Professional Holding (PFHD) 10-Q 16 Aug 21 2021 Q2 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	6 Months Ended
	Jun. 30, 2021	Aug. 13, 2021
Cover [Abstract]
Document Type	10-Q
Document Quarterly Report	true
Document Transition Report	false
Document Period End Date	Jun. 30, 2021
Entity File Number	001-39215
Entity Incorporation, State or Country Code	FL
Entity Tax Identification Number	46-5144312
Entity Address, Address Line One	396 Alhambra Circle, Suite 255
Entity Address, City or Town	Coral Gables
Entity Address, State or Province	FL
Entity Address, Postal Zip Code	33134
City Area Code	786
Local Phone Number	483-1757
Entity Registrant Name	Professional Holding Corp.
Title of 12(b) Security	Class A Common Stock
Trading Symbol	PFHD
Security Exchange Name	NASDAQ
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Non-accelerated Filer
Entity Shell Company	false
Entity Small Business	true
Entity Emerging Growth Company	true
Entity Ex Transition Period	false
Entity Common Stock, Shares Outstanding		13,419,010
Entity Central Index Key	0001630856
Current Fiscal Year End Date	--12-31
Document Fiscal Year Focus	2021
Document Fiscal Period Focus	Q2
Amendment Flag	false

CONSOLIDATED BALANCE SHEETS

CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Jun. 30, 2021	Dec. 31, 2020
ASSETS
Cash and due from banks	$ 29,803	$ 62,305
Interest-bearing deposits	586,377	129,291
Federal funds sold	36,156	25,376
Cash and cash equivalents	652,336	216,972
Securities available for sale, at fair value - taxable	100,735	65,110
Securities available for sale, at fair value - tax exempt	19,761	22,398
Securities held to maturity (fair value June 30, 2021 - $1,296, December 31, 2020 - $1,561)	1,285	1,547
Equity securities	5,942	6,005
Loans, net of allowance of $10,418 and $16,259 as of June 30, 2021, and December 31, 2020, respectively	1,680,168	1,643,373
Loans held for sale	2,039	1,270
Federal Home Loan Bank stock, at cost	2,341	3,229
Federal Reserve Bank stock, at cost	4,954	4,762
Accrued interest receivable	5,449	6,666
Premises and equipment, net	4,000	4,370
Bank owned life insurance	37,923	37,360
Deferred tax asset	9,446	10,525
Goodwill	24,621	24,621
Core deposit intangibles	1,280	1,422
Other assets	8,738	7,640
Total assets	2,561,018	2,057,270
Deposits
Demand - non-interest bearing	854,673	475,598
Demand - interest bearing	286,173	232,367
Money market and savings	874,637	715,003
Time deposits	261,680	236,575
Total deposits	2,277,163	1,659,543
Official checks	3,289	4,447
Federal Home Loan Bank advances	35,000	40,000
Other borrowings		114,573
Subordinated debt	10,062	10,153
Accrued interest and other liabilities	12,476	12,989
Total liabilities	2,337,990	1,841,705
Stockholders' equity
Preferred stock, 10,000,000 shares authorized, none issued
Treasury stock, at cost	(13,544)	(9,209)
Additional paid-in capital	210,274	208,995
Retained earnings	25,872	14,756
Accumulated other comprehensive income (loss)	283	882
Total stockholders' equity	223,028	215,565
Total liabilities and stockholders' equity	2,561,018	2,057,270
Class A Voting Common Stock
Stockholders' equity
Common stock	$ 143	$ 141

CONSOLIDATED BALANCE SHEETS (Pa

CONSOLIDATED BALANCE SHEETS (Parenthetical) - USD ($) $ in Thousands	Jun. 30, 2021	Dec. 31, 2020
Securities, Held to Maturity	$ 1,296	$ 1,561
Loans allowances	$ 10,418	$ 16,259
Preferred stock, shares authorized (in shares)	10,000,000	10,000,000
Preferred stock, shares issued (in shares)	0	0
Class A Voting Common Stock
Common Stock, par value (in dollars per share)	$ 0.01	$ 0.01
Common Stock Authorized	50,000,000	50,000,000
Common Stock, issued (in shares)	14,289,480	14,100,760
Common Stock, outstanding (in shares)	13,475,781	13,534,829
Class B Non-Voting Common stock
Common Stock, par value (in dollars per share)	$ 0.01	$ 0.01
Common Stock Authorized	10,000,000	10,000,000
Common Stock, issued (in shares)	0	0
Common Stock, outstanding (in shares)	0	0

CONDENSED CONSOLIDATED STATEMEN

CONDENSED CONSOLIDATED STATEMENTS OF INCOME AND COMPREHENSIVE INCOME - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
Interest income
Loans, including fees	$ 18,311	$ 17,897	$ 37,544	$ 27,912
Investment securities - taxable	161	232	340	434
Investment securities - tax exempt	189	206	392	226
Dividend income on restricted stock	99	131	194	210
Other	202	56	264	760
Total interest income	18,962	18,522	38,734	29,542
Interest expense
Deposits	1,430	1,617	2,747	4,243
Federal Home Loan Bank advances	190	287	386	565
Subordinated debt	77	59	207	189
Other borrowings	63	268	313	193
Total interest expense	1,760	2,231	3,653	5,190
Net interest income	17,202	16,291	35,081	24,352
Provision for loan losses	762	1,750	1,800	2,595
Net interest income after provision for loan losses	16,440	14,541	33,281	21,757
Non-interest income
Service charges on deposit accounts	1,199	307	1,594	529
Income from Bank owned life insurance	281	126	563	255
SBA origination fees		84	145	114
SWAP fees	364	210	573	473
Third party loan sales	226	157	301	267
Gain on sale and call of securities	21	11	22	15
Other	211	73	223	171
Total non-interest income	2,302	968	3,421	1,824
Non-interest expense
Salaries and employee benefits	7,099	6,912	13,883	12,175
Occupancy and equipment	905	1,081	2,007	1,855
Data processing	276	421	566	597
Marketing	165	151	318	288
Professional fees	770	806	1,398	1,161
Acquisition expenses		560	684	2,223
Regulatory assessments	418	300	767	514
Other	1,321	1,317	3,119	2,221
Total non-interest expense	10,954	11,548	22,742	21,034
Income before income taxes	7,788	3,961	13,960	2,547
Income tax provision (benefit)	1,457	830	2,844	733
Net income (loss)	$ 6,331	$ 3,131	$ 11,116	$ 1,814
Earnings per share:
Basic (in dollars per share)	$ 0.47	$ 0.23	$ 0.83	$ 0.16
Diluted (in dollars per share)	$ 0.45	$ 0.22	$ 0.80	$ 0.15
Other comprehensive income:
Unrealized holding gain (loss) on securities available for sale	$ (505)	$ 743	$ (794)	$ 1,068
Tax effect	124	(188)	195	(271)
Other comprehensive gain (loss), net of tax	(381)	555	(599)	797
Comprehensive income (loss)	$ 5,950	$ 3,686	$ 10,517	$ 2,611

CONSOLIDATED STATEMENTS OF STOC

CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY - USD ($) $ in Thousands	Common Stock	Treasury Stock	Additional Paid in Capital	Retained Earnings	Accumulated Other Comprehensive Income (Loss)	Total
Balance at Dec. 31, 2019	$ 60	$ (4,155)	$ 77,019	$ 6,451	$ (73)	$ 79,302
Balance (in Shares) at Dec. 31, 2019	5,867,446
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Issuance of common stock, net of Issuance cost	$ 37		60,221			60,258
Issuance of common stock, net of Issuance cost (in Shares)	3,664,667
Marquis Bancorp (MBI) acquisition	$ 42		64,657			64,699
Marquis Bancorp (MBI) acquisition (in shares)	4,227,816
Employee stock purchase plan			58			58
Stock based compensation			492			492
Treasury stock		(4,977)	(9)			(4,986)
Treasury stock (in shares)	(315,294)
Net income (loss)				1,814		1,814
Other comprehensive income					797	797
Balance at Jun. 30, 2020	$ 139	(9,132)	202,438	8,265	724	202,434
Balance (in Shares) at Jun. 30, 2020	13,444,635
Balance at Mar. 31, 2020	$ 138	(6,257)	201,670	5,134	169	200,854
Balance (in Shares) at Mar. 31, 2020	13,537,565
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Issuance of common stock, net of Issuance cost	$ 1		450			451
Issuance of common stock, net of Issuance cost (in Shares)	89,167
Employee stock purchase plan			27			27
Stock based compensation			296			296
Treasury stock		(2,875)	(5)			(2,880)
Treasury stock (in shares)	(182,097)
Net income (loss)				3,131		3,131
Other comprehensive income					555	555
Balance at Jun. 30, 2020	$ 139	(9,132)	202,438	8,265	724	202,434
Balance (in Shares) at Jun. 30, 2020	13,444,635
Balance at Dec. 31, 2020	$ 141	(9,209)	208,995	14,756	882	215,565
Balance (in Shares) at Dec. 31, 2020	13,534,829
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Issuance of common stock, net of Issuance cost	$ 1		543			544
Issuance of common stock, net of Issuance cost (in Shares)	61,204
Employee stock purchase plan			34			34
Employee stock purchase plan (in Shares)	1,851
Stock based compensation	$ 1		709			710
Stock based compensation (in shares)	125,665
Treasury stock		(4,335)	(7)			(4,342)
Treasury stock (in shares)	(247,768)
Net income (loss)				11,116		11,116
Other comprehensive income					(599)	(599)
Balance at Jun. 30, 2021	$ 143	(13,544)	210,274	25,872	283	223,028
Balance (in Shares) at Jun. 30, 2021	13,475,781
Balance at Mar. 31, 2021	$ 143	(10,087)	209,770	19,541	664	220,031
Balance (in Shares) at Mar. 31, 2021	13,661,567
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Issuance of common stock, net of Issuance cost			107			107
Issuance of common stock, net of Issuance cost (in Shares)	8,359
Employee stock purchase plan			18			18
Employee stock purchase plan (in Shares)	978
Stock based compensation			385			385
Stock based compensation (in shares)	(1,834)
Treasury stock		(3,457)	(6)			(3,463)
Treasury stock (in shares)	(193,289)
Net income (loss)				6,331		6,331
Other comprehensive income					(381)	(381)
Balance at Jun. 30, 2021	$ 143	$ (13,544)	$ 210,274	$ 25,872	$ 283	$ 223,028
Balance (in Shares) at Jun. 30, 2021	13,475,781

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	3 Months Ended		6 Months Ended		12 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020	Dec. 31, 2020
Cash flows from operating activities
Net income (loss)			$ 11,116	$ 1,814
Adjustments to reconcile net income to net cash from operating activities
Provision for loan losses	$ 762	$ 1,750	1,800	2,595
Deferred income tax benefit (expense)			988	(499)
Depreciation and amortization			739	739
Gain on sale of securities				(4)
Gain on call of securities			(22)	(11)
Equity unrealized change in market value			63	(24)
Net amortization of securities			1,396	(906)
Net amortization of deferred loan fees			(4,400)	1,118
Loans held for sale			(769)	(1,070)
Proceeds from sale of loans				110
Income from bank owned life insurance	(281)	(126)	(563)	(255)
Loss on disposal of premises and equipment			137
Employee stock purchase plan			34	58
Stock compensation			710	492
Changes in operating assets and liabilities:
Accrued interest receivable			1,217	(1,472)
Other assets			(1,098)	1,887
Official checks, accrued interest, interest payable and other liabilities			(1,385)	(3,395)
Net cash provided by operating activities			9,963	1,177
Cash flows from investing activities
Proceeds from maturities and paydowns of securities available for sale			11,123	6,256
Proceeds from calls of securities available for sale			4,648	4,835
Proceeds from maturities and paydowns of securities held to maturity			257	44
Purchase of securities available for sale			(50,922)	(60,693)
Proceeds from sale of securities available for sale				1,739	$ 1,700
Loans originations, net of principal repayments			(47,410)	(256,731)
Purchase of Federal Reserve Bank stock			(192)	(2,671)
Proceeds from maturities of Federal Home Loan Bank Stock			888
Purchase of Federal Home Loan Bank Stock				(1,297)
Purchases of premises and equipment			(455)	(741)
Proceeds from acquisition				26,860
Net cash used in investing activities			(82,063)	(282,399)
Cash flows from financing activities
Net increase (decrease) in deposits			617,620	126,404
Proceeds from issuance of stock, net of issuance costs			544	60,258
Purchase of treasury stock			(4,342)	(4,986)
Proceeds from Federal Home Loan Bank advances				10,000
Repayments of Federal Home Loan advances			(5,000)	(25,000)
Repayment of line of credit				(9,999)
Proceeds from PPPLF advances				218,080
Repayments of PPPLF advances			(101,358)
Net cash provided by financing activities			507,464	374,757
Increase in cash and cash equivalents			435,364	93,535
Cash and cash equivalents at beginning of period			216,972	198,950	198,950
Cash and cash equivalents at end of period	$ 652,336	$ 292,485	652,336	292,485	$ 216,972
Supplemental cash flow information:
Cash paid during the period for interest			4,425	4,907
Cash paid during the period for taxes			$ 3,000	20
Supplemental noncash disclosures:
Lease liabilities arising from obtaining right of use assets				1,620
Total assets acquired				589,374
Total liabilities assumed				$ 539,403

SUMMARY OF SIGNIFICANT ACCOUNTI

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	6 Months Ended
	Jun. 30, 2021
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	NOTE 1 — SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Basis of Presentation: The accompanying unaudited consolidated financial statements of Professional Holding Corp. and its subsidiary, Professional Bank (the “Bank” and collectively with Professional Holding Corp., the “Company”), have been prepared in accordance with U.S. generally accepted accounting principles for interim financial information. Accordingly, they do not include all of the information and footnotes required by U.S. generally accepted accounting principles for complete financial statements. In the opinion of management, all adjustments (consisting of normal recurring accruals) considered necessary for a fair presentation have been included. Certain prior period amounts have been reclassified to conform to the current period presentation. Operating results for the six months ended June 30, 2021, are not necessarily indicative of the results that may be expected for the year ending December 31, 2021, or any other period. For further information, refer to the consolidated financial statements and footnotes thereto included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2020. Use of Estimates: The preparation of these financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosures of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting periods. Actual results could differ from those estimates. ​ Adoption of new accounting standards: ASU 2019-12, Income Taxes (Topic 740) In December 2019, FASB issued guidance which simplifies the accounting for income taxes by removing multiple exceptions to the general principals in Topic 740. The standard is effective for public business entities for fiscal years, and for interim periods within those fiscal years, beginning after December 15, 2020. The new guidance did not materially impact the Company’s Consolidated Financial Statements or disclosures. ASU 2020-04, Reference Rate Reform (Topic 848) In March 2020, FASB issued guidance which provides optional guidance to ease the accounting burden in accounting for, or recognizing the effects from, reference rate reform on financial reporting. The new standard is a result of the London Interbank Offered Rate ("LIBOR") likely being discontinued as an available benchmark rate. The standard is elective and provides optional expedients and exceptions for applying U.S. Generally Accepted Accounting Principles (“GAAP”) to contracts, hedging relationships, or other transactions that reference LIBOR, or another reference rate expected to be discontinued. The amendments in the update are effective for all entities between March 12, 2020 and December 31, 2022. The Company has established a cross-functional working group to guide the Company’s transition from LIBOR and has begun efforts to transition to alternative rates consistent with industry timelines. The Company has identified its products that utilize LIBOR and has implemented enhanced fallback language to facilitate the transition to alternative reference rates. The Company is evaluating existing platforms and systems and preparing to offer new rates. The new guidance did not materially impact the Company’s Consolidated Financial Statements or disclosures. ​ New accounting standards that have not yet been adopted: The following provides a brief description of accounting standards that have been issued but are not yet adopted that could have a material effect on the Company’s financial statements: ​ ​ ASU 2016-13, Financial Instruments – Credit Losses (Topic 326) Description In June 2016, FASB issued guidance to replace the incurred loss model with an expected loss model, which is referred to as the current expected credit loss (CECL) model. The CECL model is applicable to the measurement of credit losses on financial assets measured at amortized cost, including loan receivables and held to maturity debt securities. It also applies to off-balance sheet credit exposures not accounted for as insurance (i.e. loan commitments, standby letters of credit, financial guarantees and other similar instruments). Date of Adoption For PBEs that are non-SEC filers and for SEC filers that are considered small reporting companies, it is effective for January 1, 2023. Early adoption is still permitted. Effect on the Consolidated Financial Statements The Company's management is in the process of evaluating credit loss estimation models. Updates to business processes and the documentation of accounting policy decisions are ongoing. The company may recognize an increase in the allowance for credit losses upon adoption, recorded as a one-time cumulative adjustment to retained earnings. However, the magnitude of the impact on the Company's consolidated financial statements has not yet been determined. The Company will adopt this accounting standard effective January 1, 2023.

EARNINGS PER SHARE

EARNINGS PER SHARE	6 Months Ended
	Jun. 30, 2021
EARNINGS PER SHARE
EARNINGS PER SHARE	NOTE 2 — EARNINGS PER SHARE Basic earnings per common share is computed by dividing net income available to common stockholders by the weighted average number of shares of common stock outstanding during the year. Diluted earnings per common share is computed by dividing net income available to common stockholders by the weighted average number of shares of common stock outstanding plus the effect of employee stock options during the year. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three Months Ended June 30, ​ Six Months Ended June 30, ​ 2021 2020 ​ 2021 2020 Basic earnings per share: ​ ​ ​ ​ ​ Net income ​ $ 6,331 ​ $ 3,131 ​ $ 11,116 ​ $ 1,814 Total weighted average common stock outstanding ​ 13,397,747 ​ 13,415,525 ​ 13,419,929 ​ 11,516,756 Net income per share ​ $ 0.47 ​ $ 0.23 ​ $ 0.83 ​ $ 0.16 Diluted earnings per share: ​ ​ ​ ​ ​ ​ ​ ​ Net income ​ $ 6,331 ​ $ 3,131 ​ $ 11,116 ​ $ 1,814 Total weighted average common stock outstanding ​ 13,397,747 ​ 13,415,525 ​ 13,419,929 ​ 11,516,756 Add: Dilutive effect of employee stock options ​ ​ 564,822 ​ ​ 518,435 ​ ​ 521,900 ​ ​ 526,503 Total weighted average diluted stock outstanding ​ ​ 13,962,569 ​ ​ 13,933,960 ​ ​ 13,941,829 ​ ​ 12,043,259 Net income per share ​ $ 0.45 ​ $ 0.22 ​ $ 0.80 ​ $ 0.15 ​ For the three months ended June 30, 2021, there were 270,850 thousand stock options that were anti-dilutive and for the three months ended June 30, 2020, there were 29,350 thousand stock options that were anti-dilutive. For the six months ended June 30, 2021, there were 270,850 thousand stock options that were anti-dilutive and for the six months ended June 30, 2020, there were 29,350 thousand stock options that were anti-dilutive.

SECURITIES

SECURITIES	6 Months Ended
	Jun. 30, 2021
SECURITIES
SECURITIES	NOTE 3 — SECURITIES The following table summarizes the amortized cost and fair value of securities available-for-sale and securities held-to-maturity at June 30, 2021 and December 31, 2020, and the corresponding amounts of gross unrealized gains and losses recognized in accumulated other comprehensive loss and gross unrecognized gains and losses: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Gross Gross ​ ​ ​ ​ Amortized ​ Unrealized ​ Unrealized ​ ​ ​ June 30, 2021 ​ Cost ​ Gains ​ Losses ​ Fair Value Available-for-sale - taxable ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Small Business Administration loan pools ​ $ 43,091 ​ $ 78 ​ $ (573) ​ $ 42,596 Mortgage-backed securities ​ 54,517 ​ 205 ​ (182) ​ 54,540 United States agency obligations ​ ​ 2,001 ​ ​ 88 ​ ​ - ​ ​ 2,089 Corporate bonds ​ 1,500 ​ 10 ​ - ​ 1,510 Total available-for-sale - taxable ​ $ 101,109 ​ $ 381 ​ $ (755) ​ $ 100,735 Available-for-sale - tax exempt ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Community Development District bonds ​ $ 17,954 ​ $ 704 ​ $ - ​ $ 18,658 Municipals ​ ​ 1,057 ​ ​ 46 ​ ​ - ​ ​ 1,103 Total available-for-sale - tax exempt ​ $ 19,011 ​ $ 750 ​ $ - ​ $ 19,761 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Gross Gross ​ ​ ​ Amortized ​ Unrecognized ​ Unrecognized ​ ​ ​ ​ ​ Cost ​ Gains ​ Losses ​ Fair Value Held-to-Maturity ​ ​ ​ ​ Mortgage-backed securities ​ $ 285 ​ $ 11 ​ $ — ​ $ 296 Foreign Bonds ​ ​ 1,000 ​ ​ — ​ ​ — ​ ​ 1,000 Total Held-to-Maturity ​ $ 1,285 ​ $ 11 ​ $ — ​ $ 1,296 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Gross Gross ​ ​ ​ ​ Amortized ​ Unrealized ​ Unrealized ​ Fair December 31, 2020 ​ Cost ​ Gains ​ Losses ​ Value Available-for-sale - taxable ​ ​ ​ ​ Small Business Administration loan pools ​ $ 30,678 ​ $ 77 ​ $ (199) ​ $ 30,556 Mortgage-backed securities ​ 28,514 ​ 438 ​ (30) ​ 28,922 United States agency obligations ​ ​ 3,000 ​ ​ 122 ​ ​ - ​ ​ 3,122 Corporate bonds ​ 2,501 ​ 9 ​ - ​ 2,510 Total available-for-sale - taxable ​ $ 64,693 ​ $ 646 ​ $ (229) ​ $ 65,110 Available-for-sale - tax exempt ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Community Development District bonds ​ $ 20,582 ​ $ 717 ​ $ - ​ $ 21,299 Municipals ​ ​ 1,064 ​ ​ 35 ​ ​ - ​ ​ 1,099 Total available-for-sale - tax exempt ​ $ 21,646 ​ $ 752 ​ $ - ​ $ 22,398 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Gross Gross ​ ​ ​ ​ ​ Amortized ​ Unrecognized ​ Unrecognized ​ Fair ​ ​ Cost ​ Gains ​ Losses Value Held-to-Maturity ​ ​ ​ ​ Mortgage-backed securities ​ $ 345 ​ $ 14 ​ $ — ​ $ 359 United States Treasury ​ ​ 202 ​ ​ — ​ ​ — ​ ​ 202 Foreign Bonds ​ ​ 1,000 ​ ​ — ​ ​ — ​ ​ 1,000 Total Held-to-Maturity ​ $ 1,547 ​ $ 14 ​ $ — ​ $ 1,561 ​ As of June 30, 2021 and December 31, 2020, Corporate bonds were comprised of investments in the financial services industry. During the six months ended June 30, 2021, the net investment portfolio increased by $32.6 million as a result of increases from purchases of $50.9 million in SBA and MBS securities combined with decreases of $17.4 million from paydowns, maturities and calls, as well as the unrealized holding loss on securities available for sale of $0.7 million with related tax effect of $0.2 million. Proceeds from the maturity and redemption of securities during the three and six months ended June 30, 2021, were $3.2 million and $4.7 million, with gross realized gains of $21 thousand and $22 thousand, respectively. Proceeds from the sales of securities during the year ended December 31, 2020, were $1.7 million, with gross realized gains of $4 thousand. Proceeds from redemption of securities for the year ended December 31, 2020, were $9.1 million, with gross realized gains of $33 thousand. Total securities pledged as of June 30, 2021 and December 31, 2020, were $13.3 million and $12.5 million, respectively. Securities pledged for derivative SWAP transactions as of June 30, 2021, were $1.1 million which were included in the total securities pledged, such securities were generally pledged for public funds. There were no securities pledged for derivate SWAP transactions at December 31, 2020. The amortized cost and fair value of debt securities are shown by contractual maturity. Expected maturities may differ from contractual maturities if borrowers have the right to call or prepay obligations with or without call or prepayment penalties. Securities not due at a single maturity date are shown separately. The scheduled maturities of securities as of June 30, 2021, are as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ June 30, 2021 ​ Amortized Fair ​ ​ Cost ​ Value Available-for-sale ​ ​ ​ ​ ​ ​ Due in one year or less ​ $ 1,038 ​ $ 1,056 Due after one year through five years ​ 21,159 ​ 21,975 Due after five years through ten years ​ ​ 315 ​ ​ 329 Due after ten years ​ ​ — ​ ​ — Subtotal ​ $ 22,512 ​ $ 23,360 ​ ​ ​ ​ ​ ​ ​ Small Business Administration loan pools ​ $ 43,091 ​ $ 42,596 Mortgage-backed securities ​ ​ 54,517 ​ ​ 54,540 Total available-for-sale ​ $ 120,120 ​ $ 120,496 ​ ​ ​ ​ ​ ​ ​ Held-to-maturity ​ ​ ​ ​ ​ ​ Due in one year or less ​ $ 1,000 ​ $ 1,000 Due after one year through five years ​ ​ — ​ ​ — Subtotal ​ $ 1,000 ​ $ 1,000 ​ ​ ​ ​ ​ ​ ​ Mortgage-backed securities ​ $ 285 ​ $ 296 Total held-to-maturity ​ $ 1,285 ​ $ 1,296 ​ At June 30, 2021 and December 31, 2020, there were no holdings of securities of any one issuer, other than the U.S. Government and its agencies, in an amount greater than 10% of stockholders’ equity. At June 30, 2021 and December 31, 2020, the number of investment positions that are in an unrealized loss position were 48 and 36, respectively. The tables below indicate the fair value of debt securities with unrealized losses and for the period of time of which these losses were outstanding at June 30, 2021 and December 31, 2020, respectively, aggregated by major security type and length of time in a continuous unrealized loss position: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Less Than 12 Months ​ 12 Months or Longer ​ Total ​ Fair Unrealized Fair Unrealized Fair Unrealized ​ ​ Value ​ Losses ​ Value ​ Losses ​ Value ​ Losses June 30, 2021 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Available-for-sale - taxable ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Small Business Administration loan pools ​ $ 15,273 ​ $ (427) ​ $ 17,777 ​ $ (146) ​ $ 33,050 ​ $ (573) Mortgage-backed securities ​ 14,648 ​ (181) ​ 1,286 ​ (1) ​ 15,934 ​ (182) United States agency obligations ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — Corporate bonds ​ — ​ — ​ — ​ — ​ — ​ — Total available-for-sale - taxable ​ $ 29,921 ​ $ (608) ​ $ 19,063 ​ $ (147) ​ $ 48,984 ​ $ (755) Available-for-sale - tax exempt ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Community Development District bonds ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — Municipals ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — Total available-for-sale - tax exempt ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, 2020 ​ ​ ​ ​ ​ ​ Available-for-sale - taxable ​ ​ ​ ​ ​ ​ Small Business Administration loan pools ​ $ 18,849 ​ $ (133) ​ $ 8,945 ​ $ (66) ​ $ 27,794 ​ $ (199) Mortgage-backed securities ​ 5,839 ​ — ​ 2,510 ​ (30) ​ 8,349 ​ (30) United States agency obligations ​ ​ 227 ​ ​ — ​ ​ — ​ ​ — ​ ​ 227 ​ ​ — Corporate bonds ​ — ​ — ​ — ​ — ​ — ​ — Total available-for-sale - taxable ​ $ 24,915 ​ $ (133) ​ $ 11,455 ​ $ (96) ​ $ 36,370 ​ $ (229) Available-for-sale - tax exempt ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Community Development District bonds ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — Municipals ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — Total available-for-sale - tax exempt ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ The unrealized holding losses within the investment portfolio are considered to be temporary and are mainly due to changes in the interest rate cycle. The unrealized loss positions may fluctuate positively or negatively with changes in interest rates or spreads. Since SBA loan pools and mortgage-backed securities are government sponsored entities that are highly rated, the decline in fair value is attributable to changes in interest rates and not credit quality. The Company does not have any securities in an Other Than Temporary Impairment (“OTTI”) position. The Company does not intend to sell these securities and it is likely that it will not be required to sell the securities before their anticipated recovery. The Company does not consider these securities to be other-than-temporarily impaired at June 30, 2021. No credit losses were recognized in operations during the six months ended June 30, 2021, or during the year ended December 31, 2020.

LOANS

LOANS	6 Months Ended
	Jun. 30, 2021
LOANS
LOANS	NOTE 4 — LOANS Loans at June 30, 2021 and December 31, 2020, were as follows: ​ ​ ​ ​ ​ ​ ​ ​ June 30, 2021 December 31, 2020 Commercial real estate ​ $ 875,453 ​ $ 777,776 Residential real estate ​ 361,946 ​ 380,491 Commercial ​ 373,333 ​ 396,642 Construction and land development ​ 74,175 ​ 99,883 Consumer and other ​ 14,575 ​ 11,688 Total loans ​ 1,699,482 ​ 1,666,480 Unearned loan origination (fees) costs, net ​ (1,984) ​ (1,323) Unearned PPP loan origination (fees) costs, net ​ ​ (4,855) ​ ​ (4,255) Allowance for loan loss ​ (10,418) ​ (16,259) Loans held for sale ​ ​ (2,039) ​ ​ (1,270) Other ​ ​ (18) ​ ​ — Loans, net ​ $ 1,680,168 ​ $ 1,643,373 ​ The recorded investment in loans excludes accrued interest receivable due to immateriality. At June 30, 2021 and December 31, 2020, there were $209.9 million and $227.8 million, respectively in total loans pledged to the Federal Home Loan Bank (“FHLB”) for liquidity. Loan premiums for loans purchased are amortized over the life of the loan with acceleration upon the increase in principal paydowns or payoffs. At June 30, 2021 and December 31, 2020, loan premiums for purchased loans were $0.5 million and $0.6 million, respectively. There are no loans over 90 days past due and accruing as of June 30, 2021, or December 31, 2020. The following table presents the aging of the recorded investment in past due loans as of June 30, 2021 and December 31, 2020, by class of loans: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 30 – 59 ​ 60 – 89 ​ Greater than ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Days ​ Days ​ 89 Days ​ ​ ​ ​ Total ​ Loans Not ​ ​ ​ ​ Past Due Past Due Past Due Nonaccrual Past Due Past Due Total June 30, 2021 ​ ​ ​ ​ ​ ​ ​ ​ ​ Commercial real estate ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ 875,453 ​ $ 875,453 Residential real estate ​ — ​ — ​ — ​ — ​ — ​ 361,946 ​ 361,946 Commercial ​ — ​ — ​ — ​ 1,468 ​ 1,468 ​ 371,865 ​ 373,333 Construction and land development ​ — ​ — ​ — ​ — ​ — ​ 74,175 ​ 74,175 Consumer and other ​ — ​ 94 ​ — ​ ​ 1,307 ​ ​ 1,401 ​ 13,174 ​ 14,575 Total ​ $ — ​ $ 94 ​ $ — ​ $ 2,775 ​ $ 2,869 ​ $ 1,696,613 ​ $ 1,699,482 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 30 – 59 ​ 60 – 89 ​ Greater than ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Days ​ Days ​ 89 Days ​ ​ ​ ​ Total ​ Loans Not ​ ​ ​ ​ Past Due Past Due Past Due Nonaccrual Past Due Past Due Total December 31, 2020 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Commercial real estate ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ 777,776 ​ $ 777,776 Residential real estate ​ 1,303 ​ — ​ — ​ — ​ 1,303 ​ 379,188 ​ 380,491 Commercial ​ 278 ​ — ​ — ​ 9,127 ​ 9,405 ​ 387,237 ​ 396,642 Construction and land development ​ — ​ — ​ — ​ — ​ — ​ 99,883 ​ 99,883 Consumer and other ​ — ​ — ​ — ​ ​ 1,307 ​ ​ 1,307 ​ 10,381 ​ 11,688 Total ​ $ 1,581 ​ $ — ​ $ — ​ $ 10,434 ​ $ 12,015 ​ $ 1,654,465 ​ $ 1,666,480 ​ At June 30, 2021, there were six impaired loans (consisting of nonaccrual loans, troubled debt restructured loans, loans past due 90 days or more and still accruing interest and other loans based on management’s judgment) with both unpaid principal balance and recorded investments totaling $5.4 million. Three of these loans were impaired loans with a recorded investment of $2.8 million with an allowance of $0.7 million and one substandard accruing loan with a recorded investment of $2.3 million with no allowance. The average net investment on the impaired residential real estate and commercial loans during the three months ended June 30, 2021, were $0.9 million. Residential real estate loans had $2.4 thousand and $5.0 thousand interest income recognized for the three and six months ended June 30, 2021 and 2020, respectively, which was equal to the cash basis interest income. At December 31, 2020, there were six impaired loans with recorded investments totaling $13.1 million, of which there were three impaired loans with a recorded investment of $10.4 million on nonaccrual with an allowance of $8.3 million and one substandard accruing loan with a recorded investment of $2.4 million with no allowance. The average net investment on the impaired residential real estate and commercial loans during the year ended December 31, 2020, was $2.2 million. The residential real estate loans had $12.7 thousand of interest income recognized during the year ended December 31, 2020, which was equal to the cash basis interest income. Troubled Debt Restructurings: The principal carrying balances of loans that met the criteria for consideration as troubled debt restructurings (“TDR”) were $252 thousand and $298 thousand as of June 30, 2021 and December 31, 2020, respectively. The Company has allocated no specific reserves to customers whose loan terms have been modified in troubled debt restructurings as of June 30, 2021 and December 31, 2020. The Company has not committed any additional amounts to customers whose loans are classified as a troubled debt restructuring. Credit Quality Indicators: The Company categorizes loans into risk categories based on relevant information about the ability of borrowers to service their debt including: current financial information, historical payment experience, credit documentation, public information, and current economic trends, among other factors. Generally, all credits greater than $1.0 million are reviewed at least annually to monitor and adjust, if necessary, the credit risk profile. Loans classified as substandard or special mention are reviewed quarterly by the Company for further evaluation to determine if they are appropriately classified and whether there is any impairment. Beyond the annual review, all loans are graded upon initial issuance. In addition, during the renewal process of any loan, as well as if a loan becomes past due, the Company will determine the appropriate loan grade. Loans excluded from the review process above are generally classified as pass credits until: (a) they become past due; (b) management becomes aware of deterioration in the creditworthiness of the borrower; or (c) the customer contacts the Company for a modification. In these circumstances, the loan is specifically evaluated for potential classification as to special mention, substandard, doubtful, or even charged-off. The Company uses the following definitions for risk ratings: Pass: Riskless: High Quality Risk: Satisfactory Risk: Moderate Risk: track record of timely loan payments, no material adverse changes to underlying collateral, and no material adverse change to guarantor(s) financial capacity, evidenced by public record searches. Special mention: Substandard: Doubtful: Loss: Based on the most recent analysis performed, the risk category of loans by class of loans is as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Special ​ ​ ​ ​ ​ ​ ​ ​ ​ (Dollars in thousands) Pass Mention Substandard Doubtful Total June 30, 2021 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Commercial real estate ​ $ 873,127 ​ $ — ​ $ 2,326 ​ $ — ​ $ 875,453 Residential real estate ​ 361,946 — — — 361,946 Commercial ​ 371,400 465 1,468 — 373,333 Construction and land development ​ 74,175 — — — 74,175 Consumer ​ 13,174 94 1,307 — 14,575 Total ​ $ 1,693,822 $ 559 $ 5,101 $ — $ 1,699,482 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, 2020 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Commercial real estate ​ $ 775,420 ​ $ — ​ $ 2,356 ​ $ — ​ $ 777,776 Residential real estate ​ 380,062 429 — — 380,491 Commercial ​ 387,403 112 9,127 — 396,642 Construction and land development ​ 99,883 — — — 99,883 Consumer ​ 10,381 — 1,307 — 11,688 Total ​ $ 1,653,149 $ 541 $ 12,790 $ — $ 1,666,480 ​ Purchased Credit Impaired Loans: The Company has purchased loans, for which there was, at acquisition, evidence of deterioration of credit quality since origination and it was probable, at acquisition, that all contractually required payments would not be collected. The carrying amount of those loans is as follows: ​ ​ ​ ​ ​ ​ ​ (Dollars in thousands) ​ June 30, 2021 December 31, 2020 Commercial real estate (1) ​ $ 5,892 ​ $ — Residential real estate ​ ​ 452 ​ ​ 405 Commercial ​ 616 ​ 746 Construction and development (1) ​ — ​ 3,732 Carrying amount, net of total discounts ​ $ 6,960 ​ $ 4,883 (1) During the three months ended June 30, 2021, construction was completed on a construction loan and recategorized as a non-owner occupied commercial real estate loan. ​ Changes in the carrying amount of the accretable yield for all purchased credit impaired loans were as follows for the six months ended June 30, 2021: ​ ​ ​ ​ (Dollars in thousands) 2021 Balance at beginning of period ​ $ (630) Adjustment of income ​ — Accretion ​ 195 Reclassifications from nonaccretable difference ​ (136) Disposals ​ — Balance at end of period ​ $ (571) ​ For those purchased credit impaired loans disclosed above, no allowances for loan losses were recorded or reversed during the six months ended June 30, 2021. The credit fair value adjustment on purchased credit impairment (“PCI”) loans represents the portion of the loan balances that have been deemed uncollectible based on the Company’s expectations of future cash flows for each respective loan. PCI loans purchased on March 26, 2020, for which it was probable at acquisition that all contractually required payments would not be collected are as follows: ​ ​ ​ ​ (Dollars in thousands) March 26, 2020 Contractually required principal and interest by loan type ​ ​ ​ Commercial real estate ​ $ 427 Residential real estate ​ 604 Commercial ​ 2,176 Construction and development ​ 5,614 Consumer and other loans ​ - Total ​ $ 8,821 Contractual cash flows not expected to be collected (nonaccretable discount) ​ ​ ​ Commercial real estate ​ $ 80 Residential real estate ​ 138 Commercial ​ 1,123 Construction and development ​ 2,297 Consumer and other loans ​ - Total ​ $ 3,638 ​ ​ ​ ​ Expected cash flows ​ $ 5,183 Interest component of expected cash flows (accretable discount) ​ ​ (545) Fair value of PCI loans accounted for under ASC 310-30 ​ $ 4,638 ​ Non-Performing Assets As of June 30, 2021, the Company had nonperforming assets of $2.8 million, or 0.11% of total assets, compared to nonperforming assets of $10.4 million, or 0.51% of total assets, at December 31, 2020. The Bank’s charge-off policy for impaired loans is similar to its charge-off policy for all loans in that loans are charged-off in the month when a determination of a confirmed loss is made on a loan. In March 2021, the Company charged off $7.6 million of the Coex Coffee International, Inc. (“Coex”) loan, which amount was previously reserved during the third quarter of 2020. Based on a review of the estimated receivables collected by the assignee in the Florida case for the benefit of creditors (the “Assignee”), the remaining book balance of $0.6 million for the Coex loan appears to be collectable by the Company, subject to final accounting by the Assignee. Paycheck Protection Program During the three months ended June 30, 2021, the Company funded 172 loans representing $17.6 million under Round 3 of the Paycheck Protection Program (“PPP.”). As of June 30, 2021, the Company participated in all three rounds of the PPP and funded Liquidity Facility ("PPPLF"). The PPPLF pledged loans are non-recourse to the Company. However, the Company paid off all of the PPPLF advances during the first and second quarter of 2021 and the balance was $0 as of June 30, 2021. Debt Service Relief Requests Related to COVID-19 ​ As a result of the COVID-19 pandemic the Company has reviewed and processed numerous debt service relief requests in accordance with Section 4013 of the CARES Act and interagency guidelines published by federal banking regulators on March 13, 2020. As currently interpreted by the agencies, the guidelines assert that short-term modifications made on good faith for reasons related to the COVID-19 pandemic to borrowers who were current prior to such relief are not considered TDRs. These modifications include deferrals of principal and interest, modification to interest only, and deferrals to escrow requirements. The modifications have varying terms up to six months. As of June 30, 2021, all these loans had returned to normal payment schedules.

ALLOWANCE FOR LOAN LOSSES

ALLOWANCE FOR LOAN LOSSES	6 Months Ended
	Jun. 30, 2021
ALLOWANCE FOR LOAN LOSSES
ALLOWANCE FOR LOAN LOSSES	NOTE 5 — ALLOWANCE FOR LOAN LOSSES The following table presents the balance in the allowance for loan losses and the recorded investment in loans by portfolio segment and based on the impairment method for the six months ended June 30, 2021, and the year ended December 31, 2020: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Construction ​ ​ ​ ​ ​ ​ ​ Commercial ​ Residential ​ ​ ​ ​ and land ​ Consumer ​ ​ ​ ​ Real Estate Real Estate Commercial Development and Other Total June 30, 2021 ​ ​ ​ ​ ​ ​ Allowance for loan losses: ​ ​ ​ ​ ​ ​ Beginning balance ​ $ 3,159 ​ $ 2,177 ​ $ 10,462 ​ $ 388 ​ $ 73 ​ $ 16,259 Provision for loan losses ​ 1,126 ​ 92 ​ 602 ​ (27) ​ 7 ​ 1,800 Loans charged-off ​ - ​ - ​ (7,641) ​ - ​ - ​ (7,641) Recoveries ​ - ​ - ​ - ​ - ​ - ​ - Total ending allowance balance ​ $ 4,285 ​ $ 2,269 ​ $ 3,423 ​ $ 361 ​ $ 80 ​ $ 10,418 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Construction ​ ​ ​ ​ ​ ​ ​ ​ Commercial ​ Residential ​ ​ ​ ​ and land ​ Consumer ​ ​ ​ ​ Real Estate Real Estate Commercial Development and Other Total December 31, 2020 ​ ​ ​ ​ ​ ​ Allowance for loan losses: ​ ​ ​ ​ ​ ​ Beginning balance ​ $ 1,845 ​ $ 3,115 ​ $ 1,235 ​ $ 272 ​ $ 81 ​ $ 6,548 Provision for loan losses ​ 1,314 ​ (731) ​ 9,326 ​ 116 ​ (8) ​ 10,017 Loans charged-off ​ — ​ (207) ​ (99) ​ — ​ — ​ (306) Recoveries ​ — ​ — ​ — ​ — ​ — ​ — Total ending allowance balance ​ $ 3,159 ​ $ 2,177 ​ $ 10,462 ​ $ 388 ​ $ 73 ​ $ 16,259 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Construction ​ ​ ​ ​ ​ ​ ​ Commercial ​ Residential ​ ​ ​ ​ and Land ​ Consumer ​ ​ ​ ​ Real Estate Real Estate Commercial Development and Other Total June 30, 2021 ​ ​ ​ ​ ​ ​ Allowance for loan losses: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Ending allowance balance attributable to loans ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Individually evaluated for impairment ​ $ — ​ $ — ​ $ 658 ​ $ — ​ $ — ​ $ 658 Purchased Credit Impaired (PCI) loans ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — Collectively evaluated for impairment ​ ​ 4,285 ​ ​ 2,269 ​ ​ 2,765 ​ ​ 361 ​ ​ 80 ​ ​ 9,760 Total ending allowance balance ​ $ 4,285 ​ $ 2,269 ​ $ 3,423 ​ $ 361 ​ $ 80 ​ $ 10,418 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Loans: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Loans individually evaluated for impairment ​ $ 2,326 ​ $ 252 ​ $ 1,468 ​ $ — ​ $ 1,307 ​ $ 5,353 Loans collectively evaluated for impairment ​ ​ 873,127 ​ ​ 361,694 ​ ​ 371,865 ​ ​ 74,175 ​ ​ 13,268 ​ ​ 1,694,129 Total ending loans balance ​ $ 875,453 ​ $ 361,946 ​ $ 373,333 ​ $ 74,175 ​ $ 14,575 ​ $ 1,699,482 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, 2020 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Allowance for loan losses: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Ending allowance balance attributable to loans ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Individually evaluated for impairment ​ $ — ​ $ — ​ $ 8,309 ​ $ — ​ $ — ​ $ 8,309 Purchased Credit Impaired (PCI) loans ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ ​ Collectively evaluated for impairment ​ ​ 3,159 ​ ​ 2,177 ​ ​ 2,153 ​ ​ 388 ​ ​ 73 ​ ​ 7,950 Total ending allowance balance ​ $ 3,159 ​ $ 2,177 ​ $ 10,462 ​ $ 388 ​ $ 73 ​ $ 16,259 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Loans: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Loans individually evaluated for impairment ​ $ 2,356 ​ $ 298 ​ $ 9,127 ​ $ — ​ $ 1,307 ​ $ 13,088 Loans collectively evaluated for impairment ​ ​ 775,420 ​ ​ 380,193 ​ ​ 387,515 ​ ​ 99,883 ​ ​ 10,381 ​ ​ 1,653,392 Total ending loans balance ​ $ 777,776 ​ $ 380,491 ​ $ 396,642 ​ $ 99,883 ​ $ 11,688 ​ $ 1,666,480 ​

DEPOSITS

DEPOSITS	6 Months Ended
	Jun. 30, 2021
DEPOSITS.
Deposits	NOTE 6 — DEPOSITS ​ The Company’s total deposits are comprised of the following at the dates indicated: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ For the Six Months Ended ​ For the Year Ended ​ ​ ​ June 30, 2021 ​ December 31, 2020 ​ ​ ​ Ending ​ ​ ​ Ending ​ ​ ​ (Dollars in thousands) Balance % of Total Balance % of Total NOW accounts ​ $ 286,173 ​ 12.6 % $ 232,367 ​ 14.0 % Money market accounts ​ 810,913 35.6 % 679,761 41.0 % Brokered deposits ​ ​ 56,534 ​ 2.5 % ​ 30,137 ​ 1.8 % Savings accounts ​ 11,814 0.5 % 9,727 0.6 % Certificates of deposit ​ 257,056 11.3 % 231,953 14.0 % Total interest-bearing deposits ​ 1,422,490 62.5 % 1,183,945 71.3 % Noninterest-bearing deposits ​ 854,673 37.5 % 475,598 28.7 % Total deposits ​ $ 2,277,163 ​ 100.0 % $ 1,659,543 ​ 100.0 % (1) Balance Sheet does not illustrate brokered deposits as presented above . The following table presents the maturities of our time deposits including time deposits that exceed the $250,000 FDIC insurance limit as of June 30, 2021 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Over Over Six ​ ​ ​ ​ ​ ​ Three ​ Three ​ Months ​ ​ ​ ​ ​ ​ ​ ​ Months or ​ Through ​ Through ​ Over ​ ​ ​ (Dollars in thousands) ​ Less ​ Six Months ​ 12 Months ​ 12 Months ​ Total Time deposits of $250,000 or less ​ $ 15,852 ​ $ 12,749 ​ $ 43,020 ​ $ 22,047 ​ $ 93,668 Time deposits of more than $250,000 ​ ​ 23,302 ​ ​ 24,537 ​ ​ 85,376 ​ ​ 34,797 ​ ​ 168,012 Total ​ $ 39,154 ​ $ 37,286 ​ $ 128,396 ​ $ 56,844 ​ $ 261,680 The following tables present the maturities of our time deposits including time deposits that exceed the $250,000 FDIC insurance limit as of December 31, 2020 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Over Over Six ​ ​ ​ ​ ​ ​ Three ​ Three ​ Months ​ ​ ​ ​ ​ ​ ​ ​ Months or ​ Through ​ Through ​ Over ​ ​ ​ (Dollars in thousands) ​ Less ​ Six Months ​ 12 Months ​ 12 Months ​ Total Time deposits of $250,000 or less ​ $ 20,767 ​ $ 13,258 ​ $ 24,805 ​ $ 19,240 ​ $ 78,070 Time deposits of more than $250,000 ​ ​ 40,189 ​ ​ 35,314 ​ ​ 42,844 ​ ​ 40,158 ​ ​ 158,505 Total ​ $ 60,956 ​ $ 48,572 ​ $ 67,649 ​ $ 59,398 ​ $ 236,575 ​ As of June 30, 2021 and December 31, 2020, the Company had time deposits that meet or exceed the $250,000 FDIC insurance limit of $168.0 million and $158.5 million, respectively. Securities, mortgage loans or other financial instruments pledged as collateral for certain deposits were $52.4 million, and $54.7 million at June 30, 2021 and December 31, 2020, respectively. The aggregate amount of demand deposits that have been re-classified as loan balances at June 30, 2021 and December 31, 2020, were $0.3 million, and $0.1 million, respectively. Deposits from principal officers, directors and their affiliates at June 30, 2021 and December 31, 2020, were $17.9 million, and $12.1 million, respectively. ​ For time deposits having a remaining term of more than one year, the aggregate amount of maturities for each of the five years at the dates indicated. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ June 30, 2021 ​ December 31, 2020 Less than 1 year ​ $ 204,836 ​ $ 177,178 Over 1 through 2 years ​ ​ 55,625 ​ ​ 57,034 Over 2 through 3 years ​ ​ 1,179 ​ ​ 1,658 Over 3 through 4 years ​ ​ 40 ​ ​ 705 Over 4 through 5 years ​ ​ - ​ ​ - Over 5 years ​ ​ - ​ ​ - Total ​ $ 261,680 ​ $ 236,575 ​ Banks are required to maintain cash reserves in the form of vault cash or in an account with the Federal Reserve Bank or in noninterest-earning accounts with other qualified banks. This requirement is based on the Bank’s amount of transaction deposit accounts. Due to the amount of transaction deposit accounts, the Bank was not required to have cash reserve requirements at June 30, 2021 and December 31, 2020. Additionally, the Company had $93.6 million and $98.2 million, in Qualified Public Deposits (“QPD”) that require collateral pledged as of June 30, 2021 and December 31, 2020.

DEBT

DEBT	6 Months Ended
	Jun. 30, 2021
DEBT
DEBT	NOTE 7 — DEBT ​ Subordinated Debt Valley National Line of Credit

BORROWINGS

BORROWINGS	6 Months Ended
	Jun. 30, 2021
BORROWINGS
BORROWINGS	NOTE 8 — BORROWINGS The Company uses short-term and long-term borrowings to supplement deposits to fund lending and investment activities. FHLB Advances. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Six Months Ended ​ Year Ended ​ (Dollars in thousands) June 30, 2021 December 31, 2020 ​ Amount outstanding at period-end ​ $ 35,000 ​ $ 40,000 ​ Weighted average interest rate at period-end ​ 2.04 % 1.96 % Maximum month-end balance during period ​ $ 40,000 ​ $ 70,000 ​ Average balance outstanding during period ​ 38,867 ​ 58,210 ​ Weighted average interest rate during period ​ 1.98 % 1.63 % ​ Federal Reserve Bank of Atlanta June 30, 2021 PPPLF Advances

COMMON STOCK AND PREFERRED STOC

COMMON STOCK AND PREFERRED STOCK	6 Months Ended
	Jun. 30, 2021
COMMON STOCK AND PREFERRED STOCK
COMMON STOCK AND PREFERRED STOCK	NOTE 9 — COMMON STOCK AND PREFERRED STOCK Class A Voting Common Stock The Company has Class A voting common stock with a par value of $0.01 per share. As of June 30, 2021, there are 50,000,000 shares authorized as Class A voting common stock of which 13,475,781 are outstanding. During the six months ended June 30, 2021, the Company issued 193,764 shares of Class A voting common stock, inclusive of 127,499 shares of restricted stock grants, 64,414 shares of options exercised, and 1,851 shares pursuant to the employee stock purchase program. During the six months ended June 30, 2021, the Company repurchased 247,768 shares of Class A common stock. Further, during the same six month period, upon the vesting of a portion of restricted stock, employees of the Company elected to have 3,210 shares of Class A common voting stock withheld for tax purposes and had 1,834 in restricted stock cancellations. Class B Non-voting Common Stock The Company has Class B non-voting common stock with a par value of $0.01 per share. As of June 30, 2021, there are 10,000,000 shares authorized as Class B non-voting common stock, none of which are outstanding. Preferred Stock The Company has 10,000,000 shares of undesignated and unissued preferred stock.

FAIR VALUE

FAIR VALUE	6 Months Ended
	Jun. 30, 2021
FAIR VALUE.
FAIR VALUE	NOTE 10 — FAIR VALUE Fair value is the exchange price that would be received for an asset or paid to transfer a liability (exit price) in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants on the measurement date. There are three levels of inputs that may be used to measure fair values: Level 1 — Quoted prices (unadjusted) for identical assets or liabilities in active markets that the entity has the ability to access as of the measurement date. Level 2 — Significant other observable inputs other than Level 1 prices such as quoted prices for similar assets or liabilities; quoted prices in markets that are not active; or other inputs that are observable or can be corroborated by observable market data. Level 3 — Significant unobservable inputs that reflect a Company’s own assumptions about the assumptions that market participants would use in pricing an asset or liability. The Company used the following methods and significant assumptions to estimate fair value: Cash and cash equivalents: Securities available for sale: Securities held-to-maturity: Equity securities: The Company values equity securities at readily determinable market values based on the closing price at the end of each period. Changes in fair value are recognized through net income. Loans: Loans held for sale: Federal Home Loan Bank stock: Federal Reserve Bank stock: Accrued interest receivable: Deposits: Federal Home Loan Bank advances: Off-balance-sheet instruments: Assets and Liabilities Measured on a Recurring Basis Assets and liabilities measured at fair value on a recurring basis, are summarized below: There were no securities reclassified into or out of Level 3 during the six months ended June 30, 2021, or for the year ended December 31, 2020. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Fair Value Measurements ​ ​ ​ ​ ​ at June 30, 2021 Using: ​ ​ ​ ​ ​ ​ ​ ​ Significant ​ ​ ​ ​ ​ ​ ​ ​ Quoted Prices in ​ Other ​ Significant ​ ​ ​ ​ ​ Active Markets for ​ Observable ​ Unobservable ​ ​ Fair ​ Identical Assets ​ Inputs ​ Inputs June 30, 2021 Value (Level 1) (Level 2) (Level 3) Available-for-sale - taxable ​ ​ ​ ​ Small Business Administration loan pools ​ $ 42,596 ​ $ — ​ $ 42,596 ​ $ — Mortgage-backed securities ​ 54,540 ​ — ​ 54,540 ​ — United States agency obligations ​ ​ 2,089 ​ ​ — ​ ​ 2,089 ​ ​ — Corporate bonds ​ 1,510 ​ — ​ 1,510 ​ — Total ​ $ 100,735 ​ $ — ​ $ 100,735 ​ $ — Available-for-sale - tax exempt ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Community Development District bonds ​ $ 18,658 ​ $ — ​ $ 18,658 ​ $ — Municipals ​ ​ 1,103 ​ ​ — ​ ​ 1,103 ​ ​ — Total ​ $ 19,761 ​ $ — ​ $ 19,761 ​ $ — Equity ​ ​ ​ ​ Mutual funds ​ $ 5,942 ​ $ 5,942 ​ $ — ​ $ — Total ​ $ 5,942 ​ $ 5,942 ​ $ — ​ $ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Fair Value Measurements ​ ​ ​ ​ ​ at December 31, 2020 Using: ​ ​ ​ ​ ​ ​ ​ ​ Significant ​ ​ ​ ​ ​ ​ ​ ​ Quoted Prices in ​ Other ​ Significant ​ ​ ​ ​ ​ Active Markets for ​ Observable ​ Unobservable ​ ​ Fair ​ Identical Assets ​ Inputs ​ Inputs December 31, 2020 Value (Level 1) (Level 2) (Level 3) Available-for-sale - taxable ​ ​ ​ ​ Small Business Administration loan pools ​ $ 30,556 ​ $ — ​ $ 30,556 ​ $ — Mortgage-backed securities ​ 28,922 ​ — ​ 28,922 ​ — United States agency obligations ​ 3,122 ​ — ​ 3,122 ​ — Corporate bonds ​ 2,510 ​ — ​ 2,510 ​ — Total ​ $ 65,110 ​ $ — ​ $ 65,110 ​ $ — Available-for-sale - tax exempt ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Community Development District bonds ​ $ 21,299 ​ $ — ​ $ 21,299 ​ $ — Municipals ​ ​ 1,099 ​ ​ — ​ ​ 1,099 ​ ​ — Total ​ $ 22,398 ​ $ — ​ $ 22,398 ​ $ — Equity ​ ​ ​ ​ Mutual funds ​ $ 6,005 ​ $ 6,005 ​ $ — ​ $ — Total ​ $ 6,005 ​ $ 6,005 ​ $ — ​ $ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ at June 30, 2021 Using: ​ ​ ​ ​ ​ ​ ​ ​ Significant ​ ​ ​ ​ ​ ​ ​ ​ Quoted Prices in ​ Other ​ Significant ​ ​ ​ ​ ​ Active Markets for ​ Observable ​ Unobservable ​ ​ Fair ​ Identical Assets ​ Inputs ​ Inputs June 30, 2021 Value (Level 1) (Level 2) (Level 3) Customer Derivatives: Interest Rate SWAPs ​ ​ ​ ​ Customer Derivatives - Interest Rate SWAPs Asset ​ $ 863 ​ $ — ​ $ 863 ​ $ — Customer Derivatives - Interest Rate SWAPs Liability ​ ​ (863) ​ ​ — ​ ​ (863) ​ ​ — Total ​ $ — ​ $ — ​ $ — ​ $ — ​ As of December 31, 2020, the Company did not hold any interest rate SWAPs. Impaired loans: Specifically, regarding the Coex loan, the carrying amount of the loan for impairment purposes was determined based on the note outstanding balance at June 30, 2021, less the non-recourse amount sold to our participant, yielding a carrying value of $0.6 million. The fair value of the collateral was determined based on a review of information obtained from the Assignee related to the collectability of the collateral adjusted for legal and disposition costs. When netted in the same percentage as the non-recourse portion of the loan, the net fair value of collateral was noted as $0.6 million. The net result of these calculations provides for no specific reserve within the Allowance for Loan and Lease Losses (“ALLL”) associated with the Coex loan or approximately 0% of the carrying value of the loan. Assets measured at fair value on a non-recurring basis are summarized below: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Fair Value Measurements ​ ​ ​ ​ ​ at June 30, 2021 Using: ​ ​ ​ ​ ​ ​ ​ ​ Significant ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Quoted Prices in ​ Other ​ Significant ​ ​ ​ ​ ​ Total at ​ Active Markets for ​ Observable ​ Unobservable ​ ​ ​ ​ ​ June 30, ​ Identical Assets ​ Inputs ​ Inputs ​ Total Gains (Dollars in thousands) 2021 (Level 1) (Level 2) (Level 3) (Losses) Impaired Loans: ​ ​ ​ ​ ​ ​ Commercial real estate ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — Residential real estate ​ — ​ — ​ — ​ — ​ — Commercial ​ ​ 810 ​ ​ — ​ ​ — ​ ​ 810 ​ ​ (658) Construction and land development ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — Consumer and other ​ — ​ — ​ — ​ — ​ — Total ​ $ 810 ​ $ — ​ $ — ​ $ 810 ​ $ (658) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Fair Value Measurements ​ ​ ​ ​ ​ at December 31, 2020 Using: ​ ​ ​ ​ ​ ​ ​ ​ Significant ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Quoted Prices in ​ Other ​ Significant ​ ​ ​ ​ ​ Total at ​ Active Markets for ​ Observable ​ Unobservable ​ ​ ​ ​ ​ December 31, ​ Identical Assets ​ Inputs ​ Inputs ​ Total Gains (Dollars in thousands) 2020 (Level 1) (Level 2) (Level 3) (Losses) Impaired Loans: ​ ​ ​ ​ ​ ​ Commercial real estate ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — Residential real estate ​ — ​ — ​ — ​ — ​ — Commercial ​ ​ 818 ​ ​ — ​ ​ — ​ ​ 818 ​ ​ (8,309) Construction and land development ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — Consumer and other ​ — ​ — ​ — ​ — ​ — Total ​ $ 818 ​ $ — ​ $ — ​ $ 818 ​ $ (8,309) ​ As shown above our impaired loans consist solely of commercial loans considered to be Level 3. These Level 3 loans have significant unobservable inputs such as appraisal adjustments for local market conditions and economic factors that may result in changes in value of an assets over time. The table below presents the approximate carrying amount and estimated fair value of the Company’s financial instruments (in thousands): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ June 30, 2021 ​ ​ Carrying ​ Fair ​ Fair Value ​ Amount Value Hierarchy Financial Assets: ​ ​ Cash & Due from Banks, including interest bearing deposits ​ $ 616,180 ​ $ 616,180 Level 1 Federal Funds Sold ​ 36,156 ​ 36,156 Level 1 Securities, Available for Sale - taxable ​ 101,109 ​ 100,735 Level 2 Securities, Available for Sale - tax exempt ​ ​ 19,011 ​ ​ 19,761 ​ Level 2 Securities, Held to Maturity ​ 1,285 ​ 1,296 Level 2 Securities, Equity ​ 5,942 ​ 5,942 Level 1 Loans, net ​ 1,680,168 ​ 1,702,726 Level 3 Loans Held For Sale ​ 2,039 ​ 2,039 Level 1 Bank Owned Life Insurance ​ ​ 37,923 ​ ​ 37,923 ​ Level 2 Accrued Interest Receivable ​ 5,449 ​ 5,449 Level 1, 2 & 3 Customer Derivatives - Interest Rate SWAPs ​ ​ 863 ​ ​ 863 ​ Level 2 ​ ​ ​ ​ ​ ​ ​ ​ ​ Financial Liabilities: ​ ​ Deposits ​ 2,277,163 ​ 2,246,864 Level 2 Federal Home Loan Bank Advances ​ 35,000 ​ 33,671 Level 2 Subordinated Debt ​ ​ 10,062 ​ ​ 10,062 ​ Level 2 PPPLF Advances ​ ​ — ​ ​ — ​ Level 2 Loan Participations ​ ​ — ​ ​ — ​ Level 2 Customer Derivatives - Interest Rate SWAPs ​ ​ 863 ​ ​ 863 ​ Level 2 Accrued Interest Payable ​ 267 ​ 267 Level 2 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, 2020 ​ ​ Carrying ​ Fair ​ Fair Value ​ Amount Value Hierarchy Financial Assets: ​ ​ Cash & Due from Banks, including interest bearing deposits ​ $ 191,597 ​ $ 191,597 Level 1 Federal Funds Sold ​ 25,375 ​ 25,375 Level 1 Securities, Available for Sale - taxable ​ 65,110 ​ 65,110 Level 2 Securities, Available for Sale - tax exempt ​ ​ 22,398 ​ ​ 22,398 ​ Level 2 Securities, Held to Maturity ​ 1,547 ​ 1,561 Level 2 Securities, Equity ​ 6,005 ​ 6,005 Level 1 Loans, net ​ 1,643,373 ​ 1,653,401 Level 3 Loans Held For Sale ​ ​ 1,270 ​ ​ 1,270 ​ Level 1 Bank Owned Life Insurance ​ 37,360 ​ 37,360 Level 2 Accrued Interest Receivable ​ 6,666 ​ 6,666 Level 1, 2 & 3 ​ ​ ​ ​ ​ ​ ​ ​ ​ Financial Liabilities: ​ ​ Deposits ​ 1,659,543 ​ 1,693,331 Level 2 Federal Home Loan Bank Advances ​ 40,000 ​ 37,927 Level 2 Subordinated Debt ​ ​ 10,153 ​ ​ 10,153 ​ Level 2 PPPLF Advances ​ ​ 101,358 ​ ​ 101,519 ​ Level 2 Loan Participations ​ ​ 13,215 ​ ​ 13,215 ​ Level 2 Accrued Interest Payable ​ 546 ​ 546 Level 2 ​

DERIVATIVE INSTRUMENTS

DERIVATIVE INSTRUMENTS	6 Months Ended
	Jun. 30, 2021
DERIVATIVE INSTRUMENTS
DERIVATIVE INSTRUMENTS	NOTE 11 — CUSTOMER DERIVATIVES — INTEREST RATE SWAPS ​ During the first quarter of 2021, the Company established a program whereby it originates a variable rate loan and enters into a variable-to-fixed interest rate SWAP with the customer. The Company also enters into an offsetting SWAP with a SWAP dealer. These back-to-back SWAP agreements are intended to offset each other and allow the Company to originate a variable rate loan, while providing a contract for fixed interest payments for the customer. The net cash flow for the Company is equal to the interest income received from a variable rate loan originated with the customer. The SWAPs with both the customers and third 815, Derivatives and Hedging earnings; however, there may 820, Fair Value Measurement and Disclosure 820” million. Additionally, we recorded million, which were fully collateralized with pledged securities held with counterparty in excess of the exposure amount at quarter end. ​

LOAN COMMITMENTS AND OTHER RELA

LOAN COMMITMENTS AND OTHER RELATED ACTIVITIES	6 Months Ended
	Jun. 30, 2021
LOAN COMMITMENTS AND OTHER RELATED ACTIVITIES
LOAN COMMITMENTS AND OTHER RELATED ACTIVITIES	NOTE 12 — LOAN COMMITMENTS AND OTHER RELATED ACTIVITIES ​ Some financial instruments, such as loan commitments, credit lines, letters of credit, and overdraft protection, are issued to meet customer financing needs. These are agreements to provide credit or to support the credit of others, as long as conditions established in the contract are met, and usually have expiration dates. Commitments may expire without being used. Off-balance-sheet risk to credit loss exists up to the face amount of these instruments, although material losses are not anticipated. The same credit policies are used to make such commitments as are used for loans, including obtaining collateral at exercise of the commitment. The contractual amounts of financial instruments with off-balance-sheet risk at June 30, 2021 and December 31, 2020, were as follows: ​ ​ ​ ​ ​ ​ ​ ​ (Dollars in thousands) June 30, 2021 December 31, 2020 Unfunded lines of credit ​ $ 366,015 ​ $ 356,955 Commitments to extend credit ​ 83,857 ​ 40,629 Letters of credit ​ 11,226 ​ 13,036 Total credit extension commitments ​ $ 461,098 ​ $ 410,620 ​

REGULATORY CAPITAL MATTERS

REGULATORY CAPITAL MATTERS	6 Months Ended
	Jun. 30, 2021
REGULATORY CAPITAL MATTERS
REGULATORY CAPITAL MATTERS	NOTE 13 — REGULATORY CAPITAL MATTERS Banks and bank holding companies are subject to regulatory capital requirements administered by federal banking agencies. Capital adequacy guidelines and, additionally for banks, prompt corrective action regulations, involve quantitative measures of assets, liabilities, and certain off-balance-sheet items calculated under regulatory accounting practices. Capital amounts and classifications are also subject to qualitative judgments by regulators. Failure to meet capital requirements can initiate regulatory action. The final rules implementing Basel Committee on Banking Supervision’s capital guidelines for United States banks (Basel III rules) became effective for the Bank on January 1, 2015, with full compliance with all of the requirements being phased in over a multi-year schedule, and fully phased in by January 1, 2019. Under the Basel III rules, the Bank must hold a capital conservation buffer above the adequately capitalized risk-based capital ratios. The capital conservation buffer was phased in from 0.0% for 2015 to 2.50% by 2019. The capital conservation buffer for June 30, 2021, is 2.50% and for December 31, 2020, was 2.50%. The net unrealized gain or loss on available for sale securities is not included in computing regulatory capital. Management believes as of June 30, 2021, the Bank met all capital adequacy requirements to which it was subject. Prompt corrective action regulations provide five classifications: well capitalized, adequately capitalized, undercapitalized, significantly undercapitalized, and critically undercapitalized, although these terms are not used to represent overall financial condition. If adequately capitalized, regulatory approval is required to accept brokered deposits. If undercapitalized, capital distributions are limited, as is asset growth and expansion, and capital restoration plans are required. At June 30, 2021 and December 31, 2020, the most recent regulatory notifications categorized the Bank as well capitalized under the regulatory framework for prompt corrective action. There are no conditions or events since that notification that management believes have changed the institution’s category. Based on changes to the Federal Reserve’s definition of a “Small Bank Holding Company” that increased the threshold to $3 billion in assets in August 2018, the Company is not currently subject to separate minimum capital measurements. At such time as the Company reaches the $3 billion asset level, it will again be subject to capital measurements independent of the Bank. For comparison purposes, the Company’s ratios are included in following discussion as well, all of which would have exceeded the “well-capitalized” level had the Company been subject to separate capital minimums. Actual and required capital amounts and ratios are presented below at June 30, 2021 and December 31, 2020. The required amounts for capital adequacy shown below do not include the capital conservation buffer previously discussed. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Minimum to be well ​ ​ ​ Actual ​ Minimum for capital adequacy ​ capitalized ​ (Dollars in thousands) Amount Ratio Amount Ratio Amount Ratio June 30, 2021 ​ ​ ​ ​ Total capital ratio ​ ​ ​ ​ ​ Bank ​ $ 198,836 12.8 % $ 124,003 8.0 % $ 155,004 10.0 % Company ​ 218,325 14.1 % 124,003 8.0 % N/A N/A ​ Tier 1 capital ratio ​ ​ ​ ​ ​ Bank ​ 187,416 12.1 % 93,002 6.0 % 124,003 8.0 % Company ​ 196,844 12.7 % 93,002 6.0 % N/A N/A ​ Tier1 leverage ratio ​ ​ ​ ​ ​ Bank ​ 187,416 7.4 % 101,368 4.0 % 126,710 5.0 % Company ​ 196,844 7.8 % 101,368 4.0 % N/A N/A ​ Common equity tier 1 capital ratio ​ ​ ​ ​ ​ ​ Bank ​ 187,416 12.1 % 69,752 4.5 % 100,753 6.5 % Company ​ 196,844 12.7 % 69,752 4.5 % N/A N/A ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Minimum to be well ​ ​ Actual ​ Minimum for capital adequacy ​ capitalized (Dollars in thousands) Amount Ratio Amount Ratio Amount Ratio December 31, 2020 ​ ​ ​ ​ Total capital ratio ​ ​ ​ ​ Bank ​ $ 176,633 12.0 % $ 117,298 8.0 % $ 146,623 10.0 % Company ​ 215,977 14.7 % 117,298 8.0 % N/A N/A ​ Tier 1 capital ratio ​ ​ ​ ​ ​ Bank ​ 159,448 10.9 % 87,974 6.0 % 117,298 8.0 % Company ​ 188,639 12.9 % 87,974 6.0 % N/A N/A ​ Tier1 leverage ratio ​ ​ ​ ​ ​ Bank ​ 159,448 8.4 % 75,723 4.0 % 94,654 5.0 % Company ​ 188,639 10.0 % 75,723 4.0 % N/A N/A ​ Common equity tier 1 capital ratio ​ ​ ​ ​ ​ ​ Bank ​ 159,448 10.9 % 65,980 4.5 % 95,305 6.5 % Company ​ 188,639 12.9 % 65,980 4.5 % N/A N/A ​ ​

STOCK BASED COMPENSATION

STOCK BASED COMPENSATION	6 Months Ended
	Jun. 30, 2021
STOCK BASED COMPENSATION
STOCK BASED COMPENSATION	NOTE 14 — STOCK BASED COMPENSATION ​ Restricted Stock An award of restricted stock involves the immediate transfer by the Company to the participant of a specific number of shares of our Class A voting common stock, which are subject to a risk of forfeiture and a restriction on transferability. This restriction will lapse following a stated period of time. The participant does not pay for the restricted stock and has all of the rights of a holder of a share of our Class A voting common stock (except for the restriction on transferability), including the right to vote and receive dividends unless otherwise determined by the Compensation Committee and set forth in the award agreement. The Company has limited the aggregate number of shares of our Class A voting common stock to be awarded under the 2019 Equity Incentive Plan as restricted stock to 300,000 shares. The Company has 222,009 shares of restricted stock outstanding, at a weighted average exercise price of $16.82, to employees and directors under the 2019 Equity Incentive Plan as of June 30, 2021, for which the Company did not receive, nor will it receive, any monetary consideration. Therefore, there were 77,991 restricted shares available to be issued at June 30, 2021. As of June 30, 2021, there was approximately $2.9 million in unrecognized compensation expense in regard to restricted stock that will be recognized over a three-year period. ​

LEASES

LEASES	6 Months Ended
	Jun. 30, 2021
LEASES
LEASES	NOTE 15 — LEASES Operating leases in which the Company is the lessee are recorded as right-of-use (“ROU”) assets and operating lease liabilities, including premises and equipment and other liabilities, respectively on the Consolidated Balance Sheets. Currently the Company does not have any lessor leases (formerly known as capital leases) to report on its financials. The Company’s ROU assets are classified under premises and equipment on the Balance Sheet. The ROU liabilities are classified under other liabilities. The Company did not record new ROU during the six months ended June 30, 2021, and recorded $2.0 million during the year ended December 31, 2020. The total amount of ROU was $5.6 and $6.5 million at June 30, 2021 and December 31, 2020, respectively. The majority of the Company’s lessee leases are operating leases and consist of leased real estate for branches and operations centers. The Company elected the short term lease recognition exemption for all leases that qualify, meaning those with terms under twelve months. The ROU assets represent the Company’s right to use the underlying assets during the lease term and operating liabilities represent the obligation to make lease payments arising from the lease. ROU assets and operating lease liabilities are recognized at lease commencement. Options to extend and renew leases are generally exercised under normal circumstances. Advance notification is required prior to termination, and any noticing period is often limited to the months prior to renewal. Variable payments generally consist of common area maintenance and taxes. Rent escalations are generally specified by a payment schedule or are subject to a defined formula. The Company also does not separate lease and non-lease components for all leases, the majority of which consist of real estate common area maintenance expenses. Generally, leases do not include guaranteed residual values, but instead typically specify that the leased premises are to be returned in satisfactory condition with the Company liable for damages. Lease cost for the three and six months ended June 30, 2021 and 2020 consists of: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three Months Ended ​ Three Months Ended ​ Six Months Ended ​ Six Months Ended ​ June 30, 2021 ​ June 30, 2020 ​ June 30, 2021 June 30, 2020 Operating Lease and Interest Cost ​ $ 326 ​ $ 445 ​ $ 794 ​ $ 756 Variable Lease Cost ​ 82 ​ 142 ​ 199 ​ 249 Total Lease Cost ​ $ 408 ​ $ 587 ​ $ 993 ​ $ 1,005 ​ The following table provides supplemental information related to leases for the three and six months ended June 30, 2021 and 2020: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three Months Ended ​ Three Months Ended ​ Six Months Ended ​ Six Months Ended ​ ​ June 30, 2021 ​ June 30, 2020 ​ June 30, 2021 June 30, 2020 ​ Operating Lease - Operating Cash Flows (Fixed Payments) ​ $ 326 ​ $ 445 ​ $ 793 ​ $ 756 ​ Operating Lease - Operating Cash Flows (Liability Reduction) ​ $ 296 ​ $ 416 ​ $ 921 ​ $ 669 ​ New ROU Assets - Operating Leases ​ $ — ​ $ — ​ $ — ​ $ 1,620 ​ Weighted Average Lease Term (Years) - Operating Leases ​ ​ ​ ​ ​ ​ ​ ​ 5.25 ​ ​ 6.02 ​ Weighted Average Discount Rate - Operating Leases ​ ​ ​ % ​ ​ % ​ 3.13 % ​ 3.02 % ​ A maturity analysis of operating lease liabilities and reconciliation of the undiscounted cash flows to the total operating lease liabilities as of June 30, 2021, is as follows: ​ ​ ​ ​ ​ ​ June 30, 2021 Operating lease payments due: ​ Within one year ​ $ 1,400 After one but within two years ​ 1,421 After two but within three years ​ ​ 1,296 After three but within four years ​ ​ 1,093 After four years but within five years ​ ​ 955 After five years ​ ​ 706 Total undiscounted cash flows ​ ​ 6,871 Discount on cash flows ​ ​ (1,291) Total operating lease liabilities ​ $ 5,580 ​

SUBSEQUENT EVENTS

SUBSEQUENT EVENTS	6 Months Ended
	Jun. 30, 2021
SUBSEQUENT EVENTS.
SUBSEQUENT EVENTS	NOTE 16 — SUBSEQUENT EVENTS Loan Production Offices On July 12, 2021, the Company expanded its Florida footprint by opening up two new loan production offices in Tampa/St. Petersburg and Jacksonville. ​

SUMMARY OF SIGNIFICANT ACCOUN_2

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	6 Months Ended
	Jun. 30, 2021
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
Basis of Presentation	Basis of Presentation: The accompanying unaudited consolidated financial statements of Professional Holding Corp. and its subsidiary, Professional Bank (the “Bank” and collectively with Professional Holding Corp., the “Company”), have been prepared in accordance with U.S. generally accepted accounting principles for interim financial information. Accordingly, they do not include all of the information and footnotes required by U.S. generally accepted accounting principles for complete financial statements. In the opinion of management, all adjustments (consisting of normal recurring accruals) considered necessary for a fair presentation have been included. Certain prior period amounts have been reclassified to conform to the current period presentation. Operating results for the six months ended June 30, 2021, are not necessarily indicative of the results that may be expected for the year ending December 31, 2021, or any other period. For further information, refer to the consolidated financial statements and footnotes thereto included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2020.
Use of estimates	Use of Estimates: The preparation of these financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosures of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting periods. Actual results could differ from those estimates.
Adoption of new accounting standards	Adoption of new accounting standards: ASU 2019-12, Income Taxes (Topic 740) In December 2019, FASB issued guidance which simplifies the accounting for income taxes by removing multiple exceptions to the general principals in Topic 740. The standard is effective for public business entities for fiscal years, and for interim periods within those fiscal years, beginning after December 15, 2020. The new guidance did not materially impact the Company’s Consolidated Financial Statements or disclosures. ASU 2020-04, Reference Rate Reform (Topic 848) In March 2020, FASB issued guidance which provides optional guidance to ease the accounting burden in accounting for, or recognizing the effects from, reference rate reform on financial reporting. The new standard is a result of the London Interbank Offered Rate ("LIBOR") likely being discontinued as an available benchmark rate. The standard is elective and provides optional expedients and exceptions for applying U.S. Generally Accepted Accounting Principles (“GAAP”) to contracts, hedging relationships, or other transactions that reference LIBOR, or another reference rate expected to be discontinued. The amendments in the update are effective for all entities between March 12, 2020 and December 31, 2022. The Company has established a cross-functional working group to guide the Company’s transition from LIBOR and has begun efforts to transition to alternative rates consistent with industry timelines. The Company has identified its products that utilize LIBOR and has implemented enhanced fallback language to facilitate the transition to alternative reference rates. The Company is evaluating existing platforms and systems and preparing to offer new rates. The new guidance did not materially impact the Company’s Consolidated Financial Statements or disclosures. ​ New accounting standards that have not yet been adopted: The following provides a brief description of accounting standards that have been issued but are not yet adopted that could have a material effect on the Company’s financial statements: ​ ​ ASU 2016-13, Financial Instruments – Credit Losses (Topic 326) Description In June 2016, FASB issued guidance to replace the incurred loss model with an expected loss model, which is referred to as the current expected credit loss (CECL) model. The CECL model is applicable to the measurement of credit losses on financial assets measured at amortized cost, including loan receivables and held to maturity debt securities. It also applies to off-balance sheet credit exposures not accounted for as insurance (i.e. loan commitments, standby letters of credit, financial guarantees and other similar instruments). Date of Adoption For PBEs that are non-SEC filers and for SEC filers that are considered small reporting companies, it is effective for January 1, 2023. Early adoption is still permitted. Effect on the Consolidated Financial Statements The Company's management is in the process of evaluating credit loss estimation models. Updates to business processes and the documentation of accounting policy decisions are ongoing. The company may recognize an increase in the allowance for credit losses upon adoption, recorded as a one-time cumulative adjustment to retained earnings. However, the magnitude of the impact on the Company's consolidated financial statements has not yet been determined. The Company will adopt this accounting standard effective January 1, 2023.

EARNINGS PER SHARE (Tables)

EARNINGS PER SHARE (Tables)	6 Months Ended
	Jun. 30, 2021
EARNINGS PER SHARE
Schedule of Basic and Diluted Earnings per share	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three Months Ended June 30, ​ Six Months Ended June 30, ​ 2021 2020 ​ 2021 2020 Basic earnings per share: ​ ​ ​ ​ ​ Net income ​ $ 6,331 ​ $ 3,131 ​ $ 11,116 ​ $ 1,814 Total weighted average common stock outstanding ​ 13,397,747 ​ 13,415,525 ​ 13,419,929 ​ 11,516,756 Net income per share ​ $ 0.47 ​ $ 0.23 ​ $ 0.83 ​ $ 0.16 Diluted earnings per share: ​ ​ ​ ​ ​ ​ ​ ​ Net income ​ $ 6,331 ​ $ 3,131 ​ $ 11,116 ​ $ 1,814 Total weighted average common stock outstanding ​ 13,397,747 ​ 13,415,525 ​ 13,419,929 ​ 11,516,756 Add: Dilutive effect of employee stock options ​ ​ 564,822 ​ ​ 518,435 ​ ​ 521,900 ​ ​ 526,503 Total weighted average diluted stock outstanding ​ ​ 13,962,569 ​ ​ 13,933,960 ​ ​ 13,941,829 ​ ​ 12,043,259 Net income per share ​ $ 0.45 ​ $ 0.22 ​ $ 0.80 ​ $ 0.15

SECURITIES (Tables)

SECURITIES (Tables)	6 Months Ended
	Jun. 30, 2021
SECURITIES
Schedule of amortized cost and fair value of securities available-for-sale and securities held-to-maturity	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Gross Gross ​ ​ ​ ​ Amortized ​ Unrealized ​ Unrealized ​ ​ ​ June 30, 2021 ​ Cost ​ Gains ​ Losses ​ Fair Value Available-for-sale - taxable ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Small Business Administration loan pools ​ $ 43,091 ​ $ 78 ​ $ (573) ​ $ 42,596 Mortgage-backed securities ​ 54,517 ​ 205 ​ (182) ​ 54,540 United States agency obligations ​ ​ 2,001 ​ ​ 88 ​ ​ - ​ ​ 2,089 Corporate bonds ​ 1,500 ​ 10 ​ - ​ 1,510 Total available-for-sale - taxable ​ $ 101,109 ​ $ 381 ​ $ (755) ​ $ 100,735 Available-for-sale - tax exempt ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Community Development District bonds ​ $ 17,954 ​ $ 704 ​ $ - ​ $ 18,658 Municipals ​ ​ 1,057 ​ ​ 46 ​ ​ - ​ ​ 1,103 Total available-for-sale - tax exempt ​ $ 19,011 ​ $ 750 ​ $ - ​ $ 19,761 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Gross Gross ​ ​ ​ Amortized ​ Unrecognized ​ Unrecognized ​ ​ ​ ​ ​ Cost ​ Gains ​ Losses ​ Fair Value Held-to-Maturity ​ ​ ​ ​ Mortgage-backed securities ​ $ 285 ​ $ 11 ​ $ — ​ $ 296 Foreign Bonds ​ ​ 1,000 ​ ​ — ​ ​ — ​ ​ 1,000 Total Held-to-Maturity ​ $ 1,285 ​ $ 11 ​ $ — ​ $ 1,296 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Gross Gross ​ ​ ​ ​ Amortized ​ Unrealized ​ Unrealized ​ Fair December 31, 2020 ​ Cost ​ Gains ​ Losses ​ Value Available-for-sale - taxable ​ ​ ​ ​ Small Business Administration loan pools ​ $ 30,678 ​ $ 77 ​ $ (199) ​ $ 30,556 Mortgage-backed securities ​ 28,514 ​ 438 ​ (30) ​ 28,922 United States agency obligations ​ ​ 3,000 ​ ​ 122 ​ ​ - ​ ​ 3,122 Corporate bonds ​ 2,501 ​ 9 ​ - ​ 2,510 Total available-for-sale - taxable ​ $ 64,693 ​ $ 646 ​ $ (229) ​ $ 65,110 Available-for-sale - tax exempt ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Community Development District bonds ​ $ 20,582 ​ $ 717 ​ $ - ​ $ 21,299 Municipals ​ ​ 1,064 ​ ​ 35 ​ ​ - ​ ​ 1,099 Total available-for-sale - tax exempt ​ $ 21,646 ​ $ 752 ​ $ - ​ $ 22,398 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Gross Gross ​ ​ ​ ​ ​ Amortized ​ Unrecognized ​ Unrecognized ​ Fair ​ ​ Cost ​ Gains ​ Losses Value Held-to-Maturity ​ ​ ​ ​ Mortgage-backed securities ​ $ 345 ​ $ 14 ​ $ — ​ $ 359 United States Treasury ​ ​ 202 ​ ​ — ​ ​ — ​ ​ 202 Foreign Bonds ​ ​ 1,000 ​ ​ — ​ ​ — ​ ​ 1,000 Total Held-to-Maturity ​ $ 1,547 ​ $ 14 ​ $ — ​ $ 1,561
Scheduled maturities of securities	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ June 30, 2021 ​ Amortized Fair ​ ​ Cost ​ Value Available-for-sale ​ ​ ​ ​ ​ ​ Due in one year or less ​ $ 1,038 ​ $ 1,056 Due after one year through five years ​ 21,159 ​ 21,975 Due after five years through ten years ​ ​ 315 ​ ​ 329 Due after ten years ​ ​ — ​ ​ — Subtotal ​ $ 22,512 ​ $ 23,360 ​ ​ ​ ​ ​ ​ ​ Small Business Administration loan pools ​ $ 43,091 ​ $ 42,596 Mortgage-backed securities ​ ​ 54,517 ​ ​ 54,540 Total available-for-sale ​ $ 120,120 ​ $ 120,496 ​ ​ ​ ​ ​ ​ ​ Held-to-maturity ​ ​ ​ ​ ​ ​ Due in one year or less ​ $ 1,000 ​ $ 1,000 Due after one year through five years ​ ​ — ​ ​ — Subtotal ​ $ 1,000 ​ $ 1,000 ​ ​ ​ ​ ​ ​ ​ Mortgage-backed securities ​ $ 285 ​ $ 296 Total held-to-maturity ​ $ 1,285 ​ $ 1,296
Summary of securities with unrealized losses by major security type and length of time in a continuous unrealized loss position	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Less Than 12 Months ​ 12 Months or Longer ​ Total ​ Fair Unrealized Fair Unrealized Fair Unrealized ​ ​ Value ​ Losses ​ Value ​ Losses ​ Value ​ Losses June 30, 2021 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Available-for-sale - taxable ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Small Business Administration loan pools ​ $ 15,273 ​ $ (427) ​ $ 17,777 ​ $ (146) ​ $ 33,050 ​ $ (573) Mortgage-backed securities ​ 14,648 ​ (181) ​ 1,286 ​ (1) ​ 15,934 ​ (182) United States agency obligations ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — Corporate bonds ​ — ​ — ​ — ​ — ​ — ​ — Total available-for-sale - taxable ​ $ 29,921 ​ $ (608) ​ $ 19,063 ​ $ (147) ​ $ 48,984 ​ $ (755) Available-for-sale - tax exempt ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Community Development District bonds ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — Municipals ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — Total available-for-sale - tax exempt ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, 2020 ​ ​ ​ ​ ​ ​ Available-for-sale - taxable ​ ​ ​ ​ ​ ​ Small Business Administration loan pools ​ $ 18,849 ​ $ (133) ​ $ 8,945 ​ $ (66) ​ $ 27,794 ​ $ (199) Mortgage-backed securities ​ 5,839 ​ — ​ 2,510 ​ (30) ​ 8,349 ​ (30) United States agency obligations ​ ​ 227 ​ ​ — ​ ​ — ​ ​ — ​ ​ 227 ​ ​ — Corporate bonds ​ — ​ — ​ — ​ — ​ — ​ — Total available-for-sale - taxable ​ $ 24,915 ​ $ (133) ​ $ 11,455 ​ $ (96) ​ $ 36,370 ​ $ (229) Available-for-sale - tax exempt ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Community Development District bonds ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — Municipals ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — Total available-for-sale - tax exempt ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ —

LOANS (Tables)

LOANS (Tables)	6 Months Ended
	Jun. 30, 2021
LOANS
Summary of loans	Loans at June 30, 2021 and December 31, 2020, were as follows: ​ ​ ​ ​ ​ ​ ​ ​ June 30, 2021 December 31, 2020 Commercial real estate ​ $ 875,453 ​ $ 777,776 Residential real estate ​ 361,946 ​ 380,491 Commercial ​ 373,333 ​ 396,642 Construction and land development ​ 74,175 ​ 99,883 Consumer and other ​ 14,575 ​ 11,688 Total loans ​ 1,699,482 ​ 1,666,480 Unearned loan origination (fees) costs, net ​ (1,984) ​ (1,323) Unearned PPP loan origination (fees) costs, net ​ ​ (4,855) ​ ​ (4,255) Allowance for loan loss ​ (10,418) ​ (16,259) Loans held for sale ​ ​ (2,039) ​ ​ (1,270) Other ​ ​ (18) ​ ​ — Loans, net ​ $ 1,680,168 ​ $ 1,643,373
Schedule of aging of the recorded investment in past due loans	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 30 – 59 ​ 60 – 89 ​ Greater than ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Days ​ Days ​ 89 Days ​ ​ ​ ​ Total ​ Loans Not ​ ​ ​ ​ Past Due Past Due Past Due Nonaccrual Past Due Past Due Total June 30, 2021 ​ ​ ​ ​ ​ ​ ​ ​ ​ Commercial real estate ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ 875,453 ​ $ 875,453 Residential real estate ​ — ​ — ​ — ​ — ​ — ​ 361,946 ​ 361,946 Commercial ​ — ​ — ​ — ​ 1,468 ​ 1,468 ​ 371,865 ​ 373,333 Construction and land development ​ — ​ — ​ — ​ — ​ — ​ 74,175 ​ 74,175 Consumer and other ​ — ​ 94 ​ — ​ ​ 1,307 ​ ​ 1,401 ​ 13,174 ​ 14,575 Total ​ $ — ​ $ 94 ​ $ — ​ $ 2,775 ​ $ 2,869 ​ $ 1,696,613 ​ $ 1,699,482 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 30 – 59 ​ 60 – 89 ​ Greater than ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Days ​ Days ​ 89 Days ​ ​ ​ ​ Total ​ Loans Not ​ ​ ​ ​ Past Due Past Due Past Due Nonaccrual Past Due Past Due Total December 31, 2020 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Commercial real estate ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ 777,776 ​ $ 777,776 Residential real estate ​ 1,303 ​ — ​ — ​ — ​ 1,303 ​ 379,188 ​ 380,491 Commercial ​ 278 ​ — ​ — ​ 9,127 ​ 9,405 ​ 387,237 ​ 396,642 Construction and land development ​ — ​ — ​ — ​ — ​ — ​ 99,883 ​ 99,883 Consumer and other ​ — ​ — ​ — ​ ​ 1,307 ​ ​ 1,307 ​ 10,381 ​ 11,688 Total ​ $ 1,581 ​ $ — ​ $ — ​ $ 10,434 ​ $ 12,015 ​ $ 1,654,465 ​ $ 1,666,480
Summary of analysis performed, the risk category of loans by class of loans	Based on the most recent analysis performed, the risk category of loans by class of loans is as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Special ​ ​ ​ ​ ​ ​ ​ ​ ​ (Dollars in thousands) Pass Mention Substandard Doubtful Total June 30, 2021 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Commercial real estate ​ $ 873,127 ​ $ — ​ $ 2,326 ​ $ — ​ $ 875,453 Residential real estate ​ 361,946 — — — 361,946 Commercial ​ 371,400 465 1,468 — 373,333 Construction and land development ​ 74,175 — — — 74,175 Consumer ​ 13,174 94 1,307 — 14,575 Total ​ $ 1,693,822 $ 559 $ 5,101 $ — $ 1,699,482 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, 2020 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Commercial real estate ​ $ 775,420 ​ $ — ​ $ 2,356 ​ $ — ​ $ 777,776 Residential real estate ​ 380,062 429 — — 380,491 Commercial ​ 387,403 112 9,127 — 396,642 Construction and land development ​ 99,883 — — — 99,883 Consumer ​ 10,381 — 1,307 — 11,688 Total ​ $ 1,653,149 $ 541 $ 12,790 $ — $ 1,666,480
Schedule of Purchased Credit Impaired loans at carrying amount	​ ​ ​ ​ ​ ​ ​ (Dollars in thousands) ​ June 30, 2021 December 31, 2020 Commercial real estate (1) ​ $ 5,892 ​ $ — Residential real estate ​ ​ 452 ​ ​ 405 Commercial ​ 616 ​ 746 Construction and development (1) ​ — ​ 3,732 Carrying amount, net of total discounts ​ $ 6,960 ​ $ 4,883
Rollforward of Accretable yield, or income expected to be collected	Changes in the carrying amount of the accretable yield for all purchased credit impaired loans were as follows for the six months ended June 30, 2021: ​ ​ ​ ​ (Dollars in thousands) 2021 Balance at beginning of period ​ $ (630) Adjustment of income ​ — Accretion ​ 195 Reclassifications from nonaccretable difference ​ (136) Disposals ​ — Balance at end of period ​ $ (571)
Schedule of purchase credit impaired loans for which it was probable at acquisition that all contractually required payments would not be collected for which it was probable at acquisition that all contractually required payments would not be collected	​ ​ ​ ​ (Dollars in thousands) March 26, 2020 Contractually required principal and interest by loan type ​ ​ ​ Commercial real estate ​ $ 427 Residential real estate ​ 604 Commercial ​ 2,176 Construction and development ​ 5,614 Consumer and other loans ​ - Total ​ $ 8,821 Contractual cash flows not expected to be collected (nonaccretable discount) ​ ​ ​ Commercial real estate ​ $ 80 Residential real estate ​ 138 Commercial ​ 1,123 Construction and development ​ 2,297 Consumer and other loans ​ - Total ​ $ 3,638 ​ ​ ​ ​ Expected cash flows ​ $ 5,183 Interest component of expected cash flows (accretable discount) ​ ​ (545) Fair value of PCI loans accounted for under ASC 310-30 ​ $ 4,638

ALLOWANCE FOR LOAN LOSSES (Tabl

ALLOWANCE FOR LOAN LOSSES (Tables)	6 Months Ended
	Jun. 30, 2021
ALLOWANCE FOR LOAN LOSSES
Schedule of allowance for loan losses by portfolio segment	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Construction ​ ​ ​ ​ ​ ​ ​ Commercial ​ Residential ​ ​ ​ ​ and land ​ Consumer ​ ​ ​ ​ Real Estate Real Estate Commercial Development and Other Total June 30, 2021 ​ ​ ​ ​ ​ ​ Allowance for loan losses: ​ ​ ​ ​ ​ ​ Beginning balance ​ $ 3,159 ​ $ 2,177 ​ $ 10,462 ​ $ 388 ​ $ 73 ​ $ 16,259 Provision for loan losses ​ 1,126 ​ 92 ​ 602 ​ (27) ​ 7 ​ 1,800 Loans charged-off ​ - ​ - ​ (7,641) ​ - ​ - ​ (7,641) Recoveries ​ - ​ - ​ - ​ - ​ - ​ - Total ending allowance balance ​ $ 4,285 ​ $ 2,269 ​ $ 3,423 ​ $ 361 ​ $ 80 ​ $ 10,418 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Construction ​ ​ ​ ​ ​ ​ ​ ​ Commercial ​ Residential ​ ​ ​ ​ and land ​ Consumer ​ ​ ​ ​ Real Estate Real Estate Commercial Development and Other Total December 31, 2020 ​ ​ ​ ​ ​ ​ Allowance for loan losses: ​ ​ ​ ​ ​ ​ Beginning balance ​ $ 1,845 ​ $ 3,115 ​ $ 1,235 ​ $ 272 ​ $ 81 ​ $ 6,548 Provision for loan losses ​ 1,314 ​ (731) ​ 9,326 ​ 116 ​ (8) ​ 10,017 Loans charged-off ​ — ​ (207) ​ (99) ​ — ​ — ​ (306) Recoveries ​ — ​ — ​ — ​ — ​ — ​ — Total ending allowance balance ​ $ 3,159 ​ $ 2,177 ​ $ 10,462 ​ $ 388 ​ $ 73 ​ $ 16,259 ​ ​
Summary of loans by portfolio segment and impairment method	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Construction ​ ​ ​ ​ ​ ​ ​ Commercial ​ Residential ​ ​ ​ ​ and Land ​ Consumer ​ ​ ​ ​ Real Estate Real Estate Commercial Development and Other Total June 30, 2021 ​ ​ ​ ​ ​ ​ Allowance for loan losses: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Ending allowance balance attributable to loans ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Individually evaluated for impairment ​ $ — ​ $ — ​ $ 658 ​ $ — ​ $ — ​ $ 658 Purchased Credit Impaired (PCI) loans ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — Collectively evaluated for impairment ​ ​ 4,285 ​ ​ 2,269 ​ ​ 2,765 ​ ​ 361 ​ ​ 80 ​ ​ 9,760 Total ending allowance balance ​ $ 4,285 ​ $ 2,269 ​ $ 3,423 ​ $ 361 ​ $ 80 ​ $ 10,418 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Loans: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Loans individually evaluated for impairment ​ $ 2,326 ​ $ 252 ​ $ 1,468 ​ $ — ​ $ 1,307 ​ $ 5,353 Loans collectively evaluated for impairment ​ ​ 873,127 ​ ​ 361,694 ​ ​ 371,865 ​ ​ 74,175 ​ ​ 13,268 ​ ​ 1,694,129 Total ending loans balance ​ $ 875,453 ​ $ 361,946 ​ $ 373,333 ​ $ 74,175 ​ $ 14,575 ​ $ 1,699,482 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, 2020 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Allowance for loan losses: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Ending allowance balance attributable to loans ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Individually evaluated for impairment ​ $ — ​ $ — ​ $ 8,309 ​ $ — ​ $ — ​ $ 8,309 Purchased Credit Impaired (PCI) loans ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ ​ Collectively evaluated for impairment ​ ​ 3,159 ​ ​ 2,177 ​ ​ 2,153 ​ ​ 388 ​ ​ 73 ​ ​ 7,950 Total ending allowance balance ​ $ 3,159 ​ $ 2,177 ​ $ 10,462 ​ $ 388 ​ $ 73 ​ $ 16,259 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Loans: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Loans individually evaluated for impairment ​ $ 2,356 ​ $ 298 ​ $ 9,127 ​ $ — ​ $ 1,307 ​ $ 13,088 Loans collectively evaluated for impairment ​ ​ 775,420 ​ ​ 380,193 ​ ​ 387,515 ​ ​ 99,883 ​ ​ 10,381 ​ ​ 1,653,392 Total ending loans balance ​ $ 777,776 ​ $ 380,491 ​ $ 396,642 ​ $ 99,883 ​ $ 11,688 ​ $ 1,666,480

DEPOSITS (Tables)

DEPOSITS (Tables)	6 Months Ended
	Jun. 30, 2021
DEPOSITS.
Schedule of deposits	The Company’s total deposits are comprised of the following at the dates indicated: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ For the Six Months Ended ​ For the Year Ended ​ ​ ​ June 30, 2021 ​ December 31, 2020 ​ ​ ​ Ending ​ ​ ​ Ending ​ ​ ​ (Dollars in thousands) Balance % of Total Balance % of Total NOW accounts ​ $ 286,173 ​ 12.6 % $ 232,367 ​ 14.0 % Money market accounts ​ 810,913 35.6 % 679,761 41.0 % Brokered deposits ​ ​ 56,534 ​ 2.5 % ​ 30,137 ​ 1.8 % Savings accounts ​ 11,814 0.5 % 9,727 0.6 % Certificates of deposit ​ 257,056 11.3 % 231,953 14.0 % Total interest-bearing deposits ​ 1,422,490 62.5 % 1,183,945 71.3 % Noninterest-bearing deposits ​ 854,673 37.5 % 475,598 28.7 % Total deposits ​ $ 2,277,163 ​ 100.0 % $ 1,659,543 ​ 100.0 %
Schedule of maturities of our time deposits that meet or exceed the $250,000 FDIC insurance limit	The following table presents the maturities of our time deposits including time deposits that exceed the $250,000 FDIC insurance limit as of June 30, 2021 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Over Over Six ​ ​ ​ ​ ​ ​ Three ​ Three ​ Months ​ ​ ​ ​ ​ ​ ​ ​ Months or ​ Through ​ Through ​ Over ​ ​ ​ (Dollars in thousands) ​ Less ​ Six Months ​ 12 Months ​ 12 Months ​ Total Time deposits of $250,000 or less ​ $ 15,852 ​ $ 12,749 ​ $ 43,020 ​ $ 22,047 ​ $ 93,668 Time deposits of more than $250,000 ​ ​ 23,302 ​ ​ 24,537 ​ ​ 85,376 ​ ​ 34,797 ​ ​ 168,012 Total ​ $ 39,154 ​ $ 37,286 ​ $ 128,396 ​ $ 56,844 ​ $ 261,680 The following tables present the maturities of our time deposits including time deposits that exceed the $250,000 FDIC insurance limit as of December 31, 2020 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Over Over Six ​ ​ ​ ​ ​ ​ Three ​ Three ​ Months ​ ​ ​ ​ ​ ​ ​ ​ Months or ​ Through ​ Through ​ Over ​ ​ ​ (Dollars in thousands) ​ Less ​ Six Months ​ 12 Months ​ 12 Months ​ Total Time deposits of $250,000 or less ​ $ 20,767 ​ $ 13,258 ​ $ 24,805 ​ $ 19,240 ​ $ 78,070 Time deposits of more than $250,000 ​ ​ 40,189 ​ ​ 35,314 ​ ​ 42,844 ​ ​ 40,158 ​ ​ 158,505 Total ​ $ 60,956 ​ $ 48,572 ​ $ 67,649 ​ $ 59,398 ​ $ 236,575
Scheduled maturities of time deposits	​ For time deposits having a remaining term of more than one year, the aggregate amount of maturities for each of the five years at the dates indicated. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ June 30, 2021 ​ December 31, 2020 Less than 1 year ​ $ 204,836 ​ $ 177,178 Over 1 through 2 years ​ ​ 55,625 ​ ​ 57,034 Over 2 through 3 years ​ ​ 1,179 ​ ​ 1,658 Over 3 through 4 years ​ ​ 40 ​ ​ 705 Over 4 through 5 years ​ ​ - ​ ​ - Over 5 years ​ ​ - ​ ​ - Total ​ $ 261,680 ​ $ 236,575

BORROWINGS (Tables)

BORROWINGS (Tables)	6 Months Ended
	Jun. 30, 2021
BORROWINGS
Schedule of Advances from the Federal Home Loan Bank	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Six Months Ended ​ Year Ended ​ (Dollars in thousands) June 30, 2021 December 31, 2020 ​ Amount outstanding at period-end ​ $ 35,000 ​ $ 40,000 ​ Weighted average interest rate at period-end ​ 2.04 % 1.96 % Maximum month-end balance during period ​ $ 40,000 ​ $ 70,000 ​ Average balance outstanding during period ​ 38,867 ​ 58,210 ​ Weighted average interest rate during period ​ 1.98 % 1.63 %

FAIR VALUE (Tables)

FAIR VALUE (Tables)	6 Months Ended
	Jun. 30, 2021
FAIR VALUE.
Schedule of Assets and Liabilities Measured at Fair Value on a Recurring Basis	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Fair Value Measurements ​ ​ ​ ​ ​ at June 30, 2021 Using: ​ ​ ​ ​ ​ ​ ​ ​ Significant ​ ​ ​ ​ ​ ​ ​ ​ Quoted Prices in ​ Other ​ Significant ​ ​ ​ ​ ​ Active Markets for ​ Observable ​ Unobservable ​ ​ Fair ​ Identical Assets ​ Inputs ​ Inputs June 30, 2021 Value (Level 1) (Level 2) (Level 3) Available-for-sale - taxable ​ ​ ​ ​ Small Business Administration loan pools ​ $ 42,596 ​ $ — ​ $ 42,596 ​ $ — Mortgage-backed securities ​ 54,540 ​ — ​ 54,540 ​ — United States agency obligations ​ ​ 2,089 ​ ​ — ​ ​ 2,089 ​ ​ — Corporate bonds ​ 1,510 ​ — ​ 1,510 ​ — Total ​ $ 100,735 ​ $ — ​ $ 100,735 ​ $ — Available-for-sale - tax exempt ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Community Development District bonds ​ $ 18,658 ​ $ — ​ $ 18,658 ​ $ — Municipals ​ ​ 1,103 ​ ​ — ​ ​ 1,103 ​ ​ — Total ​ $ 19,761 ​ $ — ​ $ 19,761 ​ $ — Equity ​ ​ ​ ​ Mutual funds ​ $ 5,942 ​ $ 5,942 ​ $ — ​ $ — Total ​ $ 5,942 ​ $ 5,942 ​ $ — ​ $ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Fair Value Measurements ​ ​ ​ ​ ​ at December 31, 2020 Using: ​ ​ ​ ​ ​ ​ ​ ​ Significant ​ ​ ​ ​ ​ ​ ​ ​ Quoted Prices in ​ Other ​ Significant ​ ​ ​ ​ ​ Active Markets for ​ Observable ​ Unobservable ​ ​ Fair ​ Identical Assets ​ Inputs ​ Inputs December 31, 2020 Value (Level 1) (Level 2) (Level 3) Available-for-sale - taxable ​ ​ ​ ​ Small Business Administration loan pools ​ $ 30,556 ​ $ — ​ $ 30,556 ​ $ — Mortgage-backed securities ​ 28,922 ​ — ​ 28,922 ​ — United States agency obligations ​ 3,122 ​ — ​ 3,122 ​ — Corporate bonds ​ 2,510 ​ — ​ 2,510 ​ — Total ​ $ 65,110 ​ $ — ​ $ 65,110 ​ $ — Available-for-sale - tax exempt ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Community Development District bonds ​ $ 21,299 ​ $ — ​ $ 21,299 ​ $ — Municipals ​ ​ 1,099 ​ ​ — ​ ​ 1,099 ​ ​ — Total ​ $ 22,398 ​ $ — ​ $ 22,398 ​ $ — Equity ​ ​ ​ ​ Mutual funds ​ $ 6,005 ​ $ 6,005 ​ $ — ​ $ — Total ​ $ 6,005 ​ $ 6,005 ​ $ — ​ $ —
Schedule of Assets Measured at Fair Value on a Non-recurring Basis	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Fair Value Measurements ​ ​ ​ ​ ​ at June 30, 2021 Using: ​ ​ ​ ​ ​ ​ ​ ​ Significant ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Quoted Prices in ​ Other ​ Significant ​ ​ ​ ​ ​ Total at ​ Active Markets for ​ Observable ​ Unobservable ​ ​ ​ ​ ​ June 30, ​ Identical Assets ​ Inputs ​ Inputs ​ Total Gains (Dollars in thousands) 2021 (Level 1) (Level 2) (Level 3) (Losses) Impaired Loans: ​ ​ ​ ​ ​ ​ Commercial real estate ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — Residential real estate ​ — ​ — ​ — ​ — ​ — Commercial ​ ​ 810 ​ ​ — ​ ​ — ​ ​ 810 ​ ​ (658) Construction and land development ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — Consumer and other ​ — ​ — ​ — ​ — ​ — Total ​ $ 810 ​ $ — ​ $ — ​ $ 810 ​ $ (658) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Fair Value Measurements ​ ​ ​ ​ ​ at December 31, 2020 Using: ​ ​ ​ ​ ​ ​ ​ ​ Significant ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Quoted Prices in ​ Other ​ Significant ​ ​ ​ ​ ​ Total at ​ Active Markets for ​ Observable ​ Unobservable ​ ​ ​ ​ ​ December 31, ​ Identical Assets ​ Inputs ​ Inputs ​ Total Gains (Dollars in thousands) 2020 (Level 1) (Level 2) (Level 3) (Losses) Impaired Loans: ​ ​ ​ ​ ​ ​ Commercial real estate ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — Residential real estate ​ — ​ — ​ — ​ — ​ — Commercial ​ ​ 818 ​ ​ — ​ ​ — ​ ​ 818 ​ ​ (8,309) Construction and land development ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — Consumer and other ​ — ​ — ​ — ​ — ​ — Total ​ $ 818 ​ $ — ​ $ — ​ $ 818 ​ $ (8,309)
Schedule of carrying amount and estimated fair value of the Bank's financial instruments	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ June 30, 2021 ​ ​ Carrying ​ Fair ​ Fair Value ​ Amount Value Hierarchy Financial Assets: ​ ​ Cash & Due from Banks, including interest bearing deposits ​ $ 616,180 ​ $ 616,180 Level 1 Federal Funds Sold ​ 36,156 ​ 36,156 Level 1 Securities, Available for Sale - taxable ​ 101,109 ​ 100,735 Level 2 Securities, Available for Sale - tax exempt ​ ​ 19,011 ​ ​ 19,761 ​ Level 2 Securities, Held to Maturity ​ 1,285 ​ 1,296 Level 2 Securities, Equity ​ 5,942 ​ 5,942 Level 1 Loans, net ​ 1,680,168 ​ 1,702,726 Level 3 Loans Held For Sale ​ 2,039 ​ 2,039 Level 1 Bank Owned Life Insurance ​ ​ 37,923 ​ ​ 37,923 ​ Level 2 Accrued Interest Receivable ​ 5,449 ​ 5,449 Level 1, 2 & 3 Customer Derivatives - Interest Rate SWAPs ​ ​ 863 ​ ​ 863 ​ Level 2 ​ ​ ​ ​ ​ ​ ​ ​ ​ Financial Liabilities: ​ ​ Deposits ​ 2,277,163 ​ 2,246,864 Level 2 Federal Home Loan Bank Advances ​ 35,000 ​ 33,671 Level 2 Subordinated Debt ​ ​ 10,062 ​ ​ 10,062 ​ Level 2 PPPLF Advances ​ ​ — ​ ​ — ​ Level 2 Loan Participations ​ ​ — ​ ​ — ​ Level 2 Customer Derivatives - Interest Rate SWAPs ​ ​ 863 ​ ​ 863 ​ Level 2 Accrued Interest Payable ​ 267 ​ 267 Level 2 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, 2020 ​ ​ Carrying ​ Fair ​ Fair Value ​ Amount Value Hierarchy Financial Assets: ​ ​ Cash & Due from Banks, including interest bearing deposits ​ $ 191,597 ​ $ 191,597 Level 1 Federal Funds Sold ​ 25,375 ​ 25,375 Level 1 Securities, Available for Sale - taxable ​ 65,110 ​ 65,110 Level 2 Securities, Available for Sale - tax exempt ​ ​ 22,398 ​ ​ 22,398 ​ Level 2 Securities, Held to Maturity ​ 1,547 ​ 1,561 Level 2 Securities, Equity ​ 6,005 ​ 6,005 Level 1 Loans, net ​ 1,643,373 ​ 1,653,401 Level 3 Loans Held For Sale ​ ​ 1,270 ​ ​ 1,270 ​ Level 1 Bank Owned Life Insurance ​ 37,360 ​ 37,360 Level 2 Accrued Interest Receivable ​ 6,666 ​ 6,666 Level 1, 2 & 3 ​ ​ ​ ​ ​ ​ ​ ​ ​ Financial Liabilities: ​ ​ Deposits ​ 1,659,543 ​ 1,693,331 Level 2 Federal Home Loan Bank Advances ​ 40,000 ​ 37,927 Level 2 Subordinated Debt ​ ​ 10,153 ​ ​ 10,153 ​ Level 2 PPPLF Advances ​ ​ 101,358 ​ ​ 101,519 ​ Level 2 Loan Participations ​ ​ 13,215 ​ ​ 13,215 ​ Level 2 Accrued Interest Payable ​ 546 ​ 546 Level 2
Schedule of Customer Derivatives - Interest Rate SWAP	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ at June 30, 2021 Using: ​ ​ ​ ​ ​ ​ ​ ​ Significant ​ ​ ​ ​ ​ ​ ​ ​ Quoted Prices in ​ Other ​ Significant ​ ​ ​ ​ ​ Active Markets for ​ Observable ​ Unobservable ​ ​ Fair ​ Identical Assets ​ Inputs ​ Inputs June 30, 2021 Value (Level 1) (Level 2) (Level 3) Customer Derivatives: Interest Rate SWAPs ​ ​ ​ ​ Customer Derivatives - Interest Rate SWAPs Asset ​ $ 863 ​ $ — ​ $ 863 ​ $ — Customer Derivatives - Interest Rate SWAPs Liability ​ ​ (863) ​ ​ — ​ ​ (863) ​ ​ — Total ​ $ — ​ $ — ​ $ — ​ $ —

LOAN COMMITMENTS AND OTHER RE_2

LOAN COMMITMENTS AND OTHER RELATED ACTIVITIES (Tables)	6 Months Ended
	Jun. 30, 2021
LOAN COMMITMENTS AND OTHER RELATED ACTIVITIES
Schedule of contractual amounts of financial instruments with off-balance-sheet risk	​ ​ ​ ​ ​ ​ ​ ​ (Dollars in thousands) June 30, 2021 December 31, 2020 Unfunded lines of credit ​ $ 366,015 ​ $ 356,955 Commitments to extend credit ​ 83,857 ​ 40,629 Letters of credit ​ 11,226 ​ 13,036 Total credit extension commitments ​ $ 461,098 ​ $ 410,620

REGULATORY CAPITAL MATTERS (Tab

REGULATORY CAPITAL MATTERS (Tables)	6 Months Ended
	Jun. 30, 2021
REGULATORY CAPITAL MATTERS
Schedule of compliance with regulatory capital requirements	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Minimum to be well ​ ​ ​ Actual ​ Minimum for capital adequacy ​ capitalized ​ (Dollars in thousands) Amount Ratio Amount Ratio Amount Ratio June 30, 2021 ​ ​ ​ ​ Total capital ratio ​ ​ ​ ​ ​ Bank ​ $ 198,836 12.8 % $ 124,003 8.0 % $ 155,004 10.0 % Company ​ 218,325 14.1 % 124,003 8.0 % N/A N/A ​ Tier 1 capital ratio ​ ​ ​ ​ ​ Bank ​ 187,416 12.1 % 93,002 6.0 % 124,003 8.0 % Company ​ 196,844 12.7 % 93,002 6.0 % N/A N/A ​ Tier1 leverage ratio ​ ​ ​ ​ ​ Bank ​ 187,416 7.4 % 101,368 4.0 % 126,710 5.0 % Company ​ 196,844 7.8 % 101,368 4.0 % N/A N/A ​ Common equity tier 1 capital ratio ​ ​ ​ ​ ​ ​ Bank ​ 187,416 12.1 % 69,752 4.5 % 100,753 6.5 % Company ​ 196,844 12.7 % 69,752 4.5 % N/A N/A ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Minimum to be well ​ ​ Actual ​ Minimum for capital adequacy ​ capitalized (Dollars in thousands) Amount Ratio Amount Ratio Amount Ratio December 31, 2020 ​ ​ ​ ​ Total capital ratio ​ ​ ​ ​ Bank ​ $ 176,633 12.0 % $ 117,298 8.0 % $ 146,623 10.0 % Company ​ 215,977 14.7 % 117,298 8.0 % N/A N/A ​ Tier 1 capital ratio ​ ​ ​ ​ ​ Bank ​ 159,448 10.9 % 87,974 6.0 % 117,298 8.0 % Company ​ 188,639 12.9 % 87,974 6.0 % N/A N/A ​ Tier1 leverage ratio ​ ​ ​ ​ ​ Bank ​ 159,448 8.4 % 75,723 4.0 % 94,654 5.0 % Company ​ 188,639 10.0 % 75,723 4.0 % N/A N/A ​ Common equity tier 1 capital ratio ​ ​ ​ ​ ​ ​ Bank ​ 159,448 10.9 % 65,980 4.5 % 95,305 6.5 % Company ​ 188,639 12.9 % 65,980 4.5 % N/A N/A ​

LEASES (Tables)

LEASES (Tables)	6 Months Ended
	Jun. 30, 2021
LEASES
Schedule of lease cost	The majority of the Company’s lessee leases are operating leases and consist of leased real estate for branches and operations centers. The Company elected the short term lease recognition exemption for all leases that qualify, meaning those with terms under twelve months. The ROU assets represent the Company’s right to use the underlying assets during the lease term and operating liabilities represent the obligation to make lease payments arising from the lease. ROU assets and operating lease liabilities are recognized at lease commencement. Options to extend and renew leases are generally exercised under normal circumstances. Advance notification is required prior to termination, and any noticing period is often limited to the months prior to renewal. Variable payments generally consist of common area maintenance and taxes. Rent escalations are generally specified by a payment schedule or are subject to a defined formula. The Company also does not separate lease and non-lease components for all leases, the majority of which consist of real estate common area maintenance expenses. Generally, leases do not include guaranteed residual values, but instead typically specify that the leased premises are to be returned in satisfactory condition with the Company liable for damages. Lease cost for the three and six months ended June 30, 2021 and 2020 consists of: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three Months Ended ​ Three Months Ended ​ Six Months Ended ​ Six Months Ended ​ June 30, 2021 ​ June 30, 2020 ​ June 30, 2021 June 30, 2020 Operating Lease and Interest Cost ​ $ 326 ​ $ 445 ​ $ 794 ​ $ 756 Variable Lease Cost ​ 82 ​ 142 ​ 199 ​ 249 Total Lease Cost ​ $ 408 ​ $ 587 ​ $ 993 ​ $ 1,005
Schedule of supplemental information related to leases	The following table provides supplemental information related to leases for the three and six months ended June 30, 2021 and 2020: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three Months Ended ​ Three Months Ended ​ Six Months Ended ​ Six Months Ended ​ ​ June 30, 2021 ​ June 30, 2020 ​ June 30, 2021 June 30, 2020 ​ Operating Lease - Operating Cash Flows (Fixed Payments) ​ $ 326 ​ $ 445 ​ $ 793 ​ $ 756 ​ Operating Lease - Operating Cash Flows (Liability Reduction) ​ $ 296 ​ $ 416 ​ $ 921 ​ $ 669 ​ New ROU Assets - Operating Leases ​ $ — ​ $ — ​ $ — ​ $ 1,620 ​ Weighted Average Lease Term (Years) - Operating Leases ​ ​ ​ ​ ​ ​ ​ ​ 5.25 ​ ​ 6.02 ​ Weighted Average Discount Rate - Operating Leases ​ ​ ​ % ​ ​ % ​ 3.13 % ​ 3.02 %
Schedule of maturity analysis of operating lease liabilities	​ ​ ​ ​ ​ ​ June 30, 2021 Operating lease payments due: ​ Within one year ​ $ 1,400 After one but within two years ​ 1,421 After two but within three years ​ ​ 1,296 After three but within four years ​ ​ 1,093 After four years but within five years ​ ​ 955 After five years ​ ​ 706 Total undiscounted cash flows ​ ​ 6,871 Discount on cash flows ​ ​ (1,291) Total operating lease liabilities ​ $ 5,580

EARNINGS PER SHARE (Details)

EARNINGS PER SHARE (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
Basic earnings per share:
Net Income (loss)	$ 6,331	$ 3,131	$ 11,116	$ 1,814
Total weighted average common stock outstanding	13,397,747	13,415,525	13,419,929	11,516,756
Net income (loss) per share	$ 0.47	$ 0.23	$ 0.83	$ 0.16
Diluted earnings per share:
Net Income (loss)	$ 6,331	$ 3,131	$ 11,116	$ 1,814
Total weighted average common stock outstanding	13,397,747	13,415,525	13,419,929	11,516,756
Add: Dilutive effect of employee stock options	564,822	518,435	521,900	526,503
Total weighted average diluted stock outstanding	13,962,569	13,933,960	13,941,829	12,043,259
Net income (loss) per share	$ 0.45	$ 0.22	$ 0.80	$ 0.15
Stock options
Diluted earnings per share:
Anti-dilutive Stock Options	270,850,000	29,350,000	270,850,000	29,350,000

SECURITIES - Unrealized Gains A

SECURITIES - Unrealized Gains And Losses - AOCI (Details) - USD ($) $ in Thousands	3 Months Ended	6 Months Ended		12 Months Ended
	Jun. 30, 2021	Jun. 30, 2021	Jun. 30, 2020	Dec. 31, 2020
Available-for-sale
Gross Unrealized Losses, AFS	$ (700)	$ (700)
Held-to-Maturity
Amortized Cost, HTM	1,285	1,285		$ 1,547
Gross Unrealized Gains, HTM	11	11		14
Fair Value, HTM	1,296	1,296		1,561
Increase (decrease) in available for sale securities		32,600
Increase (decrease) in net investment portfolio		50,900
Decrease from pay downs, maturities and calls		17,400
Proceeds from sales of securities			$ 1,739	1,700
Proceeds from calls of securities available for sale		4,648	$ 4,835
Gross realized gains				4
Securities pledged	13,300	13,300		12,500
securities pledged for public funds	1,100	1,100
Proceeds from the sales and redemption of held-to-maturity securities	3,200	4,700		9,100
Gross realized gains on held-to-maturity securities	21	22		33
Small Business Administration loan pools
Available-for-sale
Amortized Cost, AFS, Total	43,091	43,091		30,678
Gross Unrealized Gains, AFS	78	78		77
Gross Unrealized Losses, AFS	(573)	(573)		(199)
Fair Value, AFS	42,596	42,596		30,556
Mortgage backed securities
Available-for-sale
Amortized Cost, AFS, Total	54,517	54,517		28,514
Gross Unrealized Gains, AFS	205	205		438
Gross Unrealized Losses, AFS	(182)	(182)		(30)
Fair Value, AFS	54,540	54,540		28,922
Held-to-Maturity
Amortized Cost, HTM	285	285		345
Gross Unrealized Gains, HTM	11	11		14
Fair Value, HTM	296	296		359
U.S. agency obligations
Available-for-sale
Amortized Cost, AFS, Total	2,001	2,001		3,000
Gross Unrealized Gains, AFS	88	88		122
Fair Value, AFS	2,089	2,089		3,122
Community Development District bonds
Available-for-sale
Amortized Cost, AFS, Total	17,954	17,954		20,582
Gross Unrealized Gains, AFS	704	704		717
Fair Value, AFS	18,658	18,658		21,299
Municipals
Available-for-sale
Amortized Cost, AFS, Total	1,057	1,057		1,064
Gross Unrealized Gains, AFS	46	46		35
Fair Value, AFS	1,103	1,103		1,099
US Treasury
Held-to-Maturity
Amortized Cost, HTM				202
Fair Value, HTM				202
Foreign Bonds
Held-to-Maturity
Amortized Cost, HTM	1,000	1,000		1,000
Fair Value, HTM	1,000	1,000		1,000
Corporate bonds
Available-for-sale
Amortized Cost, AFS, Total	1,500	1,500		2,501
Gross Unrealized Gains, AFS	10	10		9
Fair Value, AFS	1,510	1,510		2,510
Available-for-sale - taxable
Available-for-sale
Amortized Cost, AFS, Total	101,109	101,109		64,693
Gross Unrealized Gains, AFS	381	381		646
Gross Unrealized Losses, AFS	(755)	(755)		(229)
Fair Value, AFS	100,735	100,735		65,110
Available-for-sale - tax exempt
Available-for-sale
Amortized Cost, AFS, Total	19,011	19,011		21,646
Gross Unrealized Gains, AFS	750	750		752
Fair Value, AFS	$ 19,761	$ 19,761		$ 22,398

SECURITIES - Maturities Of Secu

SECURITIES - Maturities Of Securities (Details) $ in Thousands	Jun. 30, 2021USD ($)loanitem	Dec. 31, 2020itemloan
Available for sale, Amortized cost
Due in one year or less	$ 1,038
Due after one year through five years	21,159
Due after five years through ten years	315
Amortized Cost, AFS	22,512
Amortized Cost, AFS, One to Five Year Maturity	120,120
Available for sale, Fair value
Due in one year or less	1,056
Due after one year through five years	21,975
Due after five years through ten years	329
Fair Value, AFS	23,360
Fair Value, AFS, One to Five Year Maturity	120,496
Held to maturity, Amortized cost
Due in one year or less	1,000
Amortized Cost, HTM	1,000
Held to maturity, Fair value
Due in one year or less	1,000
Fair Value, HTM	1,000
Amortized Cost, HTM, without single maturity date	1,285
Fair Value, HTM, without single maturity date	$ 1,296
Percentage of holding of securities of shareholder's equity	10.00%	10.00%
Number of holdings of securities of any one issuer | item	0	0
Number of investment positions that are in an unrealized loss position | loan	48	36
Small Business Administration loan pools
Available for sale, Amortized cost
Amortized Cost, AFS, One to Five Year Maturity	$ 43,091
Available for sale, Fair value
Fair Value, AFS, One to Five Year Maturity	42,596
Mortgage backed securities
Available for sale, Amortized cost
Amortized Cost, AFS, One to Five Year Maturity	54,517
Available for sale, Fair value
Fair Value, AFS, One to Five Year Maturity	54,540
Held to maturity, Fair value
Amortized Cost, HTM, without single maturity date	285
Fair Value, HTM, without single maturity date	$ 296

SECURITIES - Unrealized Losses

SECURITIES - Unrealized Losses By Security Type And Time (Details) - USD ($) $ in Thousands	Jun. 30, 2021	Dec. 31, 2020
Marketable Securities [Line Items]
Credit losses recognized	$ 0	$ 0
Small Business Administration loan pools
Marketable Securities [Line Items]
Less Than 12 Months, Fair Value	15,273	18,849
12 Months or Longer, Fair Value	17,777	8,945
Total Fair Value	33,050	27,794
Unrealized Losses
Less Than 12 Months, Unrealized Losses	(427)	(133)
12 Months or Longer, Unrealized Losses	(146)	(66)
Total Unrealized Losses	(573)	(199)
Mortgage backed securities
Marketable Securities [Line Items]
Less Than 12 Months, Fair Value	14,648	5,839
12 Months or Longer, Fair Value	1,286	2,510
Total Fair Value	15,934	8,349
Unrealized Losses
Less Than 12 Months, Unrealized Losses	(181)
12 Months or Longer, Unrealized Losses	(1)	(30)
Total Unrealized Losses	(182)	(30)
U.S. agency obligations
Marketable Securities [Line Items]
Less Than 12 Months, Fair Value		227
Total Fair Value		227
Available-for-sale - taxable
Marketable Securities [Line Items]
Less Than 12 Months, Fair Value	29,921	24,915
12 Months or Longer, Fair Value	19,063	11,455
Total Fair Value	48,984	36,370
Unrealized Losses
Less Than 12 Months, Unrealized Losses	(608)	(133)
12 Months or Longer, Unrealized Losses	(147)	(96)
Total Unrealized Losses	$ (755)	$ (229)

LOANS - Major Classifications o

LOANS - Major Classifications of Loans (Details) - USD ($) $ in Thousands	Jun. 30, 2021	Dec. 31, 2020	Dec. 31, 2019
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total	$ 1,699,482	$ 1,666,480
Unearned loan origination (fees) costs, net	(1,984)	(1,323)
Unearned PPP loan origination (fees) costs, net	(4,855)	(4,255)
Allowance for loan losses	(10,418)	(16,259)	$ (6,548)
Loans held for sale	2,039	1,270
Other	(18)
Loans, net	1,680,168	1,643,373
Construction and land development
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total	74,175	99,883
Allowance for loan losses	(361)	(388)	(272)
Consumer Portfolio Segment | Residential real estate
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total	361,946	380,491
Allowance for loan losses	(2,269)	(2,177)	(3,115)
Consumer Portfolio Segment | Consumer and Other
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total	14,575	11,688
Allowance for loan losses	(80)	(73)	(81)
Commercial Portfolio Segment | Commercial real estate
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total	875,453	777,776
Allowance for loan losses	(4,285)	(3,159)	(1,845)
Commercial Portfolio Segment | Commercial
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total	373,333	396,642
Allowance for loan losses	$ (3,423)	$ (10,462)	$ (1,235)

LOANS - Past Due Loans (Details

LOANS - Past Due Loans (Details) - USD ($) $ in Thousands	Jun. 30, 2021	Dec. 31, 2020
Financing Receivable, Past Due [Line Items]
Non accrual	$ 2,775	$ 10,434
Total Past Due	2,869	12,015
Loans Not Past Due	1,696,613	1,654,465
Total	1,699,482	1,666,480
30 - 59 Days
Financing Receivable, Past Due [Line Items]
Total Past Due		1,581
60 - 89 Days
Financing Receivable, Past Due [Line Items]
Total Past Due	94
Construction and land development
Financing Receivable, Past Due [Line Items]
Loans Not Past Due	74,175	99,883
Total	74,175	99,883
Consumer Portfolio Segment | Residential real estate
Financing Receivable, Past Due [Line Items]
Total Past Due		1,303
Loans Not Past Due	361,946	379,188
Total	361,946	380,491
Consumer Portfolio Segment | Residential real estate | 30 - 59 Days
Financing Receivable, Past Due [Line Items]
Total Past Due		1,303
Consumer Portfolio Segment | Consumer and Other
Financing Receivable, Past Due [Line Items]
Non accrual	1,307	1,307
Total Past Due	1,401	1,307
Loans Not Past Due	13,174	10,381
Total	14,575	11,688
Consumer Portfolio Segment | Consumer and Other | 60 - 89 Days
Financing Receivable, Past Due [Line Items]
Total Past Due	94
Commercial Portfolio Segment | Commercial real estate
Financing Receivable, Past Due [Line Items]
Loans Not Past Due	875,453	777,776
Total	875,453	777,776
Commercial Portfolio Segment | Commercial
Financing Receivable, Past Due [Line Items]
Non accrual	1,468	9,127
Total Past Due	1,468	9,405
Loans Not Past Due	371,865	387,237
Total	$ 373,333	396,642
Commercial Portfolio Segment | Commercial | 30 - 59 Days
Financing Receivable, Past Due [Line Items]
Total Past Due		$ 278

LOANS - Risk Category (Details)

LOANS - Risk Category (Details) - USD ($) $ in Thousands	Jun. 30, 2021	Dec. 31, 2020
Financing Receivable, Credit Quality Indicator [Line Items]
Total	$ 1,699,482	$ 1,666,480
Pass
Financing Receivable, Credit Quality Indicator [Line Items]
Total	1,693,822	1,653,149
Special Mention
Financing Receivable, Credit Quality Indicator [Line Items]
Total	559	541
Substandard
Financing Receivable, Credit Quality Indicator [Line Items]
Total	5,101	12,790
Construction and land development
Financing Receivable, Credit Quality Indicator [Line Items]
Total	74,175	99,883
Construction and land development | Pass
Financing Receivable, Credit Quality Indicator [Line Items]
Total	74,175	99,883
Consumer Portfolio Segment | Residential real estate
Financing Receivable, Credit Quality Indicator [Line Items]
Total	361,946	380,491
Consumer Portfolio Segment | Residential real estate | Pass
Financing Receivable, Credit Quality Indicator [Line Items]
Total	361,946	380,062
Consumer Portfolio Segment | Residential real estate | Special Mention
Financing Receivable, Credit Quality Indicator [Line Items]
Total		429
Consumer Portfolio Segment | Consumer and Other
Financing Receivable, Credit Quality Indicator [Line Items]
Total	14,575	11,688
Consumer Portfolio Segment | Consumer and Other | Pass
Financing Receivable, Credit Quality Indicator [Line Items]
Total	13,174	10,381
Consumer Portfolio Segment | Consumer and Other | Special Mention
Financing Receivable, Credit Quality Indicator [Line Items]
Total	94
Consumer Portfolio Segment | Consumer and Other | Substandard
Financing Receivable, Credit Quality Indicator [Line Items]
Total	1,307	1,307
Commercial Portfolio Segment | Commercial real estate
Financing Receivable, Credit Quality Indicator [Line Items]
Total	875,453	777,776
Commercial Portfolio Segment | Commercial real estate | Pass
Financing Receivable, Credit Quality Indicator [Line Items]
Total	873,127	775,420
Commercial Portfolio Segment | Commercial real estate | Substandard
Financing Receivable, Credit Quality Indicator [Line Items]
Total	2,326	2,356
Commercial Portfolio Segment | Commercial
Financing Receivable, Credit Quality Indicator [Line Items]
Total	373,333	396,642
Commercial Portfolio Segment | Commercial | Pass
Financing Receivable, Credit Quality Indicator [Line Items]
Total	371,400	387,403
Commercial Portfolio Segment | Commercial | Special Mention
Financing Receivable, Credit Quality Indicator [Line Items]
Total	465	112
Commercial Portfolio Segment | Commercial | Substandard
Financing Receivable, Credit Quality Indicator [Line Items]
Total	$ 1,468	$ 9,127

LOANS - Narratives (Details)

LOANS - Narratives (Details)	3 Months Ended		6 Months Ended		12 Months Ended
	Jun. 30, 2021USD ($)loan	Jun. 30, 2020USD ($)	Jun. 30, 2021USD ($)loan	Jun. 30, 2020USD ($)	Dec. 31, 2020USD ($)loan	Mar. 31, 2021USD ($)	Dec. 31, 2019USD ($)
Financing Receivable, Impaired [Line Items]
Total loans pledged to the Federal Home Loan Bank	$ 209,900,000		$ 209,900,000		$ 227,800,000
Loan premiums on BAC purchased loans	500,000		$ 500,000		$ 600,000
Number of loans individually evaluated for impairment with an allowance recorded | loan			6		6
Non accrual	$ 2,775,000		$ 2,775,000		$ 10,434,000
Number of loans past due over 90 days | loan			0		0
Number of impaired loans | loan	3		3		3
Recorded investment with no allowance	$ 5,400,000		$ 5,400,000		$ 13,100,000
Recorded investment with allowance	2,800,000		2,800,000		10,400,000
Allowance	700,000		700,000		8,300,000
Average net investment	900,000				2,200,000
Interest income recognized	2,400	$ 5,000	2,400	$ 5,000	12,700
Loans that met the criteria for consideration as a troubled debt restructuring			252,000		298,000
Specific reserve	0		0		0
Threshold credit value for annual review	1,000,000		1,000,000
Proceeds from financial institutions				$ 218,080,000
Total loans	1,680,168,000		1,680,168,000		1,643,373,000
Loans allowances	10,418,000		$ 10,418,000		16,259,000		$ 6,548,000
Number of loans processed | loan			2,287
Loans funded	$ 340,500,000		$ 340,500,000
Repayments of PPPLF advances			$ 101,358,000
Number of loans funded | loan	172		172
Number of loans forgiven | loan			1,362
Amount of loans funded	$ 17,600,000
Amount of loans forgiven			$ 196,900,000
Remaining outstanding	0		0
Loans and Leases Receivable, Gross	1,699,482,000		1,699,482,000		1,666,480,000
Amount of loans been paid off			0
Non-Performing Assets
Financing Receivable, Impaired [Line Items]
Total loans	$ 2,800,000		$ 2,800,000		$ 10,400,000
Percentage of non-performing assets to total assets	0.11%		0.11%		0.51%
Substandard
Financing Receivable, Impaired [Line Items]
Number of impaired loans | loan	1		1		1
Recorded investment with no allowance	$ 2,300,000		$ 2,300,000		$ 2,400,000
Loans and Leases Receivable, Gross	5,101,000		5,101,000		$ 12,790,000
Coex Coffee International Inc.
Financing Receivable, Impaired [Line Items]
Aggregate outstanding balance collateral	$ 600,000		$ 600,000
Loans and Leases Receivable, Gross						$ 7,600,000

LOANS - Carrying Amount PCI Loa

LOANS - Carrying Amount PCI Loans and Accretable Yield (Details) - PCI loans - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2021	Dec. 31, 2020
Financing Receivable, Credit Quality Indicator [Line Items]
Carrying amount	$ 6,960	$ 4,883
Allowance for loan losses reversed	0
Accretable yield or income expected to be collected
Balance at beginning of period	(630)
Accretion of income	195
Reclassifications from nonaccretable difference	(136)
Balance at end of period	(571)
Construction and land development
Financing Receivable, Credit Quality Indicator [Line Items]
Carrying amount		3,732
Consumer Portfolio Segment | Residential real estate
Financing Receivable, Credit Quality Indicator [Line Items]
Carrying amount	452	405
Commercial Portfolio Segment | Commercial real estate
Financing Receivable, Credit Quality Indicator [Line Items]
Carrying amount	5,892
Commercial Portfolio Segment | Commercial
Financing Receivable, Credit Quality Indicator [Line Items]
Carrying amount	$ 616	$ 746

LOANS - PCI Loans Deemed Uncoll

LOANS - PCI Loans Deemed Uncollectable (Details) - PCI loans - USD ($) $ in Thousands	Jun. 30, 2021	Dec. 31, 2020	Mar. 26, 2020
Financing Receivable, Credit Quality Indicator [Line Items]
Interest component of expected cash flows (accretable discount)	$ (571)	$ (630)
Marquis Bancorp, Inc
Financing Receivable, Credit Quality Indicator [Line Items]
Contractually required principal and interest by loan type			$ 8,821
Contractual cash flows not expected to be collected			(3,638)
Expected cash flows			5,183
Interest component of expected cash flows (accretable discount)			(545)
Fair value of PCI loans accounted for under ASC 310-30			4,638
Construction and land development | Marquis Bancorp, Inc
Financing Receivable, Credit Quality Indicator [Line Items]
Contractually required principal and interest by loan type			5,614
Contractual cash flows not expected to be collected			(2,297)
Consumer Portfolio Segment | Residential real estate | Marquis Bancorp, Inc
Financing Receivable, Credit Quality Indicator [Line Items]
Contractually required principal and interest by loan type			604
Contractual cash flows not expected to be collected			(138)
Commercial Portfolio Segment | Commercial real estate | Marquis Bancorp, Inc
Financing Receivable, Credit Quality Indicator [Line Items]
Contractually required principal and interest by loan type			427
Contractual cash flows not expected to be collected			(80)
Commercial Portfolio Segment | Commercial | Marquis Bancorp, Inc
Financing Receivable, Credit Quality Indicator [Line Items]
Contractually required principal and interest by loan type			2,176
Contractual cash flows not expected to be collected			$ (1,123)

ALLOWANCE FOR LOAN LOSSES - Bal

ALLOWANCE FOR LOAN LOSSES - Balances (Details) - USD ($) $ in Thousands	6 Months Ended	12 Months Ended
	Jun. 30, 2021	Dec. 31, 2020
Allowance for loan losses
Beginning balance	$ 16,259	$ 6,548
Provision for loan losses	1,800	10,017
Loans charged-off	(7,641)	(306)
Total ending allowance balance	10,418	16,259
Construction and land development
Allowance for loan losses
Beginning balance	388	272
Provision for loan losses	(27)	116
Total ending allowance balance	361	388
Consumer Portfolio Segment | Residential real estate
Allowance for loan losses
Beginning balance	2,177	3,115
Provision for loan losses	92	(731)
Loans charged-off		(207)
Total ending allowance balance	2,269	2,177
Consumer Portfolio Segment | Consumer and Other
Allowance for loan losses
Beginning balance	73	81
Provision for loan losses	7	(8)
Total ending allowance balance	80	73
Commercial Portfolio Segment | Commercial real estate
Allowance for loan losses
Beginning balance	3,159	1,845
Provision for loan losses	1,126	1,314
Total ending allowance balance	4,285	3,159
Commercial Portfolio Segment | Commercial
Allowance for loan losses
Beginning balance	10,462	1,235
Provision for loan losses	602	9,326
Loans charged-off	(7,641)	(99)
Total ending allowance balance	$ 3,423	$ 10,462

ALLOWANCE FOR LOAN LOSSES - All

ALLOWANCE FOR LOAN LOSSES - Allowance for Loans Losses and Loans (Details) - USD ($) $ in Thousands	Jun. 30, 2021	Dec. 31, 2020	Dec. 31, 2019
Allowance for loan losses
Ending balance - individually evaluated for impairment	$ 658	$ 8,309
Ending balance- collectively evaluated for impairment	9,760	7,950
Total ending allowance balance	10,418	16,259	$ 6,548
Loans individually evaluated for impairment	5,353	13,088
Loans collectively evaluated for impairment	1,694,129	1,653,392
Total	1,699,482	1,666,480
Construction and land development
Allowance for loan losses
Ending balance- collectively evaluated for impairment	361	388
Total ending allowance balance	361	388	272
Loans collectively evaluated for impairment	74,175	99,883
Total	74,175	99,883
Consumer Portfolio Segment | Residential real estate
Allowance for loan losses
Ending balance- collectively evaluated for impairment	2,269	2,177
Total ending allowance balance	2,269	2,177	3,115
Loans individually evaluated for impairment	252	298
Loans collectively evaluated for impairment	361,694	380,193
Total	361,946	380,491
Consumer Portfolio Segment | Consumer and Other
Allowance for loan losses
Ending balance- collectively evaluated for impairment	80	73
Total ending allowance balance	80	73	81
Loans individually evaluated for impairment	1,307	1,307
Loans collectively evaluated for impairment	13,268	10,381
Total	14,575	11,688
Commercial Portfolio Segment | Commercial real estate
Allowance for loan losses
Ending balance- collectively evaluated for impairment	4,285	3,159
Total ending allowance balance	4,285	3,159	1,845
Loans individually evaluated for impairment	2,326	2,356
Loans collectively evaluated for impairment	873,127	775,420
Total	875,453	777,776
Commercial Portfolio Segment | Commercial
Allowance for loan losses
Ending balance - individually evaluated for impairment	658	8,309
Ending balance- collectively evaluated for impairment	2,765	2,153
Total ending allowance balance	3,423	10,462	$ 1,235
Loans individually evaluated for impairment	1,468	9,127
Loans collectively evaluated for impairment	371,865	387,515
Total	$ 373,333	$ 396,642

DEPOSITS - Total deposits (Deta

DEPOSITS - Total deposits (Details) - USD ($) $ in Thousands	Jun. 30, 2021	Dec. 31, 2020
Ending Balance
NOW accounts	$ 286,173	$ 232,367
Money market accounts	810,913	679,761
Brokered deposits	56,534	30,137
Savings accounts	11,814	9,727
Certificates of deposit	257,056	231,953
Total interest-bearing deposits	1,422,490	1,183,945
Noninterest-bearing deposits	854,673	475,598
Total deposits	$ 2,277,163	$ 1,659,543
% of Total
NOW accounts	12.60%	14.00%
Money market accounts	35.60%	41.00%
Brokered deposits	2.50%	1.80%
Savings accounts	0.50%	0.60%
Certificates of deposit	11.30%	14.00%
Total interest-bearing deposits	62.50%	71.30%
Noninterest-bearing deposits	37.5	28.7
Deposits	100.00%	100.00%

DEPOSITS - Maturities of time d

DEPOSITS - Maturities of time deposits that meet or exceed the $250,000 FDIC insurance limit (Details) - USD ($) $ in Thousands	Jun. 30, 2021	Dec. 31, 2020
$250,000 or more
Three Months or Less	$ 23,302	$ 40,189
Over Three Through Six Months	24,537	35,314
Over Six Months Through Twelve Months	85,376	42,844
Over 12 Months	34,797	40,158
$250,000 or more	168,012	158,505
$250,000 or less
Three Months or Less	15,852
Over Three Through Six Months	12,749
Over Six Months Through Twelve Months	43,020
Over 12 Months	22,047
Total	93,668
Total
Three Months or Less	39,154	60,956
Over Three Through Six Months	37,286	48,572
Over Six Months Through Twelve Months	128,396	67,649
Over 12 Months	56,844	59,398
Total	$ 261,680	236,575
Less than $250,000
Three Months or Less		20,767
Over Three Through Six Months		13,258
Over Six Months Through Twelve Months		24,805
Over 12 Months		19,240
Less than $250,000		$ 78,070

DEPOSITS - Narrative (Details)

DEPOSITS - Narrative (Details) - USD ($) $ in Thousands	Jun. 30, 2021	Dec. 31, 2020
DEPOSITS.
Deposits that meet or exceed the $250,000 FDIC insurance limit	$ 168,012	$ 158,505
Financial instruments pledged as collateral for certain deposits	52,400	54,700
Deposits that have been re-classified as loan balances	300	100
Deposits from principal officers, directors and their affiliates	17,900	12,100
Qualified Public Deposits ("QPD") that require collateral pledged	$ 93,600	$ 98,200

DEPOSITS - Maturities of Time_2

DEPOSITS - Maturities of Time Deposits (Details) - USD ($) $ in Thousands	Jun. 30, 2021	Dec. 31, 2020
Maturities of time deposits
Less than 1 year	$ 204,836	$ 177,178
Over 1 through 2 years	55,625	57,034
Over 2 through 3 years	1,179	1,658
Over 3 through 4 years	40	705
Total	$ 261,680	$ 236,575

DEBT (Details)

DEBT (Details)	Mar. 26, 2020USD ($)	Jun. 30, 2021USD ($)loan	Jan. 07, 2021USD ($)	Dec. 19, 2019USD ($)
Line of Credit Facility [Line Items]
Number of loans processed | loan		2,287
Loans funded		$ 340,500,000
Paycheck Protection Program Liquidity Facility Advances, Outstanding		$ 0
Valley National Bank, N. A.
Line of Credit Facility [Line Items]
Line of credit				$ 10,000,000
Principal amount			$ 0
Subordinated Debt. | Marquis Bancorp, Inc
Line of Credit Facility [Line Items]
Notes payable at fair value	$ 10,300,000
Principal amount	$ 10,000,000
Fixed rate	7.00%
Subordinated debt fair value	$ 300,000
Subordinated Debt. | Marquis Bancorp, Inc | London Interbank Offered Rate (LIBOR)
Line of Credit Facility [Line Items]
Variable rate	5.76%

BORROWINGS (Details)

BORROWINGS (Details) - USD ($)	6 Months Ended	12 Months Ended
	Jun. 30, 2021	Dec. 31, 2020
BORROWINGS
Amount outstanding at period-end	$ 0
Amount outstanding at period-end	$ 35,000,000	$ 40,000,000
Weighted average interest rate at period-end	2.04%	1.96%
Maximum month-end balance during period	$ 40,000,000	$ 70,000,000
Average balance outstanding during period	$ 38,867,000	$ 58,210,000
Weighted average interest rate during period	1.98%	1.63%

BORROWINGS - Additional Informa

BORROWINGS - Additional Information (Details) - USD ($)	6 Months Ended
	Jun. 30, 2021	Dec. 31, 2020
BORROWINGS
Maximum percentage of assets allowed to borrow	25.00%
Collateral amount	$ 209,900,000
Amount outstanding at period-end	35,000,000	$ 40,000,000
Outstanding advances	0
Additional available borrowing capacity	134,700,000
Repayments of PPPLF advances	101,358,000
Remaining outstanding	$ 0

COMMON STOCK AND PREFERRED ST_2

COMMON STOCK AND PREFERRED STOCK (Details) - $ / shares	6 Months Ended
	Jun. 30, 2021	Dec. 31, 2020
Class of Stock [Line Items]
Undesignated and unissued preferred stock	10,000,000
Class A Voting Common Stock
Class of Stock [Line Items]
Common Stock, Par value	$ 0.01	$ 0.01
Common Stock Authorized	50,000,000	50,000,000
Common Stock, outstanding (in shares)	13,475,781	13,534,829
Common stock issued	193,764
Number of shares repurchased	247,768
Restricted stock grants	127,499
Number of options exercised	64,414
Restricted stock, shares issued net of shares for tax withholdings	3,210
Restricted stock cancellations	1,834
Class A Voting Common Stock | Employee Stock
Class of Stock [Line Items]
Shares issued	1,851
Class B Non-Voting Common stock
Class of Stock [Line Items]
Common Stock, Par value	$ 0.01	$ 0.01
Common Stock Authorized	10,000,000	10,000,000
Common Stock, outstanding (in shares)	0	0

FAIR VALUE - Assets and Liabili

FAIR VALUE - Assets and Liabilities Measured at Fair Value on a Recurring Basis (Details) - USD ($) $ in Thousands	6 Months Ended	12 Months Ended
	Jun. 30, 2021	Dec. 31, 2020
Fair Value
Securities reclassified into or out of Level 3	$ 0	$ 0
Fair Value, Recurring | Available-for-sale - taxable
Fair Value
Fair Value	100,735	65,110
Fair Value, Recurring | Available-for-sale - tax exempt
Fair Value
Fair Value	19,761	22,398
Fair Value, Recurring | Small Business Administration loan pools
Fair Value
Fair Value	42,596	30,556
Fair Value, Recurring | Mortgage backed securities
Fair Value
Fair Value	54,540	28,922
Fair Value, Recurring | U.S. agency obligations
Fair Value
Fair Value	2,089	3,122
Fair Value, Recurring | Community Development District bonds
Fair Value
Fair Value	18,658	21,299
Fair Value, Recurring | Municipals
Fair Value
Fair Value	1,103	1,099
Fair Value, Recurring | Corporate bonds
Fair Value
Fair Value	1,510	2,510
Fair Value, Recurring | Equity securities
Fair Value
Fair Value	5,942	6,005
Fair Value, Recurring | Mutual funds
Fair Value
Fair Value	5,942	6,005
Fair Value, Recurring | Level 1 | Equity securities
Fair Value
Fair Value	5,942	6,005
Fair Value, Recurring | Level 1 | Mutual funds
Fair Value
Fair Value	5,942	6,005
Fair Value, Recurring | Level 2 | Available-for-sale - taxable
Fair Value
Fair Value	100,735	65,110
Fair Value, Recurring | Level 2 | Available-for-sale - tax exempt
Fair Value
Fair Value	19,761	22,398
Fair Value, Recurring | Level 2 | Small Business Administration loan pools
Fair Value
Fair Value	42,596	30,556
Fair Value, Recurring | Level 2 | Mortgage backed securities
Fair Value
Fair Value	54,540	28,922
Fair Value, Recurring | Level 2 | U.S. agency obligations
Fair Value
Fair Value	2,089	3,122
Fair Value, Recurring | Level 2 | Community Development District bonds
Fair Value
Fair Value	18,658	21,299
Fair Value, Recurring | Level 2 | Municipals
Fair Value
Fair Value	1,103	1,099
Fair Value, Recurring | Level 2 | Corporate bonds
Fair Value
Fair Value	$ 1,510	$ 2,510

FAIR VALUE - Assets Measured at

FAIR VALUE - Assets Measured at Fair Value on a Non-recurring Basis (Details) - USD ($) $ in Thousands	6 Months Ended	12 Months Ended
	Jun. 30, 2021	Dec. 31, 2020
Fair Value
Total Gains (Losses)	$ 600
Net fair value of collateral	600
Amount of specific reserve within the ALLL associated with the Coex Coffee International loan	$ 0
Percentage of specific reserve amount	0.00%
Fair Value, Nonrecurring
Fair Value
Fair Value	$ 810	$ 818
Total Gains (Losses)	(658)	(8,309)
Fair Value, Nonrecurring | Commercial
Fair Value
Fair Value	810	818
Total Gains (Losses)	(658)	(8,309)
Fair Value, Nonrecurring | Level 3
Fair Value
Fair Value	810	818
Fair Value, Nonrecurring | Level 3 | Commercial
Fair Value
Fair Value	$ 810	$ 818

FAIR VALUE - Customer Derivativ

FAIR VALUE - Customer Derivatives (Details) $ in Thousands	Jun. 30, 2021USD ($)
Fair Value
Customer Derivatives - Interest Rate SWAPs	$ 863
Customer Derivatives - Interest Rate SWAPs Liability	(863)
Level 2
Fair Value
Customer Derivatives - Interest Rate SWAPs	863
Customer Derivatives - Interest Rate SWAPs Liability	$ (863)

FAIR VALUE - Carrying amount an

FAIR VALUE - Carrying amount and estimated fair value (Details) - USD ($) $ in Thousands	Jun. 30, 2021	Dec. 31, 2020
Financial Assets:
Securities, Available for Sale - taxable	$ 100,735	$ 65,110
Securities, Available for Sale - tax exempt	19,761	22,398
Securities, Held to Maturity	1,296	1,561
Securities, Equity	5,942	6,005
Customer Derivatives - Interest Rate SWAPs	863
Financial Liabilities:
Subordinated Debt	10,062	10,153
Derivative SWAP	863
Level 1, 2 & 3 | Carrying Amount
Financial Assets:
Accrued Interest Receivable	5,449	6,666
Level 1, 2 & 3 | Fair Value
Financial Assets:
Accrued Interest Receivable	5,449	6,666
Level 1 | Carrying Amount
Financial Assets:
Cash & Due from Banks, including interest bearing deposits	616,180	191,597
Federal Funds Sold	36,156	25,375
Securities, Equity	5,942	6,005
Loans held for sale	2,039	1,270
Level 1 | Fair Value
Financial Assets:
Cash & Due from Banks, including interest bearing deposits	616,180	191,597
Federal Funds Sold	36,156	25,375
Securities, Equity	5,942	6,005
Loans held for sale	2,039	1,270
Level 2
Financial Assets:
Customer Derivatives - Interest Rate SWAPs	863
Financial Liabilities:
Derivative SWAP	863
Level 2 | Carrying Amount
Financial Assets:
Securities, Available for Sale - taxable	101,109	65,110
Securities, Available for Sale - tax exempt	19,011	22,398
Securities, Held to Maturity	1,285	1,547
Bank Owned Life Insurance	37,923	37,360
Customer Derivatives - Interest Rate SWAPs	863
Financial Liabilities:
Deposits	2,277,163	1,659,543
Federal Home Loan Bank Advances	35,000	40,000
Subordinated Debt	10,062	10,153
PPPLF Advances		101,358
Loan Participations		13,215
Derivative SWAP	863
Accrued Interest Payable	267	546
Level 2 | Fair Value
Financial Assets:
Securities, Available for Sale - taxable	100,735	65,110
Securities, Available for Sale - tax exempt	19,761	22,398
Securities, Held to Maturity	1,296	1,561
Bank Owned Life Insurance	37,923	37,360
Customer Derivatives - Interest Rate SWAPs	863
Financial Liabilities:
Deposits	2,246,864	1,693,331
Federal Home Loan Bank Advances	33,671	37,927
Subordinated Debt	10,062	10,153
PPPLF Advances		101,519
Loan Participations		13,215
Derivative SWAP	863
Accrued Interest Payable	267	546
Level 3 | Carrying Amount
Financial Assets:
Loans, net	1,680,168	1,643,373
Level 3 | Fair Value
Financial Assets:
Loans, net	$ 1,702,726	$ 1,653,401

DERIVATIVE INSTRUMENTS (Details

DERIVATIVE INSTRUMENTS (Details) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2021USD ($)item	Jun. 30, 2020USD ($)	Jun. 30, 2021USD ($)item	Jun. 30, 2020USD ($)
Derivative [Line Items]
Derivative notional amount	$ 22,300		$ 22,300
Swap transaction	863		863
Derivative Liability	863		863
Swap fees	$ 364	$ 210	$ 573	$ 473
Swap
Derivative [Line Items]
Number of instruments held | item	5		5
Derivative notional amount	$ 22,300		$ 22,300
Swap transaction	(900)		(900)
Derivative Asset	900		900
Derivative Liability	$ (900)		(900)
Swap fees			$ 500

LOAN COMMITMENTS AND OTHER RE_3

LOAN COMMITMENTS AND OTHER RELATED ACTIVITIES (Details) - USD ($) $ in Thousands	Jun. 30, 2021	Dec. 31, 2020
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Contractual amounts of financial instruments with off-balance-sheet risk	$ 461,098	$ 410,620
Unfunded Lines Of Credit
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Contractual amounts of financial instruments with off-balance-sheet risk	366,015	356,955
Commitments to Extend Credit
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Contractual amounts of financial instruments with off-balance-sheet risk	83,857	40,629
Letters Of Credit
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Contractual amounts of financial instruments with off-balance-sheet risk	$ 11,226	$ 13,036

REGULATORY CAPITAL MATTERS (Det

REGULATORY CAPITAL MATTERS (Details) $ in Thousands	Jun. 30, 2021USD ($)item	Dec. 31, 2020USD ($)
Compliance with Regulatory Capital Requirements under Banking Regulations [Line Items]
Capital Conversion Buffer - 2015	0.00%
Capital Conversion Buffer - 2019	2.50%
Capital Conversion Buffer - 2020	2.50%
Capital Conversion Buffer - 2021	2.50%
Number of classifications | item	5
Bank
Total capital Amount
Total capital	$ 198,836	$ 176,633
Total capital Required for Capital Adequacy	124,003	117,298
Total capital Well Capitalized Prompt Corrective Action Regulations	$ 155,004	$ 146,623
Total Capital ratio
Total capital ratio (as percentage)	12.8	12
Total capital Required for Capital Adequacy ratio (as percentage)	8	8
Total capital Well Capitalized Prompt Corrective Action Regulations ratio (as percentage)	10	10
Tier 1 Capital Amount
Tier 1 Capital	$ 187,416	$ 159,448
Tier 1 capital Required for Capital Adequacy	93,002	87,974
Tier 1 capital Well Capitalized Prompt Corrective Action Regulations	$ 124,003	$ 117,298
Tier 1 Capital ratio (as percentage)	12.1	10.9
Tier 1 capital ratio Required for Capital Adequacy ratio (as percentage)	6	6
Tier 1 capital Well Capitalized Prompt Corrective Action Regulations (as percentage)	8	8
Tier 1 Leverage capital Amount
Tier 1 Leverage capital	$ 187,416	$ 159,448
Tier 1 Leverage capital Required for Capital Adequacy	101,368	75,723
Tier 1 Leverage capital Well Capitalized Prompt Corrective Action Regulations	$ 126,710	$ 94,654
Tier 1 Leverage ratio
Tier 1 Leverage ratio (as percentage)	7.4	8.4
Tier 1 Leverage ratio Required for Capital Adequacy (as percentage)	4	4
Tier 1 Leverage ratio Well Capitalized Prompt corrective Action Regulations (as percentage)	5	5
Common Equity Tier 1 Capital Amount
Common Equity Tier 1 Capital	$ 187,416	$ 159,448
Common Equity Tier 1 capital Required for Capital Adequacy	69,752	65,980
Common Equity Tier 1 capital Well Capitalized Prompt Corrective Action Regulations	$ 100,753	$ 95,305
Common Equity Tier 1 Ratio (as percentage)	12.1	10.9
Common Equity Tier 1 Ratio Required for Capital Adequacy ratio (as percentage)	4.50%	4.50%
Common Equity Tier 1 Ratio Well Capitalized Prompt corrective Action Regulations ratio (as percentage)	6.50%	6.50%
Corporation
Total capital Amount
Total capital	$ 218,325	$ 215,977
Total capital Required for Capital Adequacy	$ 124,003	$ 117,298
Total Capital ratio
Total capital ratio (as percentage)	14.1	14.7
Total capital Required for Capital Adequacy ratio (as percentage)	8	8
Tier 1 Capital Amount
Tier 1 Capital	$ 196,844	$ 188,639
Tier 1 capital Required for Capital Adequacy	$ 93,002	$ 87,974
Tier 1 Capital ratio (as percentage)	12.7	12.9
Tier 1 capital ratio Required for Capital Adequacy ratio (as percentage)	6	6
Tier 1 Leverage capital Amount
Tier 1 Leverage capital	$ 196,844	$ 188,639
Tier 1 Leverage capital Required for Capital Adequacy	$ 101,368	$ 75,723
Tier 1 Leverage ratio
Tier 1 Leverage ratio (as percentage)	7.8	10
Tier 1 Leverage ratio Required for Capital Adequacy (as percentage)	4	4
Common Equity Tier 1 Capital Amount
Common Equity Tier 1 Capital	$ 196,844	$ 188,639
Common Equity Tier 1 capital Required for Capital Adequacy	$ 69,752	$ 65,980
Common Equity Tier 1 Ratio (as percentage)	12.7	12.9
Common Equity Tier 1 Ratio Required for Capital Adequacy ratio (as percentage)	4.50%	4.50%

STOCK BASED COMPENSATION - Rest

STOCK BASED COMPENSATION - Restricted Stock (Details) - Restricted Stock $ / shares in Units, $ in Millions	6 Months Ended
	Jun. 30, 2021USD ($)$ / sharesshares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Weighted average exercise price | $ / shares	$ 16.82
Unrecognized compensation expense | $	$ 2.9
Weighted-average period in which cost is expected to be recognized	3 years
2019 Equity Incentive Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of shares authorized	300,000
Number of shares granted	222,009
Available for grant	77,991

LEASES (Narrative) (Details)

LEASES (Narrative) (Details) - USD ($) $ in Thousands	6 Months Ended	12 Months Ended
	Jun. 30, 2021	Dec. 31, 2020	Jan. 01, 2019
LEASES
Right-of-use assets, Financial position	Premises and equipment, net	Premises and equipment, net	Premises and equipment, net
Lease liabilities arising from obtaining right of use assets	$ 0	$ 2,000
Lease liabilities	$ 5,580	$ 6,500
Lease liability, Financial position	Accrued interest and other liabilities	Accrued interest and other liabilities	Accrued interest and other liabilities

LEASES - Lease Cost (Details)

LEASES - Lease Cost (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
Lease cost
Operating Lease and Interest Cost	$ 326	$ 445	$ 794	$ 756
Variable Lease Cost	82	142	199	249
Total Lease Cost	$ 408	$ 587	$ 993	$ 1,005

LEASES - Supplemental cash flow

LEASES - Supplemental cash flow (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
LEASES
Operating Lease - Operating Cash Flows (Fixed Payments)	$ 326	$ 445	$ 793	$ 756
Operating Lease - Operating Cash Flows (Liability Reduction)	$ 296	$ 416	$ 921	669
New ROU Assets - Operating Leases				$ 1,620
Weighted Average Lease Term (Years) - Operating Leases	5 years 3 months	6 years 7 days	5 years 3 months	6 years 7 days
Weighted Average Discount Rate - Operating Leases	3.13%	3.02%	3.13%	3.02%

LEASES - Maturity of lease liab

LEASES - Maturity of lease liabilities (Details) - USD ($) $ in Thousands	Jun. 30, 2021	Dec. 31, 2020
Operating lease payments due:
Within one year	$ 1,400
After one but within two years	1,421
After two but within three years	1,296
After three but within four years	1,093
After four years but within five years	955
After five years	706
Total undiscounted cash flows	6,871
Discount on cash flows	(1,291)
Total operating lease liabilities	$ 5,580	$ 6,500

SUBSEQUENT EVENTS (Details)

SUBSEQUENT EVENTS (Details)	Jul. 12, 2021item
Subsequent Events
Subsequent Events
Number Of Loan Production Office	2