BayCom (BCML) 10-Q 9 Nov 18 2018 Q3 Quarterly report Financial data

Document And Entity Information

Document And Entity Information - shares	9 Months Ended
	Sep. 30, 2018	Nov. 01, 2018
Document Information [Line Items]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Sep. 30, 2018
Document Fiscal Year Focus	2,018
Document Fiscal Period Focus	Q3
Entity Registrant Name	BayCom Corp
Entity Central Index Key	1,730,984
Current Fiscal Year End Date	--12-31
Entity Filer Category	Non-accelerated Filer
Trading Symbol	BCML
Entity Common Stock, Shares Outstanding		10,869,275
Entity Emerging Growth Company	true
Entity Ex Transition Period	false
Entity Small Business	false

CONDENSED CONSOLIDATED BALANCE

CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Sep. 30, 2018	Dec. 31, 2017
ASSETS
Cash and due from banks	$ 116,079	$ 14,754
Federal funds sold	197,138	235,099
Cash and cash equivalents	313,217	249,853
Interest earning deposits in financial institutions	1,000	1,743
Investment securities available-for-sale	69,682	40,505
Federal Home Loan Bank stock, at par	5,097	4,772
Federal Reserve Bank stock, at par	3,357	2,987
Loans held for sale	585	3,245
Loans	902,250	891,548
Deferred fees, net	(381)	(469)
Allowance for loan losses	(5,500)	(4,215)
Loans, net	896,369	886,864
Premises and equipment, net	7,744	8,399
Core deposit intangible	3,904	4,772
Cash surrender value of Bank owned life insurance policies, net	16,586	17,132
Goodwill	10,365	10,365
Other real estate owned	362	0
Interest recievable and other assets	15,929	15,157
Total Assets	1,344,197	1,245,794
Deposits
Non-interest bearing deposits	349,346	327,309
Interest bearing deposits	781,375	776,996
Total deposits	1,130,721	1,104,305
Other borrowings	0	6,000
Salary continuation plan	3,256	4,046
Interest payable and other liabilities	7,482	7,421
Junior subordinated deferrable interest debentures, net	5,428	5,387
Total liabilities	1,146,887	1,127,159
Shareholders' equity
Preferred stock - no par value; 10,000,000 shares authorized; no shares issued and outstanding	0	0
Common stock, - no par value; authorized 100,000,000 shares 10,869,275 and 7,496,995 shares issued and outstanding at September 30, 2018 and December 31, 2017, respectively	148,886	81,307
Additional paid in capital	287	287
Accumulated other comprehensive (loss) income, net of tax	(566)	213
Retained earnings	48,703	36,828
Total shareholders' equity	197,310	118,635
Total Liabilities and Shareholders' Equity	$ 1,344,197	$ 1,245,794

CONDENSED CONSOLIDATED BALANC_2

CONDENSED CONSOLIDATED BALANCE SHEETS - (Parenthetical) - $ / shares	Sep. 30, 2018	Dec. 31, 2017
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	10,869,275	7,496,995
Common Stock, Shares, Outstanding	10,869,275	7,496,995

CONDENSED CONSOLIDATED STATEMEN

CONDENSED CONSOLIDATED STATEMENTS OF INCOME - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2018	Sep. 30, 2017	Sep. 30, 2018	Sep. 30, 2017
Interest and dividend income:
Loans, including fees	$ 12,044	$ 12,115	$ 36,398	$ 29,219
Investment securities and interest earning deposits in banks	2,107	923	4,757	1,701
FHLB dividends	86	71	266	263
FRB dividends	50	22	169	67
Total interest and dividend income	14,287	13,131	41,590	31,250
Interest expense:
Deposits	1,179	988	3,183	2,878
Other borrowings	93	151	378	252
Total interest expense	1,272	1,139	3,561	3,130
Net interest income	13,015	11,992	38,029	28,120
Provision for loan losses	1,081	58	1,578	345
Net interest income after provision for loan losses	11,934	11,934	36,451	27,775
Noninterest income:
Gain on sale of loans	424	437	1,623	1,712
Service charges and other fees	509	379	1,424	821
Loan servicing fees and other income	312	150	831	460
Other income	393	117	1,569	455
Total noninterest income	1,638	1,083	5,447	3,448
Noninterest expense:
Salaries and employee benefits	5,506	4,686	14,967	11,715
Occupancy and equipment	976	932	3,219	2,291
Data processing	526	813	1,849	3,247
Other	1,409	1,335	5,161	3,538
Total noninterest expense	8,417	7,766	25,196	20,791
Income before provision for income taxes	5,155	5,251	16,702	10,432
Provision for income taxes	1,637	2,070	4,827	4,333
Net income	$ 3,518	$ 3,181	$ 11,875	$ 6,099
Earnings per common share :
Basic: Earnings per common share	$ 0.31	$ 0.46	$ 1.30	$ 0.97
Weighted average shares outstanding:	10,869,275	6,870,614	9,295,274	6,270,991
Diluted: Earnings per common share	$ 0.31	$ 0.46	$ 1.30	$ 0.97
Weighted average shares outstanding:	10,869,275	6,870,614	9,295,274	6,270,991

CONDENSED CONSOLIDATED STATEM_2

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2018	Sep. 30, 2017	Sep. 30, 2018	Sep. 30, 2017
Net income	$ 3,518	$ 3,181	$ 11,875	$ 6,099
Other comprehensive (loss) income:
Change in unrealized (loss) gain on available-for-sale securities	(301)	109	(1,106)	125
Deferred tax benefit (expense)	89	(44)	327	(46)
Other comprehensive (loss) income, net of tax	(212)	65	(779)	79
Total comprehensive income	$ 3,306	$ 3,246	$ 11,096	$ 6,178

CONDENSED CONSOLIDATED STATEM_3

CONDENSED CONSOLIDATED STATEMENT OF SHAREHOLDERS' EQUITY - USD ($) $ in Thousands	Total	Common Stock [Member]	Additional Paid-in Capital [Member]	Retained Earnings [Member]	Accumulated Other Comprehensive Income/(loss) [Member]
Balance at Dec. 31, 2016	$ 78,063	$ 46,084	$ 287	$ 31,604	$ 88
Balance (in shares) at Dec. 31, 2016		5,472,426
Net income (loss)	6,099			6,099
Other comprehensive income (loss), net	79				79
Restricted stock granted	0
Restricted stock granted (in shares)		28,500
Stock based compensation	318	$ 318
Issuance of shares	23,146	$ 23,146
Issuance of shares (in shares)		1,371,579
Repurchase of shares	(24)	$ (24)
Repurchase of shares (in shares)		(1,891)
Balance at Sep. 30, 2017	107,681	$ 69,524	287	37,703	167
Balance (in shares) at Sep. 30, 2017		6,870,614
Net income (loss)	(839)			(839)
Other comprehensive income (loss), net	10				10
Reclassification of stranded tax effects from change in tax rate	0			(36)	36
Restricted stock granted	0
Restricted stock granted (in shares)		0
Stock based compensation	236	$ 236
Issuance of shares	11,547	$ 11,547
Issuance of shares (in shares)		626,381
Balance at Dec. 31, 2017	118,635	$ 81,307	287	36,828	213
Balance (in shares) at Dec. 31, 2017		7,496,995
Net income (loss)	11,875			11,875
Initial public offering, net	66,761	$ 66,761
Initial public offering, net (in shares)		3,278,900
Other comprehensive income (loss), net	(779)				(779)
Restricted stock granted	0
Restricted stock granted (in shares)		93,380
Stock based compensation	818	$ 818
Balance at Sep. 30, 2018	$ 197,310	$ 148,886	$ 287	$ 48,703	$ (566)
Balance (in shares) at Sep. 30, 2018		10,869,275

CONDENSED CONSOLIDATED STATEM_4

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2018	Sep. 30, 2017
Cash flow from operating activities:
Net income	$ 11,875	$ 6,099
Adjustments to reconcile net income to net cash provided by (used in) by operating activities:
(Increase) decrease in deferred tax asset	(583)	3,518
Accretion on acquired loans	(2,377)	(2,563)
Gain on sale of loans	(1,623)	(1,712)
Proceeds from sale of loans	23,409	17,933
Loans originated for sale	(31,524)	(24,014)
Loss on impairment of building held for sale	600	0
Accretion on Trust Preferred	41	25
Life insurance death benefit gain	(602)	0
Increase in cash surrender value of life insurance policies	(231)	(213)
Provision for loan losses	1,578	345
Amortization/accretion of premium discount on investment securities	345	249
Depreciation and amortization	693	532
Core deposit intangible amortization	868	573
Stock-based compensation expense	818	318
(Decrease) increase in deferred loan origination fees, net	(88)	23
Decrease in accrued interest receivable and other assets	1,488	258
(Decrease) increase in salary continuation liability, net	(789)	22
Increase in accrued expenses and other liabilities	(1,535)	1,045
Net cash provided by operating activities	2,363	2,438
Cash flows from investing activities:
Proceeds from interest bearing deposits in financial institutions	743	745
Proceeds from the sale, maturity and repayment of securities	8,627	4,236
Purchase of investment securities	(39,255)	0
Purchase of Federal Home Loan Bank stock	(325)	(174)
Purchase of Federal Reserve Bank stock	(370)	(1,576)
Proceed from death benefit on BOLI investment	777	0
Net decrease (increase) in loans	2,674	(11,612)
Funds due SBA participants	1,591	3,151
Proceeds from sale of OREO	0	750
Purchase of bank premises, equipment, leasehold improvements	(638)	(368)
Purchase of Bank owned life insurance	0	(4,003)
Net cash received from acquisition	0	83,992
Net cash (used in) provided by investing activities	(26,176)	75,141
Cash flows from financing activities:
Net increase in demand, interest bearing and savings deposits	51,893	8,422
Net (decrease) increase in time deposits	(25,477)	27,285
Repurchase of common stock	0	(24)
(Decrease) increase in short-term borrowings	(6,000)	6,000
Decrease in other borrowings	0	(5,428)
Proceeds from initial public offering, net	66,761	0
Net cash provided by financing activities	87,177	36,255
Increase in cash and cash equivalents	63,364	113,834
Cash and cash equivalents at beginning of period	249,853	128,684
Cash and cash equivalents at end of period	313,217	242,518
Additional cash flow information:
Interest paid	3,608	3,031
Income taxes paid	4,572	830
Non-cash investing and financing activities:
Change in unrealized (loss) gain in available for-sale securities, net of tax	(779)	79
Transfer of loans to other real estate owned	362	275
Acquisition:
Assets acquired, net of cash received	0	370,110
Liabilities assumed	0	440,368
Common stock issued	0	22,860
Goodwill	$ 0	$ 9,126

BASIS OF PRESENTATION

BASIS OF PRESENTATION	9 Months Ended
	Sep. 30, 2018
Accounting Policies [Abstract]
BASIS OF PRESENTATION	NOTE 1 – BASIS OF PRESENTATION BayCom Corp (the “Company”) is a bank holding company headquartered in Walnut Creek, California. United Business Bank (the “Bank”), the wholly owned banking subsidiary, is a California state-chartered bank which provides a broad range of financial services primarily to local small and mid-sized businesses, service professionals and individuals. In the 14 years of operation, the Bank has grown to 17 full service banking branches. The main office is located in Walnut Creek, California and branch offices are located in Oakland, Castro Valley, Mountain View, Napa, Stockton (2), Pleasanton, Livermore, San Jose, Long Beach, Sacramento, San Francisco and Glendale, California, and Seattle, Washington (2) and Albuquerque, New Mexico. In addition, the Bank has one loan production office in Los Angeles, California. The condensed consolidated financial statements include the accounts of the Company and the Bank. All intercompany transactions and balances have been eliminated in consolidation. The condensed consolidated financial statements include all adjustments of a normal and recurring nature, which are, in the opinion of management, necessary for a fair presentation of the financial position and results of operations for the periods presented. The accompanying unaudited condensed consolidated financial statements have been prepared in accordance with the instructions to Form 10-Q and, therefore, do not include all information and footnotes normally included in annual financial statements prepared in conformity with accounting principles generally accepted in the United States of America. Accordingly, these condensed consolidated financial statements should be read in conjunction with the consolidated audited financial statements and notes thereto for the year ended December 31, 2017. Results of operations for interim periods are not necessarily indicative of results for the full year. Certain prior year information has been reclassified to conform to current year presentation. The reclassifications had no impact on consolidated net income or shareholders’ equity. On August 13, 2018, the Company announced the signing of a definitive merger agreement whereby the Company will acquire Bethlehem Financial Corporation, (“BFC”), in a cash transaction valued at approximately $23.5 million. For more information, see Note 3 of the Notes to Consolidated Financial Statements contained in this Form 10-Q. Revenue Recognition In accordance with Topic 606, revenues are recognized when control of promised goods or services is transferred to customers in an amount that reflects the consideration the Company expects to be entitled to in exchange for those goods or services. To determine revenue recognition for arrangements that an entity determines are within the scope of Topic 606, the Company performs the following five steps: (i) identify the contract(s) with a customer; (ii) identify the performance obligations in the contract; (iii) determine the transaction price; (iv) allocate the transaction price to the performance obligations in the contract; and (v) recognize revenue when (or as) the Company satisfies a performance obligation. The Company only applies the five-step model to contracts when it is probable that the entity will collect the consideration it is entitled to in exchange for the goods or services it transfers to the customer. At contract inception, once the contract is determined to be within the scope of Topic 606, the Company assesses the goods or services that are promised within each contract and identifies those that contain performance obligations; and assesses whether each promised good or service is distinct. The Company then recognizes as revenue the amount of the transaction price that is allocated to the respective performance obligation when (or as) the performance obligation is satisfied. All of the Company’s revenue from contracts with customers in scope of ASC 606 is recognized in noninterest income and included in our commercial and consumer banking segment. For the nine months ended September 30, 2018, the Company recognized $238,000 in deposit fees, and $131,000 in debit card interchange fees considered in scope of ASC 606. There was a total of $5.1 million of noninterest income considered not in scope of ASC 606. On April 5, 2012, the JOBS Act was signed into law. The JOBS Act contains provisions that, among other things, reduce certain reporting requirements for qualifying public companies. As an “emerging growth company” we may delay adoption of new or revised accounting pronouncements applicable to public companies until such pronouncements are made applicable to private companies. We intend to take advantage of the benefits of this extended transition period. Accordingly, our condensed consolidated financial statements may not be comparable to companies that comply with such new or revised accounting standards.

ACCOUNTING STANDARDS RECENTLY I

ACCOUNTING STANDARDS RECENTLY ISSUED OR ADOPTED	9 Months Ended
	Sep. 30, 2018
New Accounting Pronouncements and Changes in Accounting Principles [Abstract]
ACCOUNTING STANDARDS RECENTLY ISSUED OR ADOPTED	NOTE 2 - ACCOUNTING STANDARDS RECENTLY ISSUED OR ADOPTED In May 2014, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) No. 2014-09, Revenue from Contracts with Customers (Topic 606). This ASU requires an entity to recognize revenue as performance obligations are met, in order to reflect the transfer of promised goods or services to customers in an amount that reflects the consideration the entity is entitled to receive for those goods or services. The following steps are applied in the updated guidance: (1) identify the contract(s) with a customer; (2) identify the performance obligations in the contract; (3) determine the transaction price; (4) allocate the transaction price to the performance obligations in the contract; and (5) recognize revenue when, or as, the entity satisfies a performance obligation. This ASU was effective for interim and annual periods beginning after December 15, 2017. The Company adopted ASU No. 2014-09 on January 1, 2018. The Company has analyzed its revenue sources of noninterest income to determine when the satisfaction of the performance obligation occurs and the appropriate recognition of revenue. The adoption of ASU No. 2014-09 did not have a material impact on the Company’s condensed consolidated financial statements. In January 2016, the FASB issued ASU 2016-01, Financial Instruments-Overall: Recognition and Measurement of Financial Assets and Financial Liabilities (Subtopic 825-10) . Changes made to the current measurement model primarily affect the accounting for equity securities and readily determinable fair values, where changes in fair value will impact earnings instead of other comprehensive income. The accounting for other financial instruments, such as loans, investments in debt securities, and financial liabilities is largely unchanged. The ASU also changes the presentation and disclosure requirements for financial instruments including a requirement that public business entities use exit price when measuring the fair value of financial instruments measured at amortized cost for disclosure purposes. The amendments in this ASU were effective for fiscal years beginning after December 15, 2017, including interim periods within those fiscal years. The Company has used the exit price notion in the fair value disclosure of financial instruments in Note 17 of the Selected Notes to the Consolidated Financial Statements in this Form 10-Q. The adoption of ASU 2016-01 did not have a material impact on the Company’s condensed consolidated financial statements. In February 2016, the FASB issued ASU 2016-02, Leases (Topic 842). The most significant change for lessees is the requirement under the new guidance to recognize right-of-use assets and lease liabilities for all leases not considered short-term leases, which is generally defined as a lease term of less than 12 months. This change will result in lessees recognizing right-of-use assets and lease liabilities for most leases currently accounted for as operating leases under current lease accounting guidance. The amendments in this ASU are effective for interim and annual periods beginning after December 15, 2018 for public business entities and one year later for all other entities. Early application of the amendments in the ASU is permitted. In July 2018, the FASB issued ASU No. 2018-10, Codification Improvements to Topic 842, Leases and ASU No. 2018-11, Leases (Topic 842): Targeted Improvements. ASU No. 2018-10 contains clarifications to ASU 2016-02 by providing a new transition method in addition to the existing transition method contained in ASU No. 2016-02 to allow entities to initially apply the new leases standard at the adoption date and recognize a cumulative-effect adjustment to the opening balance of retained earnings in the period of adoption. This amendment has the same effective date as ASU 2016-02. The effect of the adoption of these ASUs will depend on leases at time of adoption. Once adopted, we expect to report higher assets and liabilities as a result of including right-of-use assets and lease liabilities related to certain banking offices and certain equipment under noncancelable operating lease agreements, however, based on currents lease the adoption of these ASUs is not expected to have a material impact on the Company’s consolidated financial statements. In September 2016, the FASB issued ASU No. 2016-13, Measurement of Credit Losses on Financial Instruments (Topic 326) . This ASU 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 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 No. 2016-13 is effective for interim and annual reporting periods beginning after December 15, 2019 for SEC filers, one year later for non SEC filing public business entities and annual reporting periods beginning after December 15, 2020 for nonpublic business entities and interim periods within the reporting periods beginning after December 15, 2021. Early adoption is permitted for interim and annual reporting periods beginning after December 15, 2018. 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 ASU 2016-13 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. ASU No. 2017-04 is effective for interim and annual reporting periods beginning after December 15, 2021 for public business entities who are not SEC filers and one year later for all other entities. The adoption of ASU 2017-04 is not expected to have a material impact on the Company's consolidated financial statements. In February 2018, FASB issued ASU 2018-02, Income Statement - Reporting Comprehensive Income (Topic 220) . This ASU was issued to allow a reclassification from accumulated other comprehensive income to retained earnings from stranded tax effects resulting from the revaluation of the net deferred tax asset ("DTA") to the new corporate tax rate of 21% as a result of the Tax Cuts and Jobs Act of 2017 (“Tax Act”). The ASU is effective for reporting periods beginning after December 15, 2018 with early adoption permitted. The Company elected to early adopt this ASU and to reclassify $36,000 of stranded tax effects from accumulated other comprehensive income to retained earnings in the fourth quarter of 2017. In March 2018, FASB issued ASU No. 2018-05, Income Taxes (Topic 740) . This ASU was issued to provide guidance on the income tax accounting implications of the Tax Act and allows for entities to report provisional amounts for specific income tax effects of the Tax Act for which the accounting under Topic 740 was not yet complete, but a reasonable estimate could be determined. A measurement period of one-year is allowed to complete the accounting effects under Topic 740 and revise any previous estimates reported. Any provisional amounts or subsequent adjustments included in an entity’s financial statements during the measurement period should be included in income from continuing operations as an adjustment to tax expense in the reporting period the amounts are determined. The Company adopted this ASU with the provisional adjustments as reported in the consolidated financial statements as of December 31, 2017. As of September 30, 2018, the Company did not incur any adjustments to the provisional recognition. In June 2018, the FASB issued ASU NO. 2018-07, Compensation – Stock Compensation (Topic 718): Improvements to Nonemployee Share-Based Payment Accounting. This new guidance simplifies the accounting for share-based payment transactions for acquiring goods and services from nonemployees, applying some of the same requirements as employee share-based payment transactions. This ASU will not affect the accounting for share-based payment awards to nonemployee directors, which will continue to be treated as employee share-based transactions under the current standards. ASU 2018-07 is effective for fiscal years beginning after December 15, 2018, including interim period within those fiscal years. Early adoption is permitted. As of September 30, 2018, the Company does not expect this ASU to have a material impact on the Company’s consolidated financial statement, as it is not the Company’s practice to issue stock-based awards to pay for goods and services from nonemployees, other than nonemployee directors. 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. ASU 2018-13 is effective for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2019. Early adoption is permitted for any removed or modified disclosures. The adoption of ASU 2018-13 is not expected to have a material impact on the Company’s consolidated financial statements.

ACQUISITION

ACQUISITION	9 Months Ended
	Sep. 30, 2018
Business Combinations [Abstract]
ACQUISITION	NOTE 3 – ACQUISITION On April 28, 2017, to increase its market area, reduce net funding costs, and improve operating efficiency, the Company acquired all the assets and assumed all the liabilities of First ULB Corp. (“FULB”) and its subsidiary, United Business Bank, FSB. The Company added eight locations including seven full service branches and one loan production office. The branch offices are located in Oakland, San Jose, Sacramento, San Francisco, Glendale, California and Albuquerque, New Mexico and Tukwila, Washington. The loan production office is located in Los Angeles, California. The Company paid a total of $41.9 million comprised of cash of $19.0 million and 1,371,579 shares of its common stock at a price of $16.66 per share in exchange for all of the common shares outstanding of FULB. Each share of FULB common stock was converted into .9733 share of the Company’s common stock. As of the merger date, the fair value of FULB’s consolidated assets totaled approximately $473.1 million and deposits totaled approximately $428.0 million. The fair value of estimates are subject to change during the measurement period, after the acquisition date as additional information relative to the acquisition date fair values becomes available. The merger transaction is accounted for using the acquisition method of accounting for business combinations FASB ASC 805, Business Combinations. The net assets acquired and the liabilities assumed totaled approximately $32.8 million at the date of merger. The Company also assumed the Floating Rate Junior Subordinated Deferrable Interest Debentures issued by FULB (the “Subordinated Debentures”) which are held by the First ULB Statutory Trust 1 (the “Trust”) and the lease obligation related to each facility. On November 3, 2017, to enhance its market share in the state of Washington, the Company acquired Plaza Bank (“Plaza Bank”) adding one branch office located in Seattle, Washington. The Company issued 626,381 shares of its common stock at a price of $19.10 per share in exchange for the all of the common shares outstanding of Plaza Bank. Each share of Plaza Bank’s common stock outstanding was converted into .084795 share of the Company’s common stock. As of the merger date, the fair value of Plaza Bank’s assets totaled approximately $75.8 million and deposits totaled approximately $54.2 million. The fair value of estimates are subject to change during the measurement period, after the acquisition date as additional information relative to the acquisition date fair values becomes available. The merger transaction is accounted for using the acquisition method of accounting for business combinations FASB ASC 805, Business Combinations. The net assets acquired and the liabilities assumed totaled approximately $10.8 million at the date of merger. The Company assumed the lease obligation related to the branch facility. The acquisitions resulted in $10.4 million in goodwill which represents the excess of the total purchase price paid over the fair value of the assets acquired, net of the fair values of liabilities assumed. Goodwill mainly reflects expected value created through the combined operations of the acquisitions which we evaluate for impairment annually. Pro Forma Results of Operations The operating results of the Company for the nine months ended September 30, 2018 and 2017 include the operating results of FULB and Plaza Bank since their respective acquisition dates. The following table represents the net interest and net income, basic earnings per share and diluted earning per share as if the acquisition with FULB and Plaza Bank were effective as of January 1, 2018 and 2017 for the respective year in which each acquisition was closed. The unaudited pro forma information in the following table is intended for informational purposes only and is not necessarily indicative of our future operating results that would have occurred had the mergers been completed at the beginning of each respective period. No assumptions have been applied to the pro forma results of operation regarding possible revenue enhancements, expense efficiencies or asset dispositions. The contributions of the FULB and Plaza Bank are fully accounted for in the Condensed Consolidated Statements of Income for the three and nine months ended September 30, 2018. The contribution of the acquired operations from FULB and Plaza Bank to our proforma results of operations for the nine months ended September 30, 2018 and 2017 is as follows: Actual Proforma Nine Months Ended September 30, 2018 2017 Net interest income $ 38,029 $ 33,851 Net income 11,875 7,689 Basic earnings per share $ 1.30 $ 1.23 Diluted earnings per share $ 1.30 $ 1.23 The core deposit intangible represents the estimated future benefits of acquired deposits and is recorded separately from the related deposits. The transactions resulted in a core deposit intangible asset of $4.8 million from the acquisitions. The amortized core deposit intangible expense during the first nine months of 2018 and 2017 totaled $868,000 and $573,000, respectively. The core deposit intangible is amortized on an accelerated basis over an estimated ten-year life. The amortization is higher in the early years and then declines in the later years. The asset is evaluated periodically for impairment. No impairment loss was recognized as of September 30, 2018. Acquisition-related expenses are recognized as incurred and continue until all systems have been converted and operational functions become fully integrated. We incurred acquisition-related expenses in the consolidated statements of income in 2017 as follows: Period Recognized September 30, 2017 December 31, 2017 FULB Plaza Total Acquisition related expenses in 2017 Professional fees $ 349 $ 225 $ 574 Data processing 1,586 855 2,441 Salaries and employee benefits 212 75 287 Other 120 54 174 Total year-to-date $ 2,267 $ 1,209 $ 3,476 Pending Acquisition On August 10, 2018, the Company entered into a definitive agreement (the "Agreement") with Bethlehem Financial Corporation, headquartered in Belin, New Mexico, pursuant to which BFC will be merged with and into BayCom Corp, and immediately thereafter BFC’s bank subsidiary, MyBank, will be merged with and into United Business Bank. MyBank serves central New Mexico through five branches operating in Belen, Rio Communities, Los Lunas, Albuquerque, and Mountainair, New Mexico. Under the terms of the Agreement, BFC shareholders will receive $62.00 in cash for each share of BFC common stock or approximately $23.5 million in aggregate. In the event the Agreement is terminated under certain specified circumstances in connection with a competing transaction, BFC will be required to pay the Company a termination fee of $1.5 million in cash. The proposed transaction has been approved by regulatory authorities and by the shareholders of BFC. It is expected to be completed on November 30, 2018, subject to the remaining customary closing conditions. At September 30, 2018, BFC reported total assets of $157.2 million, total loans of $77.2 million and total deposits of $136.3 million. The foregoing description of the Agreement does not purport to be complete and is qualified in its entirety by reference to the Agreement, attached as Exhibit 2.1 to BayCom Corp’s Current Report on Form 8-K which was filed with the SEC on August 13, 2018.

INVESTMENTS AVAILABLE FOR SALE

INVESTMENTS AVAILABLE FOR SALE	9 Months Ended
	Sep. 30, 2018
Investments, Debt and Equity Securities [Abstract]
INVESTMENTS AVAILABLE FOR SALE	NOTE 4 – INVESTMENTS AVAILABLE FOR SALE The amortized cost, gross unrealized gains and losses and estimated fair values of securities at the dates indicated are summarized as follows: Gross Gross Amortized unrealized unrealized Estimated cost gains losses fair value September 30, 2018 Municipal securities $ 16,235 $ 23 $ (310 ) $ 15,948 Mortgage-backed securities 31,649 25 (394 ) 31,280 Collateralized mortgage obligations 928 - (20 ) 908 Corporate bonds 7,014 - (21 ) 6,993 U.S. Government Agencies 10,070 - (36 ) 10,034 SBA securities 4,589 - (70 ) 4,519 Total $ 70,485 $ 48 $ (851 ) $ 69,682 Gross Gross Amortized unrealized unrealized Estimated cost gains losses fair value December 31, 2017 Municipal securities $ 15,910 $ 182 $ (45 ) $ 16,047 Mortgage-backed securities 9,621 143 (24 ) 9,740 Collateralized mortgage obligations 1,758 1 (9 ) 1,750 Corporate bonds - - - - U.S. Government Agencies 6,984 - (13 ) 6,971 SBA securities 5,929 78 (10 ) 5,997 Total $ 40,202 $ 404 $ (101 ) $ 40,505 The gross unrealized losses and the estimated fair value for securities available-for-sale aggregated by the length of time that individual securities have been in a continuous unrealized loss position was at September 30, 2018 follows: Less than 12 months 12 months or more Total Estimated Unrealized Estimated Unrealized Estimated Unrealized Fair Value Loss Fair Value Loss Fair Value Loss Municipal securities $ 10,857 $ (231 ) $ 2,855 $ (79 ) $ 13,712 $ (310 ) Mortgage-backed securities 29,290 (375 ) 988 (19 ) 30,278 (394 ) Collateralized mortgage obligations 405 (6 ) 503 (14 ) 908 (20 ) Corporate Bonds 6,993 (21 ) - - 6,993 (21 ) U.S. Government Agencies 9,289 (30 ) 745 (6 ) 10,034 (36 ) SBA securities 3,694 (67 ) 825 (3 )# 4,519 (70 ) Total $ 60,528 $ (730 ) $ 5,916 $ (121 ) $ 66,444 $ (851 ) The gross unrealized losses and the fair value for securities available-for-sale and held-to-maturity aggregated by the length of time that individual securities have been in a continuous unrealized loss position was at December 31, 2017 follows: Less than 12 months 12 months or more Total Estimated Unrealized Estimated Unrealized Estimated Unrealized Fair Value Loss Fair Value Loss Fair Value Loss Municipal securities $ 4,011 $ (39 ) $ 267 $ (6 ) $ 4,278 $ (45 ) Mortgage-backed securities 4,075 (24 ) - - 4,075 (24 ) Collateralized mortgage obligations 1,201 (9 ) - - 1,201 (9 ) Corporate Bonds - - - - - - U.S. Government Agencies 6,981 (13 ) - - 6,981 (13 ) SBA securities 1,245 (10 ) - - 1,245 (10 ) Total $ 17,513 $ (95 ) $ 267 $ (6 ) $ 17,780 $ (101 ) At September 30, 2018, there were 20 securities in an unrealized loss position for greater than twelve consecutive months. At the same time, there were 87 securities in an unrealized loss position for less than twelve consecutive months. At December 31, 2017, there was one security in an unrealized loss position for greater than twelve consecutive months, and there were 45 securities in an unrealized loss position for less than twelve consecutive months. Management periodically evaluates each security in an unrealized loss position to determine if the impairment is temporary or other-than-temporary. The unrealized losses are due solely to interest rate changes and the Company does not intend to sell nor expects it will be required to sell investment securities identified with unrealized losses prior to the earliest of forecasted recovery or the maturity of the underlying investment security. Management has determined that no investment security was other-than-temporarily impaired at September 30, 2018 and December 31, 2017. The amortized cost and estimated fair value of available-for-sale securities 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. September 30, 2018 December 31, 2017 Amortized Estimated Amortized Estimated Cost Fair Value Cost Fair Value Available-for-sale: Due in one year or less $ 8,172 $ 8,146 $ 5,248 $ 5,243 Due after one through five years 12,510 12,416 4,987 4,959 Due after five years through ten years 19,561 19,278 14,619 14,737 Due after ten years 30,242 29,842 15,348 15,566 Total $ 70,485 $ 69,682 $ 40,202 $ 40,505 For the nine months ended September 30, 2018, pretax recognized gains of $3,000 were recorded and no losses were recorded. No realized gains or losses were recorded for the nine months ended September 30, 2017.

LOANS

LOANS	9 Months Ended
	Sep. 30, 2018
Receivables [Abstract]
LOANS	NOTE 5 - LOANS Loans are summarized as follows at the dates indicated: September 30, December 31, 2018 2017 Commercial and industrial $ 113,229 $ 113,801 Construction and land 33,038 22,720 Commercial real estate 671,515 669,150 Residential 83,838 84,781 Consumer 630 1,096 Total loans 902,250 891,548 Net deferred loan fees (381 ) (469 ) Allowance for loan losses (5,500 ) (4,215 ) Net loans $ 896,369 $ 886,864 As of and for the periods noted, the Company’s total impaired loans including non-accrual loans, accruing TDR loans and accreting purchased credit impaired (“PCI”) loans that have experienced post-acquisition declines in cash flows expected to be collected are as follows: Commercial and industrial Construction and land Commercial real estate Residential Consumer Total September 30, 2018 Recorded investment in impaired loans: With no specific allowance recorded $ 506 $ - $ 2,008 $ 127 $ - $ 2,641 With a specific allowance recorded 2,565 - 773 - - 3,338 Total recorded investment in impaired loans $ 3,071 $ - $ 2,781 $ 127 $ - $ 5,979 Specific allowance on impaired loans 685 - - - - 685 December 31, 2017 Recorded investment in impaired loans: With no specific allowance recorded $ - $ - $ 1,120 $ - $ - $ 1,120 With a specific allowance recorded 13 - - - - 13 Total recorded investment in impaired loans $ 13 $ - $ 1,120 $ - $ - $ 1,133 Specific allowance on impaired loans 13 - - - - 13 Quarter ending September 30, 2018 Average recorded investment in impaired loans 1,387 - 1,829 192 - 3,408 Interest recognized 5 - 41 - - 46 Nine months ending September 30, 2018 Average recorded investment in impaired loans 1,261 - 1,508 300 - 3,069 Interest recognized 5 - 47 - - 52 Quarter ending September 30, 2017 Average recorded investment in impaired loans 121 - 1,033 - - 1,154 Interest recognized - - - - - - Nine months ending September 30, 2017 Average recorded investment in impaired loans 305 - 793 - - 1,098 Interest recognized - - 58 - - 58 Impaired loans on accrual are loans that have been restructured and are performing under modified loan agreements, and principal and interest is determined to be collectible. Nonaccrual loans are loans where principal and interest have been determined to not be fully collectible. The following table presents nonaccrual loans at the dates indicated: September 30, December 31, 2018 2017 Commercial and industrial $ 3,071 $ 13 Construction and land - - Commercial real estate 2,008 166 Residential 127 - Consumer - - Total nonaccrual loans $ 5,206 $ 179 The government guaranteed portion of nonaccrual loans was $2.3 million as of September 30, 2018. There was no government guaranteed portion of nonaccrual loans as of December 31, 2017. The following table presents loans by class modified as troubled debt restructuring (“TDR”) including any subsequent defaults at the dates indicated : September 30, 2018 Number of Loans Rate Modification Term Modification Interest Only Modification Rate & Term Modification Total Troubled Debt Restructurings Commercial and industrial 1 $ - $ - $ - $ 10 $ 10 Construction and land - - - - - - Commercial real estate 1 - - - 773 773 Residential 1 - 127 - - 127 Consumer - - - - - - Total 3 $ - $ 127 $ - $ 783 $ 910 December 31, 2017 Number of Loans Rate Modification Term Modification Interest Only Modification Rate & Term Modification Total Troubled Debt Restructurings Commercial and industrial 1 $ - $ - $ - $ 13 $ 13 Construction and land - - - - - - Commercial real estate 3 - 238 - 794 1,032 Residential - - - - - - Consumer - - - - - - Total 4 $ - $ 238 $ - $ 807 $ 1,045 There were no commitments for additional funding of TDR loans at September 30, 2018. There was one loan that was modified as a TDR during the nine months ended September 30, 2018. There were no loans modified within the previous twelve months for which there was a payment default. Risk rating system Each loan is assigned a risk grade based on its characteristics. Loans with low to average credit risk are assigned a lower risk grade than those with higher credit risk as determined by the individual loan characteristics. The Company’s “Pass” loans includes loans with acceptable business or individual credit risk where the borrower’s operations, cash flow or financial condition provides evidence of low to average levels of risk. A “Special Mention” asset has potential weaknesses that deserve close attention. If left uncorrected, these potential weaknesses may result in a deterioration of the repayment prospects for the asset or in the Company’s credit position at some future date. Special Mention assets are not adversely classified and do not expose the Company to sufficient risk to warrant adverse classification. A Special Mention rating should be a temporary rating, pending the occurrence of an event that would cause the risk rating to either improve or to be downgraded. A “Substandard” asset is inadequately protected by the current net worth and paying capacity of the obligor or of the collateral pledged. Assets so classified must have a well-defined weakness or weaknesses that jeopardize the liquidation of the debt. Assets are characterized by the distinct possibility that the Company will sustain some loss if the deficiencies are not corrected. The potential loss does not have to be recognizable in an individual credit for that credit to be risk rated substandard. Any asset classified “Doubtful” has all the weaknesses inherent in one classified substandard with the added characteristic that the weaknesses make collection or liquidation in full, on the basis of currently existing facts, conditions, and value, highly questionable and improbable. Doubtful assets have a high probability of loss, yet certain important and reasonably specific pending factors may work toward the strengthening of the asset. Losses are recognized as charges to the allowance when the loan or portion of the loan is considered uncollectible or at the time of foreclosure. Recoveries on loans receivable previously charged off are credited to the allowance for loan losses. The following tables represent the internally assigned grade by class of loans at the dates indicated: Special September 30, 2018 Pass Mention Substandard Doubtful Total Commercial and industrial $ 109,316 $ 244 $ 3,669 $ - $ 113,229 Construction and land 30,106 120 2,812 - 33,038 Commercial real estate 661,390 4,502 5,623 - 671,515 Residential 83,563 148 127 - 83,838 Consumer 630 - - - 630 Totals $ 885,005 $ 5,014 $ 12,231 $ - $ 902,250 Special December 31, 2017 Pass Mention Substandard Doubtful Total Commercial and industrial $ 112,078 $ 807 $ 916 $ - $ 113,801 Construction and land 19,833 - 2,887 - 22,720 Commercial real estate 661,878 4,058 3,214 - 669,150 Residential 84,781 - - - 84,781 Consumer 1,096 - - - 1,096 Total $ 879,666 $ 4,865 $ 7,017 $ - $ 891,548 The following tables provide an aging of the Company's loan receivable at the dates indicated: Recorded 90 Days Investment > 30-59 Days 60-89 Days or More Total Past Total Loans 90 Days and Past Due Past Due Past Due Due Current PCI Loans Receivable Accruing September 30, 2018 Commercial and industrial $ 195 $ - $ - $ 195 $ 113,032 $ 2 $ 113,229 $ - Construction and land - - - - 33,038 - 33,038 - Commercial real estate 316 645 1,424 2,385 658,578 10,552 671,515 1,424 Residential 296 - - 296 82,163 1,379 83,838 - Consumer - - - - 630 - 630 - Total $ 807 $ 645 $ 1,424 $ 2,876 $ 887,441 $ 11,933 $ 902,250 $ - Recorded 90 Days Investment > 30-59 Days 60-89 Days or More Total Past Total Loans 90 Days and Past Due Past Due Past Due Due Current PCI Loans Receivable Accruing December 31, 2017 Commercial and industrial $ 96 $ - $ - $ 96 $ 113,702 $ 3 $ 113,801 $ - Construction and land - - - - 22,720 - 22,720 - Commercial real estate 1,446 - - 1,446 654,687 13,017 669,150 - Residential 349 - - 349 83,137 1,295 84,781 - Consumer 3 - - 3 1,093 - 1,096 - Total $ 1,894 $ - $ - $ 1,894 $ 875,339 $ 14,315 $ 891,548 $ - Purchase Credit Impaired Loans (“PCI”) As part of acquisitions, the Company has purchased loans, some of which have shown evidence of credit deterioration since origination and it is probable at the acquisition that all contractually requirement payments would not be collected. The carrying amount and unpaid balance of PCI loans at the dates indicated: September 30, 2018 December 31, 2017 Unpaid Unpaid Principal Carrying Principal Carrying Balance Value Balance Value Commercial and industrial $ 107 $ 2 $ 149 $ 2 Construction and land - - - Commercial real estate 12,279 10,552 15,536 13,018 Residential 1,774 1,379 1,732 1,295 Consumer - - - - Total purchased credit impaired loans $ 14,160 $ 11,933 $ 17,417 $ 14,315

ALLOWANCE FOR LOAN LOSSES

ALLOWANCE FOR LOAN LOSSES	9 Months Ended
	Sep. 30, 2018
Receivables [Abstract]
ALLOWANCE FOR LOAN LOSSES	NOTE 6 – ALLOWANCE FOR LOAN LOSSES The following tables summarize the Company’s allowance for loan losses and loan balances individually and collectively evaluated for impairment as of or for the periods ending as indicated: Commercial Construction Commercial Three Months Ending September 30, 2018 and Industrial and Land Real Estate Residential Consumer Unallocated Total Allowance for loan losses Beginning balance $ 1,005 $ 251 $ 2,782 $ 160 $ - $ 402 $ 4,600 Charge-offs (186 ) - - - - - (186 ) Recoveries 5 - - - - - 5 Provision (reclassification) for loan losses 672 25 245 41 2 96 1,081 Ending balance $ 1,496 $ 276 $ 3,027 $ 201 $ 2 $ 498 $ 5,500 Allowance for loan losses related to: Loans individually evaluated for impairment $ 685 $ - $ - $ - $ - $ - $ 685 Loans collectively evaluated for impairment 811 276 3,027 201 2 498 4,815 PCI loans - - - - - - - Commercial Construction Commercial Nine Months Ending September 30, 2018 and Industrial and Land Real Estate Residential Consumer Unallocated Total Allowance for loan losses Beginning balance $ 841 $ 199 $ 2,695 $ 150 $ 3 $ 327 $ 4,215 Charge-offs (437 ) - - - - - (437 ) Recoveries 144 - - - - - 144 Provision (reclassification) for loan losses 948 77 332 51 (1 ) 171 1,578 Ending balance $ 1,496 $ 276 $ 3,027 $ 201 $ 2 $ 498 $ 5,500 Allowance for loan losses related to: Loans individually evaluated for impairment $ 685 $ - $ - $ - $ - $ - $ 685 Loans collectively evaluated for impairment 811 276 3,027 201 2 498 4,815 PCI loans - - - - - - - The following tables summarize the Company’s allowance for loan losses and loan balances individually and collectively evaluated for impairment as of or for the periods ending as indicated: Commercial Construction Commercial Three Months Ending September 30, 2017 and Industrial and Land Real Estate Residential Consumer Unallocated Total Allowance for loan losses Beginning balance $ 1,045 $ 285 $ 2,553 $ 152 $ 2 $ 38 $ 4,075 Charge-offs (63 ) - - - (1 ) - (64 ) Recoveries 6 - - - - - 6 Provision (reclassification) for loan losses (68 ) (110 ) 50 (18 ) 2 202 58 Ending balance $ 920 $ 175 $ 2,603 $ 134 $ 3 $ 240 $ 4,075 Allowance for loan losses related to: Loans individually evaluated for impairment $ 13 $ - $ - $ - $ - $ - $ 13 Loans collectively evaluated for impairment 907 175 2,603 134 3 240 4,062 PCI loans - - - - - - - Commercial Construction Commercial Nine Months Ending September 30, 2017 and Industrial and Land Real Estate Residential Consumer Unallocated Total Allowance for loan losses Beginning balance $ 1,011 $ 287 $ 2,105 $ 151 $ 4 $ 217 $ 3,775 Charge-offs (63 ) - (3 ) - (1 ) - (67 ) Recoveries 22 - - - - - 22 Provision (reclassification) for loan losses (50 ) (112 ) 501 (17 ) - 23 345 Ending balance $ 920 $ 175 $ 2,603 $ 134 $ 3 $ 240 $ 4,075 Allowance for loan losses related to: Loans individually evaluated for impairment $ 13 $ - $ - $ - $ - $ - $ 13 Loans collectively evaluated for impairment 907 175 2,603 134 3 240 4,062 PCI loans - - - - - - - At September 30, 2018 a loan totaling $1.4 million was 90 days or more past due and accruing interest. This loan is well secured and in the process of being renewed. At December 31, 2017 there were no loans that were 90 days or more past due where interest was still accruing.

PREMISES AND EQUIPMENT

PREMISES AND EQUIPMENT	9 Months Ended
	Sep. 30, 2018
Property, Plant and Equipment [Abstract]
Premises and Equipment	NOTE 7 – PREMISES AND EQUIPMENT Premises and equipment consisted of the following at the dates indicated: September 30, 2018 December 31, 2017 Premises owned $ 7,286 $ 7,276 Write-down on premises owned (600 ) - Net premises owned 6,686 7,276 Leasehold improvements 1,600 1,271 Furniture, fixtures and equipment 3,212 2,939 Less accumulated depreciation and amortization (3,754 ) (3,087 ) Total premises and equipment, net $ 7,744 $ 8,399 Depreciation and amortization included in occupancy and equipment expense for the three and nine months ended September 30, 2018 was $227,000 and $693,000 compared to $225,000 and $532,000 for the three and nine months ended September 30, 2017, respectively. The Company leases its branches and administrative offices under noncanceable operating leases. The leases expire on various dates through 2025. All leases have an option to renew with renewal periods between three to twelve years. Future minimum lease payments as of September 30, 2018 are as follows: Year ending December 31, 2018 $ 557 2019 2,177 2020 1,898 2021 1,575 2022 1,442 Thereafter 1,424 Total $ 9,073

CASH SURRENDER VALUE OF LIFE IN

CASH SURRENDER VALUE OF LIFE INSURANCE	9 Months Ended
	Sep. 30, 2018
CASH SURRENDER VALUE OF LIFE INSURANCE [Abstract]
CASH SURRENDER VALUE OF LIFE INSURANCE	NOTE 8 - CASH SURRENDER VALUE OF LIFE INSURANCE Activity on the Bank owned life insurance policies is as follows for the periods indicated: September 30, 2018 December 31, 2017 Beginning balance $ 17,132 $ 6,470 Increase in cash value of life insurance 231 232 Additional policies purchased - 10,430 Death benefit carrying value payout (777 ) - Ending balance $ 16,586 $ 17,132 End of period death benefit $ 37,105 $ 38,581 Number of policies owned 42 44 Insurance companies used 5 5 Current and former directors and officers covered 25 26 The Bank owned life insurance policies are recorded on the Company’s financial statements at their reported cash (surrender) values. As a result of current tax law and the nature of these policies, the Company records any increase, less any applicable surrender charges, in cash value of these policies as nontaxable noninterest income. If the Company decided result in a tax expense related to the life-to-date cumulative increase in the cash surrender value of the policy. If the Company retains such policies until the death of the insured, the Company would receive nontaxable proceeds from the insurance company equal to the death benefit of the policies.

GOODWILL AND INTANGIBLE ASSETS

GOODWILL AND INTANGIBLE ASSETS	9 Months Ended
	Sep. 30, 2018
Goodwill and Intangible Assets Disclosure [Abstract]
GOODWILL AND INTANGIBLE ASSETS	NOTE 9 – GOODWILL AND INTANGIBLE ASSETS Goodwill The goodwill at September 30, 2018 and December 31, 2017 was $10.4 million. Impairment exists when a reporting unit’s carrying value of goodwill exceeds its fair value. As of September 30, 2018 and September 30, 2017, the Company had positive equity and 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 quantitative assessment indicated it was more than likely than not that its fair value exceeded its carrying value, resulting in no impairment. Core Deposit Intangible Acquired intangible assets at the dates indicated were as follows: September 30, December 31, 2018 2017 Beginning core deposit intangible $ 4,772 $ 802 Additions - 4,820 Less accumulated amortization (868 ) (850 ) Ending net core deposit intangible $ 3,904 $ 4,772 The Company recorded total amortization expense of $868,000 for the nine months ended September 30, 2018, $850,000 for the year ended December 31, 2017 and $573,000 for the nine months ended September 30, 2017. Estimated annual amortization is as follows as of September 30, 2018: Year ending December 31, 2018 $ 289 2019 1,145 2020 991 2021 977 2022 325 Thereafter 177 Total $ 3,904

OTHER ASSETS

OTHER ASSETS	9 Months Ended
	Sep. 30, 2018
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]
OTHER ASSETS	NOTE 10 – OTHER ASSETS At the dates indicated, the Company’s other assets consisted of the following: September 30, December 31, 2018 2017 Deferred tax assets, net $ 7,429 $ 6,519 Accrued interest receivable 3,337 3,002 Investment in SBIC Fund 1,532 799 Prepaid assets 1,238 2,391 Servicing asset 967 1,270 Investment in statuatory trust 301 296 All other 1,125 880 Total $ 15,929 $ 15,157

DEPOSITS

DEPOSITS	9 Months Ended
	Sep. 30, 2018
Banking and Thrift [Abstract]
DEPOSITS	NOTE 11 – DEPOSITS Deposits consisted of the following at the dates indicated: September 30, December 31, 2018 2017 Demand deposits $ 349,346 $ 327,309 NOW accounts and Savings 211,629 191,550 Money market 366,417 356,640 Time under $250,000 104,367 126,271 Time $250,000 and over 98,962 102,535 Total deposits $ 1,130,721 $ 1,104,305

BORROWINGS

BORROWINGS	9 Months Ended
	Sep. 30, 2018
Debt Disclosure [Abstract]
BORROWINGS	NOTE 12 - BORROWINGS At September 30, 2018 the Company had no borrowings. At December 31, 2017 the Company had a secured term borrowing totaling $6.0 million and a line totaling $9.0 million with a correspondent bank secured by the Bank’s common stock. The Company has an approved secured borrowing facility with the FHLB for up to 25% of total assets for a term not to exceed five years under a blanket lien of certain types of loans. There were no outstanding borrowings under this facility at September 30, 2018 and December 31, 2017. As of September 30, 2018, the FHLB had issued a letter of credit on behalf of the Bank totaling $7.5 million as collateral for local agency deposits. No amounts have been drawn under this letter of credit. The Company has four Federal Funds lines with available commitments totaling $55.0 million with four correspondent banks. There were no amounts outstanding under these facilities at September 30, 2018 and December 31, 2017.

JUNIOR SUBORDINATED DEFERRABLE

JUNIOR SUBORDINATED DEFERRABLE INTEREST DEBENTURES	9 Months Ended
	Sep. 30, 2018
Debt Disclosure [Abstract]
JUNIOR SUBORDINATED DEFERRABLE INTEREST DEBENTURES	NOTE 13– JUNIOR SUBORDINATED DEFERRABLE INTEREST DEBENTURES The Company has an investment in the First ULB Statutory Trust I that is accounted for under the equity method. The Company acquired the Trust in the acquisition of FULB. The Trust is a Delaware business formed with capital of $192,000 for the sole purpose of issuing trust preferred securities fully and unconditionally guaranteed by the Company. The Trust issued 6,200 Floating Rate Capital Trust Pass-Through Securities (“Trust Preferred Securities”), with a liquidation value of $1,000 per security, for gross proceeds of $6.2 million. The entire proceeds of the issuance were invested by the Trust in $6.4 million of Subordinated Debentures issued by FULB and assumed by the Company in the FULB acquisition, with identical maturities, repricing and payment terms as the Trust Preferred Securities. The Subordinated Debentures mature on September 15, 2034, bear a current interest rate of 4.90% (based on 3-months Libor plus 2.5%), with quarterly repricing. The Subordinated Debentures are redeemable by the Company subject to prior approval from the Federal Reserve Board of Governors (“Federal Reserve”), on any March 15, September 15, September 15, or December 15. The redemption price is par plus accrued and unpaid interest, except in the case of redemption under special event which is defined in the debenture. The Trust Preferred Securities are subject to mandatory redemption to the extent of any early redemption of the Subordinated Debentures and upon maturity of the Subordinated Debentures on September 15, 2034. As of September 30, 2018 and December 31, 2017, the Trust Preferred Securities had an outstanding net book value of $5.4 million. Holders of the Trust Preferred Securities are entitled to a cumulative cash distribution on the liquidation amount of $1,000 per security for each successive period beginning on March 15, June 15, September 15, and December 15, of each year. The Company also has the right to defer the payment of interest on each of the Subordinated Debentures for a period not to exceed 20 consecutive quarters, provided that the deferral period does not extend beyond the stated maturity date. During such deferral period, distributions on the corresponding Trust Preferred Securities will also be deferred and the Company may not pay cash dividends to the holders of shares of the Company’s common stock. The Company has guaranteed, on a subordinated basis, distributions and other payments due on the Trust Preferred Securities.

OTHER LIABILITIES

OTHER LIABILITIES	9 Months Ended
	Sep. 30, 2018
Other Liabilities Disclosure [Abstract]
OTHER LIABILITIES	NOTE 14 – OTHER LIABILITIES Other liabilities were comprised of the following at the dates indicated: September 30, December 31, 2018 2017 Accrued expenses $ 3,001 $ 3,716 Participant’s portion payable 1,591 - Deferred rents 546 287 CDARS deferred fees 501 487 Contingent liability 435 878 Accounts payable 311 240 Reserve for unfunded commitments 310 310 Accrued interest 175 141 Miscellaneous other liabilities 612 1,362 Total $ 7,482 $ 7,421

EQUITY INCENTIVE PLANS

EQUITY INCENTIVE PLANS	9 Months Ended
	Sep. 30, 2018
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
EQUITY INCENTIVE PLANS	NOTE 15 – 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. There were no equity incentive awards granted during the three months ended September 30, 2018. During the nine months ended September 30, 2018, 93,380 shares of restricted stock were awarded and no other equity incentive awards were granted. During the three months ended September 30, 2017, 28,500 shares of restricted stock were awarded and no other equity incentive awards were granted. Awarded shares of restricted stock vest over (i) a one-year period following the date of grant, in the case of the non-employee directors, and (ii) a three-year 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. 2014 Omnibus Equity Incentive Plan In 2014, the shareholders approved the Omnibus Equity Incentive Plan (the “2014 Plan”). A total of 148,962 equity incentive awards have been granted under the 2014 Plan. The awards are shares of restricted stock and have a vesting period of one to five years. No future equity awards will be made from the 2014 Plan. The Company recognizes compensation expense for the restricted stock awards based on the fair value of the shares at the award date. For the nine months ended September 30, 2018 and 2017, total compensation expense for these plans was $818,000 and $318,000, respectively. As of September 30, 2018, there was $2.5 million of total unrecognized compensation cost related to non-vested shares granted as restricted stock awards. The cost is expected to be recognized over the remaining weighted-average vesting period of approximately two years. The following table provides a summary of changes in non-vested restricted stock awards for the nine months ended September 30, 2018 and 2017: 2018 2017 Weighted-Average Weighted-Average Grant Date Grant Date Shares Fair Value Shares Fair Value Non-vested at January 1, 67,481 $ 13.51 68,605 $ 11.51 Granted 15,232 19.45 14,133 14.86 Vested (8,706 ) 13.40 (5,333 ) 12.47 Non-vested at March 31, 74,007 14.75 77,405 12.06 Granted 78,148 22.00 - - Vested - - - - Non-vested at June 30, 152,155 18.47 77,405 12.06 Granted - - 14,367 17.00 Vested (21,155 ) 14.08 (24,291 ) 10.96 Non-vested at September 30, 131,000 19.18 67,481 13.51

EARNINGS PER SHARE CALCULATION

EARNINGS PER SHARE CALCULATION	9 Months Ended
	Sep. 30, 2018
Earnings Per Share [Abstract]
EARNINGS PER SHARE CALCULATION	NOTE 16 – EARNINGS PER SHARE CALCULATION Earnings per common share (“EPS”) are computed based on the weighted average number of common shares outstanding during the period. Basic EPS excludes dilution and is computed by dividing net earnings available to common stockholders by the weighted average of common shares outstanding. Diluted EPS reflects the potential dilution that could occur if securities or other contracts to issue common stock were exercised or converted into common stock. The number of potential common shares included in the quarterly diluted EPS is computed using the average market price during the three months included in the reporting period under the treasury stock method. The number of potential common shares included in year-to-date diluted EPS is a year-to-date weighted average of potential shares included in each quarterly diluted EPS computation. Dilutive income per share includes the effect of stock options and other potentially dilutive securities using the treasury stock method. Nonvested share-based payment awards that contain nonforfeitable rights to dividends or dividend equivalents are considered participating securities and are included in the computation of earnings per share. All of the Company's nonvested restricted stock awards qualify as participating securities. There were no dilutive shares at September 30, 2018 or 2017. Earnings per share have been computed as follows for the periods shown: Three months ended Nine months ended September 30, September 30, 2018 2017 2018 2017 Net income $ 3,518 $ 3,181 $ 11,875 $ 6,099 Weighted Average number of shares outstanding 10,869,275 6,870,614 9,295,274 6,270,991 Average number of shares outstanding used to calculate diluted earngs per share 10,869,275 6,870,614 9,295,274 6,270,991 Basic and diluted earnings per share $ 0.31 $ 0.46 $ 1.30 $ 0.97

FAIR VALUE MEASUREMENT

FAIR VALUE MEASUREMENT	9 Months Ended
	Sep. 30, 2018
Fair Value Disclosures [Abstract]
FAIR VALUE MEASUREMENT	NOTE 17 – FAIR VALUE MEASUREMENT On January 1, 2018, the Company adopted ASU 2016-01, Financial Instruments - Overall (Subtopic 825 10), Recognition and Measurement of Financial Assets and Financial Liabilities, which requires the Company to use the exit price notion when measuring the fair value of financial instruments for disclosure purposes. The Company determines the fair values of its financial instruments based on the requirements established in Accounting Standards Codification (“ASC”) 820, Fair Value Measurements, which provides a framework for measuring fair value in accordance with U.S. GAAP and requires an entity to maximize the use of observable inputs and minimize the use of unobservable inputs when measuring fair value. ASC 820 defines fair values for financial instruments as the exit price, the price that would be received for an asset or paid to transfer a liability, in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants on the measurement date under current market conditions. The Company’s fair values for financial instruments at September 30, 2018 were determined based on these requirements. The following definitions describe the levels of inputs that may be used to measure fair value: Level 1 - Inputs are unadjusted quoted prices in active markets (as defined) for identical assets or liabilities that the reporting entity 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 2018 or 2017. The following financial instruments are measured at fair value on a recurring basis at the dates indicated: September 30, 2018 Total Level 1 Level 2 Level 3 Municipal securities $ 15,948 $ - $ 15,948 $ - Mortgage-backed securities 31,280 - 31,280 - Corporate Bonds 908 - 908 - Collateralized mortgage obligations 6,993 - 6,993 - U.S. Government Agencies 10,034 - 10,034 - SBA securities 4,519 - 4,519 - Total assets measured at fair value $ 69,682 $ - $ 69,682 $ - December 31, 2017 Total Level 1 Level 2 Level 3 Municipal securities $ 16,047 $ - $ 16,047 $ - Mortgage-backed securities 9,740 - 9,740 - Collateralized mortgage obligations 1,750 - 1,750 - Corporate Bonds - - - - U.S. Government Agencies 6,971 - 6,971 - SBA securities 5,997 - 5,997 - Total assets measured at fair value $ 40,505 $ - $ 40,505 $ - Fair values for investment securities are based on quoted market prices, where available. If quoted market prices are not available, fair values are based on quoted market prices of comparable instruments. The following tables present the recorded amounts of impaired loans measured at fair value on a non-recurring basis at the dates indicated: September 30, 2018 Fair Value Level 1 Level 2 Level 3 Commercial and industrial $ 2,386 $ - $ - $ 2,386 Construction and land - - - - Commercial real estate 2,781 - - 2,781 Residential 127 - - 127 Consumer - - - - Total impaired assets measured at fair value $ 5,294 $ - $ - $ 5,294 December 31, 2017 Fair Value Level 1 Level 2 Level 3 Commercial and industrial $ - $ - $ - $ - Construction and land - - - - Commercial real estate 1,120 - - 1,120 Residential - - - - Consumer - - - - Total impaired assets measured at fair value $ 1,120 $ - $ - $ 1,120 The Bank does not record loans at fair value. However, from time to time, if a loan is considered impaired, a specific allocation within the allowance for loan losses may be required. Loans for which it is probable that payment of interest and principal will not be made in accordance with the contractual terms of the loan agreement are considered impaired. The fair value of impaired loans is estimated using one of several methods, including collateral value, market value of similar debt, enterprise value, liquidation value and cash flows. Those impaired loans not requiring an allowance represent loans for which the value of the expected repayments or collateral equals or exceeds the recorded investments in such loans. Impaired loans where an allowance is established based on the fair value of collateral or when the impaired loan has been written down to fair value require classification in the fair value hierarchy. If the fair value of the collateral is based on a non-observable market price or a current appraised value, the Bank records the impaired loans as nonrecurring Level 3. When an appraised value is not available, or management determines the fair value of the collateral is further impaired below the appraised value and there is no observable market price, the Bank also records the impaired loans as nonrecurring Level 3. Fair Values of Financial Instruments. There have been no significant changes in valuation techniques during the periods reported. The following methods and assumptions were used to estimate the fair value disclosure for financial instruments: Cash and cash equivalents - Cash and cash equivalents include cash and due from banks and Fed funds sold, and are valued at their carrying amounts because of the short-term nature of these instruments. Interest bearing deposits in financial institutions - Interest bearing deposits in financial institutions are valued based on quoted interest rates for comparable instruments with similar remaining maturities. Investment Securities - The fair value of available of sale securities are based on quoted market prices, where available. If quoted market prices are not available, fair values are estimated using quoted market prices for similar securities and indications of value provides by brokers. Other equity securities - The carrying value of the FHLB and FRB stock approximates the fair value because the stock is redeemable at par. Loans – Loans with variable interest rates are valued at their exit price value, because these loans are regularly adjusted to market rates. The fair value of fixed rate loans with remaining maturities in excess of one year is estimated by discounting the future cash flows using current rates at which similar loans would be made to borrowers with similar credit ratings for the same remaining maturities. The allowance for loan losses is considered to be a reasonable estimate of the loan discount related to credit risk. Loans held for sale - Loans held for sale are carried at the lower of cost or fair value. The fair value of loans held for sale is based on what the secondary markets are currently offering for loans with similar characteristics. As such, the Bank classifies those loans subjected to nonrecurring fair value adjustments as Level 2. Accrued interest receivable and payable - The accrued interest receivable and payable balance approximates its fair value. Deposits - The fair value of non-interest bearing deposits, interest bearing transaction accounts and savings accounts is the amount payable on demand at the reporting date. The fair value of time deposits is estimated by discounting the future cash flows using current rates offered for deposits of similar remaining maturities. Other borrowings - The fair value is estimated by discounting the future cash flows using current rates offered for similar borrowings. The discount rate is equal to the market rate of currently offered similar products. This is an adjustable rate borrowing and adjusts to market on a quarterly basis. Junior Subordinated Deferrable Interest Debentures - The fair value of the Subordinated Debentures is determined based on rates and/or discounted cash flow analysis using interest rates offered in inactive markets for instruments of a similar maturity and structure resulting in a Level 3 classification. The Subordinated Debentures are carried at their current carrying value, because the Subordinated Debentures regularly adjust to market rates Undisbursed loan commitments and standby letters of credit - The fair value of the off-balance sheet items is based on discounted cash flows of expected fundings. Non-financial assets and liabilities defined by the FASB ASC 820, Fair Value measurements, such as Bank premises and equipment, deferred taxes, and other liabilities are excluded from the table. In addition, we have not disclosed the fair value of financial instruments specifically. The following table provides summary information on the estimated fair value of financial instruments at September 30, 2018: Carrying Fair Fair value measurements amount value Level 1 Level 2 Level 3 Financial assets: Cash and cash equivalents $ 313,217 $ 313,217 $ 313,217 $ - $ - Interest bearing deposits with financial institutions 1,000 1,000 1,000 - - Securities available for sale 69,682 69,682 - 69,682 - Other equity securities 7,364 - - 7,364 - Loans, net 896,369 893,727 - - 893,727 Loans held for sale 585 - - 585 - Accrued interest receivable 3,337 3,337 - 3,337 - Financial liabilities: Deposits 1,130,721 1,132,097 927,392 204,705 Subordinated Debentures 5,428 5,447 - - 5,447 Accrued interest payable 163 163 - 163 - Off-balance sheet liabilities: Undisbursed loan commitments, lines of credit, standby letters of credit 310 310 - - 310 The carrying amount of loans includes $5.2 million of nonaccrual loans (loans that are not accruing interest) as of September 30, 2018. The fair value of nonaccrual loans is based on the collateral values that secure the loans or the cash flows expected to be received. The following table provides summary information on the estimated fair value of financial instruments at December 31, 2017: Carrying Fair Fair value measurements amount value Level 1 Level 2 Level 3 Financial assets: Cash and cash equivalents $ 249,853 $ 249,853 $ 249,853 $ - $ - Interest bearing deposits with financial institutions 1,743 1,743 1,743 - - Securities available for sale 40,505 40,505 - 40,505 - Other equity securities 7,759 7,759 - 7,759 - Loans, net 886,864 883,361 - - 883,361 Loans held for sale 3,245 3,245 - 3,245 - Accrued interest receivable 3,002 3,002 - 3,002 - Financial liabilities: Deposits 1,104,305 1,104,665 875,506 229,159 - Subordinated Debentures 5,387 5,387 - - 5,387 Other borrowings 6,000 6,000 - - 6,000 Accrued interest payable 141 141 - 141 - Off-balance sheet liabilities: Undisbursed loan commitments, lines of credit, standby letters of credit 310 310 - - 310 The carrying amounts of loans include $ 179

COMMITMENTS AND CONTINGENCIES

COMMITMENTS AND CONTINGENCIES	9 Months Ended
	Sep. 30, 2018
Commitments and Contingencies Disclosure [Abstract]
COMMITMENTS AND CONTINGENCIES	NOTE 18 – 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 and commercial lines of credit and of undisbursed funds on construction and development loans. At September 30, 2018 and December 31, 2017, undisbursed commitments total $73.4 million and $98.7 million, respectively. In addition, at September 30, 2018 and December 31, 2017, the Company has issued standby letter of credit commitments, primarily issued for the third party performance obligations of Company clients totaling $402,000 and $213,000, respectively, of which none was outstanding at both September 30, 2018 and December 31, 2017. 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 Company’s outstanding loan commitments are made using the same underwriting standards as comparable outstanding loans. As of September 30, 2018 and December 31, 2017, the reserve associated with these commitments was $310,000. Local Agency Deposits 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 and Washington. As of September 30, 2018 and December 31, 2017 the FHLB issued a letter of credit on behalf of the Company totaling $7.5 million and $9.9 million, respectively, as collateral for local agency deposits.

BASIS OF PRESENTATION (Policies

BASIS OF PRESENTATION (Policies)	9 Months Ended
	Sep. 30, 2018
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Revenue Recognition	Revenue Recognition In accordance with Topic 606, revenues are recognized when control of promised goods or services is transferred to customers in an amount that reflects the consideration the Company expects to be entitled to in exchange for those goods or services. To determine revenue recognition for arrangements that an entity determines are within the scope of Topic 606, the Company performs the following five steps: (i) identify the contract(s) with a customer; (ii) identify the performance obligations in the contract; (iii) determine the transaction price; (iv) allocate the transaction price to the performance obligations in the contract; and (v) recognize revenue when (or as) the Company satisfies a performance obligation. The Company only applies the five-step model to contracts when it is probable that the entity will collect the consideration it is entitled to in exchange for the goods or services it transfers to the customer. At contract inception, once the contract is determined to be within the scope of Topic 606, the Company assesses the goods or services that are promised within each contract and identifies those that contain performance obligations; and assesses whether each promised good or service is distinct. The Company then recognizes as revenue the amount of the transaction price that is allocated to the respective performance obligation when (or as) the performance obligation is satisfied. All of the Company’s revenue from contracts with customers in scope of ASC 606 is recognized in noninterest income and included in our commercial and consumer banking segment. For the nine months ended September 30, 2018, the Company recognized $238,000 in deposit fees, and $131,000 in debit card interchange fees considered in scope of ASC 606. There was a total of $5.1 million of noninterest income considered not in scope of ASC 606. On April 5, 2012, the JOBS Act was signed into law. The JOBS Act contains provisions that, among other things, reduce certain reporting requirements for qualifying public companies. As an “emerging growth company” we may delay adoption of new or revised accounting pronouncements applicable to public companies until such pronouncements are made applicable to private companies. We intend to take advantage of the benefits of this extended transition period. Accordingly, our condensed consolidated financial statements may not be comparable to companies that comply with such new or revised accounting standards.

ACQUISITION (Tables)

ACQUISITION (Tables)	9 Months Ended
	Sep. 30, 2018
Business acquisition, pro forma information	The contributions of the FULB and Plaza Bank are fully accounted for in the Condensed Consolidated Statements of Income for the three and nine months ended September 30, 2018. The contribution of the acquired operations from FULB and Plaza Bank to our proforma results of operations for the nine months ended September 30, 2018 and 2017 is as follows: Actual Proforma Nine Months Ended September 30, 2018 2017 Net interest income $ 38,029 $ 33,851 Net income 11,875 7,689 Basic earnings per share $ 1.30 $ 1.23 Diluted earnings per share $ 1.30 $ 1.23
Business acquisition, integration, restructuring and other related costs	Acquisition-related expenses are recognized as incurred and continue until all systems have been converted and operational functions become fully integrated. We incurred acquisition-related expenses in the consolidated statements of income in 2017 as follows: Period Recognized September 30, 2017 December 31, 2017 FULB Plaza Total Acquisition related expenses in 2017 Professional fees $ 349 $ 225 $ 574 Data processing 1,586 855 2,441 Salaries and employee benefits 212 75 287 Other 120 54 174 Total year-to-date $ 2,267 $ 1,209 $ 3,476

INVESTMENTS AVAILABLE FOR SALE

INVESTMENTS AVAILABLE FOR SALE (Tables)	9 Months Ended
	Sep. 30, 2018
Investments, Debt and Equity Securities [Abstract]
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 at the dates indicated are summarized as follows: Gross Gross Amortized unrealized unrealized Estimated cost gains losses fair value September 30, 2018 Municipal securities $ 16,235 $ 23 $ (310 ) $ 15,948 Mortgage-backed securities 31,649 25 (394 ) 31,280 Collateralized mortgage obligations 928 - (20 ) 908 Corporate bonds 7,014 - (21 ) 6,993 U.S. Government Agencies 10,070 - (36 ) 10,034 SBA securities 4,589 - (70 ) 4,519 Total $ 70,485 $ 48 $ (851 ) $ 69,682 Gross Gross Amortized unrealized unrealized Estimated cost gains losses fair value December 31, 2017 Municipal securities $ 15,910 $ 182 $ (45 ) $ 16,047 Mortgage-backed securities 9,621 143 (24 ) 9,740 Collateralized mortgage obligations 1,758 1 (9 ) 1,750 Corporate bonds - - - - U.S. Government Agencies 6,984 - (13 ) 6,971 SBA securities 5,929 78 (10 ) 5,997 Total $ 40,202 $ 404 $ (101 ) $ 40,505
Schedule of available-for-sale securities, continuous unrealized loss position, fair value	The gross unrealized losses and the estimated fair value for securities available-for-sale aggregated by the length of time that individual securities have been in a continuous unrealized loss position was at September 30, 2018 follows: Less than 12 months 12 months or more Total Estimated Unrealized Estimated Unrealized Estimated Unrealized Fair Value Loss Fair Value Loss Fair Value Loss Municipal securities $ 10,857 $ (231 ) $ 2,855 $ (79 ) $ 13,712 $ (310 ) Mortgage-backed securities 29,290 (375 ) 988 (19 ) 30,278 (394 ) Collateralized mortgage obligations 405 (6 ) 503 (14 ) 908 (20 ) Corporate Bonds 6,993 (21 ) - - 6,993 (21 ) U.S. Government Agencies 9,289 (30 ) 745 (6 ) 10,034 (36 ) SBA securities 3,694 (67 ) 825 (3 )# 4,519 (70 ) Total $ 60,528 $ (730 ) $ 5,916 $ (121 ) $ 66,444 $ (851 ) The gross unrealized losses and the fair value for securities available-for-sale and held-to-maturity aggregated by the length of time that individual securities have been in a continuous unrealized loss position was at December 31, 2017 follows: Less than 12 months 12 months or more Total Estimated Unrealized Estimated Unrealized Estimated Unrealized Fair Value Loss Fair Value Loss Fair Value Loss Municipal securities $ 4,011 $ (39 ) $ 267 $ (6 ) $ 4,278 $ (45 ) Mortgage-backed securities 4,075 (24 ) - - 4,075 (24 ) Collateralized mortgage obligations 1,201 (9 ) - - 1,201 (9 ) Corporate Bonds - - - - - - U.S. Government Agencies 6,981 (13 ) - - 6,981 (13 ) SBA securities 1,245 (10 ) - - 1,245 (10 ) Total $ 17,513 $ (95 ) $ 267 $ (6 ) $ 17,780 $ (101 )
Schedule of investments classified by contractual maturity date	The amortized cost and estimated fair value of available-for-sale securities 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. September 30, 2018 December 31, 2017 Amortized Estimated Amortized Estimated Cost Fair Value Cost Fair Value Available-for-sale: Due in one year or less $ 8,172 $ 8,146 $ 5,248 $ 5,243 Due after one through five years 12,510 12,416 4,987 4,959 Due after five years through ten years 19,561 19,278 14,619 14,737 Due after ten years 30,242 29,842 15,348 15,566 Total $ 70,485 $ 69,682 $ 40,202 $ 40,505

LOANS (Tables)

LOANS (Tables)	9 Months Ended
	Sep. 30, 2018
Receivables [Abstract]
Schedule of accounts, notes, loans and financing receivable	Loans are summarized as follows at the dates indicated: September 30, December 31, 2018 2017 Commercial and industrial $ 113,229 $ 113,801 Construction and land 33,038 22,720 Commercial real estate 671,515 669,150 Residential 83,838 84,781 Consumer 630 1,096 Total loans 902,250 891,548 Net deferred loan fees (381 ) (469 ) Allowance for loan losses (5,500 ) (4,215 ) Net loans $ 896,369 $ 886,864
Schedule of impaired financing receivables	As of and for the periods noted, the Company’s total impaired loans including non-accrual loans, accruing TDR loans and accreting purchased credit impaired (“PCI”) loans that have experienced post-acquisition declines in cash flows expected to be collected are as follows: Commercial and industrial Construction and land Commercial real estate Residential Consumer Total September 30, 2018 Recorded investment in impaired loans: With no specific allowance recorded $ 506 $ - $ 2,008 $ 127 $ - $ 2,641 With a specific allowance recorded 2,565 - 773 - - 3,338 Total recorded investment in impaired loans $ 3,071 $ - $ 2,781 $ 127 $ - $ 5,979 Specific allowance on impaired loans 685 - - - - 685 December 31, 2017 Recorded investment in impaired loans: With no specific allowance recorded $ - $ - $ 1,120 $ - $ - $ 1,120 With a specific allowance recorded 13 - - - - 13 Total recorded investment in impaired loans $ 13 $ - $ 1,120 $ - $ - $ 1,133 Specific allowance on impaired loans 13 - - - - 13 Quarter ending September 30, 2018 Average recorded investment in impaired loans 1,387 - 1,829 192 - 3,408 Interest recognized 5 - 41 - - 46 Nine months ending September 30, 2018 Average recorded investment in impaired loans 1,261 - 1,508 300 - 3,069 Interest recognized 5 - 47 - - 52 Quarter ending September 30, 2017 Average recorded investment in impaired loans 121 - 1,033 - - 1,154 Interest recognized - - - - - - Nine months ending September 30, 2017 Average recorded investment in impaired loans 305 - 793 - - 1,098 Interest recognized - - 58 - - 58
Schedule of financing receivables, non accrual status	The following table presents nonaccrual loans at the dates indicated: September 30, December 31, 2018 2017 Commercial and industrial $ 3,071 $ 13 Construction and land - - Commercial real estate 2,008 166 Residential 127 - Consumer - - Total nonaccrual loans $ 5,206 $ 179
Schedule of debtor troubled debt restructuring, current period	The following table presents loans by class modified as troubled debt restructuring (“TDR”) including any subsequent defaults at the dates indicated : September 30, 2018 Number of Loans Rate Modification Term Modification Interest Only Modification Rate & Term Modification Total Troubled Debt Restructurings Commercial and industrial 1 $ - $ - $ - $ 10 $ 10 Construction and land - - - - - - Commercial real estate 1 - - - 773 773 Residential 1 - 127 - - 127 Consumer - - - - - - Total 3 $ - $ 127 $ - $ 783 $ 910 December 31, 2017 Number of Loans Rate Modification Term Modification Interest Only Modification Rate & Term Modification Total Troubled Debt Restructurings Commercial and industrial 1 $ - $ - $ - $ 13 $ 13 Construction and land - - - - - - Commercial real estate 3 - 238 - 794 1,032 Residential - - - - - - Consumer - - - - - - Total 4 $ - $ 238 $ - $ 807 $ 1,045
Schedule of financing receivable credit quality indicators	The following tables represent the internally assigned grade by class of loans at the dates indicated: Special September 30, 2018 Pass Mention Substandard Doubtful Total Commercial and industrial $ 109,316 $ 244 $ 3,669 $ - $ 113,229 Construction and land 30,106 120 2,812 - 33,038 Commercial real estate 661,390 4,502 5,623 - 671,515 Residential 83,563 148 127 - 83,838 Consumer 630 - - - 630 Totals $ 885,005 $ 5,014 $ 12,231 $ - $ 902,250 Special December 31, 2017 Pass Mention Substandard Doubtful Total Commercial and industrial $ 112,078 $ 807 $ 916 $ - $ 113,801 Construction and land 19,833 - 2,887 - 22,720 Commercial real estate 661,878 4,058 3,214 - 669,150 Residential 84,781 - - - 84,781 Consumer 1,096 - - - 1,096 Total $ 879,666 $ 4,865 $ 7,017 $ - $ 891,548
Schedule of past due financing receivables	The following tables provide an aging of the Company's loan receivable at the dates indicated: Recorded 90 Days Investment > 30-59 Days 60-89 Days or More Total Past Total Loans 90 Days and Past Due Past Due Past Due Due Current PCI Loans Receivable Accruing September 30, 2018 Commercial and industrial $ 195 $ - $ - $ 195 $ 113,032 $ 2 $ 113,229 $ - Construction and land - - - - 33,038 - 33,038 - Commercial real estate 316 645 1,424 2,385 658,578 10,552 671,515 1,424 Residential 296 - - 296 82,163 1,379 83,838 - Consumer - - - - 630 - 630 - Total $ 807 $ 645 $ 1,424 $ 2,876 $ 887,441 $ 11,933 $ 902,250 $ - Recorded 90 Days Investment > 30-59 Days 60-89 Days or More Total Past Total Loans 90 Days and Past Due Past Due Past Due Due Current PCI Loans Receivable Accruing December 31, 2017 Commercial and industrial $ 96 $ - $ - $ 96 $ 113,702 $ 3 $ 113,801 $ - Construction and land - - - - 22,720 - 22,720 - Commercial real estate 1,446 - - 1,446 654,687 13,017 669,150 - Residential 349 - - 349 83,137 1,295 84,781 - Consumer 3 - - 3 1,093 - 1,096 - Total $ 1,894 $ - $ - $ 1,894 $ 875,339 $ 14,315 $ 891,548 $ -
Schedule of purchase credit impaired loans	The carrying amount and unpaid balance of PCI loans at the dates indicated: September 30, 2018 December 31, 2017 Unpaid Unpaid Principal Carrying Principal Carrying Balance Value Balance Value Commercial and industrial $ 107 $ 2 $ 149 $ 2 Construction and land - - - Commercial real estate 12,279 10,552 15,536 13,018 Residential 1,774 1,379 1,732 1,295 Consumer - - - - Total purchased credit impaired loans $ 14,160 $ 11,933 $ 17,417 $ 14,315

ALLOWANCE FOR LOAN LOSSES (Tabl

ALLOWANCE FOR LOAN LOSSES (Tables)	9 Months Ended
	Sep. 30, 2018
Receivables [Abstract]
Allowance for Credit Losses on Financing Receivables [Table Text Block]	The following tables summarize the Company’s allowance for loan losses and loan balances individually and collectively evaluated for impairment as of or for the periods ending as indicated: Commercial Construction Commercial Three Months Ending September 30, 2018 and Industrial and Land Real Estate Residential Consumer Unallocated Total Allowance for loan losses Beginning balance $ 1,005 $ 251 $ 2,782 $ 160 $ - $ 402 $ 4,600 Charge-offs (186 ) - - - - - (186 ) Recoveries 5 - - - - - 5 Provision (reclassification) for loan losses 672 25 245 41 2 96 1,081 Ending balance $ 1,496 $ 276 $ 3,027 $ 201 $ 2 $ 498 $ 5,500 Allowance for loan losses related to: Loans individually evaluated for impairment $ 685 $ - $ - $ - $ - $ - $ 685 Loans collectively evaluated for impairment 811 276 3,027 201 2 498 4,815 PCI loans - - - - - - - Commercial Construction Commercial Nine Months Ending September 30, 2018 and Industrial and Land Real Estate Residential Consumer Unallocated Total Allowance for loan losses Beginning balance $ 841 $ 199 $ 2,695 $ 150 $ 3 $ 327 $ 4,215 Charge-offs (437 ) - - - - - (437 ) Recoveries 144 - - - - - 144 Provision (reclassification) for loan losses 948 77 332 51 (1 ) 171 1,578 Ending balance $ 1,496 $ 276 $ 3,027 $ 201 $ 2 $ 498 $ 5,500 Allowance for loan losses related to: Loans individually evaluated for impairment $ 685 $ - $ - $ - $ - $ - $ 685 Loans collectively evaluated for impairment 811 276 3,027 201 2 498 4,815 PCI loans - - - - - - - The following tables summarize the Company’s allowance for loan losses and loan balances individually and collectively evaluated for impairment as of or for the periods ending as indicated: Commercial Construction Commercial Three Months Ending September 30, 2017 and Industrial and Land Real Estate Residential Consumer Unallocated Total Allowance for loan losses Beginning balance $ 1,045 $ 285 $ 2,553 $ 152 $ 2 $ 38 $ 4,075 Charge-offs (63 ) - - - (1 ) - (64 ) Recoveries 6 - - - - - 6 Provision (reclassification) for loan losses (68 ) (110 ) 50 (18 ) 2 202 58 Ending balance $ 920 $ 175 $ 2,603 $ 134 $ 3 $ 240 $ 4,075 Allowance for loan losses related to: Loans individually evaluated for impairment $ 13 $ - $ - $ - $ - $ - $ 13 Loans collectively evaluated for impairment 907 175 2,603 134 3 240 4,062 PCI loans - - - - - - - Commercial Construction Commercial Nine Months Ending September 30, 2017 and Industrial and Land Real Estate Residential Consumer Unallocated Total Allowance for loan losses Beginning balance $ 1,011 $ 287 $ 2,105 $ 151 $ 4 $ 217 $ 3,775 Charge-offs (63 ) - (3 ) - (1 ) - (67 ) Recoveries 22 - - - - - 22 Provision (reclassification) for loan losses (50 ) (112 ) 501 (17 ) - 23 345 Ending balance $ 920 $ 175 $ 2,603 $ 134 $ 3 $ 240 $ 4,075 Allowance for loan losses related to: Loans individually evaluated for impairment $ 13 $ - $ - $ - $ - $ - $ 13 Loans collectively evaluated for impairment 907 175 2,603 134 3 240 4,062 PCI loans - - - - - - -

PREMISES AND EQUIPMENT (Tables)

PREMISES AND EQUIPMENT (Tables)	9 Months Ended
	Sep. 30, 2018
Property, Plant and Equipment [Abstract]
Property, Plant and Equipment	Premises and equipment consisted of the following at the dates indicated: September 30, 2018 December 31, 2017 Premises owned $ 7,286 $ 7,276 Write-down on premises owned (600 ) - Net premises owned 6,686 7,276 Leasehold improvements 1,600 1,271 Furniture, fixtures and equipment 3,212 2,939 Less accumulated depreciation and amortization (3,754 ) (3,087 ) Total premises and equipment, net $ 7,744 $ 8,399
Schedule of Future Minimum Rental Payments for Operating Leases	The Company leases its branches and administrative offices under noncanceable operating leases. The leases expire on various dates through 2025. All leases have an option to renew with renewal periods between three to twelve years. Future minimum lease payments as of September 30, 2018 are as follows: Year ending December 31, 2018 $ 557 2019 2,177 2020 1,898 2021 1,575 2022 1,442 Thereafter 1,424 Total $ 9,073

CASH SURRENDER VALUE OF LIFE _2

CASH SURRENDER VALUE OF LIFE INSURANCE (Tables)	9 Months Ended
	Sep. 30, 2018
CASH SURRENDER VALUE OF LIFE INSURANCE [Abstract]
Summary of Activity on the Bank Owned Life Insurance Policies	Activity on the Bank owned life insurance policies is as follows for the periods indicated: September 30, 2018 December 31, 2017 Beginning balance $ 17,132 $ 6,470 Increase in cash value of life insurance 231 232 Additional policies purchased - 10,430 Death benefit carrying value payout (777 ) - Ending balance $ 16,586 $ 17,132 End of period death benefit $ 37,105 $ 38,581 Number of policies owned 42 44 Insurance companies used 5 5 Current and former directors and officers covered 25 26

GOODWILL AND INTANGIBLE ASSETS

GOODWILL AND INTANGIBLE ASSETS (Tables)	9 Months Ended
	Sep. 30, 2018
Goodwill and Intangible Assets Disclosure [Abstract]
Schedule of finite-lived intangible assets	Acquired intangible assets at the dates indicated were as follows: September 30, December 31, 2018 2017 Beginning core deposit intangible $ 4,772 $ 802 Additions - 4,820 Less accumulated amortization (868 ) (850 ) Ending net core deposit intangible $ 3,904 $ 4,772
Schedule of finite-lived intangible assets, future amortization expense	The Company recorded total amortization expense of $868,000 for the nine months ended September 30, 2018, $850,000 for the year ended December 31, 2017 and $573,000 for the nine months ended September 30, 2017. Estimated annual amortization is as follows as of September 30, 2018: Year ending December 31, 2018 $ 289 2019 1,145 2020 991 2021 977 2022 325 Thereafter 177 Total $ 3,904

OTHER ASSETS (Tables)

OTHER ASSETS (Tables)	9 Months Ended
	Sep. 30, 2018
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]
Schedule of other assets	At the dates indicated, the Company’s other assets consisted of the following: September 30, December 31, 2018 2017 Deferred tax assets, net $ 7,429 $ 6,519 Accrued interest receivable 3,337 3,002 Investment in SBIC Fund 1,532 799 Prepaid assets 1,238 2,391 Servicing asset 967 1,270 Investment in statuatory trust 301 296 All other 1,125 880 Total $ 15,929 $ 15,157

DEPOSITS (Tables)

DEPOSITS (Tables)	9 Months Ended
	Sep. 30, 2018
Banking and Thrift [Abstract]
Deposit liabilities, type	Deposits consisted of the following at the dates indicated: September 30, December 31, 2018 2017 Demand deposits $ 349,346 $ 327,309 NOW accounts and Savings 211,629 191,550 Money market 366,417 356,640 Time under $250,000 104,367 126,271 Time $250,000 and over 98,962 102,535 Total deposits $ 1,130,721 $ 1,104,305

OTHER LIABILITIES (Tables)

OTHER LIABILITIES (Tables)	9 Months Ended
	Sep. 30, 2018
Other Liabilities Disclosure [Abstract]
Other liabilities	Other liabilities were comprised of the following at the dates indicated: September 30, December 31, 2018 2017 Accrued expenses $ 3,001 $ 3,716 Participant’s portion payable 1,591 - Deferred rents 546 287 CDARS deferred fees 501 487 Contingent liability 435 878 Accounts payable 311 240 Reserve for unfunded commitments 310 310 Accrued interest 175 141 Miscellaneous other liabilities 612 1,362 Total $ 7,482 $ 7,421

EQUITY INCENTIVE PLANS (Tables)

EQUITY INCENTIVE PLANS (Tables)	9 Months Ended
	Sep. 30, 2018
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Schedule of nonvested restricted stock units activity	The following table provides a summary of changes in non-vested restricted stock awards for the nine months ended September 30, 2018 and 2017: 2018 2017 Weighted-Average Weighted-Average Grant Date Grant Date Shares Fair Value Shares Fair Value Non-vested at January 1, 67,481 $ 13.51 68,605 $ 11.51 Granted 15,232 19.45 14,133 14.86 Vested (8,706 ) 13.40 (5,333 ) 12.47 Non-vested at March 31, 74,007 14.75 77,405 12.06 Granted 78,148 22.00 - - Vested - - - - Non-vested at June 30, 152,155 18.47 77,405 12.06 Granted - - 14,367 17.00 Vested (21,155 ) 14.08 (24,291 ) 10.96 Non-vested at September 30, 131,000 19.18 67,481 13.51

EARNINGS PER SHARE CALCULATION

EARNINGS PER SHARE CALCULATION (Tables)	9 Months Ended
	Sep. 30, 2018
Earnings Per Share [Abstract]
Schedule of earnings per share, basic and diluted	Earnings per share have been computed as follows for the periods shown: Three months ended Nine months ended September 30, September 30, 2018 2017 2018 2017 Net income $ 3,518 $ 3,181 $ 11,875 $ 6,099 Weighted Average number of shares outstanding 10,869,275 6,870,614 9,295,274 6,270,991 Average number of shares outstanding used to calculate diluted earngs per share 10,869,275 6,870,614 9,295,274 6,270,991 Basic and diluted earnings per share $ 0.31 $ 0.46 $ 1.30 $ 0.97

FAIR VALUE MEASUREMENT (Tables)

FAIR VALUE MEASUREMENT (Tables)	9 Months Ended
	Sep. 30, 2018
Fair Value Disclosures [Abstract]
Schedule of fair value, assets measured on recurring basis	The following financial instruments are measured at fair value on a recurring basis at the dates indicated: September 30, 2018 Total Level 1 Level 2 Level 3 Municipal securities $ 15,948 $ - $ 15,948 $ - Mortgage-backed securities 31,280 - 31,280 - Corporate Bonds 908 - 908 - Collateralized mortgage obligations 6,993 - 6,993 - U.S. Government Agencies 10,034 - 10,034 - SBA securities 4,519 - 4,519 - Total assets measured at fair value $ 69,682 $ - $ 69,682 $ - December 31, 2017 Total Level 1 Level 2 Level 3 Municipal securities $ 16,047 $ - $ 16,047 $ - Mortgage-backed securities 9,740 - 9,740 - Collateralized mortgage obligations 1,750 - 1,750 - Corporate Bonds - - - - U.S. Government Agencies 6,971 - 6,971 - SBA securities 5,997 - 5,997 - Total assets measured at fair value $ 40,505 $ - $ 40,505 $ -
Schedule of fair value measurements, nonrecurring	The following tables present the recorded amounts of impaired loans measured at fair value on a non-recurring basis at the dates indicated: September 30, 2018 Fair Value Level 1 Level 2 Level 3 Commercial and industrial $ 2,386 $ - $ - $ 2,386 Construction and land - - - - Commercial real estate 2,781 - - 2,781 Residential 127 - - 127 Consumer - - - - Total impaired assets measured at fair value $ 5,294 $ - $ - $ 5,294 December 31, 2017 Fair Value Level 1 Level 2 Level 3 Commercial and industrial $ - $ - $ - $ - Construction and land - - - - Commercial real estate 1,120 - - 1,120 Residential - - - - Consumer - - - - Total impaired assets measured at fair value $ 1,120 $ - $ - $ 1,120
Schedule of estimated fair value of financial instruments	The following table provides summary information on the estimated fair value of financial instruments at September 30, 2018: Carrying Fair Fair value measurements amount value Level 1 Level 2 Level 3 Financial assets: Cash and cash equivalents $ 313,217 $ 313,217 $ 313,217 $ - $ - Interest bearing deposits with financial institutions 1,000 1,000 1,000 - - Securities available for sale 69,682 69,682 - 69,682 - Other equity securities 7,364 - - 7,364 - Loans, net 896,369 893,727 - - 893,727 Loans held for sale 585 - - 585 - Accrued interest receivable 3,337 3,337 - 3,337 - Financial liabilities: Deposits 1,130,721 1,132,097 927,392 204,705 Subordinated Debentures 5,428 5,447 - - 5,447 Accrued interest payable 163 163 - 163 - Off-balance sheet liabilities: Undisbursed loan commitments, lines of credit, standby letters of credit 310 310 - - 310 The carrying amount of loans includes $5.2 million of nonaccrual loans (loans that are not accruing interest) as of September 30, 2018. The fair value of nonaccrual loans is based on the collateral values that secure the loans or the cash flows expected to be received. The following table provides summary information on the estimated fair value of financial instruments at December 31, 2017: Carrying Fair Fair value measurements amount value Level 1 Level 2 Level 3 Financial assets: Cash and cash equivalents $ 249,853 $ 249,853 $ 249,853 $ - $ - Interest bearing deposits with financial institutions 1,743 1,743 1,743 - - Securities available for sale 40,505 40,505 - 40,505 - Other equity securities 7,759 7,759 - 7,759 - Loans, net 886,864 883,361 - - 883,361 Loans held for sale 3,245 3,245 - 3,245 - Accrued interest receivable 3,002 3,002 - 3,002 - Financial liabilities: Deposits 1,104,305 1,104,665 875,506 229,159 - Subordinated Debentures 5,387 5,387 - - 5,387 Other borrowings 6,000 6,000 - - 6,000 Accrued interest payable 141 141 - 141 - Off-balance sheet liabilities: Undisbursed loan commitments, lines of credit, standby letters of credit 310 310 - - 310

BASIS OF PRESENTATION (Details

BASIS OF PRESENTATION (Details Textual) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2018	Aug. 13, 2018	Aug. 10, 2018
Proceeds from Deposits from Customers	$ 238,000
New Revenue Recognition Accounting Standard	5,100
Bethlehem Financial Corporation [Member]
Business Combination Cash Consideration Payable		$ 23,500	$ 23,500
Debit Card [Member]
Revenue from Contract with Customer, Including Assessed Tax	$ 131,000

ACCOUNTING STANDARDS RECENTLY_2

ACCOUNTING STANDARDS RECENTLY ISSUED OR ADOPTED (Details Textual) - USD ($) $ in Thousands	1 Months Ended	12 Months Ended
	Feb. 28, 2018	Dec. 31, 2017
New Accounting Pronouncements and Changes in Accounting Principles [Abstract]
Effective Income Tax Rate Reconciliation, at Federal Statutory Income Tax Rate, Percent	21.00%
Reclassification from Accumulated Other Comprehensive Income, Current Period, Net of Tax		$ 36,000

ACQUISITION (Details)

ACQUISITION (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended			9 Months Ended
	Sep. 30, 2018	Dec. 31, 2017	Sep. 30, 2017	Sep. 30, 2018	Sep. 30, 2017
Net interest income	$ 13,015		$ 11,992	$ 38,029	$ 28,120
Net income	$ 3,518	$ (839)	$ 3,181	$ 11,875	$ 6,099
Basic earnings per share	$ 0.31		$ 0.46	$ 1.30	$ 0.97
Diluted earnings per share	$ 0.31		$ 0.46	$ 1.30	$ 0.97
Pro Forma [Member]
Net interest income					$ 33,851
Net income					$ 7,689
Basic earnings per share					$ 1.23
Diluted earnings per share					$ 1.23

ACQUISITION (Details 1)

ACQUISITION (Details 1) - USD ($) $ in Thousands	3 Months Ended			9 Months Ended		12 Months Ended
	Sep. 30, 2018	Dec. 31, 2017	Sep. 30, 2017	Sep. 30, 2018	Sep. 30, 2017	Dec. 31, 2017
Professional fees						$ 574
Data processing	$ 526		$ 813	$ 1,849	$ 3,247	2,441
Salaries and employee benefits	$ 5,506		4,686	$ 14,967	$ 11,715	287
Other						174
Total year-to-date						$ 3,476
FULB [Member]
Professional fees			349
Data processing			1,586
Salaries and employee benefits			212
Other			120
Total year-to-date			$ 2,267
Plaza [Member]
Professional fees		$ 225
Data processing		855
Salaries and employee benefits		75
Other		54
Total year-to-date		$ 1,209

ACQUISITION (Details Textual)

ACQUISITION (Details Textual) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	Nov. 03, 2017	Apr. 28, 2017	Sep. 30, 2018	Sep. 30, 2017	Dec. 31, 2017	Aug. 13, 2018	Aug. 10, 2018
Goodwill			$ 10,365		$ 10,365
Finite-Lived Core Deposits, Gross			3,904		4,772
Amortization of Intangible Assets			868	$ 573	850
Assets			1,344,197		1,245,794
Deposits			$ 1,130,721		$ 1,104,305
Intangible Assets, Amortization Period [Member]
Finite-Lived Intangible Asset, Useful Life			10 years
First ULB Corp [Member]
Business Combination, Consideration Transferred		$ 41,900
Common Stock, Conversion Basis		Each share of FULB common stock was converted into .9733 share of the Company’s common stock
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Net		$ 32,800
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Assets		473,100
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Deposits		$ 428,000
First ULB Corp [Member] | Common Stock [Member]
Business Acquisition, Equity Interest Issued or Issuable, Number of Shares		1,371,579
Business Acquisition, Share Price		$ 16.66
Plaza Bank [Member]
Common Stock, Conversion Basis	Each share of Plaza Bank's common stock outstanding was converted into .084795 share of the Company's common stock
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Net	$ 10,800
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Assets	75,800
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Deposits	$ 54,200
Plaza Bank [Member] | Common Stock [Member]
Business Acquisition, Equity Interest Issued or Issuable, Number of Shares	626,381
Business Acquisition, Share Price	$ 19.10
First ULB Corp [Member]
Payments to Acquire Businesses, Gross		$ 19,000
Bethlehem Financial Corporation [Member]
Business Acquisition, Share Price							$ 62
Assets			$ 157,200
Bank Loans			77,200
Deposits			$ 136,300
Termination Fee Receivable							$ 1,500
Business Combination Cash Consideration Payable						$ 23,500	$ 23,500

INVESTMENTS AVAILABLE FOR SAL_2

INVESTMENTS AVAILABLE FOR SALE (Details) - USD ($) $ in Thousands	Sep. 30, 2018	Dec. 31, 2017
Amortized cost	$ 70,485	$ 40,202
Gross Unrealized gains	48	404
Gross Unrealized losses	(851)	(101)
Estimated fair value	69,682	40,505
Municipal securities [Member]
Amortized cost	16,235	15,910
Gross Unrealized gains	23	182
Gross Unrealized losses	(310)	(45)
Estimated fair value	15,948	16,047
Mortgage-backed securities [Member]
Amortized cost	31,649	9,621
Gross Unrealized gains	25	143
Gross Unrealized losses	(394)	(24)
Estimated fair value	31,280	9,740
Collateralized Mortgage Obligations [Member]
Amortized cost	928	1,758
Gross Unrealized gains	0	1
Gross Unrealized losses	(20)	(9)
Estimated fair value	908	1,750
Corporate Bond Securities [Member]
Amortized cost	7,014	0
Gross Unrealized gains	0	0
Gross Unrealized losses	(21)	0
Estimated fair value	6,993	0
U.S. Government Agencies [Member]
Amortized cost	10,070	6,984
Gross Unrealized gains	0	0
Gross Unrealized losses	(36)	(13)
Estimated fair value	10,034	6,971
SBA Securites [Member]
Amortized cost	4,589	5,929
Gross Unrealized gains	0	78
Gross Unrealized losses	(70)	(10)
Estimated fair value	$ 4,519	$ 5,997

INVESTMENTS AVAILABLE FOR SAL_3

INVESTMENTS AVAILABLE FOR SALE (Details 1) - USD ($) $ in Thousands	Sep. 30, 2018	Dec. 31, 2017
Less than 12 months Estimated Fair Value	$ 60,528	$ 17,513
Less than 12 months Unrealized Loss	(730)	(95)
12 months or more Estimated Fair Value	5,916	267
12 months or more Unrealized Loss	(121)	(6)
Total Estimated Fair Value	66,444	17,780
Total Unrealized Loss	(851)	(101)
Municipal securities [Member]
Less than 12 months Estimated Fair Value	10,857	4,011
Less than 12 months Unrealized Loss	(231)	(39)
12 months or more Estimated Fair Value	2,855	267
12 months or more Unrealized Loss	(79)	(6)
Total Estimated Fair Value	13,712	4,278
Total Unrealized Loss	(310)	(45)
Mortgage-backed securities [Member]
Less than 12 months Estimated Fair Value	29,290	4,075
Less than 12 months Unrealized Loss	(375)	(24)
12 months or more Estimated Fair Value	988	0
12 months or more Unrealized Loss	(19)	0
Total Estimated Fair Value	30,278	4,075
Total Unrealized Loss	(394)	(24)
Collateralized mortgage obligations [Member]
Less than 12 months Estimated Fair Value	405	1,201
Less than 12 months Unrealized Loss	(6)	(9)
12 months or more Estimated Fair Value	503	0
12 months or more Unrealized Loss	(14)	0
Total Estimated Fair Value	908	1,201
Total Unrealized Loss	(20)	(9)
Corporate Bond Securities [Member]
Less than 12 months Estimated Fair Value	6,993	0
Less than 12 months Unrealized Loss	(21)	0
12 months or more Estimated Fair Value	0	0
12 months or more Unrealized Loss	0	0
Total Estimated Fair Value	6,993	0
Total Unrealized Loss	(21)	0
U.S. Government Agencies [Member]
Less than 12 months Estimated Fair Value	9,289	6,981
Less than 12 months Unrealized Loss	(30)	(13)
12 months or more Estimated Fair Value	745	0
12 months or more Unrealized Loss	(6)	0
Total Estimated Fair Value	10,034	6,981
Total Unrealized Loss	(36)	(13)
SBA Securites [Member]
Less than 12 months Estimated Fair Value	3,694	1,245
Less than 12 months Unrealized Loss	(67)	(10)
12 months or more Estimated Fair Value	825	0
12 months or more Unrealized Loss	(3)	0
Total Estimated Fair Value	4,519	1,245
Total Unrealized Loss	$ (70)	$ (10)

INVESTMENTS AVAILABLE FOR SAL_4

INVESTMENTS AVAILABLE FOR SALE (Details 2) - USD ($) $ in Thousands	Sep. 30, 2018	Dec. 31, 2017
Available-for-sale: Amortized Cost
Due in one year or less	$ 8,172	$ 5,248
Due after one through five years	12,510	4,987
Due after five years through ten years	19,561	14,619
Due after ten years	30,242	15,348
Available-for-sale Amortized Cost	70,485	40,202
Available-for-sale: Fair Value
Due in one year or less	8,146	5,243
Due after one through five years	12,416	4,959
Due after five years through ten years	19,278	14,737
Due after ten years	29,842	15,566
Available-for-sale Fair Value	$ 69,682	$ 40,505

INVESTMENTS AVAILABLE FOR SAL_5

INVESTMENTS AVAILABLE FOR SALE (Details Textual) $ in Thousands	9 Months Ended
	Sep. 30, 2018USD ($)
Gain On Investments, Pretax Recognised	$ 3,000

LOANS (Details)

LOANS (Details) - USD ($) $ in Thousands	Sep. 30, 2018	Jun. 30, 2018	Dec. 31, 2017	Sep. 30, 2017	Jun. 30, 2017	Dec. 31, 2016
Commercial and industrial	$ 113,229		$ 113,801
Construction and land	33,038		22,720
Commercial real estate	671,515		669,150
Residential	83,838		84,781
Consumer	630		1,096
Total loans	902,250		891,548
Net deferred loan fees	(381)		(469)
Allowance for loan losses	(5,500)	$ (4,600)	(4,215)	$ (4,075)	$ (4,075)	$ (3,775)
Net loans	$ 896,369		$ 886,864

LOANS (Details 1)

LOANS (Details 1) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2018	Dec. 31, 2017	Sep. 30, 2018	Sep. 30, 2017
Total recorded investment in impaired loans	$ 5,979	$ 1,133	$ 5,979
Specific allowance on impaired loans	685	13	685
Average recorded investment in impaired loans	3,408	1,154	3,069	$ 1,098
Interest recognized	46	0	52	58
Consumer [Member]
Total recorded investment in impaired loans	0	0	0
Specific allowance on impaired loans	0	0	0
Average recorded investment in impaired loans	0	0	0	0
Interest recognized	0	0	0	0
Commercial real estate [Member]
Total recorded investment in impaired loans	2,781	1,120	2,781
Specific allowance on impaired loans	0	0	0
Average recorded investment in impaired loans	1,829	1,033	1,508	793
Interest recognized	41	0	47	58
Residential [Member]
Total recorded investment in impaired loans	127	0	127
Specific allowance on impaired loans	0	0	0
Average recorded investment in impaired loans	192	0	300	0
Interest recognized	0	0	0	0
Commercial and industrial [Member]
Total recorded investment in impaired loans	3,071	13	3,071
Specific allowance on impaired loans	685	13	685
Average recorded investment in impaired loans	1,387	121	1,261	305
Interest recognized	5	0	5	0
Construction and land [Member]
Total recorded investment in impaired loans	0	0	0
Specific allowance on impaired loans	0	0	0
Average recorded investment in impaired loans	0	0	0	0
Interest recognized	0	0	0	$ 0
With No Related Allowance Recorded [Member]
With no specific allowance recorded	2,641	1,120	2,641
With No Related Allowance Recorded [Member] | Consumer [Member]
With no specific allowance recorded	0	0	0
With No Related Allowance Recorded [Member] | Commercial real estate [Member]
With no specific allowance recorded	2,008	1,120	2,008
With No Related Allowance Recorded [Member] | Residential [Member]
With no specific allowance recorded	127	0	127
With No Related Allowance Recorded [Member] | Commercial and industrial [Member]
With no specific allowance recorded	506	0	506
With No Related Allowance Recorded [Member] | Construction and land [Member]
With no specific allowance recorded	0	0	0
With An Allowance Recorded [Member]
With a specific allowance recorded	3,338	13	3,338
With An Allowance Recorded [Member] | Consumer [Member]
With a specific allowance recorded	0	0	0
With An Allowance Recorded [Member] | Commercial real estate [Member]
With a specific allowance recorded	773	0	773
With An Allowance Recorded [Member] | Residential [Member]
With a specific allowance recorded	0	0	0
With An Allowance Recorded [Member] | Commercial and industrial [Member]
With a specific allowance recorded	2,565	13	2,565
With An Allowance Recorded [Member] | Construction and land [Member]
With a specific allowance recorded	$ 0	$ 0	$ 0

LOANS (Details 2)

LOANS (Details 2) - USD ($) $ in Thousands	Sep. 30, 2018	Dec. 31, 2017
Financing Receivable, Recorded Investment, Nonaccrual Status	$ 5,206	$ 179
Commercial real estate [Member]
Financing Receivable, Recorded Investment, Nonaccrual Status	2,008	166
Residential [Member]
Financing Receivable, Recorded Investment, Nonaccrual Status	127	0
Commercial and industrial [Member]
Financing Receivable, Recorded Investment, Nonaccrual Status	3,071	13
Construction and land [Member]
Financing Receivable, Recorded Investment, Nonaccrual Status	0	0
Consumer [Member]
Financing Receivable, Recorded Investment, Nonaccrual Status	$ 0	$ 0

LOANS (Details 3)

LOANS (Details 3) - Troubled Debt Restructurings [Member] pure in Thousands, $ in Thousands	9 Months Ended	12 Months Ended
	Sep. 30, 2018USD ($)	Dec. 31, 2017USD ($)
Number of Loans	3	4
Rate Modification	$ 0	$ 0
Term Modification	127	238
Interest Only Modification	0	0
Rate & Term Modification	783	807
Total	$ 910	$ 1,045
Consumer [Member]
Number of Loans	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 [Member]
Number of Loans	1	3
Rate Modification	$ 0	$ 0
Term Modification	0	238
Interest Only Modification	0	0
Rate & Term Modification	773	794
Total	$ 773	$ 1,032
Residential [Member]
Number of Loans	1	0
Rate Modification	$ 0	$ 0
Term Modification	127	0
Interest Only Modification	0	0
Rate & Term Modification	0	0
Total	$ 127	$ 0
Commercial and industrial [Member]
Number of Loans	1	1
Rate Modification	$ 0	$ 0
Term Modification	0	0
Interest Only Modification	0	0
Rate & Term Modification	10	13
Total	$ 10	$ 13
Construction and land [Member]
Number of Loans	0	0
Rate Modification	$ 0	$ 0
Term Modification	0	0
Interest Only Modification	0	0
Rate & Term Modification	0	0
Total	$ 0	$ 0

LOANS (Details 4)

LOANS (Details 4) - USD ($) $ in Thousands	Sep. 30, 2018	Dec. 31, 2017
Total loans [Member]
Risk Category Of Loans By Class	$ 902,250	$ 891,548
Total loans [Member] | Consumer [Member]
Risk Category Of Loans By Class	630	1,096
Total loans [Member] | Commercial real estate [Member]
Risk Category Of Loans By Class	671,515	669,150
Total loans [Member] | Residential [Member]
Risk Category Of Loans By Class	83,838	84,781
Total loans [Member] | Commercial and industrial [Member]
Risk Category Of Loans By Class	113,229	113,801
Total loans [Member] | Construction and land [Member]
Risk Category Of Loans By Class	33,038	22,720
Pass [Member]
Risk Category Of Loans By Class	885,005	879,666
Pass [Member] | Consumer [Member]
Risk Category Of Loans By Class	630	1,096
Pass [Member] | Commercial real estate [Member]
Risk Category Of Loans By Class	661,390	661,878
Pass [Member] | Residential [Member]
Risk Category Of Loans By Class	83,563	84,781
Pass [Member] | Commercial and industrial [Member]
Risk Category Of Loans By Class	109,316	112,078
Pass [Member] | Construction and land [Member]
Risk Category Of Loans By Class	30,106	19,833
Special Mention [Member]
Risk Category Of Loans By Class	5,014	4,865
Special Mention [Member] | Consumer [Member]
Risk Category Of Loans By Class	0	0
Special Mention [Member] | Commercial real estate [Member]
Risk Category Of Loans By Class	4,502	4,058
Special Mention [Member] | Residential [Member]
Risk Category Of Loans By Class	148	0
Special Mention [Member] | Commercial and industrial [Member]
Risk Category Of Loans By Class	244	807
Special Mention [Member] | Construction and land [Member]
Risk Category Of Loans By Class	120	0
Substandard [Member]
Risk Category Of Loans By Class	12,231	7,017
Substandard [Member] | Consumer [Member]
Risk Category Of Loans By Class	0	0
Substandard [Member] | Commercial real estate [Member]
Risk Category Of Loans By Class	5,623	3,214
Substandard [Member] | Residential [Member]
Risk Category Of Loans By Class	127	0
Substandard [Member] | Commercial and industrial [Member]
Risk Category Of Loans By Class	3,669	916
Substandard [Member] | Construction and land [Member]
Risk Category Of Loans By Class	2,812	2,887
Doubtful [Member]
Risk Category Of Loans By Class	0	0
Doubtful [Member] | Consumer [Member]
Risk Category Of Loans By Class	0	0
Doubtful [Member] | Commercial real estate [Member]
Risk Category Of Loans By Class	0	0
Doubtful [Member] | Residential [Member]
Risk Category Of Loans By Class	0	0
Doubtful [Member] | Commercial and industrial [Member]
Risk Category Of Loans By Class	0	0
Doubtful [Member] | Construction and land [Member]
Risk Category Of Loans By Class	$ 0	$ 0

LOANS (Details 5)

LOANS (Details 5) - USD ($) $ in Thousands	Sep. 30, 2018	Dec. 31, 2017
Total Past Due	$ 2,876	$ 1,894
Current	887,441	875,339
PCI Loans	11,933	14,315
Total Loans Receivable	902,250	891,548
Recorded Investment > 90 Days and Accruing	0	0
Consumer [Member]
Total Past Due	0	3
Current	630	1,093
PCI Loans	0	0
Total Loans Receivable	630	1,096
Recorded Investment > 90 Days and Accruing	0	0
Commercial real estate [Member]
Total Past Due	2,385	1,446
Current	658,578	654,687
PCI Loans	10,552	13,017
Total Loans Receivable	671,515	669,150
Recorded Investment > 90 Days and Accruing	1,424	0
Residential [Member]
Total Past Due	296	349
Current	82,163	83,137
PCI Loans	1,379	1,295
Total Loans Receivable	83,838	84,781
Recorded Investment > 90 Days and Accruing	0	0
Commercial and industrial [Member]
Total Past Due	195	96
Current	113,032	113,702
PCI Loans	2	3
Total Loans Receivable	113,229	113,801
Recorded Investment > 90 Days and Accruing	0	0
Construction and land [Member]
Total Past Due	0	0
Current	33,038	22,720
PCI Loans	0	0
Total Loans Receivable	33,038	22,720
Recorded Investment > 90 Days and Accruing	0	0
30 to 59 Days Past Due [Member]
Total Past Due	807	1,894
30 to 59 Days Past Due [Member] | Consumer [Member]
Total Past Due	0	3
30 to 59 Days Past Due [Member] | Commercial real estate [Member]
Total Past Due	316	1,446
30 to 59 Days Past Due [Member] | Residential [Member]
Total Past Due	296	349
30 to 59 Days Past Due [Member] | Commercial and industrial [Member]
Total Past Due	195	96
30 to 59 Days Past Due [Member] | Construction and land [Member]
Total Past Due	0	0
60 to 89 Days Past Due [Member]
Total Past Due	645	0
60 to 89 Days Past Due [Member] | Consumer [Member]
Total Past Due	0	0
60 to 89 Days Past Due [Member] | Commercial real estate [Member]
Total Past Due	645	0
60 to 89 Days Past Due [Member] | Residential [Member]
Total Past Due	0	0
60 to 89 Days Past Due [Member] | Commercial and industrial [Member]
Total Past Due	0	0
60 to 89 Days Past Due [Member] | Construction and land [Member]
Total Past Due	0	0
Greater Than 90 Days Past Due [Member]
Total Past Due	1,424	0
Greater Than 90 Days Past Due [Member] | Consumer [Member]
Total Past Due	0	0
Greater Than 90 Days Past Due [Member] | Commercial real estate [Member]
Total Past Due	1,424	0
Greater Than 90 Days Past Due [Member] | Residential [Member]
Total Past Due	0	0
Greater Than 90 Days Past Due [Member] | Commercial and industrial [Member]
Total Past Due	0	0
Greater Than 90 Days Past Due [Member] | Construction and land [Member]
Total Past Due	$ 0	$ 0

LOANS (Details 6)

LOANS (Details 6) - USD ($) $ in Thousands	Sep. 30, 2018	Dec. 31, 2017
Unpaid Principal Balance	$ 14,160	$ 17,417
Carrying Value	11,933	14,315
Consumer [Member]
Unpaid Principal Balance	0	0
Carrying Value	0	0
Commercial real estate [Member]
Unpaid Principal Balance	12,279	15,536
Carrying Value	10,552	13,018
Residential [Member]
Unpaid Principal Balance	1,774	1,732
Carrying Value	1,379	1,295
Commercial and industrial [Member]
Unpaid Principal Balance	107	149
Carrying Value	2	2
Construction and land [Member]
Unpaid Principal Balance		0
Carrying Value	$ 0	$ 0

LOANS (Details Textual)

LOANS (Details Textual) - USD ($) $ in Thousands	Sep. 30, 2018	Dec. 31, 2017
Financing Receivable, Recorded Investment, Nonaccrual Status	$ 5,206	$ 179
Loans Insured or Guaranteed by US Government Authorities [Member]
Financing Receivable, Recorded Investment, Nonaccrual Status	$ 2,300

ALLOWANCE FOR LOAN LOSSES (Deta

ALLOWANCE FOR LOAN LOSSES (Detail) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2018	Sep. 30, 2017	Sep. 30, 2018	Sep. 30, 2017
Allowance for loan losses Beginning balance	$ 4,600	$ 4,075	$ 4,215	$ 3,775
Allowance for loan losses Charge-offs	(186)	(64)	(437)	(67)
Allowance for loan losses Recoveries	5	6	144	22
Provision (reclassification) for loan losses	1,081	58	1,578	345
Allowance for loan losses Ending balance	5,500	4,075	5,500	4,075
Allowance for loan losses related to: Loans individually evaluated for impairment	685	13	685	13
Allowance for loan losses related to: Loans collectively evaluated for impairment	4,815	4,062	4,815	4,062
Allowance for loan losses related to: PCI loans	0	0	0	0
Commercial and industrial [Member]
Allowance for loan losses Beginning balance	1,005	1,045	841	1,011
Allowance for loan losses Charge-offs	(186)	(63)	(437)	(63)
Allowance for loan losses Recoveries	5	6	144	22
Provision (reclassification) for loan losses	672	(68)	948	(50)
Allowance for loan losses Ending balance	1,496	920	1,496	920
Allowance for loan losses related to: Loans individually evaluated for impairment	685	13	685	13
Allowance for loan losses related to: Loans collectively evaluated for impairment	811	907	811	907
Allowance for loan losses related to: PCI loans	0	0	0	0
Construction and land [Member]
Allowance for loan losses Beginning balance	251	285	199	287
Allowance for loan losses Charge-offs	0	0	0	0
Allowance for loan losses Recoveries	0	0	0	0
Provision (reclassification) for loan losses	25	(110)	77	(112)
Allowance for loan losses Ending balance	276	175	276	175
Allowance for loan losses related to: Loans individually evaluated for impairment	0	0	0	0
Allowance for loan losses related to: Loans collectively evaluated for impairment	276	175	276	175
Allowance for loan losses related to: PCI loans	0	0	0	0
Commercial real estate [Member]
Allowance for loan losses Beginning balance	2,782	2,553	2,695	2,105
Allowance for loan losses Charge-offs	0	0	0	(3)
Allowance for loan losses Recoveries	0	0	0	0
Provision (reclassification) for loan losses	245	50	332	501
Allowance for loan losses Ending balance	3,027	2,603	3,027	2,603
Allowance for loan losses related to: Loans individually evaluated for impairment	0	0	0	0
Allowance for loan losses related to: Loans collectively evaluated for impairment	3,027	2,603	3,027	2,603
Allowance for loan losses related to: PCI loans	0	0	0	0
Residential [Member]
Allowance for loan losses Beginning balance	160	152	150	151
Allowance for loan losses Charge-offs	0	0	0	0
Allowance for loan losses Recoveries	0	0	0	0
Provision (reclassification) for loan losses	41	(18)	51	(17)
Allowance for loan losses Ending balance	201	134	201	134
Allowance for loan losses related to: Loans individually evaluated for impairment	0	0	0	0
Allowance for loan losses related to: Loans collectively evaluated for impairment	201	134	201	134
Allowance for loan losses related to: PCI loans	0	0	0	0
Consumer [Member]
Allowance for loan losses Beginning balance	0	2	3	4
Allowance for loan losses Charge-offs	0	(1)	0	(1)
Allowance for loan losses Recoveries	0	0	0	0
Provision (reclassification) for loan losses	2	2	(1)	0
Allowance for loan losses Ending balance	2	3	2	3
Allowance for loan losses related to: Loans individually evaluated for impairment	0	0	0	0
Allowance for loan losses related to: Loans collectively evaluated for impairment	2	3	2	3
Allowance for loan losses related to: PCI loans	0	0	0	0
Unallocated [Member]
Allowance for loan losses Beginning balance	402	38	327	217
Allowance for loan losses Charge-offs	0	0	0	0
Allowance for loan losses Recoveries	0	0	0	0
Provision (reclassification) for loan losses	96	202	171	23
Allowance for loan losses Ending balance	498	240	498	240
Allowance for loan losses related to: Loans individually evaluated for impairment	0	0	0	0
Allowance for loan losses related to: Loans collectively evaluated for impairment	498	240	498	240
Allowance for loan losses related to: PCI loans	$ 0	$ 0	$ 0	$ 0

ALLOWANCE FOR LOAN LOSSES (De_2

ALLOWANCE FOR LOAN LOSSES (Details Textual) - USD ($) $ in Thousands	Sep. 30, 2018	Dec. 31, 2017
Financing Receivable, Recorded Investment, 90 Days Past Due and Still Accruing	$ 0	$ 0
Greater Than 90 Days Past Due [Member]
Financing Receivable, Recorded Investment, 90 Days Past Due and Still Accruing	$ 1,400	$ 0

PREMISES AND EQUIPMENT (Details

PREMISES AND EQUIPMENT (Details) - USD ($) $ in Thousands	Sep. 30, 2018	Dec. 31, 2017
Premises owned	$ 7,286	$ 7,276
Write-down on premises owned	(600)	0
Net premises owned	6,686	7,276
Less accumulated depreciation and amortization	(3,754)	(3,087)
Total premises and equipment, net	7,744	8,399
Leasehold Improvements [Member]
Leasehold improvements	1,600	1,271
Furniture Fixtures and Equipment [Member]
Leasehold improvements	$ 3,212	$ 2,939

PREMISES AND EQUIPMENT (Detai_2

PREMISES AND EQUIPMENT (Details 1) $ in Thousands	Sep. 30, 2018USD ($)
2,018	$ 557
2,019	2,177
2,020	1,898
2,021	1,575
2,022	1,442
Thereafter	1,424
Total	$ 9,073

PREMISES AND EQUIPMENT (Detai_3

PREMISES AND EQUIPMENT (Details Textual) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2018	Sep. 30, 2017	Sep. 30, 2018	Sep. 30, 2017
Depreciation, Depletion and Amortization	$ 227,000	$ 225,000	$ 693,000	$ 532,000

CASH SURRENDER VALUE OF LIFE _3

CASH SURRENDER VALUE OF LIFE INSURANCE (Details) $ in Thousands	9 Months Ended		12 Months Ended
	Sep. 30, 2018USD ($)	Sep. 30, 2017USD ($)	Dec. 31, 2017USD ($)
Beginning balance	$ 17,132	$ 6,470	$ 6,470
Increase in cash value of life insurance	231	213	232
Additional policies purchased	0	4,003	10,430
Death benefit carrying value payout	(777)	$ 0	0
Ending balance	16,586		17,132
End of period death benefit	$ 37,105		$ 38,581
Number of policies owned	42		44
Insurance companies used	5		5
Current and former directors and officers covered	25		26

GOODWILL AND INTANGIBLE ASSET_2

GOODWILL AND INTANGIBLE ASSETS (Details) - USD ($) $ in Thousands	9 Months Ended		12 Months Ended
	Sep. 30, 2018	Sep. 30, 2017	Dec. 31, 2017
Goodwill and Intangible Assets Disclosure [Abstract]
Beginning core deposit intangible	$ 4,772	$ 802	$ 802
Additions	0		4,820
Less accumulated amortization	(868)	$ (573)	(850)
Ending net core deposit intangible	$ 3,904		$ 4,772

GOODWILL AND INTANGIBLE ASSET_3

GOODWILL AND INTANGIBLE ASSETS (Details 1) - USD ($) $ in Thousands	Sep. 30, 2018	Dec. 31, 2017	Dec. 31, 2016
Goodwill and Intangible Assets Disclosure [Abstract]
2,018	$ 289
2,019	1,145
2,020	991
2,021	977
2,022	325
Thereafter	177
Total	$ 3,904	$ 4,772	$ 802

GOODWILL AND INTANGIBLE ASSET_4

GOODWILL AND INTANGIBLE ASSETS (Details Textual) - USD ($) $ in Thousands	9 Months Ended		12 Months Ended
	Sep. 30, 2018	Sep. 30, 2017	Dec. 31, 2017
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill	$ 10,365		$ 10,365
Amortization of Intangible Assets	$ 868	$ 573	$ 850

OTHER ASSETS (Details)

OTHER ASSETS (Details) - USD ($) $ in Thousands	Sep. 30, 2018	Dec. 31, 2017
Deferred tax assets, net	$ 7,429	$ 6,519
Accrued interest receivable	3,337	3,002
Investment in SBIC Fund	1,532	799
Prepaid assets	1,238	2,391
Servicing asset	967	1,270
Investment in statuatory trust	301	296
All other	1,125	880
Other Assets	$ 15,929	$ 15,157

DEPOSITS (Details)

DEPOSITS (Details) - USD ($) $ in Thousands	Sep. 30, 2018	Dec. 31, 2017
Demand deposits	$ 349,346	$ 327,309
NOW accounts and savings	211,629	191,550
Money market	366,417	356,640
Time under $250,000	104,367	126,271
Time $250,000 and over	98,962	102,535
Total deposits	$ 1,130,721	$ 1,104,305

BORROWINGS (Details Textual)

BORROWINGS (Details Textual) - USD ($)	9 Months Ended
	Sep. 30, 2018	Dec. 31, 2017
Federal Home Loan Bank, Advances, General Debt Obligations, Disclosures, General Description of Terms	approved secured borrowing facility with the FHLB for up to 25% of total assets for a term not to exceed five years
Federal Home Loan Bank, Advances, General Debt Obligations, Amount of Available, Unused Funds	$ 0	$ 0
Line of Credit Facility, Current Borrowing Capacity	$ 7,500,000
Other Commitments, Description	Federal Funds lines with available commitments totaling $55.0 million with four correspondent banks
Other Commitment	$ 55,000,000
Secured Long-term Debt, Noncurrent		6,000,000
Long-term Line of Credit		$ 9,000,000

JUNIOR SUBORDINATED DEFERRABL_2

JUNIOR SUBORDINATED DEFERRABLE INTEREST DEBENTURES (Details Textual) - USD ($)	9 Months Ended
	Sep. 30, 2018	Dec. 31, 2017
Subordinated Borrowing Terms and Conditions	The Trust is a Delaware business formed with capital of $192,000 for the sole purpose of issuing trust preferred securities fully and unconditionally guaranteed by the Company.
Subordinated Borrowing Description	The Trust issued 6,200 Floating Rate Capital Trust Pass-Through Securities (“Trust Preferred Securities”), with a liquidation value of $1,000 per security
Proceeds from Subordinated Short-term Debt	$ 6,400,000
Subordinated Borrowing, Due Date	Sep. 15, 2034
Subordinated Borrowing, Interest Rate	4.90%
Preferred Stock, Amount Authorized	$ 192,000
Preferred Stock, Liquidation Preference, Value	1,000
Proceeds from Issuance of Preferred Stock and Preference Stock	6,200,000
Junior Subordinated Notes	$ 5,428,000	$ 5,387,000
Junior Subordinated Debt [Member]
Debt Instrument, Description of Variable Rate Basis	3-months Libor plus 2.5%
Debt Instrument, Basis Spread on Variable Rate	2.50%

OTHER LIABILITIES (Details)

OTHER LIABILITIES (Details) - USD ($) $ in Thousands	Sep. 30, 2018	Dec. 31, 2017
Accrued expenses	$ 3,001	$ 3,716
Participant's portion payable	1,591	0
Deferred rents	546	287
CDARS Deferred Fees	501	487
Contingent liability	435	878
Accounts payable	311	240
Reserve for unfunded commitments	310	310
Accrued interest	175	141
Miscellaneous other liabilities	612	1,362
Other Liabilities	$ 7,482	$ 7,421

EQUITY INCENTIVE PLANS (Details

EQUITY INCENTIVE PLANS (Details) - $ / shares shares in Thousands	3 Months Ended
	Sep. 30, 2018	Jun. 30, 2018	Mar. 31, 2018	Sep. 30, 2017	Jun. 30, 2017	Mar. 31, 2017
Shares Non-vested	152,155	74,007	67,481	77,405	77,405	68,605
Shares Granted	0	78,148	15,232	14,367	0	14,133
Shares Vested	(21,155)	0	(8,706)	(24,291)	0	(5,333)
Shares Non-vested	131,000	152,155	74,007	67,481	77,405	77,405
Weighted-Average Grant Date Fair Value Non-vested	$ 18.47	$ 14.75	$ 13.51	$ 12.06	$ 12.06	$ 11.51
Weighted-Average Grant Date Fair Value Granted	0	22	19.45	17	0	14.86
Weighted-Average Grant Date Fair Value Vested	14.08	0	13.40	10.96	0	12.47
Weighted-Average Grant Date Fair Value Non-vested	$ 19.18	$ 18.47	$ 14.75	$ 13.51	$ 12.06	$ 12.06

EQUITY INCENTIVE PLANS (Detai_2

EQUITY INCENTIVE PLANS (Details Textual) - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		9 Months Ended
	Dec. 31, 2017	Sep. 30, 2017	Sep. 30, 2018	Sep. 30, 2017
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Gross			148,962
Share Based Compensation	$ 236		$ 818	$ 318
Weighted Average Number of Shares, Restricted Stock			93,380
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period			5 years
Employee Service Share-based Compensation, Nonvested Awards, Compensation Cost Not yet Recognized			$ 2,500
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Authorized		450		450
Stock Issued During Period, Value, Restricted Stock Award, Gross	$ 0		$ 0	$ 0
2017 Omnibus Equity Incentive Plan [Member] | Officers And Employees [Member]
Stock Issued During Period, Shares, Restricted Stock Award, Gross			50,000
2017 Omnibus Equity Incentive Plan [Member] | Restricted Stock [Member]
Stock Issued During Period, Shares, Restricted Stock Award, Gross		28,500
2017 Omnibus Equity Incentive Plan [Member] | Restricted Stock [Member] | Officers And Employees [Member]
Stock Issued During Period, Shares, Restricted Stock Award, Gross			25,000
Stock Issued During Period, Value, Restricted Stock Award, Gross			$ 2,000
2014 Omnibus Equity Incentive Plan [Member]
Share Based Compensation			$ 818,000	$ 318,000
Employee Service Share-based Compensation, Nonvested Awards, Compensation Cost Not yet Recognized, Period for Recognition			2 years
2014 Omnibus Equity Incentive Plan [Member] | Minimum [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period			1 year

EARNINGS PER SHARE CALCULATIO_2

EARNINGS PER SHARE CALCULATION (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended			9 Months Ended
	Sep. 30, 2018	Dec. 31, 2017	Sep. 30, 2017	Sep. 30, 2018	Sep. 30, 2017
Net income	$ 3,518	$ (839)	$ 3,181	$ 11,875	$ 6,099
Weighted Average number of shares outstanding	10,869,275		6,870,614	9,295,274	6,270,991
Average number of shares outstanding used to calculate diluted earngs per share	10,869,275		6,870,614	9,295,274	6,270,991
Basic and diluted earnings per share	$ 0.31		$ 0.46	$ 1.30	$ 0.97

FAIR VALUE MEASUREMENT (Details

FAIR VALUE MEASUREMENT (Details) - USD ($) $ in Thousands	Sep. 30, 2018	Dec. 31, 2017
Corporate Bonds [Member]
Assets, Fair Value Disclosure	$ 908
Fair Value, Measurements, Recurring [Member]
Assets, Fair Value Disclosure	69,682	$ 40,505
Fair Value, Measurements, Recurring [Member] | Corporate Bonds [Member]
Assets, Fair Value Disclosure		0
Fair Value, Measurements, Recurring [Member] | Mortgage-backed securities [Member]
Assets, Fair Value Disclosure	31,280	9,740
Fair Value, Measurements, Recurring [Member] | Collateralized mortgage obligations [Member]
Assets, Fair Value Disclosure	6,993	1,750
Fair Value, Measurements, Recurring [Member] | U.S. Government Agencies [Member]
Assets, Fair Value Disclosure	10,034	6,971
Fair Value, Measurements, Recurring [Member] | SBA securities [Member]
Assets, Fair Value Disclosure	4,519	5,997
Municipal securities [Member] | Fair Value, Measurements, Recurring [Member]
Assets, Fair Value Disclosure	15,948	16,047
Fair Value, Inputs, Level 1 [Member] | Corporate Bonds [Member]
Assets, Fair Value Disclosure	0
Fair Value, Inputs, Level 1 [Member] | Fair Value, Measurements, Recurring [Member]
Assets, Fair Value Disclosure	0	0
Fair Value, Inputs, Level 1 [Member] | Fair Value, Measurements, Recurring [Member] | Corporate Bonds [Member]
Assets, Fair Value Disclosure		0
Fair Value, Inputs, Level 1 [Member] | Fair Value, Measurements, Recurring [Member] | Mortgage-backed securities [Member]
Assets, Fair Value Disclosure	0	0
Fair Value, Inputs, Level 1 [Member] | Fair Value, Measurements, Recurring [Member] | Collateralized mortgage obligations [Member]
Assets, Fair Value Disclosure	0	0
Fair Value, Inputs, Level 1 [Member] | Fair Value, Measurements, Recurring [Member] | U.S. Government Agencies [Member]
Assets, Fair Value Disclosure	0	0
Fair Value, Inputs, Level 1 [Member] | Fair Value, Measurements, Recurring [Member] | SBA securities [Member]
Assets, Fair Value Disclosure	0	0
Fair Value, Inputs, Level 1 [Member] | Municipal securities [Member] | Fair Value, Measurements, Recurring [Member]
Assets, Fair Value Disclosure	0	0
Fair Value, Inputs, Level 2 [Member] | Corporate Bonds [Member]
Assets, Fair Value Disclosure	908
Fair Value, Inputs, Level 2 [Member] | Fair Value, Measurements, Recurring [Member]
Assets, Fair Value Disclosure	69,682	40,505
Fair Value, Inputs, Level 2 [Member] | Fair Value, Measurements, Recurring [Member] | Corporate Bonds [Member]
Assets, Fair Value Disclosure		0
Fair Value, Inputs, Level 2 [Member] | Fair Value, Measurements, Recurring [Member] | Mortgage-backed securities [Member]
Assets, Fair Value Disclosure	31,280	9,740
Fair Value, Inputs, Level 2 [Member] | Fair Value, Measurements, Recurring [Member] | Collateralized mortgage obligations [Member]
Assets, Fair Value Disclosure	6,993	1,750
Fair Value, Inputs, Level 2 [Member] | Fair Value, Measurements, Recurring [Member] | U.S. Government Agencies [Member]
Assets, Fair Value Disclosure	10,034	6,971
Fair Value, Inputs, Level 2 [Member] | Fair Value, Measurements, Recurring [Member] | SBA securities [Member]
Assets, Fair Value Disclosure	4,519	5,997
Fair Value, Inputs, Level 2 [Member] | Municipal securities [Member] | Fair Value, Measurements, Recurring [Member]
Assets, Fair Value Disclosure	15,948	16,047
Fair Value, Inputs, Level 3 [Member] | Corporate Bonds [Member]
Assets, Fair Value Disclosure	0
Fair Value, Inputs, Level 3 [Member] | Fair Value, Measurements, Recurring [Member]
Assets, Fair Value Disclosure	0	0
Fair Value, Inputs, Level 3 [Member] | Fair Value, Measurements, Recurring [Member] | Corporate Bonds [Member]
Assets, Fair Value Disclosure		0
Fair Value, Inputs, Level 3 [Member] | Fair Value, Measurements, Recurring [Member] | Mortgage-backed securities [Member]
Assets, Fair Value Disclosure	0	0
Fair Value, Inputs, Level 3 [Member] | Fair Value, Measurements, Recurring [Member] | Collateralized mortgage obligations [Member]
Assets, Fair Value Disclosure	0	0
Fair Value, Inputs, Level 3 [Member] | Fair Value, Measurements, Recurring [Member] | U.S. Government Agencies [Member]
Assets, Fair Value Disclosure	0	0
Fair Value, Inputs, Level 3 [Member] | Fair Value, Measurements, Recurring [Member] | SBA securities [Member]
Assets, Fair Value Disclosure	0	0
Fair Value, Inputs, Level 3 [Member] | Municipal securities [Member] | Fair Value, Measurements, Recurring [Member]
Assets, Fair Value Disclosure	$ 0	$ 0

FAIR VALUE MEASUREMENT (Detai_2

FAIR VALUE MEASUREMENT (Details 1) - Fair Value, Measurements, Nonrecurring [Member] - USD ($) $ in Thousands	Sep. 30, 2018	Dec. 31, 2017
Impaired Loan on Assets Measured at Fair Value	$ 5,294	$ 1,120
Consumer [Member]
Impaired Loan on Assets Measured at Fair Value	0	0
Commercial real estate [Member]
Impaired Loan on Assets Measured at Fair Value	2,781	1,120
Residential [Member]
Impaired Loan on Assets Measured at Fair Value	127	0
Construction and land [Member]
Impaired Loan on Assets Measured at Fair Value	0	0
Commercial and industrial [Member]
Impaired Loan on Assets Measured at Fair Value	2,386	0
Fair Value, Inputs, Level 1 [Member]
Impaired Loan on Assets Measured at Fair Value	0	0
Fair Value, Inputs, Level 1 [Member] | Consumer [Member]
Impaired Loan on Assets Measured at Fair Value	0	0
Fair Value, Inputs, Level 1 [Member] | Commercial real estate [Member]
Impaired Loan on Assets Measured at Fair Value	0	0
Fair Value, Inputs, Level 1 [Member] | Residential [Member]
Impaired Loan on Assets Measured at Fair Value	0	0
Fair Value, Inputs, Level 1 [Member] | Construction and land [Member]
Impaired Loan on Assets Measured at Fair Value	0	0
Fair Value, Inputs, Level 1 [Member] | Commercial and industrial [Member]
Impaired Loan on Assets Measured at Fair Value	0	0
Fair Value, Inputs, Level 2 [Member]
Impaired Loan on Assets Measured at Fair Value	0	0
Fair Value, Inputs, Level 2 [Member] | Consumer [Member]
Impaired Loan on Assets Measured at Fair Value	0	0
Fair Value, Inputs, Level 2 [Member] | Commercial real estate [Member]
Impaired Loan on Assets Measured at Fair Value	0	0
Fair Value, Inputs, Level 2 [Member] | Residential [Member]
Impaired Loan on Assets Measured at Fair Value	0	0
Fair Value, Inputs, Level 2 [Member] | Construction and land [Member]
Impaired Loan on Assets Measured at Fair Value	0	0
Fair Value, Inputs, Level 2 [Member] | Commercial and industrial [Member]
Impaired Loan on Assets Measured at Fair Value	0	0
Fair Value, Inputs, Level 3 [Member]
Impaired Loan on Assets Measured at Fair Value	5,294	1,120
Fair Value, Inputs, Level 3 [Member] | Consumer [Member]
Impaired Loan on Assets Measured at Fair Value	0	0
Fair Value, Inputs, Level 3 [Member] | Commercial real estate [Member]
Impaired Loan on Assets Measured at Fair Value	2,781	1,120
Fair Value, Inputs, Level 3 [Member] | Residential [Member]
Impaired Loan on Assets Measured at Fair Value	127	0
Fair Value, Inputs, Level 3 [Member] | Construction and land [Member]
Impaired Loan on Assets Measured at Fair Value	0	0
Fair Value, Inputs, Level 3 [Member] | Commercial and industrial [Member]
Impaired Loan on Assets Measured at Fair Value	$ 2,386	$ 0

FAIR VALUE MEASUREMENT (Detai_3

FAIR VALUE MEASUREMENT (Details 2) - USD ($) $ in Thousands	Sep. 30, 2018	Dec. 31, 2017	Sep. 30, 2017	Dec. 31, 2016
Financial assets:
Cash and cash equivalents	$ 313,217	$ 249,853	$ 242,518	$ 128,684
Interest bearing deposits with financial institutions	1,000	1,743
Securities available for sale	69,682	40,505
Other equity securities	7,364	7,759
Loans, net	896,369	886,864
Loans held for sale	585	3,245
Accrued interest receivable	3,337	3,002
Cash and cash equivalents, Fair value	313,217	249,853
Interest bearing deposits with financial institutions, Fair value	1,000	1,743
Securities available for sale, Fair value	69,682	40,505
Other equity securities, Fair value	0	7,759
Loans, net, Fair value	893,727	883,361
Loans held for sale, Fair value	0	3,245
Accrued interest receivable, Fair value	3,337	3,002
Financial liabilities:
Deposits	1,130,721	1,104,305
Subordinated Debentures	5,428	5,387
Other borrowings	0	6,000
Accrued interest payable	163	141
Deposits, Fair value	1,132,097	1,104,665
Subordinated Debentures, Fair value	5,447	5,387
Other borrowings, Fair value		6,000
Accrued interest payable, Fair value	163	141
Off-balance-sheet liabilities:
Undisbursed loan commitments, lines of credit, standby letters of credit	310	310
Undisbursed loan commitments, lines of credit, standby letters of credit, Fair value	310	310
Fair Value, Inputs, Level 1 [Member]
Financial assets:
Cash and cash equivalents, Fair value	313,217	249,853
Interest bearing deposits with financial institutions, Fair value	1,000	1,743
Securities available for sale, Fair value	0	0
Other equity securities, Fair value	0	0
Loans, net, Fair value	0	0
Loans held for sale, Fair value	0	0
Accrued interest receivable, Fair value	0	0
Financial liabilities:
Deposits, Fair value	927,392	875,506
Subordinated Debentures, Fair value	0	0
Other borrowings, Fair value		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:
Cash and cash equivalents, Fair value	0	0
Interest bearing deposits with financial institutions, Fair value	0	0
Securities available for sale, Fair value	69,682	40,505
Other equity securities, Fair value	7,364	7,759
Loans, net, Fair value	0	0
Loans held for sale, Fair value	585	3,245
Accrued interest receivable, Fair value	3,337	3,002
Financial liabilities:
Deposits, Fair value	204,705	229,159
Subordinated Debentures, Fair value	0	0
Other borrowings, Fair value		0
Accrued interest payable, Fair value	163	141
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:
Cash and cash equivalents, Fair value	0	0
Interest bearing deposits with financial institutions, Fair value	0	0
Securities available for sale, Fair value	0	0
Other equity securities, Fair value	0	0
Loans, net, Fair value	893,727	883,361
Loans held for sale, Fair value	0	0
Accrued interest receivable, Fair value	0	0
Financial liabilities:
Deposits, Fair value		0
Subordinated Debentures, Fair value	5,447	5,387
Other borrowings, Fair value		6,000
Accrued interest payable, Fair value	0	0
Off-balance-sheet liabilities:
Undisbursed loan commitments, lines of credit, standby letters of credit, Fair value	$ 310	$ 310

FAIR VALUE MEASUREMENT (Detai_4

FAIR VALUE MEASUREMENT (Details Textual) - USD ($)	Sep. 30, 2018	Dec. 31, 2017
Fair Value Disclosures [Abstract]
Loans and Leases Receivable, Nonperforming, Nonaccrual of Interest	$ 5,200	$ 179,000

COMMITMENTS AND CONTINGENCIES (

COMMITMENTS AND CONTINGENCIES (Details Textual)) - USD ($) $ in Thousands	Sep. 30, 2018	Dec. 31, 2017
Loss Contingencies [Line Items]
Loans and Leases Receivable, Loans in Process	$ 73,400	$ 98,700
Guarantor Obligations, Maximum Exposure, Undiscounted	402,000	213,000
Loss Contingency Accrual	310,000	310,000
Advances from Federal Home Loan Banks	$ 7,500	$ 9,900