Bank First (BFC) 10-Q 10 Aug 20 2020 Q2 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	6 Months Ended
	Jun. 30, 2020	Aug. 07, 2020
Document and Entity Information
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Jun. 30, 2020
Document Transition Report	false
Entity File Number	001-38676
Entity Registrant Name	Bank First Corp
Entity Incorporation, State or Country Code	WI
Entity Tax Identification Number	39-1435359
Entity Address, Address Line One	402 North 8th Street
Entity Address, City or Town	Manitowoc
Entity Address, State or Province	WI
Entity Address, Postal Zip Code	54220
City Area Code	920
Local Phone Number	652-3100
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Accelerated Filer
Entity Small Business	true
Entity Emerging Growth Company	true
Entity Ex Transition Period	true
Entity Shell Company	false
Title of 12(b) Security	Common Stock, par value $0.01 per share
Trading Symbol	BFC
Security Exchange Name	NASDAQ
Entity Common Stock, Shares Outstanding		7,732,004
Entity Central Index Key	0001746109
Current Fiscal Year End Date	--12-31
Document Fiscal Year Focus	2020
Document Fiscal Period Focus	Q2
Amendment Flag	false

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($) $ in Thousands	Jun. 30, 2020	Dec. 31, 2019
Assets
Cash and due from banks	$ 33,994	$ 33,817
Interest-bearing deposits	310	19,242
Federal funds sold	142,927	33,393
Cash and cash equivalents	177,231	86,452
Securities held to maturity, at amortized cost ($9,600 and $44,803 fair value at June 30, 2020 and December 31, 2019, respectively)	9,579	43,734
Securities available for sale, at fair value	174,067	181,506
Loans held for sale	1,479	587
Loans, net	2,098,952	1,724,947
Premises and equipment, net	39,645	35,286
Goodwill	55,052	43,456
Other investments	7,838	4,933
Cash value of life insurance	30,996	24,945
Identifiable intangible assets, net	10,507	9,666
Other real estate owned ("OREO")	2,269	6,888
Investment in minority-owned subsidiaries	41,870	40,287
Other assets	8,426	7,481
TOTAL ASSETS	2,657,911	2,210,168
Deposits:
Interest-bearing deposits	1,554,833	1,366,846
Noninterest-bearing deposits	708,312	476,465
Total deposits	2,263,145	1,843,311
Securities sold under repurchase agreements	57,442	45,865
Notes payable	25,172	49,790
Subordinated notes	18,549	18,622
Other liabilities	17,503	22,369
Total liabilities	2,381,811	1,979,957
Stockholders' equity:
Serial preferred stock - $0.01 par value Authorized - 5,000,000 shares	0	0
Common stock - $0.01 par value Authorized - 20,000,000 shares Issued - 8,478,383 and 7,902,742 shares as of June 30, 2020 and December 31, 2019, respectively Outstanding - 7,733,457 and 7,084,728 shares as of June 30, 2020 and December 31, 2019, respectively	85	79
Additional paid-in capital	92,277	63,085
Retained earnings	202,082	189,494
Treasury stock, at cost - 744,926 and 818,014 shares as of June 30, 2020 and December 31, 2019, respectively	(23,847)	(24,941)
Accumulated other comprehensive income	5,503	2,494
Total stockholders' equity	276,100	230,211
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY	$ 2,657,911	$ 2,210,168

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Thousands	Jun. 30, 2020	Dec. 31, 2019
Debt Securities, Held-to-maturity, Fair Value	$ 9,600	$ 44,803
Common Stock, Par or Stated Value Per Share	$ 0.01	$ 0.01
Common Stock, Shares Authorized	20,000,000	20,000,000
Common Stock, Shares, Issued	8,478,383	7,902,742
Common Stock, Shares, Outstanding	7,733,457	7,084,728
Treasury Stock, Shares	744,926	818,014
Series A Preferred Stock [Member]
Preferred Stock, Par or Stated Value Per Share	$ 0.01	$ 0.01
Preferred Stock, Shares Authorized	5,000,000	5,000,000

Consolidated Statements of Inco

Consolidated Statements of Income - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Interest income:
Loans, including fees	$ 23,257	$ 18,506	$ 44,929	$ 36,732
Securities:
Taxable	618	691	1,705	1,435
Tax-exempt	486	413	910	839
Other	21	548	134	875
Total interest income	24,382	20,158	47,678	39,881
Interest expense:
Deposits	3,212	4,442	7,322	8,667
Securities sold under repurchase agreements	3	167	106	297
Borrowed funds	371	175	811	343
Total interest expense	3,586	4,784	8,239	9,307
Net interest income	20,796	15,374	39,439	30,574
Provision for loan losses	3,150	500	4,125	1,125
Net interest income after provision for loan losses	17,646	14,874	35,314	29,449
Noninterest income:
Service charges	1,158	799	2,074	1,478
Income from Ansay and Associates, LLC ("Ansay")	710	543	1,601	1,418
Income from UFS, LLC ("UFS")	850	731	1,747	1,325
Loan servicing income	226	244	688	467
Net gain on sales of mortgage loans	1,332	154	1,792	241
Net gain on sales of securities	3,233	23	3,233	23
Net gain on sale of other investments				234
Noninterest income from strategic alliances	16	29	33	48
Other	239	213	493	1,042
Total noninterest income	7,764	2,736	11,661	6,276
Noninterest expense:
Salaries, commissions, and employee benefits	6,608	5,403	13,060	10,713
Occupancy	921	832	2,196	1,681
Data processing	1,334	960	2,533	1,873
Postage, stationery, and supplies	277	192	449	315
Net loss (gain) on sales and valuations of OREO	467	(135)	1,443	(99)
Advertising	69	53	124	127
Charitable contributions	127	141	250	272
Outside service fees	1,394	982	2,195	1,666
Amortization of intangibles	362	161	696	322
Penalty for early extinguishment of debt	1,323		1,323
Other	1,556	1,366	2,910	2,621
Total noninterest expense	14,438	9,955	27,179	19,491
Income before provision for income taxes	10,972	7,655	19,796	16,234
Provision for income taxes	2,676	1,666	4,234	3,658
Net Income	$ 8,296	$ 5,989	$ 15,562	$ 12,576
Earnings per share - basic	$ 1.11	$ 0.91	$ 2.14	$ 1.91
Earnings per share - diluted	1.11	0.90	2.13	1.89
Dividends per share	$ 0.20	$ 0.20	$ 0.40	$ 0.40

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Income - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Consolidated Statements of Comprehensive Income
Net Income	$ 8,296	$ 5,989	$ 15,562	$ 12,576
Unrealized gains (losses) on available for sale securities:
Unrealized holding gains arising during period	6,047	1,961	7,636	4,318
Amortization of unrealized holding gains on securities transferred from available for sale to held to maturity	(92)	(11)	(102)	(22)
Reclassification adjustment for gains included in net income	(3,233)	(23)	(3,233)	(23)
Income tax expense	(734)	(405)	(1,292)	(897)
Total other comprehensive income	1,988	1,522	3,009	3,376
Comprehensive income	$ 10,284	$ 7,511	$ 18,571	$ 15,952

Consolidated Statement of Stock

Consolidated Statement of Stockholders' Equity - USD ($) $ in Thousands	Serial Preferred Stock [Member]	Common Stock [Member]	Additional Paid-in Capital [Member]	Retained Earnings [Member]	Treasury Stock [Member]	Accumulated Other Comprehensive Income (Loss) [Member]	Total
Balance at Dec. 31, 2018	$ 0	$ 74	$ 27,601	$ 168,363	$ (21,349)	$ (366)	$ 174,323
Net income	0	0	0	6,587	0	0	6,587
Other comprehensive income	0	0	0	0	0	1,853	1,853
Purchase of treasury stock	0	0	0	0	(2,489)	0	(2,489)
Issuance of treasury stock as deferred compensation payout	0	0	14	0	43	0	57
Cash dividends	0	0	0	(1,306)	0	0	(1,306)
Amortization of stock-based compensation	0	0	152	0	0	0	152
Vesting of restricted stock awards	0	0	(462)	0	462	0	0
Balance at Mar. 31, 2019	0	74	27,305	173,644	(23,333)	1,487	179,177
Balance at Dec. 31, 2018	0	74	27,601	168,363	(21,349)	(366)	174,323
Net income							12,576
Balance at Jun. 30, 2019	0	74	27,436	178,314	(23,386)	3,009	185,447
Balance at Mar. 31, 2019	0	74	27,305	173,644	(23,333)	1,487	179,177
Net income	0	0	0	5,989	0	0	5,989
Other comprehensive income	0	0	0	0	0	1,522	1,522
Purchase of treasury stock	0	0	0	0	(161)	0	(161)
Issuance of treasury stock as deferred compensation payout	0	0	12	0	45	0	57
Cash dividends	0	0	0	(1,319)	0	0	(1,319)
Amortization of stock-based compensation	0	0	182	0	0	0	182
Vesting of restricted stock awards	0	0	(63)	0	63	0	0
Balance at Jun. 30, 2019	0	74	27,436	178,314	(23,386)	3,009	185,447
Balance at Dec. 31, 2019	0	79	63,085	189,494	(24,941)	2,494	230,211
Net income	0	0	0	7,266	0	0	7,266
Other comprehensive income	0	0	0	0	0	1,021	1,021
Purchase of treasury stock	0	0	0	0	(2,968)	0	(2,968)
Issuance of treasury stock as deferred compensation payout	0	0	0	0	3,368	0	3,368
Cash dividends	0	0	0	(1,431)	0	0	(1,431)
Amortization of stock-based compensation	0	0	215	0	0	0	215
Vesting of restricted stock awards	0	0	(628)	0	628	0	0
Balance at Mar. 31, 2020	0	79	62,672	195,329	(23,913)	3,515	237,682
Balance at Dec. 31, 2019	0	79	63,085	189,494	(24,941)	2,494	230,211
Net income							15,562
Balance at Jun. 30, 2020	0	85	92,277	202,082	(23,847)	5,503	276,100
Balance at Mar. 31, 2020	0	79	62,672	195,329	(23,913)	3,515	237,682
Net income	0	0	0	8,296	0	0	8,296
Other comprehensive income	0	0	0	0	0	1,988	1,988
Cash dividends	0	0	0	(1,543)	0	0	(1,543)
Amortization of stock-based compensation	0	0	296	0	0	0	296
Vesting of restricted stock awards	0	0	(66)	0	66	0	0
Shares issued in the acquisition of Tomah Bancshares, Inc. (575,641 shares)	0	6	29,375	0	0	0	29,381
Balance at Jun. 30, 2020	$ 0	$ 85	$ 92,277	$ 202,082	$ (23,847)	$ 5,503	$ 276,100

Consolidated Statement of Chang

Consolidated Statement of Changes in Stockholders' Equity (Parenthetical) - $ / shares	3 Months Ended
	Jun. 30, 2020	Mar. 31, 2020	Jun. 30, 2019	Mar. 31, 2019
Dividends Payable, Amount Per Share	$ 0.20	$ 0.20	$ 0.20	$ 0.20
Tomah Bancshares Inc [Member]
Stock Issued During Period, Shares, Acquisitions	575,641

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($) shares in Thousands, $ in Thousands	6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019
Cash flows from operating activities:
Net income	$ 15,562	$ 12,576
Adjustments to reconcile net income to net cash provided by operating activities:
Provision for loan losses	4,125	1,125
Depreciation and amortization of premises and equipment	759	551
Amortization of intangibles	696	322
Net amortization of securities	308	186
Amortization of stock-based compensation	511	334
Accretion of purchase accounting valuations	(2,420)	(2,158)
Net change in deferred loan fees and costs	6,985	(136)
Change in fair value of mortgage servicing rights ("MSR") and other investments	1,200	(413)
Loss from sale and disposal of premises and equipment	0	23
Loss (gain) on sale of OREO and valuation allowance	1,443	(99)
Proceeds from sales of mortgage loans	106,806	21,621
Originations of mortgage loans held for sale	(106,619)	(21,589)
Gain on sales of mortgage loans	(1,792)	(241)
Realized gain on sale of securities	(3,233)	(23)
Realized gain on sale of other investments	0	(234)
Undistributed income of UFS joint venture	(1,747)	(1,325)
Undistributed income of Ansay joint venture	(1,601)	(1,418)
Net earnings on life insurance	(344)	(310)
Increase in other assets	(1,147)	(779)
Decrease in other liabilities	(504)	(5,803)
Net cash provided by operating activities	18,988	2,210
Activity in securities available for sale and held to maturity:
Sales	59,697	748
Maturities, prepayments, and calls	56,560	6,408
Purchases	(23,708)	(3,015)
Net (increase) decrease in loans	(271,246)	9,402
Dividends received from UFS	1,047	1,067
Dividends received from Ansay	746	639
Proceeds from sale of OREO	3,424	1,070
Proceeds from sales of other investments	0	984
Net purchases of Federal Home Loan Bank ("FHLB") stock	(640)	(90)
Net purchases of Federal Reserve Bank ("FRB") stock	(1,702)	0
Proceeds from sale of premises and equipment	25	0
Purchases of premises and equipment	(3,617)	(2,464)
Net cash received in business combination	35,296	0
Net cash (used in) provided by investing activities	(144,118)	14,749
Cash flows from financing activities, net of effects of business combination:
Net increase in deposits	248,841	17,902
Net increase (decrease) in securities sold under repurchase agreements	10,760	(11,455)
Proceeds from advances of notes payable	87,000	4,000
Repayment of notes payable	(124,750)	(4,000)
Dividends paid	(2,974)	(2,625)
Repurchase of common stock	(2,968)	(2,650)
Net cash provided by financing activities	215,909	1,172
Net increase in cash and cash equivalents	90,779	18,131
Cash and cash equivalents at beginning of period	86,452	107,743
Cash and cash equivalents at end of period	177,231	125,874
Cash paid during the period for:
Interest	8,555	9,117
Income taxes	0	3,171
Supplemental schedule of noncash activities:
Loans transferred to OREO	261	920
MSR resulting from sale of loans	713	209
Amortization of unrealized holding gains on securities transferred from available for sale to held to maturity recognized in other comprehensive income, net of tax	(81)	(17)
Change in unrealized gains and losses on investment securities available for sale, net of tax	924	3,375
Payment of deferred compensation through issuance of treasury stock	3,368	114
Acquisition:
Fair value of assets acquired	209,918	0
Fair value of liabilities assumed	191,701	0
Net assets acquired	$ 18,217	$ 0
Common stock issued in acquisition	29,381	0

BASIS OF PRESENTATION

BASIS OF PRESENTATION	6 Months Ended
	Jun. 30, 2020
BASIS OF PRESENTATION
BASIS OF PRESENTATION	NOTE 1 – BASIS OF PRESENTATION Bank First Corporation (the “Company”) provides a variety of financial services to individual and corporate customers through its wholly-owned subsidiary, Bank First, N.A. (the “Bank”). The Bank operates as a full-service financial institution with a primary market area including, but not limited to, the counties in which the Bank’s branches are located. The Bank has twenty-four locations located in Manitowoc, Outagamie, Brown, Winnebago, Sheboygan, Waupaca, Ozaukee, Monroe, Jefferson and Barron counties in Wisconsin. The Company and Bank are subject to the regulations of certain federal agencies and undergo periodic examinations by those regulatory authorities. These interim unaudited consolidated financial statements have been prepared in accordance with generally accepted accounting principles in the United States of America (“GAAP”) for interim financial information and with the instructions to Quarterly Report on Form 10-Q and Article 10 of Regulation S-X. Accordingly, certain information and footnote disclosures required by GAAP have been omitted or abbreviated. These unaudited consolidated financial statements should be read in conjunction with the Company’s audited consolidated financial statements and footnotes included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2019 (“Annual Report”). The unaudited consolidated financial statements include all adjustments, consisting of normal recurring adjustments, necessary for a fair presentation of the results for the interim periods. The results for interim periods are not necessarily indicative of results for a full year. Critical Accounting Policies and Estimates Preparation of consolidated financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the amounts reported in the consolidated financial statements and accompanying disclosures. These estimates are based on management’s best knowledge of current events and actions the Company may undertake in the future. Estimates are used in accounting for, among other items, the allowance for loan losses (“ALL”), valuation of loans in acquisition transactions, useful lives for depreciation and amortization, fair value of financial instruments, other-than-temporary impairment calculations, valuation of deferred tax assets, uncertain income tax positions and contingencies. Estimates that are particularly susceptible to significant change for the Company include the determination of the ALL, the determination and assessment of deferred tax assets and liabilities, and the valuation of loans acquired in acquisition transactions; therefore, these are critical accounting policies. Factors that may cause sensitivity to the aforementioned estimates include but are not limited to: external market factors such as market interest rates and employment rates, changes to operating policies and procedures, changes in applicable banking or tax regulations, and changes to deferred tax estimates. Actual results may ultimately differ from estimates, although management does not generally believe such differences would materially affect the consolidated financial statements in any individual reporting period presented. There have been no material changes or developments with respect to the assumptions or methodologies that the Company uses when applying what management believes are critical accounting policies and developing critical accounting estimates as previously disclosed in the Company’s Annual Report. Recent Accounting Developments Adopted In January 2017, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) 2017-04, “Intangibles-Goodwill and Other (Topic 350): Simplifying the Test for Goodwill Impairment”. The amendments in this ASU were issued to address concerns over the cost and complexity of the two-step goodwill impairment test and resulted in the removal of the second step of the test. The amendments require an entity to apply a one-step quantitative test and record the amount of goodwill impairment as the excess of a reporting unit’s carrying amount over its fair value, not to exceed the total amount of goodwill allocated to the reporting unit. The new guidance did not amend the optional qualitative assessment of goodwill impairment. This ASU is intended to reduce the cost and complexity of the two-step goodwill impairment test and is effective for annual and interim goodwill impairment tests in fiscal years beginning after December 15, 2019, with early adoption permitted for testing performed after January 1, 2017. The adoption of this guidance did not have a significant impact on the Company’s consolidated financial statements. Recently Issued Not Yet Effective Accounting Standards In June 2016, the FASB issued ASU 2016-13, “Financial Instruments – Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments.” Certain aspects of this ASU were updated in November 2018 by the issuance of ASU 2018-19, “Codification Improvements to Topic 326, Financial Instruments-Credit Losses”. The main objective of the ASU is to provide financial statement users with more decision-useful information about the expected credit losses on financial instruments and other commitments to extend credit held by a reporting entity at each reporting date. To achieve this objective, the amendments in the ASU replace the incurred loss impairment methodology in current GAAP with a methodology that reflects expected credit losses and requires consideration of a broader range of reasonable and supportable information to inform credit loss estimates. During 2019 FASB issued ASU 2019-10 which delayed the effective date of ASU 2016-13 for smaller, publicly traded companies, until interim and annual periods beginning after December 15, 2022. This delay applies to the Company as it was classified as a “Smaller reporting company” as defined in Rule 12b-2 of the Exchange Act as of the date ASU 2019-10 was enacted. Management is currently evaluating the potential impact of this update, although the general expectation in the banking industry is that the implementation of this standard will result in higher required balances in the ALL.

ACQUISITIONS

ACQUISITIONS	6 Months Ended
	Jun. 30, 2020
ACQUISITIONS
ACQUISITIONS	NOTE 2 – ACQUISITIONS On July 12, 2019, the Company completed a merger with Partnership Community Bancshares, Inc. (“Partnership”), a bank holding company headquartered in Cedarburg, Wisconsin, pursuant to the Agreement and Plan of Bank Merger (“Merger Agreement”), dated as of January 22, 2019 and as amended on April 30, 2019, by and among the Company and Partnership, whereby Partnership merged with and into the Company, and Partnership Bank, Partnership’s wholly-owned banking subsidiary, merged with and into the Bank. Partnership’s principal activity was the ownership and operation of Partnership Bank, a state-chartered banking institution that operated four (4) branches in Wisconsin at the time of closing. The merger consideration totaled approximately $49.6 million. Pursuant to the terms of the Merger Agreement, Partnership shareholders had the option to receive either 0.34879 shares of the Company’s common stock or $17.3001 in cash for each outstanding share of Partnership common stock, and cash in lieu of any remaining fractional share. The stock versus cash elections by the Partnership shareholders were subject to final consideration being made up of approximately $14.3 million in cash and 534,731 shares of Company common stock, valued at approximately $35.3 million (based on a value of $66.03 per share on the closing date). For more information concerning this acquisition, see “Note 2 – Acquisition” in the Company’s audited consolidated financial statements included in the Company’s Annual Report. On May 15, 2020, the Company completed a merger with Tomah Bancshares, Inc. (“Timberwood”), a bank holding company headquartered in Tomah, Wisconsin, pursuant to the Agreement and Plan of Bank Merger, dated as of November 20, 2019, by and among the Company and Timberwood, whereby Timberwood merged with and into the Company, and Timberwood Bank, Timberwood’s wholly-owned banking subsidiary, merged with and into the Bank. Timberwood’s principal activity was the ownership and operation of Timberwood Bank, a state-chartered banking institution that operated one (1) branch in Wisconsin at the time of closing. The merger consideration totaled approximately $29.8 million. Pursuant to the terms of the Merger Agreement, Timberwood shareholders received 5.1445 shares of the Company’s common stock for each outstanding share of Timberwood common stock, and cash in lieu of any remaining fractional share. Company stock issued totaled 575,641 shares valued at approximately $29.4 million, with cash of $0.4 million comprising the remainder of merger consideration. The Company accounted for the transaction under the acquisition method of accounting, and thus, the financial position and results of operations of Timberwood prior to the consummation date were not included in the accompanying consolidated financial statements. The accounting required assets purchased and liabilities assumed to be recorded at their respective fair values at the date of acquisition. The Company determined the fair value of core deposit intangibles, securities, premises and equipment, loans, other assets and liabilities, deposits and borrowings with the assistance of third party valuations, appraisals, and third party advisors. The estimated fair values will be subject to refinement for up to one year after deal consummation as additional information becomes available relative to the closing date fair values. The fair value of the assets acquired and liabilities assumed on May 15, 2020 was as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ As Recorded by ​ ​ As Recorded by ​ ​ Timberwood ​ Fair Value Adjustments ​ the Company Cash, cash equivelants and securities ​ $ 79,614 ​ $ (656) ​ $ 78,958 Other investments ​ 533 ​ ​ 533 Loans ​ 117,343 ​ 1,068 ​ 118,411 Premises and equipment, net ​ 2,538 ​ (1,006) ​ 1,532 Core deposit intangible ​ — ​ 1,697 ​ 1,697 Other assets ​ 11,392 ​ (2,605) ​ 8,787 Total assets acquired ​ $ 211,420 ​ $ (1,502) ​ $ 209,918 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Deposits ​ $ 170,362 ​ $ 742 ​ $ 171,104 Subordinated debt ​ 6,500 ​ ​ 6,500 Other borrowings ​ 12,938 ​ 210 ​ 13,148 Other liabilities ​ 1,923 ​ (974) ​ 949 Total liabilities assumed ​ $ 191,723 ​ $ (22) ​ $ 191,701 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Excess of assets acquired over liabilties assumed ​ $ 19,697 ​ $ (1,480) ​ $ 18,217 Less: purchase price ​ ​ ​ 29,812 Goodwill ​ ​ ​ $ 11,595 ​

EARNINGS PER SHARE

EARNINGS PER SHARE	6 Months Ended
	Jun. 30, 2020
EARNINGS PER SHARE
EARNINGS PER SHARE	NOTE 3 – EARNINGS PER SHARE The two-class method is used in the calculation of basic and diluted earnings per share. Under the two-class method, earnings available to common shareholders for the period are allocated between common shareholders and participating securities according to dividends declared (or accumulated) and participation rights in undistributed earnings. There were no anti-dilutive stock options for the three and six months ended June 30, 2020 or 2019. The following table presents the factors used in the earnings per share computations for the period indicated. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three Months Ended June 30, ​ Six Months Ended June 30, ​ 2020 2019 2020 2019 Basic ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Net income available to common shareholders ​ $ 8,296 ​ $ 5,989 ​ $ 15,562 ​ $ 12,576 Less: Earnings allocated to participating securities ​ ​ (65) ​ ​ (52) ​ ​ (120) ​ ​ (99) Net income allocated to common shareholders ​ $ 8,231 ​ $ 5,937 ​ $ 15,442 ​ $ 12,477 ​ ​ ​ ​ ​ ​ ​ ​ ​ Weighted average common shares outstanding including participating securities ​ ​ 7,454,201 ​ ​ 6,577,016 ​ ​ 7,268,861 ​ ​ 6,575,696 Less: Participating securities (1) ​ ​ (59,002) ​ ​ (51,990) ​ ​ (56,227) ​ ​ (51,918) Average shares ​ ​ 7,395,199 ​ ​ 6,525,026 ​ ​ 7,212,634 ​ ​ 6,523,778 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Basic earnings per common shares ​ $ 1.11 ​ $ 0.91 ​ $ 2.14 ​ $ 1.91 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Diluted ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Net income available to common shareholders ​ $ 8,296 ​ $ 5,989 ​ $ 15,562 ​ $ 12,576 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Weighted average common shares outstanding for basic earnings per common share ​ ​ 7,395,199 ​ ​ 6,525,026 ​ ​ 7,212,634 ​ ​ 6,523,778 Add: Dilutive effects of stock based compensation awards ​ ​ 10,796 ​ ​ 119,665 ​ ​ 58,558 ​ ​ 88,406 Average shares and dilutive potential common shares ​ ​ 7,405,995 ​ ​ 6,644,691 ​ ​ 7,271,192 ​ ​ 6,612,184 Diluted earnings per common share ​ $ 1.11 ​ $ 0.90 ​ $ 2.13 ​ $ 1.89 (1) Participating securities are restricted stock awards whereby the stock certificates have been issued, are included in outstanding shares, receive dividends and can be voted, but have not vested.

SECURITIES

SECURITIES	6 Months Ended
	Jun. 30, 2020
SECURITIES
SECURITIES	NOTE 4 – SECURITIES The Company’s securities available for sale as of June 30, 2020 and December 31, 2019 is summarized as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Gross Gross ​ ​ ​ Amortized ​ Unrealized ​ Unrealized ​ Estimated ​ ​ Cost ​ Gains ​ Losses ​ Fair Value ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ June 30, 2020 ​ ​ ​ ​ Obligations of U.S. Government sponsored agencies ​ $ 14,045 ​ $ 556 ​ $ (2) ​ $ 14,599 Obligations of states and political subdivisions ​ ​ 71,446 ​ ​ 3,799 ​ ​ (19) ​ ​ 75,226 Mortgage-backed securities ​ 51,171 ​ 2,940 ​ — ​ 54,111 Corporate notes ​ 27,291 ​ 221 ​ — ​ 27,512 Certificates of deposit ​ ​ 2,580 ​ ​ 39 ​ ​ — ​ ​ 2,619 Total available for sale securities ​ $ 166,533 ​ $ 7,555 ​ $ (21) ​ $ 174,067 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, 2019 ​ ​ ​ ​ Obligations of U.S. Government sponsored agencies ​ $ 12,218 ​ $ — ​ $ (158) ​ $ 12,060 Obligations of states and political subdivisions ​ ​ 52,594 ​ ​ 2,197 ​ ​ (20) ​ ​ 54,771 Mortgage-backed securities ​ 50,770 ​ 988 ​ (38) ​ 51,720 Corporate notes ​ 62,794 ​ 172 ​ (11) ​ 62,955 Total available for sale securities ​ $ 178,376 ​ $ 3,357 ​ $ (227) ​ $ 181,506 ​ The Company’s securities held to maturity as of June 30, 2020 and December 31, 2019 is summarized as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Gross Gross ​ ​ ​ ​ Amortized ​ Unrealized ​ Unrealized ​ Estimated ​ ​ Cost ​ Gains ​ Losses ​ Fair Value ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ June 30, 2020 ​ ​ ​ ​ Obligations of states and political subdivisions ​ $ 9,579 ​ $ 21 ​ $ — ​ $ 9,600 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, 2019 ​ ​ ​ ​ U.S. Treasury securities ​ $ 33,527 ​ $ 1,076 ​ $ (22) ​ $ 34,581 Obligations of states and political subdivisions ​ 10,207 ​ 15 ​ — ​ 10,222 Total held to maturity securities ​ $ 43,734 ​ $ 1,091 ​ $ (22) ​ $ 44,803 ​ The following table shows the fair value and gross unrealized losses of securities with unrealized losses, aggregated by investment category and length of time that individual securities have been in a continuous unrealized loss position: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Less Than 12 Months ​ Greater Than 12 Months ​ Total ​ ​ Fair ​ Unrealized ​ Fair ​ Unrealized ​ Fair ​ Unrealized ​ Value Losses Value Losses Value Losses ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ June 30, 2020 - Available for Sale ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Obligations of U.S. Government sponsored agencies ​ $ 615 ​ $ (2) ​ $ — ​ $ — ​ $ 615 ​ $ (2) Obligations of states and political subdivisions ​ ​ 2,540 ​ ​ (19) ​ ​ — ​ ​ — ​ ​ 2,540 ​ ​ (19) Totals ​ $ 3,155 ​ $ (21) ​ $ — ​ $ — ​ $ 3,155 ​ $ (21) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, 2019 - Available for Sale ​ ​ ​ ​ ​ ​ Obligations of U.S. Government sponsored agencies ​ $ 12,059 ​ $ (158) ​ $ — ​ $ — ​ $ 12,059 ​ $ (158) Obligations of states and political subdivisions ​ ​ 5,636 ​ ​ (19) ​ ​ 999 ​ ​ (1) ​ ​ 6,635 ​ ​ (20) Mortgage-backed securities ​ 4,038 ​ (26) ​ 2,187 ​ (12) ​ 6,225 ​ (38) Corporate notes ​ 3,925 ​ (11) ​ — ​ — ​ 3,925 ​ (11) Totals ​ $ 25,658 ​ $ (214) ​ $ 3,186 ​ $ (13) ​ $ 28,844 ​ $ (227) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, 2019 - Held to Maturity ​ ​ ​ ​ ​ ​ U.S. Treasury securities ​ $ 2,958 ​ $ (22) ​ $ — ​ $ — ​ $ 2,958 ​ $ (22) ​ As of June 30, 2020, the Company does not consider its securities with unrealized losses to be other-than-temporarily impaired, as the unrealized losses in each category have occurred as a result of changes in interest rates, market spreads and market conditions subsequent to purchase, not credit deterioration. The Company has the intent and ability to hold its securities to maturity or until par is recovered. There were no other-than-temporary impairments charged to earnings during the six months ended June 30, 2020 or 2019. The following is a summary of amortized cost and estimated fair value of securities by contractual maturity as of June 30, 2020. Contractual maturities will differ from expected maturities for mortgage-backed securities because borrowers may have the right to call or prepay obligations without penalties. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Available for Sale ​ Held to Maturity ​ ​ Amortized ​ Estimated ​ Amortized ​ Estimated ​ Cost Fair Value Cost Fair Value Due in one year or less ​ $ 13,794 ​ $ 13,856 ​ $ 751 ​ $ 751 Due after one year through 5 years ​ 12,529 ​ 13,063 ​ 3,524 ​ 3,545 Due after 5 years through ten years ​ 11,149 ​ 11,691 ​ 2,395 ​ 2,395 Due after 10 years ​ 77,890 ​ 81,346 ​ 2,909 ​ 2,909 Subtotal ​ 115,362 ​ 119,956 ​ 9,579 ​ 9,600 Mortgage-backed securities ​ 51,171 ​ 54,111 ​ — ​ — Total ​ $ 166,533 ​ $ 174,067 ​ $ 9,579 ​ $ 9,600 ​ The following is a summary of the proceeds from sales of securities available for sale and held to maturity, as well as gross gains and losses for the six months ended June 30, 2020 and 2019. ​ ​ ​ ​ ​ ​ ​ ​ ​ 2020 2019 Proceeds from sales of securities ​ $ 59,697 ​ $ 748 Gross gains on sales ​ 3,284 ​ 23 Gross losses on sales ​ (51) ​ — ​

LOANS, ALLOWANCE FOR LOAN LOSSE

LOANS, ALLOWANCE FOR LOAN LOSSES, AND CREDIT QUALITY	6 Months Ended
	Jun. 30, 2020
LOANS, ALLOWANCE FOR LOAN LOSSES, AND CREDIT QUALITY
LOANS, ALLOWANCE FOR LOAN LOSSES, AND CREDIT QUALITY	NOTE 5 – LOANS, ALLOWANCE FOR LOAN LOSSES, AND CREDIT QUALITY The following table presents total loans by portfolio segment and class of loan as of June 30, 2020 and December 31, 2019: ​ ​ ​ ​ ​ ​ ​ ​ ​ June 30, December 31, ​ ​ 2020 ​ 2019 ​ ​ ​ ​ ​ ​ ​ Commercial/industrial ​ $ 574,052 ​ $ 302,538 Commercial real estate - owner occupied ​ 525,908 ​ 459,782 Commercial real estate - non-owner occupied ​ 410,931 ​ 353,723 Construction and development ​ 126,653 ​ 132,296 Residential 1‑4 family ​ 451,070 ​ 448,605 Consumer ​ 28,532 ​ 29,462 Other ​ 5,365 ​ 10,440 Subtotals ​ 2,122,511 ​ 1,736,846 ALL ​ (16,071) ​ (11,396) Loans, net of ALL ​ 2,106,440 ​ 1,725,450 Deferred loan fees and costs ​ (7,488) ​ (503) Loans, net ​ $ 2,098,952 ​ $ 1,724,947 ​ The ALL by loan type as of June 30, 2020 and 2019 is summarized as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Commercial ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Commercial ​ Real Estate - ​ Construction ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Commercial / ​ Real Estate - ​ Non – Owner ​ and ​ Residential ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Industrial ​ Owner Occupied ​ Occupied ​ Development ​ 1 ‑ 4 Family ​ Consumer ​ Other ​ Unallocated ​ Total ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ALL - January 1, 2020 ​ $ 2,320 ​ $ 4,587 ​ $ 1,578 ​ $ 548 ​ $ 2,169 ​ $ 141 ​ $ 53 ​ $ 291 ​ $ 11,396 Charge-offs ​ (8) ​ (101) ​ — ​ — ​ (59) ​ — ​ (9) ​ — ​ (177) Recoveries ​ 1 ​ 640 ​ 40 ​ — ​ 37 ​ — ​ 9 ​ — ​ 727 Provision ​ 235 ​ 905 ​ 2,180 ​ 224 ​ 558 ​ 19 ​ 4 ​ (280) ​ 4,125 ALL - June 30, 2020 ​ 2,548 ​ 6,031 ​ 3,798 ​ 772 ​ 2,705 ​ 160 ​ 57 ​ 11 ​ 16,071 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ALL ending balance individually evaluated for impairment ​ 702 ​ 525 ​ 1,469 ​ — ​ — ​ — ​ — ​ — ​ 2,696 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ALL ending balance collectively evaluated for impairment ​ $ 1,846 ​ $ 5,506 ​ $ 2,329 ​ $ 772 ​ $ 2,705 ​ $ 160 ​ $ 57 ​ $ 236 ​ $ 13,375 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Loans outstanding - June 30, 2020 ​ $ 574,052 ​ $ 525,908 ​ $ 410,931 ​ $ 126,653 ​ $ 451,070 ​ $ 28,532 ​ $ 5,365 ​ $ — ​ $ 2,122,511 Loans ending balance individually evaluated for impairment ​ 1,973 ​ 10,860 ​ 7,987 ​ — ​ — ​ — ​ — ​ — ​ 20,820 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Loans ending balance collectively evaluated for impairment ​ $ 572,079 ​ $ 515,048 ​ $ 402,944 ​ $ 126,653 ​ $ 451,070 ​ $ 28,532 ​ $ 5,365 ​ $ — ​ $ 2,101,691 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Commercial ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Commercial ​ Real Estate - ​ Construction ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Commercial / ​ Real Estate – ​ Non – Owner ​ and ​ Residential ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Industrial ​ Owner Occupied ​ Occupied ​ Development ​ 1 ‑ 4 Family ​ Consumer ​ Other ​ Unallocated ​ Total ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ALL - January 1, 2019 ​ $ 3,021 ​ $ 3,750 ​ $ 2,100 ​ $ 725 ​ $ 2,472 ​ $ 148 ​ $ 32 ​ $ 521 ​ $ 12,248 Charge-offs ​ (594) ​ (659) ​ (54) ​ — ​ (11) ​ (11) ​ (8) ​ — ​ (1,337) Recoveries ​ 1 ​ 2 ​ 1 ​ — ​ 122 ​ 4 ​ 4 ​ — ​ 134 Provision ​ (285) ​ 2,380 ​ (99) ​ (314) ​ (556) ​ (2) ​ 1 ​ (285) ​ 1,125 ALL - June 30, 2019 ​ 2,143 ​ 5,473 ​ 1,948 ​ 411 ​ 2,027 ​ 139 ​ 29 ​ 236 ​ 12,170 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ALL ending balance individually evaluated for impairment ​ — ​ 2,285 ​ — ​ — ​ — ​ — ​ — ​ — ​ 2,285 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ALL ending balance collectively evaluated for impairment ​ $ 2,143 ​ $ 3,188 ​ $ 1,948 ​ $ 411 ​ $ 2,027 ​ $ 139 ​ $ 29 ​ $ 236 ​ $ 9,885 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Loans outstanding - ​ ​ ​ ​ ​ ​ ​ ​ ​ June 30, 2019 ​ $ 271,838 ​ $ 415,451 ​ $ 255,072 ​ $ 73,522 ​ $ 370,261 ​ $ 28,138 ​ $ 5,493 ​ $ — ​ $ 1,419,775 Loans ending balance individually evaluated for impairment ​ — ​ 9,992 ​ — ​ — ​ 176 ​ — ​ — ​ — ​ 10,168 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Loans ending balance collectively evaluated for impairment ​ $ 271,838 ​ $ 405,459 ​ $ 255,072 ​ $ 73,522 ​ $ 370,085 ​ $ 28,138 ​ $ 5,493 ​ $ — ​ $ 1,409,607 ​ The Company’s past due loans as of June 30, 2020 is summarized as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 90 Days ​ ​ ​ ​ ​ ​ 30 ‑ 89 Days ​ or more ​ ​ ​ ​ ​ ​ ​ ​ Past Due ​ Past Due ​ ​ ​ ​ ​ ​ ​ ​ Accruing ​ and Accruing ​ Non-Accrual ​ Total ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Commercial/industrial ​ $ — ​ $ — ​ $ 1,989 ​ $ 1,989 Commercial real estate - owner occupied ​ 73 ​ — ​ 12,253 ​ 12,326 Commercial real estate - non-owner occupied ​ — ​ — ​ 7,522 ​ 7,522 Construction and development ​ 319 ​ — ​ — ​ 319 Residential 1‑4 family ​ 220 ​ 78 ​ 1,241 ​ 1,539 Consumer ​ 21 ​ 2 ​ 32 ​ 55 Other ​ — ​ — ​ — ​ — ​ ​ $ 633 ​ $ 80 ​ $ 23,037 ​ $ 23,750 ​ The Company’s past due loans as of December 31, 2019 is summarized as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 90 Days ​ ​ ​ ​ ​ ​ 30 ‑ 89 Days ​ or more ​ ​ ​ ​ ​ ​ ​ ​ Past Due ​ Past Due ​ ​ ​ ​ ​ ​ ​ ​ Accruing ​ and Accruing ​ Non-Accrual ​ Total ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Commercial/industrial ​ $ 235 ​ $ — ​ $ 1,923 ​ $ 2,158 Commercial real estate - owner occupied ​ 1,124 ​ — ​ 2,513 ​ 3,637 Commercial real estate - non-owner occupied ​ — ​ — ​ 75 ​ 75 Construction and development ​ 768 ​ 11 ​ — ​ 779 Residential 1‑4 family ​ 805 ​ 307 ​ 550 ​ 1,662 Consumer ​ 70 ​ 36 ​ 32 ​ 138 Other ​ — ​ — ​ — ​ — ​ ​ $ 3,002 ​ $ 354 ​ $ 5,093 ​ $ 8,449 ​ The Company utilizes a numerical risk rating system for commercial relationships. All other types of relationships (ex: residential, consumer, other) are assigned a “Pass” rating, unless they have fallen 90 days past due or more, at which time they receive a rating of 7. The Company uses split ratings for government guaranties on loans. The portion of a loan that is supported by a government guaranty is included with other Pass credits. The determination of a commercial loan risk rating begins with completion of a matrix, which assigns scores based on the strength of the borrower’s debt service coverage, collateral coverage, balance sheet leverage, industry outlook, and customer concentration. A weighted average is taken of these individual scores to arrive at the overall rating. This rating is subject to adjustment by the loan officer based on facts and circumstances pertaining to the borrower. Risk ratings are subject to independent review. Commercial borrowers with ratings between 1 and 5 are considered Pass credits, with 1 being most acceptable and 5 being just above the minimum level of acceptance. Commercial borrowers rated 6 have potential weaknesses which may jeopardize repayment ability. Borrowers rated 7 have a well-defined weakness or weaknesses such as the inability to demonstrate significant cash flow for debt service based on analysis of the company’s financial information. These loans remain on accrual status provided full collection of principal and interest is reasonably expected. Otherwise they are deemed impaired and placed on nonaccrual status. Borrowers rated 8 are the same as 7 rated credits with one exception: collection or liquidation in full is not probable. The breakdown of loans by risk rating as of June 30, 2020 is as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Pass (1 ‑ 5) 6 7 8 Total ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Commercial/industrial ​ $ 565,623 ​ $ 3,046 ​ $ 5,383 ​ $ — ​ $ 574,052 Commercial real estate - owner occupied ​ 482,490 ​ 9,944 ​ 33,474 ​ — ​ 525,908 Commercial real estate - non-owner occupied ​ 400,361 ​ — ​ 10,570 ​ — ​ 410,931 Construction and development ​ 126,513 ​ — ​ 140 ​ — ​ 126,653 Residential 1‑4 family ​ 449,056 ​ — ​ 2,014 ​ — ​ 451,070 Consumer ​ 28,500 ​ — ​ 32 ​ — ​ 28,532 Other ​ 4,804 ​ 561 ​ — ​ — ​ 5,365 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ $ 2,057,347 ​ $ 13,551 ​ $ 51,613 ​ $ — ​ $ 2,122,511 ​ The breakdown of loans by risk rating as of December 31, 2019 is as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Pass (1 ‑ 5) 6 7 8 Total ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Commercial/industrial ​ $ 290,180 ​ $ 5,329 ​ $ 7,029 ​ $ — ​ $ 302,538 Commercial real estate - owner occupied ​ 422,336 ​ 5,603 ​ 31,843 ​ — ​ 459,782 Commercial real estate - non-owner occupied ​ 344,278 ​ 8,774 ​ 671 ​ — ​ 353,723 Construction and development ​ 132,266 ​ — ​ 30 ​ — ​ 132,296 Residential 1‑4 family ​ 447,630 ​ 256 ​ 719 ​ — ​ 448,605 Consumer ​ 29,430 ​ — ​ 32 ​ — ​ 29,462 Other ​ 10,440 ​ — ​ — ​ — ​ 10,440 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ $ 1,676,560 ​ $ 19,962 ​ $ 40,324 ​ $ — ​ $ 1,736,846 ​ The ALL represents management’s estimate of probable and inherent credit losses in the loan portfolio. Estimating the amount of the ALL requires the exercise of significant judgment and the use of estimates related to the amount and timing of expected future cash flows on impaired loans, estimated losses on pools of homogenous loans based on historical loss experience, and consideration of other qualitative factors such as current economic trends and conditions, all of which may be susceptible to significant change. The loan portfolio also represents the largest asset on the consolidated balance sheets. Loan losses are charged off against the ALL, while recoveries of amounts previously charged off are credited to the ALL. A provision for loan losses is charged to operations based on management’s periodic evaluation of the factors previously mentioned, as well as other pertinent factors. The ALL consists of specific reserves for certain individually evaluated impaired loans and general reserves for collectively evaluated non-impaired loans. Specific reserves reflect estimated losses on impaired loans from management’s analyses developed through specific credit allocations. The specific reserves are based on regular analyses of impaired, non-homogenous loans greater than $250,000. These analyses involve a high degree of judgment in estimating the amount of loss associated with specific loans, including estimating the amount and timing of future cash flows and collateral values. The general reserve is based in part on the Bank’s historical loss experience which is updated quarterly. The general reserve portion of the ALL also includes consideration of certain qualitative factors such as 1) changes in lending policies and/or underwriting practices, 2) national and local economic conditions, 3) changes in portfolio volume and nature, 4) experience, ability and depth of lending management and other relevant staff, 5) levels of and trends in past-due and nonaccrual loans and quality, 6) changes in loan review and oversight, 7) impact and effects of concentrations and 8) other issues deemed relevant. There are many factors affecting ALL; some are quantitative while others require qualitative judgment. The process for determining the ALL (which management believes adequately considers potential factors which might possibly result in credit losses) includes subjective elements and, therefore, may be susceptible to significant change. To the extent actual outcomes differ from management estimates, additional provisions for loan losses could be required that could adversely affect the Company’s earnings or financial position in future periods. Allocations of the ALL may be made for specific loans but the entire ALL is available for any loan that, in management’s judgment, should be charged off or for which an actual loss is realized. As an integral part of their examination process, various regulatory agencies review the ALL as well. Such agencies may require that changes in the ALL be recognized when such regulators’ credit evaluations differ from those of management based on information available to the regulators at the time of their examinations. A summary of impaired loans individually evaluated as of June 30, 2020 is as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Commercial Commercial ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Real Estate - ​ Real Estate - ​ Construction ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Commercial/ ​ Owner ​ Non – Owner ​ and ​ Residential ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Industrial ​ Occupied ​ Occupied ​ Development ​ 1-4 Family ​ Consumer ​ Other ​ Unallocated ​ Total ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ With an allowance recorded: ​ ​ ​ ​ ​ ​ ​ ​ ​ Recorded investment ​ $ 1,973 ​ $ 5,681 ​ $ 7,987 ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ 15,641 Unpaid principal balance ​ 1,973 ​ 5,681 ​ 7,987 ​ — ​ — ​ — ​ — ​ — ​ 15,641 Related allowance ​ 702 ​ 525 ​ 1,469 ​ — ​ — ​ — ​ — ​ — ​ 2,696 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ With no related allowance recorded: ​ ​ ​ ​ ​ ​ ​ ​ ​ Recorded investment ​ $ — ​ $ 5,179 ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ 5,179 Unpaid principal balance ​ — ​ 5,179 ​ — ​ — ​ — ​ — ​ — ​ — ​ 5,179 Related allowance ​ — ​ — ​ — ​ — ​ — ​ — ​ — ​ — ​ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total: ​ ​ ​ ​ ​ ​ ​ ​ ​ Recorded investment ​ $ 1,973 ​ $ 10,860 ​ $ 7,987 ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ 20,820 Unpaid principal balance ​ 1,973 ​ 10,860 ​ 7,987 ​ — ​ — ​ — ​ — ​ — ​ 20,820 Related allowance ​ 702 ​ 525 ​ 1,469 ​ — ​ — ​ — ​ — ​ — ​ 2,696 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Average recorded investment ​ $ 1,926 ​ $ 7,379 ​ $ 3,994 ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ 13,299 ​ A summary of impaired loans individually evaluated as of December 31, 2019 is as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Commercial Commercial ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Real Estate - ​ Real Estate - ​ Construction ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Commercial/ ​ Owner ​ Non – Owner ​ and ​ Residential ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Industrial ​ Occupied ​ Occupied ​ Development ​ 1 ‑ 4 Family ​ Consumer ​ Other ​ Total ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ With an allowance recorded: ​ ​ ​ ​ ​ ​ ​ ​ Recorded investment ​ $ 1,878 ​ $ 960 ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ 2,838 Unpaid principal balance ​ 1,878 ​ 960 ​ — ​ — ​ — ​ — ​ — ​ 2,838 Related allowance ​ 760 ​ 80 ​ — ​ — ​ — ​ — ​ — ​ 840 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ With no related allowance recorded: ​ ​ ​ ​ ​ ​ ​ ​ Recorded investment ​ $ — ​ $ 2,938 ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ 2,938 Unpaid principal balance ​ — ​ 2,938 ​ — ​ — ​ — ​ — ​ — ​ 2,938 Related allowance ​ — ​ — ​ — ​ — ​ — ​ — ​ — ​ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total: ​ ​ ​ ​ ​ ​ ​ ​ Recorded investment ​ $ 1,878 ​ $ 3,898 ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ 5,776 Unpaid principal balance ​ 1,878 ​ 3,898 ​ — ​ — ​ — ​ — ​ — ​ 5,776 Related allowance ​ 760 ​ 80 ​ — ​ — ​ — ​ — ​ — ​ 840 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Average recorded investment ​ $ 3,773 ​ $ 5,847 ​ $ — ​ $ — ​ $ 351 ​ $ — ​ $ — ​ $ 9,971 ​ Interest recognized while these loans were impaired is considered immaterial to the consolidated financial statements for the six months ended June 30, 2020 and 2019. The following table presents loans acquired with deteriorated credit quality as of June 30, 2020 and December 31, 2019. No loans in this table had a related allowance at either date, and therefore, the below disclosures were not expanded to include loans with and without a related allowance. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ June 30, 2020 ​ December 31, 2019 ​ ​ ​ Unpaid ​ ​ Unpaid ​ ​ Recorded ​ Principal ​ Recorded ​ Principal ​ ​ Investment ​ Balance ​ Investment ​ Balance Commercial & Industrial ​ $ 1,265 ​ $ 1,393 ​ $ 191 ​ $ 212 Commercial real estate - owner occupied ​ 5,414 ​ 7,190 ​ 518 ​ 785 Commercial real estate - non-owner occupied ​ 1,244 ​ 1,409 ​ — ​ — Construction and development ​ 94 ​ 104 ​ 213 ​ 237 Residential 1‑4 family ​ 888 ​ 1,013 ​ 901 ​ 1,031 Consumer ​ — ​ — ​ — ​ — Other ​ — ​ — ​ — ​ — ​ ​ $ 8,905 ​ $ 11,109 ​ $ 1,823 ​ $ 2,265 ​ Due to the nature of these loan relationships, prepayment expectations have not been considered in the determination of future cash flows. Management regularly monitors these loan relationships, and if information becomes available that indicates expected cash flows will differ from initial expectations, it may necessitate reclassification between accretable and non-accretable components of the original discount calculation. The following table represents the change in the accretable and non-accretable components of discounts on loans acquired with deteriorated credit quality for the six months ended June 30, 2020, and year ended December 31, 2019: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ June 30, 2020 ​ December 31, 2019 ​ ​ Accretable ​ Non-accretable ​ Accretable ​ Non-accretable ​ discount discount discount discount ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Balance at beginning of period ​ $ 222 ​ $ 220 ​ $ 318 ​ $ 745 Acquired balance, net ​ 1,064 ​ 727 ​ 44 ​ 333 Reclassifications between accretable and non-accretable ​ 11 ​ (11) ​ 858 ​ (858) Accretion to loan interest income ​ (29) ​ — ​ (998) ​ — Balance at end of period ​ $ 1,268 ​ $ 936 ​ $ 222 ​ $ 220 ​ A troubled debt restructuring (“TDR”) includes a loan modification where a borrower is experiencing financial difficulty and we grant a concession to that borrower that we would not otherwise consider except for the borrower’s financial difficulties. These concessions may include modifications of the terms of the debt such as deferral of payments, extension of maturity, reduction of principal balance, reduction of the stated interest rate other than normal market rate adjustments, or a combination of these concessions. Debt may be bifurcated with separate terms for each tranche of the restructured debt. Restructuring a loan in lieu of aggressively enforcing the collection of the loan may benefit the Company by increasing the ultimate probability of collection. A TDR may be either on accrual or nonaccrual status based upon the performance of the borrower and management’s assessment of collectability. If a TDR is placed on nonaccrual status, which would occur based on the same criteria as non-TDR loans, it remains there until a sufficient period of performance under the restructured terms has occurred at which it returned to accrual status, generally 6 months. As of June 30, 2020 and December 31, 2019 the Company had specific reserves of $0 and $80,000 for TDRs, respectively, and none of them have subsequently defaulted. During the first half of 2020 the Bank has experienced an increase in customer requests for loan modifications and payment deferrals as a result of impacts of the COVID-19 pandemic. The Coronavirus Aid, Relief, and Economic Security (CARES) act, signed into law on March 27, 2020, allowed financial institutions the option to exempt loan modifications related to the COVID-19 pandemic that would otherwise be categorized as a TDR from consideration for TDR treatment. Modifications in the scope of the exemption include forbearance agreements, interest-rate modifications, repayment plan changes and any other similar arrangements that would delay payments of principal or interest. This relief is allowable on modifications on loans which were not more than 30 days past due as of December 31, 2019, and that occur after March 1, 2020, and before the earlier of 60 days after the date on which the national emergency related to the COVID-19 outbreak is terminated The following table presents the TDRs during the six months ended June 30, 2020. There were no TDRs during the same period in 2019. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Pre-Modification Post-Modification ​ ​ ​ ​ Outstanding ​ Outstanding ​ ​ Number of ​ Recorded ​ Recorded ​ ​ Contracts ​ Investment ​ Investment Commerical Real Estate ​ 1 ​ $ 115 ​ $ 115 ​

MORTGAGE SERVICING RIGHTS

MORTGAGE SERVICING RIGHTS	6 Months Ended
	Jun. 30, 2020
MORTGAGE SERVICING RIGHTS
MORTGAGE SERVICING RIGHTS	NOTE 6 – MORTGAGE SERVICING RIGHTS Loans serviced for others are not included in the accompanying consolidated balance sheets. MSRs are recognized as separate assets when loans sold in the secondary market are sold with servicing retained. The Company utilizes a third-party consulting firm to determine an accurate assessment of the MSRs fair value. The third-party firm collects relevant data points from numerous sources. Some of these data points relate directly to the pricing level or relative value of the mortgage servicing while other data points relate to the assumptions used to derive fair value. In addition, the valuation evaluates specific collateral types, and current and historical performance of the collateral in question. The valuation process focuses on the non-distressed secondary servicing market, common industry practices and current regulatory standards. The primary determinants of the fair value of MSRs are servicing fee percentage, ancillary income, expected loan life or prepayment speeds, discount rates, costs to service, delinquency rates, foreclosure losses and recourse obligations. The valuation data also contains interest rate shock analyses for monitoring fair value changes in differing interest rate environments. Following is an analysis of activity in the MSR asset: ​ ​ ​ ​ ​ ​ ​ ​ ​ Six Months Ended Year Ended ​ ​ June 30, 2020 ​ December 31, 2019 ​ ​ ​ ​ ​ ​ ​ Fair value at beginning of year ​ $ 4,287 ​ $ 3,085 MSR asset acquired ​ ​ 384 ​ ​ 1,859 Servicing asset additions ​ 713 ​ 740 Loan payments and payoffs ​ (705) ​ (821) Changes in valuation inputs and assumptions used in the valuation model ​ (553) ​ (576) Amount recognized through earnings ​ (545) ​ (657) Fair value at end of period ​ $ 4,126 ​ $ 4,287 ​ ​ ​ ​ ​ ​ ​ Unpaid principal balance of loans serviced for others ​ $ 643,676 ​ $ 554,374 MSR as a percent of loans serviced for others ​ 0.64 ​ 0.77 ​ The primary economic assumptions utilized by the Company in measuring the value of MSRs were constant prepayment speeds of 17.5 and 12.1 months as of June 30, 2020 and December 31, 2019, respectively, and discount rates of 10.1% and 10% as of each period end.

NOTES PAYABLE

NOTES PAYABLE	6 Months Ended
	Jun. 30, 2020
NOTES PAYABLE
NOTES PAYABLE	NOTE 7 – NOTES PAYABLE From time to time the Company utilizes FHLB advances to fund liquidity. At June 30, 2020 and December, 31, 2019, the Company had outstanding balances borrowed from the FHLB of $25.0 million and $39.8 million, respectively. The advances, rate, and maturities of FHLB advances were as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ June 30, December 31, ​ ​ Maturity ​ Rate ​ ​ 2020 ​ ​ 2019 ​ ​ ​ ​ ​ ​ (dollars in thousands) Fixed rate, fixed term 01/27/2020 1.42 % $ — ​ $ 1,000 Fixed rate, fixed term 11/02/2020 1.28 % 400 ​ 400 Fixed rate, fixed term 11/02/2020 2.83 % 500 ​ — Fixed rate, fixed term 12/08/2020 2.76 % 500 ​ — Fixed rate, fixed term 12/28/2020 2.07 % 250 ​ — Fixed rate, fixed term 01/22/2021 1.67 % 2,000 ​ 2,000 Fixed rate, fixed term 01/25/2021 2.37 % 5,000 ​ 5,000 Fixed rate, fixed term 01/27/2021 1.60 % 1,000 ​ 1,000 Fixed rate, fixed term 03/29/2021 0.00 % 2,377 ​ — Fixed rate, fixed term ​ 05/03/2021 ​ 2.87 % ​ 500 ​ ​ — Fixed rate, fixed term ​ 05/03/2021 ​ 0.00 % ​ 4,000 ​ ​ — Fixed rate, fixed term ​ 05/03/2021 ​ 0.00 % ​ 4,000 ​ ​ — Fixed rate, fixed term ​ 06/28/2021 ​ 2.00 % ​ 250 ​ ​ — Fixed rate, fixed term ​ 11/03/2021 ​ 1.46 % ​ 400 ​ ​ 400 Fixed rate, fixed term ​ 12/08/2021 ​ 2.87 % ​ 500 ​ ​ — Fixed rate, fixed term ​ 12/27/2021 ​ 1.99 % ​ 250 ​ ​ — Fixed rate, fixed term ​ 01/24/2022 ​ 2.51 % ​ 250 ​ ​ — Fixed rate, fixed term ​ 05/02/2022 ​ 2.98 % ​ 500 ​ ​ — Fixed rate, fixed term ​ 06/08/2022 ​ 2.92 % ​ 500 ​ ​ — Fixed rate, fixed term ​ 08/08/2022 ​ 1.76 % ​ — ​ ​ 10,000 Fixed rate, fixed term ​ 11/21/2022 ​ 3.02 % ​ 600 ​ ​ — Fixed rate, fixed term ​ 08/08/2023 ​ 1.74 % ​ — ​ ​ 10,000 Fixed rate, fixed term ​ 11/21/2023 ​ 3.06 % ​ 600 ​ ​ — Fixed rate, fixed term ​ 08/08/2024 ​ 1.75 % ​ — ​ ​ 10,000 Fixed rate, fixed term ​ 01/04/2027 ​ 0.00 % ​ 103 ​ ​ — Fixed rate, fixed term ​ 04/22/2030 ​ 0.00 % ​ 508 ​ ​ — ​ ​ ​ ​ ​ ​ ​ 24,988 ​ ​ 39,800 Adjustment due to purchase accounting ​ ​ ​ ​ ​ ​ 184 ​ ​ (10) ​ ​ ​ ​ ​ ​ $ 25,172 ​ $ 39,790 ​ Future maturities of borrowings were as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ June 30, December 31, ​ ​ 2020 ​ 2019 1 year or less ​ $ 20,777 ​ $ 1,400 1 to 2 years ​ 2,400 ​ 8,400 2 to 3 years ​ 600 ​ 10,000 3 to 4 years ​ 600 ​ 10,000 4 to 5 years ​ — ​ 10,000 Over 5 years ​ ​ 611 ​ ​ — ​ ​ $ 24,988 ​ $ 39,800 ​ The Company maintained a $5.0 million line of credit with a commercial bank. At December 31, 2019 the Company had outstanding balances on this note of $5.0 million. There were no outstanding balances on this note at June 30, 2020. The note required monthly payments of interest at a variable rate, and was due in full on May 25, 2021. Subsequent to June 30, 2020, on July 22, 2020, this agreement was terminated. The Company maintained a $5.0 million line of credit with another commercial bank. At December 31, 2019 the Company had outstanding balances on this note of $5.0 million. This note was not renewed when it matured on May 19, 2020. The Company maintains a $7.5 million line of credit with another commercial bank, which was entered into on May 15, 2020. There were no outstanding balances on this note at June 30, 2020. Any future borrowings will require monthly payments of interest at a variable rate, and will be due in full on May 15, 2021.

SUBORDINATED NOTES

SUBORDINATED NOTES	6 Months Ended
	Jun. 30, 2020
SUBORDINATED NOTES
SUBORDINATED NOTES	NOTE 8 – SUBORDINATED NOTES During September 2017, the Company entered into subordinated note agreements with three separate commercial banks. The Company had outstanding balances of $11.5 million under these agreements as of June 30, 2020 and December 31, 2019. These notes were all issued with 10 -year maturities, carry interest at a variable rate payable quarterly, are callable on or after the sixth anniversary of the issuance dates, and qualify for Tier 2 capital for regulatory purposes. As a part of the Partnership acquisition, further detailed in Note 2, the Company assumed a subordinated note agreement with outstanding balance of $7.0 million, and an initial fair market value adjustment of $0.2 million ($49,000 and $122,000 as of June 30, 2020 and December 31, 2019, respectively). The total amount outstanding was $7.0 million and $7.1 million at June, 2020 and December 31, 2019, respectively. The note matures on October 1, 2025, requires quarterly interest-only payments at a rate of 7.1% prior to maturity, and can be prepaid without penalty after October 1, 2020, and quality for Tier 2 capital for regulatory purposes. Subsequent to June 30, 2020, on July 22, 2020, the Company entered into subordinated note agreements with two separate commercial banks. The Company has through December 31, 2020, to borrow funds up to a maximum availability of $6.0 million under each agreement, or $12.0 million total. These notes were issued with 10 -year maturities, will carry interest at a fixed rate of 5.0% through June 30, 2025, and at a variable rate thereafter, payable quarterly. These notes are callable on or after January 1, 2026 and qualify for Tier 2 capital for regulatory purposes.

REGULATORY MATTERS

REGULATORY MATTERS	6 Months Ended
	Jun. 30, 2020
REGULATORY MATTERS
REGULATORY MATTERS	NOTE 9 – REGULATORY MATTERS Banks and certain bank holding companies are subject to regulatory capital requirements administered by federal banking agencies. Capital adequacy guidelines and, additionally for banks, prompt corrective action regulations involve quantitative measures of assets, liabilities, and certain off-balance sheet items calculated under regulatory accounting practices. Capital amounts and classifications are also subject to qualitative judgments by regulators. Failure to meet capital requirements can initiate regulatory action. The Economic Growth, Regulatory Relief, and Consumer Protection Act, signed into law in May 2018 raised the threshold for those bank holding companies subject to the Federal Reserve’s Small Bank Holding Company Policy Statement to $3 billion. As a result, as of the effective date of that change in 2018, the Company was no longer required to comply with the risk-based capital rules applicable to the Bank. The Federal Reserve may, however, require smaller bank holding companies to maintain certain minimum capital levels, depending upon general economic conditions and a bank holding company’s particular condition, risk profile and growth plans. Under regulatory guidance for non-advanced approaches institutions, the Bank is required to maintain minimum amounts and ratios of common equity Tier I capital to risk-weighted assets. Additionally, under Basel III rules, the decision was made to opt-out of including accumulated other comprehensive income in regulatory capital. As of June 30, 2020 and December 31, 2019, the Bank met all capital adequacy requirements to which they are subject. Beginning in 2016, an additional conservation buffer was added to the minimum requirements for capital adequacy purposes, subject to a three year phase-in period. The capital conservation buffer was fully phased in January 1, 2019 at 2.50%. Actual and required capital amounts and ratios are presented below at period-end: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ To Be Well ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Minimum Capital ​ Capitalized Under ​ ​ ​ ​ ​ ​ ​ For Capital ​ Adeqaucy with ​ Prompt Corrective ​ ​ Actual ​ Adequacy Purposes ​ Capital Buffer ​ Action Provisions ​ Amount Ratio Amount Ratio Amount Ratio Amount Ratio ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ June 30, 2020 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total capital (to risk-weighted assets): ​ ​ ​ ​ ​ Corporation ​ $ 243,784 11.57 % ​ NA NA ​ NA NA ​ NA NA ​ Bank ​ $ 240,638 11.42 % $ 168,605 8.00 % $ 221,294 10.50 % $ 210,757 10.00 % Tier 1 capital (to risk-weighted assets): ​ ​ ​ ​ ​ ​ Corporation ​ $ 209,164 9.92 % NA NA ​ NA NA ​ NA NA ​ Bank ​ $ 224,567 10.66 % $ 126,454 6.00 % $ 179,143 8.50 % $ 168,605 8.00 % Common Equity Tier 1 capital (to risk-weighted assets): ​ ​ ​ ​ ​ Corporation ​ $ 209,164 9.92 % NA NA ​ NA NA ​ NA NA ​ Bank ​ $ 224,567 10.66 % $ 94,840 4.50 % $ 147,530 7.00 % $ 136,992 6.50 % Tier 1 capital (to average assets): ​ ​ ​ ​ ​ Corporation ​ $ 209,164 8.50 % NA NA ​ NA NA ​ NA NA ​ Bank ​ $ 224,567 9.18 % $ 97,879 4.00 % $ 97,879 4.00 % $ 122,349 5.00 % December 31, 2019 ​ ​ ​ ​ ​ Total capital (to risk-weighted assets): ​ ​ ​ ​ ​ Corporation ​ $ 208,900 10.35 % NA NA ​ NA NA ​ NA NA ​ Bank ​ $ 215,347 10.69 % $ 161,163 8.00 % $ 211,527 10.50 % $ 201,454 10.00 % Tier 1 capital (to risk-weighted assets): ​ ​ ​ ​ ​ Corporation ​ $ 178,882 8.86 % NA NA ​ NA NA ​ NA NA ​ Bank ​ $ 203,951 10.12 % $ 120,872 6.00 % $ 171,236 8.50 % $ 161,163 8.00 % Common Equity Tier 1 capital (to risk-weighted assets): ​ ​ ​ ​ ​ Corporation ​ $ 178,882 8.86 % NA NA ​ NA NA ​ NA NA ​ Bank ​ $ 203,951 10.12 % $ 90,654 4.50 % $ 141,018 7.00 % $ 130,945 6.50 % Tier 1 capital (to average assets): ​ ​ ​ ​ ​ Corporation ​ $ 178,882 8.46 % NA NA ​ NA NA ​ NA NA ​ Bank ​ $ 203,951 9.67 % $ 84,390 4.00 % ​ 84,390 4.00 % $ 105,487 5.00 % ​

COMMITMENTS AND CONTINGENCIES

COMMITMENTS AND CONTINGENCIES	6 Months Ended
	Jun. 30, 2020
COMMITMENTS AND CONTINGENCIES
COMMITMENTS AND CONTINGENCIES	NOTE 10 – COMMITMENTS AND CONTINGENCIES The Company enters into commitments to originate loans whereby the interest rate on the loan is determined prior to funding (rate-lock commitments). Rate-lock commitments on mortgage loans that are intended to be sold are considered to be derivatives. Accordingly, such commitments, along with any related fees received from potential borrowers, are recorded at fair value in derivative assets or liabilities, with changes in fair value recorded in the net gain or loss on sale of mortgage loans. Fair value is based on fees currently charged to enter into similar agreements and for fixed rate commitments also considers the difference between current levels of interest rates and committed rates. The notional amount of rate-lock commitments at June 30, 2020 and December 31, 2019 was approximately $62.0 million and $14.8 million, respectively. The Company is party to financial instruments with off-balance sheet risk in the normal course of business to meet the financing needs of its customers. These instruments involve, to varying degrees, elements of credit risk in excess of the amount recognized in the consolidated balance sheets. The Company’s exposure to credit loss is represented by the contractual or notional amount of these commitments. The Company follows the same credit policies in making commitments as it does for on-balance-sheet instruments. Since some of the commitments are expected to expire without being drawn upon and some of the commitments may not be drawn upon to the total extent of the commitment, the notional amount of these commitments does not necessarily represent future cash requirements. The following commitments were outstanding: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Notional Amount ​ June 30, 2020 December 31, 2019 Commitments to extend credit: ​ ​ ​ ​ ​ ​ Fixed ​ $ 68,022 ​ $ 49,741 Variable ​ 377,052 ​ 333,468 Credit card arrangements ​ 9,719 ​ 11,148 Letters of credit ​ 7,501 ​ 17,121 ​

FAIR VALUE MEASUREMENTS

FAIR VALUE MEASUREMENTS	6 Months Ended
	Jun. 30, 2020
FAIR VALUE MEASUREMENTS
FAIR VALUE MEASUREMENTS	NOTE 11 – FAIR VALUE MEASUREMENTS Accounting guidance establishes a fair value hierarchy to maximize the use of observable inputs and minimize the use of unobservable inputs when measuring fair value. The standard describes three levels of inputs that may be used to measure fair value. Level 1: Quoted prices (unadjusted) or identical assets or liabilities in active markets that the entity has the ability to access as of the measurement date. Level 2: Significant other observable inputs other than Level 1 prices such as quoted prices for similar assets or liabilities; quoted prices in markets that are not active; or other inputs that are observable or can be corroborated by observable market data. Level 3: Significant unobservable inputs that reflect a reporting entity’s own assumptions about the assumptions that market participants would use in pricing an asset or liability. ​ Information regarding the fair value of assets measured at fair value on a recurring basis is as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Instruments ​ Markets ​ Other ​ Significant ​ ​ Measured ​ for Identical ​ Observable ​ Unobservable ​ ​ At Fair ​ Assets ​ Inputs ​ Inputs ​ Value (Level 1) (Level 2) (Level 3) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ June 30, 2020 ​ ​ ​ ​ Assets ​ ​ ​ ​ Securities available for sale ​ ​ ​ ​ Obligations of U.S. Government sponsored agencies ​ $ 14,599 ​ $ — ​ $ 14,599 ​ $ — Obligations of states and political subdivisions ​ ​ 75,226 ​ ​ — ​ ​ 75,226 ​ ​ — Mortgage-backed securities ​ 54,111 ​ — ​ 54,111 ​ — Corporate notes ​ 27,512 ​ — ​ 27,512 ​ — Certificates of deposit ​ ​ 2,619 ​ ​ — ​ ​ 2,619 ​ ​ — Mortgage servicing rights ​ 4,126 ​ — ​ 4,126 ​ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, 2019 ​ ​ ​ ​ Assets ​ ​ ​ ​ Securities available for sale ​ ​ ​ ​ Obligations of U.S. Government sponsored agencies ​ $ 12,060 ​ $ — ​ $ 12,060 ​ $ — Obligations of states and political subdivisions ​ ​ 54,771 ​ ​ — ​ ​ 54,771 ​ ​ — Mortgage-backed securities ​ 51,720 ​ — ​ 51,720 ​ — Corporate notes ​ 62,955 ​ — ​ 62,955 ​ — Mortgage servicing rights ​ 4,287 ​ — ​ 4,287 ​ — ​ There were no assets measured on a recurring basis using significant unobservable inputs (Level 3). ​ ​ ​ ​ ​ ​ ​ ​ ​ June 30, 2020 December 31, 2019 ​ ​ ​ ​ ​ ​ ​ Total securities at beginning of period ​ $ — ​ $ 400 Included in earnings ​ — ​ — Included in other comprehensive income ​ — ​ — Purchases, issuance, and settlements ​ — ​ (400) Transfer in and/or out of level 3 ​ — ​ — Total securities at end of period ​ $ — ​ $ — ​ Information regarding the fair value of assets measured at fair value on a non-recurring basis is as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Quoted Prices ​ ​ ​ ​ ​ ​ ​ ​ ​ In Active ​ Significant ​ ​ ​ ​ ​ Assets ​ Markets ​ Other ​ Significant ​ ​ Measured ​ for Identical ​ Observable ​ Unobservable ​ ​ At Fair ​ Assets ​ Inputs ​ Inputs ​ ​ Value ​ (Level 1) ​ (Level 2) ​ (Level 3) June 30, 2020 ​ ​ ​ ​ OREO ​ $ 2,269 ​ $ — ​ $ — ​ $ 2,269 Impaired Loans, net of impairment reserve ​ 27,561 ​ — ​ — ​ 27,561 ​ ​ $ 29,830 ​ $ — ​ $ — ​ $ 29,830 December 31, 2019 ​ ​ ​ ​ OREO ​ $ 6,888 ​ $ — ​ $ — ​ $ 6,888 Impaired Loans, net of impairment reserve ​ 6,847 ​ — ​ — ​ 6,847 ​ ​ $ 13,735 ​ $ — ​ $ — ​ $ 13,735 ​ The following is a description of the valuation methodologies used by the Company for the items noted in the table above, including the general classification of such instruments in the fair value hierarchy. For individually evaluated impaired loans, the amount of impairment is based upon the present value of expected future cash flows discounted at the loan’s effective interest rate, the estimated fair value of the underlying collateral for collateral-dependent loans, or the estimated liquidity of the note. For OREO, the fair value is based upon the estimated fair value of the underlying collateral adjusted for the expected costs to sell. The following table shows significant unobservable inputs used in the fair value measurement of Level 3 assets: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Weighted ​ ​ Valuation ​ Unobservable ​ Range of ​ Average ​ ​ Technique ​ Inputs ​ Discounts ​ Discount As of June 30, 2020 ​ ​ ​ ​ ​ ​ ​ ​ ​ Other real estate owned Third party appraisals, sales contracts or brokered price options Collateral discounts and estimated costs to sell 0% - 100% ​ 34.3 % Impaired loans Third party appraisals and discounted cash flows Collateral discounts and discount rates 0% - 100% ​ 6.8 % ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ As of December 31, 2019 ​ ​ Other real estate owned Third party appraisals, sales contracts or brokered price options Collateral discounts and estimated costs to sell 0% - 61% ​ 33.5 % Impaired loans Third party appraisals and discounted cash flows Collateral discounts and discount rates 0% - 100% ​ 6.1 % ​ The following methods and assumptions were used by the Company to estimate fair value of financial instruments. Cash and cash equivalents Securities Loans held for sale Loans Other investments Mortgage servicing rights Cash value of life insurance Deposits Securities sold under repurchase agreements Notes payable and subordinated notes Off-balance-sheet instruments The carrying value and estimated fair value of financial instruments at June 30, 2020 and December 31, 2019 follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Fair Value ​ Carrying ​ ​ ​ ​ ​ ​ ​ ​ June 30, 2020 ​ amount ​ Level 1 ​ Level 2 ​ Level 3 ​ Total Financial assets: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Cash and cash equivalents ​ $ 177,321 ​ $ 177,321 ​ $ — ​ $ — ​ $ 177,321 Securities held to maturity ​ 9,579 ​ — ​ 9,600 ​ — ​ 9,600 Securities available for sale ​ 174,067 ​ — ​ 174,067 ​ — ​ 174,067 Loans held for sale ​ ​ 1,479 ​ ​ — ​ ​ — ​ ​ 1,479 ​ ​ 1,479 Loans, net ​ 2,098,952 ​ — ​ — ​ 2,112,222 ​ 2,112,222 Other investments, at cost ​ 7,838 ​ — ​ — ​ 7,838 ​ 7,838 Mortgage servicing rights ​ 4,126 ​ — ​ 4,126 ​ — ​ 4,126 Cash surrender value of life insurance ​ 30,996 ​ 30,996 ​ — ​ — ​ 30,996 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Deposits ​ $ 2,263,145 ​ $ — ​ $ — ​ $ 2,238,793 ​ $ 2,238,793 Securities sold under repurchase agreements ​ 57,442 ​ — ​ 57,422 ​ — ​ 57,422 Notes payable ​ ​ 25,172 ​ ​ — ​ ​ 25,172 ​ ​ — ​ ​ 25,172 Subordinated notes ​ 18,549 ​ — ​ 18,549 ​ — ​ 18,549 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Fair Value ​ Carrying ​ ​ ​ ​ ​ ​ ​ ​ December 31, 2019 ​ amount ​ Level 1 ​ Level 2 ​ Level 3 ​ Total Financial assets: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Cash and cash equivalents ​ $ 86,452 ​ $ 86,452 ​ $ — ​ $ — ​ $ 86,452 Securities held to maturity ​ 43,734 ​ — ​ 44,803 ​ — ​ 44,803 Securities available for sale ​ 181,506 ​ — ​ 181,506 ​ — ​ 181,506 Loans held for sale ​ ​ 587 ​ ​ — ​ ​ — ​ ​ 587 ​ ​ 587 Loans, net ​ 1,724,947 ​ — ​ — ​ 1,723,542 ​ 1,723,542 Other investments, at cost ​ 4,933 ​ — ​ — ​ 4,933 ​ 4,933 Mortgage servicing rights ​ 4,287 ​ — ​ 4,287 ​ — ​ 4,287 Cash surrender value of life insurance ​ 24,945 ​ 24,945 ​ — ​ — ​ 24,945 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Financial liabilities: ​ ​ ​ ​ ​ Deposits ​ $ 1,843,311 ​ $ — ​ $ — ​ $ 1,783,638 ​ $ 1,783,638 Securities sold under repurchase agreements ​ 45,865 ​ — ​ 45,865 ​ — ​ 45,865 Notes payable ​ ​ 49,790 ​ ​ — ​ ​ 49,790 ​ ​ — ​ ​ 49,790 Subordinated notes ​ 18,622 ​ — ​ 18,622 ​ — ​ 18,622 ​ The fair value of a financial instrument is the current amount that would be exchanged between willing parties, other than in a forced liquidation. Fair value is best determined based upon quoted market prices. However, in many instances, there are no quoted market prices for the Company’s various financial instruments. In cases where quoted market prices are not available, fair values are based on estimates using present value or other valuation techniques. Those techniques are significantly affected by the assumptions used, including the discount rate and estimates of future cash flows. Accordingly, the fair value estimates may not be realized in an immediate settlement of the instrument. Consequently, the aggregate fair value amounts presented may not necessarily represent the underlying fair value of the Company. Fair value estimates are made at a specific point in time based on relevant market information and information about the financial instrument. These estimates do not reflect any premium or discount that could result from offering for sale at one time the Company’s entire holdings of a particular instrument. Because no market exists for a significant portion of the Company’s financial instruments, fair value estimates are based on judgments regarding future expected loss experience, current economic conditions, risk characteristics of various financial instruments, and other factors. These estimates are subjective in nature and involve uncertainties and matters that could affect the estimates. Fair value estimates are based on existing on- and off-balance-sheet financial instruments without attempting to estimate the value of anticipated future business and the value of assets and liabilities that are not considered financial instruments. Deposits with no stated maturities are defined as having a fair value equivalent to the amount payable on demand. This prohibits adjusting fair value derived from retaining those deposits for an expected future period of time. This component, commonly referred to as a deposit base intangible, is neither considered in the above amounts nor is it recorded as an intangible asset on the consolidated balance sheet. Significant assets and liabilities that are not considered financial assets and liabilities include premises and equipment. In addition, the tax ramifications related to the realization of the unrealized gains and losses can have a significant effect on fair value estimates and have not been considered in the estimates.

STOCK BASED COMPENSATION

STOCK BASED COMPENSATION	6 Months Ended
	Jun. 30, 2020
STOCK BASED COMPENSATION
STOCK BASED COMPENSATION	NOTE 12 – STOCK BASED COMPENSATION The Company has made restricted share grants pursuant to the Bank First Corporation 2011 Equity Plan. The purpose of the Plan is to provide financial incentives for selected employees and for the non-employee directors of the Company, thereby promoting the long-term growth and financial success of the Company. The Company stock to be offered under the Plan pursuant to stock appreciation rights, performance unit awards, and restricted stock and unrestricted Company stock awards must be Company stock previously issued and outstanding and reacquired by the Company. The number of shares of Company stock that may be issued pursuant to awards under the Plan shall not exceed, in the aggregate, 659,250. As of June 30, 2020 and December 31, 2019, 204,529 and 177,462 shares of Company stock have been awarded under the Plan, respectively. Compensation expense for restricted stock is based on the fair value of the awards of Bank First Corporation common stock at the time of grant. The value of restricted stock grants that are expected to vest is amortized into expense over the vesting periods. For the six months ended June 30, 2020 and 2019, compensation expense of $0.5 million and $0.3 million, respectively, was recognized related to restricted stock awards. As of June 30, 2020, there was $2.7 million of unrecognized compensation cost related to non-vested restricted stock awards granted under the Plan. That cost is expected to be recognized over a weighted average period of 3.14 years. The aggregate grant date fair value of restricted stock awards that vested during the six months ended June 30, 2020, was approximately $0.7 million. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ For the six months ended June 30, 2020 ​ For the six months ended June 30, 2019 ​ ​ ​ ​ Weighted- ​ ​ ​ Weighted- ​ ​ ​ ​ Average Grant- ​ ​ ​ Average Grant- ​ Shares Date Fair Value Shares Date Fair Value Restricted Stock ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Outstanding at beginning of year 50,676 ​ $ 43.03 51,776 ​ $ 34.27 Granted 27,067 ​ 65.34 17,015 ​ 56.62 Vested (18,623) ​ 37.28 (17,212) ​ 30.54 Forfeited or cancelled (99) ​ 26.50 (176) ​ 22.90 Outstanding at end of year 59,021 ​ $ 52.99 51,403 ​ $ 43.06 ​

LEASES

LEASES	6 Months Ended
	Jun. 30, 2020
LEASES
LEASES	NOTE 13 – LEASES Accounting standards require lessees to recognize leases on-balance sheet and disclose key information about leasing arrangements, establishing a right-of-use (“ROU”) model that requires a lessee to recognize a ROU lease asset and liability on the balance sheet for all leases with a term longer than 12 months. Leases are classified as finance or operating, with classification affecting the pattern and classification of expense recognition in the income statement. Lessee Leases The Company’s lessee leases are operating leases, and consist of leased real estate for branches. Options to extend and renew leases are generally exercised under normal circumstances. Advance notification is required prior to termination, and any noticing period is often limited to the months prior to renewal. Rent escalations are generally specified by a payment schedule, or are subject to a defined formula. The Company also elected the practical expedient to not separate lease and non-lease components for all leases, the majority of which consist of real estate common area maintenance expenses. Generally, leases do not include guaranteed residual values, but instead typically specify that the leased premises are to be returned in satisfactory condition with the Company liable for damages. For operating leases, the lease liability and ROU asset (before adjustments) are recorded at the present value of future lease payments. Accounting standards require the use of the lease interest rate; however, this rate is typically not known. As an alternative, the use of an entity’s fully secured incremental borrowing rate is permitted. The Company is electing to utilize the Wall Street Journal Prime Rate on the date of lease commencement. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Six-month period ended ​ ​ June 30, 2020 ​ June 30, 2019 Amortization of ROU Assets - Operating Leases ​ $ 20 ​ $ 26 ​ Interest on Lease Liabilities - Operating Leases ​ 46 ​ ​ 39 ​ Operating Lease Cost (Cost resulting from lease payments) ​ 66 ​ ​ 65 ​ ROU Assets - Operating Leases at beginning of period ​ ​ 1,699 ​ ​ — ​ New ROU Assets - Operating Leases ​ — ​ ​ 1,744 ​ ROU Assets - Operating Leases at June 30, ​ ​ 1,678 ​ ​ 1,718 ​ Weighted Average Lease Term (Years) - Operating Leases ​ 31.52 ​ ​ 31.63 ​ Weighted Average Discount Rate - Operating Leases ​ 5.50 % ​ 5.50 % ​ A maturity analysis of operating lease liabilities and reconciliation of the undiscounted cash flows to the total operating lease liabilities as of June 30, 2020 is as follows: ​ ​ ​ ​ ​ ​ June 30, 2020 Operating lease payments due: ​ Within one year ​ $ 139 After one but within two years ​ 132 After two but within three years ​ 93 After three but within four years ​ 85 After four years but within five years ​ 85 After five years ​ 3,368 Total undiscounted cash flows ​ 3,902 Discount on cash flows ​ (2,224) Total operating lease liabilities ​ $ 1,678 ​

ACQUISITIONS (Tables)

ACQUISITIONS (Tables)	6 Months Ended
	Jun. 30, 2020
ACQUISITIONS
Schedule of Fair Vlue of Assets And Liabilities	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ As Recorded by ​ ​ As Recorded by ​ ​ Timberwood ​ Fair Value Adjustments ​ the Company Cash, cash equivelants and securities ​ $ 79,614 ​ $ (656) ​ $ 78,958 Other investments ​ 533 ​ ​ 533 Loans ​ 117,343 ​ 1,068 ​ 118,411 Premises and equipment, net ​ 2,538 ​ (1,006) ​ 1,532 Core deposit intangible ​ — ​ 1,697 ​ 1,697 Other assets ​ 11,392 ​ (2,605) ​ 8,787 Total assets acquired ​ $ 211,420 ​ $ (1,502) ​ $ 209,918 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Deposits ​ $ 170,362 ​ $ 742 ​ $ 171,104 Subordinated debt ​ 6,500 ​ ​ 6,500 Other borrowings ​ 12,938 ​ 210 ​ 13,148 Other liabilities ​ 1,923 ​ (974) ​ 949 Total liabilities assumed ​ $ 191,723 ​ $ (22) ​ $ 191,701 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Excess of assets acquired over liabilties assumed ​ $ 19,697 ​ $ (1,480) ​ $ 18,217 Less: purchase price ​ ​ ​ 29,812 Goodwill ​ ​ ​ $ 11,595

EARNINGS PER SHARE (Tables)

EARNINGS PER SHARE (Tables)	6 Months Ended
	Jun. 30, 2020
EARNINGS PER SHARE
Schedule of Earnings Per Common Share	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three Months Ended June 30, ​ Six Months Ended June 30, ​ 2020 2019 2020 2019 Basic ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Net income available to common shareholders ​ $ 8,296 ​ $ 5,989 ​ $ 15,562 ​ $ 12,576 Less: Earnings allocated to participating securities ​ ​ (65) ​ ​ (52) ​ ​ (120) ​ ​ (99) Net income allocated to common shareholders ​ $ 8,231 ​ $ 5,937 ​ $ 15,442 ​ $ 12,477 ​ ​ ​ ​ ​ ​ ​ ​ ​ Weighted average common shares outstanding including participating securities ​ ​ 7,454,201 ​ ​ 6,577,016 ​ ​ 7,268,861 ​ ​ 6,575,696 Less: Participating securities (1) ​ ​ (59,002) ​ ​ (51,990) ​ ​ (56,227) ​ ​ (51,918) Average shares ​ ​ 7,395,199 ​ ​ 6,525,026 ​ ​ 7,212,634 ​ ​ 6,523,778 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Basic earnings per common shares ​ $ 1.11 ​ $ 0.91 ​ $ 2.14 ​ $ 1.91 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Diluted ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Net income available to common shareholders ​ $ 8,296 ​ $ 5,989 ​ $ 15,562 ​ $ 12,576 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Weighted average common shares outstanding for basic earnings per common share ​ ​ 7,395,199 ​ ​ 6,525,026 ​ ​ 7,212,634 ​ ​ 6,523,778 Add: Dilutive effects of stock based compensation awards ​ ​ 10,796 ​ ​ 119,665 ​ ​ 58,558 ​ ​ 88,406 Average shares and dilutive potential common shares ​ ​ 7,405,995 ​ ​ 6,644,691 ​ ​ 7,271,192 ​ ​ 6,612,184 Diluted earnings per common share ​ $ 1.11 ​ $ 0.90 ​ $ 2.13 ​ $ 1.89 (1) Participating securities are restricted stock awards whereby the stock certificates have been issued, are included in outstanding shares, receive dividends and can be voted, but have not vested.

SECURITIES (Tables)

SECURITIES (Tables)	6 Months Ended
	Jun. 30, 2020
SECURITIES
Schedule of securities available for sale	The Company’s securities available for sale as of June 30, 2020 and December 31, 2019 is summarized as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Gross Gross ​ ​ ​ Amortized ​ Unrealized ​ Unrealized ​ Estimated ​ ​ Cost ​ Gains ​ Losses ​ Fair Value ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ June 30, 2020 ​ ​ ​ ​ Obligations of U.S. Government sponsored agencies ​ $ 14,045 ​ $ 556 ​ $ (2) ​ $ 14,599 Obligations of states and political subdivisions ​ ​ 71,446 ​ ​ 3,799 ​ ​ (19) ​ ​ 75,226 Mortgage-backed securities ​ 51,171 ​ 2,940 ​ — ​ 54,111 Corporate notes ​ 27,291 ​ 221 ​ — ​ 27,512 Certificates of deposit ​ ​ 2,580 ​ ​ 39 ​ ​ — ​ ​ 2,619 Total available for sale securities ​ $ 166,533 ​ $ 7,555 ​ $ (21) ​ $ 174,067 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, 2019 ​ ​ ​ ​ Obligations of U.S. Government sponsored agencies ​ $ 12,218 ​ $ — ​ $ (158) ​ $ 12,060 Obligations of states and political subdivisions ​ ​ 52,594 ​ ​ 2,197 ​ ​ (20) ​ ​ 54,771 Mortgage-backed securities ​ 50,770 ​ 988 ​ (38) ​ 51,720 Corporate notes ​ 62,794 ​ 172 ​ (11) ​ 62,955 Total available for sale securities ​ $ 178,376 ​ $ 3,357 ​ $ (227) ​ $ 181,506
Schedule of securities held to maturity	The Company’s securities held to maturity as of June 30, 2020 and December 31, 2019 is summarized as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Gross Gross ​ ​ ​ ​ Amortized ​ Unrealized ​ Unrealized ​ Estimated ​ ​ Cost ​ Gains ​ Losses ​ Fair Value ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ June 30, 2020 ​ ​ ​ ​ Obligations of states and political subdivisions ​ $ 9,579 ​ $ 21 ​ $ — ​ $ 9,600 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, 2019 ​ ​ ​ ​ U.S. Treasury securities ​ $ 33,527 ​ $ 1,076 ​ $ (22) ​ $ 34,581 Obligations of states and political subdivisions ​ 10,207 ​ 15 ​ — ​ 10,222 Total held to maturity securities ​ $ 43,734 ​ $ 1,091 ​ $ (22) ​ $ 44,803
Schedule of fair value and gross unrealized lossess of securities	The following table shows the fair value and gross unrealized losses of securities with unrealized losses, aggregated by investment category and length of time that individual securities have been in a continuous unrealized loss position: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Less Than 12 Months ​ Greater Than 12 Months ​ Total ​ ​ Fair ​ Unrealized ​ Fair ​ Unrealized ​ Fair ​ Unrealized ​ Value Losses Value Losses Value Losses ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ June 30, 2020 - Available for Sale ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Obligations of U.S. Government sponsored agencies ​ $ 615 ​ $ (2) ​ $ — ​ $ — ​ $ 615 ​ $ (2) Obligations of states and political subdivisions ​ ​ 2,540 ​ ​ (19) ​ ​ — ​ ​ — ​ ​ 2,540 ​ ​ (19) Totals ​ $ 3,155 ​ $ (21) ​ $ — ​ $ — ​ $ 3,155 ​ $ (21) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, 2019 - Available for Sale ​ ​ ​ ​ ​ ​ Obligations of U.S. Government sponsored agencies ​ $ 12,059 ​ $ (158) ​ $ — ​ $ — ​ $ 12,059 ​ $ (158) Obligations of states and political subdivisions ​ ​ 5,636 ​ ​ (19) ​ ​ 999 ​ ​ (1) ​ ​ 6,635 ​ ​ (20) Mortgage-backed securities ​ 4,038 ​ (26) ​ 2,187 ​ (12) ​ 6,225 ​ (38) Corporate notes ​ 3,925 ​ (11) ​ — ​ — ​ 3,925 ​ (11) Totals ​ $ 25,658 ​ $ (214) ​ $ 3,186 ​ $ (13) ​ $ 28,844 ​ $ (227) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, 2019 - Held to Maturity ​ ​ ​ ​ ​ ​ U.S. Treasury securities ​ $ 2,958 ​ $ (22) ​ $ — ​ $ — ​ $ 2,958 ​ $ (22)
Schedule of amortized cost and estimated fair value of securities	The following is a summary of amortized cost and estimated fair value of securities by contractual maturity as of June 30, 2020. Contractual maturities will differ from expected maturities for mortgage-backed securities because borrowers may have the right to call or prepay obligations without penalties. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Available for Sale ​ Held to Maturity ​ ​ Amortized ​ Estimated ​ Amortized ​ Estimated ​ Cost Fair Value Cost Fair Value Due in one year or less ​ $ 13,794 ​ $ 13,856 ​ $ 751 ​ $ 751 Due after one year through 5 years ​ 12,529 ​ 13,063 ​ 3,524 ​ 3,545 Due after 5 years through ten years ​ 11,149 ​ 11,691 ​ 2,395 ​ 2,395 Due after 10 years ​ 77,890 ​ 81,346 ​ 2,909 ​ 2,909 Subtotal ​ 115,362 ​ 119,956 ​ 9,579 ​ 9,600 Mortgage-backed securities ​ 51,171 ​ 54,111 ​ — ​ — Total ​ $ 166,533 ​ $ 174,067 ​ $ 9,579 ​ $ 9,600 ​
Schedule of proceeds from sale of securities available for sale and held to maturity	The following is a summary of the proceeds from sales of securities available for sale and held to maturity, as well as gross gains and losses for the six months ended June 30, 2020 and 2019. ​ ​ ​ ​ ​ ​ ​ ​ ​ 2020 2019 Proceeds from sales of securities ​ $ 59,697 ​ $ 748 Gross gains on sales ​ 3,284 ​ 23 Gross losses on sales ​ (51) ​ —

LOANS, ALLOWANCE FOR LOAN LOS_2

LOANS, ALLOWANCE FOR LOAN LOSSES, AND CREDIT QUALITY (Tables)	6 Months Ended
	Jun. 30, 2020
LOANS, ALLOWANCE FOR LOAN LOSSES, AND CREDIT QUALITY
Schedule of total loans by portfolio segment and class of loan	The following table presents total loans by portfolio segment and class of loan as of June 30, 2020 and December 31, 2019: ​ ​ ​ ​ ​ ​ ​ ​ ​ June 30, December 31, ​ ​ 2020 ​ 2019 ​ ​ ​ ​ ​ ​ ​ Commercial/industrial ​ $ 574,052 ​ $ 302,538 Commercial real estate - owner occupied ​ 525,908 ​ 459,782 Commercial real estate - non-owner occupied ​ 410,931 ​ 353,723 Construction and development ​ 126,653 ​ 132,296 Residential 1‑4 family ​ 451,070 ​ 448,605 Consumer ​ 28,532 ​ 29,462 Other ​ 5,365 ​ 10,440 Subtotals ​ 2,122,511 ​ 1,736,846 ALL ​ (16,071) ​ (11,396) Loans, net of ALL ​ 2,106,440 ​ 1,725,450 Deferred loan fees and costs ​ (7,488) ​ (503) Loans, net ​ $ 2,098,952 ​ $ 1,724,947
Schedule of ALL by loan type	The ALL by loan type as of June 30, 2020 and 2019 is summarized as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Commercial ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Commercial ​ Real Estate - ​ Construction ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Commercial / ​ Real Estate - ​ Non – Owner ​ and ​ Residential ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Industrial ​ Owner Occupied ​ Occupied ​ Development ​ 1 ‑ 4 Family ​ Consumer ​ Other ​ Unallocated ​ Total ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ALL - January 1, 2020 ​ $ 2,320 ​ $ 4,587 ​ $ 1,578 ​ $ 548 ​ $ 2,169 ​ $ 141 ​ $ 53 ​ $ 291 ​ $ 11,396 Charge-offs ​ (8) ​ (101) ​ — ​ — ​ (59) ​ — ​ (9) ​ — ​ (177) Recoveries ​ 1 ​ 640 ​ 40 ​ — ​ 37 ​ — ​ 9 ​ — ​ 727 Provision ​ 235 ​ 905 ​ 2,180 ​ 224 ​ 558 ​ 19 ​ 4 ​ (280) ​ 4,125 ALL - June 30, 2020 ​ 2,548 ​ 6,031 ​ 3,798 ​ 772 ​ 2,705 ​ 160 ​ 57 ​ 11 ​ 16,071 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ALL ending balance individually evaluated for impairment ​ 702 ​ 525 ​ 1,469 ​ — ​ — ​ — ​ — ​ — ​ 2,696 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ALL ending balance collectively evaluated for impairment ​ $ 1,846 ​ $ 5,506 ​ $ 2,329 ​ $ 772 ​ $ 2,705 ​ $ 160 ​ $ 57 ​ $ 236 ​ $ 13,375 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Loans outstanding - June 30, 2020 ​ $ 574,052 ​ $ 525,908 ​ $ 410,931 ​ $ 126,653 ​ $ 451,070 ​ $ 28,532 ​ $ 5,365 ​ $ — ​ $ 2,122,511 Loans ending balance individually evaluated for impairment ​ 1,973 ​ 10,860 ​ 7,987 ​ — ​ — ​ — ​ — ​ — ​ 20,820 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Loans ending balance collectively evaluated for impairment ​ $ 572,079 ​ $ 515,048 ​ $ 402,944 ​ $ 126,653 ​ $ 451,070 ​ $ 28,532 ​ $ 5,365 ​ $ — ​ $ 2,101,691 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Commercial ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Commercial ​ Real Estate - ​ Construction ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Commercial / ​ Real Estate – ​ Non – Owner ​ and ​ Residential ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Industrial ​ Owner Occupied ​ Occupied ​ Development ​ 1 ‑ 4 Family ​ Consumer ​ Other ​ Unallocated ​ Total ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ALL - January 1, 2019 ​ $ 3,021 ​ $ 3,750 ​ $ 2,100 ​ $ 725 ​ $ 2,472 ​ $ 148 ​ $ 32 ​ $ 521 ​ $ 12,248 Charge-offs ​ (594) ​ (659) ​ (54) ​ — ​ (11) ​ (11) ​ (8) ​ — ​ (1,337) Recoveries ​ 1 ​ 2 ​ 1 ​ — ​ 122 ​ 4 ​ 4 ​ — ​ 134 Provision ​ (285) ​ 2,380 ​ (99) ​ (314) ​ (556) ​ (2) ​ 1 ​ (285) ​ 1,125 ALL - June 30, 2019 ​ 2,143 ​ 5,473 ​ 1,948 ​ 411 ​ 2,027 ​ 139 ​ 29 ​ 236 ​ 12,170 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ALL ending balance individually evaluated for impairment ​ — ​ 2,285 ​ — ​ — ​ — ​ — ​ — ​ — ​ 2,285 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ALL ending balance collectively evaluated for impairment ​ $ 2,143 ​ $ 3,188 ​ $ 1,948 ​ $ 411 ​ $ 2,027 ​ $ 139 ​ $ 29 ​ $ 236 ​ $ 9,885 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Loans outstanding - ​ ​ ​ ​ ​ ​ ​ ​ ​ June 30, 2019 ​ $ 271,838 ​ $ 415,451 ​ $ 255,072 ​ $ 73,522 ​ $ 370,261 ​ $ 28,138 ​ $ 5,493 ​ $ — ​ $ 1,419,775 Loans ending balance individually evaluated for impairment ​ — ​ 9,992 ​ — ​ — ​ 176 ​ — ​ — ​ — ​ 10,168 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Loans ending balance collectively evaluated for impairment ​ $ 271,838 ​ $ 405,459 ​ $ 255,072 ​ $ 73,522 ​ $ 370,085 ​ $ 28,138 ​ $ 5,493 ​ $ — ​ $ 1,409,607
Schedule of past due loans	The Company’s past due loans as of June 30, 2020 is summarized as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 90 Days ​ ​ ​ ​ ​ ​ 30 ‑ 89 Days ​ or more ​ ​ ​ ​ ​ ​ ​ ​ Past Due ​ Past Due ​ ​ ​ ​ ​ ​ ​ ​ Accruing ​ and Accruing ​ Non-Accrual ​ Total ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Commercial/industrial ​ $ — ​ $ — ​ $ 1,989 ​ $ 1,989 Commercial real estate - owner occupied ​ 73 ​ — ​ 12,253 ​ 12,326 Commercial real estate - non-owner occupied ​ — ​ — ​ 7,522 ​ 7,522 Construction and development ​ 319 ​ — ​ — ​ 319 Residential 1‑4 family ​ 220 ​ 78 ​ 1,241 ​ 1,539 Consumer ​ 21 ​ 2 ​ 32 ​ 55 Other ​ — ​ — ​ — ​ — ​ ​ $ 633 ​ $ 80 ​ $ 23,037 ​ $ 23,750 ​ The Company’s past due loans as of December 31, 2019 is summarized as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 90 Days ​ ​ ​ ​ ​ ​ 30 ‑ 89 Days ​ or more ​ ​ ​ ​ ​ ​ ​ ​ Past Due ​ Past Due ​ ​ ​ ​ ​ ​ ​ ​ Accruing ​ and Accruing ​ Non-Accrual ​ Total ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Commercial/industrial ​ $ 235 ​ $ — ​ $ 1,923 ​ $ 2,158 Commercial real estate - owner occupied ​ 1,124 ​ — ​ 2,513 ​ 3,637 Commercial real estate - non-owner occupied ​ — ​ — ​ 75 ​ 75 Construction and development ​ 768 ​ 11 ​ — ​ 779 Residential 1‑4 family ​ 805 ​ 307 ​ 550 ​ 1,662 Consumer ​ 70 ​ 36 ​ 32 ​ 138 Other ​ — ​ — ​ — ​ — ​ ​ $ 3,002 ​ $ 354 ​ $ 5,093 ​ $ 8,449
Schedule of loans by risk rating	The breakdown of loans by risk rating as of June 30, 2020 is as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Pass (1 ‑ 5) 6 7 8 Total ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Commercial/industrial ​ $ 565,623 ​ $ 3,046 ​ $ 5,383 ​ $ — ​ $ 574,052 Commercial real estate - owner occupied ​ 482,490 ​ 9,944 ​ 33,474 ​ — ​ 525,908 Commercial real estate - non-owner occupied ​ 400,361 ​ — ​ 10,570 ​ — ​ 410,931 Construction and development ​ 126,513 ​ — ​ 140 ​ — ​ 126,653 Residential 1‑4 family ​ 449,056 ​ — ​ 2,014 ​ — ​ 451,070 Consumer ​ 28,500 ​ — ​ 32 ​ — ​ 28,532 Other ​ 4,804 ​ 561 ​ — ​ — ​ 5,365 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ $ 2,057,347 ​ $ 13,551 ​ $ 51,613 ​ $ — ​ $ 2,122,511 ​ The breakdown of loans by risk rating as of December 31, 2019 is as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Pass (1 ‑ 5) 6 7 8 Total ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Commercial/industrial ​ $ 290,180 ​ $ 5,329 ​ $ 7,029 ​ $ — ​ $ 302,538 Commercial real estate - owner occupied ​ 422,336 ​ 5,603 ​ 31,843 ​ — ​ 459,782 Commercial real estate - non-owner occupied ​ 344,278 ​ 8,774 ​ 671 ​ — ​ 353,723 Construction and development ​ 132,266 ​ — ​ 30 ​ — ​ 132,296 Residential 1‑4 family ​ 447,630 ​ 256 ​ 719 ​ — ​ 448,605 Consumer ​ 29,430 ​ — ​ 32 ​ — ​ 29,462 Other ​ 10,440 ​ — ​ — ​ — ​ 10,440 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ $ 1,676,560 ​ $ 19,962 ​ $ 40,324 ​ $ — ​ $ 1,736,846
Schedule of impaired loans individually	A summary of impaired loans individually evaluated as of June 30, 2020 is as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Commercial Commercial ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Real Estate - ​ Real Estate - ​ Construction ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Commercial/ ​ Owner ​ Non – Owner ​ and ​ Residential ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Industrial ​ Occupied ​ Occupied ​ Development ​ 1-4 Family ​ Consumer ​ Other ​ Unallocated ​ Total ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ With an allowance recorded: ​ ​ ​ ​ ​ ​ ​ ​ ​ Recorded investment ​ $ 1,973 ​ $ 5,681 ​ $ 7,987 ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ 15,641 Unpaid principal balance ​ 1,973 ​ 5,681 ​ 7,987 ​ — ​ — ​ — ​ — ​ — ​ 15,641 Related allowance ​ 702 ​ 525 ​ 1,469 ​ — ​ — ​ — ​ — ​ — ​ 2,696 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ With no related allowance recorded: ​ ​ ​ ​ ​ ​ ​ ​ ​ Recorded investment ​ $ — ​ $ 5,179 ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ 5,179 Unpaid principal balance ​ — ​ 5,179 ​ — ​ — ​ — ​ — ​ — ​ — ​ 5,179 Related allowance ​ — ​ — ​ — ​ — ​ — ​ — ​ — ​ — ​ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total: ​ ​ ​ ​ ​ ​ ​ ​ ​ Recorded investment ​ $ 1,973 ​ $ 10,860 ​ $ 7,987 ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ 20,820 Unpaid principal balance ​ 1,973 ​ 10,860 ​ 7,987 ​ — ​ — ​ — ​ — ​ — ​ 20,820 Related allowance ​ 702 ​ 525 ​ 1,469 ​ — ​ — ​ — ​ — ​ — ​ 2,696 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Average recorded investment ​ $ 1,926 ​ $ 7,379 ​ $ 3,994 ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ 13,299 ​ A summary of impaired loans individually evaluated as of December 31, 2019 is as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Commercial Commercial ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Real Estate - ​ Real Estate - ​ Construction ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Commercial/ ​ Owner ​ Non – Owner ​ and ​ Residential ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Industrial ​ Occupied ​ Occupied ​ Development ​ 1 ‑ 4 Family ​ Consumer ​ Other ​ Total ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ With an allowance recorded: ​ ​ ​ ​ ​ ​ ​ ​ Recorded investment ​ $ 1,878 ​ $ 960 ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ 2,838 Unpaid principal balance ​ 1,878 ​ 960 ​ — ​ — ​ — ​ — ​ — ​ 2,838 Related allowance ​ 760 ​ 80 ​ — ​ — ​ — ​ — ​ — ​ 840 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ With no related allowance recorded: ​ ​ ​ ​ ​ ​ ​ ​ Recorded investment ​ $ — ​ $ 2,938 ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ 2,938 Unpaid principal balance ​ — ​ 2,938 ​ — ​ — ​ — ​ — ​ — ​ 2,938 Related allowance ​ — ​ — ​ — ​ — ​ — ​ — ​ — ​ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total: ​ ​ ​ ​ ​ ​ ​ ​ Recorded investment ​ $ 1,878 ​ $ 3,898 ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ 5,776 Unpaid principal balance ​ 1,878 ​ 3,898 ​ — ​ — ​ — ​ — ​ — ​ 5,776 Related allowance ​ 760 ​ 80 ​ — ​ — ​ — ​ — ​ — ​ 840 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Average recorded investment ​ $ 3,773 ​ $ 5,847 ​ $ — ​ $ — ​ $ 351 ​ $ — ​ $ — ​ $ 9,971
Schedule of Change in the accretable and non accretable Components of Discounts on Loans	The following table represents the change in the accretable and non-accretable components of discounts on loans acquired with deteriorated credit quality for the six months ended June 30, 2020, and year ended December 31, 2019: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ June 30, 2020 ​ December 31, 2019 ​ ​ Accretable ​ Non-accretable ​ Accretable ​ Non-accretable ​ discount discount discount discount ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Balance at beginning of period ​ $ 222 ​ $ 220 ​ $ 318 ​ $ 745 Acquired balance, net ​ 1,064 ​ 727 ​ 44 ​ 333 Reclassifications between accretable and non-accretable ​ 11 ​ (11) ​ 858 ​ (858) Accretion to loan interest income ​ (29) ​ — ​ (998) ​ — Balance at end of period ​ $ 1,268 ​ $ 936 ​ $ 222 ​ $ 220
Schedule of troubled debt restructurings	The following table presents the TDRs during the six months ended June 30, 2020. There were no TDRs during the same period in 2019. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Pre-Modification Post-Modification ​ ​ ​ ​ Outstanding ​ Outstanding ​ ​ Number of ​ Recorded ​ Recorded ​ ​ Contracts ​ Investment ​ Investment Commerical Real Estate ​ 1 ​ $ 115 ​ $ 115
Financial Asset Acquired with Credit Deterioration [Member]
LOANS, ALLOWANCE FOR LOAN LOSSES, AND CREDIT QUALITY
Schedule of impaired loans individually	The following table presents loans acquired with deteriorated credit quality as of June 30, 2020 and December 31, 2019. No loans in this table had a related allowance at either date, and therefore, the below disclosures were not expanded to include loans with and without a related allowance. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ June 30, 2020 ​ December 31, 2019 ​ ​ ​ Unpaid ​ ​ Unpaid ​ ​ Recorded ​ Principal ​ Recorded ​ Principal ​ ​ Investment ​ Balance ​ Investment ​ Balance Commercial & Industrial ​ $ 1,265 ​ $ 1,393 ​ $ 191 ​ $ 212 Commercial real estate - owner occupied ​ 5,414 ​ 7,190 ​ 518 ​ 785 Commercial real estate - non-owner occupied ​ 1,244 ​ 1,409 ​ — ​ — Construction and development ​ 94 ​ 104 ​ 213 ​ 237 Residential 1‑4 family ​ 888 ​ 1,013 ​ 901 ​ 1,031 Consumer ​ — ​ — ​ — ​ — Other ​ — ​ — ​ — ​ — ​ ​ $ 8,905 ​ $ 11,109 ​ $ 1,823 ​ $ 2,265

MORTGAGE SERVICING RIGHTS (Tabl

MORTGAGE SERVICING RIGHTS (Tables)	6 Months Ended
	Jun. 30, 2020
MORTGAGE SERVICING RIGHTS
Schedule of analysis of activity in the MSR asset	Following is an analysis of activity in the MSR asset: ​ ​ ​ ​ ​ ​ ​ ​ ​ Six Months Ended Year Ended ​ ​ June 30, 2020 ​ December 31, 2019 ​ ​ ​ ​ ​ ​ ​ Fair value at beginning of year ​ $ 4,287 ​ $ 3,085 MSR asset acquired ​ ​ 384 ​ ​ 1,859 Servicing asset additions ​ 713 ​ 740 Loan payments and payoffs ​ (705) ​ (821) Changes in valuation inputs and assumptions used in the valuation model ​ (553) ​ (576) Amount recognized through earnings ​ (545) ​ (657) Fair value at end of period ​ $ 4,126 ​ $ 4,287 ​ ​ ​ ​ ​ ​ ​ Unpaid principal balance of loans serviced for others ​ $ 643,676 ​ $ 554,374 MSR as a percent of loans serviced for others ​ 0.64 ​ 0.77

NOTES PAYABLE (Tables)

NOTES PAYABLE (Tables)	6 Months Ended
	Jun. 30, 2020
NOTES PAYABLE
Schedule of advance rate and maturities	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ June 30, December 31, ​ ​ Maturity ​ Rate ​ ​ 2020 ​ ​ 2019 ​ ​ ​ ​ ​ ​ (dollars in thousands) Fixed rate, fixed term 01/27/2020 1.42 % $ — ​ $ 1,000 Fixed rate, fixed term 11/02/2020 1.28 % 400 ​ 400 Fixed rate, fixed term 11/02/2020 2.83 % 500 ​ — Fixed rate, fixed term 12/08/2020 2.76 % 500 ​ — Fixed rate, fixed term 12/28/2020 2.07 % 250 ​ — Fixed rate, fixed term 01/22/2021 1.67 % 2,000 ​ 2,000 Fixed rate, fixed term 01/25/2021 2.37 % 5,000 ​ 5,000 Fixed rate, fixed term 01/27/2021 1.60 % 1,000 ​ 1,000 Fixed rate, fixed term 03/29/2021 0.00 % 2,377 ​ — Fixed rate, fixed term ​ 05/03/2021 ​ 2.87 % ​ 500 ​ ​ — Fixed rate, fixed term ​ 05/03/2021 ​ 0.00 % ​ 4,000 ​ ​ — Fixed rate, fixed term ​ 05/03/2021 ​ 0.00 % ​ 4,000 ​ ​ — Fixed rate, fixed term ​ 06/28/2021 ​ 2.00 % ​ 250 ​ ​ — Fixed rate, fixed term ​ 11/03/2021 ​ 1.46 % ​ 400 ​ ​ 400 Fixed rate, fixed term ​ 12/08/2021 ​ 2.87 % ​ 500 ​ ​ — Fixed rate, fixed term ​ 12/27/2021 ​ 1.99 % ​ 250 ​ ​ — Fixed rate, fixed term ​ 01/24/2022 ​ 2.51 % ​ 250 ​ ​ — Fixed rate, fixed term ​ 05/02/2022 ​ 2.98 % ​ 500 ​ ​ — Fixed rate, fixed term ​ 06/08/2022 ​ 2.92 % ​ 500 ​ ​ — Fixed rate, fixed term ​ 08/08/2022 ​ 1.76 % ​ — ​ ​ 10,000 Fixed rate, fixed term ​ 11/21/2022 ​ 3.02 % ​ 600 ​ ​ — Fixed rate, fixed term ​ 08/08/2023 ​ 1.74 % ​ — ​ ​ 10,000 Fixed rate, fixed term ​ 11/21/2023 ​ 3.06 % ​ 600 ​ ​ — Fixed rate, fixed term ​ 08/08/2024 ​ 1.75 % ​ — ​ ​ 10,000 Fixed rate, fixed term ​ 01/04/2027 ​ 0.00 % ​ 103 ​ ​ — Fixed rate, fixed term ​ 04/22/2030 ​ 0.00 % ​ 508 ​ ​ — ​ ​ ​ ​ ​ ​ ​ 24,988 ​ ​ 39,800 Adjustment due to purchase accounting ​ ​ ​ ​ ​ ​ 184 ​ ​ (10) ​ ​ ​ ​ ​ ​ $ 25,172 ​ $ 39,790
Schedule of Future maturities of borrowings	​ ​ ​ ​ ​ ​ ​ ​ ​ June 30, December 31, ​ ​ 2020 ​ 2019 1 year or less ​ $ 20,777 ​ $ 1,400 1 to 2 years ​ 2,400 ​ 8,400 2 to 3 years ​ 600 ​ 10,000 3 to 4 years ​ 600 ​ 10,000 4 to 5 years ​ — ​ 10,000 Over 5 years ​ ​ 611 ​ ​ — ​ ​ $ 24,988 ​ $ 39,800

REGULATORY MATTERS (Tables)

REGULATORY MATTERS (Tables)	6 Months Ended
	Jun. 30, 2020
REGULATORY MATTERS
Schedule of Actual and required capital amounts and ratios	Actual and required capital amounts and ratios are presented below at period-end: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ To Be Well ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Minimum Capital ​ Capitalized Under ​ ​ ​ ​ ​ ​ ​ For Capital ​ Adeqaucy with ​ Prompt Corrective ​ ​ Actual ​ Adequacy Purposes ​ Capital Buffer ​ Action Provisions ​ Amount Ratio Amount Ratio Amount Ratio Amount Ratio ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ June 30, 2020 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total capital (to risk-weighted assets): ​ ​ ​ ​ ​ Corporation ​ $ 243,784 11.57 % ​ NA NA ​ NA NA ​ NA NA ​ Bank ​ $ 240,638 11.42 % $ 168,605 8.00 % $ 221,294 10.50 % $ 210,757 10.00 % Tier 1 capital (to risk-weighted assets): ​ ​ ​ ​ ​ ​ Corporation ​ $ 209,164 9.92 % NA NA ​ NA NA ​ NA NA ​ Bank ​ $ 224,567 10.66 % $ 126,454 6.00 % $ 179,143 8.50 % $ 168,605 8.00 % Common Equity Tier 1 capital (to risk-weighted assets): ​ ​ ​ ​ ​ Corporation ​ $ 209,164 9.92 % NA NA ​ NA NA ​ NA NA ​ Bank ​ $ 224,567 10.66 % $ 94,840 4.50 % $ 147,530 7.00 % $ 136,992 6.50 % Tier 1 capital (to average assets): ​ ​ ​ ​ ​ Corporation ​ $ 209,164 8.50 % NA NA ​ NA NA ​ NA NA ​ Bank ​ $ 224,567 9.18 % $ 97,879 4.00 % $ 97,879 4.00 % $ 122,349 5.00 % December 31, 2019 ​ ​ ​ ​ ​ Total capital (to risk-weighted assets): ​ ​ ​ ​ ​ Corporation ​ $ 208,900 10.35 % NA NA ​ NA NA ​ NA NA ​ Bank ​ $ 215,347 10.69 % $ 161,163 8.00 % $ 211,527 10.50 % $ 201,454 10.00 % Tier 1 capital (to risk-weighted assets): ​ ​ ​ ​ ​ Corporation ​ $ 178,882 8.86 % NA NA ​ NA NA ​ NA NA ​ Bank ​ $ 203,951 10.12 % $ 120,872 6.00 % $ 171,236 8.50 % $ 161,163 8.00 % Common Equity Tier 1 capital (to risk-weighted assets): ​ ​ ​ ​ ​ Corporation ​ $ 178,882 8.86 % NA NA ​ NA NA ​ NA NA ​ Bank ​ $ 203,951 10.12 % $ 90,654 4.50 % $ 141,018 7.00 % $ 130,945 6.50 % Tier 1 capital (to average assets): ​ ​ ​ ​ ​ Corporation ​ $ 178,882 8.46 % NA NA ​ NA NA ​ NA NA ​ Bank ​ $ 203,951 9.67 % $ 84,390 4.00 % ​ 84,390 4.00 % $ 105,487 5.00 %

COMMITMENTS AND CONTINGENCIES (

COMMITMENTS AND CONTINGENCIES (Tables)	6 Months Ended
	Jun. 30, 2020
COMMITMENTS AND CONTINGENCIES
Schedule of Commitments and contingencies outstanding	The following commitments were outstanding: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Notional Amount ​ June 30, 2020 December 31, 2019 Commitments to extend credit: ​ ​ ​ ​ ​ ​ Fixed ​ $ 68,022 ​ $ 49,741 Variable ​ 377,052 ​ 333,468 Credit card arrangements ​ 9,719 ​ 11,148 Letters of credit ​ 7,501 ​ 17,121

FAIR VALUE MEASUREMENTS (Tables

FAIR VALUE MEASUREMENTS (Tables)	6 Months Ended
	Jun. 30, 2020
FAIR VALUE MEASUREMENTS
Schedule of fair value of assets measured at fair value on a recurring basis	Information regarding the fair value of assets measured at fair value on a recurring basis is as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Instruments ​ Markets ​ Other ​ Significant ​ ​ Measured ​ for Identical ​ Observable ​ Unobservable ​ ​ At Fair ​ Assets ​ Inputs ​ Inputs ​ Value (Level 1) (Level 2) (Level 3) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ June 30, 2020 ​ ​ ​ ​ Assets ​ ​ ​ ​ Securities available for sale ​ ​ ​ ​ Obligations of U.S. Government sponsored agencies ​ $ 14,599 ​ $ — ​ $ 14,599 ​ $ — Obligations of states and political subdivisions ​ ​ 75,226 ​ ​ — ​ ​ 75,226 ​ ​ — Mortgage-backed securities ​ 54,111 ​ — ​ 54,111 ​ — Corporate notes ​ 27,512 ​ — ​ 27,512 ​ — Certificates of deposit ​ ​ 2,619 ​ ​ — ​ ​ 2,619 ​ ​ — Mortgage servicing rights ​ 4,126 ​ — ​ 4,126 ​ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, 2019 ​ ​ ​ ​ Assets ​ ​ ​ ​ Securities available for sale ​ ​ ​ ​ Obligations of U.S. Government sponsored agencies ​ $ 12,060 ​ $ — ​ $ 12,060 ​ $ — Obligations of states and political subdivisions ​ ​ 54,771 ​ ​ — ​ ​ 54,771 ​ ​ — Mortgage-backed securities ​ 51,720 ​ — ​ 51,720 ​ — Corporate notes ​ 62,955 ​ — ​ 62,955 ​ — Mortgage servicing rights ​ 4,287 ​ — ​ 4,287 ​ —
Schedule of fair value of assets measured on a recurring basis using significant unobservable inputs	There were no assets measured on a recurring basis using significant unobservable inputs (Level 3). ​ ​ ​ ​ ​ ​ ​ ​ ​ June 30, 2020 December 31, 2019 ​ ​ ​ ​ ​ ​ ​ Total securities at beginning of period ​ $ — ​ $ 400 Included in earnings ​ — ​ — Included in other comprehensive income ​ — ​ — Purchases, issuance, and settlements ​ — ​ (400) Transfer in and/or out of level 3 ​ — ​ — Total securities at end of period ​ $ — ​ $ —
Schedule of fair value of assets measured on a non-recurring basis	Information regarding the fair value of assets measured at fair value on a non-recurring basis is as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Quoted Prices ​ ​ ​ ​ ​ ​ ​ ​ ​ In Active ​ Significant ​ ​ ​ ​ ​ Assets ​ Markets ​ Other ​ Significant ​ ​ Measured ​ for Identical ​ Observable ​ Unobservable ​ ​ At Fair ​ Assets ​ Inputs ​ Inputs ​ ​ Value ​ (Level 1) ​ (Level 2) ​ (Level 3) June 30, 2020 ​ ​ ​ ​ OREO ​ $ 2,269 ​ $ — ​ $ — ​ $ 2,269 Impaired Loans, net of impairment reserve ​ 27,561 ​ — ​ — ​ 27,561 ​ ​ $ 29,830 ​ $ — ​ $ — ​ $ 29,830 December 31, 2019 ​ ​ ​ ​ OREO ​ $ 6,888 ​ $ — ​ $ — ​ $ 6,888 Impaired Loans, net of impairment reserve ​ 6,847 ​ — ​ — ​ 6,847 ​ ​ $ 13,735 ​ $ — ​ $ — ​ $ 13,735
Schedule of fair value measurement on inputs and valuation techniques	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Weighted ​ ​ Valuation ​ Unobservable ​ Range of ​ Average ​ ​ Technique ​ Inputs ​ Discounts ​ Discount As of June 30, 2020 ​ ​ ​ ​ ​ ​ ​ ​ ​ Other real estate owned Third party appraisals, sales contracts or brokered price options Collateral discounts and estimated costs to sell 0% - 100% ​ 34.3 % Impaired loans Third party appraisals and discounted cash flows Collateral discounts and discount rates 0% - 100% ​ 6.8 % ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ As of December 31, 2019 ​ ​ Other real estate owned Third party appraisals, sales contracts or brokered price options Collateral discounts and estimated costs to sell 0% - 61% ​ 33.5 % Impaired loans Third party appraisals and discounted cash flows Collateral discounts and discount rates 0% - 100% ​ 6.1 %
Schedule of carrying value and estimated fair value of financial instruments	The carrying value and estimated fair value of financial instruments at June 30, 2020 and December 31, 2019 follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Fair Value ​ Carrying ​ ​ ​ ​ ​ ​ ​ ​ June 30, 2020 ​ amount ​ Level 1 ​ Level 2 ​ Level 3 ​ Total Financial assets: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Cash and cash equivalents ​ $ 177,321 ​ $ 177,321 ​ $ — ​ $ — ​ $ 177,321 Securities held to maturity ​ 9,579 ​ — ​ 9,600 ​ — ​ 9,600 Securities available for sale ​ 174,067 ​ — ​ 174,067 ​ — ​ 174,067 Loans held for sale ​ ​ 1,479 ​ ​ — ​ ​ — ​ ​ 1,479 ​ ​ 1,479 Loans, net ​ 2,098,952 ​ — ​ — ​ 2,112,222 ​ 2,112,222 Other investments, at cost ​ 7,838 ​ — ​ — ​ 7,838 ​ 7,838 Mortgage servicing rights ​ 4,126 ​ — ​ 4,126 ​ — ​ 4,126 Cash surrender value of life insurance ​ 30,996 ​ 30,996 ​ — ​ — ​ 30,996 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Deposits ​ $ 2,263,145 ​ $ — ​ $ — ​ $ 2,238,793 ​ $ 2,238,793 Securities sold under repurchase agreements ​ 57,442 ​ — ​ 57,422 ​ — ​ 57,422 Notes payable ​ ​ 25,172 ​ ​ — ​ ​ 25,172 ​ ​ — ​ ​ 25,172 Subordinated notes ​ 18,549 ​ — ​ 18,549 ​ — ​ 18,549 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Fair Value ​ Carrying ​ ​ ​ ​ ​ ​ ​ ​ December 31, 2019 ​ amount ​ Level 1 ​ Level 2 ​ Level 3 ​ Total Financial assets: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Cash and cash equivalents ​ $ 86,452 ​ $ 86,452 ​ $ — ​ $ — ​ $ 86,452 Securities held to maturity ​ 43,734 ​ — ​ 44,803 ​ — ​ 44,803 Securities available for sale ​ 181,506 ​ — ​ 181,506 ​ — ​ 181,506 Loans held for sale ​ ​ 587 ​ ​ — ​ ​ — ​ ​ 587 ​ ​ 587 Loans, net ​ 1,724,947 ​ — ​ — ​ 1,723,542 ​ 1,723,542 Other investments, at cost ​ 4,933 ​ — ​ — ​ 4,933 ​ 4,933 Mortgage servicing rights ​ 4,287 ​ — ​ 4,287 ​ — ​ 4,287 Cash surrender value of life insurance ​ 24,945 ​ 24,945 ​ — ​ — ​ 24,945 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Financial liabilities: ​ ​ ​ ​ ​ Deposits ​ $ 1,843,311 ​ $ — ​ $ — ​ $ 1,783,638 ​ $ 1,783,638 Securities sold under repurchase agreements ​ 45,865 ​ — ​ 45,865 ​ — ​ 45,865 Notes payable ​ ​ 49,790 ​ ​ — ​ ​ 49,790 ​ ​ — ​ ​ 49,790 Subordinated notes ​ 18,622 ​ — ​ 18,622 ​ — ​ 18,622

STOCK BASED COMPENSATION (Table

STOCK BASED COMPENSATION (Tables)	6 Months Ended
	Jun. 30, 2020
STOCK BASED COMPENSATION
Schedule of share-based compensation, restricted stock and restricted stock units activity	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ For the six months ended June 30, 2020 ​ For the six months ended June 30, 2019 ​ ​ ​ ​ Weighted- ​ ​ ​ Weighted- ​ ​ ​ ​ Average Grant- ​ ​ ​ Average Grant- ​ Shares Date Fair Value Shares Date Fair Value Restricted Stock ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Outstanding at beginning of year 50,676 ​ $ 43.03 51,776 ​ $ 34.27 Granted 27,067 ​ 65.34 17,015 ​ 56.62 Vested (18,623) ​ 37.28 (17,212) ​ 30.54 Forfeited or cancelled (99) ​ 26.50 (176) ​ 22.90 Outstanding at end of year 59,021 ​ $ 52.99 51,403 ​ $ 43.06

LEASES (Tables)

LEASES (Tables)	6 Months Ended
	Jun. 30, 2020
LEASES
Schedule of lease cost and other information related to leases	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Six-month period ended ​ ​ June 30, 2020 ​ June 30, 2019 Amortization of ROU Assets - Operating Leases ​ $ 20 ​ $ 26 ​ Interest on Lease Liabilities - Operating Leases ​ 46 ​ ​ 39 ​ Operating Lease Cost (Cost resulting from lease payments) ​ 66 ​ ​ 65 ​ ROU Assets - Operating Leases at beginning of period ​ ​ 1,699 ​ ​ — ​ New ROU Assets - Operating Leases ​ — ​ ​ 1,744 ​ ROU Assets - Operating Leases at June 30, ​ ​ 1,678 ​ ​ 1,718 ​ Weighted Average Lease Term (Years) - Operating Leases ​ 31.52 ​ ​ 31.63 ​ Weighted Average Discount Rate - Operating Leases ​ 5.50 % ​ 5.50 %
Schedule of maturity analysis of operating lease liabilities	A maturity analysis of operating lease liabilities and reconciliation of the undiscounted cash flows to the total operating lease liabilities as of June 30, 2020 is as follows: ​ ​ ​ ​ ​ ​ June 30, 2020 Operating lease payments due: ​ Within one year ​ $ 139 After one but within two years ​ 132 After two but within three years ​ 93 After three but within four years ​ 85 After four years but within five years ​ 85 After five years ​ 3,368 Total undiscounted cash flows ​ 3,902 Discount on cash flows ​ (2,224) Total operating lease liabilities ​ $ 1,678

ACQUISITIONS - Fair value of as

ACQUISITIONS - Fair value of assets and liabilities (Details) - USD ($)	May 15, 2020	Jun. 30, 2020	Dec. 31, 2019
Cash, cash equivelants and securities	$ 78,958,000
Other investments	533,000
Loans	118,411,000
Premises and equipment, net	1,532,000
Core deposit intangible	1,697,000
Other assets	8,787,000
Total assets acquired	209,918,000
Deposits	171,104,000
Subordinated debt	6,500,000	$ 49,000	$ 122,000
Other borrowings	13,148,000
Other liabilities	949,000
Total liabilities assumed	191,701,000
Excess of assets acquired over liabilities assumed	18,217,000
Less: purchase price	29,812,000
Goodwill	11,595,000	$ 55,052,000	$ 43,456,000
Timberwood [Member]
Cash, cash equivelants and securities	79,614,000
Other investments	533,000
Loans	117,343,000
Premises and equipment, net	2,538,000
Other assets	11,392,000
Total assets acquired	211,420,000
Deposits	170,362,000
Subordinated debt	6,500,000
Other borrowings	12,938,000
Other liabilities	1,923,000
Total liabilities assumed	191,723,000
Excess of assets acquired over liabilities assumed	19,697,000
Fair Value Adjustments [Member]
Cash, cash equivelants and securities	(656,000)
Loans	1,068,000
Premises and equipment, net	(1,006,000)
Core deposit intangible	1,697,000
Other assets	(2,605,000)
Total assets acquired	(1,502,000)
Deposits	742,000
Other borrowings	210,000
Other liabilities	(974,000)
Total liabilities assumed	(22,000)
Excess of assets acquired over liabilities assumed	$ (1,480,000)

ACQUISITIONS (Details)

ACQUISITIONS (Details) - USD ($)	May 15, 2020	Jul. 12, 2019	Jan. 22, 2019
Business Combination, Consideration Transferred	$ 29,812,000
Payments to Acquire Businesses, Gross	$ 400,000	$ 14,300,000
Business Combination Consideration Transferred Number of Shares Issuable	5.1445	0.34879
Business Combination, Consideration Transferred, Equity Interests Issued and Issuable		$ 17.3001
Business Acquisition, Equity Interest Issued or Issuable, Number of Shares	575,641	534,731
Business Acquisition, Equity Interest Issued or Issuable, Value Assigned	$ 29,400,000	$ 35,300,000
Business Acquisition, Share Price		$ 66.03
Partnership Community Bancshares [Member]
Business Combination, Contingent Consideration, Liability			$ 49,600,000
Tomah Bancshares [Member]
Business Combination, Contingent Consideration, Liability	$ 29,800,000

EARNINGS PER SHARE (Details)

EARNINGS PER SHARE (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended				6 Months Ended
	Jun. 30, 2020	Mar. 31, 2020	Jun. 30, 2019	Mar. 31, 2019	Jun. 30, 2020	Jun. 30, 2019
Basic
Net income available to common shareholders	$ 8,296	$ 7,266	$ 5,989	$ 6,587	$ 15,562	$ 12,576
Less: Earnings allocated to participating securities	(65)		(52)		(120)	(99)
Net income allocated to common shareholders	$ 8,231		$ 5,937		$ 15,442	$ 12,477
Weighted average common shares outstanding including participating securities	7,454,201		6,577,016		7,268,861	6,575,696
Less: Participating securities (1)	(59,002)		(51,990)		(56,227)	(51,918)
Average shares	7,395,199		6,525,026		7,212,634	6,523,778
Basic earnings per common shares	$ 1.11		$ 0.91		$ 2.14	$ 1.91
Diluted
Net income available to common shareholders	$ 8,296	$ 7,266	$ 5,989	$ 6,587	$ 15,562	$ 12,576
Weighted average common shares outstanding for basic earnings per common share	7,395,199		6,525,026		7,212,634	6,523,778
Add: Dilutive effects of stock based compensation awards	10,796		119,665		58,558	88,406
Average shares and dilutive potential common shares	7,405,995		6,644,691		7,271,192	6,612,184
Diluted earnings per common share	$ 1.11		$ 0.90		$ 2.13	$ 1.89

SECURITIES - Securities availab

SECURITIES - Securities available for sale (Details) - USD ($) $ in Thousands	Jun. 30, 2020	Dec. 31, 2019
Marketable Securities [Line Items]
Available for sale securities, Amortized Cost	$ 166,533	$ 178,376
Available for sale securities, Gross Unrealized Gains	7,555	3,357
Available for sale securities, Gross Unrealized Losses	(21)	(227)
Available for sale securities, Estimated Fair Value	174,067	181,506
Corporate notes
Marketable Securities [Line Items]
Available for sale securities, Amortized Cost	27,291	62,794
Available for sale securities, Gross Unrealized Gains	221	172
Available for sale securities, Gross Unrealized Losses		(11)
Available for sale securities, Estimated Fair Value	27,512	62,955
Certificates of deposit
Marketable Securities [Line Items]
Available for sale securities, Amortized Cost	2,580
Available for sale securities, Gross Unrealized Gains	39
Available for sale securities, Estimated Fair Value	2,619
Obligations of U.S. Government sponsored agencies
Marketable Securities [Line Items]
Available for sale securities, Amortized Cost	14,045	12,218
Available for sale securities, Gross Unrealized Gains	556
Available for sale securities, Gross Unrealized Losses	(2)	(158)
Available for sale securities, Estimated Fair Value	14,599	12,060
Obligations of states and political subdivisions [Member]
Marketable Securities [Line Items]
Available for sale securities, Amortized Cost	71,446	52,594
Available for sale securities, Gross Unrealized Gains	3,799	2,197
Available for sale securities, Gross Unrealized Losses	(19)	(20)
Available for sale securities, Estimated Fair Value	75,226	54,771
Mortgage-backed securities [Member]
Marketable Securities [Line Items]
Available for sale securities, Amortized Cost	51,171	50,770
Available for sale securities, Gross Unrealized Gains	2,940	988
Available for sale securities, Gross Unrealized Losses		(38)
Available for sale securities, Estimated Fair Value	$ 54,111	$ 51,720

SECURITIES - Securities held to

SECURITIES - Securities held to maturity (Details) - USD ($) $ in Thousands	Jun. 30, 2020	Dec. 31, 2019
Marketable Securities [Line Items]
Held to maturity securities, Amortized Cost	$ 9,579	$ 43,734
Held to maturity securities, Gross Unrealized Gains		1,091
Held to maturity securities, Gross Unrealized Losses		(22)
Held to Maturity Total, Estimated Fair Value	9,600	44,803
U.S. Treasury securities [Member]
Marketable Securities [Line Items]
Held to maturity securities, Amortized Cost		33,527
Held to maturity securities, Gross Unrealized Gains		1,076
Held to maturity securities, Gross Unrealized Losses		(22)
Held to Maturity Total, Estimated Fair Value		34,581
Obligations of states and political subdivisions [Member]
Marketable Securities [Line Items]
Held to maturity securities, Amortized Cost	9,579	10,207
Held to maturity securities, Gross Unrealized Gains	21	15
Held to maturity securities, Gross Unrealized Losses	0	0
Held to Maturity Total, Estimated Fair Value	$ 9,600	$ 10,222

SECURITIES - Fair value and gro

SECURITIES - Fair value and gross unrealized losses (Details) - USD ($) $ in Thousands	Jun. 30, 2020	Dec. 31, 2019
Marketable Securities [Line Items]
Available-for-sale Securities, Continuous Unrealized Loss Position, Twelve Months or Longer, Fair Value	$ 0	$ 3,186
Available for Sale, Greater Than 12 Months Unrealized Losses	0	(13)
Available for Sale, Less Than 12 Months Fair Value	3,155	25,658
Available for Sale, Total Fair Value	3,155	28,844
Available for Sale, Less Than 12 Months Unrealized Losses	(21)	(214)
Available for Sale, Total Unrealized Losses	(21)	(227)
Corporate notes
Marketable Securities [Line Items]
Available-for-sale Securities, Continuous Unrealized Loss Position, Twelve Months or Longer, Fair Value		0
Available for Sale, Greater Than 12 Months Unrealized Losses		0
Available for Sale, Less Than 12 Months Fair Value		3,925
Available for Sale, Total Fair Value		3,925
Available for Sale, Less Than 12 Months Unrealized Losses		(11)
Available for Sale, Total Unrealized Losses		(11)
Obligations of U.S. Government sponsored agencies
Marketable Securities [Line Items]
Available for Sale, Greater Than 12 Months Unrealized Losses	0	0
Available for Sale, Less Than 12 Months Fair Value	615	12,059
Available for Sale, Greater Than 12 Months Fair Value	0	0
Available for Sale, Total Fair Value	615	12,059
Available for Sale, Less Than 12 Months Unrealized Losses	(2)	(158)
Available for Sale, Total Unrealized Losses	(2)	(158)
Obligations of states and political subdivisions [Member]
Marketable Securities [Line Items]
Available-for-sale Securities, Continuous Unrealized Loss Position, Twelve Months or Longer, Fair Value	0	999
Available for Sale, Greater Than 12 Months Unrealized Losses	0	(1)
Available for Sale, Less Than 12 Months Fair Value	2,540	5,636
Available for Sale, Total Fair Value	2,540	6,635
Available for Sale, Less Than 12 Months Unrealized Losses	(19)	(19)
Available for Sale, Total Unrealized Losses	$ (19)	(20)
Mortgage-backed securities [Member]
Marketable Securities [Line Items]
Available-for-sale Securities, Continuous Unrealized Loss Position, Twelve Months or Longer, Fair Value		2,187
Available for Sale, Greater Than 12 Months Unrealized Losses		(12)
Available for Sale, Less Than 12 Months Fair Value		4,038
Available for Sale, Total Fair Value		6,225
Available for Sale, Less Than 12 Months Unrealized Losses		(26)
Available for Sale, Total Unrealized Losses		(38)
U.S. Treasury securities [Member]
Marketable Securities [Line Items]
Held to Maturity, Less Than 12 Months Fair Value		2,958
Held to Maturity, Greater Than 12 Months Fair Value		0
Held to Maturity, Total Fair Value		2,958
Held to Maturity, Less Than 12 Months Unrealized Losses		(22)
Held to Maturity, Greater Than 12 Months Unrealized Losses		0
Held to Maturity, Total Unrealized Losses		$ (22)

SECURITIES - Summary of amortiz

SECURITIES - Summary of amortized cost and estimated fair value (Details) - USD ($) $ in Thousands	Jun. 30, 2020	Dec. 31, 2019
SECURITIES
Available for Sale Due in one year or less, Amortized Cost	$ 13,794
Available for Sale Due after one year through five years, Amortized Cost	12,529
Available for Sale Due after five years through ten years, Amortized Cost	11,149
Available for Sale Due after ten years, Amortized Cost	77,890
Available for Sale Subtotal, Amortized Cost	115,362
Available for Sale Mortgage-backed securities, Amortized Cost	51,171
Available for sale securities, Amortized Cost	166,533	$ 178,376
Available for Sale Due in one year or less, Estimated Fair Value	13,856
Available for Sale Due after one year through five years, Estimated Fair Value	13,063
Available for Sale Due after five years through ten years, Estimated Fair Value	11,691
Available for Sale Due after ten years, Estimated Fair Value	81,346
Available for Sale Subtotal, Estimated Fair Value	119,956
Available for Sale Mortgage-backed securities, Estimated Fair Value	54,111
Available for sale securities, Estimated Fair Value	174,067	181,506
Held to Maturity Due in one year or less, Amortized Cost	751
Held to Maturity Due after one year through five years, Amortized Cost	3,524
Held to Maturity Due after five years through ten years, Amortized Cost	2,395
Held to Maturity Due after ten years, Amortized Cost	2,909
Held to Maturity Subtotal, Amortized Cost	9,579
Held to Maturity Mortgage-backed securities, Amortized Cost	0
Held to maturity securities, Amortized Cost	9,579	43,734
Held to Maturity Due in one year or less, Estimated Fair Value	751
Held to Maturity Due after one year through five years, Estimated Fair Value	3,545
Held to Maturity Due after five years through ten years, Estimated Fair Value	2,395
Held to Maturity Due after ten years, Estimated Fair Value	2,909
Held to Maturity Subtotal, Estimated Fair Value	9,600
Held to Maturity Mortgage-backed securities, Estimated Fair Value	0
Held to Maturity Total, Estimated Fair Value	$ 9,600	$ 44,803

SECURITIES - Summary of proceed

SECURITIES - Summary of proceeds from sales securities (Details) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019
SECURITIES
Proceeds from sales of securities	$ 59,697	$ 748
Gross gains on sales	3,284	23
Gross losses on sales	$ (51)	$ 0

LOANS, ALLOWANCE FOR LOAN LOS_3

LOANS, ALLOWANCE FOR LOAN LOSSES, AND CREDIT QUALITY (Details) - USD ($) $ in Thousands	Jun. 30, 2020	Dec. 31, 2019	Jun. 30, 2019	Dec. 31, 2018
Loans and Leases Receivable, Gross	$ 2,122,511	$ 1,736,846	$ 1,419,775
ALL	(16,071)	(11,396)	(12,170)	$ (12,248)
Loans, net of ALL	2,106,440	1,725,450
Deferred loan fees and costs	(7,488)	(503)
Loans, net	2,098,952	1,724,947
Other
Loans and Leases Receivable, Gross	5,365	10,440	5,493
ALL	(57)	(53)	(29)	(32)
Construction and Development
Loans and Leases Receivable, Gross	126,653	132,296	73,522
ALL	(772)	(548)	(411)	(725)
Commercial/Industrial
Loans and Leases Receivable, Gross	574,052	302,538	271,838
ALL	(2,548)	(2,320)	(2,143)	(3,021)
Commercial Real Estate-Owner Occupied
Loans and Leases Receivable, Gross	525,908	459,782	415,451
ALL	(6,031)	(4,587)	(5,473)	(3,750)
Commercial Real Estate-Non-Owner Occupied
Loans and Leases Receivable, Gross	410,931	353,723	255,072
ALL	(3,798)	(1,578)	(1,948)	(2,100)
Residential 14 Family
Loans and Leases Receivable, Gross	451,070	448,605	370,261
ALL	(2,705)	(2,169)	(2,027)	(2,472)
Consumer
Loans and Leases Receivable, Gross	28,532	29,462	28,138
ALL	$ (160)	$ (141)	$ (139)	$ (148)

LOANS, ALLOWANCE FOR LOAN LOS_4

LOANS, ALLOWANCE FOR LOAN LOSSES, AND CREDIT QUALITY - ALL by loan type (Details) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Dec. 31, 2019
ALL - Beginning Balance	$ 11,396	$ 12,248
Charge-offs	(177)	(1,337)
Recoveries	727	134
Provision	4,125	1,125
ALL - Ending Balance	16,071	12,170
ALL ending balance individually evaluated for impairment	2,696	2,285
ALL ending balance collectively evaluated for impairment	13,375	9,885
Loans outstanding - Ending Balance	2,122,511	1,419,775	$ 1,736,846
Loans ending balance individually evaluated for impairment	20,820	10,168
Loans ending balance collectively evaluated for impairment	2,101,691	1,409,607
Other
ALL - Beginning Balance	53	32
Charge-offs	(9)	(8)
Recoveries	9	4
Provision	4	1
ALL - Ending Balance	57	29
ALL ending balance individually evaluated for impairment	0	0
ALL ending balance collectively evaluated for impairment	57	29
Loans outstanding - Ending Balance	5,365	5,493	10,440
Loans ending balance individually evaluated for impairment	0	0
Loans ending balance collectively evaluated for impairment	5,365	5,493
Construction and Development
ALL - Beginning Balance	548	725
Charge-offs	0	0
Recoveries	0	0
Provision	224	(314)
ALL - Ending Balance	772	411
ALL ending balance individually evaluated for impairment	0	0
ALL ending balance collectively evaluated for impairment	772	411
Loans outstanding - Ending Balance	126,653	73,522	132,296
Loans ending balance individually evaluated for impairment	0	0
Loans ending balance collectively evaluated for impairment	126,653	73,522
Commercial/Industrial
ALL - Beginning Balance	2,320	3,021
Charge-offs	(8)	(594)
Recoveries	1	1
Provision	235	(285)
ALL - Ending Balance	2,548	2,143
ALL ending balance individually evaluated for impairment	702	0
ALL ending balance collectively evaluated for impairment	1,846	2,143
Loans outstanding - Ending Balance	574,052	271,838	302,538
Loans ending balance individually evaluated for impairment	1,973	0
Loans ending balance collectively evaluated for impairment	572,079	271,838
Commercial Real Estate-Owner Occupied
ALL - Beginning Balance	4,587	3,750
Charge-offs	(101)	(659)
Recoveries	640	2
Provision	905	2,380
ALL - Ending Balance	6,031	5,473
ALL ending balance individually evaluated for impairment	525	2,285
ALL ending balance collectively evaluated for impairment	5,506	3,188
Loans outstanding - Ending Balance	525,908	415,451	459,782
Loans ending balance individually evaluated for impairment	10,860	9,992
Loans ending balance collectively evaluated for impairment	515,048	405,459
Commercial Real Estate-Non-Owner Occupied
ALL - Beginning Balance	1,578	2,100
Charge-offs	0	(54)
Recoveries	40	1
Provision	2,180	(99)
ALL - Ending Balance	3,798	1,948
ALL ending balance individually evaluated for impairment	1,469	0
ALL ending balance collectively evaluated for impairment	2,329	1,948
Loans outstanding - Ending Balance	410,931	255,072	353,723
Loans ending balance individually evaluated for impairment	7,987	0
Loans ending balance collectively evaluated for impairment	402,944	255,072
Residential 14 Family
ALL - Beginning Balance	2,169	2,472
Charge-offs	(59)	(11)
Recoveries	37	122
Provision	558	(556)
ALL - Ending Balance	2,705	2,027
ALL ending balance individually evaluated for impairment	0	0
ALL ending balance collectively evaluated for impairment	2,705	2,027
Loans outstanding - Ending Balance	451,070	370,261	448,605
Loans ending balance individually evaluated for impairment	0	176
Loans ending balance collectively evaluated for impairment	451,070	370,085
Consumer
ALL - Beginning Balance	141	148
Charge-offs	0	(11)
Recoveries	0	4
Provision	19	(2)
ALL - Ending Balance	160	139
ALL ending balance individually evaluated for impairment	0	0
ALL ending balance collectively evaluated for impairment	160	139
Loans outstanding - Ending Balance	28,532	28,138	$ 29,462
Loans ending balance individually evaluated for impairment	0	0
Loans ending balance collectively evaluated for impairment	28,532	28,138
Unallocated
ALL - Beginning Balance	291	521
Charge-offs	0	0
Recoveries	0	0
Provision	(280)	(285)
ALL - Ending Balance	11	236
ALL ending balance individually evaluated for impairment	0	0
ALL ending balance collectively evaluated for impairment	236	236
Loans outstanding - Ending Balance	0	0
Loans ending balance individually evaluated for impairment	0	0
Loans ending balance collectively evaluated for impairment	$ 0	$ 0

LOANS, ALLOWANCE FOR LOAN LOS_5

LOANS, ALLOWANCE FOR LOAN LOSSES, AND CREDIT QUALITY - Past due loans (Details) - USD ($) $ in Thousands	Jun. 30, 2020	Dec. 31, 2019
Financing Receivable, Recorded Investment, Past Due [Line Items]
Financing Receivable, Recorded Investment, Past Due	$ 23,750	$ 8,449
Financing Receivable, Recorded Investment, Nonaccrual Status	23,037	5,093
Other
Financing Receivable, Recorded Investment, Past Due [Line Items]
Financing Receivable, Recorded Investment, Past Due	0	0
Financing Receivable, Recorded Investment, Nonaccrual Status	0	0
Construction and Development
Financing Receivable, Recorded Investment, Past Due [Line Items]
Financing Receivable, Recorded Investment, Past Due	319	779
Financing Receivable, Recorded Investment, Nonaccrual Status	0	0
Commercial/Industrial
Financing Receivable, Recorded Investment, Past Due [Line Items]
Financing Receivable, Recorded Investment, Past Due	1,989	2,158
Financing Receivable, Recorded Investment, Nonaccrual Status	1,989	1,923
Commercial Real Estate-Owner Occupied
Financing Receivable, Recorded Investment, Past Due [Line Items]
Financing Receivable, Recorded Investment, Past Due	12,326	3,637
Financing Receivable, Recorded Investment, Nonaccrual Status	12,253	2,513
Commercial Real Estate-Non-Owner Occupied
Financing Receivable, Recorded Investment, Past Due [Line Items]
Financing Receivable, Recorded Investment, Past Due	7,522	75
Financing Receivable, Recorded Investment, Nonaccrual Status	7,522	75
Residential 14 Family
Financing Receivable, Recorded Investment, Past Due [Line Items]
Financing Receivable, Recorded Investment, Past Due	1,539	1,662
Financing Receivable, Recorded Investment, Nonaccrual Status	1,241	550
Consumer
Financing Receivable, Recorded Investment, Past Due [Line Items]
Financing Receivable, Recorded Investment, Past Due	55	138
Financing Receivable, Recorded Investment, Nonaccrual Status	32	32
30-89 Days Past Due Accruing
Financing Receivable, Recorded Investment, Past Due [Line Items]
Financing Receivable, Recorded Investment, Past Due	633	3,002
30-89 Days Past Due Accruing | Other
Financing Receivable, Recorded Investment, Past Due [Line Items]
Financing Receivable, Recorded Investment, Past Due	0	0
30-89 Days Past Due Accruing | Construction and Development
Financing Receivable, Recorded Investment, Past Due [Line Items]
Financing Receivable, Recorded Investment, Past Due	319	768
30-89 Days Past Due Accruing | Commercial/Industrial
Financing Receivable, Recorded Investment, Past Due [Line Items]
Financing Receivable, Recorded Investment, Past Due	0	235
30-89 Days Past Due Accruing | Commercial Real Estate-Owner Occupied
Financing Receivable, Recorded Investment, Past Due [Line Items]
Financing Receivable, Recorded Investment, Past Due	73	1,124
30-89 Days Past Due Accruing | Commercial Real Estate-Non-Owner Occupied
Financing Receivable, Recorded Investment, Past Due [Line Items]
Financing Receivable, Recorded Investment, Past Due	0	0
30-89 Days Past Due Accruing | Residential 14 Family
Financing Receivable, Recorded Investment, Past Due [Line Items]
Financing Receivable, Recorded Investment, Past Due	220	805
30-89 Days Past Due Accruing | Consumer
Financing Receivable, Recorded Investment, Past Due [Line Items]
Financing Receivable, Recorded Investment, Past Due	21	70
90 Days Past Due Accruing
Financing Receivable, Recorded Investment, Past Due [Line Items]
Financing Receivable, Recorded Investment, Past Due	80	354
90 Days Past Due Accruing | Other
Financing Receivable, Recorded Investment, Past Due [Line Items]
Financing Receivable, Recorded Investment, Past Due	0	0
90 Days Past Due Accruing | Construction and Development
Financing Receivable, Recorded Investment, Past Due [Line Items]
Financing Receivable, Recorded Investment, Past Due	0	11
90 Days Past Due Accruing | Commercial/Industrial
Financing Receivable, Recorded Investment, Past Due [Line Items]
Financing Receivable, Recorded Investment, Past Due	0	0
90 Days Past Due Accruing | Commercial Real Estate-Owner Occupied
Financing Receivable, Recorded Investment, Past Due [Line Items]
Financing Receivable, Recorded Investment, Past Due	0	0
90 Days Past Due Accruing | Commercial Real Estate-Non-Owner Occupied
Financing Receivable, Recorded Investment, Past Due [Line Items]
Financing Receivable, Recorded Investment, Past Due	0	0
90 Days Past Due Accruing | Residential 14 Family
Financing Receivable, Recorded Investment, Past Due [Line Items]
Financing Receivable, Recorded Investment, Past Due	78	307
90 Days Past Due Accruing | Consumer
Financing Receivable, Recorded Investment, Past Due [Line Items]
Financing Receivable, Recorded Investment, Past Due	$ 2	$ 36

LOANS, ALLOWANCE FOR LOAN LOS_6

LOANS, ALLOWANCE FOR LOAN LOSSES, AND CREDIT QUALITY- Breakdown of loans by risk rating (Details) - USD ($) $ in Thousands	Jun. 30, 2020	Dec. 31, 2019	Jun. 30, 2019
Loans and Leases Receivable, Gross	$ 2,122,511	$ 1,736,846	$ 1,419,775
Other
Loans and Leases Receivable, Gross	5,365	10,440	5,493
Construction and Development
Loans and Leases Receivable, Gross	126,653	132,296	73,522
Commercial/Industrial
Loans and Leases Receivable, Gross	574,052	302,538	271,838
Commercial Real Estate-Owner Occupied
Loans and Leases Receivable, Gross	525,908	459,782	415,451
Commercial Real Estate-Non-Owner Occupied
Loans and Leases Receivable, Gross	410,931	353,723	255,072
Residential 14 Family
Loans and Leases Receivable, Gross	451,070	448,605	370,261
Consumer
Loans and Leases Receivable, Gross	28,532	29,462	$ 28,138
Pass (1-5)
Loans and Leases Receivable, Gross	2,057,347	1,676,560
Pass (1-5) | Other
Loans and Leases Receivable, Gross	4,804	10,440
Pass (1-5) | Construction and Development
Loans and Leases Receivable, Gross	126,513	132,266
Pass (1-5) | Commercial/Industrial
Loans and Leases Receivable, Gross	565,623	290,180
Pass (1-5) | Commercial Real Estate-Owner Occupied
Loans and Leases Receivable, Gross	482,490	422,336
Pass (1-5) | Commercial Real Estate-Non-Owner Occupied
Loans and Leases Receivable, Gross	400,361	344,278
Pass (1-5) | Residential 14 Family
Loans and Leases Receivable, Gross	449,056	447,630
Pass (1-5) | Consumer
Loans and Leases Receivable, Gross	28,500	29,430
Pass 6
Loans and Leases Receivable, Gross	13,551	19,962
Pass 6 | Other
Loans and Leases Receivable, Gross	561	0
Pass 6 | Construction and Development
Loans and Leases Receivable, Gross	0	0
Pass 6 | Commercial/Industrial
Loans and Leases Receivable, Gross	3,046	5,329
Pass 6 | Commercial Real Estate-Owner Occupied
Loans and Leases Receivable, Gross	9,944	5,603
Pass 6 | Commercial Real Estate-Non-Owner Occupied
Loans and Leases Receivable, Gross	0	8,774
Pass 6 | Residential 14 Family
Loans and Leases Receivable, Gross	0	256
Pass 6 | Consumer
Loans and Leases Receivable, Gross	0	0
Pass 7
Loans and Leases Receivable, Gross	51,613	40,324
Pass 7 | Other
Loans and Leases Receivable, Gross	0	0
Pass 7 | Construction and Development
Loans and Leases Receivable, Gross	140	30
Pass 7 | Commercial/Industrial
Loans and Leases Receivable, Gross	5,383	7,029
Pass 7 | Commercial Real Estate-Owner Occupied
Loans and Leases Receivable, Gross	33,474	31,843
Pass 7 | Commercial Real Estate-Non-Owner Occupied
Loans and Leases Receivable, Gross	10,570	671
Pass 7 | Residential 14 Family
Loans and Leases Receivable, Gross	2,014	719
Pass 7 | Consumer
Loans and Leases Receivable, Gross	32	32
Pass 8
Loans and Leases Receivable, Gross	0	0
Pass 8 | Other
Loans and Leases Receivable, Gross	0	0
Pass 8 | Construction and Development
Loans and Leases Receivable, Gross	0	0
Pass 8 | Commercial/Industrial
Loans and Leases Receivable, Gross	0	0
Pass 8 | Commercial Real Estate-Owner Occupied
Loans and Leases Receivable, Gross	0	0
Pass 8 | Commercial Real Estate-Non-Owner Occupied
Loans and Leases Receivable, Gross	0	0
Pass 8 | Residential 14 Family
Loans and Leases Receivable, Gross	0	0
Pass 8 | Consumer
Loans and Leases Receivable, Gross	$ 0	$ 0

LOANS, ALLOWANCE FOR LOAN LOS_7

LOANS, ALLOWANCE FOR LOAN LOSSES, AND CREDIT QUALITY -Summary of impaired loans individually (Details) - USD ($) $ in Thousands	6 Months Ended	12 Months Ended
	Jun. 30, 2020	Dec. 31, 2019
With an allowance recorded:
Recorded investment	$ 15,641	$ 2,838
Unpaid principal balance	15,641	2,838
Related allowance	2,696	840
With no related allowance recorded:
Recorded investment	5,179	2,938
Unpaid principal balance	5,179	2,938
Related allowance	0	0
Total:
Recorded investment	20,820	5,776
Unpaid principal balance	20,820	5,776
Related allowance	2,696	840
Average recorded investment	13,299	9,971
Other
With an allowance recorded:
Recorded investment	0	0
Unpaid principal balance	0	0
Related allowance	0	0
With no related allowance recorded:
Recorded investment	0	0
Unpaid principal balance	0	0
Related allowance	0	0
Total:
Recorded investment	0	0
Unpaid principal balance	0	0
Related allowance	0	0
Average recorded investment	0	0
Construction and Development
With an allowance recorded:
Recorded investment	0	0
Unpaid principal balance	0	0
Related allowance	0	0
With no related allowance recorded:
Recorded investment	0	0
Unpaid principal balance	0	0
Related allowance	0	0
Total:
Recorded investment	0	0
Unpaid principal balance	0	0
Related allowance	0	0
Average recorded investment	0	0
Commercial/Industrial
With an allowance recorded:
Recorded investment	1,973	1,878
Unpaid principal balance	1,973	1,878
Related allowance	702	760
With no related allowance recorded:
Recorded investment	0	0
Unpaid principal balance	0	0
Related allowance	0	0
Total:
Recorded investment	1,973	1,878
Unpaid principal balance	1,973	1,878
Related allowance	702	760
Average recorded investment	1,926	3,773
Commercial Real Estate-Owner Occupied
With an allowance recorded:
Recorded investment	5,681	960
Unpaid principal balance	5,681	960
Related allowance	525	80
With no related allowance recorded:
Recorded investment	5,179	2,938
Unpaid principal balance	5,179	2,938
Related allowance		0
Total:
Recorded investment	10,860	3,898
Unpaid principal balance	10,860	3,898
Related allowance	525	80
Average recorded investment	7,379	5,847
Commercial Real Estate-Non-Owner Occupied
With an allowance recorded:
Recorded investment	7,987	0
Unpaid principal balance	7,987	0
Related allowance	1,469	0
With no related allowance recorded:
Recorded investment	0	0
Unpaid principal balance	0	0
Related allowance	0	0
Total:
Recorded investment	7,987	0
Unpaid principal balance	7,987	0
Related allowance	1,469	0
Average recorded investment	3,994	0
Residential 14 Family
With an allowance recorded:
Recorded investment	0	0
Unpaid principal balance	0	0
Related allowance	0	0
With no related allowance recorded:
Recorded investment	0	0
Unpaid principal balance	0	0
Related allowance	0	0
Total:
Recorded investment	0	0
Unpaid principal balance	0	0
Related allowance	0	0
Average recorded investment	0	351
Consumer
With an allowance recorded:
Recorded investment	0	0
Unpaid principal balance	0	0
Related allowance	0	0
With no related allowance recorded:
Recorded investment	0	0
Unpaid principal balance	0	0
Related allowance	0	0
Total:
Recorded investment	0	0
Unpaid principal balance	0	0
Related allowance	0	0
Average recorded investment	0	$ 0
Unallocated
With an allowance recorded:
Recorded investment	0
Unpaid principal balance	0
Related allowance	0
With no related allowance recorded:
Recorded investment	0
Unpaid principal balance	0
Related allowance	0
Total:
Recorded investment	0
Unpaid principal balance	0
Related allowance	0
Average recorded investment	$ 0

LOANS, ALLOWANCE FOR LOAN LOS_8

LOANS, ALLOWANCE FOR LOAN LOSSES, AND CREDIT QUALITY - Credit Deterioration (Details) - USD ($) $ in Thousands	Jun. 30, 2020	Dec. 31, 2019
Impaired Financing Receivable, Recorded Investment	$ 20,820	$ 5,776
Impaired Financing Receivable, Unpaid Principal Balance	20,820	5,776
Other
Impaired Financing Receivable, Recorded Investment	0	0
Impaired Financing Receivable, Unpaid Principal Balance	0	0
Construction and Development
Impaired Financing Receivable, Recorded Investment	0	0
Impaired Financing Receivable, Unpaid Principal Balance	0	0
Commercial/Industrial
Impaired Financing Receivable, Recorded Investment	1,973	1,878
Impaired Financing Receivable, Unpaid Principal Balance	1,973	1,878
Commercial Real Estate-Owner Occupied
Impaired Financing Receivable, Recorded Investment	10,860	3,898
Impaired Financing Receivable, Unpaid Principal Balance	10,860	3,898
Commercial Real Estate-Non-Owner Occupied
Impaired Financing Receivable, Recorded Investment	7,987	0
Impaired Financing Receivable, Unpaid Principal Balance	7,987	0
Residential 14 Family
Impaired Financing Receivable, Recorded Investment	0	0
Impaired Financing Receivable, Unpaid Principal Balance	0	0
Consumer
Impaired Financing Receivable, Recorded Investment	0	0
Impaired Financing Receivable, Unpaid Principal Balance	0	0
Financial Asset Acquired with Credit Deterioration [Member]
Impaired Financing Receivable, Recorded Investment	8,905	1,823
Impaired Financing Receivable, Unpaid Principal Balance	11,109	2,265
Financial Asset Acquired with Credit Deterioration [Member] | Other
Impaired Financing Receivable, Recorded Investment	0	0
Impaired Financing Receivable, Unpaid Principal Balance	0	0
Financial Asset Acquired with Credit Deterioration [Member] | Construction and Development
Impaired Financing Receivable, Recorded Investment	94	213
Impaired Financing Receivable, Unpaid Principal Balance	104	237
Financial Asset Acquired with Credit Deterioration [Member] | Commercial/Industrial
Impaired Financing Receivable, Recorded Investment	1,265	191
Impaired Financing Receivable, Unpaid Principal Balance	1,393	212
Financial Asset Acquired with Credit Deterioration [Member] | Commercial Real Estate-Owner Occupied
Impaired Financing Receivable, Recorded Investment	5,414	518
Impaired Financing Receivable, Unpaid Principal Balance	7,190	785
Financial Asset Acquired with Credit Deterioration [Member] | Commercial Real Estate-Non-Owner Occupied
Impaired Financing Receivable, Recorded Investment	1,244	0
Impaired Financing Receivable, Unpaid Principal Balance	1,409	0
Financial Asset Acquired with Credit Deterioration [Member] | Residential 14 Family
Impaired Financing Receivable, Recorded Investment	888	901
Impaired Financing Receivable, Unpaid Principal Balance	1,013	1,031
Financial Asset Acquired with Credit Deterioration [Member] | Consumer
Impaired Financing Receivable, Recorded Investment	0	0
Impaired Financing Receivable, Unpaid Principal Balance	$ 0	$ 0

LOANS, ALLOWANCE FOR LOAN LOS_9

LOANS, ALLOWANCE FOR LOAN LOSSES, AND CREDIT QUALITY - Change in the accretable and non accretable Components of Discounts on Loans (Details) - USD ($) $ in Thousands	6 Months Ended	12 Months Ended
	Jun. 30, 2020	Dec. 31, 2019
Accretable Discount [Member]
Balance at beginning of period	$ 222	$ 318
Acquired balance, net	1,064	44
Reclassifications between accretable and non-accretable	11	858
Accretion to loan interest income	(29)	(998)
Balance at end of period	1,268	222
Non Accretable Discount [Member]
Balance at beginning of period	220	745
Acquired balance, net	727	333
Reclassifications between accretable and non-accretable	(11)	(858)
Accretion to loan interest income	0	0
Balance at end of period	$ 936	$ 220

LOANS, ALLOWANCE FOR LOAN LO_10

LOANS, ALLOWANCE FOR LOAN LOSSES, AND CREDIT QUALITY - Schedule of troubled debt restructurings (Details) - Commercial Real Estate $ in Thousands	6 Months Ended
	Jun. 30, 2020USD ($)contract
Number of Contracts | contract	1
Pre-Modification Outstanding Recorded Investment	$ 115
Post-Modification Outstanding Recorded Investment	$ 115

LOANS, ALLOWANCE FOR LOAN LO_11

LOANS, ALLOWANCE FOR LOAN LOSSES, AND CREDIT QUALITY - Additional Information (Details) - USD ($)	Jun. 30, 2020	Dec. 31, 2019	Jun. 30, 2019	Dec. 31, 2018
Loans and Leases Receivable, Allowance	$ 16,071,000	$ 11,396,000	$ 12,170,000	$ 12,248,000
Troubled Debt Restructuring Reserve	0	$ 80,000
Minimum [Member]
Loans and Leases Receivable, Allowance	$ 250,000,000

MORTGAGE SERVICING RIGHTS (Deta

MORTGAGE SERVICING RIGHTS (Details) - USD ($) $ in Thousands	6 Months Ended	12 Months Ended
	Jun. 30, 2020	Dec. 31, 2019
Fair value at beginning of period	$ 4,287	$ 3,085
MSR asset acquired	384	1,859
Servicing asset additions	713	740
Loan payments and payoffs	(705)	(821)
Changes in valuation inputs and assumptions used in the valuation model	(553)	(576)
Amount recognized through earnings	(545)	(657)
Fair value at end of period	4,126	4,287
Unpaid principal balance of loans serviced for others	20,820	5,776
Other
Unpaid principal balance of loans serviced for others	$ 0	$ 0
Mortgage servicing rights as a percent of loans serviced for others	0.64%	0.77%
Other | Mortgage Servicing Rights [Member]
Unpaid principal balance of loans serviced for others	$ 643,676	$ 554,374

MORTGAGE SERVICING RIGHTS - Add

MORTGAGE SERVICING RIGHTS - Additional Information (Details) - M	Jun. 30, 2020	Dec. 31, 2019
Measurement Input, Discount Rate [Member]
Mortgage Servicing Rights Discount Rate	10.10%	10.00%
Measurement Input, Prepayment Rate [Member]
Servicing Asset, Measurement Input	17.5	12.1

NOTES PAYABLE (Details)

NOTES PAYABLE (Details) - USD ($)	6 Months Ended
	Jun. 30, 2020	Dec. 31, 2019
Federal Home Loan Bank, Advances, Branch of FHLB Bank, Amount of Advances	$ 25,172,000	$ 39,790,000
FHLB advances, before adjustment due to purchase accounting	24,988,000	39,800,000
Adjustment due to purchase accounting	184,000	(10,000)
Long-term Debt	$ 24,988,000	39,800,000
Maturity of Fixed Term one Member
Long-term Debt		1,000,000
Debt Instrument, Basis Spread on Variable Rate	1.42%
Maturity of Fixed Term Two Member
Long-term Debt	$ 103,000
Debt Instrument, Basis Spread on Variable Rate	0.00%
Maturity of Fixed Term Three Member
Long-term Debt		10,000,000
Debt Instrument, Basis Spread on Variable Rate	1.75%
Maturity of Fixed Term Four Member
Long-term Debt	$ 600,000
Debt Instrument, Basis Spread on Variable Rate	3.06%
Maturity of Fixed Term Five Member
Long-term Debt		10,000,000
Debt Instrument, Basis Spread on Variable Rate	1.74%
Maturity of Fixed Term Six Member
Long-term Debt	$ 600,000
Debt Instrument, Basis Spread on Variable Rate	3.02%
Maturity of Fixed Term Seven Member
Long-term Debt		10,000,000
Debt Instrument, Basis Spread on Variable Rate	1.76%
Maturity of Fixed Term Eight Member
Long-term Debt	$ 500,000
Debt Instrument, Basis Spread on Variable Rate	2.92%
Maturity of Fixed Term Nine Member
Long-term Debt	$ 500,000
Debt Instrument, Basis Spread on Variable Rate	2.98%
Maturity Of Fixed Term Ten Member
Long-term Debt	$ 250,000
Debt Instrument, Basis Spread on Variable Rate	2.51%
Maturity Of Fixed Term Eleven Member
Long-term Debt	$ 250,000
Debt Instrument, Basis Spread on Variable Rate	1.99%
Maturity Of Fixed Term Twelve Member
Long-term Debt	$ 500,000
Debt Instrument, Basis Spread on Variable Rate	2.87%
Maturity Of Fixed Term Thirteen [Member]
Long-term Debt	$ 400,000	400,000
Debt Instrument, Basis Spread on Variable Rate	1.46%
Maturity Of Fixed Term Fourteen [Member]
Long-term Debt	$ 250,000
Debt Instrument, Basis Spread on Variable Rate	2.00%
Maturity Of Fixed Term Fifteen [Member]
Long-term Debt	$ 4,000,000
Debt Instrument, Basis Spread on Variable Rate	0.00%
Maturity Of Fixed Term Sixteen [Member]
Long-term Debt	$ 4,000,000
Debt Instrument, Basis Spread on Variable Rate	0.00%
Maturity Of Fixed Term Seventeen [Member]
Long-term Debt	$ 500,000
Debt Instrument, Basis Spread on Variable Rate	2.87%
Maturity Of Fixed Term Eighteen [Member]
Long-term Debt	$ 2,377,000
Debt Instrument, Basis Spread on Variable Rate	0.00%
Maturity Of Fixed Term Nineteen [Member]
Long-term Debt	$ 1,000,000	1,000,000
Debt Instrument, Basis Spread on Variable Rate	1.60%
Maturity Of Fixed Term Twenty [Member]
Long-term Debt	$ 5,000,000	5,000,000
Debt Instrument, Basis Spread on Variable Rate	2.37%
Maturity Of Fixed Term Twenty One [Member]
Long-term Debt	$ 2,000,000	2,000,000
Debt Instrument, Basis Spread on Variable Rate	1.67%
Maturity Of Fixed Term Twenty Two [Member]
Long-term Debt	$ 250,000
Debt Instrument, Basis Spread on Variable Rate	2.07%
Maturity Of Fixed Term Twenty Three [Member]
Long-term Debt	$ 500,000
Debt Instrument, Basis Spread on Variable Rate	2.76%
Maturity Of Fixed Term Twenty Four [Member]
Long-term Debt	$ 500,000
Debt Instrument, Basis Spread on Variable Rate	2.83%
Maturity Of Fixed Term Twenty Five [Member]
Long-term Debt	$ 400,000	400,000
Debt Instrument, Basis Spread on Variable Rate	1.28%
Maturity Of Fixed Term Twenty Six [Member]
Long-term Debt	$ 508,000
Debt Instrument, Basis Spread on Variable Rate	0.00%
Commercial Bank One [Member]
Line of Credit Facility, Maximum Borrowing Capacity	$ 5,000,000
Line of credit with bank	5,000,000
Long-term Line of Credit	0	5,000,000
Commercial Bank Two [Member]
Line of Credit Facility, Maximum Borrowing Capacity	5,000,000
Line of credit with bank	5,000,000
Long-term Line of Credit		$ 5,000,000
Commercial Bank Three Member
Line of Credit Facility, Maximum Borrowing Capacity	7,500,000
Line of credit with bank	7,500,000
Long-term Line of Credit	$ 0

NOTES PAYABLE - Future maturiti

NOTES PAYABLE - Future maturities (Details) - USD ($) $ in Thousands	Jun. 30, 2020	Dec. 31, 2019
NOTES PAYABLE
1 year or less	$ 20,777	$ 1,400
1 to 2 years	2,400	8,400
2 to 3 years	600	10,000
3 to 4 years	600	10,000
4 to 5 years		10,000
Over 5 years	611
Long-term Debt, Total	$ 24,988	$ 39,800

SUBORDINATED NOTES (Details)

SUBORDINATED NOTES (Details) - USD ($)	Jul. 22, 2020	Jun. 30, 2020	May 15, 2020	Dec. 31, 2019
Subordinated Borrowing [Line Items]
Subordinated Debt		$ 18,549,000		$ 18,622,000
Subordinated debt acquired		49,000	$ 6,500,000	122,000
Commercial Bank One [Member]
Subordinated Borrowing [Line Items]
Maximum borrowing capacity		5,000,000
Commercial Bank Two [Member]
Subordinated Borrowing [Line Items]
Maximum borrowing capacity		5,000,000
Subordinated Debt [Member]
Subordinated Borrowing [Line Items]
Subordinated Debt		11,500,000		11,500,000
Long-term Debt, Gross		7,000,000		$ 7,100,000
Liabilities, Fair Value Adjustment		$ 200,000
Debt Instrument, Interest Rate During Period		7.10%
Maturity term		10 years
Subordinated Debt [Member] | Subsequent Events
Subordinated Borrowing [Line Items]
Maximum borrowing capacity	$ 12,000,000
Maturity term	10 years
Interest at fixed rate (as a percent)	5.00%
Subordinated Debt [Member] | Subsequent Events | Commercial Bank One [Member]
Subordinated Borrowing [Line Items]
Maximum borrowing capacity	$ 6,000,000

REGULATORY MATTERS (Details)

REGULATORY MATTERS (Details) - USD ($) $ in Thousands	Jun. 30, 2020	Dec. 31, 2019
Total capital (to risk-weighted assets):
Capital	$ 240,638	$ 215,347
Capital to Risk Weighted Assets	11.42%	10.69%
Capital Required for Capital Adequacy	$ 168,605	$ 161,163
Capital Required for Capital Adequacy to Risk Weighted Assets	8.00%	8.00%
Excess Capital	$ 221,294	$ 211,527
Excess Capital to Risk Weighted Assets	10.50%	10.50%
Capital Required to be Well Capitalized	$ 210,757	$ 201,454
Capital Required to be Well Capitalized to Risk Weighted Assets	10.00%	10.00%
Tier One Risk Based Capital [Abstract]
Tier One Risk Based Capital	$ 224,567	$ 203,951
Tier One Risk Based Capital to Risk Weighted Assets	10.66%	10.12%
Tier One Risk Based Capital Required for Capital Adequacy	$ 126,454	$ 120,872
Tier One Risk Based Capital Required for Capital Adequacy to Risk Weighted Assets	6.00%	6.00%
Excess Tier One Risk Based Capital	$ 179,143	$ 171,236
Excess Tier One Risk Based Capital to Risk Weighted Assets	8.50%	8.50%
Tier One Risk Based Capital Required to be Well Capitalized	$ 168,605	$ 161,163
Tier One Risk Based Capital Required to be Well Capitalized to Risk Weighted Assets	8.00%	8.00%
Common Equity Tier One Capital [Abstract]
Common Equity Tier One Capital	$ 224,567	$ 203,951
Common Equity Tier One Capital Ratio	10.66%	10.12%
Common Equity Tier One Capital Required for Capital Adequacy	$ 94,840	$ 90,654
Common Equity Tier One Capital Required for Capital Adequacy To Risk Weighted Assets	4.50%	4.50%
Excess Common Equity Tier One Capital	$ 147,530	$ 141,018
Excess Common Equity Tier One Capital to Risk Weighted Assets	7.00%	7.00%
Common Equity Tier One Capital Required to be Well-Capitalized	$ 136,992	$ 130,945
Common Equity Tier One Capital Required To Be Well Capitalized To Risk Weighted Assets	6.50%	6.50%
Tier One Leverage Capital [Abstract]
Tier One Leverage Capital	$ 224,567	$ 203,951
Tier One Leverage Capital to Average Assets	9.18%	9.67%
Tier One Leverage Capital Required for Capital Adequacy	$ 97,879	$ 84,390
Tier One Leverage Capital Required for Capital Adequacy to Average Assets	4.00%	4.00%
Excess Tier One Leverage Capital	$ 97,879	$ 84,390
Excess Tier One Leverage Capital to Average Assets	4.00%	4.00%
Tier One Leverage Capital Required to be Well Capitalized	$ 122,349	$ 105,487
Tier One Leverage Capital Required to be Well Capitalized to Average Assets	5.00%	5.00%
Company [Member]
Total capital (to risk-weighted assets):
Capital	$ 243,784	$ 208,900
Capital to Risk Weighted Assets	11.57%	10.35%
Tier One Risk Based Capital [Abstract]
Tier One Risk Based Capital	$ 209,164	$ 178,882
Tier One Risk Based Capital to Risk Weighted Assets	9.92%	8.86%
Common Equity Tier One Capital [Abstract]
Common Equity Tier One Capital	$ 209,164	$ 178,882
Common Equity Tier One Capital Ratio	9.92%	8.86%
Tier One Leverage Capital [Abstract]
Tier One Leverage Capital	$ 209,164	$ 178,882
Tier One Leverage Capital to Average Assets	8.50%	8.46%

REGULATORY MATTERS - Additional

REGULATORY MATTERS - Additional Information (Details) - USD ($) $ in Billions	Jun. 30, 2020	Jan. 01, 2019
REGULATORY MATTERS
Capital Conservative Buffer		2.50%
Threshold Amount Subject To Federal Reserve	$ 3

COMMITMENTS AND CONTINGENCIES_2

COMMITMENTS AND CONTINGENCIES (Details) - USD ($) $ in Thousands	Jun. 30, 2020	Dec. 31, 2019
COMMITMENTS AND CONTINGENCIES
Fixed	$ 68,022	$ 49,741
Variable	377,052	333,468
Credit card arrangements	9,719	11,148
Letters of credit	$ 7,501	$ 17,121

COMMITMENTS AND CONTINGENCIES -

COMMITMENTS AND CONTINGENCIES - Additional Information (Details) - USD ($) $ in Millions	Jun. 30, 2020	Dec. 31, 2019
Interest Rate Lock Commitments [Member]
Derivative, Notional Amount	$ 62	$ 14.8

FAIR VALUE MEASUREMENTS (Detail

FAIR VALUE MEASUREMENTS (Details) - USD ($) $ in Thousands	Jun. 30, 2020	Dec. 31, 2019	Dec. 31, 2018
Securities available for sale
Mortgage servicing rights	$ 4,126	$ 4,287	$ 3,085
Quoted Prices In Active Markets for Identical Assets (Level 1)
Securities available for sale
Mortgage servicing rights	0	0
Significant Other Other Inputs (Level 2)
Securities available for sale
Mortgage servicing rights	4,126	4,287
Significant Unobservable Inputs (Level 3)
Securities available for sale
Mortgage servicing rights	0	0
Corporate notes
Securities available for sale
Instruments Measured At Fair Value	27,512	62,955
Corporate notes | Quoted Prices In Active Markets for Identical Assets (Level 1)
Securities available for sale
Instruments Measured At Fair Value	0	0
Corporate notes | Significant Other Other Inputs (Level 2)
Securities available for sale
Instruments Measured At Fair Value	27,512	62,955
Corporate notes | Significant Unobservable Inputs (Level 3)
Securities available for sale
Instruments Measured At Fair Value	0	0
Certificates of deposit
Securities available for sale
Instruments Measured At Fair Value	2,619
Certificates of deposit | Quoted Prices In Active Markets for Identical Assets (Level 1)
Securities available for sale
Instruments Measured At Fair Value	0
Certificates of deposit | Significant Other Other Inputs (Level 2)
Securities available for sale
Instruments Measured At Fair Value	2,619
Certificates of deposit | Significant Unobservable Inputs (Level 3)
Securities available for sale
Instruments Measured At Fair Value	0
Obligations of U.S. Government sponsored agencies
Securities available for sale
Instruments Measured At Fair Value	14,599	12,060
Obligations of U.S. Government sponsored agencies | Quoted Prices In Active Markets for Identical Assets (Level 1)
Securities available for sale
Instruments Measured At Fair Value	0	0
Obligations of U.S. Government sponsored agencies | Significant Other Other Inputs (Level 2)
Securities available for sale
Instruments Measured At Fair Value	14,599	12,060
Obligations of U.S. Government sponsored agencies | Significant Unobservable Inputs (Level 3)
Securities available for sale
Instruments Measured At Fair Value	0	0
Obligations of states and political subdivisions [Member]
Securities available for sale
Instruments Measured At Fair Value	75,226	54,771
Obligations of states and political subdivisions [Member] | Quoted Prices In Active Markets for Identical Assets (Level 1)
Securities available for sale
Instruments Measured At Fair Value	0	0
Obligations of states and political subdivisions [Member] | Significant Other Other Inputs (Level 2)
Securities available for sale
Instruments Measured At Fair Value	75,226	54,771
Obligations of states and political subdivisions [Member] | Significant Unobservable Inputs (Level 3)
Securities available for sale
Instruments Measured At Fair Value	0	0
Mortgage-backed securities [Member]
Securities available for sale
Instruments Measured At Fair Value	54,111	51,720
Mortgage-backed securities [Member] | Quoted Prices In Active Markets for Identical Assets (Level 1)
Securities available for sale
Instruments Measured At Fair Value	0	0
Mortgage-backed securities [Member] | Significant Other Other Inputs (Level 2)
Securities available for sale
Instruments Measured At Fair Value	54,111	51,720
Mortgage-backed securities [Member] | Significant Unobservable Inputs (Level 3)
Securities available for sale
Instruments Measured At Fair Value	$ 0	$ 0

FAIR VALUE MEASUREMENTS - Fair

FAIR VALUE MEASUREMENTS - Fair value of assets measured on a recurring basis (Details) - Obligations of states and political subdivisions [Member] - USD ($) $ in Thousands	6 Months Ended	12 Months Ended
	Jun. 30, 2020	Dec. 31, 2019
Total securities at beginning of period	$ 0	$ 400
Included in earnings	0	0
Included in other comprehensive income	0	0
Purchases, issuance, and settlements	0	(400)
Transfer in and/or out of level 3	0	0
Total securities at end of period	$ 0	$ 0

FAIR VALUE MEASUREMENTS - Fai_2

FAIR VALUE MEASUREMENTS - Fair value of assets measured on a non-recurring basis (Details) - USD ($) $ in Thousands	Jun. 30, 2020	Dec. 31, 2019
OREO	$ 2,269	$ 6,888
Impaired Loans, net of impairment reserve	27,561	6,847
Assets, Fair Value Disclosure	29,830	13,735
Quoted Prices In Active Markets for Identical Assets (Level 1)
Impaired Loans, net of impairment reserve	0	0
Quoted Prices In Active Markets for Identical Assets (Level 1) | Fair Value, Measurements, Nonrecurring [Member]
OREO	0	0
Impaired Loans, net of impairment reserve	0	0
Assets, Fair Value Disclosure	0	0
Significant Other Other Inputs (Level 2)
Impaired Loans, net of impairment reserve	0	0
Significant Other Other Inputs (Level 2) | Fair Value, Measurements, Nonrecurring [Member]
OREO	0	0
Impaired Loans, net of impairment reserve	0	0
Assets, Fair Value Disclosure	0	0
Significant Unobservable Inputs (Level 3)
Impaired Loans, net of impairment reserve	2,112,222	1,723,542
Significant Unobservable Inputs (Level 3) | Fair Value, Measurements, Nonrecurring [Member]
OREO	2,269	6,888
Impaired Loans, net of impairment reserve	27,561	6,847
Assets, Fair Value Disclosure	$ 29,830	$ 13,735

FAIR VALUE MEASUREMENTS - Fai_3

FAIR VALUE MEASUREMENTS - Fair value measurement on inputs and valuation techniques (Details)	6 Months Ended	12 Months Ended
	Jun. 30, 2020	Dec. 31, 2019
Third party appraisals, sales contracts or brokered price options
Other real estate owned	Collateral discounts and estimated costs to sell	Collateral discounts and estimated costs to sell
Third party appraisals, sales contracts or brokered price options | Maximum [Member] | Measurement Input, Discount Rate [Member]
Other real estate owned	100	61
Third party appraisals, sales contracts or brokered price options | Minimum [Member] | Measurement Input, Discount Rate [Member]
Other real estate owned	0	0
Third party appraisals, sales contracts or brokered price options | Weighted Average [Member] | Measurement Input, Discount Rate [Member]
Other real estate owned	34.3	33.5
Third party appraisals and discounted cash flows
Impaired Loans, Unobservable Inputs	Collateral discounts and discount rates	Collateral discounts and discount rates
Third party appraisals and discounted cash flows | Maximum [Member] | Measurement Input, Discount Rate [Member]
Loans Held-for-sale, Measurement Input	100	100
Third party appraisals and discounted cash flows | Minimum [Member] | Measurement Input, Discount Rate [Member]
Loans Held-for-sale, Measurement Input	0	0
Third party appraisals and discounted cash flows | Weighted Average [Member] | Measurement Input, Discount Rate [Member]
Loans Held-for-sale, Measurement Input	6.8	6.1

FAIR VALUE MEASUREMENTS - Carry

FAIR VALUE MEASUREMENTS - Carrying value and estimated fair value (Details) - USD ($) $ in Thousands	Jun. 30, 2020	Dec. 31, 2019	Dec. 31, 2018
Financial assets:
Securities held to maturity	$ 9,600	$ 44,803
Securities available for sale	174,067	181,506
Loans, net	27,561	6,847
Mortgage servicing rights	4,126	4,287	$ 3,085
Quoted Prices In Active Markets for Identical Assets (Level 1)
Financial assets:
Cash and cash equivalents	177,321	86,452
Securities held to maturity	0	0
Securities available for sale	0	0
Loans held for sale	0	0
Loans, net	0	0
Other investments, at cost	0	0
Mortgage servicing rights	0	0
Cash surrender value of life insurance	30,996	24,945
Financial liabilities:
Deposits	0	0
Securities sold under repurchase agreements	0	0
Notes Payable	0	0
Subordinated notes	0	0
Significant Other Other Inputs (Level 2)
Financial assets:
Cash and cash equivalents	0	0
Securities held to maturity	9,600	44,803
Securities available for sale	174,067	181,506
Loans held for sale	0	0
Loans, net	0	0
Other investments, at cost	0	0
Mortgage servicing rights	4,126	4,287
Cash surrender value of life insurance	0	0
Financial liabilities:
Deposits	0	0
Securities sold under repurchase agreements	57,422	45,865
Notes Payable	25,172	49,790
Subordinated notes	18,549	18,622
Significant Unobservable Inputs (Level 3)
Financial assets:
Cash and cash equivalents	0	0
Securities held to maturity	0	0
Securities available for sale	0	0
Loans held for sale	1,479	587
Loans, net	2,112,222	1,723,542
Other investments, at cost	7,838	4,933
Mortgage servicing rights	0	0
Cash surrender value of life insurance	0	0
Financial liabilities:
Deposits	2,238,793	1,783,638
Securities sold under repurchase agreements	0	0
Notes Payable	0	0
Subordinated notes	0	0
Carrying Amount [Member]
Financial assets:
Cash and cash equivalents	177,321	86,452
Securities held to maturity	9,579	43,734
Securities available for sale	174,067	181,506
Loans held for sale	1,479	587
Loans, net	2,098,952	1,724,947
Other investments, at cost	7,838	4,933
Mortgage servicing rights	4,126	4,287
Cash surrender value of life insurance	30,996	24,945
Financial liabilities:
Deposits	2,263,145	1,843,311
Securities sold under repurchase agreements	57,442	45,865
Notes Payable	25,172	49,790
Subordinated notes	18,549	18,622
Estimated Fair Value [Member]
Financial assets:
Cash and cash equivalents	177,321	86,452
Securities held to maturity	9,600	44,803
Securities available for sale	174,067	181,506
Loans held for sale	1,479	587
Loans, net	2,112,222	1,723,542
Other investments, at cost	7,838	4,933
Mortgage servicing rights	4,126	4,287
Cash surrender value of life insurance	30,996	24,945
Financial liabilities:
Deposits	2,238,793	1,783,638
Securities sold under repurchase agreements	57,422	45,865
Notes Payable	25,172	49,790
Subordinated notes	$ 18,549	$ 18,622

STOCK BASED COMPENSATION (Detai

STOCK BASED COMPENSATION (Details) - $ / shares	6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019
STOCK BASED COMPENSATION
Restricted Stock, Shares Outstanding at beginning of period	50,676	51,776
Restricted Stock, Shares Granted	27,067	17,015
Restricted Stock, Shares Vested	(18,623)	(17,212)
Restricted Stock, Shares Forfeited or cancelled	(99)	(176)
Restricted Stock, Shares Outstanding at end of period	59,021	51,403
Weighted-Average Grant-Date Fair Value, Outstanding at beginning of period	$ 43.03	$ 34.27
Weighted-Average Grant-Date Fair Value, Granted	65.34	56.62
Weighted-Average Grant-Date Fair Value, Vested	37.28	30.54
Weighted-Average Grant-Date Fair Value, Forfeited or cancelled	26.50	22.90
Weighted-Average Grant-Date Fair Value, Outstanding at end of period	$ 52.99	$ 43.06

STOCK BASED COMPENSATION - Addi

STOCK BASED COMPENSATION - Additional Information (Details) - USD ($) $ in Millions	6 Months Ended		12 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Dec. 31, 2019
Employee Service Share-based Compensation, Nonvested Awards, Compensation Not yet Recognized, Share-based Awards Other than Options	$ 2.7
Employee Service Share-based Compensation, Nonvested Awards, Compensation Cost Not yet Recognized, Period for Recognition	3 years 1 month 20 days
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Vested in Period, Fair Value	$ 0.7
Restricted Stock or Unit Expense	$ 0.5	$ 0.3	$ 0.5
2011 Equity Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Authorized	659,250
Share-based Compensation Arrangement by Share-based Payment Award, Non-Option Equity Instruments, Outstanding, Number	204,529		177,462

LEASES (Details)

LEASES (Details) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019
LEASES
Amortization of ROU Assets - Finance Leases	$ 20	$ 26
Interest on Lease Liabilities - Finance Leases	46	39
Operating Lease Cost (Cost resulting from lease payments)	66	65
ROU Assets - Operating Leases at beginning of period	1,699
New ROU Assets - Operating Leases		1,744
ROU Assets - Operating Leases at June 30,	$ 1,678	$ 1,718
Weighted Average Lease Term (Years) - Operating Leases	31 years 6 months 7 days	31 years 7 months 17 days
Weighted Average Discount Rate - Operating Leases	5.50%	5.50%

LEASES - Operating Lease (Detai

LEASES - Operating Lease (Details) $ in Thousands	Jun. 30, 2020USD ($)
Operating lease payments due:
Within one year	$ 139
After one but within two years	132
After two but within three years	93
After three but within four years	85
After four years but within five years	85
After five years	3,368
Total undiscounted cash flows	3,902
Discount on cash flows	(2,224)
Total operating lease liabilities	$ 1,678