Midsouth Bancorp (MSL) 10-K 18 Mar 19 2018 FY Annual report Financial data

Document and Entity Information

Document and Entity Information - USD ($)	12 Months Ended
	Dec. 31, 2018	Feb. 28, 2019	Jun. 29, 2018
Document and Entity Information [Abstract]
Entity Registrant Name	MIDSOUTH BANCORP INC
Entity Central Index Key	0000745981
Current Fiscal Year End Date	--12-31
Entity Filer Category	Accelerated Filer
Entity Small Business	true
Entity Emerging Growth Company	false
Entity Common Stock, Shares Outstanding		16,714,171
Document Fiscal Year Focus	2018
Document Fiscal Period Focus	FY
Document Type	10-K
Amendment Flag	false
Document Period End Date	Dec. 31, 2018
Entity Well-known Seasoned Issuer	No
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Shell Company	false
Entity Public Float			$ 220,299,932

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($) $ in Thousands	Dec. 31, 2018	Dec. 31, 2017
Assets
Cash and due from banks	$ 27,701	$ 36,329
Interest-bearing deposits in banks	174,909	113,285
Federal funds sold	2,761	3,350
Securities available-for-sale, at fair value (cost $443,928 and $310,484)	437,754	307,130
Securities held-to-maturity, (fair value $36,974 and $80,920)	37,759	81,052
Total securities	475,513	388,182
Other investments	16,614	14,275
Loans held-for-sale	23,876	15,737
Loans	899,785	1,183,426
Allowance for loan losses	(17,430)	(26,888)
Loans, net	882,355	1,156,538
Premises and equipment, net	55,382	59,057
Goodwill and other intangibles assets	44,580	45,686
Cash surrender value of life insurance	15,135	14,896
Other real estate owned	1,067	2,001
Other assets	23,505	31,816
Total Assets	1,743,398	1,881,152
Deposits
Noninterest-bearing	383,167	416,547
Interest-bearing	1,068,904	1,063,142
Total deposits	1,452,071	1,479,689
Securities sold under agreements to repurchase	11,220	67,133
Federal Home Loan Bank advances	27,500	50,021
Junior subordinated debentures	22,167	22,167
Other liabilities	8,450	8,127
Total liabilities	1,521,408	1,627,137
Commitments and contingencies (Note 15)
Stockholders’ equity
Common stock, $0.10 par value; 30,000,000 shares authorized, 16,641,017 and 16,548,829 shares issued and outstanding, respectively	1,664	1,655
Additional paid-in capital	169,111	168,412
Unearned ESOP shares	0	(937)
Accumulated other comprehensive loss	(4,035)	(1,828)
Retained earnings	14,278	45,726
Total stockholders’ equity	221,990	254,015
Total liabilities and stockholders’ equity	1,743,398	1,881,152
Series B Preferred stock
Stockholders’ equity
Preferred stock	32,000	32,000
Series C Preferred stock
Stockholders’ equity
Preferred stock	$ 8,972	$ 8,987

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Thousands	Dec. 31, 2018	Dec. 31, 2017
Securities available-for-sale, cost	$ 443,928	$ 310,484
Securities held-to-maturity, fair value	$ 36,974	$ 80,920
Common stock, par value (in dollars per share)	$ 0.10	$ 0.10
Common stock, authorized (in shares)	30,000,000	30,000,000
Common stock, issued (in shares)	16,641,017	16,548,829
Common stock, outstanding (in shares)	16,641,017	16,548,829
Series B Preferred stock
Preferred stock, authorized (in shares)	5,000,000	5,000,000
Preferred stock, issued (in shares)	32,000	32,000
Preferred stock, outstanding (in shares)	32,000	32,000
Series C Preferred stock
Preferred stock, authorized (in shares)	100,000	100,000
Preferred stock, issued (in shares)	89,721	89,875
Preferred stock, outstanding (in shares)	89,721	89,875

Consolidated Statements of Oper

Consolidated Statements of Operations - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017
Interest income:
Loans, including fees	$ 60,485	$ 68,708
Investment securities:
Taxable	9,246	9,180
Nontaxable	1,146	1,498
Other interest income	4,635	1,237
Total interest income	75,512	80,623
Interest expense:
Deposits	5,919	4,099
Securities under agreement to repurchase	98	685
Federal Home Loan Bank advances	466	412
Junior subordinated debentures	1,025	830
Total interest expense	7,508	6,026
Net interest income	68,004	74,597
Provision for loan losses	16,740	30,200
Net interest income after provision for loan losses	51,264	44,397
Noninterest income:
Service charges on deposit accounts	7,844	8,968
ATM and debit card income	8,081	7,668
Credit card income	1,518	1,543
Gain (loss) on securities, net	(49)	347
Gain on sale of branches	0	744
Other	2,109	2,511
Total noninterest income	19,503	21,781
Noninterest expenses:
Salaries and employee benefits	32,292	33,889
Occupancy expense	12,501	15,670
ATM and debit card expense	2,555	2,721
Loss on transfer of loans to held-for-sale	987	6,030
Remediation expense	19,721	2,628
Other	24,261	19,599
Total noninterest expense	92,317	80,537
Loss before income taxes	(21,550)	(14,359)
Income tax (benefit) expense	5,966	(2,598)
Net loss	(27,516)	(11,761)
Dividends on preferred stock	3,239	3,242
Net loss available to common stockholders	$ (30,755)	$ (15,003)
Loss per common share:
Basic (in dollars per share)	$ (1.85)	$ (1.06)
Diluted (in dollars per share)	$ (1.85)	$ (1.06)

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Loss - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017
Statement of Comprehensive Income [Abstract]
Net loss	$ (27,516)	$ (11,761)
Unrealized losses on securities available-for-sale:
Unrealized holding losses arising during the year	(2,335)	(503)
Less: reclassification adjustment for securities transferred from held-to-maturity to available-for-sale	58	0
Less: reclassification adjustment for net loss (gain) on sales of securities available-for-sale	49	(347)
Net change in unrealized losses on securities available-for-sale	(2,228)	(850)
Unrealized gain on derivative instruments designated as cash flow hedges:
Unrealized holdings gains on derivatives arising during the period	257	106
Less: reclassification adjustment for gains on derivative instruments	(267)	(17)
Net change in unrealized (loss) gain on derivative instruments	(10)	89
Total other comprehensive loss, before tax	(2,238)	(761)
Income tax effect related to items of other comprehensive loss	0	267
Total other comprehensive loss, net of tax	(2,238)	(494)
Total comprehensive loss	$ (29,754)	$ (12,255)

Consolidated Statements of Stoc

Consolidated Statements of Stockholders' Equity - USD ($) $ in Thousands	Total	Series B Preferred stock	Series C Preferred stock	Preferred Stock	Common Stock	Surplus	Unearned ESOP Shares	Accumulated Other Comprehensive Loss	Retained Earnings	Retained EarningsSeries B Preferred stock	Retained EarningsSeries C Preferred stock
Beginning balance (in shares) at Dec. 31, 2016				123,098	11,362,716
Beginning balance at Dec. 31, 2016	$ 214,376			$ 41,110	$ 1,136	$ 111,166	$ (1,233)	$ (1,010)	$ 63,207
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net loss	(11,761)								(11,761)
Dividends on preferred stock		$ (2,880)	$ (362)							$ (2,880)	$ (362)
Dividends on common stock	(2,802)								(2,802)
Conversion of Series C preferred stock to common stock (in shares)				(1,223)	6,791
Conversion of Series C preferred stock to common stock				$ (123)	$ 1	122
Issuance of common stock, net of offering expenses of $683 (in shares)					5,100,034
Issuance of common stock, net of offering expenses of $683	57,151				$ 510	56,641
Restricted stock grant (in shares)					58,090
Restricted stock grant					$ 6	(6)
Vested restricted stock (in shares)					700
Exercise of stock options (in shares)					20,498
Exercise of stock options	266				$ 2	264
ESOP shares released for allocation	296						296
Stock based compensation expense	225					225
Adoption ASU 2018-02								(324)	324
Change in accumulated other comprehensive income/loss	(494)							(494)
Ending balance at Dec. 31, 2017	254,015			$ 40,987	$ 1,655	168,412	(937)	(1,828)	45,726
Ending balance (in shares) at Dec. 31, 2017				121,875	16,548,829
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net loss	(27,516)								(27,516)
Dividends on preferred stock		$ (2,880)	$ (359)							$ (2,880)	$ (359)
Dividends on common stock	(662)								(662)
Conversion of Series C preferred stock to common stock (in shares)				(154)	855
Conversion of Series C preferred stock to common stock				$ (15)		15
Restricted stock grant (in shares)					84,998
Restricted stock grant					$ 8	(8)
Restricted stock forfeitures (in shares)					(43,197)
Restricted stock forfeitures					$ (4)	4
Exercise of stock options (in shares)					49,532
Exercise of stock options	643				$ 5	638
ESOP shares released for allocation	127						127
ESOP reversal of unreleased shares	810						810
Stock based compensation expense	50					50
Change in accumulated other comprehensive income/loss	(2,238)							(2,238)
Ending balance at Dec. 31, 2018	$ 221,990			$ 40,972	$ 1,664	$ 169,111	$ 0	$ (4,035)	$ 14,278
Ending balance (in shares) at Dec. 31, 2018				121,721	16,641,017

Consolidated Statements of St_2

Consolidated Statements of Stockholders' Equity (Parenthetical) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017
Statement of Stockholders' Equity [Abstract]
Dividends on common stock (in dollars per share)	$ 0.01	$ 0.20
Offering expenses		$ 683

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017
Cash flows from operating activities:
Net loss	$ (27,516)	$ (11,761)
Adjustments to reconcile net loss to net cash provided by operating activities:
Depreciation, amortization, and accretion	7,569	8,199
Provision for loan losses	16,740	30,200
Deferred tax expense (benefit)	5,392	(879)
Net loss (gain) on sale of other real estate owned	70	(18)
Net write down of other real estate owned	212	422
Net (gain) loss on sale/disposal of premises and equipment	(239)	550
Proceeds from sale of loans held-for-sale	15,623	0
Write down of assets held-for-sale	0	1,359
Loss on transfer of loans to held-for-sale	987	6,030
Stock-based compensation expense	19	163
ESOP compensation expense	31	62
Net loss (gain) on sale of investment securities	49	(347)
Change in other assets, net	3,545	(9,822)
Change in other liabilities, net	87	1,119
Net cash provided by operating activities	22,569	25,277
Cash flows from investing activities:
Proceeds from maturities and calls of securities available-for-sale	50,195	56,452
Proceeds from maturities and calls of securities held-to-maturity	18,644	15,417
Proceeds from sale of securities available-for-sale	8,965	16,979
Proceeds from sale of security held-to-maturity	0	887
Purchases of securities available-for-sale	(170,940)	(43,223)
Proceeds from redemption of other investments	0	57
Purchases of other investments	(2,386)	(916)
Net change in loans	234,273	50,544
Purchases of premises and equipment	(1,524)	(3,756)
Proceeds from sale of premises and equipment	875	2,075
Proceeds from sale of other real estate owned	1,108	1,763
Net cash provided by investing activities	139,210	96,279
Cash flows from financing activities:
Change in deposits	(27,618)	(99,741)
Change in securities sold under agreements to repurchase	(55,913)	(27,328)
Borrowings from FHLB	330,000	90,000
Repayments to FHLB	(352,500)	(65,046)
Proceeds from exercise of stock options	643	266
Proceeds from issuance of common stock	0	57,151
Payment of dividends on preferred stock	(3,239)	(3,242)
Payment of dividends on common stock	(662)	(2,880)
Net cash used in financing activities	(109,289)	(50,820)
Net increase in cash and cash equivalents	52,490	70,736
Cash and cash equivalents, beginning of year	152,964	82,228
Cash and cash equivalents, end of year	205,454	152,964
Supplemental cash flow information:
Interest paid	7,495	6,057
Income taxes paid	0	2,500
Noncash investing and financing activities:
Transfer of held-to-maturity securities to available-for-sale	23,945	0
Transfer of loans to other real estate	456	1,993
Transfer of loans to held-for-sale	$ 24,097	$ 15,737

SUMMARY OF SIGNIFICANT ACCOUNTI

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	12 Months Ended
	Dec. 31, 2018
Accounting Policies [Abstract]
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Basis of Presentation —The consolidated financial statements include the accounts of MidSouth Bancorp, Inc. (the “Company”) and its wholly owned subsidiary MidSouth Bank, N.A. (the “Bank”). All significant intercompany accounts and transactions have been eliminated in consolidation. We are subject to regulation under the Bank Holding Company Act of 1956. The Bank is primarily regulated by the Office of the Comptroller of the Currency (“OCC”) and the Federal Deposit Insurance Corporation (“FDIC”). We are a bank holding company headquartered in Lafayette, Louisiana operating principally in the community banking business by providing banking services to commercial and retail customers through the Bank. The Bank is community oriented and focuses primarily on offering competitive commercial and consumer loan and deposit services to individuals and small to middle market businesses in Louisiana and central and east Texas. The accounting principles we follow and the methods of applying these principles conform with accounting principles generally accepted in the United States of America (“GAAP”) and with general practices within the banking industry. In preparing the financial statements in conformity with GAAP, management is required to make estimates and assumptions that affect the reported amounts in the financial statements. Actual results could differ significantly from those estimates. Material estimates common to the banking industry that are particularly susceptible to significant change in the near term include, but are not limited to, the determination of the allowance for loan losses, the valuation of real estate acquired in connection with or in lieu of foreclosure on loans, the assessment of goodwill for impairment, and valuation allowances associated with the realization of deferred tax assets which are based on future taxable income. Given the current instability of the economic environment, it is reasonably possible that the methodology of the assessment of potential loan losses, losses on other real estate owned, goodwill impairment, and other fair value measurements could change in the near term or could result in impairment going forward. A summary of significant accounting policies follows: Cash and cash equivalents —Cash and cash equivalents include cash on hand, amounts due from banks, interest-bearing deposits in other banks with original maturities of less than 90 days, and federal funds sold. At December 31, 2018 and 2017 , the reserve requirements were $9.9 million and $6.7 million , respectively and the requirement was met by cash on hand. Investment Securities —We determine the appropriate classification of debt securities at the time of purchase and reassesses this classification periodically. Trading account securities are held for resale in anticipation of short-term market movements. Debt securities are classified as held-to-maturity when we have the positive intent and ability to hold the securities to maturity. Securities not classified as held-to-maturity or trading are classified as available-for-sale. We had no trading account securities during the two years ended December 31, 2018 . Held-to-maturity securities are stated at amortized cost. Available-for-sale securities are stated at fair value, with unrealized gains and losses, net of deferred taxes, reported as a separate component of stockholders’ equity. The amortized cost of debt securities classified as held-to-maturity or available-for-sale is adjusted for amortization of premiums and accretion of discounts to maturity or, in the case of mortgage-backed securities, over the estimated life of the security. Amortization, accretion, and accrued interest are included in interest income on securities. Realized gains and losses on the sale of investment securities are included in earnings and are determined using the specific-identification method. Management evaluates investment securities for other than temporary impairment on a quarterly basis. A decline in the fair value of available-for-sale and held-to-maturity securities below cost that is deemed other than temporary is charged to earnings for a decline in value deemed to be credit related and a new cost basis for the security is established. The decline in value attributed to non-credit related factors is recognized in other comprehensive income. Other Investments —Other investments include Federal Reserve Bank and Federal Home Loan Bank stock, as well as other correspondent bank stocks, which have no readily determined market value and are carried at cost. Due to the redemption provisions of the investments, the fair value equals cost and no impairment exists. Loans held-for-sale —Loans are classified as held-for-sale when management has positively determined that the loans will be sold in the foreseeable future and the Company has the ability to do so. The classification may be made upon origination or subsequent to the origination or purchase. Once a decision has been made to sell loans not previously classified as held-for-sale, such loans are transferred into the held-for-sale classification and carried at the lower of cost or estimated fair value. Fair value is based on commitments from investors or prevailing market prices. Gains and losses on sales are recorded in noninterest income or expense. Loans —Loans that we have the intent and ability to hold for the foreseeable future or until maturity are reported at the principal amount outstanding, net of the allowance for loan losses and any deferred fees or costs on originated loans. Interest income on commercial and real estate mortgage loans is calculated by using the simple interest method on the daily balance of the principal amount outstanding. Unearned income on installment loans is credited to operations based on a method which approximates the interest method. The special assets and the collections departments are responsible for validating loans past due for reporting purposes. Once loans are determined to be past due, both departments actively works with customers to bring loans back to current status. We consider a loan to be impaired when, based upon current information and events, we believe it is probable that we will be unable to collect all amounts due according to the contractual terms of the loan agreement. All loans above a specific threshold classified as special mention, substandard, or doubtful, based on credit risk rating factors, are reviewed for potential impairment. Our impaired loans include troubled debt restructurings and performing and nonperforming major loans in which full payment of principal or interest is not expected. All TDRs, regardless of the outstanding balance, are reviewed for potential impairment. We calculate the allowance required for impaired loans based on the present value of expected future cash flows discounted at the loan’s effective interest rate, or at the loan’s observable market price or the fair value of the collateral if the loan is collateral dependent. A loan may be impaired but not on nonaccrual status when available information suggests that it is probable the Bank may not receive all contractual principal and interest, however, the loan is still current and payments are received in accordance with the terms of the loan. Payments received for impaired loans not on nonaccrual status are applied to principal and interest. All impaired loans are reviewed, at minimum, on a quarterly basis. Reviews may be performed more frequently if material information is available before the next scheduled quarterly review. Existing valuations are reviewed to determine if additional discounts or new appraisals are required. After this review, when comparing the resulting collateral valuation to the outstanding loan balance, if the discounted collateral value exceeds the loan balance no specific allocation is reserved. All loans included in our impairment analysis are subject to the same procedure and review, with no distinction given to the dollar amount of the loan. Our Credit Risk Committee meets monthly to review loans with adverse classifications. Loans greater than or equal to $1,000,000 with adverse classifications are reviewed monthly; loans between $250,000 and $1,000,000 with adverse classifications are reviewed quarterly. Loan officers, loan review officers, and special assets officers contribute updated information on each credit, reviewing potential declines or improvements in the borrower’s repayment ability and our collateral position. If deterioration in our collateral position is determined, additional discounts may be applied to the impairment analysis before the new appraisal is received. The committee makes a determination of whether the loans reviewed have reached a point of collateral dependency and sufficient doubt exists as to collectability. As a matter of policy, loans are placed on nonaccrual status when, in the judgment of committee members, the probability of collection of interest is deemed insufficient to warrant further accrual. For loans placed on nonaccrual status, the accrual of interest is discontinued and subsequent payments received are applied to the principal balance. Interest income is recorded after principal has been satisfied and as payments are received. Additionally, loans may be placed on nonaccrual status when the loan becomes 90 days past due and any of the following conditions exist: it becomes evident that the borrower will not make payments or will not or cannot meet the Bank’s terms for the renewal of a matured loan, full repayment of principal and interest is not expected, the loan has a credit risk rating of substandard, the borrower files bankruptcy and an approved plan of reorganization or liquidation is not anticipated in the near future, or foreclosure action is initiated. When a loan is placed on nonaccrual status, previously accrued but unpaid interest for the current year is deducted from interest income. Prior year unpaid interest is charged to the allowance for loan losses. Some loans may continue accruing after 90 days if the loan is in the process of renewing, being paid off, or the underlying collateral fully supports both the principal and accrued interest and the loan is in the process of collection. Nonaccrual loans may be returned to accrual status if all principal and interest amounts contractually owed are reasonably assured of repayment within a reasonable period and there is a period of at least six months to one year of repayment performance by the borrower depending on the contractual payment terms. When loans are returned to accrual status, interest income that was previously applied to the principal balance is not reversed but is recognized into interest income as an adjustment to the yield over the remaining life of the loan. Our Director of Special Assets and CCO must approve the return of loans to accrual status as well as exceptions to any requirements of the non-accrual policy. Generally, commercial, financial, and agricultural loans; construction loans; commercial real estate loans; consumer loans; and finance leases which become 90 days delinquent are either in the process of collection through repossession or foreclosure or are deemed currently uncollectible. The portion of loans deemed currently uncollectible, due to insufficient collateral, are charged-off against the allowance for loan losses. All loans requested to be charged-off must be specifically authorized by the Director of Special Assets and the CCO. Requests may be initiated by collection personnel, bank counsel, loan review, and lending personnel. Charge-offs will be reviewed by the Director of Special Assets and the CCO to ensure the propriety and accuracy of charge-off recommendations. Factors considered when determining loan collectability and amount to be charged off for all segments in our loan portfolio include delinquent principal or interest repayment, the ability of borrower to make future payments, collateral value of outstanding debt, and the adequacy of guarantors support. It is the responsibility of the Director of Special Assets to report all charge-offs to the Credit Risk Committee for ratification. Credit Risk Rating —We manage credit risk by observing written underwriting standards and lending policy established by the Board of Directors and management to govern all lending activities. The risk management program requires that each individual loan officer review his or her portfolio on a quarterly basis and assign recommended credit ratings on each loan. These efforts are supplemented by independent reviews performed by a loan review officer and other validations performed by the internal audit department. The results of the reviews are reported directly to the Audit Committee of the Board of Directors. Additionally, Bank concentrations are monitored and reported quarterly for risk rating distributions, major standard industry classification segments, real estate concentrations, and collateral distributions. Consumer and residential real estate loans are normally graded at inception, and the grade generally remains the same throughout the life of the loan. Loan grades on commercial, financial, and agricultural; construction; commercial real estate; and finance leases may be changed at any time when circumstances warrant, and are at a minimum reviewed quarterly. Loans can be classified into the following three risk rating groupings: pass, special mention, and substandard/doubtful. Factors considered in determining a risk rating grade include debt service capacity, capital structure/liquidity, management, collateral quality, industry risk, company trends/operating performance, repayment source, revenue diversification/customer concentration, quality of financial information, and financing alternatives. Pass grade signifies the highest quality of loans to loans with reasonable credit risk, which may include borrowers with marginally adequate financial performance, but have the ability to repay the debt. Special mention loans have potential weaknesses that warrant extra attention from the loan officer and other management personnel, but still have the ability to repay the debt. Substandard classification includes loans with well-defined weaknesses with risk of potential loss. Loans classified as doubtful are considered to have little recovery value and are charged off. Allowance for Loan Losses —The allowance for loan losses is a valuation account available to absorb probable losses on loans. All losses are charged to the allowance for loan losses when the loss actually occurs or when a determination is made that a loss is likely to occur. Recoveries are credited to the allowance for loan losses at the time of recovery. Quarterly, we estimate the probable level of losses in the existing portfolio through consideration of such factors including, but not limited to, past loan loss experience; estimated losses in significant credits; known deterioration in concentrations of credit; trends in nonperforming assets; volume and composition of the loan portfolio, including percentages of special mention, substandard and past due loans; lending policies and control systems; known inherent risks in the portfolio; adverse situations that may affect the borrower’s ability to repay; the estimated value of any underlying collateral; current national and local economic conditions, including the unemployment rate, the price of oil, and real estate absorption time; the experience, ability and depth of lending management; collections personnel experience; and the results of examinations of the loan portfolio by regulatory agencies and others. Based on these estimates, the allowance for loan losses is increased by charges to earnings and decreased by charge-offs (net of recoveries). The allowance is composed of general reserves and specific reserves. General reserves are determined by applying loss percentages to segments of the portfolio. The loss percentages are based on each segment’s historical loss experience, generally over the past three to five years, and adjustment factors derived from conditions in the Bank’s internal and external environment. All loans considered to be impaired are evaluated on an individual basis to determine specific reserve allocations in accordance with GAAP. Loans for which specific reserves are provided are excluded from the calculation of general reserves. We have an internal loan review department that is independent of the lending function to challenge and corroborate the loan grade assigned by the lender and to provide additional analysis in determining the adequacy of the allowance for loan losses. Management and the Board of Directors believe the allowance for loan losses is appropriate at December 31, 2018 . While determination of the allowance for loan losses is based on available information at a given point in time, future additions to the allowance may be necessary based on changes in economic conditions. In addition, various regulatory agencies, as an integral part of their examination process, periodically review our allowance for loan losses. Such agencies may require us to recognize additions or deductions to the allowance based on their judgment and information available to them at the time of their examination. Premises and Equipment —Premises and equipment are stated at cost less accumulated depreciation and amortization. Depreciation and amortization are computed using the straight-line method over the estimated useful lives of the assets. The estimated useful lives used to compute depreciation are: Buildings and improvements 10 - 40 years Furniture, fixtures, and equipment 3 - 10 years Automobiles 3 - 5 years Leasehold improvements are amortized over the estimated useful lives of the improvements or the term of the lease, whichever is shorter. Goodwill and Other Intangible Assets —Goodwill represents the excess of the purchase price over the fair value of the net identifiable assets acquired in a business combination. Goodwill and other intangible assets deemed to have an indefinite useful life are not amortized but instead are subject to review for impairment annually, or more frequently if deemed necessary. Also, in connection with business combinations involving banks and branch locations, we generally record core deposit intangibles representing the value of the acquired core deposit base. Core deposit intangibles are amortized over the estimated useful life of the deposit base, generally on either a straight-line basis not exceeding 15 years or an accelerated basis over 10 years . The remaining useful lives of core deposit intangibles are evaluated periodically to determine whether events and circumstances warrant revision of the remaining period of amortization. Cash Surrender Value of Life Insurance —Life insurance contracts represent single premium life insurance contracts on the lives of certain officers of the Company. The Company is the beneficiary of these policies. These contracts are reported at their cash surrender value and changes in the cash surrender value are included in other noninterest income. Other Real Estate Owned —Real estate properties acquired through, or in lieu of, loan foreclosures are initially recorded at fair value less estimated costs to sell based on a current valuation at the time of foreclosure. After foreclosure, valuations are periodically performed by management and a charge to earnings is recorded if the carrying value of a property exceeds its fair value less estimated costs to sell. Revenues and expenses from operations and changes in the valuation allowance are charged to earnings. Assets held-for-sale —Branch closures are evaluated to determine if the related land, buildings and building improvements should be transferred to assets held-for-sale in accordance with FASB ASC Topic 360, Property, Plant and Equipment. The property is transferred to assets held-for-sale at the lower of its carrying value or fair value less cost to sell. An impairment loss is recorded at the time of transfer if the carrying value of the assets exceeds the fair value. Impairment losses are recorded as non-interest expense. Derivatives —Derivative financial instruments are recognized as assets and liabilities on the consolidated balance sheets and, as required by ASC Topic 815, Derivatives and Hedging , the Company records all derivatives at fair value. Accounting for changes in fair value of derivatives differs depending on whether the derivative has been designated and qualifies as part of a hedge relationship, and further, on the type of relationship. Derivatives Designated as Hedging Relationships The Company has entered into forward interest rate swap contracts to minimize the variability of future cash flows that is caused by changes in interest rates or other economic factors. These derivative instruments were designated as cash flow hedges under ASC Topic 815, Derivatives and Hedging. For cash flow hedges, the effective portion of the gain or loss related to the derivative instrument is initially reported as a component of other comprehensive income and subsequently reclassified into earnings when the forecasted transaction affects earnings or when the hedge is terminated. The ineffective portion of the gain or loss is reported in earnings immediately. Derivatives Not Designated as Hedging Relationships The Company offers certain derivative instruments directly to qualified commercial lending clients seeking to manage their interest rate risk. These derivative instruments, including interest rate swap agreements, are not designated for hedge accounting and changes in fair value are recognized in earnings immediately. Interest rate swaps are contracts in which a series of interest rate cash flows are exchanged over a prescribed period. The notional balance of interest rate swap agreements held by the Company at December 31, 2018 and 2017 was minimal and not material to the consolidated balance sheets. Repurchase Agreements —Securities sold under agreements to repurchase are secured borrowings treated as financing activities and are carried at the amounts at which the securities will be subsequently reacquired as specified in the respective agreements. Deferred Compensation —We record the expense of deferred compensation agreements over the service periods of the persons covered under these agreements. Income Taxes —Deferred tax assets and liabilities are recorded for future tax consequences attributable to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax basis. Future tax benefits, such as net operating loss carry forwards, are recognized to the extent that realization of such benefits is more likely than not. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which the assets and liabilities are expected to be recovered or settled. The effect on deferred tax assets and liabilities of a change in tax rates is recognized in income tax expense in the period that includes the enactment date. In the event the future tax consequences of differences between the financial reporting bases and the tax bases of our assets and liabilities results in deferred tax assets, an evaluation of the probability of being able to realize the future benefits indicated by such assets is required. A valuation allowance is provided when it is more likely than not that a portion or the full amount of the deferred tax asset will not be realized. In assessing the ability to realize the deferred tax assets, management considers the scheduled reversals of deferred tax liabilities, projected future taxable income, and tax planning strategies. A deferred tax liability is not recognized for portions of the allowance for loan losses for income tax purposes in excess of the financial statement balance. Such a deferred tax liability will only be recognized when it becomes apparent that those temporary differences will reverse in the foreseeable future. A tax position is recognized as a benefit only if it is “more likely than not” that the tax position would be sustained in a tax examination, with a tax examination being presumed to occur. The amount recognized is the largest amount of tax benefit that is greater than 50 percent more likely of being realized on examination. For tax positions not meeting the “more likely than not” test, no tax benefit is recorded. The Company recognizes interest and/or penalties related to income tax matters in income tax expense. Stock-Based Compensation —We expense stock-based compensation based upon the grant date fair value of the related equity award over the requisite service period of the employee. The Company accounts for stock-based forfeitures as they occur. Basic and Diluted Earnings Per Common Share —Basic earnings per common share (“EPS”) excludes dilution and is computed by dividing net earnings by the weighted-average number of common shares outstanding for the period. Diluted EPS reflects the potential dilution that could occur if securities or other contracts to issue common stock were exercised or converted into common stock or resulted in the issuance of common stock that then shared in the earnings of the Company. Diluted EPS is computed by dividing net earnings by the total of the weighted-average number of shares outstanding plus the dilutive effect of outstanding options. The amounts of common stock and additional paid-in capital are adjusted to give retroactive effect to large stock dividends. Small stock dividends, or dividends less than 25% of issued shares at the declaration date, are reflected as an increase in common stock and additional paid-in capital and a decrease in retained earnings for the market value of the shares on the date the dividend is declared. Comprehensive Income —Generally all recognized revenues, expenses, gains and losses are included in net earnings. Although certain changes in assets and liabilities, such as unrealized gains and losses on available-for-sale securities, are reported as a separate component of the equity section of the consolidated balance sheets, such items, along with net earnings, are components of comprehensive income. We present comprehensive income in a separate consolidated statement of comprehensive income. Statements of Cash Flows —For purposes of reporting cash flows, cash and cash equivalents include cash on hand, amounts due from banks, federal funds sold, and interest-bearing deposits in other banks with original maturities of less than 90 days. Generally, federal funds are sold for one -day periods. Reclassifications - Certain items in prior financial statements have been reclassified to conform to the current presentation. Recent Accounting Pronouncements —In February 2016, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) No. 2016-02, Leases (Topic 842). This guidance was further modified in July 2018 by ASU No. 2018-10, Codification Improvements to Topic 842 Leases and ASU No. 2018-11, Leases (Topic 842): Targeted Improvements . These updates require a lessee to recognize in the statement of financial position a liability to make lease payments (the lease liability) and a right-of-use asset representing its right to use the underlying asset for the lease term. For leases with a term of 12 months or less, a lessee is permitted to make an accounting policy election not to recognize lease assets and lease liabilities. For public entities, these updates are effective for fiscal years beginning after December 15, 2018, with the option to transition with a modified retrospective application to prior periods presented or to apply the guidance as of the adoption date without restating prior periods. The Company plans to apply the guidance as of the adoption date without restating prior periods, and expects to report higher assets and liabilities as a result of including leases on the consolidated balance sheet. At December 31, 2018, future minimum lease payments amounted to $10.3 million . The Company does not expect the new guidance to have a material impact on the consolidated statements of income or the consolidated statements of shareholders’ equity. In June 2016, the FASB issued ASU No. 2016-13, Financial Instruments - Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments . This guidance was further modified in November 2018 by ASU No. 2018–19, Codification Improvements to Topic 326, Financial Instruments – Credit Losses. The new guidance replaces the incurred loss impairment methodology in current GAAP with an expected credit loss methodology and requires consideration of a broader range of information to determine credit loss estimates. Financial assets measured at amortized cost will be presented at the net amount expected to be collected by using an allowance for credit losses. Purchased credit impaired loans will receive an allowance account at the acquisition date that represents a component of the purchase price allocation. Credit losses relating to available-for-sale debt securities will be recorded through an allowance for credit losses, with such allowance limited to the amount by which fair value is below amortized cost. Application of this update will primarily be on a modified retrospective approach, although the guidance for debt securities for which an other-than-temporary impairment has been recognized before the effective date and for loans previously covered by ASC 310-30, Receivables - Loans and Debt Securities Acquired with Deteriorated Credit Quality will be applied on a prospective basis. For public entities, this update is effective for fiscal years beginning after December 15, 2019. Upon adoption, the Company expects that the allowance for credit losses will be higher given the change to estimated losses for the estimated life of the financial asset, however management is still in the process of determining the potential magnitude of the increase. Management has formed a steering committee and has completed a gap assessment that became the basis for a full project plan. In addition, management has selected a vendor model and begun the implementation phase of the project plan. The Company is implementing a new software program to ensure it is prepared for implementation by the effective date. In June 2018, the FASB issued ASU No. 2018-08, Not for Profit Entities (Topic 958): Clarifying the Scope and the Accounting Guidance for Contributions Received and Contributions Made . This update clarifies the guidance about whether a transfer of assets (or the reduction, settlement or cancellation of liabilities) is a contribution or an exchange transaction. In addition, the guidance clarifies the determination of whether a transaction is conditional. For public entities, this update is effective for contributions made in fiscal years beginning after December 15, 2018. The Company does not expect the new guidance to have a material impact on the consolidated financial statements. In August 2018, the FASB issued ASU No. 2018-13, Fair Value Measurement (Topic 820): Disclosure Framework - Changes to the Disclosure Requirements for Fair Value Measurement . The update removes disclosures that are no longer considered cost beneficial, modifies certain requirements of disclosures, and adds disclosure requirements identified as relevant. For public entities, this guidance is effective for fiscal years ending after December 15, 2019 and, depending on the provision, requires either prospective or retrospective application to prior periods presented. The Company does not expect the new guidance to have a material impact on the consolidated financial statements. In October 2018, the FASB issued ASU No. 2018-16, Derivatives and Hedging (Topic 815): Inclusion of the Secured Overnight Financing Rate (SOFR) Overnight Index Swap (OIS) Rate as a Benchmark Interest Rate for Hedge Accounting Purposes . This update permits the OIS rate based on SOFR as a U.S. benchmark interest rate for hedge accounting purposes under Topic 815. The Company does not expect the new guidance to have a material impact on the consolidated financial statements. Recently Adopted Accounting Pronouncements — In January 2016, the FASB issued ASU 2016-1, Financial Instruments - Overall (Subtopic 825-10): Recognition and Measurement of Financial Assets and Liabilities . The guidance in this update requires that equity investments (except those accounted for under the equity metho

INVESTMENT SECURITIES

INVESTMENT SECURITIES	12 Months Ended
	Dec. 31, 2018
Investments, Debt and Equity Securities [Abstract]
INVESTMENT SECURITIES	INVESTMENT SECURITIES The amortized cost and estimated fair value of securities available-for-sale along with gross unrealized gains and losses are summarized as follows (in thousands) : Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Fair Value December 31, 2018 U.S. Agencies $ 3,016 $ 56 $ — $ 3,072 State, county, and municipal securities 44,639 214 765 44,088 Mortgage-backed securities 370,706 1,092 5,921 365,877 Corporate debt securities 25,567 433 1,283 24,717 Total debt securities available-for-sale $ 443,928 $ 1,795 $ 7,969 $ 437,754 December 31, 2017 State, county, and municipal securities $ 23,042 $ 209 $ 442 $ 22,809 Mortgage-backed securities 263,467 915 4,863 259,519 Corporate debt securities 23,975 837 10 24,802 Total debt securities available-for-sale $ 310,484 $ 1,961 $ 5,315 $ 307,130 The amortized cost and estimated fair value of securities held-to-maturity along with gross unrealized gains and losses are summarized as follows (in thousands) : Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Fair Value December 31, 2018 State, county, and municipal securities $ 1,977 $ 1 $ 10 $ 1,968 Mortgage-backed securities 35,782 — 776 35,006 Total debt securities held-to-maturity $ 37,759 $ 1 $ 786 $ 36,974 December 31, 2017 State, county, and municipal securities $ 35,908 $ 265 $ 22 $ 36,151 Mortgage-backed securities 45,144 171 546 44,769 Total debt securities held-to-maturity $ 81,052 $ 436 $ 568 $ 80,920 The amortized cost and fair value of available-for-sale and held-to-maturity securities at December 31, 2018 by contractual maturity are shown below (in thousands) . Amortized Cost Fair Value Available-for-sale: Due after one year through five years $ 10,894 $ 9,710 Due after five years through ten years 35,203 35,620 Due after ten years 27,125 26,547 Mortgage-backed securities¹ 370,706 365,877 Total debt securities available-for-sale $ 443,928 $ 437,754 Amortized Cost Fair Value Held-to-maturity: Due in one year or less $ 766 $ 766 Due after one year through five years 1,211 1,202 Mortgage-backed securities¹ 35,782 35,006 Total debt securities held-to-maturity $ 37,759 $ 36,974 ¹Actual maturities may differ from contractual maturities because of rights to call or repay obligations with or without penalties and scheduled and unscheduled principal payments on mortgage-backed securities and collateralized mortgage obligations. The following summarizes the fair value of securities available-for-sale in an unrealized loss position as of the dates indicated (in thousands) : Less than 12 months 12 Months of More Total December 31, 2018 Fair Value Unrealized Loss Fair Value Unrealized Loss Fair Value Unrealized Loss State, county, and municipal securities $ 2,573 $ 11 $ 19,539 $ 754 $ 22,112 $ 765 Mortgage-backed securities 25,706 34 197,036 5,887 222,742 5,921 Corporate debt securities 3,307 1,283 — — 3,307 1,283 Total $ 31,586 $ 1,328 $ 216,575 $ 6,641 $ 248,161 $ 7,969 December 31, 2017 State, county, and municipal securities $ 596 $ 5 $ 12,716 $ 437 $ 13,312 $ 442 Mortgage-backed securities 87,390 772 145,696 4,091 233,086 4,863 Corporate debt securities 2,990 10 — — 2,990 10 Total $ 90,976 $ 787 $ 158,412 $ 4,528 $ 249,388 $ 5,315 The following summarizes the fair value of securities held-to-maturity in an unrealized loss position as of the dates indicated (in thousands) : Less than 12 months 12 Months or More Total Fair Value Unrealized Loss Fair Value Unrealized Loss Fair Value Unrealized Loss December 31, 2018 State, county, and municipal securities $ — $ — $ 1,703 $ 10 $ 1,703 $ 10 Mortgage-backed securities — — 35,006 776 35,006 776 Total debt securities $ — $ — $ 36,709 $ 786 $ 36,709 $ 786 December 31, 2017 State, county, and municipal securities $ 6,340 $ 22 $ — $ — $ 6,340 $ 22 Mortgage-backed securities 13,138 95 12,090 451 25,228 546 Total debt securities $ 19,478 $ 117 $ 12,090 $ 451 $ 31,568 $ 568 At December 31, 2018 , the Company had 107 securities in an unrealized loss position. Management evaluates whether unrealized losses on securities represent impairment that is other than temporary on a quarterly basis. For debt securities, the Company considers its intent to sell or hold the securities and if it is more likely than not the Company will be required to sell the securities. If such impairment is identified, based upon the intent to sell or the more likely than not threshold, the carrying amount of the security is reduced to fair value with a charge to earnings. Upon the result of the aforementioned review, management then reviews for potential other than temporary impairment based upon other qualitative factors. In making this evaluation, management considers changes in market rates relative to those available when the security was acquired, changes in market expectations about the timing of cash flows from securities that can be prepaid, performance of the debt security, and changes in the market’s perception of the issuer’s financial health and the security’s credit quality. If determined that a debt security has incurred other than temporary impairment, then the amount of the credit related impairment is determined. For equity securities, management reviews the near term prospects of the issuer, the nature and cause of the unrealized loss, the severity and duration of the impairments and other factors when determining if an unrealized loss is other than temporary. If a credit loss is evident, the amount of the credit loss is charged to earnings and the non-credit related impairment is recognized through other comprehensive income. At December 31, 2018 , there was no intent to sell any of the securities in an unrealized loss position, and it is more likely than not the Company will not be required to sell these securities. Furthermore, the present value of cash flows expected to be collected exceeded the Company's amortized cost basis of the investment securities; therefore, these securities are not deemed to be other than temporarily impaired. Sales of securities available-for-sale and held-to-maturity securities are summarized in the following table (in thousands) : December 31, 2018 December 31, 2017 Available-for-sale securities Proceeds from sales $ 8,965 $ 16,979 Gross gains on sales $ 239 $ 449 Gross losses on sales (288 ) (109 ) Net realized (losses) gains on sales $ (49 ) $ 340 Held-to-maturity securities Proceeds from sales $ — $ 887 Gross gains on sales $ — $ 7 Net realized gains on sales $ — $ 7 In the fourth quarter of 2018, certain debt securities with an aggregate amortized cost of $23.9 million and fair value of $24.0 million were transferred from held-to-maturity securities to available-for-sale securities as part of the adoption of ASU 2017-12, Derivatives and Hedging: Targeted Improvements to Accounting for Hedging Activities. The composition of investment securities reflects the strategy of management to maintain an appropriate level of liquidity while providing a relatively stable source of revenue. The securities portfolio may at times be used to mitigate interest rate risk associated with other areas of the balance sheet while also providing a means for the investment of available funds, providing liquidity and supplying investment securities that are required to be pledged as collateral against specific deposits and for other purposes. Securities with an aggregate carrying value of $162.5 million and $177.9 million at December 31, 2018 and 2017 , respectively, were pledged to secure public funds on deposit and for other purposes required or permitted by law.

LOANS

LOANS	12 Months Ended
	Dec. 31, 2018
Receivables [Abstract]
LOANS	LOANS The loan portfolio is summarized as follows (in thousands) : December 31, 2018 2017 Commercial, financial and agricultural $ 267,340 $ 435,207 Real estate – construction 87,506 90,287 Real estate – commercial 368,449 454,051 Real estate – residential 132,435 146,751 Consumer and other 43,506 56,398 Lease financing receivable 549 732 Total loans 899,785 1,183,426 Less allowance for loan losses (17,430 ) (26,888 ) Total loans, net $ 882,355 $ 1,156,538 The following table summarizes the allowance for loan losses for the periods indicated (in thousands) : December 31, 2018 2017 Balance, beginning of year $ 26,888 $ 24,372 Provision for loan losses 16,740 30,200 Recoveries 2,056 1,193 Charge-offs (28,254 ) (28,877 ) Balance, end of year $ 17,430 $ 26,888 The Company monitors loan concentrations and evaluates individual customer and aggregate industry leverage, profitability, risk rating distributions, and liquidity for each major standard industry classification segment. At December 31, 2018 , one industry segment concentration, the oil and gas industry, aggregates more than 10% of the loan portfolio. The Company’s exposure in the oil and gas industry, including related service and manufacturing industries, totaled approximately $112.6 million , or 12.5% of total loans. Of the $112.6 million loans to borrowers in the oil and gas industry, $4.3 million or 3.8% were on nonaccrual status at December 31, 2018 . The following table details activity in the allowance for loan losses by loan type for the years indicated (in thousands) : December 31, 2018 Commercial, Financial & Agricultural Real Estate - Construction Real Estate - Commercial Real Estate - Residential Consumer and Other Lease Financing Receivable Total Allowance for loan losses: Beginning balance $ 20,577 $ 596 $ 3,893 $ 837 $ 982 $ 3 $ 26,888 Charge-offs (17,815 ) (78 ) (8,956 ) (667 ) (738 ) — (28,254 ) Recoveries 1,704 — 7 41 304 — 2,056 Provision 6,167 (378 ) 9,969 945 37 — 16,740 Ending balance $ 10,633 $ 140 $ 4,913 $ 1,156 $ 585 $ 3 $ 17,430 Ending balance: individually evaluated for impairment $ 470 $ 4 $ — $ — $ — $ — $ 474 Ending balance: collectively evaluated for impairment $ 10,163 $ 136 $ 4,913 $ 1,156 $ 585 $ 3 $ 16,956 Loans: Ending balance $ 267,340 $ 87,506 $ 368,449 $ 132,435 $ 43,506 $ 549 $ 899,785 Loans individually evaluated for impairment $ 3,949 $ 248 $ 3,395 $ — $ — $ — $ 7,592 Loans collectively evaluated for impairment $ 263,391 $ 87,258 $ 365,054 $ 132,435 $ 43,506 $ 549 $ 892,193 December 31, 2017 Commercial, Financial & Agricultural Real Estate - Construction Real Estate - Commercial Real Estate - Residential Consumer and Other Lease Financing Receivable Total Allowance for loan losses: Beginning balance $ 16,057 $ 585 $ 5,384 $ 940 $ 1,401 $ 5 $ 24,372 Charge-offs (20,451 ) (70 ) (6,648 ) (543 ) (1,165 ) — (28,877 ) Recoveries 652 — 162 105 274 — 1,193 Provision 24,319 81 4,995 335 472 (2 ) 30,200 Ending balance $ 20,577 $ 596 $ 3,893 $ 837 $ 982 $ 3 $ 26,888 Loans individually evaluated for impairment $ 7,197 $ 23 $ 131 $ 5 $ 14 $ — $ 7,370 Loans collectively evaluated for impairment $ 13,380 $ 573 $ 3,762 $ 832 $ 968 $ 3 $ 19,518 Loans: Ending balance $ 435,207 $ 90,287 $ 454,051 $ 146,751 $ 56,398 $ 732 $ 1,183,426 Loans individually evaluated for impairment $ 38,778 $ 66 $ 11,128 $ 618 $ 48 $ — $ 50,638 Loans collectively evaluated for impairment $ 396,429 $ 90,221 $ 442,923 $ 146,071 $ 56,350 $ 732 $ 1,132,726 Loans acquired with deteriorated credit quality $ — $ — $ — $ 62 $ — $ — $ 62 The following table presents an analysis of past due loans, by loan type, at the dates indicated (in thousands) : December 31, 2018 30-59 Days Past Due 60-89 Days Past Due Greater than 90 Days Past Due Total Past Due Current Total Loans Loans > 90 days and Accruing Commercial, financial, and agricultural $ 385 $ 902 $ 2,173 $ 3,460 $ 263,880 $ 267,340 $ — Real estate - construction 47 — 117 164 87,342 87,506 — Real estate - commercial 435 — 771 1,206 367,243 368,449 — Real estate - residential 695 31 1,407 2,133 130,302 132,435 — Consumer and other 176 28 56 260 43,246 43,506 — Lease financing receivable — — — — 549 549 — $ 1,738 $ 961 $ 4,524 $ 7,223 $ 892,562 $ 899,785 $ — December 31, 2017 30-59 Days Past Due 60-89 Days Past Due Greater than 90 Days Past Due Total Past Due Current Total Loans Loans > 90 days and Accruing Commercial, financial, and agricultural $ 1,195 $ 1,893 $ 14,847 $ 17,935 $ 417,272 $ 435,207 $ 545 Real estate - construction 616 — 190 806 89,481 90,287 125 Real estate - commercial 5,889 6,402 4,163 16,454 437,597 454,051 58 Real estate - residential 1,065 235 559 1,859 144,892 146,751 — Consumer and other 276 32 34 342 56,056 56,398 — Lease financing receivable — — — — 732 732 — $ 9,041 $ 8,562 $ 19,793 $ 37,396 $ 1,146,030 $ 1,183,426 $ 728 The following table presents nonaccrual loans, by loan type, at the dates indicated (in thousands) : December 31, 2018 2017 Commercial, financial and agricultural $ 3,599 $ 37,418 Real estate - construction 278 66 Real estate - commercial 2,977 11,128 Real estate - residential 2,008 618 Consumer and other 58 48 Total nonaccrual loans¹ $ 8,920 $ 49,278 ¹ As of 12/31/2018, the Company had signed a letter of intent for a bulk sale of impaired loans which included $20.4 million of nonaccrual loans. These loans are reported as loans held-for-sale and thus not included in the above table. The amount of interest that would have been recorded on nonaccrual loans, had the loans not been classified as impaired, totaled $5.1 million and $3.4 million , for the years ended December 31, 2018 , and 2017 . The following table presents information related to the average recorded investment and interest income recognized on impaired loans, for the periods presented (in thousands): December 31, 2018 Recorded Investment (1) Unpaid Principal Balance Related Allowance (1) Average Recorded Investment Interest Income Recognized With no related allowance recorded: Commercial, financial, and agricultural $ 2,924 $ 3,011 $ — $ 13,791 $ 56 Real estate - construction 117 117 — 59 — Real estate - commercial 3,395 3,395 — 6,922 38 Real estate - residential — — — 151 — Consumer and other — — — — — Subtotal 6,436 6,523 — 20,923 94 With related allowance recorded: Commercial, financial, and agricultural 1,025 1,025 470 7,572 — Real estate - construction 131 131 4 97 — Real estate - commercial — — — 329 — Real estate - residential — — — 158 — Consumer and other — — — 24 — Subtotal 1,156 1,156 474 8,180 — Total impaired loans $ 7,592 $ 7,679 $ 474 $ 29,103 $ 94 December 31, 2017 Recorded Investment (1) Unpaid Principal Balance Related Allowance (1) Average Recorded Investment Interest Income Recognized With no related allowance recorded: Commercial, financial, and agricultural $ 24,659 $ 30,630 $ — $ 19,880 $ 90 Real estate - construction — — — 5 — Real estate - commercial 10,471 11,965 — 11,590 — Real estate - residential 302 302 — 602 — Consumer — — — 37 — Subtotal 35,432 42,897 — 32,114 90 With related allowance recorded: Commercial, financial, and agricultural 14,119 14,150 7,197 15,245 1 Real estate – construction 66 136 23 33 — Real estate - commercial 657 657 131 8,318 — Real estate - residential 316 316 5 620 — Consumer 48 50 14 258 — Subtotal 15,206 15,309 7,370 24,474 1 Total impaired loans $ 50,638 $ 58,206 $ 7,370 $ 56,588 $ 91 (1) Troubled debt restructuring totaling $1.3 million and $9.9 million are included in the recorded investment of impaired loans as of December 31, 2018 and 2017 . There is no related allowance with troubled debt restructuring as of December 31, 2018 and 2017 . The Company assigns into risk categories based on relevant information about the ability of borrowers to pay their debt, such as: current financial information, historical payment experience, credit documentation, public information and current economic trends, among other factors. A loan's risk grade is assigned at inception based upon the strength of the repayment sources and reassessed periodically throughout the year. Loans that exhibit weaknesses and are over a certain dollar threshold are subject to more frequent review. The following are descriptions of the general characteristics of risk grades special mention and worse: Special Mention: Weakness exists that could cause future impairment, including the deterioration of financial ratios, past due status, and questionable management capabilities. Collateral values generally afford adequate coverage but may not be immediately marketable. Substandard: Specific and well-defined weaknesses exist that may include poor liquidity and deterioration of financial ratios. Currently the borrower maintains the capacity to service the debt. The loan may be past due and related deposit accounts experiencing overdrafts. Substandard loans are characterized by the distinct possibility the institution will sustain some loss if the deficiencies are not corrected. Doubtful: Loans classified as doubtful have all the weaknesses inherent in those classified as substandard, with the added characteristic that the weaknesses make collection or liquidation in full, on the basis of currently existing facts, conditions and values, highly questionable and improbable. The following table presents the risk grades, by loan type, at the dates indicated (dollars in thousands) : Special Pass Mention Substandard Doubtful Total December 31, 2018 Commercial, Financial & Agricultural $ 240,232 $ 20,259 $ 6,849 $ — $ 267,340 Real Estate - Construction 83,240 3,910 356 — 87,506 Real Estate - Commercial 329,213 23,475 15,761 — 368,449 Real Estate - Residential 125,984 1,955 4,496 — 132,435 Consumer and other 43,416 5 85 — 43,506 Lease Financing Receivable 549 — — — 549 Total loans $ 822,634 $ 49,604 $ 27,547 $ — $ 899,785 December 31, 2017 Commercial, Financial & Agriculture $ 358,373 $ 9,687 $ 67,147 $ — $ 435,207 Real Estate - Construction 89,323 600 364 — 90,287 Real Estate - Commercial 416,925 3,823 33,303 — 454,051 Real Estate - Residential 144,250 1,233 1,268 — 146,751 Consumer and other 56,041 — 357 — 56,398 Lease Financing Receivable 699 — 33 — 732 Total loans $ 1,065,611 $ 15,343 $ 102,472 $ — $ 1,183,426 Troubled Debt Restructurings A troubled debt restructuring (“TDR”) is a restructuring of a debt made by the Company in which a debtor is granted a concession for economic or legal reasons related to the debtor’s financial difficulties that it would not otherwise consider. The Company grants the concession in an attempt to protect as much of its investment as possible. As of December 31, 2018 , and 2017 there were no commitments to lend additional funds to debtors owing sums to the Company whose terms have been modified in TDRs. The following tables provides information on loans that were modified as TDRs during the periods presented (in thousands) : December 31, 2018 December 31, 2017 Number of loans Pre-modification recorded investment Post-modification recorded investment (1) Number of loans Pre-modification recorded investment Post-modification recorded investment (1) Commercial, financial and agricultural — $ — $ — 6 $ 2,002 $ 2,002 Real estate – commercial 1 557 557 — — — 1 $ 557 $ 557 6 $ 2,002 $ 2,002 (1) The pre-modification and post-modification recorded investment amount represent the recorded investment on the date of the loan modification. Since the modifications on these loans were payment modifications, not principal reductions, the pre-modification and post-modification recorded investment amount is the same. As of December 31, 2018 and 2017 , TDRs that had a payment default during the twelve-month periods and that were modified within the previous 12 months was $0 and $18,000 , respectively. The Company defines a payment default as any loan that is greater than 30 days past due or was past due greater than 30 days at any point during the reporting period, or since the date of modification, whichever is shorter. A troubled debt restructuring by definition is an impaired loan, as such all TDRs that meet the dollar threshold are reviewed for specific impairment in accordance with the Company’s allowance for loan loss methodology. If it is determined an impairment exists, either because of a delinquency or other credit related issues, a specific reserve is recorded for the loan. There are no specific reserves on TDRs as of December 31, 2018 and 2017 . In the opinion of management, all transactions entered into between the Company and such related parties have been and are made in the ordinary course of business, on substantially the same terms and conditions, including interest rates and collateral, as similar transactions with unaffiliated persons and do not involve more than the normal risk of collection. As of December 31, 2018 and 2017 , related party loans were $213,000 and $1.8 million , respectively.

PREMISES AND EQUIPMENT

PREMISES AND EQUIPMENT	12 Months Ended
	Dec. 31, 2018
Property, Plant and Equipment [Abstract]
PREMISES AND EQUIPMENT	PREMISES AND EQUIPMENT Premises and equipment are summarized follows (in thousands) : December 31, 2018 2017 Land $ 14,790 $ 15,030 Buildings and improvements 53,275 52,955 Furniture, fixtures, and equipment 29,736 29,572 Automobiles 532 1,596 Leasehold improvements 9,024 9,261 Construction-in-process 462 530 Premises and equipment, gross 107,819 108,944 Accumulated depreciation and amortization (52,437 ) (49,887 ) Premises and equipment, net $ 55,382 $ 59,057 Depreciation expense for premises and equipment was $4.6 million and $5.7 million for the years ended December 31, 2018 and 2017 , respectively. At December 31, 2018 , future minimum lease payments due under non-cancellable operating leases are as follows (in thousands) : 2019 1,633 2020 1,646 2021 1,217 2022 417 2023 346 Thereafter 5,015 $ 10,274 Rent expense under operating leases was $2.2 million and $2.5 million for the years ended December 31, 2018 and 2017 , respectively.

GOODWILL AND OTHER INTANGIBLE A

GOODWILL AND OTHER INTANGIBLE ASSETS	12 Months Ended
	Dec. 31, 2018
Goodwill and Intangible Assets Disclosure [Abstract]
GOODWILL AND OTHER INTANGIBLE ASSETS	GOODWILL AND OTHER INTANGIBLE ASSETS The carrying amount of goodwill and other intangible assets for each of the years ended December 31, 2018 and 2017 was $44.6 million and $45.7 million , respectively. The carrying amount of goodwill at December 31, 2018 and 2017 was $42.2 million . Goodwill is evaluated for impairment on at least an annual basis and more frequently if an event occurs or circumstances indicate the carrying value exceeds the fair value. At December 31, 2018, the Company performed a qualitative assessment to determine if it was more likely than not that the fair value exceeded carrying value. The qualitative assessment indicated that it was more likely than not that the fair value exceeded its carrying value, resulting in no impairment. Changes to the carrying amount of the intangible asset is presented in the table below (in thousands) : Core deposit intangible December 31, 2018 December 31, 2017 Balance, beginning of year $ 11,674 $ 11,674 Accumulated amortization (9,265 ) (8,159 ) Balance, end of year $ 2,409 $ 3,515 Amortization expense of $1.1 million was recorded on the core deposit intangible for the years ended December 31, 2018 and 2017 , respectively. The amortization expense on the core deposit intangible assets for the three succeeding years is as follows (in thousands) : 2019 $ 1,106 2020 726 2021 577 $ 2,409

DEPOSITS

DEPOSITS	12 Months Ended
	Dec. 31, 2018
Banking and Thrift [Abstract]
DEPOSITS	DEPOSITS Deposits are summarized as follows (in thousands) : December 31, 2018 2017 Noninterest-bearing $ 383,167 $ 416,547 Savings and money market 488,181 446,215 NOW accounts 400,625 434,646 Time deposits less than $250 155,394 156,296 Time deposits $250 or more 24,704 25,985 Total deposits $ 1,452,071 $ 1,479,689 At December 31, 2018 and 2017 , overdrawn deposit accounts reclassified as loans was $787,000 and $799,000 , respectively. At December 31, 2018 and 2017 , the Company had outstanding brokered deposits of $59.9 million and $45.8 million , respectively. At December 31, 2018 the following table presents the contractual maturities of time deposits, including brokered time deposits, are summarized as follows (in thousands) : 2019 $ 107,416 2020 44,101 2021 12,239 2022 8,923 2023 7,417 Thereafter 2 $ 180,098 Deposits from principal officers, directors and their affiliates totaled $3.9 million and $11.9 million at December 31, 2018 and 2017 , respectively.

SECURITIES SOLD UNDER AGREEMENT

SECURITIES SOLD UNDER AGREEMENTS TO REPURCHASE	12 Months Ended
	Dec. 31, 2018
Disclosure of Repurchase Agreements [Abstract]
SECURITIES SOLD UNDER AGREEMENTS TO REPURCHASE	SECURITIES SOLD UNDER AGREEMENTS TO REPURCHASE At December 31, 2018 and 2017 , retail repurchase agreements, defined as securities sold under agreements to repurchase from our customers, totaled $11.2 million and $67.1 million , respectively. These retail repurchase agreements are secured overnight borrowings from customers, which may be drawn on demand. The agreements bear interest at a rate determined by us. The average rate of the outstanding agreements was 0.47% at December 31, 2018 and 2017 . The Company had pledged securities with a market value of $18.2 million and $67.9 million as collateral at December 31, 2018 and 2017 , respectively.

DEBT

DEBT	12 Months Ended
	Dec. 31, 2018
Debt Disclosure [Abstract]
DEBT	DEBT At December 31, 2018 and 2017 , FHLB advances totaled $27.5 million and $50.0 million , respectively. The FHLB advances at December 31, 2018 consisted of two FHLB advances with maturities of 1 month at a fixed interest rate of 2.66% . The FHLB advances at December 31, 2017 consisted of two FHLB advances with maturities of 1 month at a fixed interest rate of 1.59% and one advance maturing January 2019 bearing a fixed interest rate of 1.985% . This advance was terminated in the third quarter of 2018. A description of the junior subordinated debentures outstanding is as follows (in thousands) : December 31, Date Issued Maturity Date Interest Rate Callable After 2018 2017 July 31, 2001 July 9, 2031 3 month LIBOR plus 3.30% July 31, 2006 $ 5,671 $ 5,671 September 20, 2004 September 20, 2034 3 month LIBOR plus 2.50% September 20, 2009 8,248 8,248 October 12, 2006 December 15, 2036 3 month LIBOR plus 1.85% June 26, 2011 5,155 5,155 June 21, 2007 June 21, 2037 3 month LIBOR plus 1.70% June 15, 2012 3,093 3,093 $ 22,167 $ 22,167 The trusts are considered variable-interest entities (“VIE”). The Trusts are not consolidated with the Company since the Company is not the primary beneficiary of the VIE. Accordingly, the Company does not report the securities issued by the Trusts as liabilities, and instead reports as liabilities the junior subordinated debentures issued by the Company and held by the Trusts, as these are not eliminated in the consolidation. The Trust Preferred Securities are recorded as junior subordinated debentures on the balance sheets, but subject to certain limitations qualify for Tier 1 capital for regulatory capital purposes.

INCOME TAXES

INCOME TAXES	12 Months Ended
	Dec. 31, 2018
Income Tax Disclosure [Abstract]
INCOME TAXES	INCOME TAXES Deferred income taxes reflect the net tax effects of temporary differences between the carrying amounts of assets and liabilities for financial reporting purposes and the amounts used for income tax purposes. Significant components of our deferred tax assets and liabilities as of December 31, 2018 and 2017 are as follows (in thousands): 2018 2017 Deferred tax assets: Allowance for loan losses $ 3,660 $ 5,860 Loss on transfer of loans to held-for-sale — 1,266 Unrealized losses on securities 1,312 713 Write-down on assets held-for-sale 41 285 Core deposit intangible 283 153 Deferred compensation 310 358 Tax net operating loss carryforward 8,563 — Other 635 667 Valuation Allowance (11,056 ) — Total deferred tax assets 3,748 9,302 Deferred tax liabilities: Premises and equipment 1,315 1,589 Goodwill 1,540 1,321 FHLB stock dividends 73 57 Unrealized gains on cash flow hedges 224 226 Prepaid expenses 295 220 Purchase accounting adjustments on securities 229 392 Other 72 105 Total deferred tax liabilities 3,748 3,910 Net deferred tax asset $ — $ 5,392 On December 22, 2017, the Tax Cuts and Jobs Act was signed into law which reduced the federal corporate income tax rate from 35 % to 21% effective January 1, 2018. During the fourth quarter of 2017 , the Company's net deferred tax assets were revalued at the new tax rate, and this adjustment resulted in a $3.6 million increase to income tax expense. The Company early adopted ASU No. 2018-02, Income Statement - Reporting Comprehensive Income (Topic 220): Reclassification of Certain Tax Effects from Accumulated Other Comprehensive Income, for the fiscal year ending December 31, 2017 , which allowed a one-time reclassification of $324,000 from accumulated other comprehensive income to retained earnings for stranded tax effects resulting from the Tax Cuts and Jobs Act. A valuation allowance is recognized against deferred tax assets when, based on the consideration of all available positive and negative evidence using a more likely than not criteria, it is determined that all or a portion of these tax benefits may not be realized. This assessment requires consideration of all sources of taxable income available to realize the deferred tax asset, future reversals of existing temporary differences, tax planning strategies and future taxable income exclusive of reversing temporary differences and carryforwards. The Company incurred losses on a cumulative basis for the two-year period ended December 31, 2018 , which is considered to be significant negative evidence. The positive evidence considered in support was insufficient to overcome this negative evidence. As a result, the Company established a full valuation allowance for its net deferred tax asset in the amount of $11.1 million as of December 31, 2018 . The Company intends to maintain this valuation allowance until it determines it is more likely than not that the asset can be realized through current and future taxable income. Components of income tax (benefit) expense are as follows (in thousands): 2018 2017 Current $ — $ (1,719 ) Deferred benefit (5,090 ) (4,474 ) Write-down of net deferred tax asset resulting from the Tax Cuts and Jobs Act — 3,595 Change in valuation allowance $ 11,056 $ — Total income tax (benefit) expense $ 5,966 $ (2,598 ) The provision for federal income taxes differs from the amount computed by applying the U.S. Federal income tax statutory rate of 21% on pre-tax income as follows (in thousands): December 31, 2018 2017 Taxes calculated at statutory rate $ (4,526 ) $ (5,026 ) Increase (decrease) resulting from: Tax-exempt interest, net (241 ) (524 ) Deferred compensation (218 ) (315 ) Write-down of net deferred tax asset resulting from the Tax Cuts and Jobs Act — 3,595 Change in valuation allowance 11,056 — Other (105 ) (328 ) $ 5,966 $ (2,598 ) The Company’s federal income tax returns are open and subject to examination from the 2015 tax return year and forward. The various state income and franchise tax returns are generally open from the 2015 and later tax return years based on individual state statutes of limitation. We are not currently under examination by federal or state tax authorities for the 2015 , 2016 , or 2017 tax years.

EMPLOYEE BENEFITS

EMPLOYEE BENEFITS	12 Months Ended
	Dec. 31, 2018
Retirement Benefits [Abstract]
EMPLOYEE BENEFITS	EMPLOYEE BENEFITS The Company sponsors a leveraged employee stock ownership plan (“ESOP”) that covers all employees who meet minimum age and service requirements. The Company makes annual contributions to the ESOP in amounts as determined by the Board of Directors. These contributions are used to service the loan and release additional shares, with the shares serving as collateral for the ESOP debt. As the debt is repaid, shares are released and allocated to active employees, based on the proportion of debt service paid in the year. During 2014, the ESOP borrowed $283,000 from the Company for the purpose of purchasing shares of the Company's common stock. The loan proceeds were used to purchase a total of 16,000 shares at an average price per share of $17.71 . During 2015, the ESOP borrowed an additional $997,000 from the Company, to purchase an additional 76,526 shares at an average price per share of $13.02 . During 2016, the ESOP borrowed an additional $499,000 from the Company to purchase an additional 62,014 shares at an average price per share of $8.05 . During 2017, all outstanding ESOP loans were consolidated into one loan that matures on August 5, 2024. The balance of the ESOP loan was $810,000 and $937,000 at December 31, 2018 and December 31, 2017 , respectively. During the fourth quarter of 2018 as part of a strategic decision to enhance contributions to its 401K, the Company decided to permanently discontinue funding contributions to the Company's ESOP, including contributions to repay the loan made by the Company to the ESOP. The Company plans to use the unreleased ESOP shares to repay the ESOP loan. As a result unearned compensation has been reduced to $0 at December 31, 2018. ESOP compensation expense consisting of both cash contributions and shares committed to be released for 2018 was 2017 was approximately $242,000 and $472,000 , respectively. ESOP shares as of December 31, 2018 and 2017 were as follows: 2018 2017 Allocated shares 519,085 597,663 Shares released for allocation 11,928 25,875 Unreleased shares 64,336 88,192 Total ESOP shares 595,349 711,730 Fair value of unreleased shares at December 31 $ 682,000 $ 1,169,000 The Company has deferred compensation arrangements with certain officers, which will provide them a fixed benefit after retirement. During 2018 and 2017 , distributions related to these agreements totaled $67,000 and $13,000 , respectively. The Company recorded a liability of approximately $1.4 million at December 31, 2018 and 2017 in connection with these agreements. Deferred compensation expense recognized in 2018 and 2017 was approximately $82,000 and $74,000 , respectively. The Company sponsors defined contribution post-retirement benefit agreements to provide death benefits for the designated beneficiaries of certain of the Company's executive officers. Under the agreements, split-dollar whole life insurance contracts were purchased on certain executive officers. The increase in the cash surrender value of the contracts, less the Bank's cost of funds, constitutes the Company's contribution to the agreements each year. In the event the insurance contracts fail to produce positive returns, the Company has no obligation to contribute to the agreements. During 2018 and 2017 the Company incurred expenses of $1,000 and $31,000 , respectively, related to the agreements. The Company has a 401(k) retirement plan covering substantially all employees who have been employed for 90 days and meet certain other requirements. Under this plan, employees can contribute a portion of their salary within the limits provided by the Internal Revenue Code into the plan. The Company made contributions to the plan totaling $245,000 and $271,000 in 2018 and 2017 , respectively.

EMPLOYEE STOCK PLANS

EMPLOYEE STOCK PLANS	12 Months Ended
	Dec. 31, 2018
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
EMPLOYEE STOCK PLANS	EMPLOYEE STOCK PLANS The Company awards its employees and directors various forms of share-based incentives under certain plans approved by its shareholders. Awards granted under the plans may be in the form of qualified or nonqualified stock options, restricted stock, restricted stock units, long-term incentive compensation units consisting of cash and common stock, or any combination thereof within the limitations set forth in the plans. The plans provide that the aggregate number of shares of the Company’s common stock which may be subject to award may not exceed 560,000 subject to adjustment in certain circumstances to prevent dilution. At December 31, 2018 , there were 522,156 shares available to be issued under the plans. Stock Options – The 75,826 options outstanding at December 31, 2018 were all issued under the plans and are incentive stock options with a term of ten years , vesting 20% each year on the anniversary date of the grant. The following table summarizes activity relating to stock options: Options Weighted Average Exercise Price Weighted Average Remaining Contractual Term Aggregate Intrinsic Value $(000) Outstanding at December 31, 2016 298,995 $ 13.90 Granted — — Exercised (20,499 ) 12.97 $ 58 Forfeited or expired (90,221 ) 13.62 Outstanding at December 31, 2017 188,275 $ 14.14 Granted — — Exercised (49,532 ) 12.97 $ 86 Forfeited or expired (62,917 ) 15.27 Outstanding at December 31, 2018 75,826 $ 13.97 3.83 Exercisable at December 31, 2017 176,024 13.92 Exercisable at December 31, 2018 75,826 13.97 3.83 A summary of changes in unvested options for the period ended December 31, 2018 is as follows: Number of Options Weighted Average Grant Date Fair Value Unvested options outstanding, beginning of year 20,256 $ 4.97 Vested (5,255 ) 5.59 Forfeited (15,001 ) 4.76 Unvested options outstanding, end of year — $ — As of December 31, 2018 there was no unrecognized compensation cost related to nonvested stock option grants due to all stock option grants being fully vested as of year-end. The forfeiture benefit net of options expense recognized for the year ended December 31, 2018 was $166,000 . The total amount of options expensed during the year ended December 31, 2017 was $58,000 . Restricted Stock Awards and Restricted Stock Units – During 2018 and 2017 , the Compensation Committee of the Board of Directors of the Company made restricted stock grants under the plans. The restricted shares of stock are subject to the terms of a Restricted Stock Grant Agreement between the Company and each recipient. Prior to vesting, the recipient will be entitled to vote the shares and receive dividends or dividends will accrue and paid at vesting, if any, declared by the Company with respect to its common stock. Compensation expense for restricted stock is based on the fair value of the restricted stock awards at the time of the grant, which is equal to the market value of the Company’s common stock on the date of grant. The value of the restricted stock grants that are expected to vest is amortized monthly into compensation expense over the vesting period of one to five years. For the year ended December 31, 2018 and 2017 , compensation expense of $185,000 and $105,000 , respectively, was recognized related to non-vested restricted stock awards and restricted stock units. As of December 31, 2018 , there was $809,000 of unrecognized compensation cost related to non-vested restricted stock and restricted stock units awards granted under the plan. The unrecognized compensation cost related to restricted stock awards at December 31, 2018 is expected to be recognized over a weighted-average period of 4.2 years . The following table summarizes activity relating to non-vested restricted stock awards and restricted stock units: Number of Shares Weighted-Average Grant Date Fair Value Restricted stock awards Non-vested at December 31, 2016 14,764 $ 13.03 Granted 48,526 13.98 Forfeited (4,500 ) 13.92 Vested (700 ) 13.92 Non-vested at December 31, 2017 58,090 $ 13.74 Granted 84,998 13.89 Forfeited (43,197 ) 13.85 Vested (2,750 ) 13.92 Non-vested at December 31, 2018 97,141 13.80 Restricted stock units Non-vested at December 31, 2017 — $ — Granted 26,075 13.94 Forfeited (3,540 ) 13.98 Vested — — Non-vested at December 31, 2018 22,535 13.93

DERIVATIVES

DERIVATIVES	12 Months Ended
	Dec. 31, 2018
Derivative Instruments and Hedging Activities Disclosure [Abstract]
DERIVATIVES	DERIVATIVES Derivatives Designated as Hedging Instruments Cash Flow Hedges The Company uses interest rate swaps as part of its interest rate risk management strategy. Interest rate swaps, designated as cash flow hedges, involve the receipt of variable amounts from a counterparty in exchange for the Company making fixed payments over the life of the agreements without the exchange of the underlying notional amount. Forward starting interest rate swaps with a notional amount totaling $12.5 million and $15.0 million were entered into on July 6, 2016 and were designated as cash flow hedges of certain repurchase agreements and FHLB advances. The swaps mature in August 2021 and December 2021, respectively. The swaps operate under a pay fixed of .993% and 1.043% , respectively, and receive variable each at LIBOR flat. The swaps were determined to be fully effective during the periods presented and therefore no ineffectiveness has been included in net income. The aggregate fair value of the swaps is recorded in other assets/(other liabilities) with changes in fair value recorded in other comprehensive income (loss). The amount included in other comprehensive income (loss) would be reclassified to current earnings if the hedge transactions become probable of not occurring. The Company expects the hedges to remain fully effective during the remaining terms of the swaps. At December 31, 2018 and 2017 , the fair value of the swap totaled an asset of $1.1 million for both years. Interest expense recorded on this swap transaction totaled $403,000 and $77,000 during 2018 and 2017 and is reported as a component of interest expense.

OTHER COMPREHENSIVE LOSS

OTHER COMPREHENSIVE LOSS	12 Months Ended
	Dec. 31, 2018
Equity [Abstract]
OTHER COMPREHENSIVE LOSS	OTHER COMPREHENSIVE LOSS The following is a summary of the tax effects allocated to each component of other comprehensive loss (in thousands): December 31, 2018 2017 Before Tax Amount Tax Effect Net of Tax Amount Before Tax Amount Tax Effect Net of Tax Amount Other comprehensive loss: Securities available-for-sale: Change in unrealized loss during period $ (2,335 ) $ — $ (2,335 ) $ (503 ) $ 176 $ (327 ) Reclassification adjustment for securities transferred from held-to-maturity to available-for-sale 58 — 58 — — — Reclassification adjustment for net (gains) loss included in net income 49 — 49 (347 ) 122 (225 ) Derivative instruments designated as cash flow hedges: Change in fair value of derivative instruments designated as cash flow hedges 257 — 257 106 (37 ) 69 Reclassification adjustment for gains included in net income (267 ) — (267 ) (17 ) 6 (11 ) Total other comprehensive loss $ (2,238 ) $ — $ (2,238 ) $ (761 ) $ 267 $ (494 ) The reclassifications out of accumulated other comprehensive income/loss into net earnings are presented below (in thousands): December 31, 2018 2017 Details about Accumulated Other Comprehensive Income/Loss Components Reclassifications Out of Accumulated Other Comprehensive Income/Loss Reclassifications Out of Accumulated Other Comprehensive Income/Loss Statement of Earnings Line Item Unrealized gains and losses on securities available-for-sale $ 49 $ (347 ) Gain (loss) on securities, net — 122 Income tax expense $ 49 $ (225 ) Net of tax Interest expense on FHLB advances $ (267 ) $ (17 ) Interest expense — 6 Income tax expense $ (267 ) $ (11 ) Net of tax

NET LOSS PER COMMON SHARE

NET LOSS PER COMMON SHARE	12 Months Ended
	Dec. 31, 2018
Earnings Per Share [Abstract]
NET LOSS PER COMMON SHARE	NET LOSS PER COMMON SHARE Earnings per share have been computed based on the following weighted average number of common shares outstanding (in thousands except per share data) : December 31, 2018 2017 Net loss $ (27,516 ) $ (11,761 ) Dividends on preferred stock (3,239 ) (3,242 ) Net loss available to common shareholders $ (30,755 ) $ (15,003 ) Weighted average common shares outstanding for basic loss per share 16,617 14,107 Loss per common share: Basic $ (1.85 ) $ (1.06 ) Diluted $ (1.85 ) $ (1.06 ) Since the Company had a net loss for the both years ended December 31, 2018 and 2017, all potential common shares were excluded from the calculation of diluted earnings per share as they would have had an anti-dilutive effect for periods.

FINANCIAL INSTRUMENTS WITH OFF-

FINANCIAL INSTRUMENTS WITH OFF-BALANCE SHEET RISK	12 Months Ended
	Dec. 31, 2018
Risks and Uncertainties [Abstract]
FINANCIAL INSTRUMENTS WITH OFF-BALANCE SHEET RISK	FINANCIAL INSTRUMENTS WITH OFF-BALANCE SHEET RISK The Bank is party to various financial instruments with off-balance sheet risk in the normal course of business to meet the financing needs of its customers and to reduce its own exposure to fluctuations in interest rates. These financial instruments include commitments to extend credit and standby letters of credit. Those instruments involve, to varying degrees, elements of credit and interest rate risk in excess of the amounts recognized in the statements of financial condition. The contract or notional amounts of those instruments reflect the extent of the Bank’s involvement in particular classes of financial instruments. The Bank’s exposure to loan loss in the event of nonperformance by the other party to the financial instrument for commitments to extend credit, standby letters of credit, and financial guarantees is represented by the contractual amount of those instruments. The Bank uses the same credit policies, including considerations of collateral requirements, in making these commitments and conditional obligations as it does for on-balance sheet instruments. Contract or Notional Amount 2018 2017 Financial instruments whose contract amounts represent credit risk: (in thousands) Commitments to extend credit $ 253,068 $ 291,459 Letters of credit 8,520 10,088 Commitments to extend credit are agreements to lend to a customer as long as there is no violation of any condition established in the contract. Commitments generally have fixed expiration dates or other termination clauses and may require payment of a fee. Since many of the commitments are expected to expire without being fully drawn upon, the total commitment amounts disclosed above do not necessarily represent future cash requirements. Substantially all of these commitments are at variable rates. Commercial letters of credit and financial guarantees are conditional commitments issued by the Bank to guarantee the performance of a customer to a third party. The credit risk involved in issuing letters of credit is essentially the same as that involved in extending loan facilities to its customers. The Company holds minor investments in certain limited partnerships. As of December 31, 2018, the Bank had a recorded investment of $5.3 million in these limited partnerships and had committed to fund an additional $7.1 million related to future capital calls that has not been reflected in the consolidated balance sheet. The Company is party to various legal proceedings arising in the ordinary course of business. In management’s opinion, the ultimate resolution of these legal proceedings will not have a material adverse effect on the Company’s financial position, results of operations, or cash flows. At December 31, 2018 , the Company had borrowing lines available through the Bank with the FHLB of Dallas and other correspondent banks. The Bank had approximately $275.1 million available, subject to available collateral, under a secured line of credit with the FHLB of Dallas. Federal funds lines of credit were available through correspondent banks with approximately $30.0 million available for overnight borrowing at December 31, 2018 .

REGULATORY MATTERS

REGULATORY MATTERS	12 Months Ended
	Dec. 31, 2018
Regulatory Capital Requirements [Abstract]
REGULATORY MATTERS	REGULATORY MATTERS The Company and the Bank are subject to various regulatory capital requirements administered by the federal banking agencies. Failure to meet minimum capital requirements can initiate certain mandatory and possibly additional discretionary actions by regulators that, if undertaken, could have a direct material effect on the financial statements. Under capital adequacy guidelines, the Company and the Bank must meet specific capital guidelines that involve quantitative measures of assets, liabilities, and certain off-balance sheet items as calculated under regulatory accounting practices. The capital amounts and classification are also subject to qualitative judgments by the regulators about components, risk weightings, and other factors. Measures of regulatory capital are an important tool used by regulators to monitor the financial health of financial institutions. The primary quantitative measures used to gauge capital adequacy are the Common Equity Tier 1, Tier 1, Total Capital to risk-weighted assets (risk-based capital ratios) and the ratio of Tier 1 capital to average total assets (leverage ratio). Failure to meet various capital requirements can initiate regulatory action that could have a direct material effect on the Company and Bank. In addition, the OCC has established higher individual minimum capital ratios for the Bank. Specifically, the Bank must maintain a Tier 1 leverage ratio of at least 8%, and a total risk-based capital ratio of at least 12%. As of December 31, 2018 , the most recent notifications from the Federal Deposit Insurance Corporation categorized the Bank as well capitalized under the regulatory framework for prompt corrective action. To be categorized as well capitalized the Bank must maintain minimum common equity Tier I, total risk-based, Tier I risk-based, and Tier I leverage capital ratios as set forth in the table (in thousands). There are no conditions or events since those notifications that management believes has changed the Bank’s category. Beginning on January 1, 2015, the Company and Bank became subject to the provisions of the Basel III final rule that governs the regulatory capital calculation, including transitional, or phase-in, provisions. The methods for calculating the risk-based capital ratios have changed as the provisions of the Basel III final rule related to the numerator (capital) and denominator (risk-weighted assets) were fully phased in on January 1, 2019. The ongoing methodological changes will result in differences in the reported capital ratios from one reporting period to the next that are independent of applicable changes in the capital base, asset composition, off-balance sheet exposures or risk profile. The Company’s and the Bank’s regulatory ratios at the dates indicated are presented below (in thousands) : Actual Minimum Well Capitalized December 31, 2018 Amount Ratio Amount Ratio Amount Ratio Common equity Tier 1 (CET1) Company $ 137,991 12.20 % $ 50,879 4.50 % N/A N/A Bank $ 159,673 14.14 % $ 50,800 4.50 % $ 73,378 6.50 % Total capital Company $ 215,310 19.04 % $ 90,452 8.00 % N/A N/A Bank $ 173,832 15.40 % $ 90,312 8.00 % $ 112,890 10.00 % Tier 1 capital Company $ 201,130 17.79 % $ 67,839 6.00 % N/A N/A Bank $ 159,673 14.14 % $ 67,734 6.00 % $ 90,312 8.00 % Tier 1 Leverage Company $ 201,130 11.45 % $ 70,282 4.00 % N/A N/A Bank $ 159,673 9.11 % $ 70,141 4.00 % $ 87,676 5.00 % Actual Minimum Well Capitalized December 31, 2017 Amount Ratio Amount Ratio Amount Ratio Common equity Tier 1 (CET1) Company $ 171,161 12.10 % $ 63,678 4.50 % N/A N/A Bank $ 183,825 13.00 % $ 63,646 4.50 % $ 91,933 6.50 % Total capital Company $ 251,456 17.77 % $ 113,205 8.00 % N/A N/A Bank $ 201,624 14.26 % $ 113,148 8.00 % $ 141,435 10.00 % Tier 1 capital Company $ 233,648 16.51 % $ 84,904 6.00 % N/A N/A Bank $ 183,825 13.00 % $ 84,861 6.00 % $ 113,148 8.00 % Tier 1 Leverage Company $ 233,648 12.53 % $ 74,614 4.00 % N/A N/A Bank $ 183,825 9.86 % $ 74,591 4.00 % $ 93,239 5.00 %

FAIR VALUE MEASUREMENTS AND DIS

FAIR VALUE MEASUREMENTS AND DISCLOSURES	12 Months Ended
	Dec. 31, 2018
Fair Value Disclosures [Abstract]
FAIR VALUE MEASUREMENTS AND DISCLOSURES	FAIR VALUE MEASUREMENTS AND DISCLOSURES The Company utilizes fair value measurements to record fair value adjustments to certain assets and liabilities and to determine fair value disclosures. Securities available-for-sale and derivative financial instruments are recorded at fair value on a recurring basis. From time to time, the Company may be required to record at fair value other assets on a nonrecurring basis, such as impaired loans, loans held-for-sale, other real estate and assets held-for-sale. Additionally, the Company is required to disclose, but not record, the fair value of other financial instruments. Fair Value Hierarchy The Company groups assets and liabilities at fair value in three levels, based on the markets in which the assets and liabilities are traded and the reliability of the assumptions used to determine fair value. These levels are: Level 1 – Valuation is based upon quoted prices for identical instruments traded in active markets. Level 2 – Valuation is based upon quoted prices for similar instruments in active markets, quoted prices for identical or similar instruments in markets that are not active, and model-based valuation techniques for which all significant assumptions are observable in the market. Level 3 – Valuation is generated from model-based techniques that use at least one significant assumption not observable in the market. These unobservable assumptions reflect estimates of assumptions that market participants would use in pricing the asset or liability. Valuation techniques include use of option pricing models, discounted cash flow models and similar techniques. Following is a description of valuation methodologies used for assets and liabilities which are either recorded or disclosed at fair value. Cash and cash equivalents —The carrying value of cash and due from banks, federal funds sold and interest-bearing deposits in other banks, and time deposits in other banks approximate fair value. Debt Securities —Securities available-for-sale are recorded at fair value on a recurring basis. Fair value measurement is based upon quoted prices, if available. If quoted prices are not available, fair values are measured using independent pricing models or other model-based valuation techniques such as the present value of future cash flows, adjusted for the security’s credit rating, prepayment assumptions and other factors such as credit loss assumptions. Level 1 securities include those traded on an active exchange, such as the New York Stock Exchange and Treasury securities that are traded by dealers or brokers in active over-the-counter market and money market funds. Level 2 securities include mortgage-backed securities issued by government sponsored entities, municipal bonds, corporate debt securities and asset-backed securities and are valued based on observable inputs that include: quoted market prices for similar assets, quoted market prices that are not in an active market, or other inputs that are observable in the market and can be corroborated by observable market data for substantially the full term of the securities. Securities classified as Level 3 include asset-backed securities in less liquid markets. Securities classified as Level 3 are valued based on estimates obtained from broker-dealers and are not directly observable. Loans held-for-sale —Loans held-for-sale are carried at the lower of carrying value or fair value. Fair value is based upon quotes or bids on these loans directly from the purchaser. Loans —For disclosure purposes, the fair value of fixed rate loans is estimated by discounting the future cash flows using the current rates at which similar loans would be made. For variable rate loans, the carrying amount is a reasonable estimate of fair value. The Company does not record loans at fair value on a recurring basis. The fair value of impaired loans is estimated based on discounted contractual cash flows or underlying collateral values, where applicable. A loan is determined to be impaired if the Company believes it is probable that all principal and interest amounts due according to the terms of the note will not be collected as scheduled. The fair value of impaired loans is determined in accordance with ASC 310-10, Accounting by Creditors for Impairment of a Loan , and generally results in a specific reserve established through a charge to the provision for loan losses. Losses on impaired loans are charged to the allowance when management believes the uncollectability of a loan is confirmed. Management has determined that the majority of impaired loans are Level 3 assets due to the extensive use of market appraisals. Cash Surrender Value of Life Insurance Policies —Fair value for life insurance cash surrender value is based on cash surrender values indicated by the insurance companies. Other Real Estate —Other real estate properties are adjusted to fair value upon transfer of the loans to other real estate, and annually thereafter to insure other real estate assets are carried at the lower of carrying value or fair value. Fair value is based upon independent market prices, appraised values of the collateral or management’s estimation of the value of the collateral. When the fair value of the collateral is based on an observable market price or a current appraised value, the Company records the other real estate as nonrecurring Level 2. When an appraised value is not available or management determines the fair value of the collateral is further impaired below the appraised value and adjusts the appraisal value by taking an additional discount for market conditions and there is no observable market prices, the Company records the other real estate asset as nonrecurring Level 3. Derivative Instruments —The fair value of derivatives are determined by an independent valuation firm and are estimated using prices of financial instruments with similar characteristics. As a result, they are classified within Level 2 of the fair value hierarchy. Deposits —The fair value of demand deposits, savings accounts, NOW accounts, and money market deposits is the carrying amount at the reporting date. The fair value of fixed maturity certificates of deposit is estimated by discounting the future cash flows using the rates currently offered for deposits of similar remaining maturities. The estimated fair value does not include customer related intangibles. Securities Sold Under Agreements to Repurchase —The fair value approximates the carrying value of repurchase agreements due to their short-term nature. Federal Home Loan Bank advances —The carrying amount approximates fair value because of the short maturity of these instruments. Junior Subordinated Debentures —For junior subordinated debentures that bear interest on a floating basis, the carrying amount approximates fair value. For junior subordinated debentures that bear interest on a fixed rate basis, the fair value is estimated using a discounted cash flow analysis that applies interest rates currently being offered on similar types of borrowings. Off-Balance-Sheet Instruments —Because commitments to extend credit and standby letters of credit are generally short-term and made using variable rates, the carrying value and estimated fair value associated with these instruments are immaterial for disclosure. The following table presents the fair value measurement of assets and liabilities measured at fair value on a recurring basis and the level within the fair value hierarchy in which the fair value measurements fall at the dates indicated (in thousands): December 31, 2018 Fair Value Level 1 Level 2 Level 3 U.S. Agencies $ 3,072 $ — $ 3,072 $ — State, county and municipal securities 44,088 $ — 44,088 — Mortgage-backed securities 365,877 — 365,877 — Corporate debt securities 24,717 — 24,717 — Derivative assets 1,067 — 1,067 — Total recurring assets at fair value $ 438,821 $ — $ 438,821 $ — December 31, 2017 Fair Value Level 1 Level 2 Level 3 State, county and municipal securities $ 22,809 $ — $ 22,809 $ — Mortgage-backed securities 259,519 $ — 259,519 — Corporate debt securities 24,802 — 24,802 — Derivative assets 1,078 $ — 1,078 — Total recurring assets at fair value $ 308,208 $ — $ 308,208 $ — The following table presents the fair value measurements of assets measured at fair value on a nonrecurring basis and the level within the fair value hierarchy in which the fair value measurements fall at the dates indicated (in thousands): Fair Value Level 1 Level 2 Level 3 December 31, 2018 Impaired loans $ 3,086 $ — $ — $ 3,086 Loans held-for-sale 23,876 — 23,876 — Other real estate 1,067 — — 1,067 Assets held-for-sale 1,024 — 1,024 — $ 29,053 $ — $ 24,900 $ 4,153 December 31, 2017 Impaired loans $ 10,227 $ — $ — $ 10,227 Loans held-for-sale 15,737 — 15,737 — Other real estate 2,001 — — 2,001 Assets held-for-sale 3,572 — 3,572 — $ 31,537 $ — $ 19,309 $ 12,228 The following table shows the significant unobservable inputs used in the fair value measurement of Level 3 assets: Description Fair Value at December 31, 2018 Technique Unobservable Inputs Impaired loans $ 3,086 Third party appraisals Collateral discounts and estimated costs to sell Other real estate 1,067 Third party appraisals Collateral discounts and estimated costs to sell Description Fair Value at December 31, 2017 Technique Unobservable Inputs Impaired loans $ 10,227 Third party appraisals Collateral discounts and estimated costs to sell Other real estate 2,001 Third party appraisals Collateral discounts and estimated costs to sell Limitations 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 financial instrument. Because no market exists for a significant portion of the Company’s financial instruments, fair value estimates are based on many judgments. These estimates are subjective in nature and involve uncertainties and matters of significant judgment and therefore cannot be determined with precision. Changes in assumptions could significantly 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. The estimated fair values of our financial instruments are as follows at December 31, 2018 and 2017 (in thousands) : Fair Value Measurements: December 31, 2018 Carrying Value Level 1 Level 2 Level 3 Financial assets: Cash and cash equivalents 205,371 $ 205,371 $ — $ — Securities available-for-sale 437,754 — 437,754 — Securities held-to-maturity 37,759 — 36,974 — Loans, net 882,355 — — 885,054 Derivative assets 1,067 — 1,067 — Cash surrender value of life insurance policies 15,135 — 15,135 — Financial liabilities: Non-interest-bearing deposits $ 383,167 — 383,167 — Interest-bearing deposits 1,068,904 — 888,806 177,794 Securities sold under agreements to repurchase 11,220 11,220 — — Derivative liability — — — — Federal Home Loan Bank advances 27,500 27,500 — Junior subordinated debentures 22,167 — 22,167 — Fair Value Measurements December 31, 2017 Carrying Value Level 1 Level 2 Level 3 Financial assets: Cash and cash equivalents $ 152,964 $ 152,964 $ — $ — Securities available-for-sale 309,191 2,061 307,130 — Securities held-to-maturity 81,052 — 80,920 — Loans, net 1,156,538 — — 1,160,614 Derivative assets 1,078 $ — 1,078 — Cash surrender value of life insurance policies 14,896 — 14,896 — Financial liabilities: Non-interest-bearing deposits 416,547 — 416,547 — Interest-bearing deposits 1,063,142 — 881,139 179,110 Derivative liabilities — — — — Securities sold under agreements to repurchase 67,133 67,133 — — Federal Home Loan Bank advances 50,021 — 50,021 — Junior subordinated debentures 22,167 — 22,167 —

OTHER NON-INTEREST INCOME AND E

OTHER NON-INTEREST INCOME AND EXPENSE	12 Months Ended
	Dec. 31, 2018
Other Income and Expenses [Abstract]
OTHER NON-INTEREST INCOME AND EXPENSE	OTHER NON-INTEREST INCOME AND EXPENSE For the years ended December 31, 2018 and 2017 , none of the components of other noninterest income were greater than 1% of interest income and noninterest income. Components of other noninterest expense greater than 1% of interest income and noninterest income consisted of the following for the years ended December 31, 2018 and 2017 (in thousands) : 2018 2017 Legal and Professional Fees $ 8,789 $ 3,319 FDIC fees 1,599 1,572 Marketing expenses 1,105 1,197 Corporate development expense 1,107 1,016 Data processing 2,889 2,640 Amortization of intangibles 1,106 1,106

CONDENSED FINANCIAL INFORMATION

CONDENSED FINANCIAL INFORMATION OF PARENT COMPANY	12 Months Ended
	Dec. 31, 2018
Condensed Financial Information Disclosure [Abstract]
CONDENSED FINANCIAL INFORMATION OF PARENT COMPANY	CONDENSED FINANCIAL INFORMATION OF PARENT COMPANY Summarized financial information for MidSouth Bancorp, Inc. (parent company only) follows: Balance Sheets December 31, 2018 and 2017 (in thousands) 2018 2017 Assets Cash and interest-bearing deposits in banks $ 44,827 $ 50,174 Other assets 1,791 2,371 Investment in and advances to subsidiaries 198,608 225,634 Total assets $ 245,226 $ 278,179 Liabilities and Stockholders’ Equity Liabilities: Dividends payable $ 977 $ 975 Junior subordinated debentures 22,167 22,167 ESOP obligation — 937 Other 92 85 Total liabilities 23,236 24,164 Stockholders’ equity 221,990 254,015 Total liabilities and stockholders’ equity $ 245,226 $ 278,179 Statements of Operations For the Years Ended December 31, 2018 and 2017 (in thousands) 2018 2017 Revenue: Dividends from Bank $ 262 $ 4,000 Rental and other income 30 140 292 4,140 Expenses: Interest expense 1,025 830 Professional fees 476 235 Other expenses 873 854 2,374 1,919 Income before equity in undistributed earnings/loss of subsidiaries and income taxes (2,082 ) 2,221 Equity in undistributed (loss) of subsidiaries (24,823 ) (14,802 ) Income tax expense (benefit) 611 (820 ) Net loss $ (27,516 ) $ (11,761 ) Statements of Cash Flows For the Years Ended December 31, 2018 and 2017 (in thousands) 2018 2017 Cash flows from operating activities: Net loss $ (27,516 ) $ (11,761 ) Adjustments to reconcile net loss to net cash provided by operating activities: Undistributed loss of subsidiaries 24,823 14,802 Other, net 604 (246 ) Net cash (used in) provided by operating activities (2,089 ) 2,795 Cash flows from investing activities: Payments for investments in and advances to subsidiaries — (20,000 ) Repayment of investments in and advance to subsidiaries — 203 Net cash used in investing activities — (19,797 ) Cash flows from financing activities: Proceeds from exercise of stock options 643 266 Proceeds from issuance of common stock — 57,834 Payment of preferred dividends (3,239 ) (3,242 ) Stock offering expenses — (683 ) Payment of common dividends (662 ) (3,704 ) Net cash (used in) provided by financing activities (3,258 ) 50,471 Net change in cash and cash equivalents (5,347 ) 33,469 Cash and cash equivalents at beginning of year 50,174 16,705 Cash and cash equivalents at end of year $ 44,827 $ 50,174

SUBSEQUENT EVENTS

SUBSEQUENT EVENTS	12 Months Ended
	Dec. 31, 2018
Subsequent Events [Abstract]
SUBSEQUENT EVENTS	SUBSEQUENT EVENTS Subsequent to December 31, 2018 , the Company completed the sale of $16.9 million of loans classified as held for sale at December 31, 2018 . Total proceeds from the transaction were $18.3 million .

SUMMARY OF SIGNIFICANT ACCOUN_2

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	12 Months Ended
	Dec. 31, 2018
Accounting Policies [Abstract]
Basis of Presentation	Basis of Presentation —The consolidated financial statements include the accounts of MidSouth Bancorp, Inc. (the “Company”) and its wholly owned subsidiary MidSouth Bank, N.A. (the “Bank”). All significant intercompany accounts and transactions have been eliminated in consolidation. We are subject to regulation under the Bank Holding Company Act of 1956. The Bank is primarily regulated by the Office of the Comptroller of the Currency (“OCC”) and the Federal Deposit Insurance Corporation (“FDIC”). We are a bank holding company headquartered in Lafayette, Louisiana operating principally in the community banking business by providing banking services to commercial and retail customers through the Bank. The Bank is community oriented and focuses primarily on offering competitive commercial and consumer loan and deposit services to individuals and small to middle market businesses in Louisiana and central and east Texas. The accounting principles we follow and the methods of applying these principles conform with accounting principles generally accepted in the United States of America (“GAAP”) and with general practices within the banking industry. In preparing the financial statements in conformity with GAAP, management is required to make estimates and assumptions that affect the reported amounts in the financial statements. Actual results could differ significantly from those estimates. Material estimates common to the banking industry that are particularly susceptible to significant change in the near term include, but are not limited to, the determination of the allowance for loan losses, the valuation of real estate acquired in connection with or in lieu of foreclosure on loans, the assessment of goodwill for impairment, and valuation allowances associated with the realization of deferred tax assets which are based on future taxable income. Given the current instability of the economic environment, it is reasonably possible that the methodology of the assessment of potential loan losses, losses on other real estate owned, goodwill impairment, and other fair value measurements could change in the near term or could result in impairment going forward.
Cash and cash equivalents	Cash and cash equivalents —Cash and cash equivalents include cash on hand, amounts due from banks, interest-bearing deposits in other banks with original maturities of less than 90 days, and federal funds sold.
Investment Securities	Investment Securities —We determine the appropriate classification of debt securities at the time of purchase and reassesses this classification periodically. Trading account securities are held for resale in anticipation of short-term market movements. Debt securities are classified as held-to-maturity when we have the positive intent and ability to hold the securities to maturity. Securities not classified as held-to-maturity or trading are classified as available-for-sale. We had no trading account securities during the two years ended December 31, 2018 . Held-to-maturity securities are stated at amortized cost. Available-for-sale securities are stated at fair value, with unrealized gains and losses, net of deferred taxes, reported as a separate component of stockholders’ equity. The amortized cost of debt securities classified as held-to-maturity or available-for-sale is adjusted for amortization of premiums and accretion of discounts to maturity or, in the case of mortgage-backed securities, over the estimated life of the security. Amortization, accretion, and accrued interest are included in interest income on securities. Realized gains and losses on the sale of investment securities are included in earnings and are determined using the specific-identification method. Management evaluates investment securities for other than temporary impairment on a quarterly basis. A decline in the fair value of available-for-sale and held-to-maturity securities below cost that is deemed other than temporary is charged to earnings for a decline in value deemed to be credit related and a new cost basis for the security is established. The decline in value attributed to non-credit related factors is recognized in other comprehensive income.
Other Investments	Other Investments —Other investments include Federal Reserve Bank and Federal Home Loan Bank stock, as well as other correspondent bank stocks, which have no readily determined market value and are carried at cost. Due to the redemption provisions of the investments, the fair value equals cost and no impairment exists.
Loans held-for-sale	Loans held-for-sale —Loans are classified as held-for-sale when management has positively determined that the loans will be sold in the foreseeable future and the Company has the ability to do so. The classification may be made upon origination or subsequent to the origination or purchase. Once a decision has been made to sell loans not previously classified as held-for-sale, such loans are transferred into the held-for-sale classification and carried at the lower of cost or estimated fair value. Fair value is based on commitments from investors or prevailing market prices. Gains and losses on sales are recorded in noninterest income or expense.
Loans	Loans —Loans that we have the intent and ability to hold for the foreseeable future or until maturity are reported at the principal amount outstanding, net of the allowance for loan losses and any deferred fees or costs on originated loans. Interest income on commercial and real estate mortgage loans is calculated by using the simple interest method on the daily balance of the principal amount outstanding. Unearned income on installment loans is credited to operations based on a method which approximates the interest method. The special assets and the collections departments are responsible for validating loans past due for reporting purposes. Once loans are determined to be past due, both departments actively works with customers to bring loans back to current status. We consider a loan to be impaired when, based upon current information and events, we believe it is probable that we will be unable to collect all amounts due according to the contractual terms of the loan agreement. All loans above a specific threshold classified as special mention, substandard, or doubtful, based on credit risk rating factors, are reviewed for potential impairment. Our impaired loans include troubled debt restructurings and performing and nonperforming major loans in which full payment of principal or interest is not expected. All TDRs, regardless of the outstanding balance, are reviewed for potential impairment. We calculate the allowance required for impaired loans based on the present value of expected future cash flows discounted at the loan’s effective interest rate, or at the loan’s observable market price or the fair value of the collateral if the loan is collateral dependent. A loan may be impaired but not on nonaccrual status when available information suggests that it is probable the Bank may not receive all contractual principal and interest, however, the loan is still current and payments are received in accordance with the terms of the loan. Payments received for impaired loans not on nonaccrual status are applied to principal and interest. All impaired loans are reviewed, at minimum, on a quarterly basis. Reviews may be performed more frequently if material information is available before the next scheduled quarterly review. Existing valuations are reviewed to determine if additional discounts or new appraisals are required. After this review, when comparing the resulting collateral valuation to the outstanding loan balance, if the discounted collateral value exceeds the loan balance no specific allocation is reserved. All loans included in our impairment analysis are subject to the same procedure and review, with no distinction given to the dollar amount of the loan. Our Credit Risk Committee meets monthly to review loans with adverse classifications. Loans greater than or equal to $1,000,000 with adverse classifications are reviewed monthly; loans between $250,000 and $1,000,000 with adverse classifications are reviewed quarterly. Loan officers, loan review officers, and special assets officers contribute updated information on each credit, reviewing potential declines or improvements in the borrower’s repayment ability and our collateral position. If deterioration in our collateral position is determined, additional discounts may be applied to the impairment analysis before the new appraisal is received. The committee makes a determination of whether the loans reviewed have reached a point of collateral dependency and sufficient doubt exists as to collectability. As a matter of policy, loans are placed on nonaccrual status when, in the judgment of committee members, the probability of collection of interest is deemed insufficient to warrant further accrual. For loans placed on nonaccrual status, the accrual of interest is discontinued and subsequent payments received are applied to the principal balance. Interest income is recorded after principal has been satisfied and as payments are received. Additionally, loans may be placed on nonaccrual status when the loan becomes 90 days past due and any of the following conditions exist: it becomes evident that the borrower will not make payments or will not or cannot meet the Bank’s terms for the renewal of a matured loan, full repayment of principal and interest is not expected, the loan has a credit risk rating of substandard, the borrower files bankruptcy and an approved plan of reorganization or liquidation is not anticipated in the near future, or foreclosure action is initiated. When a loan is placed on nonaccrual status, previously accrued but unpaid interest for the current year is deducted from interest income. Prior year unpaid interest is charged to the allowance for loan losses. Some loans may continue accruing after 90 days if the loan is in the process of renewing, being paid off, or the underlying collateral fully supports both the principal and accrued interest and the loan is in the process of collection. Nonaccrual loans may be returned to accrual status if all principal and interest amounts contractually owed are reasonably assured of repayment within a reasonable period and there is a period of at least six months to one year of repayment performance by the borrower depending on the contractual payment terms. When loans are returned to accrual status, interest income that was previously applied to the principal balance is not reversed but is recognized into interest income as an adjustment to the yield over the remaining life of the loan. Our Director of Special Assets and CCO must approve the return of loans to accrual status as well as exceptions to any requirements of the non-accrual policy. Generally, commercial, financial, and agricultural loans; construction loans; commercial real estate loans; consumer loans; and finance leases which become 90 days delinquent are either in the process of collection through repossession or foreclosure or are deemed currently uncollectible. The portion of loans deemed currently uncollectible, due to insufficient collateral, are charged-off against the allowance for loan losses. All loans requested to be charged-off must be specifically authorized by the Director of Special Assets and the CCO. Requests may be initiated by collection personnel, bank counsel, loan review, and lending personnel. Charge-offs will be reviewed by the Director of Special Assets and the CCO to ensure the propriety and accuracy of charge-off recommendations. Factors considered when determining loan collectability and amount to be charged off for all segments in our loan portfolio include delinquent principal or interest repayment, the ability of borrower to make future payments, collateral value of outstanding debt, and the adequacy of guarantors support. It is the responsibility of the Director of Special Assets to report all charge-offs to the Credit Risk Committee for ratification.
Credit Risk Rating	Credit Risk Rating —We manage credit risk by observing written underwriting standards and lending policy established by the Board of Directors and management to govern all lending activities. The risk management program requires that each individual loan officer review his or her portfolio on a quarterly basis and assign recommended credit ratings on each loan. These efforts are supplemented by independent reviews performed by a loan review officer and other validations performed by the internal audit department. The results of the reviews are reported directly to the Audit Committee of the Board of Directors. Additionally, Bank concentrations are monitored and reported quarterly for risk rating distributions, major standard industry classification segments, real estate concentrations, and collateral distributions. Consumer and residential real estate loans are normally graded at inception, and the grade generally remains the same throughout the life of the loan. Loan grades on commercial, financial, and agricultural; construction; commercial real estate; and finance leases may be changed at any time when circumstances warrant, and are at a minimum reviewed quarterly. Loans can be classified into the following three risk rating groupings: pass, special mention, and substandard/doubtful. Factors considered in determining a risk rating grade include debt service capacity, capital structure/liquidity, management, collateral quality, industry risk, company trends/operating performance, repayment source, revenue diversification/customer concentration, quality of financial information, and financing alternatives. Pass grade signifies the highest quality of loans to loans with reasonable credit risk, which may include borrowers with marginally adequate financial performance, but have the ability to repay the debt. Special mention loans have potential weaknesses that warrant extra attention from the loan officer and other management personnel, but still have the ability to repay the debt. Substandard classification includes loans with well-defined weaknesses with risk of potential loss. Loans classified as doubtful are considered to have little recovery value and are charged off.
Allowance for Loan Losses	Allowance for Loan Losses —The allowance for loan losses is a valuation account available to absorb probable losses on loans. All losses are charged to the allowance for loan losses when the loss actually occurs or when a determination is made that a loss is likely to occur. Recoveries are credited to the allowance for loan losses at the time of recovery. Quarterly, we estimate the probable level of losses in the existing portfolio through consideration of such factors including, but not limited to, past loan loss experience; estimated losses in significant credits; known deterioration in concentrations of credit; trends in nonperforming assets; volume and composition of the loan portfolio, including percentages of special mention, substandard and past due loans; lending policies and control systems; known inherent risks in the portfolio; adverse situations that may affect the borrower’s ability to repay; the estimated value of any underlying collateral; current national and local economic conditions, including the unemployment rate, the price of oil, and real estate absorption time; the experience, ability and depth of lending management; collections personnel experience; and the results of examinations of the loan portfolio by regulatory agencies and others. Based on these estimates, the allowance for loan losses is increased by charges to earnings and decreased by charge-offs (net of recoveries). The allowance is composed of general reserves and specific reserves. General reserves are determined by applying loss percentages to segments of the portfolio. The loss percentages are based on each segment’s historical loss experience, generally over the past three to five years, and adjustment factors derived from conditions in the Bank’s internal and external environment. All loans considered to be impaired are evaluated on an individual basis to determine specific reserve allocations in accordance with GAAP. Loans for which specific reserves are provided are excluded from the calculation of general reserves. We have an internal loan review department that is independent of the lending function to challenge and corroborate the loan grade assigned by the lender and to provide additional analysis in determining the adequacy of the allowance for loan losses. Management and the Board of Directors believe the allowance for loan losses is appropriate at December 31, 2018 . While determination of the allowance for loan losses is based on available information at a given point in time, future additions to the allowance may be necessary based on changes in economic conditions. In addition, various regulatory agencies, as an integral part of their examination process, periodically review our allowance for loan losses. Such agencies may require us to recognize additions or deductions to the allowance based on their judgment and information available to them at the time of their examination.
Premises and Equipment	Premises and Equipment —Premises and equipment are stated at cost less accumulated depreciation and amortization. Depreciation and amortization are computed using the straight-line method over the estimated useful lives of the assets. The estimated useful lives used to compute depreciation are: Buildings and improvements 10 - 40 years Furniture, fixtures, and equipment 3 - 10 years Automobiles 3 - 5 years Leasehold improvements are amortized over the estimated useful lives of the improvements or the term of the lease, whichever is shorter.
Goodwill and Other Intangible Assets	Goodwill and Other Intangible Assets —Goodwill represents the excess of the purchase price over the fair value of the net identifiable assets acquired in a business combination. Goodwill and other intangible assets deemed to have an indefinite useful life are not amortized but instead are subject to review for impairment annually, or more frequently if deemed necessary. Also, in connection with business combinations involving banks and branch locations, we generally record core deposit intangibles representing the value of the acquired core deposit base. Core deposit intangibles are amortized over the estimated useful life of the deposit base, generally on either a straight-line basis not exceeding 15 years or an accelerated basis over 10 years . The remaining useful lives of core deposit intangibles are evaluated periodically to determine whether events and circumstances warrant revision of the remaining period of amortization.
Cash Surrender Value of Life Insurance	Cash Surrender Value of Life Insurance —Life insurance contracts represent single premium life insurance contracts on the lives of certain officers of the Company. The Company is the beneficiary of these policies. These contracts are reported at their cash surrender value and changes in the cash surrender value are included in other noninterest income.
Other Real Estate Owned	Other Real Estate Owned —Real estate properties acquired through, or in lieu of, loan foreclosures are initially recorded at fair value less estimated costs to sell based on a current valuation at the time of foreclosure. After foreclosure, valuations are periodically performed by management and a charge to earnings is recorded if the carrying value of a property exceeds its fair value less estimated costs to sell. Revenues and expenses from operations and changes in the valuation allowance are charged to earnings.
Assets held-for-sale	Assets held-for-sale —Branch closures are evaluated to determine if the related land, buildings and building improvements should be transferred to assets held-for-sale in accordance with FASB ASC Topic 360, Property, Plant and Equipment. The property is transferred to assets held-for-sale at the lower of its carrying value or fair value less cost to sell. An impairment loss is recorded at the time of transfer if the carrying value of the assets exceeds the fair value. Impairment losses are recorded as non-interest expense.
Derivatives	Derivatives —Derivative financial instruments are recognized as assets and liabilities on the consolidated balance sheets and, as required by ASC Topic 815, Derivatives and Hedging , the Company records all derivatives at fair value. Accounting for changes in fair value of derivatives differs depending on whether the derivative has been designated and qualifies as part of a hedge relationship, and further, on the type of relationship. Derivatives Designated as Hedging Relationships The Company has entered into forward interest rate swap contracts to minimize the variability of future cash flows that is caused by changes in interest rates or other economic factors. These derivative instruments were designated as cash flow hedges under ASC Topic 815, Derivatives and Hedging. For cash flow hedges, the effective portion of the gain or loss related to the derivative instrument is initially reported as a component of other comprehensive income and subsequently reclassified into earnings when the forecasted transaction affects earnings or when the hedge is terminated. The ineffective portion of the gain or loss is reported in earnings immediately. Derivatives Not Designated as Hedging Relationships The Company offers certain derivative instruments directly to qualified commercial lending clients seeking to manage their interest rate risk. These derivative instruments, including interest rate swap agreements, are not designated for hedge accounting and changes in fair value are recognized in earnings immediately. Interest rate swaps are contracts in which a series of interest rate cash flows are exchanged over a prescribed period. The notional balance of interest rate swap agreements held by the Company at December 31, 2018 and 2017 was minimal and not material to the consolidated balance sheets.
Repurchase Agreements	Repurchase Agreements —Securities sold under agreements to repurchase are secured borrowings treated as financing activities and are carried at the amounts at which the securities will be subsequently reacquired as specified in the respective agreements.
Deferred Compensation	Deferred Compensation —We record the expense of deferred compensation agreements over the service periods of the persons covered under these agreements.
Income Taxes	Income Taxes —Deferred tax assets and liabilities are recorded for future tax consequences attributable to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax basis. Future tax benefits, such as net operating loss carry forwards, are recognized to the extent that realization of such benefits is more likely than not. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which the assets and liabilities are expected to be recovered or settled. The effect on deferred tax assets and liabilities of a change in tax rates is recognized in income tax expense in the period that includes the enactment date. In the event the future tax consequences of differences between the financial reporting bases and the tax bases of our assets and liabilities results in deferred tax assets, an evaluation of the probability of being able to realize the future benefits indicated by such assets is required. A valuation allowance is provided when it is more likely than not that a portion or the full amount of the deferred tax asset will not be realized. In assessing the ability to realize the deferred tax assets, management considers the scheduled reversals of deferred tax liabilities, projected future taxable income, and tax planning strategies. A deferred tax liability is not recognized for portions of the allowance for loan losses for income tax purposes in excess of the financial statement balance. Such a deferred tax liability will only be recognized when it becomes apparent that those temporary differences will reverse in the foreseeable future. A tax position is recognized as a benefit only if it is “more likely than not” that the tax position would be sustained in a tax examination, with a tax examination being presumed to occur. The amount recognized is the largest amount of tax benefit that is greater than 50 percent more likely of being realized on examination. For tax positions not meeting the “more likely than not” test, no tax benefit is recorded. The Company recognizes interest and/or penalties related to income tax matters in income tax expense.
Stock-Based Compensation	Stock-Based Compensation —We expense stock-based compensation based upon the grant date fair value of the related equity award over the requisite service period of the employee. The Company accounts for stock-based forfeitures as they occur.
Basic and Diluted Earnings Per Common Share	Basic and Diluted Earnings Per Common Share —Basic earnings per common share (“EPS”) excludes dilution and is computed by dividing net earnings by the weighted-average number of common shares outstanding for the period. Diluted EPS reflects the potential dilution that could occur if securities or other contracts to issue common stock were exercised or converted into common stock or resulted in the issuance of common stock that then shared in the earnings of the Company. Diluted EPS is computed by dividing net earnings by the total of the weighted-average number of shares outstanding plus the dilutive effect of outstanding options. The amounts of common stock and additional paid-in capital are adjusted to give retroactive effect to large stock dividends. Small stock dividends, or dividends less than 25% of issued shares at the declaration date, are reflected as an increase in common stock and additional paid-in capital and a decrease in retained earnings for the market value of the shares on the date the dividend is declared.
Comprehensive Income	Comprehensive Income —Generally all recognized revenues, expenses, gains and losses are included in net earnings. Although certain changes in assets and liabilities, such as unrealized gains and losses on available-for-sale securities, are reported as a separate component of the equity section of the consolidated balance sheets, such items, along with net earnings, are components of comprehensive income. We present comprehensive income in a separate consolidated statement of comprehensive income.
Statements of Cash Flows	Statements of Cash Flows —For purposes of reporting cash flows, cash and cash equivalents include cash on hand, amounts due from banks, federal funds sold, and interest-bearing deposits in other banks with original maturities of less than 90 days. Generally, federal funds are sold for one -day periods.
Reclassifications	Reclassifications - Certain items in prior financial statements have been reclassified to conform to the current presentation.
Recent and Recently Adopted Accounting Pronouncements	Recent Accounting Pronouncements —In February 2016, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) No. 2016-02, Leases (Topic 842). This guidance was further modified in July 2018 by ASU No. 2018-10, Codification Improvements to Topic 842 Leases and ASU No. 2018-11, Leases (Topic 842): Targeted Improvements . These updates require a lessee to recognize in the statement of financial position a liability to make lease payments (the lease liability) and a right-of-use asset representing its right to use the underlying asset for the lease term. For leases with a term of 12 months or less, a lessee is permitted to make an accounting policy election not to recognize lease assets and lease liabilities. For public entities, these updates are effective for fiscal years beginning after December 15, 2018, with the option to transition with a modified retrospective application to prior periods presented or to apply the guidance as of the adoption date without restating prior periods. The Company plans to apply the guidance as of the adoption date without restating prior periods, and expects to report higher assets and liabilities as a result of including leases on the consolidated balance sheet. At December 31, 2018, future minimum lease payments amounted to $10.3 million . The Company does not expect the new guidance to have a material impact on the consolidated statements of income or the consolidated statements of shareholders’ equity. In June 2016, the FASB issued ASU No. 2016-13, Financial Instruments - Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments . This guidance was further modified in November 2018 by ASU No. 2018–19, Codification Improvements to Topic 326, Financial Instruments – Credit Losses. The new guidance replaces the incurred loss impairment methodology in current GAAP with an expected credit loss methodology and requires consideration of a broader range of information to determine credit loss estimates. Financial assets measured at amortized cost will be presented at the net amount expected to be collected by using an allowance for credit losses. Purchased credit impaired loans will receive an allowance account at the acquisition date that represents a component of the purchase price allocation. Credit losses relating to available-for-sale debt securities will be recorded through an allowance for credit losses, with such allowance limited to the amount by which fair value is below amortized cost. Application of this update will primarily be on a modified retrospective approach, although the guidance for debt securities for which an other-than-temporary impairment has been recognized before the effective date and for loans previously covered by ASC 310-30, Receivables - Loans and Debt Securities Acquired with Deteriorated Credit Quality will be applied on a prospective basis. For public entities, this update is effective for fiscal years beginning after December 15, 2019. Upon adoption, the Company expects that the allowance for credit losses will be higher given the change to estimated losses for the estimated life of the financial asset, however management is still in the process of determining the potential magnitude of the increase. Management has formed a steering committee and has completed a gap assessment that became the basis for a full project plan. In addition, management has selected a vendor model and begun the implementation phase of the project plan. The Company is implementing a new software program to ensure it is prepared for implementation by the effective date. In June 2018, the FASB issued ASU No. 2018-08, Not for Profit Entities (Topic 958): Clarifying the Scope and the Accounting Guidance for Contributions Received and Contributions Made . This update clarifies the guidance about whether a transfer of assets (or the reduction, settlement or cancellation of liabilities) is a contribution or an exchange transaction. In addition, the guidance clarifies the determination of whether a transaction is conditional. For public entities, this update is effective for contributions made in fiscal years beginning after December 15, 2018. The Company does not expect the new guidance to have a material impact on the consolidated financial statements. In August 2018, the FASB issued ASU No. 2018-13, Fair Value Measurement (Topic 820): Disclosure Framework - Changes to the Disclosure Requirements for Fair Value Measurement . The update removes disclosures that are no longer considered cost beneficial, modifies certain requirements of disclosures, and adds disclosure requirements identified as relevant. For public entities, this guidance is effective for fiscal years ending after December 15, 2019 and, depending on the provision, requires either prospective or retrospective application to prior periods presented. The Company does not expect the new guidance to have a material impact on the consolidated financial statements. In October 2018, the FASB issued ASU No. 2018-16, Derivatives and Hedging (Topic 815): Inclusion of the Secured Overnight Financing Rate (SOFR) Overnight Index Swap (OIS) Rate as a Benchmark Interest Rate for Hedge Accounting Purposes . This update permits the OIS rate based on SOFR as a U.S. benchmark interest rate for hedge accounting purposes under Topic 815. The Company does not expect the new guidance to have a material impact on the consolidated financial statements. Recently Adopted Accounting Pronouncements — In January 2016, the FASB issued ASU 2016-1, Financial Instruments - Overall (Subtopic 825-10): Recognition and Measurement of Financial Assets and Liabilities . The guidance in this update requires that equity investments (except those accounted for under the equity method of accounting) be measured at fair value with changes in fair value recognized in net income. However, an entity may choose to measure equity investments that do not have readily determinable fair values at cost minus impairment, if any, plus or minus changes resulting from observable price changes in orderly transactions for the identical or a similar investment of the same issuer. The guidance also simplifies the impairment assessment of equity investments without readily determinable fair values by requiring a qualitative assessment to identify impairment. In addition, the guidance addresses various disclosure and presentation issues related to financial instruments. For public entities, this update was effective for fiscal years beginning after December 15, 2017 with early application permitted. The adoption of this update did not have a material impact on the consolidated financial statements. There was an opening balance sheet adjustment of $31,000 as a result of the adoption. In February 2018, the FASB issued ASU 2018-02 - Income Statement-Reporting Comprehensive Income (Topic 220): Reclassification of Certain Tax Effects from Accumulated Other Comprehensive Income . This update seeks to help entities reclassify certain stranded income tax effects in accumulated other comprehensive income resulting from the Tax Cuts and Jobs Act of 2017 (the "Tax Reform Act"), enacted on December 22, 2017. This guidance was issued in response to concerns regarding current accounting guidance that requires deferred tax assets and deferred tax liabilities to be adjusted for the effect of a change in tax laws or rates with the effect included in income from continuing operations in the reporting period that includes the enactment date, even in situations in which the related income tax effects of items in accumulated other comprehensive income were originally recognized in other comprehensive income, rather than net income, and as a result the stranded tax effects would not reflect the appropriate tax rate. The amendments of this guidance allow an entity to make a reclassification from accumulated other comprehensive income to retained earnings for the stranded tax effects, which is the difference between the historical corporate income tax rate of 35.0% and the newly enacted corporate income tax rate of 21.0%. This guidance is effective for fiscal years, and interim periods within those years, beginning after December 31, 2018; however, public business entities are allowed to early adopt the amendments of this guidance in any interim period for which the financial statements have not yet been issued. The amendments of this guidance may be applied either at the beginning of the period (annual or interim) of adoption or retrospectively to each of the period(s) in which the effect of the change in the U.S. federal corporate tax rate in the Tax Reform Act is recognized. As a result of the remeasurement of the Company's deferred tax assets and deferred tax liabilities following the enactment of the Tax Reform Act, accumulated other comprehensive loss included $324,000 of stranded tax effects at December 31, 2017. The Company early adopted This guidance during the first quarter of 2018 and made an election to reclassify the stranded tax effects from accumulated other comprehensive loss to retained earnings at the beginning of the period of adoption. The reclassification of the stranded tax effects, resulted in an increase of $324,000 in accumulated other comprehensive loss and a corresponding increase of $324,000 in retained earnings. In August 2017, the FASB issued ASU 2017-12 - Derivatives and Hedging (Topic 815): Targeted Improvements to Accounting for Hedging Activities . The purposes of this guidance are to (1) improve the transparency and understandability of information conveyed in financial statements about an entity’s risk management activities by better aligning the entity’s financial reporting for hedging relationships with the economic objectives of those risk management activities and (2) reduce the complexity of and simplify the application of hedge accounting by preparers. this guidance is effective for interim and annual reporting periods beginning after December 15, 2018 with early adoption in an interim period permitted. This guidance requires a modified retrospective transition method in which the Company will recognize the cumulative effect of the change on the opening balance of each affected component of equity in the statement of financial position as of the beginning of the fiscal year of adoption. During the fourth quarter of 2018, the Company early adopted the provisions of this guidance, and the adoption did not have a material impact on the Company's consolidated financial statements. At December 31, 2018 , we transferred $23.9 million in securities held-to-maturity to securities available-for-sale, and made a reclassification adjustment of $58,000 to accumulated other comprehensive loss. In May 2014, the FASB issued ASU No. 2014-09, Revenue from Contracts with Customers . This ASU provides guidance on the recognition of revenue from contracts with customers. The core principle of the guidance is that an entity should recognize revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. This guidance was effective for public entities for annual reporting periods beginning after December 15, 2017, including interim periods within that reporting period, and was applied retrospectively either to each prior reporting period or with a cumulative effect recognized at the date of initial application. On January 1, 2018, the Company adopted ASU 2014-09 and all subsequent amendments to the ASU (collectively, ASC 606) using the modified retrospective approach. Because the guidance did not apply to revenue associated with financial instruments, including loans, leases, derivatives and securities, and revenue sources within scope were not materially affected, the new revenue recognition guidance did not have a material impact on the consolidated financial statements.

SUMMARY OF SIGNIFICANT ACCOUN_3

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)	12 Months Ended
	Dec. 31, 2018
Accounting Policies [Abstract]
Schedule of Estimated Useful Lives	The estimated useful lives used to compute depreciation are: Buildings and improvements 10 - 40 years Furniture, fixtures, and equipment 3 - 10 years Automobiles 3 - 5 years

INVESTMENT SECURITIES (Tables)

INVESTMENT SECURITIES (Tables)	12 Months Ended
	Dec. 31, 2018
Investments, Debt and Equity Securities [Abstract]
Portfolio of Available-for-Sale Investment Securities	The amortized cost and estimated fair value of securities available-for-sale along with gross unrealized gains and losses are summarized as follows (in thousands) : Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Fair Value December 31, 2018 U.S. Agencies $ 3,016 $ 56 $ — $ 3,072 State, county, and municipal securities 44,639 214 765 44,088 Mortgage-backed securities 370,706 1,092 5,921 365,877 Corporate debt securities 25,567 433 1,283 24,717 Total debt securities available-for-sale $ 443,928 $ 1,795 $ 7,969 $ 437,754 December 31, 2017 State, county, and municipal securities $ 23,042 $ 209 $ 442 $ 22,809 Mortgage-backed securities 263,467 915 4,863 259,519 Corporate debt securities 23,975 837 10 24,802 Total debt securities available-for-sale $ 310,484 $ 1,961 $ 5,315 $ 307,130
Portfolio of Held-to-Maturity Securities	The amortized cost and estimated fair value of securities held-to-maturity along with gross unrealized gains and losses are summarized as follows (in thousands) : Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Fair Value December 31, 2018 State, county, and municipal securities $ 1,977 $ 1 $ 10 $ 1,968 Mortgage-backed securities 35,782 — 776 35,006 Total debt securities held-to-maturity $ 37,759 $ 1 $ 786 $ 36,974 December 31, 2017 State, county, and municipal securities $ 35,908 $ 265 $ 22 $ 36,151 Mortgage-backed securities 45,144 171 546 44,769 Total debt securities held-to-maturity $ 81,052 $ 436 $ 568 $ 80,920
Summary of Amortized Cost and Fair Value of Debt Securities by Contractual Maturity	The amortized cost and fair value of available-for-sale and held-to-maturity securities at December 31, 2018 by contractual maturity are shown below (in thousands) . Amortized Cost Fair Value Available-for-sale: Due after one year through five years $ 10,894 $ 9,710 Due after five years through ten years 35,203 35,620 Due after ten years 27,125 26,547 Mortgage-backed securities¹ 370,706 365,877 Total debt securities available-for-sale $ 443,928 $ 437,754 Amortized Cost Fair Value Held-to-maturity: Due in one year or less $ 766 $ 766 Due after one year through five years 1,211 1,202 Mortgage-backed securities¹ 35,782 35,006 Total debt securities held-to-maturity $ 37,759 $ 36,974 ¹Actual maturities may differ from contractual maturities because of rights to call or repay obligations with or without penalties and scheduled and unscheduled principal payments on mortgage-backed securities and collateralized mortgage obligations.
Schedule of Investment Securities with Unrealized Losses	The following summarizes the fair value of securities available-for-sale in an unrealized loss position as of the dates indicated (in thousands) : Less than 12 months 12 Months of More Total December 31, 2018 Fair Value Unrealized Loss Fair Value Unrealized Loss Fair Value Unrealized Loss State, county, and municipal securities $ 2,573 $ 11 $ 19,539 $ 754 $ 22,112 $ 765 Mortgage-backed securities 25,706 34 197,036 5,887 222,742 5,921 Corporate debt securities 3,307 1,283 — — 3,307 1,283 Total $ 31,586 $ 1,328 $ 216,575 $ 6,641 $ 248,161 $ 7,969 December 31, 2017 State, county, and municipal securities $ 596 $ 5 $ 12,716 $ 437 $ 13,312 $ 442 Mortgage-backed securities 87,390 772 145,696 4,091 233,086 4,863 Corporate debt securities 2,990 10 — — 2,990 10 Total $ 90,976 $ 787 $ 158,412 $ 4,528 $ 249,388 $ 5,315 The following summarizes the fair value of securities held-to-maturity in an unrealized loss position as of the dates indicated (in thousands) : Less than 12 months 12 Months or More Total Fair Value Unrealized Loss Fair Value Unrealized Loss Fair Value Unrealized Loss December 31, 2018 State, county, and municipal securities $ — $ — $ 1,703 $ 10 $ 1,703 $ 10 Mortgage-backed securities — — 35,006 776 35,006 776 Total debt securities $ — $ — $ 36,709 $ 786 $ 36,709 $ 786 December 31, 2017 State, county, and municipal securities $ 6,340 $ 22 $ — $ — $ 6,340 $ 22 Mortgage-backed securities 13,138 95 12,090 451 25,228 546 Total debt securities $ 19,478 $ 117 $ 12,090 $ 451 $ 31,568 $ 568
Sales of Securities Available-For-Sale and Held-To-Maturity Securities	Sales of securities available-for-sale and held-to-maturity securities are summarized in the following table (in thousands) : December 31, 2018 December 31, 2017 Available-for-sale securities Proceeds from sales $ 8,965 $ 16,979 Gross gains on sales $ 239 $ 449 Gross losses on sales (288 ) (109 ) Net realized (losses) gains on sales $ (49 ) $ 340 Held-to-maturity securities Proceeds from sales $ — $ 887 Gross gains on sales $ — $ 7 Net realized gains on sales $ — $ 7

LOANS (Tables)

LOANS (Tables)	12 Months Ended
	Dec. 31, 2018
Receivables [Abstract]
Summary of the Loan Portfolio	The loan portfolio is summarized as follows (in thousands) : December 31, 2018 2017 Commercial, financial and agricultural $ 267,340 $ 435,207 Real estate – construction 87,506 90,287 Real estate – commercial 368,449 454,051 Real estate – residential 132,435 146,751 Consumer and other 43,506 56,398 Lease financing receivable 549 732 Total loans 899,785 1,183,426 Less allowance for loan losses (17,430 ) (26,888 ) Total loans, net $ 882,355 $ 1,156,538
Summary of Activity in Allowance for Loan Losses	The following table summarizes the allowance for loan losses for the periods indicated (in thousands) : December 31, 2018 2017 Balance, beginning of year $ 26,888 $ 24,372 Provision for loan losses 16,740 30,200 Recoveries 2,056 1,193 Charge-offs (28,254 ) (28,877 ) Balance, end of year $ 17,430 $ 26,888
Roll Forward of Activity	The following table details activity in the allowance for loan losses by loan type for the years indicated (in thousands) : December 31, 2018 Commercial, Financial & Agricultural Real Estate - Construction Real Estate - Commercial Real Estate - Residential Consumer and Other Lease Financing Receivable Total Allowance for loan losses: Beginning balance $ 20,577 $ 596 $ 3,893 $ 837 $ 982 $ 3 $ 26,888 Charge-offs (17,815 ) (78 ) (8,956 ) (667 ) (738 ) — (28,254 ) Recoveries 1,704 — 7 41 304 — 2,056 Provision 6,167 (378 ) 9,969 945 37 — 16,740 Ending balance $ 10,633 $ 140 $ 4,913 $ 1,156 $ 585 $ 3 $ 17,430 Ending balance: individually evaluated for impairment $ 470 $ 4 $ — $ — $ — $ — $ 474 Ending balance: collectively evaluated for impairment $ 10,163 $ 136 $ 4,913 $ 1,156 $ 585 $ 3 $ 16,956 Loans: Ending balance $ 267,340 $ 87,506 $ 368,449 $ 132,435 $ 43,506 $ 549 $ 899,785 Loans individually evaluated for impairment $ 3,949 $ 248 $ 3,395 $ — $ — $ — $ 7,592 Loans collectively evaluated for impairment $ 263,391 $ 87,258 $ 365,054 $ 132,435 $ 43,506 $ 549 $ 892,193 December 31, 2017 Commercial, Financial & Agricultural Real Estate - Construction Real Estate - Commercial Real Estate - Residential Consumer and Other Lease Financing Receivable Total Allowance for loan losses: Beginning balance $ 16,057 $ 585 $ 5,384 $ 940 $ 1,401 $ 5 $ 24,372 Charge-offs (20,451 ) (70 ) (6,648 ) (543 ) (1,165 ) — (28,877 ) Recoveries 652 — 162 105 274 — 1,193 Provision 24,319 81 4,995 335 472 (2 ) 30,200 Ending balance $ 20,577 $ 596 $ 3,893 $ 837 $ 982 $ 3 $ 26,888 Loans individually evaluated for impairment $ 7,197 $ 23 $ 131 $ 5 $ 14 $ — $ 7,370 Loans collectively evaluated for impairment $ 13,380 $ 573 $ 3,762 $ 832 $ 968 $ 3 $ 19,518 Loans: Ending balance $ 435,207 $ 90,287 $ 454,051 $ 146,751 $ 56,398 $ 732 $ 1,183,426 Loans individually evaluated for impairment $ 38,778 $ 66 $ 11,128 $ 618 $ 48 $ — $ 50,638 Loans collectively evaluated for impairment $ 396,429 $ 90,221 $ 442,923 $ 146,071 $ 56,350 $ 732 $ 1,132,726 Loans acquired with deteriorated credit quality $ — $ — $ — $ 62 $ — $ — $ 62
Age Analysis of Past Due Loans	The following table presents an analysis of past due loans, by loan type, at the dates indicated (in thousands) : December 31, 2018 30-59 Days Past Due 60-89 Days Past Due Greater than 90 Days Past Due Total Past Due Current Total Loans Loans > 90 days and Accruing Commercial, financial, and agricultural $ 385 $ 902 $ 2,173 $ 3,460 $ 263,880 $ 267,340 $ — Real estate - construction 47 — 117 164 87,342 87,506 — Real estate - commercial 435 — 771 1,206 367,243 368,449 — Real estate - residential 695 31 1,407 2,133 130,302 132,435 — Consumer and other 176 28 56 260 43,246 43,506 — Lease financing receivable — — — — 549 549 — $ 1,738 $ 961 $ 4,524 $ 7,223 $ 892,562 $ 899,785 $ — December 31, 2017 30-59 Days Past Due 60-89 Days Past Due Greater than 90 Days Past Due Total Past Due Current Total Loans Loans > 90 days and Accruing Commercial, financial, and agricultural $ 1,195 $ 1,893 $ 14,847 $ 17,935 $ 417,272 $ 435,207 $ 545 Real estate - construction 616 — 190 806 89,481 90,287 125 Real estate - commercial 5,889 6,402 4,163 16,454 437,597 454,051 58 Real estate - residential 1,065 235 559 1,859 144,892 146,751 — Consumer and other 276 32 34 342 56,056 56,398 — Lease financing receivable — — — — 732 732 — $ 9,041 $ 8,562 $ 19,793 $ 37,396 $ 1,146,030 $ 1,183,426 $ 728
Schedule of Non-Accrual Loans	The following table presents nonaccrual loans, by loan type, at the dates indicated (in thousands) : December 31, 2018 2017 Commercial, financial and agricultural $ 3,599 $ 37,418 Real estate - construction 278 66 Real estate - commercial 2,977 11,128 Real estate - residential 2,008 618 Consumer and other 58 48 Total nonaccrual loans¹ $ 8,920 $ 49,278 ¹ As of 12/31/2018, the Company had signed a letter of intent for a bulk sale of impaired loans which included $20.4 million of nonaccrual loans. These loans are reported as loans held-for-sale and thus not included in the above table.
Schedule of Loans that are Individually Evaluated for Impairment	The following table presents information related to the average recorded investment and interest income recognized on impaired loans, for the periods presented (in thousands): December 31, 2018 Recorded Investment (1) Unpaid Principal Balance Related Allowance (1) Average Recorded Investment Interest Income Recognized With no related allowance recorded: Commercial, financial, and agricultural $ 2,924 $ 3,011 $ — $ 13,791 $ 56 Real estate - construction 117 117 — 59 — Real estate - commercial 3,395 3,395 — 6,922 38 Real estate - residential — — — 151 — Consumer and other — — — — — Subtotal 6,436 6,523 — 20,923 94 With related allowance recorded: Commercial, financial, and agricultural 1,025 1,025 470 7,572 — Real estate - construction 131 131 4 97 — Real estate - commercial — — — 329 — Real estate - residential — — — 158 — Consumer and other — — — 24 — Subtotal 1,156 1,156 474 8,180 — Total impaired loans $ 7,592 $ 7,679 $ 474 $ 29,103 $ 94 December 31, 2017 Recorded Investment (1) Unpaid Principal Balance Related Allowance (1) Average Recorded Investment Interest Income Recognized With no related allowance recorded: Commercial, financial, and agricultural $ 24,659 $ 30,630 $ — $ 19,880 $ 90 Real estate - construction — — — 5 — Real estate - commercial 10,471 11,965 — 11,590 — Real estate - residential 302 302 — 602 — Consumer — — — 37 — Subtotal 35,432 42,897 — 32,114 90 With related allowance recorded: Commercial, financial, and agricultural 14,119 14,150 7,197 15,245 1 Real estate – construction 66 136 23 33 — Real estate - commercial 657 657 131 8,318 — Real estate - residential 316 316 5 620 — Consumer 48 50 14 258 — Subtotal 15,206 15,309 7,370 24,474 1 Total impaired loans $ 50,638 $ 58,206 $ 7,370 $ 56,588 $ 91 (1) Troubled debt restructuring totaling $1.3 million and $9.9 million are included in the recorded investment of impaired loans as of December 31, 2018 and 2017 . There is no related allowance with troubled debt restructuring as of December 31, 2018 and 2017 .
Schedule of Risk Grade by Loan Type	The following table presents the risk grades, by loan type, at the dates indicated (dollars in thousands) : Special Pass Mention Substandard Doubtful Total December 31, 2018 Commercial, Financial & Agricultural $ 240,232 $ 20,259 $ 6,849 $ — $ 267,340 Real Estate - Construction 83,240 3,910 356 — 87,506 Real Estate - Commercial 329,213 23,475 15,761 — 368,449 Real Estate - Residential 125,984 1,955 4,496 — 132,435 Consumer and other 43,416 5 85 — 43,506 Lease Financing Receivable 549 — — — 549 Total loans $ 822,634 $ 49,604 $ 27,547 $ — $ 899,785 December 31, 2017 Commercial, Financial & Agriculture $ 358,373 $ 9,687 $ 67,147 $ — $ 435,207 Real Estate - Construction 89,323 600 364 — 90,287 Real Estate - Commercial 416,925 3,823 33,303 — 454,051 Real Estate - Residential 144,250 1,233 1,268 — 146,751 Consumer and other 56,041 — 357 — 56,398 Lease Financing Receivable 699 — 33 — 732 Total loans $ 1,065,611 $ 15,343 $ 102,472 $ — $ 1,183,426
Schedule of Modified Troubled Debt Restructurings During the Period	The following tables provides information on loans that were modified as TDRs during the periods presented (in thousands) : December 31, 2018 December 31, 2017 Number of loans Pre-modification recorded investment Post-modification recorded investment (1) Number of loans Pre-modification recorded investment Post-modification recorded investment (1) Commercial, financial and agricultural — $ — $ — 6 $ 2,002 $ 2,002 Real estate – commercial 1 557 557 — — — 1 $ 557 $ 557 6 $ 2,002 $ 2,002 (1) The pre-modification and post-modification recorded investment amount represent the recorded investment on the date of the loan modification. Since the modifications on these loans were payment modifications, not principal reductions, the pre-modification and post-modification recorded investment amount is the same.

PREMISES AND EQUIPMENT (Tables)

PREMISES AND EQUIPMENT (Tables)	12 Months Ended
	Dec. 31, 2018
Property, Plant and Equipment [Abstract]
Schedule of Premises and Equipment	Premises and equipment are summarized follows (in thousands) : December 31, 2018 2017 Land $ 14,790 $ 15,030 Buildings and improvements 53,275 52,955 Furniture, fixtures, and equipment 29,736 29,572 Automobiles 532 1,596 Leasehold improvements 9,024 9,261 Construction-in-process 462 530 Premises and equipment, gross 107,819 108,944 Accumulated depreciation and amortization (52,437 ) (49,887 ) Premises and equipment, net $ 55,382 $ 59,057
Schedule of Future Minimum Lease Payments	At December 31, 2018 , future minimum lease payments due under non-cancellable operating leases are as follows (in thousands) : 2019 1,633 2020 1,646 2021 1,217 2022 417 2023 346 Thereafter 5,015 $ 10,274

GOODWILL AND OTHER INTANGIBLE_2

GOODWILL AND OTHER INTANGIBLE ASSETS (Tables)	12 Months Ended
	Dec. 31, 2018
Goodwill and Intangible Assets Disclosure [Abstract]
Summary of Core Deposit Intangible Assets	Changes to the carrying amount of the intangible asset is presented in the table below (in thousands) : Core deposit intangible December 31, 2018 December 31, 2017 Balance, beginning of year $ 11,674 $ 11,674 Accumulated amortization (9,265 ) (8,159 ) Balance, end of year $ 2,409 $ 3,515
Schedule of Estimated Amortization Expense	The amortization expense on the core deposit intangible assets for the three succeeding years is as follows (in thousands) : 2019 $ 1,106 2020 726 2021 577 $ 2,409

DEPOSITS (Tables)

DEPOSITS (Tables)	12 Months Ended
	Dec. 31, 2018
Banking and Thrift [Abstract]
Summary of Deposits	Deposits are summarized as follows (in thousands) : December 31, 2018 2017 Noninterest-bearing $ 383,167 $ 416,547 Savings and money market 488,181 446,215 NOW accounts 400,625 434,646 Time deposits less than $250 155,394 156,296 Time deposits $250 or more 24,704 25,985 Total deposits $ 1,452,071 $ 1,479,689
Schedule of Time Deposits	At December 31, 2018 the following table presents the contractual maturities of time deposits, including brokered time deposits, are summarized as follows (in thousands) : 2019 $ 107,416 2020 44,101 2021 12,239 2022 8,923 2023 7,417 Thereafter 2 $ 180,098

DEBT (Tables)

DEBT (Tables)	12 Months Ended
	Dec. 31, 2018
Debt Disclosure [Abstract]
Description of Junior Subordinated Debentures	A description of the junior subordinated debentures outstanding is as follows (in thousands) : December 31, Date Issued Maturity Date Interest Rate Callable After 2018 2017 July 31, 2001 July 9, 2031 3 month LIBOR plus 3.30% July 31, 2006 $ 5,671 $ 5,671 September 20, 2004 September 20, 2034 3 month LIBOR plus 2.50% September 20, 2009 8,248 8,248 October 12, 2006 December 15, 2036 3 month LIBOR plus 1.85% June 26, 2011 5,155 5,155 June 21, 2007 June 21, 2037 3 month LIBOR plus 1.70% June 15, 2012 3,093 3,093 $ 22,167 $ 22,167

INCOME TAXES (Tables)

INCOME TAXES (Tables)	12 Months Ended
	Dec. 31, 2018
Income Tax Disclosure [Abstract]
Components of Deferred Tax Assets and Liabilities	Significant components of our deferred tax assets and liabilities as of December 31, 2018 and 2017 are as follows (in thousands): 2018 2017 Deferred tax assets: Allowance for loan losses $ 3,660 $ 5,860 Loss on transfer of loans to held-for-sale — 1,266 Unrealized losses on securities 1,312 713 Write-down on assets held-for-sale 41 285 Core deposit intangible 283 153 Deferred compensation 310 358 Tax net operating loss carryforward 8,563 — Other 635 667 Valuation Allowance (11,056 ) — Total deferred tax assets 3,748 9,302 Deferred tax liabilities: Premises and equipment 1,315 1,589 Goodwill 1,540 1,321 FHLB stock dividends 73 57 Unrealized gains on cash flow hedges 224 226 Prepaid expenses 295 220 Purchase accounting adjustments on securities 229 392 Other 72 105 Total deferred tax liabilities 3,748 3,910 Net deferred tax asset $ — $ 5,392
Components of Income Tax Expense	Components of income tax (benefit) expense are as follows (in thousands): 2018 2017 Current $ — $ (1,719 ) Deferred benefit (5,090 ) (4,474 ) Write-down of net deferred tax asset resulting from the Tax Cuts and Jobs Act — 3,595 Change in valuation allowance $ 11,056 $ — Total income tax (benefit) expense $ 5,966 $ (2,598 )
Income Tax Reconciliation	The provision for federal income taxes differs from the amount computed by applying the U.S. Federal income tax statutory rate of 21% on pre-tax income as follows (in thousands): December 31, 2018 2017 Taxes calculated at statutory rate $ (4,526 ) $ (5,026 ) Increase (decrease) resulting from: Tax-exempt interest, net (241 ) (524 ) Deferred compensation (218 ) (315 ) Write-down of net deferred tax asset resulting from the Tax Cuts and Jobs Act — 3,595 Change in valuation allowance 11,056 — Other (105 ) (328 ) $ 5,966 $ (2,598 )

EMPLOYEE BENEFITS (Tables)

EMPLOYEE BENEFITS (Tables)	12 Months Ended
	Dec. 31, 2018
Retirement Benefits [Abstract]
Summary of ESOP Shares	ESOP shares as of December 31, 2018 and 2017 were as follows: 2018 2017 Allocated shares 519,085 597,663 Shares released for allocation 11,928 25,875 Unreleased shares 64,336 88,192 Total ESOP shares 595,349 711,730 Fair value of unreleased shares at December 31 $ 682,000 $ 1,169,000

EMPLOYEE STOCK PLANS (Tables)

EMPLOYEE STOCK PLANS (Tables)	12 Months Ended
	Dec. 31, 2018
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Summary of Stock Option Activity	The following table summarizes activity relating to stock options: Options Weighted Average Exercise Price Weighted Average Remaining Contractual Term Aggregate Intrinsic Value $(000) Outstanding at December 31, 2016 298,995 $ 13.90 Granted — — Exercised (20,499 ) 12.97 $ 58 Forfeited or expired (90,221 ) 13.62 Outstanding at December 31, 2017 188,275 $ 14.14 Granted — — Exercised (49,532 ) 12.97 $ 86 Forfeited or expired (62,917 ) 15.27 Outstanding at December 31, 2018 75,826 $ 13.97 3.83 Exercisable at December 31, 2017 176,024 13.92 Exercisable at December 31, 2018 75,826 13.97 3.83
Summary of Changes in Unvested Options	A summary of changes in unvested options for the period ended December 31, 2018 is as follows: Number of Options Weighted Average Grant Date Fair Value Unvested options outstanding, beginning of year 20,256 $ 4.97 Vested (5,255 ) 5.59 Forfeited (15,001 ) 4.76 Unvested options outstanding, end of year — $ —
Summary of Activity Relating to Non-Vested Restricted Stock	The following table summarizes activity relating to non-vested restricted stock awards and restricted stock units: Number of Shares Weighted-Average Grant Date Fair Value Restricted stock awards Non-vested at December 31, 2016 14,764 $ 13.03 Granted 48,526 13.98 Forfeited (4,500 ) 13.92 Vested (700 ) 13.92 Non-vested at December 31, 2017 58,090 $ 13.74 Granted 84,998 13.89 Forfeited (43,197 ) 13.85 Vested (2,750 ) 13.92 Non-vested at December 31, 2018 97,141 13.80 Restricted stock units Non-vested at December 31, 2017 — $ — Granted 26,075 13.94 Forfeited (3,540 ) 13.98 Vested — — Non-vested at December 31, 2018 22,535 13.93

OTHER COMPREHENSIVE LOSS (Table

OTHER COMPREHENSIVE LOSS (Tables)	12 Months Ended
	Dec. 31, 2018
Equity [Abstract]
Summary of the Tax Effects Allocated to Each Component of Other Comprehensive (Loss) Income	The following is a summary of the tax effects allocated to each component of other comprehensive loss (in thousands): December 31, 2018 2017 Before Tax Amount Tax Effect Net of Tax Amount Before Tax Amount Tax Effect Net of Tax Amount Other comprehensive loss: Securities available-for-sale: Change in unrealized loss during period $ (2,335 ) $ — $ (2,335 ) $ (503 ) $ 176 $ (327 ) Reclassification adjustment for securities transferred from held-to-maturity to available-for-sale 58 — 58 — — — Reclassification adjustment for net (gains) loss included in net income 49 — 49 (347 ) 122 (225 ) Derivative instruments designated as cash flow hedges: Change in fair value of derivative instruments designated as cash flow hedges 257 — 257 106 (37 ) 69 Reclassification adjustment for gains included in net income (267 ) — (267 ) (17 ) 6 (11 ) Total other comprehensive loss $ (2,238 ) $ — $ (2,238 ) $ (761 ) $ 267 $ (494 )
Reclassification Out of Accumulated Other Comprehensive Income	The reclassifications out of accumulated other comprehensive income/loss into net earnings are presented below (in thousands): December 31, 2018 2017 Details about Accumulated Other Comprehensive Income/Loss Components Reclassifications Out of Accumulated Other Comprehensive Income/Loss Reclassifications Out of Accumulated Other Comprehensive Income/Loss Statement of Earnings Line Item Unrealized gains and losses on securities available-for-sale $ 49 $ (347 ) Gain (loss) on securities, net — 122 Income tax expense $ 49 $ (225 ) Net of tax Interest expense on FHLB advances $ (267 ) $ (17 ) Interest expense — 6 Income tax expense $ (267 ) $ (11 ) Net of tax

NET LOSS PER COMMON SHARE (Tabl

NET LOSS PER COMMON SHARE (Tables)	12 Months Ended
	Dec. 31, 2018
Earnings Per Share [Abstract]
Summary of Information used in the Computation of Earnings per Common Share	Earnings per share have been computed based on the following weighted average number of common shares outstanding (in thousands except per share data) : December 31, 2018 2017 Net loss $ (27,516 ) $ (11,761 ) Dividends on preferred stock (3,239 ) (3,242 ) Net loss available to common shareholders $ (30,755 ) $ (15,003 ) Weighted average common shares outstanding for basic loss per share 16,617 14,107 Loss per common share: Basic $ (1.85 ) $ (1.06 ) Diluted $ (1.85 ) $ (1.06 )

FINANCIAL INSTRUMENTS WITH OF_2

FINANCIAL INSTRUMENTS WITH OFF-BALANCE SHEET RISK (Tables)	12 Months Ended
	Dec. 31, 2018
Risks and Uncertainties [Abstract]
Schedule of Financial Instruments Whose Contract Amounts Represent Credit Risk	Contract or Notional Amount 2018 2017 Financial instruments whose contract amounts represent credit risk: (in thousands) Commitments to extend credit $ 253,068 $ 291,459 Letters of credit 8,520 10,088

REGULATORY MATTERS (Tables)

REGULATORY MATTERS (Tables)	12 Months Ended
	Dec. 31, 2018
Regulatory Capital Requirements [Abstract]
Schedule of Actual Capital Amounts and Ratios	The Company’s and the Bank’s regulatory ratios at the dates indicated are presented below (in thousands) : Actual Minimum Well Capitalized December 31, 2018 Amount Ratio Amount Ratio Amount Ratio Common equity Tier 1 (CET1) Company $ 137,991 12.20 % $ 50,879 4.50 % N/A N/A Bank $ 159,673 14.14 % $ 50,800 4.50 % $ 73,378 6.50 % Total capital Company $ 215,310 19.04 % $ 90,452 8.00 % N/A N/A Bank $ 173,832 15.40 % $ 90,312 8.00 % $ 112,890 10.00 % Tier 1 capital Company $ 201,130 17.79 % $ 67,839 6.00 % N/A N/A Bank $ 159,673 14.14 % $ 67,734 6.00 % $ 90,312 8.00 % Tier 1 Leverage Company $ 201,130 11.45 % $ 70,282 4.00 % N/A N/A Bank $ 159,673 9.11 % $ 70,141 4.00 % $ 87,676 5.00 % Actual Minimum Well Capitalized December 31, 2017 Amount Ratio Amount Ratio Amount Ratio Common equity Tier 1 (CET1) Company $ 171,161 12.10 % $ 63,678 4.50 % N/A N/A Bank $ 183,825 13.00 % $ 63,646 4.50 % $ 91,933 6.50 % Total capital Company $ 251,456 17.77 % $ 113,205 8.00 % N/A N/A Bank $ 201,624 14.26 % $ 113,148 8.00 % $ 141,435 10.00 % Tier 1 capital Company $ 233,648 16.51 % $ 84,904 6.00 % N/A N/A Bank $ 183,825 13.00 % $ 84,861 6.00 % $ 113,148 8.00 % Tier 1 Leverage Company $ 233,648 12.53 % $ 74,614 4.00 % N/A N/A Bank $ 183,825 9.86 % $ 74,591 4.00 % $ 93,239 5.00 %

FAIR VALUE MEASUREMENTS AND D_2

FAIR VALUE MEASUREMENTS AND DISCLOSURES (Tables)	12 Months Ended
	Dec. 31, 2018
Fair Value Disclosures [Abstract]
Schedule of Assets and Liabilities Measured at Fair Value on a Recurring Basis	The following table presents the fair value measurement of assets and liabilities measured at fair value on a recurring basis and the level within the fair value hierarchy in which the fair value measurements fall at the dates indicated (in thousands): December 31, 2018 Fair Value Level 1 Level 2 Level 3 U.S. Agencies $ 3,072 $ — $ 3,072 $ — State, county and municipal securities 44,088 $ — 44,088 — Mortgage-backed securities 365,877 — 365,877 — Corporate debt securities 24,717 — 24,717 — Derivative assets 1,067 — 1,067 — Total recurring assets at fair value $ 438,821 $ — $ 438,821 $ — December 31, 2017 Fair Value Level 1 Level 2 Level 3 State, county and municipal securities $ 22,809 $ — $ 22,809 $ — Mortgage-backed securities 259,519 $ — 259,519 — Corporate debt securities 24,802 — 24,802 — Derivative assets 1,078 $ — 1,078 — Total recurring assets at fair value $ 308,208 $ — $ 308,208 $ —
Schedule of Assets and Liabilities Measured at Fair Value on a Nonrecurring Basis	The following table presents the fair value measurements of assets measured at fair value on a nonrecurring basis and the level within the fair value hierarchy in which the fair value measurements fall at the dates indicated (in thousands): Fair Value Level 1 Level 2 Level 3 December 31, 2018 Impaired loans $ 3,086 $ — $ — $ 3,086 Loans held-for-sale 23,876 — 23,876 — Other real estate 1,067 — — 1,067 Assets held-for-sale 1,024 — 1,024 — $ 29,053 $ — $ 24,900 $ 4,153 December 31, 2017 Impaired loans $ 10,227 $ — $ — $ 10,227 Loans held-for-sale 15,737 — 15,737 — Other real estate 2,001 — — 2,001 Assets held-for-sale 3,572 — 3,572 — $ 31,537 $ — $ 19,309 $ 12,228
Schedule of Estimated Fair Values of Financial Instruments	The estimated fair values of our financial instruments are as follows at December 31, 2018 and 2017 (in thousands) : Fair Value Measurements: December 31, 2018 Carrying Value Level 1 Level 2 Level 3 Financial assets: Cash and cash equivalents 205,371 $ 205,371 $ — $ — Securities available-for-sale 437,754 — 437,754 — Securities held-to-maturity 37,759 — 36,974 — Loans, net 882,355 — — 885,054 Derivative assets 1,067 — 1,067 — Cash surrender value of life insurance policies 15,135 — 15,135 — Financial liabilities: Non-interest-bearing deposits $ 383,167 — 383,167 — Interest-bearing deposits 1,068,904 — 888,806 177,794 Securities sold under agreements to repurchase 11,220 11,220 — — Derivative liability — — — — Federal Home Loan Bank advances 27,500 27,500 — Junior subordinated debentures 22,167 — 22,167 — Fair Value Measurements December 31, 2017 Carrying Value Level 1 Level 2 Level 3 Financial assets: Cash and cash equivalents $ 152,964 $ 152,964 $ — $ — Securities available-for-sale 309,191 2,061 307,130 — Securities held-to-maturity 81,052 — 80,920 — Loans, net 1,156,538 — — 1,160,614 Derivative assets 1,078 $ — 1,078 — Cash surrender value of life insurance policies 14,896 — 14,896 — Financial liabilities: Non-interest-bearing deposits 416,547 — 416,547 — Interest-bearing deposits 1,063,142 — 881,139 179,110 Derivative liabilities — — — — Securities sold under agreements to repurchase 67,133 67,133 — — Federal Home Loan Bank advances 50,021 — 50,021 — Junior subordinated debentures 22,167 — 22,167 —

OTHER NON-INTEREST INCOME AND_2

OTHER NON-INTEREST INCOME AND EXPENSE (Tables)	12 Months Ended
	Dec. 31, 2018
Other Income and Expenses [Abstract]
Components of Other Noninterest Expense	Components of other noninterest expense greater than 1% of interest income and noninterest income consisted of the following for the years ended December 31, 2018 and 2017 (in thousands) : 2018 2017 Legal and Professional Fees $ 8,789 $ 3,319 FDIC fees 1,599 1,572 Marketing expenses 1,105 1,197 Corporate development expense 1,107 1,016 Data processing 2,889 2,640 Amortization of intangibles 1,106 1,106

CONDENSED FINANCIAL INFORMATI_2

CONDENSED FINANCIAL INFORMATION OF PARENT COMPANY (Tables)	12 Months Ended
	Dec. 31, 2018
Condensed Financial Information Disclosure [Abstract]
Condensed Financial Information of Parent Company	Summarized financial information for MidSouth Bancorp, Inc. (parent company only) follows: Balance Sheets December 31, 2018 and 2017 (in thousands) 2018 2017 Assets Cash and interest-bearing deposits in banks $ 44,827 $ 50,174 Other assets 1,791 2,371 Investment in and advances to subsidiaries 198,608 225,634 Total assets $ 245,226 $ 278,179 Liabilities and Stockholders’ Equity Liabilities: Dividends payable $ 977 $ 975 Junior subordinated debentures 22,167 22,167 ESOP obligation — 937 Other 92 85 Total liabilities 23,236 24,164 Stockholders’ equity 221,990 254,015 Total liabilities and stockholders’ equity $ 245,226 $ 278,179 Statements of Operations For the Years Ended December 31, 2018 and 2017 (in thousands) 2018 2017 Revenue: Dividends from Bank $ 262 $ 4,000 Rental and other income 30 140 292 4,140 Expenses: Interest expense 1,025 830 Professional fees 476 235 Other expenses 873 854 2,374 1,919 Income before equity in undistributed earnings/loss of subsidiaries and income taxes (2,082 ) 2,221 Equity in undistributed (loss) of subsidiaries (24,823 ) (14,802 ) Income tax expense (benefit) 611 (820 ) Net loss $ (27,516 ) $ (11,761 ) Statements of Cash Flows For the Years Ended December 31, 2018 and 2017 (in thousands) 2018 2017 Cash flows from operating activities: Net loss $ (27,516 ) $ (11,761 ) Adjustments to reconcile net loss to net cash provided by operating activities: Undistributed loss of subsidiaries 24,823 14,802 Other, net 604 (246 ) Net cash (used in) provided by operating activities (2,089 ) 2,795 Cash flows from investing activities: Payments for investments in and advances to subsidiaries — (20,000 ) Repayment of investments in and advance to subsidiaries — 203 Net cash used in investing activities — (19,797 ) Cash flows from financing activities: Proceeds from exercise of stock options 643 266 Proceeds from issuance of common stock — 57,834 Payment of preferred dividends (3,239 ) (3,242 ) Stock offering expenses — (683 ) Payment of common dividends (662 ) (3,704 ) Net cash (used in) provided by financing activities (3,258 ) 50,471 Net change in cash and cash equivalents (5,347 ) 33,469 Cash and cash equivalents at beginning of year 50,174 16,705 Cash and cash equivalents at end of year $ 44,827 $ 50,174

SUMMARY OF SIGNIFICANT ACCOUN_4

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details) $ in Millions	12 Months Ended
	Dec. 31, 2018USD ($)Grade	Dec. 31, 2017USD ($)
Cash and Cash Equivalents [Abstract]
Reserve requirements | $	$ 9.9	$ 6.7
Loans [Abstract]
Number of days past due for loan to be placed on nonaccrual status	90 days
Period of repayment performance for nonaccrual loan to be returned to accrual status, lower range limit	6 months
Period of repayment performance for nonaccrual loan to be returned to accrual status, upper range limit	1 year
Credit Risk Rating [Abstract]
Number of risk rating grades | Grade	3
Allowance for Loan Losses [Abstract]
Period of historical loss experience in determining general reserves, minimum	3 years
Period of historical loss experience in determining general reserves, maximum	5 years
Basic and Diluted Earnings Per Common Share [Abstract]
Percentage of issued shares on which small stock dividend is declared, maximum	25.00%
Statements of Cash Flows [Abstract]
Period over which federal funds are sold	1 day
Buildings and improvements | Minimum
Property, Plant and Equipment [Line Items]
Estimated useful lives	10 years
Buildings and improvements | Maximum
Property, Plant and Equipment [Line Items]
Estimated useful lives	40 years
Furniture, fixtures, and equipment | Minimum
Property, Plant and Equipment [Line Items]
Estimated useful lives	3 years
Furniture, fixtures, and equipment | Maximum
Property, Plant and Equipment [Line Items]
Estimated useful lives	10 years
Automobiles | Minimum
Property, Plant and Equipment [Line Items]
Estimated useful lives	3 years
Automobiles | Maximum
Property, Plant and Equipment [Line Items]
Estimated useful lives	5 years
Core deposit intangibles | Straight-line basis
Finite-Lived Intangible Assets [Line Items]
Estimated useful life	15 years
Core deposit intangibles | Accelerated basis
Finite-Lived Intangible Assets [Line Items]
Estimated useful life	10 years

SUMMARY OF SIGNIFICANT ACCOUN_5

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Recent and Recently Adopted Accounting Pronouncements (Details) - USD ($) $ in Thousands	3 Months Ended	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2018	Dec. 31, 2017	Jan. 01, 2018
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Future minimum lease payments	$ 10,274	$ 10,274
Transfer of held-to-maturity securities to available-for-sale		23,945	$ 0
Reclassification adjustment on transfer of held-to-maturity securities to available-for-sale		58	0
Accumulated Other Comprehensive Loss
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Reclassification of stranded tax effects			(324)
Retained Earnings
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Reclassification of stranded tax effects			$ 324
ASU 2016-01 | Accumulated Other Comprehensive Loss
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Opening balance sheet adjustment				$ 31
ASU 2016-01 | Retained Earnings
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Opening balance sheet adjustment				$ (31)
ASU 2017-12
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Transfer of held-to-maturity securities to available-for-sale	$ 23,900	23,900
Reclassification adjustment on transfer of held-to-maturity securities to available-for-sale		$ 58

INVESTMENT SECURITIES - Portfol

INVESTMENT SECURITIES - Portfolio of Available-for-Sale Securities (Details) - USD ($) $ in Thousands	Dec. 31, 2018	Dec. 31, 2017
Debt Securities, Available-for-sale [Line Items]
Amortized Cost	$ 443,928	$ 310,484
Gross Unrealized Gains	1,795	1,961
Gross Unrealized Losses	7,969	5,315
Fair Value	437,754	307,130
U.S. Agencies
Debt Securities, Available-for-sale [Line Items]
Amortized Cost	3,016
Gross Unrealized Gains	56
Gross Unrealized Losses	0
Fair Value	3,072
State, county, and municipal securities
Debt Securities, Available-for-sale [Line Items]
Amortized Cost	44,639	23,042
Gross Unrealized Gains	214	209
Gross Unrealized Losses	765	442
Fair Value	44,088	22,809
Mortgage-backed securities
Debt Securities, Available-for-sale [Line Items]
Amortized Cost	370,706	263,467
Gross Unrealized Gains	1,092	915
Gross Unrealized Losses	5,921	4,863
Fair Value	365,877	259,519
Corporate debt securities
Debt Securities, Available-for-sale [Line Items]
Amortized Cost	25,567	23,975
Gross Unrealized Gains	433	837
Gross Unrealized Losses	1,283	10
Fair Value	$ 24,717	$ 24,802

INVESTMENT SECURITIES - Portf_2

INVESTMENT SECURITIES - Portfolio of Held-to-Maturity Securities (Details) - USD ($) $ in Thousands	Dec. 31, 2018	Dec. 31, 2017
Schedule of Held-to-maturity Securities [Line Items]
Amortized Cost	$ 37,759	$ 81,052
Gross Unrealized Gains	1	436
Gross Unrealized Losses	786	568
Fair Value	36,974	80,920
State, county, and municipal securities
Schedule of Held-to-maturity Securities [Line Items]
Amortized Cost	1,977	35,908
Gross Unrealized Gains	1	265
Gross Unrealized Losses	10	22
Fair Value	1,968	36,151
Mortgage-backed securities
Schedule of Held-to-maturity Securities [Line Items]
Amortized Cost	35,782	45,144
Gross Unrealized Gains	0	171
Gross Unrealized Losses	776	546
Fair Value	$ 35,006	$ 44,769

INVESTMENT SECURITIES - Summary

INVESTMENT SECURITIES - Summary of Amortized Cost and Fair Value - Available-for-Sale (Details) - USD ($) $ in Thousands	Dec. 31, 2018	Dec. 31, 2017
Amortized Cost
Due after one year through five years	$ 10,894
Due after five years through ten years	35,203
Due after ten years	27,125
Mortgage-backed securities	370,706
Amortized Cost	443,928	$ 310,484
Fair Value
Due after one year through five years	9,710
Due after five years through ten years	35,620
Due after ten years	26,547
Mortgage-backed securities	365,877
Fair Value	$ 437,754	$ 307,130

INVESTMENT SECURITIES - Summa_2

INVESTMENT SECURITIES - Summary of Amortized Cost and Fair Value - Held-To-Maturity (Details) - USD ($) $ in Thousands	Dec. 31, 2018	Dec. 31, 2017
Amortized Cost
Due in one year or less	$ 766
Due after one year through five years	1,211
Mortgage-backed securities	35,782
Amortized Cost	37,759	$ 81,052
Fair Value
Due in one year or less	766
Due after one year through five years	1,202
Mortgage-backed securities	35,006
Fair Value	$ 36,974	$ 80,920

INVESTMENT SECURITIES - Summa_3

INVESTMENT SECURITIES - Summary of Unrealized Losses - Available-for-Sale (Details) - USD ($) $ in Thousands	Dec. 31, 2018	Dec. 31, 2017
Debt Securities, Available-for-sale [Line Items]
Less than 12 months, fair value	$ 31,586	$ 90,976
Less than 12 months, unrealized loss	1,328	787
12 months or more, fair value	216,575	158,412
12 months or more, unrealized loss	6,641	4,528
Total, fair value	248,161	249,388
Total, unrealized loss	7,969	5,315
State, county, and municipal securities
Debt Securities, Available-for-sale [Line Items]
Less than 12 months, fair value	2,573	596
Less than 12 months, unrealized loss	11	5
12 months or more, fair value	19,539	12,716
12 months or more, unrealized loss	754	437
Total, fair value	22,112	13,312
Total, unrealized loss	765	442
Mortgage-backed securities
Debt Securities, Available-for-sale [Line Items]
Less than 12 months, fair value	25,706	87,390
Less than 12 months, unrealized loss	34	772
12 months or more, fair value	197,036	145,696
12 months or more, unrealized loss	5,887	4,091
Total, fair value	222,742	233,086
Total, unrealized loss	5,921	4,863
Corporate debt securities
Debt Securities, Available-for-sale [Line Items]
Less than 12 months, fair value	3,307	2,990
Less than 12 months, unrealized loss	1,283	10
12 months or more, fair value	0	0
12 months or more, unrealized loss	0	0
Total, fair value	3,307	2,990
Total, unrealized loss	$ 1,283	$ 10

INVESTMENT SECURITIES - Summa_4

INVESTMENT SECURITIES - Summary of Unrealized Losses - Held-to-Maturity (Details) - USD ($) $ in Thousands	Dec. 31, 2018	Dec. 31, 2017
Schedule of Held-to-maturity Securities [Line Items]
Less than 12 months, fair value	$ 0	$ 19,478
Less than 12 months, unrealized loss	0	117
12 months or more, fair value	36,709	12,090
12 months or more, unrealized loss	786	451
Total, fair value	36,709	31,568
Total, unrealized loss	786	568
State, county, and municipal securities
Schedule of Held-to-maturity Securities [Line Items]
Less than 12 months, fair value	0	6,340
Less than 12 months, unrealized loss	0	22
12 months or more, fair value	1,703	0
12 months or more, unrealized loss	10	0
Total, fair value	1,703	6,340
Total, unrealized loss	10	22
Mortgage-backed securities
Schedule of Held-to-maturity Securities [Line Items]
Less than 12 months, fair value	0	13,138
Less than 12 months, unrealized loss	0	95
12 months or more, fair value	35,006	12,090
12 months or more, unrealized loss	776	451
Total, fair value	35,006	25,228
Total, unrealized loss	$ 776	$ 546

INVESTMENT SECURITIES - Sales o

INVESTMENT SECURITIES - Sales of Securities Available-For-Sale and Held-To-Maturity Securities (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017
Available-for-sale securities
Proceeds from sales	$ 8,965	$ 16,979
Gross gains on sales	239	449
Gross losses on sales	(288)	(109)
Net realized (losses) gains on sales	(49)	340
Held-to-maturity securities
Proceeds from sales	0	887
Net realized gains on sales	$ 0	$ 7

INVESTMENT SECURITIES - Narrati

INVESTMENT SECURITIES - Narrative (Details) $ in Thousands	3 Months Ended	12 Months Ended
	Dec. 31, 2018USD ($)security	Dec. 31, 2018USD ($)security	Dec. 31, 2017USD ($)
Investments, Debt and Equity Securities [Abstract]
Number of securities in unrealized loss positions | security	107	107
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Transfer of held-to-maturity securities to available-for-sale		$ 23,945	$ 0
Securities pledged as collateral for public funding	$ 162,500	162,500	$ 177,900
ASU 2017-12
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Transfer of held-to-maturity securities to available-for-sale	23,900	$ 23,900
Transfer of held-to-maturity securities to available-for-sale, fair value	$ 24,000

LOANS - Summary of Loan Portfol

LOANS - Summary of Loan Portfolio (Details) - USD ($) $ in Thousands	Dec. 31, 2018	Dec. 31, 2017
Loan portfolio [Abstract]
Total loans	$ 899,785	$ 1,183,426
Less allowance for loan losses	(17,430)	(26,888)
Loans, net	882,355	1,156,538
Commercial, financial and agricultural
Loan portfolio [Abstract]
Total loans	267,340	435,207
Real estate – construction
Loan portfolio [Abstract]
Total loans	87,506	90,287
Real estate – commercial
Loan portfolio [Abstract]
Total loans	368,449	454,051
Real estate – residential
Loan portfolio [Abstract]
Total loans	132,435	146,751
Consumer and other
Loan portfolio [Abstract]
Total loans	43,506	56,398
Lease financing receivable
Loan portfolio [Abstract]
Total loans	$ 549	$ 732

LOANS - Activity in the Allowan

LOANS - Activity in the Allowance for Loan Losses (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017
Allowance for loan losses:
Beginning balance	$ 26,888	$ 24,372
Provision for loan losses	16,740	30,200
Recoveries	2,056	1,193
Charge-offs	(28,254)	(28,877)
Ending balance	$ 17,430	$ 26,888

LOANS - Roll Forward of Activit

LOANS - Roll Forward of Activity (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017
Allowance for loan losses:
Beginning balance	$ 26,888	$ 24,372
Charge-offs	(28,254)	(28,877)
Recoveries	2,056	1,193
Provision	16,740	30,200
Ending balance	17,430	26,888
Ending balance: individually evaluated for impairment	474	7,370
Ending balance: collectively evaluated for impairment	16,956	19,518
Loans:
Total loans	899,785	1,183,426
Loans individually evaluated for impairment	7,592	50,638
Loans collectively evaluated for impairment	892,193	1,132,726
Loans acquired with deteriorated credit quality		62
Commercial, financial and agricultural
Allowance for loan losses:
Beginning balance	20,577	16,057
Charge-offs	(17,815)	(20,451)
Recoveries	1,704	652
Provision	6,167	24,319
Ending balance	10,633	20,577
Ending balance: individually evaluated for impairment	470	7,197
Ending balance: collectively evaluated for impairment	10,163	13,380
Loans:
Total loans	267,340	435,207
Loans individually evaluated for impairment	3,949	38,778
Loans collectively evaluated for impairment	263,391	396,429
Loans acquired with deteriorated credit quality		0
Real estate – construction
Allowance for loan losses:
Beginning balance	596	585
Charge-offs	(78)	(70)
Recoveries	0	0
Provision	(378)	81
Ending balance	140	596
Ending balance: individually evaluated for impairment	4	23
Ending balance: collectively evaluated for impairment	136	573
Loans:
Total loans	87,506	90,287
Loans individually evaluated for impairment	248	66
Loans collectively evaluated for impairment	87,258	90,221
Loans acquired with deteriorated credit quality		0
Real estate – commercial
Allowance for loan losses:
Beginning balance	3,893	5,384
Charge-offs	(8,956)	(6,648)
Recoveries	7	162
Provision	9,969	4,995
Ending balance	4,913	3,893
Ending balance: individually evaluated for impairment	0	131
Ending balance: collectively evaluated for impairment	4,913	3,762
Loans:
Total loans	368,449	454,051
Loans individually evaluated for impairment	3,395	11,128
Loans collectively evaluated for impairment	365,054	442,923
Loans acquired with deteriorated credit quality		0
Real estate – residential
Allowance for loan losses:
Beginning balance	837	940
Charge-offs	(667)	(543)
Recoveries	41	105
Provision	945	335
Ending balance	1,156	837
Ending balance: individually evaluated for impairment	0	5
Ending balance: collectively evaluated for impairment	1,156	832
Loans:
Total loans	132,435	146,751
Loans individually evaluated for impairment	0	618
Loans collectively evaluated for impairment	132,435	146,071
Loans acquired with deteriorated credit quality		62
Consumer and other
Allowance for loan losses:
Beginning balance	982	1,401
Charge-offs	(738)	(1,165)
Recoveries	304	274
Provision	37	472
Ending balance	585	982
Ending balance: individually evaluated for impairment	0	14
Ending balance: collectively evaluated for impairment	585	968
Loans:
Total loans	43,506	56,398
Loans individually evaluated for impairment	0	48
Loans collectively evaluated for impairment	43,506	56,350
Loans acquired with deteriorated credit quality		0
Lease financing receivable
Allowance for loan losses:
Beginning balance	3	5
Charge-offs	0	0
Recoveries	0	0
Provision	0	(2)
Ending balance	3	3
Ending balance: individually evaluated for impairment	0	0
Ending balance: collectively evaluated for impairment	3	3
Loans:
Total loans	549	732
Loans individually evaluated for impairment	0	0
Loans collectively evaluated for impairment	$ 549	732
Loans acquired with deteriorated credit quality		$ 0

LOANS - Age Analysis of Past Du

LOANS - Age Analysis of Past Due Loans (Details) - USD ($) $ in Thousands	Dec. 31, 2018	Dec. 31, 2017
Age Analysis of Past Due Loans by Class of Loans [Abstract]
Total past due	$ 7,223	$ 37,396
Current	892,562	1,146,030
Total loans	899,785	1,183,426
Loans greater than 90 days and accruing	0	728
Commercial, financial and agricultural
Age Analysis of Past Due Loans by Class of Loans [Abstract]
Total past due	3,460	17,935
Current	263,880	417,272
Total loans	267,340	435,207
Loans greater than 90 days and accruing	0	545
Real estate – construction
Age Analysis of Past Due Loans by Class of Loans [Abstract]
Total past due	164	806
Current	87,342	89,481
Total loans	87,506	90,287
Loans greater than 90 days and accruing	0	125
Real estate – commercial
Age Analysis of Past Due Loans by Class of Loans [Abstract]
Total past due	1,206	16,454
Current	367,243	437,597
Total loans	368,449	454,051
Loans greater than 90 days and accruing	0	58
Real estate – residential
Age Analysis of Past Due Loans by Class of Loans [Abstract]
Total past due	2,133	1,859
Current	130,302	144,892
Total loans	132,435	146,751
Loans greater than 90 days and accruing	0	0
Consumer and other
Age Analysis of Past Due Loans by Class of Loans [Abstract]
Total past due	260	342
Current	43,246	56,056
Total loans	43,506	56,398
Loans greater than 90 days and accruing	0	0
Lease financing receivable
Age Analysis of Past Due Loans by Class of Loans [Abstract]
Total past due	0	0
Current	549	732
Total loans	549	732
Loans greater than 90 days and accruing	0	0
30-59 Days Past Due
Age Analysis of Past Due Loans by Class of Loans [Abstract]
Total past due	1,738	9,041
30-59 Days Past Due | Commercial, financial and agricultural
Age Analysis of Past Due Loans by Class of Loans [Abstract]
Total past due	385	1,195
30-59 Days Past Due | Real estate – construction
Age Analysis of Past Due Loans by Class of Loans [Abstract]
Total past due	47	616
30-59 Days Past Due | Real estate – commercial
Age Analysis of Past Due Loans by Class of Loans [Abstract]
Total past due	435	5,889
30-59 Days Past Due | Real estate – residential
Age Analysis of Past Due Loans by Class of Loans [Abstract]
Total past due	695	1,065
30-59 Days Past Due | Consumer and other
Age Analysis of Past Due Loans by Class of Loans [Abstract]
Total past due	176	276
30-59 Days Past Due | Lease financing receivable
Age Analysis of Past Due Loans by Class of Loans [Abstract]
Total past due	0	0
60-89 Days Past Due
Age Analysis of Past Due Loans by Class of Loans [Abstract]
Total past due	961	8,562
60-89 Days Past Due | Commercial, financial and agricultural
Age Analysis of Past Due Loans by Class of Loans [Abstract]
Total past due	902	1,893
60-89 Days Past Due | Real estate – construction
Age Analysis of Past Due Loans by Class of Loans [Abstract]
Total past due	0	0
60-89 Days Past Due | Real estate – commercial
Age Analysis of Past Due Loans by Class of Loans [Abstract]
Total past due	0	6,402
60-89 Days Past Due | Real estate – residential
Age Analysis of Past Due Loans by Class of Loans [Abstract]
Total past due	31	235
60-89 Days Past Due | Consumer and other
Age Analysis of Past Due Loans by Class of Loans [Abstract]
Total past due	28	32
60-89 Days Past Due | Lease financing receivable
Age Analysis of Past Due Loans by Class of Loans [Abstract]
Total past due	0	0
Greater than 90 Days Past Due
Age Analysis of Past Due Loans by Class of Loans [Abstract]
Total past due	4,524	19,793
Greater than 90 Days Past Due | Commercial, financial and agricultural
Age Analysis of Past Due Loans by Class of Loans [Abstract]
Total past due	2,173	14,847
Greater than 90 Days Past Due | Real estate – construction
Age Analysis of Past Due Loans by Class of Loans [Abstract]
Total past due	117	190
Greater than 90 Days Past Due | Real estate – commercial
Age Analysis of Past Due Loans by Class of Loans [Abstract]
Total past due	771	4,163
Greater than 90 Days Past Due | Real estate – residential
Age Analysis of Past Due Loans by Class of Loans [Abstract]
Total past due	1,407	559
Greater than 90 Days Past Due | Consumer and other
Age Analysis of Past Due Loans by Class of Loans [Abstract]
Total past due	56	34
Greater than 90 Days Past Due | Lease financing receivable
Age Analysis of Past Due Loans by Class of Loans [Abstract]
Total past due	$ 0	$ 0

LOANS - Schedule of Non-Accrual

LOANS - Schedule of Non-Accrual Loans (Details) - USD ($) $ in Thousands	Dec. 31, 2018	Dec. 31, 2017
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total nonaccrual loans	$ 8,920	$ 49,278
Non-accrual loans held-for-sale	20,400
Commercial, financial and agricultural
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total nonaccrual loans	3,599	37,418
Real estate – construction
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total nonaccrual loans	278	66
Real estate – commercial
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total nonaccrual loans	2,977	11,128
Real estate – residential
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total nonaccrual loans	2,008	618
Consumer and other
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total nonaccrual loans	$ 58	$ 48

LOANS - Individually Evaluated

LOANS - Individually Evaluated for Impairment (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017
With no related allowance recorded:
Recorded Investment	$ 6,436	$ 35,432
Unpaid Principal Balance	6,523	42,897
Average Recorded Investment	20,923	32,114
Interest Income Recognized	94	90
With related allowance recorded:
Recorded Investment	1,156	15,206
Unpaid Principal Balance	1,156	15,309
Related Allowance	474	7,370
Average Recorded Investment	8,180	24,474
Interest Income Recognized	0	1
Total impaired loans
Recorded Investment	7,592	50,638
Unpaid Principal Balance	7,679	58,206
Related Allowance	474	7,370
Average Recorded Investment	29,103	56,588
Interest Income Recognized	94	91
Recorded investment, troubled debt restructuring	1,300	9,900
Commercial, financial and agricultural
With no related allowance recorded:
Recorded Investment	2,924	24,659
Unpaid Principal Balance	3,011	30,630
Average Recorded Investment	13,791	19,880
Interest Income Recognized	56	90
With related allowance recorded:
Recorded Investment	1,025	14,119
Unpaid Principal Balance	1,025	14,150
Related Allowance	470	7,197
Average Recorded Investment	7,572	15,245
Interest Income Recognized	0	1
Total impaired loans
Related Allowance	470	7,197
Real estate – construction
With no related allowance recorded:
Recorded Investment	117	0
Unpaid Principal Balance	117	0
Average Recorded Investment	59	5
Interest Income Recognized	0	0
With related allowance recorded:
Recorded Investment	131	66
Unpaid Principal Balance	131	136
Related Allowance	4	23
Average Recorded Investment	97	33
Interest Income Recognized	0	0
Total impaired loans
Related Allowance	4	23
Real estate – commercial
With no related allowance recorded:
Recorded Investment	3,395	10,471
Unpaid Principal Balance	3,395	11,965
Average Recorded Investment	6,922	11,590
Interest Income Recognized	38	0
With related allowance recorded:
Recorded Investment	0	657
Unpaid Principal Balance	0	657
Related Allowance	0	131
Average Recorded Investment	329	8,318
Interest Income Recognized	0	0
Total impaired loans
Related Allowance	0	131
Real estate – residential
With no related allowance recorded:
Recorded Investment	0	302
Unpaid Principal Balance	0	302
Average Recorded Investment	151	602
Interest Income Recognized	0	0
With related allowance recorded:
Recorded Investment	0	316
Unpaid Principal Balance	0	316
Related Allowance	0	5
Average Recorded Investment	158	620
Interest Income Recognized	0	0
Total impaired loans
Related Allowance	0	5
Consumer and other
With no related allowance recorded:
Recorded Investment	0	0
Unpaid Principal Balance	0	0
Average Recorded Investment	0	37
Interest Income Recognized	0	0
With related allowance recorded:
Recorded Investment	0	48
Unpaid Principal Balance	0	50
Related Allowance	0	14
Average Recorded Investment	24	258
Interest Income Recognized	0	0
Total impaired loans
Related Allowance	$ 0	$ 14

LOANS - Risk Grade by Loan Type

LOANS - Risk Grade by Loan Type (Details) - USD ($) $ in Thousands	Dec. 31, 2018	Dec. 31, 2017
Financing Receivable, Recorded Investment [Line Items]
Loans	$ 899,785	$ 1,183,426
Commercial, financial and agricultural
Financing Receivable, Recorded Investment [Line Items]
Loans	267,340	435,207
Real estate – construction
Financing Receivable, Recorded Investment [Line Items]
Loans	87,506	90,287
Real estate – commercial
Financing Receivable, Recorded Investment [Line Items]
Loans	368,449	454,051
Real estate – residential
Financing Receivable, Recorded Investment [Line Items]
Loans	132,435	146,751
Consumer and other
Financing Receivable, Recorded Investment [Line Items]
Loans	43,506	56,398
Lease financing receivable
Financing Receivable, Recorded Investment [Line Items]
Loans	549	732
Pass
Financing Receivable, Recorded Investment [Line Items]
Loans	822,634	1,065,611
Pass | Commercial, financial and agricultural
Financing Receivable, Recorded Investment [Line Items]
Loans	240,232	358,373
Pass | Real estate – construction
Financing Receivable, Recorded Investment [Line Items]
Loans	83,240	89,323
Pass | Real estate – commercial
Financing Receivable, Recorded Investment [Line Items]
Loans	329,213	416,925
Pass | Real estate – residential
Financing Receivable, Recorded Investment [Line Items]
Loans	125,984	144,250
Pass | Consumer and other
Financing Receivable, Recorded Investment [Line Items]
Loans	43,416	56,041
Pass | Lease financing receivable
Financing Receivable, Recorded Investment [Line Items]
Loans	549	699
Special mention
Financing Receivable, Recorded Investment [Line Items]
Loans	49,604	15,343
Special mention | Commercial, financial and agricultural
Financing Receivable, Recorded Investment [Line Items]
Loans	20,259	9,687
Special mention | Real estate – construction
Financing Receivable, Recorded Investment [Line Items]
Loans	3,910	600
Special mention | Real estate – commercial
Financing Receivable, Recorded Investment [Line Items]
Loans	23,475	3,823
Special mention | Real estate – residential
Financing Receivable, Recorded Investment [Line Items]
Loans	1,955	1,233
Special mention | Consumer and other
Financing Receivable, Recorded Investment [Line Items]
Loans	5	0
Special mention | Lease financing receivable
Financing Receivable, Recorded Investment [Line Items]
Loans	0	0
Substandard
Financing Receivable, Recorded Investment [Line Items]
Loans	27,547	102,472
Substandard | Commercial, financial and agricultural
Financing Receivable, Recorded Investment [Line Items]
Loans	6,849	67,147
Substandard | Real estate – construction
Financing Receivable, Recorded Investment [Line Items]
Loans	356	364
Substandard | Real estate – commercial
Financing Receivable, Recorded Investment [Line Items]
Loans	15,761	33,303
Substandard | Real estate – residential
Financing Receivable, Recorded Investment [Line Items]
Loans	4,496	1,268
Substandard | Consumer and other
Financing Receivable, Recorded Investment [Line Items]
Loans	85	357
Substandard | Lease financing receivable
Financing Receivable, Recorded Investment [Line Items]
Loans	0	33
Doubtful
Financing Receivable, Recorded Investment [Line Items]
Loans	0	0
Doubtful | Commercial, financial and agricultural
Financing Receivable, Recorded Investment [Line Items]
Loans	0	0
Doubtful | Real estate – construction
Financing Receivable, Recorded Investment [Line Items]
Loans	0	0
Doubtful | Real estate – commercial
Financing Receivable, Recorded Investment [Line Items]
Loans	0	0
Doubtful | Real estate – residential
Financing Receivable, Recorded Investment [Line Items]
Loans	0	0
Doubtful | Consumer and other
Financing Receivable, Recorded Investment [Line Items]
Loans	0	0
Doubtful | Lease financing receivable
Financing Receivable, Recorded Investment [Line Items]
Loans	$ 0	$ 0

LOANS - Schedule of Modified Tr

LOANS - Schedule of Modified Troubled Debt Restructurings During the Period (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2018USD ($)loan	Dec. 31, 2017USD ($)loan
Schedule of Modified Troubled Debt Restructurings During the Period [Line Items]
Number of loans | loan	1	6
Pre-modification recorded investment	$ 557	$ 2,002
Post-modification recorded investment	$ 557	$ 2,002
Commercial, financial and agricultural
Schedule of Modified Troubled Debt Restructurings During the Period [Line Items]
Number of loans | loan	0	6
Pre-modification recorded investment	$ 0	$ 2,002
Post-modification recorded investment	$ 0	$ 2,002
Real estate – commercial
Schedule of Modified Troubled Debt Restructurings During the Period [Line Items]
Number of loans | loan	1	0
Pre-modification recorded investment	$ 557	$ 0
Post-modification recorded investment	$ 557	$ 0

LOANS - Narrative (Details)

LOANS - Narrative (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2018USD ($)industry_concentration	Dec. 31, 2017USD ($)
Financing Receivable, Recorded Investment, Past Due [Line Items]
Number of industry segment concentration above threshold limit | industry_concentration	1
Concentration risk of the loan portfolio (more than)	10.00%
Loans exposure in oil and gas industry	$ 112,600
Exposure in the oil and gas industry specified as percentage of total loans	12.50%
Loans on nonaccrual status	$ 8,920	$ 49,278
Interest that would have been recorded on impaired loans	5,100	3,400
TDRs with payment default that were modified within the previous 12 months	0	18
Related party loans	213	$ 1,800
Oil and gas industry
Financing Receivable, Recorded Investment, Past Due [Line Items]
Loans on nonaccrual status	$ 4,300
Percentage of loans on nonaccrual status	3.80%

PREMISES AND EQUIPMENT - Premis

PREMISES AND EQUIPMENT - Premises and Equipment (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017
Property, Plant and Equipment [Line Items]
Premises and equipment, gross	$ 107,819	$ 108,944
Less accumulated depreciation and amortization	(52,437)	(49,887)
Premises and equipment, net	55,382	59,057
Depreciation expense	4,600	5,700
Land
Property, Plant and Equipment [Line Items]
Premises and equipment, gross	14,790	15,030
Buildings and improvements
Property, Plant and Equipment [Line Items]
Premises and equipment, gross	53,275	52,955
Furniture, fixtures, and equipment
Property, Plant and Equipment [Line Items]
Premises and equipment, gross	29,736	29,572
Automobiles
Property, Plant and Equipment [Line Items]
Premises and equipment, gross	532	1,596
Leasehold improvements
Property, Plant and Equipment [Line Items]
Premises and equipment, gross	9,024	9,261
Construction-in-process
Property, Plant and Equipment [Line Items]
Premises and equipment, gross	$ 462	$ 530

PREMISES AND EQUIPMENT - Operat

PREMISES AND EQUIPMENT - Operating Leases (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017
Future minimum lease payments
2019	$ 1,633
2020	1,646
2021	1,217
2022	417
2023	346
Thereafter	5,015
Future minimum lease payments	10,274
Rent expense under operating leases	$ 2,200	$ 2,500

GOODWILL AND OTHER INTANGIBLE_3

GOODWILL AND OTHER INTANGIBLE ASSETS - Core Deposits (Details) - Core deposit intangibles - USD ($) $ in Thousands	Dec. 31, 2018	Dec. 31, 2017
Finite-Lived Intangible Assets [Line Items]
Balance, beginning of year	$ 11,674	$ 11,674
Accumulated amortization	(9,265)	(8,159)
Balance, end of year	$ 2,409	$ 3,515

GOODWILL AND OTHER INTANGIBLE_4

GOODWILL AND OTHER INTANGIBLE ASSETS - Amortization Expense (Details) - Core deposit intangibles - USD ($) $ in Thousands	Dec. 31, 2018	Dec. 31, 2017
Finite-Lived Intangible Assets [Line Items]
2019	$ 1,106
2020	726
2021	577
Balance, end of year	$ 2,409	$ 3,515

GOODWILL AND OTHER INTANGIBLE_5

GOODWILL AND OTHER INTANGIBLE ASSETS - Narrative (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill and other intangibles assets	$ 44,580	$ 45,686
Goodwill	42,200	42,200
Finite-Lived Intangible Assets [Line Items]
Amortization expense	1,106	1,106
Core deposit intangibles
Finite-Lived Intangible Assets [Line Items]
Amortization expense	$ 1,100	$ 1,100

DEPOSITS - Summary (Details)

DEPOSITS - Summary (Details) - USD ($) $ in Thousands	Dec. 31, 2018	Dec. 31, 2017
Banking and Thrift [Abstract]
Noninterest-bearing	$ 383,167	$ 416,547
Savings and money market	488,181	446,215
NOW accounts	400,625	434,646
Time deposits less than $250	155,394	156,296
Time deposits $250 or more	24,704	25,985
Total deposits	$ 1,452,071	$ 1,479,689

DEPOSITS - Narrative (Details)

DEPOSITS - Narrative (Details) - USD ($) $ in Thousands	Dec. 31, 2018	Dec. 31, 2017
Banking and Thrift [Abstract]
Overdrawn deposit account reclassified as loans	$ 787,000	$ 799,000
Outstanding brokered deposits	59,900	45,800
Deposits from related parties	$ 3,900	$ 11,900

DEPOSITS - Time Deposits (Detai

DEPOSITS - Time Deposits (Details) $ in Thousands	Dec. 31, 2018USD ($)
Banking and Thrift [Abstract]
2019	$ 107,416
2020	44,101
2021	12,239
2022	8,923
2023	7,417
Thereafter	2
Total time deposits	$ 180,098

SECURITIES SOLD UNDER AGREEME_2

SECURITIES SOLD UNDER AGREEMENTS TO REPURCHASE (Details) - USD ($) $ in Thousands	Dec. 31, 2018	Dec. 31, 2017
Disclosure of Repurchase Agreements [Abstract]
Securities sold under agreements to repurchase	$ 11,220	$ 67,133
Average interest rate of outstanding agreements	0.47%	0.47%
Securities pledged as collateral	$ 18,200	$ 67,900

DEBT - Junior Subordinated Debe

DEBT - Junior Subordinated Debentures (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017
Debt Instrument [Line Items]
Junior subordinated debentures	$ 22,167	$ 22,167
Trust Preferred Securities | Date Issued: July 31, 2001
Debt Instrument [Line Items]
Junior subordinated debentures	$ 5,671	5,671
Trust Preferred Securities | Date Issued: July 31, 2001 | LIBOR
Debt Instrument [Line Items]
Spread on variable interest rate	3.30%
Trust Preferred Securities | Date Issued: September 20, 2004
Debt Instrument [Line Items]
Junior subordinated debentures	$ 8,248	8,248
Trust Preferred Securities | Date Issued: September 20, 2004 | LIBOR
Debt Instrument [Line Items]
Spread on variable interest rate	2.50%
Trust Preferred Securities | Date Issued: October 12, 2006
Debt Instrument [Line Items]
Junior subordinated debentures	$ 5,155	5,155
Trust Preferred Securities | Date Issued: October 12, 2006 | LIBOR
Debt Instrument [Line Items]
Spread on variable interest rate	1.85%
Trust Preferred Securities | Date Issued: June 21, 2007
Debt Instrument [Line Items]
Junior subordinated debentures	$ 3,093	$ 3,093
Trust Preferred Securities | Date Issued: June 21, 2007 | LIBOR
Debt Instrument [Line Items]
Spread on variable interest rate	1.70%

DEBT - Narrative (Details)

DEBT - Narrative (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2018USD ($)loan	Dec. 31, 2017USD ($)loan
Federal Home Loan Bank, Advances [Line Items]
FHLB advances | $	$ 27,500	$ 50,021
Number of short-term FHLB advances	2	2
Short-term FHLB advances, maturity period	1 month	1 month
FHLB advances, fixed rate	2.66%	1.59%
FHLB advance maturity January 2019
Federal Home Loan Bank, Advances [Line Items]
FHLB advances, fixed rate		1.985%
Number of long-term FHLB advances		1

INCOME TAXES - Components of De

INCOME TAXES - Components of Deferred Tax Assets and Liabilities (Details) - USD ($) $ in Thousands	Dec. 31, 2018	Dec. 31, 2017
Deferred tax assets:
Allowance for loan losses	$ 3,660	$ 5,860
Loss on transfer of loans to held-for-sale	0	1,266
Unrealized losses on securities	1,312	713
Write-down on assets held-for-sale	41	285
Core deposit intangible	283	153
Deferred compensation	310	358
Tax net operating loss carryforward	8,563	0
Other	635	667
Valuation Allowance	(11,056)	0
Total deferred tax assets	3,748	9,302
Deferred tax liabilities:
Premises and equipment	1,315	1,589
Goodwill	1,540	1,321
FHLB stock dividends	73	57
Unrealized gains on cash flow hedges	224	226
Prepaid expenses	295	220
Purchase accounting adjustments on securities	229	392
Other	72	105
Total deferred tax liabilities	3,748	3,910
Net deferred tax asset	$ 0	$ 5,392

INCOME TAXES - Narrative (Detai

INCOME TAXES - Narrative (Details) - USD ($) $ in Thousands	3 Months Ended	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2017	Dec. 31, 2018
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Increase to income tax expense	$ 3,600
Valuation allowance for deferred tax assets	$ 0	$ 0	$ 11,056
Accumulated Other Comprehensive Loss
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Reclassification of stranded tax effects		(324)
Retained Earnings
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Reclassification of stranded tax effects		$ 324

INCOME TAXES - Income Tax Expen

INCOME TAXES - Income Tax Expense (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017
Income Tax Disclosure [Abstract]
Current	$ 0	$ (1,719)
Deferred benefit	(5,090)	(4,474)
Write-down of net deferred tax asset resulting from the Tax Cuts and Jobs Act	0	3,595
Change in valuation allowance	11,056	0
Total income tax (benefit) expense	$ 5,966	$ (2,598)

INCOME TAXES - Reconciliation o

INCOME TAXES - Reconciliation of Income Tax Expense (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017
Income Tax Disclosure [Abstract]
Taxes calculated at statutory rate	$ (4,526)	$ (5,026)
Increase (decrease) resulting from:
Tax-exempt interest, net	(241)	(524)
Deferred compensation	(218)	(315)
Write-down of net deferred tax asset resulting from the Tax Cuts and Jobs Act	0	3,595
Change in valuation allowance	11,056	0
Other	(105)	(328)
Total income tax (benefit) expense	$ 5,966	$ (2,598)

EMPLOYEE BENEFITS - Narrative (

EMPLOYEE BENEFITS - Narrative (Details) - USD ($)	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Retirement Benefits [Abstract]
ESOP loan			$ 499,000	$ 997,000	$ 283,000
Number of shares purchased (in shares)			62,014	76,526	16,000
Purchase price per share (in dollars per share)			$ 8.05	$ 13.02	$ 17.71
Total balance of ESOP loan	$ 810,000	$ 937,000
Unearned compensation	0
ESOP compensation expense	242,000	472,000
Deferred compensation distribution	67,000	13,000
Deferred compensation liability	1,400,000	1,400,000
Deferred compensation expense	82,000	74,000
Defined contribution plan expense	$ 1,000	31,000
Defined contribution plan participation service period	90 days
Employer contribution to 401(k) retirement plan	$ 245,000	$ 271,000

EMPLOYEE BENEFITS - Summary of

EMPLOYEE BENEFITS - Summary of ESOP Shares (Details) - USD ($) $ in Thousands	Dec. 31, 2018	Dec. 31, 2017
Retirement Benefits [Abstract]
Allocated shares (in shares)	519,085	597,663
Shares released for allocation (in shares)	11,928	25,875
Unreleased shares (in shares)	64,336	88,192
Total ESOP shares (in shares)	595,349	711,730
Fair value of unreleased shares at December 31	$ 682	$ 1,169

EMPLOYEE STOCK PLANS - Summary

EMPLOYEE STOCK PLANS - Summary of Activity (Details) - Stock options - USD ($) $ / shares in Units, $ in Thousands	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017
Options
Outstanding, beginning of period (in shares)	188,275	298,995
Granted (in shares)	0	0
Exercised (in shares)	(49,532)	(20,499)
Forfeited or expired (in shares)	(62,917)	(90,221)
Outstanding, end of period (in shares)	75,826	188,275
Exercisable (in shares)	75,826	176,024
Weighted Average Exercise Price
Outstanding, beginning of period (in dollars per share)	$ 14.14	$ 13.90
Granted (in dollars per share)	0	0
Exercised (in dollars per share)	12.97	12.97
Forfeited or expired (in dollars per share)	15.27	13.62
Outstanding, end of period (in dollars per share)	13.97	14.14
Exercisable (in dollars per share)	$ 13.97	$ 13.92
Weighted Average Remaining Contractual Term
Outstanding	3 years 10 months
Exercisable	3 years 10 months
Aggregate Intrinsic Value
Exercised	$ 86	$ 58
Outstanding
Exercisable

EMPLOYEE STOCK PLANS - Unvested

EMPLOYEE STOCK PLANS - Unvested Options (Details) - Stock options	12 Months Ended
	Dec. 31, 2018$ / sharesshares
Number of Options
Unvested options outstanding, beginning of year (in shares) | shares	20,256
Vested (in shares) | shares	(5,255)
Forfeited (in shares) | shares	(15,001)
Unvested options outstanding, end of year (in shares) | shares	0
Weighted Average Grant Date Fair Value
Unvested options outstanding, beginning of year (in dollars per share) | $ / shares	$ 4.97
Vested (in dollars per share) | $ / shares	5.59
Forfeited (in dollars per share) | $ / shares	4.76
Unvested options outstanding, end of year (in dollars per share) | $ / shares	$ 0

EMPLOYEE STOCK PLANS - Restrict

EMPLOYEE STOCK PLANS - Restricted Stock Awards (Details) - Omnibus Incentive Compensation Plan 2007 - $ / shares	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017
Restricted stock awards
Number of Shares
Unvested restricted stock outstanding, beginning of year (in shares)	58,090	14,764
Granted (in shares)	84,998	48,526
Forfeited (in shares)	(43,197)	(4,500)
Vested (in shares)	(2,750)	(700)
Unvested restricted stock outstanding, end of year (in shares)	97,141	58,090
Weighted-Average Grant Date Fair Value
Unvested restricted stock outstanding, beginning of year (in dollars per share)	$ 13.74	$ 13.03
Granted (in dollars per share)	13.89	13.98
Forfeited (in dollars per share)	13.85	13.92
Vested (in dollars per share)	13.92	13.92
Unvested restricted stock outstanding, end of year (in dollars per share)	$ 13.80	$ 13.74
Restricted stock units
Number of Shares
Unvested restricted stock outstanding, beginning of year (in shares)	0
Granted (in shares)	26,075
Forfeited (in shares)	(3,540)
Vested (in shares)	0
Unvested restricted stock outstanding, end of year (in shares)	22,535	0
Weighted-Average Grant Date Fair Value
Unvested restricted stock outstanding, beginning of year (in dollars per share)	$ 0
Granted (in dollars per share)	13.94
Forfeited (in dollars per share)	13.98
Vested (in dollars per share)	0
Unvested restricted stock outstanding, end of year (in dollars per share)	$ 13.93	$ 0

EMPLOYEE STOCK PLANS - Narrativ

EMPLOYEE STOCK PLANS - Narrative (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock-based compensation expense (reversal of expense)	$ 19	$ 163
Stock options
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Options outstanding (in shares)	75,826	188,275	298,995
Options term	10 years
Stock-based compensation expense (reversal of expense)	$ (166)	$ 58,000
Stock options | Vesting year 1
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting percentage	20.00%
Stock options | Vesting year 2
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting percentage	20.00%
Stock options | Vesting year 3
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting percentage	20.00%
Stock options | Vesting year 4
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting percentage	20.00%
Stock options | Vesting year 5
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting percentage	20.00%
Omnibus Incentive Compensation Plan 2007
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares reserved for issuance (in shares)	560,000
Shares available for grant (in shares)	522,156
Omnibus Incentive Compensation Plan 2007 | Stock options
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Options outstanding (in shares)	75,826
Omnibus Incentive Compensation Plan 2007 | Restricted stock and restricted stock units
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock-based compensation expense (reversal of expense)	$ 185,000	$ 105,000
Unrecognized compensation cost, non-vested awards	$ 809,000
Unrecognized compensation cost, non-vested awards, weighted-average period of recognition	4 years 2 months
Omnibus Incentive Compensation Plan 2007 | Restricted stock and restricted stock units | Minimum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period	1 year
Omnibus Incentive Compensation Plan 2007 | Restricted stock and restricted stock units | Maximum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period	5 years

DERIVATIVES - Narrative (Detail

DERIVATIVES - Narrative (Details) - USD ($)	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017	Jul. 06, 2016
Interest rate swaps | Interest expense
Derivative [Line Items]
Amounts recorded to interest expense	$ 403,000	$ 77,000
Interest rate swaps | Cash flow hedging | Designated as hedging instrument
Derivative [Line Items]
Fair value of swaps	$ 1,100,000	$ 1,100,000
Interest rate swap, repurchase agreements | Cash flow hedging | Designated as hedging instrument
Derivative [Line Items]
Notional amount			$ 12,500,000
Fixed pay rate	0.993%
Interest rate swap, FHLB advances | Cash flow hedging | Designated as hedging instrument
Derivative [Line Items]
Notional amount			$ 15,000,000
Fixed pay rate	1.043%

OTHER COMPREHENSIVE LOSS - Summ

OTHER COMPREHENSIVE LOSS - Summary of the Tax Effects (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017
Accumulated Other Comprehensive Income (Loss) [Line Items]
Total other comprehensive loss, before tax	$ (2,238)	$ (761)
Total other comprehensive loss, tax effect	0	267
Total other comprehensive loss, net of tax	(2,238)	(494)
Securities available-for-sale
Accumulated Other Comprehensive Income (Loss) [Line Items]
Other comprehensive income (loss), before reclassifications and tax	(2,335)	(503)
Other comprehensive income (loss), before reclassifications, tax effect	0	176
Other comprehensive income (loss), before reclassifications, net of tax	(2,335)	(327)
Securities available-for-sale, reclassification adjustment for securities transferred from held-to-maturity to available-for-sale
Accumulated Other Comprehensive Income (Loss) [Line Items]
Reclassification adjustment, before tax	58	0
Reclassification adjustment, tax effect	0	0
Reclassification adjustment, net of tax	58	0
Securities available-for-sale, reclassification adjustment for net (gains) losses included in net income
Accumulated Other Comprehensive Income (Loss) [Line Items]
Reclassification adjustment, before tax	49	(347)
Reclassification adjustment, tax effect	0	122
Reclassification adjustment, net of tax	49	(225)
Derivative instruments designated as cash flow hedges
Accumulated Other Comprehensive Income (Loss) [Line Items]
Other comprehensive income (loss), before reclassifications and tax	257	106
Other comprehensive income (loss), before reclassifications, tax effect	0	(37)
Other comprehensive income (loss), before reclassifications, net of tax	257	69
Reclassification adjustment, before tax	(267)	(17)
Reclassification adjustment, tax effect	0	6
Reclassification adjustment, net of tax	(267)	(11)
Total other comprehensive loss
Accumulated Other Comprehensive Income (Loss) [Line Items]
Total other comprehensive loss, before tax	(2,238)	(761)
Total other comprehensive loss, tax effect	0	267
Total other comprehensive loss, net of tax	$ (2,238)	$ (494)

OTHER COMPREHENSIVE LOSS - Recl

OTHER COMPREHENSIVE LOSS - Reclassifications (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Gain on sale of securities	$ (49)	$ 347
Interest Expense	7,508	6,026
Income tax expense (benefit)	(5,966)	2,598
Net loss	(27,516)	(11,761)
Securities available-for-sale | Interest Rate Contract | Reclassifications Out of Accumulated Other Comprehensive Income/Loss
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Gain on sale of securities	49	(347)
Income tax expense (benefit)	0	122
Net loss	49	(225)
Derivative instruments designated as cash flow hedges | Interest Rate Contract | Reclassifications Out of Accumulated Other Comprehensive Income/Loss
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Interest Expense	(267)	(17)
Income tax expense (benefit)	0	6
Net loss	$ (267)	$ (11)

NET LOSS PER COMMON SHARE (Deta

NET LOSS PER COMMON SHARE (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017
Earnings Per Share [Abstract]
Net loss	$ (27,516)	$ (11,761)
Dividends on preferred stock	(3,239)	(3,242)
Net loss available to common stockholders	$ (30,755)	$ (15,003)
Weighted average common shares outstanding for basic loss per share (in shares)	16,617	14,107
Loss per common share:
Basic (in dollars per share)	$ (1.85)	$ (1.06)
Diluted (in dollars per share)	$ (1.85)	$ (1.06)

FINANCIAL INSTRUMENTS WITH OF_3

FINANCIAL INSTRUMENTS WITH OFF-BALANCE SHEET RISK (Details) - USD ($) $ in Thousands	Dec. 31, 2018	Dec. 31, 2017
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Investments in limited partnerships	$ 5,300
Commitment to fund additional amount to limited partnerships	7,100
FHLB advances
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Amount available under line of credit	275,100
Line of credit
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Amount of federal funds lines of credit available through correspondent banks	30,000
Commitments to extend credit
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Contract or notional amount	253,068	$ 291,459
Letters of credit
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Contract or notional amount	$ 8,520	$ 10,088

REGULATORY MATTERS (Details)

REGULATORY MATTERS (Details) - USD ($) $ in Thousands	Dec. 31, 2018	Dec. 31, 2017
Actual
Common equity Tier I capital to risk-weighted assets, Amount	$ 137,991	$ 171,161
Total capital to risk-weighted assets, Amount	215,310	251,456
Tier I capital to risk-weighted assets, Amount	201,130	233,648
Tier I capital to average assets, Amount	$ 201,130	$ 233,648
Common equity Tier I capital to risk-weighted assets, Amount	12.20%	12.10%
Total capital to risk-weighted assets, Ratio	19.04%	17.77%
Tier I capital to risk-weighted assets, Ratio	17.79%	16.51%
Tier I capital to average assets, Ratio	11.45%	12.53%
Minimum
Common equity Tier I capital to risk-weighted assets, Amount	$ 50,879	$ 63,678
Total capital to risk-weighted assets, Amount	90,452	113,205
Tier I capital to risk-weighted assets, Amount	67,839	84,904
Tier I capital to average assets, Amount	$ 70,282	$ 74,614
Common equity Tier I capital to risk-weighted assets, Ratio	4.50%	4.50%
Total capital to risk-weighted assets, Ratio	8.00%	8.00%
Tier I capital to risk-weighted assets, Ratio	6.00%	6.00%
Tier I capital to average assets, Ratio	4.00%	4.00%
Bank
Actual
Common equity Tier I capital to risk-weighted assets, Amount	$ 159,673	$ 183,825
Total capital to risk-weighted assets, Amount	173,832	201,624
Tier I capital to risk-weighted assets, Amount	159,673	183,825
Tier I capital to average assets, Amount	$ 159,673	$ 183,825
Common equity Tier I capital to risk-weighted assets, Amount	14.14%	13.00%
Total capital to risk-weighted assets, Ratio	15.40%	14.26%
Tier I capital to risk-weighted assets, Ratio	14.14%	13.00%
Tier I capital to average assets, Ratio	9.11%	9.86%
Minimum
Common equity Tier I capital to risk-weighted assets, Amount	$ 50,800	$ 63,646
Total capital to risk-weighted assets, Amount	90,312	113,148
Tier I capital to risk-weighted assets, Amount	67,734	84,861
Tier I capital to average assets, Amount	$ 70,141	$ 74,591
Common equity Tier I capital to risk-weighted assets, Ratio	4.50%	4.50%
Total capital to risk-weighted assets, Ratio	8.00%	8.00%
Tier I capital to risk-weighted assets, Ratio	6.00%	6.00%
Tier I capital to average assets, Ratio	4.00%	4.00%
Well Capitalized
Common equity Tier I capital to risk-weighted assets, Amount	$ 73,378	$ 91,933
Total capital to risk-weighted assets, Amount	112,890	141,435
Tier I capital to risk-weighted assets, Amount	90,312	113,148
Tier I capital to average assets, Amount	$ 87,676	$ 93,239
Common equity Tier I capital to risk-weighted assets, Ratio	6.50%	6.50%
Total capital to risk-weighted assets, Ratio	10.00%	10.00%
Tier I capital to risk-weighted assets, Ratio	8.00%	8.00%
Tier I capital to average assets, Ratio	5.00%	5.00%

FAIR VALUE MEASUREMENTS AND D_3

FAIR VALUE MEASUREMENTS AND DISCLOSURES - Measured on a Recurring and Nonrecurring Basis (Details) - USD ($) $ in Thousands	Dec. 31, 2018	Dec. 31, 2017
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available-for-sale, at fair value (cost $443,928 and $310,484)	$ 437,754	$ 307,130
U.S. Agencies
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available-for-sale, at fair value (cost $443,928 and $310,484)	3,072
State, county, and municipal securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available-for-sale, at fair value (cost $443,928 and $310,484)	44,088	22,809
Mortgage-backed securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available-for-sale, at fair value (cost $443,928 and $310,484)	365,877	259,519
Corporate debt securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available-for-sale, at fair value (cost $443,928 and $310,484)	24,717	24,802
Recurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative asset	1,067	1,078
Assets at fair value	438,821	308,208
Recurring | U.S. Agencies
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available-for-sale, at fair value (cost $443,928 and $310,484)	3,072
Recurring | State, county, and municipal securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available-for-sale, at fair value (cost $443,928 and $310,484)	44,088	22,809
Recurring | Mortgage-backed securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available-for-sale, at fair value (cost $443,928 and $310,484)	365,877	259,519
Recurring | Corporate debt securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available-for-sale, at fair value (cost $443,928 and $310,484)	24,717	24,802
Nonrecurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Impaired loans	3,086	10,227
Loans held-for-sale	23,876	15,737
Other real estate	1,067	2,001
Assets held-for-sale	1,024	3,572
Assets at fair value	29,053	31,537
Level 1 | Recurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative asset	0	0
Assets at fair value	0	0
Level 1 | Recurring | U.S. Agencies
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available-for-sale, at fair value (cost $443,928 and $310,484)	0
Level 1 | Recurring | State, county, and municipal securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available-for-sale, at fair value (cost $443,928 and $310,484)	0	0
Level 1 | Recurring | Mortgage-backed securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available-for-sale, at fair value (cost $443,928 and $310,484)	0	0
Level 1 | Recurring | Corporate debt securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available-for-sale, at fair value (cost $443,928 and $310,484)	0	0
Level 1 | Nonrecurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Impaired loans	0	0
Loans held-for-sale	0	0
Other real estate	0	0
Assets held-for-sale	0	0
Assets at fair value	0	0
Level 2 | Recurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative asset	1,067	1,078
Assets at fair value	438,821	308,208
Level 2 | Recurring | U.S. Agencies
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available-for-sale, at fair value (cost $443,928 and $310,484)	3,072
Level 2 | Recurring | State, county, and municipal securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available-for-sale, at fair value (cost $443,928 and $310,484)	44,088	22,809
Level 2 | Recurring | Mortgage-backed securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available-for-sale, at fair value (cost $443,928 and $310,484)	365,877	259,519
Level 2 | Recurring | Corporate debt securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available-for-sale, at fair value (cost $443,928 and $310,484)	24,717	24,802
Level 2 | Nonrecurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Impaired loans	0	0
Loans held-for-sale	23,876	15,737
Other real estate	0	0
Assets held-for-sale	1,024	3,572
Assets at fair value	24,900	19,309
Level 3 | Recurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative asset	0	0
Assets at fair value	0	0
Level 3 | Recurring | U.S. Agencies
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available-for-sale, at fair value (cost $443,928 and $310,484)	0
Level 3 | Recurring | State, county, and municipal securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available-for-sale, at fair value (cost $443,928 and $310,484)	0	0
Level 3 | Recurring | Mortgage-backed securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available-for-sale, at fair value (cost $443,928 and $310,484)	0	0
Level 3 | Recurring | Corporate debt securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available-for-sale, at fair value (cost $443,928 and $310,484)	0	0
Level 3 | Nonrecurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Impaired loans	3,086	10,227
Loans held-for-sale	0	0
Other real estate	1,067	2,001
Assets held-for-sale	0	0
Assets at fair value	$ 4,153	$ 12,228

FAIR VALUE MEASUREMENTS AND D_4

FAIR VALUE MEASUREMENTS AND DISCLOSURES - Schedule of Significant Observable Inputs Used in Fair Value Measurements (Details) - Nonrecurring - USD ($) $ in Thousands	Dec. 31, 2018	Dec. 31, 2017
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Impaired loans	$ 3,086	$ 10,227
Other real estate	1,067	2,001
Level 3
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Impaired loans	3,086	10,227
Other real estate	1,067	2,001
Third party appraisals | Level 3
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Impaired loans	3,086	10,227
Other real estate	$ 1,067	$ 2,001

FAIR VALUE MEASUREMENTS AND D_5

FAIR VALUE MEASUREMENTS AND DISCLOSURES - By Balance Sheet Grouping (Details) - USD ($) $ in Thousands	Dec. 31, 2018	Dec. 31, 2017
Financial assets:
Securities available-for-sale	$ 437,754	$ 307,130
Securities held-to-maturity	36,974	80,920
Carrying Value
Financial assets:
Cash and cash equivalents	205,371	152,964
Securities available-for-sale	437,754	309,191
Securities held-to-maturity	37,759	81,052
Loans, net	882,355	1,156,538
Derivative asset	1,067	1,078
Cash surrender value of life insurance policies	15,135	14,896
Financial liabilities:
Non-interest-bearing deposits	383,167	416,547
Interest-bearing deposits	1,068,904	1,063,142
Securities sold under agreements to repurchase	11,220	67,133
Derivative liability	0	0
Federal Home Loan Bank advances	27,500	50,021
Junior subordinated debentures	22,167	22,167
Fair Value | Level 1
Financial assets:
Cash and cash equivalents	205,371	152,964
Securities available-for-sale	0	2,061
Securities held-to-maturity	0	0
Loans, net	0	0
Derivative asset	0	0
Cash surrender value of life insurance policies	0	0
Financial liabilities:
Non-interest-bearing deposits	0	0
Interest-bearing deposits	0	0
Securities sold under agreements to repurchase	11,220	67,133
Derivative liability	0	0
Federal Home Loan Bank advances		0
Junior subordinated debentures	0	0
Fair Value | Level 2
Financial assets:
Cash and cash equivalents	0	0
Securities available-for-sale	437,754	307,130
Securities held-to-maturity	36,974	80,920
Loans, net	0	0
Derivative asset	1,067	1,078
Cash surrender value of life insurance policies	15,135	14,896
Financial liabilities:
Non-interest-bearing deposits	383,167	416,547
Interest-bearing deposits	888,806	881,139
Securities sold under agreements to repurchase	0	0
Derivative liability	0	0
Federal Home Loan Bank advances	27,500	50,021
Junior subordinated debentures	22,167	22,167
Fair Value | Level 3
Financial assets:
Cash and cash equivalents	0	0
Securities available-for-sale	0	0
Securities held-to-maturity	0	0
Loans, net	885,054	1,160,614
Derivative asset	0	0
Cash surrender value of life insurance policies	0	0
Financial liabilities:
Non-interest-bearing deposits	0	0
Interest-bearing deposits	177,794	179,110
Securities sold under agreements to repurchase	0	0
Derivative liability	0	0
Federal Home Loan Bank advances	0	0
Junior subordinated debentures	$ 0	$ 0

OTHER NON-INTEREST INCOME AND_3

OTHER NON-INTEREST INCOME AND EXPENSE (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017
Other Income and Expenses [Abstract]
Threshold for analysis of noninterest income	1.00%
Threshold for analysis of noninterest expense	1.00%
Legal and Professional Fees	$ 8,789	$ 3,319
FDIC fees	1,599	1,572
Marketing expenses	1,105	1,197
Corporate development expense	1,107	1,016
Data processing	2,889	2,640
Amortization of intangibles	$ 1,106	$ 1,106

CONDENSED FINANCIAL INFORMATI_3

CONDENSED FINANCIAL INFORMATION OF PARENT COMPANY - Balance Sheets (Details) - USD ($) $ in Thousands	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
Assets
Cash and interest-bearing deposits in banks	$ 27,701	$ 36,329
Other assets	23,505	31,816
Total Assets	1,743,398	1,881,152
Liabilities
Junior subordinated debentures	22,167	22,167
ESOP obligation	1,400	1,400
Other	8,450	8,127
Total liabilities	1,521,408	1,627,137
Stockholders’ equity	221,990	254,015	$ 214,376
Total liabilities and stockholders’ equity	1,743,398	1,881,152
Parent Company
Assets
Cash and interest-bearing deposits in banks	44,827	50,174
Other assets	1,791	2,371
Investment in and advances to subsidiaries	198,608	225,634
Total Assets	245,226	278,179
Liabilities
Dividends payable	977	975
Junior subordinated debentures	22,167	22,167
ESOP obligation	0	937
Other	92	85
Total liabilities	23,236	24,164
Stockholders’ equity	221,990	254,015
Total liabilities and stockholders’ equity	$ 245,226	$ 278,179

CONDENSED FINANCIAL INFORMATI_4

CONDENSED FINANCIAL INFORMATION OF PARENT COMPANY - Statements of Operations (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017
Expenses:
Legal and Professional Fees	$ 8,789	$ 3,319
Loss before income taxes	(21,550)	(14,359)
Income tax expense (benefit)	5,966	(2,598)
Net loss	(27,516)	(11,761)
Parent Company
Revenue:
Dividends from Bank	262	4,000
Rental and other income	30	140
Total revenue	292	4,140
Expenses:
Interest expense	1,025	830
Legal and Professional Fees	476	235
Other expenses	873	854
Total expenses	2,374	1,919
Loss before income taxes	(2,082)	2,221
Equity in undistributed (loss) of subsidiaries	(24,823)	(14,802)
Income tax expense (benefit)	611	(820)
Net loss	$ (27,516)	$ (11,761)

CONDENSED FINANCIAL INFORMATI_5

CONDENSED FINANCIAL INFORMATION OF PARENT COMPANY - Statements of Cash Flows (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017
Cash flows from operating activities:
Net loss	$ (27,516)	$ (11,761)
Adjustments to reconcile net loss to net cash provided by operating activities:
Net cash provided by operating activities	22,569	25,277
Cash flows from investing activities:
Net cash provided by investing activities	139,210	96,279
Cash flows from financing activities:
Proceeds from exercise of stock options	643	266
Proceeds from issuance of common stock	0	57,151
Payment of dividends on preferred stock	(3,239)	(3,242)
Payment of common dividends	(662)	(2,880)
Net cash used in financing activities	(109,289)	(50,820)
Net increase in cash and cash equivalents	52,490	70,736
Cash and cash equivalents, beginning of year	152,964	82,228
Cash and cash equivalents, end of year	205,454	152,964
Parent Company
Cash flows from operating activities:
Net loss	(27,516)	(11,761)
Adjustments to reconcile net loss to net cash provided by operating activities:
Undistributed loss of subsidiaries	24,823	14,802
Other, net	604	(246)
Net cash provided by operating activities	(2,089)	2,795
Cash flows from investing activities:
Payments for investments in and advances to subsidiaries	0	(20,000)
Repayment of investments in and advance to subsidiaries	0	203
Net cash provided by investing activities	0	(19,797)
Cash flows from financing activities:
Proceeds from exercise of stock options	643	266
Proceeds from issuance of common stock	0	57,834
Payment of dividends on preferred stock	(3,239)	(3,242)
Stock offering expenses	0	(683)
Payment of common dividends	(662)	(3,704)
Net cash used in financing activities	(3,258)	50,471
Net increase in cash and cash equivalents	(5,347)	33,469
Cash and cash equivalents, beginning of year	50,174	16,705
Cash and cash equivalents, end of year	$ 44,827	$ 50,174

SUBSEQUENT EVENTS - Narrative (

SUBSEQUENT EVENTS - Narrative (Details) - USD ($) $ in Thousands	12 Months Ended		15 Months Ended
	Dec. 31, 2018	Dec. 31, 2017	Mar. 18, 2019
Subsequent Event [Line Items]
Proceeds from sale of loans held-for-sale	$ 15,623	$ 0
Subsequent Event
Subsequent Event [Line Items]
Decrease in loans held-for-sale			$ 16,900
Proceeds from sale of loans held-for-sale			$ 18,300