Citizens & Northern (CZNC) 10-Q 6 Nov 20 2020 Q3 Quarterly report Financial data

Document And Entity Information

Document And Entity Information - shares	9 Months Ended
	Sep. 30, 2020	Nov. 05, 2020
Document And Entity Information
Entity Registrant Name	CITIZENS & NORTHERN CORPORATION
Entity Central Index Key	0000810958
Trading Symbol	CZNC
Current Fiscal Year End Date	--12-31
Entity Filer Category	Accelerated Filer
Entity Current Reporting Status	Yes
Entity Emerging Growth Company	false
Entity Small Business	true
Entity Interactive Data Current	Yes
Entity Common Stock, Shares Outstanding (in shares)		15,890,353
Entity Shell Company	false
Document Type	10-Q
Document Period End Date	Sep. 30, 2020
Document Fiscal Year Focus	2020
Document Fiscal Period Focus	Q3
Amendment Flag	false
Title of 12(b) Security	Common Stock Par Value $1.00
City Area Code	570
Security Exchange Name	NASDAQ
Local Phone Number	724-3411
Entity Address, Postal Zip Code	16901
Entity Address, State or Province	PA
Entity Address, City or Town	WELLSBORO
Entity Address, Address Line One	90-92 MAIN STREET
Entity Tax Identification Number	23-2451943
Entity Incorporation, State or Country Code	PA
Entity File Number	000-16084
Document Transition Report	false
Document Quarterly Report	true

CONSOLIDATED BALANCE SHEETS

CONSOLIDATED BALANCE SHEETS - USD ($)	Sep. 30, 2020	Dec. 31, 2019
ASSETS
Noninterest-bearing	$ 30,968,000	$ 17,667,000
Interest-bearing	143,510,000	17,535,000
Total cash and due from banks	174,478,000	35,202,000
Available-for-sale debt securities, at fair value	340,545,000	346,723,000
Marketable equity security	1,003,000	979,000
Loans held for sale	1,200,000	767,000
Loans receivable	1,691,370,000	1,182,222,000
Allowance for loan losses	(10,753,000)	(9,836,000)
Loans, net	1,680,617,000	1,172,386,000
Bank-owned life insurance	29,942,000	18,641,000
Accrued interest receivable	8,296,000	5,001,000
Bank premises and equipment, net	21,504,000	17,170,000
Foreclosed assets held for sale	2,369,000	2,886,000
Deferred tax asset, net	1,335,000	2,618,000
Goodwill	52,526,000	28,388,000
Core deposit intangibles, net	4,059,000	1,247,000
Other assets	34,919,000	22,137,000
TOTAL ASSETS	2,352,793,000	1,654,145,000
LIABILITIES
Noninterest-bearing	467,544,000	285,904,000
Interest-bearing	1,403,970,000	966,756,000
Total deposits	1,871,514,000	1,252,660,000
Short-term borrowings	40,870,000	86,220,000
Long-term borrowings	102,787,000	52,127,000
Subordinated debt	16,572,000	6,500,000
Accrued interest and other liabilities	24,734,000	12,186,000
TOTAL LIABILITIES	2,056,477,000	1,409,693,000
STOCKHOLDERS' EQUITY
Preferred stock, $1,000 par value; authorized 30,000 shares; $1,000 liquidation preference per share; no shares issued	0	0
Common stock, par value $1.00 per share; authorized 20,000,000 shares, issued 15,982,815 and outstanding 15,890,353 at September 30, 2020; issued 13,934,996 and outstanding 13,716,445 at December 31, 2019	15,983,000	13,935,000
Paid-in capital	143,286,000	104,519,000
Retained earnings	127,224,000	126,480,000
Treasury stock, at cost; 92,462 shares at September 30, 2020 and 218,551 shares at December 31, 2019	(1,786,000)	(4,173,000)
Accumulated other comprehensive income	11,609,000	3,691,000
TOTAL STOCKHOLDERS' EQUITY	296,316,000	244,452,000
TOTAL LIABILITIES & STOCKHOLDERS' EQUITY	$ 2,352,793,000	$ 1,654,145,000

CONSOLIDATED BALANCE SHEETS (Pa

CONSOLIDATED BALANCE SHEETS (Parentheticals) - $ / shares	Sep. 30, 2020	Dec. 31, 2019
CONSOLIDATED BALANCE SHEETS
Preferred stock, par value (in dollars per share)	$ 1,000	$ 1,000
Preferred stock, authorized shares (in shares)	30,000	30,000
Preferred stock, liquidation preference per share (in dollars per share)	$ 1,000	$ 1,000
Preferred stock, shares issued (in shares)	0	0
Common stock, par value (in dollars per share)	$ 1	$ 1
Common stock, shares authorized (in shares)	20,000,000	20,000,000
Common stock, shares issued (in shares)	15,982,815	13,934,996
Common stock, shares outstanding (in shares)	15,890,353	13,716,445
Treasury stock, shares (in shares)	92,462	218,551

Consolidated Statements of Inco

Consolidated Statements of Income - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019
Interest and fees on loans:
Taxable	$ 19,158,000	$ 14,400,000	$ 47,745,000	$ 38,446,000
Tax-exempt	450,000	509,000	1,348,000	1,597,000
Interest on mortgages held for sale	26,000	5,000	47,000	14,000
Interest on balances with depository institutions	69,000	159,000	191,000	424,000
Income from available-for-sale debt securities:
Taxable	1,483,000	1,732,000	4,451,000	5,392,000
Tax-exempt	561,000	466,000	1,505,000	1,591,000
Dividends on marketable equity security	4,000	6,000	14,000	17,000
Total interest and dividend income	21,751,000	17,277,000	55,301,000	47,481,000
INTEREST EXPENSE
Interest on deposits	1,787,000	2,461,000	5,726,000	5,877,000
Interest on short-term borrowings	73,000	146,000	335,000	453,000
Interest on long-term borrowings	362,000	277,000	970,000	723,000
Interest on subordinated debt	247,000	116,000	460,000	231,000
Total interest expense	2,469,000	3,000,000	7,491,000	7,284,000
Net interest income	19,282,000	14,277,000	47,810,000	40,197,000
Provision for loan losses	1,941,000	1,158,000	3,293,000	197,000
Net interest income after provision for loan losses	17,341,000	13,119,000	44,517,000	40,000,000
NONINTEREST INCOME
Brokerage revenue	351,000	333,000	1,027,000	1,001,000
Insurance commissions, fees and premiums	41,000	71,000	126,000	149,000
Net gains from sale of loans	2,052,000	310,000	3,931,000	618,000
Increase in cash surrender value of life insurance	159,000	105,000	361,000	296,000
Other noninterest income	903,000	470,000	2,321,000	1,437,000
Sub-total	6,970,000	4,963,000	17,779,000	14,218,000
Realized gains on available-for-sale debt securities, net	25,000	13,000	25,000	20,000
Total noninterest income	6,995,000	4,976,000	17,804,000	14,238,000
NONINTEREST EXPENSE
Salaries and wages	6,833,000	5,480,000	17,537,000	15,249,000
Pensions and other employee benefits	1,870,000	1,449,000	5,527,000	4,292,000
Occupancy expense, net	806,000	654,000	2,215,000	1,976,000
Furniture and equipment expense	383,000	333,000	1,052,000	967,000
Data processing expenses	1,251,000	802,000	3,309,000	2,567,000
Automated teller machine and interchange expense	340,000	297,000	912,000	763,000
Pennsylvania shares tax	422,000	341,000	1,267,000	1,035,000
Professional fees	422,000	242,000	1,265,000	795,000
Telecommunications	231,000	197,000	650,000	537,000
Directors' fees	175,000	162,000	523,000	486,000
Merger-related expenses	6,402,000	206,000	7,526,000	3,818,000
Other noninterest expense	1,915,000	1,529,000	5,577,000	4,937,000
Total noninterest expense	21,050,000	11,692,000	47,360,000	37,422,000
Income before income tax provision	3,286,000	6,403,000	14,961,000	16,816,000
Income tax provision	438,000	1,096,000	2,509,000	2,770,000
NET INCOME	$ 2,848,000	$ 5,307,000	$ 12,452,000	$ 14,046,000
EARNINGS PER COMMON SHARE - BASIC (in dollars per share)	$ 0.18	$ 0.39	$ 0.86	$ 1.06
EARNINGS PER COMMON SHARE - DILUTED (in dollars per share)	$ 0.18	$ 0.39	$ 0.86	$ 1.06
Trust and Asset Management [Member]
NONINTEREST INCOME
Revenue	$ 1,595,000	$ 1,479,000	$ 4,639,000	$ 4,422,000
Deposit Account [Member]
NONINTEREST INCOME
Revenue	1,045,000	1,436,000	3,126,000	3,963,000
Service Charges and Fees [Member]
NONINTEREST INCOME
Revenue	83,000	91,000	230,000	259,000
Debit Card [Member]
NONINTEREST INCOME
Revenue	828,000	722,000	2,277,000	2,064,000
Bank Servicing [Member]
NONINTEREST INCOME
Revenue	$ (87,000)	$ (54,000)	$ (259,000)	$ 9,000

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Income - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019
Consolidated Statements of Comprehensive Income
Net income	$ 2,848	$ 5,307	$ 12,452	$ 14,046
Unrealized holding (losses) gains on available-for-sale debt securities	(95)	1,323	9,980	10,754
Reclassification adjustment for gains realized in income	(25)	(13)	(25)	(20)
Other comprehensive (loss) income on available-for-sale debt securities	(120)	1,310	9,955	10,734
Changes from plan amendments and actuarial gains and losses	0	0	88	214
Amortization of prior service cost and net actuarial loss included in net periodic benefit cost	(8)	(8)	(22)	(23)
Other comprehensive (loss) income on unfunded retirement obligations	(8)	(8)	66	191
Other comprehensive (loss) income before income tax	(128)	1,302	10,021	10,925
Income tax related to other comprehensive loss (income)	26	(274)	(2,103)	(2,295)
Net other comprehensive (loss) income	(102)	1,028	7,918	8,630
Comprehensive income	$ 2,746	$ 6,335	$ 20,370	$ 22,676

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)	9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019
CASH FLOWS FROM OPERATING ACTIVITIES:
Net income	$ 12,452,000	$ 14,046,000
Adjustments to reconcile net income to net cash provided by operating activities:
Provision for loan losses	3,293,000	197,000
Realized gains on available-for-sale debt securities, net	(25,000)	(20,000)
Accretion and amortization on securities, net	1,020,000	880,000
Increase in cash surrender value of life insurance	(361,000)	(296,000)
Depreciation and amortization of bank premises and equipment	1,429,000	1,315,000
Other accretion and amortization, net	(1,547,000)	(265,000)
Stock-based compensation	672,000	646,000
Deferred income taxes	649,000	187,000
Decrease in fair value of servicing rights	617,000	312,000
Gains on sales of loans, net	(3,931,000)	(618,000)
Origination of loans held for sale	(123,547,000)	(20,663,000)
Proceeds from sales of loans held for sale	126,268,000	19,325,000
(Decrease) increase in accrued interest receivable and other assets	(1,194,000)	895,000
(Decrease) increase in accrued interest payable and other liabilities	(856,000)	236,000
Other	(339,000)	99,000
Net Cash Provided by Operating Activities	14,600,000	16,276,000
CASH FLOWS FROM INVESTING ACTIVITIES:
Net cash and cash equivalents provided by (used in) business combination	75,955,000	(1,778,000)
Proceeds from maturities of certificates of deposit	250,000	100,000
Purchase of certificates of deposit	(2,500,000)	0
Proceeds from sales of available-for-sale debt securities	20,535,000	95,640,000
Proceeds from calls and maturities of available-for-sale debt securities	71,009,000	61,241,000
Purchase of available-for-sale debt securities	(65,853,000)	(48,776,000)
Redemption of Federal Home Loan Bank of Pittsburgh stock	5,712,000	8,275,000
Purchase of Federal Home Loan Bank of Pittsburgh stock	(4,571,000)	(4,911,000)
Net increase in loans	(45,564,000)	(53,859,000)
Proceeds from bank owned life insurance	0	796,000
Purchase of premises and equipment	(2,550,000)	(1,300,000)
Proceeds from sale of foreclosed assets	1,347,000	1,740,000
Other	178,000	120,000
Net Cash Provided by Investing Activities	53,948,000	57,288,000
CASH FLOWS FROM FINANCING ACTIVITIES:
Net increase in deposits	137,543,000	37,532,000
Net decrease in short-term borrowings	(79,213,000)	(103,246,000)
Proceeds from long-term borrowings	25,891,000	48,500,000
Repayments of long-term borrowings and subordinated debt	(5,136,000)	(31,590,000)
Sale of treasury stock	124,000	198,000
Purchase of vested restricted stock	(163,000)	(189,000)
Common dividends paid	(10,568,000)	(10,713,000)
Net Cash Provided by (Used in) Financing Activities	68,478,000	(59,508,000)
INCREASE IN CASH AND CASH EQUIVALENTS	137,026,000	14,056,000
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD	31,122,000	32,827,000
CASH AND CASH EQUIVALENTS, END OF PERIOD	168,148,000	46,883,000
SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION:
Right-of-use assets recognized at adoption of ASU 2016-02	0	1,132,000
Leased assets obtained in exchange for new operating lease liabilities	167,000	745,000
Accrued purchase of available-for-sale debt securities	287,000	3,857,000
Accrued sale of available-for-sale securities	488,000	0
Accrued income from life insurance claim	279,000	0
Assets acquired through foreclosure of real estate loans	0	1,863,000
Interest paid	7,635,000	6,721,000
Income taxes paid	$ 2,975,000	$ 1,500,000

Consolidated Statements of Chan

Consolidated Statements of Changes in Stockholders' Equity (Unaudited) - USD ($) $ in Thousands	Common Stock [Member]	Treasury Stock [Member]	Additional Paid-in Capital [Member]	Retained Earnings [Member]	AOCI Attributable to Parent	Total
Balance (in shares) at Dec. 31, 2018	12,655,171	335,841
Balance at Dec. 31, 2018	$ 12,655	$ (6,362)	$ 72,602	$ 122,643	$ (4,170)	$ 197,368
Net income				14,046		14,046
Other comprehensive (loss) income					8,630	8,630
Cash dividends declared on common stock				(11,966)		(11,966)
Shares issued for dividend reinvestment plan (in shares)		(48,195)
Shares issued for dividend reinvestment plan		$ 920	333			1,253
Share issued from treasury and redeemed related to exercise of stock options (in shares)		(18,071)
Shares issued from treasury and redeemed related to exercise of stock options		$ 344	(146)			198
Restricted stock granted (in shares)		(48,137)
Restricted stock granted		$ 918	(918)			0
Forfeiture of restricted stock (in shares)		3,144
Forfeiture of restricted stock		$ (60)	60			0
Stock-based compensation expense			646			646
Purchase of restricted stock for tax withholding (in shares)		7,392
Purchase of restricted stock for tax withholding		$ (189)				(189)
Shares issued for acquisition of Covenant Financial, Inc., net of equity issuance costs (in shares)	1,279,825
Shares issued for acquisition of Covenant Financial, Inc., net of equity issuance costs	$ 1,280		31,673			32,953
Balance (in shares) at Sep. 30, 2019	13,934,996	231,974
Balance at Sep. 30, 2019	$ 13,935	$ (4,429)	104,250	124,723	4,460	242,939
Balance (in shares) at Jun. 30, 2019	13,934,996	246,997
Balance at Jun. 30, 2019	$ 13,935	$ (4,716)	103,953	123,112	3,432	239,716
Net income				5,307		5,307
Other comprehensive (loss) income					1,028	1,028
Cash dividends declared on common stock				(3,696)		(3,696)
Shares issued for dividend reinvestment plan (in shares)		(15,023)
Shares issued for dividend reinvestment plan		$ 287	82			369
Stock-based compensation expense			215			215
Balance (in shares) at Sep. 30, 2019	13,934,996	231,974
Balance at Sep. 30, 2019	$ 13,935	$ (4,429)	104,250	124,723	4,460	242,939
Balance (in shares) at Dec. 31, 2019	13,934,996	218,551
Balance at Dec. 31, 2019	$ 13,935	$ (4,173)	104,519	126,480	3,691	244,452
Net income				12,452		12,452
Other comprehensive (loss) income					7,918	7,918
Cash dividends declared on common stock				(11,708)		(11,708)
Shares issued for dividend reinvestment plan (in shares)		(56,649)
Shares issued for dividend reinvestment plan		$ 1,094	46			1,140
Share issued from treasury and redeemed related to exercise of stock options (in shares)		(9,652)
Shares issued from treasury and redeemed related to exercise of stock options		$ 186	(62)			124
Restricted stock granted (in shares)		(70,940)
Restricted stock granted		$ 1,370	(1,370)			0
Forfeiture of restricted stock (in shares)		5,290
Forfeiture of restricted stock		$ (100)	100			0
Stock-based compensation expense			672			672
Purchase of restricted stock for tax withholding (in shares)		5,862
Purchase of restricted stock for tax withholding		$ (163)				(163)
Shares issued for acquisition of Covenant Financial, Inc., net of equity issuance costs (in shares)	2,047,819
Shares issued for acquisition of Covenant Financial, Inc., net of equity issuance costs	$ 2,048		39,381			41,429
Balance (in shares) at Sep. 30, 2020	15,982,815	92,462
Balance at Sep. 30, 2020	$ 15,983	$ (1,786)	143,286	127,224	11,609	296,316
Balance (in shares) at Jun. 30, 2020	13,934,996	127,839
Balance at Jun. 30, 2020	$ 13,935	$ (2,470)	103,954	128,661	11,711	255,791
Net income				2,848		2,848
Other comprehensive (loss) income					(102)	(102)
Cash dividends declared on common stock				(4,285)		(4,285)
Shares issued for dividend reinvestment plan (in shares)		(21,949)
Shares issued for dividend reinvestment plan		$ 423	(36)			387
Restricted stock granted (in shares)		(15,076)
Restricted stock granted		$ 291	(291)			0
Forfeiture of restricted stock (in shares)		1,648
Forfeiture of restricted stock		$ (30)	30			0
Stock-based compensation expense			248			248
Shares issued for acquisition of Covenant Financial, Inc., net of equity issuance costs (in shares)	2,047,819
Shares issued for acquisition of Covenant Financial, Inc., net of equity issuance costs	$ 2,048		39,381			41,429
Balance (in shares) at Sep. 30, 2020	15,982,815	92,462
Balance at Sep. 30, 2020	$ 15,983	$ (1,786)	$ 143,286	$ 127,224	$ 11,609	$ 296,316

Consolidated Statements of Ch_2

Consolidated Statements of Changes in Stockholders' Equity (Unaudited) (Parentheticals) - $ / shares	3 Months Ended		9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019
Retained Earnings [Member]
Common stock, dividends, per share (in dollars per share)	$ 0.27	$ 0.27	$ 0.81	$ 0.91

BASIS OF INTERIM PRESENTATION A

BASIS OF INTERIM PRESENTATION AND STATUS OF RECENT ACCOUNTING PRONOUNCEMENTS	9 Months Ended
	Sep. 30, 2020
BASIS OF INTERIM PRESENTATION AND STATUS OF RECENT ACCOUNTING PRONOUNCEMENTS
BASIS OF INTERIM PRESENTATION AND STATUS OF RECENT ACCOUNTING PRONOUNCEMENTS	1. BASIS OF INTERIM PRESENTATION AND STATUS OF RECENT ACCOUNTING PRONOUNCEMENTS The consolidated financial statements include the accounts of Citizens & Northern Corporation and its subsidiaries, Citizens & Northern Bank (“C&N Bank”), Bucktail Life Insurance Company and Citizens & Northern Investment Corporation (collectively, “Corporation”). The consolidated financial statements also include C&N Bank’s wholly-owned subsidiaries, C&N Financial Services Corporation and Northern Tier Holding LLC. C&N Bank is the sole member of Northern Tier Holding LLC. All material intercompany balances and transactions have been eliminated in consolidation. The consolidated financial information included herein, except the consolidated balance sheet dated December 31, 2019, is unaudited. Such information reflects all adjustments (consisting solely of normal recurring adjustments) that are, in the opinion of management, necessary for a fair presentation of the financial position, results of operations, comprehensive income, cash flows and changes in stockholders’ equity for the interim periods; however, the information does not include all disclosures required by accounting principles generally accepted in the United States of America (“U.S. GAAP”) for a complete set of financial statements. Certain 2019 information has been reclassified for consistency with the 2020 presentation. Operating results reported for the nine-month period ended September 30, 2020 might not be indicative of the results for the year ending December 31, 2020. The Corporation evaluates subsequent events through the date of filing with the Securities and Exchange Commission. RECENT ACCOUNTING PRONOUNCEMENTS The Financial Accounting Standards Board (FASB) issues Accounting Standards Updates (ASUs) to the FASB Accounting Standards Codification (ASC). This section provides a summary description of recent ASUs that have significant implications (elected or required) within the consolidated financial statements, or that management expects may have a significant impact on financial statements issued in the near future. Recent Accounting Pronouncements - Adopted ASU 2018-13, Fair Value Measurement (Topic 820) modifies disclosure requirements on fair value measurements. This ASU removes requirements to disclose the amount of and reasons for transfers between Level 1 and Level 2 of the fair value hierarchy, the policy for timing of transfers between levels and the valuation processes for Level 3 fair value measurements. ASU 2018-13 clarifies that disclosure regarding measurement uncertainty is intended to communicate information about the uncertainty in measurement as of the reporting date. ASU 2018-13 adds certain disclosure requirements, including disclosure of changes in unrealized gains and losses for the period included in other comprehensive income for recurring Level 3 fair value measurements held at the end of the reporting period and the range and weighted average of significant unobservable inputs used to develop Level 3 fair value measurements. The amendments in this ASU became effective for the Corporation beginning in the first quarter 2020. The amendments on changes in unrealized gains and losses, the range and weighted average of significant unobservable inputs used to develop Level 3 fair value measurements and the narrative description of measurement uncertainty should be applied prospectively, while all other amendments should be applied retrospectively for all periods presented. Note 13 provides disclosure regarding fair value measurements of the Corporation’s financial instruments. Adoption of this ASU did not have a material impact on the Corporation’s consolidated financial position or results of operations. Recently Issued But Not Yet Effective Accounting Pronouncements ASU 2016-13, Financial Instruments-Credit Losses (Topic 326), as modified by subsequent ASUs, changes accounting for credit losses on loans receivable and debt securities from an incurred loss methodology to an expected credit loss methodology. Among other things, ASU 2016-13 requires the measurement of all expected credit losses for financial assets held at the reporting date based on historical experience, current conditions, and reasonable and supportable forecasts. Accordingly, ASU 2016-13 requires the use of forward-looking information to form credit loss estimates. Many of the loss estimation techniques applied today will still be permitted, though the inputs to those techniques will change to reflect the full amount of expected credit losses. In addition, ASU 2016-13 amends the accounting for credit losses on debt securities and purchased financial assets with credit deterioration. The effect of implementing this ASU is recorded through a cumulative-effect adjustment to retained earnings. The Corporation has formed a cross functional management team and is working with an outside vendor assessing alternative loss estimation methodologies and the Corporation’s data and system needs to evaluate the impact that adoption of this standard will have on the Corporation’s financial condition and results of operations. In November 2019, the FASB approved a delay of the required implementation date of ASU 2016-13 for smaller reporting companies, including the Corporation, resulting in a required implementation date for the Corporation of January 1, 2023. ASU 2020-04, Reference Rate Reform (Topic 848) provides temporary optional guidance to ease the potential burden in accounting for reference rate reform. The amendments in Update 2020-04 are elective and apply to all entities that have contracts, hedging relationships, and other transactions that reference LIBOR or another reference rate expected to be discontinued. The guidance includes a general principle that permits an entity to consider contract modifications due to reference rate reform to be an event that does not require contract remeasurement at the modification date or reassessment of a previous accounting determination. Some specific optional expedients are as follows: ● Simplifies accounting for contract modifications, including modifications to loans receivable and debt, by prospectively adjusting the effective interest rate. ● Simplifies the assessment of hedge effectiveness and allows hedging relationships affected by reference rate reform to continue. The amendments in ASU 2020-04 are effective as of March 12, 2020 through December 31, 2022. The Corporation expects to apply the amendments prospectively for applicable loan and other contracts within the effective period of ASU 2020-04.

BUSINESS COMBINATIONS

BUSINESS COMBINATIONS	9 Months Ended
	Sep. 30, 2020
BUSINESS COMBINATIONS
BUSINESS COMBINATION AND PENDING ACQUISITION	2. BUSINESS COMBINATIONS Acquisition of Covenant Financial, Inc. On July 1, 2020, the Corporation completed its acquisition of Covenant Financial, Inc. (“Covenant”). Covenant was the holding company for Covenant Bank, which operated banking offices in Bucks and Chester Counties of Pennsylvania. Management believes the acquisition provides an opportunity to expand the Corporation’s presence in a higher growth market and further leverage the Corporation’s capital to enhance long-term shareholder value. The unaudited consolidated financial statements include the formerly separate Covenant operations from July 1, 2020 through September 30, 2020. Since the activities of the former Covenant operations have been combined with those of the Corporation, separate disclosure of Covenant-related financial information included in the unaudited consolidated financial statements is not practicable. Total purchase consideration was $63,266,000, including cash paid to former Covenant shareholders totaling $21,654,000 and 2,047,819 shares of Corporation common stock issued with a value of $41,612,000. In the table below, the cash portion of merger consideration includes $183,000 of costs directly related to issuance of stock, and the equity portion of merger consideration has been reduced by these costs. The merger was accounted for using the acquisition method of accounting and, accordingly, purchased assets, including identifiable intangible assets, and assumed liabilities were recorded at their respective acquisition date fair values. The fair value measurements of assets acquired and liabilities assumed are subject to refinement for up to one year after the closing date of the acquisition as additional information relative to closing date fair values becomes available. The preliminary fair value of assets acquired, excluding goodwill, totaled $608,631,000, while the preliminary fair value of liabilities assumed totaled $569,503,000. Goodwill represents consideration transferred in excess of the fair value of the net assets acquired. At July 1, 2020, the Corporation recognized preliminary goodwill of $24,138,000 associated with the acquisition. The goodwill resulting from the acquisition represents the value expected from the further expansion of the Corporation’s market penetration into Southeastern Pennsylvania, adding to the base established in the acquisition of Monument Bancorp, Inc. in 2019. Goodwill acquired in the Covenant merger is not deductible for tax purposes as the acquisition is accounted for as a tax-free exchange for tax purposes. The following table summarizes the consideration paid for Covenant and the preliminary estimated fair values of the assets acquired and liabilities assumed at the acquisition date: ​ ​ ​ ​ ​ (In Thousands) ​ Fair value of consideration transferred: ​ ​ ​ Cash ​ $ 21,837 Common stock issued ​ 41,429 Total consideration transferred ​ $ 63,266 ​ ​ ​ ​ Estimated fair value of assets acquired and (liabilities) assumed: ​ ​ ​ Cash and cash equivalents ​ $ 97,792 Available-for-sale debt securities ​ 10,754 Loans receivable ​ 464,792 Bank-owned life insurance ​ 11,170 Accrued interest receivable ​ 1,922 Bank premises and equipment ​ 3,250 Foreclosed assets held for sale ​ 860 Deferred tax asset, net ​ 1,469 Core deposit intangible ​ 3,144 Goodwill ​ 24,138 Other assets ​ 13,478 Deposits ​ (481,796) Short-term borrowings ​ (33,950) Long-term borrowings ​ (30,025) Subordinated debt ​ (10,091) Accrued interest and other liabilities ​ ​ (13,641) Estimated excess fair value of assets acquired over liabilities assumed ​ $ 63,266 ​ ​ ​ ​ ​ In the consolidated statements of cash flows, noncash investing and financing activities include the issuance of common stock as part of the merger consideration as well as the following categories of assets acquired and liabilities assumed from Covenant as reflected in the table above: available-for-sale debt securities, loans receivable, bank-owned life insurance, bank premises and equipment, foreclosed assets held for sale, core deposit intangible, goodwill, other assets (including Federal Home Loan Bank of Pittsburgh stock of $2,939,000), deposits, short-term borrowings, long-term borrowings, subordinated debt and accrued interest and other liabilities. Acquisition date fair values for available-for-sale securities were determined using Level 1 inputs consistent with the methods discussed further in Note 13. The determination of estimated fair values of the acquired loans required the Corporation to make certain estimates about discount rates, future expected cash flows, market conditions and other future events that are highly subjective in nature. Based on such factors as past due status, nonaccrual status, bankruptcy status, and credit risk ratings, the acquired loans were evaluated, and twenty-four loans displayed evidence of credit quality deterioration. These loans are accounted for under ASC 310-30 (purchased credit impaired, or “PCI”). The majority of the purchased loans did not display evidence of impairment, and thus are accounted for under ASC 310-20. Expected cash flows, both principal and interest, were estimated based on key assumptions covering such factors as prepayments, default rates and severity of loss given default. These assumptions were developed using both Covenant’s historical experience and the portfolio characteristics as of the acquisition date as well as available market research. The fair value estimates for acquired loans were based on the amount and timing of expected principal, interest and other cash flows, including expected prepayments, discounted at prevailing market interest rates applicable to the types of acquired loans, which the Corporation considers Level 3 fair value measurements. Loans acquired from Covenant were measured at fair value at the acquisition date with no carryover of an allowance for loan losses. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ (In Thousands) ​ Performing ​ PCI ​ Total Residential mortgage: ​ ​ ​ ​ ​ ​ ​ ​ ​ Residential mortgage loans - first liens ​ $ 65,883 ​ $ 0 ​ $ 65,883 Residential mortgage loans - junior liens ​ 4,141 ​ ​ 75 ​ ​ 4,216 Home equity lines of credit ​ ​ 8,368 ​ ​ 0 ​ ​ 8,368 1-4 Family residential construction ​ ​ 11,437 ​ ​ 0 ​ ​ 11,437 Total residential mortgage ​ ​ 89,829 ​ ​ 75 ​ ​ 89,904 Commercial: ​ ​ ​ ​ ​ ​ ​ ​ ​ Commercial loans secured by real estate ​ 240,482 ​ ​ 4,152 ​ ​ 244,634 Commercial and industrial ​ 39,068 ​ ​ 806 ​ ​ 39,874 Small Business Adminstration - Paycheck Protection Program ​ ​ 63,740 ​ ​ 0 ​ ​ 63,740 Loans secured by farmland ​ 73 ​ ​ 0 ​ ​ 73 Multi-family (5 or more) residential ​ 23,065 ​ ​ 2,171 ​ ​ 25,236 Other commercial loans ​ 952 ​ ​ 0 ​ ​ 952 Total commercial ​ 367,380 ​ ​ 7,129 ​ ​ 374,509 Consumer ​ 379 ​ ​ 0 ​ ​ 379 Total ​ $ 457,588 ​ $ 7,204 ​ ​ 464,792 The following table presents the preliminary fair value adjustments made to the amortized cost basis of loans acquired on July 1, 2020: ​ ​ ​ ​ ​ (In Thousands) ​ ​ Gross amortized cost at acquisition ​ $ 472,012 Fair value adjustments: ​ ​ ​ Market rates ​ 2,909 Credit adjustment on non-impaired loans ​ ​ (7,219) Credit adjustment on impaired loans ​ ​ (2,910) Fair value at acquisition ​ $ 464,792 ​ ​ ​ ​ ​ The market rate adjustment represents the movement in interest rates, irrespective of credit adjustments, compared to the contractual rates of the acquired loans. The credit adjustment made on non-PCI loans represents changes in credit quality of the underlying borrowers from loan inception to the acquisition date. The credit adjustment on PCI loans is derived in accordance with ASC 310-30 and represents the portion of the loan balances that have been deemed uncollectible for each loan. The PCI loans are secured by real estate or other collateral, and the fair value of each loan was determined based on the estimated proceeds to be derived from selling the collateral, net of selling costs. The PCI loans were placed into nonaccrual status upon acquisition (and remained in nonaccrual status at September 30, 2020) as the Corporation cannot reasonably estimate cash flows expected to be collected in order to compute yield on the loans. The Corporation recognized a core deposit intangible of $3,144,000. The core deposit intangible represents the estimated value of lower-cost funding provided by the nonmaturity deposits assumed in comparison with the Corporation’s estimated cost of borrowing funds in the market. The valuation assumptions to determine the core deposit intangible were comprised of level 2 and level 3 inputs. The core deposit intangible will be amortized over a weighted-average life of 5.4 years. Deposit liabilities assumed were segregated into two categories: (1) nonmaturity deposits (checking, savings and money market), and (2) time deposits (deposit accounts with a stated maturity). The fair values of both categories of deposits were determined using level 2 fair value measurements. For nonmaturity deposits, the acquisition date outstanding balance of the assumed demand deposit accounts approximates fair value. In determining the fair value of time deposits, the Corporation discounted the contractual cash flows of the deposit accounts using prevailing market interest rates for time deposit accounts of similar type and duration. Short-term and long-term borrowings assumed consisted of advances from the Federal Home Loan Bank of Pittsburgh. The fair value of borrowings was determined using Level 2 measurements by discounting the contractual cash flows of the borrowings using Federal Home Loan Bank interest rates available July 1, 2020 for advances to the same maturities as those of the deposits assumed. Subordinated debt assumed included two issues: (1) agreements with par values totaling $8,000,000, maturing in June 2021, redeemable at par beginning in June 2021 and bearing interest at 6.25%; and (2) an agreement with a par value of $2,000,000, maturing in July 2027, redeemable at par beginning in July 2022 and bearing interest at 6.50%. The fair value of subordinated debt was determined using Level 2 measurements by comparing the interest rates on the debt to the rates on similar recent issues of comparable size by other similar-sized banking companies. The Corporation incurred merger-related expenses associated with the Covenant transaction of $6,402,000 in the third quarter 2020. For the nine months ended September 30, 2020, merger-related expenses totaled . Merger-related expenses include severance and similar expenses, costs associated with termination of data processing contracts and conversion of Covenant’s customer accounting data into the Corporation’s core system, legal and other professional fees and various other costs. The following table presents pro forma information as if the merger between the Corporation and Covenant had been completed on January 1, 2019. The pro forma information does not necessarily reflect the results of operations that would have occurred had the merger taken place at the beginning of 2019. The supplemental pro forma information excludes merger-related expenses totaling net of tax. Similarly, the pro forma information excludes merger-related expenses totaling incurred by Covenant). The pro forma also excludes a tax benefit of ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ (In Thousands Except Per Share Data) Three Months Ended ​ Nine Months Ended ​ ​ September 30, ​ September 30, ​ September 30, ​ September 30, ​ ​ 2020 ​ 2019 ​ 2020 ​ 2019 Interest income $ 21,632 $ 23,142 ​ $ 66,564 $ 64,800 Interest expense ​ 3,091 ​ 4,367 ​ ​ 10,727 ​ 10,747 Net interest income ​ ​ 18,541 ​ ​ 18,775 ​ ​ 55,837 ​ ​ 54,053 Provision for loan losses ​ 1,941 ​ 1,208 ​ 3,393 ​ 1,047 Net interest after provision for loan losses ​ 16,600 ​ 17,567 ​ 52,444 ​ 53,006 Noninterest income ​ 6,970 ​ 5,523 ​ 18,092 ​ 15,546 Net gains on securities ​ 25 ​ 13 ​ 25 ​ 20 Other noninterest expenses ​ 14,572 ​ 14,530 ​ 45,604 ​ 46,198 Income before income tax provision ​ 9,023 ​ 8,573 ​ 24,957 ​ 22,374 Income tax provision ​ 1,605 ​ 1,511 ​ 4,610 ​ 3,886 Net income ​ $ 7,418 ​ $ 7,062 ​ $ 20,347 ​ $ 18,488 Earnings per common share - basic ​ $ 0.47 ​ $ 0.45 ​ $ 1.28 ​ $ 1.21 Earnings per common share - diluted ​ $ 0.47 ​ $ 0.45 ​ $ 1.28 ​ $ 1.21 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Business Combination – Acquisition of Monument Bancorp, Inc. On April 1, 2019, the Corporation completed its acquisition of 100% of the common stock of Monument Bancorp, Inc. (“Monument”). Monument was the parent company of Monument Bank, a commercial bank which operated two community bank offices and one lending office in Bucks County, Pennsylvania. Pursuant to the merger, Monument was merged into Citizens & Northern Corporation and Monument Bank was merged into C&N Bank. Total purchase consideration was $42.7 million, including cash paid to former Monument shareholders totaling $9.6 million and 1,279,825 shares of Corporation common stock issued with a value of $33.1 million, net of costs directly related to stock issuance of $181,000. In connection with the transaction, the Corporation recorded goodwill of $16.4 million and a core deposit intangible asset of $1.5 million. Total loans acquired on April 1, 2019 were valued at $259.3 million, while total deposits assumed were valued at $223.3 million, borrowings were valued at $111.6 million and subordinated debt was valued at $12.4 million. The subordinated debt included an instrument with a fair value of $5.4 million that was redeemed on April 1, 2019 with no realized gain or loss. The Corporation acquired available-for-sale debt securities valued at $94.6 million and sold the securities in early April for approximately no realized gain or loss. The assets purchased and liabilities assumed in the merger were recorded at their estimated fair values at the time of closing, subject to refinement for up to one year after the closing date. There were no adjustments to the fair value measurements of assets or liabilities in 2020. Merger-related expenses, including legal and professional expenses and conversion of Monument’s customer accounting data into the Corporation’s core system, were $206,000 in the third quarter 2019 and $3,818,000 in the nine-month period ended September 30, 2019.

PER SHARE DATA

PER SHARE DATA	9 Months Ended
	Sep. 30, 2020
PER SHARE DATA
PER SHARE DATA	3. PER SHARE DATA Basic earnings per common share are calculated using the two-class method to determine income attributable to common shareholders. Unvested restricted stock awards that contain nonforfeitable rights to dividends are considered participating securities under the two-class method. Distributed dividends and an allocation of undistributed net income to participating securities reduce the amount of income attributable to common shareholders. Income attributable to common shareholders is then divided by weighted-average common shares outstanding for the period to determine basic earnings per common share. Diluted earnings per common share are calculated under the more dilutive of either the treasury method or the two-class method. Diluted earnings per common share is computed using weighted-average common shares outstanding, plus weighted-average common shares available from the exercise of all dilutive stock options, less the number of shares that could be repurchased with the proceeds of stock option exercises based on the average share price of the Corporation’s common stock during the period. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ (In Thousands, Except Share and Per Share Data) ​ Three Months Ended Nine Months Ended ​ ​ September 30, ​ September 30, ​ September 30, ​ September 30, ​ 2020 2019 2020 2019 Basic ​ ​ ​ ​ ​ Net income ​ $ 2,848 ​ $ 5,307 ​ $ 12,452 ​ $ 14,046 Less: Dividends and undistributed earnings allocated to participating securities ​ (18) ​ (26) ​ (74) ​ (72) Net income attributable to common shares ​ $ 2,830 ​ $ 5,281 ​ $ 12,378 ​ $ 13,974 Basic weighted-average common shares outstanding ​ 15,778,391 ​ 13,627,676 ​ 14,388,797 ​ 13,182,960 Basic earnings per common share (a) ​ $ 0.18 ​ $ 0.39 ​ $ 0.86 ​ $ 1.06 Diluted ​ ​ ​ ​ Net income attributable to common shares ​ $ 2,830 ​ $ 5,281 ​ $ 12,378 ​ $ 13,974 Basic weighted-average common shares outstanding ​ 15,778,391 ​ 13,627,676 ​ 14,388,797 ​ 13,182,960 Dilutive effect of potential common stock arising from stock options ​ 1,330 ​ 19,142 ​ 4,632 ​ 23,284 Diluted weighted-average common shares outstanding ​ 15,779,721 ​ 13,646,818 ​ 14,393,429 ​ 13,206,244 Diluted earnings per common share (a) ​ $ 0.18 ​ $ 0.39 ​ $ 0.86 ​ $ 1.06 Weighted-average nonvested restricted shares outstanding ​ 102,629 ​ 68,814 ​ 85,611 ​ 68,284 (a) Basic and diluted earnings per share under the two-class method are determined on net income reported on the consolidated statements of income, less earnings allocated to non-vested restricted shares with nonforfeitable dividends (participating securities). Anti-dilutive stock options are excluded from net income per share calculations. Weighted-average common shares available from anti-dilutive instruments totaled 39,012 shares in the three-month period ended September 30, 2020 and 19,506 shares in the nine-month period ended September 30, 2020. There were no anti-dilutive instruments in the three-month and nine-month periods ended September 30, 2019.

COMPREHENSIVE INCOME

COMPREHENSIVE INCOME	9 Months Ended
	Sep. 30, 2020
COMPREHENSIVE INCOME
COMPREHENSIVE INCOME	4. COMPREHENSIVE INCOME Comprehensive income is the total of (1) net income, and (2) all other changes in equity from non-stockholder sources, which are referred to as other comprehensive income (loss). The components of other comprehensive income (loss), and the related tax effects, are as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ (In Thousands) Before-Tax Income Tax Net-of-Tax ​ ​ Amount ​ Effect ​ Amount Nine Months Ended September 30, 2020 ​ ​ ​ Unrealized gains on available-for-sale debt securities: ​ ​ ​ ​ ​ ​ ​ ​ ​ Unrealized holding gains on available-for-sale debt securities ​ $ 9,980 ​ $ (2,095) ​ $ 7,885 Reclassification adjustment for (gains) realized in income ​ ​ (25) ​ ​ 5 ​ ​ (20) Other comprehensive income on available-for-sale debt securities ​ ​ 9,955 ​ ​ (2,090) ​ ​ 7,865 Unfunded pension and postretirement obligations: ​ ​ ​ Changes from plan amendments and actuarial gains and losses included in other comprehensive income ​ 88 ​ (18) ​ 70 Amortization of prior service cost and net actuarial loss included in net periodic benefit cost ​ (22) ​ 5 ​ (17) Other comprehensive income on unfunded retirement obligations ​ 66 ​ (13) ​ 53 Total other comprehensive income ​ $ 10,021 ​ $ (2,103) ​ $ 7,918 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ (In Thousands) Before-Tax Income Tax Net-of-Tax ​ ​ Amount ​ Effect ​ Amount Nine Months Ended September 30, 2019 ​ ​ ​ Unrealized gains on available-for-sale debt securities: ​ ​ ​ ​ ​ ​ ​ ​ ​ Unrealized holding gains on available-for-sale debt securities ​ $ 10,754 ​ $ (2,258) ​ $ 8,496 Reclassification adjustment for (gains) realized in income ​ ​ (20) ​ ​ 4 ​ ​ (16) Other comprehensive income on available-for-sale debt securities ​ ​ 10,734 ​ ​ (2,254) ​ ​ 8,480 Unfunded pension and postretirement obligations: ​ ​ ​ Changes from plan amendments and actuarial gains and losses included in other comprehensive income ​ 214 ​ (45) ​ 169 Amortization of prior service cost and net actuarial loss included in net periodic benefit cost ​ (23) ​ 4 ​ (19) Other comprehensive income on unfunded retirement obligations ​ 191 ​ (41) ​ 150 Total other comprehensive income ​ $ 10,925 ​ $ (2,295) ​ $ 8,630 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ (In Thousands) Before-Tax Income Tax Net-of-Tax ​ ​ Amount ​ Effect ​ Amount Three Months Ended September 30, 2020 ​ ​ ​ Unrealized gains on available-for-sale debt securities: ​ ​ ​ Unrealized holding losses on available-for-sale debt securities ​ $ (95) ​ $ 19 ​ $ (76) Reclassification adjustment for (gains) realized in income ​ ​ (25) ​ ​ 5 ​ ​ (20) Other comprehensive loss on available-for-sale debt securities ​ ​ (120) ​ ​ 24 ​ ​ (96) Unfunded pension and postretirement obligations, ​ ​ ​ Amortization of prior service cost and net actuarial loss included in net periodic benefit cost ​ (8) ​ 2 ​ (6) Total other comprehensive loss ​ $ (128) ​ $ 26 ​ $ (102) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ (In Thousands) Before-Tax Income Tax Net-of-Tax ​ ​ Amount ​ Effect ​ Amount Three Months Ended September 30, 2019 ​ ​ ​ Unrealized gains on available-for-sale debt securities: ​ ​ ​ Unrealized holding gains on available-for-sale debt securities ​ $ 1,323 ​ $ (278) ​ $ 1,045 Reclassification adjustment for (gains) realized in income ​ (13) ​ 3 ​ (10) Other comprehensive income on available-for-sale debt securities ​ 1,310 ​ (275) ​ 1,035 Unfunded pension and postretirement obligations, ​ ​ ​ Amortization of prior service cost and net actuarial loss included in net periodic benefit cost ​ (8) ​ 1 ​ (7) Total other comprehensive income ​ $ 1,302 ​ $ (274) ​ $ 1,028 ​ The amounts shown in the table immediately above are included in the following line items in the consolidated statements of income: ​ ​ Affected Line Item in the Description ​ Consolidated Statements of Income ​ Amortization of prior service cost and ​ Other noninterest expense ​ net actuarial loss included in net ​ ​ ​ periodic benefit cost (before-tax) ​ ​ ​ Reclassification adjustment for (gains) ​ Realized gains on available-for-sale ​ realized in income (before-tax) ​ debt securities, net ​ Income tax effect ​ Income tax provision ​ ​ Changes in the components of accumulated other comprehensive income (loss) are as follows and are presented net of tax: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ (In Thousands) ​ ​ Accumulated ​ ​ Unrealized ​ Unfunded ​ Other ​ Gains Retirement Comprehensive ​ on Securities Obligations Income (Loss) Nine Months Ended September 30, 2020 ​ ​ ​ Balance, beginning of period ​ $ 3,511 ​ $ 180 ​ $ 3,691 Other comprehensive income during nine months ended September 30, 2020 ​ 7,865 ​ 53 ​ 7,918 Balance, end of period ​ $ 11,376 ​ $ 233 ​ $ 11,609 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Nine Months Ended September 30, 2019 ​ ​ ​ Balance, beginning of period ​ $ (4,307) ​ $ 137 ​ $ (4,170) Other comprehensive income during nine months ended September 30, 2019 ​ 8,480 ​ 150 ​ 8,630 Balance, end of period ​ $ 4,173 ​ $ 287 ​ $ 4,460 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ (In Thousands) Unrealized ​ Accumulated ​ ​ Gains ​ Unfunded ​ Other ​ ​ (Losses) ​ Retirement ​ Comprehensive ​ ​ on Securities ​ Obligations ​ Income Three Months Ended September 30, 2020 ​ ​ ​ Balance, beginning of period ​ $ 11,472 ​ $ 239 ​ $ 11,711 Other comprehensive loss during three months ended September 30, 2020 ​ (96) ​ (6) ​ (102) Balance, end of period ​ $ 11,376 ​ $ 233 ​ $ 11,609 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three Months Ended September 30, 2019 ​ ​ ​ Balance, beginning of period ​ $ 3,138 ​ $ 294 ​ $ 3,432 Other comprehensive income during three months ended September 30, 2019 ​ 1,035 ​ (7) ​ 1,028 Balance, end of period ​ $ 4,173 ​ $ 287 ​ $ 4,460 ​

CASH AND DUE FROM BANKS

CASH AND DUE FROM BANKS	9 Months Ended
	Sep. 30, 2020
CASH AND DUE FROM BANKS
CASH AND DUE FROM BANKS	5. CASH AND DUE FROM BANKS Cash and due from banks at September 30, 2020 and December 31, 2019 include the following: ​ ​ ​ ​ ​ ​ ​ ​ (In Thousands) September 30, December 31, ​ ​ 2020 ​ 2019 Cash and cash equivalents ​ $ 168,148 ​ $ 31,122 Certificates of deposit ​ 6,330 ​ 4,080 Total cash and due from banks ​ $ 174,478 ​ $ 35,202 ​ Certificates of deposit are issues by U.S. banks with original maturities greater than three months. Each certificate of deposit is fully FDIC-insured. The Corporation maintains cash and cash equivalents with certain financial institutions in excess of the FDIC insurance limit. Historically, C&N Bank has been required to maintain reserves against deposit liabilities in the form of cash and balances with the Federal Reserve Bank of Philadelphia. The reserves are based on deposit levels, account activity, and other services provided by the Federal Reserve Bank. In March 2020, the Federal Reserve Board reduced reserve requirements for U.S. banks to 0%. Accordingly, C&N Bank had no required reserves at September 30, 2020. Required reserves were $20,148,000 at December 31, 2019.

SECURITIES

SECURITIES	9 Months Ended
	Sep. 30, 2020
SECURITIES
SECURITIES	6. SECURITIES Amortized cost and fair value of available-for-sale debt securities at September 30, 2020 and December 31, 2019 are summarized as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ (In Thousands) September 30, 2020 ​ ​ ​ ​ ​ Gross ​ Gross ​ ​ ​ ​ ​ ​ ​ ​ Unrealized ​ Unrealized ​ ​ ​ ​ Amortized Holding Holding Fair ​ Cost Gains Losses Value ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Obligations of the U.S. Treasury ​ $ 12,228 ​ $ 0 ​ $ (2) ​ $ 12,226 Obligations of U.S. Government agencies ​ ​ 15,348 ​ ​ 1,007 ​ ​ 0 ​ ​ 16,355 Obligations of states and political subdivisions: ​ ​ ​ ​ Tax-exempt ​ 104,821 ​ 5,057 ​ (210) ​ 109,668 Taxable ​ 42,079 ​ 2,161 ​ (45) ​ 44,195 Mortgage-backed securities issued or guaranteed by U.S. Government agencies or sponsored agencies: ​ ​ ​ ​ Residential pass-through securities ​ 44,697 ​ 1,514 ​ 0 ​ 46,211 Residential collateralized mortgage obligations ​ 67,635 ​ 1,726 ​ (24) ​ 69,337 Commercial mortgage-backed securities ​ 39,337 ​ 3,216 ​ 0 ​ 42,553 Total available-for-sale debt securities ​ $ 326,145 ​ $ 14,681 ​ $ (281) ​ $ 340,545 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ (In Thousands) December 31, 2019 ​ ​ ​ ​ ​ Gross ​ Gross ​ ​ ​ ​ ​ Unrealized ​ Unrealized ​ ​ ​ ​ Amortized Holding Holding Fair ​ Cost Gains Losses Value ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Obligations of U.S. Government agencies ​ $ 16,380 ​ $ 620 ​ $ 0 ​ $ 17,000 Obligations of states and political subdivisions: ​ ​ ​ ​ Tax-exempt ​ 68,787 ​ 2,011 ​ (38) ​ 70,760 Taxable ​ 35,446 ​ 927 ​ (70) ​ 36,303 Mortgage-backed securities issued or guaranteed by U.S. Government agencies or sponsored agencies: ​ ​ ​ ​ Residential pass-through securities ​ 58,875 ​ 472 ​ (137) ​ 59,210 Residential collateralized mortgage obligations ​ 115,025 ​ 308 ​ (610) ​ 114,723 Commercial mortgage-backed securities ​ 47,765 ​ 1,069 ​ (107) ​ 48,727 Total available-for-sale debt securities ​ $ 342,278 ​ $ 5,407 ​ $ (962) ​ $ 346,723 ​ The following table presents gross unrealized losses and fair value of available-for-sale debt securities with unrealized loss positions that are not deemed to be other-than-temporarily impaired, aggregated by length of time that individual securities have been in a continuous unrealized loss position at September 30, 2020 and December 31, 2019: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ September 30, 2020 Less Than 12 Months 12 Months or More Total (In Thousands) ​ Fair ​ Unrealized ​ Fair ​ Unrealized ​ Fair ​ Unrealized ​ Value Losses Value Losses Value Losses Obligations of the U.S. Treasury ​ $ 12,226 ​ $ (2) ​ $ 0 ​ $ 0 ​ $ 12,226 ​ $ (2) Obligations of states and political subdivisions: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Tax-exempt ​ ​ 17,061 ​ ​ (210) ​ ​ 0 ​ ​ 0 ​ ​ 17,061 ​ ​ (210) Taxable ​ 4,856 ​ (45) ​ 0 ​ 0 ​ 4,856 ​ (45) Mortgage-backed securities issued or guaranteed by U.S. Government agencies or sponsored agencies, ​ ​ ​ ​ ​ ​ Residential collateralized mortgage obligations ​ 4,165 ​ (24) ​ 0 ​ 0 ​ 4,165 ​ (24) Total temporary impaired available for sale debt securities ​ $ 38,308 ​ $ (281) ​ $ 0 ​ $ 0 ​ $ 38,308 ​ $ (281) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, 2019 Less Than 12 Months 12 Months or More Total (In Thousands) ​ Fair ​ Unrealized ​ Fair ​ Unrealized ​ Fair ​ Unrealized ​ Value Losses Value Losses Value Losses Obligations of states and political subdivisions: ​ ​ ​ ​ ​ ​ Tax-exempt ​ $ 6,429 ​ $ (38) ​ $ 0 ​ $ 0 ​ $ 6,429 ​ $ (38) Taxable ​ 5,624 ​ (68) ​ 161 ​ (2) ​ 5,785 ​ (70) Mortgage-backed securities issued or guaranteed by U.S. Government agencies or sponsored agencies: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Residential pass-through securities ​ 9,771 ​ (35) ​ 14,787 ​ (102) ​ 24,558 ​ (137) Residential collateralized mortgage obligations ​ 31,409 ​ (195) ​ 30,535 ​ (415) ​ 61,944 ​ (610) Commercial mortgage-backed securities ​ 0 ​ 0 ​ 8,507 ​ (107) ​ 8,507 ​ (107) Total temporarily impaired available-for-sale debt securities ​ $ 53,233 ​ $ (336) ​ $ 53,990 ​ $ (626) ​ $ 107,223 ​ $ (962) ​ Gross realized gains and losses from available-for-sale debt securities were as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ (In Thousands) ​ Three Months Ended ​ Nine Months Ended ​ ​ September 30, ​ September 30, ​ September 30, ​ September 30, ​ 2020 2019 2020 2019 Gross realized gains from sales ​ $ 26 ​ $ 14 ​ $ 78 ​ $ 21 Gross realized losses from sales ​ (1) ​ (1) ​ (53) ​ (1) Net realized gains ​ $ 25 ​ $ 13 ​ $ 25 ​ $ 20 ​ The amortized cost and fair value of available-for-sale debt securities by contractual maturity are shown in the following table as of September 30, 2020. Actual maturities may differ from contractual maturities because counterparties may have the right to call or prepay obligations with or without call or prepayment penalties. ​ ​ ​ ​ ​ ​ ​ ​ (In Thousands) ​ September 30, 2020 ​ ​ Amortized ​ Fair ​ Cost Value Due in one year or less ​ $ 14,411 ​ $ 14,469 Due from one year through five years ​ 45,804 ​ 47,460 Due from five years through ten years ​ 37,479 ​ 40,088 Due after ten years ​ 76,782 ​ 80,427 Sub-total ​ 174,476 ​ 182,444 Mortgage-backed securities issued or guaranteed by U.S. Government agencies or sponsored agencies: ​ ​ Residential pass-through securities ​ 44,697 ​ 46,211 Residential collateralized mortgage obligations ​ 67,635 ​ 69,337 Commercial mortgage-backed securities ​ 39,337 ​ 42,553 Total ​ $ 326,145 ​ $ 340,545 ​ The Corporation’s mortgage-backed securities and collateralized mortgage obligations have stated maturities that may differ from actual maturities due to borrowers’ ability to prepay obligations. Cash flows from such investments are dependent upon the performance of the underlying mortgage loans and are generally influenced by the level of interest rates. In the table above, mortgage-backed securities and collateralized mortgage obligations are shown in one period. Investment securities carried at $255,312,000 at September 30, 2020 and $215,270,000 at December 31, 2019 were pledged as collateral for public deposits, trusts and certain other deposits as provided by law. See Note 9 for information concerning securities pledged to secure borrowing arrangements. Management evaluates securities for other-than-temporary impairment (OTTI) at least on a quarterly basis, and more frequently when economic or market conditions warrant such evaluation. Consideration is given to (1) the length of time and the extent to which the fair value has been less than cost, (2) the financial condition and near-term prospects of the issuer, and (3) whether the Corporation intends to sell the security or more likely than not will be required to sell the security before its anticipated recovery. A summary of information management considered in evaluating debt and equity securities for other-than-temporary impairment (“OTTI”) at September 30, 2020 is provided below. Debt Securities At September 30, 2020 and December 31, 2019, management performed an assessment for possible OTTI of the Corporation’s debt securities on an issue-by-issue basis, relying on information obtained from various sources, including publicly available financial data, ratings by external agencies, brokers and other sources. The extent of individual analysis applied to each security depended on the size of the Corporation’s investment, as well as management’s perception of the credit risk associated with each security. Based on the results of the assessment, management believes impairment of debt securities at September 30, 2020 and December 31, 2019 to be temporary. Equity Securities C&N Bank is a member of the Federal Home Loan Bank of Pittsburgh (FHLB-Pittsburgh), which is one of 11 regional Federal Home Loan Banks. As a member, C&N Bank is required to purchase and maintain stock in FHLB-Pittsburgh. There is no active market for FHLB-Pittsburgh stock, and it must ordinarily be redeemed by FHLB-Pittsburgh in order to be liquidated. C&N Bank’s investment in FHLB-Pittsburgh stock, included in Other Assets in the consolidated balance sheets, was $11,929,000 at September 30, 2020 and $10,131,000 at December 31, 2019. The Corporation evaluated its holding of FHLB-Pittsburgh stock for impairment and deemed the stock to not be impaired at September 30, 2020 and December 31, 2019. In making this determination, management concluded that recovery of total outstanding par value, which equals the carrying value, is expected. The decision was based on review of financial information that FHLB-Pittsburgh has made publicly available. The Corporation’s marketable equity security, with a carrying value of $1,003,000 at September 30, 2020 and $979,000 at December 31, 2019, consisted exclusively of one mutual fund. There was an unrealized gain on the mutual fund of $3,000 at September 30, 2020 and an unrealized loss of $21,000 at December 31, 2019. Changes in the unrealized gains or losses on this security are included in other noninterest income in the consolidated statements of income.

LOANS

LOANS	9 Months Ended
	Sep. 30, 2020
LOANS
LOANS	7. LOANS The loans receivable portfolio is segmented into residential mortgage, commercial and consumer loans. Loans outstanding at September 30, 2020 and December 31, 2019 are summarized by segment, and by classes within each segment, as follows: Summary of Loans by Type (In Thousands) ​ ​ ​ ​ ​ ​ ​ ​ ​ September 30, December 31, ​ ​ 2020 ​ 2019 Residential mortgage: ​ ​ Residential mortgage loans - first liens ​ $ 541,827 ​ $ 510,641 Residential mortgage loans - junior liens ​ 27,907 ​ 27,503 Home equity lines of credit ​ 40,143 ​ 33,638 1-4 Family residential construction ​ 29,146 ​ 14,798 Total residential mortgage ​ 639,023 ​ 586,580 Commercial: ​ ​ Commercial loans secured by real estate ​ 530,874 ​ 301,227 Commercial and industrial ​ 156,169 ​ 126,374 Small Business Administration - Paycheck Protection Program ​ ​ 163,050 ​ ​ 0 Political subdivisions ​ 47,883 ​ 53,570 Commercial construction and land ​ 41,906 ​ 33,555 Loans secured by farmland ​ 11,913 ​ 12,251 Multi-family (5 or more) residential ​ 62,330 ​ 31,070 Agricultural loans ​ 3,561 ​ 4,319 Other commercial loans ​ 17,385 ​ 16,535 Total commercial ​ 1,035,071 ​ 578,901 Consumer ​ 17,276 ​ 16,741 Total ​ 1,691,370 ​ 1,182,222 Less: allowance for loan losses ​ (10,753) ​ (9,836) Loans, net ​ $ 1,680,617 ​ $ 1,172,386 ​ In the table above, outstanding loan balances are presented net of deferred loan origination fees, net, of $7,620,000 at September 30, 2020 and $2,482,000 at December 31, 2019. The Corporation grants loans to individuals as well as commercial and tax-exempt entities. Commercial, residential and personal loans are made to customers geographically concentrated in northcentral Pennsylvania, the southern tier of New York State and southeastern Pennsylvania. Although the Corporation has a diversified loan portfolio, a significant portion of its debtors’ ability to honor their contracts is dependent on the local economic conditions within the region. There is no concentration of loans to borrowers engaged in similar businesses or activities that exceed 10% of total loans at either September 30, 2020 or December 31, 2019. On March 27, 2020, the Coronavirus Aid, Relief, and Economic Security Act (the “CARES Act”) was signed into law. The CARES Act is a $2 trillion stimulus package designed to provide relief to U.S. businesses and consumers struggling as a result of the pandemic. A provision in the CARES Act includes creation of the Paycheck Protection Program (“PPP”) through the Small Business Administration (“SBA”) and Treasury Department. Under the PPP, the Corporation, as an SBA-certified lender, provides SBA-guaranteed loans to small businesses to pay their employees, rent, mortgage interest, and utilities. PPP loans will be forgiven subject to clients’ providing documentation evidencing their compliant use of funds and otherwise complying with the terms of the program. The maximum term of PPP loans is five years, though most of the Corporation’s PPP loans have two-year terms, and the Corporation will be repaid sooner to the extent the loans are forgiven. The interest rate on PPP loans is 1%, and the Corporation has received fees from the SBA ranging between 1% and 5% per loan, depending on the size of the loan. Fees on PPP loans, net of origination costs and a market rate adjustment on PPP loans acquired from Covenant, are recognized in interest income as a yield adjustment over the term of the loans. The Corporation began accepting and processing applications for loans under the PPP on April 3, 2020. Covenant also engaged in PPP lending starting in early April 2020. As of September 30, 2020, the recorded investment in PPP loans was $163,050,000, including contractual principal balances of $166,690,000, increased by a market rate adjustment on PPP loans acquired from Covenant of $762,000 and reduced by net deferred origination fees of $4,402,000. Net deferred origination fees and the market rate adjustment on PPP loans are recognized in interest income as yield adjustments (net accretion over the term of the loans). Accretion of fees received on PPP loans, net of amortization of the market rate adjustment on PPP loans acquired from Covenant, was $467,000 in the three-month period ended September 30, 2020 and $804,000 in the nine-month period ended September 30, 2020. Section 4013 of the CARES Act provides that, from the period beginning March 1, 2020 until the earlier of December 31, 2020 or the date that is 60 days after the date on which the national emergency concerning the coronavirus (COVID-19) pandemic declared by the President of the United States under the National Emergencies Act terminates (the “applicable period”), the Corporation may elect to suspend U.S. GAAP for loan modifications related to the pandemic that would otherwise be categorized as troubled debt restructurings (TDRs) and suspend any determination of a loan modified as a result of the effects of the pandemic as being a TDR, including impairment for accounting purposes. The suspension is applicable for the term of the loan modification that occurs during the applicable period for a loan that was not more than 30 days past due as of December 31, 2019. The suspension is not applicable to any adverse impact on the credit of a borrower that is not related to the pandemic. In addition, the banking regulators and other financial regulators, on March 22, 2020 and revised April 7, 2020, issued a joint interagency statement titled the “Interagency Statement on Loan Modifications and Reporting for Financial Institutions Working with Customers Affected by the Coronavirus” that encourages financial institutions to work prudently with borrowers who are or may be unable to meet their contractual payment obligations due to the effects of the COVID-19 pandemic. Pursuant to the interagency statement, loan modifications that do not meet the conditions of Section 4013 of the CARES Act may still qualify as a modification that does not need to be accounted for as a TDR. Specifically, the agencies confirmed with the FASB staff that short-term modifications made in good faith in response to the pandemic to borrowers who were current prior to any relief are not TDRs under U.S. GAAP. This includes short-term (e.g. six months) modifications such as payment deferrals, fee waivers, extensions of repayment terms, or delays in payment that are insignificant. Borrowers considered current are those that are less than 30 days past due on their contractual payments at the time a modification program is implemented. Appropriate allowances for loan and lease losses are expected to be maintained. With regard to loans not otherwise reportable as past due, financial institutions are not expected to designate loans with deferrals granted due to the pandemic as past due because of the deferral. The interagency statement also states that during short-term pandemic-related loan modifications, these loans generally should not be reported as nonaccrual. To work with clients impacted by COVID-19, the Corporation is offering short-term loan modifications on a case-by-case basis to borrowers who were current in their payments at the inception of the loan modification program. Prior to the merger, Covenant had a similar program in place, and these modified loans have been incorporated into the Corporation’s program. These efforts have been designed to assist borrowers as they deal with the current crisis and help the Corporation mitigate credit risk. For loans subject to the program, each borrower is required to resume making regularly scheduled loan payments at the end of the modification period and the deferred amounts will be moved to the end of the loan term. Consistent with Section 4013 of the CARES Act, the modified loans have not been reported as past due, nonaccrual or as TDRs at September 30, 2020. Most of the modifications under the program became effective in March and the second quarter 2020 and provided a deferral of interest or principal and interest for 90-to-180 days. Accordingly, many of the loans for which deferrals were granted returned to full payment status prior to September 30, 2020. The quantity and balances of modifications outstanding under the program at September 30, 2020 are as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ Deferrals Remaining ​ ​ As of September 30, 2020 (Dollars in Thousands) ​ Number ​ ​ ​ ​ ​ of ​ Recorded ​ Loans Investment COVID-19-related loan modifications: ​ Residential mortgage 16 ​ $ 1,727 Commercial 28 ​ 39,912 Total 44 ​ $ 41,639 ​ The ultimate effect of COVID-19 on the local or broader economy is not known. In the first nine months of 2020, the Corporation increased the allowance for loan losses $725,000, including $79,000 in the third quarter, based on an increase in qualitative factors related to potential deterioration in economic conditions. Further, in June and September 2020, the Corporation’s credit administration and commercial lending staffs performed a review of commercial credits with “Pass” ratings in an effort to reduce the risk of failing to identify loans that should be evaluated for risk rating downgrade or a specific allowance. Updated risk ratings and specific allowances based on that review have been included in the September 30, 2020 information presented below. Because of the significant uncertainties related to the ultimate duration of the COVID-19 pandemic and its economic impact, the total impact on the Corporation’s loan portfolio is not determinable. As described in Note 2, effective July 1, 2020, the Corporation acquired loans pursuant to its acquisition of Covenant, and effective April 1, 2019, the Corporation acquired loans pursuant to the acquisition of Monument. The acquired loans were recorded at their initial fair value, with adjustments made to the gross amortized cost of loans based on movements in interest rates (market rate adjustment) and based on credit fair value adjustments on non-impaired loans and impaired loans. In the last three quarters of 2019 and first nine months of 2020, the Corporation recognized amortization and accretion of a portion of the market rate adjustments and credit adjustments on non-impaired (performing) loans, and a partial recovery of purchased credit impaired (PCI) loans. For the three-month and nine-month periods ended September 30, 2020 and 2019, adjustments to the initial market rate and credit fair value adjustments of performing loans were recognized as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ (In Thousands) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three Months Ended ​ Nine Months Ended ​ ​ September 30, ​ September 30, ​ September 30, ​ September 30, ​ ​ 2020 ​ 2019 ​ 2020 ​ 2019 Market Rate Adjustment ​ ​ ​ ​ Adjustments to gross amortized cost of loans at beginning of period ​ $ (1,103) ​ $ (1,658) ​ $ (1,415) ​ $ 0 Market rate adjustment recorded in acquisition ​ ​ 2,909 ​ ​ 0 ​ ​ 2,909 ​ ​ (1,807) (Amortization) accretion recognized in interest income ​ ​ (452) ​ ​ 110 ​ ​ (140) ​ ​ 259 Adjustments to gross amortized cost of loans at end of period ​ $ 1,354 ​ $ (1,548) ​ $ 1,354 ​ $ (1,548) Credit Adjustment on Non-impaired Loans ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Adjustments to gross amortized cost of loans at beginning of period ​ $ (878) ​ $ (1,653) ​ $ (1,216) ​ $ 0 Credit adjustment recorded in acquisition ​ ​ (7,219) ​ ​ 0 ​ ​ (7,219) ​ ​ (1,914) Accretion recognized in interest income ​ 970 ​ 260 ​ 1,308 ​ 521 Adjustments to gross amortized cost of loans at end of period ​ $ (7,127) ​ $ (1,393) ​ $ (7,127) ​ $ (1,393) ​ The following table presents the components of the purchase accounting adjustments related to the PCI loans acquired from Covenant as of July 1, 2020: ​ ​ ​ ​ ​ (In Thousands) ​ July 1, 2020 Contractually required principal at acquisition ​ $ 10,114 Non-accretable discount ​ (2,910) Expected cash flows ​ $ 7,204 ​ A summary of PCI loans held at September 30, 2020 and December 31, 2019 is as follows: ​ ​ ​ ​ ​ ​ ​ ​ (In Thousands) ​ September 30, ​ December 31, ​ 2020 2019 Outstanding balance ​ $ 10,453 ​ $ 759 Carrying amount ​ 7,447 ​ 441 ​ In the first nine months of 2020, the Corporation recorded interest income of $120,000, including $7,000 in the third quarter 2020, from the excess of proceeds received on the pay-off of PCI loans acquired from Monument in 2019 over their carrying amounts. The Corporation maintains an allowance for loan losses that represents management’s estimate of the losses inherent in the loan portfolio as of the balance sheet date and recorded as a reduction of the investment in loans. The allowance for loan losses is maintained at a level considered adequate to provide for losses that can be reasonably anticipated. Management performs a quarterly evaluation of the adequacy of the allowance. The allowance is based on the Corporation’s past loan loss experience, known and inherent risks in the portfolio, adverse situations that may affect the borrower’s ability to repay, the estimated value of any underlying collateral, composition of the loan portfolio, current economic conditions and other relevant factors. This evaluation is inherently subjective as it requires material estimates that may be susceptible to significant revision as more information becomes available. In the process of evaluating the loan portfolio, management also considers the Corporation’s exposure to losses from unfunded loan commitments. As of September 30, 2020, and December 31, 2019, management determined that no allowance for credit losses related to unfunded loan commitments was required. Transactions within the allowance for loan losses, summarized by segment and class, for the three-month and nine-month periods ended September 30, 2020 and 2019 were as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three Months Ended September 30, 2020 ​ June 30, 2020 ​ ​ ​ September 30, 2020 (In Thousands) Balance Charge-offs Recoveries Provision (Credit) Balance Allowance for Loan Losses: ​ ​ ​ ​ ​ ​ ​ ​ ​ Residential mortgage: ​ ​ ​ ​ ​ ​ ​ ​ ​ Residential mortgage loans - first liens ​ $ 3,531 ​ $ 0 ​ $ 26 ​ $ (92) ​ $ 3,465 Residential mortgage loans - junior liens ​ 365 ​ 0 ​ 0 ​ (7) ​ 358 Home equity lines of credit ​ 287 ​ 0 ​ 1 ​ 1 ​ 289 1-4 Family residential construction ​ 137 ​ 0 ​ 0 ​ 32 ​ 169 Total residential mortgage ​ 4,320 ​ 0 ​ 27 ​ (66) ​ ​ 4,281 Commercial: ​ ​ ​ ​ ​ Commercial loans secured by real estate ​ 2,426 ​ 0 ​ 0 ​ (40) ​ 2,386 Commercial and industrial ​ 2,496 ​ (2,219) ​ 0 ​ 1,974 ​ 2,251 Commercial construction and land ​ 420 ​ 0 ​ 0 ​ 20 ​ 440 Loans secured by farmland ​ 146 ​ 0 ​ 0 ​ (25) ​ 121 Multi-family (5 or more) residential ​ 163 ​ 0 ​ 0 ​ 64 ​ 227 Agricultural loans ​ 40 ​ 0 ​ 0 ​ (3) ​ 37 Other commercial loans ​ 167 ​ 0 ​ 0 ​ 0 ​ 167 Total commercial ​ 5,858 ​ (2,219) ​ 0 ​ 1,990 ​ 5,629 Consumer ​ 263 ​ (30) ​ 8 ​ 17 ​ 258 Unallocated ​ 585 ​ 0 ​ 0 ​ 0 ​ 585 Total Allowance for Loan Losses ​ $ 11,026 ​ $ (2,249) ​ $ 35 ​ $ 1,941 ​ $ 10,753 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three Months Ended September 30, 2019 ​ June 30, 2020 ​ ​ ​ September 30, 2020 (In Thousands) Balance Charge-offs Recoveries Provision (Credit) Balance Allowance for Loan Losses: ​ ​ ​ ​ ​ ​ ​ ​ ​ Residential mortgage: ​ ​ ​ ​ ​ ​ ​ ​ ​ Residential mortgage loans - first liens ​ $ 3,130 ​ $ (50) ​ $ 1 ​ $ 83 ​ $ 3,164 Residential mortgage loans - junior liens ​ 333 ​ 0 ​ 1 ​ 16 ​ 350 Home equity lines of credit ​ 280 ​ 0 ​ 1 ​ 1 ​ 282 1-4 Family residential construction ​ 220 ​ 0 ​ 0 ​ 38 ​ 258 Total residential mortgage ​ 3,963 ​ (50) ​ 3 ​ 138 ​ 4,054 Commercial: ​ ​ ​ ​ ​ Commercial loans secured by real estate ​ 1,577 ​ 0 ​ 0 ​ 928 ​ 2,505 Commercial and industrial ​ 1,246 ​ 0 ​ 3 ​ 7 ​ 1,256 Commercial construction and land ​ 152 ​ 0 ​ 0 ​ 6 ​ 158 Loans secured by farmland ​ 102 ​ 0 ​ 0 ​ (1) ​ 101 Multi-family (5 or more) residential ​ 150 ​ 0 ​ 0 ​ 5 ​ 155 Agricultural loans ​ 42 ​ 0 ​ 0 ​ 7 ​ 49 Other commercial loans ​ 119 ​ 0 ​ 0 ​ 1 ​ 120 Total commercial ​ 3,388 ​ 0 ​ 3 ​ 953 ​ 4,344 Consumer ​ 264 ​ (66) ​ 9 ​ 67 ​ 274 Unallocated ​ 585 ​ 0 ​ 0 ​ 0 ​ 585 Total Allowance for Loan Losses ​ $ 8,200 ​ $ (116) ​ $ 15 ​ $ 1,158 ​ $ 9,257 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, ​ ​ ​ ​ ​ ​ September 30, Nine Months Ended September 30, 2020 ​ 2019 ​ ​ ​ ​ ​ ​ ​ Provision ​ 2020 (In Thousands) ​ Balance ​ Charge-offs ​ Recoveries ​ (Credit) ​ Balance Allowance for Loan Losses: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Residential mortgage: ​ ​ ​ ​ ​ Residential mortgage loans - first liens ​ $ 3,405 ​ $ 0 ​ $ 28 ​ $ 32 ​ $ 3,465 Residential mortgage loans - junior liens ​ 384 ​ 0 ​ 1 ​ (27) ​ 358 Home equity lines of credit ​ 276 ​ 0 ​ 3 ​ 10 ​ 289 1-4 Family residential construction ​ 117 ​ 0 ​ 0 ​ 52 ​ 169 Total residential mortgage ​ 4,182 ​ 0 ​ 32 ​ 67 ​ 4,281 Commercial: ​ ​ ​ ​ ​ Commercial loans secured by real estate ​ 1,921 ​ 0 ​ 0 ​ 465 ​ 2,386 Commercial and industrial ​ 1,391 ​ (2,236) ​ 0 ​ 3,096 ​ 2,251 Commercial construction and land ​ 966 ​ (107) ​ 0 ​ (419) ​ 440 Loans secured by farmland ​ 158 ​ 0 ​ 0 ​ (37) ​ 121 Multi-family (5 or more) residential ​ 156 ​ 0 ​ 0 ​ 71 ​ 227 Agricultural loans ​ 41 ​ 0 ​ 0 ​ (4) ​ 37 Other commercial loans ​ 155 ​ 0 ​ 0 ​ 12 ​ 167 Total commercial ​ 4,788 ​ (2,343) ​ 0 ​ 3,184 ​ 5,629 Consumer ​ 281 ​ (100) ​ 35 ​ 42 ​ 258 Unallocated ​ 585 ​ 0 ​ 0 ​ 0 ​ 585 Total Allowance for Loan Losses ​ $ 9,836 ​ $ (2,443) ​ $ 67 ​ $ 3,293 ​ $ 10,753 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, ​ ​ ​ ​ ​ ​ September 30, Nine Months Ended September 30, 2019 ​ 2018 ​ ​ ​ ​ ​ ​ ​ Provision ​ 2019 (In Thousands) ​ Balance ​ Charge-offs ​ Recoveries ​ (Credit) ​ Balance Allowance for Loan Losses: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Residential mortgage: ​ ​ ​ ​ ​ Residential mortgage loans - first liens ​ $ 3,156 ​ $ (133) ​ $ 3 ​ $ 138 ​ $ 3,164 Residential mortgage loans - junior liens ​ 325 ​ (24) ​ 1 ​ 48 ​ 350 Home equity lines of credit ​ 302 ​ 0 ​ 5 ​ (25) ​ 282 1-4 Family residential construction ​ 203 ​ 0 ​ 0 ​ 55 ​ 258 Total residential mortgage ​ 3,986 ​ (157) ​ 9 ​ 216 ​ 4,054 Commercial: ​ ​ ​ ​ ​ ​ ​ ​ ​ Commercial loans secured by real estate ​ 2,538 ​ 0 ​ 0 ​ (33) ​ 2,505 Commercial and industrial ​ 1,553 ​ (6) ​ 6 ​ (297) ​ 1,256 Commercial construction and land ​ 110 ​ 0 ​ 0 ​ 48 ​ 158 Loans secured by farmland ​ 102 ​ 0 ​ 0 ​ (1) ​ 101 Multi-family (5 or more) residential ​ 114 ​ 0 ​ 0 ​ 41 ​ 155 Agricultural loans ​ 46 ​ 0 ​ 0 ​ 3 ​ 49 Other commercial loans ​ 128 ​ 0 ​ 0 ​ (8) ​ 120 Total commercial ​ 4,591 ​ (6) ​ 6 ​ (247) ​ 4,344 Consumer ​ 233 ​ (132) ​ 31 ​ 142 ​ 274 Unallocated ​ 499 ​ 0 ​ 0 ​ 86 ​ 585 Total Allowance for Loan Losses ​ $ 9,309 ​ $ (295) ​ $ 46 ​ $ 197 ​ $ 9,257 ​ In the evaluation of the loan portfolio, management determines two major components for the allowance for loan losses – (1) a specific component based on an assessment of certain larger relationships, mainly commercial purpose loans, on a loan-by-loan basis; and (2) a general component for the remainder of the portfolio, except for performing loans purchased from Covenant and Monument, based on a collective evaluation of pools of loans with similar risk characteristics. The general component is assigned to each pool of loans based on both historical net charge-off experience, and an evaluation of certain qualitative factors. An unallocated component is maintained to cover uncertainties that could affect management’s estimate of probable losses. The unallocated component of the allowance reflects the margin of imprecision inherent in the underlying assumptions used in the above methodologies for estimating specific and general losses in the portfolio. Performing loans acquired from Covenant and Monument are presented net of a discount for credit losses totaling $7,127,000 at September 30, 2020. Performing loans acquired from Monument are presented net of a discount of $1,216,000 at December 31, 2019. The discounts reflect estimates of the present value of credit losses based on market expectations at the acquisition dates, subsequently reduced as accretion has been recognized based on estimated and actual principal pay-downs. Purchased performing loans were excluded from the loan pools for which the general component of the allowance for loan losses was calculated. The provision for loan losses was $1,941,000 in the third quarter 2020. The provision for loan losses in the third quarter 2020 included the net impact of a charge-off of $2,219,000 on a commercial loan of $3,500,000 for which the previously-established allowance had been $1,193,000. In total, the third quarter 2020 provision included: a net charge of $909,000 related to specific loans (net charge-offs of $2,214,000 partially offset by a decrease in specific allowances on loans of $1,305,000); a charge of $834,000 from an increase in the net charge-off experience factors used to estimate the allowance; a charge of $119,000 from the impact of loan growth, excluding loans purchased from Covenant and PPP loans; and a charge of $79,000 attributable to increases in qualitative factors. There was no provision for loan losses recorded on PPP loans because the SBA guarantees the loans, subject to compliance with program requirements. In comparison, the provision in the third quarter 2019 was $1,158,000, including recognition of a specific allowance of $678,000 on a commercial real estate secured loan and a charge of $373,000 attributable to loan growth. For the first nine months of 2020, the provision for loan losses was $3,293,000, an increase in expense of $3,096,000 as compared to $197,000 recorded in the first nine months of 2019. The provision included the impact of the $2,219,000 charge-off of a commercial loan referenced above. In total, the provision for the first nine months of 2020 included a net charge of $1,976,000 related to specific loans (net decrease in specific allowances on loans of $400,000 and net charge-offs of $2,376,000); a charge of $745,000 from an increase in the net charge-off experience factors used to estimate the allowance; a charge of $725,000 attributable to increases in qualitative factors; and a credit of $153,000 from the impact of a reduction in outstanding loans, excluding PPP and recently purchased loans. The comparative provision for loan losses in the first nine months of 2019 included a benefit from eliminating specific allowances on commercial loans that were no longer considered impaired and a net credit of $347,000 related to changes in net charge-off experience factors used to calculate the allowance. In determining the larger loan relationships for detailed assessment under the specific allowance component, the Corporation uses an internal risk rating system. Under the risk rating system, the Corporation classifies problem or potential problem loans as “Special Mention,” “Substandard,” or “Doubtful” on the basis of currently existing facts, conditions and values. Substandard loans include those characterized by the distinct possibility that the Corporation will sustain some loss if the deficiencies are not corrected. Loans classified as Doubtful have all the weaknesses inherent in those classified as Substandard with the added characteristic that the weaknesses present make collection or liquidation in full, on the basis of currently existing facts, conditions and values, highly questionable and improbable. Loans that do not currently expose the Corporation to sufficient risk to warrant classification as Substandard or Doubtful, but possess weaknesses that deserve management’s close attention, are deemed to be Special Mention. Risk ratings are updated any time that conditions or the situation warrants. Loans not classified are included in the “Pass” column in the table that follows. The following tables summarize the aggregate credit quality classification of outstanding loans by risk rating as of September 30, 2020 and December 31, 2019: September 30, 2020 (In Thousands) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Purchased ​ ​ ​ ​ ​ ​ ​ Special ​ ​ ​ ​ ​ ​ ​ Credit ​ ​ ​ ​ ​ Pass ​ Mention ​ Substandard ​ Doubtful ​ Impaired ​ Total Residential Mortgage: ​ ​ ​ ​ ​ ​ Residential Mortgage loans - first liens ​ $ 525,833 ​ $ 6,331 ​ $ 9,586 ​ $ 0 ​ $ 77 ​ $ 541,827 Residential Mortgage loans - junior liens ​ 27,078 ​ 124 ​ 570 ​ 63 ​ 72 ​ 27,907 Home Equity lines of credit ​ 39,408 ​ 59 ​ 676 ​ 0 ​ 0 ​ 40,143 1-4 Family residential construction ​ 29,146 ​ 0 ​ 0 ​ 0 ​ 0 ​ 29,146 Total residential mortgage ​ 621,465 ​ 6,514 ​ 10,832 ​ 63 ​ 149 ​ 639,023 Commercial: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Commercial loans secured by real estate ​ 508,540 ​ 7,920 ​ 10,072 ​ 0 ​ 4,342 ​ 530,874 Commercial and Industrial ​ 142,181 ​ 9,495 ​ 2,905 ​ 802 ​ 786 ​ 156,169 Small Business Administration - Paycheck Protection Program ​ ​ 163,050 ​ ​ 0 ​ ​ 0 ​ ​ 0 ​ ​ 0 ​ ​ 163,050 Political subdivisions ​ 47,883 ​ 0 ​ 0 ​ 0 ​ 0 ​ 47,883 Commercial construction and land ​ 41,659 ​ 198 ​ 49 ​ 0 ​ 0 ​ 41,906 Loans secured by farmland ​ 10,231 ​ 453 ​ 1,229 ​ 0 ​ 0 ​ 11,913 Multi-family (5 or more) residential ​ 56,507 ​ 2,420 ​ 1,233 ​ 0 ​ 2,170 ​ 62,330 Agricultural loans ​ 2,959 ​ 0 ​ 602 ​ 0 ​ 0 ​ 3,561 Other commercial loans ​ 17,385 ​ 0 ​ 0 ​ 0 ​ 0 ​ 17,385 Total commercial ​ 990,395 ​ 20,486 ​ 16,090 ​ 802 ​ 7,298 ​ 1,035,071 Consumer ​ 17,184 ​ 0 ​ 92 ​ 0 ​ 0 ​ 17,276 Totals ​ $ 1,629,044 ​ $ 27,000 ​ $ 27,014 ​ $ 865 ​ $ 7,447 ​ $ 1,691,370 ​ December 31, 2019 (In Thousands) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Purchased ​ ​ ​ ​ ​ ​ ​ Special ​ ​ ​ ​ ​ ​ ​ Credit ​ ​ ​ ​ ​ Pass ​ Mention ​ Substandard ​ Doubtful ​ Impaired ​ Total Residential Mortgage: ​ ​ ​ ​ ​ ​ Residential Mortgage loans - first liens ​ $ 500,963 ​ $ 193 ​ $ 9,324 ​ $ 84 ​ $ 77 ​ $ 510,641 Residential Mortgage loans - junior liens ​ 26,953 ​ 79 ​ 471 ​ 0 ​ 0 ​ 27,503 Home equity lines of credit ​ 33,170 ​ 59 ​ 409 ​ 0 ​ 0 ​ 33,638 1-4 Family residential construction ​ 14,798 ​ 0 ​ 0 ​ 0 ​ 0 ​ 14,798 Total residential mortgage ​ 575,884 ​ 331 ​ 10,204 ​ 84 ​ 77 ​ 586,580 Commercial: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Commercial loans secured by real estate ​ 294,397 ​ 4,773 ​ 1,693 ​ 0 ​ 364 ​ 301,227 Commercial and Industrial ​ 114,293 ​ 9,538 ​ 2,543 ​ 0 ​ 0 ​ 126,374 Political subdivisions ​ 53,570 ​ 0 ​ 0 ​ 0 ​ 0 ​ 53,570 Commercial construction and land ​ 32,224 ​ 0 ​ 1,331 ​ 0 ​ 0 ​ 33,555 Loans secured by farmland ​ 6,528 ​ 4,681 ​ 1,042 ​ 0 ​ 0 ​ 12,251 Multi-family (5 or more) residential ​ 30,160 ​ 0 ​ 910 ​ 0 ​ 0 ​ 31,070 Agricultural loans ​ 3,343 ​ 335 ​ 641 ​ 0 ​ 0 ​ 4,319 Other commercial loans ​ 16,416 ​ 0 ​ 119 ​ 0 ​ 0 ​ 16,535 Total commercial ​ 550,931 ​ 19,327 ​ 8,279 ​ 0 ​ 364 ​ 578,901 Consumer ​ 16,720 ​ 0 ​ 21 ​ 0 ​ 0 ​ 16,741 Totals ​ $ 1,143,535 ​ $ 19,658 ​ $ 18,504 ​ $ 84 ​ $ 441 ​ $ 1,182,222 ​ The general component of the allowance for loan losses covers pools of loans including commercial loans not considered individually impaired, as well as smaller balance homogeneous classes of loans, such as residential real estate, home equity lines of credit and other consumer loans. Accordingly, the Corporation generally does not separately identify individual consumer and residential loans for impairment disclosures, unless such a loan: (1) is subject to a restructuring agreement, or (2) has an outstanding balance of $400,000 or more and a credit grade of Special Mention, Substandard or Doubtful. The pools of loans are evaluated for loss exposure based upon average historical net charge-off rates for each loan class, adjusted for qualitative factors (described in the following paragraphs). The time period used in determining the average historical net charge-off rate for each loan class is based on management’s evaluation of an appropriate time period that captures an historical loss experience relevant to the current portfolio. At September 30, 2020 and December 31, 2019, a five-year average net charge-off rate was used for commercial loans secured by real estate and for multi-family residential loans, while a three-year average net charge-off rate was used for all other loan classes. Qualitative risk factors are evaluated for the impact on each of the three segments (residential mortgage, commercial and consumer) within the loan portfolio. Each qualitative factor is assigned a value to reflect improving, stable or declining conditions based on management’s judgment using relevant information available at the time of the evaluation. The adjustment for qualitative factors is applied as an increase or decrease to the average net charge-off rate for each loan class within each segment. The qualitative factors used in the general component calculations are designed to address credit risk characteristics associated with each segment. The Corporation’s credit risk associated with all of the segments is significantly impacted by these factors, which include economic conditions within its market area, the Corporation’s lending policies, changes or trends in the portfolio, risk profile, competition, regulatory requirements and other factors. Loans are classified as impaired, when, based on current information and events, it is probable that the Corporation will be unable to collect the scheduled payments of principal or interest when due according to the contractual terms of the loan agreement. Factors considered by management in determining impairment include payment status, collateral value and the probability of collecting scheduled principal and interest payments when due. Loans that experience insignificant payment delays and payment shortfalls generally are not classified as impaired. Management determines the significance of payment delays and payment shortfalls on a case-by-case basis, taking into consideration all of the circumstances surrounding the loan and the borrower, including the length of the delay, the reasons for the delay, the borrower’s prior payment record and the amount of shortfall in relation to the principal and interest owed. Impairment is measured on a loan-by-loan basis for commercial loans, by the fair value of the collateral (if the loan is collateral dependent), by future cash flows discounted at the loan’s effective rate or by the loan’s observable market price. The scope of loans reviewed individually each quarter to determine if they are impaired include all commercial loan relationships greater than $200,000 and any residential mortgage or consumer loans of $400,000 or more for which there is at least one extension of credit graded Special Mention, Substandard or Doubtful. Loans that are individually reviewed, but which are determined to not be impaired, are combined with all remaining loans that are not reviewed on a specific basis, and such loans are included within larger pools of loans based on similar risk and loss characteristics for purposes of determining the general component of the allowance. The loans that have been individually reviewed, but which have been determined to not be impaired, are included in the “Collectively Evaluated” column in the table summarizing the allowance and associated loan balances as of September 30, 2020 and December 31, 2019. All loans classified as troubled debt restructurings (discussed in more detail below), all PCI loans and all commercial loan relationships less than $200,000 or other loan relationships less than $400,000 in the aggregate, but with an estimated loss of $100,000 or more, are individually evaluated for impairment. The following tables present a summary of loan balances and the related allowance for loan losses summarized by portfolio segment and class for each impairment method used as of September 30, 2020 and December 31, 2019. September 30, 2020 (In Thousands) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Loans: ​ Allowance for Loan Losses: ​ ​ ​ ​ ​ ​ ​ ​ Purchased ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Individually ​ Collectively ​ Performing ​ ​ ​ ​ Individually ​ Collectively ​ ​ ​ Evaluated Evaluated Loans Totals Evaluated Evaluated Totals Residential mortgage: ​ ​ ​ ​ ​ ​ ​ Residential mortgage loans - first liens ​ $ 2,238 ​ $ 380,348 ​ $ 159,241 ​ $ 541,827 ​ $ 9 ​ $ 3,456 ​ $ 3,465 Residential mortgage loans - junior liens ​ 424 ​ 21,777 ​ 5,706 ​ 27,907 ​ 161 ​ 197 ​ 358 Home equity lines of credit ​ 85 ​ 30,368 ​ 9,690 ​ 40,143 ​ 0 ​ 289 ​ 289 1-4 Family residential construction ​ 0 ​ 18,946 ​ 10,200 ​ 29,146 ​ 0 ​ 169 ​ 169 Total residential mortgage ​ 2,747 ​ 451,439 ​ 184,837 ​ 639,023 ​ 170 ​ 4,111 ​ 4,281 Commercial: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Commercial loans secured by real estate ​ 12,242 ​ 190,045 ​ 328,587 ​ 530,874 ​ 410 ​ 1,976 ​ 2,386 Commercial and industrial ​ 1,367 ​ 119,401 ​ 35,401 ​ 156,

GOODWILL AND OTHER INTANGIBLE A

GOODWILL AND OTHER INTANGIBLE ASSETS	9 Months Ended
	Sep. 30, 2020
GOODWILL AND OTHER INTANGIBLE ASSETS
GOODWILL AND OTHER INTANGIBLE ASSETS	8. GOODWILL AND OTHER INTANGIBLE ASSETS Information related to core deposit intangibles, net are as follows: ​ ​ ​ ​ ​ ​ ​ ​ (In Thousands) September 30, December 31, ​ ​ 2020 ​ 2019 Gross amount ​ $ 6,639 ​ $ 3,495 Accumulated amortization ​ (2,580) ​ (2,248) Net ​ $ 4,059 ​ $ 1,247 ​ Amortization expense related to core deposit intangibles is included in other noninterest expense in the consolidated statements of income, as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ (In Thousands) ​ Three Months Ended ​ Nine Months Ended ​ ​ September 30, ​ September 30, ​ September 30, ​ September 30, ​ 2020 2019 2020 2019 Amortization expense ​ $ 208 $ 74 $ 332 $ 149 ​ Amortization expense of $208,000 in the third quarter 2020 and $332,000 in the nine-month period ended September 30, 2020 included $146,000 related to the Covenant acquisition as described in Note 2. Goodwill represents the excess of the cost of acquisitions over the fair value of the net assets acquired. Changes in the carrying amount of goodwill are summarized in the following table: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ (In Thousands) Three Months Ended ​ Nine Months Ended ​ September 30, ​ September 30, ​ September 30, ​ September 30, ​ 2020 ​ 2019 ​ 2020 ​ 2019 Balance, beginning of period $ 28,388 ​ $ 28,618 ​ $ 28,388 ​ $ 11,942 Goodwill arising in business combination ​ 24,138 ​ ​ 0 ​ ​ 24,138 ​ ​ 16,676 Balance, end of period $ 52,526 ​ $ 28,618 ​ $ 52,526 ​ $ 28,618 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Goodwill is tested at least annually at December 31 for impairment, or more often if events or circumstances indicate there may be impairment. In 2020, the COVID-19 pandemic led to government-imposed emergency restrictions that have had significant adverse effects on macroeconomic conditions. The ultimate effect of COVID-19 on the local or broader economy is not known nor is the ultimate length of the restrictions described and any accompanying effects. Broader US stock market valuations decreased significantly in the latter part of the first quarter and early second quarter 2020 but have bounced back to levels consistent with, or higher than, pre-COVID-19 levels. Bank stock valuations have lagged, reflecting market concerns about potential credit losses and the effects of a substantial drop in interest rates. The closing price (last trade) of the Corporation’s common stock on September 30, 2020 was $16.24 per share. The average closing price for the last 10 trading days of the third quarter 2020 (September 17 through September 30, 2020) was $15.96 per share. In comparison, the average closing price of the Corporation’s common stock in the fourth quarter 2019 was $26.05 per share and the book value of the Corporation’s common stock at September 30, 2020 was $18.65 per share. In light of the decline in the Corporation’s stock price triggered by the adverse circumstances resulting from COVID-19, management determined it necessary to evaluate goodwill for impairment at September 30, 2020. In evaluating goodwill for impairment, the Corporation performed a quantitative assessment and determined that the fair value of its reporting unit, its community banking operation, exceeded its carrying amount, including goodwill, at September 30, 2020. In reaching this conclusion, management estimated the fair value of the reporting unit to be $352.7 million, which exceeded the Corporation’s stockholders’ equity (book value) of $296.3 million by 19%. Management calculated the estimated fair value of the reporting unit based on the weighted average of values determined using the following valuation approaches: ​ ● Income approach - This approach was given a weighting of 60% , and resulted in a value of $375.3 million, which was the mid-point of a range of $340.0 million to $410.7 million. This approach is based on estimated cash flows to an acquirer based on anticipated future results assuming a change of control transaction. This approach assumes an acquirer will achieve an expected base level of earnings, achieve integration cost savings and incur certain transaction costs. The analysis then calculates the present value of all excess cash flows generated (above a minimum tangible capital ratio), plus the present value of a terminal value, to determine the fair value. ​ ● Change of control premium to the Corporation’s September 30, 2020 market price – This approach was given a weighting of 20% , and resulted in a valuation of $329.0 million, which was the mid-point of a range of $322.6 million to $335.5 million. The premium to market approach calculates the change of control price a market participant would pay for a firm by adding a change of control premium to the Corporation’s recent trading value. Management used a subjectively determined range of control premiums from 25% to 30% . This range of control premiums was in line with data for publicly traded banks and thrifts comparing control premiums paid, as compared to target valuations one-month and three-months prior to deal announcements, for the annual periods 2017 through 2019 and the nine months ended September 30, 2020. ​ ● Change of control premium to the Corporation’s volume-weighted average market price – Similar to the approach described immediately above, management applied a subjectively determined 25% to 30% range of control premiums to the 5-day average volume-weighted average trading price for the period September 23, 2020 through September 29, 2020. This approach was given a weighting of 20% , and resulted in a valuation of $319.2 million, which was the mid-point of a range of $312.7 million to $325.7 million. ​ Key assumptions used in the calculation of estimated fair value include: ​ ● The valuation techniques utilized. Management used the valuation techniques identified above, which represent a range of techniques commonly used to estimate the value of a company using either an income-based or a market-based approach. ​ ● The weighting assigned to each of the valuation approaches considered. Management believes a market participant would apply a significant weighting to the income approach ( 60% ) since it incorporates specific expected operating cash flows and merger synergies to be generated by the reporting unit. Management assigned equal ( 20% ) weightings to the comparison of change of control premiums from comparable transactions to the Corporation’s recent trading price. Management believes market participants would typically consider current trading values, and recent pricing of comparable transactions, in considering an acquisition price, but that the weighting should be lower than the income approach because it does not incorporate company-specific cash flow projections or merger synergies. Management considered use of a guideline market-based approach based on recent, selected sale transactions with consideration of relevant price-to-tangible book value and price-to-earnings multiples; however, given the general lack of bank merger and acquisition transactions since the COVID-19 epidemic started, and in particular, lack of transactions in which the seller’s total assets exceeded $2 billion, management did not believe this method would produce a relevant indication of value for the goodwill impairment analysis at September 30, 2020. ​ ● In applying the income approach, key assumptions included: estimated earnings for each of the next 5 years , which reflected the effects of assumptions related to deposit and loan growth, loan losses, changes in noninterest revenues and expenses and other cash flows; reduction in operating expenses to be realized by an acquirer (integration synergies) of 20% ; the level of post-acquisition capital the acquirer would be required to maintain, of 9% of tangible assets; the discount rates applied to projected cash flows, which ranged from 12% to 14% with a midpoint of 13% used in determining the midpoint valuation; and the capitalization rates applied to terminal cash flows, which ranged from 9% to 11% with a midpoint of 10% used in determining the midpoint valuation. ​ All of the key assumptions identified above are significant and subjective, and changes in those assumptions would result in a different calculation of estimated fair value of the reporting unit. ​ Based on the results of its impairment analysis, the Corporation determined that the fair value of its only reporting unit, its community banking operation, exceeded its book value, and there was no goodwill impairment as of September 30, 2020. ​

BORROWED FUNDS AND SUBORDINATED

BORROWED FUNDS AND SUBORDINATED DEBT	9 Months Ended
	Sep. 30, 2020
BORROWED FUNDS AND SUBORDINATED DEBT
BORROWED FUNDS AND SUBORDINATED DEBT	9. BORROWED FUNDS AND SUBORDINATED DEBT Short-term borrowings (initial maturity within one year) include the following: ​ ​ ​ ​ ​ ​ ​ ​ (In Thousands) September 30, December 31, ​ ​ 2020 ​ 2019 FHLB-Pittsburgh borrowings ​ $ 38,557 ​ $ 84,292 Customer repurchase agreements ​ 2,313 ​ 1,928 Total short-term borrowings ​ $ 40,870 ​ $ 86,220 ​ Short-term borrowings from FHLB-Pittsburgh are as follows: ​ ​ ​ ​ ​ ​ ​ ​ (In Thousands) September 30, December 31, ​ ​ 2020 ​ 2019 Overnight borrowing ​ $ 0 ​ $ 64,000 Other short-term advances ​ 38,557 ​ 20,292 Total short-term FHLB-Pittsburgh borrowings ​ $ 38,557 ​ $ 84,292 ​ At September 30, 2020, other short-term advances included ten advances totaling $38,400,000 which are presented in the table inclusive of the unaccreted purchase accounting adjustment, with a weighted-average effective interest rate of 0.58%. The Corporation had available credit with other correspondent banks totaling $45,000,000 at September 30, 2020 and December 31, 2019. These lines of credit are primarily unsecured. No amounts were outstanding at September 30, 2020 or December 31, 2019. The Corporation has a line of credit with the Federal Reserve Bank of Philadelphia’s Discount Window. At September 30, 2020, the Corporation had available credit in the amount of $14,654,000 on this line with no outstanding advances. At December 31, 2019, the Corporation had available credit in the amount of $14,244,000 on this line with no outstanding advances. As collateral for this line, the Corporation has pledged available-for-sale securities with a carrying value of $15,124,000 at September 30, 2020 and $14,728,000 at December 31, 2019. The Corporation engages in repurchase agreements with certain commercial customers. These agreements provide that the Corporation sells specified investment securities to the customers on an overnight basis and repurchases them on the following business day. The weighted average rate paid by the Corporation on customer repurchase agreements was 0.10% at September 30, 2020 and December 31, 2019. The carrying value of the underlying securities was $2,350,000 at September 30, 2020 and $1,951,000 at December 31, 2019. The FHLB-Pittsburgh loan facility is collateralized by qualifying loans secured by real estate with a book value totaling $1,062,779,000 at September 30, 2020 and $778,877,000 at December 31, 2019. Also, the FHLB-Pittsburgh loan facility requires the Corporation to invest in established amounts of FHLB-Pittsburgh stock. The carrying values of the Corporation’s holdings of FHLB-Pittsburgh stock (included in other assets in the consolidated balance sheets) were $11,929,000 at September 30, 2020 and $10,131,000 at December 31, 2019. In addition to the short-term and long-term borrowings shown in these tables, there was a $400,000 letter of credit from FHLB-Pittsburgh outstanding at September 30, 2020. The Corporation’s total credit facility with FHLB-Pittsburgh was $782,434,000 at September 30, 2020, including an unused (available) amount of $641,753,000. At December 31, 2019, the Corporation’s total credit facility with FHLB-Pittsburgh was $552,546,000, including an unused (available) amount of $416,122,000. LONG-TERM BORROWINGS Long-term borrowings from FHLB-Pittsburgh are as follows: ​ ​ ​ ​ ​ ​ ​ ​ (In Thousands) September 30, December 31, ​ ​ 2020 ​ 2019 Loans matured in 2020 with a weighted-average rate of 2.71% ​ $ 0 ​ $ 5,069 Loans maturing in 2021 with a weighted-average effective rate of 1.36% ​ ​ 26,124 ​ ​ 6,000 Loans maturing in 2022 with a weighted-average effective rate of 1.40% ​ ​ 35,740 ​ ​ 20,000 Loans maturing in 2023 with a weighted-average effective rate of ​ ​ 27,750 ​ ​ 20,500 Loans maturing in 2024 with a weighted-average effective rate of 1.06% ​ ​ 12,683 ​ ​ 0 Loan maturing in 2025 with a rate of 4.91% ​ 490 ​ 558 Total long-term FHLB-Pittsburgh borrowings ​ $ 102,787 ​ $ 52,127 ​ SUBORDINATED DEBT At September 30, 2020 and December 31, 2019, outstanding subordinated debt agreements are as follows: ​ ​ ​ ​ ​ ​ ​ ​ (In Thousands) September 30, December 31, ​ ​ 2020 ​ 2019 Agreements with an aggregate par value of $8,000,000; bearing interest at 6.25%; maturing in June 2026 and redeemable at par in June 2021 ​ $ 8,042 ​ $ 0 Agreements with an aggregate par value of $6,500,000; bearing interest at 6.50%; maturing in April 2027 and redeemable at par in April 2022 ​ ​ 6,500 ​ ​ 6,500 Agreement with a par value of $2,000,000; bearing interest at 6.50%; maturing in July 2027 and redeemable at par in July 2022 ​ ​ 2,030 ​ ​ 0 Total carrying value ​ $ 16,572 ​ $ 6,500 ​

STOCK-BASED COMPENSATION PLANS

STOCK-BASED COMPENSATION PLANS	9 Months Ended
	Sep. 30, 2020
STOCK-BASED COMPENSATION PLANS
STOCK-BASED COMPENSATION PLANS	10. STOCK-BASED COMPENSATION PLANS The Corporation has a Stock Incentive Plan for a selected group of officers and an Independent Directors Stock Incentive Plan. The 2020 restricted stock awards under the Stock Incentive Plan vest ratably over three years, and the 2020 restricted stock issued under the Independent Directors Stock Incentive Plan vests over one year. Following is a summary of restricted stock awards granted in the nine-month period ended September 30, 2020: ​ ​ ​ ​ ​ ​ ​ (Dollars in Thousands) ​ Aggregate ​ ​ ​ ​ Grant ​ ​ ​ ​ Date ​ ​ Number of ​ Fair ​ ​ Shares ​ Value 1st quarter 2020 awards: ​ ​ ​ ​ ​ Time-based awards to independent directors ​ 7,580 ​ $ 200 Time-based awards to employees ​ 30,381 ​ ​ 801 Performance-based awards to employees ​ 17,903 ​ ​ 343 3rd quarter 2020 awards, ​ ​ ​ ​ ​ Time-based awards to employees ​ 15,076 ​ ​ 300 Total ​ 70,940 ​ $ 1,644 ​ Compensation cost related to restricted stock is recognized based on the fair value of the stock at the grant date over the vesting period, adjusted for estimated and actual forfeitures. Total annual stock-based compensation for the year ending December 31, 2020 is estimated to total $920,000. Total stock-based compensation expense attributable to restricted stock awards amounted to $248,000 in the third quarter 2020 and $215,000 in the third quarter 2019. Total stock-based compensation expense attributable to restricted stock awards amounted to $672,000 in the nine-month period ended September 30, 2020 and $646,000 in the nine-month period ended September 30, 2019.

CONTINGENCIES

CONTINGENCIES	9 Months Ended
	Sep. 30, 2020
CONTINGENCIES
CONTINGENCIES	11. CONTINGENCIES In the normal course of business, the Corporation may be subject to pending and threatened lawsuits in which claims for monetary damages could be asserted. In management’s opinion, the Corporation’s financial position and results of operations would not be materially affected by the outcome of such pending legal proceedings.

DERIVATIVE FINANCIAL INSTRUMENT

DERIVATIVE FINANCIAL INSTRUMENTS	9 Months Ended
	Sep. 30, 2020
DERIVATIVE FINANCIAL INSTRUMENTS
DERIVATIVE FINANCIAL INSTRUMENTS	12. DERIVATIVE FINANCIAL INSTRUMENTS In connection with the acquisition of Covenant, the Corporation became a party to derivative financial instruments. These financial instruments consist of interest rate swap agreements which contain master netting and collateral provisions designed to protect the party at risk. At July 1, 2020, the aggregate notional amount of commercial loans subject to interest rate swaps was $137,176,000, and the Corporation recorded the fair value of the derivative asset of $7,932,000 and the fair value of the derivative liability of $7,932,000. Interest rate swaps with commercial banking customers were executed to facilitate their respective risk management strategies. Under the terms of these arrangements, the commercial banking customers effectively exchanged their floating interest rate exposures on loans from Covenant (acquired by the Corporation) into fixed interest rate exposures. Those interest rate swaps have been simultaneously economically hedged by offsetting interest rate swaps that Covenant had in place with a third party (assumed by the Corporation), such that the Corporation has effectively exchanged its fixed interest rate exposures for floating rate exposures. These derivatives are not designated as hedges and are not speculative. Rather, these derivatives result from a service provided to certain customers. As the interest rate swaps associated with this program do not meet the hedge accounting requirements, changes in the fair value of both the customer swaps and the offsetting swaps are recognized directly in earnings. At September 30, 2020, the aggregate notional amount of interest rate swaps was $136,620,000. There were no interest rate swaps originated in the third quarter 2020. There were no gross amounts of interest rate swap-related assets and liabilities not offset in the consolidated balance sheets at September 30, 2020. In the third quarter 2020, the net impact on the consolidated statements of income from interest rate swaps was a reduction in interest income on loans of $351,000. The table below presents the fair value of the Corporation’s derivative financial instruments as well as their classification on the consolidated balance sheets at September 30, 2020: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ (In Thousands) At September 30, 2020 ​ Asset Derivatives ​ Liability Derivatives ​ Notional ​ Fair ​ Notional ​ Fair ​ Amount ​ Value (1) ​ Amount ​ Value (2) Interest rate swap agreements $ 68,310 ​ $ 7,478 ​ $ 68,310 ​ $ 7,478 ​ (1) Included in other assets in the consolidated balance sheets. (2) Included in accrued interest and other liabilities in the consolidated balance sheets. The Corporation’s agreement with its derivative counterparty provides that if the Corporation defaults on any of its indebtedness, including default where repayment of the indebtedness has not been accelerated by the lender, then the Corporation could also be declared in default on its derivative obligations. Further, if the Corporation were to fail to maintain its status as a well or adequately capitalized institution, then the counterparty could terminate the derivative positions and the Corporation would be required to settle its obligations under the agreements. Available-for-sale securities with a carrying value of $12,226,000 were pledged as collateral against the Corporation’s liability related to the interest rate swaps at September 30, 2020.

FAIR VALUE MEASUREMENTS AND FAI

FAIR VALUE MEASUREMENTS AND FAIR VALUES OF FINANCIAL INSTRUMENTS	9 Months Ended
	Sep. 30, 2020
FAIR VALUE MEASUREMENTS AND FAIR VALUES OF FINANCIAL INSTRUMENTS
FAIR VALUE MEASUREMENTS AND FAIR VALUES OF FINANCIAL INSTRUMENTS	13. FAIR VALUE MEASUREMENTS AND FAIR VALUES OF FINANCIAL INSTRUMENTS The Corporation measures certain assets and liabilities at fair value. Fair value is defined as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. FASB topic 820, “Fair Value Measurements and Disclosures” establishes a framework for measuring fair value that includes a hierarchy used to classify the inputs used in measuring fair value. The hierarchy prioritizes the inputs used in determining valuations into three levels. The level in the fair value hierarchy within which the fair value measurement falls is determined based on the lowest level input that is significant to the fair value measurement. The levels of the fair value hierarchy are as follows: Level 1 – Fair value is based on unadjusted quoted prices in active markets that are accessible to the Corporation for identical assets or liabilities. These generally provide the most reliable evidence and are used to measure fair value whenever available. Level 2 – Fair value is based on significant inputs, other than Level 1 inputs, that are observable either directly or indirectly for substantially the full term of the asset or liability through corroboration with observable market data. Level 2 inputs include quoted market prices in active markets for similar assets or liabilities, quoted market prices in markets that are not active for identical or similar assets or liabilities and other observable inputs. Level 3 – Fair value is based on significant unobservable inputs. Examples of valuation methodologies that would result in Level 3 classification include option pricing models, discounted cash flows and other similar techniques. The Corporation monitors and evaluates available data relating to fair value measurements on an ongoing basis and recognizes transfers among the levels of the fair value hierarchy as of the date of an event or change in circumstances that affects the valuation method chosen. Examples of such changes may include the market for a particular asset or liability becoming active or inactive, changes in the availability of quoted prices, or changes in the availability of other market data. At September 30, 2020 and December 31, 2019, assets and liabilities measured at fair value and the valuation methods used are as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ September 30, 2020 ​ Quoted ​ ​ ​ ​ ​ ​ ​ ​ Prices ​ Other ​ ​ ​ ​ ​ ​ ​ ​ in Active ​ Observable ​ Unobservable ​ Total ​ ​ Markets ​ Inputs ​ Inputs ​ Fair (In Thousands) ​ (Level 1) ​ (Level 2) ​ (Level 3) ​ Value Recurring fair value measurements, assets: ​ ​ ​ ​ AVAILABLE-FOR-SALE DEBT SECURITIES: ​ ​ ​ ​ Obligations of the U.S. Treasury ​ $ 0 ​ $ 12,226 ​ $ 0 ​ $ 12,226 Obligations of U.S. Government agencies ​ ​ 0 ​ ​ 16,355 ​ ​ 0 ​ ​ 16,355 Obligations of states and political subdivisions: ​ ​ ​ ​ ​ ​ Tax-exempt ​ 0 ​ 109,668 ​ 0 ​ 109,668 Taxable ​ 0 ​ 44,195 ​ 0 ​ 44,195 Mortgage-backed securities issued or guaranteed by U.S. Government agencies or sponsored agencies: ​ ​ ​ ​ Residential pass-through securities ​ 0 ​ 46,211 ​ 0 ​ 46,211 Residential collateralized mortgage obligations ​ 0 ​ 69,337 ​ 0 ​ 69,337 Commercial mortgage-backed securities ​ 0 ​ 42,553 ​ 0 ​ 42,553 Total available for sale debt Securities ​ 0 ​ 340,545 ​ 0 ​ 340,545 Marketable equity security ​ 1,003 ​ 0 ​ 0 ​ 1,003 Servicing rights ​ 0 ​ 0 ​ 1,437 ​ 1,437 Interest rate swap agreements, assets ​ ​ 0 ​ ​ 7,478 ​ ​ 0 ​ ​ 7,478 Total recurring fair value measurements, assets ​ $ 1,003 ​ $ 348,023 ​ $ 1,437 ​ $ 350,463 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Recurring fair value measurements, liabilities, ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Interest rate swap agreements, liabilities ​ $ 0 ​ $ 7,478 ​ $ 0 ​ $ 7,478 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Nonrecurring fair value measurements, assets: ​ ​ ​ ​ Impaired loans with a valuation allowance ​ ​ 0 ​ ​ 0 ​ ​ 8,085 ​ ​ 8,085 Valuation allowance ​ 0 ​ 0 ​ (651) ​ (651) Impaired loans, net ​ 0 ​ 0 ​ 7,434 ​ 7,434 Foreclosed assets held for sale ​ 0 ​ 0 ​ 2,369 ​ 2,369 Total nonrecurring fair value measurements, assets ​ $ 0 ​ $ 0 ​ $ 9,803 ​ $ 9,803 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, 2019 ​ Quoted ​ ​ ​ ​ ​ ​ ​ ​ Prices ​ Other ​ ​ ​ ​ ​ ​ ​ ​ in Active ​ Observable ​ Unobservable ​ Total ​ ​ Markets ​ Inputs ​ Inputs ​ Fair (In Thousands) ​ (Level 1) ​ (Level 2) ​ (Level 3) ​ Value Recurring fair value measurements, assets: ​ ​ ​ ​ AVAILABLE-FOR-SALE DEBT SECURITIES: ​ ​ ​ ​ Obligations of U.S. Government agencies ​ $ 0 ​ $ 17,000 ​ $ 0 ​ $ 17,000 Obligations of states and political subdivisions: ​ ​ ​ ​ Tax-exempt ​ 0 ​ 70,760 ​ 0 ​ 70,760 Taxable ​ 0 ​ 36,303 ​ 0 ​ 36,303 Mortgage-backed securities issued or guaranteed by U.S. Government agencies or sponsored agencies: ​ ​ ​ ​ Residential pass-through securities ​ 0 ​ 59,210 ​ 0 ​ 59,210 Residential collateralized mortgage obligations ​ 0 ​ 114,723 ​ 0 ​ 114,723 Commercial mortgage-backed securities ​ 0 ​ 48,727 ​ 0 ​ 48,727 Total available-for-sale debt securities ​ 0 ​ 346,723 ​ 0 ​ 346,723 Marketable equity security ​ 979 ​ 0 ​ 0 ​ 979 Servicing rights ​ 0 ​ 0 ​ 1,277 ​ 1,277 Total recurring fair value measurements ​ $ 979 ​ $ 346,723 ​ $ 1,277 ​ $ 348,979 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Nonrecurring fair value measurements, assets ​ ​ ​ ​ Impaired loans with a valuation allowance ​ $ 0 ​ $ 0 ​ $ 3,375 ​ $ 3,375 Valuation allowance ​ 0 ​ 0 ​ (1,051) ​ (1,051) Impaired loans, net ​ 0 ​ 0 ​ 2,324 ​ 2,324 Foreclosed assets held for sale ​ 0 ​ 0 ​ 2,886 ​ 2,886 Total nonrecurring fair value measurements, assets ​ $ 0 ​ $ 0 ​ $ 5,210 ​ $ 5,210 ​ Management’s evaluation and selection of valuation techniques and the unobservable inputs used in determining the fair values of assets valued using Level 3 methodologies include sensitive assumptions. Other market participants might use substantially different assumptions, which could result in calculations of fair values that would be substantially different than the amount calculated by management. At September 30, 2020 and December 31, 2019, quantitative information regarding valuation techniques and the significant unobservable inputs used for assets measured on a recurring basis using unobservable inputs (Level 3 methodologies) are as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Fair Value at ​ ​ ​ 9/30/2020 ​ Valuation ​ Unobservable ​ ​ ​ ​ Method or Value As of Asset ​ (In Thousands) ​ Technique ​ Input(s) ​ ​ ​ ​ 9/30/2020 Servicing rights ​ $ 1,437 Discounted cash flow Discount rate ​ 12.50 % Rate used through modeling period ​ ​ ​ ​ ​ Loan prepayment speeds ​ ​ 354.00 % Weighted-average PSA ​ ​ ​ ​ ​ Servicing fees ​ ​ 0.25 % of loan balances ​ ​ ​ ​ ​ ​ ​ ​ ​ 4.00 % of payments are late ​ ​ ​ ​ ​ ​ ​ ​ ​ 5.00 % late fees assessed ​ ​ ​ ​ ​ ​ ​ ​ ​ $ 1.94 ​ Miscellaneous fees per account per month ​ ​ ​ ​ ​ Servicing costs ​ $ 6.00 ​ Monthly servicing cost per account ​ ​ ​ ​ ​ ​ ​ ​ ​ $ 24.00 ​ Additional monthly servicing cost per loan on loans more than 30 days delinquent ​ ​ ​ ​ ​ ​ ​ ​ ​ 1.50 % of loans more than 30 days delinquent ​ ​ ​ ​ ​ ​ ​ ​ 3.00 % annual increase in servicing costs ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Fair Value at ​ ​ ​ 12/31/2019 ​ Valuation ​ Unobservable ​ ​ ​ ​ Method or Value As of Asset ​ (In Thousands) ​ Technique ​ Input(s) ​ ​ ​ ​ 12/31/2019 Servicing rights ​ $ 1,277 Discounted cash flow Discount rate ​ 12.50 % Rate used through modeling period ​ ​ ​ ​ ​ Loan prepayment speeds ​ ​ 183.00 % Weighted-average PSA ​ ​ ​ ​ ​ Servicing fees ​ ​ 0.25 % of loan balances ​ ​ ​ ​ ​ ​ ​ ​ ​ 4.00 % of payments are late ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 5.00 % late fees assessed ​ ​ ​ ​ ​ ​ ​ ​ ​ $ 1.94 Miscellaneous fees per account per month ​ ​ ​ ​ ​ ​ Servicing costs ​ $ 6.00 ​ Monthly servicing cost per account ​ ​ ​ ​ ​ ​ ​ ​ ​ $ 24.00 ​ Additional monthly servicing cost per loan on loans more than 30 days delinquent ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 1.50 % of loans more than 30 days delinquent ​ ​ ​ ​ ​ ​ ​ ​ 3.00 % annual increase in servicing costs ​ The fair value of servicing rights is affected by expected future interest rates. Increases (decreases) in future expected interest rates tend to increase (decrease) the fair value of the Corporation’s servicing rights because of changes in expected prepayment behavior by the borrowers on the underlying loans. Unrealized gains (losses) in fair value of servicing rights are included in Loan servicing fees, net, in the unaudited consolidated statements of income. Following is a reconciliation of activity for Level 3 assets measured at fair value on a recurring basis: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ (In Thousands) ​ Three Months Ended ​ Nine Months Ended ​ September 30, 2020 September 30, 2019 September 30, 2020 September 30, 2019 Servicing rights balance, beginning of period ​ $ 1,284 ​ $ 1,322 ​ $ 1,277 ​ $ 1,404 Originations of servicing rights ​ 374 ​ 70 ​ 777 ​ 136 Unrealized losses included in earnings ​ (221) ​ (164) ​ (617) ​ (312) Servicing rights balance, end of period ​ $ 1,437 ​ $ 1,228 ​ $ 1,437 ​ $ 1,228 ​ Loans are classified as impaired when, based on current information and events, it is probable that the Corporation will be unable to collect the scheduled payments of principal or interest when due according to the contractual terms of the loan agreement. Foreclosed assets held for sale consist of real estate acquired by foreclosure. For impaired commercial loans secured by real estate and foreclosed assets held for sale, estimated fair values are determined primarily using values from third-party appraisals. Appraised values are discounted to arrive at the estimated selling price of the collateral, which is considered to be the estimated fair value. The discounts also include estimated costs to sell the property. For commercial and industrial and agricultural loans secured by non-real estate collateral, such as accounts receivable, inventory and equipment, estimated fair values are determined based on the borrower’s financial statements, inventory reports, accounts receivable aging data or equipment appraisals or invoices. Indications of value from these sources are generally discounted based on the age of the financial information or the quality of the assets. At September 30, 2020 and December 31, 2019, quantitative information regarding valuation techniques and the significant unobservable inputs used for nonrecurring fair value measurements using Level 3 methodologies are as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ (In Thousands, Except ​ ​ ​ ​ Weighted Percentages) ​ ​ ​ ​ Valuation ​ ​ ​ ​ ​ Average ​ ​ Balance at ​ Allowance at ​ Fair Value at ​ Valuation ​ Unobservable ​ Discount at Asset ​ 9/30/2020 ​ 9/30/2020 ​ 9/30/2020 ​ Technique ​ Inputs ​ 9/30/2020 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Impaired loans: ​ ​ ​ ​ Residential mortgage loans - first and junior liens ​ $ 1,516 ​ $ 170 ​ $ 1,346 Sales comparison Discount to appraised value 31 % Commercial: ​ ​ ​ ​ ​ ​ ​ Commercial loans secured by real estate ​ 6,497 ​ 409 ​ 6,088 Sales comparison Discount to appraised value 38 % Commercial and industrial ​ 72 ​ 72 ​ 0 Liquidation of assets Discount to appraised value 100 % Total impaired loans ​ $ 8,085 ​ $ 651 ​ $ 7,434 ​ Foreclosed assets held for sale - real estate: ​ ​ ​ ​ Residential (1-4 family) ​ $ 104 ​ $ 0 ​ $ 104 Sales comparison Discount to appraised value 47 % Commercial real estate ​ 2,265 ​ 0 ​ 2,265 Sales comparison Discount to appraised value 34 % Total foreclosed assets held for sale ​ $ 2,369 ​ $ 0 ​ $ 2,369 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ (In Thousands, Except ​ ​ ​ ​ Weighted Percentages) ​ ​ ​ Valuation ​ ​ ​ ​ ​ Average ​ ​ Balance at ​ Allowance at ​ Fair Value at ​ Valuation ​ Unobservable ​ Discount at Asset ​ 12/31/2019 ​ 12/31/2019 ​ 12/31/2019 ​ Technique ​ Inputs ​ 12/31/2019 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Impaired loans: ​ ​ ​ ​ Residential mortgage loans - first and junior liens ​ $ 732 ​ $ 176 ​ $ 556 Sales comparison Discount to appraised value 30 % Commercial: ​ ​ ​ ​ Commercial and industrial ​ 106 ​ 89 ​ 17 Sales comparison Discount to appraised value 69 % Commercial and industrial ​ 798 ​ 60 ​ 738 Liquidation of accounts receivable Discount to borrower's financial statement value 15 % Commercial construction and land ​ 1,261 ​ 678 ​ 583 Sales comparison Discount to appraised value 47 % Loans secured by farmland ​ 478 ​ 48 ​ 430 Sales comparison Discount to appraised value 46 % Total impaired loans ​ $ 3,375 ​ $ 1,051 ​ $ 2,324 ​ Foreclosed assets held for sale - real estate: ​ ​ ​ ​ Residential (1-4 family) ​ $ 292 ​ $ 0 ​ $ 292 Sales comparison Discount to appraised value 46 % Land ​ 70 ​ 0 ​ 70 Sales comparison Discount to appraised value 53 % Commercial real estate ​ 2,524 ​ 0 ​ 2,524 Sales comparison Discount to appraised value 39 % Total foreclosed assets held for sale ​ $ 2,886 ​ $ 0 ​ $ 2,886 ​ ​ Certain of the Corporation’s financial instruments are not measured at fair value in the consolidated financial statements. In cases where quoted market prices are not available, fair values are based on estimates using present value or other valuation techniques. Those techniques are significantly affected by the assumptions used, including the discount rate and estimates of future cash flows. Accordingly, the fair value estimates may not be realized in an immediate settlement of the instrument. Certain financial instruments and all nonfinancial instruments are excluded from disclosure requirements. Therefore, the aggregate fair value amounts presented may not represent the underlying fair value of the Corporation. The estimated fair values, and related carrying amounts, of the Corporation’s financial instruments that are not recorded at fair value are as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ (In Thousands) ​ Fair Value ​ September 30, 2020 ​ December 31, 2019 ​ ​ Hierarchy ​ Carrying ​ Fair ​ Carrying ​ Fair ​ Level Amount Value Amount Value Financial assets: ​ ​ ​ ​ Cash and cash equivalents Level 1 ​ $ 168,148 ​ $ 168,148 ​ $ 31,122 ​ $ 31,122 Certificates of deposit Level 2 ​ 6,330 ​ 6,567 ​ 4,080 ​ 4,227 Restricted equity securities (included in Other Assets) Level 2 ​ 12,179 ​ 12,179 ​ 10,321 ​ 10,321 Loans, net Level 3 ​ 1,680,617 ​ 1,686,087 ​ 1,172,386 ​ 1,181,000 Accrued interest receivable Level 2 ​ 8,296 ​ 8,296 ​ 5,001 ​ 5,001 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Financial liabilities: ​ ​ ​ ​ Deposits with no stated maturity Level 2 ​ 1,440,602 ​ 1,440,602 ​ 877,965 ​ 877,965 Time deposits Level 2 ​ 430,912 ​ 434,978 ​ 374,695 ​ 376,738 Short-term borrowings Level 2 ​ 40,870 ​ 40,902 ​ 86,220 ​ 86,166 Long-term borrowings Level 2 ​ 102,787 ​ 105,336 ​ 52,127 ​ 52,040 Subordinated debt ​ Level 2 ​ ​ 16,572 ​ ​ 16,680 ​ ​ 6,500 ​ ​ 6,499 Accrued interest payable Level 2 ​ 563 ​ 563 ​ 311 ​ 311 ​ The Corporation has commitments to extend credit and has issued standby letters of credit. Standby letters of credit are conditional guarantees of performance by a customer to a third party. Estimates of the fair value of these off-balance sheet items were not made because of the short-term nature of these arrangements and the credit standing of the counterparties.

BASIS OF INTERIM PRESENTATION_2

BASIS OF INTERIM PRESENTATION AND STATUS OF RECENT ACCOUNTING PRONOUNCEMENTS (Policies)	9 Months Ended
	Sep. 30, 2020
BASIS OF INTERIM PRESENTATION AND STATUS OF RECENT ACCOUNTING PRONOUNCEMENTS
RECENT ACCOUNTING PRONOUNCEMENTS	RECENT ACCOUNTING PRONOUNCEMENTS The Financial Accounting Standards Board (FASB) issues Accounting Standards Updates (ASUs) to the FASB Accounting Standards Codification (ASC). This section provides a summary description of recent ASUs that have significant implications (elected or required) within the consolidated financial statements, or that management expects may have a significant impact on financial statements issued in the near future. Recent Accounting Pronouncements - Adopted ASU 2018-13, Fair Value Measurement (Topic 820) modifies disclosure requirements on fair value measurements. This ASU removes requirements to disclose the amount of and reasons for transfers between Level 1 and Level 2 of the fair value hierarchy, the policy for timing of transfers between levels and the valuation processes for Level 3 fair value measurements. ASU 2018-13 clarifies that disclosure regarding measurement uncertainty is intended to communicate information about the uncertainty in measurement as of the reporting date. ASU 2018-13 adds certain disclosure requirements, including disclosure of changes in unrealized gains and losses for the period included in other comprehensive income for recurring Level 3 fair value measurements held at the end of the reporting period and the range and weighted average of significant unobservable inputs used to develop Level 3 fair value measurements. The amendments in this ASU became effective for the Corporation beginning in the first quarter 2020. The amendments on changes in unrealized gains and losses, the range and weighted average of significant unobservable inputs used to develop Level 3 fair value measurements and the narrative description of measurement uncertainty should be applied prospectively, while all other amendments should be applied retrospectively for all periods presented. Note 13 provides disclosure regarding fair value measurements of the Corporation’s financial instruments. Adoption of this ASU did not have a material impact on the Corporation’s consolidated financial position or results of operations. Recently Issued But Not Yet Effective Accounting Pronouncements ASU 2016-13, Financial Instruments-Credit Losses (Topic 326), as modified by subsequent ASUs, changes accounting for credit losses on loans receivable and debt securities from an incurred loss methodology to an expected credit loss methodology. Among other things, ASU 2016-13 requires the measurement of all expected credit losses for financial assets held at the reporting date based on historical experience, current conditions, and reasonable and supportable forecasts. Accordingly, ASU 2016-13 requires the use of forward-looking information to form credit loss estimates. Many of the loss estimation techniques applied today will still be permitted, though the inputs to those techniques will change to reflect the full amount of expected credit losses. In addition, ASU 2016-13 amends the accounting for credit losses on debt securities and purchased financial assets with credit deterioration. The effect of implementing this ASU is recorded through a cumulative-effect adjustment to retained earnings. The Corporation has formed a cross functional management team and is working with an outside vendor assessing alternative loss estimation methodologies and the Corporation’s data and system needs to evaluate the impact that adoption of this standard will have on the Corporation’s financial condition and results of operations. In November 2019, the FASB approved a delay of the required implementation date of ASU 2016-13 for smaller reporting companies, including the Corporation, resulting in a required implementation date for the Corporation of January 1, 2023. ASU 2020-04, Reference Rate Reform (Topic 848) provides temporary optional guidance to ease the potential burden in accounting for reference rate reform. The amendments in Update 2020-04 are elective and apply to all entities that have contracts, hedging relationships, and other transactions that reference LIBOR or another reference rate expected to be discontinued. The guidance includes a general principle that permits an entity to consider contract modifications due to reference rate reform to be an event that does not require contract remeasurement at the modification date or reassessment of a previous accounting determination. Some specific optional expedients are as follows: ● Simplifies accounting for contract modifications, including modifications to loans receivable and debt, by prospectively adjusting the effective interest rate. ● Simplifies the assessment of hedge effectiveness and allows hedging relationships affected by reference rate reform to continue. The amendments in ASU 2020-04 are effective as of March 12, 2020 through December 31, 2022. The Corporation expects to apply the amendments prospectively for applicable loan and other contracts within the effective period of ASU 2020-04.

BUSINESS COMBINATIONS (Tables)

BUSINESS COMBINATIONS (Tables)	9 Months Ended
	Sep. 30, 2020
BUSINESS COMBINATIONS
Summary of consideration paid and assets acquired and liabilities assumed	​ ​ ​ ​ ​ (In Thousands) ​ Fair value of consideration transferred: ​ ​ ​ Cash ​ $ 21,837 Common stock issued ​ 41,429 Total consideration transferred ​ $ 63,266 ​ ​ ​ ​ Estimated fair value of assets acquired and (liabilities) assumed: ​ ​ ​ Cash and cash equivalents ​ $ 97,792 Available-for-sale debt securities ​ 10,754 Loans receivable ​ 464,792 Bank-owned life insurance ​ 11,170 Accrued interest receivable ​ 1,922 Bank premises and equipment ​ 3,250 Foreclosed assets held for sale ​ 860 Deferred tax asset, net ​ 1,469 Core deposit intangible ​ 3,144 Goodwill ​ 24,138 Other assets ​ 13,478 Deposits ​ (481,796) Short-term borrowings ​ (33,950) Long-term borrowings ​ (30,025) Subordinated debt ​ (10,091) Accrued interest and other liabilities ​ ​ (13,641) Estimated excess fair value of assets acquired over liabilities assumed ​ $ 63,266 ​ ​ ​ ​
Loans acquired on business acquisition	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ (In Thousands) ​ Performing ​ PCI ​ Total Residential mortgage: ​ ​ ​ ​ ​ ​ ​ ​ ​ Residential mortgage loans - first liens ​ $ 65,883 ​ $ 0 ​ $ 65,883 Residential mortgage loans - junior liens ​ 4,141 ​ ​ 75 ​ ​ 4,216 Home equity lines of credit ​ ​ 8,368 ​ ​ 0 ​ ​ 8,368 1-4 Family residential construction ​ ​ 11,437 ​ ​ 0 ​ ​ 11,437 Total residential mortgage ​ ​ 89,829 ​ ​ 75 ​ ​ 89,904 Commercial: ​ ​ ​ ​ ​ ​ ​ ​ ​ Commercial loans secured by real estate ​ 240,482 ​ ​ 4,152 ​ ​ 244,634 Commercial and industrial ​ 39,068 ​ ​ 806 ​ ​ 39,874 Small Business Adminstration - Paycheck Protection Program ​ ​ 63,740 ​ ​ 0 ​ ​ 63,740 Loans secured by farmland ​ 73 ​ ​ 0 ​ ​ 73 Multi-family (5 or more) residential ​ 23,065 ​ ​ 2,171 ​ ​ 25,236 Other commercial loans ​ 952 ​ ​ 0 ​ ​ 952 Total commercial ​ 367,380 ​ ​ 7,129 ​ ​ 374,509 Consumer ​ 379 ​ ​ 0 ​ ​ 379 Total ​ $ 457,588 ​ $ 7,204 ​ ​ 464,792
Fair Value adjustments of loans acquired on business acquisition	​ ​ ​ ​ ​ (In Thousands) ​ ​ Gross amortized cost at acquisition ​ $ 472,012 Fair value adjustments: ​ ​ ​ Market rates ​ 2,909 Credit adjustment on non-impaired loans ​ ​ (7,219) Credit adjustment on impaired loans ​ ​ (2,910) Fair value at acquisition ​ $ 464,792 ​ ​ ​ ​
Pro forma information as if the merger had been completed on January 1, 2019	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ (In Thousands Except Per Share Data) Three Months Ended ​ Nine Months Ended ​ ​ September 30, ​ September 30, ​ September 30, ​ September 30, ​ ​ 2020 ​ 2019 ​ 2020 ​ 2019 Interest income $ 21,632 $ 23,142 ​ $ 66,564 $ 64,800 Interest expense ​ 3,091 ​ 4,367 ​ ​ 10,727 ​ 10,747 Net interest income ​ ​ 18,541 ​ ​ 18,775 ​ ​ 55,837 ​ ​ 54,053 Provision for loan losses ​ 1,941 ​ 1,208 ​ 3,393 ​ 1,047 Net interest after provision for loan losses ​ 16,600 ​ 17,567 ​ 52,444 ​ 53,006 Noninterest income ​ 6,970 ​ 5,523 ​ 18,092 ​ 15,546 Net gains on securities ​ 25 ​ 13 ​ 25 ​ 20 Other noninterest expenses ​ 14,572 ​ 14,530 ​ 45,604 ​ 46,198 Income before income tax provision ​ 9,023 ​ 8,573 ​ 24,957 ​ 22,374 Income tax provision ​ 1,605 ​ 1,511 ​ 4,610 ​ 3,886 Net income ​ $ 7,418 ​ $ 7,062 ​ $ 20,347 ​ $ 18,488 Earnings per common share - basic ​ $ 0.47 ​ $ 0.45 ​ $ 1.28 ​ $ 1.21 Earnings per common share - diluted ​ $ 0.47 ​ $ 0.45 ​ $ 1.28 ​ $ 1.21 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

PER SHARE DATA (Tables)

PER SHARE DATA (Tables)	9 Months Ended
	Sep. 30, 2020
PER SHARE DATA
Schedule of Basic and Diluted earnings per share	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ (In Thousands, Except Share and Per Share Data) ​ Three Months Ended Nine Months Ended ​ ​ September 30, ​ September 30, ​ September 30, ​ September 30, ​ 2020 2019 2020 2019 Basic ​ ​ ​ ​ ​ Net income ​ $ 2,848 ​ $ 5,307 ​ $ 12,452 ​ $ 14,046 Less: Dividends and undistributed earnings allocated to participating securities ​ (18) ​ (26) ​ (74) ​ (72) Net income attributable to common shares ​ $ 2,830 ​ $ 5,281 ​ $ 12,378 ​ $ 13,974 Basic weighted-average common shares outstanding ​ 15,778,391 ​ 13,627,676 ​ 14,388,797 ​ 13,182,960 Basic earnings per common share (a) ​ $ 0.18 ​ $ 0.39 ​ $ 0.86 ​ $ 1.06 Diluted ​ ​ ​ ​ Net income attributable to common shares ​ $ 2,830 ​ $ 5,281 ​ $ 12,378 ​ $ 13,974 Basic weighted-average common shares outstanding ​ 15,778,391 ​ 13,627,676 ​ 14,388,797 ​ 13,182,960 Dilutive effect of potential common stock arising from stock options ​ 1,330 ​ 19,142 ​ 4,632 ​ 23,284 Diluted weighted-average common shares outstanding ​ 15,779,721 ​ 13,646,818 ​ 14,393,429 ​ 13,206,244 Diluted earnings per common share (a) ​ $ 0.18 ​ $ 0.39 ​ $ 0.86 ​ $ 1.06 Weighted-average nonvested restricted shares outstanding ​ 102,629 ​ 68,814 ​ 85,611 ​ 68,284 (a) Basic and diluted earnings per share under the two-class method are determined on net income reported on the consolidated statements of income, less earnings allocated to non-vested restricted shares with nonforfeitable dividends (participating securities).

COMPREHENSIVE INCOME (Tables)

COMPREHENSIVE INCOME (Tables)	9 Months Ended
	Sep. 30, 2020
COMPREHENSIVE INCOME
Schedule of the components of other comprehensive income (loss), and the related tax effects	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ (In Thousands) Before-Tax Income Tax Net-of-Tax ​ ​ Amount ​ Effect ​ Amount Nine Months Ended September 30, 2020 ​ ​ ​ Unrealized gains on available-for-sale debt securities: ​ ​ ​ ​ ​ ​ ​ ​ ​ Unrealized holding gains on available-for-sale debt securities ​ $ 9,980 ​ $ (2,095) ​ $ 7,885 Reclassification adjustment for (gains) realized in income ​ ​ (25) ​ ​ 5 ​ ​ (20) Other comprehensive income on available-for-sale debt securities ​ ​ 9,955 ​ ​ (2,090) ​ ​ 7,865 Unfunded pension and postretirement obligations: ​ ​ ​ Changes from plan amendments and actuarial gains and losses included in other comprehensive income ​ 88 ​ (18) ​ 70 Amortization of prior service cost and net actuarial loss included in net periodic benefit cost ​ (22) ​ 5 ​ (17) Other comprehensive income on unfunded retirement obligations ​ 66 ​ (13) ​ 53 Total other comprehensive income ​ $ 10,021 ​ $ (2,103) ​ $ 7,918 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ (In Thousands) Before-Tax Income Tax Net-of-Tax ​ ​ Amount ​ Effect ​ Amount Nine Months Ended September 30, 2019 ​ ​ ​ Unrealized gains on available-for-sale debt securities: ​ ​ ​ ​ ​ ​ ​ ​ ​ Unrealized holding gains on available-for-sale debt securities ​ $ 10,754 ​ $ (2,258) ​ $ 8,496 Reclassification adjustment for (gains) realized in income ​ ​ (20) ​ ​ 4 ​ ​ (16) Other comprehensive income on available-for-sale debt securities ​ ​ 10,734 ​ ​ (2,254) ​ ​ 8,480 Unfunded pension and postretirement obligations: ​ ​ ​ Changes from plan amendments and actuarial gains and losses included in other comprehensive income ​ 214 ​ (45) ​ 169 Amortization of prior service cost and net actuarial loss included in net periodic benefit cost ​ (23) ​ 4 ​ (19) Other comprehensive income on unfunded retirement obligations ​ 191 ​ (41) ​ 150 Total other comprehensive income ​ $ 10,925 ​ $ (2,295) ​ $ 8,630 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ (In Thousands) Before-Tax Income Tax Net-of-Tax ​ ​ Amount ​ Effect ​ Amount Three Months Ended September 30, 2020 ​ ​ ​ Unrealized gains on available-for-sale debt securities: ​ ​ ​ Unrealized holding losses on available-for-sale debt securities ​ $ (95) ​ $ 19 ​ $ (76) Reclassification adjustment for (gains) realized in income ​ ​ (25) ​ ​ 5 ​ ​ (20) Other comprehensive loss on available-for-sale debt securities ​ ​ (120) ​ ​ 24 ​ ​ (96) Unfunded pension and postretirement obligations, ​ ​ ​ Amortization of prior service cost and net actuarial loss included in net periodic benefit cost ​ (8) ​ 2 ​ (6) Total other comprehensive loss ​ $ (128) ​ $ 26 ​ $ (102) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ (In Thousands) Before-Tax Income Tax Net-of-Tax ​ ​ Amount ​ Effect ​ Amount Three Months Ended September 30, 2019 ​ ​ ​ Unrealized gains on available-for-sale debt securities: ​ ​ ​ Unrealized holding gains on available-for-sale debt securities ​ $ 1,323 ​ $ (278) ​ $ 1,045 Reclassification adjustment for (gains) realized in income ​ (13) ​ 3 ​ (10) Other comprehensive income on available-for-sale debt securities ​ 1,310 ​ (275) ​ 1,035 Unfunded pension and postretirement obligations, ​ ​ ​ Amortization of prior service cost and net actuarial loss included in net periodic benefit cost ​ (8) ​ 1 ​ (7) Total other comprehensive income ​ $ 1,302 ​ $ (274) ​ $ 1,028 ​
Schedule components of other comprehensive income and affected line item in the consolidated statements of income	​ ​ Affected Line Item in the Description ​ Consolidated Statements of Income ​ Amortization of prior service cost and ​ Other noninterest expense ​ net actuarial loss included in net ​ ​ ​ periodic benefit cost (before-tax) ​ ​ ​ Reclassification adjustment for (gains) ​ Realized gains on available-for-sale ​ realized in income (before-tax) ​ debt securities, net ​ Income tax effect ​ Income tax provision ​
Schedule of changes in the components of accumulated other comprehensive income (loss)	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ (In Thousands) ​ ​ Accumulated ​ ​ Unrealized ​ Unfunded ​ Other ​ Gains Retirement Comprehensive ​ on Securities Obligations Income (Loss) Nine Months Ended September 30, 2020 ​ ​ ​ Balance, beginning of period ​ $ 3,511 ​ $ 180 ​ $ 3,691 Other comprehensive income during nine months ended September 30, 2020 ​ 7,865 ​ 53 ​ 7,918 Balance, end of period ​ $ 11,376 ​ $ 233 ​ $ 11,609 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Nine Months Ended September 30, 2019 ​ ​ ​ Balance, beginning of period ​ $ (4,307) ​ $ 137 ​ $ (4,170) Other comprehensive income during nine months ended September 30, 2019 ​ 8,480 ​ 150 ​ 8,630 Balance, end of period ​ $ 4,173 ​ $ 287 ​ $ 4,460 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ (In Thousands) Unrealized ​ Accumulated ​ ​ Gains ​ Unfunded ​ Other ​ ​ (Losses) ​ Retirement ​ Comprehensive ​ ​ on Securities ​ Obligations ​ Income Three Months Ended September 30, 2020 ​ ​ ​ Balance, beginning of period ​ $ 11,472 ​ $ 239 ​ $ 11,711 Other comprehensive loss during three months ended September 30, 2020 ​ (96) ​ (6) ​ (102) Balance, end of period ​ $ 11,376 ​ $ 233 ​ $ 11,609 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three Months Ended September 30, 2019 ​ ​ ​ Balance, beginning of period ​ $ 3,138 ​ $ 294 ​ $ 3,432 Other comprehensive income during three months ended September 30, 2019 ​ 1,035 ​ (7) ​ 1,028 Balance, end of period ​ $ 4,173 ​ $ 287 ​ $ 4,460

CASH AND DUE FROM BANKS (Tables

CASH AND DUE FROM BANKS (Tables)	9 Months Ended
	Sep. 30, 2020
CASH AND DUE FROM BANKS
Schedule of cash and due from banks	​ ​ ​ ​ ​ ​ ​ ​ (In Thousands) September 30, December 31, ​ ​ 2020 ​ 2019 Cash and cash equivalents ​ $ 168,148 ​ $ 31,122 Certificates of deposit ​ 6,330 ​ 4,080 Total cash and due from banks ​ $ 174,478 ​ $ 35,202

SECURITIES (Tables)

SECURITIES (Tables)	9 Months Ended
	Sep. 30, 2020
SECURITIES
Schedule of amortized cost and fair value of available-for-sale debt securities at	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ (In Thousands) September 30, 2020 ​ ​ ​ ​ ​ Gross ​ Gross ​ ​ ​ ​ ​ ​ ​ ​ Unrealized ​ Unrealized ​ ​ ​ ​ Amortized Holding Holding Fair ​ Cost Gains Losses Value ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Obligations of the U.S. Treasury ​ $ 12,228 ​ $ 0 ​ $ (2) ​ $ 12,226 Obligations of U.S. Government agencies ​ ​ 15,348 ​ ​ 1,007 ​ ​ 0 ​ ​ 16,355 Obligations of states and political subdivisions: ​ ​ ​ ​ Tax-exempt ​ 104,821 ​ 5,057 ​ (210) ​ 109,668 Taxable ​ 42,079 ​ 2,161 ​ (45) ​ 44,195 Mortgage-backed securities issued or guaranteed by U.S. Government agencies or sponsored agencies: ​ ​ ​ ​ Residential pass-through securities ​ 44,697 ​ 1,514 ​ 0 ​ 46,211 Residential collateralized mortgage obligations ​ 67,635 ​ 1,726 ​ (24) ​ 69,337 Commercial mortgage-backed securities ​ 39,337 ​ 3,216 ​ 0 ​ 42,553 Total available-for-sale debt securities ​ $ 326,145 ​ $ 14,681 ​ $ (281) ​ $ 340,545 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ (In Thousands) December 31, 2019 ​ ​ ​ ​ ​ Gross ​ Gross ​ ​ ​ ​ ​ Unrealized ​ Unrealized ​ ​ ​ ​ Amortized Holding Holding Fair ​ Cost Gains Losses Value ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Obligations of U.S. Government agencies ​ $ 16,380 ​ $ 620 ​ $ 0 ​ $ 17,000 Obligations of states and political subdivisions: ​ ​ ​ ​ Tax-exempt ​ 68,787 ​ 2,011 ​ (38) ​ 70,760 Taxable ​ 35,446 ​ 927 ​ (70) ​ 36,303 Mortgage-backed securities issued or guaranteed by U.S. Government agencies or sponsored agencies: ​ ​ ​ ​ Residential pass-through securities ​ 58,875 ​ 472 ​ (137) ​ 59,210 Residential collateralized mortgage obligations ​ 115,025 ​ 308 ​ (610) ​ 114,723 Commercial mortgage-backed securities ​ 47,765 ​ 1,069 ​ (107) ​ 48,727 Total available-for-sale debt securities ​ $ 342,278 ​ $ 5,407 ​ $ (962) ​ $ 346,723
Schedule of gross unrealized losses and fair value of available-for-sale debt securities	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ September 30, 2020 Less Than 12 Months 12 Months or More Total (In Thousands) ​ Fair ​ Unrealized ​ Fair ​ Unrealized ​ Fair ​ Unrealized ​ Value Losses Value Losses Value Losses Obligations of the U.S. Treasury ​ $ 12,226 ​ $ (2) ​ $ 0 ​ $ 0 ​ $ 12,226 ​ $ (2) Obligations of states and political subdivisions: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Tax-exempt ​ ​ 17,061 ​ ​ (210) ​ ​ 0 ​ ​ 0 ​ ​ 17,061 ​ ​ (210) Taxable ​ 4,856 ​ (45) ​ 0 ​ 0 ​ 4,856 ​ (45) Mortgage-backed securities issued or guaranteed by U.S. Government agencies or sponsored agencies, ​ ​ ​ ​ ​ ​ Residential collateralized mortgage obligations ​ 4,165 ​ (24) ​ 0 ​ 0 ​ 4,165 ​ (24) Total temporary impaired available for sale debt securities ​ $ 38,308 ​ $ (281) ​ $ 0 ​ $ 0 ​ $ 38,308 ​ $ (281) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, 2019 Less Than 12 Months 12 Months or More Total (In Thousands) ​ Fair ​ Unrealized ​ Fair ​ Unrealized ​ Fair ​ Unrealized ​ Value Losses Value Losses Value Losses Obligations of states and political subdivisions: ​ ​ ​ ​ ​ ​ Tax-exempt ​ $ 6,429 ​ $ (38) ​ $ 0 ​ $ 0 ​ $ 6,429 ​ $ (38) Taxable ​ 5,624 ​ (68) ​ 161 ​ (2) ​ 5,785 ​ (70) Mortgage-backed securities issued or guaranteed by U.S. Government agencies or sponsored agencies: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Residential pass-through securities ​ 9,771 ​ (35) ​ 14,787 ​ (102) ​ 24,558 ​ (137) Residential collateralized mortgage obligations ​ 31,409 ​ (195) ​ 30,535 ​ (415) ​ 61,944 ​ (610) Commercial mortgage-backed securities ​ 0 ​ 0 ​ 8,507 ​ (107) ​ 8,507 ​ (107) Total temporarily impaired available-for-sale debt securities ​ $ 53,233 ​ $ (336) ​ $ 53,990 ​ $ (626) ​ $ 107,223 ​ $ (962)
Schedule of gross realized gains and losses from available-for-sale	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ (In Thousands) ​ Three Months Ended ​ Nine Months Ended ​ ​ September 30, ​ September 30, ​ September 30, ​ September 30, ​ 2020 2019 2020 2019 Gross realized gains from sales ​ $ 26 ​ $ 14 ​ $ 78 ​ $ 21 Gross realized losses from sales ​ (1) ​ (1) ​ (53) ​ (1) Net realized gains ​ $ 25 ​ $ 13 ​ $ 25 ​ $ 20
Schedule of the amortized cost and fair value of available-for-sale debt securities by contractual maturity	​ ​ ​ ​ ​ ​ ​ ​ (In Thousands) ​ September 30, 2020 ​ ​ Amortized ​ Fair ​ Cost Value Due in one year or less ​ $ 14,411 ​ $ 14,469 Due from one year through five years ​ 45,804 ​ 47,460 Due from five years through ten years ​ 37,479 ​ 40,088 Due after ten years ​ 76,782 ​ 80,427 Sub-total ​ 174,476 ​ 182,444 Mortgage-backed securities issued or guaranteed by U.S. Government agencies or sponsored agencies: ​ ​ Residential pass-through securities ​ 44,697 ​ 46,211 Residential collateralized mortgage obligations ​ 67,635 ​ 69,337 Commercial mortgage-backed securities ​ 39,337 ​ 42,553 Total ​ $ 326,145 ​ $ 340,545

LOANS (Tables)

LOANS (Tables)	9 Months Ended
	Sep. 30, 2020
LOANS
Summary of loans	Summary of Loans by Type (In Thousands) ​ ​ ​ ​ ​ ​ ​ ​ ​ September 30, December 31, ​ ​ 2020 ​ 2019 Residential mortgage: ​ ​ Residential mortgage loans - first liens ​ $ 541,827 ​ $ 510,641 Residential mortgage loans - junior liens ​ 27,907 ​ 27,503 Home equity lines of credit ​ 40,143 ​ 33,638 1-4 Family residential construction ​ 29,146 ​ 14,798 Total residential mortgage ​ 639,023 ​ 586,580 Commercial: ​ ​ Commercial loans secured by real estate ​ 530,874 ​ 301,227 Commercial and industrial ​ 156,169 ​ 126,374 Small Business Administration - Paycheck Protection Program ​ ​ 163,050 ​ ​ 0 Political subdivisions ​ 47,883 ​ 53,570 Commercial construction and land ​ 41,906 ​ 33,555 Loans secured by farmland ​ 11,913 ​ 12,251 Multi-family (5 or more) residential ​ 62,330 ​ 31,070 Agricultural loans ​ 3,561 ​ 4,319 Other commercial loans ​ 17,385 ​ 16,535 Total commercial ​ 1,035,071 ​ 578,901 Consumer ​ 17,276 ​ 16,741 Total ​ 1,691,370 ​ 1,182,222 Less: allowance for loan losses ​ (10,753) ​ (9,836) Loans, net ​ $ 1,680,617 ​ $ 1,172,386 ​
Schedule of quantity and balances of modification	​ ​ ​ ​ ​ ​ ​ ​ ​ Deferrals Remaining ​ ​ As of September 30, 2020 (Dollars in Thousands) ​ Number ​ ​ ​ ​ ​ of ​ Recorded ​ Loans Investment COVID-19-related loan modifications: ​ Residential mortgage 16 ​ $ 1,727 Commercial 28 ​ 39,912 Total 44 ​ $ 41,639
Schedule of adjustments to the initial market rate and credit fair value adjustments recognized	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ (In Thousands) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three Months Ended ​ Nine Months Ended ​ ​ September 30, ​ September 30, ​ September 30, ​ September 30, ​ ​ 2020 ​ 2019 ​ 2020 ​ 2019 Market Rate Adjustment ​ ​ ​ ​ Adjustments to gross amortized cost of loans at beginning of period ​ $ (1,103) ​ $ (1,658) ​ $ (1,415) ​ $ 0 Market rate adjustment recorded in acquisition ​ ​ 2,909 ​ ​ 0 ​ ​ 2,909 ​ ​ (1,807) (Amortization) accretion recognized in interest income ​ ​ (452) ​ ​ 110 ​ ​ (140) ​ ​ 259 Adjustments to gross amortized cost of loans at end of period ​ $ 1,354 ​ $ (1,548) ​ $ 1,354 ​ $ (1,548) Credit Adjustment on Non-impaired Loans ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Adjustments to gross amortized cost of loans at beginning of period ​ $ (878) ​ $ (1,653) ​ $ (1,216) ​ $ 0 Credit adjustment recorded in acquisition ​ ​ (7,219) ​ ​ 0 ​ ​ (7,219) ​ ​ (1,914) Accretion recognized in interest income ​ 970 ​ 260 ​ 1,308 ​ 521 Adjustments to gross amortized cost of loans at end of period ​ $ (7,127) ​ $ (1,393) ​ $ (7,127) ​ $ (1,393)
Schedule of components of the purchase account adjustments related to the PCI loans	​ ​ ​ ​ ​ (In Thousands) ​ July 1, 2020 Contractually required principal at acquisition ​ $ 10,114 Non-accretable discount ​ (2,910) Expected cash flows ​ $ 7,204
Schedule of PCI loans	​ ​ ​ ​ ​ ​ ​ ​ (In Thousands) ​ September 30, ​ December 31, ​ 2020 2019 Outstanding balance ​ $ 10,453 ​ $ 759 Carrying amount ​ 7,447 ​ 441
Schedule of transactions within the allowance for loan losses	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three Months Ended September 30, 2020 ​ June 30, 2020 ​ ​ ​ September 30, 2020 (In Thousands) Balance Charge-offs Recoveries Provision (Credit) Balance Allowance for Loan Losses: ​ ​ ​ ​ ​ ​ ​ ​ ​ Residential mortgage: ​ ​ ​ ​ ​ ​ ​ ​ ​ Residential mortgage loans - first liens ​ $ 3,531 ​ $ 0 ​ $ 26 ​ $ (92) ​ $ 3,465 Residential mortgage loans - junior liens ​ 365 ​ 0 ​ 0 ​ (7) ​ 358 Home equity lines of credit ​ 287 ​ 0 ​ 1 ​ 1 ​ 289 1-4 Family residential construction ​ 137 ​ 0 ​ 0 ​ 32 ​ 169 Total residential mortgage ​ 4,320 ​ 0 ​ 27 ​ (66) ​ ​ 4,281 Commercial: ​ ​ ​ ​ ​ Commercial loans secured by real estate ​ 2,426 ​ 0 ​ 0 ​ (40) ​ 2,386 Commercial and industrial ​ 2,496 ​ (2,219) ​ 0 ​ 1,974 ​ 2,251 Commercial construction and land ​ 420 ​ 0 ​ 0 ​ 20 ​ 440 Loans secured by farmland ​ 146 ​ 0 ​ 0 ​ (25) ​ 121 Multi-family (5 or more) residential ​ 163 ​ 0 ​ 0 ​ 64 ​ 227 Agricultural loans ​ 40 ​ 0 ​ 0 ​ (3) ​ 37 Other commercial loans ​ 167 ​ 0 ​ 0 ​ 0 ​ 167 Total commercial ​ 5,858 ​ (2,219) ​ 0 ​ 1,990 ​ 5,629 Consumer ​ 263 ​ (30) ​ 8 ​ 17 ​ 258 Unallocated ​ 585 ​ 0 ​ 0 ​ 0 ​ 585 Total Allowance for Loan Losses ​ $ 11,026 ​ $ (2,249) ​ $ 35 ​ $ 1,941 ​ $ 10,753 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three Months Ended September 30, 2019 ​ June 30, 2020 ​ ​ ​ September 30, 2020 (In Thousands) Balance Charge-offs Recoveries Provision (Credit) Balance Allowance for Loan Losses: ​ ​ ​ ​ ​ ​ ​ ​ ​ Residential mortgage: ​ ​ ​ ​ ​ ​ ​ ​ ​ Residential mortgage loans - first liens ​ $ 3,130 ​ $ (50) ​ $ 1 ​ $ 83 ​ $ 3,164 Residential mortgage loans - junior liens ​ 333 ​ 0 ​ 1 ​ 16 ​ 350 Home equity lines of credit ​ 280 ​ 0 ​ 1 ​ 1 ​ 282 1-4 Family residential construction ​ 220 ​ 0 ​ 0 ​ 38 ​ 258 Total residential mortgage ​ 3,963 ​ (50) ​ 3 ​ 138 ​ 4,054 Commercial: ​ ​ ​ ​ ​ Commercial loans secured by real estate ​ 1,577 ​ 0 ​ 0 ​ 928 ​ 2,505 Commercial and industrial ​ 1,246 ​ 0 ​ 3 ​ 7 ​ 1,256 Commercial construction and land ​ 152 ​ 0 ​ 0 ​ 6 ​ 158 Loans secured by farmland ​ 102 ​ 0 ​ 0 ​ (1) ​ 101 Multi-family (5 or more) residential ​ 150 ​ 0 ​ 0 ​ 5 ​ 155 Agricultural loans ​ 42 ​ 0 ​ 0 ​ 7 ​ 49 Other commercial loans ​ 119 ​ 0 ​ 0 ​ 1 ​ 120 Total commercial ​ 3,388 ​ 0 ​ 3 ​ 953 ​ 4,344 Consumer ​ 264 ​ (66) ​ 9 ​ 67 ​ 274 Unallocated ​ 585 ​ 0 ​ 0 ​ 0 ​ 585 Total Allowance for Loan Losses ​ $ 8,200 ​ $ (116) ​ $ 15 ​ $ 1,158 ​ $ 9,257 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, ​ ​ ​ ​ ​ ​ September 30, Nine Months Ended September 30, 2020 ​ 2019 ​ ​ ​ ​ ​ ​ ​ Provision ​ 2020 (In Thousands) ​ Balance ​ Charge-offs ​ Recoveries ​ (Credit) ​ Balance Allowance for Loan Losses: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Residential mortgage: ​ ​ ​ ​ ​ Residential mortgage loans - first liens ​ $ 3,405 ​ $ 0 ​ $ 28 ​ $ 32 ​ $ 3,465 Residential mortgage loans - junior liens ​ 384 ​ 0 ​ 1 ​ (27) ​ 358 Home equity lines of credit ​ 276 ​ 0 ​ 3 ​ 10 ​ 289 1-4 Family residential construction ​ 117 ​ 0 ​ 0 ​ 52 ​ 169 Total residential mortgage ​ 4,182 ​ 0 ​ 32 ​ 67 ​ 4,281 Commercial: ​ ​ ​ ​ ​ Commercial loans secured by real estate ​ 1,921 ​ 0 ​ 0 ​ 465 ​ 2,386 Commercial and industrial ​ 1,391 ​ (2,236) ​ 0 ​ 3,096 ​ 2,251 Commercial construction and land ​ 966 ​ (107) ​ 0 ​ (419) ​ 440 Loans secured by farmland ​ 158 ​ 0 ​ 0 ​ (37) ​ 121 Multi-family (5 or more) residential ​ 156 ​ 0 ​ 0 ​ 71 ​ 227 Agricultural loans ​ 41 ​ 0 ​ 0 ​ (4) ​ 37 Other commercial loans ​ 155 ​ 0 ​ 0 ​ 12 ​ 167 Total commercial ​ 4,788 ​ (2,343) ​ 0 ​ 3,184 ​ 5,629 Consumer ​ 281 ​ (100) ​ 35 ​ 42 ​ 258 Unallocated ​ 585 ​ 0 ​ 0 ​ 0 ​ 585 Total Allowance for Loan Losses ​ $ 9,836 ​ $ (2,443) ​ $ 67 ​ $ 3,293 ​ $ 10,753 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, ​ ​ ​ ​ ​ ​ September 30, Nine Months Ended September 30, 2019 ​ 2018 ​ ​ ​ ​ ​ ​ ​ Provision ​ 2019 (In Thousands) ​ Balance ​ Charge-offs ​ Recoveries ​ (Credit) ​ Balance Allowance for Loan Losses: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Residential mortgage: ​ ​ ​ ​ ​ Residential mortgage loans - first liens ​ $ 3,156 ​ $ (133) ​ $ 3 ​ $ 138 ​ $ 3,164 Residential mortgage loans - junior liens ​ 325 ​ (24) ​ 1 ​ 48 ​ 350 Home equity lines of credit ​ 302 ​ 0 ​ 5 ​ (25) ​ 282 1-4 Family residential construction ​ 203 ​ 0 ​ 0 ​ 55 ​ 258 Total residential mortgage ​ 3,986 ​ (157) ​ 9 ​ 216 ​ 4,054 Commercial: ​ ​ ​ ​ ​ ​ ​ ​ ​ Commercial loans secured by real estate ​ 2,538 ​ 0 ​ 0 ​ (33) ​ 2,505 Commercial and industrial ​ 1,553 ​ (6) ​ 6 ​ (297) ​ 1,256 Commercial construction and land ​ 110 ​ 0 ​ 0 ​ 48 ​ 158 Loans secured by farmland ​ 102 ​ 0 ​ 0 ​ (1) ​ 101 Multi-family (5 or more) residential ​ 114 ​ 0 ​ 0 ​ 41 ​ 155 Agricultural loans ​ 46 ​ 0 ​ 0 ​ 3 ​ 49 Other commercial loans ​ 128 ​ 0 ​ 0 ​ (8) ​ 120 Total commercial ​ 4,591 ​ (6) ​ 6 ​ (247) ​ 4,344 Consumer ​ 233 ​ (132) ​ 31 ​ 142 ​ 274 Unallocated ​ 499 ​ 0 ​ 0 ​ 86 ​ 585 Total Allowance for Loan Losses ​ $ 9,309 ​ $ (295) ​ $ 46 ​ $ 197 ​ $ 9,257
Schedule of aggregate credit quality classification of outstanding loans by risk	September 30, 2020 (In Thousands) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Purchased ​ ​ ​ ​ ​ ​ ​ Special ​ ​ ​ ​ ​ ​ ​ Credit ​ ​ ​ ​ ​ Pass ​ Mention ​ Substandard ​ Doubtful ​ Impaired ​ Total Residential Mortgage: ​ ​ ​ ​ ​ ​ Residential Mortgage loans - first liens ​ $ 525,833 ​ $ 6,331 ​ $ 9,586 ​ $ 0 ​ $ 77 ​ $ 541,827 Residential Mortgage loans - junior liens ​ 27,078 ​ 124 ​ 570 ​ 63 ​ 72 ​ 27,907 Home Equity lines of credit ​ 39,408 ​ 59 ​ 676 ​ 0 ​ 0 ​ 40,143 1-4 Family residential construction ​ 29,146 ​ 0 ​ 0 ​ 0 ​ 0 ​ 29,146 Total residential mortgage ​ 621,465 ​ 6,514 ​ 10,832 ​ 63 ​ 149 ​ 639,023 Commercial: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Commercial loans secured by real estate ​ 508,540 ​ 7,920 ​ 10,072 ​ 0 ​ 4,342 ​ 530,874 Commercial and Industrial ​ 142,181 ​ 9,495 ​ 2,905 ​ 802 ​ 786 ​ 156,169 Small Business Administration - Paycheck Protection Program ​ ​ 163,050 ​ ​ 0 ​ ​ 0 ​ ​ 0 ​ ​ 0 ​ ​ 163,050 Political subdivisions ​ 47,883 ​ 0 ​ 0 ​ 0 ​ 0 ​ 47,883 Commercial construction and land ​ 41,659 ​ 198 ​ 49 ​ 0 ​ 0 ​ 41,906 Loans secured by farmland ​ 10,231 ​ 453 ​ 1,229 ​ 0 ​ 0 ​ 11,913 Multi-family (5 or more) residential ​ 56,507 ​ 2,420 ​ 1,233 ​ 0 ​ 2,170 ​ 62,330 Agricultural loans ​ 2,959 ​ 0 ​ 602 ​ 0 ​ 0 ​ 3,561 Other commercial loans ​ 17,385 ​ 0 ​ 0 ​ 0 ​ 0 ​ 17,385 Total commercial ​ 990,395 ​ 20,486 ​ 16,090 ​ 802 ​ 7,298 ​ 1,035,071 Consumer ​ 17,184 ​ 0 ​ 92 ​ 0 ​ 0 ​ 17,276 Totals ​ $ 1,629,044 ​ $ 27,000 ​ $ 27,014 ​ $ 865 ​ $ 7,447 ​ $ 1,691,370
Summary of loan balances and the related allowance for loan losses	September 30, 2020 (In Thousands) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Loans: ​ Allowance for Loan Losses: ​ ​ ​ ​ ​ ​ ​ ​ Purchased ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Individually ​ Collectively ​ Performing ​ ​ ​ ​ Individually ​ Collectively ​ ​ ​ Evaluated Evaluated Loans Totals Evaluated Evaluated Totals Residential mortgage: ​ ​ ​ ​ ​ ​ ​ Residential mortgage loans - first liens ​ $ 2,238 ​ $ 380,348 ​ $ 159,241 ​ $ 541,827 ​ $ 9 ​ $ 3,456 ​ $ 3,465 Residential mortgage loans - junior liens ​ 424 ​ 21,777 ​ 5,706 ​ 27,907 ​ 161 ​ 197 ​ 358 Home equity lines of credit ​ 85 ​ 30,368 ​ 9,690 ​ 40,143 ​ 0 ​ 289 ​ 289 1-4 Family residential construction ​ 0 ​ 18,946 ​ 10,200 ​ 29,146 ​ 0 ​ 169 ​ 169 Total residential mortgage ​ 2,747 ​ 451,439 ​ 184,837 ​ 639,023 ​ 170 ​ 4,111 ​ 4,281 Commercial: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Commercial loans secured by real estate ​ 12,242 ​ 190,045 ​ 328,587 ​ 530,874 ​ 410 ​ 1,976 ​ 2,386 Commercial and industrial ​ 1,367 ​ 119,401 ​ 35,401 ​ 156,169 ​ 71 ​ 2,180 ​ 2,251 Small Business Administration - Paycheck Protection Program ​ 0 ​ 99,310 ​ 63,740 ​ 163,050 ​ 0 ​ 0 ​ 0 Political subdivisions ​ 0 ​ 47,883 ​ 0 ​ 47,883 ​ 0 ​ 0 ​ 0 Commercial construction and land ​ 0 ​ 41,906 ​ 0 ​ 41,906 ​ 0 ​ 440 ​ 440 Loans secured by farmland ​ 85 ​ 11,505 ​ 323 ​ 11,913 ​ 0 ​ 121 ​ 121 Multi-family (5 or more) residential ​ 2,171 ​ 16,754 ​ 43,405 ​ 62,330 ​ 0 ​ 227 ​ 227 Agricultural loans ​ 0 ​ 3,561 ​ 0 ​ 3,561 ​ 0 ​ 37 ​ 37 Other commercial loans ​ 0 ​ 15,895 ​ 1,490 ​ 17,385 ​ 0 ​ 167 ​ 167 Total commercial ​ 15,865 ​ 546,260 ​ 472,946 ​ 1,035,071 ​ 481 ​ 5,148 ​ 5,629 Consumer ​ 0 ​ 16,918 ​ 358 ​ 17,276 ​ 0 ​ 258 ​ 258 Unallocated ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 585 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total ​ $ 18,612 ​ $ 1,014,617 ​ $ 658,141 ​ $ 1,691,370 ​ $ 651 ​ $ 9,517 ​ $ 10,753 ​ December 31, 2019 (In Thousands) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Loans: ​ Allowance for Loan Losses: ​ ​ ​ ​ ​ ​ ​ ​ Purchased ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Individually ​ Collectively ​ Performing ​ ​ ​ ​ Individually ​ Collectively ​ ​ ​ Evaluated Evaluated Loans Totals Evaluated Evaluated Totals Residential mortgage: ​ ​ ​ ​ ​ ​ ​ Residential mortgage loans - first liens ​ $ 1,023 ​ $ 405,186 ​ $ 104,432 ​ $ 510,641 ​ $ 0 ​ $ 3,405 ​ $ 3,405 Residential mortgage loans - junior liens ​ 368 ​ 24,730 ​ 2,405 ​ 27,503 ​ 176 ​ 208 ​ 384 Home equity lines of credit ​ 0 ​ 32,147 ​ 1,491 ​ 33,638 ​ 0 ​ 276 ​ 276 1-4 Family residential construction ​ 0 ​ 14,640 ​ 158 ​ 14,798 ​ 0 ​ 117 ​ 117 Total residential mortgage ​ 1,391 ​ 476,703 ​ 108,486 ​ 586,580 ​ 176 ​ 4,006 ​ 4,182 Commercial: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Commercial loans secured by real estate ​ 684 ​ 198,532 ​ 102,011 ​ 301,227 ​ 0 ​ 1,921 ​ 1,921 Commercial and industrial ​ 1,467 ​ 122,313 ​ 2,594 ​ 126,374 ​ 149 ​ 1,242 ​ 1,391 Political subdivisions ​ 0 ​ 53,570 ​ 0 ​ 53,570 ​ 0 ​ 0 ​ 0 Commercial construction and land ​ 1,261 ​ 29,710 ​ 2,584 ​ 33,555 ​ 678 ​ 288 ​ 966 Loans secured by farmland ​ 607 ​ 11,386 ​ 258 ​ 12,251 ​ 48 ​ 110 ​ 158 Multi-family (5 or more) residential ​ 0 ​ 10,617 ​ 20,453 ​ 31,070 ​ 0 ​ 156 ​ 156 Agricultural loans ​ 76 ​ 4,243 ​ 0 ​ 4,319 ​ 0 ​ 41 ​ 41 Other commercial loans ​ 0 ​ 15,947 ​ 588 ​ 16,535 ​ 0 ​ 155 ​ 155 Total commercial ​ 4,095 ​ 446,318 ​ 128,488 ​ 578,901 ​ 875 ​ 3,913 ​ 4,788 Consumer ​ 0 ​ 16,741 ​ 0 ​ 16,741 ​ 0 ​ 281 ​ 281 Unallocated ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 585 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total ​ $ 5,486 ​ $ 939,762 ​ $ 236,974 ​ $ 1,182,222 ​ $ 1,051 ​ $ 8,200 ​ $ 9,836 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
Summary of information related to purchased credit impaired loans	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ (In Thousands) ​ September 30, 2020 ​ December 31, 2019 ​ ​ Unpaid ​ ​ ​ ​ ​ ​ ​ Unpaid ​ ​ ​ ​ ​ ​ ​ ​ Principal ​ Recorded ​ Related ​ Principal ​ Recorded ​ Related ​ Balance Investment Allowance Balance Investment Allowance With no related allowance recorded: ​ ​ ​ ​ ​ ​ Residential mortgage loans - first liens ​ $ 1,084 ​ $ 1,034 ​ $ 0 ​ $ 645 ​ $ 617 ​ $ 0 Residential mortgage loans - junior liens ​ 167 ​ 112 ​ 0 ​ 42 ​ 42 ​ 0 Home equity lines of credit ​ ​ 151 ​ ​ 85 ​ ​ 0 ​ ​ 0 ​ ​ 0 ​ ​ 0 Commercial loans secured by real estate ​ 7,570 ​ 5,745 ​ 0 ​ 684 ​ 684 ​ 0 Commercial and industrial ​ 1,732 ​ 1,295 ​ 0 ​ 563 ​ 563 ​ 0 Loans secured by farmland ​ 85 ​ 85 ​ 0 ​ 129 ​ 129 ​ 0 Multi-family (5 or more) residential ​ ​ 2,771 ​ ​ 2,171 ​ ​ 0 ​ ​ 0 ​ ​ 0 ​ ​ 0 Agricultural loans ​ 0 ​ 0 ​ 0 ​ 76 ​ 76 ​ 0 Total with no related allowance recorded ​ 13,560 ​ 10,527 ​ 0 ​ 2,139 ​ 2,111 ​ 0 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ With a related allowance recorded: ​ ​ ​ ​ ​ ​ ​ ​ ​ Residential mortgage loans - first liens ​ 1,204 ​ 1,204 ​ 9 ​ 406 ​ 406 ​ 0 Residential mortgage loans - junior liens ​ 312 ​ 312 ​ 161 ​ 326 ​ 326 ​ 176 Commercial loans secured by real estate ​ ​ 6,497 ​ ​ 6,497 ​ ​ 409 ​ ​ 0 ​ ​ 0 ​ ​ 0 Commercial and industrial ​ 72 ​ 72 ​ 72 ​ 904 ​ 904 ​ 149 Construction and other land loans ​ 0 ​ 0 ​ 0 ​ 1,261 ​ 1,261 ​ 678 Loans secured by farmland ​ 0 ​ 0 ​ 0 ​ 478 ​ 478 ​ 48 Total with a related allowance recorded ​ 8,085 ​ 8,085 ​ 651 ​ 3,375 ​ 3,375 ​ 1,051 Total ​ $ 21,645 ​ $ 18,612 ​ $ 651 ​ $ 5,514 ​ $ 5,486 ​ $ 1,051
Schedule of average balances of impaired loans, excluding purchased credit impaired loans, and interest income recognized	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ (In Thousands) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Interest Income Recognized on ​ ​ Average Investment in Impaired Loans ​ Impaired Loans on a Cash Basis ​ ​ Three Months Ended ​ Nine Months Ended ​ Three Months Ended ​ Nine Months Ended ​ ​ September 30, ​ September 30, ​ September 30, ​ September 30, ​ 2020 ​ 2019 ​ 2020 2019 ​ 2020 ​ 2019 ​ 2020 2019 Residential mortgage: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Residential mortgage loans - first lien ​ $ 2,159 ​ $ 1,057 ​ $ 1,579 ​ $ 997 ​ $ 27 ​ $ 21 ​ $ 70 ​ $ 39 Residential mortgage loans - junior lien ​ ​ 384 ​ ​ 285 ​ 386 ​ 289 ​ ​ 5 ​ ​ 8 ​ 18 ​ 10 Home equity lines of credit ​ ​ 65 ​ ​ 65 ​ 65 ​ 16 ​ ​ 0 ​ ​ 3 ​ 2 ​ 3 Total residential mortgage ​ ​ 2,608 ​ ​ 1,407 ​ 2,030 ​ 1,302 ​ ​ 32 ​ ​ 32 ​ 90 ​ 52 Commercial: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Commercial loans secured by real estate ​ ​ 7,298 ​ ​ 1,738 ​ 3,779 ​ 2,371 ​ ​ 65 ​ ​ 49 ​ 81 ​ 66 Commercial and industrial ​ ​ 2,235 ​ ​ 1,202 ​ 3,178 ​ 1,460 ​ ​ 1 ​ ​ 4 ​ 21 ​ 38 Commercial construction and land ​ ​ 49 ​ ​ 0 ​ 678 ​ 0 ​ ​ 1 ​ ​ 0 ​ 14 ​ 0 Loans secured by farmland ​ ​ 253 ​ ​ 1,359 ​ 397 ​ 1,443 ​ ​ 2 ​ ​ 23 ​ 26 ​ 42 Agricultural loans ​ ​ 76 ​ ​ 6 ​ 76 ​ 481 ​ ​ 2 ​ ​ 0 ​ 4 ​ 24 Other commercial loans ​ ​ 0 ​ ​ 50 ​ 25 ​ 13 ​ ​ 0 ​ ​ 2 ​ 1 ​ 2 Total commercial ​ ​ 9,911 ​ ​ 4,355 ​ 8,133 ​ 5,768 ​ ​ 71 ​ ​ 78 ​ 147 ​ 172 Consumer ​ ​ 0 ​ ​ 0 ​ 0 ​ 4 ​ ​ 0 ​ ​ 0 ​ 0 ​ 0 Total ​ $ 12,519 ​ $ 5,762 ​ $ 10,163 ​ $ 7,074 ​ $ 103 ​ $ 110 ​ $ 237 ​ $ 224
Schedule of breakdown by portfolio segment and class of non accrual loans	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ (In Thousands) ​ September 30, 2020 ​ December 31, 2019 ​ ​ Past Due ​ ​ ​ ​ Past Due ​ ​ ​ ​ ​ 90+ Days and ​ ​ ​ ​ 90+ Days and ​ ​ ​ ​ Accruing Nonaccrual Accruing Nonaccrual Residential mortgage: ​ ​ ​ ​ Residential mortgage loans - first liens ​ $ 1,336 ​ $ 6,354 ​ $ 878 ​ $ 4,679 Residential mortgage loans - junior liens ​ 56 ​ 383 ​ 53 ​ 326 Home equity lines of credit ​ 213 ​ 255 ​ 71 ​ 73 1-4 Family residential construction ​ 0 ​ 39 ​ 0 ​ 0 Total residential mortgage ​ 1,605 ​ 7,031 ​ 1,002 ​ 5,078 Commercial: ​ ​ ​ ​ ​ ​ Commercial loans secured by real estate ​ 381 ​ 12,414 ​ 107 ​ 1,148 Commercial and industrial ​ 112 ​ 955 ​ 15 ​ 1,051 Commercial construction and land ​ 0 ​ 49 ​ 0 ​ 1,311 Loans secured by farmland ​ 188 ​ 85 ​ 43 ​ 565 Multi-family (5 or more) residential ​ ​ 0 ​ ​ 2,170 ​ ​ 0 ​ ​ 0 Other commercial ​ 0 ​ 0 ​ 0 ​ 49 Total commercial ​ 681 ​ 15,673 ​ 165 ​ 4,124 Consumer ​ 22 ​ 92 ​ 40 ​ 16 Totals ​ $ 2,308 ​ $ 22,796 ​ $ 1,207 ​ $ 9,218
Schedule of amounts shown in the table immediately above include loans classified as debt restructurings and contractual aging of loans	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ (In Thousands) ​ As of September 30, 2020 ​ As of December 31, 2019 ​ Current & ​ ​ ​ ​ ​ ​ Current & ​ ​ ​ ​ ​ ​ ​ ​ Past Due ​ Past Due ​ Past Due ​ ​ ​ ​ Past Due ​ Past Due ​ Past Due ​ ​ ​ ​ ​ Less than ​ 30-89 ​ 90+ ​ ​ ​ ​ Less than ​ 30-89 ​ 90+ ​ ​ ​ ​ ​ 30 Days ​ Days ​ Days ​ Total ​ 30 Days ​ Days ​ Days ​ Total Residential mortgage: ​ ​ ​ ​ ​ ​ ​ ​ Residential mortgage loans - first liens ​ $ 534,303 ​ $ 2,819 ​ $ 4,705 ​ $ 541,827 ​ $ 499,024 ​ $ 7,839 ​ $ 3,778 ​ $ 510,641 Residential mortgage loans - junior liens ​ 27,660 ​ 44 ​ 203 ​ 27,907 ​ 27,041 ​ 83 ​ 379 ​ 27,503 Home equity lines of credit ​ 39,737 ​ 145 ​ 261 ​ 40,143 ​ 33,115 ​ 452 ​ 71 ​ 33,638 1-4 Family residential construction ​ 28,629 ​ 517 ​ 0 ​ 29,146 ​ 14,758 ​ 40 ​ 0 ​ 14,798 Total residential mortgage ​ 630,329 ​ 3,525 ​ 5,169 ​ 639,023 ​ 573,938 ​ 8,414 ​ 4,228 ​ 586,580 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Commercial: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Commercial loans secured by real estate ​ 525,211 ​ 867 ​ 4,796 ​ 530,874 ​ 299,640 ​ 737 ​ 850 ​ 301,227 Commercial and industrial ​ 155,140 ​ 57 ​ 972 ​ 156,169 ​ 126,221 ​ 16 ​ 137 ​ 126,374 Small Business Administration - Paycheck Protection Program ​ ​ 163,050 ​ ​ 0 ​ ​ 0 ​ ​ 163,050 ​ ​ 0 ​ ​ 0 ​ ​ 0 ​ ​ 0 Political subdivisions ​ 47,883 ​ 0 ​ 0 ​ 47,883 ​ 53,570 ​ 0 ​ 0 ​ 53,570 Commercial construction and land ​ 41,857 ​ 49 ​ 0 ​ 41,906 ​ 33,505 ​ 0 ​ 50 ​ 33,555 Loans secured by farmland ​ 11,654 ​ 37 ​ 222 ​ 11,913 ​ 11,455 ​ 666 ​ 130 ​ 12,251 Multi-family (5 or more) residential ​ 62,330 ​ 0 ​ 0 ​ 62,330 ​ 31,070 ​ 0 ​ 0 ​ 31,070 Agricultural loans ​ 3,456 ​ 105 ​ 0 ​ 3,561 ​ 4,318 ​ 1 ​ 0 ​ 4,319 Other commercial loans ​ 17,385 ​ 0 ​ 0 ​ 17,385 ​ 16,535 ​ 0 ​ 0 ​ 16,535 Total commercial ​ 1,027,966 ​ 1,115 ​ 5,990 ​ 1,035,071 ​ 576,314 ​ 1,420 ​ 1,167 ​ 578,901 Consumer ​ 17,077 ​ 87 ​ 112 ​ 17,276 ​ 16,496 ​ 189 ​ 56 ​ 16,741 Totals ​ $ 1,675,372 ​ $ 4,727 ​ $ 11,271 ​ $ 1,691,370 ​ $ 1,166,748 ​ $ 10,023 ​ $ 5,451 ​ $ 1,182,222
Schedule of non accrual loans are included in the contractual aging	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ (In Thousands) ​ Current & ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Past Due ​ Past Due ​ Past Due ​ ​ ​ ​ Less than ​ 30-89 ​ 90+ ​ ​ ​ 30 Days Days Days Total September 30, 2020 Nonaccrual Totals ​ $ 12,605 ​ $ 1,228 ​ $ 8,963 ​ $ 22,796 December 31, 2019 Nonaccrual Totals ​ $ 3,840 ​ $ 1,134 ​ $ 4,244 ​ $ 9,218
Schedule of outstanding balance of loans as troubled debt restructurings	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ (In Thousands) ​ Current & ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Past Due ​ Past Due ​ Past Due ​ ​ ​ ​ ​ ​ Less than ​ 30-89 ​ 90+ ​ ​ ​ ​ ​ 30 Days Days Days Nonaccrual Total September 30, 2020 Totals ​ $ 167 ​ $ 91 ​ $ 338 ​ $ 7,441 ​ $ 8,037 December 31, 2019 Totals ​ $ 889 ​ $ 0 ​ $ 0 ​ $ 1,737 ​ $ 2,626
Schedule of loan modifications considered as TDRs	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ (Balances in Thousands) ​ Three Months Ended ​ Three Months Ended ​ ​ September 30, 2020 ​ September 30, 2019 ​ ​ Number ​ ​ ​ Number ​ ​ ​ ​ of ​ Recorded ​ of ​ Recorded ​ ​ Loans ​ Investment ​ Loans ​ Investment Residential mortgage - junior liens 0 $ 0 1 $ 18 Commercial loans secured by real estate ​ 1 ​ ​ 240 ​ 0 ​ ​ 0 Commercial and industrial 0 ​ ​ 0 9 ​ ​ 431 Agricultural loans ​ 0 ​ ​ 0 ​ 1 ​ ​ 81 Total 1 ​ $ 240 12 ​ $ 530 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ (Balances in Thousands) ​ Nine Months Ended ​ Nine Months Ended ​ ​ September 30, 2020 ​ September 30, 2019 ​ ​ Number ​ ​ ​ Number ​ ​ ​ ​ of ​ Recorded ​ of ​ Recorded ​ ​ Loans ​ Investment ​ Loans ​ Investment Residential mortgage - junior liens 0 $ 0 1 $ 18 Commercial loans secured by real estate ​ 1 ​ ​ 240 ​ 0 ​ ​ 0 Commercial and industrial 0 ​ ​ 0 9 ​ ​ 431 Agricultural loans ​ 0 ​ ​ 0 ​ 1 ​ ​ 81 Total 1 ​ $ 240 12 ​ $ 530
Schedule of residential real estate properties as a result of obtaining physical possession	​ ​ ​ ​ ​ ​ ​ ​ (In Thousands) September 30, December 31, ​ ​ 2020 ​ 2019 Foreclosed residential real estate ​ $ 104 ​ $ 292
Schedule of mortgage loans secured by residential real properties	​ ​ ​ ​ ​ ​ ​ ​ (In Thousands) September 30, December 31, ​ ​ 2020 ​ 2019 Residential real estate in process of foreclosure ​ $ 1,719 ​ $ 1,717
Troubled Debt Restructuring
LOANS
Schedule of outstanding balance of loans as troubled debt restructurings	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three Months Ended ​ Three Months Ended ​ ​ September 30, 2020 ​ September 30, 2019 ​ ​ ​ ​ Post- ​ ​ ​ Post- ​ ​ Number ​ Modification ​ Number ​ Modification ​ ​ of ​ Recorded ​ of ​ Recorded (Balances in Thousands) ​ Loans ​ Investment ​ Loans ​ Investment Commercial loans secured by real estate: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Principal and interest payment deferral non-COVID related 2 $ 4,831 0 $ 0 Extended interest only payments and reduced monthly payments with a balloon payment at maturity 0 ​ 0 1 ​ 1,261 Multi-family (5 or more) residential: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Principal and interest payment deferral non-COVID related ​ 3 ​ ​ 2,170 ​ 0 ​ ​ 0 Total 5 $ 7,001 1 $ 1,261 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ (Balances in Thousands) ​ Nine Months Ended ​ Nine Months Ended ​ ​ September 30, 2020 ​ September 30, 2019 ​ ​ Post- ​ Post- ​ ​ Number ​ Modification ​ Number ​ Modification ​ ​ of ​ Recorded ​ of ​ Recorded ​ ​ Loans ​ Investment ​ Loans ​ Investment Residential mortgage - junior liens: ​ ​ Reduced monthly payments and extended maturity date 0 ​ $ 0 1 ​ $ 18 New loan at lower than risk-adjusted market rate to borrower from whom short sale of other collateral was accepted 1 ​ 30 0 ​ 0 Commerical loans secured by real estate: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Interest only payments for a nine-month period ​ 1 ​ ​ 240 ​ 0 ​ ​ 0 Principal and interest payment deferral non-COVID related ​ 2 ​ ​ 4,831 ​ 0 ​ ​ 0 Extended interest only payments and reduced monthly payments with a balloon payment at maturity ​ 0 ​ ​ 0 ​ 1 ​ ​ 1,261 Commercial and industrial, ​ ​ Reduced monthly payments and extended maturity date 0 ​ ​ 0 9 ​ ​ 448 Multi-family (5 or more) residential, ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Principal and interest payment deferral non-COVID related ​ 3 ​ ​ 2,170 ​ 0 ​ ​ 0 Agricultural loans, ​ ​ Reduced monthly payments and extended maturity date 0 ​ 0 1 ​ 84 Total 7 ​ $ 7,271 12 ​ $ 1,811 ​

GOODWILL AND OTHER INTANGIBLE_2

GOODWILL AND OTHER INTANGIBLE ASSETS (Tables)	9 Months Ended
	Sep. 30, 2020
GOODWILL AND OTHER INTANGIBLE ASSETS
Schedule of Goodwill and Intangible Assets	​ ​ ​ ​ ​ ​ ​ ​ (In Thousands) September 30, December 31, ​ ​ 2020 ​ 2019 Gross amount ​ $ 6,639 ​ $ 3,495 Accumulated amortization ​ (2,580) ​ (2,248) Net ​ $ 4,059 ​ $ 1,247
Schedule of amortization expense related to core deposit intangibles is included in other noninterest expense in the consolidated statements of income	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ (In Thousands) ​ Three Months Ended ​ Nine Months Ended ​ ​ September 30, ​ September 30, ​ September 30, ​ September 30, ​ 2020 2019 2020 2019 Amortization expense ​ $ 208 $ 74 $ 332 $ 149 ​
Schedule of Goodwill	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ (In Thousands) Three Months Ended ​ Nine Months Ended ​ September 30, ​ September 30, ​ September 30, ​ September 30, ​ 2020 ​ 2019 ​ 2020 ​ 2019 Balance, beginning of period $ 28,388 ​ $ 28,618 ​ $ 28,388 ​ $ 11,942 Goodwill arising in business combination ​ 24,138 ​ ​ 0 ​ ​ 24,138 ​ ​ 16,676 Balance, end of period $ 52,526 ​ $ 28,618 ​ $ 52,526 ​ $ 28,618 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

BORROWED FUNDS AND SUBORDINAT_2

BORROWED FUNDS AND SUBORDINATED DEBT (Tables)	9 Months Ended
	Sep. 30, 2020
BORROWED FUNDS AND SUBORDINATED DEBT
Schedule of short term borrowings	​ ​ ​ ​ ​ ​ ​ ​ (In Thousands) September 30, December 31, ​ ​ 2020 ​ 2019 FHLB-Pittsburgh borrowings ​ $ 38,557 ​ $ 84,292 Customer repurchase agreements ​ 2,313 ​ 1,928 Total short-term borrowings ​ $ 40,870 ​ $ 86,220 ​ ​ ​ ​ ​ ​ ​ ​ ​ (In Thousands) September 30, December 31, ​ ​ 2020 ​ 2019 Overnight borrowing ​ $ 0 ​ $ 64,000 Other short-term advances ​ 38,557 ​ 20,292 Total short-term FHLB-Pittsburgh borrowings ​ $ 38,557 ​ $ 84,292 ​
Schedule of long term borrowings	​ ​ ​ ​ ​ ​ ​ ​ (In Thousands) September 30, December 31, ​ ​ 2020 ​ 2019 Loans matured in 2020 with a weighted-average rate of 2.71% ​ $ 0 ​ $ 5,069 Loans maturing in 2021 with a weighted-average effective rate of 1.36% ​ ​ 26,124 ​ ​ 6,000 Loans maturing in 2022 with a weighted-average effective rate of 1.40% ​ ​ 35,740 ​ ​ 20,000 Loans maturing in 2023 with a weighted-average effective rate of ​ ​ 27,750 ​ ​ 20,500 Loans maturing in 2024 with a weighted-average effective rate of 1.06% ​ ​ 12,683 ​ ​ 0 Loan maturing in 2025 with a rate of 4.91% ​ 490 ​ 558 Total long-term FHLB-Pittsburgh borrowings ​ $ 102,787 ​ $ 52,127
Schedule of outstanding subordinated debt	​ ​ ​ ​ ​ ​ ​ ​ (In Thousands) September 30, December 31, ​ ​ 2020 ​ 2019 Agreements with an aggregate par value of $8,000,000; bearing interest at 6.25%; maturing in June 2026 and redeemable at par in June 2021 ​ $ 8,042 ​ $ 0 Agreements with an aggregate par value of $6,500,000; bearing interest at 6.50%; maturing in April 2027 and redeemable at par in April 2022 ​ ​ 6,500 ​ ​ 6,500 Agreement with a par value of $2,000,000; bearing interest at 6.50%; maturing in July 2027 and redeemable at par in July 2022 ​ ​ 2,030 ​ ​ 0 Total carrying value ​ $ 16,572 ​ $ 6,500

STOCK-BASED COMPENSATION PLANS

STOCK-BASED COMPENSATION PLANS (Tables)	9 Months Ended
	Sep. 30, 2020
STOCK-BASED COMPENSATION PLANS
Summary of restricted stock awards granted	​ ​ ​ ​ ​ ​ ​ (Dollars in Thousands) ​ Aggregate ​ ​ ​ ​ Grant ​ ​ ​ ​ Date ​ ​ Number of ​ Fair ​ ​ Shares ​ Value 1st quarter 2020 awards: ​ ​ ​ ​ ​ Time-based awards to independent directors ​ 7,580 ​ $ 200 Time-based awards to employees ​ 30,381 ​ ​ 801 Performance-based awards to employees ​ 17,903 ​ ​ 343 3rd quarter 2020 awards, ​ ​ ​ ​ ​ Time-based awards to employees ​ 15,076 ​ ​ 300 Total ​ 70,940 ​ $ 1,644

DERIVATIVE FINANCIAL INSTRUME_2

DERIVATIVE FINANCIAL INSTRUMENTS (Tables)	9 Months Ended
	Sep. 30, 2020
DERIVATIVE FINANCIAL INSTRUMENTS
Summary of fair value of the Corporation's derivative financial instruments as well as their classification on the consolidated balance sheet	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ (In Thousands) At September 30, 2020 ​ Asset Derivatives ​ Liability Derivatives ​ Notional ​ Fair ​ Notional ​ Fair ​ Amount ​ Value (1) ​ Amount ​ Value (2) Interest rate swap agreements $ 68,310 ​ $ 7,478 ​ $ 68,310 ​ $ 7,478

FAIR VALUE MEASUREMENTS AND F_2

FAIR VALUE MEASUREMENTS AND FAIR VALUES OF FINANCIAL INSTRUMENTS (Tables)	9 Months Ended
	Sep. 30, 2020
FAIR VALUE MEASUREMENTS AND FAIR VALUES OF FINANCIAL INSTRUMENTS
Schedule of fair Value, by Balance Sheet Grouping	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ September 30, 2020 ​ Quoted ​ ​ ​ ​ ​ ​ ​ ​ Prices ​ Other ​ ​ ​ ​ ​ ​ ​ ​ in Active ​ Observable ​ Unobservable ​ Total ​ ​ Markets ​ Inputs ​ Inputs ​ Fair (In Thousands) ​ (Level 1) ​ (Level 2) ​ (Level 3) ​ Value Recurring fair value measurements, assets: ​ ​ ​ ​ AVAILABLE-FOR-SALE DEBT SECURITIES: ​ ​ ​ ​ Obligations of the U.S. Treasury ​ $ 0 ​ $ 12,226 ​ $ 0 ​ $ 12,226 Obligations of U.S. Government agencies ​ ​ 0 ​ ​ 16,355 ​ ​ 0 ​ ​ 16,355 Obligations of states and political subdivisions: ​ ​ ​ ​ ​ ​ Tax-exempt ​ 0 ​ 109,668 ​ 0 ​ 109,668 Taxable ​ 0 ​ 44,195 ​ 0 ​ 44,195 Mortgage-backed securities issued or guaranteed by U.S. Government agencies or sponsored agencies: ​ ​ ​ ​ Residential pass-through securities ​ 0 ​ 46,211 ​ 0 ​ 46,211 Residential collateralized mortgage obligations ​ 0 ​ 69,337 ​ 0 ​ 69,337 Commercial mortgage-backed securities ​ 0 ​ 42,553 ​ 0 ​ 42,553 Total available for sale debt Securities ​ 0 ​ 340,545 ​ 0 ​ 340,545 Marketable equity security ​ 1,003 ​ 0 ​ 0 ​ 1,003 Servicing rights ​ 0 ​ 0 ​ 1,437 ​ 1,437 Interest rate swap agreements, assets ​ ​ 0 ​ ​ 7,478 ​ ​ 0 ​ ​ 7,478 Total recurring fair value measurements, assets ​ $ 1,003 ​ $ 348,023 ​ $ 1,437 ​ $ 350,463 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Recurring fair value measurements, liabilities, ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Interest rate swap agreements, liabilities ​ $ 0 ​ $ 7,478 ​ $ 0 ​ $ 7,478 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Nonrecurring fair value measurements, assets: ​ ​ ​ ​ Impaired loans with a valuation allowance ​ ​ 0 ​ ​ 0 ​ ​ 8,085 ​ ​ 8,085 Valuation allowance ​ 0 ​ 0 ​ (651) ​ (651) Impaired loans, net ​ 0 ​ 0 ​ 7,434 ​ 7,434 Foreclosed assets held for sale ​ 0 ​ 0 ​ 2,369 ​ 2,369 Total nonrecurring fair value measurements, assets ​ $ 0 ​ $ 0 ​ $ 9,803 ​ $ 9,803 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, 2019 ​ Quoted ​ ​ ​ ​ ​ ​ ​ ​ Prices ​ Other ​ ​ ​ ​ ​ ​ ​ ​ in Active ​ Observable ​ Unobservable ​ Total ​ ​ Markets ​ Inputs ​ Inputs ​ Fair (In Thousands) ​ (Level 1) ​ (Level 2) ​ (Level 3) ​ Value Recurring fair value measurements, assets: ​ ​ ​ ​ AVAILABLE-FOR-SALE DEBT SECURITIES: ​ ​ ​ ​ Obligations of U.S. Government agencies ​ $ 0 ​ $ 17,000 ​ $ 0 ​ $ 17,000 Obligations of states and political subdivisions: ​ ​ ​ ​ Tax-exempt ​ 0 ​ 70,760 ​ 0 ​ 70,760 Taxable ​ 0 ​ 36,303 ​ 0 ​ 36,303 Mortgage-backed securities issued or guaranteed by U.S. Government agencies or sponsored agencies: ​ ​ ​ ​ Residential pass-through securities ​ 0 ​ 59,210 ​ 0 ​ 59,210 Residential collateralized mortgage obligations ​ 0 ​ 114,723 ​ 0 ​ 114,723 Commercial mortgage-backed securities ​ 0 ​ 48,727 ​ 0 ​ 48,727 Total available-for-sale debt securities ​ 0 ​ 346,723 ​ 0 ​ 346,723 Marketable equity security ​ 979 ​ 0 ​ 0 ​ 979 Servicing rights ​ 0 ​ 0 ​ 1,277 ​ 1,277 Total recurring fair value measurements ​ $ 979 ​ $ 346,723 ​ $ 1,277 ​ $ 348,979 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Nonrecurring fair value measurements, assets ​ ​ ​ ​ Impaired loans with a valuation allowance ​ $ 0 ​ $ 0 ​ $ 3,375 ​ $ 3,375 Valuation allowance ​ 0 ​ 0 ​ (1,051) ​ (1,051) Impaired loans, net ​ 0 ​ 0 ​ 2,324 ​ 2,324 Foreclosed assets held for sale ​ 0 ​ 0 ​ 2,886 ​ 2,886 Total nonrecurring fair value measurements, assets ​ $ 0 ​ $ 0 ​ $ 5,210 ​ $ 5,210
Schedule of fair Value Measurement Inputs and Valuation Techniques	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Fair Value at ​ ​ ​ 9/30/2020 ​ Valuation ​ Unobservable ​ ​ ​ ​ Method or Value As of Asset ​ (In Thousands) ​ Technique ​ Input(s) ​ ​ ​ ​ 9/30/2020 Servicing rights ​ $ 1,437 Discounted cash flow Discount rate ​ 12.50 % Rate used through modeling period ​ ​ ​ ​ ​ Loan prepayment speeds ​ ​ 354.00 % Weighted-average PSA ​ ​ ​ ​ ​ Servicing fees ​ ​ 0.25 % of loan balances ​ ​ ​ ​ ​ ​ ​ ​ ​ 4.00 % of payments are late ​ ​ ​ ​ ​ ​ ​ ​ ​ 5.00 % late fees assessed ​ ​ ​ ​ ​ ​ ​ ​ ​ $ 1.94 ​ Miscellaneous fees per account per month ​ ​ ​ ​ ​ Servicing costs ​ $ 6.00 ​ Monthly servicing cost per account ​ ​ ​ ​ ​ ​ ​ ​ ​ $ 24.00 ​ Additional monthly servicing cost per loan on loans more than 30 days delinquent ​ ​ ​ ​ ​ ​ ​ ​ ​ 1.50 % of loans more than 30 days delinquent ​ ​ ​ ​ ​ ​ ​ ​ 3.00 % annual increase in servicing costs ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Fair Value at ​ ​ ​ 12/31/2019 ​ Valuation ​ Unobservable ​ ​ ​ ​ Method or Value As of Asset ​ (In Thousands) ​ Technique ​ Input(s) ​ ​ ​ ​ 12/31/2019 Servicing rights ​ $ 1,277 Discounted cash flow Discount rate ​ 12.50 % Rate used through modeling period ​ ​ ​ ​ ​ Loan prepayment speeds ​ ​ 183.00 % Weighted-average PSA ​ ​ ​ ​ ​ Servicing fees ​ ​ 0.25 % of loan balances ​ ​ ​ ​ ​ ​ ​ ​ ​ 4.00 % of payments are late ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 5.00 % late fees assessed ​ ​ ​ ​ ​ ​ ​ ​ ​ $ 1.94 Miscellaneous fees per account per month ​ ​ ​ ​ ​ ​ Servicing costs ​ $ 6.00 ​ Monthly servicing cost per account ​ ​ ​ ​ ​ ​ ​ ​ ​ $ 24.00 ​ Additional monthly servicing cost per loan on loans more than 30 days delinquent ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 1.50 % of loans more than 30 days delinquent ​ ​ ​ ​ ​ ​ ​ ​ 3.00 % annual increase in servicing costs
Schedule of fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ (In Thousands) ​ Three Months Ended ​ Nine Months Ended ​ September 30, 2020 September 30, 2019 September 30, 2020 September 30, 2019 Servicing rights balance, beginning of period ​ $ 1,284 ​ $ 1,322 ​ $ 1,277 ​ $ 1,404 Originations of servicing rights ​ 374 ​ 70 ​ 777 ​ 136 Unrealized losses included in earnings ​ (221) ​ (164) ​ (617) ​ (312) Servicing rights balance, end of period ​ $ 1,437 ​ $ 1,228 ​ $ 1,437 ​ $ 1,228
Schedule of fair Value Measurements, Recurring and Nonrecurring	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ (In Thousands) ​ Fair Value ​ September 30, 2020 ​ December 31, 2019 ​ ​ Hierarchy ​ Carrying ​ Fair ​ Carrying ​ Fair ​ Level Amount Value Amount Value Financial assets: ​ ​ ​ ​ Cash and cash equivalents Level 1 ​ $ 168,148 ​ $ 168,148 ​ $ 31,122 ​ $ 31,122 Certificates of deposit Level 2 ​ 6,330 ​ 6,567 ​ 4,080 ​ 4,227 Restricted equity securities (included in Other Assets) Level 2 ​ 12,179 ​ 12,179 ​ 10,321 ​ 10,321 Loans, net Level 3 ​ 1,680,617 ​ 1,686,087 ​ 1,172,386 ​ 1,181,000 Accrued interest receivable Level 2 ​ 8,296 ​ 8,296 ​ 5,001 ​ 5,001 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Financial liabilities: ​ ​ ​ ​ Deposits with no stated maturity Level 2 ​ 1,440,602 ​ 1,440,602 ​ 877,965 ​ 877,965 Time deposits Level 2 ​ 430,912 ​ 434,978 ​ 374,695 ​ 376,738 Short-term borrowings Level 2 ​ 40,870 ​ 40,902 ​ 86,220 ​ 86,166 Long-term borrowings Level 2 ​ 102,787 ​ 105,336 ​ 52,127 ​ 52,040 Subordinated debt ​ Level 2 ​ ​ 16,572 ​ ​ 16,680 ​ ​ 6,500 ​ ​ 6,499 Accrued interest payable Level 2 ​ 563 ​ 563 ​ 311 ​ 311
Recurring fair value measurements
FAIR VALUE MEASUREMENTS AND FAIR VALUES OF FINANCIAL INSTRUMENTS
Schedule of fair Value Measurement Inputs and Valuation Techniques	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ (In Thousands, Except ​ ​ ​ ​ Weighted Percentages) ​ ​ ​ ​ Valuation ​ ​ ​ ​ ​ Average ​ ​ Balance at ​ Allowance at ​ Fair Value at ​ Valuation ​ Unobservable ​ Discount at Asset ​ 9/30/2020 ​ 9/30/2020 ​ 9/30/2020 ​ Technique ​ Inputs ​ 9/30/2020 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Impaired loans: ​ ​ ​ ​ Residential mortgage loans - first and junior liens ​ $ 1,516 ​ $ 170 ​ $ 1,346 Sales comparison Discount to appraised value 31 % Commercial: ​ ​ ​ ​ ​ ​ ​ Commercial loans secured by real estate ​ 6,497 ​ 409 ​ 6,088 Sales comparison Discount to appraised value 38 % Commercial and industrial ​ 72 ​ 72 ​ 0 Liquidation of assets Discount to appraised value 100 % Total impaired loans ​ $ 8,085 ​ $ 651 ​ $ 7,434 ​ Foreclosed assets held for sale - real estate: ​ ​ ​ ​ Residential (1-4 family) ​ $ 104 ​ $ 0 ​ $ 104 Sales comparison Discount to appraised value 47 % Commercial real estate ​ 2,265 ​ 0 ​ 2,265 Sales comparison Discount to appraised value 34 % Total foreclosed assets held for sale ​ $ 2,369 ​ $ 0 ​ $ 2,369 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ (In Thousands, Except ​ ​ ​ ​ Weighted Percentages) ​ ​ ​ Valuation ​ ​ ​ ​ ​ Average ​ ​ Balance at ​ Allowance at ​ Fair Value at ​ Valuation ​ Unobservable ​ Discount at Asset ​ 12/31/2019 ​ 12/31/2019 ​ 12/31/2019 ​ Technique ​ Inputs ​ 12/31/2019 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Impaired loans: ​ ​ ​ ​ Residential mortgage loans - first and junior liens ​ $ 732 ​ $ 176 ​ $ 556 Sales comparison Discount to appraised value 30 % Commercial: ​ ​ ​ ​ Commercial and industrial ​ 106 ​ 89 ​ 17 Sales comparison Discount to appraised value 69 % Commercial and industrial ​ 798 ​ 60 ​ 738 Liquidation of accounts receivable Discount to borrower's financial statement value 15 % Commercial construction and land ​ 1,261 ​ 678 ​ 583 Sales comparison Discount to appraised value 47 % Loans secured by farmland ​ 478 ​ 48 ​ 430 Sales comparison Discount to appraised value 46 % Total impaired loans ​ $ 3,375 ​ $ 1,051 ​ $ 2,324 ​ Foreclosed assets held for sale - real estate: ​ ​ ​ ​ Residential (1-4 family) ​ $ 292 ​ $ 0 ​ $ 292 Sales comparison Discount to appraised value 46 % Land ​ 70 ​ 0 ​ 70 Sales comparison Discount to appraised value 53 % Commercial real estate ​ 2,524 ​ 0 ​ 2,524 Sales comparison Discount to appraised value 39 % Total foreclosed assets held for sale ​ $ 2,886 ​ $ 0 ​ $ 2,886 ​

BUSINESS COMBINATIONS - Covenan

BUSINESS COMBINATIONS - Covenant Financial (Details) - USD ($)	Jul. 01, 2020	Sep. 30, 2020	Jun. 30, 2020	Dec. 31, 2019	Sep. 30, 2019	Jun. 30, 2019	Dec. 31, 2018
BUSINESS COMBINATIONS
Goodwill		$ 52,526,000	$ 28,388,000	$ 28,388,000	$ 28,618,000	$ 28,618,000	$ 11,942,000
Covenant Financial Inc.
BUSINESS COMBINATIONS
Total purchase consideration	$ 63,266,000
Cash paid	$ 21,654,000
Shares of common stock issued	2,047,819
Value of common stock issued	$ 41,612,000
Stock issuance cost	183,000
Fair value of assets acquired	608,631,000
Fair value of liabilities assumed	569,503,000
Goodwill	$ 24,138,000
Refinement term of assets and liabilities	1 year

BUSINESS COMBINATIONS - Coven_2

BUSINESS COMBINATIONS - Covenant Financial Consideration (Details) - Covenant Financial Inc.	Jul. 01, 2020USD ($)
Fair value of consideration transferred:
Cash	$ 21,837,000
Common stock issued	41,429,000
Total consideration transferred	$ 63,266,000

BUSINESS COMBINATIONS - Coven_3

BUSINESS COMBINATIONS - Covenant Financial Assets and Liabilities (Details) - USD ($)	Sep. 30, 2020	Jul. 01, 2020	Jun. 30, 2020	Dec. 31, 2019	Sep. 30, 2019	Jun. 30, 2019	Dec. 31, 2018
BUSINESS COMBINATIONS
Goodwill	$ 52,526,000		$ 28,388,000	$ 28,388,000	$ 28,618,000	$ 28,618,000	$ 11,942,000
Covenant Financial Inc.
BUSINESS COMBINATIONS
Cash and cash equivalents		$ 97,792,000
Available-for-sale debt securities		10,754,000
Loans receivable		464,792,000
Bank-owned life insurance		11,170,000
Accrued interest receivable		1,922,000
Bank premises and equipment		3,250,000
Foreclosed assets held for sale		860,000
Deferred tax asset, net		1,469,000
Core deposit intangible		3,144,000
Goodwill		24,138,000
Other assets		13,478,000
Deposits		(481,796,000)
Short-term borrowings		(33,950,000)
Long-term borrowings		(30,025,000)
Subordinated debt		(10,091,000)
Accrued interest and other liabilities		(13,641,000)
Estimated excess fair value of assets acquired over liabilities assumed		63,266,000
Federal Home Loan Bank of Pittsburgh stock		2,939,000
Covenant Financial Inc. | Core Deposits
BUSINESS COMBINATIONS
Core deposit intangible		$ 3,144,000

BUSINESS COMBINATIONS - Coven_4

BUSINESS COMBINATIONS - Covenant Financial Loans (Details) $ in Thousands	Jul. 01, 2020USD ($)loan
BUSINESS COMBINATIONS
Loans acquired	$ 464,792
Performing
BUSINESS COMBINATIONS
Loans acquired	457,588
PCI
BUSINESS COMBINATIONS
Loans acquired	7,204
Home equity lines of credit
BUSINESS COMBINATIONS
Loans acquired	8,368
Home equity lines of credit | Performing
BUSINESS COMBINATIONS
Loans acquired	8,368
Home equity lines of credit | PCI
BUSINESS COMBINATIONS
Loans acquired	0
Construction Loans
BUSINESS COMBINATIONS
Loans acquired	11,437
Construction Loans | Performing
BUSINESS COMBINATIONS
Loans acquired	11,437
Construction Loans | PCI
BUSINESS COMBINATIONS
Loans acquired	0
Commercial and industrial
BUSINESS COMBINATIONS
Loans acquired	39,874
Commercial and industrial | Performing
BUSINESS COMBINATIONS
Loans acquired	39,068
Commercial and industrial | PCI
BUSINESS COMBINATIONS
Loans acquired	806
Small Business Administration - Paycheck Protection Program
BUSINESS COMBINATIONS
Loans acquired	63,740
Small Business Administration - Paycheck Protection Program | Performing
BUSINESS COMBINATIONS
Loans acquired	63,740
Small Business Administration - Paycheck Protection Program | PCI
BUSINESS COMBINATIONS
Loans acquired	0
Loans secured by farm land
BUSINESS COMBINATIONS
Loans acquired	73
Loans secured by farm land | Performing
BUSINESS COMBINATIONS
Loans acquired	73
Loans secured by farm land | PCI
BUSINESS COMBINATIONS
Loans acquired	0
Multi-family (5 or more) residential
BUSINESS COMBINATIONS
Loans acquired	25,236
Multi-family (5 or more) residential | Performing
BUSINESS COMBINATIONS
Loans acquired	23,065
Multi-family (5 or more) residential | PCI
BUSINESS COMBINATIONS
Loans acquired	2,171
Other commercial loans
BUSINESS COMBINATIONS
Loans acquired	952
Other commercial loans | Performing
BUSINESS COMBINATIONS
Loans acquired	952
Other commercial loans | PCI
BUSINESS COMBINATIONS
Loans acquired	0
Residential mortgage
BUSINESS COMBINATIONS
Loans acquired	89,904
Residential mortgage | Performing
BUSINESS COMBINATIONS
Loans acquired	89,829
Residential mortgage | PCI
BUSINESS COMBINATIONS
Loans acquired	75
Residential mortgage | first liens | Real estate loan
BUSINESS COMBINATIONS
Loans acquired	65,883
Residential mortgage | first liens | Real estate loan | Performing
BUSINESS COMBINATIONS
Loans acquired	65,883
Residential mortgage | first liens | Real estate loan | PCI
BUSINESS COMBINATIONS
Loans acquired	0
Residential mortgage | junior liens | Real estate loan
BUSINESS COMBINATIONS
Loans acquired	4,216
Residential mortgage | junior liens | Real estate loan | Performing
BUSINESS COMBINATIONS
Loans acquired	4,141
Residential mortgage | junior liens | Real estate loan | PCI
BUSINESS COMBINATIONS
Loans acquired	75
Commercial
BUSINESS COMBINATIONS
Loans acquired	374,509
Commercial | Performing
BUSINESS COMBINATIONS
Loans acquired	367,380
Commercial | PCI
BUSINESS COMBINATIONS
Loans acquired	7,129
Commercial | Loans secured by Real Estate
BUSINESS COMBINATIONS
Loans acquired	244,634
Commercial | Loans secured by Real Estate | Performing
BUSINESS COMBINATIONS
Loans acquired	240,482
Commercial | Loans secured by Real Estate | PCI
BUSINESS COMBINATIONS
Loans acquired	4,152
Consumer
BUSINESS COMBINATIONS
Loans acquired	379
Consumer | Performing
BUSINESS COMBINATIONS
Loans acquired	379
Consumer | PCI
BUSINESS COMBINATIONS
Loans acquired	$ 0
Covenant Financial Inc.
BUSINESS COMBINATIONS
Number acquired loans that displayed evidence of credit quality deterioration | loan	24

BUSINESS COMBINATIONS - Coven_5

BUSINESS COMBINATIONS - Covenant Financial Loans Fair Value Adjustments (Details) - Covenant Financial Inc. $ in Thousands	Jul. 01, 2020USD ($)
BUSINESS COMBINATIONS
Gross amortized cost at acquisition	$ 472,012
Fair value adjustments:
Market rates	2,909
Credit adjustment on non-impaired loans	(7,219)
Credit adjustment on impaired loans	(2,910)
Fair value at acquisition	$ 464,792

BUSINESS COMBINATIONS - Coven_6

BUSINESS COMBINATIONS - Covenant Financial Other Information (Details) - Covenant Financial Inc. - USD ($)	Jul. 01, 2020	Sep. 30, 2020	Sep. 30, 2020
BUSINESS COMBINATIONS
Core deposit intangible	$ 3,144,000
Merger related expenses		$ 6,402,000	$ 7,526,000
Subordinated debt, maturity June 2021, interest at 6.25%
BUSINESS COMBINATIONS
Debt par value	8,000,000
Stated interest rate		6.25%	6.25%
Subordinated debt, maturity July 2027, interest 6.50%
BUSINESS COMBINATIONS
Debt par value	$ 2,000,000
Stated interest rate	6.50%
Core Deposits
BUSINESS COMBINATIONS
Core deposit intangible	$ 3,144,000
Weighted-average life	5 years 4 months 24 days

BUSINESS COMBINATIONS - Coven_7

BUSINESS COMBINATIONS - Covenant Financial Pro Forma (Details) - Covenant Financial Inc. - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019
BUSINESS COMBINATIONS
Merger related expenses	$ 6,402,000		$ 8,879,000
Merger-related expenses, net of tax	5,095,000		7,101,000
Merger-related expenses, including Covenant's expense			1,353,000
Merger-related expenses, including Covenant's expense, net of tax			1,111,000
Tax benefits excluded from pro-forma realized from stock-based compensation vested			600,000
Interest income	21,632,000	$ 23,142,000	66,564,000	$ 64,800,000
Interest expense	3,091,000	4,367,000	10,727,000	10,747,000
Net interest income	18,541,000	18,775,000	55,837,000	54,053,000
Provision for loan losses	1,941,000	1,208,000	3,393,000	1,047,000
Net interest income after provision for loan losses	16,600,000	17,567,000	52,444,000	53,006,000
Noninterest income	6,970,000	5,523,000	18,092,000	15,546,000
Net gains on securities	25,000	13,000	25,000	20,000
Other noninterest expenses	14,572,000	14,530,000	45,604,000	46,198,000
Income before income tax provision	9,023,000	8,573,000	24,957,000	22,374,000
Income tax provision	1,605,000	1,511,000	4,610,000	3,886,000
Net income	$ 7,418,000	$ 7,062,000	$ 20,347,000	$ 18,488,000
Earnings per common share - basic (in dollars per share)	$ 0.47	$ 0.45	$ 1.28	$ 1.21
Earnings per common share - diluted (in dollars per share)	$ 0.47	$ 0.45	$ 1.28	$ 1.21

BUSINESS COMBINATIONS - Monumen

BUSINESS COMBINATIONS - Monument Bancorp (Details)	Apr. 01, 2019USD ($)Officeshares	Sep. 30, 2020USD ($)	Sep. 30, 2019USD ($)	Sep. 30, 2020USD ($)	Sep. 30, 2019USD ($)	Jun. 30, 2020USD ($)	Dec. 31, 2019USD ($)	Jun. 30, 2019USD ($)	Dec. 31, 2018USD ($)
BUSINESS COMBINATIONS
Goodwill		$ 52,526,000	$ 28,618,000	$ 52,526,000	$ 28,618,000	$ 28,388,000	$ 28,388,000	$ 28,618,000	$ 11,942,000
Realized gains on available-for-sale debt securities, net		25,000	13,000	25,000	20,000
Business Combination, Acquisition Related Costs		$ 6,402,000	206,000	$ 7,526,000	3,818,000
Monument Bancorp, Inc
BUSINESS COMBINATIONS
Common stock acquired (as a percent)	100.00%
Number of bank offices | Office	2
Number of lending office | Office	1
Total purchase consideration	$ 42,700,000
Payments to Acquire Businesses, Cash, Net of Stock Issuance Costs	$ 9,600,000
Business Acquisition, Equity Interest Issued or Issuable, Number of Shares (in shares) | shares	1,279,825
Common stock issued	$ 33,100,000
Business Combination, Consideration Transferred, Equity Interest Issuance Costs	181,000
Goodwill	16,400,000
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Loans Receivable	259,300,000
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Deposits	223,300,000
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Short-term Borrowing	111,600,000
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Subordinated Debt	12,400,000
Available-for-sale debt securities	94,600,000
Realized gains on available-for-sale debt securities, net	$ 0
Refinement term of assets and liabilities	1 year
Business Combination, Acquisition Related Costs			$ 206,000		$ 3,818,000
Monument Bancorp, Inc | Subordinated debt, Redeemed April 1, 2019
BUSINESS COMBINATIONS
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Subordinated Debt	$ 5,400,000
Embedded Derivative, Gain (Loss) on Embedded Derivative, Net, Total	0
Monument Bancorp, Inc | Core Deposits
BUSINESS COMBINATIONS
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Intangible Assets, Other than Goodwill, Total	$ 1,500,000

PER SHARE DATA (Details)

PER SHARE DATA (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019
PER SHARE DATA
Net income	$ 2,848	$ 5,307	$ 12,452	$ 14,046
Less: Dividends and undistributed earnings allocated to participating securities	(18)	(26)	(74)	(72)
Net income attributable to common shares	$ 2,830	$ 5,281	$ 12,378	$ 13,974
Basic weighted-average common shares outstanding (in shares)	15,778,391	13,627,676	14,388,797	13,182,960
Basic earnings per common share (a) (in dollars per share)	$ 0.18	$ 0.39	$ 0.86	$ 1.06
Net income attributable to common shares	$ 2,830	$ 5,281	$ 12,378	$ 13,974
Dilutive effect of potential common stock arising from stock options (in shares)	1,330	19,142	4,632	23,284
Diluted weighted-average common shares outstanding (in shares)	15,779,721	13,646,818	14,393,429	13,206,244
Diluted earnings per common share (a) (in dollars per share)	$ 0.18	$ 0.39	$ 0.86	$ 1.06
Weighted-average nonvested restricted shares outstanding (in shares)	102,629	68,814	85,611	68,284

PER SHARE DATA - Additional Inf

PER SHARE DATA - Additional Information (Details) - shares	3 Months Ended		9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019
PER SHARE DATA
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount (in shares)	39,012	0	19,506	0

COMPREHENSIVE INCOME - Componen

COMPREHENSIVE INCOME - Components of Other Comprehensive Income (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019
COMPREHENSIVE INCOME
Unrealized holding gains on available-for-sale debt securities	$ (95)	$ 1,323	$ 9,980	$ 10,754
Unrealized holding gains on available-for-sale debt securities, income tax effect	19	(278)	(2,095)	(2,258)
Unrealized holding gains on available-for-sale debt securities, Net of Tax Amount	(76)	1,045	7,885	8,496
Reclassification adjustment for gains realized in income	(25)	(13)	(25)	(20)
Reclassification adjustment for (gains) realized in income, Income Tax Effect	5	3	5	4
Reclassification adjustment for (gains) realized in income. Net of Tax Amount	(20)	(10)	(20)	(16)
Other comprehensive income on available-for-sale debt securities	(120)	1,310	9,955	10,734
Other Comprehensive Income (Loss), Available-for-sale Securities, Tax, Portion Attributable to Parent	(24)	275	2,090	2,254
Other Comprehensive Income (Loss), Available-for-sale Securities Adjustment, Net of Tax, Portion Attributable to Parent	(96)	1,035	7,865	8,480
Changes from plan amendments and actuarial gains and losses, before tax amount	0	0	88	214
Changes from plan amendments and actuarial gains and losses, income tax effect			(18)	(45)
Changes from plan amendments and actuarial gains and losses, net of tax amount			70	169
Amortization of prior service cost and net actuarial gain included in net periodic benefit cost, before tax amount	(8)	(8)	(22)	(23)
Amortization of prior service cost and net actuarial gain included in net periodic benefit cost, income tax effect			5	4
Amortization of prior service cost and net actuarial gain included in net periodic benefit cost, net of tax amount			(17)	(19)
Other comprehensive (loss) income on unfunded retirement obligations	(8)	(8)	66	191
Other comprehensive income (loss) on unfunded retirement obligations, income tax effect	2	1	(13)	(41)
Other comprehensive income (loss) on unfunded retirement obligations, net of tax amount	(6)	(7)	53	150
Other comprehensive (loss) income before income tax	(128)	1,302	10,021	10,925
Total other comprehensive income (loss), income tax effect	26	(274)	(2,103)	(2,295)
Total other comprehensive income, net of tax amount	$ (102)	$ 1,028	$ 7,918	$ 8,630

COMPREHENSIVE INCOME - Changes

COMPREHENSIVE INCOME - Changes in the Components of Accumulated Other Comprehensive Income (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019
Balance	$ 255,791	$ 239,716	$ 244,452	$ 197,368
Other comprehensive income, net	(102)	1,028	7,918	8,630
Balance	296,316	242,939	296,316	242,939
AOCI, Accumulated Gain (Loss), Debt Securities, Available-for-sale, Parent
Balance	11,472	3,138	3,511	(4,307)
Other comprehensive income, net	(96)	1,035	7,865	8,480
Balance	11,376	4,173	11,376	4,173
Accumulated Defined Benefit Plans Adjustment Attributable to Parent
Balance	239	294	180	137
Other comprehensive income, net	(6)	(7)	53	150
Balance	233	287	233	287
AOCI Attributable to Parent
Balance	11,711	3,432	3,691	(4,170)
Other comprehensive income, net	(102)	1,028	7,918	8,630
Balance	$ 11,609	$ 4,460	$ 11,609	$ 4,460

CASH AND DUE FROM BANKS (Detail

CASH AND DUE FROM BANKS (Details) - USD ($) $ in Thousands	Sep. 30, 2020	Dec. 31, 2019
CASH AND DUE FROM BANKS
Cash and cash equivalents	$ 168,148	$ 31,122
Certificates of deposit	6,330	4,080
Total cash and due from banks	$ 174,478	$ 35,202

CASH AND DUE FROM BANKS - Addit

CASH AND DUE FROM BANKS - Additional Information (Details) - USD ($)	Sep. 30, 2020	Mar. 31, 2020	Dec. 31, 2019
CASH AND DUE FROM BANKS
Cash Reserve Deposit Required and Made	$ 0	$ 0
Restricted Cash and Cash Equivalents, Current, Total			$ 20,148,000

SECURITIES - Available-for-sale

SECURITIES - Available-for-sale Securities (Details) - USD ($) $ in Thousands	Sep. 30, 2020	Dec. 31, 2019
Available-for-sale Securities
Available-for-sale securities, amortized cost	$ 326,145	$ 342,278
Available-for-sale securities, gross unrealized holding gains	14,681	5,407
Available-for-sale securities, gross unrealized holding losses	(281)	(962)
Available-for-sale debt securities, at fair value	340,545	346,723
Obligations of the U.S. Treasury
Available-for-sale Securities
Available-for-sale securities, amortized cost	12,228
Available-for-sale securities, gross unrealized holding gains	0
Available-for-sale securities, gross unrealized holding losses	(2)
Available-for-sale debt securities, at fair value	12,226
Obligations of U.S. Government agencies
Available-for-sale Securities
Available-for-sale securities, amortized cost	15,348	16,380
Available-for-sale securities, gross unrealized holding gains	1,007	620
Available-for-sale securities, gross unrealized holding losses	0	0
Available-for-sale debt securities, at fair value	16,355	17,000
Obligations of States and Political Subdivisions Tax Exempt
Available-for-sale Securities
Available-for-sale securities, amortized cost	104,821	68,787
Available-for-sale securities, gross unrealized holding gains	5,057	2,011
Available-for-sale securities, gross unrealized holding losses	(210)	(38)
Available-for-sale debt securities, at fair value	109,668	70,760
Obligations of States and Political Subdivisions Taxable
Available-for-sale Securities
Available-for-sale securities, amortized cost	42,079	35,446
Available-for-sale securities, gross unrealized holding gains	2,161	927
Available-for-sale securities, gross unrealized holding losses	(45)	(70)
Available-for-sale debt securities, at fair value	44,195	36,303
Residential Pass-Through Securities
Available-for-sale Securities
Available-for-sale securities, amortized cost	44,697	58,875
Available-for-sale securities, gross unrealized holding gains	1,514	472
Available-for-sale securities, gross unrealized holding losses	0	(137)
Available-for-sale debt securities, at fair value	46,211	59,210
Residential Collateralized Mortgage Obligations
Available-for-sale Securities
Available-for-sale securities, amortized cost	67,635	115,025
Available-for-sale securities, gross unrealized holding gains	1,726	308
Available-for-sale securities, gross unrealized holding losses	(24)	(610)
Available-for-sale debt securities, at fair value	69,337	114,723
Commercial Mortgage Backed Securities
Available-for-sale Securities
Available-for-sale securities, amortized cost	39,337	47,765
Available-for-sale securities, gross unrealized holding gains	3,216	1,069
Available-for-sale securities, gross unrealized holding losses	0	(107)
Available-for-sale debt securities, at fair value	$ 42,553	$ 48,727

SECURITIES - Available-for-sa_2

SECURITIES - Available-for-sale Securities With Unrealized Loss Positions (Details) - USD ($) $ in Thousands	Sep. 30, 2020	Dec. 31, 2019
Available-for-sale securities with unrealized loss positions, less than 12 months, fair value	$ 38,308	$ 53,233
Available-for-sale securities with unrealized loss positions, less than 12 months, unrealized losses	(281)	(336)
Available-for-sale securities with unrealized loss positions, 12 months or more, fair value	0	53,990
Available-for-sale securities with unrealized loss positions, 12 months or more, unrealized losses	0	(626)
Available-for-sale securities with unrealized loss positions, fair value	38,308	107,223
Available-for-sale securities, with unrealized loss positions, unrealized losses	(281)	(962)
Obligations of the U.S. Treasury
Available-for-sale securities with unrealized loss positions, less than 12 months, fair value	12,226
Available-for-sale securities with unrealized loss positions, less than 12 months, unrealized losses	(2)
Available-for-sale securities with unrealized loss positions, 12 months or more, fair value	0
Available-for-sale securities with unrealized loss positions, 12 months or more, unrealized losses	0
Available-for-sale securities with unrealized loss positions, fair value	12,226
Available-for-sale securities, with unrealized loss positions, unrealized losses	(2)
Obligations of States and Political Subdivisions Tax Exempt
Available-for-sale securities with unrealized loss positions, less than 12 months, fair value	17,061	6,429
Available-for-sale securities with unrealized loss positions, less than 12 months, unrealized losses	(210)	(38)
Available-for-sale securities with unrealized loss positions, 12 months or more, fair value	0	0
Available-for-sale securities with unrealized loss positions, 12 months or more, unrealized losses	0	0
Available-for-sale securities with unrealized loss positions, fair value	17,061	6,429
Available-for-sale securities, with unrealized loss positions, unrealized losses	(210)	(38)
Obligations of States and Political Subdivisions Taxable
Available-for-sale securities with unrealized loss positions, less than 12 months, fair value	4,856	5,624
Available-for-sale securities with unrealized loss positions, less than 12 months, unrealized losses	(45)	(68)
Available-for-sale securities with unrealized loss positions, 12 months or more, fair value	0	161
Available-for-sale securities with unrealized loss positions, 12 months or more, unrealized losses	0	(2)
Available-for-sale securities with unrealized loss positions, fair value	4,856	5,785
Available-for-sale securities, with unrealized loss positions, unrealized losses	(45)	(70)
Residential Collateralized Mortgage Obligations
Available-for-sale securities with unrealized loss positions, less than 12 months, fair value	4,165	31,409
Available-for-sale securities with unrealized loss positions, less than 12 months, unrealized losses	(24)	(195)
Available-for-sale securities with unrealized loss positions, 12 months or more, fair value	0	30,535
Available-for-sale securities with unrealized loss positions, 12 months or more, unrealized losses	0	(415)
Available-for-sale securities with unrealized loss positions, fair value	4,165	61,944
Available-for-sale securities, with unrealized loss positions, unrealized losses	$ (24)	(610)
Residential Pass-Through Securities
Available-for-sale securities with unrealized loss positions, less than 12 months, fair value		9,771
Available-for-sale securities with unrealized loss positions, less than 12 months, unrealized losses		(35)
Available-for-sale securities with unrealized loss positions, 12 months or more, fair value		14,787
Available-for-sale securities with unrealized loss positions, 12 months or more, unrealized losses		(102)
Available-for-sale securities with unrealized loss positions, fair value		24,558
Available-for-sale securities, with unrealized loss positions, unrealized losses		(137)
Commercial Mortgage Backed Securities
Available-for-sale securities with unrealized loss positions, less than 12 months, fair value		0
Available-for-sale securities with unrealized loss positions, less than 12 months, unrealized losses		0
Available-for-sale securities with unrealized loss positions, 12 months or more, fair value		8,507
Available-for-sale securities with unrealized loss positions, 12 months or more, unrealized losses		(107)
Available-for-sale securities with unrealized loss positions, fair value		8,507
Available-for-sale securities, with unrealized loss positions, unrealized losses		$ (107)

SECURITIES - Gross Realized Gai

SECURITIES - Gross Realized Gains and Losses From Available-for-sale Debt Securities (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019
SECURITIES
Gross realized gains from sales	$ 26	$ 14	$ 78	$ 21
Gross realized losses from sales	(1)	(1)	(53)	(1)
Net realized gains	$ 25	$ 13	$ 25	$ 20

SECURITIES - Available-for-sa_3

SECURITIES - Available-for-sale Debt Securities by Contractual Maturity (Details) - USD ($) $ in Thousands	Sep. 30, 2020	Dec. 31, 2019
Available-for-sale Securities
Due in one year or less, amortized cost	$ 14,411
Due in one year or less, fair value	14,469
Due from one year through five years. amortized cost	45,804
Due from one year through five years, fair value	47,460
Due from five years through ten years, amortized cost	37,479
Due from five years through ten years, fair value	40,088
Due after ten years, amortized cost	76,782
Due after ten years, fair value	80,427
Sub-total, amortized cost	174,476
Sub-total, fair value	182,444
Total, amortized cost	326,145	$ 342,278
Total, fair value	340,545	346,723
Residential Pass-Through Securities
Available-for-sale Securities
Mortgage-backed securities issued or guaranteed by U.S. Government agencies or sponsored agencies, amortized cost	44,697
Mortgage-backed securities issued or guaranteed by U.S. Government agencies or sponsored agencies, fair value	46,211
Total, amortized cost	44,697	58,875
Total, fair value	46,211	59,210
Residential Collateralized Mortgage Obligations
Available-for-sale Securities
Mortgage-backed securities issued or guaranteed by U.S. Government agencies or sponsored agencies, amortized cost	67,635
Mortgage-backed securities issued or guaranteed by U.S. Government agencies or sponsored agencies, fair value	69,337
Total, amortized cost	67,635	115,025
Total, fair value	69,337	$ 114,723
Commercial mortgage-backed securities
Available-for-sale Securities
Mortgage-backed securities issued or guaranteed by U.S. Government agencies or sponsored agencies, amortized cost	39,337
Mortgage-backed securities issued or guaranteed by U.S. Government agencies or sponsored agencies, fair value	$ 42,553

SECURITIES - Additional Informa

SECURITIES - Additional Information (Details)	Sep. 30, 2020USD ($)item	Dec. 31, 2019USD ($)item
Equity Securities, FV-NI	$ 1,003,000	$ 979,000
Number of mutual funds | item	1	1
Mutual Fund
Equity Securities Unrealized Gain Cumulative Amount	$ 3,000
Equity Securities Unrealized Loss Cumulative Amount		$ 21,000
Other Assets | Federal Home Loan Bank of Pittsburgh
Federal Home Loan Bank Stock	11,929,000	10,131,000
Investment Securities [Member]
Debt Securities, Available-for-sale, Restricted	$ 255,312,000	$ 215,270,000

LOANS (Details)

LOANS (Details) - USD ($) $ in Thousands	Sep. 30, 2020	Jun. 30, 2020	Dec. 31, 2019	Sep. 30, 2019	Jun. 30, 2019	Dec. 31, 2018
LOANS
Loans receivable	$ 1,691,370		$ 1,182,222
Allowance for loan losses	(10,753)	$ (11,026)	(9,836)	$ (9,257)	$ (8,200)	$ (9,309)
Loans, net	1,680,617		1,172,386
Residential mortgage
LOANS
Loans receivable	639,023		586,580
Allowance for loan losses	(4,281)	(4,320)	(4,182)	(4,054)	(3,963)	(3,986)
Residential mortgage | Real estate loan | first liens
LOANS
Loans receivable	541,827		510,641
Allowance for loan losses	(3,465)	(3,531)	(3,405)	(3,164)	(3,130)	(3,156)
Residential mortgage | Real estate loan | junior liens
LOANS
Loans receivable	27,907		27,503
Allowance for loan losses	(358)	(365)	(384)	(350)	(333)	(325)
Residential mortgage | Home equity lines of credit
LOANS
Loans receivable	40,143		33,638
Allowance for loan losses	(289)	(287)	(276)	(282)	(280)	(302)
Residential mortgage | Construction Loans
LOANS
Loans receivable	29,146		14,798
Allowance for loan losses	(169)	(137)	(117)	(258)	(220)	(203)
Commercial
LOANS
Loans receivable	1,035,071		578,901
Allowance for loan losses	(5,629)	(5,858)	(4,788)	(4,344)	(3,388)	(4,591)
Commercial | Real estate loan
LOANS
Loans receivable	530,874		301,227
Allowance for loan losses	(2,386)	(2,426)	(1,921)	(2,505)	(1,577)	(2,538)
Commercial | Construction Loans
LOANS
Loans receivable	41,906		33,555
Allowance for loan losses	(440)	(420)	(966)	(158)	(152)	(110)
Commercial | Commercial and industrial
LOANS
Loans receivable	156,169		126,374
Allowance for loan losses	(2,251)	(2,496)	(1,391)	(1,256)	(1,246)	(1,553)
Commercial | Small Business Administration - Paycheck Protection Program
LOANS
Loans receivable	163,050		0
Allowance for loan losses	0
Commercial | Political subdivisions
LOANS
Loans receivable	47,883		53,570
Allowance for loan losses	0		0
Commercial | Loans secured by farm land
LOANS
Loans receivable	11,913		12,251
Allowance for loan losses	(121)	(146)	(158)	(101)	(102)	(102)
Commercial | Multi-family (5 or more) residential
LOANS
Loans receivable	62,330		31,070
Allowance for loan losses	(227)	(163)	(156)	(155)	(150)	(114)
Commercial | Agricultural loans
LOANS
Loans receivable	3,561		4,319
Allowance for loan losses	(37)	(40)	(41)	(49)	(42)	(46)
Commercial | Other commercial loans
LOANS
Loans receivable	17,385		16,535
Allowance for loan losses	(167)	(167)	(155)	(120)	(119)	(128)
Consumer
LOANS
Loans receivable	17,276		16,741
Allowance for loan losses	$ (258)	$ (263)	$ (281)	$ (274)	$ (264)	$ (233)

LOANS - Loans Modified Under Co

LOANS - Loans Modified Under Covid-19 Program (Details) $ in Thousands	Sep. 30, 2020USD ($)loan
LOANS
Loans Modified, Number of Loans | loan	44
Loans Modified, Recorded Investment | $	$ 41,639
Residential mortgage
LOANS
Loans Modified, Number of Loans | loan	16
Loans Modified, Recorded Investment | $	$ 1,727
Commercial
LOANS
Loans Modified, Number of Loans | loan	28
Loans Modified, Recorded Investment | $	$ 39,912

LOANS - Adjustments to Initial

LOANS - Adjustments to Initial Discounts and Carrying Amounts of Loans (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019
Market Rate Adjustment
Accounts, Notes, Loans and Financing Receivable [Line Items]
Adjustments to gross amortized cost of loans, Beginning balance	$ (1,103)	$ (1,658)	$ (1,415)	$ 0
Adjustment recorded in acquisition	2,909	0	2,909	(1,807)
Accretion recognized in interest income	(452)	110	(140)	259
Adjustments to gross amortized cost of loans, Ending balance	1,354	(1,548)	1,354	(1,548)
Credit Adjustment on Non-impaired Loans
Accounts, Notes, Loans and Financing Receivable [Line Items]
Adjustments to gross amortized cost of loans, Beginning balance	(878)	(1,653)	(1,216)	0
Adjustment recorded in acquisition	(7,219)	0	(7,219)	(1,914)
Accretion recognized in interest income	970	260	1,308	521
Adjustments to gross amortized cost of loans, Ending balance	$ (7,127)	$ (1,393)	$ (7,127)	$ (1,393)

LOANS - Components of Purchase

LOANS - Components of Purchase Account Adjustments on PCI Loans acquired (Details) $ in Thousands	Jul. 01, 2020USD ($)
LOANS
Contractually required principal at acquisition	$ 10,114
Non-accretable discount	(2,910)
Expected cash flows	$ 7,204

LOANS - Summary of PCI Loans He

LOANS - Summary of PCI Loans Held (Details) - USD ($) $ in Thousands	9 Months Ended	12 Months Ended
	Sep. 30, 2020	Dec. 31, 2019
LOANS
Outstanding balance	$ 10,453	$ 759
Carrying amount	$ 7,447	$ 441

LOANS - Allowance for Loan Loss

LOANS - Allowance for Loan Losses (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019
Allowance for Loan losses	$ 11,026	$ 8,200	$ 9,836	$ 9,309
Allowance for Loan losses, Charge-offs	(2,249)	(116)	(2,443)	(295)
Allowance for Loan losses, Recoveries	35	15	67	46
Allowance for Loan losses, Provision (Credit)	1,941	1,158	3,293	197
Allowance for Loan losses	10,753	9,257	10,753	9,257
Residential mortgage
Allowance for Loan losses	4,320	3,963	4,182	3,986
Allowance for Loan losses, Charge-offs	0	(50)	0	(157)
Allowance for Loan losses, Recoveries	27	3	32	9
Allowance for Loan losses, Provision (Credit)	(66)	138	67	216
Allowance for Loan losses	4,281	4,054	4,281	4,054
Residential mortgage | Real estate loan | first liens
Allowance for Loan losses	3,531	3,130	3,405	3,156
Allowance for Loan losses, Charge-offs	0	(50)	0	(133)
Allowance for Loan losses, Recoveries	26	1	28	3
Allowance for Loan losses, Provision (Credit)	(92)	83	32	138
Allowance for Loan losses	3,465	3,164	3,465	3,164
Residential mortgage | Real estate loan | junior liens
Allowance for Loan losses	365	333	384	325
Allowance for Loan losses, Charge-offs	0	0	0	(24)
Allowance for Loan losses, Recoveries	0	1	1	1
Allowance for Loan losses, Provision (Credit)	(7)	16	(27)	48
Allowance for Loan losses	358	350	358	350
Residential mortgage | Home equity lines of credit
Allowance for Loan losses	287	280	276	302
Allowance for Loan losses, Charge-offs	0	0	0	0
Allowance for Loan losses, Recoveries	1	1	3	5
Allowance for Loan losses, Provision (Credit)	1	1	10	(25)
Allowance for Loan losses	289	282	289	282
Residential mortgage | Construction Loans
Allowance for Loan losses	137	220	117	203
Allowance for Loan losses, Charge-offs	0	0	0	0
Allowance for Loan losses, Recoveries	0	0	0	0
Allowance for Loan losses, Provision (Credit)	32	38	52	55
Allowance for Loan losses	169	258	169	258
Commercial
Allowance for Loan losses	5,858	3,388	4,788	4,591
Allowance for Loan losses, Charge-offs	(2,219)	0	(2,343)	(6)
Allowance for Loan losses, Recoveries	0	3	0	6
Allowance for Loan losses, Provision (Credit)	1,990	953	3,184	(247)
Allowance for Loan losses	5,629	4,344	5,629	4,344
Commercial | Real estate loan
Allowance for Loan losses	2,426	1,577	1,921	2,538
Allowance for Loan losses, Charge-offs	0	0	0	0
Allowance for Loan losses, Recoveries	0	0	0	0
Allowance for Loan losses, Provision (Credit)	(40)	928	465	(33)
Allowance for Loan losses	2,386	2,505	2,386	2,505
Commercial | Construction Loans
Allowance for Loan losses	420	152	966	110
Allowance for Loan losses, Charge-offs	0	0	(107)	0
Allowance for Loan losses, Recoveries	0	0	0	0
Allowance for Loan losses, Provision (Credit)	20	6	(419)	48
Allowance for Loan losses	440	158	440	158
Commercial | Commercial and industrial
Allowance for Loan losses	2,496	1,246	1,391	1,553
Allowance for Loan losses, Charge-offs	(2,219)	0	(2,236)	(6)
Allowance for Loan losses, Recoveries	0	3	0	6
Allowance for Loan losses, Provision (Credit)	1,974	7	3,096	(297)
Allowance for Loan losses	2,251	1,256	2,251	1,256
Commercial | Loans secured by farm land
Allowance for Loan losses	146	102	158	102
Allowance for Loan losses, Charge-offs	0	0	0	0
Allowance for Loan losses, Recoveries	0	0	0	0
Allowance for Loan losses, Provision (Credit)	(25)	(1)	(37)	(1)
Allowance for Loan losses	121	101	121	101
Commercial | Multi-family (5 or more) residential
Allowance for Loan losses	163	150	156	114
Allowance for Loan losses, Charge-offs	0	0	0	0
Allowance for Loan losses, Recoveries	0	0	0	0
Allowance for Loan losses, Provision (Credit)	64	5	71	41
Allowance for Loan losses	227	155	227	155
Commercial | Agricultural loans
Allowance for Loan losses	40	42	41	46
Allowance for Loan losses, Charge-offs	0	0	0	0
Allowance for Loan losses, Recoveries	0	0	0	0
Allowance for Loan losses, Provision (Credit)	(3)	7	(4)	3
Allowance for Loan losses	37	49	37	49
Commercial | Other commercial loans
Allowance for Loan losses	167	119	155	128
Allowance for Loan losses, Charge-offs	0	0	0	0
Allowance for Loan losses, Recoveries	0	0	0	0
Allowance for Loan losses, Provision (Credit)	0	1	12	(8)
Allowance for Loan losses	167	120	167	120
Consumer
Allowance for Loan losses	263	264	281	233
Allowance for Loan losses, Charge-offs	(30)	(66)	(100)	(132)
Allowance for Loan losses, Recoveries	8	9	35	31
Allowance for Loan losses, Provision (Credit)	17	67	42	142
Allowance for Loan losses	258	274	258	274
Unallocated
Allowance for Loan losses	585	585	585	499
Allowance for Loan losses, Charge-offs	0	0	0	0
Allowance for Loan losses, Recoveries	0	0	0	0
Allowance for Loan losses, Provision (Credit)	0	0	0	86
Allowance for Loan losses	$ 585	$ 585	$ 585	$ 585

LOANS - Outstanding Loans by Ri

LOANS - Outstanding Loans by Risk Rating (Details) - USD ($) $ in Thousands	Sep. 30, 2020	Dec. 31, 2019
LOANS
Loans receivable	$ 1,691,370	$ 1,182,222
Purchased Credit Impaired
LOANS
Loans receivable	7,447	441
Residential mortgage
LOANS
Loans receivable	639,023	586,580
Residential mortgage | Purchased Credit Impaired
LOANS
Loans receivable	149	77
Residential mortgage | Real estate loan | first liens
LOANS
Loans receivable	541,827	510,641
Residential mortgage | Real estate loan | first liens | Purchased Credit Impaired
LOANS
Loans receivable	77	77
Residential mortgage | Real estate loan | junior liens
LOANS
Loans receivable	27,907	27,503
Residential mortgage | Real estate loan | junior liens | Purchased Credit Impaired
LOANS
Loans receivable	72	0
Residential mortgage | Home equity lines of credit
LOANS
Loans receivable	40,143	33,638
Residential mortgage | Home equity lines of credit | Purchased Credit Impaired
LOANS
Loans receivable	0	0
Residential mortgage | Construction Loans
LOANS
Loans receivable	29,146	14,798
Residential mortgage | Construction Loans | Purchased Credit Impaired
LOANS
Loans receivable	0	0
Commercial
LOANS
Loans receivable	1,035,071	578,901
Commercial | Purchased Credit Impaired
LOANS
Loans receivable	7,298	364
Commercial | Real estate loan
LOANS
Loans receivable	530,874	301,227
Commercial | Real estate loan | Purchased Credit Impaired
LOANS
Loans receivable	4,342	364
Commercial | Construction Loans
LOANS
Loans receivable	41,906	33,555
Commercial | Construction Loans | Purchased Credit Impaired
LOANS
Loans receivable	0	0
Commercial | Commercial and industrial
LOANS
Loans receivable	156,169	126,374
Commercial | Commercial and industrial | Purchased Credit Impaired
LOANS
Loans receivable	786	0
Commercial | Small Business Administration - Paycheck Protection Program
LOANS
Loans receivable	163,050	0
Commercial | Small Business Administration - Paycheck Protection Program | Purchased Credit Impaired
LOANS
Loans receivable	0
Commercial | Political subdivisions
LOANS
Loans receivable	47,883	53,570
Commercial | Political subdivisions | Purchased Credit Impaired
LOANS
Loans receivable	0	0
Commercial | Loans secured by farm land
LOANS
Loans receivable	11,913	12,251
Commercial | Loans secured by farm land | Purchased Credit Impaired
LOANS
Loans receivable	0	0
Commercial | Multi-family (5 or more) residential
LOANS
Loans receivable	62,330	31,070
Commercial | Multi-family (5 or more) residential | Purchased Credit Impaired
LOANS
Loans receivable	2,170	0
Commercial | Agricultural loans
LOANS
Loans receivable	3,561	4,319
Commercial | Agricultural loans | Purchased Credit Impaired
LOANS
Loans receivable	0	0
Commercial | Other commercial loans
LOANS
Loans receivable	17,385	16,535
Commercial | Other commercial loans | Purchased Credit Impaired
LOANS
Loans receivable	0	0
Consumer
LOANS
Loans receivable	17,276	16,741
Consumer | Purchased Credit Impaired
LOANS
Loans receivable	0	0
Pass
LOANS
Loans receivable	1,629,044	1,143,535
Pass | Residential mortgage
LOANS
Loans receivable	621,465	575,884
Pass | Residential mortgage | Real estate loan | first liens
LOANS
Loans receivable	525,833	500,963
Pass | Residential mortgage | Real estate loan | junior liens
LOANS
Loans receivable	27,078	26,953
Pass | Residential mortgage | Home equity lines of credit
LOANS
Loans receivable	39,408	33,170
Pass | Residential mortgage | Construction Loans
LOANS
Loans receivable	29,146	14,798
Pass | Commercial
LOANS
Loans receivable	990,395	550,931
Pass | Commercial | Real estate loan
LOANS
Loans receivable	508,540	294,397
Pass | Commercial | Construction Loans
LOANS
Loans receivable	41,659	32,224
Pass | Commercial | Commercial and industrial
LOANS
Loans receivable	142,181	114,293
Pass | Commercial | Small Business Administration - Paycheck Protection Program
LOANS
Loans receivable	163,050
Pass | Commercial | Political subdivisions
LOANS
Loans receivable	47,883	53,570
Pass | Commercial | Loans secured by farm land
LOANS
Loans receivable	10,231	6,528
Pass | Commercial | Multi-family (5 or more) residential
LOANS
Loans receivable	56,507	30,160
Pass | Commercial | Agricultural loans
LOANS
Loans receivable	2,959	3,343
Pass | Commercial | Other commercial loans
LOANS
Loans receivable	17,385	16,416
Pass | Consumer
LOANS
Loans receivable	17,184	16,720
Special Mention
LOANS
Loans receivable	27,000	19,658
Special Mention | Residential mortgage
LOANS
Loans receivable	6,514	331
Special Mention | Residential mortgage | Real estate loan | first liens
LOANS
Loans receivable	6,331	193
Special Mention | Residential mortgage | Real estate loan | junior liens
LOANS
Loans receivable	124	79
Special Mention | Residential mortgage | Home equity lines of credit
LOANS
Loans receivable	59	59
Special Mention | Residential mortgage | Construction Loans
LOANS
Loans receivable	0	0
Special Mention | Commercial
LOANS
Loans receivable	20,486	19,327
Special Mention | Commercial | Real estate loan
LOANS
Loans receivable	7,920	4,773
Special Mention | Commercial | Construction Loans
LOANS
Loans receivable	198	0
Special Mention | Commercial | Commercial and industrial
LOANS
Loans receivable	9,495	9,538
Special Mention | Commercial | Small Business Administration - Paycheck Protection Program
LOANS
Loans receivable	0
Special Mention | Commercial | Political subdivisions
LOANS
Loans receivable	0	0
Special Mention | Commercial | Loans secured by farm land
LOANS
Loans receivable	453	4,681
Special Mention | Commercial | Multi-family (5 or more) residential
LOANS
Loans receivable	2,420	0
Special Mention | Commercial | Agricultural loans
LOANS
Loans receivable	0	335
Special Mention | Commercial | Other commercial loans
LOANS
Loans receivable	0	0
Special Mention | Consumer
LOANS
Loans receivable	0	0
Substandard
LOANS
Loans receivable	27,014	18,504
Substandard | Residential mortgage
LOANS
Loans receivable	10,832	10,204
Substandard | Residential mortgage | Real estate loan | first liens
LOANS
Loans receivable	9,586	9,324
Substandard | Residential mortgage | Real estate loan | junior liens
LOANS
Loans receivable	570	471
Substandard | Residential mortgage | Home equity lines of credit
LOANS
Loans receivable	676	409
Substandard | Residential mortgage | Construction Loans
LOANS
Loans receivable	0	0
Substandard | Commercial
LOANS
Loans receivable	16,090	8,279
Substandard | Commercial | Real estate loan
LOANS
Loans receivable	10,072	1,693
Substandard | Commercial | Construction Loans
LOANS
Loans receivable	49	1,331
Substandard | Commercial | Commercial and industrial
LOANS
Loans receivable	2,905	2,543
Substandard | Commercial | Small Business Administration - Paycheck Protection Program
LOANS
Loans receivable	0
Substandard | Commercial | Political subdivisions
LOANS
Loans receivable	0	0
Substandard | Commercial | Loans secured by farm land
LOANS
Loans receivable	1,229	1,042
Substandard | Commercial | Multi-family (5 or more) residential
LOANS
Loans receivable	1,233	910
Substandard | Commercial | Agricultural loans
LOANS
Loans receivable	602	641
Substandard | Commercial | Other commercial loans
LOANS
Loans receivable	0	119
Substandard | Consumer
LOANS
Loans receivable	92	21
Doubtful
LOANS
Loans receivable	865	84
Doubtful | Residential mortgage
LOANS
Loans receivable	63	84
Doubtful | Residential mortgage | Real estate loan | first liens
LOANS
Loans receivable	0	84
Doubtful | Residential mortgage | Real estate loan | junior liens
LOANS
Loans receivable	63	0
Doubtful | Residential mortgage | Home equity lines of credit
LOANS
Loans receivable	0	0
Doubtful | Residential mortgage | Construction Loans
LOANS
Loans receivable	0	0
Doubtful | Commercial
LOANS
Loans receivable	802	0
Doubtful | Commercial | Real estate loan
LOANS
Loans receivable	0	0
Doubtful | Commercial | Construction Loans
LOANS
Loans receivable	0	0
Doubtful | Commercial | Commercial and industrial
LOANS
Loans receivable	802	0
Doubtful | Commercial | Small Business Administration - Paycheck Protection Program
LOANS
Loans receivable	0
Doubtful | Commercial | Political subdivisions
LOANS
Loans receivable	0	0
Doubtful | Commercial | Loans secured by farm land
LOANS
Loans receivable	0	0
Doubtful | Commercial | Multi-family (5 or more) residential
LOANS
Loans receivable	0	0
Doubtful | Commercial | Agricultural loans
LOANS
Loans receivable	0	0
Doubtful | Commercial | Other commercial loans
LOANS
Loans receivable	0	0
Doubtful | Consumer
LOANS
Loans receivable	$ 0	$ 0

LOANS - Loan Balances and Allow

LOANS - Loan Balances and Allowance for Loan Losses for Each Impairment Method (Details) - USD ($) $ in Thousands	Sep. 30, 2020	Jun. 30, 2020	Dec. 31, 2019	Sep. 30, 2019	Jun. 30, 2019	Dec. 31, 2018
LOANS
Loans receivable: Individually Evaluated	$ 18,612		$ 5,486
Loans receivable: Collectively Evaluated	1,014,617		939,762
Loans receivable	1,691,370		1,182,222
Allowance for loan losses: individually evaluated	651		1,051
Allowance for loan losses: collectively evaluated	9,517		8,200
Allowance for loan losses	10,753	$ 11,026	9,836	$ 9,257	$ 8,200	$ 9,309
Purchased Performing Loans
LOANS
Loans receivable	658,141		236,974
Residential mortgage
LOANS
Loans receivable: Individually Evaluated	2,747		1,391
Loans receivable: Collectively Evaluated	451,439		476,703
Loans receivable	639,023		586,580
Allowance for loan losses: individually evaluated	170		176
Allowance for loan losses: collectively evaluated	4,111		4,006
Allowance for loan losses	4,281	4,320	4,182	4,054	3,963	3,986
Residential mortgage | Purchased Performing Loans
LOANS
Loans receivable	184,837		108,486
Residential mortgage | Real estate loan | first liens
LOANS
Loans receivable: Individually Evaluated	2,238		1,023
Loans receivable: Collectively Evaluated	380,348		405,186
Loans receivable	541,827		510,641
Allowance for loan losses: individually evaluated	9		0
Allowance for loan losses: collectively evaluated	3,456		3,405
Allowance for loan losses	3,465	3,531	3,405	3,164	3,130	3,156
Residential mortgage | Real estate loan | first liens | Purchased Performing Loans
LOANS
Loans receivable	159,241		104,432
Residential mortgage | Real estate loan | junior liens
LOANS
Loans receivable: Individually Evaluated	424		368
Loans receivable: Collectively Evaluated	21,777		24,730
Loans receivable	27,907		27,503
Allowance for loan losses: individually evaluated	161		176
Allowance for loan losses: collectively evaluated	197		208
Allowance for loan losses	358	365	384	350	333	325
Residential mortgage | Real estate loan | junior liens | Purchased Performing Loans
LOANS
Loans receivable	5,706		2,405
Residential mortgage | Home equity lines of credit
LOANS
Loans receivable: Individually Evaluated	85		0
Loans receivable: Collectively Evaluated	30,368		32,147
Loans receivable	40,143		33,638
Allowance for loan losses: individually evaluated	0		0
Allowance for loan losses: collectively evaluated	289		276
Allowance for loan losses	289	287	276	282	280	302
Residential mortgage | Home equity lines of credit | Purchased Performing Loans
LOANS
Loans receivable	9,690		1,491
Residential mortgage | Construction Loans
LOANS
Loans receivable: Individually Evaluated	0		0
Loans receivable: Collectively Evaluated	18,946		14,640
Loans receivable	29,146		14,798
Allowance for loan losses: individually evaluated	0		0
Allowance for loan losses: collectively evaluated	169		117
Allowance for loan losses	169	137	117	258	220	203
Residential mortgage | Construction Loans | Purchased Performing Loans
LOANS
Loans receivable	10,200		158
Commercial
LOANS
Loans receivable: Individually Evaluated	15,865		4,095
Loans receivable: Collectively Evaluated	546,260		446,318
Loans receivable	1,035,071		578,901
Allowance for loan losses: individually evaluated	481		875
Allowance for loan losses: collectively evaluated	5,148		3,913
Allowance for loan losses	5,629	5,858	4,788	4,344	3,388	4,591
Commercial | Purchased Performing Loans
LOANS
Loans receivable	472,946		128,488
Commercial | Real estate loan
LOANS
Loans receivable: Individually Evaluated	12,242		684
Loans receivable: Collectively Evaluated	190,045		198,532
Loans receivable	530,874		301,227
Allowance for loan losses: individually evaluated	410		0
Allowance for loan losses: collectively evaluated	1,976		1,921
Allowance for loan losses	2,386	2,426	1,921	2,505	1,577	2,538
Commercial | Real estate loan | Purchased Performing Loans
LOANS
Loans receivable	328,587		102,011
Commercial | Construction Loans
LOANS
Loans receivable: Individually Evaluated	0
Loans receivable: Collectively Evaluated	41,906
Loans receivable	41,906		33,555
Allowance for loan losses: individually evaluated	0
Allowance for loan losses: collectively evaluated	440
Allowance for loan losses	440	420	966	158	152	110
Commercial | Construction Loans | Purchased Performing Loans
LOANS
Loans receivable	0
Commercial | Commercial and industrial
LOANS
Loans receivable: Individually Evaluated	1,367		1,467
Loans receivable: Collectively Evaluated	119,401		122,313
Loans receivable	156,169		126,374
Allowance for loan losses: individually evaluated	71		149
Allowance for loan losses: collectively evaluated	2,180		1,242
Allowance for loan losses	2,251	2,496	1,391	1,256	1,246	1,553
Commercial | Commercial and industrial | Purchased Performing Loans
LOANS
Loans receivable	35,401		2,594
Commercial | Small Business Administration - Paycheck Protection Program
LOANS
Loans receivable: Individually Evaluated	0
Loans receivable: Collectively Evaluated	99,310
Loans receivable	163,050		0
Allowance for loan losses: individually evaluated	0
Allowance for loan losses: collectively evaluated	0
Allowance for loan losses	0
Commercial | Small Business Administration - Paycheck Protection Program | Purchased Performing Loans
LOANS
Loans receivable	63,740
Commercial | Political subdivisions
LOANS
Loans receivable: Individually Evaluated	0		0
Loans receivable: Collectively Evaluated	47,883		53,570
Loans receivable	47,883		53,570
Allowance for loan losses: individually evaluated	0		0
Allowance for loan losses: collectively evaluated	0		0
Allowance for loan losses	0		0
Commercial | Political subdivisions | Purchased Performing Loans
LOANS
Loans receivable	0		0
Commercial | Commercial construction and land
LOANS
Loans receivable: Individually Evaluated			1,261
Loans receivable: Collectively Evaluated			29,710
Loans receivable			33,555
Allowance for loan losses: individually evaluated			678
Allowance for loan losses: collectively evaluated			288
Allowance for loan losses			966
Commercial | Commercial construction and land | Purchased Performing Loans
LOANS
Loans receivable			2,584
Commercial | Loans secured by farm land
LOANS
Loans receivable: Individually Evaluated	85		607
Loans receivable: Collectively Evaluated	11,505		11,386
Loans receivable	11,913		12,251
Allowance for loan losses: individually evaluated	0		48
Allowance for loan losses: collectively evaluated	121		110
Allowance for loan losses	121	146	158	101	102	102
Commercial | Loans secured by farm land | Purchased Performing Loans
LOANS
Loans receivable	323		258
Commercial | Multi-family (5 or more) residential
LOANS
Loans receivable: Individually Evaluated	2,171		0
Loans receivable: Collectively Evaluated	16,754		10,617
Loans receivable	62,330		31,070
Allowance for loan losses: individually evaluated	0		0
Allowance for loan losses: collectively evaluated	227		156
Allowance for loan losses	227	163	156	155	150	114
Commercial | Multi-family (5 or more) residential | Purchased Performing Loans
LOANS
Loans receivable	43,405		20,453
Commercial | Agricultural loans
LOANS
Loans receivable: Individually Evaluated	0		76
Loans receivable: Collectively Evaluated	3,561		4,243
Loans receivable	3,561		4,319
Allowance for loan losses: individually evaluated	0		0
Allowance for loan losses: collectively evaluated	37		41
Allowance for loan losses	37	40	41	49	42	46
Commercial | Agricultural loans | Purchased Performing Loans
LOANS
Loans receivable	0		0
Commercial | Other commercial loans
LOANS
Loans receivable: Individually Evaluated	0		0
Loans receivable: Collectively Evaluated	15,895		15,947
Loans receivable	17,385		16,535
Allowance for loan losses: individually evaluated	0		0
Allowance for loan losses: collectively evaluated	167		155
Allowance for loan losses	167	167	155	120	119	128
Commercial | Other commercial loans | Purchased Performing Loans
LOANS
Loans receivable	1,490		588
Consumer
LOANS
Loans receivable: Individually Evaluated	0		0
Loans receivable: Collectively Evaluated	16,918		16,741
Loans receivable	17,276		16,741
Allowance for loan losses: individually evaluated	0		0
Allowance for loan losses: collectively evaluated	258		281
Allowance for loan losses	258	263	281	274	264	233
Consumer | Purchased Performing Loans
LOANS
Loans receivable	358		0
Unallocated
LOANS
Allowance for loan losses	$ 585	$ 585	$ 585	$ 585	$ 585	$ 499

LOANS - Impaired Loans (Details

LOANS - Impaired Loans (Details)	Sep. 30, 2020USD ($)borrower	Jun. 30, 2020USD ($)	Dec. 31, 2019USD ($)	Sep. 30, 2019USD ($)
LOANS
Unpaid Principal Balance - with no allowance	$ 13,560,000		$ 2,139,000
Recorded Investment - with no allowance	10,527,000		2,111,000
Related Allowance - with no allowance	0		0
Unpaid Principal Balance - with allowance	8,085,000		3,375,000
Recorded investment - with allowance	8,085,000		3,375,000
Related Allowance - with allowance	651,000		1,051,000
Unpaid Principal Balance	21,645,000		5,514,000
Recorded Investment	$ 18,612,000		5,486,000
Residential mortgage
LOANS
Number borrowers collateralized by one property with specific allowance | borrower	2
Residential mortgage | Real estate loan
LOANS
Related Allowance - with allowance	$ 161,000		176,000
Residential mortgage | Real estate loan | first liens
LOANS
Unpaid Principal Balance - with no allowance	1,084,000		645,000
Recorded Investment - with no allowance	1,034,000		617,000
Related Allowance - with no allowance	0		0
Unpaid Principal Balance - with allowance	1,204,000		406,000
Recorded investment - with allowance	1,204,000		406,000
Related Allowance - with allowance	9,000		0
Residential mortgage | Real estate loan | junior liens
LOANS
Unpaid Principal Balance - with no allowance	167,000		42,000
Recorded Investment - with no allowance	112,000		42,000
Related Allowance - with no allowance	0		0
Unpaid Principal Balance - with allowance	312,000		326,000
Recorded investment - with allowance	312,000		326,000
Related Allowance - with allowance	161,000		176,000
Residential mortgage | Home equity lines of credit
LOANS
Unpaid Principal Balance - with no allowance	151,000		0
Recorded Investment - with no allowance	85,000		0
Related Allowance - with no allowance	0		0
Commercial | Real estate loan
LOANS
Unpaid Principal Balance - with no allowance	7,570,000		684,000
Recorded Investment - with no allowance	5,745,000		684,000
Related Allowance - with no allowance	0		0
Unpaid Principal Balance - with allowance	6,497,000		0
Recorded investment - with allowance	6,497,000		0
Related Allowance - with allowance	409,000	$ 1,193,000	0	$ 678,000
Commercial | Commercial and industrial
LOANS
Unpaid Principal Balance - with no allowance	1,732,000		563,000
Recorded Investment - with no allowance	1,295,000		563,000
Related Allowance - with no allowance	0		0
Unpaid Principal Balance - with allowance	72,000		904,000
Recorded investment - with allowance	72,000		904,000
Related Allowance - with allowance	72,000		149,000
Commercial | Loans secured by farm land
LOANS
Unpaid Principal Balance - with no allowance	85,000		129,000
Recorded Investment - with no allowance	85,000		129,000
Related Allowance - with no allowance	0		0
Unpaid Principal Balance - with allowance	0		478,000
Recorded investment - with allowance	0		478,000
Related Allowance - with allowance	0		48,000
Commercial | Multi-family (5 or more) residential
LOANS
Unpaid Principal Balance - with no allowance	2,771,000		0
Recorded Investment - with no allowance	2,171,000		0
Related Allowance - with no allowance	0		0
Commercial | Agricultural loans
LOANS
Unpaid Principal Balance - with no allowance	0		76,000
Recorded Investment - with no allowance	0		76,000
Related Allowance - with no allowance	0		0
Commercial | Construction Loans
LOANS
Unpaid Principal Balance - with allowance	0		1,261,000
Recorded investment - with allowance	0		1,261,000
Related Allowance - with allowance	$ 0		$ 678,000

LOANS - Average Balance of Impa

LOANS - Average Balance of Impaired Loans and Income Recognized on Impaired Loans (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019
LOANS
Average Investment in Impaired Loans	$ 12,519	$ 5,762	$ 10,163	$ 7,074
Interest Income Recognized on Impaired Loans on a Cash Basis	103	110	237	224
Residential mortgage
LOANS
Average Investment in Impaired Loans	2,608	1,407	2,030	1,302
Interest Income Recognized on Impaired Loans on a Cash Basis	32	32	90	52
Residential mortgage | Real estate loan | first liens
LOANS
Average Investment in Impaired Loans	2,159	1,057	1,579	997
Interest Income Recognized on Impaired Loans on a Cash Basis	27	21	70	39
Residential mortgage | Real estate loan | junior liens
LOANS
Average Investment in Impaired Loans	384	285	386	289
Interest Income Recognized on Impaired Loans on a Cash Basis	5	8	18	10
Residential mortgage | Home Equity Line of Credit [Member]
LOANS
Average Investment in Impaired Loans	65	65	65	16
Interest Income Recognized on Impaired Loans on a Cash Basis	0	3	2	3
Commercial
LOANS
Average Investment in Impaired Loans	9,911	4,355	8,133	5,768
Interest Income Recognized on Impaired Loans on a Cash Basis	71	78	147	172
Commercial | Real estate loan
LOANS
Average Investment in Impaired Loans	7,298	1,738	3,779	2,371
Interest Income Recognized on Impaired Loans on a Cash Basis	65	49	81	66
Commercial | Commercial and industrial
LOANS
Average Investment in Impaired Loans	2,235	1,202	3,178	1,460
Interest Income Recognized on Impaired Loans on a Cash Basis	1	4	21	38
Commercial | Construction Loans
LOANS
Average Investment in Impaired Loans	49	0	678	0
Interest Income Recognized on Impaired Loans on a Cash Basis	1	0	14	0
Commercial | Loans secured by farm land
LOANS
Average Investment in Impaired Loans	253	1,359	397	1,443
Interest Income Recognized on Impaired Loans on a Cash Basis	2	23	26	42
Commercial | Agricultural loans
LOANS
Average Investment in Impaired Loans	76	6	76	481
Interest Income Recognized on Impaired Loans on a Cash Basis	2	0	4	24
Commercial | Other commercial loans
LOANS
Average Investment in Impaired Loans	0	50	25	13
Interest Income Recognized on Impaired Loans on a Cash Basis	0	2	1	2
Consumer
LOANS
Average Investment in Impaired Loans	0	0	0	4
Interest Income Recognized on Impaired Loans on a Cash Basis	$ 0	$ 0	$ 0	$ 0

LOANS - Nonaccrual Loans and Lo

LOANS - Nonaccrual Loans and Loans Past Due Ninety Days or More and Still Accruing (Details) - USD ($)	Sep. 30, 2020	Dec. 31, 2019
LOANS
Past Due 90+ Days and Accruing	$ 2,308,000	$ 1,207,000
Nonaccrual	22,796,000	9,218,000
Multi-family (5 or more) residential
LOANS
Past Due 90+ Days and Accruing	0	0
Nonaccrual	2,170,000	0
Purchased Credit Impaired
LOANS
Nonaccrual	7,447,000	441,000
Residential mortgage
LOANS
Past Due 90+ Days and Accruing	1,605,000	1,002,000
Nonaccrual	7,031,000	5,078,000
Residential mortgage | Real estate loan | first liens
LOANS
Past Due 90+ Days and Accruing	1,336,000	878,000
Nonaccrual	6,354,000	4,679,000
Residential mortgage | Real estate loan | junior liens
LOANS
Past Due 90+ Days and Accruing	56,000	53,000
Nonaccrual	383,000	326,000
Residential mortgage | Home equity lines of credit
LOANS
Past Due 90+ Days and Accruing	213,000	71,000
Nonaccrual	255,000	73,000
Residential mortgage | Construction Loans
LOANS
Past Due 90+ Days and Accruing	0	0
Nonaccrual	39,000	0
Commercial
LOANS
Past Due 90+ Days and Accruing	681,000	165,000
Nonaccrual	15,673,000	4,124,000
Commercial | Real estate loan
LOANS
Past Due 90+ Days and Accruing	381,000	107,000
Nonaccrual	12,414,000	1,148,000
Commercial | Construction Loans
LOANS
Past Due 90+ Days and Accruing	0	0
Nonaccrual	49,000	1,311,000
Commercial | Commercial and industrial
LOANS
Past Due 90+ Days and Accruing	112,000	15,000
Nonaccrual	955,000	1,051,000
Commercial | Loans secured by farm land
LOANS
Past Due 90+ Days and Accruing	188,000	43,000
Nonaccrual	85,000	565,000
Commercial | Other commercial loans
LOANS
Past Due 90+ Days and Accruing	0	0
Nonaccrual	0	49,000
Consumer
LOANS
Past Due 90+ Days and Accruing	22,000	40,000
Nonaccrual	$ 92,000	$ 16,000

LOANS - Contractual Aging of No

LOANS - Contractual Aging of Nonaccrual Loans (Details) - USD ($) $ in Thousands	Sep. 30, 2020	Dec. 31, 2019
LOANS
Nonaccrual loans	$ 22,796	$ 9,218
Non accrual Loans [Member]
LOANS
Loans current and past due, nonaccrual	12,605	3,840
Nonaccrual loans	22,796	9,218
Non accrual Loans [Member] | Past Due 30-89 Days
LOANS
Loans current and past due, nonaccrual	1,228	1,134
Non accrual Loans [Member] | Past Due 90+ Days
LOANS
Loans current and past due, nonaccrual	$ 8,963	$ 4,244

LOANS - Contractual Aging of Lo

LOANS - Contractual Aging of Loans (Details) - USD ($) $ in Thousands	Sep. 30, 2020	Dec. 31, 2019
LOANS
Loans current and past due less than 30 days	$ 1,675,372	$ 1,166,748
Loans receivable	1,691,370	1,182,222
Past Due 30-89 Days
LOANS
Loans past due	4,727	10,023
Past Due 90+ Days
LOANS
Loans past due	11,271	5,451
Residential mortgage
LOANS
Loans current and past due less than 30 days	630,329	573,938
Loans receivable	639,023	586,580
Residential mortgage | Past Due 30-89 Days
LOANS
Loans past due	3,525	8,414
Residential mortgage | Past Due 90+ Days
LOANS
Loans past due	5,169	4,228
Residential mortgage | Real estate loan | first liens
LOANS
Loans current and past due less than 30 days	534,303	499,024
Loans receivable	541,827	510,641
Residential mortgage | Real estate loan | first liens | Past Due 30-89 Days
LOANS
Loans past due	2,819	7,839
Residential mortgage | Real estate loan | first liens | Past Due 90+ Days
LOANS
Loans past due	4,705	3,778
Residential mortgage | Real estate loan | junior liens
LOANS
Loans current and past due less than 30 days	27,660	27,041
Loans receivable	27,907	27,503
Residential mortgage | Real estate loan | junior liens | Past Due 30-89 Days
LOANS
Loans past due	44	83
Residential mortgage | Real estate loan | junior liens | Past Due 90+ Days
LOANS
Loans past due	203	379
Residential mortgage | Home equity lines of credit
LOANS
Loans current and past due less than 30 days	39,737	33,115
Loans receivable	40,143	33,638
Residential mortgage | Home equity lines of credit | Past Due 30-89 Days
LOANS
Loans past due	145	452
Residential mortgage | Home equity lines of credit | Past Due 90+ Days
LOANS
Loans past due	261	71
Residential mortgage | Construction Loans
LOANS
Loans current and past due less than 30 days	28,629	14,758
Loans receivable	29,146	14,798
Residential mortgage | Construction Loans | Past Due 30-89 Days
LOANS
Loans past due	517	40
Residential mortgage | Construction Loans | Past Due 90+ Days
LOANS
Loans past due	0	0
Commercial
LOANS
Loans current and past due less than 30 days	1,027,966	576,314
Loans receivable	1,035,071	578,901
Commercial | Past Due 30-89 Days
LOANS
Loans past due	1,115	1,420
Commercial | Past Due 90+ Days
LOANS
Loans past due	5,990	1,167
Commercial | Real estate loan
LOANS
Loans current and past due less than 30 days	525,211	299,640
Loans receivable	530,874	301,227
Commercial | Real estate loan | Past Due 30-89 Days
LOANS
Loans past due	867	737
Commercial | Real estate loan | Past Due 90+ Days
LOANS
Loans past due	4,796	850
Commercial | Construction Loans
LOANS
Loans current and past due less than 30 days	41,857	33,505
Loans receivable	41,906	33,555
Commercial | Construction Loans | Past Due 30-89 Days
LOANS
Loans past due	49	0
Commercial | Construction Loans | Past Due 90+ Days
LOANS
Loans past due	0	50
Commercial | Commercial and industrial
LOANS
Loans current and past due less than 30 days	155,140	126,221
Loans receivable	156,169	126,374
Commercial | Commercial and industrial | Past Due 30-89 Days
LOANS
Loans past due	57	16
Commercial | Commercial and industrial | Past Due 90+ Days
LOANS
Loans past due	972	137
Commercial | Small Business Administration - Paycheck Protection Program
LOANS
Loans current and past due less than 30 days	163,050	0
Loans receivable	163,050	0
Commercial | Small Business Administration - Paycheck Protection Program | Past Due 30-89 Days
LOANS
Loans past due	0	0
Commercial | Small Business Administration - Paycheck Protection Program | Past Due 90+ Days
LOANS
Loans past due	0	0
Commercial | Political subdivisions
LOANS
Loans current and past due less than 30 days	47,883	53,570
Loans receivable	47,883	53,570
Commercial | Political subdivisions | Past Due 30-89 Days
LOANS
Loans past due	0	0
Commercial | Political subdivisions | Past Due 90+ Days
LOANS
Loans past due	0	0
Commercial | Loans secured by farm land
LOANS
Loans current and past due less than 30 days	11,654	11,455
Loans receivable	11,913	12,251
Commercial | Loans secured by farm land | Past Due 30-89 Days
LOANS
Loans past due	37	666
Commercial | Loans secured by farm land | Past Due 90+ Days
LOANS
Loans past due	222	130
Commercial | Multi-family (5 or more) residential
LOANS
Loans current and past due less than 30 days	62,330	31,070
Loans receivable	62,330	31,070
Commercial | Multi-family (5 or more) residential | Past Due 30-89 Days
LOANS
Loans past due	0	0
Commercial | Multi-family (5 or more) residential | Past Due 90+ Days
LOANS
Loans past due	0	0
Commercial | Agricultural loans
LOANS
Loans current and past due less than 30 days	3,456	4,318
Loans receivable	3,561	4,319
Commercial | Agricultural loans | Past Due 30-89 Days
LOANS
Loans past due	105	1
Commercial | Agricultural loans | Past Due 90+ Days
LOANS
Loans past due	0	0
Commercial | Other commercial loans
LOANS
Loans current and past due less than 30 days	17,385	16,535
Loans receivable	17,385	16,535
Commercial | Other commercial loans | Past Due 30-89 Days
LOANS
Loans past due	0	0
Commercial | Other commercial loans | Past Due 90+ Days
LOANS
Loans past due	0	0
Consumer
LOANS
Loans current and past due less than 30 days	17,077	16,496
Loans receivable	17,276	16,741
Consumer | Past Due 30-89 Days
LOANS
Loans past due	87	189
Consumer | Past Due 90+ Days
LOANS
Loans past due	$ 112	$ 56

LOANS - Aging of Troubled Debt

LOANS - Aging of Troubled Debt Restructurings (Details) - USD ($) $ in Thousands	Sep. 30, 2020	Dec. 31, 2019
Troubled Debt Restructurings
Loans current and past due less than 30 days	$ 1,675,372	$ 1,166,748
Nonaccrual loans	22,796	9,218
Past Due 30-89 Days
Troubled Debt Restructurings
Loans past due	4,727	10,023
Past Due 90+ Days
Troubled Debt Restructurings
Loans past due	11,271	5,451
Troubled Debt Restructuring
Troubled Debt Restructurings
Loans current and past due less than 30 days	167	889
Nonaccrual loans	7,441	1,737
Troubled debt restructurings	8,037	2,626
Troubled Debt Restructuring | Past Due 30-89 Days
Troubled Debt Restructurings
Loans past due	91	0
Troubled Debt Restructuring | Past Due 90+ Days
Troubled Debt Restructurings
Loans past due	$ 338	$ 0

LOANS - Troubled Debt Restructu

LOANS - Troubled Debt Restructurings (Details) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2020USD ($)loan	Sep. 30, 2019USD ($)loan	Sep. 30, 2020USD ($)loan	Sep. 30, 2019USD ($)loan
Troubled Debt Restructurings
Troubled debt restructurings, number of contracts | loan			7	12
Troubled debt restructurings, post-modification recorded investment | $			$ 7,271	$ 1,811
Interest only payments for a nine-month period
Troubled Debt Restructurings
Troubled debt restructurings, number of contracts | loan	5	1
Troubled debt restructurings, post-modification recorded investment | $	$ 7,001	$ 1,261
Residential mortgage | Real estate loan | junior liens | Reduced monthly payments and extended maturity date
Troubled Debt Restructurings
Troubled debt restructurings, number of contracts | loan			0	1
Troubled debt restructurings, post-modification recorded investment | $			$ 0	$ 18
Residential mortgage | Real estate loan | junior liens | New loan at lower than risk-adjusted market rate to borrower from whom short sale of other collateral was accepted
Troubled Debt Restructurings
Troubled debt restructurings, number of contracts | loan			1	0
Troubled debt restructurings, post-modification recorded investment | $			$ 30	$ 0
Residential mortgage | Multi-family (5 or more) residential | Principal and interest payment deferral non-Covid related
Troubled Debt Restructurings
Troubled debt restructurings, number of contracts | loan	3	0
Troubled debt restructurings, post-modification recorded investment | $	$ 2,170	$ 0
Commercial | Real estate loan | Principal and interest payment deferral non-Covid related
Troubled Debt Restructurings
Troubled debt restructurings, number of contracts | loan	2	0
Troubled debt restructurings, post-modification recorded investment | $	$ 4,831	$ 0
Commercial | Real estate loan | Extended interest only payments and reduced monthly payments with a balloon payment at maturity
Troubled Debt Restructurings
Troubled debt restructurings, number of contracts | loan	0	1
Troubled debt restructurings, post-modification recorded investment | $	$ 0	$ 1,261
Commercial | Commercial and industrial | Principal and interest payment deferral non-Covid related
Troubled Debt Restructurings
Troubled debt restructurings, number of contracts | loan			2	0
Troubled debt restructurings, post-modification recorded investment | $			$ 4,831	$ 0
Commercial | Commercial and industrial | Extended interest only payments and reduced monthly payments with a balloon payment at maturity
Troubled Debt Restructurings
Troubled debt restructurings, number of contracts | loan			0	1
Troubled debt restructurings, post-modification recorded investment | $			$ 0	$ 1,261
Commercial | Commercial and industrial | Reduced monthly payments and extended maturity date
Troubled Debt Restructurings
Troubled debt restructurings, number of contracts | loan			0	9
Troubled debt restructurings, post-modification recorded investment | $			$ 0	$ 448
Commercial | Commercial and industrial | Interest only payments for a nine-month period
Troubled Debt Restructurings
Troubled debt restructurings, number of contracts | loan			1	0
Troubled debt restructurings, post-modification recorded investment | $			$ 240	$ 0
Commercial | Multi-family (5 or more) residential | Principal and interest payment deferral non-Covid related
Troubled Debt Restructurings
Troubled debt restructurings, number of contracts | loan			3	0
Troubled debt restructurings, post-modification recorded investment | $			$ 2,170	$ 0
Commercial | Agricultural loans | Reduced monthly payments and extended maturity date
Troubled Debt Restructurings
Troubled debt restructurings, number of contracts | loan			0	1
Troubled debt restructurings, post-modification recorded investment | $			$ 0	$ 84
Troubled Debt Restructuring
Troubled Debt Restructurings
Troubled debt restructurings, number of contracts | loan	1	12	1	12
Troubled debt restructurings, post-modification recorded investment | $	$ 240	$ 530	$ 240	$ 530
Troubled Debt Restructuring | Commercial and industrial
Troubled Debt Restructurings
Troubled debt restructurings, number of contracts | loan	0	9	0	9
Troubled debt restructurings, post-modification recorded investment | $	$ 0	$ 431	$ 0	$ 431
Troubled Debt Restructuring | Agricultural loans
Troubled Debt Restructurings
Troubled debt restructurings, number of contracts | loan	0	1	0	1
Troubled debt restructurings, post-modification recorded investment | $	$ 0	$ 81	$ 0	$ 81
Troubled Debt Restructuring | Residential mortgage | junior liens
Troubled Debt Restructurings
Troubled debt restructurings, number of contracts | loan	0	1	0	1
Troubled debt restructurings, post-modification recorded investment | $	$ 0	$ 18	$ 0	$ 18
Troubled Debt Restructuring | Commercial | Real estate loan
Troubled Debt Restructurings
Troubled debt restructurings, number of contracts | loan	1	0	1	0
Troubled debt restructurings, post-modification recorded investment | $	$ 240	$ 0	$ 240	$ 0

LOANS - Foreclosed Residential

LOANS - Foreclosed Residential Real Estate (Details) - USD ($) $ in Thousands	Sep. 30, 2020	Dec. 31, 2019
Residential mortgage
LOANS
Foreclosed residential real estate	$ 104	$ 292

LOANS - Mortgage Loans in Proce

LOANS - Mortgage Loans in Process of Foreclosure (Details) - USD ($) $ in Thousands	Sep. 30, 2020	Dec. 31, 2019
Residential mortgage
LOANS
Residential real estate in process of foreclosure	$ 1,719	$ 1,717

LOANS - Additional information

LOANS - Additional information (Details)	Mar. 27, 2020USD ($)	Sep. 30, 2020USD ($)item	Mar. 31, 2020USD ($)	Sep. 30, 2019USD ($)	Sep. 30, 2020USD ($)item	Sep. 30, 2019USD ($)	Dec. 31, 2019USD ($)	Jun. 30, 2020USD ($)	Jun. 30, 2019USD ($)	Apr. 01, 2019USD ($)	Dec. 31, 2018USD ($)
LOANS
Unamortized Loan Commitment and Origination Fees and Unamortized Discounts or Premiums, Total		$ 7,620,000			$ 7,620,000		$ 2,482,000
Recorded investment - with allowance		8,085,000			8,085,000		3,375,000
Specific allowances		651,000			651,000		1,051,000
Provision for loan losses		1,941,000		$ 1,158,000	3,293,000	$ 197,000
Loans receivable		$ 1,691,370,000			1,691,370,000		1,182,222,000
Increase in expenses					$ 3,096,000
Minimum extension period to determine if loan is impaired | item		1			1
Allowance for Loan losses		$ 10,753,000		9,257,000	$ 10,753,000	9,257,000	9,836,000	$ 11,026,000	$ 8,200,000		$ 9,309,000
Financing Receivable, Allowance for Credit Losses, Individually Evaluated for Impairment					100,000
Financing receivable charge-offs		2,249,000		116,000	$ 2,443,000	295,000
Recorded Investment		18,612,000			18,612,000		5,486,000
Financial Assets Facing Additional Credit Deterioration Due to Economic Impact of Covid-19
LOANS
Provision for loan losses		79,000			725,000
TDRs for which payment defaults occurred
LOANS
Financing receivable charge-offs		2,214,000
Commercial
LOANS
Loans receivable		1,035,071,000			$ 1,035,071,000		578,901,000
Charge-off rate period considered in evaluating loss exposure					5 years
Allowance for Loan losses		5,629,000		4,344,000	$ 5,629,000	4,344,000	4,788,000	5,858,000	3,388,000		4,591,000
Financing receivable charge-offs		2,219,000		0	2,343,000	6,000
Commercial | Maximum
LOANS
Financing Receivable Individually Evaluated for Impairment Threshold With Estimated Loss		200,000			200,000
Commercial | Minimum
LOANS
Financing Receivable Individually Evaluated for Impairment Threshold With Estimated Loss		200,000			200,000
Commercial loan of $3,500,000
LOANS
Loans receivable		3,500,000			3,500,000
Specific Loans Portfolio Segment
LOANS
Specific allowances		1,305,000			1,305,000
Provision for loan losses		909,000			1,976,000
Unallocated
LOANS
Allowance for Loan losses		585,000		585,000	585,000	585,000	585,000	585,000	585,000		499,000
Financing receivable charge-offs		0		0	0	0
Residential mortgage
LOANS
Loans receivable		639,023,000			$ 639,023,000		586,580,000
Charge-off rate period considered in evaluating loss exposure					3 years
Allowance for Loan losses		4,281,000		4,054,000	$ 4,281,000	4,054,000	4,182,000	4,320,000	3,963,000		3,986,000
Financing receivable charge-offs		0		50,000	0	157,000
Residential mortgage | Maximum
LOANS
Financing Receivable Individually Evaluated for Impairment Threshold With Estimated Loss		400,000			400,000
Residential mortgage | Minimum
LOANS
Financing Receivable Individually Evaluated for Impairment Threshold With Estimated Loss		400,000			400,000
One Real Estate Secured Commercial Loan
LOANS
Specific allowances				678,000		678,000
Small Business Administration - Paycheck Protection Program
LOANS
Unamortized Loan Commitment and Origination Fees and Unamortized Discounts or Premiums, Total		4,402,000			4,402,000
Amount of stimulus package designed	$ 2,000,000,000,000
Provision for loan losses					0
Contractual principal balances		166,690,000			166,690,000
Accretion of fees received		467,000			804,000
Recorded Investment		163,050,000			163,050,000
Small Business Administration - Paycheck Protection Program | Commercial
LOANS
Loans receivable		163,050,000			163,050,000		0
Allowance for Loan losses		0			0
Construction Loans | Commercial
LOANS
Recorded investment - with allowance		0			0		1,261,000
Specific allowances		0			0		678,000
Loans receivable		41,906,000			41,906,000		33,555,000
Allowance for Loan losses		440,000		158,000	440,000	158,000	966,000	420,000	152,000		110,000
Financing receivable charge-offs		0		0	107,000	0
Construction Loans | Residential mortgage
LOANS
Loans receivable		29,146,000			29,146,000		14,798,000
Allowance for Loan losses		169,000		258,000	169,000	258,000	117,000	137,000	220,000		203,000
Financing receivable charge-offs		0		0	0	0
Real estate loan | Commercial
LOANS
Recorded investment - with allowance		6,497,000			6,497,000		0
Specific allowances		409,000		678,000	409,000	678,000	0	1,193,000
Provision for loan losses			$ 107,000		2,376,000
Loans receivable		530,874,000			530,874,000		301,227,000
Allowance for Loan losses		$ 2,386,000		2,505,000	2,386,000	2,505,000	1,921,000	$ 2,426,000	$ 1,577,000		$ 2,538,000
Financing Receivable, Allowance for Credit Losses, Individually Evaluated for Impairment		1
Financing receivable charge-offs		$ 0		0	0	0
Real estate loan | Commercial | Troubled Debt Restructuring
LOANS
Specific allowances		134,000			134,000
Real estate loan | Commercial | TDRs for which payment defaults occurred
LOANS
Specific allowances				0		0
Real estate loan | Commercial loan of $3,500,000
LOANS
Financing receivable charge-offs		2,219,000			2,219,000
Real estate loan | Specific Loans Portfolio Segment
LOANS
Net decrease in allowance					400,000
Real estate loan | Residential mortgage
LOANS
Specific allowances		161,000			$ 161,000		$ 176,000
Loans Receivable 1 | Credit Availability Concentration Risk
LOANS
Concentration Risk, Percentage					10.00%		10.00%
Purchased Credit Impaired
LOANS
Loans receivable		7,447,000			$ 7,447,000		$ 441,000
Purchased Credit Impaired | Commercial
LOANS
Loans receivable		7,298,000			7,298,000		364,000
Purchased Credit Impaired | Residential mortgage
LOANS
Loans receivable		149,000			149,000		77,000
Purchased Credit Impaired | Small Business Administration - Paycheck Protection Program | Commercial
LOANS
Loans receivable		0			0
Purchased Credit Impaired | Construction Loans | Commercial
LOANS
Loans receivable		0			0		0
Purchased Credit Impaired | Construction Loans | Residential mortgage
LOANS
Loans receivable		0			0		0
Purchased Credit Impaired | Real estate loan | Commercial
LOANS
Loans receivable		4,342,000			4,342,000		364,000
Changes to Experience Factors Used to Estimate Allowance
LOANS
Provision for loan losses		834,000			745,000	347,000
Impact of Reduction in Loans
LOANS
Provision for loan losses					153,000
Impact of loan growth
LOANS
Provision for loan losses		119,000		373,000
Market Rate Adjustment
LOANS
Adjustment recorded in acquisition		2,909,000		$ 0	2,909,000	$ (1,807,000)
Market Rate Adjustment | Small Business Administration - Paycheck Protection Program
LOANS
Adjustment recorded in acquisition					762,000
Monument Bancorp, Inc
LOANS
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Loans Receivable										$ 259,300,000
Monument Bancorp, Inc | Purchased Credit Impaired
LOANS
Interest and Fee Income, Loans and Leases, Total		$ 7,000			120,000
Allowance for Loan and Lease Losses, Loans Acquired					$ 7,127,000		$ 1,216,000

GOODWILL AND OTHER INTANGIBLE_3

GOODWILL AND OTHER INTANGIBLE ASSETS - Core Deposit Intangibles (Details) - USD ($) $ in Thousands	Sep. 30, 2020	Dec. 31, 2019
GOODWILL AND OTHER INTANGIBLE ASSETS
Gross amount	$ 6,639	$ 3,495
Accumulated amortization	(2,580)	(2,248)
Net	$ 4,059	$ 1,247

GOODWILL AND OTHER INTANGIBLE_4

GOODWILL AND OTHER INTANGIBLE ASSETS - Amortization Expense Core Deposit Intangibles (Details) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019
Amortization Expense
Amortization expense	$ 208,000	$ 74,000	$ 332,000	$ 149,000
Covenant Financial Inc.
Amortization Expense
Amortization expense			$ 146,000

GOODWILL AND OTHER INTANGIBLE_5

GOODWILL AND OTHER INTANGIBLE ASSETS - Goodwill (Details) $ / shares in Units, $ in Thousands	1 Months Ended	3 Months Ended			9 Months Ended
	Sep. 30, 2020USD ($)D$ / shares	Sep. 30, 2020USD ($)D$ / shares	Dec. 31, 2019USD ($)$ / shares	Sep. 30, 2019USD ($)	Sep. 30, 2020USD ($)D$ / shares	Sep. 30, 2019USD ($)	Jun. 30, 2020USD ($)	Jun. 30, 2019USD ($)	Dec. 31, 2018USD ($)
Changes in the carrying amount of goodwill
Balance, beginning of period		$ 28,388	$ 28,618	$ 28,618	$ 28,388	$ 11,942
Goodwill arising in business combination		24,138		0	24,138	16,676
Balance, end of period	$ 52,526	$ 52,526	$ 28,388	28,618	$ 52,526	28,618
Number of the last trading days of the period in measuring closing price | D	10	10			10
Average closing share price (in dollars per share) | $ / shares	$ 16.24	$ 15.96	$ 26.05
Share price (in dollars per share) | $ / shares	$ 18.65	$ 18.65			$ 18.65
Estimated Fair value of reporting unit	$ 352,700	$ 352,700			$ 352,700
Stockholders' equity	$ 296,316	$ 296,316	$ 244,452	$ 242,939	$ 296,316	$ 242,939	$ 255,791	$ 239,716	$ 197,368
Rate of Excess in Fair value of reporting unit over the Stockholders' equity	19.00%	19.00%			19.00%
Goodwill impairment					$ 0
Valuation: Income Approach
Changes in the carrying amount of goodwill
Weighting percentage					60.00%
Resulted fair value	$ 375,300	$ 375,300			$ 375,300
Estimated earnings period					5 years
Percentage of Operating Expenses Reduction	20.00%	20.00%			20.00%
Required percentage of Intangible assets to be maintained	9.00%	9.00%			9.00%
Valuation: Income Approach | Maximum
Changes in the carrying amount of goodwill
Resulted fair value	$ 410,700	$ 410,700			$ 410,700
Projected cash flows, Discount rate	14.00%	14.00%			14.00%
Projected cash flows, Capitalization rate	11.00%	11.00%			11.00%
Valuation: Income Approach | Minimum
Changes in the carrying amount of goodwill
Resulted fair value	$ 340,000	$ 340,000			$ 340,000
Projected cash flows, Discount rate	12.00%	12.00%			12.00%
Projected cash flows, Capitalization rate	9.00%	9.00%			9.00%
Valuation: Income Approach | Midpoint
Changes in the carrying amount of goodwill
Projected cash flows, Discount rate	13.00%	13.00%			13.00%
Projected cash flows, Capitalization rate	10.00%	10.00%			10.00%
Change of control premium to Corporation's September 30, 2020 Market price Approach
Changes in the carrying amount of goodwill
Weighting percentage					20.00%
Resulted fair value	$ 329,000	$ 329,000			$ 329,000
Change of control premium to Corporation's September 30, 2020 Market price Approach | Maximum
Changes in the carrying amount of goodwill
Resulted fair value	$ 335,500	$ 335,500			$ 335,500
Control premium percentage	30.00%	30.00%			30.00%
Change of control premium to Corporation's September 30, 2020 Market price Approach | Minimum
Changes in the carrying amount of goodwill
Resulted fair value	$ 322,600	$ 322,600			$ 322,600
Control premium percentage	25.00%	25.00%			25.00%
Change of control premium to the Corporation's Volume-weighted average market price Approach
Changes in the carrying amount of goodwill
Weighting percentage					20.00%
Resulted fair value	$ 319,200	$ 319,200			$ 319,200
Change of control premium to the Corporation's Volume-weighted average market price Approach | Maximum
Changes in the carrying amount of goodwill
Resulted fair value	$ 325,700	$ 325,700			$ 325,700
Control premium percentage	30.00%	30.00%			30.00%
Change of control premium to the Corporation's Volume-weighted average market price Approach | Minimum
Changes in the carrying amount of goodwill
Resulted fair value	$ 312,700	$ 312,700			$ 312,700
Control premium percentage	25.00%	25.00%			25.00%

BORROWED FUNDS AND SUBORDINAT_3

BORROWED FUNDS AND SUBORDINATED DEBT (Details) - USD ($) $ in Thousands	Sep. 30, 2020	Dec. 31, 2019
BORROWED FUNDS AND SUBORDINATED DEBT
Short-term borrowings	$ 40,870	$ 86,220
Federal Home Loan Bank of Pittsburgh
BORROWED FUNDS AND SUBORDINATED DEBT
Short-term borrowings	38,557	84,292
FHLB-Pittsburgh borrowings
BORROWED FUNDS AND SUBORDINATED DEBT
Short-term borrowings	38,557	84,292
Overnight Borrowing | Federal Home Loan Bank of Pittsburgh
BORROWED FUNDS AND SUBORDINATED DEBT
Short-term borrowings	0	64,000
Customer repurchase agreements
BORROWED FUNDS AND SUBORDINATED DEBT
Short-term borrowings	2,313	1,928
Other short-term advances | Federal Home Loan Bank of Pittsburgh
BORROWED FUNDS AND SUBORDINATED DEBT
Short-term borrowings	$ 38,557	$ 20,292

BORROWED FUNDS AND SUBORDINAT_4

BORROWED FUNDS AND SUBORDINATED DEBT - Long-term Borrowing (Details) - USD ($) $ in Thousands	Sep. 30, 2020	Dec. 31, 2019
Long-term Borrowing
Long-term borrowings	$ 102,787	$ 52,127
Federal Home Loan Bank of Pittsburgh
Long-term Borrowing
Long-term borrowings	102,787	52,127
Federal Home Loan Bank of Pittsburgh | Loans matured in 2020 with a weighted-average rate of 2.71%
Long-term Borrowing
Long-term borrowings	0	5,069
Federal Home Loan Bank of Pittsburgh | Loans maturing in 2021 with a weighted-average effective rate of 1.36%
Long-term Borrowing
Long-term borrowings	26,124	6,000
Federal Home Loan Bank of Pittsburgh | Loans maturing in 2022 with a weighted-average effective rate of 1.40%
Long-term Borrowing
Long-term borrowings	35,740	20,000
Federal Home Loan Bank of Pittsburgh | Loans maturing in 2023 with a weighted-average effective rate of 1.44%
Long-term Borrowing
Long-term borrowings	27,750	20,500
Federal Home Loan Bank of Pittsburgh | Loans maturing in 2024 with a weighted-average effective rate of 1.06%
Long-term Borrowing
Long-term borrowings	12,683	0
Federal Home Loan Bank of Pittsburgh | Loan maturing in 2025 with a rate of 4.91%
Long-term Borrowing
Long-term borrowings	$ 490	$ 558

BORROWED FUNDS AND SUBORDINAT_5

BORROWED FUNDS AND SUBORDINATED DEBT - Long term Borrowing Additional Information (Details)	Sep. 30, 2020	Dec. 31, 2019
Debt Instrument [Line Items]
Rate	1.36%	1.36%
Loans matured in 2020 with a weighted-average rate of 2.71%
Debt Instrument [Line Items]
Rate	2.71%	2.71%
Loans maturing in 2022 with a weighted-average effective rate of 1.40%
Debt Instrument [Line Items]
Rate	1.40%	1.40%
Loans maturing in 2023 with a weighted-average effective rate of 1.44%
Debt Instrument [Line Items]
Rate	1.44%	1.44%
Loans maturing in 2024 with a weighted-average effective rate of 1.06%
Debt Instrument [Line Items]
Rate	1.06%	1.06%
Loan maturing in 2025 with a rate of 4.91%
Debt Instrument [Line Items]
Rate	4.91%	4.91%

BORROWED FUNDS AND SUBORDINAT_6

BORROWED FUNDS AND SUBORDINATED DEBT - Additional Information (Details)	Sep. 30, 2020USD ($)loanfacility	Dec. 31, 2019USD ($)
BORROWED FUNDS AND SUBORDINATED DEBT
Letter of credit	$ 400,000
Subordinated Debt, Ending Balance	16,572,000	$ 6,500,000
Other Correspondent Banks
BORROWED FUNDS AND SUBORDINATED DEBT
Line of Credit Facility, Maximum Borrowing Capacity	45,000,000	45,000,000
Long-term Line of Credit, Total	0	0
Federal Reserve Bank of Philadelphia | Collateral Pledged
BORROWED FUNDS AND SUBORDINATED DEBT
Debt Securities, Available-for-sale, Restricted	$ 15,124,000	$ 14,728,000
Customer repurchase agreements
BORROWED FUNDS AND SUBORDINATED DEBT
Debt, Weighted Average Interest Rate	0.10%	0.10%
Carrying Value of Securities Sold under Repurchase Agreements and Deposits Received for Securities Loaned, Total	$ 2,350,000	$ 1,951,000
Federal Home Loan Bank of Pittsburgh
BORROWED FUNDS AND SUBORDINATED DEBT
Line of Credit Facility, Maximum Borrowing Capacity	782,434,000	552,546,000
Federal Home Loan Bank, Advances, General Debt Obligations, Disclosures, Collateral Pledged	1,062,779,000	778,877,000
Line of Credit Facility, Remaining Borrowing Capacity	641,753,000	416,122,000
Federal Home Loan Bank of Pittsburgh | Other Assets
BORROWED FUNDS AND SUBORDINATED DEBT
Federal Home Loan Bank, Advances, General Debt Obligations, Disclosures, Collateral Pledged	11,929,000	10,131,000
Federal Home Loan Bank Stock	11,929,000	10,131,000
Federal Home Loan Bank of Pittsburgh | Federal Reserve Bank of Philadelphia
BORROWED FUNDS AND SUBORDINATED DEBT
Line of Credit Facility, Maximum Borrowing Capacity	14,654,000	14,244,000
Long-term Line of Credit, Total	$ 0	$ 0
Federal Home Loan Bank of Pittsburgh | Federal Home Loan Bank Advances 1
BORROWED FUNDS AND SUBORDINATED DEBT
Number of Short-term Advances | loanfacility	10
Short-term Borrowing, Amount of Each Borrowing	$ 38,400,000
Short-term Debt, Weighted Average Interest Rate, at Point in Time	0.58%

BORROWED FUNDS AND SUBORDINAT_7

BORROWED FUNDS AND SUBORDINATED DEBT -Subordinated Debt (Details) - USD ($) $ in Thousands	Sep. 30, 2020	Dec. 31, 2019
Debt Instrument [Line Items]
Subordinated debt	$ 16,572	$ 6,500
6.25% maturing in June 2026 and redeemable at par in June 2021
Debt Instrument [Line Items]
Subordinated debt	8,042	0
6.50% maturing in April 2027 and redeemable at par in April 2022
Debt Instrument [Line Items]
Subordinated debt	6,500	6,500
6.50% maturing in July 2027 and redeemable at par in July 2022
Debt Instrument [Line Items]
Subordinated debt	$ 2,030	$ 0

BORROWED FUNDS AND SUBORDINAT_8

BORROWED FUNDS AND SUBORDINATED DEBT -Subordinated Debt Additional Information (Details) - USD ($)	Sep. 30, 2020	Dec. 31, 2019
6.25% maturing in June 2026 and redeemable at par in June 2021
Aggregate par value	$ 8,000,000	$ 8,000,000
Stated interest rate	6.25%	6.25%
6.50% maturing in April 2027 and redeemable at par in April 2022
Aggregate par value	$ 6,500,000	$ 6,500,000
Stated interest rate	6.50%	6.50%
6.50% maturing in July 2027 and redeemable at par in July 2022
Aggregate par value	$ 2,000,000	$ 2,000,000
Stated interest rate	6.50%	6.50%

STOCK-BASED COMPENSATION PLAN_2

STOCK-BASED COMPENSATION PLANS (Details) - USD ($)	3 Months Ended		9 Months Ended		12 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019	Dec. 31, 2020
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period (in shares)			70,940
Restricted Stock
Share-based Payment Arrangement, Expense	$ 248,000	$ 215,000	$ 672,000	$ 646,000
Restricted Stock | Forecast
Share-based Payment Arrangement, Expense					$ 920,000
Stock Incentive Plan | Restricted Stock
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period (Year)			3 years
Independent Directors Stock Incentive Plan | Time Based Awards
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period (Year)			1 year

STOCK-BASED COMPENSATION PLAN_3

STOCK-BASED COMPENSATION PLANS - Restricted Stock Awards Granted (Details) $ in Thousands	9 Months Ended
	Sep. 30, 2020USD ($)shares
STOCK-BASED COMPENSATION PLANS
Number of shares | shares	70,940
Average Grant Date Fair Value | $	$ 1,644
First quarter awards | Time Based Awards
STOCK-BASED COMPENSATION PLANS
Number of shares | shares	30,381
Average Grant Date Fair Value | $	$ 801
First quarter awards | Time Based Awards | Director
STOCK-BASED COMPENSATION PLANS
Number of shares | shares	7,580
Average Grant Date Fair Value | $	$ 200
First quarter awards | Performance Shares
STOCK-BASED COMPENSATION PLANS
Number of shares | shares	17,903
Average Grant Date Fair Value | $	$ 343
Third quarter awards | Time Based Awards
STOCK-BASED COMPENSATION PLANS
Number of shares | shares	15,076
Average Grant Date Fair Value | $	$ 300

DERIVATIVE FINANCIAL INSTRUME_3

DERIVATIVE FINANCIAL INSTRUMENTS (Details) - USD ($)	3 Months Ended
	Sep. 30, 2020	Jul. 01, 2020
Derivative Financial Instruments
Fair value derivative asset		$ 7,932,000
Fair value of the derivative liability		7,932,000
Interest rate swap agreements
Derivative Financial Instruments
Aggregate notional amount	$ 136,620,000	$ 137,176,000
Fair value derivative asset	7,478,000
Fair value of the derivative liability	7,478,000
Derivatives not designated as hedging instruments | Interest rate swap agreements
Derivative Financial Instruments
Interest rate swap	0
Interest income	$ 351,000

DERIVATIVE FINANCIAL INSTRUME_4

DERIVATIVE FINANCIAL INSTRUMENTS - Narratives (Details) - USD ($)	Sep. 30, 2020	Jul. 01, 2020
Derivative Financial Instruments
Asset Derivatives, Fair Value		$ 7,932,000
Liability Derivatives, Fair Value		$ 7,932,000
Asset pledged
Derivative Financial Instruments
Available-for-sale securities pledged as collateral	$ 12,226,000
Interest rate swap agreements
Derivative Financial Instruments
Asset Derivatives, Notional Amount	68,310,000
Asset Derivatives, Fair Value	7,478,000
Liability Derivatives, Notional Amount	68,310,000
Liability Derivatives, Fair Value	$ 7,478,000

FAIR VALUE MEASUREMENTS AND F_3

FAIR VALUE MEASUREMENTS AND FAIR VALUES OF FINANCIAL INSTRUMENTS - Assets Measured at Fair Value (Details) - USD ($)	Sep. 30, 2020	Jul. 01, 2020	Dec. 31, 2019
Assets Measured at Fair Value
Total, fair value	$ 340,545,000		$ 346,723,000
Marketable equity security	1,003,000		979,000
Derivative Asset, Fair Value, Gross Asset		$ 7,932,000
Derivative Asset, Fair Value, Gross Liability		$ 7,932,000
Impaired loans with a valuation allowance	8,085,000		3,375,000
Valuation allowance	(651,000)		(1,051,000)
Impaired loans, net	8,085,000		3,375,000
Interest rate swap agreements
Assets Measured at Fair Value
Derivative Asset, Fair Value, Gross Asset	7,478,000
Derivative Asset, Fair Value, Gross Liability	7,478,000
Interest rate swap agreements | Level 1
Assets Measured at Fair Value
Derivative Asset, Fair Value, Gross Asset	0
Derivative Asset, Fair Value, Gross Liability	0
Interest rate swap agreements | Level 2
Assets Measured at Fair Value
Derivative Asset, Fair Value, Gross Asset	7,478,000
Derivative Asset, Fair Value, Gross Liability	7,478,000
Interest rate swap agreements | Level 3
Assets Measured at Fair Value
Derivative Asset, Fair Value, Gross Asset	0
Derivative Asset, Fair Value, Gross Liability	0
Obligations of the U.S. Treasury
Assets Measured at Fair Value
Total, fair value	12,226,000
Obligations of U.S. Government agencies
Assets Measured at Fair Value
Total, fair value	16,355,000		17,000,000
Obligations of States and Political Subdivisions Tax Exempt
Assets Measured at Fair Value
Total, fair value	109,668,000		70,760,000
Obligations of States and Political Subdivisions Taxable
Assets Measured at Fair Value
Total, fair value	44,195,000		36,303,000
Residential Pass-Through Securities
Assets Measured at Fair Value
Total, fair value	46,211,000		59,210,000
Residential Collateralized Mortgage Obligations
Assets Measured at Fair Value
Total, fair value	69,337,000		114,723,000
Commercial Mortgage Backed Securities
Assets Measured at Fair Value
Total, fair value	42,553,000		48,727,000
Recurring fair value measurements
Assets Measured at Fair Value
Total, fair value	340,545,000		346,723,000
Marketable equity security	1,003,000		979,000
Servicing rights	1,437,000		1,277,000
Total asset fair value measurements	350,463,000		348,979,000
Recurring fair value measurements | Level 1
Assets Measured at Fair Value
Total, fair value	0		0
Marketable equity security	1,003,000		979,000
Servicing rights	0		0
Total asset fair value measurements	1,003,000		979,000
Recurring fair value measurements | Level 2
Assets Measured at Fair Value
Total, fair value	340,545,000		346,723,000
Marketable equity security	0		0
Servicing rights	0		0
Total asset fair value measurements	348,023,000		346,723,000
Recurring fair value measurements | Level 3
Assets Measured at Fair Value
Total, fair value	0		0
Marketable equity security	0		0
Servicing rights	1,437,000		1,277,000
Total asset fair value measurements	1,437,000		1,277,000
Recurring fair value measurements | Obligations of the U.S. Treasury
Assets Measured at Fair Value
Total, fair value	12,226,000
Recurring fair value measurements | Obligations of the U.S. Treasury | Level 1
Assets Measured at Fair Value
Total, fair value	0
Recurring fair value measurements | Obligations of the U.S. Treasury | Level 2
Assets Measured at Fair Value
Total, fair value	12,226,000
Recurring fair value measurements | Obligations of the U.S. Treasury | Level 3
Assets Measured at Fair Value
Total, fair value	0
Recurring fair value measurements | Obligations of U.S. Government agencies
Assets Measured at Fair Value
Total, fair value	16,355,000		17,000,000
Recurring fair value measurements | Obligations of U.S. Government agencies | Level 1
Assets Measured at Fair Value
Total, fair value	0		0
Recurring fair value measurements | Obligations of U.S. Government agencies | Level 2
Assets Measured at Fair Value
Total, fair value	16,355,000		17,000,000
Recurring fair value measurements | Obligations of U.S. Government agencies | Level 3
Assets Measured at Fair Value
Total, fair value	0		0
Recurring fair value measurements | Obligations of States and Political Subdivisions Tax Exempt
Assets Measured at Fair Value
Total, fair value	109,668,000		70,760,000
Recurring fair value measurements | Obligations of States and Political Subdivisions Tax Exempt | Level 1
Assets Measured at Fair Value
Total, fair value	0		0
Recurring fair value measurements | Obligations of States and Political Subdivisions Tax Exempt | Level 2
Assets Measured at Fair Value
Total, fair value	109,668,000		70,760,000
Recurring fair value measurements | Obligations of States and Political Subdivisions Tax Exempt | Level 3
Assets Measured at Fair Value
Total, fair value	0		0
Recurring fair value measurements | Obligations of States and Political Subdivisions Taxable
Assets Measured at Fair Value
Total, fair value	44,195,000		36,303,000
Recurring fair value measurements | Obligations of States and Political Subdivisions Taxable | Level 1
Assets Measured at Fair Value
Total, fair value	0		0
Recurring fair value measurements | Obligations of States and Political Subdivisions Taxable | Level 2
Assets Measured at Fair Value
Total, fair value	44,195,000		36,303,000
Recurring fair value measurements | Obligations of States and Political Subdivisions Taxable | Level 3
Assets Measured at Fair Value
Total, fair value	0		0
Recurring fair value measurements | Residential Pass-Through Securities
Assets Measured at Fair Value
Total, fair value	46,211,000		59,210,000
Recurring fair value measurements | Residential Pass-Through Securities | Level 1
Assets Measured at Fair Value
Total, fair value	0		0
Recurring fair value measurements | Residential Pass-Through Securities | Level 2
Assets Measured at Fair Value
Total, fair value	46,211,000		59,210,000
Recurring fair value measurements | Residential Pass-Through Securities | Level 3
Assets Measured at Fair Value
Total, fair value	0		0
Recurring fair value measurements | Residential Collateralized Mortgage Obligations
Assets Measured at Fair Value
Total, fair value	69,337,000		114,723,000
Recurring fair value measurements | Residential Collateralized Mortgage Obligations | Level 1
Assets Measured at Fair Value
Total, fair value	0		0
Recurring fair value measurements | Residential Collateralized Mortgage Obligations | Level 2
Assets Measured at Fair Value
Total, fair value	69,337,000		114,723,000
Recurring fair value measurements | Residential Collateralized Mortgage Obligations | Level 3
Assets Measured at Fair Value
Total, fair value	0		0
Recurring fair value measurements | Commercial Mortgage Backed Securities
Assets Measured at Fair Value
Total, fair value	42,553,000		48,727,000
Recurring fair value measurements | Commercial Mortgage Backed Securities | Level 1
Assets Measured at Fair Value
Total, fair value	0		0
Recurring fair value measurements | Commercial Mortgage Backed Securities | Level 2
Assets Measured at Fair Value
Total, fair value	42,553,000		48,727,000
Recurring fair value measurements | Commercial Mortgage Backed Securities | Level 3
Assets Measured at Fair Value
Total, fair value	0		0
Nonrecurring fair value measurements
Assets Measured at Fair Value
Total asset fair value measurements	9,803,000		5,210,000
Impaired loans with a valuation allowance	8,085,000		3,375,000
Valuation allowance	(651,000)		(1,051,000)
Impaired loans, net	7,434,000		2,324,000
Foreclosed assets held for sale	2,369,000		2,886,000
Nonrecurring fair value measurements | Level 1
Assets Measured at Fair Value
Total asset fair value measurements	0		0
Impaired loans with a valuation allowance	0		0
Valuation allowance	0		0
Impaired loans, net	0		0
Foreclosed assets held for sale	0		0
Nonrecurring fair value measurements | Level 2
Assets Measured at Fair Value
Total asset fair value measurements	0		0
Impaired loans with a valuation allowance	0		0
Valuation allowance	0		0
Impaired loans, net	0		0
Foreclosed assets held for sale	0		0
Nonrecurring fair value measurements | Level 3
Assets Measured at Fair Value
Total asset fair value measurements	9,803,000		5,210,000
Impaired loans with a valuation allowance	8,085,000		3,375,000
Valuation allowance	(651,000)		(1,051,000)
Impaired loans, net	7,434,000		2,324,000
Foreclosed assets held for sale	$ 2,369,000		$ 2,886,000

FAIR VALUE MEASUREMENTS AND F_4

FAIR VALUE MEASUREMENTS AND FAIR VALUES OF FINANCIAL INSTRUMENTS - Valuation Techniques and the Unobservable Inputs (Details) - Recurring fair value measurements - USD ($)	9 Months Ended	12 Months Ended
	Sep. 30, 2020	Dec. 31, 2019
Valuation Techniques and the Unobservable Inputs
Fair value	$ 1,437,000	$ 1,277,000
Valuation Technique, Discounted cash flow
Valuation Techniques and the Unobservable Inputs
Fair value	$ 1,437,000	$ 1,277,000
Valuation Technique, Discounted cash flow | Servicing rights
Valuation Techniques and the Unobservable Inputs
Discount rate	12.50%	12.50%
Weighted-average PSA	354.00%	183.00%
Servicing fees of loan balances	0.25%	0.25%
Servicing fees of payments are late	4.00%	4.00%
Late fees assessed	5.00%	5.00%
Miscellaneous fees per account per month	$ 1.94	$ 1.94
Monthly servicing cost per account	6	6
Additional monthly servicing cost per loan on loans more than 30 days delinquent	$ 24	$ 24
Servicing costs of loans more than 30 days delinquent	1.50%	1.50%
Annual increase in servicing costs	3.00%	3.00%

FAIR VALUE MEASUREMENTS AND F_5

FAIR VALUE MEASUREMENTS AND FAIR VALUES OF FINANCIAL INSTRUMENTS - Level 3 (Details) - Level 3 - Servicing rights - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019
Level 3
Servicing rights balance, beginning of period	$ 1,284	$ 1,322	$ 1,277	$ 1,404
Originations of servicing rights	374	70	777	136
Unrealized losses included in earnings	(221)	(164)	(617)	(312)
Servicing rights balance, end of period	$ 1,437	$ 1,228	$ 1,437	$ 1,228

FAIR VALUE MEASUREMENTS AND F_6

FAIR VALUE MEASUREMENTS AND FAIR VALUES OF FINANCIAL INSTRUMENTS - Valuation Techniques of Unobservable - Nonrecurring Basis (Details) - USD ($)	Sep. 30, 2020	Jun. 30, 2020	Dec. 31, 2019	Sep. 30, 2019
Valuation Techniques and the Unobservable Inputs
Recorded investment - with allowance	$ 8,085,000		$ 3,375,000
Related allowance	651,000		1,051,000
Nonrecurring fair value measurements
Valuation Techniques and the Unobservable Inputs
Recorded investment - with allowance	7,434,000		2,324,000
Related allowance	651,000		1,051,000
Foreclosed assets held for sale	2,369,000		2,886,000
Residential mortgage
Valuation Techniques and the Unobservable Inputs
Foreclosed assets held for sale	104,000		292,000
Residential mortgage | Real estate loan
Valuation Techniques and the Unobservable Inputs
Related allowance	161,000		176,000
Commercial | Real estate loan
Valuation Techniques and the Unobservable Inputs
Recorded investment - with allowance	6,497,000		0
Related allowance	409,000	$ 1,193,000	0	$ 678,000
Commercial | Commercial and industrial
Valuation Techniques and the Unobservable Inputs
Recorded investment - with allowance	72,000		904,000
Related allowance	72,000		149,000
Commercial | Loans secured by farm land
Valuation Techniques and the Unobservable Inputs
Recorded investment - with allowance	0		478,000
Related allowance	0		48,000
Impaired loans | Nonrecurring fair value measurements
Valuation Techniques and the Unobservable Inputs
Recorded investment - with allowance	8,085,000		3,375,000
Related allowance	651,000		1,051,000
Fair value	7,434,000		2,324,000
Impaired loans | Valuation, Market Approach | Residential mortgage | Real estate loan | Nonrecurring fair value measurements
Valuation Techniques and the Unobservable Inputs
Recorded investment - with allowance	1,516,000		732,000
Related allowance	170,000		176,000
Fair value	$ 1,346,000		$ 556,000
Impaired loans | Valuation, Market Approach | Residential mortgage | Real estate loan | Weighted average | Nonrecurring fair value measurements
Valuation Techniques and the Unobservable Inputs
Discount rate	31.00%		30.00%
Impaired loans | Valuation, Market Approach | Commercial | Commercial loans secured by real estate | Nonrecurring fair value measurements
Valuation Techniques and the Unobservable Inputs
Recorded investment - with allowance	$ 6,497,000
Related allowance	409,000
Fair value	$ 6,088,000
Impaired loans | Valuation, Market Approach | Commercial | Commercial loans secured by real estate | Weighted average | Nonrecurring fair value measurements
Valuation Techniques and the Unobservable Inputs
Discount rate	38.00%
Impaired loans | Valuation, Market Approach | Commercial | Commercial and industrial | Nonrecurring fair value measurements
Valuation Techniques and the Unobservable Inputs
Recorded investment - with allowance	$ 72,000		$ 106,000
Related allowance	72,000		89,000
Fair value	$ 0		17,000
Impaired loans | Valuation, Market Approach | Commercial | Commercial and industrial | Nonrecurring fair value measurements | Discount to borrower's financial statement value
Valuation Techniques and the Unobservable Inputs
Recorded investment - with allowance			798,000
Related allowance			60,000
Fair value			$ 738,000
Impaired loans | Valuation, Market Approach | Commercial | Commercial and industrial | Weighted average | Nonrecurring fair value measurements
Valuation Techniques and the Unobservable Inputs
Discount rate	100.00%		69.00%
Impaired loans | Valuation, Market Approach | Commercial | Commercial and industrial | Weighted average | Nonrecurring fair value measurements | Discount to borrower's financial statement value
Valuation Techniques and the Unobservable Inputs
Discount rate			15.00%
Impaired loans | Valuation, Market Approach | Commercial | Commercial construction and land | Nonrecurring fair value measurements
Valuation Techniques and the Unobservable Inputs
Recorded investment - with allowance			$ 1,261,000
Related allowance			678,000
Fair value			$ 583,000
Impaired loans | Valuation, Market Approach | Commercial | Commercial construction and land | Weighted average | Nonrecurring fair value measurements
Valuation Techniques and the Unobservable Inputs
Discount rate			47.00%
Impaired loans | Valuation, Market Approach | Commercial | Loans secured by farm land | Nonrecurring fair value measurements
Valuation Techniques and the Unobservable Inputs
Recorded investment - with allowance			$ 478,000
Related allowance			48,000
Fair value			$ 430,000
Impaired loans | Valuation, Market Approach | Commercial | Loans secured by farm land | Weighted average | Nonrecurring fair value measurements
Valuation Techniques and the Unobservable Inputs
Discount rate			46.00%
Foreclosed assets held for sale | Nonrecurring fair value measurements
Valuation Techniques and the Unobservable Inputs
Foreclosed assets held for sale	$ 2,369,000		$ 2,886,000
Valuation allowance	0		0
Fair value	2,369,000		2,886,000
Foreclosed assets held for sale | Valuation, Market Approach | Land | Nonrecurring fair value measurements
Valuation Techniques and the Unobservable Inputs
Foreclosed assets held for sale			70,000
Valuation allowance			0
Fair value			$ 70,000
Foreclosed assets held for sale | Valuation, Market Approach | Land | Weighted average | Nonrecurring fair value measurements
Valuation Techniques and the Unobservable Inputs
Discount rate			53.00%
Foreclosed assets held for sale | Valuation, Market Approach | Commercial real estate | Nonrecurring fair value measurements
Valuation Techniques and the Unobservable Inputs
Foreclosed assets held for sale	2,265,000		$ 2,524,000
Valuation allowance	0		0
Fair value	$ 2,265,000		$ 2,524,000
Foreclosed assets held for sale | Valuation, Market Approach | Commercial real estate | Weighted average | Nonrecurring fair value measurements
Valuation Techniques and the Unobservable Inputs
Discount rate	34.00%		39.00%
Foreclosed assets held for sale | Valuation, Market Approach | Residential mortgage | Nonrecurring fair value measurements
Valuation Techniques and the Unobservable Inputs
Foreclosed assets held for sale	$ 104,000		$ 292,000
Valuation allowance	0		0
Fair value	$ 104,000		$ 292,000
Foreclosed assets held for sale | Valuation, Market Approach | Residential mortgage | Weighted average | Nonrecurring fair value measurements
Valuation Techniques and the Unobservable Inputs
Discount rate	47.00%		46.00%

FAIR VALUE MEASUREMENTS AND F_7

FAIR VALUE MEASUREMENTS AND FAIR VALUES OF FINANCIAL INSTRUMENTS - Estimated Fair Values, and Related Carrying Amounts, of the Financial Instruments (Details) - USD ($) $ in Thousands	Sep. 30, 2020	Dec. 31, 2019
Fair values, and carrying amounts financial instruments not recorded at fair value
Subordinated debt	$ 16,572	$ 6,500
Reported value measurement | Level 1
Fair values, and carrying amounts financial instruments not recorded at fair value
Cash and cash equivalents	168,148	31,122
Reported value measurement | Level 2
Fair values, and carrying amounts financial instruments not recorded at fair value
Certificates of deposit	6,330	4,080
Restricted equity securities (included in Other Assets)	12,179	10,321
Accrued interest receivable	8,296	5,001
Short-term borrowings	40,870	86,220
Long-term borrowings	102,787	52,127
Subordinated debt	16,572	6,500
Accrued interest payable	563	311
Reported value measurement | Level 2 | Deposits with no stated maturity
Fair values, and carrying amounts financial instruments not recorded at fair value
Deposits, fair value	1,440,602	877,965
Reported value measurement | Level 2 | Time deposits
Fair values, and carrying amounts financial instruments not recorded at fair value
Deposits, fair value	430,912	374,695
Reported value measurement | Level 3
Fair values, and carrying amounts financial instruments not recorded at fair value
Loans, net	1,680,617	1,172,386
Estimate of fair value measurement | Level 1
Fair values, and carrying amounts financial instruments not recorded at fair value
Cash and cash equivalents	168,148	31,122
Estimate of fair value measurement | Level 2
Fair values, and carrying amounts financial instruments not recorded at fair value
Certificates of deposit	6,567	4,227
Restricted equity securities (included in Other Assets)	12,179	10,321
Accrued interest receivable	8,296	5,001
Short-term borrowings	40,902	86,166
Long-term borrowings	105,336	52,040
Subordinated debt	16,680	6,499
Accrued interest payable	563	311
Estimate of fair value measurement | Level 2 | Deposits with no stated maturity
Fair values, and carrying amounts financial instruments not recorded at fair value
Deposits, fair value	1,440,602	877,965
Estimate of fair value measurement | Level 2 | Time deposits
Fair values, and carrying amounts financial instruments not recorded at fair value
Deposits, fair value	434,978	376,738
Estimate of fair value measurement | Level 3
Fair values, and carrying amounts financial instruments not recorded at fair value
Loans, net	$ 1,686,087	$ 1,181,000