Professional Holding (PFHD) 10-Q13 May 222022 Q1 Quarterly reportFinancial data

Company Profile

Cover

Cover - shares	3 Months Ended
Cover - shares	Mar. 31, 2022	May 06, 2022
Cover [Abstract]
Document Type	10-Q
Document Quarterly Report	true
Document Transition Report	false
Document Period End Date	Mar. 31, 2022
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		13,746,458
Amendment Flag	false
Entity Central Index Key	0001630856
Current Fiscal Year End Date	--12-31
Document Fiscal Year Focus	2022
Document Fiscal Period Focus	Q1

CONSOLIDATED BALANCE SHEETS (Un

CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($) $ in Thousands	Mar. 31, 2022	Dec. 31, 2021
ASSETS
Cash and due from banks	$ 45,792	$ 38,469
Interest earning deposits	671,845	545,521
Federal funds sold	24,089	13,477
Cash and cash equivalents	741,726	597,467
Securities available for sale, at fair value - taxable	175,758	175,536
Securities available for sale, at fair value - tax-exempt	30,446	18,765
Securities held to maturity (fair value March 31, 2022 – $214, December 31, 2021 – $242)	218	236
Equity securities	6,439	6,638
Loans, net of allowance of $13,555 and $12,704 as of March 31, 2022 and December 31, 2021, respectively	1,809,161	1,764,460
Loans held for sale	988	165
Premises and equipment, net	8,499	9,020
Bank owned life insurance	38,758	38,485
Goodwill and intangibles	25,698	25,766
Other assets	29,534	27,573
Total assets	2,867,225	2,664,111
Deposits
Demand – non-interest bearing	871,357	674,003
Demand – interest bearing	356,600	310,362
Money market and savings	1,103,472	1,121,330
Time deposits	255,848	265,693
Total deposits	2,587,277	2,371,388
Federal Home Loan Bank advances	5,000	35,000
Official checks	6,144	4,125
Other borrowings	0	10,000
Subordinated debt	24,409	0
Accrued interest and other liabilities	14,622	12,074
Total liabilities	2,637,452	2,432,587
Stockholders’ equity
Preferred stock, 10,000,000 shares authorized, none issued	0	0
Treasury stock, at cost	(16,201)	(16,003)
Additional paid-in capital	214,351	212,012
Retained earnings	38,539	36,120
Accumulated other comprehensive income (loss)	(7,062)	(749)
Total stockholders’ equity	229,773	231,524
Total liabilities and stockholders' equity	2,867,225	2,664,111
Class A Voting Common Stock
Stockholders’ equity
Common stock	146	144
Class B Non-Voting Common stock
Stockholders’ equity
Common stock	$ 0	$ 0

CONSOLIDATED BALANCE SHEETS (_2

CONSOLIDATED BALANCE SHEETS (Unaudited) (Parenthetical) - USD ($) $ in Thousands	Mar. 31, 2022	Dec. 31, 2021
Securities held to maturity, fair value	$ 214	$ 242
Loan allowance	$ 13,555	$ 12,704
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)	14,623,395	14,393,750
Common stock, outstanding (in shares)	13,665,801	13,446,400
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 (LOSS) (Unaudited) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Interest income
Loans, including fees	$ 19,780	$ 19,233
Investment securities - taxable	638	179
Investment securities - tax-exempt	213	203
Dividend income on restricted stock	97	95
Other	294	62
Total interest income	21,022	19,772
Interest expense
Deposits	1,586	1,317
Federal Home Loan Bank advances	134	196
Subordinated debt	232	130
Other borrowings	23	250
Total interest expense	1,975	1,893
Net interest income	19,047	17,879
Provision for loan losses	851	1,038
Net interest income after provision for loan losses	18,196	16,841
Non-interest income
Service charges on deposit accounts	517	395
Income from bank owned life insurance	273	282
SBA origination fees	0	145
Swap fee income	112	209
Loans held for sale income	71	75
Gain on sale and call of securities	0	1
Other	300	12
Total non-interest income	1,273	1,119
Non-interest expense
Salaries and employee benefits	11,220	6,784
Occupancy and equipment	1,002	1,102
Data processing	314	290
Marketing	196	153
Professional fees	919	628
Acquisition expenses	0	684
Regulatory assessments	549	349
Other	2,295	1,798
Total non-interest expense	16,495	11,788
Income before income taxes	2,974	6,172
Income tax provision	555	1,387
Net income	$ 2,419	$ 4,785
Earnings per share:
Basic (in dollars per share)	$ 0.18	$ 0.36
Diluted (in dollars per share)	$ 0.17	$ 0.34
Other comprehensive income:
Unrealized holding gain (loss) on securities available for sale	$ (8,468)	$ (289)
Tax effect	2,155	71
Other comprehensive gain (loss), net of tax	(6,313)	(218)
Comprehensive income (loss)	$ (3,894)	$ 4,567

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, 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]
Employee stock purchase plan (in Shares)		873
Employee stock purchase plan	16			16
Stock based compensation (in shares)		0
Stock based compensation	324	$ 0		324
Exercise of stock options (in shares)		52,845
Exercise of stock options	437	$ 1		436
Restricted stock issued (in shares)		127,499
Restricted stock issued	1	$ 1
Treasury stock, net of reissuance (in shares)		(54,479)
Treasury stock, net of reissuance	(879)		(878)	(1)
Net income	4,785				4,785
Other comprehensive income	(218)					(218)
Ending balance (in shares) at Mar. 31, 2021		13,661,567
Ending balance at Mar. 31, 2021	220,031	$ 143	(10,087)	209,770	19,541	664
Beginning balance (in shares) at Dec. 31, 2021		13,446,400
Beginning balance at Dec. 31, 2021	231,524	$ 144	(16,003)	212,012	36,120	(749)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Stock based compensation (in shares)		0
Stock based compensation	1,724			1,724
Exercise of stock options (in shares)		58,998
Exercise of stock options	617	$ 1		616
Restricted stock issued (in shares)		170,647
Restricted stock issued	0	$ 1		(1)
Treasury stock, net of reissuance (in shares)		(10,244)
Treasury stock, net of reissuance	(198)		(198)	0
Net income	2,419				2,419
Other comprehensive income	(6,313)					(6,313)
Ending balance (in shares) at Mar. 31, 2022		13,665,801
Ending balance at Mar. 31, 2022	$ 229,773	$ 146	$ (16,201)	$ 214,351	$ 38,539	$ (7,062)

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Cash flows from operating activities
Net income	$ 2,419	$ 4,785
Adjustments to reconcile net income to net cash provided by operating activities:
Provision for loan losses	851	1,038
Amortization of purchase accounting adjustments	(1,629)	(1,255)
Depreciation and amortization	616	995
Gain on call of securities	0	(1)
Equity unrealized change in market value	199	91
Net amortization of securities	386	568
Net amortization of deferred loan fees	(1,534)	(2,802)
Originations of loans held for sale	(5,226)	(2,338)
Proceeds from sales of loans held for sale	4,403	0
Income from bank-owned life insurance	(273)	(282)
Loss on disposal of premises and equipment	0	137
Employee stock purchase plan	0	16
Stock compensation	2,339	325
Changes in operating assets and liabilities:
Accrued interest payable (receivable)	(253)	155
Other assets	(34)	(2,136)
Official checks, accrued interest, interest payable and other liabilities	4,605	(113)
Net cash provided by (used in) operating activities	6,869	(817)
Cash flows from investing activities
Proceeds from maturities and paydowns of securities available for sale	7,870	5,733
Proceeds from calls of securities available for sale	0	1,514
Proceeds from paydowns of securities held to maturity	17	29
Purchase of securities available for sale	(28,626)	0
Loans originations, net of principal repayments	(42,480)	(70,834)
Redemption of Federal Reserve Bank stock	(312)	0
Purchase of Federal Home Loan Bank Stock	0	(182)
Net redemption of Federal Home Loan Bank Stock	793	700
Purchases of premises and equipment, net	(128)	(779)
Net cash used in investing activities	(62,866)	(63,819)
Cash flows from financing activities
Net increase in deposits	216,012	246,462
Proceeds from issuance of stock, net of issuance costs	2	437
Purchase of treasury stock	(198)	(879)
Repayments of Federal Home Loan advances	(30,000)	0
Net proceeds from issuance of subordinated notes payable	24,440	0
Repayment of line of credit	(10,000)	0
Repayments of PPPLF advances	0	(74,627)
Net cash provided by financing activities	200,256	171,393
Increase in cash and cash equivalents	144,259	106,757
Cash and cash equivalents at beginning of period	597,467	216,972
Cash and cash equivalents at end of period	741,726	323,729
Supplemental cash flow information:
Cash paid during the period for interest	2,135	2,203
Cash paid during the period for taxes	7,491	0
Supplemental noncash disclosures:
Recognition of participation loans as secured borrowings	$ 0	$ 732

SUMMARY OF SIGNIFICANT ACCOUNTI

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	3 Months Ended
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	Mar. 31, 2022
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 three months ended March 31, 2022, are not necessarily indicative of the results that may be expected for the year ending December 31, 2022, 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, 2021. 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. 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 2022-02, Financial Instruments – Credit Losses (Topic 326) Description In March 2022, FASB issued ASU 2022-02 which eliminates the guidance on troubled debt restructurings and requires entities to evaluate all loan modifications to determine if they result in a new loan or a continuation of the existing loan. ASU 2022-02 also requires that entities disclose current-period gross charge-offs by year of origination for loans and leases. Date of Adoption ASU 2022-02 is effective January 1, 2023. Effect on the Consolidated Financial Statements This ASU will have an impact on our financial statement disclosures.

EARNINGS PER SHARE

EARNINGS PER SHARE	3 Months Ended
EARNINGS PER SHARE	Mar. 31, 2022
Earnings Per Share [Abstract]
EARNINGS PER SHARE	EARNINGS PER SHAREBasic 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 (Dollar amounts in thousands, except per share data) March 31, March 31, Basic earnings per share: Net income $ 2,419 $ 4,785 Total weighted average common stock outstanding 13,345,565 13,442,359 Net income per share $ 0.18 $ 0.36 Diluted earnings per share: Net income $ 2,419 $ 4,785 Total weighted average common stock outstanding 13,345,565 13,442,359 Add: dilutive effect of employee restricted stock and options 613,807 478,915 Total weighted average diluted stock outstanding 13,959,372 13,921,274 Net income per share $ 0.17 $ 0.34 Anti-dilutive restricted stock and options 36,422 403,000

SECURITIES

SECURITIES	3 Months Ended
SECURITIES	Mar. 31, 2022
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 March 31, 2022, and December 31, 2021, and the corresponding amounts of gross unrealized gains and losses recognized in accumulated other comprehensive loss and gross unrecognized gains and losses: (Dollars in thousands) Amortized Gross Gross Fair Value March 31, 2022 Available for sale - taxable Small Business Administration loan pools $ 37,713 $ 15 $ (529) $ 37,199 Mortgage-backed securities 142,815 1 (8,601) 134,215 United States agency obligations 2,943 6 (116) 2,833 Corporate bonds 1,500 11 — 1,511 Total available for sale - taxable $ 184,971 $ 33 $ (9,246) $ 175,758 Available for sale - tax-exempt Community Development District bonds $ 29,645 $ 194 $ (428) $ 29,411 Municipals 1,047 — (12) 1,035 Total available for sale - tax-exempt $ 30,692 $ 194 $ (440) $ 30,446 Amortized Gross Gross Fair Value Held to Maturity Mortgage-backed securities $ 218 $ 1 $ (5) $ 214 Total Held to Maturity $ 218 $ 1 $ (5) $ 214 Amortized Gross Gross Fair Value Equity Mutual Funds $ 5,639 $ — $ — $ 5,639 Other equity securities 800 — — 800 Total Equity $ 6,439 $ — $ — $ 6,439 (Dollars in thousands) Amortized Gross Gross Fair December 31, 2021 Available for sale - taxable Small Business Administration loan pools $ 40,368 $ 38 $ (472) $ 39,934 Mortgage-backed securities 131,273 70 (1,240) 130,103 United States agency obligations 3,939 54 (7) 3,986 Corporate bonds 1,500 13 — 1,513 Total available for sale - taxable $ 177,080 $ 175 $ (1,719) $ 175,536 Available for sale - tax-exempt Community development district bonds $ 17,163 $ 512 $ (1) $ 17,674 Municipals 1,051 40 — 1,091 Total available for sale - tax-exempt $ 18,214 $ 552 $ (1) $ 18,765 Amortized Gross Gross Fair Held to Maturity Mortgage backed securities $ 236 $ 6 $ — $ 242 Total held to maturity $ 236 $ 6 $ — $ 242 Amortized Gross Gross Fair Value Equity Mutual funds $ 5,838 $ — $ — $ 5,838 Other equity securities 800 — — 800 Total equity $ 6,638 $ — $ — $ 6,638 As of March 31, 2022, and December 31, 2021, corporate bonds were comprised of investments in the financial services industry. During the three months ended March 31, 2022, the net investment portfolio increased by $11.7 million primarily due to purchases of approximately $28.6 million in mortgage-backed securities ("MBS") and community development district bonds ("CDD"), partially offset by $8.2 million in investment calls, redemptions and paydowns, coupled with unrealized losses of $8.5 million during the quarter with a related tax effect of $2.2 million. Proceeds from the maturity and redemption of securities during the three months ended March 31, 2022, were $8.2 million, with no gross realized gains or losses. Proceeds from the maturity and redemption of securities during the three months ended March 31, 2021, were $1.5 million, with gross realized gains of $1 thousand. Total securities pledged as of March 31, 2022, and December 31, 2021, were $2.1 million and $2.4 million, respectively, which included securities pledged for derivative swap transactions and pledged for public funds. 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 March 31, 2022, are as follows: March 31, 2022 (Dollars in thousands) Amortized Fair Available for sale Due in one year or less $ 5,734 $ 5,716 Due after one year through five years 22,236 22,208 Due after five years through ten years 7,165 6,866 Due after ten years — — Subtotal $ 35,135 $ 34,790 Small Business Administration loan pools $ 37,713 $ 37,199 Mortgage-backed securities 142,815 134,215 Total available for sale $ 215,663 $ 206,204 Held to maturity Mortgage-backed securities $ 218 $ 214 Total held to maturity $ 218 $ 214 On March 31, 2022, and December 31, 2021, 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 March 31, 2022, and December 31, 2021, the number of investment positions that are in an unrealized loss position were 155 and 92, 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 March 31, 2022, and December 31, 2021, 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 (Dollars in thousands) Fair Unrealized Fair Unrealized Fair Unrealized March 31, 2022 Available for sale - taxable Small Business Administration loan pools $ 19,363 $ (371) $ 13,711 $ (158) $ 33,074 $ (529) Mortgage-backed securities 132,409 (8,412) 1,637 (189) 134,046 (8,601) United States agency obligations 1,824 (116) — — 1,824 (116) Total available for sale - taxable $ 153,596 $ (8,899) $ 15,348 $ (347) $ 168,944 $ (9,246) Available for sale - tax-exempt Community Development District bonds $ 14,788 $ (428) $ — $ — $ 14,788 $ (428) Municipals 1,036 (12) — — 1,036 (12) Total available for sale - tax-exempt $ 15,824 $ (440) $ — $ — $ 15,824 $ (440) December 31, 2021 Available for sale - taxable Small Business Administration loan pools $ 17,428 $ (335) $ 14,872 $ (136) $ 32,300 $ (471) Mortgage-backed securities 109,621 (1,168) 1,710 (73) 111,331 (1,241) United States agency obligations 1,930 (7) — — 1,930 (7) Total available for sale - taxable $ 128,979 $ (1,510) $ 16,582 $ (209) $ 145,561 $ (1,719) Available for sale - tax-exempt Community Development District bonds $ 809 $ (1) $ — $ — $ 809 $ (1) Total available for sale - tax-exempt $ 809 $ (1) $ — $ — $ 809 $ (1) 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 during the three months ended March 31, 2022, or 2021.

LOANS

LOANS	3 Months Ended
LOANS	Mar. 31, 2022
Receivables [Abstract]
LOANS	LOANS Loans on March 31, 2022, and December 31, 2021, were as follows: (Dollars in thousands) March 31, 2022 December 31, 2021 Loans held for investment: Commercial real estate $ 931,904 $ 902,654 Residential real estate 381,182 377,511 Commercial (non-PPP) 357,124 325,415 Commercial (PPP) 31,097 58,615 Construction and land development 98,984 91,520 Consumer and other 22,425 21,449 Total loans held for investment, gross 1,822,716 1,777,164 Allowance for loan losses (13,555) (12,704) Loans held for investment, net $ 1,809,161 $ 1,764,460 Loans held for sale: Loans held for sale $ 988 $ 165 Total loans held for sale $ 988 $ 165 The recorded investment in loans excludes accrued interest receivable due to immateriality. On March 31, 2022, and December 31, 2021, there were $236.6 million and $235.3 million, respectively in total loans pledged to the Federal Home Loan Bank (“FHLB”). Loan premiums for loans purchased are amortized over the life of the loan with acceleration upon the increase in principal paydowns or payoffs. On March 31, 2022, and December 31, 2021, loan premiums for purchased loans were $0.3 million and $0.4 million, respectively. There are no loans over 90 days past due and accruing as of March 31, 2022, or December 31, 2021. The following table presents the aging of the recorded investment in past due loans as of March 31, 2022, and December 31, 2021, by class of loans: (Dollars in thousands) 30 – 59 60 – 89 Greater than Nonaccrual Total Loans Not Total March 31, 2022 Commercial real estate $ — $ — $ — $ — $ — $ 931,904 $ 931,904 Residential real estate — — — — — 381,182 381,182 Commercial (non-PPP) 430 — — 1,468 1,898 355,227 357,124 Commercial (PPP) — 163 — — 163 30,934 31,097 Construction and land development — — — — — 98,984 98,984 Consumer and other — — — 654 654 21,771 22,425 Total $ 430 $ 163 $ — $ 2,122 $ 2,715 $ 1,820,002 $ 1,822,716 (Dollars in thousands) 30 – 59 60 – 89 Greater than Nonaccrual Total Loans Not Total December 31, 2021 Commercial real estate $ 292 $ — $ — $ — $ 292 $ 902,362 $ 902,654 Residential real estate — — — — — 377,511 377,511 Commercial (non-PPP) 449 — — 1,468 1,917 323,498 325,415 Commercial (PPP) 7 — — — 7 58,608 58,615 Construction and land development — — — — — 91,520 91,520 Consumer and other — — — 654 654 20,795 21,449 Total $ 748 $ — $ — $ 2,122 $ 2,870 $ 1,774,294 $ 1,777,164 Troubled Debt Restructurings: The principal carrying balances of loans that met the criteria for consideration as troubled debt restructurings (“TDR”) were $14 thousand and $55 thousand as of March 31, 2022, and December 31, 2021, respectively. The Company has allocated no specific reserves to customers whose loan terms have been modified in troubled debt restructurings as of March 31, 2022, and December 31, 2021. 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 March 31, 2022 Commercial real estate $ 929,624 $ — $ 2,280 $ — $ 931,904 Residential real estate 381,182 — — — 381,182 Commercial (non-PPP) 355,565 91 1,468 — 357,124 Commercial (PPP) 31,097 — — — 31,097 Construction and land development 98,984 — — — 98,984 Consumer 21,693 78 — 654 22,425 Total $ 1,818,145 $ 169 $ 3,748 $ 654 $ 1,822,716 December 31, 2021 Commercial real estate $ 900,364 $ — $ 2,290 $ — $ 902,654 Residential real estate 377,511 — — — 377,511 Commercial (non-PPP) 323,657 290 1,468 — 325,415 Commercial (PPP) 58,615 — — — 58,615 Construction and land development 91,520 — — — 91,520 Consumer 20,712 83 — 654 21,449 Total $ 1,772,379 $ 373 $ 3,758 $ 654 $ 1,777,164 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) March 31, December 31, 2021 Commercial real estate $ 5,822 $ 5,845 Residential real estate — 89 Commercial 205 410 Construction and development — — Consumer and other loans — — Carrying amount $ 6,027 $ 6,344 Accretable yield for all purchased credit impaired loans were as follows for the three months ended March 31, 2022: (Dollars in thousands) 2022 2021 Balance at January 1 (573) (630) New loans purchased — — Adjustment of income — — Accretion 77 89 Reclassifications from nonaccretable difference (303) — Disposals 373 — Balance on March 31 $ (426) $ (541) For those purchased credit impaired loans disclosed above, no allowances for loan losses were recorded or reversed during the three months ended March 31, 2022. Non-Performing Assets As of March 31, 2022, the Company had nonperforming assets of $2.1 million, or 0.07% of total assets, compared to nonperforming assets of $2.1 million, or 0.08% of total assets, on December 31, 2021. 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. There were no charge-offs for the three months ended March 31, 2022, compared to a partial charge-off of $7.6 million for the three months ended March 31, 2021 on a commercial loan that was previously reserved during the three months ended September 2020.

ALLOWANCE FOR LOAN LOSSES

ALLOWANCE FOR LOAN LOSSES	3 Months Ended
ALLOWANCE FOR LOAN LOSSES	Mar. 31, 2022
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 three months ended March 31, 2022, and 2021. (Dollars in thousands) Commercial Residential Commercial Construction and Land Development Consumer Total March 31, 2022 Allowance for loan losses: Beginning balance $ 4,471 $ 2,339 $ 4,637 $ 471 $ 786 $ 12,704 Provision for loan losses 264 43 496 40 8 851 Loans charged-off — — — — — — Recoveries — — — — — — Total ending allowance balance $ 4,735 $ 2,382 $ 5,133 $ 511 $ 794 $ 13,555 (Dollars in thousands) Commercial Residential Commercial Construction Consumer Total March 31, 2021 Allowance for loan losses: Beginning balance $ 3,159 $ 2,177 $ 10,462 $ 388 $ 73 $ 16,259 Provision for loan losses 323 11 700 16 (12) 1,038 Loans charged-off — — (7,641) — — (7,641) Recoveries — — — — — — Total ending allowance balance $ 3,482 $ 2,188 $ 3,521 $ 404 $ 61 $ 9,656 (Dollars in thousands) Commercial Residential Commercial Construction Consumer Total March 31, 2022 Allowance for loan losses: Ending allowance balance attributable to loans Individually evaluated for impairment $ — $ — $ 689 $ — $ 654 $ 1,343 Purchased Credit Impaired (PCI) loans — — — — — — Collectively evaluated for impairment 4,735 2,382 4,444 511 140 12,212 Total ending allowance balance $ 4,735 $ 2,382 $ 5,133 $ 511 $ 794 $ 13,555 Loans: Loans individually evaluated for impairment $ 2,280 $ — $ 1,468 $ — $ 654 $ 4,402 Loans collectively evaluated for impairment 929,624 381,182 386,753 98,984 21,771 1,818,314 Total ending loans balance $ 931,904 $ 381,182 $ 388,221 $ 98,984 $ 22,425 $ 1,822,716 December 31, 2021 Allowance for loan losses: Ending allowance balance attributable to loans Individually evaluated for impairment $ — $ — $ 671 $ — $ 654 $ 1,325 Purchased Credit Impaired (PCI) loans — — — — — — Collectively evaluated for impairment 4,471 2,339 3,966 471 132 11,379 Total ending allowance balance $ 4,471 $ 2,339 $ 4,637 $ 471 $ 786 $ 12,704 Loans: Loans individually evaluated for impairment $ 2,290 $ — $ 1,468 $ — $ 654 $ 4,412 Loans collectively evaluated for impairment 900,364 377,511 382,562 91,520 20,795 1,772,752 Total ending loans balance $ 902,654 $ 377,511 $ 384,030 $ 91,520 $ 21,449 $ 1,777,164

DEPOSITS

DEPOSITS	3 Months Ended
DEPOSITS	Mar. 31, 2022
Deposits [Abstract]
DEPOSITS	DEPOSITS The Company’s total deposits are comprised of the following at the dates indicated: March 31, 2022 December 31, 2021 (Dollars in thousands) Ending % of Total Ending % of Total NOW accounts $ 356,600 13.8% $ 310,362 13.1% Money market accounts 1,037,795 40.1% 1,055,033 44.5% Brokered deposits 57,908 2.2% 58,365 2.5% Savings accounts 12,397 0.5% 12,558 0.5% Certificates of deposit 251,220 9.7% 261,067 11.0% Total interest-bearing deposits 1,715,920 66.3% 1,697,385 71.6% Noninterest-bearing deposits 871,357 33.7% 674,003 28.4% Total deposits $ 2,587,277 100.0% $ 2,371,388 100.0% _______________________________________________ (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 March 31, 2022. (Dollars in thousands) Three Over Over Six Over Total Time deposits of $250,000 or less $ 26,833 $ 35,643 $ 21,692 $ 4,452 $ 88,620 Time deposits of more than $250,000 55,027 64,859 44,322 3,020 167,228 Total $ 81,860 $ 100,502 $ 66,014 $ 7,472 $ 255,848 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, 2021. (Dollars in thousands) Three Over Over Six Over Total Time deposits of $250,000 or less $ 17,431 $ 26,721 $ 44,373 $ 4,631 $ 93,156 Time deposits of more than $250,000 32,058 54,429 83,290 2,760 172,537 Total $ 49,489 $ 81,150 $ 127,663 $ 7,391 $ 265,693 As of March 31, 2022, and December 31, 2021, the Company had time deposits that exceed the $250,000 FDIC insurance limit of $167.2 million and $172.5 million, respectively. Securities, mortgage loans or other financial instruments pledged as collateral for certain deposits were $28.7 million, and $28.7 million on March 31, 2022, and December 31, 2021, respectively. The aggregate amount of demand deposits that have been re-classified as loan balances on March 31, 2022, and December 31, 2021, were $0.8 million, and $0.4 million, respectively. Deposits from principal officers, directors and their affiliates at March 31, 2022, and December 31, 2021, were $16.1 million and $18.9 million, respectively. For time deposits having a remaining term of more than on year, the aggregate amount of maturities for each of the five years at the dates indicated. (Dollars in thousands) March 31, 2022 December 31, 2021 1 year or less $ 248,376 $ 258,302 Over 1 through 2 years 7,345 6,669 Over 2 through 3 years 127 722 Over 3 through 4 years — — Over 4 through 5 years — — Over 5 years — — Total $ 255,848 $ 265,693

DEBT AND BORROWINGS

DEBT AND BORROWINGS	3 Months Ended
DEBT AND BORROWINGS	Mar. 31, 2022
Debt Disclosure [Abstract]
DEBT AND BORROWINGS	DEBT AND BORROWINGS Subordinated Debt . On January 13, 2022, the Company completed a private placement of $25.0 million in fixed-to-floating rate subordinated notes payable due 2032. The Notes will bear interest at a fixed annual rate of 3.38% for the first five years and will reset quarterly thereafter to the then current three-month Secured Overnight Financing Rate (SOFR) plus 203 basis points. The Notes are redeemable by the Company at its option, in whole or in part, on or after the fifth anniversary of the issue date. The Company used the net proceeds from the sale of the subordinate notes for general corporate purposes. Valley National Line of Credit . The Company maintains a $25.0 million secured revolving line of credit with Valley National Bank, N.A with a maturity date of March 1, 2023. 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 March 31, 2022, and December 31, 2021, there were $0 and $10.0 million outstanding borrowings under this line of credit. The Company uses short-term and long-term borrowings to supplement deposits to fund lending and investment activities. Federal Home Loan Bank Advances 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 March 31, 2022, approximately $236.6 million in total loans 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 March 31, 2022, we had $5.0 million in outstanding advances, $28.7 million in outstanding letters of credit, and $145.2 million in additional available borrowing capacity from the FHLB based on the collateral that we have currently pledged. (Dollars in thousands) March 31, December 31, Amount outstanding at period-end $ 5,000 $ 35,000 Weighted average interest rate at period-end 0.81% 2.04% Maximum month-end balance during period $ 35,000 $ 35,000 Average balance outstanding during period $ 26,333 $ 36,918 Weighted average interest rate during period 2.04% 2.01% 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. There were no advances outstanding under this facility as of March 31, 2022 and December 31, 2021.

COMMON STOCK AND PREFERRED STOC

COMMON STOCK AND PREFERRED STOCK	3 Months Ended
COMMON STOCK AND PREFERRED STOCK	Mar. 31, 2022
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 March 31, 2022, there are 50,000,000 shares authorized as Class A voting common stock of which 13,665,801 are outstanding. During the three months ended March 31, 2022, the Company issued 230,312 shares of Class A voting common stock, inclusive of 170,647 shares of restricted stock grants and 59,665 shares of options exercised. During the three months ended March 31, 2022, treasury shares increased 10,244 in connection with the net settlement of equity awards exercised or vested for tax purposes and had 667 in restricted stock cancellations. During the three months ended March 31, 2021, the Company repurchased 54,479 shares of Class A voting common stock, inclusive of 3,210 shares in connection with the net settlement of equity awards exercised or vested for tax purposes. The Company did not repurchase any shares for the three months ended March 31, 2022. Class B Non-voting Common Stock The Company has authorized Class B non-voting common stock with a par value of $0.01 per share. As of March 31, 2022, and December 31, 2021, there are 10,000,000 shares authorized as Class B non-voting common stock, none of which were outstanding. Preferred Stock The Company has 10,000,000 shares of undesignated and unissued preferred stock.

FAIR VALUE

FAIR VALUE	3 Months Ended
FAIR VALUE	Mar. 31, 2022
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 March 31, 2022, and December 31, 2021, 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. Subordinated debt: The fair value was determined by using a discounted cash flow method using a market participant discount rate for similar instruments. Line of credit: The carrying amounts of the line of credit approximate their fair values. 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. Interest rate swaps: The fair value of interest rate swaps is estimated using inputs that are observable or that can be corroborated by observable market data and therefore are classified as Level 2. The fair value estimations include primarily market observable inputs. There were no securities reclassified into or out of Level 3 during the three months ended March 31, 2022, or for the year ended December 31, 2021. Assets and Liabilities Measured at Fair Value on a Recurring Basis: Assets and liabilities measured at fair value on a recurring basis, are summarized below: Fair Value Measurements on March 31, 2022 Using: (Dollars in thousands) Fair Quoted Prices in Significant Significant ASSETS: Securities available for sale - taxable Small Business Administration loan pools $ 37,199 $ — $ 37,199 $ — Mortgage-backed securities 134,215 — 134,215 — United States agency obligations 2,833 — 2,833 — Corporate bonds 1,511 — 1,511 — Securities available for sale - tax-exempt Community Development District bonds 29,411 — 29,411 — Municipals 1,035 — 1,035 — Equity securities Mutual funds $ 5,639 $ 5,639 $ — $ — Other equity securities 800 800 — — Loans held for sale $ 988 $ 988 $ — $ — Customer derivatives - interest rate swaps $ 1,912 $ — $ 1,912 $ — LIABILITIES: Customer derivatives - interest rate swaps $ 1,912 $ — $ 1,912 $ — Fair Value Measurements on December 31, 2021 Using: (Dollars in thousands) Fair Quoted Prices in Significant Significant ASSETS: Securities available for sale - taxable Small Business Administration loan pools $ 39,934 $ — $ 39,934 $ — Mortgage-backed securities 130,103 — 130,103 — United States agency obligations 3,986 — 3,986 — Corporate bonds 1,513 — 1,513 — Securities available for sale - tax-exempt Community Development District bonds 17,674 — 17,674 — Municipals 1,091 — 1,091 — Equity securities Mutual funds $ 5,838 $ 5,838 $ — $ — Other Equity Securities 800 800 — — Loans held for sale $ 165 $ 165 $ — $ — Customer derivatives - interest rate swaps $ 1,144 $ — $ 1,144 $ — LIABILITIES: Customer derivatives - interest rate swaps $ 1,144 $ — $ 1,144 $ — Assets and Liabilities Measured at Fair Value on a Non-Recurring Basis: 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. Assets measured at fair value on a non-recurring basis are summarized below: Fair Value Measurements on March 31, 2022 Using: (Dollars in thousands) Total at March 31, Quoted Prices in Active Markets for Significant Significant Total Gains Impaired Loans: Commercial real estate $ — $ — $ — $ — $ — Residential real estate — — — — — Commercial 779 — — 779 (689) Construction and land development — — — — — Consumer and other — — — — (654) Total $ 779 $ — $ — $ 779 $ (1,343) Fair Value Measurements on December 31, 2021 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 797 — — 797 (671) Construction and land development — — — — — Consumer and other — — — — (654) Total $ 797 $ — $ — $ 797 $ (1,325) 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): March 31, 2022 (Dollars in thousands) Carrying Fair Fair Value Financial Assets: Cash & due from banks, including interest bearing deposits $ 717,637 $ 717,637 Level 1 Federal funds sold 24,089 24,089 Level 1 Securities, available for sale - taxable 184,971 175,758 Level 2 Securities, available for sale - tax-exempt 30,692 30,446 Level 2 Securities, held to maturity 218 214 Level 2 Securities, equity 5,639 5,639 Level 1 Securities, other equity 800 800 Level 1 Loans, net 1,809,161 1,816,008 Level 3 Loans held for sale 988 988 Level 1 Bank owned life insurance 38,758 38,758 Level 2 Customer derivatives - interest rate swaps 1,912 1,912 Level 2 Accrued interest receivable 5,525 5,525 Level 1, 2 & 3 Financial Liabilities: Deposits $ 2,587,277 $ 2,475,854 Level 2 Federal Home Loan Bank advances 5,000 4,989 Level 2 Subordinated debt 24,409 24,409 Level 2 Customer derivatives - interest rate swaps 1,912 1,912 Level 2 December 31, 2021 (Dollars in thousands) Carrying Fair Fair Value Financial Assets: Cash & due from banks, including interest bearing deposits $ 583,990 $ 583,990 Level 1 Federal funds sold 13,477 13,477 Level 1 Securities, available for sale - taxable 177,080 175,536 Level 2 Securities, available for sale - tax-exempt 18,214 18,765 Level 2 Securities, held to maturity 236 242 Level 2 Securities, equity 5,838 5,838 Level 1 Securities, other equity 800 800 Level 1 Loans, net 1,764,460 1,779,968 Level 3 Loans held for sale 165 165 Level 1 Bank owned life insurance 38,485 38,485 Level 2 Customer derivatives - interest rate swaps 1,144 1,144 Level 2 Accrued interest receivable 5,272 5,272 Level 1, 2 & 3 Financial Liabilities: Deposits $ 2,371,388 $ 2,372,372 Level 2 Federal Home Loan Bank advances 35,000 34,274 Level 2 Line of credit 10,000 10,000 Level 2 Customer derivatives - interest rate swaps 1,144 1,144 Level 2

CUSTOMER DERIVATIVES - INTEREST

CUSTOMER DERIVATIVES - INTEREST RATE SWAPS	3 Months Ended
CUSTOMER DERIVATIVES - INTEREST RATE SWAPS	Mar. 31, 2022
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 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	3 Months Ended
LOAN COMMITMENTS AND OTHER RELATED ACTIVITIES	Mar. 31, 2022
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. On April 8, 2021, the Company formed a separately capitalized subsidiary, Pro Opp Fund LLC. Subsequent to March 31, 2022, Pro Opp Fund LLC committed to investments of approximately $0.8 million in businesses directly, and indirectly related to the Company’s core business as permitted under the U.S. Bank Holding Company Act. Additionally, Pro Opp Fund LLC has an additional $0.9 million of unfunded investments outstanding. The contractual amounts of financial instruments with off-balance-sheet risk on March 31, 2022, and December 31, 2021, were as follows: (Dollars in thousands) March 31, December 31, 2021 Available lines of credit $ 457,260 $ 415,402 Unfunded loan commitments – fixed 75,345 62,126 Unfunded loan commitments – variable 26,848 46,698 Standby letters of credit 11,842 12,095 Commercial letters of credit 3,483 2,765 Total credit extension commitments $ 574,778 $ 539,086

REGULATORY CAPITAL MATTERS

REGULATORY CAPITAL MATTERS	3 Months Ended
REGULATORY CAPITAL MATTERS	Mar. 31, 2022
Broker-Dealer, Net Capital Requirement, SEC Regulation [Abstract]
REGULATORY CAPITAL MATTERS	REGULATORY CAPITAL MATTERSBanks 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. Under the Basel Committee on Banking Supervision’s capital guidelines for United States banks (Basel III rules), the Bank must hold a capital conservation buffer above the adequately capitalized risk-based capital ratios. The capital conservation buffer for 2022 and 2021 was 2.50%. The Company opted not to include net unrealized gains or losses on available for sale securities in computing regulatory capital. As of March 31, 2022, 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 March 31, 2022, and December 31, 2021, 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 March 31, 2022, and December 31, 2021. The required amounts for capital adequacy shown below do not include the capital conservation buffer previously discussed. (Dollars in thousands) Actual Required for Well Capitalized Amount Ratio Amount Ratio Amount Ratio March 31, 2022 Total Capital ratio Bank $ 235,860 12.8 % $ 147,313 8.0 % $ 184,141 10.0 % Company 250,202 13.6 % 147,313 8.0 % N/A N/A Tier 1 Capital ratio Bank 221,203 12.0 % 110,484 6.0 % 147,313 8.0 % Company 211,136 11.5 % 110,484 6.0 % N/A N/A Tier 1 Leverage ratio Bank 221,203 8.1 % 108,580 4.0 % 135,725 5.0 % Company 211,136 7.8 % 108,580 4.0 % N/A N/A Common Equity Tier 1 Bank 221,203 12.0 % 82,863 4.5 % 119,692 6.5 % Company 211,136 11.5 % 82,863 4.5 % N/A N/A December 31, 2021 Total Capital ratio Bank $ 222,696 12.1 % $ 147,313 8.0 % $ 184,141 10.0 % Company 220,206 12.0 % 147,313 8.0 % N/A N/A Tier 1 Capital ratio Bank 208,997 11.3 % 110,484 6.0 % 147,313 8.0 % Company 206,507 11.9 % 110,484 6.0 % N/A N/A Tier 1 Leverage ratio Bank 208,997 7.7 % 108,580 4.0 % 135,725 5.0 % Company 206,507 7.7 % 108,580 4.0 % N/A N/A Common Equity Tier 1 Bank 208,997 12.1 % 82,863 4.5 % 119,692 6.5 % Company 206,507 11.9 % 82,863 4.5 % N/A N/A

SUMMARY OF SIGNIFICANT ACCOUN_2

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	3 Months Ended
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	Mar. 31, 2022
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 three months ended March 31, 2022, are not necessarily indicative of the results that may be expected for the year ending December 31, 2022, 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, 2021.
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.
New accounting standards that have not yet been adopted	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 2022-02, Financial Instruments – Credit Losses (Topic 326) Description In March 2022, FASB issued ASU 2022-02 which eliminates the guidance on troubled debt restructurings and requires entities to evaluate all loan modifications to determine if they result in a new loan or a continuation of the existing loan. ASU 2022-02 also requires that entities disclose current-period gross charge-offs by year of origination for loans and leases. Date of Adoption ASU 2022-02 is effective January 1, 2023. Effect on the Consolidated Financial Statements This ASU will have an impact on our financial statement disclosures.
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 March 31, 2022, and December 31, 2021, 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. Subordinated debt: The fair value was determined by using a discounted cash flow method using a market participant discount rate for similar instruments. Line of credit: The carrying amounts of the line of credit approximate their fair values. 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. Interest rate swaps: The fair value of interest rate swaps is estimated using inputs that are observable or that can be corroborated by observable market data and therefore are classified as Level 2. The fair value estimations include primarily market observable inputs.

SUMMARY OF SIGNIFICANT ACCOUN_3

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)	3 Months Ended
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)	Mar. 31, 2022
Accounting Policies [Abstract]
Summary of Accounting Standards Updates	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 2022-02, Financial Instruments – Credit Losses (Topic 326) Description In March 2022, FASB issued ASU 2022-02 which eliminates the guidance on troubled debt restructurings and requires entities to evaluate all loan modifications to determine if they result in a new loan or a continuation of the existing loan. ASU 2022-02 also requires that entities disclose current-period gross charge-offs by year of origination for loans and leases. Date of Adoption ASU 2022-02 is effective January 1, 2023. Effect on the Consolidated Financial Statements This ASU will have an impact on our financial statement disclosures.

EARNINGS PER SHARE (Tables)

EARNINGS PER SHARE (Tables)	3 Months Ended
EARNINGS PER SHARE (Tables)	Mar. 31, 2022
Earnings Per Share [Abstract]
Schedule of Basic and Diluted Earnings per share	Three Months Ended (Dollar amounts in thousands, except per share data) March 31, March 31, Basic earnings per share: Net income $ 2,419 $ 4,785 Total weighted average common stock outstanding 13,345,565 13,442,359 Net income per share $ 0.18 $ 0.36 Diluted earnings per share: Net income $ 2,419 $ 4,785 Total weighted average common stock outstanding 13,345,565 13,442,359 Add: dilutive effect of employee restricted stock and options 613,807 478,915 Total weighted average diluted stock outstanding 13,959,372 13,921,274 Net income per share $ 0.17 $ 0.34 Anti-dilutive restricted stock and options 36,422 403,000

SECURITIES (Tables)

SECURITIES (Tables)	3 Months Ended
SECURITIES (Tables)	Mar. 31, 2022
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 March 31, 2022, and December 31, 2021, and the corresponding amounts of gross unrealized gains and losses recognized in accumulated other comprehensive loss and gross unrecognized gains and losses: (Dollars in thousands) Amortized Gross Gross Fair Value March 31, 2022 Available for sale - taxable Small Business Administration loan pools $ 37,713 $ 15 $ (529) $ 37,199 Mortgage-backed securities 142,815 1 (8,601) 134,215 United States agency obligations 2,943 6 (116) 2,833 Corporate bonds 1,500 11 — 1,511 Total available for sale - taxable $ 184,971 $ 33 $ (9,246) $ 175,758 Available for sale - tax-exempt Community Development District bonds $ 29,645 $ 194 $ (428) $ 29,411 Municipals 1,047 — (12) 1,035 Total available for sale - tax-exempt $ 30,692 $ 194 $ (440) $ 30,446 Amortized Gross Gross Fair Value Held to Maturity Mortgage-backed securities $ 218 $ 1 $ (5) $ 214 Total Held to Maturity $ 218 $ 1 $ (5) $ 214 Amortized Gross Gross Fair Value Equity Mutual Funds $ 5,639 $ — $ — $ 5,639 Other equity securities 800 — — 800 Total Equity $ 6,439 $ — $ — $ 6,439 (Dollars in thousands) Amortized Gross Gross Fair December 31, 2021 Available for sale - taxable Small Business Administration loan pools $ 40,368 $ 38 $ (472) $ 39,934 Mortgage-backed securities 131,273 70 (1,240) 130,103 United States agency obligations 3,939 54 (7) 3,986 Corporate bonds 1,500 13 — 1,513 Total available for sale - taxable $ 177,080 $ 175 $ (1,719) $ 175,536 Available for sale - tax-exempt Community development district bonds $ 17,163 $ 512 $ (1) $ 17,674 Municipals 1,051 40 — 1,091 Total available for sale - tax-exempt $ 18,214 $ 552 $ (1) $ 18,765 Amortized Gross Gross Fair Held to Maturity Mortgage backed securities $ 236 $ 6 $ — $ 242 Total held to maturity $ 236 $ 6 $ — $ 242 Amortized Gross Gross Fair Value Equity Mutual funds $ 5,838 $ — $ — $ 5,838 Other equity securities 800 — — 800 Total equity $ 6,638 $ — $ — $ 6,638
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 March 31, 2022, and December 31, 2021, and the corresponding amounts of gross unrealized gains and losses recognized in accumulated other comprehensive loss and gross unrecognized gains and losses: (Dollars in thousands) Amortized Gross Gross Fair Value March 31, 2022 Available for sale - taxable Small Business Administration loan pools $ 37,713 $ 15 $ (529) $ 37,199 Mortgage-backed securities 142,815 1 (8,601) 134,215 United States agency obligations 2,943 6 (116) 2,833 Corporate bonds 1,500 11 — 1,511 Total available for sale - taxable $ 184,971 $ 33 $ (9,246) $ 175,758 Available for sale - tax-exempt Community Development District bonds $ 29,645 $ 194 $ (428) $ 29,411 Municipals 1,047 — (12) 1,035 Total available for sale - tax-exempt $ 30,692 $ 194 $ (440) $ 30,446 Amortized Gross Gross Fair Value Held to Maturity Mortgage-backed securities $ 218 $ 1 $ (5) $ 214 Total Held to Maturity $ 218 $ 1 $ (5) $ 214 Amortized Gross Gross Fair Value Equity Mutual Funds $ 5,639 $ — $ — $ 5,639 Other equity securities 800 — — 800 Total Equity $ 6,439 $ — $ — $ 6,439 (Dollars in thousands) Amortized Gross Gross Fair December 31, 2021 Available for sale - taxable Small Business Administration loan pools $ 40,368 $ 38 $ (472) $ 39,934 Mortgage-backed securities 131,273 70 (1,240) 130,103 United States agency obligations 3,939 54 (7) 3,986 Corporate bonds 1,500 13 — 1,513 Total available for sale - taxable $ 177,080 $ 175 $ (1,719) $ 175,536 Available for sale - tax-exempt Community development district bonds $ 17,163 $ 512 $ (1) $ 17,674 Municipals 1,051 40 — 1,091 Total available for sale - tax-exempt $ 18,214 $ 552 $ (1) $ 18,765 Amortized Gross Gross Fair Held to Maturity Mortgage backed securities $ 236 $ 6 $ — $ 242 Total held to maturity $ 236 $ 6 $ — $ 242 Amortized Gross Gross Fair Value Equity Mutual funds $ 5,838 $ — $ — $ 5,838 Other equity securities 800 — — 800 Total equity $ 6,638 $ — $ — $ 6,638
Schedule of Maturities of Securities	The scheduled maturities of securities as of March 31, 2022, are as follows: March 31, 2022 (Dollars in thousands) Amortized Fair Available for sale Due in one year or less $ 5,734 $ 5,716 Due after one year through five years 22,236 22,208 Due after five years through ten years 7,165 6,866 Due after ten years — — Subtotal $ 35,135 $ 34,790 Small Business Administration loan pools $ 37,713 $ 37,199 Mortgage-backed securities 142,815 134,215 Total available for sale $ 215,663 $ 206,204 Held to maturity Mortgage-backed securities $ 218 $ 214 Total held to maturity $ 218 $ 214
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 March 31, 2022, and December 31, 2021, 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 (Dollars in thousands) Fair Unrealized Fair Unrealized Fair Unrealized March 31, 2022 Available for sale - taxable Small Business Administration loan pools $ 19,363 $ (371) $ 13,711 $ (158) $ 33,074 $ (529) Mortgage-backed securities 132,409 (8,412) 1,637 (189) 134,046 (8,601) United States agency obligations 1,824 (116) — — 1,824 (116) Total available for sale - taxable $ 153,596 $ (8,899) $ 15,348 $ (347) $ 168,944 $ (9,246) Available for sale - tax-exempt Community Development District bonds $ 14,788 $ (428) $ — $ — $ 14,788 $ (428) Municipals 1,036 (12) — — 1,036 (12) Total available for sale - tax-exempt $ 15,824 $ (440) $ — $ — $ 15,824 $ (440) December 31, 2021 Available for sale - taxable Small Business Administration loan pools $ 17,428 $ (335) $ 14,872 $ (136) $ 32,300 $ (471) Mortgage-backed securities 109,621 (1,168) 1,710 (73) 111,331 (1,241) United States agency obligations 1,930 (7) — — 1,930 (7) Total available for sale - taxable $ 128,979 $ (1,510) $ 16,582 $ (209) $ 145,561 $ (1,719) Available for sale - tax-exempt Community Development District bonds $ 809 $ (1) $ — $ — $ 809 $ (1) Total available for sale - tax-exempt $ 809 $ (1) $ — $ — $ 809 $ (1)

LOANS (Tables)

LOANS (Tables)	3 Months Ended
LOANS (Tables)	Mar. 31, 2022
Receivables [Abstract]
Summary of Loans	Loans on March 31, 2022, and December 31, 2021, were as follows: (Dollars in thousands) March 31, 2022 December 31, 2021 Loans held for investment: Commercial real estate $ 931,904 $ 902,654 Residential real estate 381,182 377,511 Commercial (non-PPP) 357,124 325,415 Commercial (PPP) 31,097 58,615 Construction and land development 98,984 91,520 Consumer and other 22,425 21,449 Total loans held for investment, gross 1,822,716 1,777,164 Allowance for loan losses (13,555) (12,704) Loans held for investment, net $ 1,809,161 $ 1,764,460 Loans held for sale: Loans held for sale $ 988 $ 165 Total loans held for sale $ 988 $ 165
Summary of the Aging of Past Due Loans	The following table presents the aging of the recorded investment in past due loans as of March 31, 2022, and December 31, 2021, by class of loans: (Dollars in thousands) 30 – 59 60 – 89 Greater than Nonaccrual Total Loans Not Total March 31, 2022 Commercial real estate $ — $ — $ — $ — $ — $ 931,904 $ 931,904 Residential real estate — — — — — 381,182 381,182 Commercial (non-PPP) 430 — — 1,468 1,898 355,227 357,124 Commercial (PPP) — 163 — — 163 30,934 31,097 Construction and land development — — — — — 98,984 98,984 Consumer and other — — — 654 654 21,771 22,425 Total $ 430 $ 163 $ — $ 2,122 $ 2,715 $ 1,820,002 $ 1,822,716 (Dollars in thousands) 30 – 59 60 – 89 Greater than Nonaccrual Total Loans Not Total December 31, 2021 Commercial real estate $ 292 $ — $ — $ — $ 292 $ 902,362 $ 902,654 Residential real estate — — — — — 377,511 377,511 Commercial (non-PPP) 449 — — 1,468 1,917 323,498 325,415 Commercial (PPP) 7 — — — 7 58,608 58,615 Construction and land development — — — — — 91,520 91,520 Consumer and other — — — 654 654 20,795 21,449 Total $ 748 $ — $ — $ 2,122 $ 2,870 $ 1,774,294 $ 1,777,164
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 March 31, 2022 Commercial real estate $ 929,624 $ — $ 2,280 $ — $ 931,904 Residential real estate 381,182 — — — 381,182 Commercial (non-PPP) 355,565 91 1,468 — 357,124 Commercial (PPP) 31,097 — — — 31,097 Construction and land development 98,984 — — — 98,984 Consumer 21,693 78 — 654 22,425 Total $ 1,818,145 $ 169 $ 3,748 $ 654 $ 1,822,716 December 31, 2021 Commercial real estate $ 900,364 $ — $ 2,290 $ — $ 902,654 Residential real estate 377,511 — — — 377,511 Commercial (non-PPP) 323,657 290 1,468 — 325,415 Commercial (PPP) 58,615 — — — 58,615 Construction and land development 91,520 — — — 91,520 Consumer 20,712 83 — 654 21,449 Total $ 1,772,379 $ 373 $ 3,758 $ 654 $ 1,777,164
Summary of Purchased Credit Impaired Loans	The carrying amount of those loans is as follows: (Dollars in thousands) March 31, December 31, 2021 Commercial real estate $ 5,822 $ 5,845 Residential real estate — 89 Commercial 205 410 Construction and development — — Consumer and other loans — — Carrying amount $ 6,027 $ 6,344
Summary of Changes in Carrying Amount of Accretable Yield	Accretable yield for all purchased credit impaired loans were as follows for the three months ended March 31, 2022: (Dollars in thousands) 2022 2021 Balance at January 1 (573) (630) New loans purchased — — Adjustment of income — — Accretion 77 89 Reclassifications from nonaccretable difference (303) — Disposals 373 — Balance on March 31 $ (426) $ (541)

ALLOWANCE FOR LOAN LOSSES (Tabl

ALLOWANCE FOR LOAN LOSSES (Tables)	3 Months Ended
ALLOWANCE FOR LOAN LOSSES (Tables)	Mar. 31, 2022
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 three months ended March 31, 2022, and 2021. (Dollars in thousands) Commercial Residential Commercial Construction and Land Development Consumer Total March 31, 2022 Allowance for loan losses: Beginning balance $ 4,471 $ 2,339 $ 4,637 $ 471 $ 786 $ 12,704 Provision for loan losses 264 43 496 40 8 851 Loans charged-off — — — — — — Recoveries — — — — — — Total ending allowance balance $ 4,735 $ 2,382 $ 5,133 $ 511 $ 794 $ 13,555 (Dollars in thousands) Commercial Residential Commercial Construction Consumer Total March 31, 2021 Allowance for loan losses: Beginning balance $ 3,159 $ 2,177 $ 10,462 $ 388 $ 73 $ 16,259 Provision for loan losses 323 11 700 16 (12) 1,038 Loans charged-off — — (7,641) — — (7,641) Recoveries — — — — — — Total ending allowance balance $ 3,482 $ 2,188 $ 3,521 $ 404 $ 61 $ 9,656
Summary of Loans by Portfolio Segment and Impairment Method	(Dollars in thousands) Commercial Residential Commercial Construction Consumer Total March 31, 2022 Allowance for loan losses: Ending allowance balance attributable to loans Individually evaluated for impairment $ — $ — $ 689 $ — $ 654 $ 1,343 Purchased Credit Impaired (PCI) loans — — — — — — Collectively evaluated for impairment 4,735 2,382 4,444 511 140 12,212 Total ending allowance balance $ 4,735 $ 2,382 $ 5,133 $ 511 $ 794 $ 13,555 Loans: Loans individually evaluated for impairment $ 2,280 $ — $ 1,468 $ — $ 654 $ 4,402 Loans collectively evaluated for impairment 929,624 381,182 386,753 98,984 21,771 1,818,314 Total ending loans balance $ 931,904 $ 381,182 $ 388,221 $ 98,984 $ 22,425 $ 1,822,716 December 31, 2021 Allowance for loan losses: Ending allowance balance attributable to loans Individually evaluated for impairment $ — $ — $ 671 $ — $ 654 $ 1,325 Purchased Credit Impaired (PCI) loans — — — — — — Collectively evaluated for impairment 4,471 2,339 3,966 471 132 11,379 Total ending allowance balance $ 4,471 $ 2,339 $ 4,637 $ 471 $ 786 $ 12,704 Loans: Loans individually evaluated for impairment $ 2,290 $ — $ 1,468 $ — $ 654 $ 4,412 Loans collectively evaluated for impairment 900,364 377,511 382,562 91,520 20,795 1,772,752 Total ending loans balance $ 902,654 $ 377,511 $ 384,030 $ 91,520 $ 21,449 $ 1,777,164

DEPOSITS (Tables)

DEPOSITS (Tables)	3 Months Ended
DEPOSITS (Tables)	Mar. 31, 2022
Deposits [Abstract]
Schedule of Deposits	The Company’s total deposits are comprised of the following at the dates indicated: March 31, 2022 December 31, 2021 (Dollars in thousands) Ending % of Total Ending % of Total NOW accounts $ 356,600 13.8% $ 310,362 13.1% Money market accounts 1,037,795 40.1% 1,055,033 44.5% Brokered deposits 57,908 2.2% 58,365 2.5% Savings accounts 12,397 0.5% 12,558 0.5% Certificates of deposit 251,220 9.7% 261,067 11.0% Total interest-bearing deposits 1,715,920 66.3% 1,697,385 71.6% Noninterest-bearing deposits 871,357 33.7% 674,003 28.4% Total deposits $ 2,587,277 100.0% $ 2,371,388 100.0% _______________________________________________ (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 March 31, 2022. (Dollars in thousands) Three Over Over Six Over Total Time deposits of $250,000 or less $ 26,833 $ 35,643 $ 21,692 $ 4,452 $ 88,620 Time deposits of more than $250,000 55,027 64,859 44,322 3,020 167,228 Total $ 81,860 $ 100,502 $ 66,014 $ 7,472 $ 255,848 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, 2021. (Dollars in thousands) Three Over Over Six Over Total Time deposits of $250,000 or less $ 17,431 $ 26,721 $ 44,373 $ 4,631 $ 93,156 Time deposits of more than $250,000 32,058 54,429 83,290 2,760 172,537 Total $ 49,489 $ 81,150 $ 127,663 $ 7,391 $ 265,693
Scheduled Maturities of Time Deposits	For time deposits having a remaining term of more than on year, the aggregate amount of maturities for each of the five years at the dates indicated. (Dollars in thousands) March 31, 2022 December 31, 2021 1 year or less $ 248,376 $ 258,302 Over 1 through 2 years 7,345 6,669 Over 2 through 3 years 127 722 Over 3 through 4 years — — Over 4 through 5 years — — Over 5 years — — Total $ 255,848 $ 265,693

DEBT AND BORROWINGS (Tables)

DEBT AND BORROWINGS (Tables)	3 Months Ended
DEBT AND BORROWINGS (Tables)	Mar. 31, 2022
Debt Disclosure [Abstract]
Schedule of Advances from the Federal Home Loan Bank	(Dollars in thousands) March 31, December 31, Amount outstanding at period-end $ 5,000 $ 35,000 Weighted average interest rate at period-end 0.81% 2.04% Maximum month-end balance during period $ 35,000 $ 35,000 Average balance outstanding during period $ 26,333 $ 36,918 Weighted average interest rate during period 2.04% 2.01%

FAIR VALUE (Tables)

FAIR VALUE (Tables)	3 Months Ended
FAIR VALUE (Tables)	Mar. 31, 2022
Fair Value Disclosures [Abstract]
Schedule of Assets Measured at Fair Value on a Recurring Basis	Assets and liabilities measured at fair value on a recurring basis, are summarized below: Fair Value Measurements on March 31, 2022 Using: (Dollars in thousands) Fair Quoted Prices in Significant Significant ASSETS: Securities available for sale - taxable Small Business Administration loan pools $ 37,199 $ — $ 37,199 $ — Mortgage-backed securities 134,215 — 134,215 — United States agency obligations 2,833 — 2,833 — Corporate bonds 1,511 — 1,511 — Securities available for sale - tax-exempt Community Development District bonds 29,411 — 29,411 — Municipals 1,035 — 1,035 — Equity securities Mutual funds $ 5,639 $ 5,639 $ — $ — Other equity securities 800 800 — — Loans held for sale $ 988 $ 988 $ — $ — Customer derivatives - interest rate swaps $ 1,912 $ — $ 1,912 $ — LIABILITIES: Customer derivatives - interest rate swaps $ 1,912 $ — $ 1,912 $ — Fair Value Measurements on December 31, 2021 Using: (Dollars in thousands) Fair Quoted Prices in Significant Significant ASSETS: Securities available for sale - taxable Small Business Administration loan pools $ 39,934 $ — $ 39,934 $ — Mortgage-backed securities 130,103 — 130,103 — United States agency obligations 3,986 — 3,986 — Corporate bonds 1,513 — 1,513 — Securities available for sale - tax-exempt Community Development District bonds 17,674 — 17,674 — Municipals 1,091 — 1,091 — Equity securities Mutual funds $ 5,838 $ 5,838 $ — $ — Other Equity Securities 800 800 — — Loans held for sale $ 165 $ 165 $ — $ — Customer derivatives - interest rate swaps $ 1,144 $ — $ 1,144 $ — LIABILITIES: Customer derivatives - interest rate swaps $ 1,144 $ — $ 1,144 $ —
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 March 31, 2022 Using: (Dollars in thousands) Total at March 31, Quoted Prices in Active Markets for Significant Significant Total Gains Impaired Loans: Commercial real estate $ — $ — $ — $ — $ — Residential real estate — — — — — Commercial 779 — — 779 (689) Construction and land development — — — — — Consumer and other — — — — (654) Total $ 779 $ — $ — $ 779 $ (1,343) Fair Value Measurements on December 31, 2021 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 797 — — 797 (671) Construction and land development — — — — — Consumer and other — — — — (654) Total $ 797 $ — $ — $ 797 $ (1,325)
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): March 31, 2022 (Dollars in thousands) Carrying Fair Fair Value Financial Assets: Cash & due from banks, including interest bearing deposits $ 717,637 $ 717,637 Level 1 Federal funds sold 24,089 24,089 Level 1 Securities, available for sale - taxable 184,971 175,758 Level 2 Securities, available for sale - tax-exempt 30,692 30,446 Level 2 Securities, held to maturity 218 214 Level 2 Securities, equity 5,639 5,639 Level 1 Securities, other equity 800 800 Level 1 Loans, net 1,809,161 1,816,008 Level 3 Loans held for sale 988 988 Level 1 Bank owned life insurance 38,758 38,758 Level 2 Customer derivatives - interest rate swaps 1,912 1,912 Level 2 Accrued interest receivable 5,525 5,525 Level 1, 2 & 3 Financial Liabilities: Deposits $ 2,587,277 $ 2,475,854 Level 2 Federal Home Loan Bank advances 5,000 4,989 Level 2 Subordinated debt 24,409 24,409 Level 2 Customer derivatives - interest rate swaps 1,912 1,912 Level 2 December 31, 2021 (Dollars in thousands) Carrying Fair Fair Value Financial Assets: Cash & due from banks, including interest bearing deposits $ 583,990 $ 583,990 Level 1 Federal funds sold 13,477 13,477 Level 1 Securities, available for sale - taxable 177,080 175,536 Level 2 Securities, available for sale - tax-exempt 18,214 18,765 Level 2 Securities, held to maturity 236 242 Level 2 Securities, equity 5,838 5,838 Level 1 Securities, other equity 800 800 Level 1 Loans, net 1,764,460 1,779,968 Level 3 Loans held for sale 165 165 Level 1 Bank owned life insurance 38,485 38,485 Level 2 Customer derivatives - interest rate swaps 1,144 1,144 Level 2 Accrued interest receivable 5,272 5,272 Level 1, 2 & 3 Financial Liabilities: Deposits $ 2,371,388 $ 2,372,372 Level 2 Federal Home Loan Bank advances 35,000 34,274 Level 2 Line of credit 10,000 10,000 Level 2 Customer derivatives - interest rate swaps 1,144 1,144 Level 2

LOAN COMMITMENTS AND OTHER RE_2

LOAN COMMITMENTS AND OTHER RELATED ACTIVITIES (Tables)	3 Months Ended
LOAN COMMITMENTS AND OTHER RELATED ACTIVITIES (Tables)	Mar. 31, 2022
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 March 31, 2022, and December 31, 2021, were as follows: (Dollars in thousands) March 31, December 31, 2021 Available lines of credit $ 457,260 $ 415,402 Unfunded loan commitments – fixed 75,345 62,126 Unfunded loan commitments – variable 26,848 46,698 Standby letters of credit 11,842 12,095 Commercial letters of credit 3,483 2,765 Total credit extension commitments $ 574,778 $ 539,086

REGULATORY CAPITAL MATTERS (Tab

REGULATORY CAPITAL MATTERS (Tables)	3 Months Ended
REGULATORY CAPITAL MATTERS (Tables)	Mar. 31, 2022
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. (Dollars in thousands) Actual Required for Well Capitalized Amount Ratio Amount Ratio Amount Ratio March 31, 2022 Total Capital ratio Bank $ 235,860 12.8 % $ 147,313 8.0 % $ 184,141 10.0 % Company 250,202 13.6 % 147,313 8.0 % N/A N/A Tier 1 Capital ratio Bank 221,203 12.0 % 110,484 6.0 % 147,313 8.0 % Company 211,136 11.5 % 110,484 6.0 % N/A N/A Tier 1 Leverage ratio Bank 221,203 8.1 % 108,580 4.0 % 135,725 5.0 % Company 211,136 7.8 % 108,580 4.0 % N/A N/A Common Equity Tier 1 Bank 221,203 12.0 % 82,863 4.5 % 119,692 6.5 % Company 211,136 11.5 % 82,863 4.5 % N/A N/A December 31, 2021 Total Capital ratio Bank $ 222,696 12.1 % $ 147,313 8.0 % $ 184,141 10.0 % Company 220,206 12.0 % 147,313 8.0 % N/A N/A Tier 1 Capital ratio Bank 208,997 11.3 % 110,484 6.0 % 147,313 8.0 % Company 206,507 11.9 % 110,484 6.0 % N/A N/A Tier 1 Leverage ratio Bank 208,997 7.7 % 108,580 4.0 % 135,725 5.0 % Company 206,507 7.7 % 108,580 4.0 % N/A N/A Common Equity Tier 1 Bank 208,997 12.1 % 82,863 4.5 % 119,692 6.5 % Company 206,507 11.9 % 82,863 4.5 % N/A N/A

EARNINGS PER SHARE (Details)

EARNINGS PER SHARE (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Basic earnings per share:
Net income	$ 2,419	$ 4,785
Total weighted average common stock outstanding (in shares)	13,345,565	13,442,359
Net income per share (in dollars per share)	$ 0.18	$ 0.36
Diluted earnings per share:
Net income	$ 2,419	$ 4,785
Total weighted average common stock outstanding (in shares)	13,345,565	13,442,359
Add: dilutive effect of employee restricted stock and options (in shares)	613,807	478,915
Total weighted average diluted stock outstanding (in shares)	13,959,372	13,921,274
Net income per share (in dollars per share)	$ 0.17	$ 0.34
Anti-dilutive securities excluded (in shares)	36,422	403,000,000

SECURITIES - Summary of Debt Se

SECURITIES - Summary of Debt Securities Available for Sale (Details) - USD ($) $ in Thousands	Mar. 31, 2022	Dec. 31, 2021
Debt Securities, Available-for-sale [Line Items]
Amortized Cost	$ 215,663
Gross Unrealized Losses	(8,500)
Fair Value	206,204
Available for sale - taxable
Debt Securities, Available-for-sale [Line Items]
Amortized Cost	184,971	$ 177,080
Gross Unrealized Gains	33	175
Gross Unrealized Losses	(9,246)	(1,719)
Fair Value	175,758	175,536
Small Business Administration loan pools
Debt Securities, Available-for-sale [Line Items]
Amortized Cost	37,713	40,368
Gross Unrealized Gains	15	38
Gross Unrealized Losses	(529)	(472)
Fair Value	37,199	39,934
Mortgage-backed securities
Debt Securities, Available-for-sale [Line Items]
Amortized Cost	142,815	131,273
Gross Unrealized Gains	1	70
Gross Unrealized Losses	(8,601)	(1,240)
Fair Value	134,215	130,103
United States agency obligations
Debt Securities, Available-for-sale [Line Items]
Amortized Cost	2,943	3,939
Gross Unrealized Gains	6	54
Gross Unrealized Losses	(116)	(7)
Fair Value	2,833	3,986
Corporate bonds
Debt Securities, Available-for-sale [Line Items]
Amortized Cost	1,500	1,500
Gross Unrealized Gains	11	13
Gross Unrealized Losses	0	0
Fair Value	1,511	1,513
Available for sale - tax-exempt
Debt Securities, Available-for-sale [Line Items]
Amortized Cost	30,692	18,214
Gross Unrealized Gains	194	552
Gross Unrealized Losses	(440)	(1)
Fair Value	30,446	18,765
Community Development District bonds
Debt Securities, Available-for-sale [Line Items]
Amortized Cost	29,645	17,163
Gross Unrealized Gains	194	512
Gross Unrealized Losses	(428)	(1)
Fair Value	29,411	17,674
Municipals
Debt Securities, Available-for-sale [Line Items]
Amortized Cost	1,047	1,051
Gross Unrealized Gains	0	40
Gross Unrealized Losses	(12)	0
Fair Value	$ 1,035	$ 1,091

SECURITIES - Summary of Debt _2

SECURITIES - Summary of Debt Securities Held to Maturity (Details) - USD ($) $ in Thousands	Mar. 31, 2022	Dec. 31, 2021
Schedule of Held-to-maturity Securities [Line Items]
Amortized Cost	$ 218	$ 236
Gross Unrecognized Gains	1	6
Gross Unrecognized Losses	(5)	0
Fair Value	214	242
Mortgage-backed securities
Schedule of Held-to-maturity Securities [Line Items]
Amortized Cost	218	236
Gross Unrecognized Gains	1	6
Gross Unrecognized Losses	(5)	0
Fair Value	$ 214	$ 242

SECURITIES - Summary of Equity

SECURITIES - Summary of Equity Securities (Details) - USD ($) $ in Thousands	Mar. 31, 2022	Dec. 31, 2021
Debt Securities, Available-for-sale [Line Items]
Amortized Cost	$ 6,439	$ 6,638
Equity securities	6,439	6,638
Mutual Funds
Debt Securities, Available-for-sale [Line Items]
Amortized Cost	5,639	5,838
Equity securities	5,639	5,838
Other equity securities
Debt Securities, Available-for-sale [Line Items]
Amortized Cost	800	800
Equity securities	$ 800	$ 800

SECURITIES - Narrative (Details

SECURITIES - Narrative (Details)	3 Months Ended
SECURITIES - Narrative (Details)	Mar. 31, 2022USD ($)loan	Mar. 31, 2021USD ($)	Dec. 31, 2021USD ($)loan
Investments, Debt and Equity Securities [Abstract]
Increase in net investment portfolio	$ 11,700,000
Increase in available for sale securities	28,600,000
Decrease from pay downs, maturities and calls	8,200,000
Unrealized loss	8,500,000
Tax effect	2,200,000
Proceeds from sale and maturity of held-to-maturity securities	8,200,000
Gross realized gains on held-to-maturity securities	0
Proceeds from sale of securities available for sale		$ 1,500,000
Gross realized gains		$ 1,000
Securities pledged	$ 2,100,000		$ 2,400,000
Number of investment positions that are in an unrealized loss position \| loan	155		92
Credit losses recognized	$ 0		$ 0

SECURITIES - Maturities of Secu

SECURITIES - Maturities of Securities (Details) - USD ($) $ in Thousands	Mar. 31, 2022	Dec. 31, 2021
Available-for-sale, Amortized Cost
Due in one year or less	$ 5,734
Due after one year through five years	22,236
Due after five years through ten years	7,165
Due after ten years	0
Subtotal	35,135
Amortized Cost	215,663
Available-for-sale, Fair Value
Due in one year or less	5,716
Due after one year through five years	22,208
Due after five years through ten years	6,866
Due after ten years	0
Subtotal	34,790
Fair Value	206,204
Held to maturity, Amortized cost
Amortized Cost	218	$ 236
Held-to-maturity, Fair value
Fair Value	214	242
Small Business Administration loan pools
Available-for-sale, Amortized Cost
Amortized cost, without single maturity date	37,713
Amortized Cost	37,713	40,368
Available-for-sale, Fair Value
Fair value, without single maturity date	37,199
Fair Value	37,199	39,934
Mortgage-backed securities
Available-for-sale, Amortized Cost
Amortized cost, without single maturity date	142,815
Amortized Cost	142,815	131,273
Available-for-sale, Fair Value
Fair value, without single maturity date	134,215
Fair Value	134,215	130,103
Held to maturity, Amortized cost
Amortized cost, without single maturity date	218
Amortized Cost	218	236
Held-to-maturity, Fair value
Fair value, without single maturity date	214
Fair Value	$ 214	$ 242

SECURITIES - Unrealized Losses

SECURITIES - Unrealized Losses By Security Type And Time (Details) - USD ($) $ in Thousands	Mar. 31, 2022	Dec. 31, 2021
Available for sale - taxable
Marketable Securities [Line Items]
Available for sale, Less than 12 months, Fair value	$ 153,596	$ 128,979
Available for sale, Less than 12 months, Unrealized losses	(8,899)	(1,510)
Available for sale, 12 months or longer, Fair value	15,348	16,582
Available for sale, 12 months or longer, Unrealized losses	(347)	(209)
Fair Value	168,944	145,561
Unrealized Losses	(9,246)	(1,719)
Small Business Administration loan pools
Marketable Securities [Line Items]
Available for sale, Less than 12 months, Fair value	19,363	17,428
Available for sale, Less than 12 months, Unrealized losses	(371)	(335)
Available for sale, 12 months or longer, Fair value	13,711	14,872
Available for sale, 12 months or longer, Unrealized losses	(158)	(136)
Fair Value	33,074	32,300
Unrealized Losses	(529)	(471)
Mortgage-backed securities
Marketable Securities [Line Items]
Available for sale, Less than 12 months, Fair value	132,409	109,621
Available for sale, Less than 12 months, Unrealized losses	(8,412)	(1,168)
Available for sale, 12 months or longer, Fair value	1,637	1,710
Available for sale, 12 months or longer, Unrealized losses	(189)	(73)
Fair Value	134,046	111,331
Unrealized Losses	(8,601)	(1,241)
United States agency obligations
Marketable Securities [Line Items]
Available for sale, Less than 12 months, Fair value	1,824	1,930
Available for sale, Less than 12 months, Unrealized losses	(116)	(7)
Available for sale, 12 months or longer, Fair value	0	0
Available for sale, 12 months or longer, Unrealized losses	0	0
Fair Value	1,824	1,930
Unrealized Losses	(116)	(7)
Available for sale - tax-exempt
Marketable Securities [Line Items]
Available for sale, Less than 12 months, Fair value	15,824	809
Available for sale, Less than 12 months, Unrealized losses	(440)	(1)
Available for sale, 12 months or longer, Fair value	0	0
Available for sale, 12 months or longer, Unrealized losses	0	0
Fair Value	15,824	809
Unrealized Losses	(440)	(1)
Community Development District bonds
Marketable Securities [Line Items]
Available for sale, Less than 12 months, Fair value	14,788	809
Available for sale, Less than 12 months, Unrealized losses	(428)	(1)
Available for sale, 12 months or longer, Fair value	0	0
Available for sale, 12 months or longer, Unrealized losses	0	0
Fair Value	14,788	809
Unrealized Losses	(428)	$ (1)
Municipals
Marketable Securities [Line Items]
Available for sale, Less than 12 months, Fair value	1,036
Available for sale, Less than 12 months, Unrealized losses	(12)
Available for sale, 12 months or longer, Fair value	0
Available for sale, 12 months or longer, Unrealized losses	0
Fair Value	1,036
Unrealized Losses	$ (12)

LOANS - Major Classifications o

LOANS - Major Classifications of Loans (Details) - USD ($) $ in Thousands	Mar. 31, 2022	Dec. 31, 2021	Mar. 31, 2021	Dec. 31, 2020
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans held for investment, gross	$ 1,822,716	$ 1,777,164
Allowance for loan losses	(13,555)	(12,704)	$ (9,656)	$ (16,259)
Loans held for investment, net	1,809,161	1,764,460
Loans held for sale	988	165
Construction and land development
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans held for investment, gross	98,984	91,520
Allowance for loan losses	(511)	(471)	(404)	(388)
Commercial Portfolio Segment \| Commercial real estate
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans held for investment, gross	931,904	902,654
Allowance for loan losses	(4,735)	(4,471)	(3,482)	(3,159)
Commercial Portfolio Segment \| Commercial (non-PPP)
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans held for investment, gross	357,124	325,415
Commercial Portfolio Segment \| Commercial (PPP)
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans held for investment, gross	31,097	58,615
Consumer Portfolio Segment \| Residential real estate
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans held for investment, gross	381,182	377,511
Allowance for loan losses	(2,382)	(2,339)	(2,188)	(2,177)
Consumer Portfolio Segment \| Consumer and other
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans held for investment, gross	22,425	21,449
Allowance for loan losses	$ (794)	$ (786)	$ (61)	$ (73)

LOANS - Narratives (Details)

LOANS - Narratives (Details) - USD ($)	3 Months Ended	12 Months Ended
LOANS - Narratives (Details) - USD ($)	Mar. 31, 2022	Dec. 31, 2021	Mar. 31, 2021
Financing Receivable, Impaired [Line Items]
Total loans pledged to the Federal Home Loan Bank	$ 236,600,000	$ 235,300,000
Loan premiums on BAC purchased loans	300,000	400,000
Loans that met the criteria for consideration as a troubled debt restructuring	14,000	55,000
Specific reserve	0	0
Threshold credit value for annual review	1,000,000
PCI loans
Financing Receivable, Impaired [Line Items]
Allowance for loan losses reversed	0
Non-Performing Assets
Financing Receivable, Impaired [Line Items]
Total loans	$ 2,100,000	$ 2,100,000
Percentage of non-performing assets to total assets	0.07%	0.08%
Coex Coffee International Inc.
Financing Receivable, Impaired [Line Items]
Total loans held for investment, gross	$ 0		$ 7,600,000

LOANS - Past Due Loans (Details

LOANS - Past Due Loans (Details) - USD ($) $ in Thousands	Mar. 31, 2022	Dec. 31, 2021
Financing Receivable, Past Due [Line Items]
Nonaccrual	$ 2,122	$ 2,122
Financing receivable, gross	1,822,716	1,777,164
Total Past Due
Financing Receivable, Past Due [Line Items]
Financing receivable, gross	2,715	2,870
30 – 59 Days Past Due
Financing Receivable, Past Due [Line Items]
Financing receivable, gross	430	748
60 – 89 Days Past Due
Financing Receivable, Past Due [Line Items]
Financing receivable, gross	163	0
Greater than 90 Days Past Due
Financing Receivable, Past Due [Line Items]
Financing receivable, gross	0	0
Loans Not Past Due
Financing Receivable, Past Due [Line Items]
Financing receivable, gross	1,820,002	1,774,294
Construction and land development
Financing Receivable, Past Due [Line Items]
Nonaccrual	0	0
Financing receivable, gross	98,984	91,520
Construction and land development \| Total Past Due
Financing Receivable, Past Due [Line Items]
Financing receivable, gross	0	0
Construction and land development \| 30 – 59 Days Past Due
Financing Receivable, Past Due [Line Items]
Financing receivable, gross	0	0
Construction and land development \| 60 – 89 Days Past Due
Financing Receivable, Past Due [Line Items]
Financing receivable, gross	0	0
Construction and land development \| Greater than 90 Days Past Due
Financing Receivable, Past Due [Line Items]
Financing receivable, gross	0	0
Construction and land development \| Loans Not Past Due
Financing Receivable, Past Due [Line Items]
Financing receivable, gross	98,984	91,520
Commercial Portfolio Segment \| Commercial real estate
Financing Receivable, Past Due [Line Items]
Nonaccrual	0	0
Financing receivable, gross	931,904	902,654
Commercial Portfolio Segment \| Commercial real estate \| Total Past Due
Financing Receivable, Past Due [Line Items]
Financing receivable, gross	0	292
Commercial Portfolio Segment \| Commercial real estate \| 30 – 59 Days Past Due
Financing Receivable, Past Due [Line Items]
Financing receivable, gross	0	292
Commercial Portfolio Segment \| Commercial real estate \| 60 – 89 Days Past Due
Financing Receivable, Past Due [Line Items]
Financing receivable, gross	0	0
Commercial Portfolio Segment \| Commercial real estate \| Greater than 90 Days Past Due
Financing Receivable, Past Due [Line Items]
Financing receivable, gross	0	0
Commercial Portfolio Segment \| Commercial real estate \| Loans Not Past Due
Financing Receivable, Past Due [Line Items]
Financing receivable, gross	931,904	902,362
Commercial Portfolio Segment \| Commercial (non-PPP)
Financing Receivable, Past Due [Line Items]
Nonaccrual	1,468	1,468
Financing receivable, gross	357,124	325,415
Commercial Portfolio Segment \| Commercial (non-PPP) \| Total Past Due
Financing Receivable, Past Due [Line Items]
Financing receivable, gross	1,898	1,917
Commercial Portfolio Segment \| Commercial (non-PPP) \| 30 – 59 Days Past Due
Financing Receivable, Past Due [Line Items]
Financing receivable, gross	430	449
Commercial Portfolio Segment \| Commercial (non-PPP) \| 60 – 89 Days Past Due
Financing Receivable, Past Due [Line Items]
Financing receivable, gross	0	0
Commercial Portfolio Segment \| Commercial (non-PPP) \| Greater than 90 Days Past Due
Financing Receivable, Past Due [Line Items]
Financing receivable, gross	0	0
Commercial Portfolio Segment \| Commercial (non-PPP) \| Loans Not Past Due
Financing Receivable, Past Due [Line Items]
Financing receivable, gross	355,227	323,498
Commercial Portfolio Segment \| Commercial (PPP)
Financing Receivable, Past Due [Line Items]
Nonaccrual	0	0
Financing receivable, gross	31,097	58,615
Commercial Portfolio Segment \| Commercial (PPP) \| Total Past Due
Financing Receivable, Past Due [Line Items]
Financing receivable, gross	163	7
Commercial Portfolio Segment \| Commercial (PPP) \| 30 – 59 Days Past Due
Financing Receivable, Past Due [Line Items]
Financing receivable, gross	0	7
Commercial Portfolio Segment \| Commercial (PPP) \| 60 – 89 Days Past Due
Financing Receivable, Past Due [Line Items]
Financing receivable, gross	163	0
Commercial Portfolio Segment \| Commercial (PPP) \| Greater than 90 Days Past Due
Financing Receivable, Past Due [Line Items]
Financing receivable, gross	0	0
Commercial Portfolio Segment \| Commercial (PPP) \| Loans Not Past Due
Financing Receivable, Past Due [Line Items]
Financing receivable, gross	30,934	58,608
Consumer Portfolio Segment \| Residential real estate
Financing Receivable, Past Due [Line Items]
Nonaccrual	0	0
Financing receivable, gross	381,182	377,511
Consumer Portfolio Segment \| Residential real estate \| Total Past Due
Financing Receivable, Past Due [Line Items]
Financing receivable, gross	0	0
Consumer Portfolio Segment \| Residential real estate \| 30 – 59 Days Past Due
Financing Receivable, Past Due [Line Items]
Financing receivable, gross	0	0
Consumer Portfolio Segment \| Residential real estate \| 60 – 89 Days Past Due
Financing Receivable, Past Due [Line Items]
Financing receivable, gross	0	0
Consumer Portfolio Segment \| Residential real estate \| Greater than 90 Days Past Due
Financing Receivable, Past Due [Line Items]
Financing receivable, gross	0	0
Consumer Portfolio Segment \| Residential real estate \| Loans Not Past Due
Financing Receivable, Past Due [Line Items]
Financing receivable, gross	381,182	377,511
Consumer Portfolio Segment \| Consumer and other
Financing Receivable, Past Due [Line Items]
Nonaccrual	654	654
Financing receivable, gross	22,425	21,449
Consumer Portfolio Segment \| Consumer and other \| Total Past Due
Financing Receivable, Past Due [Line Items]
Financing receivable, gross	654	654
Consumer Portfolio Segment \| Consumer and other \| 30 – 59 Days Past Due
Financing Receivable, Past Due [Line Items]
Financing receivable, gross	0	0
Consumer Portfolio Segment \| Consumer and other \| 60 – 89 Days Past Due
Financing Receivable, Past Due [Line Items]
Financing receivable, gross	0	0
Consumer Portfolio Segment \| Consumer and other \| Greater than 90 Days Past Due
Financing Receivable, Past Due [Line Items]
Financing receivable, gross	0	0
Consumer Portfolio Segment \| Consumer and other \| Loans Not Past Due
Financing Receivable, Past Due [Line Items]
Financing receivable, gross	$ 21,771	$ 20,795

LOANS - Risk Category (Details)

LOANS - Risk Category (Details) - USD ($) $ in Thousands	Mar. 31, 2022	Dec. 31, 2021
Financing Receivable, Credit Quality Indicator [Line Items]
Financing receivable, gross	$ 1,822,716	$ 1,777,164
Pass
Financing Receivable, Credit Quality Indicator [Line Items]
Financing receivable, gross	1,818,145	1,772,379
Special Mention
Financing Receivable, Credit Quality Indicator [Line Items]
Financing receivable, gross	169	373
Substandard
Financing Receivable, Credit Quality Indicator [Line Items]
Financing receivable, gross	3,748	3,758
Doubtful
Financing Receivable, Credit Quality Indicator [Line Items]
Financing receivable, gross	654	654
Construction and land development
Financing Receivable, Credit Quality Indicator [Line Items]
Financing receivable, gross	98,984	91,520
Construction and land development \| Pass
Financing Receivable, Credit Quality Indicator [Line Items]
Financing receivable, gross	98,984	91,520
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
Commercial Portfolio Segment \| Commercial real estate
Financing Receivable, Credit Quality Indicator [Line Items]
Financing receivable, gross	931,904	902,654
Commercial Portfolio Segment \| Commercial real estate \| Pass
Financing Receivable, Credit Quality Indicator [Line Items]
Financing receivable, gross	929,624	900,364
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	2,280	2,290
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	357,124	325,415
Commercial Portfolio Segment \| Commercial (non-PPP) \| Pass
Financing Receivable, Credit Quality Indicator [Line Items]
Financing receivable, gross	355,565	323,657
Commercial Portfolio Segment \| Commercial (non-PPP) \| Special Mention
Financing Receivable, Credit Quality Indicator [Line Items]
Financing receivable, gross	91	290
Commercial Portfolio Segment \| Commercial (non-PPP) \| Substandard
Financing Receivable, Credit Quality Indicator [Line Items]
Financing receivable, gross	1,468	1,468
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	31,097	58,615
Commercial Portfolio Segment \| Commercial (PPP) \| Pass
Financing Receivable, Credit Quality Indicator [Line Items]
Financing receivable, gross	31,097	58,615
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
Consumer Portfolio Segment \| Residential real estate
Financing Receivable, Credit Quality Indicator [Line Items]
Financing receivable, gross	381,182	377,511
Consumer Portfolio Segment \| Residential real estate \| Pass
Financing Receivable, Credit Quality Indicator [Line Items]
Financing receivable, gross	381,182	377,511
Consumer Portfolio Segment \| Residential real estate \| Special Mention
Financing Receivable, Credit Quality Indicator [Line Items]
Financing receivable, gross	0	0
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	22,425	21,449
Consumer Portfolio Segment \| Consumer and other \| Pass
Financing Receivable, Credit Quality Indicator [Line Items]
Financing receivable, gross	21,693	20,712
Consumer Portfolio Segment \| Consumer and other \| Special Mention
Financing Receivable, Credit Quality Indicator [Line Items]
Financing receivable, gross	78	83
Consumer Portfolio Segment \| Consumer and other \| Substandard
Financing Receivable, Credit Quality Indicator [Line Items]
Financing receivable, gross	0	0
Consumer Portfolio Segment \| Consumer and other \| Doubtful
Financing Receivable, Credit Quality Indicator [Line Items]
Financing receivable, gross	$ 654	$ 654

LOANS - Carrying Amount PCI Loa

LOANS - Carrying Amount PCI Loans and Accretable Yield (Details) - PCI loans - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021	Dec. 31, 2021
Financing Receivable, Credit Quality Indicator [Line Items]
Carrying amount	$ 6,027		$ 6,344
Accretable yield or income expected to be collected
Balance at January 1	(573)	$ (630)
New loans purchased	0	0
Adjustment of income	0	0
Accretion	77	89
Reclassifications from nonaccretable difference	(303)	0
Disposals	373	0
Balance on March 31	(426)	$ (541)
Construction and land development
Financing Receivable, Credit Quality Indicator [Line Items]
Carrying amount	0		0
Consumer and other
Financing Receivable, Credit Quality Indicator [Line Items]
Carrying amount	0		0
Commercial Portfolio Segment \| Commercial real estate
Financing Receivable, Credit Quality Indicator [Line Items]
Carrying amount	5,822		5,845
Commercial Portfolio Segment \| Commercial Loan
Financing Receivable, Credit Quality Indicator [Line Items]
Carrying amount	205		410
Consumer Portfolio Segment \| Residential real estate
Financing Receivable, Credit Quality Indicator [Line Items]
Carrying amount	$ 0		$ 89

ALLOWANCE FOR LOAN LOSSES - Bal

ALLOWANCE FOR LOAN LOSSES - Balances (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Allowance for loan losses
Beginning balance	$ 12,704	$ 16,259
Provision for loan losses	851	1,038
Loans charged-off	0	(7,641)
Recoveries	0	0
Ending balance	13,555	9,656
Construction and land development
Allowance for loan losses
Beginning balance	471	388
Provision for loan losses	40	16
Loans charged-off	0	0
Recoveries	0	0
Ending balance	511	404
Commercial Portfolio Segment \| Commercial real estate
Allowance for loan losses
Beginning balance	4,471	3,159
Provision for loan losses	264	323
Loans charged-off	0	0
Recoveries	0	0
Ending balance	4,735	3,482
Commercial Portfolio Segment \| Commercial Loan
Allowance for loan losses
Beginning balance	4,637	10,462
Provision for loan losses	496	700
Loans charged-off	0	(7,641)
Recoveries	0	0
Ending balance	5,133	3,521
Consumer Portfolio Segment \| Residential real estate
Allowance for loan losses
Beginning balance	2,339	2,177
Provision for loan losses	43	11
Loans charged-off	0	0
Recoveries	0	0
Ending balance	2,382	2,188
Consumer Portfolio Segment \| Consumer and other
Allowance for loan losses
Beginning balance	786	73
Provision for loan losses	8	(12)
Loans charged-off	0	0
Recoveries	0	0
Ending balance	$ 794	$ 61

ALLOWANCE FOR LOAN LOSSES - All

ALLOWANCE FOR LOAN LOSSES - Allowance for Loans Losses and Loans (Details) - USD ($) $ in Thousands	Mar. 31, 2022	Dec. 31, 2021	Mar. 31, 2021	Dec. 31, 2020
Allowance for loan losses
Individually evaluated for impairment	$ 1,343	$ 1,325
Purchased Credit Impaired (PCI) loans	0	0
Collectively evaluated for impairment	12,212	11,379
Total ending allowance balance	13,555	12,704	$ 9,656	$ 16,259
Loans individually evaluated for impairment	4,402	4,412
Loans collectively evaluated for impairment	1,818,314	1,772,752
Total	1,822,716	1,777,164
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	511	471
Total ending allowance balance	511	471	404	388
Loans individually evaluated for impairment	0	0
Loans collectively evaluated for impairment	98,984	91,520
Total	98,984	91,520
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	4,735	4,471
Total ending allowance balance	4,735	4,471	3,482	3,159
Loans individually evaluated for impairment	2,280	2,290
Loans collectively evaluated for impairment	929,624	900,364
Total	931,904	902,654
Commercial Portfolio Segment \| Commercial Loan
Allowance for loan losses
Individually evaluated for impairment	689	671
Purchased Credit Impaired (PCI) loans	0	0
Collectively evaluated for impairment	4,444	3,966
Total ending allowance balance	5,133	4,637	3,521	10,462
Loans individually evaluated for impairment	1,468	1,468
Loans collectively evaluated for impairment	386,753	382,562
Total	388,221	384,030
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	2,382	2,339
Total ending allowance balance	2,382	2,339	2,188	2,177
Loans individually evaluated for impairment	0	0
Loans collectively evaluated for impairment	381,182	377,511
Total	381,182	377,511
Consumer Portfolio Segment \| Consumer and other
Allowance for loan losses
Individually evaluated for impairment	654	654
Purchased Credit Impaired (PCI) loans	0	0
Collectively evaluated for impairment	140	132
Total ending allowance balance	794	786	$ 61	$ 73
Loans individually evaluated for impairment	654	654
Loans collectively evaluated for impairment	21,771	20,795
Total	$ 22,425	$ 21,449

DEPOSITS - Total Deposits (Deta

DEPOSITS - Total Deposits (Details) - USD ($) $ in Thousands	Mar. 31, 2022	Dec. 31, 2021
Ending Balance
Demand – interest bearing	$ 356,600	$ 310,362
Money market accounts	1,037,795	1,055,033
Brokered deposits	57,908	58,365
Savings accounts	12,397	12,558
Certificates of deposit	251,220	261,067
Total interest-bearing deposits	1,715,920	1,697,385
Noninterest-bearing deposits	871,357	674,003
Total deposits	$ 2,587,277	$ 2,371,388
% of Total
NOW accounts	13.80%	13.10%
Money market accounts	40.10%	44.50%
Brokered deposits	2.20%	2.50%
Savings accounts	0.50%	0.50%
Certificates of deposit	9.70%	11.00%
Total interest-bearing deposits	66.30%	71.60%
Noninterest-bearing deposits	0.337	0.284
Total deposits	100.00%	100.00%

DEPOSITS - Maturities Exceeding

DEPOSITS - Maturities Exceeding the $250,000 FDIC Insurance Limit (Details) - USD ($) $ in Thousands	Mar. 31, 2022	Dec. 31, 2021
Time deposits of $250,000 or less
Three Months or Less	$ 26,833	$ 17,431
Over Three Through Six Months	35,643	26,721
Over Six Months Through 12 Months	21,692	44,373
Over 12 Months	4,452	4,631
Total	88,620	93,156
Time deposits of more than $250,000
Three Months or Less	55,027	32,058
Over Three Through Six Months	64,859	54,429
Over Six Months Through 12 Months	44,322	83,290
Over 12 Months	3,020	2,760
Total	167,228	172,537
Total
Three Months or Less	81,860	49,489
Over Three Through Six Months	100,502	81,150
Over Six Months Through 12 Months	66,014	127,663
Over 12 Months	7,472	7,391
Total	$ 255,848	$ 265,693

DEPOSITS - Narrative (Details)

DEPOSITS - Narrative (Details) - USD ($) $ in Thousands	Mar. 31, 2022	Dec. 31, 2021
Deposits [Abstract]
Deposits that meet or exceed the $250,000 FDIC insurance limit	$ 167,228	$ 172,537
Financial instruments pledged as collateral for certain deposits	28,700	28,700
Deposits that have been re-classified as loan balances	800	400
Deposits from principal officers, directors and their affiliates	16,100	18,900
Qualified Public Deposits ("QPD") that require collateral pledged	$ 89,300	$ 84,400

DEPOSITS - Maturities of Time D

DEPOSITS - Maturities of Time Deposits (Details) - USD ($) $ in Thousands	Mar. 31, 2022	Dec. 31, 2021
Time Deposits, Fiscal Year Maturity [Abstract]
1 year or less	$ 248,376	$ 258,302
Over 1 through 2 years	7,345	6,669
Over 2 through 3 years	127	722
Over 3 through 4 years	0	0
Over 4 through 5 years	0	0
Over 5 years	0	0
Total	$ 255,848	$ 265,693

DEBT AND BORROWINGS - Narrative

DEBT AND BORROWINGS - Narrative (Details)	Jan. 13, 2022USD ($)	Mar. 31, 2022USD ($)advance	Dec. 31, 2021USD ($)advance
Short-term Debt [Line Items]
Maximum percentage of assets allowed to borrow		25.00%
Total loans pledged to the Federal Home Loan Bank		$ 236,600,000	$ 235,300,000
Amount outstanding at period-end		5,000,000	$ 35,000,000
Outstanding letters of credit		28,700,000
Additional available borrowing capacity		$ 145,200,000
Number of advances \| advance		0	0
Valley National Bank, N. A.
Short-term Debt [Line Items]
Line of credit maximum		$ 25,000,000
Valley National Bank, N. A. \| Line of Credit
Short-term Debt [Line Items]
Line of credit		$ 0	$ 10,000,000
Subordinated Notes Due 2032 \| Subordinated Debt.
Short-term Debt [Line Items]
Principal amount	$ 25,000,000
Fixed rate	3.38%
Interest rate initial term	5 years
Subordinated Notes Due 2032 \| Subordinated Debt. \| Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate
Short-term Debt [Line Items]
Variable rate	2.03%

DEBT AND BORROWINGS - Certain I

DEBT AND BORROWINGS - Certain Information on FHLB Borrowings (Details) - USD ($) $ in Thousands	3 Months Ended	12 Months Ended
	Mar. 31, 2022	Dec. 31, 2021
Debt Disclosure [Abstract]
Amount outstanding at period-end	$ 5,000	$ 35,000
Weighted average interest rate at period-end	0.81%	2.04%
Maximum month-end balance during period	$ 35,000	$ 35,000
Average balance outstanding during period	$ 26,333	$ 36,918
Weighted average interest rate during period	2.04%	2.01%

COMMON STOCK AND PREFERRED ST_2

COMMON STOCK AND PREFERRED STOCK (Details) - $ / shares	3 Months Ended
COMMON STOCK AND PREFERRED STOCK (Details) - $ / shares	Mar. 31, 2022	Mar. 31, 2021	Dec. 31, 2021
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)	13,665,801		13,446,400
Common stock issued (in shared)	230,312
Restricted stock grants (in shares)	170,647
Number of options exercised (in shares)	59,665
Restricted stock, shares issued net of shares for tax withholdings (in shares)	10,244
Restricted stock cancellations (in shares)	667
Number of shares repurchased (in shares)	0	54,479
Shares withheld for tax purposes (in shares)		3,210
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 - Assets Measured at

FAIR VALUE - Assets Measured at Fair Value on a Recurring and Nonrecurring Basis (Details) - USD ($) $ in Thousands	Mar. 31, 2022	Dec. 31, 2021
ASSETS:
Securities available for sale	$ 206,204
Equity securities	6,439	$ 6,638
Mortgage-backed securities
ASSETS:
Securities available for sale	134,215	130,103
United States agency obligations
ASSETS:
Securities available for sale	2,833	3,986
Corporate bonds
ASSETS:
Securities available for sale	1,511	1,513
Community Development District bonds
ASSETS:
Securities available for sale	29,411	17,674
Municipals
ASSETS:
Securities available for sale	1,035	1,091
Mutual Funds
ASSETS:
Equity securities	5,639	5,838
Other equity securities
ASSETS:
Equity securities	800	800
Fair Value, Recurring
ASSETS:
Loans held for sale	988	165
Derivative asset	1,912	1,144
LIABILITIES:
Derivative liability	1,912	1,144
Fair Value, Recurring \| Small Business Administration loan pools \| Available for sale - taxable
ASSETS:
Securities available for sale	37,199	39,934
Fair Value, Recurring \| Mortgage-backed securities \| Available for sale - taxable
ASSETS:
Securities available for sale	134,215	130,103
Fair Value, Recurring \| United States agency obligations \| Available for sale - taxable
ASSETS:
Securities available for sale	2,833	3,986
Fair Value, Recurring \| Corporate bonds \| Available for sale - taxable
ASSETS:
Securities available for sale	1,511	1,513
Fair Value, Recurring \| Community Development District bonds \| Available for sale - tax-exempt
ASSETS:
Securities available for sale	29,411	17,674
Fair Value, Recurring \| Municipals \| Available for sale - tax-exempt
ASSETS:
Securities available for sale	1,035	1,091
Fair Value, Recurring \| Mutual Funds
ASSETS:
Equity securities	5,639	5,838
Fair Value, Recurring \| Other equity securities
ASSETS:
Equity securities	800	800
Fair Value, Recurring \| Quoted Prices in Active Markets for Identical Assets (Level 1)
ASSETS:
Loans held for sale	988	165
Derivative asset	0	0
LIABILITIES:
Derivative liability	0	0
Fair Value, Recurring \| Quoted Prices in Active Markets for Identical Assets (Level 1) \| Small Business Administration loan pools \| Available for sale - taxable
ASSETS:
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
ASSETS:
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
ASSETS:
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
ASSETS:
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
ASSETS:
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
ASSETS:
Securities available for sale	0	0
Fair Value, Recurring \| Quoted Prices in Active Markets for Identical Assets (Level 1) \| Mutual Funds
ASSETS:
Equity securities	5,639	5,838
Fair Value, Recurring \| Quoted Prices in Active Markets for Identical Assets (Level 1) \| Other equity securities
ASSETS:
Equity securities	800	800
Fair Value, Recurring \| Significant Other Observable Inputs (Level 2)
ASSETS:
Loans held for sale	0	0
Derivative asset	1,912	1,144
LIABILITIES:
Derivative liability	1,912	1,144
Fair Value, Recurring \| Significant Other Observable Inputs (Level 2) \| Small Business Administration loan pools \| Available for sale - taxable
ASSETS:
Securities available for sale	37,199	39,934
Fair Value, Recurring \| Significant Other Observable Inputs (Level 2) \| Mortgage-backed securities \| Available for sale - taxable
ASSETS:
Securities available for sale	134,215	130,103
Fair Value, Recurring \| Significant Other Observable Inputs (Level 2) \| United States agency obligations \| Available for sale - taxable
ASSETS:
Securities available for sale	2,833	3,986
Fair Value, Recurring \| Significant Other Observable Inputs (Level 2) \| Corporate bonds \| Available for sale - taxable
ASSETS:
Securities available for sale	1,511	1,513
Fair Value, Recurring \| Significant Other Observable Inputs (Level 2) \| Community Development District bonds \| Available for sale - tax-exempt
ASSETS:
Securities available for sale	29,411	17,674
Fair Value, Recurring \| Significant Other Observable Inputs (Level 2) \| Municipals \| Available for sale - tax-exempt
ASSETS:
Securities available for sale	1,035	1,091
Fair Value, Recurring \| Significant Other Observable Inputs (Level 2) \| Mutual Funds
ASSETS:
Equity securities	0	0
Fair Value, Recurring \| Significant Other Observable Inputs (Level 2) \| Other equity securities
ASSETS:
Equity securities	0	0
Fair Value, Recurring \| Significant Unobservable Inputs (Level 3)
ASSETS:
Loans held for sale	0	0
Derivative asset	0	0
LIABILITIES:
Derivative liability	0	0
Fair Value, Recurring \| Significant Unobservable Inputs (Level 3) \| Small Business Administration loan pools \| Available for sale - taxable
ASSETS:
Securities available for sale	0	0
Fair Value, Recurring \| Significant Unobservable Inputs (Level 3) \| Mortgage-backed securities \| Available for sale - taxable
ASSETS:
Securities available for sale	0	0
Fair Value, Recurring \| Significant Unobservable Inputs (Level 3) \| United States agency obligations \| Available for sale - taxable
ASSETS:
Securities available for sale	0	0
Fair Value, Recurring \| Significant Unobservable Inputs (Level 3) \| Corporate bonds \| Available for sale - taxable
ASSETS:
Securities available for sale	0	0
Fair Value, Recurring \| Significant Unobservable Inputs (Level 3) \| Community Development District bonds \| Available for sale - tax-exempt
ASSETS:
Securities available for sale	0	0
Fair Value, Recurring \| Significant Unobservable Inputs (Level 3) \| Municipals \| Available for sale - tax-exempt
ASSETS:
Securities available for sale	0	0
Fair Value, Recurring \| Significant Unobservable Inputs (Level 3) \| Mutual Funds
ASSETS:
Equity securities	0	0
Fair Value, Recurring \| Significant Unobservable Inputs (Level 3) \| Other equity securities
ASSETS:
Equity securities	$ 0	$ 0

FAIR VALUE - Assets Measured _2

FAIR VALUE - Assets Measured at Fair Value on a Non-recurring Basis (Details) - Fair Value, Nonrecurring - USD ($) $ in Thousands	3 Months Ended	12 Months Ended
	Mar. 31, 2022	Dec. 31, 2021
Fair Value
Assets, fair value	$ 779	$ 797
Total Gains (Losses)	(1,343)	(1,325)
Commercial real estate \| Commercial Portfolio Segment
Fair Value
Assets, fair value	0	0
Total Gains (Losses)	0	0
Residential real estate \| Consumer Portfolio Segment
Fair Value
Assets, fair value	0	0
Total Gains (Losses)	0	0
Commercial \| Commercial Portfolio Segment
Fair Value
Assets, fair value	779	797
Total Gains (Losses)	(689)	(671)
Construction and land development
Fair Value
Assets, fair value	0	0
Total Gains (Losses)	0	0
Consumer and other \| Consumer Portfolio Segment
Fair Value
Assets, fair value	0	0
Total Gains (Losses)	(654)	(654)
Quoted Prices in Active Markets for Identical Assets (Level 1)
Fair Value
Assets, fair value	0	0
Quoted Prices in Active Markets for Identical Assets (Level 1) \| Commercial real estate \| Commercial Portfolio Segment
Fair Value
Assets, fair value	0	0
Quoted Prices in Active Markets for Identical Assets (Level 1) \| Residential real estate \| Consumer Portfolio Segment
Fair Value
Assets, fair value	0	0
Quoted Prices in Active Markets for Identical Assets (Level 1) \| Commercial \| Commercial Portfolio Segment
Fair Value
Assets, fair value	0	0
Quoted Prices in Active Markets for Identical Assets (Level 1) \| Construction and land development
Fair Value
Assets, fair value	0	0
Quoted Prices in Active Markets for Identical Assets (Level 1) \| Consumer and other \| Consumer Portfolio Segment
Fair Value
Assets, fair value	0	0
Significant Other Observable Inputs (Level 2)
Fair Value
Assets, fair value	0	0
Significant Other Observable Inputs (Level 2) \| Commercial real estate \| Commercial Portfolio Segment
Fair Value
Assets, fair value	0	0
Significant Other Observable Inputs (Level 2) \| Residential real estate \| Consumer Portfolio Segment
Fair Value
Assets, fair value	0	0
Significant Other Observable Inputs (Level 2) \| Commercial \| Commercial Portfolio Segment
Fair Value
Assets, fair value	0	0
Significant Other Observable Inputs (Level 2) \| Construction and land development
Fair Value
Assets, fair value	0	0
Significant Other Observable Inputs (Level 2) \| Consumer and other \| Consumer Portfolio Segment
Fair Value
Assets, fair value	0	0
Significant Unobservable Inputs (Level 3)
Fair Value
Assets, fair value	779	797
Significant Unobservable Inputs (Level 3) \| Commercial real estate \| Commercial Portfolio Segment
Fair Value
Assets, fair value	0	0
Significant Unobservable Inputs (Level 3) \| Residential real estate \| Consumer Portfolio Segment
Fair Value
Assets, fair value	0	0
Significant Unobservable Inputs (Level 3) \| Commercial \| Commercial Portfolio Segment
Fair Value
Assets, fair value	779	797
Significant Unobservable Inputs (Level 3) \| Construction and land development
Fair Value
Assets, fair value	0	0
Significant Unobservable Inputs (Level 3) \| Consumer and other \| Consumer Portfolio Segment
Fair Value
Assets, fair value	$ 0	$ 0

FAIR VALUE - Carrying Amount an

FAIR VALUE - Carrying Amount and Estimated Fair Value (Details) - USD ($) $ in Thousands	Mar. 31, 2022	Dec. 31, 2021
Financial Assets:
Securities, available for sale - taxable	$ 175,758	$ 175,536
Securities, available for sale - tax-exempt	30,446	18,765
Securities held to maturity, fair value	214	242
Securities, equity	6,439	6,638
Financial Liabilities:
Subordinated debt	24,409	0
Other equity securities
Financial Assets:
Securities, equity	800	800
Level 1, 2 & 3 \| Carrying Amount
Financial Assets:
Accrued interest receivable	5,525	5,272
Level 1, 2 & 3 \| Fair Value
Financial Assets:
Accrued interest receivable	5,525	5,272
Level 1 \| Carrying Amount
Financial Assets:
Cash & due from banks, including interest bearing deposits	717,637	583,990
Federal funds sold	24,089	13,477
Securities, equity	5,639	5,838
Loans held for sale	988	165
Level 1 \| Carrying Amount \| Other equity securities
Financial Assets:
Securities, equity	800	800
Level 1 \| Fair Value
Financial Assets:
Cash & due from banks, including interest bearing deposits	717,637	583,990
Federal funds sold	24,089	13,477
Securities, equity	5,639	5,838
Loans held for sale	988	165
Level 1 \| Fair Value \| Other equity securities
Financial Assets:
Securities, equity	800	800
Level 2 \| Carrying Amount
Financial Assets:
Securities, available for sale - taxable	184,971	177,080
Securities, available for sale - tax-exempt	30,692	18,214
Securities held to maturity, fair value	218	236
Bank owned life insurance	38,758	38,485
Derivative asset	1,912	1,144
Financial Liabilities:
Deposits	2,587,277	2,371,388
Federal Home Loan Bank advances	5,000	35,000
Subordinated debt	24,409
Line of credit		10,000
Customer derivatives - interest rate swaps	1,912	1,144
Level 2 \| Fair Value
Financial Assets:
Securities, available for sale - taxable	175,758	175,536
Securities, available for sale - tax-exempt	30,446	18,765
Securities held to maturity, fair value	214	242
Bank owned life insurance	38,758	38,485
Derivative asset	1,912	1,144
Financial Liabilities:
Deposits	2,475,854	2,372,372
Federal Home Loan Bank advances	4,989	34,274
Subordinated debt	24,409
Line of credit		10,000
Customer derivatives - interest rate swaps	1,912	1,144
Level 3 \| Carrying Amount
Financial Assets:
Loans, net	1,809,161	1,764,460
Level 3 \| Fair Value
Financial Assets:
Loans, net	$ 1,816,008	$ 1,779,968

CUSTOMER DERIVATIVES - INTERE_2

CUSTOMER DERIVATIVES - INTEREST RATE SWAPS (Details) $ in Thousands	3 Months Ended
	Mar. 31, 2022USD ($)item	Mar. 31, 2021USD ($)
Derivative [Line Items]
Derivative notional amount	$ 58,600
Swap fees	$ 112	$ 209
Swap
Derivative [Line Items]
Number of instruments held \| item	14
Derivative notional amount	$ 58,600
Swap fees	100
Derivative asset	1,900
Derivative liability	$ 1,900

LOAN COMMITMENTS AND OTHER RE_3

LOAN COMMITMENTS AND OTHER RELATED ACTIVITIES - Narrative (Details) - Subsequent Events - Pro Opp Fund LLC $ in Millions	1 Months Ended
	May 13, 2022USD ($)
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Committed capital	$ 0.8
Future investment commitment	$ 0.9

LOAN COMMITMENTS AND OTHER RE_4

LOAN COMMITMENTS AND OTHER RELATED ACTIVITIES - Summary of Contractual Amounts (Details) - USD ($) $ in Thousands	Mar. 31, 2022	Dec. 31, 2021
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Credit extension commitments	$ 574,778	$ 539,086
Available lines of credit
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Credit extension commitments	457,260	415,402
Unfunded loan commitments – fixed
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Credit extension commitments	75,345	62,126
Unfunded loan commitments – variable
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Credit extension commitments	26,848	46,698
Standby letters of credit
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Credit extension commitments	11,842	12,095
Commercial letters of credit
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Credit extension commitments	$ 3,483	$ 2,765

REGULATORY CAPITAL MATTERS - Na

REGULATORY CAPITAL MATTERS - Narrative (Details) - classification	Mar. 31, 2022	Dec. 31, 2021
Broker-Dealer, Net Capital Requirement, SEC Regulation [Abstract]
Capital conversion buffer	2.50%	2.50%
Number of classifications	5

REGULATORY CAPITAL MATTERS - Re

REGULATORY CAPITAL MATTERS - Required Amounts for Capital Adequacy (Details) $ in Thousands	Mar. 31, 2022USD ($)	Dec. 31, 2021USD ($)
Bank
Total Capital Amount
Actual amount	$ 235,860	$ 222,696
Minimum for capital adequacy amount	147,313	147,313
Minimum to be well capitalized amount	$ 184,141	$ 184,141
Total Capital Ratio
Actual ratio	0.128	0.121
Minimum for capital adequacy ratio	0.080	0.080
Minimum to be well capitalized ratio	0.100	0.100
Tier 1 Capital Amount
Actual amount	$ 221,203	$ 208,997
Minimum for capital adequacy amount	110,484	110,484
Minimum to be well capitalized amount	$ 147,313	$ 147,313
Tier 1 Capital Ratio
Actual ratio	0.120	0.113
Minimum for capital adequacy ratio	0.060	0.060
Minimum to be well capitalized ratio	0.080	0.080
Tier 1 Leverage Amount
Actual amount	$ 221,203	$ 208,997
Minimum for capital adequacy amount	108,580	108,580
Minimum to be well capitalized amount	$ 135,725	$ 135,725
Tier 1 Leverage Ratio
Actual ratio	0.081	0.077
Minimum for capital adequacy ratio	0.040	0.040
Minimum to be well capitalized ratio	0.050	0.050
Common Equity Tier 1 Amount
Actual amount	$ 221,203	$ 208,997
Minimum for capital adequacy amount	82,863	82,863
Minimum to be well capitalized amount	$ 119,692	$ 119,692
Common Equity Tier 1 Ratio
Actual ratio	0.120	0.121
Minimum for capital adequacy ratio	0.045	0.045
Minimum to be well capitalized ratio	0.065	0.065
Company
Total Capital Amount
Actual amount	$ 250,202	$ 220,206
Minimum for capital adequacy amount	$ 147,313	$ 147,313
Total Capital Ratio
Actual ratio	0.136	0.120
Minimum for capital adequacy ratio	0.080	0.080
Tier 1 Capital Amount
Actual amount	$ 211,136	$ 206,507
Minimum for capital adequacy amount	$ 110,484	$ 110,484
Tier 1 Capital Ratio
Actual ratio	0.115	0.119
Minimum for capital adequacy ratio	0.060	0.060
Tier 1 Leverage Amount
Actual amount	$ 211,136	$ 206,507
Minimum for capital adequacy amount	$ 108,580	$ 108,580
Tier 1 Leverage Ratio
Actual ratio	0.078	0.077
Minimum for capital adequacy ratio	0.040	0.040
Common Equity Tier 1 Amount
Actual amount	$ 211,136	$ 206,507
Minimum for capital adequacy amount	$ 82,863	$ 82,863
Common Equity Tier 1 Ratio
Actual ratio	0.115	0.119
Minimum for capital adequacy ratio	0.045	0.045