Franklin Financial Network (FSB) 10-Q 7 May 20 2020 Q1 Quarterly report Financial data

Cover

Cover - shares	3 Months Ended
	Mar. 31, 2020	Apr. 29, 2020
Cover [Abstract]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Mar. 31, 2020
Document Transition Report	false
Entity File Number	001-36895
Entity Registrant Name	FRANKLIN FINANCIAL NETWORK, INC.
Entity Incorporation, State or Country Code	TN
Entity Tax Identification Number	20-8839445
Entity Address, Address Line One	722 Columbia Avenue
Entity Address, City or Town	Franklin
Entity Address, State or Province	TN
Entity Address, Postal Zip Code	37064
City Area Code	615
Local Phone Number	236-2265
Title of 12(b) Security	Common Stock, no par value
Trading Symbol	FSB
Security Exchange Name	NYSE
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		14,919,433
Amendment Flag	false
Document Fiscal Year Focus	2020
Document Fiscal Period Focus	Q1
Entity Central Index Key	0001407067
Current Fiscal Year End Date	--12-31

CONSOLIDATED BALANCE SHEETS

CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Mar. 31, 2020	Dec. 31, 2019
ASSETS
Cash and due from financial institutions	$ 173,482	$ 234,991
Certificates of deposit at other financial institutions	3,345	3,590
Securities available for sale	543,225	652,132
Loans held for sale, at fair value	42,682	43,162
Loans held for investment	2,855,768	2,812,444
Allowance for loan losses	38,403	45,436
Net loans	2,817,365	2,767,008
Restricted equity securities, at cost	24,844	24,802
Premises and equipment, net	48,470	12,141
Accrued interest receivable	12,043	12,362
Bank owned life insurance	57,082	56,726
Deferred tax asset	12,846	14,229
Servicing rights, net	3,057	3,246
Goodwill	18,176	18,176
Core deposit intangible, net	354	448
Other assets	34,630	53,149
Total assets	3,791,601	3,896,162
Deposits
Non-interest bearing	387,195	319,373
Interest bearing	2,750,276	2,888,211
Total deposits	3,137,471	3,207,584
Federal Home Loan Bank advances	135,000	155,000
Subordinated notes, net	58,916	58,872
Accrued interest payable	3,179	4,201
Other liabilities	48,187	60,079
Total liabilities	3,382,753	3,485,736
Commitments and Contingencies (Note 9)
Equity
Preferred stock, no par value: 1.0 million shares authorized; no shares outstanding at March 31, 2020 and December 31, 2019	0	0
Common stock, no par value: 30.0 million authorized; 14.9 million issued and outstanding at March 31, 2020 and 14.8 million issued and outstanding December 31, 2019, respectively	277,341	275,412
Retained earnings	131,061	133,102
Accumulated other comprehensive income	353	1,819
Total shareholders’ equity	408,755	410,333
Non-controlling interest in consolidated subsidiary	93	93
Total equity	408,848	410,426
Total liabilities and equity	$ 3,791,601	$ 3,896,162

CONSOLIDATED BALANCE SHEETS (Pa

CONSOLIDATED BALANCE SHEETS (Parenthetical) - shares	Mar. 31, 2020	Dec. 31, 2019
Statement of Financial Position [Abstract]
Preferred stock, shares authorized (in shares)	1,000,000	1,000,000
Preferred stock, shares outstanding (in shares)	0	0
Common stock shares authorized (in shares)	30,000,000	30,000,000
Common stock shares issued (in shares)	14,900,000	14,800,000
Common stock shares outstanding (in shares)	14,900,000	14,800,000

CONSOLIDATED STATEMENTS OF INCO

CONSOLIDATED STATEMENTS OF INCOME (Unaudited) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Interest income and dividends
Loans, including fees	$ 37,038	$ 38,338
Securities:
Taxable	2,424	6,394
Tax-Exempt	1,383	1,470
Dividends on restricted equity securities	162	334
Federal funds sold and other	600	987
Total interest income	41,607	47,523
Interest expense
Deposits	12,246	16,990
Federal funds purchased and repurchase agreements	14	72
Federal Home Loan Bank advances and other borrowings	801	1,959
Subordinated notes	1,082	1,082
Total interest expense	14,143	20,103
Net interest income	27,464	27,420
Provision for loan losses	13,022	5,055
Net interest income after provision for loan losses	14,442	22,365
Noninterest income
Mortgage banking revenue	2,685	1,672
Gain on sale or call of securities	1,396	149
Net loss on sale of loans held for investment	(416)	(217)
Total noninterest income	5,893	3,486
Noninterest expense
Salaries and employee benefits	12,580	14,743
Occupancy and equipment	3,086	3,113
FDIC assessment (income) expense	450	990
Marketing	245	319
Professional fees	3,068	923
Amortization of core deposit intangible	94	145
Other	2,898	2,383
Total noninterest expense	22,421	22,616
(Loss) income before income tax expense	(2,086)	3,235
Income tax (benefit) expense	(938)	334
Net (loss) income	(1,148)	2,901
Earnings attributable to noncontrolling interest	0	0
Net (loss) income available to common shareholders	$ (1,148)	$ 2,901
(Loss) earnings per share:
Basic (in dollars per share)	$ (0.08)	$ 0.20
Diluted (in dollars per share)	$ (0.08)	$ 0.19
Service charges on deposit accounts
Noninterest income
Total noninterest income	$ 92	$ 74
Other service charges and fees
Noninterest income
Total noninterest income	897	757
Wealth management
Noninterest income
Total noninterest income	814	627
Net gain on sale of foreclosed assets
Noninterest income
Total noninterest income	2	4
Other
Noninterest income
Total noninterest income	$ 423	$ 420

CONSOLIDATED STATEMENTS OF COMP

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (Unaudited) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Statement of Comprehensive Income [Abstract]
Net (loss) income	$ (1,148)	$ 2,901
Unrealized gains/losses on securities:
Unrealized holding gains (losses) arising during the period	1,739	13,111
Reclassification adjustment for losses (gains) on sales, calls, and prepayments of securities included in net income	(1,396)	(149)
Tax effect, includes $365 and $58, respectively, income tax (benefit) expense from sales of securities	(80)	(4,208)
Net unrealized gains (losses) on securities	263	8,754
Unrealized gain/loss on cash flow hedge:
Unrealized holding gain (loss) arising during the period	(2,341)	0
Tax effect	612	0
Net unrealized gains (losses) on cash flow hedge	(1,729)	0
Total other comprehensive (loss) income	(1,466)	8,754
Comprehensive (loss) income	(2,614)	11,655
Other Comprehensive Income (Loss), Securities, Available-for-sale, Tax	$ 365	$ 58

CONSOLIDATED STATEMENTS OF CO_2

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (Parenthetical) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Statement of Comprehensive Income [Abstract]
Other Comprehensive Income (Loss), Securities, Available-for-sale, Tax	$ 365	$ 58

CONSOLIDATED STATEMENTS OF CHAN

CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY (Unaudited) - USD ($) $ in Thousands	Total	Common Stock	Retained Earnings	Accumulated Other Comprehensive Income (Loss)	Noncontrolling Interest	Preferred Stock
Beginning balance (in shares) at Dec. 31, 2018		14,538,085				0
Beginning balance at Dec. 31, 2018	$ 372,833	$ 264,905	$ 123,176	$ (15,341)	$ 93
Exercise of common stock options, includes net settlement of shares (in shares)		35,046
Exercise of common stock options, includes net settlement of shares	524	$ 524
Stock based compensation expense, net of restricted share forfeitures	1,329	$ 1,329
Issuance of restricted stock awards, net of forfeitures (in shares)		1,208
Cash dividends - common stock	(583)		(583)
Net (loss) income	2,901		2,901
Other comprehensive income	8,754			8,754
Ending balance (in shares) at Mar. 31, 2019		14,574,339				0
Ending balance at Mar. 31, 2019	383,514	$ 266,758	123,250	(6,587)	93
Beginning balance (in shares) at Dec. 31, 2019		14,821,594				0
Beginning balance at Dec. 31, 2019	410,426	$ 275,412	133,102	1,819	93
Exercise of common stock options, includes net settlement of shares (in shares)		37,416
Exercise of common stock options, includes net settlement of shares	417	$ 417
Stock based compensation expense, net of restricted share forfeitures	1,512	$ 1,512
Issuance of restricted stock awards, net of forfeitures (in shares)		694
Cash dividends - common stock	(893)		(893)
Net (loss) income	(1,148)		(1,148)
Other comprehensive income	(1,466)			(1,466)
Ending balance (in shares) at Mar. 31, 2020		14,859,704				0
Ending balance at Mar. 31, 2020	$ 408,848	$ 277,341	$ 131,061	$ 353	$ 93

CONSOLIDATED STATEMENTS OF CH_2

CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY (Unaudited) (Parenthetical) - $ / shares	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Statement of Stockholders' Equity [Abstract]
Common stock dividends (in dollars per share)	$ 0.06	$ 0.04

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Cash flows from operating activities
Net (loss) income	$ (1,148)	$ 2,901
Adjustments to reconcile net income to net cash from operating activities
Depreciation and amortization on premises and equipment	585	410
Accretion of purchase accounting adjustments	(108)	(172)
Net amortization of securities	1,335	1,212
Amortization of loan servicing right asset	358	225
Amortization of core deposit intangible	94	145
Amortization of debt issuance costs	44	45
Provision for loan losses	13,022	5,055
Impairment charges on loan servicing right asset	225	0
Deferred income tax benefit	1,914	(2,115)
Excess tax benefit related to stock compensation	(210)	(113)
Origination of loans held for sale	(186,974)	(85,008)
Proceeds from sale of loans held for sale	188,952	75,791
Net gain on sale of loans held for sale	(1,892)	(1,598)
(Gain) Loss on sale of loans held for investment	416	223
Gain on sale of available for sale securities	(1,396)	(149)
Income from bank owned life insurance	(356)	(375)
Stock-based compensation	1,512	1,329
Deferred gain on sale of loans	(4)	(4)
Deferred gain on sale of foreclosed assets	(2)	(4)
Net change in:
Accrued interest receivable and other assets	(361)	(12,900)
Accrued interest payable and other liabilities	(4,248)	3,646
Net cash from operating activities	11,758	(11,456)
Securities available for sale :
Sales and calls	102,426	259,613
Purchases	(369)	(80,360)
Maturities and prepayments	15,663	62,050
Securities held to maturity :
Maturities, prepayments and calls	0	2,448
Net change in loans	(87,662)	(142,678)
Proceeds from sale of loans held for investment	23,975	0
Purchase of restricted equity securities	(42)	(972)
Purchases of premises and equipment, net	(36,914)	(721)
Decrease in certificates of deposits at other financial institutions	245	0
Net cash from investing activities	17,322	99,380
Cash flows from financing activities
(Decrease) increase in deposits	(70,113)	(115,964)
Proceeds from Federal Home Loan Bank advances	95,000	190,000
Repayment of Federal Home Loan Bank advances	(115,000)	(142,000)
Proceeds from exercise of common stock options	417	524
Dividends paid on common stock	(893)	(583)
Net cash from financing activities	(90,589)	(68,023)
Net change in cash and cash equivalents	(61,509)	19,901
Cash and cash equivalents at beginning of period	234,991	280,212
Cash and cash equivalents at end of period	173,482	300,113
Supplemental information:
Interest paid	15,166	19,762
Income taxes paid	0	1,428
Non-cash supplemental information:
Establishment and extinguishment of lease liability and right-of use asset	(20,243)	43,723
Transfers from securities held to maturity to securities available for sale	$ 0	$ 1,206

LOANS

LOANS	3 Months Ended
	Mar. 31, 2020
Receivables [Abstract]
LOANS	LOANS Loans at March 31, 2020 and December 31, 2019 were as follows: March 31, December 31, Loans Construction and land development $ 627,178 $ 591,541 Commercial real estate: Nonfarm, nonresidential 955,348 944,021 Other 42,610 49,891 Residential real estate: Closed-end 1-4 family 456,610 455,920 Other 191,976 187,681 Commercial and industrial 581,598 582,641 Consumer and other 4,454 4,769 Loans before net deferred loan fees 2,859,774 2,816,464 Deferred loan fees, net (4,006) (4,020) Total loans 2,855,768 2,812,444 Allowance for loan losses (38,403) (45,436) Total loans, net of allowance for loan losses $ 2,817,365 $ 2,767,008 The following table presents the activity in the allowance for loan losses by portfolio segment for the three-month periods ended March 31, 2020 and 2019: Construction Commercial Residential Commercial Consumer Total Three Months Ended March 31, 2020 Allowance for loan losses: Beginning balance $ 4,847 $ 8,113 $ 4,462 $ 27,957 $ 57 $ 45,436 Provision for loan losses 1,570 905 312 10,222 13 13,022 Loans charged-off — — (8) (20,501) (21) (20,530) Recoveries — — 1 468 6 475 Total ending allowance balance $ 6,417 $ 9,018 $ 4,767 $ 18,146 $ 55 $ 38,403 Three Months Ended March 31, 2019 Allowance for loan losses: Beginning balance $ 4,743 $ 6,725 $ 4,743 $ 7,166 $ 74 $ 23,451 Provision for loan losses (1) 302 80 4,631 43 5,055 Loans charged-off — — (15) (568) (70) (653) Recoveries — — 2 — 2 4 Total ending allowance balance $ 4,742 $ 7,027 $ 4,810 $ 11,229 $ 49 $ 27,857 The following table presents the balance in the allowance for loan losses and the recorded investment in loans by portfolio segment and based on impairment method as of March 31, 2020 and December 31, 2019. For purposes of this disclosure, recorded investment in loans excludes accrued interest receivable and net deferred loan fees due to immateriality. Construction Commercial Residential Commercial Consumer Total March 31, 2020 Allowance for loan losses: Ending allowance balance attributable to loans: Individually evaluated for impairment $ — $ — $ — $ 6,760 $ — $ 6,760 Collectively evaluated for impairment 6,417 9,018 4,767 11,386 55 31,643 Total ending allowance balance $ 6,417 $ 9,018 $ 4,767 $ 18,146 $ 55 $ 38,403 Loans: Individually evaluated for impairment $ — $ 3,460 $ 3,255 $ 20,719 $ — $ 27,434 Collectively evaluated for impairment 627,178 994,498 645,331 560,879 4,454 2,832,340 Total ending loans balance $ 627,178 $ 997,958 $ 648,586 $ 581,598 $ 4,454 $ 2,859,774 December 31, 2019 Allowance for loan losses: Ending allowance balance attributable to loans: Individually evaluated for impairment $ — $ — $ 17 $ 20,754 $ — $ 20,771 Collectively evaluated for impairment 4,847 8,113 4,445 7,203 57 24,665 Total ending allowance balance $ 4,847 $ 8,113 $ 4,462 $ 27,957 $ 57 $ 45,436 Loans: Individually evaluated for impairment $ 30 $ — $ 2,477 $ 24,528 $ — $ 27,035 Collectively evaluated for impairment 591,511 993,912 641,124 558,113 4,769 2,789,429 Total ending loans balance $ 591,541 $ 993,912 $ 643,601 $ 582,641 $ 4,769 $ 2,816,464 Loans collectively evaluated for impairment reported at March 31, 2020 include certain acquired loans. At March 31, 2020, these non-purchased credit impaired (PCI) loans had a carrying value of $51,882, comprised of contractually unpaid principal totaling $52,588 and discounts totaling $706. Management evaluated these loans for credit deterioration since acquisition and determined that an allowance for loan losses of $56 was necessary at March 31, 2020. The following table presents information related to impaired loans by class of loans as of March 31, 2020 and December 31, 2019: Unpaid Recorded Allowance for March 31, 2020 With no allowance recorded: Commercial real estate: Nonfarm, nonresidential $ 3,460 $ 3,460 $ — Residential real estate: Closed-end 1-4 family 950 942 — Other 2,313 2,313 — Commercial and industrial 13,391 13,391 — Subtotal 20,114 20,106 — With an allowance recorded: Commercial and industrial 7,328 7,328 6,760 Subtotal 7,328 7,328 6,760 Total $ 27,442 $ 27,434 $ 6,760 December 31, 2019 With no allowance recorded: Construction and land development $ 30 $ 30 $ — Residential real estate: Closed-end 1-4 family 319 311 — Other 1,523 1,523 — Commercial and industrial 11 11 — Subtotal 1,883 1,875 — With an allowance recorded: Residential real estate: Closed-end 1-4 family 643 643 17 Commercial and industrial 24,517 24,517 20,754 Subtotal 25,160 25,160 20,771 Total $ 27,043 $ 27,035 $ 20,771 The following table presents the average recorded investment of impaired loans by class of loans for the three months ended March 31, 2020 and 2019: Three Months Ended Average Recorded Investment 2020 2019 With no allowance recorded: Construction and land development $ 10 $ 768 Commercial real estate: Nonfarm, nonresidential 4,584 51 Residential real estate: Closed-end 1-4 family 1,260 806 Other 2,840 1,264 Commercial and industrial 19,162 — Subtotal $ 27,856 $ 2,889 With an allowance recorded: Construction and land development $ — $ 183 Commercial real estate: Nonfarm, nonresidential 156 — Residential real estate: Closed-end 1-4 family 213 — Commercial and industrial — 3,170 Subtotal 369 3,353 Total average recorded investment $ 28,225 $ 6,242 The impact on net interest income for these loans was not material to the Company’s results of operations for the three months ended March 31, 2020 and 2019. The following table presents the recorded investment in nonaccrual loans and loans past due over 90 days still on accrual by class of loans as of March 31, 2020 and December 31, 2019: Nonaccrual Loans Past Due March 31, 2020 Commercial real estate: Nonfarm, nonresidential $ 3,460 $ — Residential real estate: Closed-end 1-4 family 942 — Other 2,313 — Commercial and industrial 20,719 — Total $ 27,434 $ — December 31, 2019 Construction and land development $ 30 $ — Residential real estate: Closed-end 1-4 family 954 — Other 1,523 — Commercial and industrial 24,528 654 Total $ 27,035 $ 654 Nonaccrual loans and loans past due 90 days still on accrual include both smaller balance homogeneous loans that are collectively evaluated for impairment and individually classified impaired loans. The following table presents the aging of the recorded investment in past due loans as of March 31, 2020 and December 31, 2019 by class of loans: 30-59 60-89 Greater Total Loans Total March 31, 2020 Construction and land development $ 1,753 $ 2,484 $ — $ 4,237 $ 622,941 $ 627,178 Commercial real estate: Nonfarm, nonresidential 8,149 — 3,460 11,609 943,739 955,348 Other — — — — 42,610 42,610 Residential real estate: Closed-end 1-4 family 4,729 2 — 4,731 451,879 456,610 Other 916 — 395 1,311 190,665 191,976 Commercial and industrial 3,857 619 15,311 19,787 561,811 581,598 Consumer and other — — — — 4,454 4,454 $ 19,404 $ 3,105 $ 19,166 $ 41,675 $ 2,818,099 $ 2,859,774 December 31, 2019 Construction and land development $ 508 $ — $ 30 $ 538 $ 591,003 $ 591,541 Commercial real estate: Nonfarm, nonresidential 3,981 — — 3,981 940,040 944,021 Other — — — — 49,891 49,891 Residential real estate: Closed-end 1-4 family 2,688 224 8 2,920 453,000 455,920 Other 85 961 555 1,601 186,080 187,681 Commercial and industrial 663 7,156 735 8,554 574,087 582,641 Consumer and other — — — — 4,769 4,769 $ 7,925 $ 8,341 $ 1,328 $ 17,594 $ 2,798,870 $ 2,816,464 Credit Quality Indicators: The Company categorizes loans into risk categories based on relevant information about the ability of 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 as to credit risk. This analysis includes non-homogeneous loans, such as commercial and commercial real estate loans as well as non-homogeneous residential real estate loans. This analysis is performed on a quarterly basis. The Company uses the following definitions for risk ratings: Special Mention. Loans classified as special mention have a potential weakness that deserves management’s close attention. If left uncorrected, these potential weaknesses may result in deterioration of the repayment prospects for the loan or of the institution’s credit position at some future date. Substandard. Loans classified as substandard are inadequately protected by the current net worth and paying capacity of the obligor or of the collateral pledged, if any. Loans so classified have a well-defined weakness or weaknesses that jeopardize the liquidation of the debt. They are characterized by the distinct possibility that the institution will sustain some loss if the deficiencies are not corrected. COVID-19 Supplemental information. The loan modifications and payment deferrals established in accordance with the CARES Act and Interagency Statements disclosed in Note 1 did not result in immediate credit risk modifications. The impacted credits will continue to be monitored and assessed as the sustained impact of COVID-19 becomes better understood. Loans not meeting the criteria above that are analyzed individually as part of the above described process are considered to be pass-rated loans. The following table excludes deferred loan fees and includes PCI loans, which are included in the “Substandard” column. Based on the most recent analysis performed, the risk category of loans by class of loans is as follows as of March 31, 2020 and December 31, 2019: Pass Special Substandard Total March 31, 2020 Construction and land development $ 627,178 $ — $ — $ 627,178 Commercial real estate: Nonfarm, nonresidential 946,120 4,012 5,216 955,348 Other 42,610 — — 42,610 Residential real estate: Closed-end 1-4 family 453,892 819 1,899 456,610 Other 188,830 — 3,146 191,976 Commercial and industrial 543,565 600 37,433 581,598 Consumer and other 4,454 — — 4,454 $ 2,806,649 $ 5,431 $ 47,694 $ 2,859,774 Pass Special Substandard Total December 31, 2019 Construction and land development $ 591,293 $ 248 $ — $ 591,541 Commercial real estate: Nonfarm, nonresidential 941,260 997 1,764 944,021 Other 49,891 — — 49,891 Residential real estate: Closed-end 1-4 family 452,363 825 2,732 455,920 Other 185,170 — 2,511 187,681 Commercial and industrial 539,442 943 42,256 582,641 Consumer and other 4,769 — — 4,769 $ 2,764,188 $ 3,013 $ 49,263 $ 2,816,464 Troubled Debt Restructurings

LOAN SERVICING

LOAN SERVICING	3 Months Ended
	Mar. 31, 2020
Transfers and Servicing [Abstract]
LOAN SERVICING	LOAN SERVICING Loans serviced for others are not reported as assets. The principal balances of these loans at March 31, 2020 and December 31, 2019 are as follows: March 31, December 31, Loan portfolios serviced for: Federal Home Loan Mortgage Corporation $ 498,705 $ 488,790 Federal National Mortgage Association 17,146 10,221 Other 3,455 3,504 The related loan servicing rights activity for the three months ended March 31, 2020 and 2019 were as follows: Three Months Ended 2020 2019 Servicing rights: Beginning of period $ 3,246 $ 3,403 Additions 394 188 Amortized to expense (358) (225) Change in impairment (225) — End of period $ 3,057 $ 3,366 The components of net loan servicing fees for the three months ended March 31, 2020 and 2019 were as follows: Three Months Ended 2020 2019 Loan servicing fees, net: Loan servicing fees $ 322 $ 306 Amortization of loan servicing fees (358) (225) Change in impairment (225) — Total $ (261) $ 81 The fair value of servicing rights was estimated by management to be approximately $3,057 at March 31, 2020. Fair value for March 31, 2020 was determined using a weighted average discount rate of 9.5% and a weighted average prepayment speed of 22.3%. At December 31, 2019, the fair value of servicing rights was estimated by management to be approximately $3,922. Fair value for December 31, 2019 was determined using a weighted average discount rate of 9.5% and a weighted average prepayment speed of 16.8%.

BASIS OF PRESENTATION

BASIS OF PRESENTATION	3 Months Ended
	Mar. 31, 2020
Organization, Consolidation and Presentation of Financial Statements [Abstract]
BASIS OF PRESENTATION	BASIS OF PRESENTATION These consolidated financial statements include the accounts of Franklin Financial Network, Inc. (“FFN”), and its wholly-owned subsidiaries, Franklin Synergy Bank (“Franklin Synergy” or the “Bank”) and Franklin Synergy Risk Management, Inc. (collectively, the “Company”). Franklin Synergy Investments of Tennessee, Inc., Franklin Synergy Investments of Nevada, Inc., and Franklin Synergy Preferred Capital, Inc. are direct or indirect subsidiaries of the Bank and are included in these consolidated financial statements. Significant intercompany transactions and accounts are eliminated in consolidation. The Company provides financial services through its offices in Franklin, Brentwood, Spring Hill, Murfreesboro, Nashville, Nolensville, and Smyrna, Tennessee, as well as through its loan and deposit production location in Mt. Juliet, Tennessee. Its primary deposit products are checking, savings, and certificate of deposit accounts, and its primary lending products are commercial and residential construction, commercial, installment loans and lines secured by home equity. Substantially all loans are secured by specific items of collateral including commercial and residential real estate, business assets, and consumer assets. Commercial loans are expected to be repaid by cash flow from operations of businesses. The Company also focuses on electronic banking products such as internet banking, remote deposit capture and lockbox services. Principles of Consolidation and Basis of Presentation The accompanying unaudited condensed consolidated financial statements of the Company have been prepared in accordance with United States Generally Accepted Accounting Principles (“GAAP”) for interim financial information and in accordance with guidance provided by the Securities and Exchange Commission. Accordingly, the condensed financial statements do not include all of the information and footnotes required by GAAP for complete financial statements. The preparation of consolidated financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the amounts reported in the consolidated financial statements and accompanying notes. Actual results could differ from those estimates. In the opinion of management, the accompanying unaudited condensed consolidated financial statements reflect all normal and recurring adjustments considered necessary for a fair presentation. Transactions between the subsidiaries have been eliminated. These condensed consolidated financial statements should be read in conjunction with the Company’s Annual Report on Form 10-K for the year ended December 31, 2019. Operating results for the three months ended March 31, 2020 are not necessarily indicative of the results that may be expected for the year ending December 31, 2020. On January 21, 2020, the Company announced a strategic merger with FB Financial Corporation that is projected to close in the third quarter of 2020. Risks and Uncertainties The outbreak of COVID-19 has adversely impacted a broad range of industries in which the Company’s customers operate and could impair their ability to fulfill their financial obligations to the Company. During the first quarter of 2020, the World Health Organization declared COVID-19 to be a global pandemic indicating that almost all public commerce and related business activities must be, to varying degrees, curtailed with the goal of decreasing the rate of new infections. The spread of the outbreak has caused significant disruptions in the U.S. economy and has disrupted banking and other financial activity in the areas in which the Company operates. While there has been no material impact to the Company’s employees to date, COVID-19 could also potentially create widespread business continuity issues for the Company. The United States Congress, the President of the United States, and the Federal Reserve have taken several actions designed to cushion the economic fallout. Most notably, the Coronavirus Aid, Relief and Economic Security (“CARES”) Act was signed into law on March 27, 2020 as a $2.2 trillion legislative relief package. The goal of the CARES Act is to limit the impact of a potentially severe economic downturn through various measures, including direct financial aid to American families and economic stimulus to significantly impacted industry sectors. The package also includes extensive emergency funding for hospitals and medical providers. In addition to the general impact of COVID-19, certain provisions of the CARES Act as well as other recent legislative and regulatory relief efforts are expected to have a material impact on the Company’s operations. The Company’s business is dependent upon the willingness and ability of its employees and customers to conduct banking and other financial transactions. If the global response to contain COVID-19 escalates further or is unsuccessful, the Company could experience a material adverse effect on its business, financial condition, results of operations and cash flows. While it is not possible to know the full extent that the impact of COVID-19, and resulting measures to curtail its spread, will have on the Company’s operations, the Company is disclosing potentially material items of which it is aware in this Form 10-Q. Financial position and results of operations The Company’s fee income could be reduced due to the impacts of COVID-19. In keeping with guidance from regulators, the Company is actively working with COVID-19 affected customers to waive fees from a variety of sources, such as, but not limited to, insufficient funds and overdraft fees, ATM fees, account maintenance fees, etc. These reductions in fees are thought, at this time, to be temporary in conjunction with the length of the expected COVID-19 related economic crisis. At this time, the Company is unable to project the materiality of such an impact, but recognizes the breadth of the economic impact is likely to impact its fee income in future periods. The Company’s interest income could be reduced due to the impacts of COVID-19. In keeping with guidance from regulators, the Company is actively working with COVID-19 affected borrowers to defer their payments, interest, and fees. While interest and fees will still accrue to income, through normal GAAP accounting, should eventual credit losses on these deferred payments emerge, interest income and fees accrued may need to be reversed. In such a scenario, interest income in future periods could be negatively impacted. At this time, the Company is unable to project the materiality of such an impact, but recognizes the breadth of the economic impact may affect its borrowers’ ability to repay in future periods. Positively, the Company could see a near-term, non-recurring benefit to interest income due to the origination fees paid by the SBA related to PPP loans that are originated and funded by the Company. At this time, the Company is unable to project the materiality of such an impact. Lending operations and accommodations to borrowers In keeping with regulatory guidance to work with borrowers during this unprecedented situation and as outlined in the CARES Act, the Company is executing a payment deferral program for its eligible clients that are adversely affected by the pandemic. Depending on the demonstrated need of the client, the Company is deferring either the full loan payment or the principal component of the loan payment, typically for 90 days. As of April 30, 2020, the Company has executed over 420 of these deferrals on outstanding loan balances of approximately $644,000 . During the period ending March 31, 2020, interagency guidance and the CARES Act rules provided clarity to accounting for modifications whereby under certain circumstances, such modifications would not be considered troubled debt restructurings ("TDRs"). As such, the aforementioned modified loans have not been classified as TDRs. With the passage of the PPP, administered by the SBA, the Company is actively participating in assisting its customers with applications for these SBA-guaranteed loans through the program. PPP loans have a two Credit Pertaining to the Company’s March 31, 2020 financial condition and results of operations, COVID-19 had an impact on the Company’s allowance for loan and lease losses (“ALLL”) and resulting provision for loan losses are impacted by changes in economic conditions. The execution of the payment deferral program discussed previously improved our ratio of past due loans to total loans. Reclassifications Some items in the prior year financial statements were reclassified to conform to the current presentation. Reclassifications had no effect on prior year net income or equity. Recently Adopted and Effective Accounting Pronouncements In January 2017, the FASB issued ASU 2017-04 , “ Intangibles – Goodwill and Other (Topic 350): Simplifying the Test for Goodwill Impairment .” The guidance removes Step 2 of the goodwill impairment test, which requires a hypothetical purchase price allocation. Goodwill impairment will now be the amount by which a reporting unit’s carrying value exceeds its fair value, not to exceed the carrying amount of goodwill. All other goodwill impairment guidance remains largely unchanged. ASU 2017-04 became effective for us on January 1, 2020, and it did not have a material impact on the Company’s consolidated financial statements. In August 2018, the FASB issued ASU No. 2018-13 , “Disclosure Framework - Changes to the Disclosure Requirements for Fair Value Measurement.” This ASU eliminates, adds and modifies certain disclosure requirements for fair value measurements. Among the changes, entities will no longer be required to disclose the amount of and reasons for transfers between Level 1 and Level 2 of the fair value hierarchy, but will be required to disclose the range and weighted average used to develop significant unobservable inputs for Level 3 fair value measurements. ASU No. 2018-13 became effective for us on January 1, 2020, and only revises disclosure requirements. It did not have a material impact on the Company’s consolidated financial statements. In August 2018, the FASB issued ASU 2018-15 , “ Intangibles - Goodwill and Other - Internal-Use Software (Subtopic 350-40) - Customer’s Accounting for Implementation Costs Incurred in a Cloud Computing Arrangement That Is a Service Contract .” ASU 2018-15 clarifies certain aspects of ASU 2015-05, “Customer’s Accounting for Fees Paid in a Cloud Computing Arrangement,” which was issued in April 2015. Specifically, ASU 2018-15 aligns the requirements for capitalizing implementation costs incurred in a hosting arrangement that is a service contract with the requirements for capitalizing implementation costs incurred to develop or obtain internal-use software (and hosting arrangements that include an internal-use software license). ASU 2018-15 does not affect the accounting for the service element of a hosting arrangement that is a service contract. ASU 2018-15 became effective for the Company on January 1, 2020, and it did not have a significant impact on our financial statements. Status of New Accounting Standard for Accounting for Allowance for Credit Losses On January 1, 2020, ASU 2016-13 Financial Instruments – Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments , became effective for the Company which replaces the existing incurred loss impairment methodology ("ILM") for loans that are collectively evaluated for impairment with a methodology that reflects management’s best estimate of lifetime expected credit losses and requires consideration of reasonable and supportable economic forecasts to develop a lifetime credit loss estimate. Topic 326 requires additional qualitative and quantitative disclosure to allow users to better understand the credit risk within the portfolio and the methodologies for determining the allowance for credit losses ("ACL"). The Cumulative Expected Credit Loss ("CECL") standard also simplifies the accounting model for purchased credit impaired loans. Additionally, Topic 326 requires expected credit losses on available-for-sale ("AFS") debt securities be recorded as an ACL. For certain types of debt securities, such as U.S. Treasuries and other securities with government guarantees, entities may utilize an assumption of zero credit losses. In accordance with Section 4014 of the CARES Act, the Company deferred implementation of CECL and thus elected to continue to utilize the ILM to calculate loan loss reserves in the first quarter 2020. The temporary deferral of CECL will remain effective until the earlier of the termination of the national emergency declaration concerning the COVID-19 pandemic or December 31, 2020, with an effective retrospective implementation date of January 1, 2020. There is increased uncertainty on the local, regional, and national economy as a result of local and state stay-at-home orders, as well as relief measures provided at a national, state, and local level. The Company has taken actions to mitigate the impact or potential prospective credit losses including permitting short-term payment deferrals to current customers, as well as actively participating in the SBA’s PPP. These conditions significantly impact management’s determination of a reasonable and supportable forecast, an essential requirement in the calculation of expected credit losses under CECL methodology. The Company believes that the deferral will provide time to better assess the impact of the COVID-19 pandemic on the expected lifetime credit losses. Management will continue to measure and monitor the estimated impacts of CECL adoption through continued parallel testing of model simulations based on our portfolio composition and current expectations of future economic conditions. The Company’s CECL implementation efforts will remain in process in order to adequately comply with the provisions of CECL once the deferral period ceases. Management will continue to measure and monitor the estimated impacts of CECL

SECURITIES

SECURITIES	3 Months Ended
	Mar. 31, 2020
Investments, Debt and Equity Securities [Abstract]
SECURITIES	SECURITIES The following table summarizes the amortized cost and fair value of the securities available-for-sale portfolio at March 31, 2020 and December 31, 2019 and the corresponding amounts of gross unrealized gains and losses recognized in accumulated other comprehensive income. Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Fair Value March 31, 2020 Mortgage-backed securities: residential $ 286,307 $ 8,369 $ (4) $ 294,672 Mortgage-backed securities: commercial 17,445 336 (86) 17,695 Corporate notes 4,500 108 (85) 4,523 State and political subdivisions 230,728 3,447 (7,840) 226,335 Total $ 538,980 $ 12,260 $ (8,015) $ 543,225 Amortized Gross Gross Fair December 31, 2019 Mortgage-backed securities: residential $ 374,923 $ 1,876 $ (856) $ 375,943 Mortgage-backed securities: commercial 17,858 56 (134) 17,780 Corporate notes 32,825 539 (3) 33,361 State and political subdivisions 222,624 2,566 (142) 225,048 Total $ 648,230 $ 5,037 $ (1,135) $ 652,132 There were no securities held-to-maturity at March 31, 2020 or December 31, 2019. The proceeds from sales, calls, and prepayments of available for sale securities and the associated gains and losses were as follows: Three Months Ended 2020 2019 Proceeds $ 102,426 $ 259,613 Gross gains 1,424 1,801 Gross losses (28) (1,652) The amortized cost and fair value of the investment securities portfolio are shown by contractual maturity. Securities not due at a single maturity date, primarily mortgage-backed securities, are shown separately. March 31, 2020 Amortized Cost Fair Value Available-for-sale Over one year through five years $ 1,606 $ 1,642 Over five years through ten years 8,959 8,821 Over ten years 224,663 220,395 Mortgage-backed securities: residential 286,307 294,672 Mortgage-backed securities: commercial 17,445 17,695 Total $ 538,980 $ 543,225 Securities pledged at March 31, 2020, and December 31, 2019 had a carrying amount of $287,371 and $294,585, respectively, that were pledged to secure public deposits. At March 31, 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. The following table summarizes the securities with unrealized and unrecognized losses at March 31, 2020 and December 31, 2019, aggregated by major security type and length of time in a continuous unrealized loss position: Less Than 12 Months 12 Months or Longer Total Fair Value Unrealized Losses Fair Value Unrealized Losses Fair Value Unrealized Losses March 31, 2020 Available-for-sale Mortgage-backed securities: residential $ 349 $ (3) $ 1,246 $ (1) $ 1,595 $ (4) Mortgage-backed securities: commercial — — 3,193 (86) 3,193 (86) Corporate notes 1,915 (85) — — 1,915 (85) State and political subdivisions 121,212 (7,840) — — 121,212 (7,840) Total available-for-sale $ 123,476 $ (7,928) $ 4,439 $ (87) $ 127,915 $ (8,015) Less Than 12 Months 12 Months or Longer Total Fair Value Unrealized Losses Fair Value Unrealized Losses Fair Value Unrealized Losses December 31, 2019 Available-for-sale Mortgage-backed securities: residential $ 49,390 $ (172) $ 91,644 $ (684) $ 141,034 $ (856) Asset-backed securities 4,436 (29) 7,286 (105) 11,722 (134) Corporate notes 997 (3) — — 997 (3) State and political subdivisions 29,843 (142) — — 29,843 (142) Total available-for-sale $ 84,666 $ (346) $ 98,930 $ (789) $ 183,596 $ (1,135) Unrealized losses on debt securities have not been recognized into income because the issuers’ bonds are of high credit quality. As of March 31, 2020, management does not intend to sell and it is more likely than not that management will not be required to sell the securities prior to their anticipated recovery, and the decline in fair value is largely due to changes in interest rates and other market conditions. The fair value is expected to recover as the bonds approach maturity.

LEASES

LEASES	3 Months Ended
	Mar. 31, 2020
Leases [Abstract]
LEASES	LEASES Lessee Accounting Substantially all of the leases in which the Company is the lessee are comprised of real estate property for branches and office space with terms extending through 2034. The Company has one existing finance lease for additional office space with a lease term through 2033. On February 5, 2020, the Company purchased the properties at Columbia Avenue and 120 9th Avenue in Franklin, Tennessee, therefore ending these lease agreements that represented approximately $19,000 and $20,000 in right-of-use assets and lease liabilities, respectively. The following table represents lease assets and lease liabilities as of March 31, 2020, and December 31, 2019. Lease right-of-use assets Classification March 31, 2020 December 31, 2019 Operating lease right-of-use assets Other Assets $ 19,579 39,594 Finance lease right-of-use assets Other Assets 2,768 2,819 Total lease right-of-use assets $ 22,347 42,413 Lease liabilities Classification March 31, 2020 December 31, 2019 Operating lease right-of-use assets Other Liabilities $ 20,509 41,308 Finance lease right-of-use assets Other Liabilities 2,913 2,942 Total lease liabilities $ 23,422 44,250
LEASES	LEASES Lessee Accounting Substantially all of the leases in which the Company is the lessee are comprised of real estate property for branches and office space with terms extending through 2034. The Company has one existing finance lease for additional office space with a lease term through 2033. On February 5, 2020, the Company purchased the properties at Columbia Avenue and 120 9th Avenue in Franklin, Tennessee, therefore ending these lease agreements that represented approximately $19,000 and $20,000 in right-of-use assets and lease liabilities, respectively. The following table represents lease assets and lease liabilities as of March 31, 2020, and December 31, 2019. Lease right-of-use assets Classification March 31, 2020 December 31, 2019 Operating lease right-of-use assets Other Assets $ 19,579 39,594 Finance lease right-of-use assets Other Assets 2,768 2,819 Total lease right-of-use assets $ 22,347 42,413 Lease liabilities Classification March 31, 2020 December 31, 2019 Operating lease right-of-use assets Other Liabilities $ 20,509 41,308 Finance lease right-of-use assets Other Liabilities 2,913 2,942 Total lease liabilities $ 23,422 44,250

SHARE-BASED PAYMENTS

SHARE-BASED PAYMENTS	3 Months Ended
	Mar. 31, 2020
Equity [Abstract]
SHARE-BASED PAYMENTS	SHARE-BASED PAYMENTS The Company has two share based compensation plans as described below. Total compensation cost that has been charged against income for those plans was $1,512, for the three months ended March 31, 2020 and $1,329 for the three months ended March 31, 2019. The total income tax benefit, which is shown on the Consolidated Statements of Income as a reduction of income tax expense, was $210 for the three months ended March 31, 2020 and was $113 for the three months ended March 31, 2019, respectively. Stock Options : The Company’s 2007 Omnibus Equity Incentive Plan (the “2007 Plan”), as amended and shareholder-approved, provided for authorized shares up to 4,000,000. The 2007 Plan provided that no options intended to be ISOs may be granted after April 9, 2017. As a result, the Company’s board of directors approved, and recommended to its shareholders for approval, an equity incentive plan, the 2017 Omnibus Equity Incentive Plan which the Company’s shareholders approved at the 2017 annual meeting of shareholders. On April 12, 2018, the Company’s Board of Directors approved the Amended and Restated 2017 Omnibus Equity Incentive Plan (the “Amended and Restated 2017 Plan”) to make certain changes in response to feedback received from the Company's shareholders. The terms of the Amended and Restated 2017 Plan are substantially similar to the terms of the 2007 Plan it was intended to replace. The Amended and Restated 2017 Plan provides for authorized shares up to 3,500,000. At March 31, 2020, there were 2,410,364 authorized shares available for issuance under the Amended and Restated 2017 Plan. Employee, organizer and director stock option awards are generally granted with an exercise price equal to the market price of the Company’s common stock at the date of grant; those option awards have a 10 year contractual term with varying vesting requirements. The Company assigns discretion to its Compensation Committee to make grants either as qualified incentive stock options or as non-qualified stock options. All employee grants are intended to be treated as qualified incentive stock options, if allowable. All other grants are expected to be treated as non-qualified. The fair value of each option award is estimated on the date of grant using a closed form option valuation (Black-Scholes) model that uses the assumptions noted in the table below. Expected stock price volatility is based on historical volatilities of the Company. The Company uses historical data to estimate option exercise and post-vesting termination behavior. The expected term of options granted represents the period of time that options granted are expected to be outstanding, which takes into account that the options are not transferable. The risk-free interest rate for the expected term of the option is based on the U.S. Treasury yield curve in effect at the time of the grant. There were no options granted during the three months ended March 31, 2020. The fair value of options granted during the three months ended March 31, 2019, was determined using the following weighted-average assumptions as of grant date. March 31, 2019 Risk-free interest rate 2.31 % Expected term 7 years Expected stock price volatility 30.44 % Dividend yield 0.50 % The weighted average fair value of options granted for the three months ended March 31, 2019 was $10.01. A summary of the activity in the plans for the three months ended March 31, 2020 follows: Shares Weighted Average Exercise Price Weighted Average Remaining Contractual Term Aggregate Intrinsic Value Outstanding at January 1, 2020 1,502,070 $ 22.39 Granted — — Exercised (37,416) 11.19 Forfeited, expired, or cancelled (6,274) 25.24 Outstanding at period end 1,458,380 $ 26.24 6.30 $ 2,921 Vested or expected to vest 1,385,461 $ 26.24 5.77 $ 2,775 Exercisable at period end 335,225 $ 11.68 5.77 $ 2,921 For the Three Months Ended 2020 2019 Stock options exercised: Intrinsic value of options exercised $ 943 $ 623 Cash received from options exercised 417 524 Tax benefit realized from option exercises 210 113 As of March 31, 2020, there was $2,768 of total unrecognized compensation cost related to non-vested stock options granted under the plans. The cost is expected to be recognized over a weighted-average period of 1.36 years. Restricted Stock and Restricted Stock Units : Additionally, the 2007 Plan and the Amended and Restated 2017 Plan each provides for the granting of restricted share awards and other performance related incentives. When the restricted shares are awarded, a participant receives voting and dividend rights with respect to the shares, but is not able to transfer the shares until the restrictions have lapsed. In April 2019, the Company began awarding restricted stock units which participants do not have voting rights or dividend rights until the restrictions have lapsed. These awards typically have a vesting period of three five A summary of activity for non-vested restricted share awards for the three months ended March 31, 2020 is as follows: Non-vested Shares Shares Weighted- Non-vested at January 1, 2020 90,992 $ 32.54 Granted — — Vested (468) 28.52 Forfeited (122) 31.18 Non-vested at March 31, 2020 90,402 Compensation expense associated with the restricted share awards is recognized on a straight-line basis over the time period that the restrictions associated with the awards lapse based on the total cost of the award at the grant date. As of March 31, 2020, there was $595 of total unrecognized compensation cost related to non-vested shares granted under the 2007 Plan and Amended and Restated 2017 Plan. The cost is expected to be recognized over a weighted-average period of 1.13 years. The Company began granting restricted stock units in 2019. The following table outlines restricted stock units that were outstanding, grouped by similar vesting criteria, as of March 31, 2020: Grant year Units Awarded Service period in years Period in which units to be settled into shares of common stock 2019 2,870 5.0 2024 2019 152,048 3.0 2022 2020 120,824 3.0 2023 Stock compensation expense related with the restricted stock units for the three months ended March 31, 2020 was $678. There was no expense related to restricted stock units in 2019. This stock compensation is recognized on a straight-line basis over the time period that the restrictions associated with the awards lapse based on the total cost of the award at the grant date. As of March 31, 2020, there was $7,943 of total unrecognized compensation cost related to non-vested restricted stock units granted under the Amended and Restated 2017 Plan. The cost is expected to be recognized over a weighted-average period of 2.25 years.

REGULATORY CAPITAL MATTERS

REGULATORY CAPITAL MATTERS	3 Months Ended
	Mar. 31, 2020
Broker-Dealer, Net Capital Requirement, SEC Regulation [Abstract]
REGULATORY CAPITAL MATTERS	REGULATORY CAPITAL MATTERSBanks and bank holding companies are subject to regulatory capital requirements administered by federal banking agencies. Capital adequacy guidelines and, additionally for banks, prompt corrective action regulations, involve quantitative measures of assets, liabilities, and certain off-balance-sheet items calculated under regulatory accounting practices. Capital amounts and classifications are also subject to qualitative judgments by regulators. Failure to meet capital requirements can initiate regulatory action. The final rules implementing Basel Committee on Banking Supervision’s capital guidelines for U.S. Banks (Basel III rules) provide for counter cyclical capital requirements so that the required amount of capital increases in times of economic expansion and decreases in times of economic contraction, consistent with safety and soundness. Under the Basel III rules, banks must maintain a capital conservation buffer consisting of additional Common Equity Tier 1 Capital equal to 2.5% of risk-weighted assets above each of the required minimum capital levels in order to avoid limitations on paying dividends, engaging in share repurchases, and paying certain discretionary bonuses. This capital conservation buffer became fully effective for the Company as of January 1, 2019. Prompt corrective action regulations 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. At March 31, 2020, the most recent regulatory notifications categorized the Bank as well capitalized under the regulatory framework for prompt corrective action. Management believes that, as of March 31, 2020, the Company and Bank met all capital adequacy requirements to which they are subject. There are no conditions or events since that notification that management believes have changed the institution’s category. In October 2019, the federal bank regulatory agencies, or the Agencies, issued a final rule, the Community Bank Leverage Ratio Framework, the “Framework,” to simplify capital calculations for community banks. The Framework provides for a simple measure of capital adequacy for certain community banking organizations and is consistent with Section 201 of the Economic Growth, Regulatory Relief and Consumer Protection Act. The Framework is optional and is designed to reduce burden by removing requirements for calculating and reporting risk-based capital ratios. Depository institutions and depository institution holding companies that have less than $10 billion in total consolidated assets and meet other qualifying criteria, including a leverage ratio of greater than 9%, are considered qualifying community banking organizations and are eligible to opt into the Framework. The final rule became effective January 1, 2020, and organizations that opt into the Framework and meet the criteria established by the rule can use the Framework for regulatory reports for the quarter ended March 31, 2020. In April 2020, the Agencies announced two interim final rules to provide relief associated with Section 4012 of the CARES Act. For institutions that elect the Framework, the interim rules temporarily lower the leverage ratio requirement to 8% for the second quarter of 2020 through the end of calendar year 2020 and to 8.5% for the 2021 calendar year. An institution will have until January 1, 2022 before the 9% leverage ratio requirement is re-established. The Company and the Bank have elected to opt into the Framework and will file their regulatory capital reports in accordance with the Framework’s guidance. For comparative purposes, the Company has included in the table below estimated regulatory capital ratios for the Company and for the Bank as of March 31, 2020, and December 31, 2019, based on the Basel III Capital Rules discussed above. Actual Required To Be Well Amount Ratio Amount Ratio Amount Ratio March 31, 2020 Company-Level Company common equity Tier 1 capital to RWA $ 388,222 12.0 % $ 146,134 4.5 % N/A N/A Company Total Capital to RWA $ 485,625 15.0 % $ 259,793 8.0 % N/A N/A Company Tier 1 (Core) Capital to RWA $ 388,222 12.0 % $ 194,845 6.0 % N/A N/A Company Tier 1 (Core) Capital to average assets $ 388,222 10.1 % $ 154,131 4.0 % N/A N/A Bank-Level Bank common equity Tier 1 capital to RWA $ 442,454 13.6 % $ 146,039 4.5 % $ 210,946 6.5 % Bank Total Capital to RWA $ 480,940 14.8 % $ 259,626 8.0 % $ 324,532 10.0 % Bank Tier 1 (Core) Capital to RWA $ 442,454 13.6 % $ 194,719 6.0 % $ 259,626 8.0 % Bank Tier 1 (Core) Capital to average assets $ 442,454 11.5 % $ 153,905 4.0 % $ 192,381 5.0 % December 31, 2019 Company-Level Company common equity Tier 1 capital to RWA $ 388,199 11.9 % $ 146,711 4.5 % N/A N/A Company Total Capital to RWA $ 487,966 15.0 % $ 260,819 8.0 % N/A N/A Company Tier 1 (Core) Capital to RWA $ 388,199 11.9 % $ 195,614 6.0 % N/A N/A Company Tier 1 (Core) Capital to average assets $ 388,199 10.3 % $ 151,456 4.0 % N/A N/A Bank-Level Bank common equity Tier 1 capital to RWA $ 441,348 13.6 % $ 146,491 4.5 % $ 211,599 6.5 % Bank Total Capital to RWA $ 482,183 14.8 % $ 260,429 8.0 % $ 325,536 10.0 % Bank Tier 1 (Core) Capital to RWA $ 441,348 13.6 % $ 195,322 6.0 % $ 260,429 8.0 % Bank Tier 1 (Core) Capital to average assets $ 441,348 11.7 % $ 151,255 4.0 % $ 189,069 5.0 % Note: Minimum ratios presented exclude the capital conservation buffer Dividend Restrictions : The Company’s principal source of funds for dividend payments is dividends received from the Bank. Banking regulations limit the amount of dividends that may be paid without prior approval of regulatory agencies. Under these regulations, the amount of dividends that may be paid in any calendar year is limited to the current year’s net profits, combined with the retained net profits of the preceding two years, subject to the capital requirements described above.

DERIVATIVE INSTRUMENTS

DERIVATIVE INSTRUMENTS	3 Months Ended
	Mar. 31, 2020
Derivative Instruments and Hedging Activities Disclosure [Abstract]
DERIVATIVE INSTRUMENTS	DERIVATIVE INSTRUMENTS Financial derivatives are reported at fair value in other assets or other liabilities. The accounting for changes in the fair value of a derivative depends on whether it has been designated and qualifies as part of a hedging relationship. For derivatives not designated as hedges, the gain or loss is recognized in current earnings. Derivatives designated as fair value hedges For derivative instruments that are designated and qualify as a fair value hedge, the gain or loss on the derivative instrument as well as the offsetting loss or gain on the hedged asset or liability attributable to the hedged risk are recognized in current earnings. The gain or loss on the derivative instrument is presented on the same income statement line item as the earnings effect of the hedged item. The Company utilizes interest rate swaps designated as fair value hedges to mitigate the effect of changing interest rates on the fair values of fixed rate callable securities available-for-sale. The hedging strategy on securities converts the fixed interest rates to LIBOR-based variable interest rates. These derivatives are designated as partial term hedges of selected cash flows covering specified periods of time prior to the call dates of the hedged securities. During 2019, the Company entered into 16 swap transactions with a notional amount of $101,205 designated as fair value hedges. These derivatives are intended to protect against the effects of changing interest rates on the fair values of fixed rate securities. A summary of the Company's fair value hedge relationships as of March 31, 2020 and December 31, 2019 are as follows (in thousands): March 31, 2020 December 31, 2019 Balance Sheet Location Weighted Average Remaining Maturity (In Years) Weighted Average Pay Rate Receive Rate Notional Amount Estimated Fair Value Notional Amount Estimated Fair Value Liability derivative Interest rate swap agreements - securities Other liabilities 6.55 2.527% 3 month LIBOR $ 101,205 $ 13,362 $ 101,205 $ 4,954 The effects of fair value hedge relationships reported in interest income on securities on the consolidated statements of income for the three months ended March 31, 2020 and 2019 were as follows (in thousands): Three Months Ended March 31, Gain (loss) on fair value hedging relationship 2020 2019 Interest rate swap agreements - securities: Hedged items $ 13,362 $ 1,118 Derivative designated as hedging instruments (13,362) (1,118) The following amounts were recorded on the balance sheet related to cumulative basis adjustments for fair value hedges at March 31, 2020: Carrying Amount of the Hedged Assets (in thousands) Cumulative Amount of Fair Value Hedging Adjustment Included in the Carrying Amount of the Hedged Assets Line item on the balance sheet March 31, 2020 December 31, 2019 March 31, 2020 December 31, 2019 Securities available-for-sale $101,205 $101,205 $13,362 $4,954 Derivatives designated as cash flow hedges For derivative instruments that are designated and qualify as a cash flow hedge, the aggregate fair value of the derivative instrument is recorded in other assets or other liabilities with any gain or loss related to changes in fair value recorded in accumulated other comprehensive income, net of tax. The gain or loss is reclassified into earnings in the same period during which the hedged asset or liability affects earnings and is presented in the same income statement line item as the earnings effect of the hedged asset or liability. The Company uses cash flow hedge relationships in an effort to manage future interest rate exposure. The hedging strategy converts the LIBOR-based variable interest rate on forecasted borrowings to a fixed interest rate and is used in an effort to protect the Company from floating interest rate variability. A summary of the Company's cash flow hedge relationships as of March 31, 2020 and December 31, 2019 are as follows (in thousands): March 31, 2020 December 31, 2019 Balance Sheet Location Weighted Average Remaining Maturity (In Years) Weighted Average Pay Rate Receive Rate Notional Amount Estimated Fair Value Notional Amount Estimated Fair Value Liability derivatives Interest rate swap agreements Other liabilities 2.1 2.232% 1 month LIBOR 100,000 $ 3,933 $ 100,000 $ 1,592 The effects of the Company's cash flow hedge relationships on the statement of comprehensive income (loss) during the three months ended March 31, 2020 and 2019 were as follows: Amount of Gain (Loss) Recognized in Other Comprehensive Income (Loss) Three Months Ended March 31, 2020 2019 Liability derivatives Interest rate swap agreements $ (1,729) $ —

COMMITMENTS AND CONTINGENCIES

COMMITMENTS AND CONTINGENCIES	3 Months Ended
	Mar. 31, 2020
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	COMMITMENTS AND CONTINGENCIES We enter into certain off-balance sheet arrangements in the normal course of business to meet the financing needs of our customers. Those agreements involve, to varying degrees, elements of credit risk in excess of the amount recognized in the balance sheet. These off-balance sheet arrangements include commitments to make loans, credit lines and standby letters of credit which would impact our liquidity and capital resources to the extent customers accept or use these commitments. A commitment to extend credit is a formal agreement to lend funds to a client as long as there is no violation of any condition established under the agreement. The actual borrowing needs of our customers under these credit commitments have historically been lower than the contractual amount of the commitments. A significant portion of these commitments expire without being drawn upon. Actual borrowing needs of our customers may exceed our expected funding requirements, especially during a challenging economic environment when our client companies may be more dependent on our credit commitments due to the lack of available credit elsewhere, the increasing costs of credit, or the limited availability of financings from other sources. Any failure to meet our unfunded credit commitments in accordance with the actual borrowing needs of our customers may have a material adverse effect on our business, financial condition, results of operations or reputation. Commitments to make loans, credit lines and standby letters of credit involve, to varying degrees, elements of credit and interest rate risk in excess of the amount recognized in the balance sheet. Off-balance-sheet risk to credit loss exists up to the face amount of these instruments, although material losses are not anticipated. The Company uses the same credit policies in making commitments and conditional obligations as it does for on-balance sheet financial instruments. The contractual amounts of financial instruments with off-balance sheet risk were as follows: March 31, 2020 December 31, 2019 Fixed Variable Total Fixed Variable Total Unused lines of credit $ 88,571 $ 649,618 $ 738,189 $ 89,040 $ 701,326 $ 790,366 Standby letters of credit 7,098 46,165 53,263 7,119 48,750 55,869 Mortgage loan commitments 156,421 — 156,421 48,999 — 48,999

FAIR VALUE

FAIR VALUE	3 Months Ended
	Mar. 31, 2020
Fair Value Disclosures [Abstract]
Fair Value	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 reporting entity’s own assumptions about the assumptions that market participants would use in pricing an asset or liability. Assets and liabilities measured at fair value on a recurring basis, including financial assets and liabilities for which the Company has elected the fair value option, are summarized below: Fair Value Measurements at March 31, Quoted Prices Significant Significant Financial Assets Securities available-for-sale Mortgage-backed securities-residential — 294,672 — Mortgage-backed securities-commercial — 17,695 — Corporate notes — 4,523 — State and political subdivisions — 226,335 — Total securities available-for-sale $ — $ 543,225 $ — Loans held for sale $ — $ 42,682 $ — Derivative assets $ — $ 1,166 $ — Financial Liabilities Derivative liabilities $ — $ 18,905 $ — Fair Value Measurements at December 31, Quoted Prices Significant Significant Financial Assets Securities available-for-sale Mortgage-backed securities-residential — 375,943 — Asset-backed securities — 17,780 — Corporate notes — 33,361 — State and political subdivisions — 225,048 — Total securities available for sale $ — $ 652,132 $ — Loans held-for-sale $ — $ 43,162 $ — Derivative assets $ — $ 225 $ — Financial Liabilities Derivative liabilities $ — $ 6,619 $ — The Company used the following methods and significant assumptions to estimate the fair value of financial instruments that are measured at fair value on a recurring basis: Securities : The fair values for investment securities are determined by quoted market prices, if available (Level 1). For securities where quoted prices are not available, fair values are calculated based on market prices of similar securities (Level 2), using matrix pricing. Matrix pricing is a mathematical technique commonly used to price debt securities that are not actively traded, values debt securities without relying exclusively on quoted prices for the specific securities but rather by relying on the securities’ relationship to other benchmark quoted securities (Level 2 inputs). Derivative assets : Included in other assets are certain assets carried at fair value and interest rate locks associated with the mortgage loan pipeline. The fair value of the mortgage loan pipeline rate locks is based upon the projected sales price of the underlying loans, taking into account market interest rates and other market factors at the measurement date, net of the projected fallout rate. These assets are valued using similar observable data that occurs in the market (Level 2). Loans Held For Sale: These loans are typically sold to an investor following loan origination and the fair value of such accounts are readily available based on direct quotes from investors or similar transactions experienced in the secondary loan market. Fair value adjustments, as well as realized gains and losses are recorded in current earnings. Fair value is determined by market prices or similar transactions adjusted for specific attributes of that loan (Level 2). Derivative liabilities : The Company has certain liabilities carried at fair value including certain interest rate swap agreements to facilitate customer transactions, and the cash flow hedge and interest rate locks associated with the funding for its mortgage loan originations. The fair value of these liabilities is based on pricing models that utilize observable market inputs (Level 2). There were no transfers between levels for the three months ended March 31, 2020, and December 31, 2019. The following table presents assets measured at fair value on a non-recurring basis. There were no liabilities measured at fair value on a non-recurring basis as of March 31, 2020, and December 31, 2019. Total carrying value in the Quoted market prices in Models with significant Models with significant Total losses for the period ended March 31, 2020 Impaired loans, net: (1) Commercial and industrial $ 570 $ — $ — $ 570 $ — Servicing rights, net 3,057 — — 3,057 225 Total $ 3,627 $ — $ — $ 3,627 $ 225 December 31, 2019 Impaired loans, net: (1) Residential real estate: Closed-end 1-4 family $ 626 $ — $ — $ 626 $ — Commercial and industrial 3,763 — 3,650 113 — Total $ 4,389 $ — $ 3,650 $ 739 $ — (1) Amount is net of a valuation allowance of $6,760 and $20,771 at March 31, 2020 and December 31, 2019, respectively, as required by ASC 310-10, "Receivables." As of March 31, 2020 and December 31, 2019, the only Level 3 assets with material unobservable inputs are associated with impaired loans and servicing rights. The table above includes those loans and servicing rights that are impaired and have a carrying balance as of March 31, 2020 and December 31, 2019. Impaired Loans : A loan is considered impaired when, based on current information and events, it is probable that the Company will be unable to collect all amounts due pursuant to the contractual terms of the loan agreement. Impairment is measured by estimating the fair value of the loan based on the present value of expected cash flows, the market price of the loan, or the underlying fair value of the loan's collateral. For real estate loans, fair value of the impaired loan's collateral is determined by third party appraisals, which are then adjusted for the estimated selling and closing costs related to liquidation of the collateral. For this asset class, the actual valuation methods (income, sales comparable, or cost) vary based on the status of the project or property. The unobservable inputs may vary depending on the individual assets with no one of the three methods being the predominant approach. The Company reviews the third party appraisal for appropriateness and adjusts the value downward to consider selling and closing costs, which typically is 10% of the appraised value. For non-real estate collateral loans, the unobservable inputs will vary depending on the credit. The fair value of the impaired loan's collateral may be determined using a third party appraisal, transactional values, discounted cash flows ("DCF"), sales comparisons, asset value, or aging reports, adjusted or discounted. As of March 31, 2020, the fair value of the non-real estate collateral loans was determined primarily based on the DCF method, resulting in a Level 3 fair value classification. Mortgage Servicing Rights : Fair value of mortgage servicing rights is based on valuation models that calculate the present value of estimated net cash flows based on industry market data. The valuation model incorporates assumptions that market participants would use in estimating future net cash flows resulting in a Level 3 classification. Foreclosed Assets : Assets acquired through or instead of loan foreclosure are initially recorded at fair value less costs to sell when acquired, establishing a new cost basis. These assets are subsequently accounted for at lower of cost or fair value less estimated costs to sell. Fair value is commonly based on recent real estate appraisals which are updated no less frequently than annually. These appraisals may utilize a single valuation approach or a combination of approaches including comparable sales and the income approach. Adjustments are routinely made in the appraisal process by the independent appraisers to adjust for differences between the comparable sales and income data available. Such adjustments are usually significant and typically result in a Level 3 classification of the inputs for determining fair value. Foreclosed assets are evaluated on a quarterly basis for additional impairment and adjusted accordingly. Appraisals for both collateral-dependent impaired loans and 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, a member of the credit administration department 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. On an annual basis, the Company compares the actual selling price of collateral that has been sold to the most recent appraised value to determine what additional adjustment should be made to the appraisal value to arrive at fair value. The Company measures certain assets at fair value on a non-recurring basis including impaired loans (excluding PCI loans), loans held for sale, and OREO (i.e. real estate acquired through foreclosure or deed in lieu of foreclosure). These fair value adjustments result from impairments recognized during the period, application of the lower of cost or fair value on loans held for sale, and the application of fair value less cost to sell on OREO. The following tables present valuation techniques and unobservable inputs for assets measured at fair value on a non-recurring basis for which the Company has utilized Level 3 inputs to determine fair values at March 31, 2020 and December 31, 2019. Financial Instruments Recorded Using Fair Value Option As of March 31, 2020, the unpaid principal balance of loans held for sale was $40,710 resulting in an unrealized gain of $1,972 included in gains on sale of loans. As of December 31, 2019, the unpaid principal balance of loans held for sale was $42,152, resulting in an unrealized gain of $1,010 included in gains on sale of loans. None of the loans as of March 31, 2020, or December 31, 2019 are 90 days or more past due or on nonaccrual. Fair Value Measurements at March 31, Carrying Level 1 Level 2 Level 3 Total Financial assets Cash and cash equivalents $ 173,482 $ 173,482 $ — $ — $ 173,482 Certificates of deposit held at other financial institutions 3,345 — 3,345 — 3,345 Securities available for sale 543,225 — 543,225 — 543,225 Loans held for sale 42,682 — 42,682 — 42,682 Net loans 2,817,365 — — 2,736,626 2,736,626 Other assets 1,166 — 1,166 — 1,166 Accrued interest receivable 12,043 36 3,183 8,824 12,043 Financial liabilities Deposits $ 3,137,471 $ 2,506,175 $ 638,714 $ — $ 3,144,889 Federal Home Loan Bank advances 135,000 — 135,080 — 135,080 Subordinated notes, net 58,916 — — 58,716 58,716 Other liabilities 18,905 — 18,905 — 18,905 Accrued interest payable 3,179 127 2,702 350 3,179 Fair Value Measurements at December 31, Carrying Level 1 Level 2 Level 3 Total Financial assets Cash and cash equivalents $ 234,991 $ 234,991 $ — $ — $ 234,991 Certificates of deposit held at other financial institutions 3,590 — 3,590 — 3,590 Securities available-for-sale 652,132 — 652,132 — 652,132 Loans held for sale 43,162 — 43,162 — 43,162 Net loans 2,767,008 — — 2,753,761 2,753,761 Other assets 225 — 225 — 225 Accrued interest receivable 12,362 96 3,775 8,491 12,362 Financial liabilities Deposits $ 3,207,584 $ 2,458,555 $ 749,656 $ — $ 3,208,211 Federal Home Loan Bank advances 155,000 — 155,090 — 155,090 Subordinated notes, net 58,872 — — 60,922 60,922 Other liabilities 6,619 — 6,619 — 6,619 Accrued interest payable 4,201 154 687 3,360 4,201 There were no foreclosed assets as of March 31, 2020, or December 31, 2019, and accordingly, there were no properties at March 31, 2020 or December 31, 2019 that required write-downs to fair value. The methods and assumptions not previously described used to estimate fair values are described as follows: (a) Cash and Cash Equivalents : The carrying amounts of cash and short-term instruments approximate fair values and are classified as Level 1. (b) Loans : Fair values of loans, excluding loans held for sale, are estimated as follows: In accordance with ASU 2016-01, the fair value of loans held for investment, excluding previously presented impaired loans measured at fair value on a non-recurring basis, is estimated using a cash flow projection methodology that relies on three primary assumptions: (1)the expected prepayment rate of loans; (2)the magnitude of future net losses based on expected default rate and severity of loss; and (3)the discount rate applicable to the expected cash flows of the loan portfolio. Loans are considered a Level 3 classification. ( c) Deposits: The fair values disclosed for demand deposits (e.g., interest and non-interest checking, passbook savings, and certain types of money market accounts) are, by definition, equal to the amount payable on demand at the reporting date (i.e., their carrying amount) resulting in a Level 1 classification. The carrying amounts of fixed-term money market accounts approximate their fair values at the reporting date resulting in a Level 1 classification. Fair values for certificates of deposit are estimated using a discounted cash flows calculation that applies interest rates currently being offered on certificates to a schedule of aggregated expected monthly maturities on time deposits resulting in a Level 2 classification. (d) Federal Funds Purchased and Repurchase Agreements: The carrying amounts of federal funds purchased, borrowings under repurchase agreements, and other short-term borrowings, generally maturing within 90 days, approximate their fair values resulting in a Level 2 classification. (e) Federal Home Loan Bank Advances: The fair values of the Company’s long-term borrowings are estimated using discounted cash flow analyses based on the current borrowing rates for similar types of borrowing arrangements resulting in a Level 2 classification. (f) Subordinated Notes : The fair values of the Company’s subordinated notes are estimated using discounted cash flow analyses based on the current borrowing rates for similar types of borrowing arrangements resulting in a Level 3 classification. (g) Accrued Interest Receivable/Payable : The carrying amounts of accrued interest approximate fair value resulting in a Level 1, Level 2 or Level 3 classification based on the asset/liability with which they are associated. (h) Off-balance Sheet Instruments : Fair values for off-balance sheet, credit-related financial instruments are based on fees currently charged to enter into similar agreements, taking into account the remaining terms of the agreements and the counterparties’ credit standing. The fair value of commitments is not material.

EARNINGS PER SHARE

EARNINGS PER SHARE	3 Months Ended
	Mar. 31, 2020
Earnings Per Share [Abstract]
EARNINGS PER SHARE	EARNINGS PER SHARE The two-class method is used in the calculation of basic and diluted earnings per share. Under the two-class method, earnings available to common shareholders for the period are allocated between common shareholders and participating securities according to dividends declared (or accumulated) and participation rights in undistributed earnings. The factors used in the earnings per share computation follow: Three Months Ended 2020 2019 Basic Net income available to common shareholders $ (1,148) $ 2,901 Less: earnings allocated to participating securities (7) (34) Net income allocated to common shareholders $ (1,155) $ 2,867 Weighted average common shares outstanding including participating securities 14,849,535 14,561,721 Less: Participating securities (90,575) (168,638) Average shares 14,758,960 14,393,083 Basic earnings per common share $ (0.08) $ 0.20 Three Months Ended 2020 2019 Diluted Net income allocated to common shareholders $ (1,155) $ 2,867 Weighted average common shares outstanding for basic earnings per common share 14,758,960 14,393,083 Add: Dilutive effects of assumed exercises of stock options — 411,747 Add: Dilutive effects of assumed restricted stock units — — Average shares and dilutive potential common shares 14,758,960 14,804,830 Dilutive earnings per common share $ (0.08) $ 0.19

SUBORDINATED DEBT ISSUANCE

SUBORDINATED DEBT ISSUANCE	3 Months Ended
	Mar. 31, 2020
Debt Disclosure [Abstract]
Subordinated Debt Issuance	SUBORDINATED DEBT ISSUANCE The Company’s subordinated notes, net of issuance costs, totaled $58,916 and $58,872 at March 31, 2020 and at December 31, 2019, respectively. For regulatory capital purposes, the subordinated notes are treated as Tier 2 capital, subject to certain limitations, and are included in total regulatory capital when calculating the Company’s total capital to risk weighted assets ratio as indicated in Note 7 of these consolidated financial statements. During 2016, the Company completed the issuance of $60,000 in principal amount of subordinated notes in two separate offerings. In March 2016, $40,000 of 6.875% fixed-to-floating rate subordinated notes (the “March 2016 Subordinated Notes”) were issued in a public offering to accredited institutional investors, and in June 2016, $20,000 of 7% fixed-to-floating rate subordinated notes (the “June 2016 Subordinated Notes”) were issued to certain accredited institutional investors in a private offering. The subordinated notes are unsecured and will rank at least equally with all of the Company’s other unsecured subordinated indebtedness and will be effectively subordinated to all of our secured debt to the extent of the value of the collateral securing such debt. The subordinated notes will be subordinated in right of payment to all of our existing and future senior indebtedness, and will rank structurally junior to all existing and future liabilities of our subsidiaries including, in the case of the Company’s bank subsidiary, its depositors, and any preferred equity holders of our subsidiaries. The holders of the subordinated notes may be fully subordinated to interests held by the U.S. government in the event that we enter into a receivership, insolvency, liquidation, or similar proceeding. The issuance costs related to the March 2016 Subordinated Notes amounted to $1,382 and are being amortized as interest expense over the ten ten

BASIS OF PRESENTATION (Policies

BASIS OF PRESENTATION (Policies)	3 Months Ended
	Mar. 31, 2020
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Reclassifications	Reclassifications Some items in the prior year financial statements were reclassified to conform to the current presentation. Reclassifications had no effect on prior year net income or equity.
Recently Adopted Accounting Pronouncements	Recently Adopted and Effective Accounting Pronouncements In January 2017, the FASB issued ASU 2017-04 , “ Intangibles – Goodwill and Other (Topic 350): Simplifying the Test for Goodwill Impairment .” The guidance removes Step 2 of the goodwill impairment test, which requires a hypothetical purchase price allocation. Goodwill impairment will now be the amount by which a reporting unit’s carrying value exceeds its fair value, not to exceed the carrying amount of goodwill. All other goodwill impairment guidance remains largely unchanged. ASU 2017-04 became effective for us on January 1, 2020, and it did not have a material impact on the Company’s consolidated financial statements. In August 2018, the FASB issued ASU No. 2018-13 , “Disclosure Framework - Changes to the Disclosure Requirements for Fair Value Measurement.” This ASU eliminates, adds and modifies certain disclosure requirements for fair value measurements. Among the changes, entities will no longer be required to disclose the amount of and reasons for transfers between Level 1 and Level 2 of the fair value hierarchy, but will be required to disclose the range and weighted average used to develop significant unobservable inputs for Level 3 fair value measurements. ASU No. 2018-13 became effective for us on January 1, 2020, and only revises disclosure requirements. It did not have a material impact on the Company’s consolidated financial statements. In August 2018, the FASB issued ASU 2018-15 , “ Intangibles - Goodwill and Other - Internal-Use Software (Subtopic 350-40) - Customer’s Accounting for Implementation Costs Incurred in a Cloud Computing Arrangement That Is a Service Contract .” ASU 2018-15 clarifies certain aspects of ASU 2015-05, “Customer’s Accounting for Fees Paid in a Cloud Computing Arrangement,” which was issued in April 2015. Specifically, ASU 2018-15 aligns the requirements for capitalizing implementation costs incurred in a hosting arrangement that is a service contract with the requirements for capitalizing implementation costs incurred to develop or obtain internal-use software (and hosting arrangements that include an internal-use software license). ASU 2018-15 does not affect the accounting for the service element of a hosting arrangement that is a service contract. ASU 2018-15 became effective for the Company on January 1, 2020, and it did not have a significant impact on our financial statements. Status of New Accounting Standard for Accounting for Allowance for Credit Losses On January 1, 2020, ASU 2016-13 Financial Instruments – Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments , became effective for the Company which replaces the existing incurred loss impairment methodology ("ILM") for loans that are collectively evaluated for impairment with a methodology that reflects management’s best estimate of lifetime expected credit losses and requires consideration of reasonable and supportable economic forecasts to develop a lifetime credit loss estimate. Topic 326 requires additional qualitative and quantitative disclosure to allow users to better understand the credit risk within the portfolio and the methodologies for determining the allowance for credit losses ("ACL"). The Cumulative Expected Credit Loss ("CECL") standard also simplifies the accounting model for purchased credit impaired loans. Additionally, Topic 326 requires expected credit losses on available-for-sale ("AFS") debt securities be recorded as an ACL. For certain types of debt securities, such as U.S. Treasuries and other securities with government guarantees, entities may utilize an assumption of zero credit losses. In accordance with Section 4014 of the CARES Act, the Company deferred implementation of CECL and thus elected to continue to utilize the ILM to calculate loan loss reserves in the first quarter 2020. The temporary deferral of CECL will remain effective until the earlier of the termination of the national emergency declaration concerning the COVID-19 pandemic or December 31, 2020, with an effective retrospective implementation date of January 1, 2020. There is increased uncertainty on the local, regional, and national economy as a result of local and state stay-at-home orders, as well as relief measures provided at a national, state, and local level. The Company has taken actions to mitigate the impact or potential prospective credit losses including permitting short-term payment deferrals to current customers, as well as actively participating in the SBA’s PPP. These conditions significantly impact management’s determination of a reasonable and supportable forecast, an essential requirement in the calculation of expected credit losses under CECL methodology. The Company believes that the deferral will provide time to better assess the impact of the COVID-19 pandemic on the expected lifetime credit losses. Management will continue to measure and monitor the estimated impacts of CECL adoption through continued parallel testing of model simulations based on our portfolio composition and current expectations of future economic conditions. The Company’s CECL implementation efforts will remain in process in order to adequately comply with the provisions of CECL once the deferral period ceases. Management will continue to measure and monitor the estimated impacts of CECL

SECURITIES (Tables)

SECURITIES (Tables)	3 Months Ended
	Mar. 31, 2020
Investments, Debt and Equity Securities [Abstract]
Summary of Amortized Cost and Fair Value of Available for Sale Securities	The following table summarizes the amortized cost and fair value of the securities available-for-sale portfolio at March 31, 2020 and December 31, 2019 and the corresponding amounts of gross unrealized gains and losses recognized in accumulated other comprehensive income. Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Fair Value March 31, 2020 Mortgage-backed securities: residential $ 286,307 $ 8,369 $ (4) $ 294,672 Mortgage-backed securities: commercial 17,445 336 (86) 17,695 Corporate notes 4,500 108 (85) 4,523 State and political subdivisions 230,728 3,447 (7,840) 226,335 Total $ 538,980 $ 12,260 $ (8,015) $ 543,225 Amortized Gross Gross Fair December 31, 2019 Mortgage-backed securities: residential $ 374,923 $ 1,876 $ (856) $ 375,943 Mortgage-backed securities: commercial 17,858 56 (134) 17,780 Corporate notes 32,825 539 (3) 33,361 State and political subdivisions 222,624 2,566 (142) 225,048 Total $ 648,230 $ 5,037 $ (1,135) $ 652,132
Summary of Proceeds from Sales and Calls of Securities Available for Sale and Associated Gains and Losses	The proceeds from sales, calls, and prepayments of available for sale securities and the associated gains and losses were as follows: Three Months Ended 2020 2019 Proceeds $ 102,426 $ 259,613 Gross gains 1,424 1,801 Gross losses (28) (1,652)
Schedule of Amortized Cost and Fair Value of Investment Securities Portfolio by Contractual Maturity	The amortized cost and fair value of the investment securities portfolio are shown by contractual maturity. Securities not due at a single maturity date, primarily mortgage-backed securities, are shown separately. March 31, 2020 Amortized Cost Fair Value Available-for-sale Over one year through five years $ 1,606 $ 1,642 Over five years through ten years 8,959 8,821 Over ten years 224,663 220,395 Mortgage-backed securities: residential 286,307 294,672 Mortgage-backed securities: commercial 17,445 17,695 Total $ 538,980 $ 543,225
Schedule of Unrealized Losses and Fair Value by Major Security Type	The following table summarizes the securities with unrealized and unrecognized losses at March 31, 2020 and December 31, 2019, aggregated by major security type and length of time in a continuous unrealized loss position: Less Than 12 Months 12 Months or Longer Total Fair Value Unrealized Losses Fair Value Unrealized Losses Fair Value Unrealized Losses March 31, 2020 Available-for-sale Mortgage-backed securities: residential $ 349 $ (3) $ 1,246 $ (1) $ 1,595 $ (4) Mortgage-backed securities: commercial — — 3,193 (86) 3,193 (86) Corporate notes 1,915 (85) — — 1,915 (85) State and political subdivisions 121,212 (7,840) — — 121,212 (7,840) Total available-for-sale $ 123,476 $ (7,928) $ 4,439 $ (87) $ 127,915 $ (8,015) Less Than 12 Months 12 Months or Longer Total Fair Value Unrealized Losses Fair Value Unrealized Losses Fair Value Unrealized Losses December 31, 2019 Available-for-sale Mortgage-backed securities: residential $ 49,390 $ (172) $ 91,644 $ (684) $ 141,034 $ (856) Asset-backed securities 4,436 (29) 7,286 (105) 11,722 (134) Corporate notes 997 (3) — — 997 (3) State and political subdivisions 29,843 (142) — — 29,843 (142) Total available-for-sale $ 84,666 $ (346) $ 98,930 $ (789) $ 183,596 $ (1,135)

LOANS (Tables)

LOANS (Tables)	3 Months Ended
	Mar. 31, 2020
Receivables [Abstract]
Summary of Loans	Loans at March 31, 2020 and December 31, 2019 were as follows: March 31, December 31, Loans Construction and land development $ 627,178 $ 591,541 Commercial real estate: Nonfarm, nonresidential 955,348 944,021 Other 42,610 49,891 Residential real estate: Closed-end 1-4 family 456,610 455,920 Other 191,976 187,681 Commercial and industrial 581,598 582,641 Consumer and other 4,454 4,769 Loans before net deferred loan fees 2,859,774 2,816,464 Deferred loan fees, net (4,006) (4,020) Total loans 2,855,768 2,812,444 Allowance for loan losses (38,403) (45,436) Total loans, net of allowance for loan losses $ 2,817,365 $ 2,767,008
Activity in Allowance for Loan Losses by Portfolio Segment	The following table presents the activity in the allowance for loan losses by portfolio segment for the three-month periods ended March 31, 2020 and 2019: Construction Commercial Residential Commercial Consumer Total Three Months Ended March 31, 2020 Allowance for loan losses: Beginning balance $ 4,847 $ 8,113 $ 4,462 $ 27,957 $ 57 $ 45,436 Provision for loan losses 1,570 905 312 10,222 13 13,022 Loans charged-off — — (8) (20,501) (21) (20,530) Recoveries — — 1 468 6 475 Total ending allowance balance $ 6,417 $ 9,018 $ 4,767 $ 18,146 $ 55 $ 38,403 Three Months Ended March 31, 2019 Allowance for loan losses: Beginning balance $ 4,743 $ 6,725 $ 4,743 $ 7,166 $ 74 $ 23,451 Provision for loan losses (1) 302 80 4,631 43 5,055 Loans charged-off — — (15) (568) (70) (653) Recoveries — — 2 — 2 4 Total ending allowance balance $ 4,742 $ 7,027 $ 4,810 $ 11,229 $ 49 $ 27,857
Allowance for Loan Losses and Recorded Investment in Loans by Portfolio Segment and Based on Impairment Method	The following table presents the balance in the allowance for loan losses and the recorded investment in loans by portfolio segment and based on impairment method as of March 31, 2020 and December 31, 2019. For purposes of this disclosure, recorded investment in loans excludes accrued interest receivable and net deferred loan fees due to immateriality. Construction Commercial Residential Commercial Consumer Total March 31, 2020 Allowance for loan losses: Ending allowance balance attributable to loans: Individually evaluated for impairment $ — $ — $ — $ 6,760 $ — $ 6,760 Collectively evaluated for impairment 6,417 9,018 4,767 11,386 55 31,643 Total ending allowance balance $ 6,417 $ 9,018 $ 4,767 $ 18,146 $ 55 $ 38,403 Loans: Individually evaluated for impairment $ — $ 3,460 $ 3,255 $ 20,719 $ — $ 27,434 Collectively evaluated for impairment 627,178 994,498 645,331 560,879 4,454 2,832,340 Total ending loans balance $ 627,178 $ 997,958 $ 648,586 $ 581,598 $ 4,454 $ 2,859,774 December 31, 2019 Allowance for loan losses: Ending allowance balance attributable to loans: Individually evaluated for impairment $ — $ — $ 17 $ 20,754 $ — $ 20,771 Collectively evaluated for impairment 4,847 8,113 4,445 7,203 57 24,665 Total ending allowance balance $ 4,847 $ 8,113 $ 4,462 $ 27,957 $ 57 $ 45,436 Loans: Individually evaluated for impairment $ 30 $ — $ 2,477 $ 24,528 $ — $ 27,035 Collectively evaluated for impairment 591,511 993,912 641,124 558,113 4,769 2,789,429 Total ending loans balance $ 591,541 $ 993,912 $ 643,601 $ 582,641 $ 4,769 $ 2,816,464
Summary of Impaired Loans by Class of Loans	The following table presents information related to impaired loans by class of loans as of March 31, 2020 and December 31, 2019: Unpaid Recorded Allowance for March 31, 2020 With no allowance recorded: Commercial real estate: Nonfarm, nonresidential $ 3,460 $ 3,460 $ — Residential real estate: Closed-end 1-4 family 950 942 — Other 2,313 2,313 — Commercial and industrial 13,391 13,391 — Subtotal 20,114 20,106 — With an allowance recorded: Commercial and industrial 7,328 7,328 6,760 Subtotal 7,328 7,328 6,760 Total $ 27,442 $ 27,434 $ 6,760 December 31, 2019 With no allowance recorded: Construction and land development $ 30 $ 30 $ — Residential real estate: Closed-end 1-4 family 319 311 — Other 1,523 1,523 — Commercial and industrial 11 11 — Subtotal 1,883 1,875 — With an allowance recorded: Residential real estate: Closed-end 1-4 family 643 643 17 Commercial and industrial 24,517 24,517 20,754 Subtotal 25,160 25,160 20,771 Total $ 27,043 $ 27,035 $ 20,771 The following table presents the average recorded investment of impaired loans by class of loans for the three months ended March 31, 2020 and 2019: Three Months Ended Average Recorded Investment 2020 2019 With no allowance recorded: Construction and land development $ 10 $ 768 Commercial real estate: Nonfarm, nonresidential 4,584 51 Residential real estate: Closed-end 1-4 family 1,260 806 Other 2,840 1,264 Commercial and industrial 19,162 — Subtotal $ 27,856 $ 2,889 With an allowance recorded: Construction and land development $ — $ 183 Commercial real estate: Nonfarm, nonresidential 156 — Residential real estate: Closed-end 1-4 family 213 — Commercial and industrial — 3,170 Subtotal 369 3,353 Total average recorded investment $ 28,225 $ 6,242
Schedule of Recorded Investment in Nonaccrual and Loans Past Due Over 90 Days on Accrual by Class of Loans	The following table presents the recorded investment in nonaccrual loans and loans past due over 90 days still on accrual by class of loans as of March 31, 2020 and December 31, 2019: Nonaccrual Loans Past Due March 31, 2020 Commercial real estate: Nonfarm, nonresidential $ 3,460 $ — Residential real estate: Closed-end 1-4 family 942 — Other 2,313 — Commercial and industrial 20,719 — Total $ 27,434 $ — December 31, 2019 Construction and land development $ 30 $ — Residential real estate: Closed-end 1-4 family 954 — Other 1,523 — Commercial and industrial 24,528 654 Total $ 27,035 $ 654
Schedule of Aging of Recorded Investment in Past Due Loans by Class of Loans	The following table presents the aging of the recorded investment in past due loans as of March 31, 2020 and December 31, 2019 by class of loans: 30-59 60-89 Greater Total Loans Total March 31, 2020 Construction and land development $ 1,753 $ 2,484 $ — $ 4,237 $ 622,941 $ 627,178 Commercial real estate: Nonfarm, nonresidential 8,149 — 3,460 11,609 943,739 955,348 Other — — — — 42,610 42,610 Residential real estate: Closed-end 1-4 family 4,729 2 — 4,731 451,879 456,610 Other 916 — 395 1,311 190,665 191,976 Commercial and industrial 3,857 619 15,311 19,787 561,811 581,598 Consumer and other — — — — 4,454 4,454 $ 19,404 $ 3,105 $ 19,166 $ 41,675 $ 2,818,099 $ 2,859,774 December 31, 2019 Construction and land development $ 508 $ — $ 30 $ 538 $ 591,003 $ 591,541 Commercial real estate: Nonfarm, nonresidential 3,981 — — 3,981 940,040 944,021 Other — — — — 49,891 49,891 Residential real estate: Closed-end 1-4 family 2,688 224 8 2,920 453,000 455,920 Other 85 961 555 1,601 186,080 187,681 Commercial and industrial 663 7,156 735 8,554 574,087 582,641 Consumer and other — — — — 4,769 4,769 $ 7,925 $ 8,341 $ 1,328 $ 17,594 $ 2,798,870 $ 2,816,464
Summary of Risk Category of Loans by Class of Loans	Based on the most recent analysis performed, the risk category of loans by class of loans is as follows as of March 31, 2020 and December 31, 2019: Pass Special Substandard Total March 31, 2020 Construction and land development $ 627,178 $ — $ — $ 627,178 Commercial real estate: Nonfarm, nonresidential 946,120 4,012 5,216 955,348 Other 42,610 — — 42,610 Residential real estate: Closed-end 1-4 family 453,892 819 1,899 456,610 Other 188,830 — 3,146 191,976 Commercial and industrial 543,565 600 37,433 581,598 Consumer and other 4,454 — — 4,454 $ 2,806,649 $ 5,431 $ 47,694 $ 2,859,774 Pass Special Substandard Total December 31, 2019 Construction and land development $ 591,293 $ 248 $ — $ 591,541 Commercial real estate: Nonfarm, nonresidential 941,260 997 1,764 944,021 Other 49,891 — — 49,891 Residential real estate: Closed-end 1-4 family 452,363 825 2,732 455,920 Other 185,170 — 2,511 187,681 Commercial and industrial 539,442 943 42,256 582,641 Consumer and other 4,769 — — 4,769 $ 2,764,188 $ 3,013 $ 49,263 $ 2,816,464

LOAN SERVICING (Tables)

LOAN SERVICING (Tables)	3 Months Ended
	Mar. 31, 2020
Transfers and Servicing [Abstract]
Schedule of Loans Serviced Not Reported as Assets	Loans serviced for others are not reported as assets. The principal balances of these loans at March 31, 2020 and December 31, 2019 are as follows: March 31, December 31, Loan portfolios serviced for: Federal Home Loan Mortgage Corporation $ 498,705 $ 488,790 Federal National Mortgage Association 17,146 10,221 Other 3,455 3,504
Related Loan Servicing Rights Activity	The related loan servicing rights activity for the three months ended March 31, 2020 and 2019 were as follows: Three Months Ended 2020 2019 Servicing rights: Beginning of period $ 3,246 $ 3,403 Additions 394 188 Amortized to expense (358) (225) Change in impairment (225) — End of period $ 3,057 $ 3,366
Components of Net Loan Servicing Fees	The components of net loan servicing fees for the three months ended March 31, 2020 and 2019 were as follows: Three Months Ended 2020 2019 Loan servicing fees, net: Loan servicing fees $ 322 $ 306 Amortization of loan servicing fees (358) (225) Change in impairment (225) — Total $ (261) $ 81

LEASES (Tables)

LEASES (Tables)	3 Months Ended
	Mar. 31, 2020
Leases [Abstract]
Schedule of Assets and Liabilities, Lessee	The following table represents lease assets and lease liabilities as of March 31, 2020, and December 31, 2019. Lease right-of-use assets Classification March 31, 2020 December 31, 2019 Operating lease right-of-use assets Other Assets $ 19,579 39,594 Finance lease right-of-use assets Other Assets 2,768 2,819 Total lease right-of-use assets $ 22,347 42,413 Lease liabilities Classification March 31, 2020 December 31, 2019 Operating lease right-of-use assets Other Liabilities $ 20,509 41,308 Finance lease right-of-use assets Other Liabilities 2,913 2,942 Total lease liabilities $ 23,422 44,250

SHARE-BASED PAYMENTS (Tables)

SHARE-BASED PAYMENTS (Tables)	3 Months Ended
	Mar. 31, 2020
Equity [Abstract]
Fair Value Assumptions of Stock Options	The fair value of options granted during the three months ended March 31, 2019, was determined using the following weighted-average assumptions as of grant date. March 31, 2019 Risk-free interest rate 2.31 % Expected term 7 years Expected stock price volatility 30.44 % Dividend yield 0.50 %
Summary of Company's Stock Option Activities	A summary of the activity in the plans for the three months ended March 31, 2020 follows: Shares Weighted Average Exercise Price Weighted Average Remaining Contractual Term Aggregate Intrinsic Value Outstanding at January 1, 2020 1,502,070 $ 22.39 Granted — — Exercised (37,416) 11.19 Forfeited, expired, or cancelled (6,274) 25.24 Outstanding at period end 1,458,380 $ 26.24 6.30 $ 2,921 Vested or expected to vest 1,385,461 $ 26.24 5.77 $ 2,775 Exercisable at period end 335,225 $ 11.68 5.77 $ 2,921
Summary of Stock Options Exercised	For the Three Months Ended 2020 2019 Stock options exercised: Intrinsic value of options exercised $ 943 $ 623 Cash received from options exercised 417 524 Tax benefit realized from option exercises 210 113
Summary of Activity for Nonvested Restricted Share Awards	A summary of activity for non-vested restricted share awards for the three months ended March 31, 2020 is as follows: Non-vested Shares Shares Weighted- Non-vested at January 1, 2020 90,992 $ 32.54 Granted — — Vested (468) 28.52 Forfeited (122) 31.18 Non-vested at March 31, 2020 90,402
Summary of Vesting Criteria for Restricted Stock Units	The Company began granting restricted stock units in 2019. The following table outlines restricted stock units that were outstanding, grouped by similar vesting criteria, as of March 31, 2020: Grant year Units Awarded Service period in years Period in which units to be settled into shares of common stock 2019 2,870 5.0 2024 2019 152,048 3.0 2022 2020 120,824 3.0 2023

REGULATORY CAPITAL MATTERS (Tab

REGULATORY CAPITAL MATTERS (Tables)	3 Months Ended
	Mar. 31, 2020
Broker-Dealer, Net Capital Requirement, SEC Regulation [Abstract]
Actual and Required Capital Amounts and Ratios	as of March 31, 2020, and December 31, 2019, based on the Basel III Capital Rules discussed above. Actual Required To Be Well Amount Ratio Amount Ratio Amount Ratio March 31, 2020 Company-Level Company common equity Tier 1 capital to RWA $ 388,222 12.0 % $ 146,134 4.5 % N/A N/A Company Total Capital to RWA $ 485,625 15.0 % $ 259,793 8.0 % N/A N/A Company Tier 1 (Core) Capital to RWA $ 388,222 12.0 % $ 194,845 6.0 % N/A N/A Company Tier 1 (Core) Capital to average assets $ 388,222 10.1 % $ 154,131 4.0 % N/A N/A Bank-Level Bank common equity Tier 1 capital to RWA $ 442,454 13.6 % $ 146,039 4.5 % $ 210,946 6.5 % Bank Total Capital to RWA $ 480,940 14.8 % $ 259,626 8.0 % $ 324,532 10.0 % Bank Tier 1 (Core) Capital to RWA $ 442,454 13.6 % $ 194,719 6.0 % $ 259,626 8.0 % Bank Tier 1 (Core) Capital to average assets $ 442,454 11.5 % $ 153,905 4.0 % $ 192,381 5.0 % December 31, 2019 Company-Level Company common equity Tier 1 capital to RWA $ 388,199 11.9 % $ 146,711 4.5 % N/A N/A Company Total Capital to RWA $ 487,966 15.0 % $ 260,819 8.0 % N/A N/A Company Tier 1 (Core) Capital to RWA $ 388,199 11.9 % $ 195,614 6.0 % N/A N/A Company Tier 1 (Core) Capital to average assets $ 388,199 10.3 % $ 151,456 4.0 % N/A N/A Bank-Level Bank common equity Tier 1 capital to RWA $ 441,348 13.6 % $ 146,491 4.5 % $ 211,599 6.5 % Bank Total Capital to RWA $ 482,183 14.8 % $ 260,429 8.0 % $ 325,536 10.0 % Bank Tier 1 (Core) Capital to RWA $ 441,348 13.6 % $ 195,322 6.0 % $ 260,429 8.0 % Bank Tier 1 (Core) Capital to average assets $ 441,348 11.7 % $ 151,255 4.0 % $ 189,069 5.0 % Note: Minimum ratios presented exclude the capital conservation buffer

DERIVATIVE INSTRUMENTS (Tables)

DERIVATIVE INSTRUMENTS (Tables)	3 Months Ended
	Mar. 31, 2020
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Schedule of Derivatives Designated Hedge Relationships	A summary of the Company's fair value hedge relationships as of March 31, 2020 and December 31, 2019 are as follows (in thousands): March 31, 2020 December 31, 2019 Balance Sheet Location Weighted Average Remaining Maturity (In Years) Weighted Average Pay Rate Receive Rate Notional Amount Estimated Fair Value Notional Amount Estimated Fair Value Liability derivative Interest rate swap agreements - securities Other liabilities 6.55 2.527% 3 month LIBOR $ 101,205 $ 13,362 $ 101,205 $ 4,954 March 31, 2020 December 31, 2019 Balance Sheet Location Weighted Average Remaining Maturity (In Years) Weighted Average Pay Rate Receive Rate Notional Amount Estimated Fair Value Notional Amount Estimated Fair Value Liability derivatives Interest rate swap agreements Other liabilities 2.1 2.232% 1 month LIBOR 100,000 $ 3,933 $ 100,000 $ 1,592
Schedule of Effects of Fair Value Hedge Relationships Reported in Interest Income on Securities on Consolidated Statements of Income	The effects of fair value hedge relationships reported in interest income on securities on the consolidated statements of income for the three months ended March 31, 2020 and 2019 were as follows (in thousands): Three Months Ended March 31, Gain (loss) on fair value hedging relationship 2020 2019 Interest rate swap agreements - securities: Hedged items $ 13,362 $ 1,118 Derivative designated as hedging instruments (13,362) (1,118)
Schedule of Amounts Related to Cumulative Basis Adjustments for Fair Value Hedges	The following amounts were recorded on the balance sheet related to cumulative basis adjustments for fair value hedges at March 31, 2020: Carrying Amount of the Hedged Assets (in thousands) Cumulative Amount of Fair Value Hedging Adjustment Included in the Carrying Amount of the Hedged Assets Line item on the balance sheet March 31, 2020 December 31, 2019 March 31, 2020 December 31, 2019 Securities available-for-sale $101,205 $101,205 $13,362 $4,954
Schedule of Cash Flow Hedges Included in Accumulated Other Comprehensive Income (Loss)	The effects of the Company's cash flow hedge relationships on the statement of comprehensive income (loss) during the three months ended March 31, 2020 and 2019 were as follows: Amount of Gain (Loss) Recognized in Other Comprehensive Income (Loss) Three Months Ended March 31, 2020 2019 Liability derivatives Interest rate swap agreements $ (1,729) $ —

COMMITMENTS AND CONTINGENCIES (

COMMITMENTS AND CONTINGENCIES (Tables)	3 Months Ended
	Mar. 31, 2020
Commitments and Contingencies Disclosure [Abstract]
Summary of Contractual Amounts of Financial Instruments with Off-Balance-Sheet Risk	The contractual amounts of financial instruments with off-balance sheet risk were as follows: March 31, 2020 December 31, 2019 Fixed Variable Total Fixed Variable Total Unused lines of credit $ 88,571 $ 649,618 $ 738,189 $ 89,040 $ 701,326 $ 790,366 Standby letters of credit 7,098 46,165 53,263 7,119 48,750 55,869 Mortgage loan commitments 156,421 — 156,421 48,999 — 48,999

FAIR VALUE (Tables)

FAIR VALUE (Tables)	3 Months Ended
	Mar. 31, 2020
Fair Value Disclosures [Abstract]
Assets and Liabilities Measured at Fair Value on Recurring Basis	Assets and liabilities measured at fair value on a recurring basis, including financial assets and liabilities for which the Company has elected the fair value option, are summarized below: Fair Value Measurements at March 31, Quoted Prices Significant Significant Financial Assets Securities available-for-sale Mortgage-backed securities-residential — 294,672 — Mortgage-backed securities-commercial — 17,695 — Corporate notes — 4,523 — State and political subdivisions — 226,335 — Total securities available-for-sale $ — $ 543,225 $ — Loans held for sale $ — $ 42,682 $ — Derivative assets $ — $ 1,166 $ — Financial Liabilities Derivative liabilities $ — $ 18,905 $ — Fair Value Measurements at December 31, Quoted Prices Significant Significant Financial Assets Securities available-for-sale Mortgage-backed securities-residential — 375,943 — Asset-backed securities — 17,780 — Corporate notes — 33,361 — State and political subdivisions — 225,048 — Total securities available for sale $ — $ 652,132 $ — Loans held-for-sale $ — $ 43,162 $ — Derivative assets $ — $ 225 $ — Financial Liabilities Derivative liabilities $ — $ 6,619 $ —
Carrying Amount and Estimated Fair Value of Financial Instruments	Fair Value Measurements at March 31, Carrying Level 1 Level 2 Level 3 Total Financial assets Cash and cash equivalents $ 173,482 $ 173,482 $ — $ — $ 173,482 Certificates of deposit held at other financial institutions 3,345 — 3,345 — 3,345 Securities available for sale 543,225 — 543,225 — 543,225 Loans held for sale 42,682 — 42,682 — 42,682 Net loans 2,817,365 — — 2,736,626 2,736,626 Other assets 1,166 — 1,166 — 1,166 Accrued interest receivable 12,043 36 3,183 8,824 12,043 Financial liabilities Deposits $ 3,137,471 $ 2,506,175 $ 638,714 $ — $ 3,144,889 Federal Home Loan Bank advances 135,000 — 135,080 — 135,080 Subordinated notes, net 58,916 — — 58,716 58,716 Other liabilities 18,905 — 18,905 — 18,905 Accrued interest payable 3,179 127 2,702 350 3,179 Fair Value Measurements at December 31, Carrying Level 1 Level 2 Level 3 Total Financial assets Cash and cash equivalents $ 234,991 $ 234,991 $ — $ — $ 234,991 Certificates of deposit held at other financial institutions 3,590 — 3,590 — 3,590 Securities available-for-sale 652,132 — 652,132 — 652,132 Loans held for sale 43,162 — 43,162 — 43,162 Net loans 2,767,008 — — 2,753,761 2,753,761 Other assets 225 — 225 — 225 Accrued interest receivable 12,362 96 3,775 8,491 12,362 Financial liabilities Deposits $ 3,207,584 $ 2,458,555 $ 749,656 $ — $ 3,208,211 Federal Home Loan Bank advances 155,000 — 155,090 — 155,090 Subordinated notes, net 58,872 — — 60,922 60,922 Other liabilities 6,619 — 6,619 — 6,619 Accrued interest payable 4,201 154 687 3,360 4,201
Fair Value, Assets Measured on Recurring and Nonrecurring Basis	The following table presents assets measured at fair value on a non-recurring basis. There were no liabilities measured at fair value on a non-recurring basis as of March 31, 2020, and December 31, 2019. Total carrying value in the Quoted market prices in Models with significant Models with significant Total losses for the period ended March 31, 2020 Impaired loans, net: (1) Commercial and industrial $ 570 $ — $ — $ 570 $ — Servicing rights, net 3,057 — — 3,057 225 Total $ 3,627 $ — $ — $ 3,627 $ 225 December 31, 2019 Impaired loans, net: (1) Residential real estate: Closed-end 1-4 family $ 626 $ — $ — $ 626 $ — Commercial and industrial 3,763 — 3,650 113 — Total $ 4,389 $ — $ 3,650 $ 739 $ — (1) Amount is net of a valuation allowance of $6,760 and $20,771 at March 31, 2020 and December 31, 2019, respectively, as required by ASC 310-10, "Receivables."

EARNINGS PER SHARE (Tables)

EARNINGS PER SHARE (Tables)	3 Months Ended
	Mar. 31, 2020
Earnings Per Share [Abstract]
Computation of Earnings per Share	The factors used in the earnings per share computation follow: Three Months Ended 2020 2019 Basic Net income available to common shareholders $ (1,148) $ 2,901 Less: earnings allocated to participating securities (7) (34) Net income allocated to common shareholders $ (1,155) $ 2,867 Weighted average common shares outstanding including participating securities 14,849,535 14,561,721 Less: Participating securities (90,575) (168,638) Average shares 14,758,960 14,393,083 Basic earnings per common share $ (0.08) $ 0.20 Three Months Ended 2020 2019 Diluted Net income allocated to common shareholders $ (1,155) $ 2,867 Weighted average common shares outstanding for basic earnings per common share 14,758,960 14,393,083 Add: Dilutive effects of assumed exercises of stock options — 411,747 Add: Dilutive effects of assumed restricted stock units — — Average shares and dilutive potential common shares 14,758,960 14,804,830 Dilutive earnings per common share $ (0.08) $ 0.19

SUBORDINATED DEBT ISSUANCE (Tab

SUBORDINATED DEBT ISSUANCE (Tables)	3 Months Ended
	Mar. 31, 2020
Debt Disclosure [Abstract]
Summary of Terms of Each Subordinated Note offering	The following table summarizes the terms of each subordinated note offering: March 2016 June 2016 Principal amount issued $40,000 $20,000 Maturity date March 30, 2026 July 1, 2026 Initial fixed interest rate 6.875% 7.00% Initial interest rate period 5 years 5 years First interest rate change date March 30, 2021 July 1, 2021 Interest payment frequency through year five Semiannually Semiannually Interest payment frequency after five years Quarterly Quarterly Interest repricing index and margin 3-month LIBOR plus 5.636% 3-month LIBOR plus 6.04% Repricing frequency after five years Quarterly Quarterly

BASIS OF PRESENTATION - Additio

BASIS OF PRESENTATION - Additional Information (Detail) $ in Thousands	1 Months Ended	3 Months Ended
	Apr. 30, 2020USD ($)loan	Mar. 31, 2020USD ($)	Dec. 31, 2019USD ($)
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Financing receivable, after allowance for credit loss		$ 2,817,365	$ 2,767,008
COVID-19
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Loan deferral period		90 days
Subsequent Event | COVID-19
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Loans approved, amount	$ 644,000
Financing receivable, term	2 years
Financing receivable, stated interest rate	1.00%
Financing receivable, after allowance for credit loss	$ 50,000
Subsequent Event | Minimum | COVID-19
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Number of loans approved | loan	420
Number of loans issued or in process | loan	325

SECURITIES - Summary of Amortiz

SECURITIES - Summary of Amortized Cost and Fair Value of Securities Available for Sale (Detail) - USD ($) $ in Thousands	Mar. 31, 2020	Dec. 31, 2019
Debt Securities, Available-for-sale [Line Items]
Amortized Cost	$ 538,980	$ 648,230
Gross Unrealized Gains	12,260	5,037
Gross Unrealized Losses	(8,015)	(1,135)
Fair Value	543,225	652,132
Mortgage-backed securities: residential
Debt Securities, Available-for-sale [Line Items]
Amortized Cost	286,307	374,923
Gross Unrealized Gains	8,369	1,876
Gross Unrealized Losses	(4)	(856)
Fair Value	294,672	375,943
Mortgage-backed securities: commercial
Debt Securities, Available-for-sale [Line Items]
Amortized Cost	17,445	17,858
Gross Unrealized Gains	336	56
Gross Unrealized Losses	(86)	(134)
Fair Value	17,695	17,780
Corporate notes
Debt Securities, Available-for-sale [Line Items]
Amortized Cost	4,500	32,825
Gross Unrealized Gains	108	539
Gross Unrealized Losses	(85)	(3)
Fair Value	4,523	33,361
State and political subdivisions
Debt Securities, Available-for-sale [Line Items]
Amortized Cost	230,728	222,624
Gross Unrealized Gains	3,447	2,566
Gross Unrealized Losses	(7,840)	(142)
Fair Value	$ 226,335	$ 225,048

SECURITIES - Additional Informa

SECURITIES - Additional Information (Detail) $ in Thousands	Mar. 31, 2020USD ($)security	Dec. 31, 2019USD ($)security
Investments, Debt and Equity Securities [Abstract]
Number of securities held to maturity | security	0	0
Carrying value of pledged securities | $	$ 287,371	$ 294,585

SECURITIES - Summary of Proceed

SECURITIES - Summary of Proceeds from Sales and Calls of Securities Available for Sale and Associated Gains and Losses (Detail) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Investments, Debt and Equity Securities [Abstract]
Proceeds	$ 102,426	$ 259,613
Gross gains	1,424	1,801
Gross losses	$ (28)	$ (1,652)

SECURITIES - Schedule of Amorti

SECURITIES - Schedule of Amortized Cost and Fair Value of Investment Securities Portfolio by Contractual Maturity (Detail) - USD ($) $ in Thousands	Mar. 31, 2020	Dec. 31, 2019
Amortized Cost
Over one year through five years	$ 1,606
Over five years through ten years	8,959
Over ten years	224,663
Amortized Cost	538,980	$ 648,230
Fair Value
Over one year through five years	1,642
Over five years through ten years	8,821
Over ten years	220,395
Total	543,225	652,132
Mortgage-backed securities: residential
Amortized Cost
Mortgage-backed securities	286,307
Amortized Cost	286,307	374,923
Fair Value
Mortgage-backed securities	294,672
Total	294,672	375,943
Mortgage-backed securities: commercial
Amortized Cost
Mortgage-backed securities	17,445
Amortized Cost	17,445	17,858
Fair Value
Mortgage-backed securities	17,695
Total	$ 17,695	$ 17,780

SECURITIES - Schedule of Unreal

SECURITIES - Schedule of Unrealized Losses and Fair Value by Major Security Type (Detail) - USD ($) $ in Thousands	Mar. 31, 2020	Dec. 31, 2019
Fair Value
Less Than 12 Months	$ 123,476	$ 84,666
12 Months or Longer	4,439	98,930
Total	127,915	183,596
Unrealized Losses
Less Than 12 Months	(7,928)	(346)
12 Months or Longer	(87)	(789)
Total	(8,015)	(1,135)
Mortgage-backed securities: residential
Fair Value
Less Than 12 Months	349	49,390
12 Months or Longer	1,246	91,644
Total	1,595	141,034
Unrealized Losses
Less Than 12 Months	(3)	(172)
12 Months or Longer	(1)	(684)
Total	(4)	(856)
Mortgage-backed securities: commercial
Fair Value
Less Than 12 Months	0
12 Months or Longer	3,193
Total	3,193
Unrealized Losses
Less Than 12 Months	0
12 Months or Longer	(86)
Total	(86)
Asset-backed securities
Fair Value
Less Than 12 Months		4,436
12 Months or Longer		7,286
Total		11,722
Unrealized Losses
Less Than 12 Months		(29)
12 Months or Longer		(105)
Total		(134)
Corporate notes
Fair Value
Less Than 12 Months	1,915	997
12 Months or Longer	0	0
Total	1,915	997
Unrealized Losses
Less Than 12 Months	(85)	(3)
12 Months or Longer	0	0
Total	(85)	(3)
State and political subdivisions
Fair Value
Less Than 12 Months	121,212	29,843
12 Months or Longer	0	0
Total	121,212	29,843
Unrealized Losses
Less Than 12 Months	(7,840)	(142)
12 Months or Longer	0	0
Total	$ (7,840)	$ (142)

LOANS - Summary of Loans (Detai

LOANS - Summary of Loans (Detail) - USD ($) $ in Thousands	Mar. 31, 2020	Dec. 31, 2019	Mar. 31, 2019	Dec. 31, 2018
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financing Receivable, before Allowance for Credit Loss and Fee	$ 2,859,774	$ 2,816,464
Deferred loan fees, net	(4,006)	(4,020)
Total loans	2,855,768	2,812,444
Allowance for loan losses	(38,403)	(45,436)	$ (27,857)	$ (23,451)
Financing receivable, after allowance for credit loss	2,817,365	2,767,008
Construction and land development
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financing Receivable, before Allowance for Credit Loss and Fee	627,178	591,541
Allowance for loan losses	(6,417)	(4,847)	(4,742)	(4,743)
Commercial real estate:
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financing Receivable, before Allowance for Credit Loss and Fee	997,958	993,912
Allowance for loan losses	(9,018)	(8,113)	(7,027)	(6,725)
Commercial real estate: | Nonfarm, nonresidential
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financing Receivable, before Allowance for Credit Loss and Fee	955,348	944,021
Commercial real estate: | Other
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financing Receivable, before Allowance for Credit Loss and Fee	42,610	49,891
Residential real estate:
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financing Receivable, before Allowance for Credit Loss and Fee	648,586	643,601
Allowance for loan losses	(4,767)	(4,462)	(4,810)	(4,743)
Residential real estate: | Closed-end 1-4 family
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financing Receivable, before Allowance for Credit Loss and Fee	456,610	455,920
Residential real estate: | Other
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financing Receivable, before Allowance for Credit Loss and Fee	191,976	187,681
Commercial and industrial
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financing Receivable, before Allowance for Credit Loss and Fee	581,598	582,641
Allowance for loan losses	(18,146)	(27,957)	(11,229)	(7,166)
Consumer and other
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financing Receivable, before Allowance for Credit Loss and Fee	4,454	4,769
Allowance for loan losses	$ (55)	$ (57)	$ (49)	$ (74)

LOANS - Activity in Allowance f

LOANS - Activity in Allowance for Loan Losses by Portfolio Segment (Detail) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Financing Receivable, Allowance for Credit Loss [Roll Forward]
Beginning balance	$ 45,436	$ 23,451
Provision for loan losses	13,022	5,055
Loans charged-off	(20,530)	(653)
Recoveries	475	4
Total ending allowance balance	38,403	27,857
Construction and land development
Financing Receivable, Allowance for Credit Loss [Roll Forward]
Beginning balance	4,847	4,743
Provision for loan losses	1,570	(1)
Loans charged-off	0	0
Recoveries	0	0
Total ending allowance balance	6,417	4,742
Commercial real estate:
Financing Receivable, Allowance for Credit Loss [Roll Forward]
Beginning balance	8,113	6,725
Provision for loan losses	905	302
Loans charged-off	0	0
Recoveries	0	0
Total ending allowance balance	9,018	7,027
Residential real estate:
Financing Receivable, Allowance for Credit Loss [Roll Forward]
Beginning balance	4,462	4,743
Provision for loan losses	312	80
Loans charged-off	(8)	(15)
Recoveries	1	2
Total ending allowance balance	4,767	4,810
Commercial and industrial
Financing Receivable, Allowance for Credit Loss [Roll Forward]
Beginning balance	27,957	7,166
Provision for loan losses	10,222	4,631
Loans charged-off	(20,501)	(568)
Recoveries	468	0
Total ending allowance balance	18,146	11,229
Consumer and other
Financing Receivable, Allowance for Credit Loss [Roll Forward]
Beginning balance	57	74
Provision for loan losses	13	43
Loans charged-off	(21)	(70)
Recoveries	6	2
Total ending allowance balance	$ 55	$ 49

LOANS - Allowance for Loan Loss

LOANS - Allowance for Loan Losses and Recorded Investment in Loans by Portfolio Segment and Based on Impairment Method (Detail) - USD ($) $ in Thousands	Mar. 31, 2020	Dec. 31, 2019
Financing Receivable, Allowance for Credit Losses [Line Items]
Individually evaluated for impairment	$ 6,760	$ 20,771
Collectively evaluated for impairment	31,643	24,665
Total ending allowance balance	38,403	45,436
Individually evaluated for impairment	27,434	27,035
Collectively evaluated for impairment	2,832,340	2,789,429
Total ending loans balance	2,859,774	2,816,464
Construction and land development
Financing Receivable, Allowance for Credit Losses [Line Items]
Individually evaluated for impairment	0	0
Collectively evaluated for impairment	6,417	4,847
Total ending allowance balance	6,417	4,847
Individually evaluated for impairment	0	30
Collectively evaluated for impairment	627,178	591,511
Total ending loans balance	627,178	591,541
Commercial real estate:
Financing Receivable, Allowance for Credit Losses [Line Items]
Individually evaluated for impairment	0	0
Collectively evaluated for impairment	9,018	8,113
Total ending allowance balance	9,018	8,113
Individually evaluated for impairment	3,460	0
Collectively evaluated for impairment	994,498	993,912
Total ending loans balance	997,958	993,912
Residential real estate:
Financing Receivable, Allowance for Credit Losses [Line Items]
Individually evaluated for impairment	0	17
Collectively evaluated for impairment	4,767	4,445
Total ending allowance balance	4,767	4,462
Individually evaluated for impairment	3,255	2,477
Collectively evaluated for impairment	645,331	641,124
Total ending loans balance	648,586	643,601
Commercial and industrial
Financing Receivable, Allowance for Credit Losses [Line Items]
Individually evaluated for impairment	6,760	20,754
Collectively evaluated for impairment	11,386	7,203
Total ending allowance balance	18,146	27,957
Individually evaluated for impairment	20,719	24,528
Collectively evaluated for impairment	560,879	558,113
Total ending loans balance	581,598	582,641
Consumer and other
Financing Receivable, Allowance for Credit Losses [Line Items]
Individually evaluated for impairment	0	0
Collectively evaluated for impairment	55	57
Total ending allowance balance	55	57
Individually evaluated for impairment	0	0
Collectively evaluated for impairment	4,454	4,769
Total ending loans balance	$ 4,454	$ 4,769

LOANS - Additional Information

LOANS - Additional Information (Detail) $ in Thousands	3 Months Ended	6 Months Ended
	Mar. 31, 2020USD ($)contract	Jun. 30, 2019contract	Apr. 30, 2020USD ($)loan	Dec. 31, 2019USD ($)	Mar. 31, 2019USD ($)	Dec. 31, 2018USD ($)
Accounts, Notes, Loans and Financing Receivable [Line Items]
Collectively evaluated for impairment	$ 31,643			$ 24,665
Unpaid principal amount	27,442			27,043
Allowance for loan losses	$ 38,403			45,436	$ 27,857	$ 23,451
Number of loans modified as troubled debt restructuring | contract	2	1
Loans modified as troubled debt restructuring, Amount	$ 6,903			$ 311
Subsequent Event | COVID-19
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans approved, amount			$ 644,000
Minimum | Subsequent Event | COVID-19
Accounts, Notes, Loans and Financing Receivable [Line Items]
Number of loans approved | loan			420
Financial Asset, Other than Financial Asset Acquired with Credit Deterioration
Accounts, Notes, Loans and Financing Receivable [Line Items]
Collectively evaluated for impairment	51,882
Unpaid principal amount	52,588
Discount (premium)	706
Allowance for loan losses	$ 56

LOANS - Summary of Impaired Loa

LOANS - Summary of Impaired Loans by Class of Loans (Detail) - USD ($) $ in Thousands	Mar. 31, 2020	Dec. 31, 2019
Unpaid Principal Balance
With no allowance recorded:	$ 20,114	$ 1,883
With an allowance recorded:	7,328	25,160
Total	27,442	27,043
Recorded Investment
With no allowance recorded:	20,106	1,875
With an allowance recorded:	7,328	25,160
Total	27,434	27,035
Allowance for Loan Losses Allocated	6,760	20,771
Commercial real estate: | Nonfarm, nonresidential
Unpaid Principal Balance
With no allowance recorded:	3,460
Recorded Investment
With no allowance recorded:	3,460
Residential real estate: | Closed-end 1-4 family
Unpaid Principal Balance
With no allowance recorded:	950	319
With an allowance recorded:		643
Recorded Investment
With no allowance recorded:	942	311
With an allowance recorded:		643
Allowance for Loan Losses Allocated		17
Residential real estate: | Other
Unpaid Principal Balance
With no allowance recorded:	2,313	1,523
Recorded Investment
With no allowance recorded:	2,313	1,523
Construction and land development
Unpaid Principal Balance
With no allowance recorded:		30
Recorded Investment
With no allowance recorded:		30
Commercial and industrial
Unpaid Principal Balance
With no allowance recorded:	13,391	11
With an allowance recorded:	7,328	24,517
Recorded Investment
With no allowance recorded:	13,391	11
With an allowance recorded:	7,328	24,517
Allowance for Loan Losses Allocated	$ 6,760	$ 20,754

LOANS - Average Recorded Invest

LOANS - Average Recorded Investment of Impaired Loans by Class of Loan (Detail) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Financing Receivable, Impaired [Line Items]
With no allowance recorded:	$ 27,856	$ 2,889
With an allowance recorded:	369	3,353
Total average recorded investment	28,225	6,242
Construction and land development
Financing Receivable, Impaired [Line Items]
With no allowance recorded:	10	768
With an allowance recorded:	0	183
Commercial real estate: | Nonfarm, nonresidential
Financing Receivable, Impaired [Line Items]
With no allowance recorded:	4,584	51
With an allowance recorded:	156	0
Residential real estate:
Financing Receivable, Impaired [Line Items]
With an allowance recorded:	213	0
Residential real estate: | Closed-end 1-4 family
Financing Receivable, Impaired [Line Items]
With no allowance recorded:	1,260	806
Residential real estate: | Other
Financing Receivable, Impaired [Line Items]
With no allowance recorded:	2,840	1,264
Commercial and industrial
Financing Receivable, Impaired [Line Items]
With no allowance recorded:	19,162	0
With an allowance recorded:	$ 0	$ 3,170

LOANS - Schedule of Recorded In

LOANS - Schedule of Recorded Investment in Nonaccrual and Loans Past Due Over 90 Days on Accrual by Class of Loans (Detail) - USD ($) $ in Thousands	Mar. 31, 2020	Dec. 31, 2019	Mar. 31, 2019
Financing Receivable, Recorded Investment, Past Due [Line Items]
Nonaccrual	$ 27,434	$ 27,035
Loans Past Due Over 90 Days And Still Accruing Interest	0	654
Commercial real estate: | Nonfarm, nonresidential
Financing Receivable, Recorded Investment, Past Due [Line Items]
Nonaccrual	3,460
Loans Past Due Over 90 Days And Still Accruing Interest	0
Construction and land development | Construction and land development
Financing Receivable, Recorded Investment, Past Due [Line Items]
Nonaccrual		30
Loans Past Due Over 90 Days And Still Accruing Interest			$ 0
Residential real estate: | Closed-end 1-4 family
Financing Receivable, Recorded Investment, Past Due [Line Items]
Nonaccrual	942	954
Loans Past Due Over 90 Days And Still Accruing Interest	0		0
Residential real estate: | Other
Financing Receivable, Recorded Investment, Past Due [Line Items]
Nonaccrual	2,313	1,523
Loans Past Due Over 90 Days And Still Accruing Interest	0		0
Commercial and industrial | Commercial and industrial
Financing Receivable, Recorded Investment, Past Due [Line Items]
Nonaccrual	20,719		$ 24,528
Loans Past Due Over 90 Days And Still Accruing Interest	$ 0	$ 654

LOANS - Schedule of Aging of Re

LOANS - Schedule of Aging of Recorded Investment in Past Due Loans by Class of Loans (Detail) - USD ($) $ in Thousands	Mar. 31, 2020	Dec. 31, 2019
Financing Receivable, Recorded Investment, Past Due [Line Items]
Aging of recorded investment, total past due	$ 41,675	$ 17,594
Aging of recorded investment, loans not Past due	2,818,099	2,798,870
Total ending loans balance	2,859,774	2,816,464
30-59 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Aging of recorded investment, total past due	19,404	7,925
60-89 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Aging of recorded investment, total past due	3,105	8,341
Greater Than 89 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Aging of recorded investment, total past due	19,166	1,328
Construction and land development
Financing Receivable, Recorded Investment, Past Due [Line Items]
Aging of recorded investment, total past due	4,237	538
Aging of recorded investment, loans not Past due	622,941	591,003
Total ending loans balance	627,178	591,541
Construction and land development | 30-59 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Aging of recorded investment, total past due	1,753	508
Construction and land development | 60-89 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Aging of recorded investment, total past due	2,484	0
Construction and land development | Greater Than 89 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Aging of recorded investment, total past due	0	30
Commercial real estate:
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total ending loans balance	997,958	993,912
Commercial real estate: | Nonfarm, nonresidential
Financing Receivable, Recorded Investment, Past Due [Line Items]
Aging of recorded investment, total past due	11,609	3,981
Aging of recorded investment, loans not Past due	943,739	940,040
Total ending loans balance	955,348	944,021
Commercial real estate: | Other
Financing Receivable, Recorded Investment, Past Due [Line Items]
Aging of recorded investment, total past due	0	0
Aging of recorded investment, loans not Past due	42,610	49,891
Total ending loans balance	42,610	49,891
Commercial real estate: | 30-59 Days Past Due | Nonfarm, nonresidential
Financing Receivable, Recorded Investment, Past Due [Line Items]
Aging of recorded investment, total past due	8,149	3,981
Commercial real estate: | 30-59 Days Past Due | Other
Financing Receivable, Recorded Investment, Past Due [Line Items]
Aging of recorded investment, total past due	0	0
Commercial real estate: | 60-89 Days Past Due | Nonfarm, nonresidential
Financing Receivable, Recorded Investment, Past Due [Line Items]
Aging of recorded investment, total past due	0	0
Commercial real estate: | 60-89 Days Past Due | Other
Financing Receivable, Recorded Investment, Past Due [Line Items]
Aging of recorded investment, total past due	0	0
Commercial real estate: | Greater Than 89 Days Past Due | Nonfarm, nonresidential
Financing Receivable, Recorded Investment, Past Due [Line Items]
Aging of recorded investment, total past due	3,460	0
Commercial real estate: | Greater Than 89 Days Past Due | Other
Financing Receivable, Recorded Investment, Past Due [Line Items]
Aging of recorded investment, total past due	0	0
Residential real estate:
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total ending loans balance	648,586	643,601
Residential real estate: | Closed-end 1-4 family
Financing Receivable, Recorded Investment, Past Due [Line Items]
Aging of recorded investment, total past due	4,731	2,920
Aging of recorded investment, loans not Past due	451,879	453,000
Total ending loans balance	456,610	455,920
Residential real estate: | Other
Financing Receivable, Recorded Investment, Past Due [Line Items]
Aging of recorded investment, total past due	1,311	1,601
Aging of recorded investment, loans not Past due	190,665	186,080
Total ending loans balance	191,976	187,681
Residential real estate: | 30-59 Days Past Due | Closed-end 1-4 family
Financing Receivable, Recorded Investment, Past Due [Line Items]
Aging of recorded investment, total past due	4,729	2,688
Residential real estate: | 30-59 Days Past Due | Other
Financing Receivable, Recorded Investment, Past Due [Line Items]
Aging of recorded investment, total past due	916	85
Residential real estate: | 60-89 Days Past Due | Closed-end 1-4 family
Financing Receivable, Recorded Investment, Past Due [Line Items]
Aging of recorded investment, total past due	2	224
Residential real estate: | 60-89 Days Past Due | Other
Financing Receivable, Recorded Investment, Past Due [Line Items]
Aging of recorded investment, total past due	0	961
Residential real estate: | Greater Than 89 Days Past Due | Closed-end 1-4 family
Financing Receivable, Recorded Investment, Past Due [Line Items]
Aging of recorded investment, total past due	0	8
Residential real estate: | Greater Than 89 Days Past Due | Other
Financing Receivable, Recorded Investment, Past Due [Line Items]
Aging of recorded investment, total past due	395	555
Commercial and industrial
Financing Receivable, Recorded Investment, Past Due [Line Items]
Aging of recorded investment, total past due	19,787	8,554
Aging of recorded investment, loans not Past due	561,811	574,087
Total ending loans balance	581,598	582,641
Commercial and industrial | 30-59 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Aging of recorded investment, total past due	3,857	663
Commercial and industrial | 60-89 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Aging of recorded investment, total past due	619	7,156
Commercial and industrial | Greater Than 89 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Aging of recorded investment, total past due	15,311	735
Consumer and other
Financing Receivable, Recorded Investment, Past Due [Line Items]
Aging of recorded investment, total past due	0	0
Aging of recorded investment, loans not Past due	4,454	4,769
Total ending loans balance	4,454	4,769
Consumer and other | 30-59 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Aging of recorded investment, total past due	0	0
Consumer and other | 60-89 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Aging of recorded investment, total past due	0	0
Consumer and other | Greater Than 89 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Aging of recorded investment, total past due	$ 0	$ 0

LOANS - Summary of Risk Categor

LOANS - Summary of Risk Category of Loans by Class of Loans (Detail) - USD ($) $ in Thousands	Mar. 31, 2020	Dec. 31, 2019
Risk Category Of Loans [Line Items]
Loans	$ 2,859,774	$ 2,816,464
Construction and land development
Risk Category Of Loans [Line Items]
Loans	627,178	591,541
Commercial real estate:
Risk Category Of Loans [Line Items]
Loans	997,958	993,912
Residential real estate:
Risk Category Of Loans [Line Items]
Loans	648,586	643,601
Commercial and industrial
Risk Category Of Loans [Line Items]
Loans	581,598	582,641
Consumer and other
Risk Category Of Loans [Line Items]
Loans	4,454	4,769
Pass
Risk Category Of Loans [Line Items]
Loans	2,806,649	2,764,188
Pass | Construction and land development
Risk Category Of Loans [Line Items]
Loans	627,178	591,293
Pass | Commercial and industrial
Risk Category Of Loans [Line Items]
Loans	543,565	539,442
Pass | Consumer and other
Risk Category Of Loans [Line Items]
Loans	4,454	4,769
Special Mention
Risk Category Of Loans [Line Items]
Loans	5,431	3,013
Special Mention | Construction and land development
Risk Category Of Loans [Line Items]
Loans	0	248
Special Mention | Commercial and industrial
Risk Category Of Loans [Line Items]
Loans	600	943
Special Mention | Consumer and other
Risk Category Of Loans [Line Items]
Loans	0	0
Substandard
Risk Category Of Loans [Line Items]
Loans	47,694	49,263
Substandard | Construction and land development
Risk Category Of Loans [Line Items]
Loans	0	0
Substandard | Commercial and industrial
Risk Category Of Loans [Line Items]
Loans	37,433	42,256
Substandard | Consumer and other
Risk Category Of Loans [Line Items]
Loans	0	0
Nonfarm, nonresidential | Commercial real estate:
Risk Category Of Loans [Line Items]
Loans	955,348	944,021
Nonfarm, nonresidential | Pass | Commercial real estate:
Risk Category Of Loans [Line Items]
Loans	946,120	941,260
Nonfarm, nonresidential | Special Mention | Commercial real estate:
Risk Category Of Loans [Line Items]
Loans	4,012	997
Nonfarm, nonresidential | Substandard | Commercial real estate:
Risk Category Of Loans [Line Items]
Loans	5,216	1,764
Other | Commercial real estate:
Risk Category Of Loans [Line Items]
Loans	42,610	49,891
Other | Pass | Commercial real estate:
Risk Category Of Loans [Line Items]
Loans	42,610	49,891
Other | Special Mention | Commercial real estate:
Risk Category Of Loans [Line Items]
Loans	0	0
Other | Substandard | Commercial real estate:
Risk Category Of Loans [Line Items]
Loans	0	0
Closed-end 1-4 family | Residential real estate:
Risk Category Of Loans [Line Items]
Loans	456,610	455,920
Closed-end 1-4 family | Pass | Residential real estate:
Risk Category Of Loans [Line Items]
Loans	453,892	452,363
Closed-end 1-4 family | Special Mention | Residential real estate:
Risk Category Of Loans [Line Items]
Loans	819	825
Closed-end 1-4 family | Substandard | Residential real estate:
Risk Category Of Loans [Line Items]
Loans	1,899	2,732
Other | Residential real estate:
Risk Category Of Loans [Line Items]
Loans	191,976	187,681
Other | Pass | Residential real estate:
Risk Category Of Loans [Line Items]
Loans	188,830	185,170
Other | Special Mention | Residential real estate:
Risk Category Of Loans [Line Items]
Loans	0	0
Other | Substandard | Residential real estate:
Risk Category Of Loans [Line Items]
Loans	$ 3,146	$ 2,511

LOAN SERVICING - Schedule of Lo

LOAN SERVICING - Schedule of Loans Serviced Not Reported as Assets (Detail) - USD ($) $ in Thousands	Mar. 31, 2020	Dec. 31, 2019
Federal Home Loan Mortgage Corporation
Loans Servicing For Institutional Investors [Line Items]
Loans serviced for others	$ 498,705	$ 488,790
Federal National Mortgage Association
Loans Servicing For Institutional Investors [Line Items]
Loans serviced for others	17,146	10,221
Other
Loans Servicing For Institutional Investors [Line Items]
Loans serviced for others	$ 3,455	$ 3,504

LOAN SERVICING - Related Loan S

LOAN SERVICING - Related Loan Servicing Rights Activity (Detail) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Mortgage Servicing Roll Forward [Roll Forward]
Beginning of period	$ 3,246	$ 3,403
Additions	394	188
Amortized to expense	(358)	(225)
Change in impairment	(225)	0
End of period	$ 3,057	$ 3,366

LOAN SERVICING - Components of

LOAN SERVICING - Components of Net Loan Servicing Fees (Detail) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Transfers and Servicing [Abstract]
Loan servicing fees	$ 322	$ 306
Amortization of loan servicing fees	(358)	(225)
Change in impairment	(225)	0
Total	$ (261)	$ 81

LOAN SERVICING - Additional Inf

LOAN SERVICING - Additional Information (Detail) - USD ($) $ in Thousands	3 Months Ended	6 Months Ended
	Mar. 31, 2020	Jun. 30, 2019	Dec. 31, 2019
Transfers and Servicing [Abstract]
Servicing rights, net	$ 3,057		$ 3,922
Weighted average discount rate	9.50%	9.50%
Weighted average prepayment speed	22.30%	16.80%

LEASES - Summary of Consolidate

LEASES - Summary of Consolidated Statements of Condition Classification of ROU Assets And Lease Liabilities (Detail) - USD ($) $ in Thousands	Mar. 31, 2020	Dec. 31, 2019
Lease right-of-use assets
Operating lease right-of-use assets	$ 19,579	$ 39,594
Finance lease right-of-use assets	2,768	2,819
Total lease right-of-use assets	22,347	42,413
Lease liabilities
Operating lease right-of-use assets	20,509	41,308
Finance lease right-of-use assets	2,913	2,942
Total lease liabilities	$ 23,422	$ 44,250

LEASES - Additional Information

LEASES - Additional Information (Detail) $ in Thousands	Feb. 05, 2020USD ($)
Leases [Abstract]
Lease extinguisment of right-of-use asset	$ 19,000
Extinguishment of lease liability	$ 20,000

SHARE-BASED PAYMENTS - Addition

SHARE-BASED PAYMENTS - Additional Information (Detail)	3 Months Ended
	Mar. 31, 2020USD ($)planshares	Mar. 31, 2019USD ($)$ / shares	Apr. 12, 2018shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of share-based compensation plans | plan	2
Compensation cost charged against income	$ 1,512,000	$ 1,329,000
Excess tax benefit related to vesting of restricted stock and exercise of stock options	$ 210,000	$ 113,000
Granted (in shares) | shares	0
Weighted average fair value of options (in dollars per share) | $ / shares		$ 10.01
Stock Option | Minimum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period of shares	3 years
Stock Option | Maximum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period of shares	5 years
Stock Option | Amended and Restated 2017 Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of shares authorized (in shares) | shares			3,500,000
Number of shares authorized for issuance (in shares) | shares	2,410,364
Stock Option | Equity Incentive Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of shares authorized (in shares) | shares	4,000,000
Options contractual term	10 years
Granted (in shares) | shares	0
Unrecognized compensation cost, nonvested stock options	$ 2,768,000
Unrecognized compensation cost, period of recognition	1 year 4 months 9 days
Restricted Stock | 2007 Omnibus Equity Incentive Plan and Amended and Restated 2017 Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Unrecognized compensation cost, nonvested stock options	$ 595,000
Unrecognized compensation cost, period of recognition	1 year 1 month 17 days
Restricted Stock Units | 2007 Omnibus Equity Incentive Plan and Amended and Restated 2017 Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Unrecognized compensation cost, nonvested stock options	$ 7,943,000
Unrecognized compensation cost, period of recognition	2 years 3 months
Restricted Stock Units | 2017 Omnibus Equity Incentive Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Compensation cost charged against income	$ 678,000	$ 0

SHARE-BASED PAYMENTS - Fair Val

SHARE-BASED PAYMENTS - Fair Value Assumptions of Stock Options (Detail)	3 Months Ended
	Mar. 31, 2019
Share-based Payment Arrangement [Abstract]
Risk-free interest rate	2.31%
Expected term	7 years
Expected stock price volatility	30.44%
Dividend yield	0.50%

SHARE-BASED PAYMENTS - Summary

SHARE-BASED PAYMENTS - Summary of Company's Stock Options Activities (Detail) $ / shares in Units, $ in Thousands	3 Months Ended
	Mar. 31, 2020USD ($)$ / sharesshares
Shares
Granted (in shares)	0
Stock Option | 2007 and 2017 Omnibus Equity Incentive Plan
Shares
Outstanding at beginning of the period (in shares)	1,502,070
Granted (in shares)	0
Exercised (in shares)	(37,416)
Forfeited, expired, or cancelled (in shares)	(6,274)
Outstanding at end of the period (in shares)	1,458,380
Vested or expected to vest (in shares)	1,385,461
Exercisable at period end (in shares)	335,225
Weighted Average Exercise Price
Outstanding at beginning of period (in dollars per share) | $ / shares	$ 22.39
Granted (in dollars per share) | $ / shares	0
Exercised (in dollars per share) | $ / shares	11.19
Exercise Price, Forfeited, expired, or cancelled (in dollars per share) | $ / shares	25.24
Outstanding at end of period (in dollars per share) | $ / shares	26.24
Vested or expected to vest (in dollars per share) | $ / shares	26.24
Exercisable at period end (in dollars per share) | $ / shares	$ 11.68
Weighted Average Remaining Contractual Term
Outstanding	6 years 3 months 18 days
Vested or expected to vest	5 years 9 months 7 days
Exercisable at period end	5 years 9 months 7 days
Aggregate Intrinsic Value
Outstanding | $	$ 2,921
Vested or expected to vest | $	2,775
Exercisable at period end | $	$ 2,921

SHARE-BASED PAYMENTS - Summar_2

SHARE-BASED PAYMENTS - Summary of Stock Options Exercised (Detail) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Stock options exercised:
Cash received from options exercised	$ 417	$ 524
Stock Option | 2007 and 2017 Omnibus Equity Incentive Plan
Stock options exercised:
Intrinsic value of options exercised	943	623
Cash received from options exercised	417	524
Tax benefit realized from option exercises	$ 210	$ 113

SHARE-BASED PAYMENTS - Summar_3

SHARE-BASED PAYMENTS - Summary of Activity for Nonvested Restricted Share Awards (Detail) - Restricted Stock - 2007 and 2017 Omnibus Equity Incentive Plan	3 Months Ended
	Mar. 31, 2020$ / sharesshares
Shares
Beginning balance, non-vested (in shares)	90,992
Granted (in shares)	0
Vested (in shares)	(468)
Forfeited (in shares)	(122)
Ending balance, non-vested (in shares)	90,402
Weighted- Average Grant- Date Fair Value
Beginning balance, non-vested (in dollars per share) | $ / shares	$ 32.54
Granted (in dollars per share) | $ / shares	0
Vested (in dollars per share) | $ / shares	28.52
Forfeited (in dollars per show) | $ / shares	$ 31.18

Share-Based Payments - Summar_4

Share-Based Payments - Summary of Outstanding Restricted Stock Units (Detail) - Restricted Stock Units - Equity Incentive Plan	3 Months Ended
	Mar. 31, 2020shares
2019
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Units Awarded (in shares)	2,870
Service period in years	5 years
2019
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Units Awarded (in shares)	152,048
Service period in years	3 years
2020
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Units Awarded (in shares)	120,824
Service period in years	3 years

REGULATORY CAPITAL MATTERS - Ac

REGULATORY CAPITAL MATTERS - Actual and Required Capital Amounts and Ratios (Detail) - USD ($) $ in Thousands	Mar. 31, 2020	Dec. 31, 2019
Amount
Company common equity Tier 1 capital to RWA	$ 388,222	$ 388,199
Company Total Capital to RWA	485,625	487,966
Company Tier 1 (Core) Capital to RWA	388,222	388,199
Company Tier 1 (Core) Capital to average assets	388,222	388,199
Company common equity Tier 1 capital to RWA	146,134	146,711
Company Total Capital to RWA	259,793	260,819
Company Tier 1 (Core) Capital to RWA	194,845	195,614
Company Tier 1 (Core) Capital to average assets	$ 154,131	$ 151,456
Ratio
Company common equity Tier 1 capital to RWA	12.00%	11.90%
Company Total Capital to RWA	15.00%	15.00%
Company Tier 1 (Core) Capital to RWA	12.00%	11.90%
Company Tier 1 (Core) Capital to average assets	10.10%	10.30%
Company common equity Tier 1 capital to RWA	4.50%	4.50%
Company Total Capital to RWA	8.00%	8.00%
Company Tier 1 (Core) Capital to RWA	6.00%	6.00%
Company Tier 1 (Core) Capital to average assets	4.00%	4.00%
Bank
Amount
Company common equity Tier 1 capital to RWA	$ 442,454	$ 441,348
Company Total Capital to RWA	480,940	482,183
Company Tier 1 (Core) Capital to RWA	442,454	441,348
Company Tier 1 (Core) Capital to average assets	442,454	441,348
Company common equity Tier 1 capital to RWA	146,039	146,491
Company Total Capital to RWA	259,626	260,429
Company Tier 1 (Core) Capital to RWA	194,719	195,322
Company Tier 1 (Core) Capital to average assets	153,905	151,255
Bank common equity Tier 1 capital to RWA	210,946	211,599
Bank Total Capital to RWA	324,532	325,536
Bank Tier 1 (Core) Capital to RWA	259,626	260,429
Bank Tier 1 (Core) Capital to average assets	$ 192,381	$ 189,069
Ratio
Company common equity Tier 1 capital to RWA	13.60%	13.60%
Company Total Capital to RWA	14.80%	14.80%
Company Tier 1 (Core) Capital to RWA	13.60%	13.60%
Company Tier 1 (Core) Capital to average assets	11.50%	11.70%
Company common equity Tier 1 capital to RWA	4.50%	4.50%
Company Total Capital to RWA	8.00%	8.00%
Company Tier 1 (Core) Capital to RWA	6.00%	6.00%
Company Tier 1 (Core) Capital to average assets	4.00%	4.00%
Bank common equity Tier 1 capital to RWA	6.50%	6.50%
Bank Total Capital to RWA	10.00%	10.00%
Bank Tier 1 (Core) Capital to RWA	8.00%	8.00%
Bank Tier 1 (Core) Capital to average assets	5.00%	5.00%

DERIVATIVE INSTRUMENTS - Additi

DERIVATIVE INSTRUMENTS - Additional Information (Detail)	3 Months Ended
	Mar. 31, 2020USD ($)swap
Derivative [Line Items]
Number of swap transaction | swap	16
Derivative liability, notional amount | $	$ 101,205,000

DERIVATIVE INSTRUMENTS - Schedu

DERIVATIVE INSTRUMENTS - Schedule of Fair Value Hedge Relationships (Detail) - USD ($)	3 Months Ended
	Mar. 31, 2020	Dec. 31, 2019
Derivative [Line Items]
Notional Amount	$ 101,205,000
Fair Value Hedge
Derivative [Line Items]
Weighted Average Remaining Maturity (In Years)	6 years 6 months 18 days
Weighted Average Pay Rate	2.527%
Notional Amount	$ 101,205,000	$ 101,205,000
Estimated Fair Value	$ 13,362,000	4,954,000
Cash Flow Hedge
Derivative [Line Items]
Weighted Average Remaining Maturity (In Years)	2 years 1 month 6 days
Weighted Average Pay Rate	2.232%
Notional Amount	$ 100,000,000	100,000,000
Estimated Fair Value	$ 3,933,000	$ 1,592,000

DERIVATIVE INSTRUMENTS - Sche_2

DERIVATIVE INSTRUMENTS - Schedule of Effects of Fair Value Hedge Relationships Reported in Interest Income on Securities on Consolidated Statements of Income (Detail) - Interest Rate Swap Aagreements - Securities - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Derivative Instruments, Gain (Loss) [Line Items]
Gain (loss) on fair value hedging relationship - Hedged items	$ 13,362	$ 1,118
Gain (loss) on fair value hedging relationship - Derivative designated as hedging instrument	$ (13,362)	$ (1,118)

DERIVATIVE INSTRUMENTS - Sche_3

DERIVATIVE INSTRUMENTS - Schedule of Amounts Related to Cumulative Basis Adjustments for Fair Value Hedges (Detail) - Available For Sale Securities - Fair Value Hedge - USD ($) $ in Thousands	Mar. 31, 2020	Dec. 31, 2019
Derivative [Line Items]
Carrying Amount of the Hedged Assets (in thousands)	$ 101,205	$ 101,205
Cumulative Amount of Fair Value Hedging Adjustment Included in the Carrying Amount of the Hedged Assets	$ 13,362	$ 4,954

DERIVATIVE INSTRUMENTS - Sche_4

DERIVATIVE INSTRUMENTS - Schedule of Cash Flow Hedge Relationships (Detail)	Mar. 31, 2020USD ($)
Derivative [Line Items]
Notional Amount	$ 101,205,000

DERIVATIVE INSTRUMENTS - Sche_5

DERIVATIVE INSTRUMENTS - Schedule of Effects of Cash Flow Hedge Relationships on Statements of Comprehensive Income (Loss) (Detail) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Derivative Instruments, Gain (Loss) [Line Items]
Unrealized holding gain (loss) arising during the period	$ (2,341)	$ 0
Interest Rate Swap Aagreements | Cash Flow Hedge
Derivative Instruments, Gain (Loss) [Line Items]
Unrealized holding gain (loss) arising during the period	$ (1,729)	$ 0

Commitments and Contingencies -

Commitments and Contingencies - Summary of Contractual Amounts of Financial Instruments with Off-Balance-Sheet Risk (Details) - USD ($) $ in Thousands	3 Months Ended	12 Months Ended
	Mar. 31, 2020	Dec. 31, 2019
Unused lines of credit
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Fixed Rate	$ 88,571	$ 89,040
Variable Rate	649,618	701,326
Total	738,189	790,366
Standby letters of credit
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Fixed Rate	7,098	7,119
Variable Rate	46,165	48,750
Total	53,263	55,869
Mortgage loan commitments
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Fixed Rate	156,421	48,999
Variable Rate	0	0
Total	$ 156,421	$ 48,999

Commitments and Contingencies_2

Commitments and Contingencies - Additional Information (Details) - USD ($) $ in Thousands	3 Months Ended	12 Months Ended
	Mar. 31, 2020	Dec. 31, 2019
Long-term Purchase Commitment [Line Items]
Term of commitments to lend	365 days
Unused lines of credit
Long-term Purchase Commitment [Line Items]
Loan commitments	$ 738,189	$ 790,366
Loan commitments, available without further approval	$ 273,300
Loan commitments, portion available without approval, percent	37.00%
Minimum
Long-term Purchase Commitment [Line Items]
Interest rate of loan commitments	0.00%
Maturity period of loan commitments	1 year
Maximum
Long-term Purchase Commitment [Line Items]
Interest rate of loan commitments	12.00%
Maturity period of loan commitments	25 years

FAIR VALUE - Additional informa

FAIR VALUE - Additional information (Detail) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Mar. 31, 2020	Mar. 31, 2019	Jun. 30, 2019	Dec. 31, 2019
Fair Value Measurements Of Financial Instruments [Line Items]
Net loss on sale of loans held for investment	$ (416)	$ (217)
Allowance for Loan Losses Allocated	6,760			$ 20,771
Foreclosed assets	0			0
Loans Held for Sale
Fair Value Measurements Of Financial Instruments [Line Items]
Unpaid principal balance of loans held for sale	40,710			$ 42,152
Net loss on sale of loans held for investment	$ 1,972		$ 1,010
Minimum | Loans Held for Sale
Fair Value Measurements Of Financial Instruments [Line Items]
Term of loan	90 days	90 days

Fair Value - Assets and Liabili

Fair Value - Assets and Liabilities Measured at Fair Value on Recurring Basis (Detail) - USD ($) $ in Thousands	Mar. 31, 2020	Dec. 31, 2019
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available for sale	$ 543,225	$ 652,132
Loans held for sale, at fair value	42,682	43,162
Fair Value, Measurements, Recurring | Quoted Prices in Active Markets for Identical Assets (Level 1)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available for sale	0	0
Loans held for sale, at fair value	0	0
Derivative assets	0	0
Derivative liabilities	0	0
Fair Value, Measurements, Recurring | Significant Other Observable Inputs (Level 2)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available for sale	543,225	652,132
Loans held for sale, at fair value	42,682	43,162
Derivative assets	1,166	225
Derivative liabilities	18,905	6,619
Fair Value, Measurements, Recurring | Significant Unobservable Inputs (Level 3)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available for sale	0	0
Loans held for sale, at fair value	0	0
Derivative assets	0	0
Derivative liabilities	0	0
Mortgage-backed securities: residential
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available for sale	294,672	375,943
Mortgage-backed securities: residential | Fair Value, Measurements, Recurring | Quoted Prices in Active Markets for Identical Assets (Level 1)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available for sale	0	0
Mortgage-backed securities: residential | Fair Value, Measurements, Recurring | Significant Other Observable Inputs (Level 2)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available for sale	294,672	375,943
Mortgage-backed securities: residential | Fair Value, Measurements, Recurring | Significant Unobservable Inputs (Level 3)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available for sale	0	0
Mortgage-backed securities: commercial
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available for sale	17,695	17,780
Mortgage-backed securities: commercial | Fair Value, Measurements, Recurring | Quoted Prices in Active Markets for Identical Assets (Level 1)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available for sale	0
Mortgage-backed securities: commercial | Fair Value, Measurements, Recurring | Significant Other Observable Inputs (Level 2)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available for sale	17,695
Mortgage-backed securities: commercial | Fair Value, Measurements, Recurring | Significant Unobservable Inputs (Level 3)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available for sale	0
Asset-backed securities | Fair Value, Measurements, Recurring | Quoted Prices in Active Markets for Identical Assets (Level 1)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available for sale		0
Asset-backed securities | Fair Value, Measurements, Recurring | Significant Other Observable Inputs (Level 2)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available for sale		17,780
Asset-backed securities | Fair Value, Measurements, Recurring | Significant Unobservable Inputs (Level 3)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available for sale		0
Corporate notes
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available for sale	4,523	33,361
Corporate notes | Fair Value, Measurements, Recurring | Quoted Prices in Active Markets for Identical Assets (Level 1)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available for sale	0	0
Corporate notes | Fair Value, Measurements, Recurring | Significant Other Observable Inputs (Level 2)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available for sale	4,523	33,361
Corporate notes | Fair Value, Measurements, Recurring | Significant Unobservable Inputs (Level 3)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available for sale	0	0
State and political subdivisions
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available for sale	226,335	225,048
State and political subdivisions | Fair Value, Measurements, Recurring | Quoted Prices in Active Markets for Identical Assets (Level 1)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available for sale	0	0
State and political subdivisions | Fair Value, Measurements, Recurring | Significant Other Observable Inputs (Level 2)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available for sale	226,335	225,048
State and political subdivisions | Fair Value, Measurements, Recurring | Significant Unobservable Inputs (Level 3)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available for sale	$ 0	$ 0

Fair Value, Assets Measured on

Fair Value, Assets Measured on Recurring and Nonrecurring Basis (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2020	Dec. 31, 2019
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
With an allowance recorded:	$ 7,328	$ 25,160
Servicing rights, net	3,057	3,922
Allowance for Loan Losses Allocated	6,760	20,771
Fair Value, Nonrecurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Servicing rights, net	3,057
Total	3,627	4,389
Total losses for the period ended	225
Residential real estate: | Closed-end 1-4 family
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
With an allowance recorded:		643
Allowance for Loan Losses Allocated		17
Residential real estate: | Closed-end 1-4 family | Fair Value, Nonrecurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
With an allowance recorded:		626
Commercial and industrial
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
With an allowance recorded:	7,328	24,517
Allowance for Loan Losses Allocated	6,760	20,754
Commercial and industrial | Fair Value, Nonrecurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
With an allowance recorded:	570	3,763
Quoted Prices in Active Markets for Identical Assets (Level 1) | Fair Value, Nonrecurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Servicing rights, net	0
Total	0	0
Quoted Prices in Active Markets for Identical Assets (Level 1) | Residential real estate: | Closed-end 1-4 family | Fair Value, Nonrecurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
With an allowance recorded:		0
Quoted Prices in Active Markets for Identical Assets (Level 1) | Commercial and industrial | Fair Value, Nonrecurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
With an allowance recorded:	0	0
Significant Other Observable Inputs (Level 2) | Fair Value, Nonrecurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Servicing rights, net	0
Total	0	3,650
Significant Other Observable Inputs (Level 2) | Residential real estate: | Closed-end 1-4 family | Fair Value, Nonrecurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
With an allowance recorded:		0
Significant Other Observable Inputs (Level 2) | Commercial and industrial | Fair Value, Nonrecurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
With an allowance recorded:	0	3,650
Significant Unobservable Inputs (Level 3) | Fair Value, Nonrecurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Servicing rights, net	3,057
Total	3,627	739
Significant Unobservable Inputs (Level 3) | Residential real estate: | Closed-end 1-4 family | Fair Value, Nonrecurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
With an allowance recorded:		626
Significant Unobservable Inputs (Level 3) | Commercial and industrial | Fair Value, Nonrecurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
With an allowance recorded:	$ 570	$ 113

Fair Value - Carrying Amount an

Fair Value - Carrying Amount and Estimated Fair Value of Financial Instruments (Detail) - USD ($) $ in Thousands	Mar. 31, 2020	Dec. 31, 2019
Financial assets
Securities available for sale	$ 543,225	$ 652,132
Loans held for sale, at fair value	42,682	43,162
Carrying Amount
Financial assets
Cash and cash equivalents	173,482	234,991
Certificates of deposit held at other financial institutions	3,345	3,590
Securities available for sale	543,225	652,132
Loans held for sale, at fair value	42,682	43,162
Net loans	2,817,365	2,767,008
Other assets	1,166	225
Accrued interest receivable	12,043	12,362
Financial liabilities
Deposits	3,137,471	3,207,584
Federal Home Loan Bank advances	135,000	155,000
Subordinated notes, net	58,916	58,872
Other liabilities	18,905	6,619
Accrued interest payable	3,179	4,201
Fair Value
Financial assets
Cash and cash equivalents	173,482	234,991
Certificates of deposit held at other financial institutions	3,345	3,590
Securities available for sale	543,225	652,132
Loans held for sale, at fair value	42,682	43,162
Net loans	2,736,626	2,753,761
Other assets	1,166	225
Accrued interest receivable	12,043	12,362
Financial liabilities
Deposits	3,144,889	3,208,211
Federal Home Loan Bank advances	135,080	155,090
Subordinated notes, net	58,716	60,922
Other liabilities	18,905	6,619
Accrued interest payable	3,179	4,201
Level 1 | Fair Value
Financial assets
Cash and cash equivalents	173,482	234,991
Certificates of deposit held at other financial institutions	0	0
Securities available for sale	0	0
Loans held for sale, at fair value	0	0
Net loans	0	0
Other assets	0	0
Accrued interest receivable	36	96
Financial liabilities
Deposits	2,506,175	2,458,555
Federal Home Loan Bank advances	0	0
Subordinated notes, net	0	0
Other liabilities	0	0
Accrued interest payable	127	154
Level 2 | Fair Value
Financial assets
Cash and cash equivalents	0	0
Certificates of deposit held at other financial institutions	3,345	3,590
Securities available for sale	543,225	652,132
Loans held for sale, at fair value	42,682	43,162
Net loans	0	0
Other assets	1,166	225
Accrued interest receivable	3,183	3,775
Financial liabilities
Deposits	638,714	749,656
Federal Home Loan Bank advances	135,080	155,090
Subordinated notes, net	0	0
Other liabilities	18,905	6,619
Accrued interest payable	2,702	687
Level 3 | Fair Value
Financial assets
Cash and cash equivalents	0	0
Certificates of deposit held at other financial institutions	0	0
Securities available for sale	0	0
Loans held for sale, at fair value	0	0
Net loans	2,736,626	2,753,761
Other assets	0	0
Accrued interest receivable	8,824	8,491
Financial liabilities
Deposits	0	0
Federal Home Loan Bank advances	0	0
Subordinated notes, net	58,716	60,922
Other liabilities	0	0
Accrued interest payable	$ 350	$ 3,360

EARNINGS PER SHARE - Computatio

EARNINGS PER SHARE - Computation of Earnings per Share (Detail) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended
	Mar. 31, 2020	Sep. 30, 2019	Mar. 31, 2019
Basic
Net income available to common shareholders	$ (1,148)	$ (1,148)	$ 2,901
Less: earnings allocated to participating securities		(7)	(34)
Net income allocated to common shareholders	$ (1,155)	$ (1,155)	$ 2,867
Weighted average common shares outstanding including participating securities (in shares)		14,849,535	14,561,721
Less: Participating securities (in shares)		(90,575)	(168,638)
Average shares (in shares)	14,758,960	14,758,960	14,393,083
Basic earnings per common share (in dollars per share)	$ (0.08)	$ (0.08)	$ 0.20
Diluted
Net income allocated to common shareholders	$ (1,155)	$ (1,155)	$ 2,867
Weighted average common shares outstanding for basic earnings per common share (in shares)	14,758,960	14,758,960	14,393,083
Average shares and dilutive potential common shares (in shares)	14,758,960		14,804,830
Dilutive earnings per common share (in dollars per share)	$ (0.08)		$ 0.19
Stock Option
Diluted
Add: Dilutive effects of assumed exercises of stock options and restricted stock units (in shares)	0		411,747
Restricted Stock Units
Diluted
Add: Dilutive effects of assumed exercises of stock options and restricted stock units (in shares)	0		0

EARNINGS PER SHARE - Additional

EARNINGS PER SHARE - Additional Information (Detail) - shares	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Stock Option
Earnings Per Share [Line Items]
Stock options to purchase shares of the Company's common stock (in shares)	988,504	768,458
Restricted Stock Units
Earnings Per Share [Line Items]
Stock options to purchase shares of the Company's common stock (in shares)	254,498

SUBORDINATED DEBT ISSUANCE - Ad

SUBORDINATED DEBT ISSUANCE - Additional Information (Detail) - USD ($)	1 Months Ended		3 Months Ended
	Jun. 30, 2016	Mar. 31, 2016	Mar. 31, 2020	Mar. 31, 2019	Dec. 31, 2019	Dec. 31, 2016	Sep. 30, 2016
Debt Instrument [Line Items]
Subordinated notes, net of issuance costs			$ 58,916,000		$ 58,872,000
Notes, aggregate principal amount	$ 20,000,000	$ 40,000,000
Notes, interest rate	7.00%	6.875%
Amortization of debt issuance costs			44,000	$ 45,000
Subordinated Debt
Debt Instrument [Line Items]
Notes, aggregate principal amount			60,000,000
Subordinated Debt | March 2016 Subordinated Notes
Debt Instrument [Line Items]
Notes, aggregate principal amount							$ 40,000,000
Notes, interest rate							6.875%
Notes, issuance cost			$ 1,382,000
Term of notes		5 years	10 years
Subordinated Debt | June 2016 Subordinated Notes
Debt Instrument [Line Items]
Notes, aggregate principal amount						$ 20,000,000
Notes, interest rate						7.00%
Notes, issuance cost			$ 404,000
Term of notes	5 years		10 years

SUBORDINATED DEBT ISSUANCE - Su

SUBORDINATED DEBT ISSUANCE - Summary of Terms of Each Subordinated Note offering (Detail) - USD ($)	1 Months Ended		3 Months Ended
	Jun. 30, 2016	Mar. 31, 2016	Mar. 31, 2020	Dec. 31, 2016	Sep. 30, 2016
Debt Instrument [Line Items]
Principal amount issued	$ 20,000,000	$ 40,000,000
Initial fixed interest rate	7.00%	6.875%
March 2016 Subordinated Notes | LIBOR
Debt Instrument [Line Items]
Debt Instrument, Basis Spread on Variable Rate		5.636%
Subordinated Debt
Debt Instrument [Line Items]
Principal amount issued			$ 60,000,000
Subordinated Debt | March 2016 Subordinated Notes
Debt Instrument [Line Items]
Principal amount issued					$ 40,000,000
Initial fixed interest rate					6.875%
Initial interest rate period		5 years	10 years
Subordinated Debt | June 2016 Subordinated Notes
Debt Instrument [Line Items]
Principal amount issued				$ 20,000,000
Initial fixed interest rate				7.00%
Initial interest rate period	5 years		10 years
Subordinated Debt | June 2016 Subordinated Notes | LIBOR
Debt Instrument [Line Items]
Debt Instrument, Basis Spread on Variable Rate	6.04%

Uncategorized Items - fsb-20200

Label	Element	Value
Cumulative Effect of New Accounting Principle in Period of Adoption	us-gaap_CumulativeEffectOfNewAccountingPrincipleInPeriodOfAdoption	$ (2,244,000)
Retained Earnings [Member]
Cumulative Effect of New Accounting Principle in Period of Adoption	us-gaap_CumulativeEffectOfNewAccountingPrincipleInPeriodOfAdoption	$ (2,244,000)