First Western Financial (MYFW) 10-Q 5 Nov 20 2020 Q3 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	9 Months Ended
	Sep. 30, 2020	Oct. 30, 2020
Document And Entity Information Abstract
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Sep. 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	Q3
Amendment Flag	false

CONDENSED CONSOLIDATED BALANCE

CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Sep. 30, 2020	Dec. 31, 2019
Cash and cash equivalents:
Cash and due from banks	$ 2,867	$ 4,180
Interest-bearing deposits in other financial institutions	247,491	74,458
Total cash and cash equivalents	250,358	78,638
Available-for-sale securities, at fair value	40,654	58,903
Correspondent bank stock, at cost	1,295	585
Mortgage loans held for sale	89,872	48,312
Loans, net of allowance of $11,845 and $7,875	1,494,231	990,132
Premises and equipment, net	5,116	5,218
Accrued interest receivable	6,730	3,048
Accounts receivable	4,821	5,238
Other receivables	1,497	1,006
Other real estate owned, net	558	658
Goodwill	24,191	19,686
Other intangible assets, net	72	28
Deferred tax assets, net	6,405	5,047
Company-owned life insurance	15,359	15,086
Other assets	28,738	16,544
Assets held for sale	3,000	3,553
Total assets	1,972,897	1,251,682
Deposits:
Noninterest-bearing	472,963	240,068
Interest-bearing	1,090,709	846,716
Total deposits	1,563,672	1,086,784
Borrowings:
Federal Home Loan Bank Topeka and Federal Reserve borrowings	222,075	10,000
Subordinated notes	14,447	6,560
Accrued interest payable	347	299
Other liabilities	22,639	20,244
Liabilities held for sale	141	117
Total liabilities	1,823,321	1,124,004
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; 7,951,749 and 7,940,168 shares issued and outstanding at September 30, 2020 and December 31, 2019, respectively
Additional paid-in capital	144,048	142,797
Retained earnings (accumulated deficit)	4,705	(14,955)
Accumulated other comprehensive income (loss)	823	(164)
Total shareholders' equity	149,576	127,678
Total liabilities and shareholders' equity	$ 1,972,897	$ 1,251,682

CONDENSED CONSOLIDATED BALANC_2

CONDENSED CONSOLIDATED BALANCE SHEETS (Parenthetical) - USD ($) $ in Thousands	Sep. 30, 2020	Dec. 31, 2019
Allowance for loans	$ 11,845	$ 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	7,951,749	7,940,168
Common Stock, shares outstanding	7,951,749	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		9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019
Interest and dividend income:
Loans, including fees	$ 14,138	$ 10,672	$ 37,342	$ 31,490
Investment securities	173	312	692	954
Federal funds sold and other	99	489	358	1,254
Total interest and dividend income	14,410	11,473	38,392	33,698
Interest expense:
Deposits	1,067	3,363	4,779	9,268
Other borrowed funds	425	170	968	559
Total interest expense	1,492	3,533	5,747	9,827
Net interest income	12,918	7,940	32,645	23,871
Less: provision for loan losses	1,496	100	3,987	216
Net interest income, after provision for loan losses	11,422	7,840	28,658	23,655
Non-interest income:
Trust and investment management fees	4,814	4,824	14,154	14,186
Net gain on mortgage loans	12,304	3,291	24,958	8,009
Bank fees	340	283	929	912
Risk management and insurance fees	483	176	912	838
Income on company-owned life insurance	91	95	273	284
Net gain on sale of securities		119		119
Total non-interest income	18,032	8,788	41,226	24,348
Total income before non-interest expense	29,454	16,628	69,884	48,003
Non-interest expense:
Salaries and employee benefits	10,212	8,504	25,384	23,821
Occupancy and equipment	1,619	1,388	4,574	4,193
Professional services	1,288	745	3,542	2,557
Technology and information systems	1,032	961	2,994	3,046
Data processing	1,038	854	2,922	2,282
Marketing	395	272	1,063	991
Amortization of other intangible assets	4	52	44	366
Goodwill impairment				1,572
Net loss on assets held for sale			553	(1,600)
Provision on other real estate owned	100		100
Other	944	666	2,747	1,873
Total non-interest expense	16,632	13,442	43,923	40,701
Income before income taxes	12,822	3,186	25,961	7,302
Income tax expense	3,192	780	6,301	1,865
Net income available to common shareholders	$ 9,630	$ 2,406	$ 19,660	$ 5,437
Earnings per common share:
Basic	$ 1.22	$ 0.30	$ 2.49	$ 0.69
Diluted	$ 1.20	$ 0.30	$ 2.47	$ 0.69

CONDENSED CONSOLIDATED STATEM_2

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019
CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME
Net income	$ 9,630	$ 2,406	$ 19,660	$ 5,437
Other comprehensive income items:
Net change in unrealized gains on available-for-sale securities	(28)	321	1,305	2,364
Income tax effect	7	(83)	(318)	(611)
Total other comprehensive income (loss) items	(21)	238	987	1,753
Comprehensive income	$ 9,609	$ 2,644	$ 20,647	$ 7,190

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			5,437		5,437
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				1,753	1,753
Share repurchase		(8)			(8)
Share repurchase (in shares)	(582)
Stock-based compensation		1,785			1,785
Balance at Ending at Sep. 30, 2019		143,026	(17,527)	233	125,732
Balance at Ending (in shares) at Sep. 30, 2019	7,983,284
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 Jun. 30, 2019		142,095	(19,933)	(5)	122,157
Balance at Beginning (in shares) at Jun. 30, 2019	7,983,866
Increase (Decrease) in Stockholders' Equity
Net income			2,406		2,406
Other comprehensive income, net of tax				238	238
Stock-based compensation		939			939
Balance at Ending at Sep. 30, 2019		143,026	(17,527)	233	125,732
Balance at Ending (in shares) at Sep. 30, 2019	7,983,284
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			19,660		19,660
Settlement of share awards		(258)			(258)
Settlement of share awards (in shares)	34,260
Other comprehensive income, net of tax				987	987
Share repurchase		(370)			(370)
Share repurchase (in shares)	(22,679)
Stock-based compensation		1,879			1,879
Balance at Ending at Sep. 30, 2020		144,048	4,705	823	149,576
Balance at Ending (in shares) at Sep. 30, 2020	7,951,749
Balance at Beginning at Jun. 30, 2020		143,498	(4,925)	844	139,417
Balance at Beginning (in shares) at Jun. 30, 2020	7,939,024
Increase (Decrease) in Stockholders' Equity
Net income			9,630		9,630
Settlement of share awards		(88)			(88)
Settlement of share awards (in shares)	12,725
Other comprehensive income, net of tax				(21)	(21)
Stock-based compensation		638			638
Balance at Ending at Sep. 30, 2020		$ 144,048	$ 4,705	$ 823	$ 149,576
Balance at Ending (in shares) at Sep. 30, 2020	7,951,749

CONDENSED CONSOLIDATED STATEM_4

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019
Cash flows from operating activities
Net income	$ 19,660	$ 5,437
Adjustments to reconcile net income to net cash provided by (used in) operating activities:
Depreciation and amortization	826	1,363
Deferred income tax expense	(1,699)	(727)
Stock-based compensation	1,879	1,785
Provision for loan losses	3,987	216
Net amortization of investment securities	346	118
Stock dividends received on correspondent bank stock	(12)	(25)
Increase in cash surrender value of company-owned life insurance	(273)	(284)
Net gain on mortgage loans	(24,958)	(8,009)
Gain on sales of securities		(119)
Origination of mortgage loans held for sale	(917,524)	(442,790)
Proceeds from mortgage loans	889,208	393,886
Proceeds from sale of securities		(119)
Loss on assets held for sale	553	(1,600)
Loss on impairment of goodwill		1,572
Provision on other real estate owned	100
Net changes in operating assets and liabilities:
Accounts receivable	492	(468)
Accrued interest receivable and other assets	(5,531)	(81)
Accrued interest payable and other liabilities	3,394	1,847
Net cash used in operating activities	(29,552)	(46,279)
Activity in available-for-sale securities:
Maturities, prepayments, and calls	20,890	6,202
Sales		7,506
Purchases	(2,000)	(29,750)
Purchases of correspondent bank stock	(698)	(1,237)
Redemption of correspondent bank stock		3,168
Purchases of premises and equipment	(708)	(380)
Proceeds from sale of premises and equipment	10
Net cash paid on acquisitions (Note 2)	(61,316)
Loan and note receivable originations and principal collections, net	(388,048)	(32,439)
Net cash used in investing activities	(431,870)	(46,930)
Cash flows from financing activities
Net change in deposits	413,808	171,146
Proceeds from subordinated notes	8,000
Settlement of restricted stock	(258)	(110)
Recognition of capitalized subordinated notes issuance costs	(113)
Repurchase of common stock	(370)	(8)
Payments To Federal Reserve borrowings	(238)
Proceeds from Federal Reserve borrowings	204,313
Payments to Federal Home Loan Bank Topeka borrowings	(27,000)	(72,346)
Proceeds from Federal Home Loan Bank Topeka borrowings	35,000	67,346
Net cash provided by financing activities	633,142	166,028
Net change in cash and cash equivalents	171,720	72,819
Cash and cash equivalents, beginning of year	78,638	73,357
Cash and cash equivalents, end of period	250,358	146,176
Supplemental cash flow information:
Interest paid on deposits and borrowed funds	5,699	9,702
Income tax payment, net of refunds received	6,417	1,562
Cash paid for amounts included in the measurement of lease liabilities	4,267	4,091
Supplemental noncash disclosures:
Adoption of ASU 2018-02 - Reclassification of stranded tax effects		235
Change in unrealized gain	1,305	2,364
Lease right-of-use-asset obtained in exchange for lease liabilities	649	16,580
Reclass of held for sale assets, net of liabilities	$ 10	$ 3,442

ORGANIZATION AND SUMMARY OF SIG

ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	9 Months Ended
	Sep. 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 nine months ended September 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 nine months ended September 30, 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 September 30, 2020. See Note 4 for further discussion on our loan modification program. The Company is a participant in the Federal Reserve’s Main Street Lending Program (“MSLP”) to support lending to small and medium-sized for profit businesses and nonprofit organizations that were in sound financial condition before the onset of the COVID-19 pandemic. The Company may sell a 95% participation in a new MSLP loan to the Main Street Special Purpose Vehicle (“SPV”) at par value. The Company must retain 5% of the MSLP loan until (i) it matures or (ii) neither the Main Street SPV nor a Governmental Assignee holds an interest in MSLP Loan in any capacity, whichever comes first. See Note 4 for further discussion on our participation in the 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. In April 2020, the FASB Reference Rate Reform (Topic 848): ASU 2020-04"), ASU 2020-04 is intended to provide relief for companies preparing for discontinuation of interest rates based on LIBOR. The ASU provides optional expedients and exceptions for applying GAAP to contract modifications and hedging relationships, subject to meeting certain criteria, that reference LIBOR or other reference rates expected to be discontinued. ASU 2020-04 also provides for a one-time sale and/or transfer to AFS or trading to be made for HTM debt securities that both reference an eligible reference rate and were classified as HTM before January 1, 2020. ASU 2020-04 was effective for all entities as of March 12, 2020 and through December 31, 2022. Companies can apply the ASU as of the beginning of the interim period that includes March 12, 2020 or any date thereafter. The guidance requires companies to apply the guidance prospectively to contract modifications and hedging relationships while the one-time election to sell and/or transfer debt securities classified as HTM may be made any time after March 12, 2020. ASU 2020-04 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 September 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 ever, ASU 2019-10 amended the mandatory effective date for ASU 2014-07 to January 1, 2023 for SRC’s,

ACQUISITIONS

ACQUISITIONS	9 Months Ended
	Sep. 30, 2020
ACQUISITIONS
ACQUISITIONS	NOTE 2 - ACQUISITIONS On February 10, 2020, the Company entered into a branch purchase and assumption agreement with Simmons Bank, a subsidiary of Simmons First National Corporation, 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%. ​ During the third quarter 2020, the Company closed two of the branches and the loan production office 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 September 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 (1) ​ ​ 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 $0.1 million in expenses related to the acquisition during the three months ended September 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	9 Months Ended
	Sep. 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 September 30, 2020 and December 31, 2019 (in thousands): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Gross ​ Gross ​ ​ ​ ​ ​ Amortized ​ Unrealized ​ Unrealized ​ Fair September 30, 2020 ​ Cost ​ Gains ​ Losses ​ Value Investment securities available-for-sale: ​ ​ ​ ​ U.S. Treasury debt ​ $ 250 ​ $ 6 ​ $ — ​ $ 256 Corporate bonds ​ ​ 2,000 ​ ​ 48 ​ ​ ​ ​ ​ 2,048 Government National Mortgage Association ("GNMA") mortgage-backed securities – residential ​ 28,844 ​ 944 ​ — ​ 29,788 Federal National Mortgage Association ("FNMA") mortgage-backed securities – residential ​ ​ 2,626 ​ ​ 90 ​ ​ — ​ ​ 2,716 Corporate collateralized mortgage obligations ("CMO") and mortgage-backed securities ("MBS") ​ 5,826 ​ 93 ​ (73) ​ 5,846 Total securities available-for-sale ​ $ 39,546 ​ $ 1,181 ​ $ (73) ​ $ 40,654 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 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 September 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 September 30, 2020 ​ Cost ​ Value Due after one year through five years ​ $ 250 ​ $ 256 Due after ten years ​ ​ 2,000 ​ ​ 2,048 Securities (agency and CMO) ​ 37,296 ​ 38,350 Total ​ $ 39,546 ​ $ 40,654 ​ In 2014, the Company began investing in a small business investment company (“SBIC”) fund administered by the Small Business Administration. During the nine months ended September 30, 2020 and the year ended December 31, 2019, the Company invested $0.5 million and $0.4 million, respectively, in SBIC. At September 30, 2020, the Company held a balance of $2.1 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 $0.9 million in future SBIC investments. At September 30, 2020 and December 31, 2019, securities with carrying values totaling $4.2 million and $5.5 million, respectively, were pledged to secure various public deposits and credit facilities of the Company. At September 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 September 30, 2020 and December 31, 2019, seven securities and twenty-six securities, respectively, were in an unrealized loss position, with unrealized losses totaling $0.1 million and $0.4 million, respectively. Two of the securities in an unrealized loss position at September 30, 2020 have been in a continuous unrealized loss position for more than twelve months, and the remaining securities in a loss position have been in a continuous unrealized loss position for less than twelve months. 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 September 30, 2020. The following table summarizes securities with unrealized losses at September 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 September 30, 2020 ​ Value ​ Losses ​ Value ​ Losses ​ Value Losses Corporate CMO and MBS ​ 1,553 ​ (54) ​ 590 ​ (19) ​ 2,143 ​ (73) Total ​ $ 1,553 ​ $ (54) ​ $ 590 ​ $ (19) ​ $ 2,143 ​ $ (73) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 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 nine months ended September 30, 2020. The Company sold $7.5 million of securities and realized $0.1 million of gains, from the sale of securities using the specific identification method for the three and nine months ended September 30, 2019.

LOANS AND THE ALLOWANCE FOR LOA

LOANS AND THE ALLOWANCE FOR LOAN LOSSES	9 Months Ended
	Sep. 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): ​ ​ ​ ​ ​ ​ ​ ​ ​ September 30, ​ December 31, ​ 2020 2019 Cash, Securities and Other (1) ​ $ 371,481 ​ $ 146,701 Construction and Development ​ 105,717 ​ 28,120 1-4 Family Residential ​ 446,959 ​ 400,134 Non-Owner Occupied CRE ​ 243,564 ​ 165,179 Owner Occupied CRE ​ ​ 154,138 ​ ​ 127,968 Commercial and Industrial ​ ​ 185,625 ​ ​ 128,457 Total loans held for investment ​ 1,507,484 ​ 996,559 Deferred costs (fees) and unamortized premiums/(unaccreted discounts), net ​ (1,408) ​ 1,448 Allowance for loan losses ​ (11,845) ​ (7,875) Loans, net ​ $ 1,494,231 ​ $ 990,132 ______________________________________ (1) As of September 30, 2020, total loans held for investment include $124.7 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 September 30, 2020 the Cash, Securities and Other portion of the loan portfolio included $206.1 million of PPP loans, or 55.5% of the total category. The Company is a participant in the Federal Reserve’s MSLP to support lending to small and medium-sized for profit businesses and nonprofit organizations that were in sound financial condition before the onset of the COVID-19 pandemic. As of September 30, 2020, the Company’s Commercial and Industrial loans included one MSLP loan with the net carrying amount of $2.4 million. 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. As of September 30, 2020, the Company’s loans include forty-four modified loans, including acquired loans, across multiple industries in the amount of $66.7 million. The following presents loan modifications as a result of COVID-19 as of September 30, 2020 (dollars in thousands): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total Loans ​ # of Modified Loans ​ Outstanding Balance of Modified Loans ​ % of Total Loan Balance Modified ​ Cash, Securities and Other ​ $ 371,481 ​ ​ 1 ​ $ 1,496 ​ ​ 0.40 % Construction and Development ​ 105,717 ​ ​ — ​ ​ — ​ ​ — ​ 1-4 Family Residential ​ 446,959 ​ ​ 6 ​ ​ 4,441 ​ ​ 0.99 ​ Non-Owner Occupied CRE ​ ​ 243,564 ​ ​ 22 ​ ​ 38,229 ​ ​ 15.70 ​ Owner Occupied CRE ​ ​ 154,138 ​ ​ 10 ​ ​ 17,524 ​ ​ 11.37 ​ Commercial and Industrial ​ 185,625 ​ ​ 5 ​ ​ 5,048 ​ ​ 2.72 ​ Total Loans ​ $ 1,507,484 ​ ​ 44 ​ $ 66,738 ​ ​ 4.43 % ​ 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 September 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 accommodations, transportation and restaurant 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. The portion of our credit exposure to the highest risk industries impacted by COVID-19, such as accommodations, transportation and restaurants, is less than 3.0% of our loan portfolio. Management believes the diversity of the loan portfolio is prudent and remains consistent with the credit culture and goals of the Bank. Interest accrued during the modification term on modified loans is deferred to the end of the loan term. As of September 30, 2020, no allowance for loan loss was deemed necessary on the accrued interest balances related to loan modifications. The following presents, by class, an aging analysis of the recorded investments (excluding accrued interest receivable, deferred costs (fees) and unamortized premiums/ (unaccreted discounts) which are not material) in loans past due as of September 30, 2020 and December 31, 2019 (in thousands): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 30-59 60-89 90 or Total ​ ​ Total ​ ​ Days ​ Days ​ More Days ​ Loans ​ ​ ​ ​ Recorded September 30, 2020 ​ Past Due ​ Past Due ​ Past Due ​ Past Due ​ Current ​ Investment Cash, Securities and Other ​ $ 30 ​ $ — ​ $ 66 ​ $ 96 ​ $ 371,385 ​ $ 371,481 Construction and Development ​ — ​ — ​ — ​ — ​ 105,717 ​ 105,717 1-4 Family Residential ​ 4,883 ​ 1,197 ​ — ​ 6,080 ​ 440,879 ​ 446,959 Non-Owner Occupied CRE ​ ​ 1,022 ​ ​ — ​ ​ — ​ ​ 1,022 ​ ​ 242,542 ​ ​ 243,564 Owner Occupied CRE ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ 154,138 ​ ​ 154,138 Commercial and Industrial ​ 522 ​ — ​ 3,679 ​ 4,201 ​ 181,424 ​ 185,625 Total ​ $ 6,457 ​ $ 1,197 ​ $ 3,745 ​ $ 11,399 ​ $ 1,496,085 ​ $ 1,507,484 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 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 September 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): ​ ​ ​ ​ ​ ​ ​ ​ ​ September 30, ​ December 31, ​ 2020 2019 Cash, Securities and Other ​ $ 66 ​ $ 2,803 Commercial and Industrial ​ 3,679 ​ 4,412 Total ​ $ 3,745 ​ $ 7,215 ​ Non-accrual loans classified as TDR accounted for $3.7 million of the recorded investment at September 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): ​ ​ ​ ​ ​ ​ ​ ​ ​ September 30, ​ December 31, ​ 2020 2019 Accruing ​ ​ ​ ​ ​ ​ Commercial and Industrial ​ $ 6,136 ​ $ 5,055 Non-accrual ​ ​ ​ ​ ​ ​ Cash, Securities, and Other ​ ​ 64 ​ ​ 2,803 Commercial and Industrial ​ ​ 3,679 ​ ​ 4,412 ​ ​ ​ ​ ​ ​ ​ Allowance for loan losses associated with TDR ​ (1,421) ​ (833) Net recorded investment ​ $ 8,458 ​ $ 11,437 ​ The Company extended additional principal allowed under the commitment to a Commercial and Industrial borrower for operational needs, subsequent to the loan being classified as a TDR, in the amounts of $1.3 million and $0.2 million at September 30, 2020 and December 31, 2019, respectively. 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 did not modify any loans into TDR status during the three months ended September 30, 2020. The Company modified one loan into a TDR during the nine months ended September 30, 2020. The Borrower was having difficulty making 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 has paid off in full as of September 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. These two loans are currently on non-accrual and the borrower was not making payments as agreed for the three and nine months ended September 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): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ September 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: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Cash, Securities, and Other ​ $ 2 ​ $ 2 ​ $ 2 ​ $ — ​ $ — ​ $ — Commercial and Industrial ​ ​ 3,419 ​ ​ 3,419 ​ ​ 1,421 ​ ​ 4,412 ​ ​ 4,412 ​ ​ 833 Total ​ $ 3,421 ​ $ 3,421 ​ $ 1,423 ​ $ 4,412 ​ $ 4,412 ​ $ 833 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Impaired loans with no related valuation allowance: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Cash, Securities, and Other ​ $ 64 ​ $ 64 ​ $ — ​ $ 2,803 ​ $ 2,803 ​ $ — Commercial and Industrial ​ ​ 6,396 ​ ​ 6,396 ​ ​ — ​ ​ 5,055 ​ ​ 5,055 ​ ​ — Total ​ $ 6,460 ​ $ 6,460 ​ $ — ​ $ 7,858 ​ $ 7,858 ​ $ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total impaired loans: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Cash, Securities, and Other ​ $ 66 ​ $ 66 ​ $ 2 ​ $ 2,803 ​ $ 2,803 ​ $ — Commercial and Industrial ​ ​ 9,815 ​ ​ 9,815 ​ ​ 1,421 ​ ​ 9,467 ​ ​ 9,467 ​ ​ 833 Total ​ $ 9,881 ​ $ 9,881 ​ $ 1,423 ​ $ 12,270 ​ $ 12,270 ​ $ 833 The recorded investment in loans in the previous tables excludes accrued interest, deferred costs (fees) and unamortized premiums/ (unaccreted 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 September 30, 2020 and 2019 are included in the table below (in thousands): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three Months Ended September 30, ​ ​ 2020 ​ 2019 ​ ​ Average ​ Interest ​ Average ​ Interest ​ ​ Recorded ​ Income ​ Recorded ​ Income ​ ​ Investment ​ Recognized ​ Investment ​ Recognized Impaired loans with a valuation allowance: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Cash, Securities, and Other ​ $ 1 ​ $ — ​ $ 185 ​ $ — Commercial and Industrial ​ ​ 3,427 ​ ​ — ​ ​ 1,035 ​ ​ — Total ​ $ 3,428 ​ $ — ​ $ 1,220 ​ $ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Impaired loans with no related valuation allowance: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Cash, Securities, and Other ​ $ 779 ​ $ — ​ $ 5,062 ​ $ — Commercial and Industrial ​ ​ 6,462 ​ ​ 85 ​ ​ 5,958 ​ ​ 138 1-4 Family Residential ​ ​ — ​ ​ — ​ ​ 1,213 ​ ​ 26 Total ​ $ 7,241 ​ $ 85 ​ $ 12,233 ​ $ 164 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total impaired loans: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Cash, Securities, and Other ​ $ 780 ​ $ — ​ $ 5,247 ​ $ — Commercial and Industrial ​ ​ 9,889 ​ ​ 85 ​ ​ 6,993 ​ ​ 138 1-4 Family Residential ​ ​ — ​ ​ — ​ ​ 1,213 ​ ​ 26 Total ​ $ 10,669 ​ $ 85 ​ $ 13,453 ​ $ 164 ​ The average balance of impaired loans and interest income recognized on impaired loans during the nine months ended September 30, 2020 and 2019 are included in the table below (in thousands): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Nine Months Ended September 30, ​ ​ 2020 ​ 2019 ​ ​ Average ​ Interest ​ Average ​ Interest ​ ​ Recorded ​ Income ​ Recorded ​ Income ​ ​ Investment ​ Recognized ​ Investment ​ Recognized Impaired loans with a valuation allowance: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Cash, Securities, and Other ​ $ 1 ​ $ — ​ $ 185 ​ $ — Commercial and Industrial ​ ​ 3,462 ​ ​ — ​ ​ 1,310 ​ ​ — Total ​ $ 3,463 ​ $ — ​ $ 1,495 ​ $ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Impaired loans with no related valuation allowance: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Cash, Securities, and Other ​ $ 1,463 ​ $ — ​ S 8,088 ​ S — Commercial and Industrial ​ ​ 6,088 ​ ​ 250 ​ ​ 5,463 ​ ​ 326 1-4 Family Residential ​ ​ — ​ ​ — ​ ​ 1,213 ​ ​ 77 Total ​ $ 7,551 ​ $ 250 ​ $ 14,764 ​ $ 403 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total impaired loans: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Cash, Securities, and Other ​ $ 1,464 ​ $ — ​ $ 8,273 ​ $ — Commercial and Industrial ​ ​ 9,550 ​ ​ 250 ​ ​ 6,773 ​ ​ 326 1-4 Family Residential ​ ​ — ​ ​ — ​ ​ 1,213 ​ ​ 77 Total ​ $ 11,014 ​ $ 250 ​ $ 16,259 ​ $ 403 ​ Allowance for Loan Losses The provision for loan losses for the nine months ended September 30, 2020 was $4.0 million compared to $0.2 million for the same period in 2019, primarily reflecting an increase based on the additional variability surrounding the COVID-19 loan modifications made during the prior quarter and increased economic uncertainty along with strong loan growth. 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 September 30, 2020 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Beginning balance ​ $ 2,425 ​ $ 484 ​ $ 2,708 ​ $ 1,483 ​ $ 760 ​ $ 2,494 ​ $ 10,354 Provision for (recovery of) loan losses ​ 192 ​ 249 ​ 392 ​ 207 ​ 309 ​ 147 ​ 1,496 Charge-offs ​ (6) ​ — ​ — ​ — ​ — ​ — ​ (6) Recoveries ​ 1 ​ — ​ — ​ — ​ — ​ — ​ 1 Ending balance ​ $ 2,612 ​ $ 733 ​ $ 3,100 ​ $ 1,690 ​ $ 1,069 ​ $ 2,641 ​ $ 11,845 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Changes in allowance for loan losses for the nine months ended September 30, 2020 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Beginning balance ​ $ 1,058 ​ $ 200 ​ $ 2,850 ​ $ 1,176 ​ $ 911 ​ $ 1,680 ​ $ 7,875 Provision for (recovery of) loan losses ​ 1,571 ​ 533 ​ 250 ​ 514 ​ 158 ​ 961 ​ 3,987 Charge-offs ​ (30) ​ — ​ — ​ — ​ — ​ — ​ (30) Recoveries ​ 13 ​ — ​ — ​ — ​ — ​ — ​ 13 Ending balance ​ $ 2,612 ​ $ 733 ​ $ 3,100 ​ $ 1,690 ​ $ 1,069 ​ $ 2,641 ​ $ 11,845 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Allowance for loan losses at September 30, 2020 allocated to loans evaluated for impairment: ​ ​ ​ ​ ​ ​ ​ Individually ​ $ 2 ​ $ — ​ $ — ​ $ — ​ $ — ​ $ 1,421 ​ $ 1,423 Collectively ​ 2,610 ​ 733 ​ 3,100 ​ 1,690 ​ 1,069 ​ 1,220 ​ 10,422 Ending balance ​ $ 2,612 ​ $ 733 ​ $ 3,100 ​ $ 1,690 ​ $ 1,069 ​ $ 2,641 ​ $ 11,845 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Loans at September 30, 2020, evaluated for impairment: ​ ​ ​ ​ ​ ​ ​ Individually ​ $ 66 ​ $ — ​ $ — ​ $ — ​ $ — ​ $ 9,815 ​ $ 9,881 Collectively ​ 371,415 ​ 105,717 ​ 446,959 ​ 243,564 ​ 154,138 ​ 175,810 ​ 1,497,603 Ending balance ​ $ 371,481 ​ $ 105,717 ​ $ 446,959 ​ $ 243,564 ​ $ 154,138 ​ $ 185,625 ​ $ 1,507,484 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 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 September 30, 2019 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Beginning balance ​ $ 1,049 ​ $ 290 ​ $ 2,650 ​ $ 1,086 ​ $ 800 ​ $ 1,700 ​ $ 7,575 Provision for (recovery of) loan losses ​ 258 ​ 18 ​ 27 ​ (68) ​ 76 ​ (211) ​ 100 Charge-offs ​ — ​ — ​ — ​ — ​ — ​ — ​ — Recoveries ​ — ​ — ​ — ​ — ​ — ​ — ​ — Ending balance ​ $ 1,307 ​ $ 308 ​ $ 2,677 ​ $ 1,018 ​ $ 876 ​ $ 1,489 ​ $ 7,675 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Changes in allowance for loan losses for the nine months ended September 30, 2019 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Beginning balance ​ $ 764 ​ $ 232 ​ $ 2,552 ​ $ 1,264 ​ $ 789 ​ $ 1,850 ​ $ 7,451 Provision for (recovery of) loan losses ​ 535 ​ 76 ​ 125 ​ (246) ​ 87 ​ (361) ​ 216 Charge-offs ​ — ​ — ​ — ​ — ​ — ​ — ​ — Recoveries ​ 8 ​ — ​ — ​ — ​ — ​ — ​ 8 Ending balance ​ $ 1,307 ​ $ 308 ​ $ 2,677 ​ $ 1,018 ​ $ 876 ​ $ 1,489 ​ $ 7,675 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 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 September 30, 2020 and December 31, 2019 (in thousands): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Special ​ ​ ​ ​ ​ September 30, 2020 Pass Mention Substandard ​ Total Cash, Securities and Other ​ $ 371,415 ​ $ — ​ $ 66 ​ $ 371,481 Construction and Development ​ 105,717 ​ — ​ — ​ 105,717 1-4 Family Residential ​ ​ 442,076 ​ ​ — ​ ​ 4,883 ​ ​ 446,959 Non-Owner Occupied CRE ​ ​ 232,010 ​ ​ 11,554 ​ ​ — ​ ​ 243,564 Owner Occupied CRE ​ ​ 153,656 ​ ​ 482 ​ ​ — ​ ​ 154,138 Commercial and Industrial ​ 173,061 ​ — ​ 12,564 ​ 185,625 Total ​ $ 1,477,935 ​ $ 12,036 ​ $ 17,513 ​ $ 1,507,484 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 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 September 30, 2020 and December 31, 2019.

GOODWILL

GOODWILL	9 Months Ended
	Sep. 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 ​ ​ ​ ​ ​ September 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 for 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 nine months ended September 30, 2020, the Company recorded $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. In 2019, an interim goodwill analysis resulted in the recognition of a goodwill impairment loss of $1.6 million in the Capital Management segment. Additionally, the Capital Management goodwill was allocated based on the relative fair value, and $3.6 million was reclassified to assets held for sale in 2019. As of September 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. 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 September 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. The qualitative assessment indicated that it was more likely than not that the carrying value of the reporting unit exceeded its fair value. Therefore, the Company proceeded to complete the two-step impairment test. Step 1 of the goodwill impairment analysis includes the determination of the carrying value of the reporting unit, including the existing goodwill, and estimating the fair value of the reporting unit. If the carrying amount of a reporting unit exceeds its fair value, we are required to perform the second step to the impairment test. ​ Our Step 1 goodwill impairment analysis as of September 30, 2020 indicated that the Step 2 analysis was unnecessary.

LEASES

LEASES	9 Months Ended
	Sep. 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 contained portions that were subleased these terms ended during the third quarter 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). ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ September 30, ​ December 31, ​ ​ ​ 2020 ​ 2019 Lease Right-of-Use Assets Classification ​ ​ ​ ​ ​ ​ Operating lease right-of-use assets Other assets ​ $ 9,000 ​ $ 10,308 ​ ​ ​ ​ ​ ​ ​ ​ Lease Liabilities Classification ​ ​ ​ ​ ​ ​ Operating lease liabilities Other liabilities ​ $ 11,731 ​ $ 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. ​ ​ ​ ​ ​ ​ ​ ​ September 30, ​ December 31, ​ 2020 ​ 2019 Weighted-Average Remaining Lease Term ​ ​ ​ ​ ​ Operating leases 4.41 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 September 30, ​ Nine Months Ended September 30, ​ 2020 ​ 2019 ​ 2020 ​ 2019 Lease Costs ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Operating lease cost $ 786 ​ $ 810 ​ $ 2,401 ​ $ 2,382 Variable lease cost ​ 557 ​ ​ 395 ​ ​ 1,516 ​ ​ 1,168 Sublease income ​ (33) ​ ​ (99) ​ ​ (232) ​ ​ (298) Lease costs, net $ 1,310 ​ $ 1,106 ​ $ 3,685 ​ $ 3,252 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 September 30, 2020: ​ ​ ​ ​ ​ Twelve months Ended ​ Operating Leases September 30, 2021 ​ $ 3,082 September 30, 2022 ​ 2,804 September 30, 2023 ​ ​ 2,586 September 30, 2024 ​ 2,369 September 30, 2025 ​ 1,835 Thereafter ​ 26 Total future minimum lease payments ​ $ 12,702 Less: Imputed interest ​ ​ (971) Present value of net future minimum lease payments ​ $ 11,731 ​

DEPOSITS

DEPOSITS	9 Months Ended
	Sep. 30, 2020
DEPOSITS
DEPOSITS	NOTE 7 - DEPOSITS The following presents the Company’s interest-bearing deposits at the dates noted (in thousands): ​ ​ ​ ​ ​ ​ ​ ​ ​ September 30, ​ December 31, ​ 2020 2019 Money market deposit accounts ​ $ 805,634 ​ $ 615,575 Time deposits ​ 177,391 ​ 134,913 Negotiable order of withdrawal accounts ​ 101,708 ​ 91,921 Savings accounts ​ 5,976 ​ 4,307 Total interest-bearing deposits ​ $ 1,090,709 ​ $ 846,716 Aggregate time deposits of $250,000 or greater ​ $ 67,496 ​ $ 61,596 ​ Deposits acquired through acquisitions during the year ended 2020 totaled $63.1 million. See Note 2 – Acquisitions for more information. Overdraft balances classified as loans totaled an immaterial amount at September 30, 2020 and December 31, 2019.

BORROWINGS

BORROWINGS	9 Months Ended
	Sep. 30, 2020
BORROWINGS
BORROWINGS	NOTE 8 - BORROWINGS The Bank has executed a blanket pledge and security agreement with the Federal Home Loan Bank of Topeka (“FHLB”) that requires certain loans and securities be pledged as collateral for any outstanding borrowings under the agreement. The collateral pledged as of September 30, 2020 and December 31, 2019 amounted to $612.1 million and $515.5 million, respectively. Based on this collateral and the Company’s holdings of FHLB stock, the Company was eligible to borrow an additional $401.9 million at September 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): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ September 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 September 30, 2020 the Company is utilizing $204.1 million under the PPPLF program 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 September 30, 2020 and December 31, 2019, there were no amounts outstanding on any of the federal funds lines. As of September 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 September 30, 2020 and December 31, 2019, the Company was in compliance with the covenant requirements. The Company had a Restated Revolving Credit Note (the "Credit Note") with a correspondent lending partner which matured on June 30, 2020 and was renewed under a new Business Loan Agreement and associated Promissory Note (the “Note”) dated June 30, 2020. The Note is secured by stock of the Bank and bears interest at the one month ICE Benchmark Administration (ICE) LIBOR plus 2.5%. As of September 30, 2020 and December 31, 2019, there were no amounts outstanding and the borrowing capacity associated with each facility was $5.0 million.

COMMITMENTS AND CONTINGENCIES

COMMITMENTS AND CONTINGENCIES	9 Months Ended
	Sep. 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): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ September 30, 2020 ​ December 31, 2019 ​ Fixed Rate Variable Rate Fixed Rate Variable Rate Unused lines of credit ​ $ 74,726 ​ $ 327,326 ​ $ 32,896 ​ $ 290,653 Standby letters of credit ​ ​ 1,754 ​ ​ 17,324 ​ ​ 1,759 ​ ​ 24,197 Commitments to make loans to sell ​ ​ 419,035 ​ ​ — ​ ​ 47,354 ​ ​ — Commitments to make loans ​ $ 23,496 ​ $ 33,691 ​ $ — ​ $ — ​ 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	9 Months Ended
	Sep. 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 the nine months ended September 30, 2020, the Company repurchased 22,679 shares at an average price of $16.50. The share repurchase program expired in June 2020 and therefore no shares were repurchased during the three months ended September 30, 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 nine months ended September 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. The performance based awards fully vested in the second quarter 2020, no expenses were recognized in the three months ended September 30, 2020. As of September 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 and $0.5 million for the three months ended September 30, 2020 and 2019, for the Restricted Stock Awards. During the nine months ended September 30, 2020 and 2019, the Company has recognized compensation expense of $0.3 million and $0.7 million for the Restricted Stock Awards, respectively. As of September 30, 2020, the Company has $ 0.6 Stock-Based Compensation Plans As of September 30, 2020, there were a total of 504,397 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 nine months ended September 30, 2020 and 2019. During the three months ended September 30, 2020 and 2019, the Company recognized stock based compensation expense of $0.1 million and $0.1 million, respectively, associated with stock options. During the nine months ended September 30, 2020 and 2019, the Company recognized stock based compensation expense of $0.2 million and $0.2 million, respectively, associated with stock options. As of September 30, 2020, the Company has $0.1 The following summarizes activity for nonqualified stock options for the nine months ended September 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 September 30, 2020 ​ 419,197 ​ $ 29.02 ​ 2.9 ​ (a) Options fully vested / exercisable at September 30, 2020 ​ 396,916 ​ $ 29.20 ​ 2.7 ​ (a) ________________________________________ (a) Nonqualified stock options outstanding at the end of the period and those fully vested / exercisable had immaterial aggregate intrinsic values. As of September 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 nine months ended September 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 nine months ended September 30, 2020: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Time ​ Financial ​ Market ​ ​ Vesting ​ Performance ​ Performance ​ Units Units Units Outstanding at December 31, 2019 ​ 209,444 ​ 69,426 ​ 14,862 Granted ​ 109,607 ​ 60,859 ​ - Vested ​ (54,112) ​ - ​ - Forfeited ​ (1,888) ​ (854) ​ - Outstanding at September 30, 2020 ​ 263,051 ​ 129,431 ​ 14,862 ​ During the three months ended September 30, 2020, the Company issued 12,725 shares of common stock upon the settlement of Time Vesting Units. The remaining 6,196 shares that vested during the period were surrendered with a combined market value at the date of settlement of $0.1 million to cover employee withholding taxes. During the nine months ended September 30, 2020 , the Company issued 34,260 shares of common stock upon the settlement of Time Vesting Units. The remaining 19,852 shares that vested during the period 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 nine months ended September 30, 2019 the Company issued 15,446 shares of common stock upon the settlement of Time Vesting Units. The remaining 7,835 shares that vested during the period 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 109,607 Time Vesting Units with a five-year service period during the nine months ended September 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 $12.84 per Time Vesting Units. As of September 30, 2020, the Company has $3.8 million of unrecognized stock-based compensation expense is expected to be recognized over a weighted-average period of approximately 2.0 years. 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. The end of the performance metrics period, December 31, 2019, resulted in accruing at 50% for h alf Financial Performance Units Granted from May 1, 2019 through April 30, 2020 The Company granted 1,866 Financial Performance Units during the nine months ended September 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 September 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 September 30, 2020 was approximately 86,200 shares. During the three months ended September 30, 2020 and 2019, the Company recognized $0.1 million of compensation expense, for Financial Performance Units. For the nine months ended September 30, 2020 and 2019, the Company recognized $0.2 million and $0.1 million, respectively. As of September 30, 2020, there was $0.6 million of unrecognized compensation expense related to the Financial Performance Units. As of September 30, 2020, the unrecognized stock-based compensation expense is expected to be recognized over a weighted-average period of 3.3 years. Financial Performance Units Granted from May 1, 2020 through September 30, 2020 The Company granted 699 and 58,993 Financial Performance Units during the three and nine months ended September 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 September 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 September 30, 2020 was approximately 87,900 shares. During the three and nine months ended September 30, 2020, the Company recognized $0.1 million of compensation expense for the Financial Performance Units. As of September 30, 2020, there was $0.7 million of unrecognized compensation expense related to the Financial Performance Units. As of September 30, 2020, the unrecognized stock-based compensation expense is expected to be recognized over a weighted-average period of 4.3 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 would have been determined to be earned and vest following the completion of a subsequent service period ending on June 30, 2022. The Company’s common stock did not trade at or above the required prices over the performance period, as a result no Market Performance Units are eligible to be earned. 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 nine months ended September 30, 2020 and 2019, the Company recognized an immaterial amount of compensation expense for the Market Performance Units. As of September 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 1.8 years.

EARNINGS PER COMMON SHARE

EARNINGS PER COMMON SHARE	9 Months Ended
	Sep. 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 September 30, ​ Nine Months Ended September 30, ​ 2020 2019 2020 2019 Earnings per common share - Basic ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Numerator: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Net income ​ $ 9,630 $ 2,406 ​ $ 19,660 $ 5,437 Dividends on preferred stock ​ — ​ — ​ — ​ — Net income available for common shareholders ​ $ 9,630 $ 2,406 ​ $ 19,660 $ 5,437 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Denominator: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Basic weighted average shares ​ 7,911,871 7,890,794 ​ 7,888,675 7,882,221 Earnings per common share - basic ​ $ 1.22 ​ $ 0.30 ​ $ 2.49 ​ $ 0.69 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Earnings per common share - Diluted ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Numerator: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Net income ​ $ 9,630 $ 2,406 ​ $ 19,660 $ 5,437 Dividends on preferred stock ​ — ​ — ​ — ​ — Net income available for common shareholders ​ $ 9,630 $ 2,406 ​ $ 19,660 $ 5,437 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Denominator: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Basic weighted average shares ​ ​ 7,911,871 ​ ​ 7,890,794 ​ ​ 7,888,675 ​ ​ 7,882,221 Diluted effect of common stock equivalents: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Stock options ​ ​ — ​ ​ — ​ ​ — ​ ​ — Time Vesting Units ​ ​ 85,897 ​ ​ 10,702 ​ ​ 44,310 ​ ​ 4,942 Financial Performance Units ​ ​ 7,786 ​ ​ 123 ​ ​ 16,176 ​ ​ 41 Market Performance Units ​ ​ 13,453 ​ ​ 13,175 ​ ​ 13,347 ​ ​ 13,357 Restricted Stock Awards ​ ​ — ​ ​ — ​ ​ — ​ ​ — Total diluted effect of common stock equivalents ​ ​ 107,136 ​ ​ 24,000 ​ ​ 73,833 ​ ​ 18,340 Diluted weighted average shares ​ 8,019,007 7,914,794 ​ 7,962,508 7,900,561 Earnings per common share - diluted ​ $ 1.20 ​ $ 0.30 ​ $ 2.47 ​ $ 0.69 ​ Diluted earnings per share was computed without consideration to potentially dilutive instruments as their inclusion would have been anti-dilutive. As of September 30, 2020 and 2019, potentially dilutive securities excluded from the diluted earnings per share calculation are as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three Months Ended September 30, ​ Nine Months Ended September 30, ​ ​ 2020 ​ 2019 ​ 2020 ​ 2019 Stock options ​ ​ 419,197 ​ ​ 423,197 ​ 419,197 ​ ​ 438,364 Time Vesting Units ​ ​ 82,600 ​ ​ 130,821 ​ 87,304 ​ ​ 163,141 Financial Performance Units ​ ​ 116,051 ​ ​ 55,028 ​ 70,769 ​ ​ 47,008 Restricted Stock Awards ​ ​ 21,054 ​ ​ 61,668 ​ 41,517 ​ ​ 83,713 Total potentially dilutive securities ​ ​ 638,902 ​ ​ 670,714 ​ 618,787 ​ ​ 732,226 ​

INCOME TAXES

INCOME TAXES	9 Months Ended
	Sep. 30, 2020
INCOME TAXES
INCOME TAXES	NOTE 12 - INCOME TAXES During the three and nine months ended September 30, 2020, the Company recorded an income tax provision of $3.2 million and $6.3 million, respectively, reflecting an effective tax rate of 24.9% and 24.3%, respectively. During the three and nine months ended September 30, 2019, the Company recorded an income tax provision of $0.8 million and $1.9 million, respectively, reflecting an effective tax rate of 24.5% and 25.5%, respectively.

RELATED-PARTY TRANSACTIONS

RELATED-PARTY TRANSACTIONS	9 Months Ended
	Sep. 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 September 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): ​ ​ ​ ​ ​ ​ ​ ​ September 30, 2020 December 31, 2019 Balance, beginning of year ​ $ 5,675 ​ $ 2,659 Funded loans ​ 6,808 ​ 11,618 Payments collected ​ (7,161) ​ (8,602) Balance, end of year ​ $ 5,322 ​ $ 5,675 Deposits from related parties held by the Bank at September 30, 2020 and December 31, 2019 totaled $21.8 million and $28.5 million, respectively. The Company leases office spaces from entities controlled by one of the Company’s board members. During the nine months ended September 30, 2020 and 2019, the Company incurred expenses of $0.1 million.

FAIR VALUE

FAIR VALUE	9 Months Ended
	Sep. 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 September 30, 2020 and December 31, 2019 (in thousands): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Quoted ​ ​ ​ ​ ​ ​ ​ ​ Prices in ​ Significant ​ ​ ​ ​ ​ ​ ​ ​ Active Markets ​ Other ​ Significant ​ ​ ​ ​ ​ for Identical ​ Observable ​ Unobservable ​ ​ ​ ​ ​ Assets ​ Inputs ​ Inputs ​ Reported September 30, 2020 ​ (Level 1) ​ (Level 2) ​ (Level 3) ​ Balance Investment securities available-for-sale: ​ ​ ​ ​ U.S. Treasury debt ​ $ 256 ​ $ — ​ $ — ​ $ 256 Corporate bonds ​ ​ — ​ ​ 2,048 ​ ​ — ​ ​ 2,048 GNMA mortgage-backed securities - residential ​ — ​ 29,788 ​ — ​ 29,788 FNMA mortgage-backed securities - residential ​ ​ — ​ ​ 2,716 ​ ​ — ​ ​ 2,716 Corporate CMO and MBS ​ — ​ 5,846 ​ — ​ 5,846 Total securities available-for-sale ​ $ 256 ​ $ 40,398 ​ $ — ​ $ 40,654 Equity securities ​ $ 732 ​ $ — ​ $ — ​ $ 732 Guarantee asset ​ $ — ​ $ — ​ $ 245 ​ $ 245 IRLC and FSC, net ​ $ — ​ $ — ​ $ 11,622 ​ $ 11,622 Guarantee liability ​ $ — ​ $ — ​ $ 153 ​ $ 153 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 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 September 30, 2020 Guarantee Asset IRLC and FSC, Net Guarantee Liability Beginning balance ​ $ 222 ​ $ 7,482 ​ $ 191 Gains (losses) in net income, net ​ ​ 39 ​ ​ 1,066 ​ ​ (38) Other settlements, net (1) ​ (16) ​ ​ 3,074 ​ ​ — Ending balance ​ $ 245 ​ $ 11,622 ​ $ 153 ______________________________________ (1) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Nine Months Ended September 30, 2020 Guarantee Asset IRLC and FSC, Net Guarantee Liability Beginning balance ​ $ — ​ $ 1,184 ​ $ — Sales ​ 245 ​ ​ — ​ ​ 244 Gains (losses) in net income, net ​ ​ 55 ​ ​ 1,713 ​ ​ (91) Other settlements, net (1) ​ (55) ​ ​ 8,725 ​ ​ — Ending balance ​ $ 245 ​ $ 11,622 ​ $ 153 ______________________________________ (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 September 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 September 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 September 30, 2020 and December 31, 2019 (in thousands): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Quoted ​ ​ ​ ​ ​ Prices in ​ Significant ​ ​ ​ ​ ​ ​ ​ ​ Active Markets ​ Other ​ Significant ​ ​ ​ ​ ​ for Identical ​ Observable ​ Unobservable ​ ​ ​ ​ ​ Assets ​ Inputs ​ Inputs ​ Reported September 30, 2020 ​ (Level 1) ​ (Level 2) ​ (Level 3) ​ Balance Other real estate owned: ​ ​ ​ ​ Commercial properties ​ $ — ​ $ — ​ $ 558 ​ $ 558 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total impaired loans (1) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Commercial and Industrial ​ $ — ​ $ — ​ $ 1,998 ​ $ 1,998 ______________________________________ (1) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 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 September 30, 2020, other real estate owned decreased slightly from December 31, 2019 and had a carrying amount of $0.6 million, which is the cost basis of $2.4 million net of a valuation allowance of $1.8 million. At September 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 $1.4 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 $1.4 million and $0.8 million as of September 30, 2020 and December 31, 2019. The Bank charged off an immaterial amount during the nine months ended September 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 September 30, 2020 and December 31, 2019 (dollars in thousands): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Quantitative Information about Level 3 Fair Value Measurements at September 30, 2020 ​ ​ ​ ​ ​ Valuation ​ Significant ​ Range ​ ​ Fair Value ​ Technique ​ Unobservable Input ​ (Weighted Average) Other real estate owned: ​ ​ ​ ​ Commercial properties ​ ​ 558 ​ ​ Sales contract ​ ​ Commission, cost to sell, closing costs ​ ​ 3% - 10% (7%) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total impaired loans (1) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Commercial and Industrial ​ ​ 1,998 ​ ​ Sales comparison, Market approach - guideline transaction method ​ ​ Management discount for asset/property type ​ ​ 17% - 20% (20%) ______________________________________ (1) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 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 September 30, 2020 and December 31, 2019 (in thousands): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Carrying ​ Fair Value Measurements Using: September 30, 2020 Amount Level 1 Level 2 Level 3 Assets: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Cash and cash equivalents ​ $ 250,358 ​ $ 250,358 ​ $ — ​ $ — Securities available-for-sale ​ 40,654 ​ 256 ​ 40,398 ​ — Loans, net ​ 1,494,231 ​ — ​ — ​ 1,493,863 Mortgage loans held for sale ​ 89,872 ​ — ​ 89,872 ​ — Accrued interest receivable ​ 6,730 ​ — ​ 6,730 ​ — Equity securities ​ ​ 732 ​ ​ 732 ​ ​ — ​ ​ — IRLC and FSC, net ​ ​ 11,622 ​ ​ — ​ ​ — ​ ​ 11,622 Guarantee asset ​ ​ 245 ​ ​ — ​ ​ — ​ ​ 245 Liabilities: ​ ​ ​ ​ Deposits ​ ​ 1,563,672 ​ ​ — ​ ​ 1,565,555 ​ ​ — Borrowings: ​ ​ ​ ​ FHLB Topeka Borrowings – fixed rate ​ 18,000 ​ — ​ 18,070 ​ — Federal Reserve Borrowings – fixed rate ​ 204,075 ​ — ​ 204,075 ​ — Subordinated notes – fixed-to-floating rate ​ 14,447 ​ — ​ — ​ 14,997 Accrued interest payable ​ ​ 347 ​ ​ — ​ ​ 347 ​ ​ — Guarantee liability ​ $ 153 ​ $ — ​ $ — ​ $ 153 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 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 ​ ​ — ​ ​ — IRLC and FSC, net ​ ​ 1,184 ​ ​ — ​ ​ — ​ ​ 1,184 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	9 Months Ended
	Sep. 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. On September 18, 2020, the Company entered into an agreement to sell the Company’s Los Angeles-based fixed income portfolio management team to Lido Advisors, LLC and Oakhurst Advisors, LLC. As of September 30, 2020, the sale was not yet completed. The Company performed a review of the fair value of assets held for sale as of the three months ended September 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): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ September 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 Assets in disposal groups held for sale ​ $ — ​ $ 3,000 ​ $ 3,000 ​ $ — ​ $ 3,553 ​ $ 3,553 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ LIABILITIES ​ ​ ​ ​ ​ ​ Other liabilities ​ $ — ​ $ 141 ​ $ 141 ​ $ — ​ $ 117 ​ $ 117 Liabilities in disposal groups held for sale ​ $ — ​ $ 141 ​ $ 141 ​ $ — ​ $ 117 ​ $ 117 ​

SEGMENT REPORTING

SEGMENT REPORTING	9 Months Ended
	Sep. 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 September 30, 2020 and 2019 (in thousands): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three Months Ended September 30, 2020 ​ Wealth ​ Capital ​ Mortgage ​ Consolidated Income Statement ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total interest income $ 14,410 $ — $ — $ 14,410 Total interest expense ​ ​ 1,492 ​ ​ — ​ ​ — ​ ​ 1,492 Provision for loan losses ​ ​ 1,496 ​ ​ — ​ ​ — ​ ​ 1,496 Net interest income, after provision for loan losses ​ ​ 11,422 ​ ​ — ​ ​ — ​ ​ 11,422 Non-interest income ​ ​ 4,810 ​ ​ 899 ​ ​ 12,323 ​ ​ 18,032 Total income ​ ​ 16,232 ​ ​ 899 ​ ​ 12,323 ​ ​ 29,454 Depreciation and amortization expense ​ ​ 252 ​ 8 ​ 14 ​ 274 All other non-interest expense ​ ​ 13,664 ​ ​ 627 ​ ​ 2,067 ​ ​ 16,358 Income before income tax ​ $ 2,316 ​ $ 264 ​ $ 10,242 ​ $ 12,822 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Goodwill ​ $ 20,499 $ 3,692 $ — $ 24,191 Assets held for sale ​ ​ — ​ ​ 3,000 ​ ​ — ​ ​ 3,000 Total assets ​ $ 1,859,390 $ 8,358 $ 105,149 $ 1,972,897 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three Months Ended September 30, 2019 ​ Wealth ​ Capital Mortgage Consolidated Income Statement ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total interest income $ 11,473 ​ $ — $ — $ 11,473 Total interest expense ​ ​ 3,533 ​ ​ — ​ — ​ 3,533 Provision for loan losses ​ ​ 100 ​ ​ — ​ — ​ 100 Net interest income, after provision for loan losses ​ ​ 7,840 ​ ​ — ​ — ​ 7,840 Non-interest income ​ ​ 4,714 ​ ​ 776 ​ 3,298 ​ 8,788 Total income ​ ​ 12,554 ​ ​ 776 ​ 3,298 ​ 16,628 Depreciation and amortization expense ​ ​ 274 ​ ​ 22 ​ 55 ​ 351 All other non-interest expense ​ ​ 10,434 ​ ​ 701 ​ ​ 1,956 ​ 13,091 Income before income tax ​ $ 1,846 ​ $ 53 $ 1,287 $ 3,186 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Goodwill ​ $ 15,994 ​ $ 3,692 $ — $ 19,686 Assets held for sale ​ ​ — ​ ​ 3,553 ​ ​ — ​ ​ 3,553 Total assets ​ $ 1,195,340 ​ $ 8,528 $ 68,057 $ 1,271,925 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Nine Months Ended September 30, 2020 ​ Wealth ​ Capital ​ Mortgage ​ Consolidated Income Statement ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total interest income $ 38,392 $ — $ — $ 38,392 Total interest expense ​ ​ 5,747 ​ ​ — ​ — ​ 5,747 Provision for loan losses ​ ​ 3,987 ​ ​ — ​ — ​ 3,987 Net interest income, after provision for loan losses ​ ​ 28,658 ​ ​ — ​ — ​ 28,658 Non-interest income ​ ​ 13,710 ​ ​ 2,492 ​ 25,024 ​ 41,226 Total income ​ ​ 42,368 ​ ​ 2,492 ​ 25,024 ​ 69,884 Depreciation and amortization expense ​ ​ 718 ​ ​ 52 ​ 56 ​ 826 All other non-interest expense ​ ​ 34,619 ​ ​ 2,772 (1) ​ 5,706 ​ 43,097 Income (loss) before income tax ​ $ 7,031 ​ $ (332) $ 19,262 $ 25,961 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Goodwill ​ $ 20,499 ​ $ 3,692 $ — $ 24,191 Assets held for sale ​ ​ — ​ ​ 3,000 ​ — ​ 3,000 Total assets ​ $ 1,859,390 ​ $ 8,358 $ 105,149 $ 1,972,897 ______________________________________ (1) Includes loss on assets held for sale of $0.6 million and $0.2 million SEC penalty. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Nine Months Ended September 30, 2019 ​ Wealth ​ Capital Mortgage Consolidated Income Statement ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total interest income $ 33,698 ​ $ — $ — $ 33,698 Total interest expense ​ ​ 9,827 ​ ​ — ​ — ​ 9,827 Provision for loan losses ​ ​ 216 ​ ​ — ​ — ​ 216 Net interest income, after provision for loan losses ​ ​ 23,655 ​ ​ — ​ — ​ 23,655 Non-interest income ​ ​ 13,956 ​ ​ 2,339 ​ 8,053 ​ 24,348 Total income ​ ​ 37,611 ​ ​ 2,339 ​ 8,053 ​ 48,003 Depreciation and amortization expense ​ ​ 902 ​ ​ 248 ​ 197 ​ 1,347 All other non-interest expense ​ ​ 30,935 ​ ​ 3,709 (1) ​ 4,710 ​ 39,354 Income (loss) before income tax ​ $ 5,774 ​ $ (1,618) $ 3,146 $ 7,302 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Goodwill ​ $ 15,994 ​ $ 3,692 $ — $ 19,686 Assets held for sale ​ ​ — ​ ​ 3,553 ​ ​ — ​ ​ 3,553 Total assets ​ $ 1,195,340 ​ $ 8,528 $ 68,057 $ 1,271,925 ______________________________________ (1) Includes goodwill impairment charge of $1.6 million. (1)

REGULATORY CAPITAL MATTERS

REGULATORY CAPITAL MATTERS	9 Months Ended
	Sep. 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 nine months ended September 30, 2020, the Company made a $10.0 million capital injection into the Bank. Management believes as of September 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 September 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 September 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 September 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 September 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 September 30, 2020 and December 31, 2019. The following presents the actual and required capital amounts and ratios as of September 30, 2020 and December 31, 2019 (in thousands): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ To be Well Capitalized ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Under Prompt ​ ​ ​ ​ ​ ​ ​ Required for Capital ​ Corrective Action ​ ​ Actual ​ Adequacy Purposes (1) ​ Regulations September 30, 2020 Amount Ratio Amount Ratio Amount Ratio Tier 1 capital to risk-weighted assets ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Bank ​ $ 127,441 10.28 % $ 74,391 6.0 % $ 99,188 ​ 8.0 % Consolidated ​ ​ 122,987 ​ 9.88 ​ ​ N/A ​ N/A ​ ​ N/A ​ N/A ​ Common Equity Tier 1(CET1) to risk-weighted assets ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Bank ​ ​ 127,441 10.28 ​ ​ 55,793 4.5 ​ ​ 80,591 6.5 ​ Consolidated ​ ​ 122,987 ​ 9.88 ​ ​ N/A ​ N/A ​ ​ N/A ​ N/A ​ Total capital to risk-weighted assets ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Bank ​ ​ 139,647 11.26 ​ 99,188 8.0 ​ 123,985 10.0 ​ Consolidated ​ ​ 149,753 ​ 12.03 ​ ​ N/A ​ N/A ​ ​ N/A ​ N/A ​ Tier 1 capital to average assets ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Bank ​ ​ 127,441 7.81 ​ 65,233 4.0 ​ 81,542 5.0 ​ Consolidated ​ $ 122,987 ​ 7.52 % $ 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.

SUBSEQUENT EVENTS

SUBSEQUENT EVENTS	9 Months Ended
	Sep. 30, 2020
SUBSEQUENT EVENTS
SUBSEQUENT EVENTS	NOTE 18 – SUBSEQUENT EVENTS On November 3, 2020, the Company announced that its Board of Directors had authorized a share repurchase program under which the Company may repurchase up to 400,000 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. *****

ORGANIZATION AND SUMMARY OF S_2

ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	9 Months Ended
	Sep. 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 nine months ended September 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 nine months ended September 30, 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 September 30, 2020. See Note 4 for further discussion on our loan modification program. The Company is a participant in the Federal Reserve’s Main Street Lending Program (“MSLP”) to support lending to small and medium-sized for profit businesses and nonprofit organizations that were in sound financial condition before the onset of the COVID-19 pandemic. The Company may sell a 95% participation in a new MSLP loan to the Main Street Special Purpose Vehicle (“SPV”) at par value. The Company must retain 5% of the MSLP loan until (i) it matures or (ii) neither the Main Street SPV nor a Governmental Assignee holds an interest in MSLP Loan in any capacity, whichever comes first. See Note 4 for further discussion on our participation in the 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. In April 2020, the FASB Reference Rate Reform (Topic 848): ASU 2020-04"), ASU 2020-04 is intended to provide relief for companies preparing for discontinuation of interest rates based on LIBOR. The ASU provides optional expedients and exceptions for applying GAAP to contract modifications and hedging relationships, subject to meeting certain criteria, that reference LIBOR or other reference rates expected to be discontinued. ASU 2020-04 also provides for a one-time sale and/or transfer to AFS or trading to be made for HTM debt securities that both reference an eligible reference rate and were classified as HTM before January 1, 2020. ASU 2020-04 was effective for all entities as of March 12, 2020 and through December 31, 2022. Companies can apply the ASU as of the beginning of the interim period that includes March 12, 2020 or any date thereafter. The guidance requires companies to apply the guidance prospectively to contract modifications and hedging relationships while the one-time election to sell and/or transfer debt securities classified as HTM may be made any time after March 12, 2020. ASU 2020-04 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 September 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 ever, ASU 2019-10 amended the mandatory effective date for ASU 2014-07 to January 1, 2023 for SRC’s,

ACQUISITIONS (Tables)

ACQUISITIONS (Tables)	9 Months Ended
	Sep. 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 September 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 (1) ​ ​ 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)	9 Months Ended
	Sep. 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 September 30, 2020 and December 31, 2019 (in thousands): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Gross ​ Gross ​ ​ ​ ​ ​ Amortized ​ Unrealized ​ Unrealized ​ Fair September 30, 2020 ​ Cost ​ Gains ​ Losses ​ Value Investment securities available-for-sale: ​ ​ ​ ​ U.S. Treasury debt ​ $ 250 ​ $ 6 ​ $ — ​ $ 256 Corporate bonds ​ ​ 2,000 ​ ​ 48 ​ ​ ​ ​ ​ 2,048 Government National Mortgage Association ("GNMA") mortgage-backed securities – residential ​ 28,844 ​ 944 ​ — ​ 29,788 Federal National Mortgage Association ("FNMA") mortgage-backed securities – residential ​ ​ 2,626 ​ ​ 90 ​ ​ — ​ ​ 2,716 Corporate collateralized mortgage obligations ("CMO") and mortgage-backed securities ("MBS") ​ 5,826 ​ 93 ​ (73) ​ 5,846 Total securities available-for-sale ​ $ 39,546 ​ $ 1,181 ​ $ (73) ​ $ 40,654 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 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 September 30, 2020 ​ Cost ​ Value Due after one year through five years ​ $ 250 ​ $ 256 Due after ten years ​ ​ 2,000 ​ ​ 2,048 Securities (agency and CMO) ​ 37,296 ​ 38,350 Total ​ $ 39,546 ​ $ 40,654
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 September 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 September 30, 2020 ​ Value ​ Losses ​ Value ​ Losses ​ Value Losses Corporate CMO and MBS ​ 1,553 ​ (54) ​ 590 ​ (19) ​ 2,143 ​ (73) Total ​ $ 1,553 ​ $ (54) ​ $ 590 ​ $ (19) ​ $ 2,143 ​ $ (73) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 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)	9 Months Ended
	Sep. 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): ​ ​ ​ ​ ​ ​ ​ ​ ​ September 30, ​ December 31, ​ 2020 2019 Cash, Securities and Other (1) ​ $ 371,481 ​ $ 146,701 Construction and Development ​ 105,717 ​ 28,120 1-4 Family Residential ​ 446,959 ​ 400,134 Non-Owner Occupied CRE ​ 243,564 ​ 165,179 Owner Occupied CRE ​ ​ 154,138 ​ ​ 127,968 Commercial and Industrial ​ ​ 185,625 ​ ​ 128,457 Total loans held for investment ​ 1,507,484 ​ 996,559 Deferred costs (fees) and unamortized premiums/(unaccreted discounts), net ​ (1,408) ​ 1,448 Allowance for loan losses ​ (11,845) ​ (7,875) Loans, net ​ $ 1,494,231 ​ $ 990,132 ______________________________________ (1)
Schedule of loan modifications	The following presents loan modifications as a result of COVID-19 as of September 30, 2020 (dollars in thousands): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total Loans ​ # of Modified Loans ​ Outstanding Balance of Modified Loans ​ % of Total Loan Balance Modified ​ Cash, Securities and Other ​ $ 371,481 ​ ​ 1 ​ $ 1,496 ​ ​ 0.40 % Construction and Development ​ 105,717 ​ ​ — ​ ​ — ​ ​ — ​ 1-4 Family Residential ​ 446,959 ​ ​ 6 ​ ​ 4,441 ​ ​ 0.99 ​ Non-Owner Occupied CRE ​ ​ 243,564 ​ ​ 22 ​ ​ 38,229 ​ ​ 15.70 ​ Owner Occupied CRE ​ ​ 154,138 ​ ​ 10 ​ ​ 17,524 ​ ​ 11.37 ​ Commercial and Industrial ​ 185,625 ​ ​ 5 ​ ​ 5,048 ​ ​ 2.72 ​ Total Loans ​ $ 1,507,484 ​ ​ 44 ​ $ 66,738 ​ ​ 4.43 %
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 costs (fees) and unamortized premiums/ (unaccreted discounts) which are not material) in loans past due as of September 30, 2020 and December 31, 2019 (in thousands): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 30-59 60-89 90 or Total ​ ​ Total ​ ​ Days ​ Days ​ More Days ​ Loans ​ ​ ​ ​ Recorded September 30, 2020 ​ Past Due ​ Past Due ​ Past Due ​ Past Due ​ Current ​ Investment Cash, Securities and Other ​ $ 30 ​ $ — ​ $ 66 ​ $ 96 ​ $ 371,385 ​ $ 371,481 Construction and Development ​ — ​ — ​ — ​ — ​ 105,717 ​ 105,717 1-4 Family Residential ​ 4,883 ​ 1,197 ​ — ​ 6,080 ​ 440,879 ​ 446,959 Non-Owner Occupied CRE ​ ​ 1,022 ​ ​ — ​ ​ — ​ ​ 1,022 ​ ​ 242,542 ​ ​ 243,564 Owner Occupied CRE ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ 154,138 ​ ​ 154,138 Commercial and Industrial ​ 522 ​ — ​ 3,679 ​ 4,201 ​ 181,424 ​ 185,625 Total ​ $ 6,457 ​ $ 1,197 ​ $ 3,745 ​ $ 11,399 ​ $ 1,496,085 ​ $ 1,507,484 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 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): ​ ​ ​ ​ ​ ​ ​ ​ ​ September 30, ​ December 31, ​ 2020 2019 Cash, Securities and Other ​ $ 66 ​ $ 2,803 Commercial and Industrial ​ 3,679 ​ 4,412 Total ​ $ 3,745 ​ $ 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): ​ ​ ​ ​ ​ ​ ​ ​ ​ September 30, ​ December 31, ​ 2020 2019 Accruing ​ ​ ​ ​ ​ ​ Commercial and Industrial ​ $ 6,136 ​ $ 5,055 Non-accrual ​ ​ ​ ​ ​ ​ Cash, Securities, and Other ​ ​ 64 ​ ​ 2,803 Commercial and Industrial ​ ​ 3,679 ​ ​ 4,412 ​ ​ ​ ​ ​ ​ ​ Allowance for loan losses associated with TDR ​ (1,421) ​ (833) Net recorded investment ​ $ 8,458 ​ $ 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): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ September 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: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Cash, Securities, and Other ​ $ 2 ​ $ 2 ​ $ 2 ​ $ — ​ $ — ​ $ — Commercial and Industrial ​ ​ 3,419 ​ ​ 3,419 ​ ​ 1,421 ​ ​ 4,412 ​ ​ 4,412 ​ ​ 833 Total ​ $ 3,421 ​ $ 3,421 ​ $ 1,423 ​ $ 4,412 ​ $ 4,412 ​ $ 833 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Impaired loans with no related valuation allowance: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Cash, Securities, and Other ​ $ 64 ​ $ 64 ​ $ — ​ $ 2,803 ​ $ 2,803 ​ $ — Commercial and Industrial ​ ​ 6,396 ​ ​ 6,396 ​ ​ — ​ ​ 5,055 ​ ​ 5,055 ​ ​ — Total ​ $ 6,460 ​ $ 6,460 ​ $ — ​ $ 7,858 ​ $ 7,858 ​ $ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total impaired loans: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Cash, Securities, and Other ​ $ 66 ​ $ 66 ​ $ 2 ​ $ 2,803 ​ $ 2,803 ​ $ — Commercial and Industrial ​ ​ 9,815 ​ ​ 9,815 ​ ​ 1,421 ​ ​ 9,467 ​ ​ 9,467 ​ ​ 833 Total ​ $ 9,881 ​ $ 9,881 ​ $ 1,423 ​ $ 12,270 ​ $ 12,270 ​ $ 833 The recorded investment in loans in the previous tables excludes accrued interest, deferred costs (fees) and unamortized premiums/ (unaccreted 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 September 30, 2020 and 2019 are included in the table below (in thousands): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three Months Ended September 30, ​ ​ 2020 ​ 2019 ​ ​ Average ​ Interest ​ Average ​ Interest ​ ​ Recorded ​ Income ​ Recorded ​ Income ​ ​ Investment ​ Recognized ​ Investment ​ Recognized Impaired loans with a valuation allowance: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Cash, Securities, and Other ​ $ 1 ​ $ — ​ $ 185 ​ $ — Commercial and Industrial ​ ​ 3,427 ​ ​ — ​ ​ 1,035 ​ ​ — Total ​ $ 3,428 ​ $ — ​ $ 1,220 ​ $ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Impaired loans with no related valuation allowance: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Cash, Securities, and Other ​ $ 779 ​ $ — ​ $ 5,062 ​ $ — Commercial and Industrial ​ ​ 6,462 ​ ​ 85 ​ ​ 5,958 ​ ​ 138 1-4 Family Residential ​ ​ — ​ ​ — ​ ​ 1,213 ​ ​ 26 Total ​ $ 7,241 ​ $ 85 ​ $ 12,233 ​ $ 164 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total impaired loans: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Cash, Securities, and Other ​ $ 780 ​ $ — ​ $ 5,247 ​ $ — Commercial and Industrial ​ ​ 9,889 ​ ​ 85 ​ ​ 6,993 ​ ​ 138 1-4 Family Residential ​ ​ — ​ ​ — ​ ​ 1,213 ​ ​ 26 Total ​ $ 10,669 ​ $ 85 ​ $ 13,453 ​ $ 164 ​ The average balance of impaired loans and interest income recognized on impaired loans during the nine months ended September 30, 2020 and 2019 are included in the table below (in thousands): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Nine Months Ended September 30, ​ ​ 2020 ​ 2019 ​ ​ Average ​ Interest ​ Average ​ Interest ​ ​ Recorded ​ Income ​ Recorded ​ Income ​ ​ Investment ​ Recognized ​ Investment ​ Recognized Impaired loans with a valuation allowance: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Cash, Securities, and Other ​ $ 1 ​ $ — ​ $ 185 ​ $ — Commercial and Industrial ​ ​ 3,462 ​ ​ — ​ ​ 1,310 ​ ​ — Total ​ $ 3,463 ​ $ — ​ $ 1,495 ​ $ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Impaired loans with no related valuation allowance: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Cash, Securities, and Other ​ $ 1,463 ​ $ — ​ S 8,088 ​ S — Commercial and Industrial ​ ​ 6,088 ​ ​ 250 ​ ​ 5,463 ​ ​ 326 1-4 Family Residential ​ ​ — ​ ​ — ​ ​ 1,213 ​ ​ 77 Total ​ $ 7,551 ​ $ 250 ​ $ 14,764 ​ $ 403 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total impaired loans: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Cash, Securities, and Other ​ $ 1,464 ​ $ — ​ $ 8,273 ​ $ — Commercial and Industrial ​ ​ 9,550 ​ ​ 250 ​ ​ 6,773 ​ ​ 326 1-4 Family Residential ​ ​ — ​ ​ — ​ ​ 1,213 ​ ​ 77 Total ​ $ 11,014 ​ $ 250 ​ $ 16,259 ​ $ 403
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 September 30, 2020 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Beginning balance ​ $ 2,425 ​ $ 484 ​ $ 2,708 ​ $ 1,483 ​ $ 760 ​ $ 2,494 ​ $ 10,354 Provision for (recovery of) loan losses ​ 192 ​ 249 ​ 392 ​ 207 ​ 309 ​ 147 ​ 1,496 Charge-offs ​ (6) ​ — ​ — ​ — ​ — ​ — ​ (6) Recoveries ​ 1 ​ — ​ — ​ — ​ — ​ — ​ 1 Ending balance ​ $ 2,612 ​ $ 733 ​ $ 3,100 ​ $ 1,690 ​ $ 1,069 ​ $ 2,641 ​ $ 11,845 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Changes in allowance for loan losses for the nine months ended September 30, 2020 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Beginning balance ​ $ 1,058 ​ $ 200 ​ $ 2,850 ​ $ 1,176 ​ $ 911 ​ $ 1,680 ​ $ 7,875 Provision for (recovery of) loan losses ​ 1,571 ​ 533 ​ 250 ​ 514 ​ 158 ​ 961 ​ 3,987 Charge-offs ​ (30) ​ — ​ — ​ — ​ — ​ — ​ (30) Recoveries ​ 13 ​ — ​ — ​ — ​ — ​ — ​ 13 Ending balance ​ $ 2,612 ​ $ 733 ​ $ 3,100 ​ $ 1,690 ​ $ 1,069 ​ $ 2,641 ​ $ 11,845 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Allowance for loan losses at September 30, 2020 allocated to loans evaluated for impairment: ​ ​ ​ ​ ​ ​ ​ Individually ​ $ 2 ​ $ — ​ $ — ​ $ — ​ $ — ​ $ 1,421 ​ $ 1,423 Collectively ​ 2,610 ​ 733 ​ 3,100 ​ 1,690 ​ 1,069 ​ 1,220 ​ 10,422 Ending balance ​ $ 2,612 ​ $ 733 ​ $ 3,100 ​ $ 1,690 ​ $ 1,069 ​ $ 2,641 ​ $ 11,845 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Loans at September 30, 2020, evaluated for impairment: ​ ​ ​ ​ ​ ​ ​ Individually ​ $ 66 ​ $ — ​ $ — ​ $ — ​ $ — ​ $ 9,815 ​ $ 9,881 Collectively ​ 371,415 ​ 105,717 ​ 446,959 ​ 243,564 ​ 154,138 ​ 175,810 ​ 1,497,603 Ending balance ​ $ 371,481 ​ $ 105,717 ​ $ 446,959 ​ $ 243,564 ​ $ 154,138 ​ $ 185,625 ​ $ 1,507,484 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 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 September 30, 2019 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Beginning balance ​ $ 1,049 ​ $ 290 ​ $ 2,650 ​ $ 1,086 ​ $ 800 ​ $ 1,700 ​ $ 7,575 Provision for (recovery of) loan losses ​ 258 ​ 18 ​ 27 ​ (68) ​ 76 ​ (211) ​ 100 Charge-offs ​ — ​ — ​ — ​ — ​ — ​ — ​ — Recoveries ​ — ​ — ​ — ​ — ​ — ​ — ​ — Ending balance ​ $ 1,307 ​ $ 308 ​ $ 2,677 ​ $ 1,018 ​ $ 876 ​ $ 1,489 ​ $ 7,675 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Changes in allowance for loan losses for the nine months ended September 30, 2019 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Beginning balance ​ $ 764 ​ $ 232 ​ $ 2,552 ​ $ 1,264 ​ $ 789 ​ $ 1,850 ​ $ 7,451 Provision for (recovery of) loan losses ​ 535 ​ 76 ​ 125 ​ (246) ​ 87 ​ (361) ​ 216 Charge-offs ​ — ​ — ​ — ​ — ​ — ​ — ​ — Recoveries ​ 8 ​ — ​ — ​ — ​ — ​ — ​ 8 Ending balance ​ $ 1,307 ​ $ 308 ​ $ 2,677 ​ $ 1,018 ​ $ 876 ​ $ 1,489 ​ $ 7,675 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 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 ​ ​ ​ ​ ​ September 30, 2020 Pass Mention Substandard ​ Total Cash, Securities and Other ​ $ 371,415 ​ $ — ​ $ 66 ​ $ 371,481 Construction and Development ​ 105,717 ​ — ​ — ​ 105,717 1-4 Family Residential ​ ​ 442,076 ​ ​ — ​ ​ 4,883 ​ ​ 446,959 Non-Owner Occupied CRE ​ ​ 232,010 ​ ​ 11,554 ​ ​ — ​ ​ 243,564 Owner Occupied CRE ​ ​ 153,656 ​ ​ 482 ​ ​ — ​ ​ 154,138 Commercial and Industrial ​ 173,061 ​ — ​ 12,564 ​ 185,625 Total ​ $ 1,477,935 ​ $ 12,036 ​ $ 17,513 ​ $ 1,507,484 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 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)	9 Months Ended
	Sep. 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 ​ ​ ​ ​ ​ September 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 for 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)	9 Months Ended
	Sep. 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). ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ September 30, ​ December 31, ​ ​ ​ 2020 ​ 2019 Lease Right-of-Use Assets Classification ​ ​ ​ ​ ​ ​ Operating lease right-of-use assets Other assets ​ $ 9,000 ​ $ 10,308 ​ ​ ​ ​ ​ ​ ​ ​ Lease Liabilities Classification ​ ​ ​ ​ ​ ​ Operating lease liabilities Other liabilities ​ $ 11,731 ​ $ 13,480
Schedule Of Weighted Average Lease Term And Discount Rate [Table Text Block]	​ ​ ​ ​ ​ ​ ​ ​ September 30, ​ December 31, ​ 2020 ​ 2019 Weighted-Average Remaining Lease Term ​ ​ ​ ​ ​ Operating leases 4.41 years ​ 4.91 years ​ ​ ​ ​ ​ ​ Weighted-Average Discount Rate ​ ​ ​ ​ ​ Operating leases 3.65 % ​ 3.71 %
Lease Costs	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three Months Ended September 30, ​ Nine Months Ended September 30, ​ 2020 ​ 2019 ​ 2020 ​ 2019 Lease Costs ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Operating lease cost $ 786 ​ $ 810 ​ $ 2,401 ​ $ 2,382 Variable lease cost ​ 557 ​ ​ 395 ​ ​ 1,516 ​ ​ 1,168 Sublease income ​ (33) ​ ​ (99) ​ ​ (232) ​ ​ (298) Lease costs, net $ 1,310 ​ $ 1,106 ​ $ 3,685 ​ $ 3,252
Schedule of Minimum Lease Payments Due	​ ​ ​ ​ ​ Twelve months Ended ​ Operating Leases September 30, 2021 ​ $ 3,082 September 30, 2022 ​ 2,804 September 30, 2023 ​ ​ 2,586 September 30, 2024 ​ 2,369 September 30, 2025 ​ 1,835 Thereafter ​ 26 Total future minimum lease payments ​ $ 12,702 Less: Imputed interest ​ ​ (971) Present value of net future minimum lease payments ​ $ 11,731

DEPOSITS (Tables)

DEPOSITS (Tables)	9 Months Ended
	Sep. 30, 2020
DEPOSITS
Schedule of interest bearing deposits	The following presents the Company’s interest-bearing deposits at the dates noted (in thousands): ​ ​ ​ ​ ​ ​ ​ ​ ​ September 30, ​ December 31, ​ 2020 2019 Money market deposit accounts ​ $ 805,634 ​ $ 615,575 Time deposits ​ 177,391 ​ 134,913 Negotiable order of withdrawal accounts ​ 101,708 ​ 91,921 Savings accounts ​ 5,976 ​ 4,307 Total interest-bearing deposits ​ $ 1,090,709 ​ $ 846,716 Aggregate time deposits of $250,000 or greater ​ $ 67,496 ​ $ 61,596

BORROWINGS (Tables)

BORROWINGS (Tables)	9 Months Ended
	Sep. 30, 2020
BORROWINGS
Schedule of borrowings from FHLB Topeka	The Company had the following borrowings from FHLB Topeka at the dates noted (in thousands): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ September 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)	9 Months Ended
	Sep. 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): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ September 30, 2020 ​ December 31, 2019 ​ Fixed Rate Variable Rate Fixed Rate Variable Rate Unused lines of credit ​ $ 74,726 ​ $ 327,326 ​ $ 32,896 ​ $ 290,653 Standby letters of credit ​ ​ 1,754 ​ ​ 17,324 ​ ​ 1,759 ​ ​ 24,197 Commitments to make loans to sell ​ ​ 419,035 ​ ​ — ​ ​ 47,354 ​ ​ — Commitments to make loans ​ $ 23,496 ​ $ 33,691 ​ $ — ​ $ —

SHAREHOLDERS EQUITY (Tables)

SHAREHOLDERS EQUITY (Tables)	9 Months Ended
	Sep. 30, 2020
SHAREHOLDERS EQUITY
Schedule of summarizes activity for nonqualified stock options	The following summarizes activity for nonqualified stock options for the nine months ended September 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 September 30, 2020 ​ 419,197 ​ $ 29.02 ​ 2.9 ​ (a) Options fully vested / exercisable at September 30, 2020 ​ 396,916 ​ $ 29.20 ​ 2.7 ​ (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	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Time ​ Financial ​ Market ​ ​ Vesting ​ Performance ​ Performance ​ Units Units Units Outstanding at December 31, 2019 ​ 209,444 ​ 69,426 ​ 14,862 Granted ​ 109,607 ​ 60,859 ​ - Vested ​ (54,112) ​ - ​ - Forfeited ​ (1,888) ​ (854) ​ - Outstanding at September 30, 2020 ​ 263,051 ​ 129,431 ​ 14,862

EARNINGS PER COMMON SHARE (Tabl

EARNINGS PER COMMON SHARE (Tables)	9 Months Ended
	Sep. 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 September 30, ​ Nine Months Ended September 30, ​ 2020 2019 2020 2019 Earnings per common share - Basic ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Numerator: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Net income ​ $ 9,630 $ 2,406 ​ $ 19,660 $ 5,437 Dividends on preferred stock ​ — ​ — ​ — ​ — Net income available for common shareholders ​ $ 9,630 $ 2,406 ​ $ 19,660 $ 5,437 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Denominator: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Basic weighted average shares ​ 7,911,871 7,890,794 ​ 7,888,675 7,882,221 Earnings per common share - basic ​ $ 1.22 ​ $ 0.30 ​ $ 2.49 ​ $ 0.69 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Earnings per common share - Diluted ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Numerator: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Net income ​ $ 9,630 $ 2,406 ​ $ 19,660 $ 5,437 Dividends on preferred stock ​ — ​ — ​ — ​ — Net income available for common shareholders ​ $ 9,630 $ 2,406 ​ $ 19,660 $ 5,437 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Denominator: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Basic weighted average shares ​ ​ 7,911,871 ​ ​ 7,890,794 ​ ​ 7,888,675 ​ ​ 7,882,221 Diluted effect of common stock equivalents: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Stock options ​ ​ — ​ ​ — ​ ​ — ​ ​ — Time Vesting Units ​ ​ 85,897 ​ ​ 10,702 ​ ​ 44,310 ​ ​ 4,942 Financial Performance Units ​ ​ 7,786 ​ ​ 123 ​ ​ 16,176 ​ ​ 41 Market Performance Units ​ ​ 13,453 ​ ​ 13,175 ​ ​ 13,347 ​ ​ 13,357 Restricted Stock Awards ​ ​ — ​ ​ — ​ ​ — ​ ​ — Total diluted effect of common stock equivalents ​ ​ 107,136 ​ ​ 24,000 ​ ​ 73,833 ​ ​ 18,340 Diluted weighted average shares ​ 8,019,007 7,914,794 ​ 7,962,508 7,900,561 Earnings per common share - diluted ​ $ 1.20 ​ $ 0.30 ​ $ 2.47 ​ $ 0.69
Schedule of Antidilutive securities	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three Months Ended September 30, ​ Nine Months Ended September 30, ​ ​ 2020 ​ 2019 ​ 2020 ​ 2019 Stock options ​ ​ 419,197 ​ ​ 423,197 ​ 419,197 ​ ​ 438,364 Time Vesting Units ​ ​ 82,600 ​ ​ 130,821 ​ 87,304 ​ ​ 163,141 Financial Performance Units ​ ​ 116,051 ​ ​ 55,028 ​ 70,769 ​ ​ 47,008 Restricted Stock Awards ​ ​ 21,054 ​ ​ 61,668 ​ 41,517 ​ ​ 83,713 Total potentially dilutive securities ​ ​ 638,902 ​ ​ 670,714 ​ 618,787 ​ ​ 732,226

RELATED-PARTY TRANSACTIONS (Tab

RELATED-PARTY TRANSACTIONS (Tables)	9 Months Ended
	Sep. 30, 2020
RELATED-PARTY TRANSACTIONS
Summary of related-party loan activity	​ ​ ​ ​ ​ ​ ​ ​ September 30, 2020 December 31, 2019 Balance, beginning of year ​ $ 5,675 ​ $ 2,659 Funded loans ​ 6,808 ​ 11,618 Payments collected ​ (7,161) ​ (8,602) Balance, end of year ​ $ 5,322 ​ $ 5,675

FAIR VALUE (Tables)

FAIR VALUE (Tables)	9 Months Ended
	Sep. 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 September 30, 2020 and December 31, 2019 (in thousands): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Quoted ​ ​ ​ ​ ​ ​ ​ ​ Prices in ​ Significant ​ ​ ​ ​ ​ ​ ​ ​ Active Markets ​ Other ​ Significant ​ ​ ​ ​ ​ for Identical ​ Observable ​ Unobservable ​ ​ ​ ​ ​ Assets ​ Inputs ​ Inputs ​ Reported September 30, 2020 ​ (Level 1) ​ (Level 2) ​ (Level 3) ​ Balance Investment securities available-for-sale: ​ ​ ​ ​ U.S. Treasury debt ​ $ 256 ​ $ — ​ $ — ​ $ 256 Corporate bonds ​ ​ — ​ ​ 2,048 ​ ​ — ​ ​ 2,048 GNMA mortgage-backed securities - residential ​ — ​ 29,788 ​ — ​ 29,788 FNMA mortgage-backed securities - residential ​ ​ — ​ ​ 2,716 ​ ​ — ​ ​ 2,716 Corporate CMO and MBS ​ — ​ 5,846 ​ — ​ 5,846 Total securities available-for-sale ​ $ 256 ​ $ 40,398 ​ $ — ​ $ 40,654 Equity securities ​ $ 732 ​ $ — ​ $ — ​ $ 732 Guarantee asset ​ $ — ​ $ — ​ $ 245 ​ $ 245 IRLC and FSC, net ​ $ — ​ $ — ​ $ 11,622 ​ $ 11,622 Guarantee liability ​ $ — ​ $ — ​ $ 153 ​ $ 153 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 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 September 30, 2020 Guarantee Asset IRLC and FSC, Net Guarantee Liability Beginning balance ​ $ 222 ​ $ 7,482 ​ $ 191 Gains (losses) in net income, net ​ ​ 39 ​ ​ 1,066 ​ ​ (38) Other settlements, net (1) ​ (16) ​ ​ 3,074 ​ ​ — Ending balance ​ $ 245 ​ $ 11,622 ​ $ 153 ______________________________________ (1) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Nine Months Ended September 30, 2020 Guarantee Asset IRLC and FSC, Net Guarantee Liability Beginning balance ​ $ — ​ $ 1,184 ​ $ — Sales ​ 245 ​ ​ — ​ ​ 244 Gains (losses) in net income, net ​ ​ 55 ​ ​ 1,713 ​ ​ (91) Other settlements, net (1) ​ (55) ​ ​ 8,725 ​ ​ — Ending balance ​ $ 245 ​ $ 11,622 ​ $ 153 ______________________________________ (1)
Summary of assets measured at fair value on nonrecurring basis	The following presents assets measured on a nonrecurring basis as of September 30, 2020 and December 31, 2019 (in thousands): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Quoted ​ ​ ​ ​ ​ Prices in ​ Significant ​ ​ ​ ​ ​ ​ ​ ​ Active Markets ​ Other ​ Significant ​ ​ ​ ​ ​ for Identical ​ Observable ​ Unobservable ​ ​ ​ ​ ​ Assets ​ Inputs ​ Inputs ​ Reported September 30, 2020 ​ (Level 1) ​ (Level 2) ​ (Level 3) ​ Balance Other real estate owned: ​ ​ ​ ​ Commercial properties ​ $ — ​ $ — ​ $ 558 ​ $ 558 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total impaired loans (1) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Commercial and Industrial ​ $ — ​ $ — ​ $ 1,998 ​ $ 1,998 ______________________________________ (1) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 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 September 30, 2020 and December 31, 2019 (dollars in thousands): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Quantitative Information about Level 3 Fair Value Measurements at September 30, 2020 ​ ​ ​ ​ ​ Valuation ​ Significant ​ Range ​ ​ Fair Value ​ Technique ​ Unobservable Input ​ (Weighted Average) Other real estate owned: ​ ​ ​ ​ Commercial properties ​ ​ 558 ​ ​ Sales contract ​ ​ Commission, cost to sell, closing costs ​ ​ 3% - 10% (7%) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total impaired loans (1) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Commercial and Industrial ​ ​ 1,998 ​ ​ Sales comparison, Market approach - guideline transaction method ​ ​ Management discount for asset/property type ​ ​ 17% - 20% (20%) ______________________________________ (1) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 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 September 30, 2020 and December 31, 2019 (in thousands): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Carrying ​ Fair Value Measurements Using: September 30, 2020 Amount Level 1 Level 2 Level 3 Assets: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Cash and cash equivalents ​ $ 250,358 ​ $ 250,358 ​ $ — ​ $ — Securities available-for-sale ​ 40,654 ​ 256 ​ 40,398 ​ — Loans, net ​ 1,494,231 ​ — ​ — ​ 1,493,863 Mortgage loans held for sale ​ 89,872 ​ — ​ 89,872 ​ — Accrued interest receivable ​ 6,730 ​ — ​ 6,730 ​ — Equity securities ​ ​ 732 ​ ​ 732 ​ ​ — ​ ​ — IRLC and FSC, net ​ ​ 11,622 ​ ​ — ​ ​ — ​ ​ 11,622 Guarantee asset ​ ​ 245 ​ ​ — ​ ​ — ​ ​ 245 Liabilities: ​ ​ ​ ​ Deposits ​ ​ 1,563,672 ​ ​ — ​ ​ 1,565,555 ​ ​ — Borrowings: ​ ​ ​ ​ FHLB Topeka Borrowings – fixed rate ​ 18,000 ​ — ​ 18,070 ​ — Federal Reserve Borrowings – fixed rate ​ 204,075 ​ — ​ 204,075 ​ — Subordinated notes – fixed-to-floating rate ​ 14,447 ​ — ​ — ​ 14,997 Accrued interest payable ​ ​ 347 ​ ​ — ​ ​ 347 ​ ​ — Guarantee liability ​ $ 153 ​ $ — ​ $ — ​ $ 153 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 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 ​ ​ — ​ ​ — IRLC and FSC, net ​ ​ 1,184 ​ ​ — ​ ​ — ​ ​ 1,184 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)	9 Months Ended
	Sep. 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): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ September 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 Assets in disposal groups held for sale ​ $ — ​ $ 3,000 ​ $ 3,000 ​ $ — ​ $ 3,553 ​ $ 3,553 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ LIABILITIES ​ ​ ​ ​ ​ ​ Other liabilities ​ $ — ​ $ 141 ​ $ 141 ​ $ — ​ $ 117 ​ $ 117 Liabilities in disposal groups held for sale ​ $ — ​ $ 141 ​ $ 141 ​ $ — ​ $ 117 ​ $ 117

SEGMENT REPORTING (Tables)

SEGMENT REPORTING (Tables)	9 Months Ended
	Sep. 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 September 30, 2020 and 2019 (in thousands): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three Months Ended September 30, 2020 ​ Wealth ​ Capital ​ Mortgage ​ Consolidated Income Statement ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total interest income $ 14,410 $ — $ — $ 14,410 Total interest expense ​ ​ 1,492 ​ ​ — ​ ​ — ​ ​ 1,492 Provision for loan losses ​ ​ 1,496 ​ ​ — ​ ​ — ​ ​ 1,496 Net interest income, after provision for loan losses ​ ​ 11,422 ​ ​ — ​ ​ — ​ ​ 11,422 Non-interest income ​ ​ 4,810 ​ ​ 899 ​ ​ 12,323 ​ ​ 18,032 Total income ​ ​ 16,232 ​ ​ 899 ​ ​ 12,323 ​ ​ 29,454 Depreciation and amortization expense ​ ​ 252 ​ 8 ​ 14 ​ 274 All other non-interest expense ​ ​ 13,664 ​ ​ 627 ​ ​ 2,067 ​ ​ 16,358 Income before income tax ​ $ 2,316 ​ $ 264 ​ $ 10,242 ​ $ 12,822 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Goodwill ​ $ 20,499 $ 3,692 $ — $ 24,191 Assets held for sale ​ ​ — ​ ​ 3,000 ​ ​ — ​ ​ 3,000 Total assets ​ $ 1,859,390 $ 8,358 $ 105,149 $ 1,972,897 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three Months Ended September 30, 2019 ​ Wealth ​ Capital Mortgage Consolidated Income Statement ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total interest income $ 11,473 ​ $ — $ — $ 11,473 Total interest expense ​ ​ 3,533 ​ ​ — ​ — ​ 3,533 Provision for loan losses ​ ​ 100 ​ ​ — ​ — ​ 100 Net interest income, after provision for loan losses ​ ​ 7,840 ​ ​ — ​ — ​ 7,840 Non-interest income ​ ​ 4,714 ​ ​ 776 ​ 3,298 ​ 8,788 Total income ​ ​ 12,554 ​ ​ 776 ​ 3,298 ​ 16,628 Depreciation and amortization expense ​ ​ 274 ​ ​ 22 ​ 55 ​ 351 All other non-interest expense ​ ​ 10,434 ​ ​ 701 ​ ​ 1,956 ​ 13,091 Income before income tax ​ $ 1,846 ​ $ 53 $ 1,287 $ 3,186 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Goodwill ​ $ 15,994 ​ $ 3,692 $ — $ 19,686 Assets held for sale ​ ​ — ​ ​ 3,553 ​ ​ — ​ ​ 3,553 Total assets ​ $ 1,195,340 ​ $ 8,528 $ 68,057 $ 1,271,925 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Nine Months Ended September 30, 2020 ​ Wealth ​ Capital ​ Mortgage ​ Consolidated Income Statement ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total interest income $ 38,392 $ — $ — $ 38,392 Total interest expense ​ ​ 5,747 ​ ​ — ​ — ​ 5,747 Provision for loan losses ​ ​ 3,987 ​ ​ — ​ — ​ 3,987 Net interest income, after provision for loan losses ​ ​ 28,658 ​ ​ — ​ — ​ 28,658 Non-interest income ​ ​ 13,710 ​ ​ 2,492 ​ 25,024 ​ 41,226 Total income ​ ​ 42,368 ​ ​ 2,492 ​ 25,024 ​ 69,884 Depreciation and amortization expense ​ ​ 718 ​ ​ 52 ​ 56 ​ 826 All other non-interest expense ​ ​ 34,619 ​ ​ 2,772 (1) ​ 5,706 ​ 43,097 Income (loss) before income tax ​ $ 7,031 ​ $ (332) $ 19,262 $ 25,961 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Goodwill ​ $ 20,499 ​ $ 3,692 $ — $ 24,191 Assets held for sale ​ ​ — ​ ​ 3,000 ​ — ​ 3,000 Total assets ​ $ 1,859,390 ​ $ 8,358 $ 105,149 $ 1,972,897 ______________________________________ (1) Includes loss on assets held for sale of $0.6 million and $0.2 million SEC penalty. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Nine Months Ended September 30, 2019 ​ Wealth ​ Capital Mortgage Consolidated Income Statement ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total interest income $ 33,698 ​ $ — $ — $ 33,698 Total interest expense ​ ​ 9,827 ​ ​ — ​ — ​ 9,827 Provision for loan losses ​ ​ 216 ​ ​ — ​ — ​ 216 Net interest income, after provision for loan losses ​ ​ 23,655 ​ ​ — ​ — ​ 23,655 Non-interest income ​ ​ 13,956 ​ ​ 2,339 ​ 8,053 ​ 24,348 Total income ​ ​ 37,611 ​ ​ 2,339 ​ 8,053 ​ 48,003 Depreciation and amortization expense ​ ​ 902 ​ ​ 248 ​ 197 ​ 1,347 All other non-interest expense ​ ​ 30,935 ​ ​ 3,709 (1) ​ 4,710 ​ 39,354 Income (loss) before income tax ​ $ 5,774 ​ $ (1,618) $ 3,146 $ 7,302 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Goodwill ​ $ 15,994 ​ $ 3,692 $ — $ 19,686 Assets held for sale ​ ​ — ​ ​ 3,553 ​ ​ — ​ ​ 3,553 Total assets ​ $ 1,195,340 ​ $ 8,528 $ 68,057 $ 1,271,925 ______________________________________ (1) Includes goodwill impairment charge of $1.6 million. (1)

REGULATORY CAPITAL MATTERS (Tab

REGULATORY CAPITAL MATTERS (Tables)	9 Months Ended
	Sep. 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 September 30, 2020 and December 31, 2019 (in thousands): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ To be Well Capitalized ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Under Prompt ​ ​ ​ ​ ​ ​ ​ Required for Capital ​ Corrective Action ​ ​ Actual ​ Adequacy Purposes (1) ​ Regulations September 30, 2020 Amount Ratio Amount Ratio Amount Ratio Tier 1 capital to risk-weighted assets ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Bank ​ $ 127,441 10.28 % $ 74,391 6.0 % $ 99,188 ​ 8.0 % Consolidated ​ ​ 122,987 ​ 9.88 ​ ​ N/A ​ N/A ​ ​ N/A ​ N/A ​ Common Equity Tier 1(CET1) to risk-weighted assets ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Bank ​ ​ 127,441 10.28 ​ ​ 55,793 4.5 ​ ​ 80,591 6.5 ​ Consolidated ​ ​ 122,987 ​ 9.88 ​ ​ N/A ​ N/A ​ ​ N/A ​ N/A ​ Total capital to risk-weighted assets ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Bank ​ ​ 139,647 11.26 ​ 99,188 8.0 ​ 123,985 10.0 ​ Consolidated ​ ​ 149,753 ​ 12.03 ​ ​ N/A ​ N/A ​ ​ N/A ​ N/A ​ Tier 1 capital to average assets ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Bank ​ ​ 127,441 7.81 ​ 65,233 4.0 ​ 81,542 5.0 ​ Consolidated ​ $ 122,987 ​ 7.52 % $ 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)	9 Months Ended	12 Months Ended
	Sep. 30, 2020	Dec. 31, 2019
Customer concentration | Loan portfolio
ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
Concentration risk (as a percent)	62.80%	71.70%

ACQUISITIONS (Details)

ACQUISITIONS (Details) $ in Thousands	May 15, 2020USD ($)item	Sep. 30, 2020USD ($)item	Dec. 31, 2019USD ($)	Sep. 30, 2019USD ($)	Dec. 31, 2018USD ($)
Business Acquisition [Line Items]
Goodwill		$ 24,191	$ 19,686	$ 19,686	$ 24,811
Simmons Bank
Business Acquisition [Line Items]
Number of branches acquired | item	3
Number of branches closed | item		2
Loan production offices acquired | item	1
Loan production offices closed | 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	Sep. 30, 2020	Dec. 31, 2019	Sep. 30, 2019	Dec. 31, 2018
Liabilities assumed
Goodwill		$ 24,191	$ 19,686	$ 19,686	$ 24,811
Total gross loans		1,507,484	996,559
Cash, Securities and Other
Liabilities assumed
Total gross loans		371,481	146,701
Construction and Development
Liabilities assumed
Total gross loans		105,717	28,120
1-4 Family Residential
Liabilities assumed
Total gross loans		446,959	400,134
Non-Owner Occupied CRE
Liabilities assumed
Total gross loans		243,564	165,179
Owner Occupied CRE
Liabilities assumed
Total gross loans		154,138	127,968
Commercial and Industrial
Liabilities assumed
Total gross loans		185,625	$ 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
Core deposit intangible	53
Accrued income and other assets	382
Total assets acquired	120,270
Liabilities assumed
Deposits	63,080	63,100
Accrued expenses and other liabilities	96
Total liabilities assumed	63,176
Net assets acquired	57,094
Goodwill	4,505
Total gross loans	120,642	124,700
Acquisition cost		$ 100
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
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	9 Months Ended	12 Months Ended
	Sep. 30, 2020	Dec. 31, 2019
Debt Securities, Available-for-sale [Line Items]
Amortized Cost	$ 39,546	$ 59,100
Gross Unrealized Gains	1,181	212
Gross Unrealized Losses	(73)	(409)
Fair Value	40,654	58,903
U.S. Treasury debt
Debt Securities, Available-for-sale [Line Items]
Amortized Cost	250	250
Gross Unrealized Gains	6	4
Fair Value	256	254
Corporate bonds
Debt Securities, Available-for-sale [Line Items]
Amortized Cost	2,000
Gross Unrealized Gains	48
Fair Value	2,048
Association ("GNMA") mortgage-backed securities - residential
Debt Securities, Available-for-sale [Line Items]
Amortized Cost	28,844	45,490
Gross Unrealized Gains	944	157
Gross Unrealized Losses		(335)
Fair Value	29,788	45,312
Federal National Mortgage Association ("FNMA") mortgage-backed securities - residential
Debt Securities, Available-for-sale [Line Items]
Amortized Cost	2,626	2,935
Gross Unrealized Gains	90	11
Gross Unrealized Losses		(29)
Fair Value	2,716	2,917
Corporate collateralized mortgage obligations ("CMO") and mortgage-backed securities ("MBS")
Debt Securities, Available-for-sale [Line Items]
Amortized Cost	5,826	10,425
Gross Unrealized Gains	93	40
Gross Unrealized Losses	(73)	(45)
Fair Value	5,846	10,420
Small Business Investment Company
Debt Securities, Available-for-sale [Line Items]
Payments to Acquire Investments	500	$ 400
Contractual Obligation	900
Other Assets [Member] | Small Business Investment Company
Debt Securities, Available-for-sale [Line Items]
Balance with SBIC included in other assets	$ 2,100

INVESTMENT SECURITIES - Amort_2

INVESTMENT SECURITIES - Amortized cost and estimated fair value of available-for-sale securities excluding SBIC (Details) $ in Thousands	9 Months Ended	12 Months Ended
	Sep. 30, 2020USD ($)security	Dec. 31, 2019USD ($)security
Debt Securities, Available-for-sale [Line Items]
Amortized Cost	$ 39,546	$ 59,100
Fair Value	40,654	58,903
Debt available for sale securities pledged as collateral	$ 4,200	$ 5,500
Threshold Percentage Of Shareholders Equity Amount Held As Securities By One Issuer	10.00%	10.00%
Unrealized loss	$ 73	$ 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 after ten years, amortized cost	2,000
Due within one year through five years fair value	256
Due after ten years, fair value	2,048
Mortgage-related securities, amortized cost	37,296
Mortgage-related securities, fair value	38,350
Amortized Cost	39,546
Fair Value	$ 40,654
Number of securities in unrealized loss position | security	7	26
Number of securities in continuous unrealized loss position for more than twelve months | security	2

INVESTMENT SECURITIES - Securit

INVESTMENT SECURITIES - Securities with unrealized losses (Details) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2019	Sep. 30, 2020	Dec. 31, 2019
Debt Securities, Available-for-sale [Line Items]
Less than 12 months, Fair Value		$ 1,553	$ 35,983
Less than 12 months, Unrealized Losses		(54)	(238)
12 months or Longer, Fair Value		590	6,797
12 months or Longer, Unrealized Losses		(19)	(171)
Total Fair Value		2,143	42,780
Total Unrealized Losses		(73)	(409)
Sales	$ 7,506
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)
Securities issued by U.S. government sponsored entities and agencies
Debt Securities, Available-for-sale [Line Items]
Sales	7,500
Realized gains	$ 100
Corporate collateralized mortgage obligations ("CMO") and mortgage-backed securities ("MBS")
Debt Securities, Available-for-sale [Line Items]
Less than 12 months, Fair Value		1,553	7,780
Less than 12 months, Unrealized Losses		(54)	(45)
12 months or Longer, Fair Value		590
12 months or Longer, Unrealized Losses		(19)
Total Fair Value		2,143	7,780
Total Unrealized Losses		$ (73)	$ (45)

LOANS AND THE ALLOWANCE FOR L_3

LOANS AND THE ALLOWANCE FOR LOAN LOSSES - Summary of loans (Details) $ in Thousands	9 Months Ended
	Sep. 30, 2020USD ($)loan	May 15, 2020USD ($)	Dec. 31, 2019USD ($)
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total gross loans	$ 1,507,484		$ 996,559
Deferred costs, net	(1,408)		1,448
Allowance for loan losses	(11,845)		(7,875)
Net loans	1,494,231		990,132
Loans, net	1,494,231		990,132
Simmons Bank
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total gross loans	124,700	$ 120,642
Cash, Securities and Other
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total gross loans	371,481		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	105,717		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	446,959		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	243,564		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	154,138		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	185,625		$ 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	206,100
Paycheck Protection Program Loan [Member] | Cash, Securities and Other
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total gross loans	$ 206,100
Percent of Loans on Total Loan Segment	55.50%
COVID-19 [Member] | MSLP loan
Accounts, Notes, Loans and Financing Receivable [Line Items]
Net loans	$ 2,400
Loans, net	$ 2,400
Number of loans | loan	1

LOANS AND THE ALLOWANCE FOR L_4

LOANS AND THE ALLOWANCE FOR LOAN LOSSES -Loan Modifications (Details)	9 Months Ended
	Sep. 30, 2020USD ($)loan	Dec. 31, 2019USD ($)
Accounts, Notes, Loans and Financing Receivable [Line Items]
Outstanding Balance of Modified Loans	$ 66,738,000
Total gross loans	$ 1,507,484,000	$ 996,559,000
# of Loans Modified | loan	44
% of Total Loan Balance Modified	4.43%
Percentage of probability	50.00%
Percentage of reduction in collateral position	20.00%
Portion of loan portfolio exposed to high risk industries impacted by Covid-19	$ 3
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	$ 1,496,000
Total gross loans	$ 371,481,000	146,701,000
# of Loans Modified | loan	1
% of Total Loan Balance Modified	0.40%
Construction and Development
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total gross loans	$ 105,717,000	28,120,000
1-4 Family Residential
Accounts, Notes, Loans and Financing Receivable [Line Items]
Outstanding Balance of Modified Loans	4,441,000
Total gross loans	$ 446,959,000	400,134,000
# of Loans Modified | loan	6
% of Total Loan Balance Modified	0.99%
Non-Owner Occupied CRE
Accounts, Notes, Loans and Financing Receivable [Line Items]
Outstanding Balance of Modified Loans	$ 38,229,000
Total gross loans	$ 243,564,000	165,179,000
# of Loans Modified | loan	22
% of Total Loan Balance Modified	15.70%
Owner Occupied CRE
Accounts, Notes, Loans and Financing Receivable [Line Items]
Outstanding Balance of Modified Loans	$ 17,524,000
Total gross loans	$ 154,138,000	127,968,000
# of Loans Modified | loan	10
% of Total Loan Balance Modified	11.37%
Commercial and Industrial
Accounts, Notes, Loans and Financing Receivable [Line Items]
Outstanding Balance of Modified Loans	$ 5,048,000
Total gross loans	$ 185,625,000	$ 128,457,000
# of Loans Modified | loan	5
% of Total Loan Balance Modified	2.72%

LOANS AND THE ALLOWANCE FOR L_5

LOANS AND THE ALLOWANCE FOR LOAN LOSSES - Aging analysis of recorded investments by class (Details) - USD ($) $ in Thousands	Sep. 30, 2020	Dec. 31, 2019
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total past due	$ 11,399	$ 10,230
Total current	1,496,085	986,329
Total Recorded Investment	1,507,484	996,559
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	6,457	6,213
60-89 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total past due	1,197	3,110
90 or More Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total past due	3,745	907
Cash, Securities and Other
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total past due	96	525
Total current	371,385	146,176
Total Recorded Investment	371,481	146,701
Cash, Securities and Other | 30-59 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total past due	30	525
Cash, Securities and Other | 90 or More Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total past due	66
Construction and Development
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total current	105,717	28,120
Total Recorded Investment	105,717	28,120
1-4 Family Residential
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total past due	6,080	5,688
Total current	440,879	394,446
Total Recorded Investment	446,959	400,134
1-4 Family Residential | 30-59 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total past due	4,883	5,688
1-4 Family Residential | 60-89 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total past due	1,197
Non-Owner Occupied CRE
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total past due	1,022
Total current	242,542	165,179
Total Recorded Investment	243,564	165,179
Non-Owner Occupied CRE | 30-59 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total past due	1,022
Owner Occupied CRE
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total current	154,138	127,968
Total Recorded Investment	154,138	127,968
Commercial and Industrial
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total past due	4,201	4,017
Total current	181,424	124,440
Total Recorded Investment	185,625	128,457
Commercial and Industrial | 30-59 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total past due	522
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	$ 3,679	$ 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	Sep. 30, 2020	Dec. 31, 2019
Accounts, Notes, Loans and Financing Receivable [Line Items]
Non-accrual loans	$ 3,745	$ 7,215
Recorded investments	3,700	7,200
Cash, Securities and Other
Accounts, Notes, Loans and Financing Receivable [Line Items]
Non-accrual loans	66	2,803
Commercial and Industrial
Accounts, Notes, Loans and Financing Receivable [Line Items]
Non-accrual loans	$ 3,679	$ 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	9 Months Ended	12 Months Ended
	Sep. 30, 2020USD ($)loan	Dec. 31, 2019USD ($)loan
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Recorded Investment	$ 9,881	$ 12,270
Allowance for loan associated with TDR	(1,423)	(833)
Net recorded investment	8,458	11,437
Additional funds to loans classified as TDRs	1,300	$ 200
Cash collateral received	$ 1,500
Number of contracts modified | loan	1	2
Cash, Securities and Other
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Recorded Investment	$ 66	$ 2,803
Allowance for loan associated with TDR	(2)
Commercial and Industrial
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Recorded Investment	9,815	9,467
Allowance for loan associated with TDR	(1,421)	(833)
Accrual Loans | Commercial and Industrial
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Recorded Investment	6,136	5,055
Loans on nonaccrual status | Cash, Securities and Other
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Recorded Investment	64	2,803
Loans on nonaccrual status | Commercial and Industrial
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Recorded Investment	$ 3,679	$ 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		9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019	Dec. 31, 2019
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Recorded Investment With Allowance	$ 3,421		$ 3,421		$ 4,412
Total Recorded Investment With No Allowance	6,460		6,460		7,858
Total Recorded Investment	9,881		9,881		12,270
Unpaid Contractual Principal Balance with a valuation Allowance	3,421		3,421		4,412
Unpaid Contractual Principal Balance with no related valuation Allowance	6,460		6,460		7,858
Unpaid Contractual Principal Balance	9,881		9,881		12,270
Allowance for Loan Losses	1,423		1,423		833
Average Recorded Investment with Allowance	3,428	$ 1,220	3,463	$ 1,495
Average Recorded Investment with No Allowance	7,241	12,233	7,551	14,764
Average Recorded Investment	10,669	13,453	11,014	16,259
Interest Income Recognized with No Allowance	85	164	250	403
Interest Income Recognized	85	164	250	403
Commercial and Industrial
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Recorded Investment With Allowance	3,419		3,419		4,412
Total Recorded Investment With No Allowance	6,396		6,396		5,055
Total Recorded Investment	9,815		9,815		9,467
Unpaid Contractual Principal Balance with a valuation Allowance	3,419		3,419		4,412
Unpaid Contractual Principal Balance with no related valuation Allowance	6,396		6,396		5,055
Unpaid Contractual Principal Balance	9,815		9,815		9,467
Allowance for Loan Losses	1,421		1,421		833
Average Recorded Investment with Allowance	3,427	1,035	3,462	1,310
Average Recorded Investment with No Allowance	6,462	5,958	6,088	5,463
Average Recorded Investment	9,889	6,993	9,550	6,773
Interest Income Recognized with No Allowance	85	138	250	326
Interest Income Recognized	85	138	250	326
Cash, Securities and Other
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Recorded Investment With Allowance	2		2
Total Recorded Investment With No Allowance	64		64		2,803
Total Recorded Investment	66		66		2,803
Unpaid Contractual Principal Balance with a valuation Allowance	2		2
Unpaid Contractual Principal Balance with no related valuation Allowance	64		64		2,803
Unpaid Contractual Principal Balance	66		66		$ 2,803
Allowance for Loan Losses	2		2
Average Recorded Investment with Allowance	1	185	1	185
Average Recorded Investment with No Allowance	779	5,062	1,463	8,088
Average Recorded Investment	$ 780	5,247	$ 1,464	8,273
1-4 Family Residential
Accounts, Notes, Loans and Financing Receivable [Line Items]
Average Recorded Investment with No Allowance		1,213		1,213
Average Recorded Investment		1,213		1,213
Interest Income Recognized with No Allowance		26		77
Interest Income Recognized		$ 26		$ 77

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		9 Months Ended		12 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019	Dec. 31, 2019
Financing Receivable, Allowance for Credit Losses [Roll Forward]
Beginning balance	$ 10,354	$ 7,575	$ 7,875	$ 7,451	$ 7,451
Provision for (recovery of) credit losses	1,496	100	3,987	216
Charge-offs	(6)		(30)
Recoveries	1		13	8
Ending balance	11,845	7,675	11,845	7,675	7,875
Individually evaluated	1,423		1,423		833
Collectively evaluated	10,422		10,422		7,042
Loans individually evaluated	9,881		9,881		12,270
Loans collectively evaluated	1,497,603		1,497,603		984,289
Total Recorded Investment	1,507,484		1,507,484		996,559
Provision for loan losses			4,000	200
Cash, Securities and Other
Financing Receivable, Allowance for Credit Losses [Roll Forward]
Beginning balance	2,425	1,049	1,058	764	764
Provision for (recovery of) credit losses	192	258	1,571	535
Charge-offs	(6)		(30)
Recoveries	1		13	8
Ending balance	2,612	1,307	2,612	1,307	1,058
Individually evaluated	2		2
Collectively evaluated	2,610		2,610		1,058
Loans individually evaluated	66		66		2,803
Loans collectively evaluated	371,415		371,415		143,898
Total Recorded Investment	371,481		371,481		146,701
Construction and Development
Financing Receivable, Allowance for Credit Losses [Roll Forward]
Beginning balance	484	290	200	232	232
Provision for (recovery of) credit losses	249	18	533	76
Ending balance	733	308	733	308	200
Collectively evaluated	733		733		200
Loans collectively evaluated	105,717		105,717		28,120
Total Recorded Investment	105,717		105,717		28,120
1-4 Family Residential
Financing Receivable, Allowance for Credit Losses [Roll Forward]
Beginning balance	2,708	2,650	2,850	2,552	2,552
Provision for (recovery of) credit losses	392	27	250	125
Ending balance	3,100	2,677	3,100	2,677	2,850
Collectively evaluated	3,100		3,100		2,850
Loans collectively evaluated	446,959		446,959		400,134
Total Recorded Investment	446,959		446,959		400,134
Non-Owner Occupied CRE
Financing Receivable, Allowance for Credit Losses [Roll Forward]
Beginning balance	1,483	1,086	1,176	1,264	1,264
Provision for (recovery of) credit losses	207	(68)	514	(246)
Ending balance	1,690	1,018	1,690	1,018	1,176
Collectively evaluated	1,690		1,690		1,176
Loans collectively evaluated	243,564		243,564		165,179
Total Recorded Investment	243,564		243,564		165,179
Owner Occupied CRE
Financing Receivable, Allowance for Credit Losses [Roll Forward]
Beginning balance	760	800	911	789	789
Provision for (recovery of) credit losses	309	76	158	87
Ending balance	1,069	876	1,069	876	911
Collectively evaluated	1,069		1,069		911
Loans collectively evaluated	154,138		154,138		127,968
Total Recorded Investment	154,138		154,138		127,968
Commercial and Industrial
Financing Receivable, Allowance for Credit Losses [Roll Forward]
Beginning balance	2,494	1,700	1,680	1,850	1,850
Provision for (recovery of) credit losses	147	(211)	961	(361)
Ending balance	2,641	$ 1,489	2,641	$ 1,489	1,680
Individually evaluated	1,421		1,421		833
Collectively evaluated	1,220		1,220		847
Loans individually evaluated	9,815		9,815		9,467
Loans collectively evaluated	175,810		175,810		118,990
Total Recorded Investment	$ 185,625		$ 185,625		$ 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	Sep. 30, 2020	Dec. 31, 2019
Financing Receivable, Recorded Investment [Line Items]
Total gross loans	$ 1,507,484	$ 996,559
Pass
Financing Receivable, Recorded Investment [Line Items]
Total gross loans	1,477,935	973,472
Special Mention
Financing Receivable, Recorded Investment [Line Items]
Total gross loans	12,036	1,158
Substandard
Financing Receivable, Recorded Investment [Line Items]
Total gross loans	17,513	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	371,481	146,701
Cash, Securities and Other | Pass
Financing Receivable, Recorded Investment [Line Items]
Total gross loans	371,415	143,898
Cash, Securities and Other | Substandard
Financing Receivable, Recorded Investment [Line Items]
Total gross loans	66	2,803
Construction and Development
Financing Receivable, Recorded Investment [Line Items]
Total gross loans	105,717	28,120
Construction and Development | Pass
Financing Receivable, Recorded Investment [Line Items]
Total gross loans	105,717	28,120
1-4 Family Residential
Financing Receivable, Recorded Investment [Line Items]
Total gross loans	446,959	400,134
1-4 Family Residential | Pass
Financing Receivable, Recorded Investment [Line Items]
Total gross loans	442,076	395,224
1-4 Family Residential | Substandard
Financing Receivable, Recorded Investment [Line Items]
Total gross loans	4,883	4,910
Non-Owner Occupied CRE
Financing Receivable, Recorded Investment [Line Items]
Total gross loans	243,564	165,179
Non-Owner Occupied CRE | Pass
Financing Receivable, Recorded Investment [Line Items]
Total gross loans	232,010	164,021
Non-Owner Occupied CRE | Special Mention
Financing Receivable, Recorded Investment [Line Items]
Total gross loans	11,554	1,158
Owner Occupied CRE
Financing Receivable, Recorded Investment [Line Items]
Total gross loans	154,138	127,968
Owner Occupied CRE | Pass
Financing Receivable, Recorded Investment [Line Items]
Total gross loans	153,656	127,968
Owner Occupied CRE | Special Mention
Financing Receivable, Recorded Investment [Line Items]
Total gross loans	482
Commercial and Industrial
Financing Receivable, Recorded Investment [Line Items]
Total gross loans	185,625	128,457
Commercial and Industrial | Pass
Financing Receivable, Recorded Investment [Line Items]
Total gross loans	173,061	114,241
Commercial and Industrial | Substandard
Financing Receivable, Recorded Investment [Line Items]
Total gross loans	$ 12,564	$ 14,216

GOODWILL (Details)

GOODWILL (Details) - USD ($) $ in Thousands	3 Months Ended	9 Months Ended		12 Months Ended
	Sep. 30, 2020	Sep. 30, 2020	Sep. 30, 2019	Dec. 31, 2019
Goodwill [Roll Forward]
Beginning balance		$ 19,686	$ 24,811	$ 24,811
Impairment			(1,572)	(1,572)
Reclass to held or sale				(3,553)
Acquisition activity		4,505
Ending balance	$ 24,191	24,191	19,686	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	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	$ 3,692	$ 3,692	$ 3,692

LEASES - Leases Balance Sheets

LEASES - Leases Balance Sheets Location (Details) - USD ($) $ in Thousands	Sep. 30, 2020	Dec. 31, 2019	Jan. 01, 2019
Operating lease right-of-use asset	$ 9,000	$ 10,308
Operating lease liability	$ 11,731	$ 13,480
Weighted-Average Remaining Lease Term - Operating leases	4 years 4 months 28 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		9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019
LEASES
Operating lease cost	$ 786	$ 810	$ 2,401	$ 2,382
Variable lease cost	557	395	1,516	1,168
Sublease income	(33)	(99)	(232)	(298)
Lease costs, net	$ 1,310	$ 1,106	$ 3,685	$ 3,252

LEASES - Lease Maturity (Detail

LEASES - Lease Maturity (Details) - USD ($) $ in Thousands	Sep. 30, 2020	Dec. 31, 2019
LEASES
September 30, 2021	$ 3,082
September 30, 2022	2,804
September 30, 2023	2,586
September 30, 2024	2,369
September 30, 2025	1,835
Thereafter	26
Total future minimum lease payments	12,702
Less: Imputed interest	(971)
Present value of net future minimum lease payments	$ 11,731	$ 13,480

DEPOSITS (Details)

DEPOSITS (Details) - USD ($) $ in Thousands	Sep. 30, 2020	May 15, 2020	Dec. 31, 2019
Time Deposits [Line Items]
Money market deposit accounts	$ 805,634		$ 615,575
Time deposits	177,391		134,913
Negotiable order of withdrawal accounts	101,708		91,921
Savings accounts	5,976		4,307
Total interest bearing deposits	1,090,709		846,716
Aggregate time deposits of $250,000 or greater	67,496		$ 61,596
Simmons Bank
Time Deposits [Line Items]
Deposits acquired via acquisitions	$ 63,100	$ 63,080

BORROWINGS (Details)

BORROWINGS (Details)	9 Months Ended		12 Months Ended
	Sep. 30, 2020USD ($)	Sep. 30, 2019	Dec. 31, 2019USD ($)	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	$ 1,507,484,000		$ 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%
Credit Note [Member]
BORROWINGS
Amount outstanding	$ 0		0
Face amount	$ 5,000,000		5,000,000
interest rate (as a percent)	2.50%
Paycheck Protection Program Loan [Member]
BORROWINGS
Total gross loans	$ 204,100,000
FHLB Topeka
BORROWINGS
Amount of collateral pledged	612,100,000		515,500,000
Available balance	$ 401,900,000
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	Sep. 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		$ 74,726	$ 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		419,035	47,354
Commitments to make loans-Fixed
COMMITMENTS AND CONTINGENCIES
Other commitment		23,496
Unused lines of credit-Variable
COMMITMENTS AND CONTINGENCIES
Other commitment		327,326	290,653
Standby letters of credit-Variable
COMMITMENTS AND CONTINGENCIES
Other commitment		17,324	$ 24,197
Commitments to make loans-Variable
COMMITMENTS AND CONTINGENCIES
Other commitment		$ 33,691

SHAREHOLDERS EQUITY - Common St

SHAREHOLDERS EQUITY - Common Stock (Details) - $ / shares	3 Months Ended	9 Months Ended	12 Months Ended
	Sep. 30, 2020	Sep. 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		9 Months Ended		12 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 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	$ 0.5	$ 0.3	$ 0.7
Unrecognized compensation expense	0.6		$ 0.6
Unrecognized compensation expense recognition period (in years)			1 year 6 months
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		$ 0.1		$ 0.6
Shares non-vested	14,114		14,114		38,518
Number of stock awards vested			30,088
Financial Performance Units Granted From May 1, 2019 Through April 30, 2020
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Recognized compensation expense			$ 0.2	0.1
Unrecognized compensation expense recognition period (in years)			3 years 3 months 18 days
Financial Performance Units Granted From May 1, 2019 Through April 30, 2020
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Recognized compensation expense	$ 0.1	0.1
Stock options
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Recognized compensation expense	$ 0.1	$ 0.1	$ 0.2	$ 0.2

SHAREHOLDERS EQUITY - Stock b_2

SHAREHOLDERS EQUITY - Stock based compensation - Stock Options (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019
Stock options
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock-based compensation expense	$ 0.1	$ 0.1	$ 0.2	$ 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	504,397		504,397
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	9 Months Ended		12 Months Ended
	Sep. 30, 2020	Sep. 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	2 years 10 months 24 days
Options fully vested / exercisable at December 31, 2019	2 years 8 months 12 days
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 Thousands	3 Months Ended		9 Months Ended		12 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 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)	6,196		19,852	7,835
Stock surrendered to cover employee withholding taxes				$ 100
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)			109,607
Vested (in shares)			(54,112)
Forfeited (in shares)			(1,888)
Outstanding at end of year	263,051		263,051		209,444
Stock issued (in shares)	12,725		34,260
Stock surrendered to cover employee withholding taxes	$ 100		$ 300
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)			60,859
Forfeited (in shares)			(854)
Outstanding at end of year	129,431		129,431		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		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		9 Months Ended		12 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 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			$ 12.84
Granted (in shares)			109,607
Stock-based compensation expense	0.4	$ 0.3	$ 1	$ 0.7
Unrecognized compensation expense	$ 3.8		$ 3.8
Unrecognized compensation expense recognition period (in years)			2 years
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)			109,607

SHAREHOLDERS EQUITY - Stock b_6

SHAREHOLDERS EQUITY - Stock based compensation - Financial Performance Units (Details) - USD ($) $ in Millions	May 01, 2020	May 01, 2019	Sep. 30, 2020	Sep. 30, 2019	Sep. 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		$ 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)					60,859
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		10,000
Unrecognized compensation expense			$ 0.1		$ 0.1
Unrecognized compensation expense recognition period (in years)					1 year 3 months 18 days
Employee Service Share-based Compensation, Nonvested Awards, Compensation Cost Not yet Recognized, Period for Recognition					1 year 3 months 18 days
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 Granted 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		86,200
Stock-based compensation expense			$ 0.1	$ 0.1
Financial Performance Units Grante From May 1, 2020 Through June 30, 2020
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Granted (in shares)			699
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)					58,993
Maximum percentage of shares can be issued					150.00%
Maximum number of shares can be issued			87,900		87,900
Stock-based compensation expense			$ 0.1		$ 0.1
Unrecognized compensation expense			$ 0.7		$ 0.7
Unrecognized compensation expense recognition period (in years)					4 years 3 months 18 days
Employee Service Share-based Compensation, Nonvested Awards, Compensation Cost Not yet Recognized, Period for Recognition					4 years 3 months 18 days
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	9 Months Ended
	Sep. 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)	1 year 9 months 18 days

EARNINGS PER COMMON SHARE (Deta

EARNINGS PER COMMON SHARE (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019
Numerator:
Net income	$ 9,630	$ 2,406	$ 19,660	$ 5,437
Net income available for common shareholders	$ 9,630	$ 2,406	$ 19,660	$ 5,437
Denominator:
Basic weighted average shares	7,911,871	7,890,794	7,888,675	7,882,221
Earnings per common share - basic	$ 1.22	$ 0.30	$ 2.49	$ 0.69
Numerator:
Net income	$ 9,630	$ 2,406	$ 19,660	$ 5,437
Net income available for common shareholders	$ 9,630	$ 2,406	$ 19,660	$ 5,437
Denominator:
Basic weighted average shares	7,911,871	7,890,794	7,888,675	7,882,221
Diluted effect of common stock equivalents:
Total diluted effect of common stock equivalents	107,136	24,000	73,833	18,340
Diluted weighted average shares	8,019,007	7,914,794	7,962,508	7,900,561
Earnings per common share - diluted	$ 1.20	$ 0.30	$ 2.47	$ 0.69
Time Vesting Units
Diluted effect of common stock equivalents:
Diluted effect of common stock equivalents	85,897	10,702	44,310	4,942
Financial Performance Units
Diluted effect of common stock equivalents:
Diluted effect of common stock equivalents	7,786	123	16,176	41
Market Performance Units
Diluted effect of common stock equivalents:
Diluted effect of common stock equivalents	13,453	13,175	13,347	13,357

EARNINGS PER COMMON SHARE - Ant

EARNINGS PER COMMON SHARE - Anti-dilutive Securities (Details) - shares	3 Months Ended		9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019
EARNINGS PER COMMON SHARE
Total potentially dilutive securities	638,902	670,714	618,787	732,226
Stock options
EARNINGS PER COMMON SHARE
Total potentially dilutive securities	419,197	423,197	419,197	438,364
Time Vesting Units
EARNINGS PER COMMON SHARE
Total potentially dilutive securities	82,600	130,821	87,304	163,141
Financial Performance Units
EARNINGS PER COMMON SHARE
Total potentially dilutive securities	116,051	55,028	70,769	47,008
Restricted Stock Awards
EARNINGS PER COMMON SHARE
Total potentially dilutive securities	21,054	61,668	41,517	83,713

INCOME TAXES (Details)

INCOME TAXES (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019
INCOME TAXES
Income tax provision	$ 3,192	$ 780	$ 6,301	$ 1,865
Effective income tax rate	24.90%	24.50%	24.30%	25.50%

RELATED-PARTY TRANSACTIONS (Det

RELATED-PARTY TRANSACTIONS (Details) - USD ($) $ in Thousands	9 Months Ended		12 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Dec. 31, 2019
Summary of related party loan activity
Balance, beginning of year	$ 5,675	$ 2,659	$ 2,659
Funded loans	6,808		11,618
Payments collected	(7,161)		(8,602)
Balance, end of year	5,322		5,675
Deposits from related parties	21,800		$ 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	Sep. 30, 2020	Dec. 31, 2019
Summary of assets measured on a recurring and nonrecurring basis
Available-for-sale securities, at fair value	$ 40,654	$ 58,903
U.S. Treasury debt
Summary of assets measured on a recurring and nonrecurring basis
Available-for-sale securities, at fair value	256	254
Corporate bonds
Summary of assets measured on a recurring and nonrecurring basis
Available-for-sale securities, at fair value	2,048
Recurring
Summary of assets measured on a recurring and nonrecurring basis
Available-for-sale securities, at fair value	40,654	58,903
Equity securities	732	713
Guarantee asset	245
Guarantee liability	153
Recurring | U.S. Treasury debt
Summary of assets measured on a recurring and nonrecurring basis
Available-for-sale securities, at fair value	256	254
Recurring | Corporate bonds
Summary of assets measured on a recurring and nonrecurring basis
Available-for-sale securities, at fair value	2,048
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	5,846	10,420
Recurring | Interest rate lock and forward delivery commitments
Summary of assets measured on a recurring and nonrecurring basis
Derivative asset, Fair value	11,622	1,184
Recurring | GNMA
Summary of assets measured on a recurring and nonrecurring basis
Available-for-sale securities, at fair value	29,788	45,312
Recurring | FNMA
Summary of assets measured on a recurring and nonrecurring basis
Available-for-sale securities, at fair value	2,716	2,917
Level 1 | Recurring
Summary of assets measured on a recurring and nonrecurring basis
Available-for-sale securities, at fair value	256	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	256	254
Level 2 | Recurring
Summary of assets measured on a recurring and nonrecurring basis
Available-for-sale securities, at fair value	40,398	58,649
Level 2 | Recurring | Corporate bonds
Summary of assets measured on a recurring and nonrecurring basis
Available-for-sale securities, at fair value	2,048
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	5,846	10,420
Level 2 | Recurring | GNMA
Summary of assets measured on a recurring and nonrecurring basis
Available-for-sale securities, at fair value	29,788	45,312
Level 2 | Recurring | FNMA
Summary of assets measured on a recurring and nonrecurring basis
Available-for-sale securities, at fair value	2,716	2,917
Level 3 | Recurring
Summary of assets measured on a recurring and nonrecurring basis
Guarantee asset	245
Guarantee liability	153
Level 3 | Recurring | Interest rate lock and forward delivery commitments
Summary of assets measured on a recurring and nonrecurring basis
Derivative asset, Fair value	$ 11,622	$ 1,184

FAIR VALUE - Summary of asset_2

FAIR VALUE - Summary of assets measured at fair value on recurring basis (Details) - USD ($) $ in Thousands	3 Months Ended	9 Months Ended
	Sep. 30, 2020	Sep. 30, 2020
Guarantee asset
Guarantee asset, Beginning balance	$ 222
Guarantee asset, Sales		$ 245
Guarantee asset, Gains (losses) in net (loss) income, net	39	55
Guarantee asset, Other settlements, net	(16)	(55)
Guarantee asset, Ending balance	245	245
IRLC and FSC, net
IRLC and FSC, net, Beginning balance	7,482	1,184
IRLC and FSC, net, Gains (losses) in net (loss) income, net	1,066	1,713
IRLC and FSC, net Other settlements, net	3,074	8,725
IRLC and FSC, net, Ending balance	11,622	11,622
Guarantee liability
Guarantee liability, Beginning balance	191
Guarantee liability, Sales		244
Guarantee liability, Gains (losses) in net (loss) income, net	(38)	(91)
Guarantee liability, Ending balance	$ 153	$ 153

FAIR VALUE - Summary of asset_3

FAIR VALUE - Summary of assets measured at level 3 fair value on recurring basis (Details) - USD ($) $ in Thousands	9 Months Ended		12 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Dec. 31, 2019
Summary of assets measured on a recurring and nonrecurring basis
Available-for-sale securities, at fair value	$ 40,654		$ 58,903
Other real estate owned valuation allowance			1,800
Impaired Financing Receivable, with Related Allowance, Recorded Investment	3,421		4,412
Loans and Leases Receivable, Allowance	11,845		7,875
Bank charged off			200
Other real estate owned, gross			2,400
Provision for loan losses	4,000	$ 200
Other real estate owned	558		658
Net recorded investment	8,458		11,437
U.S. Treasury debt
Summary of assets measured on a recurring and nonrecurring basis
Available-for-sale securities, at fair value	256		254
Recurring
Summary of assets measured on a recurring and nonrecurring basis
Available-for-sale securities, at fair value	40,654		58,903
Equity securities	732		713
Guarantee asset	245
Recurring | U.S. Treasury debt
Summary of assets measured on a recurring and nonrecurring basis
Available-for-sale securities, at fair value	256		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	5,846		10,420
Recurring | Interest rate lock and forward delivery commitments
Summary of assets measured on a recurring and nonrecurring basis
Derivative asset, Fair value	11,622		1,184
Recurring | GNMA
Summary of assets measured on a recurring and nonrecurring basis
Available-for-sale securities, at fair value	29,788		45,312
Recurring | FNMA
Summary of assets measured on a recurring and nonrecurring basis
Available-for-sale securities, at fair value	2,716		2,917
Level 1 | Recurring
Summary of assets measured on a recurring and nonrecurring basis
Available-for-sale securities, at fair value	256		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	256		254
Level 2 | Recurring
Summary of assets measured on a recurring and nonrecurring basis
Available-for-sale securities, at fair value	40,398		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	5,846		10,420
Level 2 | Recurring | GNMA
Summary of assets measured on a recurring and nonrecurring basis
Available-for-sale securities, at fair value	29,788		45,312
Level 2 | Recurring | FNMA
Summary of assets measured on a recurring and nonrecurring basis
Available-for-sale securities, at fair value	2,716		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	1,400		800
Provision for loan losses	1,400		800
Level 3 | Recurring
Summary of assets measured on a recurring and nonrecurring basis
Guarantee asset	245
Level 3 | Recurring | Interest rate lock and forward delivery commitments
Summary of assets measured on a recurring and nonrecurring basis
Derivative asset, Fair value	11,622		1,184
Commercial properties | Nonrecurring
Summary of assets measured on a recurring and nonrecurring basis
Other real estate owned	558		658
Commercial properties | Level 3 | Nonrecurring
Summary of assets measured on a recurring and nonrecurring basis
Other real estate owned	558		658
Commercial and Industrial | Nonrecurring
Summary of assets measured on a recurring and nonrecurring basis
Net recorded investment	1,998		3,579
Commercial and Industrial | Level 3 | Nonrecurring
Summary of assets measured on a recurring and nonrecurring basis
Net recorded investment	$ 1,998		$ 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	Sep. 30, 2020	Dec. 31, 2019
Commercial properties
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets, Fair Value Estimate	$ 558	$ 658
Commercial and Industrial
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets, Fair Value Estimate	$ 1,998	$ 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%
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	20.00%	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	3.00%	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	17.00%	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%
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	20.00%	23.00%

FAIR VALUE - Summary of carryin

FAIR VALUE - Summary of carrying amounts and estimated fair values for financial instruments (Details) - USD ($) $ in Thousands	Sep. 30, 2020	Jun. 30, 2020	Dec. 31, 2019	Sep. 30, 2019	Dec. 31, 2018
Assets
Cash and cash equivalents	$ 250,358		$ 78,638	$ 146,176	$ 73,357
Fair Value	40,654		58,903
Loans, net	1,494,231		990,132
Mortgage loans held for sale	89,872		48,312
Accrued interest receivable	6,730		3,048
IRLC and FSC, net	11,622	$ 7,482	1,184
Other assets	28,738		16,544
Liabilities
Deposits	1,563,672		1,086,784
FHLB Topeka Borrowings - fixed rate	222,075		10,000
Subordinated notes	14,447		6,560
Accrued interest payable	347		299
Carrying Amount
Assets
Cash and cash equivalents	250,358		78,638
Fair Value	40,654		58,903
Loans, net	1,494,231		990,132
Mortgage loans held for sale	89,872		48,312
Accrued interest receivable	6,730		3,048
Equity securities	732		713
IRLC and FSC, net	11,622		1,184
Guarantee asset	245
Liabilities
Deposits	1,563,672		1,086,784
FHLB Topeka Borrowings - fixed rate	18,000		10,000
Federal Reserve Borrowings - fixed rate	204,075
Accrued interest payable	347		299
Guarantee liability	153
Subordinated notes - fixed-to-floating rate | Carrying Amount
Liabilities
Subordinated notes	14,447		6,560
Level 1 | Estimated Fair Value
Assets
Cash and cash equivalents	250,358		78,638
Fair Value	256		254
Equity securities	732		713
Level 2 | Estimated Fair Value
Assets
Fair Value	40,398		58,649
Mortgage loans held for sale	89,872		48,312
Accrued interest receivable	6,730		3,048
Liabilities
Deposits	1,565,555		1,089,261
FHLB Topeka Borrowings - fixed rate	18,070		10,003
Federal Reserve Borrowings - fixed rate	204,075
Accrued interest payable	347		299
Level 3 | Estimated Fair Value
Assets
Loans, net	1,493,863		974,142
IRLC and FSC, net	11,622		1,184
Guarantee asset	245
Liabilities
Guarantee liability	153
Level 3 | Subordinated notes - fixed-to-floating rate | Estimated Fair Value
Liabilities
Subordinated notes	$ 14,997		$ 6,004

ASSETS AND OTHER LIABILITIES _3

ASSETS AND OTHER LIABILITIES CLASSIFIED AS HELD FOR SALE (Details) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Dec. 31, 2019
ASSETS
Assets in disposal groups held for sale	$ 3,000	$ 3,553	$ 3,553
LIABILITIES
Liabilities in disposal groups held for sale	141		117
Loss on intangibles held for sale	(553)	1,600
Disposal Group, Held-for-sale, Not Discontinued Operations
ASSETS
Goodwill	3,000		3,553
Assets in disposal groups held for sale	3,000		3,553
LIABILITIES
Other liabilities	141		117
Liabilities in disposal groups held for sale	141		117
Loss on intangibles held for sale	600
Capital Management
ASSETS
Assets in disposal groups held for sale	3,000	$ 3,553
Capital Management | Disposal Group, Held-for-sale, Not Discontinued Operations
ASSETS
Goodwill	3,000		3,553
Assets in disposal groups held for sale	3,000		3,553
LIABILITIES
Other liabilities	141		117
Liabilities in disposal groups held for sale	$ 141		$ 117

SEGMENT REPORTING (Details)

SEGMENT REPORTING (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended		12 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019	Dec. 31, 2019	Dec. 31, 2018
Income Statement
Total interest income	$ 14,410	$ 11,473	$ 38,392	$ 33,698
Total interest expense	1,492	3,533	5,747	9,827
Provision for loan losses	1,496	100	3,987	216
Net interest income, after provision for loan losses	11,422	7,840	28,658	23,655
Non-interest income	18,032	8,788	41,226	24,348
Total income	29,454	16,628	69,884	48,003
Depreciation and amortization expense	274	351	826	1,347
All other non-interest expense	16,358	13,091	43,097	39,354
Income before income taxes	12,822	3,186	25,961	7,302
Segment reporting
Goodwill	24,191	19,686	24,191	19,686	$ 19,686	$ 24,811
Assets held for sale	3,000	3,553	3,000	3,553	3,553
Total assets	1,972,897	1,271,925	1,972,897	1,271,925	1,251,682
Goodwill impairment				1,572	1,572
Loss on intangibles held for sale			(553)	1,600
SEC Penalty			200
Wealth Management
Income Statement
Total interest income	14,410	11,473	38,392	33,698
Total interest expense	1,492	3,533	5,747	9,827
Provision for loan losses	1,496	100	3,987	216
Net interest income, after provision for loan losses	11,422	7,840	28,658	23,655
Non-interest income	4,810	4,714	13,710	13,956
Total income	16,232	12,554	42,368	37,611
Depreciation and amortization expense	252	274	718	902
All other non-interest expense	13,664	10,434	34,619	30,935
Income before income taxes	2,316	1,846	7,031	5,774
Segment reporting
Goodwill	20,499	15,994	20,499	15,994	15,994	15,994
Total assets	1,859,390	1,195,340	1,859,390	1,195,340
Capital Management
Income Statement
Non-interest income	899	776	2,492	2,339
Total income	899	776	2,492	2,339
Depreciation and amortization expense	8	22	52	248
All other non-interest expense	627	701	2,772	3,709
Income before income taxes	264	53	(332)	(1,618)
Segment reporting
Goodwill	3,692	3,692	3,692	3,692	3,692	$ 8,817
Assets held for sale	3,000	3,553	3,000	3,553
Total assets	8,358	8,528	8,358	8,528
Goodwill impairment					$ 1,572
Mortgage
Income Statement
Non-interest income	12,323	3,298	25,024	8,053
Total income	12,323	3,298	25,024	8,053
Depreciation and amortization expense	14	55	56	197
All other non-interest expense	2,067	1,956	5,706	4,710
Income before income taxes	10,242	1,287	19,262	3,146
Segment reporting
Total assets	$ 105,149	$ 68,057	$ 105,149	$ 68,057

REGULATORY CAPITAL MATTERS (Det

REGULATORY CAPITAL MATTERS (Details) $ in Thousands	9 Months Ended
	Sep. 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	$ 122,987	$ 105,821
Actual Ratio (as a percent)	9.88%	11.31%
Tier 1 capital to risk-weighted assets
Actual Amount	$ 122,987	$ 105,821
Actual Ratio (as a percent)	9.88%	11.31%
Required for Capital Adequacy Purposes Amount (as a percent)	8.50%
Total capital to risk-weighted assets
Actual Amount	$ 149,753	$ 120,429
Actual Ratio (as a percent)	12.03%	12.87%
Required for Capital Adequacy Purposes Ratio (as a percent)	10.50%
Tier 1 capital to average assets
Actual Amount	$ 122,987	$ 105,821
Actual Ratio (as a percent)	7.52%	8.58%
Bank
Common Equity Tier 1 (CET 1) to risk-weighted assets
Actual Amount	$ 127,441	$ 99,461
Actual Ratio (as a percent)	10.28%	10.67%
Required for Capital Adequacy Purposes Amount	$ 74,391	$ 41,966
Required for Capital Adequacy Purposes Ratio (as a percent)	6.00%	4.50%
To be Well Capitalized Under Prompt Corrective Action Regulations Amount	$ 99,188	$ 60,617
To be Well Capitalized Under Prompt Corrective Action Regulations Ratio (as a percent)	8.00%	6.50%
Tier 1 capital to risk-weighted assets
Actual Amount	$ 127,441	$ 99,461
Actual Ratio (as a percent)	10.28%	10.67%
Required for Capital Adequacy Purposes Amount	$ 55,793	$ 55,954
Required for Capital Adequacy Purposes Amount (as a percent)	4.50%	6.00%
To be Well Capitalized Under Prompt Corrective Action Regulations Amount	$ 80,591	$ 74,606
To be Well Capitalized Under Prompt Corrective Action Regulations Ratio (as a percent)	6.50%	8.00%
Total capital to risk-weighted assets
Actual Amount	$ 139,647	$ 107,509
Actual Ratio (as a percent)	11.26%	11.53%
Required for Capital Adequacy Purposes Amount	$ 99,188	$ 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	$ 123,985	$ 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	$ 127,441	$ 99,461
Actual Ratio (as a percent)	7.81%	8.09%
Required for Capital Adequacy Purposes Amount	$ 65,233	$ 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	$ 81,542	$ 61,458
Tier One Leverage Capital Required to be Well Capitalized to Average Assets	5.00%	5.00%

SUBSEQUENT EVENTS (Details)

SUBSEQUENT EVENTS (Details)	Nov. 03, 2020USD ($)
Subsequent events [Member]
Subsequent Event [Line Items]
Stock Repurchase Program, Authorized Amount	$ 400,000