing prior to modification and were not considered impaired at purchase. There were no loans acquired that were considered to be purchased credit impaired (“PCI”) loans. The composition of the acquired loan portfolio as of May 15, 2020 is detailed in the table below (in thousands): ​ ​ ​ ​ ​ ​ May 15, ​ 2020 Cash, Securities and Other ​ $ 13,457 Construction and Development ​ 40,407 1-4 Family Residential ​ 7,252 Non-Owner Occupied Commercial Real Estate ("CRE") ​ 545 Owner Occupied CRE ​ ​ 321 Commercial and Industrial ​ ​ 58,660 Total gross loans ​ $ 120,642 ​ The Company incurred $0.3 million in expenses related to the acquisition during the three months ended June 30, 2020. Acquisition expenses, including professional fees, are included in the total noninterest expense line item in the condensed consolidated statement of income.

INVESTMENT SECURITIES

INVESTMENT SECURITIES	6 Months Ended
	Jun. 30, 2020
INVESTMENT SECURITIES
INVESTMENT SECURITIES	NOTE 3 - INVESTMENT SECURITIES The following presents the amortized cost and fair value of securities available-for-sale, with gross unrealized gains and losses recognized in accumulated other comprehensive income as of June 30, 2020 and December 31, 2019 (in thousands): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Gross ​ Gross ​ ​ ​ ​ ​ Amortized ​ Unrealized ​ Unrealized ​ Fair June 30, 2020 ​ Cost ​ Gains ​ Losses ​ Value Investment securities available-for-sale: ​ ​ ​ ​ U.S. Treasury debt ​ $ 250 ​ $ 7 ​ $ — ​ $ 257 Government National Mortgage Association ("GNMA") mortgage-backed securities – residential ​ 35,428 ​ 1,041 ​ — ​ 36,469 Federal National Mortgage Association ("FNMA") mortgage-backed securities – residential ​ ​ 2,646 ​ ​ 90 ​ ​ — ​ ​ 2,736 Corporate collateralized mortgage obligations ("CMO") and mortgage-backed securities ("MBS") ​ 7,557 ​ 111 ​ (112) ​ 7,556 Total securities available-for-sale ​ $ 45,881 ​ $ 1,249 ​ $ (112) ​ $ 47,018 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Gross Gross ​ ​ ​ ​ Amortized ​ Unrealized ​ Unrealized ​ Fair December 31, 2019 ​ Cost ​ Gains ​ Losses ​ Value Investment securities available-for-sale: ​ ​ ​ ​ U.S. Treasury debt ​ $ 250 ​ $ 4 ​ $ — ​ $ 254 GNMA mortgage-backed securities – residential ​ 45,490 ​ 157 ​ (335) ​ 45,312 FNMA mortgage-backed securities – residential ​ ​ 2,935 ​ ​ 11 ​ ​ (29) ​ ​ 2,917 Corporate CMO and MBS ​ 10,425 ​ 40 ​ (45) ​ 10,420 Total securities available-for-sale ​ $ 59,100 ​ $ 212 ​ $ (409) ​ $ 58,903 ​ At June 30, 2020, the amortized cost and estimated fair value of available-for-sale securities have contractual maturity dates shown in the table below (in thousands). Expected maturities will differ from contractual maturities because borrowers may have the right to call or prepay obligations with or without call or prepayment penalties. Securities not due at a single maturity date are shown separately. ​ ​ ​ ​ ​ ​ ​ ​ ​ Amortized Fair June 30, 2020 ​ Cost ​ Value Due after one year through five years ​ $ 250 ​ $ 257 Securities (agency and CMO) ​ 45,631 ​ 46,761 Total ​ $ 45,881 ​ $ 47,018 ​ In 2014 the Company began investing in a small business investment company (“SBIC”) fund administered by the Small Business Administration. During the six months ended June 30, 2020 and the year ended December 31, 2019, the Company invested $0.2 million and $0.4 million, respectively, in SBIC. At June 30, 2020 the Company held a balance of $1.8 million with SBIC which is included in other assets in the accompanying consolidated balance sheets. The Company may be obligated to invest up to an additional $1.2 million in future SBIC investments. At June 30, 2020 and December 31, 2019, securities with carrying values totaling $4.9 million and $5.5 million, respectively, were pledged to secure various public deposits and credit facilities of the Company. At June 30, 2020 and December 31, 2019, there were no holdings of securities of any one issuer, other than the U.S. Government sponsored entities and agencies, in an amount greater than 10%of shareholders’ equity. At June 30, 2020 and December 31, 2019, five securities and twenty-six securities, respectively, were in an unrealized loss position, with unrealized losses totaling $0.1 million and $0.4 million, respectively. The securities in a loss position have been in a continuous unrealized loss position for less than twelve months, and have a combined loss of $0.1 million as of June 30, 2020. The unrealized loss positions were caused primarily by interest rate changes and market assumptions about prepayments of principal and interest on the underlying mortgages. Because the decline in market value is attributable to market conditions, not credit quality, and because the Company has the ability and intent to hold these investments until a recovery of fair value, which may be near or at maturity, the Company does not consider these investments to be other-than-temporarily impaired at June 30, 2020. The following table summarizes securities with unrealized losses at June 30, 2020 and December 31, 2019, aggregated by major security type and length of time in a continuous unrealized loss position (in thousands, before tax): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Less than 12 Months 12 Months or Longer Total ​ ​ Fair ​ Unrealized ​ Fair ​ Unrealized ​ Fair ​ Unrealized June 30, 2020 ​ Value ​ Losses ​ Value ​ Losses ​ Value Losses Corporate CMO and MBS ​ 1,363 ​ (112) ​ — ​ — ​ 1,363 ​ (112) Total ​ $ 1,363 ​ $ (112) ​ $ — ​ $ — ​ $ 1,363 ​ $ (112) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Less than 12 Months 12 Months or Longer Total ​ ​ Fair ​ Unrealized ​ Fair ​ Unrealized ​ Fair ​ Unrealized December 31, 2019 Value ​ Losses ​ Value ​ Losses Value Losses GNMA mortgage-backed securities - residential ​ $ 28,203 ​ $ (193) ​ $ 4,450 ​ $ (142) ​ $ 32,653 ​ $ (335) FNMA mortgage-backed securities - residential ​ ​ — ​ ​ — ​ ​ 2,347 ​ ​ (29) ​ ​ 2,347 ​ ​ (29) Corporate CMO and MBS ​ 7,780 ​ (45) ​ — ​ — ​ 7,780 ​ (45) Total ​ $ 35,983 ​ $ (238) ​ $ 6,797 ​ $ (171) ​ $ 42,780 ​ $ (409) ​ The Company did not sell any securities during the three and six months ended June 30, 2020.

LOANS AND THE ALLOWANCE FOR LOA

LOANS AND THE ALLOWANCE FOR LOAN LOSSES	6 Months Ended
	Jun. 30, 2020
LOANS AND THE ALLOWANCE FOR LOAN LOSSES
LOANS AND THE ALLOWANCE FOR LOAN LOSSES	NOTE 4 - LOANS AND THE ALLOWANCE FOR LOAN LOSSES The following presents a summary of the Company’s loans as of the dates noted (in thousands): ​ ​ ​ ​ ​ ​ ​ ​ ​ June 30, ​ December 31, ​ 2020 2019 Cash, Securities and Other (1) ​ $ 371,111 ​ $ 146,701 Construction and Development ​ 74,793 ​ 28,120 1-4 Family Residential ​ 418,409 ​ 400,134 Non-Owner Occupied CRE ​ 229,150 ​ 165,179 Owner Occupied CRE ​ ​ 117,426 ​ ​ 127,968 Commercial and Industrial ​ ​ 213,271 ​ ​ 128,457 Total loans ​ 1,424,160 ​ 996,559 Deferred costs (fees) and unamortized premium/(unaccreted discounts), net ​ (1,720) ​ 1,448 Allowance for loan losses ​ (10,354) ​ (7,875) Loans, net ​ $ 1,412,086 ​ $ 990,132 ______________________________________ (1) As of June 30, 2020, total loans include $123.8 million of performing loans purchased as part of the Branch Acquisition. See Note 2 – Acquisitions for more information. The CARES Act created the PPP, which is administered by the SBA. The PPP is intended to provide loans to small businesses to pay their employees, rent, mortgage interest and utilities. The loans may be forgiven conditioned upon the client providing payroll documentation evidencing their compliant use of funds and otherwise complying with the terms of the program. The Bank is an approved SBA lender and at June 30, 2020 the Cash, Securities and Other portion of the loan portfolio included $204.6 million of PPP loans, or 55.1% of the total category. Loan Modifications As a result of the COVID-19 pandemic, a loan modification program was designed and implemented to assist our clients experiencing financial stress resulting from the economic impacts caused by the global pandemic. The Company was offering loan extensions, temporary payment moratoriums, and financial covenant waivers for commercial and consumer borrowers impacted by the pandemic who have a pass risk rating and have not been delinquent over 30 days on payments in the last two years. The Company modified 98 loans, including acquired loans, across multiple industries in the amount of $176.9 million during the six months ended June 30, 2020. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total Loans ​ # of Loans Modified ​ Outstanding Balance of Modified Loans ​ % of Total Loan Balance Modified ​ Cash, Securities and Other ​ $ 371,111 ​ ​ 7 ​ $ 5,570 ​ ​ 1.50 % Construction and Development ​ 74,793 ​ ​ 1 ​ ​ 3,814 ​ ​ 5.10 ​ 1-4 Family Residential ​ 418,409 ​ ​ 31 ​ ​ 41,690 ​ ​ 9.96 ​ Non-Owner Occupied CRE ​ ​ 229,150 ​ ​ 30 ​ ​ 65,491 ​ ​ 28.58 ​ Owner Occupied CRE ​ ​ 117,426 ​ ​ 10 ​ ​ 17,524 ​ ​ 14.92 ​ Commercial and Industrial ​ 213,271 ​ ​ 19 ​ ​ 42,765 ​ ​ 20.05 ​ Total Loans ​ $ 1,424,160 ​ ​ 98 ​ $ 176,854 ​ ​ 12.42 % ​ The CARES Act provides banks optional, temporary relief from accounting for certain loan modifications as a TDR. The modifications must be related to the adverse effects of COVID-19, and certain other criteria are required to be met in order to apply the relief. Interagency guidance from Federal Reserve and the FDIC confirmed with the FASB that short-term modifications made on a good faith basis in response to COVID-19 to borrowers who were current prior to any relief, are not to be considered TDRs. We believe our loan modification program meets that definition. In accordance with that guidance, the Company is recognizing interest income on all loans modified for temporary payment moratoriums, primarily for a period of 180 days or less. All loans modified in response to COVID-19 are classified as performing and pass rated as of June 30, 2020. These loans are included in the allowance for loan loss general reserve in accordance with ASC 450-20. Management has increased our loan level reviews and portfolio monitoring to address the changing environment. The Company continues to meet regularly with clients who could be more highly impacted by the recent COVID-19 pandemic. These are borrowers in industries we believe may be more impacted by the pandemic, for instance those loans where there may be a greater than 50% probability of a downgrade, covenant violation or 20% reduction in collateral position. Management believes the diversity of the loan portfolio is prudent and remains consistent with the credit culture and goals of the Bank. The following presents, by class, an aging analysis of the recorded investments (excluding accrued interest receivable, deferred loan fees, deferred costs, unamortized premium, and unaccreted discounts which are not material) in loans past due as of June 30, 2020 and December 31, 2019 (in thousands): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 30-59 60-89 90 or Total ​ ​ ​ Total ​ ​ Days ​ Days ​ More Days ​ Loans ​ ​ ​ ​ Recorded June 30, 2020 ​ Past Due ​ Past Due ​ Past Due ​ Past Due ​ Current ​ Investment Cash, Securities and Other ​ $ 1,199 ​ $ 400 ​ $ 1,493 ​ $ 3,092 ​ $ 368,019 ​ $ 371,111 Construction and Development ​ 2,567 ​ — ​ — ​ 2,567 ​ 72,226 ​ 74,793 1-4 Family Residential ​ 3,151 ​ 737 ​ — ​ 3,888 ​ 414,521 ​ 418,409 Non-Owner Occupied CRE ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ 229,150 ​ ​ 229,150 Owner Occupied CRE ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ 117,426 ​ ​ 117,426 Commercial and Industrial ​ 379 ​ — ​ 3,506 ​ 3,885 ​ 209,386 ​ 213,271 Total ​ $ 7,296 ​ $ 1,137 ​ $ 4,999 ​ $ 13,432 ​ $ 1,410,728 ​ $ 1,424,160 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 30-59 60-89 90 or Total ​ ​ ​ Total ​ ​ Days ​ Days ​ More Days ​ Loans ​ ​ ​ ​ Recorded December 31, 2019 ​ Past Due ​ Past Due ​ Past Due ​ Past Due ​ Current ​ Investment Cash, Securities and Other ​ $ 525 ​ $ — ​ $ — ​ $ 525 ​ $ 146,176 ​ $ 146,701 Construction and Development ​ — ​ — ​ — ​ — ​ 28,120 ​ 28,120 1-4 Family Residential ​ 5,688 ​ — ​ — ​ 5,688 ​ 394,446 ​ 400,134 Non-Owner Occupied CRE ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ 165,179 ​ ​ 165,179 Owner Occupied CRE ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ 127,968 ​ ​ 127,968 Commercial and Industrial ​ — ​ 3,110 ​ 907 ​ 4,017 ​ 124,440 ​ 128,457 Total ​ $ 6,213 ​ $ 3,110 ​ $ 907 ​ $ 10,230 ​ $ 986,329 ​ $ 996,559 ​ At June 30, 2020 and December 31, 2019, the Company did not have any loans which were more than 90 days delinquent and accruing interest. Non-Accrual Loans and Troubled Debt Restructurings The following presents the recorded investment in non-accrual loans by class as of the dates noted (in thousands): ​ ​ ​ ​ ​ ​ ​ ​ ​ June 30, ​ December 31, ​ 2020 2019 Cash, Securities and Other ​ $ 1,493 ​ $ 2,803 Commercial and Industrial ​ 4,325 ​ 4,412 Total ​ $ 5,818 ​ $ 7,215 ​ Non-accrual loans classified as TDR accounted for $5.8 million of the recorded investment at June 30, 2020 and $7.2 million at December 31, 2019, respectively. Non-accrual loans are classified as impaired loans and individually evaluated for impairment. The following presents a summary of the unpaid principal balance of loans classified as TDRs by loan type and delinquency status as of the dates noted (in thousands): ​ ​ ​ ​ ​ ​ ​ ​ ​ June 30, ​ December 31, ​ 2020 2019 Accruing ​ ​ ​ ​ ​ ​ Commercial and Industrial ​ $ 5,636 ​ $ 5,055 Non-accrual ​ ​ ​ ​ ​ ​ Cash, Securities, and Other ​ ​ 1,493 ​ ​ 2,803 Commercial and Industrial ​ ​ 4,325 ​ ​ 4,412 ​ ​ ​ ​ ​ ​ ​ Allowance for loan associated with TDR ​ (1,179) ​ (833) Net recorded investment ​ $ 10,275 ​ $ 11,437 ​ At June 30, 2020 and December 31, 2019, the Company had extended an additional $0.8 million and $0.2 million to a Commercial and Industrial borrower with a loan classified as a TDR for operational needs as allowed under the commitment. The majority owner for this borrower provided $1.5 million of pledged cash as collateral in 2019 which is still held by the Company, in exchange for this additional funding. The Company modified one loan into a TDR during the three and six months ended June 30, 2020. The Borrower was struggling to make payments in accordance with the original contract terms. The Company restructured the loan including receiving a large paydown and extended the maturity and lowered the interest rate as a result of the Borrower’s financial difficulties. The loan was making payments as agreed for the three and six months ended June 30, 2020. The Company modified one borrower relationship with two loans into a TDR for the year ended December 31, 2019. The borrower, who has loans that are classified as Commercial and Industrial, was not making payments in accordance with the original contract terms. The modification included an extension of the maturity date that the Company would not have otherwise considered as a result of the Borrower’s difficulties. The extension of maturity was for a period of approximately nine months. The borrower was not making payments as agreed for the three and six months ended June 30, 2020. TDRs are reviewed individually for impairment and are included in the Company’s specific reserves in the allowance for loan losses. If charged off, the amount of the charge-off is included in the Company’s charge-off factors, which impact the Company’s reserves on non-impaired loans. The following table presents impaired loans by portfolio and related valuation allowance as of the periods presented (in thousands): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ June 30, 2020 ​ December 31, 2019 ​ ​ ​ Unpaid Allowance ​ ​ ​ Unpaid Allowance ​ ​ Total ​ Contractual ​ for ​ Total ​ Contractual ​ for ​ ​ Recorded ​ Principal ​ Loan ​ Recorded ​ Principal ​ Loan ​ ​ Investment ​ Balance ​ Losses ​ Investment ​ Balance ​ Losses Impaired loans with a valuation allowance: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Commercial and Industrial ​ $ 3,434 ​ $ 3,434 ​ $ 1,179 ​ $ 4,412 ​ $ 4,412 ​ $ 833 Total ​ $ 3,434 ​ $ 3,434 ​ $ 1,179 ​ $ 4,412 ​ $ 4,412 ​ $ 833 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Impaired loans with no related valuation allowance: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Cash, Securities, and Other ​ $ 1,493 ​ $ 1,493 ​ $ — ​ $ 2,803 ​ $ 2,803 ​ $ — Commercial and Industrial ​ ​ 6,527 ​ ​ 6,527 ​ ​ — ​ ​ 5,055 ​ ​ 5,055 ​ ​ — Total ​ $ 8,020 ​ $ 8,020 ​ $ — ​ $ 7,858 ​ $ 7,858 ​ $ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total impaired loans: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Cash, Securities, and Other ​ $ 1,493 ​ $ 1,493 ​ $ — ​ $ 2,803 ​ $ 2,803 ​ $ — Commercial and Industrial ​ ​ 9,961 ​ ​ 9,961 ​ ​ 1,179 ​ ​ 9,467 ​ ​ 9,467 ​ ​ 833 Total ​ $ 11,454 ​ $ 11,454 ​ $ 1,179 ​ $ 12,270 ​ $ 12,270 ​ $ 833 The recorded investment in loans in the previous tables excludes accrued interest, deferred loan fees and costs and unamortized premium/discounts which are not material. Interest income, if any, was recognized on the cash basis on non-accrual loans. The average balance of impaired loans and interest income recognized on impaired loans during the three months ended June 30, 2020 and 2019 are included in the table below (in thousands): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three Months Ended June 30, ​ ​ 2020 ​ 2019 ​ ​ Average ​ Interest ​ Average ​ Interest ​ ​ Recorded ​ Income ​ Recorded ​ Income ​ ​ Investment ​ Recognized ​ Investment ​ Recognized Impaired loans with a valuation allowance: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Commercial and Industrial ​ $ 3,462 ​ $ — ​ $ 1,235 ​ $ — Total ​ $ 3,462 ​ $ — ​ $ 1,235 ​ $ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Impaired loans with no related valuation allowance: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Cash, Securities, and Other ​ $ 1,493 ​ $ — ​ $ 8,042 ​ $ — Commercial and Industrial ​ ​ 5,998 ​ ​ 84 ​ ​ 5,268 ​ ​ 68 1-4 Family Residential ​ ​ — ​ ​ — ​ ​ 412 ​ ​ 26 Total ​ $ 7,491 ​ $ 84 ​ $ 13,722 ​ $ 94 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total impaired loans: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Cash, Securities, and Other ​ $ 1,493 ​ $ — ​ $ 8,042 ​ $ — Commercial and Industrial ​ ​ 9,460 ​ ​ 84 ​ ​ 6,503 ​ ​ 68 1-4 Family Residential ​ ​ — ​ ​ — ​ ​ 412 ​ ​ 26 Total ​ $ 10,953 ​ $ 84 ​ $ 14,957 ​ $ 94 ​ The average balance of impaired loans and interest income recognized on impaired loans during the six months ended June 30, 2020 and 2019 are included in the table below (in thousands): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Six Months Ended June 30, ​ ​ 2020 ​ 2019 ​ ​ Average ​ Interest ​ Average ​ Interest ​ ​ Recorded ​ Income ​ Recorded ​ Income ​ ​ Investment ​ Recognized ​ Investment ​ Recognized Impaired loans with a valuation allowance: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Commercial and Industrial ​ $ 3,476 ​ $ — ​ $ 1,398 ​ $ — Total ​ $ 3,476 ​ $ — ​ $ 1,398 ​ $ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Impaired loans with no related valuation allowance: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Cash, Securities, and Other ​ $ 1,925 ​ $ — ​ $ 9,072 ​ $ — Commercial and Industrial ​ ​ 5,991 ​ ​ 165 ​ ​ 5,131 ​ ​ 188 1-4 Family Residential ​ ​ — ​ ​ — ​ ​ 412 ​ ​ 51 Total ​ $ 7,916 ​ $ 165 ​ $ 14,615 ​ $ 239 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total impaired loans: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Cash, Securities, and Other ​ $ 1,925 ​ $ — ​ $ 9,072 ​ $ — Commercial and Industrial ​ ​ 9,467 ​ ​ 165 ​ ​ 6,529 ​ ​ 188 1-4 Family Residential ​ ​ — ​ ​ — ​ ​ 412 ​ ​ 51 Total ​ $ 11,392 ​ $ 165 ​ $ 16,013 ​ $ 239 ​ Allowance for Loan Losses The provision for loan losses for the six months ended June 30, 2020 was $2.5 million compared to $0.1 million for the same period in 2019, primarily reflecting strong loan growth along with an increase based on the additional variability surrounding the COVID-19 loan modifications made during the quarter and increased economic uncertainty. Allocation of a portion of the allowance for loan losses to one category of loans does not preclude its availability to absorb losses in other categories. The following presents the activity in the Company’s allowance for loan losses by portfolio class for the periods presented (in thousands): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Cash, ​ Construction ​ 1-4 ​ Non-Owner ​ Owner ​ Commercial ​ ​ ​ ​ Securities ​ and ​ Family ​ Occupied ​ Occupied ​ and ​ ​ ​ and Other ​ Development ​ Residential ​ CRE ​ CRE ​ Industrial ​ Total Changes in allowance for loan losses for the three months ended June 30, 2020 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Beginning balance ​ $ 1,092 ​ $ 186 ​ $ 3,008 ​ $ 1,403 ​ $ 884 ​ $ 1,669 ​ $ 8,242 Provision for (recovery of) loan losses ​ 1,345 ​ 298 ​ (300) ​ 80 ​ (124) ​ 825 ​ 2,124 Charge-offs ​ (24) ​ — ​ — ​ — ​ — ​ — ​ (24) Recoveries ​ 12 ​ — ​ — ​ — ​ — ​ — ​ 12 Ending balance ​ $ 2,425 ​ $ 484 ​ $ 2,708 ​ $ 1,483 ​ $ 760 ​ $ 2,494 ​ $ 10,354 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Changes in allowance for loan losses for the six months ended June 30, 2020 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Beginning balance ​ $ 1,058 ​ $ 200 ​ $ 2,850 ​ $ 1,176 ​ $ 911 ​ $ 1,680 ​ $ 7,875 Provision for (recovery of) loan losses ​ 1,379 ​ $ 284 ​ $ (142) ​ $ 307 ​ $ (151) ​ $ 814 ​ 2,491 Charge-offs ​ (24) ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ (24) Recoveries ​ 12 ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ 12 Ending balance ​ $ 2,425 ​ $ 484 ​ $ 2,708 ​ $ 1,483 ​ $ 760 ​ $ 2,494 ​ $ 10,354 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Allowance for loan losses at June 30, 2020 allocated to loans evaluated for impairment: ​ ​ ​ ​ ​ ​ ​ Individually ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ 1,179 ​ $ 1,179 Collectively ​ 2,425 ​ 484 ​ 2,708 ​ 1,483 ​ 760 ​ 1,315 ​ 9,175 Ending balance ​ $ 2,425 ​ $ 484 ​ $ 2,708 ​ $ 1,483 ​ $ 760 ​ $ 2,494 ​ $ 10,354 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Loans at June 30, 2020, evaluated for impairment: ​ ​ ​ ​ ​ ​ ​ Individually ​ $ 1,493 ​ $ — ​ $ — ​ $ — ​ $ — ​ $ 9,961 ​ $ 11,454 Collectively ​ 369,618 ​ 74,793 ​ 418,409 ​ 229,150 ​ 117,426 ​ 203,310 ​ 1,412,706 Ending balance ​ $ 371,111 ​ $ 74,793 ​ $ 418,409 ​ $ 229,150 ​ $ 117,426 ​ $ 213,271 ​ $ 1,424,160 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Cash, ​ Construction ​ 1-4 ​ Non-Owner ​ Owner ​ Commercial ​ ​ ​ ​ Securities ​ and ​ Family ​ Occupied ​ Occupied ​ and ​ ​ ​ and Other ​ Development ​ Residential ​ CRE ​ CRE ​ Industrial ​ Total Changes in allowance for loan losses for the three months ended June 30, 2019 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Beginning balance ​ $ 877 ​ $ 266 ​ $ 2,588 ​ $ 1,235 ​ $ 780 ​ $ 1,899 ​ $ 7,645 Provision for (recovery of) loan losses ​ 164 ​ 24 ​ 62 ​ (149) ​ 20 ​ (199) ​ (78) Charge-offs ​ — ​ — ​ — ​ — ​ — ​ — ​ — Recoveries ​ 8 ​ — ​ — ​ — ​ — ​ — ​ 8 Ending balance ​ $ 1,049 ​ $ 290 ​ $ 2,650 ​ $ 1,086 ​ $ 800 ​ $ 1,700 ​ $ 7,575 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Changes in allowance for loan losses for the six months ended June 30, 2019 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Beginning balance ​ $ 764 ​ $ 232 ​ $ 2,552 ​ $ 1,264 ​ $ 789 ​ $ 1,850 ​ $ 7,451 Provision for (recovery of) loan losses ​ 277 ​ 58 ​ 98 ​ (178) ​ 11 ​ (150) ​ 116 Charge-offs ​ — ​ — ​ — ​ — ​ — ​ — ​ — Recoveries ​ 8 ​ — ​ — ​ — ​ — ​ — ​ 8 Ending balance ​ $ 1,049 ​ $ 290 ​ $ 2,650 ​ $ 1,086 ​ $ 800 ​ $ 1,700 ​ $ 7,575 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Allowance for loan losses at December 31, 2019 allocated to loans evaluated for impairment: ​ ​ ​ ​ ​ ​ ​ Individually ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ 833 ​ $ 833 Collectively ​ 1,058 ​ 200 ​ 2,850 ​ 1,176 ​ 911 ​ 847 ​ 7,042 Ending balance ​ $ 1,058 ​ $ 200 ​ $ 2,850 ​ $ 1,176 ​ $ 911 ​ $ 1,680 ​ $ 7,875 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Loans at December 31, 2019, evaluated for impairment: ​ ​ ​ ​ ​ ​ ​ Individually ​ $ 2,803 ​ $ — ​ $ — ​ $ — ​ $ — ​ $ 9,467 ​ $ 12,270 Collectively ​ 143,898 ​ 28,120 ​ 400,134 ​ 165,179 ​ 127,968 ​ 118,990 ​ 984,289 Ending balance ​ $ 146,701 ​ $ 28,120 ​ $ 400,134 ​ $ 165,179 ​ $ 127,968 ​ $ 128,457 ​ $ 996,559 The Company categorizes loans into risk categories based on relevant information about the ability of the borrowers to service their debt such as: current financial information, historical payment experience, credit documentation, public information, and current economic trends, among other factors. The Company analyzes loans individually by classifying the loans by credit risk on a quarterly basis. The Company uses the following definitions for risk ratings: Special Mention—Loans classified as special mention have a potential weakness or borrowing relationships that require more than the usual amount of management attention. Adverse industry conditions, deteriorating financial conditions, declining trends, management problems, documentation deficiencies or other similar weaknesses may be evident. Ability to meet current payment schedules may be questionable, even though interest and principal are still being paid as agreed. The asset has potential weaknesses that may result in deteriorating repayment prospects if left uncorrected. Loans in this risk grade are not considered adversely classified. Substandard—Substandard loans are considered “classified” and are inadequately protected by the current net worth and paying capacity of the obligor or by the collateral pledged, if any. Loans so classified have a well-defined weakness or weaknesses that jeopardizes the liquidation of the debt. They are characterized by the distinct possibility that the Bank will sustain some loss if the deficiencies are not corrected. Loans in this category may be placed on non-accrual status and may individually be evaluated for impairment if indicators of impairment exist. Doubtful—Loans graded doubtful are considered “classified” and have all the weaknesses inherent in those classified as substandard with the added characteristic that the weaknesses make collection or liquidation in full, on the basis of currently known facts, conditions and values, highly questionable and improbable. However, the amount of certainty of eventual loss is not known because of specific pending factors. Loans not meeting any of the three criteria above are considered to be pass-rated loans. The following presents, by class and by credit quality indicator, the recorded investment in the Company’s loans as of June 30, 2020 and December 31, 2019 (in thousands): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Special ​ ​ ​ ​ ​ June 30, 2020 Pass Mention Substandard ​ Total Cash, Securities and Other ​ $ 369,618 ​ $ — ​ $ 1,493 ​ $ 371,111 Construction and Development ​ 74,793 ​ — ​ — ​ 74,793 1-4 Family Residential ​ ​ 413,514 ​ ​ — ​ ​ 4,895 ​ ​ 418,409 Non-Owner Occupied CRE ​ ​ 223,903 ​ ​ 5,247 ​ ​ — ​ ​ 229,150 Owner Occupied CRE ​ ​ 116,933 ​ ​ 493 ​ ​ — ​ ​ 117,426 Commercial and Industrial ​ 200,556 ​ — ​ 12,715 ​ 213,271 Total ​ $ 1,399,317 ​ $ 5,740 ​ $ 19,103 ​ $ 1,424,160 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Special ​ ​ ​ ​ ​ December 31, 2019 Pass Mention Substandard ​ Total Cash, Securities and Other ​ $ 143,898 ​ $ — ​ $ 2,803 ​ $ 146,701 Construction and Development ​ ​ 28,120 ​ — ​ — ​ 28,120 1-4 Family Residential ​ ​ 395,224 ​ ​ — ​ ​ 4,910 ​ ​ 400,134 Non-Owner Occupied CRE ​ ​ 164,021 ​ ​ 1,158 ​ ​ — ​ ​ 165,179 Owner Occupied CRE ​ 127,968 ​ ​ — ​ ​ — ​ ​ 127,968 Commercial and Industrial ​ 114,241 ​ — ​ 14,216 ​ 128,457 Total ​ $ 973,472 ​ $ 1,158 ​ $ 21,929 ​ $ 996,559 The Company had no loans graded doubtful as of June 30, 2020 and December 31, 2019.

GOODWILL

GOODWILL	6 Months Ended
	Jun. 30, 2020
Goodwill.
Goodwill	NOTE 5 - GOODWILL Changes in the carrying amount of goodwill were as follows (in thousands): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Wealth Management ​ Capital Management ​ Consolidated ​ ​ Wealth Management ​ Capital Management ​ ​ Consolidated ​ June 30, 2020 ​ December 31, 2019 Beginning balance $ 15,994 $ 3,692 $ 19,686 ​ $ 15,994 $ 8,817 ​ $ 24,811 Impairment ​ — ​ — ​ — ​ ​ — ​ (1,572) ​ ​ (1,572) Reclass to held or sale ​ — ​ — ​ — ​ ​ — ​ (3,553) ​ ​ (3,553) Acquisition activity ​ 4,505 ​ — ​ 4,505 ​ ​ — ​ — ​ ​ — Ending balance $ 20,499 $ 3,692 $ 24,191 ​ $ 15,994 $ 3,692 ​ $ 19,686 ​ During the three months ended June 30, 2020, the Company recognized $4.5 million of goodwill as a result of the Branch Acquisition on May 15, 2020. For additional information on goodwill and other intangible related to the acquisition, see Note 2 –Acquisitions. Goodwill is tested annually for impairment on October 31 or earlier upon the occurrence of certain events. The Company performed a qualitative assessment of significant events and circumstances as of June 30, 2020 including reporting units historical and current results, assumptions regarding future performance, overall economic factors, including COVID-19, and macroeconomic developments, to determine the existence of potential indicators of impairment and assess if it is more likely than not that the fair value of reporting units are less than their carrying value. If indicators of impairment are identified a quantitative impairment test is performed. Based on the operating results for the six months ended June 30, 2020 and other considerations, the Company believes that it is more likely than not that the value for each of its reporting units is still greater than their carrying values. During 2019, the Company received an unsolicited offer to purchase its Los Angeles-based fixed income team, a portion of the Capital Management segment. This resulted in performing an interim goodwill analysis and we recorded a goodwill impairment loss of $1.6 million in the Capital Management segment during 2019. Additionally, goodwill was allocated based on the relative fair value for the portion of the segment held for sale, in the amount of $3.6 million, and was reclassified to assets held for sale in 2019. As of June 30, 2020, the remaining value of goodwill in the Capital Management segment was $3.7 million. For changes related to the portion of goodwill reclassified to assets held for sale, see Note 15 – Assets and Other Liabilities Classified as Held for Sale.

LEASES

LEASES	6 Months Ended
	Jun. 30, 2020
LEASES
LEASES	NOTE 6 - LEASES A lease is defined as a contract that conveys the right to control the use of identified property, plant, or equipment (an identified asset) for a period of time in exchange for consideration. The Company adopted ASC 842 on January 1, 2019 and recorded an initial right-of-use asset and related lease liability of $12.9 million and $16.6 million, respectively, on the adoption date. There was no cumulative effect upon adoption. Leases in which the Company is determined to be the lessee are primarily operating leases comprised of real estate property and office space for our corporate headquarters and profit centers with terms that extend to 2025. Certain properties contain portions that are subleased with terms that extend through 2020. In accordance with ASC 842, operating leases are required to be recognized as a right-of-use asset with a corresponding lease liability. The following table presents the classification of the right-of-use asset and corresponding liability within the condensed consolidated balance sheet. The Company elected to not include short-term leases with initial terms of twelve months or less, on the condensed consolidated balance sheet, (in thousands). ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ June 30, ​ December 31, ​ ​ ​ 2020 ​ 2019 Lease Right-of-Use Assets Classification ​ ​ ​ ​ ​ ​ Operating lease right-of-use assets Other assets ​ $ 9,427 ​ $ 10,308 ​ ​ ​ ​ ​ ​ ​ ​ Lease Liabilities Classification ​ ​ ​ ​ ​ ​ Operating lease liabilities Other liabilities ​ $ 12,290 ​ $ 13,480 ​ The Company’s operating lease agreements typically include an option to renew the lease at the Company’s discretion. To the extent the Company is reasonably certain it will exercise the renewal option at the inception of the lease, the Company will include the extended term in the calculation of the right-of-use asset and lease liability. ASC 842 requires the use of the rate implicit in the lease when it is readily determinable. As this rate is typically not readily determinable, at the inception of the lease, the Company uses its collateralized incremental borrowing rate over a similar term. The amount of the right-of-use asset and lease liability are impacted by the discount rate used to calculate the present value of the minimum lease payments over the term of the lease. ​ ​ ​ ​ ​ ​ ​ ​ June 30, ​ December 31, ​ 2020 ​ 2019 Weighted-Average Remaining Lease Term ​ ​ ​ ​ ​ Operating leases 4.58 years ​ 4.91 years ​ ​ ​ ​ ​ ​ Weighted-Average Discount Rate ​ ​ ​ ​ ​ Operating leases 3.65 % ​ 3.71 % ​ The Company’s operating leases contain fixed and variable lease components and it has elected to account for all classes of underlying assets as a single lease component. Variable lease costs primarily represent common area maintenance and parking. The following table represents the Company’s net lease costs, (in thousands): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three Months Ended June 30, ​ Six Months Ended June 30, ​ 2020 ​ 2019 ​ 2020 ​ 2019 Lease Costs ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Operating lease cost $ 814 ​ $ 789 ​ $ 1,615 ​ $ 1,572 Variable lease cost ​ 498 ​ ​ 385 ​ ​ 959 ​ ​ 773 Sublease income ​ (100) ​ ​ (100) ​ ​ (199) ​ ​ (199) Lease costs, net $ 1,212 ​ $ 1,074 ​ $ 2,375 ​ $ 2,146 The following table presents a maturity analysis of the Company’s operating lease liabilities on an annual basis for each of the first five years and total amounts thereafter as of June 30, 2020: ​ ​ ​ ​ Twelve months Ended ​ Operating Leases June 30, 2021 ​ $ 3,200 June 30, 2022 ​ 2,785 June 30, 2023 ​ ​ 2,644 June 30, 2024 ​ 2,329 June 30, 2025 ​ 2,164 Thereafter ​ 230 Total future minimum lease payments ​ $ 13,352 Less: Imputed interest ​ ​ (1,062) Present value of net future minimum lease payments ​ $ 12,290 ​

DEPOSITS

DEPOSITS	6 Months Ended
	Jun. 30, 2020
DEPOSITS
DEPOSITS	NOTE 7 - DEPOSITS The following presents the Company’s interest-bearing deposits at the dates noted (in thousands): ​ ​ ​ ​ ​ ​ ​ ​ ​ June 30, ​ December 31, ​ 2020 2019 Money market deposit accounts ​ $ 759,997 ​ $ 615,575 Time deposits ​ 152,897 ​ 134,913 Negotiable order of withdrawal accounts ​ 88,560 ​ 91,921 Savings accounts ​ 7,415 ​ 4,307 Total interest bearing deposits ​ $ 1,008,869 ​ $ 846,716 Aggregate time deposits of $250,000 or greater ​ $ 60,721 ​ $ 61,596 ​ As of June 30, 2020, deposits included $65.2 million deposits purchased as part of the Branch Acquisition. See Note 2 – Acquisitions for more information. Overdraft balances classified as loans totaled $2.6 million and an immaterial amount at June 30, 2020 and December 31, 2019, respectively.

BORROWINGS

BORROWINGS	6 Months Ended
	Jun. 30, 2020
BORROWINGS
BORROWINGS	NOTE 8 - BORROWINGS The Bank has executed a blanket pledge and security agreement with the Federal Home Loan Bank (“FHLB”) Topeka that requires certain loans and securities be pledged as collateral for any outstanding borrowings under the agreement. The collateral pledged as of June 30, 2020 and December 31, 2019 amounted to $605.8 million and $515.5 million, respectively. Based on this collateral and the Company’s holdings of FHLB Topeka stock, the Company was eligible to borrow an additional $402.5 million at June 30, 2020. Each advance is payable at its maturity date. The Company had the following borrowings from FHLB Topeka at the dates noted (in thousands): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ June 30, ​ December 31, Maturity Date Rate % 2020 2019 August 26, 2020 ​ 1.94 ​ ​ — ​ ​ 10,000 October 23, 2020 (1) — ​ 3,000 ​ — April 22, 2022 ​ 0.37 ​ ​ 5,000 ​ ​ — May 5, 2023 ​ 0.76 ​ ​ 10,000 ​ ​ — Total ​ $ 18,000 ​ $ 10,000 ________________________________________ (1) To bolster the effectiveness of the SBA’s PPP, the Federal Reserve is supplying liquidity to participating financial institutions through term financing collateralized by PPP loans to small businesses. The Paycheck Protection Program Liquidity Facility (“PPPLF”) extends credit to eligible financial institutions that originate PPP loans, taking the loans as collateral at face value. As of June 30, 2020 the Company completed funding requests using the PPPLF of $204.3 million which is included in the Federal Home Loan Bank Topeka and Federal Reserve borrowings line of the condensed consolidated balance sheets. The Bank has borrowing capacity associated with three unsecured federal funds lines of credit up to $10.0 million, $19.0 million, and $25.0 million. As of June 30, 2020 and December 31, 2019, there were no amounts outstanding on any of the federal funds lines. As of June 30, 2020 and 2019, subordinated notes (the "2016 Sub Notes") issued to various investors totaled $6.6 million. The 2016 Sub Notes accrue interest at a rate of 7.25% per annum until December 31, 2021, at which time the rate will adjust each quarter to the then current 90 day London Interbank Offered Rate ("LIBOR") plus 587 basis points, mature on December 31, 2026, are redeemable at the option of the Company after January 1, 2022, and pay interest quarterly. The Company’s borrowing facilities include various financial and other covenants, including, but not limited to, a requirement that the Bank maintains regulatory capital that is deemed “well capitalized” by federal banking agencies (see Note 17 – Regulatory Capital Matters). As of June 30, 2020 and December 31, 2019, the Company was in compliance with the covenant requirements. On June 30, 2019, the Company entered into a Restated Revolving Credit Note (the "Credit Note") with a correspondent lending partner. The Credit Note is secured by stock of the Bank and bears interest at the 30 day LIBOR plus 3.5%. As of June 30, 2020 and December 31, 2019, there were no amounts outstanding on the Credit Note and the borrowing capacity associated with this facility was $5.0 million.

COMMITMENTS AND CONTINGENCIES

COMMITMENTS AND CONTINGENCIES	6 Months Ended
	Jun. 30, 2020
COMMITMENTS AND CONTINGENCIES
COMMITMENTS AND CONTINGENCIES	NOTE 9 - COMMITMENTS AND CONTINGENCIES The Bank is party to credit-related financial instruments with off-balance sheet risk in the normal course of business to meet the financing needs of its clients. These financial instruments include commitments to extend credit. Such commitments involve, to varying degrees, elements of credit and interest rate risk in excess of the amount recognized in the condensed consolidated balance sheets. Commitments may expire without being utilized. The Bank’s exposure to loan loss is represented by the contractual amount of these commitments, although material losses are not anticipated. The Bank follows the same credit policies in making commitments as it does for on-balance sheet instruments. The following presents the Company’s financial instruments whose contract amounts represent credit risk, as of the dates noted (in thousands): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ June 30, 2020 ​ December 31, 2019 ​ Fixed Rate Variable Rate Fixed Rate Variable Rate Unused lines of credit ​ $ 61,994 ​ $ 334,674 ​ $ 32,896 ​ $ 290,653 Standby letters of credit ​ ​ 1,754 ​ ​ 17,387 ​ ​ 1,759 ​ ​ 24,197 Commitments to make loans to sell ​ ​ 250,973 ​ ​ — ​ ​ 47,354 ​ ​ — Commitments to make loans ​ $ 19,914 ​ $ 18,030 ​ $ — ​ $ — ​ Unused lines of credit are agreements to lend to a client as long as there is no violation of any condition established in the contract. Commitments generally have fixed expiration dates or other termination clauses and may require payment of a fee. Several of the commitments may expire without being drawn upon. Therefore, the total commitment amounts do not necessarily represent future cash requirements. The amount of collateral obtained, if it is deemed necessary by the Bank, is based on management’s credit evaluation of the client. Unused lines of credit under commercial lines of credit, revolving credit lines and overdraft protection agreements are commitments for possible future extensions of credit to existing clients. These lines of credit are uncollateralized and usually do not contain a specified maturity date and may not be drawn upon to the total extent to which the Bank is committed. Standby letters of credit are conditional commitments issued by the Bank to guarantee the performance of a client’s obligation to a third party. Those letters of credit are primarily issued to support public and private borrowing arrangements. Substantially all letters of credit issued have expiration dates within one year. The credit risk involved in issuing letters of credit is essentially the same as that involved in extending loan facilities to clients. The Bank holds collateral supporting those commitments if deemed necessary. Commitments to make loans to sell are agreements to sell a loan to an investor in the secondary market for which the interest rate has been locked with the client, provided there is no violation of any condition within the contract with either party. Commitments to make loans to sell have fixed interest rates. Since commitments may expire without being extended, total commitment amounts may not necessarily represent cash requirements. Commitments to make loans are agreements to lend to a client, provided there is no violation of any condition within the contract. Commitments to make loans generally have fixed expiration dates or other termination clauses. Since commitments may expire without being extended, total commitment amounts may not necessarily represent cash requirements. Litigation, Claims and Settlements The Company is, from time to time, involved in various legal actions arising in the normal course of business. While the ultimate outcome of any such proceedings cannot be predicted with certainty, it is the opinion of management, after consulting with our legal counsel, that no proceedings exist, either individually or in the aggregate, which, if determined adversely to the Company, would have a material effect on the Company’s condensed consolidated financial statements. Without admitting or denying the SEC’s findings, FWCM agreed on July 16, 2020 to settle claims that FWCM failed reasonably to supervise its investment adviser representatives who purchased securities sold in reliance on Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”), for advisory clients when the clients were not qualified institutional buyers in a Rule 144A transaction, and to adopt and implement written policies and procedures reasonably designed to prevent violations of the Investment Advisers Act of 1940 and the rules thereunder by the adviser and its supervised persons. FWCM paid a previously accrued fine of $0.2 million to the SEC, and replaced the FWCM President and FWCM compliance team in place at that time.

SHAREHOLDERS EQUITY

SHAREHOLDERS EQUITY	6 Months Ended
	Jun. 30, 2020
SHAREHOLDERS EQUITY
SHAREHOLDERS EQUITY	NOTE 10 - SHAREHOLDERS’ EQUITY Common Stock The Company’s common stock has no par value and each holder of common stock is entitled to one vote for each share (though certain voting restrictions may exist on non-vested restricted stock) held. On June 14, 2019, the Company announced that its Board of Directors had authorized a share repurchase program under which the Company may repurchase up to 300,000 shares of its common stock and that the Board of Governors of the Federal Reserve System advised the Company that it had no objection to the Company’s stock repurchase program. The repurchase program authorized the Company to purchase its common stock from time to time in privately negotiated transactions, in the open market, including pursuant to any trading plan that may be adopted in accordance with Rule 10b5-1 plan promulgated by the Securities and Exchange Commissions, or otherwise in a manner that complies with applicable federal securities laws. During the year ended December 31, 2019, the Company repurchased 43,698 shares at an average price of $16.51. During six months ended June 30, 2020, the Company repurchased 22,679 shares at an average price of $16.50. No shares were repurchased during the three months ended June 30, 2020 as the Company used its capital to support its clients and communities through the COVID-19 pandemic. The program expired in June 2020. Restricted Stock Awards In 2017, the Company issued 105,264 shares of common stock ("Restricted Stock Awards") with a value of $3.0 million to the sole member of EMC Holdings, LLC ("EMC"), subject to forfeiture based on his continued employment with the Company. Half of the Restricted Stock Awards ($1.5 million or 52,632 shares) vests ratably over five-years. The remaining $1.5 million, or 52,632 shares, may be earned based on performance of the mortgage division of the Company. During the six months ended June 30, 2020, the Company recognized compensation expense of $0.1 million, representing the remaining 14,114 shares, related to the performance based awards. During the year ended December 31, 2019, the Company recognized compensation expense of $0.6 million, representing 38,518 shares, related to the performance-based awards. As of June 30, 2020, the Restricted Stock Awards have a weighted-average grant date fair value of $28.50 per share. The Company recognized compensation expense of $0.1 million for each of the three months ended June 30, 2020 and 2019, for the Restricted Stock Awards. During the six months ended June 30, 2020 and 2019, the Company has recognized compensation expense of $0.3 and $0.2 million for the Restricted Stock Awards, respectively. As of June 30, 2020, the Company has $ 1.1 Stock-Based Compensation Plans As of June 30, 2020, there were a total of 523,976 shares available for issuance under the First Western Financial, Inc. 2016 Omnibus Incentive Plan (“the 2016 Plan”). If the Awards outstanding under the First Western 2008 Stock Incentive Plan (“the 2008 Plan”) or the 2016 Plan are forfeited, cancelled or terminated with no consideration paid to the Company, those amounts will increase the number of shares eligible to be granted under the 2016 Plan. Stock Options The Company did not grant any stock options during the six months ended June 30, 2020 and 2019. The Company recognized compensation expense of $0.1 million for each of the three months ended June 30, 2020 and 2019, respectively, associated with stock options. During the six months ended June 30, 2020 and 2019, the Company recognized stock based compensation expense of $0.1 million and $0.2 million, respectively, associated with stock options. As of June 30, 2020, the Company has $0.1 The following summarizes activity for nonqualified stock options for the six months ended June 30, 2020: : ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Weighted ​ ​ ​ ​ ​ ​ Weighted ​ Average ​ ​ ​ ​ Number ​ Average ​ Remaining ​ Aggregate ​ ​ of ​ Exercise ​ Contractual ​ Intrinsic ​ Options Price Term Value Outstanding at December 31, 2019 ​ 419,197 ​ $ 29.02 ​ ​ ​ ​ Granted ​ - ​ ​ - ​ ​ ​ ​ Exercised ​ - ​ ​ - ​ ​ ​ ​ Forfeited or expired ​ - ​ ​ - ​ ​ ​ ​ Outstanding at June 30, 2020 ​ 419,197 ​ $ 29.02 ​ 3.1 ​ (a) Options fully vested / exercisable at June 30, 2020 ​ 396,916 ​ $ 29.20 ​ 3.0 ​ (a) ________________________________________ (a) Nonqualified stock options outstanding at the end of the period and those fully vested / exercisable had immaterial aggregate intrinsic values. As of June 30, 2020 and December 31, 2019, there were 396,916 and 394,020 options, respectively, that were exercisable. Exercise prices are between $20.00 and $40.00 per share, and the options are exercisable for a period of ten-years from the original grant date and expire on various dates between 2022 and 2026. Restricted Stock Units Pursuant to the 2016 Plan, the Company can grant associates and non-associate directors’ long-term cash and stock-based compensation. During the six months ended June 30, 2020, the Company granted certain associates restricted stock units which are earned over time or based on various performance measures and convert to common stock upon vesting, which are summarized here and expanded further below. The following summarizes the activity for the Time Vesting Units, the Financial Performance Units and the Market Performance Units for the six months ended June 30, 2020: ​ ​ ​ ​ ​ ​ ​ ​ ​ Time ​ Financial ​ Market ​ ​ Vesting ​ Performance ​ Performance ​ Units Units Units Outstanding at December 31, 2019 ​ 209,444 ​ 69,426 ​ 14,862 Granted ​ 90,727 ​ 60,160 ​ - Vested ​ (54,112) ​ - ​ - Forfeited ​ (1,888) ​ (854) ​ - Outstanding at June 30, 2020 ​ 244,171 ​ 128,732 ​ 14,862 ​ During the six months ended June 30, 2020 , the Company issued 34,260 shares of common stock upon the settlement of Time Vesting Units. The remaining 19,852 shares were surrendered with a combined market value at the dates of settlement of $0.3 million to cover employee withholding taxes. During the three and six months ended June 30, 2019 the Company issued 15,446 shares of common stock upon the settlement of Time Vesting Units. The remaining 7,835 shares were surrendered with a combined market value at the dates of settlement of $0.1 million to cover employee withholding taxes. Time Vesting Units Time Vesting Units are granted to full-time associates and board members at the date approved by the Company’s Board of Directors. The Company granted 90,727 Time Vesting Units with a five year service period in the six months ended June 30, 2020, that vest in equal installments of 20% on the anniversary of the grant date, assuming continuous employment through the scheduled vesting dates. Time Vesting Units granted in 2020 have a weighted-average grant-date fair value of $12.53 per Financial Performance Units Granted Prior to May 1, 2019 Financial Performance Units were granted to certain key associates and are earned based on the Company achieving various financial performance metrics beginning on the grant date and ending on December 31, 2019. If the Company achieves the financial metrics, which include various thresholds from 0% up to 150%, then the Financial Performance Units will have a subsequent two-year service period vesting requirement ending on December 31, 2021. As of June 30, 2020, the end of performance metrics period resulted in accruing at threshold for 50% of the awards and at 100% for the remainder. The maximum shares that can be issued at the determined thresholds as of June 30, 2020 are approximately 10,000 shares. During the three and six months ended June 30, 2020 and 2019, the Company recognized an immaterial amount of compensation expense for the Financial Performance Units. As of June 30, 2020, there was $0.1 million of unrecognized compensation expense related to the Financial Performance Units. As of June 30, 2020, the Company has unrecognized stock-based compensation expense that is expected to be recognized over a weighted-average period of 1.5 years. Financial Performance Units Granted from May 1, 2019 through April 30, 2020 The Company granted 1,866 Financial Performance Units during the six months ended June 30, 2020. In 2019, the Company granted 62,569 Financial Performance Units to officers and other key associates. All Financial Performance Units granted Between May 1, 2019 and May 1, 2020, have a five-year term and are earned based on the Company achieving various financial metrics beginning on the grant date and ending on December 31, 2021, which include various thresholds from 0% to 150%, then the Financial Performance Units will have a subsequent two-year service period vesting requirement ending on December 31, 2023. As of June 30, 2020, the Company is accruing at the maximum threshold for the awards. The maximum number of shares that can be issued at 150% as of June 30, 2020 was approximately 86,200 shares. During the three and six months ended June 30, 2020 and 2019, the Company recognized $0.1 million of expense and an immaterial amount of compensation expense for the Financial Performance Units. As of June 30, 2020, there was $0.6 million of unrecognized compensation expense related to the Financial Performance Units. As of June 30, 2020, the unrecognized stock-based compensation expense is expected to be recognized over a weighted-average period of 3.6 years. Financial Performance Units Granted from May 1, 2020 through June 30, 2020 The Company granted 58,294 Financial Performance Units during the three and six months ended June 30, 2020. All Financial Performance Units granted on or after May 1, 2020, have a five-year term and are earned based on the Company achieving various financial metrics beginning on the grant date and ending on December 31, 2022, which include various thresholds from 0% to 150%, then the Financial Performance Units will have a subsequent two-year service period vesting requirement ending on December 31, 2023. As of June 30, 2020, the Company is accruing at maximum threshold for the awards. The maximum number of shares that can be issued at 150% as of June 30, 2020 was approximately 86,900 shares. During the three and six months ended June 30, 2020, the Company recognized an immaterial amount of compensation expense for the Financial Performance Units. As of June 30, 2020, there was $0.7 million of unrecognized compensation expense related to the Financial Performance Units. As of June 30, 2020, the unrecognized stock-based compensation expense is expected to be recognized over a weighted-average period of 4.5 years. Market Performance Units Market Performance Units were granted to certain key associates and are earned based on growth in the value of the Company’s common stock and were dependent on the Company completing an initial public offering of stock during a defined period of time. If the Company’s common stock is trading at or above certain prices, over a performance period which ended on June 30, 2020, the Market Performance Units will be determined to be earned and vest following the completion of a subsequent service period ending on June 30, 2022. On July 23, 2018, the Company completed its initial public offering and the Market Performance Units performance condition was met. Subsequent to the performance condition there is also a market condition as a vesting requirement for the Market Performance Units which affects the determination of the grant date fair value. The Company estimated the grant date fair value using various valuation assumptions. During the three and six months ended June 30, 2020 and 2019, the Company recognized an immaterial amount of compensation expense for the Market Performance Units. As of June 30, 2020, there was $0.4 million of unrecognized compensation expense related to the Market Performance Units which is expected to be recognized over a weighted-average period of 2.0 years.

EARNINGS PER COMMON SHARE

EARNINGS PER COMMON SHARE	6 Months Ended
	Jun. 30, 2020
EARNINGS PER COMMON SHARE
EARNINGS PER COMMON SHARE	NOTE 11 - EARNINGS PER COMMON SHARE The table below presents the calculation of basic and diluted earnings per common share for the periods indicated (amounts in thousands, except share and per share amounts): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three Months Ended June 30, ​ Six Months Ended June 30, ​ 2020 2019 2020 2019 Earnings per common share - Basic ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Numerator: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Net income ​ $ 8,696 $ 1,404 ​ $ 10,030 $ 3,031 Dividends on preferred stock ​ — ​ — ​ — ​ — Net income available for common shareholders ​ $ 8,696 $ 1,404 ​ $ 10,030 $ 3,031 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Denominator: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Basic weighted average shares ​ 7,890,337 7,881,999 ​ 7,876,951 7,877,864 Earnings per common share - basic ​ $ 1.10 ​ $ 0.18 ​ $ 1.27 ​ $ 0.39 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Earnings per common share - Diluted ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Numerator: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Net income ​ $ 8,696 $ 1,404 ​ $ 10,030 $ 3,031 Dividends on preferred stock ​ — ​ — ​ — ​ — Net income available for common shareholders ​ $ 8,696 $ 1,404 ​ $ 10,030 $ 3,031 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Denominator: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Basic weighted average shares ​ ​ 7,890,337 ​ ​ 7,881,999 ​ ​ 7,876,951 ​ ​ 7,877,864 Diluted effect of common stock equivalents: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Stock options ​ ​ — ​ ​ — ​ ​ — ​ ​ — Time Vesting Units ​ ​ 18,401 ​ ​ 2,044 ​ ​ 23,517 ​ ​ 2,062 Financial Performance Units ​ ​ 6,558 ​ ​ — ​ ​ 15,804 ​ ​ — Market Performance Units ​ ​ 13,222 ​ ​ 13,049 ​ ​ 13,294 ​ ​ 13,448 Restricted Stock Awards ​ ​ — ​ ​ — ​ ​ — ​ ​ — Total diluted effect of common stock equivalents ​ ​ 38,181 ​ ​ 15,093 ​ ​ 52,615 ​ ​ 15,510 Diluted weighted average shares ​ 7,928,518 7,897,092 ​ 7,929,566 7,893,374 Earnings per common share - diluted ​ $ 1.10 ​ $ 0.18 ​ $ 1.26 ​ $ 0.39 ​ Diluted earnings per share was computed without consideration to potentially dilutive instruments as their inclusion would have been anti-dilutive. As of June 30, 2020 and 2019, potentially dilutive securities excluded from the diluted earnings per share calculation are as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three Months Ended June 30, ​ Six Months Ended June 30, ​ ​ 2020 ​ 2019 ​ 2020 ​ 2019 Stock options ​ ​ 419,197 ​ ​ 442,097 ​ 419,197 ​ ​ 445,947 Time Vesting Units ​ ​ 92,388 ​ ​ 198,611 ​ 89,656 ​ ​ 179,301 Financial Performance Units ​ ​ 96,257 ​ ​ 70,865 ​ 48,129 ​ ​ 42,998 Restricted Stock Awards ​ ​ 41,830 ​ ​ 94,736 ​ 51,749 ​ ​ 94,736 Total potentially dilutive securities ​ ​ 649,672 ​ ​ 806,309 ​ 608,731 ​ ​ 762,982 ​

INCOME TAXES

INCOME TAXES	6 Months Ended
	Jun. 30, 2020
INCOME TAXES
INCOME TAXES	NOTE 12 - INCOME TAXES During the three and six months ended June 30, 2020, the Company recorded an income tax provision of $2.8 million and $3.1 million, respectively, reflecting an effective tax rate of 24.1% and 23.7%, respectively.

RELATED-PARTY TRANSACTIONS

RELATED-PARTY TRANSACTIONS	6 Months Ended
	Jun. 30, 2020
RELATED-PARTY TRANSACTIONS
RELATED-PARTY TRANSACTIONS	NOTE 13 - RELATED-PARTY TRANSACTIONS The Bank extends credit under Regulation O to certain covered parties including Company directors, executive officers and their affiliates. At June 30, 2020 and December 31, 2019, there were no delinquent or non-performing loans to any executive officer or director of the Company. These covered parties, along with principal owners, management, immediate family of management or principal owners, a parent company and its subsidiaries, trusts for the benefits of employees, and other parties, may be considered related parties. The following presents a summary of related-party loan activity as of the dates noted (in thousands): ​ ​ ​ ​ ​ ​ ​ ​ June 30, 2020 December 31, 2019 Balance, beginning of year ​ $ 5,675 ​ $ 2,659 Funded loans ​ 3,262 ​ 11,618 Payments collected ​ (6,075) ​ (8,602) Balance, end of year ​ $ 2,862 ​ $ 5,675 Deposits from related parties held by the Bank at June 30, 2020 and December 31, 2019 totaled $23.6 million and $28.5 million, respectively. The Company leases office spaces from entities controlled by one of the Company’s board members. During the six months ended June 30, 2020 and 2019, the Company incurred expenses of $0.1 million and an immaterial amount of expense related to this lease in 2019.

FAIR VALUE

FAIR VALUE	6 Months Ended
	Jun. 30, 2020
FAIR VALUE
FAIR VALUE	NOTE 14 - FAIR VALUE Fair value is the exchange price that would be received for an asset or paid to transfer a liability (exit price) in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants on the measurement date. There are three levels of inputs that may be used to measure fair values: Level 1: Quoted prices (unadjusted) for identical assets or liabilities in active markets that the entity has the ability to access as of the measurement date. Level 2: Significant other observable inputs other than Level 1 prices such as quoted prices for similar assets or liabilities; quoted prices in markets that are not active; or other inputs that are observable or can be corroborated by observable market data. Level 3: Significant unobservable inputs that reflect a company’s own assumptions about the assumptions that market participants would use in pricing an asset or liability. The Company used the following methods and significant assumptions to estimate fair value: Investment Securities : Guarantee asset and liability : Interest Rate Lock Commitments (“IRLC”) and Forward Sale Commitments (“FSC”) : Derivative instruments are carried at fair value in the Company’s financial statements. Changes in the fair value of a derivative instrument are accounted for within the condensed consolidated statements of income. The following presents assets and liabilities measured on a recurring basis at June 30, 2020 and December 31, 2019 (in thousands): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Quoted ​ ​ ​ ​ ​ ​ ​ ​ Prices in ​ Significant ​ ​ ​ ​ ​ ​ ​ ​ Active Markets ​ Other ​ Significant ​ ​ ​ ​ ​ for Identical ​ Observable ​ Unobservable ​ ​ ​ ​ ​ Assets ​ Inputs ​ Inputs ​ Reported June 30, 2020 ​ (Level 1) ​ (Level 2) ​ (Level 3) ​ Balance Investment securities available-for-sale: ​ ​ ​ ​ U.S. Treasury debt ​ $ 257 ​ $ — ​ $ — ​ $ 257 GNMA mortgage-backed securities - residential ​ — ​ 36,469 ​ — ​ 36,469 FNMA mortgage-backed securities - residential ​ ​ — ​ ​ 2,736 ​ ​ — ​ ​ 2,736 Corporate CMO and MBS ​ — ​ 7,556 ​ — ​ 7,556 Total securities available-for-sale ​ $ 257 ​ $ 46,761 ​ $ — ​ $ 47,018 Equity securities ​ $ 732 ​ $ — ​ $ — ​ $ 732 Guarantee asset ​ $ — ​ $ — ​ $ 222 ​ $ 222 IRLC and FSC, net ​ $ — ​ $ — ​ $ 7,482 ​ $ 7,482 Guarantee liability ​ $ — ​ $ — ​ $ 191 ​ $ 191 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Quoted ​ ​ ​ ​ ​ ​ ​ ​ Prices in ​ Significant ​ ​ ​ ​ ​ ​ ​ ​ Active Markets ​ Other ​ Significant ​ ​ ​ ​ ​ for Identical ​ Observable ​ Unobservable ​ ​ ​ ​ ​ Assets ​ Inputs ​ Inputs ​ Reported December 31, 2019 ​ (Level 1) ​ (Level 2) ​ (Level 3) ​ Balance Investment securities available-for-sale: ​ ​ ​ ​ U.S. Treasury debt ​ $ 254 ​ $ — ​ $ — ​ $ 254 GNMA mortgage-backed securities - residential ​ — ​ 45,312 ​ — ​ 45,312 FNMA mortgage-backed securities - residential ​ ​ — ​ ​ 2,917 ​ ​ — ​ ​ 2,917 Corporate CMO and MBS ​ — ​ 10,420 ​ — ​ 10,420 Total securities available-for-sale ​ $ 254 ​ $ 58,649 ​ $ — ​ $ 58,903 Equity securities ​ $ 713 ​ $ — ​ $ — ​ $ 713 IRLC and FSC, net ​ $ — ​ $ — ​ $ 1,184 ​ $ 1,184 ​ The following presents a reconciliation for level 3 instruments measured at fair value on a recurring basis (in thousands): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three months Ended June 30, 2020 Guarantee asset IRLC and FSC, net Guarantee liability ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Beginning balance ​ $ — ​ $ 4,009 ​ $ — Sales ​ 244 ​ ​ — ​ ​ 244 Gains (losses) in net (loss) income, net ​ ​ 16 ​ ​ 719 ​ ​ (53) Other settlements, net (1) ​ (38) ​ ​ 2,754 ​ ​ — Ending Balance ​ $ 222 ​ $ 7,482 ​ $ 191 ______________________________________ (1) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Six months Ended June 30, 2020 Guarantee asset IRLC and FSC, net Guarantee liability ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Beginning balance ​ $ — ​ $ 1,184 ​ $ — Sales ​ 244 ​ ​ — ​ ​ 244 Gains (losses) in net (loss) income, net ​ ​ 16 ​ ​ 647 ​ ​ (53) Other settlements, net (1) ​ (38) ​ ​ 5,651 ​ ​ — Ending Balance ​ $ 222 ​ $ 7,482 ​ $ 191 ______________________________________ (1) Mutual funds and U.S. Treasury debt are reported at fair value utilizing Level 1 inputs. The remaining portfolio of securities are reported at fair value with Level 2 inputs provided by a pricing service. As of June 30, 2020 and December 31, 2019, the majority of the securities had credit support provided by the Federal Home Loan Mortgage Corporation, GNMA, and FNMA. Factors used to value the securities by the pricing service include: benchmark yields, reported trades, interest spreads, prepayments, and other market research. In addition, ratings and collateral quality are considered. As of June 30, 2020, equity securities and guarantee assets have been recorded at fair value within the other assets line item and the guarantee liabilities have been recorded at fair value with the other liabilities line item in the condensed consolidated balance sheet. All changes are recorded in the other line item in the condensed consolidated statement of income. Other Real Estate Owned : Impaired Loans : Appraisals for both collateral-dependent impaired loans and other real estate owned are performed by certified general appraisers (for commercial properties) or certified residential appraisers (for residential properties) whose qualifications and licenses have been reviewed and verified by the Company. Once received, the Company reviews the assumptions and approaches utilized in the appraisal as well as the overall resulting fair value in comparison with independent data sources such as recent market data or industry-wide statistics. The following presents assets measured on a nonrecurring basis as of June 30, 2020 and December 31, 2019 (in thousands): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Quoted ​ ​ ​ ​ ​ Prices in ​ Significant ​ ​ ​ ​ ​ ​ ​ ​ Active Markets ​ Other ​ Significant ​ ​ ​ ​ ​ for Identical ​ Observable ​ Unobservable ​ ​ ​ ​ ​ Assets ​ Inputs ​ Inputs ​ Reported June 30, 2020 ​ (Level 1) ​ (Level 2) ​ (Level 3) ​ Balance Other real estate owned: ​ ​ ​ ​ Commercial properties ​ $ — ​ $ — ​ $ 658 ​ $ 658 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total impaired loans: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Commercial and industrial ​ $ — ​ $ — ​ $ 2,255 ​ $ 2,255 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Quoted ​ ​ ​ ​ ​ Prices in ​ Significant ​ ​ ​ ​ ​ ​ ​ ​ Active Markets ​ Other ​ Significant ​ ​ ​ ​ ​ for Identical ​ Observable ​ Unobservable ​ ​ ​ ​ ​ Assets ​ Inputs ​ Inputs ​ Reported December 31, 2019 ​ (Level 1) ​ (Level 2) ​ (Level 3) ​ Balance Other real estate owned: ​ ​ ​ ​ Commercial properties ​ $ — ​ $ — ​ $ 658 ​ $ 658 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total impaired loans: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Commercial and industrial ​ $ — ​ $ — ​ $ 3,579 ​ $ 3,579 ​ The sales comparison approach was utilized for estimating the fair value of non-recurring assets. At June 30, 2020, other real estate owned remained unchanged from December 31, 2019 and had a carrying amount of $0.7 million, which is the cost basis of $2.4 million net of a valuation allowance of $1.7 million. At June 30, 2020, total impaired loans measured for impairment using the fair value of the collateral for collateral dependent loans had carrying values of $3.4 million with valuation allowances of $1.2 million and were classified as Level 3. As of December 31, 2019, impaired loans measured for impairment using the fair value of the collateral for collateral dependent loans had carrying values of $4.4 million with valuation allowances of $0.8 million and were classified as Level 3. Impaired loans accounted for specific reserves of $1.2 million and $0.8 million as of June 30, 2020 and December 31, 2019. The Bank charged off an immaterial amount during the six months ended June 30, 2020 from the specific reserve. The Bank charged off $0.2 million during the year ended December 31, 2019 from the specific reserve. The following presents quantitative information about the significant unobservable inputs used in the fair value measurement of recurring and nonrecurring non-financial instruments categorized within Level 3 of the fair value hierarchy as of June 30, 2020 and December 31, 2019 (dollars in thousands): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Quantitative Information about Level 3 Fair Value Measurements at June 30, 2020 ​ ​ ​ ​ ​ Valuation ​ Significant ​ Range ​ ​ Fair Value ​ Technique ​ Unobservable Input ​ (Weighted Average) Other real estate owned: ​ ​ ​ ​ Commercial properties ​ ​ 658 ​ ​ Appraisal value ​ ​ Discount rate ​ ​ 50% (50%) ​ ​ ​ ​ ​ ​ ​ ​ ​ Commission and cost to sell ​ ​ 1% - 10% (7%) Total impaired loans: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Commercial and industrial ​ ​ 2,255 ​ ​ Sales comparison, Market approach - guideline transaction method ​ ​ Management discount for asset/property type ​ ​ 7% - 10% (10%) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Quantitative Information about Level 3 Fair Value Measurements at December 31, 2019 ​ ​ ​ ​ ​ Valuation ​ Significant ​ Range ​ ​ Fair Value ​ Technique ​ Unobservable Input ​ (Weighted Average) Other real estate owned: ​ ​ ​ ​ Commercial properties ​ $ 658 ​ ​ Appraisal value ​ ​ Discount rate ​ ​ 50% (50%) ​ ​ ​ ​ ​ ​ ​ ​ ​ Commission and cost to sell ​ ​ 1% - 10% (7%) Total impaired loans: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Commercial and industrial ​ $ 3,579 ​ ​ Sales comparison, Market approach - guideline transaction method ​ ​ Management discount for asset/property type ​ ​ 0% - 50% (23%) ​ The following presents carrying amounts and estimated fair values for financial instruments as of June 30, 2020 and December 31, 2019 (in thousands): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Carrying ​ Fair Value Measurements Using: June 30, 2020 Amount Level 1 Level 2 Level 3 Assets: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Cash and cash equivalents ​ $ 191,676 ​ $ 191,676 ​ $ — ​ $ — Securities available-for-sale ​ 47,018 ​ 257 ​ 46,761 ​ — Loans, net ​ 1,412,086 ​ — ​ — ​ 1,412,463 Mortgage loans held for sale ​ 69,604 ​ — ​ 69,604 ​ — Accrued interest receivable ​ 5,108 ​ — ​ 5,108 ​ — Equity securities ​ ​ 732 ​ ​ 732 ​ ​ — ​ ​ — Guarantee asset ​ ​ 222 ​ ​ — ​ ​ — ​ ​ 222 Liabilities: ​ ​ ​ ​ Deposits ​ ​ 1,406,932 ​ ​ — ​ ​ 1,408,813 ​ ​ — Borrowings: ​ ​ ​ ​ FHLB Topeka Borrowings – fixed rate ​ 18,000 ​ — ​ 18,011 ​ — Federal Reserve Borrowings – fixed rate ​ 204,313 ​ — ​ 204,313 ​ — Subordinated notes – fixed-to-floating rate ​ 14,444 ​ — ​ — ​ 14,799 Accrued interest payable ​ ​ 205 ​ ​ — ​ ​ 205 ​ ​ — Guarantee liability ​ $ 191 ​ $ — ​ $ — ​ $ 191 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Carrying ​ Fair Value Measurements Using: December 31, 2019 ​ Amount ​ Level 1 ​ Level 2 ​ Level 3 Assets: ​ ​ ​ ​ Cash and cash equivalents ​ $ 78,638 ​ $ 78,638 ​ $ — ​ $ — Securities available-for-sale ​ 58,903 ​ 254 ​ 58,649 ​ — Loans, net ​ 990,132 ​ — ​ — ​ 974,142 Mortgage loans held for sale ​ 48,312 ​ — ​ 48,312 ​ — Accrued interest receivable ​ 3,048 ​ — ​ 3,048 ​ — Equity securities ​ 713 ​ ​ 713 ​ ​ — ​ ​ — Liabilities: ​ ​ ​ ​ Deposits ​ ​ 1,086,784 ​ ​ — ​ ​ 1,089,261 ​ ​ — Borrowings: ​ ​ ​ ​ FHLB Topeka Borrowings – fixed rate ​ 10,000 ​ — ​ 10,003 ​ — Subordinated notes – fixed-to-floating rate ​ ​ 6,560 ​ — ​ — ​ 6,004 Accrued interest payable ​ $ 299 ​ $ — ​ $ 299 ​ $ — ​ The fair value estimates presented and discussed above are based on pertinent information available to management as of the dates specified. The estimated fair value amounts are based on the exit price notion set forth by ASU 2016-01 effective January 1, 2018 on a prospective basis. Although management is not aware of any factors that would significantly affect the estimated fair values, such amounts have not been comprehensively revalued for purposes of these consolidated financial statements since the balance sheet dates. Therefore, current estimates of fair value may differ significantly from the amounts presented herein. The methods and assumptions, not previously presented, used to estimate fair values are described as follows. Cash and Cash Equivalents and Restricted Cash Loans, net Mortgage Loans Held for Sale Accrued Interest Receivable and Payable Deposits Borrowings: Variable Rate Borrowings Fixed Rate Borrowings

ASSETS AND OTHER LIABILITIES CL

ASSETS AND OTHER LIABILITIES CLASSIFIED AS HELD FOR SALE	6 Months Ended
	Jun. 30, 2020
ASSETS AND OTHER LIABILITIES CLASSIFIED AS HELD FOR SALE
ASSETS AND OTHER LIABILITIES CLASSIFIED AS HELD FOR SALE	NOTE 15 – ASSETS AND OTHER LIABILITIES CLASSIFIED AS HELD FOR SALE In 2019, the Company committed to a plan to sell its Los Angeles-based fixed income portfolio management team and certain advisory and sub-advisory arrangements. Management is continuing to evaluate opportunities to divest the Los Angeles-based fixed income portfolio management team and, therefore, these assets and liabilities are classified as goodwill in a disposal group held for sale and are presented separately in the consolidated balance sheet. During the three months ended June 30, 2020, the Company completed a branch purchase and assumption agreement. See Note 2 – Acquisitions for more information. The assets purchased included two ATMs which the Company did not put into service and is actively working to find a buyer, therefore, these assets are included as premises and equipment in a disposal group held for sale and are presented separately in the consolidated balance sheet. The Company performed a review of the fair value of assets held for sale as of the three months ended June 30, 2020 and determined that the value of the assets held for sale was reasonable and no adjustment was needed during the period. The Company recorded a loss on the assets held for sale of $0.6 million during the period ending March 31, 2020, the loss has been applied to reduce the carrying amount of the goodwill within the disposal group. Assets and other liabilities in disposal groups held for sale are as follows at the dates noted (in thousands): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ June 30, ​ December 31, ​ 2020 2019 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Wealth ​ Capital ​ ​ ​ ​ Wealth ​ Capital ​ ​ ​ ​ ​ Management ​ Management ​ Consolidated ​ Management ​ Management ​ Consolidated ASSETS ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Goodwill ​ $ — ​ $ 3,000 ​ $ 3,000 ​ $ — ​ $ 3,553 ​ $ 3,553 Premises and equipment ​ ​ 10 ​ ​ — ​ ​ 10 ​ ​ — ​ ​ — ​ ​ — Assets in disposal groups held for sale ​ $ 10 ​ $ 3,000 ​ $ 3,010 ​ $ — ​ $ 3,553 ​ $ 3,553 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ LIABILITIES ​ ​ ​ ​ ​ ​ Other liabilities ​ $ — ​ $ 135 ​ $ 135 ​ $ — ​ $ 117 ​ $ 117 Liabilities in disposal groups held for sale ​ $ — ​ $ 135 ​ $ 135 ​ $ — ​ $ 117 ​ $ 117 ​

SEGMENT REPORTING

SEGMENT REPORTING	6 Months Ended
	Jun. 30, 2020
SEGMENT REPORTING
SEGMENT REPORTING	NOTE 16 - SEGMENT REPORTING The Company’s reportable segments consist of Wealth Management, Capital Management, and Mortgage. The chief operating decision maker (“CODM”) is the Chief Executive Officer. The measure of profit or loss used by the CODM to identify and measure the Company’s reportable segments is income before income tax. The Wealth Management segment consists of operations relative to the Company’s fully integrated wealth management products and services. Services provided include deposit, loan, insurance, and trust and investment management advisory products and services. The Capital Management segment consists of operations relative to the Company’s institutional investment management services over proprietary fixed income, high yield, and equity strategies, including acting as the advisor of three owned, managed, and rated mutual funds. Capital Management products and services are financial in nature for which revenues are generally based on a percentage of assets under management or paid premiums. The Mortgage segment consists of operations relative to the Company’s residential mortgage service offerings. Mortgage products and services are financial in nature for which premiums are recognized net of expenses, upon the sale of mortgage loans to third parties. The tables below present the financial information for each segment that is specifically identifiable or based on allocations using internal methods for the three months ended June 30, 2020 and 2019 (in thousands): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three Months Ended June 30, 2020 ​ Wealth ​ Capital ​ Mortgage ​ Consolidated Income Statement ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total interest income $ 12,470 $ — $ — $ 12,470 Total interest expense ​ ​ 1,674 ​ ​ — ​ ​ — ​ ​ 1,674 Provision for loan losses ​ ​ 2,124 ​ ​ — ​ ​ — ​ ​ 2,124 Net interest income ​ ​ 8,672 ​ ​ — ​ ​ — ​ ​ 8,672 Non-interest income ​ ​ 4,442 ​ ​ 788 ​ ​ 10,197 ​ ​ 15,427 Total income ​ ​ 13,114 ​ ​ 788 ​ ​ 10,197 ​ ​ 24,099 Depreciation and amortization expense ​ ​ 233 ​ 22 ​ 21 ​ 276 All other non-interest expense ​ ​ 9,785 ​ ​ 714 ​ ​ 1,869 ​ ​ 12,368 Income before income tax ​ $ 3,096 ​ $ 52 ​ $ 8,307 ​ $ 11,455 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Goodwill ​ $ 20,499 $ 3,692 $ — $ 24,191 Assets held for sale ​ ​ 10 ​ ​ 3,000 ​ ​ — ​ ​ 3,010 Total assets ​ $ 1,722,465 $ 8,492 $ 79,569 $ 1,810,526 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three Months Ended June 30, 2019 ​ Wealth ​ Capital Mortgage Consolidated Income Statement ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total interest income $ 11,174 ​ $ — $ — $ 11,174 Total interest expense ​ ​ 3,214 ​ ​ — ​ — ​ 3,214 Provision for (recovery of) loan losses ​ ​ (78) ​ ​ — ​ — ​ (78) Net interest income ​ ​ 8,038 ​ ​ — ​ — ​ 8,038 Non-interest income ​ ​ 4,512 ​ ​ 798 ​ 3,276 ​ 8,586 Total income ​ ​ 12,550 ​ ​ 798 ​ 3,276 ​ 16,624 Depreciation and amortization expense ​ ​ 301 ​ ​ 95 ​ 73 ​ 469 All other non-interest expense ​ ​ 10,432 ​ ​ 2,313 (1) ​ 1,445 ​ 14,190 Income (loss) before income tax ​ $ 1,817 ​ $ (1,610) $ 1,758 $ 1,965 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Goodwill ​ $ 15,994 ​ $ 7,245 $ — $ 23,239 Total assets ​ $ 1,145,910 ​ $ 9,025 $ 35,530 $ 1,190,465 ______________________________________ (1) Includes goodwill impairment charge of $1.6 million. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Six Months Ended June 30, 2020 ​ Wealth ​ Capital ​ Mortgage ​ Consolidated Income Statement ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total interest income $ 23,982 $ — $ — $ 23,982 Total interest expense ​ ​ 4,255 ​ ​ — ​ — ​ 4,255 Provision for loan losses ​ ​ 2,491 ​ ​ — ​ — ​ 2,491 Net interest income ​ ​ 17,236 ​ ​ — ​ — ​ 17,236 Non-interest income ​ ​ 8,900 ​ ​ 1,593 ​ 12,701 ​ 23,194 Total income ​ ​ 26,136 ​ ​ 1,593 ​ 12,701 ​ 40,430 Depreciation and amortization expense ​ ​ 466 ​ ​ 44 ​ 42 ​ 552 All other non-interest expense ​ ​ 20,955 ​ ​ 2,145 (1) ​ 3,639 ​ 26,739 Income (loss) before income tax ​ $ 4,715 ​ $ (596) $ 9,020 $ 13,139 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Goodwill ​ $ 20,499 ​ $ 3,692 $ — $ 24,191 Assets held for sale ​ ​ 10 ​ ​ 3,000 ​ — ​ 3,010 Total assets ​ $ 1,722,465 ​ $ 8,492 $ 79,569 $ 1,810,526 ______________________________________ (1) Includes loss on assets held for sale of $0.6 million. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Six Months Ended June 30, 2019 ​ Wealth ​ Capital Mortgage Consolidated Income Statement ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total interest income $ 22,224 ​ $ — $ — $ 22,224 Total interest expense ​ ​ 6,293 ​ ​ — ​ — ​ 6,293 Provision for loan losses ​ ​ 116 ​ ​ — ​ — ​ 116 Net interest income ​ ​ 15,815 ​ ​ — ​ — ​ 15,815 Non-interest income ​ ​ 9,244 ​ ​ 1,563 ​ 4,755 ​ 15,562 Total income ​ ​ 25,059 ​ ​ 1,563 ​ 4,755 ​ 31,377 Depreciation and amortization expense ​ ​ 632 ​ ​ 226 ​ 138 ​ 996 All other non-interest expense ​ ​ 20,499 ​ ​ 3,008 (1) ​ 2,758 ​ 26,265 Income (loss) before income tax ​ $ 3,928 ​ $ (1,671) $ 1,859 $ 4,116 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Goodwill ​ $ 15,994 ​ $ 7,245 $ — $ 23,239 Total assets ​ $ 1,145,910 ​ $ 9,025 $ 35,530 $ 1,190,465 ______________________________________ (1) Includes goodwill impairment charge of $1.6 million. ​

REGULATORY CAPITAL MATTERS

REGULATORY CAPITAL MATTERS	6 Months Ended
	Jun. 30, 2020
REGULATORY CAPITAL MATTERS
REGULATORY CAPITAL MATTERS	NOTE 17 - REGULATORY CAPITAL MATTERS The Bank is subject to various regulatory capital adequacy requirements administered by federal banking agencies. Failure to meet minimum capital requirements can initiate certain mandatory and possibly additional discretionary actions by regulators that, if undertaken, could have a direct material effect on the Company’s consolidated financial statements. Under capital adequacy guidelines and, additionally for banks, the regulatory framework for prompt corrective action, the Bank must meet specific capital guidelines that involve quantitative measures of the Bank’s assets, liabilities, and certain off-balance sheet items as calculated under regulatory accounting practices. The Bank’s capital amounts and classification is also subject to qualitative judgments by the regulators regarding components, risk weightings and other factors. The final rules implementing Basel Committee on Banking Supervision’s capital guidelines for U.S. banks (“Basel III rules”) has been fully phased in. The net unrealized gain or loss on available-for-sale securities is not included in computing regulatory capital. During the three months ended June 30, 2020, the Company made a $10.0 million capital injection into the Bank. Management believes as of June 30, 2020, the Bank meets all capital adequacy requirements to which it is subject to. Prompt corrective action regulations for the Bank provide five classifications: well capitalized, adequately capitalized, undercapitalized, significantly undercapitalized, and critically undercapitalized, although these terms are not used to represent overall financial condition. If adequately capitalized, regulatory approval is required to accept brokered deposits. If undercapitalized, capital distributions are limited, as is asset growth and expansion, and capital restoration plans are required. The standard ratios established by the Bank’s primary regulators to measure capital require the Bank to maintain minimum amounts and ratios, set forth in the following table. These ratios are common equity Tier 1 capital (“CET 1”), Tier 1 capital and total capital (as defined in the regulations) to risk-weighted assets (as defined), and Tier 1 capital (as defined) to average assets (as defined). The actual capital ratios of the Bank, along with the applicable regulatory capital requirements as of June 30, 2020, were calculated in accordance with the requirements of Basel III. The final rules of Basel III also established a “capital conservation buffer” of 2.5% above new regulatory minimum capital ratios, which are fully effective following minimum ratios: (i) a CET 1 ratio of 7.0%; (ii) a Tier 1 capital ratio of 8.5%; and (iii) a total capital ratio of 10.5%. Banks are subject to limitations on paying dividends, engaging in share repurchases, and paying discretionary bonuses if its capital level falls below the buffer amount. These limitations establish a maximum percentage of eligible retained income that can be utilized for such activities. At June 30, 2020, required ratios including the capital conservation buffer were (i) CET 1 of 7.0%; (ii) a Tier 1 capital ratio of 8.5%; and (iii) a total capital ratio of 10.5%. As of June 30, 2020 and December 31, 2019, the most recent filings with the FDIC categorized the Bank as well capitalized under the regulatory guidelines. To be categorized as well capitalized, an institution must maintain minimum CET 1 risk-based, Tier 1 risk-based, total risk-based, and Tier 1 leverage ratios as set forth in the following table. Management believes there are no conditions or events since June 30, 2020, that have changed the categorization of the Bank as well capitalized. Management believes the Bank met all capital adequacy requirements to which it was subject as of June 30, 2020 and December 31, 2019. The following presents the actual and required capital amounts and ratios as of June 30, 2020 and December 31, 2019 (in thousands): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ To be Well Capitalized ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Under Prompt ​ ​ ​ ​ ​ ​ ​ Required for Capital ​ Corrective Action ​ ​ Actual ​ Adequacy Purposes (1) ​ Regulations June 30, 2020 Amount Ratio Amount Ratio Amount Ratio Tier 1 capital to risk-weighted assets ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Bank ​ $ 117,027 10.12 % $ 69,410 6.0 % $ 92,546 8.0 % Consolidated ​ ​ 112,739 ​ 9.67 ​ ​ N/A ​ N/A ​ ​ N/A ​ N/A ​ Common Equity Tier 1(CET1) to risk-weighted assets ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Bank ​ ​ 117,027 10.12 ​ 52,057 4.5 ​ 75,194 6.5 ​ Consolidated ​ ​ 112,739 ​ 9.67 ​ ​ N/A ​ N/A ​ ​ N/A ​ N/A ​ Total capital to risk-weighted assets ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Bank ​ ​ 127,781 11.05 ​ 92,546 8.0 ​ 115,683 10.0 ​ Consolidated ​ ​ 138,052 ​ 11.84 ​ ​ N/A ​ N/A ​ ​ N/A ​ N/A ​ Tier 1 capital to average assets ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Bank ​ ​ 117,027 8.63 ​ ​ 54,266 4.0 ​ ​ 67,833 5.0 ​ Consolidated ​ $ 112,739 ​ 8.30 % $ N/A ​ N/A % $ N/A ​ N/A % ______________________________________ (1) Does not include capital conservation buffer. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ To be Well Capitalized ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Under Prompt ​ ​ ​ ​ ​ ​ ​ Required for Capital ​ Corrective Action ​ ​ Actual ​ Adequacy Purposes (1) ​ Regulations December 31, 2019 Amount Ratio Amount Ratio Amount Ratio Tier 1 capital to risk-weighted assets ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Bank ​ $ 99,461 10.67 % $ 55,954 6.0 % $ 74,606 8.0 % Consolidated ​ ​ 105,821 ​ 11.31 ​ ​ N/A ​ N/A ​ ​ N/A ​ N/A ​ Common Equity Tier 1(CET1) to risk-weighted assets ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Bank ​ 99,461 10.67 ​ 41,966 4.5 ​ 60,617 6.5 ​ Consolidated ​ ​ 105,821 ​ 11.31 ​ ​ N/A ​ N/A ​ ​ N/A ​ N/A ​ Total capital to risk-weighted assets ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Bank ​ ​ 107,509 11.53 ​ 74,606 8.0 ​ 93,257 10.0 ​ Consolidated ​ ​ 120,429 ​ 12.87 ​ ​ N/A ​ N/A ​ ​ N/A ​ N/A ​ Tier 1 capital to average assets ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Bank ​ ​ 99,461 8.09 ​ 49,166 4.0 ​ 61,458 5.0 ​ Consolidated ​ $ 105,821 ​ 8.58 % $ N/A ​ N/A % $ N/A ​ N/A % ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ______________________________________ (1) Does not include capital conservation buffer. ​

ORGANIZATION AND SUMMARY OF S_2

ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	6 Months Ended
	Jun. 30, 2020
ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
Business and Basis of Presentation	Business and Basis of Presentation FWFI is a bank holding company with financial holding company status registered with the Board of Governors of the Federal Reserve System. FWFI wholly owns the following subsidiaries: First Western Trust Bank (the “Bank”), First Western Capital Management Company (“FWCM”), and Ryder, Stilwell Inc. (“RSI”). The Bank wholly owns the following subsidiaries, which are therefore indirectly wholly-owned by FWFI: First Western Merger Corporation (“Merger Corp.”), and RRI, LLC (“RRI”). RSI and RRI are not active operating entities. The Company provides a fully-integrated suite of wealth management services including, private banking, personal trust, investment management, mortgage loans, and institutional asset management services to individual and corporate clients principally in Colorado (metro Denver, Aspen, Boulder, Fort Collins and Vail Valley), Arizona (Phoenix and Scottsdale), California (Century City, Los Angeles) and Wyoming (Jackson Hole and Laramie). The Company’s revenues are generated from its full range of product offerings as noted above, but principally from net interest income (the interest income earned on the Bank’s assets net of funding costs), fee-based wealth advisory, investment management, asset management and personal trust services, and net gains earned on selling mortgage loans. The condensed consolidated financial statements have been prepared in conformity with accounting principles generally accepted in the United States of America (“GAAP”) for interim financial information and pursuant to the rules and regulations of the U.S. Securities and Exchange Commission (“SEC”). Accordingly, they do not include all the information and footnotes required by GAAP for complete financial statements. The December 31, 2019 condensed consolidated balance sheet has been derived from the audited financial statements for the year ended December 31, 2019. In the opinion of management, all adjustments that were recurring in nature and considered necessary have been included for fair presentation of the Company’s financial position and results of operations. Operating results for the three and six months ended June 30, 2020 are not necessarily indicative of results that may be expected for the full year ending December 31, 2020. In preparing the condensed consolidated financial statements, the Company is required to make estimates and assumptions that affect the reported amount of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could be significantly different from those estimates. The condensed consolidated financial statements and notes should be read in conjunction with the Company’s Annual Report on Form 10-K for the year ended December 31, 2019 as filed with the SEC.
Consolidation	Consolidation On May 15, 2020, the Company completed a branch purchase and assumption transaction (“Branch Acquisition”) with Simmons Bank (“Simmons”). Management concluded that the acquisition represented a business combination, which is accounted for using the acquisition method, with the results of operations included in the Company’s consolidated financial statements as of the acquisition date. For additional information, see Note 2.
Use of Estimates	Use of Estimates The Company could experience a material adverse effect on its business as a result of the impact of the COVID-19 pandemic, and the resulting governmental actions to curtail its spread. It is at least reasonably possible that information which was available at the date of the financial statements will change in the near term due to the COVID-19 pandemic and that the effect of the change would be material to the financial statements. The extent to which the COVID-19 pandemic will impact our estimates and assumptions is highly uncertain.
Concentration of Credit Risk	Concentration of Risk
Revenue Recognition	Revenue Recognition
Transition of LIBOR to an Alternative Reference Rate	Transition of LIBOR to an Alternative Reference Rate Certain of the Company’s assets and liabilities are indexed to LIBOR, with exposure extending past December 31, 2021. The Company is currently evaluating and planning for the eventual replacement of the LIBOR benchmark interest rate, including the possibility of SOFR as the dominant replacement. In general, the transition away from LIBOR may result in increased market risk, credit risk, operational risk and business risk for the Company. The Company has developed a LIBOR transition plan, which addresses governance, risk management, legal, operational, systems and operations, fallback language, and other aspects of planning.
COVID-19 and CARES Act	COVID-19 and CARES Act The CARES Act created the Paycheck Protection Program (“PPP”), which is administered by the Small Business Administration (“SBA”). The PPP is intended to provide loans to small businesses to pay their employees, rent, mortgage interest and utilities. The loans may be forgiven conditioned upon the client providing payroll documentation evidencing their compliant use of funds and otherwise complying with the terms of the program. The Bank is an approved SBA lender and supported the community and clients by originating PPP loans during the second quarter of 2020. PPP loans are classified in the Cash, Securities and Other portion of the loan portfolio. See Note 4 for further discussion on our PPP loans. As a result of the COVID-19 pandemic, a loan modification program was designed and implemented to assist our clients experiencing financial stress resulting from the economic impacts caused by the global pandemic. The Company offered loan extensions, temporary payment moratoriums, and financial covenant waivers for commercial and consumer borrowers impacted by the pandemic and had a risk rating of “pass” and had not been delinquent in making interest or principal payment by more than 30 days during the last two years. The CARES Act provides banks optional, temporary relief from accounting for certain loan modifications as troubled debt restructurings (‘TDR”). The modifications must be related to the adverse effects of COVID-19, and certain other criteria are required to be met in order to apply the relief. Interagency guidance from Federal Reserve and the Federal Deposit Insurance Corporation (“FDIC”) confirmed with the FASB that short-term modifications made on a good faith basis in response to COVID-19 to borrowers who were current prior to any relief, are not to be considered a TDR. We believe our loan modification program meets that definition and have not classified any of these modifications as a TDR at June 30, 2020. See Note 4 for further discussion on our loan modification program.
Reclassifications	Reclassifications
Recently adopted accounting pronouncements and Recently issued accounting pronouncements, not yet adopted	Recently adopted accounting pronouncements In August 2018, the FASB issued ASU 2018-13, Fair Value Measurement—Changes to the Disclosure Requirements for Fair Value Measurement (Topic 820) (“ASU 2018-13”). ASU 2018-13 modifies the disclosure requirements on fair value measurements by requiring that Level 3 fair value disclosures include the range and weighted average of significant unobservable inputs used to develop those fair value measurements. For certain unobservable inputs, an entity may disclose other quantitative information in lieu of the weighted average if the entity determines that other quantitative information would be a more reasonable and rational method to reflect the distribution of unobservable inputs used to develop Level 3 fair value measurements. ASU 2018-13 was effective for the Company on January 1, 2020 and did not have a material impact on the Company’s financial statement disclosures. Recently issued accounting pronouncements, not yet adopted In February 2016, the FASB issued ASU 2016-13, Financial Instruments—Credit Losses (Topic 326) (“ASU 2016-13”). ASU 2016-13 replaces the incurred loss model with an expected loss model, which is referred to as the current expected credit loss (“CECL”) model. The CECL model is applicable to the measurement of credit losses on the financial assets measured at amortized cost, including loan receivables, held-to-maturity debt securities, and reinsurance receivables. It also applies to off-balance sheet credit exposures not accounted for as insurance (loan commitments, standby letters of credit, financial guarantees, and other similar instruments) and net investments in leases recognized by a lessor. For all other assets within the scope of CECL, a cumulative-effect adjustment will be recognized in retained earnings and the allowance for loan losses as of the beginning of the first reporting period in which the guidance is effective. ASU 2016-13 was set to be effective for most public companies on January 1, 2020. However, at the October 16, 2019 FASB meeting, the FASB voted unanimously to delay the effective date of CECL adoption for smaller reporting companies (“SRCs”) to January 1, 2023. During the three months ended June 30, 2020, the CECL committee of the Company continued to work through its implementation plan. The Company has integrated historical and current loan level data as required by CECL and is working with its third-party vendor solution to begin evaluating the methodologies available under the CECL model on its loan portfolios. The Company also continues to evaluate documentation requirements, internal control structure, relevant data sources, and system configurations. The Company has completed a successful integration of the required fields and historical data for key loan, client and collateral data within the third-party solution and has been able to run parallels of our current ALLL calculation in the software to compare to our internal calculation and reconcile known differences. The Company has started the process of selecting the methodologies to be used for each segment of its loan portfolio and started preliminarily testing to determine the impact of each methodology. Currently, we are unable to estimate the impact the adoption of this update will have on the consolidated financial statements and disclosures. However, the Company expects the impact of the adoption will be significantly influenced by the composition and characteristics of its loan portfolios along with economic conditions prevalent as of the date of adoption. The Company expects to implement the new standard beginning January 1, 2023. In January 2017, the FASB issued ASU 2017-04, Intangibles—Goodwill and Other (Topic 350): Simplifying the Test for Goodwill Impairment

ACQUISITIONS (Tables)

ACQUISITIONS (Tables)	6 Months Ended
	Jun. 30, 2020
ACQUISITIONS
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed [Table Text Block]	The following table summarizes the estimated fair values of the assets acquired and liabilities assumed in the May 15, 2020 transaction with Simmons, and reflects all adjustments made to the fair value of the opening balance sheet through June 30, 2020 (in thousands): ​ ​ ​ ​ ​ ​ May 15, Fair value of consideration transferred ​ 2020 Cash consideration ​ $ 61,599 Total fair value of consideration transferred ​ ​ 61,599 ​ ​ ​ ​ Assets acquired ​ ​ ​ Cash and due from banks ​ ​ 283 Loans, net ​ ​ 119,552 Core deposit intangible ​ ​ 53 Accrued income and other assets ​ ​ 382 Total assets acquired ​ ​ 120,270 ​ ​ ​ ​ Liabilities assumed ​ ​ ​ Deposits ​ ​ 63,080 Accrued expenses and other liabilities ​ 96 Total liabilities assumed ​ ​ 63,176 Net assets acquired ​ ​ 57,094 Goodwill recognized ​ $ 4,505 ______________________________________ (1)
Schedule of composition of acquired loan portfolio	The composition of the acquired loan portfolio as of May 15, 2020 is detailed in the table below (in thousands): ​ ​ ​ ​ ​ ​ May 15, ​ 2020 Cash, Securities and Other ​ $ 13,457 Construction and Development ​ 40,407 1-4 Family Residential ​ 7,252 Non-Owner Occupied Commercial Real Estate ("CRE") ​ 545 Owner Occupied CRE ​ ​ 321 Commercial and Industrial ​ ​ 58,660 Total gross loans ​ $ 120,642

INVESTMENT SECURITIES (Tables)

INVESTMENT SECURITIES (Tables)	6 Months Ended
	Jun. 30, 2020
INVESTMENT SECURITIES
Schedule of the amortized cost and fair value of securities available for sale, with gross unrealized gains and losses recognized	The following presents the amortized cost and fair value of securities available-for-sale, with gross unrealized gains and losses recognized in accumulated other comprehensive income as of June 30, 2020 and December 31, 2019 (in thousands): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Gross ​ Gross ​ ​ ​ ​ ​ Amortized ​ Unrealized ​ Unrealized ​ Fair June 30, 2020 ​ Cost ​ Gains ​ Losses ​ Value Investment securities available-for-sale: ​ ​ ​ ​ U.S. Treasury debt ​ $ 250 ​ $ 7 ​ $ — ​ $ 257 Government National Mortgage Association ("GNMA") mortgage-backed securities – residential ​ 35,428 ​ 1,041 ​ — ​ 36,469 Federal National Mortgage Association ("FNMA") mortgage-backed securities – residential ​ ​ 2,646 ​ ​ 90 ​ ​ — ​ ​ 2,736 Corporate collateralized mortgage obligations ("CMO") and mortgage-backed securities ("MBS") ​ 7,557 ​ 111 ​ (112) ​ 7,556 Total securities available-for-sale ​ $ 45,881 ​ $ 1,249 ​ $ (112) ​ $ 47,018 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Gross Gross ​ ​ ​ ​ Amortized ​ Unrealized ​ Unrealized ​ Fair December 31, 2019 ​ Cost ​ Gains ​ Losses ​ Value Investment securities available-for-sale: ​ ​ ​ ​ U.S. Treasury debt ​ $ 250 ​ $ 4 ​ $ — ​ $ 254 GNMA mortgage-backed securities – residential ​ 45,490 ​ 157 ​ (335) ​ 45,312 FNMA mortgage-backed securities – residential ​ ​ 2,935 ​ ​ 11 ​ ​ (29) ​ ​ 2,917 Corporate CMO and MBS ​ 10,425 ​ 40 ​ (45) ​ 10,420 Total securities available-for-sale ​ $ 59,100 ​ $ 212 ​ $ (409) ​ $ 58,903
Summary of the amortized cost and estimated fair value of available for sale securities, excluding SBIC with contractual maturity dates	​ ​ ​ ​ ​ ​ ​ ​ ​ Amortized Fair June 30, 2020 ​ Cost ​ Value Due after one year through five years ​ $ 250 ​ $ 257 Securities (agency and CMO) ​ 45,631 ​ 46,761 Total ​ $ 45,881 ​ $ 47,018
Summary of securities with unrealized losses aggregated by major security type and length of time in a continuous unrealized loss position	The following table summarizes securities with unrealized losses at June 30, 2020 and December 31, 2019, aggregated by major security type and length of time in a continuous unrealized loss position (in thousands, before tax): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Less than 12 Months 12 Months or Longer Total ​ ​ Fair ​ Unrealized ​ Fair ​ Unrealized ​ Fair ​ Unrealized June 30, 2020 ​ Value ​ Losses ​ Value ​ Losses ​ Value Losses Corporate CMO and MBS ​ 1,363 ​ (112) ​ — ​ — ​ 1,363 ​ (112) Total ​ $ 1,363 ​ $ (112) ​ $ — ​ $ — ​ $ 1,363 ​ $ (112) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Less than 12 Months 12 Months or Longer Total ​ ​ Fair ​ Unrealized ​ Fair ​ Unrealized ​ Fair ​ Unrealized December 31, 2019 Value ​ Losses ​ Value ​ Losses Value Losses GNMA mortgage-backed securities - residential ​ $ 28,203 ​ $ (193) ​ $ 4,450 ​ $ (142) ​ $ 32,653 ​ $ (335) FNMA mortgage-backed securities - residential ​ ​ — ​ ​ — ​ ​ 2,347 ​ ​ (29) ​ ​ 2,347 ​ ​ (29) Corporate CMO and MBS ​ 7,780 ​ (45) ​ — ​ — ​ 7,780 ​ (45) Total ​ $ 35,983 ​ $ (238) ​ $ 6,797 ​ $ (171) ​ $ 42,780 ​ $ (409)

LOANS AND THE ALLOWANCE FOR L_2

LOANS AND THE ALLOWANCE FOR LOAN LOSSES (Tables)	6 Months Ended
	Jun. 30, 2020
LOANS AND THE ALLOWANCE FOR LOAN LOSSES
Summary of the Company's loans	The following presents a summary of the Company’s loans as of the dates noted (in thousands): ​ ​ ​ ​ ​ ​ ​ ​ ​ June 30, ​ December 31, ​ 2020 2019 Cash, Securities and Other (1) ​ $ 371,111 ​ $ 146,701 Construction and Development ​ 74,793 ​ 28,120 1-4 Family Residential ​ 418,409 ​ 400,134 Non-Owner Occupied CRE ​ 229,150 ​ 165,179 Owner Occupied CRE ​ ​ 117,426 ​ ​ 127,968 Commercial and Industrial ​ ​ 213,271 ​ ​ 128,457 Total loans ​ 1,424,160 ​ 996,559 Deferred costs (fees) and unamortized premium/(unaccreted discounts), net ​ (1,720) ​ 1,448 Allowance for loan losses ​ (10,354) ​ (7,875) Loans, net ​ $ 1,412,086 ​ $ 990,132 ______________________________________ (1)
Schedule of loan modifications	The Company modified 98 loans, including acquired loans, across multiple industries in the amount of $176.9 million during the six months ended June 30, 2020. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total Loans ​ # of Loans Modified ​ Outstanding Balance of Modified Loans ​ % of Total Loan Balance Modified ​ Cash, Securities and Other ​ $ 371,111 ​ ​ 7 ​ $ 5,570 ​ ​ 1.50 % Construction and Development ​ 74,793 ​ ​ 1 ​ ​ 3,814 ​ ​ 5.10 ​ 1-4 Family Residential ​ 418,409 ​ ​ 31 ​ ​ 41,690 ​ ​ 9.96 ​ Non-Owner Occupied CRE ​ ​ 229,150 ​ ​ 30 ​ ​ 65,491 ​ ​ 28.58 ​ Owner Occupied CRE ​ ​ 117,426 ​ ​ 10 ​ ​ 17,524 ​ ​ 14.92 ​ Commercial and Industrial ​ 213,271 ​ ​ 19 ​ ​ 42,765 ​ ​ 20.05 ​ Total Loans ​ $ 1,424,160 ​ ​ 98 ​ $ 176,854 ​ ​ 12.42 %
Summary of aging analysis of the recorded investments in loans past due	The following presents, by class, an aging analysis of the recorded investments (excluding accrued interest receivable, deferred loan fees, deferred costs, unamortized premium, and unaccreted discounts which are not material) in loans past due as of June 30, 2020 and December 31, 2019 (in thousands): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 30-59 60-89 90 or Total ​ ​ ​ Total ​ ​ Days ​ Days ​ More Days ​ Loans ​ ​ ​ ​ Recorded June 30, 2020 ​ Past Due ​ Past Due ​ Past Due ​ Past Due ​ Current ​ Investment Cash, Securities and Other ​ $ 1,199 ​ $ 400 ​ $ 1,493 ​ $ 3,092 ​ $ 368,019 ​ $ 371,111 Construction and Development ​ 2,567 ​ — ​ — ​ 2,567 ​ 72,226 ​ 74,793 1-4 Family Residential ​ 3,151 ​ 737 ​ — ​ 3,888 ​ 414,521 ​ 418,409 Non-Owner Occupied CRE ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ 229,150 ​ ​ 229,150 Owner Occupied CRE ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ 117,426 ​ ​ 117,426 Commercial and Industrial ​ 379 ​ — ​ 3,506 ​ 3,885 ​ 209,386 ​ 213,271 Total ​ $ 7,296 ​ $ 1,137 ​ $ 4,999 ​ $ 13,432 ​ $ 1,410,728 ​ $ 1,424,160 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 30-59 60-89 90 or Total ​ ​ ​ Total ​ ​ Days ​ Days ​ More Days ​ Loans ​ ​ ​ ​ Recorded December 31, 2019 ​ Past Due ​ Past Due ​ Past Due ​ Past Due ​ Current ​ Investment Cash, Securities and Other ​ $ 525 ​ $ — ​ $ — ​ $ 525 ​ $ 146,176 ​ $ 146,701 Construction and Development ​ — ​ — ​ — ​ — ​ 28,120 ​ 28,120 1-4 Family Residential ​ 5,688 ​ — ​ — ​ 5,688 ​ 394,446 ​ 400,134 Non-Owner Occupied CRE ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ 165,179 ​ ​ 165,179 Owner Occupied CRE ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ 127,968 ​ ​ 127,968 Commercial and Industrial ​ — ​ 3,110 ​ 907 ​ 4,017 ​ 124,440 ​ 128,457 Total ​ $ 6,213 ​ $ 3,110 ​ $ 907 ​ $ 10,230 ​ $ 986,329 ​ $ 996,559
Schedule of recorded investment in non accrual loans by class	The following presents the recorded investment in non-accrual loans by class as of the dates noted (in thousands): ​ ​ ​ ​ ​ ​ ​ ​ ​ June 30, ​ December 31, ​ 2020 2019 Cash, Securities and Other ​ $ 1,493 ​ $ 2,803 Commercial and Industrial ​ 4,325 ​ 4,412 Total ​ $ 5,818 ​ $ 7,215
Summary of the unpaid principal balance of loans classified as TDRs	The following presents a summary of the unpaid principal balance of loans classified as TDRs by loan type and delinquency status as of the dates noted (in thousands): ​ ​ ​ ​ ​ ​ ​ ​ ​ June 30, ​ December 31, ​ 2020 2019 Accruing ​ ​ ​ ​ ​ ​ Commercial and Industrial ​ $ 5,636 ​ $ 5,055 Non-accrual ​ ​ ​ ​ ​ ​ Cash, Securities, and Other ​ ​ 1,493 ​ ​ 2,803 Commercial and Industrial ​ ​ 4,325 ​ ​ 4,412 ​ ​ ​ ​ ​ ​ ​ Allowance for loan associated with TDR ​ (1,179) ​ (833) Net recorded investment ​ $ 10,275 ​ $ 11,437
Summary of impaired loans by portfolio and related valuation allowance	The following table presents impaired loans by portfolio and related valuation allowance as of the periods presented (in thousands): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ June 30, 2020 ​ December 31, 2019 ​ ​ ​ Unpaid Allowance ​ ​ ​ Unpaid Allowance ​ ​ Total ​ Contractual ​ for ​ Total ​ Contractual ​ for ​ ​ Recorded ​ Principal ​ Loan ​ Recorded ​ Principal ​ Loan ​ ​ Investment ​ Balance ​ Losses ​ Investment ​ Balance ​ Losses Impaired loans with a valuation allowance: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Commercial and Industrial ​ $ 3,434 ​ $ 3,434 ​ $ 1,179 ​ $ 4,412 ​ $ 4,412 ​ $ 833 Total ​ $ 3,434 ​ $ 3,434 ​ $ 1,179 ​ $ 4,412 ​ $ 4,412 ​ $ 833 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Impaired loans with no related valuation allowance: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Cash, Securities, and Other ​ $ 1,493 ​ $ 1,493 ​ $ — ​ $ 2,803 ​ $ 2,803 ​ $ — Commercial and Industrial ​ ​ 6,527 ​ ​ 6,527 ​ ​ — ​ ​ 5,055 ​ ​ 5,055 ​ ​ — Total ​ $ 8,020 ​ $ 8,020 ​ $ — ​ $ 7,858 ​ $ 7,858 ​ $ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total impaired loans: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Cash, Securities, and Other ​ $ 1,493 ​ $ 1,493 ​ $ — ​ $ 2,803 ​ $ 2,803 ​ $ — Commercial and Industrial ​ ​ 9,961 ​ ​ 9,961 ​ ​ 1,179 ​ ​ 9,467 ​ ​ 9,467 ​ ​ 833 Total ​ $ 11,454 ​ $ 11,454 ​ $ 1,179 ​ $ 12,270 ​ $ 12,270 ​ $ 833 The recorded investment in loans in the previous tables excludes accrued interest, deferred loan fees and costs and unamortized premium/discounts which are not material. Interest income, if any, was recognized on the cash basis on non-accrual loans. The average balance of impaired loans and interest income recognized on impaired loans during the three months ended June 30, 2020 and 2019 are included in the table below (in thousands): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three Months Ended June 30, ​ ​ 2020 ​ 2019 ​ ​ Average ​ Interest ​ Average ​ Interest ​ ​ Recorded ​ Income ​ Recorded ​ Income ​ ​ Investment ​ Recognized ​ Investment ​ Recognized Impaired loans with a valuation allowance: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Commercial and Industrial ​ $ 3,462 ​ $ — ​ $ 1,235 ​ $ — Total ​ $ 3,462 ​ $ — ​ $ 1,235 ​ $ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Impaired loans with no related valuation allowance: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Cash, Securities, and Other ​ $ 1,493 ​ $ — ​ $ 8,042 ​ $ — Commercial and Industrial ​ ​ 5,998 ​ ​ 84 ​ ​ 5,268 ​ ​ 68 1-4 Family Residential ​ ​ — ​ ​ — ​ ​ 412 ​ ​ 26 Total ​ $ 7,491 ​ $ 84 ​ $ 13,722 ​ $ 94 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total impaired loans: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Cash, Securities, and Other ​ $ 1,493 ​ $ — ​ $ 8,042 ​ $ — Commercial and Industrial ​ ​ 9,460 ​ ​ 84 ​ ​ 6,503 ​ ​ 68 1-4 Family Residential ​ ​ — ​ ​ — ​ ​ 412 ​ ​ 26 Total ​ $ 10,953 ​ $ 84 ​ $ 14,957 ​ $ 94 ​ The average balance of impaired loans and interest income recognized on impaired loans during the six months ended June 30, 2020 and 2019 are included in the table below (in thousands): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Six Months Ended June 30, ​ ​ 2020 ​ 2019 ​ ​ Average ​ Interest ​ Average ​ Interest ​ ​ Recorded ​ Income ​ Recorded ​ Income ​ ​ Investment ​ Recognized ​ Investment ​ Recognized Impaired loans with a valuation allowance: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Commercial and Industrial ​ $ 3,476 ​ $ — ​ $ 1,398 ​ $ — Total ​ $ 3,476 ​ $ — ​ $ 1,398 ​ $ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Impaired loans with no related valuation allowance: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Cash, Securities, and Other ​ $ 1,925 ​ $ — ​ $ 9,072 ​ $ — Commercial and Industrial ​ ​ 5,991 ​ ​ 165 ​ ​ 5,131 ​ ​ 188 1-4 Family Residential ​ ​ — ​ ​ — ​ ​ 412 ​ ​ 51 Total ​ $ 7,916 ​ $ 165 ​ $ 14,615 ​ $ 239 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total impaired loans: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Cash, Securities, and Other ​ $ 1,925 ​ $ — ​ $ 9,072 ​ $ — Commercial and Industrial ​ ​ 9,467 ​ ​ 165 ​ ​ 6,529 ​ ​ 188 1-4 Family Residential ​ ​ — ​ ​ — ​ ​ 412 ​ ​ 51 Total ​ $ 11,392 ​ $ 165 ​ $ 16,013 ​ $ 239 ​
Schedule of activity in the Company's allowance for loan losses by portfolio class	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Cash, ​ Construction ​ 1-4 ​ Non-Owner ​ Owner ​ Commercial ​ ​ ​ ​ Securities ​ and ​ Family ​ Occupied ​ Occupied ​ and ​ ​ ​ and Other ​ Development ​ Residential ​ CRE ​ CRE ​ Industrial ​ Total Changes in allowance for loan losses for the three months ended June 30, 2020 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Beginning balance ​ $ 1,092 ​ $ 186 ​ $ 3,008 ​ $ 1,403 ​ $ 884 ​ $ 1,669 ​ $ 8,242 Provision for (recovery of) loan losses ​ 1,345 ​ 298 ​ (300) ​ 80 ​ (124) ​ 825 ​ 2,124 Charge-offs ​ (24) ​ — ​ — ​ — ​ — ​ — ​ (24) Recoveries ​ 12 ​ — ​ — ​ — ​ — ​ — ​ 12 Ending balance ​ $ 2,425 ​ $ 484 ​ $ 2,708 ​ $ 1,483 ​ $ 760 ​ $ 2,494 ​ $ 10,354 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Changes in allowance for loan losses for the six months ended June 30, 2020 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Beginning balance ​ $ 1,058 ​ $ 200 ​ $ 2,850 ​ $ 1,176 ​ $ 911 ​ $ 1,680 ​ $ 7,875 Provision for (recovery of) loan losses ​ 1,379 ​ $ 284 ​ $ (142) ​ $ 307 ​ $ (151) ​ $ 814 ​ 2,491 Charge-offs ​ (24) ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ (24) Recoveries ​ 12 ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ 12 Ending balance ​ $ 2,425 ​ $ 484 ​ $ 2,708 ​ $ 1,483 ​ $ 760 ​ $ 2,494 ​ $ 10,354 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Allowance for loan losses at June 30, 2020 allocated to loans evaluated for impairment: ​ ​ ​ ​ ​ ​ ​ Individually ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ 1,179 ​ $ 1,179 Collectively ​ 2,425 ​ 484 ​ 2,708 ​ 1,483 ​ 760 ​ 1,315 ​ 9,175 Ending balance ​ $ 2,425 ​ $ 484 ​ $ 2,708 ​ $ 1,483 ​ $ 760 ​ $ 2,494 ​ $ 10,354 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Loans at June 30, 2020, evaluated for impairment: ​ ​ ​ ​ ​ ​ ​ Individually ​ $ 1,493 ​ $ — ​ $ — ​ $ — ​ $ — ​ $ 9,961 ​ $ 11,454 Collectively ​ 369,618 ​ 74,793 ​ 418,409 ​ 229,150 ​ 117,426 ​ 203,310 ​ 1,412,706 Ending balance ​ $ 371,111 ​ $ 74,793 ​ $ 418,409 ​ $ 229,150 ​ $ 117,426 ​ $ 213,271 ​ $ 1,424,160 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Cash, ​ Construction ​ 1-4 ​ Non-Owner ​ Owner ​ Commercial ​ ​ ​ ​ Securities ​ and ​ Family ​ Occupied ​ Occupied ​ and ​ ​ ​ and Other ​ Development ​ Residential ​ CRE ​ CRE ​ Industrial ​ Total Changes in allowance for loan losses for the three months ended June 30, 2019 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Beginning balance ​ $ 877 ​ $ 266 ​ $ 2,588 ​ $ 1,235 ​ $ 780 ​ $ 1,899 ​ $ 7,645 Provision for (recovery of) loan losses ​ 164 ​ 24 ​ 62 ​ (149) ​ 20 ​ (199) ​ (78) Charge-offs ​ — ​ — ​ — ​ — ​ — ​ — ​ — Recoveries ​ 8 ​ — ​ — ​ — ​ — ​ — ​ 8 Ending balance ​ $ 1,049 ​ $ 290 ​ $ 2,650 ​ $ 1,086 ​ $ 800 ​ $ 1,700 ​ $ 7,575 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Changes in allowance for loan losses for the six months ended June 30, 2019 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Beginning balance ​ $ 764 ​ $ 232 ​ $ 2,552 ​ $ 1,264 ​ $ 789 ​ $ 1,850 ​ $ 7,451 Provision for (recovery of) loan losses ​ 277 ​ 58 ​ 98 ​ (178) ​ 11 ​ (150) ​ 116 Charge-offs ​ — ​ — ​ — ​ — ​ — ​ — ​ — Recoveries ​ 8 ​ — ​ — ​ — ​ — ​ — ​ 8 Ending balance ​ $ 1,049 ​ $ 290 ​ $ 2,650 ​ $ 1,086 ​ $ 800 ​ $ 1,700 ​ $ 7,575 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Allowance for loan losses at December 31, 2019 allocated to loans evaluated for impairment: ​ ​ ​ ​ ​ ​ ​ Individually ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ 833 ​ $ 833 Collectively ​ 1,058 ​ 200 ​ 2,850 ​ 1,176 ​ 911 ​ 847 ​ 7,042 Ending balance ​ $ 1,058 ​ $ 200 ​ $ 2,850 ​ $ 1,176 ​ $ 911 ​ $ 1,680 ​ $ 7,875 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Loans at December 31, 2019, evaluated for impairment: ​ ​ ​ ​ ​ ​ ​ Individually ​ $ 2,803 ​ $ — ​ $ — ​ $ — ​ $ — ​ $ 9,467 ​ $ 12,270 Collectively ​ 143,898 ​ 28,120 ​ 400,134 ​ 165,179 ​ 127,968 ​ 118,990 ​ 984,289 Ending balance ​ $ 146,701 ​ $ 28,120 ​ $ 400,134 ​ $ 165,179 ​ $ 127,968 ​ $ 128,457 ​ $ 996,559
Summary of recorded investment in the Company's loans by class and by credit quality indicator	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Special ​ ​ ​ ​ ​ June 30, 2020 Pass Mention Substandard ​ Total Cash, Securities and Other ​ $ 369,618 ​ $ — ​ $ 1,493 ​ $ 371,111 Construction and Development ​ 74,793 ​ — ​ — ​ 74,793 1-4 Family Residential ​ ​ 413,514 ​ ​ — ​ ​ 4,895 ​ ​ 418,409 Non-Owner Occupied CRE ​ ​ 223,903 ​ ​ 5,247 ​ ​ — ​ ​ 229,150 Owner Occupied CRE ​ ​ 116,933 ​ ​ 493 ​ ​ — ​ ​ 117,426 Commercial and Industrial ​ 200,556 ​ — ​ 12,715 ​ 213,271 Total ​ $ 1,399,317 ​ $ 5,740 ​ $ 19,103 ​ $ 1,424,160 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Special ​ ​ ​ ​ ​ December 31, 2019 Pass Mention Substandard ​ Total Cash, Securities and Other ​ $ 143,898 ​ $ — ​ $ 2,803 ​ $ 146,701 Construction and Development ​ ​ 28,120 ​ — ​ — ​ 28,120 1-4 Family Residential ​ ​ 395,224 ​ ​ — ​ ​ 4,910 ​ ​ 400,134 Non-Owner Occupied CRE ​ ​ 164,021 ​ ​ 1,158 ​ ​ — ​ ​ 165,179 Owner Occupied CRE ​ 127,968 ​ ​ — ​ ​ — ​ ​ 127,968 Commercial and Industrial ​ 114,241 ​ — ​ 14,216 ​ 128,457 Total ​ $ 973,472 ​ $ 1,158 ​ $ 21,929 ​ $ 996,559

GOODWILL (Tables)

GOODWILL (Tables)	6 Months Ended
	Jun. 30, 2020
Goodwill.
Schedule of changes in carrying amount of goodwill	Changes in the carrying amount of goodwill were as follows (in thousands): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Wealth Management ​ Capital Management ​ Consolidated ​ ​ Wealth Management ​ Capital Management ​ ​ Consolidated ​ June 30, 2020 ​ December 31, 2019 Beginning balance $ 15,994 $ 3,692 $ 19,686 ​ $ 15,994 $ 8,817 ​ $ 24,811 Impairment ​ — ​ — ​ — ​ ​ — ​ (1,572) ​ ​ (1,572) Reclass to held or sale ​ — ​ — ​ — ​ ​ — ​ (3,553) ​ ​ (3,553) Acquisition activity ​ 4,505 ​ — ​ 4,505 ​ ​ — ​ — ​ ​ — Ending balance $ 20,499 $ 3,692 $ 24,191 ​ $ 15,994 $ 3,692 ​ $ 19,686

LEASES (Tables)

LEASES (Tables)	6 Months Ended
	Jun. 30, 2020
LEASES
Lease Balance Sheet Location	The following table presents the classification of the right-of-use asset and corresponding liability within the condensed consolidated balance sheet. The Company elected to not include short-term leases with initial terms of twelve months or less, on the condensed consolidated balance sheet, (in thousands). ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ June 30, ​ December 31, ​ ​ ​ 2020 ​ 2019 Lease Right-of-Use Assets Classification ​ ​ ​ ​ ​ ​ Operating lease right-of-use assets Other assets ​ $ 9,427 ​ $ 10,308 ​ ​ ​ ​ ​ ​ ​ ​ Lease Liabilities Classification ​ ​ ​ ​ ​ ​ Operating lease liabilities Other liabilities ​ $ 12,290 ​ $ 13,480
Schedule Of Weighted Average Lease Term And Discount Rate [Table Text Block]	​ ​ ​ ​ ​ ​ ​ ​ June 30, ​ December 31, ​ 2020 ​ 2019 Weighted-Average Remaining Lease Term ​ ​ ​ ​ ​ Operating leases 4.58 years ​ 4.91 years ​ ​ ​ ​ ​ ​ Weighted-Average Discount Rate ​ ​ ​ ​ ​ Operating leases 3.65 % ​ 3.71 %
Lease Costs	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three Months Ended June 30, ​ Six Months Ended June 30, ​ 2020 ​ 2019 ​ 2020 ​ 2019 Lease Costs ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Operating lease cost $ 814 ​ $ 789 ​ $ 1,615 ​ $ 1,572 Variable lease cost ​ 498 ​ ​ 385 ​ ​ 959 ​ ​ 773 Sublease income ​ (100) ​ ​ (100) ​ ​ (199) ​ ​ (199) Lease costs, net $ 1,212 ​ $ 1,074 ​ $ 2,375 ​ $ 2,146
Schedule of Minimum Lease Payments Due	The following table presents a maturity analysis of the Company’s operating lease liabilities on an annual basis for each of the first five years and total amounts thereafter as of June 30, 2020: ​ ​ ​ ​ Twelve months Ended ​ Operating Leases June 30, 2021 ​ $ 3,200 June 30, 2022 ​ 2,785 June 30, 2023 ​ ​ 2,644 June 30, 2024 ​ 2,329 June 30, 2025 ​ 2,164 Thereafter ​ 230 Total future minimum lease payments ​ $ 13,352 Less: Imputed interest ​ ​ (1,062) Present value of net future minimum lease payments ​ $ 12,290

DEPOSITS (Tables)

DEPOSITS (Tables)	6 Months Ended
	Jun. 30, 2020
DEPOSITS
Schedule of interest bearing deposits	The following presents the Company’s interest-bearing deposits at the dates noted (in thousands): ​ ​ ​ ​ ​ ​ ​ ​ ​ June 30, ​ December 31, ​ 2020 2019 Money market deposit accounts ​ $ 759,997 ​ $ 615,575 Time deposits ​ 152,897 ​ 134,913 Negotiable order of withdrawal accounts ​ 88,560 ​ 91,921 Savings accounts ​ 7,415 ​ 4,307 Total interest bearing deposits ​ $ 1,008,869 ​ $ 846,716 Aggregate time deposits of $250,000 or greater ​ $ 60,721 ​ $ 61,596

BORROWINGS (Tables)

BORROWINGS (Tables)	6 Months Ended
	Jun. 30, 2020
BORROWINGS
Schedule of borrowings from FHLB Topeka	The Company had the following borrowings from FHLB Topeka at the dates noted (in thousands): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ June 30, ​ December 31, Maturity Date Rate % 2020 2019 August 26, 2020 ​ 1.94 ​ ​ — ​ ​ 10,000 October 23, 2020 (1) — ​ 3,000 ​ — April 22, 2022 ​ 0.37 ​ ​ 5,000 ​ ​ — May 5, 2023 ​ 0.76 ​ ​ 10,000 ​ ​ — Total ​ $ 18,000 ​ $ 10,000 ________________________________________ (1)

COMMITMENTS AND CONTINGENCIES (

COMMITMENTS AND CONTINGENCIES (Tables)	6 Months Ended
	Jun. 30, 2020
COMMITMENTS AND CONTINGENCIES
Schedule of contract amounts represent credit risk	The following presents the Company’s financial instruments whose contract amounts represent credit risk, as of the dates noted (in thousands): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ June 30, 2020 ​ December 31, 2019 ​ Fixed Rate Variable Rate Fixed Rate Variable Rate Unused lines of credit ​ $ 61,994 ​ $ 334,674 ​ $ 32,896 ​ $ 290,653 Standby letters of credit ​ ​ 1,754 ​ ​ 17,387 ​ ​ 1,759 ​ ​ 24,197 Commitments to make loans to sell ​ ​ 250,973 ​ ​ — ​ ​ 47,354 ​ ​ — Commitments to make loans ​ $ 19,914 ​ $ 18,030 ​ $ — ​ $ —

SHAREHOLDERS EQUITY (Tables)

SHAREHOLDERS EQUITY (Tables)	6 Months Ended
	Jun. 30, 2020
SHAREHOLDERS EQUITY
Schedule of summarizes activity for nonqualified stock options	The following summarizes activity for nonqualified stock options for the six months ended June 30, 2020: : ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Weighted ​ ​ ​ ​ ​ ​ Weighted ​ Average ​ ​ ​ ​ Number ​ Average ​ Remaining ​ Aggregate ​ ​ of ​ Exercise ​ Contractual ​ Intrinsic ​ Options Price Term Value Outstanding at December 31, 2019 ​ 419,197 ​ $ 29.02 ​ ​ ​ ​ Granted ​ - ​ ​ - ​ ​ ​ ​ Exercised ​ - ​ ​ - ​ ​ ​ ​ Forfeited or expired ​ - ​ ​ - ​ ​ ​ ​ Outstanding at June 30, 2020 ​ 419,197 ​ $ 29.02 ​ 3.1 ​ (a) Options fully vested / exercisable at June 30, 2020 ​ 396,916 ​ $ 29.20 ​ 3.0 ​ (a) ________________________________________ (a) Nonqualified stock options outstanding at the end of the period and those fully vested / exercisable had immaterial aggregate intrinsic values.
Schedule of summarizes the activity for the Time Vesting Units, the Financial Performance Units and the Market Performance Units	The following summarizes the activity for the Time Vesting Units, the Financial Performance Units and the Market Performance Units for the six months ended June 30, 2020: ​ ​ ​ ​ ​ ​ ​ ​ ​ Time ​ Financial ​ Market ​ ​ Vesting ​ Performance ​ Performance ​ Units Units Units Outstanding at December 31, 2019 ​ 209,444 ​ 69,426 ​ 14,862 Granted ​ 90,727 ​ 60,160 ​ - Vested ​ (54,112) ​ - ​ - Forfeited ​ (1,888) ​ (854) ​ - Outstanding at June 30, 2020 ​ 244,171 ​ 128,732 ​ 14,862

EARNINGS PER COMMON SHARE (Tabl

EARNINGS PER COMMON SHARE (Tables)	6 Months Ended
	Jun. 30, 2020
EARNINGS PER COMMON SHARE
Schedule of basic and diluted earning (loss) per share	The table below presents the calculation of basic and diluted earnings per common share for the periods indicated (amounts in thousands, except share and per share amounts): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three Months Ended June 30, ​ Six Months Ended June 30, ​ 2020 2019 2020 2019 Earnings per common share - Basic ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Numerator: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Net income ​ $ 8,696 $ 1,404 ​ $ 10,030 $ 3,031 Dividends on preferred stock ​ — ​ — ​ — ​ — Net income available for common shareholders ​ $ 8,696 $ 1,404 ​ $ 10,030 $ 3,031 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Denominator: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Basic weighted average shares ​ 7,890,337 7,881,999 ​ 7,876,951 7,877,864 Earnings per common share - basic ​ $ 1.10 ​ $ 0.18 ​ $ 1.27 ​ $ 0.39 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Earnings per common share - Diluted ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Numerator: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Net income ​ $ 8,696 $ 1,404 ​ $ 10,030 $ 3,031 Dividends on preferred stock ​ — ​ — ​ — ​ — Net income available for common shareholders ​ $ 8,696 $ 1,404 ​ $ 10,030 $ 3,031 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Denominator: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Basic weighted average shares ​ ​ 7,890,337 ​ ​ 7,881,999 ​ ​ 7,876,951 ​ ​ 7,877,864 Diluted effect of common stock equivalents: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Stock options ​ ​ — ​ ​ — ​ ​ — ​ ​ — Time Vesting Units ​ ​ 18,401 ​ ​ 2,044 ​ ​ 23,517 ​ ​ 2,062 Financial Performance Units ​ ​ 6,558 ​ ​ — ​ ​ 15,804 ​ ​ — Market Performance Units ​ ​ 13,222 ​ ​ 13,049 ​ ​ 13,294 ​ ​ 13,448 Restricted Stock Awards ​ ​ — ​ ​ — ​ ​ — ​ ​ — Total diluted effect of common stock equivalents ​ ​ 38,181 ​ ​ 15,093 ​ ​ 52,615 ​ ​ 15,510 Diluted weighted average shares ​ 7,928,518 7,897,092 ​ 7,929,566 7,893,374 Earnings per common share - diluted ​ $ 1.10 ​ $ 0.18 ​ $ 1.26 ​ $ 0.39
Schedule of Antidilutive securities	As of June 30, 2020 and 2019, potentially dilutive securities excluded from the diluted earnings per share calculation are as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three Months Ended June 30, ​ Six Months Ended June 30, ​ ​ 2020 ​ 2019 ​ 2020 ​ 2019 Stock options ​ ​ 419,197 ​ ​ 442,097 ​ 419,197 ​ ​ 445,947 Time Vesting Units ​ ​ 92,388 ​ ​ 198,611 ​ 89,656 ​ ​ 179,301 Financial Performance Units ​ ​ 96,257 ​ ​ 70,865 ​ 48,129 ​ ​ 42,998 Restricted Stock Awards ​ ​ 41,830 ​ ​ 94,736 ​ 51,749 ​ ​ 94,736 Total potentially dilutive securities ​ ​ 649,672 ​ ​ 806,309 ​ 608,731 ​ ​ 762,982

RELATED-PARTY TRANSACTIONS (Tab

RELATED-PARTY TRANSACTIONS (Tables)	6 Months Ended
	Jun. 30, 2020
RELATED-PARTY TRANSACTIONS
Summary of related-party loan activity	​ ​ ​ ​ ​ ​ ​ ​ June 30, 2020 December 31, 2019 Balance, beginning of year ​ $ 5,675 ​ $ 2,659 Funded loans ​ 3,262 ​ 11,618 Payments collected ​ (6,075) ​ (8,602) Balance, end of year ​ $ 2,862 ​ $ 5,675

FAIR VALUE (Tables)

FAIR VALUE (Tables)	6 Months Ended
	Jun. 30, 2020
FAIR VALUE
Schedule of fair value assets and liabilities measured on recurring basis	The following presents assets and liabilities measured on a recurring basis at June 30, 2020 and December 31, 2019 (in thousands): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Quoted ​ ​ ​ ​ ​ ​ ​ ​ Prices in ​ Significant ​ ​ ​ ​ ​ ​ ​ ​ Active Markets ​ Other ​ Significant ​ ​ ​ ​ ​ for Identical ​ Observable ​ Unobservable ​ ​ ​ ​ ​ Assets ​ Inputs ​ Inputs ​ Reported June 30, 2020 ​ (Level 1) ​ (Level 2) ​ (Level 3) ​ Balance Investment securities available-for-sale: ​ ​ ​ ​ U.S. Treasury debt ​ $ 257 ​ $ — ​ $ — ​ $ 257 GNMA mortgage-backed securities - residential ​ — ​ 36,469 ​ — ​ 36,469 FNMA mortgage-backed securities - residential ​ ​ — ​ ​ 2,736 ​ ​ — ​ ​ 2,736 Corporate CMO and MBS ​ — ​ 7,556 ​ — ​ 7,556 Total securities available-for-sale ​ $ 257 ​ $ 46,761 ​ $ — ​ $ 47,018 Equity securities ​ $ 732 ​ $ — ​ $ — ​ $ 732 Guarantee asset ​ $ — ​ $ — ​ $ 222 ​ $ 222 IRLC and FSC, net ​ $ — ​ $ — ​ $ 7,482 ​ $ 7,482 Guarantee liability ​ $ — ​ $ — ​ $ 191 ​ $ 191 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Quoted ​ ​ ​ ​ ​ ​ ​ ​ Prices in ​ Significant ​ ​ ​ ​ ​ ​ ​ ​ Active Markets ​ Other ​ Significant ​ ​ ​ ​ ​ for Identical ​ Observable ​ Unobservable ​ ​ ​ ​ ​ Assets ​ Inputs ​ Inputs ​ Reported December 31, 2019 ​ (Level 1) ​ (Level 2) ​ (Level 3) ​ Balance Investment securities available-for-sale: ​ ​ ​ ​ U.S. Treasury debt ​ $ 254 ​ $ — ​ $ — ​ $ 254 GNMA mortgage-backed securities - residential ​ — ​ 45,312 ​ — ​ 45,312 FNMA mortgage-backed securities - residential ​ ​ — ​ ​ 2,917 ​ ​ — ​ ​ 2,917 Corporate CMO and MBS ​ — ​ 10,420 ​ — ​ 10,420 Total securities available-for-sale ​ $ 254 ​ $ 58,649 ​ $ — ​ $ 58,903 Equity securities ​ $ 713 ​ $ — ​ $ — ​ $ 713 IRLC and FSC, net ​ $ — ​ $ — ​ $ 1,184 ​ $ 1,184
Summary of assets and liability for level 3 instruments measured at fair value on recurring basis	The following presents a reconciliation for level 3 instruments measured at fair value on a recurring basis (in thousands): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three months Ended June 30, 2020 Guarantee asset IRLC and FSC, net Guarantee liability ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Beginning balance ​ $ — ​ $ 4,009 ​ $ — Sales ​ 244 ​ ​ — ​ ​ 244 Gains (losses) in net (loss) income, net ​ ​ 16 ​ ​ 719 ​ ​ (53) Other settlements, net (1) ​ (38) ​ ​ 2,754 ​ ​ — Ending Balance ​ $ 222 ​ $ 7,482 ​ $ 191 ______________________________________ (1) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Six months Ended June 30, 2020 Guarantee asset IRLC and FSC, net Guarantee liability ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Beginning balance ​ $ — ​ $ 1,184 ​ $ — Sales ​ 244 ​ ​ — ​ ​ 244 Gains (losses) in net (loss) income, net ​ ​ 16 ​ ​ 647 ​ ​ (53) Other settlements, net (1) ​ (38) ​ ​ 5,651 ​ ​ — Ending Balance ​ $ 222 ​ $ 7,482 ​ $ 191 ______________________________________ (1)
Summary of assets measured at fair value on nonrecurring basis	The following presents assets measured on a nonrecurring basis as of June 30, 2020 and December 31, 2019 (in thousands): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Quoted ​ ​ ​ ​ ​ Prices in ​ Significant ​ ​ ​ ​ ​ ​ ​ ​ Active Markets ​ Other ​ Significant ​ ​ ​ ​ ​ for Identical ​ Observable ​ Unobservable ​ ​ ​ ​ ​ Assets ​ Inputs ​ Inputs ​ Reported June 30, 2020 ​ (Level 1) ​ (Level 2) ​ (Level 3) ​ Balance Other real estate owned: ​ ​ ​ ​ Commercial properties ​ $ — ​ $ — ​ $ 658 ​ $ 658 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total impaired loans: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Commercial and industrial ​ $ — ​ $ — ​ $ 2,255 ​ $ 2,255 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Quoted ​ ​ ​ ​ ​ Prices in ​ Significant ​ ​ ​ ​ ​ ​ ​ ​ Active Markets ​ Other ​ Significant ​ ​ ​ ​ ​ for Identical ​ Observable ​ Unobservable ​ ​ ​ ​ ​ Assets ​ Inputs ​ Inputs ​ Reported December 31, 2019 ​ (Level 1) ​ (Level 2) ​ (Level 3) ​ Balance Other real estate owned: ​ ​ ​ ​ Commercial properties ​ $ — ​ $ — ​ $ 658 ​ $ 658 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total impaired loans: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Commercial and industrial ​ $ — ​ $ — ​ $ 3,579 ​ $ 3,579
Summary of assets and liabilities measured at fair value on a recurring or nonrecurring, the significant unobservable inputs	The following presents quantitative information about the significant unobservable inputs used in the fair value measurement of recurring and nonrecurring non-financial instruments categorized within Level 3 of the fair value hierarchy as of June 30, 2020 and December 31, 2019 (dollars in thousands): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Quantitative Information about Level 3 Fair Value Measurements at June 30, 2020 ​ ​ ​ ​ ​ Valuation ​ Significant ​ Range ​ ​ Fair Value ​ Technique ​ Unobservable Input ​ (Weighted Average) Other real estate owned: ​ ​ ​ ​ Commercial properties ​ ​ 658 ​ ​ Appraisal value ​ ​ Discount rate ​ ​ 50% (50%) ​ ​ ​ ​ ​ ​ ​ ​ ​ Commission and cost to sell ​ ​ 1% - 10% (7%) Total impaired loans: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Commercial and industrial ​ ​ 2,255 ​ ​ Sales comparison, Market approach - guideline transaction method ​ ​ Management discount for asset/property type ​ ​ 7% - 10% (10%) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Quantitative Information about Level 3 Fair Value Measurements at December 31, 2019 ​ ​ ​ ​ ​ Valuation ​ Significant ​ Range ​ ​ Fair Value ​ Technique ​ Unobservable Input ​ (Weighted Average) Other real estate owned: ​ ​ ​ ​ Commercial properties ​ $ 658 ​ ​ Appraisal value ​ ​ Discount rate ​ ​ 50% (50%) ​ ​ ​ ​ ​ ​ ​ ​ ​ Commission and cost to sell ​ ​ 1% - 10% (7%) Total impaired loans: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Commercial and industrial ​ $ 3,579 ​ ​ Sales comparison, Market approach - guideline transaction method ​ ​ Management discount for asset/property type ​ ​ 0% - 50% (23%)
Summary of carrying amounts and estimated fair values of financial instruments	The following presents carrying amounts and estimated fair values for financial instruments as of June 30, 2020 and December 31, 2019 (in thousands): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Carrying ​ Fair Value Measurements Using: June 30, 2020 Amount Level 1 Level 2 Level 3 Assets: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Cash and cash equivalents ​ $ 191,676 ​ $ 191,676 ​ $ — ​ $ — Securities available-for-sale ​ 47,018 ​ 257 ​ 46,761 ​ — Loans, net ​ 1,412,086 ​ — ​ — ​ 1,412,463 Mortgage loans held for sale ​ 69,604 ​ — ​ 69,604 ​ — Accrued interest receivable ​ 5,108 ​ — ​ 5,108 ​ — Equity securities ​ ​ 732 ​ ​ 732 ​ ​ — ​ ​ — Guarantee asset ​ ​ 222 ​ ​ — ​ ​ — ​ ​ 222 Liabilities: ​ ​ ​ ​ Deposits ​ ​ 1,406,932 ​ ​ — ​ ​ 1,408,813 ​ ​ — Borrowings: ​ ​ ​ ​ FHLB Topeka Borrowings – fixed rate ​ 18,000 ​ — ​ 18,011 ​ — Federal Reserve Borrowings – fixed rate ​ 204,313 ​ — ​ 204,313 ​ — Subordinated notes – fixed-to-floating rate ​ 14,444 ​ — ​ — ​ 14,799 Accrued interest payable ​ ​ 205 ​ ​ — ​ ​ 205 ​ ​ — Guarantee liability ​ $ 191 ​ $ — ​ $ — ​ $ 191 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Carrying ​ Fair Value Measurements Using: December 31, 2019 ​ Amount ​ Level 1 ​ Level 2 ​ Level 3 Assets: ​ ​ ​ ​ Cash and cash equivalents ​ $ 78,638 ​ $ 78,638 ​ $ — ​ $ — Securities available-for-sale ​ 58,903 ​ 254 ​ 58,649 ​ — Loans, net ​ 990,132 ​ — ​ — ​ 974,142 Mortgage loans held for sale ​ 48,312 ​ — ​ 48,312 ​ — Accrued interest receivable ​ 3,048 ​ — ​ 3,048 ​ — Equity securities ​ 713 ​ ​ 713 ​ ​ — ​ ​ — Liabilities: ​ ​ ​ ​ Deposits ​ ​ 1,086,784 ​ ​ — ​ ​ 1,089,261 ​ ​ — Borrowings: ​ ​ ​ ​ FHLB Topeka Borrowings – fixed rate ​ 10,000 ​ — ​ 10,003 ​ — Subordinated notes – fixed-to-floating rate ​ ​ 6,560 ​ — ​ — ​ 6,004 Accrued interest payable ​ $ 299 ​ $ — ​ $ 299 ​ $ —

ASSETS AND OTHER LIABILITIES _2

ASSETS AND OTHER LIABILITIES CLASSIFIED AS HELD FOR SALE (Tables)	6 Months Ended
	Jun. 30, 2020
ASSETS AND OTHER LIABILITIES CLASSIFIED AS HELD FOR SALE
Schedule of assets and liabilities in disposal groups held for sale	Assets and other liabilities in disposal groups held for sale are as follows at the dates noted (in thousands): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ June 30, ​ December 31, ​ 2020 2019 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Wealth ​ Capital ​ ​ ​ ​ Wealth ​ Capital ​ ​ ​ ​ ​ Management ​ Management ​ Consolidated ​ Management ​ Management ​ Consolidated ASSETS ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Goodwill ​ $ — ​ $ 3,000 ​ $ 3,000 ​ $ — ​ $ 3,553 ​ $ 3,553 Premises and equipment ​ ​ 10 ​ ​ — ​ ​ 10 ​ ​ — ​ ​ — ​ ​ — Assets in disposal groups held for sale ​ $ 10 ​ $ 3,000 ​ $ 3,010 ​ $ — ​ $ 3,553 ​ $ 3,553 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ LIABILITIES ​ ​ ​ ​ ​ ​ Other liabilities ​ $ — ​ $ 135 ​ $ 135 ​ $ — ​ $ 117 ​ $ 117 Liabilities in disposal groups held for sale ​ $ — ​ $ 135 ​ $ 135 ​ $ — ​ $ 117 ​ $ 117

SEGMENT REPORTING (Tables)

SEGMENT REPORTING (Tables)	6 Months Ended
	Jun. 30, 2020
SEGMENT REPORTING
Schedule of segment data	The tables below present the financial information for each segment that is specifically identifiable or based on allocations using internal methods for the three months ended June 30, 2020 and 2019 (in thousands): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three Months Ended June 30, 2020 ​ Wealth ​ Capital ​ Mortgage ​ Consolidated Income Statement ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total interest income $ 12,470 $ — $ — $ 12,470 Total interest expense ​ ​ 1,674 ​ ​ — ​ ​ — ​ ​ 1,674 Provision for loan losses ​ ​ 2,124 ​ ​ — ​ ​ — ​ ​ 2,124 Net interest income ​ ​ 8,672 ​ ​ — ​ ​ — ​ ​ 8,672 Non-interest income ​ ​ 4,442 ​ ​ 788 ​ ​ 10,197 ​ ​ 15,427 Total income ​ ​ 13,114 ​ ​ 788 ​ ​ 10,197 ​ ​ 24,099 Depreciation and amortization expense ​ ​ 233 ​ 22 ​ 21 ​ 276 All other non-interest expense ​ ​ 9,785 ​ ​ 714 ​ ​ 1,869 ​ ​ 12,368 Income before income tax ​ $ 3,096 ​ $ 52 ​ $ 8,307 ​ $ 11,455 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Goodwill ​ $ 20,499 $ 3,692 $ — $ 24,191 Assets held for sale ​ ​ 10 ​ ​ 3,000 ​ ​ — ​ ​ 3,010 Total assets ​ $ 1,722,465 $ 8,492 $ 79,569 $ 1,810,526 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three Months Ended June 30, 2019 ​ Wealth ​ Capital Mortgage Consolidated Income Statement ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total interest income $ 11,174 ​ $ — $ — $ 11,174 Total interest expense ​ ​ 3,214 ​ ​ — ​ — ​ 3,214 Provision for (recovery of) loan losses ​ ​ (78) ​ ​ — ​ — ​ (78) Net interest income ​ ​ 8,038 ​ ​ — ​ — ​ 8,038 Non-interest income ​ ​ 4,512 ​ ​ 798 ​ 3,276 ​ 8,586 Total income ​ ​ 12,550 ​ ​ 798 ​ 3,276 ​ 16,624 Depreciation and amortization expense ​ ​ 301 ​ ​ 95 ​ 73 ​ 469 All other non-interest expense ​ ​ 10,432 ​ ​ 2,313 (1) ​ 1,445 ​ 14,190 Income (loss) before income tax ​ $ 1,817 ​ $ (1,610) $ 1,758 $ 1,965 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Goodwill ​ $ 15,994 ​ $ 7,245 $ — $ 23,239 Total assets ​ $ 1,145,910 ​ $ 9,025 $ 35,530 $ 1,190,465 ______________________________________ (1) Includes goodwill impairment charge of $1.6 million. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Six Months Ended June 30, 2020 ​ Wealth ​ Capital ​ Mortgage ​ Consolidated Income Statement ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total interest income $ 23,982 $ — $ — $ 23,982 Total interest expense ​ ​ 4,255 ​ ​ — ​ — ​ 4,255 Provision for loan losses ​ ​ 2,491 ​ ​ — ​ — ​ 2,491 Net interest income ​ ​ 17,236 ​ ​ — ​ — ​ 17,236 Non-interest income ​ ​ 8,900 ​ ​ 1,593 ​ 12,701 ​ 23,194 Total income ​ ​ 26,136 ​ ​ 1,593 ​ 12,701 ​ 40,430 Depreciation and amortization expense ​ ​ 466 ​ ​ 44 ​ 42 ​ 552 All other non-interest expense ​ ​ 20,955 ​ ​ 2,145 (1) ​ 3,639 ​ 26,739 Income (loss) before income tax ​ $ 4,715 ​ $ (596) $ 9,020 $ 13,139 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Goodwill ​ $ 20,499 ​ $ 3,692 $ — $ 24,191 Assets held for sale ​ ​ 10 ​ ​ 3,000 ​ — ​ 3,010 Total assets ​ $ 1,722,465 ​ $ 8,492 $ 79,569 $ 1,810,526 ______________________________________ (1) Includes loss on assets held for sale of $0.6 million. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Six Months Ended June 30, 2019 ​ Wealth ​ Capital Mortgage Consolidated Income Statement ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total interest income $ 22,224 ​ $ — $ — $ 22,224 Total interest expense ​ ​ 6,293 ​ ​ — ​ — ​ 6,293 Provision for loan losses ​ ​ 116 ​ ​ — ​ — ​ 116 Net interest income ​ ​ 15,815 ​ ​ — ​ — ​ 15,815 Non-interest income ​ ​ 9,244 ​ ​ 1,563 ​ 4,755 ​ 15,562 Total income ​ ​ 25,059 ​ ​ 1,563 ​ 4,755 ​ 31,377 Depreciation and amortization expense ​ ​ 632 ​ ​ 226 ​ 138 ​ 996 All other non-interest expense ​ ​ 20,499 ​ ​ 3,008 (1) ​ 2,758 ​ 26,265 Income (loss) before income tax ​ $ 3,928 ​ $ (1,671) $ 1,859 $ 4,116 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Goodwill ​ $ 15,994 ​ $ 7,245 $ — $ 23,239 Total assets ​ $ 1,145,910 ​ $ 9,025 $ 35,530 $ 1,190,465 ______________________________________ (1) Includes goodwill impairment charge of $1.6 million.

REGULATORY CAPITAL MATTERS (Tab

REGULATORY CAPITAL MATTERS (Tables)	6 Months Ended
	Jun. 30, 2020
REGULATORY CAPITAL MATTERS
Schedule of actual and required capital ratios	The following presents the actual and required capital amounts and ratios as of June 30, 2020 and December 31, 2019 (in thousands): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ To be Well Capitalized ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Under Prompt ​ ​ ​ ​ ​ ​ ​ Required for Capital ​ Corrective Action ​ ​ Actual ​ Adequacy Purposes (1) ​ Regulations June 30, 2020 Amount Ratio Amount Ratio Amount Ratio Tier 1 capital to risk-weighted assets ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Bank ​ $ 117,027 10.12 % $ 69,410 6.0 % $ 92,546 8.0 % Consolidated ​ ​ 112,739 ​ 9.67 ​ ​ N/A ​ N/A ​ ​ N/A ​ N/A ​ Common Equity Tier 1(CET1) to risk-weighted assets ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Bank ​ ​ 117,027 10.12 ​ 52,057 4.5 ​ 75,194 6.5 ​ Consolidated ​ ​ 112,739 ​ 9.67 ​ ​ N/A ​ N/A ​ ​ N/A ​ N/A ​ Total capital to risk-weighted assets ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Bank ​ ​ 127,781 11.05 ​ 92,546 8.0 ​ 115,683 10.0 ​ Consolidated ​ ​ 138,052 ​ 11.84 ​ ​ N/A ​ N/A ​ ​ N/A ​ N/A ​ Tier 1 capital to average assets ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Bank ​ ​ 117,027 8.63 ​ ​ 54,266 4.0 ​ ​ 67,833 5.0 ​ Consolidated ​ $ 112,739 ​ 8.30 % $ N/A ​ N/A % $ N/A ​ N/A % ______________________________________ (1) Does not include capital conservation buffer. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ To be Well Capitalized ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Under Prompt ​ ​ ​ ​ ​ ​ ​ Required for Capital ​ Corrective Action ​ ​ Actual ​ Adequacy Purposes (1) ​ Regulations December 31, 2019 Amount Ratio Amount Ratio Amount Ratio Tier 1 capital to risk-weighted assets ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Bank ​ $ 99,461 10.67 % $ 55,954 6.0 % $ 74,606 8.0 % Consolidated ​ ​ 105,821 ​ 11.31 ​ ​ N/A ​ N/A ​ ​ N/A ​ N/A ​ Common Equity Tier 1(CET1) to risk-weighted assets ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Bank ​ 99,461 10.67 ​ 41,966 4.5 ​ 60,617 6.5 ​ Consolidated ​ ​ 105,821 ​ 11.31 ​ ​ N/A ​ N/A ​ ​ N/A ​ N/A ​ Total capital to risk-weighted assets ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Bank ​ ​ 107,509 11.53 ​ 74,606 8.0 ​ 93,257 10.0 ​ Consolidated ​ ​ 120,429 ​ 12.87 ​ ​ N/A ​ N/A ​ ​ N/A ​ N/A ​ Tier 1 capital to average assets ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Bank ​ ​ 99,461 8.09 ​ 49,166 4.0 ​ 61,458 5.0 ​ Consolidated ​ $ 105,821 ​ 8.58 % $ N/A ​ N/A % $ N/A ​ N/A % ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ______________________________________ (1) Does not include capital conservation buffer.

ORGANIZATION AND SUMMARY OF S_3

ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Concentration of Credit Risk (Details)	6 Months Ended	12 Months Ended
	Jun. 30, 2020	Dec. 31, 2019
Customer concentration | Loan portfolio
ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
Concentration risk (as a percent)	58.70%	71.70%

ACQUISITIONS (Details)

ACQUISITIONS (Details) $ in Thousands	May 15, 2020USD ($)item	Jun. 30, 2020USD ($)	Dec. 31, 2019USD ($)	Jun. 30, 2019USD ($)	Dec. 31, 2018USD ($)
Business Acquisition [Line Items]
Goodwill		$ 24,191	$ 19,686	$ 23,239	$ 24,811
Simmons Bank
Business Acquisition [Line Items]
Number of branches acquired | item	3
Loan production offices acquired | item	1
Purchase consideration	$ 61,599
Deposit premium	6.06%
Goodwill	$ 4,505
Loans, net	119,552
Contractual balance	120,600
Discount on loans	$ 1,100
Discount on loans (in percent)	0.90%
Allowance for Loan and Lease Losses, Loans Acquired	$ 0

ACQUISITIONS - Fair Value (Deta

ACQUISITIONS - Fair Value (Details) - USD ($) $ in Thousands	May 15, 2020	Jun. 30, 2020	Dec. 31, 2019	Jun. 30, 2019	Dec. 31, 2018
Liabilities assumed
Goodwill		$ 24,191	$ 19,686	$ 23,239	$ 24,811
Total gross loans		1,424,160	996,559
Cash, Securities and Other
Liabilities assumed
Total gross loans		371,111	146,701
Construction and Development
Liabilities assumed
Total gross loans		74,793	28,120
1-4 Family Residential
Liabilities assumed
Total gross loans		418,409	400,134
Non-Owner Occupied CRE
Liabilities assumed
Total gross loans		229,150	165,179
Owner Occupied CRE
Liabilities assumed
Total gross loans		117,426	127,968
Commercial and Industrial
Liabilities assumed
Total gross loans		213,271	$ 128,457
Simmons Bank
Business Acquisition [Line Items]
Cash consideration	$ 61,599
Total fair value of consideration transferred	61,599
Assets acquired
Cash and due from banks	283
Loans, net	119,552
Accrued income and other assets	382
Total assets acquired	120,270
Liabilities assumed
Deposits	63,080
Accrued expenses and other liabilities	96
Total liabilities assumed	63,176
Net assets acquired	57,094
Goodwill	4,505
Total gross loans	120,642	123,800
Acquisition cost		$ 300
Simmons Bank | Cash, Securities and Other
Liabilities assumed
Total gross loans	13,457
Simmons Bank | Construction and Development
Liabilities assumed
Total gross loans	40,407
Simmons Bank | 1-4 Family Residential
Liabilities assumed
Total gross loans	7,252
Simmons Bank | Non-Owner Occupied CRE
Liabilities assumed
Total gross loans	545
Simmons Bank | Owner Occupied CRE
Liabilities assumed
Total gross loans	321
Simmons Bank | Commercial and Industrial
Liabilities assumed
Total gross loans	58,660
Core deposit | Simmons Bank
Assets acquired
Core deposit intangible	$ 53
Liabilities assumed
Estimated life	10 years

INVESTMENT SECURITIES - Amortiz

INVESTMENT SECURITIES - Amortized cost and fair value of securities available-for-sale (Details) - USD ($) $ in Thousands	6 Months Ended	12 Months Ended
	Jun. 30, 2020	Dec. 31, 2019
Debt Securities, Available-for-sale [Line Items]
Amortized Cost	$ 45,881	$ 59,100
Gross Unrealized Gains	1,249	212
Gross Unrealized Losses	(112)	(409)
Fair Value	47,018	58,903
U.S. Treasury debt
Debt Securities, Available-for-sale [Line Items]
Amortized Cost	250	250
Gross Unrealized Gains	7	4
Fair Value	257	254
Association ("GNMA") mortgage-backed securities - residential
Debt Securities, Available-for-sale [Line Items]
Amortized Cost	35,428	45,490
Gross Unrealized Gains	1,041	157
Gross Unrealized Losses		(335)
Fair Value	36,469	45,312
Federal National Mortgage Association ("FNMA") mortgage-backed securities - residential
Debt Securities, Available-for-sale [Line Items]
Amortized Cost	2,646	2,935
Gross Unrealized Gains	90	11
Gross Unrealized Losses		(29)
Fair Value	2,736	2,917
Corporate collateralized mortgage obligations ("CMO") and mortgage-backed securities ("MBS")
Debt Securities, Available-for-sale [Line Items]
Amortized Cost	7,557	10,425
Gross Unrealized Gains	111	40
Gross Unrealized Losses	(112)	(45)
Fair Value	7,556	10,420
Small Business Investment Company
Debt Securities, Available-for-sale [Line Items]
Payments to Acquire Investments	200	$ 400
Contractual Obligation	1,200
Other Assets [Member] | Small Business Investment Company
Debt Securities, Available-for-sale [Line Items]
Balance with SBIC included in other assets	$ 1,800

INVESTMENT SECURITIES - Amort_2

INVESTMENT SECURITIES - Amortized cost and estimated fair value of available-for-sale securities excluding SBIC (Details) $ in Thousands	6 Months Ended	12 Months Ended
	Jun. 30, 2020USD ($)security	Dec. 31, 2019USD ($)security
Debt Securities, Available-for-sale [Line Items]
Amortized Cost	$ 45,881	$ 59,100
Fair Value	47,018	58,903
Debt available for sale securities pledged as collateral	$ 4,900	$ 5,500
Threshold Percentage Of Shareholders Equity Amount Held As Securities By One Issuer	10.00%	10.00%
Unrealized loss	$ 112	$ 409
Available for sale securities, excluding SBIC
Debt Securities, Available-for-sale [Line Items]
Due within one year through five years amortized cost	250
Due within one year through five years fair value	257
Mortgage-related securities, amortized cost	45,631
Mortgage-related securities, fair value	46,761
Amortized Cost	45,881
Fair Value	$ 47,018
Number of securities in unrealized loss position | security	5	26

INVESTMENT SECURITIES - Securit

INVESTMENT SECURITIES - Securities with unrealized losses (Details) - USD ($) $ in Thousands	Jun. 30, 2020	Dec. 31, 2019
Debt Securities, Available-for-sale [Line Items]
Less than 12 months, Fair Value	$ 1,363	$ 35,983
Less than 12 months, Unrealized Losses	(112)	(238)
12 months or Longer, Fair Value		6,797
12 months or Longer, Unrealized Losses		(171)
Total Fair Value	1,363	42,780
Total Unrealized Losses	(112)	(409)
Association ("GNMA") mortgage-backed securities - residential
Debt Securities, Available-for-sale [Line Items]
Less than 12 months, Fair Value		28,203
Less than 12 months, Unrealized Losses		(193)
12 months or Longer, Fair Value		4,450
12 months or Longer, Unrealized Losses		(142)
Total Fair Value		32,653
Total Unrealized Losses		(335)
Federal National Mortgage Association ("FNMA") mortgage-backed securities - residential
Debt Securities, Available-for-sale [Line Items]
12 months or Longer, Fair Value		2,347
12 months or Longer, Unrealized Losses		(29)
Total Fair Value		2,347
Total Unrealized Losses		(29)
Corporate collateralized mortgage obligations ("CMO") and mortgage-backed securities ("MBS")
Debt Securities, Available-for-sale [Line Items]
Less than 12 months, Fair Value	1,363	7,780
Less than 12 months, Unrealized Losses	(112)	(45)
Total Fair Value	1,363	7,780
Total Unrealized Losses	$ (112)	$ (45)

LOANS AND THE ALLOWANCE FOR L_3

LOANS AND THE ALLOWANCE FOR LOAN LOSSES - Summary of loans (Details) - USD ($) $ in Thousands	Jun. 30, 2020	May 15, 2020	Dec. 31, 2019
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total gross loans	$ 1,424,160		$ 996,559
Deferred costs, net	(1,720)		1,448
Allowance for loan losses	(10,354)		(7,875)
Net loans	1,412,086		990,132
Simmons Bank
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total gross loans	123,800	$ 120,642
Cash, Securities and Other
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total gross loans	371,111		146,701
Cash, Securities and Other | Simmons Bank
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total gross loans		13,457
Construction and Development
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total gross loans	74,793		28,120
Construction and Development | Simmons Bank
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total gross loans		40,407
1-4 Family Residential
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total gross loans	418,409		400,134
1-4 Family Residential | Simmons Bank
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total gross loans		7,252
Non-Owner Occupied CRE
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total gross loans	229,150		165,179
Non-Owner Occupied CRE | Simmons Bank
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total gross loans		545
Owner Occupied CRE
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total gross loans	117,426		127,968
Owner Occupied CRE | Simmons Bank
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total gross loans		321
Commercial and Industrial
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total gross loans	213,271		$ 128,457
Commercial and Industrial | Simmons Bank
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total gross loans		$ 58,660
Paycheck Protection Program Loan [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total gross loans	204,600
Paycheck Protection Program Loan [Member] | Cash, Securities and Other
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total gross loans	$ 204,600
Percent of Loans on Total Loan Segment	55.10%

LOANS AND THE ALLOWANCE FOR L_4

LOANS AND THE ALLOWANCE FOR LOAN LOSSES -Loan Modifications (Details) $ in Thousands	6 Months Ended
	Jun. 30, 2020USD ($)loan	Dec. 31, 2019USD ($)
Accounts, Notes, Loans and Financing Receivable [Line Items]
Outstanding Balance of Modified Loans	$ 176,854
Total gross loans	$ 1,424,160	$ 996,559
# of Loans Modified | loan	98
% of Total Loan Balance Modified	12.42%
Percentage of probability	50.00%
Percentage of reduction in collateral position	20.00%
COVID-19 [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Delinquent over period	30 days
Payments Period	2 years
Loans modified for temporary payment	180 days
Cash, Securities and Other
Accounts, Notes, Loans and Financing Receivable [Line Items]
Outstanding Balance of Modified Loans	$ 5,570
Total gross loans	$ 371,111	146,701
# of Loans Modified | loan	7
% of Total Loan Balance Modified	1.50%
Construction and Development
Accounts, Notes, Loans and Financing Receivable [Line Items]
Outstanding Balance of Modified Loans	$ 3,814
Total gross loans	$ 74,793	28,120
# of Loans Modified | loan	1
% of Total Loan Balance Modified	5.10%
1-4 Family Residential
Accounts, Notes, Loans and Financing Receivable [Line Items]
Outstanding Balance of Modified Loans	$ 41,690
Total gross loans	$ 418,409	400,134
# of Loans Modified | loan	31
% of Total Loan Balance Modified	9.96%
Non-Owner Occupied CRE
Accounts, Notes, Loans and Financing Receivable [Line Items]
Outstanding Balance of Modified Loans	$ 65,491
Total gross loans	$ 229,150	165,179
# of Loans Modified | loan	30
% of Total Loan Balance Modified	28.58%
Owner Occupied CRE
Accounts, Notes, Loans and Financing Receivable [Line Items]
Outstanding Balance of Modified Loans	$ 17,524
Total gross loans	$ 117,426	127,968
# of Loans Modified | loan	10
% of Total Loan Balance Modified	14.92%
Commercial and Industrial
Accounts, Notes, Loans and Financing Receivable [Line Items]
Outstanding Balance of Modified Loans	$ 42,765
Total gross loans	$ 213,271	$ 128,457
# of Loans Modified | loan	19
% of Total Loan Balance Modified	20.05%

LOANS AND THE ALLOWANCE FOR L_5

LOANS AND THE ALLOWANCE FOR LOAN LOSSES - Aging analysis of recorded investments by class (Details) $ in Thousands	6 Months Ended	12 Months Ended
	Jun. 30, 2020USD ($)D	Dec. 31, 2019USD ($)D
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total past due	$ 13,432	$ 10,230
Total current	1,410,728	986,329
Total Recorded Investment	$ 1,424,160	$ 996,559
Number of loans, 90 days delinquent and accruing interest | D	90	90
90 days past due and accruing interest	$ 0	$ 0
30-59 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total past due	7,296	6,213
60-89 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total past due	1,137	3,110
90 or More Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total past due	4,999	907
Cash, Securities and Other
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total past due	3,092	525
Total current	368,019	146,176
Total Recorded Investment	371,111	146,701
Cash, Securities and Other | 30-59 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total past due	1,199	525
Cash, Securities and Other | 60-89 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total past due	400
Cash, Securities and Other | 90 or More Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total past due	1,493
Construction and Development
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total past due	2,567
Total current	72,226	28,120
Total Recorded Investment	74,793	28,120
Construction and Development | 30-59 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total past due	2,567
1-4 Family Residential
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total past due	3,888	5,688
Total current	414,521	394,446
Total Recorded Investment	418,409	400,134
1-4 Family Residential | 30-59 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total past due	3,151	5,688
1-4 Family Residential | 60-89 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total past due	737
Non-Owner Occupied CRE
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total current	229,150	165,179
Total Recorded Investment	229,150	165,179
Owner Occupied CRE
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total current	117,426	127,968
Total Recorded Investment	117,426	127,968
Commercial and Industrial
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total past due	3,885	4,017
Total current	209,386	124,440
Total Recorded Investment	213,271	128,457
Commercial and Industrial | 30-59 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total past due	379
Commercial and Industrial | 60-89 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total past due		3,110
Commercial and Industrial | 90 or More Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total past due	$ 3,506	$ 907

LOANS AND THE ALLOWANCE FOR L_6

LOANS AND THE ALLOWANCE FOR LOAN LOSSES - Recorded investment in non-accrual loans by class (Details) - USD ($) $ in Thousands	Jun. 30, 2020	Dec. 31, 2019
Accounts, Notes, Loans and Financing Receivable [Line Items]
Non-accrual loans	$ 5,818	$ 7,215
Recorded investments	5,800	7,200
Cash, Securities and Other
Accounts, Notes, Loans and Financing Receivable [Line Items]
Non-accrual loans	1,493	2,803
Commercial and Industrial
Accounts, Notes, Loans and Financing Receivable [Line Items]
Non-accrual loans	$ 4,325	$ 4,412

LOANS AND THE ALLOWANCE FOR L_7

LOANS AND THE ALLOWANCE FOR LOAN LOSSES - Summary of unpaid principal balance of loans classified as TDRs (Details) $ in Thousands	3 Months Ended	6 Months Ended	12 Months Ended
	Jun. 30, 2020USD ($)loan	Jun. 30, 2020USD ($)loan	Dec. 31, 2019USD ($)loan
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Recorded Investment	$ 11,454	$ 11,454	$ 12,270
Allowance for loan associated with TDR	(1,179)	(1,179)	(833)
Net recorded investment	10,275	10,275	11,437
Additional funds to loans classified as TDRs	800	800	$ 200
Cash collateral received	$ 1,500	$ 1,500
Number of contracts modified | loan	1	1	2
Cash, Securities and Other
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Recorded Investment	$ 1,493	$ 1,493	$ 2,803
Commercial and Industrial
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Recorded Investment	9,961	9,961	9,467
Allowance for loan associated with TDR	(1,179)	(1,179)	(833)
Accrual Loans | Commercial and Industrial
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Recorded Investment	5,636	5,636	5,055
Loans on nonaccrual status | Cash, Securities and Other
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Recorded Investment	1,493	1,493	2,803
Loans on nonaccrual status | Commercial and Industrial
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Recorded Investment	$ 4,325	$ 4,325	$ 4,412

LOANS AND THE ALLOWANCE FOR L_8

LOANS AND THE ALLOWANCE FOR LOAN LOSSES - Recorded investment in impaired loans (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019	Dec. 31, 2019
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Recorded Investment With Allowance	$ 3,434		$ 3,434		$ 4,412
Total Recorded Investment With No Allowance	8,020		8,020		7,858
Total Recorded Investment	11,454		11,454		12,270
Unpaid Contractual Principal Balance with a valuation Allowance	3,434		3,434		4,412
Unpaid Contractual Principal Balance with no related valuation Allowance	8,020		8,020		7,858
Unpaid Contractual Principal Balance	11,454		11,454		12,270
Allowance for Loan Losses	1,179		1,179		833
Average Recorded Investment with Allowance	3,462	$ 1,235	3,476	$ 1,398
Average Recorded Investment with No Allowance	7,491	13,722	7,916	14,615
Average Recorded Investment	10,953	14,957	11,392	16,013
Interest Income Recognized with No Allowance	84	94	165	239
Interest Income Recognized	84	94	165	239
Commercial and Industrial
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Recorded Investment With Allowance	3,434		3,434		4,412
Total Recorded Investment With No Allowance	6,527		6,527		5,055
Total Recorded Investment	9,961		9,961		9,467
Unpaid Contractual Principal Balance with a valuation Allowance	3,434		3,434		4,412
Unpaid Contractual Principal Balance with no related valuation Allowance	6,527		6,527		5,055
Unpaid Contractual Principal Balance	9,961		9,961		9,467
Allowance for Loan Losses	1,179		1,179		833
Average Recorded Investment with Allowance	3,462	1,235	3,476	1,398
Average Recorded Investment with No Allowance	5,998	5,268	5,991	5,131
Average Recorded Investment	9,460	6,503	9,467	6,529
Interest Income Recognized with No Allowance	84	68	165	188
Interest Income Recognized	84	68	165	188
Cash, Securities and Other
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Recorded Investment With No Allowance	1,493		1,493		2,803
Total Recorded Investment	1,493		1,493		2,803
Unpaid Contractual Principal Balance with no related valuation Allowance	1,493		1,493		2,803
Unpaid Contractual Principal Balance	1,493		1,493		$ 2,803
Average Recorded Investment with No Allowance	1,493	8,042	1,925	9,072
Average Recorded Investment	$ 1,493	8,042	$ 1,925	9,072
1-4 Family Residential
Accounts, Notes, Loans and Financing Receivable [Line Items]
Average Recorded Investment with No Allowance		412		412
Average Recorded Investment		412		412
Interest Income Recognized with No Allowance		26		51
Interest Income Recognized		$ 26		$ 51

LOANS AND THE ALLOWANCE FOR L_9

LOANS AND THE ALLOWANCE FOR LOAN LOSSES - Allowance for loan losses by portfolio (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended		12 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019	Dec. 31, 2019
Financing Receivable, Allowance for Credit Losses [Roll Forward]
Beginning balance	$ 8,242	$ 7,645	$ 7,875	$ 7,451	$ 7,451
Provision for (recovery of) credit losses	2,124	(78)	2,491	116
Charge-offs	(24)		(24)
Recoveries	12	8	12	8
Ending balance	10,354	7,575	10,354	7,575	7,875
Individually evaluated	1,179		1,179		833
Collectively evaluated	9,175		9,175		7,042
Loans individually evaluated	11,454		11,454		12,270
Loans collectively evaluated	1,412,706		1,412,706		984,289
Total Recorded Investment	1,424,160		1,424,160		996,559
Provision for loan losses			2,500	100
Cash, Securities and Other
Financing Receivable, Allowance for Credit Losses [Roll Forward]
Beginning balance	1,092	877	1,058	764	764
Provision for (recovery of) credit losses	1,345	164	1,379	277
Charge-offs	(24)		(24)
Recoveries	12	8	12	8
Ending balance	2,425	1,049	2,425	1,049	1,058
Collectively evaluated	2,425		2,425		1,058
Loans individually evaluated	1,493		1,493		2,803
Loans collectively evaluated	369,618		369,618		143,898
Total Recorded Investment	371,111		371,111		146,701
Construction and Development
Financing Receivable, Allowance for Credit Losses [Roll Forward]
Beginning balance	186	266	200	232	232
Provision for (recovery of) credit losses	298	24	284	58
Ending balance	484	290	484	290	200
Collectively evaluated	484		484		200
Loans collectively evaluated	74,793		74,793		28,120
Total Recorded Investment	74,793		74,793		28,120
1-4 Family Residential
Financing Receivable, Allowance for Credit Losses [Roll Forward]
Beginning balance	3,008	2,588	2,850	2,552	2,552
Provision for (recovery of) credit losses	(300)	62	(142)	98
Ending balance	2,708	2,650	2,708	2,650	2,850
Collectively evaluated	2,708		2,708		2,850
Loans collectively evaluated	418,409		418,409		400,134
Total Recorded Investment	418,409		418,409		400,134
Non-Owner Occupied CRE
Financing Receivable, Allowance for Credit Losses [Roll Forward]
Beginning balance	1,403	1,235	1,176	1,264	1,264
Provision for (recovery of) credit losses	80	(149)	307	(178)
Ending balance	1,483	1,086	1,483	1,086	1,176
Collectively evaluated	1,483		1,483		1,176
Loans collectively evaluated	229,150		229,150		165,179
Total Recorded Investment	229,150		229,150		165,179
Owner Occupied CRE
Financing Receivable, Allowance for Credit Losses [Roll Forward]
Beginning balance	884	780	911	789	789
Provision for (recovery of) credit losses	(124)	20	(151)	11
Ending balance	760	800	760	800	911
Collectively evaluated	760		760		911
Loans collectively evaluated	117,426		117,426		127,968
Total Recorded Investment	117,426		117,426		127,968
Commercial and Industrial
Financing Receivable, Allowance for Credit Losses [Roll Forward]
Beginning balance	1,669	1,899	1,680	1,850	1,850
Provision for (recovery of) credit losses	825	(199)	814	(150)
Ending balance	2,494	$ 1,700	2,494	$ 1,700	1,680
Individually evaluated	1,179		1,179		833
Collectively evaluated	1,315		1,315		847
Loans individually evaluated	9,961		9,961		9,467
Loans collectively evaluated	203,310		203,310		118,990
Total Recorded Investment	$ 213,271		$ 213,271		$ 128,457

LOANS AND THE ALLOWANCE FOR _10

LOANS AND THE ALLOWANCE FOR LOAN LOSSES - Recorded investment in company's loans (Details) - USD ($) $ in Thousands	Jun. 30, 2020	Dec. 31, 2019
Financing Receivable, Recorded Investment [Line Items]
Total gross loans	$ 1,424,160	$ 996,559
Pass
Financing Receivable, Recorded Investment [Line Items]
Total gross loans	1,399,317	973,472
Special Mention
Financing Receivable, Recorded Investment [Line Items]
Total gross loans	5,740	1,158
Substandard
Financing Receivable, Recorded Investment [Line Items]
Total gross loans	19,103	21,929
Doubtful
Financing Receivable, Recorded Investment [Line Items]
Total gross loans	0	0
Cash, Securities and Other
Financing Receivable, Recorded Investment [Line Items]
Total gross loans	371,111	146,701
Cash, Securities and Other | Pass
Financing Receivable, Recorded Investment [Line Items]
Total gross loans	369,618	143,898
Cash, Securities and Other | Substandard
Financing Receivable, Recorded Investment [Line Items]
Total gross loans	1,493	2,803
Construction and Development
Financing Receivable, Recorded Investment [Line Items]
Total gross loans	74,793	28,120
Construction and Development | Pass
Financing Receivable, Recorded Investment [Line Items]
Total gross loans	74,793	28,120
1-4 Family Residential
Financing Receivable, Recorded Investment [Line Items]
Total gross loans	418,409	400,134
1-4 Family Residential | Pass
Financing Receivable, Recorded Investment [Line Items]
Total gross loans	413,514	395,224
1-4 Family Residential | Substandard
Financing Receivable, Recorded Investment [Line Items]
Total gross loans	4,895	4,910
Non-Owner Occupied CRE
Financing Receivable, Recorded Investment [Line Items]
Total gross loans	229,150	165,179
Non-Owner Occupied CRE | Pass
Financing Receivable, Recorded Investment [Line Items]
Total gross loans	223,903	164,021
Non-Owner Occupied CRE | Special Mention
Financing Receivable, Recorded Investment [Line Items]
Total gross loans	5,247	1,158
Owner Occupied CRE
Financing Receivable, Recorded Investment [Line Items]
Total gross loans	117,426	127,968
Owner Occupied CRE | Pass
Financing Receivable, Recorded Investment [Line Items]
Total gross loans	116,933	127,968
Owner Occupied CRE | Special Mention
Financing Receivable, Recorded Investment [Line Items]
Total gross loans	493
Commercial and Industrial
Financing Receivable, Recorded Investment [Line Items]
Total gross loans	213,271	128,457
Commercial and Industrial | Pass
Financing Receivable, Recorded Investment [Line Items]
Total gross loans	200,556	114,241
Commercial and Industrial | Substandard
Financing Receivable, Recorded Investment [Line Items]
Total gross loans	$ 12,715	$ 14,216

GOODWILL (Details)

GOODWILL (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended		12 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019	Dec. 31, 2019
Goodwill [Roll Forward]
Beginning balance			$ 19,686	$ 24,811	$ 24,811
Impairment		$ (1,572)		(1,572)	(1,572)
Reclass to held or sale					(3,553)
Acquisition activity			4,505
Ending balance	$ 24,191	23,239	24,191	23,239	19,686
Change in goodwill	4,500
Wealth Management
Goodwill [Roll Forward]
Beginning balance			15,994	15,994	15,994
Acquisition activity			4,505
Ending balance	20,499	15,994	20,499	15,994	15,994
Capital Management
Goodwill [Roll Forward]
Beginning balance			3,692	8,817	8,817
Impairment					(1,572)
Reclass to held or sale					(3,553)
Ending balance	$ 3,692	$ 7,245	$ 3,692	$ 7,245	$ 3,692

LEASES - Leases Balance Sheets

LEASES - Leases Balance Sheets Location (Details) - USD ($) $ in Thousands	Jun. 30, 2020	Dec. 31, 2019	Jan. 01, 2019
Operating lease right-of-use asset	$ 9,427	$ 10,308
Operating lease liability	$ 12,290	$ 13,480
Weighted-Average Remaining Lease Term - Operating leases	4 years 6 months 29 days	4 years 10 months 28 days
Weighted-Average Discount Rate - Operating leases	3.65%	3.71%
ASU 2016-02
Operating lease right-of-use asset			$ 12,900
Operating lease liability			$ 16,600

LEASES - Leases Costs (Details)

LEASES - Leases Costs (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
LEASES
Operating lease cost	$ 814	$ 789	$ 1,615	$ 1,572
Variable lease cost	498	385	959	773
Sublease income	(100)	(100)	(199)	(199)
Lease costs, net	$ 1,212	$ 1,074	$ 2,375	$ 2,146

LEASES - Lease Maturity (Detail

LEASES - Lease Maturity (Details) - USD ($) $ in Thousands	Jun. 30, 2020	Dec. 31, 2019
LEASES
June 30, 2021	$ 3,200
June 30, 2022	2,785
June 30, 2023	2,644
June 30, 2024	2,329
June 30, 2025	2,164
Thereafter	230
Total future minimum lease payments	13,352
Less: Imputed interest	(1,062)
Present value of net future minimum lease payments	$ 12,290	$ 13,480

DEPOSITS (Details)

DEPOSITS (Details) - USD ($) $ in Thousands	Jun. 30, 2020	Dec. 31, 2019
Time Deposits [Line Items]
Money market deposit accounts	$ 759,997	$ 615,575
Time deposits	152,897	134,913
Negotiable order of withdrawal accounts	88,560	91,921
Savings accounts	7,415	4,307
Total interest bearing deposits	1,008,869	846,716
Aggregate time deposits of $250,000 or greater	60,721	61,596
Overdrafts balances classified As loans	2,600	$ 2,600
Simmons Bank
Time Deposits [Line Items]
Total interest bearing deposits	$ 65,200

BORROWINGS (Details)

BORROWINGS (Details)	Jun. 30, 2019	Jun. 30, 2020USD ($)	Jun. 30, 2019	Dec. 31, 2019USD ($)	Mar. 17, 2020USD ($)
BORROWINGS
Borrowings from FHLB		$ 18,000,000		$ 10,000,000
Number of unsecured federal funds lines of credit		3		3
Total gross loans		$ 1,424,160,000		$ 996,559,000
Federal Funds Lines of Credit One
BORROWINGS
Maximum borrowing capacity		10,000,000		10,000,000
Amount outstanding		0		0
Federal Funds Lines of Credit Two
BORROWINGS
Maximum borrowing capacity		19,000,000		19,000,000
Amount outstanding		0		0
Federal Funds Line of Credit Three
BORROWINGS
Maximum borrowing capacity		25,000,000		25,000,000
Amount outstanding		0		0
Subordinated Notes 2016 [Member]
BORROWINGS
Face amount		$ 6,600,000		6,600,000
interest rate (as a percent)		7.25%	7.25%
Subordinated Notes 2016 [Member] | 90 Day London Interbank Offered Rate [Member]
BORROWINGS
Basis spread (as a percent)		587.00%
Subordinated Notes 2020
BORROWINGS
Face amount					$ 8,000,000
interest rate (as a percent)		5.125%
Issuance costs		$ 100,000
Net balance		$ 7,900,000
Subordinated Notes 2020 | 90 Day London Interbank Offered Rate [Member]
BORROWINGS
Basis spread (as a percent)		450.00%
Promissory and Credit Note [Member]
BORROWINGS
Maximum borrowing capacity				5,000,000
Amount outstanding		$ 0		0
Credit Note [Member] | London 30 Day Interbank Offered Rate [Member]
BORROWINGS
Basis spread (as a percent)	3.50%
Paycheck Protection Program Loan [Member]
BORROWINGS
Total gross loans		204,300,000
FHLB Topeka
BORROWINGS
Amount of collateral pledged		605,800,000		515,500,000
Available balance		$ 402,500,000
August 26, 2020
BORROWINGS
Interest rate		1.94%
Borrowings from FHLB				$ 10,000,000
October 23, 2020
BORROWINGS
Borrowings from FHLB		$ 3,000,000
April 22, 2022
BORROWINGS
Interest rate		0.37%
Borrowings from FHLB		$ 5,000,000
May 5, 2023
BORROWINGS
Interest rate		0.76%
Borrowings from FHLB		$ 10,000,000

COMMITMENTS AND CONTINGENCIES_2

COMMITMENTS AND CONTINGENCIES (Details) - USD ($) $ in Thousands	Jul. 16, 2020	Jun. 30, 2020	Dec. 31, 2019
First Western Capital Management Company [Member]
COMMITMENTS AND CONTINGENCIES
Legally accrued	$ 200
Unused lines of credit-Fixed
COMMITMENTS AND CONTINGENCIES
Other commitment		$ 61,994	$ 32,896
Standby letters of credit-Fixed
COMMITMENTS AND CONTINGENCIES
Other commitment		1,754	1,759
Commitments to make loans to sell-Fixed
COMMITMENTS AND CONTINGENCIES
Other commitment		250,973	47,354
Commitments to make loans-Fixed
COMMITMENTS AND CONTINGENCIES
Other commitment		19,914
Unused lines of credit-Variable
COMMITMENTS AND CONTINGENCIES
Other commitment		334,674	290,653
Standby letters of credit-Variable
COMMITMENTS AND CONTINGENCIES
Other commitment		17,387	$ 24,197
Commitments to make loans-Variable
COMMITMENTS AND CONTINGENCIES
Other commitment		$ 18,030

SHAREHOLDERS EQUITY - Common St

SHAREHOLDERS EQUITY - Common Stock (Details) - $ / shares	3 Months Ended	6 Months Ended	12 Months Ended
	Jun. 30, 2020	Jun. 30, 2020	Dec. 31, 2019	Jun. 14, 2019
Class of Stock [Line Items]
Common stock par value	$ 0	$ 0	$ 0
Common Stock
Class of Stock [Line Items]
Common stock par value	$ 0	$ 0
Authorized share repurchase				300,000
Number of votes per each share		one
Number of shares repurchased	0	22,679	43,698
Shares repurchased average price per share		$ 16.50	$ 16.51

SHAREHOLDERS EQUITY - Stock bas

SHAREHOLDERS EQUITY - Stock based compensation - Restricted Stock Awards (Details) - USD ($) $ / shares in Units, $ in Millions	3 Months Ended		6 Months Ended		12 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019	Dec. 31, 2019	Dec. 31, 2017
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Unrecognized compensation expense	$ 0.6		$ 0.6
Restricted Stock Awards
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of shares issued						105,264
Value of shares issued						$ 3
Weighted-average grant date fair value (in dollars per share)	$ 28.50		$ 28.50
Recognized compensation expense	$ 0.1	$ 0.1	$ 0.3	$ 0.2
Unrecognized compensation expense	$ 1.1		$ 1.1
Unrecognized compensation expense recognition period (in years)			8 months 12 days
Employee service period
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of shares issued						52,632
Value of shares issued						$ 1.5
Vesting period (in years)						5 years
Performance of mortgage division
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of shares issued						52,632
Value of shares issued						$ 1.5
Recognized compensation expense			$ 0.1		$ 0.6
Shares non-vested	14,114		14,114		38,518
Number of stock awards vested			30,088
Financial Performance Units Grante From May 1, 2019 Through April 30, 2020
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of shares	100,000		100,000
Unrecognized compensation expense recognition period (in years)			3 years 7 months 6 days

SHAREHOLDERS EQUITY - Stock b_2

SHAREHOLDERS EQUITY - Stock based compensation - Stock Options (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Stock options
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock-based compensation expense	$ 0.1	$ 0.1	$ 0.1	$ 0.2
Unrecognized stock-based compensation expense	$ 0.1		$ 0.1
Stock options | Maximum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Unrecognized compensation expense recognition period (in years)			1 year
Plan 2016
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of shares available for issuance	523,976		523,976
2008 Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Amount of consideration paid to the company upon plan modification			$ 0

SHAREHOLDERS EQUITY - Stock b_3

SHAREHOLDERS EQUITY - Stock based compensation - Stock Options Activity (Details) - Stock options - $ / shares	6 Months Ended		12 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Dec. 31, 2019
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding [Roll Forward]
Outstanding at beginning of year (in shares)	419,197
Granted (in shares)	0	0
Outstanding at end of period (in shares)	419,197		419,197
Options fully vested / exercisable at end of period (in shares)	396,916		394,020
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Weighted Average Exercise Price [Abstract]
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Weighted Average Exercise Price, Beginning Balance	$ 29.02
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Weighted Average Exercise Price, Ending Balance	29.02		$ 29.02
Options fully vested / exercisable at December 31, 2019	$ 29.20
Weighted Average Remaining Contractual Term
Outstanding at end of year	3 years 1 month 6 days
Options fully vested / exercisable at December 31, 2019	3 years
Aggregate Intrinsic Value
Exercise price low range	$ 20
Exercise price high range			$ 40
Expiry period	10 years

SHAREHOLDERS EQUITY - Stock b_4

SHAREHOLDERS EQUITY - Stock based compensation - Share Awards (Details) - USD ($) $ in Millions	3 Months Ended	6 Months Ended		12 Months Ended
	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019	Dec. 31, 2019
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number of Shares [Roll Forward]
Granted (in shares)				62,569
Stock issued (in shares)	15,446		15,446
Stock surrendered (in shares)		19,852	7,835
Stock surrendered to cover employee withholding taxes			$ 0.1
Time Vesting Units
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number of Shares [Roll Forward]
Outstanding at beginning of year		209,444
Granted (in shares)		90,727
Vested (in shares)		(54,112)
Forfeited (in shares)		(1,888)
Outstanding at end of year		244,171		209,444
Stock issued (in shares)		34,260
Stock surrendered to cover employee withholding taxes		$ 0.3
Financial Performance Units
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number of Shares [Roll Forward]
Outstanding at beginning of year		69,426
Granted (in shares)		60,160
Forfeited (in shares)		(854)
Outstanding at end of year		128,732		69,426
Market Performance Units
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number of Shares [Roll Forward]
Outstanding at beginning of year		14,862
Outstanding at end of year		14,862		14,862

SHAREHOLDERS EQUITY - Stock b_5

SHAREHOLDERS EQUITY - Stock based compensation - Time Vesting Units (Details) - USD ($) $ / shares in Units, $ in Millions	3 Months Ended		6 Months Ended		12 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019	Dec. 31, 2019
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Granted (in shares)					62,569
Unrecognized compensation expense	$ 0.6		$ 0.6
Time Vesting Units
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Service period (in years)			5 years
Weighted average grant date fair value			$ 12.53
Granted (in shares)			90,727
Stock-based compensation expense	0.3	$ 0.2	$ 0.6	$ 0.4
Unrecognized compensation expense	$ 3.9		$ 3.9
Unrecognized compensation expense recognition period (in years)			2 years 2 months 12 days
Time Vesting Units | Anniversary of grant date
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting Percentage			20.00%
Granted (in shares)			90,727

SHAREHOLDERS EQUITY - Stock b_6

SHAREHOLDERS EQUITY - Stock based compensation - Financial Performance Units (Details) - USD ($) $ in Millions	May 01, 2020	May 01, 2019	Jun. 30, 2020	Dec. 31, 2019
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Granted (in shares)				62,569
Unrecognized compensation expense			$ 0.6
Financial Performance Units
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Service period (in years)		5 years
Granted (in shares)			60,160
Financial Performance Units Granted Prior to 2019
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Service period (in years)			2 years
Percent of awards accruing at maximum threshold			50.00%
Remainder threshold awards			100.00%
Maximum number of shares can be issued			10,000
Unrecognized compensation expense			$ 0.1
Unrecognized compensation expense recognition period (in years)			1 year 6 months
Financial Performance Units Granted Prior to 2019 | Maximum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Financial performance threshold percentage			150.00%
Financial Performance Units Granted Prior to 2019 | Minimum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Financial performance threshold percentage			0.00%
Financial Performance Units Granted in 2019
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Service period (in years)		2 years
Granted (in shares)			1,866
Maximum percentage of shares can be issued			150.00%
Financial Performance Units Granted in 2019 | Maximum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Financial performance threshold percentage		150.00%
Financial Performance Units Granted in 2019 | Minimum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Financial performance threshold percentage		0.00%
Financial Performance Units Grante From May 1, 2019 Through April 30, 2020
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Maximum number of shares can be issued			86,200
Unrecognized compensation expense recognition period (in years)			3 years 7 months 6 days
Financial Performance Units Granted from May 1, 2020 through June 30, 2020
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Service period (in years)	5 years
Granted (in shares)			58,294
Maximum percentage of shares can be issued			150.00%
Maximum number of shares can be issued			86,900
Unrecognized compensation expense			$ 0.7
Unrecognized compensation expense recognition period (in years)			4 years 6 months
Financial Performance Units Granted from May 1, 2020 through June 30, 2020 | Maximum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Financial performance threshold percentage	150.00%
Financial Performance Units Granted from May 1, 2020 through June 30, 2020 | Minimum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Financial performance threshold percentage	0.00%
Financial Performance Units Granted In 2020 [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Service period (in years)	2 years

SHAREHOLDERS EQUITY - Stock b_7

SHAREHOLDERS EQUITY - Stock based compensation - Market Performance Units (Details) $ in Millions	6 Months Ended
	Jun. 30, 2020USD ($)
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Unrecognized compensation expense	$ 0.6
Market Performance Units
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Unrecognized compensation expense	$ 0.4
Unrecognized compensation expense recognition period (in years)	2 years

EARNINGS PER COMMON SHARE (Deta

EARNINGS PER COMMON SHARE (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Numerator:
Net income	$ 8,696	$ 1,404	$ 10,030	$ 3,031
Dividends on preferred stock
Net income available for common shareholders	$ 8,696	$ 1,404	$ 10,030	$ 3,031
Denominator:
Basic weighted average shares	7,890,337	7,881,999	7,876,951	7,877,864
Earnings per common share - basic	$ 1.10	$ 0.18	$ 1.27	$ 0.39
Numerator:
Net income	$ 8,696	$ 1,404	$ 10,030	$ 3,031
Dividends on preferred stock
Net income available for common shareholders	$ 8,696	$ 1,404	$ 10,030	$ 3,031
Denominator:
Basic weighted average shares	7,890,337	7,881,999	7,876,951	7,877,864
Diluted effect of common stock equivalents:
Total diluted effect of common stock equivalents	38,181	15,093	52,615	15,510
Diluted weighted average shares	7,928,518	7,897,092	7,929,566	7,893,374
Earnings per common share - diluted	$ 1.10	$ 0.18	$ 1.26	$ 0.39
Stock options
Diluted effect of common stock equivalents:
Diluted effect of common stock equivalents
Time Vesting Units
Diluted effect of common stock equivalents:
Diluted effect of common stock equivalents	18,401	2,044	23,517	2,062
Financial Performance Units
Diluted effect of common stock equivalents:
Diluted effect of common stock equivalents	6,558		15,804
Market Performance Units
Diluted effect of common stock equivalents:
Diluted effect of common stock equivalents	13,222	13,049	13,294	13,448
Restricted Stock Awards
Diluted effect of common stock equivalents:
Diluted effect of common stock equivalents

EARNINGS PER COMMON SHARE - Ant

EARNINGS PER COMMON SHARE - Anti-dilutive Securities (Details) - shares	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
EARNINGS PER COMMON SHARE
Total potentially dilutive securities	649,672	806,309	608,731	762,982
Stock options
EARNINGS PER COMMON SHARE
Total potentially dilutive securities	419,197	442,097	419,197	445,947
Time Vesting Units
EARNINGS PER COMMON SHARE
Total potentially dilutive securities	92,388	198,611	89,656	179,301
Financial Performance Units
EARNINGS PER COMMON SHARE
Total potentially dilutive securities	96,257	70,865	48,129	42,998
Restricted Stock Awards
EARNINGS PER COMMON SHARE
Total potentially dilutive securities	41,830	94,736	51,749	94,736

INCOME TAXES (Details)

INCOME TAXES (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
INCOME TAXES
Income tax provision	$ 2,759	$ 561	$ 3,109	$ 1,085
Effective income tax rate	24.10%		23.70%

RELATED-PARTY TRANSACTIONS (Det

RELATED-PARTY TRANSACTIONS (Details) - USD ($) $ in Thousands	6 Months Ended		12 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Dec. 31, 2019
Summary of related party loan activity
Balance, beginning of year	$ 5,675	$ 2,659	$ 2,659
Funded loans	3,262		11,618
Payments collected	(6,075)		(8,602)
Balance, end of year	2,862		5,675
Deposits from related parties	23,600		$ 28,500
Board Member
Summary of related party loan activity
Rent expense	$ 100	$ 100

FAIR VALUE - Summary of assets

FAIR VALUE - Summary of assets measured at fair value on recurring basis (Details) - USD ($) $ in Thousands	Jun. 30, 2020	Dec. 31, 2019
Summary of assets measured on a recurring and nonrecurring basis
Available-for-sale securities, at fair value	$ 47,018	$ 58,903
U.S. Treasury debt
Summary of assets measured on a recurring and nonrecurring basis
Available-for-sale securities, at fair value	257	254
Recurring
Summary of assets measured on a recurring and nonrecurring basis
Available-for-sale securities, at fair value	47,018	58,903
Equity securities	732	713
Guarantee asset	222
Guarantee liability	191
Recurring | U.S. Treasury debt
Summary of assets measured on a recurring and nonrecurring basis
Available-for-sale securities, at fair value	257	254
Recurring | Corporate collateralized mortgage obligations and mortgage-backed securities
Summary of assets measured on a recurring and nonrecurring basis
Available-for-sale securities, at fair value	7,556	10,420
Recurring | Interest rate lock and forward delivery commitments
Summary of assets measured on a recurring and nonrecurring basis
Derivative asset, Fair value	7,482	1,184
Recurring | GNMA
Summary of assets measured on a recurring and nonrecurring basis
Available-for-sale securities, at fair value	36,469	45,312
Recurring | FNMA
Summary of assets measured on a recurring and nonrecurring basis
Available-for-sale securities, at fair value	2,736	2,917
Level 1 | Recurring
Summary of assets measured on a recurring and nonrecurring basis
Available-for-sale securities, at fair value	257	254
Equity securities	732	713
Level 1 | Recurring | U.S. Treasury debt
Summary of assets measured on a recurring and nonrecurring basis
Available-for-sale securities, at fair value	257	254
Level 2 | Recurring
Summary of assets measured on a recurring and nonrecurring basis
Available-for-sale securities, at fair value	46,761	58,649
Level 2 | Recurring | Corporate collateralized mortgage obligations and mortgage-backed securities
Summary of assets measured on a recurring and nonrecurring basis
Available-for-sale securities, at fair value	7,556	10,420
Level 2 | Recurring | GNMA
Summary of assets measured on a recurring and nonrecurring basis
Available-for-sale securities, at fair value	36,469	45,312
Level 2 | Recurring | FNMA
Summary of assets measured on a recurring and nonrecurring basis
Available-for-sale securities, at fair value	2,736	2,917
Level 3 | Recurring
Summary of assets measured on a recurring and nonrecurring basis
Guarantee asset	222
Guarantee liability	191
Level 3 | Recurring | Interest rate lock and forward delivery commitments
Summary of assets measured on a recurring and nonrecurring basis
Derivative asset, Fair value	$ 7,482	$ 1,184

FAIR VALUE - Summary of asset_2

FAIR VALUE - Summary of assets measured at fair value on recurring basis (Details) - Level 3 - Recurring - USD ($) $ in Thousands	3 Months Ended	6 Months Ended
	Jun. 30, 2020	Jun. 30, 2020
Guarantee asset
Gurantee asset, Sales	$ 244	$ 244
Gurantee asset, Gains (losses) in net (loss) income, net	16	16
Gurantee asset, Other settlements, net	(38)	(38)
Gurantee asset, Ending balance	222	222
IRLC and FSC, net
IRLC and FSC, net, Beginning balance	4,009	1,184
IRLC and FSC, net, Gains (losses) in net (loss) income, net	719	647
IRLC and FSC, net Other settlements, net	2,754	5,651
IRLC and FSC, net, Ending balance	7,482	7,482
Guarantee liability
Guarantee liability, Sales	244	244
Guarantee liability, Gains (losses) in net (loss) income, net	(53)	(53)
Guarantee liability, Ending balance	$ 191	$ 191

FAIR VALUE - Summary of asset_3

FAIR VALUE - Summary of assets measured at level 3 fair value on recurring basis (Details) - USD ($) $ in Thousands	6 Months Ended		12 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Dec. 31, 2019
Summary of assets measured on a recurring and nonrecurring basis
Available-for-sale securities, at fair value	$ 47,018		$ 58,903
Other real estate owned valuation allowance			1,700
Impaired Financing Receivable, with Related Allowance, Recorded Investment	3,434		4,412
Loans and Leases Receivable, Allowance	10,354		7,875
Bank charged off			200
Other real estate owned, gross			2,400
Provision for loan losses	2,500	$ 100
Other real estate owned	658		658
Net recorded investment	10,275		11,437
U.S. Treasury debt
Summary of assets measured on a recurring and nonrecurring basis
Available-for-sale securities, at fair value	257		254
Recurring
Summary of assets measured on a recurring and nonrecurring basis
Available-for-sale securities, at fair value	47,018		58,903
Equity securities	732		713
Guarantee asset	222
Recurring | U.S. Treasury debt
Summary of assets measured on a recurring and nonrecurring basis
Available-for-sale securities, at fair value	257		254
Recurring | Corporate collateralized mortgage obligations and mortgage-backed securities
Summary of assets measured on a recurring and nonrecurring basis
Available-for-sale securities, at fair value	7,556		10,420
Recurring | Interest rate lock and forward delivery commitments
Summary of assets measured on a recurring and nonrecurring basis
Derivative asset, Fair value	7,482		1,184
Recurring | GNMA
Summary of assets measured on a recurring and nonrecurring basis
Available-for-sale securities, at fair value	36,469		45,312
Recurring | FNMA
Summary of assets measured on a recurring and nonrecurring basis
Available-for-sale securities, at fair value	2,736		2,917
Level 1 | Recurring
Summary of assets measured on a recurring and nonrecurring basis
Available-for-sale securities, at fair value	257		254
Equity securities	732		713
Level 1 | Recurring | U.S. Treasury debt
Summary of assets measured on a recurring and nonrecurring basis
Available-for-sale securities, at fair value	257		254
Level 2 | Recurring
Summary of assets measured on a recurring and nonrecurring basis
Available-for-sale securities, at fair value	46,761		58,649
Level 2 | Recurring | Corporate collateralized mortgage obligations and mortgage-backed securities
Summary of assets measured on a recurring and nonrecurring basis
Available-for-sale securities, at fair value	7,556		10,420
Level 2 | Recurring | GNMA
Summary of assets measured on a recurring and nonrecurring basis
Available-for-sale securities, at fair value	36,469		45,312
Level 2 | Recurring | FNMA
Summary of assets measured on a recurring and nonrecurring basis
Available-for-sale securities, at fair value	2,736		2,917
Level 3
Summary of assets measured on a recurring and nonrecurring basis
Impaired Financing Receivable, with Related Allowance, Recorded Investment	3,400		4,400
Loans and Leases Receivable, Allowance	1,200		800
Provision for loan losses	1,200		800
Level 3 | Recurring
Summary of assets measured on a recurring and nonrecurring basis
Guarantee asset	222
Level 3 | Recurring | Interest rate lock and forward delivery commitments
Summary of assets measured on a recurring and nonrecurring basis
Derivative asset, Fair value	7,482		1,184
Commercial properties | Nonrecurring
Summary of assets measured on a recurring and nonrecurring basis
Other real estate owned	658		658
Commercial properties | Level 3 | Nonrecurring
Summary of assets measured on a recurring and nonrecurring basis
Other real estate owned	658		658
Commercial and Industrial | Nonrecurring
Summary of assets measured on a recurring and nonrecurring basis
Net recorded investment	2,255		3,579
Commercial and Industrial | Level 3 | Nonrecurring
Summary of assets measured on a recurring and nonrecurring basis
Net recorded investment	$ 2,255		$ 3,579

FAIR VALUE - Summary of asset_4

FAIR VALUE - Summary of assets and liabilities measured at fair value on a recurring or nonrecurring, the significant unobservable inputs (Details) - USD ($) $ in Thousands	Jun. 30, 2020	Dec. 31, 2019
Commercial properties
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets, Fair Value Estimate	$ 658	$ 658
Commercial and Industrial
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets, Fair Value Estimate	$ 2,255	$ 3,579
Discount | Commercial properties
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Range and weighted average of discount	50.00%	50.00%
Maximum | Commission and Cost to Sell | Commercial properties
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Range and weighted average of commission and cost to sell	10.00%	10.00%
Maximum | Discount Rate | Commercial and Industrial
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Range and weighted average of discount rate	10.00%	50.00%
Minimum | Commission and Cost to Sell | Commercial properties
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Range and weighted average of commission and cost to sell	1.00%	1.00%
Minimum | Discount Rate | Commercial and Industrial
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Range and weighted average of discount rate	7.00%	0.00%
Weighted Average | Discount | Commercial properties
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Range and weighted average of discount	50.00%	50.00%
Weighted Average | Commission and Cost to Sell | Commercial properties
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Range and weighted average of commission and cost to sell	7.00%	7.00%
Weighted Average | Discount Rate | Commercial and Industrial
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Range and weighted average of discount rate	10.00%	23.00%

FAIR VALUE - Summary of carryin

FAIR VALUE - Summary of carrying amounts and estimated fair values for financial instruments (Details) - USD ($) $ in Thousands	Jun. 30, 2020	Dec. 31, 2019	Jun. 30, 2019	Dec. 31, 2018
Assets
Cash and cash equivalents	$ 191,676	$ 78,638	$ 92,769	$ 73,357
Fair Value	47,018	58,903
Loans, net	1,412,086	990,132
Mortgage loans held for sale	69,604	48,312
Accrued interest receivable	5,108	3,048
Other assets	23,141	16,544
Liabilities
Deposits	1,406,932	1,086,784
FHLB Topeka Borrowings - fixed rate	222,313	10,000
Subordinated notes	14,444	6,560
Accrued interest payable	205	299
Carrying Amount
Assets
Cash and cash equivalents	191,676	78,638
Fair Value	47,018	58,903
Loans, net	1,412,086	990,132
Mortgage loans held for sale	69,604	48,312
Accrued interest receivable	5,108	3,048
Equity securities	732
Guarantee asset	222
Other assets		713
Liabilities
Deposits	1,406,932	1,086,784
FHLB Topeka Borrowings - fixed rate	18,000	10,000
Federal Reserve Borrowings - fixed rate	204,313
Accrued interest payable	205	299
Guarantee liability	191
Subordinated notes - fixed-to-floating rate | Carrying Amount
Liabilities
Subordinated notes	14,444	6,560
Level 1 | Estimated Fair Value
Assets
Cash and cash equivalents	191,676	78,638
Fair Value	257	254
Equity securities	732
Other assets		713
Level 2 | Estimated Fair Value
Assets
Fair Value	46,761	58,649
Mortgage loans held for sale	69,604	48,312
Accrued interest receivable	5,108	3,048
Liabilities
Deposits	1,408,813	1,089,261
FHLB Topeka Borrowings - fixed rate	18,011	10,003
Federal Reserve Borrowings - fixed rate	204,313
Accrued interest payable	205	299
Level 3 | Estimated Fair Value
Assets
Loans, net	1,412,463	974,142
Guarantee asset	222
Liabilities
Guarantee liability	191
Level 3 | Subordinated notes - fixed-to-floating rate | Estimated Fair Value
Liabilities
Subordinated notes	$ 14,799	$ 6,004

ASSETS AND OTHER LIABILITIES _3

ASSETS AND OTHER LIABILITIES CLASSIFIED AS HELD FOR SALE (Details) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Dec. 31, 2019
ASSETS
Goodwill	$ 3,000		$ 3,553
Premises and equipment	10
Assets in disposal groups held for sale	3,010		3,553
LIABILITIES
Other liabilities	135		117
Liabilities in disposal groups held for sale	135		117
Loss on intangibles held for sale	(553)	$ 1,600
Disposal Group, Held-for-sale, Not Discontinued Operations
LIABILITIES
Loss on intangibles held for sale	600
Wealth Management
ASSETS
Premises and equipment	10
Assets in disposal groups held for sale	10
Capital Management
ASSETS
Goodwill	3,000
Assets in disposal groups held for sale	3,000
LIABILITIES
Other liabilities	135
Liabilities in disposal groups held for sale	$ 135
Capital Management | Disposal Group, Held-for-sale, Not Discontinued Operations
ASSETS
Goodwill			3,553
Assets in disposal groups held for sale			3,553
LIABILITIES
Other liabilities			117
Liabilities in disposal groups held for sale			$ 117

SEGMENT REPORTING (Details)

SEGMENT REPORTING (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended		12 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019	Dec. 31, 2019	Dec. 31, 2018
Income Statement
Total interest income	$ 12,470	$ 11,174	$ 23,982	$ 22,224
Total interest expense	1,674	3,214	4,255	6,293
Provision for loan losses	2,124	(78)	2,491	116
Net-interest income	8,672	8,038	17,236	15,815
Non-interest income	15,427	8,586	23,194	15,562
Total income	24,099	16,624	40,430	31,377
Depreciation and amortization expense	276	469	552	996
All other non-interest expense	12,368	14,190	26,739	26,265
Income before income taxes	11,455	1,965	13,139	4,116
Segment reporting
Goodwill	24,191	23,239	24,191	23,239	$ 19,686	$ 24,811
Assets held for sale	3,010		3,010		3,553
Total assets	1,810,526	1,190,465	1,810,526	1,190,465	1,251,682
Goodwill impairment		1,572		1,572	1,572
Loss on intangibles held for sale			(553)	1,600
Wealth Management
Income Statement
Total interest income	12,470	11,174	23,982	22,224
Total interest expense	1,674	3,214	4,255	6,293
Provision for loan losses	2,124	(78)	2,491	116
Net-interest income	8,672	8,038	17,236	15,815
Non-interest income	4,442	4,512	8,900	9,244
Total income	13,114	12,550	26,136	25,059
Depreciation and amortization expense	233	301	466	632
All other non-interest expense	9,785	10,432	20,955	20,499
Income before income taxes	3,096	1,817	4,715	3,928
Segment reporting
Goodwill	20,499	15,994	20,499	15,994	15,994	15,994
Assets held for sale	10		10
Total assets	1,722,465	1,145,910	1,722,465	1,145,910
Capital Management
Income Statement
Non-interest income	788	798	1,593	1,563
Total income	788	798	1,593	1,563
Depreciation and amortization expense	22	95	44	226
All other non-interest expense	714	2,313	2,145	3,008
Income before income taxes	52	(1,610)	(596)	(1,671)
Segment reporting
Goodwill	3,692	7,245	3,692	7,245	3,692	$ 8,817
Assets held for sale	3,000		3,000
Total assets	8,492	9,025	8,492	9,025
Goodwill impairment					$ 1,572
Mortgage
Income Statement
Non-interest income	10,197	3,276	12,701	4,755
Total income	10,197	3,276	12,701	4,755
Depreciation and amortization expense	21	73	42	138
All other non-interest expense	1,869	1,445	3,639	2,758
Income before income taxes	8,307	1,758	9,020	1,859
Segment reporting
Total assets	$ 79,569	$ 35,530	$ 79,569	$ 35,530

REGULATORY CAPITAL MATTERS (Det

REGULATORY CAPITAL MATTERS (Details) $ in Thousands	6 Months Ended
	Jun. 30, 2020USD ($)item	Dec. 31, 2019USD ($)
REGULATORY CAPITAL MATTERS
Capital injection	$ 10,000
Capital conservation buffer	7.00%
Common Equity Tier 1 capital ratio including capital conservation buffer (as a percent)	7.00%
Tier 1 capital ratio including capital conservation buffer (as a percent)	8.50%
Total capital ratio including capital conservation buffer (as a percent0	10.50%
Number of conditions or events to be performed | item	0
Common Equity Tier 1 (CET 1) to risk-weighted assets
Actual Amount	$ 112,739	$ 105,821
Actual Ratio (as a percent)	9.67%	11.31%
Tier 1 capital to risk-weighted assets
Actual Amount	$ 112,739	$ 105,821
Actual Ratio (as a percent)	9.67%	11.31%
Required for Capital Adequacy Purposes Amount (as a percent)	8.50%
Total capital to risk-weighted assets
Actual Amount	$ 138,052	$ 120,429
Actual Ratio (as a percent)	11.84%	12.87%
Required for Capital Adequacy Purposes Ratio (as a percent)	10.50%
Tier 1 capital to average assets
Actual Amount	$ 112,739	$ 105,821
Actual Ratio (as a percent)	8.30%	8.58%
Bank
Common Equity Tier 1 (CET 1) to risk-weighted assets
Actual Amount	$ 117,027	$ 99,461
Actual Ratio (as a percent)	10.12%	10.67%
Required for Capital Adequacy Purposes Amount	$ 52,057	$ 41,966
Required for Capital Adequacy Purposes Ratio (as a percent)	4.50%	4.50%
To be Well Capitalized Under Prompt Corrective Action Regulations Amount	$ 75,194	$ 60,617
To be Well Capitalized Under Prompt Corrective Action Regulations Ratio (as a percent)	6.50%	6.50%
Tier 1 capital to risk-weighted assets
Actual Amount	$ 117,027	$ 99,461
Actual Ratio (as a percent)	10.12%	10.67%
Required for Capital Adequacy Purposes Amount	$ 69,410	$ 55,954
Required for Capital Adequacy Purposes Amount (as a percent)	6.00%	6.00%
To be Well Capitalized Under Prompt Corrective Action Regulations Amount	$ 92,546	$ 74,606
To be Well Capitalized Under Prompt Corrective Action Regulations Ratio (as a percent)	8.00%	8.00%
Total capital to risk-weighted assets
Actual Amount	$ 127,781	$ 107,509
Actual Ratio (as a percent)	11.05%	11.53%
Required for Capital Adequacy Purposes Amount	$ 92,546	$ 74,606
Required for Capital Adequacy Purposes Ratio (as a percent)	8.00%	8.00%
To be Well Capitalized Under Prompt Corrective Action Regulations Amount	$ 115,683	$ 93,257
To be Well Capitalized Under Prompt Corrective Action Regulations Ratio (as a percent)	10.00%	10.00%
Tier 1 capital to average assets
Actual Amount	$ 117,027	$ 99,461
Actual Ratio (as a percent)	8.63%	8.09%
Required for Capital Adequacy Purposes Amount	$ 54,266	$ 49,166
Required for Capital Adequacy Purposes Ratio (as a percent)	4.00%	4.00%
To be Well Capitalized Under Prompt Corrective Action Regulations Amount	$ 67,833	$ 61,458
Tier One Leverage Capital Required to be Well Capitalized to Average Assets	5.00%	5.00%