BayCom (BCML) 10-Q 8 May 20 2020 Q1 Quarterly report Financial data

Document And Entity Information

Document And Entity Information - shares	3 Months Ended
	Mar. 31, 2020	Apr. 24, 2020
Document And Entity Information
Document Type	10-Q
Document Period End Date	Mar. 31, 2020
Entity Registrant Name	BayCom Corp
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Accelerated Filer
Entity Small Business	true
Entity Emerging Growth Company	true
Entity Ex Transition Period	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		12,229,848
Entity Central Index Key	0001730984
Current Fiscal Year End Date	--12-31
Document Fiscal Year Focus	2020
Document Fiscal Period Focus	Q1
Amendment Flag	false
Trading Symbol	BCML

CONDENSED CONSOLIDATED BALANCE

CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Mar. 31, 2020	Dec. 31, 2019
ASSETS
Cash and due from banks	$ 40,230	$ 23,476
Federal funds sold	234,079	271,906
Cash and cash equivalents	274,309	295,382
Interest bearing deposits in banks	16,544	1,739
Investment securities available-for-sale,fair value	123,915	119,889
Federal Home Loan Bank ("FHLB") stock, at par	7,174	7,174
Federal Reserve Bank ("FRB") stock, at par	7,491	6,731
Loans held for sale	198	2,226
Loans, net of allowance for loan losses of $9,100 and $7,400 at March 31, 2020 and December 31, 2019, respectively	1,617,616	1,450,229
Premises and equipment, net	14,779	10,529
Other real estate owned ("OREO")	595	574
Core deposit intangible	9,661	9,185
Cash surrender value of bank owned life insurance ("BOLI") policies, net	20,406	20,244
Right-of-use assets ("ROU")	14,531	15,291
Goodwill	38,838	35,466
Interest receivable and other assets	22,757	19,518
Total Assets	2,168,814	1,994,177
LIABILITIES AND SHAREHOLDERS' EQUITY
Noninterest and interest bearing deposits	1,778,727	1,701,183
Lease liabilities	14,892	15,599
Salary continuation plan	3,738	3,658
Interest payable and other liabilities	9,634	11,275
Other borrowings	100,000
Junior subordinated deferrable interest debentures, net	8,262	8,242
Total liabilities	1,915,253	1,739,957
Commitments and contingencies (Note 16)
Shareholders' equity
Preferred stock - no par value; 10,000,000 shares authorized; no shares issued and outstanding at both March 31, 2020 and December 31, 2019
Common stock - no par value; 100,000,000 shares authorized; 12,229,848 and 12,444,632 shares issued and outstanding at March 31, 2020 and December 31, 2019, respectively	179,756	184,043
Additional paid in capital	287	287
Accumulated other comprehensive income, net of tax	2,061	1,251
Retained earnings	71,457	68,639
Total shareholders' equity	253,561	254,220
Total Liabilities and Shareholders' Equity	$ 2,168,814	$ 1,994,177

CONDENSED CONSOLIDATED BALANC_2

CONDENSED CONSOLIDATED BALANCE SHEETS (Parenthetical) - USD ($) $ in Thousands	3 Months Ended	12 Months Ended
	Mar. 31, 2020	Dec. 31, 2019
CONDENSED CONSOLIDATED BALANCE SHEETS
Loans, net of allowance for loan losses of $9,100 and $7,400 at March 31, 2020 and December 31, 2019, respectively	$ 9,100	$ 7,400
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	12,229,848	12,444,632
Common Stock, Shares, Outstanding	12,229,848	12,444,632

CONDENSED CONSOLIDATED STATEMEN

CONDENSED CONSOLIDATED STATEMENTS OF INCOME - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Interest income:
Loans, including fees	$ 20,620	$ 13,550
Investment securities and interest bearing deposits in banks	1,635	2,654
FHLB dividends	126	92
FRB dividends	109	61
Total interest and dividend income	22,490	16,357
Interest expense:
Deposits	2,328	1,346
Subordinated debt	118	146
Other borrowings	7
Total interest expense	2,453	1,492
Net interest income	20,037	14,865
Provision for loan losses	1,713	277
Net interest income after provision for loan losses	18,324	14,588
Noninterest income:
Gain on sale of loans	642	190
Service charges and other fees	705	733
Loan servicing and other loan fees	646	410
Other income and fees	585	787
Total noninterest income	2,578	2,120
Noninterest expense:
Salaries and employee benefits	8,708	5,963
Occupancy and equipment	1,811	1,110
Data processing	3,623	924
Other expense	2,776	1,751
Total noninterest expense	16,918	9,748
Income before provision for income taxes	3,984	6,960
Provision for income taxes	1,166	2,019
Net income	$ 2,818	$ 4,941
Earnings per common share :
Basic earnings per common share	$ 0.23	$ 0.45
Weighted average shares outstanding	12,343,565	10,891,564
Diluted earnings per common share	$ 0.23	$ 0.45
Weighted average shares outstanding	12,343,565	10,891,564

CONDENSED CONSOLIDATED STATEM_2

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME
Net income	$ 2,818	$ 4,941
Other comprehensive income:
Change in unrealized gain on available-for-sale securities	1,127	833
Deferred tax expense	(317)	(236)
Other comprehensive income, net of tax	810	597
Total comprehensive income	$ 3,628	$ 5,538

CONDENSED CONSOLIDATED STATEM_3

CONDENSED CONSOLIDATED STATEMENT OF CHANGES IN SHAREHOLDERS' EQUITY - USD ($) $ in Thousands	Common Stock	Additional Paid in Capital	Accumulated Other Comprehensive Income/(Loss)	Retained Earnings	Total
Balance at Dec. 31, 2018	$ 149,248	$ 287	$ (103)	$ 51,321	$ 200,753
Balance (in shares) at Dec. 31, 2018	10,869,275
Net income				4,941	4,941
Other comprehensive income, net			597		597
Restricted stock granted (in shares)	22,289
Stock based compensation	$ 120				120
Balance at Mar. 31, 2019	$ 149,368	287	494	56,262	206,411
Balance (in shares) at Mar. 31, 2019	10,891,564
Balance at Dec. 31, 2018	$ 149,248	287	(103)	51,321	200,753
Balance (in shares) at Dec. 31, 2018	10,869,275
Net income				12,377	12,377
Other comprehensive income, net			757		757
Restricted stock granted (in shares)	55,046
Stock based compensation	$ 1,034				1,034
Issuance of shares	$ 44,598				44,598
Issuance of shares (in shares)	1,991,809
Repurchase of shares	$ (10,957)				(10,957)
Repurchase of shares (in shares)	(493,787)
Balance at Dec. 31, 2019	$ 184,043	287	1,251	68,639	254,220
Balance (in shares) at Dec. 31, 2019	12,444,632
Net income				2,818	2,818
Other comprehensive income, net			810		810
Restricted stock granted (in shares)	15,173
Restricted stock forfeited (In share)	(1,432)
Stock based compensation	$ 309				309
Repurchase of shares	$ (4,596)				(4,596)
Repurchase of shares (in shares)	(228,525)
Balance at Mar. 31, 2020	$ 179,756	$ 287	$ 2,061	$ 71,457	$ 253,561
Balance (in shares) at Mar. 31, 2020	12,229,848

CONDENSED CONSOLIDATED STATEM_4

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Cash flows from operating activities:
Net income	$ 2,818	$ 4,941
Adjustments to reconcile net income to net cash provided by operating activities:
Increase in deferred tax asset	(260)	(236)
Accretion on acquired loans	(1,324)	(577)
Gain on sale of loans	(642)	(190)
Proceeds from sale of loans	8,409	2,846
Loans originated for sale	(11,200)	(8,113)
Gain on sale of premises		(78)
Accretion on junior subordinated debentures	20	20
Increase in cash surrender value of life insurance policies securities	(162)	(164)
Provision for loan losses	1,713	277
Amortization/accretion of premium/discount on investment securities	187	135
Depreciation and amortization	472	301
Core deposit intangible amortization	473	389
Stock based compensation expense	309	120
Increase (decrease) in deferred loan origination fees, net	62	(8)
Increase in interest receivable and other assets	(937)	(6,035)
Increase in salary continuation plan, net	80	62
(Decrease) increase in interest payable and other liabilities	(2,982)	5,852
Net cash used in operating activities	(2,964)	(458)
Cash flows from investing activities:
Proceeds from maturities of interest bearing deposits in banks	1,235	499
Purchase of investment securities	(5,520)	(1,501)
Proceeds from the maturity and repayment of investment securities	6,808	4,694
Redemption of Federal Home Loan Bank stock	(165)	(66)
Purchase of Federal Reserve Bank stock	(760)	(85)
(Increase) decrease in loans, net	(63,988)	13,040
Purchase of equipment and leasehold improvements	(843)	(163)
Net cash paid out for acquisition	(8,432)
Net cash (used in) provided by investing activities	(71,335)	16,550
Cash flows from financing activities:
Decrease in noninterest and interest bearing deposits, net	(4,665)	(2,872)
Decrease in time deposits, net	(35,938)	(4,329)
Repurchase of common stock	(4,596)
Repayment of junior subordinated debentures	(1,575)
Increase in other borrowings	100,000
Net cash provided by (used in) financing activities	53,226	(7,201)
(Decrease) increase in cash and cash equivalents	(21,073)	8,891
Cash and cash equivalents at beginning of period	295,382	323,581
Cash and cash equivalents at end of period	274,309	332,472
Cash paid during the year for:
Interest expense	2,998	1,455
Income tax, net of refunds	3,780	1,676
Non-cash investing and financing activities:
Change in unrealized gain on available-for-sale securities, net of tax	810	597
Transfer of loans to other real estate owned	21
Recognition of ROU assets	760	7,834
Recognition of lease liability	707	$ 8,150
Acquisition:
Assets acquired, net of cash received	109,429
Liabilities assumed	120,409
Cash consideration	13,886
Goodwill	$ 3,372

BASIS OF PRESENTATION

BASIS OF PRESENTATION	3 Months Ended
	Mar. 31, 2020
BASIS OF PRESENTATION
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 16 years of operation, the Bank has grown to 35 full-service banking branches. The main headquarter office and a branch location are located in Walnut Creek, California and additional branch offices are located in Oakland, Castro Valley, Mountain View, Napa, Stockton (2), Pleasanton, Livermore, San Jose, Long Beach, Sacramento, San Francisco, Buena Park, Los Angeles, and Garden Grove, California, and Seattle, Washington (2), New Mexico (6) and Colorado (11). 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 consolidated audited financial statements and notes thereto for the year ended December 31, 2019. 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 income or shareholders’ equity. 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.

ACCOUNTING GUIDANCE NOT YET EFF

ACCOUNTING GUIDANCE NOT YET EFFECTIVE AND ADOPTED ACCOUNTING GUIDANCE	3 Months Ended
	Mar. 31, 2020
ACCOUNTING GUIDANCE NOT YET EFFECTIVE AND ADOPTED ACCOUNTING GUIDANCE
ACCOUNTING GUIDANCE NOT YET EFFECTIVE AND ADOPTED ACCOUNTING GUIDANCE	NOTE 2 - ACCOUNTING GUIDANCE NOT YET EFFECTIVE AND ADOPTED ACCOUNTING GUIDANCE In June 2016, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) No. 2016-13, Measurement of Credit Losses on Financial Instruments (Topic 326) and subsequent amendment to the initial guidance in November 2018, ASU No. 2018-19, Codification Improvements to Topic 326, Financial Instruments — Credit Losses, in April 2019, ASU 2019-04, Codification Improvements to Topic 326, Financial Instruments — Credit Losses, Topic 815, Derivatives and Hedging, and Topic 825, Financial Instruments, and in May 2019, ASU 2019-05 Financial Instruments — Credit Losses, Topic 326, all of which clarifies codification and corrects unintended application of the guidance. ASU 2016-13 significantly changes how entities will measure credit losses for most financial assets and certain other instruments that are not measured at fair value through net income. In issuing the standard, the FASB is responding to criticism that today’s guidance delays recognition of credit losses. The standard will replace today’s “incurred loss” approach with an “expected loss” model. The new model, referred to as the current expected credit loss (“CECL”) model, will apply to: (1) financial assets subject to credit losses and measured at amortized cost, and (2) certain off-balance sheet credit exposures. This includes, but is not limited to, loans, leases, held-to-maturity securities, loan commitments, and financial guarantees. The CECL model does not apply to available-for-sale (“AFS”) debt securities. For AFS debt securities with unrealized losses, entities will measure credit losses in a manner similar to what they do today, except that the losses will be recognized as allowances rather than reductions in the amortized cost of the securities. As a result, entities will recognize improvements to estimated credit losses immediately in earnings rather than as interest income over time, as they do today. The ASU also simplifies the accounting model for purchased credit-impaired (“PCI”) debt securities and loans. ASU 2016-13 also expands the disclosure requirements regarding an entity’s assumptions, models, and methods for estimating the allowance for loan and lease losses. In addition, public business entities will need to disclose the amortized cost balance for each class of financial asset by credit quality indicator, disaggregated by the year of origination. ASU 2018-19 clarifies that receivables arising from operating leases are accounted for using lease guidance and not as financial instruments. ASU 2019-04, “Codification Improvements to Topic 326, Financial Instruments — Credit Losses, Topic 815, Derivatives and Hedging, and Topic 825, Financial Instruments,” affects a variety of topics in the Codification and applies to all reporting entities within the scope of the affected accounting guidance. ASU 2019-05 allows entities to irrevocably elect, upon adoption of ASU 2016-13, the fair value option on financial instruments that (1) were previously recorded at amortized cost and (2) are within the scope of ASC 326-20 if the instruments are eligible for the fair value option under ASC 825-10. The fair value option election does not apply to held-to-maturity debt securities. Entities are required to make this election on an instrument-by-instrument basis. The amendments in these ASUs are effective for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2022, with early adoption permitted for smaller reporting companies, such as the Company. Entities will apply the standard’s provisions as a cumulative-effect adjustment to retained earnings as of the beginning of the first reporting period in which the guidance is effective (i.e., modified retrospective approach). The Company is reviewing the requirements of these ASUs and expects to begin developing and implementing processes and procedures to ensure it is fully compliant with the amendments at the adoption date. Upon adoption, the Company expects changes in the processes and procedures used to calculate the allowance for loan losses, including changes in assumptions and estimates to consider expected credit losses over the life of the loan versus the current accounting practice that utilizes the incurred loss model. The new guidance may result in an increase in the allowance for loan losses which will also reflect the new requirement to include the nonaccretable principal differences on purchased credit-impaired loans; however, the Company is still in the process of determining the magnitude of the change and its impact on the Company's consolidated financial statements. In January 2017, the FASB issued ASU No. 2017-04, Intangibles – Goodwill and Other (Topic 350): Simplifying the Accounting for Goodwill Impairment. This guidance removes Step 2 of the goodwill impairment test, which requires a hypothetical purchase price allocation, and goodwill impairment will simply be the amount by which a reporting unit’s carrying value exceeds its fair value, not to exceed the carrying amount of goodwill. All other goodwill impairment guidance will remain largely unchanged. Entities will continue to have the option to perform a qualitative assessment to determine if a quantitative impairment test is necessary. The amendments in this ASU are required for public business entities and other entities that have goodwill reported in their financial statements and have not elected the private company alternative for the subsequent measurement of goodwill. The Company adopted this ASU on January 1, 2020, with no material impact on its consolidated financial statements. In August 2018, the FASB issued ASU No. 2018-13, Fair Value Measurement (Topic 820): Disclosure Framework – Changes to the Disclosure Requirements for Fair Value Measurement . This ASU contains some technical adjustments related to the fair value disclosure requirements of public companies. Included in this ASU is the additional disclosure requirement of unrealized gains and losses for the period in recurring level 3 fair value disclosures and the range and weighted average of significant unobservable inputs, among other technical changes. The Company adopted ASU 2018-13 on January 1, 2020. The adoption of ASU 2018-13 did not have a material impact on the Company’s consolidated financial statements. In March 2019, the FASB issued ASU No. 2019-01, Leases (Topic 842) - Codification Improvements. The changes in this amendment include: (1) determining the fair value of the underlying asset by lessors that are not manufacturers or dealers; (2) presentation on the statement of cash flows – sales types and direct financing leases; and (3) transition disclosures related to Topic 250, Accounting Changes and Error Corrections. This ASU specifically provides an exception to the paragraph 250-10-50-3 that would otherwise have required interim disclosures in the period an accounting change including the effect of that change on income from continuing operations, net income, any other financial statement line item, and any affected per share amounts. For items 1 and 2, this ASU is effective for fiscal and interim periods beginning after December 15, 2019. Item 3 does not have an effective date because the amendments related to transition disclosures are included in Topic 842. The Company adopted ASU 2019-01 on January 1, 2020. The adoption of ASU 2019-01 did not have a material impact on the Company’s consolidated financial statements. In December 2019, the FASB issued ASU 2019-12, Income Taxes (Topic 740): Simplifying the Accounting for Income Taxes . ASU 2019-12 provides that state franchise or similar taxes that are based, at least in part on an entity’s income, be included in an entity’s income tax recognized as income-based taxes. The ASU further clarifies that the effect of any change in tax laws or rates used in the computation of the annual effective tax rate are required to be reflected in the first interim period that includes the enactment date of the legislation. Technical changes to eliminate exceptions to Topic 740 related to intra-period tax allocations for entities with losses from continuing operations, deferred tax liabilities related to change in ownership of foreign entities, and interim-period tax allocations for businesses with losses where the losses are expected to be realized. The amendments in ASU 2019-12 are effective for public business entities with fiscal years, and interim periods within those fiscal years, beginning after December 15, 2020. The Company does not expect ASU 2019-12 to have a material impact on its consolidated financial statement. In March 2020, the FASB issued ASU No. 2020-04, Reference Rate Reform (Topic 848): Facilitation of the Effects of reference Rate Reform on Financial Reporting . This ASU applies to contracts, hedging relationships and other transactions that reference LIBOR or other rate references expected to be discontinued because of reference rate reform. The ASU permits an entity to make necessary modifications to eligible contracts or transactions without requiring contract remeasurement or reassessment of a previous accounting determination. This ASU is effective for all entities as of March 12, 2020 through December 31, 2022. The Company does not expect the adoption of ASU 2020-04 to have a material impact on its consolidated financial statements. On March 22, 2020, federal banking regulators issued an interagency statement that included guidance on their approach for the accounting of loan modifications in light of the economic impact of the novel coronavirus of 2019 (“COVID-19”) pandemic. The guidance interprets current accounting standards and indicates that a lender can conclude that a borrower is not experiencing financial difficulty if short-term modifications are made in response to COVID-19, such as payment deferrals, fee waivers, extensions of repayment terms, or other delays in payment that are insignificant related to the loans in which the borrower is less than 30 days past due on its contractual payments at the time a modification program is implemented. The agencies confirmed in working with the staff of the FASB that short-term modifications made on a good faith basis in response to COVID-19 to borrowers who were current prior to any relief are not troubled debt restructurings.

ACQUISITIONS

ACQUISITIONS	3 Months Ended
	Mar. 31, 2020
ACQUISITIONS
ACQUISITIONS	NOTE 3 – ACQUISITIONS On February 4, 2020, the Company completed its acquisition of Grand Mountain Bancshares, Inc. (“GMB”) in Colorado. As of the acquisition date, GMB merged into the Company and Grand Mountain Bank, GMB’s wholly owned bank subsidiary, merged into United Business Bank. The acquisition increased the Company’s market share in Colorado with the addition of four branches located in Grand County, Colorado. Under the terms of the merger agreement, the Company paid GMB shareholders $3.40 in cash for each share or approximately $13.9 million. On October 21, 2019, the Company completed its acquisition of TIG Bancorp (“TIG”). As of the acquisition date, TIG merged into the Company and First State Bank of Colorado, TIG’s wholly owned bank subsidiary, merged into United Business Bank. The acquisition expanded the Company’s market area into the State of Colorado with the addition of seven branches throughout Colorado. The Company paid TIG shareholders an aggregate of 876,803 shares of its common stock and paid an aggregate cash consideration of $20.2 million. The total consideration transferred was $39.9 million. On May 24, 2019, the Company completed its acquisition of Uniti Financial Corporation (“UFC”). As of the acquisition date, UFC merged into the Company and Uniti Bank, UFC’s wholly owned bank subsidiary, merged into United Business Bank. The acquisition increased the Company’s market share in California through the addition of three branch offices located in Southern California. The Company paid UFC shareholders an aggregate of 1,115,006 shares of its common stock and paid aggregate cash consideration of $37.8 million. The total consideration transferred was $62.7 million. The following table summarizes the fair value of the assets acquired and liabilities assumed at the acquisition date: GMB TIG Uniti Acquisition Acquisition Acquisition Date Date Date February 4, 2020 October 21, 2019 May 24, 2019 Fair value of assets: Cash and due from banks $ 5,494 $ 6,146 $ 6,392 Federal funds sold — 55,955 22,080 Total cash and cash equivalents 5,494 62,101 28,472 Interest bearing deposits in banks 16,040 — — Investment securities available-for-sale 4,369 26,382 5,096 FHLB stock, at par 165 241 1,535 FRB stock, at par — 792 — Loans, net 98,410 137,183 276,719 Premises and equipment, net 3,879 3,480 463 OREO — 42 76 Core deposit intangible 949 3,038 566 Deferred tax assets, net 728 308 234 Servicing asset — — 1,824 Interest receivable and other assets 929 2,079 3,033 Total assets acquired 130,923 235,646 318,018 Liabilities: Deposits Noninterest bearing 30,937 77,157 143,082 Interest bearing 87,210 125,597 122,704 Total Deposits 118,147 202,754 265,786 Interest payable and other liabilities 687 2,014 1,386 Junior subordinated debentures, net 1,575 — — Total liabilities assumed 120,409 204,768 267,172 Stock issued — 19,711 24,887 Cash consideration 13,886 20,184 37,814 Goodwill $ 3,372 $ 9,017 $ 11,855 The following table presents the net assets acquired and the estimated fair value adjustments, which resulted in goodwill at the acquisition date: GMB TIG Uniti Acquisition Acquisition Acquisition Date Date Date February 4, 2020 October 21, 2019 May 24, 2019 Book value of net assets acquired $ 10,348 $ 29,164 $ 47,445 Fair value adjustments: Investments available-for-sale (10) (627) — Loans, net 484 382 4,617 Premises and equipment, net (1,000) 180 — Write-down on OREO — (18) (32) Core deposit intangible 949 3,038 566 Tax assets (139) (774) (695) Time deposits (25) (308) (250) Write-down on servicing assets — — (805) Junior subordinated debentures, net (98) — — Write-down other (assets) liabilities 5 (159) — Total purchase accounting adjustments 166 1,714 3,401 Fair value of net assets acquired 10,514 30,878 50,846 Price paid: Common stock issued — 19,711 24,887 Cash paid 13,886 20,184 37,814 Total price paid 13,886 39,895 62,701 Goodwill $ 3,372 $ 9,017 $ 11,855 Pro Forma Results of Operations The operating results of the Company for the three months ended March 31, 2020 in the condensed consolidated statements of income include the operating results of UFC, TIG and GMB, since their respective acquisition dates. The following table represents the net interest income, net income, basic and diluted earnings per share, as if the mergers with UFC, TIG and GMB were effective January 1, 2019. The unaudited pro forma information in the following table is intended for informational purposes only and is not necessarily indicative of future operating results or operating results that would have occurred had the mergers been completed at the beginning of the respective years. No assumptions have been applied to the pro forma results of operation regarding possible revenue enhancements, expense efficiencies or asset dispositions. Unaudited pro forma net interest income, net income and earnings per share are presented below: Three months ended, March 31 2020 2019 Net interest income $ 20,439 $ 22,090 Net income 2,021 6,526 Basic earnings per share $ 0.16 $ 0.51 Diluted earnings per share 0.16 0.51 These amounts include the third-party acquisition related expenses, accretion of the discounts on acquired loans and amortization of the fair value mark adjustments on core deposit intangible. Acquisition expenses Third-party acquisition related expenses are recognized as incurred and continue until the acquired system is converted and operational functions become fully integrated. The Company incurred third-party acquisition related expenses in the consolidated statements of income for the periods indicated are as follows: Three months ended March 31, 2020 2019 Professional fees $ 369 $ — Data processing 2,000 — Severance expense 266 — Other expenses 383 — Total $ 3,018 $ —

INVESTMENT SECURITIES

INVESTMENT SECURITIES	3 Months Ended
	Mar. 31, 2020
INVESTMENT SECURITIES
INVESTMENT SECURITIES	NOTE 4 – INVESTMENT SECURITIES The amortized cost, gross unrealized gains and losses, and estimated fair values of securities available-for-sale at the dates indicated are summarized as follows: Gross Gross Amortized unrealized unrealized Estimated March 31, 2020 cost gains losses fair value U.S. Treasuries $ 1,000 $ 2 $ — $ 1,002 U.S. Government Agencies 8,034 107 (13) 8,128 Municipal securities 18,800 404 (6) 19,198 Mortgage-backed securities 40,896 1,746 (167) 42,475 Collateralized mortgage obligations 33,472 943 (56) 34,359 SBA securities 8,801 18 (44) 8,775 Corporate bonds 10,028 82 (132) 9,978 Total $ 121,031 $ 3,302 $ (418) $ 123,915 Gross Gross Amortized unrealized unrealized Estimated December 31, 2019 cost gains losses fair value U.S. Treasuries $ 999 $ — $ — $ 999 U.S. Government Agencies 10,033 64 (7) 10,090 Municipal securities 17,888 408 (5) 18,291 Mortgage-backed securities 42,931 860 (48) 43,743 Collateralized mortgage obligations 28,197 476 (68) 28,605 SBA securities 9,550 2 (66) 9,486 Corporate bonds 8,534 141 — 8,675 Total $ 118,132 $ 1,951 $ (194) $ 119,889 During the three months ended March 31, 2020 and 2019, the Company did not sell any securities available-for-sale. The estimated fair value and gross unrealized losses for securities available-for-sale aggregated by the length of time that individual securities have been in a continuous unrealized loss position at the dates indicated are as follows: Less than 12 months 12 months or more Total Estimated Unrealized Estimated Unrealized Estimated Unrealized March 31, 2020 fair value loss fair value loss fair value loss U.S. Treasuries $ — $ — $ — $ — $ — $ — U.S. Government Agencies — — 1,505 (13) 1,505 (13) Municipal securities 2,693 (4) 516 (2) 3,209 (6) Mortgage-backed securities 9,874 (156) 267 (11) 10,141 (167) Collateralized mortgage obligations 4,608 (29) 852 (27) 5,460 (56) SBA securities 2,303 (2) 1,773 (42) 4,076 (44) Corporate bonds 3,015 (132) — — 3,015 (132) Total $ 22,493 $ (323) $ 4,913 $ (95) $ 27,406 $ (418) Less than 12 months 12 months or more Total Estimated Unrealized Estimated Unrealized Estimated Unrealized December 31, 2019 fair value loss fair value loss fair value loss U.S. Treasuries $ — $ — $ — $ — $ — $ — U.S. Government Agencies 1,497 (1) 1,514 (6) 3,011 (7) Municipal securities 3,147 (5) — — 3,147 (5) Mortgage-backed securities 7,772 (47) 81 (1) 7,853 (48) Collateralized mortgage obligations 4,155 (56) 883 (12) 5,038 (68) SBA securities 6,937 (24) 1,530 (42) 8,467 (66) Corporate bonds — — — — — — Total $ 23,508 $ (133) $ 4,008 $ (61) $ 27,516 $ (194) At March 31, 2020, the Company held 308 investment securities, of which 15 were in an unrealized loss position for more than twelve months and 84 were in an unrealized loss position for less than twelve months. These temporary unrealized losses relate principally to current interest rates for similar types of securities. The Company anticipates full recovery of amortized cost with respect to these securities at maturity or sooner in the event of a more favorable market interest rate environment. Additional deterioration in market and economic conditions related to the COVID_19 pandemic may, however, have an adverse impact on credit quality in the future and result in other-than-temporary impairment charges. The amortized cost and estimated fair value of securities available-for-sale at the dates indicated 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. March 31, 2020 December 31, 2019 Amortized Estimated Amortized Estimated cost fair value cost fair value Available-for-sale Due in one year or less $ 10,482 $ 10,559 $ 10,737 $ 10,781 Due after one through five years 24,753 25,401 24,078 24,560 Due after five years through ten years 26,938 27,598 22,914 23,366 Due after ten years 58,858 60,357 60,403 61,182 Total $ 121,031 $ 123,915 $ 118,132 $ 119,889

LOANS

LOANS	3 Months Ended
	Mar. 31, 2020
LOANS
LOANS	NOTE 5 - LOANS The Company’s loan portfolio at the dates indicated is summarized below: March 31, December 31, 2020 2019 Commercial and industrial $ 185,679 $ 169,291 Construction and land 43,659 36,321 Commercial real estate 1,184,282 1,093,142 Residential 206,540 156,764 Consumer 7,069 2,562 Total loans 1,627,229 1,458,080 Net deferred loan fees (513) (451) Allowance for loan losses (9,100) (7,400) Net loans $ 1,617,616 $ 1,450,229 The Company’s total impaired loans, including nonaccrual loans, loans modified as troubled debt restructurings (“TDR loans”), and accreting purchase credit impaired (“PCI”) loans that have experienced post-acquisition declines in cash flows expected to be collected are summarized as follows: Commercial Construction Commercial and industrial and land real estate Residential Consumer Total March 31, 2020 Recorded investment in impaired loans: With no specific allowance recorded $ 312 $ 2,773 $ 3,698 $ 1,759 $ — $ 8,542 With a specific allowance recorded 317 — 270 — — 587 Total recorded investment in impaired loans $ 629 $ 2,773 $ 3,968 $ 1,759 $ — $ 9,129 Specific allowance on impaired loans 218 — 64 — — 282 December 31, 2019 Recorded investment in impaired loans: With no specific allowance recorded $ 436 $ 2,737 $ 2,505 $ 1,488 $ 1 $ 7,167 With a specific allowance recorded 182 — 270 — 12 464 Total recorded investment in impaired loans $ 618 $ 2,737 $ 2,775 $ 1,488 $ 13 $ 7,631 Specific allowance on impaired loans 95 — 64 — 12 171 Three months ended March 31, 2020 Average recorded investment in impaired loans $ 1,454 $ 2,489 $ 2,361 $ 871 $ 3 $ 7,178 Interest recognized — — 172 — — 172 Three months ended March 31, 2019 Average recorded investment in impaired loans 2,372 — 1,344 650 — 4,366 Interest recognized 33 — 20 1 — 54 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. Impaired loans on accrual are comprised solely of TDRs performing under modified loan agreements, whose principal and interest is determined to be collectible. Nonaccrual loans are loans where principal and interest have been determined to not be fully collectible. In situations where, for economic or legal reasons related to a borrower’s financial difficulties, the Company grants a concession to the borrower that it would not otherwise consider, the related loan is classified as a TDR loan. TDR loans are generally placed on nonaccrual status at the time of restructuring and included in impaired loans. These loans are returned to accrual status after the borrower demonstrates performance with the modified terms for a sustained period of time (generally six months) and has the capacity to continue to perform in accordance with the modified terms of the restructured debt. At March 31, 2020, TDR loans totaled $4.3 million, compared to $4.4 million at December 31, 2019. At March 31, 2020 and at December 31, 2019, $787,000 and $789,000, respectively, of TDR loans were accruing and performing in accordance with their modified terms. There are no commitments to lend additional amounts to borrowers with outstanding loans that are classified as TDR loans at March 31, 2020. All TDR loans are also included in the loans individually evaluated for impairment as part of the calculation of the allowance for loan losses. The following tables present loans by class, modified as TDR loans, for the periods indicated: Number of Rate Term Interest only Rate & term Three months ended March 31, 2020 loans modification modification modification modification Total Commercial and industrial 3 $ — $ 322 $ — $ — $ 322 Construction and land 1 — 2,737 — — 2,737 Commercial real estate 2 — 1,217 — — 1,217 Residential — — — — — — Consumer — — — — — — Total 6 $ — $ 4,276 $ — $ — $ 4,276 Number of Rate Term Interest only Rate & term Three months ended March 31, 2019 loans modification modification modification modification Total Commercial and industrial 2 $ — $ 176 $ — $ 321 $ 497 Construction and land — — — — — — Commercial real estate — — — — — — Residential — — — — — — Consumer — — — — — — Total 2 $ — $ 176 $ — $ 321 $ 497 For the three months ended March 31, 2020 and 2019, the Company recorded no charge-offs related to TDR loans. During the three months ended March 31, 2020, there were no TDR loans for which there was a payment default within the first 12 months of the modification. The Coronavirus Aid, Relief, and Economic Security Act of 2020 (“CARES Act”), signed into law on March 27, 2020, provided guidance around the modification of loans as a result of the COVID-19 pandemic, which outlined, among other criteria, that short-term modifications made on a good faith basis to borrowers who were current as defined under the CARES Act prior to any relief, are not TDRs. This includes short-term (e.g. six months) modifications such as payment deferrals, fee waivers, extensions of repayment terms, or other delays in payment that are insignificant. To qualify as an eligible loan under the CARES Act, a loan modification must be (1) related to the COVID_19 pandemic; (2) executed on a loan that was not more than 30 days past due as of December 31, 2019; and (3) executed between March 1, 2020, and the earlier of (A) 60 days after the date of termination of the National Emergency by the President or (B) December 31, 2020. Risk Rating System The Company evaluates and assigns a risk grade to each loan based on certain criteria to assess the credit quality of each loan. The assignment of a risk rating is done for each individual loan. Loans are graded from inception and on a continuing basis until the debt is repaid. Any adverse or beneficial trends will trigger a review of the loan risk rating. 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. Loans that are assigned higher risk grades are loans that exhibit the following characteristics: Special Mention loans have potential weaknesses that deserve close attention. If left uncorrected, these potential weaknesses may result in a deterioration of the repayment prospects for the loan or in the Company’s credit position at some future date. Special Mention loans are not adversely classified and do not expose the Company to sufficient risk to warrant adverse classification. A Special Mention rating is a temporary rating, pending the occurrence of an event that would cause the risk rating either to improve or to be downgraded. Loans in this category would be characterized by any of the following situations: · Credit that is currently protected but is potentially a weak asset; · Credit that is difficult to manage because of an inadequate loan agreement, the condition of and/or control over collateral, failure to obtain proper documentation, or any other deviation from product lending practices; and · Adverse financial trends. Substandard loans are inadequately protected by the current net worth and paying capacity of the obligor or of the collateral pledged. Loans classified substandard must have a well-defined weakness or weaknesses that jeopardize the liquidation of the debt. Loans 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. A loan can be fully and adequately secured and still be considered Substandard. Some characteristics of Substandard loans are: · Inability to service debt from ordinary and recurring cash flow; · Chronic delinquency; · Reliance upon alternative sources of repayment; · Term loans that are granted on liberal terms because the borrower cannot service normal payments for that type of debt; · Repayment dependent upon the liquidation of collateral; · Inability to perform as agreed, but adequately protected by collateral; · Necessity to renegotiate payments to a non-standard level to ensure performance; and · The borrower is bankrupt, or for any other reason, future repayment is dependent on court action. Doubtful loans have all the weaknesses inherent in loans classified as Substandard with the added characteristic that the weaknesses make collection or liquidation in full, based on currently existing facts, conditions, and value, highly questionable and improbable. Doubtful loans have a high probability of loss, yet certain important and reasonably specific pending factors may work toward the strengthening of the credit. 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 previously charged off are credited to the allowance for loan losses. The following tables present the internally assigned risk grade by class of loans at the dates indicated: Special March 31, 2020 Pass mention Substandard Doubtful Total Commercial and industrial $ 182,938 $ 947 $ 1,794 $ — $ 185,679 Construction and land 40,114 177 3,368 — 43,659 Commercial real estate 1,163,018 14,914 6,350 — 1,184,282 Residential 203,495 857 2,188 — 206,540 Consumer 7,062 — 7 — 7,069 Total $ 1,596,627 $ 16,895 $ 13,707 $ — $ 1,627,229 Special December 31, 2019 Pass mention Substandard Doubtful Total Commercial and industrial $ 166,613 $ 1,166 $ 1,512 $ — $ 169,291 Construction and land 32,879 93 3,349 — 36,321 Commercial real estate 1,071,771 16,021 5,350 — 1,093,142 Residential 153,484 1,215 2,065 — 156,764 Consumer 2,541 — 21 — 2,562 Total $ 1,427,288 $ 18,495 $ 12,297 $ — $ 1,458,080 The following tables provide an aging of the Company’s loans receivable as of the dates indicated: Recorded 90 Days investment > 30-59 Days 60-89 Days or more Total Total loans 90 days and March 31, 2020 past due past due past due past due Current PCI loans receivable accruing Commercial and industrial $ 977 $ 1,750 $ 659 $ 3,386 $ 181,828 $ 465 $ 185,679 $ 29 Construction and land 457 35 3,054 3,546 39,884 229 43,659 317 Commercial real estate 5,084 — 2,627 7,711 1,162,411 14,160 1,184,282 — Residential 2,446 41 1,096 3,583 199,746 3,211 206,540 — Consumer 12 — 1 13 7,054 2 7,069 1 Total $ 8,976 $ 1,826 $ 7,437 $ 18,239 $ 1,590,923 $ 18,067 $ 1,627,229 $ 347 Recorded 90 Days investment > 30-59 Days 60-89 Days or more Total Total loans 90 days and December 31, 2019 past due past due past due past due Current PCI loans receivable accruing Commercial and industrial $ 923 $ 1,480 $ 207 $ 2,610 $ 166,137 $ 544 $ 169,291 $ 26 Construction and land 325 88 2,961 3,374 32,724 223 36,321 224 Commercial real estate 4,668 4,698 1,460 10,826 1,068,211 14,105 1,093,142 — Residential 531 122 1,392 2,045 152,261 2,458 156,764 — Consumer 14 — 13 27 2,533 2 2,562 — Total $ 6,461 $ 6,388 $ 6,033 $ 18,882 $ 1,421,866 $ 17,332 $ 1,458,080 $ 250 At March 31, 2020 and December 31, 2019, there were $347,000 and $250,000, respectively, of loans greater than 90 days past due and still accruing interest. The balance of nonaccrual loans guaranteed by a government agency, which reduces the Company’s credit exposure, was $1.2 million at both March 31, 2020 and December 31, 2019. Interest foregone on nonaccrual loans was approximately $101,500 and $42,000 for the three months ended March 31, 2020 and March 31, 2019, respectively. At March 31, 2020, there were no residential loans in the process of foreclosure. 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 unpaid principal balance and carrying value of the Company’s PCI loans at the dates indicated are as follows: March 31, 2020 December 31, 2019 Unpaid Unpaid principal Carrying principal Carrying balance value balance value Commercial and industrial $ 1,135 $ 465 $ 1,225 $ 544 Construction and land 321 229 338 223 Commercial real estate 16,054 14,160 15,930 14,105 Residential 4,121 3,211 3,238 2,458 Consumer 7 2 8 2 Total $ 21,638 $ 18,067 $ 20,739 $ 17,332 The following table summarized the accretable yield on the purchased credit impaired loans for the periods indicated: Three months ended March 31, 2020 2019 Balance at beginning of period $ 554 $ 256 Additions 308 — Removals (127) (2) Accretion (141) (23) Balance at end of period $ 594 $ 231

ALLOWANCE FOR LOAN LOSSES

ALLOWANCE FOR LOAN LOSSES	3 Months Ended
	Mar. 31, 2020
ALLOWANCE FOR LOAN LOSSES
ALLOWANCE FOR LOAN LOSSES	NOTE 6 – ALLOWANCE FOR LOAN LOSSES The following tables provide additional information on the allowance for loan losses and loan balances individually and collectively evaluated for impairment at or for the periods indicated: Commercial Construction Commercial Three months ended March 31, 2020 and industrial and land real estate Residential Consumer Unallocated Total Allowance for loan losses Beginning balance $ 1,762 $ 164 $ 4,926 $ 421 $ 14 $ 113 $ 7,400 Charge-offs — — — (1) (16) — (17) Recoveries 4 — — — — — 4 Provision (reclassification) for loan losses 578 (57) 881 107 5 199 1,713 Ending balance $ 2,344 $ 107 $ 5,807 $ 527 $ 3 $ 312 $ 9,100 March 31, 2020 Allowance for loan losses related to: Loans individually evaluated for impairment $ 218 $ — $ 64 $ — $ — $ — $ 282 Loans collectively evaluated for impairment 2,126 107 5,743 527 3 312 8,818 PCI loans — — — — — — — Loans receivable Individually evaluated for impairment $ 629 $ $ $ 1,759 $ — $ — $ 9,129 Collectively evaluated for impairment 184,585 40,657 1,166,154 201,570 7,067 — 1,600,033 PCI loans 465 229 14,160 3,211 2 — 18,067 Total loans $ 185,679 $ 43,659 $ 1,184,282 $ 206,540 $ 7,069 $ — $ 1,627,229 Commercial Construction Commercial Three months ended March 31, 2019 and industrial and land real estate Residential Consumer Unallocated Total Allowance for loan losses Beginning balance $ 1,017 $ 327 $ 3,214 $ 215 $ 3 $ 364 $ 5,140 Charge-offs — — (17) — (4) — (21) Recoveries 9 — — — — — 9 Provision for loan losses 109 13 129 20 3 3 277 Ending balance $ 1,135 $ 340 $ 3,326 $ 235 $ 2 $ 367 $ 5,405 March 31, 2019 Allowance for loan losses related to: Loans individually evaluated for impairment $ 10 $ — $ — $ — $ — $ — $ 10 Loans collectively evaluated for impairment 1,125 340 3,326 235 2 367 5,395 PCI loans — — — — — — — Loans receivable Individually evaluated for impairment $ 2,388 $ — $ 1,342 $ 645 $ — $ — $ 4,375 Collectively evaluated for impairment 124,188 45,445 679,973 98,050 1,553 — 949,209 PCI loans 4 224 9,740 1,772 — — 11,740 Total loans $ 126,580 $ 45,669 $ 691,055 $ 100,467 $ 1,553 $ — $ 965,324

GOODWILL AND INTANGIBLE ASSETS

GOODWILL AND INTANGIBLE ASSETS	3 Months Ended
	Mar. 31, 2020
GOODWILL AND INTANGIBLE ASSETS
GOODWILL AND INTANGIBLE ASSETS	NOTE 8 – GOODWILL AND INTANGIBLE ASSETS Goodwill is determined as the excess of the fair value of the consideration transferred, plus the fair value of any noncontrolling interests in the acquiree, over the fair value of the net assets acquired and the liabilities assumed as of the acquisition date. The Company’s goodwill is assigned to the Bank and is evaluated for impairment at the Bank level (reporting unit). Goodwill that arises from a business combination is evaluated for impairment at least annually, at the reporting unit level. Intangible assets with definite useful lives are amortized over their estimated useful lives to their estimated residual values. Core deposit intangible represents the estimated future benefit of deposits related to an acquisition and is booked separately from the related deposits and amortized over an estimated useful live of seven to ten years. As of March 31, 2020, and December 31, 2019, goodwill totaled $38.8 million and $35.5 million and core deposit intangible totaled $9.7 million and $9.2 million from business combinations, respectively. A significant decline in expected future cash flows, a significant adverse change in the business climate, slower growth rates or a significant decline in the price of our common stock could necessitate taking charges in the future related to the impairment of goodwill or core deposit intangibles. The core deposit intangible assets represent the value ascribed to the long-term deposit relationships acquired and is being amortized over an estimated average useful life of seven years. At March 31, 2020, the weighted average remaining useful life was 3.6 years. Changes in the Company's goodwill for the periods indicated are as follows: March 31, December 31, 2020 2019 Balance at beginning of period $ 35,466 $ 14,594 Acquired goodwill 3,372 20,872 Impairment — — Balance at end of period $ 38,838 $ 35,466 Impairment exists when a reporting unit’s carrying value of goodwill exceeds its fair value. As of March 31, 2020, the Company had positive equity, however, a result of the COVID-19 pandemic, the Company elected to perform a qualitative assessment to determine if it was more likely than not that the fair value of the Company exceeded its’ carrying value, including goodwill. The qualitative assessment indicated that it was more likely than not that its fair value exceeded its’ carrying value, resulting in no impairment. If adverse economic conditions or the recent decrease in our stock price and market capitalization as a result of the COVID-19 pandemic were to be deemed sustained rather than temporary, it may significantly affect the fair value of our goodwill and may trigger impairment charges. Any impairment charge could have a material adverse effect on our results of operations and financial condition. Changes in the Company’s core deposit intangible for the periods indicated were as follows: March 31, December 31, 2020 2019 Balance at beginning of period $ 9,185 $ 7,205 Additions 949 3,604 Less amortization (473) (1,624) Balance at end of period $ 9,661 $ 9,185 Amortization expense in other noninterest expense on the consolidated statements of income totaled $473,000 and $1.6 million for the three months ended March 31, 2020 and year ended December 31, 2019, respectively. The following table presents the estimated amortization expense with respect to core deposit intangibles as of March 31, 2020 for the periods indicated: For the remainder of 2020 $ 1,359 1,813 1,813 1,034 970 Thereafter 2,672 Total $ 9,661

INTEREST RECEIVABLE AND OTHER A

INTEREST RECEIVABLE AND OTHER ASSETS	3 Months Ended
	Mar. 31, 2020
INTEREST RECEIVABLE AND OTHER ASSETS
INTEREST RECEIVABLE AND OTHER ASSETS	NOTE 9 – INTEREST RECEIVABLE AND OTHER ASSETS The Company’s interest receivable and other assets at the dates indicated consisted of the following: March 31, December 31, 2020 2019 Tax assets, net $ 7,913 $ 5,922 Accrued interest receivable 5,677 5,495 Investment in Small Business Investment Company ("SBIC") Funds 2,616 2,272 Prepaid assets 1,665 1,160 Servicing assets 1,984 2,097 Low income housing partnerships, net 1,059 1,171 Investment in statutory trusts 477 475 All other 1,366 926 Total $ 22,757 $ 19,518

DEPOSITS

DEPOSITS	3 Months Ended
	Mar. 31, 2020
DEPOSITS
DEPOSITS	NOTE 10 – DEPOSITS The Company’s deposits consisted of the following at the dates indicated: March 31, December 31, 2020 2019 Demand deposits $ 602,750 $ 572,341 NOW accounts and savings 366,155 314,125 Money market 509,878 489,206 Time deposits under $250,000 176,570 189,063 Time deposits over $250,000 123,374 136,448 Total $ 1,778,727 $ 1,701,183 At March 31, 2020 and December 31, 2019, the weighted average stated rate on the Company’s interest bearing deposits were 0.64% and 0.86%, respectively.

BORROWINGS

BORROWINGS	3 Months Ended
	Mar. 31, 2020
BORROWINGS
BORROWINGS	NOTE 11 - BORROWINGS 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. On March 24, 2020, the Company secured $100.0 million in FHLB advances. The average cost of these advances is 28.5 basis points with $50.0 million maturing April 24, 2020 and $50.0 million maturing May 24, 2020. There were no outstanding borrowings under this facility at December 31, 2019. The Company has a Federal Funds line with four corresponding banks. Cumulative available commitments totaled $55.0 million and $40.5 at March 31, 2020 and December 31, 2019, respectively. There were no amounts outstanding under these facilities at March 31, 2020 and December 31, 2019.

INTEREST PAYABLE AND OTHER LIAB

INTEREST PAYABLE AND OTHER LIABILITIES	3 Months Ended
	Mar. 31, 2020
INTEREST PAYABLE AND OTHER LIABILITIES
INTEREST PAYABLE AND OTHER LIABILITIES	NOTE 12 - INTEREST PAYABLE AND OTHER LIABILITIES The Company’s interest payable and other liabilities at the dates indicated consisted of the following: March 31, December 31, 2020 2019 Accrued expenses $ 5,769 $ 6,241 CDARs deferred fees 266 320 Accounts payable 1,529 2,175 Reserve for unfunded commitments 415 415 Accrued interest payable 1,219 1,607 All other 436 517 Total $ 9,634 $ 11,275

OTHER EXPENSES

OTHER EXPENSES	3 Months Ended
	Mar. 31, 2020
OTHER EXPENSES
OTHER EXPENSES	NOTE 13 – OTHER EXPENSES The Company’s other expenses for the periods indicated consisted of the following: Three months ended March 31, 2020 2019 Professional fees $ 895 $ 95 Core deposit premium amortization 473 389 Marketing and promotions 330 209 Stationary and supplies 146 137 Insurance (including FDIC premiums) 55 156 Communication and postage 194 96 Loan default related expense 125 63 Director fees and stock compensation 78 121 Bank service charges 34 11 Courier expense 190 113 Other 256 361 Total $ 2,776 $ 1,751

EQUITY INCENTIVE PLANS

EQUITY INCENTIVE PLANS	3 Months Ended
	Mar. 31, 2020
EQUITY INCENTIVE PLANS
EQUITY INCENTIVE PLANS	NOTE 14 – 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. 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 or five-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. As of March 31, 2020, a total of 265,140 shares are available for future issuance under the 2017 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 were 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, 2020 and 2019, total compensation expense for these plans was $309,000 and $120,000, respectively. As of March 31, 2020, there was $2.9 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 the restricted stock grant activity for the periods indicated: Three months ended March 31, 2020 2019 Weighted-average Weighted-average grant date grant date Shares fair value Shares fair value Non-vested at January 1, 142,103 $ 20.76 131,000 $ 19.18 Granted 15,173 22.60 22,289 22.38 Vested (23,435) 19.62 (19,253) 19.51 Forfeited (1,432) 18.93 — — Non-vested, at March 31 132,409 $ 22.10 134,036 $ 20.76

FAIR VALUE MEASUREMENT

FAIR VALUE MEASUREMENT	3 Months Ended
	Mar. 31, 2020
FAIR VALUE MEASUREMENT
FAIR VALUE OF FINANCIAL INSTRUMENTS	NOTE 15 – FAIR VALUE MEASUREMENT The following tables have information about the Company’s assets and liabilities measured at fair value and the fair value techniques used to determine such fair value. The fair value hierarchy prioritizes the inputs to valuation techniques used to measure fair value into three broad levels (Level 1, Level 2, and Level 3). Level 1 – Inputs are unadjusted quoted prices in active markets (as defined) for identical assets or liabilities that the Company has the ability to access at the measurement date. Level 2 – Inputs are inputs other than quoted prices include quoted prices for similar assets and liabilities in active markets, and inputs other than quoted prices that are observable for the asset or liability such as interest rates and yield curves that are observable at commonly quoted intervals. Level 3 – Inputs are unobservable inputs for the asset or liability, and include situations where there is little, if any, market activity for the asset or liability. 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 2020 or 2019. The following assets are measured at fair value on a recurring basis at the dates indicated: March 31, 2020 Total Level 1 Level 2 Level 3 U.S. Treasuries $ 1,002 $ 1,002 $ — $ — U.S. Government Agencies 8,128 — 8,128 — Municipal securities 19,198 — 19,198 — Mortgage-backed securities 42,475 — 42,475 — Collateralized mortgage obligations 34,359 — 34,359 — SBA securities 8,775 — 8,775 — Corporate bonds 9,978 — 9,978 — Total $ 123,915 $ 1,002 $ 122,913 $ — December 31, 2019 Total Level 1 Level 2 Level 3 U.S. Treasuries $ 999 $ 999 $ — $ — U.S. Government Agencies 10,090 — 10,090 — Municipal securities 18,291 — 18,291 — Mortgage-backed securities 43,743 — 43,743 — Collateralized mortgage obligations 28,605 — 28,605 — SBA securities 9,486 — 9,486 — Corporate bonds 8,675 — 8,675 — Total $ 119,889 $ 999 $ 118,890 $ — The following assets are measured at fair value on a nonrecurring basis as of the dates indicated: March 31, 2020 Total Level 1 Level 2 Level 3 Performing impaired loans $ 787 $ — $ — $ 787 Nonperforming impaired loans 8,342 — — 8,342 OREO 595 — — 595 Total $ 9,724 $ — $ — $ 9,724 December 31, 2019 Total Level 1 Level 2 Level 3 Performing impaired loans $ 789 $ — $ — $ 789 Nonperforming impaired loans 6,842 — — 6,842 OREO 574 — — 574 Total $ 8,205 $ — $ — $ 8,205 The Company does not record loans at fair value on a recurring basis. However, from time to time, a loan may be considered impaired and an allowance for loan losses is established. 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 and liquidation value and discounted cash flows. Those impaired loans not requiring an allowance represent loans for which the fair value of the expected repayments or collateral exceed the recorded investments in such loans. When the fair value of the collateral is based on an observable market price or a current appraised value, which uses substantially observable data, the Company records the impaired loan as nonrecurring Level 2. When an appraised value is not available or management determines the fair value of the collateral is further impaired below the appraised value or the appraised value contains a significant assumption and there is no observable market price, the Company records the impaired loan as nonrecurring Level 3. The Company records OREO at fair value on a nonrecurring basis based on the collateral value of the property. When the fair value of the collateral is based on an observable market price or a current appraised value, which uses substantially observable data, the Company records the OREO as nonrecurring Level 2. When an appraised value is not available or management determines the fair value of the collateral is further impaired below the appraised value or the appraised value contains a significant assumption, and there is no observable market price, the Company records the impaired loan as nonrecurring Level 3. Adjustments are routinely made in the appraisal process by the appraisers to adjust for differences between the comparable sales and income data available. Management also incorporates assumptions regarding market trends or other relevant factors and selling and commission costs ranging from 5% to 7%. Such adjustments and assumptions are typically significant and result in a Level 3 classification of the inputs for determining fair value. The carrying amounts and fair values of the Company’s financial instruments at the dates indicated are presented below: Carrying Fair Fair value measurements March 31, 2020 amount value Level 1 Level 2 Level 3 Financial assets: Cash and cash equivalents $ 274,309 $ 274,309 $ 274,309 $ — $ — Interest bearing deposits in banks 16,544 16,544 16,544 — — Investment securities available-for-sale 121,031 123,915 1,002 122,913 — Loans held for sale 198 198 — 198 — Loans, net 1,617,616 1,623,994 — — 1,623,994 Other equity securities 14,665 14,665 14,665 — — Accrued interest receivable 5,677 5,677 — 5,677 — Financial liabilities: Deposits 1,778,727 1,782,148 — 1,782,148 — Other borrowings 100,000 100,000 — 100,000 — Junior subordinated deferrable interest debentures, net 8,262 8,006 — — 8,006 Accrued interest payable 1,219 1,219 — 1,219 — Off-balance sheet liabilities: Undisbursed loan commitments, lines of credit, standby letters of credit 131,431 131,016 — — 131,016 Carrying Fair Fair value measurements December 31, 2019 amount value Level 1 Level 2 Level 3 Financial assets: Cash and cash equivalents $ 295,382 $ 295,382 $ 295,382 $ — $ — Interest bearing deposits in banks 1,739 1,739 1,739 — — Investment securities available-for-sale 118,132 119,889 999 118,890 — Loans held for sale 2,226 2,226 — 2,226 — Loans, net 1,450,229 1,453,067 — — 1,453,067 Other equity securities 13,905 13,905 13,905 — — Accrued interest receivable 5,495 5,495 — 5,495 — Financial liabilities: Deposits 1,701,183 1,704,428 — 1,704,428 — Junior subordinated deferrable interest debentures, net 8,242 8,086 — — 8,086 Accrued interest payable 1,607 1,607 — 1,607 — Off-balance sheet liabilities: Undisbursed loan commitments, lines of credit, standby letters of credit 128,934 128,519 — — 128,519

COMMITMENTS AND CONTINGENCIES

COMMITMENTS AND CONTINGENCIES	3 Months Ended
	Mar. 31, 2020
COMMITMENTS AND CONTINGENCIES
COMMITMENTS AND CONTINGENCIES	NOTE 16 – COMMITMENTS AND CONTINGENCIES Lending and Letter of Credit Commitments In the normal course of business, the Company enters into various commitments to extend credit, which are not reflected in the financial statements. These commitments consist of the undisbursed balance on personal, commercial lines, including commercial real estate secured lines of credit, and of undisbursed funds on construction and development loans. At March 31, 2020 and December 31, 2019, undisbursed commitments totaled $129.1 million and $126.6 million, respectively. In addition, at both March 31, 2020 and December 31, 2019, the Company has issued standby letter of credit commitments, primarily issued for the third-party performance obligations of clients totaling $2.3 million. There were no outstanding balances at March 31, 2020 and December 31, 2019. Commitments generally have fixed expiration dates or other termination clauses. The actual liquidity needs or the credit risk that the Company will experience will be lower than the contractual amount of commitments to extend credit because a significant portion of these commitments are expected to expire without being drawn upon. The commitments are generally variable rate and include unfunded home equity lines of credit, commercial real estate construction where disbursement is made over the course of construction, commercial revolving lines of credit, and unsecured personal lines of credit. The Company’s outstanding loan commitments are made using the same underwriting standards as comparable outstanding loans. The reserve associated with these commitments included in interest payable and other liabilities on the consolidated balance sheets was $415,000 at both March 31, 2020 and December 31, 2019. Commercial Real Estate Concentrations At March 31, 2020 and December 31, 2019, in management’s judgment, a concentration of loans existed in commercial real estate related loans. The Company’s commercial real estate loans are secured by owner-occupied and non-owner occupied commercial real estate and multifamily properties. Although management believes that loans within these concentrations have no more than the normal risk of collectability, a decline in the performance of the economy in general or a decline in real estate value in the Company’s primary market areas in particular, could have an adverse impact on collectability. Other Assets The Company has commitments to fund Low Income Housing Tax Credit Partnerships (“LIHTC”) and a Small Business Investment Company (“SBIC”). At both March 31, 2020 and December 31, 2019, the remaining commitments to the LIHTC and SBIC were approximately $3.0 million and $473,000, respectively. Deposits At March 31, 2020, approximately $150.0 million, or 8.4%, of the Company's deposits were derived from its top ten depositors. At December 31, 2019, approximately $157.0 million, or 9.2%, of the Company's deposits were derived from its top ten depositors. Local Agency Deposits and Other Advances In the normal course of business, the Company accepts deposits from local agencies. The Company is required to provide collateral for certain local agency deposits in the states of California, Colorado, New Mexico and Washington. As of March 31, 2020 and December 31, 2019, the FHLB issued letters of credit on behalf of the Company totaling $26.5 million and $21.5 million, respectively, as collateral for local agency deposits.

BASIS OF PRESENTATION (Policies

BASIS OF PRESENTATION (Policies)	3 Months Ended
	Mar. 31, 2020
BASIS OF PRESENTATION
Revenue Recognition	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.

ACQUISITIONS (Tables)

ACQUISITIONS (Tables)	3 Months Ended
	Mar. 31, 2020
Schedule of fair value of the assets acquired and liabilities assumed	The following table summarizes the fair value of the assets acquired and liabilities assumed at the acquisition date: GMB TIG Uniti Acquisition Acquisition Acquisition Date Date Date February 4, 2020 October 21, 2019 May 24, 2019 Fair value of assets: Cash and due from banks $ 5,494 $ 6,146 $ 6,392 Federal funds sold — 55,955 22,080 Total cash and cash equivalents 5,494 62,101 28,472 Interest bearing deposits in banks 16,040 — — Investment securities available-for-sale 4,369 26,382 5,096 FHLB stock, at par 165 241 1,535 FRB stock, at par — 792 — Loans, net 98,410 137,183 276,719 Premises and equipment, net 3,879 3,480 463 OREO — 42 76 Core deposit intangible 949 3,038 566 Deferred tax assets, net 728 308 234 Servicing asset — — 1,824 Interest receivable and other assets 929 2,079 3,033 Total assets acquired 130,923 235,646 318,018 Liabilities: Deposits Noninterest bearing 30,937 77,157 143,082 Interest bearing 87,210 125,597 122,704 Total Deposits 118,147 202,754 265,786 Interest payable and other liabilities 687 2,014 1,386 Junior subordinated debentures, net 1,575 — — Total liabilities assumed 120,409 204,768 267,172 Stock issued — 19,711 24,887 Cash consideration 13,886 20,184 37,814 Goodwill $ 3,372 $ 9,017 $ 11,855
Schedule of net assets acquired and the estimated fair value adjustments, which resulted in goodwill at the acquisition date	The following table presents the net assets acquired and the estimated fair value adjustments, which resulted in goodwill at the acquisition date: GMB TIG Uniti Acquisition Acquisition Acquisition Date Date Date February 4, 2020 October 21, 2019 May 24, 2019 Book value of net assets acquired $ 10,348 $ 29,164 $ 47,445 Fair value adjustments: Investments available-for-sale (10) (627) — Loans, net 484 382 4,617 Premises and equipment, net (1,000) 180 — Write-down on OREO — (18) (32) Core deposit intangible 949 3,038 566 Tax assets (139) (774) (695) Time deposits (25) (308) (250) Write-down on servicing assets — — (805) Junior subordinated debentures, net (98) — — Write-down other (assets) liabilities 5 (159) — Total purchase accounting adjustments 166 1,714 3,401 Fair value of net assets acquired 10,514 30,878 50,846 Price paid: Common stock issued — 19,711 24,887 Cash paid 13,886 20,184 37,814 Total price paid 13,886 39,895 62,701 Goodwill $ 3,372 $ 9,017 $ 11,855
Schedule of Acquisition Related Expenses	Third-party acquisition related expenses are recognized as incurred and continue until the acquired system is converted and operational functions become fully integrated. The Company incurred third-party acquisition related expenses in the consolidated statements of income for the periods indicated are as follows: Three months ended March 31, 2020 2019 Professional fees $ 369 $ — Data processing 2,000 — Severance expense 266 — Other expenses 383 — Total $ 3,018 $ —
Pro Forma
Schedule of unaudited proforma net interest income, net income and earnings per share	Unaudited pro forma net interest income, net income and earnings per share are presented below: Three months ended, March 31 2020 2019 Net interest income $ 20,439 $ 22,090 Net income 2,021 6,526 Basic earnings per share $ 0.16 $ 0.51 Diluted earnings per share 0.16 0.51

INVESTMENT SECURITIES (Tables)

INVESTMENT SECURITIES (Tables)	3 Months Ended
	Mar. 31, 2020
INVESTMENT SECURITIES
Schedule of amortized cost and estimated fair values of securities available-for-sale	The amortized cost, gross unrealized gains and losses, and estimated fair values of securities available-for-sale at the dates indicated are summarized as follows: Gross Gross Amortized unrealized unrealized Estimated March 31, 2020 cost gains losses fair value U.S. Treasuries $ 1,000 $ 2 $ — $ 1,002 U.S. Government Agencies 8,034 107 (13) 8,128 Municipal securities 18,800 404 (6) 19,198 Mortgage-backed securities 40,896 1,746 (167) 42,475 Collateralized mortgage obligations 33,472 943 (56) 34,359 SBA securities 8,801 18 (44) 8,775 Corporate bonds 10,028 82 (132) 9,978 Total $ 121,031 $ 3,302 $ (418) $ 123,915 Gross Gross Amortized unrealized unrealized Estimated December 31, 2019 cost gains losses fair value U.S. Treasuries $ 999 $ — $ — $ 999 U.S. Government Agencies 10,033 64 (7) 10,090 Municipal securities 17,888 408 (5) 18,291 Mortgage-backed securities 42,931 860 (48) 43,743 Collateralized mortgage obligations 28,197 476 (68) 28,605 SBA securities 9,550 2 (66) 9,486 Corporate bonds 8,534 141 — 8,675 Total $ 118,132 $ 1,951 $ (194) $ 119,889
Schedule of available-for-sale securities, continuous unrealized loss position, fair value	The estimated fair value and gross unrealized losses for securities available-for-sale aggregated by the length of time that individual securities have been in a continuous unrealized loss position at the dates indicated are as follows: Less than 12 months 12 months or more Total Estimated Unrealized Estimated Unrealized Estimated Unrealized March 31, 2020 fair value loss fair value loss fair value loss U.S. Treasuries $ — $ — $ — $ — $ — $ — U.S. Government Agencies — — 1,505 (13) 1,505 (13) Municipal securities 2,693 (4) 516 (2) 3,209 (6) Mortgage-backed securities 9,874 (156) 267 (11) 10,141 (167) Collateralized mortgage obligations 4,608 (29) 852 (27) 5,460 (56) SBA securities 2,303 (2) 1,773 (42) 4,076 (44) Corporate bonds 3,015 (132) — — 3,015 (132) Total $ 22,493 $ (323) $ 4,913 $ (95) $ 27,406 $ (418) Less than 12 months 12 months or more Total Estimated Unrealized Estimated Unrealized Estimated Unrealized December 31, 2019 fair value loss fair value loss fair value loss U.S. Treasuries $ — $ — $ — $ — $ — $ — U.S. Government Agencies 1,497 (1) 1,514 (6) 3,011 (7) Municipal securities 3,147 (5) — — 3,147 (5) Mortgage-backed securities 7,772 (47) 81 (1) 7,853 (48) Collateralized mortgage obligations 4,155 (56) 883 (12) 5,038 (68) SBA securities 6,937 (24) 1,530 (42) 8,467 (66) Corporate bonds — — — — — — Total $ 23,508 $ (133) $ 4,008 $ (61) $ 27,516 $ (194)
Schedule of investments classified by contractual maturity date	The amortized cost and estimated fair value of securities available-for-sale at the dates indicated 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. March 31, 2020 December 31, 2019 Amortized Estimated Amortized Estimated cost fair value cost fair value Available-for-sale Due in one year or less $ 10,482 $ 10,559 $ 10,737 $ 10,781 Due after one through five years 24,753 25,401 24,078 24,560 Due after five years through ten years 26,938 27,598 22,914 23,366 Due after ten years 58,858 60,357 60,403 61,182 Total $ 121,031 $ 123,915 $ 118,132 $ 119,889

LOANS (Tables)

LOANS (Tables)	3 Months Ended
	Mar. 31, 2020
LOANS
Schedule of accounts, notes, loans and financing receivable	The Company’s loan portfolio at the dates indicated is summarized below: March 31, December 31, 2020 2019 Commercial and industrial $ 185,679 $ 169,291 Construction and land 43,659 36,321 Commercial real estate 1,184,282 1,093,142 Residential 206,540 156,764 Consumer 7,069 2,562 Total loans 1,627,229 1,458,080 Net deferred loan fees (513) (451) Allowance for loan losses (9,100) (7,400) Net loans $ 1,617,616 $ 1,450,229
Schedule of impaired financing receivables	The Company’s total impaired loans, including nonaccrual loans, loans modified as troubled debt restructurings (“TDR loans”), and accreting purchase credit impaired (“PCI”) loans that have experienced post-acquisition declines in cash flows expected to be collected are summarized as follows: Commercial Construction Commercial and industrial and land real estate Residential Consumer Total March 31, 2020 Recorded investment in impaired loans: With no specific allowance recorded $ 312 $ 2,773 $ 3,698 $ 1,759 $ — $ 8,542 With a specific allowance recorded 317 — 270 — — 587 Total recorded investment in impaired loans $ 629 $ 2,773 $ 3,968 $ 1,759 $ — $ 9,129 Specific allowance on impaired loans 218 — 64 — — 282 December 31, 2019 Recorded investment in impaired loans: With no specific allowance recorded $ 436 $ 2,737 $ 2,505 $ 1,488 $ 1 $ 7,167 With a specific allowance recorded 182 — 270 — 12 464 Total recorded investment in impaired loans $ 618 $ 2,737 $ 2,775 $ 1,488 $ 13 $ 7,631 Specific allowance on impaired loans 95 — 64 — 12 171 Three months ended March 31, 2020 Average recorded investment in impaired loans $ 1,454 $ 2,489 $ 2,361 $ 871 $ 3 $ 7,178 Interest recognized — — 172 — — 172 Three months ended March 31, 2019 Average recorded investment in impaired loans 2,372 — 1,344 650 — 4,366 Interest recognized 33 — 20 1 — 54
Schedule of debtor troubled debt restructuring, current period	The following tables present loans by class, modified as TDR loans, for the periods indicated: Number of Rate Term Interest only Rate & term Three months ended March 31, 2020 loans modification modification modification modification Total Commercial and industrial 3 $ — $ 322 $ — $ — $ 322 Construction and land 1 — 2,737 — — 2,737 Commercial real estate 2 — 1,217 — — 1,217 Residential — — — — — — Consumer — — — — — — Total 6 $ — $ 4,276 $ — $ — $ 4,276 Number of Rate Term Interest only Rate & term Three months ended March 31, 2019 loans modification modification modification modification Total Commercial and industrial 2 $ — $ 176 $ — $ 321 $ 497 Construction and land — — — — — — Commercial real estate — — — — — — Residential — — — — — — Consumer — — — — — — Total 2 $ — $ 176 $ — $ 321 $ 497
Schedule of financing receivable credit quality indicators	The following tables present the internally assigned risk grade by class of loans at the dates indicated: Special March 31, 2020 Pass mention Substandard Doubtful Total Commercial and industrial $ 182,938 $ 947 $ 1,794 $ — $ 185,679 Construction and land 40,114 177 3,368 — 43,659 Commercial real estate 1,163,018 14,914 6,350 — 1,184,282 Residential 203,495 857 2,188 — 206,540 Consumer 7,062 — 7 — 7,069 Total $ 1,596,627 $ 16,895 $ 13,707 $ — $ 1,627,229 Special December 31, 2019 Pass mention Substandard Doubtful Total Commercial and industrial $ 166,613 $ 1,166 $ 1,512 $ — $ 169,291 Construction and land 32,879 93 3,349 — 36,321 Commercial real estate 1,071,771 16,021 5,350 — 1,093,142 Residential 153,484 1,215 2,065 — 156,764 Consumer 2,541 — 21 — 2,562 Total $ 1,427,288 $ 18,495 $ 12,297 $ — $ 1,458,080
Schedule of past due financing receivables	The following tables provide an aging of the Company’s loans receivable as of the dates indicated: Recorded 90 Days investment > 30-59 Days 60-89 Days or more Total Total loans 90 days and March 31, 2020 past due past due past due past due Current PCI loans receivable accruing Commercial and industrial $ 977 $ 1,750 $ 659 $ 3,386 $ 181,828 $ 465 $ 185,679 $ 29 Construction and land 457 35 3,054 3,546 39,884 229 43,659 317 Commercial real estate 5,084 — 2,627 7,711 1,162,411 14,160 1,184,282 — Residential 2,446 41 1,096 3,583 199,746 3,211 206,540 — Consumer 12 — 1 13 7,054 2 7,069 1 Total $ 8,976 $ 1,826 $ 7,437 $ 18,239 $ 1,590,923 $ 18,067 $ 1,627,229 $ 347 Recorded 90 Days investment > 30-59 Days 60-89 Days or more Total Total loans 90 days and December 31, 2019 past due past due past due past due Current PCI loans receivable accruing Commercial and industrial $ 923 $ 1,480 $ 207 $ 2,610 $ 166,137 $ 544 $ 169,291 $ 26 Construction and land 325 88 2,961 3,374 32,724 223 36,321 224 Commercial real estate 4,668 4,698 1,460 10,826 1,068,211 14,105 1,093,142 — Residential 531 122 1,392 2,045 152,261 2,458 156,764 — Consumer 14 — 13 27 2,533 2 2,562 — Total $ 6,461 $ 6,388 $ 6,033 $ 18,882 $ 1,421,866 $ 17,332 $ 1,458,080 $ 250
Schedule of purchase credit impaired loans	The unpaid principal balance and carrying value of the Company’s PCI loans at the dates indicated are as follows: March 31, 2020 December 31, 2019 Unpaid Unpaid principal Carrying principal Carrying balance value balance value Commercial and industrial $ 1,135 $ 465 $ 1,225 $ 544 Construction and land 321 229 338 223 Commercial real estate 16,054 14,160 15,930 14,105 Residential 4,121 3,211 3,238 2,458 Consumer 7 2 8 2 Total $ 21,638 $ 18,067 $ 20,739 $ 17,332
Schedule of changes in the accretable yield of PCI loans	The following table summarized the accretable yield on the purchased credit impaired loans for the periods indicated: Three months ended March 31, 2020 2019 Balance at beginning of period $ 554 $ 256 Additions 308 — Removals (127) (2) Accretion (141) (23) Balance at end of period $ 594 $ 231

ALLOWANCE FOR LOAN LOSSES (Tabl

ALLOWANCE FOR LOAN LOSSES (Tables)	3 Months Ended
	Mar. 31, 2020
ALLOWANCE FOR LOAN LOSSES
Schedule of Allowance for loan losses for loan losses	The following tables provide additional information on the allowance for loan losses and loan balances individually and collectively evaluated for impairment at or for the periods indicated: Commercial Construction Commercial Three months ended March 31, 2020 and industrial and land real estate Residential Consumer Unallocated Total Allowance for loan losses Beginning balance $ 1,762 $ 164 $ 4,926 $ 421 $ 14 $ 113 $ 7,400 Charge-offs — — — (1) (16) — (17) Recoveries 4 — — — — — 4 Provision (reclassification) for loan losses 578 (57) 881 107 5 199 1,713 Ending balance $ 2,344 $ 107 $ 5,807 $ 527 $ 3 $ 312 $ 9,100 March 31, 2020 Allowance for loan losses related to: Loans individually evaluated for impairment $ 218 $ — $ 64 $ — $ — $ — $ 282 Loans collectively evaluated for impairment 2,126 107 5,743 527 3 312 8,818 PCI loans — — — — — — — Loans receivable Individually evaluated for impairment $ 629 $ $ $ 1,759 $ — $ — $ 9,129 Collectively evaluated for impairment 184,585 40,657 1,166,154 201,570 7,067 — 1,600,033 PCI loans 465 229 14,160 3,211 2 — 18,067 Total loans $ 185,679 $ 43,659 $ 1,184,282 $ 206,540 $ 7,069 $ — $ 1,627,229 Commercial Construction Commercial Three months ended March 31, 2019 and industrial and land real estate Residential Consumer Unallocated Total Allowance for loan losses Beginning balance $ 1,017 $ 327 $ 3,214 $ 215 $ 3 $ 364 $ 5,140 Charge-offs — — (17) — (4) — (21) Recoveries 9 — — — — — 9 Provision for loan losses 109 13 129 20 3 3 277 Ending balance $ 1,135 $ 340 $ 3,326 $ 235 $ 2 $ 367 $ 5,405 March 31, 2019 Allowance for loan losses related to: Loans individually evaluated for impairment $ 10 $ — $ — $ — $ — $ — $ 10 Loans collectively evaluated for impairment 1,125 340 3,326 235 2 367 5,395 PCI loans — — — — — — — Loans receivable Individually evaluated for impairment $ 2,388 $ — $ 1,342 $ 645 $ — $ — $ 4,375 Collectively evaluated for impairment 124,188 45,445 679,973 98,050 1,553 — 949,209 PCI loans 4 224 9,740 1,772 — — 11,740 Total loans $ 126,580 $ 45,669 $ 691,055 $ 100,467 $ 1,553 $ — $ 965,324

PREMISES AND EQUIPMENT (Tables)

PREMISES AND EQUIPMENT (Tables)	3 Months Ended
	Mar. 31, 2020
PREMISES AND EQUIPMENT
Schedule of Premises and Equipment	Premises and equipment consisted of the following at the dates indicated: March 31, December 31, 2020 2019 Premises owned $ 11,529 $ 7,906 Leasehold improvements 2,975 2,362 Furniture, fixtures and equipment 5,473 5,053 Less accumulated depreciation and amortization (5,198) (4,792) Total premises and equipment, net $ 14,779 $ 10,529
Schedule of Lease payments	For the remainder of 2020 $ 3,415 3,023 2,520 1,845 1,391 Thereafter 4,056 Total lease payments 16,250 Less: interest (1,358) Present value of lease liabilities $ 14,892
Schedule of Weighted average operating lease term and discount rate	The following table presents the weighted average operating lease term and discount rate at the date indicated: March 31, 2020 Weighted-average remaining lease term 6.36 years Weighted-average discount rate 2.70 %

GOODWILL AND INTANGIBLE ASSETS

GOODWILL AND INTANGIBLE ASSETS (Tables)	3 Months Ended
	Mar. 31, 2020
GOODWILL AND INTANGIBLE ASSETS
Schedule of company's goodwill	Changes in the Company's goodwill for the periods indicated are as follows: March 31, December 31, 2020 2019 Balance at beginning of period $ 35,466 $ 14,594 Acquired goodwill 3,372 20,872 Impairment — — Balance at end of period $ 38,838 $ 35,466
Schedule of finite-lived intangible assets	Changes in the Company’s core deposit intangible for the periods indicated were as follows: March 31, December 31, 2020 2019 Balance at beginning of period $ 9,185 $ 7,205 Additions 949 3,604 Less amortization (473) (1,624) Balance at end of period $ 9,661 $ 9,185
Schedule of estimated core deposit intangible amortization	The following table presents the estimated amortization expense with respect to core deposit intangibles as of March 31, 2020 for the periods indicated: For the remainder of 2020 $ 1,359 1,813 1,813 1,034 970 Thereafter 2,672 Total $ 9,661

INTEREST RECEIVABLE AND OTHER_2

INTEREST RECEIVABLE AND OTHER ASSETS (Tables)	3 Months Ended
	Mar. 31, 2020
INTEREST RECEIVABLE AND OTHER ASSETS
Schedule of Interest receivable and other assets	The Company’s interest receivable and other assets at the dates indicated consisted of the following: March 31, December 31, 2020 2019 Tax assets, net $ 7,913 $ 5,922 Accrued interest receivable 5,677 5,495 Investment in Small Business Investment Company ("SBIC") Funds 2,616 2,272 Prepaid assets 1,665 1,160 Servicing assets 1,984 2,097 Low income housing partnerships, net 1,059 1,171 Investment in statutory trusts 477 475 All other 1,366 926 Total $ 22,757 $ 19,518

OTHER EXPENSES (Tables)

OTHER EXPENSES (Tables)	3 Months Ended
	Mar. 31, 2020
OTHER EXPENSES
Schedule of other expenses	The Company’s other expenses for the periods indicated consisted of the following: Three months ended March 31, 2020 2019 Professional fees $ 895 $ 95 Core deposit premium amortization 473 389 Marketing and promotions 330 209 Stationary and supplies 146 137 Insurance (including FDIC premiums) 55 156 Communication and postage 194 96 Loan default related expense 125 63 Director fees and stock compensation 78 121 Bank service charges 34 11 Courier expense 190 113 Other 256 361 Total $ 2,776 $ 1,751

EQUITY INCENTIVE PLANS (Tables)

EQUITY INCENTIVE PLANS (Tables)	3 Months Ended
	Mar. 31, 2020
EQUITY INCENTIVE PLANS
Schedule of nonvested restricted stock units activity	The following table provides the restricted stock grant activity for the periods indicated: Three months ended March 31, 2020 2019 Weighted-average Weighted-average grant date grant date Shares fair value Shares fair value Non-vested at January 1, 142,103 $ 20.76 131,000 $ 19.18 Granted 15,173 22.60 22,289 22.38 Vested (23,435) 19.62 (19,253) 19.51 Forfeited (1,432) 18.93 — — Non-vested, at March 31 132,409 $ 22.10 134,036 $ 20.76

FAIR VALUE MEASUREMENT (Tables)

FAIR VALUE MEASUREMENT (Tables)	3 Months Ended
	Mar. 31, 2020
FAIR VALUE MEASUREMENT
Schedule of fair value, assets measured on recurring basis	The following assets are measured at fair value on a recurring basis at the dates indicated: March 31, 2020 Total Level 1 Level 2 Level 3 U.S. Treasuries $ 1,002 $ 1,002 $ — $ — U.S. Government Agencies 8,128 — 8,128 — Municipal securities 19,198 — 19,198 — Mortgage-backed securities 42,475 — 42,475 — Collateralized mortgage obligations 34,359 — 34,359 — SBA securities 8,775 — 8,775 — Corporate bonds 9,978 — 9,978 — Total $ 123,915 $ 1,002 $ 122,913 $ — December 31, 2019 Total Level 1 Level 2 Level 3 U.S. Treasuries $ 999 $ 999 $ — $ — U.S. Government Agencies 10,090 — 10,090 — Municipal securities 18,291 — 18,291 — Mortgage-backed securities 43,743 — 43,743 — Collateralized mortgage obligations 28,605 — 28,605 — SBA securities 9,486 — 9,486 — Corporate bonds 8,675 — 8,675 — Total $ 119,889 $ 999 $ 118,890 $ —
Schedule of fair value measurements, nonrecurring	The following assets are measured at fair value on a nonrecurring basis as of the dates indicated: March 31, 2020 Total Level 1 Level 2 Level 3 Performing impaired loans $ 787 $ — $ — $ 787 Nonperforming impaired loans 8,342 — — 8,342 OREO 595 — — 595 Total $ 9,724 $ — $ — $ 9,724 December 31, 2019 Total Level 1 Level 2 Level 3 Performing impaired loans $ 789 $ — $ — $ 789 Nonperforming impaired loans 6,842 — — 6,842 OREO 574 — — 574 Total $ 8,205 $ — $ — $ 8,205
Schedule of estimated fair value of financial instruments	The carrying amounts and fair values of the Company’s financial instruments at the dates indicated are presented below: Carrying Fair Fair value measurements March 31, 2020 amount value Level 1 Level 2 Level 3 Financial assets: Cash and cash equivalents $ 274,309 $ 274,309 $ 274,309 $ — $ — Interest bearing deposits in banks 16,544 16,544 16,544 — — Investment securities available-for-sale 121,031 123,915 1,002 122,913 — Loans held for sale 198 198 — 198 — Loans, net 1,617,616 1,623,994 — — 1,623,994 Other equity securities 14,665 14,665 14,665 — — Accrued interest receivable 5,677 5,677 — 5,677 — Financial liabilities: Deposits 1,778,727 1,782,148 — 1,782,148 — Other borrowings 100,000 100,000 — 100,000 — Junior subordinated deferrable interest debentures, net 8,262 8,006 — — 8,006 Accrued interest payable 1,219 1,219 — 1,219 — Off-balance sheet liabilities: Undisbursed loan commitments, lines of credit, standby letters of credit 131,431 131,016 — — 131,016 Carrying Fair Fair value measurements December 31, 2019 amount value Level 1 Level 2 Level 3 Financial assets: Cash and cash equivalents $ 295,382 $ 295,382 $ 295,382 $ — $ — Interest bearing deposits in banks 1,739 1,739 1,739 — — Investment securities available-for-sale 118,132 119,889 999 118,890 — Loans held for sale 2,226 2,226 — 2,226 — Loans, net 1,450,229 1,453,067 — — 1,453,067 Other equity securities 13,905 13,905 13,905 — — Accrued interest receivable 5,495 5,495 — 5,495 — Financial liabilities: Deposits 1,701,183 1,704,428 — 1,704,428 — Junior subordinated deferrable interest debentures, net 8,242 8,086 — — 8,086 Accrued interest payable 1,607 1,607 — 1,607 — Off-balance sheet liabilities: Undisbursed loan commitments, lines of credit, standby letters of credit 128,934 128,519 — — 128,519

ACQUISITIONS (Details)

ACQUISITIONS (Details) - USD ($) $ in Thousands	Oct. 21, 2019	May 24, 2019	Mar. 31, 2020	Feb. 04, 2020	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Fair value of Assets:
Cash and due from banks			$ 40,230		$ 23,476
Federal funds sold			234,079		271,906
Total cash and cash equivalents			274,309		295,382
Interest bearing deposits in banks			16,544		1,739
FHLB stock, at par			7,174		7,174
FRB stock, at par			7,491		6,731
Loans, net			1,623,994		1,453,067
Other real estate owned ("OREO")			595		574
Core deposit intangible			9,661		9,185
Servicing asset			1,984		2,097
Other assets			22,757		19,518
Interest receivable and other assets			22,757		19,518
Deposits
Noninterest bearing			1,778,727		1,701,183
Total deposits			1,778,727		1,701,183
Other borrowings			100,000
Total liabilities assumed			1,915,253		1,739,957
Goodwill			$ 38,838		$ 35,466	$ 35,466	$ 14,594
TIG Bancorp
Fair value of Assets:
Cash and due from banks	$ 6,146
Federal funds sold	55,955
Total cash and cash equivalents	62,101
Investment securities	26,382
FHLB stock, at par	241
FRB stock, at par	792
Loans, net	137,183
Premises and equipment	3,480
Other real estate owned ("OREO")	42
Core deposit intangible	3,038
Deferred tax assets, net	308
Servicing asset
Interest receivable and other assets	2,079
Total assets acquired	235,646
Deposits
Noninterest bearing	77,157
Interest bearing	125,597
Total deposits	202,754
Interest payable and other liabilities	2,014
Junior subordinated debentures, net
Total liabilities assumed	204,768
Stock issued	19,711
Cash consideration	20,184
Goodwill	$ 9,017
GMB
Fair value of Assets:
Cash and due from banks				$ 5,494
Total cash and cash equivalents				5,494
Interest bearing deposits in banks				16,040
Investment securities				4,369
FHLB stock, at par				165
FRB stock, at par
Loans, net				98,410
Premises and equipment				3,879
Core deposit intangible				949
Deferred tax assets, net				728
Servicing asset
Interest receivable and other assets				929
Total assets acquired				130,923
Deposits
Noninterest bearing				30,937
Interest bearing				87,210
Total deposits				118,147
Interest payable and other liabilities				687
Junior subordinated debentures, net				1,575
Total liabilities assumed				120,409
Cash consideration				13,886
Goodwill				$ 3,372
Uniti financial corporation
Fair value of Assets:
Cash and due from banks		$ 6,392
Federal funds sold		22,080
Total cash and cash equivalents		28,472
Investment securities		5,096
FHLB stock, at par		1,535
FRB stock, at par
Loans, net		276,719
Premises and equipment		463
Other real estate owned ("OREO")		76
Core deposit intangible		566
Deferred tax assets, net		234
Servicing asset		1,824
Interest receivable and other assets		3,033
Total assets acquired		318,018
Deposits
Noninterest bearing		143,082
Interest bearing		122,704
Total deposits		265,786
Interest payable and other liabilities		1,386
Junior subordinated debentures, net
Total liabilities assumed		267,172
Stock issued		24,887
Cash consideration		37,814
Goodwill		$ 11,855

ACQUISITIONS - Fair value of as

ACQUISITIONS - Fair value of assets (Details) - USD ($) $ in Thousands	Feb. 04, 2020	Oct. 21, 2019	May 24, 2019	Mar. 31, 2020	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Fair value of assets:
Loans,net				$ 1,617,616	$ 1,450,229
Premises and equipment, net				14,779	10,529
Core deposit intangible				9,661	9,185
Price paid:
Cash paid				8,432
Goodwill				$ 38,838	$ 35,466	$ 35,466	$ 14,594
TIG Bancorp
Book value of net assets acquired		$ 29,164
Fair value of assets:
Investments		(627)
Loans,net		382
Premises and equipment, net		180
Write-down on OREO		(18)
Core deposit intangible		3,038
Tax assets		(774)
Time deposits		(308)
Write-down other (assets) liabilities		(159)
Total purchase accounting adjustments		1,714
Fair value of net assets acquired		30,878
Price paid:
Common stock issued		19,711
Cash paid		20,184
Total price paid		39,895
Goodwill		$ 9,017
GMB
Book value of net assets acquired	$ 10,348
Fair value of assets:
Investments	(10)
Loans,net	484
Premises and equipment, net	(1,000)
Core deposit intangible	949
Tax assets	(139)
Time deposits	(25)
Junior subordinated debentures, net	(98)
Write-down other (assets) liabilities	5
Total purchase accounting adjustments	166
Fair value of net assets acquired	10,514
Price paid:
Cash paid	13,886
Total price paid	13,886
Goodwill	$ 3,372
Uniti financial corporation
Book value of net assets acquired			$ 47,445
Fair value of assets:
Investments
Loans,net			4,617
Premises and equipment, net
Write-down on OREO			(32)
Core deposit intangible			566
Tax assets			(695)
Time deposits			(250)
Write-down on servicing assets			(805)
Total purchase accounting adjustments			3,401
Fair value of net assets acquired			50,846
Price paid:
Common stock issued			24,887
Cash paid			37,814
Total price paid			62,701
Goodwill			$ 11,855

ACQUISITIONS - ProForma results

ACQUISITIONS - ProForma results of operations (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Net interest income	$ 20,037	$ 14,865
Pro Forma
Net interest income	20,439	22,090
Net income	$ 2,021	$ 6,526
Basic earnings per share	$ 0.16	$ 0.51
Diluted earnings per share	$ 0.16	$ 0.51

ACQUISITIONS - Acquisition rela

ACQUISITIONS - Acquisition related expenses (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Professional fees	$ 895	$ 95
Data processing	3,623	$ 924
GMB
Professional fees	369
Data processing	2,000
Severance expense	266
Other expenses	383
Total	$ 3,018

ACQUISITIONS - Additional infor

ACQUISITIONS - Additional information (Details) $ / shares in Units, $ in Thousands	Feb. 04, 2020USD ($)$ / shares	Oct. 21, 2019USD ($)itemshares	May 24, 2019USD ($)itemshares	Mar. 31, 2020USD ($)
Payments to Acquire Businesses, Net of Cash Acquired				$ 8,432
Business Acquisition, Share Price | $ / shares	$ 3.40
GMB
Business Combination, Consideration Transferred	$ 13,886
Payments to Acquire Businesses, Net of Cash Acquired	$ 13,886
TIG Bancorp
Number of Branch Offices | item		7
Business Acquisition, Equity Interest Issued or Issuable, Number of Shares | shares		876,803
Business Combination, Consideration Transferred		$ 39,895
Payments to Acquire Businesses, Net of Cash Acquired		$ 20,184
Uniti financial corporation
Number of Branch Offices | item			3
Business Acquisition, Equity Interest Issued or Issuable, Number of Shares | shares			1,115,006
Business Combination, Consideration Transferred			$ 62,701
Payments to Acquire Businesses, Net of Cash Acquired			$ 37,814

INVESTMENT SECURITIES - Amortiz

INVESTMENT SECURITIES - Amortized Cost, Gross Unrealized Gains and Losses, and Estimated Fair Values of Securities (Details) - USD ($) $ in Thousands	Mar. 31, 2020	Dec. 31, 2019
Amortized cost	$ 121,031	$ 118,132
Gross unrealized gains	3,302	1,951
Gross unrealized losses	(418)	(194)
Securities available for sale, fair value	123,915	119,889
US Treasuries
Amortized cost	1,000	999
Gross unrealized gains	2
Gross unrealized losses	0	0
Securities available for sale, fair value	1,002	999
U.S. Government Agencies
Amortized cost	8,034	10,033
Gross unrealized gains	107	64
Gross unrealized losses	(13)	(7)
Securities available for sale, fair value	8,128	10,090
Municipal securities
Amortized cost	18,800	17,888
Gross unrealized gains	404	408
Gross unrealized losses	(6)	(5)
Securities available for sale, fair value	19,198	18,291
Mortgage-backed securities
Amortized cost	40,896	42,931
Gross unrealized gains	1,746	860
Gross unrealized losses	(167)	(48)
Securities available for sale, fair value	42,475	43,743
Collateralized mortgage obligation
Amortized cost	33,472	28,197
Gross unrealized gains	943	476
Gross unrealized losses	(56)	(68)
Securities available for sale, fair value	34,359	28,605
SBA securities
Amortized cost	8,801	9,550
Gross unrealized gains	18	2
Gross unrealized losses	(44)	(66)
Securities available for sale, fair value	8,775	9,486
Corporate Bonds
Amortized cost	10,028	8,534
Gross unrealized gains	82	141
Gross unrealized losses	(132)	0
Securities available for sale, fair value	$ 9,978	$ 8,675

INVESTMENT SECURITIES - Gross U

INVESTMENT SECURITIES - Gross Unrealized Losses and Estimated Fair Value for Securities Available-for-Sale (Details) - USD ($) $ in Thousands	Mar. 31, 2020	Dec. 31, 2019
Less than 12 months, Estimated fair value	$ 22,493	$ 23,508
Less than 12 months, Unrealized loss	(323)	(133)
12 months or more, Estimated fair value	4,913	4,008
12 months or more, Unrealized loss	(95)	(61)
Total, Estimated fair value	27,406	27,516
Total, Unrealized loss	(418)	(194)
US Treasuries
Less than 12 months, Estimated fair value	0	0
Less than 12 months, Unrealized loss	0	0
12 months or more, Estimated fair value	0	0
12 months or more, Unrealized loss	0	0
Total, Estimated fair value	0	0
Total, Unrealized loss	0	0
U.S. Government Agencies
Less than 12 months, Estimated fair value	0	1,497
Less than 12 months, Unrealized loss	0	(1)
12 months or more, Estimated fair value	1,505	1,514
12 months or more, Unrealized loss	(13)	(6)
Total, Estimated fair value	1,505	3,011
Total, Unrealized loss	(13)	(7)
Municipal securities
Less than 12 months, Estimated fair value	2,693	3,147
Less than 12 months, Unrealized loss	(4)	(5)
12 months or more, Estimated fair value	516
12 months or more, Unrealized loss	(2)
Total, Estimated fair value	3,209	3,147
Total, Unrealized loss	(6)	(5)
Mortgage-backed securities
Less than 12 months, Estimated fair value	9,874	7,772
Less than 12 months, Unrealized loss	(156)	(47)
12 months or more, Estimated fair value	267	81
12 months or more, Unrealized loss	(11)	(1)
Total, Estimated fair value	10,141	7,853
Total, Unrealized loss	(167)	(48)
Collateralized mortgage obligation
Less than 12 months, Estimated fair value	4,608	4,155
Less than 12 months, Unrealized loss	(29)	(56)
12 months or more, Estimated fair value	852	883
12 months or more, Unrealized loss	(27)	(12)
Total, Estimated fair value	5,460	5,038
Total, Unrealized loss	(56)	(68)
SBA securities
Less than 12 months, Estimated fair value	2,303	6,937
Less than 12 months, Unrealized loss	(2)	(24)
12 months or more, Estimated fair value	1,773	1,530
12 months or more, Unrealized loss	(42)	(42)
Total, Estimated fair value	4,076	8,467
Total, Unrealized loss	(44)	(66)
Corporate Bonds
Less than 12 months, Estimated fair value	3,015	0
Less than 12 months, Unrealized loss	(132)	0
12 months or more, Estimated fair value	0	0
12 months or more, Unrealized loss	0	0
Total, Estimated fair value	3,015	0
Total, Unrealized loss	$ (132)	$ 0

INVESTMENT SECURITIES - Amort_2

INVESTMENT SECURITIES - Amortized Cost and Estimated Fair Value of Available-for-Sale Securities by Contractual Maturity (Details) - USD ($) $ in Thousands	Mar. 31, 2020	Dec. 31, 2019
Available-for-sale: Amortized Cost
Due in one year or less	$ 10,482	$ 10,737
Due after one through five years	24,753	24,078
Due after five years through ten years	26,938	22,914
Due after ten years	58,858	60,403
Total	121,031	118,132
Available-for-sale: Fair Value
Due in one year or less	10,559	10,781
Due after one through five years	25,401	24,560
Due after five years through ten years	27,598	23,366
Due after ten years	60,357	61,182
Total	$ 123,915	$ 119,889

INVESTMENT SECURITIES - Additio

INVESTMENT SECURITIES - Additional Information (Details)	Sep. 30, 2019item
INVESTMENT SECURITIES
Debt Securities, Available-for-sale, Unrealized Loss Position, Number of Positions	308
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, 12 Months or Longer, Number of Positions	15
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, Less than 12 Months, Number of Positions	84

LOANS - Summary of Loans (Detai

LOANS - Summary of Loans (Details) - USD ($) $ in Thousands	Mar. 31, 2020	Dec. 31, 2019	Mar. 31, 2019	Dec. 31, 2018
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans	$ 1,627,229		$ 965,324
Total Loans	1,627,229	$ 1,458,080
Net deferred loan fees	(513)	(451)
Allowance for loan losses	(9,100)	(7,400)	$ (5,405)	$ (5,140)
Net Loans	1,617,616	1,450,229
Commercial And Industrial
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Loans	185,679	169,291
Construction and land
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Loans	43,659	36,321
Commercial real estate
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Loans	1,184,282	1,093,142
Residential
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Loans	206,540	156,764
Consumer
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Loans	$ 7,069	$ 2,562

LOANS - Total Impaired Loans In

LOANS - Total Impaired Loans Including Non-Accrual Loans, Accruing TDR Loans and Accreting PCI Loans (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019	Dec. 31, 2019
Total recorded investment in impaired loans	$ 9,129		$ 7,631
Specific allowance on impaired loans	282		171
Average recorded investment in impaired loans	7,178	$ 4,366
Interest recognized	172	54
Consumer
Total recorded investment in impaired loans	0		13
Specific allowance on impaired loans	0		12
Average recorded investment in impaired loans	3	0
Interest recognized	0	0
Commercial real estate
Total recorded investment in impaired loans	3,968		2,775
Specific allowance on impaired loans	64		64
Average recorded investment in impaired loans	2,361	1,344
Interest recognized	172	20
Residential
Total recorded investment in impaired loans	1,759		1,488
Specific allowance on impaired loans	0		0
Average recorded investment in impaired loans	871	650
Interest recognized	0	1
Commercial and industrial
Total recorded investment in impaired loans	629		618
Specific allowance on impaired loans	218		95
Average recorded investment in impaired loans	1,454	2,372
Interest recognized		33
Construction and land
Total recorded investment in impaired loans	2,773		2,737
Specific allowance on impaired loans	0		0
Average recorded investment in impaired loans	2,489	0
Interest recognized	0	$ 0
With No Related Allowance Recorded
With no specific allowance recorded	8,542		7,167
With No Related Allowance Recorded | Consumer
With no specific allowance recorded	0		1
With No Related Allowance Recorded | Commercial real estate
With no specific allowance recorded	3,698		2,505
With No Related Allowance Recorded | Residential
With no specific allowance recorded	1,759		1,488
With No Related Allowance Recorded | Commercial and industrial
With no specific allowance recorded	312		436
With No Related Allowance Recorded | Construction and land
With no specific allowance recorded	2,773		2,737
With An Allowance Recorded
With a specific allowance recorded	587		464
With An Allowance Recorded | Consumer
With a specific allowance recorded	0		12
With An Allowance Recorded | Commercial real estate
With a specific allowance recorded	270		270
With An Allowance Recorded | Residential
With a specific allowance recorded	0		0
With An Allowance Recorded | Commercial and industrial
With a specific allowance recorded	317		182
With An Allowance Recorded | Construction and land
With a specific allowance recorded	$ 0		$ 0

LOANS - Loans by Class Modified

LOANS - Loans by Class Modified as Troubled Debt Restructuring (Details) - Troubled Debt Restructurings loan in Thousands, $ in Thousands	3 Months Ended
	Mar. 31, 2020USD ($)loan	Mar. 31, 2019USD ($)loan
Number of loans | loan	6	2
Rate modification	$ 0	$ 0
Term modification	4,276	176
Interest only modification	0	0
Rate & term modification	0	321
Total	$ 4,276	$ 497
Consumer
Number of loans | loan	0	0
Rate modification	$ 0	$ 0
Term modification	0	0
Interest only modification	0	0
Rate & term modification	0	0
Total	$ 0	$ 0
Commercial real estate
Number of loans | loan	2	0
Rate modification	$ 0	$ 0
Term modification	1,217	0
Interest only modification	0	0
Rate & term modification	0	0
Total	$ 1,217	$ 0
Residential
Number of loans | loan	0	0
Rate modification	$ 0	$ 0
Term modification	0	0
Interest only modification	0	0
Rate & term modification	0	0
Total	$ 0	$ 0
Commercial and industrial
Number of loans | loan	3	2
Rate modification	$ 0	$ 0
Term modification	322	176
Interest only modification	0	0
Rate & term modification	0	321
Total	$ 322	$ 497
Construction and land
Number of loans | loan	1	0
Rate modification	$ 0	$ 0
Term modification	2,737	0
Interest only modification	0	0
Rate & term modification	0	0
Total	$ 2,737	$ 0

LOANS - Internally Assigned Gra

LOANS - Internally Assigned Grade by Class of Loans (Details) - USD ($) $ in Thousands	Mar. 31, 2020	Dec. 31, 2019
Total loans
Risk category of loans by class	$ 1,627,229	$ 1,458,080
Total loans | Consumer
Risk category of loans by class	7,069	2,562
Total loans | Commercial real estate
Risk category of loans by class	1,184,282	1,093,142
Total loans | Residential
Risk category of loans by class	206,540	156,764
Total loans | Commercial and industrial
Risk category of loans by class	185,679	169,291
Total loans | Construction and land
Risk category of loans by class	43,659	36,321
Pass
Risk category of loans by class	1,596,627	1,427,288
Pass | Consumer
Risk category of loans by class	7,062	2,541
Pass | Commercial real estate
Risk category of loans by class	1,163,018	1,071,771
Pass | Residential
Risk category of loans by class	203,495	153,484
Pass | Commercial and industrial
Risk category of loans by class	182,938	166,613
Pass | Construction and land
Risk category of loans by class	40,114	32,879
Special Mention
Risk category of loans by class	16,895	18,495
Special Mention | Consumer
Risk category of loans by class		0
Special Mention | Commercial real estate
Risk category of loans by class	14,914	16,021
Special Mention | Residential
Risk category of loans by class	857	1,215
Special Mention | Commercial and industrial
Risk category of loans by class	947	1,166
Special Mention | Construction and land
Risk category of loans by class	177	93
Substandard
Risk category of loans by class	13,707	12,297
Substandard | Consumer
Risk category of loans by class	7	21
Substandard | Commercial real estate
Risk category of loans by class	6,350	5,350
Substandard | Residential
Risk category of loans by class	2,188	2,065
Substandard | Commercial and industrial
Risk category of loans by class	1,794	1,512
Substandard | Construction and land
Risk category of loans by class	3,368	3,349
Doubtful
Risk category of loans by class	0	0
Doubtful | Consumer
Risk category of loans by class	0	0
Doubtful | Commercial real estate
Risk category of loans by class	0	0
Doubtful | Residential
Risk category of loans by class	0	0
Doubtful | Commercial and industrial
Risk category of loans by class	0	0
Doubtful | Construction and land
Risk category of loans by class	$ 0	$ 0

LOANS - Aging of the Company's

LOANS - Aging of the Company's Loan Receivable (Details) - USD ($)	Mar. 31, 2020	Dec. 31, 2019
Total Past Due	$ 18,239,000	$ 18,882,000
Current	1,590,923,000	1,421,866,000
PCI Loans	18,067,000	17,332,000
Total loans receivable	1,627,229,000	1,458,080,000
Recorded Investment > 90 Days and Accruing	347,000	250,000
Consumer
Total Past Due	13,000	27,000
Current	7,054,000	2,533,000
PCI Loans	2,000	2,000
Total loans receivable	7,069,000	2,562,000
Recorded Investment > 90 Days and Accruing	1,000	0
Commercial real estate
Total Past Due	7,711,000	10,826,000
Current	1,162,411,000	1,068,211,000
PCI Loans	14,160,000	14,105,000
Total loans receivable	1,184,282,000	1,093,142,000
Recorded Investment > 90 Days and Accruing	0	0
Residential
Total Past Due	3,583,000	2,045,000
Current	199,746,000	152,261,000
PCI Loans	3,211,000	2,458,000
Total loans receivable	206,540,000	156,764,000
Recorded Investment > 90 Days and Accruing	0	0
Commercial and industrial
Total Past Due	3,386,000	2,610,000
Current	181,828,000	166,137,000
PCI Loans	465,000	544,000
Total loans receivable	185,679,000	169,291,000
Recorded Investment > 90 Days and Accruing	29,000	26,000
Construction and land
Total Past Due	3,546,000	3,374,000
Current	39,884,000	32,724,000
PCI Loans	229,000	223,000
Total loans receivable	43,659,000	36,321,000
Recorded Investment > 90 Days and Accruing	317,000	224,000
Past due 30 days
Total Past Due	8,976,000	6,461,000
Past due 30 days | Consumer
Total Past Due	12,000	14,000
Past due 30 days | Commercial real estate
Total Past Due	5,084,000	4,668,000
Past due 30 days | Residential
Total Past Due	2,446,000	531,000
Past due 30 days | Commercial and industrial
Total Past Due	977,000	923,000
Past due 30 days | Construction and land
Total Past Due	457,000	325,000
60 to 89 Days Past Due [Member]
Total Past Due	1,826,000	6,388,000
60 to 89 Days Past Due [Member] | Consumer
Total Past Due	0	0
60 to 89 Days Past Due [Member] | Commercial real estate
Total Past Due	0	4,698,000
60 to 89 Days Past Due [Member] | Residential
Total Past Due	41,000	122,000
60 to 89 Days Past Due [Member] | Commercial and industrial
Total Past Due	1,750,000	1,480,000
60 to 89 Days Past Due [Member] | Construction and land
Total Past Due	35,000	88,000
Greater than 90 Days Past Due [Member]
Total Past Due	7,437,000	6,033,000
Recorded Investment > 90 Days and Accruing	347,000	250,000
Greater than 90 Days Past Due [Member] | Consumer
Total Past Due	1,000	13,000
Greater than 90 Days Past Due [Member] | Commercial real estate
Total Past Due	2,627,000	1,460,000
Greater than 90 Days Past Due [Member] | Residential
Total Past Due	1,096,000	1,392,000
Greater than 90 Days Past Due [Member] | Commercial and industrial
Total Past Due	659,000	207,000
Greater than 90 Days Past Due [Member] | Construction and land
Total Past Due	$ 3,054,000	$ 2,961,000

LOANS - Carrying Amount and Unp

LOANS - Carrying Amount and Unpaid Balance of PCI Loans (Details) - USD ($) $ in Thousands	Mar. 31, 2020	Dec. 31, 2019
Unpaid Principal Balance	$ 21,638	$ 20,739
Carrying Value	18,067	17,332
Consumer
Unpaid Principal Balance	7	8
Carrying Value	2	2
Commercial real estate
Unpaid Principal Balance	16,054	15,930
Carrying Value	14,160	14,105
Residential
Unpaid Principal Balance	4,121	3,238
Carrying Value	3,211	2,458
Commercial and industrial
Unpaid Principal Balance	1,135	1,225
Carrying Value	465	544
Construction and land
Unpaid Principal Balance	321	338
Carrying Value	$ 229	$ 223

LOANS - Accretable yield on the

LOANS - Accretable yield on the PCI Loans (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
LOANS
Balance at beginning of period	$ 554	$ 256
Additions	308	0
Removals	127	2
Accretion	(141)	(23)
Balance at end of period	$ 594	$ 231

LOANS - Additional Information

LOANS - Additional Information (Details) - USD ($)	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019	Dec. 31, 2019
Certain Loans Acquired in Transfer Not Accounted for as Debt Securities, Accretable Yield, Reclassifications from Nonaccretable Difference	$ 101,500,000
Certain Loans Acquired in Transfer Not Accounted for as Debt Securities, Accretable Yield, Reclassifications to Nonaccretable Difference		$ 42,000,000
Financing Receivable, Recorded Investment, 90 Days Past Due and Still Accruing	347,000		$ 250,000
Financing Receivable, Recorded Investment, TDR Portfolio, Amount	4,300,000		4,400,000
Financing Receivable, Modification, TDR Loans, Portfolio, Amount	787,000		789,000
Nonaccrual loans guaranteed by government agency	1,200,000		1,200,000
Greater than 90 Days Past Due [Member]
Financing Receivable, Recorded Investment, 90 Days Past Due and Still Accruing	$ 347,000		$ 250,000

ALLOWANCE FOR LOAN LOSSES (Deta

ALLOWANCE FOR LOAN LOSSES (Detail) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Allowance for loan losses Beginning balance	$ 7,400	$ 5,140
Allowance for loan losses Charge-offs	(17)	(21)
Allowance for loan losses Recoveries	4	9
Allowance for loan losses provision (reclassification) for loan losses	1,713	277
Allowance for loan losses Ending balance	9,100	5,405
Allowance for loan losses related to: Loans individually evaluated for impairment	282	10
Allowance for loan losses related to: Loans collectively evaluated for impairment	8,818	5,395
Allowance for loan losses related to: PCI loans	0	0
Loans receivable Individually evaluated for impairment	9,129	4,375
Loans receivable Collectively evaluated for impairment	1,600,033	949,209
Loans receivable PCI loans	18,067	11,740
Total loans	1,627,229	965,324
Unallocated
Allowance for loan losses Beginning balance	113	364
Allowance for loan losses Charge-offs	0	0
Allowance for loan losses Recoveries	0	0
Allowance for loan losses provision (reclassification) for loan losses	199	3
Allowance for loan losses Ending balance	312	367
Allowance for loan losses related to: Loans individually evaluated for impairment	0	0
Allowance for loan losses related to: Loans collectively evaluated for impairment	312	367
Allowance for loan losses related to: PCI loans	0	0
Loans receivable Individually evaluated for impairment	0	0
Loans receivable Collectively evaluated for impairment	0	0
Loans receivable PCI loans	0	0
Total loans	0	0
Consumer
Allowance for loan losses Beginning balance	14	3
Allowance for loan losses Charge-offs	(16)	(4)
Allowance for loan losses Recoveries	0	0
Allowance for loan losses provision (reclassification) for loan losses	5	3
Allowance for loan losses Ending balance	3	2
Allowance for loan losses related to: Loans individually evaluated for impairment	0	0
Allowance for loan losses related to: Loans collectively evaluated for impairment	3	2
Allowance for loan losses related to: PCI loans	0	0
Loans receivable Individually evaluated for impairment	0	0
Loans receivable Collectively evaluated for impairment	7,067	1,553
Loans receivable PCI loans	2	0
Total loans	7,069	1,553
Commercial real estate
Allowance for loan losses Beginning balance	4,926	3,214
Allowance for loan losses Charge-offs	0	(17)
Allowance for loan losses Recoveries	0	0
Allowance for loan losses provision (reclassification) for loan losses	881	129
Allowance for loan losses Ending balance	5,807	3,326
Allowance for loan losses related to: Loans individually evaluated for impairment	64	0
Allowance for loan losses related to: Loans collectively evaluated for impairment	5,743	3,326
Allowance for loan losses related to: PCI loans	0	0
Loans receivable Individually evaluated for impairment	3,968	1,342
Loans receivable Collectively evaluated for impairment	1,166,154	679,973
Loans receivable PCI loans	14,160	9,740
Total loans	1,184,282	691,055
Residential
Allowance for loan losses Beginning balance	421	215
Allowance for loan losses Charge-offs	(1)	0
Allowance for loan losses Recoveries	0	0
Allowance for loan losses provision (reclassification) for loan losses	107	20
Allowance for loan losses Ending balance	527	235
Allowance for loan losses related to: Loans individually evaluated for impairment	0	0
Allowance for loan losses related to: Loans collectively evaluated for impairment	527	235
Allowance for loan losses related to: PCI loans	0	0
Loans receivable Individually evaluated for impairment	1,759	645
Loans receivable Collectively evaluated for impairment	201,570	98,050
Loans receivable PCI loans	3,211	1,772
Total loans	206,540	100,467
Commercial and industrial
Allowance for loan losses Beginning balance	1,762	1,017
Allowance for loan losses Charge-offs	0	0
Allowance for loan losses Recoveries	4	9
Allowance for loan losses provision (reclassification) for loan losses	578	109
Allowance for loan losses Ending balance	2,344	1,135
Allowance for loan losses related to: Loans individually evaluated for impairment	218	10
Allowance for loan losses related to: Loans collectively evaluated for impairment	2,126	1,125
Allowance for loan losses related to: PCI loans	0	0
Loans receivable Individually evaluated for impairment	629	2,388
Loans receivable Collectively evaluated for impairment	184,585	124,188
Loans receivable PCI loans	465	4
Total loans	185,679	126,580
Construction and land
Allowance for loan losses Beginning balance	164	327
Allowance for loan losses Charge-offs	0	0
Allowance for loan losses Recoveries	0	0
Allowance for loan losses provision (reclassification) for loan losses	(57)	13
Allowance for loan losses Ending balance	107	340
Allowance for loan losses related to: Loans individually evaluated for impairment	0	0
Allowance for loan losses related to: Loans collectively evaluated for impairment	107	340
Allowance for loan losses related to: PCI loans	0	0
Loans receivable Individually evaluated for impairment	2,773	0
Loans receivable Collectively evaluated for impairment	40,657	45,445
Loans receivable PCI loans	229	224
Total loans	$ 43,659	$ 45,669

PREMISES AND EQUIPMENT - Premis

PREMISES AND EQUIPMENT - Premises and equipment (Details) - USD ($) $ in Thousands	Mar. 31, 2020	Dec. 31, 2019
Premises owned	$ 11,529	$ 7,906
Less accumulated depreciation and amortization	(5,198)	(4,792)
Total premises and equipment, net	14,779	10,529
Leasehold Improvements [Member]
Property, Plant and Equipment, Gross	2,975	2,362
Furniture Fixtures and Equipment [Member]
Property, Plant and Equipment, Gross	$ 5,473	$ 5,053

PREMISES AND EQUIPMENT - Lease

PREMISES AND EQUIPMENT - Lease payments (Details) - USD ($) $ in Thousands	Mar. 31, 2020	Dec. 31, 2019
Future minimum lease payments
For the remainder of 2020	$ 3,415
2021	3,023
2022	2,520
2023	1,845
2024	1,391
Thereafter	4,056
Total lease payments	16,250
Less: interest	(1,358)
Present value of lease liabilities	$ 14,892	$ 15,599

PREMISES AND EQUIPMENT - Weight

PREMISES AND EQUIPMENT - Weighted average operating lease term and discount rate (Details)	Mar. 31, 2020	Sep. 30, 2019
PREMISES AND EQUIPMENT
Weighted-average remaining lease term	6 years 4 months 10 days	6 years 4 months 10 days
Weighted-average discount rate	2.70%

PREMISES AND EQUIPMENT - Additi

PREMISES AND EQUIPMENT - Additional Information (Details) $ in Thousands	Mar. 29, 2019USD ($)ft²	Mar. 31, 2020USD ($)	Mar. 31, 2019USD ($)	Dec. 31, 2019USD ($)
PREMISES AND EQUIPMENT
Depreciation, Depletion and Amortization		$ 472,000		$ 301,000
Sale Leaseback Transaction, Net Book Value	$ 4,600
Land Subject to Ground Leases | ft²	4,021
Percentage of Leased Land	11.10%
Sale Leaseback Transaction, Deferred Gain, Net	$ 78,000
Operating Leases, Rent Expense, Net		$ 856,000	$ 591,000

GOODWILL AND INTANGIBLE ASSET_2

GOODWILL AND INTANGIBLE ASSETS - Goodwill (Details) - USD ($) $ in Thousands	3 Months Ended	12 Months Ended
	Mar. 31, 2020	Dec. 31, 2019
GOODWILL AND INTANGIBLE ASSETS
Balance at beginning of period	$ 35,466	$ 35,466
Acquired goodwill	3,372	20,872
Impairment	0	0
Balance at end of period	$ 38,838	$ 35,466

GOODWILL AND INTANGIBLE ASSET_3

GOODWILL AND INTANGIBLE ASSETS - Acquired Intangible Assets (Details) - USD ($)	3 Months Ended		12 Months Ended
	Mar. 31, 2020	Mar. 31, 2019	Dec. 31, 2019
GOODWILL AND INTANGIBLE ASSETS
Balance at beginning of period	$ 9,185,000	$ 9,185,000	$ 9,185,000
Additions	949,000		3,604,000
Less amortization	(473,000)	$ (389,000)	(1,624,000)
Balance at end of period	$ 9,661,000		$ 9,185,000

GOODWILL AND INTANGIBLE ASSET_4

GOODWILL AND INTANGIBLE ASSETS - Estimated Annual Amortization (Details) - USD ($) $ in Thousands	Mar. 31, 2020	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
GOODWILL AND INTANGIBLE ASSETS
2020	$ 1,359
2021	1,813
2022	1,813
2023	1,034
2024	970
Thereafter	2,672
Total	$ 9,661	$ 9,185	$ 9,185	$ 7,205

GOODWILL AND INTANGIBLE ASSET_5

GOODWILL AND INTANGIBLE ASSETS - Additional Information (Details) - USD ($)	3 Months Ended		12 Months Ended
	Mar. 31, 2020	Mar. 31, 2019	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Indefinite-lived Intangible Assets [Line Items]
Amortization	$ 473,000	$ 389,000	$ 1,624,000
Goodwill	38,838,000		35,466,000	$ 35,466,000	$ 14,594,000
Core [Member]
Indefinite-lived Intangible Assets [Line Items]
Other Intangible Assets, Net	$ 9,700,000		$ 9,200,000
Core Deposits [Member]
Indefinite-lived Intangible Assets [Line Items]
Finite-Lived Intangible Asset, Useful Life	3 years 7 months 6 days

INTEREST RECEIVABLE AND OTHER_3

INTEREST RECEIVABLE AND OTHER ASSETS (Details) - USD ($) $ in Thousands	Mar. 31, 2020	Dec. 31, 2019
INTEREST RECEIVABLE AND OTHER ASSETS
Tax assets, net	$ 7,913	$ 5,922
Accrued interest receivable	5,677	5,495
Investment in SBIC Funds	2,616	2,272
Prepaid assets	1,665	1,160
Servicing asset	1,984	2,097
Low income housing partnership, net	1,059	1,171
Investment in statutory trusts	477	475
Miscellaneous other assets	1,366	926
Total	$ 22,757	$ 19,518

DEPOSITS (Details)

DEPOSITS (Details) - USD ($) $ in Thousands	Mar. 31, 2020	Dec. 31, 2019
DEPOSITS
Demand deposits	$ 602,750	$ 572,341
NOW accounts and savings	366,155	314,125
Money market	509,878	489,206
Time deposits under $250,000	176,570	189,063
Time deposits $250,000 and over	123,374	136,448
Total	$ 1,778,727	$ 1,701,183

DEPOSITS (Details)_2

DEPOSITS (Details)	Mar. 31, 2020	Dec. 31, 2019
DEPOSITS
Weighted Average Rate Domestic Deposit, Time Deposits	0.64%	0.86%

BORROWINGS (Details)

BORROWINGS (Details) - USD ($)	Mar. 24, 2020	Mar. 31, 2020	Dec. 31, 2019
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
Other Commitment		55,000,000	40,500,000
Secured FHLB advances	$ 100,000,000
Average cost (as a percent)	0.285%
Long-term Line of Credit		$ 0	$ 0
Borrowings maturing April 24, 2020
Secured FHLB advances	$ 50,000,000
Borrowings maturing May 24, 2020
Secured FHLB advances	$ 50,000,000

INTEREST PAYABLE AND OTHER LI_2

INTEREST PAYABLE AND OTHER LIABILITIES (Details) - USD ($) $ in Thousands	Mar. 31, 2020	Dec. 31, 2019
INTEREST PAYABLE AND OTHER LIABILITIES
Accrued expenses	$ 5,769	$ 6,241
CDARs deferred fees	266	320
Accounts payable	1,529	2,175
Reserve for unfunded commitments	415	415
Accrued interest payable	1,219	1,607
All other	436	517
Total	$ 9,634	$ 11,275

OTHER EXPENSES (Details)

OTHER EXPENSES (Details) - USD ($)	3 Months Ended		12 Months Ended
	Mar. 31, 2020	Mar. 31, 2019	Dec. 31, 2019
OTHER EXPENSES
Professional fees	$ 895,000	$ 95,000
Core deposit premium amortization	473,000	389,000	$ 1,624,000
Marketing and promotions	330,000	209,000
Stationary and supplies	146,000	137,000
Insurance (including FDIC premiums)	55,000	156,000
Communication and postage	194,000	96,000
Loan default related expense	125,000	63,000
Director fees and stock compensation	78,000	121,000
Bank service charges	34,000	11,000
Courier expense	190,000	113,000
Other	256,000	361,000
Total	$ 2,776,000	$ 1,751,000

EQUITY INCENTIVE PLANS - Restri

EQUITY INCENTIVE PLANS - Restricted Stock Grant Activity (Details) - $ / shares	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
EQUITY INCENTIVE PLANS
Shares Non-vested	142,103	131,000
Granted	15,173	22,289
Vested	(23,435)	(19,253)
Forfeited	(1,432)	0
Shares Non-vested	132,409	134,036
Weighted-Average Grant Date Fair Value Non-vested	$ 20.76	$ 19.18
Weighted-Average Grant Date Fair Value Granted	22.60	22.38
Weighted-Average Grant Date Fair Value Vested	19.62	19.51
Weighted-Average Grant Date Fair Value Forfeited	18.93	0
Weighted-Average Grant Date Fair Value Non-vested	$ 22.10	$ 20.76

EQUITY INCENTIVE PLANS - Additi

EQUITY INCENTIVE PLANS - Additional Information (Details) - USD ($) $ in Thousands	3 Months Ended		12 Months Ended
	Mar. 31, 2020	Mar. 31, 2019	Dec. 31, 2019	Dec. 31, 2017
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Gross	148,962
Share Based Compensation	$ 309	$ 120	$ 1,034
Employee Service Share-based Compensation, Nonvested Awards, Compensation Cost Not yet Recognized	$ 2,900
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Authorized				450,000
2017 Omnibus Equity Incentive Plan [Member] | Maximum | Officers And Employees [Member]
Stock Issued During Period, Shares, Restricted Stock Award, Gross	50,000
2017 Omnibus Equity Incentive Plan [Member] | Restricted Stock [Member] | Maximum | Officers And Employees [Member]
Stock Issued During Period, Value, Restricted Stock Award, Gross	$ 2,000
2017 Omnibus Equity Incentive Plan [Member] | Restricted Stock [Member] | Maximum | Directors [Member]
Stock Issued During Period, Shares, Restricted Stock Award, Gross	25,000
2014 Omnibus Equity Incentive Plan [Member]
Share Based Compensation	$ 309,000	$ 120,000
Employee Service Share-based Compensation, Nonvested Awards, Compensation Cost Not yet Recognized, Period for Recognition	2 years
2014 Omnibus Equity Incentive Plan [Member] | Minimum
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period	1 year
2014 Omnibus Equity Incentive Plan [Member] | Maximum
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period	5 years

FAIR VALUE MEASUREMENT - Financ

FAIR VALUE MEASUREMENT - Financial Instruments Measured at Fair Value on a Recurring Basis (Details) - Fair Value, Measurements, Recurring [Member] - USD ($) $ in Thousands	Mar. 31, 2020	Dec. 31, 2019
Assets, Fair Value Disclosure	$ 123,915	$ 119,889
Corporate Bonds
Assets, Fair Value Disclosure	9,978	8,675
U.S. Treasuries [Member]
Assets, Fair Value Disclosure	1,002	999
U.S. Government Agencies [Member]
Assets, Fair Value Disclosure	8,128	10,090
Mortgage backed securities [Member]
Assets, Fair Value Disclosure	42,475	43,743
Collateralized mortgage obligations [Member]
Assets, Fair Value Disclosure	34,359	28,605
SBA securities
Assets, Fair Value Disclosure	8,775	9,486
Municipal securities
Assets, Fair Value Disclosure	19,198	18,291
Fair Value, Inputs, Level 1 [Member]
Assets, Fair Value Disclosure	1,002	999
Fair Value, Inputs, Level 1 [Member] | Corporate Bonds
Assets, Fair Value Disclosure	0	0
Fair Value, Inputs, Level 1 [Member] | U.S. Treasuries [Member]
Assets, Fair Value Disclosure	1,002	999
Fair Value, Inputs, Level 1 [Member] | U.S. Government Agencies [Member]
Assets, Fair Value Disclosure	0	0
Fair Value, Inputs, Level 1 [Member] | Mortgage backed securities [Member]
Assets, Fair Value Disclosure	0	0
Fair Value, Inputs, Level 1 [Member] | Collateralized mortgage obligations [Member]
Assets, Fair Value Disclosure	0	0
Fair Value, Inputs, Level 1 [Member] | SBA securities
Assets, Fair Value Disclosure	0	0
Fair Value, Inputs, Level 1 [Member] | Municipal securities
Assets, Fair Value Disclosure	0	0
Fair Value, Inputs, Level 2 [Member]
Assets, Fair Value Disclosure	122,913	118,890
Fair Value, Inputs, Level 2 [Member] | Corporate Bonds
Assets, Fair Value Disclosure	9,978	8,675
Fair Value, Inputs, Level 2 [Member] | U.S. Treasuries [Member]
Assets, Fair Value Disclosure	0	0
Fair Value, Inputs, Level 2 [Member] | U.S. Government Agencies [Member]
Assets, Fair Value Disclosure	8,128	10,090
Fair Value, Inputs, Level 2 [Member] | Mortgage backed securities [Member]
Assets, Fair Value Disclosure	42,475	43,743
Fair Value, Inputs, Level 2 [Member] | Collateralized mortgage obligations [Member]
Assets, Fair Value Disclosure	34,359	28,605
Fair Value, Inputs, Level 2 [Member] | SBA securities
Assets, Fair Value Disclosure	8,775	9,486
Fair Value, Inputs, Level 2 [Member] | Municipal securities
Assets, Fair Value Disclosure	19,198	18,291
Fair Value, Inputs, Level 3 [Member]
Assets, Fair Value Disclosure	0	0
Fair Value, Inputs, Level 3 [Member] | Corporate Bonds
Assets, Fair Value Disclosure	0	0
Fair Value, Inputs, Level 3 [Member] | U.S. Treasuries [Member]
Assets, Fair Value Disclosure	0	0
Fair Value, Inputs, Level 3 [Member] | U.S. Government Agencies [Member]
Assets, Fair Value Disclosure	0	0
Fair Value, Inputs, Level 3 [Member] | Mortgage backed securities [Member]
Assets, Fair Value Disclosure	0	0
Fair Value, Inputs, Level 3 [Member] | Collateralized mortgage obligations [Member]
Assets, Fair Value Disclosure	0	0
Fair Value, Inputs, Level 3 [Member] | SBA securities
Assets, Fair Value Disclosure	0	0
Fair Value, Inputs, Level 3 [Member] | Municipal securities
Assets, Fair Value Disclosure	$ 0	$ 0

FAIR VALUE MEASUREMENT - Impair

FAIR VALUE MEASUREMENT - Impaired Loans Measured at Fair Value on a Non-Recurring Basis (Details) - USD ($) $ in Thousands	Mar. 31, 2020	Dec. 31, 2019
OREO	$ 595	$ 574
Fair Value, Measurements, Nonrecurring [Member]
Performing impaired loans	787	789
Nonperforming impaired loans	8,342	6,842
OREO	595	574
Total assets measured at fair value	9,724	8,205
Fair Value, Inputs, Level 1 [Member] | Fair Value, Measurements, Nonrecurring [Member]
Performing impaired loans	0	0
Nonperforming impaired loans	0	0
OREO	0	0
Total assets measured at fair value	0	0
Fair Value, Inputs, Level 2 [Member] | Fair Value, Measurements, Nonrecurring [Member]
Performing impaired loans	0	0
Nonperforming impaired loans	0	0
OREO	0	0
Total assets measured at fair value	0	0
Fair Value, Inputs, Level 3 [Member] | Fair Value, Measurements, Nonrecurring [Member]
Performing impaired loans	787	789
Nonperforming impaired loans	8,342	6,842
OREO	595	574
Total assets measured at fair value	$ 9,724	$ 8,205

FAIR VALUE MEASUREMENT - Estima

FAIR VALUE MEASUREMENT - Estimated Fair Value of Financial Instruments (Details) - USD ($) $ in Thousands	Mar. 31, 2020	Dec. 31, 2019	Mar. 31, 2019	Dec. 31, 2018
Financial assets:
Cash and cash equivalents	$ 274,309	$ 295,382	$ 332,472	$ 323,581
Interest bearing deposits in banks	16,544	1,739
Investment securities available-for-sale	121,031	118,132
Loans held for sale	198	2,226
Loans, net	1,617,616	1,450,229
Other equity securities	14,665	13,905
Accrued interest receivable	5,677	5,495
Cash and cash equivalents, Fair value	274,309	295,382
Interest bearing deposits in banks, Fair value	16,544	1,739
Investment securities available-for-sale,fair value	123,915	119,889
Loans, net, Fair value	1,623,994	1,453,067
Loans held for sale, Fair value	198	2,226
Other equity securities, Fair value	14,665	13,905
Accrued interest receivable, Fair value	5,677	5,495
Financial liabilities:
Deposits.	1,778,727	1,701,183
Other borrowings	100,000
Junior subordinated deferrable interest debentures, net	8,262	8,242
Accrued interest payable	1,219	1,607
Deposits, Fair value	1,782,148	1,704,428
subordinated debentures Fair value	8,006	8,086
Accrued interest payable, Fair value	1,219	1,607
Off-balance-sheet liabilities:
Undisbursed loan commitments, lines of credit, standby letters of credit	131,431	128,934
Undisbursed loan commitments, lines of credit, standby letters of credit, Fair value	131,016	128,519
Fair Value, Inputs, Level 1 [Member]
Financial assets:
Loans held for sale		0
Loans, net		0
Cash and cash equivalents, Fair value	274,309	295,382
Interest bearing deposits in banks, Fair value	16,544	1,739
Investment securities available-for-sale,fair value	1,002	999
Loans, net, Fair value	0
Loans held for sale, Fair value	0
Other equity securities, Fair value	14,665	13,905
Accrued interest receivable, Fair value	0	0
Financial liabilities:
Other borrowings	0
Deposits, Fair value	0	0
subordinated debentures Fair value	0	0
Accrued interest payable, Fair value	0	0
Off-balance-sheet liabilities:
Undisbursed loan commitments, lines of credit, standby letters of credit, Fair value	0	0
Fair Value, Inputs, Level 2 [Member]
Financial assets:
Loans held for sale		2,226
Loans, net		0
Cash and cash equivalents, Fair value	0	0
Interest bearing deposits in banks, Fair value	0	0
Investment securities available-for-sale,fair value	122,913	118,890
Loans, net, Fair value	0
Loans held for sale, Fair value	198
Other equity securities, Fair value	0	0
Accrued interest receivable, Fair value	5,677	5,495
Financial liabilities:
Other borrowings	100,000
Deposits, Fair value	1,782,148	1,704,428
subordinated debentures Fair value	0	0
Accrued interest payable, Fair value	1,219	1,607
Off-balance-sheet liabilities:
Undisbursed loan commitments, lines of credit, standby letters of credit, Fair value	0	0
Fair Value, Inputs, Level 3 [Member]
Financial assets:
Loans held for sale		0
Loans, net		1,453,067
Cash and cash equivalents, Fair value	0	0
Interest bearing deposits in banks, Fair value	0	0
Investment securities available-for-sale,fair value	0	0
Loans, net, Fair value	1,623,994
Loans held for sale, Fair value	0
Other equity securities, Fair value	0	0
Accrued interest receivable, Fair value	0	0
Financial liabilities:
Other borrowings	0
Deposits, Fair value	0	0
subordinated debentures Fair value	8,006	8,086
Accrued interest payable, Fair value	0	0
Off-balance-sheet liabilities:
Undisbursed loan commitments, lines of credit, standby letters of credit, Fair value	$ 131,016	$ 128,519

COMMITMENTS AND CONTINGENCIES (

COMMITMENTS AND CONTINGENCIES (Details) - USD ($)	3 Months Ended	12 Months Ended
	Mar. 31, 2020	Dec. 31, 2019
Loss Contingencies [Line Items]
Loans and Leases Receivable, Loans in Process	$ 129,100,000	$ 126,600,000
Guarantor Obligations, Maximum Exposure, Undiscounted	2,300,000	2,300,000
Outstanding balances	0	0
Advances from Federal Home Loan Banks	26,500,000	21,500,000
Deposits.	1,778,727,000	1,701,183,000
Customer Concentration Risk [Member]
Loss Contingencies [Line Items]
Deposits.	150,000,000	157,000,000
Interest Payable And Other Liabilities [Member]
Loss Contingencies [Line Items]
Loss Contingency Accrual	$ 415,000	$ 415,000
Deposit [Member]
Loss Contingencies [Line Items]
Concentration Risk, Percentage	8.40%	9.20%
Low Income Housing Tax Credit Partnerships [Member]
Loss Contingencies [Line Items]
Loans and Leases Receivable, Loans in Process	$ 3,000,000	$ 3,000,000
Small Business Investment Company [Member]
Loss Contingencies [Line Items]
Loans and Leases Receivable, Loans in Process	$ 473,000	$ 473,000