Professional Holding (PFHD) 10-Q 12 Nov 21 2021 Q3 Quarterly report Financial data

Cover

Cover - shares	9 Months Ended
	Sep. 30, 2021	Nov. 09, 2021
Cover [Abstract]
Document Type	10-Q
Document Quarterly Report	true
Document Transition Report	false
Document Period End Date	Sep. 30, 2021
Entity File Number	001-39215
Entity Registrant Name	Professional Holding Corp.
Entity Incorporation, State or Country Code	FL
Entity Tax Identification Number	46-5144312
Entity Address, Address Line One	396 Alhambra Circle
Entity Address, Address Line Two	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
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 Small Business	true
Entity Emerging Growth Company	true
Entity Ex Transition Period	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		13,426,141
Amendment Flag	false
Entity Central Index Key	0001630856
Current Fiscal Year End Date	--12-31
Document Fiscal Year Focus	2021
Document Fiscal Period Focus	Q3

CONSOLIDATED BALANCE SHEETS (Un

CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($) $ in Thousands	Sep. 30, 2021	Dec. 31, 2020
ASSETS
Cash and due from banks	$ 40,074	$ 62,305
Interest-bearing deposits	680,333	129,291
Federal funds sold	23,736	25,376
Cash and cash equivalents	744,143	216,972
Securities available for sale, at fair value - taxable	94,218	65,110
Securities available for sale, at fair value - tax exempt	19,462	22,398
Securities held to maturity (fair value September 30, 2021 – $269, December 31, 2020 – $1,561)	259	1,547
Equity securities	6,703	6,005
Loans, net of allowance of $11,478 and $16,259 as of September 30, 2021, and December 31, 2020, respectively	1,675,773	1,641,422
Loans held for sale	284	1,270
Federal Home Loan Bank stock, at cost	2,341	3,229
Federal Reserve Bank stock, at cost	5,416	4,762
Accrued interest receivable	5,336	6,666
Premises and equipment, net	3,807	4,370
Bank owned life insurance	38,204	37,360
Deferred tax asset	9,283	10,525
Goodwill	24,621	24,621
Core deposit intangibles	1,212	1,422
Other assets	15,174	9,591
Total assets	2,646,236	2,057,270
Deposits
Demand – noninterest bearing	799,389	475,598
Demand – interest bearing	328,667	232,367
Money market and savings	959,066	715,003
Time deposits	267,624	236,575
Total deposits	2,354,746	1,659,543
Official checks	4,194	4,447
Federal Home Loan Bank advances	35,000	40,000
Other borrowings	0	114,573
Subordinated debt	10,016	10,153
Accrued interest and other liabilities	14,259	12,989
Total liabilities	2,418,215	1,841,705
Stockholders’ equity
Preferred stock, 10,000,000 shares authorized, none issued	0	0
Treasury stock, at cost	(15,246)	(9,209)
Additional paid-in capital	210,898	208,995
Retained earnings	32,160	14,756
Accumulated other comprehensive income	66	882
Total stockholders’ equity	228,021	215,565
Total liabilities and stockholders' equity	2,646,236	2,057,270
Class A Voting Common Stock
Stockholders’ equity
Common stock	143	141
Class B Non-Voting Common stock
Stockholders’ equity
Common stock	$ 0	$ 0

CONSOLIDATED BALANCE SHEETS (_2

CONSOLIDATED BALANCE SHEETS (Unaudited) (Parenthetical) - USD ($) $ in Thousands	Sep. 30, 2021	Dec. 31, 2020
Securities held to maturity, fair value	$ 269	$ 1,561
Loan allowance	$ 11,478	$ 16,259
Preferred stock, authorized (in shares)	10,000,000	10,000,000
Preferred stock, 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 (in shares)	50,000,000	50,000,000
Common Stock, issued (in shares)	14,323,965	14,100,760
Common stock, outstanding (in shares)	13,416,667	13,534,829
Class B Non-Voting Common stock
Common stock, par value (in dollars per share)	$ 0.01	$ 0.01
Common stock, authorized (in shares)	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 (Unaudited) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2021	Sep. 30, 2020	Sep. 30, 2021	Sep. 30, 2020
Interest income
Loans, including fees	$ 20,209	$ 18,488	$ 57,753	$ 46,400
Investment securities - taxable	186	209	526	663
Investment securities - tax exempt	177	224	569	430
Dividend income on restricted stock	96	103	290	313
Other	222	77	486	837
Total interest income	20,890	19,101	59,624	48,643
Interest expense
Deposits	1,476	1,165	4,223	5,408
Federal Home Loan Bank advances	182	197	568	762
Subordinated debt	128	79	335	324
Other borrowings	0	200	313	337
Total interest expense	1,786	1,641	5,439	6,831
Net interest income	19,104	17,460	54,185	41,812
Provision for loan losses	1,060	5,957	2,860	8,552
Net interest income after provision for loan losses	18,044	11,503	51,325	33,260
Non-interest income
Service charges on deposit accounts	643	319	2,237	848
Income from Bank owned life insurance	281	123	844	378
SBA origination fees	21	0	166	114
SWAP fee income	208	149	781	622
Third party loan sales	161	252	462	519
Gain on sale and call of securities	1	1	23	16
Other	161	119	384	290
Total non-interest income	1,476	963	4,897	2,787
Non-interest expense
Salaries and employee benefits	7,350	6,433	21,233	18,608
Occupancy and equipment	935	1,196	2,942	3,051
Data processing	303	374	869	971
Marketing	420	435	738	723
Professional fees	689	562	2,087	1,723
Acquisition expenses	0	1,078	684	3,301
Regulatory assessments	481	250	1,248	764
Other	1,446	1,385	4,565	3,606
Total non-interest expense	11,624	11,713	34,366	32,747
Income before income taxes	7,896	753	21,856	3,300
Income tax provision (benefit)	1,608	(197)	4,452	536
Net income	$ 6,288	$ 950	$ 17,404	$ 2,764
Earnings per share:
Basic (in dollars per share)	$ 0.48	$ 0.07	$ 1.30	$ 0.24
Diluted (in dollars per share)	$ 0.45	$ 0.07	$ 1.25	$ 0.21
Other comprehensive income:
Unrealized holding gain (loss) on securities available for sale	$ (288)	$ 171	$ (1,081)	$ 1,240
Tax effect	71	(43)	265	(315)
Other comprehensive gain (loss), net of tax	(217)	128	(816)	925
Comprehensive income	$ 6,071	$ 1,078	$ 16,588	$ 3,689

CONSOLIDATED STATEMENTS OF STOC

CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY (Unaudited) - USD ($) $ in Thousands	Total	Common Stock	Treasury Stock	Additional Paid-in Capital	Retained Earnings	Accumulated Other Comprehensive Income (Loss)
Beginning balance (in shares) at Dec. 31, 2019		5,867,446
Beginning balance at Dec. 31, 2019	$ 79,302	$ 60	$ (4,155)	$ 77,019	$ 6,451	$ (73)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Issuance of common stock, net of Issuance cost (in shares)		3,702,558
Issuance of common stock, net of issuance cost	60,604	$ 37		60,567
Marquis Bancorp (MBI) acquisition (in shares)		4,227,816
Marquis Bancorp (MBI) acquisition	64,699	$ 42		64,657
Employee stock purchase plan	82			82
Stock based compensation	725			725
Treasury stock (in shares)		(315,294)
Treasury stock	(4,986)		(4,977)	(9)
Net income	2,764				2,764
Other comprehensive income	925					925
Ending balance (in shares) at Sep. 30, 2020		13,482,526
Ending balance at Sep. 30, 2020	204,115	$ 139	(9,132)	203,041	9,215	852
Beginning balance (in shares) at Jun. 30, 2020		13,444,635
Beginning balance at Jun. 30, 2020	202,434	$ 139	(9,132)	202,438	8,265	724
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Issuance of common stock, net of Issuance cost (in shares)		37,891
Issuance of common stock, net of issuance cost	346	$ 0		346
Employee stock purchase plan	24			24
Stock based compensation	233			233
Treasury stock (in shares)		0
Treasury stock	0		0	0
Net income	950				950
Other comprehensive income	128					128
Ending balance (in shares) at Sep. 30, 2020		13,482,526
Ending balance at Sep. 30, 2020	204,115	$ 139	(9,132)	203,041	9,215	852
Beginning balance (in shares) at Dec. 31, 2020		13,534,829
Beginning balance at Dec. 31, 2020	215,565	$ 141	(9,209)	208,995	14,756	882
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Issuance of common stock, net of Issuance cost (in shares)		89,500
Issuance of common stock, net of issuance cost	812	$ 1		811
Employee stock purchase plan (in Shares)		1,851
Employee stock purchase plan	34			34
Stock based compensation (in shares)		131,854
Stock based compensation	1,069	$ 1		1,068
Treasury stock (in shares)		(341,367)
Treasury stock	(6,047)		(6,037)	(10)
Net income	17,404				17,404
Other comprehensive income	(816)					(816)
Ending balance (in shares) at Sep. 30, 2021		13,416,667
Ending balance at Sep. 30, 2021	228,021	$ 143	(15,246)	210,898	32,160	66
Beginning balance (in shares) at Jun. 30, 2021		13,475,781
Beginning balance at Jun. 30, 2021	223,028	$ 143	(13,544)	210,274	25,872	283
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Issuance of common stock, net of Issuance cost (in shares)		28,296
Issuance of common stock, net of issuance cost	268			268
Employee stock purchase plan (in Shares)		0
Employee stock purchase plan	0			0
Stock based compensation (in shares)		6,189
Stock based compensation	359			359
Treasury stock (in shares)		(93,599)
Treasury stock	(1,705)		(1,702)	(3)
Net income	6,288				6,288
Other comprehensive income	(217)					(217)
Ending balance (in shares) at Sep. 30, 2021		13,416,667
Ending balance at Sep. 30, 2021	$ 228,021	$ 143	$ (15,246)	$ 210,898	$ 32,160	$ 66

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended		12 Months Ended
	Sep. 30, 2021	Sep. 30, 2020	Sep. 30, 2021	Sep. 30, 2020	Dec. 31, 2020
Cash flows from operating activities
Net income			$ 17,404	$ 2,764
Adjustments to reconcile net income to net cash from operating activities
Provision for loan losses			2,860	8,552	$ 10,017
Deferred income tax benefit (expense)			1,221	(2,981)
Depreciation and amortization			1,084	1,132
Gain on sale of securities			0	(4)
Gain on call of securities			(23)	(12)
Equity unrealized change in market value			102	(24)
Net amortization of securities			2,137	(287)
Net amortization of deferred loan fees			(6,589)	(2,371)
Loans held for sale			986	0
Income from bank owned life insurance	$ (281)	$ (123)	(844)	(378)
Loss on disposal of premises and equipment			140	0
Employee stock purchase plan			34	82
Stock compensation			1,069	725
Changes in operating assets and liabilities:
Accrued interest payable (receivable)			1,330	(2,524)
Other assets			(7,534)	3,110
Official checks, accrued interest, interest payable and other liabilities			1,303	(2,054)
Net cash provided by operating activities			14,680	5,730
Cash flows from investing activities
Proceeds from maturities and paydowns of securities available for sale			16,749	10,407
Proceeds from calls of securities available for sale			4,812	8,500
Proceeds from maturities and paydowns of securities held to maturity			1,282	84
Purchase of securities available for sale			(50,922)	(60,693)
Proceeds from sale of securities available for sale			0	1,739	1,700
Purchase of equity securities			(800)	0
Loans originations, net of principal repayments			(41,886)	(299,867)
Purchase (redemption) of Federal Reserve Bank stock			(654)	10,540
Proceeds from maturities of Federal Home Loan Bank Stock			888	(2,688)
Purchase of Federal Home Loan Bank Stock			0	(660)
Purchases of premises and equipment			(588)	(486)
Proceeds from acquisition			0	26,860
Net cash used in investing activities			(71,119)	(306,264)
Cash flows from financing activities
Net increase (decrease) in deposits			695,203	176,160
Proceeds from issuance of stock, net of issuance costs			812	60,604
Purchase of treasury stock			(6,047)	(4,986)
Proceeds from Federal Home Loan Bank advances			0	10,000
Repayments of Federal Home Loan advances			(5,000)	(40,000)
Repayment of line of credit			0	(9,999)
Proceeds from PPPLF advances			0	224,341
Repayments of PPPLF advances			(101,358)	0
Net cash provided by financing activities			583,610	416,120
Increase in cash and cash equivalents			527,171	115,586
Cash and cash equivalents at beginning of period			216,972	198,950	198,950
Cash and cash equivalents at end of period	$ 744,143	$ 314,536	744,143	314,536	$ 216,972
Supplemental cash flow information:
Cash paid during the period for interest			6,192	6,233
Cash paid during the period for taxes			4,200	2,186
Supplemental noncash disclosures:
Lease liabilities arising from obtaining right of use assets			0	1,680
Total assets acquired			0	589,760
Total liabilities assumed			$ 0	$ 540,712

SUMMARY OF SIGNIFICANT ACCOUNTI

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	9 Months Ended
	Sep. 30, 2021
Accounting Policies [Abstract]
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	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, 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 nine months ended September 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 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	9 Months Ended
	Sep. 30, 2021
Earnings Per Share [Abstract]
EARNINGS PER SHARE	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 September 30, Nine Months Ended September 30, 2021 2020 2021 2020 Basic earnings per share: Net income $ 6,288 $ 950 $ 17,404 $ 2,764 Total weighted average common stock outstanding 13,196,025 13,438,652 13,344,470 11,694,764 Net income per share $ 0.48 $ 0.07 $ 1.30 $ 0.24 Diluted earnings per share: Net income $ 6,288 $ 950 $ 17,404 $ 2,764 Total weighted average common stock outstanding 13,196,025 13,438,652 13,344,470 11,694,764 Add: Dilutive effect of employee stock options 659,402 1,117,563 568,613 1,290,819 Total weighted average diluted stock outstanding 13,855,427 14,556,215 13,913,083 12,985,583 Net income per share $ 0.45 $ 0.07 $ 1.25 $ 0.21 For the three months ended September 30, 2021, there were seven thousand stock options that were anti-dilutive and for the three months ended September 30, 2020, there were 326 thousand stock options that were anti-dilutive. For the nine months ended September 30, 2021, there were 278 thousand stock options that were anti-dilutive and for the nine months ended September 30, 2020, there were 133 thousand stock options that were anti-dilutive.

SECURITIES

SECURITIES	9 Months Ended
	Sep. 30, 2021
Investments, Debt and Equity Securities [Abstract]
SECURITIES	SECURITIES The following table summarizes the amortized cost and fair value of securities available-for-sale and securities held-to-maturity on September 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: September 30, 2021 Amortized Gross Gross Fair Value Available-for-sale - taxable Small Business Administration loan pools $ 40,131 $ 62 $ (490) $ 39,703 Mortgage-backed securities 51,105 162 (340) 50,927 United States agency obligations 2,002 77 — 2,079 Corporate bonds 1,500 9 — 1,509 Total available-for-sale - taxable $ 94,738 $ 310 $ (830) $ 94,218 Available-for-sale - tax exempt Community Development District bonds $ 17,800 $ 564 $ — $ 18,364 Municipals 1,054 44 — 1,098 Total available-for-sale - tax exempt $ 18,854 $ 608 $ — $ 19,462 Amortized Gross Gross Fair Value Held-to-Maturity Mortgage-backed securities $ 259 $ 10 $ — $ 269 Total Held-to-Maturity $ 259 $ 10 $ — $ 269 Amortized Gross Gross Fair Value Equity Mutual Funds $ 5,903 $ — $ — $ 5,903 Other equity securities 800 — — 800 Total Equity $ 6,703 $ — $ — $ 6,703 December 31, 2020 Amortized Gross Gross Fair 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 Amortized Gross Gross Fair 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 September 30, 2021, and December 31, 2020, Corporate bonds were comprised of investments in the financial services industry. During the nine months ended September 30, 2021, the net investment portfolio increased by $25.6 million as a result of increases from purchases of $50.9 million in SBA and MBS securities combined with decreases of $24.9 million from paydowns, maturities and calls, as well as the unrealized holding loss on securities available for sale of $1.2 million with a related tax effect of $0.1 million. Proceeds from the maturity and redemption of securities during the three and nine months ended September 30, 2021, were $1.2 million and $4.8 million, with gross realized gains of $0 and $23 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 September 30, 2021, and December 31, 2020, were $1.9 million and $12.5 million, respectively. Securities pledged for derivative SWAP transactions as of September 30, 2021, were $1.9 million which were included in the total securities pledged, such securities were generally pledged for public funds. There were no securities pledged for derivative SWAP transactions on 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 September 30, 2021, are as follows: September 30, 2021 Amortized Fair Available-for-sale Due in one year or less $ 1,188 $ 1,202 Due after one year through five years 20,853 21,523 Due after five years through ten years 315 325 Due after ten years — — Subtotal $ 22,356 $ 23,050 Small Business Administration loan pools $ 40,131 $ 39,703 Mortgage-backed securities 51,105 50,927 Total available-for-sale $ 113,592 $ 113,680 Mortgage-backed securities $ 259 $ 269 Total held-to-maturity $ 259 $ 269 On September 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. On September 30, 2021, and December 31, 2020, the number of investment positions that are in an unrealized loss position were 51 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 on September 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 September 30, 2021 Available-for-sale - taxable Small Business Administration loan pools $ 14,640 $ (359) $ 16,127 $ (131) $ 30,767 $ (490) Mortgage-backed securities 33,019 (340) — — 33,019 (340) Total available-for-sale - taxable $ 47,659 $ (699) $ 16,127 $ (131) $ 63,786 $ (830) 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 — Total available-for-sale - taxable $ 24,915 $ (133) $ 11,455 $ (96) $ 36,370 $ (229) 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. No credit losses were recognized in operations during the nine months ended September 30, 2021, or during the year ended December 31, 2020.

LOANS

LOANS	9 Months Ended
	Sep. 30, 2021
Receivables [Abstract]
LOANS	LOANS Loans on September 30, 2021, and December 31, 2020, were as follows: September 30, 2021 December 31, 2020 Loans held for investment: Commercial real estate $ 856,194 $ 777,025 Residential real estate 371,469 379,534 Commercial (Non-PPP) 288,177 206,095 Commercial (PPP) 85,133 185,748 Construction and land development 69,534 99,590 Consumer and other 16,744 9,689 Total loans held for investment, gross 1,687,251 1,657,681 Allowance for loan loss (11,478) (16,259) Loans held for investment, net $ 1,675,773 $ 1,641,422 Loans held for sale: Loans held for sale $ 284 $ 1,270 Total loans held for sale $ 284 $ 1,270 The recorded investment in loans excludes accrued interest receivable due to immateriality. On September 30, 2021, and December 31, 2020, there were $238.7 million and $264.2 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. On September 30, 2021, and December 31, 2020, loan premiums for purchased loans were $0.4 million and $0.6 million, respectively. There are no loans over 90 days past due and accruing as of September 30, 2021, or December 31, 2020. The following table presents the aging of the recorded investment in past due loans as of September 30, 2021, and December 31, 2020, by class of loans: 30 – 59 60 – 89 Greater than Nonaccrual Total Loans Not Total September 30, 2021 Commercial real estate $ — $ — $ — $ — $ — $ 856,194 $ 856,194 Residential real estate 22 — — — 22 371,447 371,469 Commercial (Non-PPP) 369 — — 1,468 1,837 286,340 288,177 Commercial (PPP) — — — — — 85,133 85,133 Construction and land development — — — — — 69,534 69,534 Consumer and other 88 — — 1,307 1,395 15,349 16,744 Total $ 479 $ — $ — $ 2,775 $ 3,254 $ 1,683,997 $ 1,687,251 30 – 59 60 – 89 Greater than Nonaccrual Total Loans Not Total December 31, 2020 Commercial real estate $ — $ — $ — $ — $ — $ 777,025 $ 777,025 Residential real estate 1,317 — — — 1,317 378,217 379,534 Commercial (Non-PPP) 278 — — 9,127 278 205,817 206,095 Commercial (PPP) — — — — — 185,748 185,748 Construction and land development — — — — — 99,590 99,590 Consumer and other — — — 1,307 — 9,689 9,689 Total $ 1,595 $ — $ — $ 10,434 $ 1,595 $ 1,656,086 $ 1,657,681 On September 30, 2021, there were five 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 $3.0 million. Three of these loans were impaired loans with a recorded investment of $2.8 million with an allowance of $1.3 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 September 30, 2021, were $0.9 million. Residential real estate loans had $2.2 million and $7 thousand interest income recognized for the three and nine months ended September 30, 2021, and 2020, respectively, which was equal to the cash basis interest income. On 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 $13 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 $227 thousand and $299 thousand as of September 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 September 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: A Pass loan’s primary source of loan repayment is satisfactory, with secondary sources very likely to be realized if necessary. The pass category includes the following: Riskless: Loans that are fully secured by liquid, properly margined collateral (listed stock, bonds, or other securities; savings accounts; certificates of deposit; loans or that portion thereof which are guaranteed by the U.S. Government or agencies backed by the “full faith and credit” thereof; loans secured by properly executed letters of credit from prime financial institutions). High Quality Risk: Loans to recognized national companies and well-seasoned companies that enjoy ready access to major capital markets or to a range of financing alternatives. Borrower’s public debt offerings are accorded highest ratings by recognized rating agencies, e.g., Moody’s or Standard & Poor’s. Companies display sound financial conditions and consistent superior income performance. The borrower’s trends and those of the industry to which it belongs are positive. Satisfactory Risk: Loans to borrowers, reasonably well established, that display satisfactory financial conditions, operating results, and excellent future potential. Capacity to service debt is amply demonstrated. Current financial strength, while financially adequate, may be deficient in a number of respects. Normal comfort levels are achieved through a closely monitored collateral position and/or the strength of outside guarantors. Moderate Risk: Loans to borrowers who are in non-compliance with periodic reporting requirements of the loan agreement, and any other credit file documentation deficiencies, which do not otherwise affect the borrower’s credit risk profile. This may include borrowers who fail to supply updated financial information that supports the adequacy of the primary source of repayment to service the Bank’s debt and prevents bank management to evaluate the borrower’s current debt service capacity. Existing loans will include those with consistent 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: A Special Mention loan has potential weaknesses that deserve management’s close attention. If left uncorrected, these potential weaknesses may result in the deterioration of the repayment prospects for the asset or the Company’s credit position at some future date. Special Mention loans are not adversely classified and do not expose an institution to sufficient risk to warrant adverse classification. Substandard: A Substandard loan is inadequately protected by the current sound worth and paying capacity of the obligor or of the collateral pledged, if any. Loans so classified must have a well-defined weakness or weaknesses that jeopardize the liquidation of the debt. They are characterized by the distinct possibility that the Company will sustain some loss if the deficiencies are not corrected. Doubtful: A loan classified Doubtful has all the weaknesses inherent in one classified Substandard with the added characteristics that the weaknesses make collection or liquidation in full, on the basis of currently existing facts, conditions, and values, highly questionable and improbable. Loss: A loan classified Loss is considered uncollectible and of such little value that continuance as a bankable asset is not warranted. This classification does not mean that the asset has absolutely no recovery or salvage value, but rather it is not practical or desirable to defer writing off this basically worthless asset even though partial recovery may be affected in the future. Based on the most recent analysis performed, the risk category of loans by class of loans is as follows: (Dollars in thousands) Pass Special Substandard Doubtful Total September 30, 2021 Commercial real estate $ 853,888 $ — $ 2,306 $ — $ 856,194 Residential real estate 371,469 — — — 371,469 Commercial (Non-PPP) 286,334 375 1,468 — 288,177 Commercial (PPP) 85,133 — — — 85,133 Construction and land development 69,534 — — — 69,534 Consumer 15,349 88 1,307 — 16,744 Total $ 1,681,707 $ 463 $ 5,081 $ — $ 1,687,251 December 31, 2020 Commercial real estate $ 774,674 $ — $ 2,351 $ — $ 777,025 Residential real estate 379,104 430 — — 379,534 Commercial (Non-PPP) 196,856 112 9,127 — 206,095 Commercial (PPP) 185,748 — — — 185,748 Construction and land development 99,590 — — — 99,590 Consumer 8,382 — 1,307 — 9,689 Total $ 1,644,354 $ 542 $ 12,785 $ — $ 1,657,681 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) September 30, 2021 December 31, 2020 Commercial real estate (1) $ 5,869 $ — Residential real estate 451 405 Commercial 556 746 Construction and development (1) — 3,732 Carrying amount, net of total discounts $ 6,876 $ 4,883 _________________________________________________________________ (1) During the three months ended September 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 nine months ended September 30, 2021: (Dollars in thousands) 2021 Balance at beginning of period $ (630) Adjustment of income — Accretion 296 Reclassifications from nonaccretable difference (136) Disposals 16 Balance at end of period $ (454) For those purchased credit impaired loans disclosed above, no allowances for loan losses were recorded or reversed during the nine months ended September 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 September 30, 2021, the Company had nonperforming assets of $2.8 million, or 0.10% of total assets, compared to nonperforming assets of $10.4 million, or 0.51% of total assets, on 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 As of September 30, 2021, the Company participated in all three rounds of the Payroll Protection Program ("PPP") and funded 2,287 small business loans representing approximately $340.5 million in relief proceeds, of which 1,745 loans totaling $251.4 million were forgiven by the SBA and the balance was $85.1 million as of September 30, 2021.. Most of the PPP loans were initially pledged to the Federal Reserve as part of the Payroll Protection Program 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. 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

ALLOWANCE FOR LOAN LOSSES

ALLOWANCE FOR LOAN LOSSES	9 Months Ended
	Sep. 30, 2021
Financing Receivable, before Allowance for Credit Loss [Abstract]
ALLOWANCE FOR LOAN LOSSES	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 nine months ended September 30, 2021, and the year ended December 31, 2020: Commercial Residential Commercial Construction and Land Development Consumer Total September 30, 2021 Allowance for loan losses: Beginning balance $ 3,159 $ 2,177 $ 10,462 $ 388 $ 73 $ 16,259 Provision for loan losses 920 45 1,276 (55) 674 2,860 Loans charged-off — — (7,641) — — (7,641) Recoveries — — — — — — Total ending allowance balance $ 4,079 $ 2,222 $ 4,097 $ 333 $ 747 $ 11,478 Commercial Residential Commercial Construction Consumer 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 Commercial Residential Commercial Construction Consumer Total September 30, 2021 Allowance for loan losses: Ending allowance balance attributable to loans Individually evaluated for impairment $ — $ — $ 669 $ — $ 653 $ 1,322 Purchased Credit Impaired (PCI) loans — — — — — — Collectively evaluated for impairment 4,079 2,222 3,428 333 94 10,156 Total ending allowance balance $ 4,079 $ 2,222 $ 4,097 $ 333 $ 747 $ 11,478 Loans: Loans individually evaluated for impairment $ 2,306 $ 227 $ 1,468 $ — $ 1,307 $ 5,308 Loans collectively evaluated for impairment 853,888 371,242 371,842 69,534 15,437 1,681,943 Total ending loans balance $ 856,194 $ 371,469 $ 373,310 $ 69,534 $ 16,744 $ 1,687,251 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 $ 2,351 $ 299 $ 9,127 $ — $ 1,307 $ 13,084 Loans collectively evaluated for impairment 774,674 379,235 382,716 99,590 8,382 1,644,597 Total ending loans balance $ 777,025 $ 379,534 $ 391,843 $ 99,590 $ 9,689 $ 1,657,681

DEPOSITS

DEPOSITS	9 Months Ended
	Sep. 30, 2021
Deposits [Abstract]
DEPOSITS	DEPOSITS The Company’s total deposits are comprised of the following at the dates indicated: For the Nine Months Ended For the Year Ended December 31, 2020 (Dollars in thousands) Ending % of Total Ending % of Total NOW accounts $ 328,667 14.0% $ 232,367 14.0% Money market accounts 893,441 37.9% 679,761 41.0% Brokered deposits 56,418 2.4% 30,137 1.8% Savings accounts 13,833 0.6% 9,727 0.6% Certificates of deposit 262,998 11.2% 231,953 14.0% Total interest-bearing deposits 1,555,357 66.1% 1,183,945 71.3% Noninterest-bearing deposits 799,389 33.9% 475,598 28.7% Total deposits $ 2,354,746 100.0% $ 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 meet or exceed the $250,000 FDIC insurance limit as of September 30, 2021. (Dollars in thousands) Three Over Over Six Over Total Time deposits of $250,000 or less $ 13,123 $ 18,043 $ 57,678 $ 6,444 $ 95,288 Time deposits of more than $250,000 25,539 30,762 111,204 4,831 172,336 Total $ 38,662 $ 48,805 $ 168,882 $ 11,275 $ 267,624 The following tables present the maturities of our time deposits including time deposits that meet or exceed the $250,000 FDIC insurance limit as of December 31, 2020. (Dollars in thousands) Three Over Over Six Over 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 42,845 40,157 158,505 Total $ 60,956 $ 48,572 $ 67,650 $ 59,397 $ 236,575 As of September 30, 2021, and December 31, 2020, the Company had time deposits that exceed the $250,000 FDIC insurance limit of $172.3 million and $158.5 million, respectively. Securities, mortgage loans or other financial instruments pledged as collateral for certain deposits were $28.7 million, and $54.7 million on September 30, 2021, and December 31, 2020, respectively. The aggregate amount of demand deposits that have been re-classified as loan balances on September 30, 2021, and December 31, 2020, were $0.4 million, and $0.1 million, respectively. Deposits from principal officers, directors and their affiliates on September 30, 2021, and December 31, 2020, were $22.4 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. September 30, 2021 December 31, 2020 Less than 1 year $ 256,349 $ 177,178 Over 1 through 2 years 10,153 57,034 Over 2 through 3 years 1,082 1,658 Over 3 through 4 years 40 705 Over 4 through 5 years — — Over 5 years — — Total $ 267,624 $ 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 on September 30, 2021, and December 31, 2020. Additionally, the Company had $77.8 million and $98.2 million, in Qualified Public Deposits (“QPD”) that require a portion of the deposit to be pledged as collateral as of September 30, 2021, and December 31, 2020.

DEBT

DEBT	9 Months Ended
	Sep. 30, 2021
Debt Disclosure [Abstract]
DEBT	DEBT Subordinated Debt . On March 26, 2020, pursuant to terms of the acquisition, the Company assumed the subordinated notes payable of Marquis Bancorp, Inc. (“MBI”) at its fair value of $10.3 million. According to the terms of the subordinated note, the principal amount due is $10.0 million with a 7% fixed rate until October 30, 2021, and a variable rate thereafter at LIBOR plus 576 basis points. The note matures on October 30, 2026, and can be redeemed by the Company anytime on or after October 30, 2021. Pursuant to its contractual terms, the Company redeemed in full, the amount of its subordinated notes payable of $10.0 million on October 30, 2021. The subordinated debt was fair valued at a premium of $0.3 million and is being amortized over the expected life. Valley National Line of Credit . On December 19, 2019, the Company entered into a $10.0 million secured revolving line of credit with Valley National Bank, N.A. Amounts drawn under this line of credit bears interest at the Prime Rate, as announced by The Wall Street Journal from time to time as its prime rate, and its obligations under this line of credit are secured by shares of the capital stock of the Bank, which we have pledged as security. On January 7, 2021, (the “Closing Date”) the Company and Valley National Bank entered an amendment, which among other things, extended the maturity date of the note to March 19, 2021. No other material terms of the note changed. The principal balance outstanding pursuant to the note on the Closing Date was $0. On May 10, 2021, the Company and Valley National Bank entered into an extension agreement, which among other things, extended the maturity date of the note to March 1, 2022. As of September 30, 2021, and December 31, 2020, there were no outstanding borrowings under this line of credit.

BORROWINGS

BORROWINGS	9 Months Ended
	Sep. 30, 2021
Federal Home Loan Banks [Abstract]
BORROWINGS	BORROWINGS The Company uses short-term and long-term borrowings to supplement deposits to fund lending and investment activities. FHLB Advances. The FHLB allows the Company to borrow up to 25% of its assets on a blanket floating lien status collateralized by certain securities and loans. As of September 30, 2021, approximately $238.7 million in total loans that were pledged as collateral for our FHLB borrowings. We utilize these borrowings to meet liquidity needs and to fund certain fixed rate loans in our portfolio. As of September 30, 2021, we had $35.0 million in outstanding advances and $129.3 million in additional available borrowing capacity from the FHLB based on the collateral that we have currently pledged. The following table sets forth certain information on our FHLB borrowings during the periods presented. (Dollars in thousands) Nine Months Ended Year Ended 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 37,564 58,210 Weighted average interest rate during period 2.00% 1.63% Federal Reserve Bank of Atlanta . The Federal Reserve Bank of Atlanta has an available borrower in custody arrangement which allows us to borrow on a collateralized basis. No advances were outstanding under this facility as of September 30, 2021.

COMMON STOCK AND PREFERRED STOC

COMMON STOCK AND PREFERRED STOCK	9 Months Ended
	Sep. 30, 2021
Stockholders' Equity Note [Abstract]
COMMON STOCK AND PREFERRED STOCK	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 September 30, 2021, there are 50,000,000 shares authorized as Class A voting common stock of which 13,416,667 are outstanding. During the nine months ended September 30, 2021, the Company issued 229,417 shares of Class A voting common stock, inclusive of 134,856 shares of restricted stock grants, 92,710 shares of options exercised, and 1,851 shares pursuant to the employee stock purchase program. During the nine months ended September 30, 2021, the Company repurchased 341,367 shares of Class A common stock. Further, during the same nine-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 3,002 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 September 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	9 Months Ended
	Sep. 30, 2021
Fair Value Disclosures [Abstract]
FAIR VALUE	FAIR VALUE Fair value is the exchange price that would be received for an asset or paid to transfer a liability (exit price) in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants on the measurement date. There are three levels of inputs that may be used to measure fair values: Level 1 — Quoted prices (unadjusted) for identical assets or liabilities in active markets that the entity has the ability to access as of the measurement date. Level 2 — Significant other observable inputs other than Level 1 prices such as quoted prices for similar assets or liabilities; quoted prices in markets that are not active; or other inputs that are observable or can be corroborated by observable market data. Level 3 — Significant unobservable inputs that reflect a 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: The carrying amounts of cash and cash equivalents approximate their fair value. Securities available for sale: Where quoted prices are available in an active market, securities are classified within Level 1 of the valuation hierarchy. Level 1 securities include highly liquid government bonds, certain mortgage products and exchange-traded equities. If quoted market prices are not available, then fair values are estimated by using pricing models, quoted prices of securities with similar characteristics, or discounted cash flows. Examples of such instruments, which would generally be classified within Level 2 of the valuation hierarchy, include certain collateralized mortgage and debt obligations, corporate bonds, municipal bonds and U.S. agency notes. In certain cases where there is limited activity or less transparency around inputs to the valuation, securities are classified within Level 3 of the valuation hierarchy. Securities classified within Level 3 might include certain residual interests in securitizations and other less liquid securities. As of September 30, 2021, and December 31, 2020, all securities available for sale were Level 2. Securities held-to-maturity: Reported at fair value utilizing Level 2 inputs. The estimated fair value is determined based on market quotes when available. If not available, quoted market prices of similar securities, discounted cash flow analysis, pricing models and observable market data are used in determining fair market value. 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: Fair values are estimated for portfolios of loans with similar characteristics. Loans are segregated by type, such as commercial or residential mortgage. Each loan category is further segmented into fixed and adjustable rate interest terms as well as performing and non-performing categories. The fair value of loans is calculated by discounting scheduled cash flows through the estimated life including prepayment considerations and estimated market discount rates that reflect the risks inherent to the loan. The calculation of the fair value considers market driven variables including credit related factors and reflects an exit price as defined in ASC Topic 820. Loans held for sale: The carrying amounts of loans held for sale approximate their fair values. Federal Home Loan Bank stock: It is not practical to determine fair value due to restrictions placed on transferability. Federal Reserve Bank stock: It is not practical to determine fair value due to restrictions placed on transferability. Accrued interest receivable: The carrying amounts of accrued interest approximate their fair values. Deposits: The fair values disclosed for demand, NOW, money-market and savings deposits are, by definition, equal to the amount payable on demand at the reporting date (that is, their carrying amounts). Fair values for fixed-rate time deposits are estimated using a current market rates offered for remaining or similar maturities. Federal Home Loan Bank advances: Fair values are estimated using discounted cash flow analysis based on the Bank’s current incremental borrowing rates for similar types of borrowing arrangements. Off-balance-sheet instruments: Fair values for off-balance-sheet lending commitments are based on fees currently charged to enter into similar agreements, taking into account the remaining terms of the agreements and the counterparties’ credit standing. 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 nine months ended September 30, 2021, or for the year ended December 31, 2020. Fair Value Measurements on September 30, 2021 Using: September 30, 2021 Fair Quoted Prices in Significant Significant Available-for-sale - taxable Small Business Administration loan pools $ 39,703 $ — $ 39,703 $ — Mortgage-backed securities 50,928 — 50,928 — United States agency obligations 2,078 — 2,078 — Corporate bonds 1,509 — 1,509 — Total $ 94,218 $ — $ 94,218 $ — Available-for-sale - tax exempt Community Development District bonds $ 18,364 $ — $ 18,364 $ — Municipals 1,098 — 1,098 — Total $ 19,462 $ — $ 19,462 $ — Equity Mutual funds $ 5,903 $ 5,903 $ — $ — Other equity securities 800 800 — — Total $ 6,703 $ 6,703 $ — $ — Fair Value Measurements on December 31, 2020 Using: December 31, 2020 Fair Quoted Prices in Significant Significant 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 $ — $ — on September 30, 2021 Using: September 30, 2021 Fair Quoted Prices in Significant Significant Customer Derivatives - Interest Rate SWAPs Customer Derivatives - Interest Rate SWAPs Asset $ 1,300 $ — $ 1,300 $ — Customer Derivatives - Interest Rate SWAPs Liability (1,300) — (1,300) — Total $ — $ — $ — $ — As of December 31, 2020, the Company did not hold any interest rate SWAPs. Impaired loans: The fair value of impaired loans with specific allocations of the allowance for loan losses is generally based on recent real estate appraisals. These appraisals may utilize a single valuation approach or a combination of approaches including comparable sales and the income approach. Adjustments are routinely made in the appraisal process by the independent appraisers to adjust for differences between the comparable sales and income data available for similar loans and collateral underlying such loans. Such adjustments result in a Level 3 classification of the inputs for determining fair value. Non-real estate collateral may be valued using an appraisal, net book value per the borrower’s financial statements, or aging reports, adjusted or discounted based on management’s historical knowledge, changes in market conditions from the time of the valuation, and management’s expertise and knowledge of the client and client’s business, resulting in a Level 3 fair value classification. Impaired loans are evaluated on a quarterly basis for additional impairment and adjusted in accordance with the allowance policy. Specifically, regarding the Coex loan, the carrying amount of the loan for impairment purposes was determined based on the note outstanding balance on September 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 on September 30, 2021 Using: (Dollars in thousands) Total at September 30, Quoted Prices in Active Markets for Significant Significant Total Gains Impaired Loans: Commercial real estate $ — $ — $ — $ — $ — Residential real estate — — — — — Commercial 799 — — 799 (669) Construction and land development — — — — — Consumer and other 654 — — 654 (654) Total $ 1,453 $ — $ — $ 1,453 $ (1,323) Fair Value Measurements on December 31, 2020 Using: (Dollars in thousands) Total at December 31, Quoted Prices in Active Markets for Significant Significant Total Gains 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): September 30, 2021 Carrying Fair Fair Value Financial Assets: Cash & Due from Banks, including interest bearing deposits $ 720,407 $ 720,407 Level 1 Federal Funds Sold 23,736 23,736 Level 1 Securities, Available for Sale - taxable 94,739 94,218 Level 2 Securities, Available for Sale - tax exempt 18,854 19,462 Level 2 Securities, Held to Maturity 259 269 Level 2 Securities, Equity 5,903 5,903 Level 1 Securities, Other Equity 800 800 Level 1 Loans, net 1,675,773 1,691,673 Level 3 Loans Held For Sale 284 284 Level 1 Bank Owned Life Insurance 38,204 38,204 Level 2 Accrued Interest Receivable 5,336 5,336 Level 1, 2 & 3 Customer Derivatives - Interest Rate SWAPs 1,300 1,300 Level 2 Financial Liabilities: Deposits 2,354,746 2,325,899 Level 2 Federal Home Loan Bank Advances 35,000 33,809 Level 2 Subordinated Debt 10,016 10,016 Level 2 Customer Derivatives - Interest Rate SWAPs 1,300 1,300 Level 2 Accrued Interest Payable 266 266 Level 2 December 31, 2020 Carrying Fair Fair Value 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 1,641,422 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

CUSTOMER DERIVATIVES - INTEREST

CUSTOMER DERIVATIVES - INTEREST RATE SWAPS	9 Months Ended
	Sep. 30, 2021
Derivative Instruments and Hedging Activities Disclosure [Abstract]
CUSTOMER DERIVATIVES - INTEREST RATE SWAPS	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 parties are not designated as hedges under FASB ASC Topic 815, Derivatives and Hedging , and are marked to market through earnings. As the SWAPs are structured to offset each other, changes to the underlying benchmark interest rates considered in the valuation of these instruments do not result in an impact to earnings; however, there may be fair value adjustments related to credit quality variations between counterparties, which may impact earnings as required by FASB ASC Topic 820, Fair Value Measurement and Disclosure (“ASC 820”

LOAN COMMITMENTS AND OTHER RELA

LOAN COMMITMENTS AND OTHER RELATED ACTIVITIES	9 Months Ended
	Sep. 30, 2021
Investments, All Other Investments [Abstract]
LOAN COMMITMENTS AND OTHER RELATED ACTIVITIES	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 on September 30, 2021, and December 31, 2020, were as follows: (Dollars in thousands) September 30, 2021 December 31, 2020 Unfunded lines of credit $ 368,117 $ 356,955 Commitments to extend credit 97,251 40,629 Letters of credit 11,308 13,036 Total credit extension commitments $ 476,676 $ 410,620

REGULATORY CAPITAL MATTERS

REGULATORY CAPITAL MATTERS	9 Months Ended
	Sep. 30, 2021
Broker-Dealer, Net Capital Requirement, SEC Regulation [Abstract]
REGULATORY CAPITAL MATTERS	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 September 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 September 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. On September 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 on September 30, 2021, and December 31, 2020. The required amounts for capital adequacy shown below do not include the capital conservation buffer previously discussed. Actual Minimum for capital adequacy Minimum to be well (Dollars in thousands) Amount Ratio Amount Ratio Amount Ratio September 30, 2021 Total capital ratio Bank $ 206,776 12.9% $ 127,860 8.0% $ 159,824 10.0% Company 224,537 14.0% 127,860 8.0% N/A N/A Tier 1 capital ratio Bank 194,377 12.2% 95,895 6.0% 127,860 8.0% Company 202,122 12.6% 95,895 6.0% N/A N/A Tier1 leverage ratio Bank 194,377 7.7% 101,353 4.0% 126,691 5.0% Company 202,122 8.0% 101,353 4.0% N/A N/A Common equity tier 1 capital ratio Bank 194,377 12.2% 71,921 4.5% 103,886 6.5% Company 202,122 12.6% 71,921 4.5% N/A N/A Actual Minimum for capital adequacy Minimum to be well (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	9 Months Ended
	Sep. 30, 2021
Share-based Payment Arrangement [Abstract]
STOCK BASED COMPENSATION	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 initially limited the aggregate number of shares of our Class A voting common stock to be awarded under the 2019 Equity Incentive Plan (the "2019 Plan") as restricted stock to 682,955 shares. However, the 2019 Plan provides for the automatic increase (but not decrease) on the first day of each fiscal year. Thus, for 2021 the total share reserve is 682,955. The Company has 227,590 shares of restricted stock outstanding, at a weighted average exercise price of $16.87, to employees and directors under the 2019 Equity Incentive Plan as of September 30, 2021, for which the Company did not receive, nor will it receive, any monetary consideration. Therefore, there were 455,365 restricted shares available to be issued on September 30, 2021. As of September 30, 2021, there was approximately $2.7 million in unrecognized compensation expense in regard to restricted stock that will be recognized over a three-year period.

LEASES

LEASES	9 Months Ended
	Sep. 30, 2021
Leases [Abstract]
LEASES	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 other liabilities 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 nine months ended September 30, 2021, and 2020 consists of: Three Months Ended Three Months Ended Nine Months Ended Nine Months Ended Operating Lease and Interest Cost $ 335 $ 507 $ 1,128 $ 1,264 Variable Lease Cost 106 120 305 369 Total Lease Cost $ 441 $ 627 $ 1,433 $ 1,633 The following table provides supplemental information related to leases for the three and nine months ended September 30, 2021, and 2020: Three Months Ended Three Months Ended Nine Months Ended Nine Months Ended Operating Lease - Operating Cash Flows (Fixed Payments) $ 335 $ 508 $ 1,129 $ 1,264 Operating Lease - Operating Cash Flows (Liability Reduction) $ 123 $ 612 $ 1,044 $ 1,281 New ROU Assets - Operating Leases $ 165 $ 60 $ 165 $ 1,680 Weighted Average Lease Term (Years) - Operating Leases 5.01 5.85 Weighted Average Discount Rate - Operating Leases 3.13 % 3.05 % A maturity analysis of operating lease liabilities and reconciliation of the undiscounted cash flows to the total operating lease liabilities as of September 30, 2021, is as follows: September 30, 2021 Operating lease payments due: Within one year $ 1,443 After one but within two years 1,426 After two but within three years 1,212 After three but within four years 1,097 After four years but within five years 766 After five years 620 Total undiscounted cash flows 6,564 Discount on cash flows (1,107) Total operating lease liabilities $ 5,457

SUBSEQUENT EVENTS

SUBSEQUENT EVENTS	9 Months Ended
	Sep. 30, 2021
Subsequent Events [Abstract]
SUBSEQUENT EVENTS	SUBSEQUENT EVENTSRedemption of Subordinated DebtOn October 30 2021, the Company redeemed in full, the amount of its subordinated notes payable of $10.0 million, in accordance with its contractual terms.

SUMMARY OF SIGNIFICANT ACCOUN_2

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	9 Months Ended
	Sep. 30, 2021
Accounting Policies [Abstract]
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, 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 nine months ended September 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 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.
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: The carrying amounts of cash and cash equivalents approximate their fair value. Securities available for sale: Where quoted prices are available in an active market, securities are classified within Level 1 of the valuation hierarchy. Level 1 securities include highly liquid government bonds, certain mortgage products and exchange-traded equities. If quoted market prices are not available, then fair values are estimated by using pricing models, quoted prices of securities with similar characteristics, or discounted cash flows. Examples of such instruments, which would generally be classified within Level 2 of the valuation hierarchy, include certain collateralized mortgage and debt obligations, corporate bonds, municipal bonds and U.S. agency notes. In certain cases where there is limited activity or less transparency around inputs to the valuation, securities are classified within Level 3 of the valuation hierarchy. Securities classified within Level 3 might include certain residual interests in securitizations and other less liquid securities. As of September 30, 2021, and December 31, 2020, all securities available for sale were Level 2. Securities held-to-maturity: Reported at fair value utilizing Level 2 inputs. The estimated fair value is determined based on market quotes when available. If not available, quoted market prices of similar securities, discounted cash flow analysis, pricing models and observable market data are used in determining fair market value. 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: Fair values are estimated for portfolios of loans with similar characteristics. Loans are segregated by type, such as commercial or residential mortgage. Each loan category is further segmented into fixed and adjustable rate interest terms as well as performing and non-performing categories. The fair value of loans is calculated by discounting scheduled cash flows through the estimated life including prepayment considerations and estimated market discount rates that reflect the risks inherent to the loan. The calculation of the fair value considers market driven variables including credit related factors and reflects an exit price as defined in ASC Topic 820. Loans held for sale: The carrying amounts of loans held for sale approximate their fair values. Federal Home Loan Bank stock: It is not practical to determine fair value due to restrictions placed on transferability. Federal Reserve Bank stock: It is not practical to determine fair value due to restrictions placed on transferability. Accrued interest receivable: The carrying amounts of accrued interest approximate their fair values. Deposits: The fair values disclosed for demand, NOW, money-market and savings deposits are, by definition, equal to the amount payable on demand at the reporting date (that is, their carrying amounts). Fair values for fixed-rate time deposits are estimated using a current market rates offered for remaining or similar maturities. Federal Home Loan Bank advances: Fair values are estimated using discounted cash flow analysis based on the Bank’s current incremental borrowing rates for similar types of borrowing arrangements. Off-balance-sheet instruments: Fair values for off-balance-sheet lending commitments are based on fees currently charged to enter into similar agreements, taking into account the remaining terms of the agreements and the counterparties’ credit standing.

EARNINGS PER SHARE (Tables)

EARNINGS PER SHARE (Tables)	9 Months Ended
	Sep. 30, 2021
Earnings Per Share [Abstract]
Schedule of Basic and Diluted Earnings per share	Three Months Ended September 30, Nine Months Ended September 30, 2021 2020 2021 2020 Basic earnings per share: Net income $ 6,288 $ 950 $ 17,404 $ 2,764 Total weighted average common stock outstanding 13,196,025 13,438,652 13,344,470 11,694,764 Net income per share $ 0.48 $ 0.07 $ 1.30 $ 0.24 Diluted earnings per share: Net income $ 6,288 $ 950 $ 17,404 $ 2,764 Total weighted average common stock outstanding 13,196,025 13,438,652 13,344,470 11,694,764 Add: Dilutive effect of employee stock options 659,402 1,117,563 568,613 1,290,819 Total weighted average diluted stock outstanding 13,855,427 14,556,215 13,913,083 12,985,583 Net income per share $ 0.45 $ 0.07 $ 1.25 $ 0.21

SECURITIES (Tables)

SECURITIES (Tables)	9 Months Ended
	Sep. 30, 2021
Investments, Debt and Equity Securities [Abstract]
Summary of Debt Securities Available for Sale	The following table summarizes the amortized cost and fair value of securities available-for-sale and securities held-to-maturity on September 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: September 30, 2021 Amortized Gross Gross Fair Value Available-for-sale - taxable Small Business Administration loan pools $ 40,131 $ 62 $ (490) $ 39,703 Mortgage-backed securities 51,105 162 (340) 50,927 United States agency obligations 2,002 77 — 2,079 Corporate bonds 1,500 9 — 1,509 Total available-for-sale - taxable $ 94,738 $ 310 $ (830) $ 94,218 Available-for-sale - tax exempt Community Development District bonds $ 17,800 $ 564 $ — $ 18,364 Municipals 1,054 44 — 1,098 Total available-for-sale - tax exempt $ 18,854 $ 608 $ — $ 19,462 Amortized Gross Gross Fair Value Held-to-Maturity Mortgage-backed securities $ 259 $ 10 $ — $ 269 Total Held-to-Maturity $ 259 $ 10 $ — $ 269 Amortized Gross Gross Fair Value Equity Mutual Funds $ 5,903 $ — $ — $ 5,903 Other equity securities 800 — — 800 Total Equity $ 6,703 $ — $ — $ 6,703 December 31, 2020 Amortized Gross Gross Fair 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 Amortized Gross Gross Fair 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
Summary of Debt Securities Held to Maturity	The following table summarizes the amortized cost and fair value of securities available-for-sale and securities held-to-maturity on September 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: September 30, 2021 Amortized Gross Gross Fair Value Available-for-sale - taxable Small Business Administration loan pools $ 40,131 $ 62 $ (490) $ 39,703 Mortgage-backed securities 51,105 162 (340) 50,927 United States agency obligations 2,002 77 — 2,079 Corporate bonds 1,500 9 — 1,509 Total available-for-sale - taxable $ 94,738 $ 310 $ (830) $ 94,218 Available-for-sale - tax exempt Community Development District bonds $ 17,800 $ 564 $ — $ 18,364 Municipals 1,054 44 — 1,098 Total available-for-sale - tax exempt $ 18,854 $ 608 $ — $ 19,462 Amortized Gross Gross Fair Value Held-to-Maturity Mortgage-backed securities $ 259 $ 10 $ — $ 269 Total Held-to-Maturity $ 259 $ 10 $ — $ 269 Amortized Gross Gross Fair Value Equity Mutual Funds $ 5,903 $ — $ — $ 5,903 Other equity securities 800 — — 800 Total Equity $ 6,703 $ — $ — $ 6,703 December 31, 2020 Amortized Gross Gross Fair 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 Amortized Gross Gross Fair 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
Schedule of Maturities of Securities	The scheduled maturities of securities as of September 30, 2021, are as follows: September 30, 2021 Amortized Fair Available-for-sale Due in one year or less $ 1,188 $ 1,202 Due after one year through five years 20,853 21,523 Due after five years through ten years 315 325 Due after ten years — — Subtotal $ 22,356 $ 23,050 Small Business Administration loan pools $ 40,131 $ 39,703 Mortgage-backed securities 51,105 50,927 Total available-for-sale $ 113,592 $ 113,680 Mortgage-backed securities $ 259 $ 269 Total held-to-maturity $ 259 $ 269
Summary of Fair Value of Debt Securities	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 on September 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 September 30, 2021 Available-for-sale - taxable Small Business Administration loan pools $ 14,640 $ (359) $ 16,127 $ (131) $ 30,767 $ (490) Mortgage-backed securities 33,019 (340) — — 33,019 (340) Total available-for-sale - taxable $ 47,659 $ (699) $ 16,127 $ (131) $ 63,786 $ (830) 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 — Total available-for-sale - taxable $ 24,915 $ (133) $ 11,455 $ (96) $ 36,370 $ (229)

LOANS (Tables)

LOANS (Tables)	9 Months Ended
	Sep. 30, 2021
Receivables [Abstract]
Summary of Loans	Loans on September 30, 2021, and December 31, 2020, were as follows: September 30, 2021 December 31, 2020 Loans held for investment: Commercial real estate $ 856,194 $ 777,025 Residential real estate 371,469 379,534 Commercial (Non-PPP) 288,177 206,095 Commercial (PPP) 85,133 185,748 Construction and land development 69,534 99,590 Consumer and other 16,744 9,689 Total loans held for investment, gross 1,687,251 1,657,681 Allowance for loan loss (11,478) (16,259) Loans held for investment, net $ 1,675,773 $ 1,641,422 Loans held for sale: Loans held for sale $ 284 $ 1,270 Total loans held for sale $ 284 $ 1,270
Summary of the Aging of Past Due Loans	The following table presents the aging of the recorded investment in past due loans as of September 30, 2021, and December 31, 2020, by class of loans: 30 – 59 60 – 89 Greater than Nonaccrual Total Loans Not Total September 30, 2021 Commercial real estate $ — $ — $ — $ — $ — $ 856,194 $ 856,194 Residential real estate 22 — — — 22 371,447 371,469 Commercial (Non-PPP) 369 — — 1,468 1,837 286,340 288,177 Commercial (PPP) — — — — — 85,133 85,133 Construction and land development — — — — — 69,534 69,534 Consumer and other 88 — — 1,307 1,395 15,349 16,744 Total $ 479 $ — $ — $ 2,775 $ 3,254 $ 1,683,997 $ 1,687,251 30 – 59 60 – 89 Greater than Nonaccrual Total Loans Not Total December 31, 2020 Commercial real estate $ — $ — $ — $ — $ — $ 777,025 $ 777,025 Residential real estate 1,317 — — — 1,317 378,217 379,534 Commercial (Non-PPP) 278 — — 9,127 278 205,817 206,095 Commercial (PPP) — — — — — 185,748 185,748 Construction and land development — — — — — 99,590 99,590 Consumer and other — — — 1,307 — 9,689 9,689 Total $ 1,595 $ — $ — $ 10,434 $ 1,595 $ 1,656,086 $ 1,657,681
Summary of Risk Category of Loans	Based on the most recent analysis performed, the risk category of loans by class of loans is as follows: (Dollars in thousands) Pass Special Substandard Doubtful Total September 30, 2021 Commercial real estate $ 853,888 $ — $ 2,306 $ — $ 856,194 Residential real estate 371,469 — — — 371,469 Commercial (Non-PPP) 286,334 375 1,468 — 288,177 Commercial (PPP) 85,133 — — — 85,133 Construction and land development 69,534 — — — 69,534 Consumer 15,349 88 1,307 — 16,744 Total $ 1,681,707 $ 463 $ 5,081 $ — $ 1,687,251 December 31, 2020 Commercial real estate $ 774,674 $ — $ 2,351 $ — $ 777,025 Residential real estate 379,104 430 — — 379,534 Commercial (Non-PPP) 196,856 112 9,127 — 206,095 Commercial (PPP) 185,748 — — — 185,748 Construction and land development 99,590 — — — 99,590 Consumer 8,382 — 1,307 — 9,689 Total $ 1,644,354 $ 542 $ 12,785 $ — $ 1,657,681
Summary of Purchased Credit Impaired Loans	The carrying amount of those loans is as follows: (Dollars in thousands) September 30, 2021 December 31, 2020 Commercial real estate (1) $ 5,869 $ — Residential real estate 451 405 Commercial 556 746 Construction and development (1) — 3,732 Carrying amount, net of total discounts $ 6,876 $ 4,883 _________________________________________________________________ (1) During the three months ended September 30, 2021, construction was completed on a construction loan and recategorized as a non-owner occupied commercial real estate loan.
Summary of Changes in Carrying Amount of Accretable Yield	Changes in the carrying amount of the accretable yield for all purchased credit impaired loans were as follows for the nine months ended September 30, 2021: (Dollars in thousands) 2021 Balance at beginning of period $ (630) Adjustment of income — Accretion 296 Reclassifications from nonaccretable difference (136) Disposals 16 Balance at end of period $ (454)
Summary of Fair Value of PCI Loans	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

ALLOWANCE FOR LOAN LOSSES (Tabl

ALLOWANCE FOR LOAN LOSSES (Tables)	9 Months Ended
	Sep. 30, 2021
Financing Receivable, before Allowance for Credit Loss [Abstract]
Schedule of Allowance for Loan Losses by Portfolio Segment	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 nine months ended September 30, 2021, and the year ended December 31, 2020: Commercial Residential Commercial Construction and Land Development Consumer Total September 30, 2021 Allowance for loan losses: Beginning balance $ 3,159 $ 2,177 $ 10,462 $ 388 $ 73 $ 16,259 Provision for loan losses 920 45 1,276 (55) 674 2,860 Loans charged-off — — (7,641) — — (7,641) Recoveries — — — — — — Total ending allowance balance $ 4,079 $ 2,222 $ 4,097 $ 333 $ 747 $ 11,478 Commercial Residential Commercial Construction Consumer 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	Commercial Residential Commercial Construction Consumer Total September 30, 2021 Allowance for loan losses: Ending allowance balance attributable to loans Individually evaluated for impairment $ — $ — $ 669 $ — $ 653 $ 1,322 Purchased Credit Impaired (PCI) loans — — — — — — Collectively evaluated for impairment 4,079 2,222 3,428 333 94 10,156 Total ending allowance balance $ 4,079 $ 2,222 $ 4,097 $ 333 $ 747 $ 11,478 Loans: Loans individually evaluated for impairment $ 2,306 $ 227 $ 1,468 $ — $ 1,307 $ 5,308 Loans collectively evaluated for impairment 853,888 371,242 371,842 69,534 15,437 1,681,943 Total ending loans balance $ 856,194 $ 371,469 $ 373,310 $ 69,534 $ 16,744 $ 1,687,251 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 $ 2,351 $ 299 $ 9,127 $ — $ 1,307 $ 13,084 Loans collectively evaluated for impairment 774,674 379,235 382,716 99,590 8,382 1,644,597 Total ending loans balance $ 777,025 $ 379,534 $ 391,843 $ 99,590 $ 9,689 $ 1,657,681

DEPOSITS (Tables)

DEPOSITS (Tables)	9 Months Ended
	Sep. 30, 2021
Deposits [Abstract]
Schedule of Deposits	The Company’s total deposits are comprised of the following at the dates indicated: For the Nine Months Ended For the Year Ended December 31, 2020 (Dollars in thousands) Ending % of Total Ending % of Total NOW accounts $ 328,667 14.0% $ 232,367 14.0% Money market accounts 893,441 37.9% 679,761 41.0% Brokered deposits 56,418 2.4% 30,137 1.8% Savings accounts 13,833 0.6% 9,727 0.6% Certificates of deposit 262,998 11.2% 231,953 14.0% Total interest-bearing deposits 1,555,357 66.1% 1,183,945 71.3% Noninterest-bearing deposits 799,389 33.9% 475,598 28.7% Total deposits $ 2,354,746 100.0% $ 1,659,543 100.0% _______________________________________________ (1) Balance Sheet does not illustrate brokered deposits as presented above .
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 meet or exceed the $250,000 FDIC insurance limit as of September 30, 2021. (Dollars in thousands) Three Over Over Six Over Total Time deposits of $250,000 or less $ 13,123 $ 18,043 $ 57,678 $ 6,444 $ 95,288 Time deposits of more than $250,000 25,539 30,762 111,204 4,831 172,336 Total $ 38,662 $ 48,805 $ 168,882 $ 11,275 $ 267,624 The following tables present the maturities of our time deposits including time deposits that meet or exceed the $250,000 FDIC insurance limit as of December 31, 2020. (Dollars in thousands) Three Over Over Six Over 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 42,845 40,157 158,505 Total $ 60,956 $ 48,572 $ 67,650 $ 59,397 $ 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. September 30, 2021 December 31, 2020 Less than 1 year $ 256,349 $ 177,178 Over 1 through 2 years 10,153 57,034 Over 2 through 3 years 1,082 1,658 Over 3 through 4 years 40 705 Over 4 through 5 years — — Over 5 years — — Total $ 267,624 $ 236,575

BORROWINGS (Tables)

BORROWINGS (Tables)	9 Months Ended
	Sep. 30, 2021
Federal Home Loan Banks [Abstract]
Schedule of Advances from the Federal Home Loan Bank	The following table sets forth certain information on our FHLB borrowings during the periods presented. (Dollars in thousands) Nine Months Ended Year Ended 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 37,564 58,210 Weighted average interest rate during period 2.00% 1.63%

FAIR VALUE (Tables)

FAIR VALUE (Tables)	9 Months Ended
	Sep. 30, 2021
Fair Value Disclosures [Abstract]
Schedule of Assets Measured at Fair Value on a Recurring Basis	Fair Value Measurements on September 30, 2021 Using: September 30, 2021 Fair Quoted Prices in Significant Significant Available-for-sale - taxable Small Business Administration loan pools $ 39,703 $ — $ 39,703 $ — Mortgage-backed securities 50,928 — 50,928 — United States agency obligations 2,078 — 2,078 — Corporate bonds 1,509 — 1,509 — Total $ 94,218 $ — $ 94,218 $ — Available-for-sale - tax exempt Community Development District bonds $ 18,364 $ — $ 18,364 $ — Municipals 1,098 — 1,098 — Total $ 19,462 $ — $ 19,462 $ — Equity Mutual funds $ 5,903 $ 5,903 $ — $ — Other equity securities 800 800 — — Total $ 6,703 $ 6,703 $ — $ — Fair Value Measurements on December 31, 2020 Using: December 31, 2020 Fair Quoted Prices in Significant Significant 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 Customer Derivatives - Interest Rate SWAP	on September 30, 2021 Using: September 30, 2021 Fair Quoted Prices in Significant Significant Customer Derivatives - Interest Rate SWAPs Customer Derivatives - Interest Rate SWAPs Asset $ 1,300 $ — $ 1,300 $ — Customer Derivatives - Interest Rate SWAPs Liability (1,300) — (1,300) — Total $ — $ — $ — $ —
Schedule of Assets Measured at Fair Value on a Non-recurring Basis	Assets measured at fair value on a non-recurring basis are summarized below: Fair Value Measurements on September 30, 2021 Using: (Dollars in thousands) Total at September 30, Quoted Prices in Active Markets for Significant Significant Total Gains Impaired Loans: Commercial real estate $ — $ — $ — $ — $ — Residential real estate — — — — — Commercial 799 — — 799 (669) Construction and land development — — — — — Consumer and other 654 — — 654 (654) Total $ 1,453 $ — $ — $ 1,453 $ (1,323) Fair Value Measurements on December 31, 2020 Using: (Dollars in thousands) Total at December 31, Quoted Prices in Active Markets for Significant Significant Total Gains 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	The table below presents the approximate carrying amount and estimated fair value of the Company’s financial instruments (in thousands): September 30, 2021 Carrying Fair Fair Value Financial Assets: Cash & Due from Banks, including interest bearing deposits $ 720,407 $ 720,407 Level 1 Federal Funds Sold 23,736 23,736 Level 1 Securities, Available for Sale - taxable 94,739 94,218 Level 2 Securities, Available for Sale - tax exempt 18,854 19,462 Level 2 Securities, Held to Maturity 259 269 Level 2 Securities, Equity 5,903 5,903 Level 1 Securities, Other Equity 800 800 Level 1 Loans, net 1,675,773 1,691,673 Level 3 Loans Held For Sale 284 284 Level 1 Bank Owned Life Insurance 38,204 38,204 Level 2 Accrued Interest Receivable 5,336 5,336 Level 1, 2 & 3 Customer Derivatives - Interest Rate SWAPs 1,300 1,300 Level 2 Financial Liabilities: Deposits 2,354,746 2,325,899 Level 2 Federal Home Loan Bank Advances 35,000 33,809 Level 2 Subordinated Debt 10,016 10,016 Level 2 Customer Derivatives - Interest Rate SWAPs 1,300 1,300 Level 2 Accrued Interest Payable 266 266 Level 2 December 31, 2020 Carrying Fair Fair Value 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 1,641,422 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

LOAN COMMITMENTS AND OTHER RE_2

LOAN COMMITMENTS AND OTHER RELATED ACTIVITIES (Tables)	9 Months Ended
	Sep. 30, 2021
Investments, All Other Investments [Abstract]
Schedule of Contractual Amounts of Financial Instruments With Off-Balance-Sheet Risk	The contractual amounts of financial instruments with off-balance-sheet risk on September 30, 2021, and December 31, 2020, were as follows: (Dollars in thousands) September 30, 2021 December 31, 2020 Unfunded lines of credit $ 368,117 $ 356,955 Commitments to extend credit 97,251 40,629 Letters of credit 11,308 13,036 Total credit extension commitments $ 476,676 $ 410,620

REGULATORY CAPITAL MATTERS (Tab

REGULATORY CAPITAL MATTERS (Tables)	9 Months Ended
	Sep. 30, 2021
Broker-Dealer, Net Capital Requirement, SEC Regulation [Abstract]
Schedule of compliance with regulatory capital requirements	The required amounts for capital adequacy shown below do not include the capital conservation buffer previously discussed. Actual Minimum for capital adequacy Minimum to be well (Dollars in thousands) Amount Ratio Amount Ratio Amount Ratio September 30, 2021 Total capital ratio Bank $ 206,776 12.9% $ 127,860 8.0% $ 159,824 10.0% Company 224,537 14.0% 127,860 8.0% N/A N/A Tier 1 capital ratio Bank 194,377 12.2% 95,895 6.0% 127,860 8.0% Company 202,122 12.6% 95,895 6.0% N/A N/A Tier1 leverage ratio Bank 194,377 7.7% 101,353 4.0% 126,691 5.0% Company 202,122 8.0% 101,353 4.0% N/A N/A Common equity tier 1 capital ratio Bank 194,377 12.2% 71,921 4.5% 103,886 6.5% Company 202,122 12.6% 71,921 4.5% N/A N/A Actual Minimum for capital adequacy Minimum to be well (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)	9 Months Ended
	Sep. 30, 2021
Leases [Abstract]
Schedule of Lease Cost	Lease cost for the three and nine months ended September 30, 2021, and 2020 consists of: Three Months Ended Three Months Ended Nine Months Ended Nine Months Ended Operating Lease and Interest Cost $ 335 $ 507 $ 1,128 $ 1,264 Variable Lease Cost 106 120 305 369 Total Lease Cost $ 441 $ 627 $ 1,433 $ 1,633
Schedule of Supplemental Information Related to Leases	The following table provides supplemental information related to leases for the three and nine months ended September 30, 2021, and 2020: Three Months Ended Three Months Ended Nine Months Ended Nine Months Ended Operating Lease - Operating Cash Flows (Fixed Payments) $ 335 $ 508 $ 1,129 $ 1,264 Operating Lease - Operating Cash Flows (Liability Reduction) $ 123 $ 612 $ 1,044 $ 1,281 New ROU Assets - Operating Leases $ 165 $ 60 $ 165 $ 1,680 Weighted Average Lease Term (Years) - Operating Leases 5.01 5.85 Weighted Average Discount Rate - Operating Leases 3.13 % 3.05 %
Schedule of Maturity Analysis of Operating Lease Liabilities	A maturity analysis of operating lease liabilities and reconciliation of the undiscounted cash flows to the total operating lease liabilities as of September 30, 2021, is as follows: September 30, 2021 Operating lease payments due: Within one year $ 1,443 After one but within two years 1,426 After two but within three years 1,212 After three but within four years 1,097 After four years but within five years 766 After five years 620 Total undiscounted cash flows 6,564 Discount on cash flows (1,107) Total operating lease liabilities $ 5,457

EARNINGS PER SHARE (Details)

EARNINGS PER SHARE (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2021	Sep. 30, 2020	Sep. 30, 2021	Sep. 30, 2020
Basic earnings per share:
Net income	$ 6,288	$ 950	$ 17,404	$ 2,764
Total weighted average common stock outstanding (in shares)	13,196,025	13,438,652	13,344,470	11,694,764
Net income per share (in dollars per share)	$ 0.48	$ 0.07	$ 1.30	$ 0.24
Diluted earnings per share:
Net income	$ 6,288	$ 950	$ 17,404	$ 2,764
Total weighted average common stock outstanding (in shares)	13,196,025	13,438,652	13,344,470	11,694,764
Add: Dilutive effect of employee stock options (in shares)	659,402	1,117,563	568,613	1,290,819
Total weighted average diluted stock outstanding (in shares)	13,855,427	14,556,215	13,913,083	12,985,583
Net income per share (in dollars per share)	$ 0.45	$ 0.07	$ 1.25	$ 0.21

EARNINGS PER SHARE - Narrative

EARNINGS PER SHARE - Narrative (Details) - shares shares in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2021	Sep. 30, 2020	Sep. 30, 2021	Sep. 30, 2020
Stock options
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Anti-dilutive securities excluded (in shares)	7,000	326	278	133

SECURITIES - Summary of Debt Se

SECURITIES - Summary of Debt Securities Available for Sale (Details) - USD ($) $ in Thousands	Sep. 30, 2021	Dec. 31, 2020
Debt Securities, Available-for-sale [Line Items]
Amortized Cost	$ 113,592
Gross Unrealized Losses	(1,200)
Fair Value	113,680
Available-for-sale - taxable
Debt Securities, Available-for-sale [Line Items]
Amortized Cost	94,738	$ 64,693
Gross Unrealized Gains	310	646
Gross Unrealized Losses	(830)	(229)
Fair Value	94,218	65,110
Small Business Administration loan pools
Debt Securities, Available-for-sale [Line Items]
Amortized Cost	40,131	30,678
Gross Unrealized Gains	62	77
Gross Unrealized Losses	(490)	(199)
Fair Value	39,703	30,556
Mortgage-backed securities
Debt Securities, Available-for-sale [Line Items]
Amortized Cost	51,105	28,514
Gross Unrealized Gains	162	438
Gross Unrealized Losses	(340)	(30)
Fair Value	50,927	28,922
United States agency obligations
Debt Securities, Available-for-sale [Line Items]
Amortized Cost	2,002	3,000
Gross Unrealized Gains	77	122
Gross Unrealized Losses	0	0
Fair Value	2,079	3,122
Corporate bonds
Debt Securities, Available-for-sale [Line Items]
Amortized Cost	1,500	2,501
Gross Unrealized Gains	9	9
Gross Unrealized Losses	0	0
Fair Value	1,509	2,510
Available-for-sale - tax exempt
Debt Securities, Available-for-sale [Line Items]
Amortized Cost	18,854	21,646
Gross Unrealized Gains	608	752
Gross Unrealized Losses	0	0
Fair Value	19,462	22,398
Community Development District bonds
Debt Securities, Available-for-sale [Line Items]
Amortized Cost	17,800	20,582
Gross Unrealized Gains	564	717
Gross Unrealized Losses	0	0
Fair Value	18,364	21,299
Municipals
Debt Securities, Available-for-sale [Line Items]
Amortized Cost	1,054	1,064
Gross Unrealized Gains	44	35
Gross Unrealized Losses	0	0
Fair Value	$ 1,098	$ 1,099

SECURITIES - Summary of Debt _2

SECURITIES - Summary of Debt Securities Held to Maturity (Details) - USD ($) $ in Thousands	Sep. 30, 2021	Dec. 31, 2020
Schedule of Held-to-maturity Securities [Line Items]
Amortized Cost	$ 259	$ 1,547
Gross Unrecognized Gains	10	14
Gross Unrecognized Losses	0	0
Fair Value	269	1,561
Mortgage-backed securities
Schedule of Held-to-maturity Securities [Line Items]
Amortized Cost	259	345
Gross Unrecognized Gains	10	14
Gross Unrecognized Losses	0	0
Fair Value	$ 269	359
United States Treasury
Schedule of Held-to-maturity Securities [Line Items]
Amortized Cost		202
Gross Unrecognized Gains		0
Gross Unrecognized Losses		0
Fair Value		202
Foreign Bonds
Schedule of Held-to-maturity Securities [Line Items]
Amortized Cost		1,000
Gross Unrecognized Gains		0
Gross Unrecognized Losses		0
Fair Value		$ 1,000

SECURITIES - Summary of Equity

SECURITIES - Summary of Equity Securities (Details) - USD ($) $ in Thousands	Sep. 30, 2021	Dec. 31, 2020
Debt Securities, Available-for-sale [Line Items]
Amortized Cost	$ 6,703
Equity securities	6,703	$ 6,005
Mutual Funds
Debt Securities, Available-for-sale [Line Items]
Amortized Cost	5,903
Equity securities	5,903
Other equity securities
Debt Securities, Available-for-sale [Line Items]
Amortized Cost	800
Equity securities	$ 800

SECURITIES - Narrative (Details

SECURITIES - Narrative (Details)	3 Months Ended	9 Months Ended		12 Months Ended
	Sep. 30, 2021USD ($)loan	Sep. 30, 2021USD ($)loan	Sep. 30, 2020USD ($)	Dec. 31, 2020USD ($)loan
Investments, Debt and Equity Securities [Abstract]
Increase in available for sale securities		$ 25,600,000
Increase in net investment portfolio		50,900,000
Decrease from pay downs, maturities and calls		24,900,000
Unrealized loss	$ 1,200,000	1,200,000
Tax effect		100,000
Proceeds from sale and maturity of held-to-maturity securities	1,200,000	4,800,000		$ 9,100,000
Gross realized gains on held-to-maturity securities	0	23,000		33,000
Proceeds from sale of securities available for sale		0	$ 1,739,000	1,700,000
Gross realized gains				4,000
Securities pledged	1,900,000	1,900,000		12,500,000
Securities pledged for public funds	$ 1,900,000	$ 1,900,000		$ 0
Number of investment positions that are in an unrealized loss position | loan	51	51		36
Credit losses recognized	$ 0	$ 0		$ 0

SECURITIES - Maturities of Secu

SECURITIES - Maturities of Securities (Details) - USD ($) $ in Thousands	Sep. 30, 2021	Dec. 31, 2020
Available-for-sale, Amortized Cost
Due in one year or less	$ 1,188
Due after one year through five years	20,853
Due after five years through ten years	315
Due after ten years	0
Subtotal	22,356
Amortized Cost	113,592
Available-for-sale, Fair Value
Due in one year or less	1,202
Due after one year through five years	21,523
Due after five years through ten years	325
Due after ten years	0
Subtotal	23,050
Fair Value	113,680
Held to maturity, Amortized cost
Amortized Cost	259	$ 1,547
Held-to-maturity, Fair value
Fair Value	269	1,561
Small Business Administration loan pools
Available-for-sale, Amortized Cost
Amortized cost, without single maturity date	40,131
Amortized Cost	40,131	30,678
Available-for-sale, Fair Value
Fair value, without single maturity date	39,703
Fair Value	39,703	30,556
Mortgage-backed securities
Available-for-sale, Amortized Cost
Amortized cost, without single maturity date	51,105
Amortized Cost	51,105	28,514
Available-for-sale, Fair Value
Fair value, without single maturity date	50,927
Fair Value	50,927	28,922
Held to maturity, Amortized cost
Amortized cost, without single maturity date	259
Amortized Cost	259	345
Held-to-maturity, Fair value
Fair value, without single maturity date	269
Fair Value	$ 269	$ 359

SECURITIES - Unrealized Losses

SECURITIES - Unrealized Losses By Security Type And Time (Details) - USD ($) $ in Thousands	Sep. 30, 2021	Dec. 31, 2020
Available-for-sale - taxable
Marketable Securities [Line Items]
Available for sale, Less than 12 months, Fair value	$ 47,659	$ 24,915
Available for sale, Less than 12 months, Unrealized losses	(699)	(133)
Available for sale, 12 months or longer, Fair value	16,127	11,455
Available for sale, 12 months or longer, Unrealized losses	(131)	(96)
Fair Value	63,786	36,370
Unrealized Losses	(830)	(229)
Small Business Administration loan pools
Marketable Securities [Line Items]
Available for sale, Less than 12 months, Fair value	14,640	18,849
Available for sale, Less than 12 months, Unrealized losses	(359)	(133)
Available for sale, 12 months or longer, Fair value	16,127	8,945
Available for sale, 12 months or longer, Unrealized losses	(131)	(66)
Fair Value	30,767	27,794
Unrealized Losses	(490)	(199)
Mortgage-backed securities
Marketable Securities [Line Items]
Available for sale, Less than 12 months, Fair value	33,019	5,839
Available for sale, Less than 12 months, Unrealized losses	(340)	0
Available for sale, 12 months or longer, Fair value	0	2,510
Available for sale, 12 months or longer, Unrealized losses	0	(30)
Fair Value	33,019	8,349
Unrealized Losses	$ (340)	(30)
United States agency obligations
Marketable Securities [Line Items]
Available for sale, Less than 12 months, Fair value		227
Available for sale, Less than 12 months, Unrealized losses		0
Available for sale, 12 months or longer, Fair value		0
Available for sale, 12 months or longer, Unrealized losses		0
Fair Value		227
Unrealized Losses		$ 0

LOANS - Major Classifications o

LOANS - Major Classifications of Loans (Details) - USD ($) $ in Thousands	Sep. 30, 2021	Dec. 31, 2020	Dec. 31, 2019
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans held for investment, gross	$ 1,687,251	$ 1,657,681
Allowance for loan loss	(11,478)	(16,259)	$ (6,548)
Loans held for investment, net	1,675,773	1,641,422
Loans held for sale	284	1,270
Construction and land development
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans held for investment, gross	69,534	99,590
Allowance for loan loss	(333)	(388)	(272)
Commercial Portfolio Segment | Commercial real estate
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans held for investment, gross	856,194	777,025
Allowance for loan loss	(4,079)	(3,159)	(1,845)
Commercial Portfolio Segment | Commercial (Non-PPP)
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans held for investment, gross	288,177	206,095
Commercial Portfolio Segment | Commercial (PPP)
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans held for investment, gross	85,133	185,748
Consumer Portfolio Segment | Residential real estate
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans held for investment, gross	371,469	379,534
Allowance for loan loss	(2,222)	(2,177)	(3,115)
Consumer Portfolio Segment | Consumer and other
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans held for investment, gross	16,744	9,689
Allowance for loan loss	$ (747)	$ (73)	$ (81)

LOANS - Narratives (Details)

LOANS - Narratives (Details)	3 Months Ended		9 Months Ended		12 Months Ended
	Sep. 30, 2021USD ($)	Sep. 30, 2020USD ($)	Sep. 30, 2021USD ($)loan	Sep. 30, 2020USD ($)	Dec. 31, 2020USD ($)loan	Sep. 30, 2021loan	Sep. 30, 2021item	Sep. 30, 2021	Mar. 31, 2021USD ($)
Financing Receivable, Impaired [Line Items]
Total loans pledged to the Federal Home Loan Bank	$ 238,700,000		$ 238,700,000		$ 264,200,000
Loan premiums on BAC purchased loans	400,000		$ 400,000		$ 600,000
Number of loans past due over 90 days | loan			0		0
Number of loans individually evaluated for impairment with an allowance recorded | loan			5		3
Recorded investment with no allowance	3,000,000		$ 3,000,000		$ 13,100,000
Number of impaired loans						3	6
Recorded investment with allowance	2,800,000		2,800,000		10,400,000
Allowance	1,300,000		1,300,000		8,300,000
Average net investment	900,000				2,200,000
Interest income recognized	2,200,000	$ 7,000	2,200,000	$ 7,000	13,000
Loans that met the criteria for consideration as a troubled debt restructuring			227,000		299,000
Specific reserve	0		0		0
Threshold credit value for annual review	1,000,000		$ 1,000,000
Number of loans processed | loan			2,287
Loans funded	340,500,000		$ 340,500,000
Number of loans forgiven | loan			1,745
Amount of loans forgiven			$ 251,400,000
Amount of loans been paid off			85,100,000
PCI loans
Financing Receivable, Impaired [Line Items]
Allowance for loan losses reversed			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					0.51%			0.10%
Substandard
Financing Receivable, Impaired [Line Items]
Recorded investment with no allowance	2,300,000		2,300,000		$ 2,400,000
Number of impaired loans | loan					1	1
Coex Coffee International Inc.
Financing Receivable, Impaired [Line Items]
Total loans held for investment, gross									$ 7,600,000
Aggregate outstanding balance collateral	$ 600,000		$ 600,000

LOANS - Past Due Loans (Details

LOANS - Past Due Loans (Details) - USD ($) $ in Thousands	Sep. 30, 2021	Dec. 31, 2020
Financing Receivable, Past Due [Line Items]
Nonaccrual	$ 2,775	$ 10,434
Total Past Due	3,254	1,595
Loans Not Past Due	1,683,997	1,656,086
Total	1,687,251	1,657,681
30 – 59 Days Past Due
Financing Receivable, Past Due [Line Items]
Total Past Due	479	1,595
60 – 89 Days Past Due
Financing Receivable, Past Due [Line Items]
Total Past Due	0	0
Greater than 89 Days Past Due
Financing Receivable, Past Due [Line Items]
Total Past Due	0	0
Construction and land development
Financing Receivable, Past Due [Line Items]
Nonaccrual	0	0
Total Past Due	0	0
Loans Not Past Due	69,534	99,590
Total	69,534	99,590
Construction and land development | 30 – 59 Days Past Due
Financing Receivable, Past Due [Line Items]
Total Past Due	0	0
Construction and land development | 60 – 89 Days Past Due
Financing Receivable, Past Due [Line Items]
Total Past Due	0	0
Construction and land development | Greater than 89 Days Past Due
Financing Receivable, Past Due [Line Items]
Total Past Due	0	0
Commercial Portfolio Segment | Commercial real estate
Financing Receivable, Past Due [Line Items]
Nonaccrual	0	0
Total Past Due	0	0
Loans Not Past Due	856,194	777,025
Total	856,194	777,025
Commercial Portfolio Segment | Commercial real estate | 30 – 59 Days Past Due
Financing Receivable, Past Due [Line Items]
Total Past Due	0	0
Commercial Portfolio Segment | Commercial real estate | 60 – 89 Days Past Due
Financing Receivable, Past Due [Line Items]
Total Past Due	0	0
Commercial Portfolio Segment | Commercial real estate | Greater than 89 Days Past Due
Financing Receivable, Past Due [Line Items]
Total Past Due	0	0
Commercial Portfolio Segment | Commercial (Non-PPP)
Financing Receivable, Past Due [Line Items]
Nonaccrual	1,468	9,127
Total Past Due	1,837	278
Loans Not Past Due	286,340	205,817
Total	288,177	206,095
Commercial Portfolio Segment | Commercial (Non-PPP) | 30 – 59 Days Past Due
Financing Receivable, Past Due [Line Items]
Total Past Due	369	278
Commercial Portfolio Segment | Commercial (Non-PPP) | 60 – 89 Days Past Due
Financing Receivable, Past Due [Line Items]
Total Past Due	0	0
Commercial Portfolio Segment | Commercial (Non-PPP) | Greater than 89 Days Past Due
Financing Receivable, Past Due [Line Items]
Total Past Due	0	0
Commercial Portfolio Segment | Commercial (PPP)
Financing Receivable, Past Due [Line Items]
Nonaccrual	0	0
Total Past Due	0	0
Loans Not Past Due	85,133	185,748
Total	85,133	185,748
Commercial Portfolio Segment | Commercial (PPP) | 30 – 59 Days Past Due
Financing Receivable, Past Due [Line Items]
Total Past Due	0	0
Commercial Portfolio Segment | Commercial (PPP) | 60 – 89 Days Past Due
Financing Receivable, Past Due [Line Items]
Total Past Due	0	0
Commercial Portfolio Segment | Commercial (PPP) | Greater than 89 Days Past Due
Financing Receivable, Past Due [Line Items]
Total Past Due	0	0
Consumer Portfolio Segment | Residential real estate
Financing Receivable, Past Due [Line Items]
Nonaccrual	0	0
Total Past Due	22	1,317
Loans Not Past Due	371,447	378,217
Total	371,469	379,534
Consumer Portfolio Segment | Residential real estate | 30 – 59 Days Past Due
Financing Receivable, Past Due [Line Items]
Total Past Due	22	1,317
Consumer Portfolio Segment | Residential real estate | 60 – 89 Days Past Due
Financing Receivable, Past Due [Line Items]
Total Past Due	0	0
Consumer Portfolio Segment | Residential real estate | Greater than 89 Days Past Due
Financing Receivable, Past Due [Line Items]
Total Past Due	0	0
Consumer Portfolio Segment | Consumer and other
Financing Receivable, Past Due [Line Items]
Nonaccrual	1,307	1,307
Total Past Due	1,395	0
Loans Not Past Due	15,349	9,689
Total	16,744	9,689
Consumer Portfolio Segment | Consumer and other | 30 – 59 Days Past Due
Financing Receivable, Past Due [Line Items]
Total Past Due	88	0
Consumer Portfolio Segment | Consumer and other | 60 – 89 Days Past Due
Financing Receivable, Past Due [Line Items]
Total Past Due	0	0
Consumer Portfolio Segment | Consumer and other | Greater than 89 Days Past Due
Financing Receivable, Past Due [Line Items]
Total Past Due	$ 0	$ 0

LOANS - Risk Category (Details)

LOANS - Risk Category (Details) - USD ($) $ in Thousands	Sep. 30, 2021	Dec. 31, 2020
Financing Receivable, Credit Quality Indicator [Line Items]
Financing receivable, gross	$ 1,687,251	$ 1,657,681
Pass
Financing Receivable, Credit Quality Indicator [Line Items]
Financing receivable, gross	1,681,707	1,644,354
Special Mention
Financing Receivable, Credit Quality Indicator [Line Items]
Financing receivable, gross	463	542
Substandard
Financing Receivable, Credit Quality Indicator [Line Items]
Financing receivable, gross	5,081	12,785
Doubtful
Financing Receivable, Credit Quality Indicator [Line Items]
Financing receivable, gross	0	0
Construction and land development
Financing Receivable, Credit Quality Indicator [Line Items]
Financing receivable, gross	69,534	99,590
Construction and land development | Pass
Financing Receivable, Credit Quality Indicator [Line Items]
Financing receivable, gross	69,534	99,590
Construction and land development | Special Mention
Financing Receivable, Credit Quality Indicator [Line Items]
Financing receivable, gross	0	0
Construction and land development | Substandard
Financing Receivable, Credit Quality Indicator [Line Items]
Financing receivable, gross	0	0
Construction and land development | Doubtful
Financing Receivable, Credit Quality Indicator [Line Items]
Financing receivable, gross	0	0
Consumer Portfolio Segment | Residential real estate
Financing Receivable, Credit Quality Indicator [Line Items]
Financing receivable, gross	371,469	379,534
Consumer Portfolio Segment | Residential real estate | Pass
Financing Receivable, Credit Quality Indicator [Line Items]
Financing receivable, gross	371,469	379,104
Consumer Portfolio Segment | Residential real estate | Special Mention
Financing Receivable, Credit Quality Indicator [Line Items]
Financing receivable, gross	0	430
Consumer Portfolio Segment | Residential real estate | Substandard
Financing Receivable, Credit Quality Indicator [Line Items]
Financing receivable, gross	0	0
Consumer Portfolio Segment | Residential real estate | Doubtful
Financing Receivable, Credit Quality Indicator [Line Items]
Financing receivable, gross	0	0
Consumer Portfolio Segment | Consumer and other
Financing Receivable, Credit Quality Indicator [Line Items]
Financing receivable, gross	16,744	9,689
Consumer Portfolio Segment | Consumer and other | Pass
Financing Receivable, Credit Quality Indicator [Line Items]
Financing receivable, gross	15,349	8,382
Consumer Portfolio Segment | Consumer and other | Special Mention
Financing Receivable, Credit Quality Indicator [Line Items]
Financing receivable, gross	88	0
Consumer Portfolio Segment | Consumer and other | Substandard
Financing Receivable, Credit Quality Indicator [Line Items]
Financing receivable, gross	1,307	1,307
Consumer Portfolio Segment | Consumer and other | Doubtful
Financing Receivable, Credit Quality Indicator [Line Items]
Financing receivable, gross	0	0
Commercial Portfolio Segment | Commercial real estate
Financing Receivable, Credit Quality Indicator [Line Items]
Financing receivable, gross	856,194	777,025
Commercial Portfolio Segment | Commercial real estate | Pass
Financing Receivable, Credit Quality Indicator [Line Items]
Financing receivable, gross	853,888	774,674
Commercial Portfolio Segment | Commercial real estate | Special Mention
Financing Receivable, Credit Quality Indicator [Line Items]
Financing receivable, gross	0	0
Commercial Portfolio Segment | Commercial real estate | Substandard
Financing Receivable, Credit Quality Indicator [Line Items]
Financing receivable, gross	2,306	2,351
Commercial Portfolio Segment | Commercial real estate | Doubtful
Financing Receivable, Credit Quality Indicator [Line Items]
Financing receivable, gross	0	0
Commercial Portfolio Segment | Commercial (Non-PPP)
Financing Receivable, Credit Quality Indicator [Line Items]
Financing receivable, gross	288,177	206,095
Commercial Portfolio Segment | Commercial (Non-PPP) | Pass
Financing Receivable, Credit Quality Indicator [Line Items]
Financing receivable, gross	286,334	196,856
Commercial Portfolio Segment | Commercial (Non-PPP) | Special Mention
Financing Receivable, Credit Quality Indicator [Line Items]
Financing receivable, gross	375	112
Commercial Portfolio Segment | Commercial (Non-PPP) | Substandard
Financing Receivable, Credit Quality Indicator [Line Items]
Financing receivable, gross	1,468	9,127
Commercial Portfolio Segment | Commercial (Non-PPP) | Doubtful
Financing Receivable, Credit Quality Indicator [Line Items]
Financing receivable, gross	0	0
Commercial Portfolio Segment | Commercial (PPP)
Financing Receivable, Credit Quality Indicator [Line Items]
Financing receivable, gross	85,133	185,748
Commercial Portfolio Segment | Commercial (PPP) | Pass
Financing Receivable, Credit Quality Indicator [Line Items]
Financing receivable, gross	85,133	185,748
Commercial Portfolio Segment | Commercial (PPP) | Special Mention
Financing Receivable, Credit Quality Indicator [Line Items]
Financing receivable, gross	0	0
Commercial Portfolio Segment | Commercial (PPP) | Substandard
Financing Receivable, Credit Quality Indicator [Line Items]
Financing receivable, gross	0	0
Commercial Portfolio Segment | Commercial (PPP) | Doubtful
Financing Receivable, Credit Quality Indicator [Line Items]
Financing receivable, gross	$ 0	$ 0

LOANS - Carrying Amount PCI Loa

LOANS - Carrying Amount PCI Loans and Accretable Yield (Details) - PCI loans - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2021	Dec. 31, 2020
Financing Receivable, Credit Quality Indicator [Line Items]
Carrying amount	$ 6,876	$ 4,883
Accretable yield or income expected to be collected
Balance at beginning of period	(630)
Adjustment of income	0
Accretion	296
Reclassifications from nonaccretable difference	(136)
Disposals	16
Balance at end of period	(454)
Construction and land development
Financing Receivable, Credit Quality Indicator [Line Items]
Carrying amount	0	3,732
Commercial Portfolio Segment | Commercial real estate
Financing Receivable, Credit Quality Indicator [Line Items]
Carrying amount	5,869	0
Commercial Portfolio Segment | Commercial Loan
Financing Receivable, Credit Quality Indicator [Line Items]
Carrying amount	556	746
Consumer Portfolio Segment | Residential real estate
Financing Receivable, Credit Quality Indicator [Line Items]
Carrying amount	$ 451	$ 405

LOANS - PCI Loans Deemed Uncoll

LOANS - PCI Loans Deemed Uncollectable (Details) - PCI loans - USD ($) $ in Thousands	Sep. 30, 2021	Dec. 31, 2020	Mar. 26, 2020
Financing Receivable, Credit Quality Indicator [Line Items]
Interest component of expected cash flows (accretable discount)	$ (454)	$ (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 (nonaccretable discount)			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 (nonaccretable discount)			2,297
Consumer and other | Marquis Bancorp, Inc
Financing Receivable, Credit Quality Indicator [Line Items]
Contractually required principal and interest by loan type			0
Contractual cash flows not expected to be collected (nonaccretable discount)			0
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 (nonaccretable discount)			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 (nonaccretable discount)			80
Commercial Portfolio Segment | Commercial Loan | 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 (nonaccretable discount)			$ 1,123

ALLOWANCE FOR LOAN LOSSES - Bal

ALLOWANCE FOR LOAN LOSSES - Balances (Details) - USD ($) $ in Thousands	9 Months Ended		12 Months Ended
	Sep. 30, 2021	Sep. 30, 2020	Dec. 31, 2020
Allowance for loan losses
Beginning balance	$ 16,259	$ 6,548	$ 6,548
Provision for loan losses	2,860	8,552	10,017
Loans charged-off	(7,641)		(306)
Recoveries	0		0
Ending balance	11,478		16,259
Construction and land development
Allowance for loan losses
Beginning balance	388	272	272
Provision for loan losses	(55)		116
Loans charged-off	0		0
Recoveries	0		0
Ending balance	333		388
Commercial Portfolio Segment | Commercial real estate
Allowance for loan losses
Beginning balance	3,159	1,845	1,845
Provision for loan losses	920		1,314
Loans charged-off	0		0
Recoveries	0		0
Ending balance	4,079		3,159
Commercial Portfolio Segment | Commercial Loan
Allowance for loan losses
Beginning balance	10,462	1,235	1,235
Provision for loan losses	1,276		9,326
Loans charged-off	(7,641)		(99)
Recoveries	0		0
Ending balance	4,097		10,462
Consumer Portfolio Segment | Residential real estate
Allowance for loan losses
Beginning balance	2,177	3,115	3,115
Provision for loan losses	45		(731)
Loans charged-off	0		(207)
Recoveries	0		0
Ending balance	2,222		2,177
Consumer Portfolio Segment | Consumer and other
Allowance for loan losses
Beginning balance	73	$ 81	81
Provision for loan losses	674		(8)
Loans charged-off	0		0
Recoveries	0		0
Ending balance	$ 747		$ 73

ALLOWANCE FOR LOAN LOSSES - All

ALLOWANCE FOR LOAN LOSSES - Allowance for Loans Losses and Loans (Details) - USD ($) $ in Thousands	Sep. 30, 2021	Dec. 31, 2020	Dec. 31, 2019
Allowance for loan losses
Individually evaluated for impairment	$ 1,322	$ 8,309
Purchased Credit Impaired (PCI) loans	0
Collectively evaluated for impairment	10,156	7,950
Total ending allowance balance	11,478	16,259	$ 6,548
Loans individually evaluated for impairment	5,308	13,084
Loans collectively evaluated for impairment	1,681,943	1,644,597
Total	1,687,251	1,657,681
Construction and land development
Allowance for loan losses
Individually evaluated for impairment	0	0
Purchased Credit Impaired (PCI) loans	0	0
Collectively evaluated for impairment	333	388
Total ending allowance balance	333	388	272
Loans individually evaluated for impairment	0	0
Loans collectively evaluated for impairment	69,534	99,590
Total	69,534	99,590
Commercial Portfolio Segment | Commercial real estate
Allowance for loan losses
Individually evaluated for impairment	0	0
Purchased Credit Impaired (PCI) loans	0	0
Collectively evaluated for impairment	4,079	3,159
Total ending allowance balance	4,079	3,159	1,845
Loans individually evaluated for impairment	2,306	2,351
Loans collectively evaluated for impairment	853,888	774,674
Total	856,194	777,025
Commercial Portfolio Segment | Commercial Loan
Allowance for loan losses
Individually evaluated for impairment	669	8,309
Purchased Credit Impaired (PCI) loans	0	0
Collectively evaluated for impairment	3,428	2,153
Total ending allowance balance	4,097	10,462	1,235
Loans individually evaluated for impairment	1,468	9,127
Loans collectively evaluated for impairment	371,842	382,716
Total	373,310	391,843
Consumer Portfolio Segment | Residential real estate
Allowance for loan losses
Individually evaluated for impairment	0	0
Purchased Credit Impaired (PCI) loans	0	0
Collectively evaluated for impairment	2,222	2,177
Total ending allowance balance	2,222	2,177	3,115
Loans individually evaluated for impairment	227	299
Loans collectively evaluated for impairment	371,242	379,235
Total	371,469	379,534
Consumer Portfolio Segment | Consumer and other
Allowance for loan losses
Individually evaluated for impairment	653	0
Purchased Credit Impaired (PCI) loans	0	0
Collectively evaluated for impairment	94	73
Total ending allowance balance	747	73	$ 81
Loans individually evaluated for impairment	1,307	1,307
Loans collectively evaluated for impairment	15,437	8,382
Total	$ 16,744	$ 9,689

DEPOSITS - Total Deposits (Deta

DEPOSITS - Total Deposits (Details) - USD ($) $ in Thousands	Sep. 30, 2021	Dec. 31, 2020
Ending Balance
NOW accounts	$ 328,667	$ 232,367
Money market accounts	893,441	679,761
Brokered deposits	56,418	30,137
Savings accounts	13,833	9,727
Certificates of deposit	262,998	231,953
Total interest-bearing deposits	1,555,357	1,183,945
Noninterest-bearing deposits	799,389	475,598
Total deposits	$ 2,354,746	$ 1,659,543
% of Total
NOW accounts	14.00%	14.00%
Money market accounts	37.90%	41.00%
Brokered deposits	2.40%	1.80%
Savings accounts	0.60%	0.60%
Certificates of deposit	11.20%	14.00%
Total interest-bearing deposits	66.10%	71.30%
Noninterest-bearing deposits	0.339	0.287
Total deposits	100.00%	100.00%

DEPOSITS - Maturities Exceeding

DEPOSITS - Maturities Exceeding the $250,000 FDIC Insurance Limit (Details) - USD ($) $ in Thousands	Sep. 30, 2021	Dec. 31, 2020
Time deposits of $250,000 or less
Three Months or Less	$ 13,123	$ 20,767
Over Three Through Six Months	18,043	13,258
Over Six Months Through 12 Months	57,678	24,805
Over 12 Months	6,444	19,240
Total	95,288	78,070
Time deposits of more than $250,000
Three Months or Less	25,539	40,189
Over Three Through Six Months	30,762	35,314
Over Six Months Through 12 Months	111,204	42,845
Over 12 Months	4,831	40,157
Total	172,336	158,505
Total
Three Months or Less	38,662	60,956
Over Three Through Six Months	48,805	48,572
Over Six Months Through 12 Months	168,882	67,650
Over 12 Months	11,275	59,397
Total	$ 267,624	$ 236,575

DEPOSITS - Narrative (Details)

DEPOSITS - Narrative (Details) - USD ($) $ in Thousands	Sep. 30, 2021	Dec. 31, 2020
Deposits [Abstract]
Deposits that meet or exceed the $250,000 FDIC insurance limit	$ 172,336	$ 158,505
Financial instruments pledged as collateral for certain deposits	28,700	54,700
Deposits that have been re-classified as loan balances	400	100
Deposits from principal officers, directors and their affiliates	22,400	12,100
Qualified Public Deposits ("QPD") that require collateral pledged	$ 77,800	$ 98,200

DEPOSITS - Maturities of Time D

DEPOSITS - Maturities of Time Deposits (Details) - USD ($) $ in Thousands	Sep. 30, 2021	Dec. 31, 2020
Time Deposits, Fiscal Year Maturity [Abstract]
Less than 1 year	$ 256,349	$ 177,178
Over 1 through 2 years	10,153	57,034
Over 2 through 3 years	1,082	1,658
Over 3 through 4 years	40	705
Over 4 through 5 years	0	0
Over 5 years	0	0
Total	$ 267,624	$ 236,575

DEBT (Details)

DEBT (Details) - USD ($)	Oct. 30, 2021	Mar. 26, 2020	Sep. 30, 2021	Jan. 07, 2021	Dec. 31, 2020	Dec. 19, 2019
Valley National Bank, N. A. | Line of Credit
Line of Credit Facility [Line Items]
Principal amount				$ 0
Line of credit maximum						$ 10,000,000
Line of credit			$ 0		$ 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 | Subsequent Events
Line of Credit Facility [Line Items]
Proceeds from notes payable	$ 10,000,000
Subordinated Debt. | Marquis Bancorp, Inc | London Interbank Offered Rate (LIBOR)
Line of Credit Facility [Line Items]
Variable rate		5.76%

BORROWINGS - Certain Informatio

BORROWINGS - Certain Information on FHLB Borrowings (Details) - USD ($) $ in Thousands	9 Months Ended	12 Months Ended
	Sep. 30, 2021	Dec. 31, 2020
Federal Home Loan Banks [Abstract]
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	$ 37,564	$ 58,210
Weighted average interest rate during period	2.00%	1.63%

BORROWINGS - Narrative (Details

BORROWINGS - Narrative (Details) - USD ($)	Sep. 30, 2021	Dec. 31, 2020
Federal Home Loan Banks [Abstract]
Maximum percentage of assets allowed to borrow	25.00%
Collateral amount	$ 238,700,000	$ 264,200,000
Amount outstanding at period-end	35,000,000	$ 40,000,000
Additional available borrowing capacity	129,300,000
Outstanding advances	0
Remaining outstanding	$ 0

COMMON STOCK AND PREFERRED ST_2

COMMON STOCK AND PREFERRED STOCK (Details) - $ / shares	9 Months Ended
	Sep. 30, 2021	Dec. 31, 2020
Class of Stock [Line Items]
Undesignated and unissued preferred stock (in shares)	10,000,000
Class A Voting Common Stock
Class of Stock [Line Items]
Common stock, par value (in dollars per share)	$ 0.01	$ 0.01
Common stock, authorized (in shares)	50,000,000	50,000,000
Common stock, outstanding (in shares)	13,416,667	13,534,829
Common stock issued (in shared)	229,417
Restricted stock grants (in shares)	134,856
Number of options exercised (in shares)	92,710
Number of shares repurchased (in shares)	341,367
Restricted stock, shares issued net of shares for tax withholdings (in shares)	3,210
Restricted stock cancellations (in shares)	3,002
Class A Voting Common Stock | Employee Stock
Class of Stock [Line Items]
Shares issued (in shares)	1,851
Class B Non-Voting Common stock
Class of Stock [Line Items]
Common stock, par value (in dollars per share)	$ 0.01	$ 0.01
Common stock, authorized (in shares)	10,000,000	10,000,000
Common stock, outstanding (in shares)	0	0

FAIR VALUE - Narrative (Details

FAIR VALUE - Narrative (Details) $ in Millions	9 Months Ended
	Sep. 30, 2021USD ($)
Fair Value Disclosures [Abstract]
Carrying value	$ 0.6
Net fair value of collateral	$ 0.6
Percentage of specific reserve amount	0.00%

FAIR VALUE - Assets Measured at

FAIR VALUE - Assets Measured at Fair Value on a Recurring and Nonrecurring Basis (Details) - USD ($) $ in Thousands	Sep. 30, 2021	Dec. 31, 2020
Fair Value
Securities available for sale	$ 113,680
Equity securities	6,703	$ 6,005
Mortgage-backed securities
Fair Value
Securities available for sale	50,927	28,922
United States agency obligations
Fair Value
Securities available for sale	2,079	3,122
Corporate bonds
Fair Value
Securities available for sale	1,509	2,510
Community Development District bonds
Fair Value
Securities available for sale	18,364	21,299
Municipals
Fair Value
Securities available for sale	1,098	1,099
Mutual Funds
Fair Value
Equity securities	5,903
Other equity securities
Fair Value
Equity securities	800
Fair Value, Recurring
Fair Value
Equity securities	6,703	6,005
Fair Value, Recurring | Available-for-sale - taxable
Fair Value
Securities available for sale	94,218	65,110
Fair Value, Recurring | Available-for-sale - tax exempt
Fair Value
Securities available for sale	19,462	22,398
Fair Value, Recurring | Small Business Administration loan pools | Available-for-sale - taxable
Fair Value
Securities available for sale	39,703	30,556
Fair Value, Recurring | Mortgage-backed securities | Available-for-sale - taxable
Fair Value
Securities available for sale	50,928	28,922
Fair Value, Recurring | United States agency obligations | Available-for-sale - taxable
Fair Value
Securities available for sale	2,078	3,122
Fair Value, Recurring | Corporate bonds | Available-for-sale - taxable
Fair Value
Securities available for sale	1,509	2,510
Fair Value, Recurring | Community Development District bonds | Available-for-sale - tax exempt
Fair Value
Securities available for sale	18,364	21,299
Fair Value, Recurring | Municipals | Available-for-sale - tax exempt
Fair Value
Securities available for sale	1,098	1,099
Fair Value, Recurring | Mutual Funds
Fair Value
Equity securities	5,903	6,005
Fair Value, Recurring | Other equity securities
Fair Value
Equity securities	800
Fair Value, Recurring | Quoted Prices in Active Markets for Identical Assets (Level 1)
Fair Value
Equity securities	6,703	6,005
Fair Value, Recurring | Quoted Prices in Active Markets for Identical Assets (Level 1) | Available-for-sale - taxable
Fair Value
Securities available for sale	0	0
Fair Value, Recurring | Quoted Prices in Active Markets for Identical Assets (Level 1) | Available-for-sale - tax exempt
Fair Value
Securities available for sale	0	0
Fair Value, Recurring | Quoted Prices in Active Markets for Identical Assets (Level 1) | Small Business Administration loan pools | Available-for-sale - taxable
Fair Value
Securities available for sale	0	0
Fair Value, Recurring | Quoted Prices in Active Markets for Identical Assets (Level 1) | Mortgage-backed securities | Available-for-sale - taxable
Fair Value
Securities available for sale	0	0
Fair Value, Recurring | Quoted Prices in Active Markets for Identical Assets (Level 1) | United States agency obligations | Available-for-sale - taxable
Fair Value
Securities available for sale	0	0
Fair Value, Recurring | Quoted Prices in Active Markets for Identical Assets (Level 1) | Corporate bonds | Available-for-sale - taxable
Fair Value
Securities available for sale	0	0
Fair Value, Recurring | Quoted Prices in Active Markets for Identical Assets (Level 1) | Community Development District bonds | Available-for-sale - tax exempt
Fair Value
Securities available for sale	0	0
Fair Value, Recurring | Quoted Prices in Active Markets for Identical Assets (Level 1) | Municipals | Available-for-sale - tax exempt
Fair Value
Securities available for sale	0	0
Fair Value, Recurring | Quoted Prices in Active Markets for Identical Assets (Level 1) | Mutual Funds
Fair Value
Equity securities	5,903	6,005
Fair Value, Recurring | Quoted Prices in Active Markets for Identical Assets (Level 1) | Other equity securities
Fair Value
Equity securities	800
Fair Value, Recurring | Significant Other Observable Inputs (Level 2)
Fair Value
Equity securities	0	0
Fair Value, Recurring | Significant Other Observable Inputs (Level 2) | Available-for-sale - taxable
Fair Value
Securities available for sale	94,218	65,110
Fair Value, Recurring | Significant Other Observable Inputs (Level 2) | Available-for-sale - tax exempt
Fair Value
Securities available for sale	19,462	22,398
Fair Value, Recurring | Significant Other Observable Inputs (Level 2) | Small Business Administration loan pools | Available-for-sale - taxable
Fair Value
Securities available for sale	39,703	30,556
Fair Value, Recurring | Significant Other Observable Inputs (Level 2) | Mortgage-backed securities | Available-for-sale - taxable
Fair Value
Securities available for sale	50,928	28,922
Fair Value, Recurring | Significant Other Observable Inputs (Level 2) | United States agency obligations | Available-for-sale - taxable
Fair Value
Securities available for sale	2,078	3,122
Fair Value, Recurring | Significant Other Observable Inputs (Level 2) | Corporate bonds | Available-for-sale - taxable
Fair Value
Securities available for sale	1,509	2,510
Fair Value, Recurring | Significant Other Observable Inputs (Level 2) | Community Development District bonds | Available-for-sale - tax exempt
Fair Value
Securities available for sale	18,364	21,299
Fair Value, Recurring | Significant Other Observable Inputs (Level 2) | Municipals | Available-for-sale - tax exempt
Fair Value
Securities available for sale	1,098	1,099
Fair Value, Recurring | Significant Other Observable Inputs (Level 2) | Mutual Funds
Fair Value
Equity securities	0	0
Fair Value, Recurring | Significant Other Observable Inputs (Level 2) | Other equity securities
Fair Value
Equity securities	0
Fair Value, Recurring | Significant Unobservable Inputs (Level 3)
Fair Value
Equity securities	0	0
Fair Value, Recurring | Significant Unobservable Inputs (Level 3) | Available-for-sale - taxable
Fair Value
Securities available for sale	0	0
Fair Value, Recurring | Significant Unobservable Inputs (Level 3) | Available-for-sale - tax exempt
Fair Value
Securities available for sale	0	0
Fair Value, Recurring | Significant Unobservable Inputs (Level 3) | Small Business Administration loan pools | Available-for-sale - taxable
Fair Value
Securities available for sale	0	0
Fair Value, Recurring | Significant Unobservable Inputs (Level 3) | Mortgage-backed securities | Available-for-sale - taxable
Fair Value
Securities available for sale	0	0
Fair Value, Recurring | Significant Unobservable Inputs (Level 3) | United States agency obligations | Available-for-sale - taxable
Fair Value
Securities available for sale	0	0
Fair Value, Recurring | Significant Unobservable Inputs (Level 3) | Corporate bonds | Available-for-sale - taxable
Fair Value
Securities available for sale	0	0
Fair Value, Recurring | Significant Unobservable Inputs (Level 3) | Community Development District bonds | Available-for-sale - tax exempt
Fair Value
Securities available for sale	0	0
Fair Value, Recurring | Significant Unobservable Inputs (Level 3) | Municipals | Available-for-sale - tax exempt
Fair Value
Securities available for sale	0	0
Fair Value, Recurring | Significant Unobservable Inputs (Level 3) | Mutual Funds
Fair Value
Equity securities	0	$ 0
Fair Value, Recurring | Significant Unobservable Inputs (Level 3) | Other equity securities
Fair Value
Equity securities	$ 0

FAIR VALUE - Customer Derivativ

FAIR VALUE - Customer Derivatives (Details) - Fair Value, Recurring $ in Thousands	Sep. 30, 2021USD ($)
Fair Value
Customer Derivatives - Interest Rate SWAPs Asset	$ 1,300
Customer Derivatives - Interest Rate SWAPs Liability	(1,300)
Total	0
Quoted Prices in Active Markets for Identical Assets (Level 1)
Fair Value
Customer Derivatives - Interest Rate SWAPs Asset	0
Customer Derivatives - Interest Rate SWAPs Liability	0
Total	0
Significant Other Observable Inputs (Level 2)
Fair Value
Customer Derivatives - Interest Rate SWAPs Asset	1,300
Customer Derivatives - Interest Rate SWAPs Liability	(1,300)
Total	0
Significant Unobservable Inputs (Level 3)
Fair Value
Customer Derivatives - Interest Rate SWAPs Asset	0
Customer Derivatives - Interest Rate SWAPs Liability	0
Total	$ 0

FAIR VALUE - Assets Measured _2

FAIR VALUE - Assets Measured at Fair Value on a Non-recurring Basis (Details) - USD ($) $ in Thousands	9 Months Ended	12 Months Ended
	Sep. 30, 2021	Dec. 31, 2020
Fair Value
Total Gains (Losses)	$ 600
Fair Value, Nonrecurring
Fair Value
Assets, fair value	1,453	$ 818
Total Gains (Losses)	(1,323)	(8,309)
Fair Value, Nonrecurring | Commercial real estate | Commercial Portfolio Segment
Fair Value
Assets, fair value	0	0
Total Gains (Losses)	0	0
Fair Value, Nonrecurring | Residential real estate | Consumer Portfolio Segment
Fair Value
Assets, fair value	0	0
Total Gains (Losses)	0	0
Fair Value, Nonrecurring | Commercial Loan | Commercial Portfolio Segment
Fair Value
Assets, fair value	799	818
Total Gains (Losses)	(669)	(8,309)
Fair Value, Nonrecurring | Construction and land development
Fair Value
Assets, fair value	0	0
Total Gains (Losses)	0	0
Fair Value, Nonrecurring | Consumer and other | Consumer Portfolio Segment
Fair Value
Assets, fair value	654	0
Total Gains (Losses)	(654)	0
Fair Value, Nonrecurring | Quoted Prices in Active Markets for Identical Assets (Level 1)
Fair Value
Assets, fair value	0	0
Fair Value, Nonrecurring | Quoted Prices in Active Markets for Identical Assets (Level 1) | Commercial real estate | Commercial Portfolio Segment
Fair Value
Assets, fair value	0	0
Fair Value, Nonrecurring | Quoted Prices in Active Markets for Identical Assets (Level 1) | Residential real estate | Consumer Portfolio Segment
Fair Value
Assets, fair value	0	0
Fair Value, Nonrecurring | Quoted Prices in Active Markets for Identical Assets (Level 1) | Commercial Loan | Commercial Portfolio Segment
Fair Value
Assets, fair value	0	0
Fair Value, Nonrecurring | Quoted Prices in Active Markets for Identical Assets (Level 1) | Construction and land development
Fair Value
Assets, fair value	0	0
Fair Value, Nonrecurring | Quoted Prices in Active Markets for Identical Assets (Level 1) | Consumer and other | Consumer Portfolio Segment
Fair Value
Assets, fair value	0	0
Fair Value, Nonrecurring | Significant Other Observable Inputs (Level 2)
Fair Value
Assets, fair value	0	0
Fair Value, Nonrecurring | Significant Other Observable Inputs (Level 2) | Commercial real estate | Commercial Portfolio Segment
Fair Value
Assets, fair value	0	0
Fair Value, Nonrecurring | Significant Other Observable Inputs (Level 2) | Residential real estate | Consumer Portfolio Segment
Fair Value
Assets, fair value	0	0
Fair Value, Nonrecurring | Significant Other Observable Inputs (Level 2) | Commercial Loan | Commercial Portfolio Segment
Fair Value
Assets, fair value	0	0
Fair Value, Nonrecurring | Significant Other Observable Inputs (Level 2) | Construction and land development
Fair Value
Assets, fair value	0	0
Fair Value, Nonrecurring | Significant Other Observable Inputs (Level 2) | Consumer and other | Consumer Portfolio Segment
Fair Value
Assets, fair value	0	0
Fair Value, Nonrecurring | Significant Unobservable Inputs (Level 3)
Fair Value
Assets, fair value	1,453	818
Fair Value, Nonrecurring | Significant Unobservable Inputs (Level 3) | Commercial real estate | Commercial Portfolio Segment
Fair Value
Assets, fair value	0	0
Fair Value, Nonrecurring | Significant Unobservable Inputs (Level 3) | Residential real estate | Consumer Portfolio Segment
Fair Value
Assets, fair value	0	0
Fair Value, Nonrecurring | Significant Unobservable Inputs (Level 3) | Commercial Loan | Commercial Portfolio Segment
Fair Value
Assets, fair value	799	818
Fair Value, Nonrecurring | Significant Unobservable Inputs (Level 3) | Construction and land development
Fair Value
Assets, fair value	0	0
Fair Value, Nonrecurring | Significant Unobservable Inputs (Level 3) | Consumer and other | Consumer Portfolio Segment
Fair Value
Assets, fair value	$ 654	$ 0

FAIR VALUE - Carrying Amount an

FAIR VALUE - Carrying Amount and Estimated Fair Value (Details) - USD ($) $ in Thousands	Sep. 30, 2021	Dec. 31, 2020
Financial Assets:
Securities, Available for Sale - taxable	$ 94,218	$ 65,110
Securities, Available for Sale - tax exempt	19,462	22,398
Securities held to maturity, fair value	269	1,561
Securities, Equity	6,703	6,005
Financial Liabilities:
Subordinated Debt	10,016	10,153
Other equity securities
Financial Assets:
Securities, Equity	800
Level 1, 2 & 3 | Carrying Amount
Financial Assets:
Accrued Interest Receivable	5,336	6,666
Level 1, 2 & 3 | Fair Value
Financial Assets:
Accrued Interest Receivable	5,336	6,666
Level 1 | Carrying Amount
Financial Assets:
Cash & Due from Banks, including interest bearing deposits	720,407	191,597
Federal Funds Sold	23,736	25,375
Securities, Equity	5,903	6,005
Loans Held For Sale	284	1,270
Level 1 | Carrying Amount | Other equity securities
Financial Assets:
Securities, Equity	800
Level 1 | Fair Value
Financial Assets:
Cash & Due from Banks, including interest bearing deposits	720,407	191,597
Federal Funds Sold	23,736	25,375
Securities, Equity	5,903	6,005
Loans Held For Sale	284	1,270
Level 1 | Fair Value | Other equity securities
Financial Assets:
Securities, Equity	800
Level 2 | Carrying Amount
Financial Assets:
Securities, Available for Sale - taxable	94,739	65,110
Securities, Available for Sale - tax exempt	18,854	22,398
Securities held to maturity, fair value	259	1,547
Bank Owned Life Insurance	38,204	37,360
Customer Derivatives - Interest Rate SWAPs	1,300
Financial Liabilities:
Deposits	2,354,746	1,659,543
Federal Home Loan Bank Advances	35,000	40,000
Subordinated Debt	10,016	10,153
PPPLF Advances		101,358
Loan Participations		13,215
Customer Derivatives - Interest Rate SWAPs	1,300
Accrued Interest Payable	266	546
Level 2 | Fair Value
Financial Assets:
Securities, Available for Sale - taxable	94,218	65,110
Securities, Available for Sale - tax exempt	19,462	22,398
Securities held to maturity, fair value	269	1,561
Bank Owned Life Insurance	38,204	37,360
Customer Derivatives - Interest Rate SWAPs	1,300
Financial Liabilities:
Deposits	2,325,899	1,693,331
Federal Home Loan Bank Advances	33,809	37,927
Subordinated Debt	10,016	10,153
PPPLF Advances		101,519
Loan Participations		13,215
Customer Derivatives - Interest Rate SWAPs	1,300
Accrued Interest Payable	266	546
Level 3 | Carrying Amount
Financial Assets:
Loans, net	1,675,773	1,641,422
Level 3 | Fair Value
Financial Assets:
Loans, net	$ 1,691,673	$ 1,653,401

CUSTOMER DERIVATIVES - INTERE_2

CUSTOMER DERIVATIVES - INTEREST RATE SWAPS (Details) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2021USD ($)item	Sep. 30, 2020USD ($)	Sep. 30, 2021USD ($)item	Sep. 30, 2020USD ($)
Derivative [Line Items]
Derivative notional amount	$ 69,700		$ 69,700
Swap fees	$ 208	$ 149	$ 781	$ 622
Swap
Derivative [Line Items]
Number of instruments held | item	8		8
Derivative notional amount	$ 69,700		$ 69,700
Swap fees			500
Derivative asset	1,300		1,300
Derivative liability	$ 1,300		$ 1,300

LOAN COMMITMENTS AND OTHER RE_3

LOAN COMMITMENTS AND OTHER RELATED ACTIVITIES (Details) - USD ($) $ in Thousands	Sep. 30, 2021	Dec. 31, 2020
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Credit extension commitments	$ 476,676	$ 410,620
Unfunded lines of credit
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Credit extension commitments	368,117	356,955
Commitments to extend credit
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Credit extension commitments	97,251	40,629
Letters of credit
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Credit extension commitments	$ 11,308	$ 13,036

REGULATORY CAPITAL MATTERS - Na

REGULATORY CAPITAL MATTERS - Narrative (Details)	Sep. 30, 2021item
Broker-Dealer, Net Capital Requirement, SEC Regulation [Abstract]
Capital Conversion Buffer - 2015	0.00%
Capital Conversion Buffer - 2019	2.50%
Capital Conversion Buffer - 2021	2.50%
Capital Conversion Buffer - 2020	2.50%
Number of classifications	5

REGULATORY CAPITAL MATTERS - Re

REGULATORY CAPITAL MATTERS - Required Amounts for Capital Adequacy (Details) $ in Thousands	Sep. 30, 2021USD ($)	Dec. 31, 2020USD ($)
Bank
Total Capital Amount
Actual amount	$ 206,776	$ 176,633
Minimum for capital adequacy amount	127,860	117,298
Minimum to be well capitalized amount	$ 159,824	$ 146,623
Total Capital Ratio
Actual ratio	12.9	12
Minimum for capital adequacy ratio	8	8
Minimum to be well capitalized ratio	10	10
Tier 1 Capital Amount
Actual amount	$ 194,377	$ 159,448
Minimum for capital adequacy amount	95,895	87,974
Minimum to be well capitalized amount	$ 127,860	$ 117,298
Tier 1 Capital Ratio
Actual ratio	12.2	10.9
Minimum for capital adequacy ratio	6	6
Minimum to be well capitalized ratio	8	8
Tier 1 Leverage Amount
Actual amount	$ 194,377	$ 159,448
Minimum for capital adequacy amount	101,353	75,723
Minimum to be well capitalized amount	$ 126,691	$ 94,654
Tier 1 Leverage Ratio
Actual ratio	7.7	8.4
Minimum for capital adequacy ratio	4	4
Minimum to be well capitalized ratio	5	5
Common Equity Tier 1 Amount
Actual amount	$ 194,377	$ 159,448
Minimum for capital adequacy amount	71,921	65,980
Minimum to be well capitalized amount	$ 103,886	$ 95,305
Common Equity Tier 1 Ratio
Actual ratio	12.2	10.9
Minimum for capital adequacy ratio	4.5	4.5
Minimum to be well capitalized ratio	6.5	6.5
Company
Total Capital Amount
Actual amount	$ 224,537	$ 215,977
Minimum for capital adequacy amount	$ 127,860	$ 117,298
Total Capital Ratio
Actual ratio	14	14.7
Minimum for capital adequacy ratio	8	8
Tier 1 Capital Amount
Actual amount	$ 202,122	$ 188,639
Minimum for capital adequacy amount	$ 95,895	$ 87,974
Tier 1 Capital Ratio
Actual ratio	12.6	12.9
Minimum for capital adequacy ratio	6	6
Tier 1 Leverage Amount
Actual amount	$ 202,122	$ 188,639
Minimum for capital adequacy amount	$ 101,353	$ 75,723
Tier 1 Leverage Ratio
Actual ratio	8	10
Minimum for capital adequacy ratio	4	4
Common Equity Tier 1 Amount
Actual amount	$ 202,122	$ 188,639
Minimum for capital adequacy amount	$ 71,921	$ 65,980
Common Equity Tier 1 Ratio
Actual ratio	12.6	12.9
Minimum for capital adequacy ratio	4.5	4.5

STOCK BASED COMPENSATION - Rest

STOCK BASED COMPENSATION - Restricted Stock (Details) - Restricted Stock $ / shares in Units, $ in Millions	9 Months Ended
	Sep. 30, 2021USD ($)$ / sharesshares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Weighted average exercise price (in dollars per share) | $ / shares	$ 16.87
Unrecognized compensation expense | $	$ 2.7
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 (in shares)	682,955
Number of shares granted (in shares)	227,590
Number of shares in reserve (in shares)	682,955
Available for grant (in shares)	455,365

LEASES - Narrative (Details)

LEASES - Narrative (Details) - USD ($) $ in Thousands	9 Months Ended	12 Months Ended
	Sep. 30, 2021	Dec. 31, 2020
Leases [Abstract]
Operating Lease, Right-of-Use Asset, Statement of Financial Position [Extensible List]	Premises and equipment, net	Premises and equipment, net
Operating Lease, Liability, Statement of Financial Position [Extensible List]	Accrued interest and other liabilities	Accrued interest and other liabilities
Lease liabilities arising from obtaining right of use assets	$ 200	$ 2,000
Lease liabilities	$ 5,457	$ 6,500

LEASES - Lease Cost (Details)

LEASES - Lease Cost (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2021	Sep. 30, 2020	Sep. 30, 2021	Sep. 30, 2020
Lease cost
Operating Lease and Interest Cost	$ 335	$ 507	$ 1,128	$ 1,264
Variable Lease Cost	106	120	305	369
Total Lease Cost	$ 441	$ 627	$ 1,433	$ 1,633

LEASES - Supplemental Cash Flow

LEASES - Supplemental Cash Flow (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2021	Sep. 30, 2020	Sep. 30, 2021	Sep. 30, 2020
Leases [Abstract]
Operating Lease - Operating Cash Flows (Fixed Payments)	$ 335	$ 508	$ 1,129	$ 1,264
Operating Lease - Operating Cash Flows (Liability Reduction)	123	612	1,044	1,281
New ROU Assets - Operating Leases	$ 165	$ 60	$ 165	$ 1,680
Weighted Average Lease Term (Years) - Operating Leases	5 years 3 days	5 years 10 months 6 days	5 years 3 days	5 years 10 months 6 days
Weighted Average Discount Rate - Operating Leases	3.13%	3.05%	3.13%	3.05%

LEASES - Maturity of Lease Liab

LEASES - Maturity of Lease Liabilities (Details) - USD ($) $ in Thousands	Sep. 30, 2021	Dec. 31, 2020
Operating lease payments due:
Within one year	$ 1,443
After one but within two years	1,426
After two but within three years	1,212
After three but within four years	1,097
After four years but within five years	766
After five years	620
Total undiscounted cash flows	6,564
Discount on cash flows	(1,107)
Total operating lease liabilities	$ 5,457	$ 6,500

SUBSEQUENT EVENTS (Details)

SUBSEQUENT EVENTS (Details) $ in Millions	Oct. 30, 2021USD ($)
Subsequent Events | Marquis Bancorp, Inc | Subordinated Debt.
Subsequent Events
Proceeds from notes payable	$ 10