Premier Financial Bancorp (PFBI) 10-Q 7 Aug 20 2020 Q2 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	6 Months Ended
	Jun. 30, 2020	Aug. 03, 2020
Cover page.
Entity Registrant Name	PREMIER FINANCIAL BANCORP, INC.
Entity Central Index Key	0000887919
Current Fiscal Year End Date	--12-31
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Shell Company	false
Entity Filer Category	Accelerated Filer
Entity Small Business	true
Entity Emerging Growth Company	false
Entity Common Stock, Shares Outstanding		14,673,257
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Jun. 30, 2020
Document Fiscal Year Focus	2020
Document Fiscal Period Focus	Q2
Document Quarterly Report	true
Document Transition Report	false
Entity File Number	000-20908
Entity Tax Identification Number	61-1206757
Entity Incorporation, State or Country Code	KY
Entity Address, Address Line One	2883 Fifth Avenue
Entity Address, City or Town	Huntington
Entity Address, State or Province	WV
Entity Address, Postal Zip Code	25702
City Area Code	304
Local Phone Number	525-1600
Title of 12(b) Security	Common Stock, no par value
Trading Symbol	PFBI
Security Exchange Name	NASDAQ

CONSOLIDATED BALANCE SHEETS (UN

CONSOLIDATED BALANCE SHEETS (UNAUDITED) - USD ($) $ in Thousands	Jun. 30, 2020	Dec. 31, 2019
ASSETS
Cash and due from banks	$ 23,724	$ 23,091
Interest bearing bank balances	101,521	66,063
Federal funds sold	8,365	5,902
Cash and cash equivalents	133,610	95,056
Securities available for sale	416,700	390,754
Loans	1,265,002	1,195,295
Allowance for loan losses	(14,388)	(13,542)
Net loans	1,250,614	1,181,753
Federal Home Loan Bank stock, at cost	4,286	4,450
Premises and equipment, net	36,708	37,257
Real estate acquired through foreclosure	12,267	12,242
Interest receivable	5,997	4,699
Goodwill	47,640	47,640
Other intangible assets	4,893	5,376
Other assets	2,279	1,783
Total assets	1,914,994	1,781,010
Deposits
Non-interest bearing	475,241	367,870
Time deposits, $250,000 and over	71,523	100,638
Other interest bearing	1,061,387	1,027,245
Total deposits	1,608,151	1,495,753
Securities sold under agreements to repurchase	27,737	20,428
FHLB advances	2,995	6,375
Subordinated debt	5,455	5,436
Interest payable	638	912
Other liabilities	16,023	11,865
Total liabilities	1,660,999	1,540,769
Stockholders' equity
Common stock, no par value; 30,000,000 shares authorized; 14,673,257 shares issued and outstanding at June 30, 2020, and 14,657,432 shares issued and outstanding at December 31, 2019	134,052	133,795
Retained earnings	109,216	102,743
Accumulated other comprehensive income (loss)	10,727	3,703
Total stockholders' equity	253,995	240,241
Total liabilities and stockholders' equity	$ 1,914,994	$ 1,781,010

CONSOLIDATED BALANCE SHEETS (_2

CONSOLIDATED BALANCE SHEETS (UNAUDITED) (Parenthetical) - $ / shares	Jun. 30, 2020	Dec. 31, 2019
Stockholders' equity
Common stock, par value (in dollars per share)	$ 0	$ 0
Common stock, shares authorized (in shares)	30,000,000	30,000,000
Common stock, shares issued (in shares)	14,673,257	14,657,432
Common stock, shares outstanding (in shares)	14,673,257	14,657,432

CONSOLIDATED STATEMENTS OF INCO

CONSOLIDATED STATEMENTS OF INCOME (UNAUDITED) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Interest income
Loans, including fees	$ 16,416	$ 16,227	$ 32,170	$ 32,516
Securities available for sale
Taxable	2,014	2,313	4,557	4,651
Tax-exempt	182	88	271	180
Federal funds sold and other	26	478	284	823
Total interest income	18,638	19,106	37,282	38,170
Interest expense
Deposits	1,715	2,285	3,880	4,335
Repurchase agreements and other	15	12	39	21
Other borrowings	0	10	0	31
FHLB advances	23	48	53	103
Subordinated debt	76	96	159	190
Total interest expense	1,829	2,451	4,131	4,680
Net interest income	16,809	16,655	33,151	33,490
Provision for loan losses	590	330	1,590	890
Net interest income after provision for loan losses	16,219	16,325	31,561	32,600
Non-interest income
Service charges on deposit accounts	692	1,122	1,798	2,216
Electronic banking income	937	927	1,755	1,749
Secondary market mortgage income	85	33	151	57
Other	176	265	435	501
Total non-interest income	1,890	2,347	4,139	4,523
Non-interest expenses
Salaries and employee benefits	5,267	5,427	10,675	10,626
Occupancy and equipment expenses	1,798	1,877	3,523	3,541
Outside data processing	1,702	1,426	3,233	2,810
Professional fees	246	306	490	671
Taxes, other than payroll, property and income	252	261	527	499
Write-downs, expenses, sales of other real estate owned, net	354	228	422	477
Amortization of intangibles	241	223	483	450
FDIC insurance	72	119	68	243
Other expenses	1,147	1,174	2,395	2,317
Total non-interest expenses	11,079	11,041	21,816	21,634
Income before income taxes	7,030	7,631	13,884	15,489
Provision for income taxes	1,524	1,772	3,010	3,454
Net income	$ 5,506	$ 5,859	$ 10,874	$ 12,035
Net income per share:
Basic (in dollars per share)	$ 0.38	$ 0.40	$ 0.74	$ 0.82
Diluted (in dollars per share)	$ 0.37	$ 0.40	$ 0.74	$ 0.82

CONSOLIDATED STATEMENTS OF COMP

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (UNAUDITED) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (UNAUDITED) [Abstract]
Net income	$ 5,506	$ 5,859	$ 10,874	$ 12,035
Other comprehensive income (loss):
Unrealized gains (losses) arising during the period	1,998	3,989	8,890	9,593
Reclassification of realized amount	0	0	0	0
Net change in unrealized gain (loss) on securities	1,998	3,989	8,890	9,593
Less tax impact	(419)	(837)	(1,866)	(2,014)
Other comprehensive income (loss)	1,579	3,152	7,024	7,579
Comprehensive income	$ 7,085	$ 9,011	$ 17,898	$ 19,614

CONSOLIDATED STATEMENT OF CHANG

CONSOLIDATED STATEMENT OF CHANGES IN STOCKHOLDERS' EQUITY (UNAUDITED) - USD ($) $ in Thousands	Common Stock [Member]	Retained Earnings [Member]	Accumulated Other Comprehensive Income (Loss) [Member]	Total
Balances at Dec. 31, 2018	$ 133,248	$ 87,333	$ (3,852)	$ 216,729
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	0	12,035	0	12,035
Other comprehensive income (loss)	0	0	7,579	7,579
Cash dividends paid	0	(4,390)	0	(4,390)
Stock options exercised	140	0	0	140
Stock based compensation expense	209	0	0	209
Balances at Jun. 30, 2019	133,597	94,978	3,727	232,302
Balances at Mar. 31, 2019	133,338	91,314	575	225,227
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	0	5,859	0	5,859
Other comprehensive income (loss)	0	0	3,152	3,152
Cash dividends paid	0	(2,195)	0	(2,195)
Stock options exercised	89	0	0	89
Stock based compensation expense	170	0	0	170
Balances at Jun. 30, 2019	133,597	94,978	3,727	232,302
Balances at Dec. 31, 2019	133,795	102,743	3,703	240,241
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	0	10,874	0	10,874
Other comprehensive income (loss)	0	0	7,024	7,024
Cash dividends paid	0	(4,401)	0	(4,401)
Stock options exercised	31	0	0	31
Stock based compensation expense	226	0	0	226
Balances at Jun. 30, 2020	134,052	109,216	10,727	253,995
Balances at Mar. 31, 2020	133,866	105,911	9,148	248,925
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	0	5,506	0	5,506
Other comprehensive income (loss)	0	0	1,579	1,579
Cash dividends paid	0	(2,201)	0	(2,201)
Stock options exercised	0	0	0	0
Stock based compensation expense	186	0	0	186
Balances at Jun. 30, 2020	$ 134,052	$ 109,216	$ 10,727	$ 253,995

CONSOLIDATED STATEMENT OF CHA_2

CONSOLIDATED STATEMENT OF CHANGES IN STOCKHOLDERS' EQUITY (UNAUDITED) (Parenthetical) - $ / shares	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
CONSOLIDATED STATEMENT OF CHANGES IN STOCKHOLDERS' EQUITY (UNAUDITED) [Abstract]
Cash dividends paid (in dollars per share)	$ 0.15	$ 0.15	$ 0.30	$ 0.30

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)	6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019
Cash flows from operating activities
Net income	$ 10,874,000	$ 12,035,000
Adjustments to reconcile net income to net cash from operating activities
Depreciation	987,000	1,150,000
Provision for loan losses	1,590,000	890,000
Amortization (accretion), net	666,000	80,000
Writedowns (gains on the sale) of other real estate owned, net	263,000	100,000
Stock compensation expense	226,000	209,000
Changes in:
Interest receivable	(1,298,000)	(380,000)
Other assets	(496,000)	(155,000)
Interest payable	(274,000)	152,000
Other liabilities	2,213,000	(380,000)
Net cash from operating activities	14,751,000	13,701,000
Cash flows from investing activities
Purchases of securities available for sale	(91,614,000)	(21,020,000)
Proceeds from maturities and calls of securities available for sale	73,821,000	35,107,000
Purchase of FHLB stock	0	(10,000)
Redemption of FHLB stock	164,000	100,000
Net change in loans	(70,720,000)	273,000
Purchases of premises and equipment, net	(360,000)	(876,000)
Proceeds from sales of other real estate acquired through foreclosure	612,000	633,000
Net cash from (used in) investing activities	(88,097,000)	14,207,000
Cash flows from financing activities
Net change in deposits	112,361,000	(2,804,000)
Net change in agreements to repurchase securities	7,309,000	(1,228,000)
Repayment of other borrowed funds	0	(2,500,000)
Repayment of FHLB advances	(3,400,000)	(2,500,000)
Proceeds from stock option exercises	31,000	140,000
Common stock dividends paid	(4,401,000)	(4,390,000)
Net cash from financing activities	111,900,000	(13,282,000)
Net change in cash and cash equivalents	38,554,000	14,626,000
Cash and cash equivalents at beginning of period	95,056,000	80,775,000
Cash and cash equivalents at end of period	133,610,000	95,401,000
Supplemental disclosures of cash flow information:
Cash paid during period for interest	4,404,000	4,528,000
Cash paid during period for income taxes	0	3,500,000
Loans transferred to real estate acquired through foreclosure	900,000	957,000
Operating right-of-use asset resulting from lease liability	$ 78,000	$ 7,558,000

BASIS OF PRESENTATION

BASIS OF PRESENTATION	6 Months Ended
	Jun. 30, 2020
BASIS OF PRESENTATION [Abstract]
BASIS OF PRESENTATION	NOTE 1 - BASIS OF PRESENTATION The consolidated financial statements include the accounts of Premier Financial Bancorp, Inc. (the Company) and its wholly owned subsidiaries (the “Banks”): Year Total June 30, 2020 Net Income Subsidiary Location Acquired Assets Qtr YTD Citizens Deposit Bank & Trust Vanceburg, Kentucky 1991 $ 578,556 $ 1,438 $ 3,021 Premier Bank, Inc. Huntington, West Virginia 1998 1,328,897 4,741 8,974 Parent and Intercompany Eliminations 7,541 (673 ) (1,121 ) Consolidated Total $ 1,914,994 $ 5,506 $ 10,874 All significant intercompany transactions and balances have been eliminated. Estimates in the Financial Statements: Loans: Small Business Administration Paycheck Protection Plan: Recently Issued Accounting Pronouncements In June 2016, the FASB issued ASU No. 2016-13, Financial Instruments—Credit Losses: Measurement of Credit Losses on Financial Instruments

SECURITIES

SECURITIES	6 Months Ended
	Jun. 30, 2020
SECURITIES [Abstract]
SECURITIES	NOTE 2 - SECURITIES Amortized cost and fair value of investment securities, by category, at June 30, 2020 are summarized as follows: 2020 Amortized Cost Unrealized Gains Unrealized Losses Fair Value Available for sale Mortgage-backed securities U. S. sponsored agency MBS - residential $ 305,338 $ 11,053 $ (248 ) $ 316,143 U. S. sponsored agency CMO’s - residential 47,888 1,308 – 49,196 Total mortgage-backed securities of government sponsored agencies 353,226 12,361 (248 ) 365,339 U. S. government sponsored agency securities 9,392 154 – 9,546 Obligations of states and political subdivisions 38,541 1,183 – 39,724 Other securities 1,963 135 (7 ) 2,091 Total available for sale $ 403,122 $ 13,833 $ (255 ) $ 416,700 Amortized cost and fair value of investment securities, by category, at December 31, 2019 are summarized as follows: 2019 Amortized Cost Unrealized Gains Unrealized Losses Fair Value Available for sale Mortgage-backed securities U. S. sponsored agency MBS - residential $ 276,013 $ 3,618 $ (322 ) $ 279,309 U. S. sponsored agency CMO’s - residential 61,989 768 (113 ) 62,644 Total mortgage-backed securities of government sponsored agencies 338,002 4,386 (435 ) 341,953 U. S. government sponsored agency securities 30,538 280 (88 ) 30,730 Obligations of states and political subdivisions 15,570 453 (6 ) 16,017 Other securities 1,956 98 – 2,054 Total available for sale $ 386,066 $ 5,217 $ (529 ) $ 390,754 The amortized cost and fair value of securities at June 30, 2020 by contractual maturity are shown below. Expected maturities will differ from contractual maturities because borrowers may have the right to call or prepay obligations with or without call or prepayment penalties. Amortized Cost Fair Value Available for sale Due in one year or less $ 8,742 $ 8,825 Due after one year through five years 26,090 26,718 Due after five years through ten years 9,437 9,716 Due after ten years 5,627 6,102 Mortgage-backed securities of government sponsored agencies 353,226 365,339 Total available for sale $ 403,122 $ 416,700 There were no sales of securities during the three and six months of 2020 and 2019. Securities with unrealized losses at June 30, 2020 aggregated by investment category and length of time that individual securities have been in a continuous unrealized loss position are as follows: Less than 12 Months 12 Months or More Total Description of Securities Fair Value Unrealized Loss Fair Value Unrealized Loss Fair Value Unrealized Loss U.S government sponsored agency MBS – residential $ 43,995 $ (248 ) $ – $ – $ 43,995 $ (248 ) Other securities 241 (7 ) – – 241 (7 ) Total temporarily impaired $ 44,236 $ (255 ) $ – $ – $ 44,236 $ (255 ) Securities with unrealized losses at December 31, 2019 aggregated by investment category and length of time that individual securities have been in a continuous unrealized loss position are as follows: Less than 12 Months 12 Months or More Total Description of Securities Fair Value Unrealized Loss Fair Value Unrealized Loss Fair Value Unrealized Loss U.S government sponsored agency securities $ 10,851 $ (84 ) $ 3,957 $ (4 ) $ 14,808 $ (88 ) U.S government sponsored agency MBS – residential 50,945 (199 ) 12,930 (123 ) 63,875 (322 ) U.S government sponsored agency CMO’s – residential 4,376 (3 ) 8,815 (110 ) 13,191 (113 ) Obligations of states and political subdivisions 1,866 (6 ) – – 1,866 (6 ) Total temporarily impaired $ 68,038 $ (292 ) $ 25,702 $ (237 ) $ 93,740 $ (529 ) The investment portfolio is predominately high credit quality interest-bearing bonds with defined maturity dates backed by the U.S. Government or Government sponsored entities. The unrealized losses at June 30, 2020 and December 31, 2019 are price changes resulting from changes in the interest rate environment and are considered to be temporary declines in the value of the securities. Management does not intend to sell and it is likely that management will not be required to sell the securities prior to their anticipated recovery. Their fair value is expected to recover as the bonds approach their maturity date and/or market conditions improve.

LOANS

LOANS	6 Months Ended
	Jun. 30, 2020
LOANS [Abstract]
LOANS	NOTE 3 - LOANS Major classifications of loans at June 30, 2020 and December 31, 2019 are summarized as follows: 2020 2019 Residential real estate $ 390,150 $ 389,985 Multifamily real estate 37,376 36,684 Commercial real estate: Owner occupied 164,121 164,218 Non-owner occupied 303,141 304,316 Commercial and industrial 85,073 105,079 SBA PPP 110,690 – Consumer 25,416 29,007 Construction and land 115,053 136,138 All other 33,982 29,868 $ 1,265,002 $ 1,195,295 Activity in the allowance for loan losses by portfolio segment for the six months ended June 30, 2020 was as follows: Loan Class Balance December 31, 2019 Provision (credit) for loan losses Loans charged-off Recoveries Balance June 30, 2020 Residential real estate $ 1,711 $ 288 $ (94 ) $ 10 $ 1,915 Multifamily real estate 1,954 161 – – 2,115 Commercial real estate: Owner occupied 2,441 590 (566 ) 5 2,470 Non-owner occupied 3,184 1,200 (77 ) 3 4,310 Commercial and industrial 1,767 (247 ) (5 ) 39 1,554 Consumer 281 14 (99 ) 34 230 Construction and land 1,724 (529 ) – 38 1,233 All other 480 113 (94 ) 62 561 Total $ 13,542 $ 1,590 $ (935 ) $ 191 $ 14,388 Activity in the allowance for loan losses by portfolio segment for the six months ended June 30, 2019 was as follows: Loan Class Balance December 31, 2018 Provision (credit) for loan losses Loans charged-off Recoveries Balance June 30, 2019 Residential real estate $ 1,808 $ 104 $ (59 ) $ 27 $ 1,880 Multifamily real estate 1,649 65 – 2 1,716 Commercial real estate: Owner occupied 2,120 200 (533 ) 3 1,790 Non-owner occupied 3,058 277 (57 ) 2 3,280 Commercial and industrial 1,897 178 (113 ) 38 2,000 Consumer 351 129 (140 ) 28 368 Construction and land 2,255 (102 ) (13 ) – 2,140 All other 600 39 (97 ) 57 599 Total $ 13,738 $ 890 $ (1,012 ) $ 157 $ 13,773 Activity in the allowance for loan losses by portfolio segment for the three months ended June 30, 2020 was as follows: Loan Class Balance March 31, 2020 Provision (credit) for loan losses Loans charged-off Recoveries Balance June 30, 2020 Residential real estate $ 1,838 $ 72 $ (1 ) $ 6 $ 1,915 Multifamily real estate 2,104 11 – – 2,115 Commercial real estate: Owner occupied 2,220 248 – 2 2,470 Non-owner occupied 3,642 721 (53 ) – 4,310 Commercial and industrial 1,817 (269 ) (5 ) 11 1,554 Consumer 241 12 (30 ) 7 230 Construction and land 1,412 (180 ) – 1 1,233 All other 582 (25 ) (20 ) 24 561 Total $ 13,856 $ 590 $ (109 ) $ 51 $ 14,388 Activity in the allowance for loan losses by portfolio segment for the three months ended June 30, 2019 was as follows: Loan Class Balance March 31, 2019 Provision (credit) for loan losses Loans charged-off Recoveries Balance June 30, 2019 Residential real estate $ 1,823 $ 62 $ (27 ) $ 22 $ 1,880 Multifamily real estate 1,590 126 – – 1,716 Commercial real estate: Owner occupied 1,824 (36 ) – 2 1,790 Non-owner occupied 3,401 (123 ) – 2 3,280 Commercial and industrial 1,721 275 (3 ) 7 2,000 Consumer 365 19 (33 ) 17 368 Construction and land 2,149 (9 ) – – 2,140 All other 606 16 (46 ) 23 599 Total $ 13,479 $ 330 $ (109 ) $ 73 $ 13,773 Purchased Impaired Loans The Company holds purchased loans for which there was, at their acquisition date, evidence of deterioration of credit quality since their origination and it was probable, at acquisition, that all contractually required payments would not be collected. The carrying amount of those loans is as follows at June 30, 2020 and December 31, 2019. 2020 2019 Residential real estate $ 2,384 $ 2,565 Commercial real estate Owner occupied 1,108 1,804 Non-owner occupied 2,482 2,628 Commercial and industrial 19 305 Consumer 17 22 Construction and land 416 483 All other 176 174 Total carrying amount $ 6,602 $ 7,981 Contractual principal balance $ 9,880 $ 11,681 Carrying amount, net of allowance $ 6,602 $ 7,981 For those purchased loans disclosed above, the Company did not increase the allowance for loan losses during the three and six months ended June 30, 2020 and June 30, 2019. For those purchased loans disclosed above, where the Company can reasonably estimate the cash flows expected to be collected on the loans, a portion of the purchase discount is allocated to an accretable yield adjustment based upon the present value of the future estimated cash flows versus the current carrying value of the loan and the accretable yield portion is being recognized as interest income over the remaining life of the loan. Where the Company cannot reasonably estimate the cash flows expected to be collected on the loans, it has continued to account for those loans using the cost recovery method of income recognition. As such, no portion of a purchase discount adjustment has been determined to meet the definition of an accretable yield adjustment on those loans accounted for using the cost recovery method. If, in the future, cash flows from the borrower(s) can be reasonably estimated, a portion of the purchase discount would be allocated to an accretable yield adjustment based upon the present value of the future estimated cash flows versus the current carrying value of the loan and the accretable yield portion would be recognized as interest income over the remaining life of the loan. Until such accretable yield can be calculated, under the cost recovery method of income recognition, all payments will be used to reduce the carrying value of the loan and no income will be recognized on the loan until the carrying value is reduced to zero. Any loan accounted for under the cost recovery method is also still included as a non-accrual loan in the amounts presented in the tables below. The accretable yield, or income expected to be collected, on the purchased loans above is as follows at June 30, 2020 and June 30, 2019. 2020 2019 Balance at January 1 $ 619 $ 642 New loans purchased – – Accretion of income (59 ) (94 ) Loans placed on non-accrual – – Income recognized upon full repayment (65 ) (73 ) Reclassifications to accretable difference (190 ) – Disposals – – Balance at June 30 $ 305 $ 475 Past Due and Non-performing Loans The following tables present the recorded investment in nonaccrual and loans past due over 90 days still on accrual by class of loans as of June 30, 2020 and December 31, 2019. The recorded investment in non-accrual loans is less than the principal owed on non-accrual loans due to discounts applied to the carrying value of the loan at time of their acquisition and interest payments made by the borrower which have been used to reduce the recorded investment in the loan rather than recognized as interest income. June 30, 2020 Principal Owed on Non-accrual Loans Recorded Investment in Non-accrual Loans Loans Past Due Over 90 Days, still accruing Residential real estate $ 5,460 $ 4,197 $ 748 Multifamily real estate 4,088 3,708 – Commercial real estate Owner occupied 2,160 1,734 9 Non-owner occupied 4,042 2,726 – Commercial and industrial 1,341 787 74 Consumer 324 236 – Construction and land 355 313 149 All other 75 60 – Total $ 17,845 $ 13,761 $ 980 December 31, 2019 Principal Owed on Non-accrual Loans Recorded Investment in Non-accrual Loans Loans Past Due Over 90 Days, still accruing Residential real estate $ 5,801 $ 4,618 $ 1,425 Multifamily real estate 4,113 3,726 – Commercial real estate Owner occupied 3,399 2,995 – Non-owner occupied 3,120 1,852 340 Commercial and industrial 1,026 420 451 Consumer 364 313 9 Construction and land 470 440 3 All other 75 73 – Total $ 18,368 $ 14,437 $ 2,228 Nonaccrual loans and impaired loans are defined differently. Some loans may be included in both categories, and some may only be included in one category. Nonaccrual loans include both smaller balance homogeneous loans that are collectively evaluated for impairment and individually classified impaired loans. The following table presents the aging of the recorded investment in past due loans as of June 30, 2020 by class of loans: Loan Class Total Loans 30-89 Days Past Due Greater than 90 Days Past Due Total Past Due Loans Not Past Due Residential real estate $ 390,150 $ 3,971 $ 2,802 $ 6,773 $ 383,377 Multifamily real estate 37,376 – 3,708 3,708 33,668 Commercial real estate: Owner occupied 164,121 26 505 531 163,590 Non-owner occupied 303,141 – 1,591 1,591 301,550 Commercial and industrial 85,073 703 723 1,426 83,647 SBA PPP 110,690 – – – 110,690 Consumer 25,416 96 112 208 25,208 Construction and land 115,053 4 152 156 114,897 All other 33,982 – 60 60 33,922 Total $ 1,265,002 $ 4,800 $ 9,653 $ 14,453 $ 1,250,549 The following table presents the aging of the recorded investment in past due loans as of December 31, 2019 by class of loans: Loan Class Total Loans 30-89 Days Past Due Greater than 90 Days Past Due Total Past Due Loans Not Past Due Residential real estate $ 389,985 $ 9,479 $ 3,192 $ 12,671 $ 377,314 Multifamily real estate 36,684 – 3,726 3,726 32,958 Commercial real estate: Owner occupied 164,218 337 1,199 1,536 162,682 Non-owner occupied 304,316 838 1,017 1,855 302,461 Commercial and industrial 105,079 245 708 953 104,126 Consumer 29,007 309 230 539 28,468 Construction and land 136,138 3,856 4 3,860 132,278 All other 29,868 – 73 73 29,795 Total $ 1,195,295 $ 15,064 $ 10,149 $ 25,213 $ 1,170,082 The following table presents the balance in the allowance for loan losses and the recorded investment in loans by portfolio segment and based on impairment method as of June 30, 2020: Allowance for Loan Losses Loan Balances Loan Class Individually Evaluated for Impairment Collectively Evaluated for Impairment Acquired with Deteriorated Credit Quality Total Individually Evaluated for Impairment Collectively Evaluated for Impairment Acquired with Deteriorated Credit Quality Total Residential real estate $ – $ 1,915 $ – $ 1,915 $ 60 $ 387,706 $ 2,384 $ 390,150 Multifamily real estate 1,865 250 – 2,115 3,708 33,668 – 37,376 Commercial real estate: Owner occupied – 2,470 – 2,470 1,440 161,573 1,108 164,121 Non-owner occupied 448 3,862 – 4,310 4,022 296,637 2,482 303,141 Commercial and industrial 446 1,108 – 1,554 763 84,291 19 85,073 SBA PPP – – – – – 110,690 – 110,690 Consumer – 230 – 230 – 25,399 17 25,416 Construction and land – 1,233 – 1,233 303 114,334 416 115,053 All other – 561 – 561 – 33,806 176 33,982 Total $ 2,759 $ 11,629 $ – $ 14,388 $ 10,296 $ 1,248,104 $ 6,602 $ 1,265,002 The following table presents the balance in the allowance for loan losses and the recorded investment in loans by portfolio segment and based on impairment method as of December 31, 2019: Allowance for Loan Losses Loan Balances Loan Class Individually Evaluated for Impairment Collectively Evaluated for Impairment Acquired with Deteriorated Credit Quality Total Individually Evaluated for Impairment Collectively Evaluated for Impairment Acquired with Deteriorated Credit Quality Total Residential real estate $ – $ 1,711 $ – $ 1,711 $ 63 $ 387,357 $ 2,565 $ 389,985 Multifamily real estate 1,737 217 – 1,954 3,726 32,958 – 36,684 Commercial real estate: Owner occupied 653 1,788 – 2,441 2,685 159,729 1,804 164,218 Non-owner occupied 271 2,913 – 3,184 3,830 297,858 2,628 304,316 Commercial and industrial 390 1,377 – 1,767 678 104,096 305 105,079 Consumer – 281 – 281 – 28,985 22 29,007 Construction and land 51 1,673 – 1,724 431 135,224 483 136,138 All other – 480 – 480 – 29,694 174 29,868 Total $ 3,102 $ 10,440 $ – $ 13,542 $ 11,413 $ 1,175,901 $ 7,981 $ 1,195,295 In the tables below, total individually evaluated impaired loans include certain purchased loans that were acquired with deteriorated credit quality that are still individually evaluated for impairment. The following table presents loans individually evaluated for impairment by class of loans as of June 30, 2020. The table includes $701,000 of loans acquired with deteriorated credit quality for which the Company cannot reasonably estimate cash flows such that they are accounted for on the cost recovery method and are still individually evaluated for impairment. Unpaid Principal Balance Recorded Investment Allowance for Loan Losses Allocated With no related allowance recorded: Residential real estate $ 184 $ 60 $ - Commercial real estate Owner occupied 2,166 1,759 - Non-owner occupied 1,661 805 - Commercial and industrial 509 – - Construction and land 344 303 - 4,864 2,927 - With an allowance recorded: Multifamily real estate 4,088 3,708 1,865 Commercial real estate Non-owner occupied 3,748 3,599 448 Commercial and industrial 781 763 446 8,617 8,070 2,759 Total $ 13,481 $ 10,997 $ 2,759 The following table presents loans individually evaluated for impairment by class of loans as of December 31, 2019. The table includes $758,000 of loans acquired with deteriorated credit quality for which the Company cannot reasonably estimate cash flows such that they are accounted for on the cost recovery method and are still individually evaluated for impairment. Unpaid Principal Balance Recorded Investment Allowance for Loan Losses Allocated With no related allowance recorded: Residential real estate $ 188 $ 63 $ - Multifamily real estate 96 89 - Commercial real estate Owner occupied 2,201 1,842 - Non-owner occupied 2,512 1,732 - Commercial and industrial 509 – - 5,506 3,726 - With an allowance recorded: Multifamily real estate $ 4,017 $ 3,637 $ 1,737 Commercial real estate Owner occupied 1,189 1,162 653 Non-owner occupied 2,654 2,537 271 Commercial and industrial 689 678 390 Construction and land 460 431 51 9,009 8,445 3,102 Total $ 14,515 $ 12,171 $ 3,102 The following table presents the average balance of loans individually evaluated for impairment and interest income recognized on these loans for the six months ended June 30, 2020 and June 30, 2019. The table includes loans acquired with deteriorated credit quality that are still individually evaluated for impairment. Six Months Ended June 30, 2020 Six Months Ended June 30, 2019 Loan Class Average Recorded Investment Interest Income Recognized Cash Basis Interest Recognized Average Recorded Investment Interest Income Recognized Cash Basis Interest Recognized Residential real estate $ 62 $ – $ – $ 267 $ – $ – Multifamily real estate 3,744 – – 3,855 – – Commercial real estate: Owner occupied 2,191 6 4 3,898 6 6 Non-owner occupied 4,376 72 36 10,556 186 186 Commercial and industrial 738 2 2 562 2 2 Construction and land 353 – – 1,065 121 121 Total $ 11,464 $ 80 $ 42 $ 20,203 $ 315 $ 315 The following table presents the average balance of loans individually evaluated for impairment and interest income recognized on these loans for the three months ended June 30, 2020 and June 30, 2019. The table includes loans acquired with deteriorated credit quality that are still individually evaluated for impairment. Three months ended June 30, 2020 Three months ended June 30, 2019 Loan Class Average Recorded Investment Interest Income Recognized Cash Basis Interest Recognized Average Recorded Investment Interest Income Recognized Cash Basis Interest Recognized Residential real estate $ 61 $ – $ – $ 253 $ – $ – Multifamily real estate 3,753 – – 3,830 – – Commercial real estate: Owner occupied 1,785 3 1 4,062 3 3 Non-owner occupied 4,429 36 – 10,573 92 92 Commercial and industrial 768 1 1 562 1 1 Construction and land 314 – – 922 113 113 Total $ 11,110 $ 40 $ 2 $ 20,202 $ 209 $ 209 Troubled Debt Restructurings A loan is classified as a troubled debt restructuring ("TDR") when loan terms are modified due to a borrower's financial difficulties and a concession is granted to a borrower that would not have otherwise been considered. Most of the Company’s loan modifications involve a restructuring of loan terms prior to maturity to temporarily reduce the payment amount and/or to require only interest for a temporary period, usually up to six months. These modifications generally do not meet the definition of a TDR because the modifications are considered to be an insignificant delay in payment. The determination of an insignificant delay in payment is evaluated based on the facts and circumstances of the individual borrower(s). The following table presents TDR’s as of June 30, 2020 and December 31, 2019: June 30, 2020 TDR’s on Non-accrual Other TDR’s Total TDR’s Residential real estate $ 25 $ 151 $ 176 Multifamily real estate 3,708 – 3,708 Commercial real estate Owner occupied – 201 201 Non-owner occupied 856 1,781 2,637 Commercial and industrial 191 – 191 Total $ 4,780 $ 2,133 $ 6,913 December 31, 2019 TDR’s on Non-accrual Other TDR’s Total TDR’s Residential real estate $ 32 $ 157 $ 189 Multifamily real estate 3,636 – 3,636 Commercial real estate Owner occupied 1,162 207 1,369 Non-owner occupied – 2,656 2,656 Commercial and industrial 191 – 191 Total $ 5,021 $ 3,020 $ 8,041 At June 30, 2020, $2,118,000 in specific reserves were allocated to loans that had restructured terms resulting in a provision for loan losses of $10,000 for the three months ended June 30, 2020 and $213,000 for the six months ended June 30, 2020. This compares to a provision for loan losses on restructured loans of $216,000 for the three months ended June 30, 2019 and $150,000 for the six months ended June 30, 2019. At December 31, 2019, $2,471,000 in specific reserves were allocated to loans that had restructured terms. There were no commitments to lend additional amounts to these borrowers. There were no new TDR’s that occurred during the three and six months ended June 30, 2020 and June 30, 2019. During the three and six months ended June 30, 2020 and June 30, 2019, there were no TDR’s for which there as a payment default within twelve months following the modification. A loan is considered to be in payment default once it is 90 days contractually past due under the modified terms. The Coronavirus Aid, Relief and Economic Security (“CARES”) Act was signed into law at the end of March 2020. Provisions of the CARES Act permit certain loan payment modifications by banks that would normally be considered TDR’s to be exempt from the TDR rules. Management has exercised these provisions of the CARES Act on the following loans outstanding as of June 30, 2020 to some degree on an individually requested basis. June 30, 2020 Modified to Interest Only Payment Modified to Defer Principal and Interest Payment Total Residential real estate $ 9,756 $ 6,444 $ 16,200 Multifamily real estate 2,526 5,280 7,806 Commercial real estate Owner occupied 16,880 23,856 40,736 Non-owner occupied 56,735 79,410 136,145 Commercial and industrial 3,510 6,634 10,144 Consumer 218 313 531 Construction and land 21,979 6,817 28,796 All other 10 334 344 Total $ 111,614 $ 129,088 $ 240,702 Credit Quality Indicators: The Company categorizes loans into risk categories based on relevant information about the ability of borrowers to service their debt such as: current financial information, historical payment experience, credit documentation, public information, and current economic trends, among other factors. The Company analyzes non-homogeneous loans, such as commercial, commercial real estate, multifamily residential and commercial purpose loans secured by residential real estate, on a monthly basis. For consumer loans, including consumer loans secured by residential real estate, and smaller balance non-homogeneous loans, the analysis involves monitoring the performing status of the loan. At the time such loans become past due by 90 days or more, the Company evaluates the loan to determine if a change in risk category is warranted. The Company uses the following definitions for risk ratings: Special Mention. Loans classified as special mention have a potential weakness that deserves management's close attention. If left uncorrected, these potential weaknesses may result in deterioration of the repayment prospects for the loan or of the institution's credit position at some future date. Substandard. Loans classified as substandard are inadequately protected by the current net worth and paying capacity of the obligor or of the collateral pledged, if any. Loans so classified have a well-defined weakness or weaknesses that jeopardize the liquidation of the debt. They are characterized by the distinct possibility that the institution will sustain some loss if the deficiencies are not corrected. Doubtful. Loans classified as doubtful have all the weaknesses inherent in those classified as substandard, with the added characteristic that the weaknesses make collection or liquidation in full, on the basis of currently existing facts, conditions, and values, highly questionable and improbable. Loans not meeting the criteria above that are analyzed individually as part of the above described process are considered to be pass rated loans. As of June 30, 2020, and based on the most recent analysis performed, the risk category of loans by class of loans is as follows: Loan Class Pass Special Mention Substandard Doubtful Total Loans Residential real estate $ 376,261 $ 2,992 $ 10,897 $ – $ 390,150 Multifamily real estate 29,216 4,452 3,708 – 37,376 Commercial real estate: Owner occupied 155,443 4,284 4,394 – 164,121 Non-owner occupied 288,198 9,597 5,346 – 303,141 Commercial and industrial 80,192 3,498 1,383 – 85,073 SBA PPP 110,690 – – – 110,690 Consumer 25,107 2 307 – 25,416 Construction and land 110,807 3,676 570 – 115,053 All other 33,922 – 60 – 33,982 Total $ 1,209,836 $ 28,501 $ 26,665 $ – $ 1,265,002 As of December 31, 2019, and based on the most recent analysis performed, the risk category of loans by class of loans is as follows: Loan Class Pass Special Mention Substandard Doubtful Total Loans Residential real estate $ 374,835 $ 3,477 $ 11,673 $ - $ 389,985 Multifamily real estate 28,103 4,855 3,726 - 36,684 Commercial real estate: Owner occupied 152,695 5,123 6,400 - 164,218 Non-owner occupied 290,096 8,617 5,603 - 304,316 Commercial and industrial 101,085 2,693 1,301 - 105,079 Consumer 28,618 5 384 - 29,007 Construction and land 123,473 11,868 797 - 136,138 All other 29,698 97 73 - 29,868 Total $ 1,128,603 $ 36,735 $ 29,957 $ - $ 1,195,295

STOCKHOLDERS' EQUITY AND REGULA

STOCKHOLDERS' EQUITY AND REGULATORY MATTERS	6 Months Ended
	Jun. 30, 2020
STOCKHOLDERS' EQUITY AND REGULATORY MATTERS [Abstract]
STOCKHOLDERS' EQUITY AND REGULATORY MATTERS	NOTE 4 - STOCKHOLDERS’ EQUITY AND REGULATORY MATTERS The Company’s principal source of funds for dividend payments to shareholders is dividends received from the subsidiary Banks. Banking regulations limit the amount of dividends that may be paid without prior approval of regulatory agencies. Under these regulations, the amount of dividends that may be paid in any calendar year is limited to the current year’s net profits, as defined, combined with the retained net profits of the preceding two years, subject to the capital requirements and additional restrictions as discussed below. During 2020 the Banks could, without prior approval, declare dividends to the Company of approximately $11.4 million plus any 2020 net profits retained to the date of the dividend declaration. The Company and the subsidiary Banks are subject to various regulatory capital requirements administered by the federal banking agencies. Failure to meet minimum capital requirements can initiate certain mandatory and possibly additional discretionary actions by regulators that, if undertaken, could have a direct material effect on the Company’s financial statements. Under capital adequacy guidelines and the regulatory framework for prompt corrective action, the Banks must meet specific guidelines that involve quantitative measures of their assets, liabilities, and certain off-balance sheet items as calculated under regulatory accounting practices. In 2020, the Company elected to adopt regulatory capital simplification rules permitting bank holding companies of Premier’s size to utilize one measure of regulatory capital, the community bank leverage ratio (also known as the “CBLR”), to determine regulatory capital adequacy. The community bank leverage ratio requires a higher amount of Tier 1 capital to average assets than the standard leverage ratio to be considered well capitalized. However, meeting this higher standard eliminates the need to compute and monitor the Tier 1 risk-based capital ratio, the Common Equity Tier 1 risk-based capital ratio and the total risk-based capital ratio as well as maintain the 2.50% regulatory capital buffer necessary to avoid limitations on equity distributions and discretionary bonus payments. Other criteria required to be able to utilize the CBLR as the sole measure of capital adequacy include 1.) total assets less than $10.0 billion, 2.) trading assets and liabilities equal to less than 5.0% of total assets and 3.) off-balance sheet exposures, such as the unused portion of conditionally cancellable lines of credit, equal to less than 25% of total assets. Premier and its subsidiary banks meet all three of these criteria and have elected to utilize the CBLR as their measure of regulatory capital adequacy . Under interim guidance issued in June 2020, a community bank leverage ratio of Total Tier 1 capital to quarterly average assets must be at least 8.0% to be considered well capitalized. Premier’s Tier 1 capital totaled $200.1 million at June 30, 2020, which represents a community bank leverage ratio of 10.9%. Premier’s wholly owned subsidiary Citizens Deposit Bank adopted the CBLR simplification standard during the second quarter of 2020 as its Tier 1 leverage ratio was 8.2% at June 30, 2020. Premier’s other wholly owned subsidiary bank, Premier Bank, Inc., adopted the regulatory capital simplification rules in the first quarter and maintained a CBLR of 11.0% at June 30, 2020, well in excess of the 8.0% required to be considered well capitalized under the prompt corrective action framework. Shown below is a summary of regulatory capital ratios for the Company: June 30, 2020 December 31, 2019 Regulatory Minimum Requirements To Be Considered Well Capitalized Tier 1 Capital to average assets (CBLR): 10.9 % 11.3 % 8.0 % 8.0 %

PREMISES AND EQUIPMENT

PREMISES AND EQUIPMENT	6 Months Ended
	Jun. 30, 2020
PREMISES AND EQUIPMENT [Abstract]
PREMISES AND EQUIPMENT	NOTE 5 – PREMISES AND EQUIPMENT The Company leases certain banking facilities and equipment under various agreements with original terms provide for fixed monthly payments over periods generally ranging from two Total lease expense for the months ended , , which is included in net occupancy and equipment expense, was $ , consisting of $ short-term lease expense and $ of operating lease expense. Total lease expense for the six months ended June 30, 2019, which is included in net occupancy and equipment expense, was $622,000, consisting of $48,000 short-term lease expense and $574,000 of operating lease expense. For the three months ended June 30, 2019, lease expense was $310,000, consisting of $20,000 short-term lease expense and $290,000 of operating lease expense. The following table summarizes the future minimum rental commitments under operating leases: 2020 $ 556 2021 1,067 2022 1,050 2023 805 2024 680 2025 and Thereafter 3,494 Total undiscounted cash flows 7,652 Discounted cash flows (422 ) Total lease liability $ 7,230

STOCK COMPENSATION EXPENSE

STOCK COMPENSATION EXPENSE	6 Months Ended
	Jun. 30, 2020
STOCK COMPENSATION EXPENSE [Abstract]
STOCK COMPENSATION EXPENSE	NOTE 6 – STOCK COMPENSATION EXPENSE From time to time the Company grants stock options to its employees. The Company estimates the fair value of the options at the time they are granted to employees and expenses that fair value over the vesting period of the option grant. On March 18, 2020, 74,025 incentive stock options were granted under the 2012 Long Term Incentive Plan at an exercise price of $8.50, the closing market price of Premier’s common stock on the grant date. These options vest in three three On June 9, 2020, 11,000 shares of Premier’s common stock were granted to President and CEO, Robert W. Walker as stock-based bonus compensation under the 2012 Long-term Incentive Plan. The fair value of the stock at the time of the grant was $14.54 per share based upon the closing price of Premier’s stock on the date of grant and $160,000 of stock-based compensation was recorded as a result. On April 17, 2019, 7,500 shares of Premier’s common stock were granted to President and CEO, Robert W. Walker as stock-based bonus compensation under the 2012 Long-term Incentive Plan. The fair value of the stock at the time of the grant was $16.78 per share based upon the closing price of Premier’s stock on the date of grant and $126,000 of stock-based compensation was recorded as a result. Compensation expense of $226,000 was recorded for the first six months of 2020 while $209,000 was recorded for the first six months of 2019. Stock-based compensation expense related to incentive stock option grants is recognized ratably over the requisite vesting period for all awards. Unrecognized stock-based compensation expense related to stock options totaled $101,000 at June 30, 2020. This unrecognized expense is expected to be recognized over the next 32 months based on the vesting periods of the options.

EARNINGS PER SHARE

EARNINGS PER SHARE	6 Months Ended
	Jun. 30, 2020
EARNINGS PER SHARE [Abstract]
EARNINGS PER SHARE	NOTE 7 – EARNINGS PER SHARE A reconciliation of the numerators and denominators of the earnings per common share and earnings per common share assuming dilution computations for the three and six months ended June 30, 2020 and 2019 is presented below: Three Months Ended June 30, Six Months Ended June 30, 2020 2019 2020 2019 Basic earnings per share Income available to common stockholders $ 5,506 $ 5,859 $ 10,874 $ 12,035 Weighted average common shares outstanding 14,664,916 14,636,569 14,661,957 14,631,430 Earnings per share $ 0.38 $ 0.40 $ 0.74 $ 0.82 Diluted earnings per share Income available to common stockholders $ 5,506 $ 5,859 $ 10,874 $ 12,035 Weighted average common shares outstanding 14,725,075 14,718,419 14,728,208 14,708,377 Add dilutive effects of potential additional common stock 60,159 81,850 66,251 76,947 Weighted average common and dilutive potential common shares outstanding 14,725,075 14,718,419 14,728,208 14,708,377 Earnings per share assuming dilution $ 0.37 $ 0.40 $ 0.74 $ 0.82 Stock options for 183,242 shares of common stock were not considered in computing diluted earnings per share for the three and six months ended June 30, 2020 because they were antidultive. There were no stock options considered antidilutive for the three and six months ended June 30, 2019.

FAIR VALUE

FAIR VALUE	6 Months Ended
	Jun. 30, 2020
FAIR VALUE [Abstract]
FAIR VALUE	NOTE 8 - FAIR VALUE Fair value is the exchange price that would be received for an asset or paid to transfer a liability (an exit price) in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants on the measurement date. There are three levels of inputs that may be used to measure fair value: Level 1: Quoted prices (unadjusted) for identical assets or liabilities in active markets that the entity has the ability to access as of the measurement date. Level 2: Significant other observable inputs other than Level 1 prices such as quoted prices for similar assets or liabilities; quoted prices in markets that are not active; or other inputs that are observable or can be corroborated by observable market data. Level 3: Significant unobservable inputs that reflect a company’s own assumptions about the assumptions that market participants would use in pricing an asset or liability. When possible, the Company looks to active and observable markets to price identical assets or liabilities. When identical assets and liabilities are not traded in active markets, the Company looks to observable market data for similar assets and liabilities. However, certain assets and liabilities are not traded in observable markets and the Company must use other valuation methods to develop a fair value. Carrying amount is the estimated fair value for cash and due from banks, Federal funds sold, accrued interest receivable and payable, demand deposits, short-term debt, and deposits that reprice frequently and fully. Fair values of time deposits with other banks are based on current rates for similar time deposits using the remaining time to maturity. It was not practicable to determine the fair value of Federal Home Loan Bank stock due to the restrictions placed on its transferability. For deposits and variable rate deposits with infrequent repricing, fair value is based on discounted cash flows using current market rates applied to the estimated life. Fair values for loans is measured at the exit price notion by using the discounted cash flow or collateral value but also incorporates additional factors such as using economic factors, credit risk, and market rates and conditions. Fair values for impaired loans are estimated using discounted cash flow analysis or underlying collateral values. Fair value of debt is based on current rates for similar financing. The fair value of commitments to extend credit and standby letters of credit is not material. The Company used the following methods and significant assumptions to estimate the fair value of each type of financial instrument measured on a recurring basis: Investment Securities: The fair values for investment securities are determined by quoted market prices, if available (Level 1). For securities where quoted prices are not available, fair values are calculated based on market prices of similar securities (Level 2). For securities where quoted prices or market prices of similar securities are not available, fair values are calculated using discounted cash flows or other market indicators (Level 3). The carrying amounts and estimated fair values of financial instruments at June 30, 2020 were as follows: Carrying Fair Value Measurements at June 30, 2020 Using Amount Level 1 Level 2 Level 3 Total Financial assets Cash and due from banks $ 124,647 $ 124,647 $ - $ - $ 124,647 Time deposits with other banks 598 – 601 – 601 Federal funds sold 8,365 8,365 – – 8,365 Securities available for sale 416,700 - 416,700 - 416,700 Loans, net 1,250,614 - - 1,251,278 1,251,278 Interest receivable 5,997 - 1,282 4,715 5,997 Financial liabilities Deposits $ 1,608,151 $ 1,243,622 $ 365,688 $ - $ 1,609,310 Securities sold under agreements to repurchase 27,737 - 27,737 - 27,737 FHLB advance 2,995 - 3,003 - 3,003 Subordinated debt 5,455 - 5,354 - 5,354 Interest payable 638 7 631 - 638 The carrying amounts and estimated fair values of financial instruments at December 31, 2019 were as follows: Carrying Fair Value Measurements at December 31, 2019 Using Amount Level 1 Level 2 Level 3 Total Financial assets Cash and due from banks $ 88,556 $ 88,556 $ – $ – $ 88,556 Time deposits with other banks 598 – 599 – 599 Federal funds sold 5,902 5,902 – – 5,902 Securities available for sale 390,754 – 390,754 – 390,754 Loans, net 1,181,753 – – 1,172,755 1,172,755 Interest receivable 4,699 4 1,110 3,585 4,699 Financial liabilities Deposits $ 1,495,753 $ 1,068,399 $ 424,886 $ – $ 1,493,285 Securities sold under agreements to repurchase 20,428 – 20,428 – 20,428 FHLB advance 6,375 – 6,352 – 6,352 Subordinated debt 5,436 – 5,527 – 5,527 Interest payable 912 15 897 – 912 Assets and Liabilities Measured on a Recurring Basis Assets and liabilities measured at fair value on a recurring basis are summarized below: Fair Value Measurements at June 30, 2020 Using: Carrying Value Quoted Prices in Active Markets for Identical Assets (Level 1) Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) Available for sale Mortgage-backed securities U. S. agency MBS - residential $ 316,143 $ - $ 316,143 $ - U. S. agency CMO’s - residential 49,196 - 49,196 - Total mortgage-backed securities of government sponsored agencies 365,339 - 365,339 - U. S. government sponsored agency securities 9,546 - 9,546 - Obligations of states and political subdivisions 39,724 - 39,724 - Other securities 2,091 - 2,091 - Total securities available for sale $ 416,700 $ - $ 416,700 $ - Fair Value Measurements at December 31, 2019 Using: Carrying Value Quoted Prices in Active Markets for Identical Assets (Level 1) Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) Available for sale Mortgage-backed securities U. S. agency MBS - residential $ 279,309 $ - $ 279,309 $ - U. S. agency CMO’s 62,644 - 62,644 - Total mortgage-backed securities of government sponsored agencies 341,953 - 341,953 - U. S. government sponsored agency securities 30,730 - 30,730 - Obligations of states and political subdivisions 16,017 - 16,017 - Other securities 2,054 - 2,054 - Total securities available for sale $ 390,754 $ - $ 390,754 $ - There were no transfers between Level 1 and Level 2 during 2020 or 2019. Assets and Liabilities Measured on a Non-Recurring Basis The Company used the following methods and significant assumptions to estimate the fair value of each type of financial instrument measured on a non-recurring basis: Impaired loans: Other real estate owned (OREO): Assets and liabilities measured at fair value on a non-recurring basis at June 30, 2020 are summarized below: Fair Value Measurements at June 30, 2020 Using Carrying Value Quoted Prices in Active Markets for Identical Assets (Level 1) Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) Assets: Impaired loans: Multifamily real estate $ 1,843 $ - $ - $ 1,843 Commercial real estate Non-owner occupied 3,151 - - 3,151 Commercial and industrial 317 - - 317 Total impaired loans $ 5,311 $ - $ - $ 5,311 Other real estate owned: Residential real estate $ 205 $ - $ - $ 205 Commercial real estate Owner occupied 529 – – 529 Multifamily real estate 9,503 - - 9,503 Construction and land 551 - - 551 Total OREO $ 10,788 $ - $ - $ 10,788 Impaired Note 3 above Other real estate owned measured at fair value less costs to sell had a net carrying amount of $10,788,000 which is made up of the outstanding balance of $12,435,000 net of a valuation allowance of $1,647,000 at June 30, 2020. There were $277,000 of write downs during the six months ended June 30, 2020, compared to $131,000 of write downs during the six months ended June 30, 2019. For the three months ended June 30, 2020 there were $277,000 of additional write downs compared to $131,000 of additional write downs during the three months ended June 30, 2019. At December 31, 2019, other real estate owned had a net carrying amount of $10,875,000, made up of the outstanding balance of $12,474,000, net of a valuation allowance of $1,599,000. The significant unobservable inputs related to assets and liabilities measured at fair value on a non-recurring basis at June 30, 2020 are summarized below: June 30, 2020 Valuation Techniques Unobservable Inputs Range (Weighted Avg) Impaired loans: Multifamily real estate $ 1,843 sales comparison adjustment for estimated realizable value 13.9%-67.4% (43.9 %) Commercial real estate Non-owner occupied 3,151 income approach adjustment for differences in net operating income expectations 13.9%-67.4% (43.9 %) Commercial and industrial 317 sales comparison adjustment for estimated realizable value 25.0%-86.1% (45.8 %) Total impaired loans $ 5,311 Other real estate owned: Residential real estate $ 205 sales comparison adjustment for estimated realizable value 0.2%-59.8% (18.1 %) Multifamily real estate 9,503 income approach adjustment for differences in net operating income expectations 26.2%-26.2% (26.2 %) Commercial real estate Owner occupied 529 sales comparison adjustment for estimated realizable value 29.5%-29.5% (29.5 %) Construction and land 551 sales comparison adjustment for estimated realizable value 50.3%-86.3% (76.5 %) Total OREO $ 10,788 Assets and liabilities measured at fair value on a non-recurring basis at December 31, 2019 are summarized below: Fair Value Measurements at December 31, 2019 Using Carrying Value Quoted Prices in Active Markets for Identical Assets (Level 1) Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) Assets: Impaired loans: Multifamily real estate $ 1,900 $ - $ - $ 1,900 Commercial real estate Owner occupied 509 - - 509 Non-owner occupied 2,266 - - 2,266 Commercial and industrial 288 - - 288 Construction and land 380 - - 380 Total impaired loans $ 5,343 $ - $ - $ 5,343 Other real estate owned: Residential real estate $ 249 $ - $ - $ 249 Multifamily real estate 9,588 - - 9,588 Commercial real estate Owner occupied 288 - - 288 Construction and land 750 - - 750 Total OREO $ 10,875 $ - $ - $ 10,875 The significant unobservable inputs related to assets and liabilities measured at fair value on a non-recurring basis at December 31, 2019 are summarized below: The significant unobservable inputs related to assets and liabilities measured at fair value on a non-recurring basis at December 31, 2019 are summarized below: December 31, 2019 Valuation Techniques Unobservable Inputs Range (Weighted Avg) Impaired loans: Multifamily real estate $ 1,900 sales comparison adjustment for estimated realizable value 58.9%-58.9% (58.9 %) Commercial real estate Owner occupied 509 sales comparison adjustment for estimated realizable value 76.1%-76.1% (76.1 %) Non-owner occupied 2,266 income approach adjustment for differences in net operating income expectations 36.6%-67.4% (60.6 %) Commercial and industrial 288 sales comparison adjustment for estimated realizable value 25.0%-87.0% (43.6 %) Construction and land 380 sales comparison adjustment for estimated realizable value 56.5%-56.5% (56.5 %) Total impaired loans $ 5,343 Other real estate owned: Residential real estate $ 249 sales comparison adjustment for estimated realizable value 0.2%-59.8% (17.5 %) Multifamily real estate 9,588 income approach adjustment for differences in net operating income expectations 25.6%-25.6% (25.6 %) Commercial real estate Owner occupied 288 sales comparison adjustment for estimated realizable value 14.6%-70.4% (34.0 %) Construction and land 750 sales comparison adjustment for estimated realizable value 50.3%-69.9% (66.0 %) Total OREO $ 10,875 Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations FORWARD-LOOKING STATEMENTS Management's discussion and analysis contains forward-looking statements that are provided to assist in the understanding of anticipated future financial performance. However, such performance involves risks and uncertainties, and there are certain important factors that may cause actual results to differ materially from those anticipated. Furthermore, uncertainty related to future economic conditions resulting from government actions designed to curb the spread of the COVID-19 virus may affect Premier’s operations more or less than currently estimated. These important factors include, but are not limited to, those set forth in Premier’s Annual Report on Form 10-K for the year ended December 31, 2019, under Item 1A – Risk Factors A. Results of Operations A financial institution’s primary sources of revenue are generated by interest income on loans, investments and other earning assets, while its major expenses are produced by the funding of these assets with interest bearing liabilities. Effective management of these sources and uses of funds is essential in attaining a financial institution’s optimal profitability while maintaining a minimum amount of interest rate risk and credit risk. Net income for the six months ended June 30, 2020 was $10,874,000, or $0.74 per diluted share, compared to net income of $12,035,000, or $0.82 per diluted share, for the six months ended June 30, 2019. The decrease in net income in the first six months of 2020 is largely due to decreases in interest income and non-interest income, coupled with an increase in the provision for loan losses and an increase in non-interest expense. These changes that negatively affected net income more than offset decreases in interest expense and income tax expense. The provision for loan losses increased by $700,000, or 78.7%, in the first six months of 2020, largely to provide for the $1,650,000 of estimated additional credit risk in the loan portfolio related to consequences of the national economic shutdown aimed to moderate the spread of the novel corona virus of 2019 (“COVID-19”). The annualized returns on average common shareholders’ equity and average assets were approximately 8.72% and 1.19% for the six months ended June 30, 2020 compared to 10.70% and 1.41% for the same period in 2019. Net income for the three months ended June 30, 2020 was $5,506,000, or $0.37 per diluted share, compared to net income of $5,859,000, or $0.40 per diluted share for the three months ended June 30, 2019. The decrease in income in the second quarter of 2020 is largely due to a decrease in interest income on investments and other liquid assets, a decrease in non-interest income, and an increase in provision for loan losses, all of which more than offset a decrease in interest expense and an increase in interest income on loans. A majority of these changes were largely in response to changes in the economy related to COVID-19, whether a result of governmental stimulus to depositors and borrowers, Federal Reserve Board of Governors’ changes in interest rate policy to stimulate the economy and/or customer behavior in response to government guidelines aimed to minimize the spread of COVID-19, as more fully explained throughout this analysis below. The annualized returns on average common shareholders’ equity and average assets were approximately 8.68% and 1.17% for the three months ended June 30, 2020 compared to 10.26% and 1.36% for the same period in 2019. Net interest income for the six months ended June 30, 2020 totaled $33.151 million, a decrease of $339,000, or 1.0%, from the $33.490 million of net interest income earned in the first six months of 2019. Interest income in 2020 decreased by $888,000, or 2.3%, largely due to a $539,000, or 65.5%, decrease in interest income on interest-bearing bank balances and federal funds sold, and a $346,000, or 1.1%, decrease in interest income on loans. Interest income on interest-bearing bank balances and federal funds sold decreased in the first six months of 2020 when compared to the same six months of 2019 due to significant decreases in the earning yields on these balances, although the average balance increased from $66.5 million during the first six months of 2019 to $91.8 million during the first six months of 2020. Earning yields dropped significantly in response to the Federal Reserve Board of Governors’ policy decision to drop the targeted federal funds rate to a range of 0.00% to 0.25% on March 16, 2020. The policy decision was an effort to stimulate the economy during government actions to curb the spread of COVID-19 requiring non-essential business closures. For comparison, the targeted rate from January 1 to March 2, 2020 was 1.50% to 1.75% and during the entire first six months of 2019, the targeted rate ranged from 2.25% to 2.50%. The actions taken by the Federal Reserve Board of Governors to reduce short-term interest rates reduced Premier’s earning yield on these highly liquid funds to an average of 0.62% during the first six months of 2020, compared to an average yield of 2.50% during the same six months of 2019. The decrease in interest income on loans was the result of a few opposing changes in loan interest income. During the first six months of 2020, approximately $543,000 of interest income was realized from deferred interest and discounts recognized on loans that paid-off or paid-down during the first six months of 2020 compared to $1,012,000 of interest income of this kind recognized during the first six months of 2019. The loan payments in 2019 and 2020 included both non-accrual loans and performing loans that were once on non-accrual status. As a result of the higher level of recognition in 2019, interest income on loans decreased by $469,000. Otherwise, interest income on loans increased by $123,000, or 0.4%, in the first six months of 2020. This increase includes approximately $1,007,000 of interest income on loans acquired from the acquisition of the First National Bank of Jackson (“Jackson”) on October 25, 2019. Interest income on these loans is included in Premier’s loan interest income only from the date of acquisition in October 2019 and therefore no interest income from these loans is included in the first six months of 2019. Excluding the loan interest income earned on the Jackson loans and the decrease in deferred interest and discounts recognized on loans, interest income on loans decreased by $884,000, or 2.8%, in the first six months of 2020 when compared to the same six months of 2019, largely due to a decrease in the average yield on the loan portfolio from 5.50% in the first six months of 2019 to 5.21% in the first six months of 2020. Premier’s participation in the Small Business Administration’s (“SBA”) Paycheck Protection Program (“PPP”) resulted in $114,192,000 of new loans during the second quarter of 2020. These loans increased the six-month average loans outstanding by approximately $42,068,000 and increased interest income on loans during the first six months of 2020 by approximately $824,000. Without Premier’s participation in the SBA PPP loan program, and excluding the average loans from the Jackson acquisition, average loans outstanding during the first six months of 2020 would have decreased by $15,920,000, or 1.4%, when compared to the average loans outstanding during the first six months of 2019. Interest income on investment securities in the first six months of 2020 was relatively unchanged at $4,828,000 compared to $4,831,000 in the first six months of 2019. While the average balance of investments increased by $27.680 million in the first six months of 2020 when compared to the same six months of 2019, the average yield earned decreased to 2.48% in 2020 from 2.65% in 2019. The net result was little change in investment interest income in the first six-month comparison of 2020 to the first six months of 2019. Partially offsetting the decrease in interest income in the first six months of 2020 was a $549,000, or 11.7%, decrease in interest expense, driven by a decrease in interest expense on deposits. Interest expense on deposits decreased by $455,000, or 10.5% in the first half of 2020, largely due to decreases in the average rate paid on certificates of deposit, savings deposits, and NOW and money market deposits during the first six months of 2020 compared to the same period in 2019. Further interest expense savings were realized due to decreases in the average balance of higher-costing certificates of deposit during the first six months of 2020 compared to the same period in 2019. Nevertheless, average interest-bearing deposit balances increased by $68.6 million, or 6.5%, in the first six months of 2020 compared to the same period of 2019, largely due to the acquisition of Jackson in the fourth quarter of 2019. The average interest rate paid on interest-bearing deposits decreased by 13 basis points from 0.83% during the first six months of 2019 to 0.70% during the first six months of 2020. Decreases in short-term rates resulting from actions by the Federal Reserve Board of Governors to reduce the targeted federal funds rate to a range of 0.00% to 0.25% on March 16, 2020, plus an inflow of funds from direct stimulus payments from the U.S. Treasury to deposit account holders in an effort to offset some of the negative effects of COVID-19 governmental restrictions on non-essential businesses, have resulted in a decrease in competition for bank deposit rates. As a result, the average interest rate paid on highly liquid NOW and money market deposits decreased by 13 basis points and the average rate paid on savings deposits decreased by 12 basis points in the first six months of 2020 when compared to the first six months of 2019. Even with these resulting decreases in the average rate paid on transaction based deposits, the average outstanding balance of transaction based deposits increased with less than half of the increase coming from the acquisition of Jackson. NOW and money market deposit account balances averaged $452.771 million in the first six months of 2020, a $48.125 million increase over the average outstanding balances during the first six months of 2019. Approximately $11.889 million of this increase is attributed to the two Jackson branches acquired in the fourth quarter of 2019. The remaining $36.236 million, or 9.0%, increase was largely due to other sources of deposit funds, such as direct stimulus payments from the U.S. Treasury to deposit account holders, the initial retention of proceeds by SBA PPP loan borrowers, and a lack of deposit withdrawals resulting from normal consumer spending habits as non-essential businesses were required to close in an effort to help curb the spread of the COVID-19 virus. Similarly, savings deposit account balances averaged $271.872 million in the first six months of 2020, a $26.781 million increase over the average outstanding balances during the first six months of 2019. Approximately $19.951 million of this increase is attributed to the two Jackson branches acquired in the fourth quarter of 2019. The remaining $6.8 million, or 2.8%, increase was due to other sources of deposit funds as noted above. Even with the increases in their average balances, interest expense savings on interest-bearing transaction deposit accounts totaled $340,000 of the $455,000 decrease in interest expense on interest-bearing deposits, largely as a result of rate reductions on NOW, money market and savings deposit accounts. The remaining $115,000 decrease in interest expense on deposit accounts came from a decrease in average outstanding certificates of deposits and a minor decrease in the average rates paid in the first six months of 2020 when compared to the first six months of 2019. Certificates of deposit decreased on average by approximately $6.335 million, or 1.6%. Yet, even when factoring in the approximately $38.063 million of average certificate of deposit balances from the two Jackson branches included in the first six months of 2020 but not part of Premier in the first six months of 2019, average certificate of deposit balances in Premier’s other branch locations decreased by $44.398 million or 11.0% in the first six months of 2020, when compared to the same six months of 2019. As certificates mature, depositors are either seeking higher deposit rates from other competitive depository institutions or are transferring their balances to more liquid interest-bearing deposit accounts such as NOW, money market and savings deposits as a means to keep immediate access to their funds during the uncertainty of employment or economic conditions. Additional interest expense savings have been realized in the first six months of 2020 from the reduction in outstanding Federal Home Loan Bank (“FHLB”) borrowings and other borrowings at the parent company. Interest expense on FHLB borrowings decreased by $50,000, or 48.5%, in the first six months of 2020 when compared to the same six months of 2019, largely due to the payment upon maturity of approximately $5.4 million of FHLB borrowings since the end of January 2019. Average FHLB borrowings decreased by $2.9 million in the first six months of 2020 compared to the same six months of 2019. In addition, the average rate paid on FHLB borrowings in 2020 decreased by 39 basis points to 2.54% from the average rate paid during the first six months of 2019. Interest on other borrowings at the parent company decreased by $31,000. This borrowing was fully repaid during the first half of 2019 and therefore no interest expense was recognized on this debt in 2020. Also contributing to the decrease in interest expense during the first six months of 2020 was a $31,000, or 16.3%, decrease in interest expense on Premier’s subordinated debt due to a decrease in the variable interest rate paid in 2020 compared to the first six months of 2019. The variable interest rate is indexed to the short-term three-month London Interbank Offered Rate (“LIBOR”), interest rate, which was lower in the first six months of 2020 in conjunction with decreases in short-term interest rate policy by the Federal Reserve Board of Governors. Contrary to these interest expense savings, interest expense on short-term borrowings, primarily customer repurchase agreements, increased by $18,000, or 85.7%, in 2020 when compared to 2019. The additional interest expense was largely due to a 15 basis point increase in the average rate paid on a 3.2% higher average balance outstanding during the first six months of 2020. Premier’s net interest margin during the first six months of 2020 was 3.91% compared to 4.25% for the first six months of 2019. A portion of the interest income on loans is the result of recognizing deferred interest income on loans that paid-off during the period. Excluding this income, Premier’s net interest margin during the first six months of 2020 would have been 3.85% compared to 4.12% for the first six months of 2019. As shown in the table below, Premier’s yield earned on federal funds sold and interest bearing bank balances decreased to 0.62% in the first six months of 2020, from the 2.50% earned in the first six months of 2019. The average yield earned on securities available for sale decreased to 2.48% in the first six months of 2020, from the 2.65% earned during the first six months of 2019. Similarly, the average yield earned on total loans outstanding decreased to 5.31% in 2020 from the 5.68% earned during the first six months of 2019. Earning asset yields have decreased generally in response to decreases in long-term interest rates driven by economic uncertainty resulting from worldwide governmental actions intended to curb the spread of the COVID-19 virus. The Federal Reserve Board of Governors also dramatically reduced its the short-term interest rate policy as a means to stimulate the economy of the United States responsive to COVID-19 governmental actions. As new loans have been made with lower interest rates, some borrowers have requested interest rate lowering adjustments on their existing loans with Premier. Premier has been very selective in granting these loan interest rate concessions. Nevertheless, the impact of both on the average loan yield in the first six months of 2020 has been a decrease of approximately 37 basis points when compared to the first six months of 2019. Similar to the decrease in earning asset yields, the average rate paid on interest bearing liabilities decreased from 0.87% during the first six months of 2019 to 0.72% in the first six months of 2020. The average rates paid on interest-bearing deposits decreased from 0.83% in the first six months to 2019 to 0.70% during the first six months of 2020, largely due to lower rates paid on savings deposits and transaction based interest bearing deposits. Furthermore, the average rate paid on Premier’s variable rate subordinated debentures decreased from 7.08% in the first six months of 2019 to 5.87% in the first six months of 2020 due to decreases in short-term interest rate policy by the Federal Reserve and the impact on market short-term interest rates. Due to competition for funds in Premier’s Washington DC metro market, the average rate paid on short-term borrowings, primarily customer repurchase agreements, increased by 15 basis points to 0.34% in the first six months of 2020, while the average interest rate on the fixed rate FHLB borrowings assumed in the acquisition of First Bank of Charleston decreased to 2.54% as higher cost borrowings have been repaid upon maturity. The overall effect was to decrease Premier’s net interest spread by 30 basis points to 3.68% and decrease Premier’s net interest margin by 34 basis points to 3.91% in the first six months of 2020 when compared to the first six months of 2019. Additional information on Premier’s net interest income for the six months of 2020 and six months of 2019 is contained in the following table. PREMIER FINANCIAL BANCORP, INC. AVERAGE CONSOLIDATED BALANCE SHEETS AND NET INTEREST INCOME ANALYSIS Six Months Ended June 30, 2020 Six Months Ended June 30, 2019 Balance Interest Yield/Rate Balance Interest Yield/Rate Assets Interest Earning Assets Federal funds sold and other $ 91,842 $ 284 0.62 % $ 66,493 $ 823 2.50 % Securities available for sale Taxable 369,836 4,557 2.46 354,497 4,651 2.62 Tax-exempt 25,632 271 2.68 13,291 180 3.43 Total investment securities 395,468 4,828 2.48 367,788 4,831 2.65 Total loans 1,218,360 32,170 5.31 1,154,691 32,516 5.68 Total interest-earning assets 1,705,670 37,282 4.40 % 1,588,972 38,170 4.85 % Allowance for loan losses (13,816 ) (13,751 ) Cash and due from banks 22,827 23,768 Other assets 107,310 109,922 Total assets $ 1,821,991 $ 1,708,911 Liabilities and Equity Interest-bearing liabilities Interest-bearing deposits $ 1,121,858 3,880 0.70 $ 1,053,286 4,335 0.83 Short-term borrowings 22,750 39 0.34 22,054 21 0.19 FHLB Advances 4,201 53 2.54 7,082 103 2.93 Other borrowings - - 0.00 1,432 31 4.37 Subordinated debt 5,444 159 5.87 5,412 190 7.08 Total interest-bearing liabilities 1,154,253 4,131 0.72 % 1,089,266 4,680 0.87 % Non-interest bearing deposits 406,163 383,128 Other liabilities 12,106 11,468 Stockholders’ equity 249,469 225,049 Total liabilities and equity $ 1,821,991 $ 1,708,911 Net interest earnings $ 33,151 $ 33,490 Net interest spread 3.68 % 3.98 % Net interest margin 3.91 % 4.25 % Additional information on Premier’s net interest income for the second quarter of 2020 and second quarter of 2019 is contained in the following table. PREMIER FINANCIAL BANCORP, INC. AVERAGE CONSOLIDATED BALANCE SHEETS AND NET INTEREST INCOME ANALYSIS Three Months Ended June 30, 2020 Three Months Ended June 30, 2019 Balance Interest Yield/Rate Balance Interest Yield/Rate Assets Interest Earning Assets Federal funds sold and other $ 112,513 $ 26 0.09 % $ 81,672 $ 478 2.35 % Securities available for sale Taxable 365,394 2,014 2.20 356,862 2,313 2.59 Tax-exempt 36,484 182 2.53 13,016 88 3.42 Total investment securities 401,878 2,196 2.23 369,878 2,401 2.62 Total loans 1,252,337 16,416 5.27 1,155,920 16,227 5.63 Total interest-earning assets 1,766,728 18,638 4.25 % 1,607,470 19,106 4.78 % Allowance for loan losses (14,039 ) (13,685 ) Cash and due from banks 22,980 23,461 Other assets 107,744 109,372 Total assets $ 1,883,413 $ 1,726,618 Liabilities and Equity Interest-bearing liabilities Interest-bearing deposits $ 1,132,726 1,715 0.61 $ 1,063,511 2,285 0.86 Short-term borrowings 25,653 15 0.24 21,938 12 0.22 FHLB Advances 4,253 23 2.18 6,496 48 2.96 Other borrowings - - 0.00 879 10 4.56 Subordinated debentures 5,448 76 5.61 5,416 96 7.11 Total interest-bearing liabilities 1,168,080 1,829 0.63 % 1,098,240 2,451 0.90 % Non-interest bearing deposits 448,766 388,752 Other liabilities 12,812 11,248 Stockholders’ equity 253,755 228,378 Total liabilities and equity $ 1,883,413 $ 1,726,618 Net interest earnings $ 16,809 $ 16,655 Net interest spread 3.62 % 3.88 % Net interest margin 3.83 %

BASIS OF PRESENTATION (Policies

BASIS OF PRESENTATION (Policies)	6 Months Ended
	Jun. 30, 2020
BASIS OF PRESENTATION [Abstract]
Consolidation	The consolidated financial statements include the accounts of Premier Financial Bancorp, Inc. (the Company) and its wholly owned subsidiaries (the “Banks”): Year Total June 30, 2020 Net Income Subsidiary Location Acquired Assets Qtr YTD Citizens Deposit Bank & Trust Vanceburg, Kentucky 1991 $ 578,556 $ 1,438 $ 3,021 Premier Bank, Inc. Huntington, West Virginia 1998 1,328,897 4,741 8,974 Parent and Intercompany Eliminations 7,541 (673 ) (1,121 ) Consolidated Total $ 1,914,994 $ 5,506 $ 10,874 All significant intercompany transactions and balances have been eliminated.
Estimates in the Financial Statements	Estimates in the Financial Statements:
Loans	Loans: Small Business Administration Paycheck Protection Plan:
Recently Issued Accounting Pronouncements	Recently Issued Accounting Pronouncements In June 2016, the FASB issued ASU No. 2016-13, Financial Instruments—Credit Losses: Measurement of Credit Losses on Financial Instruments

BASIS OF PRESENTATION (Tables)

BASIS OF PRESENTATION (Tables)	6 Months Ended
	Jun. 30, 2020
BASIS OF PRESENTATION [Abstract]
Accounts of the Company and its Wholly Owned Subsidiaries	The consolidated financial statements include the accounts of Premier Financial Bancorp, Inc. (the Company) and its wholly owned subsidiaries (the “Banks”): Year Total June 30, 2020 Net Income Subsidiary Location Acquired Assets Qtr YTD Citizens Deposit Bank & Trust Vanceburg, Kentucky 1991 $ 578,556 $ 1,438 $ 3,021 Premier Bank, Inc. Huntington, West Virginia 1998 1,328,897 4,741 8,974 Parent and Intercompany Eliminations 7,541 (673 ) (1,121 ) Consolidated Total $ 1,914,994 $ 5,506 $ 10,874

SECURITIES (Tables)

SECURITIES (Tables)	6 Months Ended
	Jun. 30, 2020
SECURITIES [Abstract]
Amortized Cost and Fair Value of Investment Securities, by Category	Amortized cost and fair value of investment securities, by category, at June 30, 2020 are summarized as follows: 2020 Amortized Cost Unrealized Gains Unrealized Losses Fair Value Available for sale Mortgage-backed securities U. S. sponsored agency MBS - residential $ 305,338 $ 11,053 $ (248 ) $ 316,143 U. S. sponsored agency CMO’s - residential 47,888 1,308 – 49,196 Total mortgage-backed securities of government sponsored agencies 353,226 12,361 (248 ) 365,339 U. S. government sponsored agency securities 9,392 154 – 9,546 Obligations of states and political subdivisions 38,541 1,183 – 39,724 Other securities 1,963 135 (7 ) 2,091 Total available for sale $ 403,122 $ 13,833 $ (255 ) $ 416,700 Amortized cost and fair value of investment securities, by category, at December 31, 2019 are summarized as follows: 2019 Amortized Cost Unrealized Gains Unrealized Losses Fair Value Available for sale Mortgage-backed securities U. S. sponsored agency MBS - residential $ 276,013 $ 3,618 $ (322 ) $ 279,309 U. S. sponsored agency CMO’s - residential 61,989 768 (113 ) 62,644 Total mortgage-backed securities of government sponsored agencies 338,002 4,386 (435 ) 341,953 U. S. government sponsored agency securities 30,538 280 (88 ) 30,730 Obligations of states and political subdivisions 15,570 453 (6 ) 16,017 Other securities 1,956 98 – 2,054 Total available for sale $ 386,066 $ 5,217 $ (529 ) $ 390,754
Amortized Cost and Fair Value of Securities by Contractual Maturity	The amortized cost and fair value of securities at June 30, 2020 by contractual maturity are shown below. Expected maturities will differ from contractual maturities because borrowers may have the right to call or prepay obligations with or without call or prepayment penalties. Amortized Cost Fair Value Available for sale Due in one year or less $ 8,742 $ 8,825 Due after one year through five years 26,090 26,718 Due after five years through ten years 9,437 9,716 Due after ten years 5,627 6,102 Mortgage-backed securities of government sponsored agencies 353,226 365,339 Total available for sale $ 403,122 $ 416,700
Securities with Unrealized Losses in Continuous Unrealized Loss Position	Securities with unrealized losses at June 30, 2020 aggregated by investment category and length of time that individual securities have been in a continuous unrealized loss position are as follows: Less than 12 Months 12 Months or More Total Description of Securities Fair Value Unrealized Loss Fair Value Unrealized Loss Fair Value Unrealized Loss U.S government sponsored agency MBS – residential $ 43,995 $ (248 ) $ – $ – $ 43,995 $ (248 ) Other securities 241 (7 ) – – 241 (7 ) Total temporarily impaired $ 44,236 $ (255 ) $ – $ – $ 44,236 $ (255 ) Securities with unrealized losses at December 31, 2019 aggregated by investment category and length of time that individual securities have been in a continuous unrealized loss position are as follows: Less than 12 Months 12 Months or More Total Description of Securities Fair Value Unrealized Loss Fair Value Unrealized Loss Fair Value Unrealized Loss U.S government sponsored agency securities $ 10,851 $ (84 ) $ 3,957 $ (4 ) $ 14,808 $ (88 ) U.S government sponsored agency MBS – residential 50,945 (199 ) 12,930 (123 ) 63,875 (322 ) U.S government sponsored agency CMO’s – residential 4,376 (3 ) 8,815 (110 ) 13,191 (113 ) Obligations of states and political subdivisions 1,866 (6 ) – – 1,866 (6 ) Total temporarily impaired $ 68,038 $ (292 ) $ 25,702 $ (237 ) $ 93,740 $ (529 )

LOANS (Tables)

LOANS (Tables)	6 Months Ended
	Jun. 30, 2020
LOANS [Abstract]
Major Classifications of Loans	Major classifications of loans at June 30, 2020 and December 31, 2019 are summarized as follows: 2020 2019 Residential real estate $ 390,150 $ 389,985 Multifamily real estate 37,376 36,684 Commercial real estate: Owner occupied 164,121 164,218 Non-owner occupied 303,141 304,316 Commercial and industrial 85,073 105,079 SBA PPP 110,690 – Consumer 25,416 29,007 Construction and land 115,053 136,138 All other 33,982 29,868 $ 1,265,002 $ 1,195,295
Activity in the Allowance for Loan Losses by Portfolio Segment	Activity in the allowance for loan losses by portfolio segment for the six months ended June 30, 2020 was as follows: Loan Class Balance December 31, 2019 Provision (credit) for loan losses Loans charged-off Recoveries Balance June 30, 2020 Residential real estate $ 1,711 $ 288 $ (94 ) $ 10 $ 1,915 Multifamily real estate 1,954 161 – – 2,115 Commercial real estate: Owner occupied 2,441 590 (566 ) 5 2,470 Non-owner occupied 3,184 1,200 (77 ) 3 4,310 Commercial and industrial 1,767 (247 ) (5 ) 39 1,554 Consumer 281 14 (99 ) 34 230 Construction and land 1,724 (529 ) – 38 1,233 All other 480 113 (94 ) 62 561 Total $ 13,542 $ 1,590 $ (935 ) $ 191 $ 14,388 Activity in the allowance for loan losses by portfolio segment for the six months ended June 30, 2019 was as follows: Loan Class Balance December 31, 2018 Provision (credit) for loan losses Loans charged-off Recoveries Balance June 30, 2019 Residential real estate $ 1,808 $ 104 $ (59 ) $ 27 $ 1,880 Multifamily real estate 1,649 65 – 2 1,716 Commercial real estate: Owner occupied 2,120 200 (533 ) 3 1,790 Non-owner occupied 3,058 277 (57 ) 2 3,280 Commercial and industrial 1,897 178 (113 ) 38 2,000 Consumer 351 129 (140 ) 28 368 Construction and land 2,255 (102 ) (13 ) – 2,140 All other 600 39 (97 ) 57 599 Total $ 13,738 $ 890 $ (1,012 ) $ 157 $ 13,773 Activity in the allowance for loan losses by portfolio segment for the three months ended June 30, 2020 was as follows: Loan Class Balance March 31, 2020 Provision (credit) for loan losses Loans charged-off Recoveries Balance June 30, 2020 Residential real estate $ 1,838 $ 72 $ (1 ) $ 6 $ 1,915 Multifamily real estate 2,104 11 – – 2,115 Commercial real estate: Owner occupied 2,220 248 – 2 2,470 Non-owner occupied 3,642 721 (53 ) – 4,310 Commercial and industrial 1,817 (269 ) (5 ) 11 1,554 Consumer 241 12 (30 ) 7 230 Construction and land 1,412 (180 ) – 1 1,233 All other 582 (25 ) (20 ) 24 561 Total $ 13,856 $ 590 $ (109 ) $ 51 $ 14,388 Activity in the allowance for loan losses by portfolio segment for the three months ended June 30, 2019 was as follows: Loan Class Balance March 31, 2019 Provision (credit) for loan losses Loans charged-off Recoveries Balance June 30, 2019 Residential real estate $ 1,823 $ 62 $ (27 ) $ 22 $ 1,880 Multifamily real estate 1,590 126 – – 1,716 Commercial real estate: Owner occupied 1,824 (36 ) – 2 1,790 Non-owner occupied 3,401 (123 ) – 2 3,280 Commercial and industrial 1,721 275 (3 ) 7 2,000 Consumer 365 19 (33 ) 17 368 Construction and land 2,149 (9 ) – – 2,140 All other 606 16 (46 ) 23 599 Total $ 13,479 $ 330 $ (109 ) $ 73 $ 13,773
Purchased Impaired Loans	The Company holds purchased loans for which there was, at their acquisition date, evidence of deterioration of credit quality since their origination and it was probable, at acquisition, that all contractually required payments would not be collected. The carrying amount of those loans is as follows at June 30, 2020 and December 31, 2019. 2020 2019 Residential real estate $ 2,384 $ 2,565 Commercial real estate Owner occupied 1,108 1,804 Non-owner occupied 2,482 2,628 Commercial and industrial 19 305 Consumer 17 22 Construction and land 416 483 All other 176 174 Total carrying amount $ 6,602 $ 7,981 Contractual principal balance $ 9,880 $ 11,681 Carrying amount, net of allowance $ 6,602 $ 7,981
Purchase Loans Accretable Yield, or Income Expected to be Collected	The accretable yield, or income expected to be collected, on the purchased loans above is as follows at June 30, 2020 and June 30, 2019. 2020 2019 Balance at January 1 $ 619 $ 642 New loans purchased – – Accretion of income (59 ) (94 ) Loans placed on non-accrual – – Income recognized upon full repayment (65 ) (73 ) Reclassifications to accretable difference (190 ) – Disposals – – Balance at June 30 $ 305 $ 475
Past Due and Non-performing Loans	The following tables present the recorded investment in nonaccrual and loans past due over 90 days still on accrual by class of loans as of June 30, 2020 and December 31, 2019. The recorded investment in non-accrual loans is less than the principal owed on non-accrual loans due to discounts applied to the carrying value of the loan at time of their acquisition and interest payments made by the borrower which have been used to reduce the recorded investment in the loan rather than recognized as interest income. June 30, 2020 Principal Owed on Non-accrual Loans Recorded Investment in Non-accrual Loans Loans Past Due Over 90 Days, still accruing Residential real estate $ 5,460 $ 4,197 $ 748 Multifamily real estate 4,088 3,708 – Commercial real estate Owner occupied 2,160 1,734 9 Non-owner occupied 4,042 2,726 – Commercial and industrial 1,341 787 74 Consumer 324 236 – Construction and land 355 313 149 All other 75 60 – Total $ 17,845 $ 13,761 $ 980 December 31, 2019 Principal Owed on Non-accrual Loans Recorded Investment in Non-accrual Loans Loans Past Due Over 90 Days, still accruing Residential real estate $ 5,801 $ 4,618 $ 1,425 Multifamily real estate 4,113 3,726 – Commercial real estate Owner occupied 3,399 2,995 – Non-owner occupied 3,120 1,852 340 Commercial and industrial 1,026 420 451 Consumer 364 313 9 Construction and land 470 440 3 All other 75 73 – Total $ 18,368 $ 14,437 $ 2,228
Aging of Recorded Investment in Past Due Loans by Loan Class	The following table presents the aging of the recorded investment in past due loans as of June 30, 2020 by class of loans: Loan Class Total Loans 30-89 Days Past Due Greater than 90 Days Past Due Total Past Due Loans Not Past Due Residential real estate $ 390,150 $ 3,971 $ 2,802 $ 6,773 $ 383,377 Multifamily real estate 37,376 – 3,708 3,708 33,668 Commercial real estate: Owner occupied 164,121 26 505 531 163,590 Non-owner occupied 303,141 – 1,591 1,591 301,550 Commercial and industrial 85,073 703 723 1,426 83,647 SBA PPP 110,690 – – – 110,690 Consumer 25,416 96 112 208 25,208 Construction and land 115,053 4 152 156 114,897 All other 33,982 – 60 60 33,922 Total $ 1,265,002 $ 4,800 $ 9,653 $ 14,453 $ 1,250,549 The following table presents the aging of the recorded investment in past due loans as of December 31, 2019 by class of loans: Loan Class Total Loans 30-89 Days Past Due Greater than 90 Days Past Due Total Past Due Loans Not Past Due Residential real estate $ 389,985 $ 9,479 $ 3,192 $ 12,671 $ 377,314 Multifamily real estate 36,684 – 3,726 3,726 32,958 Commercial real estate: Owner occupied 164,218 337 1,199 1,536 162,682 Non-owner occupied 304,316 838 1,017 1,855 302,461 Commercial and industrial 105,079 245 708 953 104,126 Consumer 29,007 309 230 539 28,468 Construction and land 136,138 3,856 4 3,860 132,278 All other 29,868 – 73 73 29,795 Total $ 1,195,295 $ 15,064 $ 10,149 $ 25,213 $ 1,170,082
Allowance for Loan Losses and Recorded Investment in Loans by Portfolio Segment Based on Impairment Method	The following table presents the balance in the allowance for loan losses and the recorded investment in loans by portfolio segment and based on impairment method as of June 30, 2020: Allowance for Loan Losses Loan Balances Loan Class Individually Evaluated for Impairment Collectively Evaluated for Impairment Acquired with Deteriorated Credit Quality Total Individually Evaluated for Impairment Collectively Evaluated for Impairment Acquired with Deteriorated Credit Quality Total Residential real estate $ – $ 1,915 $ – $ 1,915 $ 60 $ 387,706 $ 2,384 $ 390,150 Multifamily real estate 1,865 250 – 2,115 3,708 33,668 – 37,376 Commercial real estate: Owner occupied – 2,470 – 2,470 1,440 161,573 1,108 164,121 Non-owner occupied 448 3,862 – 4,310 4,022 296,637 2,482 303,141 Commercial and industrial 446 1,108 – 1,554 763 84,291 19 85,073 SBA PPP – – – – – 110,690 – 110,690 Consumer – 230 – 230 – 25,399 17 25,416 Construction and land – 1,233 – 1,233 303 114,334 416 115,053 All other – 561 – 561 – 33,806 176 33,982 Total $ 2,759 $ 11,629 $ – $ 14,388 $ 10,296 $ 1,248,104 $ 6,602 $ 1,265,002 The following table presents the balance in the allowance for loan losses and the recorded investment in loans by portfolio segment and based on impairment method as of December 31, 2019: Allowance for Loan Losses Loan Balances Loan Class Individually Evaluated for Impairment Collectively Evaluated for Impairment Acquired with Deteriorated Credit Quality Total Individually Evaluated for Impairment Collectively Evaluated for Impairment Acquired with Deteriorated Credit Quality Total Residential real estate $ – $ 1,711 $ – $ 1,711 $ 63 $ 387,357 $ 2,565 $ 389,985 Multifamily real estate 1,737 217 – 1,954 3,726 32,958 – 36,684 Commercial real estate: Owner occupied 653 1,788 – 2,441 2,685 159,729 1,804 164,218 Non-owner occupied 271 2,913 – 3,184 3,830 297,858 2,628 304,316 Commercial and industrial 390 1,377 – 1,767 678 104,096 305 105,079 Consumer – 281 – 281 – 28,985 22 29,007 Construction and land 51 1,673 – 1,724 431 135,224 483 136,138 All other – 480 – 480 – 29,694 174 29,868 Total $ 3,102 $ 10,440 $ – $ 13,542 $ 11,413 $ 1,175,901 $ 7,981 $ 1,195,295
Loans Individually Evaluated for Impairment by Class of Loans	The following table presents loans individually evaluated for impairment by class of loans as of June 30, 2020. The table includes $701,000 of loans acquired with deteriorated credit quality for which the Company cannot reasonably estimate cash flows such that they are accounted for on the cost recovery method and are still individually evaluated for impairment. Unpaid Principal Balance Recorded Investment Allowance for Loan Losses Allocated With no related allowance recorded: Residential real estate $ 184 $ 60 $ - Commercial real estate Owner occupied 2,166 1,759 - Non-owner occupied 1,661 805 - Commercial and industrial 509 – - Construction and land 344 303 - 4,864 2,927 - With an allowance recorded: Multifamily real estate 4,088 3,708 1,865 Commercial real estate Non-owner occupied 3,748 3,599 448 Commercial and industrial 781 763 446 8,617 8,070 2,759 Total $ 13,481 $ 10,997 $ 2,759 The following table presents loans individually evaluated for impairment by class of loans as of December 31, 2019. The table includes $758,000 of loans acquired with deteriorated credit quality for which the Company cannot reasonably estimate cash flows such that they are accounted for on the cost recovery method and are still individually evaluated for impairment. Unpaid Principal Balance Recorded Investment Allowance for Loan Losses Allocated With no related allowance recorded: Residential real estate $ 188 $ 63 $ - Multifamily real estate 96 89 - Commercial real estate Owner occupied 2,201 1,842 - Non-owner occupied 2,512 1,732 - Commercial and industrial 509 – - 5,506 3,726 - With an allowance recorded: Multifamily real estate $ 4,017 $ 3,637 $ 1,737 Commercial real estate Owner occupied 1,189 1,162 653 Non-owner occupied 2,654 2,537 271 Commercial and industrial 689 678 390 Construction and land 460 431 51 9,009 8,445 3,102 Total $ 14,515 $ 12,171 $ 3,102
Average Balance of Loans Individually Evaluated for Impairment and Interest Income Recognized	The following table presents the average balance of loans individually evaluated for impairment and interest income recognized on these loans for the six months ended June 30, 2020 and June 30, 2019. The table includes loans acquired with deteriorated credit quality that are still individually evaluated for impairment. Six Months Ended June 30, 2020 Six Months Ended June 30, 2019 Loan Class Average Recorded Investment Interest Income Recognized Cash Basis Interest Recognized Average Recorded Investment Interest Income Recognized Cash Basis Interest Recognized Residential real estate $ 62 $ – $ – $ 267 $ – $ – Multifamily real estate 3,744 – – 3,855 – – Commercial real estate: Owner occupied 2,191 6 4 3,898 6 6 Non-owner occupied 4,376 72 36 10,556 186 186 Commercial and industrial 738 2 2 562 2 2 Construction and land 353 – – 1,065 121 121 Total $ 11,464 $ 80 $ 42 $ 20,203 $ 315 $ 315 The following table presents the average balance of loans individually evaluated for impairment and interest income recognized on these loans for the three months ended June 30, 2020 and June 30, 2019. The table includes loans acquired with deteriorated credit quality that are still individually evaluated for impairment. Three months ended June 30, 2020 Three months ended June 30, 2019 Loan Class Average Recorded Investment Interest Income Recognized Cash Basis Interest Recognized Average Recorded Investment Interest Income Recognized Cash Basis Interest Recognized Residential real estate $ 61 $ – $ – $ 253 $ – $ – Multifamily real estate 3,753 – – 3,830 – – Commercial real estate: Owner occupied 1,785 3 1 4,062 3 3 Non-owner occupied 4,429 36 – 10,573 92 92 Commercial and industrial 768 1 1 562 1 1 Construction and land 314 – – 922 113 113 Total $ 11,110 $ 40 $ 2 $ 20,202 $ 209 $ 209
Troubled Debt Restructurings	The following table presents TDR’s as of June 30, 2020 and December 31, 2019: June 30, 2020 TDR’s on Non-accrual Other TDR’s Total TDR’s Residential real estate $ 25 $ 151 $ 176 Multifamily real estate 3,708 – 3,708 Commercial real estate Owner occupied – 201 201 Non-owner occupied 856 1,781 2,637 Commercial and industrial 191 – 191 Total $ 4,780 $ 2,133 $ 6,913 December 31, 2019 TDR’s on Non-accrual Other TDR’s Total TDR’s Residential real estate $ 32 $ 157 $ 189 Multifamily real estate 3,636 – 3,636 Commercial real estate Owner occupied 1,162 207 1,369 Non-owner occupied – 2,656 2,656 Commercial and industrial 191 – 191 Total $ 5,021 $ 3,020 $ 8,041
Loans Modified under CARES Act	The Coronavirus Aid, Relief and Economic Security (“CARES”) Act was signed into law at the end of March 2020. Provisions of the CARES Act permit certain loan payment modifications by banks that would normally be considered TDR’s to be exempt from the TDR rules. Management has exercised these provisions of the CARES Act on the following loans outstanding as of June 30, 2020 to some degree on an individually requested basis. June 30, 2020 Modified to Interest Only Payment Modified to Defer Principal and Interest Payment Total Residential real estate $ 9,756 $ 6,444 $ 16,200 Multifamily real estate 2,526 5,280 7,806 Commercial real estate Owner occupied 16,880 23,856 40,736 Non-owner occupied 56,735 79,410 136,145 Commercial and industrial 3,510 6,634 10,144 Consumer 218 313 531 Construction and land 21,979 6,817 28,796 All other 10 334 344 Total $ 111,614 $ 129,088 $ 240,702
Risk Category of Loans by Class of Loans	As of June 30, 2020, and based on the most recent analysis performed, the risk category of loans by class of loans is as follows: Loan Class Pass Special Mention Substandard Doubtful Total Loans Residential real estate $ 376,261 $ 2,992 $ 10,897 $ – $ 390,150 Multifamily real estate 29,216 4,452 3,708 – 37,376 Commercial real estate: Owner occupied 155,443 4,284 4,394 – 164,121 Non-owner occupied 288,198 9,597 5,346 – 303,141 Commercial and industrial 80,192 3,498 1,383 – 85,073 SBA PPP 110,690 – – – 110,690 Consumer 25,107 2 307 – 25,416 Construction and land 110,807 3,676 570 – 115,053 All other 33,922 – 60 – 33,982 Total $ 1,209,836 $ 28,501 $ 26,665 $ – $ 1,265,002 As of December 31, 2019, and based on the most recent analysis performed, the risk category of loans by class of loans is as follows: Loan Class Pass Special Mention Substandard Doubtful Total Loans Residential real estate $ 374,835 $ 3,477 $ 11,673 $ - $ 389,985 Multifamily real estate 28,103 4,855 3,726 - 36,684 Commercial real estate: Owner occupied 152,695 5,123 6,400 - 164,218 Non-owner occupied 290,096 8,617 5,603 - 304,316 Commercial and industrial 101,085 2,693 1,301 - 105,079 Consumer 28,618 5 384 - 29,007 Construction and land 123,473 11,868 797 - 136,138 All other 29,698 97 73 - 29,868 Total $ 1,128,603 $ 36,735 $ 29,957 $ - $ 1,195,295

STOCKHOLDERS' EQUITY AND REGU_2

STOCKHOLDERS' EQUITY AND REGULATORY MATTERS (Tables)	6 Months Ended
	Jun. 30, 2020
STOCKHOLDERS' EQUITY AND REGULATORY MATTERS [Abstract]
Regulatory Capital Ratios	Shown below is a summary of regulatory capital ratios for the Company: June 30, 2020 December 31, 2019 Regulatory Minimum Requirements To Be Considered Well Capitalized Tier 1 Capital to average assets (CBLR): 10.9 % 11.3 % 8.0 % 8.0 %

PREMISES AND EQUIPMENT (Tables)

PREMISES AND EQUIPMENT (Tables)	6 Months Ended
	Jun. 30, 2020
PREMISES AND EQUIPMENT [Abstract]
Future Minimum Rental Commitments under Operating Leases	The following table summarizes the future minimum rental commitments under operating leases: 2020 $ 556 2021 1,067 2022 1,050 2023 805 2024 680 2025 and Thereafter 3,494 Total undiscounted cash flows 7,652 Discounted cash flows (422 ) Total lease liability $ 7,230

EARNINGS PER SHARE (Tables)

EARNINGS PER SHARE (Tables)	6 Months Ended
	Jun. 30, 2020
EARNINGS PER SHARE [Abstract]
Reconciliation of Numerators and Denominators of the Earnings Per Share	A reconciliation of the numerators and denominators of the earnings per common share and earnings per common share assuming dilution computations for the three and six months ended June 30, 2020 and 2019 is presented below: Three Months Ended June 30, Six Months Ended June 30, 2020 2019 2020 2019 Basic earnings per share Income available to common stockholders $ 5,506 $ 5,859 $ 10,874 $ 12,035 Weighted average common shares outstanding 14,664,916 14,636,569 14,661,957 14,631,430 Earnings per share $ 0.38 $ 0.40 $ 0.74 $ 0.82 Diluted earnings per share Income available to common stockholders $ 5,506 $ 5,859 $ 10,874 $ 12,035 Weighted average common shares outstanding 14,725,075 14,718,419 14,728,208 14,708,377 Add dilutive effects of potential additional common stock 60,159 81,850 66,251 76,947 Weighted average common and dilutive potential common shares outstanding 14,725,075 14,718,419 14,728,208 14,708,377 Earnings per share assuming dilution $ 0.37 $ 0.40 $ 0.74 $ 0.82

FAIR VALUE (Tables)

FAIR VALUE (Tables)	6 Months Ended
	Jun. 30, 2020
FAIR VALUE [Abstract]
Carrying Amounts and Estimated Fair Values of Financial Instruments	The carrying amounts and estimated fair values of financial instruments at June 30, 2020 were as follows: Carrying Fair Value Measurements at June 30, 2020 Using Amount Level 1 Level 2 Level 3 Total Financial assets Cash and due from banks $ 124,647 $ 124,647 $ - $ - $ 124,647 Time deposits with other banks 598 – 601 – 601 Federal funds sold 8,365 8,365 – – 8,365 Securities available for sale 416,700 - 416,700 - 416,700 Loans, net 1,250,614 - - 1,251,278 1,251,278 Interest receivable 5,997 - 1,282 4,715 5,997 Financial liabilities Deposits $ 1,608,151 $ 1,243,622 $ 365,688 $ - $ 1,609,310 Securities sold under agreements to repurchase 27,737 - 27,737 - 27,737 FHLB advance 2,995 - 3,003 - 3,003 Subordinated debt 5,455 - 5,354 - 5,354 Interest payable 638 7 631 - 638 The carrying amounts and estimated fair values of financial instruments at December 31, 2019 were as follows: Carrying Fair Value Measurements at December 31, 2019 Using Amount Level 1 Level 2 Level 3 Total Financial assets Cash and due from banks $ 88,556 $ 88,556 $ – $ – $ 88,556 Time deposits with other banks 598 – 599 – 599 Federal funds sold 5,902 5,902 – – 5,902 Securities available for sale 390,754 – 390,754 – 390,754 Loans, net 1,181,753 – – 1,172,755 1,172,755 Interest receivable 4,699 4 1,110 3,585 4,699 Financial liabilities Deposits $ 1,495,753 $ 1,068,399 $ 424,886 $ – $ 1,493,285 Securities sold under agreements to repurchase 20,428 – 20,428 – 20,428 FHLB advance 6,375 – 6,352 – 6,352 Subordinated debt 5,436 – 5,527 – 5,527 Interest payable 912 15 897 – 912
Assets and Liabilities Measured at Fair Value on a Recurring Basis	Assets and liabilities measured at fair value on a recurring basis are summarized below: Fair Value Measurements at June 30, 2020 Using: Carrying Value Quoted Prices in Active Markets for Identical Assets (Level 1) Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) Available for sale Mortgage-backed securities U. S. agency MBS - residential $ 316,143 $ - $ 316,143 $ - U. S. agency CMO’s - residential 49,196 - 49,196 - Total mortgage-backed securities of government sponsored agencies 365,339 - 365,339 - U. S. government sponsored agency securities 9,546 - 9,546 - Obligations of states and political subdivisions 39,724 - 39,724 - Other securities 2,091 - 2,091 - Total securities available for sale $ 416,700 $ - $ 416,700 $ - Fair Value Measurements at December 31, 2019 Using: Carrying Value Quoted Prices in Active Markets for Identical Assets (Level 1) Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) Available for sale Mortgage-backed securities U. S. agency MBS - residential $ 279,309 $ - $ 279,309 $ - U. S. agency CMO’s 62,644 - 62,644 - Total mortgage-backed securities of government sponsored agencies 341,953 - 341,953 - U. S. government sponsored agency securities 30,730 - 30,730 - Obligations of states and political subdivisions 16,017 - 16,017 - Other securities 2,054 - 2,054 - Total securities available for sale $ 390,754 $ - $ 390,754 $ -
Assets and Liabilities Measured at Fair Value on a Non-recurring Basis	Assets and liabilities measured at fair value on a non-recurring basis at June 30, 2020 are summarized below: Fair Value Measurements at June 30, 2020 Using Carrying Value Quoted Prices in Active Markets for Identical Assets (Level 1) Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) Assets: Impaired loans: Multifamily real estate $ 1,843 $ - $ - $ 1,843 Commercial real estate Non-owner occupied 3,151 - - 3,151 Commercial and industrial 317 - - 317 Total impaired loans $ 5,311 $ - $ - $ 5,311 Other real estate owned: Residential real estate $ 205 $ - $ - $ 205 Commercial real estate Owner occupied 529 – – 529 Multifamily real estate 9,503 - - 9,503 Construction and land 551 - - 551 Total OREO $ 10,788 $ - $ - $ 10,788 Assets and liabilities measured at fair value on a non-recurring basis at December 31, 2019 are summarized below: Fair Value Measurements at December 31, 2019 Using Carrying Value Quoted Prices in Active Markets for Identical Assets (Level 1) Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) Assets: Impaired loans: Multifamily real estate $ 1,900 $ - $ - $ 1,900 Commercial real estate Owner occupied 509 - - 509 Non-owner occupied 2,266 - - 2,266 Commercial and industrial 288 - - 288 Construction and land 380 - - 380 Total impaired loans $ 5,343 $ - $ - $ 5,343 Other real estate owned: Residential real estate $ 249 $ - $ - $ 249 Multifamily real estate 9,588 - - 9,588 Commercial real estate Owner occupied 288 - - 288 Construction and land 750 - - 750 Total OREO $ 10,875 $ - $ - $ 10,875
Fair Value Inputs, Assets, Quantitative Information	The significant unobservable inputs related to assets and liabilities measured at fair value on a non-recurring basis at June 30, 2020 are summarized below: June 30, 2020 Valuation Techniques Unobservable Inputs Range (Weighted Avg) Impaired loans: Multifamily real estate $ 1,843 sales comparison adjustment for estimated realizable value 13.9%-67.4% (43.9 %) Commercial real estate Non-owner occupied 3,151 income approach adjustment for differences in net operating income expectations 13.9%-67.4% (43.9 %) Commercial and industrial 317 sales comparison adjustment for estimated realizable value 25.0%-86.1% (45.8 %) Total impaired loans $ 5,311 Other real estate owned: Residential real estate $ 205 sales comparison adjustment for estimated realizable value 0.2%-59.8% (18.1 %) Multifamily real estate 9,503 income approach adjustment for differences in net operating income expectations 26.2%-26.2% (26.2 %) Commercial real estate Owner occupied 529 sales comparison adjustment for estimated realizable value 29.5%-29.5% (29.5 %) Construction and land 551 sales comparison adjustment for estimated realizable value 50.3%-86.3% (76.5 %) Total OREO $ 10,788 The significant unobservable inputs related to assets and liabilities measured at fair value on a non-recurring basis at December 31, 2019 are summarized below: December 31, 2019 Valuation Techniques Unobservable Inputs Range (Weighted Avg) Impaired loans: Multifamily real estate $ 1,900 sales comparison adjustment for estimated realizable value 58.9%-58.9% (58.9 %) Commercial real estate Owner occupied 509 sales comparison adjustment for estimated realizable value 76.1%-76.1% (76.1 %) Non-owner occupied 2,266 income approach adjustment for differences in net operating income expectations 36.6%-67.4% (60.6 %) Commercial and industrial 288 sales comparison adjustment for estimated realizable value 25.0%-87.0% (43.6 %) Construction and land 380 sales comparison adjustment for estimated realizable value 56.5%-56.5% (56.5 %) Total impaired loans $ 5,343 Other real estate owned: Residential real estate $ 249 sales comparison adjustment for estimated realizable value 0.2%-59.8% (17.5 %) Multifamily real estate 9,588 income approach adjustment for differences in net operating income expectations 25.6%-25.6% (25.6 %) Commercial real estate Owner occupied 288 sales comparison adjustment for estimated realizable value 14.6%-70.4% (34.0 %) Construction and land 750 sales comparison adjustment for estimated realizable value 50.3%-69.9% (66.0 %) Total OREO $ 10,875

BASIS OF PRESENTATION (Details)

BASIS OF PRESENTATION (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019	Dec. 31, 2019
Accounts of the Company and its Wholly Owned Subsidiaries [Abstract]
Total Assets	$ 1,914,994		$ 1,914,994		$ 1,781,010
Net Income	5,506	$ 5,859	$ 10,874	$ 12,035
Citizens Deposit Bank & Trust [Member] | Vanceburg, Kentucky [Member]
Accounts of the Company and its Wholly Owned Subsidiaries [Abstract]
Year Acquired			1991
Total Assets	578,556		$ 578,556
Net Income	1,438		$ 3,021
Premier Bank, Inc. [Member] | Huntington, West Virginia [Member]
Accounts of the Company and its Wholly Owned Subsidiaries [Abstract]
Year Acquired			1998
Total Assets	1,328,897		$ 1,328,897
Net Income	4,741		8,974
Parent and Intercompany Eliminations [Member]
Accounts of the Company and its Wholly Owned Subsidiaries [Abstract]
Total Assets	7,541		7,541
Net Income	$ (673)		$ (1,121)

SECURITIES (Details)

SECURITIES (Details) - USD ($) $ in Thousands	Jun. 30, 2020	Dec. 31, 2019
Available-for-sale Investment securities [Abstract]
Amortized cost	$ 403,122	$ 386,066
Unrealized gains	13,833	5,217
Unrealized losses	(255)	(529)
Fair value	416,700	390,754
U.S. Government Sponsored Agency MBS - Residential [Member]
Available-for-sale Investment securities [Abstract]
Amortized cost	305,338	276,013
Unrealized gains	11,053	3,618
Unrealized losses	(248)	(322)
Fair value	316,143	279,309
U.S. Government Sponsored Agency CMO's - Residential [Member]
Available-for-sale Investment securities [Abstract]
Amortized cost	47,888	61,989
Unrealized gains	1,308	768
Unrealized losses	0	(113)
Fair value	49,196	62,644
Total Mortgage-Backed Securities of Government Sponsored Agencies [Member]
Available-for-sale Investment securities [Abstract]
Amortized cost	353,226	338,002
Unrealized gains	12,361	4,386
Unrealized losses	(248)	(435)
Fair value	365,339	341,953
U.S. Government Sponsored Agency Securities [Member]
Available-for-sale Investment securities [Abstract]
Amortized cost	9,392	30,538
Unrealized gains	154	280
Unrealized losses	0	(88)
Fair value	9,546	30,730
Obligations of States and Political Subdivisions [Member]
Available-for-sale Investment securities [Abstract]
Amortized cost	38,541	15,570
Unrealized gains	1,183	453
Unrealized losses	0	(6)
Fair value	39,724	16,017
Other Securities [Member]
Available-for-sale Investment securities [Abstract]
Amortized cost	1,963	1,956
Unrealized gains	135	98
Unrealized losses	(7)	0
Fair value	$ 2,091	$ 2,054

SECURITIES, Contractual Maturit

SECURITIES, Contractual Maturity (Details) - USD ($) $ in Thousands	Jun. 30, 2020	Dec. 31, 2019
Amortized cost of available-for-sale securities by contractual maturity [Abstract]
Due in one year or less	$ 8,742
Due after one year through five years	26,090
Due after five years through ten years	9,437
Due after ten years	5,627
Amortized cost	403,122	$ 386,066
Fair value of available-for-sale securities by contractual maturity [Abstract]
Due in one year or less	8,825
Due after one year through five years	26,718
Due after five years through ten years	9,716
Due after ten years	6,102
Fair value	416,700	390,754
Mortgage-backed Securities of Government Sponsored Agencies [Member]
Amortized cost of available-for-sale securities by contractual maturity [Abstract]
Without single maturity date	353,226
Amortized cost	353,226	338,002
Fair value of available-for-sale securities by contractual maturity [Abstract]
Without single maturity date	365,339
Fair value	$ 365,339	$ 341,953

SECURITIES, Securities with Unr

SECURITIES, Securities with Unrealized Losses in Continuous Unrealized Loss Position (Details) - USD ($) $ in Thousands	Jun. 30, 2020	Dec. 31, 2019
Continuous unrealized loss position, fair value [Abstract]
Less than 12 months	$ 44,236	$ 68,038
12 months or more	0	25,702
Total	44,236	93,740
Continuous unrealized loss position, unrealized loss [Abstract]
Less than 12 months	(255)	(292)
12 months or more	0	(237)
Total	(255)	(529)
U.S. Government Sponsored Agency Securities [Member]
Continuous unrealized loss position, fair value [Abstract]
Less than 12 months		10,851
12 months or more		3,957
Total		14,808
Continuous unrealized loss position, unrealized loss [Abstract]
Less than 12 months		(84)
12 months or more		(4)
Total		(88)
U.S. Government Sponsored Agency MBS - Residential [Member]
Continuous unrealized loss position, fair value [Abstract]
Less than 12 months	43,995	50,945
12 months or more	0	12,930
Total	43,995	63,875
Continuous unrealized loss position, unrealized loss [Abstract]
Less than 12 months	(248)	(199)
12 months or more	0	(123)
Total	(248)	(322)
U.S. Government Sponsored Agency CMO's - Residential [Member]
Continuous unrealized loss position, fair value [Abstract]
Less than 12 months		4,376
12 months or more		8,815
Total		13,191
Continuous unrealized loss position, unrealized loss [Abstract]
Less than 12 months		(3)
12 months or more		(110)
Total		(113)
Obligations of States and Political Subdivisions [Member]
Continuous unrealized loss position, fair value [Abstract]
Less than 12 months		1,866
12 months or more		0
Total		1,866
Continuous unrealized loss position, unrealized loss [Abstract]
Less than 12 months		(6)
12 months or more		0
Total		$ (6)
Other Securities [Member]
Continuous unrealized loss position, fair value [Abstract]
Less than 12 months	241
12 months or more	0
Total	241
Continuous unrealized loss position, unrealized loss [Abstract]
Less than 12 months	(7)
12 months or more	0
Total	$ (7)

LOANS, Major Classifications of

LOANS, Major Classifications of Loans (Details) - USD ($) $ in Thousands	Jun. 30, 2020	Dec. 31, 2019
Major Classifications of Loans [Abstract]
Loans	$ 1,265,002	$ 1,195,295
Residential Real Estate [Member]
Major Classifications of Loans [Abstract]
Loans	390,150	389,985
Multifamily Real Estate [Member]
Major Classifications of Loans [Abstract]
Loans	37,376	36,684
Commercial Real Estate [Member] | Owner Occupied [Member]
Major Classifications of Loans [Abstract]
Loans	164,121	164,218
Commercial Real Estate [Member] | Non-Owner Occupied [Member]
Major Classifications of Loans [Abstract]
Loans	303,141	304,316
Commercial and Industrial [Member]
Major Classifications of Loans [Abstract]
Loans	85,073	105,079
SBA PPP [Member]
Major Classifications of Loans [Abstract]
Loans	110,690	0
Consumer [Member]
Major Classifications of Loans [Abstract]
Loans	25,416	29,007
Construction and Land [Member]
Major Classifications of Loans [Abstract]
Loans	115,053	136,138
All Other [Member]
Major Classifications of Loans [Abstract]
Loans	$ 33,982	$ 29,868

LOANS, Activity in Allowance Fo

LOANS, Activity in Allowance For Loan Losses by Portfolio Segment (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Activity in the allowance for loan losses by portfolio segment [Roll Forward]
Balance, beginning of period	$ 13,856	$ 13,479	$ 13,542	$ 13,738
Provision (credit) for loan losses	590	330	1,590	890
Loans charged-off	(109)	(109)	(935)	(1,012)
Recoveries	51	73	191	157
Balance, end of period	14,388	13,773	14,388	13,773
Residential Real Estate [Member]
Activity in the allowance for loan losses by portfolio segment [Roll Forward]
Balance, beginning of period	1,838	1,823	1,711	1,808
Provision (credit) for loan losses	72	62	288	104
Loans charged-off	(1)	(27)	(94)	(59)
Recoveries	6	22	10	27
Balance, end of period	1,915	1,880	1,915	1,880
Multifamily Real Estate [Member]
Activity in the allowance for loan losses by portfolio segment [Roll Forward]
Balance, beginning of period	2,104	1,590	1,954	1,649
Provision (credit) for loan losses	11	126	161	65
Loans charged-off	0	0	0	0
Recoveries	0	0	0	2
Balance, end of period	2,115	1,716	2,115	1,716
Commercial Real Estate [Member] | Owner Occupied [Member]
Activity in the allowance for loan losses by portfolio segment [Roll Forward]
Balance, beginning of period	2,220	1,824	2,441	2,120
Provision (credit) for loan losses	248	(36)	590	200
Loans charged-off	0	0	(566)	(533)
Recoveries	2	2	5	3
Balance, end of period	2,470	1,790	2,470	1,790
Commercial Real Estate [Member] | Non-Owner Occupied [Member]
Activity in the allowance for loan losses by portfolio segment [Roll Forward]
Balance, beginning of period	3,642	3,401	3,184	3,058
Provision (credit) for loan losses	721	(123)	1,200	277
Loans charged-off	(53)	0	(77)	(57)
Recoveries	0	2	3	2
Balance, end of period	4,310	3,280	4,310	3,280
Commercial and Industrial [Member]
Activity in the allowance for loan losses by portfolio segment [Roll Forward]
Balance, beginning of period	1,817	1,721	1,767	1,897
Provision (credit) for loan losses	(269)	275	(247)	178
Loans charged-off	(5)	(3)	(5)	(113)
Recoveries	11	7	39	38
Balance, end of period	1,554	2,000	1,554	2,000
Consumer [Member]
Activity in the allowance for loan losses by portfolio segment [Roll Forward]
Balance, beginning of period	241	365	281	351
Provision (credit) for loan losses	12	19	14	129
Loans charged-off	(30)	(33)	(99)	(140)
Recoveries	7	17	34	28
Balance, end of period	230	368	230	368
Construction and Land [Member]
Activity in the allowance for loan losses by portfolio segment [Roll Forward]
Balance, beginning of period	1,412	2,149	1,724	2,255
Provision (credit) for loan losses	(180)	(9)	(529)	(102)
Loans charged-off	0	0	0	(13)
Recoveries	1	0	38	0
Balance, end of period	1,233	2,140	1,233	2,140
All Other [Member]
Activity in the allowance for loan losses by portfolio segment [Roll Forward]
Balance, beginning of period	582	606	480	600
Provision (credit) for loan losses	(25)	16	113	39
Loans charged-off	(20)	(46)	(94)	(97)
Recoveries	24	23	62	57
Balance, end of period	$ 561	$ 599	$ 561	$ 599

LOANS, Purchased Impaired Loans

LOANS, Purchased Impaired Loans (Details) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Dec. 31, 2019
Purchased loans [Abstract]
Total carrying amount	$ 6,602		$ 7,981
Contractual principal balance	9,880		11,681
Carrying amount, net of allowance	6,602		7,981
Increase in loan allowance related to acquisitions	0	$ 0
Accretable Yield [Roll Forward]
Beginning Balance	619	642
New loans purchased	0	0
Accretion of income	(59)	(94)
Loans placed on non-accrual	0	0
Income recognized upon full repayment	(65)	(73)
Reclassifications from non-accretable difference	(190)	0
Disposals	0	0
Ending Balance	305	$ 475
Residential Real Estate [Member]
Purchased loans [Abstract]
Total carrying amount	2,384		2,565
Commercial Real Estate [Member] | Owner Occupied [Member]
Purchased loans [Abstract]
Total carrying amount	1,108		1,804
Commercial Real Estate [Member] | Non-Owner Occupied [Member]
Purchased loans [Abstract]
Total carrying amount	2,482		2,628
Commercial and Industrial [Member]
Purchased loans [Abstract]
Total carrying amount	19		305
Consumer [Member]
Purchased loans [Abstract]
Total carrying amount	17		22
Construction and Land [Member]
Purchased loans [Abstract]
Total carrying amount	416		483
All Other [Member]
Purchased loans [Abstract]
Total carrying amount	$ 176		$ 174

LOANS, Past Due and Non-perform

LOANS, Past Due and Non-performing Loans (Details) - USD ($) $ in Thousands	Jun. 30, 2020	Dec. 31, 2019
Past due and non-performing loans [Abstract]
Principal owed on non-accrual loans	$ 17,845	$ 18,368
Recorded investment in non-accrual loans	13,761	14,437
Loans past due over 90 days, still accruing	980	2,228
Residential Real Estate [Member]
Past due and non-performing loans [Abstract]
Principal owed on non-accrual loans	5,460	5,801
Recorded investment in non-accrual loans	4,197	4,618
Loans past due over 90 days, still accruing	748	1,425
Multifamily Real Estate [Member]
Past due and non-performing loans [Abstract]
Principal owed on non-accrual loans	4,088	4,113
Recorded investment in non-accrual loans	3,708	3,726
Loans past due over 90 days, still accruing	0	0
Commercial Real Estate [Member] | Owner Occupied [Member]
Past due and non-performing loans [Abstract]
Principal owed on non-accrual loans	2,160	3,399
Recorded investment in non-accrual loans	1,734	2,995
Loans past due over 90 days, still accruing	9	0
Commercial Real Estate [Member] | Non-Owner Occupied [Member]
Past due and non-performing loans [Abstract]
Principal owed on non-accrual loans	4,042	3,120
Recorded investment in non-accrual loans	2,726	1,852
Loans past due over 90 days, still accruing	0	340
Commercial and Industrial [Member]
Past due and non-performing loans [Abstract]
Principal owed on non-accrual loans	1,341	1,026
Recorded investment in non-accrual loans	787	420
Loans past due over 90 days, still accruing	74	451
Consumer [Member]
Past due and non-performing loans [Abstract]
Principal owed on non-accrual loans	324	364
Recorded investment in non-accrual loans	236	313
Loans past due over 90 days, still accruing	0	9
Construction and Land [Member]
Past due and non-performing loans [Abstract]
Principal owed on non-accrual loans	355	470
Recorded investment in non-accrual loans	313	440
Loans past due over 90 days, still accruing	149	3
All Other [Member]
Past due and non-performing loans [Abstract]
Principal owed on non-accrual loans	75	75
Recorded investment in non-accrual loans	60	73
Loans past due over 90 days, still accruing	$ 0	$ 0

LOANS, Past Due Aging Analysis

LOANS, Past Due Aging Analysis (Details) - USD ($) $ in Thousands	Jun. 30, 2020	Dec. 31, 2019
Aging of recorded investment in past due loans [Abstract]
Total loans	$ 1,265,002	$ 1,195,295
Total past due	14,453	25,213
Loans not past due	1,250,549	1,170,082
30-89 Days Past Due [Member]
Aging of recorded investment in past due loans [Abstract]
Total past due	4,800	15,064
Greater Than 90 Days Past Due [Member]
Aging of recorded investment in past due loans [Abstract]
Total past due	9,653	10,149
Residential Real Estate [Member]
Aging of recorded investment in past due loans [Abstract]
Total loans	390,150	389,985
Total past due	6,773	12,671
Loans not past due	383,377	377,314
Residential Real Estate [Member] | 30-89 Days Past Due [Member]
Aging of recorded investment in past due loans [Abstract]
Total past due	3,971	9,479
Residential Real Estate [Member] | Greater Than 90 Days Past Due [Member]
Aging of recorded investment in past due loans [Abstract]
Total past due	2,802	3,192
Multifamily Real Estate [Member]
Aging of recorded investment in past due loans [Abstract]
Total loans	37,376	36,684
Total past due	3,708	3,726
Loans not past due	33,668	32,958
Multifamily Real Estate [Member] | 30-89 Days Past Due [Member]
Aging of recorded investment in past due loans [Abstract]
Total past due	0	0
Multifamily Real Estate [Member] | Greater Than 90 Days Past Due [Member]
Aging of recorded investment in past due loans [Abstract]
Total past due	3,708	3,726
Commercial Real Estate [Member] | Owner Occupied [Member]
Aging of recorded investment in past due loans [Abstract]
Total loans	164,121	164,218
Total past due	531	1,536
Loans not past due	163,590	162,682
Commercial Real Estate [Member] | Owner Occupied [Member] | 30-89 Days Past Due [Member]
Aging of recorded investment in past due loans [Abstract]
Total past due	26	337
Commercial Real Estate [Member] | Owner Occupied [Member] | Greater Than 90 Days Past Due [Member]
Aging of recorded investment in past due loans [Abstract]
Total past due	505	1,199
Commercial Real Estate [Member] | Non-Owner Occupied [Member]
Aging of recorded investment in past due loans [Abstract]
Total loans	303,141	304,316
Total past due	1,591	1,855
Loans not past due	301,550	302,461
Commercial Real Estate [Member] | Non-Owner Occupied [Member] | 30-89 Days Past Due [Member]
Aging of recorded investment in past due loans [Abstract]
Total past due	0	838
Commercial Real Estate [Member] | Non-Owner Occupied [Member] | Greater Than 90 Days Past Due [Member]
Aging of recorded investment in past due loans [Abstract]
Total past due	1,591	1,017
Commercial and Industrial [Member]
Aging of recorded investment in past due loans [Abstract]
Total loans	85,073	105,079
Total past due	1,426	953
Loans not past due	83,647	104,126
Commercial and Industrial [Member] | 30-89 Days Past Due [Member]
Aging of recorded investment in past due loans [Abstract]
Total past due	703	245
Commercial and Industrial [Member] | Greater Than 90 Days Past Due [Member]
Aging of recorded investment in past due loans [Abstract]
Total past due	723	708
SBA PPP [Member]
Aging of recorded investment in past due loans [Abstract]
Total loans	110,690	0
Total past due	0
Loans not past due	110,690
SBA PPP [Member] | 30-89 Days Past Due [Member]
Aging of recorded investment in past due loans [Abstract]
Total past due	0
SBA PPP [Member] | Greater Than 90 Days Past Due [Member]
Aging of recorded investment in past due loans [Abstract]
Total past due	0
Consumer [Member]
Aging of recorded investment in past due loans [Abstract]
Total loans	25,416	29,007
Total past due	208	539
Loans not past due	25,208	28,468
Consumer [Member] | 30-89 Days Past Due [Member]
Aging of recorded investment in past due loans [Abstract]
Total past due	96	309
Consumer [Member] | Greater Than 90 Days Past Due [Member]
Aging of recorded investment in past due loans [Abstract]
Total past due	112	230
Construction and Land [Member]
Aging of recorded investment in past due loans [Abstract]
Total loans	115,053	136,138
Total past due	156	3,860
Loans not past due	114,897	132,278
Construction and Land [Member] | 30-89 Days Past Due [Member]
Aging of recorded investment in past due loans [Abstract]
Total past due	4	3,856
Construction and Land [Member] | Greater Than 90 Days Past Due [Member]
Aging of recorded investment in past due loans [Abstract]
Total past due	152	4
All Other [Member]
Aging of recorded investment in past due loans [Abstract]
Total loans	33,982	29,868
Total past due	60	73
Loans not past due	33,922	29,795
All Other [Member] | 30-89 Days Past Due [Member]
Aging of recorded investment in past due loans [Abstract]
Total past due	0	0
All Other [Member] | Greater Than 90 Days Past Due [Member]
Aging of recorded investment in past due loans [Abstract]
Total past due	$ 60	$ 73

LOANS, Allowance for Loan Losse

LOANS, Allowance for Loan Losses and Recorded Investment in Loans by Portfolio Segment Based on Impairment Method (Details) - USD ($)	Jun. 30, 2020	Mar. 31, 2020	Dec. 31, 2019	Jun. 30, 2019	Mar. 31, 2019	Dec. 31, 2018
Allowance for Loan Losses [Abstract]
Individually evaluated for impairment, allowance for loan losses	$ 2,759,000		$ 3,102,000
Collectively evaluated for impairment, allowance for loan losses	11,629,000		10,440,000
Total allowance for loan losses	14,388,000	$ 13,856,000	13,542,000	$ 13,773,000	$ 13,479,000	$ 13,738,000
Loans Balances [Abstract]
Individually evaluated for impairment, loan balances	10,296,000		11,413,000
Collectively evaluated for impairment, loan balances	1,248,104,000		1,175,901,000
Total loans	1,265,002,000		1,195,295,000
Acquired with Deteriorated Credit Quality [Member]
Allowance for Loan Losses [Abstract]
Total allowance for loan losses	0		0
Loans Balances [Abstract]
Individually evaluated for impairment, loan balances	701,000		758,000
Total loans	6,602,000		7,981,000
Residential Real Estate [Member]
Allowance for Loan Losses [Abstract]
Individually evaluated for impairment, allowance for loan losses	0		0
Collectively evaluated for impairment, allowance for loan losses	1,915,000		1,711,000
Total allowance for loan losses	1,915,000	1,838,000	1,711,000	1,880,000	1,823,000	1,808,000
Loans Balances [Abstract]
Individually evaluated for impairment, loan balances	60,000		63,000
Collectively evaluated for impairment, loan balances	387,706,000		387,357,000
Total loans	390,150,000		389,985,000
Residential Real Estate [Member] | Acquired with Deteriorated Credit Quality [Member]
Allowance for Loan Losses [Abstract]
Total allowance for loan losses	0		0
Loans Balances [Abstract]
Total loans	2,384,000		2,565,000
Multifamily Real Estate [Member]
Allowance for Loan Losses [Abstract]
Individually evaluated for impairment, allowance for loan losses	1,865,000		1,737,000
Collectively evaluated for impairment, allowance for loan losses	250,000		217,000
Total allowance for loan losses	2,115,000	2,104,000	1,954,000	1,716,000	1,590,000	1,649,000
Loans Balances [Abstract]
Individually evaluated for impairment, loan balances	3,708,000		3,726,000
Collectively evaluated for impairment, loan balances	33,668,000		32,958,000
Total loans	37,376,000		36,684,000
Multifamily Real Estate [Member] | Acquired with Deteriorated Credit Quality [Member]
Allowance for Loan Losses [Abstract]
Total allowance for loan losses	0		0
Loans Balances [Abstract]
Total loans	0		0
Commercial Real Estate [Member] | Owner Occupied [Member]
Allowance for Loan Losses [Abstract]
Individually evaluated for impairment, allowance for loan losses	0		653,000
Collectively evaluated for impairment, allowance for loan losses	2,470,000		1,788,000
Total allowance for loan losses	2,470,000	2,220,000	2,441,000	1,790,000	1,824,000	2,120,000
Loans Balances [Abstract]
Individually evaluated for impairment, loan balances	1,440,000		2,685,000
Collectively evaluated for impairment, loan balances	161,573,000		159,729,000
Total loans	164,121,000		164,218,000
Commercial Real Estate [Member] | Owner Occupied [Member] | Acquired with Deteriorated Credit Quality [Member]
Allowance for Loan Losses [Abstract]
Total allowance for loan losses	0		0
Loans Balances [Abstract]
Total loans	1,108,000		1,804,000
Commercial Real Estate [Member] | Non-Owner Occupied [Member]
Allowance for Loan Losses [Abstract]
Individually evaluated for impairment, allowance for loan losses	448,000		271,000
Collectively evaluated for impairment, allowance for loan losses	3,862,000		2,913,000
Total allowance for loan losses	4,310,000	3,642,000	3,184,000	3,280,000	3,401,000	3,058,000
Loans Balances [Abstract]
Individually evaluated for impairment, loan balances	4,022,000		3,830,000
Collectively evaluated for impairment, loan balances	296,637,000		297,858,000
Total loans	303,141,000		304,316,000
Commercial Real Estate [Member] | Non-Owner Occupied [Member] | Acquired with Deteriorated Credit Quality [Member]
Allowance for Loan Losses [Abstract]
Total allowance for loan losses	0		0
Loans Balances [Abstract]
Total loans	2,482,000		2,628,000
Commercial and Industrial [Member]
Allowance for Loan Losses [Abstract]
Individually evaluated for impairment, allowance for loan losses	446,000		390,000
Collectively evaluated for impairment, allowance for loan losses	1,108,000		1,377,000
Total allowance for loan losses	1,554,000	1,817,000	1,767,000	2,000,000	1,721,000	1,897,000
Loans Balances [Abstract]
Individually evaluated for impairment, loan balances	763,000		678,000
Collectively evaluated for impairment, loan balances	84,291,000		104,096,000
Total loans	85,073,000		105,079,000
Commercial and Industrial [Member] | Acquired with Deteriorated Credit Quality [Member]
Allowance for Loan Losses [Abstract]
Total allowance for loan losses	0		0
Loans Balances [Abstract]
Total loans	19,000		305,000
SBA PPP [Member]
Allowance for Loan Losses [Abstract]
Individually evaluated for impairment, allowance for loan losses	0
Collectively evaluated for impairment, allowance for loan losses	0
Total allowance for loan losses	0
Loans Balances [Abstract]
Individually evaluated for impairment, loan balances	0
Collectively evaluated for impairment, loan balances	110,690,000
Total loans	110,690,000		0
SBA PPP [Member] | Acquired with Deteriorated Credit Quality [Member]
Allowance for Loan Losses [Abstract]
Total allowance for loan losses	0
Loans Balances [Abstract]
Total loans	0
Consumer [Member]
Allowance for Loan Losses [Abstract]
Individually evaluated for impairment, allowance for loan losses	0		0
Collectively evaluated for impairment, allowance for loan losses	230,000		281,000
Total allowance for loan losses	230,000	241,000	281,000	368,000	365,000	351,000
Loans Balances [Abstract]
Individually evaluated for impairment, loan balances	0		0
Collectively evaluated for impairment, loan balances	25,399,000		28,985,000
Total loans	25,416,000		29,007,000
Consumer [Member] | Acquired with Deteriorated Credit Quality [Member]
Allowance for Loan Losses [Abstract]
Total allowance for loan losses	0		0
Loans Balances [Abstract]
Total loans	17,000		22,000
Construction and Land [Member]
Allowance for Loan Losses [Abstract]
Individually evaluated for impairment, allowance for loan losses	0		51,000
Collectively evaluated for impairment, allowance for loan losses	1,233,000		1,673,000
Total allowance for loan losses	1,233,000	1,412,000	1,724,000	2,140,000	2,149,000	2,255,000
Loans Balances [Abstract]
Individually evaluated for impairment, loan balances	303,000		431,000
Collectively evaluated for impairment, loan balances	114,334,000		135,224,000
Total loans	115,053,000		136,138,000
Construction and Land [Member] | Acquired with Deteriorated Credit Quality [Member]
Allowance for Loan Losses [Abstract]
Total allowance for loan losses	0		0
Loans Balances [Abstract]
Total loans	416,000		483,000
All Other [Member]
Allowance for Loan Losses [Abstract]
Individually evaluated for impairment, allowance for loan losses	0		0
Collectively evaluated for impairment, allowance for loan losses	561,000		480,000
Total allowance for loan losses	561,000	$ 582,000	480,000	$ 599,000	$ 606,000	$ 600,000
Loans Balances [Abstract]
Individually evaluated for impairment, loan balances	0		0
Collectively evaluated for impairment, loan balances	33,806,000		29,694,000
Total loans	33,982,000		29,868,000
All Other [Member] | Acquired with Deteriorated Credit Quality [Member]
Allowance for Loan Losses [Abstract]
Total allowance for loan losses	0		0
Loans Balances [Abstract]
Total loans	$ 176,000		$ 174,000

LOANS, Individually Evaluated F

LOANS, Individually Evaluated For Impairment (Details) - USD ($)	Jun. 30, 2020	Dec. 31, 2019
Loans individually evaluated for impairment [Abstract]
Unpaid principal balance with no related allowance recorded	$ 4,864,000	$ 5,506,000
Unpaid principal balance with an allowance recorded	8,617,000	9,009,000
Unpaid principal balance, total	13,481,000	14,515,000
Recorded investment with no related allowance recorded	2,927,000	3,726,000
Recorded investment with an allowance recorded	8,070,000	8,445,000
Recorded investment, total	10,997,000	12,171,000
Allowance for loan losses allocated	2,759,000	3,102,000
Individually evaluated for impairment, loan balances	10,296,000	11,413,000
Acquired with Deteriorated Credit Quality [Member]
Loans individually evaluated for impairment [Abstract]
Individually evaluated for impairment, loan balances	701,000	758,000
Residential Real Estate [Member]
Loans individually evaluated for impairment [Abstract]
Unpaid principal balance with no related allowance recorded	184,000	188,000
Recorded investment with no related allowance recorded	60,000	63,000
Individually evaluated for impairment, loan balances	60,000	63,000
Multifamily Real Estate [Member]
Loans individually evaluated for impairment [Abstract]
Unpaid principal balance with no related allowance recorded		96,000
Unpaid principal balance with an allowance recorded	4,088,000	4,017,000
Recorded investment with no related allowance recorded		89,000
Recorded investment with an allowance recorded	3,708,000	3,637,000
Allowance for loan losses allocated	1,865,000	1,737,000
Individually evaluated for impairment, loan balances	3,708,000	3,726,000
Commercial Real Estate [Member] | Owner Occupied [Member]
Loans individually evaluated for impairment [Abstract]
Unpaid principal balance with no related allowance recorded	2,166,000	2,201,000
Unpaid principal balance with an allowance recorded		1,189,000
Recorded investment with no related allowance recorded	1,759,000	1,842,000
Recorded investment with an allowance recorded		1,162,000
Allowance for loan losses allocated		653,000
Individually evaluated for impairment, loan balances	1,440,000	2,685,000
Commercial Real Estate [Member] | Non-Owner Occupied [Member]
Loans individually evaluated for impairment [Abstract]
Unpaid principal balance with no related allowance recorded	1,661,000	2,512,000
Unpaid principal balance with an allowance recorded	3,748,000	2,654,000
Recorded investment with no related allowance recorded	805,000	1,732,000
Recorded investment with an allowance recorded	3,599,000	2,537,000
Allowance for loan losses allocated	448,000	271,000
Individually evaluated for impairment, loan balances	4,022,000	3,830,000
Commercial and Industrial [Member]
Loans individually evaluated for impairment [Abstract]
Unpaid principal balance with no related allowance recorded	509,000	509,000
Unpaid principal balance with an allowance recorded	781,000	689,000
Recorded investment with no related allowance recorded	0	0
Recorded investment with an allowance recorded	763,000	678,000
Allowance for loan losses allocated	446,000	390,000
Individually evaluated for impairment, loan balances	763,000	678,000
Construction and Land [Member]
Loans individually evaluated for impairment [Abstract]
Unpaid principal balance with no related allowance recorded	344,000
Unpaid principal balance with an allowance recorded		460,000
Recorded investment with no related allowance recorded	303,000
Recorded investment with an allowance recorded		431,000
Allowance for loan losses allocated		51,000
Individually evaluated for impairment, loan balances	$ 303,000	$ 431,000

LOANS, Average Balance of Loans

LOANS, Average Balance of Loans Individually Evaluated for Impairment and Interest Income Recognized (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Average Balance of Loans Individually Evaluated for Impairment and Interest Income Recognized [Abstract]
Average recorded investment	$ 11,110	$ 20,202	$ 11,464	$ 20,203
Interest income recognized	40	209	80	315
Cash basis interest recognized	2	209	42	315
Residential Real Estate [Member]
Average Balance of Loans Individually Evaluated for Impairment and Interest Income Recognized [Abstract]
Average recorded investment	61	253	62	267
Interest income recognized	0	0	0	0
Cash basis interest recognized	0	0	0	0
Multifamily Real Estate [Member]
Average Balance of Loans Individually Evaluated for Impairment and Interest Income Recognized [Abstract]
Average recorded investment	3,753	3,830	3,744	3,855
Interest income recognized	0	0	0	0
Cash basis interest recognized	0	0	0	0
Commercial Real Estate [Member] | Owner Occupied [Member]
Average Balance of Loans Individually Evaluated for Impairment and Interest Income Recognized [Abstract]
Average recorded investment	1,785	4,062	2,191	3,898
Interest income recognized	3	3	6	6
Cash basis interest recognized	1	3	4	6
Commercial Real Estate [Member] | Non-Owner Occupied [Member]
Average Balance of Loans Individually Evaluated for Impairment and Interest Income Recognized [Abstract]
Average recorded investment	4,429	10,573	4,376	10,556
Interest income recognized	36	92	72	186
Cash basis interest recognized	0	92	36	186
Commercial and Industrial [Member]
Average Balance of Loans Individually Evaluated for Impairment and Interest Income Recognized [Abstract]
Average recorded investment	768	562	738	562
Interest income recognized	1	1	2	2
Cash basis interest recognized	1	1	2	2
Construction and Land [Member]
Average Balance of Loans Individually Evaluated for Impairment and Interest Income Recognized [Abstract]
Average recorded investment	314	922	353	1,065
Interest income recognized	0	113	0	121
Cash basis interest recognized	$ 0	$ 113	$ 0	$ 121

LOANS, Troubled Debt Restructur

LOANS, Troubled Debt Restructurings (Details)	3 Months Ended		6 Months Ended
	Jun. 30, 2020USD ($)Loan	Jun. 30, 2019USD ($)Loan	Jun. 30, 2020USD ($)Loan	Jun. 30, 2019USD ($)Loan	Dec. 31, 2019USD ($)
Troubled Debt Restructurings [Abstract]
TDR's on Non-accrual	$ 4,780,000		$ 4,780,000		$ 5,021,000
Other TDR's	2,133,000		2,133,000		3,020,000
Total TDR's	6,913,000		6,913,000		8,041,000
Specific reserves allocated to loans that have restructured terms	2,118,000		2,118,000		2,471,000
Provision for loan losses on restructured loans	10,000	$ 216,000	213,000	$ 150,000
Commitments to lend additional amounts to borrowers	$ 0	$ 0	$ 0	$ 0
New TDR's occurred during the period | Loan	0	0	0	0
TDR's with payment defaults within 12 months after modification	$ 0	$ 0	$ 0	$ 0
Residential Real Estate [Member]
Troubled Debt Restructurings [Abstract]
TDR's on Non-accrual	25,000		25,000		32,000
Other TDR's	151,000		151,000		157,000
Total TDR's	176,000		176,000		189,000
Multifamily Real Estate [Member]
Troubled Debt Restructurings [Abstract]
TDR's on Non-accrual	3,708,000		3,708,000		3,636,000
Other TDR's	0		0		0
Total TDR's	3,708,000		3,708,000		3,636,000
Commercial Real Estate [Member] | Owner Occupied [Member]
Troubled Debt Restructurings [Abstract]
TDR's on Non-accrual	0		0		1,162,000
Other TDR's	201,000		201,000		207,000
Total TDR's	201,000		201,000		1,369,000
Commercial Real Estate [Member] | Non-Owner Occupied [Member]
Troubled Debt Restructurings [Abstract]
TDR's on Non-accrual	856,000		856,000		0
Other TDR's	1,781,000		1,781,000		2,656,000
Total TDR's	2,637,000		2,637,000		2,656,000
Commercial and Industrial [Member]
Troubled Debt Restructurings [Abstract]
TDR's on Non-accrual	191,000		191,000		191,000
Other TDR's	0		0		0
Total TDR's	$ 191,000		$ 191,000		$ 191,000

LOANS, Loan Modifications under

LOANS, Loan Modifications under CARES Act (Details) $ in Thousands	Jun. 30, 2020USD ($)
Loan Modifications under CARES Act [Abstract]
Total	$ 240,702
Modified to Interest Only Payment [Member]
Loan Modifications under CARES Act [Abstract]
Total	111,614
Modified to Defer Principal and Interest Payment [Member]
Loan Modifications under CARES Act [Abstract]
Total	129,088
Residential Real Estate [Member]
Loan Modifications under CARES Act [Abstract]
Total	16,200
Residential Real Estate [Member] | Modified to Interest Only Payment [Member]
Loan Modifications under CARES Act [Abstract]
Total	9,756
Residential Real Estate [Member] | Modified to Defer Principal and Interest Payment [Member]
Loan Modifications under CARES Act [Abstract]
Total	6,444
Multifamily Real Estate [Member]
Loan Modifications under CARES Act [Abstract]
Total	7,806
Multifamily Real Estate [Member] | Modified to Interest Only Payment [Member]
Loan Modifications under CARES Act [Abstract]
Total	2,526
Multifamily Real Estate [Member] | Modified to Defer Principal and Interest Payment [Member]
Loan Modifications under CARES Act [Abstract]
Total	5,280
Commercial Real Estate [Member] | Owner Occupied [Member]
Loan Modifications under CARES Act [Abstract]
Total	40,736
Commercial Real Estate [Member] | Owner Occupied [Member] | Modified to Interest Only Payment [Member]
Loan Modifications under CARES Act [Abstract]
Total	16,880
Commercial Real Estate [Member] | Owner Occupied [Member] | Modified to Defer Principal and Interest Payment [Member]
Loan Modifications under CARES Act [Abstract]
Total	23,856
Commercial Real Estate [Member] | Non-Owner Occupied [Member]
Loan Modifications under CARES Act [Abstract]
Total	136,145
Commercial Real Estate [Member] | Non-Owner Occupied [Member] | Modified to Interest Only Payment [Member]
Loan Modifications under CARES Act [Abstract]
Total	56,735
Commercial Real Estate [Member] | Non-Owner Occupied [Member] | Modified to Defer Principal and Interest Payment [Member]
Loan Modifications under CARES Act [Abstract]
Total	79,410
Commercial and Industrial [Member]
Loan Modifications under CARES Act [Abstract]
Total	10,144
Commercial and Industrial [Member] | Modified to Interest Only Payment [Member]
Loan Modifications under CARES Act [Abstract]
Total	3,510
Commercial and Industrial [Member] | Modified to Defer Principal and Interest Payment [Member]
Loan Modifications under CARES Act [Abstract]
Total	6,634
Consumer [Member]
Loan Modifications under CARES Act [Abstract]
Total	531
Consumer [Member] | Modified to Interest Only Payment [Member]
Loan Modifications under CARES Act [Abstract]
Total	218
Consumer [Member] | Modified to Defer Principal and Interest Payment [Member]
Loan Modifications under CARES Act [Abstract]
Total	313
Construction and Land [Member]
Loan Modifications under CARES Act [Abstract]
Total	28,796
Construction and Land [Member] | Modified to Interest Only Payment [Member]
Loan Modifications under CARES Act [Abstract]
Total	21,979
Construction and Land [Member] | Modified to Defer Principal and Interest Payment [Member]
Loan Modifications under CARES Act [Abstract]
Total	6,817
All Other [Member]
Loan Modifications under CARES Act [Abstract]
Total	344
All Other [Member] | Modified to Interest Only Payment [Member]
Loan Modifications under CARES Act [Abstract]
Total	10
All Other [Member] | Modified to Defer Principal and Interest Payment [Member]
Loan Modifications under CARES Act [Abstract]
Total	$ 334

LOANS, Risk Category of Loans b

LOANS, Risk Category of Loans by Class of Loans, Credit Quality Indicators (Details) - USD ($) $ in Thousands	Jun. 30, 2020	Dec. 31, 2019
Risk Category of Loans by Class of Loans [Abstract]
Loans	$ 1,265,002	$ 1,195,295
Residential Real Estate [Member]
Risk Category of Loans by Class of Loans [Abstract]
Loans	390,150	389,985
Multifamily Real Estate [Member]
Risk Category of Loans by Class of Loans [Abstract]
Loans	37,376	36,684
Commercial Real Estate [Member] | Owner Occupied [Member]
Risk Category of Loans by Class of Loans [Abstract]
Loans	164,121	164,218
Commercial Real Estate [Member] | Non-Owner Occupied [Member]
Risk Category of Loans by Class of Loans [Abstract]
Loans	303,141	304,316
Commercial and Industrial [Member]
Risk Category of Loans by Class of Loans [Abstract]
Loans	85,073	105,079
SBA PPP [Member]
Risk Category of Loans by Class of Loans [Abstract]
Loans	110,690	0
Consumer [Member]
Risk Category of Loans by Class of Loans [Abstract]
Loans	25,416	29,007
Construction and Land [Member]
Risk Category of Loans by Class of Loans [Abstract]
Loans	115,053	136,138
All Other [Member]
Risk Category of Loans by Class of Loans [Abstract]
Loans	33,982	29,868
Pass [Member]
Risk Category of Loans by Class of Loans [Abstract]
Loans	1,209,836	1,128,603
Pass [Member] | Residential Real Estate [Member]
Risk Category of Loans by Class of Loans [Abstract]
Loans	376,261	374,835
Pass [Member] | Multifamily Real Estate [Member]
Risk Category of Loans by Class of Loans [Abstract]
Loans	29,216	28,103
Pass [Member] | Commercial Real Estate [Member] | Owner Occupied [Member]
Risk Category of Loans by Class of Loans [Abstract]
Loans	155,443	152,695
Pass [Member] | Commercial Real Estate [Member] | Non-Owner Occupied [Member]
Risk Category of Loans by Class of Loans [Abstract]
Loans	288,198	290,096
Pass [Member] | Commercial and Industrial [Member]
Risk Category of Loans by Class of Loans [Abstract]
Loans	80,192	101,085
Pass [Member] | SBA PPP [Member]
Risk Category of Loans by Class of Loans [Abstract]
Loans	110,690
Pass [Member] | Consumer [Member]
Risk Category of Loans by Class of Loans [Abstract]
Loans	25,107	28,618
Pass [Member] | Construction and Land [Member]
Risk Category of Loans by Class of Loans [Abstract]
Loans	110,807	123,473
Pass [Member] | All Other [Member]
Risk Category of Loans by Class of Loans [Abstract]
Loans	33,922	29,698
Special Mention [Member]
Risk Category of Loans by Class of Loans [Abstract]
Loans	28,501	36,735
Special Mention [Member] | Residential Real Estate [Member]
Risk Category of Loans by Class of Loans [Abstract]
Loans	2,992	3,477
Special Mention [Member] | Multifamily Real Estate [Member]
Risk Category of Loans by Class of Loans [Abstract]
Loans	4,452	4,855
Special Mention [Member] | Commercial Real Estate [Member] | Owner Occupied [Member]
Risk Category of Loans by Class of Loans [Abstract]
Loans	4,284	5,123
Special Mention [Member] | Commercial Real Estate [Member] | Non-Owner Occupied [Member]
Risk Category of Loans by Class of Loans [Abstract]
Loans	9,597	8,617
Special Mention [Member] | Commercial and Industrial [Member]
Risk Category of Loans by Class of Loans [Abstract]
Loans	3,498	2,693
Special Mention [Member] | SBA PPP [Member]
Risk Category of Loans by Class of Loans [Abstract]
Loans	0
Special Mention [Member] | Consumer [Member]
Risk Category of Loans by Class of Loans [Abstract]
Loans	2	5
Special Mention [Member] | Construction and Land [Member]
Risk Category of Loans by Class of Loans [Abstract]
Loans	3,676	11,868
Special Mention [Member] | All Other [Member]
Risk Category of Loans by Class of Loans [Abstract]
Loans	0	97
Substandard [Member]
Risk Category of Loans by Class of Loans [Abstract]
Loans	26,665	29,957
Substandard [Member] | Residential Real Estate [Member]
Risk Category of Loans by Class of Loans [Abstract]
Loans	10,897	11,673
Substandard [Member] | Multifamily Real Estate [Member]
Risk Category of Loans by Class of Loans [Abstract]
Loans	3,708	3,726
Substandard [Member] | Commercial Real Estate [Member] | Owner Occupied [Member]
Risk Category of Loans by Class of Loans [Abstract]
Loans	4,394	6,400
Substandard [Member] | Commercial Real Estate [Member] | Non-Owner Occupied [Member]
Risk Category of Loans by Class of Loans [Abstract]
Loans	5,346	5,603
Substandard [Member] | Commercial and Industrial [Member]
Risk Category of Loans by Class of Loans [Abstract]
Loans	1,383	1,301
Substandard [Member] | SBA PPP [Member]
Risk Category of Loans by Class of Loans [Abstract]
Loans	0
Substandard [Member] | Consumer [Member]
Risk Category of Loans by Class of Loans [Abstract]
Loans	307	384
Substandard [Member] | Construction and Land [Member]
Risk Category of Loans by Class of Loans [Abstract]
Loans	570	797
Substandard [Member] | All Other [Member]
Risk Category of Loans by Class of Loans [Abstract]
Loans	60	73
Doubtful [Member]
Risk Category of Loans by Class of Loans [Abstract]
Loans	0	0
Doubtful [Member] | Residential Real Estate [Member]
Risk Category of Loans by Class of Loans [Abstract]
Loans	0	0
Doubtful [Member] | Multifamily Real Estate [Member]
Risk Category of Loans by Class of Loans [Abstract]
Loans	0	0
Doubtful [Member] | Commercial Real Estate [Member] | Owner Occupied [Member]
Risk Category of Loans by Class of Loans [Abstract]
Loans	0	0
Doubtful [Member] | Commercial Real Estate [Member] | Non-Owner Occupied [Member]
Risk Category of Loans by Class of Loans [Abstract]
Loans	0	0
Doubtful [Member] | Commercial and Industrial [Member]
Risk Category of Loans by Class of Loans [Abstract]
Loans	0	0
Doubtful [Member] | SBA PPP [Member]
Risk Category of Loans by Class of Loans [Abstract]
Loans	0
Doubtful [Member] | Consumer [Member]
Risk Category of Loans by Class of Loans [Abstract]
Loans	0	0
Doubtful [Member] | Construction and Land [Member]
Risk Category of Loans by Class of Loans [Abstract]
Loans	0	0
Doubtful [Member] | All Other [Member]
Risk Category of Loans by Class of Loans [Abstract]
Loans	$ 0	$ 0

STOCKHOLDERS' EQUITY AND REGU_3

STOCKHOLDERS' EQUITY AND REGULATORY MATTERS (Details) $ in Millions	6 Months Ended
	Jun. 30, 2020USD ($)	Dec. 31, 2019
Regulatory Matters [Abstract]
Number of previous years retained profit taken for dividend calculation	2 years
Funds available for dividends without prior approval	$ 11.4
Tier 1 capital	$ 200.1
Summary of Regulatory Capital Ratios [Abstract]
Tier 1 Capital to average assets (CBLR), Ratio	0.109	0.113
Tier 1 Capital to average assets (CBLR), Regulatory Minimum Requirements, Ratio	0.080
Tier 1 Capital to average assets (CBLR) To Be Considered Well Capitalized, Ratio	0.080
Premier Bank, Inc. [Member]
Summary of Regulatory Capital Ratios [Abstract]
Tier 1 Capital to average assets (CBLR), Ratio	0.110
Citizens Deposit Bank & Trust [Member]
Summary of Regulatory Capital Ratios [Abstract]
Tier 1 Capital to average assets (CBLR), Ratio	0.082

PREMISES AND EQUIPMENT (Details

PREMISES AND EQUIPMENT (Details) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Operating Leases [Abstract]
Weighed average remaining lease term	9 years		9 years
Weighted average discount rate used in measurement of operating lease liabilities	0.94%		0.94%
Lease Expenses [Abstract]
Short-term lease expense	$ 36,000	$ 20,000	$ 74,000	$ 48,000
Operating lease expense	304,000	290,000	599,000	574,000
Total lease expense	340,000	$ 310,000	673,000	$ 622,000
Future Minimum Rental Commitments under Operating Leases [Abstract]
2020	556,000		556,000
2021	1,067,000		1,067,000
2022	1,050,000		1,050,000
2023	805,000		805,000
2024	680,000		680,000
2025 and Thereafter	3,494,000		3,494,000
Total undiscounted cash flows	7,652,000		7,652,000
Discounted cash flows	(422,000)		(422,000)
Total lease liability	$ 7,230,000		$ 7,230,000
Minimum [Member]
Operating Leases [Abstract]
Term of leases	2 years		2 years
Maximum [Member]
Operating Leases [Abstract]
Term of leases	16 years		16 years

STOCK COMPENSATION EXPENSE (Det

STOCK COMPENSATION EXPENSE (Details) - USD ($)	Jun. 09, 2020	Mar. 18, 2020	Apr. 17, 2019	Mar. 20, 2019	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Stock Compensation Expense [Abstract]
Compensation expense					$ 226,000	$ 209,000	$ 226,000	$ 209,000
Unrecognized stock-based compensation expense					$ 101,000		$ 101,000
Unrecognized stock-based compensation, period of recognition							32 months
2012 Long Term Incentive Plan [Member] | Stock Options [Member] | President and CEO [Member]
Stock Compensation Expense [Abstract]
Grants (in shares)	11,000		7,500
Fair value of shares granted (in dollars per share)	$ 14.54		$ 16.78
Compensation expense	$ 160,000		$ 126,000
2012 Long Term Incentive Plan [Member] | Granted on March 18, 2020 [Member] | Stock Options [Member]
Stock Compensation Expense [Abstract]
Grants (in shares)		74,025
Grants (in dollars per share)		$ 8.50
Stock option vesting period		3 years
2012 Long Term Incentive Plan [Member] | Granted on March 20, 2019 [Member] | Stock Options [Member]
Stock Compensation Expense [Abstract]
Grants (in shares)				72,075
Grants (in dollars per share)				$ 15.57
Stock option vesting period				3 years

EARNINGS PER SHARE (Details)

EARNINGS PER SHARE (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Basic earnings per share [Abstract]
Income available to common stockholders	$ 5,506	$ 5,859	$ 10,874	$ 12,035
Weighted average common shares outstanding (in shares)	14,664,916	14,636,569	14,661,957	14,631,430
Basic (in dollars per share)	$ 0.38	$ 0.40	$ 0.74	$ 0.82
Diluted earnings per share [Abstract]
Income available to common stockholders	$ 5,506	$ 5,859	$ 10,874	$ 12,035
Weighted average common shares outstanding (in shares)	14,664,916	14,636,569	14,661,957	14,631,430
Add dilutive effects of potential additional common stock (in shares)	60,159	81,850	66,251	76,947
Weighted average common and dilutive potential common shares outstanding (in shares)	14,725,075	14,718,419	14,728,208	14,708,377
Diluted (in dollars per share)	$ 0.37	$ 0.40	$ 0.74	$ 0.82
Stock Options [Member]
Earnings Per Share [Abstract]
Securities not considered in computing diluted earnings per share (in shares)	183,242	0	183,242	0

FAIR VALUE, Carrying Amount and

FAIR VALUE, Carrying Amount and Estimated Fair Value of Financial Instruments (Details) - USD ($) $ in Thousands	Jun. 30, 2020	Dec. 31, 2019
Financial assets [Abstract]
Securities available for sale	$ 416,700	$ 390,754
FHLB stock	4,286	4,450
Carrying Amount [Member]
Financial assets [Abstract]
Cash and due from banks	124,647	88,556
Time deposits with other banks	598	598
Federal funds sold	8,365	5,902
Securities available for sale	416,700	390,754
Loans, net	1,250,614	1,181,753
Interest receivable	5,997	4,699
Financial liabilities [Abstract]
Deposits	1,608,151	1,495,753
Securities sold under agreements to repurchase	27,737	20,428
FHLB advance	2,995	6,375
Subordinated debt	5,455	5,436
Interest payable	638	912
Fair Value [Member]
Financial assets [Abstract]
Cash and due from banks	124,647	88,556
Time deposits with other banks	601	599
Federal funds sold	8,365	5,902
Securities available for sale	416,700	390,754
Loans, net	1,251,278	1,172,755
Interest receivable	5,997	4,699
Financial liabilities [Abstract]
Deposits	1,609,310	1,493,285
Securities sold under agreements to repurchase	27,737	20,428
FHLB advance	3,003	6,352
Subordinated debt	5,354	5,527
Interest payable	638	912
Fair Value [Member] | Level 1 [Member]
Financial assets [Abstract]
Cash and due from banks	124,647	88,556
Time deposits with other banks	0	0
Federal funds sold	8,365	5,902
Securities available for sale	0	0
Loans, net	0	0
Interest receivable	0	4
Financial liabilities [Abstract]
Deposits	1,243,622	1,068,399
Securities sold under agreements to repurchase	0	0
FHLB advance	0	0
Subordinated debt	0	0
Interest payable	7	15
Fair Value [Member] | Level 2 [Member]
Financial assets [Abstract]
Cash and due from banks	0	0
Time deposits with other banks	601	599
Federal funds sold	0	0
Securities available for sale	416,700	390,754
Loans, net	0	0
Interest receivable	1,282	1,110
Financial liabilities [Abstract]
Deposits	365,688	424,886
Securities sold under agreements to repurchase	27,737	20,428
FHLB advance	3,003	6,352
Subordinated debt	5,354	5,527
Interest payable	631	897
Fair Value [Member] | Level 3 [Member]
Financial assets [Abstract]
Cash and due from banks	0	0
Time deposits with other banks	0	0
Federal funds sold	0	0
Securities available for sale	0	0
Loans, net	1,251,278	1,172,755
Interest receivable	4,715	3,585
Financial liabilities [Abstract]
Deposits	0	0
Securities sold under agreements to repurchase	0	0
FHLB advance	0	0
Subordinated debt	0	0
Interest payable	$ 0	$ 0

FAIR VALUE, Assets and Liabilit

FAIR VALUE, Assets and Liabilities Measured at Fair Value on Recurring Basis (Details) - USD ($) $ in Thousands	Jun. 30, 2020	Dec. 31, 2019
Available for sale [Abstract]
Securities available for sale	$ 416,700	$ 390,754
Carrying Value [Member]
Available for sale [Abstract]
Securities available for sale	416,700	390,754
Fair Value [Member]
Available for sale [Abstract]
Securities available for sale	416,700	390,754
Fair Value [Member] | Quoted Prices in Active Markets for Identical Assets (Level 1) [Member]
Available for sale [Abstract]
Securities available for sale	0	0
Fair Value [Member] | Significant Other Observable Inputs (Level 2) [Member]
Available for sale [Abstract]
Securities available for sale	416,700	390,754
Fair Value [Member] | Significant Unobservable Inputs (Level 3) [Member]
Available for sale [Abstract]
Securities available for sale	0	0
U.S. Agency MBS - Residential [Member]
Available for sale [Abstract]
Securities available for sale	316,143	279,309
U.S. Agency MBS - Residential [Member] | Carrying Value [Member]
Available for sale [Abstract]
Securities available for sale	316,143	279,309
U.S. Agency MBS - Residential [Member] | Fair Value [Member] | Quoted Prices in Active Markets for Identical Assets (Level 1) [Member]
Available for sale [Abstract]
Securities available for sale	0	0
U.S. Agency MBS - Residential [Member] | Fair Value [Member] | Significant Other Observable Inputs (Level 2) [Member]
Available for sale [Abstract]
Securities available for sale	316,143	279,309
U.S. Agency MBS - Residential [Member] | Fair Value [Member] | Significant Unobservable Inputs (Level 3) [Member]
Available for sale [Abstract]
Securities available for sale	0	0
U.S. Agency CMO's - Residential [Member]
Available for sale [Abstract]
Securities available for sale	49,196	62,644
U.S. Agency CMO's - Residential [Member] | Carrying Value [Member]
Available for sale [Abstract]
Securities available for sale	49,196	62,644
U.S. Agency CMO's - Residential [Member] | Fair Value [Member] | Quoted Prices in Active Markets for Identical Assets (Level 1) [Member]
Available for sale [Abstract]
Securities available for sale	0	0
U.S. Agency CMO's - Residential [Member] | Fair Value [Member] | Significant Other Observable Inputs (Level 2) [Member]
Available for sale [Abstract]
Securities available for sale	49,196	62,644
U.S. Agency CMO's - Residential [Member] | Fair Value [Member] | Significant Unobservable Inputs (Level 3) [Member]
Available for sale [Abstract]
Securities available for sale	0	0
Total Mortgage-Backed Securities of Government Sponsored Agencies [Member]
Available for sale [Abstract]
Securities available for sale	365,339	341,953
Total Mortgage-Backed Securities of Government Sponsored Agencies [Member] | Carrying Value [Member]
Available for sale [Abstract]
Securities available for sale	365,339	341,953
Total Mortgage-Backed Securities of Government Sponsored Agencies [Member] | Fair Value [Member] | Quoted Prices in Active Markets for Identical Assets (Level 1) [Member]
Available for sale [Abstract]
Securities available for sale	0	0
Total Mortgage-Backed Securities of Government Sponsored Agencies [Member] | Fair Value [Member] | Significant Other Observable Inputs (Level 2) [Member]
Available for sale [Abstract]
Securities available for sale	365,339	341,953
Total Mortgage-Backed Securities of Government Sponsored Agencies [Member] | Fair Value [Member] | Significant Unobservable Inputs (Level 3) [Member]
Available for sale [Abstract]
Securities available for sale	0	0
U.S. Government Sponsored Agency Securities [Member]
Available for sale [Abstract]
Securities available for sale	9,546	30,730
U.S. Government Sponsored Agency Securities [Member] | Carrying Value [Member]
Available for sale [Abstract]
Securities available for sale	9,546	30,730
U.S. Government Sponsored Agency Securities [Member] | Fair Value [Member] | Quoted Prices in Active Markets for Identical Assets (Level 1) [Member]
Available for sale [Abstract]
Securities available for sale	0	0
U.S. Government Sponsored Agency Securities [Member] | Fair Value [Member] | Significant Other Observable Inputs (Level 2) [Member]
Available for sale [Abstract]
Securities available for sale	9,546	30,730
U.S. Government Sponsored Agency Securities [Member] | Fair Value [Member] | Significant Unobservable Inputs (Level 3) [Member]
Available for sale [Abstract]
Securities available for sale	0	0
Obligations of States and Political Subdivisions [Member]
Available for sale [Abstract]
Securities available for sale	39,724	16,017
Obligations of States and Political Subdivisions [Member] | Carrying Value [Member]
Available for sale [Abstract]
Securities available for sale	39,724	16,017
Obligations of States and Political Subdivisions [Member] | Fair Value [Member] | Quoted Prices in Active Markets for Identical Assets (Level 1) [Member]
Available for sale [Abstract]
Securities available for sale	0	0
Obligations of States and Political Subdivisions [Member] | Fair Value [Member] | Significant Other Observable Inputs (Level 2) [Member]
Available for sale [Abstract]
Securities available for sale	39,724	16,017
Obligations of States and Political Subdivisions [Member] | Fair Value [Member] | Significant Unobservable Inputs (Level 3) [Member]
Available for sale [Abstract]
Securities available for sale	0	0
Other Securities [Member]
Available for sale [Abstract]
Securities available for sale	2,091	2,054
Other Securities [Member] | Carrying Value [Member]
Available for sale [Abstract]
Securities available for sale	2,091	2,054
Other Securities [Member] | Fair Value [Member] | Quoted Prices in Active Markets for Identical Assets (Level 1) [Member]
Available for sale [Abstract]
Securities available for sale	0	0
Other Securities [Member] | Fair Value [Member] | Significant Other Observable Inputs (Level 2) [Member]
Available for sale [Abstract]
Securities available for sale	2,091	2,054
Other Securities [Member] | Fair Value [Member] | Significant Unobservable Inputs (Level 3) [Member]
Available for sale [Abstract]
Securities available for sale	$ 0	$ 0

FAIR VALUE, Assets and Liabil_2

FAIR VALUE, Assets and Liabilities Measured at Fair Value on Nonrecurring Basis (Details) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019	Dec. 31, 2019
Assets [Abstract]
Total impaired loans	$ 5,311,000		$ 5,311,000		$ 5,343,000
Total OREO	10,788,000		10,788,000		10,875,000
Impaired Loans, Additional Disclosure [Abstract]
Recorded investment in impaired loans carried at fair value	8,070,000		8,070,000		8,445,000
Valuation allowance for impaired loans	2,759,000		2,759,000		3,102,000
Impaired collateral dependent loans, provision for loan losses	41,000	$ 416,000	223,000	$ 226,000
Other Real Estate Owned, Additional Disclosure [Abstract]
Recorded investment in other real estate owned carried at fair value - gross	12,435,000		12,435,000		12,474,000
Valuation allowance for other real estate owned	1,647,000		1,647,000		1,599,000
Write downs	277,000	$ 131,000	277,000	$ 131,000
Multifamily Real Estate [Member]
Assets [Abstract]
Total impaired loans	1,843,000		1,843,000		1,900,000
Total OREO	9,503,000		9,503,000		9,588,000
Impaired Loans, Additional Disclosure [Abstract]
Valuation allowance for impaired loans	1,865,000		1,865,000		1,737,000
Commercial Real Estate [Member] | Owner Occupied [Member]
Assets [Abstract]
Total impaired loans					509,000
Total OREO	529,000		529,000		288,000
Impaired Loans, Additional Disclosure [Abstract]
Valuation allowance for impaired loans					653,000
Commercial Real Estate [Member] | Non-Owner Occupied [Member]
Assets [Abstract]
Total impaired loans	3,151,000		3,151,000		2,266,000
Impaired Loans, Additional Disclosure [Abstract]
Valuation allowance for impaired loans	448,000		448,000		271,000
Residential Real Estate [Member]
Assets [Abstract]
Total OREO	205,000		205,000		249,000
Commercial and Industrial [Member]
Assets [Abstract]
Total impaired loans	317,000		317,000		288,000
Impaired Loans, Additional Disclosure [Abstract]
Valuation allowance for impaired loans	446,000		446,000		390,000
Construction & Land [Member]
Assets [Abstract]
Total impaired loans					380,000
Total OREO	551,000		551,000		750,000
Impaired Loans, Additional Disclosure [Abstract]
Valuation allowance for impaired loans					51,000
Nonrecurring [Member] | Quoted Prices in Active Markets for Identical Assets (Level 1) [Member]
Assets [Abstract]
Total impaired loans	0		0		0
Total OREO	0		0		0
Nonrecurring [Member] | Significant Other Observable Inputs (Level 2) [Member]
Assets [Abstract]
Total impaired loans	0		0		0
Total OREO	0		0		0
Nonrecurring [Member] | Significant Unobservable Inputs (Level 3) [Member]
Assets [Abstract]
Total impaired loans	5,311,000		5,311,000		5,343,000
Total OREO	10,788,000		10,788,000		10,875,000
Nonrecurring [Member] | Carrying Amount [Member]
Assets [Abstract]
Total impaired loans	5,311,000		5,311,000		5,343,000
Total OREO	10,788,000		10,788,000		10,875,000
Nonrecurring [Member] | Multifamily Real Estate [Member] | Quoted Prices in Active Markets for Identical Assets (Level 1) [Member]
Assets [Abstract]
Total impaired loans	0		0		0
Total OREO	0		0		0
Nonrecurring [Member] | Multifamily Real Estate [Member] | Significant Other Observable Inputs (Level 2) [Member]
Assets [Abstract]
Total impaired loans	0		0		0
Total OREO	0		0		0
Nonrecurring [Member] | Multifamily Real Estate [Member] | Significant Unobservable Inputs (Level 3) [Member]
Assets [Abstract]
Total impaired loans	1,843,000		1,843,000		1,900,000
Total OREO	9,503,000		9,503,000		9,588,000
Nonrecurring [Member] | Multifamily Real Estate [Member] | Carrying Amount [Member]
Assets [Abstract]
Total impaired loans	1,843,000		1,843,000		1,900,000
Total OREO	9,503,000		9,503,000		9,588,000
Nonrecurring [Member] | Commercial Real Estate [Member] | Owner Occupied [Member] | Quoted Prices in Active Markets for Identical Assets (Level 1) [Member]
Assets [Abstract]
Total impaired loans					0
Total OREO	0		0		0
Nonrecurring [Member] | Commercial Real Estate [Member] | Owner Occupied [Member] | Significant Other Observable Inputs (Level 2) [Member]
Assets [Abstract]
Total impaired loans					0
Total OREO	0		0		0
Nonrecurring [Member] | Commercial Real Estate [Member] | Owner Occupied [Member] | Significant Unobservable Inputs (Level 3) [Member]
Assets [Abstract]
Total impaired loans					509,000
Total OREO	529,000		529,000		288,000
Nonrecurring [Member] | Commercial Real Estate [Member] | Owner Occupied [Member] | Carrying Amount [Member]
Assets [Abstract]
Total impaired loans					509,000
Total OREO	529,000		529,000		288,000
Nonrecurring [Member] | Commercial Real Estate [Member] | Non-Owner Occupied [Member] | Quoted Prices in Active Markets for Identical Assets (Level 1) [Member]
Assets [Abstract]
Total impaired loans	0		0		0
Nonrecurring [Member] | Commercial Real Estate [Member] | Non-Owner Occupied [Member] | Significant Other Observable Inputs (Level 2) [Member]
Assets [Abstract]
Total impaired loans	0		0		0
Nonrecurring [Member] | Commercial Real Estate [Member] | Non-Owner Occupied [Member] | Significant Unobservable Inputs (Level 3) [Member]
Assets [Abstract]
Total impaired loans	3,151,000		3,151,000		2,266,000
Nonrecurring [Member] | Commercial Real Estate [Member] | Non-Owner Occupied [Member] | Carrying Amount [Member]
Assets [Abstract]
Total impaired loans	3,151,000		3,151,000		2,266,000
Nonrecurring [Member] | Residential Real Estate [Member] | Quoted Prices in Active Markets for Identical Assets (Level 1) [Member]
Assets [Abstract]
Total OREO	0		0		0
Nonrecurring [Member] | Residential Real Estate [Member] | Significant Other Observable Inputs (Level 2) [Member]
Assets [Abstract]
Total OREO	0		0		0
Nonrecurring [Member] | Residential Real Estate [Member] | Significant Unobservable Inputs (Level 3) [Member]
Assets [Abstract]
Total OREO	205,000		205,000		249,000
Nonrecurring [Member] | Residential Real Estate [Member] | Carrying Amount [Member]
Assets [Abstract]
Total OREO	205,000		205,000		249,000
Nonrecurring [Member] | Commercial and Industrial [Member] | Quoted Prices in Active Markets for Identical Assets (Level 1) [Member]
Assets [Abstract]
Total impaired loans	0		0		0
Nonrecurring [Member] | Commercial and Industrial [Member] | Significant Other Observable Inputs (Level 2) [Member]
Assets [Abstract]
Total impaired loans	0		0		0
Nonrecurring [Member] | Commercial and Industrial [Member] | Significant Unobservable Inputs (Level 3) [Member]
Assets [Abstract]
Total impaired loans	317,000		317,000		288,000
Nonrecurring [Member] | Commercial and Industrial [Member] | Carrying Amount [Member]
Assets [Abstract]
Total impaired loans	317,000		317,000		288,000
Nonrecurring [Member] | Construction & Land [Member] | Quoted Prices in Active Markets for Identical Assets (Level 1) [Member]
Assets [Abstract]
Total impaired loans					0
Total OREO	0		0		0
Nonrecurring [Member] | Construction & Land [Member] | Significant Other Observable Inputs (Level 2) [Member]
Assets [Abstract]
Total impaired loans					0
Total OREO	0		0		0
Nonrecurring [Member] | Construction & Land [Member] | Significant Unobservable Inputs (Level 3) [Member]
Assets [Abstract]
Total impaired loans					380,000
Total OREO	551,000		551,000		750,000
Nonrecurring [Member] | Construction & Land [Member] | Carrying Amount [Member]
Assets [Abstract]
Total impaired loans					380,000
Total OREO	$ 551,000		$ 551,000		$ 750,000

FAIR VALUE, Asset Quantitative

FAIR VALUE, Asset Quantitative Information (Details) $ in Thousands	Jun. 30, 2020USD ($)	Dec. 31, 2019USD ($)
Significant Unobservable Inputs Related to Assets and Liabilities Measured at Fair Value [Abstract]
Impaired loans	$ 5,311	$ 5,343
Other real estate owned	10,788	10,875
Multifamily Real Estate [Member]
Significant Unobservable Inputs Related to Assets and Liabilities Measured at Fair Value [Abstract]
Impaired loans	1,843	1,900
Other real estate owned	$ 9,503	$ 9,588
Other Real Estate Owned, Valuation Technique [Extensible List]	us-gaap:IncomeApproachValuationTechniqueMember	us-gaap:IncomeApproachValuationTechniqueMember
Multifamily Real Estate [Member] | Adjustment for Estimated Realizable Value [Member] | Sales Comparison [Member] | Minimum [Member]
Significant Unobservable Inputs Related to Assets and Liabilities Measured at Fair Value [Abstract]
Impaired loans, unobservable inputs	0.139	0.589
Multifamily Real Estate [Member] | Adjustment for Estimated Realizable Value [Member] | Sales Comparison [Member] | Maximum [Member]
Significant Unobservable Inputs Related to Assets and Liabilities Measured at Fair Value [Abstract]
Impaired loans, unobservable inputs	0.674	0.589
Multifamily Real Estate [Member] | Adjustment for Estimated Realizable Value [Member] | Sales Comparison [Member] | Weighted Average [Member]
Significant Unobservable Inputs Related to Assets and Liabilities Measured at Fair Value [Abstract]
Impaired loans, unobservable inputs	0.439	0.589
Multifamily Real Estate [Member] | Adjustment for Differences in Net Operating Income Expectations [Member] | Income Approach [Member] | Minimum [Member]
Significant Unobservable Inputs Related to Assets and Liabilities Measured at Fair Value [Abstract]
Other real estate owned, unobservable inputs	0.262	0.256
Multifamily Real Estate [Member] | Adjustment for Differences in Net Operating Income Expectations [Member] | Income Approach [Member] | Maximum [Member]
Significant Unobservable Inputs Related to Assets and Liabilities Measured at Fair Value [Abstract]
Other real estate owned, unobservable inputs	0.262	0.256
Multifamily Real Estate [Member] | Adjustment for Differences in Net Operating Income Expectations [Member] | Income Approach [Member] | Weighted Average [Member]
Significant Unobservable Inputs Related to Assets and Liabilities Measured at Fair Value [Abstract]
Other real estate owned, unobservable inputs	0.262	0.256
Residential Real Estate [Member]
Significant Unobservable Inputs Related to Assets and Liabilities Measured at Fair Value [Abstract]
Other real estate owned	$ 205	$ 249
Other Real Estate Owned, Valuation Technique [Extensible List]	us-gaap:MarketApproachValuationTechniqueMember	us-gaap:MarketApproachValuationTechniqueMember
Residential Real Estate [Member] | Adjustment for Estimated Realizable Value [Member] | Sales Comparison [Member] | Minimum [Member]
Significant Unobservable Inputs Related to Assets and Liabilities Measured at Fair Value [Abstract]
Other real estate owned, unobservable inputs	0.002	0.002
Residential Real Estate [Member] | Adjustment for Estimated Realizable Value [Member] | Sales Comparison [Member] | Maximum [Member]
Significant Unobservable Inputs Related to Assets and Liabilities Measured at Fair Value [Abstract]
Other real estate owned, unobservable inputs	0.598	0.598
Residential Real Estate [Member] | Adjustment for Estimated Realizable Value [Member] | Sales Comparison [Member] | Weighted Average [Member]
Significant Unobservable Inputs Related to Assets and Liabilities Measured at Fair Value [Abstract]
Other real estate owned, unobservable inputs	0.181	0.175
Commercial Real Estate [Member] | Owner Occupied [Member]
Significant Unobservable Inputs Related to Assets and Liabilities Measured at Fair Value [Abstract]
Impaired loans		$ 509
Other real estate owned	$ 529	$ 288
Other Real Estate Owned, Valuation Technique [Extensible List]	us-gaap:MarketApproachValuationTechniqueMember	us-gaap:MarketApproachValuationTechniqueMember
Commercial Real Estate [Member] | Owner Occupied [Member] | Adjustment for Estimated Realizable Value [Member] | Sales Comparison [Member] | Minimum [Member]
Significant Unobservable Inputs Related to Assets and Liabilities Measured at Fair Value [Abstract]
Impaired loans, unobservable inputs		0.761
Other real estate owned, unobservable inputs	0.295	0.146
Commercial Real Estate [Member] | Owner Occupied [Member] | Adjustment for Estimated Realizable Value [Member] | Sales Comparison [Member] | Maximum [Member]
Significant Unobservable Inputs Related to Assets and Liabilities Measured at Fair Value [Abstract]
Impaired loans, unobservable inputs		0.761
Other real estate owned, unobservable inputs	0.295	0.704
Commercial Real Estate [Member] | Owner Occupied [Member] | Adjustment for Estimated Realizable Value [Member] | Sales Comparison [Member] | Weighted Average [Member]
Significant Unobservable Inputs Related to Assets and Liabilities Measured at Fair Value [Abstract]
Impaired loans, unobservable inputs		0.761
Other real estate owned, unobservable inputs		0.340
Commercial Real Estate [Member] | Non-Owner Occupied [Member]
Significant Unobservable Inputs Related to Assets and Liabilities Measured at Fair Value [Abstract]
Impaired loans	$ 3,151	$ 2,266
Commercial Real Estate [Member] | Non-Owner Occupied [Member] | Adjustment for Estimated Realizable Value [Member] | Sales Comparison [Member] | Weighted Average [Member]
Significant Unobservable Inputs Related to Assets and Liabilities Measured at Fair Value [Abstract]
Other real estate owned, unobservable inputs	0.295
Commercial Real Estate [Member] | Non-Owner Occupied [Member] | Adjustment for Differences in Net Operating Income Expectations [Member] | Income Approach [Member] | Minimum [Member]
Significant Unobservable Inputs Related to Assets and Liabilities Measured at Fair Value [Abstract]
Impaired loans, unobservable inputs	0.139	0.366
Commercial Real Estate [Member] | Non-Owner Occupied [Member] | Adjustment for Differences in Net Operating Income Expectations [Member] | Income Approach [Member] | Maximum [Member]
Significant Unobservable Inputs Related to Assets and Liabilities Measured at Fair Value [Abstract]
Impaired loans, unobservable inputs	0.674	0.674
Commercial Real Estate [Member] | Non-Owner Occupied [Member] | Adjustment for Differences in Net Operating Income Expectations [Member] | Income Approach [Member] | Weighted Average [Member]
Significant Unobservable Inputs Related to Assets and Liabilities Measured at Fair Value [Abstract]
Impaired loans, unobservable inputs	0.439	0.606
Commercial and Industrial [Member]
Significant Unobservable Inputs Related to Assets and Liabilities Measured at Fair Value [Abstract]
Impaired loans	$ 317	$ 288
Commercial and Industrial [Member] | Adjustment for Estimated Realizable Value [Member] | Sales Comparison [Member] | Minimum [Member]
Significant Unobservable Inputs Related to Assets and Liabilities Measured at Fair Value [Abstract]
Impaired loans, unobservable inputs	0.250	0.250
Commercial and Industrial [Member] | Adjustment for Estimated Realizable Value [Member] | Sales Comparison [Member] | Maximum [Member]
Significant Unobservable Inputs Related to Assets and Liabilities Measured at Fair Value [Abstract]
Impaired loans, unobservable inputs	0.861	0.870
Commercial and Industrial [Member] | Adjustment for Estimated Realizable Value [Member] | Sales Comparison [Member] | Weighted Average [Member]
Significant Unobservable Inputs Related to Assets and Liabilities Measured at Fair Value [Abstract]
Impaired loans, unobservable inputs	0.458	0.436
Construction and Land [Member]
Significant Unobservable Inputs Related to Assets and Liabilities Measured at Fair Value [Abstract]
Impaired loans		$ 380
Other real estate owned	$ 551	$ 750
Other Real Estate Owned, Valuation Technique [Extensible List]	us-gaap:MarketApproachValuationTechniqueMember	us-gaap:MarketApproachValuationTechniqueMember
Construction and Land [Member] | Adjustment for Estimated Realizable Value [Member] | Sales Comparison [Member] | Minimum [Member]
Significant Unobservable Inputs Related to Assets and Liabilities Measured at Fair Value [Abstract]
Impaired loans, unobservable inputs		0.565
Other real estate owned, unobservable inputs	0.503	0.503
Construction and Land [Member] | Adjustment for Estimated Realizable Value [Member] | Sales Comparison [Member] | Maximum [Member]
Significant Unobservable Inputs Related to Assets and Liabilities Measured at Fair Value [Abstract]
Impaired loans, unobservable inputs		0.565
Other real estate owned, unobservable inputs	0.863	0.699
Construction and Land [Member] | Adjustment for Estimated Realizable Value [Member] | Sales Comparison [Member] | Weighted Average [Member]
Significant Unobservable Inputs Related to Assets and Liabilities Measured at Fair Value [Abstract]
Impaired loans, unobservable inputs		0.565
Other real estate owned, unobservable inputs	0.765	0.660