BayCom (BCML) 10-Q 18 Jun 18 2018 Q1 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	3 Months Ended
	Mar. 31, 2018	Jun. 11, 2018
Details
Registrant Name	BayCom Corp
Registrant CIK	1,730,984
SEC Form	10-Q
Period End date	Mar. 31, 2018
Fiscal Year End	--12-31
Trading Symbol	BCML
Tax Identification Number (TIN)	371,849,111
Number of common stock shares outstanding		10,869,275
Filer Category	Non-accelerated Filer
Current with reporting	Yes
Voluntary filer	No
Well-known Seasoned Issuer	No
Amendment Flag	false
Document Fiscal Year Focus	2,018
Document Fiscal Period Focus	Q1
Entity Incorporation, State Country Name	California
Entity Address, Address Line One	500 Ygnacio Valley Road
Entity Address, City or Town	Walnut Creek
Entity Address, State or Province	California
Entity Address, Postal Zip Code	94,596
City Area Code	925
Local Phone Number	476-1800

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	Mar. 31, 2018	Dec. 31, 2017
ASSETS
Cash and due from banks	$ 13,837	$ 14,754
Federal funds sold	241,714	235,099
Cash and cash equivalents	255,551	249,853
Interest bearing deposits in financial institutions	1,245	1,743
Investment securities available for sale	36,789	40,505
Federal Home Loan Bank stock, at par	4,772	4,772
Federal Reserve Bank stock, at par	3,353	2,987
Loans held for sale	250	3,245
Loans	891,011	891,548
Deferred fees, net	(432)	(469)
Allowance for loan losses	(4,600)	(4,215)
Loans, net	885,979	886,864
Premises and equipment, net	8,279	8,399
Core deposit intangible	4,483	4,772
Cash surrender value of Bank owned life insurance policies, net	17,211	17,132
Goodwill	10,365	10,365
Interest recievable and other assets	13,556	15,157
Total Assets	1,241,833	1,245,794
LIABILITIES AND SHAREHOLDERS' EQUITY
Non-interest bearing deposits	320,104	327,309
Interest bearing deposits	778,669	776,996
Total deposits	1,098,773	1,104,305
Other borrowings	6,000	6,000
Salary continuation plan	4,107	4,046
Interest payable and other liabilities	4,983	7,421
Junior subordinated deferrable interest debentures, net	5,402	5,387
Deposits
Total liabilities	1,119,265	1,127,159
Stockholders' equity
Preferred stock - no par value; 10,000,000 shares authorized; no shares issued and outstamding	0	0
Common stock, - no par value; authorized 100,000,000 shares authorized in 2018 and 2017; 7,512,227 and 7,496,995 shares issued and outstanding at March 31, 2018 and December 31, 2017, respectively	81,453	81,307
Additional paid in capital	287	287
Accumulated other comprehensive (loss) income, net of tax	(69)	213
Retained earnings	40,897	36,828
Total shareholders' equity	122,568	118,635
Total Liabilities and Shareholders' Equity	$ 1,241,833	$ 1,245,794

Condensed Consolidated Balance3

Condensed Consolidated Balance Sheets - Parenthetical - $ / shares	Mar. 31, 2018	Dec. 31, 2017
Details
Preferred Stock, No Par Value	$ 0	$ 0
Preferred Stock, Shares Authorized	10,000,000	10,000,000
Preferred Stock, Shares Issued	0	0
Preferred Stock, Shares Outstanding	0	0
Common Stock, No Par Value	$ 0	$ 0
Common Stock, Shares Authorized	100,000,000	100,000,000
Common Stock, Shares, Issued	7,512,227	7,496,995
Common Stock, Shares, Outstanding	7,512,227	7,496,995

Condensed Consolidated Statemen

Condensed Consolidated Statements of Income - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2018	Mar. 31, 2017
Interest and dividend income:
Loans, including fees	$ 12,280	$ 7,006
Investment securities and interest-bearing deposits in banks	1,110	288
FHLB dividends	93	86
Interest Income Federal Reserve Bank Dividends	69	22
Total interest and dividend income	13,552	7,402
Interest expense:
Deposits	979	918
Other borrowings	159	0
Total interest expense	1,138	918
Net interest income	12,414	6,484
Provision for loan losses	254	143
Net interest income after provision for loan losses	12,160	6,341
Noninterest income:
Gain on sale of loans	651	400
Service charges and other fees	446	143
Loan servicing fees and other income	245	57
Other income	384	136
Total noninterest income	1,726	736
Noninterest expense:
Salaries and employee benefits	4,914	3,082
Occupancy and equipment	975	569
Data processing	708	360
Other	1,526	628
Total noninterest expense	8,123	4,639
Income before provision for income taxes	5,763	2,438
Provision for income taxes	1,694	1,022
Net income	$ 4,069	$ 1,416
Earnings per common share:
Basic: Earnings per common share	$ 0.54	$ 0.26
Weighted average shares outstanding	7,512,227	5,397,930
Diluted: Earnings per common share	$ 0.54	$ 0.26
Weighted average shares outstanding	7,512,227	5,411,554

Condensed Consolidated Stateme5

Condensed Consolidated Statements of Comprehensive Income - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2018	Mar. 31, 2017
Details
Net income	$ 4,069	$ 1,416
Other comprehensive (loss) income:
net of tax of $78 in 2018 and $3 in 2017	(282)	9
Total comprehensive income	$ 3,787	$ 1,425

Condensed Consolidated Stateme6

Condensed Consolidated Statements of Comprehensive Income - Parenthetical - USD ($) $ in Thousands	Mar. 31, 2018	Dec. 31, 2017
Details
Other Comprehensive Income (Loss), Securities, Available-for-Sale, Unrealized Holding Gain (Loss) Arising During Period, Tax	$ 78	$ 3

Condensed Consolidated Stateme7

Condensed Consolidated Statement of Shareholders' Equity - USD ($) $ in Thousands	Total	Stockholders' Equity, Total	Number of Common Stock Shares	Common Stock	Additional Paid-in Capital	Retained Earnings	AOCI Attributable to Parent
Stockholders' Equity Attributable to Parent, Beginning Balance at Dec. 31, 2016		$ 78,063		$ 46,084	$ 287	$ 31,604	$ 88
Shares, Outstanding, Beginning Balance at Dec. 31, 2016			5,472,426
Net income	$ 1,416	1,416				1,416	0
Other Comprehensive Income (Loss), Net of Tax		9					9
Stock Issued During Period, Shares, Restricted Stock Award, Gross			16,865
Stock based compensation		92		92
Stockholders' Equity Attributable to Parent, Ending Balance at Mar. 31, 2017		79,580		46,176	287	33,020	97
Shares, Outstanding, Ending Balance at Mar. 31, 2017			5,489,291
Other Comprehensive Income (Loss), Net of Tax		9					9
Net income		3,844				3,844
Other Comprehensive Income (Loss), Net of Tax		80					80
Stock Issued During Period, Shares, Restricted Stock Award, Gross			11,635
Stock based compensation		331		331
Stockholders' Equity Attributable to Parent, Ending Balance at Dec. 31, 2017	$ 118,635	118,635		81,307	287	36,828	213
Shares, Outstanding, Ending Balance at Dec. 31, 2017			7,496,995
Reclassification of stranded tax effects from change in tax rate		0				(36)	36
Common Stock, Shares, issued		34,824		34,824
Repurchase of shares		(24)		(24)
Repurchase of shares			(1,891)
Other Comprehensive Income (Loss), Net of Tax		80					80
Common Stock, Shares, issued	7,496,995		1,997,960
Net income	$ 4,069	4,069				4,069
Other Comprehensive Income (Loss), Net of Tax		(282)					(282)
Stock Issued During Period, Shares, Restricted Stock Award, Gross			15,232
Stock based compensation		146		146
Stockholders' Equity Attributable to Parent, Ending Balance at Mar. 31, 2018	$ 122,568	122,568		$ 81,453	$ 287	$ 40,897	(69)
Shares, Outstanding, Ending Balance at Mar. 31, 2018			7,512,227
Other Comprehensive Income (Loss), Net of Tax		$ (282)					$ (282)
Common Stock, Shares, issued	7,512,227

Condensed Consolidated Stateme8

Condensed Consolidated Statements of Cash Flows - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2018	Mar. 31, 2017
Cash flow from operating activities:
Net income	$ 4,069	$ 1,416
Adjustments to reconcile net earnings to net cash provided (used in)
Decrease in deferred tax asset	772	1,028
Mark-to-market accretion on acquired loans	(1,041)	(595)
Gain on sale of loans	(651)	(400)
Proceeds from sale of loans	8,754	2,671
Loans originated for sale	(6,378)	(15,558)
Mark-to-market accretion Trust Preferred	15	0
Change in cash surrender value of life insurance policies	(79)	(50)
Provision for loan losses	254	143
Amortization/accretion of premium discount on investment securities	120	39
Depreciation and amortization	231	125
Core deposit intangible amortization	289	83
Stock-based compensation expense	146	91
(Decrease) increase in deferred loan origination fees, net	(37)	126
Decrease (increase) in accrued interest receivable and other assets	948	(558)
Increase in salary continuation liability	60	21
(Decrease) increase in accrued expenses and other liabilities	(2,438)	1,093
Net cash provided by (used in) operating activities	5,034	(10,325)
Cash flows from investing activities:
Proceeds from interest bearing deposits in financial institutions	498	0
Proceeds from the maturity and repayment of securities	3,195	1,710
Purchase of Federal Reserve Bank Stock	(366)	(14)
Net decrease (increase) in loans	2,980	(13,689)
Purchases of bank premises, equipment, leasehold improvements	(111)	(28)
Net cash provided by (used in) investing activities	6,196	(12,021)
Cash flows from financing activities
Net increase in demand, interest bearing and savings deposits	3,700	16,079
Net (decrease) increase in time deposits	(9,232)	3,115
Net cash (used in) provided by financing activities	(5,532)	19,194
Increase (decrease) in cash and cash equivalents	5,698	(3,152)
Cash and cash equivalents at beginning of period	249,853	128,684
Cash and cash equivalents at end of period	255,551	125,532
Additional cash flow information:
Interest paid	989	921
Income taxes paid	0	0
Non-cash investing and financing activities:
Change in unrealized (loss) gain in available for-sale securities, net of tax	$ (282)	$ 9

NOTE 1 - BASIS OF PRESENTATION

NOTE 1 - BASIS OF PRESENTATION	3 Months Ended
	Mar. 31, 2018
Notes
NOTE 1 - BASIS OF PRESENTATION	NOTE 1 – BASIS OF PRESENTATION BayCom Corp (the “Company”) is a bank holding company headquartered in Walnut Creek, California. United Business Bank (the “Bank”), the wholly owned banking subsidiary, is a California state-chartered bank which provides a broad range of financial services primarily to local small and mid-sized businesses, service professionals and individuals. In the 14 years of operation, the Bank has grown to 17 full service banking branches. The main office is located in Walnut Creek, California and our branch offices are located in Oakland, Castro Valley, Mountain View, Napa, Stockton (2), Pleasanton, Livermore, San Jose, Long Beach, Sacramento, San Francisco and Glendale, California, and Seattle, Washington (2) and Albuquerque, New Mexico. In addition, the Bank has one loan production office in Los Angeles, California. The condensed consolidated financial statements include the accounts of the Company and the Bank. All intercompany transactions and balances have been eliminated in consolidation. The condensed consolidated financial statements include all adjustments of a normal and recurring nature, which are, in the opinion of management, necessary for a fair presentation of the financial position and results of operations for the periods presented. The accompanying unaudited condensed consolidated financial statements have been prepared in accordance with the instructions to Form 10-Q and, therefore, do not include all information and footnotes normally included in annual financial statements prepared in conformity with accounting principles generally accepted in the United States of America. Accordingly, these condensed consolidated financial statements should be read in conjunction with the condensed consolidated audited financial statements and notes thereto for the year ended December 31, 2017. Results of operations for interim periods are not necessarily indicative of results for the full year. Certain prior year information has been reclassified to conform to current year presentation. The reclassifications had no impact on consolidated net earnings or shareholders’ equity. Revenue Recognition In accordance with Topic 606, revenues are recognized when control of promised goods or services is transferred to customers in an amount that reflects the consideration the Company expects to be entitled to in exchange for those goods or services. To determine revenue recognition for arrangements that an entity determines are within the scope of Topic 606, the Company performs the following five steps: (i) identify the contract(s) with a customer; (ii) identify the performance obligations in the contract; (iii) determine the transaction price; (iv) allocate the transaction price to the performance obligations in the contract; and (v) recognize revenue when (or as) the Company satisfies a performance obligation. The Company only applies the five-step model to contracts when it is probable that the entity will collect the consideration it is entitled to in exchange for the goods or services it transfers to the customer. At contract inception, once the contract is determined to be within the scope of Topic 606, the Company assesses the goods or services that are promised within each contract and identifies those that contain performance obligations and assesses whether each promised good or service is distinct. The Company then recognizes as revenue the amount of the transaction price that is allocated to the respective performance obligation when (or as) the performance obligation is satisfied. All of the Company’s revenue from contracts with customers in scope of ASC 606 is recognized in noninterest income and included in our commercial and consumer banking segment. For the three months ended March 31, 2018, the Company recognized $87,000 in deposit fees, and $53,000 in debit card interchange fees considered in scope of ASC 606, and $542,000 of noninterest income considered not in scope of ASC 606. On April 5, 2012, the JOBS Act was signed into law. The JOBS Act contains provisions that, among other things, reduce certain reporting requirements for qualifying public companies. As an “emerging growth company” we may delay adoption of new or revised accounting pronouncements applicable to public companies until such pronouncements are made applicable to private companies. We intend to take advantage of the benefits of this extended transition period. Accordingly, our condensed consolidated financial statements may not be comparable to companies that comply with such new or revised accounting standards.

NOTE 2_ ACCOUNTING STANDARDS RE

NOTE 2: ACCOUNTING STANDARDS RECENTLY ISSUED OR ADOPTED	3 Months Ended
	Mar. 31, 2018
Notes
NOTE 2: ACCOUNTING STANDARDS RECENTLY ISSUED OR ADOPTED	NOTE 2: ACCOUNTING STANDARDS RECENTLY ISSUED OR ADOPTED In May 2014, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) No. 2014-09, Revenue from Contracts with Customers In January 2016, the FASB issued ASU 2016-01, Financial Instruments-Overall: Recognition and Measurement of Financial Assets and Financial Liabilities (Subtopic 825-10) In February 2016, the FASB issued ASU 2016-02, Leases (Topic 842). The most significant change for lessees is the requirement under the new guidance to recognize right-of-use assets and lease liabilities for all leases not considered short-term leases, which is generally defined as a lease term of less than 12 months. This change will result in lessees recognizing right-of-use assets and lease liabilities for most leases currently accounted for as operating leases under current lease accounting guidance. The amendments in this ASU are effective for interim and annual periods beginning after December 15, 2018 for public business entities and one year later for all other entities. Early application of the amendments in the ASU is permitted. The Company is currently evaluating the effects of ASU 2016-02 on its financial statements and disclosures. Although an estimate of the impact of the new leasing standard has not yet been determined, upon adoption the Company expects to report increased assets and increased liabilities on its Consolidated Statements of Financial Condition as a result of recognizing right-of-use assets and lease liabilities related to certain banking offices and certain equipment under noncancelable operating lease agreements, however, based on current leases the adoption is not expected to have a material impact on the Company’s consolidated financial statements. In June 2016, the FASB issued ASU No. 2016-13, Measurement of Credit Losses on Financial Instruments (Topic 326) In January 2017, the FASB issued ASU No. 2017-04, Intangibles — Goodwill and Other (Topic 350) In February 2018, FASB issued ASU 2018-02, Income Statement - Reporting Comprehensive Income (Topic 220) In March 2018, FASB issued ASU No. 2018-05, Income Taxes (Topic 740)

Note 3 - ACQUISITION

Note 3 - ACQUISITION	3 Months Ended
	Mar. 31, 2018
Notes
Note 3 - ACQUISITION	Note 3 - ACQUISITION On April 28, 2017, to increase its market area, reduce net funding costs, and improve operating efficiency, the Company acquired all the assets and assumed all the liabilities of First ULB Corp. (“FULB”) and its subsidiary, United Business Bank, FSB. The Company added eight locations including seven full service branches on one loan production office. The branch offices are located in Oakland, San Jose, Sacramento, San Francisco, Glendale, California and Albuquerque, New Mexico and Tukwila, Washington. The loan production office is located in Los Angeles, California. The Company paid a total of $41.9 million comprised of cash of $19.0 million and 1,371,579 shares of its common stock at a price of $16.66 per share in exchange for all of the common shares outstanding of FULB. Each share of FULB common stock was converted into .9733 share of the Company’s common stock. As of the merger date, the fair value of FULB’s consolidated assets totaled approximately $473.1 million and deposits totaled approximately $428.0 million. The fair value of estimates are subject to change during the measurement period, after the acquisition date as additional information relative to the acquisition date fair values becomes available. The merger transaction is accounted for using the acquisition method of accounting for business combinations FASB ASC 805, Business Combinations. The net assets acquired and the liabilities assumed totaled approximately $32.8 million at the date of merger. The Company also assumed the Floating Rate Junior Subordinated Deferrable Interest Debentures issued by FULB (the ”Subordinated Debentures”) which are held by the First ULB Statutory Trust 1 (the “Trust”) and the lease obligation related to each facility. On November 3, 2017, to enhance its market share in the state of Washington, the Company acquired Plaza Bank (“Plaza Bank”) adding one branch office located in Seattle, Washington. The Company issued 626,381 shares of its common stock at a price of $19.10 per share in exchange for the all of the common shares outstanding of Plaza Bank. Each share of Plaza Bank’s common stock outstanding was converted into .084795 share of the Company’s common stock. As of the merger date, the fair value of Plaza Bank’s assets totaled approximately $75.8 million and deposits totaled approximately $54.2 million. The fair value of estimates are subject to change during the measurement period, after the acquisition date as additional information relative to the acquisition date fair values becomes available. The merger transaction is accounted for using the acquisition method of accounting for business combinations FASB ASC 805, Business Combinations. The net assets acquired and the liabilities assumed totaled approximately $10.8 million at the date of merger. The Company assumed the lease obligation related to the branch facility. The following table summarizes the fair value of the assets acquired and liabilities assumed at the acquisition date: FULB Plaza Bank Acquisition Acquisition Date Date April 28, 2017 November 3, 2017 (Dollars in thousands) Fair value of Assets: Cash and due from Banks $27,992 $1,124 Federal funds sold 75,037 - Total cash and cash equivalents 103,029 1,124 Investment securities 30,241 5,772 FHLB stock 2,087 493 Loans 315,970 65,366 Core deposit intangible 4,435 385 Deferred tax asset, including refunds (164) 2,070 Servicing asset 1,282 - BOLI 6,428 - Other assets 9,831 630 Total assets acquired 473,139 75,840 Liabilities: Deposits Noninterest bearing 152,842 17,256 Interest bearing 275,175 36,923 Total deposits 428,017 54,179 Salary continuation plan 764 - Other borrowings 10,775 10,467 Other liabilities 812 350 Total liabilities assumed 440,368 64,996 Common stock issued 22,860 11,964 Cash consideration 19,037 119 Goodwill $9,126 $1,239 Goodwill represents the excess of the estimated fair value of the liabilities assets assumed over the estimated fair value of the assets acquired. The consideration paid represented a premium to the book value of pre-Merger institution’s net assets at the acquisition date. Goodwill is not tax deductible. The following table presents the net assets acquired and the estimated fair value adjustments, which resulted in Goodwill at the acquisition date: FULB Plaza Bank Acquisition Acquisition Date Date April 28, 2017 November 3, 2017 (Dollars in thousands) Book value of net assets acquired $29,321 $8,107 Fair value adjustments: Loans 636 386 Write-down on real estate investment (262) - Time-deposits - (74) Other borrowings - (30) Trust preferred securities 1,045 - Core deposit intangible 4,435 385 Deferred tax assets (2,404) 2,070 Total purchase accounting adjustments 3,450 2,737 Fair value of net assets acquired 32,771 10,844 Common stock issued 22,860 11,964 Cash paid 19,037 119 Total price paid 41,897 12,083 Goodwill $9,126 $1,239 Loans The Company engaged a third party to determine the fair value of loans. The fair values for acquired loans were calculated using a discounted cash flow analysis based on the present value of the expected cash flows utilizing market-derived discount rates and certain assumptions related to expected cash flows including prepayment estimates adjusted based on loan type and seasoning, and probability of default and loss severity. For purchased non-credit impaired (“PNCI”) loans, the total gross contractual amounts receivable was $379.1 million as of the acquisition date. For purchased credit impaired (“PCI”) loans, the total contractual amounts receivable was $8.6 million as of the date of acquisition. The f a The PNCI loans with similar characteristics were grouped together and were treated in the aggregate when applying the discount rate on the expected cash flows. Aggregation factors considered include the type of loan and related collateral, risk classification, fixed or variable interest rate, term of loan and whether or not the loan was amortizing. The discount rates used for the similar groups of loans are based on current market rates for new originations of comparable loans, where available, and include adjustments for credit and liquidity factors. In addition, the guarantee of certain retained U.S. Small Business Administration (“SBA”) guaranteed loans is reflected in the fair value. At the acquisition date, the contractual amount and timing of undiscounted principal and interest payments and the estimated the amount and timing of undiscounted expected principal and interest payments was used to estimate the fair value of PCI loans. The difference between these two amounts represented the nonaccretable difference. On the acquisition date, the amount by which the undiscounted expected cash flows exceed the estimated fair value of the acquired loans is the “accretable yield”. The accretable yield is then measured at each financial reporting date and represented the difference between the remaining undiscounted expected cash flows and the current carrying value of the loans. For PCI loans the accretable yield is accreted into interest income over the life of the estimated remaining cash flows. At each financial reporting date, the carrying value of each PCI loan is compared to an updated estimate of expected principal payment or recovery on each loan. To the extent that the loan carrying amount exceeds the updated expected principal payment or recovery, a provision of loan loss would be recorded as a charge to income and an allowance for loan loss established. The following table reflects contractual cash flows, nonaccretable difference, accretable yield, fair value, purchase discount, and principal balance for the various loan categories as of the acquisition date. For PCI loans, the purchase discount does not necessarily represent cash flows to be collected as a portion of it is a nonaccretable difference: Credit-impaired Non-credit loans impaired loans Total (Dollars in thousands) Contractually required payments $8,577 $379,144 $387,721 Less: nonaccretable difference (966) - (966) Cash flows expected to be collected (undiscounted) 7,611 379,144 386,755 Accretable yield (322) (5,097) (5,419) Fair value of purchased loans $7,289 $374,047 $381,336 Real Estate Investment The acquisition of FULB includes the acquisition of a real estate investment. The real estate was sold after the merger resulting in a fair value adjustment equal to the sale price net of closing expenses. Servicing Assets The acquisition of FULB included the acquisition of loans serviced for others including the SBA. The fair value of the servicing assets were calculated based on the net present value of the servicing income stream using a market-derived discount rate and estimated expected cash flows based on the estimated life of the underlying loans less the estimated cost of servicing plus a normal profit. Core Deposit Intangible The core deposit intangible asset, with an estimated acquisition date fair value of $4.8 million, represents the value ascribed to the long-term deposit relationships acquired and is being amortized over an estimated average useful life of seven years. Retention rates used to arrive at fair values are based on historical attrition analysis of other comparable financial institution’s and management’s assumptions. Generally, a run-off of 5% from beginning balances is assumed for all account types in the first and second year and includes a deposit growth rate of 1%. The core deposit intangible is estimated not to have a significant residual value. Deposits The fair values used for the retail demand deposit accounts and negotiable order of withdrawal or NOW deposits assumed were equal to the amounts payable on demand at the acquisition date. There was no fair value adjustment for FULB’s time deposits as the fair values were equal to the carrying value as of the acquisition date based on the discounted cash flow that applied interest rates offered by market participants as of the acquisition date on time deposits with similar maturity dates. The fair values for time deposits are estimated using a discounted cash flow calculation that applies interest rates offered by market participants as of the acquisition date on time deposits with similar maturity terms as the discount rates. Subordinated Deferrable Interest Debentures The Subordinated Debentures total of $6.4 million had a fair value of $5.4 million. The fair value adjustment of $1,045,000 for the Subordinated Debentures is equal to the discounted cash flow that applied interest rates offered by market participants as of the acquisition date. Pro Forma Results of Operations The operating results of the Company for the year ended December 31, 2017 and 2016 include the operating results of FULB and Plaza Bank since their respective acquisition dates. The following table represents the net interest and other income, basic earnings per share and diluted earning per share as if the acquisition with FULB and Plaza Bank were effective as of January 1, 2017 and 2016 for the respective year in which each acquisition was closed. The unaudited pro forma information in the following table is intended for informational purposes only and is not necessarily indicative of our future operating results for operating results that would have occurred had the mergers been completed at the beginning of each respective year. No assumptions have been applied to the pro forma results of operation regarding possible revenue enhancements, expense efficiencies or asset dispositions. The contribution of the acquired operations from FULB and Plaza to our results of operations for the 2017 is as follows: Proforma Proforma 2017 2016 (Dollars in thousands) Net interest income $47,656 $44,635 Net income 4,387 9,380 Basic earnings per share $0.59 $1.27 Diluted earnings per share 0.59 1.26 These amounts include the acquisition-related third party expenses, accretion of the discounts on acquired loans and amortization of the fair value mark adjustments on core deposit intangible. FULB and Plaza Bank’s results of operations prior to their respective merger dates are not included in the Company’s results for 2017. The contribution shown above excludes allocated overhead and allocated cost of funds. Acquisition-related Expenses Acquisition-related expenses are recognized as incurred and continue until all systems are converted and operational functions become fully integrated. We incurred third-party acquisition-related expenses in the following line items in the statement of income for the year ended December 31, 2017 as follows: FULB Plaza Total (Dollars in thousands) Acquisition related expenses in 2017 Professional fees $349 $225 $574 Data processing 1,586 855 2,441 Severance expense 212 75 287 Other 120 54 174 Total $2,267 $1,209 $3,476

NOTE 4 - Investments Available

NOTE 4 - Investments Available for Sale	3 Months Ended
	Mar. 31, 2018
Notes
NOTE 4 - Investments Available for Sale	NOTE 4 – INVESTMENTS AVAILABLE FOR SALE The amortized cost and estimated fair values of securities available-for-sale at March 31, 2018 and December 31, 2017 are as follows: Gross Gross Amortized Unrealized Unrealized Fair cost gains losses value (Dollars in thousands) March 31, 2018 Municipal securities $15,859 $74 $(201) $15,732 Mortgage-backed securities 9,593 98 (101) 9,590 Collateralized mortgage obligations 1,104 - (6) 1,098 U.S. Government Agencies 4,989 - (21) 4,968 SBA securites 5,342 64 (5) 5,401 $36,887 $236 $(334) $36,789 Gross Gross Amortized Unrealized Unrealized Fair cost gains losses value (Dollars in thousands) December 31, 2017 Municipal securities $15,910 $182 $(45) $16,047 Mortgage-backed securities 9,621 143 (24) 9,740 Collateralized mortgage obligations 1,758 1 (9) 1,750 U.S. Government Agencies 6,984 - (13) 6,971 SBA securites 5,929 78 (10) 5,997 $40,202 $404 $(101) $40,505 The gross unrealized losses of the available-for-sale investment securities portfolio are summarized according to the duration of the loss period as of March 31, 2018 and December 31, 2017 are as follows: Less than 12 months 12 months or more Total Estimated Unrealized Estimated Unrealized Estimated Unrealized March 31, 2018 Fair Value Loss Fair Value Loss Fair Value Loss (Dollars in thousands) Municipal securities $11,965 $(195) $265 $(6) $12,230 $(201) Mortgage-backed securities 7,116 (101) 28 - 7,144 (101) Collateralized mortgage obligations 1,075 (6) - - 1,075 (6) U.S. Government Agencies 4,976 (21) - - 4,976 (21) SBA securities 141 - 791 (5) 932 (5) Total $25,273 $(323) $1,084 $(11) $26,357 $(334) Less than 12 months 12 months or more Total Estimated Unrealized Estimated Unrealized Estimated Unrealized December 31, 2017 Fair Value Loss Fair Value Loss Fair Value Loss (Dollars in thousands) Municipal securities $4,011 $(39) $267 $(6) $4,278 $(45) Mortgage-backed securities 4,075 (24) - - 4,075 (24) Collateralized mortgage obligations 1,201 (9) - - 1,201 (9) U.S. Government Agencies 6,981 (13) - - 6,981 (13) SBA securities 1,245 (10) - - 1,245 (10) Total $17,513 $(95) $267 $(6) $17,780 $(101) At March 31, 2018, there were five securities in an unrealized loss position for greater than twelve consecutive months. At the same time, there were 60 securities in an unrealized loss position for twelve or less than twelve consecutive months. At December 31, 2017, there was one security in an unrealized loss position for greater than 12 consecutive months, and there were 48 securities in an unrealized loss position for less than 12 consecutive months. Management periodically evaluates each security in an unrealized loss position to determine if the impairment is temporary or other-than-temporary. The unrealized losses are due solely to interest rate changes and the Company does not intend to sell nor expects it will be required to sell investment securities identified with impairments prior to the earliest of forecasted recovery or the maturity of the underlying investment security. Management has determined that no investment security was other-than-temporarily impaired at March 31, 2018 and December 31, 2017. The amortized cost and estimated fair value of available-for-sale debt securities as of March 31, 2018 by contractual maturity are shown below. Expected maturities may differ from contractual maturities because borrowers may have the right to call or prepay obligations with or without call or prepayment penalties. Amortized Fair Cost Value (Dollars in thousansd) Available-for-sale: Due in one year or less $3,248 $3,242 Due after one through five years 7,425 7,991 Due after five years through ten years 16,089 14,846 Due after ten years 10,125 10,710 $36,887 $36,789 For the three months ended March 31, 2018 and March 31, 2017, no gross realized gains or losses were recorded.

NOTE 5 - LOANS

NOTE 5 - LOANS	3 Months Ended
	Mar. 31, 2018
Notes
NOTE 5 - LOANS	NOTE 5 - LOANS Loans are summarized as follows at March 31, 2018 and December 31, 2017: March 31, December 31, 2018 2017 (Dollars in thousands) Commercial and industrial $115,144 $113,801 Construction and land 28,353 22,720 Commercial real estate 662,909 669,150 Residential real estate 84,508 84,781 Consumer 97 1,096 Gross loans 891,011 891,548 Net deferred loan fees (432) (469) Allowance for loan losses (4,600) (4,215) Net loans $885,979 $886,864 As of March 31, 2018, and December 31, 2017 the Company’s impaired or non-accrual originated and PCI loans have a related allowance for loss as follows: Unpaid Average Recorded Principal Related Recorded Income Investment Balance Allowance Investment Recognized (Dollars in thousands) March 31, 2018 With no related allowance recorded: Commercial and industrial $- $- $- $- $- Construction and land - - - - - Commercial real estate 866 866 - 890 10 Residential 132 132 - 132 - Consumer - - - - - With an allowance recorded: Commercial and industrial 11 11 11 11 - Construction and land - - - - - Commercial real estate - - - - - Residential - - - - - Consumer - - - - - Unpaid Average Recorded Principal Related Recorded Income Investment Balance Allowance Investment Recognized (Dollars in thousands) December 31, 2017 With no related allowance recorded: Commercial and industrial $- $- $- $- $- Construction and land - - - - - Commercial real estate 1,120 1,228 - 1,147 56 Residential - - - - - Consumer - - - - - With an allowance recorded: Commercial and industrial 13 13 13 13 2 Construction and land Commercial real estate - - - - - Residential - - - - - Consumer - - - - - The amount of interest on impaired loans not collected for the quarters ended March 31, 2018 and 2017 was zero. Nonaccrual loans totaled $229,000 and $179,000 as of March 31, 2018 and December 31, 2017, respectively. Impaired loans on accrual are loans that have been restructured and are performing under modified loan agreements, and principal and interest is determined to be collectible. Nonaccrual loans are loans where principal and interest have been determined to not be fully collectible. The following table presents non-accrual loans for the periods ending March 31, 2018 and December 31, 2017: March 31, December 31, 2018 2017 (Dollars in thousands) Commercial & industrial $11 $13 Construction and land - - Commercial real estate 86 166 Residential 132 - Consumer - - Total non-accrual loans $229 $179 The following table presents loans by class modified as troubled debt restructuring (“TDR”) including any subsequent defaults during the period ending March 31, 2018 and December 31, 2017: March 31, December 31, 2018 2017 (Dollars in thousands) Commercial and industrial $11 $13 Construction and land - - Commercial real estate 780 1,032 Residential - - Consumer - - Total TDR's $791 $1,045 There were no commitments for additional funding of TDR loans as of March 31, 2018. There were no payment defaults during the three months ended March 31, 2018 that were related to receivables modified as TDR in the last three months. As of March 31, 2018, there were no loans modified within the previous twelve months and for which there was a payment default during the period. Purchase Credit Impaired Loans As part of acquisitions, the Company has purchased loans, some of which have shown evidence of credit deterioration since origination and it is probable at the acquisition that all contractually requirement payments would not be collected. The carrying amount and unpaid balance of PCI loans are as follows: March 31,2018 December 31,2017 Unpaid Unpaid Principal Carrying Principal Carrying Balance Value Balance Value (Dollars in thousands) Commercial and industrial $139 $3 $149 $2 Construction and land - - - - Commercial real estate 16,321 13,765 17,268 14,313 Residential - - - - Consumer - - - - Total purchased credit impaired loans $16,460 $13,768 $17,417 $14,315 The following tables summarize the Company’s allowance for loan losses for the three months ended March 31, 2018: As of and For the Three Months Ended March 31, 2018 Commercial Construction Commercial and Industrial and Land Real Estate Residential Consumer Unallocated Total (Dollars in thousands) Allowance for loan losses Allowance for loan losses $841 $199 $2,620 $150 $3 $402 $4,215 Charge-offs - - - - - - - Recoveries 131 - - - - - 131 Provision for loan losses 33 52 162 10 (3) - 254 Allowance for loan losses $1,005 $251 $2,782 $160 $- $402 $4,600 Allowance for loan losses related to: Loans individually evaluated for impairment $11 $- $- $- $- $- $11 Loans collectively evaluated for impairment 994 251 2,782 160 - 402 4,589 PCI loans - - - - - - - Balance of loans: Invidually evaluated for impairment 11 - 866 132 - - 1,009 Collectively evaluated for impairment 115,131 28,354 649,816 83,086 97 - 876,484 PCI loans 3 - 12,475 1,290 - - 13,768 Balance of loans collectively evaluated for impairment 115,134 28,354 662,291 84,376 97 - 890,252 Total $115,145 $28,354 $663,157 $84,508 $97 $- $891,261 The following table summarizes the Company’s allowance for loan losses for the year ended December 31, 2017 and the three months ended March 31, 2017: December 31, 2017 Commercial Construction Commercial and Industrial and Land Real Estate Residential Consumer Unallocated Total (Dollars in thousands) Allowance for loan losses: Allowance for loan losses $1,011 $287 $2,105 $151 $4 $217 $3,775 Charge-offs (63) - (3) - (1) - (67) Recoveries 45 - - - - - 45 Provision for loan losses (152) (88) 593 (1) - 110 462 Allowance for loan losses $841 $199 $2,695 $150 $3 $327 $4,215 Allowance for loan losses related to: Loans individually evaluated for impairment $13 $- $- $- $- $- $13 Loans collectively evaluated for impairment 828 199 2,695 150 3 327 4,202 PCI loans - - - - - - - Balance of loans: Invidually evaluated for impairment 13 - 1,120 - - - 1,133 Collectively evaluated for impairment 114,357 22,720 657,686 83,486 1,096 - 879,345 PCI loans 3 - 13,017 1,295 - - 14,315 Balance of loans collectively evaluated for impairment 114,360 22,720 670,703 84,781 1,096 - 893,660 Total $114,373 $22,720 $671,823 $84,781 $1,096 $- $894,793 March 31, 2017 Commercial Construction Commercial and Industrial and Land Real Estate Residential Consumer Unallocated Total (Dollars in thousands) Allowance for loan losses Allowance for loan losses $1,011 $287 $2,105 $151 $4 $217 $3,775 Charge-offs - - (3) - - - (3) Recoveries 10 - - - - - 10 Provision for loan losses (84) (8) 245 (12) (2) 4 143 Allowance for loan losses $937 $279 $2,347 $139 $2 $221 $3,925 Allowance for loan losses related to: Loans individually evaluated for impairment $25 $- $- $- $- $- $25 Loans collectively evaluated for impairment 912 279 2,347 139 2 221 3,900 PCI loans - - - - - - Balance of loans: Invidually evaluated for impairment 268 - 724 - - - 992 Collectively evaluated for impairment 73,464 20,878 403,015 27,977 1,125 - 526,459 PCI loans 2 - 6,624 1,457 - - 8,083 Balance of loans collectively evaluated for impairment 73,466 20,878 409,639 29,434 1,125 - 534,542 Total $73,734 $20,878 $410,363 $29,434 $1,125 $- $535,534 Risk rating system Each loan is assigned a risk grade based on its characteristics. Loans with low to average credit risk are assigned a lower risk grade than those with higher credit risk as determined by the individual loan characteristics. The Company’s Pass loans includes loans with acceptable business or individual credit risk where the borrower’s operations, cash flow or financial condition provides evidence of low to average levels of risk. A Special mention asset has potential weaknesses that deserve close attention. If left uncorrected, these potential weaknesses may result in a deterioration of the repayment prospects for the asset or in the Company’s credit position at some future date. Special Mention assets are not adversely classified and do not expose the Company to sufficient risk to warrant adverse classification. A Special Mention rating should be a temporary rating, pending the occurrence of an event that would cause the risk rating to either improve or to be downgraded. A Substandard asset is inadequately protected by the current net worth and paying capacity of the obligor or of the collateral pledged. Assets so classified must have a well-defined weakness or weaknesses that jeopardize the liquidation of the debt. Assets are characterized by the distinct possibility that the Company will sustain some loss if the deficiencies are not corrected. The potential loss does not have to be recognizable in an individual credit for that credit to be risk rated substandard. Any asset classified Doubtful has all the weaknesses inherent in one classified substandard with the added characteristic that the weaknesses make collection or liquidation in full, on the basis of currently existing facts, conditions, and value, highly questionable and improbable. Doubtful assets have a high probability of loss, yet certain important and reasonably specific pending factors may work toward the strengthening of the asset. Losses are recognized as charges to the allowance when the loan or portion of the loan is considered uncollectible or at the time of foreclosure. Recoveries on loans receivable previously charged off are credited to the allowance for loan losses. The following table provides an aging of the Company's loan receivable as of March 31, 2018 and December 31, 2017: Recorded Greater Investment > 30-59 Days 60-89 Days Than Total Past Total Loans 90 Days and Past Due Past Due 90 Days Due Current PCI Loans Receivable Accruing (Dollars in thousands) March 31, 2018 Commercial and industrial $149 $95 $- $244 $114,898 $3 $115,144 $- Construction and land - - - - 28,354 - 28,354 - Commercial real estate 1,222 - - 1,222 649,460 12,475 663,158 - Residential 132 - - 132 83,086 1,290 84,508 - Consumer 3 - - 3 94 - 97 - Total $1,506 $95 $- $1,601 $875,892 $13,768 $891,261 $- December 31, 2017 Commercial and industrial $96 $- $- $96 $114,274 $3 $114,373 $- Construction and land - - - - 22,720 - 22,720 - Commercial real estate 1,446 - - 1,446 657,360 13,017 671,823 - Residential 349 - - 349 83,137 1,295 84,781 - Consumer 3 - - 3 1,093 - 1,096 - Total $1,894 $- $- $1,894 $878,584 $14,315 $894,793 $- At March 31, 2018 and December 31, 2017 there were no loans that were 90 days or more past due where interest was still accruing. As of March 31, 2018, and December 31, 2017 nonaccrual loans totaling $229,000 and $179,000 respectively, were not past due and are reflected in the current category. The following tables represent the internally assigned grade by class of loans as of March 31, 2018 and December 31, 2017: Special Total March 31, 2018 Pass Mention Substandard Doubtful loans (Dollars in thousands) Commercial and industrial $110,354 $781 $4,010 $- $115,145 Construction and land 25,466 - 2,887 - 28,353 Commercial real estate 655,931 3,765 3,462 - 663,158 Residential real estate 84,376 - 132 - 84,508 Consumer loans 97 - - - 97 Totals $876,224 $4,545 $10,491 $- $891,261 Special December 31, 2017 Pass Mention Substandard Doubtful Total (Dollars in thousands) Commercial and industrial $112,650 $807 $916 $- $114,373 Construction and land 19,833 - 2,887 - 22,720 Commercial real estate 664,551 4,058 3,214 - 671,823 Residential real estate 84,781 - - - 84,781 Consumer loans 1,096 - - - 1,096 Total $882,911 $4,865 $7,017 $- $894,793

NOTE 6 - BORROWINGS

NOTE 6 - BORROWINGS	3 Months Ended
	Mar. 31, 2018
Notes
NOTE 6 - BORROWINGS	NOTE 6 – BORROWINGS At March 31, 2018 the Company had a secured term borrowing totaling $6.0 million which was subsequently repaid. The Company has an approved secured borrowing facility with the FHLB for up to 25% of total assets for a term not to exceed five years under a blanket lien of certain types of loans. There were no outstanding borrowings under this facility at March 31, 2018 and December 31, 2017. As of March 31, 2018, the FHLB had issued a letter of credit on behalf of the Bank totaling $7.45 million as collateral for local agency deposits. The Company has four Federal Funds lines with available commitments totaling $65.0 million with four correspondent banks . There are no amounts outstanding under these facilities at March 31, 2018 and December 31, 2017.

Note 7 - Junior Subordinated De

Note 7 - Junior Subordinated Deferrable Interest Debentures	3 Months Ended
	Mar. 31, 2018
Notes
Note 7 - Junior Subordinated Deferrable Interest Debentures	NOTE 7– JUNIOR SUBORDINATED DEFERRABLE INTEREST DEBENTURES The Company has an investment in the First ULB Statutory Trust I (the “Trust”) that is accounted for under the equity method. The Company acquired the Trust in the acquisition of FULB. The Trust is a Delaware business formed with capital of $192,000 for the sole purpose of issuing trust preferred securities fully and unconditionally guaranteed by the Company. The Trust issued 6,200 Floating Rate Capital Trust Pass-Through Securities (“Trust Preferred Securities”), with a liquidation value of $1,000 per security, for gross proceeds of $6.2 million . The entire proceeds of the issuance were invested by the Trust in $6.4 million of Subordinated Debentures issued by FULB andf assumed by the Company in the FULB acquisition, with identical maturities, repricing and payment terms as the Trust Preferred Securities. The Subordinated Debentures mature on September 15, 2034, bear a current interest rate of 4.83% (based on 3-months Libor plus 2.5%), with quarterly repricing. The Subordinated Debentures are redeemable by the Company subject to prior approval from the Federal Reserve Board of Governors (“Federal Reserve”), on any March 15, June 15, September 15, or December 15. The redemption price is par plus accrued and unpaid interest, except in the case of redemption under special event which is defined in the debenture. The Trust Preferred Securities are subject to mandatory redemption to the extent of any early redemption of the Subordinated Debentures and upon maturity of the Subordinated Debentures on September 15, 2034. As of March 31, 2018 the Trust Preferred Securities had an outstanding balance, net of mark-to-market, totaling $5.4 million . Holders of the Trust Preferred Securities are entitled to a cumulative cash distribution on the liquidation amount of $1,000 per security for each successive period beginning on March 15, June 15, September 15 and December 15 of each year. The Company also has the right to defer the payment of interest on each of the Subordinated Debentures for a period not to exceed 20 consecutive quarters, provided that the deferral period does not extend beyond the stated maturity date. During such deferral period, distributions on the corresponding Trust Preferred Securities will also be deferred and the Company may not pay cash dividends to the holders of shares of the Company’s common stock. The Company has guaranteed, on a subordinated basis, distributions and other payments due on the Trust Preferred Securities.

NOTE 8 - EQUITY INCENTIVE PLANS

NOTE 8 - EQUITY INCENTIVE PLANS	3 Months Ended
	Mar. 31, 2018
Notes
NOTE 8 - EQUITY INCENTIVE PLANS	NOTE 8 – EQUITY INCENTIVE PLANS 2017 Omnibus Equity Incentive Plan The shareholders approved the Omnibus Equity Incentive Plan (“2017 Plan”) in November 2017. The 2017 Plan provides for the awarding by the Company’s Board of Directors of equity incentive awards to employees and non-employee directors. An equity incentive award may be an option, stock appreciation rights, restricted stock units, stock award, other stock-based award or performance award granted under the 2017 Plan. Factors considered by the Board in awarding equity incentives to officers and employees include the performance of the Company, the employee’s or officer’s job performance, the importance of his or her position, and his or her contribution to the organization’s goals for the award period. Generally, awards are restricted and have a vesting period of no longer than ten years. Subject to adjustment as provided in the 2017 Plan, the maximum number of shares of common stock that may be delivered pursuant to awards granted under the 2017 Plan is 450,000 . The 2017 Plan provides for an annual restricted stock grant limits to officers, employees and directors. The annual stock grant limit per person for officers and employees is the lessor of 50,000 shares or a value of $2.0 million, and per person for directors the maximum is 25,000 shares. All unvested restricted shares outstanding vest in the event of a change in control of the Company. During the three months ended March 31, 2018, 15,232 shares of restricted stock were awarded and no stock options were granted. Awarded shares of restricted stock vest over (i) a one-year period following the date of grant, in the case of the non-employee directors, and (ii) a three-year period following the date of grant, with the initial vesting occurring on the one-year anniversary of the date of grant, in the case of the executive officers. 2014 Omnibus Equity Incentive Plan In 2014, the shareholders approved the Omnibus Equity Incentive Plan (the “2014 Plan”). A total of 148,962 equity incentive awards have been granted under the 2014 Plan. The awards are shares of restricted stock and have a vesting period of one to five years. No future equity awards will be made from the 2014 Plan. The Company recognizes compensation expense for the restricted stock awards based on the fair value of the shares at the award date. For the three months ended March 31, 2018 and 2017, total compensation expense for these plans was $146,200 and $91,600, respectively. As of March 31, 2018, there was $1.1 million of total unrecognized compensation cost related to non-vested shares granted as restricted stock awards. The cost is expected to be recognized over the remaining weighted-average vesting period of approximately two years. The following table provides a summary of changes in non-vested restricted stock awards for the three months ended March 31, 2018: For the Three Months Ended March 31, 2018 Weighted- Average Grant Date Shares Fair Value Non-vested at January 1, 2018 67,481 $13.51 Granted 15,232 19.45 Vested (8,706) 13.40 Non-vested at March 31, 2018 74,007 Expected to vest assuming no forfeiture over the vesting term 74,007 The following table provides a summary of changes in non-vested restricted stock awards for the three months ended March 31, 2017: For the Three Months Ended March 31, 2017 Weighted-Average Grant Date Shares Fair Value Non-vested at January 1, 2017 68,650 $11.51 Granted 16,865 14.86 Vested (5,333) 12.47 Non-vested at March 31, 2017 80,182 Expected to vest assuming a no forfeiture over the vesting term 80,182

NOTE 9 - EARNINGS PER SHARE CAL

NOTE 9 - EARNINGS PER SHARE CALCULATION	3 Months Ended
	Mar. 31, 2018
Notes
NOTE 9 - EARNINGS PER SHARE CALCULATION	NOTE 9 – EARNINGS PER SHARE CALCULATION Earnings per common share (“EPS”) are computed based on the weighted average number of common shares outstanding during the period. Basic EPS excludes dilution and is computed by dividing net earnings available to common stockholders by the weighted average of common shares outstanding. Diluted EPS reflects the potential dilution that could occur if securities or other contracts to issue common stock were exercised or converted into common stock. The number of potential common shares included in the quarterly diluted EPS is computed using the average market price during the three months included in the reporting period under the treasury stock method. The number of potential common shares included in year-to-date diluted EPS is a year-to-date weighted average of potential shares included in each quarterly diluted EPS computation. Dilutive income per share includes the effect of stick options and other potentially dilutive securities using the treasury stock method. There two forms of outstanding common stock and unvested restricted stock rewards. Holders of unvested restricted stock awards receive non-forfeitable dividends at the same rate as common shareholders and they both share equally in undistributed earnings. Under the two-class method, the inference in EPS is not significant for these participating securities. stock awards All common stock equivalents are anti-dilutive when a net loss occurs. Earnings per share have been computed based on the following: Three months ended March 31, 2018 2017 (Dollars in thousands) Net income $4,069 $1,416 Weighted Average number of shares outstanding 7,512,227 5,397,930 Diluted effect of restrictive stock grants - 13,624 Average number of shares outstanding used to calculate diluted earnings per share 7,512,227 5,411,554

NOTE 10 - FAIR VALUE MEASUREMEN

NOTE 10 - FAIR VALUE MEASUREMENT	3 Months Ended
	Mar. 31, 2018
Notes
NOTE 10 - FAIR VALUE MEASUREMENT	NOTE 10 – FAIR VALUE MEASUREMENT The following table Level 1 Level 2 Level 3 In certain cases, the inputs used to measure fair value may fall into different levels of the hierarchy. In such cases, the lowest level of inputs that is significant to the measurement is used to determine the hierarchy for the entire asset or liability. Transfers between levels of the fair value hierarchy are recognized on the actual date of the event or circumstances that caused the transfer, which generally coincides with our quarterly valuation process. There were no transfers between levels during 2018 or 2017. The following assets are measured at fair value on a recurring basis: As of March 31, 2018 Description of Financial Instruments: Total Level 1 Level 2 Level 3 (Dollars in thousands) Municipal securities $15,732 $- $15,732 $- Mortgage-backed securities 9,590 - 9,590 - Collateralized mortgage obligations 1,098 - 1,098 - U.S. Government Agencies 4,968 - 4,968 - SBA securites 5,401 - 5,401 - Total assets measured at fair value $36,789 $- $36,789 $- As of December 31, 2017 Description of Financial Instruments: Total Level 1 Level 2 Level 3 (Dollars in thousands) Municipal securities $16,047 $- $16,047 $- Mortgage-backed securities 9,740 - 9,740 - Collateralized mortgage obligations 1,750 - 1,750 - U.S. Government Agencies 6,971 - 6,971 - SBA securities 5,997 - 5,997 - Total assets measured at fair value $40,505 $- $40,505 $- Fair values for investment securities are based on quoted market prices, where available. If quoted market prices are not available, fair values are based on quoted market prices of comparable instruments. The following tables present the recorded amounts of impaired loans measured at fair value on a non-recurring basis: As of March 31, 2018 Total Level 1 Level 2 Level 3 (Dollars in thousands) Commercial and industrial loans $- $- $- $- Construction and land - - - - Commercial real estate 821 - - 821 Residential 99 - - 99 Consumer - - - - Total impaired assets measured at fair value $920 $- $- $920 As of December 31, 2017 Total Level 1 Level 2 Level 3 (Dollars in thousands) Commercial and industrial loans $- $- $- $- Construction and land - - - - Commercial real estate 1,120 - - 1,120 Residential - - - - Consumer - - - - Total impaired assets measured at fair value $1,120 $- $- $1,120 The Bank does not record loans at fair value. However, from time to time, if a loan is considered impaired, a specific allocation within the allowance for loan losses may be required. Loans for which it is probable that payment of interest and principal will not be made in accordance with the contractual terms of the loan agreement are considered impaired. The fair value of impaired loans is estimated using one of several methods, including collateral value, market value of similar debt, enterprise value, liquidation value and cash flows. Those impaired loans not requiring an allowance represent loans for which the value of the expected repayments or collateral equals or exceeds the recorded investments in such loans. Impaired loans where an allowance is established based on the fair value of collateral or when the impaired loan has been written down to fair value require classification in the fair value hierarchy. If the fair value of the collateral is based on a non-observable market price or a current appraised value, the Bank records the impaired loans as nonrecurring Level 3. When an appraised value is not available, or management determines the fair value of the collateral is further impaired below the appraised value and there is no observable market price, the Bank also records the impaired loans as nonrecurring Level 3. Fair Values of Financial Instruments. There have been no significant changes in valuation techniques during the periods reported. The following methods and assumptions were used to estimate the fair value disclosure for financial instruments: Cash and cash equivalents - Cash and cash equivalents include cash and due from banks, interest bearing deposits in banks, and Fed funds sold, and are valued at their carrying amounts because of the short-term nature of these instruments. Interest bearing deposits in financial institutions - Interest bearing deposits in financial institutions are valued based on quoted interest rates for comparable instruments with similar remaining maturities. Investment Securities - The fair value of available of sale securities are based on quoted market prices, where available. If quoted market prices are not available, fair values are estimated using quoted market prices for similar securities and indications of value provides by brokers. Other equity securities - The carrying value of the FHLB and FRB stock approximates the fair value because the stock is redeemable at par. Loans – Loans with variable interest rates are valued at the current carrying value, because these loans are regularly adjusted to market rates. The fair value of fixed rate with remaining maturities in excess of one year is estimated by discounting the future cash flows using current rates at which similar loans would be made to borrowers with similar credit ratings for the same remaining maturities. The allowance for loan losses is considered to be a reasonable estimate of the loan discount related to credit risk. Accrued interest receivable and payable - The accrued interest receivable and payable balance approximates its fair value. Deposits - The fair value of non-interest bearing deposits, interest bearing transaction accounts and savings accounts is the amount payable on demand at the reporting date. The fair value of time deposits is estimated by discounting the future cash flows using current rates offered for deposits of similar remaining maturities. Other borrowings - The fair value is estimated by discounting the future cash flows using current rates offered for similar borrowings. The discount rate is equal to the market rate of currently offered similar products. This is an adjustable rate borrowing and adjusts to market on a quarterly basis. Junior Subordinated Deferrable Interest Debentures - The fair value of the Subordinated Debentures is determined based on rates and/or discounted cash flow analysis using interest rates offered in inactive markets for instruments of a similar maturity and structure resulting in a Level 3 classification. The Subordinated Debentures are carried at their current carrying value, because the Subordinated Debentures regularly adjust to market rates. Undisbursed loan commitments and standby letters of credit - The fair value of the off-balance sheet items is based on discounted cash flows of expected fundings. Loans held for sale - Loans held for sale are carried at the lower of cost or fair value. The fair value of loans held for sale is based on what the secondary markets are currently offering for loans with similar characteristics. As such, the Bank classifies those loans subjected to nonrecurring fair value adjustments as Level 2. Non-financial assets and liabilities defined by the FASB ASC 820, Fair Value measurements, such as Bank premises and equipment, deferred taxes, and other liabilities are excluded from the table. In addition, we have not disclosed the fair value of financial instruments specifically. The following table provides summary information on the estimated fair value of financial instruments at March 31, 2018: Carrying Fair Fair value measurements amount value Level 1 Level 2 Level 3 (Dollars in thousands) Financial assets: Cash and cash equivalents $255,551 $255,551 $255,551 $- $- Interest-bearing deposits with financial institutions 1,245 1,245 1,245 - - Investment securities available for sale 36,789 36,789 - 36,789 - Loans, net 885,979 889,275 - - 889,275 Loans held for sale 250 250 - 250 - Other equity securities 8,125 8,125 - 8,125 - Accrued interest receivable 4,984 4,984 - 4,984 - Financial liabilities: Deposits 1,098,265 1,099,093 878,753 220,340 - Subordinated Debentures 5,402 5,412 - - 5,412 Other borrowings 6,000 6,000 - - 6,000 Accrued interest payable 149 149 - 149 - Off-balance-sheet liabilities: Undisbursed loan commitments, lines of credit, standby letters of credit 310 310 - - 310 The carrying amount of loans includes $229,000 of nonaccrual loans (loans that are not accruing interest) as of March 31, 2018. The fair value of nonaccrual loans is based on the collateral values that secure the loans or the cash flows expected to be received. The following table provides summary information on the estimated fair value of financial instruments at December 31, 2017: Carrying Fair Fair value measurements amount value Level 1 Level 2 Level 3 (Dollars in thousands) Financial assets: Cash and cash equivalents $249,853 $249,853 $249,853 $- $- Interest-bearing deposits with financial institutions 1,743 1,743 1,743 - - Securities available for sale 40,505 40,505 - 40,505 - Other equity securities 7,759 7,759 - 7,759 - Loans, net 886,864 883,361 - - 883,361 Loans held for sale 3,245 3,245 - 3,245 - Accrued interest receivable 3,002 3,002 - 3,002 - Financial liabilities: Deposits 1,104,305 1,104,665 875,506 229,159 - Subordinated Debentures 5,387 5,387 - - 5,387 Other borrowings 6,000 6,000 - - 6,000 Accrued interest payable 141 141 - 141 - Off-balance-sheet liabilities: Undisbursed loan commitments, lines of credit, standby letters of credit and Mastercard lines of credit 310 310 - - 310 The carrying amounts of loans include $179,000 of nonaccrual loans (loans that are not accruing interest) as of December 31, 2017. The fair value of nonaccrual loans is based on the collateral values that secure the loans or the cash flows expected to be received.

NOTE 11 - SUBSEQUENT EVENTS

NOTE 11 - SUBSEQUENT EVENTS	3 Months Ended
	Mar. 31, 2018
Notes
NOTE 11 - SUBSEQUENT EVENTS	NOTE 11 – SUBSEQUENT EVENTS On May 8, 2018, the Company completed an initial public offering of 3,278,900 shares of common stock at a price to the public of $22.00 per share, including 427,682 shares pursuant to the full exercise by the underwriters of their option to purchase additional shares of common stock from the Company. Net proceeds to the Company were approximately $66.8 million. All of the shares issued and sold in the initial public offering were registered under the Securities Act pursuant to a Registration Statement on Form S-1 (File No. 333-224236), which was declared effective by the SEC on May 4, 2018.

NOTE 1 - BASIS OF PRESENTATION_

NOTE 1 - BASIS OF PRESENTATION: Business Description and Basis of Presentation (Policies)	3 Months Ended
	Mar. 31, 2018
Policies
Business Description and Basis of Presentation	BayCom Corp (the “Company”) is a bank holding company headquartered in Walnut Creek, California. United Business Bank (the “Bank”), the wholly owned banking subsidiary, is a California state-chartered bank which provides a broad range of financial services primarily to local small and mid-sized businesses, service professionals and individuals. In the 14 years of operation, the Bank has grown to 17 full service banking branches. The main office is located in Walnut Creek, California and our branch offices are located in Oakland, Castro Valley, Mountain View, Napa, Stockton (2), Pleasanton, Livermore, San Jose, Long Beach, Sacramento, San Francisco and Glendale, California, and Seattle, Washington (2) and Albuquerque, New Mexico. In addition, the Bank has one loan production office in Los Angeles, California. The condensed consolidated financial statements include the accounts of the Company and the Bank. All intercompany transactions and balances have been eliminated in consolidation. The condensed consolidated financial statements include all adjustments of a normal and recurring nature, which are, in the opinion of management, necessary for a fair presentation of the financial position and results of operations for the periods presented. The accompanying unaudited condensed consolidated financial statements have been prepared in accordance with the instructions to Form 10-Q and, therefore, do not include all information and footnotes normally included in annual financial statements prepared in conformity with accounting principles generally accepted in the United States of America. Accordingly, these condensed consolidated financial statements should be read in conjunction with the condensed consolidated audited financial statements and notes thereto for the year ended December 31, 2017. Results of operations for interim periods are not necessarily indicative of results for the full year. Certain prior year information has been reclassified to conform to current year presentation. The reclassifications had no impact on consolidated net earnings or shareholders’ equity.

NOTE 1 - BASIS OF PRESENTATIO21

NOTE 1 - BASIS OF PRESENTATION: Revenue Recognition, Policy (Policies)	3 Months Ended
	Mar. 31, 2018
Policies
Revenue Recognition, Policy	Revenue Recognition In accordance with Topic 606, revenues are recognized when control of promised goods or services is transferred to customers in an amount that reflects the consideration the Company expects to be entitled to in exchange for those goods or services. To determine revenue recognition for arrangements that an entity determines are within the scope of Topic 606, the Company performs the following five steps: (i) identify the contract(s) with a customer; (ii) identify the performance obligations in the contract; (iii) determine the transaction price; (iv) allocate the transaction price to the performance obligations in the contract; and (v) recognize revenue when (or as) the Company satisfies a performance obligation. The Company only applies the five-step model to contracts when it is probable that the entity will collect the consideration it is entitled to in exchange for the goods or services it transfers to the customer. At contract inception, once the contract is determined to be within the scope of Topic 606, the Company assesses the goods or services that are promised within each contract and identifies those that contain performance obligations and assesses whether each promised good or service is distinct. The Company then recognizes as revenue the amount of the transaction price that is allocated to the respective performance obligation when (or as) the performance obligation is satisfied. All of the Company’s revenue from contracts with customers in scope of ASC 606 is recognized in noninterest income and included in our commercial and consumer banking segment. For the three months ended March 31, 2018, the Company recognized $87,000 in deposit fees, and $53,000 in debit card interchange fees considered in scope of ASC 606, and $542,000 of noninterest income considered not in scope of ASC 606. On April 5, 2012, the JOBS Act was signed into law. The JOBS Act contains provisions that, among other things, reduce certain reporting requirements for qualifying public companies. As an “emerging growth company” we may delay adoption of new or revised accounting pronouncements applicable to public companies until such pronouncements are made applicable to private companies. We intend to take advantage of the benefits of this extended transition period. Accordingly, our condensed consolidated financial statements may not be comparable to companies that comply with such new or revised accounting standards.

NOTE 2_ ACCOUNTING STANDARDS 22

NOTE 2: ACCOUNTING STANDARDS RECENTLY ISSUED OR ADOPTED: New Accounting Pronouncements, Policy (Policies)	3 Months Ended
	Mar. 31, 2018
Policies
New Accounting Pronouncements, Policy	In May 2014, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) No. 2014-09, Revenue from Contracts with Customers In January 2016, the FASB issued ASU 2016-01, Financial Instruments-Overall: Recognition and Measurement of Financial Assets and Financial Liabilities (Subtopic 825-10) In February 2016, the FASB issued ASU 2016-02, Leases (Topic 842). The most significant change for lessees is the requirement under the new guidance to recognize right-of-use assets and lease liabilities for all leases not considered short-term leases, which is generally defined as a lease term of less than 12 months. This change will result in lessees recognizing right-of-use assets and lease liabilities for most leases currently accounted for as operating leases under current lease accounting guidance. The amendments in this ASU are effective for interim and annual periods beginning after December 15, 2018 for public business entities and one year later for all other entities. Early application of the amendments in the ASU is permitted. The Company is currently evaluating the effects of ASU 2016-02 on its financial statements and disclosures. Although an estimate of the impact of the new leasing standard has not yet been determined, upon adoption the Company expects to report increased assets and increased liabilities on its Consolidated Statements of Financial Condition as a result of recognizing right-of-use assets and lease liabilities related to certain banking offices and certain equipment under noncancelable operating lease agreements, however, based on current leases the adoption is not expected to have a material impact on the Company’s consolidated financial statements. In June 2016, the FASB issued ASU No. 2016-13, Measurement of Credit Losses on Financial Instruments (Topic 326) In January 2017, the FASB issued ASU No. 2017-04, Intangibles — Goodwill and Other (Topic 350) In February 2018, FASB issued ASU 2018-02, Income Statement - Reporting Comprehensive Income (Topic 220) In March 2018, FASB issued ASU No. 2018-05, Income Taxes (Topic 740)

Note 3 - ACQUISITION_ Business

Note 3 - ACQUISITION: Business Combinations Policy (Policies)	3 Months Ended
	Mar. 31, 2018
First ULB Corp
Business Combinations Policy	On April 28, 2017, to increase its market area, reduce net funding costs, and improve operating efficiency, the Company acquired all the assets and assumed all the liabilities of First ULB Corp. (“FULB”) and its subsidiary, United Business Bank, FSB. The Company added eight locations including seven full service branches on one loan production office. The branch offices are located in Oakland, San Jose, Sacramento, San Francisco, Glendale, California and Albuquerque, New Mexico and Tukwila, Washington. The loan production office is located in Los Angeles, California. The Company paid a total of $41.9 million comprised of cash of $19.0 million and 1,371,579 shares of its common stock at a price of $16.66 per share in exchange for all of the common shares outstanding of FULB. Each share of FULB common stock was converted into .9733 share of the Company’s common stock. As of the merger date, the fair value of FULB’s consolidated assets totaled approximately $473.1 million and deposits totaled approximately $428.0 million. The fair value of estimates are subject to change during the measurement period, after the acquisition date as additional information relative to the acquisition date fair values becomes available. The merger transaction is accounted for using the acquisition method of accounting for business combinations FASB ASC 805, Business Combinations. The net assets acquired and the liabilities assumed totaled approximately $32.8 million at the date of merger. The Company also assumed the Floating Rate Junior Subordinated Deferrable Interest Debentures issued by FULB (the ”Subordinated Debentures”) which are held by the First ULB Statutory Trust 1 (the “Trust”) and the lease obligation related to each facility.
Plaza Bank
Business Combinations Policy	On November 3, 2017, to enhance its market share in the state of Washington, the Company acquired Plaza Bank (“Plaza Bank”) adding one branch office located in Seattle, Washington. The Company issued 626,381 shares of its common stock at a price of $19.10 per share in exchange for the all of the common shares outstanding of Plaza Bank. Each share of Plaza Bank’s common stock outstanding was converted into .084795 share of the Company’s common stock. As of the merger date, the fair value of Plaza Bank’s assets totaled approximately $75.8 million and deposits totaled approximately $54.2 million. The fair value of estimates are subject to change during the measurement period, after the acquisition date as additional information relative to the acquisition date fair values becomes available. The merger transaction is accounted for using the acquisition method of accounting for business combinations FASB ASC 805, Business Combinations. The net assets acquired and the liabilities assumed totaled approximately $10.8 million at the date of merger. The Company assumed the lease obligation related to the branch facility.

Note 3 - ACQUISITION_ Acquisiti

Note 3 - ACQUISITION: Acquisition Loans (Policies)	3 Months Ended
	Mar. 31, 2018
Policies
Acquisition Loans	Loans The Company engaged a third party to determine the fair value of loans. The fair values for acquired loans were calculated using a discounted cash flow analysis based on the present value of the expected cash flows utilizing market-derived discount rates and certain assumptions related to expected cash flows including prepayment estimates adjusted based on loan type and seasoning, and probability of default and loss severity. For purchased non-credit impaired (“PNCI”) loans, the total gross contractual amounts receivable was $379.1 million as of the acquisition date. For purchased credit impaired (“PCI”) loans, the total contractual amounts receivable was $8.6 million as of the date of acquisition. The f a The PNCI loans with similar characteristics were grouped together and were treated in the aggregate when applying the discount rate on the expected cash flows. Aggregation factors considered include the type of loan and related collateral, risk classification, fixed or variable interest rate, term of loan and whether or not the loan was amortizing. The discount rates used for the similar groups of loans are based on current market rates for new originations of comparable loans, where available, and include adjustments for credit and liquidity factors. In addition, the guarantee of certain retained U.S. Small Business Administration (“SBA”) guaranteed loans is reflected in the fair value. At the acquisition date, the contractual amount and timing of undiscounted principal and interest payments and the estimated the amount and timing of undiscounted expected principal and interest payments was used to estimate the fair value of PCI loans. The difference between these two amounts represented the nonaccretable difference. On the acquisition date, the amount by which the undiscounted expected cash flows exceed the estimated fair value of the acquired loans is the “accretable yield”. The accretable yield is then measured at each financial reporting date and represented the difference between the remaining undiscounted expected cash flows and the current carrying value of the loans. For PCI loans the accretable yield is accreted into interest income over the life of the estimated remaining cash flows. At each financial reporting date, the carrying value of each PCI loan is compared to an updated estimate of expected principal payment or recovery on each loan. To the extent that the loan carrying amount exceeds the updated expected principal payment or recovery, a provision of loan loss would be recorded as a charge to income and an allowance for loan loss established. The following table reflects contractual cash flows, nonaccretable difference, accretable yield, fair value, purchase discount, and principal balance for the various loan categories as of the acquisition date. For PCI loans, the purchase discount does not necessarily represent cash flows to be collected as a portion of it is a nonaccretable difference: Credit-impaired Non-credit loans impaired loans Total (Dollars in thousands) Contractually required payments $8,577 $379,144 $387,721 Less: nonaccretable difference (966) - (966) Cash flows expected to be collected (undiscounted) 7,611 379,144 386,755 Accretable yield (322) (5,097) (5,419) Fair value of purchased loans $7,289 $374,047 $381,336

Note 3 - ACQUISITION_ Acquired

Note 3 - ACQUISITION: Acquired Real Estate Investment (Policies)	3 Months Ended
	Mar. 31, 2018
Policies
Acquired Real Estate Investment	Real Estate Investment The acquisition of FULB includes the acquisition of a real estate investment. The real estate was sold after the merger resulting in a fair value adjustment equal to the sale price net of closing expenses.

Note 3 - ACQUISITION_ Acquire26

Note 3 - ACQUISITION: Acquired Servicing Assets (Policies)	3 Months Ended
	Mar. 31, 2018
Policies
Acquired Servicing Assets	Servicing Assets The acquisition of FULB included the acquisition of loans serviced for others including the SBA. The fair value of the servicing assets were calculated based on the net present value of the servicing income stream using a market-derived discount rate and estimated expected cash flows based on the estimated life of the underlying loans less the estimated cost of servicing plus a normal profit.

Note 3 - ACQUISITION_ Acquire27

Note 3 - ACQUISITION: Acquired Core Deposit Intangible (Policies)	3 Months Ended
	Mar. 31, 2018
Policies
Acquired Core Deposit Intangible	Core Deposit Intangible The core deposit intangible asset, with an estimated acquisition date fair value of $4.8 million, represents the value ascribed to the long-term deposit relationships acquired and is being amortized over an estimated average useful life of seven years. Retention rates used to arrive at fair values are based on historical attrition analysis of other comparable financial institution’s and management’s assumptions. Generally, a run-off of 5% from beginning balances is assumed for all account types in the first and second year and includes a deposit growth rate of 1%. The core deposit intangible is estimated not to have a significant residual value.

Note 3 - ACQUISITION_ Acquire28

Note 3 - ACQUISITION: Acquired Deposits (Policies)	3 Months Ended
	Mar. 31, 2018
Policies
Acquired Deposits	Deposits

Note 3 - ACQUISITION_ Acquire29

Note 3 - ACQUISITION: Acquired Subordinated Debentures (Policies)	3 Months Ended
	Mar. 31, 2018
Policies
Acquired Subordinated Debentures	Subordinated Deferrable Interest Debentures The Subordinated Debentures total of $6.4 million had a fair value of $5.4 million. The fair value adjustment of $1,045,000 for the Subordinated Debentures is equal to the discounted cash flow that applied interest rates offered by market participants as of the acquisition date.

Note 3 - ACQUISITION_ Acquire30

Note 3 - ACQUISITION: Acquired Pro Forma Results of Operations (Policies)	3 Months Ended
	Mar. 31, 2018
Policies
Acquired Pro Forma Results of Operations	Pro Forma Results of Operations The operating results of the Company for the year ended December 31, 2017 and 2016 include the operating results of FULB and Plaza Bank since their respective acquisition dates. The following table represents the net interest and other income, basic earnings per share and diluted earning per share as if the acquisition with FULB and Plaza Bank were effective as of January 1, 2017 and 2016 for the respective year in which each acquisition was closed. The unaudited pro forma information in the following table is intended for informational purposes only and is not necessarily indicative of our future operating results for operating results that would have occurred had the mergers been completed at the beginning of each respective year. No assumptions have been applied to the pro forma results of operation regarding possible revenue enhancements, expense efficiencies or asset dispositions.

NOTE 4 - Investments Availabl31

NOTE 4 - Investments Available for Sale: Unrealized Loss Position Securities (Policies)	3 Months Ended
	Mar. 31, 2018
Policies
Unrealized Loss Position Securities	At March 31, 2018, there were five securities in an unrealized loss position for greater than twelve consecutive months. At the same time, there were 60 securities in an unrealized loss position for twelve or less than twelve consecutive months. At December 31, 2017, there was one security in an unrealized loss position for greater than 12 consecutive months, and there were 48 securities in an unrealized loss position for less than 12 consecutive months. Management periodically evaluates each security in an unrealized loss position to determine if the impairment is temporary or other-than-temporary. The unrealized losses are due solely to interest rate changes and the Company does not intend to sell nor expects it will be required to sell investment securities identified with impairments prior to the earliest of forecasted recovery or the maturity of the underlying investment security. Management has determined that no investment security was other-than-temporarily impaired at March 31, 2018 and December 31, 2017.

NOTE 5 - LOANS_ Impaired Financ

NOTE 5 - LOANS: Impaired Financing Receivable, Policy (Policies)	3 Months Ended
	Mar. 31, 2018
Policies
Impaired Financing Receivable, Policy	The amount of interest on impaired loans not collected for the quarters ended March 31, 2018 and 2017 was zero.

NOTE 5 - LOANS_ Loans and Lease

NOTE 5 - LOANS: Loans and Leases Receivable, Nonaccrual Loan and Lease Status, Policy (Policies)	3 Months Ended
	Mar. 31, 2018
Policies
Loans and Leases Receivable, Nonaccrual Loan and Lease Status, Policy	Nonaccrual loans totaled $229,000 and $179,000 as of March 31, 2018 and December 31, 2017, respectively. Impaired loans on accrual are loans that have been restructured and are performing under modified loan agreements, and principal and interest is determined to be collectible. Nonaccrual loans are loans where principal and interest have been determined to not be fully collectible.

NOTE 5 - LOANS_ Loans and Lea34

NOTE 5 - LOANS: Loans and Leases Receivable, Troubled Debt Restructuring Policy (Policies)	3 Months Ended
	Mar. 31, 2018
Policies
Loans and Leases Receivable, Troubled Debt Restructuring Policy	There were no commitments for additional funding of TDR loans as of March 31, 2018. There were no payment defaults during the three months ended March 31, 2018 that were related to receivables modified as TDR in the last three months. As of March 31, 2018, there were no loans modified within the previous twelve months and for which there was a payment default during the period.

NOTE 8 - EQUITY INCENTIVE PLA35

NOTE 8 - EQUITY INCENTIVE PLANS: 2017 Omnibus Equity Incentive Plan (Policies)	3 Months Ended
	Mar. 31, 2018
Policies
2017 Omnibus Equity Incentive Plan	2017 Omnibus Equity Incentive Plan The shareholders approved the Omnibus Equity Incentive Plan (“2017 Plan”) in November 2017. The 2017 Plan provides for the awarding by the Company’s Board of Directors of equity incentive awards to employees and non-employee directors. An equity incentive award may be an option, stock appreciation rights, restricted stock units, stock award, other stock-based award or performance award granted under the 2017 Plan. Factors considered by the Board in awarding equity incentives to officers and employees include the performance of the Company, the employee’s or officer’s job performance, the importance of his or her position, and his or her contribution to the organization’s goals for the award period. Generally, awards are restricted and have a vesting period of no longer than ten years. Subject to adjustment as provided in the 2017 Plan, the maximum number of shares of common stock that may be delivered pursuant to awards granted under the 2017 Plan is 450,000 . The 2017 Plan provides for an annual restricted stock grant limits to officers, employees and directors. The annual stock grant limit per person for officers and employees is the lessor of 50,000 shares or a value of $2.0 million, and per person for directors the maximum is 25,000 shares. All unvested restricted shares outstanding vest in the event of a change in control of the Company. During the three months ended March 31, 2018, 15,232 shares of restricted stock were awarded and no stock options were granted. Awarded shares of restricted stock vest over (i) a one-year period following the date of grant, in the case of the non-employee directors, and (ii) a three-year period following the date of grant, with the initial vesting occurring on the one-year anniversary of the date of grant, in the case of the executive officers.

NOTE 8 - EQUITY INCENTIVE PLA36

NOTE 8 - EQUITY INCENTIVE PLANS: 2014 Omnibus Equity Incentive Plan (Policies)	3 Months Ended
	Mar. 31, 2018
Policies
2014 Omnibus Equity Incentive Plan	2014 Omnibus Equity Incentive Plan In 2014, the shareholders approved the Omnibus Equity Incentive Plan (the “2014 Plan”). A total of 148,962 equity incentive awards have been granted under the 2014 Plan. The awards are shares of restricted stock and have a vesting period of one to five years. No future equity awards will be made from the 2014 Plan. The Company recognizes compensation expense for the restricted stock awards based on the fair value of the shares at the award date. For the three months ended March 31, 2018 and 2017, total compensation expense for these plans was $146,200 and $91,600, respectively. As of March 31, 2018, there was $1.1 million of total unrecognized compensation cost related to non-vested shares granted as restricted stock awards. The cost is expected to be recognized over the remaining weighted-average vesting period of approximately two years.

NOTE 9 - EARNINGS PER SHARE C37

NOTE 9 - EARNINGS PER SHARE CALCULATION: Earnings Per Share, Policy (Policies)	3 Months Ended
	Mar. 31, 2018
Policies
Earnings Per Share, Policy	Earnings per common share (“EPS”) are computed based on the weighted average number of common shares outstanding during the period. Basic EPS excludes dilution and is computed by dividing net earnings available to common stockholders by the weighted average of common shares outstanding. Diluted EPS reflects the potential dilution that could occur if securities or other contracts to issue common stock were exercised or converted into common stock. The number of potential common shares included in the quarterly diluted EPS is computed using the average market price during the three months included in the reporting period under the treasury stock method. The number of potential common shares included in year-to-date diluted EPS is a year-to-date weighted average of potential shares included in each quarterly diluted EPS computation. Dilutive income per share includes the effect of stick options and other potentially dilutive securities using the treasury stock method. There two forms of outstanding common stock and unvested restricted stock rewards. Holders of unvested restricted stock awards receive non-forfeitable dividends at the same rate as common shareholders and they both share equally in undistributed earnings. Under the two-class method, the inference in EPS is not significant for these participating securities. stock awards All common stock equivalents are anti-dilutive when a net loss occurs.

NOTE 10 - FAIR VALUE MEASUREM38

NOTE 10 - FAIR VALUE MEASUREMENT: Fair Value Measurement, Policy (Policies)	3 Months Ended
	Mar. 31, 2018
Policies
Fair Value Measurement, Policy	The following table Level 1 Level 2 Level 3 In certain cases, the inputs used to measure fair value may fall into different levels of the hierarchy. In such cases, the lowest level of inputs that is significant to the measurement is used to determine the hierarchy for the entire asset or liability. Transfers between levels of the fair value hierarchy are recognized on the actual date of the event or circumstances that caused the transfer, which generally coincides with our quarterly valuation process. There were no transfers between levels during 2018 or 2017.

NOTE 10 - FAIR VALUE MEASUREM39

NOTE 10 - FAIR VALUE MEASUREMENT: Fair Values of Financial Instruments (Policies)	3 Months Ended
	Mar. 31, 2018
Policies
Fair Values of Financial Instruments	Fair Values of Financial Instruments. There have been no significant changes in valuation techniques during the periods reported. The following methods and assumptions were used to estimate the fair value disclosure for financial instruments: Cash and cash equivalents - Cash and cash equivalents include cash and due from banks, interest bearing deposits in banks, and Fed funds sold, and are valued at their carrying amounts because of the short-term nature of these instruments. Interest bearing deposits in financial institutions - Interest bearing deposits in financial institutions are valued based on quoted interest rates for comparable instruments with similar remaining maturities. Investment Securities - The fair value of available of sale securities are based on quoted market prices, where available. If quoted market prices are not available, fair values are estimated using quoted market prices for similar securities and indications of value provides by brokers. Other equity securities - The carrying value of the FHLB and FRB stock approximates the fair value because the stock is redeemable at par. Loans – Loans with variable interest rates are valued at the current carrying value, because these loans are regularly adjusted to market rates. The fair value of fixed rate with remaining maturities in excess of one year is estimated by discounting the future cash flows using current rates at which similar loans would be made to borrowers with similar credit ratings for the same remaining maturities. The allowance for loan losses is considered to be a reasonable estimate of the loan discount related to credit risk. Accrued interest receivable and payable - The accrued interest receivable and payable balance approximates its fair value. Deposits - The fair value of non-interest bearing deposits, interest bearing transaction accounts and savings accounts is the amount payable on demand at the reporting date. The fair value of time deposits is estimated by discounting the future cash flows using current rates offered for deposits of similar remaining maturities. Other borrowings - The fair value is estimated by discounting the future cash flows using current rates offered for similar borrowings. The discount rate is equal to the market rate of currently offered similar products. This is an adjustable rate borrowing and adjusts to market on a quarterly basis. Junior Subordinated Deferrable Interest Debentures - The fair value of the Subordinated Debentures is determined based on rates and/or discounted cash flow analysis using interest rates offered in inactive markets for instruments of a similar maturity and structure resulting in a Level 3 classification. The Subordinated Debentures are carried at their current carrying value, because the Subordinated Debentures regularly adjust to market rates. Undisbursed loan commitments and standby letters of credit - The fair value of the off-balance sheet items is based on discounted cash flows of expected fundings. Loans held for sale - Loans held for sale are carried at the lower of cost or fair value. The fair value of loans held for sale is based on what the secondary markets are currently offering for loans with similar characteristics. As such, the Bank classifies those loans subjected to nonrecurring fair value adjustments as Level 2. Non-financial assets and liabilities defined by the FASB ASC 820, Fair Value measurements, such as Bank premises and equipment, deferred taxes, and other liabilities are excluded from the table. In addition, we have not disclosed the fair value of financial instruments specifically.

NOTE 11 - SUBSEQUENT EVENTS_ Su

NOTE 11 - SUBSEQUENT EVENTS: Subsequent Events, Policy (Policies)	3 Months Ended
	Mar. 31, 2018
Policies
Subsequent Events, Policy	On May 8, 2018, the Company completed an initial public offering of 3,278,900 shares of common stock at a price to the public of $22.00 per share, including 427,682 shares pursuant to the full exercise by the underwriters of their option to purchase additional shares of common stock from the Company. Net proceeds to the Company were approximately $66.8 million. All of the shares issued and sold in the initial public offering were registered under the Securities Act pursuant to a Registration Statement on Form S-1 (File No. 333-224236), which was declared effective by the SEC on May 4, 2018.

Note 3 - ACQUISITION_ Schedule

Note 3 - ACQUISITION: Schedule of Business Acquisitions, by Acquisition (Tables)	3 Months Ended
	Mar. 31, 2018
Tables/Schedules
Schedule of Business Acquisitions, by Acquisition	The following table summarizes the fair value of the assets acquired and liabilities assumed at the acquisition date: FULB Plaza Bank Acquisition Acquisition Date Date April 28, 2017 November 3, 2017 (Dollars in thousands) Fair value of Assets: Cash and due from Banks $27,992 $1,124 Federal funds sold 75,037 - Total cash and cash equivalents 103,029 1,124 Investment securities 30,241 5,772 FHLB stock 2,087 493 Loans 315,970 65,366 Core deposit intangible 4,435 385 Deferred tax asset, including refunds (164) 2,070 Servicing asset 1,282 - BOLI 6,428 - Other assets 9,831 630 Total assets acquired 473,139 75,840 Liabilities: Deposits Noninterest bearing 152,842 17,256 Interest bearing 275,175 36,923 Total deposits 428,017 54,179 Salary continuation plan 764 - Other borrowings 10,775 10,467 Other liabilities 812 350 Total liabilities assumed 440,368 64,996 Common stock issued 22,860 11,964 Cash consideration 19,037 119 Goodwill $9,126 $1,239

Note 3 - ACQUISITION_ Busines42

Note 3 - ACQUISITION: Business Combination, Segment Allocation (Tables)	3 Months Ended
	Mar. 31, 2018
Tables/Schedules
Business Combination, Segment Allocation	The following table presents the net assets acquired and the estimated fair value adjustments, which resulted in Goodwill at the acquisition date: FULB Plaza Bank Acquisition Acquisition Date Date April 28, 2017 November 3, 2017 (Dollars in thousands) Book value of net assets acquired $29,321 $8,107 Fair value adjustments: Loans 636 386 Write-down on real estate investment (262) - Time-deposits - (74) Other borrowings - (30) Trust preferred securities 1,045 - Core deposit intangible 4,435 385 Deferred tax assets (2,404) 2,070 Total purchase accounting adjustments 3,450 2,737 Fair value of net assets acquired 32,771 10,844 Common stock issued 22,860 11,964 Cash paid 19,037 119 Total price paid 41,897 12,083 Goodwill $9,126 $1,239

Note 3 - ACQUISITION_ Acquisi43

Note 3 - ACQUISITION: Acquisition Loans: Contractual Cash Flows, Nonaccretable Difference, Accretable Yield, Fair Value, Purchase Discount, and Principal Balance (Tables)	3 Months Ended
	Mar. 31, 2018
Tables/Schedules
Contractual Cash Flows, Nonaccretable Difference, Accretable Yield, Fair Value, Purchase Discount, and Principal Balance	The following table reflects contractual cash flows, nonaccretable difference, accretable yield, fair value, purchase discount, and principal balance for the various loan categories as of the acquisition date. For PCI loans, the purchase discount does not necessarily represent cash flows to be collected as a portion of it is a nonaccretable difference: Credit-impaired Non-credit loans impaired loans Total (Dollars in thousands) Contractually required payments $8,577 $379,144 $387,721 Less: nonaccretable difference (966) - (966) Cash flows expected to be collected (undiscounted) 7,611 379,144 386,755 Accretable yield (322) (5,097) (5,419) Fair value of purchased loans $7,289 $374,047 $381,336

Note 3 - ACQUISITION_ Busines44

Note 3 - ACQUISITION: Business Acquisition, Pro Forma Information (Tables)	3 Months Ended
	Mar. 31, 2018
Tables/Schedules
Business Acquisition, Pro Forma Information	The contribution of the acquired operations from FULB and Plaza to our results of operations for the 2017 is as follows: Proforma Proforma 2017 2016 (Dollars in thousands) Net interest income $47,656 $44,635 Net income 4,387 9,380 Basic earnings per share $0.59 $1.27 Diluted earnings per share 0.59 1.26

Note 3 - ACQUISITION_ Busines45

Note 3 - ACQUISITION: Business Acquisition, Integration, Restructuring and Other Related Costs (Tables)	3 Months Ended
	Mar. 31, 2018
Tables/Schedules
Business Acquisition, Integration, Restructuring and Other Related Costs	Acquisition-related expenses are recognized as incurred and continue until all systems are converted and operational functions become fully integrated. We incurred third-party acquisition-related expenses in the following line items in the statement of income for the year ended December 31, 2017 as follows: FULB Plaza Total (Dollars in thousands) Acquisition related expenses in 2017 Professional fees $349 $225 $574 Data processing 1,586 855 2,441 Severance expense 212 75 287 Other 120 54 174 Total $2,267 $1,209 $3,476

NOTE 4 - Investments Availabl46

NOTE 4 - Investments Available for Sale: Amortized cost and carrying values of securities available-for-sale (Tables)	3 Months Ended
	Mar. 31, 2018
Tables/Schedules
Amortized cost and carrying values of securities available-for-sale	The amortized cost and estimated fair values of securities available-for-sale at March 31, 2018 and December 31, 2017 are as follows: Gross Gross Amortized Unrealized Unrealized Fair cost gains losses value (Dollars in thousands) March 31, 2018 Municipal securities $15,859 $74 $(201) $15,732 Mortgage-backed securities 9,593 98 (101) 9,590 Collateralized mortgage obligations 1,104 - (6) 1,098 U.S. Government Agencies 4,989 - (21) 4,968 SBA securites 5,342 64 (5) 5,401 $36,887 $236 $(334) $36,789 Gross Gross Amortized Unrealized Unrealized Fair cost gains losses value (Dollars in thousands) December 31, 2017 Municipal securities $15,910 $182 $(45) $16,047 Mortgage-backed securities 9,621 143 (24) 9,740 Collateralized mortgage obligations 1,758 1 (9) 1,750 U.S. Government Agencies 6,984 - (13) 6,971 SBA securites 5,929 78 (10) 5,997 $40,202 $404 $(101) $40,505

NOTE 4 - Investments Availabl47

NOTE 4 - Investments Available for Sale: Available-for-sale Securities, Continuous Unrealized Loss Position, Fair Value (Tables)	3 Months Ended
	Mar. 31, 2018
Tables/Schedules
Available-for-sale Securities, Continuous Unrealized Loss Position, Fair Value	The gross unrealized losses of the available-for-sale investment securities portfolio are summarized according to the duration of the loss period as of March 31, 2018 and December 31, 2017 are as follows: Less than 12 months 12 months or more Total Estimated Unrealized Estimated Unrealized Estimated Unrealized March 31, 2018 Fair Value Loss Fair Value Loss Fair Value Loss (Dollars in thousands) Municipal securities $11,965 $(195) $265 $(6) $12,230 $(201) Mortgage-backed securities 7,116 (101) 28 - 7,144 (101) Collateralized mortgage obligations 1,075 (6) - - 1,075 (6) U.S. Government Agencies 4,976 (21) - - 4,976 (21) SBA securities 141 - 791 (5) 932 (5) Total $25,273 $(323) $1,084 $(11) $26,357 $(334) Less than 12 months 12 months or more Total Estimated Unrealized Estimated Unrealized Estimated Unrealized December 31, 2017 Fair Value Loss Fair Value Loss Fair Value Loss (Dollars in thousands) Municipal securities $4,011 $(39) $267 $(6) $4,278 $(45) Mortgage-backed securities 4,075 (24) - - 4,075 (24) Collateralized mortgage obligations 1,201 (9) - - 1,201 (9) U.S. Government Agencies 6,981 (13) - - 6,981 (13) SBA securities 1,245 (10) - - 1,245 (10) Total $17,513 $(95) $267 $(6) $17,780 $(101)

NOTE 4 - Investments Availabl48

NOTE 4 - Investments Available for Sale: Investments Classified by Contractual Maturity Date (Tables)	3 Months Ended
	Mar. 31, 2018
Tables/Schedules
Investments Classified by Contractual Maturity Date	The amortized cost and estimated fair value of available-for-sale debt securities as of March 31, 2018 by contractual maturity are shown below. Expected maturities may differ from contractual maturities because borrowers may have the right to call or prepay obligations with or without call or prepayment penalties. Amortized Fair Cost Value (Dollars in thousansd) Available-for-sale: Due in one year or less $3,248 $3,242 Due after one through five years 7,425 7,991 Due after five years through ten years 16,089 14,846 Due after ten years 10,125 10,710 $36,887 $36,789

NOTE 5 - LOANS_ Schedule of Acc

NOTE 5 - LOANS: Schedule of Accounts, Notes, Loans and Financing Receivable (Tables)	3 Months Ended
	Mar. 31, 2018
Tables/Schedules
Schedule of Accounts, Notes, Loans and Financing Receivable	Loans are summarized as follows at March 31, 2018 and December 31, 2017: March 31, December 31, 2018 2017 (Dollars in thousands) Commercial and industrial $115,144 $113,801 Construction and land 28,353 22,720 Commercial real estate 662,909 669,150 Residential real estate 84,508 84,781 Consumer 97 1,096 Gross loans 891,011 891,548 Net deferred loan fees (432) (469) Allowance for loan losses (4,600) (4,215) Net loans $885,979 $886,864

NOTE 5 - LOANS_ Impaired Fina50

NOTE 5 - LOANS: Impaired Financing Receivables (Tables)	3 Months Ended
	Mar. 31, 2018
Tables/Schedules
Impaired Financing Receivables	As of March 31, 2018, and December 31, 2017 the Company’s impaired or non-accrual originated and PCI loans have a related allowance for loss as follows: Unpaid Average Recorded Principal Related Recorded Income Investment Balance Allowance Investment Recognized (Dollars in thousands) March 31, 2018 With no related allowance recorded: Commercial and industrial $- $- $- $- $- Construction and land - - - - - Commercial real estate 866 866 - 890 10 Residential 132 132 - 132 - Consumer - - - - - With an allowance recorded: Commercial and industrial 11 11 11 11 - Construction and land - - - - - Commercial real estate - - - - - Residential - - - - - Consumer - - - - - Unpaid Average Recorded Principal Related Recorded Income Investment Balance Allowance Investment Recognized (Dollars in thousands) December 31, 2017 With no related allowance recorded: Commercial and industrial $- $- $- $- $- Construction and land - - - - - Commercial real estate 1,120 1,228 - 1,147 56 Residential - - - - - Consumer - - - - - With an allowance recorded: Commercial and industrial 13 13 13 13 2 Construction and land Commercial real estate - - - - - Residential - - - - - Consumer - - - - -

NOTE 5 - LOANS_ Schedule of Fin

NOTE 5 - LOANS: Schedule of Financing Receivables, Non Accrual Status (Tables)	3 Months Ended
	Mar. 31, 2018
Tables/Schedules
Schedule of Financing Receivables, Non Accrual Status	The following table presents non-accrual loans for the periods ending March 31, 2018 and December 31, 2017: March 31, December 31, 2018 2017 (Dollars in thousands) Commercial & industrial $11 $13 Construction and land - - Commercial real estate 86 166 Residential 132 - Consumer - - Total non-accrual loans $229 $179

NOTE 5 - LOANS_ Troubled Debt R

NOTE 5 - LOANS: Troubled Debt Restructurings on Financing Receivables (Tables)	3 Months Ended
	Mar. 31, 2018
Tables/Schedules
Troubled Debt Restructurings on Financing Receivables	The following table presents loans by class modified as troubled debt restructuring (“TDR”) including any subsequent defaults during the period ending March 31, 2018 and December 31, 2017: March 31, December 31, 2018 2017 (Dollars in thousands) Commercial and industrial $11 $13 Construction and land - - Commercial real estate 780 1,032 Residential - - Consumer - - Total TDR's $791 $1,045

NOTE 5 - LOANS_ Purchase Credit

NOTE 5 - LOANS: Purchase Credit Impaired Loans ("PCI") Loans (Tables)	3 Months Ended
	Mar. 31, 2018
Tables/Schedules
Purchase Credit Impaired Loans ("PCI") Loans	Purchase Credit Impaired Loans As part of acquisitions, the Company has purchased loans, some of which have shown evidence of credit deterioration since origination and it is probable at the acquisition that all contractually requirement payments would not be collected. The carrying amount and unpaid balance of PCI loans are as follows: March 31,2018 December 31,2017 Unpaid Unpaid Principal Carrying Principal Carrying Balance Value Balance Value (Dollars in thousands) Commercial and industrial $139 $3 $149 $2 Construction and land - - - - Commercial real estate 16,321 13,765 17,268 14,313 Residential - - - - Consumer - - - - Total purchased credit impaired loans $16,460 $13,768 $17,417 $14,315

NOTE 5 - LOANS_ Allowance for C

NOTE 5 - LOANS: Allowance for Credit Losses on Financing Receivables (Tables)	3 Months Ended
	Mar. 31, 2018
Tables/Schedules
Allowance for Credit Losses on Financing Receivables	The following tables summarize the Company’s allowance for loan losses for the three months ended March 31, 2018: As of and For the Three Months Ended March 31, 2018 Commercial Construction Commercial and Industrial and Land Real Estate Residential Consumer Unallocated Total (Dollars in thousands) Allowance for loan losses Allowance for loan losses $841 $199 $2,620 $150 $3 $402 $4,215 Charge-offs - - - - - - - Recoveries 131 - - - - - 131 Provision for loan losses 33 52 162 10 (3) - 254 Allowance for loan losses $1,005 $251 $2,782 $160 $- $402 $4,600 Allowance for loan losses related to: Loans individually evaluated for impairment $11 $- $- $- $- $- $11 Loans collectively evaluated for impairment 994 251 2,782 160 - 402 4,589 PCI loans - - - - - - - Balance of loans: Invidually evaluated for impairment 11 - 866 132 - - 1,009 Collectively evaluated for impairment 115,131 28,354 649,816 83,086 97 - 876,484 PCI loans 3 - 12,475 1,290 - - 13,768 Balance of loans collectively evaluated for impairment 115,134 28,354 662,291 84,376 97 - 890,252 Total $115,145 $28,354 $663,157 $84,508 $97 $- $891,261 The following table summarizes the Company’s allowance for loan losses for the year ended December 31, 2017 and the three months ended March 31, 2017: December 31, 2017 Commercial Construction Commercial and Industrial and Land Real Estate Residential Consumer Unallocated Total (Dollars in thousands) Allowance for loan losses: Allowance for loan losses $1,011 $287 $2,105 $151 $4 $217 $3,775 Charge-offs (63) - (3) - (1) - (67) Recoveries 45 - - - - - 45 Provision for loan losses (152) (88) 593 (1) - 110 462 Allowance for loan losses $841 $199 $2,695 $150 $3 $327 $4,215 Allowance for loan losses related to: Loans individually evaluated for impairment $13 $- $- $- $- $- $13 Loans collectively evaluated for impairment 828 199 2,695 150 3 327 4,202 PCI loans - - - - - - - Balance of loans: Invidually evaluated for impairment 13 - 1,120 - - - 1,133 Collectively evaluated for impairment 114,357 22,720 657,686 83,486 1,096 - 879,345 PCI loans 3 - 13,017 1,295 - - 14,315 Balance of loans collectively evaluated for impairment 114,360 22,720 670,703 84,781 1,096 - 893,660 Total $114,373 $22,720 $671,823 $84,781 $1,096 $- $894,793 March 31, 2017 Commercial Construction Commercial and Industrial and Land Real Estate Residential Consumer Unallocated Total (Dollars in thousands) Allowance for loan losses Allowance for loan losses $1,011 $287 $2,105 $151 $4 $217 $3,775 Charge-offs - - (3) - - - (3) Recoveries 10 - - - - - 10 Provision for loan losses (84) (8) 245 (12) (2) 4 143 Allowance for loan losses $937 $279 $2,347 $139 $2 $221 $3,925 Allowance for loan losses related to: Loans individually evaluated for impairment $25 $- $- $- $- $- $25 Loans collectively evaluated for impairment 912 279 2,347 139 2 221 3,900 PCI loans - - - - - - Balance of loans: Invidually evaluated for impairment 268 - 724 - - - 992 Collectively evaluated for impairment 73,464 20,878 403,015 27,977 1,125 - 526,459 PCI loans 2 - 6,624 1,457 - - 8,083 Balance of loans collectively evaluated for impairment 73,466 20,878 409,639 29,434 1,125 - 534,542 Total $73,734 $20,878 $410,363 $29,434 $1,125 $- $535,534

NOTE 5 - LOANS_ Past Due Financ

NOTE 5 - LOANS: Past Due Financing Receivables (Tables)	3 Months Ended
	Mar. 31, 2018
Tables/Schedules
Past Due Financing Receivables	The following table provides an aging of the Company's loan receivable as of March 31, 2018 and December 31, 2017: Recorded Greater Investment > 30-59 Days 60-89 Days Than Total Past Total Loans 90 Days and Past Due Past Due 90 Days Due Current PCI Loans Receivable Accruing (Dollars in thousands) March 31, 2018 Commercial and industrial $149 $95 $- $244 $114,898 $3 $115,144 $- Construction and land - - - - 28,354 - 28,354 - Commercial real estate 1,222 - - 1,222 649,460 12,475 663,158 - Residential 132 - - 132 83,086 1,290 84,508 - Consumer 3 - - 3 94 - 97 - Total $1,506 $95 $- $1,601 $875,892 $13,768 $891,261 $- December 31, 2017 Commercial and industrial $96 $- $- $96 $114,274 $3 $114,373 $- Construction and land - - - - 22,720 - 22,720 - Commercial real estate 1,446 - - 1,446 657,360 13,017 671,823 - Residential 349 - - 349 83,137 1,295 84,781 - Consumer 3 - - 3 1,093 - 1,096 - Total $1,894 $- $- $1,894 $878,584 $14,315 $894,793 $-

NOTE 5 - LOANS_ Financing Recei

NOTE 5 - LOANS: Financing Receivable Credit Quality Indicators (Tables)	3 Months Ended
	Mar. 31, 2018
Tables/Schedules
Financing Receivable Credit Quality Indicators	The following tables represent the internally assigned grade by class of loans as of March 31, 2018 and December 31, 2017: Special Total March 31, 2018 Pass Mention Substandard Doubtful loans (Dollars in thousands) Commercial and industrial $110,354 $781 $4,010 $- $115,145 Construction and land 25,466 - 2,887 - 28,353 Commercial real estate 655,931 3,765 3,462 - 663,158 Residential real estate 84,376 - 132 - 84,508 Consumer loans 97 - - - 97 Totals $876,224 $4,545 $10,491 $- $891,261 Special December 31, 2017 Pass Mention Substandard Doubtful Total (Dollars in thousands) Commercial and industrial $112,650 $807 $916 $- $114,373 Construction and land 19,833 - 2,887 - 22,720 Commercial real estate 664,551 4,058 3,214 - 671,823 Residential real estate 84,781 - - - 84,781 Consumer loans 1,096 - - - 1,096 Total $882,911 $4,865 $7,017 $- $894,793

NOTE 8 - EQUITY INCENTIVE PLA57

NOTE 8 - EQUITY INCENTIVE PLANS: Schedule of Nonvested Restricted Stock Units Activity (Tables)	3 Months Ended
	Mar. 31, 2018
Tables/Schedules
Schedule of Nonvested Restricted Stock Units Activity	The following table provides a summary of changes in non-vested restricted stock awards for the three months ended March 31, 2018: For the Three Months Ended March 31, 2018 Weighted- Average Grant Date Shares Fair Value Non-vested at January 1, 2018 67,481 $13.51 Granted 15,232 19.45 Vested (8,706) 13.40 Non-vested at March 31, 2018 74,007 Expected to vest assuming no forfeiture over the vesting term 74,007 The following table provides a summary of changes in non-vested restricted stock awards for the three months ended March 31, 2017: For the Three Months Ended March 31, 2017 Weighted-Average Grant Date Shares Fair Value Non-vested at January 1, 2017 68,650 $11.51 Granted 16,865 14.86 Vested (5,333) 12.47 Non-vested at March 31, 2017 80,182 Expected to vest assuming a no forfeiture over the vesting term 80,182

NOTE 9 - EARNINGS PER SHARE C58

NOTE 9 - EARNINGS PER SHARE CALCULATION: Schedule of Earnings Per Share, Basic and Diluted (Tables)	3 Months Ended
	Mar. 31, 2018
Tables/Schedules
Schedule of Earnings Per Share, Basic and Diluted	Earnings per share have been computed based on the following: Three months ended March 31, 2018 2017 (Dollars in thousands) Net income $4,069 $1,416 Weighted Average number of shares outstanding 7,512,227 5,397,930 Diluted effect of restrictive stock grants - 13,624 Average number of shares outstanding used to calculate diluted earnings per share 7,512,227 5,411,554

NOTE 10 - FAIR VALUE MEASUREM59

NOTE 10 - FAIR VALUE MEASUREMENT: Fair Value, Assets Measured on Recurring Basis (Tables)	3 Months Ended
	Mar. 31, 2018
Tables/Schedules
Fair Value, Assets Measured on Recurring Basis	The following assets are measured at fair value on a recurring basis: As of March 31, 2018 Description of Financial Instruments: Total Level 1 Level 2 Level 3 (Dollars in thousands) Municipal securities $15,732 $- $15,732 $- Mortgage-backed securities 9,590 - 9,590 - Collateralized mortgage obligations 1,098 - 1,098 - U.S. Government Agencies 4,968 - 4,968 - SBA securites 5,401 - 5,401 - Total assets measured at fair value $36,789 $- $36,789 $- As of December 31, 2017 Description of Financial Instruments: Total Level 1 Level 2 Level 3 (Dollars in thousands) Municipal securities $16,047 $- $16,047 $- Mortgage-backed securities 9,740 - 9,740 - Collateralized mortgage obligations 1,750 - 1,750 - U.S. Government Agencies 6,971 - 6,971 - SBA securities 5,997 - 5,997 - Total assets measured at fair value $40,505 $- $40,505 $-

NOTE 10 - FAIR VALUE MEASUREM60

NOTE 10 - FAIR VALUE MEASUREMENT: Fair Value Measurements, Nonrecurring (Tables)	3 Months Ended
	Mar. 31, 2018
Tables/Schedules
Fair Value Measurements, Nonrecurring	The following tables present the recorded amounts of impaired loans measured at fair value on a non-recurring basis: As of March 31, 2018 Total Level 1 Level 2 Level 3 (Dollars in thousands) Commercial and industrial loans $- $- $- $- Construction and land - - - - Commercial real estate 821 - - 821 Residential 99 - - 99 Consumer - - - - Total impaired assets measured at fair value $920 $- $- $920 As of December 31, 2017 Total Level 1 Level 2 Level 3 (Dollars in thousands) Commercial and industrial loans $- $- $- $- Construction and land - - - - Commercial real estate 1,120 - - 1,120 Residential - - - - Consumer - - - - Total impaired assets measured at fair value $1,120 $- $- $1,120

NOTE 10 - FAIR VALUE MEASUREM61

NOTE 10 - FAIR VALUE MEASUREMENT: Schedule of Estimated Fair Value of Financial Instruments (Tables)	3 Months Ended
	Mar. 31, 2018
Tables/Schedules
Schedule of Estimated Fair Value of Financial Instruments	The following table provides summary information on the estimated fair value of financial instruments at March 31, 2018: Carrying Fair Fair value measurements amount value Level 1 Level 2 Level 3 (Dollars in thousands) Financial assets: Cash and cash equivalents $255,551 $255,551 $255,551 $- $- Interest-bearing deposits with financial institutions 1,245 1,245 1,245 - - Investment securities available for sale 36,789 36,789 - 36,789 - Loans, net 885,979 889,275 - - 889,275 Loans held for sale 250 250 - 250 - Other equity securities 8,125 8,125 - 8,125 - Accrued interest receivable 4,984 4,984 - 4,984 - Financial liabilities: Deposits 1,098,265 1,099,093 878,753 220,340 - Subordinated Debentures 5,402 5,412 - - 5,412 Other borrowings 6,000 6,000 - - 6,000 Accrued interest payable 149 149 - 149 - Off-balance-sheet liabilities: Undisbursed loan commitments, lines of credit, standby letters of credit 310 310 - - 310 The carrying amount of loans includes $229,000 of nonaccrual loans (loans that are not accruing interest) as of March 31, 2018. The fair value of nonaccrual loans is based on the collateral values that secure the loans or the cash flows expected to be received. The following table provides summary information on the estimated fair value of financial instruments at December 31, 2017: Carrying Fair Fair value measurements amount value Level 1 Level 2 Level 3 (Dollars in thousands) Financial assets: Cash and cash equivalents $249,853 $249,853 $249,853 $- $- Interest-bearing deposits with financial institutions 1,743 1,743 1,743 - - Securities available for sale 40,505 40,505 - 40,505 - Other equity securities 7,759 7,759 - 7,759 - Loans, net 886,864 883,361 - - 883,361 Loans held for sale 3,245 3,245 - 3,245 - Accrued interest receivable 3,002 3,002 - 3,002 - Financial liabilities: Deposits 1,104,305 1,104,665 875,506 229,159 - Subordinated Debentures 5,387 5,387 - - 5,387 Other borrowings 6,000 6,000 - - 6,000 Accrued interest payable 141 141 - 141 - Off-balance-sheet liabilities: Undisbursed loan commitments, lines of credit, standby letters of credit and Mastercard lines of credit 310 310 - - 310 The carrying amounts of loans include $179,000 of nonaccrual loans (loans that are not accruing interest) as of December 31, 2017. The fair value of nonaccrual loans is based on the collateral values that secure the loans or the cash flows expected to be received.

Note 3 - ACQUISITION_ Schedul62

Note 3 - ACQUISITION: Schedule of Business Acquisitions, by Acquisition (Details) - USD ($) $ in Thousands	Mar. 31, 2018	Dec. 31, 2017	Nov. 03, 2017	Apr. 28, 2017
Cash and due from Banks	$ 13,837	$ 14,754
Federal funds sold	241,714	235,099
FHLB stock	4,772	4,772
Core deposit intangible	4,483	4,772
Noninterest bearing	320,104	327,309
Interest bearing	778,669	776,996
Total deposits	1,098,773	1,104,305
Salary continuation plan	4,107	4,046
Other borrowings	6,000	6,000
Total liabilities assumed	1,119,265	1,127,159
Common stock issued	81,453	81,307
Goodwill	$ 10,365	$ 10,365
First ULB Corp
Business Combination Assets Acquired				$ 473,139
Common stock issued				22,860
Cash consideration				19,037
Goodwill				9,126
First ULB Corp | Liability
Noninterest bearing				152,842
Interest bearing				275,175
Total deposits				428,017
Salary continuation plan				764
Other borrowings				10,775
Other liabilities				812
Total liabilities assumed				440,368
First ULB Corp | Assets
Cash and due from Banks				27,992
Federal funds sold				75,037
Total cash and cash equivalents				103,029
Investment securities				30,241
FHLB stock				2,087
Loans				315,970
Core deposit intangible				4,435
Deferred tax asset, including refunds				(164)
Servicing asset				1,282
BOLI				6,428
Other assets				$ 9,831
Plaza Bank
Business Combination Assets Acquired			$ 75,840
Common stock issued			11,964
Cash consideration			119
Goodwill			1,239
Plaza Bank | Liability
Noninterest bearing			17,256
Interest bearing			36,923
Total deposits			54,179
Salary continuation plan			0
Other borrowings			10,467
Other liabilities			350
Total liabilities assumed			64,996
Plaza Bank | Assets
Cash and due from Banks			1,124
Federal funds sold			0
Total cash and cash equivalents			1,124
Investment securities			5,772
FHLB stock			493
Loans			65,366
Core deposit intangible			385
Deferred tax asset, including refunds			2,070
Servicing asset			0
BOLI			0
Other assets			$ 630

Note 3 - ACQUISITION_ Busines63

Note 3 - ACQUISITION: Business Combination, Segment Allocation (Details) - USD ($) $ in Thousands	Nov. 03, 2017	Apr. 28, 2017	Mar. 31, 2018	Dec. 31, 2017
Loans			$ 885,979	$ 886,864
Other borrowings			6,000	6,000
Core deposit intangible			4,483	4,772
Common stock issued			$ 81,453	$ 81,307
FULB
Book value of net assets acquired		$ 29,321
Fair value of net assets acquired		32,771
Common stock issued		22,860
Acquisition Cash Paid		19,037
Total price paid		41,897
Acquisition Cash Paid		9,126
FULB | Fair Value Adjustment to Inventory
Loans		636
Write-down on real estate investment		(262)
Time-deposits		0
Other borrowings		0
Trust preferred securities		1,045
Core deposit intangible		4,435
Deferred tax assets		(2,404)
Total purchase accounting adjustments		$ 3,450
Plaza Bank
Book value of net assets acquired	$ 8,107
Fair value of net assets acquired	10,844
Common stock issued	11,964
Acquisition Cash Paid	119
Total price paid	12,083
Acquisition Cash Paid	1,239
Plaza Bank | Fair Value Adjustment to Inventory
Loans	386
Write-down on real estate investment	0
Time-deposits	(74)
Other borrowings	(30)
Trust preferred securities	0
Core deposit intangible	385
Deferred tax assets	2,070
Total purchase accounting adjustments	$ 2,737

Note 3 - ACQUISITION_ Acquisi64

Note 3 - ACQUISITION: Acquisition Loans: Contractual Cash Flows, Nonaccretable Difference, Accretable Yield, Fair Value, Purchase Discount, and Principal Balance (Details) $ in Thousands	3 Months Ended
	Mar. 31, 2018USD ($)
Credit Impaired Loans
Contractually required payments	$ 8,577
Less: nonaccretable difference	(966)
Cash flows expected to be collected (undiscounted)	7,611
Accretable yield	(322)
Certain Loans Acquired Fair Value of Purchased Loans	7,289
Non-Credit Impaired Loans
Contractually required payments	379,144
Less: nonaccretable difference	0
Cash flows expected to be collected (undiscounted)	379,144
Accretable yield	(5,097)
Certain Loans Acquired Fair Value of Purchased Loans	374,047
Combined Loans
Contractually required payments	387,721
Less: nonaccretable difference	(966)
Cash flows expected to be collected (undiscounted)	386,755
Accretable yield	(5,419)
Certain Loans Acquired Fair Value of Purchased Loans	$ 381,336

Note 3 - ACQUISITION_ Busines65

Note 3 - ACQUISITION: Business Acquisition, Pro Forma Information (Details) - FULB - Plaza Bank - USD ($) $ / shares in Units, $ in Thousands	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016
Business Acquisition Pro Forma Interest Income	$ 47,656	$ 44,635
Net income	$ 4,387	$ 9,380
Business Acquisition Pro Forma Interest Income	$ 0.59	$ 1.27
Business Acquisition Pro Forma Interest Income	$ 0.59	$ 1.26

Note 3 - ACQUISITION_ Busines66

Note 3 - ACQUISITION: Business Acquisition, Integration, Restructuring and Other Related Costs (Details) - USD ($) $ in Thousands	3 Months Ended		12 Months Ended
	Mar. 31, 2018	Mar. 31, 2017	Dec. 31, 2017
Data processing	$ 708	$ 360
Plaza Bank
Professional fees			$ 225
Data processing			855
Severance expense			75
Other			54
Acquisition Related Expenses, Total			1,209
Combined
Professional fees			574
Data processing			2,441
Severance expense			287
Other			174
Acquisition Related Expenses, Total			3,476
FULB
Professional fees			349
Data processing			1,586
Severance expense			212
Other			120
Acquisition Related Expenses, Total			$ 2,267

NOTE 4 - Investments Availabl67

NOTE 4 - Investments Available for Sale: Amortized cost and carrying values of securities available-for-sale (Details) - USD ($) $ in Thousands	Mar. 31, 2018	Dec. 31, 2017
Investment securities available for sale	$ 36,789	$ 40,505
Available-for-sale Securities
Available-for-sale Securities, Amortized Cost Basis	36,887	40,202
Available-for-sale Securities, Accumulated Gross Unrealized Gain, before Tax	236	404
Available-for-sale Securities, Accumulated Gross Unrealized Loss, before Tax	(334)	(101)
Investment securities available for sale	36,789	40,505
US Government Corporations and Agencies Securities
Available-for-sale Securities, Amortized Cost Basis	5,342	5,929
Available-for-sale Securities, Accumulated Gross Unrealized Gain, before Tax	64	78
Available-for-sale Securities, Accumulated Gross Unrealized Loss, before Tax	(5)	(10)
Investment securities available for sale	5,401	5,997
Collateralized Mortgage Obligations
Available-for-sale Securities, Amortized Cost Basis	1,104	1,758
Available-for-sale Securities, Accumulated Gross Unrealized Gain, before Tax	0	1
Available-for-sale Securities, Accumulated Gross Unrealized Loss, before Tax	(6)	(9)
Investment securities available for sale	1,098	1,750
Mortgage-backed Securities, Issued by US Government Sponsored Enterprises
Available-for-sale Securities, Amortized Cost Basis	9,593	9,621
Available-for-sale Securities, Accumulated Gross Unrealized Gain, before Tax	98	143
Available-for-sale Securities, Accumulated Gross Unrealized Loss, before Tax	(101)	(24)
Investment securities available for sale	9,590	9,740
US Government Agencies Debt Securities
Available-for-sale Securities, Amortized Cost Basis	4,989	6,984
Available-for-sale Securities, Accumulated Gross Unrealized Gain, before Tax	0	0
Available-for-sale Securities, Accumulated Gross Unrealized Loss, before Tax	(21)	(13)
Investment securities available for sale	4,968	6,971
Municipal Notes
Available-for-sale Securities, Amortized Cost Basis	15,859	15,910
Available-for-sale Securities, Accumulated Gross Unrealized Gain, before Tax	74	182
Available-for-sale Securities, Accumulated Gross Unrealized Loss, before Tax	(201)	(45)
Investment securities available for sale	$ 15,732	$ 16,047

NOTE 4 - Investments Availabl68

NOTE 4 - Investments Available for Sale: Available-for-sale Securities, Continuous Unrealized Loss Position, Fair Value (Details) - USD ($) $ in Thousands	Mar. 31, 2018	Dec. 31, 2017
Available-for-sale Securities
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than Twelve Months, Fair Value	$ 25,273	$ 17,513
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than 12 Months, Accumulated Loss	(323)	(95)
Available-for-sale Securities, Continuous Unrealized Loss Position, Twelve Months or Longer, Fair Value	1,084	267
Available-for-sale Securities, Continuous Unrealized Loss Position, 12 Months or Longer, Accumulated Loss	(11)	(6)
Available-for-sale Securities, Continuous Unrealized Loss Position, Fair Value	26,357	17,780
Available-for-sale Securities, Continuous Unrealized Loss Position, Accumulated Loss	(334)	(101)
US Government Corporations and Agencies Securities
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than Twelve Months, Fair Value	141	1,245
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than 12 Months, Accumulated Loss	0	(10)
Available-for-sale Securities, Continuous Unrealized Loss Position, Twelve Months or Longer, Fair Value	791	0
Available-for-sale Securities, Continuous Unrealized Loss Position, 12 Months or Longer, Accumulated Loss	(5)	0
Available-for-sale Securities, Continuous Unrealized Loss Position, Fair Value	932	1,245
Available-for-sale Securities, Continuous Unrealized Loss Position, Accumulated Loss	(5)	(10)
Collateralized Mortgage Obligations
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than Twelve Months, Fair Value	1,075	1,201
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than 12 Months, Accumulated Loss	(6)	(9)
Available-for-sale Securities, Continuous Unrealized Loss Position, Twelve Months or Longer, Fair Value	0	0
Available-for-sale Securities, Continuous Unrealized Loss Position, 12 Months or Longer, Accumulated Loss	0	0
Available-for-sale Securities, Continuous Unrealized Loss Position, Fair Value	1,075	1,201
Available-for-sale Securities, Continuous Unrealized Loss Position, Accumulated Loss	(6)	(9)
Mortgage-backed Securities, Issued by US Government Sponsored Enterprises
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than Twelve Months, Fair Value	7,116	4,075
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than 12 Months, Accumulated Loss	(101)	(24)
Available-for-sale Securities, Continuous Unrealized Loss Position, Twelve Months or Longer, Fair Value	28	0
Available-for-sale Securities, Continuous Unrealized Loss Position, 12 Months or Longer, Accumulated Loss	0	0
Available-for-sale Securities, Continuous Unrealized Loss Position, Fair Value	7,144	4,075
Available-for-sale Securities, Continuous Unrealized Loss Position, Accumulated Loss	(101)	(24)
US Government Agencies Debt Securities
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than Twelve Months, Fair Value	4,976	6,981
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than 12 Months, Accumulated Loss	(21)	(13)
Available-for-sale Securities, Continuous Unrealized Loss Position, Twelve Months or Longer, Fair Value	0	0
Available-for-sale Securities, Continuous Unrealized Loss Position, 12 Months or Longer, Accumulated Loss	0	0
Available-for-sale Securities, Continuous Unrealized Loss Position, Fair Value	4,976	6,981
Available-for-sale Securities, Continuous Unrealized Loss Position, Accumulated Loss	(21)	(13)
Municipal Notes
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than Twelve Months, Fair Value	11,965	4,011
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than 12 Months, Accumulated Loss	(195)	(39)
Available-for-sale Securities, Continuous Unrealized Loss Position, Twelve Months or Longer, Fair Value	265	267
Available-for-sale Securities, Continuous Unrealized Loss Position, 12 Months or Longer, Accumulated Loss	(6)	(6)
Available-for-sale Securities, Continuous Unrealized Loss Position, Fair Value	12,230	4,278
Available-for-sale Securities, Continuous Unrealized Loss Position, Accumulated Loss	$ (201)	$ (45)

NOTE 4 - Investments Availabl69

NOTE 4 - Investments Available for Sale: Investments Classified by Contractual Maturity Date (Details) $ in Thousands	Mar. 31, 2018USD ($)
Details
Debt Securities, Available-for-sale, Maturity, Allocated and Single Maturity Date, within One Year, Amortized Cost	$ 3,248
Debt Securities, Available-for-sale, Maturity, Allocated and Single Maturity Date, within One Year, Fair Value	3,242
Debt Securities, Available-for-sale, Maturity, Allocated and Single Maturity Date, after One Through Five Years, Amortized Cost	7,425
Debt Securities, Available-for-sale, Maturity, Allocated and Single Maturity Date, after One Through Five Years, Fair Value	7,991
Debt Securities, Available-for-sale, Maturity, Allocated and Single Maturity Date, after Five Through Ten Years, Amortized Cost	16,089
Debt Securities, Available-for-sale, Maturity, Allocated and Single Maturity Date, after Five Through Ten Years, Fair Value	14,846
Debt Securities, Available-for-sale, Allocated and Single Maturity Date, Maturity, after 10 Years, Amortized Cost	10,125
Debt Securities, Available-for-sale, Maturity, Allocated and Single Maturity Date, after 10 Years, Fair Value	10,710
Debt Securities, Available-for-sale, Maturity, without Single Maturity Date, Amortized Cost	36,887
Debt Securities, Available-for-sale, Maturity, without Single Maturity Date, Fair Value	$ 36,789

NOTE 5 - LOANS_ Schedule of A70

NOTE 5 - LOANS: Schedule of Accounts, Notes, Loans and Financing Receivable (Details) - USD ($) $ in Thousands	Mar. 31, 2018	Dec. 31, 2017
Loans, net	$ 885,979	$ 886,864
Loans Receivable
Loans, net	885,979	886,864
Consumer Loan
Loans, net	97	1,096
Loans Receivable Gross
Loans, net	891,011	891,548
Deferred Loan Fees
Loans, net	(432)	(469)
Real Estate
Loans, net	28,353	22,720
Commercial Real Estate
Loans, net	662,909	669,150
Residential Real Estate
Loans, net	84,508	84,781
Commercial and Industrial Sector
Loans, net	$ 115,144	$ 113,801

NOTE 5 - LOANS_ Impaired Fina71

NOTE 5 - LOANS: Impaired Financing Receivables (Details) - USD ($) $ in Thousands	3 Months Ended	12 Months Ended
	Mar. 31, 2018	Dec. 31, 2017
With No Related Allowance Recorded | Consumer Loan
Impaired Financing Receivable, Recorded Investment	$ 0	$ 0
Impaired Financing Receivable, Unpaid Principal Balance	0	0
Impaired Financing Receivable, Related Allowance	0	0
Impaired Financing Receivable, Average Recorded Investment	0	0
Impaired Financing Receivable Income Recognized	0	0
With No Related Allowance Recorded | Commercial Real Estate
Impaired Financing Receivable, Recorded Investment	866	1,120
Impaired Financing Receivable, Unpaid Principal Balance	866	1,228
Impaired Financing Receivable, Related Allowance	0	0
Impaired Financing Receivable, Average Recorded Investment	890	1,147
Impaired Financing Receivable Income Recognized	10	56
With No Related Allowance Recorded | Residential Real Estate
Impaired Financing Receivable, Recorded Investment	132	0
Impaired Financing Receivable, Unpaid Principal Balance	132	0
Impaired Financing Receivable, Related Allowance	0	0
Impaired Financing Receivable, Average Recorded Investment	132	0
Impaired Financing Receivable Income Recognized	0	0
With No Related Allowance Recorded | Construction
Impaired Financing Receivable, Recorded Investment	0	0
Impaired Financing Receivable, Unpaid Principal Balance	0	0
Impaired Financing Receivable, Related Allowance	0	0
Impaired Financing Receivable, Average Recorded Investment	0	0
Impaired Financing Receivable Income Recognized	0	0
With No Related Allowance Recorded | Commercial and Industrial Sector
Impaired Financing Receivable, Recorded Investment	0	0
Impaired Financing Receivable, Unpaid Principal Balance	0	0
Impaired Financing Receivable, Related Allowance	0	0
Impaired Financing Receivable, Average Recorded Investment	0	0
Impaired Financing Receivable Income Recognized	0	0
With An Allowance Recorded | Consumer Loan
Impaired Financing Receivable, Recorded Investment	0	0
Impaired Financing Receivable, Unpaid Principal Balance	0	0
Impaired Financing Receivable, Related Allowance	0	0
Impaired Financing Receivable, Average Recorded Investment	0	0
Impaired Financing Receivable Income Recognized	0	0
With An Allowance Recorded | Commercial Real Estate
Impaired Financing Receivable, Recorded Investment	0	0
Impaired Financing Receivable, Unpaid Principal Balance	0	0
Impaired Financing Receivable, Related Allowance	0	0
Impaired Financing Receivable, Average Recorded Investment	0	0
Impaired Financing Receivable Income Recognized	0	0
With An Allowance Recorded | Residential Real Estate
Impaired Financing Receivable, Recorded Investment	0	0
Impaired Financing Receivable, Unpaid Principal Balance	0	0
Impaired Financing Receivable, Related Allowance	0	0
Impaired Financing Receivable, Average Recorded Investment	0	0
Impaired Financing Receivable Income Recognized	0	0
With An Allowance Recorded | Construction
Impaired Financing Receivable, Recorded Investment	0
Impaired Financing Receivable, Unpaid Principal Balance	0
Impaired Financing Receivable, Related Allowance	0
Impaired Financing Receivable, Average Recorded Investment	0
Impaired Financing Receivable Income Recognized	0
With An Allowance Recorded | Commercial and Industrial Sector
Impaired Financing Receivable, Recorded Investment	11	13
Impaired Financing Receivable, Unpaid Principal Balance	11	13
Impaired Financing Receivable, Related Allowance	11	13
Impaired Financing Receivable, Average Recorded Investment	11	13
Impaired Financing Receivable Income Recognized	$ 0	$ 2

NOTE 5 - LOANS_ Impaired Fina72

NOTE 5 - LOANS: Impaired Financing Receivable, Policy (Details) $ in Thousands	Dec. 31, 2017USD ($)
Details
Loans and Leases Receivable, Impaired, Interest Lost on Nonaccrual Loans	$ 0

NOTE 5 - LOANS_ Loans and Lea73

NOTE 5 - LOANS: Loans and Leases Receivable, Nonaccrual Loan and Lease Status, Policy (Details) - USD ($) $ in Thousands	Mar. 31, 2018	Dec. 31, 2017
Details
Financing Receivable, Recorded Investment, Nonaccrual Status	$ 229	$ 179

NOTE 5 - LOANS_ Schedule of F74

NOTE 5 - LOANS: Schedule of Financing Receivables, Non Accrual Status (Details) - USD ($) $ in Thousands	Mar. 31, 2018	Dec. 31, 2017
Consumer Loan
Loans and Leases Receivable, Nonperforming, Nonaccrual of Interest	$ 0	$ 0
Nonaccrual Loans
Loans and Leases Receivable, Nonperforming, Nonaccrual of Interest	229	179
Commercial Real Estate
Loans and Leases Receivable, Nonperforming, Nonaccrual of Interest	86	166
Residential Real Estate
Loans and Leases Receivable, Nonperforming, Nonaccrual of Interest	132	0
Construction
Loans and Leases Receivable, Nonperforming, Nonaccrual of Interest	0	0
Commercial and Industrial Sector
Loans and Leases Receivable, Nonperforming, Nonaccrual of Interest	$ 11	$ 13

NOTE 5 - LOANS_ Troubled Debt75

NOTE 5 - LOANS: Troubled Debt Restructurings on Financing Receivables (Details) - USD ($) $ in Thousands	Mar. 31, 2018	Dec. 31, 2017
Consumer Loan
Financing Receivable, Modifications, Recorded Investment	$ 0	$ 0
Financing Receivables Troubled Debt Restructuring
Financing Receivable, Modifications, Recorded Investment	791	1,045
Commercial Real Estate
Financing Receivable, Modifications, Recorded Investment	780	1,032
Residential Real Estate
Financing Receivable, Modifications, Recorded Investment	0	0
Construction
Financing Receivable, Modifications, Recorded Investment	0	0
Commercial and Industrial Sector
Financing Receivable, Modifications, Recorded Investment	$ 11	$ 13

NOTE 5 - LOANS_ Loans and Lea76

NOTE 5 - LOANS: Loans and Leases Receivable, Troubled Debt Restructuring Policy (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2018	Mar. 31, 2017
Details
Troubled Debt Restructuring, Debtor, Subsequent Periods, Contingent Payments, Amount	$ 0
Financing Receivable, Modifications, Subsequent Default, Recorded Investment	$ 0	$ 0

NOTE 5 - LOANS_ Purchase Cred77

NOTE 5 - LOANS: Purchase Credit Impaired Loans ("PCI") Loans (Details) - USD ($) $ in Thousands	3 Months Ended	12 Months Ended
	Mar. 31, 2018	Dec. 31, 2017
Consumer Loan
Purchase Credit Impaired Loans Unpaid Principal Balance	$ 0	$ 0
Purchase Credit Impaired Loans Carrying Value	0	0
Purchased Credit Impaired Loans
Purchase Credit Impaired Loans Unpaid Principal Balance	16,460	17,417
Purchase Credit Impaired Loans Carrying Value	13,768	14,315
Commercial Real Estate
Purchase Credit Impaired Loans Unpaid Principal Balance	16,321	17,268
Purchase Credit Impaired Loans Carrying Value	13,765	14,313
Residential Real Estate
Purchase Credit Impaired Loans Unpaid Principal Balance	0	0
Purchase Credit Impaired Loans Carrying Value	0	0
Construction
Purchase Credit Impaired Loans Unpaid Principal Balance	0	0
Purchase Credit Impaired Loans Carrying Value	0	0
Commercial and Industrial Sector
Purchase Credit Impaired Loans Unpaid Principal Balance	139	149
Purchase Credit Impaired Loans Carrying Value	$ 3	$ 2

NOTE 5 - LOANS_ Allowance for78

NOTE 5 - LOANS: Allowance for Credit Losses on Financing Receivables (Details) - USD ($) $ in Thousands	3 Months Ended		12 Months Ended
	Mar. 31, 2018	Mar. 31, 2017	Dec. 31, 2017	Mar. 31, 2018	Dec. 31, 2017	Mar. 31, 2017
Allowance for loan losses	$ (4,600)		$ (4,215)	$ (4,600)	$ (4,215)
Purchased credit impaired loans evaluated for impairment	(4,600)		(4,215)
Loans Receivable
Allowance for loan losses	891,261	$ 535,534	894,793	891,261	894,793	$ 535,534
Charge-offs	0	(3)	(67)
Recoveries	131	10	45
Provision for loan losses	254	143	462
Loans individually evaluated for impairment				11	13	25
Loans collectively evaluated for impairment				4,589	4,202	3,900
Purchased credit impaired loans allowance for loan losses	0	0	0
Invidually evaluated for impairment				1,009	1,133	992
Collectively evaluated for impairment				876,484	879,345	526,459
Purchased credit impaired loans evaluated for impairment	13,768	8,083	14,315
Balance of loans collectively evaluated for impairment	890,252	534,542	893,660
Purchased credit impaired loans evaluated for impairment	891,261	535,534	894,793
Loans Receivable | Beginning of Period
Allowance for loan losses	4,215	3,775	3,775	4,215	3,775	3,775
Purchased credit impaired loans evaluated for impairment	4,215	3,775	3,775
Loans Receivable | End of Period
Allowance for loan losses	4,600	3,925		4,600		3,925
Purchased credit impaired loans evaluated for impairment	4,600	3,925
Allowance for loan losses					4,215
Unallocated Financing Receivables
Allowance for loan losses	0	0	0	0	0	0
Charge-offs	0	0	0
Recoveries	0	0	0
Provision for loan losses	0	4	110
Loans individually evaluated for impairment				0	0	0
Loans collectively evaluated for impairment				402	327	221
Purchased credit impaired loans allowance for loan losses	0		0
Invidually evaluated for impairment				0	0	0
Collectively evaluated for impairment				0	0	0
Purchased credit impaired loans evaluated for impairment	0	0	0
Balance of loans collectively evaluated for impairment	0	0	0
Purchased credit impaired loans evaluated for impairment	0	0	0
Unallocated Financing Receivables | Beginning of Period
Allowance for loan losses	402	217	217	402	217	217
Purchased credit impaired loans evaluated for impairment	402	217	217
Unallocated Financing Receivables | End of Period
Allowance for loan losses	402	221		402		221
Purchased credit impaired loans evaluated for impairment	402	221
Allowance for loan losses					327
Consumer Loan
Allowance for loan losses	97	1,125	1,096	97	1,096	1,125
Charge-offs	0	0	(1)
Recoveries	0	0	0
Provision for loan losses	(3)	(2)	0
Loans individually evaluated for impairment				0	0	0
Loans collectively evaluated for impairment				0	3	2
Purchased credit impaired loans allowance for loan losses	0	0	0
Invidually evaluated for impairment				0	0	0
Collectively evaluated for impairment				97	1,096	1,125
Purchased credit impaired loans evaluated for impairment	0	0	0
Balance of loans collectively evaluated for impairment	97	1,125	1,096
Purchased credit impaired loans evaluated for impairment	97	1,125	1,096
Consumer Loan | Beginning of Period
Allowance for loan losses	3	4	4	3	4	4
Purchased credit impaired loans evaluated for impairment	3	4	4
Consumer Loan | End of Period
Allowance for loan losses	0	2		0		2
Purchased credit impaired loans evaluated for impairment	0	2
Allowance for loan losses					3
Commercial Real Estate
Allowance for loan losses	663,157	410,363	671,823	663,157	671,823	410,363
Charge-offs	0	(3)	(3)
Recoveries	0	0	0
Provision for loan losses	162	245	593
Loans individually evaluated for impairment				0	0	0
Loans collectively evaluated for impairment				2,782	2,695	2,347
Purchased credit impaired loans allowance for loan losses	0	0	0
Invidually evaluated for impairment				866	1,120	724
Collectively evaluated for impairment				649,816	657,686	403,015
Purchased credit impaired loans evaluated for impairment	12,475	6,624	13,017
Balance of loans collectively evaluated for impairment	662,291	409,639	670,703
Purchased credit impaired loans evaluated for impairment	663,157	410,363	671,823
Commercial Real Estate | Beginning of Period
Allowance for loan losses	2,620	2,105	2,105	2,620	2,105	2,105
Purchased credit impaired loans evaluated for impairment	2,620	2,105	2,105
Commercial Real Estate | End of Period
Allowance for loan losses	2,782	2,347		2,782		2,347
Purchased credit impaired loans evaluated for impairment	2,782	2,347
Allowance for loan losses					2,695
Residential Real Estate
Allowance for loan losses	84,508	29,434	84,781	84,508	84,781	29,434
Charge-offs	0	0	0
Recoveries	0	0	0
Provision for loan losses	10	(12)	(1)
Loans individually evaluated for impairment				0	0	0
Loans collectively evaluated for impairment				160	150	139
Purchased credit impaired loans allowance for loan losses	0	0	0
Invidually evaluated for impairment				132	0	0
Collectively evaluated for impairment				83,086	83,486	27,977
Purchased credit impaired loans evaluated for impairment	1,290	1,457	1,295
Balance of loans collectively evaluated for impairment	84,376	29,434	84,781
Purchased credit impaired loans evaluated for impairment	84,508	29,434	84,781
Residential Real Estate | Beginning of Period
Allowance for loan losses	150	151	151	150	151	151
Purchased credit impaired loans evaluated for impairment	150	151	151
Residential Real Estate | End of Period
Allowance for loan losses	160	139		160		139
Purchased credit impaired loans evaluated for impairment	160	139
Allowance for loan losses					150
Construction
Allowance for loan losses	28,354	20,878	22,720	28,354	22,720	20,878
Charge-offs	0	0	0
Recoveries	0	0	0
Provision for loan losses	52	(8)	(88)
Loans individually evaluated for impairment				0	0	0
Loans collectively evaluated for impairment				251	199	279
Purchased credit impaired loans allowance for loan losses	0	0	0
Invidually evaluated for impairment				0	0	0
Collectively evaluated for impairment				28,354	22,720	20,878
Purchased credit impaired loans evaluated for impairment	0	0	0
Balance of loans collectively evaluated for impairment	28,354	20,878	22,720
Purchased credit impaired loans evaluated for impairment	28,354	20,878	22,720
Construction | Beginning of Period
Allowance for loan losses	199	287	287	199	287	287
Purchased credit impaired loans evaluated for impairment	199	287	287
Construction | End of Period
Allowance for loan losses	251	279		251		279
Purchased credit impaired loans evaluated for impairment	251	279
Allowance for loan losses					199
Commercial and Industrial Sector
Allowance for loan losses	115,145	73,734	114,373	115,145	114,373	73,734
Charge-offs	0	0	(63)
Recoveries	131	10	45
Provision for loan losses	33	(84)	(152)
Loans individually evaluated for impairment				11	13	25
Loans collectively evaluated for impairment				994	828	912
Purchased credit impaired loans allowance for loan losses	0	0	0
Invidually evaluated for impairment				11	13	268
Collectively evaluated for impairment				115,131	114,357	73,464
Purchased credit impaired loans evaluated for impairment	3	2	3
Balance of loans collectively evaluated for impairment	115,134	73,466	114,360
Purchased credit impaired loans evaluated for impairment	115,145	73,734	114,373
Commercial and Industrial Sector | Beginning of Period
Allowance for loan losses	841	1,011	1,011	841	1,011	1,011
Purchased credit impaired loans evaluated for impairment	841	1,011	$ 1,011
Commercial and Industrial Sector | End of Period
Allowance for loan losses	1,005	937		$ 1,005		$ 937
Purchased credit impaired loans evaluated for impairment	$ 1,005	$ 937
Allowance for loan losses					$ 841

NOTE 5 - LOANS_ Past Due Fina79

NOTE 5 - LOANS: Past Due Financing Receivables (Details) - USD ($) $ in Thousands	Mar. 31, 2018	Dec. 31, 2017
Loans Receivable | Commercial Real Estate
Financing Receivable, Recorded Investment, Past Due	$ 663,158	$ 671,823
Loans Receivable | Residential Real Estate
Financing Receivable, Recorded Investment, Past Due	84,508	84,781
Loans Receivable | Construction
Financing Receivable, Recorded Investment, Past Due	28,354	22,720
Loans Receivable | Commercial and Industrial Sector
Financing Receivable, Recorded Investment, Past Due	115,144	114,373
Purchased Credit Impaired Loans
Financing Receivable, Recorded Investment, Past Due	0	0
Purchased Credit Impaired Loans | Commercial Real Estate
Financing Receivable, Recorded Investment, Past Due	12,475	13,017
Purchased Credit Impaired Loans | Residential Real Estate
Financing Receivable, Recorded Investment, Past Due	1,290	1,295
Purchased Credit Impaired Loans | Construction
Financing Receivable, Recorded Investment, Past Due	0	0
Purchased Credit Impaired Loans | Commercial and Industrial Sector
Financing Receivable, Recorded Investment, Past Due	3	3
Consumer Loan | Loans Receivable
Financing Receivable, Recorded Investment, Past Due	97	1,096
Financing Receivables, 30 to 59 Days Past Due
Financing Receivable, Recorded Investment, Past Due	1,506	1,894
Financing Receivables, 30 to 59 Days Past Due | Commercial Real Estate
Financing Receivable, Recorded Investment, Past Due	1,222	1,446
Financing Receivables, 30 to 59 Days Past Due | Residential Real Estate
Financing Receivable, Recorded Investment, Past Due	132	349
Financing Receivables, 30 to 59 Days Past Due | Construction
Financing Receivable, Recorded Investment, Past Due	0	0
Financing Receivables, 30 to 59 Days Past Due | Commercial and Industrial Sector
Financing Receivable, Recorded Investment, Past Due	149	96
Financing Receivables, 30 to 59 Days Past Due | Consumer Loan
Financing Receivable, Recorded Investment, Past Due	3	3
Financing Receivables, 60 to 89 Days Past Due
Financing Receivable, Recorded Investment, Past Due	95	0
Financing Receivables, 60 to 89 Days Past Due | Commercial Real Estate
Financing Receivable, Recorded Investment, Past Due	0	0
Financing Receivables, 60 to 89 Days Past Due | Residential Real Estate
Financing Receivable, Recorded Investment, Past Due	0	0
Financing Receivables, 60 to 89 Days Past Due | Construction
Financing Receivable, Recorded Investment, Past Due	0	0
Financing Receivables, 60 to 89 Days Past Due | Commercial and Industrial Sector
Financing Receivable, Recorded Investment, Past Due	95	0
Financing Receivables, 60 to 89 Days Past Due | Consumer Loan
Financing Receivable, Recorded Investment, Past Due	0	0
Financing Receivables, Equal to Greater than 90 Days Past Due
Financing Receivable, Recorded Investment, Past Due	0	0
Financing Receivables, Equal to Greater than 90 Days Past Due | Commercial Real Estate
Financing Receivable, Recorded Investment, Past Due	0	0
Financing Receivables, Equal to Greater than 90 Days Past Due | Residential Real Estate
Financing Receivable, Recorded Investment, Past Due	0	0
Financing Receivables, Equal to Greater than 90 Days Past Due | Construction
Financing Receivable, Recorded Investment, Past Due	0	0
Financing Receivables, Equal to Greater than 90 Days Past Due | Commercial and Industrial Sector
Financing Receivable, Recorded Investment, Past Due	0	0
Financing Receivables, Equal to Greater than 90 Days Past Due | Consumer Loan
Financing Receivable, Recorded Investment, Past Due	0	0
Financing Receivables Past Due
Financing Receivable, Recorded Investment, Past Due	1,601	1,894
Financing Receivables Past Due | Commercial Real Estate
Financing Receivable, Recorded Investment, Past Due	1,222	1,446
Financing Receivables Past Due | Residential Real Estate
Financing Receivable, Recorded Investment, Past Due	132	349
Financing Receivables Past Due | Construction
Financing Receivable, Recorded Investment, Past Due	0	0
Financing Receivables Past Due | Commercial and Industrial Sector
Financing Receivable, Recorded Investment, Past Due	244	96
Financing Receivables Past Due | Consumer Loan
Financing Receivable, Recorded Investment, Past Due	3	3
Financing Receivables Current
Financing Receivable, Recorded Investment, Past Due	875,892	878,584
Financing Receivables Current | Commercial Real Estate
Financing Receivable, Recorded Investment, Past Due	649,460	657,360
Financing Receivables Current | Residential Real Estate
Financing Receivable, Recorded Investment, Past Due	83,086	83,137
Financing Receivables Current | Construction
Financing Receivable, Recorded Investment, Past Due	28,354	22,720
Financing Receivables Current | Commercial and Industrial Sector
Financing Receivable, Recorded Investment, Past Due	114,898	114,274
Financing Receivables Current | Consumer Loan
Financing Receivable, Recorded Investment, Past Due	94	1,093
Investment Less Than 90 Days And Still Accruing
Financing Receivable, Recorded Investment, Past Due	0	0
Investment Less Than 90 Days And Still Accruing | Commercial Real Estate
Financing Receivable, Recorded Investment, Past Due	0	0
Investment Less Than 90 Days And Still Accruing | Residential Real Estate
Financing Receivable, Recorded Investment, Past Due	0	0
Investment Less Than 90 Days And Still Accruing | Construction
Financing Receivable, Recorded Investment, Past Due	0	0
Investment Less Than 90 Days And Still Accruing | Commercial and Industrial Sector
Financing Receivable, Recorded Investment, Past Due	0	0
Investment Less Than 90 Days And Still Accruing | Consumer Loan
Financing Receivable, Recorded Investment, Past Due	0	0
Total | Loans Receivable
Financing Receivable, Recorded Investment, Past Due	891,261	894,793
Total | Purchased Credit Impaired Loans
Financing Receivable, Recorded Investment, Past Due	$ 13,768	$ 14,315

NOTE 5 - LOANS_ Financing Rec80

NOTE 5 - LOANS: Financing Receivable Credit Quality Indicators (Details) - USD ($) $ in Thousands	Mar. 31, 2018	Dec. 31, 2017
Loans Receivable | Total
Risk Category of Loans by Class	$ 891,261	$ 894,793
Loans Receivable | Consumer Loan
Risk Category of Loans by Class	97	1,096
Loans Receivable | Commercial Real Estate
Risk Category of Loans by Class	663,158	671,823
Loans Receivable | Residential Real Estate
Risk Category of Loans by Class	84,508	84,781
Loans Receivable | Construction
Risk Category of Loans by Class	28,353	22,720
Loans Receivable | Commercial and Industrial Sector
Risk Category of Loans by Class	115,145	114,373
Pass | Total
Risk Category of Loans by Class	876,224	882,911
Pass | Consumer Loan
Risk Category of Loans by Class	97	1,096
Pass | Commercial Real Estate
Risk Category of Loans by Class	655,931	664,551
Pass | Residential Real Estate
Risk Category of Loans by Class	84,376	84,781
Pass | Construction
Risk Category of Loans by Class	25,466	19,833
Pass | Commercial and Industrial Sector
Risk Category of Loans by Class	110,354	112,650
Special Mention | Total
Risk Category of Loans by Class	4,545	4,865
Special Mention | Consumer Loan
Risk Category of Loans by Class	0	0
Special Mention | Commercial Real Estate
Risk Category of Loans by Class	3,765	4,058
Special Mention | Residential Real Estate
Risk Category of Loans by Class	0	0
Special Mention | Construction
Risk Category of Loans by Class	0	0
Special Mention | Commercial and Industrial Sector
Risk Category of Loans by Class	781	807
Substandard | Total
Risk Category of Loans by Class	10,491	7,017
Substandard | Consumer Loan
Risk Category of Loans by Class	0	0
Substandard | Commercial Real Estate
Risk Category of Loans by Class	3,462	3,214
Substandard | Residential Real Estate
Risk Category of Loans by Class	132	0
Substandard | Construction
Risk Category of Loans by Class	2,887	2,887
Substandard | Commercial and Industrial Sector
Risk Category of Loans by Class	4,010	916
Doubtful | Total
Risk Category of Loans by Class	0	0
Doubtful | Consumer Loan
Risk Category of Loans by Class	0	0
Doubtful | Commercial Real Estate
Risk Category of Loans by Class	0	0
Doubtful | Residential Real Estate
Risk Category of Loans by Class	0	0
Doubtful | Construction
Risk Category of Loans by Class	0	0
Doubtful | Commercial and Industrial Sector
Risk Category of Loans by Class	$ 0	$ 0

NOTE 6 - BORROWINGS_ Federal Ho

NOTE 6 - BORROWINGS: Federal Home Loan Bank (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2018	Dec. 31, 2017
Details
Federal Home Loan Bank, Advances, General Debt Obligations, Disclosures, General Description of Terms	approved secured borrowing facility with the FHLB for up to 25% of total assets for a term not to exceed five years
Federal Home Loan Bank, Advances, General Debt Obligations, Amount of Available, Unused Funds	$ 0	$ 0
Line of Credit Facility, Current Borrowing Capacity	$ 7,450

NOTE 6 - BORROWINGS_ Federal Fu

NOTE 6 - BORROWINGS: Federal Funds Lines of Credit (Details) - USD ($) $ in Thousands	3 Months Ended	12 Months Ended
	Mar. 31, 2018	Dec. 31, 2017
Details
Other Commitments, Description	Federal Funds lines with available commitments totaling $65.0 million with four correspondent banks
Line of Credit Facility, Average Outstanding Amount	$ 0	$ 0

Note 7 - Junior Subordinated 83

Note 7 - Junior Subordinated Deferrable Interest Debentures (Details) $ in Thousands	3 Months Ended
	Mar. 31, 2018USD ($)
Details
Subordinated Borrowing Terms and Conditions	The Trust is a Delaware business formed with capital of $192,000 for the sole purpose of issuing trust preferred securities fully and unconditionally guaranteed by the Company.
Proceeds from Subordinated Short-term Debt	$ 6,200
Subordinated Borrowing, Interest Rate	4.83%
Subordinated Debt	$ 5,400

NOTE 8 - EQUITY INCENTIVE PLA84

NOTE 8 - EQUITY INCENTIVE PLANS: 2017 Omnibus Equity Incentive Plan (Details)	Mar. 31, 2018shares
Details
Defined Benefit Plan, Plan Assets, Employer, Related Party, Number of Shares	450,000

NOTE 8 - EQUITY INCENTIVE PLA85

NOTE 8 - EQUITY INCENTIVE PLANS: 2014 Omnibus Equity Incentive Plan (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2018	Mar. 31, 2017
Details
Allocated Share-based Compensation Expense	$ 146	$ 91

NOTE 8 - EQUITY INCENTIVE PLA86

NOTE 8 - EQUITY INCENTIVE PLANS: Schedule of Nonvested Restricted Stock Units Activity (Details) - $ / shares	3 Months Ended
	Mar. 31, 2018	Mar. 31, 2017
Granted shares
Weighted Average Number of Shares, Restricted Stock	15,232	16,865
Share-based Compensation Arrangement by Share-based Payment Award, Option, Nonvested, Weighted Average Exercise Price	$ 19.45	$ 14.86
Vested shares
Weighted Average Number of Shares, Restricted Stock	(8,706)	(5,333)
Share-based Compensation Arrangement by Share-based Payment Award, Option, Nonvested, Weighted Average Exercise Price	$ 13.40	$ 12.47
Expected to vest assuming no forfeiture over the vesting term
Weighted Average Number of Shares, Restricted Stock	74,007	80,182
Beginning of Period | Non-vested shares
Weighted Average Number of Shares, Restricted Stock	67,481	68,650
Share-based Compensation Arrangement by Share-based Payment Award, Option, Nonvested, Weighted Average Exercise Price	$ 13.51	$ 11.51
End of Period | Non-vested shares
Weighted Average Number of Shares, Restricted Stock	74,007	80,182

NOTE 9 - EARNINGS PER SHARE C87

NOTE 9 - EARNINGS PER SHARE CALCULATION: Schedule of Earnings Per Share, Basic and Diluted (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2018	Mar. 31, 2017
Details
Net income	$ 4,069	$ 1,416
Weighted Average number of shares outstanding	7,512,227	5,397,930
Diluted effect of restrictive stock grants	0	13,624
earnings per share	7,512,227	5,411,554

NOTE 10 - FAIR VALUE MEASUREM88

NOTE 10 - FAIR VALUE MEASUREMENT: Fair Value, Assets Measured on Recurring Basis (Details) - USD ($) $ in Thousands	Mar. 31, 2018	Dec. 31, 2017
US Government Corporations and Agencies Securities
Assets Measured at Fair Value on a Recurring Basis	$ 5,401	$ 5,997
Collateralized Mortgage Obligations
Assets Measured at Fair Value on a Recurring Basis	1,098	1,750
Assets Measured at Fair Value on Recurring Basis
Assets Measured at Fair Value on a Recurring Basis	36,789	40,505
Mortgage-backed Securities, Issued by US Government Sponsored Enterprises
Assets Measured at Fair Value on a Recurring Basis	9,590	9,740
US Government Agencies Debt Securities
Assets Measured at Fair Value on a Recurring Basis	4,968	6,971
Municipal Notes
Assets Measured at Fair Value on a Recurring Basis	$ 15,732	$ 16,047

NOTE 10 - FAIR VALUE MEASUREM89

NOTE 10 - FAIR VALUE MEASUREMENT: Fair Value Measurements, Nonrecurring (Details) - USD ($) $ in Thousands	Mar. 31, 2018	Dec. 31, 2017
Impaired Assets Measured at Fair Value on a Non-Recurring Basis
Recorded Amounts of Impaired Loans Measured at Fair Value on a Non-Recurring Basis	$ 920	$ 1,120
Consumer Loan
Recorded Amounts of Impaired Loans Measured at Fair Value on a Non-Recurring Basis	0	0
Commercial Real Estate
Recorded Amounts of Impaired Loans Measured at Fair Value on a Non-Recurring Basis	821	1,120
Residential Real Estate
Recorded Amounts of Impaired Loans Measured at Fair Value on a Non-Recurring Basis	99	0
Construction
Recorded Amounts of Impaired Loans Measured at Fair Value on a Non-Recurring Basis	0	0
Commercial and Industrial Sector
Recorded Amounts of Impaired Loans Measured at Fair Value on a Non-Recurring Basis	$ 0	$ 0

NOTE 10 - FAIR VALUE MEASUREM90

NOTE 10 - FAIR VALUE MEASUREMENT: Schedule of Estimated Fair Value of Financial Instruments (Details) - USD ($) $ in Thousands	Mar. 31, 2018	Dec. 31, 2017
Interest-bearing deposits with financial institutions	$ 1,245	$ 1,743
Investment securities available for sale	36,789	40,505
Loans, net	885,979	886,864
Deposits	1,098,773	1,104,305
Subordinated Debentures	5,402	5,387
Other borrowings	6,000	6,000
Securities available for sale	36,789	40,505
Financial Instrument Carrying Amount | Financial Assets
Cash and cash equivalents	255,551	249,853
Interest-bearing deposits with financial institutions	1,245	1,743
Investment securities available for sale	36,789	40,505
Loans, net	885,979	886,864
Loans held for sale	250	3,245
Other Equity Securities	8,125	7,759
Accrued interest receivable	4,984	3,002
Securities available for sale	36,789	40,505
Financial Instrument Carrying Amount | Financial Liabilities
Deposits	1,098,265	1,104,305
Subordinated Debentures	5,402	5,387
Other borrowings	6,000	6,000
Accrued interest payable	149	141
Financial Instrument Carrying Amount | Off-Balance Sheet Liabilities
standby letters of credit	310	310
standby letters of credit and Mastercard lines of credit	310	310
Financial Instrument Fair Value | Financial Assets
Cash and cash equivalents	255,551	249,853
Interest-bearing deposits with financial institutions	1,245	1,743
Investment securities available for sale	36,789	40,505
Loans, net	889,275	883,361
Loans held for sale	250	3,245
Other Equity Securities	8,125	7,759
Accrued interest receivable	4,984	3,002
Securities available for sale	36,789	40,505
Financial Instrument Fair Value | Financial Liabilities
Deposits	1,099,093	1,104,665
Subordinated Debentures	5,412	5,387
Other borrowings	6,000	6,000
Accrued interest payable	149	141
Financial Instrument Fair Value | Off-Balance Sheet Liabilities
standby letters of credit	310	310
standby letters of credit and Mastercard lines of credit	310	310
Fair Value, Inputs, Level 1 | Financial Assets
Cash and cash equivalents	255,551	249,853
Interest-bearing deposits with financial institutions	1,245	1,743
Investment securities available for sale	0	0
Loans, net	0	0
Loans held for sale	0	0
Other Equity Securities	0	0
Accrued interest receivable	0	0
Securities available for sale	0	0
Fair Value, Inputs, Level 1 | Financial Liabilities
Deposits	878,753	875,506
Subordinated Debentures	0	0
Other borrowings	0	0
Accrued interest payable	0	0
Fair Value, Inputs, Level 1 | Off-Balance Sheet Liabilities
standby letters of credit	0	0
standby letters of credit and Mastercard lines of credit	0	0
Fair Value, Inputs, Level 2 | Financial Assets
Cash and cash equivalents	0	0
Interest-bearing deposits with financial institutions	0	0
Investment securities available for sale	36,789	40,505
Loans, net	0	0
Loans held for sale	250	3,245
Other Equity Securities	8,125	7,759
Accrued interest receivable	4,984	3,002
Securities available for sale	36,789	40,505
Fair Value, Inputs, Level 2 | Financial Liabilities
Deposits	220,340	229,159
Subordinated Debentures	0	0
Other borrowings	0	0
Accrued interest payable	149	141
Fair Value, Inputs, Level 2 | Off-Balance Sheet Liabilities
standby letters of credit	0	0
standby letters of credit and Mastercard lines of credit	0	0
Fair Value, Inputs, Level 3 | Financial Assets
Cash and cash equivalents	0	0
Interest-bearing deposits with financial institutions	0	0
Investment securities available for sale	0	0
Loans, net	889,275	883,361
Loans held for sale	0	0
Other Equity Securities	0	0
Accrued interest receivable	0	0
Securities available for sale	0	0
Fair Value, Inputs, Level 3 | Financial Liabilities
Deposits	0	0
Subordinated Debentures	5,412	5,387
Other borrowings	6,000	6,000
Accrued interest payable	0	0
Fair Value, Inputs, Level 3 | Off-Balance Sheet Liabilities
standby letters of credit	310	310
standby letters of credit and Mastercard lines of credit	$ 310	$ 310

NOTE 11 - SUBSEQUENT EVENTS_ 91

NOTE 11 - SUBSEQUENT EVENTS: Subsequent Events, Policy (Details) $ in Thousands	May 08, 2018USD ($)
Details
Proceeds from Issuance Initial Public Offering	$ 66,800