Metropolitan Bank Holding (MCB) 10-K 13 Mar 19 2018 FY Annual report Financial data

Document and Entity Information

Document and Entity Information - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2018	Mar. 11, 2019	Jun. 30, 2018
Document And Entity Information (Abstract)
Entity Registrant Name	Metropolitan Bank Holding Corp.
Entity Central Index Key	0001476034
Trading Symbol	mcb
Entity Current Reporting Status	Yes
Entity Voluntary Filers	No
Current Fiscal Year End Date	--12-31
Entity Filer Category	Accelerated Filer
Entity Well-known Seasoned Issuer	No
Entity Common Stock, Shares Outstanding		8,263,293
Entity Public Float			$ 340.2
Entity Small Business	true
Entity Emerging Growth Company	true
Entity Ex Transition Period	false
Entity Shell Company	false
Document Type	10-K
Amendment Flag	false
Document Period End Date	Dec. 31, 2018
Document Fiscal Year Focus	2018
Document Fiscal Period Focus	FY

CONSOLIDATED STATEMENTS OF FINA

CONSOLIDATED STATEMENTS OF FINANCIAL CONDITION - USD ($) $ in Thousands	Dec. 31, 2018	Dec. 31, 2017
Assets
Cash and due from banks	$ 9,246	$ 6,790
Overnight deposits	223,704	254,441
Total cash and cash equivalents	232,950	261,231
Investment securities available for sale, at fair value	32,549	32,157
Investment securities held to maturity (estimated fair value of $4,403 and $5,330 at December 31, 2018 and December 31, 2017 respectively)	4,571	5,428
Total securities	37,120	37,585
Other investments	22,287	13,677
Loans, net of deferred fees and unamortized costs	1,865,216	1,419,896
Allowance for loan losses	(18,942)	(14,887)
Net loans	1,846,274	1,405,009
Receivable from prepaid card programs, net	8,218	9,579
Accrued interest receivable	5,507	4,421
Premises and equipment, net	6,877	6,268
Prepaid expenses and other assets	8,158	5,751
Goodwill	9,733	9,733
Accounts receivable, net	5,520	6,601
Total assets	2,182,644	1,759,855
Deposits:
Noninterest-bearing demand deposits	798,563	812,616
Interest-bearing deposits	861,991	591,739
Total deposits	1,660,554	1,404,355
Federal Home Loan Bank of New York advances	185,000	42,198
Trust preferred securities	20,620	20,620
Subordinated debt, net of issuance cost	24,545	24,489
Accounts payable, accrued expenses and other liabilities	18,439	21,678
Accrued interest payable	1,282	749
Prepaid debit cardholder balances	7,687	8,882
Total liabilities	1,918,127	1,522,971
Stockholders' equity:
Preferred stock	3	3
Common stock, $0.01 par value, 25,000,000 shares authorized, 8,217,274 and 8,196,310 shares issued and outstanding at December 31, 2018 and December 31, 2017 respectively	82	81
Additional paid in capital	213,490	211,145
Retained earnings	51,415	25,861
Accumulated other comprehensive loss, net of tax effect	(473)	(206)
Total stockholders' equity	264,517	236,884
Total liabilities and stockholders' equity	2,182,644	1,759,855
Class B Preferred Stock
Stockholders' equity:
Total stockholders' equity	$ 3	$ 3

CONSOLIDATED STATEMENTS OF FI_2

CONSOLIDATED STATEMENTS OF FINANCIAL CONDITION (Parenthetical) - USD ($) $ in Thousands	Dec. 31, 2018	Dec. 31, 2017
Securities held to maturity	$ 4,403	$ 5,330
Common stock, par value	$ 0.01	$ 0.01
Common stock, shares authorized	25,000,000	25,000,000
Common stock, shares issued	8,217,274	8,196,310
Common stock, shares outstanding	8,217,274	8,196,310
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

CONSOLIDATED STATEMENTS OF OPER

CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017
Interest and dividend income:
Loans, including fees	$ 77,342	$ 57,186
Securities:
Taxable	743	813
Tax-exempt	29	30
Money market funds and commercial paper	339	315
Overnight deposits	4,838	2,074
Other interest and dividends	654	446
Total interest income	83,945	60,864
Interest expense:
Deposits	9,103	5,873
Borrowed funds	1,149	840
Trust preferred securities interest expense	846	636
Subordinated debt interest expense	1,619	1,322
Total interest expense	12,717	8,671
Net interest income	71,228	52,193
Provision for loan losses	3,138	7,059
Net interest income after provision for loan losses	68,090	45,134
Non-interest income:
Losses on call of securities	(37)
Total non-interest income	12,156	11,189
Non-interest expense:
Compensation and benefits	25,658	19,166
Bank premises and equipment	5,063	4,385
Professional fees	2,922	2,544
Data processing fees	3,987	1,592
Other expenses	5,841	5,058
Total non-interest expense	43,471	32,745
Net income before income tax expense	36,775	23,578
Income tax expense	11,221	11,209
Net income	$ 25,554	$ 12,369
Earnings per common share:
Basic earnings per common share (in dollars per share)	$ 3.12	$ 2.40
Diluted earnings per common share (in dollars per share)	$ 3.06	$ 2.34
Service charges on deposit accounts
Non-interest income:
Service charges on deposit accounts	$ 4,248	$ 3,452
Prepaid debit card income
Non-interest income:
Prepaid third-party debit card income	4,640	3,369
Other service charges and fees
Non-interest income:
Other service charges and fees	$ 3,305	$ 4,368

CONSOLIDATED STATEMENTS OF COMP

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME [Abstract]
Net Income	$ 25,554	$ 12,369
Other comprehensive loss
Unrealized holding loss arising during the period	(390)	(54)
Reclassification adjustment for loss included in net income	37
Total unrealized loss on securities available for sale	(353)	(54)
Tax effect	86	(13)
Total unrealized gains/loss on securities available for sale, net of tax	(267)	(41)
Comprehensive income	$ 25,287	$ 12,328

CONSOLIDATED STATEMENTS OF CHAN

CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS' EQUITY - 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 (in shares) at Dec. 31, 2016	272,636	4,604,563
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Restricted stock grants, net of forfeiture (in shares)		28,383
Employee stock-based compensation			412			412
Common stock issued in initial public offering, net of stock issuance costs		$ 36	114,737			114,773
Common stock issued in initial public offering, net of stock issuance costs (in shares)		3,565,000
Exercise of stock options, net of redemption of common stock for exercise of stock options and tax withholdings for restricted stock vesting			135			135
Exercise of stock options, net of redemption of common stock for exercise of stock options and tax withholdings for restricted stock vesting (in shares)		4,503
Repurchase of shares for exercise of stock options and tax withholding for restricted stock vesting			(255)			(255)
Repurchase of shares for exercise of stock options and tax withholding for restricted stock vesting (in shares)		(6,139)
Net income				12,369		12,369
Other comprehensive loss					(41)	(41)
Balance at Dec. 31, 2017	$ 3	$ 81	211,145	25,861	(206)	236,884
Balance (in shares) at Dec. 31, 2017	272,636	8,196,310
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Restricted stock grants, net of forfeiture			440			440
Restricted stock grants, net of forfeiture (in shares)		8,987
Employee stock-based compensation			1,711			1,711
Exercise of stock options, net of redemption of common stock for exercise of stock options and tax withholdings for restricted stock vesting		$ 1	359			360
Exercise of stock options, net of redemption of common stock for exercise of stock options and tax withholdings for restricted stock vesting (in shares)		11,977
Repurchase of shares for exercise of stock options and tax withholding for restricted stock vesting			(132)			(132)
Issuance of common stock			(33)			(33)
Net income				25,554		25,554
Other comprehensive loss					(267)	(267)
Balance at Dec. 31, 2018	$ 3	$ 82	$ 213,490	$ 51,415	$ (473)	$ 264,517
Balance (in shares) at Dec. 31, 2018	272,636	8,217,274

CONSOLIDATED STATEMENTS OF CH_2

CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS' EQUITY (Parentheticals) $ in Thousands	12 Months Ended
	Dec. 31, 2017USD ($)
CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS' EQUITY [Abstract]
Stock issuance cost	$ 10,002

CONSOLIDATED STATEMENT OF CASH

CONSOLIDATED STATEMENT OF CASH FLOWS - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017
Cash flows from operating activities:
Net income	$ 25,554	$ 12,369
Adjustments to reconcile net income to net cash:
Depreciation and amortization	1,355	978
Net amortization of premiums on securities	306	321
Amortization of subordinated debt issuance costs	56	46
Provision for loan and lease losses	3,138	7,059
Stock-based compensation expense	1,711	412
Net change in deferred loan fees	1,063	(90)
Non-employee stock-based expense	440
Deferred income tax benefit	(1,531)	790
Loss on call of securities	37
Gain on sale of loan	(50)
Net change in:
Accrued interest receivable	(1,086)	(1,686)
Accounts payable, accrued expenses and other liabilities	(3,239)	10,777
Change in third-party debit cardholder balances	(1,195)	2,018
Change in accrued interest payable	533	522
Accounts receivable, net	1,081	(1,181)
Receivable from prepaid card programs, net	1,361	(2,013)
Prepaid expenses and other assets	(2,474)	1,151
Net cash provided by operating activities	27,060	31,473
Cash Flows From Investing Activities:
Loan originations and payments, net	(279,794)	(330,362)
Loans purchased	(190,788)	(46,756)
Proceeds from the sale of loans held for sale	26,732	7,871
Redemptions of other investments	4,255	7,203
Purchases of other investments	(12,865)	(8,292)
Purchase of securities available for sale	(7,687)	(1,470)
Proceeds from calls of securities available for sale	1,463
Proceeds from paydowns and maturities of securities available for sale	5,252	6,359
Proceeds from paydowns of securities held to maturity	826	1,034
Purchase of premises and equipment, net	(1,964)	(2,211)
Net cash used in Investing activities	(454,570)	(366,624)
Cash flows from financing activities:
Proceeds from issuance of common stock, net		114,773
Proceeds from exercise of stock options, net of redemptions	360	135
Redemption of common stock for tax withholdings for restricted stock vesting	(132)	(255)
Proceeds from issuance of subordinated debt, net of issuance cost		24,443
Proceeds from FHLB advances	293,240	326,864
Repayments of FHLB advances	(150,438)	(363,084)
Net increase in deposits	256,199	410,575
Net cash provided by financing activities	399,229	513,451
Increase (decrease) in cash and cash equivalents	(28,281)	178,300
Cash and cash equivalents at the beginning of the period	261,231	82,931
Cash and cash equivalents at the end of the period	232,950	261,231
Cash paid for:
Interest	12,184	8,149
Income Taxes	13,794	8,787
Non-cash item:
Transfer of loans held for investment to held for sale	$ 26,682	$ 7,871

ORGANIZATION

ORGANIZATION	12 Months Ended
	Dec. 31, 2018
Organization, Consolidation and Presentation of Financial Statements [Abstract]
ORGANIZATION	NOTE 1 —  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 commercial banking 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 cash flow from operations of businesses. 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”) under the maximum amounts allowed by law. The Bank commenced operations on June 22, 1999. The Company is subject to 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	12 Months Ended
	Dec. 31, 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 (“GAAP”) and predominant practices within the U.S. banking industry. The consolidated financial statements include the accounts of the Company and the Bank. All intercompany balances and transactions have been eliminated. The Consolidated Financial Statements (the “financial statements”), which include the accounts of the Company and the Bank, have been prepared in accordance with GAAP. The financial statements reflect all normal recurring adjustments that are, in the opinion of management, necessary for a fair presentation of the results for the years presented. In preparing the 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. Certain prior-year amounts have been reclassified to conform to current year’s presentation. A summary of the Company’s significant accounting policies consistently applied in the preparation of the accompanying financial statements follows: Use of Estimates : To prepare financial statements in conformity with U.S. generally accepted accounting principles, management makes estimates and assumptions based on available information. These estimates and assumptions affect the amounts reported in the financial statements and the disclosures provided, and actual results could differ. Cash Flows : Cash and cash equivalents are defined as cash on hand and amounts due from banks and money market funds. Net cash flows are reported for customer loan and deposit transactions, and other investments. Securities : Debt securities are classified as held to maturity and carried at amortized cost when management has positive intent and ability to hold them to maturity. Debt securities are classified as available for sale when they might be sold before maturity. Securities available for sale are carried at fair value, with unrealized holding gains and losses reported in other comprehensive income, net of tax. Interest income includes amortization of purchase premium or discount. Premiums and discounts on securities are amortized on the level yield method without anticipating prepayments, except for mortgage-backed securities where prepayments are anticipated. Gains and losses on sales are recorded on the trade date and determined using the specific identification method. Gains and losses on sales of securities are recognized in the consolidated statements of operations upon sale. Management evaluates securities for other-than-temporary impairment (“OTTI”) on at least a quarterly basis, and more frequently when economic or market conditions warrant such an evaluation. For securities in an unrealized loss position, management considers the extent and duration of the unrealized loss, and the financial condition and near-term prospects of the issuer. Management also assesses whether it intends to sell, or it is more likely than not that it will be required to sell, a security in an unrealized loss position before recovery of its amortized cost basis. If either of the criteria regarding intent or requirement to sell is met, the entire difference between amortized cost and fair value is recognized as impairment through earnings. For debt securities that do not meet the aforementioned criteria, the amount of impairment is split into two components as follows: 1) OTTI related to credit loss, which must be recognized in the income statement and 2) OTTI related to other factors, which is recognized in other comprehensive income. The credit loss is defined as the difference between the present value of the cash flows expected to be collected and the amortized cost basis. Accounts Receivable & Receivable from Prepaid Card Programs, Net : Accounts receivables, net, primarily consist of the Bank’s in-transit items, trade receivables from prepaid debit card programs and other receivables. Receivables from prepaid card programs are predominantly government scheduled payments including financial assistance programs and pensions. Revenue Recognition : Revenue is recognized when the related services have been provided and amounts have been earned. Prepaid third-party debit card income consists of monthly maintenance fees, ATM fees, point-of-sale transaction fees, and other revenues. The Company recognizes revenue related to maintenance fees from prepaid third-party debit cardholders on a monthly basis, ATM fees from cardholders when customers withdraw money at certain ATMs, and point-of-sale transaction fees when customers use the cards for purchases, in accordance with the terms and conditions in the cardholder agreements. Transfers of Financial Assets : Transfers of financial assets are accounted for as sales, when control over the assets has been relinquished. Control over transferred assets is deemed to be surrendered when the assets have been isolated from the Company, the transferee obtains the right (free of conditions that constrain it from taking advantage of that right) to pledge or exchange the transferred assets, and the Company does not maintain effective control over the transferred assets through an agreement to repurchase them before their maturity. Loans and Allowance for Loan Losses : Loans receivable that management has the intent and ability to hold for the foreseeable future or until maturity or payoff are reported at their outstanding principal balances, adjusted for any charge-offs, the allowance for loan losses, and any deferred fees or costs on originated loans. Loan origination fees, net of certain direct origination costs, are deferred and recognized in interest income using the level-yield method without anticipating prepayments. The allowance for loan losses is maintained at an amount management deems adequate to cover probable incurred credit losses. In determining the level to be maintained, management evaluates many factors, including current economic trends, industry experience, historical loss experience, industry loan concentrations, the borrower’s ability to repay and repayment performance and estimated collateral values. Loan losses are charged against the allowance when management believes the uncollectibility of a loan balance is confirmed. Subsequent recoveries, if any, are credited to the allowance. Allocations of the allowance may be made for specific loans, but the entire allowance is available for any loan that, in management’s judgment, should be charged off. The allowance consists of specific and general components. The specific component relates to loans that are individually classified as impaired. A loan is considered to be impaired when it is probable that the Bank will be unable to collect all principal and interest amounts according to the contractual terms of the loan agreement. If a loan is impaired, a portion of the allowance is allocated so that the loan is reported, net, at the present value of estimated future cash flows using the loan’s existing rate or at the fair value of collateral if repayment is expected solely from the collateral. All commercial and commercial real estate loans are individually evaluated for credit risk at least annually, and all classified loans are individually evaluated for impairment quarterly. Large groups of smaller balance homogenous loans such as residential real estate loans are collectively evaluated for impairment, and accordingly, are not separately evaluated for impairment disclosures unless the individual loan is classified. Factors considered by management in determining impairment include payment status, collateral value, and the probability of collecting scheduled principal and interest payments when due. Loans that experience insignificant payment delays and payment shortfalls generally are not classified as impaired. Management determines the significance of payment delays and payment shortfalls on a case-by-case basis, taking into consideration all of the circumstances surrounding the loan and the borrower, including the length of the delay, the reasons for the delay, the borrower’s prior payment record, and the amount of the shortfall in relation to the principal and interest owed. Troubled debt restructurings are separately identified for impairment disclosures and are measured at the present value of estimated future cash flows using the loan’s effective rate at inception. If a troubled debt restructuring is considered to be a collateral dependent loan, the loan is reported, net, at the fair value of the collateral. For troubled debt restructurings that subsequently default, the Bank determines the amount of reserve in accordance with the accounting policy for the allowance for loan losses. The general component of the allowance covers non-impaired loans and is based on historical loss experience adjusted for current factors. The historical loss experience is determined by portfolio segment and is based on the actual loss history experienced by the Bank over a rolling two-year period. This actual loss experience is supplemented with other economic factors based on the risks present for each portfolio segment. These economic factors include consideration of the following: levels of and trends in delinquencies and impaired loans; levels of and trends in charge-offs and recoveries; trends in volume and terms of loans; effects on any changes in risk selection and underwriting standards; other changes in lending policies, procedures, and practices; experience, ability, and depth of lending management and other relevant staff; national and local economic trends and conditions; industry conditions; and effects of changes in credit concentrations. The following portfolio segments have been identified: Construction Loans, Commercial Real Estate Loans, Multi-Family Real Estate Loans, One-to-four Family Real Estate Loans, Commercial & Industrial Loans and Consumer Loans. The risk characteristics of each of the identified portfolio segments are as follows: Construction —  Construction financing is generally considered to involve a higher degree of risk of loss than long-term financing on improved, occupied real estate. Risk of loss on a construction loan depends largely upon the accuracy of the initial estimate of the property’s value at completion of construction and the estimated cost of construction. During the construction phase, a number of factors could result in delays and cost overruns. If the estimate of construction costs proves to be inaccurate, additional funds may be required to be advanced in excess of the amount originally committed to permit completion of the building. If the estimate of value proves to be inaccurate, the value of the building may be insufficient to assure full repayment if liquidation is required. If foreclosure is required on a building before or at completion due to a default, there can be no assurance that all of the unpaid balance of, and accrued interest on, the loan as well as related foreclosure and holding costs will be recovered. Commercial Real Estate —  Commercial real estate loans are secured by nonresidential real estate and generally have larger balances and involve a greater degree of risk than residential real estate loans. Repayment of commercial real estate loans depends on the total cash flow analysis of the borrower and the net operating income of the property, the borrower’s expertise, credit history and profitability, and the value of the underlying property. Of primary concern in commercial real estate lending is the borrower’s creditworthiness and the cash flow from the property. Payments on loans secured by income properties often depend on successful operation and management of the properties. As a result, repayment of such loans may be subject, to a greater extent than residential real estate loans, to adverse conditions in the real estate market or the economy. Commercial real estate is also subject to adverse market conditions that cause a decrease in market value or lease rates, obsolescence in location or function and market conditions associated with oversupply of units in a specific region. Multi-family Real Estate —  multi-family real estate loans are secured by multi-family real estate and generally have larger balances and involve a greater degree of risk than residential real estate loans. Repayment of multi-family real estate loans depends on the cash flow analysis of the property, occupancy rates, and unemployment rates, combined with the net operating income of the property, the borrower’s expertise, credit history and profitability, and the value of the underlying property. Payments on these loans depend on successful operation and management of the properties, and repayment of such loans may be subject to adverse conditions in the real estate market or the economy. One-to-Four Family Real Estate —  One-to-four family loans are generally made on the basis of the borrower’s ability to make repayment from his or her employment income or other income, and which are secured by real property whose value tends to be more easily ascertainable. Repayment of one-to-four family loans is subject to adverse employment conditions in the local economy leading to increased default rates and decreased market values from oversupply in a geographic area. In general, these loans depend on the borrower’s continuing financial stability and, therefore, are likely to be adversely affected by various factors, including job loss, divorce, illness, or personal bankruptcy. Furthermore, the application of various federal and state laws, including federal and state bankruptcy and insolvency laws, may limit the amount that can be recovered on such loans. Commercial & Industrial —  Commercial & Industrial loans are generally of higher risk and typically are made on the basis of the borrower’s ability to make repayment from the cash flow of the borrower’s business. As a result, the availability of funds for the repayment of commercial loans may depend substantially on the success of the business itself. Furthermore, any collateral securing such loans may depreciate over time, may be difficult to appraise, and may fluctuate in value. Consumer —  The Bank purchases loans made to licensed medical professionals for consumer purposes on an unsecured basis. Consumer loans are comprised of these loans and student loans. As a result, repayment of such loans are subject, to a greater extent than loans secured by collateral, to the financial condition of the borrower. While management uses available information to recognize losses on loans, future additions to the allowance may be necessary, based on changes in economic conditions or any other factors used in management’s determination. In addition, various regulatory agencies, as an integral part of their examination process, periodically review the Bank’s allowance for loan losses. Such agencies may require the Bank to recognize additions to the allowance based on their judgments about information available to them at the time of their examination. Interest income on loans is accrued and credited to operations based upon the principal amounts outstanding. Loans are placed on non-accrual when a loan is specifically determined to be impaired or when principal or interest is delinquent for 90 days or more. Delinquent status is based on the contractual terms of the loan. Any unpaid interest previously accrued on those loans is reversed from income. Interest payments received on such loans are applied as a reduction of the loan principal balance when the collectability of principal, wholly or partially, is in doubt. Interest payments received may be deferred on nonaccrual loans in which the principal balance is deemed to be collectible. Interest income is recognized when all the principal and interest amounts contractually due are brought current and the loans are returned to accrual status. Goodwill : Goodwill and certain other intangibles generally arise from business combinations accounted for under the purchase method of accounting. Goodwill and other intangibles deemed to have indefinite lives generated from business combinations are not subject to amortization and are instead tested for impairment not less than annually or more frequently if events and circumstances exist that indicate that a goodwill impairment test should be performed. The Company has selected December 31 as the date to perform the annual impairment test. The goodwill of $9.7 million is associated with a purchase of the prepaid third-party debit card business. The Company performed an impairment assessment, and determined that no impairment of goodwill exists as of December 31, 2018 and 2017. Stock-Based Compensation : Compensation cost is recognized for stock options and restricted stock awards issued to employees, based on the fair value of these awards at the date of grant. A Black-Scholes model is utilized to estimate the fair value of options. The market price of the Company’s common stock at the date of grant is used for restricted stock awards. Compensation cost is recognized over the required service period, generally defined as the vesting period. For awards with graded vesting, compensation cost is recognized on a straight-line basis over the requisite service period for the entire award. Concentrations of Credit Risk : Financial instruments, which potentially subject the Bank to concentration of credit risk, consist primarily of temporary cash investments including due from banks, interest-bearing deposits with banks and real estate loans receivable. A significant portion of real estate loans are collateralized by property in the New York Metropolitan area. The ultimate collectability of these loans may be susceptible to changes in the real estate market in this area. Premises and Equipment : Premises and equipment are stated at cost less accumulated depreciation and amortization. Depreciation is computed over the estimated useful lives of the assets by the straight-line method with useful lives ranging from three to ten years. Leasehold improvements are amortized over the shorter of the terms of the respective leases or the estimated lives of the improvements. Other Investments : Other investments includes FRB stock, FHLB (“FHLB”) stock and investments in the Solomon Hess SBA Loan Fund (“SBA Loan Fund” or “Fund”). 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. The investment was made by the Bank in 2018.The Bank is a member of the FRB and the FHLB systems. Members are required to own a certain amount of stock based on the level of borrowings and other factors. FRB and FHLB stock are carried at cost, classified as a restricted security, and periodically evaluated for impairment based on ultimate recovery of par value. Both cash and stock dividends are reported as income. The investment in the SBA Fund is recorded at cost and periodically evaluated for impairment. The Company held FRB and FHLB stock of  $7.3 million and $9.5 million, respectively, and a SBA Loan Fund investment of  $5.0 million as of December 31, 2018. As of December 31, 2017, the Company held FRB and FHLB stock of $3.9 million and $2.8 million, respectively, and an SBA loan Fund investment of $5.0 million. Comprehensive Income : Comprehensive income consists of net income and other comprehensive income (loss). Other comprehensive income (loss) includes unrealized gains and losses on securities available for sale which are also recognized as separate components of equity. Restrictions on Cash : Included in cash on hand or on deposit with the FRB was required to meet regulatory reserve and clearing requirements. Also included in cash was $9.4 million and $7.1 million of cash held in escrow and collateral accounts for third-party debit card program managers as of December 31, 2018 and 2017, respectively. Earnings per Common Share : Basic earnings per common share is computed by dividing net income available to common stockholders by the weighted average number of shares outstanding during the applicable period, excluding outstanding participating securities. Diluted earnings per common share is computed using the weighted average number shares determined for the basic computation plus the dilutive effect of potential common shares issuable under certain stock compensation plans. Unvested share-based payments awards that contain non-forfeitable rights to dividends or dividend equivalents (whether paid or unpaid) are participating securities and are included in the computation of earnings per share pursuant to the two-class method. The Company has determined that its outstanding non-vested stock awards are participating securities. Income Taxes : Income tax expense is the total of the current year income tax due or refundable and the change in deferred tax assets and liabilities. Deferred tax assets and liabilities are determined based on the difference between the financial statement and tax bases of assets and liabilities as measured by the enacted tax rates which will be in effect when these differences reverse. The primary temporary difference relates to allowance for loan losses. A valuation allowance is recorded, as necessary, to reduce deferred tax assets to an estimated amount expected to be realized. A tax position is recognized as a benefit only if it is “more likely than not” that the tax position would be sustained in a tax examination, with a tax examination being presumed to occur. The amount recognized is the largest amount of tax benefit that is greater than 50% likely of being realized on examination. For tax positions not meeting the “more likely than not” test, no tax benefit is recorded. The Company recognizes interest and/or penalties related to income tax matters in income tax expense. Loan Commitments and Related Financial Instruments : Financial instruments include off-balance sheet credit instruments, such as commitments to make loans and commercial letters of credit, issued to meet customer financing needs. The face amount for these items represents the exposure to loss, before considering customer collateral or ability to repay. Such financial instruments are recorded when they are funded. Fair Value of Financial Instruments : Fair values of financial instruments are estimated using relevant market information and other assumptions, as more fully disclosed in a separate note. Fair value estimates involve uncertainties and matters of significant judgment regarding interest rates, credit risk, prepayments, and other factors, especially in the absence of broad markets for particular items. Changes in assumptions or in market conditions could significantly affect the estimates. Loss Contingencies : Loss contingencies, including claims and legal actions arising in the ordinary course of business, are recorded as liabilities when the likelihood of loss is probable and an amount or range of loss can be reasonably estimated. Management does not believe there now are such matters that will have a material effect on the financial statements. Reclassifications : Some items in the prior year financial statements may have been reclassified to conform to the current presentation. Reclassification had no effect on prior year net income or stockholders’ equity. Operating segments : While department heads monitor the revenue streams of the various products and services, operations are managed and financial performance is evaluated on a Company-wide basis. Operating segments are aggregated into one as operating results for all segments are similar. Accordingly, all of the financial service operations are considered by management to be aggregated in one reportable operating segment. Recently Issued Accounting Standards : 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.

SUMMARY OF RECENT ACCOUNTING PR

SUMMARY OF RECENT ACCOUNTING PRONOUNCEMENTS	12 Months Ended
	Dec. 31, 2018
SUMMARY OF RECENT ACCOUNTING PRONOUNCEMENTS
SUMMARY OF RECENT ACCOUNTING PRONOUNCEMENTS	NOTE 3  —  SUMMARY OF RECENT ACCOUNTING PRONOUNCEMENTS 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 FASB deferred the effective date of the ASU by one year which means ASU 2014‑09 is effective for the Company beginning January 1, 2019. The Company adopted the new revenue guidance as January 1, 2019, using the five-step model prescribed by the ASU and described above. Management has evaluated the Company’s revenue streams and has determined that the impact the ASU on the Company’s operating results or financial condition is negligible. 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. The amendments in these ASUs are effective for public business entities for annual periods, and interim periods within those annual periods, beginning after December 15, 2017. Management has evaluated the impact of ASU 2016‑01 and 2018‑03 upon adoption as of January 1, 2019 and has concluded that there is not 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. Management is evaluating the potential impact 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 $83,000 income tax benefit recognized for the year ended December 31, 2018. 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. The Company is currently evaluating this guidance to determine the impact on its consolidated financial statements. Management expects to recognize a one-time cumulative effect 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 significant 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 significant impact on its consolidated financial statements. On February 14, 2018 the FASB issued final guidance in the form of Accounting Standards Update No. 2018‑02, which permits — but does not require — companies to reclassify stranded tax effects caused by 2017 tax reform from accumulated other comprehensive income to retained earnings. Additionally, the ASU requires new disclosures by all companies, whether they opt to do the reclassification or not. Management expects ASU 2018‑02 will not have a significant impact on its consolidated financial statements. The amendments in this update are effective for fiscal years beginning after December 15, 2018, and interim periods within fiscal years beginning after December 15, 2018; however, early adoption is permitted.

INVESTMENT SECURITIES

INVESTMENT SECURITIES	12 Months Ended
	Dec. 31, 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 December 31, 2018 and 2017 and the corresponding amounts of gross unrealized gains and losses recognized in accumulated other comprehensive income (loss) and gross unrecognized gains and losses (dollars in thousands): Gross Gross Unrealized/ Unrealized/ Amortized Unrecognized Unrecognized At December 31, 2018 Cost Gains Losses Fair Value Available-for-sale Residential mortgage-backed securities $ 21,880 $ 3 $ (486) $ 21,397 Residential collateralized mortgage obligations 2,213 — (97) 2,116 Commercial mortgage-backed securities issued by U.S. government sponsored entities 5,874 — (25) 5,849 Commercial collateralized mortgage obligations — — — — Municipal bond 1,074 3 — 1,077 CRA mutual fund 2,208 — (98) 2,110 Total securities available-for-sale $ 33,249 $ 6 $ (706) $ 32,549 Held-to-maturity Residential mortgage-backed securities $ 4,546 — (168) 4,378 Foreign government securities 25 — — 25 Total securities held-to-maturity $ 4,571 $ — $ (168) $ 4,403 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 mortgage-backed securities issued by U.S. government sponsored entities — — — — 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 year ended December 31, 2018 were $1.5 million and $37,000 respectively. There were no sales or calls of securities for the year ended December 31, 2017. The following table summarizes amortized cost and fair value of debt securities at year-end December 31, 2018 and 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. The table does not include the effect of principal repayments. Equity securities, primarily investment in mutual funds, have been excluded from the table. Securities not due at a single maturity date, primarily mortgage-backed securities, are shown separately (dollars in thousands): Held to Maturity Available for Sale At December 31, 2018 Amortized Cost Fair Value Amortized Cost Fair Value Within one year $ 25 $ 25 $ 257 $ 258 One to five years — — — — Five to ten years — — — — Due after ten years — — 817 819 Total $ 25 $ 25 $ 1,074 $ 1,077 Residential mortgage-backed securities $ 4,546 $ 4,378 $ 21,880 $ 21,397 Residential collateralized mortgage obligations — — 2,213 $ 2,116 Commercial mortgage-backed securities issued by U.S. government sponsored entities — — 5,874 $ 5,849 Commercial collateralized mortgage obligations — — — — Total Securities $ 4,571 $ 4,403 $ 31,041 $ 30,439 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 — — Five to ten years — — — — Due after ten years — — 1,098 1,109 Total $ 25 $ 25 $ 1,098 $ 1,109 Residential mortgage-backed securities $ 5,403 $ 5,305 $ 24,856 $ 24,684 Residential collateralized mortgage obligations — — 2,809 2,706 Commercial mortgage-backed securities — — — — Commercial mortgage-backed securities issued by government sponsored entities — — 1,581 1,550 Total Securities $ 5,428 $ 5,330 $ 30,344 $ 30,049 There were no securities pledged at December 31, 2018 and 2017 to secure borrowings. At December 31, 2018 and 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 losses for the years ended December 31, 2018 and 2017, aggregated by investment category and length of time that individual securities have been in a continuous unrealized 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 December 31, 2018 Fair Value Losses Fair Value Losses Fair Value Losses Residential mortgage-backed securities $ 10,374 $ (73) $ 7,774 $ (413) $ 18,148 (486) Residential collateralized mortgage obligations — — 2,116 (97) 2,116 (97) Commercial mortgage-backed securities issued by U.S. government sponsored entities — — 5,849 (25) 5,849 (25) Commercial collateralized mortgage obligations — — — — — — CRA mutual fund — — 2,110 (98) 2,110 (98) Total securities available-for-sale $ 10,374 $ (73) $ 17,849 $ (633) $ 28,223 $ (706) Residential mortgage-backed securities $ — $ — $ 4,378 $ (168) 4,378 (168) Total securities held-to-maturity $ — $ — $ 4,378 $ (168) $ 4,378 $ (168) 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 mortgage-backed securities — — — — — — Commercial mortgage-backed securities issued by government sponsored entities — — 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 Company does not consider these securities to be other-than-temporarily impaired at December 31, 2018 and December 31, 2017 because the decline in fair value is attributable to changes in interest rates and illiquidity, and not credit quality. In addition, the Company does not have the intent to sell these securities and does not believe it is more likely than not that the Company will be required to sell the securities before their anticipated recovery. The Company does not consider these securities to be other-than-temporarily impaired at December 31, 2018 and 2017. At year-end 2018 and 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

LOANS	12 Months Ended
	Dec. 31, 2018
Loans and Leases Receivable Disclosure [Abstract]
LOANS	NOTE 5  — LOANS Net loans consist of the following as of December 31, 2018 and 2017 (dollars in thousands): December 31, 2018 December 31, 2017 Real estate Commercial $ 949,778 $ 783,745 Construction 42,540 36,960 Multi-family 307,126 190,097 One-to-four family 79,423 25,568 Total real estate loans 1,378,867 1,036,370 Commercial and industrial 381,692 340,001 Consumer 106,790 44,595 Total loans 1,867,349 1,420,966 Deferred fees (2,133) (1,070) Loans, net of deferred fees and unamortized costs 1,865,216 1,419,896 Allowance for loan losses (18,942) (14,887) Balance at the end of the period $ 1,846,274 $ 1,405,009 The following tables represent the changes in the allowance for loan losses for the years ended December 31, 2018 and 2017, by portfolio segment. The portfolio segments represent the categories that the Bank uses to determine its allowance for loan losses (dollars in thousands): Commercial Commercial Multi One-to-four Year ended December 31, 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 for loan losses 1,978 (717) 106 891 90 790 3,138 Loans charged-off (77) (304) — — — (402) (783) Recoveries — 1,700 — — — — 1,700 Total ending allowance balance $ 9,037 $ 6,257 $ 625 $ 2,047 $ 228 $ 748 $ 18,942 Commercial Commercial Multi One-to-four Year ended December 31, 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 for loan losses 1,930 4,093 110 536 29 361 7,059 Loans charged-off — (3,879) — — — (108) (3,987) Recoveries — — — — — — — Total ending allowance balance $ 7,136 $ 5,578 $ 519 $ 1,156 $ 138 $ 360 $ 14,887 Total charge offs were $783,000 and $4.0 million during the years ended December 31, 2018 and 2017, respectively. Included in the charge offs for the year ended December 31, 2017 were write downs associated with taxi medallion loans of $3.7 million. During the year ended December 31, 2018, the Bank recovered $1.7 million of the previously charged-off taxi medallion loans. The following tables present the balance in the allowance for loan losses and the recorded investment in loans by portfolio segment based on impairment method as of December 31, 2018 and 2017 (dollars in thousands): Commercial Commercial Multi One-to-four At December 31, 2018 Real Estate & Industrial Construction Family Family Consumer Total Allowance for loan losses: Individually evaluated for impairment $ — $ — $ — $ — $ — $ 44 $ 44 Collectively evaluated for impairment 9,037 6,257 625 2,047 228 704 18,898 Total ending allowance balance $ 9,037 $ 6,257 $ 625 $ 2,047 $ 228 $ 748 $ 18,942 Loans: Individually evaluated for impairment $ 383 $ — $ — $ — $ 1,078 $ 89 $ 1,550 Collectively evaluated for impairment 949,395 381,692 42,540 307,126 78,345 106,701 1,865,799 Total ending loan balance $ 949,778 $ 381,692 $ 42,540 $ 307,126 $ 79,423 $ 106,790 $ 1,867,349 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 The following tables present information related to loans determined to be impaired by class of loans as of and for the years ended December 31, 2018 and 2017 (dollars in thousands): Unpaid Principal Allowance for Loan Average Recorded Interest Income At December 31, 2018 Balance Recorded Investment Losses Allocated Investment Recognized With an allowance recorded: One-to-four family $ — $ — $ — $ 111 $ — Consumer 105 89 44 157 7 Total $ 105 $ 89 $ 44 $ 268 $ 7 Without an allowance recorded: Commercial real estate 1,355 1,078 — 1,477 59 One-to-four family 1,740 1,461 — 2,948 146 Total $ 3,094 $ 2,539 $ — $ 4,424 $ 205 Unpaid Principal Allowance for Loan Average Recorded Interest Income At December 31, 2017 Balance Recorded Investment Losses Allocated Investment Recognized With an allowance recorded: Commercial and industrial $ — $ — $ — $ 2,928 $ — One-to-four family 686 556 9 563 21 Consumer 155 155 77 75 8 Total $ 841 $ 711 $ 86 $ 3,566 $ 29 Without an allowance recorded: Commercial and industrial $ 2,890 $ 2,368 $ — $ 5,367 $ 229 Commercial real estate — — — 938 43 One-to-four family 3,157 3,010 — 1,547 87 Total $ 6,047 $ 5,378 $ — $ 7,852 $ 359 The recorded investment in loans excludes accrued interest receivable and loan origination fees. Interest income was recognized on a cash basis for impaired loans. Interest income that would have been recorded for the year ended December 31, 2018, had nonperforming loans been current according to their original terms, amounted to $14,000. The Bank recognized $12,000 of interest income for these loans for the year ended December 31, 2018. Interest income that would have been recorded for the year ended December 31, 2017, had nonperforming loans been current according to their original terms, amounted to $88,000. The Bank recognized $101,000 of interest income for these loans for the year ended December 31, 2017. For a loan to be considered impaired, management determines after review whether it is probable that the Bank will not be able to collect all amounts 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. Impairment is determined based on the present value of expected future cash flows discounted at the loan’s effective interest rate. For loans that are collateral dependent, the fair value of the collateral is used to determine the fair value of the loan. The fair value of the collateral is determined based on recent appraised values. The fair value of the collateral or present value of expected cash flows is compared to the carrying value to determine if any write-down or specific loan loss allowance allocation is required. The following tables present the recorded investment in non-accrual loans, loans past due over 90 days and still accruing by class of loans as of December 31, 2018 and 2017 (dollars in thousands): At December 31, 2018 Nonaccrual Loans Past Due Over 90 Days Still Accruing Commercial real estate $ — $ — Commercial & industrial — 239 One-to-four family — — Consumer 50 — Total $ 50 $ 239 At December 31, 2017 Nonaccrual Loans Past Due Over 90 Days Still Accruing Commercial real estate $ 787 $ — Commercial & industrial — — One-to-four family 2,447 — Consumer 155 — Total $ 3,389 $ — All TDRs at December 31, 2018 and 2017 were performing in accordance with their structured terms. The following table presents the aging of the recorded investment in past due loans by class of loans as of December 31, 2018 and 2017 (dollars in thousands): Greater 30-59 60-89 than 90 Total past Current At December 31, 2018 Days Days days due loans Total Commercial real estate $ — $ — $ — $ — $ 949,778 $ 949,778 Commercial & industrial 1,670 95 239 2,004 379,688 381,692 Construction — — — — 42,540 42,540 Multifamily — — — — 307,126 307,126 One-to-four family 870 — — 870 78,553 79,423 Consumer 119 43 50 212 106,578 106,790 Total $ 2,659 $ 138 $ 289 $ 3,086 $ 1,864,263 $ 1,867,349 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 Multi-family — — — — 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 troubled debt restructurings and classified as impaired. Included in impaired loans at December 31, 2018 and 2017 were loans modified in TDRs with a recorded investment of $1.5 million and $2.7 million, respectively. The Company had allocated $19,000 and $9,000 of specific reserves to customers whose loan terms have been modified as TDRs as of December 31, 2018 and 2017, respectively. The Company has not committed to lend additional amounts as of December 31, 2018 and 2017, to customers with outstanding loans that are classified as TDRs. The following tables present the recorded investment in TDRs by class of loans as of December 31, 2018 and 2017 (dollars in thousands): At December 31, 2018 Troubled Debt Restructuring Commercial real estate $ 383 Commercial & industrial — One-to-four family 1,078 Consumer 39 Total $ 1,500 At December 31, 2017 Troubled Debt Restructuring Commercial real estate $ 1,580 Commercial & industrial — One-to-four family 1,119 Consumer — Total $ 2,699 There was one consumer loan in the amount of $39,000 that was modified as a TDR during the year ended December 31, 2018. The modification of the terms of the loan included one or a combination of the following: a reduction of the stated interest rate of the loan; an extension of the maturity date at a stated rate of interest lower than the current market rate for new debt with similar risk. Modifications involving a reduction of the stated interest rate and/or an extension of the maturity date were for a period of three to five years. During the year ended December 31, 2017, there were no loans modified as TDRs. In 2018 and 2017 there were no new loans modified as TDRs for which there was a payment default within twelve months following the modification. 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. Except for one-to-four family loans and consumer loans, the Bank analyzes 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, which was previously presented. 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 that are analyzed individually as part of the above described process 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 December 31, 2018 Pass Mention Substandard Total Commercial real estate $ 949,395 $ 383 $ — $ 949,778 Commercial & industrial 381,692 — — 381,692 Construction 41,044 1,496 — 42,540 Multifamily 307,126 — — 307,126 Total $ 1,679,257 $ 1,879 $ — $ 1,681,136 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 Total $ 1,336,242 $ 12,595 $ 1,966 $ 1,350,803

PREMISES AND EQUIPMENT

PREMISES AND EQUIPMENT	12 Months Ended
	Dec. 31, 2018
Property, Plant and Equipment [Abstract]
PREMISES AND EQUIPMENT	NOTE 6 — PREMISES AND EQUIPMENT Premises and equipment are summarized as follows as of December 31, 2018 and 2017 (dollars in thousands): Year Ended December 31, 2018 2017 Furniture and Equipment (useful life of 3 to 7 years) $ 8,773 $ 7,376 Leasehold Improvements (useful life of 3 to 10 years) 11,387 10,820 Total Premises and Equipment 20,160 18,196 Less accumulated depreciation and amortization (13,283) (11,928) Total Premises and Equipment, net $ 6,877 $ 6,268 Depreciation and amortization expense amounted to $1.36 million and $978,000 for the years ended December 31, 2018 and 2017 respectively.

DEPOSITS

DEPOSITS	12 Months Ended
	Dec. 31, 2018
Deposits [Abstract]
DEPOSITS	NOTE 7 — DEPOSITS Deposits consisted of the following as of December 31, 2018 and 2017 (dollars in thousands): At December 31, 2018 2017 Noninterest bearing demand accounts $ 798,563 $ 812,616 Money market 745,040 484,470 Savings accounts 19,950 27,024 Time Deposits: Time deposits under $100,000 7,045 73,437 Time deposits $100,000 and over 89,956 6,808 Total deposits $ 1,660,554 $ 1,404,355 Time deposits greater than $250,000 at December 31, 2018 and 2017 were $64.6 million and $38.8 million, respectively. The following are scheduled maturities of time deposits as of December 31, 2018 (dollars in thousands): 2019 $ 66,031 2020 22,955 2021 7,138 2022 435 2023 442 Total time deposits $ 97,001

BORROWINGS

BORROWINGS	12 Months Ended
	Dec. 31, 2018
Advances from Federal Home Loan Banks [Abstract]
BORROWINGS	NOTE 8 — BORROWINGS Borrowings from the FHLB at December 31, 2018 and 2017 were as follows (dollars in thousands): 2018 2017 Maturing in 2019, fixed rate at rates from 2.47% to 2.73%, weighted averaging 2.64% $ 185,000 $ — Matured in 2018, fixed rate at rates from 1.21% to 3.23%, weighted averaging 1.53% — 42,198 Total $ 185,000 $ 42,198 Each advance is payable at its maturity date, with a prepayment penalty for fixed rate advances. The advances are collateralized by mortgage loans under a blanket lien agreement in the amount of approximately $249.7 million and $263.4 million as of December 31, 2018 and 2017, respectively. Based on this collateral and the Company’s holdings of FHLB stock, the Company is eligible to borrow an additional total of approximately $64.7 million as of December 31, 2018. FHLB advances that mature over the next five years and thereafter as follows (dollars in thousands): Principal 2019 $ 185,000 2020 — 2021 — 2022 — 2023 — Total $ 185,000 Trust Preferred Securities Payable : On December 7, 2005, the Company established MetBank Capital Trust I, a Delaware statutory trust (“Trust I”). The Company owns all of the common capital securities of Trust I in exchange for contributed capital of $310,000. Trust I issued $10 million of preferred capital securities to investors in a private transaction and invested the proceeds, combined with the proceeds from the sale of Trust I’s common capital securities, in the Company through the purchase of $10 million aggregate principal amount of Floating Rate Junior Subordinated Debentures (the “Debentures”) issued by the Company. The Debentures, the sole assets of Trust I, mature on December 9, 2035 and bear interest at a fixed rate of 6.82% for the first five years, then at a floating rate of 3-month LIBOR plus 1.85%. The Debentures are callable after five years. The interest rates were 4.66% and 3.21% as of December 31, 2018 and 2017, respectively. On July 14, 2006, the Company established MetBank Capital Trust II, a Delaware statutory trust (“Trust II”). The Company owns all of the common capital securities of Trust II in exchange for contributed capital of $310,000. Trust II issued $10 million of preferred capital securities to investors in a private transaction and invested the proceeds, combined with the proceeds from the sale of Trust II’s common capital securities, in the Company through the purchase of $10 million aggregate principal amount of Floating Rate Junior Subordinated Debentures (the “Debentures II”) issued by the Company. The Debentures II, the sole assets of Trust II, mature on October 7, 2036, and bear interest at a fixed rate of 7.61% for the first five years, then at a floating rate of three-month LIBOR plus 2.00%. The Debentures II are callable after five years. The interest rates were 4.81% and 3.36% as of December 31, 2018 and 2017, respectively. The Company is not considered the primary beneficiary of these trusts, therefore the trusts are not consolidated in the Company’s financial statements; the subordinated debentures are shown as a liability on the consolidated statements of financial condition. Interest on the subordinated debentures may be deferred by the Company at any time or from time to time for a period not exceeding 20 consecutive quarterly payments (5 years), provided there is no event of default. At the end of the deferral period, the Company must pay accrued interest, at which point it may elect a new deferral period provided that no deferral may extend beyond maturity. The investments in the common capital securities of Trust I and Trust II are included in other assets on the consolidated statements of financial condition. The subordinated debentures may be included in Tier 1 capital (with certain applicable limitations) under current regulatory guidelines and interpretations. Subordinated Debt : On March 8, 2017, the Company closed the issuance of its $25 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 interests are paid semi-annually 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.

INCOME TAXES

INCOME TAXES	12 Months Ended
	Dec. 31, 2018
Income Tax Disclosure [Abstract]
INCOME TAXES	NOTE 9 — INCOME TAXES Income tax expense consisted of the following for the years ended December 31, 2018 and 2017 (dollars in thousands): Year Ended December 31, (in thousands) 2018 2017 Current Federal $ 7,990 $ 7,920 State and local 4,762 2,499 Total current 12,752 10,419 Deferred Federal (896) 1,045 State and local (635) (255) Total deferred (1,531) 790 Total income tax expense $ 11,221 $ 11,209 Deferred tax assets and liabilities consist of the following (dollars in thousands): At December 31, 2018 2017 Deferred tax assets: Allowance for loan losses $ 5,893 $ 4,583 Interest on nonaccrual loans 28 28 Off balance sheet reserves 127 110 Restricted stock 167 153 Tangible asset 20 23 Non-qualified stock options 290 183 Net unrealized loss on securities available for sale 172 86 Total gross deferred tax assets 6,697 5,166 Deferred tax liabilities: Depreciation and amortization 392 574 Prepaid assets 255 159 Total gross deferred tax liabilities 647 733 Net deferred tax asset, included in other assets $ 6,050 $ 4,433 The following is a reconciliation of the Company’s statutory federal income tax rate of 21% and 35%, respectively, to its effective tax rate for the years ended December 31, 2018 and 2017 (dollars in thousands): For the year ended December 31, 2018 2017 Tax expense/ Tax expense/ (benefit) Rate (benefit) Rate Pretax income at statutory rates $ 7,723 21.00 % $ 8,252 35 % State and local taxes, net of federal income tax benefit 3,260 8.87 1,459 6.19 Nondeductible expenses 327 0.89 21 0.09 Stock options — — (113) (0.48) Excess tax deduction on equity awards (83) (0.23) — — Tax-exempt income, net (6) (0.02) (10) (0.04) Impact of U.S. tax reform (the Tax Act) — — 1,581 6.71 Other — — 19 0.08 Effective income tax expense/rate $ 11,221 30.51 % $ 11,209 47.55 % Metropolitan Bank Holding Corporation and the Bank file consolidated Federal, New York State and New York City tax returns in 2018 and 2017 . On December 22, 2017, the U.S. government enacted the Tax Act, which includes significant changes to the U.S. corporate income tax system including a federal corporate rate reduction from 35% to 21% and limitations on the deductibility of interest expense and executive compensation. The Tax Act resulted in a one-time U.S. tax expense of $1.6 million. A majority of the provisions in the Tax Act are effective January 1, 2018. As of December 31, 2018 and 2017 there are no unrecognized tax benefits, and the Company does not expect this to significantly change in the next twelve months. The Company and its subsidiary are subject to U.S. federal income tax as well as income tax of the State and City of New York. The Company is no longer subject to examination by the U.S. federal and state or local tax authorities for years prior to 2015.

RELATED PARTY TRANSACTIONS

RELATED PARTY TRANSACTIONS	12 Months Ended
	Dec. 31, 2018
Related Party Transactions [Abstract]
RELATED PARTY TRANSACTIONS	NOTE 10 — RELATED PARTY TRANSACTIONS During 2018, a member of the Board of Directors was the managing director of a law firm which acts (1) in connection with certain regulatory and corporate compliance matters and in the preparation of and negotiation of certain contractual vendor arrangements, and (2) as the Bank’s counsel in certain lending transactions. During the years ended December 31, 2018 and 2017 , the Bank incurred legal fees of $61,000 and $101,000, respectively, in connection with these services. This Board member retired from the law firm in 2018. Deposits from principal officers, directors, and their affiliates at year-end 2018 and 2017 were $1.9 million and $3.2 million, respectively. A promissory note of $780,000 was made to an executive officer of the Bank during 2016. The note has a fixed interest rate of 2.125% per annum (determined by reference to the 5-year LIBOR rate in effect on the note date, plus 100 basis points) and interest is payable on the last day of each calendar quarter. The note has a balloon payment term and the due date is August 15, 2021, with no prepayment penalty. The outstanding balance of the subject loan was $780,000 as of December 31, 2018 and 2017.

COMMITMENTS AND CONTINGENCIES

COMMITMENTS AND CONTINGENCIES	12 Months Ended
	Dec. 31, 2018
Commitments and Contingencies Disclosure [Abstract]
COMMITMENTS AND CONTINGENCIES	NOTE 11 — COMMITMENTS AND CONTINGENCIES The Company leases certain branch properties under operating leases. Approximate future minimum rental payments required under all non-cancellable operating leases, before considering renewal options that generally are present, were as follows (dollars in thousands): Year Ending December 31, 2019 $ 2,699 2020 2,682 2021 2,146 2022 2,076 2023 1,564 Thereafter (and through 2035) 4,981 $ 16,148 Total rent expense for the years ended December 31, 2018 and 2017 was $2.7 million and $2.4 million, respectively.

FAIR VALUE OF FINANCIAL INSTRUM

FAIR VALUE OF FINANCIAL INSTRUMENTS	12 Months Ended
	Dec. 31, 2018
Fair Value Disclosures [Abstract]
FAIR VALUE OF FINANCIAL INSTRUMENTS	NOTE 12 — FAIR VALUE OF FINANCIAL INSTRUMENTS Fair Value is the exchange price that would be received for an asset or paid to transfer a liability (exit price) in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants on the measurement date. There are three levels of inputs that may be used to measure fair 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. The Company used the following methods and significant assumptions to estimate fair value: Investment Securities : The fair values for investment securities are determined by quoted market prices, if available (Level 1). For securities where quoted prices are not available, fair values are calculated based on market prices of similar securities (Level 2), using matrix pricing. Matrix pricing is a mathematical technique commonly used to price debt securities that are not actively traded, values debt securities without relying exclusively on quoted prices for the specific securities but rather by relying on the securities’ relationship to the other benchmark quoted securities (Level 2 inputs). For securities where quoted prices or market prices of similar securities are not available, fair values are calculated using discounted cash flows or other market indicators (Level 3 inputs). A third-party is engaged to obtain the discounted cash flows and the resulting fair value. Rating agency and industry research reports as well as defaults and deferrals on individual securities are reviewed and incorporated into the calculations. Impaired Loans : The fair value of impaired loans with specific allocations of the allowance for loan losses 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. Assets and liabilities 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 December 31, 2018 Residential mortgage-backed securities $ 21,397 $ — $ 21,397 $ — Residential collateralized mortgage obligation 2,116 — 2,116 — Commercial mortgage-backed securities issued by government sponsored entities 5,849 — 5,849 — Municipal bond 1,077 — 1,077 — CRA Mutual Fund 2,110 2,110 — — 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 or 2017. There are no loans that are measured at fair value on a non-recurring basis at December 31, 2018 and December 31, 2017. Carrying amount and estimated fair values of financial instruments at December 31, 2018 and 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 December 31, 2018 Amount Assets (Level 1) Inputs (Level 2) Inputs (Level 3) Value Assets: Cash and due from banks $ 9,246 $ 9,246 $ — $ — $ 9,246 Overnight deposits 223,704 223,704 — — 223,704 Securities available for sale 32,549 2,110 30,439 — 32,549 Securities held to maturity 4,571 — 4,403 — 4,403 Loans, net 1,846,274 — — 1,796,462 1,796,462 Other investments FRB Stock 7,250 N/A N/A N/A N/A FHLB Stock 9,537 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 5,507 — 127 5,380 5,507 Financial Liabilities: Deposits without stated maturities $ 1,563,553 $ 1,563,553 $ — $ — $ 1,563,553 Deposits with stated maturities 97,001 — 96,859 — 96,859 Federal Home Loan Bank of New York advances 185,000 — 184,999 — 184,999 Trust preferred securities payable 20,620 — — 19,821 19,821 Subordinated debt, net of issuance cost 24,545 — 25,125 — 25,125 Accrued interest payable 1,282 13 1,044 225 1,282 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 and Overnight Deposits: 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 FHLB and FRB stock, and investments in Solomon Hess SBA Loan Fund, due to restrictions placed on transferability. 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. 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, by definition, 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. FHLB Advances: 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 Payable: The estimated fair value is based on estimates using market data for debt securities with similar risk and takes into consideration the features of the debentures, which is an unobservable input resulting in a Level 3 classification. Subordinated Debt: 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 is immaterial as of December 31, 2018 and 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.

STOCKHOLDERS' EQUITY

STOCKHOLDERS' EQUITY	12 Months Ended
	Dec. 31, 2018
Stockholders' Equity Note [Abstract]
STOCKHOLDERS' EQUITY	NOTE 13 — STOCKHOLDERS’ EQUITY The Series F, Class B preferred stock is nonvoting and with a par value of $0.01 per share. The stock is subordinate and junior to all indebtedness of the Company and to all other series of preferred stock of the Company. The holders of the stock are entitled to receive ratable dividends as provided herein only if and when dividends are concurrently declared and payable on the shares of common shares. During 2018 and 2017, restricted common stock vesting totaled 31,134 shares and 16,973 shares, respectively. The Company completed an IPO of its common stock on November 10, 2017 and sold 3,100,000 shares of common stock at $35.00 per share, as well as 465,000 additional shares of common stock at $35.00 per share pursuant to the underwriter’s overallotment option. The aggregate net proceeds to the Company from its IPO, including the overallotment shares, after deducting the underwriting discount and estimated offering expenses, were approximately $115 million.

STOCK COMPENSATION PLAN

STOCK COMPENSATION PLAN	12 Months Ended
	Dec. 31, 2018
STOCK COMPENSATION PLAN [Abstract]
STOCK COMPENSATION PLAN	NOTE 14 — STOCK COMPENSATION 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 423,000 shares. The authorized shares will be new issues upon exercise of any options granted. 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% shareholder, 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% shareholder, the exercise period shall not exceed five years from the date of grant. In the event of a change in control, the Committee may determine that any award then outstanding shall be assumed or an equivalent award shall be substituted by the successor corporation. 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. Historically, the Company has not paid a dividend on its common shares and does not expect to do so in the near future. No options were granted in 2018 and 2017. There was no compensation cost related to non-vested stock options granted under the Plan as of December 31, 2018 and 2017 as all stock options were vested. A summary of the status of the Company’s stock option plan and the change during the year is presented below: 2018 Weighted Average Number of Exercise Options Price Outstanding, beginning of year 271,500 $ 19.79 Granted — — Exercised (30,000) 30.00 Cancelled/forfeited (10,500) 30.00 Outstanding, end of year 231,000 $ 18.00 Options vested and exercisable at year-end 231,000 $ 18.00 Aggregate intrinsic value of options outstanding at December 31, 2018 $ 2,968,365 Weighted average remaining contractual life (years) 5.38 The following table summarizes information about stock options outstanding at December 31, 2018: Options Outstanding Range of Average Number Outstanding at Weighted Average Weighted Average Exercise Prices December 31, 2018 Remaining Contractual Life Exercise Price $10 – 20 231,000 5.38 $ 18.00 $21 – 30 — — $ — $10 – 30 231,000 5.38 $ 18.00 The following table summarizes information about stock options exercised during 2018 and 2017: Year Ended December 31, 2018 2017 Intrinsic value of exercises $ 227,910 $ 47,950 Cash received from exercises $ 360,000 $ 135,000 The Company issued restricted stock awards to certain key personnel under the 2009 Equity Incentive Plan. Each restricted stock award vests based on vesting scheduled outlined in the award agreement. Restricted stock awards are subject to forfeiture if the holder is not employed by the Company on the vesting date. In 2013, shareholders approved an additional 300,000 shares available under the plan. In 2016, additional shares of 760,000 were authorized. Total shares issuable under the plan are 735,142 and 823,629 at December 31, 2018 and 2017, respectively. There were 8,987 and 31,606 shares granted in 2018 and 2017, respectively. The fair value of the shares granted was calculated using the share price as of grant date. As of December 31, 2018, there was $565,000 of total unrecognized compensation expense related to the restricted stock awards. The cost is expected to be recognized over a weighted-average period of 2.4 years. Total employee compensation cost for restricted stock awards was $445,156 and $412,000 for 2018 and 2017, respectively. Total expense for restricted stock awards to non-employee directors amounted to $440,000 for 2018. There was no non-employee restricted stock expense in 2017. The following table summarizes the changes in the Company’s non-vested restricted stock awards for the years ended December 31, 2018 and 2017 Year Ended December 31, 2018 Year Ended December 31, 2017 Weighted Average Weighted Average Number of Shares Grant Date Fair Value Number of Shares Grant Date Fair Value Outstanding, beginning of period 76,104 $ 20.61 64,638 $ Granted 8,987 48.99 31,606 Forfeited — — (3,167) Vested (31,134) 27.33 (16,973) Outstanding at end of period 53,957 $ 21.46 76,104 $ The total fair value of shares vested is $1.3 million and $725,000 for the years ended December 31, 2018 and 2017, respectively. Performance Based Stock Awards During 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 guidance prescribed in ASC Topic 718, Compensation – Stock Compensation. During the year ended December 31, 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 year ended December 31, 2018 (dollars in thousands, except share information): For the year ended December 31, 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 $ 1,265,278 Total compensation cost that has been charged against income for this plan for the year ended December 31, 2018 was $1.3 million.

EMPLOYEE BENEFIT PLAN

EMPLOYEE BENEFIT PLAN	12 Months Ended
	Dec. 31, 2018
Retirement Benefits [Abstract]
EMPLOYEE BENEFIT PLAN	NOTE 15 — EMPLOYEE BENEFIT PLAN The Company has a 401(k) plan for eligible employees. The contribution for any participant may not exceed the maximum amount allowable by law. Each year, the Company may elect to match a percentage of participant contributions. The Company may also elect each year to make additional discretionary contributions to the plan. The total contributions were $405,000 and $334,000 the year ended December 31, 2018 and 2017, respectively.

FINANCIAL INSTRUMENTS WITH OFF-

FINANCIAL INSTRUMENTS WITH OFF-BALANCE-SHEET RISK	12 Months Ended
	Dec. 31, 2018
FINANCIAL INSTRUMENTS WITH OFF-BALANCE-SHEET RISK [Abstract]
FINANCIAL INSTRUMENTS WITH OFF-BALANCE-SHEET RISK	NOTE 16 — 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 Bank had outstanding the following off-balance-sheet financial instruments whose contract amounts represent credit risk as of December 31 (dollars in thousands): At December 31, 2018 At December 31, 2017 Variable Variable Fixed Rate Rate Fixed Rate Rate Undrawn lines of credit $ 7,737 $ 130,547 $ 39,651 $ 76,008 Letters of credit 34,351 — 23,741 — $ 42,088 $ 130,547 $ 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 2 years. At December 31, 2018, the Bank’s fixed rate loan commitments are to make loans with interest rates ranging from 3.0% to 5.6% and maturities of one year or more. At December 31, 2017 the Bank’s fixed rate loan commitments were to make loans with interest rates ranging from 3.5% to 9.5% and maturities 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 has letters of credit in the amount of $34.4 million and $23.7 million as of December 31, 2018 and 2017, respectively, for which the Bank has received collateral in the form of accounts of $23.0 million and $21.2 million as of December 31, 2018 and 2017, respectively.

REGULATORY CAPITAL

REGULATORY CAPITAL	12 Months Ended
	Dec. 31, 2018
Regulatory Capital Requirements [Abstract]
REGULATORY CAPITAL	NOTE 17 — REGULATORY CAPITAL The Holding Company and the Bank are subject to various regulatory capital requirements administered by federal banking agencies. The foregoing capital ratios are based in part on specific quantitative measures of assets, liabilities and certain off-balance sheet items as calculated under regulatory accounting practices. Capital amounts and classification are also subject to qualitative judgments by the regulators about capital components, risk weightings and other factors. Failure to meet capital requirements can initiate regulatory action. The final rules implementing Basel Committee on Banking Supervision’s capital guidelines for U.S. banks (Basel III rules) became effective for the Bank on January 1, 2015 with full compliance with all of the requirements being fully phased in by January 1, 2019. The capital conservation buffer was 1.88% at December 31, 2018 and 1.25% at December 31, 2017. The capital conservation buffer requirement is being phased in beginning January 1, 2016 at 0.625% of risk-weighted assets and increasing by 0.625% each subsequent January 1, until it reaches 2.5% on January 1, 2019. The net unrealized gain or loss on available for sale securities is not included in the computation of the regulatory capital. The Company and the Bank meet all capital adequacy requirements, to which they are subject, as of December 31, 2018 and 2017. Prompt corrective action regulations provide five classifications: well capitalized, adequately capitalized, undercapitalized, significantly undercapitalized, and critically undercapitalized, although these terms are not used to represent overall financial condition. If adequately capitalized, regulatory approval is required to accept brokered deposits. If undercapitalized, capital distributions are limited, as is asset growth and expansion, and capital restoration plans are required. At December 31, 2018 and 2017, the most recent regulatory notifications categorized the Bank as well capitalized under the regulatory framework for prompt corrective action. There are no conditions or events since that notification that management believes have changed the institution’s category. The Company’s principal source of funds for dividend payments is dividends received from the Bank. Banking regulations limit the amount of dividends that may be paid without prior approval of regulatory agencies. The following is a summary of actual capital amounts and ratios as of December 31, 2018 and 2017, for the Company and the Bank compared to the requirements for minimum capital adequacy and classification as well capitalized. Actual and required capital amounts and ratios are presented below at year end (dollars in thousands): To be Well Capitalized For Capital Adequacy under Prompt Corrective Actual Purposes Action Regulations Amount Ratio Amount Ratio Amount Ratio At December 31, 2018 Total capital (to risk-weighted assets) Metropolitan Bank Holding Corp. $ 319,053 16.9 % $ 151,053 ≥ 8.0 % N/A N/A Metropolitan Commercial Bank $ 314,226 16.7 % $ 150,900 ≥ 8.0 % $ 188,625 ≥ 10.0 % Tier 1 common equity (to risk-weighted assets) Metropolitan Bank Holding Corp. $ 249,655 13.2 % $ 84,968 ≥ 4.5 % N/A N/A Metropolitan Commercial Bank $ 294,880 15.6 % $ 84,881 ≥ 4.5 % $ 122,606 ≥ 6.5 % Tier 1 capital (to risk-weighted assets) Metropolitan Bank Holding Corp. $ 275,158 14.6 % $ 113,290 ≥ 6.0 % N/A N/A Metropolitan Commercial Bank $ 294,880 15.6 % $ 113,175 ≥ 6.0 % $ 150,900 ≥ 8.0 % Tier 1 capital (to average assets) Metropolitan Bank Holding Corp. $ 275,158 13.7 % $ 80,244 ≥ 4.0 % N/A N/A Metropolitan Commercial Bank $ 294,880 14.7 % $ 80,050 ≥ 4.0 % $ 100,063 ≥ 5.0 % At December 31, 2017 Total capital (to risk-weighted assets) Metropolitan Bank Holding Corp. $ 287,039 19.9 % $ 115,636 ≥ 8.0 % N/A N/A Metropolitan Commercial Bank $ 280,317 19.4 % $ 115,523 ≥ 8.0 % $ 144,403 ≥ 10.0 % Tier 1 common equity (to risk-weighted assets) Metropolitan Bank Holding Corp. $ 221,803 15.3 % $ 65,045 ≥ 4.5 % N/A N/A Metropolitan Commercial Bank $ 265,076 18.4 % $ 64,981 ≥ 4.5 % $ 93,862 ≥ 6.5 % Tier 1 capital (to risk-weighted assets) Metropolitan Bank Holding Corp. $ 247,305 17.1 % $ 86,726 ≥ 6.0 % N/A N/A Metropolitan Commercial Bank $ 265,076 18.4 % $ 86,642 ≥ 6.0 % $ 115,523 ≥ 8.0 % Tier 1 capital (to average assets) Metropolitan Bank Holding Corp. $ 247,305 13.7 % $ 72,206 ≥ 4.0 % N/A N/A Metropolitan Commercial Bank $ 265,076 14.7 % $ 72,099 ≥ 4.0 % $ 90,124 ≥ 5.0 % As a result of the recently enacted Economic Growth Act (the “Act”), banking regulatory agencies adopted a revised definition of “well capitalized” for financial institutions and holding companies with assets of less than $10 billion and that are not determined to be ineligible by their primary federal regulator due to their risk profile (a “Qualifying Community Bank”). The new definition expanded the ways that a Qualifying Community Bank may meet its capital requirements and be deemed “well capitalized.” The new rule establishes a “community bank leverage ratio” equal to the tangible equity capital divided by the average total consolidated assets. A Qualifying Community Bank that exceeds a to-be-determined threshold for this new leverage ratio, which regulators must set at between 8% and 10%, are considered to be well capitalized and to have met generally applicable leverage capital requirements, generally applicable risk-based capital requirements, and any other capital or leverage requirements to which such financial institution or holding company is subject. In addition, as a result of the Act, the FRB amended its small bank holding company and savings and loan holding company policy statement to provide that holding companies with consolidated assets of less than $3 billion that are (i) not engaged in significant nonbanking activities, (ii) do not conduct significant off-balance sheet activities, and (3) do not have a material amount of SEC-registered debt or equity securities, other than trust preferred securities, that contribute to an organization’s complexity, are no longer subject to regulatory capital requirements. The Bank plans to continue to measure capital adequacy using the ratios in the table above.

EARNINGS PER COMMON SHARE

EARNINGS PER COMMON SHARE	12 Months Ended
	Dec. 31, 2018
Earnings Per Share [Abstract]
EARNINGS PER COMMON SHARE	NOTE 18 — EARNINGS PER COMMON SHARE The two-class method is used in the calculation of basic and diluted earnings per share. Under the two-class method, earnings available to common shareholders for the period are allocated between common shareholders and participating securities according to dividends declared (or accumulated) and participation rights in undistributed earnings. The factors used in the earnings per share calculation are as follows (in thousands, except per share data). Year Ended December 31, 2018 2017 Basic Net income per consolidated statements of income $ 25,554 $ 12,369 Less: Dividends paid to preferred shareholders — — Less: Earnings allocated to participating securities (168) (183) Net income available to common stockholders $ 25,386 $ 12,186 Weighted average common shares outstanding including participating securities 8,200,705 5,147,149 Less: Weighted average participating securities (67,152) (76,104) Weighted average common shares outstanding 8,133,553 5,071,045 Basic earnings per common share $ 3.12 $ 2.40 Diluted Net income allocated to common stockholders $ 25,386 $ 12,186 Weighted average common shares outstanding for basic earnings per common share 8,133,553 5,071,045 Add: Dilutive effects of assumed exercise of stock options 137,089 131,189 Add: Dilutive effects of assumed vesting of performance based restricted stock 17,882 — Average shares and dilutive potential common shares 8,288,524 5,202,234 Dilutive earnings per common share $ 3.06 $ 2.34 There were no stock options that were not considered in computing diluted earnings per common share for 2018 and 2017.

PARENT COMPANY FINANCIAL INFORM

PARENT COMPANY FINANCIAL INFORMATION	12 Months Ended
	Dec. 31, 2018
Condensed Financial Information of Parent Company Only Disclosure [Abstract]
PARENT COMPANY FINANCIAL INFORMATION	NOTE 19 — PARENT COMPANY FINANCIAL INFORMATION Condensed financial information for the Corporation (parent company only) is as follows (dollars in thousands): Condensed Balance Sheets At December 31, 2018 2017 Assets Cash and due from banks $ 3,547 $ 6,761 Loans, net of allowance for loan losses 776 776 Investments 620 620 Investment in subsidiary bank, at equity 304,141 274,190 Other assets 1,380 596 Total assets $ 310,464 $ 282,943 Liabilities and Stockholders’ Equity Trust preferred securities payable 20,620 20,620 Subordinated debt payable, net of issuance costs 24,545 24,489 Other liabilities 782 950 Total liabilities 45,947 46,059 Stockholders’ equity: Preferred stock 3 3 Common stock 82 81 Surplus 213,490 211,145 Retained earnings 51,415 25,861 Accumulated other comprehensive loss, net of tax (473) (206) Total equity 264,517 236,884 Total liabilities and stockholders’ equity $ 310,464 $ 282,943 Condensed Statements of Income Year Ended December 31, 2018 2017 Income: Loans $ 17 $ 17 Total interest income 17 17 Interest expense: Trust preferred securities payable 846 636 Subordinated debt interest expense 1,619 1,322 Total interest expense 2,465 1,958 Net interest expense (2,448) (1,941) Provision for loan losses — — Net interest income after provision for loan losses (2,448) (1,941) Other expense 1,275 33 Loss before undistributed earnings of subsidiary bank (3,723) (1,974) Equity in undistributed earnings of subsidiary bank 28,094 13,560 Income before income tax expense 24,371 11,586 Income tax benefit 1,183 783 Net income $ 25,554 $ 12,369 Comprehensive income $ 25,287 $ 12,328 Condensed Statement of Cash Flows Year Ended December 31, 2018 2017 Cash Flows From Operating Activities: Net income $ 25,554 $ 12,369 Adjustments to reconcile net income to net cash provided by (used in) operating activities: Undistributed earnings of subsidiary bank (28,094) (13,560) Non-employee stock based compensation 440 — Amortization of trust preferred issuance costs 56 46 Stock based compensation expense 1,711 412 Decrease (increase) in other assets (2,910) (585) Increase (decrease) in other liabilities (167) 165 Net cash used in operating activities (3,410) (1,153) Cash Flows From Investing Activities: Investments in subsidiary bank — (132,000) Net cash used in Investing activities — (132,000) Cash Flows From Financing Activities: Proceeds from issuance of common stock, net (33) 114,773 Proceeds from exercise of stock options 229 (120) Net proceeds from issuance of subordinated debt, net of issuance cost — 24,443 Net cash provided by financing activities 196 139,096 Net (decrease) increase in cash and cash equivalents (3,214) 5,943 Cash and cash equivalents, beginning of year 6,761 818 Cash and cash equivalents, end of year $ 3,547 $ 6,761

ACCUMULATED OTHER COMPREHENSIVE

ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)	12 Months Ended
	Dec. 31, 2018
AOCI Attributable to Parent [Abstract]
ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)	NOTE 20 — ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) The following table summarizes the changes in Accumulated Other Comprehensive Income (Loss) balances, net of tax effects at the dates indicated (dollars in thousands): Year Ended December 31, 2018 2017 Beginning balance $ (206) $ (165) Net change in other comprehensive income (loss) before reclassification (293) (41) Amounts reclassified from accumulated other comprehensive income, net of taxes 26 — Net current period other comprehensive loss (267) (41) Ending balance $ (473) $ (206) The proceeds from calls of securities and associated losses during the year ended December 31, 2018 were $1.5 million. There were no sales or calls of securities for the year ended December 31, 2017. The following table shows the amounts reclassified out of each component pf accumulated other comprehensive loss for the years ended December 31, 2018 and 2017. Year Ended December 31, 2018 2017 Affected line item in the Consolidated Statements of Operations Realized loss on call of available for sale securities $ (37) $ — Losses on call of securities Income tax benefit 11 — Income tax expense Total reclassifications, net of income tax $ (26) $ —

UNAUDITED QUARTERLY FINANCIAL D

UNAUDITED QUARTERLY FINANCIAL DATA	12 Months Ended
	Dec. 31, 2018
Quarterly Financial Information Disclosure [Abstract]
UNAUDITED QUARTERLY FINANCIAL DATA	NOTE 21 — UNAUDITED QUARTERLY FINANCIAL DATA Selected Consolidated Quarterly Financial Data (dollars, except per share amounts, in thousands) 2018 Quarter Ended December 31 September 30 June 30 March 31 Interest income $ 23,342 $ 21,907 $ 19,998 $ 18,693 Interest expense 4,381 3,556 2,603 2,177 Net interest income 18,961 18,351 17,395 16,516 Provision for loan losses 844 (453) 1,270 1,477 Net interest income after provision for loan losses 18,117 18,804 16,125 15,039 Non-interest income 2,188 2,012 2,649 5,312 Non-interest expense 11,602 10,355 10,275 11,238 Income before income taxes 8,703 10,461 8,499 9,113 Income tax expense 2,418 3,348 2,634 2,822 Net income $ 6,285 $ 7,113 $ 5,865 $ 6,291 Basic earnings per common share $ 0.77 $ 0.87 $ 0.72 $ 0.77 Diluted earnings per common share $ 0.75 $ 0.85 $ 0.70 $ 0.75 2017 Quarter Ended December 31 September 30 June 30 March 31 Interest income $ 17,935 $ 16,401 $ 14,047 $ 12,441 Interest expense 2,293 2,437 2,281 1,660 Net interest income 15,642 13,964 11,766 10,781 Provision for loan losses 3,499 1,200 1,790 570 Net interest income after provision for loan losses 12,143 12,764 9,976 10,211 Non-interest income 6,178 2,233 1,573 1,245 Non-interest expense 9,779 8,590 7,141 7,234 Income before income taxes 8,542 6,407 4,408 4,222 Income tax expense 5,216 2,562 1,757 1,674 Net income $ 3,326 $ 3,845 $ 2,651 $ 2,548 Basic earnings per common share $ 0.50 $ 0.83 $ 0.57 $ 0.55 Diluted earnings per common share $ 0.49 $ 0.82 $ 0.57 $ 0.55

BASIS OF PRESENTATION (Policies

BASIS OF PRESENTATION (Policies)	12 Months Ended
	Dec. 31, 2018
Basis Of Presentation [Abstract]
Use of Estimates	Use of Estimates : To prepare financial statements in conformity with U.S. generally accepted accounting principles, management makes estimates and assumptions based on available information. These estimates and assumptions affect the amounts reported in the financial statements and the disclosures provided, and actual results could differ.
Cash Flows	Cash Flows : Cash and cash equivalents are defined as cash on hand and amounts due from banks and money market funds. Net cash flows are reported for customer loan and deposit transactions, and other investments.
Securities	Securities : Debt securities are classified as held to maturity and carried at amortized cost when management has positive intent and ability to hold them to maturity. Debt securities are classified as available for sale when they might be sold before maturity. Securities available for sale are carried at fair value, with unrealized holding gains and losses reported in other comprehensive income, net of tax. Interest income includes amortization of purchase premium or discount. Premiums and discounts on securities are amortized on the level yield method without anticipating prepayments, except for mortgage-backed securities where prepayments are anticipated. Gains and losses on sales are recorded on the trade date and determined using the specific identification method. Gains and losses on sales of securities are recognized in the consolidated statements of operations upon sale. Management evaluates securities for other-than-temporary impairment (“OTTI”) on at least a quarterly basis, and more frequently when economic or market conditions warrant such an evaluation. For securities in an unrealized loss position, management considers the extent and duration of the unrealized loss, and the financial condition and near-term prospects of the issuer. Management also assesses whether it intends to sell, or it is more likely than not that it will be required to sell, a security in an unrealized loss position before recovery of its amortized cost basis. If either of the criteria regarding intent or requirement to sell is met, the entire difference between amortized cost and fair value is recognized as impairment through earnings. For debt securities that do not meet the aforementioned criteria, the amount of impairment is split into two components as follows: 1) OTTI related to credit loss, which must be recognized in the income statement and 2) OTTI related to other factors, which is recognized in other comprehensive income. The credit loss is defined as the difference between the present value of the cash flows expected to be collected and the amortized cost basis.
Accounts Receivable & Receivable from Prepaid Card Programs, Net	Accounts Receivable & Receivable from Prepaid Card Programs, Net : Accounts receivables, net, primarily consist of the Bank’s in-transit items, trade receivables from prepaid debit card programs and other receivables. Receivables from prepaid card programs are predominantly government scheduled payments including financial assistance programs and pensions.
Revenue Recognition	Revenue Recognition : Revenue is recognized when the related services have been provided and amounts have been earned. Prepaid third-party debit card income consists of monthly maintenance fees, ATM fees, point-of-sale transaction fees, and other revenues. The Company recognizes revenue related to maintenance fees from prepaid third-party debit cardholders on a monthly basis, ATM fees from cardholders when customers withdraw money at certain ATMs, and point-of-sale transaction fees when customers use the cards for purchases, in accordance with the terms and conditions in the cardholder agreements.
Transfers of Financial Assets	Transfers of Financial Assets : Transfers of financial assets are accounted for as sales, when control over the assets has been relinquished. Control over transferred assets is deemed to be surrendered when the assets have been isolated from the Company, the transferee obtains the right (free of conditions that constrain it from taking advantage of that right) to pledge or exchange the transferred assets, and the Company does not maintain effective control over the transferred assets through an agreement to repurchase them before their maturity.
Loans and Allowance for Loan Losses	Loans and Allowance for Loan Losses : Loans receivable that management has the intent and ability to hold for the foreseeable future or until maturity or payoff are reported at their outstanding principal balances, adjusted for any charge-offs, the allowance for loan losses, and any deferred fees or costs on originated loans. Loan origination fees, net of certain direct origination costs, are deferred and recognized in interest income using the level-yield method without anticipating prepayments. The allowance for loan losses is maintained at an amount management deems adequate to cover probable incurred credit losses. In determining the level to be maintained, management evaluates many factors, including current economic trends, industry experience, historical loss experience, industry loan concentrations, the borrower’s ability to repay and repayment performance and estimated collateral values. Loan losses are charged against the allowance when management believes the uncollectibility of a loan balance is confirmed. Subsequent recoveries, if any, are credited to the allowance. Allocations of the allowance may be made for specific loans, but the entire allowance is available for any loan that, in management’s judgment, should be charged off. The allowance consists of specific and general components. The specific component relates to loans that are individually classified as impaired. A loan is considered to be impaired when it is probable that the Bank will be unable to collect all principal and interest amounts according to the contractual terms of the loan agreement. If a loan is impaired, a portion of the allowance is allocated so that the loan is reported, net, at the present value of estimated future cash flows using the loan’s existing rate or at the fair value of collateral if repayment is expected solely from the collateral. All commercial and commercial real estate loans are individually evaluated for credit risk at least annually, and all classified loans are individually evaluated for impairment quarterly. Large groups of smaller balance homogenous loans such as residential real estate loans are collectively evaluated for impairment, and accordingly, are not separately evaluated for impairment disclosures unless the individual loan is classified. Factors considered by management in determining impairment include payment status, collateral value, and the probability of collecting scheduled principal and interest payments when due. Loans that experience insignificant payment delays and payment shortfalls generally are not classified as impaired. Management determines the significance of payment delays and payment shortfalls on a case-by-case basis, taking into consideration all of the circumstances surrounding the loan and the borrower, including the length of the delay, the reasons for the delay, the borrower’s prior payment record, and the amount of the shortfall in relation to the principal and interest owed. Troubled debt restructurings are separately identified for impairment disclosures and are measured at the present value of estimated future cash flows using the loan’s effective rate at inception. If a troubled debt restructuring is considered to be a collateral dependent loan, the loan is reported, net, at the fair value of the collateral. For troubled debt restructurings that subsequently default, the Bank determines the amount of reserve in accordance with the accounting policy for the allowance for loan losses. The general component of the allowance covers non-impaired loans and is based on historical loss experience adjusted for current factors. The historical loss experience is determined by portfolio segment and is based on the actual loss history experienced by the Bank over a rolling two-year period. This actual loss experience is supplemented with other economic factors based on the risks present for each portfolio segment. These economic factors include consideration of the following: levels of and trends in delinquencies and impaired loans; levels of and trends in charge-offs and recoveries; trends in volume and terms of loans; effects on any changes in risk selection and underwriting standards; other changes in lending policies, procedures, and practices; experience, ability, and depth of lending management and other relevant staff; national and local economic trends and conditions; industry conditions; and effects of changes in credit concentrations. The following portfolio segments have been identified: Construction Loans, Commercial Real Estate Loans, Multi-Family Real Estate Loans, One-to-four Family Real Estate Loans, Commercial & Industrial Loans and Consumer Loans. The risk characteristics of each of the identified portfolio segments are as follows: Construction —  Construction financing is generally considered to involve a higher degree of risk of loss than long-term financing on improved, occupied real estate. Risk of loss on a construction loan depends largely upon the accuracy of the initial estimate of the property’s value at completion of construction and the estimated cost of construction. During the construction phase, a number of factors could result in delays and cost overruns. If the estimate of construction costs proves to be inaccurate, additional funds may be required to be advanced in excess of the amount originally committed to permit completion of the building. If the estimate of value proves to be inaccurate, the value of the building may be insufficient to assure full repayment if liquidation is required. If foreclosure is required on a building before or at completion due to a default, there can be no assurance that all of the unpaid balance of, and accrued interest on, the loan as well as related foreclosure and holding costs will be recovered. Commercial Real Estate —  Commercial real estate loans are secured by nonresidential real estate and generally have larger balances and involve a greater degree of risk than residential real estate loans. Repayment of commercial real estate loans depends on the total cash flow analysis of the borrower and the net operating income of the property, the borrower’s expertise, credit history and profitability, and the value of the underlying property. Of primary concern in commercial real estate lending is the borrower’s creditworthiness and the cash flow from the property. Payments on loans secured by income properties often depend on successful operation and management of the properties. As a result, repayment of such loans may be subject, to a greater extent than residential real estate loans, to adverse conditions in the real estate market or the economy. Commercial real estate is also subject to adverse market conditions that cause a decrease in market value or lease rates, obsolescence in location or function and market conditions associated with oversupply of units in a specific region. Multi-family Real Estate —  multi-family real estate loans are secured by multi-family real estate and generally have larger balances and involve a greater degree of risk than residential real estate loans. Repayment of multi-family real estate loans depends on the cash flow analysis of the property, occupancy rates, and unemployment rates, combined with the net operating income of the property, the borrower’s expertise, credit history and profitability, and the value of the underlying property. Payments on these loans depend on successful operation and management of the properties, and repayment of such loans may be subject to adverse conditions in the real estate market or the economy. One-to-Four Family Real Estate —  One-to-four family loans are generally made on the basis of the borrower’s ability to make repayment from his or her employment income or other income, and which are secured by real property whose value tends to be more easily ascertainable. Repayment of one-to-four family loans is subject to adverse employment conditions in the local economy leading to increased default rates and decreased market values from oversupply in a geographic area. In general, these loans depend on the borrower’s continuing financial stability and, therefore, are likely to be adversely affected by various factors, including job loss, divorce, illness, or personal bankruptcy. Furthermore, the application of various federal and state laws, including federal and state bankruptcy and insolvency laws, may limit the amount that can be recovered on such loans. Commercial & Industrial —  Commercial & Industrial loans are generally of higher risk and typically are made on the basis of the borrower’s ability to make repayment from the cash flow of the borrower’s business. As a result, the availability of funds for the repayment of commercial loans may depend substantially on the success of the business itself. Furthermore, any collateral securing such loans may depreciate over time, may be difficult to appraise, and may fluctuate in value. Consumer —  The Bank purchases loans made to licensed medical professionals for consumer purposes on an unsecured basis. Consumer loans are comprised of these loans and student loans. As a result, repayment of such loans are subject, to a greater extent than loans secured by collateral, to the financial condition of the borrower. While management uses available information to recognize losses on loans, future additions to the allowance may be necessary, based on changes in economic conditions or any other factors used in management’s determination. In addition, various regulatory agencies, as an integral part of their examination process, periodically review the Bank’s allowance for loan losses. Such agencies may require the Bank to recognize additions to the allowance based on their judgments about information available to them at the time of their examination. Interest income on loans is accrued and credited to operations based upon the principal amounts outstanding. Loans are placed on non-accrual when a loan is specifically determined to be impaired or when principal or interest is delinquent for 90 days or more. Delinquent status is based on the contractual terms of the loan. Any unpaid interest previously accrued on those loans is reversed from income. Interest payments received on such loans are applied as a reduction of the loan principal balance when the collectability of principal, wholly or partially, is in doubt. Interest payments received may be deferred on nonaccrual loans in which the principal balance is deemed to be collectible. Interest income is recognized when all the principal and interest amounts contractually due are brought current and the loans are returned to accrual status.
Goodwill	Goodwill : Goodwill and certain other intangibles generally arise from business combinations accounted for under the purchase method of accounting. Goodwill and other intangibles deemed to have indefinite lives generated from business combinations are not subject to amortization and are instead tested for impairment not less than annually or more frequently if events and circumstances exist that indicate that a goodwill impairment test should be performed. The Company has selected December 31 as the date to perform the annual impairment test. The goodwill of $9.7 million is associated with a purchase of the prepaid third-party debit card business. The Company performed an impairment assessment, and determined that no impairment of goodwill exists as of December 31, 2018 and 2017.
Stock-Based Compensation	Stock-Based Compensation : Compensation cost is recognized for stock options and restricted stock awards issued to employees, based on the fair value of these awards at the date of grant. A Black-Scholes model is utilized to estimate the fair value of options. The market price of the Company’s common stock at the date of grant is used for restricted stock awards. Compensation cost is recognized over the required service period, generally defined as the vesting period. For awards with graded vesting, compensation cost is recognized on a straight-line basis over the requisite service period for the entire award.
Concentrations of Credit Risk	Concentrations of Credit Risk : Financial instruments, which potentially subject the Bank to concentration of credit risk, consist primarily of temporary cash investments including due from banks, interest-bearing deposits with banks and real estate loans receivable. A significant portion of real estate loans are collateralized by property in the New York Metropolitan area. The ultimate collectability of these loans may be susceptible to changes in the real estate market in this area.
Premises and Equipment	Premises and Equipment : Premises and equipment are stated at cost less accumulated depreciation and amortization. Depreciation is computed over the estimated useful lives of the assets by the straight-line method with useful lives ranging from three to ten years. Leasehold improvements are amortized over the shorter of the terms of the respective leases or the estimated lives of the improvements.
Other Investments	Other Investments : Other investments includes FRB stock, FHLB (“FHLB”) stock and investments in the Solomon Hess SBA Loan Fund (“SBA Loan Fund” or “Fund”). 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. The investment was made by the Bank in 2018.The Bank is a member of the FRB and the FHLB systems. Members are required to own a certain amount of stock based on the level of borrowings and other factors. FRB and FHLB stock are carried at cost, classified as a restricted security, and periodically evaluated for impairment based on ultimate recovery of par value. Both cash and stock dividends are reported as income. The investment in the SBA Fund is recorded at cost and periodically evaluated for impairment. The Company held FRB and FHLB stock of  $7.3 million and $9.5 million, respectively, and a SBA Loan Fund investment of  $5.0 million as of December 31, 2018. As of December 31, 2017, the Company held FRB and FHLB stock of $3.9 million and $2.8 million, respectively, and an SBA loan Fund investment of $5.0 million.
Comprehensive Income	Comprehensive Income : Comprehensive income consists of net income and other comprehensive income (loss). Other comprehensive income (loss) includes unrealized gains and losses on securities available for sale which are also recognized as separate components of equity.
Restrictions on Cash	Restrictions on Cash : Included in cash on hand or on deposit with the FRB was required to meet regulatory reserve and clearing requirements. Also included in cash was $9.4 million and $7.1 million of cash held in escrow and collateral accounts for third-party debit card program managers as of December 31, 2018 and 2017, respectively.
Earnings per Common Share	Earnings per Common Share : Basic earnings per common share is computed by dividing net income available to common stockholders by the weighted average number of shares outstanding during the applicable period, excluding outstanding participating securities. Diluted earnings per common share is computed using the weighted average number shares determined for the basic computation plus the dilutive effect of potential common shares issuable under certain stock compensation plans. Unvested share-based payments awards that contain non-forfeitable rights to dividends or dividend equivalents (whether paid or unpaid) are participating securities and are included in the computation of earnings per share pursuant to the two-class method. The Company has determined that its outstanding non-vested stock awards are participating securities.
Income Taxes	Income Taxes : Income tax expense is the total of the current year income tax due or refundable and the change in deferred tax assets and liabilities. Deferred tax assets and liabilities are determined based on the difference between the financial statement and tax bases of assets and liabilities as measured by the enacted tax rates which will be in effect when these differences reverse. The primary temporary difference relates to allowance for loan losses. A valuation allowance is recorded, as necessary, to reduce deferred tax assets to an estimated amount expected to be realized. A tax position is recognized as a benefit only if it is “more likely than not” that the tax position would be sustained in a tax examination, with a tax examination being presumed to occur. The amount recognized is the largest amount of tax benefit that is greater than 50% likely of being realized on examination. For tax positions not meeting the “more likely than not” test, no tax benefit is recorded. The Company recognizes interest and/or penalties related to income tax matters in income tax expense.
Loan Commitments and Related Financial Instruments	Loan Commitments and Related Financial Instruments : Financial instruments include off-balance sheet credit instruments, such as commitments to make loans and commercial letters of credit, issued to meet customer financing needs. The face amount for these items represents the exposure to loss, before considering customer collateral or ability to repay. Such financial instruments are recorded when they are funded.
Fair Value of Financial Instruments	Fair Value of Financial Instruments : Fair values of financial instruments are estimated using relevant market information and other assumptions, as more fully disclosed in a separate note. Fair value estimates involve uncertainties and matters of significant judgment regarding interest rates, credit risk, prepayments, and other factors, especially in the absence of broad markets for particular items. Changes in assumptions or in market conditions could significantly affect the estimates.
Loss Contingencies	Loss Contingencies : Loss contingencies, including claims and legal actions arising in the ordinary course of business, are recorded as liabilities when the likelihood of loss is probable and an amount or range of loss can be reasonably estimated. Management does not believe there now are such matters that will have a material effect on the financial statements.
Reclassifications	Reclassifications : Some items in the prior year financial statements may have been reclassified to conform to the current presentation. Reclassification had no effect on prior year net income or stockholders’ equity.
Operating segments	Operating segments : While department heads monitor the revenue streams of the various products and services, operations are managed and financial performance is evaluated on a Company-wide basis. Operating segments are aggregated into one as operating results for all segments are similar. Accordingly, all of the financial service operations are considered by management to be aggregated in one reportable operating segment.
Recently Issued Accounting Standards	Recently Issued Accounting Standards : 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.

INVESTMENT SECURITIES (Tables)

INVESTMENT SECURITIES (Tables)	12 Months Ended
	Dec. 31, 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 December 31, 2018 Cost Gains Losses Fair Value Available-for-sale Residential mortgage-backed securities $ 21,880 $ 3 $ (486) $ 21,397 Residential collateralized mortgage obligations 2,213 — (97) 2,116 Commercial mortgage-backed securities issued by U.S. government sponsored entities 5,874 — (25) 5,849 Commercial collateralized mortgage obligations — — — — Municipal bond 1,074 3 — 1,077 CRA mutual fund 2,208 — (98) 2,110 Total securities available-for-sale $ 33,249 $ 6 $ (706) $ 32,549 Held-to-maturity Residential mortgage-backed securities $ 4,546 — (168) 4,378 Foreign government securities 25 — — 25 Total securities held-to-maturity $ 4,571 $ — $ (168) $ 4,403 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 mortgage-backed securities issued by U.S. government sponsored entities — — — — 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 December 31, 2018 Amortized Cost Fair Value Amortized Cost Fair Value Within one year $ 25 $ 25 $ 257 $ 258 One to five years — — — — Five to ten years — — — — Due after ten years — — 817 819 Total $ 25 $ 25 $ 1,074 $ 1,077 Residential mortgage-backed securities $ 4,546 $ 4,378 $ 21,880 $ 21,397 Residential collateralized mortgage obligations — — 2,213 $ 2,116 Commercial mortgage-backed securities issued by U.S. government sponsored entities — — 5,874 $ 5,849 Commercial collateralized mortgage obligations — — — — Total Securities $ 4,571 $ 4,403 $ 31,041 $ 30,439 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 — — Five to ten years — — — — Due after ten years — — 1,098 1,109 Total $ 25 $ 25 $ 1,098 $ 1,109 Residential mortgage-backed securities $ 5,403 $ 5,305 $ 24,856 $ 24,684 Residential collateralized mortgage obligations — — 2,809 2,706 Commercial mortgage-backed securities — — — — Commercial mortgage-backed securities issued by government sponsored entities — — 1,581 1,550 Total Securities $ 5,428 $ 5,330 $ 30,344 $ 30,049
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 December 31, 2018 Fair Value Losses Fair Value Losses Fair Value Losses Residential mortgage-backed securities $ 10,374 $ (73) $ 7,774 $ (413) $ 18,148 (486) Residential collateralized mortgage obligations — — 2,116 (97) 2,116 (97) Commercial mortgage-backed securities issued by U.S. government sponsored entities — — 5,849 (25) 5,849 (25) Commercial collateralized mortgage obligations — — — — — — CRA mutual fund — — 2,110 (98) 2,110 (98) Total securities available-for-sale $ 10,374 $ (73) $ 17,849 $ (633) $ 28,223 $ (706) Residential mortgage-backed securities $ — $ — $ 4,378 $ (168) 4,378 (168) Total securities held-to-maturity $ — $ — $ 4,378 $ (168) $ 4,378 $ (168) 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 mortgage-backed securities — — — — — — Commercial mortgage-backed securities issued by government sponsored entities — — 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 (Tables)

LOANS (Tables)	12 Months Ended
	Dec. 31, 2018
Loans and Leases Receivable Disclosure [Abstract]
Schedule of Loans Receivable	December 31, 2018 December 31, 2017 Real estate Commercial $ 949,778 $ 783,745 Construction 42,540 36,960 Multi-family 307,126 190,097 One-to-four family 79,423 25,568 Total real estate loans 1,378,867 1,036,370 Commercial and industrial 381,692 340,001 Consumer 106,790 44,595 Total loans 1,867,349 1,420,966 Deferred fees (2,133) (1,070) Loans, net of deferred fees and unamortized costs 1,865,216 1,419,896 Allowance for loan losses (18,942) (14,887) Balance at the end of the period $ 1,846,274 $ 1,405,009
Schedule of activity in the allowance for loan losses by segment	Commercial Commercial Multi One-to-four Year ended December 31, 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 for loan losses 1,978 (717) 106 891 90 790 3,138 Loans charged-off (77) (304) — — — (402) (783) Recoveries — 1,700 — — — — 1,700 Total ending allowance balance $ 9,037 $ 6,257 $ 625 $ 2,047 $ 228 $ 748 $ 18,942 Commercial Commercial Multi One-to-four Year ended December 31, 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 for loan losses 1,930 4,093 110 536 29 361 7,059 Loans charged-off — (3,879) — — — (108) (3,987) Recoveries — — — — — — — Total ending allowance balance $ 7,136 $ 5,578 $ 519 $ 1,156 $ 138 $ 360 $ 14,887
Schedule of allowance for loan losses and the recorded investment in loans	Commercial Commercial Multi One-to-four At December 31, 2018 Real Estate & Industrial Construction Family Family Consumer Total Allowance for loan losses: Individually evaluated for impairment $ — $ — $ — $ — $ — $ 44 $ 44 Collectively evaluated for impairment 9,037 6,257 625 2,047 228 704 18,898 Total ending allowance balance $ 9,037 $ 6,257 $ 625 $ 2,047 $ 228 $ 748 $ 18,942 Loans: Individually evaluated for impairment $ 383 $ — $ — $ — $ 1,078 $ 89 $ 1,550 Collectively evaluated for impairment 949,395 381,692 42,540 307,126 78,345 106,701 1,865,799 Total ending loan balance $ 949,778 $ 381,692 $ 42,540 $ 307,126 $ 79,423 $ 106,790 $ 1,867,349 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	Unpaid Principal Allowance for Loan Average Recorded Interest Income At December 31, 2018 Balance Recorded Investment Losses Allocated Investment Recognized With an allowance recorded: One-to-four family $ — $ — $ — $ 111 $ — Consumer 105 89 44 157 7 Total $ 105 $ 89 $ 44 $ 268 $ 7 Without an allowance recorded: Commercial real estate 1,355 1,078 — 1,477 59 One-to-four family 1,740 1,461 — 2,948 146 Total $ 3,094 $ 2,539 $ — $ 4,424 $ 205 Unpaid Principal Allowance for Loan Average Recorded Interest Income At December 31, 2017 Balance Recorded Investment Losses Allocated Investment Recognized With an allowance recorded: Commercial and industrial $ — $ — $ — $ 2,928 $ — One-to-four family 686 556 9 563 21 Consumer 155 155 77 75 8 Total $ 841 $ 711 $ 86 $ 3,566 $ 29 Without an allowance recorded: Commercial and industrial $ 2,890 $ 2,368 $ — $ 5,367 $ 229 Commercial real estate — — — 938 43 One-to-four family 3,157 3,010 — 1,547 87 Total $ 6,047 $ 5,378 $ — $ 7,852 $ 359
Schedule of Recorded Investment in Non-Accrual Loans	At December 31, 2018 Nonaccrual Loans Past Due Over 90 Days Still Accruing Commercial real estate $ — $ — Commercial & industrial — 239 One-to-four family — — Consumer 50 — Total $ 50 $ 239 At December 31, 2017 Nonaccrual Loans Past Due Over 90 Days Still Accruing Commercial real estate $ 787 $ — Commercial & industrial — — One-to-four family 2,447 — Consumer 155 — Total $ 3,389 $ —
Schedule of aging of the recorded investment in past due loans	Greater 30-59 60-89 than 90 Total past Current At December 31, 2018 Days Days days due loans Total Commercial real estate $ — $ — $ — $ — $ 949,778 $ 949,778 Commercial & industrial 1,670 95 239 2,004 379,688 381,692 Construction — — — — 42,540 42,540 Multifamily — — — — 307,126 307,126 One-to-four family 870 — — 870 78,553 79,423 Consumer 119 43 50 212 106,578 106,790 Total $ 2,659 $ 138 $ 289 $ 3,086 $ 1,864,263 $ 1,867,349 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 Multi-family — — — — 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 loans modified as troubled debt restructurings	The following tables present the recorded investment in TDRs by class of loans as of December 31, 2018 and 2017 (dollars in thousands): At December 31, 2018 Troubled Debt Restructuring Commercial real estate $ 383 Commercial & industrial — One-to-four family 1,078 Consumer 39 Total $ 1,500 At December 31, 2017 Troubled Debt Restructuring Commercial real estate $ 1,580 Commercial & industrial — One-to-four family 1,119 Consumer — Total $ 2,699
Schedule of risk category of loans by class of loans	Special At December 31, 2018 Pass Mention Substandard Total Commercial real estate $ 949,395 $ 383 $ — $ 949,778 Commercial & industrial 381,692 — — 381,692 Construction 41,044 1,496 — 42,540 Multifamily 307,126 — — 307,126 Total $ 1,679,257 $ 1,879 $ — $ 1,681,136 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 Total $ 1,336,242 $ 12,595 $ 1,966 $ 1,350,803

PREMISES AND EQUIPMENT (Tables)

PREMISES AND EQUIPMENT (Tables)	12 Months Ended
	Dec. 31, 2018
Property, Plant and Equipment [Abstract]
Schedule of premises and equipment	Premises and equipment are summarized as follows as of December 31, 2018 and 2017 (dollars in thousands): Year Ended December 31, 2018 2017 Furniture and Equipment (useful life of 3 to 7 years) $ 8,773 $ 7,376 Leasehold Improvements (useful life of 3 to 10 years) 11,387 10,820 Total Premises and Equipment 20,160 18,196 Less accumulated depreciation and amortization (13,283) (11,928) Total Premises and Equipment, net $ 6,877 $ 6,268

DEPOSITS (Tables)

DEPOSITS (Tables)	12 Months Ended
	Dec. 31, 2018
Deposits [Abstract]
Schedule of deposits	Deposits consisted of the following as of December 31, 2018 and 2017 (dollars in thousands): At December 31, 2018 2017 Noninterest bearing demand accounts $ 798,563 $ 812,616 Money market 745,040 484,470 Savings accounts 19,950 27,024 Time Deposits: Time deposits under $100,000 7,045 73,437 Time deposits $100,000 and over 89,956 6,808 Total deposits $ 1,660,554 $ 1,404,355
Schedule of time deposits maturities	The following are scheduled maturities of time deposits as of December 31, 2018 (dollars in thousands): 2019 $ 66,031 2020 22,955 2021 7,138 2022 435 2023 442 Total time deposits $ 97,001

BORROWINGS (Tables)

BORROWINGS (Tables)	12 Months Ended
	Dec. 31, 2018
Advances from Federal Home Loan Banks [Abstract]
Schedule of advances from the FHLB	Borrowings from the FHLB at December 31, 2018 and 2017 were as follows (dollars in thousands): 2018 2017 Maturing in 2019, fixed rate at rates from 2.47% to 2.73%, weighted averaging 2.64% $ 185,000 $ — Matured in 2018, fixed rate at rates from 1.21% to 3.23%, weighted averaging 1.53% — 42,198 Total $ 185,000 $ 42,198
Schedule of FHLB advances that mature over the next five years	FHLB advances that mature over the next five years and thereafter as follows (dollars in thousands): Principal 2019 $ 185,000 2020 — 2021 — 2022 — 2023 — Total $ 185,000

INCOME TAXES (Tables)

INCOME TAXES (Tables)	12 Months Ended
	Dec. 31, 2018
Income Tax Disclosure [Abstract]
Schedule of components of income taxes	Income tax expense consisted of the following for the years ended December 31, 2018 and 2017 (dollars in thousands): Year Ended December 31, (in thousands) 2018 2017 Current Federal $ 7,990 $ 7,920 State and local 4,762 2,499 Total current 12,752 10,419 Deferred Federal (896) 1,045 State and local (635) (255) Total deferred (1,531) 790 Total income tax expense $ 11,221 $ 11,209
Schedule of deferred tax assets and liabilities	Deferred tax assets and liabilities consist of the following (dollars in thousands): At December 31, 2018 2017 Deferred tax assets: Allowance for loan losses $ 5,893 $ 4,583 Interest on nonaccrual loans 28 28 Off balance sheet reserves 127 110 Restricted stock 167 153 Tangible asset 20 23 Non-qualified stock options 290 183 Net unrealized loss on securities available for sale 172 86 Total gross deferred tax assets 6,697 5,166 Deferred tax liabilities: Depreciation and amortization 392 574 Prepaid assets 255 159 Total gross deferred tax liabilities 647 733 Net deferred tax asset, included in other assets $ 6,050 $ 4,433
Schedule of reconciliation of statutory federal income tax rate	The following is a reconciliation of the Company’s statutory federal income tax rate of 21% and 35%, respectively, to its effective tax rate for the years ended December 31, 2018 and 2017 (dollars in thousands): For the year ended December 31, 2018 2017 Tax expense/ Tax expense/ (benefit) Rate (benefit) Rate Pretax income at statutory rates $ 7,723 21.00 % $ 8,252 35 % State and local taxes, net of federal income tax benefit 3,260 8.87 1,459 6.19 Nondeductible expenses 327 0.89 21 0.09 Stock options — — (113) (0.48) Excess tax deduction on equity awards (83) (0.23) — — Tax-exempt income, net (6) (0.02) (10) (0.04) Impact of U.S. tax reform (the Tax Act) — — 1,581 6.71 Other — — 19 0.08 Effective income tax expense/rate $ 11,221 30.51 % $ 11,209 47.55 %

COMMITMENTS AND CONTINGENCIES (

COMMITMENTS AND CONTINGENCIES (Tables)	12 Months Ended
	Dec. 31, 2018
Commitments and Contingencies Disclosure [Abstract]
Schedule of future minimum rental payments required under all non-cancellable operating leases	Approximate future minimum rental payments required under all non-cancellable operating leases, before considering renewal options that generally are present, were as follows (dollars in thousands): Year Ending December 31, 2019 $ 2,699 2020 2,682 2021 2,146 2022 2,076 2023 1,564 Thereafter (and through 2035) 4,981 $ 16,148

FAIR VALUE OF FINANCIAL INSTR_2

FAIR VALUE OF FINANCIAL INSTRUMENTS (Tables)	12 Months Ended
	Dec. 31, 2018
Fair Value Disclosures [Abstract]
Schedule of Assets and Liabilities Measured at Fair Value on a Recurring Basis	Assets and liabilities 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 December 31, 2018 Residential mortgage-backed securities $ 21,397 $ — $ 21,397 $ — Residential collateralized mortgage obligation 2,116 — 2,116 — Commercial mortgage-backed securities issued by government sponsored entities 5,849 — 5,849 — Municipal bond 1,077 — 1,077 — CRA Mutual Fund 2,110 2,110 — — 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	Carrying amount and estimated fair values of financial instruments at December 31, 2018 and 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 December 31, 2018 Amount Assets (Level 1) Inputs (Level 2) Inputs (Level 3) Value Assets: Cash and due from banks $ 9,246 $ 9,246 $ — $ — $ 9,246 Overnight deposits 223,704 223,704 — — 223,704 Securities available for sale 32,549 2,110 30,439 — 32,549 Securities held to maturity 4,571 — 4,403 — 4,403 Loans, net 1,846,274 — — 1,796,462 1,796,462 Other investments FRB Stock 7,250 N/A N/A N/A N/A FHLB Stock 9,537 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 5,507 — 127 5,380 5,507 Financial Liabilities: Deposits without stated maturities $ 1,563,553 $ 1,563,553 $ — $ — $ 1,563,553 Deposits with stated maturities 97,001 — 96,859 — 96,859 Federal Home Loan Bank of New York advances 185,000 — 184,999 — 184,999 Trust preferred securities payable 20,620 — — 19,821 19,821 Subordinated debt, net of issuance cost 24,545 — 25,125 — 25,125 Accrued interest payable 1,282 13 1,044 225 1,282 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

STOCK COMPENSATION PLAN (Tables

STOCK COMPENSATION PLAN (Tables)	12 Months Ended
	Dec. 31, 2018
STOCK COMPENSATION PLAN [Abstract]
Schedule of status of the stock option plan	2018 Weighted Average Number of Exercise Options Price Outstanding, beginning of year 271,500 $ 19.79 Granted — — Exercised (30,000) 30.00 Cancelled/forfeited (10,500) 30.00 Outstanding, end of year 231,000 $ 18.00 Options vested and exercisable at year-end 231,000 $ 18.00 Aggregate intrinsic value of options outstanding at December 31, 2018 $ 2,968,365 Weighted average remaining contractual life (years) 5.38
Schedule of summary of stock options outstanding	Options Outstanding Range of Average Number Outstanding at Weighted Average Weighted Average Exercise Prices December 31, 2018 Remaining Contractual Life Exercise Price $10 – 20 231,000 5.38 $ 18.00 $21 – 30 — — $ — $10 – 30 231,000 5.38 $ 18.00
Schedule of information about stock options exercised	Year Ended December 31, 2018 2017 Intrinsic value of exercises $ 227,910 $ 47,950 Cash received from exercises $ 360,000 $ 135,000
Schedule of non-vested restricted stock awards	Year Ended December 31, 2018 Year Ended December 31, 2017 Weighted Average Weighted Average Number of Shares Grant Date Fair Value Number of Shares Grant Date Fair Value Outstanding, beginning of period 76,104 $ 20.61 64,638 $ Granted 8,987 48.99 31,606 Forfeited — — (3,167) Vested (31,134) 27.33 (16,973) Outstanding at end of period 53,957 $ 21.46 76,104 $
Schedule of share-based compensation performance restricted stock units	The following table summarizes the changes in the Company’s non-vested PRSU awards for year ended December 31, 2018 (dollars in thousands, except share information): For the year ended December 31, 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 $ 1,265,278

FINANCIAL INSTRUMENTS WITH OF_2

FINANCIAL INSTRUMENTS WITH OFF-BALANCE-SHEET RISK (Tables)	12 Months Ended
	Dec. 31, 2018
FINANCIAL INSTRUMENTS WITH OFF-BALANCE-SHEET RISK [Abstract]
Schedule of off-balance-sheet financial instruments	The Bank had outstanding the following off-balance-sheet financial instruments whose contract amounts represent credit risk as of December 31 (dollars in thousands): At December 31, 2018 At December 31, 2017 Variable Variable Fixed Rate Rate Fixed Rate Rate Undrawn lines of credit $ 7,737 $ 130,547 $ 39,651 $ 76,008 Letters of credit 34,351 — 23,741 — $ 42,088 $ 130,547 $ 63,392 $ 76,008

REGULATORY CAPITAL (Tables)

REGULATORY CAPITAL (Tables)	12 Months Ended
	Dec. 31, 2018
Regulatory Capital Requirements [Abstract]
Schedule of requirements for minimum capital adequacy and classification	Actual and required capital amounts and ratios are presented below at year end (dollars in thousands): To be Well Capitalized For Capital Adequacy under Prompt Corrective Actual Purposes Action Regulations Amount Ratio Amount Ratio Amount Ratio At December 31, 2018 Total capital (to risk-weighted assets) Metropolitan Bank Holding Corp. $ 319,053 16.9 % $ 151,053 ≥ 8.0 % N/A N/A Metropolitan Commercial Bank $ 314,226 16.7 % $ 150,900 ≥ 8.0 % $ 188,625 ≥ 10.0 % Tier 1 common equity (to risk-weighted assets) Metropolitan Bank Holding Corp. $ 249,655 13.2 % $ 84,968 ≥ 4.5 % N/A N/A Metropolitan Commercial Bank $ 294,880 15.6 % $ 84,881 ≥ 4.5 % $ 122,606 ≥ 6.5 % Tier 1 capital (to risk-weighted assets) Metropolitan Bank Holding Corp. $ 275,158 14.6 % $ 113,290 ≥ 6.0 % N/A N/A Metropolitan Commercial Bank $ 294,880 15.6 % $ 113,175 ≥ 6.0 % $ 150,900 ≥ 8.0 % Tier 1 capital (to average assets) Metropolitan Bank Holding Corp. $ 275,158 13.7 % $ 80,244 ≥ 4.0 % N/A N/A Metropolitan Commercial Bank $ 294,880 14.7 % $ 80,050 ≥ 4.0 % $ 100,063 ≥ 5.0 % At December 31, 2017 Total capital (to risk-weighted assets) Metropolitan Bank Holding Corp. $ 287,039 19.9 % $ 115,636 ≥ 8.0 % N/A N/A Metropolitan Commercial Bank $ 280,317 19.4 % $ 115,523 ≥ 8.0 % $ 144,403 ≥ 10.0 % Tier 1 common equity (to risk-weighted assets) Metropolitan Bank Holding Corp. $ 221,803 15.3 % $ 65,045 ≥ 4.5 % N/A N/A Metropolitan Commercial Bank $ 265,076 18.4 % $ 64,981 ≥ 4.5 % $ 93,862 ≥ 6.5 % Tier 1 capital (to risk-weighted assets) Metropolitan Bank Holding Corp. $ 247,305 17.1 % $ 86,726 ≥ 6.0 % N/A N/A Metropolitan Commercial Bank $ 265,076 18.4 % $ 86,642 ≥ 6.0 % $ 115,523 ≥ 8.0 % Tier 1 capital (to average assets) Metropolitan Bank Holding Corp. $ 247,305 13.7 % $ 72,206 ≥ 4.0 % N/A N/A Metropolitan Commercial Bank $ 265,076 14.7 % $ 72,099 ≥ 4.0 % $ 90,124 ≥ 5.0 %

EARNINGS PER COMMON SHARE (Tabl

EARNINGS PER COMMON SHARE (Tables)	12 Months Ended
	Dec. 31, 2018
Earnings Per Share [Abstract]
Schedule of earnings per share	The factors used in the earnings per share calculation are as follows (in thousands, except per share data). Year Ended December 31, 2018 2017 Basic Net income per consolidated statements of income $ 25,554 $ 12,369 Less: Dividends paid to preferred shareholders — — Less: Earnings allocated to participating securities (168) (183) Net income available to common stockholders $ 25,386 $ 12,186 Weighted average common shares outstanding including participating securities 8,200,705 5,147,149 Less: Weighted average participating securities (67,152) (76,104) Weighted average common shares outstanding 8,133,553 5,071,045 Basic earnings per common share $ 3.12 $ 2.40 Diluted Net income allocated to common stockholders $ 25,386 $ 12,186 Weighted average common shares outstanding for basic earnings per common share 8,133,553 5,071,045 Add: Dilutive effects of assumed exercise of stock options 137,089 131,189 Add: Dilutive effects of assumed vesting of performance based restricted stock 17,882 — Average shares and dilutive potential common shares 8,288,524 5,202,234 Dilutive earnings per common share $ 3.06 $ 2.34

PARENT COMPANY FINANCIAL INFO_2

PARENT COMPANY FINANCIAL INFORMATION (Tables)	12 Months Ended
	Dec. 31, 2018
Condensed Financial Information of Parent Company Only Disclosure [Abstract]
Schedule of condensed balance sheets	Condensed Balance Sheets At December 31, 2018 2017 Assets Cash and due from banks $ 3,547 $ 6,761 Loans, net of allowance for loan losses 776 776 Investments 620 620 Investment in subsidiary bank, at equity 304,141 274,190 Other assets 1,380 596 Total assets $ 310,464 $ 282,943 Liabilities and Stockholders’ Equity Trust preferred securities payable 20,620 20,620 Subordinated debt payable, net of issuance costs 24,545 24,489 Other liabilities 782 950 Total liabilities 45,947 46,059 Stockholders’ equity: Preferred stock 3 3 Common stock 82 81 Surplus 213,490 211,145 Retained earnings 51,415 25,861 Accumulated other comprehensive loss, net of tax (473) (206) Total equity 264,517 236,884 Total liabilities and stockholders’ equity $ 310,464 $ 282,943
Schedule of condensed statements of income	Condensed Statements of Income Year Ended December 31, 2018 2017 Income: Loans $ 17 $ 17 Total interest income 17 17 Interest expense: Trust preferred securities payable 846 636 Subordinated debt interest expense 1,619 1,322 Total interest expense 2,465 1,958 Net interest expense (2,448) (1,941) Provision for loan losses — — Net interest income after provision for loan losses (2,448) (1,941) Other expense 1,275 33 Loss before undistributed earnings of subsidiary bank (3,723) (1,974) Equity in undistributed earnings of subsidiary bank 28,094 13,560 Income before income tax expense 24,371 11,586 Income tax benefit 1,183 783 Net income $ 25,554 $ 12,369 Comprehensive income $ 25,287 $ 12,328
Schedule of condensed statement of cash flows	Condensed Statement of Cash Flows Year Ended December 31, 2018 2017 Cash Flows From Operating Activities: Net income $ 25,554 $ 12,369 Adjustments to reconcile net income to net cash provided by (used in) operating activities: Undistributed earnings of subsidiary bank (28,094) (13,560) Non-employee stock based compensation 440 — Amortization of trust preferred issuance costs 56 46 Stock based compensation expense 1,711 412 Decrease (increase) in other assets (2,910) (585) Increase (decrease) in other liabilities (167) 165 Net cash used in operating activities (3,410) (1,153) Cash Flows From Investing Activities: Investments in subsidiary bank — (132,000) Net cash used in Investing activities — (132,000) Cash Flows From Financing Activities: Proceeds from issuance of common stock, net (33) 114,773 Proceeds from exercise of stock options 229 (120) Net proceeds from issuance of subordinated debt, net of issuance cost — 24,443 Net cash provided by financing activities 196 139,096 Net (decrease) increase in cash and cash equivalents (3,214) 5,943 Cash and cash equivalents, beginning of year 6,761 818 Cash and cash equivalents, end of year $ 3,547 $ 6,761

ACCUMULATED OTHER COMPREHENSI_2

ACCUMULATED OTHER COMPREHENSIVE INCOME (Tables)	12 Months Ended
	Dec. 31, 2018
AOCI Attributable to Parent [Abstract]
Schedule of changes in accumulated other comprehensive income (loss), net of tax	The following table summarizes the changes in Accumulated Other Comprehensive Income (Loss) balances, net of tax effects at the dates indicated (dollars in thousands): Year Ended December 31, 2018 2017 Beginning balance $ (206) $ (165) Net change in other comprehensive income (loss) before reclassification (293) (41) Amounts reclassified from accumulated other comprehensive income, net of taxes 26 — Net current period other comprehensive loss (267) (41) Ending balance $ (473) $ (206)
Schedule of reclassifications out of accumulated other comprehensive income (loss)	Year Ended December 31, 2018 2017 Affected line item in the Consolidated Statements of Operations Realized loss on call of available for sale securities $ (37) $ — Losses on call of securities Income tax benefit 11 — Income tax expense Total reclassifications, net of income tax $ (26) $ —

UNAUDITED QUARTERLY FINANCIAL_2

UNAUDITED QUARTERLY FINANCIAL DATA (Tables)	12 Months Ended
	Dec. 31, 2018
Quarterly Financial Information Disclosure [Abstract]
Schedule of consolidated quarterly financial data	Selected Consolidated Quarterly Financial Data (dollars, except per share amounts, in thousands) 2018 Quarter Ended December 31 September 30 June 30 March 31 Interest income $ 23,342 $ 21,907 $ 19,998 $ 18,693 Interest expense 4,381 3,556 2,603 2,177 Net interest income 18,961 18,351 17,395 16,516 Provision for loan losses 844 (453) 1,270 1,477 Net interest income after provision for loan losses 18,117 18,804 16,125 15,039 Non-interest income 2,188 2,012 2,649 5,312 Non-interest expense 11,602 10,355 10,275 11,238 Income before income taxes 8,703 10,461 8,499 9,113 Income tax expense 2,418 3,348 2,634 2,822 Net income $ 6,285 $ 7,113 $ 5,865 $ 6,291 Basic earnings per common share $ 0.77 $ 0.87 $ 0.72 $ 0.77 Diluted earnings per common share $ 0.75 $ 0.85 $ 0.70 $ 0.75 2017 Quarter Ended December 31 September 30 June 30 March 31 Interest income $ 17,935 $ 16,401 $ 14,047 $ 12,441 Interest expense 2,293 2,437 2,281 1,660 Net interest income 15,642 13,964 11,766 10,781 Provision for loan losses 3,499 1,200 1,790 570 Net interest income after provision for loan losses 12,143 12,764 9,976 10,211 Non-interest income 6,178 2,233 1,573 1,245 Non-interest expense 9,779 8,590 7,141 7,234 Income before income taxes 8,542 6,407 4,408 4,222 Income tax expense 5,216 2,562 1,757 1,674 Net income $ 3,326 $ 3,845 $ 2,651 $ 2,548 Basic earnings per common share $ 0.50 $ 0.83 $ 0.57 $ 0.55 Diluted earnings per common share $ 0.49 $ 0.82 $ 0.57 $ 0.55

BASIS OF PRESENTATION (Detail T

BASIS OF PRESENTATION (Detail Textuals)	12 Months Ended
	Dec. 31, 2018USD ($)segment	Dec. 31, 2017USD ($)
Goodwill	$ 9,733,000	$ 9,733,000
Impairment of goodwill	0	0
Investment in Disability Opportunity Fund	500,000
Investment in FRB	7,300,000	3,900,000
Investment in FHLB	9,500,000	2,800,000
Investment in SBA Loan fund	5,000,000	5,000,000
Escrow deposit	$ 9,400,000	$ 7,100,000
Number of reportable operating segment | segment	1
Maximum
Premises and equipment useful life	10 years
Minimum
Premises and equipment useful life	3 years

SUMMARY OF RECENT ACCOUNTING _2

SUMMARY OF RECENT ACCOUNTING PRONOUNCEMENTS (Detail Textuals) - USD ($)	3 Months Ended								9 Months Ended	12 Months Ended
	Dec. 31, 2018	Sep. 30, 2018	Jun. 30, 2018	Mar. 31, 2018	Dec. 31, 2017	Sep. 30, 2017	Jun. 30, 2017	Mar. 31, 2017	Dec. 31, 2018	Dec. 31, 2018	Dec. 31, 2017
Income tax expense	$ 2,418,000	$ 3,348,000	$ 2,634,000	$ 2,822,000	$ 5,216,000	$ 2,562,000	$ 1,757,000	$ 1,674,000		$ 11,221,000	$ 11,209,000
Unrecognized tax benefits	$ 0			$ 0	$ 0				$ 0	$ 0	$ 0
ASU 2016-09
Income tax expense									$ (83,000)

INVESTMENT SECURITIES - Schedul

INVESTMENT SECURITIES - Schedule of amortized cost and fair value of securities available-for-sale (Details) - USD ($) $ in Thousands	Dec. 31, 2018	Dec. 31, 2017
Schedule of Available-for-sale Securities [Line Items]
Amortized Cost	$ 33,249	$ 32,504
Gross Unrealized/Unrecognized Gains	6	81
Gross Unrealized/Unrecognized Losses	(706)	(428)
Investment securities available for sale, at fair value	32,549	32,157
Residential mortgage-backed securities
Schedule of Available-for-sale Securities [Line Items]
Amortized Cost	21,880	24,856
Gross Unrealized/Unrecognized Gains	3	70
Gross Unrealized/Unrecognized Losses	(486)	(242)
Investment securities available for sale, at fair value	21,397	24,684
Residential collateralized mortgage obligations
Schedule of Available-for-sale Securities [Line Items]
Amortized Cost	2,213	2,809
Gross Unrealized/Unrecognized Gains		0
Gross Unrealized/Unrecognized Losses	(97)	(103)
Investment securities available for sale, at fair value	2,116	2,706
Commercial mortgage-backed securities issued by government sponsored entities
Schedule of Available-for-sale Securities [Line Items]
Amortized Cost	5,874	0
Gross Unrealized/Unrecognized Gains	0	0
Gross Unrealized/Unrecognized Losses	(25)	0
Investment securities available for sale, at fair value	5,849	0
Commercial collateralized mortgage obligations
Schedule of Available-for-sale Securities [Line Items]
Amortized Cost		1,581
Gross Unrealized/Unrecognized Gains		0
Gross Unrealized/Unrecognized Losses		(31)
Investment securities available for sale, at fair value		1,550
Municipal bond
Schedule of Available-for-sale Securities [Line Items]
Amortized Cost	1,074	1,098
Gross Unrealized/Unrecognized Gains	3	11
Gross Unrealized/Unrecognized Losses		0
Investment securities available for sale, at fair value	1,077	1,109
CRA mutual fund
Schedule of Available-for-sale Securities [Line Items]
Amortized Cost	2,208	2,160
Gross Unrealized/Unrecognized Gains		0
Gross Unrealized/Unrecognized Losses	(98)	(52)
Investment securities available for sale, at fair value	$ 2,110	$ 2,108

INVESTMENT SECURITIES -Schedule

INVESTMENT SECURITIES -Schedule of amortized cost and fair value of securities held-to-maturity (Details) - USD ($) $ in Thousands	Dec. 31, 2018	Dec. 31, 2017
Schedule of Held-to-maturity Securities [Line Items]
Amortized Cost	$ 4,571	$ 5,428
Gross Unrealized/Unrecognized Gains		0
Gross Unrealized/Unrecognized Losses	(168)	(98)
Total Securities	4,403	5,330
Residential mortgage-backed securities
Schedule of Held-to-maturity Securities [Line Items]
Amortized Cost	4,546	5,403
Gross Unrealized/Unrecognized Gains		0
Gross Unrealized/Unrecognized Losses	(168)	(98)
Total Securities	4,378	5,305
Foreign government securities
Schedule of Held-to-maturity Securities [Line Items]
Amortized Cost	25	25
Gross Unrealized/Unrecognized Gains		0
Gross Unrealized/Unrecognized Losses		0
Total Securities	$ 25	$ 25

INVESTMENT SECURITIES - Proceed

INVESTMENT SECURITIES - Proceeds from sales and calls of securities and associated gains and losses (Details) - USD ($)	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017
INVESTMENT SECURITIES [Abstract]
Loss on sale of securities	$ 37,000
Proceeds from calls of securities	$ 1,500,000	$ 0

INVESTMENT SECURITIES (Schedule

INVESTMENT SECURITIES (Schedule of Amortized Cost and Fair Value of Securities Classified by Contractual Maturity) (Details) - USD ($)	Dec. 31, 2018	Dec. 31, 2017
Amortized Cost
Within one year	$ 25,000	$ 0
One to five years	0	25,000
Five to ten years	0	0
Due after ten years	0	0
Amortized Cost, total	25,000	25,000
Fair Value
Within one year	25,000	0
One to five years	0	25,000
Five to ten years	0	0
Due after ten years	0	0
Fair Value, total	25,000	25,000
Amortized Cost
Within one year	257,000	0
One to five years	0	0
Five to ten years	0	0
Due after ten years	817,000	1,098,000
Amortized Cost, total	1,074,000	1,098,000
Fair Value
Within one year	258,000	0
One to five years	0	0
Five to ten years	0	0
Due after ten years	819,000	1,109,000
Fair Value, total	1,077,000	1,109,000
Securities pledged fair value	0	0
Mortgage Backed Securities
Amortized Cost
Amortized Cost, Held to maturity	4,571,000	5,428,000
Fair Value
Fair Value, Held to maturity	4,403,000	5,330,000
Amortized Cost
Amortized Cost, Available-for-sale Securities	31,041,000	30,344,000
Fair Value
Fair Value, Available-for-sale Securities	30,439,000	30,049,000
Residential mortgage-backed securities
Amortized Cost
Amortized Cost, Held to maturity	4,546,000	5,403,000
Fair Value
Fair Value, Held to maturity	4,378,000	5,305,000
Amortized Cost
Amortized Cost, Available-for-sale Securities	21,880,000	24,856,000
Fair Value
Fair Value, Available-for-sale Securities	21,397,000	24,684,000
Residential collateralized mortgage obligations
Amortized Cost
Amortized Cost, Held to maturity	0	0
Fair Value
Fair Value, Held to maturity	0	0
Amortized Cost
Amortized Cost, Available-for-sale Securities	2,213,000	2,809,000
Fair Value
Fair Value, Available-for-sale Securities	2,116,000	2,706,000
Commercial mortgage-backed securities issued by government sponsored entities
Amortized Cost
Amortized Cost, Held to maturity	0	0
Fair Value
Fair Value, Held to maturity	0	0
Amortized Cost
Amortized Cost, Available-for-sale Securities	5,874,000	1,581,000
Fair Value
Fair Value, Available-for-sale Securities	5,849,000	1,550,000
Commercial collateralized mortgage obligations
Amortized Cost
Amortized Cost, Held to maturity	0	0
Fair Value
Fair Value, Held to maturity	0	0
Amortized Cost
Amortized Cost, Available-for-sale Securities	0	0
Fair Value
Fair Value, Available-for-sale Securities	$ 0	$ 0

INVESTMENT SECURITIES (Schedu_2

INVESTMENT SECURITIES (Schedule of Securities with Unrealized Losses) (Details) $ in Thousands	Dec. 31, 2018USD ($)item	Dec. 31, 2017USD ($)item
Available-for-sale Securities
Less than 12 Months, Estimated Fair Value	$ 10,374	$ 9,194
Less than 12 Months, Unrealized/Unrecognized Losses	(73)	(85)
12 months or more, Estimated Fair Value	17,849	14,102
12 months or more, Unrealized/Unrecognized Losses	(633)	(343)
Total, Estimated Fair Value	28,223	23,296
Total, Unrealized/Unrecognized Losses	(706)	(428)
Held-to-maturity Securities
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	4,378	2,045
12 months or more, Unrealized/Unrecognized Losses	(168)	(65)
Total, Estimated Fair Value	4,378	5,305
Total, Unrealized Losses	$ (168)	$ (98)
Number of securities of one issuer | item	0	0
Residential mortgage-backed securities
Available-for-sale Securities
Less than 12 Months, Estimated Fair Value	$ 10,374	$ 9,194
Less than 12 Months, Unrealized/Unrecognized Losses	(73)	(85)
12 months or more, Estimated Fair Value	7,774	7,738
12 months or more, Unrealized/Unrecognized Losses	(413)	(157)
Total, Estimated Fair Value	18,148	16,932
Total, Unrealized/Unrecognized Losses	(486)	(242)
Held-to-maturity Securities
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	4,378	2,045
12 months or more, Unrealized/Unrecognized Losses	(168)	(65)
Total, Estimated Fair Value	4,378	5,305
Total, Unrealized Losses	(168)	(98)
Residential collateralized mortgage obligations
Available-for-sale Securities
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	2,116	2,706
12 months or more, Unrealized/Unrecognized Losses	(97)	(103)
Total, Estimated Fair Value	2,116	2,706
Total, Unrealized/Unrecognized Losses	(97)	(103)
Commercial mortgage-backed securities issued by government sponsored entities
Available-for-sale Securities
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	5,849	1,550
12 months or more, Unrealized/Unrecognized Losses	(25)	(31)
Total, Estimated Fair Value	5,849	1,550
Total, Unrealized/Unrecognized Losses	(25)	(31)
Commercial collateralized mortgage obligations
Available-for-sale Securities
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	0	0
12 months or more, Unrealized/Unrecognized Losses	0	0
Total, Estimated Fair Value	0	0
Total, Unrealized/Unrecognized Losses	0	0
CRA mutual fund
Available-for-sale Securities
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	2,110	2,108
12 months or more, Unrealized/Unrecognized Losses	(98)	(52)
Total, Estimated Fair Value	2,110	2,108
Total, Unrealized/Unrecognized Losses	$ (98)	$ (52)

LOANS (Schedule of Loan Receiva

LOANS (Schedule of Loan Receivables) (Details) - USD ($) $ in Thousands	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
Loans and Leases Receivable Disclosure [Line Items]
Loans	$ 1,867,349	$ 1,420,966
Deferred fees	(2,133)	(1,070)
Loans, net of deferred fees and unamortized costs	1,865,216	1,419,896
Allowance for loan losses	(18,942)	(14,887)	$ (11,815)
Net loans	1,846,274	1,405,009
Real estate
Loans and Leases Receivable Disclosure [Line Items]
Loans	1,378,867	1,036,370
Real estate | Commercial
Loans and Leases Receivable Disclosure [Line Items]
Loans	949,778	783,745
Allowance for loan losses	(9,037)	(7,136)	(5,206)
Real estate | Construction
Loans and Leases Receivable Disclosure [Line Items]
Loans	42,540	36,960
Allowance for loan losses	(625)	(519)	(409)
Real estate | Multifamily
Loans and Leases Receivable Disclosure [Line Items]
Loans	307,126	190,097
Allowance for loan losses	(2,047)	(1,156)	(620)
Real estate | One to four family
Loans and Leases Receivable Disclosure [Line Items]
Loans	79,423	25,568
Allowance for loan losses	(228)	(138)	(109)
Commercial and industrial
Loans and Leases Receivable Disclosure [Line Items]
Loans	381,692	340,001
Allowance for loan losses	(6,257)	(5,578)	(5,364)
Consumer
Loans and Leases Receivable Disclosure [Line Items]
Loans	106,790	44,595
Allowance for loan losses	$ (748)	$ (360)	$ (107)

LOANS (Schedule of Activity in

LOANS (Schedule of Activity in the Allowance for Loan Losses by Segment) (Details) - USD ($) $ in Thousands	3 Months Ended								12 Months Ended
	Dec. 31, 2018	Sep. 30, 2018	Jun. 30, 2018	Mar. 31, 2018	Dec. 31, 2017	Sep. 30, 2017	Jun. 30, 2017	Mar. 31, 2017	Dec. 31, 2018	Dec. 31, 2017
Allowance for Loan and Lease Losses [Roll Forward]
Beginning balance				$ 14,887				$ 11,815	$ 14,887	$ 11,815
Provision for loan losses	$ 844	$ (453)	$ 1,270	1,477	$ 3,499	$ 1,200	$ 1,790	570	3,138	7,059
Loans charged-off									(783)	(3,987)
Recoveries									1,700
Total ending allowance balance	18,942				14,887				18,942	14,887
Real estate | Commercial
Allowance for Loan and Lease Losses [Roll Forward]
Beginning balance				7,136				5,206	7,136	5,206
Provision for loan losses									1,978	1,930
Loans charged-off									(77)
Total ending allowance balance	9,037				7,136				9,037	7,136
Real estate | Construction
Allowance for Loan and Lease Losses [Roll Forward]
Beginning balance				519				409	519	409
Provision for loan losses									106	110
Total ending allowance balance	625				519				625	519
Real estate | Multifamily
Allowance for Loan and Lease Losses [Roll Forward]
Beginning balance				1,156				620	1,156	620
Provision for loan losses									891	536
Total ending allowance balance	2,047				1,156				2,047	1,156
Real estate | One to four family
Allowance for Loan and Lease Losses [Roll Forward]
Beginning balance				138				109	138	109
Provision for loan losses									90	29
Total ending allowance balance	228				138				228	138
Commercial and industrial
Allowance for Loan and Lease Losses [Roll Forward]
Beginning balance				5,578				5,364	5,578	5,364
Provision for loan losses									(717)	4,093
Loans charged-off									(304)	(3,879)
Recoveries									1,700
Total ending allowance balance	6,257				5,578				6,257	5,578
Consumer
Allowance for Loan and Lease Losses [Roll Forward]
Beginning balance				$ 360				$ 107	360	107
Provision for loan losses									790	361
Loans charged-off									(402)	(108)
Total ending allowance balance	$ 748				$ 360				$ 748	$ 360

LOANS (Schedule of Loans by Imp

LOANS (Schedule of Loans by Impairment Method) (Details) - USD ($) $ in Thousands	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
Loans and Leases Receivable Disclosure [Line Items]
Individually evaluated for impairment, Allowance for loan losses	$ 44	$ 86
Collectively evaluated for impairment, Allowance for loan losses	18,898	14,801
Total ending allowance balance	18,942	14,887	$ 11,815
Individually evaluated for impairment, Loans	1,550	6,089
Collectively evaluated for impairment, Loans	1,865,799	1,414,877
Total ending loan balance	1,867,349	1,420,966
Real estate
Loans and Leases Receivable Disclosure [Line Items]
Total ending loan balance	1,378,867	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	9,037	7,136
Total ending allowance balance	9,037	7,136	5,206
Individually evaluated for impairment, Loans	383	2,368
Collectively evaluated for impairment, Loans	949,395	781,377
Total ending loan balance	949,778	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	625	519
Total ending allowance balance	625	519	409
Individually evaluated for impairment, Loans	0	0
Collectively evaluated for impairment, Loans	42,540	36,960
Total ending loan balance	42,540	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	2,047	1,156
Total ending allowance balance	2,047	1,156	620
Individually evaluated for impairment, Loans	0	0
Collectively evaluated for impairment, Loans	307,126	190,097
Total ending loan balance	307,126	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	228	129
Total ending allowance balance	228	138	109
Individually evaluated for impairment, Loans	1,078	3,566
Collectively evaluated for impairment, Loans	78,345	22,002
Total ending loan balance	79,423	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	6,257	5,578
Total ending allowance balance	6,257	5,578	5,364
Individually evaluated for impairment, Loans	0	0
Collectively evaluated for impairment, Loans	381,692	340,001
Total ending loan balance	381,692	340,001
Consumer
Loans and Leases Receivable Disclosure [Line Items]
Individually evaluated for impairment, Allowance for loan losses	44	77
Collectively evaluated for impairment, Allowance for loan losses	704	283
Total ending allowance balance	748	360	$ 107
Individually evaluated for impairment, Loans	89	155
Collectively evaluated for impairment, Loans	106,701	44,440
Total ending loan balance	$ 106,790	$ 44,595

LOANS (Schedule of Impaired by

LOANS (Schedule of Impaired by Class of Loans) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017
With an allowance recorded:
Unpaid Principal Balance	$ 105	$ 841
Recorded Investment	89	711
Allowance for Loan Losses Allocated	44	86
Average Recorded Investment	268	3,566
Interest Income Recognized	7	29
Without an allowance recorded:
Unpaid Principal Balance	3,094	6,047
Recorded Investment	2,539	5,378
Average Recorded Investment	4,424	7,852
Interest Income Recognized	205	359
One to four family
With an allowance recorded:
Unpaid Principal Balance		0
Recorded Investment		0
Average Recorded Investment	111	2,928
Without an allowance recorded:
Unpaid Principal Balance	1,740	3,157
Recorded Investment	1,461	3,010
Average Recorded Investment	2,948	1,547
Interest Income Recognized	146	87
Real estate | Commercial
Without an allowance recorded:
Unpaid Principal Balance	1,355	2,890
Recorded Investment	1,078	2,368
Average Recorded Investment	1,477	5,367
Interest Income Recognized	59	229
Commercial and industrial
With an allowance recorded:
Average Recorded Investment		563
Interest Income Recognized		21
Without an allowance recorded:
Average Recorded Investment		938
Interest Income Recognized		43
Consumer
With an allowance recorded:
Unpaid Principal Balance	105	155
Recorded Investment	89	155
Allowance for Loan Losses Allocated	44	77
Average Recorded Investment	157	75
Interest Income Recognized	$ 7	$ 8

LOANS (Schedule of Non-accrual

LOANS (Schedule of Non-accrual Loans) (Details) - USD ($) $ in Thousands	Dec. 31, 2018	Dec. 31, 2017
Loans and Leases Receivable Disclosure [Line Items]
Nonaccrual	$ 50	$ 3,389
Loans Past Due Over 90 Days Still Accruing	239	0
Troubled Debt Restructurings	1,500	2,699
One to four family
Loans and Leases Receivable Disclosure [Line Items]
Troubled Debt Restructurings	1,078	1,119
Real estate | Commercial
Loans and Leases Receivable Disclosure [Line Items]
Nonaccrual	0	787
Loans Past Due Over 90 Days Still Accruing	0	0
Troubled Debt Restructurings	383	1,580
Real estate | One to four family
Loans and Leases Receivable Disclosure [Line Items]
Nonaccrual	0	2,447
Loans Past Due Over 90 Days Still Accruing	0	0
Commercial and industrial
Loans and Leases Receivable Disclosure [Line Items]
Nonaccrual	0	0
Loans Past Due Over 90 Days Still Accruing	239	0
Consumer
Loans and Leases Receivable Disclosure [Line Items]
Nonaccrual	50	155
Loans Past Due Over 90 Days Still Accruing	0	$ 0
Troubled Debt Restructurings	$ 39

LOANS (Schedule of Past Due Loa

LOANS (Schedule of Past Due Loans) (Details) - USD ($) $ in Thousands	Dec. 31, 2018	Dec. 31, 2017
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	$ 3,086	$ 2,175
Loans not Past Due	1,864,263	1,418,791
Loans	1,867,349	1,420,966
30 - 59 Days
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	2,659	1,070
60 - 89 Days
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	138	163
Greater than 90 days
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	289	942
Real estate
Financing Receivable, Recorded Investment, Past Due [Line Items]
Loans	1,378,867	1,036,370
Real estate | Commercial
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	0	1,623
Loans not Past Due	949,778	782,122
Loans	949,778	783,745
Real estate | Commercial | 30 - 59 Days
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	0	836
Real estate | Commercial | 60 - 89 Days
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	0	0
Real estate | Commercial | Greater than 90 days
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	0	787
Real estate | Construction
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	0	0
Loans not Past Due	42,540	36,960
Loans	42,540	36,960
Real estate | Construction | 30 - 59 Days
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	0	0
Real estate | Construction | 60 - 89 Days
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	0	0
Real estate | Construction | Greater than 90 days
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	0	0
Real estate | Multifamily
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	0	0
Loans not Past Due	307,126	190,097
Loans	307,126	190,097
Real estate | Multifamily | 30 - 59 Days
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	0	0
Real estate | Multifamily | 60 - 89 Days
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	0	0
Real estate | Multifamily | Greater than 90 days
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	0	0
Real estate | One to four family
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	870	0
Loans not Past Due	78,553	25,568
Loans	79,423	25,568
Real estate | One to four family | 30 - 59 Days
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	870	0
Real estate | One to four family | 60 - 89 Days
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	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
Commercial and industrial
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	2,004	227
Loans not Past Due	379,688	339,774
Loans	381,692	340,001
Commercial and industrial | 30 - 59 Days
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	1,670	85
Commercial and industrial | 60 - 89 Days
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	95	142
Commercial and industrial | Greater than 90 days
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	239	0
Consumer
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	212	325
Loans not Past Due	106,578	44,270
Loans	106,790	44,595
Consumer | 30 - 59 Days
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	119	149
Consumer | 60 - 89 Days
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	43	21
Consumer | Greater than 90 days
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	$ 50	$ 155

LOANS (Schedule of Loans by Ris

LOANS (Schedule of Loans by Risk Category) (Details) - USD ($) $ in Thousands	Dec. 31, 2018	Dec. 31, 2017
Loans and Leases Receivable Disclosure [Line Items]
Loans and Leases Receivable, Gross	$ 1,867,349	$ 1,420,966
Commercial Construction and Multifamily Real Estate Loans [Member]
Loans and Leases Receivable Disclosure [Line Items]
Loans and Leases Receivable, Gross	1,681,136	1,350,803
Commercial Construction and Multifamily Real Estate Loans [Member] | Pass
Loans and Leases Receivable Disclosure [Line Items]
Loans and Leases Receivable, Gross	1,679,257	1,336,242
Commercial Construction and Multifamily Real Estate Loans [Member] | Special Mention
Loans and Leases Receivable Disclosure [Line Items]
Loans and Leases Receivable, Gross	1,879	12,595
Commercial Construction and Multifamily Real Estate Loans [Member] | Substandard
Loans and Leases Receivable Disclosure [Line Items]
Loans and Leases Receivable, Gross		1,966
Real estate
Loans and Leases Receivable Disclosure [Line Items]
Loans and Leases Receivable, Gross	1,378,867	1,036,370
Real estate | Commercial
Loans and Leases Receivable Disclosure [Line Items]
Loans and Leases Receivable, Gross	949,778	783,745
Real estate | Commercial | Pass
Loans and Leases Receivable Disclosure [Line Items]
Loans and Leases Receivable, Gross	949,395	777,410
Real estate | Commercial | Special Mention
Loans and Leases Receivable Disclosure [Line Items]
Loans and Leases Receivable, Gross	383	4,369
Real estate | Commercial | Substandard
Loans and Leases Receivable Disclosure [Line Items]
Loans and Leases Receivable, Gross		1,966
Real estate | Construction
Loans and Leases Receivable Disclosure [Line Items]
Loans and Leases Receivable, Gross	42,540	36,960
Real estate | Construction | Pass
Loans and Leases Receivable Disclosure [Line Items]
Loans and Leases Receivable, Gross	41,044	36,960
Real estate | Construction | Special Mention
Loans and Leases Receivable Disclosure [Line Items]
Loans and Leases Receivable, Gross	1,496
Real estate | Multifamily
Loans and Leases Receivable Disclosure [Line Items]
Loans and Leases Receivable, Gross	307,126	190,097
Real estate | Multifamily | Pass
Loans and Leases Receivable Disclosure [Line Items]
Loans and Leases Receivable, Gross	307,126	190,097
Real estate | One to four family
Loans and Leases Receivable Disclosure [Line Items]
Loans and Leases Receivable, Gross	79,423	25,568
Commercial and industrial
Loans and Leases Receivable Disclosure [Line Items]
Loans and Leases Receivable, Gross	381,692	340,001
Commercial and industrial | Pass
Loans and Leases Receivable Disclosure [Line Items]
Loans and Leases Receivable, Gross	381,692	331,775
Commercial and industrial | Special Mention
Loans and Leases Receivable Disclosure [Line Items]
Loans and Leases Receivable, Gross		8,226
Consumer
Loans and Leases Receivable Disclosure [Line Items]
Loans and Leases Receivable, Gross	$ 106,790	$ 44,595

LOANS (Detail Textuals)

LOANS (Detail Textuals)	12 Months Ended
	Dec. 31, 2018USD ($)loan	Dec. 31, 2017USD ($)loan
Loans and Leases Receivable Disclosure [Line Items]
Total charge offs	$ 783,000	$ 3,987,000
Write down associated with taxi medallion loans		3,700,000
Recovered charged-off in taxi medallion loans	1,700,000
Interest income recorded for nonperforming loans	14,000	88,000
Interest income recognized for nonperforming loans	12,000	101,000
Loans modified in troubled debt restructurings	1,500,000	$ 2,700,000
Number of TDR loans during the period | loan		0
Specific reserves modified in troubled debt restructurings	19,000	$ 9,000
New loans modified as troubled debt restructurings	$ 0	0
Minimum
Loans and Leases Receivable Disclosure [Line Items]
Extended maturity period in modification of financing receivable	3 years
Maximum
Loans and Leases Receivable Disclosure [Line Items]
Extended maturity period in modification of financing receivable	5 years
Commercial and industrial
Loans and Leases Receivable Disclosure [Line Items]
Total charge offs	$ 304,000	3,879,000
Consumer
Loans and Leases Receivable Disclosure [Line Items]
Total charge offs	402,000	$ 108,000
Loans modified in troubled debt restructurings	$ 39,000
Number of TDR loans during the period | loan	1

PREMISES AND EQUIPMENT (Schedul

PREMISES AND EQUIPMENT (Schedule of Premises and equipment) (Details) - USD ($) $ in Thousands	Dec. 31, 2018	Dec. 31, 2017
Property, Plant and Equipment [Line Items]
Total Premises and Equipment	$ 20,160	$ 18,196
Less accumulated depreciation and amortization	(13,283)	(11,928)
Total Premises and Equipment, net	6,877	6,268
Furniture and Equipment
Property, Plant and Equipment [Line Items]
Total Premises and Equipment	8,773	7,376
Leasehold Improvements
Property, Plant and Equipment [Line Items]
Total Premises and Equipment	$ 11,387	$ 10,820

PREMISES AND EQUIPMENT (Sched_2

PREMISES AND EQUIPMENT (Schedule of Premises and equipment) (Parenthetical) (Details)	12 Months Ended
	Dec. 31, 2018
Minimum
Property, Plant and Equipment [Line Items]
Premises and equipment useful life	3 years
Maximum
Property, Plant and Equipment [Line Items]
Premises and equipment useful life	10 years
Furniture and Equipment | Minimum
Property, Plant and Equipment [Line Items]
Premises and equipment useful life	3 years
Furniture and Equipment | Maximum
Property, Plant and Equipment [Line Items]
Premises and equipment useful life	7 years
Leasehold Improvements | Minimum
Property, Plant and Equipment [Line Items]
Premises and equipment useful life	3 years
Leasehold Improvements | Maximum
Property, Plant and Equipment [Line Items]
Premises and equipment useful life	10 years

PREMISES AND EQUIPMENT (Detail

PREMISES AND EQUIPMENT (Detail Textuals) - USD ($)	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017
Property, Plant and Equipment [Abstract]
Depreciation and amortization expense	$ 1,360,000	$ 978,000

DEPOSITS (Schedule of Deposits)

DEPOSITS (Schedule of Deposits) (Details) - USD ($) $ in Thousands	Dec. 31, 2018	Dec. 31, 2017
Deposits [Abstract]
Noninterest bearing demand accounts	$ 798,563	$ 812,616
Money market	745,040	484,470
Savings accounts	19,950	27,024
Time Deposits
Time deposits under $100,000	7,045	73,437
Time deposits $100,000 and over	89,956	6,808
Total deposits	$ 1,660,554	$ 1,404,355

DEPOSITS (Detail Textuals)

DEPOSITS (Detail Textuals) - USD ($) $ in Millions	Dec. 31, 2018	Dec. 31, 2017
Deposits [Abstract]
Time deposits greater than $250,000	$ 64.6	$ 38.8

DEPOSITS (schedule maturities o

DEPOSITS (schedule maturities of time deposits) (Details) $ in Thousands	Dec. 31, 2018USD ($)
Deposits [Abstract]
2019	$ 66,031
2020	22,955
2021	7,138
2022	435
2023	442
Total time deposits	$ 97,001

BORROWINGS (Advances from the F

BORROWINGS (Advances from the FHLB) (Details) - USD ($) $ in Thousands	Dec. 31, 2018	Dec. 31, 2017
Federal Home Loan Bank, Advances [Line Items]
Federal Home Loan Bank of New York advances	$ 185,000	$ 42,198
Maturing in 2019, fixed rate at rates from 2.47% to 2.73%, weighted averaging 2.64%
Federal Home Loan Bank, Advances [Line Items]
Federal Home Loan Bank of New York advances	$ 185,000
Matured in 2018, fixed rate at rates from 1.21% to 3.23%, weighted averaging 1.53%
Federal Home Loan Bank, Advances [Line Items]
Federal Home Loan Bank of New York advances		$ 42,198

BORROWINGS (Advances from the_2

BORROWINGS (Advances from the FHLB) (Parenthetical) (Details)	Dec. 31, 2018
Maturing in 2019, fixed rate at rates from 2.47% to 2.73%, weighted averaging 2.64% | Minimum
Federal Home Loan Bank, Advances [Line Items]
Interest rate for Federal Home Loan Bank advances	2.47%
Maturing in 2019, fixed rate at rates from 2.47% to 2.73%, weighted averaging 2.64% | Maximum
Federal Home Loan Bank, Advances [Line Items]
Interest rate for Federal Home Loan Bank advances	2.73%
Maturing in 2019, fixed rate at rates from 2.47% to 2.73%, weighted averaging 2.64% | Weighted Average
Federal Home Loan Bank, Advances [Line Items]
Weighted average interest rate for Federal Home Loan Bank advances	2.64%
Matured in 2018, fixed rate at rates from 1.21% to 3.23%, weighted averaging 1.53% | Minimum
Federal Home Loan Bank, Advances [Line Items]
Interest rate for Federal Home Loan Bank advances	1.21%
Matured in 2018, fixed rate at rates from 1.21% to 3.23%, weighted averaging 1.53% | Maximum
Federal Home Loan Bank, Advances [Line Items]
Interest rate for Federal Home Loan Bank advances	3.23%
Matured in 2018, fixed rate at rates from 1.21% to 3.23%, weighted averaging 1.53% | Weighted Average
Federal Home Loan Bank, Advances [Line Items]
Weighted average interest rate for Federal Home Loan Bank advances	1.53%

BORROWINGS (Schedule of FHLB ad

BORROWINGS (Schedule of FHLB advances mature over the next five years and thereafter) (Details) - USD ($) $ in Thousands	Dec. 31, 2018	Dec. 31, 2017
Federal Home Loan Bank, Advances, Fiscal Year Maturity [Abstract]
2019	$ 185,000
Total	$ 185,000	$ 42,198

BORROWINGS (Detail Textuals)

BORROWINGS (Detail Textuals) - USD ($)	Mar. 08, 2017	Jul. 14, 2006	Dec. 07, 2005	Dec. 31, 2018	Dec. 31, 2017
Federal Home Loan Bank, Advances [Line Items]
FHLB advances, pledged as collateral				$ 249,700,000	$ 263,400,000
Available collateral to borrow an additional amount from FHLB				$ 64,700,000
Subordinated Debt
Federal Home Loan Bank, Advances [Line Items]
Aggregate principal amount of debentures	$ 25,000,000
Maturity date	Mar. 15, 2027
Interest rate	6.25%
Description of periodic payment	semi-annually 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
Redemption price, percentage	100.00%
Subordinated Debt | London Interbank Offered Rate (LIBOR)
Federal Home Loan Bank, Advances [Line Items]
Basis spread on LIBOR variable rate	4.26%
Junior Subordinated Debt [Member]
Federal Home Loan Bank, Advances [Line Items]
Description of periodic payment				20 consecutive quarterly payments
Period for periodic payment				5 years
Metbank Capital Trust I [Member]
Federal Home Loan Bank, Advances [Line Items]
Investment in common securities of the trust			$ 310,000
Trust preferred securities issued			10,000,000
Metbank Capital Trust I [Member] | Junior Subordinated Debt [Member]
Federal Home Loan Bank, Advances [Line Items]
Aggregate principal amount of debentures			$ 10,000,000
Maturity date			Dec. 9, 2035
Interest rate			6.82%
Term of interest rate			5 years
Description of LIBOR rate			3-month LIBOR
Callable period			5 years
Interest rate during period				4.66%	3.21%
Metbank Capital Trust I [Member] | Junior Subordinated Debt [Member] | London Interbank Offered Rate (LIBOR)
Federal Home Loan Bank, Advances [Line Items]
Basis spread on LIBOR variable rate			1.85%
Metbank Capital Trust Two [Member]
Federal Home Loan Bank, Advances [Line Items]
Investment in common securities of the trust		$ 310,000
Trust preferred securities issued		10,000,000
Metbank Capital Trust Two [Member] | Junior Subordinated Debt [Member]
Federal Home Loan Bank, Advances [Line Items]
Aggregate principal amount of debentures		$ 10,000,000
Maturity date		Oct. 7, 2036
Interest rate		7.61%
Term of interest rate		5 years
Description of LIBOR rate		3-month LIBOR
Callable period		5 years
Interest rate during period				4.81%	3.36%
Metbank Capital Trust Two [Member] | Junior Subordinated Debt [Member] | London Interbank Offered Rate (LIBOR)
Federal Home Loan Bank, Advances [Line Items]
Basis spread on LIBOR variable rate		2.00%

INCOME TAXES (Schedule of Incom

INCOME TAXES (Schedule of Income tax expense) (Details) - USD ($) $ in Thousands	3 Months Ended								12 Months Ended
	Dec. 31, 2018	Sep. 30, 2018	Jun. 30, 2018	Mar. 31, 2018	Dec. 31, 2017	Sep. 30, 2017	Jun. 30, 2017	Mar. 31, 2017	Dec. 31, 2018	Dec. 31, 2017
Current
Federal									$ 7,990	$ 7,920
State and local									4,762	2,499
Total current									12,752	10,419
Deferred
Federal									(896)	1,045
State and local									(635)	(255)
Total deferred									(1,531)	790
Total income tax expense	$ 2,418	$ 3,348	$ 2,634	$ 2,822	$ 5,216	$ 2,562	$ 1,757	$ 1,674	$ 11,221	$ 11,209

INCOME TAXES (Schedule of Defer

INCOME TAXES (Schedule of Deferred tax assets and liabilities) (Details) - USD ($) $ in Thousands	Dec. 31, 2018	Dec. 31, 2017
Deferred tax assets:
Allowance for loan losses	$ 5,893	$ 4,583
Interest on nonaccrual loans	28	28
Off balance sheet reserves	127	110
Restricted stock	167	153
Tangible asset	20	23
Non-qualified stock options	290	183
Net unrealized loss on securities available for sale	172	86
Total gross deferred tax assets	6,697	5,166
Deferred tax liabilities:
Depreciation and amortization	392	574
Prepaid assets	255	159
Total gross deferred tax liabilities	647	733
Net deferred tax asset, included in other assets	$ 6,050	$ 4,433

INCOME TAXES (Reconciliation of

INCOME TAXES (Reconciliation of statutory federal income tax rate) (Details) - USD ($)	3 Months Ended								12 Months Ended
	Dec. 31, 2018	Sep. 30, 2018	Jun. 30, 2018	Mar. 31, 2018	Dec. 31, 2017	Sep. 30, 2017	Jun. 30, 2017	Mar. 31, 2017	Dec. 31, 2018	Dec. 31, 2017
Income Tax Disclosure [Abstract]
Pretax income at statutory, amount									$ 7,723	$ 8,252
Pretax income at statutory rates									21.00%	35.00%
State and local taxes, net of federal income tax benefit, amount									$ 3,260,000	$ 1,459,000
State and local taxes, net of federal income tax benefit, rate									8.87%	6.19%
Nondeductible expenses, amount									$ 327,000	$ 21,000
Nondeductible expenses, rate									0.89%	0.09%
Stock options, amount										$ (113,000)
Stock options, rate										(0.48%)
Excess tax deduction on equity awards, amount									$ (83,000)
Excess tax deduction on equity awards, rate									(0.23%)
Tax-exempt income, net amount									$ (6,000)	$ (10,000)
Tax-exempt income, net rate									(0.02%)	(0.04%)
Impact of U.S. tax reform (the Tax Act), amount										$ 1,581,000
Impact of U.S. tax reform (the Tax Act), rate										6.71%
Other, amount										$ 19,000
Other, rate										0.08%
Effective income tax expense, amount	$ 2,418,000	$ 3,348,000	$ 2,634,000	$ 2,822,000	$ 5,216,000	$ 2,562,000	$ 1,757,000	$ 1,674,000	$ 11,221,000	$ 11,209,000
Effective income tax expense, rate									30.51%	47.55%

INCOME TAXES (Detail Textual)

INCOME TAXES (Detail Textual) - USD ($)	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017	Mar. 31, 2018
Income Tax Disclosure [Abstract]
Effective Income Tax Rate Reconciliation, at Federal Statutory Income Tax Rate, Percent	21.00%	35.00%
U.S. tax expense	$ 1,600,000
Unrecognized tax benefits	$ 0	$ 0	$ 0

RELATED PARTY TRANSACTIONS (Det

RELATED PARTY TRANSACTIONS (Detail Textuals) - USD ($)	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
Executive Officer [Member] | Promissory Note [Member]
Debt Instrument [Line Items]
Face amount of note payable to related party			$ 780,000
Interest rate			2.125%
Description of LIBOR rate	5-year LIBOR rate in effect on the note date, plus 100 basis points
Basis spread on LIBOR variable rate	1.00%
Maturity date	Aug. 15, 2021
Outstanding balance of note payable to related party	$ 780,000	$ 780,000
Pasl Holding Llc [Member]
Debt Instrument [Line Items]
Bank incurred legal fees	61,000	101,000
Pasl Holding Llc [Member] | Principal Officers, Directors, And Their Affiliates [Member]
Debt Instrument [Line Items]
Deposits from related parties	$ 1,900,000	$ 3,200,000

COMMITMENTS AND CONTINGENCIES_2

COMMITMENTS AND CONTINGENCIES (Future minimum rental payments required) (Details) $ in Thousands	Dec. 31, 2018USD ($)
Commitments and Contingencies Disclosure [Abstract]
2019	$ 2,699
2020	2,682
2021	2,146
2022	2,076
2023	1,564
Thereafter (and through 2035)	4,981
Total minimum lease payments	$ 16,148

COMMITMENTS AND CONTINGENCIES_3

COMMITMENTS AND CONTINGENCIES (Detail Textuals) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017
Commitments and Contingencies Disclosure [Abstract]
Rental expense	$ 2.7	$ 2.4

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	Dec. 31, 2018	Dec. 31, 2017
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value	$ 37,120	$ 37,585
Amount of transfers of assets measured on a recurring basis out of Level 1 of the fair value hierarchy into Level 2	0	0
Amount of transfers of assets measured on a recurring basis out of Level 2 of the fair value hierarchy into Level 1	0	0
Fair value assets measured at fair value on a non re-curring basis	0	0
Carrying Amount | Residential mortgage-backed securities | Fair Value, Measurements, Recurring [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value	21,397	24,684
Carrying Amount | Residential collateralized mortgage obligation | Fair Value, Measurements, Recurring [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value	2,116	2,706
Carrying Amount | Commercial mortgage-backed securities issued by government sponsored entities | Fair Value, Measurements, Recurring [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value	5,849	1,550
Carrying Amount | Municipal bond | Fair Value, Measurements, Recurring [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value	1,077	1,109
Carrying Amount | CRA mutual fund | Fair Value, Measurements, Recurring [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value	2,110	2,108
Fair Value, Inputs, Level 1 | Residential mortgage-backed securities | Fair Value, Measurements, Recurring [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value	0	0
Fair Value, Inputs, Level 1 | Residential collateralized mortgage obligation | Fair Value, Measurements, Recurring [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value	0	0
Fair Value, Inputs, Level 1 | Municipal bond | Fair Value, Measurements, Recurring [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value	0	0
Fair Value, Inputs, Level 1 | CRA mutual fund | Fair Value, Measurements, Recurring [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value	2,110	2,108
Fair Value, Inputs, Level 2 | Residential mortgage-backed securities | Fair Value, Measurements, Recurring [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value	21,397	24,684
Fair Value, Inputs, Level 2 | Residential collateralized mortgage obligation | Fair Value, Measurements, Recurring [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value	2,116	2,706
Fair Value, Inputs, Level 2 | Commercial mortgage-backed securities issued by government sponsored entities | Fair Value, Measurements, Recurring [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value	5,849	1,550
Fair Value, Inputs, Level 2 | Municipal bond | Fair Value, Measurements, Recurring [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value	1,077	1,109
Fair Value, Inputs, Level 2 | CRA mutual fund | Fair Value, Measurements, Recurring [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value	0	0
Fair Value, Inputs, Level 3 | Residential mortgage-backed securities | Fair Value, Measurements, Recurring [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value	0	0
Fair Value, Inputs, Level 3 | Residential collateralized mortgage obligation | Fair Value, Measurements, Recurring [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value	0	0
Fair Value, Inputs, Level 3 | Municipal bond | Fair Value, Measurements, Recurring [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value	0	0
Fair Value, Inputs, Level 3 | CRA mutual fund | Fair Value, Measurements, Recurring [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value	$ 0	$ 0

FAIR VALUE OF FINANCIAL INSTR_4

FAIR VALUE OF FINANCIAL INSTRUMENTS (Carrying Amount and Estimated Fair Values of Financial Instruments) (Details) - USD ($) $ in Thousands	Dec. 31, 2018	Dec. 31, 2017
Financial assets:
Securities available for sale	$ 32,549	$ 32,157
Securities held to maturity	4,403	5,330
Other investments
FRB Stock	7,300	3,900
FHLB Stock	9,500	2,800
Financial liabilities:
Federal Home Loan Bank of New York advances	185,000	42,198
Carrying Amount
Financial assets:
Cash and due from banks	9,246	6,790
Overnight deposits	223,704	254,441
Securities available for sale	32,549	32,157
Securities held to maturity	4,571	5,428
Loans, net	1,846,274	1,405,009
Other investments
FRB Stock	7,250	3,911
FHLB Stock	9,537	2,766
SBA Loan Fund	5,000	5,000
Disability Opportunity Fund	500
Certificates of deposit		2,000
Accrued interest receivable	5,507	4,421
Financial liabilities:
Deposits without stated maturities	1,563,553	1,324,110
Deposits with stated maturities	97,001	80,245
Federal Home Loan Bank of New York advances	185,000	42,198
Trust preferred securities payable	20,620	20,620
Subordinated debt, net of issuance cost	24,545	24,489
Accrued interest payable	1,282	749
Total Fair Value
Financial assets:
Cash and due from banks	9,246	6,790
Overnight deposits	223,704	254,441
Securities available for sale	32,549	32,157
Securities held to maturity	4,403	5,330
Loans, net	1,796,462	1,410,860
Other investments
Disability Opportunity Fund	500
Certificates of deposit		2,000
Accrued interest receivable	5,507	4,421
Financial liabilities:
Deposits without stated maturities	1,563,553	1,324,110
Deposits with stated maturities	96,859	80,079
Federal Home Loan Bank of New York advances	184,999	42,188
Trust preferred securities payable	19,821	19,997
Subordinated debt, net of issuance cost	25,125	25,500
Accrued interest payable	1,282	749
Fair Value, Inputs, Level 1 | Total Fair Value
Financial assets:
Cash and due from banks	9,246	6,790
Overnight deposits	223,704	254,441
Securities available for sale	2,110	2,108
Securities held to maturity	0	0
Loans, net	0	0
Other investments
Certificates of deposit		2,000
Accrued interest receivable	0	11
Financial liabilities:
Deposits without stated maturities	1,563,553	1,324,110
Deposits with stated maturities	0	0
Federal Home Loan Bank of New York advances		0
Trust preferred securities payable	0	0
Subordinated debt, net of issuance cost	0
Accrued interest payable	13	27
Fair Value, Inputs, Level 2 | Total Fair Value
Financial assets:
Cash and due from banks	0	0
Securities available for sale	30,439	30,049
Securities held to maturity	4,403	5,330
Loans, net	0	0
Other investments
Disability Opportunity Fund	500
Accrued interest receivable	127	116
Financial liabilities:
Deposits without stated maturities	0	0
Deposits with stated maturities	96,859	80,079
Federal Home Loan Bank of New York advances	184,999	42,188
Trust preferred securities payable	0	0
Subordinated debt, net of issuance cost	25,125	25,500
Accrued interest payable	1,044	258
Fair Value, Inputs, Level 3 | Total Fair Value
Financial assets:
Cash and due from banks	0	0
Securities available for sale	0	0
Securities held to maturity	0	0
Loans, net	1,796,462	1,410,860
Other investments
Accrued interest receivable	5,380	4,294
Financial liabilities:
Deposits without stated maturities	0	0
Deposits with stated maturities	0	0
Federal Home Loan Bank of New York advances		0
Trust preferred securities payable	19,821	19,997
Subordinated debt, net of issuance cost	0
Accrued interest payable	$ 225	$ 464

STOCKHOLDERS' EQUITY (Detail Te

STOCKHOLDERS' EQUITY (Detail Textuals) - USD ($) $ / shares in Units, $ in Thousands	Nov. 10, 2017	Dec. 31, 2018	Dec. 31, 2017
Stockholders Equity Note [Line Items]
Proceeds from issuance of common stock, net of direct offering cost			$ 114,773
Restricted common stock vested		31,134	16,973
Class B Preferred Stock
Stockholders Equity Note [Line Items]
Preferred stock, par value		$ 0.01	$ 0.01
Common Stock
Stockholders Equity Note [Line Items]
Number of common stock shares issued			3,565,000
Proceeds from issuance of common stock, net of direct offering cost	$ 115,000
Common Stock | IPO
Stockholders Equity Note [Line Items]
Number of common stock shares issued	3,100,000
Sale of common stock (per share)	$ 35
Common Stock | Over-Allotment
Stockholders Equity Note [Line Items]
Number of common stock shares issued	465,000
Sale of common stock (per share)	$ 35

STOCK COMPENSATION PLAN (Summar

STOCK COMPENSATION PLAN (Summary of the Status of the Stock Option Plan) (Details)	12 Months Ended
	Dec. 31, 2018USD ($)$ / sharesshares
Number of Options
Outstanding, beginning of year | shares	271,500
Exercised | shares	(30,000)
Cancelled/forfeited | shares	(10,500)
Outstanding, end of year | shares	231,000
Options vested and exercisable at year-end | shares	231,000
Weighted Average Exercise Price
Outstanding, beginning of year | $ / shares	$ 19.79
Exercised | $ / shares	30
Cancelled/forfeited | $ / shares	30
Outstanding, end of year | $ / shares	18
Options vested and exercisable at year-end | $ / shares	$ 18
Aggregate intrinsic value of options outstanding at end of year | $	$ 2,968,365
Weighted average remaining contractual life (years)	5 years 4 months 17 days

STOCK COMPENSATION PLAN (Summ_2

STOCK COMPENSATION PLAN (Summary of Stock Options Outstanding) (Details)	12 Months Ended
	Dec. 31, 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 4 months 17 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
$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	231,000
Weighted Average Remaining Contractual Life	5 years 4 months 17 days
Weighted Average Exercise Price	$ 18

STOCK COMPENSATION PLAN (Summ_3

STOCK COMPENSATION PLAN (Summary of Stock Options Exercised) (Details) - USD ($)	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Cash received from exercises	$ 360,000	$ 135,000
Stock option
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Intrinsic value of exercises	227,910	47,950
Cash received from exercises	$ 360,000	$ 135,000

STOCK COMPENSATION PLAN (Summ_4

STOCK COMPENSATION PLAN (Summary of Non-Vested Restricted Stock Awards) (Details) - $ / shares	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number of Shares [Roll Forward]
Number of shares, Vested	(31,134)	(16,973)
Restricted stock
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number of Shares [Roll Forward]
Number of shares, Outstanding, beginning of period	76,104	64,638
Number of shares, Granted	8,987	31,606
Number of shares, Forfeited	0	(3,167)
Number of shares, Vested	(31,134)	(16,973)
Number of shares, Outstanding at end of period	53,957	76,104
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Weighted Average Grant Date Fair Value [Abstract]
Weighted Average Grant Date fair Value, January 1, 2018	$ 20.61	$ 20.42
Weighted Average Grant Date fair Value, Granted	48.99	21
Weighted Average Grant Date fair Value, Forfeited	0	18
Weighted Average Grant Date fair Value, Vested	27.33	18
Weighted Average Grant Date fair Value, December 31, 2018	$ 21.46	$ 20.61

STOCK COMPENSATION PLAN (Summ_5

STOCK COMPENSATION PLAN (Summary of Performance Based Stock Awards) (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2018USD ($)shares
Maximum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Aggregate share payout	90,000
Minimum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Aggregate share payout	12,000
Performance Restricted Share Units ("Prsus")
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Performance period (in years)	3 years
Weighted average service inception date fair value of award shares | $	$ 4,064,295
Likely aggregate share payout	90,000
Compensation expense recognized | $	$ 1,265,278

STOCK COMPENSATION PLAN (Detail

STOCK COMPENSATION PLAN (Detail Textuals) - USD ($)	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2013
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Non-vested stock compensation cost	$ 0	$ 0
Number of shares, Vested	31,134	16,973
Equity Incentive Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based payment award, description	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% shareholder, 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% shareholder, the exercise period shall not exceed five years from the date of grant.
Share-based payment award, shares authorized, maximum	423,000
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 | Maximum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based payment award, exercise period from the grant date	5 years
Restricted stock
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based payment award, shares authorized, maximum	735,142	823,629
Unrecognized compensation cost related to non-vested stock options	$ 565,000
Compensation cost related to stock award plan	$ 445,156	$ 412,000
Number of additional shares authorized			760,000	300,000
Number of shares issued	8,987	31,606
Unrecognized compensation expense recognition period	2 years 4 months 24 days
Number of shares, Vested	31,134	16,973
Fair value of shares vested	$ 1,300,000	$ 725,000
Restricted stock | Non-employee directors
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Compensation cost related to stock award plan	$ 440,000	$ 0

EMPLOYEE BENEFIT PLAN (Detail T

EMPLOYEE BENEFIT PLAN (Detail Textuals) - USD ($)	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017
Retirement Benefits [Abstract]
Employer discretionary contribution amount	$ 405,000	$ 334,000

FINANCIAL INSTRUMENTS WITH OF_3

FINANCIAL INSTRUMENTS WITH OFF-BALANCE-SHEET RISK (Outstanding following off-balance-sheet financial instruments) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Fixed Rate	$ 42,088	$ 63,392
Variable Rate	130,547	76,008
Undrawn lines of credit
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Fixed Rate	7,737	39,651
Variable Rate	130,547	76,008
Letters of credit
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Fixed Rate	34,351	23,741
Variable Rate	$ 0	$ 0

FINANCIAL INSTRUMENTS WITH OF_4

FINANCIAL INSTRUMENTS WITH OFF-BALANCE-SHEET RISK (Detail Textual) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Amount of off-balance-sheet financial instruments	$ 42,088	$ 63,392
Minimum
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Fixed interest rate off-balance-sheet financial instruments	3.00%	3.50%
Maximum
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Fixed interest rate off-balance-sheet financial instruments	5.60%	9.50%
Commitments term	2 years
Letters of credit
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Amount of off-balance-sheet financial instruments	$ 34,351	$ 23,741
Amount of off-balance-sheet financial instruments collateral received	$ 23,000	$ 21,200

REGULATORY CAPITAL (Summary of

REGULATORY CAPITAL (Summary of actual capital amounts and ratios) (Details) - USD ($) $ in Thousands	Dec. 31, 2018	Dec. 31, 2017
Compliance with Regulatory Capital Requirements under Banking Regulations [Line Items]
Total capital (to risk-weighted assets), Actual Amount	$ 319,053	$ 287,039
Total capital (to risk-weighted assets), Actual Ratio	16.90%	19.90%
Total capital (to risk-weighted assets), For Capital Adequacy Amount	$ 151,053	$ 115,636
Total capital (to risk-weighted assets), For Capital Adequacy Ratio	8.00%	8.00%
Tier 1 common equity (to risk-weighted assets), Actual Amount	$ 249,655	$ 221,803
Tier 1 common equity (to risk-weighted assets), Actual Ratio	13.20%	15.30%
Tier 1 common equity (to risk-weighted assets), For Capital Adequacy Amount	$ 84,968	$ 65,045
Tier 1 common equity (to risk-weighted assets), For Capital Adequacy Ratio	4.50%	4.50%
Tier 1 capital (to risk-weighted assets), Actual Amount	$ 275,158	$ 247,305
Tier 1 capital (to risk-weighted assets), Actual Ratio	14.60%	17.10%
Tier 1 capital (to risk-weighted assets), For Capital Adequacy Amount	$ 113,290	$ 86,726
Tier 1 capital (to risk-weighted assets), For Capital Adequacy Ratio	6.00%	6.00%
Tier 1 capital (to average assets), Actual Amount	$ 275,158	$ 247,305
Tier 1 capital (to average assets), Actual Ratio	13.70%	13.70%
Tier 1 capital (to average assets), For Capital Adequacy Amount	$ 80,244	$ 72,206
Tier 1 capital (to average assets), For Capital Adequacy Ratio	4.00%	4.00%
Metropolitan Commercial Bank
Compliance with Regulatory Capital Requirements under Banking Regulations [Line Items]
Total capital (to risk-weighted assets), Actual Amount	$ 314,226	$ 280,317
Total capital (to risk-weighted assets), Actual Ratio	16.70%	19.40%
Total capital (to risk-weighted assets), For Capital Adequacy Amount	$ 150,900	$ 115,523
Total capital (to risk-weighted assets), For Capital Adequacy Ratio	8.00%	8.00%
Total capital (to risk-weighted assets), To be Well Capitalized under Prompt Corrective Action Regulations Amount	$ 188,625	$ 144,403
Total capital (to risk-weighted assets), To be Well Capitalized under Prompt Corrective Action Regulations Ratio	10.00%	10.00%
Tier 1 common equity (to risk-weighted assets), Actual Amount	$ 294,880	$ 265,076
Tier 1 common equity (to risk-weighted assets), Actual Ratio	15.60%	18.40%
Tier 1 common equity (to risk-weighted assets), For Capital Adequacy Amount	$ 84,881	$ 64,981
Tier 1 common equity (to risk-weighted assets), For Capital Adequacy Ratio	4.50%	4.50%
Tier 1 common equity (to risk-weighted assets), To be Well Capitalized under Prompt Corrective Action Regulations Amount	$ 122,606	$ 93,862
Tier 1 common equity (to risk-weighted assets), To be Well Capitalized under Prompt Corrective Action Regulations Ratio	6.50%	6.50%
Tier 1 capital (to risk-weighted assets), Actual Amount	$ 294,880	$ 265,076
Tier 1 capital (to risk-weighted assets), Actual Ratio	15.60%	18.40%
Tier 1 capital (to risk-weighted assets), For Capital Adequacy Amount	$ 113,175	$ 86,642
Tier 1 capital (to risk-weighted assets), For Capital Adequacy Ratio	6.00%	6.00%
Tier 1 capital (to risk-weighted assets), To be Well Capitalized under Prompt Corrective Action Regulations Amount	$ 150,900	$ 115,523
Tier 1 capital (to risk-weighted assets), To be Well Capitalized under Prompt Corrective Action Regulations Ratio	8.00%	8.00%
Tier 1 capital (to average assets), Actual Amount	$ 294,880	$ 265,076
Tier 1 capital (to average assets), Actual Ratio	14.70%	14.70%
Tier 1 capital (to average assets), For Capital Adequacy Amount	$ 80,050	$ 72,099
Tier 1 capital (to average assets), For Capital Adequacy Ratio	4.00%	4.00%
Tier 1 capital (to average assets), To be Well Capitalized under Prompt Corrective Action Regulations Amount	$ 100,063	$ 90,124
Tier 1 capital (to average assets), To be Well Capitalized under Prompt Corrective Action Regulations Ratio	5.00%	5.00%

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								12 Months Ended
	Dec. 31, 2018	Sep. 30, 2018	Jun. 30, 2018	Mar. 31, 2018	Dec. 31, 2017	Sep. 30, 2017	Jun. 30, 2017	Mar. 31, 2017	Dec. 31, 2018	Dec. 31, 2017
Basic
Net income per consolidated statements of income	$ 6,285	$ 7,113	$ 5,865	$ 6,291	$ 3,326	$ 3,845	$ 2,651	$ 2,548	$ 25,554	$ 12,369
Less: Dividends paid to preferred shareholders									0	0
Less: Earnings allocated to participating securities									(168)	(183)
Net income available to common stockholder									$ 25,386	$ 12,186
Weighted average common shares outstanding including participating securities									8,200,705	5,147,149
Less: Weighted average participating securities									(67,152)	(76,104)
Weighted average common shares outstanding									8,133,553	5,071,045
Basic earnings per common share	$ 0.77	$ 0.87	$ 0.72	$ 0.77	$ 0.50	$ 0.83	$ 0.57	$ 0.55	$ 3.12	$ 2.40
Diluted
Net income allocated to common shareholders									$ 25,386	$ 12,186
Weighted average common shares outstanding for basic earnings per common share									8,133,553	5,071,045
Average shares and dilutive potential common shares									8,288,524	5,202,234
Dilutive earnings per commons share	$ 0.75	$ 0.85	$ 0.70	$ 0.75	$ 0.49	$ 0.82	$ 0.57	$ 0.55	$ 3.06	$ 2.34
Stock option
Diluted
Dilutive effects of assumed exercise of stock options/vesting of performance based restricted stock									137,089	131,189
Restricted stock
Diluted
Dilutive effects of assumed exercise of stock options/vesting of performance based restricted stock									17,882

EARNINGS PER COMMON SHARE (Deta

EARNINGS PER COMMON SHARE (Detail Textuals) - shares	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017
Earnings Per Share [Abstract]
Number of antidilutive shares not considered in computing diluted earnings per share	0	0

PARENT COMPANY FINANCIAL INFO_3

PARENT COMPANY FINANCIAL INFORMATION (Condensed Balance Sheets) (Details) - USD ($) $ in Thousands	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
Assets
Cash and due from banks	$ 9,246	$ 6,790
Loans, net of allowance for loan losses	1,846,274	1,405,009
Total assets	2,182,644	1,759,855
Liabilities and Stockholders' Equity
Trust preferred securities	20,620	20,620
Subordinated debt payable, net of issuance costs	24,545	24,489
Other liabilities	7,687	8,882
Total liabilities	1,918,127	1,522,971
Stockholders' equity:
Preferred stock	3	3
Common stock	82	81
Surplus	213,490	211,145
Retained earnings	51,415	25,861
Accumulated other comprehensive loss, net of tax	(473)	(206)
Total equity	264,517	236,884	$ 109,491
Total liabilities and stockholders' equity	2,182,644	1,759,855
Parent Company
Assets
Cash and due from banks	3,547	6,761
Loans, net of allowance for loan losses	776	776
Investments	620	620
Investment in subsidiary bank, at equity	304,141	274,190
Other assets	1,380	596
Total assets	310,464	282,943
Liabilities and Stockholders' Equity
Trust preferred securities	20,620	20,620
Subordinated debt payable, net of issuance costs	24,545	24,489
Other liabilities	782	950
Total liabilities	45,947	46,059
Stockholders' equity:
Preferred stock	3	3
Common stock	82	81
Surplus	213,490	211,145
Retained earnings	51,415	25,861
Accumulated other comprehensive loss, net of tax	(473)	(206)
Total equity	264,517	236,884
Total liabilities and stockholders' equity	$ 310,464	$ 282,943

PARENT COMPANY FINANCIAL INFO_4

PARENT COMPANY FINANCIAL INFORMATION (Condensed Statements of Income) (Details) - USD ($) $ in Thousands	3 Months Ended								12 Months Ended
	Dec. 31, 2018	Sep. 30, 2018	Jun. 30, 2018	Mar. 31, 2018	Dec. 31, 2017	Sep. 30, 2017	Jun. 30, 2017	Mar. 31, 2017	Dec. 31, 2018	Dec. 31, 2017
Income:
Loan									$ 77,342	$ 57,186
Securities and money market funds									339	315
Total interest income	$ 23,342	$ 21,907	$ 19,998	$ 18,693	$ 17,935	$ 16,401	$ 14,047	$ 12,441	83,945	60,864
Interest expense:
Trust preferred securities payable									846	636
Subordinated debt interest expense									1,619	1,322
Total interest expense	4,381	3,556	2,603	2,177	2,293	2,437	2,281	1,660	12,717	8,671
Net interest expense	18,961	18,351	17,395	16,516	15,642	13,964	11,766	10,781	71,228	52,193
Provision for loan and lease losses	844	(453)	1,270	1,477	3,499	1,200	1,790	570	3,138	7,059
Net interest income after provision for loan losses	18,117	18,804	16,125	15,039	12,143	12,764	9,976	10,211	68,090	45,134
Other expense									5,841	5,058
Income before income tax expense	8,703	10,461	8,499	9,113	8,542	6,407	4,408	4,222	36,775	23,578
Income tax benefit	2,418	3,348	2,634	2,822	5,216	2,562	1,757	1,674	11,221	11,209
Net income	$ 6,285	$ 7,113	$ 5,865	$ 6,291	$ 3,326	$ 3,845	$ 2,651	$ 2,548	25,554	12,369
Comprehensive income									25,287	12,328
Parent Company
Income:
Loan									17	17
Total interest income									17	17
Interest expense:
Trust preferred securities payable									846	636
Subordinated debt interest expense									1,619	1,322
Total interest expense									2,465	1,958
Net interest expense									(2,448)	(1,941)
Net interest income after provision for loan losses									(2,448)	(1,941)
Other expense									1,275	33
Loss before undistributed earnings of subsidiary bank									(3,723)	(1,974)
Equity in undistributed earnings of subsidiary bank									28,094	13,560
Income before income tax expense									24,371	11,586
Income tax benefit									1,183	783
Net income									25,554	12,369
Comprehensive income									$ 25,287	$ 12,328

PARENT COMPANY FINANCIAL INFO_5

PARENT COMPANY FINANCIAL INFORMATION (Condensed Statement of Cash Flows) (Details) - USD ($) $ in Thousands	3 Months Ended								12 Months Ended
	Dec. 31, 2018	Sep. 30, 2018	Jun. 30, 2018	Mar. 31, 2018	Dec. 31, 2017	Sep. 30, 2017	Jun. 30, 2017	Mar. 31, 2017	Dec. 31, 2018	Dec. 31, 2017
Cash Flows From Operating Activities:
Net income	$ 6,285	$ 7,113	$ 5,865	$ 6,291	$ 3,326	$ 3,845	$ 2,651	$ 2,548	$ 25,554	$ 12,369
Adjustments to reconcile net income to net cash provided by (used in) operating activities:
Stock based compensation expense									1,711	412
Net cash used in operating activities									27,060	31,473
Cash Flows From Investing Activities:
Net cash used in investing activities									(454,570)	(366,624)
Cash flows from financing activities:
Proceeds from issuance of common stock, net										114,773
Proceeds from exercise of stock options, net of redemptions									360	135
Proceeds from issuance of subordinated debt, net of issuance cost										24,443
Net cash provided by financing activities									399,229	513,451
Net (decrease) increase in cash and cash equivalents									(28,281)	178,300
Cash and cash equivalents at the beginning of the year				261,231					261,231
Cash and cash equivalents at the end of the year	232,950				261,231				232,950	261,231
Parent Company
Cash Flows From Operating Activities:
Net income									25,554	12,369
Adjustments to reconcile net income to net cash provided by (used in) operating activities:
Undistributed earnings of subsidiary bank									(28,094)	(13,560)
Non-employee stock based compensation									440
Amortization of trust preferred issuance costs									56	46
Stock based compensation expense									1,711	412
Decrease (increase) in other assets									(2,910)	(585)
Increase (decrease) in other liabilities									(167)	165
Net cash used in operating activities									(3,410)	(1,153)
Cash Flows From Investing Activities:
Investments in subsidiary bank										(132,000)
Net cash used in investing activities										(132,000)
Cash flows from financing activities:
Proceeds from issuance of common stock, net									(33)	114,773
Proceeds from exercise of stock options, net of redemptions									229	(120)
Proceeds from issuance of subordinated debt, net of issuance cost										24,443
Net cash provided by financing activities									196	139,096
Net (decrease) increase in cash and cash equivalents									(3,214)	5,943
Cash and cash equivalents at the beginning of the year				$ 6,761				$ 818	6,761	818
Cash and cash equivalents at the end of the year	$ 3,547				$ 6,761				$ 3,547	$ 6,761

ACCUMULATED OTHER COMPREHENSI_3

ACCUMULATED OTHER COMPREHENSIVE INCOME (Schedule of Accumulated Other Comprehensive Income (Loss)) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Beginning balance	$ (206)
Ending balance	(473)	$ (206)
AOCI (Loss), Net
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Beginning balance	(206)	(165)
Net change in other comprehensive income (loss) before reclassification	(293)	(41)
Amounts reclassified from accumulated other comprehensive income, net of taxes	26
Net current period other comprehensive loss	(267)	(41)
Ending balance	$ (473)	$ (206)

ACCUMULATED OTHER COMPREHENSI_4

ACCUMULATED OTHER COMPREHENSIVE LOSS - Proceeds from sales and calls of securities and associated gains and losses (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017
ACCUMULATED OTHER COMPREHENSIVE INCOME [Abstract]
Proceeds from calls of securities	$ 1,500	$ 0

ACCUMULATED OTHER COMPREHENSI_5

ACCUMULATED OTHER COMPREHENSIVE INCOME (Reclassifications Out of Accumulated Other Comprehensive Income (Loss)) (Details) - USD ($) $ in Thousands	3 Months Ended								12 Months Ended
	Dec. 31, 2018	Sep. 30, 2018	Jun. 30, 2018	Mar. 31, 2018	Dec. 31, 2017	Sep. 30, 2017	Jun. 30, 2017	Mar. 31, 2017	Dec. 31, 2018	Dec. 31, 2017
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Income tax expense	$ (2,418)	$ (3,348)	$ (2,634)	$ (2,822)	$ (5,216)	$ (2,562)	$ (1,757)	$ (1,674)	$ (11,221)	$ (11,209)
Reclassifications out of accumulated other comprehensive (loss) income
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Realized gain on sale of available for sale securities									(37)
Income tax expense									11
Total reclassifications, net of income tax									$ (26)

UNAUDITED QUARTERLY FINANCIAL_3

UNAUDITED QUARTERLY FINANCIAL DATA (Selected Consolidated Quarterly Financial Data) (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended								12 Months Ended
	Dec. 31, 2018	Sep. 30, 2018	Jun. 30, 2018	Mar. 31, 2018	Dec. 31, 2017	Sep. 30, 2017	Jun. 30, 2017	Mar. 31, 2017	Dec. 31, 2018	Dec. 31, 2017
Quarterly Financial Information (Unaudited)
Interest income	$ 23,342	$ 21,907	$ 19,998	$ 18,693	$ 17,935	$ 16,401	$ 14,047	$ 12,441	$ 83,945	$ 60,864
Interest expense	4,381	3,556	2,603	2,177	2,293	2,437	2,281	1,660	12,717	8,671
Net interest income	18,961	18,351	17,395	16,516	15,642	13,964	11,766	10,781	71,228	52,193
Provision for loan losses	844	(453)	1,270	1,477	3,499	1,200	1,790	570	3,138	7,059
Net interest income after provision for loan losses	18,117	18,804	16,125	15,039	12,143	12,764	9,976	10,211	68,090	45,134
Non-interest income	2,188	2,012	2,649	5,312	6,178	2,233	1,573	1,245
Non-interest expense	11,602	10,355	10,275	11,238	9,779	8,590	7,141	7,234	43,471	32,745
Income before income taxes	8,703	10,461	8,499	9,113	8,542	6,407	4,408	4,222	36,775	23,578
Income tax expense	2,418	3,348	2,634	2,822	5,216	2,562	1,757	1,674	11,221	11,209
Net income	$ 6,285	$ 7,113	$ 5,865	$ 6,291	$ 3,326	$ 3,845	$ 2,651	$ 2,548	$ 25,554	$ 12,369
Basic earnings per common share (in dollars per share)	$ 0.77	$ 0.87	$ 0.72	$ 0.77	$ 0.50	$ 0.83	$ 0.57	$ 0.55	$ 3.12	$ 2.40
Diluted earnings per common share (in dollars per share)	$ 0.75	$ 0.85	$ 0.70	$ 0.75	$ 0.49	$ 0.82	$ 0.57	$ 0.55	$ 3.06	$ 2.34