Carolina Financial (CARO) 10-Q 5 May 17 2017 Q1 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	3 Months Ended
	Mar. 31, 2017	May 05, 2017
Document And Entity Information
Entity Registrant Name	CAROLINA FINANCIAL CORP
Entity Central Index Key	870,385
Document Type	10-Q
Document Period End Date	Mar. 31, 2017
Amendment Flag	false
Current Fiscal Year End Date	--12-31
Is Entity a Well-known Seasoned Issuer?	No
Is Entity a Voluntary Filer?	No
Is Entity's Reporting Status Current?	Yes
Entity Filer Category	Smaller Reporting Company
Entity Common Stock, Shares Outstanding		16,149,802
Document Fiscal Period Focus	Q1
Document Fiscal Year Focus	2,017

CONSOLIDATED BALANCE SHEETS (Un

CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($) $ in Thousands	Mar. 31, 2017	Dec. 31, 2016
ASSETS
Cash and due from banks	$ 21,456	$ 9,761
Interest-bearing cash	36,582	14,591
Federal funds sold	10,560
Cash and cash equivalents	68,598	24,352
Securities available-for-sale (cost of $493,678 at March 31, 2017 and $338,214 at December 31, 2016)	494,130	335,352
Federal Home Loan Bank stock, at cost	12,478	11,072
Other investments	2,116	1,768
Derivative assets	3,226	2,219
Loans held for sale	21,399	31,569
Loans receivable, net of allowance for loan losses of $10,715 at March 31, 2017 and $10,688 at December 31, 2016	1,406,295	1,167,578
Premises and equipment, net	46,544	37,054
Accrued interest receivable	6,726	5,373
Real estate acquired through foreclosure, net	1,479	1,179
Deferred tax assets, net	10,210	8,341
Mortgage servicing rights	15,792	15,032
Cash value life insurance	37,938	28,984
Core deposit intangible	8,005	3,658
Goodwill	37,287	4,266
Other assets	9,886	5,939
Total assets	2,182,109	1,683,736
Liabilities:
Noninterest-bearing deposits	298,365	229,905
Interest-bearing deposits	1,309,355	1,028,355
Total deposits	1,607,720	1,258,260
Short-term borrowed funds	214,500	203,000
Long-term debt	55,304	38,465
Derivative liabilities	682	342
Drafts outstanding	7,129	6,223
Advances from borrowers for insurance and taxes	2,037	1,058
Accrued interest payable	690	327
Reserve for mortgage repurchase losses	2,583	2,880
Dividends payable to shareholders	576	502
Accrued expenses and other liabilities	19,434	9,489
Total liabilities	1,910,655	1,520,546
Stockholders' equity:
Preferred stock, par value $.01; 1,000,000 shares authorized at March 31, 2017 and December 31, 2016; no shares issued or outstanding
Common stock, par value $.01; 25,000,000 shares authorized at March 31, 2017 and December 31, 2016; 16,185,408 and 12,548,328 issued and outstanding at March 31, 2017 and December 31, 2016, respectively	162	125
Additional paid-in capital	168,113	66,156
Retained earnings	102,528	98,451
Accumulated other comprehensive income (loss), net of tax benefit	651	(1,542)
Total stockholders' equity	271,454	163,190
Total liabilities and stockholders' equity	$ 2,182,109	$ 1,683,736

CONSOLIDATED BALANCE SHEETS (U3

CONSOLIDATED BALANCE SHEETS (Unaudited) (Parenthetical) - USD ($) $ in Thousands	Mar. 31, 2017	Dec. 31, 2016
Statement of Financial Position [Abstract]
Securities available for sale at cost	$ 493,678	$ 338,214
Loans, allowance for loan losses	$ 10,715	$ 10,688
Preferred stock, par value (in dollars per share)	$ 0.01	$ 0.01
Preferred stock, shares authorized	1,000,000	1,000,000
Preferred stock, shares issued	0	0
Preferred stock, shares outstanding	0	0
Common stock, par value (in dollars per share)	$ 0.01	$ 0.01
Common stock, shares authorized	25,000,000	25,000,000
Common stock, shares issued	16,185,408	12,548,328
Common stock, shares outstanding	16,185,408	12,548,328

CONSOLIDATED STATEMENTS OF OPER

CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016
Interest income
Loans	$ 14,968	$ 11,085
Investment securities	2,553	2,152
Dividends from Federal Home Loan Bank stock	101	97
Federal Funds sold	3
Other interest income	45	26
Total interest income	17,670	13,360
Interest expense
Deposits	1,692	1,367
Short-term borrowed funds	355	105
Long-term debt	353	615
Total interest expense	2,400	2,087
Net interest income	15,270	11,273
Provision for loan losses
Net interest income after provision for loan losses	15,270	11,273
Noninterest income
Mortgage banking income	3,608	3,175
Deposit service charges	858	862
Net loss on extinguishment of debt		(9)
Net gain on sale of securities	185	417
Fair value adjustments on interest rate swaps	(58)	(281)
Net increase in cash value life insurance	211	229
Mortgage loan servicing income	1,566	1,388
Other	861	495
Total noninterest income	7,231	6,276
Noninterest expense
Salaries and employee benefits	8,609	7,150
Occupancy and equipment	2,182	1,842
Marketing and public relations	381	385
FDIC insurance	100	168
Recovery of mortgage loan repurchase losses	(225)	(250)
Legal expense	65	49
Other real estate expense, net	20	20
Mortgage subservicing expense	486	423
Amortization of mortgage servicing rights	669	532
Merger related expenses	1,319	186
Other	1,980	1,763
Total noninterest expense	15,586	12,268
Income before income taxes	6,915	5,281
Income tax expense	2,011	1,638
Net income	$ 4,904	$ 3,643
Earnings per common share:
Basic (per share)	$ 0.35	$ 0.31
Diluted (per share)	$ 0.35	$ 0.3
Weighted average common shares outstanding:
Basic (in shares)	13,919,711	11,746,574
Diluted (in shares)	14,139,241	11,978,801

CONSOLIDATED STATEMENTS OF COMP

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016
Consolidated Statements Of Comprehensive Income
Net income	$ 4,904	$ 3,643
Other comprehensive income (loss), net of tax:
Unrealized gain on securities	3,474	179
Tax effect	(1,251)	(64)
Reclassification adjustment for gains included in earnings	(185)	(417)
Tax effect	67	150
Unrealized gain (loss) on interest rate swaps designated as cash flow hedges	138	(1,490)
Tax effect	(50)	536
Other comprehensive income (loss), net of tax	2,193	(1,106)
Comprehensive income	$ 7,097	$ 2,537

CONSOLIDATED STATEMENTS OF CHAN

CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS' EQUITY (Unaudited) - USD ($) $ in Thousands	Common Stock	Additional Paid-In Capital	Retained Earnings	Accumulated Other Comprehensive Income (Loss)	Total
Beginning Balance at Dec. 31, 2015	$ 120	$ 56,418	$ 82,859	$ 462	$ 139,859
Beginning Balance (in shares) at Dec. 31, 2015	12,023,557
Stock awards	$ 1				1
Stock awards (in shares)	29,994
Vested stock awards surrendered in cashless exercise			(30)		(30)
Vested stock awards surrendered in cashless exercise	(1,936)
Excess tax benefit in connection with equity awards		15			15
Stock-based compensation expense, net		370			370
Net income			3,643		3,643
Dividends declared to stockholders			(362)		(362)
Other comprehensive income, net of tax				(1,106)	(1,106)
Ending Balance at Mar. 31, 2016	$ 121	56,803	86,110	(644)	142,390
Ending Balance (in shares) at Mar. 31, 2016	12,051,615
Beginning Balance at Dec. 31, 2016	$ 125	66,156	98,451	(1,542)	163,190
Beginning Balance (in shares) at Dec. 31, 2016	12,548,328
Issuance of common stock, net of offering expenses	$ 18	47,653			47,671
Issuance of common stock, net of offering expenses	1,807,143
Stock issued - Greer Bancshares Incorporated acquisition	$ 18	54,063			54,081
Stock issued - Greer Bancshares Incorporated acquisition (in shares)	1,784,831
Stock awards	$ 1	108			109
Stock awards (in shares)	60,031
Vested stock awards surrendered in cashless exercise		(186)	(251)		(437)
Vested stock awards surrendered in cashless exercise	(14,925)
Stock-based compensation expense, net		319			319
Net income			4,904		4,904
Dividends declared to stockholders			(576)		(576)
Other comprehensive income, net of tax				2,193	2,193
Ending Balance at Mar. 31, 2017	$ 162	$ 168,113	$ 102,528	$ 651	$ 271,454
Ending Balance (in shares) at Mar. 31, 2017	16,185,408

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016
Cash flows from operating activities:
Net income	$ 4,904	$ 3,643
Adjustments to reconcile net income to net cash provided by (used in) operating activities:
Amortization of unearned discount/premiums on investments, net	834	903
Amortization of deferred loan fees	(251)	(122)
Accretion of acquired loans	(372)
Amortization of core deposit intangibles	133	86
Gain on sale of available-for-sale securities, net	(185)	(417)
Mortgage banking income	(3,608)	(3,175)
Originations of loans held for sale	(195,583)	(204,477)
Proceeds from sale of loans held for sale	209,466	217,622
Loss on extinquishment of debt		9
Provision for mortgage loan repurchase losses	(225)	(250)
Mortgage loan losses paid, net of recoveries	(72)	(21)
Fair value adjustments on interest rate swaps	58	281
Stock-based compensation	319	370
Increase in cash surrender value of bank owned life insurance	(211)	(229)
Depreciation	568	472
(Gain) loss on disposals of premises and equipment	3	(1)
Loss on sale of real estate acquired through foreclosure	(6)	(5)
Originations of mortgage servicing assets	(1,429)	(1,045)
Amortization of mortgage servicing assets	669	532
Accrued interest receivable	(170)	(171)
Other assets	(5,156)	(2,423)
Increase (decrease) in:
Accrued interest payable	105	17
Dividends payable to shareholders	74	1
Accrued expenses and other liabilities	(1,031)	(1,823)
Cash flows provided by operating activities	8,834	9,777
Activity in available-for-sale securities:
Purchases	(85,787)	(55,688)
Maturities, payments and calls	11,877	12,665
Proceeds from sales	37,697	34,478
Increase in other investments	(7)	(228)
Increase in Federal Home Loan Bank stock	189	2,150
Increase in loans receivable, net	(43,725)	(41,084)
Purchase of premises and equipment	(1,931)	(417)
Proceeds from disposals of premises and equipment		1
Proceeds from sale of real estate acquired through foreclosure	29	1,288
Purchase of bank owned life insurance		(25)
Net cash received for acquisitions	37,622
Cash flows used in investing activities	(44,036)	(46,860)
Cash flows from financing activities:
Net increase in deposit accounts	38,394	96,244
Net increase in Federal Home Loan Bank advances	(8,000)	(55,009)
Net increase (decrease) in drafts outstanding	906	(459)
Net increase in advances from borrowers for insurance and taxes	979	333
Cash dividends paid on common stock	(502)	(361)
Proceeds from issuance of common stock	47,671
Net increase in excess tax benefit in connection with equity awards		15
Cash flows provided by financing activities	79,448	40,763
Net increase (decrease) in cash and cash equivalents	44,246	3,680
Cash and cash equivalents, beginning of period	24,352	26,627
Cash and cash equivalents, end of period	68,598	30,307
Supplemental disclosure
Cash paid for Interest on deposits and borrowed funds	2,037	2,070
Cash paid for Income taxes paid, net of refunds	19	1,931
Noncash investing and financing activities:
Transfer of loans receivable to real estate acquired through foreclosure	$ 281

SUMMARY OF SIGNIFICANT ACCOUNTI

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	3 Months Ended
	Mar. 31, 2017
Accounting Policies [Abstract]
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	NOTE 1 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Organization Carolina Financial Corporation (“Carolina Financial” or the “Company”), incorporated under the laws of the State of Delaware, is a bank holding company with one wholly-owned subsidiary, CresCom Bank (the “Bank”). CresCom Bank operates two wholly-owned subsidiaries, Crescent Mortgage Company and Carolina Services Corporation of Charleston (“Carolina Services”). The consolidated financial statements include the accounts of the Company and its wholly-owned subsidiary, the Bank. In consolidation, all material intercompany accounts and transactions have been eliminated. The results of operations of the businesses acquired in transactions accounted for as purchases are included only from the dates of acquisition. All majority-owned subsidiaries are consolidated unless control is temporary or does not rest with the Company. At March 31, 2017, statutory business trusts (“Trusts”) created or acquried by the Company had outstanding trust preferred securities with a balance of $23.3 million. The principal assets of the Trusts are the Company’s subordinated debentures with identical rates of interest and maturities as the trust preferred securities. The Trusts have issued $806,000 of common securities to the Company and are included in other investments in the accompanying consolidated balance sheets. The Trusts are not consolidated subsidiaries of the Company. Basis of Presentation The accompanying consolidated financial statements have been prepared in accordance with generally accepted accounting principles (“GAAP”) for interim financial information and with the instructions to Form 10-Q and Article 10 of Regulation S-X. Accordingly, they do not include all the information and notes required by accounting principles generally accepted in the United States of America for complete financial statements. In the opinion of management, all adjustments (consisting of normal recurring accruals) considered necessary for a fair presentation have been included. Operating results for the three months ended March 31, 2017 are not necessarily indicative of the results that may be expected for the year ending December 31, 2017. For further information, refer to the consolidated financial statements and notes thereto included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2016 as filed with the Securities and Exchange Commission on March 10, 2017. There have been no significant changes to the accounting policies as disclosed in the Company’s Form 10-K. Management’s Estimates The financial statements are prepared in accordance with GAAP, which require management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities as of the date of the financial statements and the reported amounts of revenues and expenses during the reporting periods. Actual results could differ from those estimates. Material estimates that are particularly susceptible to significant change in the near term relate to the determination of the allowance for loan losses, including valuation for impaired loans, the valuation of real estate acquired in connection with foreclosure or in satisfaction of loans, the valuation of securities, the valuation of derivative instruments, the valuation of assets acquired and liabilities assumed in business combinations, the valuation of mortgage servicing rights, the determination of the reserve for mortgage loan repurchase losses, asserted and unasserted legal claims and deferred tax assets or liabilities. In connection with the determination of the allowance for loan losses and foreclosed real estate, management obtains independent appraisals for significant properties. Management must also make estimates in determining the estimated useful lives and methods for depreciating premises and equipment. Management uses available information to recognize losses on loans and foreclosed real estate. However, future additions to the allowance may be necessary based on changes in local economic conditions. In addition, regulatory agencies, as an integral part of their examination process, periodically review the Bank’s allowance for loan losses and foreclosed real estate. Such agencies may require the Bank to recognize additions to the allowance based on their judgments about information available to them at the time of their examination. Because of these factors, it is reasonably possible that the allowance for loan losses and valuation of foreclosed real estate may change materially in the near term. Earnings Per Share Basic earnings per share (“EPS”) represents income available to common stockholders divided by the weighted-average number of shares outstanding during the period. Diluted earnings per share reflects additional shares that would have been outstanding if dilutive potential shares had been issued. Potential shares that may be issued by the Company relate solely to outstanding stock options, restricted stock (non-vested shares), restricted stock units (“RSUs”) and warrants, and are determined using the treasury stock method. Under the treasury stock method, the number of incremental shares is determined by assuming the issuance of stock for the outstanding stock options, unvested restricted stock and RSUs, and warrants, reduced by the number of shares assumed to be repurchased from the issuance proceeds, using the average market price for the period of the Company’s stock. Subsequent Events Subsequent events are material events or transactions that occur after the balance sheet date but before financial statements are issued. Recognized subsequent events are events or transactions that provide additional evidence about conditions that existed at the date of the balance sheet, including the estimates inherent in the process of preparing financial statements. Non-recognized subsequent events are events that provide evidence about conditions that did not exist at the date of the statement of financial condition but arose after that date. Management has reviewed events occurring through the date the financial statements were issued and no subsequent events occurred requiring accrual or disclosure except as follows: The Company’s Board of Directors declared a quarterly cash dividend of $0.04 per share payable on its common stock. The cash dividend will be payable on July 6, 2017 to stockholders of record as of June 15, 2017. Reclassification Certain reclassifications of accounts reported for previous periods have been made in these consolidated financial statements. Such reclassifications had no effect on stockholders’ equity or the net income as previously reported. Recently Issued Accounting Pronouncements In May 2014 and August 2015, the Financial Accounting Standards Board (“FASB”) issued guidance to change the recognition of revenue from contracts with customers. The core principle of the new guidance is that an entity should recognize revenue to reflect the transfer of goods and services to customers in an amount equal to the consideration the entity receives or expects to receive. The guidance will be effective for the Company for reporting periods beginning after December 15, 2017. The Company will apply the guidance using a modified retrospective approach. The Company does not expect these amendments to have a material effect on its financial statements. In August 2015, the FASB issued amendments to the Interest topic of the Accounting Standards Codification (“ASC”) to clarify the SEC staff’s position on presenting and measuring debt issuance costs incurred in connection with line-of-credit arrangements. The amendments were effective upon issuance. The amendments did not have a material effect on the financial statements In January 2016, the FASB amended the Financial Instruments topic of the ASC to address certain aspects of recognition, measurement, presentation, and disclosure of financial instruments. The amendments will be effective for fiscal years beginning after December 15, 2017, including interim periods within those fiscal years. The Company will apply the guidance by means of a cumulative-effect adjustment to the balance sheet as of the beginning of the fiscal year of adoption. The amendments related to equity securities without readily determinable fair values will be applied prospectively to equity investments that exist as of the date of adoption of the amendments. The Company does not expect these amendments to have a material effect on its financial statements. In February 2016, the FASB amended the Leases topic of the ASC to revise certain aspects of recognition, measurement, presentation, and disclosure of leasing transactions. The amendments will be effective for fiscal years beginning after December 15, 2018, including interim periods within those fiscal years. The Company is currently evaluating the effect that implementation of the new standard will have on its financial position, results of operations, and cash flows. In March 2016, the FASB amended the Revenue from Contracts with Customers topic of the ASC to clarify the implementation guidance on principal versus agent considerations and address how an entity should assess whether it is the principal or the agent in contracts that include three or more parties. The amendments will be effective for the Company for reporting periods beginning after December 15, 2017. The Company does not expect these amendments to have a material effect on its financial statements. In March 2016, the FASB issued guidance to simplify several aspects of the accounting for share-based payment award transactions including the income tax consequences, the classification of awards as either equity or liabilities, and the classification on the statement of cash flows become effective as of January 1, 2017. In addition to other changes, the guidance changes the accounting for excess tax benefits and tax deficiencies from generally being recognized in additional paid-in capital to recognition as income tax expense or benefit in the period they occur. For public business entities, the amendments are effective for annual periods beginning after December 15, 2016, and interim periods within those annual periods. The Company adopted the new guidance in the second quarter of 2016. These amendments did not have a material impact to the Company’s financial position, results of operations, and cash flows. In April 2016, the FASB amended the Revenue from Contracts with Customers topic of the ASC to clarify guidance related to identifying performance obligations and accounting for licenses of intellectual property. The amendments will be effective for the Company for reporting periods beginning after December 15, 2017. The Company does not expect these amendments to have a material effect on its financial statements. In May 2016, the FASB amended the Revenue from Contracts with Customers topic of the ASC to clarify guidance related to collectability, noncash consideration, presentation of sales tax, and transition. The amendments will be effective for the Company for reporting periods beginning after December 15, 2017. The Company does not expect these amendments to have a material effect on its financial statements. In June 2016, the FASB issued guidance to change the accounting for credit losses and modify the impairment model for certain debt securities. The amendments will be effective for the Company for reporting periods beginning after December 15, 2019. The Company is evaluating the effect that implementation of the new standard will have on its financial position, results of operation and cash flows. In August 2016, the FASB amended the Statement of Cash Flows topic of the ASC to clarify how certain cash receipts and cash payments are presented and classified in the statement of cash flows. The amendments will be effective for the Company for fiscal years beginning after December 15, 2017 including interim periods within those fiscal years. The Company does not expect these amendments to have a material effect on its financial statements. In October 2016, the FASB amended the Income Taxes topic of the ASC to modify the accounting for intra-entity transfers of assets other than inventory. The amendments will be effective for the Company for fiscal years beginning after December 15, 2017 including interim periods within those fiscal years. Early adoption is permitted. The Company does not expect these amendments to have a material effect on its financial statements. In October 2016, the FASB amended the Consolidation topic of the ASC to revise the consolidation guidance on how a reporting entity that is the single decision maker of a variable interest entity (VIE) should treat indirect interests in the entity held through related parties that are under common control with the reporting entity when determining whether it is the primary beneficiary of that VIE. The amendments will be effective for the Company for fiscal years beginning after December 15, 2016 including interim periods within those fiscal years. Early adoption is permitted. The Company does not expect these amendments to have a material effect on its financial statements. In November 2016, the FASB amended the Statement of Cash Flows topic of the ASC to clarify how restricted cash is presented and classified in the statement of cash flows. The amendments will be effective for the Company for fiscal years beginning after December 15, 2017 including interim periods within those fiscal years. Early adoption is permitted. These amendments did not have a material effect on the Company’s financial statements. In December 2016, the FASB issued amendments to clarify the ASC, correct unintended application of guidance, and make minor improvements to the ASC that are not expected to have a significant effect on current accounting practice or create a significant administrative cost to most entities. The amendments were effective upon issuance (December 14, 2016) for amendments that did not have transition guidance. Amendments that are subject to transition guidance will be effective for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2016. Early adoption is permitted. These amendments did not have a material effect on the Company’s financial statements. In December 2016, the FASB issued technical corrections and improvements to the Revenue from Contracts with Customers Topic of the ASC. These corrections make a limited number of revisions to several pieces of the revenue recognition standard issued in 2014. The effective date and transition requirements for the technical corrections will be effective for the Company for reporting periods beginning after December 15, 2017. The Company will apply the guidance using a modified retrospective approach. The Company does not expect these amendments to have a material effect on its financial statements. In January 2017, the FASB issued guidance to clarify the definition of a business with the objective of adding guidance to assist entities with evaluating whether transactions should be accounted for as acquisitions (or disposals) of assets or businesses. The amendment to the Business Combinations Topic is intended to address concerns that the existing definition of a business has been applied too broadly and has resulted in many transactions being recorded as business acquisitions that in substance are more akin to asset acquisitions. The guidance will be effective for the Company for [reporting periods beginning after December 15, 2017. Early adoption is permitted. The Company does not expect these amendments to have a material effect on its financial statements. In January 2017, the FASB updated the Accounting Changes and Error Corrections and the Investments—Equity Method and Joint Ventures Topics of the Accounting Standards Codification. The ASU incorporates into the Accounting Standards Codification recent SEC guidance about disclosing, under SEC SAB Topic 11.M, the effect on financial statements of adopting the revenue, leases, and credit losses standards. The ASU was effective upon issuance. The Company is currently evaluating the impact on additional disclosure requirements as each of the standards is adopted, however it does not expect these amendments to have a material effect on its financial position, results of operations or cash flows. In January 2017, the FASB amended the Goodwill and Other Topic of the Accounting Standards Codification to simplify the accounting for goodwill impairment for public business entities and other entities that have goodwill reported in their financial statements and have not elected the private company alternative for the subsequent measurement of goodwill. The amendment removes Step 2 of the goodwill impairment test. A goodwill impairment will now be the amount by which a reporting unit’s carrying value exceeds its fair value, not to exceed the carrying amount of goodwill. The effective date and transition requirements for the technical corrections will be effective for the Company for reporting periods beginning after December 15, 2019. Early adoption is permitted for interim or annual goodwill impairment tests performed on testing dates after January 1, 2017. The Company does not expect these amendments to have a material effect on its financial statements. In February 2017, the FASB amended the Other Income Topic of the Accounting Standards Codification to clarify the scope of the guidance on nonfinancial asset derecognition as well as the accounting for partial sales of nonfinancial assets. The amendments conform the derecognition guidance on nonfinancial assets with the model for transactions in the new revenue standard. The amendments will be effective for the Company for reporting periods beginning after December 15, 2017. The Company does not expect these amendments to have a material effect on its financial statements. In March 2017, the FASB amended the requirements in the Receivables—Nonrefundable Fees and Other Costs Topic of the Accounting Standards Codification related to the amortization period for certain purchased callable debt securities held at a premium. The amendments shorten the amortization period for the premium to the earliest call date. The amendments will be effective for the Company for interim and annual periods beginning after December 15, 2018. Early adoption is permitted. The Company does not expect these amendments to have a material effect on its financial statements. Other accounting standards that have been issued or proposed by the FASB or other standards-setting bodies are not expected to have a material impact on the Company’s financial position, results of operations or cash flows.

BUSINESS COMBINATION

BUSINESS COMBINATION	3 Months Ended
	Mar. 31, 2017
Business Combinations [Abstract]
BUSINESS COMBINATION	NOTE 2 – BUSINESS COMBINATIONS Acquisition of Greer Bancshares Incorporated On March 18, 2017, the Company completed its acquisition of Greer Bancshares Incorporated (“Greer”), the holding company for Greer State Bank, pursuant to the Agreement and Plan of Merger, dated as of November 7, 2016. Under the terms of the merger agreement, each share of Greer common stock was converted into the right to receive $18.00 in cash or 0.782 shares of the Company’s common stock, or a combination thereof, subject to certain limitations. The following table presents a summary of total consideration paid by the Company at the acquisition date (dollars in thousand). Common stock issued (1,784,831 shares at $30.30 per share) $ 54,080 Cash payments to common stockholders 4,565 Total consideration paid $ 58,645 The assets acquired and liabilities assumed from Greer were recorded at their fair value as of the closing date of the merger. Fair values were preliminary and subject to refinement for up to one year after the closing date of the acquisition as additional information regarding the closing date fair values became available. Goodwill of $33.0 million was initially recorded at the time of the acquisition. The following table summarizes the consideration paid by the Company in the merger with Greer and the amounts of the assets acquired and liabilities assumed recognized at the acquisition date. As Reported Fair Value As Recorded by March 18, 2017 by Greer Adjustments the Company (In thousands) Assets Cash and cash equivalents $ 42,187 — 42,187 Investments 121,374 — 121,374 Loans receivable 205,209 (10,559 ) (a) 194,650 Loans held for sale 105 — 105 Allowance for loan losses (3,198 ) 3,198 (b) — Premises and equipment 3,928 4,202 (c) 8,130 Foreclosed assets 42 — 42 Core deposit intangible — 4,480 (d) 4,480 Deferred tax asset, net 3,831 (1,434 ) (e) 2,397 Other assets 11,367 (241 ) (f) 11,126 Total assets acquired $ 384,845 (354 ) 384,491 Liabilities Deposits $ 310,866 200 (g) 311,066 Long-term debt 43,712 (3,510 ) (h) 40,202 Accrued expenses and other liabilities 7,086 512 (i) 7,598 Total liabilities assumed $ 361,664 (2,798 ) 358,866 Net assets acquired 25,625 Total consideration paid 58,645 Goodwill $ 33,020 Explanation of fair value adjustments: (a) Adjustment reflects the fair value adjustment based on the Company’s third party valuation report. (b) Adjustment reflects the elimination of Greer’s historical allowance for loan losses. (c) Adjustment reflects fair value adjustments on acquired branch and administrative offices based on third party appraisals. (d) Adjustment reflects the fair value adjustment to record the estimated core deposit intangible based on the Company’s third party valuation report. (e) Adjustment reflects the tax impact of acquisition accounting fair value adjustments. (f) Adjustment reflects the fair value adjustment based on the Company’s evaluation of acquired other assets. (g) Adjustments reflects the fair value adjustment based on Company’s third party valuation report. (h) Adjustments reflects the fair value adjustment based on Company’s third party valuation report. (i) Adjustment reflects the fair value adjustment based on the Company’s evaluation of acquired other liabilities. The following table presents additional information related to the purchased credit impaired (“PCI”) acquired loan portfolio at March 18, 2017 (in thousands): Contractual principal and interest at acquisition $ 37,683 Nonaccretable difference 7,248 Expected cash flows at acquisition 30,434 Accretable yield 4,995 Basis in PCI loans at acquisition - estimated fair value $ 25,439 Supplemental Pro Forma Information - Unaudited The table below presents supplemental pro forma information as if the Greer acquisition had occurred at the beginning of the earliest period presented, which was January 1, 2016. Pro forma results include adjustments for amortization and accretion of fair value adjustments and do not include any projected cost savings or other anticipated benefits of the merger. Therefore, the pro forma financial information is not indicative of the results of operations that would have occurred had the transactions been effected on the assumed date. Pre-tax merger-related costs of $1.3 million for the three months ended March 31, 2017, are included in the Company’s consolidated statements of operations and are not included in the pro forma statements below. Net interest income and net income recorded from the merger date to March 31, 2017 was approximately $520,000 and $403,000, respectively. For the Three Months Ended March 31, 2017 2016 (In thousands, except share data) Net interest income $ 17,899 $ 14,287 Net income (a) $ 6,048 $ 4,673 Weighted average shares outstanding: Basic (b) 15,704,542 13,531,405 Diluted (b) 15,924,072 13,763,632 Earnings per common share: Basic $ 0.39 $ 0.35 Diluted $ 0.38 $ 0.34 (a) Supplemental pro forma net income includes the impact of certain fair value adjustments. Supplemental pro forma net income does not include assumptions on cost saves or impact of merger related expenses. (b) Weighted average shares outstanding include the full effect of the common stock issued in connection with the Greer acquisition as of the earliest reporting date. Acquisition of Congaree Bancshares, Inc. On June 11, 2016, the Company completed its acquisition of Congaree Bancshares, Inc. (“Congaree”), the holding company for Congaree State Bank, pursuant to the Agreement and Plan of Merger, dated as of January 5, 2016. Under the terms of the merger agreement, each share of Congaree common stock was converted into the right to receive $8.10 in cash or 0.4806 shares of the Company’s common stock, or a combination thereof, subject to certain limitations. The following table presents a summary of total consideration paid by the Company at the acquisition date (dollars in thousands). Common stock issued (508,910 shares at $16.80 per share) $ 8,557 Cash payments to common stockholders 5,724 Preferred shares assumed and redeemed at par 1,564 Fair value of Congaree stock options assumed - paid out in cash 439 Total consideration paid $ 16,284 The following table presents the Congaree assets acquired and liabilities assumed as of June 11, 2016 as well as the related fair value adjustments and determination of goodwill. There have been no adjustments to initial fair values recorded by the Company for the Congaree acquisition to date. As Reported by Congaree Fair Value Adjustments As Recorded by the Company (In thousands) Assets Cash and cash equivalents $ 11,394 — 11,394 Securities 9,453 (59 ) (a) 9,394 Loans 78,712 (4,111 ) (b) 74,601 Allowance for loan losses (1,112 ) 1,112 (c) — Premises and equipment 2,712 38 (d) 2,750 Foreclosed assets 1,710 (250 ) (e) 1,460 Core deposit intangible — 1,104 (f) 1,104 Deferred tax asset 1,813 915 (g) 2,728 Other assets 942 (152 ) (h) 790 Total assets acquired $ 105,624 (1,403 ) 104,221 Liabilities Deposits $ 89,227 98 (i) 89,325 Borrowings 2,500 — 2,500 Other liabilities 378 — 378 Total liabilities assumed $ 92,105 98 92,203 Net assets acquired 12,018 Total consideration paid 16,284 Goodwill $ 4,266 Explanation of fair value adjustments: (a) Adjustment reflects opening fair value of securities portfolio, which was established as the new book basis of the portfolio. (b) Adjustment reflects the fair value adjustment based on the Company’s third party valuation report. (c) Adjustment reflects the elimination of Congaree’s historical allowance for loan losses. (d) Adjustment reflects fair value adjustments on acquired branch and administrative offices. (e) Adjustment reflects the fair value adjustment based on the Company’s evaluation of the foreclosed assets. (f) Adjustment reflects the fair value adjustment to record the estimated core deposit intangible based on the Company’s third party valuation report. (g) Adjustment reflects the tax impact of acquisition accounting fair value adjustments. (h) Adjustment reflects the fair value adjustment based on the Company’s evaluation of acquired other assets. (i) Adjustment reflects the fair value adjustment based on the Company’s third party evaluation report on deposits assumed.

SECURITIES

SECURITIES	3 Months Ended
	Mar. 31, 2017
Investments, Debt and Equity Securities [Abstract]
SECURITIES	NOTE 3 – SECURITIES The amortized cost, gross unrealized gains, gross unrealized losses and fair value of securities available-for-sale at March 31, 2017 and December 31, 2016 follows: March 31, 2017 December 31, 2016 Gross Gross Gross Gross Amortized Unrealized Unrealized Fair Amortized Unrealized Unrealized Fair Cost Gains Losses Value Cost Gains Losses Value (In thousands) Securities available-for-sale: Municipal securities $ 148,946 2,570 (660 ) 150,856 92,792 1,475 (1,055 ) 93,212 US government agencies 35,406 332 (38 ) 35,700 3,438 — (52 ) 3,386 Collateralized loan obligations 84,212 188 (63 ) 84,337 76,202 138 (91 ) 76,249 Corporate securities 474 15 — 489 474 17 — 491 Mortgage-backed securities: Agency 144,592 1,304 (587 ) 145,309 90,477 995 (486 ) 90,986 Non-agency 68,844 431 (257 ) 69,018 63,628 424 (188 ) 63,864 Total mortgage-backed securities 213,436 1,735 (844 ) 214,327 154,105 1,419 (674 ) 154,850 Trust preferred securities 11,204 872 (3,655 ) 8,421 11,203 545 (4,584 ) 7,164 Total $ 493,678 5,712 (5,260 ) 494,130 338,214 3,594 (6,456 ) 335,352 The Company had no held-to-maturity securities as of March 31, 2017 or December 31, 2016. During the second quarter of 2016, the Company tainted its securities held-to-maturity portfolio as a result of a change in the intent to hold these securities until maturity to provide opportunities to maximize its asset utilization. As a result, the securities were moved to available-for-sale resulting in an increase to accumulated other comprehensive income of $655,000. The amortized cost and fair value of debt securities by contractual maturity at March 31, 2017 follows: At March 31, 2017 Amortized Fair Cost Value (In thousands) Securities available-for-sale: Less than one year $ 302 302 One to five years 3,667 3,684 Six to ten years 88,515 88,805 After ten years 401,194 401,339 Total $ 493,678 494,130 The contractual maturity dates of the securities were used for mortgage-backed securities and asset-backed securities. No estimates were made to anticipate principal repayments. The following table summarizes the gross realized gains and losses from sales of investment securities available-for-sale for the periods indicated. For the Three Months Ended March 31, 2017 2016 (In thousands) Proceeds $ 37,697 34,478 Realized gains $ 373 534 Realized losses (188 ) (117 ) Total investment securities gains, net $ 185 417 At March 31, 2017, the Company had pledged securities with a market value of $14.9 million for Federal Home Loan Bank (“FHLB”) advances. At March 31, 2017, the Company has pledged $77.6 million of securities to secure public agency funds. The tables below summarize gross unrealized losses on investment securities and the fair market value of the related securities at March 31, 2017 and December 31, 2016, aggregated by investment category and length of time that individual securities have been in a continuous unrealized loss position. At March 31, 2017 Less than 12 Months 12 Months or Greater Total Amortized Fair Unrealized Amortized Fair Unrealized Amortized Fair Unrealized Cost Value Losses Cost Value Losses Cost Value Losses (In thousands) Available-for-sale: Municipal securities $ 37,685 37,025 (660 ) — — — 37,685 37,025 (660 ) US government agencies 7,129 7,091 (38 ) — — — 7,129 7,091 (38 ) Collateralized loan obligations 19,500 19,468 (32 ) 8,500 8,469 (31 ) 28,000 27,937 (63 ) Mortgage-backed securities: Agency 62,055 61,586 (469 ) 9,672 9,554 (118 ) 71,727 71,140 (587 ) Non-agency 10,660 10,475 (185 ) 8,214 8,142 (72 ) 18,874 18,617 (257 ) Total mortgage-backed securities 72,715 72,061 (654 ) 17,886 17,696 (190 ) 90,601 89,757 (844 ) Trust preferred securities — — — 10,001 6,346 (3,655 ) 10,001 6,346 (3,655 ) Total $ 137,029 135,645 (1,384 ) 36,387 32,511 (3,876 ) 173,416 168,156 (5,260 ) At December 31, 2016 Less than 12 Months 12 Months or Greater Total Amortized Fair Unrealized Amortized Fair Unrealized Amortized Fair Unrealized Cost Value Losses Cost Value Losses Cost Value Losses (In thousands) Available-for-sale: Municipal securities $ 40,479 39,424 (1,055 ) — — — 40,479 39,424 (1,055 ) US government agencies 3,438 3,386 (52 ) — — — 3,438 3,386 (52 ) Collateralized loan obligations 16,792 16,748 (44 ) 8,500 8,453 (47 ) 25,292 25,201 (91 ) Mortgage-backed securities: Agency 33,323 32,960 (363 ) 10,125 10,002 (123 ) 43,448 42,962 (486 ) Non-agency 9,357 9,240 (117 ) 8,801 8,730 (71 ) 18,158 17,970 (188 ) Total mortgage-backed securities 42,680 42,200 (480 ) 18,926 18,732 (194 ) 61,606 60,932 (674 ) Trust preferred securities 1,362 1,112 (250 ) 8,667 4,333 (4,334 ) 10,029 5,445 (4,584 ) Total $ 104,751 102,870 (1,881 ) 36,093 31,518 (4,575 ) 140,844 134,388 (6,456 ) The Company reviews its investment securities portfolio at least quarterly and more frequently when economic conditions warrant, assessing whether there is any indication of other-than-temporary impairment (“OTTI”). Factors considered in the review include estimated future cash flows, length of time and extent to which market value has been less than cost, the financial condition and near term prospect of the issuer, and our intent and ability to retain the security to allow for an anticipated recovery in market value. If the review determines that there is OTTI, then an impairment loss is recognized in earnings equal to the difference between the investment’s cost and its fair value at the balance sheet date of the reporting period for which the assessment is made, or a portion may be recognized in other comprehensive income. The fair value of investments on which OTTI is recognized then becomes the new cost basis of the investment. As of March 31, 2017, trust preferred securities had an amortized cost of $11.2 million and a fair value of $8.4 million. For each trust preferred security, impairment testing is performed on a quarterly basis using a detailed cash flow analysis. The major assumptions used during the quarterly impairment testing are described in the subsequent paragraph. In 2009, the Company adopted a four year “burst” scenario for its modeled default rates (2010 - 2013) that replicated the default rates for the banking industry from the four peak years of the savings and loan crisis, which then reduced to 0.25% annually. The elevated default rate ended in 2013, and the constant default rate used by the Company is now 0.25% annually. All issuers that are currently in deferral were presumed to be in default. Additionally, all defaults are assumed to have a 15% recovery after two years and 1% of the pool is presumed to prepay annually. If this analysis results in a present value of expected cash flows that is less than the book value of a security (that is, a credit loss exists), OTTI is considered to have occurred. If there is no credit loss, any impairment is considered temporary. The cash flow analysis we performed used discount rates equal to the credit spread at the time of purchase for each security and then added the current three-month LIBOR forward interest rate curve. Based on the cash flow analysis performed at period end, management believes that there are no additional securities other-than-temporarily impaired at March 31, 2017. The underlying issuers in the pools were primarily financial institutions and to a lesser extent, insurance companies and real estate investment trusts. The Company owns both senior and mezzanine tranches in pooled trust preferred securities; however, the Company does not own any income notes. The senior and mezzanine tranches of trust preferred collateralized debt obligations generally have some protection from defaults in the form of over-collateralization and excess spread revenues, along with waterfall structures that redirect cash flows in the event certain coverage test requirements are failed. Generally, senior tranches have the greatest protection, with mezzanine tranches subordinated to the senior tranches, and income notes subordinated to the mezzanine tranches. At March 31, 2017 and December 31, 2016, the Company had 96 and 81, respectively, individual investments available-for-sale that were in an unrealized loss position. The unrealized losses on the Company’s investments in US government-sponsored agencies, municipal securities, mortgage-backed securities (agency and non-agency), and trust preferred securities summarized above were attributable primarily to changes in interest rates. Management has performed various analyses, including cash flows as needed, and determined that no OTTI expense was necessary during 2017 or 2016. Management believes that there are no additional securities other-than-temporarily impaired at March 31, 2017. The Company does not intend to sell these securities and it is more likely than not that the Company will not be required to sell these securities before recovery of their amortized cost. Management continues to monitor these securities with a high degree of scrutiny. There can be no assurance that the Company will not conclude in future periods that conditions existing at that time indicate some or all of the securities may be sold or are other-than-temporarily impaired, which would require a charge to earnings in such periods.

DERIVATIVES

DERIVATIVES	3 Months Ended
	Mar. 31, 2017
Derivative Instruments and Hedging Activities Disclosure [Abstract]
DERIVATIVES	NOTE 4 – DERIVATIVES In the ordinary course of business, the Company enters into various types of derivative transactions. The Company’s primary uses of derivative instruments are related to the mortgage banking activities. As such, the Company holds derivative instruments, which consist of rate lock agreements related to expected funding of fixed-rate mortgage loans to customers (interest rate lock commitments) and forward commitments to sell mortgage-backed securities and individual fixed-rate mortgage loans. The Company’s objective in obtaining the forward commitments is to mitigate the interest rate risk associated with the interest rate lock commitments and the mortgage loans that are held for sale. Derivative instruments not related to mortgage banking activities primarily relate to interest rate swap agreements. The derivative positions of the Company at March 31, 2017 and December 31, 2016 are as follows: At March 31, At December 31, 2017 2016 Fair Notional Fair Notional Value Value Value Value (In thousands) Derivative assets: Cash flow hedges: Interest rate swaps $ 559 45,000 421 30,000 Non-hedging derivatives: Interest rate swaps 552 20,000 532 20,000 Mortgage loan interest rate lock commitments 1,827 136,592 1,113 117,439 Mortgage loan forward sales commitments 288 15,670 153 94,001 Total derivative assets $ 3,226 217,262 2,219 261,440 Derivative liabilities: Non-hedging derivatives: Interest rate swaps $ 234 10,000 195 10,000 Mortgage-backed securities forward sales commitments 448 96,000 147 22,784 Total derivative liabilities $ 682 106,000 342 32,784 Non-Designated Hedges Derivative Loan Commitments and Forward Sales Commitments The Company enters into mortgage loan commitments that are also referred to as derivative loan commitments, if the loan that will result from exercise of the commitment will be held for sale upon funding. The Company enters into commitments to fund residential mortgage loans at specified rates and times in the future, with the intention that these loans will subsequently be sold in the secondary market. Outstanding derivative loan commitments expose the Company to the risk that the price of the loans arising from exercise of the loan commitment might decline from inception of the rate lock to funding of the loan due to increases in mortgage interest rates. If interest rates increase, the value of these loan commitments typically decreases. Conversely, if interest rates decrease, the value of these loan commitments typically increases. To protect against the price risk inherent in derivative loan commitments, the Company utilizes both “mandatory delivery” and “best efforts” forward loan sale commitments to mitigate the risk of potential decreases in the values of loans that would result from the exercise of the derivative loan commitments. With a “mandatory delivery” contract, the Company commits to deliver a certain principal amount of mortgage loans to an investor at a specified price on or before a specified date. If the Company fails to deliver the amount of mortgages necessary to fulfill the commitment by the specified date, it is obligated to pay a “pair-off” fee, based on then-current market prices, to the investor to compensate the investor for the shortfall. With a “best efforts” contract, the Company commits to deliver an individual mortgage loan of a specified principal amount and quality to an investor if the loan to the underlying borrower closes. Generally, the price the investor will pay the seller for an individual loan is specified prior to the loan being funded (e.g., on the same day the lender commits to lend funds to a potential borrower). The Company expects that these forward loan sale commitments will experience changes in fair value opposite to the change in fair value of derivative loan commitments. Derivatives related to these commitments are recorded as either a derivative asset or a derivative liability on the balance sheet and are measured at fair value. Both the interest rate lock commitments and the forward commitments are reported at fair value, with adjustments recorded in current period earnings in “mortgage banking income” within noninterest income in the consolidated statements of operations. Interest Rate Swaps The Company enters into interest rate swaps that do not meet the hedge accounting requirements and are recorded at fair value as a derivative asset or liability. Interest rate swaps that are not designated as hedges are primarily used to more closely match the interest rate characteristics of assets and liabilities and to mitigate the risks arising from timing mismatches between assets and liabilities including duration mismatches. Fair value changes are recognized in noninterest income as “fair value adjustments on interest rate swaps.” Cash Flow Hedges of Interest Rate Risk The Company’s objectives in using certain interest rate derivatives are to add stability to interest expense and to manage its exposure to interest rate movements. To accomplish this objective, the Company uses interest rate swaps as part of its interest rate risk management strategy. Interest rate swaps designated as cash flow hedges involve the receipt of variable amounts from a counterparty in exchange for the Company making fixed-rate payments over the life of the agreements without exchange of the underlying notional amount. The Company has entered into interest rate swaps to reduce the exposure to variability in interest-related cash outflows attributable to changes in forecasted LIBOR-based FHLB borrowings. These derivative instruments are designated as cash flow hedges. The hedged item is the LIBOR portion of the series of future adjustable rate borrowings over the term of the interest rate swap. Accordingly, changes to the amount of interest payment cash flows for the hedged transactions attributable to a change in credit risk are excluded from our assessment of hedge effectiveness. The Company tests for hedging effectiveness on a quarterly basis. The effective portion of changes in the fair value of derivatives designated and that qualify as cash flow hedges is recorded in accumulated other comprehensive income and is subsequently reclassified into earnings in the period that the hedged forecasted transaction affects earnings. The ineffective portion of the change in fair value of the derivatives is recognized directly in earnings. The Company has not recorded any hedge ineffectiveness since inception. Risk Management Objective of Using Derivatives When using derivatives to hedge fair value and cash flow risks, the Company exposes itself to potential credit risk from the counterparty to the hedging instrument. This credit risk is normally a small percentage of the notional amount and fluctuates as interest rates change. The Company analyzes and approves credit risk for all potential derivative counterparties prior to execution of any derivative transaction. The Company seeks to minimize credit risk by dealing with highly rated counterparties and by obtaining collateralization for exposures above certain predetermined limits. If significant counterparty risk is determined, the Company would adjust the fair value of the derivative recorded asset balance to consider such risk.

LOANS RECEIVABLE, NET

LOANS RECEIVABLE, NET	3 Months Ended
	Mar. 31, 2017
Debt Disclosure [Abstract]
LOANS RECEIVABLE, NET	NOTE 5 - LOANS RECEIVABLE, NET We emphasize a range of lending services, including commercial and residential real estate mortgage loans, real estate construction loans, commercial and industrial loans and consumer loans. Our customers are generally individuals and small to medium-sized businesses and professional firms that are located in or conduct a substantial portion of their business in our market areas. We have focused our lending activities primarily on the professional market, including doctors, dentists, small business to medium-sized owners and commercial real estate developers. Certain credit risks are inherent in making loans. These include prepayment risks, risks resulting from uncertainties in the future value of collateral, risks resulting from changes in economic and industry conditions, and risks inherent in dealing with individual borrowers. We attempt to mitigate repayment risks by adhering to internal credit policies and procedures. These policies and procedures include officer and customer lending limits, with approval processes for larger loans, documentation examination, and follow-up procedures for any exceptions to credit policies. Our loan approval policies provide for various levels of officer lending authority. When the amount of aggregate loans to a single borrower exceeds the maximum senior officer’s lending authority, the loan request will be considered by the management loan committee, or MLC, which is comprised of five members, all of whom are part of the senior management team of the Bank. The MLC meets weekly to approve loans with total loan commitments exceeding $1.5 million. The loan authority of the MLC is equal to two-thirds of the legal lending limit of the Bank which is equivalent to the in-house loan limit. Total credit exposure above the in-house limit requires approval by the majority of the board of directors. We do not make any loans to any director, executive officer of the Bank, or the related interests of each, unless the loan is approved by the full Board of Directors of the Bank and is on terms not more favorable than would be available to a person not affiliated with the Bank. The following is a description of the risk characteristics of the material loan portfolio segments: Residential Mortgage Loans and Home Equity Loans Commercial Real Estate Real Estate Construction and Development Loans. Commercial Loans. The Company’s primary markets are generally concentrated in real estate lending. However, in order to diversify our lending portfolio, the Company purchases nationally syndicated commercial and industrial loans. These loans typically have terms of seven years and are generally tied to a floating rate index such as LIBOR or prime. To effectively manage this line of business, the Company has an experienced senior lending executive with relevant experience to manage this area of this segement of the loan portfolio. In addition, the Company engaged a consulting firm that specializes in syndicated loans to assist in monitoring performance analytics. As of March 31, 2017 and December 31, 2016, there were approximately $80.2 million and $91.5 million in syndicated loans outstanding. Syndicated loans are grouped within commercial business loans below. Consumer Loans. Loans receivable, net at March 31, 2017 and December 31, 2016 are summarized by category as follows: At March 31, At December 31, 2017 2016 % of Total % of Total Amount Loans Amount Loans (Dollars in thousands) Loans secured by real estate: One-to-four family $ 472,764 33.36 % $ 411,399 34.91 % Home equity 52,298 3.69 % 36,026 3.06 % Commercial real estate 540,415 38.14 % 445,344 37.80 % Construction and development 150,738 10.64 % 115,682 9.82 % Consumer loans 10,411 0.73 % 5,714 0.48 % Commercial business loans 190,384 13.44 % 164,101 13.93 % Total gross loans receivable 1,417,010 100.00 % 1,178,266 100.00 % Less: Allowance for loan losses 10,715 10,688 Total loans receivable, net $ 1,406,295 $ 1,167,578 Included in the loan totals were $303.2 million and $119.4 million in loans acquired through acquisitions at March 31, 2017 and December 31, 2016, respectively. No allowance for loan losses related to the acquired loans is recorded on the acquisition date because the fair value of the loans acquired incorporates assumptions regarding credit risk. There are two methods to account for acquired loans as part of a business combination. Acquired loans that contain evidence of credit deterioration on the date of purchase are carried at the net present value of expected future proceeds in accordance with ASC 310-30 and are considered purchased credit impaired (“PCI”) loans. All other acquired loans are recorded at their initial fair value, adjusted for subsequent advances, pay downs, amortization or accretion of any premium or discount on purchase, charge-offs and any other adjustment to carrying value in accordance with ASC 310-20. PCI loans are aggregated into pools of loans based on common risk characteristics such as the type of loan, payment status, or collateral type. The Company estimates the amount and timing of expected cash flows for each purchased loan pool and the expected cash flows in excess of the amount paid are recorded as interest income over the remaining life of the pool (accretable yield). The excess of the pool’s contractual principal and interest over expected cash flows is not recorded (nonaccretable difference). Over the life of the loan pool, expected cash flows continue to be estimated. If the present value of expected cash flows is less than the carrying amount, a loss is recorded. If the present value of expected cash flows is greater than the carrying amount, it is recognized as part of future interest income. At March 31, 2017, the outstanding balance and recorded investment of PCI loans was $31.9 million and $25.3 million, respectively. The Company had no PCI loans prior to 2017. The following table presents changes in the value of the accretable yield for PCI loans for three months ended March 31, 2017 (in thousands): For the Three Months Ended March 31, 2017 (In thousands) Accretable yield, beginning of period $ — Additions 4,995 Accretion (102 ) Reclassification from nonaccretable balance, net — Other changes, net — Accretable yield, end of period $ 4,893 The composition of gross loans outstanding, net of undisbursed amounts, by rate type is as follows: At March 31, At December 31, 2017 2016 (Dollars in thousands) Variable rate loans $ 535,935 37.82 % $ 455,589 38.67 % Fixed rate loans 881,075 62.18 % 722,677 61.33 % Total loans outstanding $ 1,417,010 100.00 % $ 1,178,266 100.00 % The following table presents activity in the allowance for loan losses for the period indicated. Allocation of a portion of the allowance to one category of loans does not preclude its availability to absorb losses in other categories. Allowance for loan losses: For the Three Months Ended March 31, 2017 Loans Secured by Real Estate One-to- Commercial Construction four Home real and Commercial family equity estate development Consumer business Unallocated Total (In thousands) Balance, beginning of period $ 2,636 197 3,344 1,132 80 2,805 494 10,688 Provision for loan losses (114 ) 39 244 (190 ) 35 (329 ) 315 — Charge-offs (17 ) — — — (9 ) — — (26 ) Recoveries 1 — 25 1 4 22 — 53 Balance, end of period $ 2,506 236 3,613 943 110 2,498 809 10,715 For the Three Months Ended March 31, 2016 Loans Secured by Real Estate One-to- Commercial Construction four Home real and Commercial family equity estate development Consumer business Unallocated Total (In thousands) Balance, beginning of period $ 2,903 151 3,402 1,138 27 2,100 420 10,141 Provision for loan losses (98 ) 1 (37 ) 90 (2 ) 66 (20 ) — Charge-offs — — — — (2 ) — — (2 ) Recoveries 58 — — 3 6 27 — 94 Balance, end of period $ 2,863 152 3,365 1,231 29 2,193 400 10,233 The following table disaggregates our allowance for loan losses and recorded investment in loans by impairment methodology. Loans Secured by Real Estate One-to- Commercial Construction four Home real and Commercial family equity estate development Consumer business Unallocated Total (In thousands) At March 31, 2017: Allowance for loan losses ending balances: Individually evaluated for impairment $ 43 54 48 — — 23 — 168 Collectively evaluated for impairment 2,463 182 3,565 943 110 2,475 809 10,547 $ 2,506 236 3,613 943 110 2,498 809 10,715 Loans receivable ending balances: Individually evaluated for impairment $ 4,460 1,114 5,055 491 19 247 — 11,386 Collectively evaluated for impairment 461,515 50,884 523,626 145,506 10,336 188,450 — 1,380,317 Purchased Credit-Impaired Loans 6,789 300 11,734 4,741 56 1,687 — 25,307 Total loans receivable $ 472,764 52,298 540,415 150,738 10,411 190,384 — 1,417,010 At December 31, 2016: Allowance for loan losses ending balances: Individually evaluated for impairment $ 27 29 92 — — 9 — 157 Collectively evaluated for impairment 2,609 168 3,252 1,132 80 2,796 494 10,531 $ 2,636 197 3,344 1,132 80 2,805 494 10,688 Loans receivable ending balances: Individually evaluated for impairment $ 4,668 108 5,247 507 24 267 — 10,821 Collectively evaluated for impairment 406,731 35,918 440,097 115,175 5,690 163,834 — 1,167,445 Total loans receivable $ 411,399 36,026 445,344 115,682 5,714 164,101 — 1,178,266 The following table presents impaired loans individually evaluated for impairment in the segmented portfolio categories and the corresponding allowance for loan losses as of March 31, 2017 and December 31, 2016. The recorded investment is defined as the original amount of the loan, net of any deferred costs and fees, less any principal reductions and direct charge-offs. Unpaid principal balance includes amounts previously included in charge-offs. At March 31, 2017 At December 31, 2016 Unpaid Unpaid Recorded Principal Related Recorded Principal Related Investment Balance Allowance Investment Balance Allowance (In thousands) With no related allowance recorded: Loans secured by real estate: One-to-four family $ 3,833 4,073 — 4,125 4,366 — Home equity 839 839 — — — — Commercial real estate 4,041 4,041 — 4,011 4,011 — Construction and development 491 491 — 507 507 — Consumer loans 19 19 — 24 24 — Commercial business loans 36 37 — 258 258 — 9,259 9,500 — 8,925 9,166 — With an allowance recorded: Loans secured by real estate: One-to-four family 627 627 43 543 543 27 Home equity 275 275 54 108 108 29 Commercial real estate 1,014 1,014 48 1,236 1,236 92 Construction and development — — — — — — Consumer loans — — — — — — Commercial business loans 211 211 23 9 9 9 2,127 2,127 168 1,896 1,896 157 Total: Loans secured by real estate: One-to-four family 4,460 4,700 43 4,668 4,909 27 Home equity 1,114 1,114 54 108 108 29 Commercial real estate 5,055 5,055 48 5,247 5,247 92 Construction and development 491 491 — 507 507 — Consumer loans 19 19 — 24 24 — Commercial business loans 247 248 23 267 267 9 $ 11,386 11,627 168 10,821 11,062 157 The following table presents the average recorded investment and interest income recognized on impaired loans individually evaluated for impairment in the segmented portfolio categories for the three months ended March 31, 2017 and 2016. For the Three Months Ended March 31, 2017 2016 Average Interest Average Interest Recorded Income Recorded Income Investment Recognized Investment Recognized (In thousands) With no related allowance recorded: Loans secured by real estate: One-to-four family $ 3,827 36 3,076 11 Home equity 541 3 — — Commercial real estate 4,070 136 10,753 136 Construction and development 491 — 25 — Consumer loans 20 1 65 (4 ) Commercial business loans 38 17 318 4 8,987 193 14,237 147 With an allowance recorded: Loans secured by real estate: One-to-four family 597 3 518 5 Home equity 192 1 — — Commercial real estate 1,019 66 1,671 — Construction and development — — 475 — Consumer loans — — — — Commercial business loans 217 6 198 (1 ) 2,025 76 2,862 4 Total: Loans secured by real estate: One-to-four family 4,424 39 3,594 16 Home equity 733 4 — — Commercial real estate 5,089 202 12,424 136 Construction and development 491 — 500 — Consumer loans 20 1 65 (4 ) Commercial business loans 255 23 516 3 $ 11,012 269 17,099 151 A loan is considered past due if the required principal and interest payment has not been received as of the due date. The following schedule is an aging of past due loans receivable by portfolio segment as of March 31, 2017 and December 31, 2016. At March 31, 2017 Real Estate Loans One-to- Commercial Construction four Home real and Commercial family equity estate development Consumer business Total (In thousands) 30-59 days past due $ 1,526 15 1,536 90 181 11 3,359 60-89 days past due 27 13 — — — — 40 90 days or more past due 3,123 772 135 491 6 623 5,150 Total past due 4,676 800 1,671 581 187 634 8,549 Current 468,088 51,498 538,744 150,157 10,224 189,750 1,408,461 Total loans receivable $ 472,764 52,298 540,415 150,738 10,411 190,384 1,417,010 At December 31, 2016 Real Estate Loans One-to- Commercial Construction four Home real and Commercial family equity estate development Consumer business Total (In thousands) 30-59 days past due $ 3,864 379 206 62 55 136 4,702 60-89 days past due 635 497 — — 3 — 1,135 90 days or more past due 3,170 108 334 507 26 16 4,161 Total past due 7,669 984 540 569 84 152 9,998 Current 403,730 35,042 444,804 115,113 5,630 163,949 1,168,268 Total loans receivable $ 411,399 36,026 445,344 115,682 5,714 164,101 1,178,266 Loans are generally placed in nonaccrual status when the collection of principal and interest is 90 days or more past due, unless the obligation is both well-secured and in the process of collection. When interest accrual is discontinued, all unpaid accrued interest is reversed. Interest payments received while the loan is on nonaccrual are applied to the principal balance. No interest income was recognized on impaired loans subsequent to the nonaccrual status designation. A loan is returned to accrual status when the borrower makes consistent payments according to contractual terms and future payments are reasonably assured. The following is a schedule of loans receivable, by portfolio segment, on nonaccrual at March 31, 2017 and December 31, 2016. At March 31, At December 31, 2017 2016 (In thousands) Loans secured by real estate: One-to-four family $ 3,098 3,256 Home equity 772 108 Commercial real estate 1,546 1,703 Construction and development 491 507 Consumer loans 7 27 Commercial business loans 17 24 $ 5,931 5,625 The Company uses several metrics as credit quality indicators of current or potential risks as part of the ongoing monitoring of credit quality of its loan portfolio. The credit quality indicators are periodically reviewed and updated on a case-by-case basis. The Company uses the following definitions for the internal risk rating grades, listed from the least risk to the highest risk. Pass: Special mention: Substandard: Doubtful: The Company uses the following definitions in the tables below: Nonperforming: Performing: The following is a schedule of the credit quality of loans receivable, by portfolio segment, as of March 31, 2017 and December 31, 2016. At March 31, 2017 Real Estate Loans One-to- Commercial Construction four Home real and Commercial family equity estate development Consumer business Total (In thousands) Internal Risk Rating Grades: Pass $ 466,380 50,881 535,087 147,728 10,384 186,113 1,396,573 Special Mention 1,934 231 2,749 427 20 2,236 7,597 Substandard 4,450 1,186 2,579 2,583 7 2,035 12,840 Total loans receivable $ 472,764 52,298 540,415 150,738 10,411 190,384 1,417,010 Performing $ 469,666 51,526 538,869 150,247 10,404 190,367 1,411,079 Nonperforming: Nonaccrual 3,098 772 1,546 491 7 17 5,931 Total nonperforming 3,098 772 1,546 491 7 17 5,931 Total loans receivable $ 472,764 52,298 540,415 150,738 10,411 190,384 1,417,010 At December 31,2016 Real Estate Loans One-to- Commercial Construction four Home real and Commercial family equity estate development Consumer business Total (In thousands) Internal Risk Rating Grades: Pass $ 407,612 35,903 442,323 114,751 5,683 162,235 1,168,507 Special Mention 438 15 1,318 424 19 1,849 4,063 Substandard 3,349 108 1,703 507 12 17 5,696 Total loans receivable $ 411,399 36,026 445,344 115,682 5,714 164,101 1,178,266 Performing $ 408,143 35,918 443,641 115,175 5,687 164,077 1,172,641 Nonperforming: Nonaccrual 3,256 108 1,703 507 27 24 5,625 Total nonperforming 3,256 108 1,703 507 27 24 5,625 Total loans receivable $ 411,399 36,026 445,344 115,682 5,714 164,101 1,178,266 As of March 31, 2017, the Company had $911,000 in PCI loans that were 90 days or more and still accuring. There were no loans 90 days or more and still accruing at December 31, 2016. The Company is party to financial instruments with off-balance-sheet risk in the normal course of business to meet the financing needs of its customers. These financial instruments include commitments to extend credit. These instruments involve, to varying degrees, elements of credit risk in excess of the amount recognized in the consolidated balance sheets. Troubled Debt Restructurings At March 31, 2017, there were $6.6 million in loans designated as troubled debt restructurings of which $5.5 million were accruing. At December 31, 2016, there were $6.4 million in loans designated as troubled debt restructurings of which $5.2 million were accruing. There was one loan with a premodification and post modification balance of $342,000 identified as a troubled debt restructuring during the three months ended March 31, 2017 due to a payment structure change. There were no loans designated as troubled debt restructuring during the three months ended March 31 2016. No loans previously restructured in the twelve months prior to March 31, 2017 and 2016 went into default during the three months March 31, 2017 and 2016.

REAL ESTATE ACQUIRED THROUGH FO

REAL ESTATE ACQUIRED THROUGH FORECLOSURE	3 Months Ended
	Mar. 31, 2017
Banking and Thrift [Abstract]
REAL ESTATE ACQUIRED THROUGH FORECLOSURE	NOTE 6 – REAL ESTATE ACQUIRED THROUGH FORECLOSURE The following presents summarized activity in real estate acquired through foreclosure for the periods ended March 31, 2017 and December 31, 2016: March 31, December 31, 2017 2016 (In thousands) Balance at beginning of period $ 1,179 2,374 Additions 323 2,630 Sales (23 ) (3,810 ) Write downs — (15 ) Balance at end of period $ 1,479 1,179 A summary of the composition of real estate acquired through foreclosure follows: At March 31, At December 31, 2017 2016 (In thousands) Real estate loans: One-to-four family $ 239 — Construction and development 1,240 1,179 $ 1,479 1,179

DEPOSITS

DEPOSITS	3 Months Ended
	Mar. 31, 2017
Banking and Thrift [Abstract]
DEPOSITS	NOTE 7 - DEPOSITS Deposits outstanding by type of account at March 31, 2017 and December 31, 2016 are summarized as follows: At March 31, At December 31, 2017 2016 (In thousands) Noninterest-bearing demand accounts $ 298,365 229,905 Interest-bearing demand accounts 309,961 191,851 Savings accounts 66,506 48,648 Money market accounts 363,600 292,639 Certificates of deposit: Less than $250,000 524,836 467,937 $250,000 or more 44,452 27,280 Total certificates of deposit 569,288 495,217 Total deposits $ 1,607,720 1,258,260 The aggregate amount of brokered certificates of deposit was $86.2 million and $98.3 million at March 31, 2017 and December 31, 2016, respectively. Brokered certificates of deposit are included in the table above under certificates of deposit less than $250,000. The aggregate amount of institutional certificates of deposit was $49.9 million and $44.3 million at March 31, 2017 and December 31, 2016, respectively.

ESTIMATED FAIR VALUE OF FINANCI

ESTIMATED FAIR VALUE OF FINANCIAL INSTRUMENTS	3 Months Ended
	Mar. 31, 2017
Fair Value Disclosures [Abstract]
ESTIMATED FAIR VALUE OF FINANCIAL INSTRUMENTS	NOTE 8 – ESTIMATED FAIR VALUE OF FINANCIAL INSTRUMENTS Current accounting literature requires disclosures about the fair value of all financial instruments whether or not recognized in the balance sheet, for which it is practicable to estimate the value. In cases where quoted market prices are not available, fair values are based on estimates using present value or other techniques. Those techniques are significantly affected by the assumptions used, including the discount rate and estimates of future cash flows. In that regard, the derived fair value estimates cannot be substantiated by comparison to independent markets and, in many cases, could not be realized through immediate settlement of the instrument. Certain items are specifically excluded from disclosure requirements, including the Company’s stock, premises and equipment, accrued interest receivable and payable and other assets and liabilities. The fair value of a financial instrument is an amount at which the asset or obligation could be exchanged in a current transaction between willing parties, other than in a forced sale. Fair values are estimated at a specific point in time based on relevant market information and information about the financial instruments. Because no market value exists for a significant portion of the financial instruments, fair value estimates are based on judgments regarding future expected loss experience, current economic conditions, risk characteristics of various financial instruments, and other factors. The Company has used management’s best estimate of fair value based on the above assumptions. Thus the fair values presented may not be the amounts that could be realized in an immediate sale or settlement of the instrument. In addition, any income taxes or other expenses that would be incurred in an actual sale or settlement are not taken into consideration in the fair values presented. The Company determines the fair value of its financial instruments based on the fair value hierarchy established under ASC 820-10, which requires an entity to maximize the use of observable inputs and minimize the use of unobservable inputs when measuring fair value. A financial instrument’s categorization within the valuation hierarchy is based upon the lowest level of input that is significant to the financial instrument’s fair value measurement in its entirety. There are three levels of inputs that may be used to measure fair value. The three levels of inputs of the valuation hierarchy are defined below: Level 1 Quoted prices (unadjusted) in active markets for identical assets and liabilities for the instrument or security to be valued. Level 1 assets include marketable equity securities as well as U.S. Treasury securities that are highly liquid and are actively traded in over-the-counter markets. Level 2 Observable inputs other than Level 1 quoted prices, such as quoted prices for similar assets and liabilities in active markets, quoted prices in markets that are not active, or model-based valuation techniques for which all significant assumptions are derived principally from or corroborated by observable market data. Level 2 assets and liabilities include debt securities with quoted prices that are traded less frequently than exchange-traded instruments and derivative contracts whose value is determined by using a pricing model with inputs that are observable in the market or can be derived principally from or corroborated by observable market data. U.S. Government sponsored agency securities, mortgage-backed securities issued by U.S. Government sponsored enterprises and agencies, obligations of states and municipalities, collateralized mortgage obligations issued by U.S. Government sponsored enterprises, and mortgage loans held-for-sale are generally included in this category. Certain private equity investments that invest in publicly traded companies are also considered Level 2 assets. Level 3 Unobservable inputs that are supported by little, if any, market activity for the asset or liability. Level 3 assets and liabilities include financial instruments whose value is determined using pricing models, discounted cash flow models and similar techniques, and may also include the use of market prices of assets or liabilities that are not directly comparable to the subject asset or liability. These methods of valuation may result in a significant portion of the fair value being derived from unobservable assumptions that reflect The Company’s own estimates for assumptions that market participants would use in pricing the asset or liability. This category primarily includes collateral-dependent impaired loans, other real estate, certain equity investments, and certain private equity investments. Cash and due from banks - The carrying amounts of these financial instruments approximate fair value. All mature within 90 days and present no anticipated credit concerns. Interest-bearing cash - The carrying amount of these financial instruments approximates fair value. Securities available-for-sale and securities held to maturity – Fair values for investment securities available-for-sale and securities held to maturity are based upon quoted prices, if available. If quoted prices are not available, fair values are measured using independent pricing models or other model-based valuation techniques such as the present value of future cash flows, adjusted for the security’s credit rating, prepayment assumptions and other factors such as credit loss assumptions. FHLB stock and other non-marketable equity securities - The carrying amount of these financial instruments approximates fair value. Mortgage loans held for sale – Mortgage loans held for sale are recorded at either fair value, if elected, or the lower of cost or fair value on an individual loan basis. Origination fees and costs for loans held for sale recorded at lower of cost or market are capitalized in the basis of the loan and are included in the calculation of realized gains and losses upon sale. Origination fees and costs are recognized in earnings at the time of origination for loans held for sale that are recorded at fair value. Fair value is derived from observable current market prices, when available, and includes loan servicing value. When observable market prices are not available, the Company uses judgment and estimates fair value using internal models, in which the Company uses its best estimates of assumptions it believes would be used by market participants in estimating fair value. Mortgage loans held for sale are classified within Level 2 of the valuation hierarchy. Loans receivable - The fair value of other types of loans is estimated by discounting the future cash flows using the current rates at which similar loans would be made to borrowers with similar credit ratings and for the same remaining maturities. Further adjustments are made to reflect current market conditions. There is no discount for liquidity included in the expected cash flow assumptions. Loans receivable are classified within Level 3 of the valuation hierarchy. Accrued interest receivable - The carrying value approximates the fair value. Mortgage servicing rights - The Company initially measures servicing assets and liabilities retained related to the sale of residential loans held for sale (“mortgage servicing rights”) at fair value, if practicable. For subsequent measurement purposes, the Company measures servicing assets and liabilities based on the lower of cost or market. Deposits - The estimated fair value of demand deposits, savings accounts, and money market accounts is the amount payable on demand at the reporting date. The estimated fair value of fixed maturity certificates of deposits is estimated by discounting the future cash flows using rates currently offered for deposits of similar remaining maturities. Short-term borrowed funds - The carrying amounts of federal funds purchased, borrowings under repurchase agreements, and other short-term borrowings maturing within 90 days approximate their fair values. Estimated fair values of other short-term borrowings are estimated using discounted cash flow analyses based on the Company’s current incremental borrowing rates for similar types of borrowing arrangements. Long-term debt - The estimated fair values of the Company’s long-term debt are estimated using discounted cash flow analyses based on the Company’s current incremental borrowing rates for similar types of borrowing arrangements. Other Investments – The carrying value approximates the fair value. Derivative assets and liabilities – The primary use of derivative instruments are related to the mortgage banking activities of the Company. The Company’s wholesale mortgage banking subsidiary enters into interest rate lock commitments related to expected funding of residential mortgage loans at specified times in the future. Interest rate lock commitments that relate to the origination of mortgage loans that will be held-for-sale are considered derivative instruments under applicable accounting guidance. As such, The Company records its interest rate lock commitments and forward loan sales commitments at fair value, determined as the amount that would be required to settle each of these derivative financial instruments at the balance sheet date. In the normal course of business, the mortgage subsidiary enters into contractual interest rate lock commitments to extend credit, if approved, at a fixed interest rate and with fixed expiration dates. The commitments become effective when the borrowers “lock-in” a specified interest rate within the time frames established by the mortgage banking subsidiary. Market risk arises if interest rates move adversely between the time of the interest rate lock by the borrower and the sale date of the loan to an investor. To mitigate the effect of the interest rate risk inherent in providing interest rate lock commitments to borrowers, the mortgage banking subsidiary enters into best efforts forward sales contracts with third party investors. The forward sales contracts lock in a price for the sale of loans similar to the specific interest rate lock commitments. Both the interest rate lock commitments to the borrowers and the forward sales contracts to the investors that extend through to the date the loan may close are derivatives, and accordingly, are marked to fair value through earnings. In estimating the fair value of an interest rate lock commitment, the Company assigns a probability to the interest rate lock commitment based on an expectation that it will be exercised and the loan will be funded. The fair value of the interest rate lock commitment is derived from the fair value of related mortgage loans, which is based on observable market data and includes the expected net future cash flows related to servicing of the loans. The fair value of the interest rate lock commitment is also derived from inputs that include guarantee fees negotiated with the agencies and private investors, buy-up and buy-down values provided by the agencies and private investors, and interest rate spreads for the difference between retail and wholesale mortgage rates. Management also applies fall-out ratio assumptions for those interest rate lock commitments for which we do not close a mortgage loan. The fall-out ratio assumptions are based on the mortgage subsidiary’s historical experience, conversion ratios for similar loan commitments, and market conditions. While fall-out tendencies are not exact predictions of which loans will or will not close, historical performance review of loan-level data provides the basis for determining the appropriate hedge ratios. In addition, on a periodic basis, the mortgage banking subsidiary performs analysis of actual rate lock fall-out experience to determine the sensitivity of the mortgage pipeline to interest rate changes from the date of the commitment through loan origination, and then period end, using applicable published mortgage-backed investment security prices. The expected fall-out ratios (or conversely the “pull-through” percentages) are applied to the determined fair value of the unclosed mortgage pipeline in accordance with GAAP. Changes to the fair value of interest rate lock commitments are recognized based on interest rate changes, changes in the probability that the commitment will be exercised, and the passage of time. The fair value of the forward sales contracts to investors considers the market price movement of the same type of security between the trade date and the balance sheet date. These instruments are defined as Level 2 within the valuation hierarchy. Derivative instruments not related to mortgage banking activities interest rate swap agreements. Fair values for these instruments are based on quoted market prices, when available. As such, the fair value adjustments for derivatives with fair values based on quoted market prices are recurring Level 1. Commitments to extend credit – The carrying amounts of these commitments are considered to be a reasonable estimate of fair value because the commitments underlying interest rates are based upon current market rates. Accrued interest payable - The fair value approximates the carrying value. Off-balance sheet financial instruments – Contract values and fair values for off-balance sheet, credit-related financial instruments are based on estimated fees currently charged to enter into similar agreements, taking into account the remaining terms of the agreements and counterparties’ credit standing. The carrying amount and estimated fair value of the Company’s financial instruments at March 31, 2017 and December 31, 2016 are as follows: At March 31, 2017 Carrying Fair Value Amount Total Level 1 Level 2 Level 3 (In thousands) Financial assets: Cash and due from banks $ 21,456 21,456 21,456 — — Interest-bearing cash 36,582 36,582 36,582 — — Federal funds sold 10,560 — 10,560 — — Securities available-for-sale 494,130 494,130 — 494,130 — Federal Home Loan Bank stock 12,478 12,478 — — 12,478 Other investments 2,116 2,116 — — 2,116 Derivative assets 3,226 3,226 1,111 2,115 — Loans held for sale 21,399 21,399 — 21,399 — Loans receivable, net 1,406,295 1,407,232 — — 1,407,232 Accrued interest receivable 6,726 6,726 — 6,726 — Mortgage servicing rights 15,792 21,933 — — 21,933 Financial liabilities: Deposits 1,607,720 1,605,218 — 1,605,218 — Short-term borrowed funds 214,500 213,865 — 213,865 — Long-term debt 55,304 55,272 — 55,272 — Derivative liabilities 682 682 234 448 — Accrued interest payable 690 690 — 690 — At December 31, 2016 Carrying Fair Value Amount Total Level 1 Level 2 Level 3 (In thousands) Financial assets: Cash and due from banks $ 9,761 9,761 9,761 — — Interest-bearing cash 14,591 14,591 14,591 — — Securities available-for-sale 335,352 335,352 — 335,352 — Federal Home Loan Bank stock 11,072 11,072 — — 11,072 Other investments 1,768 1,768 — — 1,768 Derivative assets 2,219 2,219 953 1,266 — Loans held for sale 31,569 31,569 — 31,569 — Loans receivable, net 1,167,578 1,173,118 — — 1,173,118 Accrued interest receivable 5,373 5,373 — 5,373 — Mortgage servicing rights 15,032 20,961 — — 20,961 Financial liabilities: Deposits 1,258,260 1,256,119 — 1,256,119 — Short-term borrowed funds 203,000 202,455 — 202,455 — Long-term debt 38,465 38,442 — 38,442 — Derivative liabilities 342 342 195 147 — Accrued interest payable 327 327 — 327 — At March 31, 2017 At December 31, 2016 Notional Estimated Notional Estimated Amount Fair Value Amount Fair Value (In thousands) Off-Balance Sheet Financial Instruments: Commitments to extend credit $ 141,082 — 111,446 — Standby letters of credit 3,521 — 2,248 — In determining appropriate levels, the Company performs a detailed analysis of the assets and liabilities that are subject to fair value disclosures. At each reporting period, all assets and liabilities for which the fair value measurement is based on significant unobservable inputs are classified as Level 3. Following is a description of valuation methodologies used for assets recorded at fair value on a recurring and non-recurring basis. Securities Available-for-Sale Measurement is on a recurring basis upon quoted market prices, if available. If quoted market prices are not available, fair values are measured using independent pricing models or other model-based valuation techniques such as the present value of future cash flows, adjusted for prepayment assumptions, projected credit losses, and liquidity. At March 31, 2017 and December 31, 2016, the Company’s investment securities available-for-sale are recurring Level 2 except for trust preferred securities which are determined to be Level 3. Mortgage Loans Held for Sale Mortgage loans held for sale are recorded at either fair value, if elected, or the lower of cost or fair value on an individual loan basis. Origination fees and costs for loans held for sale recorded at lower of cost or market are capitalized in the basis of the loan and are included in the calculation of realized gains and losses upon sale. Origination fees and costs are recognized in earnings at the time of origination for loans held for sale that are recorded at fair value. Fair value is derived from observable current market prices, when available, and includes loan servicing value. When observable market prices are not available, the Company uses judgment and estimates fair value using internal models, in which the Company uses its best estimates of assumptions it believes would be used by market participants in estimating fair value. Mortgage loans held for sale are classified within Level 2 of the valuation hierarchy. Derivative Assets and Liabilities The primary use of derivative instruments is related to the mortgage banking activities of the Company. The Company’s wholesale mortgage banking subsidiary enters into interest rate lock commitments related to expected funding of residential mortgage loans at specified times in the future. Interest rate lock commitments that relate to the origination of mortgage loans that will be held-for-sale are considered derivative instruments under applicable accounting guidance. As such, The Company records its interest rate lock commitments and forward loan sales commitments at fair value, determined as the amount that would be required to settle each of these derivative financial instruments at the balance sheet date. In the normal course of business, the mortgage subsidiary enters into contractual interest rate lock commitments to extend credit, if approved, at a fixed interest rate and with fixed expiration dates. The commitments become effective when the borrowers “lock-in” a specified interest rate within the time frames established by the mortgage banking subsidiary. Market risk arises if interest rates move adversely between the time of the interest rate lock by the borrower and the sale date of the loan to an investor. To mitigate the effect of the interest rate risk inherent in providing interest rate lock commitments to borrowers, the mortgage banking subsidiary enters into best efforts forward sales contracts with third party investors. The forward sales contracts lock in a price for the sale of loans similar to the specific interest rate lock commitments. Both the interest rate lock commitments to the borrowers and the forward sales contracts to the investors that extend through to the date the loan may close are derivatives, and accordingly, are marked to fair value through earnings. In estimating the fair value of an interest rate lock commitment, the Company assigns a probability to the interest rate lock commitment based on an expectation that it will be exercised and the loan will be funded. The fair value of the interest rate lock commitment is derived from the fair value of related mortgage loans, which is based on observable market data and includes the expected net future cash flows related to servicing of the loans. The fair value of the interest rate lock commitment is also derived from inputs that include guarantee fees negotiated with the agencies and private investors, buy-up and buy-down values provided by the agencies and private investors, and interest rate spreads for the difference between retail and wholesale mortgage rates. Management also applies fall-out ratio assumptions for those interest rate lock commitments for which we do not close a mortgage loan. The fall-out ratio assumptions are based on the mortgage subsidiary’s historical experience, conversion ratios for similar loan commitments, and market conditions. While fall-out tendencies are not exact predictions of which loans will or will not close, historical performance review of loan-level data provides the basis for determining the appropriate hedge ratios. In addition, on a periodic basis, the mortgage banking subsidiary performs analysis of actual rate lock fall-out experience to determine the sensitivity of the mortgage pipeline to interest rate changes from the date of the commitment through loan origination, and then period end, using applicable published mortgage-backed investment security prices. The expected fall-out ratios (or conversely the “pull-through” percentages) are applied to the determined fair value of the unclosed mortgage pipeline in accordance with GAAP. Changes to the fair value of interest rate lock commitments are recognized based on interest rate changes, changes in the probability that the commitment will be exercised, and the passage of time. The fair value of the forward sales contracts to investors considers the market price movement of the same type of security between the trade date and the balance sheet date. These instruments are defined as Level 2 within the valuation hierarchy. Derivative instruments not related to mortgage banking activities include interest rate swap agreements. Fair values for these instruments are based on quoted market prices, when available. As such, the fair value adjustments for derivatives with fair values based on quoted market prices in an active market are recurring Level 1. Impaired Loans Loans that are considered impaired are recorded at fair value on a nonrecurring basis. Once a loan is considered impaired, the fair value is measured using one of several methods, including collateral liquidation value, market value of similar debt and discounted cash flows. Those impaired loans not requiring a specific charge against the allowance represent loans for which the fair value of the expected repayments or collateral meet or exceed the recorded investment in the loan. Loans which are deemed to be impaired are primarily valued on a nonrecurring basis at the fair value of the underlying real estate collateral. Such fair values are obtained using independent appraisals, which the Company considers to be Level 3 inputs. Other Real Estate Owned (“OREO”) OREO is carried at the lower of carrying value or fair value on a nonrecurring basis. Fair value is based upon independent appraisals or management’s estimation of the collateral and is considered a Level 3 measurement. When the OREO value is based upon a current appraisal or when a current appraisal is not available or there is estimated further impairment, the measurement is considered a Level 3 measurement. Mortgage Servicing Rights A mortgage servicing right asset represents the amount by which the present value of the estimated future net cash flows to be received from servicing loans are expected to more than adequately compensate the Company for performing the servicing. The Company initially measures servicing assets and liabilities retained related to the sale of residential loans held for sale (“mortgage servicing rights”) at fair value, if practicable. For subsequent measurement purposes, the Company measures servicing assets and liabilities based on the lower of cost or market on a quarterly basis. The quarterly determination of fair value of servicing rights is provided by a third party and is estimated using a present value cash flow model. The most important assumptions used in the valuation model are the anticipated rate of the loan prepayments and discount rates. Although some assumptions in determining fair value are based on standards used by market participants, some are based on unobservable inputs and therefore are classified in Level 3 of the valuation hierarchy. Assets and liabilities measured at fair value on a recurring basis are as follows as of March 31, 2017 and December 31, 2016: Quoted market price Significant other Significant other in active markets observable inputs unobservable inputs (Level 1) (Level 2) (Level 3) (In thousands) March 31, 2017 Available-for-sale investment securities: Municipal securities $ — 150,856 — US government agencies — 35,700 — Collateralized loan obligations — 84,337 — Corporate securities — 489 — Mortgage-backed securities: Agency — 145,309 — Non-agency — 69,018 — Trust Preferred Securities — 8,421 — Loans held for sale — 21,399 — Derivative assets: Cash flow hedges: Interest rate swaps 559 — — Non-hedging derivatives: Interest rate swaps 552 — — Mortgage loan interest rate lock commitments — 1,827 — Mortgage loan forward sales commitments — 288 — Derivative liabilities: Non-hedging derivatives: Interest rate swaps 234 — — Mortgage-backed securities forward sales commitments — 448 — Total $ 1,345 515,092 — December 31, 2016 Available-for-sale investment securities: Municipal securities $ — 93,212 — US government agencies — 3,386 — Collateralized loan obligations — 76,249 — Corporate securities — 491 — Mortgage-backed securities: Agency — 90,986 — Non-agency — 63,864 — Trust preferred securities — 7,164 — Loans held for sale — 31,569 — Derivative assets: Cash flow hedges: Interest rate swaps 421 — — Non-hedging derivatives: Interest rate swaps 532 — — Mortgage loan interest rate lock commitments — 1,113 — Mortgage loan forward sales commitments — 153 — Derivative liabilities: Non-hedging derivatives: Interest rate swaps 195 — — Mortgage-backed securities forward sales commitments — 147 — Total $ 1,148 368,334 — Assets measured at fair value on a nonrecurring basis are as follows as of March 31, 2017 and December 31, 2016: Quoted Significant Significant in active observable unobservable (Level 1) (Level 2) (Level 3) (In thousands) March 31, 2017 Impaired loans: Loans secured by real estate: One-to-four family $ — — 4,417 Home equity — — 1,060 Commercial real estate — — 5,007 Construction and development — — 491 Consumer loans — — 19 Commercial business loans — — 224 Real estate owned: One-to-four family — — 239 Construction and development — — 1,240 Mortgage servicing rights — — 21,933 Total $ — — 34,630 December 31, 2016 Impaired loans: Loans secured by real estate: One-to-four family $ — — 4,641 Home equity — — 79 Commercial real estate — — 5,155 Construction and development — — 507 Consumer loans — — 24 Commercial business loans — — 258 Real estate owned: One-to-four family — — — Commercial real estate — — — Construction and development — — 1,179 Mortgage servicing rights — — 20,961 Total $ — — 32,804 For Level 3 assets and liabilities measured at fair value on a nonrecurring basis as of March 31, 2017 and December 31, 2016, the significant unobservable inputs used in the fair value measurements were as follows: March 31, 2017 and December 31, 2016 Significant Significant Unobservable Valuation Technique Observable Inputs Inputs Impaired Loans Appraisal Value Appraisals and or sales of Appraisals discounted 10% to 20% for comparable properties sales commissions and other holding costs Real estate owned Appraisal Value/ Appraisals and or sales of Appraisals discounted 10% to 20% for Comparison Sales/ comparable properties sales commissions and other holding costs Other estimates Mortgage Servicing Rights Discounted cash flows Comparable sales Discount rates 12% - 13% - 2017 and 2016 Prepayment rate 7% - 8% - 2017 and 2016

EARNINGS PER SHARE

EARNINGS PER SHARE	3 Months Ended
	Mar. 31, 2017
Earnings per common share:
EARNINGS PER SHARE	NOTE 9 - EARNINGS PER SHARE Basic earnings per share (“EPS”) represents income available to common stockholders divided by the weighted-average number of shares outstanding during the period. Diluted earnings per share reflects additional shares that would have been outstanding if dilutive potential shares had been issued. Potential shares that may be issued by the Company relate solely to outstanding stock options, restricted stock (non-vested shares), restricted stock units (“RSUs”) and warrants, and are determined using the treasury stock method. Under the treasury stock method, the number of incremental shares is determined by assuming the issuance of stock for the outstanding stock options, unvested restricted stock and RSUs, and warrants, reduced by the number of shares assumed to be repurchased from the issuance proceeds, using the average market price for the period of the Company’s stock. The following is a summary of the reconciliation of weighted average shares outstanding for the three months ended March 31, 2017 and 2016: For the Three Months Ended March 31, 2017 2016 Basic Diluted Basic Diluted Weighted average shares outstanding 13,919,711 13,919,711 11,746,574 11,746,574 Effect of dilutive securities — 219,530 — 232,227 Weighted average shares outstanding 13,919,711 14,139,241 11,746,574 11,978,801 The following is a summary of the reconciliation of shares issued and outstanding and unvested restricted stock awards as of March 31, 2017 and 2016 used to calculate book value per share: As of March 31, 2017 2016 Issued and outstanding shares 16,185,408 12,051,615 Less nonvested restricted stock awards (227,439 ) (302,028 ) Period end dilutive shares 15,957,969 11,749,587

SUPPLEMENTAL SEGMENT INFORMATIO

SUPPLEMENTAL SEGMENT INFORMATION	3 Months Ended
	Mar. 31, 2017
Segment Reporting [Abstract]
SUPPLEMENTAL SEGMENT INFORMATION	NOTE 10 – SUPPLEMENTAL SEGMENT INFORMATION The Company has three reportable segments: community banking, wholesale mortgage banking (“mortgage banking”) and other. The community banking segment includes traditional banking services offered through CresCom Bank as well as the managerial and operational support provided by Carolina Services. The mortgage banking segment provides wholesale mortgage loan origination and servicing offered through Crescent Mortgage Company. The other segment includes parent company financial information and represents an overhead function rather than an operating segment. The parent company’s most significant assets are its net investments in its subsidiaries. The accounting policies of the segments are the same as those described in the summary of significant accounting policies. The Company evaluates performance based on net income. The Company accounts for intersegment revenues and expenses as if the revenue/expense transactions were generated to third parties, that is, at current market prices. The Company’s reportable segments are strategic business units that offer different products and services. They are managed separately because each segment has different types and levels of credit and interest rate risk. The following tables present selected financial information for the Company’s reportable business segments for the three months ended March 31, 2017 and 2016: Community Mortgage For the Three Months Ended March 31, 2017 Banking Banking Other Eliminations Total (In thousands) Interest income $ 17,257 395 6 12 17,670 Interest expense 2,218 12 182 (12 ) 2,400 Net interest income (expense) 15,039 383 (176 ) 24 15,270 Provision for loan losses — — — — — Noninterest income from external customers 2,419 4,812 — — 7,231 Intersegment noninterest income 242 34 — (276 ) — Noninterest expense 11,324 4,053 209 — 15,586 Intersegment noninterest expense — 240 2 (242 ) — Income (loss) before income taxes 6,376 936 (387 ) (10 ) 6,915 Income tax expense (benefit) 1,867 291 (143 ) (4 ) 2,011 Net income (loss) $ 4,509 645 (244 ) (6 ) 4,904 Community Mortgage For the Three Months Ended March 31, 2016 Banking Banking Other Eliminations Total (In thousands) Interest income $ 12,944 369 5 42 13,360 Interest expense 1,939 5 148 (5 ) 2,087 Net interest income (expense) 11,005 364 (143 ) 47 11,273 Provision for loan losses — — — — — Noninterest income from external customers 2,133 4,143 — — 6,276 Intersegment noninterest income 243 19 — (262 ) — Noninterest expense 8,429 3,680 159 — 12,268 Intersegment noninterest expense — 241 2 (243 ) — Income (loss) before income taxes 4,952 605 (304 ) 28 5,281 Income tax expense (benefit) 1,539 204 (116 ) 11 1,638 Net income (loss) $ 3,413 401 (188 ) 17 3,643 The following tables present selected financial information for the Company’s reportable business segments for March 31, 2017 and December 31, 2016: Community Mortgage At March 31, 2017 Banking Banking Other Eliminations Total (In thousands) Assets $ 2,178,608 70,688 298,319 (365,506 ) 2,182,109 Loans receivable, net 1,383,117 27,757 — (4,579 ) 1,406,295 Loans held for sale 1,302 20,097 — — 21,399 Deposits 1,620,575 — — (12,855 ) 1,607,720 Borrowed funds 246,500 4,000 23,304 (4,000 ) 269,804 Community Mortgage At December 31, 2016 Banking Banking Other Eliminations Total (In thousands) Assets $ 1,678,541 78,315 179,681 (252,801 ) 1,683,736 Loans receivable, net 1,151,704 27,433 — (11,559 ) 1,167,578 Loans held for sale 2,159 29,410 — — 31,569 Deposits 1,263,030 — — (4,770 ) 1,258,260 Borrowed funds 226,000 10,990 15,465 (10,990 ) 241,465

SUMMARY OF SIGNIFICANT ACCOUN18

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	3 Months Ended
	Mar. 31, 2017
Accounting Policies [Abstract]
Organization	Organization Carolina Financial Corporation (“Carolina Financial” or the “Company”), incorporated under the laws of the State of Delaware, is a bank holding company with one wholly-owned subsidiary, CresCom Bank (the “Bank”). CresCom Bank operates two wholly-owned subsidiaries, Crescent Mortgage Company and Carolina Services Corporation of Charleston (“Carolina Services”). The consolidated financial statements include the accounts of the Company and its wholly-owned subsidiary, the Bank. In consolidation, all material intercompany accounts and transactions have been eliminated. The results of operations of the businesses acquired in transactions accounted for as purchases are included only from the dates of acquisition. All majority-owned subsidiaries are consolidated unless control is temporary or does not rest with the Company. At March 31, 2017, statutory business trusts (“Trusts”) created or acquried by the Company had outstanding trust preferred securities with a balance of $23.3 million. The principal assets of the Trusts are the Company’s subordinated debentures with identical rates of interest and maturities as the trust preferred securities. The Trusts have issued $806,000 of common securities to the Company and are included in other investments in the accompanying consolidated balance sheets. The Trusts are not consolidated subsidiaries of the Company.
Basis of Presentation	Basis of Presentation The accompanying consolidated financial statements have been prepared in accordance with generally accepted accounting principles (“GAAP”) for interim financial information and with the instructions to Form 10-Q and Article 10 of Regulation S-X. Accordingly, they do not include all the information and notes required by accounting principles generally accepted in the United States of America for complete financial statements. In the opinion of management, all adjustments (consisting of normal recurring accruals) considered necessary for a fair presentation have been included. Operating results for the three months ended March 31, 2017 are not necessarily indicative of the results that may be expected for the year ending December 31, 2017. For further information, refer to the consolidated financial statements and notes thereto included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2016 as filed with the Securities and Exchange Commission on March 10, 2017. There have been no significant changes to the accounting policies as disclosed in the Company’s Form 10-K.
Management's Estimates	Management’s Estimates The financial statements are prepared in accordance with GAAP, which require management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities as of the date of the financial statements and the reported amounts of revenues and expenses during the reporting periods. Actual results could differ from those estimates. Material estimates that are particularly susceptible to significant change in the near term relate to the determination of the allowance for loan losses, including valuation for impaired loans, the valuation of real estate acquired in connection with foreclosure or in satisfaction of loans, the valuation of securities, the valuation of derivative instruments, the valuation of assets acquired and liabilities assumed in business combinations, the valuation of mortgage servicing rights, the determination of the reserve for mortgage loan repurchase losses, asserted and unasserted legal claims and deferred tax assets or liabilities. In connection with the determination of the allowance for loan losses and foreclosed real estate, management obtains independent appraisals for significant properties. Management must also make estimates in determining the estimated useful lives and methods for depreciating premises and equipment. Management uses available information to recognize losses on loans and foreclosed real estate. However, future additions to the allowance may be necessary based on changes in local economic conditions. In addition, regulatory agencies, as an integral part of their examination process, periodically review the Bank’s allowance for loan losses and foreclosed real estate. Such agencies may require the Bank to recognize additions to the allowance based on their judgments about information
Earnings Per Share	Earnings Per Share Basic earnings per share (“EPS”) represents income available to common stockholders divided by the weighted-average number of shares outstanding during the period. Diluted earnings per share reflects additional shares that would have been outstanding if dilutive potential shares had been issued. Potential shares that may be issued by the Company relate solely to outstanding stock options, restricted stock (non-vested shares), restricted stock units (“RSUs”) and warrants, and are determined using the treasury stock method. Under the treasury stock method, the number of incremental shares is determined by assuming the issuance of stock for the outstanding stock options, unvested restricted stock and RSUs, and warrants, reduced by the number of shares assumed to be repurchased from the issuance proceeds, using the average market price for the period of the Company’s stock.
Subsequent Events	Subsequent Events Subsequent events are material events or transactions that occur after the balance sheet date but before financial statements are issued. Recognized subsequent events are events or transactions that provide additional evidence about conditions that existed at the date of the balance sheet, including the estimates inherent in the process of preparing financial statements. Non-recognized subsequent events are events that provide evidence about conditions that did not exist at the date of the statement of financial condition but arose after that date. Management has reviewed events occurring through the date the financial statements were issued and no subsequent events occurred requiring accrual or disclosure except as follows: The Company’s Board of Directors declared a quarterly cash dividend of $0.04 per share payable on its common stock. The cash dividend will be payable on July 6, 2017 to stockholders of record as of June 15, 2017.
Reclassification	Reclassification Certain reclassifications of accounts reported for previous periods have been made in these consolidated financial statements. Such reclassifications had no effect on stockholders’ equity or the net income as previously reported.
Recently Issued Accounting Pronouncements	Recently Issued Accounting Pronouncements In May 2014 and August 2015, the Financial Accounting Standards Board (“FASB”) issued guidance to change the recognition of revenue from contracts with customers. The core principle of the new guidance is that an entity should recognize revenue to reflect the transfer of goods and services to customers in an amount equal to the consideration the entity receives or expects to receive. The guidance will be effective for the Company for reporting periods beginning after December 15, 2017. The Company will apply the guidance using a modified retrospective approach. The Company does not expect these amendments to have a material effect on its financial statements. In August 2015, the FASB issued amendments to the Interest topic of the Accounting Standards Codification (“ASC”) to clarify the SEC staff’s position on presenting and measuring debt issuance costs incurred in connection with line-of-credit arrangements. The amendments were effective upon issuance. The amendments did not have a material effect on the financial statements In January 2016, the FASB amended the Financial Instruments topic of the ASC to address certain aspects of recognition, measurement, presentation, and disclosure of financial instruments. The amendments will be effective for fiscal years beginning after December 15, 2017, including interim periods within those fiscal years. The Company will apply the guidance by means of a cumulative-effect adjustment to the balance sheet as of the beginning of the fiscal year of adoption. The amendments related to equity securities without readily determinable fair values will be applied prospectively to equity investments that exist as of the date of adoption of the amendments. The Company does not expect these amendments to have a material effect on its financial statements. In February 2016, the FASB amended the Leases topic of the ASC to revise certain aspects of recognition, measurement, presentation, and disclosure of leasing transactions. The amendments will be effective for fiscal years beginning after December 15, 2018, including interim periods within those fiscal years. The Company is currently evaluating the effect that implementation of the new standard will have on its financial position, results of operations, and cash flows. In March 2016, the FASB amended the Revenue from Contracts with Customers topic of the ASC to clarify the implementation guidance on principal versus agent considerations and address how an entity should assess whether it is the principal or the agent in contracts that include three or more parties. The amendments will be effective for the Company for reporting periods beginning after December 15, 2017. The Company does not expect these amendments to have a material effect on its financial statements. In March 2016, the FASB issued guidance to simplify several aspects of the accounting for share-based payment award transactions including the income tax consequences, the classification of awards as either equity or liabilities, and the classification on the statement of cash flows become effective as of January 1, 2017. In addition to other changes, the guidance changes the accounting for excess tax benefits and tax deficiencies from generally being recognized in additional paid-in capital to recognition as income tax expense or benefit in the period they occur. For public business entities, the amendments are effective for annual periods beginning after December 15, 2016, and interim periods within those annual periods. The Company adopted the new guidance in the second quarter of 2016. These amendments did not have a material impact to the Company’s financial position, results of operations, and cash flows. In April 2016, the FASB amended the Revenue from Contracts with Customers topic of the ASC to clarify guidance related to identifying performance obligations and accounting for licenses of intellectual property. The amendments will be effective for the Company for reporting periods beginning after December 15, 2017. The Company does not expect these amendments to have a material effect on its financial statements. In May 2016, the FASB amended the Revenue from Contracts with Customers topic of the ASC to clarify guidance related to collectability, noncash consideration, presentation of sales tax, and transition. The amendments will be effective for the Company for reporting periods beginning after December 15, 2017. The Company does not expect these amendments to have a material effect on its financial statements. In June 2016, the FASB issued guidance to change the accounting for credit losses and modify the impairment model for certain debt securities. The amendments will be effective for the Company for reporting periods beginning after December 15, 2019. The Company is evaluating the effect that implementation of the new standard will have on its financial position, results of operation and cash flows. In August 2016, the FASB amended the Statement of Cash Flows topic of the ASC to clarify how certain cash receipts and cash payments are presented and classified in the statement of cash flows. The amendments will be effective for the Company for fiscal years beginning after December 15, 2017 including interim periods within those fiscal years. The Company does not expect these amendments to have a material effect on its financial statements. In October 2016, the FASB amended the Income Taxes topic of the ASC to modify the accounting for intra-entity transfers of assets other than inventory. The amendments will be effective for the Company for fiscal years beginning after December 15, 2017 including interim periods within those fiscal years. Early adoption is permitted. The Company does not expect these amendments to have a material effect on its financial statements. In October 2016, the FASB amended the Consolidation topic of the ASC to revise the consolidation guidance on how a reporting entity that is the single decision maker of a variable interest entity (VIE) should treat indirect interests in the entity held through related parties that are under common control with the reporting entity when determining whether it is the primary beneficiary of that VIE. The amendments will be effective for the Company for fiscal years beginning after December 15, 2016 including interim periods within those fiscal years. Early adoption is permitted. The Company does not expect these amendments to have a material effect on its financial statements. In November 2016, the FASB amended the Statement of Cash Flows topic of the ASC to clarify how restricted cash is presented and classified in the statement of cash flows. The amendments will be effective for the Company for fiscal years beginning after December 15, 2017 including interim periods within those fiscal years. Early adoption is permitted. These amendments did not have a material effect on the Company’s financial statements. In December 2016, the FASB issued amendments to clarify the ASC, correct unintended application of guidance, and make minor improvements to the ASC that are not expected to have a significant effect on current accounting practice or create a significant administrative cost to most entities. The amendments were effective upon issuance (December 14, 2016) for amendments that did not have transition guidance. Amendments that are subject to transition guidance will be effective for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2016. Early adoption is permitted. These amendments did not have a material effect on the Company’s financial statements. In December 2016, the FASB issued technical corrections and improvements to the Revenue from Contracts with Customers Topic of the ASC. These corrections make a limited number of revisions to several pieces of the revenue recognition standard issued in 2014. The effective date and transition requirements for the technical corrections will be effective for the Company for reporting periods beginning after December 15, 2017. The Company will apply the guidance using a modified retrospective approach. The Company does not expect these amendments to have a material effect on its financial statements. In January 2017, the FASB issued guidance to clarify the definition of a business with the objective of adding guidance to assist entities with evaluating whether transactions should be accounted for as acquisitions (or disposals) of assets or businesses. The amendment to the Business Combinations Topic is intended to address concerns that the existing definition of a business has been applied too broadly and has resulted in many transactions being recorded as business acquisitions that in substance are more akin to asset acquisitions. The guidance will be effective for the Company for [reporting periods beginning after December 15, 2017. Early adoption is permitted. The Company does not expect these amendments to have a material effect on its financial statements. In January 2017, the FASB updated the Accounting Changes and Error Corrections and the Investments—Equity Method and Joint Ventures Topics of the Accounting Standards Codification. The ASU incorporates into the Accounting Standards Codification recent SEC guidance about disclosing, under SEC SAB Topic 11.M, the effect on financial statements of adopting the revenue, leases, and credit losses standards. The ASU was effective upon issuance. The Company is currently evaluating the impact on additional disclosure requirements as each of the standards is adopted, however it does not expect these amendments to have a material effect on its financial position, results of operations or cash flows. In January 2017, the FASB amended the Goodwill and Other Topic of the Accounting Standards Codification to simplify the accounting for goodwill impairment for public business entities and other entities that have goodwill reported in their financial statements and have not elected the private company alternative for the subsequent measurement of goodwill. The amendment removes Step 2 of the goodwill impairment test. A goodwill impairment will now be the amount by which a reporting unit’s carrying value exceeds its fair value, not to exceed the carrying amount of goodwill. The effective date and transition requirements for the technical corrections will be effective for the Company for reporting periods beginning after December 15, 2019. Early adoption is permitted for interim or annual goodwill impairment tests performed on testing dates after January 1, 2017. The Company does not expect these amendments to have a material effect on its financial statements. In February 2017, the FASB amended the Other Income Topic of the Accounting Standards Codification to clarify the scope of the guidance on nonfinancial asset derecognition as well as the accounting for partial sales of nonfinancial assets. The amendments conform the derecognition guidance on nonfinancial assets with the model for transactions in the new revenue standard. The amendments will be effective for the Company for reporting periods beginning after December 15, 2017. The Company does not expect these amendments to have a material effect on its financial statements. In March 2017, the FASB amended the requirements in the Receivables—Nonrefundable Fees and Other Costs Topic of the Accounting Standards Codification related to the amortization period for certain purchased callable debt securities held at a premium. The amendments shorten the amortization period for the premium to the earliest call date. The amendments will be effective for the Company for interim and annual periods beginning after December 15, 2018. Early adoption is permitted. The Company does not expect these amendments to have a material effect on its financial statements. Other accounting standards that have been issued or proposed by the FASB or other standards-setting bodies are not expected to have a material impact on the Company’s financial position, results of operations or cash flows.

BUSINESS COMBINATION (Tables)

BUSINESS COMBINATION (Tables)	3 Months Ended
	Mar. 31, 2017
Greer Bancshares [Member]
Schedule of Assets and Liabilities Acquired [Table Text Block]	The following table presents a summary of total consideration paid by the Company at the acquisition date (dollars in thousand). Common stock issued (1,784,831 shares at $30.30 per share) $ 54,080 Cash payments to common stockholders 4,565 Total consideration paid $ 58,645
Schedule of loans acquired at the Acquisition date	The following table summarizes the consideration paid by the Company in the merger with Greer and the amounts of the assets acquired and liabilities assumed recognized at the acquisition date. As Reported Fair Value As Recorded by March 18, 2017 by Greer Adjustments the Company (In thousands) Assets Cash and cash equivalents $ 42,187 — 42,187 Investments 121,374 — 121,374 Loans receivable 205,209 (10,559 ) (a) 194,650 Loans held for sale 105 — 105 Allowance for loan losses (3,198 ) 3,198 (b) — Premises and equipment 3,928 4,202 (c) 8,130 Foreclosed assets 42 — 42 Core deposit intangible — 4,480 (d) 4,480 Deferred tax asset, net 3,831 (1,434 ) (e) 2,397 Other assets 11,367 (241 ) (f) 11,126 Total assets acquired $ 384,845 (354 ) 384,491 Liabilities Deposits $ 310,866 200 (g) 311,066 Long-term debt 43,712 (3,510 ) (h) 40,202 Accrued expenses and other liabilities 7,086 512 (i) 7,598 Total liabilities assumed $ 361,664 (2,798 ) 358,866 Net assets acquired 25,625 Total consideration paid 58,645 Goodwill $ 33,020 Explanation of fair value adjustments: (a) Adjustment reflects the fair value adjustment based on the Company’s third party valuation report. (b) Adjustment reflects the elimination of Greer’s historical allowance for loan losses. (c) Adjustment reflects fair value adjustments on acquired branch and administrative offices based on third party appraisals. (d) Adjustment reflects the fair value adjustment to record the estimated core deposit intangible based on the Company’s third party valuation report. (e) Adjustment reflects the tax impact of acquisition accounting fair value adjustments. (f) Adjustment reflects the fair value adjustment based on the Company’s evaluation of acquired other assets. (g) Adjustments reflects the fair value adjustment based on Company’s third party valuation report. (h) Adjustments reflects the fair value adjustment based on Company’s third party valuation report. (i) Adjustment reflects the fair value adjustment based on the Company’s evaluation of acquired other liabilities. The following table presents additional information related to the purchased credit impaired (“PCI”) acquired loan portfolio at March 18, 2017 (in thousands): Contractual principal and interest at acquisition $ 37,683 Nonaccretable difference 7,248 Expected cash flows at acquisition 30,434 Accretable yield 4,995 Basis in PCI loans at acquisition - estimated fair value $ 25,439
Schedule of deposits acquired at the Acquisition date	For the Three Months Ended March 31, 2017 2016 (In thousands, except share data) Net interest income $ 17,899 $ 14,287 Net income (a) $ 6,048 $ 4,673 Weighted average shares outstanding: Basic (b) 15,704,542 13,531,405 Diluted (b) 15,924,072 13,763,632 Earnings per common share: Basic $ 0.39 $ 0.35 Diluted $ 0.38 $ 0.34 (a) Supplemental pro forma net income includes the impact of certain fair value adjustments. Supplemental pro forma net income does not include assumptions on cost saves or impact of merger related expenses. (b) Weighted average shares outstanding include the full effect of the common stock issued in connection with the Greer acquisition as of the earliest reporting date.
Congaree Bancshares, Inc. [Member]
Schedule of Assets and Liabilities Acquired [Table Text Block]	The following table presents a summary of total consideration paid by the Company at the acquisition date (dollars in thousands). Common stock issued (508,910 shares at $16.80 per share) $ 8,557 Cash payments to common stockholders 5,724 Preferred shares assumed and redeemed at par 1,564 Fair value of Congaree stock options assumed - paid out in cash 439 Total consideration paid $ 16,284
Schedule of loans acquired at the Acquisition date	The following table presents the Congaree assets acquired and liabilities assumed as of June 11, 2016 as well as the related fair value adjustments and determination of goodwill. There have been no adjustments to initial fair values recorded by the Company for the Congaree acquisition to date. As Reported by Congaree Fair Value Adjustments As Recorded by the Company (In thousands) Assets Cash and cash equivalents $ 11,394 — 11,394 Securities 9,453 (59 ) (a) 9,394 Loans 78,712 (4,111 ) (b) 74,601 Allowance for loan losses (1,112 ) 1,112 (c) — Premises and equipment 2,712 38 (d) 2,750 Foreclosed assets 1,710 (250 ) (e) 1,460 Core deposit intangible — 1,104 (f) 1,104 Deferred tax asset 1,813 915 (g) 2,728 Other assets 942 (152 ) (h) 790 Total assets acquired $ 105,624 (1,403 ) 104,221 Liabilities Deposits $ 89,227 98 (i) 89,325 Borrowings 2,500 — 2,500 Other liabilities 378 — 378 Total liabilities assumed $ 92,105 98 92,203 Net assets acquired 12,018 Total consideration paid 16,284 Goodwill $ 4,266 Explanation of fair value adjustments: (a) Adjustment reflects opening fair value of securities portfolio, which was established as the new book basis of the portfolio. (b) Adjustment reflects the fair value adjustment based on the Company’s third party valuation report. (c) Adjustment reflects the elimination of Congaree’s historical allowance for loan losses. (d) Adjustment reflects fair value adjustments on acquired branch and administrative offices. (e) Adjustment reflects the fair value adjustment based on the Company’s evaluation of the foreclosed assets. (f) Adjustment reflects the fair value adjustment to record the estimated core deposit intangible based on the Company’s third party valuation report. (g) Adjustment reflects the tax impact of acquisition accounting fair value adjustments. (h) Adjustment reflects the fair value adjustment based on the Company’s evaluation of acquired other assets. (i) Adjustment reflects the fair value adjustment based on the Company’s third party evaluation report on deposits assumed.

SECURITIES (Tables)

SECURITIES (Tables)	3 Months Ended
	Mar. 31, 2017
Investments, Debt and Equity Securities [Abstract]
Schedule of investment securities available for sale	The amortized cost, gross unrealized gains, gross unrealized losses and fair value of securities available-for-sale at March 31, 2017 and December 31, 2016 follows: March 31, 2017 December 31, 2016 Gross Gross Gross Gross Amortized Unrealized Unrealized Fair Amortized Unrealized Unrealized Fair Cost Gains Losses Value Cost Gains Losses Value (In thousands) Securities available-for-sale: Municipal securities $ 148,946 2,570 (660 ) 150,856 92,792 1,475 (1,055 ) 93,212 US government agencies 35,406 332 (38 ) 35,700 3,438 — (52 ) 3,386 Collateralized loan obligations 84,212 188 (63 ) 84,337 76,202 138 (91 ) 76,249 Corporate securities 474 15 — 489 474 17 — 491 Mortgage-backed securities: Agency 144,592 1,304 (587 ) 145,309 90,477 995 (486 ) 90,986 Non-agency 68,844 431 (257 ) 69,018 63,628 424 (188 ) 63,864 Total mortgage-backed securities 213,436 1,735 (844 ) 214,327 154,105 1,419 (674 ) 154,850 Trust preferred securities 11,204 872 (3,655 ) 8,421 11,203 545 (4,584 ) 7,164 Total $ 493,678 5,712 (5,260 ) 494,130 338,214 3,594 (6,456 ) 335,352
Schedule of amortized costs and fair values of investment securities, by contractual maturity	The amortized cost and fair value of debt securities by contractual maturity at March 31, 2017 follows: At March 31, 2017 Amortized Fair Cost Value (In thousands) Securities available-for-sale: Less than one year $ 302 302 One to five years 3,667 3,684 Six to ten years 88,515 88,805 After ten years 401,194 401,339 Total $ 493,678 494,130
Schedule of gross realized gains and losses from sales of investment securities available-for-sale	The amortized cost and fair value of debt securities by contractual maturity at March 31, 2017 follows: At March 31, 2017 Amortized Fair Cost Value (In thousands) Securities available-for-sale: Less than one year $ 302 302 One to five years 3,667 3,684 Six to ten years 88,515 88,805 After ten years 401,194 401,339 Total $ 493,678 494,130
Schedule of securities in a continuous unrealized loss position aggregated by investment category and length of time	The tables below summarize gross unrealized losses on investment securities and the fair market value of the related securities at March 31, 2017 and December 31, 2016, aggregated by investment category and length of time that individual securities have been in a continuous unrealized loss position. At March 31, 2017 Less than 12 Months 12 Months or Greater Total Amortized Fair Unrealized Amortized Fair Unrealized Amortized Fair Unrealized Cost Value Losses Cost Value Losses Cost Value Losses (In thousands) Available-for-sale: Municipal securities $ 37,685 37,025 (660 ) — — — 37,685 37,025 (660 ) US government agencies 7,129 7,091 (38 ) — — — 7,129 7,091 (38 ) Collateralized loan obligations 19,500 19,468 (32 ) 8,500 8,469 (31 ) 28,000 27,937 (63 ) Mortgage-backed securities: Agency 62,055 61,586 (469 ) 9,672 9,554 (118 ) 71,727 71,140 (587 ) Non-agency 10,660 10,475 (185 ) 8,214 8,142 (72 ) 18,874 18,617 (257 ) Total mortgage-backed securities 72,715 72,061 (654 ) 17,886 17,696 (190 ) 90,601 89,757 (844 ) Trust preferred securities — — — 10,001 6,346 (3,655 ) 10,001 6,346 (3,655 ) Total $ 137,029 135,645 (1,384 ) 36,387 32,511 (3,876 ) 173,416 168,156 (5,260 ) At December 31, 2016 Less than 12 Months 12 Months or Greater Total Amortized Fair Unrealized Amortized Fair Unrealized Amortized Fair Unrealized Cost Value Losses Cost Value Losses Cost Value Losses (In thousands) Available-for-sale: Municipal securities $ 40,479 39,424 (1,055 ) — — — 40,479 39,424 (1,055 ) US government agencies 3,438 3,386 (52 ) — — — 3,438 3,386 (52 ) Collateralized loan obligations 16,792 16,748 (44 ) 8,500 8,453 (47 ) 25,292 25,201 (91 ) Mortgage-backed securities: Agency 33,323 32,960 (363 ) 10,125 10,002 (123 ) 43,448 42,962 (486 ) Non-agency 9,357 9,240 (117 ) 8,801 8,730 (71 ) 18,158 17,970 (188 ) Total mortgage-backed securities 42,680 42,200 (480 ) 18,926 18,732 (194 ) 61,606 60,932 (674 ) Trust preferred securities 1,362 1,112 (250 ) 8,667 4,333 (4,334 ) 10,029 5,445 (4,584 ) Total $ 104,751 102,870 (1,881 ) 36,093 31,518 (4,575 ) 140,844 134,388 (6,456 )

DERIVATIVES (Tables)

DERIVATIVES (Tables)	3 Months Ended
	Mar. 31, 2017
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Schedule of derivative positions of Company	The derivative positions of the Company at March 31, 2017 and December 31, 2016 are as follows: At March 31, At December 31, 2017 2016 Fair Notional Fair Notional Value Value Value Value (In thousands) Derivative assets: Cash flow hedges: Interest rate swaps $ 559 45,000 421 30,000 Non-hedging derivatives: Interest rate swaps 552 20,000 532 20,000 Mortgage loan interest rate lock commitments 1,827 136,592 1,113 117,439 Mortgage loan forward sales commitments 288 15,670 153 94,001 Total derivative assets $ 3,226 217,262 2,219 261,440 Derivative liabilities: Non-hedging derivatives: Interest rate swaps $ 234 10,000 195 10,000 Mortgage-backed securities forward sales commitments 448 96,000 147 22,784 Total derivative liabilities $ 682 106,000 342 32,784

LOANS RECEIVABLE, NET (Tables)

LOANS RECEIVABLE, NET (Tables)	3 Months Ended
	Mar. 31, 2017
Debt Disclosure [Abstract]
Schedule of categories of loans	Loans receivable, net at March 31, 2017 and December 31, 2016 are summarized by category as follows: At March 31, At December 31, 2017 2016 % of Total % of Total Amount Loans Amount Loans (Dollars in thousands) Loans secured by real estate: One-to-four family $ 472,764 33.36 % $ 411,399 34.91 % Home equity 52,298 3.69 % 36,026 3.06 % Commercial real estate 540,415 38.14 % 445,344 37.80 % Construction and development 150,738 10.64 % 115,682 9.82 % Consumer loans 10,411 0.73 % 5,714 0.48 % Commercial business loans 190,384 13.44 % 164,101 13.93 % Total gross loans receivable 1,417,010 100.00 % 1,178,266 100.00 % Less: Allowance for loan losses 10,715 10,688 Total loans receivable, net $ 1,406,295 $ 1,167,578 The composition of gross loans outstanding, net of undisbursed amounts, by rate type is as follows: At March 31, At December 31, 2017 2016 (Dollars in thousands) Variable rate loans $ 535,935 37.82 % $ 455,589 38.67 % Fixed rate loans 881,075 62.18 % 722,677 61.33 % Total loans outstanding $ 1,417,010 100.00 % $ 1,178,266 100.00 %
Schedule of changes in the value of the accretable yield for PCI loans	The following table presents changes in the value of the accretable yield for PCI loans for three months ended March 31, 2017 (in thousands): For the Three Months Ended March 31, 2017 (In thousands) Accretable yield, beginning of period $ — Additions 4,995 Accretion (102 ) Reclassification from nonaccretable balance, net — Other changes, net — Accretable yield, end of period $ 4,893
Schedule of activity in the allowance for loan losses	The following table presents activity in the allowance for loan losses for the period indicated. Allocation of a portion of the allowance to one category of loans does not preclude its availability to absorb losses in other categories. Allowance for loan losses: For the Three Months Ended March 31, 2017 Loans Secured by Real Estate One-to- Commercial Construction four Home real and Commercial family equity estate development Consumer business Unallocated Total (In thousands) Balance, beginning of period $ 2,636 197 3,344 1,132 80 2,805 494 10,688 Provision for loan losses (114 ) 39 244 (190 ) 35 (329 ) 315 — Charge-offs (17 ) — — — (9 ) — — (26 ) Recoveries 1 — 25 1 4 22 — 53 Balance, end of period $ 2,506 236 3,613 943 110 2,498 809 10,715 For the Three Months Ended March 31, 2016 Loans Secured by Real Estate One-to- Commercial Construction four Home real and Commercial family equity estate development Consumer business Unallocated Total (In thousands) Balance, beginning of period $ 2,903 151 3,402 1,138 27 2,100 420 10,141 Provision for loan losses (98 ) 1 (37 ) 90 (2 ) 66 (20 ) — Charge-offs — — — — (2 ) — — (2 ) Recoveries 58 — — 3 6 27 — 94 Balance, end of period $ 2,863 152 3,365 1,231 29 2,193 400 10,233
Schedule of allowance for loan losses and recorded investment in loans by impairment methodology	The following table disaggregates our allowance for loan losses and recorded investment in loans by impairment methodology. Loans Secured by Real Estate One-to- Commercial Construction four Home real and Commercial family equity estate development Consumer business Unallocated Total (In thousands) At March 31, 2017: Allowance for loan losses ending balances: Individually evaluated for impairment $ 43 54 48 — — 23 — 168 Collectively evaluated for impairment 2,463 182 3,565 943 110 2,475 809 10,547 $ 2,506 236 3,613 943 110 2,498 809 10,715 Loans receivable ending balances: Individually evaluated for impairment $ 4,460 1,114 5,055 491 19 247 — 11,386 Collectively evaluated for impairment 461,515 50,884 523,626 145,506 10,336 188,450 — 1,380,317 Purchased Credit-Impaired Loans 6,789 300 11,734 4,741 56 1,687 — 25,307 Total loans receivable $ 472,764 52,298 540,415 150,738 10,411 190,384 — 1,417,010 At December 31, 2016: Allowance for loan losses ending balances: Individually evaluated for impairment $ 27 29 92 — — 9 — 157 Collectively evaluated for impairment 2,609 168 3,252 1,132 80 2,796 494 10,531 $ 2,636 197 3,344 1,132 80 2,805 494 10,688 Loans receivable ending balances: Individually evaluated for impairment $ 4,668 108 5,247 507 24 267 — 10,821 Collectively evaluated for impairment 406,731 35,918 440,097 115,175 5,690 163,834 — 1,167,445 Total loans receivable $ 411,399 36,026 445,344 115,682 5,714 164,101 — 1,178,266
Schedule of impaired loans by class of loans	The following table presents impaired loans individually evaluated for impairment in the segmented portfolio categories and the corresponding allowance for loan losses as of March 31, 2017 and December 31, 2016. The recorded investment is defined as the original amount of the loan, net of any deferred costs and fees, less any principal reductions and direct charge-offs. Unpaid principal balance includes amounts previously included in charge-offs. At March 31, 2017 At December 31, 2016 Unpaid Unpaid Recorded Principal Related Recorded Principal Related Investment Balance Allowance Investment Balance Allowance (In thousands) With no related allowance recorded: Loans secured by real estate: One-to-four family $ 3,833 4,073 — 4,125 4,366 — Home equity 839 839 — — — — Commercial real estate 4,041 4,041 — 4,011 4,011 — Construction and development 491 491 — 507 507 — Consumer loans 19 19 — 24 24 — Commercial business loans 36 37 — 258 258 — 9,259 9,500 — 8,925 9,166 — With an allowance recorded: Loans secured by real estate: One-to-four family 627 627 43 543 543 27 Home equity 275 275 54 108 108 29 Commercial real estate 1,014 1,014 48 1,236 1,236 92 Construction and development — — — — — — Consumer loans — — — — — — Commercial business loans 211 211 23 9 9 9 2,127 2,127 168 1,896 1,896 157 Total: Loans secured by real estate: One-to-four family 4,460 4,700 43 4,668 4,909 27 Home equity 1,114 1,114 54 108 108 29 Commercial real estate 5,055 5,055 48 5,247 5,247 92 Construction and development 491 491 — 507 507 — Consumer loans 19 19 — 24 24 — Commercial business loans 247 248 23 267 267 9 $ 11,386 11,627 168 10,821 11,062 157 The following table presents the average recorded investment and interest income recognized on impaired loans individually evaluated for impairment in the segmented portfolio categories for the three months ended March 31, 2017 and 2016. For the Three Months Ended March 31, 2017 2016 Average Interest Average Interest Recorded Income Recorded Income Investment Recognized Investment Recognized (In thousands) With no related allowance recorded: Loans secured by real estate: One-to-four family $ 3,827 36 3,076 11 Home equity 541 3 — — Commercial real estate 4,070 136 10,753 136 Construction and development 491 — 25 — Consumer loans 20 1 65 (4 ) Commercial business loans 38 17 318 4 8,987 193 14,237 147 With an allowance recorded: Loans secured by real estate: One-to-four family 597 3 518 5 Home equity 192 1 — — Commercial real estate 1,019 66 1,671 — Construction and development — — 475 — Consumer loans — — — — Commercial business loans 217 6 198 (1 ) 2,025 76 2,862 4 Total: Loans secured by real estate: One-to-four family 4,424 39 3,594 16 Home equity 733 4 — — Commercial real estate 5,089 202 12,424 136 Construction and development 491 — 500 — Consumer loans 20 1 65 (4 ) Commercial business loans 255 23 516 3 $ 11,012 269 17,099 151
Schedule of aging of the recorded investment in past due loans by class of loans	A loan is considered past due if the required principal and interest payment has not been received as of the due date. The following schedule is an aging of past due loans receivable by portfolio segment as of March 31, 2017 and December 31, 2016. At March 31, 2017 Real Estate Loans One-to- Commercial Construction four Home real and Commercial family equity estate development Consumer business Total (In thousands) 30-59 days past due $ 1,526 15 1,536 90 181 11 3,359 60-89 days past due 27 13 — — — — 40 90 days or more past due 3,123 772 135 491 6 623 5,150 Total past due 4,676 800 1,671 581 187 634 8,549 Current 468,088 51,498 538,744 150,157 10,224 189,750 1,408,461 Total loans receivable $ 472,764 52,298 540,415 150,738 10,411 190,384 1,417,010 At December 31, 2016 Real Estate Loans One-to- Commercial Construction four Home real and Commercial family equity estate development Consumer business Total (In thousands) 30-59 days past due $ 3,864 379 206 62 55 136 4,702 60-89 days past due 635 497 — — 3 — 1,135 90 days or more past due 3,170 108 334 507 26 16 4,161 Total past due 7,669 984 540 569 84 152 9,998 Current 403,730 35,042 444,804 115,113 5,630 163,949 1,168,268 Total loans receivable $ 411,399 36,026 445,344 115,682 5,714 164,101 1,178,266
Schedule of analysis of loans receivables on nonaccrual status	The following is a schedule of loans receivable, by portfolio segment, on nonaccrual at March 31, 2017 and December 31, 2016. At March 31, At December 31, 2017 2016 (In thousands) Loans secured by real estate: One-to-four family $ 3,098 3,256 Home equity 772 108 Commercial real estate 1,546 1,703 Construction and development 491 507 Consumer loans 7 27 Commercial business loans 17 24 $ 5,931 5,625
Schedule of analysis of loan portfolio by credit quality indicators	The following is a schedule of the credit quality of loans receivable, by portfolio segment, as of March 31, 2017 and December 31, 2016. At March 31, 2017 Real Estate Loans One-to- Commercial Construction four Home real and Commercial family equity estate development Consumer business Total (In thousands) Internal Risk Rating Grades: Pass $ 466,380 50,881 535,087 147,728 10,384 186,113 1,396,573 Special Mention 1,934 231 2,749 427 20 2,236 7,597 Substandard 4,450 1,186 2,579 2,583 7 2,035 12,840 Total loans receivable $ 472,764 52,298 540,415 150,738 10,411 190,384 1,417,010 Performing $ 469,666 51,526 538,869 150,247 10,404 190,367 1,411,079 Nonperforming: Nonaccrual 3,098 772 1,546 491 7 17 5,931 Total nonperforming 3,098 772 1,546 491 7 17 5,931 Total loans receivable $ 472,764 52,298 540,415 150,738 10,411 190,384 1,417,010 At December 31,2016 Real Estate Loans One-to- Commercial Construction four Home real and Commercial family equity estate development Consumer business Total (In thousands) Internal Risk Rating Grades: Pass $ 407,612 35,903 442,323 114,751 5,683 162,235 1,168,507 Special Mention 438 15 1,318 424 19 1,849 4,063 Substandard 3,349 108 1,703 507 12 17 5,696 Total loans receivable $ 411,399 36,026 445,344 115,682 5,714 164,101 1,178,266 Performing $ 408,143 35,918 443,641 115,175 5,687 164,077 1,172,641 Nonperforming: Nonaccrual 3,256 108 1,703 507 27 24 5,625 Total nonperforming 3,256 108 1,703 507 27 24 5,625 Total loans receivable $ 411,399 36,026 445,344 115,682 5,714 164,101 1,178,266

REAL ESTATE ACQUIRED THROUGH 23

REAL ESTATE ACQUIRED THROUGH FORECLOSURE (Tables)	3 Months Ended
	Mar. 31, 2017
Banking and Thrift [Abstract]
Summary of Changes in Other Real Estate Owned	The following presents summarized activity in real estate acquired through foreclosure for the periods ended March 31, 2017 and December 31, 2016: March 31, December 31, 2017 2016 (In thousands) Balance at beginning of period $ 1,179 2,374 Additions 323 2,630 Sales (23 ) (3,810 ) Write downs — (15 ) Balance at end of period $ 1,479 1,179
Schedule of composition of other real estate owned	A summary of the composition of real estate acquired through foreclosure follows: At March 31, At December 31, 2017 2016 (In thousands) Real estate loans: One-to-four family $ 239 — Construction and development 1,240 1,179 $ 1,479 1,179

DEPOSITS (Tables)

DEPOSITS (Tables)	3 Months Ended
	Mar. 31, 2017
Banking and Thrift [Abstract]
Summary of Deposits outstanding	Deposits outstanding by type of account at March 31, 2017 and December 31, 2016 are summarized as follows: At March 31, At December 31, 2017 2016 (In thousands) Noninterest-bearing demand accounts $ 298,365 229,905 Interest-bearing demand accounts 309,961 191,851 Savings accounts 66,506 48,648 Money market accounts 363,600 292,639 Certificates of deposit: Less than $250,000 524,836 467,937 $250,000 or more 44,452 27,280 Total certificates of deposit 569,288 495,217 Total deposits $ 1,607,720 1,258,260

ESTIMATED FAIR VALUE OF FINAN25

ESTIMATED FAIR VALUE OF FINANCIAL INSTRUMENTS (Tables)	3 Months Ended
	Mar. 31, 2017
Fair Value Disclosures [Abstract]
Schedule of carrying amount and estimated fair value of the Company's financial instruments	The carrying amount and estimated fair value of the Company’s financial instruments at March 31, 2017 and December 31, 2016 are as follows: At March 31, 2017 Carrying Fair Value Amount Total Level 1 Level 2 Level 3 (In thousands) Financial assets: Cash and due from banks $ 21,456 21,456 21,456 — — Interest-bearing cash 36,582 36,582 36,582 — — Federal funds sold 10,560 — 10,560 — — Securities available-for-sale 494,130 494,130 — 494,130 — Federal Home Loan Bank stock 12,478 12,478 — — 12,478 Other investments 2,116 2,116 — — 2,116 Derivative assets 3,226 3,226 1,111 2,115 — Loans held for sale 21,399 21,399 — 21,399 — Loans receivable, net 1,406,295 1,407,232 — — 1,407,232 Accrued interest receivable 6,726 6,726 — 6,726 — Mortgage servicing rights 15,792 21,933 — — 21,933 Financial liabilities: Deposits 1,607,720 1,605,218 — 1,605,218 — Short-term borrowed funds 214,500 213,865 — 213,865 — Long-term debt 55,304 55,272 — 55,272 — Derivative liabilities 682 682 234 448 — Accrued interest payable 690 690 — 690 — At December 31, 2016 Carrying Fair Value Amount Total Level 1 Level 2 Level 3 (In thousands) Financial assets: Cash and due from banks $ 9,761 9,761 9,761 — — Interest-bearing cash 14,591 14,591 14,591 — — Securities available-for-sale 335,352 335,352 — 335,352 — Federal Home Loan Bank stock 11,072 11,072 — — 11,072 Other investments 1,768 1,768 — — 1,768 Derivative assets 2,219 2,219 953 1,266 — Loans held for sale 31,569 31,569 — 31,569 — Loans receivable, net 1,167,578 1,173,118 — — 1,173,118 Accrued interest receivable 5,373 5,373 — 5,373 — Mortgage servicing rights 15,032 20,961 — — 20,961 Financial liabilities: Deposits 1,258,260 1,256,119 — 1,256,119 — Short-term borrowed funds 203,000 202,455 — 202,455 — Long-term debt 38,465 38,442 — 38,442 — Derivative liabilities 342 342 195 147 — Accrued interest payable 327 327 — 327 —
Schedule of notional amount and estimated fair values of off-balance sheet financial instruments	At March 31, 2017 At December 31, 2016 Notional Estimated Notional Estimated Amount Fair Value Amount Fair Value (In thousands) Off-Balance Sheet Financial Instruments: Commitments to extend credit $ 141,082 — 111,446 — Standby letters of credit 3,521 — 2,248 —
Summary of assets and liabilities measured at fair value on a recurring basis	Assets and liabilities measured at fair value on a recurring basis are as follows as of March 31, 2017 and December 31, 2016: Quoted market price Significant other Significant other in active markets observable inputs unobservable inputs (Level 1) (Level 2) (Level 3) (In thousands) March 31, 2017 Available-for-sale investment securities: Municipal securities $ — 150,856 — US government agencies — 35,700 — Collateralized loan obligations — 84,337 — Corporate securities — 489 — Mortgage-backed securities: Agency — 145,309 — Non-agency — 69,018 — Trust Preferred Securities — 8,421 — Loans held for sale — 21,399 — Derivative assets: Cash flow hedges: Interest rate swaps 559 — — Non-hedging derivatives: Interest rate swaps 552 — — Mortgage loan interest rate lock commitments — 1,827 — Mortgage loan forward sales commitments — 288 — Derivative liabilities: Non-hedging derivatives: Interest rate swaps 234 — — Mortgage-backed securities forward sales commitments — 448 — Total $ 1,345 515,092 0 December 31, 2016 Available-for-sale investment securities: Municipal securities $ — 93,212 — US government agencies — 3,386 — Collateralized loan obligations — 76,249 — Corporate securities — 491 — Mortgage-backed securities: Agency — 90,986 — Non-agency — 63,864 — Trust preferred securities — 7,164 — Loans held for sale — 31,569 — Derivative assets: Cash flow hedges: Interest rate swaps 421 — — Non-hedging derivatives: Interest rate swaps 532 — — Mortgage loan interest rate lock commitments — 1,113 — Mortgage loan forward sales commitments — 153 — Derivative liabilities: Non-hedging derivatives: Interest rate swaps 195 — — Mortgage-backed securities forward sales commitments — 147 — Total $ 1,148 368,334 0
Summary of assets and liabilities measured at a fair value on a nonrecurring basis	Assets measured at fair value on a nonrecurring basis are as follows as of March 31, 2017 and December 31, 2016: Quoted Significant Significant in active observable unobservable (Level 1) (Level 2) (Level 3) (In thousands) March 31, 2017 Impaired loans: Loans secured by real estate: One-to-four family $ — — 4,417 Home equity — — 1,060 Commercial real estate — — 5,007 Construction and development — — 491 Consumer loans — — 19 Commercial business loans — — 224 Real estate owned: One-to-four family — — 239 Construction and development — — 1,240 Mortgage servicing rights — — 21,933 Total $ — — 34,630 December 31, 2016 Impaired loans: Loans secured by real estate: One-to-four family $ — — 4,641 Home equity — — 79 Commercial real estate — — 5,155 Construction and development — — 507 Consumer loans — — 24 Commercial business loans — — 258 Real estate owned: One-to-four family — — — Commercial real estate — — — Construction and development — — 1,179 Mortgage servicing rights — — 20,961 Total $ — — 32,804
Schedule of significant unobservable inputs used in the fair value measurements	For Level 3 assets and liabilities measured at fair value on a nonrecurring basis as of March 31, 2017 and December 31, 2016, the significant unobservable inputs used in the fair value measurements were as follows: March 31, 2017 and December 31, 2016 Significant Significant Unobservable Valuation Technique Observable Inputs Inputs Impaired Loans Appraisal Value Appraisals and or sales of Appraisals discounted 10% to 20% for comparable properties sales commissions and other holding costs Real estate owned Appraisal Value/ Appraisals and or sales of Appraisals discounted 10% to 20% for Comparison Sales/ comparable properties sales commissions and other holding costs Other estimates Mortgage Servicing Rights Discounted cash flows Comparable sales Discount rates 12% - 13% - 2017 and 2016 Prepayment rate 7% - 8% - 2017 and 2016

EARNINGS PER SHARE (Tables)

EARNINGS PER SHARE (Tables)	3 Months Ended
	Mar. 31, 2017
Earnings per common share:
Schedule of reconciliation of average shares outstanding	The following is a summary of the reconciliation of weighted average shares outstanding for the three months ended March 31, 2017 and 2016: For the Three Months Ended March 31, 2017 2016 Basic Diluted Basic Diluted Weighted average shares outstanding 13,919,711 13,919,711 11,746,574 11,746,574 Effect of dilutive securities — 219,530 — 232,227 Weighted average shares outstanding 13,919,711 14,139,241 11,746,574 11,978,801 The following is a summary of the reconciliation of shares issued and outstanding and unvested restricted stock awards as of March 31, 2017 and 2016 used to calculate book value per share: As of March 31, 2017 2016 Issued and outstanding shares 16,185,408 12,051,615 Less nonvested restricted stock awards (227,439 ) (302,028 ) Period end dilutive shares 15,957,969 11,749,587

SUPPLEMENTAL SEGMENT INFORMAT27

SUPPLEMENTAL SEGMENT INFORMATION (Tables)	3 Months Ended
	Mar. 31, 2017
Segment Reporting [Abstract]
Schedule of Selected Financial Information of Company's reportable business segments	The following tables present selected financial information for the Company’s reportable business segments for the three months ended March 31, 2017 and 2016: Community Mortgage For the Three Months Ended March 31, 2017 Banking Banking Other Eliminations Total (In thousands) Interest income $ 17,257 395 6 12 17,670 Interest expense 2,218 12 182 (12 ) 2,400 Net interest income (expense) 15,039 383 (176 ) 24 15,270 Provision for loan losses — — — — — Noninterest income from external customers 2,419 4,812 — — 7,231 Intersegment noninterest income 242 34 — (276 ) — Noninterest expense 11,324 4,053 209 — 15,586 Intersegment noninterest expense — 240 2 (242 ) — Income (loss) before income taxes 6,376 936 (387 ) (10 ) 6,915 Income tax expense (benefit) 1,867 291 (143 ) (4 ) 2,011 Net income (loss) $ 4,509 645 (244 ) (6 ) 4,904 Community Mortgage For the Three Months Ended March 31, 2016 Banking Banking Other Eliminations Total (In thousands) Interest income $ 12,944 369 5 42 13,360 Interest expense 1,939 5 148 (5 ) 2,087 Net interest income (expense) 11,005 364 (143 ) 47 11,273 Provision for loan losses — — — — — Noninterest income from external customers 2,133 4,143 — — 6,276 Intersegment noninterest income 243 19 — (262 ) — Noninterest expense 8,429 3,680 159 — 12,268 Intersegment noninterest expense — 241 2 (243 ) — Income (loss) before income taxes 4,952 605 (304 ) 28 5,281 Income tax expense (benefit) 1,539 204 (116 ) 11 1,638 Net income (loss) $ 3,413 401 (188 ) 17 3,643 The following tables present selected financial information for the Company’s reportable business segments for March 31, 2017 and December 31, 2016: Community Mortgage At March 31, 2017 Banking Banking Other Eliminations Total (In thousands) Assets $ 2,178,608 70,688 298,319 (365,506 ) 2,182,109 Loans receivable, net 1,383,117 27,757 — (4,579 ) 1,406,295 Loans held for sale 1,302 20,097 — — 21,399 Deposits 1,620,575 — — (12,855 ) 1,607,720 Borrowed funds 246,500 4,000 23,304 (4,000 ) 269,804 Community Mortgage At December 31, 2016 Banking Banking Other Eliminations Total (In thousands) Assets $ 1,678,541 78,315 179,681 (252,801 ) 1,683,736 Loans receivable, net 1,151,704 27,433 — (11,559 ) 1,167,578 Loans held for sale 2,159 29,410 — — 31,569 Deposits 1,263,030 — — (4,770 ) 1,258,260 Borrowed funds 226,000 10,990 15,465 (10,990 ) 241,465

SUMMARY OF SIGNIFICANT ACCOUN28

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details Narrative) - USD ($) $ / shares in Units, $ in Thousands	Jun. 15, 2017	Mar. 31, 2017	Dec. 31, 2016	Mar. 31, 2016
Value of common stock issued to company		$ 162	$ 125
Public offering of common shares		16,185,408	12,548,328	12,051,615
Subsequent Event [Member]
Dividend Declared to Stockholders [Per Share]	$ 0.04
Dividend Declared, Record Date	Jun. 15, 2017
Dividend Declared, Payable Date	Jul. 6, 2017

BUSINESS COMBINATIONS (Details)

BUSINESS COMBINATIONS (Details) - USD ($) $ in Thousands	Jun. 11, 2016	Mar. 31, 2017	Mar. 18, 2017	Dec. 31, 2016	Mar. 31, 2016
Common stock issued		$ 162		$ 125
Common stock issued		16,185,408		12,548,328	12,051,615
Greer Bancshares [Member]
Common stock issued			$ 54,080
Cash payments to common stockholders			4,565
Preferred shares assumed and redeemed at par			$ 58,645
Common stock issued			1,784,831
Congaree Bancshares, Inc. [Member]
Common stock issued	$ 8,557
Cash payments to common stockholders	5,724
Preferred shares assumed and redeemed at par	1,564
Fair value of stock options assumed - paid out in cash	439
Total consideration paid	$ 16,284
Common stock issued	508,910

BUSINESS COMBINATIONS (Details

BUSINESS COMBINATIONS (Details 2) - USD ($) $ in Thousands		Mar. 31, 2017	Mar. 18, 2017		Dec. 31, 2016	Jun. 11, 2016
Assets
Loans receivable		$ 303,200			$ 119,400
Liabilities
Goodwill		$ 37,287			$ 4,266
Greer Bancshares [Member]
Assets
Cash and cash equivalents			$ 42,187
Securities			121,374
Loans receivable			205,209
Loans held for sale			105
Allowance for loan losses			(3,198)
Premises and equipment			3,928
Foreclosed assets			42
Core deposit intangible
Deferred tax asset			3,831
Other assets			11,367
Total assets acquired			384,845
Liabilities
Deposits			310,866
Long-term debt			43,712
Accrued expenses and other liabilities			7,086
Total liabilities assumed			361,664
Fair Value Adjustments [Member]
Assets
Cash and cash equivalents
Securities						(59)	[1]
Loans receivable			(10,559)	[2]		(4,111)	[3]
Loans held for sale
Allowance for loan losses			3,198	[4]		1,112	[5]
Premises and equipment			4,202	[6]		38	[7]
Foreclosed assets						(250)	[8]
Core deposit intangible			4,480	[9]		1,104	[10]
Deferred tax asset	[11]		(1,434)			915
Other assets			(241)	[12]		(152)	[13]
Total assets acquired			(354)			(1,403)
Liabilities
Deposits			200	[14]		98	[15]
Long-term debt	[14]		(3,510)
Accrued expenses and other liabilities	[16]		512
Borrowings
Other liabilities
Total liabilities assumed			(2,798)			98
As Recorded by the Company [Member]
Assets
Cash and cash equivalents			42,187			11,394
Securities			121,374			9,394
Loans receivable			194,650			74,601
Loans held for sale			105
Allowance for loan losses
Premises and equipment			8,130			2,750
Foreclosed assets			42			1,460
Core deposit intangible			4,480			1,104
Deferred tax asset			2,397			2,728
Other assets			11,126			790
Total assets acquired			384,491			104,221
Liabilities
Deposits			311,066			89,325
Long-term debt			40,202
Accrued expenses and other liabilities			7,598
Borrowings						2,500
Other liabilities						378
Total liabilities assumed			358,866			92,203
Net assets acquired			25,625			12,018
Total consideration paid			58,645			16,284
Goodwill			$ 33,020			4,266
Congaree Bancshares, Inc. [Member]
Assets
Cash and cash equivalents						11,394
Securities						9,453
Loans receivable						78,712
Allowance for loan losses						(1,112)
Premises and equipment						2,712
Foreclosed assets						1,710
Core deposit intangible
Deferred tax asset						1,813
Other assets						942
Total assets acquired						105,624
Liabilities
Deposits						89,227
Borrowings						2,500
Other liabilities						378
Total liabilities assumed						$ 92,105
[1]	Adjustment reflects opening fair value of securities portfolio, which was established as the new book basis of the portfolio.
[2]	Adjustment reflects the fair value adjustment based on the Company's third party valuation report.
[3]	Adjustment reflects the fair value adjustment based on the Company's third party valuation report.
[4]	Adjustment reflects the elimination of Greer's historical allowance for loan losses.
[5]	Adjustment reflects the elimination of Congaree's historical allowance for loan losses.
[6]	Adjustment reflects fair value adjustments on acquired branch and administrative offices based on third party appraisals.
[7]	Adjustment reflects fair value adjustments on acquired branch and administrative offices.
[8]	Adjustment reflects the fair value adjustment based on the Company's evaluation of the foreclosed assets
[9]	Adjustment reflects the fair value adjustment to record the estimated core deposit intangible based on the Company's third party valuation report.
[10]	Adjustment reflects the fair value adjustment to record the estimated core deposit intangible based on the Company's third party valuation report.
[11]	Adjustment reflects the tax impact of acquisition accounting fair value adjustments.
[12]	Adjustment reflects the fair value adjustment based on the Company's evaluation of acquired other assets.
[13]	Adjustment reflects the fair value adjustment based on the Company's evaluation of acquired other assets.
[14]	Adjustments reflects the fair value adjustment based on Company's third party valuation report.
[15]	Adjustment reflects the fair value adjustment based on the Company's third party evaluation report on deposits assumed.
[16]	Adjustment reflects the fair value adjustment based on the Company's evaluation of acquired other liabilities.

BUSINESS COMBINATIONS (Detail31

BUSINESS COMBINATIONS (Details 3) - USD ($) $ / shares in Units, $ in Thousands		3 Months Ended
		Mar. 31, 2017	Mar. 31, 2016
Net interest income		$ 15,270	$ 11,273
Net income		$ 4,904	$ 3,643
Weighted average shares outstanding
Basic		13,919,711	11,746,574
Diluted		14,139,241	11,978,801
Earnings per common share:
Basic		$ 0.35	$ 0.31
Diluted		$ 0.35	$ 0.3
Supplemental Pro Forma Information [Member]
Net interest income		$ 17,899	$ 14,287
Net income	[1]	$ 6,048	$ 4,673
Weighted average shares outstanding
Basic	[2]	15,704,542	13,531,405
Diluted	[2]	15,924,072	13,763,632
Earnings per common share:
Basic		$ 0.39	$ 0.35
Diluted		$ 0.38	$ 0.34
[1]	Supplemental pro forma net income includes the impact of certain fair value adjustments. Supplemental pro forma net income does not include assumptions on cost saves or impact of merger related expenses.
[2]	Weighted average shares outstanding include the full effect of the common stock issued in connection with the Greer acquisition as of the earliest reporting date.

BUSINESS COMBINATIONS (Detail32

BUSINESS COMBINATIONS (Details 4) - Greer Bancshares [Member] $ in Thousands	Mar. 18, 2017USD ($)
Contractual principal and interest at acquisition	$ 37,683
Nonaccretable difference	7,248
Expected cash flows at acquisition	30,434
Accretable yield	4,995
Basis in PCI loans at acquisition - estimated fair value	$ 25,439

SECURITIES (Details)

SECURITIES (Details) - USD ($) $ in Thousands	Mar. 31, 2017	Dec. 31, 2016
Available For Sale
Amortized Cost	$ 493,678	$ 338,214
Unrealized Gains	5,712	3,594
Unrealized Losses	(5,260)	(6,456)
Securities available for sale	494,130	335,352
Municipal securities [Member]
Available For Sale
Amortized Cost	148,946	92,792
Unrealized Gains	2,570	1,475
Unrealized Losses	(660)	(1,055)
Securities available for sale	150,856	93,212
US government agencies [Member]
Available For Sale
Amortized Cost	35,406	3,438
Unrealized Gains	332
Unrealized Losses	(38)	(52)
Securities available for sale	35,700	3,386
Collateralized loan obligations [Member]
Available For Sale
Amortized Cost	84,212	76,202
Unrealized Gains	188	138
Unrealized Losses	(63)	(91)
Securities available for sale	84,337	76,249
Corporate securities [Member]
Available For Sale
Amortized Cost	474	474
Unrealized Gains	15	17
Unrealized Losses
Securities available for sale	489	491
Mortgage-backed securities Agency [Member]
Available For Sale
Amortized Cost	144,592	90,477
Unrealized Gains	1,304	995
Unrealized Losses	(587)	(486)
Securities available for sale	145,309	90,986
Mortgage-backed securities Non-agency [Member]
Available For Sale
Amortized Cost	68,844	63,628
Unrealized Gains	431	424
Unrealized Losses	(257)	(188)
Securities available for sale	69,018	63,864
Total mortgage-backed securities [Member]
Available For Sale
Amortized Cost	213,436	154,105
Unrealized Gains	1,735	1,419
Unrealized Losses	(844)	(674)
Securities available for sale	214,327	154,850
Asset-backed securities [Member]
Available For Sale
Amortized Cost	11,204	11,203
Unrealized Gains	872	545
Unrealized Losses	(3,655)	(4,584)
Securities available for sale	$ 8,421	$ 7,164

SECURITIES (Details 2)

SECURITIES (Details 2) - USD ($) $ in Thousands	Mar. 31, 2017	Dec. 31, 2016
Investment securities, Amortized Cost
Less than one year	$ 302
One to five years	3,667
Six to ten years	88,515
After ten years	401,194
Total	493,678	$ 338,214
Investment securities, Fair Value
Less than one year	302
One to five years	3,684
Six to ten years	88,805
After ten years	401,339
Securities available for sale	$ 494,130	$ 335,352

SECURITIES (Details 3)

SECURITIES (Details 3) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016
Gross realized gains and losses, Available-for-sale
Proceeds	$ 37,697	$ 34,478
Realized gains	373	534
Realized losses	(188)	(117)
Total investment securities gains, net	$ 185	$ 417

SECURITIES (Details 4)

SECURITIES (Details 4) - USD ($) $ in Thousands	Mar. 31, 2017	Dec. 31, 2016
Available For Sale Securities
Less than 12 Months, Amortized Cost	$ 137,029	$ 104,751
Less than 12 Months, Fair Value	135,645	102,870
Less than 12 Months, Unrealized Losses	(1,384)	(1,881)
Greater than 12 Months, Amortized Cost	36,387	36,093
Greater than 12 Months, Fair Value	32,511	31,518
Greater than 12 Months, Unrealized Losses	(3,876)	(4,575)
Total, Amortized Cost	173,416	140,844
Total, Fair Value	168,156	134,388
Total, Unrealized Losses	(5,260)	(6,456)
Municipal securities [Member]
Available For Sale Securities
Less than 12 Months, Amortized Cost	37,685	40,479
Less than 12 Months, Fair Value	37,025	39,424
Less than 12 Months, Unrealized Losses	(660)	(1,055)
Greater than 12 Months, Amortized Cost
Greater than 12 Months, Fair Value
Greater than 12 Months, Unrealized Losses
Total, Amortized Cost	37,685	40,479
Total, Fair Value	37,025	39,424
Total, Unrealized Losses	(660)	(1,055)
US government agencies [Member]
Available For Sale Securities
Less than 12 Months, Amortized Cost	7,129	3,438
Less than 12 Months, Fair Value	7,091	3,386
Less than 12 Months, Unrealized Losses	(38)	(52)
Greater than 12 Months, Amortized Cost
Greater than 12 Months, Fair Value
Greater than 12 Months, Unrealized Losses
Total, Amortized Cost	7,129	3,438
Total, Fair Value	7,091	3,386
Total, Unrealized Losses	(38)	(52)
Collateralized loan obligations [Member]
Available For Sale Securities
Less than 12 Months, Amortized Cost	19,500	16,792
Less than 12 Months, Fair Value	19,468	16,748
Less than 12 Months, Unrealized Losses	(32)	(44)
Greater than 12 Months, Amortized Cost	8,500	8,500
Greater than 12 Months, Fair Value	8,469	8,453
Greater than 12 Months, Unrealized Losses	(31)	(47)
Total, Amortized Cost	28,000	25,292
Total, Fair Value	27,937	25,201
Total, Unrealized Losses	(63)	(91)
Mortgage-backed securities Agency [Member]
Available For Sale Securities
Less than 12 Months, Amortized Cost	62,055	33,323
Less than 12 Months, Fair Value	61,586	32,960
Less than 12 Months, Unrealized Losses	(469)	(363)
Greater than 12 Months, Amortized Cost	9,672	10,125
Greater than 12 Months, Fair Value	9,554	10,002
Greater than 12 Months, Unrealized Losses	(118)	(123)
Total, Amortized Cost	71,727	43,448
Total, Fair Value	71,140	42,962
Total, Unrealized Losses	(587)	(486)
Mortgage-backed securities Non-agency [Member]
Available For Sale Securities
Less than 12 Months, Amortized Cost	10,660	9,357
Less than 12 Months, Fair Value	10,475	9,240
Less than 12 Months, Unrealized Losses	(185)	(117)
Greater than 12 Months, Amortized Cost	8,214	8,801
Greater than 12 Months, Fair Value	8,142	8,730
Greater than 12 Months, Unrealized Losses	(72)	(71)
Total, Amortized Cost	18,874	18,158
Total, Fair Value	18,617	17,970
Total, Unrealized Losses	(257)	(188)
Total mortgage-backed securities [Member]
Available For Sale Securities
Less than 12 Months, Amortized Cost	72,715	42,680
Less than 12 Months, Fair Value	72,061	42,200
Less than 12 Months, Unrealized Losses	(654)	(480)
Greater than 12 Months, Amortized Cost	17,886	18,926
Greater than 12 Months, Fair Value	17,696	18,732
Greater than 12 Months, Unrealized Losses	(190)	(194)
Total, Amortized Cost	90,601	61,606
Total, Fair Value	89,757	60,932
Total, Unrealized Losses	(844)	(674)
Asset-backed securities [Member]
Available For Sale Securities
Less than 12 Months, Amortized Cost		1,362
Less than 12 Months, Fair Value		1,112
Less than 12 Months, Unrealized Losses		(250)
Greater than 12 Months, Amortized Cost	10,001	8,667
Greater than 12 Months, Fair Value	6,346	4,333
Greater than 12 Months, Unrealized Losses	(3,655)	(4,334)
Total, Amortized Cost	10,001	10,029
Total, Fair Value	6,346	5,445
Total, Unrealized Losses	$ (3,655)	$ (4,584)

SECURITIES (Details Narrative)

SECURITIES (Details Narrative) $ in Thousands	6 Months Ended
	Jun. 30, 2016USD ($)	Mar. 31, 2017USD ($)Item	Dec. 31, 2016Item
Securities Details 2
Available for Sale Securities pledged for FHLB advances		$ 14,900
Available for Sale Securities pledged to secure public agency funds		$ 77,600
Available-for-sale, Securities in Unrealized Loss Positions, Number of Positions | Item		96	81
Securities were moved to Available-For-Sale resulting change in Accumulated Other Comprehensive Income	$ 655

DERIVATIVES (Details)

DERIVATIVES (Details) - Designated as Hedging Instrument [Member] - USD ($) $ in Thousands	Mar. 31, 2017	Dec. 31, 2016
Asset derivatives, Fair value	$ 3,226	$ 2,219
Notional Value, Assets	217,262	261,440
Liability derivatives, Fair value	682	342
Notional Value, Liability	106,000	32,784
Interest rate swaps [Member]
Asset derivatives, Fair value	552	532
Notional Value, Assets	20,000	20,000
Liability derivatives, Fair value	234	195
Notional Value, Liability	10,000	10,000
Interest rate swaps [Member] | Cash Flow Hedging [Member]
Asset derivatives, Fair value	559	421
Notional Value, Assets	45,000	30,000
Mortgage loan interest rate lock commitments [Member]
Asset derivatives, Fair value	1,827	1,113
Notional Value, Assets	136,592	117,439
Mortgage loan forward sales commitments [Member]
Asset derivatives, Fair value	288	153
Notional Value, Assets	15,670	94,001
Liability derivatives, Fair value
Notional Value, Liability
Mortgage-backed securities forward sales commitments [Member]
Asset derivatives, Fair value
Notional Value, Assets
Liability derivatives, Fair value	448	147
Notional Value, Liability	$ 96,000	$ 22,784

LOANS RECEIVABLE, NET (Details)

LOANS RECEIVABLE, NET (Details) - USD ($) $ in Thousands	Mar. 31, 2017	Dec. 31, 2016	Mar. 31, 2016	Dec. 31, 2015
Total gross loans receivable	$ 1,417,010	$ 1,178,266
Percentage of Total Loan	100.00%	100.00%
Allowance for loan losses	$ 10,715	$ 10,688	$ 10,233	$ 10,141
Total loans receivable, net	1,406,295	1,167,578
Consumer loans [Member]
Total gross loans receivable	$ 10,411	$ 5,714
Percentage of Total Loan	0.73%	0.48%
Allowance for loan losses	$ 110	$ 80	29	27
Commercial business loans [Member]
Total gross loans receivable	$ 190,384	$ 164,101
Percentage of Total Loan	13.44%	13.93%
Allowance for loan losses	$ 2,498	$ 2,805	2,193	2,100
Mortgage Receivables [Member] | One-to-four family [Member]
Total gross loans receivable	$ 472,764	$ 411,399
Percentage of Total Loan	33.36%	34.91%
Allowance for loan losses	$ 2,506	$ 2,636	2,863	2,903
Mortgage Receivables [Member] | Home equity [Member]
Total gross loans receivable	$ 52,298	$ 36,026
Percentage of Total Loan	3.69%	3.06%
Allowance for loan losses	$ 236	$ 197	152	151
Mortgage Receivables [Member] | Commercial real estate [Member]
Total gross loans receivable	$ 540,415	$ 445,344
Percentage of Total Loan	38.14%	37.80%
Allowance for loan losses	$ 3,613	$ 3,344	3,365	3,402
Mortgage Receivables [Member] | Construction and development [Member]
Total gross loans receivable	$ 150,738	$ 115,682
Percentage of Total Loan	10.64%	9.82%
Allowance for loan losses	$ 943	$ 1,132	$ 1,231	$ 1,138

LOANS RECEIVABLE, NET (Details

LOANS RECEIVABLE, NET (Details 2) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016	Dec. 31, 2016
Loans Receivable Net Details 2
Accretable yield, beginning of period
Additions	4,995
Accretion	372
Reclassification from nonaccretable balance, net
Other changes, net
Accretable yield, end of period	4,893
Variable rate loans	$ 535,935		$ 455,589
Variable rate loans (as a percentage)	37.82%		38.67%
Fixed rate loans	$ 881,075		$ 722,677
Fixed rate loans (as a percentage)	62.18%		61.33%
Total loans outstanding	$ 1,417,010	$ 1,178,266	$ 1,178,266
Total loans outstanding (as a percentage)	100.00%		100.00%

LOANS RECEIVABLE, NET (Detail41

LOANS RECEIVABLE, NET (Details 3) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016
Allowance for Loan and Lease Losses [Roll Forward]
Beginning Balance	$ 10,688	$ 10,141
Provision for Loan Losses
Charge-Offs	(26)	(2)
Recoveries	53	94
Ending Balance	10,715	10,233
Consumer loans [Member]
Allowance for Loan and Lease Losses [Roll Forward]
Beginning Balance	80	27
Provision for Loan Losses	35	(2)
Charge-Offs	(9)	(2)
Recoveries	4	6
Ending Balance	110	29
Commercial business loans [Member]
Allowance for Loan and Lease Losses [Roll Forward]
Beginning Balance	2,805	2,100
Provision for Loan Losses	(329)	66
Charge-Offs
Recoveries	22	27
Ending Balance	2,498	2,193
Unallocated [Member]
Allowance for Loan and Lease Losses [Roll Forward]
Beginning Balance	494	420
Provision for Loan Losses	315	(20)
Charge-Offs
Recoveries
Ending Balance	809	400
Mortgage Receivables [Member]
Allowance for Loan and Lease Losses [Roll Forward]
Provision for Loan Losses	(58)
Charge-Offs
Recoveries
Mortgage Receivables [Member] | One-to-four family [Member]
Allowance for Loan and Lease Losses [Roll Forward]
Beginning Balance	2,636	2,903
Provision for Loan Losses	(114)	(98)
Charge-Offs	(17)
Recoveries	1	58
Ending Balance	2,506	2,863
Mortgage Receivables [Member] | Home equity [Member]
Allowance for Loan and Lease Losses [Roll Forward]
Beginning Balance	197	151
Provision for Loan Losses	39	1
Charge-Offs
Recoveries
Ending Balance	236	152
Mortgage Receivables [Member] | Construction and development [Member]
Allowance for Loan and Lease Losses [Roll Forward]
Beginning Balance	1,132	1,138
Provision for Loan Losses	(190)	90
Charge-Offs
Recoveries	1	3
Ending Balance	943	1,231
Mortgage Receivables [Member] | Commercial real estate [Member]
Allowance for Loan and Lease Losses [Roll Forward]
Beginning Balance	3,344	3,402
Provision for Loan Losses		(37)
Charge-Offs
Recoveries
Ending Balance	$ 3,613	$ 3,365

LOANS RECEIVABLE, NET (Detail42

LOANS RECEIVABLE, NET (Details 4) - USD ($) $ in Thousands	Mar. 31, 2017	Dec. 31, 2016	Mar. 31, 2016
Allowance for loan losses ending balances:
Loans Individually Evaluated for Impairment	$ 168		$ 157
Loans Collectively Evaluated for Impairment	10,547		10,531
Ending Balance	10,715		10,688
Loans receivable ending balances:
Individually Evaluated for Impairment	11,386		10,821
Collectively Evaluated for Impairment	1,380,317		1,167,445
Purchased Credit-Impaired Loans	25,307
Total	1,417,010	$ 1,178,266	1,178,266
Consumer loans [Member]
Allowance for loan losses ending balances:
Loans Individually Evaluated for Impairment
Loans Collectively Evaluated for Impairment	110		80
Ending Balance	110		80
Loans receivable ending balances:
Individually Evaluated for Impairment	19		24
Collectively Evaluated for Impairment	10,336		5,690
Purchased Credit-Impaired Loans	56
Total	10,411	5,714	5,714
Commercial business loans [Member]
Allowance for loan losses ending balances:
Loans Individually Evaluated for Impairment	23		9
Loans Collectively Evaluated for Impairment	2,475		2,796
Ending Balance	2,498		2,805
Loans receivable ending balances:
Individually Evaluated for Impairment	247		267
Collectively Evaluated for Impairment	188,450		163,834
Purchased Credit-Impaired Loans	1,687
Total	190,384	164,101	164,101
Unallocated [Member]
Allowance for loan losses ending balances:
Loans Individually Evaluated for Impairment
Loans Collectively Evaluated for Impairment	809		494
Ending Balance	809		494
Loans receivable ending balances:
Individually Evaluated for Impairment
Collectively Evaluated for Impairment
Purchased Credit-Impaired Loans
Total
Mortgage Receivables [Member] | One-to-four family [Member]
Allowance for loan losses ending balances:
Loans Individually Evaluated for Impairment	43		27
Loans Collectively Evaluated for Impairment	2,463		2,609
Ending Balance	2,506		2,636
Loans receivable ending balances:
Individually Evaluated for Impairment	4,460		4,668
Collectively Evaluated for Impairment	461,515		406,731
Purchased Credit-Impaired Loans	6,789
Total	472,764	411,399	411,399
Mortgage Receivables [Member] | Home equity [Member]
Allowance for loan losses ending balances:
Loans Individually Evaluated for Impairment	54		29
Loans Collectively Evaluated for Impairment	182		168
Ending Balance	236		197
Loans receivable ending balances:
Individually Evaluated for Impairment	1,114		108
Collectively Evaluated for Impairment	50,884		35,918
Purchased Credit-Impaired Loans	300
Total	52,298	36,026	36,026
Mortgage Receivables [Member] | Commercial real estate [Member]
Allowance for loan losses ending balances:
Loans Individually Evaluated for Impairment	48		92
Loans Collectively Evaluated for Impairment	3,565		3,252
Ending Balance	3,613		3,344
Loans receivable ending balances:
Individually Evaluated for Impairment	5,055		5,247
Collectively Evaluated for Impairment	523,626		440,097
Purchased Credit-Impaired Loans	11,734
Total	540,415	445,344	445,344
Mortgage Receivables [Member] | Construction and development [Member]
Allowance for loan losses ending balances:
Loans Individually Evaluated for Impairment
Loans Collectively Evaluated for Impairment	943		1,132
Ending Balance	943		1,132
Loans receivable ending balances:
Individually Evaluated for Impairment	491		507
Collectively Evaluated for Impairment	145,506		115,175
Purchased Credit-Impaired Loans	4,741
Total	$ 150,738	$ 115,682	$ 115,682

LOANS RECEIVABLE, NET (Detail43

LOANS RECEIVABLE, NET (Details 5) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016	Dec. 31, 2016
Impaired Financing Receivable, Recorded Investment [Abstract]
Impaired Financing Receivable, with No Related Allowance, Recorded Investment	$ 9,259		$ 8,925
Impaired Financing Receivable, with Related Allowance, Recorded Investment	2,127		1,896
Impaired Financing Receivable, Recorded Investment	11,386		10,821
Impaired Financing Receivable, Unpaid Principal Balance [Abstract]
Impaired Financing Receivable, with No Related Allowance, Unpaid Principal Balance	9,500		9,166
Impaired Financing Receivable, with Related Allowance, Unpaid Principal Balance	2,127		1,896
Impaired Financing Receivable, Unpaid Principal Balance	11,627		11,062
Impaired Financing Receivable, Related Allowance	168		157
Impaired Financing Receivable, Average Recorded Investment [Abstract]
Impaired Financing Receivable, with No Related Allowance, Average Recorded Investment	8,987	$ 14,237
Impaired Financing Receivable, with Related Allowance, Average Recorded Investment	2,025	2,862
Impaired Financing Receivable, Average Recorded Investment	11,012	17,099
Impaired Financing Receivable, Interest Income, Accrual Method [Abstract]
Impaired Financing Receivable, with No Related Allowance, Interest Income, Accrual Method	193	147
Impaired Financing Receivable, with Related Allowance, Interest Income, Accrual Method	76	4
Impaired Financing Receivable, Interest Income, Accrual Method	269	151
Consumer loans [Member]
Impaired Financing Receivable, Recorded Investment [Abstract]
Impaired Financing Receivable, with No Related Allowance, Recorded Investment	19		24
Impaired Financing Receivable, with Related Allowance, Recorded Investment
Impaired Financing Receivable, Recorded Investment	19		24
Impaired Financing Receivable, Unpaid Principal Balance [Abstract]
Impaired Financing Receivable, with No Related Allowance, Unpaid Principal Balance	19		24
Impaired Financing Receivable, with Related Allowance, Unpaid Principal Balance
Impaired Financing Receivable, Unpaid Principal Balance	19		24
Impaired Financing Receivable, Related Allowance
Impaired Financing Receivable, Average Recorded Investment [Abstract]
Impaired Financing Receivable, with No Related Allowance, Average Recorded Investment	20	65
Impaired Financing Receivable, with Related Allowance, Average Recorded Investment
Impaired Financing Receivable, Average Recorded Investment	20	65
Impaired Financing Receivable, Interest Income, Accrual Method [Abstract]
Impaired Financing Receivable, with No Related Allowance, Interest Income, Accrual Method	1	(4)
Impaired Financing Receivable, with Related Allowance, Interest Income, Accrual Method
Impaired Financing Receivable, Interest Income, Accrual Method	1	(4)
Commercial business loans [Member]
Impaired Financing Receivable, Recorded Investment [Abstract]
Impaired Financing Receivable, with No Related Allowance, Recorded Investment	36		258
Impaired Financing Receivable, with Related Allowance, Recorded Investment	211		9
Impaired Financing Receivable, Recorded Investment	247		267
Impaired Financing Receivable, Unpaid Principal Balance [Abstract]
Impaired Financing Receivable, with No Related Allowance, Unpaid Principal Balance	37		258
Impaired Financing Receivable, with Related Allowance, Unpaid Principal Balance	211		9
Impaired Financing Receivable, Unpaid Principal Balance	248		267
Impaired Financing Receivable, Related Allowance	23		9
Impaired Financing Receivable, Average Recorded Investment [Abstract]
Impaired Financing Receivable, with No Related Allowance, Average Recorded Investment	38	318
Impaired Financing Receivable, with Related Allowance, Average Recorded Investment	217	198
Impaired Financing Receivable, Average Recorded Investment	255	516
Impaired Financing Receivable, Interest Income, Accrual Method [Abstract]
Impaired Financing Receivable, with No Related Allowance, Interest Income, Accrual Method	17	4
Impaired Financing Receivable, with Related Allowance, Interest Income, Accrual Method	6	(1)
Impaired Financing Receivable, Interest Income, Accrual Method	23	3
Mortgage Receivables [Member]
Impaired Financing Receivable, Average Recorded Investment [Abstract]
Impaired Financing Receivable, with No Related Allowance, Average Recorded Investment	4,070
Impaired Financing Receivable, with Related Allowance, Average Recorded Investment	1,019
Impaired Financing Receivable, Average Recorded Investment	5,089
Impaired Financing Receivable, Interest Income, Accrual Method [Abstract]
Impaired Financing Receivable, with No Related Allowance, Interest Income, Accrual Method	136
Impaired Financing Receivable, with Related Allowance, Interest Income, Accrual Method	66
Impaired Financing Receivable, Interest Income, Accrual Method	202
Mortgage Receivables [Member] | One-to-four family [Member]
Impaired Financing Receivable, Recorded Investment [Abstract]
Impaired Financing Receivable, with No Related Allowance, Recorded Investment	3,833		4,125
Impaired Financing Receivable, with Related Allowance, Recorded Investment	627		543
Impaired Financing Receivable, Recorded Investment	4,460		4,668
Impaired Financing Receivable, Unpaid Principal Balance [Abstract]
Impaired Financing Receivable, with No Related Allowance, Unpaid Principal Balance	4,073		4,366
Impaired Financing Receivable, with Related Allowance, Unpaid Principal Balance	627		543
Impaired Financing Receivable, Unpaid Principal Balance	4,700		4,909
Impaired Financing Receivable, Related Allowance	43		27
Impaired Financing Receivable, Average Recorded Investment [Abstract]
Impaired Financing Receivable, with No Related Allowance, Average Recorded Investment	3,827	3,076
Impaired Financing Receivable, with Related Allowance, Average Recorded Investment	597	518
Impaired Financing Receivable, Average Recorded Investment	4,424	3,594
Impaired Financing Receivable, Interest Income, Accrual Method [Abstract]
Impaired Financing Receivable, with No Related Allowance, Interest Income, Accrual Method	36	11
Impaired Financing Receivable, with Related Allowance, Interest Income, Accrual Method	3	5
Impaired Financing Receivable, Interest Income, Accrual Method	39	16
Mortgage Receivables [Member] | Home equity [Member]
Impaired Financing Receivable, Recorded Investment [Abstract]
Impaired Financing Receivable, with No Related Allowance, Recorded Investment	839
Impaired Financing Receivable, with Related Allowance, Recorded Investment	275		108
Impaired Financing Receivable, Recorded Investment	1,114		108
Impaired Financing Receivable, Unpaid Principal Balance [Abstract]
Impaired Financing Receivable, with No Related Allowance, Unpaid Principal Balance	839
Impaired Financing Receivable, with Related Allowance, Unpaid Principal Balance	275		108
Impaired Financing Receivable, Unpaid Principal Balance	1,114		108
Impaired Financing Receivable, Related Allowance	54		29
Impaired Financing Receivable, Average Recorded Investment [Abstract]
Impaired Financing Receivable, with No Related Allowance, Average Recorded Investment	541
Impaired Financing Receivable, with Related Allowance, Average Recorded Investment	192
Impaired Financing Receivable, Average Recorded Investment	733
Impaired Financing Receivable, Interest Income, Accrual Method [Abstract]
Impaired Financing Receivable, with No Related Allowance, Interest Income, Accrual Method	3
Impaired Financing Receivable, with Related Allowance, Interest Income, Accrual Method	1
Impaired Financing Receivable, Interest Income, Accrual Method	4
Mortgage Receivables [Member] | Commercial real estate [Member]
Impaired Financing Receivable, Recorded Investment [Abstract]
Impaired Financing Receivable, with No Related Allowance, Recorded Investment	4,041		4,011
Impaired Financing Receivable, with Related Allowance, Recorded Investment	1,014		1,236
Impaired Financing Receivable, Recorded Investment	5,055		5,247
Impaired Financing Receivable, Unpaid Principal Balance [Abstract]
Impaired Financing Receivable, with No Related Allowance, Unpaid Principal Balance	4,041		4,011
Impaired Financing Receivable, with Related Allowance, Unpaid Principal Balance	1,014		1,236
Impaired Financing Receivable, Unpaid Principal Balance	5,055		5,247
Impaired Financing Receivable, Related Allowance	48		92
Impaired Financing Receivable, Average Recorded Investment [Abstract]
Impaired Financing Receivable, with No Related Allowance, Average Recorded Investment		10,753
Impaired Financing Receivable, with Related Allowance, Average Recorded Investment		1,671
Impaired Financing Receivable, Average Recorded Investment		12,424
Impaired Financing Receivable, Interest Income, Accrual Method [Abstract]
Impaired Financing Receivable, with No Related Allowance, Interest Income, Accrual Method		136
Impaired Financing Receivable, with Related Allowance, Interest Income, Accrual Method
Impaired Financing Receivable, Interest Income, Accrual Method		136
Mortgage Receivables [Member] | Construction and development [Member]
Impaired Financing Receivable, Recorded Investment [Abstract]
Impaired Financing Receivable, with No Related Allowance, Recorded Investment	491		507
Impaired Financing Receivable, with Related Allowance, Recorded Investment
Impaired Financing Receivable, Recorded Investment	491		507
Impaired Financing Receivable, Unpaid Principal Balance [Abstract]
Impaired Financing Receivable, with No Related Allowance, Unpaid Principal Balance	491		507
Impaired Financing Receivable, with Related Allowance, Unpaid Principal Balance
Impaired Financing Receivable, Unpaid Principal Balance	491		507
Impaired Financing Receivable, Related Allowance
Impaired Financing Receivable, Average Recorded Investment [Abstract]
Impaired Financing Receivable, with No Related Allowance, Average Recorded Investment	491	25
Impaired Financing Receivable, with Related Allowance, Average Recorded Investment		475
Impaired Financing Receivable, Average Recorded Investment	491	500
Impaired Financing Receivable, Interest Income, Accrual Method [Abstract]
Impaired Financing Receivable, with No Related Allowance, Interest Income, Accrual Method
Impaired Financing Receivable, with Related Allowance, Interest Income, Accrual Method
Impaired Financing Receivable, Interest Income, Accrual Method

LOANS RECEIVABLE, NET (Detail44

LOANS RECEIVABLE, NET (Details 6) - USD ($) $ in Thousands	Mar. 31, 2017	Dec. 31, 2016	Mar. 31, 2016
Aging of the recorded investment in past due loans by class of loans
30-59 days past due	$ 3,359	$ 4,702
60-89 days past due	40	1,135
90 days or more past due	5,150	4,161
Total Past Due	8,549	9,998
Current	1,408,461	1,168,268
Total loans receivable	1,417,010	1,178,266	$ 1,178,266
Nonaccrual	5,931	5,625
Consumer loans [Member]
Aging of the recorded investment in past due loans by class of loans
30-59 days past due	181	55
60-89 days past due		3
90 days or more past due	6	26
Total Past Due	187	84
Current	10,224	5,630
Total loans receivable	10,411	5,714	5,714
Nonaccrual	7	27
Commercial business loans [Member]
Aging of the recorded investment in past due loans by class of loans
30-59 days past due	11	136
60-89 days past due
90 days or more past due	623	16
Total Past Due	634	152
Current	189,750	163,949
Total loans receivable	190,384	164,101	164,101
Nonaccrual	17	24
Mortgage Receivables [Member] | One-to-four family [Member]
Aging of the recorded investment in past due loans by class of loans
30-59 days past due	1,526	3,864
60-89 days past due	27	635
90 days or more past due	3,123	3,170
Total Past Due	4,676	7,669
Current	468,088	403,730
Total loans receivable	472,764	411,399	411,399
Nonaccrual	3,098	3,256
Mortgage Receivables [Member] | Home equity [Member]
Aging of the recorded investment in past due loans by class of loans
30-59 days past due	15	379
60-89 days past due	13	497
90 days or more past due	772	108
Total Past Due	800	984
Current	51,498	35,042
Total loans receivable	52,298	36,026	36,026
Nonaccrual	772	108
Mortgage Receivables [Member] | Commercial real estate [Member]
Aging of the recorded investment in past due loans by class of loans
30-59 days past due	1,536	206
60-89 days past due
90 days or more past due	135	334
Total Past Due	1,671	540
Current	538,744	444,804
Total loans receivable	540,415	445,344	445,344
Nonaccrual	1,546	1,703
Mortgage Receivables [Member] | Construction and development [Member]
Aging of the recorded investment in past due loans by class of loans
30-59 days past due	90	62
60-89 days past due
90 days or more past due	491	507
Total Past Due	581	569
Current	150,157	115,113
Total loans receivable	150,738	115,682	$ 115,682
Nonaccrual	$ 491	$ 507

LOANS RECEIVABLE, NET (Detail45

LOANS RECEIVABLE, NET (Details 7) - USD ($) $ in Thousands	Mar. 31, 2017	Dec. 31, 2016	Mar. 31, 2016
Total loans receivable	$ 1,417,010	$ 1,178,266	$ 1,178,266
Pass [Member]
Total loans receivable	1,396,573	1,168,507
Special Mention [Member]
Total loans receivable	7,597	4,063
Substandard [Member]
Total loans receivable	12,840	5,696
Consumer loans [Member]
Total loans receivable	10,411	5,714	5,714
Consumer loans [Member] | Pass [Member]
Total loans receivable	10,384	5,683
Consumer loans [Member] | Special Mention [Member]
Total loans receivable	20	19
Consumer loans [Member] | Substandard [Member]
Total loans receivable	7	12
Commercial business loans [Member]
Total loans receivable	190,384	164,101	164,101
Commercial business loans [Member] | Pass [Member]
Total loans receivable	186,113	162,235
Commercial business loans [Member] | Special Mention [Member]
Total loans receivable	2,236	1,849
Commercial business loans [Member] | Substandard [Member]
Total loans receivable	2,035	17
Mortgage Receivables [Member] | One-to-four family [Member]
Total loans receivable	472,764	411,399	411,399
Mortgage Receivables [Member] | One-to-four family [Member] | Pass [Member]
Total loans receivable	466,380	407,612
Mortgage Receivables [Member] | One-to-four family [Member] | Special Mention [Member]
Total loans receivable	1,934	438
Mortgage Receivables [Member] | One-to-four family [Member] | Substandard [Member]
Total loans receivable	4,450	3,349
Mortgage Receivables [Member] | Home equity [Member]
Total loans receivable	52,298	36,026	36,026
Mortgage Receivables [Member] | Home equity [Member] | Pass [Member]
Total loans receivable	50,881	35,903
Mortgage Receivables [Member] | Home equity [Member] | Special Mention [Member]
Total loans receivable	231	15
Mortgage Receivables [Member] | Home equity [Member] | Substandard [Member]
Total loans receivable	1,186	108
Mortgage Receivables [Member] | Commercial real estate [Member]
Total loans receivable	540,415	445,344	445,344
Mortgage Receivables [Member] | Commercial real estate [Member] | Pass [Member]
Total loans receivable	535,087	442,323
Mortgage Receivables [Member] | Commercial real estate [Member] | Special Mention [Member]
Total loans receivable	2,749	1,318
Mortgage Receivables [Member] | Commercial real estate [Member] | Substandard [Member]
Total loans receivable	2,579	1,703
Mortgage Receivables [Member] | Construction and development [Member]
Total loans receivable	150,738	115,682	$ 115,682
Mortgage Receivables [Member] | Construction and development [Member] | Pass [Member]
Total loans receivable	147,728	114,751
Mortgage Receivables [Member] | Construction and development [Member] | Special Mention [Member]
Total loans receivable	427	424
Mortgage Receivables [Member] | Construction and development [Member] | Substandard [Member]
Total loans receivable	$ 2,583	$ 507

LOANS RECEIVABLE, NET (Detail46

LOANS RECEIVABLE, NET (Details 8) - USD ($) $ in Thousands	Mar. 31, 2017	Dec. 31, 2016	Mar. 31, 2016
Total loans receivable	$ 1,417,010	$ 1,178,266	$ 1,178,266
Nonaccrual	5,931	5,625
Performing Financing Receivable [Member]
Total loans receivable	1,411,079	1,172,641
Nonperforming Financing Receivable [Member]
Total loans receivable	5,931	5,625
90 days or more past due
Nonaccrual	5,931	5,625
Consumer loans [Member]
Total loans receivable	10,411	5,714	5,714
Nonaccrual	7	27
Consumer loans [Member] | Performing Financing Receivable [Member]
Total loans receivable	10,404	5,687
Consumer loans [Member] | Nonperforming Financing Receivable [Member]
Total loans receivable	7	27
90 days or more past due
Nonaccrual	7	27
Commercial business loans [Member]
Total loans receivable	190,384	164,101	164,101
Nonaccrual	17	24
Commercial business loans [Member] | Performing Financing Receivable [Member]
Total loans receivable	190,367	164,077
Commercial business loans [Member] | Nonperforming Financing Receivable [Member]
Total loans receivable	17	24
90 days or more past due
Nonaccrual	17	24
Mortgage Receivables [Member] | One-to-four family [Member]
Total loans receivable	472,764	411,399	411,399
Nonaccrual	3,098	3,256
Mortgage Receivables [Member] | One-to-four family [Member] | Performing Financing Receivable [Member]
Total loans receivable	469,666	408,143
Mortgage Receivables [Member] | One-to-four family [Member] | Nonperforming Financing Receivable [Member]
Total loans receivable	3,098	3,256
90 days or more past due
Nonaccrual	3,098	3,256
Mortgage Receivables [Member] | Home equity [Member]
Total loans receivable	52,298	36,026	36,026
Nonaccrual	772	108
Mortgage Receivables [Member] | Home equity [Member] | Performing Financing Receivable [Member]
Total loans receivable	51,526	35,918
Mortgage Receivables [Member] | Home equity [Member] | Nonperforming Financing Receivable [Member]
Total loans receivable	772	108
90 days or more past due
Nonaccrual	772	108
Mortgage Receivables [Member] | Commercial real estate [Member]
Total loans receivable	540,415	445,344	445,344
Nonaccrual	1,546	1,703
Mortgage Receivables [Member] | Commercial real estate [Member] | Performing Financing Receivable [Member]
Total loans receivable	538,869	443,641
Mortgage Receivables [Member] | Commercial real estate [Member] | Nonperforming Financing Receivable [Member]
Total loans receivable	1,546	1,703
90 days or more past due
Nonaccrual	1,546	1,703
Mortgage Receivables [Member] | Construction and development [Member]
Total loans receivable	150,738	115,682	$ 115,682
Nonaccrual	491	507
Mortgage Receivables [Member] | Construction and development [Member] | Performing Financing Receivable [Member]
Total loans receivable	150,247	115,175
Mortgage Receivables [Member] | Construction and development [Member] | Nonperforming Financing Receivable [Member]
Total loans receivable	491	507
90 days or more past due
Nonaccrual	$ 491	$ 507

LOANS RECEIVABLE, NET (Detail47

LOANS RECEIVABLE, NET (Details Narrative) $ in Thousands	3 Months Ended
	Mar. 31, 2017USD ($)Item	Dec. 31, 2016USD ($)
Loans receivable	$ 303,200	$ 119,400
Loans designated as troubled debt restructurings	6,600	6,400
Troubled debt restructurings, still accruing	$ 5,500	$ 5,200
Mortgage Receivables [Member]
Number of Contracts due to modification identified as a TDR | Item	1
Pre-Modification Recorded Investment	$ 342
Post-Modification Recorded Investment	$ 342

REAL ESTATE ACQUIRED THROUGH 48

REAL ESTATE ACQUIRED THROUGH FORECLOSURE (Details) - USD ($) $ in Thousands	3 Months Ended	12 Months Ended
	Mar. 31, 2017	Dec. 31, 2016
Real Estate Acquired Through Foreclosure Details
Balance at beginning of period	$ 1,179	$ 2,374
Additions	323	2,630
Sales	(23)	(3,810)
Write downs		(15)
Balance at end of period	$ 1,479	$ 1,179

REAL ESTATE ACQUIRED THROUGH 49

REAL ESTATE ACQUIRED THROUGH FORECLOSURE (Details 2) - USD ($) $ in Thousands	Mar. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Real Estate Acquired Through Foreclosure	$ 1,479	$ 1,179	$ 2,374
Mortgage Receivables [Member] | One-to-four family [Member]
Real Estate Acquired Through Foreclosure	239
Mortgage Receivables [Member] | Construction and development [Member]
Real Estate Acquired Through Foreclosure	$ 1,240	$ 1,179

DEPOSITS (Details)

DEPOSITS (Details) - USD ($) $ in Thousands	Mar. 31, 2017	Dec. 31, 2016
Deposits Details
Noninterest-bearing demand accounts	$ 298,365	$ 229,905
Interest-bearing demand accounts	309,961	191,851
Savings accounts	66,506	48,648
Money market accounts	363,600	292,639
Certificates of deposit:
Less than $250,000	524,836	467,937
$250,000 or more	44,452	27,280
Total certificates of deposit	569,288	495,217
Total deposits	1,607,720	1,258,260
Brokered certificates of deposit	86,200	98,300
Institutional certificates of deposit	$ 49,900	$ 44,300

ESTIMATED FAIR VALUE OF FINAN51

ESTIMATED FAIR VALUE OF FINANCIAL INSTRUMENTS (Details) - USD ($) $ in Thousands	Mar. 31, 2017	Dec. 31, 2016
Financial assets:
Cash and due from banks	$ 21,456	$ 9,761
Interest-bearing cash	36,582	14,591
Federal funds sold	68,598	24,352
Securities available for sale	494,130	335,352
Federal Home Loan Bank stock	12,478	11,072
Other investments	2,116	1,768
Derivative assets	3,226	2,219
Loans held for sale	21,399	31,569
Loans receivable, net	1,406,295	1,167,578
Accrued interest receivable	6,726	5,373
Mortgage servicing rights	15,792	15,032
Financial liabilities:
Deposits	1,607,720	1,258,260
Short-term borrowed funds	214,500	203,000
Long-term debt	55,304	38,465
Derivative liabilities	682	342
Accrued interest payable	690	327
Fair Value, Inputs, Level 1 [Member]
Financial assets:
Cash and due from banks	21,456	9,761
Interest-bearing cash	36,582	14,591
Federal funds sold	10,560
Securities available for sale
Federal Home Loan Bank stock
Other investments
Derivative assets	1,111	953
Loans held for sale
Loans receivable, net
Accrued interest receivable
Mortgage servicing rights
Financial liabilities:
Deposits
Short-term borrowed funds
Long-term debt
Derivative liabilities	234	195
Accrued interest payable
Fair Value, Inputs, Level 2 [Member]
Financial assets:
Cash and due from banks
Interest-bearing cash
Federal funds sold
Securities available for sale	494,130	335,352
Federal Home Loan Bank stock
Other investments
Derivative assets	2,115	1,266
Loans held for sale	21,399	31,569
Loans receivable, net
Accrued interest receivable	6,726	5,373
Mortgage servicing rights
Financial liabilities:
Deposits	1,605,218	1,256,119
Short-term borrowed funds	213,865	202,455
Long-term debt	55,272	38,442
Derivative liabilities	448	147
Accrued interest payable	690	327
Fair Value, Inputs, Level 3 [Member]
Financial assets:
Cash and due from banks
Interest-bearing cash
Federal funds sold
Securities available for sale
Federal Home Loan Bank stock	12,478	11,072
Other investments	2,116	1,768
Derivative assets
Loans held for sale
Loans receivable, net	1,407,232	1,173,118
Accrued interest receivable
Mortgage servicing rights	21,933	20,961
Financial liabilities:
Deposits
Short-term borrowed funds
Long-term debt
Derivative liabilities
Accrued interest payable
Carrying Amount [Member]
Financial assets:
Cash and due from banks	21,456	9,761
Interest-bearing cash	36,582	14,591
Federal funds sold	10,560
Securities available for sale	494,130	335,352
Federal Home Loan Bank stock	12,478	11,072
Other investments	2,116	1,768
Derivative assets	3,226	2,219
Loans held for sale	21,399	31,569
Loans receivable, net	1,406,295	1,167,578
Accrued interest receivable	6,726	5,373
Mortgage servicing rights	15,792	15,032
Financial liabilities:
Deposits	1,607,720	1,258,260
Short-term borrowed funds	214,500	203,000
Long-term debt	55,304	38,465
Derivative liabilities	682	342
Accrued interest payable	690	327
Fair Value [Member]
Financial assets:
Cash and due from banks	21,456	9,761
Interest-bearing cash	36,582	14,591
Federal funds sold
Securities available for sale	494,130	335,352
Federal Home Loan Bank stock	12,478	11,072
Other investments	2,116	1,768
Derivative assets	3,226	2,219
Loans held for sale	21,399	31,569
Loans receivable, net	1,407,232	1,173,118
Accrued interest receivable	6,726	5,373
Mortgage servicing rights	21,933	20,961
Financial liabilities:
Deposits	1,605,218	1,256,119
Short-term borrowed funds	213,865	202,455
Long-term debt	55,272	38,442
Derivative liabilities	682	342
Accrued interest payable	$ 690	$ 327

ESTIMATED FAIR VALUE OF FINAN52

ESTIMATED FAIR VALUE OF FINANCIAL INSTRUMENTS (Details 2) - USD ($) $ in Thousands	Mar. 31, 2017	Dec. 31, 2016
Commitments to Extend Credit [Member]
Off-Balance Sheet Financial Instruments:
Notional Amount	$ 141,082	$ 111,446
Estimated Fair Value
Standby Letters of Credit [Member]
Off-Balance Sheet Financial Instruments:
Notional Amount	3,521	2,248
Estimated Fair Value

ESTIMATED FAIR VALUE OF FINAN53

ESTIMATED FAIR VALUE OF FINANCIAL INSTRUMENTS (Details 3) - USD ($) $ in Thousands	Mar. 31, 2017	Dec. 31, 2016
Securities available for sale	$ 494,130	$ 335,352
Loans held for sale	21,399	31,569
Derivative Asset	3,226	2,219
Brokered deposits	86,200	98,300
Derivative Liability	682	342
Municipal securities [Member]
Securities available for sale	150,856	93,212
US government agencies [Member]
Securities available for sale	35,700	3,386
Mortgage-backed securities Agency [Member]
Securities available for sale	145,309	90,986
Mortgage-backed securities Non-agency [Member]
Securities available for sale	69,018	63,864
Collateralized loan obligations [Member]
Securities available for sale	84,337	76,249
Corporate securities [Member]
Securities available for sale	489	491
Asset-backed securities [Member]
Securities available for sale	8,421	7,164
Fair Value, Inputs, Level 1 [Member]
Securities available for sale
Loans held for sale
Derivative Asset	1,111	953
Derivative Liability	234	195
Fair Value, Inputs, Level 2 [Member]
Securities available for sale	494,130	335,352
Loans held for sale	21,399	31,569
Derivative Asset	2,115	1,266
Derivative Liability	448	147
Fair Value, Inputs, Level 3 [Member]
Securities available for sale
Loans held for sale
Derivative Asset
Derivative Liability
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 1 [Member]
Loans held for sale
Brokered deposits
Assets and liabilities measured at fair value	1,345	1,148
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 1 [Member] | Mortgage loan interest rate lock commitments [Member]
Securities available for sale
Derivative Asset
Derivative Liability
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 1 [Member] | Mortgage loan forward sales commitments [Member]
Derivative Asset
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 1 [Member] | Mortgage-backed securities forward sales commitments [Member]
Derivative Asset
Derivative Liability
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 1 [Member] | Interest rate swaps [Member]
Loans held for sale	552	532
Derivative Asset	559	421
Assets and liabilities measured at fair value	234	195
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 1 [Member] | Municipal securities [Member]
Securities available for sale
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 1 [Member] | US government agencies [Member]
Securities available for sale
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 1 [Member] | Mortgage-backed securities Agency [Member]
Securities available for sale
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 1 [Member] | Mortgage-backed securities Non-agency [Member]
Securities available for sale
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 1 [Member] | Collateralized loan obligations [Member]
Securities available for sale
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 2 [Member]
Assets and liabilities measured at fair value	515,092	368,334
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 2 [Member] | Mortgage loan interest rate lock commitments [Member]
Derivative Asset	1,827	1,113
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 2 [Member] | Mortgage loan forward sales commitments [Member]
Derivative Asset	288	153
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 2 [Member] | Mortgage-backed securities forward sales commitments [Member]
Derivative Liability	448	147
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 2 [Member] | Interest rate swaps [Member]
Derivative Asset
Derivative Liability
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 2 [Member] | Municipal securities [Member]
Securities available for sale	150,856	93,212
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 2 [Member] | US government agencies [Member]
Securities available for sale	35,700	3,386
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 2 [Member] | Mortgage-backed securities Agency [Member]
Securities available for sale	145,309	90,986
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 2 [Member] | Mortgage-backed securities Non-agency [Member]
Securities available for sale	69,018	63,864
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 2 [Member] | Collateralized loan obligations [Member]
Securities available for sale	84,337	76,249
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 2 [Member] | Corporate securities [Member]
Securities available for sale	489	491
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 2 [Member] | Asset-backed securities [Member]
Securities available for sale	8,421	7,164
Loans held for sale	21,399	31,569
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 3 [Member]
Loans held for sale
Brokered deposits
Assets and liabilities measured at fair value	0	0
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 3 [Member] | Mortgage loan interest rate lock commitments [Member]
Derivative Asset
Derivative Liability
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 3 [Member] | Mortgage loan forward sales commitments [Member]
Derivative Asset
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 3 [Member] | Mortgage-backed securities forward sales commitments [Member]
Derivative Asset
Derivative Liability
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 3 [Member] | Interest rate swaps [Member]
Derivative Asset
Derivative Liability
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 3 [Member] | Municipal securities [Member]
Securities available for sale
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 3 [Member] | US government agencies [Member]
Securities available for sale
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 3 [Member] | Mortgage-backed securities Agency [Member]
Securities available for sale
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 3 [Member] | Mortgage-backed securities Non-agency [Member]
Securities available for sale
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 3 [Member] | Collateralized loan obligations [Member]
Securities available for sale

ESTIMATED FAIR VALUE OF FINAN54

ESTIMATED FAIR VALUE OF FINANCIAL INSTRUMENTS (Details 4) - Nonrecurring basis [Member] - USD ($) $ in Thousands	Mar. 31, 2017	Dec. 31, 2016
Fair Value, Inputs, Level 1 [Member]
Assets measured at fair value on a nonrecurring basis
Fair Value, Inputs, Level 1 [Member] | Commercial real estate [Member]
Assets measured at fair value on a nonrecurring basis
Fair Value, Inputs, Level 1 [Member] | Construction and development [Member]
Assets measured at fair value on a nonrecurring basis
Fair Value, Inputs, Level 1 [Member] | Consumer loans [Member]
Assets measured at fair value on a nonrecurring basis
Fair Value, Inputs, Level 1 [Member] | Commercial business loans [Member]
Assets measured at fair value on a nonrecurring basis
Fair Value, Inputs, Level 1 [Member] | Mortgage Receivables [Member] | One-to-four family [Member]
Assets measured at fair value on a nonrecurring basis
Fair Value, Inputs, Level 1 [Member] | Mortgage Receivables [Member] | Home equity [Member]
Assets measured at fair value on a nonrecurring basis
Fair Value, Inputs, Level 1 [Member] | Mortgage Receivables [Member] | Commercial real estate [Member]
Assets measured at fair value on a nonrecurring basis
Fair Value, Inputs, Level 1 [Member] | Mortgage Receivables [Member] | Construction and development [Member]
Assets measured at fair value on a nonrecurring basis
Fair Value, Inputs, Level 2 [Member]
Assets measured at fair value on a nonrecurring basis
Fair Value, Inputs, Level 2 [Member] | Commercial real estate [Member]
Assets measured at fair value on a nonrecurring basis
Fair Value, Inputs, Level 2 [Member] | Construction and development [Member]
Assets measured at fair value on a nonrecurring basis
Fair Value, Inputs, Level 2 [Member] | Consumer loans [Member]
Assets measured at fair value on a nonrecurring basis
Fair Value, Inputs, Level 2 [Member] | Commercial business loans [Member]
Assets measured at fair value on a nonrecurring basis
Fair Value, Inputs, Level 2 [Member] | Mortgage Receivables [Member] | One-to-four family [Member]
Assets measured at fair value on a nonrecurring basis
Fair Value, Inputs, Level 2 [Member] | Mortgage Receivables [Member] | Home equity [Member]
Assets measured at fair value on a nonrecurring basis
Fair Value, Inputs, Level 2 [Member] | Mortgage Receivables [Member] | Commercial real estate [Member]
Assets measured at fair value on a nonrecurring basis
Fair Value, Inputs, Level 2 [Member] | Mortgage Receivables [Member] | Construction and development [Member]
Assets measured at fair value on a nonrecurring basis
Fair Value, Inputs, Level 3 [Member]
Assets measured at fair value on a nonrecurring basis	34,630	32,804
Fair Value, Inputs, Level 3 [Member] | One-to-four family [Member]
Assets measured at fair value on a nonrecurring basis	239
Fair Value, Inputs, Level 3 [Member] | Commercial real estate [Member]
Assets measured at fair value on a nonrecurring basis	1,240
Fair Value, Inputs, Level 3 [Member] | Construction and development [Member]
Assets measured at fair value on a nonrecurring basis	1,240	1,179
Fair Value, Inputs, Level 3 [Member] | Consumer loans [Member]
Assets measured at fair value on a nonrecurring basis	19	24
Fair Value, Inputs, Level 3 [Member] | Commercial business loans [Member]
Assets measured at fair value on a nonrecurring basis	224	258
Fair Value, Inputs, Level 3 [Member] | Mortgage Servicing Rights [Member]
Assets measured at fair value on a nonrecurring basis	21,933	20,961
Fair Value, Inputs, Level 3 [Member] | Mortgage Receivables [Member] | One-to-four family [Member]
Assets measured at fair value on a nonrecurring basis	4,417	4,641
Fair Value, Inputs, Level 3 [Member] | Mortgage Receivables [Member] | Home equity [Member]
Assets measured at fair value on a nonrecurring basis	1,060	79
Fair Value, Inputs, Level 3 [Member] | Mortgage Receivables [Member] | Commercial real estate [Member]
Assets measured at fair value on a nonrecurring basis	5,007	5,155
Fair Value, Inputs, Level 3 [Member] | Mortgage Receivables [Member] | Construction and development [Member]
Assets measured at fair value on a nonrecurring basis	$ 19	$ 507

ESTIMATED FAIR VALUE OF FINAN55

ESTIMATED FAIR VALUE OF FINANCIAL INSTRUMENTS (Details 5) - Fair Value, Inputs, Level 3 [Member]	3 Months Ended	12 Months Ended
	Mar. 31, 2017	Dec. 31, 2016
Mortgage Servicing Rights [Member]
Valuation Techniques	Discounted cash flows	Discounted cash flows
Significant Unobservable Inputs	Comparable sales	Comparable sales
Minimum [Member] | Mortgage Servicing Rights [Member]
Significant Unobservable Input Range	12.00%	12.00%
Assumptions Used to Estimate Fair Value, Prepayment Speed (As a percent)	7.00%	7.00%
Maximum [Member] | Mortgage Servicing Rights [Member]
Significant Unobservable Input Range	13.00%	13.00%
Assumptions Used to Estimate Fair Value, Prepayment Speed (As a percent)	8.00%	8.00%
Impaired Loans [Member]
Valuation Techniques	Appraisal Value	Appraisal Value
Significant Unobservable Inputs	Appraisals and or sales of comparable properties	Appraisals and or sales of comparable properties
Impaired Loans [Member] | Minimum [Member]
Significant Unobservable Input Range	10.00%	10.00%
Impaired Loans [Member] | Maximum [Member]
Significant Unobservable Input Range	20.00%	20.00%
Real estate owned [Member]
Valuation Techniques	Appraisal Value/ Comparison Sales/ Other estimates	Appraisal Value/ Comparison Sales/ Other estimates
Significant Unobservable Inputs	Appraisals and or sales of comparable properties	Appraisals and or sales of comparable properties
Real estate owned [Member] | Minimum [Member]
Significant Unobservable Input Range	10.00%	10.00%
Real estate owned [Member] | Maximum [Member]
Significant Unobservable Input Range	20.00%	20.00%

EARNINGS PER SHARE (Details)

EARNINGS PER SHARE (Details) - shares	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016
Earnings Per Share Details
Weighted average shares outstanding	13,919,711	11,746,574
Effect of dilutive securities	219,530	232,227
Average shares outstanding	14,139,241	11,978,801

EARNINGS PER SHARE (Details 2)

EARNINGS PER SHARE (Details 2) - shares	Mar. 31, 2017	Dec. 31, 2016	Mar. 31, 2016
Earnings Per Share Details 2
Common stock, shares issued	16,185,408	12,548,328	12,051,615
Common stock, shares outstanding	16,185,408	12,548,328	12,051,615
Less nonvested restricted stock awards	(227,439)		(302,028)
Period end dilutive shares	15,957,969		11,749,587

SUPPLEMENTAL SEGMENT INFORMAT58

SUPPLEMENTAL SEGMENT INFORMATION (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016
Interest income	$ 17,670	$ 13,360
Interest expense	2,400	2,087
Net interest income (expense)	15,270	11,273
(Recovery of) provision for loan losses
Noninterest income (expense) from external customers	7,231	6,276
Intersegment noninterest income
Noninterest expense	15,586	12,268
Intersegment noninterest expense
Income (loss) before income taxes	6,915	5,281
Income tax expense (benefit)	2,011	1,638
Net income (loss)	4,904	3,643
Community Banking [Member]
Interest income	17,257	12,944
Interest expense	2,218	1,939
Net interest income (expense)	15,039	11,005
(Recovery of) provision for loan losses
Noninterest income (expense) from external customers	2,419	2,133
Intersegment noninterest income	242	243
Noninterest expense	11,324	8,429
Intersegment noninterest expense
Income (loss) before income taxes	6,376	4,952
Income tax expense (benefit)	1,867	1,539
Net income (loss)	4,509	3,413
Mortgage Banking [Member]
Interest income	395	369
Interest expense	12	5
Net interest income (expense)	383	364
(Recovery of) provision for loan losses
Noninterest income (expense) from external customers	4,812	4,143
Intersegment noninterest income	34	19
Noninterest expense	4,053	3,680
Intersegment noninterest expense	240	241
Income (loss) before income taxes	936	605
Income tax expense (benefit)	291	204
Net income (loss)	645	401
Other [Member]
Interest income	6	5
Interest expense	182	148
Net interest income (expense)	(176)	(143)
(Recovery of) provision for loan losses
Noninterest income (expense) from external customers
Intersegment noninterest income
Noninterest expense	209	159
Intersegment noninterest expense	2	2
Income (loss) before income taxes	(387)	(304)
Income tax expense (benefit)	(143)	(116)
Net income (loss)	(244)	(188)
Eliminations [Member]
Interest income	12	42
Interest expense	(12)	(5)
Net interest income (expense)	24	47
(Recovery of) provision for loan losses
Noninterest income (expense) from external customers
Intersegment noninterest income	(276)	(262)
Noninterest expense
Intersegment noninterest expense	(242)	(243)
Income (loss) before income taxes	(10)	28
Income tax expense (benefit)	(4)	11
Net income (loss)	$ (6)	$ 17

SUPPLEMENTAL SEGMENT INFORMAT59

SUPPLEMENTAL SEGMENT INFORMATION (Details 2) - USD ($) $ in Thousands	Mar. 31, 2017	Dec. 31, 2016
Assets	$ 2,182,109	$ 1,683,736
Loans receivable, net	1,406,295	1,167,578
Loans held for sale	21,399	31,569
Deposits	1,607,720	1,258,260
Borrowed funds	269,804	241,465
Community Banking [Member]
Assets	2,178,608	1,678,541
Loans receivable, net	1,383,117	1,151,704
Loans held for sale	1,302	2,159
Deposits	1,620,575	1,263,030
Borrowed funds	246,500	226,000
Mortgage Banking [Member]
Assets	70,688	78,315
Loans receivable, net	27,757	27,433
Loans held for sale	20,097	29,410
Deposits
Borrowed funds	4,000	10,990
Other [Member]
Assets	298,319	179,681
Loans receivable, net
Loans held for sale
Deposits
Borrowed funds	23,304	15,465
Eliminations [Member]
Assets	(365,506)	(252,801)
Loans receivable, net	(4,579)	(11,559)
Loans held for sale
Deposits	(12,855)	(4,770)
Borrowed funds	$ (4,000)	$ (10,990)