Investar Holding (ISTR) 10-Q 4 May 17 2017 Q1 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	3 Months Ended
	Mar. 31, 2017	May 04, 2017
Document And Entity Information [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Mar. 31, 2017
Document Fiscal Year Focus	2,017
Document Fiscal Period Focus	Q1
Trading Symbol	ISTR
Entity Registrant Name	Investar Holding Corp
Entity Central Index Key	1,602,658
Current Fiscal Year End Date	--12-31
Entity Filer Category	Accelerated Filer
Entity Common Stock, Shares Outstanding		8,801,629

CONSOLIDATED BALANCE SHEETS

CONSOLIDATED BALANCE SHEETS - USD ($)	Mar. 31, 2017	Dec. 31, 2016
ASSETS
Cash and due from banks	$ 8,043,000	$ 9,773,000
Interest-bearing balances due from other banks	18,600,000	19,569,000
Federal funds sold	0	106,000
Cash and cash equivalents	26,643,000	29,448,000
Available for sale securities at fair value (amortized cost of $176,363 and $166,258, respectively)	174,139,000	163,051,000
Held to maturity securities at amortized cost (estimated fair value of $19,422 and $19,612, respectively)	19,648,000	20,091,000
Loans, net of allowance for loan losses of $7,243 and $7,051, respectively	894,905,000	886,375,000
Other equity securities	6,320,000	5,362,000
Bank premises and equipment, net of accumulated depreciation of $7,117 and $6,751, respectively	31,434,000	31,722,000
Other real estate owned, net	4,045,000	4,065,000
Accrued interest receivable	3,243,000	3,218,000
Deferred tax asset	2,601,000	2,868,000
Goodwill and other intangible assets, net	3,224,000	3,234,000
Bank owned life insurance	7,248,000	7,201,000
Other assets	2,385,000	2,325,000
Total assets	1,175,835,000	1,158,960,000
Deposits [Abstract]
Noninterest-bearing	112,514,000	108,404,000
Interest-bearing	756,040,000	799,383,000
Total deposits	868,554,000	907,787,000
Advances from Federal Home Loan Bank	82,413,000	82,803,000
Repurchase agreements	36,361,000	39,087,000
Subordinated notes, net of unamortized issuance costs	18,133,000	0
Junior subordinated debt	3,609,000	3,609,000
Other borrowings	78,000	1,000,000
Accrued taxes and other liabilities	18,351,000	11,917,000
Total liabilities	1,027,499,000	1,046,203,000
STOCKHOLDERS’ EQUITY
Preferred stock, no par value per share; 5,000,000 shares authorized	0	0
Common stock, $1.00 par value per share; 40,000,000 shares authorized; 8,805,810 and 7,101,851 shares issued and outstanding, respectively	8,806,000	7,102,000
Surplus	112,927,000	81,499,000
Retained earnings	27,916,000	26,227,000
Accumulated other comprehensive loss	(1,313,000)	(2,071,000)
Total stockholders’ equity	148,336,000	112,757,000
Total liabilities and stockholders’ equity	$ 1,175,835,000	$ 1,158,960,000

CONSOLIDATED BALANCE SHEETS (Pa

CONSOLIDATED BALANCE SHEETS (Parenthetical) - USD ($) $ in Thousands	Mar. 31, 2017	Dec. 31, 2016
Statement of Financial Position [Abstract]
Available-for-sale securities at fair value, amortized cost	$ 176,363	$ 166,258
Held-to-maturity securities at amortized cost, estimated fair value	19,422	19,612
Allowance for loan losses	7,243	7,051
Bank premises and equipment, accumulated depreciation	$ 7,117	$ 6,751
Preferred stock, par value (in dollars per share)	$ 0	$ 0
Preferred stock, shares authorized (in shares)	5,000,000	5,000,000
Common stock, par value (in dollars per share)	$ 1	$ 1
Common stock, shares authorized (in shares)	40,000,000	40,000,000
Common stock, shares issued (in shares)	8,805,810	7,101,851
Common stock, shares outstanding (in shares)	8,805,810	7,101,851

CONSOLIDATED STATEMENTS OF OPER

CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016
INTEREST INCOME
Interest and fees on loans	$ 10,004	$ 9,485
Interest on investment securities	1,029	856
Other interest income	60	37
Total interest income	11,093	10,378
INTEREST EXPENSE
Interest on deposits	1,853	1,515
Interest on borrowings	380	316
Total interest expense	2,233	1,831
Net interest income	8,860	8,547
Provision for loan losses	350	454
Net interest income after provision for loan losses	8,510	8,093
NONINTEREST INCOME
Service charges on deposit accounts	97	97
Gain on sale of investment securities, net	106	80
Gain on sale of fixed assets, net	23	0
Gain on sale of other real estate owned, net	5	1
Gain on sale of loans, net	0	313
Servicing fees and fee income on serviced loans	423	591
Other operating income	231	205
Total noninterest income	885	1,287
Income before noninterest expense	9,395	9,380
NONINTEREST EXPENSE
Depreciation and amortization	376	370
Salaries and employee benefits	3,950	3,873
Occupancy	264	236
Data processing	368	374
Marketing	28	112
Professional fees	232	279
Acquisition expense	145	0
Other operating expenses	1,321	1,140
Total noninterest expense	6,684	6,384
Income before income tax expense	2,711	2,996
Income tax expense	847	1,006
Net income	$ 1,864	$ 1,990
EARNINGS PER SHARE
Basic earnings per share (in dollars per share)	$ 0.26	$ 0.28
Diluted earnings per share (in dollars per share)	0.26	0.28
Cash dividends declared per common share (in dollars per share)	$ 0.02	$ 0.01

CONSOLIDATED STATEMENTS OF COMP

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016
Statement of Comprehensive Income [Abstract]
Net income	$ 1,864	$ 1,990
Unrealized gain (loss) on investment securities:
Unrealized gain, available for sale, net of tax expense of $381 and $480, respectively	707	891
Reclassification of realized gain, net of tax benefit of $37 and $28, respectively	(69)	(52)
Unrealized loss, transfer from available for sale to held to maturity, net of tax benefit of $0 and $0, respectively	0	(1)
Fair value of derivative financial instruments:
Change in fair value of interest rate swap designated as a cash flow hedge, net of tax expense (benefit) of $64 and ($242), respectively	120	(449)
Total other comprehensive income	758	389
Total comprehensive income	$ 2,622	$ 2,379

CONSOLIDATED STATEMENTS OF COM6

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (Parenthetical) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016
Statement of Comprehensive Income [Abstract]
Unrealized gain, available for sale, tax expense (benefit)	$ 381	$ 480
Reclassification of realized gains, tax expense	37	28
Unrealized loss transfer from available for sale to held to maturity, tax benefit	0	0
Change in fair value of interest rate swap designated as a cash flow hedge, tax (benefit) expense	$ 64	$ (242)

CONSOLIDATED STATEMENTS OF CHAN

CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS' EQUITY - USD ($) $ in Thousands	Total	Common Stock [Member]	Surplus [Member]	Retained Earnings [Member]	Accumulated Other Comprehensive Income (Loss) [Member]
Beginning Balance at Dec. 31, 2015	$ 109,350	$ 7,264	$ 84,099	$ 18,650	$ (663)
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest [Abstract]
Surrendered shares	(65)	(4)	(61)
Shares repurchased	(3,473)	(222)	(3,251)
Dividends declared	(303)			(303)
Options and warrants exercised	165	12	153
Stock-based compensation	609	52	557
Net tax effect of stock-based compensation	2		2
Net income	7,880			7,880
Other comprehensive loss, net	(1,408)				(1,408)
Ending Balance at Dec. 31, 2016	112,757	7,102	81,499	26,227	(2,071)
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest [Abstract]
Surrendered shares	(73)	(4)	(69)
Common stock issued in offering, net of direct costs of $1,948	32,553	1,624	30,929
Dividends declared	(175)			(175)
Options and warrants exercised	473	35	438
Stock-based compensation	179	49	130
Net income	1,864			1,864
Other comprehensive loss, net	758				758
Ending Balance at Mar. 31, 2017	$ 148,336	$ 8,806	$ 112,927	$ 27,916	$ (1,313)

CONSOLIDATED STATEMENTS OF CHA8

CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS' EQUITY (Parenthetical) $ in Thousands	3 Months Ended
	Mar. 31, 2017USD ($)$ / shares
Statement of Stockholders' Equity [Abstract]
Cash dividends declared per common share (in dollars per share) | $ / shares	$ 0.02
Stock issuance costs | $	$ 1,948

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016
Cash flows from operating activities:
Net income	$ 1,864	$ 1,990
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	376	370
Provision for loan losses	350	454
Amortization of purchase accounting adjustments	0	(17)
Net amortization of securities	331	230
Gain on sale of securities, net	(106)	(80)
Gain on sale of fixed assets, net	(23)	0
Gain on sale of other real estate owned, net	(5)	(1)
FHLB stock dividend	(18)	(11)
Stock-based compensation	179	141
Deferred taxes	(141)	(228)
Net change in value of bank owned life insurance	(47)	(42)
Loans held for sale:
Originations	0	(495)
Proceeds from sales	0	23,837
Gain on sale of loans	0	(313)
Net change in:
Accrued interest receivable	(25)	(148)
Other assets	125	927
Accrued taxes and other liabilities	6,272	807
Net cash provided by operating activities	9,132	27,421
Cash flows from investing activities:
Proceeds from sales of investment securities available for sale	10,325	3,440
Funds invested in securities available for sale	(26,577)	(19,594)
Proceeds from maturities, prepayments and calls of investment securities available for sale	5,944	2,111
Proceeds from maturities, prepayments and calls of investment securities held to maturity	421	143
Purchase of other equity securities	(940)	(1,338)
Net increase in loans	(8,881)	(45,779)
Proceeds from sales of other real estate owned	25	62
Proceeds from the sales of fixed assets	291	0
Purchases of fixed assets	(346)	(489)
Acquisition of trademark intangible	0	(100)
Purchase of bank owned life insurance	0	(3,500)
Net cash used in investing activities	(19,738)	(65,044)
Cash flows from financing activities:
Net (decrease) increase in customer deposits	(39,233)	71,317
Net decrease in repurchase agreements	(2,726)	(9,422)
Net decrease in short-term FHLB advances	(5,000)	(21,903)
Proceeds from long-term FHLB advances	5,000	0
Repayment of long-term FHLB advances	(390)	(1,633)
Proceeds from other borrowings	78	0
Repayment of other borrowings	(1,000)	0
Proceeds from subordinated notes, net of issuance costs	18,133	0
Cash dividends paid on common stock	(87)	(63)
Proceeds from public offering of common stock, net of issuance costs	32,553	0
Proceeds from stock options and warrants exercised	473	0
Payments to repurchase common stock	0	(315)
Net cash provided by financing activities	7,801	37,981
Net (decrease) increase in cash and cash equivalents	(2,805)	358
Cash and cash equivalents, beginning of period	29,448	20,966
Cash and cash equivalents, end of period	$ 26,643	$ 21,324

SUMMARY OF SIGNIFICANT ACCOUNTI

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	3 Months Ended
	Mar. 31, 2017
Accounting Policies [Abstract]
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Basis of Presentation The accompanying unaudited consolidated financial statements of Investar Holding Corporation (the “Company”) have been prepared in accordance with United States generally accepted accounting principles (“GAAP”) for interim financial information and the instructions to Form 10-Q and Article 10 of Regulation S-X. Accordingly, they do not include information or footnotes necessary for a complete presentation of financial position, results of operations, and cash flows in conformity with GAAP. However, in the opinion of management, all adjustments (consisting of normal recurring adjustments) necessary for a fair presentation of the financial statements have been included. The results of operations for the three month period ended March 31, 2017 are not necessarily indicative of the results that may be expected for the entire fiscal year. These statements should be read in conjunction with the Company’s audited consolidated financial statements for the year ended December 31, 2016 , including the notes thereto, which were included as part of the Company’s Annual Report on Form 10-K filed with the Securities and Exchange Commission on March 9, 2017. Nature of Operations Investar Holding Corporation, headquartered in Baton Rouge, Louisiana, provides full banking services, excluding trust services, through its wholly-owned banking subsidiary, Investar Bank (the “Bank”), a Louisiana-chartered bank. The Company’s primary market is South Louisiana. The Company currently operates 10 full service banking offices located throughout its market and had 152 employees at March 31, 2017 . Principles of Consolidation The consolidated financial statements include the accounts of the Company and its wholly-owned subsidiary, the Bank. All significant intercompany accounts and transactions have been eliminated in consolidation. Use of Estimates The preparation of statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and the disclosure of contingent assets and liabilities at the date of the financial statements as well as the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates, and such differences could be material. Material estimates that are particularly susceptible to significant change relate to the determination of the allowance for loan losses. While management uses available information to recognize losses on loans, future additions to the allowance may be necessary based on changes in local economic conditions. In addition, regulatory agencies, as an integral part of their examination process, periodically review the Company’s allowance for loan losses. Such agencies may require the Company to recognize additions to the allowance based on their judgments about information available to them at the time of their examination. Because of these factors, it is reasonably possible that the allowance for loan losses may change materially in the near term. However, the amount of the change that is reasonably possible cannot be estimated. Other estimates that are susceptible to significant change in the near term relate to the determination of other-than-temporary impairments of securities and the fair value of financial instruments. Reclassifications Certain reclassifications have been made to the 2016 financial statements to be consistent with the 2017 presentation. Concentrations of Credit Risk The Company’s loan portfolio consists of the various types of loans described in Note 4, Loans. Real estate or other assets secure most loans. The majority of loans have been made to individuals and businesses in the Company’s market of South Louisiana. Customers are dependent on the condition of the local economy for their livelihoods and servicing their loan obligations. The Company does not have any significant concentrations in any one industry or individual customer. Recent Accounting Pronouncements FASB ASC Subtopic 310-20 “Receivables – Nonrefundable Fees and Other Costs, Premium Amortization on Purchased Callable Debt Securities” Update No. 2017-08. The Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) No. 2017-08 in March 2017. The amendments in the ASU shorten the amortization period for certain callable debt securities held at a premium. Specifically, the amendments require the premium to be amortized to the earliest call date. The amendments do not require an accounting change for securities held at a discount; the discount continues to be amortized to maturity. Update 2017-08 will be effective for the Company beginning January 1, 2019. Early adoption is permitted, including adoption in an interim period. If an entity early adopts in an interim period, any adjustments should be reflected as of the beginning of the fiscal year that includes that interim period. The amendments should be applied on a modified retrospective basis, with a cumulative-effect adjustment directly to retained earnings as of the beginning of the period of adoption. The Company is assessing the impact of ASU 2017-08 on its accounting and disclosures. FASB ASC Topic 350 “Intangibles – Goodwill and Other: Simplifying the Test for Goodwill Impairment” Update No. 2017-04. The FASB issued ASU No. 2017-04 in January 2017. The ASU simplifies how an entity is required to test goodwill for impairment by eliminating Step 2 from the goodwill impairment test. Therefore, any carrying amount which exceeds the reporting unit’s fair value, up to the amount of goodwill recorded, will be recognized as an impairment loss. ASU 2017-04 will be effective for the Company on January 1, 2020. The amendments will be applied prospectively on or after the effective date. Early adoption is permitted for interim or annual goodwill impairment tests performed on testing dates after January 1, 2017. Based on recent goodwill impairments tests, which did not require the application of Step 2, the Company does not expect the adoption of this ASU to have an immediate impact. FASB ASC Topic 805 “Business Combinations: Clarifying the Definition of a Business” Update No. 2017-01. The FASB issued ASU No. 2017-01 in January 2017. The amendments in the ASU are intended to clarify the definition and the current interpretation of a business to assist companies and other reporting organizations with evaluating whether transactions should be accounted for as acquisitions or disposals of assets or businesses. The ASU will be effective for the Company beginning January 1, 2018. The amendments will be applied prospectively on or after the effective date. Early application of the amendments in this ASU is allowed for transactions, including when a subsidiary or group of assets is deconsolidated/derecognized, in which the acquisition date occurs before the issuance date or effective date of the amendments, only when the transaction has not been reported in financial statements that have been issued or made available for issuance. The adoption of this standard is not expected to have a material impact on the Company’s financial statements. FASB ASC Topic 230 “Statement of Cash Flows – Classification of Certain Cash Receipts and Cash Payments” Update No. 2016-15. The FASB issued ASU No. 2016-15 in August 2016. The amendments in the ASU address eight specific cash flow issues with the objective of reducing the existing diversity in practice, as the issues are either unclear or do not have specific guidance under current GAAP. ASU 2016-15 will be effective on January 1, 2018. The adoption of this standard is not expected to have a material impact on the Company’s consolidated financial statements. FASB ASC Topic 326 “Financial Instruments – Credit Losses: Measurement of Credit Losses on Financial Instruments” Update No. 2016-13. The FASB issued ASU No. 2016-13 in June 2016. The amendments introduce an impairment model that is based on expected credit losses, rather than incurred losses, to estimate credit losses on certain types of financial instruments (e.g., loans and held-to-maturity securities), including certain off-balance sheet financial instruments (e.g., loan commitments). The expected credit losses should consider historical information, current information, and reasonable and supportable forecasts, including estimates of prepayments, over the contractual term. Financial instruments with similar risk characteristics may be grouped together when estimating expected credit losses. The ASU also amends the current AFS security impairment model for debt securities. The new model will require an estimate of expected credit losses when the fair value is below the amortized cost of the asset through the use of an allowance to record estimated credit losses (and subsequent recoveries). Non-credit related losses will continue to be recognized through other comprehensive income. In addition, the amendments provide for a simplified accounting model for purchased financial assets with a more-than-insignificant amount of credit deterioration since their origination. The initial estimate of expected credit losses would be recognized through an allowance for loan losses with an offset (i.e., increase) to the cost basis of the related financial asset at acquisition. ASU 2016-13 will be effective for the Company beginning January 1, 2020. The amendments will be applied through a modified-retrospective approach, resulting in a cumulative-effect adjustment to retained earnings as of the beginning of the first reporting period in which the guidance is effective. A prospective transition approach is required for debt securities for which other-than-temporary impairment had been recognized before the effective date. Amounts previously recognized in accumulated other comprehensive income as of the date of adoption that relate to improvements in cash flows expected to be collected should continue to be accreted into income over the remaining life of the asset. Recoveries of amounts previously written off relating to improvements in cash flows after the date of adoption should be recorded in earnings when received. Management is currently evaluating the potential impact of ASU 2016-13 on the Company’s consolidated financial statements. FASB ASC Topic 825 “Financial Instruments – Overall” Update No. 2016-1. The FASB issued ASU No. 2016-1 in January 2016 to address certain aspects of recognition, measurement, presentation, and disclosure of financial instruments. The ASU will not change the guidance for classifying and measuring investments in debt securities or loans; however, it will impact how entities measure certain equity investments, recognize changes in the fair value of financial liabilities measured under the fair value option that are attributable to instrument-specific credit risk, and disclose and present financial assets and liabilities in financial statements. The main provisions require investments in equity securities to be measured at fair value through net income, unless they qualify for a new practicability exception, the equity method of accounting, or consolidation, and require fair value changes arising from changes in instrument-specific credit risk for financial liabilities that are measured under the fair value option to be recognized in other comprehensive income. The amendments will also require entities to present financial assets and financial liabilities separately, grouped by measurement category and form of financial asset in the statement of financial position or in the accompanying notes to the financial statements. Entities will also no longer have to disclose the methods and significant assumptions for financial instruments measured at amortized cost, but will be required to measure such instruments under the “exit price” notion for disclosure purposes. The amendments in this ASU are effective for the Company beginning January 1, 2018. The Company will record a cumulative-effect adjustment to beginning retained earnings as of the beginning of the first reporting period in which the guidance is adopted, with two exceptions. The amendments related to equity investments without readily determinable fair values will be effective prospectively. The requirement to use the exit price notion to measure fair value of financial instruments for disclosure purposes will also be applied prospectively. The Company does not expect a significant cumulative-effect adjustment to be recorded at adoption or any significant impact to the consolidated financial statements associated with the accounting for its current equity investments. The Company does anticipate financial statement disclosures to be impacted, specifically related to financial instruments measured at amortized cost whose fair values are disclosed under the “entry price” notion, but is currently still in the process of determining the impact. FASB ASC Topic 606 “Revenue from Contracts with Customers” Update No. 2014-9. The FASB issued ASU No. 2014-9 in May 2014 which implements a common revenue standard and clarifies the principles used for recognizing revenue. The amendments in the ASU clarify 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. As part of that principle, the entity should identify the contract(s) with the customer, identify the performance obligation(s) of the contract, determine the transaction price, allocate that transaction price to the performance obligation(s), and then recognize revenue when or as the entity satisfies the performance obligation(s). The amendments also provide additional guidance/principles associated with gross vs. net presentation (i.e., principal versus agency considerations). The amendments in ASU No. 2014-9 will be effective for the Company beginning January 1, 2018. Earlier application is permitted only as of annual reporting periods beginning after December 15, 2016, including interim reporting periods within that annual reporting period. The amendments will be applied through the election of one of two retrospective methods. The Company intends to adopt the amendments beginning January 1, 2018 and does not expect to recognize a significant cumulative adjustment to equity upon implementation of the standard. Further, the Company does not expect a significant impact to the Company’s consolidated statements of comprehensive income or consolidated balance sheets from either a presentation or timing perspective, but is still analyzing some contracts.

EARNINGS PER SHARE

EARNINGS PER SHARE	3 Months Ended
	Mar. 31, 2017
Earnings Per Share [Abstract]
EARNINGS PER SHARE	EARNINGS PER SHARE The following is a summary of the information used in the computation of basic and diluted earnings per common share for the three months ended March 31, 2017 and 2016 (in thousands, except share data). Three months ended March 31, 2017 2016 Net income available to common shareholders $ 1,864 $ 1,990 Weighted average number of common shares outstanding used in computation of basic earnings per common share 7,205,942 7,194,558 Effect of dilutive securities: Restricted stock 20,604 15,353 Stock options 26,838 14,854 Stock warrants 23,485 11,267 Weighted average number of common shares outstanding plus effect of dilutive securities used in computation of diluted earnings per common share 7,276,869 7,236,032 Basic earnings per share $ 0.26 $ 0.28 Diluted earnings per share $ 0.26 $ 0.28

INVESTMENT SECURITIES

INVESTMENT SECURITIES	3 Months Ended
	Mar. 31, 2017
Investments, Debt and Equity Securities [Abstract]
INVESTMENT SECURITIES	INVESTMENT SECURITIES The amortized cost and approximate fair value of investment securities classified as available for sale are summarized below as of the dates presented (dollars in thousands). Amortized Cost Gross Unrealized Gains Gross Fair Value March 31, 2017 Obligations of other U.S. government agencies and corporations $ 40,555 $ 65 $ (320 ) $ 40,300 Obligations of state and political subdivisions 28,715 36 (1,063 ) 27,688 Corporate bonds 15,271 51 (348 ) 14,974 Residential mortgage-backed securities 88,604 167 (744 ) 88,027 Commercial mortgage-backed securities 2,507 — (62 ) 2,445 Equity securities 711 48 (54 ) 705 Total $ 176,363 $ 367 $ (2,591 ) $ 174,139 Amortized Cost Gross Gross Fair December 31, 2016 Obligations of other U.S. government agencies and corporations $ 29,809 $ 68 $ (387 ) $ 29,490 Obligations of state and political subdivisions 29,631 15 (1,791 ) 27,855 Corporate bonds 15,292 54 (378 ) 14,968 Residential mortgage-backed securities 88,295 193 (900 ) 87,588 Commercial mortgage-backed securities 2,520 — (76 ) 2,444 Equity securities 711 46 (51 ) 706 Total $ 166,258 $ 376 $ (3,583 ) $ 163,051 The amortized cost and approximate fair value of investment securities classified as held to maturity are summarized below as of the dates presented (dollars in thousands). Amortized Cost Gross Gross Fair March 31, 2017 Obligations of state and political subdivisions $ 12,870 $ 7 $ (172 ) $ 12,705 Residential mortgage-backed securities 6,778 5 (66 ) 6,717 Total $ 19,648 $ 12 $ (238 ) $ 19,422 Amortized Cost Gross Gross Fair December 31, 2016 Obligations of state and political subdivisions $ 12,976 $ 2 $ (429 ) $ 12,549 Residential mortgage-backed securities 7,115 8 (60 ) 7,063 Total $ 20,091 $ 10 $ (489 ) $ 19,612 Securities are classified in the consolidated balance sheets according to management’s intent. The Company had no securities classified as trading as of March 31, 2017 or December 31, 2016 . The aggregate fair values and aggregate unrealized losses on securities whose fair values are below book values are summarized in the tables below. Due to the nature of the investment and current market prices, these unrealized losses are considered a temporary impairment of the securities. The following table presents, by type and number of securities, the age of gross unrealized losses and approximate fair value by investment category for securities available for sale as of the dates presented (dollars in thousands). Less than 12 Months 12 Months or More Total Count Fair Value Unrealized Losses Fair Value Unrealized Fair Value Unrealized March 31, 2017 Obligations of other U.S. government agencies and corporations 47 $ 25,563 $ (316 ) $ 440 $ (4 ) $ 26,003 $ (320 ) Obligations of state and political subdivisions 22 23,027 (1,063 ) — — 23,027 (1,063 ) Corporate bonds 25 2,745 (103 ) 7,180 (245 ) 9,925 (348 ) Residential mortgage-backed securities 104 56,232 (732 ) 1,988 (12 ) 58,220 (744 ) Commercial mortgage-backed securities 4 2,445 (62 ) — — 2,445 (62 ) Equity securities 3 5 (1 ) 486 (53 ) 491 (54 ) Total 205 $ 110,017 $ (2,277 ) $ 10,094 $ (314 ) $ 120,111 $ (2,591 ) Less than 12 Months 12 Months or More Total Count Fair Value Unrealized Fair Value Unrealized Fair Value Unrealized December 31, 2016 Obligations of other U.S. government agencies and corporations 45 $ 22,819 $ (382 ) $ 448 $ (5 ) $ 23,267 $ (387 ) Obligations of state and political subdivisions 33 25,764 (1,791 ) — — 25,764 (1,791 ) Corporate bonds 27 3,724 (132 ) 6,929 (246 ) 10,653 (378 ) Residential mortgage-backed securities 110 60,433 (883 ) 1,778 (17 ) 62,211 (900 ) Commercial mortgage-backed securities 4 2,444 (76 ) — — 2,444 (76 ) Equity securities 3 50 (4 ) 492 (47 ) 542 (51 ) Total 222 $ 115,234 $ (3,268 ) $ 9,647 $ (315 ) $ 124,881 $ (3,583 ) The following table presents, by type and number of securities, the age of gross unrealized losses and approximate fair value by investment category for securities held to maturity as of the dates presented (dollars in thousands). Less than 12 Months 12 Months or More Total Count Fair Value Unrealized Fair Value Unrealized Fair Value Unrealized March 31, 2017 Obligations of state and political subdivisions 3 $ 8,048 $ (172 ) $ — $ — $ 8,048 $ (172 ) Residential mortgage-backed securities 6 4,494 (66 ) — — 4,494 (66 ) Total 9 $ 12,542 $ (238 ) $ — $ — $ 12,542 $ (238 ) Less than 12 Months 12 Months or More Total Count Fair Value Unrealized Fair Value Unrealized Fair Value Unrealized December 31, 2016 Obligations of state and political subdivisions 5 $ 9,597 $ (429 ) $ — $ — $ 9,597 $ (429 ) Residential mortgage-backed securities 6 4,677 (60 ) — — 4,677 (60 ) Total 11 $ 14,274 $ (489 ) $ — $ — $ 14,274 $ (489 ) The unrealized losses in the Company’s investment portfolio, caused by interest rate increases, are not credit issues and the Company does not intend to sell the securities. Furthermore, it is not more likely than not that the Company will be required to sell the securities before recovery of their amortized cost bases. The Company does not consider these securities to be other-than-temporarily impaired at March 31, 2017 or December 31, 2016 . The weighted average tax equivalent yield, amortized cost and approximate fair value of debt securities, by contractual maturity (including mortgage-backed securities), are shown below as of the dates presented. Actual maturities may differ from contractual maturities because borrowers may have the right to call or prepay obligations with or without call or prepayment penalties (dollars in thousands). Securities Available for Sale Securities Held to Maturity Weighted Average T.E. Yield Amortized Cost Fair Value Weighted Amortized Fair March 31, 2017 Due within one year 2.05 % $ 900 $ 898 7.17 % $ 685 $ 686 Due after one year through five years 2.33 11,641 11,654 7.17 3,095 3,100 Due after five years through ten years 2.93 26,963 26,611 7.17 2,745 2,730 Due after ten years 2.53 136,148 134,271 3.54 13,123 12,906 Total debt securities $ 175,652 $ 173,434 $ 19,648 $ 19,422 Securities Available for Sale Securities Held to Maturity Weighted Amortized Fair Weighted Amortized Fair December 31, 2016 Due within one year 1.61 % $ 1,753 $ 1,750 7.17 % $ 685 $ 686 Due after one year through five years 2.27 10,509 10,476 7.17 3,095 3,089 Due after five years through ten years 2.77 27,173 26,771 7.17 2,745 2,637 Due after ten years 2.51 126,112 123,348 3.17 13,566 13,200 Total debt securities $ 165,547 $ 162,345 $ 20,091 $ 19,612

LOANS

LOANS	3 Months Ended
	Mar. 31, 2017
Receivables [Abstract]
LOANS	LOANS The Company’s loan portfolio consists of the following categories of loans as of the dates presented (dollars in thousands). March 31, 2017 December 31, 2016 Construction and development $ 95,541 $ 90,737 1-4 Family 172,148 177,205 Multifamily 47,776 42,759 Farmland 7,994 8,207 Commercial real estate 392,464 380,716 Total mortgage loans on real estate 715,923 699,624 Commercial and industrial 90,352 85,377 Consumer 95,873 108,425 Total loans $ 902,148 $ 893,426 The table below provides an analysis of the aging of loans as of the dates presented (dollars in thousands). March 31, 2017 Past Due and Accruing 30-59 days 60-89 days 90 or more days Nonaccrual Total Past Due & Nonaccrual Current Total Loans Construction and development $ — $ — $ — $ 478 $ 478 $ 95,063 $ 95,541 1-4 Family — — — 46 46 172,102 172,148 Multifamily — — — — — 47,776 47,776 Farmland — — — — — 7,994 7,994 Commercial real estate — — — — — 392,464 392,464 Total mortgage loans on real estate — — — 524 524 715,399 715,923 Commercial and industrial 24 5 — 438 467 89,885 90,352 Consumer 122 74 8 1,173 1,377 94,496 95,873 Total loans $ 146 $ 79 $ 8 $ 2,135 $ 2,368 $ 899,780 $ 902,148 December 31, 2016 Past Due and Accruing 30-59 days 60-89 days 90 or more days Nonaccrual Total Past Due & Nonaccrual Current Total Loans Construction and development $ 48 $ — $ — $ 480 $ 528 $ 90,209 $ 90,737 1-4 Family 427 — — 47 474 176,731 177,205 Multifamily — — — — — 42,759 42,759 Farmland — — — — — 8,207 8,207 Commercial real estate — — — — — 380,716 380,716 Total mortgage loans on real estate 475 — — 527 1,002 698,622 699,624 Commercial and industrial 30 — — 443 473 84,904 85,377 Consumer 378 149 1 1,008 1,536 106,889 108,425 Total loans $ 883 $ 149 $ 1 $ 1,978 $ 3,011 $ 890,415 $ 893,426 Credit Quality Indicators Loans are categorized into risk categories based on relevant information about the ability of borrowers to service their debt, such as current financial information, historical payment experience, credit documentation, public information, and current economic trends, among other factors. The following definitions are utilized for risk ratings, which are consistent with the definitions used in supervisory guidance: Pass - Loans not meeting the criteria below are considered pass. These loans have high credit characteristics and financial strength. The borrowers at least generate profits and cash flow that are in line with peer and industry standards and have debt service coverage ratios above loan covenants and our policy guidelines. For some of these loans, a guaranty from a financially capable party mitigates characteristics of the borrower that might otherwise result in a lower grade. Special Mention - Loans classified as special mention possess some credit deficiencies that need to be corrected to avoid a greater risk of default in the future. For example, financial ratios relating to the borrower may have deteriorated. Often, a special mention categorization is temporary while certain factors are analyzed or matters addressed before the loan is re-categorized as either pass or substandard. Substandard - Loans classified as substandard are inadequately protected by the current net worth and paying capacity of the borrower or the liquidation value of any collateral. If deficiencies are not addressed, it is likely that this category of loan will result in the Bank incurring a loss. Where a borrower has been unable to adjust to industry or general economic conditions, the borrower’s loan is often categorized as substandard. 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. Loss - Loans classified as loss are considered uncollectible and of such little value that their continuance as recorded assets is not warranted. This classification does not mean that the assets have absolutely no recovery or salvage value, but rather it is not practical or desirable to defer writing off these assets. The table below presents the Company’s loan portfolio by category and credit quality indicator as of the dates presented (dollars in thousands). March 31, 2017 Pass Special Mention Substandard Total Construction and development $ 95,044 $ — $ 497 $ 95,541 1-4 Family 172,056 — 92 172,148 Multifamily 46,919 — 857 47,776 Farmland 7,994 — — 7,994 Commercial real estate 391,892 — 572 392,464 Total mortgage loans on real estate 713,905 — 2,018 715,923 Commercial and industrial 87,349 — 3,003 90,352 Consumer 94,278 422 1,173 95,873 Total loans $ 895,532 $ 422 $ 6,194 $ 902,148 December 31, 2016 Pass Special Mention Substandard Total Construction and development $ 90,238 $ — $ 499 $ 90,737 1-4 Family 177,091 20 94 177,205 Multifamily 42,759 — — 42,759 Farmland 8,207 — — 8,207 Commercial real estate 380,716 — — 380,716 Total mortgage loans on real estate 699,011 20 593 699,624 Commercial and industrial 83,215 59 2,103 85,377 Consumer 106,916 501 1,008 108,425 Total loans $ 889,142 $ 580 $ 3,704 $ 893,426 The Company had no loans that were classified as doubtful or loss as of March 31, 2017 or December 31, 2016 . Loan participations and whole loans sold to and serviced for others are not included in the accompanying consolidated balance sheets. The balances of the participations and whole loans sold were $248.6 million and $274.9 million as of March 31, 2017 and December 31, 2016 , respectively. The unpaid principal balances of these loans were approximately $295.8 million and $319.6 million as of March 31, 2017 and December 31, 2016 , respectively. In the ordinary course of business, the Company makes loans to its executive officers, principal stockholders, directors and to companies in which these individuals are principal owners. Loans outstanding to such related party borrowers (including companies in which they are principal owners) amounted to approximately $20.7 million and $20.0 million as of March 31, 2017 and December 31, 2016 , respectively. These loans are all current and performing according to the original terms. These loans were made on substantially the same terms, including interest rates and collateral, as those prevailing at the time for comparable transactions with persons not related to the Company or the Bank and did not involve more than normal risk of collectability or present other unfavorable features. The table below shows the aggregate amount of loans to such related parties as of the dates presented (dollars in thousands). March 31, 2017 December 31, 2016 Balance, beginning of period $ 19,957 $ 17,992 New loans 2,462 5,058 Repayments and changes in relationship (1,731 ) (3,093 ) Balance, end of period $ 20,688 $ 19,957 Loans Acquired with Deteriorated Credit Quality The Company elected to account for certain loans acquired as acquired impaired loans under ASC 310-30 due to evidence of credit deterioration at acquisition and the probability that the Company will be unable to collect all contractually required payments. The following table presents changes in the carrying value, net of allowance for loan losses, of acquired impaired loans, or loans accounted for under ASC 310-30, for the periods presented (dollars in thousands). Acquired Impaired Carrying value, net at December 31, 2015 $ 2,690 Accretion to interest income 121 Net transfers from (to) nonaccretable difference to (from) accretable yield 1 Payments received, net (551 ) Charge-offs (85 ) Carrying value, net at December 31, 2016 $ 2,176 Accretion to interest income 25 Payments received, net (8 ) Carrying value, net at March 31, 2017 $ 2,193 The table below shows the changes in the accretable yield on acquired impaired loans for the periods presented (dollars in thousands). Acquired Balance, period ended December 31, 2015 $ 395 Net transfers from (to) nonaccretable difference to (from) accretable yield 1 Accretion to interest income (121 ) Balance, period ended December 31, 2016 $ 275 Accretion to interest income (25 ) Balance, period ended March 31, 2017 $ 250

ALLOWANCE FOR LOAN LOSSES

ALLOWANCE FOR LOAN LOSSES	3 Months Ended
	Mar. 31, 2017
Receivables [Abstract]
ALLOWANCE FOR LOAN LOSSES	ALLOWANCE FOR LOAN LOSSES The table below shows a summary of the activity in the allowance for loan losses for the three months ended March 31, 2017 and 2016 (dollars in thousands). Three months ended March 31, 2017 2016 Balance, beginning of period $ 7,051 $ 6,128 Provision for loan losses 350 454 Loans charged off (166 ) (156 ) Recoveries 8 37 Balance, end of period $ 7,243 $ 6,463 The following tables outline the activity in the allowance for loan losses by collateral type for the three months ended March 31, 2017 and 2016 , and show both the allowances and portfolio balances for loans individually and collectively evaluated for impairment as of March 31, 2017 and 2016 (dollars in thousands). Three months ended March 31, 2017 Construction & Farmland 1-4 Multifamily Commercial Commercial & Consumer Total Allowance for loan losses: Beginning balance $ 579 $ 60 $ 1,377 $ 355 $ 2,499 $ 759 $ 1,422 7,051 Provision 112 (6 ) (141 ) 19 409 (15 ) (28 ) 350 Charge-offs — — — — — — (166 ) (166 ) Recoveries 3 — 1 — — — 4 8 Ending balance $ 694 $ 54 $ 1,237 $ 374 $ 2,908 $ 744 $ 1,232 $ 7,243 Ending allowance balance for loans individually evaluated for impairment — — — — — 130 329 459 Ending allowance balance for loans collectively evaluated for impairment $ 694 $ 54 $ 1,237 $ 374 $ 2,908 $ 614 $ 903 $ 6,784 Ending allowance balance for loans acquired with deteriorated credit quality $ — $ — $ — $ — $ — $ — $ — $ — Loans receivable: Balance of loans individually evaluated for impairment $ 640 $ — $ 1,662 $ — $ 606 $ 438 $ 1,173 $ 4,519 Balance of loans collectively evaluated for impairment 94,901 7,994 170,486 47,776 391,858 89,914 94,700 897,629 Total period-end balance $ 95,541 $ 7,994 $ 172,148 $ 47,776 $ 392,464 $ 90,352 $ 95,873 $ 902,148 Balance of loans acquired with deteriorated credit quality $ 658 $ — $ 489 $ 1,046 $ — $ — $ — $ 2,193 Three months ended March 31, 2016 Construction & Farmland 1-4 Multifamily Commercial Commercial & Consumer Total Allowance for loan losses: Beginning balance $ 644 $ 22 $ 1,213 $ 246 $ 2,156 $ 513 $ 1,334 $ 6,128 Provision 89 24 44 33 135 17 112 454 Charge-offs (7 ) — (7 ) — — — (142 ) (156 ) Recoveries 3 — 7 — 1 20 6 37 Ending balance $ 729 $ 46 $ 1,257 $ 279 $ 2,292 $ 550 $ 1,310 $ 6,463 Ending allowance balance for loans individually evaluated for impairment — — — — — — 233 233 Ending allowance balance for loans collectively evaluated for impairment $ 729 $ 46 $ 1,257 $ 279 $ 2,292 $ 550 $ 1,077 $ 6,230 Ending allowance balance for loans acquired with deteriorated credit quality $ — $ — $ — $ — $ — $ — $ — $ — Loans receivable: Balance of loans individually evaluated for impairment $ 1,215 $ — $ 1,824 $ — $ 625 $ 18 $ 795 $ 4,477 Balance of loans collectively evaluated for impairment 94,138 6,366 160,488 33,609 315,134 74,972 108,438 793,145 Total period-end balance $ 95,353 $ 6,366 $ 162,312 $ 33,609 $ 315,759 $ 74,990 $ 109,233 $ 797,622 Balance of loans acquired with deteriorated credit quality $ 685 $ — $ 809 $ 1,052 $ — $ — $ 37 $ 2,583 Impaired Loans The Company considers a loan to be impaired when, based on current information and events, the Company determines that it will not be able to collect all amounts due according to the loan agreement, including scheduled interest payments. Generally, those loans rated special mention or lower are evaluated for impairment each quarter. Determination of impairment is treated the same across all classes of loans. When the Company identifies a loan as impaired, it measures the impairment based on the present value of expected future cash flows, discounted at the loan’s effective interest rate, except when the sole (remaining) source of repayment for the loans is the operation or liquidation of the collateral. In these cases when foreclosure is probable, the Company uses the current fair value of the collateral, less selling costs, instead of discounted cash flows. If the Company determines that the value of the impaired loan is less than the recorded investment in the loan (net of previous charge-offs, deferred loan fees or costs and unamortized premium or discount), the Company recognizes impairment through an allowance estimate or a charge-off to the allowance for loan losses. When the ultimate collectability of the total principal of an impaired loan is in doubt and the loan is on nonaccrual, all payments are applied to principal, under the cost recovery method. When the ultimate collectability of the total principal of an impaired loan is not in doubt and the loan is on nonaccrual, contractual interest is credited to interest income when received, under the cash basis method. As of March 31, 2017 and December 31, 2016 , the Company was not committed to lend additional funds to any customer whose loan was classified as impaired. The following tables include the recorded investment and unpaid principal balances for impaired loans with the associated allowance amount, if applicable, as of the dates indicated. The Company determined the specific allowance based on the present values of expected future cash flows, discounted at the loan’s effective interest rate, except when the remaining source of repayment for the loan is the operation or liquidation of the collateral. In those cases, the current fair value of the collateral, less estimated selling cost, was used to determine the specific allowance recorded (dollars in thousands). March 31, 2017 Recorded Investment Unpaid Principal Balance Related Allowance With no related allowance recorded: Construction and development $ 640 $ 657 $ — 1-4 Family 1,662 1,691 — Commercial real estate 606 621 — Total mortgage loans on real estate 2,908 2,969 — Commercial and industrial 34 34 — Consumer 160 176 — Total 3,102 3,179 — With related allowance recorded: Commercial and industrial 404 406 130 Consumer 1,013 1,036 329 Total 1,417 1,442 459 Total loans: Construction and development 640 657 — 1-4 Family 1,662 1,691 — Commercial real estate 606 621 — Total mortgage loans on real estate 2,908 2,969 — Commercial and industrial 438 440 130 Consumer 1,173 1,212 329 Total $ 4,519 $ 4,621 $ 459 December 31, 2016 Recorded Investment Unpaid Principal Balance Related Allowance With no related allowance recorded: Construction and development $ 645 $ 661 $ — 1-4 Family 1,673 1,701 — Commercial real estate 608 623 — Total mortgage loans on real estate 2,926 2,985 — Commercial and industrial 15 16 Consumer 153 166 — Total 3,094 3,167 — With related allowance recorded: Commercial and industrial 428 430 136 Consumer 855 873 287 Total 1,283 1,303 423 Total loans: Construction and development 645 661 — 1-4 Family 1,673 1,701 — Commercial real estate 608 623 — Total mortgage loans on real estate 2,926 2,985 — Commercial and industrial 443 446 136 Consumer 1,008 1,039 287 Total $ 4,377 $ 4,470 $ 423 Presented in the tables below is the average recorded investment of the impaired loans and the related amount of interest income recognized during the time within the period that the loans were impaired. The average balances are calculated based on the month-end balances of the loans during the periods reported (dollars in thousands). Three months ended March 31, 2017 2016 Average Recorded Investment Interest Income Recognized Average Recorded Investment Interest Income Recognized With no related allowance recorded: Construction and development $ 641 $ 5 $ 1,226 $ 10 1-4 Family 1,666 17 1,702 17 Commercial real estate 607 2 626 1 Total mortgage loans on real estate 2,914 24 3,554 28 Commercial and industrial 37 — 13 — Consumer 226 1 204 2 Total 3,177 25 3,771 30 With related allowance recorded: Commercial and industrial 404 — — — Consumer 925 1 574 3 Total 1,329 1 574 3 Total loans: Construction and development 641 5 1,226 10 1-4 Family 1,666 17 1,702 17 Commercial real estate 607 2 626 1 Total mortgage loans on real estate 2,914 24 3,554 28 Commercial and industrial 441 — 13 — Consumer 1,151 2 778 5 Total $ 4,506 $ 26 $ 4,345 $ 33 Troubled Debt Restructurings In situations where, for economic or legal reasons related to a borrower’s financial difficulties, the Company grants a concession for other than an insignificant period of time to the borrower that the Company would not otherwise consider, the related loan is classified as a troubled debt restructuring (“TDR”). The Company strives to identify borrowers in financial difficulty early and work with them to modify their loans to more affordable terms before such loans reach nonaccrual status. These modified terms may include rate reductions, principal forgiveness, payment forbearance and other actions intended to minimize the economic loss and to avoid foreclosure or repossession of the collateral. In cases in which the Company grants the borrower new terms that provide for a reduction of either interest or principal, the Company measures any impairment on the restructuring as previously noted for impaired loans. Loans classified as TDRs, consisting of eighteen credits, totaled approximately $2.4 million at both March 31, 2017 and December 31, 2016 . Eight of the restructured loans were considered TDRs due to modification of terms through adjustments to maturity, nine of the restructured loans were considered TDRs due to a reduction in the interest rate to a rate lower than the current market rate, and one restructured loan was considered a TDR due to modification of terms through principal payment forbearance, paying interest only for a specified period of time. As of March 31, 2017 and December 31, 2016 , all restructured loans were performing under their modified terms. The Company individually evaluates each TDR for allowance purposes, primarily based on collateral value, and excludes these loans from the loan population that is evaluated by applying qualitative factors. As of March 31, 2017 and December 31, 2016 , the Company was not committed to lend additional funds to any customer whose loan was classified as a TDR. The table below presents the TDR pre- and post-modification outstanding recorded investments by loan categories for loans modified during the three month periods ended March 31, 2017 and 2016 (dollars in thousands). March 31, 2017 March 31, 2016 Number of Contracts Pre- Modification Outstanding Recorded Investment Post- Modification Outstanding Recorded Investment Number of Pre- Post- Troubled Debt Restructurings 1-4 Family — $ — $ — 9 $ 457 $ 457 Total $ — $ — $ 457 $ 457 There were no loans modified under troubled debt restructurings during the previous twelve month period that subsequently defaulted during the three months ended March 31, 2017 and 2016 .

SUBORDINATED DEBT SECURITIES

SUBORDINATED DEBT SECURITIES	3 Months Ended
	Mar. 31, 2017
Debt Disclosure [Abstract]
SUBORDINATED DEBT SECURITIES	SUBORDINATED DEBT SECURITIES On March 24, 2017 , the Company issued and sold $18.6 million in aggregate principal amount of its 6.00% Fixed-to-Floating Rate Subordinated Notes due March 30, 2027 . Beginning on March 30, 2022 , the Company may redeem the Notes, in whole or in part, at their principal amount plus any accrued and unpaid interest. The Notes bear an interest rate of 6.00% per annum until March 30, 2022 , on which date the interest rate will reset quarterly to an annual interest rate equal to the then-current LIBOR plus 394.5 basis points. The carrying value of subordinated debt was $18.1 million at March 31, 2017 . The subordinated debt securities were recorded net of issuance costs of $ 0.5 million . The issuance costs are being amortized using the straight-line method over the life of the Notes.

STOCKHOLDRES' EQUITY STOCKHOLDE

STOCKHOLDRES' EQUITY STOCKHOLDERS' EQUITY	3 Months Ended
	Mar. 31, 2017
Equity [Abstract]
STOCKHOLDERS' EQUITY	STOCKHOLDERS’ EQUITY On March 22, 2017 , the Company completed a common stock offering of approximately 1.6 million shares of its common stock at a price of $21.25 per share. The common stock offering generated net proceeds of $32.6 million . Total stockholders' equity was $148.3 million at March 31, 2017 , compared to $112.8 million at December 31, 2016 .

STOCK-BASED COMPENSATION

STOCK-BASED COMPENSATION	3 Months Ended
	Mar. 31, 2017
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
STOCK-BASED COMPENSATION	STOCK-BASED COMPENSATION Equity Incentive Plan. The Company’s 2014 Long-Term Incentive Compensation Plan (the “Plan”) authorizes the grant of various types of equity grants and awards, such as restricted stock, stock options and stock appreciation rights to eligible participants, which include all of the Company’s employees and non-employee directors. The Plan has reserved 600,000 shares of common stock for grant, award or issuance to directors and employees, including shares underlying granted options. The Plan is administered by the Compensation Committee of the Company’s Board of Directors, which determines, within the provisions of the Plan, those eligible employees to whom, and the times at which, grants and awards will be made. The Compensation Committee, in its discretion, may delegate its authority and duties under the Plan to specified officers; however, only the Compensation Committee may approve the terms of grants and awards to the Company’s executive officers. Stock Options The Company uses a Black-Scholes option pricing model to estimate the fair value of share-based awards. The Black-Scholes option pricing model incorporates various and highly subjective assumptions, including expected term and expected volatility. Stock option expense in the accompanying consolidated statement of operations for the three months ended March 31, 2017 and 2016 were $51,000 and $43,000 , respectively. The assumptions presented below were used for the options granted during the three months ended March 31, 2017 . Expected dividends 0.22 % Expected volatility 20.46 % Risk-free interest rate 2.19 % Expected term (in years) 7.0 Weighted-average grant date fair value $ 5.39 At March 31, 2017 , there was $0.8 million of unrecognized compensation cost related to stock options that is expected to be recognized over a weighted-average period of 3.5 years . The table below summarizes stock option activity for the periods presented. Three months ended March 31, 2017 2016 Number of Options Weighted Average Exercise Price Number of Options Weighted Average Exercise Price Outstanding at beginning of period 319,364 $ 14.37 278,352 $ 14.37 Granted 36,177 20.25 46,512 14.28 Forfeited (5,334 ) 14.00 — — Exercised (15,041 ) 13.45 — — Outstanding at end of period 335,166 $ 15.05 324,864 $ 14.36 Exercisable at end of period 82,310 $ 14.30 47,351 $ 13.82 At March 31, 2017 , the shares underlying outstanding stock options and exercisable stock options had aggregate intrinsic values of $2.3 million and $0.6 million , respectively. Time Vested Restricted Stock Awards During the three months ended March 31, 2017 and 2016 , the Company issued shares of time vested restricted stock with vesting terms ranging from two to five years . The total share-based compensation expense to be recognized for these awards is determined based on the market price of the Company’s common stock at the grant date applied to the total number of shares awarded and is amortized over the vesting period. The table below summarizes the time vested restricted stock award activity for the periods presented. Three months ended March 31, 2017 2016 Shares Weighted Average Grant Date Fair Value Shares Weighted Average Grant Date Fair Value Balance at beginning of period 93,366 $ 14.75 60,592 $ 14.85 Granted 51,702 20.10 54,175 14.66 Forfeited (3,035 ) 14.72 (1,157 ) 16.32 Earned and issued (13,168 ) 14.93 (1,159 ) 15.33 Balance at end of period 128,865 $ 16.88 112,451 $ 14.74 At March 31, 2017 , there was $2.0 million of unrecognized compensation cost related to time vested restricted stock awards that is expected to be recognized over a weighted average period of 3.7 years .

DERIVATIVE FINANCIAL INSTRUMENT

DERIVATIVE FINANCIAL INSTRUMENTS	3 Months Ended
	Mar. 31, 2017
Derivative Instruments and Hedging Activities Disclosure [Abstract]
DERIVATIVE FINANCIAL INSTRUMENTS	DERIVATIVE FINANCIAL INSTRUMENTS The Company currently holds interest rate swap contracts to manage exposure against the variability in the expected future cash flows (future interest payments) attributable to changes in the 1-month LIBOR associated with the forecasted issuances of 1-month fixed rate debt arising from a rollover strategy. An interest rate swap is an agreement whereby one party agrees to pay a fixed rate of interest on a notional principal amount in exchange for receiving a floating rate of interest on the same notional amount, for a predetermined period of time, from a second party. The amounts relating to the notional principal amount are not actually exchanged. The maximum length of time over which the Company is currently hedging its exposure to the variability in future cash flows for forecasted transactions is approximately 3.4 years . The total notional amount of the derivative contracts is $50.0 million . For the three months ended March 31, 2017 and 2016 , a gain of $0.1 million and a loss of $0.4 million , respectively, have been recognized in "Other comprehensive income (loss)" in the accompanying consolidated statements of comprehensive income for the change in fair value of the interest rate swaps. The swap contracts had a fair value of $0.2 million as of March 31, 2017 and have been recorded in "Other assets" in the accompanying consolidated balance sheet. The accumulated gain of $0.1 million included in "Accumulated other comprehensive loss" in the accompanying consolidated balance sheet would be reclassified to current earnings if the hedge transactions become probable of not occurring. The Company expects the hedges to remain fully effective during the remaining term of the swap contracts.

FAIR VALUES OF FINANCIAL INSTRU

FAIR VALUES OF FINANCIAL INSTRUMENTS	3 Months Ended
	Mar. 31, 2017
Fair Value Disclosures [Abstract]
FAIR VALUES OF FINANCIAL INSTRUMENTS	FAIR VALUES OF FINANCIAL INSTRUMENTS In accordance with FASB ASC Topic 820, Fair Value Measurement and Disclosure (“ASC 820”), disclosure of fair value information about financial instruments, whether or not recognized in the balance sheet, is required. The fair value of a financial instrument is the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date under current market conditions. Fair value is best determined based upon quoted market prices. In cases where quoted market prices are not available, fair values are based on estimates using present value or other valuation techniques. Those techniques are significantly affected by the assumptions used, including the discount rate and estimates of future cash flows, and the fair value estimates may not be realized in an immediate settlement of the instruments. Accordingly, the aggregate fair value amounts presented do not represent the underlying value of the Company. If there has been a significant decrease in the volume and level of activity for the asset or liability, a change in valuation technique or the use of multiple valuation techniques may be appropriate. In such instances, determining the price at which willing market participants would transact at the measurement date under current market conditions depends on the facts and circumstances and requires use of significant judgment. The fair value is a reasonable point within the range that is most representative of fair value under current market conditions. Fair Value Hierarchy In accordance with ASC 820, the Company groups its financial assets and financial liabilities measured at fair value in three levels, based on the markets in which the assets and liabilities are traded and the reliability of the assumptions used to determine fair value. Level 1 – Valuation is based upon quoted prices for identical assets or liabilities traded in active markets. Level 2 – Valuation is based upon observable inputs other than quoted prices included in level 1, such as quoted prices for similar assets and liabilities in active markets, quoted prices for identical or similar assets or liabilities in markets that are not active, or other inputs that are observable or can be corroborated by observable market data. Level 3 – Valuation is based upon unobservable inputs that are supported by little or no market activity and that are significant to the fair value of the assets or liabilities. This includes certain pricing models, discounted cash flow methodologies and similar techniques that use significant unobservable inputs. A financial instrument’s categorization within the valuation hierarchy is based upon the lowest level of input that is significant to the fair value measurement. The following methods and assumptions were used by the Company in estimating fair value disclosures for financial instruments: Cash and Due from Banks – For these short-term instruments, fair value is the carrying value. Cash and due from banks is classified in level 1 of the fair value hierarchy. Federal Funds Sold – The fair value is the carrying value. The Company classifies these assets in level 1 of the fair value hierarchy. Investment Securities and Other Equity Securities – Where quoted prices are available in an active market, the Company classifies the securities within level 1 of the valuation hierarchy. Securities are defined as both long and short positions. Level 1 securities include highly liquid government bonds and exchange-traded equities. If quoted market prices are not available, the Company estimates fair values using pricing models and discounted cash flows that consider standard input factors such as observable market data, benchmark yields, interest rate volatilities, broker/dealer quotes, and credit spreads. Examples of such instruments, which would generally be classified within level 2 of the valuation hierarchy, include Government Sponsored Enterprise obligations, corporate bonds and other securities. Mortgage-backed securities are included in level 2 if observable inputs are available. In certain cases where there is limited activity or less transparency around inputs to the valuation, the Company classifies those securities in level 3. Equity securities are valued based on market quoted prices and are classified in level 1 as they are actively traded. Loans – For variable-rate loans that re-price frequently and with no significant change in credit risk, fair values are based on carrying values. Fair values for certain mortgage loans (for example, one-to-four family residential), credit card loans, and other consumer loans are based on quoted market prices of similar instruments sold in conjunction with securitization transactions, adjusted for differences in loan characteristics. Fair values for other loans (for example, commercial real estate and investment property mortgage loans, commercial and industrial loans) are estimated using discounted cash flow analyses, using market interest rates for comparable loans. Fair values for nonperforming loans, which are loans for which the accrual of interest has stopped or loans that are contractually 90 past due on which interest continues to accrue, are estimated using discounted cash flow analyses or underlying collateral values, where applicable. The Company classifies loans in level 3 of the fair value hierarchy. Deposit Liabilities – The fair values disclosed for noninterest-bearing demand deposits are, by definition, equal to the amount payable on demand at the reporting date (that is, their carrying amounts). These noninterest-bearing deposits are classified in level 2 of the fair value hierarchy. The carrying amounts of variable-rate (for example interest-bearing checking, savings, and money market accounts), fixed-term money market accounts and certificates of deposit approximate their fair values at the reporting date. Fair values for fixed-rate certificates of deposit are estimated using a discounted cash flow calculation that applies market interest rates on comparable instruments to a schedule of aggregated expected monthly maturities on time deposits. All interest-bearing deposits are classified in level 3 of the fair value hierarchy. Short-Term Borrowings – The carrying amounts of federal funds purchased, borrowings under repurchase agreements, and other short-term borrowings maturing within 90 days approximate their fair values. The Company classifies these borrowings in level 2 of the fair value hierarchy. Long-Term Borrowings – The fair values of long-term borrowings are estimated using discounted cash flows analyses based on the Company’s current incremental borrowing rates for similar types of borrowing arrangements. The fair value of the Company’s long-term debt is therefore classified in level 3 in the fair value hierarchy. Subordinated Debt Securities - The fair value of subordinated debt is estimated based on current market rates on similar debt in the market. The Company classifies this debt in level 2 of the fair value hierarchy. Commitments – The fair value of commitments to extend credit was not significant. Derivative Instruments – The fair value for interest rate swap agreements are based upon the amounts required to settle the contracts. These derivative instruments are classified in level 2 of the fair value hierarchy. Fair Value of Assets and Liabilities Measured on a Recurring Basis Assets and liabilities measured at fair value on a recurring basis are summarized in the table below as of the dates indicated (dollars in thousands). Estimated Fair Value Quoted Prices in Active Markets for Identical Assets (Level 1) Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) March 31, 2017 Assets: Obligations of other U.S. government agencies $ 40,300 $ — $ 40,300 $ — Obligations of state and political subdivisions 27,688 — 9,385 18,303 Corporate bonds 14,974 — 13,649 1,325 Residential mortgage-backed securities 88,027 — 88,027 — Commercial mortgage-backed securities 2,445 — 2,445 — Equity securities 705 705 — — Derivative financial instruments 192 — 192 — Total assets $ 174,331 $ 705 $ 153,998 $ 19,628 December 31, 2016 Assets: Obligations of other U.S. government agencies $ 29,490 $ — $ 29,490 $ — Obligations of state and political subdivisions 27,855 — 10,199 17,656 Corporate bonds 14,968 — 14,344 624 Residential mortgage-backed securities 87,588 — 87,588 — Commercial mortgage-backed securities 2,444 — 2,444 — Equity securities 706 706 — — Derivative financial instruments 8 — 8 — Total assets $ 163,059 $ 706 $ 144,073 $ 18,280 The Company reviews fair value hierarchy classifications on a quarterly basis. Changes in the Company’s ability to observe inputs to the valuation may cause reclassification of certain assets or liabilities within the fair value hierarchy. The tables below provide a reconciliation for assets measured at fair value on a recurring basis using significant unobservable inputs, or Level 3 inputs, for the three months ended March 31, 2017 and March 31, 2016 (dollars in thousands). Obligations of State and Political Subdivisions Corporate Bonds Total Balance at December 31, 2016 $ 17,656 $ 624 $ 18,280 Realized gains (losses) included in net income — — — Unrealized gains (losses) included in other comprehensive income 647 1 648 Purchases — 700 700 Sales — — — Transfers into Level 3 — — — Transfers out of Level 3 — — — Balance at March 31, 2017 $ 18,303 $ 1,325 $ 19,628 Obligations of Corporate Total Balance at December 31, 2015 $ 10,395 $ 1,136 $ 11,531 Realized gains (losses) included in net income — — — Unrealized gains (losses) included in other comprehensive income 166 (9 ) 157 Purchases — — — Sales — — — Transfers into Level 3 — — — Transfers out of Level 3 — — — Balance at March 31, 2016 $ 10,561 $ 1,127 $ 11,688 Fair Value of Assets Measured on a Nonrecurring Basis Assets measured at fair value on a nonrecurring basis are summarized in the table below as of the dates indicated (dollars in thousands). Estimated Valuation Technique Unobservable Inputs Range of Discounts Weighted Average Discount March 31, 2017 Impaired loans $ 251 Discounted cash flows, Underlying collateral value Collateral discounts and estimated costs to sell 0% - 100% 30% December 31, 2016 Impaired loans $ 801 Discounted cash flows, Underlying collateral value Collateral discounts and estimated costs to sell 1% - 100% 32% There were no liabilities measured on a nonrecurring basis at March 31, 2017 or December 31, 2016 . The estimated fair values of the Company’s financial instruments are summarized in the table below as of the dates indicated (dollars in thousands). March 31, 2017 Carrying Amount Estimated Fair Value Level 1 Level 2 Level 3 Financial assets: Cash and due from banks $ 26,643 $ 26,643 $ 26,643 $ — $ — Investment securities 193,787 193,561 705 160,522 32,334 Other equity securities 6,320 6,320 — 6,320 — Loans, net of allowance 894,905 898,801 — — 898,801 Derivative financial instruments 192 192 — 192 — Financial liabilities: Deposits, noninterest-bearing $ 112,514 $ 112,514 $ — $ 112,514 $ — Deposits, interest-bearing 756,040 736,314 — — 736,314 FHLB short-term advances and repurchase agreements 110,674 110,674 — 110,674 — FHLB long-term advances 8,100 8,007 — — 8,007 Junior subordinated debt 3,609 2,908 — — 2,908 Subordinated debt 18,600 18,613 — 18,613 — Other borrowings 78 78 — 78 — December 31, 2016 Carrying Amount Estimated Fair Value Level 1 Level 2 Level 3 Financial assets: Cash and due from banks $ 29,342 $ 29,342 $ 29,342 $ — $ — Federal funds sold 106 106 106 — — Investment securities 183,142 182,663 706 151,128 30,829 Other equity securities 5,362 5,362 — 5,362 — Loans, net of allowance 886,375 890,949 — — 890,949 Derivative financial instruments 8 8 — 8 — Financial liabilities: Deposits, noninterest-bearing $ 108,404 $ 108,404 $ — $ 108,404 $ — Deposits, interest-bearing 799,383 779,397 — — 779,397 FHLB short-term advances and repurchase agreements 112,690 112,690 — 112,690 — FHLB long-term advances 9,200 9,233 — — 9,233 Junior subordinated debt 3,609 3,635 — — 3,635 Other borrowings 1,000 1,001 — 1,001 —

INCOME TAXES

INCOME TAXES	3 Months Ended
	Mar. 31, 2017
Income Tax Disclosure [Abstract]
INCOME TAXES	INCOME TAXES The expense for income taxes and the effective tax rate included in the consolidated statements of operations are shown in the table below for the periods presented (dollars in thousands). Three months ended March 31, 2017 2016 Income tax expense $ 847 $ 1,006 Effective tax rate 31.2 % 33.6 % The effective tax rates differ from the statutory tax rate of 35% largely due to tax exempt interest income earned on certain investment securities.

COMMITMENTS AND CONTINGENCIES

COMMITMENTS AND CONTINGENCIES	3 Months Ended
	Mar. 31, 2017
Commitments and Contingencies Disclosure [Abstract]
COMMITMENTS AND CONTINGENCIES	COMMITMENTS AND CONTINGENCIES The Company is a party to financial instruments with off-balance-sheet risk entered into in the normal course of business to meet the financing needs of its customers. These financial instruments include commitments to extend credit consisting of loan commitments and standby letters of credit, which are not included in the accompanying financial statements. Commitments to extend credit are agreements to lend money with fixed expiration dates or termination clauses. The Company applies the same credit standards used in the lending process when extending these commitments, and periodically reassesses the customer’s creditworthiness through ongoing credit reviews. Since some commitments are expected to expire without being drawn upon, the total commitment amounts do not necessarily represent future cash requirements. Collateral is obtained based on the Company’s assessment of the transaction. Essentially all standby letters of credit issued have expiration dates within one year. The table below shows the approximate amounts of the Company’s commitments to extend credit as of the dates presented (dollars in thousands). March 31, 2017 December 31, 2016 Commitments to extend credit Loan commitments $ 139,168 $ 142,891 Standby letters of credit 1,008 1,008 Additionally, at March 31, 2017 , the Company had unfunded commitments of $0.9 million for its investment in Small Business Investment Company qualified funds During the first quarter of 2017, the Company announced that it has entered into a definitive agreement to acquire Citizens Bancshares, Inc. (“Citizens”) and its wholly-owned subsidiary, Citizens Bank, in Ville Platte, Louisiana, which has three branches in Evangeline Parish. The proposed acquisition transactions are expected to be completed in the third quarter of 2017. The Company’s acquisition of Citizens, which would be the first acquisition since the completion of its initial public offering, would expand its branch footprint in Louisiana, further bolstering its core deposit base and positioning the Company to continue to build on its existing record of growth and client service under the leadership of its current management team. Consequently, the Company recognized approximately $145,000 of expenses related to the potential acquisition, which is included in noninterest expense on the statement of operations for the three months ended March 31, 2017.

SUMMARY OF SIGNIFICANT ACCOUN22

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	3 Months Ended
	Mar. 31, 2017
Accounting Policies [Abstract]
Basis of Presentation	Basis of Presentation The accompanying unaudited consolidated financial statements of Investar Holding Corporation (the “Company”) have been prepared in accordance with United States generally accepted accounting principles (“GAAP”) for interim financial information and the instructions to Form 10-Q and Article 10 of Regulation S-X. Accordingly, they do not include information or footnotes necessary for a complete presentation of financial position, results of operations, and cash flows in conformity with GAAP. However, in the opinion of management, all adjustments (consisting of normal recurring adjustments) necessary for a fair presentation of the financial statements have been included. The results of operations for the three month period ended March 31, 2017 are not necessarily indicative of the results that may be expected for the entire fiscal year. These statements should be read in conjunction with the Company’s audited consolidated financial statements for the year ended December 31, 2016 , including the notes thereto, which were included as part of the Company’s Annual Report on Form 10-K filed with the Securities and Exchange Commission on March 9, 2017.
Nature of Operations	Nature of Operations Investar Holding Corporation, headquartered in Baton Rouge, Louisiana, provides full banking services, excluding trust services, through its wholly-owned banking subsidiary, Investar Bank (the “Bank”), a Louisiana-chartered bank. The Company’s primary market is South Louisiana. The Company currently operates 10 full service banking offices located throughout its market and had 152 employees at March 31, 2017 .
Principles of Consolidation	Principles of Consolidation The consolidated financial statements include the accounts of the Company and its wholly-owned subsidiary, the Bank. All significant intercompany accounts and transactions have been eliminated in consolidation.
Use of Estimates	Use of Estimates The preparation of statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and the disclosure of contingent assets and liabilities at the date of the financial statements as well as the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates, and such differences could be material. Material estimates that are particularly susceptible to significant change relate to the determination of the allowance for loan losses. While management uses available information to recognize losses on loans, future additions to the allowance may be necessary based on changes in local economic conditions. In addition, regulatory agencies, as an integral part of their examination process, periodically review the Company’s allowance for loan losses. Such agencies may require the Company to recognize additions to the allowance based on their judgments about information available to them at the time of their examination. Because of these factors, it is reasonably possible that the allowance for loan losses may change materially in the near term. However, the amount of the change that is reasonably possible cannot be estimated. Other estimates that are susceptible to significant change in the near term relate to the determination of other-than-temporary impairments of securities and the fair value of financial instruments.
Reclassifications	Reclassifications Certain reclassifications have been made to the 2016 financial statements to be consistent with the 2017 presentation.
Concentrations of Credit Risk	Concentrations of Credit Risk The Company’s loan portfolio consists of the various types of loans described in Note 4, Loans. Real estate or other assets secure most loans. The majority of loans have been made to individuals and businesses in the Company’s market of South Louisiana. Customers are dependent on the condition of the local economy for their livelihoods and servicing their loan obligations. The Company does not have any significant concentrations in any one industry or individual customer.
Recent Accounting Pronouncements	Recent Accounting Pronouncements FASB ASC Subtopic 310-20 “Receivables – Nonrefundable Fees and Other Costs, Premium Amortization on Purchased Callable Debt Securities” Update No. 2017-08. The Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) No. 2017-08 in March 2017. The amendments in the ASU shorten the amortization period for certain callable debt securities held at a premium. Specifically, the amendments require the premium to be amortized to the earliest call date. The amendments do not require an accounting change for securities held at a discount; the discount continues to be amortized to maturity. Update 2017-08 will be effective for the Company beginning January 1, 2019. Early adoption is permitted, including adoption in an interim period. If an entity early adopts in an interim period, any adjustments should be reflected as of the beginning of the fiscal year that includes that interim period. The amendments should be applied on a modified retrospective basis, with a cumulative-effect adjustment directly to retained earnings as of the beginning of the period of adoption. The Company is assessing the impact of ASU 2017-08 on its accounting and disclosures. FASB ASC Topic 350 “Intangibles – Goodwill and Other: Simplifying the Test for Goodwill Impairment” Update No. 2017-04. The FASB issued ASU No. 2017-04 in January 2017. The ASU simplifies how an entity is required to test goodwill for impairment by eliminating Step 2 from the goodwill impairment test. Therefore, any carrying amount which exceeds the reporting unit’s fair value, up to the amount of goodwill recorded, will be recognized as an impairment loss. ASU 2017-04 will be effective for the Company on January 1, 2020. The amendments will be applied prospectively on or after the effective date. Early adoption is permitted for interim or annual goodwill impairment tests performed on testing dates after January 1, 2017. Based on recent goodwill impairments tests, which did not require the application of Step 2, the Company does not expect the adoption of this ASU to have an immediate impact. FASB ASC Topic 805 “Business Combinations: Clarifying the Definition of a Business” Update No. 2017-01. The FASB issued ASU No. 2017-01 in January 2017. The amendments in the ASU are intended to clarify the definition and the current interpretation of a business to assist companies and other reporting organizations with evaluating whether transactions should be accounted for as acquisitions or disposals of assets or businesses. The ASU will be effective for the Company beginning January 1, 2018. The amendments will be applied prospectively on or after the effective date. Early application of the amendments in this ASU is allowed for transactions, including when a subsidiary or group of assets is deconsolidated/derecognized, in which the acquisition date occurs before the issuance date or effective date of the amendments, only when the transaction has not been reported in financial statements that have been issued or made available for issuance. The adoption of this standard is not expected to have a material impact on the Company’s financial statements. FASB ASC Topic 230 “Statement of Cash Flows – Classification of Certain Cash Receipts and Cash Payments” Update No. 2016-15. The FASB issued ASU No. 2016-15 in August 2016. The amendments in the ASU address eight specific cash flow issues with the objective of reducing the existing diversity in practice, as the issues are either unclear or do not have specific guidance under current GAAP. ASU 2016-15 will be effective on January 1, 2018. The adoption of this standard is not expected to have a material impact on the Company’s consolidated financial statements. FASB ASC Topic 326 “Financial Instruments – Credit Losses: Measurement of Credit Losses on Financial Instruments” Update No. 2016-13. The FASB issued ASU No. 2016-13 in June 2016. The amendments introduce an impairment model that is based on expected credit losses, rather than incurred losses, to estimate credit losses on certain types of financial instruments (e.g., loans and held-to-maturity securities), including certain off-balance sheet financial instruments (e.g., loan commitments). The expected credit losses should consider historical information, current information, and reasonable and supportable forecasts, including estimates of prepayments, over the contractual term. Financial instruments with similar risk characteristics may be grouped together when estimating expected credit losses. The ASU also amends the current AFS security impairment model for debt securities. The new model will require an estimate of expected credit losses when the fair value is below the amortized cost of the asset through the use of an allowance to record estimated credit losses (and subsequent recoveries). Non-credit related losses will continue to be recognized through other comprehensive income. In addition, the amendments provide for a simplified accounting model for purchased financial assets with a more-than-insignificant amount of credit deterioration since their origination. The initial estimate of expected credit losses would be recognized through an allowance for loan losses with an offset (i.e., increase) to the cost basis of the related financial asset at acquisition. ASU 2016-13 will be effective for the Company beginning January 1, 2020. The amendments will be applied through a modified-retrospective approach, resulting in a cumulative-effect adjustment to retained earnings as of the beginning of the first reporting period in which the guidance is effective. A prospective transition approach is required for debt securities for which other-than-temporary impairment had been recognized before the effective date. Amounts previously recognized in accumulated other comprehensive income as of the date of adoption that relate to improvements in cash flows expected to be collected should continue to be accreted into income over the remaining life of the asset. Recoveries of amounts previously written off relating to improvements in cash flows after the date of adoption should be recorded in earnings when received. Management is currently evaluating the potential impact of ASU 2016-13 on the Company’s consolidated financial statements.

EARNINGS PER SHARE (Tables)

EARNINGS PER SHARE (Tables)	3 Months Ended
	Mar. 31, 2017
Earnings Per Share [Abstract]
Computation of Basic and Diluted Earnings Per Common Share	The following is a summary of the information used in the computation of basic and diluted earnings per common share for the three months ended March 31, 2017 and 2016 (in thousands, except share data). Three months ended March 31, 2017 2016 Net income available to common shareholders $ 1,864 $ 1,990 Weighted average number of common shares outstanding used in computation of basic earnings per common share 7,205,942 7,194,558 Effect of dilutive securities: Restricted stock 20,604 15,353 Stock options 26,838 14,854 Stock warrants 23,485 11,267 Weighted average number of common shares outstanding plus effect of dilutive securities used in computation of diluted earnings per common share 7,276,869 7,236,032 Basic earnings per share $ 0.26 $ 0.28 Diluted earnings per share $ 0.26 $ 0.28

INVESTMENT SECURITIES (Tables)

INVESTMENT SECURITIES (Tables)	3 Months Ended
	Mar. 31, 2017
Schedule of Amortized Cost and Approximate Fair Value of Investment Securities Classified as Available for Sale	The amortized cost and approximate fair value of investment securities classified as available for sale are summarized below as of the dates presented (dollars in thousands). Amortized Cost Gross Unrealized Gains Gross Fair Value March 31, 2017 Obligations of other U.S. government agencies and corporations $ 40,555 $ 65 $ (320 ) $ 40,300 Obligations of state and political subdivisions 28,715 36 (1,063 ) 27,688 Corporate bonds 15,271 51 (348 ) 14,974 Residential mortgage-backed securities 88,604 167 (744 ) 88,027 Commercial mortgage-backed securities 2,507 — (62 ) 2,445 Equity securities 711 48 (54 ) 705 Total $ 176,363 $ 367 $ (2,591 ) $ 174,139 Amortized Cost Gross Gross Fair December 31, 2016 Obligations of other U.S. government agencies and corporations $ 29,809 $ 68 $ (387 ) $ 29,490 Obligations of state and political subdivisions 29,631 15 (1,791 ) 27,855 Corporate bonds 15,292 54 (378 ) 14,968 Residential mortgage-backed securities 88,295 193 (900 ) 87,588 Commercial mortgage-backed securities 2,520 — (76 ) 2,444 Equity securities 711 46 (51 ) 706 Total $ 166,258 $ 376 $ (3,583 ) $ 163,051
Schedule of Amortized Cost and Approximate Fair Value of Investment Securities Classified as Held to Maturity	The amortized cost and approximate fair value of investment securities classified as held to maturity are summarized below as of the dates presented (dollars in thousands). Amortized Cost Gross Gross Fair March 31, 2017 Obligations of state and political subdivisions $ 12,870 $ 7 $ (172 ) $ 12,705 Residential mortgage-backed securities 6,778 5 (66 ) 6,717 Total $ 19,648 $ 12 $ (238 ) $ 19,422 Amortized Cost Gross Gross Fair December 31, 2016 Obligations of state and political subdivisions $ 12,976 $ 2 $ (429 ) $ 12,549 Residential mortgage-backed securities 7,115 8 (60 ) 7,063 Total $ 20,091 $ 10 $ (489 ) $ 19,612
Schedule of Unrealized Losses and Fair Value by Investment Category for Securities Available for Sale	The following table presents, by type and number of securities, the age of gross unrealized losses and approximate fair value by investment category for securities available for sale as of the dates presented (dollars in thousands). Less than 12 Months 12 Months or More Total Count Fair Value Unrealized Losses Fair Value Unrealized Fair Value Unrealized March 31, 2017 Obligations of other U.S. government agencies and corporations 47 $ 25,563 $ (316 ) $ 440 $ (4 ) $ 26,003 $ (320 ) Obligations of state and political subdivisions 22 23,027 (1,063 ) — — 23,027 (1,063 ) Corporate bonds 25 2,745 (103 ) 7,180 (245 ) 9,925 (348 ) Residential mortgage-backed securities 104 56,232 (732 ) 1,988 (12 ) 58,220 (744 ) Commercial mortgage-backed securities 4 2,445 (62 ) — — 2,445 (62 ) Equity securities 3 5 (1 ) 486 (53 ) 491 (54 ) Total 205 $ 110,017 $ (2,277 ) $ 10,094 $ (314 ) $ 120,111 $ (2,591 ) Less than 12 Months 12 Months or More Total Count Fair Value Unrealized Fair Value Unrealized Fair Value Unrealized December 31, 2016 Obligations of other U.S. government agencies and corporations 45 $ 22,819 $ (382 ) $ 448 $ (5 ) $ 23,267 $ (387 ) Obligations of state and political subdivisions 33 25,764 (1,791 ) — — 25,764 (1,791 ) Corporate bonds 27 3,724 (132 ) 6,929 (246 ) 10,653 (378 ) Residential mortgage-backed securities 110 60,433 (883 ) 1,778 (17 ) 62,211 (900 ) Commercial mortgage-backed securities 4 2,444 (76 ) — — 2,444 (76 ) Equity securities 3 50 (4 ) 492 (47 ) 542 (51 ) Total 222 $ 115,234 $ (3,268 ) $ 9,647 $ (315 ) $ 124,881 $ (3,583 )
Schedule of Weighted Average Tax Equivalent Yield, Amortized Cost and Approximate Fair Value of Investment Debt Securities by Contractual Maturity (Including Mortgage-backed Securities)	The weighted average tax equivalent yield, amortized cost and approximate fair value of debt securities, by contractual maturity (including mortgage-backed securities), are shown below as of the dates presented. Actual maturities may differ from contractual maturities because borrowers may have the right to call or prepay obligations with or without call or prepayment penalties (dollars in thousands). Securities Available for Sale Securities Held to Maturity Weighted Average T.E. Yield Amortized Cost Fair Value Weighted Amortized Fair March 31, 2017 Due within one year 2.05 % $ 900 $ 898 7.17 % $ 685 $ 686 Due after one year through five years 2.33 11,641 11,654 7.17 3,095 3,100 Due after five years through ten years 2.93 26,963 26,611 7.17 2,745 2,730 Due after ten years 2.53 136,148 134,271 3.54 13,123 12,906 Total debt securities $ 175,652 $ 173,434 $ 19,648 $ 19,422 Securities Available for Sale Securities Held to Maturity Weighted Amortized Fair Weighted Amortized Fair December 31, 2016 Due within one year 1.61 % $ 1,753 $ 1,750 7.17 % $ 685 $ 686 Due after one year through five years 2.27 10,509 10,476 7.17 3,095 3,089 Due after five years through ten years 2.77 27,173 26,771 7.17 2,745 2,637 Due after ten years 2.51 126,112 123,348 3.17 13,566 13,200 Total debt securities $ 165,547 $ 162,345 $ 20,091 $ 19,612
Held to Maturity [Member]
Schedule of Unrealized Losses and Fair Value by Investment Category for Securities Held to Maturity	The following table presents, by type and number of securities, the age of gross unrealized losses and approximate fair value by investment category for securities held to maturity as of the dates presented (dollars in thousands). Less than 12 Months 12 Months or More Total Count Fair Value Unrealized Fair Value Unrealized Fair Value Unrealized March 31, 2017 Obligations of state and political subdivisions 3 $ 8,048 $ (172 ) $ — $ — $ 8,048 $ (172 ) Residential mortgage-backed securities 6 4,494 (66 ) — — 4,494 (66 ) Total 9 $ 12,542 $ (238 ) $ — $ — $ 12,542 $ (238 ) Less than 12 Months 12 Months or More Total Count Fair Value Unrealized Fair Value Unrealized Fair Value Unrealized December 31, 2016 Obligations of state and political subdivisions 5 $ 9,597 $ (429 ) $ — $ — $ 9,597 $ (429 ) Residential mortgage-backed securities 6 4,677 (60 ) — — 4,677 (60 ) Total 11 $ 14,274 $ (489 ) $ — $ — $ 14,274 $ (489 )

LOANS (Tables)

LOANS (Tables)	3 Months Ended
	Mar. 31, 2017
Receivables [Abstract]
Schedule of Loan Portfolio Excluding Loans Held for Sale	The Company’s loan portfolio consists of the following categories of loans as of the dates presented (dollars in thousands). March 31, 2017 December 31, 2016 Construction and development $ 95,541 $ 90,737 1-4 Family 172,148 177,205 Multifamily 47,776 42,759 Farmland 7,994 8,207 Commercial real estate 392,464 380,716 Total mortgage loans on real estate 715,923 699,624 Commercial and industrial 90,352 85,377 Consumer 95,873 108,425 Total loans $ 902,148 $ 893,426
Schedule of Aging Analysis of Loans	The table below provides an analysis of the aging of loans as of the dates presented (dollars in thousands). March 31, 2017 Past Due and Accruing 30-59 days 60-89 days 90 or more days Nonaccrual Total Past Due & Nonaccrual Current Total Loans Construction and development $ — $ — $ — $ 478 $ 478 $ 95,063 $ 95,541 1-4 Family — — — 46 46 172,102 172,148 Multifamily — — — — — 47,776 47,776 Farmland — — — — — 7,994 7,994 Commercial real estate — — — — — 392,464 392,464 Total mortgage loans on real estate — — — 524 524 715,399 715,923 Commercial and industrial 24 5 — 438 467 89,885 90,352 Consumer 122 74 8 1,173 1,377 94,496 95,873 Total loans $ 146 $ 79 $ 8 $ 2,135 $ 2,368 $ 899,780 $ 902,148 December 31, 2016 Past Due and Accruing 30-59 days 60-89 days 90 or more days Nonaccrual Total Past Due & Nonaccrual Current Total Loans Construction and development $ 48 $ — $ — $ 480 $ 528 $ 90,209 $ 90,737 1-4 Family 427 — — 47 474 176,731 177,205 Multifamily — — — — — 42,759 42,759 Farmland — — — — — 8,207 8,207 Commercial real estate — — — — — 380,716 380,716 Total mortgage loans on real estate 475 — — 527 1,002 698,622 699,624 Commercial and industrial 30 — — 443 473 84,904 85,377 Consumer 378 149 1 1,008 1,536 106,889 108,425 Total loans $ 883 $ 149 $ 1 $ 1,978 $ 3,011 $ 890,415 $ 893,426
Summary of the Company's Loan Portfolio by Category and Credit Quality Indicator	The table below presents the Company’s loan portfolio by category and credit quality indicator as of the dates presented (dollars in thousands). March 31, 2017 Pass Special Mention Substandard Total Construction and development $ 95,044 $ — $ 497 $ 95,541 1-4 Family 172,056 — 92 172,148 Multifamily 46,919 — 857 47,776 Farmland 7,994 — — 7,994 Commercial real estate 391,892 — 572 392,464 Total mortgage loans on real estate 713,905 — 2,018 715,923 Commercial and industrial 87,349 — 3,003 90,352 Consumer 94,278 422 1,173 95,873 Total loans $ 895,532 $ 422 $ 6,194 $ 902,148 December 31, 2016 Pass Special Mention Substandard Total Construction and development $ 90,238 $ — $ 499 $ 90,737 1-4 Family 177,091 20 94 177,205 Multifamily 42,759 — — 42,759 Farmland 8,207 — — 8,207 Commercial real estate 380,716 — — 380,716 Total mortgage loans on real estate 699,011 20 593 699,624 Commercial and industrial 83,215 59 2,103 85,377 Consumer 106,916 501 1,008 108,425 Total loans $ 889,142 $ 580 $ 3,704 $ 893,426
Schedule of Aggregate Amount of Loans to Related Parties	The table below shows the aggregate amount of loans to such related parties as of the dates presented (dollars in thousands). March 31, 2017 December 31, 2016 Balance, beginning of period $ 19,957 $ 17,992 New loans 2,462 5,058 Repayments and changes in relationship (1,731 ) (3,093 ) Balance, end of period $ 20,688 $ 19,957
Changes in Carrying Value, Net of Allowance for Loan Losses, of Acquired Impaired Loans	The following table presents changes in the carrying value, net of allowance for loan losses, of acquired impaired loans, or loans accounted for under ASC 310-30, for the periods presented (dollars in thousands). Acquired Impaired Carrying value, net at December 31, 2015 $ 2,690 Accretion to interest income 121 Net transfers from (to) nonaccretable difference to (from) accretable yield 1 Payments received, net (551 ) Charge-offs (85 ) Carrying value, net at December 31, 2016 $ 2,176 Accretion to interest income 25 Payments received, net (8 ) Carrying value, net at March 31, 2017 $ 2,193
Summary of Accretable Yield on Acquired Impaired Loans	The table below shows the changes in the accretable yield on acquired impaired loans for the periods presented (dollars in thousands). Acquired Balance, period ended December 31, 2015 $ 395 Net transfers from (to) nonaccretable difference to (from) accretable yield 1 Accretion to interest income (121 ) Balance, period ended December 31, 2016 $ 275 Accretion to interest income (25 ) Balance, period ended March 31, 2017 $ 250

ALLOWANCE FOR LOAN LOSSES (Tabl

ALLOWANCE FOR LOAN LOSSES (Tables)	3 Months Ended
	Mar. 31, 2017
Receivables [Abstract]
Schedule of Allowance for Loan Losses	The table below shows a summary of the activity in the allowance for loan losses for the three months ended March 31, 2017 and 2016 (dollars in thousands). Three months ended March 31, 2017 2016 Balance, beginning of period $ 7,051 $ 6,128 Provision for loan losses 350 454 Loans charged off (166 ) (156 ) Recoveries 8 37 Balance, end of period $ 7,243 $ 6,463
Summary of Allowance for Loan Losses	The following tables outline the activity in the allowance for loan losses by collateral type for the three months ended March 31, 2017 and 2016 , and show both the allowances and portfolio balances for loans individually and collectively evaluated for impairment as of March 31, 2017 and 2016 (dollars in thousands). Three months ended March 31, 2017 Construction & Farmland 1-4 Multifamily Commercial Commercial & Consumer Total Allowance for loan losses: Beginning balance $ 579 $ 60 $ 1,377 $ 355 $ 2,499 $ 759 $ 1,422 7,051 Provision 112 (6 ) (141 ) 19 409 (15 ) (28 ) 350 Charge-offs — — — — — — (166 ) (166 ) Recoveries 3 — 1 — — — 4 8 Ending balance $ 694 $ 54 $ 1,237 $ 374 $ 2,908 $ 744 $ 1,232 $ 7,243 Ending allowance balance for loans individually evaluated for impairment — — — — — 130 329 459 Ending allowance balance for loans collectively evaluated for impairment $ 694 $ 54 $ 1,237 $ 374 $ 2,908 $ 614 $ 903 $ 6,784 Ending allowance balance for loans acquired with deteriorated credit quality $ — $ — $ — $ — $ — $ — $ — $ — Loans receivable: Balance of loans individually evaluated for impairment $ 640 $ — $ 1,662 $ — $ 606 $ 438 $ 1,173 $ 4,519 Balance of loans collectively evaluated for impairment 94,901 7,994 170,486 47,776 391,858 89,914 94,700 897,629 Total period-end balance $ 95,541 $ 7,994 $ 172,148 $ 47,776 $ 392,464 $ 90,352 $ 95,873 $ 902,148 Balance of loans acquired with deteriorated credit quality $ 658 $ — $ 489 $ 1,046 $ — $ — $ — $ 2,193 Three months ended March 31, 2016 Construction & Farmland 1-4 Multifamily Commercial Commercial & Consumer Total Allowance for loan losses: Beginning balance $ 644 $ 22 $ 1,213 $ 246 $ 2,156 $ 513 $ 1,334 $ 6,128 Provision 89 24 44 33 135 17 112 454 Charge-offs (7 ) — (7 ) — — — (142 ) (156 ) Recoveries 3 — 7 — 1 20 6 37 Ending balance $ 729 $ 46 $ 1,257 $ 279 $ 2,292 $ 550 $ 1,310 $ 6,463 Ending allowance balance for loans individually evaluated for impairment — — — — — — 233 233 Ending allowance balance for loans collectively evaluated for impairment $ 729 $ 46 $ 1,257 $ 279 $ 2,292 $ 550 $ 1,077 $ 6,230 Ending allowance balance for loans acquired with deteriorated credit quality $ — $ — $ — $ — $ — $ — $ — $ — Loans receivable: Balance of loans individually evaluated for impairment $ 1,215 $ — $ 1,824 $ — $ 625 $ 18 $ 795 $ 4,477 Balance of loans collectively evaluated for impairment 94,138 6,366 160,488 33,609 315,134 74,972 108,438 793,145 Total period-end balance $ 95,353 $ 6,366 $ 162,312 $ 33,609 $ 315,759 $ 74,990 $ 109,233 $ 797,622 Balance of loans acquired with deteriorated credit quality $ 685 $ — $ 809 $ 1,052 $ — $ — $ 37 $ 2,583
Schedule of Aging Analysis of Loans	The following tables include the recorded investment and unpaid principal balances for impaired loans with the associated allowance amount, if applicable, as of the dates indicated. The Company determined the specific allowance based on the present values of expected future cash flows, discounted at the loan’s effective interest rate, except when the remaining source of repayment for the loan is the operation or liquidation of the collateral. In those cases, the current fair value of the collateral, less estimated selling cost, was used to determine the specific allowance recorded (dollars in thousands). March 31, 2017 Recorded Investment Unpaid Principal Balance Related Allowance With no related allowance recorded: Construction and development $ 640 $ 657 $ — 1-4 Family 1,662 1,691 — Commercial real estate 606 621 — Total mortgage loans on real estate 2,908 2,969 — Commercial and industrial 34 34 — Consumer 160 176 — Total 3,102 3,179 — With related allowance recorded: Commercial and industrial 404 406 130 Consumer 1,013 1,036 329 Total 1,417 1,442 459 Total loans: Construction and development 640 657 — 1-4 Family 1,662 1,691 — Commercial real estate 606 621 — Total mortgage loans on real estate 2,908 2,969 — Commercial and industrial 438 440 130 Consumer 1,173 1,212 329 Total $ 4,519 $ 4,621 $ 459 December 31, 2016 Recorded Investment Unpaid Principal Balance Related Allowance With no related allowance recorded: Construction and development $ 645 $ 661 $ — 1-4 Family 1,673 1,701 — Commercial real estate 608 623 — Total mortgage loans on real estate 2,926 2,985 — Commercial and industrial 15 16 Consumer 153 166 — Total 3,094 3,167 — With related allowance recorded: Commercial and industrial 428 430 136 Consumer 855 873 287 Total 1,283 1,303 423 Total loans: Construction and development 645 661 — 1-4 Family 1,673 1,701 — Commercial real estate 608 623 — Total mortgage loans on real estate 2,926 2,985 — Commercial and industrial 443 446 136 Consumer 1,008 1,039 287 Total $ 4,377 $ 4,470 $ 423 Presented in the tables below is the average recorded investment of the impaired loans and the related amount of interest income recognized during the time within the period that the loans were impaired. The average balances are calculated based on the month-end balances of the loans during the periods reported (dollars in thousands). Three months ended March 31, 2017 2016 Average Recorded Investment Interest Income Recognized Average Recorded Investment Interest Income Recognized With no related allowance recorded: Construction and development $ 641 $ 5 $ 1,226 $ 10 1-4 Family 1,666 17 1,702 17 Commercial real estate 607 2 626 1 Total mortgage loans on real estate 2,914 24 3,554 28 Commercial and industrial 37 — 13 — Consumer 226 1 204 2 Total 3,177 25 3,771 30 With related allowance recorded: Commercial and industrial 404 — — — Consumer 925 1 574 3 Total 1,329 1 574 3 Total loans: Construction and development 641 5 1,226 10 1-4 Family 1,666 17 1,702 17 Commercial real estate 607 2 626 1 Total mortgage loans on real estate 2,914 24 3,554 28 Commercial and industrial 441 — 13 — Consumer 1,151 2 778 5 Total $ 4,506 $ 26 $ 4,345 $ 33
Summary of TDR Pre- and Post-modification Outstanding Recorded Investments by Loan Categories	The table below presents the TDR pre- and post-modification outstanding recorded investments by loan categories for loans modified during the three month periods ended March 31, 2017 and 2016 (dollars in thousands). March 31, 2017 March 31, 2016 Number of Contracts Pre- Modification Outstanding Recorded Investment Post- Modification Outstanding Recorded Investment Number of Pre- Post- Troubled Debt Restructurings 1-4 Family — $ — $ — 9 $ 457 $ 457 Total $ — $ — $ 457 $ 457

STOCK-BASED COMPENSATION (Table

STOCK-BASED COMPENSATION (Tables)	3 Months Ended
	Mar. 31, 2017
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Schedule of Assumptions Used for Option Awards Granted	The assumptions presented below were used for the options granted during the three months ended March 31, 2017 . Expected dividends 0.22 % Expected volatility 20.46 % Risk-free interest rate 2.19 % Expected term (in years) 7.0 Weighted-average grant date fair value $ 5.39
Schedule of Stock Option Activity	The table below summarizes stock option activity for the periods presented. Three months ended March 31, 2017 2016 Number of Options Weighted Average Exercise Price Number of Options Weighted Average Exercise Price Outstanding at beginning of period 319,364 $ 14.37 278,352 $ 14.37 Granted 36,177 20.25 46,512 14.28 Forfeited (5,334 ) 14.00 — — Exercised (15,041 ) 13.45 — — Outstanding at end of period 335,166 $ 15.05 324,864 $ 14.36 Exercisable at end of period 82,310 $ 14.30 47,351 $ 13.82
Time Vested Restricted Stock Award Activity	The table below summarizes the time vested restricted stock award activity for the periods presented. Three months ended March 31, 2017 2016 Shares Weighted Average Grant Date Fair Value Shares Weighted Average Grant Date Fair Value Balance at beginning of period 93,366 $ 14.75 60,592 $ 14.85 Granted 51,702 20.10 54,175 14.66 Forfeited (3,035 ) 14.72 (1,157 ) 16.32 Earned and issued (13,168 ) 14.93 (1,159 ) 15.33 Balance at end of period 128,865 $ 16.88 112,451 $ 14.74

FAIR VALUES OF FINANCIAL INST28

FAIR VALUES OF FINANCIAL INSTRUMENTS (Tables)	3 Months Ended
	Mar. 31, 2017
Fair Value Disclosures [Abstract]
Summary 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 in the table below as of the dates indicated (dollars in thousands). Estimated Fair Value Quoted Prices in Active Markets for Identical Assets (Level 1) Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) March 31, 2017 Assets: Obligations of other U.S. government agencies $ 40,300 $ — $ 40,300 $ — Obligations of state and political subdivisions 27,688 — 9,385 18,303 Corporate bonds 14,974 — 13,649 1,325 Residential mortgage-backed securities 88,027 — 88,027 — Commercial mortgage-backed securities 2,445 — 2,445 — Equity securities 705 705 — — Derivative financial instruments 192 — 192 — Total assets $ 174,331 $ 705 $ 153,998 $ 19,628 December 31, 2016 Assets: Obligations of other U.S. government agencies $ 29,490 $ — $ 29,490 $ — Obligations of state and political subdivisions 27,855 — 10,199 17,656 Corporate bonds 14,968 — 14,344 624 Residential mortgage-backed securities 87,588 — 87,588 — Commercial mortgage-backed securities 2,444 — 2,444 — Equity securities 706 706 — — Derivative financial instruments 8 — 8 — Total assets $ 163,059 $ 706 $ 144,073 $ 18,280
Summary of Assets Measured at Fair Value on Recurring Basis Using Significant Unobservable Inputs	The tables below provide a reconciliation for assets measured at fair value on a recurring basis using significant unobservable inputs, or Level 3 inputs, for the three months ended March 31, 2017 and March 31, 2016 (dollars in thousands). Obligations of State and Political Subdivisions Corporate Bonds Total Balance at December 31, 2016 $ 17,656 $ 624 $ 18,280 Realized gains (losses) included in net income — — — Unrealized gains (losses) included in other comprehensive income 647 1 648 Purchases — 700 700 Sales — — — Transfers into Level 3 — — — Transfers out of Level 3 — — — Balance at March 31, 2017 $ 18,303 $ 1,325 $ 19,628 Obligations of Corporate Total Balance at December 31, 2015 $ 10,395 $ 1,136 $ 11,531 Realized gains (losses) included in net income — — — Unrealized gains (losses) included in other comprehensive income 166 (9 ) 157 Purchases — — — Sales — — — Transfers into Level 3 — — — Transfers out of Level 3 — — — Balance at March 31, 2016 $ 10,561 $ 1,127 $ 11,688
Summary of Assets Measured at Fair Value on a Nonrecurring Basis	Assets measured at fair value on a nonrecurring basis are summarized in the table below as of the dates indicated (dollars in thousands). Estimated Valuation Technique Unobservable Inputs Range of Discounts Weighted Average Discount March 31, 2017 Impaired loans $ 251 Discounted cash flows, Underlying collateral value Collateral discounts and estimated costs to sell 0% - 100% 30% December 31, 2016 Impaired loans $ 801 Discounted cash flows, Underlying collateral value Collateral discounts and estimated costs to sell 1% - 100% 32%
Summary of Estimated Fair Values of Company's Financial Instruments	The estimated fair values of the Company’s financial instruments are summarized in the table below as of the dates indicated (dollars in thousands). March 31, 2017 Carrying Amount Estimated Fair Value Level 1 Level 2 Level 3 Financial assets: Cash and due from banks $ 26,643 $ 26,643 $ 26,643 $ — $ — Investment securities 193,787 193,561 705 160,522 32,334 Other equity securities 6,320 6,320 — 6,320 — Loans, net of allowance 894,905 898,801 — — 898,801 Derivative financial instruments 192 192 — 192 — Financial liabilities: Deposits, noninterest-bearing $ 112,514 $ 112,514 $ — $ 112,514 $ — Deposits, interest-bearing 756,040 736,314 — — 736,314 FHLB short-term advances and repurchase agreements 110,674 110,674 — 110,674 — FHLB long-term advances 8,100 8,007 — — 8,007 Junior subordinated debt 3,609 2,908 — — 2,908 Subordinated debt 18,600 18,613 — 18,613 — Other borrowings 78 78 — 78 — December 31, 2016 Carrying Amount Estimated Fair Value Level 1 Level 2 Level 3 Financial assets: Cash and due from banks $ 29,342 $ 29,342 $ 29,342 $ — $ — Federal funds sold 106 106 106 — — Investment securities 183,142 182,663 706 151,128 30,829 Other equity securities 5,362 5,362 — 5,362 — Loans, net of allowance 886,375 890,949 — — 890,949 Derivative financial instruments 8 8 — 8 — Financial liabilities: Deposits, noninterest-bearing $ 108,404 $ 108,404 $ — $ 108,404 $ — Deposits, interest-bearing 799,383 779,397 — — 779,397 FHLB short-term advances and repurchase agreements 112,690 112,690 — 112,690 — FHLB long-term advances 9,200 9,233 — — 9,233 Junior subordinated debt 3,609 3,635 — — 3,635 Other borrowings 1,000 1,001 — 1,001 —

INCOME TAXES (Tables)

INCOME TAXES (Tables)	3 Months Ended
	Mar. 31, 2017
Income Tax Disclosure [Abstract]
Summary of Expense for Income Taxes and Effective Tax Rate Included in Consolidated Statement of Operations	The expense for income taxes and the effective tax rate included in the consolidated statements of operations are shown in the table below for the periods presented (dollars in thousands). Three months ended March 31, 2017 2016 Income tax expense $ 847 $ 1,006 Effective tax rate 31.2 % 33.6 %

COMMITMENTS AND CONTINGENCIES (

COMMITMENTS AND CONTINGENCIES (Tables)	3 Months Ended
	Mar. 31, 2017
Commitments and Contingencies Disclosure [Abstract]
Summary of Commitments to Extend Credit	The table below shows the approximate amounts of the Company’s commitments to extend credit as of the dates presented (dollars in thousands). March 31, 2017 December 31, 2016 Commitments to extend credit Loan commitments $ 139,168 $ 142,891 Standby letters of credit 1,008 1,008

SUMMARY OF SIGNIFICANT ACCOUN31

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Additional Information (Detail)	Mar. 31, 2017EmployeeBank
Accounting Policies [Abstract]
Number of full service banking offices | Bank	10
Number of employees | Employee	152

EARNINGS PER SHARE - Computatio

EARNINGS PER SHARE - Computation of Basic and Diluted Earnings Per Common Share (Detail) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		12 Months Ended
	Mar. 31, 2017	Mar. 31, 2016	Dec. 31, 2016
Earnings Per Share Basic And Diluted [Line Items]
Net income available to common shareholders	$ 1,864	$ 1,990	$ 7,880
Weighted average number of common shares outstanding used in computation of basic earnings per common share	7,205,942	7,194,558
Effect of dilutive securities:
Weighted average number of common shares outstanding plus effect of dilutive securities used in computation of diluted earnings per common share	7,276,869	7,236,032
Basic earnings per share (in dollars per share)	$ 0.26	$ 0.28
Diluted earnings per share (in dollars per share)	$ 0.26	$ 0.28
Restricted Stock [Member]
Effect of dilutive securities:
Effect of dilutive securities	20,604	15,353
Stock Options [Member]
Effect of dilutive securities:
Effect of dilutive securities	26,838	14,854
Stock Warrants [Member]
Effect of dilutive securities:
Effect of dilutive securities	23,485	11,267

INVESTMENT SECURITIES - Schedul

INVESTMENT SECURITIES - Schedule of Amortized Cost and Approximate Fair Value of Investment Securities Classified as Available for Sale (Detail) - USD ($) $ in Thousands	Mar. 31, 2017	Dec. 31, 2016
Schedule of Available-for-sale Securities [Line Items]
Amortized cost	$ 176,363	$ 166,258
Gross unrealized gains	367	376
Gross unrealized losses	(2,591)	(3,583)
Fair value	174,139	163,051
Obligations of other U.S. government agencies and corporations [Member]
Schedule of Available-for-sale Securities [Line Items]
Amortized cost	40,555	29,809
Gross unrealized gains	65	68
Gross unrealized losses	(320)	(387)
Fair value	40,300	29,490
Obligations of state and political subdivisions [Member]
Schedule of Available-for-sale Securities [Line Items]
Amortized cost	28,715	29,631
Gross unrealized gains	36	15
Gross unrealized losses	(1,063)	(1,791)
Fair value	27,688	27,855
Corporate bonds [Member]
Schedule of Available-for-sale Securities [Line Items]
Amortized cost	15,271	15,292
Gross unrealized gains	51	54
Gross unrealized losses	(348)	(378)
Fair value	14,974	14,968
Residential mortgage-backed securities [Member]
Schedule of Available-for-sale Securities [Line Items]
Amortized cost	88,604	88,295
Gross unrealized gains	167	193
Gross unrealized losses	(744)	(900)
Fair value	88,027	87,588
Commercial mortgage-backed securities [Member]
Schedule of Available-for-sale Securities [Line Items]
Amortized cost	2,507	2,520
Gross unrealized gains	0	0
Gross unrealized losses	(62)	(76)
Fair value	2,445	2,444
Equity securities [Member]
Schedule of Available-for-sale Securities [Line Items]
Amortized cost	711	711
Gross unrealized gains	48	46
Gross unrealized losses	(54)	(51)
Fair value	$ 705	$ 706

INVESTMENT SECURITIES - Sched34

INVESTMENT SECURITIES - Schedule of Amortized Cost and Approximate Fair Value of Investment Securities Classified as Held to Maturity (Detail) - USD ($) $ in Thousands	Mar. 31, 2017	Dec. 31, 2016
Schedule of Held-to-maturity Securities [Line Items]
Amortized cost	$ 19,648	$ 20,091
Gross unrealized gains	12	10
Gross unrealized losses	(238)	(489)
Fair value	19,422	19,612
Obligations of state and political subdivisions [Member]
Schedule of Held-to-maturity Securities [Line Items]
Amortized cost	12,870	12,976
Gross unrealized gains	7	2
Gross unrealized losses	(172)	(429)
Fair value	12,705	12,549
Residential mortgage-backed securities [Member]
Schedule of Held-to-maturity Securities [Line Items]
Amortized cost	6,778	7,115
Gross unrealized gains	5	8
Gross unrealized losses	(66)	(60)
Fair value	$ 6,717	$ 7,063

INVESTMENT SECURITIES - Sched35

INVESTMENT SECURITIES - Schedule of Unrealized Losses and Fair Value by Investment Category for Securities Available for Sale (Detail) $ in Thousands	Mar. 31, 2017USD ($)Security	Dec. 31, 2016USD ($)Security
Schedule of Available-for-sale Securities [Line Items]
Count | Security	205	222
Less than 12 months fair value	$ 110,017	$ 115,234
Less than 12 Months unrealized losses	(2,277)	(3,268)
12 months or more fair value	10,094	9,647
12 months or more unrealized losses	(314)	(315)
Total fair value	120,111	124,881
Unrealized losses	$ (2,591)	$ (3,583)
Obligations of other U.S. government agencies and corporations [Member]
Schedule of Available-for-sale Securities [Line Items]
Count | Security	47	45
Less than 12 months fair value	$ 25,563	$ 22,819
Less than 12 Months unrealized losses	(316)	(382)
12 months or more fair value	440	448
12 months or more unrealized losses	(4)	(5)
Total fair value	26,003	23,267
Unrealized losses	$ (320)	$ (387)
Obligations of state and political subdivisions [Member]
Schedule of Available-for-sale Securities [Line Items]
Count | Security	22	33
Less than 12 months fair value	$ 23,027	$ 25,764
Less than 12 Months unrealized losses	(1,063)	(1,791)
12 months or more fair value	0	0
12 months or more unrealized losses	0	0
Total fair value	23,027	25,764
Unrealized losses	$ (1,063)	$ (1,791)
Corporate bonds [Member]
Schedule of Available-for-sale Securities [Line Items]
Count | Security	25	27
Less than 12 months fair value	$ 2,745	$ 3,724
Less than 12 Months unrealized losses	(103)	(132)
12 months or more fair value	7,180	6,929
12 months or more unrealized losses	(245)	(246)
Total fair value	9,925	10,653
Unrealized losses	$ (348)	$ (378)
Residential mortgage-backed securities [Member]
Schedule of Available-for-sale Securities [Line Items]
Count | Security	104	110
Less than 12 months fair value	$ 56,232	$ 60,433
Less than 12 Months unrealized losses	(732)	(883)
12 months or more fair value	1,988	1,778
12 months or more unrealized losses	(12)	(17)
Total fair value	58,220	62,211
Unrealized losses	$ (744)	$ (900)
Commercial mortgage-backed securities [Member]
Schedule of Available-for-sale Securities [Line Items]
Count | Security	4	4
Less than 12 months fair value	$ 2,445	$ 2,444
Less than 12 Months unrealized losses	(62)	(76)
12 months or more fair value	0	0
12 months or more unrealized losses	0	0
Total fair value	2,445	2,444
Unrealized losses	$ (62)	$ (76)
Equity securities [Member]
Schedule of Available-for-sale Securities [Line Items]
Count | Security	3	3
Less than 12 months fair value	$ 5	$ 50
Less than 12 Months unrealized losses	(1)	(4)
12 months or more fair value	486	492
12 months or more unrealized losses	(53)	(47)
Total fair value	491	542
Unrealized losses	$ (54)	$ (51)

INVESTMENT SECURITIES - Sched36

INVESTMENT SECURITIES - Schedule of Unrealized Losses and Fair Value by Investment Category for Securities Held to Maturity (Detail) $ in Thousands	Mar. 31, 2017USD ($)Security	Dec. 31, 2016USD ($)Security
Schedule of Held-to-maturity Securities [Line Items]
Count | Security	9	11
Less than 12 months, fair value	$ 12,542	$ 14,274
Less than 12 months, unrealized losses	(238)	(489)
12 months or more, fair value	0	0
12 months or more, unrealized losses	0	0
Total, fair value	12,542	14,274
Total, unrealized losses	$ (238)	$ (489)
Obligations of state and political subdivisions [Member]
Schedule of Held-to-maturity Securities [Line Items]
Count | Security	3	5
Less than 12 months, fair value	$ 8,048	$ 9,597
Less than 12 months, unrealized losses	(172)	(429)
12 months or more, fair value	0	0
12 months or more, unrealized losses	0	0
Total, fair value	8,048	9,597
Total, unrealized losses	$ (172)	$ (429)
Residential mortgage-backed securities [Member]
Schedule of Held-to-maturity Securities [Line Items]
Count | Security	6	6
Less than 12 months, fair value	$ 4,494	$ 4,677
Less than 12 months, unrealized losses	(66)	(60)
12 months or more, fair value	0	0
12 months or more, unrealized losses	0	0
Total, fair value	4,494	4,677
Total, unrealized losses	$ (66)	$ (60)

INVESTMENT SECURITIES - Sched37

INVESTMENT SECURITIES - Schedule of Amortized Cost and Approximate Fair Value of Investment Debt Securities by Contractual Maturity (Including Mortgage-backed Securities) (Detail) - USD ($) $ in Thousands	Mar. 31, 2017	Dec. 31, 2016
Available-for-sale Securities, Debt Maturities, Single Maturity Date, Weighted Average T.E. Yield [Abstract]
Weighted average T.E. yield of securities available-for-sale, due within one year	2.05%	1.61%
Weighted average T.E. yield of securities available-for-sale, due after one year through five years	2.33%	2.27%
Weighted average T.E. yield of securities available-for-sale, due after five years through ten years	2.93%	2.77%
Weighted average T.E. yield of securities available-for-sale, due after ten years	2.53%	2.51%
Available-for-sale Securities, Debt Maturities, Single Maturity Date, Amortized Cost Basis [Abstract]
Amortized cost of securities available-for-sale, due within one year	$ 900	$ 1,753
Amortized cost of securities available-for-sale, due after one year through five years	11,641	10,509
Amortized cost of securities available-for-sale, due after five years through ten years	26,963	27,173
Amortized cost of securities available-for-sale, due after ten years	136,148	126,112
Amortized cost of total debt securities	175,652	165,547
Available-for-sale Securities, Debt Maturities, Single Maturity Date [Abstract]
Fair value of securities available-for-sale, due within one year	898	1,750
Fair value of securities available-for-sale, due after one year through five years	11,654	10,476
Fair value of securities available-for-sale, due after five years through ten years	26,611	26,771
Fair value of securities available-for-sale, due after ten years	134,271	123,348
Fair value of total debt securities available-for-sale	$ 173,434	$ 162,345
Held-to-Maturity Securities, Debt Maturities, Single Maturity Date, Weighted Average T.E. Yield [Abstract]
Weighted average T.E. yield of securities held-to-maturity, due within one year	7.17%	7.17%
Weighted average T.E. yield of securities held-to-maturity, due after one year through five years	7.17%	7.17%
Weighted average T.E. yield of securities held-to-maturity, due after five years through ten years	7.17%	7.17%
Weighted average T.E. yield of securities held-to-maturity, due after ten years	3.54%	3.17%
Held-to-maturity Securities, Debt Maturities, Single Maturity Date, Amortized Cost Basis [Abstract]
Amortized cost of securities held-to-maturity, due within one year	$ 685	$ 685
Amortized cost of securities held-to-maturity, due after one year through five years	3,095	3,095
Amortized cost of securities held-to-maturity, due after five years through ten years	2,745	2,745
Amortized cost of securities held-to-maturity, due after ten years	13,123	13,566
Amortized cost	19,648	20,091
Held-to-maturity Securities, Debt Maturities, Single Maturity Date, Fair Value [Abstract]
Fair value of securities held-to-maturity, due within one year	686	686
Fair value of securities held-to-maturity, due after one year through five years	3,100	3,089
Fair value of securities held-to-maturity, due after five years through ten years	2,730	2,637
Fair value of securities held-to-maturity, due after ten years	12,906	13,200
Fair value of total debt securities held-to-maturity	$ 19,422	$ 19,612

INVESTMENT SECURITIES - Additio

INVESTMENT SECURITIES - Additional Information (Detail) - USD ($)	Mar. 31, 2017	Dec. 31, 2016
Investments, Debt and Equity Securities [Abstract]
Securities classified as trading securities	$ 0	$ 0
Held to maturity securities with gross unrealized losses	$ 238,000	$ 489,000

LOANS - Schedule of Loan Portfo

LOANS - Schedule of Loan Portfolio Excluding Loans Held for Sale (Detail) - USD ($) $ in Thousands	Mar. 31, 2017	Dec. 31, 2016	Mar. 31, 2016
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Loans	$ 902,148	$ 893,426	$ 797,622
Mortgage Loans on Real Estate [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Loans	715,923	699,624
Mortgage Loans on Real Estate [Member] | Construction and development [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Loans	95,541	90,737	95,353
Mortgage Loans on Real Estate [Member] | 1-4 Family residential [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Loans	172,148	177,205	162,312
Mortgage Loans on Real Estate [Member] | Multifamily [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Loans	47,776	42,759	33,609
Mortgage Loans on Real Estate [Member] | Farmland [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Loans	7,994	8,207	6,366
Mortgage Loans on Real Estate [Member] | Commercial Real Estate [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Loans	392,464	380,716	315,759
Commercial and industrial [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Loans	90,352	85,377	74,990
Consumer [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Loans	$ 95,873	$ 108,425	$ 109,233

LOANS - Schedule of Aging Analy

LOANS - Schedule of Aging Analysis of Loans (Detail) - USD ($) $ in Thousands	Mar. 31, 2017	Dec. 31, 2016	Mar. 31, 2016
Financing Receivable, Recorded Investment, Past Due [Line Items]
Nonaccrual	$ 2,135	$ 1,978
Total past due & nonaccrual	2,368	3,011
Current	899,780	890,415
Total Loans	902,148	893,426	$ 797,622
30-59 days [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Past due and accruing	146	883
60-89 days [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Past due and accruing	79	149
90 or more days [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Past due and accruing	8	1
Mortgage Loans on Real Estate [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Nonaccrual	524	527
Total past due & nonaccrual	524	1,002
Current	715,399	698,622
Total Loans	715,923	699,624
Mortgage Loans on Real Estate [Member] | 30-59 days [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Past due and accruing	0	475
Mortgage Loans on Real Estate [Member] | 60-89 days [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Past due and accruing	0	0
Mortgage Loans on Real Estate [Member] | 90 or more days [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Past due and accruing	0	0
Mortgage Loans on Real Estate [Member] | Construction and development [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Nonaccrual	478	480
Total past due & nonaccrual	478	528
Current	95,063	90,209
Total Loans	95,541	90,737	95,353
Mortgage Loans on Real Estate [Member] | Construction and development [Member] | 30-59 days [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Past due and accruing	0	48
Mortgage Loans on Real Estate [Member] | Construction and development [Member] | 60-89 days [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Past due and accruing	0	0
Mortgage Loans on Real Estate [Member] | Construction and development [Member] | 90 or more days [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Past due and accruing	0	0
Mortgage Loans on Real Estate [Member] | 1-4 Family residential [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Nonaccrual	46	47
Total past due & nonaccrual	46	474
Current	172,102	176,731
Total Loans	172,148	177,205	162,312
Mortgage Loans on Real Estate [Member] | 1-4 Family residential [Member] | 30-59 days [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Past due and accruing	0	427
Mortgage Loans on Real Estate [Member] | 1-4 Family residential [Member] | 60-89 days [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Past due and accruing	0	0
Mortgage Loans on Real Estate [Member] | 1-4 Family residential [Member] | 90 or more days [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Past due and accruing	0	0
Mortgage Loans on Real Estate [Member] | Multifamily [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Nonaccrual	0	0
Total past due & nonaccrual	0	0
Current	47,776	42,759
Total Loans	47,776	42,759	33,609
Mortgage Loans on Real Estate [Member] | Multifamily [Member] | 30-59 days [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Past due and accruing	0	0
Mortgage Loans on Real Estate [Member] | Multifamily [Member] | 60-89 days [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Past due and accruing	0	0
Mortgage Loans on Real Estate [Member] | Multifamily [Member] | 90 or more days [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Past due and accruing	0	0
Mortgage Loans on Real Estate [Member] | Farmland [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Nonaccrual	0	0
Total past due & nonaccrual	0	0
Current	7,994	8,207
Total Loans	7,994	8,207	6,366
Mortgage Loans on Real Estate [Member] | Farmland [Member] | 30-59 days [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Past due and accruing	0	0
Mortgage Loans on Real Estate [Member] | Farmland [Member] | 60-89 days [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Past due and accruing	0	0
Mortgage Loans on Real Estate [Member] | Farmland [Member] | 90 or more days [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Past due and accruing	0	0
Mortgage Loans on Real Estate [Member] | Commercial Real Estate [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Nonaccrual	0	0
Total past due & nonaccrual	0	0
Current	392,464	380,716
Total Loans	392,464	380,716	315,759
Mortgage Loans on Real Estate [Member] | Commercial Real Estate [Member] | 30-59 days [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Past due and accruing	0	0
Mortgage Loans on Real Estate [Member] | Commercial Real Estate [Member] | 60-89 days [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Past due and accruing	0	0
Mortgage Loans on Real Estate [Member] | Commercial Real Estate [Member] | 90 or more days [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Past due and accruing	0	0
Commercial and industrial [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Nonaccrual	438	443
Total past due & nonaccrual	467	473
Current	89,885	84,904
Total Loans	90,352	85,377	74,990
Commercial and industrial [Member] | 30-59 days [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Past due and accruing	24	30
Commercial and industrial [Member] | 60-89 days [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Past due and accruing	5	0
Commercial and industrial [Member] | 90 or more days [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Past due and accruing	0	0
Consumer [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Nonaccrual	1,173	1,008
Total past due & nonaccrual	1,377	1,536
Current	94,496	106,889
Total Loans	95,873	108,425	$ 109,233
Consumer [Member] | 30-59 days [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Past due and accruing	122	378
Consumer [Member] | 60-89 days [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Past due and accruing	74	149
Consumer [Member] | 90 or more days [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Past due and accruing	$ 8	$ 1

LOANS - Summary of the Company'

LOANS - Summary of the Company's Loan Portfolio by Category and Credit Quality Indicator (Detail) - USD ($) $ in Thousands	Mar. 31, 2017	Dec. 31, 2016	Mar. 31, 2016
Financing Receivable, Recorded Investment [Line Items]
Total Loans	$ 902,148	$ 893,426	$ 797,622
Pass [Member]
Financing Receivable, Recorded Investment [Line Items]
Total Loans	895,532	889,142
Special Mention [Member]
Financing Receivable, Recorded Investment [Line Items]
Total Loans	422	580
Substandard [Member]
Financing Receivable, Recorded Investment [Line Items]
Total Loans	6,194	3,704
Mortgage Loans on Real Estate [Member]
Financing Receivable, Recorded Investment [Line Items]
Total Loans	715,923	699,624
Mortgage Loans on Real Estate [Member] | Construction and development [Member]
Financing Receivable, Recorded Investment [Line Items]
Total Loans	95,541	90,737	95,353
Mortgage Loans on Real Estate [Member] | 1-4 Family residential [Member]
Financing Receivable, Recorded Investment [Line Items]
Total Loans	172,148	177,205	162,312
Mortgage Loans on Real Estate [Member] | Multifamily [Member]
Financing Receivable, Recorded Investment [Line Items]
Total Loans	47,776	42,759
Mortgage Loans on Real Estate [Member] | Farmland [Member]
Financing Receivable, Recorded Investment [Line Items]
Total Loans	7,994	8,207	6,366
Mortgage Loans on Real Estate [Member] | Commercial Real Estate [Member]
Financing Receivable, Recorded Investment [Line Items]
Total Loans	392,464	380,716	315,759
Mortgage Loans on Real Estate [Member] | Pass [Member]
Financing Receivable, Recorded Investment [Line Items]
Total Loans	713,905	699,011
Mortgage Loans on Real Estate [Member] | Pass [Member] | Construction and development [Member]
Financing Receivable, Recorded Investment [Line Items]
Total Loans	95,044	90,238
Mortgage Loans on Real Estate [Member] | Pass [Member] | 1-4 Family residential [Member]
Financing Receivable, Recorded Investment [Line Items]
Total Loans	172,056	177,091
Mortgage Loans on Real Estate [Member] | Pass [Member] | Multifamily [Member]
Financing Receivable, Recorded Investment [Line Items]
Total Loans	46,919	42,759
Mortgage Loans on Real Estate [Member] | Pass [Member] | Farmland [Member]
Financing Receivable, Recorded Investment [Line Items]
Total Loans	7,994	8,207
Mortgage Loans on Real Estate [Member] | Pass [Member] | Commercial Real Estate [Member]
Financing Receivable, Recorded Investment [Line Items]
Total Loans	391,892	380,716
Mortgage Loans on Real Estate [Member] | Special Mention [Member]
Financing Receivable, Recorded Investment [Line Items]
Total Loans	0	20
Mortgage Loans on Real Estate [Member] | Special Mention [Member] | Construction and development [Member]
Financing Receivable, Recorded Investment [Line Items]
Total Loans	0	0
Mortgage Loans on Real Estate [Member] | Special Mention [Member] | 1-4 Family residential [Member]
Financing Receivable, Recorded Investment [Line Items]
Total Loans	0	20
Mortgage Loans on Real Estate [Member] | Special Mention [Member] | Multifamily [Member]
Financing Receivable, Recorded Investment [Line Items]
Total Loans	0	0
Mortgage Loans on Real Estate [Member] | Special Mention [Member] | Farmland [Member]
Financing Receivable, Recorded Investment [Line Items]
Total Loans	0	0
Mortgage Loans on Real Estate [Member] | Special Mention [Member] | Commercial Real Estate [Member]
Financing Receivable, Recorded Investment [Line Items]
Total Loans	0	0
Mortgage Loans on Real Estate [Member] | Substandard [Member]
Financing Receivable, Recorded Investment [Line Items]
Total Loans	2,018	593
Mortgage Loans on Real Estate [Member] | Substandard [Member] | Construction and development [Member]
Financing Receivable, Recorded Investment [Line Items]
Total Loans	497	499
Mortgage Loans on Real Estate [Member] | Substandard [Member] | 1-4 Family residential [Member]
Financing Receivable, Recorded Investment [Line Items]
Total Loans	92	94
Mortgage Loans on Real Estate [Member] | Substandard [Member] | Multifamily [Member]
Financing Receivable, Recorded Investment [Line Items]
Total Loans	857	0
Mortgage Loans on Real Estate [Member] | Substandard [Member] | Farmland [Member]
Financing Receivable, Recorded Investment [Line Items]
Total Loans	0	0
Mortgage Loans on Real Estate [Member] | Substandard [Member] | Commercial Real Estate [Member]
Financing Receivable, Recorded Investment [Line Items]
Total Loans	572	0
Commercial and industrial [Member]
Financing Receivable, Recorded Investment [Line Items]
Total Loans	90,352	85,377	74,990
Commercial and industrial [Member] | Pass [Member]
Financing Receivable, Recorded Investment [Line Items]
Total Loans	87,349	83,215
Commercial and industrial [Member] | Special Mention [Member]
Financing Receivable, Recorded Investment [Line Items]
Total Loans	0	59
Commercial and industrial [Member] | Substandard [Member]
Financing Receivable, Recorded Investment [Line Items]
Total Loans	3,003	2,103
Consumer [Member]
Financing Receivable, Recorded Investment [Line Items]
Total Loans	95,873	108,425	$ 109,233
Consumer [Member] | Pass [Member]
Financing Receivable, Recorded Investment [Line Items]
Total Loans	94,278	106,916
Consumer [Member] | Special Mention [Member]
Financing Receivable, Recorded Investment [Line Items]
Total Loans	422	501
Consumer [Member] | Substandard [Member]
Financing Receivable, Recorded Investment [Line Items]
Total Loans	$ 1,173	$ 1,008

LOANS - Schedule of Aggregate A

LOANS - Schedule of Aggregate Amount of Loans to Related Parties (Detail) - USD ($) $ in Thousands	3 Months Ended	12 Months Ended
	Mar. 31, 2017	Dec. 31, 2016
Loans and Leases Receivable, Related Parties [Roll Forward]
Balance, beginning of period	$ 19,957	$ 17,992
New loans	2,462	5,058
Repayments and changes in relationship	(1,731)	(3,093)
Balance, end of period	$ 20,688	$ 19,957

LOANS - Changes in Carrying Val

LOANS - Changes in Carrying Value, Net of Allowance for Loan Losses, of Acquired Impaired Loans (Detail) - USD ($) $ in Thousands	3 Months Ended	12 Months Ended
	Mar. 31, 2017	Dec. 31, 2016
Changes In Carrying Value Of Icquired Impaired Loans [Roll Forward]
Carrying value, net, beginning balance	$ 2,176	$ 2,690
Accretion to interest income	25	121
Net transfers from (to) nonaccretable difference to (from) accretable yield		1
Payments received, net	(8)	(551)
Charge-offs		(85)
Carrying value, net, ending balance	$ 2,193	$ 2,176

LOANS - Summary of Accretable Y

LOANS - Summary of Accretable Yield on Acquired Impaired Loans (Detail) - USD ($) $ in Thousands	3 Months Ended	12 Months Ended
	Mar. 31, 2017	Dec. 31, 2016
Certain Loans Acquired in Transfer Not Accounted for as Debt Securities, Accretable Yield Movement Schedule [Roll Forward]
Beginning balance	$ 275	$ 395
Net transfers from (to) nonaccretable difference to (from) accretable yield		1
Accretion to interest income	(25)	(121)
Ending Balance	$ 250	$ 275

LOANS - Additional Information

LOANS - Additional Information (Detail) - USD ($)	Mar. 31, 2017	Dec. 31, 2016	Mar. 31, 2016	Dec. 31, 2015
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Loans	$ 902,148,000	$ 893,426,000	$ 797,622,000
Non-accrual	2,135,000	1,978,000
Balances of loans sold to and serviced for others	248,600,000	274,900,000
Unpaid principal balances of loans sold to and serviced for others	295,800,000	319,600,000
Loan outstanding to related parties	20,688,000	19,957,000		$ 17,992,000
Doubtful or Loss [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Loans	0	0
30-59 days [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Past due and accruing	$ 146,000	$ 883,000

ALLOWANCE FOR LOAN LOSSES - Sch

ALLOWANCE FOR LOAN LOSSES - Schedule of Allowance for Loan Losses (Detail) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016
Allowance for loan losses:
Balance, beginning of period	$ 7,051	$ 6,128
Provision for loan losses	350	454
Loans charged off	(166)	(156)
Recoveries	8	37
Balance, end of period	$ 7,243	$ 6,463

ALLOWANCE FOR LOAN LOSSES - Sum

ALLOWANCE FOR LOAN LOSSES - Summary of Allowance for Loan Losses (Detail) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016	Dec. 31, 2016	Dec. 31, 2015
Allowance for loan losses:
Balance, beginning of period	$ 7,051	$ 6,128
Provision	350	454
Charge-offs	(166)	(156)
Recoveries	8	37
Balance, end of period	7,243	6,463
Ending allowance balance for loans individually evaluated for impairment	459	233
Ending allowance balance for loans collectively evaluated for impairment	6,784	6,230
Loans receivable:
Balance of loans individually evaluated for impairment	4,519	4,477
Balance of loans collectively evaluated for impairment	897,629	793,145
Total Loans	902,148	797,622	$ 893,426
Balance of loans acquired with deteriorated credit quality	2,193	2,583	2,176	$ 2,690
Mortgage Loans on Real Estate [Member]
Loans receivable:
Total Loans	715,923		699,624
Mortgage Loans on Real Estate [Member] | Construction and development [Member]
Allowance for loan losses:
Balance, beginning of period	579	644
Provision	112	89
Charge-offs	0	(7)
Recoveries	3	3
Balance, end of period	694	729
Ending allowance balance for loans individually evaluated for impairment	0	0
Ending allowance balance for loans collectively evaluated for impairment	694	729
Loans receivable:
Balance of loans individually evaluated for impairment	640	1,215
Balance of loans collectively evaluated for impairment	94,901	94,138
Total Loans	95,541	95,353	90,737
Balance of loans acquired with deteriorated credit quality	658	685
Mortgage Loans on Real Estate [Member] | Farmland [Member]
Allowance for loan losses:
Balance, beginning of period	60	22
Provision	(6)	24
Charge-offs	0	0
Recoveries	0	0
Balance, end of period	54	46
Ending allowance balance for loans individually evaluated for impairment	0	0
Ending allowance balance for loans collectively evaluated for impairment	54	46
Loans receivable:
Balance of loans individually evaluated for impairment	0	0
Balance of loans collectively evaluated for impairment	7,994	6,366
Total Loans	7,994	6,366	8,207
Balance of loans acquired with deteriorated credit quality	0	0
Mortgage Loans on Real Estate [Member] | 1-4 Family residential [Member]
Allowance for loan losses:
Balance, beginning of period	1,377	1,213
Provision	(141)	44
Charge-offs	0	(7)
Recoveries	1	7
Balance, end of period	1,237	1,257
Ending allowance balance for loans individually evaluated for impairment	0	0
Ending allowance balance for loans collectively evaluated for impairment	1,237	1,257
Loans receivable:
Balance of loans individually evaluated for impairment	1,662	1,824
Balance of loans collectively evaluated for impairment	170,486	160,488
Total Loans	172,148	162,312	177,205
Balance of loans acquired with deteriorated credit quality	489	809
Mortgage Loans on Real Estate [Member] | Multifamily [Member]
Allowance for loan losses:
Balance, beginning of period	355	246
Provision	19	33
Charge-offs	0	0
Recoveries	0	0
Balance, end of period	374	279
Ending allowance balance for loans individually evaluated for impairment	0	0
Ending allowance balance for loans collectively evaluated for impairment	374	279
Loans receivable:
Balance of loans individually evaluated for impairment	0	0
Balance of loans collectively evaluated for impairment	47,776	33,609
Total Loans	47,776	33,609	42,759
Balance of loans acquired with deteriorated credit quality	1,046	1,052
Mortgage Loans on Real Estate [Member] | Commercial Real Estate [Member]
Allowance for loan losses:
Balance, beginning of period	2,499	2,156
Provision	409	135
Charge-offs	0	0
Recoveries	0	1
Balance, end of period	2,908	2,292
Ending allowance balance for loans individually evaluated for impairment	0	0
Ending allowance balance for loans collectively evaluated for impairment	2,908	2,292
Loans receivable:
Balance of loans individually evaluated for impairment	606	625
Balance of loans collectively evaluated for impairment	391,858	315,134
Total Loans	392,464	315,759	380,716
Balance of loans acquired with deteriorated credit quality	0	0
Commercial and industrial [Member]
Allowance for loan losses:
Balance, beginning of period	759	513
Provision	(15)	17
Charge-offs	0	0
Recoveries	0	20
Balance, end of period	744	550
Ending allowance balance for loans individually evaluated for impairment	130	0
Ending allowance balance for loans collectively evaluated for impairment	614	550
Loans receivable:
Balance of loans individually evaluated for impairment	438	18
Balance of loans collectively evaluated for impairment	89,914	74,972
Total Loans	90,352	74,990	85,377
Balance of loans acquired with deteriorated credit quality	0	0
Consumer [Member]
Allowance for loan losses:
Balance, beginning of period	1,422	1,334
Provision	(28)	112
Charge-offs	(166)	(142)
Recoveries	4	6
Balance, end of period	1,232	1,310
Ending allowance balance for loans individually evaluated for impairment	329	233
Ending allowance balance for loans collectively evaluated for impairment	903	1,077
Loans receivable:
Balance of loans individually evaluated for impairment	1,173	795
Balance of loans collectively evaluated for impairment	94,700	108,438
Total Loans	95,873	109,233	$ 108,425
Balance of loans acquired with deteriorated credit quality	$ 0	$ 37

ALLOWANCE FOR LOAN LOSSES - S48

ALLOWANCE FOR LOAN LOSSES - Summary of Recorded Investment and Unpaid Principal Balance for Impaired Loans (Detail) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016	Dec. 31, 2016
Financing Receivable Impaired [Line Items]
With no related allowance recorded investment	$ 3,102		$ 3,094
With no related allowance recorded unpaid principal balance	3,179		3,167
With related allowance recorded investment	1,417		1,283
With related allowance recorded unpaid principal balance	1,442		1,303
Related allowance	459		423
Total loans recorded investment	4,519		4,377
Total loans unpaid principal balance	4,621		4,470
With no related allowance average recorded investment	3,177	$ 3,771
With no related allowance recorded interest income recognized	25	30
With related allowance average recorded investment	1,329	574
With related allowance recorded interest income recognized	1	3
Total loans average recorded investment	4,506	4,345
Total loans interest income recognized	26	33
Mortgage Loans on Real Estate [Member]
Financing Receivable Impaired [Line Items]
With no related allowance recorded investment	2,908		2,926
With no related allowance recorded unpaid principal balance	2,969		2,985
Related allowance	0		0
Total loans recorded investment	2,908		2,926
Total loans unpaid principal balance	2,969		2,985
With no related allowance average recorded investment	2,914	3,554
With no related allowance recorded interest income recognized	24	28
Total loans average recorded investment	2,914	3,554
Total loans interest income recognized	24	28
Mortgage Loans on Real Estate [Member] | Construction and development [Member]
Financing Receivable Impaired [Line Items]
With no related allowance recorded investment	640		645
With no related allowance recorded unpaid principal balance	657		661
Related allowance	0		0
Total loans recorded investment	640		645
Total loans unpaid principal balance	657		661
With no related allowance average recorded investment	641	1,226
With no related allowance recorded interest income recognized	5	10
Total loans average recorded investment	641	1,226
Total loans interest income recognized	5	10
Mortgage Loans on Real Estate [Member] | 1-4 Family residential [Member]
Financing Receivable Impaired [Line Items]
With no related allowance recorded investment	1,662		1,673
With no related allowance recorded unpaid principal balance	1,691		1,701
Related allowance	0		0
Total loans recorded investment	1,662		1,673
Total loans unpaid principal balance	1,691		1,701
With no related allowance average recorded investment	1,666	1,702
With no related allowance recorded interest income recognized	17	17
Total loans average recorded investment	1,666	1,702
Total loans interest income recognized	17	17
Mortgage Loans on Real Estate [Member] | Commercial Real Estate [Member]
Financing Receivable Impaired [Line Items]
With no related allowance recorded investment	606		608
With no related allowance recorded unpaid principal balance	621		623
Related allowance	0		0
Total loans recorded investment	606		608
Total loans unpaid principal balance	621		623
With no related allowance average recorded investment	607	626
With no related allowance recorded interest income recognized	2	1
Total loans average recorded investment	607	626
Total loans interest income recognized	2	1
Commercial and industrial [Member]
Financing Receivable Impaired [Line Items]
With no related allowance recorded investment	34		15
With no related allowance recorded unpaid principal balance	34		16
With related allowance recorded investment	404		428
With related allowance recorded unpaid principal balance	406		430
Related allowance	130		136
Total loans recorded investment	438		443
Total loans unpaid principal balance	440		446
With no related allowance average recorded investment	37	13
With no related allowance recorded interest income recognized	0	0
With related allowance average recorded investment	404	0
With related allowance recorded interest income recognized	0	0
Total loans average recorded investment	441	13
Total loans interest income recognized	0	0
Consumer [Member]
Financing Receivable Impaired [Line Items]
With no related allowance recorded investment	160		153
With no related allowance recorded unpaid principal balance	176		166
With related allowance recorded investment	1,013		855
With related allowance recorded unpaid principal balance	1,036		873
Related allowance	329		287
Total loans recorded investment	1,173		1,008
Total loans unpaid principal balance	1,212		$ 1,039
With no related allowance average recorded investment	226	204
With no related allowance recorded interest income recognized	1	2
With related allowance average recorded investment	925	574
With related allowance recorded interest income recognized	1	3
Total loans average recorded investment	1,151	778
Total loans interest income recognized	$ 2	$ 5

ALLOWANCE FOR LOAN LOSSES - S49

ALLOWANCE FOR LOAN LOSSES - Summary of TDR Pre- and Post-modification Outstanding Recorded Investments by Loan Categories (Detail) $ in Thousands	3 Months Ended
	Mar. 31, 2017USD ($)SecurityLoanContract	Mar. 31, 2016USD ($)Contract
Financing Receivable Modifications [Line Items]
Number of Contracts | SecurityLoan	18
Pre-modification outstanding recorded investment	$ 0	$ 457
Post-modification outstanding recorded investment	$ 0	$ 457
Mortgage Loans on Real Estate [Member] | 1-4 Family residential [Member]
Financing Receivable Modifications [Line Items]
Number of Contracts | Contract	0	9
Pre-modification outstanding recorded investment	$ 0	$ 457
Post-modification outstanding recorded investment	$ 0	$ 457

- Additional Information (Detai

- Additional Information (Detail)	3 Months Ended
	Mar. 31, 2017USD ($)SecurityLoan	Mar. 31, 2016USD ($)	Dec. 31, 2016USD ($)
Financing Receivable Modifications [Line Items]
Number of Loans under troubled debt restructurings	18
Recorded investment or loans under troubled debt restructurings | $	$ 2,400,000		$ 2,400,000
Loans modified under troubled debt restructurings during previous twelve month period that subsequently defaulted | $	$ 0	$ 0
Troubled Debt Restructuring, Adjustments to Maturity [Member]
Financing Receivable Modifications [Line Items]
Number of Loans under troubled debt restructurings	8
Troubled Debt Restructuring, Reduction in Interest Rate [Member]
Financing Receivable Modifications [Line Items]
Number of Loans under troubled debt restructurings	9
Nonaccrual [Member]
Financing Receivable Modifications [Line Items]
Number of Loans under troubled debt restructurings	1

SUBORDINATED DEBT SECURITIES -

SUBORDINATED DEBT SECURITIES - Additional Information (Details) - USD ($)	3 Months Ended
	Mar. 31, 2017	Mar. 24, 2017	Dec. 31, 2016
Debt Instrument [Line Items]
Subordinated debt	$ 18,133,000		$ 0
Subordinated Debt [Member]
Debt Instrument [Line Items]
Issuance of debt		$ 18,600,000
Interest rate		6.00%
Subordinated debt	$ 18,100,000
Debt issuance costs		$ 500,000
London Interbank Offered Rate (LIBOR) [Member] | Subordinated Debt [Member]
Debt Instrument [Line Items]
Basis points	3.945%

STOCKHOLDRES' EQUITY (Details)

STOCKHOLDRES' EQUITY (Details) - USD ($) $ / shares in Units, $ in Thousands, shares in Millions	Mar. 22, 2017	Mar. 31, 2017	Mar. 31, 2016	Dec. 31, 2016	Dec. 31, 2015
Class of Stock [Line Items]
Proceeds from public offering of common stock, net of issuance costs		$ 32,553	$ 0
Stockholders' equity		$ 148,336		$ 112,757	$ 109,350
Common Stock [Member]
Class of Stock [Line Items]
Stock issued (in shares)	1.6
Share price (usd per share)	$ 21.25
Proceeds from public offering of common stock, net of issuance costs	$ 32,600

STOCK-BASED COMPENSATION - Sche

STOCK-BASED COMPENSATION - Schedule of Assumptions Used for Option Awards Granted (Detail)	3 Months Ended
	Mar. 31, 2017$ / shares
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Expected dividends	0.22%
Expected volatility	20.46%
Risk-free interest rate	2.19%
Expected term (in years)	7 years
Weighted-average grant date fair value	$ 5.39

STOCK-BASED COMPENSATION - Sc54

STOCK-BASED COMPENSATION - Schedule of Stock Options Activity (Detail) - Stock Options [Member] - $ / shares	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016
Stock Options, Shares
Outstanding at beginning of period, number of options	319,364	278,352
Granted, number of options	36,177	46,512
Forfeited, number of options	(5,334)	0
Exercised, number of options	(15,041)	0
Outstanding at end of period, number of options	335,166	324,864
Exercisable at end of period, number of options	82,310	47,351
Stock Options Weighted Average Price
Outstanding at beginning of period, weighted-average exercise price	$ 14.37	$ 14.37
Granted, weighted-average exercise price	20.25	14.28
Forfeited, weighted-average exercise price	14	0
Exercised, weighted-average exercise price	13.45	0
Outstanding at end of period, weighted-average exercise price	15.05	14.36
Exercisable at end of period, weighted-average exercise price	$ 14.30	$ 13.82

STOCK-BASED COMPENSATION - Time

STOCK-BASED COMPENSATION - Time Vested Restricted Stock Award Activity (Detail) - Time Vested Restricted Stock Awards [Member] - $ / shares	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number of Shares [Roll Forward]
Balance at beginning of period, shares	93,366	60,592
Granted, shares	51,702	54,175
Forfeited, shares	(3,035)	(1,157)
Earned and issued, shares	(13,168)	(1,159)
Balance at end of period, shares	128,865	112,451
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Weighted Average Grant Date Fair Value [Abstract]
Balance at beginning of period, weighted avg grant date fair value	$ 14.75	$ 14.85
Granted, weighted avg grant date fair value	20.10	14.66
Forfeited, weighted avg grant date fair value	14.72	16.32
Earned and issued, weighted avg grant date fair value	14.93	15.33
Balance at end of period, weighted avg grant date fair value	$ 16.88	$ 14.74

STOCK-BASED COMPENSATION - Addi

STOCK-BASED COMPENSATION - Additional Information (Detail) - USD ($)	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Stock option expense	$ 51,000	$ 43,000
Unrecognized compensation cost related to stock options	800,000
Aggregate intrinsic value of stock options outstanding	2,300,000
Aggregate intrinsic value of exercisable stock options	$ 600,000
Stock Options [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Weighted-average period related to stock compensation	3 years 6 months 18 days
Time Vested Restricted Stock Awards [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Weighted-average period related to stock compensation	3 years 8 months
Unrecognized compensation cost related to time vested restricted stock award	$ 2,000,000
Time Vested Restricted Stock Awards [Member] | Minimum [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Unearned compensation related to awards amortized to compensation expense, vesting period	2 years	2 years
Time Vested Restricted Stock Awards [Member] | Maximum [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Unearned compensation related to awards amortized to compensation expense, vesting period		5 years
Incentive Plan [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Reserve of common stock for grant, award or issuance to directors and employees	600,000

DERIVATIVE FINANCIAL INSTRUME57

DERIVATIVE FINANCIAL INSTRUMENTS - Additional Information (Detail) - USD ($)	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016
Derivatives Fair Value [Line Items]
Maximum length of time hedged cash flow hedge period	3 years 4 months 24 days
Notional amount of derivative contract	$ 50,000,000
Gain (loss) on derivative instrument	100,000	$ (400,000)
Derivative instrument loss included in accumulated other comprehensive income to be reclassified to earnings	100,000
Interest Rate Swap [Member] | Designated As Hedging Instrument [Member] | Cash Flow Hedging [Member] | Accrued Taxes and Other Liabilities [Member]
Derivatives Fair Value [Line Items]
Fair value of derivative liabilities	$ 200,000

FAIR VALUES OF FINANCIAL INST58

FAIR VALUES OF FINANCIAL INSTRUMENTS - Summary of Assets and Liabilities Measured at Fair Value on a Recurring Basis (Detail) - USD ($) $ in Thousands	Mar. 31, 2017	Dec. 31, 2016
Assets:
Derivative financial instruments	$ 192
Fair Value, Measurements, Recurring [Member]
Assets:
Assets estimated fair value	174,331	$ 163,059
Derivative financial instruments	192	8
Fair Value, Measurements, Recurring [Member] | Obligations of other U. S. government agencies [Member]
Assets:
Assets estimated fair value	40,300	29,490
Fair Value, Measurements, Recurring [Member] | Obligations of state and political subdivisions [Member]
Assets:
Assets estimated fair value	27,688	27,855
Fair Value, Measurements, Recurring [Member] | Corporate bonds [Member]
Assets:
Assets estimated fair value	14,974	14,968
Fair Value, Measurements, Recurring [Member] | Residential mortgage-backed securities [Member]
Assets:
Assets estimated fair value	88,027	87,588
Fair Value, Measurements, Recurring [Member] | Commercial mortgage-backed securities [Member]
Assets:
Assets estimated fair value	2,445	2,444
Fair Value, Measurements, Recurring [Member] | Equity securities [Member]
Assets:
Assets estimated fair value	705	706
Fair Value, Measurements, Recurring [Member] | Quoted Prices in Active Markets for Identical Assets (Level 1) [Member]
Assets:
Assets estimated fair value	705	706
Derivative financial instruments	0	0
Fair Value, Measurements, Recurring [Member] | Quoted Prices in Active Markets for Identical Assets (Level 1) [Member] | Obligations of other U. S. government agencies [Member]
Assets:
Assets estimated fair value	0	0
Fair Value, Measurements, Recurring [Member] | Quoted Prices in Active Markets for Identical Assets (Level 1) [Member] | Obligations of state and political subdivisions [Member]
Assets:
Assets estimated fair value	0	0
Fair Value, Measurements, Recurring [Member] | Quoted Prices in Active Markets for Identical Assets (Level 1) [Member] | Corporate bonds [Member]
Assets:
Assets estimated fair value	0	0
Fair Value, Measurements, Recurring [Member] | Quoted Prices in Active Markets for Identical Assets (Level 1) [Member] | Residential mortgage-backed securities [Member]
Assets:
Assets estimated fair value	0	0
Fair Value, Measurements, Recurring [Member] | Quoted Prices in Active Markets for Identical Assets (Level 1) [Member] | Commercial mortgage-backed securities [Member]
Assets:
Assets estimated fair value	0	0
Fair Value, Measurements, Recurring [Member] | Quoted Prices in Active Markets for Identical Assets (Level 1) [Member] | Equity securities [Member]
Assets:
Assets estimated fair value	705	706
Fair Value, Measurements, Recurring [Member] | Significant Other Observable Inputs (Level 2) [Member]
Assets:
Assets estimated fair value	153,998	144,073
Derivative financial instruments	192	8
Fair Value, Measurements, Recurring [Member] | Significant Other Observable Inputs (Level 2) [Member] | Obligations of other U. S. government agencies [Member]
Assets:
Assets estimated fair value	40,300	29,490
Fair Value, Measurements, Recurring [Member] | Significant Other Observable Inputs (Level 2) [Member] | Obligations of state and political subdivisions [Member]
Assets:
Assets estimated fair value	9,385	10,199
Fair Value, Measurements, Recurring [Member] | Significant Other Observable Inputs (Level 2) [Member] | Corporate bonds [Member]
Assets:
Assets estimated fair value	13,649	14,344
Fair Value, Measurements, Recurring [Member] | Significant Other Observable Inputs (Level 2) [Member] | Residential mortgage-backed securities [Member]
Assets:
Assets estimated fair value	88,027	87,588
Fair Value, Measurements, Recurring [Member] | Significant Other Observable Inputs (Level 2) [Member] | Commercial mortgage-backed securities [Member]
Assets:
Assets estimated fair value	2,445	2,444
Fair Value, Measurements, Recurring [Member] | Significant Other Observable Inputs (Level 2) [Member] | Equity securities [Member]
Assets:
Assets estimated fair value	0	0
Fair Value, Measurements, Recurring [Member] | Significant Unobservable Inputs (Level 3) [Member]
Assets:
Assets estimated fair value	19,628	18,280
Derivative financial instruments	0	0
Fair Value, Measurements, Recurring [Member] | Significant Unobservable Inputs (Level 3) [Member] | Obligations of other U. S. government agencies [Member]
Assets:
Assets estimated fair value	0	0
Fair Value, Measurements, Recurring [Member] | Significant Unobservable Inputs (Level 3) [Member] | Obligations of state and political subdivisions [Member]
Assets:
Assets estimated fair value	18,303	17,656
Fair Value, Measurements, Recurring [Member] | Significant Unobservable Inputs (Level 3) [Member] | Corporate bonds [Member]
Assets:
Assets estimated fair value	1,325	624
Fair Value, Measurements, Recurring [Member] | Significant Unobservable Inputs (Level 3) [Member] | Residential mortgage-backed securities [Member]
Assets:
Assets estimated fair value	0	0
Fair Value, Measurements, Recurring [Member] | Significant Unobservable Inputs (Level 3) [Member] | Commercial mortgage-backed securities [Member]
Assets:
Assets estimated fair value	0	0
Fair Value, Measurements, Recurring [Member] | Significant Unobservable Inputs (Level 3) [Member] | Equity securities [Member]
Assets:
Assets estimated fair value	$ 0	$ 0

FAIR VALUES OF FINANCIAL INST59

FAIR VALUES OF FINANCIAL INSTRUMENTS - Summary of Assets Measured at Fair Value on Recurring Basis Using Significant Unobservable Inputs (Detail) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Fair value, beginning balance	$ 18,280	$ 11,531
Realized gains (losses) included in net income	0	0
Unrealized gains (losses) included in other comprehensive income	648	157
Purchases	700	0
Sales	0	0
Transfers into Level 3	0	0
Transfers out of Level 3	0	0
Fair value, ending balance	19,628	11,688
Obligations of state and political subdivisions [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Fair value, beginning balance	17,656	10,395
Realized gains (losses) included in net income	0	0
Unrealized gains (losses) included in other comprehensive income	647	166
Purchases	0	0
Sales	0	0
Transfers into Level 3	0	0
Transfers out of Level 3	0	0
Fair value, ending balance	18,303	10,561
Corporate bonds [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Fair value, beginning balance	624	1,136
Realized gains (losses) included in net income	0	0
Unrealized gains (losses) included in other comprehensive income	1	(9)
Purchases	700	0
Sales	0	0
Transfers into Level 3	0	0
Transfers out of Level 3	0	0
Fair value, ending balance	$ 1,325	$ 1,127

FAIR VALUES OF FINANCIAL INST60

FAIR VALUES OF FINANCIAL INSTRUMENTS - Summary of Assets Measured at Fair Value on a Nonrecurring Basis (Detail) - Fair Value, Measurements, Nonrecurring [Member] - USD ($) $ in Thousands	3 Months Ended	12 Months Ended
	Mar. 31, 2017	Dec. 31, 2016
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Estimated Fair Value	$ 251	$ 801
Impaired Loans [Member]
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Valuation Technique	Discounted cash flows, Underlying collateral value	Discounted cash flows, Underlying collateral value
Unobservable Inputs	Collateral discounts and estimated costs to sell	Collateral discounts and estimated costs to sell
Weighted Average [Member] | Impaired Loans [Member]
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Weighted Average Discount	30.00%	32.00%
Minimum [Member] | Impaired Loans [Member]
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Weighted Average Discount	0.00%	1.00%
Maximum [Member] | Impaired Loans [Member]
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Weighted Average Discount	100.00%	100.00%

FAIR VALUES OF FINANCIAL INST61

FAIR VALUES OF FINANCIAL INSTRUMENTS - Summary of Estimated Fair Values of Company's Financial Instruments (Detail) - USD ($) $ in Thousands	Mar. 31, 2017	Dec. 31, 2016
Financial assets:
Cash and due from banks	$ 26,643	$ 29,342
Federal funds sold		106
Investment securities	193,787	183,142
Other equity securities	6,320	5,362
Loans, net of allowance	894,905	886,375
Loans held for sale		8
Derivative financial instruments	192
Financial liabilities:
Deposits, noninterest-bearing	112,514	108,404
Deposits, interest-bearing	756,040	799,383
FHLB short-term advances and repurchase agreements	110,674	112,690
FHLB long-term advances	8,100	9,200
Junior subordinated debt	3,609	3,609
Subordinated debt	18,600
Other borrowings	78	1,000
Fair Value [Member]
Financial assets:
Cash and due from banks	26,643	29,342
Federal funds sold		106
Investment securities	193,561	182,663
Other equity securities	6,320	5,362
Loans, net of allowance	898,801	890,949
Loans held for sale		8
Derivative financial instruments	192
Financial liabilities:
Deposits, noninterest-bearing	112,514	108,404
Deposits, interest-bearing	736,314	779,397
FHLB short-term advances and repurchase agreements	110,674	112,690
FHLB long-term advances	8,007	9,233
Junior subordinated debt	2,908	3,635
Subordinated debt	18,613
Other borrowings	78	1,001
Quoted Prices in Active Markets for Identical Assets (Level 1) [Member] | Fair Value [Member]
Financial assets:
Cash and due from banks	26,643	29,342
Federal funds sold		106
Investment securities	705	706
Other equity securities	0	0
Loans, net of allowance	0	0
Loans held for sale		0
Derivative financial instruments	0
Financial liabilities:
Deposits, noninterest-bearing	0	0
Deposits, interest-bearing	0	0
FHLB short-term advances and repurchase agreements	0	0
FHLB long-term advances	0	0
Junior subordinated debt	0	0
Subordinated debt	0
Other borrowings	0	0
Significant Other Observable Inputs (Level 2) [Member] | Fair Value [Member]
Financial assets:
Cash and due from banks	0	0
Federal funds sold		0
Investment securities	160,522	151,128
Other equity securities	6,320	5,362
Loans, net of allowance	0	0
Loans held for sale		8
Derivative financial instruments	192
Financial liabilities:
Deposits, noninterest-bearing	112,514	108,404
Deposits, interest-bearing	0	0
FHLB short-term advances and repurchase agreements	110,674	112,690
FHLB long-term advances	0	0
Junior subordinated debt	0	0
Subordinated debt	18,613
Other borrowings	78	1,001
Significant Unobservable Inputs (Level 3) [Member] | Fair Value [Member]
Financial assets:
Cash and due from banks	0	0
Federal funds sold		0
Investment securities	32,334	30,829
Other equity securities	0	0
Loans, net of allowance	898,801	890,949
Loans held for sale		0
Derivative financial instruments	0
Financial liabilities:
Deposits, noninterest-bearing	0	0
Deposits, interest-bearing	736,314	779,397
FHLB short-term advances and repurchase agreements	0	0
FHLB long-term advances	8,007	9,233
Junior subordinated debt	2,908	3,635
Subordinated debt	0
Other borrowings	$ 0	$ 0

FAIR VALUES OF FINANCIAL INST62

FAIR VALUES OF FINANCIAL INSTRUMENTS - Additional Information (Detail) - USD ($)	3 Months Ended
	Mar. 31, 2017	Dec. 31, 2016
Fair Value Disclosures [Abstract]
Short-term borrowings maturity period	90 days
Liabilities measured on nonrecurring basis	$ 0	$ 0

INCOME TAXES - Summary of Expen

INCOME TAXES - Summary of Expense for Income Taxes and Effective Tax Rate Included in Consolidated Statement of Operations (Detail) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016
Income Tax Disclosure [Abstract]
Income tax expense	$ 847	$ 1,006
Effective tax rate	31.20%	33.60%

INCOME TAXES - Additional Infor

INCOME TAXES - Additional Information (Detail)	3 Months Ended
	Mar. 31, 2017
Income Tax Disclosure [Abstract]
Effective income tax rate related with statutory tax rate	35.00%

COMMITMENTS AND CONTINGENCIES -

COMMITMENTS AND CONTINGENCIES - Summary of Commitments to Extend Credit (Detail) - USD ($) $ in Thousands	Mar. 31, 2017	Dec. 31, 2016
Loan commitments [Member]
Loss Contingencies [Line Items]
Commitments to extend credit	$ 139,168	$ 142,891
Standby letters of credit [Member]
Loss Contingencies [Line Items]
Commitments to extend credit	$ 1,008	$ 1,008

COMMITMENTS AND CONTINGENCIES66

COMMITMENTS AND CONTINGENCIES - Additional Information (Detail) $ in Thousands	Mar. 31, 2017USD ($)
Business Acquisition [Line Items]
Commitment to fund investment in SBIC qualified funds	$ 900
Citizens Bancshares Inc | Non Interest Expense
Business Acquisition [Line Items]
Expenses	$ 145