Metropolitan Bank Holding (MCB) 10-Q 13 Nov 18 2018 Q3 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	9 Months Ended
	Sep. 30, 2018	Nov. 09, 2018
Document And Entity Information (Abstract)
Entity Registrant Name	Metropolitan Bank Holding Corp.
Entity Central Index Key	1,476,034
Trading Symbol	mcb
Current Fiscal Year End Date	--12-31
Entity Filer Category	Non-accelerated Filer
Entity Common Stock, Shares Outstanding		8,207,234
Entity Small Business	false
Entity Ex Transition Period	false
Entity Emerging Growth Company	true
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Sep. 30, 2018
Document Fiscal Year Focus	2,018
Document Fiscal Period Focus	Q3

CONSOLIDATED STATEMENTS OF FINA

CONSOLIDATED STATEMENTS OF FINANCIAL CONDITION - USD ($) $ in Thousands	Sep. 30, 2018	Dec. 31, 2017
Assets
Cash and due from banks	$ 6,165	$ 6,790
Overnight deposits	148,260	254,441
Total cash and cash equivalents	154,425	261,231
Investment securities available for sale, at fair value	27,490	32,157
Investment securities held to maturity (estimated fair value of $4,529 and $5,330 at September 30, 2018 and December 31, 2017 respectively)	4,757	5,428
Total securities	32,247	37,585
Other investments	16,645	13,677
Loans, net of deferred fees and unamortized costs	1,698,929	1,419,896
Allowance for loan losses	(18,493)	(14,887)
Net loans	1,680,436	1,405,009
Receivable from prepaid card programs, net	14,297	9,579
Accrued interest receivable	5,239	4,421
Premises and equipment, net	6,918	6,268
Prepaid expenses and other assets	7,813	5,751
Goodwill	9,733	9,733
Accounts receivable, net	2,961	6,601
Total assets	1,930,714	1,759,855
Deposits:
Noninterest-bearing demand deposits	772,754	812,616
Interest-bearing deposits	761,177	591,739
Total deposits	1,533,931	1,404,355
Federal Home Loan Bank of New York advances	60,000	42,198
Trust preferred securities	20,620	20,620
Subordinated debt, net of issuance cost	24,531	24,489
Accounts payable, accrued expenses and other liabilities	19,635	21,678
Accrued interest payable	918	749
Prepaid debit cardholder balances	13,810	8,882
Total liabilities	1,673,445	1,522,971
Stockholders' equity:
Common stock, $0.01 par value, 25,000,000 shares authorized, 8,207,234 and 8,196,310 issued and outstanding at September 30, 2018 and December 31, 2017 respectively	81	81
Additional paid in capital	212,759	211,145
Retained earnings	45,129	25,861
Accumulated other comprehensive loss, net of tax effect	(703)	(206)
Total stockholders’ equity	257,269	236,884
Total liabilities and stockholders’ equity	1,930,714	1,759,855
Class A Preferred Stock
Stockholders' equity:
Preferred stock
Class B Preferred Stock
Stockholders' equity:
Preferred stock	3	3
Total stockholders’ equity	$ 3	$ 3

CONSOLIDATED STATEMENTS OF FI_2

CONSOLIDATED STATEMENTS OF FINANCIAL CONDITION (Parenthetical) - USD ($) $ in Thousands	Sep. 30, 2018	Dec. 31, 2017
Held to Maturity, Fair Value	$ 4,529	$ 5,330
Common stock, par value	$ 0.01	$ 0.01
Common stock, shares authorized	25,000,000	25,000,000
Common stock, shares issued	8,207,234	8,196,310
Common stock, shares outstanding	8,207,234	8,196,310
Class A Preferred Stock
Preferred stock, par value	$ 0.01	$ 0.01
Preferred stock, shares authorized	5,000,000	5,000,000
Preferred stock, shares issued	0	0
Preferred stock, shares outstanding	0	0
Class B Preferred Stock
Preferred stock, par value	$ 0.01	$ 0.01
Preferred stock, shares authorized	2,000,000	2,000,000
Preferred stock, shares issued	272,636	272,636
Preferred stock, shares outstanding	272,636	272,636
Common stock, shares outstanding	272,636	272,636

CONSOLIDATED STATEMENTS OF OPER

CONSOLIDATED STATEMENTS OF OPERATIONS (unaudited) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2018	Sep. 30, 2017	Sep. 30, 2018	Sep. 30, 2017
Interest and dividend income:
Loans, including fees	$ 20,255	$ 15,564	$ 55,467	$ 40,811
Securities:
Taxable	183	201	547	620
Tax-exempt	7	7	22	22
Money market funds and commercial paper	48	82	288	215
Overnight deposits	1,233	476	3,810	957
Other interest and dividends	181	98	468	304
Total interest income	21,907	16,428	60,602	42,929
Interest expense:
Deposits	2,565	1,588	5,802	4,316
Borrowed funds	355	244	697	674
Trust preferred securities interest expense	231	165	623	469
Subordinated debt interest expense	405	440	1,214	918
Total interest expense	3,556	2,437	8,336	6,377
Net interest income	18,351	13,991	52,266	36,552
Provision for loan losses	(453)	1,200	2,294	3,560
Net interest income after provision for loan losses	18,804	12,791	49,972	32,992
Non-interest income:
Losses on call of securities			(37)
Total non-interest income	2,012	2,206	9,967	5,012
Non-interest expense:
Compensation and benefits	6,253	4,847	18,696	13,688
Bank premises and equipment	1,273	1,075	3,739	3,185
Professional fees	587	951	2,207	1,800
Data processing fees	847	437	2,961	987
Other expenses	1,395	1,280	4,265	3,306
Total non-interest expense	10,355	8,590	31,868	22,966
Net income before income tax expense	10,461	6,407	28,071	15,038
Income tax expense	3,348	2,562	8,803	5,994
Net income	$ 7,113	$ 3,845	$ 19,268	$ 9,044
Earnings per share:
Basic earnings (in dollars per share)	$ 0.87	$ 0.83	$ 2.35	$ 1.95
Diluted earnings (in dollars per share)	$ 0.85	$ 0.82	$ 2.31	$ 1.94
Service charges on deposit accounts
Non-interest income:
Non-interest income	$ 693	$ 836	$ 3,422	$ 1,633
Prepaid debit card income
Non-interest income:
Non-interest income	1,080	847	3,506	2,440
Other service charges and fees
Non-interest income:
Non-interest income	$ 239	$ 523	$ 3,076	$ 939

CONSOLIDATED STATEMENTS OF COMP

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (unaudited) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2018	Sep. 30, 2017	Sep. 30, 2018	Sep. 30, 2017
Statement of Comprehensive Income [Abstract]
Net Income	$ 7,113	$ 3,845	$ 19,268	$ 9,044
Other comprehensive loss (loss)
Net unrealized gains (losses) on securities	(138)	42	(726)	204
Reclassification adjustment for net loss on calls of securities			37
Tax effect	52	(16)	192	(86)
Net of tax	(86)	26	(497)	118
Total comprehensive income, net of tax	$ 7,027	$ 3,871	$ 18,771	$ 9,162

CONSOLIDATED STATEMENTS OF CHAN

CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS' EQUITY (unaudited) - USD ($) $ in Thousands	Class B Preferred Stock	Common Stock	Additional Paid-in Capital	Retained Earnings	AOCI loss, Net	Total
Balance at Dec. 31, 2016	$ 3	$ 45	$ 96,116	$ 13,492	$ (165)	$ 109,491
Balance, Shares at Dec. 31, 2016	272,636	4,604,563
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Restricted stock, net of forfeiture			(7)			(7)
Restricted stock, net of forfeiture (in shares)		28,449
Employee stock-based compensation			313			313
Net income				9,044		9,044
Other comprehensive income (loss)					118	118
Balance, Shares at Sep. 30, 2017	272,636	4,633,012
Balance at Sep. 30, 2017	$ 3	$ 45	96,422	22,536	(47)	118,959
Balance at Dec. 31, 2017	$ 3	$ 81	211,145	25,861	(206)	$ 236,884
Balance, Shares at Dec. 31, 2017	272,636	8,196,310				8,196,310
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Restricted stock, net of forfeiture			440			$ 440
Restricted stock, net of forfeiture (in shares)		8,987
Employee stock-based compensation			1,219			1,219
Exercise of stock options, net of redemption of common stock for exercise of stock options and tax withholdings for restricted stock vesting			(12)			(12)
Exercise of stock options, net of redemption of common stock for exercise of stock options and tax withholdings for restricted stock vesting		1,937
Issuance of common stock			(33)			(33)
Net income				19,268		19,268
Other comprehensive income (loss)					(497)	$ (497)
Balance, Shares at Sep. 30, 2018	272,636	8,207,234				8,207,234
Balance at Sep. 30, 2018	$ 3	$ 81	$ 212,759	$ 45,129	$ (703)	$ 257,269

CONSOLIDATED STATEMENT OF CASH

CONSOLIDATED STATEMENT OF CASH FLOWS (unaudited) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2018	Sep. 30, 2017
Cash flows from operating activities:
Net income	$ 19,268	$ 9,044
Adjustments to reconcile net income to net cash:
Net depreciation, amortization and accretion	1,272	695
Net accretion on securities		(36)
Provision for loan losses	2,294	3,560
Net change in deferred loan fees	836	(340)
Gain on sale of loans held for sale	(50)
Loss on call of securities	37
Deferred income tax benefit	62	85
Proceeds from the sale of loans held for sale	16,932
Stock-based compensation expense	1,219	313
Non-employee stock-based expense	440
Forfeiture of restricted shares		(7)
Net change in:
Accrued interest receivable	(818)	(1,168)
Accounts payable, accrued expenses and other liabilities	(2,043)	9,829
Debit cardholder balances	4,928
Accrued interest payable	169
Accounts receivable, net	3,640	1,595
Receivable from prepaid card programs, net	(4,718)	589
Prepaid expenses and other assets	(2,599)	(54)
Net cash provided by operating activities	40,869	24,105
Cash flows from investing activities:
Loan originations and payments, net	(294,883)	(326,243)
Redemptions of other investments	4,254	7,134
Purchases of other investments	(7,222)	(8,286)
Purchases of securities available for sale	(1,812)	(1,434)
Proceeds from calls of securities available for sale	1,463
Proceeds from paydowns and maturities of securities available for sale	4,171	5,110
Proceeds from paydowns of securities held to maturity	648	790
Purchase of premises and equipment, net	(1,627)	(1,671)
Net cash used in investing activities	(295,008)	(324,600)
Cash flows from financing activities:
Costs incurred from issuance of common stock	(33)
Proceeds from issuance of subordinated debt, net of issuance cost		24,468
Proceeds from FHLB advances	138,223	280,000
Repayments of FHLB advances	(120,421)	(314,668)
Redemption of common stock for exercise of stock options and tax withholdings for restricted stock vesting	(12)
Net increase in deposits	129,576	494,863
Net cash provided by financing activities	147,333	484,663
Increase in cash and cash equivalents	(106,806)	184,168
Cash and cash equivalents at the beginning of the period	261,231	82,931
Cash and cash equivalents at the end of the period	154,425	267,099
Cash paid for:
Interest	8,167	6,057
Income Taxes	10,649	$ 4,862
Non-cash item:
Transfer of loans held for investment to held for sale	$ 16,882

ORGANIZATION

ORGANIZATION	9 Months Ended
	Sep. 30, 2018
Organization, Consolidation and Presentation of Financial Statements [Abstract]
ORGANIZATION	NOTE 1 - ORGANIZATION Metropolitan Bank Holding Corp. (a New York Corporation) (the “Company”) is a bank holding company whose principal activity is the ownership and management of Metropolitan Commercial Bank (the “Bank”), its wholly-owned subsidiary. The Bank’s primary market is the New York metropolitan area. The Bank offers a traditional range of services to individuals, businesses and others needing banking services. Its primary lending products are commercial mortgages and commercial and industrial loans. Substantially all loans are secured by specific items of collateral including business assets, consumer assets, and commercial and residential real estate. Commercial loans are expected to be repaid from the cash flows from the operations of the business. The Bank’s primary deposit products are checking, savings, and term deposit accounts, and its deposit accounts are insured by the Federal Deposit Insurance Corporation (“FDIC”) up to the maximum amounts allowed by law. The Bank commenced operations on June 22, 1999. On November 10, 2017, the Company completed its initial public offering. The net proceeds of approximately $114.8 million, net of issuance costs, has increased the Company’s liquidity and capital resources. The Company and the Bank are subject to the regulations of certain state and federal agencies and, accordingly, is periodically examined by those regulatory authorities. As a consequence of the extensive regulation of commercial banking activities, the Company’s business is susceptible to being affected by state and federal legislation and regulations.

BASIS OF PRESENTATION

BASIS OF PRESENTATION	9 Months Ended
	Sep. 30, 2018
Basis Of Presentation [Abstract]
BASIS OF PRESENTATION	NOTE 2 – BASIS OF PRESENTATION The accounting and reporting policies of the Company conform with U.S. generally accepted accounting principles and predominant practices within the U.S. banking industry. All intercompany balances and transactions have been eliminated. The Unaudited Consolidated Financial Statements, which include the accounts of the Company and the Bank, have been prepared in accordance with U.S. generally accepted accounting principles (“GAAP”) for interim financial information and with the instructions to Form 10‑Q and Article 10 of Regulation S-X. Certain information and note disclosures normally included in the financial statements prepared in accordance with GAAP have been condensed or omitted pursuant to the rules and regulations of the SEC. The Unaudited Consolidated Financial Statements reflect all normal recurring adjustments that are, in the opinion of management, necessary for a fair presentation of the results for the interim periods presented. In preparing the interim financial statements, management has made estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenue and expense during the reported periods. The accounting and reporting policies of the Company conform with U.S generally accepted accounting principles and predominant practices within the U.S. banking industry. Certain prior-year amounts have been reclassified to conform to current year’s presentation. The results of operations for the three and nine months ended September 30, 2018 are not necessarily indicative of the results of operations that may be expected for the entire fiscal year. The unaudited consolidated financial statements presented in this report should be read in conjunction with the Company’s audited consolidated financial statements and notes to audited consolidated financial statements included in the Company’s Annual Report on Form 10‑K for the year ended December 31, 2017.

SUMMARY OF RECENT ACCOUNTING PR

SUMMARY OF RECENT ACCOUNTING PRONOUNCEMENTS	9 Months Ended
	Sep. 30, 2018
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES [Abstract]
SUMMARY OF RECENT ACCOUNTING PRONOUNCEMENTS	NOTE 3 – SUMMARY OF RECENT ACCOUNTING PRONOUNCEMENTS Pursuant to the Jumpstart Our Business Startups Act (“JOBS Act”), an Emerging Growth Company (“EGC”) is permitted to elect to adopt new accounting guidance using adoption dates of nonpublic entities. The Company elected delayed effective dates of recently issued accounting standards. Accounting Standards Update (ASU) 2014‑09, Revenue from Contracts with Customers (Topic 606), implements a common revenue standard that clarifies the principles for recognizing revenue. The core principle of ASU 2014‑09 is that an entity should recognize revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. To achieve that core principle, an entity should apply the following steps: (i) identify the contract(s) with a customer, (ii) identify the performance obligations in the contract, (iii) determine the transaction price, (iv) allocate the transaction price to the performance obligations in the contract and (v) recognize revenue when (or as) the entity satisfies a performance obligation. In August 2016, the Financial Accounting Standards Board (“FASB”) deferred the effective date of the ASU by one year which means ASU 2014‑09 will be effective for the Company on January 1, 2019. Management is in the process of evaluating revenue streams to determine the impact the ASU could have on the Company’s operating results or financial condition and does not believe that it will have a material impact on the Company’s consolidated financial statements. In January 2016, the FASB issued ASU 2016‑01, an amendment to Recognition and Measurement of Financial Assets and Financial Liabilities (Subtopic 825‑10). The objectives of the ASU are to: (1) require equity investments to be measured at fair value, with changes in fair value recognized in net income, (2) simplify the impairment assessment of equity investments without readily determinable fair values, (3) eliminate the requirement to disclose methods and significant assumptions used to estimate fair value for financial instruments measured at amortized cost on the balance sheet, (4) require the use of the exit price notion when measuring the fair value of financial instruments, and (5) clarify the need for a valuation allowance on a deferred tax asset related to available-for-sale securities in combination with the entity’s other deferred tax assets. In February 2018, the FASB issued ASU 2018‑03, Technical Corrections and Improvements to Financial Instruments – Overall – Recognition and Measurement of Financial Assets and Liabilities, an amendment to ASU 2016‑01. The amendments clarify certain aspects of the guidance issued in ASU 2016‑01. These ASUs will be effective for the Company on January 1, 2019. The Company has evaluated the impact of ASU 2016‑01 and 2018‑03 and has concluded that they will not have a material impact on its consolidated financial statements. In February 2016, the FASB issued ASU 2016‑02, Leases (Topic 842). ASU 2016‑02 requires companies that lease valuable assets to recognize on their balance sheets the assets and liabilities generated by contracts longer than a year. The amendments in this update are effective for fiscal years beginning after December 15, 2019, and interim periods within fiscal years beginning after December 15, 2020, however, early adoption is permitted. Under ASU 2016‑02, the Company will recognize a right-of-use asset and a lease obligation liability on the consolidated balance sheet, which will increase the Company’s assets and liabilities. The Company is evaluating other potential impacts of ASU 2016‑02 on its consolidated financial statements. In March 2016, the FASB issued ASU 2016‑09, Compensation - Stock Compensation (Topic 718): Improvements to Employee Share-Based Payment Accounting. The objectives of the ASU are to simplify the accounting for share-based payment transactions, including the income tax consequences, the treatment of forfeitures, and the classification on the statement of cash flows. The amendments: (i) allow companies to make an entity-wide accounting policy election either to estimate the number of forfeitures expected to occur or to account for forfeitures in the compensation cost when they occur, (ii) revise the withholding requirements for classifying stock awards as equity, (iii) requires that the tax effect of any difference between the compensation cost of an award recognized for financial reporting purposes and the deduction for an award for tax purposes is recognized as an income tax expense or benefit in the income statement in the period in which the tax deduction arises, and (iv) clarifies the classification of excess tax benefits and employee taxes paid when an employer withholds shares for tax-withholding purpose on the statement of cash flows. The Company elected to adopt ASU 2016‑09 in the second quarter of 2018 and, in accordance with the guidance, has adopted the guidance as of the beginning of the fiscal year. Under the ASU, the tax effects of awards are treated as discrete items in the reporting period in which they occur. Therefore, the tax effect of awards is not spread over the entire year through the use of the annual effective tax rate, but instead is recorded entirely in the period in which the tax deduction arose. The relevant information on restricted stock that vests and stock options that are exercised is used to compare the cumulative book expense to the tax deduction. With this information, the discrete item is calculated and recorded. The Company prospectively applied the amendment in this guidance requiring recognition of excess tax benefits and deficits in the income statement resulting in a $62,000 income tax benefit recognized in the nine months ended September 30, 2018, resulting in an effective tax rate of 31.4%. The amendments in the ASU that require application using a modified retrospective transition method did not have an impact on the Company’s retained earnings as there were no unrecognized tax benefits that existed prior to April 1, 2018 nor were there forfeiture estimates that that impacted compensation expense. 2018 is the first year of recording any excess tax deduction that are reported as a discrete item in the quarter in which restricted stocks and stock options have or will vest or be exercised. In June 2016, the FASB issued ASU No. 2016‑13, Financial Instruments – Credit Losses (Topic 326), which requires the measurement of all expected credit losses for financial assets held at the reporting date be based on historical experience, current condition, and reasonable and supportable forecasts. Financial institutions and other organizations will now use forward-looking information to better inform their credit loss estimates. This guidance also amends the accounting for credit losses on available-for-sale debt securities and purchased financial assets with credit deterioration. For the Company, this guidance is effective for fiscal years and interim periods beginning after December 15, 2020. Management has established a committee to evaluate the impact of ASU 2016‑13 on the Company’s financial statements. Management has also engaged a third party vendor for a software solution, which is expected to be implemented during 2018 to begin testing models and comparing results with current incurred loss estimates. Since the Bank has been using this vendor for credit analysis and stress testing solutions for over five years, sufficient loan level information should be readily available to test the Historical Loss and Migration Analysis models, among other potential modeling solutions. The Company expects to recognize a one-time cumulative adjustment to the allowance for loan losses as of the beginning of the reporting period in which the ASU takes effect, but cannot yet determine the magnitude of the impact on the consolidated financial statements. In January 2017, the FASB issued ASU 2017‑04, Intangibles - Goodwill and Other (Topic 350): Simplifying the Test for Goodwill Impairment, which eliminates the second step in the goodwill impairment test which requires an entity to determine the implied fair value of the reporting unit’s goodwill. Instead, an entity should recognize an impairment loss if the carrying value of the net assets assigned to the reporting unit exceeds the fair value of the reporting unit, with the impairment loss not to exceed the amount of goodwill allocated to the reporting unit. The standard is effective for the Company beginning January 1, 2021, with early adoption permitted for goodwill impairment tests performed after January 1, 2017. Management expects that ASU 2017‑04 will not have a material impact on its consolidated financial statements. In March 2017, the FASB issued ASU 2017‑08, Premium Amortization on Purchased Callable Debt Securities, which shortens the amortization period for the premium on certain purchased callable debt securities to the earliest call date. Today, entities generally amortize the premium over the contractual life of the security. The new guidance does not change the accounting for purchased callable debt securities held at a discount as discounts continue to be amortized to maturity. ASU No. 2017‑08 is effective for interim and annual reporting periods beginning after December 15, 2019 and early adoption is permitted. The guidance includes a modified retrospective transition approach under which a cumulative-effect adjustment will be made to retained earnings as of the beginning of the first reporting period in which the guidance is adopted. Management expects that ASU 2017‑08 will not have a material impact on its consolidated financial statements.

INVESTMENT SECURITIES

INVESTMENT SECURITIES	9 Months Ended
	Sep. 30, 2018
INVESTMENT SECURITIES [Abstract]
INVESTMENT SECURITIES	NOTE 4 - INVESTMENT SECURITIES The following table summarizes the amortized cost and fair value of securities available for sale and securities held to maturity at September 30, 2018 and December 31, 2017 and the corresponding amounts of gross unrealized gains and losses recognized in accumulated other comprehensive loss and gross unrecognized losses (dollars in thousands): Gross Gross Unrealized/ Unrealized/ Amortized Unrecognized Unrecognized At September 30, 2018 Cost Gains Losses Fair Value Available-for-sale Residential mortgage-backed securities $ 22,911 $ 1 $ (787) $ 22,125 Residential collateralized mortgage obligations 2,340 — (135) 2,205 Commercial collateralized mortgage obligations — — — — Municipal bond 1,080 3 — 1,083 CRA mutual fund 2,195 — (118) 2,077 Total securities available-for-sale $ 28,526 $ 4 $ (1,040) $ 27,490 Held-to-maturity Residential mortgage-backed securities $ 4,732 — $ (228) $ 4,504 Foreign government securities 25 — — 25 Total securities held-to-maturity $ 4,757 $ — $ (228) $ 4,529 Gross Gross Unrealized/ Unrealized/ Amortized Unrecognized Unrecognized At December 31, 2017 Cost Gains Losses Fair Value Available-for-sale Residential mortgage-backed securities $ 24,856 $ 70 $ (242) $ 24,684 Residential collateralized mortgage obligations 2,809 — (103) 2,706 Commercial collateralized mortgage obligations 1,581 — (31) 1,550 Municipal bond 1,098 11 — 1,109 CRA mutual fund 2,160 — (52) 2,108 Total securities available-for-sale $ 32,504 $ 81 $ (428) $ 32,157 Held-to-maturity Residential mortgage-backed securities $ 5,403 $ — $ (98) $ 5,305 Foreign government securities 25 — — 25 Total securities held-to-maturity $ 5,428 $ — $ (98) $ 5,330 The proceeds from calls of securities and the associated losses during the nine months ended September 30, 2018 were $1.5 million and $(37,000), respectively. There were no sales or calls of securities for the three months ended September 30, 2018 and for the year ended December 31, 2017. The amortized cost and fair value of debt securities at September 30, 2018 and December 31, 2017 are shown by contractual maturity. Expected maturities may differ from contractual maturities if borrowers have the right to call or prepay obligations with or without call or prepayment penalties (dollars in thousands): Held to Maturity Available for Sale At September 30, 2018 Amortized Cost Fair Value Amortized Cost Fair Value Within one year $ 25 $ 25 $ — $ — One to five years — — — — Five to ten years — — 22,018 21,205 Due after ten years 4,732 4,504 6,508 6,285 Total $ 4,757 $ 4,529 $ 28,526 $ 27,490 Held to Maturity Available for Sale At December 31, 2017 Amortized Cost Fair Value Amortized Cost Fair Value Within one year $ — $ — $ — $ — One to five years 25 25 1,581 1,550 Five to ten years — — 17,036 16,905 Due after ten years 5,403 5,305 13,887 13,702 Total $ 5,428 $ 5,330 $ 32,504 $ 32,157 There were no securities pledged at September 30, 2018 and December 31, 2017 to secure borrowings. At September 30, 2018 and December 31, 2017, all of the mortgage-backed securities and collateralized mortgage obligations held by the Bank were issued by U.S. Government-sponsored entities and agencies, primarily Fannie Mae and Freddie Mac. Securities with unrealized/unrecognized losses at September 30, 2018 and December 31, 2017, aggregated by investment category and length of time that individual securities have been in a continuous unrealized/unrecognized loss position, are as follows (dollars in thousands): Less than 12 Months 12 months or more Total Unrealized/ Unrealized/ Unrealized/ Estimated Unrecognized Estimated Unrecognized Estimated Unrecognized At September 30, 2018 Fair Value Losses Fair Value Losses Fair Value Losses Residential mortgage-backed securities $ 10,826 $ (236) $ 11,054 $ (551) $ 21,880 (787) Residential collateralized mortgage obligations — — 2,205 (135) 2,205 (135) CRA mutual fund — — 2,077 (118) 2,077 (118) Total securities available-for-sale $ 10,826 $ (236) $ 15,336 $ (804) $ 26,162 $ (1,040) Residential mortgage-backed securities $ — $ — $ 4,504 $ (228) 4,504 (228) Total securities held-to-maturity $ — $ — $ 4,504 $ (228) $ 4,504 $ (228) Less than 12 Months 12 months or more Total Unrealized/ Unrealized/ Unrealized/ Estimated Unrecognized Estimated Unrecognized Estimated Unrecognized At December 31, 2017 Fair Value Losses Fair Value Losses Fair Value Losses Residential mortgage-backed securities $ 9,194 $ (85) $ 7,738 $ (157) $ 16,932 $ (242) Residential collateralized mortgage obligations — — 2,706 (103) 2,706 (103) Commercial collateralized mortgage obligations — — 1,550 (31) 1,550 (31) CRA mutual fund — — 2,108 (52) 2,108 (52) Total securities available-for-sale $ 9,194 $ (85) $ 14,102 $ (343) $ 23,296 $ (428) Residential mortgage-backed securities $ 3,260 $ (33) $ 2,045 $ (65) $ 5,305 $ (98) Total securities held-to-maturity $ 3,260 $ (33) $ 2,045 $ (65) $ 5,305 $ (98) The unrealized losses of securities are primarily due to the changes in market interest rates subsequent to purchase. The Bank does not consider these securities to be other-than-temporarily impaired at September 30, 2018 and December 31, 2017 since the decline in market value is attributable to changes in interest rates and not credit quality. In addition, the Bank does not intend to sell and does not believe that it is more likely than not that it will be required to sell these investments until there is a full recovery of the unrealized loss, which may be at maturity. As a result, no impairment loss was recognized during the three and nine months ended September 30, 2018 and for the year ended December 31, 2017. At September 30, 2018 and December 31, 2017, there were no holdings of securities of any one issuer, other than the U.S. Government and its agencies, in an amount greater than 10% of stockholders’ equity.

LOANS AND ALLOWANCE FOR LOAN LO

LOANS AND ALLOWANCE FOR LOAN LOSSES	9 Months Ended
	Sep. 30, 2018
Loans and Leases Receivable Disclosure [Abstract]
LOANS AND ALLOWANCE FOR LOAN LOSSES	NOTE 5 – LOANS AND ALLOWANCE FOR LOAN LOSSES Loans, net of deferred costs and fees, consist of the following as of September 30, 2018 and December 31, 2017 (dollars in thousands): At September 30, 2018 At December 31, 2017 Real estate Commercial $ 893,077 $ 783,745 Construction 47,711 36,960 Multifamily 253,775 190,097 One-to-four family 22,795 25,568 Total real estate loans 1,217,358 1,036,370 Commercial and industrial 366,739 340,001 Consumer 116,738 44,595 Total loans 1,700,835 1,420,966 Deferred fees (1,906) (1,070) Loans, net of deferred fees and unamortized costs 1,698,929 1,419,896 Allowance for loan losses (18,493) (14,887) Balance at the end of the period $ 1,680,436 $ 1,405,009 Non-performing loans include non-accrual loans and loans past due over 90 days and still accruing. Non-performing loans exclude troubled debt restructurings (“TDRs”) that are accruing and have been performing in accordance with the terms of their restructure agreement for at least six months. Non-accrual loans and loans past due 90 days that are still accruing include both smaller balance homogeneous loans that are collectively evaluated for impairment and individually classified impaired loans. At September 30, 2018, there were no non-accruing TDRs. There were no loans past due over 90 days and still accruing or non-accruing TDRs at December 31, 2017. The following tables present the recorded investment in non-accrual loans and TDRs by class of loans as of September 30, 2018 and December 31, 2017 (dollars in thousands): At September 30, 2018 Nonaccrual Loans Past Due Over 90 Days Still Accruing Troubled Debt Restructuring Commercial real estate $ — $ — $ 1,522 Commercial & industrial — 328 — One-to-four family — — 1,088 Consumer 79 — 39 Total $ 79 $ 328 $ 2,649 At December 31, 2017 Nonaccrual Loans Past Due Over 90 Days Still Accruing Troubled Debt Restructuring Commercial real estate $ 787 $ — $ 1,580 Commercial & industrial — — — One-to-four family 2,447 — 1,119 Consumer 155 — — Total $ 3,389 $ — $ 2,699 Interest on non-accrual loans not recognized was $1,000 and $62,000 for the three months ended September 30, 2018 and September 30, 2017 respectively. Interest on non-accrual loans not recognized was $4,000 and $173,000 for the nine months ended September 30, 2018 and September 30, 2017 respectively. The following tables present the aging of the recorded investment in past due loans by class of loans as of September 30, 2018 and December 31, 2017 (dollars in thousands): Greater 30-59 60-89 than 90 Total past Current At September 30, 2018 Days Days days due loans Total Commercial real estate $ — $ — $ — $ — $ 893,077 $ 893,077 Commercial & industrial 30 63 328 421 366,318 366,739 Construction 2,535 — — 2,535 45,176 47,711 Multifamily — — — — 253,775 253,775 One-to-four family — — — — 22,795 22,795 Consumer 113 75 30 218 116,520 116,738 Total $ 2,678 $ 138 $ 358 $ 3,174 $ 1,697,661 $ 1,700,835 Greater 30-59 60-89 than 90 Total past Current At December 31, 2017 Days Days days due loans Total Commercial real estate $ 836 $ — $ 787 $ 1,623 $ 782,122 $ 783,745 Commercial & industrial 85 142 — 227 339,774 340,001 Construction — — — — 36,960 36,960 Multifamily — — — — 190,097 190,097 One-to-four family — — — — 25,568 25,568 Consumer 149 21 155 325 44,270 44,595 Total $ 1,070 $ 163 $ 942 $ 2,175 $ 1,418,791 $ 1,420,966 Troubled Debt Restructurings: Loans for which the terms have been modified resulting in a concession, and for which the borrower is experiencing financial difficulties, are considered TDRs and classified as impaired. Included in impaired loans at September 30, 2018 and December 31, 2017 were $2.6 million and $ 2.7 million of loans modified in TDRs, respectively. The Bank has allocated $20,000 in specific reserves to those customers with loans modified in TDRs as of September 30, 2018, compared to $9,000 allocated at December 31, 2017. The Bank had not committed to lend additional amounts as of September 30, 2018 and December 31, 2017 to customers with outstanding loans that are classified as TDRs. During the three months and nine months ended September 30, 2018 and 2017, there were no significant loans modified as TDRs. During the three and nine months ended September 30, 2018 and September 30, 2017 there were no payment defaults on any loans previously identified as TDRs. A loan is considered to be in payment default once it is 90 days contractually past due under the modified terms. In order to determine whether a borrower is experiencing financial difficulty, an evaluation is performed of the probability that the borrower will be in payment default on any of its debt in the foreseeable future without the modification. This evaluation is performed under the Bank’s internal underwriting policy. Credit Quality Indicators: The Bank 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 Bank generally analyzes all loans over $250,000, other than one-to-four family and consumer loans, individually by classifying the loans as to credit risk at least annually. For one-to-four family loans and consumer loans, the Bank evaluates credit quality based on the aging status of the loan and by performance status. An analysis is performed on a quarterly basis for loans classified as special mention, substandard, or doubtful. The Bank 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. Doubtful - Loans classified as doubtful have all the weaknesses inherent in those classified as substandard, with the added characteristic that the weaknesses make collection or liquidation in full, on the basis of currently existing facts, conditions, and values, highly questionable and improbable. Loans not meeting the criteria above are considered to be pass-rated loans. Based on the most recent analysis performed, the risk category of loans by class of loans is as follows (dollars in thousands): Special At September 30, 2018 Pass Mention Substandard Total Commercial real estate $ 891,556 $ 387 $ 1,134 $ 893,077 Commercial & industrial 366,739 — — 366,739 Construction 47,711 — — 47,711 Multifamily 253,775 — — 253,775 One-to-four family 19,837 551 2,407 22,795 Consumer 116,659 — 79 116,738 Total $ 1,696,277 $ 938 $ 3,620 $ 1,700,835 Special At December 31, 2017 Pass Mention Substandard Total Commercial real estate $ 777,410 $ 4,369 $ 1,966 $ 783,745 Commercial & industrial 331,775 8,226 — 340,001 Construction 36,960 — — 36,960 Multifamily 190,097 — — 190,097 One-to-four family 23,121 — 2,447 25,568 Consumer 44,440 — 155 44,595 Total $ 1,403,803 $ 12,595 $ 4,568 $ 1,420,966 The following table presents the activity in the Allowance for Loan Losses (referred herein as “ALLL”) by segment for the three and nine months ending September 30, 2018 and 2017 (dollars in thousands): Commercial Commercial Multi One-to-four Three months ended September 30, 2018 Real Estate & Industrial Construction Family Family Consumer Total Allowance for loan losses: Beginning balance $ 8,139 $ 6,053 $ 666 $ 1,557 $ 380 $ 668 $ 17,463 Provision/(credit) for loan losses 412 (1,264) 5 143 (44) 295 (453) Loans charged-off — — — — — (54) (54) Recoveries — 1,537 — — — — 1,537 Total ending allowance balance $ 8,551 $ 6,326 $ 671 $ 1,700 $ 336 $ 909 $ 18,493 Commercial Commercial Multi One-to-four Three months ended September 30, 2017 Real Estate & Industrial Construction Family Family Consumer Total Allowance for loan losses: Beginning balance $ 6,487 $ 5,560 $ 557 $ 958 $ 85 $ 262 $ 13,909 Provision/(credit) for loan losses 637 443 (33) 34 2 117 1,200 Loans charged-off — — — — — (34) (34) Recoveries — — — — — — — Total ending allowance balance $ 7,124 $ 6,003 $ 524 $ 992 $ 87 $ 345 $ 15,075 Commercial Commercial Multi One-to-four Nine months ended September 30, 2018 Real Estate & Industrial Construction Family Family Consumer Total Allowance for loan losses: Beginning balance $ 7,136 $ 5,578 $ 519 $ 1,156 $ 138 $ 360 $ 14,887 Provision/(credit) for loan losses 1,415 (771) 152 544 198 756 2,294 Loans charged-off — (71) — — — (207) (278) Recoveries — 1,590 — — — — 1,590 Total ending allowance balance $ 8,551 $ 6,326 $ 671 $ 1,700 $ 336 $ 909 $ 18,493 Commercial Commercial Multi One-to-four Nine months ended September 30, 2017 Real Estate & Industrial Construction Family Family Consumer Total Allowance for loan losses: Beginning balance $ 5,206 $ 5,364 $ 409 $ 620 $ 109 $ 107 $ 11,815 Provision/(credit) for loan losses 1,918 859 115 372 (22) 318 3,560 Loans charged-off — (220) — — — (80) (300) Recoveries — — — — — — — Total ending allowance balance $ 7,124 $ 6,003 $ 524 $ 992 $ 87 $ 345 $ 15,075 The following tables present the balance in the ALLL and the recorded investment in loans by portfolio segment based on impairment method as of September 30, 2018 and December 31, 2017 (dollars in thousands): Commercial Commercial Multi One-to-four At September 30, 2018 Real Estate & Industrial Construction Family Family Consumer Total Allowance for loan losses: Individually evaluated for impairment $ — $ — $ — $ — $ — $ 204 $ 204 Collectively evaluated for impairment 8,551 6,326 671 1,700 336 705 18,289 Total ending allowance balance $ 8,551 $ 6,326 $ 671 $ 1,700 $ 336 $ 909 $ 18,493 Loans: Individually evaluated for impairment $ 1,522 $ — $ — $ — $ 1,088 $ 263 $ 2,873 Collectively evaluated for impairment 891,555 366,739 47,711 253,775 21,707 116,475 1,697,962 Total ending loan balance $ 893,077 $ 366,739 $ 47,711 $ 253,775 $ 22,795 $ 116,738 $ 1,700,835 Commercial Commercial Multi One-to-four At December 31, 2017 Real Estate & Industrial Construction Family Family Consumer Total Allowance for loan losses: Individually evaluated for impairment $ — $ — $ — $ — $ 9 $ 77 $ 86 Collectively evaluated for impairment 7,136 5,578 519 1,156 129 283 14,801 Total ending allowance balance $ 7,136 $ 5,578 $ 519 $ 1,156 $ 138 $ 360 $ 14,887 Loans: Individually evaluated for impairment $ 2,368 $ — $ — $ — $ 3,566 $ 155 $ 6,089 Collectively evaluated for impairment 781,377 340,001 36,960 190,097 22,002 44,440 1,414,877 Total ending loan balance $ 783,745 $ 340,001 $ 36,960 $ 190,097 $ 25,568 $ 44,595 $ 1,420,966 A loan is considered impaired when, based on current information and events, it is probable that the Bank will be unable to collect the scheduled payments of principal or interest when due according to the contractual terms of the loan agreement. Management applies its normal loan review procedures in making these judgments. Impaired loans include individually classified nonaccrual loans and TDRs. The following table presents loans individually evaluated for impairment recognized as of September 30, 2018 and December 31, 2017 (dollars in thousands): Unpaid Principal Allowance for Loan At September 30, 2018 Balance Recorded Investment Losses Allocated With an allowance recorded: One-to-four family $ — $ — $ — Consumer 281 263 204 Total $ 281 $ 263 $ 204 Without an allowance recorded: Commercial real estate $ 1,991 $ 1,522 $ — One-to-four family 1,365 1,088 — Total $ 3,356 $ 2,610 $ — Unpaid Principal Allowance for Loan At December 31, 2017 Balance Recorded Investment Losses Allocated With an allowance recorded: One-to-four family $ 686 $ 556 $ 9 Consumer 155 155 77 Total $ 841 $ 711 $ 86 Without an allowance recorded: Commercial real estate $ 2,890 $ 2,368 $ — One-to-four family 3,157 3,010 — Total $ 6,047 $ 5,378 $ — The following table presents the average recorded investment and interest income of loans individually evaluated for impairment recognized by class of loans for the three month periods ended September 30, 2018 and 2017 (dollars in thousands): Average Recorded Interest Income Three months ended September 30, 2018 Investment Recognized With an allowance recorded: One-to-four family $ — $ — Consumer 228 3 Total $ 228 $ 3 Without an allowance recorded: Commercial real estate $ 1,528 $ 21 One-to-four family 1,093 14 Total $ 2,621 $ 35 Average Recorded Interest Income Three months ended September 30, 2017 Investment Recognized With an allowance recorded: One-to-four family $ 846 $ — Commercial and industrial 3,660 — Consumer 96 — Total $ 4,602 $ — Without an allowance recorded: Commercial real estate $ 6,306 $ 50 Commercial and industrial 1,130 12 One-to-four family 1,516 37 Total $ 8,952 $ 99 The following table presents the average recorded investment and interest income of loans individually evaluated for impairment recognized by class of loans for the nine month periods ended September 30, 2018 and 2017 (dollars in thousands): Average Recorded Interest Income Nine months ended September 30, 2018 Investment Recognized With an allowance recorded: One-to-four family $ 139 $ — Consumer 174 5 Total $ 313 $ 5 Without an allowance recorded: Commercial real estate $ 1,743 $ 83 One-to-four family 1,576 43 Total $ 3,319 $ 126 Average Recorded Interest Income Nine months ended September 30, 2017 Investment Recognized With an allowance recorded: One-to-four family $ 705 $ — Commercial and industrial 3,660 — Consumer 56 4 Total $ 4,421 $ 4 Without an allowance recorded: Commercial real estate $ 6,116 $ 227 Commercial and industrial 1,173 36 One-to-four family 1,041 96 Total $ 8,330 $ 359

EARNINGS PER SHARE

EARNINGS PER SHARE	9 Months Ended
	Sep. 30, 2018
Earnings Per Share [Abstract]
EARNINGS PER SHARE	NOTE 6 – EARNINGS PER SHARE The computation of basic and diluted earnings per share is shown below (dollars in thousands, except share data): Three months ended September 30, Nine months ended September 30, 2018 2017 2018 2017 Basic Net income per consolidated statements of income $ 7,113 $ 3,845 $ 19,268 $ 9,044 Less: Earnings allocated to participating securities (56) (74) (152) (174) Net income available to common stockholders $ 7,057 $ 3,771 $ 19,116 $ 8,870 Weighted average common shares outstanding including participating securities 8,202,841 4,633,012 8,195,363 4,632,221 Less: Weighted average participating securities (67,443) (89,087) (69,143) (89,087) Weighted average common shares outstanding 8,135,398 4,543,925 8,126,220 4,543,134 Basic earnings per common share $ 0.87 $ 0.83 $ 2.35 $ 1.95 Diluted Net income allocated to common stockholders $ 7,057 $ 3,771 $ 19,116 $ 8,870 Weighted average common shares outstanding for basic earnings per common share 8,135,398 4,543,925 8,126,220 4,543,134 Add: Dilutive effects of assumed exercise of stock options 154,334 33,000 154,801 33,000 Average shares and dilutive potential common shares 8,289,732 4,576,925 8,281,021 4,576,134 Dilutive earnings per common share $ 0.85 $ 0.82 $ 2.31 $ 1.94 All stock options for shares of common stock were considered in computing diluted earnings per common share for three months and nine months ended September 30, 2018. Stock options for 45,000 shares of common stock were not considered in computing diluted earnings per common share for three and nine months ended September 30, 2017 because they were antidilutive.

STOCK COMPENSATION PLAN

STOCK COMPENSATION PLAN	9 Months Ended
	Sep. 30, 2018
STOCK COMPENSATION PLAN [Abstract]
STOCK COMPENSATION PLAN	NOTE 7 - STOCK COMPENSATION PLAN The Company has two share-based compensation plans which are described below. Stock Option Plan The Company established the 1999 Stock Option Plan (the “1999 Plan”), as amended, under which certain employees and directors may receive stock options. Stock options are generally granted with an exercise price equal to 100% of the fair value of the common stock at the date of grant. As of September 30, 2018 and December 31, 2017, there were no unissued shares of the Company’s common stock authorized for option grants under the Plan. Equity Incentive Plan In May 2009 the Company approved the 2009 Equity Incentive Plan (the “2009 Plan”) as a successor to the 1999 Plan. The 2009 Plan permits the granting of restricted shares, incentive stock options (“ISO”), nonqualified stock options, stock appreciation rights, restricted share units and other stock-based awards to employees, directors, officers, consultants, advisors, suppliers and any other persons or entity whose services are considered valuable for up to 1,183,000 shares. Under the terms of the 2009 Plan, each option agreement cannot have an exercise price that is less than 100% of the fair value of the shares covered by the option on the date of grant. In the case of an ISO granted to any 10% stockholder, the exercise price shall not be less than 110% of the fair value of the shares covered by the option on the date of grant. In no event shall the exercise price of an option be less than the par value of the shares for which the option is exercisable. In no event shall the exercise period exceed ten years from the date of grant of the option, except, in the case of an ISO granted to a 10% stockholder, the exercise period shall not exceed five years from the date of grant. In the event of a change in control, the Company may determine that any award then outstanding shall be assumed or an equivalent award shall be substituted by the successor company. 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 volatilities based on historical volatilities of the Company’s common stock are not significant. The expected term of options granted is based on historical data and 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. No options were granted during three and nine months ended September 30, 2018 and 2017. A summary of the status of the Company’s stock options and the change during the nine months ended September 30, 2018 is presented below: Nine Months Ended September 30, 2018 Number of Weighted Average Options Exercise Price Outstanding, beginning of period 271,500 $ 19.79 Granted — — Exercised (5,000) 30.00 Cancelled/forfeited — — Outstanding, end of period 266,500 $ 19.60 Options vested and exercisable at end of period 266,500 $ 19.60 Weighted average remaining contractual life (years) 4.91 Of the options exercised during the nine months ended September 30, 2018, 3000 options were a cashless exercise. There was no unrecognized compensation cost related to non-vested stock options granted under the 2009 Plan at September 30, 2018 and December 31, 2017. There was no compensation cost related to stock option plan for the three and nine months ended September 30, 2018 and 2017. The following table summarizes information about stock options outstanding at September 30, 2018: Options Outstanding Range of Average Number Outstanding at Weighted Average Weighted Average Exercise Prices September 30, 2018 Remaining Contractual Life Exercise Price $10 – 20 231,000 5.64 $ 18.00 $21 – 30 35,500 0.20 $ 30.00 $10 – 30 266,500 4.91 $ 19.60 Restricted Stock Awards The Company issued restricted stock awards to certain key personnel under the 2009 Plan. Each restricted stock award vests based on vesting schedule outlined in the reward agreement. Restricted stock awards are subject to forfeiture if the holder is not employed by the Company on the vesting date. In 2013, stockholders approved an additional 300,000 shares available under the plan, and in 2016, an additional 760,000 shares were authorized. Total remaining shares issuable under the plan are 724,642 at September 30, 2018, which includes performance based stock awards discussed below. There were 8,987 restricted shares granted to the Board of Directors as directors’ fees during 2018 . These shares vested on the same day as they were awarded and the expense related to these were booked as directors’ fees expense. As of September 30, 2018, there was $670,000 of total unrecognized compensation expense related to the restricted stock awards. The cost is expected to be recognized over a weighted-average period of 2. 58 years. Total compensation cost that has been charged against income for this plan was $150,000 and $311,000 for the three and nine months ended September 30, 2018; and $109,000 and $306,000 for the three and nine months ended September 30, 2017, respectively. The following table summarizes the changes in the Company’s non-vested restricted stock awards for the nine months ended September 30, 2018: Nine Months Ended September 30, 2018 Weighted Average Number of Shares Grant Date Fair Value Outstanding, beginning of period 76,104 $ 20.61 Granted 8,987 48.99 Forfeited — — Vested (20,301) 32.31 Outstanding at end of period 64,790 $ 20.88 The total fair value of shares vested was $955,000 during the nine months ended September 30, 2018, respectively. Performance Based Stock Awards During the nine months ended September 30, 2018, the Company established a long term incentive award program under the 2009 Equity Incentive Plan. For each award, threshold target Performance Restricted Share Units (“PRSUs”) are eligible to be earned over a three-year performance period based on the Company’s relative performance on certain measurement goals that were established at the onset of the performance period. These awards were accounted for in accordance with on guidance prescribed in ASC Topic 718, Compensation – Stock Compensation. During the nine months ended September 30, 2018, 90,000 PRSUs were awarded under the program. These units will be granted at the end of the three year performance period. The following table summarizes the changes in the Company’s non-vested PRSU awards for the nine months ended September 30, 2018 (dollars in thousands, except share information): For the nine months ended September 30, 2018 Weighted average service inception date fair value of award shares $ 4,064,295 Minimum aggregate share payout 12,000 Maximum aggregate share payout 90,000 Likely aggregate share payout 90,000 Compensation expense recognized $ 907,775 Total compensation cost that has been charged against income for this plan was $346,000 and $908,000 for the three and nine months ended September 30, 2018, respectively.

FAIR VALUE OF FINANCIAL INSTRUM

FAIR VALUE OF FINANCIAL INSTRUMENTS	9 Months Ended
	Sep. 30, 2018
Fair Value Disclosures [Abstract]
FAIR VALUE OF FINANCIAL INSTRUMENTS	NOTE 8 - FAIR VALUE OF FINANCIAL INSTRUMENTS The Company uses fair value measurements to record fair value adjustments to certain assets and to determine fair value disclosures. The Company did not have any liabilities that were measured at fair value at September 30, 2018 and December 31, 2017. Securities available-for-sale are recorded at fair value on a recurring basis. Additionally, from time to time, the Company may be required to record at fair value other assets or liabilities on a non-recurring basis, such as certain impaired loans and goodwill. These non-recurring fair value adjustments generally involve the write-down of individual assets due to impairment losses. Accounting guidance establishes a fair value hierarchy which requires an entity to maximize the use of observable inputs and minimize the use of unobservable inputs when measuring fair value. The standard describes three levels of inputs that may be used to measure fair value: 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 on a Recurring Basis Assets measured on a recurring basis are limited to the Bank’s available-for-sale securities (“AFS”) portfolio. The AFS portfolio is carried at estimated fair value with any unrealized gains and losses, net of taxes, reported as accumulated other comprehensive income or loss in shareholders’ equity. The fair values for substantially all of these securities are obtained monthly from an independent nationally recognized pricing service. On a monthly basis, the Bank assesses the reasonableness of the fair values obtained by reference to a second independent nationally recognized pricing service. Based on the nature of these securities, the Bank’s independent pricing service provides prices which are categorized as Level 2 since quoted prices in active markets for identical assets are generally not available for the majority of securities in the Bank’s portfolio. Various modeling techniques are used to determine pricing for the Bank’s mortgage-backed securities, including option pricing and discounted cash flow models. The inputs to these models include benchmark yields, reported trades, broker/dealer quotes, issuer spreads, two-sided markets, benchmark securities, bids, offers and reference data. On an annual basis, the Bank obtains the models, inputs and assumptions utilized by its pricing service and reviews them for reasonableness. The Bank also owns equity securities with a carrying value of $2.1 million at September 30, 2018 and December 31, 2017, respectively, for which fair values are obtained from quoted market prices in active markets and, as such, are classified as Level 1. Assets measured at fair value on a recurring basis are summarized below (dollars in thousands): Fair Value Measurement using: Quoted Prices in Active Significant Markets Other Significant Carrying For Identical Observable Unobservable Amount Assets (Level 1) Inputs (Level 2) Inputs (Level 3) At September 30, 2018 Residential mortgage-backed securities $ 22,125 $ — $ 22,125 $ — Residential collateralized mortgage obligation 2,205 — 2,205 — Municipal bond 1,083 — 1,083 — CRA Mutual Fund 2,077 2,077 — — Fair Value Measurement using: Quoted Prices in Active Significant Markets Other Significant Carrying For Identical Observable Unobservable Amount Assets (Level 1) Inputs (Level 2) Inputs (Level 3) At December 31, 2017 Residential mortgage-backed securities $ 24,684 $ — $ 24,684 $ — Residential collateralized mortgage obligation 2,706 — 2,706 — Commercial collateralized mortgage obligation 1,550 — 1,550 — Municipal bond 1,109 — 1,109 — CRA Mutual Fund 2,108 2,108 — — There were no transfers between Level 1 and Level 2 during 2018. There were no assets measured at fair value on a non-recurring basis at September 30, 2018 and December 31, 2017. Carrying amount and estimated fair values of financial instruments at September 30, 2018 and December 31, 2017 were as follows (dollars in thousands): Fair Value Measurement Using: Quoted Prices in Active Significant Markets Other Significant Carrying For Identical Observable Unobservable Total Fair At September 30, 2018 Amount Assets (Level 1) Inputs (Level 2) Inputs (Level 3) Value Assets: Cash and due from banks $ 6,165 $ 6,165 $ — $ — $ 6,165 Overnight deposits 148,260 148,260 — — 148,260 Securities available for sale 27,490 2,077 25,413 — 27,490 Securities held to maturity 4,757 — 4,529 — 4,529 Loans, net 1,680,436 — — 1,630,967 1,630,967 Other investments — FRB Stock 7,233 N/A N/A N/A N/A FHLB Stock 3,912 N/A N/A N/A N/A SBA Loan Fund 5,000 N/A N/A N/A N/A Disability Opportunity Fund 500 — — 500 500 Accrued interest receivable 5,239 — 124 5,115 5,239 Financial Liabilities: Deposits without stated maturities $ 1,438,516 $ 1,438,516 $ — $ — $ 1,438,516 Deposits with stated maturities 95,415 — 95,132 — 95,132 Federal Home Loan Bank of New York advances 60,000 — 59,769 — 59,769 Trust preferred securities payable 20,620 — — 20,618 20,618 Subordinated debt, net of issuance cost 24,531 — 25,250 — 25,250 Accrued interest payable 918 43 650 225 918 Fair Value Measurement Using: Quoted Prices in Active Significant Markets Other Significant Carrying For Identical Observable Unobservable Total Fair At December 31, 2017 Amount Assets (Level 1) Inputs (Level 2) Inputs (Level 3) Value Assets: Cash and due from banks $ 6,790 $ 6,790 $ — $ — $ 6,790 Overnight deposits 254,441 254,441 — — 254,441 Securities available for sale 32,157 2,108 30,049 — 32,157 Securities held to maturity 5,428 — 5,330 — 5,330 Loans, net 1,405,009 — — 1,410,860 1,410,860 Other investments FRB Stock 3,911 N/A N/A N/A N/A FHLB Stock 2,766 N/A N/A N/A N/A SBA Loan Fund 5,000 N/A N/A N/A N/A Certificates of deposit 2,000 2,000 — — 2,000 Accrued interest receivable 4,421 11 116 4,294 4,421 Liabilities: Deposits without stated maturities $ 1,324,110 $ 1,324,110 $ — $ — $ 1,324,110 Deposits with stated maturities 80,245 — 80,079 — 80,079 Federal Home Loan Bank of New York advances 42,198 — 42,188 — 42,188 Trust preferred securities payable 20,620 — — 19,997 19,997 Subordinated debt, net of issuance cost 24,489 — 25,500 — 25,500 Accrued interest payable 749 27 258 464 749 The methods and assumptions used to estimate fair value are described as follows: Cash and Due from Banks: Carrying amounts of cash approximate fair value, since these instruments are either payable on demand or have short-term maturities and as such are classified as Level 1. Securities Available for Sale and Held to Maturity: If available, the estimated fair values are based on independent dealer quotations on nationally recognized securities exchanges and are classified as Level 1. For securities where quoted prices are not available, fair value is based on matrix pricing, which is a mathematical technique widely used in the industry to value 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 resulting in a Level 2 classification. Other Investments: It is not practicable to determine the fair value of Federal Home Loan Bank (“FHLB”) and Federal Reserve Bank (“FRB”) stock, and investments in Solomon Hess SBA Loan Fund (“SBA Loan Fund”), due to restrictions placed on transferability. Certificates of deposit values are based on actively quoted prices and as such are classified as Level 1. Other investments also include a $500,000 investment in The Disability Opportunity Fund (“DOF”), which is an equity equivalent investment to a community development financial institution. Quoted prices are not available for the DOF and fair value is estimated using discounted cash flow analysis, using interest rates currently available for similar investments resulting in a level 3 classification. Loans: Fair values of loans, excluding loans held for sale are estimated as follows: For variable rate loans that reprice frequently and with no significant change in credit risk, fair values are based on carrying values resulting in a Level 3 classification. Fair values for other loans are estimated using discounted cash flow analyses, using interest rates currently being offered for loans with similar terms to borrowers of similar credit quality establishing discount factors for these types of loans and resulting in a Level 3 classification. The methods utilized to estimate the fair value of loans do not necessarily represent an exit price. The fair value of impaired loans with specific allocations of the ALLL is generally based on recent real estate appraisals. 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 appraisers to adjust for differences between the comparable sales and income data available for similar loans and collateral underlying such loans. Such adjustments are typically significant and result in a Level 3 classification of the inputs for determining fair value. Non-real estate collateral may be valued using an appraisal, net book value per the borrower’s financial statements, or aging reports, adjusted or discounted based on management’s historical knowledge, changes in market conditions from the time of the valuation, and management’s expertise and knowledge of the client and client’s business, resulting in a Level 3 fair value classification. Impaired loans are evaluated on a quarterly basis for additional impairments and adjusted accordingly. Deposits without stated maturities: The fair values disclosed for demand deposits (e.g. interest and non-interest checking, savings and certain types of money market accounts) are equal to the amount payable on demand at the recording date (i.e., their carrying amount) resulting in a Level 1 price. Deposits with stated maturities : The estimated fair values of certificates of deposit are based on discounted cash flow calculations that use a replacement cost of funds approach to establishing discount rates for certificate of deposit maturities resulting in a Level 2 classification. Borrowed funds: Represents FHLB advances for which the estimated fair values are based on discounted cash flow calculations that use a replacement cost of funds approach to establishing discount rates for funding maturities resulting in a Level 2 classification for all other maturity terms. Trust Preferred Securities: The estimated fair value is based on estimates using market data for similarly risk weighted items and takes into consideration the features of the debentures which is an unobservable input resulting in a Level 3 classification. Subordinated Debt, net of debt issuance costs: The fair value of subordinated debt is estimated using discounted cash flow analyses based on then current borrowing rates for similar types of borrowing arrangements (deemed a Level 2 valuation), and is provided to the Company independently by a market maker in the underlying security. Accrued Interest Receivable and Payable: For these short-term instruments, the carrying amount is a reasonable estimate of the fair value resulting in a Level 1, 2 or 3 classification consistent with the underlying asset or liability the interest is associated with. Off-Balance-Sheet Liabilities: The fair value of off-balance-sheet commitments to extend credit is estimated using fees currently charged to enter into similar agreements. The fair value was immaterial as of September 30, 2018 and December 31, 2017. Fair value estimates are made at specific points in time and are based on existing on-and off-balance sheet financial instruments. These estimates are subjective in nature and dependent on a number of significant assumptions associated with each financial instrument or group of financial instruments, including estimates of discount rates, risks associated with specific financial instruments, estimates of future cash flows, and relevant available market information. Changes in assumptions could significantly affect the estimates. In addition, fair value estimates do not reflect the value of anticipated future business, premiums or discounts that could result from offering for sale at one time the Company’s entire holdings of a particular financial instrument, or the tax consequences of realizing gains or losses on the sale of financial instruments.

ACCUMULATED OTHER COMPREHENSIVE

ACCUMULATED OTHER COMPREHENSIVE LOSS	9 Months Ended
	Sep. 30, 2018
AOCI Attributable to Parent [Abstract]
ACCUMULATED OTHER COMPREHENSIVE LOSS	NOTE 9 - ACCUMULATED OTHER COMPREHENSIVE LOSS The following table presents changes in Accumulated Other Comprehensive Loss, net of tax, for the three and nine months ended September 30, 2018 and 2017 (dollars in thousands): Three months ended Nine months ended September 30, September 30, 2018 2017 2018 2017 Beginning balance $ (617) $ (73) $ (206) $ (165) Net change in other comprehensive income (loss) before reclassification (138) 42 (726) 204 Amounts reclassified from accumulated other comprehensive income — — 37 — Tax effect 52 (16) 192 (86) Net current period other comprehensive loss (86) 26 (497) 118 Ending balance $ (703) $ (47) $ (703) $ (47)

FINANCIAL INSTRUMENTS WITH OFF-

FINANCIAL INSTRUMENTS WITH OFF-BALANCE-SHEET RISK	9 Months Ended
	Sep. 30, 2018
FINANCIAL INSTRUMENTS WITH OFF-BALANCE-SHEET RISK [Abstract]
FINANCIAL INSTRUMENTS WITH OFF-BALANCE-SHEET RISK	NOTE 10 - FINANCIAL INSTRUMENTS WITH OFF-BALANCE-SHEET RISK The Bank is a party to financial instruments with off-balance-sheet risk in the normal course of business to meet the financing needs of its customers. These financial instruments include commitments to extend credit. These instruments involve, to varying degrees, elements of credit and interest rate risk in excess of the amount recognized in the financial statements. The Bank’s exposure to credit loss in the event of nonperformance by the other party to the financial instrument for commitments to extend credit is represented by the contractual amount of those instruments. The Bank uses the same credit policies in making commitments and conditional obligations as it does for on-balance-sheet instruments. The following off-balance-sheet financial instruments, whose contract amounts represent credit risk, are outstanding at September 30, 2018 and December 31, 2017 (dollars in thousands): At September 30, 2018 At December 31, 2017 Variable Variable Fixed Rate Rate Fixed Rate Rate Undrawn lines of credit $ 9,007 $ 133,041 $ 39,651 $ 76,008 Letters of credit 24,875 — 23,741 — $ 33,882 $ 133,041 $ 63,392 $ 76,008 A commitment to extend credit is a legally binding agreement to lend to a customer as long as there is no violation of any condition established in the contract. Commitments generally expire within two years. At September 30, 2018, the Bank’s fixed rate loan commitments had interest rates ranging from 3.0% to 5.6% and the Bank’s variable rate loan commitments had interest rates ranging from 4.5% to 10.3%, with a maturity of one year or more. At December 31, 2017, the Bank’s fixed rate loan commitments had interest rates ranging from 3.5% to 9.3% and the Bank’s variable rate loan commitments had interest rates ranging from 4.5% to 8.5%, with a maturity of one year or more. The amount of collateral obtained, if any, by the Bank upon extension of credit is based on management’s credit evaluation of the borrower. Collateral held varies but may include mortgages on commercial and residential real estate, security interests in business assets, equipment, deposit accounts with the Bank or other financial institutions and securities. The Bank’s stand-by letters of credit of $24.9 million and $23.7 million as of September 30, 2018 and December 31, 2017, respectively, are collateralized by interest-bearing accounts of $ 200,000 and $1.7 million as of those respective years. The stand-by letters of credit mature within one year.

SUBORDINATED DEBT

SUBORDINATED DEBT	9 Months Ended
	Sep. 30, 2018
Debt and Capital Lease Obligations [Abstract]
SUBORDINATED DEBT	NOTE 11 – SUBORDINATED DEBT On March 8, 2017, the Company completed the issuance of its $25.0 million subordinated notes at 100% issue price to accredited institutional investors. The notes mature on March 15, 2027 and bear an interest rate of 6.25% per annum. The interest is paid semiannually on March 15 and September 15 of each year through March 15, 2022 and quarterly thereafter on March 15, June 15, September 15 and December 15 of each year. Interest rate from March 15, 2022 to the maturity date shall reset quarterly to an interest rate per annum equal to the then current three month LIBOR (not less than zero) plus 426 basis points, payable quarterly in arrears. The Company may redeem the subordinated notes beginning with the interest payment date of March 15, 2022 and on any scheduled interest payment date thereafter. The subordinated notes may be redeemed in whole or in part, at a redemption price equal to 100% of the principal amount of the subordinated notes plus any accrued and unpaid interest.

SUMMARY OF RECENT ACCOUNTING _2

SUMMARY OF RECENT ACCOUNTING PRONOUNCEMENTS (Policies)	9 Months Ended
	Sep. 30, 2018
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES [Abstract]
ORGANIZATION	ORGANIZATION Metropolitan Bank Holding Corp. (a New York Corporation) (the “Company”) is a bank holding company whose principal activity is the ownership and management of Metropolitan Commercial Bank (the “Bank”), its wholly-owned subsidiary. The Bank’s primary market is the New York metropolitan area. The Bank offers a traditional range of services to individuals, businesses and others needing banking services. Its primary lending products are commercial mortgages and commercial and industrial loans. Substantially all loans are secured by specific items of collateral including business assets, consumer assets, and commercial and residential real estate. Commercial loans are expected to be repaid from the cash flows from the operations of the business. The Bank’s primary deposit products are checking, savings, and term deposit accounts, and its deposit accounts are insured by the Federal Deposit Insurance Corporation (“FDIC”) up to the maximum amounts allowed by law. The Bank commenced operations on June 22, 1999. On November 10, 2017, the Company completed its initial public offering. The net proceeds of approximately $114.8 million, net of issuance costs, has increased the Company’s liquidity and capital resources. The Company and the Bank are subject to the regulations of certain state and federal agencies and, accordingly, is periodically examined by those regulatory authorities. As a consequence of the extensive regulation of commercial banking activities, the Company’s business is susceptible to being affected by state and federal legislation and regulations.
BASIS OF PRESENTATION	BASIS OF PRESENTATION The accounting and reporting policies of the Company conform with U.S. generally accepted accounting principles and predominant practices within the U.S. banking industry. All intercompany balances and transactions have been eliminated. The Unaudited Consolidated Financial Statements, which include the accounts of the Company and the Bank, have been prepared in accordance with U.S. generally accepted accounting principles (“GAAP”) for interim financial information and with the instructions to Form 10‑Q and Article 10 of Regulation S-X. Certain information and note disclosures normally included in the financial statements prepared in accordance with GAAP have been condensed or omitted pursuant to the rules and regulations of the SEC. The Unaudited Consolidated Financial Statements reflect all normal recurring adjustments that are, in the opinion of management, necessary for a fair presentation of the results for the interim periods presented. In preparing the interim financial statements, management has made estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenue and expense during the reported periods. The accounting and reporting policies of the Company conform with U.S generally accepted accounting principles and predominant practices within the U.S. banking industry. Certain prior-year amounts have been reclassified to conform to current year’s presentation. The results of operations for the three and nine months ended September 30, 2018 are not necessarily indicative of the results of operations that may be expected for the entire fiscal year. The unaudited consolidated financial statements presented in this report should be read in conjunction with the Company’s audited consolidated financial statements and notes to audited consolidated financial statements included in the Company’s Annual Report on Form 10‑K for the year ended December 31, 2017.

INVESTMENT SECURITIES (Tables)

INVESTMENT SECURITIES (Tables)	9 Months Ended
	Sep. 30, 2018
INVESTMENT SECURITIES [Abstract]
Schedule of amortized cost and fair value of securities available-for-sale and securities held-to-maturity	Gross Gross Unrealized/ Unrealized/ Amortized Unrecognized Unrecognized At September 30, 2018 Cost Gains Losses Fair Value Available-for-sale Residential mortgage-backed securities $ 22,911 $ 1 $ (787) $ 22,125 Residential collateralized mortgage obligations 2,340 — (135) 2,205 Commercial collateralized mortgage obligations — — — — Municipal bond 1,080 3 — 1,083 CRA mutual fund 2,195 — (118) 2,077 Total securities available-for-sale $ 28,526 $ 4 $ (1,040) $ 27,490 Held-to-maturity Residential mortgage-backed securities $ 4,732 — $ (228) $ 4,504 Foreign government securities 25 — — 25 Total securities held-to-maturity $ 4,757 $ — $ (228) $ 4,529 Gross Gross Unrealized/ Unrealized/ Amortized Unrecognized Unrecognized At December 31, 2017 Cost Gains Losses Fair Value Available-for-sale Residential mortgage-backed securities $ 24,856 $ 70 $ (242) $ 24,684 Residential collateralized mortgage obligations 2,809 — (103) 2,706 Commercial collateralized mortgage obligations 1,581 — (31) 1,550 Municipal bond 1,098 11 — 1,109 CRA mutual fund 2,160 — (52) 2,108 Total securities available-for-sale $ 32,504 $ 81 $ (428) $ 32,157 Held-to-maturity Residential mortgage-backed securities $ 5,403 $ — $ (98) $ 5,305 Foreign government securities 25 — — 25 Total securities held-to-maturity $ 5,428 $ — $ (98) $ 5,330
Schedule of amortized cost and fair value of debt securities classified by contractual maturity	Held to Maturity Available for Sale At September 30, 2018 Amortized Cost Fair Value Amortized Cost Fair Value Within one year $ 25 $ 25 $ — $ — One to five years — — — — Five to ten years — — 22,018 21,205 Due after ten years 4,732 4,504 6,508 6,285 Total $ 4,757 $ 4,529 $ 28,526 $ 27,490 Held to Maturity Available for Sale At December 31, 2017 Amortized Cost Fair Value Amortized Cost Fair Value Within one year $ — $ — $ — $ — One to five years 25 25 1,581 1,550 Five to ten years — — 17,036 16,905 Due after ten years 5,403 5,305 13,887 13,702 Total $ 5,428 $ 5,330 $ 32,504 $ 32,157
Schedule of securities with unrealized/unrecognized losses	Less than 12 Months 12 months or more Total Unrealized/ Unrealized/ Unrealized/ Estimated Unrecognized Estimated Unrecognized Estimated Unrecognized At September 30, 2018 Fair Value Losses Fair Value Losses Fair Value Losses Residential mortgage-backed securities $ 10,826 $ (236) $ 11,054 $ (551) $ 21,880 (787) Residential collateralized mortgage obligations — — 2,205 (135) 2,205 (135) CRA mutual fund — — 2,077 (118) 2,077 (118) Total securities available-for-sale $ 10,826 $ (236) $ 15,336 $ (804) $ 26,162 $ (1,040) Residential mortgage-backed securities $ — $ — $ 4,504 $ (228) 4,504 (228) Total securities held-to-maturity $ — $ — $ 4,504 $ (228) $ 4,504 $ (228) Less than 12 Months 12 months or more Total Unrealized/ Unrealized/ Unrealized/ Estimated Unrecognized Estimated Unrecognized Estimated Unrecognized At December 31, 2017 Fair Value Losses Fair Value Losses Fair Value Losses Residential mortgage-backed securities $ 9,194 $ (85) $ 7,738 $ (157) $ 16,932 $ (242) Residential collateralized mortgage obligations — — 2,706 (103) 2,706 (103) Commercial collateralized mortgage obligations — — 1,550 (31) 1,550 (31) CRA mutual fund — — 2,108 (52) 2,108 (52) Total securities available-for-sale $ 9,194 $ (85) $ 14,102 $ (343) $ 23,296 $ (428) Residential mortgage-backed securities $ 3,260 $ (33) $ 2,045 $ (65) $ 5,305 $ (98) Total securities held-to-maturity $ 3,260 $ (33) $ 2,045 $ (65) $ 5,305 $ (98)

LOANS AND ALLOWANCE FOR LOAN _2

LOANS AND ALLOWANCE FOR LOAN LOSSES (Tables)	9 Months Ended
	Sep. 30, 2018
Loans and Leases Receivable Disclosure [Abstract]
Schedule of loans, net of deferred costs and fees	At September 30, 2018 At December 31, 2017 Real estate Commercial $ 893,077 $ 783,745 Construction 47,711 36,960 Multifamily 253,775 190,097 One-to-four family 22,795 25,568 Total real estate loans 1,217,358 1,036,370 Commercial and industrial 366,739 340,001 Consumer 116,738 44,595 Total loans 1,700,835 1,420,966 Deferred fees (1,906) (1,070) Loans, net of deferred fees and unamortized costs 1,698,929 1,419,896 Allowance for loan losses (18,493) (14,887) Balance at the end of the period $ 1,680,436 $ 1,405,009
Schedule of recorded investment in non-accrual loans	At September 30, 2018 Nonaccrual Loans Past Due Over 90 Days Still Accruing Troubled Debt Restructuring Commercial real estate $ — $ — $ 1,522 Commercial & industrial — 328 — One-to-four family — — 1,088 Consumer 79 — 39 Total $ 79 $ 328 $ 2,649 At December 31, 2017 Nonaccrual Loans Past Due Over 90 Days Still Accruing Troubled Debt Restructuring Commercial real estate $ 787 $ — $ 1,580 Commercial & industrial — — — One-to-four family 2,447 — 1,119 Consumer 155 — — Total $ 3,389 $ — $ 2,699
Schedule of aging of the recorded investment in past due loans	Greater 30-59 60-89 than 90 Total past Current At September 30, 2018 Days Days days due loans Total Commercial real estate $ — $ — $ — $ — $ 893,077 $ 893,077 Commercial & industrial 30 63 328 421 366,318 366,739 Construction 2,535 — — 2,535 45,176 47,711 Multifamily — — — — 253,775 253,775 One-to-four family — — — — 22,795 22,795 Consumer 113 75 30 218 116,520 116,738 Total $ 2,678 $ 138 $ 358 $ 3,174 $ 1,697,661 $ 1,700,835 Greater 30-59 60-89 than 90 Total past Current At December 31, 2017 Days Days days due loans Total Commercial real estate $ 836 $ — $ 787 $ 1,623 $ 782,122 $ 783,745 Commercial & industrial 85 142 — 227 339,774 340,001 Construction — — — — 36,960 36,960 Multifamily — — — — 190,097 190,097 One-to-four family — — — — 25,568 25,568 Consumer 149 21 155 325 44,270 44,595 Total $ 1,070 $ 163 $ 942 $ 2,175 $ 1,418,791 $ 1,420,966
Schedule of risk category of loans by class of loans	Special At September 30, 2018 Pass Mention Substandard Total Commercial real estate $ 891,556 $ 387 $ 1,134 $ 893,077 Commercial & industrial 366,739 — — 366,739 Construction 47,711 — — 47,711 Multifamily 253,775 — — 253,775 One-to-four family 19,837 551 2,407 22,795 Consumer 116,659 — 79 116,738 Total $ 1,696,277 $ 938 $ 3,620 $ 1,700,835 Special At December 31, 2017 Pass Mention Substandard Total Commercial real estate $ 777,410 $ 4,369 $ 1,966 $ 783,745 Commercial & industrial 331,775 8,226 — 340,001 Construction 36,960 — — 36,960 Multifamily 190,097 — — 190,097 One-to-four family 23,121 — 2,447 25,568 Consumer 44,440 — 155 44,595 Total $ 1,403,803 $ 12,595 $ 4,568 $ 1,420,966
Schedule of activity in the allowance for loan losses by segment	Commercial Commercial Multi One-to-four Three months ended September 30, 2018 Real Estate & Industrial Construction Family Family Consumer Total Allowance for loan losses: Beginning balance $ 8,139 $ 6,053 $ 666 $ 1,557 $ 380 $ 668 $ 17,463 Provision/(credit) for loan losses 412 (1,264) 5 143 (44) 295 (453) Loans charged-off — — — — — (54) (54) Recoveries — 1,537 — — — — 1,537 Total ending allowance balance $ 8,551 $ 6,326 $ 671 $ 1,700 $ 336 $ 909 $ 18,493 Commercial Commercial Multi One-to-four Three months ended September 30, 2017 Real Estate & Industrial Construction Family Family Consumer Total Allowance for loan losses: Beginning balance $ 6,487 $ 5,560 $ 557 $ 958 $ 85 $ 262 $ 13,909 Provision/(credit) for loan losses 637 443 (33) 34 2 117 1,200 Loans charged-off — — — — — (34) (34) Recoveries — — — — — — — Total ending allowance balance $ 7,124 $ 6,003 $ 524 $ 992 $ 87 $ 345 $ 15,075 Commercial Commercial Multi One-to-four Nine months ended September 30, 2018 Real Estate & Industrial Construction Family Family Consumer Total Allowance for loan losses: Beginning balance $ 7,136 $ 5,578 $ 519 $ 1,156 $ 138 $ 360 $ 14,887 Provision/(credit) for loan losses 1,415 (771) 152 544 198 756 2,294 Loans charged-off — (71) — — — (207) (278) Recoveries — 1,590 — — — — 1,590 Total ending allowance balance $ 8,551 $ 6,326 $ 671 $ 1,700 $ 336 $ 909 $ 18,493 Commercial Commercial Multi One-to-four Nine months ended September 30, 2017 Real Estate & Industrial Construction Family Family Consumer Total Allowance for loan losses: Beginning balance $ 5,206 $ 5,364 $ 409 $ 620 $ 109 $ 107 $ 11,815 Provision/(credit) for loan losses 1,918 859 115 372 (22) 318 3,560 Loans charged-off — (220) — — — (80) (300) Recoveries — — — — — — — Total ending allowance balance $ 7,124 $ 6,003 $ 524 $ 992 $ 87 $ 345 $ 15,075
Schedule of allowance for loan losses and the recorded investment in loans	Commercial Commercial Multi One-to-four At September 30, 2018 Real Estate & Industrial Construction Family Family Consumer Total Allowance for loan losses: Individually evaluated for impairment $ — $ — $ — $ — $ — $ 204 $ 204 Collectively evaluated for impairment 8,551 6,326 671 1,700 336 705 18,289 Total ending allowance balance $ 8,551 $ 6,326 $ 671 $ 1,700 $ 336 $ 909 $ 18,493 Loans: Individually evaluated for impairment $ 1,522 $ — $ — $ — $ 1,088 $ 263 $ 2,873 Collectively evaluated for impairment 891,555 366,739 47,711 253,775 21,707 116,475 1,697,962 Total ending loan balance $ 893,077 $ 366,739 $ 47,711 $ 253,775 $ 22,795 $ 116,738 $ 1,700,835 Commercial Commercial Multi One-to-four At December 31, 2017 Real Estate & Industrial Construction Family Family Consumer Total Allowance for loan losses: Individually evaluated for impairment $ — $ — $ — $ — $ 9 $ 77 $ 86 Collectively evaluated for impairment 7,136 5,578 519 1,156 129 283 14,801 Total ending allowance balance $ 7,136 $ 5,578 $ 519 $ 1,156 $ 138 $ 360 $ 14,887 Loans: Individually evaluated for impairment $ 2,368 $ — $ — $ — $ 3,566 $ 155 $ 6,089 Collectively evaluated for impairment 781,377 340,001 36,960 190,097 22,002 44,440 1,414,877 Total ending loan balance $ 783,745 $ 340,001 $ 36,960 $ 190,097 $ 25,568 $ 44,595 $ 1,420,966
Schedule of impaired by class of loans	The following table presents loans individually evaluated for impairment recognized as of September 30, 2018 and December 31, 2017 (dollars in thousands): Unpaid Principal Allowance for Loan At September 30, 2018 Balance Recorded Investment Losses Allocated With an allowance recorded: One-to-four family $ — $ — $ — Consumer 281 263 204 Total $ 281 $ 263 $ 204 Without an allowance recorded: Commercial real estate $ 1,991 $ 1,522 $ — One-to-four family 1,365 1,088 — Total $ 3,356 $ 2,610 $ — Unpaid Principal Allowance for Loan At December 31, 2017 Balance Recorded Investment Losses Allocated With an allowance recorded: One-to-four family $ 686 $ 556 $ 9 Consumer 155 155 77 Total $ 841 $ 711 $ 86 Without an allowance recorded: Commercial real estate $ 2,890 $ 2,368 $ — One-to-four family 3,157 3,010 — Total $ 6,047 $ 5,378 $ — The following table presents the average recorded investment and interest income of loans individually evaluated for impairment recognized by class of loans for the three month periods ended September 30, 2018 and 2017 (dollars in thousands): Average Recorded Interest Income Three months ended September 30, 2018 Investment Recognized With an allowance recorded: One-to-four family $ — $ — Consumer 228 3 Total $ 228 $ 3 Without an allowance recorded: Commercial real estate $ 1,528 $ 21 One-to-four family 1,093 14 Total $ 2,621 $ 35 Average Recorded Interest Income Three months ended September 30, 2017 Investment Recognized With an allowance recorded: One-to-four family $ 846 $ — Commercial and industrial 3,660 — Consumer 96 — Total $ 4,602 $ — Without an allowance recorded: Commercial real estate $ 6,306 $ 50 Commercial and industrial 1,130 12 One-to-four family 1,516 37 Total $ 8,952 $ 99 The following table presents the average recorded investment and interest income of loans individually evaluated for impairment recognized by class of loans for the nine month periods ended September 30, 2018 and 2017 (dollars in thousands): Average Recorded Interest Income Nine months ended September 30, 2018 Investment Recognized With an allowance recorded: One-to-four family $ 139 $ — Consumer 174 5 Total $ 313 $ 5 Without an allowance recorded: Commercial real estate $ 1,743 $ 83 One-to-four family 1,576 43 Total $ 3,319 $ 126 Average Recorded Interest Income Nine months ended September 30, 2017 Investment Recognized With an allowance recorded: One-to-four family $ 705 $ — Commercial and industrial 3,660 — Consumer 56 4 Total $ 4,421 $ 4 Without an allowance recorded: Commercial real estate $ 6,116 $ 227 Commercial and industrial 1,173 36 One-to-four family 1,041 96 Total $ 8,330 $ 359

EARNINGS PER SHARE (Tables)

EARNINGS PER SHARE (Tables)	9 Months Ended
	Sep. 30, 2018
Earnings Per Share [Abstract]
Schedule of earnings per share	Three months ended September 30, Nine months ended September 30, 2018 2017 2018 2017 Basic Net income per consolidated statements of income $ 7,113 $ 3,845 $ 19,268 $ 9,044 Less: Earnings allocated to participating securities (56) (74) (152) (174) Net income available to common stockholders $ 7,057 $ 3,771 $ 19,116 $ 8,870 Weighted average common shares outstanding including participating securities 8,202,841 4,633,012 8,195,363 4,632,221 Less: Weighted average participating securities (67,443) (89,087) (69,143) (89,087) Weighted average common shares outstanding 8,135,398 4,543,925 8,126,220 4,543,134 Basic earnings per common share $ 0.87 $ 0.83 $ 2.35 $ 1.95 Diluted Net income allocated to common stockholders $ 7,057 $ 3,771 $ 19,116 $ 8,870 Weighted average common shares outstanding for basic earnings per common share 8,135,398 4,543,925 8,126,220 4,543,134 Add: Dilutive effects of assumed exercise of stock options 154,334 33,000 154,801 33,000 Average shares and dilutive potential common shares 8,289,732 4,576,925 8,281,021 4,576,134 Dilutive earnings per common share $ 0.85 $ 0.82 $ 2.31 $ 1.94

STOCK COMPENSATION PLAN (Tables

STOCK COMPENSATION PLAN (Tables)	9 Months Ended
	Sep. 30, 2018
STOCK COMPENSATION PLAN [Abstract]
Schedule of status of the stock option plan	Nine Months Ended September 30, 2018 Number of Weighted Average Options Exercise Price Outstanding, beginning of period 271,500 $ 19.79 Granted — — Exercised (5,000) 30.00 Cancelled/forfeited — — Outstanding, end of period 266,500 $ 19.60 Options vested and exercisable at end of period 266,500 $ 19.60 Weighted average remaining contractual life (years) 4.91
Schedule of summary of stock options outstanding	Options Outstanding Range of Average Number Outstanding at Weighted Average Weighted Average Exercise Prices September 30, 2018 Remaining Contractual Life Exercise Price $10 – 20 231,000 5.64 $ 18.00 $21 – 30 35,500 0.20 $ 30.00 $10 – 30 266,500 4.91 $ 19.60
Schedule of non-vested restricted stock awards	Nine Months Ended September 30, 2018 Weighted Average Number of Shares Grant Date Fair Value Outstanding, beginning of period 76,104 $ 20.61 Granted 8,987 48.99 Forfeited — — Vested (20,301) 32.31 Outstanding at end of period 64,790 $ 20.88
Schedule of share-based compensation performance restricted stock units	For the nine months ended September 30, 2018 Weighted average service inception date fair value of award shares $ 4,064,295 Minimum aggregate share payout 12,000 Maximum aggregate share payout 90,000 Likely aggregate share payout 90,000 Compensation expense recognized $ 907,775

FAIR VALUE OF FINANCIAL INSTR_2

FAIR VALUE OF FINANCIAL INSTRUMENTS (Tables)	9 Months Ended
	Sep. 30, 2018
Fair Value Disclosures [Abstract]
Schedule of assets and liabilities measured at fair Value on recurring Basis	Fair Value Measurement using: Quoted Prices in Active Significant Markets Other Significant Carrying For Identical Observable Unobservable Amount Assets (Level 1) Inputs (Level 2) Inputs (Level 3) At September 30, 2018 Residential mortgage-backed securities $ 22,125 $ — $ 22,125 $ — Residential collateralized mortgage obligation 2,205 — 2,205 — Municipal bond 1,083 — 1,083 — CRA Mutual Fund 2,077 2,077 — — Fair Value Measurement using: Quoted Prices in Active Significant Markets Other Significant Carrying For Identical Observable Unobservable Amount Assets (Level 1) Inputs (Level 2) Inputs (Level 3) At December 31, 2017 Residential mortgage-backed securities $ 24,684 $ — $ 24,684 $ — Residential collateralized mortgage obligation 2,706 — 2,706 — Commercial collateralized mortgage obligation 1,550 — 1,550 — Municipal bond 1,109 — 1,109 — CRA Mutual Fund 2,108 2,108 — —
Schedule of carrying amount and estimated fair values of financial instruments	Fair Value Measurement Using: Quoted Prices in Active Significant Markets Other Significant Carrying For Identical Observable Unobservable Total Fair At September 30, 2018 Amount Assets (Level 1) Inputs (Level 2) Inputs (Level 3) Value Assets: Cash and due from banks $ 6,165 $ 6,165 $ — $ — $ 6,165 Overnight deposits 148,260 148,260 — — 148,260 Securities available for sale 27,490 2,077 25,413 — 27,490 Securities held to maturity 4,757 — 4,529 — 4,529 Loans, net 1,680,436 — — 1,630,967 1,630,967 Other investments — FRB Stock 7,233 N/A N/A N/A N/A FHLB Stock 3,912 N/A N/A N/A N/A SBA Loan Fund 5,000 N/A N/A N/A N/A Disability Opportunity Fund 500 — — 500 500 Accrued interest receivable 5,239 — 124 5,115 5,239 Financial Liabilities: Deposits without stated maturities $ 1,438,516 $ 1,438,516 $ — $ — $ 1,438,516 Deposits with stated maturities 95,415 — 95,132 — 95,132 Federal Home Loan Bank of New York advances 60,000 — 59,769 — 59,769 Trust preferred securities payable 20,620 — — 20,618 20,618 Subordinated debt, net of issuance cost 24,531 — 25,250 — 25,250 Accrued interest payable 918 43 650 225 918 Fair Value Measurement Using: Quoted Prices in Active Significant Markets Other Significant Carrying For Identical Observable Unobservable Total Fair At December 31, 2017 Amount Assets (Level 1) Inputs (Level 2) Inputs (Level 3) Value Assets: Cash and due from banks $ 6,790 $ 6,790 $ — $ — $ 6,790 Overnight deposits 254,441 254,441 — — 254,441 Securities available for sale 32,157 2,108 30,049 — 32,157 Securities held to maturity 5,428 — 5,330 — 5,330 Loans, net 1,405,009 — — 1,410,860 1,410,860 Other investments FRB Stock 3,911 N/A N/A N/A N/A FHLB Stock 2,766 N/A N/A N/A N/A SBA Loan Fund 5,000 N/A N/A N/A N/A Certificates of deposit 2,000 2,000 — — 2,000 Accrued interest receivable 4,421 11 116 4,294 4,421 Liabilities: Deposits without stated maturities $ 1,324,110 $ 1,324,110 $ — $ — $ 1,324,110 Deposits with stated maturities 80,245 — 80,079 — 80,079 Federal Home Loan Bank of New York advances 42,198 — 42,188 — 42,188 Trust preferred securities payable 20,620 — — 19,997 19,997 Subordinated debt, net of issuance cost 24,489 — 25,500 — 25,500 Accrued interest payable 749 27 258 464 749

ACCUMULATED OTHER COMPREHENSI_2

ACCUMULATED OTHER COMPREHENSIVE LOSS (Tables)	9 Months Ended
	Sep. 30, 2018
AOCI Attributable to Parent [Abstract]
Schedule of changes in accumulated other comprehensive loss, net of tax	Three months ended Nine months ended September 30, September 30, 2018 2017 2018 2017 Beginning balance $ (617) $ (73) $ (206) $ (165) Net change in other comprehensive income (loss) before reclassification (138) 42 (726) 204 Amounts reclassified from accumulated other comprehensive income — — 37 — Tax effect 52 (16) 192 (86) Net current period other comprehensive loss (86) 26 (497) 118 Ending balance $ (703) $ (47) $ (703) $ (47)

FINANCIAL INSTRUMENTS WITH OF_2

FINANCIAL INSTRUMENTS WITH OFF-BALANCE-SHEET RISK (Tables)	9 Months Ended
	Sep. 30, 2018
FINANCIAL INSTRUMENTS WITH OFF-BALANCE-SHEET RISK [Abstract]
Schedule of off-balance-sheet financial instruments	At September 30, 2018 At December 31, 2017 Variable Variable Fixed Rate Rate Fixed Rate Rate Undrawn lines of credit $ 9,007 $ 133,041 $ 39,651 $ 76,008 Letters of credit 24,875 — 23,741 — $ 33,882 $ 133,041 $ 63,392 $ 76,008

ORGANIZATION (Details)

ORGANIZATION (Details) $ in Millions	1 Months Ended
	Nov. 30, 2017USD ($)
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Proceeds from issuance initial public offering, net of issuance costs	$ 114.8

SUMMARY OF RECENT ACCOUNTING _3

SUMMARY OF RECENT ACCOUNTING PRONOUNCEMENTS (Details)	9 Months Ended
	Sep. 30, 2018USD ($)
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES [Abstract]
Income tax benefit recognized	$ 62,000
Effective tax rate	31.40%

INVESTMENT SECURITIES - Schedul

INVESTMENT SECURITIES - Schedule of amortized cost and fair value of securities available-for-sale (Details) - USD ($) $ in Thousands	Sep. 30, 2018	Dec. 31, 2017
Debt Securities, Available-for-sale [Line Items]
Amortized Cost	$ 28,526	$ 32,504
Gross Unrealized/Unrecognized Gains	4	81
Gross Unrealized/Unrecognized Losses	(1,040)	(428)
Fair Value	27,490	32,157
Residential mortgage-backed securities
Debt Securities, Available-for-sale [Line Items]
Amortized Cost	22,911	24,856
Gross Unrealized/Unrecognized Gains	1	70
Gross Unrealized/Unrecognized Losses	(787)	(242)
Fair Value	22,125	24,684
Residential collateralized mortgage obligations
Debt Securities, Available-for-sale [Line Items]
Amortized Cost	2,340	2,809
Gross Unrealized/Unrecognized Gains	0	0
Gross Unrealized/Unrecognized Losses	(135)	(103)
Fair Value	2,205	2,706
Commercial collateralized mortgage obligations
Debt Securities, Available-for-sale [Line Items]
Amortized Cost		1,581
Gross Unrealized/Unrecognized Gains	0	0
Gross Unrealized/Unrecognized Losses	0	(31)
Fair Value		1,550
Municipal bond
Debt Securities, Available-for-sale [Line Items]
Amortized Cost	1,080	1,098
Gross Unrealized/Unrecognized Gains	3	11
Gross Unrealized/Unrecognized Losses	0	0
Fair Value	1,083	1,109
CRA mutual fund
Debt Securities, Available-for-sale [Line Items]
Amortized Cost	2,195	2,160
Gross Unrealized/Unrecognized Gains	0	0
Gross Unrealized/Unrecognized Losses	(118)	(52)
Fair Value	$ 2,077	$ 2,108

INVESTMENT SECURITIES - Sched_2

INVESTMENT SECURITIES - Schedule of amortized cost and fair value of securities held-to-maturity (Details) - USD ($) $ in Thousands	Sep. 30, 2018	Dec. 31, 2017
Schedule of Held-to-maturity Securities [Line Items]
Amortized Cost	$ 4,757	$ 5,428
Gross Unrealized/Unrecognized Gains	0	0
Gross Unrealized/Unrecognized Losses	(228)	(98)
Total Securities	4,529	5,330
Residential mortgage-backed securities
Schedule of Held-to-maturity Securities [Line Items]
Amortized Cost	4,732	5,403
Gross Unrealized/Unrecognized Gains	0	0
Gross Unrealized/Unrecognized Losses	(228)	(98)
Total Securities	4,504	5,305
Foreign government securities
Schedule of Held-to-maturity Securities [Line Items]
Amortized Cost	25	25
Gross Unrealized/Unrecognized Gains	0	0
Gross Unrealized/Unrecognized Losses	0	0
Total Securities	$ 25	$ 25

INVESTMENT SECURITIES - Proceed

INVESTMENT SECURITIES - Proceeds from sales and calls of securities and associated gains and losses (Details) - USD ($) $ in Thousands	3 Months Ended	9 Months Ended	12 Months Ended
	Sep. 30, 2018	Sep. 30, 2018	Dec. 31, 2017
INVESTMENT SECURITIES [Abstract]
Proceeds	$ 0	$ 1,463	$ 0
Gross losses	$ 1,500	$ (37)

INVESTMENT SECURITIES - Sched_3

INVESTMENT SECURITIES - Schedule of contractual maturity of Held to Maturity (Details) - USD ($) $ in Thousands	Sep. 30, 2018	Dec. 31, 2017
Held to Maturity, Amortized Cost
Within one year	$ 25	$ 0
One to five years	0	25
Five to ten years	0	0
Due after ten years	4,732	5,403
Amortized Cost, total	4,757	5,428
Held to Maturity, Amortized Cost	4,757	5,428
Held to Maturity, Fair Value
Within one year	25	0
One to five years	0	25
Five to ten years	0	0
Due after ten years	4,504	5,305
Fair Value, total	4,529	5,330
Held to Maturity, Fair Value	4,529	5,330
Residential mortgage-backed securities
Held to Maturity, Amortized Cost
Held to Maturity, Amortized Cost	4,732	5,403
Held to Maturity, Fair Value
Held to Maturity, Fair Value	$ 4,504	$ 5,305

INVESTMENT SECURITIES - Sched_4

INVESTMENT SECURITIES - Schedule of contractual maturity of Available for Sale (Details) - USD ($)	Sep. 30, 2018	Dec. 31, 2017
Available for Sale, Amortized Cost
Within one year	$ 0	$ 0
One to five years	0	1,581,000
Five to ten years	22,018,000	17,036,000
Due after ten years	6,508,000	13,887,000
Amortized Cost, total	28,526,000	32,504,000
Available for Sale, Amortized Cost	28,526,000	32,504,000
Available for Sale, Fair Value
Within one year	0	0
One to five years	0	1,550,000
Five to ten years	21,205,000	16,905,000
Due after ten years	6,285,000	13,702,000
Fair Value, total	27,490,000	32,157,000
Available for Sale, Fair Value	27,490,000	32,157,000
Securities pledged fair value	0	0
Residential mortgage-backed securities
Available for Sale, Amortized Cost
Available for Sale, Amortized Cost	22,911,000	24,856,000
Available for Sale, Fair Value
Available for Sale, Fair Value	22,125,000	24,684,000
Residential collateralized mortgage obligations
Available for Sale, Amortized Cost
Available for Sale, Amortized Cost	2,340,000	2,809,000
Available for Sale, Fair Value
Available for Sale, Fair Value	2,205,000	2,706,000
Commercial collateralized mortgage obligations
Available for Sale, Amortized Cost
Available for Sale, Amortized Cost		1,581,000
Available for Sale, Fair Value
Available for Sale, Fair Value		1,550,000
CRA mutual fund
Available for Sale, Amortized Cost
Available for Sale, Amortized Cost	2,195,000	2,160,000
Available for Sale, Fair Value
Available for Sale, Fair Value	$ 2,077,000	$ 2,108,000

INVESTMENT SECURITIES - Sched_5

INVESTMENT SECURITIES - Schedule of unrealized/unrecognized loss position of securities available-for-sale (Details) - USD ($) $ in Thousands	Sep. 30, 2018	Dec. 31, 2017
Available-for-sale Securities [Abstract]
Less than 12 Months, Estimated Fair Value	$ 10,826	$ 9,194
Less than 12 Months, Unrealized/Unrecognized Losses	(236)	(85)
12 months or more, Estimated Fair Value	15,336	14,102
12 months or more, Unrealized/Unrecognized Losses	(804)	(343)
Total, Estimated Fair Value	26,162	23,296
Total, Unrealized/Unrecognized Losses	(1,040)	(428)
Residential mortgage-backed securities
Available-for-sale Securities [Abstract]
Less than 12 Months, Estimated Fair Value	10,826	9,194
Less than 12 Months, Unrealized/Unrecognized Losses	(236)	(85)
12 months or more, Estimated Fair Value	11,054	7,738
12 months or more, Unrealized/Unrecognized Losses	(551)	(157)
Total, Estimated Fair Value	21,880	16,932
Total, Unrealized/Unrecognized Losses	(787)	(242)
Residential collateralized mortgage obligations
Available-for-sale Securities [Abstract]
Less than 12 Months, Estimated Fair Value	0	0
Less than 12 Months, Unrealized/Unrecognized Losses	0	0
12 months or more, Estimated Fair Value	2,205	2,706
12 months or more, Unrealized/Unrecognized Losses	(135)	(103)
Total, Estimated Fair Value	2,205	2,706
Total, Unrealized/Unrecognized Losses	(135)	(103)
Commercial collateralized mortgage obligations
Available-for-sale Securities [Abstract]
Less than 12 Months, Estimated Fair Value		0
Less than 12 Months, Unrealized/Unrecognized Losses		0
12 months or more, Estimated Fair Value		1,550
12 months or more, Unrealized/Unrecognized Losses		(31)
Total, Estimated Fair Value		1,550
Total, Unrealized/Unrecognized Losses		(31)
CRA mutual fund
Available-for-sale Securities [Abstract]
Less than 12 Months, Estimated Fair Value	0	0
Less than 12 Months, Unrealized/Unrecognized Losses	0	0
12 months or more, Estimated Fair Value	2,077	2,108
12 months or more, Unrealized/Unrecognized Losses	(118)	(52)
Total, Estimated Fair Value	2,077	2,108
Total, Unrealized/Unrecognized Losses	$ (118)	$ (52)

INVESTMENT SECURITIES - Sched_6

INVESTMENT SECURITIES - Schedule of unrealized/unrecognized loss position of held-to-maturity (Details) $ in Thousands	21 Months Ended
	Sep. 30, 2018USD ($)item	Dec. 31, 2017USD ($)item
Held-to-maturity Securities [Abstract]
Less than 12 Months, Estimated Fair Value	$ 0	$ 3,260
Less than 12 Months, Unrealized/Unrecognized Losses	0	(33)
12 months or more, Estimated Fair Value	4,504	2,045
12 months or more, Unrealized/Unrecognized Losses	(228)	(65)
Total, Estimated Fair Value	4,504	5,305
Total, Unrealized/Unrecognized Losses	(228)	$ (98)
Other-than-temporary impairment loss recognized	$ 0
Number of securities of one issuer | item	0	0
Residential mortgage-backed securities
Held-to-maturity Securities [Abstract]
Less than 12 Months, Estimated Fair Value	$ 0	$ 3,260
Less than 12 Months, Unrealized/Unrecognized Losses	0	(33)
12 months or more, Estimated Fair Value	4,504	2,045
12 months or more, Unrealized/Unrecognized Losses	(228)	(65)
Total, Estimated Fair Value	4,504	5,305
Total, Unrealized/Unrecognized Losses	$ (228)	$ (98)

LOANS (Schedule of Loan Receiva

LOANS (Schedule of Loan Receivables) (Details) - USD ($) $ in Thousands	Sep. 30, 2018	Jun. 30, 2018	Dec. 31, 2017	Sep. 30, 2017	Jun. 30, 2017	Dec. 31, 2016
Loans and Leases Receivable Disclosure [Line Items]
Total loans	$ 1,700,835		$ 1,420,966
Deferred fees	(1,906)		(1,070)
Loans, net of deferred fees and unamortized costs	1,698,929		1,419,896
Allowance for loan losses	(18,493)	$ (17,463)	(14,887)	$ (15,075)	$ (13,909)	$ (11,815)
Net loans	1,680,436		1,405,009
Real estate
Loans and Leases Receivable Disclosure [Line Items]
Total loans	1,217,358		1,036,370
Real estate | Commercial
Loans and Leases Receivable Disclosure [Line Items]
Total loans	893,077		783,745
Allowance for loan losses	(8,551)	(8,139)	(7,136)	(7,124)	(6,487)	(5,206)
Real estate | Construction
Loans and Leases Receivable Disclosure [Line Items]
Total loans	47,711		36,960
Allowance for loan losses	(671)	(666)	(519)	(524)	(557)	(409)
Real estate | Multifamily
Loans and Leases Receivable Disclosure [Line Items]
Total loans	253,775		190,097
Allowance for loan losses	(1,700)	(1,557)	(1,156)	(992)	(958)	(620)
Real estate | One to four family
Loans and Leases Receivable Disclosure [Line Items]
Total loans	22,795		25,568
Allowance for loan losses	(336)	(380)	(138)	(87)	(85)	(109)
Commercial and industrial
Loans and Leases Receivable Disclosure [Line Items]
Total loans	366,739		340,001
Allowance for loan losses	(6,326)	(6,053)	(5,578)	(6,003)	(5,560)	(5,364)
Consumer
Loans and Leases Receivable Disclosure [Line Items]
Total loans	116,738		44,595
Allowance for loan losses	$ (909)	$ (668)	$ (360)	$ (345)	$ (262)	$ (107)

LOANS (Schedule of Non-accrual

LOANS (Schedule of Non-accrual Loans) (Details) - USD ($)	Sep. 30, 2018	Dec. 31, 2017
Loans and Leases Receivable Disclosure [Line Items]
Nonaccrual	$ 79,000	$ 3,389,000
Loans Past Due Over 90 Days Still Accruing	328,000	0
Troubled Debt Restructurings	2,649,000	2,699,000
Real estate | Commercial
Loans and Leases Receivable Disclosure [Line Items]
Nonaccrual	0	787,000
Loans Past Due Over 90 Days Still Accruing	0
Troubled Debt Restructurings	1,522,000	1,580,000
Real estate | One to four family
Loans and Leases Receivable Disclosure [Line Items]
Nonaccrual	0	2,447,000
Loans Past Due Over 90 Days Still Accruing	0
Troubled Debt Restructurings	1,088,000	1,119,000
Commercial and industrial
Loans and Leases Receivable Disclosure [Line Items]
Nonaccrual	0
Loans Past Due Over 90 Days Still Accruing	328,000
Consumer
Loans and Leases Receivable Disclosure [Line Items]
Nonaccrual	79,000	$ 155,000
Loans Past Due Over 90 Days Still Accruing	0
Troubled Debt Restructurings	$ 39,000

LOANS (Schedule of Past Due Loa

LOANS (Schedule of Past Due Loans) (Details) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2018USD ($)item	Sep. 30, 2017item	Sep. 30, 2018USD ($)item	Sep. 30, 2017item	Dec. 31, 2017USD ($)item
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	$ 3,174		$ 3,174		$ 2,175
Loans not Past Due	1,697,661		1,697,661		1,418,791
Total loans	$ 1,700,835		$ 1,700,835		$ 1,420,966
Number of non-accruing Trouble debt restructured | item	0		0		0
Number of contracts financing receivable modifications - Subsequent default | item	0	0	0	0
30 - 59 Days
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	$ 2,678		$ 2,678		$ 1,070
60 - 89 Days
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	138		138		163
Greater than 90 days
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	358		358		942
Real estate
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total loans	1,217,358		1,217,358		1,036,370
Real estate | Commercial
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	0		0		1,623
Loans not Past Due	893,077		893,077		782,122
Total loans	893,077		893,077		783,745
Real estate | Commercial | 30 - 59 Days
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	0		0		836
Real estate | Commercial | 60 - 89 Days
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	0		0		0
Real estate | Commercial | Greater than 90 days
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	0		0		787
Real estate | Construction
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	2,535		2,535		0
Loans not Past Due	45,176		45,176		36,960
Total loans	47,711		47,711		36,960
Real estate | Construction | 30 - 59 Days
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	2,535		2,535		0
Real estate | Construction | 60 - 89 Days
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	0		0		0
Real estate | Construction | Greater than 90 days
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	0		0		0
Real estate | Multifamily
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	0		0		0
Loans not Past Due	253,775		253,775		190,097
Total loans	253,775		253,775		190,097
Real estate | Multifamily | 30 - 59 Days
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	0		0		0
Real estate | Multifamily | 60 - 89 Days
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	0		0		0
Real estate | Multifamily | Greater than 90 days
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	0		0		0
Real estate | One to four family
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	0		0		0
Loans not Past Due	22,795		22,795		25,568
Total loans	22,795		22,795		25,568
Real estate | One to four family | 30 - 59 Days
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	0		0		0
Real estate | One to four family | 60 - 89 Days
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	0		0		0
Real estate | One to four family | Greater than 90 days
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	0		0		0
Commercial and industrial
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	421		421		227
Loans not Past Due	366,318		366,318		339,774
Total loans	366,739		366,739		340,001
Commercial and industrial | 30 - 59 Days
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	30		30		85
Commercial and industrial | 60 - 89 Days
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	63		63		142
Commercial and industrial | Greater than 90 days
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	328		328		0
Consumer
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	218		218		325
Loans not Past Due	116,520		116,520		44,270
Total loans	116,738		116,738		44,595
Consumer | 30 - 59 Days
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	113		113		149
Consumer | 60 - 89 Days
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	75		75		21
Consumer | Greater than 90 days
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	$ 30		$ 30		$ 155

LOANS (Schedule of Loans by Ris

LOANS (Schedule of Loans by Risk Category) (Details) - USD ($) $ in Thousands	Sep. 30, 2018	Dec. 31, 2017
Loans and Leases Receivable Disclosure [Line Items]
Loans and Leases Receivable, Gross	$ 1,700,835	$ 1,420,966
Pass
Loans and Leases Receivable Disclosure [Line Items]
Loans and Leases Receivable, Gross	1,696,277	1,403,803
Special Mention
Loans and Leases Receivable Disclosure [Line Items]
Loans and Leases Receivable, Gross	938	12,595
Substandard
Loans and Leases Receivable Disclosure [Line Items]
Loans and Leases Receivable, Gross	3,620	4,568
Pass Rated Loans
Loans and Leases Receivable Disclosure [Line Items]
Loans and Leases Receivable, Gross	1,700,835	1,420,966
Real estate
Loans and Leases Receivable Disclosure [Line Items]
Loans and Leases Receivable, Gross	1,217,358	1,036,370
Real estate | Commercial
Loans and Leases Receivable Disclosure [Line Items]
Loans and Leases Receivable, Gross	893,077	783,745
Real estate | Commercial | Pass
Loans and Leases Receivable Disclosure [Line Items]
Loans and Leases Receivable, Gross	891,556	777,410
Real estate | Commercial | Special Mention
Loans and Leases Receivable Disclosure [Line Items]
Loans and Leases Receivable, Gross	387	4,369
Real estate | Commercial | Substandard
Loans and Leases Receivable Disclosure [Line Items]
Loans and Leases Receivable, Gross	1,134	1,966
Real estate | Construction
Loans and Leases Receivable Disclosure [Line Items]
Loans and Leases Receivable, Gross	47,711	36,960
Real estate | Construction | Pass
Loans and Leases Receivable Disclosure [Line Items]
Loans and Leases Receivable, Gross	47,711	36,960
Real estate | Construction | Special Mention
Loans and Leases Receivable Disclosure [Line Items]
Loans and Leases Receivable, Gross	0	0
Real estate | Construction | Substandard
Loans and Leases Receivable Disclosure [Line Items]
Loans and Leases Receivable, Gross	0	0
Real estate | Multifamily
Loans and Leases Receivable Disclosure [Line Items]
Loans and Leases Receivable, Gross	253,775	190,097
Real estate | Multifamily | Pass
Loans and Leases Receivable Disclosure [Line Items]
Loans and Leases Receivable, Gross	253,775	190,097
Real estate | Multifamily | Special Mention
Loans and Leases Receivable Disclosure [Line Items]
Loans and Leases Receivable, Gross	0	0
Real estate | Multifamily | Substandard
Loans and Leases Receivable Disclosure [Line Items]
Loans and Leases Receivable, Gross	0	0
Real estate | One to four family
Loans and Leases Receivable Disclosure [Line Items]
Loans and Leases Receivable, Gross	22,795	25,568
Real estate | One to four family | Pass
Loans and Leases Receivable Disclosure [Line Items]
Loans and Leases Receivable, Gross	19,837	23,121
Real estate | One to four family | Special Mention
Loans and Leases Receivable Disclosure [Line Items]
Loans and Leases Receivable, Gross	551	0
Real estate | One to four family | Substandard
Loans and Leases Receivable Disclosure [Line Items]
Loans and Leases Receivable, Gross	2,407	2,447
Commercial and industrial
Loans and Leases Receivable Disclosure [Line Items]
Loans and Leases Receivable, Gross	366,739	340,001
Commercial and industrial | Pass
Loans and Leases Receivable Disclosure [Line Items]
Loans and Leases Receivable, Gross	366,739	331,775
Commercial and industrial | Special Mention
Loans and Leases Receivable Disclosure [Line Items]
Loans and Leases Receivable, Gross	0	8,226
Commercial and industrial | Substandard
Loans and Leases Receivable Disclosure [Line Items]
Loans and Leases Receivable, Gross	0	0
Consumer
Loans and Leases Receivable Disclosure [Line Items]
Loans and Leases Receivable, Gross	116,738	44,595
Consumer | Pass
Loans and Leases Receivable Disclosure [Line Items]
Loans and Leases Receivable, Gross	116,659	44,440
Consumer | Special Mention
Loans and Leases Receivable Disclosure [Line Items]
Loans and Leases Receivable, Gross	0	0
Consumer | Substandard
Loans and Leases Receivable Disclosure [Line Items]
Loans and Leases Receivable, Gross	$ 79	$ 155

LOANS (Schedule of Activity in

LOANS (Schedule of Activity in the Allowance for Loan Losses by Segment) (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2018	Sep. 30, 2017	Sep. 30, 2018	Sep. 30, 2017
Allowance for Loan and Lease Losses [Roll Forward]
Beginning balance	$ 17,463	$ 13,909	$ 14,887	$ 11,815
Provision/(credit) for loan losses	(453)	1,200	2,294	3,560
Loans charged-off	(54)	(34)	(278)	(300)
Recoveries	1,537	0	1,590	0
Total ending allowance balance	18,493	15,075	18,493	15,075
Real estate | Commercial
Allowance for Loan and Lease Losses [Roll Forward]
Beginning balance	8,139	6,487	7,136	5,206
Provision/(credit) for loan losses	412	637	1,415	1,918
Loans charged-off	0	0	0	0
Recoveries	0	0	0	0
Total ending allowance balance	8,551	7,124	8,551	7,124
Real estate | Construction
Allowance for Loan and Lease Losses [Roll Forward]
Beginning balance	666	557	519	409
Provision/(credit) for loan losses	5	(33)	152	115
Loans charged-off	0	0	0	0
Recoveries	0	0	0	0
Total ending allowance balance	671	524	671	524
Real estate | Multifamily
Allowance for Loan and Lease Losses [Roll Forward]
Beginning balance	1,557	958	1,156	620
Provision/(credit) for loan losses	143	34	544	372
Loans charged-off	0	0	0	0
Recoveries	0	0	0	0
Total ending allowance balance	1,700	992	1,700	992
Real estate | One to four family
Allowance for Loan and Lease Losses [Roll Forward]
Beginning balance	380	85	138	109
Provision/(credit) for loan losses	(44)	2	198	(22)
Loans charged-off	0	0	0	0
Recoveries	0	0	0	0
Total ending allowance balance	336	87	336	87
Commercial and industrial
Allowance for Loan and Lease Losses [Roll Forward]
Beginning balance	6,053	5,560	5,578	5,364
Provision/(credit) for loan losses	(1,264)	443	(771)	859
Loans charged-off	0	0	(71)	(220)
Recoveries	1,537	0	1,590	0
Total ending allowance balance	6,326	6,003	6,326	6,003
Consumer
Allowance for Loan and Lease Losses [Roll Forward]
Beginning balance	668	262	360	107
Provision/(credit) for loan losses	295	117	756	318
Loans charged-off	(54)	(34)	(207)	(80)
Recoveries	0	0	0	0
Total ending allowance balance	$ 909	$ 345	$ 909	$ 345

LOANS (Schedule of Loans by Imp

LOANS (Schedule of Loans by Impairment Method) (Details) - USD ($) $ in Thousands	Sep. 30, 2018	Jun. 30, 2018	Dec. 31, 2017	Sep. 30, 2017	Jun. 30, 2017	Dec. 31, 2016
Loans and Leases Receivable Disclosure [Line Items]
Individually evaluated for impairment, Allowance for loan losses	$ 204		$ 86
Collectively evaluated for impairment, Allowance for loan losses	18,289		14,801
Total ending allowance balance	18,493	$ 17,463	14,887	$ 15,075	$ 13,909	$ 11,815
Individually evaluated for impairment, Loans	2,873		6,089
Collectively evaluated for impairment, Loans	1,697,962		1,414,877
Total ending loan balance	1,700,835		1,420,966
Real estate
Loans and Leases Receivable Disclosure [Line Items]
Total ending loan balance	1,217,358		1,036,370
Real estate | Commercial
Loans and Leases Receivable Disclosure [Line Items]
Individually evaluated for impairment, Allowance for loan losses	0		0
Collectively evaluated for impairment, Allowance for loan losses	8,551		7,136
Total ending allowance balance	8,551	8,139	7,136	7,124	6,487	5,206
Individually evaluated for impairment, Loans	1,522		2,368
Collectively evaluated for impairment, Loans	891,555		781,377
Total ending loan balance	893,077		783,745
Real estate | Construction
Loans and Leases Receivable Disclosure [Line Items]
Individually evaluated for impairment, Allowance for loan losses	0		0
Collectively evaluated for impairment, Allowance for loan losses	671		519
Total ending allowance balance	671	666	519	524	557	409
Individually evaluated for impairment, Loans	0		0
Collectively evaluated for impairment, Loans	47,711		36,960
Total ending loan balance	47,711		36,960
Real estate | Multifamily
Loans and Leases Receivable Disclosure [Line Items]
Individually evaluated for impairment, Allowance for loan losses	0		0
Collectively evaluated for impairment, Allowance for loan losses	1,700		1,156
Total ending allowance balance	1,700	1,557	1,156	992	958	620
Individually evaluated for impairment, Loans	0		0
Collectively evaluated for impairment, Loans	253,775		190,097
Total ending loan balance	253,775		190,097
Real estate | One to four family
Loans and Leases Receivable Disclosure [Line Items]
Individually evaluated for impairment, Allowance for loan losses	0		9
Collectively evaluated for impairment, Allowance for loan losses	336		129
Total ending allowance balance	336	380	138	87	85	109
Individually evaluated for impairment, Loans	1,088		3,566
Collectively evaluated for impairment, Loans	21,707		22,002
Total ending loan balance	22,795		25,568
Commercial and industrial
Loans and Leases Receivable Disclosure [Line Items]
Individually evaluated for impairment, Allowance for loan losses	0		0
Collectively evaluated for impairment, Allowance for loan losses	6,326		5,578
Total ending allowance balance	6,326	6,053	5,578	6,003	5,560	5,364
Individually evaluated for impairment, Loans	0		0
Collectively evaluated for impairment, Loans	366,739		340,001
Total ending loan balance	366,739		340,001
Consumer
Loans and Leases Receivable Disclosure [Line Items]
Individually evaluated for impairment, Allowance for loan losses	204		77
Collectively evaluated for impairment, Allowance for loan losses	705		283
Total ending allowance balance	909	$ 668	360	$ 345	$ 262	$ 107
Individually evaluated for impairment, Loans	263		155
Collectively evaluated for impairment, Loans	116,475		44,440
Total ending loan balance	$ 116,738		$ 44,595

LOANS (Schedule of Impaired by

LOANS (Schedule of Impaired by Class of Loans) (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2018	Sep. 30, 2017	Sep. 30, 2018	Sep. 30, 2017	Dec. 31, 2017
With an allowance recorded:
Unpaid Principal Balance	$ 281		$ 281		$ 841
Recorded Investment	263		263		711
Allowance for Loan Losses Allocated	204		204		86
Average Recorded Investment	228	$ 4,602	313	$ 4,421
Interest Income Recognized	3		5	4
With no related allowance recorded:
Unpaid Principal Balance	3,356		3,356		6,047
Recorded Investment	2,610		2,610		5,378
Average Recorded Investment	2,621	8,952	3,319	8,330
Interest Income Recognized	35	99	126	359
Real estate | Commercial
With no related allowance recorded:
Unpaid Principal Balance	1,991		1,991		2,890
Recorded Investment	1,522		1,522		2,368
Average Recorded Investment	1,528	6,306	1,743	6,116
Interest Income Recognized	21	50	83	227
Real estate | One to four family
With an allowance recorded:
Unpaid Principal Balance	0		0		686
Recorded Investment	0		0		556
Allowance for Loan Losses Allocated	0		0		9
Average Recorded Investment	0	846	139	705
Interest Income Recognized	0		0	0
With no related allowance recorded:
Unpaid Principal Balance	1,365		1,365		3,157
Recorded Investment	1,088		1,088		3,010
Average Recorded Investment	1,093	1,516	1,576	1,041
Interest Income Recognized	14	37	43	96
Commercial and industrial
With an allowance recorded:
Average Recorded Investment		3,660		3,660
Interest Income Recognized		0		0
With no related allowance recorded:
Average Recorded Investment		1,130		1,173
Interest Income Recognized		12		36
Consumer
With an allowance recorded:
Unpaid Principal Balance	281		281		155
Recorded Investment	263		263		155
Allowance for Loan Losses Allocated	204		204		$ 77
Average Recorded Investment	228	96	174	56
Interest Income Recognized	$ 3	$ 0	$ 5	$ 4

LOANS (Details)

LOANS (Details) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2018	Sep. 30, 2017	Sep. 30, 2018	Sep. 30, 2017	Dec. 31, 2017
Loans and Leases Receivable Disclosure [Abstract]
Interest on non-accrual loans not recognized	$ 1,000	$ 62,000	$ 4,000	$ 173,000
Loans modified in troubled debt restructurings	2,600,000		2,600,000		$ 2,700,000
Specific reserves modified in troubled debt restructurings	$ 20,000		$ 20,000		$ 9,000

EARNINGS PER COMMON SHARE (Comp

EARNINGS PER COMMON SHARE (Computation of Basic and Diluted Earnings per Share) (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2018	Sep. 30, 2017	Sep. 30, 2018	Sep. 30, 2017
Basic
Net income per consolidated statements of operations	$ 7,113	$ 3,845	$ 19,268	$ 9,044
Less: Earnings allocated to participating securities	(56)	(74)	(152)	(174)
Net income available to common stockholders	$ 7,057	$ 3,771	$ 19,116	$ 8,870
Weighted average common shares outstanding including participating securities	8,202,841	4,633,012	8,195,363	4,632,221
Less: Weighted average participating securities	(67,443)	(89,087)	(69,143)	(89,087)
Weighted average common shares outstanding	8,135,398	4,543,925	8,126,220	4,543,134
Basic earnings per share (in dollars per share)	$ 0.87	$ 0.83	$ 2.35	$ 1.95
Diluted
Net income allocated to common stockholders	$ 7,057	$ 3,771	$ 19,116	$ 8,870
Weighted average common shares outstanding for basic earnings per common share	8,135,398	4,543,925	8,126,220	4,543,134
Add: Dilutive effects of assumed exercise of stock options	154,334	33,000	154,801	33,000
Average shares and dilutive potential common shares	8,289,732	4,576,925	8,281,021	4,576,134
Diluted earnings per share (in dollars per share)	$ 0.85	$ 0.82	$ 2.31	$ 1.94

EARNINGS PER COMMON SHARE (Deta

EARNINGS PER COMMON SHARE (Details) - shares	3 Months Ended	9 Months Ended
	Sep. 30, 2017	Sep. 30, 2017
Earnings Per Share [Abstract]
Number of antidilutive shares not considered in computing diluted earnings per share	45,000	45,000

STOCK COMPENSATION PLAN (Summar

STOCK COMPENSATION PLAN (Summary of the Status of the Stock Option Plan) (Details)	3 Months Ended		9 Months Ended
	Sep. 30, 2018$ / sharesshares	Sep. 30, 2017shares	Sep. 30, 2018item$ / sharesshares	Sep. 30, 2017shares
Number of Options
Outstanding, beginning of period | shares			271,500
Granted | shares	0	0	0	0
Exercised | shares			(5,000)
Cancelled/forfeited | shares			0
Outstanding, end of period | shares	266,500		266,500
Options vested and exercisable at end of period | shares	266,500		266,500
Weighted Average Exercise Price
Outstanding, beginning of period | $ / shares			$ 19.79
Granted | $ / shares			0
Exercised | $ / shares			30
Cancelled/forfeited | $ / shares			0
Outstanding, end of period | $ / shares	$ 19.60		$ 19.60
Number of share-based compensation plans | item			2
Options vested and exercisable at end of period | $ / shares	$ 19.60		$ 19.60
Weighted average remaining contractual life (years)			4 years 10 months 28 days

STOCK COMPENSATION PLAN (Equity

STOCK COMPENSATION PLAN (Equity Incentive Plan) (Details) - USD ($)	1 Months Ended		3 Months Ended		9 Months Ended
	Dec. 31, 2016	Dec. 31, 2013	Sep. 30, 2018	Sep. 30, 2017	Sep. 30, 2018	Sep. 30, 2017	Dec. 31, 2017
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Fair value of shares vested					$ 955,000
Stock Option
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Percentage of exercise price over the fair value of the common stock					100.00%
Unrecognized compensation cost related to non-vested stock options			$ 0		$ 0		$ 0
Equity Incentive Plan | Maximum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based payment award, exercise period from the grant date					10 years
Incentive stock options
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based payment award, shares authorized, maximum			1,183,000		1,183,000
Compensation cost related to stock award plan			$ 0	$ 0	$ 0	$ 0
Incentive stock options | Maximum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based payment award, exercise period from the grant date					5 years
Incentive stock options | Minimum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Percentage of exercise price over the fair value of the common stock					100.00%
Incentive stock options granted to any 10% stockholder | Minimum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Percentage of exercise price over the fair value of the common stock					110.00%
Non-vested restricted stock
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based payment award, shares authorized, maximum			724,642		724,642
Unrecognized compensation cost related to non-vested stock options			$ 670,000		$ 670,000
Compensation cost related to stock award plan			150,000	$ 109,000	$ 311,000	$ 306,000
Number of additional shares authorized	760,000	300,000
Unrecognized compensation expense recognition period					2 years 6 months 29 days
Number of shares, Vested					20,301
Restricted shares granted to the Board of Directors					8,987
Performance Restricted Share Units ("PRSUs")
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of PRSUs awarded					90,000
Threshold target performance period					3 years
Compensation expense recognized			$ 346,000		$ 907,775

STOCK COMPENSATION PLAN (Summ_2

STOCK COMPENSATION PLAN (Summary of Stock Options Outstanding) (Details)	9 Months Ended
	Sep. 30, 2018$ / sharesshares
$10 - 20
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items]
Range of Average Exercise Prices, Lower Limit	$ 10
Range of Average Exercise Prices, Upper Limit	$ 20
Number of Options Outstanding | shares	231,000
Weighted Average Remaining Contractual Life	5 years 7 months 21 days
Weighted Average Exercise Price	$ 18
$21 - 30
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items]
Range of Average Exercise Prices, Lower Limit	21
Range of Average Exercise Prices, Upper Limit	$ 30
Number of Options Outstanding | shares	35,500
Weighted Average Remaining Contractual Life	2 months 12 days
Weighted Average Exercise Price	$ 30
$10 - 30
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items]
Range of Average Exercise Prices, Lower Limit	10
Range of Average Exercise Prices, Upper Limit	$ 30
Number of Options Outstanding | shares	266,500
Weighted Average Remaining Contractual Life	4 years 10 months 28 days
Weighted Average Exercise Price	$ 19.60

STOCK COMPENSATION PLAN (Summ_3

STOCK COMPENSATION PLAN (Summary of Non-Vested Restricted Stock Awards) (Details) - Non-vested restricted stock	9 Months Ended
	Sep. 30, 2018$ / sharesshares
Number of Shares
Outstanding, beginning of period | shares	76,104
Granted | shares	8,987
Forfeited | shares	0
Vested | shares	(20,301)
Outstanding at end of period | shares	64,790
Weighted Average Grant Date Fair Value
Outstanding, beginning of period | $ / shares	$ 20.61
Granted | $ / shares	48.99
Forfeited | $ / shares	0
Vested | $ / shares	32.31
Outstanding at end of period | $ / shares	$ 20.88

STOCK COMPENSATION PLAN (Detail

STOCK COMPENSATION PLAN (Details) - USD ($)	3 Months Ended	9 Months Ended
	Sep. 30, 2018	Sep. 30, 2018
Minimum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Aggregate share payout		12,000
Maximum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Aggregate share payout		90,000
Performance Restricted Share Units ("PRSUs")
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Weighted average service inception date fair value of award shares		$ 4,064,295
Likely aggregate share payout		90,000
Compensation expense recognized	$ 346,000	$ 907,775

FAIR VALUE OF FINANCIAL INSTR_3

FAIR VALUE OF FINANCIAL INSTRUMENTS - Assets and liabilities measured at fair value on a recurring basis (Details) - USD ($) $ in Thousands	Sep. 30, 2018	Dec. 31, 2017
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Amount of transfers of assets measured on a recurring basis out of Level 1 of the fair value hierarchy into Level 2	$ 0
Amount of transfers of assets measured on a recurring basis out of Level 2 of the fair value hierarchy into Level 1	0
Fair value assets measured at fair value on a non-recurring basis	0	$ 0
Carrying Amount | Residential mortgage-backed securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value	22,125	24,684
Recurring basis | Fair Value, Inputs, Level 1 | Residential mortgage-backed securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value	0	0
Recurring basis | Fair Value, Inputs, Level 1 | Residential collateralized mortgage obligation
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value	0	0
Recurring basis | Fair Value, Inputs, Level 1 | Commercial collateralized mortgage obligations
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value		0
Recurring basis | Fair Value, Inputs, Level 1 | Municipal bond
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value	0	0
Recurring basis | Fair Value, Inputs, Level 1 | CRA mutual fund
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value	2,077	2,108
Recurring basis | Fair Value, Inputs, Level 2 | Residential mortgage-backed securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value	22,125	24,684
Recurring basis | Fair Value, Inputs, Level 2 | Residential collateralized mortgage obligation
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value	2,205	2,706
Recurring basis | Fair Value, Inputs, Level 2 | Commercial collateralized mortgage obligations
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value		1,550
Recurring basis | Fair Value, Inputs, Level 2 | Municipal bond
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value	1,083	1,109
Recurring basis | Fair Value, Inputs, Level 2 | CRA mutual fund
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value	0	0
Recurring basis | Fair Value, Inputs, Level 3 | Residential mortgage-backed securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value	0	0
Recurring basis | Fair Value, Inputs, Level 3 | Residential collateralized mortgage obligation
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value	0	0
Recurring basis | Fair Value, Inputs, Level 3 | Commercial collateralized mortgage obligations
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value		0
Recurring basis | Fair Value, Inputs, Level 3 | Municipal bond
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value	0	0
Recurring basis | Fair Value, Inputs, Level 3 | CRA mutual fund
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value	0	0
Recurring basis | Carrying Amount | Residential collateralized mortgage obligation
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value	2,205	2,706
Recurring basis | Carrying Amount | Commercial collateralized mortgage obligations
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value		1,550
Recurring basis | Carrying Amount | Municipal bond
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value	1,083	1,109
Recurring basis | Carrying Amount | CRA mutual fund
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value	$ 2,077	$ 2,108

FAIR VALUE OF FINANCIAL INSTR_4

FAIR VALUE OF FINANCIAL INSTRUMENTS (Carrying Amount and Estimated Fair Values of Financial Instruments) (Details) - USD ($) $ in Thousands	Sep. 30, 2018	Dec. 31, 2017
Assets:
Securities available for sale	$ 27,490	$ 32,157
Securities held to maturity	4,529	5,330
Carrying Amount
Assets:
Cash and due from banks	6,165	6,790
Overnight deposits	148,260	254,441
Securities available for sale	27,490	32,157
Securities held to maturity	4,757	5,428
Loans, net	1,680,436	1,405,009
Other investments
FRB Stock	7,233	3,911
FHLB Stock	3,912	2,766
SBA Loan Fund	5,000	5,000
Certificates of deposit		2,000
Disability Opportunity Fund	500
Accrued interest receivable	5,239	4,421
Liabilities:
Deposits without stated maturities	1,438,516	1,324,110
Deposits with stated maturities	95,415	80,245
Borrowed Funds		42,198
Federal Home Loan Bank of New York advances	60,000
Trust preferred securities payable	20,620	20,620
Subordinated debt, net of issuance cost	24,531	24,489
Accrued interest payable	918	749
Total Fair Value
Assets:
Cash and due from banks	6,165	6,790
Overnight deposits	148,260	254,441
Securities available for sale	27,490	32,157
Securities held to maturity	4,529	5,330
Loans, net	1,630,967	1,410,860
Other investments
Certificates of deposit		2,000
Disability Opportunity Fund	500
Accrued interest receivable	5,239	4,421
Liabilities:
Deposits without stated maturities	1,438,516	1,324,110
Deposits with stated maturities	95,132	80,079
Borrowed Funds		42,188
Federal Home Loan Bank of New York advances	59,769
Trust preferred securities payable	20,618	19,997
Subordinated debt, net of issuance cost	25,250	25,500
Accrued interest payable	918	749
Fair Value, Inputs, Level 1
Assets:
Cash and due from banks	6,165	6,790
Overnight deposits	148,260	254,441
Securities available for sale	2,077	2,108
Securities held to maturity	0	0
Loans, net	0	0
Other investments
Certificates of deposit		2,000
Accrued interest receivable		11
Liabilities:
Deposits without stated maturities	1,438,516	1,324,110
Deposits with stated maturities	0	0
Borrowed Funds		0
Federal Home Loan Bank of New York advances	0
Trust preferred securities payable	0	0
Subordinated debt, net of issuance cost	0	0
Accrued interest payable	43	27
Fair Value, Inputs, Level 2
Assets:
Cash and due from banks	0	0
Overnight deposits	0	0
Securities available for sale	25,413	30,049
Securities held to maturity	4,529	5,330
Loans, net	0	0
Other investments
Certificates of deposit		0
Accrued interest receivable	124	116
Liabilities:
Deposits without stated maturities	0	0
Deposits with stated maturities	95,132	80,079
Borrowed Funds		42,188
Federal Home Loan Bank of New York advances	59,769
Trust preferred securities payable	0	0
Subordinated debt, net of issuance cost	25,250	25,500
Accrued interest payable	650	258
Fair Value, Inputs, Level 3
Assets:
Cash and due from banks	0	0
Overnight deposits	0	0
Securities available for sale	0	0
Securities held to maturity	0	0
Loans, net	1,630,967	1,410,860
Other investments
Certificates of deposit		0
Disability Opportunity Fund	500
Accrued interest receivable	5,115	4,294
Liabilities:
Deposits without stated maturities	0	0
Deposits with stated maturities	0	0
Borrowed Funds		0
Federal Home Loan Bank of New York advances	0
Trust preferred securities payable	20,618	19,997
Subordinated debt, net of issuance cost	0	0
Accrued interest payable	$ 225	$ 464

FAIR VALUE OF FINANCIAL INSTR_5

FAIR VALUE OF FINANCIAL INSTRUMENTS (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2018	Sep. 30, 2017	Sep. 30, 2018	Sep. 30, 2017	Dec. 31, 2017
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Reserves for loans	$ (453)	$ 1,200	$ 2,294	$ 3,560
Carrying Amount
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Disability Opportunity Fund	500		500
Fair Value, Inputs, Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Carrying value of equity securities	$ 2,100		$ 2,100		$ 2,100

ACCUMULATED OTHER COMPREHENSI_3

ACCUMULATED OTHER COMPREHENSIVE LOSS (Schedule of Accumulated Other Comprehensive Income (Loss)) (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2018	Sep. 30, 2017	Sep. 30, 2018	Sep. 30, 2017
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Beginning balance			$ (206)
Tax effect	$ 52	$ (16)	192	$ (86)
Ending balance	(703)		(703)
AOCI loss, Net
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Beginning balance	(617)	(73)	(206)	(165)
Net change in other comprehensive income (loss) before reclassification, net of tax	(138)	42	(726)	204
Amounts reclassified from accumulated other comprehensive income, net of tax	0	0	37	0
Tax effect	52	(16)	192	(86)
Net current period other comprehensive loss	(86)	26	(497)	118
Ending balance	$ (703)	$ (47)	$ (703)	$ (47)

FINANCIAL INSTRUMENTS WITH OF_3

FINANCIAL INSTRUMENTS WITH OFF-BALANCE-SHEET RISK (Outstanding following off-balance-sheet financial instruments) (Details) - USD ($) $ in Thousands	9 Months Ended	12 Months Ended
	Sep. 30, 2018	Dec. 31, 2017
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Fixed Rate	$ 33,882	$ 63,392
Variable Rate	133,041	76,008
Undrawn lines of credit
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Fixed Rate	9,007	39,651
Variable Rate	133,041	76,008
Letters of credit
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Fixed Rate	24,875	23,741
Variable Rate	$ 0	$ 0

FINANCIAL INSTRUMENTS WITH OF_4

FINANCIAL INSTRUMENTS WITH OFF-BALANCE-SHEET RISK (Details) - USD ($)	9 Months Ended	12 Months Ended
	Sep. 30, 2018	Dec. 31, 2017
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Commitments term	2 years
Amount of off-balance-sheet financial instruments	$ 33,882,000	$ 63,392,000
Maturity of stand by letters of credit and time deposits	P1Y
Minimum
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Fixed interest rate off-balance-sheet financial instruments	3.00%	3.50%
Variable interest rate off-balance-sheet financial instrument	4.50%	4.50%
Maximum
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Fixed interest rate off-balance-sheet financial instruments	5.60%	9.30%
Variable interest rate off-balance-sheet financial instrument	10.30%	8.50%
Letters of credit
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Amount of off-balance-sheet financial instruments	$ 24,875,000	$ 23,741,000
Amount of off-balance-sheet financial instruments pledged	$ 200,000	$ 1,700,000

SUBORDINATED DEBT (Details)

SUBORDINATED DEBT (Details) - Subordinated Debt $ in Millions	Mar. 08, 2017USD ($)
Debt Instrument [Line Items]
Debt instrument face amount	$ 25
Interest rate during period	6.25%
Debt instrument issuance price percentage	100.00%
Redemption price for subordinate notes	100.00%
London Interbank Offered Rate (LIBOR)
Debt Instrument [Line Items]
Basis spread on LIBOR variable rate	4.26%
Description of variable rate basis	three month LIBOR