BayFirst Financial (BAFN) 10-Q 10 Nov 22 2022 Q3 Quarterly report Financial data

Cover

Cover - shares	9 Months Ended
	Sep. 30, 2022	Nov. 07, 2022
Cover [Abstract]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Sep. 30, 2022
Document Transition Report	false
Entity File Number	001-41068
Entity Registrant Name	BAYFIRST FINANCIAL CORP.
Entity Incorporation, State or Country Code	FL
Entity Tax Identification Number	59-3665079
Entity Address, Address Line One	700 Central Avenue
Entity Address, City or Town	St. Petersburg
Entity Address, State or Province	FL
Entity Address, Postal Zip Code	33701
City Area Code	727
Local Phone Number	440-6848
Title of 12(b) Security	Common stock
Trading Symbol	BAFN
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		4,037,895
Entity Central Index Key	0001649739
Current Fiscal Year End Date	--12-31
Document Fiscal Year Focus	2022
Document Fiscal Period Focus	Q3
Amendment Flag	false

CONSOLIDATED BALANCE SHEETS

CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Sep. 30, 2022	Dec. 31, 2021
ASSETS
Cash and due from banks	$ 3,131	$ 2,869
Interest-bearing deposits in banks	33,365	106,858
Cash and cash equivalents	36,496	109,727
Time deposits in banks	4,881	2,381
Investment securities available for sale	42,915	30,893
Investment securities held to maturity	5,008	2
Restricted equity securities, at cost	2,531	2,827
SBA loans held for investment, at fair value	24,965	9,614
Loans held for investment, at amortized cost net of allowance for loan losses of $9,739 and $13,452	646,101	560,882
Accrued interest receivable	3,789	3,532
Premises and equipment, net	32,779	29,091
Loan servicing rights	9,932	6,407
Deferred income tax asset	1,937	454
Right-of-use operating lease assets	2,985	3,263
Bank owned life insurance	25,004	24,547
Other assets	13,632	13,634
Assets from discontinued operations	76,747	118,381
Total assets	930,275	917,095
Liabilities:
Noninterest-bearing deposits	104,215	83,638
Interest-bearing transaction accounts	190,985	163,495
Savings and money market deposits	380,576	423,864
Time deposits	109,960	50,688
Total deposits	785,736	721,685
FRB borrowings	28,000	0
Subordinated debentures	5,990	5,985
Notes payable	2,958	3,299
PPP Liquidity Facility	0	69,654
Accrued interest payable	236	326
Operating lease liabilities	3,355	3,431
Accrued expenses and other liabilities	9,374	10,171
Liabilities from discontinued operations	3,989	6,254
Total liabilities	839,638	820,805
Shareholders’ equity:
Common stock and additional paid-in capital; no par value, 15,000,000 shares authorized, 4,031,937 and 3,981,117 shares issued and outstanding at September 30, 2022 and December 31, 2021, respectively	52,770	51,496
Accumulated other comprehensive loss, net	(3,780)	(420)
Unearned compensation	(323)	(17)
Retained earnings	32,686	35,947
Total shareholders’ equity	90,637	96,290
Total liabilities and shareholders’ equity	930,275	917,095
Government Guaranteed Loans
ASSETS
Government guaranteed loans held for sale	573	1,460
Preferred Stock, Series A
Shareholders’ equity:
Preferred stock	6,161	6,161
Preferred Stock, Series B
Shareholders’ equity:
Preferred stock	$ 3,123	$ 3,123

CONSOLIDATED BALANCE SHEETS (Pa

CONSOLIDATED BALANCE SHEETS (Parenthetical) - USD ($) $ in Thousands	Sep. 30, 2022	Dec. 31, 2021
Allowance for loan losses	$ 9,739	$ 13,452
Common stock and additional paid-in capital, shares authorized (in shares)	15,000,000	15,000,000
Common stock and additional paid-in capital, shares issued (in shares)	4,031,937	3,981,117
Common stock and additional paid-in capital, shares outstanding (in shares)	4,031,937	3,981,117
Preferred Stock, Series A
Preferred stock, shares authorized (in shares)	10,000	10,000
Preferred stock, shares issued (in shares)	6,395	6,395
Preferred stock, shares outstanding (in shares)	6,395	6,395
Preferred stock, aggregate liquidation preference	$ 6,395	$ 6,395
Preferred Stock, Series B
Preferred stock, shares authorized (in shares)	20,000	20,000
Preferred stock, shares issued (in shares)	3,210	3,210
Preferred stock, shares outstanding (in shares)	3,210	3,210
Preferred stock, aggregate liquidation preference	$ 3,210	$ 3,210

CONSOLIDATED STATEMENTS OF INCO

CONSOLIDATED STATEMENTS OF INCOME (UNAUDITED) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Interest income:
Loans, including fees	$ 10,650	$ 8,617	$ 24,812	$ 36,244
Interest-bearing deposits in banks and other	634	188	1,234	420
Total interest income	11,284	8,805	26,046	36,664
Interest expense:
Deposits	1,856	1,152	4,133	3,666
Borrowings	258	377	487	2,218
Total interest expense	2,114	1,529	4,620	5,884
Net interest income	9,170	7,276	21,426	30,780
Provision for loan losses	750	(3,000)	(1,400)	(1,000)
Net interest income after provision for loan losses	8,420	10,276	22,826	31,780
Noninterest income:
Loan servicing income, net	620	412	1,508	1,441
Gain (loss) on sale of government guaranteed loans, net	7,446	(338)	15,915	13,460
Service charges and fees	347	261	951	730
SBA loan fair value gain	999	72	3,510	151
Other noninterest income	392	203	1,262	595
Total noninterest income	9,804	610	23,146	16,377
Noninterest expense:
Salaries and benefits	6,758	6,481	21,177	18,047
Bonus, commissions, and incentives	883	414	1,833	2,376
Occupancy and equipment	1,070	790	3,010	2,362
Data processing	1,247	1,047	3,486	4,266
Marketing and business development	662	693	2,100	1,727
Professional services	956	1,267	3,089	2,554
Loan origination and collection	1,068	683	2,486	2,284
Employee recruiting and development	518	441	1,653	1,213
Regulatory assessments	110	138	299	340
Other noninterest expense	886	612	2,586	1,847
Total noninterest expense	14,158	12,566	41,719	37,016
Income (loss) from continuing operations before income taxes	4,066	(1,680)	4,253	11,141
Income tax expense (benefit) from continuing operations	983	(362)	888	2,968
Net income from continuing operations	3,083	(1,318)	3,365	8,173
(Loss) income from discontinued operations before income taxes	(5,973)	3,459	(6,706)	18,154
Income tax (benefit) expense from discontinued operations	(1,488)	861	(1,670)	4,520
Net (loss) income from discontinued operations	(4,485)	2,598	(5,036)	13,634
Net income (loss)	(1,402)	1,280	(1,671)	21,807
Preferred stock dividends	208	230	624	797
Net income available to (loss attributable to) common shareholders, basic	$ (1,610)	$ 1,050	$ (2,295)	$ 21,010
Basic earnings (loss) per common share:
Continuing operations (in dollars per share)	$ 0.71	$ (0.40)	$ 0.68	$ 1.97
Discontinued operations (in dollars per share)	(1.11)	0.66	(1.25)	3.63
Total basic earnings (loss) per common share (in dollars per share)	(0.40)	0.26	(0.57)	5.60
Diluted earnings (loss) per common share:
Continuing operations (in dollars per share)	0.68	(0.40)	0.67	1.86
Discontinued operations (in dollars per share)	(1.03)	0.66	(1.15)	3.27
Total diluted earnings (loss) per common share (in dollars per share)	$ (0.35)	$ 0.26	$ (0.48)	$ 5.13

CONSOLIDATED STATEMENTS OF COMP

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (UNAUDITED) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Statement of Comprehensive Income [Abstract]
Net income (loss)	$ (1,402)	$ 1,280	$ (1,671)	$ 21,807
Net unrealized (losses) on investment securities available for sale	(1,628)	(108)	(4,530)	(274)
Deferred income tax benefit	422	29	1,170	73
Other comprehensive loss, net	(1,206)	(79)	(3,360)	(201)
Comprehensive income (loss)	$ (2,608)	$ 1,201	$ (5,031)	$ 21,606

CONSOLIDATED STATEMENTS OF CHAN

CONSOLIDATED STATEMENTS OF CHANGES IN SHAREHOLDERS’ EQUITY (UNAUDITED) - USD ($) $ in Thousands		Total	Preferred Stock, Series B	Preferred Stock Preferred Stock, Series A	Preferred Stock Preferred Stock, Series B	Common Stock and Additional Paid-in Capital		Accumulated Other Comprehensive Income (Loss)	Unearned Compensation	Retained Earnings
Beginning balance (in shares) at Dec. 31, 2020				6,395	8,760	3,485,018	[1]
Beginning balance at Dec. 31, 2020		$ 71,069		$ 6,161	$ 8,516	$ 43,043		$ 0	$ (41)	$ 13,390
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income (loss)		21,807								21,807
Issuance of common stock under:
Non-qualified stock purchase plan (in shares)	[1]					35,433
Non-qualified stock purchase plan		$ 662				$ 662
Dividend reinvestment plan (in shares)		17,971				17,971	[1]
Dividend reinvestment plan		$ 389				$ 389
Employee stock ownership plan (in shares)	[1]					24,920
Employee stock ownership plan		366				$ 366
Issuance of stock during the period, net (in shares)					740	35,426	[1]
Issuance of stock during the period, net		701	$ 727		$ 727	$ 701
Stock-based awards - common stock:
Restricted stock expense, net of tax impact (in shares)	[1]					2,031
Restricted stock expense, net of tax impact		43				$ 25			18
Stock option expense		310				$ 310
Conversion of Series B preferred stock to common stock (in shares)					5,190	319,178	[1]
Conversion of Series B preferred stock to common stock		0			$ (5,050)	$ 5,050
Other comprehensive loss, net		(201)						(201)
Dividends declared on:
Dividend declared on preferred stock		(797)								(797)
Dividend declared on common stock		(778)								(778)
Ending balance at Sep. 30, 2021		94,298		$ 6,161	$ 4,193	$ 50,546		(201)	(23)	33,622
Ending balance (in shares) at Sep. 30, 2021				6,395	4,310	3,919,977	[1]
Beginning balance (in shares) at Dec. 31, 2020				6,395	8,760	3,485,018	[1]
Beginning balance at Dec. 31, 2020		$ 71,069		$ 6,161	$ 8,516	$ 43,043		0	(41)	13,390
Issuance of common stock under:
Dividend reinvestment plan (in shares)		17,971
Ending balance at Dec. 31, 2021		$ 96,290		$ 6,161	$ 3,123	$ 51,496		(420)	(17)	35,947
Ending balance (in shares) at Dec. 31, 2021				6,395	3,210	3,981,117	[1]
Beginning balance (in shares) at Jun. 30, 2021				6,395	4,580	3,867,414	[1]
Beginning balance at Jun. 30, 2021		92,813		$ 6,161	$ 4,456	$ 49,501		(122)	(29)	32,846
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income (loss)		1,280								1,280
Issuance of common stock under:
Non-qualified stock purchase plan (in shares)	[1]					8,247
Non-qualified stock purchase plan		218				$ 218
Dividend reinvestment plan (in shares)	[1]					4,337
Dividend reinvestment plan		105				$ 105
Employee stock ownership plan (in shares)	[1]					24,920
Employee stock ownership plan		366				$ 366
Stock-based awards - common stock:
Restricted stock expense, net of tax impact		6							6
Stock option expense		93				$ 93
Conversion of Series B preferred stock to common stock (in shares)					270	15,059	[1]
Conversion of Series B preferred stock to common stock		0			$ (263)	$ 263
Other comprehensive loss, net		(79)						(79)
Dividends declared on:
Dividend declared on preferred stock		(230)								(230)
Dividend declared on common stock		(274)								(274)
Ending balance at Sep. 30, 2021		94,298		$ 6,161	$ 4,193	$ 50,546		(201)	(23)	33,622
Ending balance (in shares) at Sep. 30, 2021				6,395	4,310	3,919,977	[1]
Beginning balance (in shares) at Dec. 31, 2021				6,395	3,210	3,981,117	[1]
Beginning balance at Dec. 31, 2021		96,290		$ 6,161	$ 3,123	$ 51,496		(420)	(17)	35,947
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income (loss)		(1,671)								(1,671)
Issuance of common stock under:
Non-qualified stock purchase plan (in shares)	[1]					12,837
Non-qualified stock purchase plan		$ 232				$ 232
Dividend reinvestment plan (in shares)		9,776				9,776	[1]
Dividend reinvestment plan		$ 167				$ 167
Repurchase of common stock (in shares)	[1]					(2,212)
Repurchase of common stock		$ (49)				$ (49)
Exercise of stock options, net (in shares)		4,375				1,220	[1]
Exercise of stock options, net		$ 12				$ 12
Issuance of stock during the period, net (in shares)	[1]					750
Issuance of stock during the period, net		13				$ 13
Stock-based awards - common stock:
Restricted stock expense, net of tax impact (in shares)	[1]					28,449
Restricted stock expense, net of tax impact		307				$ 613			(306)
Stock option expense		286				286
Other comprehensive loss, net		(3,360)						(3,360)
Dividends declared on:
Dividend declared on preferred stock		(624)								(624)
Dividend declared on common stock		(966)								(966)
Ending balance at Sep. 30, 2022		90,637		$ 6,161	$ 3,123	$ 52,770		(3,780)	(323)	32,686
Ending balance (in shares) at Sep. 30, 2022				6,395	3,210	4,031,937	[1]
Beginning balance (in shares) at Jun. 30, 2022				6,395	3,210	4,019,023	[1]
Beginning balance at Jun. 30, 2022		93,295		$ 6,161	$ 3,123	$ 52,432		(2,574)	(467)	34,620
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income (loss)		(1,402)								(1,402)
Issuance of common stock under:
Non-qualified stock purchase plan (in shares)	[1]					11,565
Non-qualified stock purchase plan		211				$ 211
Dividend reinvestment plan (in shares)	[1]					4,525
Dividend reinvestment plan		84				$ 84
Exercise of stock options, net (in shares)	[1]					495
Exercise of stock options, net		7				$ 7
Stock-based awards - common stock:
Restricted stock expense, net of tax impact (in shares)	[1]					(3,671)
Restricted stock expense, net of tax impact		66				$ (78)			144
Stock option expense		114				114
Other comprehensive loss, net		(1,206)						(1,206)
Dividends declared on:
Dividend declared on preferred stock		(208)								(208)
Dividend declared on common stock		(324)								(324)
Ending balance at Sep. 30, 2022		$ 90,637		$ 6,161	$ 3,123	$ 52,770		$ (3,780)	$ (323)	$ 32,686
Ending balance (in shares) at Sep. 30, 2022				6,395	3,210	4,031,937	[1]
[1]Common shares for all periods shown herein reflect the three-for-two stock split, effective on May 10, 2021.

CONSOLIDATED STATEMENTS OF CH_2

CONSOLIDATED STATEMENTS OF CHANGES IN SHAREHOLDERS’ EQUITY (UNAUDITED) (Parenthetical)	3 Months Ended		9 Months Ended
	Sep. 30, 2022 $ / shares	Sep. 30, 2021 $ / shares	Sep. 30, 2022 $ / shares	Sep. 30, 2021 $ / shares
Statement of Stockholders' Equity [Abstract]
Dividend declared on common stock (in dollars per share)	$ 0.08	$ 0.07	$ 0.24	$ 0.207

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021
Cash flows from operating activities:
Net income from continuing operations	$ 3,365	$ 8,173
Net (loss) income from discontinued operations	(5,036)	13,634
Net income (loss)	(1,671)	21,807
Adjustments to reconcile net income (loss) to net cash from operating activities:
Depreciation of fixed assets	1,247	1,286
Net securities premium amortization	40	39
Amortization of debt issuance costs	0	35
Amortization of premium (discount) on loans purchased	86	(56)
Provision for loan losses	(1,400)	(1,000)
Accretion of discount on unguaranteed loans	(2,087)	(1,523)
Deferred tax expense (benefit)	(313)	2,618
Origination of SBA loans held for sale	(2,018)	0
Proceeds from sales of SBA loans held for sale	268,250	0
Net gains on sales of SBA loans	(15,915)	(13,460)
Change in fair value of SBA loans held for investment, at fair value	(3,510)	(151)
Amortization of loan servicing rights	2,216	2,327
Non-qualified stock purchase plan expense	78	56
Stock based compensation expense	515	353
Income from bank owned life insurance	(457)	(251)
Changes in:
Accrued interest receivable	(257)	2,978
Other assets	227	(5,472)
Accrued interest payable	(90)	(1,437)
Other liabilities	(873)	3,400
Net cash provided by (used in) operating activities of continuing operations	249,104	(2,085)
Net cash provided by operating activities of discontinued operations	34,333	130,999
Net cash provided by operating activities	283,437	128,914
Cash flows from investing activities:
Purchase of investment securities available for sale	(20,326)	(33,208)
Principal payments on investment securities available for sale	2,234	361
Purchase of investment securities held to maturity	(3,568)	0
Principal payments on investment securities held to maturity	62	37
Net purchase (sale) of restricted equity securities	296	(465)
Purchase of time deposits in banks	(2,500)	0
Proceeds from sales of SBA loans originally classified as held for investment	0	331,352
Purchase of government guaranteed and consumer loans	(50,689)	0
Loan (originations) and payments, net	(298,083)	252,220
Purchase of premises and equipment	(4,935)	(7,955)
Net cash provided by (used in) investing activities	(377,509)	542,342
Cash flows from financing activities:
Net change in deposits	64,051	116,250
Net decrease of short-term borrowings	28,000	0
Proceeds from issuance of subordinated debt, net of costs	0	6,000
Payments on notes payable	(341)	(341)
Net repayments of PPP Liquidity Facility borrowings	(69,654)	(736,661)
Proceeds from issuance of preferred stock, net	0	727
Redemption of subordinated debt	0	(6,000)
Proceeds from sale of common stock, net	424	1,706
Common share buyback - redeemed stock	(49)	0
ESOP contribution	0	356
Dividends paid on common stock	(966)	(778)
Dividends paid on preferred stock	(624)	(797)
Net cash provided by (used in) financing activities	20,841	(619,538)
Net change in cash and cash equivalents	(73,231)	51,718
Cash and cash equivalents, beginning of period	109,727	55,379
Cash and cash equivalents, end of period	36,496	107,097
Supplemental cash flow information
Interest paid	4,710	7,321
Income taxes paid	169	10,322
Supplemental noncash disclosures
Net change in unrealized holding gain on investment securities available for sale	(3,360)	(201)
Transfer of available for sale debt securities to held to maturity securities at fair value	1,500	0
Transfer of SBA loans held for investment to loans held for sale	255,171	0
Transfer of loans held for investment to OREO	53	0
Recognition of right of use asset and operating lease liability	627	136
Conversion of Series B preferred stock to common stock	$ 0	$ 5,050

BASIS OF PRESENTATION

BASIS OF PRESENTATION	9 Months Ended
	Sep. 30, 2022
Accounting Policies [Abstract]
BASIS OF PRESENTATION	BASIS OF PRESENTATION The accompanying unaudited consolidated financial statements include BayFirst Financial Corp. and its wholly owned subsidiary, BayFirst National Bank, together referred to as “the Company”. These unaudited consolidated financial statements have been prepared in conformity with U.S. generally accepted accounting principles followed within the financial services industry for interim financial information and Article 8 of Regulation S-X. Accordingly, they do not include all of the information or notes required for complete financial statements. The condensed consolidated balance sheet as of December 31, 2021 has been derived from the audited consolidated financial statements of BayFirst Financial Corp. for that period. The Company currently operates one business segment. In the third quarter of 2022, the Company discontinued the Bank’s nationwide residential mortgage loan segment. The operations of this segment are reported as discontinued operations. In the opinion of management, all adjustments, consisting of normal and recurring items, considered necessary for a fair presentation of the consolidated financial statements for the interim periods have been included. All significant intercompany accounts and transactions have been eliminated in consolidation. Certain amounts reported in prior periods have been reclassified to conform to current year presentation. These reclassifications did not have a material effect on previously reported net income, shareholders’ equity, or cash flows. Operating results for the nine month period ended September 30, 2022 are not necessarily indicative of the results that may be expected for the year ending December 31, 2022. These statements should be read in conjunction with the consolidated financial statements and notes thereto for the year ended December 31, 2021. The Company’s significant accounting policies are described in Note 1 of the Notes to Consolidated Financial Statements for the year ended December 31, 2021 in the Company’s Annual Report filed on Form 10-K. There were no new accounting policies or changes to existing policies adopted during the first nine months of 2022 which had a significant effect on the Company’s results of operations or statement of financial condition. For interim reporting purposes, the Company follows the same basic accounting policies and considers each interim period as an integral part of an annual period. Effective May 10, 2021, the Company affected a three-for-two stock split. All share amounts and per share financial data contained in these financial statements related to periods prior and subsequent to this stock split have been adjusted to reflect the split. Use of Estimates : To prepare financial statements in conformity with GAAP, management makes estimates and assumptions based on available information. These estimates and assumptions affect the amounts reported in the financial statements and the disclosures provided, and actual results could differ. The most significant estimates relate to the allowance for loan losses, SBA loan servicing rights, and fair value of residential loans held for sale from discontinued operations and residential mortgage derivatives from discontinued operations. Emerging Growth Company Status: The Company is expected to remain an "emerging growth company," as defined in the JOBS Act, through December 31, 2026. Section 107 of the JOBS Act provides that an emerging growth company can take advantage of an extended transition period when complying with new or revised accounting standards. In other words, an emerging growth company can delay the adoption of certain accounting standards until those standards would otherwise apply to private companies. We have elected to take advantage of this extended transition period, which means these financial statements, as well as financial statements we file in the future for as long as we remain an emerging growth company, will be subject to all new or revised accounting standards generally applicable to private companies. Contingencies : Due to the nature of their activities, the Company and its subsidiary are at times engaged in various legal proceedings that arise in the course of normal business, some of which were outstanding as of September 30, 2022. Although the ultimate outcome of all claims and lawsuits outstanding as of September 30, 2022 cannot be ascertained at this time, it is the opinion of management that these matters, when resolved, will not have a material adverse effect on the Company’s results of operations or financial condition. New Accounting Standards Not Yet Adopted : In June 2016, the FASB issued ASU No. 2016-13, “Financial Instruments – Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments” (“ASU 2016-13”) . This new guidance was issued to replace the incurred loss model for loans and other financial assets with an expected loss model, which is referred to as the CECL model. The CECL model is applicable to the measurement of credit losses on financial assets measured at amortized cost, including loans receivable and debt securities held to maturity. It also applies to off-balance sheet credit exposures not accounted for as insurance (i.e., loan commitments, standby letters of credit, financial guarantees, and other similar instruments) and net investments in certain leases recognized by a lessor. In addition, the amendments in ASU 2016-13 require credit losses on investment securities available for sale to be presented as a valuation allowance rather than as a direct write-down thereon. The amendments in this ASU are effective for the Company for fiscal years beginning after December 15, 2022, and interim periods within those fiscal years. Early adoption is permitted; however, the Company has elected to adopt new or revised accounting standards using the delayed effective dates applicable to Emerging Growth Companies. Management is in the process of evaluating the impact of adoption of this ASU on its Consolidated Financial Statements, processes, and controls and is not currently able to reasonably estimate the impact of adoption on the Company’s consolidated financial position or results of operations; however, adoption is likely to lead to significant changes in accounting policies related to, and the methods employed in estimating, the allowance for credit losses. It is possible that the impact will be material to the Company’s consolidated financial position and results of operati ons. To date, the Company has established a CECL steering committee and has an implementation plan. The Company has segmented the loan portfolio based on similar risk characteristics and reviewed and selected methodologies for estimating expected credit losses. Calculations from our model are being reviewed, and we expect to implement timely. ASU 2022-02, “Financial Instruments - Credit Losses (Topic 326)” (“ASU 2022-02”) 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. ASU 2022-02 is effective January 1, 2023 and is not expected to have a significant impact on our financial statement disclosures.

DISCONTINUED OPERATIONS

DISCONTINUED OPERATIONS	9 Months Ended
	Sep. 30, 2022
Discontinued Operations and Disposal Groups [Abstract]
DISCONTINUED OPERATIONS	DISCONTINUED OPERATIONS During the third quarter of 2022, the Company discontinued the Bank’s nationwide residential mortgage loan production operations. The decision was based on a number of strategic priorities and other factors, including the precipitous decline in mortgage volumes and the uncertain outlook for mortgage lending over future periods. As a result of these actions, the Company classified the operations of the residential mortgage lending division as discontinued under ASC 205-20. The Consolidated Balance Sheets, Consolidated Statements of Income, and Consolidated Statements of Cash Flows present discontinued operations for the current period and retrospectively for prior periods. The following is a summary of the assets and liabilities of the discontinued operations of the residential mortgage lending division at September 30, 2022 and December 31, 2021: September 30, 2022 December 31, 2021 Assets Loans held for sale, at fair value $ 71,553 $ 114,131 Premises and equipment, net — 580 Loan servicing rights 125 212 Mortgage banking derivative asset 2,080 1,550 Right-of-use operating lease asset 612 1,280 Accrued interest 79 31 Other assets 2,298 597 Total assets $ 76,747 $ 118,381 Liabilities Operating lease liability $ 1,322 $ 1,316 Mortgage banking derivative liability 473 189 Other liabilities 2,194 4,749 Total liabilities $ 3,989 $ 6,254 The following presents operating results of the discontinued operations of the residential mortgage lending division for the three and nine months ended September 30, 2022 and September 30, 2021: Three Months Ended September 30, Nine Months Ended September 30, 2022 2021 2022 2021 Interest income $ 862 $ 740 $ 2,466 $ 2,770 Noninterest income 7,116 21,382 30,540 76,986 Total net revenue 7,978 22,122 33,006 79,756 Noninterest expense 13,951 18,663 39,712 61,602 (Loss) income from discontinued operations before income taxes (5,973) 3,459 (6,706) 18,154 Income tax (benefit) expense (1,488) 861 (1,670) 4,520 Net (loss) income from discontinued operations $ (4,485) $ 2,598 $ (5,036) $ 13,634

INVESTMENT SECURITIES

INVESTMENT SECURITIES	9 Months Ended
	Sep. 30, 2022
Investments, Debt and Equity Securities [Abstract]
INVESTMENT SECURITIES	INVESTMENT SECURITIES The amortized costs, gross unrealized gains and losses, and estimated fair values of investment securities available for sale and investment securities held to maturity at September 30, 2022 and December 31, 2021 are summarized as follows: September 30, 2022 Amortized Gross Gross Fair Investment securities available for sale: Asset-backed securities $ 9,992 $ — $ (207) $ 9,785 Mortgage-backed securities: U.S. Government-sponsored enterprises 4,209 — (741) 3,468 Collateralized mortgage obligations: U.S. Government-sponsored enterprises 22,477 — (3,932) 18,545 Corporate bonds 11,338 — (221) 11,117 Total investment securities available for sale $ 48,016 $ — $ (5,101) $ 42,915 Investment securities held to maturity: Mortgage-backed securities: U.S. Government-sponsored enterprises $ 2 $ — $ — $ 2 Corporate bonds 5,006 — (13) 4,993 Total investment securities held to maturity $ 5,008 $ — $ (13) $ 4,995 December 31, 2021 Amortized Gross Gross Fair Investment securities available for sale: Asset-backed securities $ 7,624 $ — $ (89) $ 7,535 Mortgage-backed securities: U.S. Government-sponsored enterprises 4,470 — (76) 4,394 Collateralized mortgage obligations: U.S. Government-sponsored enterprises 19,370 — (406) 18,964 Total investment securities available for sale $ 31,464 $ — $ (571) $ 30,893 Investment securities held to maturity: Mortgage-backed securities: U.S. Government-sponsored enterprises $ 2 $ — $ — $ 2 Total investment securities held to maturity $ 2 $ — $ — $ 2 The amortized cost and fair value of investment securities as of September 30, 2022 are shown in the table below by contractual maturity. Actual timing may differ from contractual maturities if borrowers have the right to call or prepay obligations with or without call or prepayment penalties. Available for Sale Held to Maturity Amortized Fair Amortized Fair One to five years $ 9,982 $ 9,806 $ 4,006 $ 3,993 Five to ten years 1,356 1,310 1,000 1,000 Beyond ten years 36,678 31,799 2 2 Total $ 48,016 $ 42,915 $ 5,008 $ 4,995 During the second quarter of 2022, the Company transferred a $1,500 previously designated available for sale investment security to a held to maturity designation at estimated fair value. The reclassification was permitted as the Company has appropriately determined the ability and intent to hold the investment security until maturity or call. The investment security had no unrealized net gain or loss at the time of transfer since it was purchased near the end of the first quarter of 2022. As of September 30, 2022, the Company's investment portfolio consisted of 22 securities, 18 of which were in an unrealized loss position. The unrealized losses for these securities resulted primarily from changes in interest rates since purchased. The Company expects full recovery of the carrying amount of these securities and does not intend to sell the securities in an unrealized loss position nor does it believe it will be required to sell securities in an unrealized loss position before the value is recovered. The Company does not consider these securities to be other-than-temporarily impaired at September 30, 2022. The following table summarizes investment securities with unrealized losses at September 30, 2022 aggregated by security type and length of time in a continuous unrealized loss position: Less than 12 Months 12 Months or Longer Total September 30, 2022 Fair Value Unrealized Losses Fair Value Unrealized Losses Fair Value Unrealized Losses Investment securities available for sale: Asset-backed securities $ 2,340 $ (37) $ 7,445 $ (170) $ 9,785 $ (207) Mortgage-backed securities: U.S. Government-sponsored enterprises — — 3,468 (741) 3,468 (741) Collateralized mortgage obligations: U.S. Government-sponsored enterprises 4,188 (446) 14,357 (3,486) 18,545 (3,932) Corporate Bonds 11,117 (221) — — 11,117 (221) Total investment securities held to maturity $ 17,645 $ (704) $ 25,270 $ (4,397) $ 42,915 $ (5,101) Investment securities held to maturity: Corporate Bonds $ 2,497 $ (13) $ — $ — $ 2,497 $ (13) Total investment securities held to maturity $ 2,497 $ (13) $ — $ — $ 2,497 $ (13) The following table summarizes investment securities with unrealized losses at December 31, 2021 aggregated by security type and length of time in a continuous unrealized loss position: Less than 12 Months 12 Months or Longer Total December 31, 2021 Fair Value Unrealized Losses Fair Value Unrealized Losses Fair Value Unrealized Losses Investment securities available for sale: Asset-backed securities $ 7,535 $ (89) $ — $ — $ 7,535 $ (89) Mortgage-backed securities: U.S. Government-sponsored enterprises 4,394 (76) — — 4,394 (76) Collateralized mortgage obligations: U.S. Government-sponsored enterprises 18,964 (406) — — 18,964 (406) Total investment securities available for sale $ 30,893 $ (571) $ — $ — $ 30,893 $ (571) No investment securities were pledged as of September 30, 2022 or December 31, 2021, and there were no sales of investment securities during the nine months ended September 30, 2022 or during the year ended December 31, 2021.

LOANS

LOANS	9 Months Ended
	Sep. 30, 2022
Receivables [Abstract]
LOANS	LOANS Loans held for investment, at amortized cost, at September 30, 2022 and December 31, 2021 were as follows: September 30, December 31, Real estate: Residential $ 176,574 $ 87,235 Commercial 220,210 163,477 Construction and land 9,259 18,632 Commercial and industrial 183,631 217,155 Commercial and industrial - PPP 22,286 80,158 Consumer and other 37,595 3,581 Loans held for investment, at amortized cost, gross 649,555 570,238 Deferred loan costs, net 9,047 7,975 Discount on SBA 7(a) loans sold (1) (5,068) (3,866) Premium (discount) on loans purchased 2,306 (13) Allowance for loan losses (9,739) (13,452) Loans held for investment, at amortized cost $ 646,101 $ 560,882 (1) The Company allocates the retained portion of loans sold based on relative fair value of the retained portion and the sold portion, which results in a discount on the retained portion.

ALLOWANCE FOR LOAN LOSSES

ALLOWANCE FOR LOAN LOSSES	9 Months Ended
	Sep. 30, 2022
Receivables [Abstract]
ALLOWANCE FOR LOAN LOSSES	ALLOWANCE FOR LOAN LOSSES The following schedule presents the activity in the allowance for loan losses by loan segment for the three and nine months ended September 30, 2022 and September 30, 2021: Three Months Ended Real Estate - Residential Real Estate - Commercial Real Estate - Construction and Land Commercial and Industrial Consumer and other Unallocated Total September 30, 2022 Beginning Balance $ 589 $ 1,133 $ 38 $ 6,764 $ 1,038 $ 2 $ 9,564 Charge-offs — 36 — (697) (68) — (729) Recoveries — 13 — 105 36 — 154 Provision 134 (66) (4) 670 13 3 750 Ending Balance $ 723 $ 1,116 $ 34 $ 6,842 $ 1,019 $ 5 $ 9,739 September 30, 2021 Beginning Balance $ 2,420 $ 3,153 $ 308 $ 14,125 $ 249 $ 542 $ 20,797 Charge-offs — (173) — (1,500) (20) — (1,693) Recoveries — 73 — 439 — — 512 Provision 136 129 31 (2,893) 83 (486) (3,000) Ending Balance $ 2,556 $ 3,182 $ 339 $ 10,171 $ 312 $ 56 $ 16,616 Nine Months Ended September 30, 2022 Beginning Balance $ 1,437 $ 2,349 $ 241 $ 9,202 $ 154 $ 69 $ 13,452 Charge-offs — (17) — (2,667) (109) — (2,793) Recoveries — 74 — 365 41 — 480 Provision (714) (1,290) (207) (58) 933 (64) (1,400) Ending Balance $ 723 $ 1,116 $ 34 $ 6,842 $ 1,019 $ 5 $ 9,739 September 30, 2021 Beginning Balance $ 2,088 $ 2,899 $ 310 $ 15,418 $ 252 $ 195 $ 21,162 Charge-offs — (173) — (4,090) (48) — (4,311) Recoveries — 73 — 688 4 — 765 Provision 468 383 29 (1,845) 104 (139) (1,000) Ending Balance $ 2,556 $ 3,182 $ 339 $ 10,171 $ 312 $ 56 $ 16,616 The following table presents the balance in the allowance for loan losses and the recorded investment in loans by loan segment and based on impairment method at September 30, 2022. The government guaranteed loan balances are included in the collectively evaluated for impairment balances. Real Estate- Real Estate- Real Estate - Commercial Commercial Consumer Unallocated Total Allowance for loan losses: Individually evaluated for impairment $ — $ — $ — $ 981 $ — $ — $ — $ 981 Collectively evaluated for impairment 723 1,116 34 5,861 — 1,019 5 8,758 Total $ 723 $ 1,116 $ 34 $ 6,842 $ — $ 1,019 $ 5 $ 9,739 Loans: Individually evaluated for impairment $ — $ 1,379 $ — $ 2,420 $ — $ — $ — $ 3,799 Collectively evaluated for impairment 176,574 218,831 9,259 181,211 22,286 37,595 — 645,756 Total $ 176,574 $ 220,210 $ 9,259 $ 183,631 $ 22,286 $ 37,595 $ — $ 649,555 The following table presents the balance in the allowance for loan losses and the recorded investment in loans by loan segment and based on impairment method at December 31, 2021. The government guaranteed loan balances are included in the collectively evaluated for impairment balances. Real Estate- Real Estate- Real Estate - Commercial Commercial Consumer Unallocated Total Allowance for loan losses: Individually evaluated for impairment $ — $ 91 $ — $ 902 $ — $ — $ — $ 993 Collectively evaluated for impairment 1,437 2,258 241 8,300 — 154 69 12,459 Total $ 1,437 $ 2,349 $ 241 $ 9,202 $ — $ 154 $ 69 $ 13,452 Loans: Individually evaluated for impairment $ 124 $ 2,900 $ — $ 902 $ — $ — $ — $ 3,926 Collectively evaluated for impairment 87,111 160,577 18,632 216,253 80,158 3,581 — 566,312 Total $ 87,235 $ 163,477 $ 18,632 $ 217,155 $ 80,158 $ 3,581 $ — $ 570,238 The following table presents information related to impaired loans by loan segment at and for the nine months ended September 30, 2022: Unpaid Recorded Allowance for Loan Losses Allocated Average Recorded Investment Interest Income Recognized Cash Basis Interest Recognized With no related allowance recorded: Real estate - residential $ — $ — $ — $ 124 $ — $ — Real estate - commercial 1,379 1,379 — 1,960 15 15 Subtotal 1,379 1,379 — 2,084 15 15 With an allowance recorded: Real estate - commercial — — — 76 — — Commercial and industrial 2,420 2,420 981 1,487 — — Subtotal 2,420 2,420 981 1,563 — — Total $ 3,799 $ 3,799 $ 981 $ 3,647 $ 15 $ 15 The following table presents information related to impaired loans by loan segment at and for the nine months ended September 30, 2021: Unpaid Recorded Allowance for Loan Losses Allocated Average Recorded Investment Interest Income Recognized Cash Basis Interest Recognized With no related allowance recorded: Real estate - commercial $ 2,786 $ 2,786 $ — $ 2,216 $ 6 $ 6 Subtotal 2,786 2,786 — 2,216 6 6 With an allowance recorded: Real estate - commercial 139 139 92 435 — — Commercial and industrial 790 790 790 864 — — Subtotal 929 929 882 1,299 — — Total $ 3,715 $ 3,715 $ 882 $ 3,515 $ 6 $ 6 For purposes of the impaired loans by loan segment tables above, the unpaid principal balance and recorded investment do not include the government guaranteed balance. The government guaranteed balances of impaired loans at September 30, 2022 and December 31, 2021 were $5,816 and $6,197, respectively. Nonaccrual loans and loans past due over 89 days still on accrual include both smaller balance homogenous loans that are collectively evaluated for impairment and individually classified impaired loans. The unguaranteed portions of government guaranteed loans that are under $100 are reserved in full. Impaired loans include commercial loans that are individually evaluated for impairment and deemed impaired as well as TDR for all loan portfolio segments. The sum of nonaccrual loans and loans past due over 89 days still on accrual will differ from the total impaired loan amount. The following table presents the recorded investment in nonaccrual and loans past due over 89 days still on accrual by loan segment at September 30, 2022 and December 31, 2021. In the following table, the recorded investment does not include the government guaranteed balance. Nonaccrual Loans Past Due Over September 30, 2022 December 31, 2021 September 30, 2022 December 31, 2021 Real estate - residential $ — $ 124 $ — $ 126 Real estate - commercial 1,379 2,815 — — Commercial and industrial 2,420 902 145 — Consumer and other — — 71 — Total $ 3,799 $ 3,841 $ 216 $ 126 The following table presents the aging of the recorded investment in past due loans at September 30, 2022 by loan segment: 30-89 Days Greater Than Total Past Due Loans Not Past Due (1) Total Loans Real estate - residential $ 117 $ 250 $ 367 $ 176,207 $ 176,574 Real estate - commercial 1,766 404 2,170 218,040 220,210 Real estate - construction and land — — — 9,259 9,259 Commercial and industrial 2,015 2,405 4,420 179,211 183,631 Commercial and industrial - PPP — — — 22,286 22,286 Consumer and other 417 71 488 37,107 37,595 Total $ 4,315 $ 3,130 $ 7,445 $ 642,110 $ 649,555 (1) For the purposes of the table above, $8,692 of balances 30-89 days past due and $1,198 of balances greater than 89 days past due are reported as Loans Not Past Due as a result of the government guaranty. Of those loans, $458 of commercial and industrial PPP loans were delinquent as of September 30, 2022. The following table presents the aging of the recorded investment in past due loans at December 31, 2021 by loan segment: 30-89 Days Greater Than Total Past Due Loans Not Past Due (1) Total Loans Real estate - residential $ 57 $ 250 $ 307 $ 86,928 $ 87,235 Real estate - commercial 192 1,778 1,970 161,507 163,477 Real estate - construction and land — — — 18,632 18,632 Commercial and industrial 991 424 1,415 215,740 217,155 Commercial and industrial - PPP — — — 80,158 80,158 Consumer and other — — — 3,581 3,581 Total $ 1,240 $ 2,452 $ 3,692 $ 566,546 $ 570,238 (1) For the purposes of the table above, $10,360 of balances 30-89 days past due and $2,807 of balances greater than 89 days past due are reported as Loans Not Past Due as a result of the government guaranty, and $11,089 of commercial and industrial PPP loans are primarily due to delinquencies from borrowers with only a PPP loan and no other Bank product. These borrowers were non-responsive to requests for forgiveness applications and payments, and applications were subsequently submitted to the SBA for their 100% guarantee purchase from the Bank. Credit Quality Indicators Internal risk-rating grades are assigned to loans by lending, credit administration or loan review personnel, based on an analysis of the financial and collateral strength and other credit attributes underlying each loan. Management analyzes the resulting ratings, as well as other statistics and factors such as delinquency, to track the migration performance of the portfolio balances. This analysis is performed at least annually. The Bank uses the following definitions for its risk ratings: Pass – Loans properly approved, documented, collateralized, and performing which do not reflect an abnormal credit risk. Special Mention – These credits constitute an undue and unwarranted credit risk, but not to a point of justifying a classification of “Substandard”. They have weaknesses that, if not checked or corrected, weaken the asset or inadequately protect the Bank. Substandard – These loans are inadequately protected by the current net worth and paying capacity of the obligor or of the collateral pledged, if any. Loans so classified have a well-defined weakness or weaknesses that jeopardize the liquidation of the debt. They are characterized by the distinct possibility that the Bank will sustain some loss if the deficiencies are not corrected. Doubtful – These loans have all the weaknesses inherent in those classified as Substandard with the added characteristic that the weaknesses make collection or repayment in full, on the basis of currently known facts, conditions, and values, highly questionable and improbable. The table below sets forth credit exposure for the loan portfolio disaggregated by loan segment based on internally assigned risk ratings at September 30, 2022: Pass Special Substandard Doubtful Total Loans Real estate - residential $ 176,574 $ — $ — $ — $ 176,574 Real estate - commercial 218,758 73 1,379 — 220,210 Real estate - construction and land 9,259 — — — 9,259 Commercial and industrial 180,618 112 2,901 — 183,631 Commercial and industrial - PPP 22,286 — — — 22,286 Consumer and other 37,595 — — — 37,595 Loans held for investment, at amortized cost $ 645,090 $ 185 $ 4,280 $ — $ 649,555 The table below sets forth credit exposure for the loan portfolio disaggregated by loan segment based on internally assigned risk ratings at December 31, 2021: Pass Special Substandard Doubtful Total Loans Real estate - residential $ 87,233 $ — $ 2 $ — $ 87,235 Real estate - commercial 160,492 170 2,815 — 163,477 Real estate - construction and land 18,632 — — — 18,632 Commercial and industrial 212,544 1,850 2,761 — 217,155 Commercial and industrial - PPP 80,158 — — — 80,158 Consumer and other 3,581 — — — 3,581 Loans held for investment, at amortized cost $ 562,640 $ 2,020 $ 5,578 $ — $ 570,238 Troubled Debt Restructurings The following table presents loans classified as TDR at September 30, 2022 and December 31, 2021: September 30, 2022 December 31, 2021 Accruing Nonaccruing Accruing Nonaccruing Real estate - commercial $ — $ — $ 85 $ 1,116 The Company had not committed to lend any additional amounts to the loans classified as TDR at December 31, 2021. The Company estimated $38 of impaired loan loss reserves for these loans at December 31, 2021. There were no loans which were modified in the previous twelve months that defaulted during the nine months ended September 30, 2022. There were no new loans classified as TDR during the nine months ended September 30, 2022. The CARES Act, signed into law on March 27, 2020, permits financial institutions to suspend requirements under GAAP for loan modifications to borrowers affected by COVID-19 that would otherwise be characterized as TDR and permitted any determination related thereto if (i) the loan modification was made between March 1, 2020 and the earlier of December 31, 2020 or 60 days after the end of the coronavirus emergency declaration and (ii) the applicable loan was not more than 30 days past due as of December 31, 2019. The CAA, signed into law on December 27, 2020, extended the applicable period to include modifications to loans held by financial institutions executed between March 1, 2020 and the earlier of (i) January 1, 2022 or (ii) 60 days after the date of the termination of the COVID-19 national emergency. In addition, federal bank regulatory authorities have issued guidance to encourage financial institutions to make loan modifications for borrowers affected by COVID-19 and have assured financial institutions that they will neither receive supervisory criticism for such prudent loan modifications, nor be required by examiners to automatically categorize COVID-19-related loan modifications as TDR. The Company is applying this guidance to qualifying loan modifications. Loan modifications related to COVID-19 at September 30, 2022 and December 31, 2021 are presented in the table below: September 30, 2022 December 31, 2021 Number of Outstanding Number of Loans Outstanding Recorded Investment Real estate - residential 1 $ 250 1 $ 258 Commercial and industrial 14 696 23 1,113 Total loan modifications related to COVID-19 15 $ 946 24 $ 1,371

FAIR VALUE

FAIR VALUE	9 Months Ended
	Sep. 30, 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 at 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, and 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. A financial instrument’s categorization within the valuation hierarchy is based upon the lowest level of input that is significant to the fair value measurement. The following is a description of the valuation methodologies used for instruments measured at fair value, as well as the general classification of such instruments pursuant to the valuation hierarchy. Investment Securities Available for Sale : The fair values of investment securities available for sale are determined by matrix pricing, which is a mathematical technique used to value debt securities without relying exclusively on quoted prices for the specific investment securities, but rather by relying on the investment securities’ relationship to other benchmark quoted investment securities (Level 2). Management obtains the fair values of investment securities available for sale on a monthly basis from a third party pricing service. Residential Loans Held for Sale : The Company has elected to account for residential loans held for sale at fair value. The fair value of loans held for sale is determined using either actual quoted prices for the assets (Level 1) whenever possible or quoted prices for similar assets, adjusted for specific attributes of that loan (Level 2). The fair value gain (loss) on loans held for sale is included in residential fee income in the Consolidated Statements of Income. SBA Loans Held for Investment, at Fair Value : The Company has elected to account for certain SBA loans held for investment at fair value. Fair value is calculated based on the present value of estimated future payments (Level 3). The valuation model uses interest rate, prepayment speed, and default rate assumptions that market participants would use in estimating future payments. Whenever available, the present value is validated against available market data. Mortgage Banking Derivatives : Mortgage banking derivatives used in the ordinary course of business primarily consist of mandatory forward sales contracts, best efforts forward sales contracts, and interest rate lock commitments. The fair value of mandatory forward sales contracts is measured using quoted market prices (Level 1), or in some cases when quoted market prices are not available, the pricing is derived from market observable inputs that can generally be verified and do not typically involve significant judgment by the Company (Level 2). Interest rate lock commitments involve pricing derived from market observable inputs that are adjusted based on pull-through rates (anticipated loan funding probability). Pull-through rates are an unobservable input which are the Company’s estimate of the percentage of interest rate lock commitments expected to result in closed loans (Level 3). The fair value of best efforts forward sales contracts is measured using market observable inputs that are adjusted using unobservable inputs including duration, spread, and pull-through rates (Level 3). Impaired Loans : A loan is considered to be impaired when it is probable the Bank will be unable to collect all principal and interest payments due in accordance with the contractual terms of the loan agreement. In most cases, the Bank measures fair value based on the value of the collateral securing the loan. Collateral may be in the form of real estate and/or business or personal assets, including but not limited to equipment, inventory, and accounts receivable. The fair value of real estate collateral is determined based on third party appraisals by qualified licensed appraisers as well as internal estimates. The fair value of other business or personal assets is generally based on amounts reported on the financial statements of the customer or customer’s business. Appraised and reported values may be adjusted based on management’s historical knowledge, changes in market conditions from the time of valuation and management’s knowledge of the customer and the customer’s business. Since not all valuation inputs are observable, these nonrecurring fair value determinations are classified as Level 3. Impaired loans are reviewed and evaluated on at least a quarterly basis for additional impairment and adjusted accordingly, based on the same factors previously identified. SBA Loan Servicing Rights : On a quarterly basis, SBA loan servicing rights are evaluated for impairment based upon the fair value of the rights as compared to the carrying amount. If the carrying amount exceeds fair value, impairment is recorded so that the servicing asset is carried at fair value. The fair value of SBA servicing rights is based on a valuation model that calculates the present value of estimated net servicing income. The valuation model incorporates assumptions that market participants would use in estimating future net servicing income. There were no SBA loan servicing rights carried at fair value at September 30, 2022 and December 31, 2021. Assets and liabilities measured at fair value on a recurring basis at September 30, 2022 are summarized below: Quoted Prices in Significant Significant Unobservable Inputs (Level 3) Total Financial assets Investment securities available for sale $ — $ 42,915 $ — $ 42,915 Residential loans held for sale (1) 15,957 55,596 — 71,553 SBA loans held for investment, at fair value — — 24,965 24,965 Interest rate lock commitments (1) — — 513 513 Mandatory forward sales contracts (1) 1,548 — — 1,548 Best efforts forward sales contracts (1) — — 19 19 Financial liabilities Interest rate lock commitments (1) $ — $ — $ 457 $ 457 Mandatory forward sales contracts (1) 16 — — 16 (1) Classified as assets from discontinued operations and liabilities from discontinued operations on the consolidated balance sheet. Assets and liabilities measured at fair value on a recurring basis at December 31, 2021 are summarized below: Quoted Prices in Significant Significant Unobservable Inputs (Level 3) Total Financial assets Investment securities available for sale $ — $ 30,893 $ — $ 30,893 Residential loans held for sale (1) 43,837 70,294 — 114,131 SBA loans held for investment, at fair value — — 9,614 9,614 Interest rate lock commitments (1) — — 1,435 1,435 Mandatory forward sales contracts (1) 88 — — 88 Best efforts forward sales contracts (1) — — 27 27 Financial liabilities Interest rate lock commitments (1) $ — $ — $ 23 $ 23 Mandatory forward sales contracts (1) 166 — — 166 (1) Classified as assets from discontinued operations and liabilities from discontinued operations on the consolidated balance sheet. There were no transfers between levels for assets and liabilities recorded at fair value on a recurring basis during the reported periods. Financial Instruments Recorded Using Fair Value Option The Company has elected the fair value option for residential loans held for sale. These loans are intended for sale and are classified as assets from discontinued operations on the consolidated balance sheet. The Company believes that the fair value is the best indicator of the resolution of these loans. Interest income from discontinued operations is recorded based on the contractual term of the loan and in accordance with the Company’s policy on loans held for investment. None of these loans were 90 days or more past due or on nonaccrual at September 30, 2022 or December 31, 2021. The aggregate fair value, contractual balance, and gain at September 30, 2022 and December 31, 2021 for residential loans held for sale from discontinued operations were as follows: September 30, 2022 December 31, 2021 Aggregate fair value $ 71,553 $ 114,131 Contractual balance 71,541 110,335 Gain from discontinued operations $ 12 $ 3,796 The total amount of interest income from discontinued operations and losses from changes in fair value included in earnings for the nine months ended September 30, 2022 and September 30, 2021 for residential loans held for sale from discontinued operations were as follows: Nine Months Ended September 30, 2022 2021 Interest income from discontinued operations $ 2,466 $ 2,770 Change in fair value (3,784) (6,168) Total loss from discontinued operations $ (1,318) $ (3,398) The Company also elected the fair value option for certain of its non-PPP SBA loans as the Company believed that fair value was the best indicator of the resolution of those loans at that time. Depending on market conditions and liquidity needs of the Company, management determines whether it is advantageous to hold or sell SBA loans on a loan-by-loan basis. The portion of these loans guaranteed by the SBA are generally readily marketable in the secondary market and the portion of the loans that are not guaranteed may be sold periodically to other third party financial institutions. Interest income on these loans is recorded based on the contractual term of the loan and in accordance with the Company’s policy on other loans held for investment. The aggregate fair value, contractual balance, and gain at September 30, 2022 and December 31, 2021 for SBA loans held for investment, at fair value, were as follows: September 30, 2022 December 31, 2021 Aggregate fair value $ 24,965 $ 9,614 Contractual balance 24,166 9,433 Gain $ 799 $ 181 The total amount of gains and losses from changes in fair value and interest income included in earnings for the nine months ended September 30, 2022 and September 30, 2021 for SBA loans held for investment, at fair value, were as follows: Nine Months Ended September 30, 2022 2021 Interest income $ 483 $ 462 Change in fair value 3,510 151 Total gain $ 3,993 $ 613 Changes in fair value for SBA loans held for investment, at fair value, were included in SBA loan fair value gain on the Consolidated Statements of Income. The table below presents a reconciliation of SBA loans held for investment, at fair value, which were valued on a recurring basis and used significant unobservable inputs (Level 3) for the nine months ended September 30, 2022 and September 30, 2021: Nine Months Ended September 30, 2022 2021 Balance of SBA loans held for investment at fair value, beginning of period $ 9,614 $ 9,264 New SBA originations at fair value 53,697 — Loans sold (38,722) — Principal payments (3,108) (1,003) Charge-offs (26) (8) Repurchase of guaranteed balances previously participated — 1,401 Total gains during the period 3,510 151 Balance of SBA loans held for investment at fair value, end of period $ 24,965 $ 9,805 The Company’s valuation of SBA loans held for investment, at fair value, was supported by an analysis prepared by an independent third party and approved by management. The approach to determine fair value involved several steps: 1) Identifying each loan’s unique characteristics, including balance, payment type, term, coupon, age, and principal and interest payment; 2) Projecting these loan level characteristics for the life of each loan; and 3) Performing discounted cash flow modeling. The following table provides information about the valuation techniques and unobservable inputs used in the valuation of SBA loans held for investment, at fair value, interest rate lock commitments, and best efforts forward sales contracts falling within Level 3 of the fair value hierarchy at September 30, 2022 and December 31, 2021: Fair Value Valuation Unobservable Inputs Range (Weighted Average) September 30, 2022 SBA loans held for $ 24,965 Discounted Discount rate 5.39%-8.89% (6.72%) investment, at fair value cash flow Conditional prepayment rate 8.69%-9.97% (8.96%) Interest rate lock commitments (1) 56 Quoted market prices Pull-through expectations 53.00%-100.00% (85.41%) Best efforts forward sales contracts (1) 19 Quoted market prices Pull-through expectations 53.00%-80.00% (73.31%) December 31, 2021 SBA loans held for $ 9,614 Discounted Discount rate 3.22%-6.72% (4.22%) investment, at fair value cash flow Conditional prepayment rate 10.56%-10.56% (10.56%) Interest rate lock commitments (1) 1,412 Quoted market prices Pull-through expectations 24.00%-100.00% (84.40%) Best efforts forward sales contracts (1) 27 Quoted market prices Pull-through expectations 24.00%-80.00% (65.79%) (1) Classified as assets from discontinued operations and liabilities from discontinued operations on the consolidated balance sheet. The significant unobservable inputs impacting the fair value measurement of SBA loans held for investment, at fair value, include discount rates and conditional prepayment rates. Increases in discount rates or prepayment rates would result in a lower fair value measurement. Although the prepayment rate and discount rate are not directly interrelated, they generally move in opposite directions. The discount rates and conditional prepayment rates were weighted by the relative principal balance outstanding of these loans. The significant unobservable inputs impacting the fair value measurement of interest rate lock commitments and best efforts sales contracts include pull-through rates. An increase in the pull-through rate utilized in the fair value measurement of the interest rate lock commitments and best efforts forward sale contracts will result in positive fair value adjustments (and an increase in the fair value measurement). Conversely, a decrease in the pull-through rate will result in a negative fair value adjustment (and a decrease in the fair value measurement). Assets measured at fair value on a nonrecurring basis at September 30, 2022 are summarized below: Fair Value Valuation Technique(s) Significant Discount % Amount Impaired loans $ 1,439 Discounted appraisals, estimated net realizable value of collateral Collateral discounts 10% Assets measured at fair value on a nonrecurring basis at December 31, 2021 are summarized below: Fair Value Valuation Technique(s) Significant Discount % Amount Impaired loans $ 1,614 Discounted appraisals, estimated net realizable value of collateral Collateral discounts 10% Fair Value of Financial Instruments The carrying values and estimated fair values of financial instruments not carried at fair value, at September 30, 2022 and December 31, 2021 are as follows: September 30, 2022 December 31, 2021 Level Carrying Value Fair Value Carrying Value Fair Value Assets: Cash and cash equivalents 1 $ 36,496 $ 36,496 $ 109,727 $ 109,727 Time deposits in banks 2 4,881 4,687 2,381 2,437 Investment securities held to maturity 2 5,008 4,995 2 2 Restricted equity securities, at cost 2 2,531 2,531 2,827 2,827 Government guaranteed loans held for sale 2 573 628 1,460 1,460 Loans held for investment, at amortized cost 3 646,101 652,015 560,882 569,394 Accrued interest receivable (1) 3 3,868 3,868 3,564 3,564 SBA loan servicing rights 3 9,932 11,226 6,407 8,050 Mortgage loan servicing rights (2) 3 125 125 212 212 Liabilities: Noninterest-bearing deposits 2 $ 104,215 $ 104,215 $ 83,638 $ 83,638 Interest-bearing transaction accounts 2 190,985 190,985 163,495 163,495 Savings and money market deposits 2 380,576 380,576 423,864 423,864 Time deposits 2 109,960 108,644 50,688 51,049 FHLB and FRB borrowings 2 28,000 28,000 — — Subordinated debentures 2 5,990 5,503 5,985 6,175 Notes payable 2 2,958 2,957 3,299 3,350 PPP Liquidity Facility 2 — — 69,654 69,654 Accrued interest payable 2 236 236 326 326 (1) Includes balances of $79 and $31 classified as assets from discontinued operations on the consolidated balance sheet as of September 30, 2022 and December 31, 2021, respectively. (2) Classified as assets from discontinued operations on the consolidated balance sheet.

SBA LOAN SERVICING ACTIVITIES

SBA LOAN SERVICING ACTIVITIES	9 Months Ended
	Sep. 30, 2022
Transfers and Servicing [Abstract]
SBA LOAN SERVICING ACTIVITIES	SBA LOAN SERVICING ACTIVITIESAt September 30, 2022 and December 31, 2021, the principal balance of SBA loans, excluding PPP loans, retained by the Company was $286,798 and $300,415, respectively, of which $138,261 and $171,548 represented the guaranteed portion of the loans. Loans serviced for others are not included in the accompanying Consolidated Balance Sheets. The unpaid principal balances of SBA loans serviced for others requiring recognition of a servicing asset were $616,419 and $459,670 at September 30, 2022 and December 31, 2021, respectively. Activity for SBA loan servicing rights for the three and nine months ended September 30, 2022 and September 30, 2021 follows: Three Months Ended Nine Months Ended September 30, 2022 September 30, 2021 September 30, 2022 September 30, 2021 Beginning of period $ 7,760 $ 6,614 $ 6,407 $ 8,160 Additions 2,918 100 5,741 100 Amortization (746) (781) (2,216) (2,327) End of period $ 9,932 $ 5,933 $ 9,932 $ 5,933 The fair value of SBA loan servicing rights was $11,226 and $8,050 at September 30, 2022 and December 31, 2021, respectively. Fair value was determined using a weighted average discount rate of 15.38% and a weighted average prepayment speed of 9.96% at September 30, 2022. Fair value was determined using a weighted average discount rate of 12.13% and a weighted average prepayment speed of 10.37% at December 31, 2021. The SBA loan servicing rights are amortized over the life of a loan on a loan-by-loan basis. The following table presents the components of net gain on sale of SBA loans, excluding sale of PPP loans, for the three and nine months ended September 30, 2022 and September 30, 2021: Three Months Ended Nine Months Ended September 30, 2022 September 30, 2021 September 30, 2022 September 30, 2021 Gain on sale of guaranteed SBA loans $ 4,685 $ — $ 10,723 $ — Loss on sale of unguaranteed SBA loans (63) (406) (411) (406) Costs recognized on sale of SBA loans (94) (51) (138) (51) Fair value of servicing rights created 2,918 100 5,741 100 Gain on sale of SBA loans, net $ 7,446 $ (357) $ 15,915 $ (357)

PREMISES AND EQUIPMENT

PREMISES AND EQUIPMENT	9 Months Ended
	Sep. 30, 2022
Property, Plant and Equipment [Abstract]
PREMISES AND EQUIPMENT	PREMISES AND EQUIPMENT Premises and equipment at September 30, 2022 and December 31, 2021 were as follows: September 30, 2022 December 31, 2021 Land and improvements $ 4,488 $ 4,194 Building and improvements 13,057 9,590 Leasehold improvements 2,763 2,433 Furniture, fixtures, and equipment 6,431 7,034 Fixed assets in process 11,864 12,247 Total premises and equipment 38,603 35,498 Accumulated depreciation and amortization (5,824) (5,827) Net premises and equipment (1) $ 32,779 $ 29,671 (1) Includes premises and equipment of $580 classified as assets from discontinued operations as of December 31, 2021. There were no assets classified as assets from discontinued operations as of September 30, 2022. Depreciation and amortization expense including expense from discontinued operations was $509 and $433 for the three months ended September 30, 2022 and September 30, 2021, respectively, and $1,505 and $1,286 for the nine months ended September 30, 2022 and September 30, 2021, respectively

LEASES

LEASES	9 Months Ended
	Sep. 30, 2022
Leases [Abstract]
LEASES	LEASES For the three and nine months ended September 30, 2022 and September 30, 2021, the components of total lease cost and supplemental information related to operating leases were as follows: Three Months Ended Nine Months Ended 2022 2021 2022 2021 Operating lease cost $ 387 $ 355 $ 1,159 $ 1,077 Short-term lease cost 190 173 463 547 Total lease cost, net (1) $ 577 $ 528 $ 1,622 $ 1,624 (1) Includes lease costs reported as discontinued operations of $232 and $353 for the three months ended September 30, 2022 and September 30, 2021, respectively and $847 and $1,097 for the nine months ended September 30, 2022 and September 30, 2021, respectively. Three Months Ended Nine Months Ended 2022 2021 2022 2021 Operating cash flows related to operating leases $ 388 $ 357 $ 1,156 $ 1,066 Right-of-use assets obtained in exchange for new operating lease liabilities 627 — 627 136 $ 1,015 $ 357 $ 1,783 $ 1,202 At September 30, 2022, the weighted average discount rate of operating leases was 2.21% and the weighted average remaining life of operating leases was 3.97 years. The future minimum lease payments for operating leases, subsequent to September 30, 2022, as recorded on the balance sheet, are summarized as follows: 2022 $ 331 2023 1,366 2024 1,153 2025 945 2026 748 Thereafter 371 Total undiscounted lease payments $ 4,914 Less: imputed interest (237) Net lease liabilities $ 4,677 Impairment of ROU Assets ROU assets from operating leases are subject to the impairment guidance in ASC 360, Property, Plant, and Equipment, and are reviewed for impairment when indicators of impairment are present. ASC 360 requires three steps to identify, recognize and measure impairment. If indicators of impairment are present (Step 1), the Company performs a recoverability test (Step 2) comparing the sum of the estimated undiscounted cash flows attributable to the ROU asset in question to the carrying amount. If the undiscounted cash flows used in the recoverability test are less than the carrying amount, the Company estimates the fair value of the ROU asset and recognizes an impairment loss when the carrying amount exceeds the estimated fair value (Step 3). During the last two quarters, the Company closed leased mortgage lending offices as part of its discontinuance of the nationwide residential lending operation. The mortgage lending offices were evaluated as outlined above to determine whether the operating leases were impaired. As part of the recoverability test, the Company elected to exclude operating lease liabilities from the carrying amount of the asset group. The undiscounted future cash flows used in the recoverability test were based on assumptions made by the Company rather than market participant assumptions. Since an election was made to exclude operating lease liabilities from the asset or asset group, all future cash lease payments for the lease were also excluded. In addition, the Company elected to exclude operating lease liabilities from the estimated fair value, consistent with the recoverability test. When determining the fair value of the ROU asset, the Company estimated what market participants would pay to lease the assets assuming the highest and best use in the assets current forms. Based on the analysis, the Company concluded that the ROU assets for these offices were impaired and had a remaining ROU carrying value of $612 as of September 30, 2022. The analyses resulted in the recognition of $610 impairment for the three months ended September 30, 2022 and $845 impairment for the nine months ended September 30, 2022. The impairment was recognized in loss (income) from discontinued operations on the Consolidated Statements of Income.

OTHER BORROWINGS

OTHER BORROWINGS	9 Months Ended
	Sep. 30, 2022
Debt Disclosure [Abstract]
OTHER BORROWINGS	OTHER BORROWINGS At September 30, 2022, the Company had a short-term FRB borrowing of $28,000 at 3.25% and no borrowings from the FHLB. There were no borrowings from the FHLB or FRB at December 31, 2021. The Bank is a member of the FHLB of Atlanta, which provides short- and long-term funding collateralized by mortgage-related assets to its members. FHLB short-term borrowings be ar interest at variable rates set by the FHLB. Any a dvances that the bank were to obtain would be secured by a blanket lien on $223,630 of real estate-related loans as of September 30, 2022. Based on this collateral and the Company's holdings of FHLB stock, the Company was eligible to borrow up to $144,470 from the FHLB at September 30, 2022. In addition, the Bank has a secured line of credit with the Federal Reserve Bank of Atlanta which was secured by $47,630 of commercial loans as of September 30, 2022. FRB short-term borrowings bear interest at variable rates based on the Federal Open Market Committee's target range for the federal funds rate. Based on this collateral, the Company was eligible to borrow up to an additional $4,665 from the FRB at September 30, 2022. In June 2021 , the Company issued $6,000 of Subordinated Debentures (the “Debentures”) that mature June 30, 2031 and are redeemable after 5 years. The Debentures carry interest at a fixed rate of 4.50% per annum for the initial 5 years of term and carry interest at a floating rate for the final 5 years of term. Under the debt agreements, the floating rates are based on a SOFR benchmark plus 3.78% per annum. These Debentures were issued to redeem a $6,000 Subordinated Debenture which was issued in December 2018 and carried interest at a rate of 6.875% per annum. The balance of Subordinated Debentures outstanding at the Company, net of offering costs, amounted to $5,990 and $5,985 at September 30, 2022 and December 31, 2021, respectively. In March 2020, the Company renegotiated the terms of its outstanding senior debt and combined its line of credit and term note into one amortizing note with quarterly principal and interest payments with interest at Prime (6.25% at September 30, 2022). The new note matures on March 10, 2029 and the balance of the note was $2,958 and $3,299 at September 30, 2022 and December 31, 2021, respectively. The note is secured by 100% of the stock of the Company and requires the Company to comply with certain loan covenants during the term of the note. As of September 30, 2022, the Company was in compliance with all financial debt covenants.

STOCK-BASED COMPENSATION

STOCK-BASED COMPENSATION	9 Months Ended
	Sep. 30, 2022
Share-Based Payment Arrangement [Abstract]
STOCK-BASED COMPENSATION	STOCK-BASED COMPENSATION The Equity Plan governs the Company’s restricted stock and stock options. Total compensation cost charged against income related to the Equity Plan was $186 and $130 for the three months ended September 30, 2022 and September 30, 2021, respectively, and $609 and $359 for the nine months ended September 30, 2022 and September 30, 2021, respectively. Restricted Stock The Company awarded shares of restricted common stock to certain employees for which compensation expense is recognized ratably over the vesting period of the awards based on the fair value of the stock at issue date. A summary of changes in the Company’s nonvested restricted shares for the nine months ended September 30, 2022 follows: Shares Weighted-Average Nonvested at January 1, 2022 2,483 $ 14.86 Granted 34,925 21.50 Vested (8,108) 19.43 Forfeited (3,650) 21.45 Nonvested at September 30, 2022 25,650 $ 21.52 At September 30, 2022, there was $324 of total unrecognized compensation cost related to nonvested restricted shares granted under the Equity Plan that is expected to be recognized over a weighted average period of 3.1 years. The total fair value of shares vested during the nine months ended September 30, 2022 and September 30, 2021 was $177 and $85, respectively. Stock Options The Equity Plan permits the grant of stock options to the Company’s employees and non-employee directors for up to 15% of the total number of shares of Company common stock issued and outstanding, up to 1,500,000 shares. Option awards are generally granted with an exercise price equal to the market price of the Company’s common stock at the date of grant. The market price of the Company’s common stock is the closing sales price of the Common Stock on such date on the securities exchange having the greatest volume of trading in the Common Stock during the 30-day period preceding the day the value is to be determined or, if there is no reported closing sales price on such date, the next preceding date on which there was a reported closing price. Those option awards generally have a vesting period of 5 years for employees and 3 years for non-employee directors and have 10-year contractual terms. The fair value of each option award is estimated on the date of grant using a closed form option valuation (Black-Scholes) model that uses the assumptions noted in the table below. Expected volatility is based on an average of historical volatility of peer financial institutions. The expected term of options granted represents the period of time that options granted are expected to be outstanding, which takes into account that the options are not transferable. The risk-free interest rate for the expected term of the option is based on the U.S. Treasury yield curve in effect at the time of grant. A summary of the activity in the Equity Plan for the nine months ended September 30, 2022 follows: Shares Weighted Weighted Aggregate Outstanding at January 1, 2022 450,278 $ 15.64 Exercised (4,375) 15.08 Forfeited (24,105) 15.14 Outstanding at September 30, 2022 421,798 $ 15.67 6.83 $ 2,522 Vested and exercisable at September 30, 2022 297,745 $ 15.91 6.47 $ 1,709 There were no options granted during the three and nine months ended September 30, 2022. The weighted average fair value of options granted during the nine months ended September 30, 2021 was $3.70. Total unrecognized compensation cost related to nonvested stock options granted under the Equity Plan was $299 at September 30, 2022. This cost is expected to be recognized over a weighted average period of 2.04 years.

OTHER BENEFIT PLANS

OTHER BENEFIT PLANS	9 Months Ended
	Sep. 30, 2022
Postemployment Benefits [Abstract]
OTHER BENEFIT PLANS	OTHER BENEFIT PLANSThe Company has established a stock dividend reinvestment and stock purchase plan. Under the DRIP, eligible shareholders can voluntarily purchase stock with their dividend or can make additional stock purchases. During the nine months ended September 30, 2022, 9,776 shares were purchased at an average price of $17.07. During the nine months ended September 30, 2021, 17,971 shares were purchased at an average price of $21.68. During the year ended December 31, 2021, 17,971 shares were purchased at an average price of $21.68 per share. All employees and Directors are eligible to participate in the NSPP. Expense recognized in relation to the NSPP for the nine months ended September 30, 2022 and September 30, 2021 was $78 and $56, respectively. The Company has a Salary Continuation Agreement, (the “Agreement”), with an executive officer. In accordance with the Agreement, the executive will receive an annual benefit of $25 for twenty years following separation of service. If early termination occurs before December 31, 2022, the executive will not receive any benefit under the Agreement. The liability recorded for the Agreement was $369 and $312 at September 30, 2022 and December 31, 2021, respectively, and the related expense for the nine months ended September 30, 2022 and September 30, 2021 was $57 and $53, respectively. The Company has a 401(k) plan that covers all employees subject to certain age and service requirements. The Company contributes 3% of each employee’s salary each pay period as a safe harbor contribution. The Company may also match employee contributions each year at the discretion of the Board of Directors. Expense recognized in relation to the 401(k) plan was $1,333 and $1,932 for the nine months ended September 30, 2022 and September 30, 2021, respectively. As part of the discontinuation of the nationwide residential lending division, the 401(k) plan was partially terminated since more than 20% of the participants were laid off. As a result of the partial termination of the plan, all affected employees were 100% vested in the Company’s contributions into the plan.

INCOME TAXES

INCOME TAXES	9 Months Ended
	Sep. 30, 2022
Income Tax Disclosure [Abstract]
INCOME TAXES	INCOME TAXES The Company and its subsidiaries are subject to U.S. federal income tax. In the ordinary course of business, we are routinely subject to audit by the Internal Revenue Service. Currently, the Company is subject to examination by taxing authorities for the 2019 tax return year and forward. A reconciliation of expected income tax expense (benefit) using the federal statutory rate of 21% for the three and nine months ended September 30, 2022 and September 30, 2021 and actual income tax expense (benefit) is as follows: Three Months Ended September 30, Nine Months Ended September 30, 2022 2021 2022 2021 Federal tax based on federal corporate statutory rate $ 854 $ (353) $ 893 $ 2,340 State tax, net of federal effect 187 (18) 132 734 Changes resulting from: Other, net (58) 9 (137) (106) Income tax expense (benefit) from continuing operations 983 (362) 888 2,968 Income tax (benefit) expense from discontinued operations (1,488) 861 (1,670) 4,520 Total income tax expense (benefit) $ (505) $ 499 $ (782) $ 7,488

REGULATORY MATTERS

REGULATORY MATTERS	9 Months Ended
	Sep. 30, 2022
Banking And Thrift Disclsoure [Abstract]
REGULATORY MATTERS	REGULATORY 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. Management believes that the Bank met all capital adequacy requirements to which it was subject at September 30, 2022 and December 31, 2021. Prompt corrective action regulations provide five classifications: well capitalized, adequately capitalized, undercapitalized, significantly undercapitalized, and critically undercapitalized, although these terms are not used to represent overall financial condition. If adequately capitalized, regulatory approval is required to accept brokered deposits. If undercapitalized, capital distributions are limited, as is asset growth and expansion, and capital restoration plans are required. At September 30, 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 classification. Actual and required capital amounts and ratios for the Bank are presented below at September 30, 2022: Actual Required for Capital Adequacy Purposes To be Well Amount Ratio Amount Ratio Amount Ratio Total Capital (to Risk Weighted Assets) $ 106,855 15.02 % $ 56,896 8.00 % $ 71,119 10.00 % Tier 1 Capital (to Risk Weighted Assets) $ 97,940 13.77 % $ 42,672 6.00 % $ 56,896 8.00 % Common Equity Tier 1 Capital (to Risk Weighted Assets) $ 97,940 13.77 % $ 32,004 4.50 % $ 46,228 6.50 % Tier 1 Capital (to Average Assets) $ 97,940 10.48 % $ 37,392 4.00 % $ 46,740 5.00 % Actual and required capital amounts and ratios for the Bank are presented below at December 31, 2021: Actual Required for Capital Adequacy Purposes To be Well Amount Ratio Amount Ratio Amount Ratio Total Capital (to Risk Weighted Assets) $ 106,002 21.25 % $ 39,909 8.00 % $ 49,886 10.00 % Tier 1 Capital (to Risk Weighted Assets) $ 99,656 19.98 % $ 29,932 6.00 % $ 39,909 8.00 % Common Equity Tier 1 Capital (to Risk Weighted Assets) $ 99,656 19.98 % $ 22,449 4.50 % $ 32,426 6.50 % Tier 1 Capital (to Average Assets) $ 99,656 12.22 % $ 32,619 4.00 % $ 40,774 5.00 % Dividend Restrictions

DISCONTINUED OPERATIONS - MORTG

DISCONTINUED OPERATIONS - MORTGAGE BANKING ACTIVITIES	9 Months Ended
	Sep. 30, 2022
Mortgage Banking [Abstract]
DISCONTINUED OPERATIONS - MORTGAGE BANKING ACTIVITIES	DISCONTINUED OPERATIONS - MORTGAGE BANKING ACTIVITIES The following table presents the components of the mortgage banking income from discontinued operations for the three and nine months ended September 30, 2022 and September 30, 2021: Three Months Ended Nine Months Ended 2022 2021 2022 2021 Net gain realized on sale of residential loans held for sale $ 5,988 $ 22,999 $ 19,295 $ 74,842 Net change in fair value recognized on residential loans held for sale (1,745) (1,381) (3,784) (6,168) Net change in fair value recognized on interest rate lock commitments (1,094) (1,288) (1,362) (6,356) Net change in fair value recognized on mandatory and best efforts forward sales contracts 2,940 (1,017) 12,514 6,847 Mortgage banking fees 1,022 2,248 3,851 7,777 Residential loan fee income from discontinued operations $ 7,111 $ 21,561 $ 30,514 $ 76,942 As part of its mortgage banking activities, the Company entered into interest rate lock commitments, which were commitments to originate loans where the interest rate on the loan was determined prior to funding and the clients had locked into that interest rate. The Company then locked in the loan and interest rate with an investor and committed to deliver the loan if settlement occurs (“best efforts”) or committed to deliver the locked loan in a binding (“mandatory”) delivery program with an investor. It was the Company’s practice to enter into forward commitments for the future delivery of residential mortgage loans when interest rate lock commitments were entered into in order to economically hedge the effect of changes in interest rates resulting from its commitments to fund the loans. Interest rate lock commitments and mandatory commitments to deliver loans to investors were considered derivatives. At September 30, 2022 and December 31, 2021, the Company had interest rate lock commitments of $62,503 and $108,122, mandatory forwards contracts of $57,000 and $142,500, and forward sales contracts of $9,504 and $7,375, respectively. The fair value of these mortgage banking derivatives was reflected by a total derivative asset from discontinued operations of $2,080 and $1,550 and a total derivative liability from discontinued operations of $473 and $189 at September 30, 2022 and December 31, 2021, respectively. Fair values were estimated based on changes in mortgage interest rates from the date of the commitments. Changes in the fair values of these mortgage banking derivatives are included in loss (income) from discontinued operations in the Consolidated Statements of Income. The net gains (losses) relating to free-standing derivative instruments used for risk management at September 30, 2022 and December 31, 2021 are summarized below: September 30, 2022 December 31, 2021 Mandatory forward sales contracts $ 1,532 $ (78) Best efforts forward sales contracts 19 27 Interest rate lock commitments 56 1,412 The following table reflects the amount and fair value of mortgage banking derivatives included in the assets and liabilities from discontinued operations on the Consolidated Balance Sheets at September 30, 2022 and December 31, 2021: September 30, 2022 December 31, 2021 Notional Fair Notional Fair Included in other assets from discontinued operations: Interest rate lock commitments $ 38,968 $ 513 $ 103,572 $ 1,435 Mandatory forward sales contracts 55,000 1,548 60,000 88 Best efforts forward sales contracts 9,504 19 7,375 27 Included in other liabilities from discontinued operations: Interest rate lock commitments 23,535 457 4,550 23 Mandatory forward sales contracts 2,000 16 82,500 166

LOAN COMMITMENTS AND OTHER RELA

LOAN COMMITMENTS AND OTHER RELATED ACTIVITIES	9 Months Ended
	Sep. 30, 2022
Commitments and Contingencies Disclosure [Abstract]
LOAN COMMITMENTS AND OTHER RELATED ACTIVITIES	LOAN COMMITMENTS AND OTHER RELATED ACTIVITIES Some financial instruments, such as loan commitments, credit lines, and letters of credit, 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 that are used for loans are used to make such commitments, including obtaining collateral at exercise of the commitment. The contractual amounts of financial instruments with off-balance sheet risk at September 30, 2022 and December 31, 2021 were as follows: September 30, 2022 December 31, 2021 Unfunded loan commitments $ 28,340 $ 18,567 Unused lines of credit 107,338 52,076 Standby letters of credit 68 68 All unused lines of credit at September 30, 2022 and December 31, 2021 were variable rate lines of credit and the majority of unfunded loan commitments at September 30, 2022 and December 31, 2021 were commitments to fund variable rate loans. Unfunded loan commitments are generally entered into for periods of 90 days or less.

EARNINGS PER COMMON SHARE

EARNINGS PER COMMON SHARE	9 Months Ended
	Sep. 30, 2022
Earnings Per Share [Abstract]
EARNINGS PER COMMON SHARE	EARNINGS PER COMMON SHARE The following table sets forth the computation of basic and diluted earnings per common share for the three and nine months ended September 30, 2022 and 2021: Three Months Ended Nine Months Ended 2022 2021 2022 2021 Basic: Income (loss) from continuing operations $ 3,083 $ (1,318) $ 3,365 $ 8,173 (Loss) income for discontinued operations (4,485) 2,598 (5,036) 13,634 Net income (loss) $ (1,402) $ 1,280 $ (1,671) $ 21,807 Less: Preferred stock dividends 208 230 624 797 Net income available to (loss attributable to) common shareholders $ (1,610) $ 1,050 $ (2,295) $ 21,010 Weighted average common shares outstanding 4,028,212 3,913,523 4,015,476 3,749,692 Basic earnings (loss) per common share: Continuing operations $ 0.71 $ (0.40) $ 0.68 $ 1.97 Discontinued operations $ (1.11) $ 0.66 $ (1.25) $ 3.63 Total $ (0.40) $ 0.26 $ (0.57) $ 5.60 Diluted: Income (loss) from continuing operations $ 3,083 $ (1,318) $ 3,365 $ 8,173 (Loss) income for discontinued operations (4,485) 2,598 (5,036) 13,634 Net income (loss) $ (1,402) $ 1,280 $ (1,671) $ 21,807 Less: Preferred stock dividends 208 230 624 797 Add: Series B preferred stock dividends 64 — 193 365 Net income available to (loss attributable to) common shareholders $ (1,546) $ 1,050 $ (2,102) $ 21,375 Weighted average common shares outstanding for basic earnings per common share 4,028,212 3,913,523 4,015,476 3,749,692 Add: Dilutive effects of conversion of Series B preferred stock to common stock 270,743 — 270,743 321,318 Add: Dilutive effects of assumed exercises of stock options and warrants 42,163 — 62,961 98,256 Average shares and dilutive potential common shares 4,341,118 3,913,523 4,349,180 4,169,266 Diluted earnings (loss) per common share: Continuing operations $ 0.68 $ (0.40) $ 0.67 $ 1.86 Discontinued operations $ (1.03) $ 0.66 $ (1.15) $ 3.27 Total $ (0.35) $ 0.26 $ (0.48) $ 5.13 We use the treasury stock method to calculate the dilutive effect of outstanding equity awards in the denominator for diluted EPS to the extent the impact of such exchange would not be anti-dilutive. For the three months ended September 30, 2021 , 492,816 of potential shares of common stock issuable upon the potential exercise of outstanding convertible Series B preferred stock, stock options and warrants were excluded from diluted loss per share because the effect would have been anti-dilutive as a result of the net loss on continuing operations. There were no c ommon stock options exclud ed in computing diluted earnings per common share for the three and nine months ended September 30, 2022 and the nine months ended September 30, 2021.

BASIS OF PRESENTATION (Policies

BASIS OF PRESENTATION (Policies)	9 Months Ended
	Sep. 30, 2022
Accounting Policies [Abstract]
Basis of Presentation	The accompanying unaudited consolidated financial statements include BayFirst Financial Corp. and its wholly owned subsidiary, BayFirst National Bank, together referred to as “the Company”. These unaudited consolidated financial statements have been prepared in conformity with U.S. generally accepted accounting principles followed within the financial services industry for interim financial information and Article 8 of Regulation S-X. Accordingly, they do not include all of the information or notes required for complete financial statements. The condensed consolidated balance sheet as of December 31, 2021 has been derived from the audited consolidated financial statements of BayFirst Financial Corp. for that period.
Segment Reporting	The Company currently operates one business segment. In the third quarter of 2022, the Company discontinued the Bank’s nationwide residential mortgage loan segment. The operations of this segment are reported as discontinued operations.
Use of Estimates	Use of Estimates : To prepare financial statements in conformity with GAAP, management makes estimates and assumptions based on available information. These estimates and assumptions affect the amounts reported in the financial statements and the disclosures provided, and actual results could differ. The most significant estimates relate to the allowance for loan losses, SBA loan servicing rights, and fair value of residential loans held for sale from discontinued operations and residential mortgage derivatives from discontinued operations.
Contingencies	Contingencies :
New Accounting Standards Not Yet Adopted	New Accounting Standards Not Yet Adopted : In June 2016, the FASB issued ASU No. 2016-13, “Financial Instruments – Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments” (“ASU 2016-13”) . This new guidance was issued to replace the incurred loss model for loans and other financial assets with an expected loss model, which is referred to as the CECL model. The CECL model is applicable to the measurement of credit losses on financial assets measured at amortized cost, including loans receivable and debt securities held to maturity. It also applies to off-balance sheet credit exposures not accounted for as insurance (i.e., loan commitments, standby letters of credit, financial guarantees, and other similar instruments) and net investments in certain leases recognized by a lessor. In addition, the amendments in ASU 2016-13 require credit losses on investment securities available for sale to be presented as a valuation allowance rather than as a direct write-down thereon. The amendments in this ASU are effective for the Company for fiscal years beginning after December 15, 2022, and interim periods within those fiscal years. Early adoption is permitted; however, the Company has elected to adopt new or revised accounting standards using the delayed effective dates applicable to Emerging Growth Companies. Management is in the process of evaluating the impact of adoption of this ASU on its Consolidated Financial Statements, processes, and controls and is not currently able to reasonably estimate the impact of adoption on the Company’s consolidated financial position or results of operations; however, adoption is likely to lead to significant changes in accounting policies related to, and the methods employed in estimating, the allowance for credit losses. It is possible that the impact will be material to the Company’s consolidated financial position and results of operati ons. To date, the Company has established a CECL steering committee and has an implementation plan. The Company has segmented the loan portfolio based on similar risk characteristics and reviewed and selected methodologies for estimating expected credit losses. Calculations from our model are being reviewed, and we expect to implement timely. ASU 2022-02, “Financial Instruments - Credit Losses (Topic 326)” (“ASU 2022-02”) 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. ASU 2022-02 is effective January 1, 2023 and is not expected to have a significant impact on our financial statement disclosures.
SBA Loan Servicing Rights	SBA Loan Servicing Rights : On a quarterly basis, SBA loan servicing rights are evaluated for impairment based upon the fair value of the rights as compared to the carrying amount. If the carrying amount exceeds fair value, impairment is recorded so that the servicing asset is carried at fair value. The fair value of SBA servicing rights is based on a valuation model that calculates the present value of estimated net servicing income. The valuation model incorporates assumptions that market participants would use in estimating future net servicing income. There were no SBA loan servicing rights carried at fair value at September 30, 2022 and December 31, 2021.

DISCONTINUED OPERATIONS (Tables

DISCONTINUED OPERATIONS (Tables)	9 Months Ended
	Sep. 30, 2022
Discontinued Operations and Disposal Groups [Abstract]
Summary of Discontinued Operations of the Residential Mortgage Lending Division	The following is a summary of the assets and liabilities of the discontinued operations of the residential mortgage lending division at September 30, 2022 and December 31, 2021: September 30, 2022 December 31, 2021 Assets Loans held for sale, at fair value $ 71,553 $ 114,131 Premises and equipment, net — 580 Loan servicing rights 125 212 Mortgage banking derivative asset 2,080 1,550 Right-of-use operating lease asset 612 1,280 Accrued interest 79 31 Other assets 2,298 597 Total assets $ 76,747 $ 118,381 Liabilities Operating lease liability $ 1,322 $ 1,316 Mortgage banking derivative liability 473 189 Other liabilities 2,194 4,749 Total liabilities $ 3,989 $ 6,254 The following presents operating results of the discontinued operations of the residential mortgage lending division for the three and nine months ended September 30, 2022 and September 30, 2021: Three Months Ended September 30, Nine Months Ended September 30, 2022 2021 2022 2021 Interest income $ 862 $ 740 $ 2,466 $ 2,770 Noninterest income 7,116 21,382 30,540 76,986 Total net revenue 7,978 22,122 33,006 79,756 Noninterest expense 13,951 18,663 39,712 61,602 (Loss) income from discontinued operations before income taxes (5,973) 3,459 (6,706) 18,154 Income tax (benefit) expense (1,488) 861 (1,670) 4,520 Net (loss) income from discontinued operations $ (4,485) $ 2,598 $ (5,036) $ 13,634

INVESTMENT SECURITIES (Tables)

INVESTMENT SECURITIES (Tables)	9 Months Ended
	Sep. 30, 2022
Investments, Debt and Equity Securities [Abstract]
Schedule of Securities Available for Sale	The amortized costs, gross unrealized gains and losses, and estimated fair values of investment securities available for sale and investment securities held to maturity at September 30, 2022 and December 31, 2021 are summarized as follows: September 30, 2022 Amortized Gross Gross Fair Investment securities available for sale: Asset-backed securities $ 9,992 $ — $ (207) $ 9,785 Mortgage-backed securities: U.S. Government-sponsored enterprises 4,209 — (741) 3,468 Collateralized mortgage obligations: U.S. Government-sponsored enterprises 22,477 — (3,932) 18,545 Corporate bonds 11,338 — (221) 11,117 Total investment securities available for sale $ 48,016 $ — $ (5,101) $ 42,915 Investment securities held to maturity: Mortgage-backed securities: U.S. Government-sponsored enterprises $ 2 $ — $ — $ 2 Corporate bonds 5,006 — (13) 4,993 Total investment securities held to maturity $ 5,008 $ — $ (13) $ 4,995 December 31, 2021 Amortized Gross Gross Fair Investment securities available for sale: Asset-backed securities $ 7,624 $ — $ (89) $ 7,535 Mortgage-backed securities: U.S. Government-sponsored enterprises 4,470 — (76) 4,394 Collateralized mortgage obligations: U.S. Government-sponsored enterprises 19,370 — (406) 18,964 Total investment securities available for sale $ 31,464 $ — $ (571) $ 30,893 Investment securities held to maturity: Mortgage-backed securities: U.S. Government-sponsored enterprises $ 2 $ — $ — $ 2 Total investment securities held to maturity $ 2 $ — $ — $ 2
Schedule of Securities Held to Maturity	The amortized costs, gross unrealized gains and losses, and estimated fair values of investment securities available for sale and investment securities held to maturity at September 30, 2022 and December 31, 2021 are summarized as follows: September 30, 2022 Amortized Gross Gross Fair Investment securities available for sale: Asset-backed securities $ 9,992 $ — $ (207) $ 9,785 Mortgage-backed securities: U.S. Government-sponsored enterprises 4,209 — (741) 3,468 Collateralized mortgage obligations: U.S. Government-sponsored enterprises 22,477 — (3,932) 18,545 Corporate bonds 11,338 — (221) 11,117 Total investment securities available for sale $ 48,016 $ — $ (5,101) $ 42,915 Investment securities held to maturity: Mortgage-backed securities: U.S. Government-sponsored enterprises $ 2 $ — $ — $ 2 Corporate bonds 5,006 — (13) 4,993 Total investment securities held to maturity $ 5,008 $ — $ (13) $ 4,995 December 31, 2021 Amortized Gross Gross Fair Investment securities available for sale: Asset-backed securities $ 7,624 $ — $ (89) $ 7,535 Mortgage-backed securities: U.S. Government-sponsored enterprises 4,470 — (76) 4,394 Collateralized mortgage obligations: U.S. Government-sponsored enterprises 19,370 — (406) 18,964 Total investment securities available for sale $ 31,464 $ — $ (571) $ 30,893 Investment securities held to maturity: Mortgage-backed securities: U.S. Government-sponsored enterprises $ 2 $ — $ — $ 2 Total investment securities held to maturity $ 2 $ — $ — $ 2
Schedule of Investments Classified by Contractual Maturity	Available for Sale Held to Maturity Amortized Fair Amortized Fair One to five years $ 9,982 $ 9,806 $ 4,006 $ 3,993 Five to ten years 1,356 1,310 1,000 1,000 Beyond ten years 36,678 31,799 2 2 Total $ 48,016 $ 42,915 $ 5,008 $ 4,995
Schedule of Unrealized Loss on Investments	The following table summarizes investment securities with unrealized losses at September 30, 2022 aggregated by security type and length of time in a continuous unrealized loss position: Less than 12 Months 12 Months or Longer Total September 30, 2022 Fair Value Unrealized Losses Fair Value Unrealized Losses Fair Value Unrealized Losses Investment securities available for sale: Asset-backed securities $ 2,340 $ (37) $ 7,445 $ (170) $ 9,785 $ (207) Mortgage-backed securities: U.S. Government-sponsored enterprises — — 3,468 (741) 3,468 (741) Collateralized mortgage obligations: U.S. Government-sponsored enterprises 4,188 (446) 14,357 (3,486) 18,545 (3,932) Corporate Bonds 11,117 (221) — — 11,117 (221) Total investment securities held to maturity $ 17,645 $ (704) $ 25,270 $ (4,397) $ 42,915 $ (5,101) Investment securities held to maturity: Corporate Bonds $ 2,497 $ (13) $ — $ — $ 2,497 $ (13) Total investment securities held to maturity $ 2,497 $ (13) $ — $ — $ 2,497 $ (13) The following table summarizes investment securities with unrealized losses at December 31, 2021 aggregated by security type and length of time in a continuous unrealized loss position: Less than 12 Months 12 Months or Longer Total December 31, 2021 Fair Value Unrealized Losses Fair Value Unrealized Losses Fair Value Unrealized Losses Investment securities available for sale: Asset-backed securities $ 7,535 $ (89) $ — $ — $ 7,535 $ (89) Mortgage-backed securities: U.S. Government-sponsored enterprises 4,394 (76) — — 4,394 (76) Collateralized mortgage obligations: U.S. Government-sponsored enterprises 18,964 (406) — — 18,964 (406) Total investment securities available for sale $ 30,893 $ (571) $ — $ — $ 30,893 $ (571)

LOANS (Tables)

LOANS (Tables)	9 Months Ended
	Sep. 30, 2022
Receivables [Abstract]
Schedule of Loans for Investment at Amortized Cost	Loans held for investment, at amortized cost, at September 30, 2022 and December 31, 2021 were as follows: September 30, December 31, Real estate: Residential $ 176,574 $ 87,235 Commercial 220,210 163,477 Construction and land 9,259 18,632 Commercial and industrial 183,631 217,155 Commercial and industrial - PPP 22,286 80,158 Consumer and other 37,595 3,581 Loans held for investment, at amortized cost, gross 649,555 570,238 Deferred loan costs, net 9,047 7,975 Discount on SBA 7(a) loans sold (1) (5,068) (3,866) Premium (discount) on loans purchased 2,306 (13) Allowance for loan losses (9,739) (13,452) Loans held for investment, at amortized cost $ 646,101 $ 560,882 (1) The Company allocates the retained portion of loans sold based on relative fair value of the retained portion and the sold portion, which results in a discount on the retained portion.

ALLOWANCE FOR LOAN LOSSES (Tabl

ALLOWANCE FOR LOAN LOSSES (Tables)	9 Months Ended
	Sep. 30, 2022
Receivables [Abstract]
Schedule of Allowance for Loans Losses and Recorded Investment in Loans by Loan Segment	The following schedule presents the activity in the allowance for loan losses by loan segment for the three and nine months ended September 30, 2022 and September 30, 2021: Three Months Ended Real Estate - Residential Real Estate - Commercial Real Estate - Construction and Land Commercial and Industrial Consumer and other Unallocated Total September 30, 2022 Beginning Balance $ 589 $ 1,133 $ 38 $ 6,764 $ 1,038 $ 2 $ 9,564 Charge-offs — 36 — (697) (68) — (729) Recoveries — 13 — 105 36 — 154 Provision 134 (66) (4) 670 13 3 750 Ending Balance $ 723 $ 1,116 $ 34 $ 6,842 $ 1,019 $ 5 $ 9,739 September 30, 2021 Beginning Balance $ 2,420 $ 3,153 $ 308 $ 14,125 $ 249 $ 542 $ 20,797 Charge-offs — (173) — (1,500) (20) — (1,693) Recoveries — 73 — 439 — — 512 Provision 136 129 31 (2,893) 83 (486) (3,000) Ending Balance $ 2,556 $ 3,182 $ 339 $ 10,171 $ 312 $ 56 $ 16,616 Nine Months Ended September 30, 2022 Beginning Balance $ 1,437 $ 2,349 $ 241 $ 9,202 $ 154 $ 69 $ 13,452 Charge-offs — (17) — (2,667) (109) — (2,793) Recoveries — 74 — 365 41 — 480 Provision (714) (1,290) (207) (58) 933 (64) (1,400) Ending Balance $ 723 $ 1,116 $ 34 $ 6,842 $ 1,019 $ 5 $ 9,739 September 30, 2021 Beginning Balance $ 2,088 $ 2,899 $ 310 $ 15,418 $ 252 $ 195 $ 21,162 Charge-offs — (173) — (4,090) (48) — (4,311) Recoveries — 73 — 688 4 — 765 Provision 468 383 29 (1,845) 104 (139) (1,000) Ending Balance $ 2,556 $ 3,182 $ 339 $ 10,171 $ 312 $ 56 $ 16,616 The following table presents the balance in the allowance for loan losses and the recorded investment in loans by loan segment and based on impairment method at September 30, 2022. The government guaranteed loan balances are included in the collectively evaluated for impairment balances. Real Estate- Real Estate- Real Estate - Commercial Commercial Consumer Unallocated Total Allowance for loan losses: Individually evaluated for impairment $ — $ — $ — $ 981 $ — $ — $ — $ 981 Collectively evaluated for impairment 723 1,116 34 5,861 — 1,019 5 8,758 Total $ 723 $ 1,116 $ 34 $ 6,842 $ — $ 1,019 $ 5 $ 9,739 Loans: Individually evaluated for impairment $ — $ 1,379 $ — $ 2,420 $ — $ — $ — $ 3,799 Collectively evaluated for impairment 176,574 218,831 9,259 181,211 22,286 37,595 — 645,756 Total $ 176,574 $ 220,210 $ 9,259 $ 183,631 $ 22,286 $ 37,595 $ — $ 649,555 The following table presents the balance in the allowance for loan losses and the recorded investment in loans by loan segment and based on impairment method at December 31, 2021. The government guaranteed loan balances are included in the collectively evaluated for impairment balances. Real Estate- Real Estate- Real Estate - Commercial Commercial Consumer Unallocated Total Allowance for loan losses: Individually evaluated for impairment $ — $ 91 $ — $ 902 $ — $ — $ — $ 993 Collectively evaluated for impairment 1,437 2,258 241 8,300 — 154 69 12,459 Total $ 1,437 $ 2,349 $ 241 $ 9,202 $ — $ 154 $ 69 $ 13,452 Loans: Individually evaluated for impairment $ 124 $ 2,900 $ — $ 902 $ — $ — $ — $ 3,926 Collectively evaluated for impairment 87,111 160,577 18,632 216,253 80,158 3,581 — 566,312 Total $ 87,235 $ 163,477 $ 18,632 $ 217,155 $ 80,158 $ 3,581 $ — $ 570,238
Schedule of Information Related to Impaired Loans by Loan Segment	The following table presents information related to impaired loans by loan segment at and for the nine months ended September 30, 2022: Unpaid Recorded Allowance for Loan Losses Allocated Average Recorded Investment Interest Income Recognized Cash Basis Interest Recognized With no related allowance recorded: Real estate - residential $ — $ — $ — $ 124 $ — $ — Real estate - commercial 1,379 1,379 — 1,960 15 15 Subtotal 1,379 1,379 — 2,084 15 15 With an allowance recorded: Real estate - commercial — — — 76 — — Commercial and industrial 2,420 2,420 981 1,487 — — Subtotal 2,420 2,420 981 1,563 — — Total $ 3,799 $ 3,799 $ 981 $ 3,647 $ 15 $ 15 The following table presents information related to impaired loans by loan segment at and for the nine months ended September 30, 2021: Unpaid Recorded Allowance for Loan Losses Allocated Average Recorded Investment Interest Income Recognized Cash Basis Interest Recognized With no related allowance recorded: Real estate - commercial $ 2,786 $ 2,786 $ — $ 2,216 $ 6 $ 6 Subtotal 2,786 2,786 — 2,216 6 6 With an allowance recorded: Real estate - commercial 139 139 92 435 — — Commercial and industrial 790 790 790 864 — — Subtotal 929 929 882 1,299 — — Total $ 3,715 $ 3,715 $ 882 $ 3,515 $ 6 $ 6
Schedule of Recorded Investment in Nonaccrual and Loans Past Due over 89 Days Still on Accrual by Loan Segment	The following table presents the recorded investment in nonaccrual and loans past due over 89 days still on accrual by loan segment at September 30, 2022 and December 31, 2021. In the following table, the recorded investment does not include the government guaranteed balance. Nonaccrual Loans Past Due Over September 30, 2022 December 31, 2021 September 30, 2022 December 31, 2021 Real estate - residential $ — $ 124 $ — $ 126 Real estate - commercial 1,379 2,815 — — Commercial and industrial 2,420 902 145 — Consumer and other — — 71 — Total $ 3,799 $ 3,841 $ 216 $ 126
Schedule of Aging of Recorded Investment in Past Due Loans	The following table presents the aging of the recorded investment in past due loans at September 30, 2022 by loan segment: 30-89 Days Greater Than Total Past Due Loans Not Past Due (1) Total Loans Real estate - residential $ 117 $ 250 $ 367 $ 176,207 $ 176,574 Real estate - commercial 1,766 404 2,170 218,040 220,210 Real estate - construction and land — — — 9,259 9,259 Commercial and industrial 2,015 2,405 4,420 179,211 183,631 Commercial and industrial - PPP — — — 22,286 22,286 Consumer and other 417 71 488 37,107 37,595 Total $ 4,315 $ 3,130 $ 7,445 $ 642,110 $ 649,555 (1) For the purposes of the table above, $8,692 of balances 30-89 days past due and $1,198 of balances greater than 89 days past due are reported as Loans Not Past Due as a result of the government guaranty. Of those loans, $458 of commercial and industrial PPP loans were delinquent as of September 30, 2022. The following table presents the aging of the recorded investment in past due loans at December 31, 2021 by loan segment: 30-89 Days Greater Than Total Past Due Loans Not Past Due (1) Total Loans Real estate - residential $ 57 $ 250 $ 307 $ 86,928 $ 87,235 Real estate - commercial 192 1,778 1,970 161,507 163,477 Real estate - construction and land — — — 18,632 18,632 Commercial and industrial 991 424 1,415 215,740 217,155 Commercial and industrial - PPP — — — 80,158 80,158 Consumer and other — — — 3,581 3,581 Total $ 1,240 $ 2,452 $ 3,692 $ 566,546 $ 570,238 (1) For the purposes of the table above, $10,360 of balances 30-89 days past due and $2,807 of balances greater than 89 days past due are reported as Loans Not Past Due as a result of the government guaranty, and $11,089 of commercial and industrial PPP loans are primarily due to delinquencies from borrowers with only a PPP loan and no other Bank product. These borrowers were non-responsive to requests for forgiveness applications and payments, and applications were subsequently submitted to the SBA for their 100% guarantee purchase from the Bank.
Schedule of Credit Exposure for the Loan Portfolio Disaggregated by Loan Segment	The table below sets forth credit exposure for the loan portfolio disaggregated by loan segment based on internally assigned risk ratings at September 30, 2022: Pass Special Substandard Doubtful Total Loans Real estate - residential $ 176,574 $ — $ — $ — $ 176,574 Real estate - commercial 218,758 73 1,379 — 220,210 Real estate - construction and land 9,259 — — — 9,259 Commercial and industrial 180,618 112 2,901 — 183,631 Commercial and industrial - PPP 22,286 — — — 22,286 Consumer and other 37,595 — — — 37,595 Loans held for investment, at amortized cost $ 645,090 $ 185 $ 4,280 $ — $ 649,555 The table below sets forth credit exposure for the loan portfolio disaggregated by loan segment based on internally assigned risk ratings at December 31, 2021: Pass Special Substandard Doubtful Total Loans Real estate - residential $ 87,233 $ — $ 2 $ — $ 87,235 Real estate - commercial 160,492 170 2,815 — 163,477 Real estate - construction and land 18,632 — — — 18,632 Commercial and industrial 212,544 1,850 2,761 — 217,155 Commercial and industrial - PPP 80,158 — — — 80,158 Consumer and other 3,581 — — — 3,581 Loans held for investment, at amortized cost $ 562,640 $ 2,020 $ 5,578 $ — $ 570,238
Schedule of Loans Classified as Troubled Debt Restructuring and Loan Modifications Related to Covid-19	The following table presents loans classified as TDR at September 30, 2022 and December 31, 2021: September 30, 2022 December 31, 2021 Accruing Nonaccruing Accruing Nonaccruing Real estate - commercial $ — $ — $ 85 $ 1,116 Loan modifications related to COVID-19 at September 30, 2022 and December 31, 2021 are presented in the table below: September 30, 2022 December 31, 2021 Number of Outstanding Number of Loans Outstanding Recorded Investment Real estate - residential 1 $ 250 1 $ 258 Commercial and industrial 14 696 23 1,113 Total loan modifications related to COVID-19 15 $ 946 24 $ 1,371

FAIR VALUE (Tables)

FAIR VALUE (Tables)	9 Months Ended
	Sep. 30, 2022
Fair Value Disclosures [Abstract]
Schedule of Assets and Liabilities Measured at Fair Value on a Recurring Basis	Assets and liabilities measured at fair value on a recurring basis at September 30, 2022 are summarized below: Quoted Prices in Significant Significant Unobservable Inputs (Level 3) Total Financial assets Investment securities available for sale $ — $ 42,915 $ — $ 42,915 Residential loans held for sale (1) 15,957 55,596 — 71,553 SBA loans held for investment, at fair value — — 24,965 24,965 Interest rate lock commitments (1) — — 513 513 Mandatory forward sales contracts (1) 1,548 — — 1,548 Best efforts forward sales contracts (1) — — 19 19 Financial liabilities Interest rate lock commitments (1) $ — $ — $ 457 $ 457 Mandatory forward sales contracts (1) 16 — — 16 (1) Classified as assets from discontinued operations and liabilities from discontinued operations on the consolidated balance sheet. Assets and liabilities measured at fair value on a recurring basis at December 31, 2021 are summarized below: Quoted Prices in Significant Significant Unobservable Inputs (Level 3) Total Financial assets Investment securities available for sale $ — $ 30,893 $ — $ 30,893 Residential loans held for sale (1) 43,837 70,294 — 114,131 SBA loans held for investment, at fair value — — 9,614 9,614 Interest rate lock commitments (1) — — 1,435 1,435 Mandatory forward sales contracts (1) 88 — — 88 Best efforts forward sales contracts (1) — — 27 27 Financial liabilities Interest rate lock commitments (1) $ — $ — $ 23 $ 23 Mandatory forward sales contracts (1) 166 — — 166
Schedule of Fair Value for Loans	The aggregate fair value, contractual balance, and gain at September 30, 2022 and December 31, 2021 for residential loans held for sale from discontinued operations were as follows: September 30, 2022 December 31, 2021 Aggregate fair value $ 71,553 $ 114,131 Contractual balance 71,541 110,335 Gain from discontinued operations $ 12 $ 3,796 The total amount of interest income from discontinued operations and losses from changes in fair value included in earnings for the nine months ended September 30, 2022 and September 30, 2021 for residential loans held for sale from discontinued operations were as follows: Nine Months Ended September 30, 2022 2021 Interest income from discontinued operations $ 2,466 $ 2,770 Change in fair value (3,784) (6,168) Total loss from discontinued operations $ (1,318) $ (3,398) The aggregate fair value, contractual balance, and gain at September 30, 2022 and December 31, 2021 for SBA loans held for investment, at fair value, were as follows: September 30, 2022 December 31, 2021 Aggregate fair value $ 24,965 $ 9,614 Contractual balance 24,166 9,433 Gain $ 799 $ 181 The total amount of gains and losses from changes in fair value and interest income included in earnings for the nine months ended September 30, 2022 and September 30, 2021 for SBA loans held for investment, at fair value, were as follows: Nine Months Ended September 30, 2022 2021 Interest income $ 483 $ 462 Change in fair value 3,510 151 Total gain $ 3,993 $ 613
Schedule of Valuation Technique and Unobservable Inputs Used in the Valuation of SBA Loans Held for Investment, at Fair Value	The table below presents a reconciliation of SBA loans held for investment, at fair value, which were valued on a recurring basis and used significant unobservable inputs (Level 3) for the nine months ended September 30, 2022 and September 30, 2021: Nine Months Ended September 30, 2022 2021 Balance of SBA loans held for investment at fair value, beginning of period $ 9,614 $ 9,264 New SBA originations at fair value 53,697 — Loans sold (38,722) — Principal payments (3,108) (1,003) Charge-offs (26) (8) Repurchase of guaranteed balances previously participated — 1,401 Total gains during the period 3,510 151 Balance of SBA loans held for investment at fair value, end of period $ 24,965 $ 9,805 The following table provides information about the valuation techniques and unobservable inputs used in the valuation of SBA loans held for investment, at fair value, interest rate lock commitments, and best efforts forward sales contracts falling within Level 3 of the fair value hierarchy at September 30, 2022 and December 31, 2021: Fair Value Valuation Unobservable Inputs Range (Weighted Average) September 30, 2022 SBA loans held for $ 24,965 Discounted Discount rate 5.39%-8.89% (6.72%) investment, at fair value cash flow Conditional prepayment rate 8.69%-9.97% (8.96%) Interest rate lock commitments (1) 56 Quoted market prices Pull-through expectations 53.00%-100.00% (85.41%) Best efforts forward sales contracts (1) 19 Quoted market prices Pull-through expectations 53.00%-80.00% (73.31%) December 31, 2021 SBA loans held for $ 9,614 Discounted Discount rate 3.22%-6.72% (4.22%) investment, at fair value cash flow Conditional prepayment rate 10.56%-10.56% (10.56%) Interest rate lock commitments (1) 1,412 Quoted market prices Pull-through expectations 24.00%-100.00% (84.40%) Best efforts forward sales contracts (1) 27 Quoted market prices Pull-through expectations 24.00%-80.00% (65.79%)
Schedule of Assets Measured at Fair Value on a Nonrecurring Basis	Assets measured at fair value on a nonrecurring basis at September 30, 2022 are summarized below: Fair Value Valuation Technique(s) Significant Discount % Amount Impaired loans $ 1,439 Discounted appraisals, estimated net realizable value of collateral Collateral discounts 10% Assets measured at fair value on a nonrecurring basis at December 31, 2021 are summarized below: Fair Value Valuation Technique(s) Significant Discount % Amount Impaired loans $ 1,614 Discounted appraisals, estimated net realizable value of collateral Collateral discounts 10%
Schedule of the Carrying Values and Estimated Values of Financial Instruments Not Carried at Fair Value	The carrying values and estimated fair values of financial instruments not carried at fair value, at September 30, 2022 and December 31, 2021 are as follows: September 30, 2022 December 31, 2021 Level Carrying Value Fair Value Carrying Value Fair Value Assets: Cash and cash equivalents 1 $ 36,496 $ 36,496 $ 109,727 $ 109,727 Time deposits in banks 2 4,881 4,687 2,381 2,437 Investment securities held to maturity 2 5,008 4,995 2 2 Restricted equity securities, at cost 2 2,531 2,531 2,827 2,827 Government guaranteed loans held for sale 2 573 628 1,460 1,460 Loans held for investment, at amortized cost 3 646,101 652,015 560,882 569,394 Accrued interest receivable (1) 3 3,868 3,868 3,564 3,564 SBA loan servicing rights 3 9,932 11,226 6,407 8,050 Mortgage loan servicing rights (2) 3 125 125 212 212 Liabilities: Noninterest-bearing deposits 2 $ 104,215 $ 104,215 $ 83,638 $ 83,638 Interest-bearing transaction accounts 2 190,985 190,985 163,495 163,495 Savings and money market deposits 2 380,576 380,576 423,864 423,864 Time deposits 2 109,960 108,644 50,688 51,049 FHLB and FRB borrowings 2 28,000 28,000 — — Subordinated debentures 2 5,990 5,503 5,985 6,175 Notes payable 2 2,958 2,957 3,299 3,350 PPP Liquidity Facility 2 — — 69,654 69,654 Accrued interest payable 2 236 236 326 326 (1) Includes balances of $79 and $31 classified as assets from discontinued operations on the consolidated balance sheet as of September 30, 2022 and December 31, 2021, respectively. (2) Classified as assets from discontinued operations on the consolidated balance sheet.

SBA LOAN SERVICING ACTIVITIES (

SBA LOAN SERVICING ACTIVITIES (Tables)	9 Months Ended
	Sep. 30, 2022
Transfers and Servicing [Abstract]
Schedule of Activity for SBA Loan Servicing Rights	Activity for SBA loan servicing rights for the three and nine months ended September 30, 2022 and September 30, 2021 follows: Three Months Ended Nine Months Ended September 30, 2022 September 30, 2021 September 30, 2022 September 30, 2021 Beginning of period $ 7,760 $ 6,614 $ 6,407 $ 8,160 Additions 2,918 100 5,741 100 Amortization (746) (781) (2,216) (2,327) End of period $ 9,932 $ 5,933 $ 9,932 $ 5,933
Schedule of Net Gain on Sale of SBA Loans	The following table presents the components of net gain on sale of SBA loans, excluding sale of PPP loans, for the three and nine months ended September 30, 2022 and September 30, 2021: Three Months Ended Nine Months Ended September 30, 2022 September 30, 2021 September 30, 2022 September 30, 2021 Gain on sale of guaranteed SBA loans $ 4,685 $ — $ 10,723 $ — Loss on sale of unguaranteed SBA loans (63) (406) (411) (406) Costs recognized on sale of SBA loans (94) (51) (138) (51) Fair value of servicing rights created 2,918 100 5,741 100 Gain on sale of SBA loans, net $ 7,446 $ (357) $ 15,915 $ (357)

PREMISES AND EQUIPMENT (Tables)

PREMISES AND EQUIPMENT (Tables)	9 Months Ended
	Sep. 30, 2022
Property, Plant and Equipment [Abstract]
Schedule of Premises and Equipment	Premises and equipment at September 30, 2022 and December 31, 2021 were as follows: September 30, 2022 December 31, 2021 Land and improvements $ 4,488 $ 4,194 Building and improvements 13,057 9,590 Leasehold improvements 2,763 2,433 Furniture, fixtures, and equipment 6,431 7,034 Fixed assets in process 11,864 12,247 Total premises and equipment 38,603 35,498 Accumulated depreciation and amortization (5,824) (5,827) Net premises and equipment (1) $ 32,779 $ 29,671

LEASES (Tables)

LEASES (Tables)	9 Months Ended
	Sep. 30, 2022
Leases [Abstract]
Schedule of Total Lease Cost and Supplemental Information	For the three and nine months ended September 30, 2022 and September 30, 2021, the components of total lease cost and supplemental information related to operating leases were as follows: Three Months Ended Nine Months Ended 2022 2021 2022 2021 Operating lease cost $ 387 $ 355 $ 1,159 $ 1,077 Short-term lease cost 190 173 463 547 Total lease cost, net (1) $ 577 $ 528 $ 1,622 $ 1,624 (1) Includes lease costs reported as discontinued operations of $232 and $353 for the three months ended September 30, 2022 and September 30, 2021, respectively and $847 and $1,097 for the nine months ended September 30, 2022 and September 30, 2021, respectively. Three Months Ended Nine Months Ended 2022 2021 2022 2021 Operating cash flows related to operating leases $ 388 $ 357 $ 1,156 $ 1,066 Right-of-use assets obtained in exchange for new operating lease liabilities 627 — 627 136 $ 1,015 $ 357 $ 1,783 $ 1,202
Schedule of Future Minimum Lease Payments	The future minimum lease payments for operating leases, subsequent to September 30, 2022, as recorded on the balance sheet, are summarized as follows: 2022 $ 331 2023 1,366 2024 1,153 2025 945 2026 748 Thereafter 371 Total undiscounted lease payments $ 4,914 Less: imputed interest (237) Net lease liabilities $ 4,677

STOCK-BASED COMPENSATION (Table

STOCK-BASED COMPENSATION (Tables)	9 Months Ended
	Sep. 30, 2022
Share-Based Payment Arrangement [Abstract]
Schedule of Nonvested Restricted Shares	A summary of changes in the Company’s nonvested restricted shares for the nine months ended September 30, 2022 follows: Shares Weighted-Average Nonvested at January 1, 2022 2,483 $ 14.86 Granted 34,925 21.50 Vested (8,108) 19.43 Forfeited (3,650) 21.45 Nonvested at September 30, 2022 25,650 $ 21.52
Schedule of Activity in the Equity Plan	A summary of the activity in the Equity Plan for the nine months ended September 30, 2022 follows: Shares Weighted Weighted Aggregate Outstanding at January 1, 2022 450,278 $ 15.64 Exercised (4,375) 15.08 Forfeited (24,105) 15.14 Outstanding at September 30, 2022 421,798 $ 15.67 6.83 $ 2,522 Vested and exercisable at September 30, 2022 297,745 $ 15.91 6.47 $ 1,709

INCOME TAXES (Tables)

INCOME TAXES (Tables)	9 Months Ended
	Sep. 30, 2022
Income Tax Disclosure [Abstract]
Schedule of Reconciliation of Expected Income Tax Expense (Benefit)	A reconciliation of expected income tax expense (benefit) using the federal statutory rate of 21% for the three and nine months ended September 30, 2022 and September 30, 2021 and actual income tax expense (benefit) is as follows: Three Months Ended September 30, Nine Months Ended September 30, 2022 2021 2022 2021 Federal tax based on federal corporate statutory rate $ 854 $ (353) $ 893 $ 2,340 State tax, net of federal effect 187 (18) 132 734 Changes resulting from: Other, net (58) 9 (137) (106) Income tax expense (benefit) from continuing operations 983 (362) 888 2,968 Income tax (benefit) expense from discontinued operations (1,488) 861 (1,670) 4,520 Total income tax expense (benefit) $ (505) $ 499 $ (782) $ 7,488

REGULATORY MATTERS (Tables)

REGULATORY MATTERS (Tables)	9 Months Ended
	Sep. 30, 2022
Banking And Thrift Disclsoure [Abstract]
Schedule of Compliance with Regulatory Capital Requirements under Banking Regulations	Actual and required capital amounts and ratios for the Bank are presented below at September 30, 2022: Actual Required for Capital Adequacy Purposes To be Well Amount Ratio Amount Ratio Amount Ratio Total Capital (to Risk Weighted Assets) $ 106,855 15.02 % $ 56,896 8.00 % $ 71,119 10.00 % Tier 1 Capital (to Risk Weighted Assets) $ 97,940 13.77 % $ 42,672 6.00 % $ 56,896 8.00 % Common Equity Tier 1 Capital (to Risk Weighted Assets) $ 97,940 13.77 % $ 32,004 4.50 % $ 46,228 6.50 % Tier 1 Capital (to Average Assets) $ 97,940 10.48 % $ 37,392 4.00 % $ 46,740 5.00 % Actual and required capital amounts and ratios for the Bank are presented below at December 31, 2021: Actual Required for Capital Adequacy Purposes To be Well Amount Ratio Amount Ratio Amount Ratio Total Capital (to Risk Weighted Assets) $ 106,002 21.25 % $ 39,909 8.00 % $ 49,886 10.00 % Tier 1 Capital (to Risk Weighted Assets) $ 99,656 19.98 % $ 29,932 6.00 % $ 39,909 8.00 % Common Equity Tier 1 Capital (to Risk Weighted Assets) $ 99,656 19.98 % $ 22,449 4.50 % $ 32,426 6.50 % Tier 1 Capital (to Average Assets) $ 99,656 12.22 % $ 32,619 4.00 % $ 40,774 5.00 %

DISCONTINUED OPERATIONS - MOR_2

DISCONTINUED OPERATIONS - MORTGAGE BANKING ACTIVITIES (Tables)	9 Months Ended
	Sep. 30, 2022
Mortgage Banking [Abstract]
Schedule of Components of Residential Loan Fee Mortgage Banking Income From Discontinued Operations	The following table presents the components of the mortgage banking income from discontinued operations for the three and nine months ended September 30, 2022 and September 30, 2021: Three Months Ended Nine Months Ended 2022 2021 2022 2021 Net gain realized on sale of residential loans held for sale $ 5,988 $ 22,999 $ 19,295 $ 74,842 Net change in fair value recognized on residential loans held for sale (1,745) (1,381) (3,784) (6,168) Net change in fair value recognized on interest rate lock commitments (1,094) (1,288) (1,362) (6,356) Net change in fair value recognized on mandatory and best efforts forward sales contracts 2,940 (1,017) 12,514 6,847 Mortgage banking fees 1,022 2,248 3,851 7,777 Residential loan fee income from discontinued operations $ 7,111 $ 21,561 $ 30,514 $ 76,942
Schedule of Net Gains (Losses) Relating to Free-Standing Derivative Instruments Used for Risk Management	The net gains (losses) relating to free-standing derivative instruments used for risk management at September 30, 2022 and December 31, 2021 are summarized below: September 30, 2022 December 31, 2021 Mandatory forward sales contracts $ 1,532 $ (78) Best efforts forward sales contracts 19 27 Interest rate lock commitments 56 1,412
Schedule of Derivative Assets at Fair Value	The following table reflects the amount and fair value of mortgage banking derivatives included in the assets and liabilities from discontinued operations on the Consolidated Balance Sheets at September 30, 2022 and December 31, 2021: September 30, 2022 December 31, 2021 Notional Fair Notional Fair Included in other assets from discontinued operations: Interest rate lock commitments $ 38,968 $ 513 $ 103,572 $ 1,435 Mandatory forward sales contracts 55,000 1,548 60,000 88 Best efforts forward sales contracts 9,504 19 7,375 27 Included in other liabilities from discontinued operations: Interest rate lock commitments 23,535 457 4,550 23 Mandatory forward sales contracts 2,000 16 82,500 166
Schedule of Derivative Liabilities at Fair Value	The following table reflects the amount and fair value of mortgage banking derivatives included in the assets and liabilities from discontinued operations on the Consolidated Balance Sheets at September 30, 2022 and December 31, 2021: September 30, 2022 December 31, 2021 Notional Fair Notional Fair Included in other assets from discontinued operations: Interest rate lock commitments $ 38,968 $ 513 $ 103,572 $ 1,435 Mandatory forward sales contracts 55,000 1,548 60,000 88 Best efforts forward sales contracts 9,504 19 7,375 27 Included in other liabilities from discontinued operations: Interest rate lock commitments 23,535 457 4,550 23 Mandatory forward sales contracts 2,000 16 82,500 166

LOAN COMMITMENTS AND OTHER RE_2

LOAN COMMITMENTS AND OTHER RELATED ACTIVITIES (Tables)	9 Months Ended
	Sep. 30, 2022
Commitments and Contingencies Disclosure [Abstract]
Schedule of Financial Instruments With Off-Balance Sheet Risk	The contractual amounts of financial instruments with off-balance sheet risk at September 30, 2022 and December 31, 2021 were as follows: September 30, 2022 December 31, 2021 Unfunded loan commitments $ 28,340 $ 18,567 Unused lines of credit 107,338 52,076 Standby letters of credit 68 68

EARNINGS PER COMMON SHARE (Tabl

EARNINGS PER COMMON SHARE (Tables)	9 Months Ended
	Sep. 30, 2022
Earnings Per Share [Abstract]
Schedule of Basic and Diluted Earnings Per Common Share	The following table sets forth the computation of basic and diluted earnings per common share for the three and nine months ended September 30, 2022 and 2021: Three Months Ended Nine Months Ended 2022 2021 2022 2021 Basic: Income (loss) from continuing operations $ 3,083 $ (1,318) $ 3,365 $ 8,173 (Loss) income for discontinued operations (4,485) 2,598 (5,036) 13,634 Net income (loss) $ (1,402) $ 1,280 $ (1,671) $ 21,807 Less: Preferred stock dividends 208 230 624 797 Net income available to (loss attributable to) common shareholders $ (1,610) $ 1,050 $ (2,295) $ 21,010 Weighted average common shares outstanding 4,028,212 3,913,523 4,015,476 3,749,692 Basic earnings (loss) per common share: Continuing operations $ 0.71 $ (0.40) $ 0.68 $ 1.97 Discontinued operations $ (1.11) $ 0.66 $ (1.25) $ 3.63 Total $ (0.40) $ 0.26 $ (0.57) $ 5.60 Diluted: Income (loss) from continuing operations $ 3,083 $ (1,318) $ 3,365 $ 8,173 (Loss) income for discontinued operations (4,485) 2,598 (5,036) 13,634 Net income (loss) $ (1,402) $ 1,280 $ (1,671) $ 21,807 Less: Preferred stock dividends 208 230 624 797 Add: Series B preferred stock dividends 64 — 193 365 Net income available to (loss attributable to) common shareholders $ (1,546) $ 1,050 $ (2,102) $ 21,375 Weighted average common shares outstanding for basic earnings per common share 4,028,212 3,913,523 4,015,476 3,749,692 Add: Dilutive effects of conversion of Series B preferred stock to common stock 270,743 — 270,743 321,318 Add: Dilutive effects of assumed exercises of stock options and warrants 42,163 — 62,961 98,256 Average shares and dilutive potential common shares 4,341,118 3,913,523 4,349,180 4,169,266 Diluted earnings (loss) per common share: Continuing operations $ 0.68 $ (0.40) $ 0.67 $ 1.86 Discontinued operations $ (1.03) $ 0.66 $ (1.15) $ 3.27 Total $ (0.35) $ 0.26 $ (0.48) $ 5.13

BASIS OF PRESENTATION - Narrati

BASIS OF PRESENTATION - Narrative (Details)		9 Months Ended
	May 10, 2021	Sep. 30, 2022 segment
Accounting Policies [Abstract]
Number of business segments		1
Stock split conversion	1.5

DISCONTINUED OPERATIONS - Asset

DISCONTINUED OPERATIONS - Assets and Liabilities of the Residential Mortgage Lending Division (Details) - USD ($)	Sep. 30, 2022	Dec. 31, 2021
Assets
Total assets	$ 76,747,000	$ 118,381,000
Liabilities
Total liabilities	3,989,000	6,254,000
Discontinued Operations, Held-for-sale | Nationwide Residential Mortgage Loan Production Operations
Assets
Loans held for sale, at fair value	71,553,000	114,131,000
Premises and equipment, net	0	580,000
Loan servicing rights	125,000	212,000
Mortgage banking derivative asset	2,080,000	1,550,000
Right-of-use operating lease asset	612,000	1,280,000
Accrued interest	79,000	31,000
Other assets	2,298,000	597,000
Total assets	76,747,000	118,381,000
Liabilities
Operating lease liability	1,322,000	1,316,000
Mortgage banking derivative liability	473,000	189,000
Other liabilities	2,194,000	4,749,000
Total liabilities	$ 3,989,000	$ 6,254,000

DISCONTINUED OPERATIONS - Opera

DISCONTINUED OPERATIONS - Operating Results of the Residential Mortgage Lending Division (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
(Loss) income from discontinued operations before income taxes	$ (5,973)	$ 3,459	$ (6,706)	$ 18,154
Income tax (benefit) expense	(1,488)	861	(1,670)	4,520
Net (loss) income from discontinued operations	(4,485)	2,598	(5,036)	13,634
Discontinued Operations, Held-for-sale | Nationwide Residential Mortgage Loan Production Operations
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Interest income	862	740	2,466	2,770
Noninterest income	7,116	21,382	30,540	76,986
Total net revenue	7,978	22,122	33,006	79,756
Noninterest expense	13,951	18,663	39,712	61,602
(Loss) income from discontinued operations before income taxes	(5,973)	3,459	(6,706)	18,154
Income tax (benefit) expense	(1,488)	861	(1,670)	4,520
Net (loss) income from discontinued operations	$ (4,485)	$ 2,598	$ (5,036)	$ 13,634

INVESTMENT SECURITIES - Securit

INVESTMENT SECURITIES - Securities Available for Sale (Details) - USD ($) $ in Thousands	Sep. 30, 2022	Dec. 31, 2021
Debt Securities, Available-for-Sale [Line Items]
Amortized Cost	$ 48,016	$ 31,464
Gross Unrealized Gains	0	0
Gross Unrealized Losses	(5,101)	(571)
Fair Value	42,915	30,893
Investment securities held to maturity:
Amortized Cost	5,008	2
Gross Unrealized Gains	0	0
Gross Unrealized Losses	(13)	0
Fair Value	4,995	2
Asset-backed securities
Debt Securities, Available-for-Sale [Line Items]
Amortized Cost	9,992	7,624
Gross Unrealized Gains	0	0
Gross Unrealized Losses	(207)	(89)
Fair Value	9,785	7,535
Mortgage-backed securities: U.S. Government-sponsored enterprises
Debt Securities, Available-for-Sale [Line Items]
Amortized Cost	4,209	4,470
Gross Unrealized Gains	0	0
Gross Unrealized Losses	(741)	(76)
Fair Value	3,468	4,394
Investment securities held to maturity:
Amortized Cost	2	2
Gross Unrealized Gains	0	0
Gross Unrealized Losses	0	0
Fair Value	2	2
Collateralized mortgage obligations: U.S. Government-sponsored enterprises
Debt Securities, Available-for-Sale [Line Items]
Amortized Cost	22,477	19,370
Gross Unrealized Gains	0	0
Gross Unrealized Losses	(3,932)	(406)
Fair Value	18,545	$ 18,964
Corporate bonds
Debt Securities, Available-for-Sale [Line Items]
Amortized Cost	11,338
Gross Unrealized Gains	0
Gross Unrealized Losses	(221)
Fair Value	11,117
Investment securities held to maturity:
Amortized Cost	5,006
Gross Unrealized Gains	0
Gross Unrealized Losses	(13)
Fair Value	$ 4,993

INVESTMENT SECURITIES - Investm

INVESTMENT SECURITIES - Investments by Contractual Maturity (Details) - USD ($) $ in Thousands	Sep. 30, 2022	Dec. 31, 2021
Amortized Cost
One to five years	$ 9,982
Five to ten years	1,356
Beyond ten years	36,678
Amortized Cost	48,016	$ 31,464
Fair Value
One to five years	9,806
Five to ten years	1,310
Beyond ten years	31,799
Total	42,915	30,893
Amortized Cost
One to five years	4,006
Five to ten years	1,000
Beyond ten years	2
Amortized Cost	5,008	2
Fair Value
One to five years	3,993
Five to ten years	1,000
Beyond ten years	2
Total	$ 4,995	$ 2

INVESTMENT SECURITIES - Narrati

INVESTMENT SECURITIES - Narrative (Details) $ in Thousands	3 Months Ended
	Jun. 30, 2022 USD ($)	Sep. 30, 2022 security
Investments, Debt and Equity Securities [Abstract]
Transferred to held to maturity | $	$ 1,500
Investment portfolio, number of securities		22
Number of securities in unrealized loss position		18

INVESTMENT SECURITIES - Unreali

INVESTMENT SECURITIES - Unrealized Loss on Investments (Details) - USD ($) $ in Thousands	Sep. 30, 2022	Dec. 31, 2021
Investment securities available for sale:
AFS, Less than 12 months, Fair Value	$ 17,645	$ 30,893
AFS, Less than 12 months, Unrealized Losses	(704)	(571)
AFS, 12 months or longer, Fair Value	25,270	0
AFS, 12 months or longer, Unrealized Losses	(4,397)	0
AFS, Total Fair Value	42,915	30,893
AFS, Total Unrealized Losses	(5,101)	(571)
Investment securities held to maturity:
HTM, Less than 12 months, Fair Value	2,497
HTM, Less than 12 months, Unrealized Losses	(13)
HTM, 12 months or longer, Fair Value	0
HTM, 12 months or longer, Unrealized Losses	0
HTM, Total Fair Value	2,497
HTM, Total Unrealized Losses	(13)
Asset-backed securities
Investment securities available for sale:
AFS, Less than 12 months, Fair Value	2,340	7,535
AFS, Less than 12 months, Unrealized Losses	(37)	(89)
AFS, 12 months or longer, Fair Value	7,445	0
AFS, 12 months or longer, Unrealized Losses	(170)	0
AFS, Total Fair Value	9,785	7,535
AFS, Total Unrealized Losses	(207)	(89)
Mortgage-backed securities: U.S. Government-sponsored enterprises
Investment securities available for sale:
AFS, Less than 12 months, Fair Value	0	4,394
AFS, Less than 12 months, Unrealized Losses	0	(76)
AFS, 12 months or longer, Fair Value	3,468	0
AFS, 12 months or longer, Unrealized Losses	(741)	0
AFS, Total Fair Value	3,468	4,394
AFS, Total Unrealized Losses	(741)	(76)
Collateralized mortgage obligations: U.S. Government-sponsored enterprises
Investment securities available for sale:
AFS, Less than 12 months, Fair Value	4,188	18,964
AFS, Less than 12 months, Unrealized Losses	(446)	(406)
AFS, 12 months or longer, Fair Value	14,357	0
AFS, 12 months or longer, Unrealized Losses	(3,486)	0
AFS, Total Fair Value	18,545	18,964
AFS, Total Unrealized Losses	(3,932)	$ (406)
Corporate bonds
Investment securities available for sale:
AFS, Less than 12 months, Fair Value	11,117
AFS, Less than 12 months, Unrealized Losses	(221)
AFS, 12 months or longer, Fair Value	0
AFS, 12 months or longer, Unrealized Losses	0
AFS, Total Fair Value	11,117
AFS, Total Unrealized Losses	(221)
Investment securities held to maturity:
HTM, Less than 12 months, Fair Value	2,497
HTM, Less than 12 months, Unrealized Losses	(13)
HTM, 12 months or longer, Fair Value	0
HTM, 12 months or longer, Unrealized Losses	0
HTM, Total Fair Value	2,497
HTM, Total Unrealized Losses	$ (13)

LOANS - Loans for Investment at

LOANS - Loans for Investment at Amortized Cost (Details) - USD ($) $ in Thousands	Sep. 30, 2022	Jun. 30, 2022	Dec. 31, 2021	Sep. 30, 2021	Jun. 30, 2021	Dec. 31, 2020
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans held for investment, at amortized cost, gross	$ 649,555		$ 570,238
Deferred loan costs, net	9,047		7,975
Discount on SBA 7(a) loans sold	(5,068)		(3,866)
Premium (discount) on loans purchased	2,306		(13)
Allowance for loan losses	(9,739)	$ (9,564)	(13,452)	$ (16,616)	$ (20,797)	$ (21,162)
Loans held for investment, at amortized cost	646,101		560,882
Real Estate - Residential
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans held for investment, at amortized cost, gross	176,574		87,235
Allowance for loan losses	(723)	(589)	(1,437)	(2,556)	(2,420)	(2,088)
Real Estate - Commercial
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans held for investment, at amortized cost, gross	220,210		163,477
Allowance for loan losses	(1,116)	(1,133)	(2,349)	(3,182)	(3,153)	(2,899)
Real Estate - Construction and Land
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans held for investment, at amortized cost, gross	9,259		18,632
Allowance for loan losses	(34)	(38)	(241)	(339)	(308)	(310)
Commercial and Industrial
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans held for investment, at amortized cost, gross	183,631		217,155
Allowance for loan losses	(6,842)	(6,764)	(9,202)	(10,171)	(14,125)	(15,418)
Commercial and industrial - PPP
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans held for investment, at amortized cost, gross	22,286		80,158
Allowance for loan losses	0		0
Consumer and other
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans held for investment, at amortized cost, gross	37,595		3,581
Allowance for loan losses	$ (1,019)	$ (1,038)	$ (154)	$ (312)	$ (249)	$ (252)

ALLOWANCE FOR LOAN LOSSES - All

ALLOWANCE FOR LOAN LOSSES - Allowance for Loans Losses by Loan Segment (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Financing Receivable, Allowance for Credit Loss [Roll Forward]
Beginning Balance	$ 9,564	$ 20,797	$ 13,452	$ 21,162
Charge-offs	(729)	(1,693)	(2,793)	(4,311)
Recoveries	154	512	480	765
Provision	750	(3,000)	(1,400)	(1,000)
Ending Balance	9,739	16,616	9,739	16,616
Real Estate - Residential
Financing Receivable, Allowance for Credit Loss [Roll Forward]
Beginning Balance	589	2,420	1,437	2,088
Charge-offs	0	0	0	0
Recoveries	0	0	0	0
Provision	134	136	(714)	468
Ending Balance	723	2,556	723	2,556
Real Estate - Commercial
Financing Receivable, Allowance for Credit Loss [Roll Forward]
Beginning Balance	1,133	3,153	2,349	2,899
Charge-offs	36	(173)	(17)	(173)
Recoveries	13	73	74	73
Provision	(66)	129	(1,290)	383
Ending Balance	1,116	3,182	1,116	3,182
Real Estate - Construction and Land
Financing Receivable, Allowance for Credit Loss [Roll Forward]
Beginning Balance	38	308	241	310
Charge-offs	0	0	0	0
Recoveries	0	0	0	0
Provision	(4)	31	(207)	29
Ending Balance	34	339	34	339
Commercial and Industrial
Financing Receivable, Allowance for Credit Loss [Roll Forward]
Beginning Balance	6,764	14,125	9,202	15,418
Charge-offs	(697)	(1,500)	(2,667)	(4,090)
Recoveries	105	439	365	688
Provision	670	(2,893)	(58)	(1,845)
Ending Balance	6,842	10,171	6,842	10,171
Consumer and other
Financing Receivable, Allowance for Credit Loss [Roll Forward]
Beginning Balance	1,038	249	154	252
Charge-offs	(68)	(20)	(109)	(48)
Recoveries	36	0	41	4
Provision	13	83	933	104
Ending Balance	1,019	312	1,019	312
Unallocated
Financing Receivable, Allowance for Credit Loss [Roll Forward]
Beginning Balance	2	542	69	195
Charge-offs	0	0	0	0
Recoveries	0	0	0	0
Provision	3	(486)	(64)	(139)
Ending Balance	$ 5	$ 56	$ 5	$ 56

ALLOWANCE FOR LOAN LOSSES - A_2

ALLOWANCE FOR LOAN LOSSES - Allowance for Loans Losses and Recorded Investment in Loans by Loan Segment (Details) - USD ($) $ in Thousands	Sep. 30, 2022	Jun. 30, 2022	Dec. 31, 2021	Sep. 30, 2021	Jun. 30, 2021	Dec. 31, 2020
Financing Receivable, Allowance for Credit Loss [Line Items]
Individually evaluated for impairment	$ 981		$ 993
Collectively evaluated for impairment	8,758		12,459
Total	9,739	$ 9,564	13,452	$ 16,616	$ 20,797	$ 21,162
Individually evaluated for impairment	3,799		3,926
Collectively evaluated for impairment	645,756		566,312
Total	649,555		570,238
Real Estate - Residential
Financing Receivable, Allowance for Credit Loss [Line Items]
Individually evaluated for impairment	0		0
Collectively evaluated for impairment	723		1,437
Total	723	589	1,437	2,556	2,420	2,088
Individually evaluated for impairment	0		124
Collectively evaluated for impairment	176,574		87,111
Total	176,574		87,235
Real Estate - Commercial
Financing Receivable, Allowance for Credit Loss [Line Items]
Individually evaluated for impairment	0		91
Collectively evaluated for impairment	1,116		2,258
Total	1,116	1,133	2,349	3,182	3,153	2,899
Individually evaluated for impairment	1,379		2,900
Collectively evaluated for impairment	218,831		160,577
Total	220,210		163,477
Real Estate - Construction and Land
Financing Receivable, Allowance for Credit Loss [Line Items]
Individually evaluated for impairment	0		0
Collectively evaluated for impairment	34		241
Total	34	38	241	339	308	310
Individually evaluated for impairment	0		0
Collectively evaluated for impairment	9,259		18,632
Total	9,259		18,632
Commercial and Industrial
Financing Receivable, Allowance for Credit Loss [Line Items]
Individually evaluated for impairment	981		902
Collectively evaluated for impairment	5,861		8,300
Total	6,842	6,764	9,202	10,171	14,125	15,418
Individually evaluated for impairment	2,420		902
Collectively evaluated for impairment	181,211		216,253
Total	183,631		217,155
Commercial and industrial - PPP
Financing Receivable, Allowance for Credit Loss [Line Items]
Individually evaluated for impairment	0		0
Collectively evaluated for impairment	0		0
Total	0		0
Individually evaluated for impairment	0		0
Collectively evaluated for impairment	22,286		80,158
Total	22,286		80,158
Consumer and other
Financing Receivable, Allowance for Credit Loss [Line Items]
Individually evaluated for impairment	0		0
Collectively evaluated for impairment	1,019		154
Total	1,019	1,038	154	312	249	252
Individually evaluated for impairment	0		0
Collectively evaluated for impairment	37,595		3,581
Total	37,595		3,581
Unallocated
Financing Receivable, Allowance for Credit Loss [Line Items]
Individually evaluated for impairment	0		0
Collectively evaluated for impairment	5		69
Total	5	$ 2	69	$ 56	$ 542	$ 195
Individually evaluated for impairment	0		0
Collectively evaluated for impairment	0		0
Total	$ 0		$ 0

ALLOWANCE FOR LOAN LOSSES - Inf

ALLOWANCE FOR LOAN LOSSES - Information Related to Impaired Loans by Loan Segment (Details) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021
Financing Receivable, Impaired [Line Items]
Impaired Loans with No Related Allowance Recorded - Unpaid Principal Balance	$ 1,379	$ 2,786
Impaired Loans with No Related Allowance Recorded - Recorded Investment	1,379	2,786
Impaired Loans with No Related Allowance Recorded - Average Recorded Investment	2,084	2,216
Impaired Loans with No Related Allowance Recorded - Interest Income Recognized	15	6
Impaired Loans with No Related Allowance Recorded - Cash Basis Interest Recognized	15	6
Impaired Loans with an Allowance Recorded - Unpaid Principal Balance	2,420	929
Impaired Loans with an Allowance Recorded - Recorded Investment	2,420	929
Impaired Loans with an Allowance Recorded - Allowance for Loan Losses Allocated	981	882
Impaired Loans with an Allowance Recorded - Average Recorded Investment	1,563	1,299
Impaired Loans with an Allowance Recorded - Interest Income Recognized	0	0
Impaired Loans with an Allowance Recorded - Cash Basis Interest Recognized	0	0
Impaired Loans - Unpaid Principal Balance	3,799	3,715
Impaired Loans - Recorded Investment	3,799	3,715
Impaired Loans - Average Recorded Investment	3,647	3,515
Impaired Loans - Interest Income Recognized	15	6
Impaired Loans - Cash Basis Interest Recognized	15	6
Real Estate - Residential
Financing Receivable, Impaired [Line Items]
Impaired Loans with No Related Allowance Recorded - Unpaid Principal Balance	0
Impaired Loans with No Related Allowance Recorded - Recorded Investment	0
Impaired Loans with No Related Allowance Recorded - Average Recorded Investment	124
Impaired Loans with No Related Allowance Recorded - Interest Income Recognized	0
Impaired Loans with No Related Allowance Recorded - Cash Basis Interest Recognized	0
Real Estate - Commercial
Financing Receivable, Impaired [Line Items]
Impaired Loans with No Related Allowance Recorded - Unpaid Principal Balance	1,379	2,786
Impaired Loans with No Related Allowance Recorded - Recorded Investment	1,379	2,786
Impaired Loans with No Related Allowance Recorded - Average Recorded Investment	1,960	2,216
Impaired Loans with No Related Allowance Recorded - Interest Income Recognized	15	6
Impaired Loans with No Related Allowance Recorded - Cash Basis Interest Recognized	15	6
Impaired Loans with an Allowance Recorded - Unpaid Principal Balance	0	139
Impaired Loans with an Allowance Recorded - Recorded Investment	0	139
Impaired Loans with an Allowance Recorded - Allowance for Loan Losses Allocated	0	92
Impaired Loans with an Allowance Recorded - Average Recorded Investment	76	435
Impaired Loans with an Allowance Recorded - Interest Income Recognized	0	0
Impaired Loans with an Allowance Recorded - Cash Basis Interest Recognized	0	0
Commercial and Industrial
Financing Receivable, Impaired [Line Items]
Impaired Loans with an Allowance Recorded - Unpaid Principal Balance	2,420	790
Impaired Loans with an Allowance Recorded - Recorded Investment	2,420	790
Impaired Loans with an Allowance Recorded - Allowance for Loan Losses Allocated	981	790
Impaired Loans with an Allowance Recorded - Average Recorded Investment	1,487	864
Impaired Loans with an Allowance Recorded - Interest Income Recognized	0	0
Impaired Loans with an Allowance Recorded - Cash Basis Interest Recognized	$ 0	$ 0

ALLOWANCE FOR LOAN LOSSES - Nar

ALLOWANCE FOR LOAN LOSSES - Narrative (Details) - USD ($) $ in Thousands	Sep. 30, 2022	Dec. 31, 2021
Receivables [Abstract]
Impaired loans, unsold guaranteed balance	$ 5,816	$ 6,197
Unguaranteed portion of guaranteed loan threshold for reserved in full	$ 100
Estimated amount of loan loss reserves impaired		$ 38

ALLOWANCE FOR LOAN LOSSES - Rec

ALLOWANCE FOR LOAN LOSSES - Recorded Investment in Nonaccrual and Loans Past Due over 89 Days Still on Accrual by Loan Segment (Details) - USD ($) $ in Thousands	Sep. 30, 2022	Dec. 31, 2021
Financing Receivable, Nonaccrual [Line Items]
Nonaccrual	$ 3,799	$ 3,841
Loans Past Due Over 89 Days Still Accruing	216	126
Real Estate - Residential
Financing Receivable, Nonaccrual [Line Items]
Nonaccrual	0	124
Loans Past Due Over 89 Days Still Accruing	0	126
Real Estate - Commercial
Financing Receivable, Nonaccrual [Line Items]
Nonaccrual	1,379	2,815
Loans Past Due Over 89 Days Still Accruing	0	0
Commercial and Industrial
Financing Receivable, Nonaccrual [Line Items]
Nonaccrual	2,420	902
Loans Past Due Over 89 Days Still Accruing	145	0
Consumer and other
Financing Receivable, Nonaccrual [Line Items]
Nonaccrual	0	0
Loans Past Due Over 89 Days Still Accruing	$ 71	$ 0

ALLOWANCE FOR LOAN LOSSES - Agi

ALLOWANCE FOR LOAN LOSSES - Aging of Recorded Investment in Past Due Loans (Details) - USD ($) $ in Thousands	Sep. 30, 2022	Dec. 31, 2021
Financing Receivable, Past Due [Line Items]
Loans, gross	$ 649,555	$ 570,238
Total Past Due
Financing Receivable, Past Due [Line Items]
Loans, gross	7,445	3,692
30-89 Days Past Due
Financing Receivable, Past Due [Line Items]
Loans, gross	4,315	1,240
Government guaranteed loan balance	8,692	10,360
Greater Than 89 Days Past Due
Financing Receivable, Past Due [Line Items]
Loans, gross	3,130	2,452
Government guaranteed loan balance	1,198	2,807
Loans Not Past Due
Financing Receivable, Past Due [Line Items]
Loans, gross	642,110	566,546
Real Estate - Residential
Financing Receivable, Past Due [Line Items]
Loans, gross	176,574	87,235
Real Estate - Residential | Total Past Due
Financing Receivable, Past Due [Line Items]
Loans, gross	367	307
Real Estate - Residential | 30-89 Days Past Due
Financing Receivable, Past Due [Line Items]
Loans, gross	117	57
Real Estate - Residential | Greater Than 89 Days Past Due
Financing Receivable, Past Due [Line Items]
Loans, gross	250	250
Real Estate - Residential | Loans Not Past Due
Financing Receivable, Past Due [Line Items]
Loans, gross	176,207	86,928
Real Estate - Commercial
Financing Receivable, Past Due [Line Items]
Loans, gross	220,210	163,477
Real Estate - Commercial | Total Past Due
Financing Receivable, Past Due [Line Items]
Loans, gross	2,170	1,970
Real Estate - Commercial | 30-89 Days Past Due
Financing Receivable, Past Due [Line Items]
Loans, gross	1,766	192
Real Estate - Commercial | Greater Than 89 Days Past Due
Financing Receivable, Past Due [Line Items]
Loans, gross	404	1,778
Real Estate - Commercial | Loans Not Past Due
Financing Receivable, Past Due [Line Items]
Loans, gross	218,040	161,507
Real Estate - Construction and Land
Financing Receivable, Past Due [Line Items]
Loans, gross	9,259	18,632
Real Estate - Construction and Land | Total Past Due
Financing Receivable, Past Due [Line Items]
Loans, gross	0	0
Real Estate - Construction and Land | 30-89 Days Past Due
Financing Receivable, Past Due [Line Items]
Loans, gross	0	0
Real Estate - Construction and Land | Greater Than 89 Days Past Due
Financing Receivable, Past Due [Line Items]
Loans, gross	0	0
Real Estate - Construction and Land | Loans Not Past Due
Financing Receivable, Past Due [Line Items]
Loans, gross	9,259	18,632
Commercial and Industrial
Financing Receivable, Past Due [Line Items]
Loans, gross	183,631	217,155
Commercial and Industrial | Total Past Due
Financing Receivable, Past Due [Line Items]
Loans, gross	4,420	1,415
Commercial and Industrial | 30-89 Days Past Due
Financing Receivable, Past Due [Line Items]
Loans, gross	2,015	991
Commercial and Industrial | Greater Than 89 Days Past Due
Financing Receivable, Past Due [Line Items]
Loans, gross	2,405	424
Commercial and Industrial | Loans Not Past Due
Financing Receivable, Past Due [Line Items]
Loans, gross	179,211	215,740
Commercial and industrial - PPP
Financing Receivable, Past Due [Line Items]
Loans, gross	22,286	80,158
Commercial and industrial - PPP | Total Past Due
Financing Receivable, Past Due [Line Items]
Loans, gross	0	0
Commercial and industrial - PPP | 30-89 Days Past Due
Financing Receivable, Past Due [Line Items]
Loans, gross	0	0
Commercial and industrial - PPP | Greater Than 89 Days Past Due
Financing Receivable, Past Due [Line Items]
Loans, gross	0	0
Commercial and industrial - PPP | Loans Not Past Due
Financing Receivable, Past Due [Line Items]
Loans, gross	22,286	80,158
Consumer and other
Financing Receivable, Past Due [Line Items]
Loans, gross	37,595	3,581
Consumer and other | Total Past Due
Financing Receivable, Past Due [Line Items]
Loans, gross	488	0
Consumer and other | 30-89 Days Past Due
Financing Receivable, Past Due [Line Items]
Loans, gross	417	0
Consumer and other | Greater Than 89 Days Past Due
Financing Receivable, Past Due [Line Items]
Loans, gross	71	0
Consumer and other | Loans Not Past Due
Financing Receivable, Past Due [Line Items]
Loans, gross	37,107	3,581
PPP Loan Delinquencies
Financing Receivable, Past Due [Line Items]
Government guaranteed loan balance		$ 11,089
Delinquent loans	$ 458

ALLOWANCE FOR LOAN LOSSES - Cre

ALLOWANCE FOR LOAN LOSSES - Credit Exposure for the Loan Portfolio Disaggregated by Loan Segment (Details) - USD ($) $ in Thousands	Sep. 30, 2022	Dec. 31, 2021
Financing Receivable, Credit Quality Indicator [Line Items]
Loans held for investment, at amortized cost, gross	$ 649,555	$ 570,238
Pass
Financing Receivable, Credit Quality Indicator [Line Items]
Loans held for investment, at amortized cost, gross	645,090	562,640
Special Mention
Financing Receivable, Credit Quality Indicator [Line Items]
Loans held for investment, at amortized cost, gross	185	2,020
Substandard
Financing Receivable, Credit Quality Indicator [Line Items]
Loans held for investment, at amortized cost, gross	4,280	5,578
Doubtful
Financing Receivable, Credit Quality Indicator [Line Items]
Loans held for investment, at amortized cost, gross	0	0
Real Estate - Residential
Financing Receivable, Credit Quality Indicator [Line Items]
Loans held for investment, at amortized cost, gross	176,574	87,235
Real Estate - Residential | Pass
Financing Receivable, Credit Quality Indicator [Line Items]
Loans held for investment, at amortized cost, gross	176,574	87,233
Real Estate - Residential | Special Mention
Financing Receivable, Credit Quality Indicator [Line Items]
Loans held for investment, at amortized cost, gross	0	0
Real Estate - Residential | Substandard
Financing Receivable, Credit Quality Indicator [Line Items]
Loans held for investment, at amortized cost, gross	0	2
Real Estate - Residential | Doubtful
Financing Receivable, Credit Quality Indicator [Line Items]
Loans held for investment, at amortized cost, gross	0	0
Real Estate - Commercial
Financing Receivable, Credit Quality Indicator [Line Items]
Loans held for investment, at amortized cost, gross	220,210	163,477
Real Estate - Commercial | Pass
Financing Receivable, Credit Quality Indicator [Line Items]
Loans held for investment, at amortized cost, gross	218,758	160,492
Real Estate - Commercial | Special Mention
Financing Receivable, Credit Quality Indicator [Line Items]
Loans held for investment, at amortized cost, gross	73	170
Real Estate - Commercial | Substandard
Financing Receivable, Credit Quality Indicator [Line Items]
Loans held for investment, at amortized cost, gross	1,379	2,815
Real Estate - Commercial | Doubtful
Financing Receivable, Credit Quality Indicator [Line Items]
Loans held for investment, at amortized cost, gross	0	0
Real Estate - Construction and Land
Financing Receivable, Credit Quality Indicator [Line Items]
Loans held for investment, at amortized cost, gross	9,259	18,632
Real Estate - Construction and Land | Pass
Financing Receivable, Credit Quality Indicator [Line Items]
Loans held for investment, at amortized cost, gross	9,259	18,632
Real Estate - Construction and Land | Special Mention
Financing Receivable, Credit Quality Indicator [Line Items]
Loans held for investment, at amortized cost, gross	0	0
Real Estate - Construction and Land | Substandard
Financing Receivable, Credit Quality Indicator [Line Items]
Loans held for investment, at amortized cost, gross	0	0
Real Estate - Construction and Land | Doubtful
Financing Receivable, Credit Quality Indicator [Line Items]
Loans held for investment, at amortized cost, gross	0	0
Commercial and Industrial
Financing Receivable, Credit Quality Indicator [Line Items]
Loans held for investment, at amortized cost, gross	183,631	217,155
Commercial and Industrial | Pass
Financing Receivable, Credit Quality Indicator [Line Items]
Loans held for investment, at amortized cost, gross	180,618	212,544
Commercial and Industrial | Special Mention
Financing Receivable, Credit Quality Indicator [Line Items]
Loans held for investment, at amortized cost, gross	112	1,850
Commercial and Industrial | Substandard
Financing Receivable, Credit Quality Indicator [Line Items]
Loans held for investment, at amortized cost, gross	2,901	2,761
Commercial and Industrial | Doubtful
Financing Receivable, Credit Quality Indicator [Line Items]
Loans held for investment, at amortized cost, gross	0	0
Commercial and industrial - PPP
Financing Receivable, Credit Quality Indicator [Line Items]
Loans held for investment, at amortized cost, gross	22,286	80,158
Commercial and industrial - PPP | Pass
Financing Receivable, Credit Quality Indicator [Line Items]
Loans held for investment, at amortized cost, gross	22,286	80,158
Commercial and industrial - PPP | Special Mention
Financing Receivable, Credit Quality Indicator [Line Items]
Loans held for investment, at amortized cost, gross	0	0
Commercial and industrial - PPP | Substandard
Financing Receivable, Credit Quality Indicator [Line Items]
Loans held for investment, at amortized cost, gross	0	0
Commercial and industrial - PPP | Doubtful
Financing Receivable, Credit Quality Indicator [Line Items]
Loans held for investment, at amortized cost, gross	0	0
Consumer and other
Financing Receivable, Credit Quality Indicator [Line Items]
Loans held for investment, at amortized cost, gross	37,595	3,581
Consumer and other | Pass
Financing Receivable, Credit Quality Indicator [Line Items]
Loans held for investment, at amortized cost, gross	37,595	3,581
Consumer and other | Special Mention
Financing Receivable, Credit Quality Indicator [Line Items]
Loans held for investment, at amortized cost, gross	0	0
Consumer and other | Substandard
Financing Receivable, Credit Quality Indicator [Line Items]
Loans held for investment, at amortized cost, gross	0	0
Consumer and other | Doubtful
Financing Receivable, Credit Quality Indicator [Line Items]
Loans held for investment, at amortized cost, gross	$ 0	$ 0

ALLOWANCE FOR LOAN LOSSES - Loa

ALLOWANCE FOR LOAN LOSSES - Loans Classified as Troubled Debt Restructuring (Details) - Real Estate - Commercial - USD ($) $ in Thousands	Sep. 30, 2022	Dec. 31, 2021
Financing Receivable, Troubled Debt Restructuring [Line Items]
Accruing	$ 0	$ 85
Nonaccruing	$ 0	$ 1,116

ALLOWANCE FOR LOAN LOSSES - L_2

ALLOWANCE FOR LOAN LOSSES - Loan Modifications Related to Covid-19 (Details) $ in Thousands	9 Months Ended	12 Months Ended
	Sep. 30, 2022 USD ($) loan	Dec. 31, 2021 USD ($) loan
Financing Receivable, Troubled Debt Restructuring [Line Items]
Number of Loans | loan	15	24
Outstanding Recorded Investment | $	$ 946	$ 1,371
Real Estate - Residential
Financing Receivable, Troubled Debt Restructuring [Line Items]
Number of Loans | loan	1	1
Outstanding Recorded Investment | $	$ 250	$ 258
Commercial and Industrial
Financing Receivable, Troubled Debt Restructuring [Line Items]
Number of Loans | loan	14	23
Outstanding Recorded Investment | $	$ 696	$ 1,113

FAIR VALUE - Assets and Liabili

FAIR VALUE - Assets and Liabilities Measured at Fair Value on a Recurring Basis (Details) - USD ($) $ in Thousands	Sep. 30, 2022	Dec. 31, 2021
Financial assets
SBA loans held for investment, at fair value	$ 24,965	$ 9,614
Discontinued Operations, Held-for-sale | Nationwide Residential Mortgage Loan Production Operations
Financial assets
Residential loans held for sale	71,553	114,131
Fair Value, Recurring
Financial assets
Investment securities available for sale	42,915	30,893
SBA loans held for investment, at fair value	24,965	9,614
Fair Value, Recurring | Discontinued Operations, Held-for-sale | Nationwide Residential Mortgage Loan Production Operations
Financial assets
Residential loans held for sale	71,553	114,131
Fair Value, Recurring | Interest rate lock commitments | Discontinued Operations, Held-for-sale | Nationwide Residential Mortgage Loan Production Operations
Financial assets
Derivative assets	513	1,435
Financial liabilities
Derivative liabilities	457	23
Fair Value, Recurring | Mandatory forward sales contracts | Discontinued Operations, Held-for-sale | Nationwide Residential Mortgage Loan Production Operations
Financial assets
Derivative assets	1,548	88
Financial liabilities
Derivative liabilities	16	166
Fair Value, Recurring | Best efforts forward sales contracts | Discontinued Operations, Held-for-sale | Nationwide Residential Mortgage Loan Production Operations
Financial assets
Derivative assets	19	27
Quoted Prices in Active Markets for Identical Assets (Level 1) | Fair Value, Recurring
Financial assets
Investment securities available for sale	0	0
SBA loans held for investment, at fair value	0	0
Quoted Prices in Active Markets for Identical Assets (Level 1) | Fair Value, Recurring | Discontinued Operations, Held-for-sale | Nationwide Residential Mortgage Loan Production Operations
Financial assets
Residential loans held for sale	15,957	43,837
Quoted Prices in Active Markets for Identical Assets (Level 1) | Fair Value, Recurring | Interest rate lock commitments | Discontinued Operations, Held-for-sale | Nationwide Residential Mortgage Loan Production Operations
Financial assets
Derivative assets	0	0
Financial liabilities
Derivative liabilities	0	0
Quoted Prices in Active Markets for Identical Assets (Level 1) | Fair Value, Recurring | Mandatory forward sales contracts | Discontinued Operations, Held-for-sale | Nationwide Residential Mortgage Loan Production Operations
Financial assets
Derivative assets	1,548	88
Financial liabilities
Derivative liabilities	16	166
Quoted Prices in Active Markets for Identical Assets (Level 1) | Fair Value, Recurring | Best efforts forward sales contracts | Discontinued Operations, Held-for-sale | Nationwide Residential Mortgage Loan Production Operations
Financial assets
Derivative assets	0	0
Significant Other Observable Inputs (Level 2) | Fair Value, Recurring
Financial assets
Investment securities available for sale	42,915	30,893
SBA loans held for investment, at fair value	0	0
Significant Other Observable Inputs (Level 2) | Fair Value, Recurring | Discontinued Operations, Held-for-sale | Nationwide Residential Mortgage Loan Production Operations
Financial assets
Residential loans held for sale	55,596	70,294
Significant Other Observable Inputs (Level 2) | Fair Value, Recurring | Interest rate lock commitments | Discontinued Operations, Held-for-sale | Nationwide Residential Mortgage Loan Production Operations
Financial assets
Derivative assets	0	0
Financial liabilities
Derivative liabilities	0	0
Significant Other Observable Inputs (Level 2) | Fair Value, Recurring | Mandatory forward sales contracts | Discontinued Operations, Held-for-sale | Nationwide Residential Mortgage Loan Production Operations
Financial assets
Derivative assets	0	0
Financial liabilities
Derivative liabilities	0	0
Significant Other Observable Inputs (Level 2) | Fair Value, Recurring | Best efforts forward sales contracts | Discontinued Operations, Held-for-sale | Nationwide Residential Mortgage Loan Production Operations
Financial assets
Derivative assets	0	0
Significant Unobservable Inputs (Level 3) | Fair Value, Recurring
Financial assets
Investment securities available for sale	0	0
SBA loans held for investment, at fair value	24,965	9,614
Significant Unobservable Inputs (Level 3) | Fair Value, Recurring | Discontinued Operations, Held-for-sale | Nationwide Residential Mortgage Loan Production Operations
Financial assets
Residential loans held for sale	0	0
Significant Unobservable Inputs (Level 3) | Fair Value, Recurring | Interest rate lock commitments | Discontinued Operations, Held-for-sale | Nationwide Residential Mortgage Loan Production Operations
Financial assets
Derivative assets	513	1,435
Financial liabilities
Derivative liabilities	457	23
Significant Unobservable Inputs (Level 3) | Fair Value, Recurring | Mandatory forward sales contracts | Discontinued Operations, Held-for-sale | Nationwide Residential Mortgage Loan Production Operations
Financial assets
Derivative assets	0	0
Financial liabilities
Derivative liabilities	0	0
Significant Unobservable Inputs (Level 3) | Fair Value, Recurring | Best efforts forward sales contracts | Discontinued Operations, Held-for-sale | Nationwide Residential Mortgage Loan Production Operations
Financial assets
Derivative assets	$ 19	$ 27

FAIR VALUE - Narrative (Details

FAIR VALUE - Narrative (Details) - USD ($) $ in Thousands	Sep. 30, 2022	Dec. 31, 2021
Fair Value Disclosures [Abstract]
Fair value option, loans held as assets, 90 days or more past due	$ 0	$ 0
Fair value option, loans held as assets, aggregate amount in nonaccrual status	$ 0	$ 0

FAIR VALUE - Loans Accounted fo

FAIR VALUE - Loans Accounted for Under the Fair Value Option (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021	Dec. 31, 2021
Fair Value, Option, Quantitative Disclosures [Line Items]
SBA loans held for investment, at fair value	$ 24,965		$ 24,965		$ 9,614
Change in fair value	999	$ 72	3,510	$ 151
Nationwide Residential Mortgage Loan Production Operations | Discontinued Operations, Held-for-sale
Fair Value, Option, Quantitative Disclosures [Line Items]
Residential loans held for sale	71,553		71,553		114,131
Loans Held For Sale | Nationwide Residential Mortgage Loan Production Operations | Discontinued Operations, Held-for-sale
Fair Value, Option, Quantitative Disclosures [Line Items]
Contractual balance	71,541		71,541		110,335
Gain	12		12		3,796
Interest income from discontinued operations			2,466	2,770
Change in fair value	(1,745)	$ (1,381)	(3,784)	(6,168)
Total loss from discontinued operations			(1,318)	(3,398)
SBA loan servicing rights
Fair Value, Option, Quantitative Disclosures [Line Items]
Contractual balance	24,166		24,166		9,433
Gain	$ 799		799		$ 181
Interest income from discontinued operations			483	462
Change in fair value			3,510	151
Total loss from discontinued operations			$ 3,993	$ 613

FAIR VALUE - SBA Loans Held for

FAIR VALUE - SBA Loans Held for Investment, at Fair Value, Which Were Valued on a Recurring Basis and Used Significant Unobservable Inputs (Details) - Loans Receivable - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Balance of SBA loans held for investment at fair value, beginning of period	$ 9,614	$ 9,264
New SBA originations at fair value	53,697	0
Loans sold	(38,722)	0
Principal payments	(3,108)	(1,003)
Charge-offs	(26)	(8)
Repurchase of guaranteed balances previously participated	0	1,401
Total gains during the period	3,510	151
Balance of SBA loans held for investment at fair value, end of period	$ 24,965	$ 9,805

FAIR VALUE - Valuation Techniqu

FAIR VALUE - Valuation Technique and Unobservable Inputs Used in the Valuation of SBA Loans Held for Investment, at Fair Value (Details) $ in Thousands	Sep. 30, 2022 USD ($)	Dec. 31, 2021 USD ($)
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
SBA loans held for investment, at fair value	$ 24,965	$ 9,614
Fair Value, Recurring
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
SBA loans held for investment, at fair value	24,965	9,614
Significant Unobservable Inputs (Level 3) | Fair Value, Recurring
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
SBA loans held for investment, at fair value	24,965	9,614
Significant Unobservable Inputs (Level 3) | Fair Value, Recurring | Interest rate lock commitments | Nationwide Residential Mortgage Loan Production Operations | Discontinued Operations, Held-for-sale
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Derivatives, net, at fair value	56	1,412
Significant Unobservable Inputs (Level 3) | Fair Value, Recurring | Best efforts forward sales contracts | Nationwide Residential Mortgage Loan Production Operations | Discontinued Operations, Held-for-sale
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Derivatives, net, at fair value	$ 19	$ 27
Significant Unobservable Inputs (Level 3) | Fair Value, Recurring | Minimum | Discount rate
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
SBA loans held for investment, measurement input	0.0539	0.0322
Significant Unobservable Inputs (Level 3) | Fair Value, Recurring | Minimum | Conditional prepayment rate
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
SBA loans held for investment, measurement input	0.0869	0.1056
Significant Unobservable Inputs (Level 3) | Fair Value, Recurring | Minimum | Pull-through expectations | Interest rate lock commitments | Nationwide Residential Mortgage Loan Production Operations | Discontinued Operations, Held-for-sale
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Derivatives, net, measurement input	0.5300	0.2400
Significant Unobservable Inputs (Level 3) | Fair Value, Recurring | Minimum | Pull-through expectations | Best efforts forward sales contracts | Nationwide Residential Mortgage Loan Production Operations | Discontinued Operations, Held-for-sale
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Derivatives, net, measurement input	0.5300	0.2400
Significant Unobservable Inputs (Level 3) | Fair Value, Recurring | Maximum | Discount rate
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
SBA loans held for investment, measurement input	0.0889	0.0672
Significant Unobservable Inputs (Level 3) | Fair Value, Recurring | Maximum | Conditional prepayment rate
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
SBA loans held for investment, measurement input	0.0997	0.1056
Significant Unobservable Inputs (Level 3) | Fair Value, Recurring | Maximum | Pull-through expectations | Interest rate lock commitments | Nationwide Residential Mortgage Loan Production Operations | Discontinued Operations, Held-for-sale
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Derivatives, net, measurement input	1	1
Significant Unobservable Inputs (Level 3) | Fair Value, Recurring | Maximum | Pull-through expectations | Best efforts forward sales contracts | Nationwide Residential Mortgage Loan Production Operations | Discontinued Operations, Held-for-sale
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Derivatives, net, measurement input	0.8000	0.8000
Significant Unobservable Inputs (Level 3) | Fair Value, Recurring | Weighted Average | Discount rate
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
SBA loans held for investment, measurement input	0.0672	0.0422
Significant Unobservable Inputs (Level 3) | Fair Value, Recurring | Weighted Average | Conditional prepayment rate
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
SBA loans held for investment, measurement input	0.0896	0.1056
Significant Unobservable Inputs (Level 3) | Fair Value, Recurring | Weighted Average | Pull-through expectations | Interest rate lock commitments | Nationwide Residential Mortgage Loan Production Operations | Discontinued Operations, Held-for-sale
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Derivatives, net, measurement input	0.8541	0.8440
Significant Unobservable Inputs (Level 3) | Fair Value, Recurring | Weighted Average | Pull-through expectations | Best efforts forward sales contracts | Nationwide Residential Mortgage Loan Production Operations | Discontinued Operations, Held-for-sale
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Derivatives, net, measurement input	0.7331	0.6579

FAIR VALUE - Assets Measured at

FAIR VALUE - Assets Measured at Fair Value on a Nonrecurring Basis (Details) - Fair Value, Nonrecurring - USD ($) $ in Thousands	Sep. 30, 2022	Dec. 31, 2021
Fair Value, Nonrecurring [Line Items]
Impaired loans	$ 1,439	$ 1,614
Discount rate
Fair Value, Nonrecurring [Line Items]
Impaired loans, measurement input	10%	10%

FAIR VALUE - Assets and Liabi_2

FAIR VALUE - Assets and Liabilities Not Carried at Fair Value (Details) - USD ($) $ in Thousands	Sep. 30, 2022	Dec. 31, 2021
Assets:
Investment securities held to maturity	$ 4,995	$ 2
Loans held for investment, at amortized cost	24,965	9,614
Discontinued Operations, Held-for-sale | Nationwide Residential Mortgage Loan Production Operations
Liabilities:
Accrued interest	79	31
1 | Carrying Value | Cash and cash equivalents
Assets:
Cash and cash equivalents	36,496	109,727
1 | Fair Value | Cash and cash equivalents
Assets:
Cash and cash equivalents	36,496	109,727
2 | Carrying Value
Assets:
Investment securities held to maturity	5,008	2
Restricted equity securities, at cost	2,531	2,827
Government guaranteed loans held for sale	573	1,460
Liabilities:
FHLB and FRB borrowings	28,000	0
Subordinated debentures	5,990	5,985
Notes payable	2,958	3,299
PPP Liquidity Facility	0	69,654
Accrued interest payable	236	326
2 | Carrying Value | Time deposits in banks
Assets:
Cash and cash equivalents	4,881	2,381
Liabilities:
Deposits, liabilities	109,960	50,688
2 | Carrying Value | Noninterest-bearing deposits
Liabilities:
Deposits, liabilities	104,215	83,638
2 | Carrying Value | Interest-bearing transaction accounts
Liabilities:
Deposits, liabilities	190,985	163,495
2 | Carrying Value | Savings and money market deposits
Liabilities:
Deposits, liabilities	380,576	423,864
2 | Fair Value
Assets:
Investment securities held to maturity	4,995	2
Restricted equity securities, at cost	2,531	2,827
Government guaranteed loans held for sale	628	1,460
Liabilities:
FHLB and FRB borrowings	28,000	0
Subordinated debentures	5,503	6,175
Notes payable	2,957	3,350
PPP Liquidity Facility	0	69,654
Accrued interest payable	236	326
2 | Fair Value | Time deposits in banks
Assets:
Cash and cash equivalents	4,687	2,437
Liabilities:
Deposits, liabilities	108,644	51,049
2 | Fair Value | Noninterest-bearing deposits
Liabilities:
Deposits, liabilities	104,215	83,638
2 | Fair Value | Interest-bearing transaction accounts
Liabilities:
Deposits, liabilities	190,985	163,495
2 | Fair Value | Savings and money market deposits
Liabilities:
Deposits, liabilities	380,576	423,864
3 | Carrying Value
Assets:
Loans held for investment, at amortized cost	646,101	560,882
Accrued interest receivable	3,868	3,564
3 | Carrying Value | SBA loan servicing rights
Assets:
Loan servicing rights	9,932	6,407
3 | Carrying Value | Mortgage loan servicing rights | Discontinued Operations, Held-for-sale | Nationwide Residential Mortgage Loan Production Operations
Assets:
Loan servicing rights	125	212
3 | Fair Value
Assets:
Loans held for investment, at amortized cost	652,015	569,394
Accrued interest receivable	3,868	3,564
3 | Fair Value | SBA loan servicing rights
Assets:
Loan servicing rights	11,226	8,050
3 | Fair Value | Mortgage loan servicing rights | Discontinued Operations, Held-for-sale | Nationwide Residential Mortgage Loan Production Operations
Assets:
Loan servicing rights	$ 125	$ 212

SBA LOAN SERVICING ACTIVITIES -

SBA LOAN SERVICING ACTIVITIES - Narrative (Details) - USD ($) $ in Thousands	9 Months Ended	12 Months Ended
	Sep. 30, 2022	Dec. 31, 2021
Servicing Asset at Amortized Cost [Line Items]
Principal balance of SBA loans, excluding PPP loans	$ 286,798	$ 300,415
Principal balance of SBA loans, excluding PPP loans, guaranteed portion	138,261	171,548
Unpaid principal balances of SBA loans serviced for others	$ 616,419	$ 459,670
Servicing assets, weighted average discount rate (in percentage)	15.38%	12.13%
Servicing assets, weighted average prepayment speed (in percentage)	9.96%	10.37%
SBA loan servicing rights | Significant Unobservable Inputs (Level 3) | Fair Value
Servicing Asset at Amortized Cost [Line Items]
Servicing asset rights at fair value	$ 11,226	$ 8,050

SBA LOAN SERVICING ACTIVITIES_2

SBA LOAN SERVICING ACTIVITIES - Activity for SBA Loan Servicing Rights (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Servicing Asset at Amortized Cost, Balance [Roll Forward]
Beginning of period			$ 6,407
End of period	$ 9,932		9,932
SBA loan servicing rights
Servicing Asset at Amortized Cost, Balance [Roll Forward]
Beginning of period	7,760	$ 6,614	6,407	$ 8,160
Additions	2,918	100	5,741	100
Amortization	(746)	(781)	(2,216)	(2,327)
End of period	$ 9,932	$ 5,933	$ 9,932	$ 5,933

SBA LOAN SERVICING ACTIVITIES_3

SBA LOAN SERVICING ACTIVITIES - Net Gain on Sale of SBA Loans (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Servicing Asset at Amortized Cost [Line Items]
Gain on sale of SBA loans, net	$ 7,446	$ (338)	$ 15,915	$ 13,460
SBA loan servicing rights
Servicing Asset at Amortized Cost [Line Items]
Gain on sale of guaranteed SBA loans	4,685	0	10,723	0
Loss on sale of unguaranteed SBA loans	(63)	(406)	(411)	(406)
Costs recognized on sale of SBA loans	(94)	(51)	(138)	(51)
Fair value of servicing rights created	2,918	100	5,741	100
Gain on sale of SBA loans, net	$ 7,446	$ (357)	$ 15,915	$ (357)

PREMISES AND EQUIPMENT (Details

PREMISES AND EQUIPMENT (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021	Dec. 31, 2021
Property, Plant and Equipment [Line Items]
Total premises and equipment	$ 38,603		$ 38,603		$ 35,498
Accumulated depreciation and amortization	(5,824)		(5,824)		(5,827)
Net premises and equipment	32,779		32,779		29,671
Depreciation and amortization	509	$ 433	1,505	$ 1,286
Land and improvements
Property, Plant and Equipment [Line Items]
Total premises and equipment	4,488		4,488		4,194
Building and improvements
Property, Plant and Equipment [Line Items]
Total premises and equipment	13,057		13,057		9,590
Leasehold improvements
Property, Plant and Equipment [Line Items]
Total premises and equipment	2,763		2,763		2,433
Furniture, fixtures, and equipment
Property, Plant and Equipment [Line Items]
Total premises and equipment	6,431		6,431		7,034
Fixed assets in process
Property, Plant and Equipment [Line Items]
Total premises and equipment	$ 11,864		$ 11,864		$ 12,247

LEASES - Total Lease Cost and S

LEASES - Total Lease Cost and Supplemental Information (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Leases [Abstract]
Operating lease cost	$ 387	$ 355	$ 1,159	$ 1,077
Short-term lease cost	190	173	463	547
Total lease cost, net	577	528	1,622	1,624
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Lease cost	577	528	1,622	1,624
Operating cash flows related to operating leases	388	357	1,156	1,066
Right-of-use assets obtained in exchange for new operating lease liabilities	627	0	627	136
Supplemental information related to operating leases	1,015	357	1,783	1,202
Discontinued Operations, Held-for-sale | Nationwide Residential Mortgage Loan Production Operations
Leases [Abstract]
Total lease cost, net	232	847	353	1,097
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Lease cost	$ 232	$ 847	$ 353	$ 1,097

LEASES - Narrative (Details)

LEASES - Narrative (Details) - USD ($) $ in Thousands	3 Months Ended	9 Months Ended
	Sep. 30, 2022	Sep. 30, 2022	Dec. 31, 2021
Lessee, Lease, Description [Line Items]
Weighted average discount rate	2.21%	2.21%
Weighted average remaining life	3 years 11 months 19 days	3 years 11 months 19 days
Right-of-use operating lease assets	$ 2,985	$ 2,985	$ 3,263
Discontinued Operations, Held-for-sale | Nationwide Residential Mortgage Loan Production Operations
Lessee, Lease, Description [Line Items]
Right-of-use operating lease assets	612	612
Recognition of impairment	$ 610	$ 845

LEASES - Maturity (Details)

LEASES - Maturity (Details) $ in Thousands	Sep. 30, 2022 USD ($)
Leases [Abstract]
2022	$ 331
2023	1,366
2024	1,153
2025	945
2026	748
Thereafter	371
Total undiscounted lease payments	4,914
Less: imputed interest	(237)
Net lease liabilities	$ 4,677

OTHER BORROWINGS (Details)

OTHER BORROWINGS (Details) - USD ($)		1 Months Ended
	Sep. 30, 2022	Jun. 30, 2021	Mar. 31, 2020	Dec. 31, 2021	Apr. 30, 2020	Dec. 31, 2018
Debt Instrument [Line Items]
Blanket lien	$ 223,630,000
Additional FHLB borrowings	144,470,000
Debt instrument, fixed interest rate					0.35%
Subordinated debentures	5,990,000			$ 5,985,000
Notes payable	2,958,000			3,299,000
PPP Liquidity Facility	0			69,654,000
Federal Reserve Bank Advances
Debt Instrument [Line Items]
Short term borrowings	$ 28,000,000			0
Debt instrument, fixed interest rate	3.25%
Federal Home Loan Bank Advances
Debt Instrument [Line Items]
Short term borrowings	$ 0			$ 0
Subordinated Debt | June 2021 Subordinated Debentures
Debt Instrument [Line Items]
Debt instrument, face amount		$ 6,000,000
Debt instrument, redemption period		5 years
Debt instrument, fixed interest rate		4.50%
Debt instrument, initial term		5 years
Subordinated Debt | June 2021 Subordinated Debentures | Secured Overnight Financing Rate (SOFR)
Debt Instrument [Line Items]
Debt Instrument, final term		5 years
Debt instrument, floating rate		3.78%
Subordinated Debt | December 2018 Subordinated Debentures
Debt Instrument [Line Items]
Debt instrument, face amount						$ 6,000,000
Debt instrument, fixed interest rate						6.875%
Notes Payable, Other Payables | Amortizing Note Payable
Debt Instrument [Line Items]
Debt instrument, collateral, percentage of Bank's stock			100%
Notes Payable, Other Payables | Amortizing Note Payable | Prime Rate
Debt Instrument [Line Items]
Debt instrument, floating rate	6.25%
Secured Debt | Federal Reserve Bank Advances
Debt Instrument [Line Items]
Line of credit, capacity	$ 4,665,000
Secured Debt | SBA Loan | Federal Reserve Bank Advances
Debt Instrument [Line Items]
Line of credit, capacity	$ 47,630,000

STOCK-BASED COMPENSATION - Narr

STOCK-BASED COMPENSATION - Narrative (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Granted (in shares)	0		0
Weighted average fair value of options granted (in dollars per share)				$ 3.70
Unrecognized compensation cost related to nonvested stock options granted	$ 299		$ 299
Equity Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Compensation cost charged against income	186	$ 130	609	$ 359
Restricted Stock
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Unrecognized compensation expense	$ 324		$ 324
Expected period for recognition			3 years 1 month 6 days
Fair value of shares vested			$ 177	$ 85
Stock Options
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Expected period for recognition			2 years 14 days
Maximum percentage of stock granted			15%
Maximum number of shares issued and outstanding (in shares)			1,500,000
Common stock trading period			30 days
Contractual term			10 years
Stock Options | Share-based Payment Arrangement, Employee
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Award vesting period			5 years
Stock Options | Share-based Payment Arrangement, Nonemployee
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Award vesting period			3 years

STOCK-BASED COMPENSATION - Nonv

STOCK-BASED COMPENSATION - Nonvested Restricted Shares (Details) - Restricted Stock	9 Months Ended
	Sep. 30, 2022 $ / shares shares
Shares
Nonvested beginning balance (in shares) | shares	2,483
Granted (in shares) | shares	34,925
Vested (in shares) | shares	(8,108)
Forfeited (in shares) | shares	(3,650)
Nonvested ending balance (in shares) | shares	25,650
Weighted-Average Grant-Date Fair Value, per share
Nonvested beginning balance (in dollars per share) | $ / shares	$ 14.86
Granted (in dollars per share) | $ / shares	21.50
Vested (in dollars per share) | $ / shares	19.43
Forfeited (in dollars per share) | $ / shares	21.45
Nonvested ending balance (in dollars per share) | $ / shares	$ 21.52

STOCK-BASED COMPENSATION - Acti

STOCK-BASED COMPENSATION - Activity in the Equity Plan (Details) - USD ($) $ / shares in Units, $ in Thousands	9 Months Ended
	Sep. 30, 2022
Shares
Outstanding beginning balance (in shares)	450,278
Exercised (in shares)	(4,375)
Forfeited (in shares)	(24,105)
Outstanding ending balance (in shares)	421,798
Vested at ending balance (in shares)	297,745
Exercisable at ending balance (in shares)	297,745
Weighted Average Exercise Price
Outstanding beginning balance (in dollars per share)	$ 15.64
Exercised (in dollars per share)	15.08
Forfeited (in dollars per share)	15.14
Outstanding ending balance (in dollars per share)	15.67
Vested at ending balance (in dollars per share)	15.91
Exercisable at ending balance (in dollars per share)	$ 15.91
Weighted Average Remaining Contractual Term and Aggregate Intrinsic Value
Weighted Average Remaining Contractual Term, Outstanding	6 years 9 months 29 days
Weighted Average Remaining Contractual Term, Vested	6 years 5 months 19 days
Weighted Average Remaining Contractual Term, Exercisable	6 years 5 months 19 days
Aggregate Intrinsic Value, Outstanding	$ 2,522
Aggregate Intrinsic Value, Vested	1,709
Aggregate Intrinsic Value, Exercisable	$ 1,709

OTHER BENEFIT PLANS - Narrative

OTHER BENEFIT PLANS - Narrative (Details) - USD ($) $ / shares in Units, $ in Thousands	9 Months Ended		12 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Dec. 31, 2021
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock purchased in DRIP (in shares)	9,776	17,971	17,971
Issue of common stock under dividend reinvestment plan, price per share (in dollars per share)	$ 17.07	$ 21.68	$ 21.68
Salary continuation agreement, annual benefit	$ 25
Salary continuation agreement, annual benefit, duration	20 years
Salary continuation agreement, liability	$ 369		$ 312
Salary continuation agreement, period expense	$ 57	$ 53
Employer contribution over employees' gross pay (in percentage)	3%
Expense recognized in relation of plan, amount	$ 1,333	1,932
Percent of participants laid off	20%
Percent of employer contributions vested for laid off employees	100%
ESOP, percent of eligible employee salary approved for contribution			1%
Stock based compensation expense	$ 0	938
ESOP, participants laid off percentage	20%
ESOP, vesting percentage in contribution of employees laid off	100%
Employee Stock
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Expense recognized in relation to the Non-Qualified Stock Purchase Plan	$ 78	$ 56

INCOME TAXES - Effective Tax Ra

INCOME TAXES - Effective Tax Rate Reconciliation (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Income Tax Disclosure [Abstract]
Federal tax based on federal corporate statutory rate	$ 854	$ (353)	$ 893	$ 2,340
State tax, net of federal effect	187	(18)	132	734
Changes resulting from:
Other, net	(58)	9	(137)	(106)
Income tax expense (benefit) from continuing operations	983	(362)	888	2,968
Income tax (benefit) expense from discontinued operations	(1,488)	861	(1,670)	4,520
Total income tax expense (benefit)	$ (505)	$ 499	$ (782)	$ 7,488

REGULATORY MATTERS - Compliance

REGULATORY MATTERS - Compliance with Regulatory Capital Requirements under Banking Regulations (Details) $ in Thousands	Sep. 30, 2022 USD ($)	Dec. 31, 2021 USD ($)
Total Capital
Total Capital, Actual	$ 106,855	$ 106,002
Total Capital, Actual, Ratio	0.1502	0.2125
Total Capital, Required for Capital Adequacy Purposes	$ 56,896	$ 39,909
Total Capital, Required for Capital Adequacy Purposes, Ratio	0.0800	0.0800
Total Capital, To be Well Capitalized Under Prompt Corrective Action Regulations	$ 71,119	$ 49,886
Total Capital, To be Well Capitalized Under Prompt Corrective Action Regulations, Ratio	0.1000	0.1000
Tier 1 Capital
Tier One Risk-Based Capital, Actual	$ 97,940	$ 99,656
Tier One Risk-Based Capital, Actual, Ratio	0.1377	0.1998
Tier One Risk-Based Capital, Required for Capital Adequacy Purposes	$ 42,672	$ 29,932
Tier One Risk-Based Capital, Required for Capital Adequacy Purposes, Ratio	0.0600	0.0600
Tier One Risk-Based Capital, To be Well Capitalized Under Prompt Corrective Action Regulations	$ 56,896	$ 39,909
Tier One Risk-Based Capital, To be Well Capitalized Under Prompt Corrective Action Regulations, Ratio	0.0800	0.0800
Common Equity Tier 1 Capital
Common Equity Tier One Risk-Based Capital, Actual	$ 97,940	$ 99,656
Common Equity Tier One Risk-Based Capital, Actual, Ratio	0.1377	0.1998
Common Equity Tier One Risk-Based Capital, Required for Capital Adequacy Purposes	$ 32,004	$ 22,449
Common Equity Tier One Risk-Based Capital, Required for Capital Adequacy Purposes, Ratio	0.0450	0.0450
Common Equity Tier One Risk-Based Capital, To be Well Capitalized Under Prompt Corrective Action Regulations	$ 46,228	$ 32,426
Common Equity Tier One Risk-Based Capital To be Well Capitalized Under Prompt Corrective Action Regulations, Ratio	0.0650	0.0650
Tier 1 Capital
Tier One Leverage Capital, Actual	$ 97,940	$ 99,656
Tier One Leverage Capital, Actual, Ratio	0.1048	0.1222
Tier One Leverage Capital, Required for Capital Adequacy Purposes	$ 37,392	$ 32,619
Tier One Leverage Capital, Required for Capital Adequacy Purposes, Ratio	0.0400	0.0400
Tier One Leverage Capital, To be Well Capitalized Under Prompt Corrective Action Regulations	$ 46,740	$ 40,774
Tier One Leverage Capital, To be Well Capitalized Under Prompt Corrective Action Regulations, Ratio	0.0500	0.0500

DISCONTINUED OPERATIONS - MOR_3

DISCONTINUED OPERATIONS - MORTGAGE BANKING ACTIVITIES - Components of Residential Loan Fee Income (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Compliance with Regulatory Capital Requirements for Mortgage Companies [Line Items]
Net change in fair value recognized on residential loans held for sale	$ 999	$ 72	$ 3,510	$ 151
Nationwide Residential Mortgage Loan Production Operations | Discontinued Operations, Held-for-sale
Compliance with Regulatory Capital Requirements for Mortgage Companies [Line Items]
Net gain realized on sale of residential loans held for sale	5,988	22,999	19,295	74,842
Mortgage banking fees	1,022	2,248	3,851	7,777
Residential loan fee income from discontinued operations	7,111	21,561	30,514	76,942
Interest rate lock commitments | Nationwide Residential Mortgage Loan Production Operations | Discontinued Operations, Held-for-sale
Compliance with Regulatory Capital Requirements for Mortgage Companies [Line Items]
Net change in fair value recognized	(1,094)	(1,288)	(1,362)	(6,356)
Forward sales contracts | Nationwide Residential Mortgage Loan Production Operations | Discontinued Operations, Held-for-sale
Compliance with Regulatory Capital Requirements for Mortgage Companies [Line Items]
Net change in fair value recognized	2,940	(1,017)	12,514	6,847
Loans Held For Sale | Nationwide Residential Mortgage Loan Production Operations | Discontinued Operations, Held-for-sale
Compliance with Regulatory Capital Requirements for Mortgage Companies [Line Items]
Net change in fair value recognized on residential loans held for sale	$ (1,745)	$ (1,381)	$ (3,784)	$ (6,168)

DISCONTINUED OPERATIONS - MOR_4

DISCONTINUED OPERATIONS - MORTGAGE BANKING ACTIVITIES - Narrative (Details) - Discontinued Operations, Held-for-sale - Nationwide Residential Mortgage Loan Production Operations - USD ($) $ in Thousands	Sep. 30, 2022	Dec. 31, 2021
Compliance with Regulatory Capital Requirements for Mortgage Companies [Line Items]
Derivative asset, fair value	$ 2,080	$ 1,550
Derivative liability, fair value	473	189
Interest rate lock commitments
Compliance with Regulatory Capital Requirements for Mortgage Companies [Line Items]
Derivative, notional amount	62,503	108,122
Mandatory forward sales contracts
Compliance with Regulatory Capital Requirements for Mortgage Companies [Line Items]
Derivative, notional amount	57,000	142,500
Best efforts forward sales contracts
Compliance with Regulatory Capital Requirements for Mortgage Companies [Line Items]
Derivative, notional amount	$ 9,504	$ 7,375

DISCONTINUED OPERATIONS - MOR_5

DISCONTINUED OPERATIONS - MORTGAGE BANKING ACTIVITIES - Net Gains (Losses) Relating to Free-standing Derivative Instruments Used for Risk Management (Details) - Discontinued Operations, Held-for-sale - Nationwide Residential Mortgage Loan Production Operations - USD ($) $ in Thousands	9 Months Ended	12 Months Ended
	Sep. 30, 2022	Dec. 31, 2021
Mandatory forward sales contracts
Derivative [Line Items]
Derivative, gain (loss)	$ 1,532	$ (78)
Best efforts forward sales contracts
Derivative [Line Items]
Derivative, gain (loss)	19	27
Interest rate lock commitments
Derivative [Line Items]
Derivative, gain (loss)	$ 56	$ 1,412

DISCONTINUED OPERATIONS - MOR_6

DISCONTINUED OPERATIONS - MORTGAGE BANKING ACTIVITIES - Notional Amount and Fair Value of Mortgage Banking Derivatives (Details) - Discontinued Operations, Held-for-sale - Nationwide Residential Mortgage Loan Production Operations - USD ($) $ in Thousands	Sep. 30, 2022	Dec. 31, 2021
Derivative [Line Items]
Derivative asset, fair value	$ 2,080	$ 1,550
Derivative liability, fair value	473	189
Other assets | Interest rate lock commitments
Derivative [Line Items]
Derivative asset, notional amount	38,968	103,572
Derivative asset, fair value	513	1,435
Other assets | Mandatory forward sales contracts
Derivative [Line Items]
Derivative asset, notional amount	55,000	60,000
Derivative asset, fair value	1,548	88
Other assets | Best efforts forward sales contracts
Derivative [Line Items]
Derivative asset, notional amount	9,504	7,375
Derivative asset, fair value	19	27
Other liabilities | Interest rate lock commitments
Derivative [Line Items]
Derivative liability, notional amount	23,535	4,550
Derivative liability, fair value	457	23
Other liabilities | Mandatory forward sales contracts
Derivative [Line Items]
Derivative liability, notional amount	2,000	82,500
Derivative liability, fair value	$ 16	$ 166

LOAN COMMITMENTS AND OTHER RE_3

LOAN COMMITMENTS AND OTHER RELATED ACTIVITIES - Financial Instruments With Off-Balance Sheet Risk (Details) - USD ($) $ in Thousands	Sep. 30, 2022	Dec. 31, 2021
Unfunded loan commitments
Other Commitments [Line Items]
Financial commitments, contractual amount	$ 28,340	$ 18,567
Unused lines of credit
Other Commitments [Line Items]
Financial commitments, contractual amount	107,338	52,076
Standby letters of credit
Other Commitments [Line Items]
Financial commitments, contractual amount	$ 68	$ 68

LOAN COMMITMENTS AND OTHER RE_4

LOAN COMMITMENTS AND OTHER RELATED ACTIVITIES - Narrative (Details)	9 Months Ended
	Sep. 30, 2022
Unfunded loan commitments
Other Commitments [Line Items]
Unfunded loan commitment period	90 days

EARNINGS PER COMMON SHARE - Bas

EARNINGS PER COMMON SHARE - Basic and Diluted Earnings Per Share (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Basic:
Income (loss) from continuing operations	$ 3,083	$ (1,318)	$ 3,365	$ 8,173
(Loss) income for discontinued operations	(4,485)	2,598	(5,036)	13,634
Net income (loss)	(1,402)	1,280	(1,671)	21,807
Less: Preferred stock dividends	208	230	624	797
Net income available to (loss attributable to) common shareholders, basic	$ (1,610)	$ 1,050	$ (2,295)	$ 21,010
Weighted average common shares outstanding (in shares)	4,028,212	3,913,523	4,015,476	3,749,692
Continuing operations (in dollars per share)	$ 0.71	$ (0.40)	$ 0.68	$ 1.97
Discontinued operations (in dollars per share)	(1.11)	0.66	(1.25)	3.63
Total basic earnings (loss) per common share (in dollars per share)	$ (0.40)	$ 0.26	$ (0.57)	$ 5.60
Diluted:
Income (loss) from continuing operations	$ 3,083	$ (1,318)	$ 3,365	$ 8,173
(Loss) income for discontinued operations	(4,485)	2,598	(5,036)	13,634
Net income (loss)	(1,402)	1,280	(1,671)	21,807
Less: Preferred stock dividends	208	230	624	797
Add: Series B preferred stock dividends	64	0	193	365
Net income available to (loss attributable to) common shareholders, diluted	$ (1,546)	$ 1,050	$ (2,102)	$ 21,375
Weighted average common shares outstanding for basic earnings per common share (in shares)	4,028,212	3,913,523	4,015,476	3,749,692
Add: Dilutive effects of conversion of Series B preferred stock to common stock (in shares)	270,743	0	270,743	321,318
Add: Dilutive effects of assumed exercises of stock options and warrants (in shares)	42,163	0	62,961	98,256
Average shares and dilutive potential common shares (in shares)	4,341,118	3,913,523	4,349,180	4,169,266
Continuing operations (in dollars per share)	$ 0.68	$ (0.40)	$ 0.67	$ 1.86
Discontinued operations (in dollars per share)	(1.03)	0.66	(1.15)	3.27
Total diluted earnings (loss) per common share (in dollars per share)	$ (0.35)	$ 0.26	$ (0.48)	$ 5.13

EARNINGS PER COMMON SHARE - Nar

EARNINGS PER COMMON SHARE - Narrative (Details) - shares	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Earnings Per Share [Abstract]
Antidilutive shares excluded from computation of diluted EPS (in shares)	0	492,816	0	0