First Community (FCCO) 10-Q 8 Aug 18 2018 Q2 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	6 Months Ended
	Jun. 30, 2018	Aug. 08, 2018
Document and Entity Information
Entity Registrant Name	FIRST COMMUNITY CORP /SC/
Entity Central Index Key	932,781
Document Type	10-Q
Trading Symbol	fcco
Document Period End Date	Jun. 30, 2018
Amendment Flag	false
Current Fiscal Year End Date	--12-31
Entity Well-known Seasoned Issuer	No
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Filer Category	Accelerated Filer
Entity Common Stock, Shares Outstanding		7,605,053
Document Fiscal Year Focus	2,018
Document Fiscal Period Focus	Q2

Consolidated Balance Sheets (Un

Consolidated Balance Sheets (Unaudited) - USD ($) $ in Thousands	Jun. 30, 2018	Dec. 31, 2017
ASSETS
Cash and due from banks	$ 16,147	$ 14,803
Interest-bearing bank balances	28,195	15,186
Federal funds sold and securities purchased under agreements to resell	603	602
Investment securities held-to-maturity	16,261	17,012
Investment securities available-for-sale	255,513	264,824
Other investments, at cost	1,956	2,559
Loans held for sale	6,969	5,093
Loans	684,333	646,805
Less, allowance for loan losses	6,087	5,797
Net loans	678,246	641,008
Property, furniture and equipment - net	34,613	36,103
Bank owned life insurance	25,403	25,413
Other real estate owned	1,824	1,934
Intangible assets	2,284	2,569
Goodwill	14,562	14,589
Other assets	9,573	9,036
Total assets	1,092,149	1,050,731
Deposits:
Non-interest bearing demand	239,744	226,546
Interest bearing	693,624	661,777
Total deposits	933,368	888,323
Securities sold under agreements to repurchase	28,203	19,270
Federal Home Loan Bank advances	241	14,250
Junior subordinated debt	14,964	14,964
Other liabilities	8,376	8,261
Total liabilities	985,152	945,068
SHAREHOLDERS' EQUITY
Preferred stock, par value $1.00 per share, 10,000,000 shares authorized; none issued and outstanding
Common stock, par value $1.00 per share; 10,000,000 shares authorized; issued and outstanding 7,605,053 at June 30, 2018 7,587,938 at December 31, 2017	7,605	7,588
Common stock warrants issued	46	46
Nonvested restricted stock	(262)	(109)
Additional paid in capital	94,867	94,516
Retained earnings (deficit)	8,263	4,066
Accumulated other comprehensive income (loss)	(3,522)	(444)
Total shareholders' equity	106,997	105,663
Total liabilities and shareholders' equity	$ 1,092,149	$ 1,050,731

Consolidated Balance Sheets (U3

Consolidated Balance Sheets (Unaudited) (Parenthetical) - $ / shares	Jun. 30, 2018	Dec. 31, 2017
Consolidated Balance Sheets Unaudited
Preferred stock, par value (in dollars per share)	$ 1	$ 1
Preferred stock, shares authorized	10,000,000	10,000,000
Preferred stock, shares issued	0	0
Preferred stock, shares outstanding	0	0
Common stock, par value (in dollars per share)	$ 1	$ 1
Common stock, shares authorized	10,000,000	10,000,000
Common stock, shares issued	7,605,053	7,587,918
Common stock, shares outstanding	7,605,053	7,587,918

Consolidated Statements of Inco

Consolidated Statements of Income (Unaudited) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2018	Jun. 30, 2017
Interest income:
Loans, including fees	$ 8,080	$ 6,241	$ 15,697	$ 12,567
Investment securities - taxable	1,188	990	2,373	1,935
Investment securities - non taxable	441	469	899	942
Federal funds sold and securities purchased under resale agreements	104	17	170	36
Other	6	7	11	17
Total interest income	9,819	7,724	19,150	15,497
Interest expense:
Deposits	638	440	1,185	882
Federal funds sold and securities sold under agreement to repurchase	60	12	101	21
Other borrowed money	182	223	391	484
Total interest expense	880	675	1,677	1,387
Net interest income	8,939	7,049	17,473	14,110
Provision for loan losses	29	78	231	194
Net interest income after provision for loan losses	8,910	6,971	17,242	13,916
Non-interest income:
Deposit service charges	423	348	886	668
Mortgage banking income	1,016	1,248	1,967	1,918
Investment advisory fees and non-deposit commissions	401	314	784	572
Gain (loss) on sale of securities	94	172	(10)	226
Gain on sale of other assets	22	68	37	88
Loss on early extinguishment of debt		(223)		(281)
Other	955	717	1,878	1,431
Total non-interest income	2,911	2,644	5,542	4,622
Non-interest expense:
Salaries and employee benefits	4,881	4,261	9,458	8,347
Occupancy	583	539	1,197	1,066
Equipment	398	506	779	952
Marketing and public relations	194	298	283	519
FDIC insurance assessments	83	78	164	156
Other real estate expense	31	29	49	56
Amortization of intangibles	143	74	285	149
Merger expenses		98		98
Other	1,912	1,487	3,604	2,747
Total non-interest expense	8,225	7,370	15,819	14,090
Net income before tax	3,596	2,245	6,965	4,448
Income tax expense	595	581	1,255	1,028
Net income	$ 3,001	$ 1,664	$ 5,710	$ 3,420
Basic earnings per common share (in dollars per share)	$ 0.4	$ 0.25	$ 0.75	$ 0.51
Diluted earnings per common share (in dollars per share)	$ 0.39	$ 0.24	$ 0.74	$ 0.5

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Income (Unaudited) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2018	Jun. 30, 2017
Consolidated Statements Of Comprehensive Income
Net income	$ 3,001	$ 1,664	$ 5,710	$ 3,420
Other comprehensive income (loss):
Unrealized gain (loss) during the period on available-for-sale securities, net of tax benefit of $820 and tax expense of $639 and net of tax benefit of $216 and tax expense of $433, respectively	(811)	841	(3,086)	1,240
Less: Reclassification adjustment for loss (gain) included in net income, net of tax expense of $2 and benefit of $77 and net of tax of $19 and $59, respectively	(75)	(113)	8	(149)
Other comprehensive income (loss)	(886)	728	(3,078)	1,091
Comprehensive income	$ 2,115	$ 2,392	$ 2,632	$ 4,511

Consolidated Statements of Com6

Consolidated Statements of Comprehensive Income (Unaudited) (Parenthetical) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2018	Jun. 30, 2017
Consolidated Statements Of Comprehensive Income Unaudited
Unrealized gain (loss) during the period on available-for-sale securities, taxes	$ 216	$ 433	$ 820	$ 639
Reclassification adjustment for (gain) loss included in net income, taxes	$ 19	$ 59	$ 2	$ 77

Consolidated Statements of Chan

Consolidated Statements of Changes in Shareholders' Equity (Unaudited) - USD ($) $ in Thousands	Common Stock [Member]	Warrant [Member]	Additional Paid-In Capital [Member]	Restricted Stocks [Member]	Accumulated Deficit [Member]	Accumulated Other Comprehensive Income (Loss) [Member]	Total
Beginning Balance at Dec. 31, 2016	$ 6,708	$ 46	$ 75,991	$ (220)	$ 573	$ (1,237)	$ 81,861
Beginning Balance, in shares at Dec. 31, 2016	6,708,000
Net income					3,420		3,420
Other comprehensive income net of tax						1,091	1,091
Issuance of restricted stock	$ 5		100	(105)
Issuance of restricted stock, in shares	5,000
Amortization of compensation on restricted stock				109			109
Shares forfeited	$ (2)		(27)	9			(20)
Shares forfeited, Shares	(2,000)
Shares retired	$ (19)		(369)				(388)
Shares retired, Shares	(19,000)
Dividends: Common					(1,197)		(1,197)
Dividend reinvestment plan	$ 10		173				183
Dividend reinvestment plan, in shares	10,000
Ending Balance at Jun. 30, 2017	$ 6,702	46	75,868	(207)	2,796	(146)	85,059
Ending Balance, in shares at Jun. 30, 2017	6,702,000
Beginning Balance at Dec. 31, 2017	$ 7,588	46	94,516	(109)	4,066	(444)	105,663
Beginning Balance, in shares at Dec. 31, 2017	7,588,000
Net income					5,710		5,710
Other comprehensive income net of tax						(3,078)	(3,078)
Issuance of restricted stock	$ 11		233	(244)
Issuance of restricted stock, in shares	11,000
Amortization of compensation on restricted stock				91			91
Shares retired	$ (2)		(55)				(57)
Shares retired, Shares	(2,000)
Dividends: Common					(1,513)		(1,513)
Dividend reinvestment plan	$ 8		173				181
Dividend reinvestment plan, in shares	8,000
Ending Balance at Jun. 30, 2018	$ 7,605	$ 46	$ 94,867	$ (262)	$ 8,263	$ (3,522)	$ 106,997
Ending Balance, in shares at Jun. 30, 2018	7,605,000

Consolidated Statements of Cash

Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended		12 Months Ended
	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2018	Jun. 30, 2017	Dec. 31, 2017
Cash flows from operating activities:
Net income	$ 3,001	$ 1,664	$ 5,710	$ 3,420
Adjustments to reconcile net income to net cash provided in operating activities:
Depreciation			750	727
Premium amortization			1,293	1,679
Provision for loan losses	29	78	231	194	$ 530
Write-down of other real estate owned				17
Gain on sale of other real estate owned			(37)	(88)
Origination of loans held-for-sale			(56,741)	(52,525)
Sale of loans held-for-sale			54,866	51,641
Amortization of intangibles	143	74	285	149
Accretion on acquired loans			(271)	(88)
Writedown of land held for sale			42	90
Loss (gain) on sale of securities	94	172	(10)	226
Loss on extinguishment of debt		223		281
Gain on sale of fixed assets			(123)
(Increase) decrease in other assets			435	5,686
Increase (decrease) in other liabilities			116	(787)
Net cash provided in operating activities			6,566	10,170
Cash flows from investing activities:
Purchase of investment securities available-for-sale			(37,866)	(13,877)
Maturity/call of investment securities available-for-sale			22,075	16,628
Proceeds from sale of securities available-for-sale	14,300	8,200	19,884	10,570
Proceeds from sale of securities held-to-maturity			655
Proceeds from sale of other investments			603	314
Increase in loans			(37,197)	(6,718)
Proceeds from sale of other real estate owned			180	386
Proceeds from sale of fixed assets			1,143
Purchase of property and equipment			(321)	(1,519)
Net cash used in investing activities			(30,844)	5,784
Cash flows from financing activities:
Increase in deposit accounts			45,098	6,517
Increase (decrease) in securities sold under agreements to repurchase			8,933	(2,208)
Advances from the Federal Home Loan Bank				22,000
Repayment of advances from Federal Home Loan Bank			(14,010)	(28,353)
Shares forfeited				(20)
Shares retired			(57)	(388)
Dividends paid: Common Stock			(1,513)	(1,197)
Dividend reinvestment plan			181	183
Net cash provided from (used in) financing activities			38,632	(3,466)
Net increase in cash and cash equivalents			14,354	12,488
Cash and cash equivalents at beginning of period			30,591	21,999	21,999
Cash and cash equivalents at end of period	$ 44,945	$ 34,487	44,945	34,487	$ 30,591
Cash paid during the period for:
Interest			1,677	1,450
Income taxes			750	1,095
Non-cash investing and financing activities:
Unrealized gain (loss) on securities			(3,078)	1,091
Transfer of loans to foreclosed property			$ 33	$ 26

BASIS OF PRESENTATION

BASIS OF PRESENTATION	6 Months Ended
	Jun. 30, 2018
Organization, Consolidation and Presentation of Financial Statements [Abstract]
BASIS OF PRESENTATION	Note 1 - Basis of Presentation In the opinion of management, the accompanying unaudited consolidated balance sheets, and the consolidated statements of income, comprehensive income, changes in shareholders’ equity, and the cash flows of First Community Corporation (the “Company”), present fairly in all material respects the Company’s financial position at June 30, 2018 and December 31, 2017, and the Company’s results of operations and cash flows for the three and six months ended June 30, 2018 and 2017. The results of operations for the three and six months ended June 30, 2018 are not necessarily indicative of the results that may be expected for the year ending December 31, 2018. In the opinion of management, all adjustments necessary to fairly present the consolidated financial position and consolidated results of operations have been made. All such adjustments are of a normal, recurring nature. All significant intercompany accounts and transactions have been eliminated in consolidation. The consolidated financial statements and notes thereto are presented in accordance with the instructions for Form 10-Q. The information included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2017 should be referred to in connection with these unaudited interim financial statements.

EARNINGS PER SHARE

EARNINGS PER SHARE	6 Months Ended
	Jun. 30, 2018
Earnings Per Share [Abstract]
EARNINGS PER SHARE	Note 2 – Earnings Per Common Share The following reconciles the numerator and denominator of the basic and diluted earnings per common share computation: (In thousands except average market price) Six months Three months Ended June 30, Ended June 30, 2018 2017 2018 2017 Numerator (Net income) $ 5,710 $ 3,420 $ 3,001 $ 1,664 Denominator Weighted average common shares outstanding for: Basic earnings per share 7,575 6,641 7,573 6,634 Dilutive securities: Deferred compensation 60 54 62 54 Warrants/Restricted stock – Treasury stock method 90 118 91 115 Diluted shares 7,725 6,813 7,726 6,803 The average market price used in calculating assumed number of shares $ 22.76 $ 20.56 $ 23.56 $ 20.75 There were no options outstanding as of June 30, 2018 and 2017. In the fourth quarter of 2011, we issued $2.5 million in 8.75% subordinated notes maturing December 16, 2019. On November 15, 2012, the subordinated notes were redeemed in full at par. Warrants for 107,500 shares of common stock at $5.90 per share were issued in connection with the issuance of the subordinated debt. There were 97,180 warrants outstanding at June 30, 2018. These warrants expire December 16, 2019 and are included in dilutive securities in the table above. The Company has issued a total of 26,626 unvested restricted shares under the terms of its compensation plans and employment agreements. The employee shares cliff vest over a three year period; the non-employee director shares vest one year after issuance. The unrecognized compensation cost at June 30, 2018 for non-vested shares amounts to $261.5 thousand. In February 2017 and 2018, the Company issued 353 and 3,201 stock units, respectively, to employees that cliff vest over three years. Each unit is convertible into one share of common stock at the time the unit vests. The related compensation cost is accrued over the vesting period. In 2006, the Company established a Non-Employee Director Deferred Compensation Plan, whereby a director may elect to defer all or any part of annual retainer and monthly meeting fees payable with respect to service on the board of directors or a committee of the board. Units of common stock are credited to the director’s account at the time compensation is earned and are included in dilutive securities in the table above. At June 30, 2018 and December 31, 2017, there were 114,353 and 110,320 units in the plan, respectively. The accrued liability at June 30, 2018 and December 31, 2017 amounted to $1.2 million and $1.1 million, respectively, and is included in “Other liabilities” on the balance sheet.

INVESTMENT SECURITIES

INVESTMENT SECURITIES	6 Months Ended
	Jun. 30, 2018
Investments, Debt and Equity Securities [Abstract]
INVESTMENT SECURITIES	Note 3—Investment Securities The amortized cost and estimated fair values of investment securities are summarized below: AVAILABLE-FOR-SALE: Gross Gross Amortized Unrealized Unrealized (Dollars in thousands) Cost Gains Losses Fair Value June 30, 2018 US Treasury securities $ 7,870 $ — $ 46 $ 7,824 Government Sponsored Enterprises 1,091 5 3 1,093 Mortgage-backed securities 143,306 86 3,475 139,917 Small Business Administration pools 55,314 226 810 54,730 State and local government 52,322 458 900 51,880 Other securities 68 1 — 69 $ 259,971 $ 776 $ 5,234 $ 255,513 Gross Gross Amortized Unrealized Unrealized (Dollars in thousands) Cost Gains Losses Fair Value December 31, 2017 US Treasury securities $ 1,529 $ — $ 24 $ 1,505 Government Sponsored Enterprises 1,085 24 — 1,109 Mortgage-backed securities 145,185 285 1,702 143,768 Small Business Administration pools 61,544 374 330 61,588 State and local government 55,111 1,309 416 56,004 Other securities 932 — 82 850 $ 265,386 $ 1,992 $ 2,554 $ 264,824 HELD-TO-MATURITY: Gross Gross Amortized Unrealized Unrealized (Dollars in thousands) Cost Gains Losses Fair Value June 30, 2018 State and local government $ 16,261 $ 52 $ 101 $ 16,212 $ 16,261 $ 52 $ 101 $ 16,212 Gross Gross Amortized Unrealized Unrealized (Dollars in thousands) Cost Gains Losses Fair Value December 31, 2017 State and local government $ 17,012 $ 223 $ 15 $ 17,220 $ 17,012 $ 223 $ 15 $ 17,220 During the six months ended June 30, 2018 and 2017, the Company received proceeds of $19.9million and $10.6 million, respectively, from the sale of investment securities available-for-sale. For the six months ended June 30, 2018, gross realized gains from the sale of investment securities available-for-sale amounted to $240.7 thousand and gross realized losses amounted to $250.5 thousand. For the six months ended June 30, 2017, gross realized gains from the sale of investment securities available-for-sale amounted to $246.8 thousand and gross realized losses amounted to $21.1 thousand. During the three months ended June 30, 2018 and 2017, the Company received proceeds of $14.3 million and $8.2 million, respectively, from the sale of investment securities available-for-sale. For the three months ended June 30, 2018, gross realized gains totaled $206.9 thousand and gross realized losses totaled $112.5 thousand. For the three months ended June 30, 2017, gross realized gains totaled $173.3 thousand and gross realized losses totaled $1.9 thousand. At June 30, 2018, other securities available-for-sale included the following at fair value: a mutual fund at $8.5 thousand and foreign debt of $60.0 thousand. As required by Accounting Standards Update (ASU) 2016-01-Financial Instruments-Overall (Subtopic 825-10), the Company has measured its equity investments at fair value with changes in the fair value recognized through net income. For the three months and six months ended June 30, 2018, a $10.0 thousand gain and a $10.0 thousand gain was recognized on a mutual fund, respectively. At December 31, 2017, corporate and other securities available-for-sale included the following at fair value: mutual funds at $790.0 thousand and foreign debt of $60.0 thousand. Other investments, at cost include Federal Home Loan Bank (“FHLB”) stock in the amount of $955.6 thousand and $1.6 million and corporate stock in the amount of $1.0 and $1.0 million at June 30, 2018 and December 31, 2017, respectively. The following tables show gross unrealized losses and fair values, aggregated by investment category and length of time that individual securities have been in a continuous loss position, at June 30, 2018 and December 31, 2017. (Dollars in thousands) Less than 12 months 12 months or more Total June 30, 2018 Unrealized Unrealized Unrealized Available-for-sale securities: Fair Value Loss Fair Value Loss Fair Value Loss US Treasury securities $ 6,342 $ 4 $ 1,482 $ 42 $ 7,824 $ 46 Government Sponsored Enterprise 122 3 — — 122 3 Government Sponsored Enterprise mortgage-backed securities 81,744 1,607 42,131 1,868 123,875 3,475 Small Business Administration pools 22,305 376 14,767 434 37,072 810 State and local government 12,418 160 12,552 740 24,970 900 $ 122,931 $ 2,150 $ 70,932 $ 3,084 $ 193,863 $ 5,234 (Dollars in thousands) Less than 12 months 12 months or more Total June 30, 2018 Unrealized Unrealized Unrealized Held-to-maturity securities: Fair Value Loss Fair Value Loss Fair Value Loss State and local government $ 10,605 $ 101 $ 0 $ 0 $ 10,605 $ 101 (Dollars in thousands) Less than 12 months 12 months or more Total December 31, 2017 Unrealized Unrealized Unrealized Available-for-sale securities: Fair Value Loss Fair Value Loss Fair Value Loss US Treasury securities $ — $ — $ 1,505 $ 24 $ 1,505 $ 24 Government Sponsored Enterprise mortgage-backed securities 50,377 420 46,071 1,282 96,448 1,702 Small Business Administration pools 17,607 164 16,311 166 33,918 330 State and local government 3,639 15 12,990 401 16,629 416 Corporate and other securities — — 790 82 790 82 $ 71,623 $ 599 $ 77,667 $ 1,955 $ 149,290 $ 2,554 (Dollars in thousands) Less than 12 months 12 months or more Total December 31, 2017 Unrealized Unrealized Unrealized Held-to-maturity securities: Fair Value Loss Fair Value Loss Fair Value Loss State and local government $ 2,899 $ 15 $ — $ — $ 2,899 $ 15 Government Sponsored Enterprise, Mortgage-Backed Securities: Non-agency Mortgage Backed Securities: t State and Local Governments and Other: The following sets forth the amortized cost and fair value of investment securities at June 30, 2018 by contractual maturity. Expected maturities differ from contractual maturities because borrowers may have the right to call or prepay the obligations with or without prepayment penalties. MBSs are based on average life at estimated prepayment speeds. June 30, 2018 Available-for-sale Held-to-maturity Amortized Fair Amortized Fair (Dollars in thousands) Cost Value Cost Value Due in one year or less $ 13,014 $ 13,014 $ — $ — Due after one year through five years 149,787 147,491 8,247 8,231 Due after five years through ten years 84,661 82,532 8,014 7,981 Due after ten years 12,509 12,476 — — $ 259,971 $ 255,513 $ 16,261 $ 16,212

LOANS

LOANS	6 Months Ended
	Jun. 30, 2018
Receivables [Abstract]
LOANS	Note 4—Loans Loans summarized by category as of June 30, 2018, December 31, 2017 and June 30, 2017 are as follows: June 30, December 31, June 30, (Dollars in thousands) 2018 2017 2017 Commercial, financial and agricultural $ 47,853 $ 51,040 $ 41,893 Real estate: Construction 55,479 45,401 34,526 Mortgage-residential 50,190 46,901 45,012 Mortgage-commercial 486,107 460,276 394,454 Consumer: Home equity 32,319 32,451 30,091 Other 12,385 10,736 7,444 Total $ 684,333 $ 646,805 $ 553,420 Note 4—Loans-continued The detailed activity in the allowance for loan losses and the recorded investment in loans receivable as of and for the six months ended June 30, 2018 and June 30, 2017 and for the year ended December 31, 2017 is as follows: (Dollars in thousands) Real estate Real estate Real estate Mortgage Mortgage Consumer Consumer June 30, 2018 Commercial Construction Residential Commercial Home equity Other Unallocated Total Allowance for loan losses: Beginning balance December 31, 2017 $ 221 $ 101 $ 461 $ 3,077 $ 308 $ 35 $ 1,594 $ 5,797 Charge-offs — — (1 ) — — (85 ) — (86 ) Recoveries 3 — 2 114 5 21 — 145 Provisions 48 11 210 (573 ) 716 142 (323 ) 231 Ending balance June 30, 2018 $ 272 $ 112 $ 672 $ 2,618 $ 1,029 $ 113 $ 1,271 $ 6,087 Ending balances: Individually evaluated for impairment $ — $ — $ 1 $ 14 $ — $ — $ — $ 15 Collectively evaluated for impairment 272 112 671 2,604 1,029 113 1,271 6,072 June 30, 2018 Loans receivable: Ending balance-total $ 47,853 $ 55,479 $ 50,190 $ 486,107 $ 32,319 $ 12,385 $ — $ 684,333 Ending balances: Individually evaluated for impairment — — 424 4,464 61 — — 4,949 Collectively evaluated for impairment $ 47,853 $ 55,479 $ 49,766 $ 481,643 $ 32,258 $ 12,385 $ — $ 679,384 Note 4—Loans-continued (Dollars in thousands) Real estate Real estate Consumer June 30, 2017 Real estate Mortgage Mortgage Home Consumer Commercial construction Residential Commercial Equity Other Unallocated Total Allowance for loan losses: Beginning balance December 31, 2016 $ 145 $ 104 $ 438 $ 2,793 $ 153 $ 127 $ 1,454 $ 5,214 Charge-offs — — — (24 ) — (44 ) — (68 ) Recoveries 3 — 2 113 24 8 — 150 Provisions 21 (28 ) (87 ) (37 ) 19 (67 ) 373 194 Ending balance June 30, 2017 $ 169 $ 76 $ 353 $ 2,845 $ 196 $ 24 $ 1,827 $ 5,490 Ending balances: Individually evaluated for impairment $ — $ — $ 2 $ 23 $ — $ — $ — $ 25 Collectively evaluated for impairment 169 76 351 2,822 196 24 1,827 5,465 June 30, 2017 Loans receivable: Ending balance-total $ 41,893 $ 34,526 $ 45,012 $ 394,454 $ 30,091 $ 7,444 $ — $ 553,420 Ending balances: Individually evaluated for impairment — — 434 4,275 56 — — 4,763 Collectively evaluated for impairment $ 41,893 $ 34,526 $ 44,578 $ 390,179 $ 30,035 $ 7,444 $ — $ 548,655 Note 4—Loans-continued (Dollars in thousands) Real estate Real estate Real estate Mortgage Mortgage Consumer Consumer December 31, 2017 Commercial Construction Residential Commercial Home equity Other Unallocated Total Allowance for loan losses: Beginning balance December 31, 2016 $ 145 $ 104 $ 438 $ 2,793 $ 153 $ 127 $ 1,454 $ 5,214 Charge-offs (5 ) — — (30 ) (7 ) (131 ) — (173 ) Recoveries 5 — 5 172 24 20 — 226 Provisions 76 (3 ) 18 142 138 19 140 530 Ending balance December 31, 2017 $ 221 $ 101 $ 461 $ 3,077 $ 308 $ 35 $ 1,594 $ 5,797 Ending balances: Individually evaluated for impairment $ — $ — $ 2 $ 25 $ — $ — $ — $ 27 Collectively evaluated for impairment 221 101 459 3,052 308 35 1,594 5,770 December 31, 2017 Loans receivable: Ending balance-total $ 51,040 $ 45,401 $ 46,901 $ 460,276 $ 32,451 $ 10,736 $ — $ 646,805 Ending balances: Individually evaluated for impairment — — 413 4,742 — — — 5,155 Collectively evaluated for impairment $ 51,040 $ 45,401 $ 46,488 $ 455,534 $ 32,451 $ 10,736 $ — $ 641,650 Note 4—Loans-continued The detailed activity in the allowance for loan losses as of and for the three months ended June 30, 2018 and the three months ended June 30, 2017 is as follows: (Dollars in thousands) Real estate Real estate Consumer Real estate Mortgage Mortgage Home Consumer Commercial construction Residential Commercial Equity Other Unallocated Total Allowance for loan losses: Beginning balance March 31, 2018 $ 210 $ 98 $ 716 $ 3,117 $ 479 $ 63 $ 1,303 $ 5,986 Charge-offs — — — — — (38 ) — (38 ) Recoveries 3 — 2 87 5 13 — 110 Provisions 59 14 (46 ) (586 ) 545 75 (32 ) 29 Ending balance June 30, 2018 $ 272 $ 112 $ 672 $ 2,618 $ 1,029 $ 113 $ 1,271 $ 6,087 (Dollars in thousands) Real estate Real estate Consumer Real estate Mortgage Mortgage Home Consumer Commercial construction Residential Commercial Equity Other Unallocated Total Allowance for loan losses: Beginning balance March 31, 2017 $ 140 $ 71 $ 398 $ 2,858 $ 163 $ 159 $ 1,579 $ 5,368 Charge-offs — — — — — (17 ) — (17 ) Recoveries 1 — 1 32 23 4 — 61 Provisions 28 5 (46 ) (45 ) 10 (122 ) 248 78 Ending balance June 30, 2017 $ 169 $ 76 $ 353 $ 2,845 $ 196 $ 24 $ 1,827 $ 5,490 Related party loans and lines of credit are made on substantially the same terms, including interest rates and collateral, as those prevailing at the time for comparable transactions with unrelated persons and generally do not involve more than the normal risk of collectability. The following table presents related party loan transactions for the six months ended June 30, 2018 and 2017: (Dollars in thousands) 2018 2017 Beginning Balance December 31, $ 5,549 $ 6,103 New Loans 1,778 87 Less loan repayments 936 754 Ending Balance June 30, $ 6,391 $ 5,436 Note 4—Loans-continued The following table presents at June 30, 2018 and December 31, 2017 loans individually evaluated and considered impaired under Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (“ASC”) 310 “Accounting by Creditors for Impairment of a Loan.” Impairment includes performing troubled debt restructurings (“TDRs”). (Dollars in thousands) June 30, December 31, 2018 2017 Total loans considered impaired $ 4,949 $ 5,155 Loans considered impaired for which there is a related allowance for loan loss: Outstanding loan balance $ 1,819 $ 1,669 Related allowance $ 15 $ 27 Loans considered impaired and previously written down to fair value $ 3,130 $ 3,485 Average impaired loans $ 5,029 $ 5,513 Amount of interest earned during period of impairment $ 200 $ 132 The following tables are by loan category and present at June 30, 2018, June 30, 2017 and December 31, 2017 loans individually evaluated and considered impaired under FASB ASC 310 “Accounting by Creditors for Impairment of a Loan.” Impairment includes performing TDRs. (Dollars in thousands) Six months ended Three months ended Unpaid Average Interest Average Interest June 30, 2018 Recorded Principal Related Recorded income Recorded Income Investment Balance Allowance Investment Recognized Investment Recognized With no allowance recorded: Commercial, financial, agricultural $ — $ — $ — $ — $ — $ — $ — Real estate: Construction — — — — — — — Mortgage-residential 384 463 — 385 14 383 9 Mortgage-commercial 2,514 5,292 — 2,555 118 2,716 71 Consumer: Home equity 61 61 — 62 1 59 1 Other — — — — — — — With an allowance recorded: Commercial, financial, agricultural — — — — — — — Real estate: Construction — — — — — — — Mortgage-residential 40 40 1 41 1 40 1 Mortgage-commercial 1,950 1,950 14 1,987 66 1,950 33 Consumer: Home equity — — — — — — — Other — — — — — — — Total: Commercial, financial, agricultural $ — $ — $ — $ — $ — $ — $ — Real estate: Construction — — — — — — — Mortgage-residential 424 503 1 426 15 423 10 Mortgage-commercial 4,464 7,242 14 4,541 184 4,666 104 Consumer: Home equity 61 61 — 62 1 59 1 Other — — — — — — — $ 4,949 $ 7,806 $ 15 $ 5,029 $ 200 $ 5,148 $ 115 Note 4—Loans-continued (Dollars in thousands) Six months ended Three months ended Unpaid Average Interest Average Interest June 30, 2017 Recorded Principal Related Recorded income Recorded Income Investment Balance Allowance Investment Recognized Investment Recognized With no allowance recorded: Commercial, financial, agricultural $ — $ — $ — $ — $ — $ — $ — Real estate: Construction — — — — — — — Mortgage-residential 390 449 — 390 7 389 6 Mortgage-commercial 2,584 5,123 — 2,583 105 2,575 20 Consumer: Home equity 56 57 — 56 — 56 — Other — — — — — — — With an allowance recorded: Commercial, financial, agricultural — — — — — — — Real estate: Construction — — — — — — — Mortgage-residential 44 44 2 44 1 44 1 Mortgage-commercial 1,691 2,124 23 1,673 88 1,683 22 Consumer: Home equity — — — — — — — Other — — — — — — — Total: Commercial, financial, agricultural $ — $ — $ — $ — $ — $ — $ — Real estate: Construction — — — — — — — Mortgage-residential 434 493 2 434 8 433 7 Mortgage-commercial 4,275 7,247 23 4,256 193 4,258 42 Consumer: Home equity 56 57 — 56 — 56 — Other — — — — — — — $ 4,765 $ 7,797 $ 25 $ 4,746 $ 201 $ 4,747 $ 49 Note 4—Loans-continued (Dollars in thousands) December 31, 2017 Unpaid Average Interest Recorded Principal Related Recorded Income Investment Balance Allowance Investment Recognized With no allowance recorded: Commercial $ — $ — $ — $ — $ — Real estate: Construction — — — — — Mortgage-residential 371 437 — 399 — Mortgage-commercial 3,087 5,966 — 3,420 13 Consumer: Home Equity — — — — — Other — — — — — With an allowance recorded: Commercial — — — — — Real estate: Construction — — — — — Mortgage-residential 42 42 2 43 2 Mortgage-commercial 1,655 2,261 25 1,652 117 Consumer: Home Equity — — — — — Other — — — — — Total: Commercial — — — — — Real estate: Construction — — — — — Mortgage-residential 413 479 2 442 2 Mortgage-commercial 4,742 8,227 25 5,072 130 Consumer: Home Equity — — — — — Other — — — — — $ 5,155 $ 8,706 $ 27 $ 5,513 $ 132 Note 4—Loans-continued The Company categorizes loans into risk categories based on relevant information about the ability of borrowers to service their debt, including: current financial information, historical payment experience, credit documentation, public information, and current economic trends, among other factors. The Company analyzes loans individually by classifying the loans as to credit risk. This analysis is performed on a monthly basis. The Company uses the following definitions for risk ratings: Special Mention Substandard Doubtful Loans not meeting the criteria above that are analyzed individually as part of the above described process are considered as pass rated loans. As of June 30, 2018 and December 31, 2017, and based on the most recent analysis performed, the risk category of loans by class of loans is shown in the table below. As of June 30, 2018 and December 31, 2017, no loans were classified as doubtful. (Dollars in thousands) June 30, 2018 Special Pass Mention Substandard Doubtful Total Commercial, financial & agricultural $ 47,473 $ 188 $ 192 $ — $ 47,853 Real estate: Construction 55,479 — — — 55,479 Mortgage – residential 48,437 882 871 — 50,190 Mortgage – commercial 477,022 4,608 4,477 — 486,107 Consumer: Home Equity 30,403 1,534 382 — 32,319 Other 12,385 — — — 12,385 Total $ 671,199 $ 7,212 $ 5,922 $ — $ 684,333 (Dollars in thousands) December 31, 2017 Special Pass Mention Substandard Doubtful Total Commercial, financial & agricultural $ 50,680 $ 179 $ 181 $ — $ 51,040 Real estate: Construction 45,401 — — — 45,401 Mortgage – residential 45,343 720 838 — 46,901 Mortgage – commercial 446,531 7,698 6,047 — 460,276 Consumer: Home Equity 30,618 1,524 309 — 32,451 Other 10,731 — 5 — 10,736 Total $ 629,304 $ 10,121 $ 7,380 $ — $ 646,805 Note 4—Loans-continued At June 30, 2018 and December 31, 2017, non-accrual loans totaled $3.0 million and $3.3 million, respectively. TDRs that are still accruing and included in impaired loans at June 30, 2018 and at December 31, 2017 amounted to $1.8 million and $1.8 million, respectively. TDRs in non-accrual status at June 30, 2018 and December 31, 2017 amounted to $1.1 million and $1.2 million, respectively. Loans greater than 90 days delinquent and still accruing interest were $959.2 thousand at June 30, 2018 due primarily to two construction loans that were past their initial construction maturity and in the process of being extended. Loans greater than 90 days delinquent and still accruing interest were $32.0 thousand at December 31, 2017. Acquired credit-impaired loans are accounted for under the accounting guidance for loans and debt securities acquired with deteriorated credit quality, found in FASB ASC Topic 310-30, ( Receivables—Loans and Debt Securities Acquired with Deteriorated Credit Quality), A summary of changes in the accretable yield for PCI loans for the three and six months ended June 30, 2018 and June 30, 2017 follows: Three Months Six Months Accretable yield, beginning of period $ 12 $ 22 Accretion (14 ) (24 ) Reclassification of nonaccretable difference due to improvement in — — Accretable yield, end of period $ (2 ) $ (2 ) Three Months Six Months Accretable yield, beginning of period $ 56 $ 34 Accretion (6 ) (28 ) Reclassification of nonaccretable difference due to improvement in — 44 Accretable yield, end of period $ 50 $ 50 Note 4—Loans-continued At June, 2018 and December 31, 2017 the recorded investment in purchased impaired loans was $604 thousand and $733 thousand, respectively. The unpaid principal balance was $877 thousand and $1.0 million at June 30, 2018 and December 31, 2017, respectively. At June 30, 2018 and December 31, 2017, these loans were all secured by commercial real estate. The following tables are by loan category and present loans past due and on non-accrual status as of June 30, 2018 and December 31, 2017: (Dollars in thousands) Greater than 30-59 Days 60-89 Days 90 Days and Total June 30, 2018 Past Due Past Due Accruing Nonaccrual Past Due Current Total Loans Commercial $ 76 $ — $ — $ $ 76 $ 47,777 $ 47,853 Real estate: Construction 24 — 959 983 54,496 55,479 Mortgage-residential 166 — — 383 549 49,641 50,190 Mortgage-commercial 540 — 2,514 3,054 483,053 486,107 Consumer: Home equity 351 — — 61 412 31,907 32,319 Other 116 3 — 119 12,266 12,385 $ 1,273 $ 3 $ 959 $ 2,958 $ 5,193 $ 679,140 $ 684,333 (Dollars in thousands) Greater than 30-59 Days 60-89 Days 90 Days and Total December 31, 2017 Past Due Past Due Accruing Nonaccrual Past Due Current Total Loans Commercial $ 26 $ — $ 32 $ — $ 58 $ 50,982 $ 51,040 Real estate: — Construction — — — — — 45,401 45,401 Mortgage-residential 109 38 — 371 518 46,383 46,901 Mortgage-commercial 290 828 — 2,971 4,089 456,187 460,276 Consumer: — Home equity 805 36 — — 841 31,610 32,451 Other 1 5 — — 6 10,730 10,736 $ 1,231 $ 907 $ 32 $ 3,342 $ 5,512 $ 641,293 $ 646,805 The Company identifies TDRs as impaired under the guidance in ASC 310-10-35. There were no loans determined to be TDRs that were restructured during the three month and six month periods ended June 30, 2018 and June 30, 2017. During the three and six month periods ended June 30, 2018 and June 30, 2017, there were no loans determined to be TDRs in the previous twelve months that had payment defaults. Defaulted loans are those loans that are greater than 89 days past due. In the determination of the allowance for loan losses, all TDRs are reviewed to ensure that one of the three proper valuation methods (fair market value of the collateral, present value of cash flows, or observable market price) is adhered to. All non-accrual loans are written down to their corresponding collateral value. All troubled TDR accruing loans that have a loan balance that exceeds the present value of cash flows will have a specific allocation. All nonaccrual loans are considered impaired. Under ASC 310-10, a loan is impaired when it is probable that the Company will be unable to collect all amounts due including both principal and interest according to the contractual terms of the loan agreement.

RECENTLY ISSUED ACCOUNTING PRON

RECENTLY ISSUED ACCOUNTING PRONOUNCEMENTS	6 Months Ended
	Jun. 30, 2018
Accounting Changes and Error Corrections [Abstract]
Recently Issued Accounting Pronouncements	Note 5 - Recently Issued Accounting Pronouncements The following is a summary of recent authoritative pronouncements: In May 2014, the FASB issued guidance (ASU 2014-09) to change the recognition of revenue from contracts with customers. The core principle of the new guidance is that an entity recognize revenue to reflect the transfer of goods and services to customers in an amount equal to the consideration the entity receives or expects to receive. The guidance is effective for the Company as of January 1, 2018. The Company evaluated the overall impact on affected revenue streams and any related contracts, including asset management fees, gains and losses on the sale of real estate, deposit related fees and interchange fees. Based on this evaluation, the Company determined that ASU 2014-09 did not materially change the method in which revenue from impacted revenue streams was previously being recognized. The Company applied the guidance using a modified retrospective approach. This approach requires the application of the new guidance to uncompleted contracts at the date of adoption. Periods prior to the date of adoption were not retrospectively revised as the impact on uncompleted contracts at the date of adoption was not material. In January 2016, the FASB amended the Financial Instruments topic of the Accounting Standards Codification (ASU 2016-01) to address certain aspects of recognition, measurement, presentation, and disclosure of financial instruments. The amendments were effective for the Company on January 1, 2018. The guidance affects the accounting for equity investments, financial liabilities under the fair value option, and the presentation and disclosure of financial instruments. The amendments related to equity securities without readily determinable fair values were applied prospectively to equity investments that exist as of the date of adoption of the amendments. ASU 2016-01 requires the use of exit price rather than entrance price in determining the fair value of loans not measured at fair value on a non-recurring basis in the consolidated balance sheets. See Note 6 - Fair Value of Financial Instruments for information regarding the change in the valuation of these loans. The adoption of ASU 2016-01 did not have a material impact on the Company’s Consolidated Financial Statements. In February 2016, the FASB amended the Leases topic of the Accounting Standards Codification to revise certain aspects of recognition, measurement, presentation, and disclosure of leasing transactions. The amendments will be effective for fiscal years beginning after December 15, 2018, including interim periods within those fiscal years. The Company is currently evaluating the effect that implementation of the new standard will have on its financial position, results of operations, and cash flows. In June 2016, the FASB issued guidance to change the accounting for credit losses and modify the impairment model for certain debt securities. The amendments will be effective for the Company for reporting periods beginning after December 15, 2019. Early adoption is permitted for all organizations for periods beginning after December 15, 2018. The Company is currently evaluating the effect that implementation of the new standard will have on its financial position, results of operations, and cash flows. In August 2016, the FASB amended the Statement of Cash Flows topic of the Accounting Standards Codification to clarify how certain cash receipts and cash payments are presented and classified in the statement of cash flows. The amendments are effective for the Company for fiscal years beginning after December 15, 2017 including interim periods within those fiscal years. These amendments had no material effect on its financial statements. In January 2017, the FASB issued guidance to clarify the definition of a business with the objective of adding guidance to assist entities with evaluating whether transactions should be accounted for as acquisitions (or disposals) of assets or businesses. The amendment to the Business Combinations Topic is intended to address concerns that the existing definition of a business has been applied too broadly and has resulted in many transactions being recorded as business acquisitions that in substance are more akin to asset acquisitions. The guidance was effective for the Company for reporting periods beginning after December 15, 2017. These amendments had no material effect on its financial statements. In January 2017, the FASB amended the Goodwill and Other Topic of the Accounting Standards Codification to simplify the accounting for goodwill impairment for public business entities and other entities that have goodwill reported in their financial statements and have not elected the private company alternative for the subsequent measurement of goodwill. The amendment removes Step 2 of the goodwill impairment test. Goodwill impairment will now be the amount by which a reporting unit’s carrying value exceeds its fair value, not to exceed the carrying amount of goodwill. The effective date and transition requirements for the technical corrections will be effective for the Company for reporting periods beginning after December 15, 2019. Early adoption is permitted for interim or annual goodwill impairment tests performed on testing dates after January 1, 2017. The Company does not expect these amendments to have a material effect on its financial statements. In March 2017, the FASB amended the requirements in the Receivables—Nonrefundable Fees and Other Costs Topic of the Accounting Standards Codification related to the amortization period for certain purchased callable debt securities held at a premium. The amendments shorten the amortization period for the premium to the earliest call date. The amendments will be effective for the Company for interim and annual periods beginning after December 15, 2018. The Company does not expect these amendments to have a material effect on its financial statements. In September 2017, the FASB updated the Revenue from Contracts with Customers and the Leases Topics of the Accounting Standards Codification. The amendments incorporate into the Accounting Standards Codification recent SEC guidance about certain public business entities (PBEs) electing to use the non-PBE effective dates solely to adopt the FASB’s new standards on revenue and leases. The amendments were effective upon issuance. The amendments were effective upon issuance and did not have a material effect on the financial statements. In November 2017, the FASB updated the Income Statement and Revenue from Contracts with Customers Topics of the Accounting Standards Codification. The amendments incorporate into the Accounting Standards Codification recent SEC guidance related to revenue recognition. The amendments were effective upon issuance. The amendments were effective upon issuance and did not have a material effect on the financial statements. In March 2018, the FASB updated the Debt Securities and the Regulated Operations Topics of the Accounting Standards Codification. The amendments incorporate into the Accounting Standards Codification recent SEC guidance which was issued in order to make the relevant interpretive guidance consistent with current authoritative accounting and auditing guidance and SEC rules and regulations. The amendments were effective upon issuance and did not have a material effect on the financial statements. In March 2018, the FASB updated the Income Taxes Topic of the Accounting Standards Codification. The amendments incorporate into the Accounting Standards Codification recent SEC guidance related to the income tax accounting implications of the Tax Cuts and Jobs Act. The amendments were effective upon issuance and did not have a material effect on the financial statements. In May 2018, the FASB amended the Financial Services—Depository and Lending Topic of the Accounting Standards Codification to remove outdated guidance related to Circular 202. The amendments were effective upon issuance and did not have a material effect on the financial statements. Other accounting standards that have been issued or proposed by the FASB or other standards-setting bodies are not expected to have a material impact on the Company’s financial position, results of operations or cash flows.

FAIR VALUE MEASUREMENT

FAIR VALUE MEASUREMENT	6 Months Ended
	Jun. 30, 2018
Fair Value Disclosures [Abstract]
FAIR VALUE MEASUREMENT	Note 6– Fair Value of Financial Instruments The Company adopted FASB ASC Fair Value Measurement Topic 820, which defines fair value, establishes a framework for measuring fair value, and expands disclosures about fair value measurements. ASC 820 defines fair value as 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. ASC 820 also establishes a fair value hierarchy which requires an entity to maximize the use of observable inputs and minimize the use of unobservable inputs when measuring fair value. The standard describes three levels of inputs that may be used to measure fair value: Level l Quoted prices in active markets for identical assets or liabilities. Level 2 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 for substantially the full term of the assets or liabilities. Level 3 Unobservable inputs that are supported by little or no market activity and that are significant to the fair value of the assets or liabilities. Level 3 assets and liabilities include financial instruments whose value is determined using pricing models, discounted cash flow methodologies, or similar techniques, as well as instruments for which the determination of fair value requires significant management judgment or estimation. FASB ASC 825-10-50 “Disclosure about Fair Value of Financial Instruments”, requires the Company to disclose estimated fair values for its financial instruments. Fair value estimates, methods, and assumptions are set forth below. Cash and Short Term Investments - Investment Securities - Loans Held for Sale - Loans - Other Real Estate Owned (“OREO”) - Accrued Interest Receivable Deposits - Federal Home Loan Bank Advances - Short Term Borrowings - Junior Subordinated Debentures - Accrued Interest Payable - Commitments to Extend Credit The carrying amount and estimated fair value by classification level of the Company’s financial instruments as of June 30, 2018 and December 31, 2017 are as follows: June 30, 2018 Fair Value (Dollars in thousands) Carrying Amount Total Level 1 Level 2 Level 3 Financial Assets: Cash and short term investments $ 44,945 $ 44,945 $ 44,945 $ — $ — Held-to-maturity securities 16,261 16,212 — 16212 — Available-for-sale securities 255,513 255,513 9 255,504 — Other investments, at cost 1,956 1,956 — — 1,956 Loans held for sale 6,969 6,969 — 6,969 — Net loans receivable 678,246 668,620 — — 668,620 Accrued interest 3,374 3,374 3,374 — — Financial liabilities: Non-interest bearing demand deposits $ 239,744 $ 239,744 $ — $ 239,744 $ — Interest bearing demand deposits and money market accounts 394,449 394,449 — 394,449 — Savings 106,333 106,333 — 106,333 — Time deposits 192,842 193,267 — 193,267 — Total deposits 933,368 933,793 — 933,793 — Federal Home Loan Bank Advances 241 241 — 241 — Short term borrowings 28,203 28,203 — 28,203 — Junior subordinated debentures 14,964 12,157 — 12,157 — Accrued interest payable 650 650 650 — — December 31, 2017 Fair Value (Dollars in thousands) Carrying Amount Total Level 1 Level 2 Level 3 Financial Assets: Cash and short term investments $ 30,591 $ 30,591 $ 30,591 $ — $ — Held-to-maturity securities 17,012 17,220 — 17,220 — Available-for-sale securities 264,824 264,824 790 264,034 — Other investments, at cost 2,559 2,559 — — 2,559 Loans held for sale 5,093 5,093 — 5,093 — Net loans receivable 641,008 639,489 — 634,361 5,128 Accrued interest 3,489 3,489 3,489 — — Financial liabilities: Non-interest bearing demand $ 226,546 $ 226,546 $ — $ 226,546 $ — NOW and money market accounts 364,358 364,358 — 364,358 — Savings 104,756 104,756 — 104,756 — Time deposits 192,663 192,186 — 192,186 — Total deposits 888,323 887,846 — 887,846 — Federal Home Loan Bank Advances 14,250 14,248 — 14,248 — Short term borrowings 19,270 19,270 — 19,270 — Junior subordinated debentures 14,964 15,025 — 15,025 — Accrued interest payable 562 562 562 — — The following tables summarize quantitative disclosures about the fair value for each category of assets carried at fair value as of June 30, 2018 and December 31, 2017 that are measured on a recurring basis. There were no liabilities carried at fair value as of June 30, 2018 or December 31, 2017 that are measured on a recurring basis. (Dollars in thousands) Description June 30 2018 Quoted Prices in Active Markets for Identical Assets (Level 1) Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) Available for sale securities US Treasury Securities $ 7,824 $ — $ 7,824 $ — Government sponsored enterprises 1,093 — 1,093 — Mortgage-backed securities 139,917 — 139,917 — Small Business Administration pools 54,730 — 54,730 — State and local government 51,880 — 51,880 — Corporate and other securities 69 9 60 — 255,513 9 255,504 — Loans held for sale 6,969 — 6,969 — Total $ 262,482 $ 9 $ 262,482 $ — (Dollars in thousands) Description December 31 2017 Quoted Prices in Active Markets for Identical Assets (Level 1) Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) Available for sale securities US Treasury Securities $ 1,505 $ — $ 1,505 $ — Government sponsored enterprises 1,109 — 1,109 — Mortgage-backed securities 143,768 — 143,768 — Small Business Administration securities 61,588 — 61,588 — State and local government 56,004 — 56,004 — Corporate and other securities 850 790 60 — 264,824 790 264,034 — Loans held for sale 5,093 — 5,093 — Total $ 269,917 $ 790 $ 269,127 $ — The following table reconciles the changes in Level 3 financial instruments for the six months ended June 30, 2017 measured on a recurring basis. There were no Level 3 financial instruments for the three months ended June 30, 2017 or the three and six months ended June 30, 2018 measured on a recurring basis. ( Dollars in thousands) Corporate Preferred Stock Beginning Balance December 31, 2016 $ 1,000 Total gains or losses (realized/unrealized) Included in earnings — Included in other comprehensive income — Purchases, issuances, and settlements — Transfers in and/or out of Level 3 (1,000 ) Ending Balance June 30, 2017 $ — The following tables summarize quantitative disclosures about the fair value for each category of assets carried at fair value as of June 30, 2018 and December 31, 2017 that are measured on a non-recurring basis. (Dollars in thousands) Description June 30, 2018 Quoted Prices in Active Markets for Identical Assets (Level 1) Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) Impaired loans: Commercial $ — $ — $ — $ — Real estate: Mortgage-residential 423 — — 423 Mortgage-commercial 4,450 — — 4,450 Consumer: Home equity 61 — — 61 Other — — — — Total impaired 4,934 — — 4,934 Other real estate owned: Construction 828 — — 828 Mortgage-residential — — — — Mortgage-commercial 996 — — 996 Total other real estate owned 1,824 — — 1,824 Total $ 6,758 $ — $ — $ 6,758 (Dollars in thousands) Description December 31, 2017 Quoted Prices in Active Markets for Identical Assets (Level 1) Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) Impaired loans: Commercial & Industrial $ — $ — $ — $ — Real estate: Mortgage-residential 411 — — 411 Mortgage-commercial 4,717 — — 4,717 Consumer: Home equity — — — — Other — — — — Total impaired 5,128 — — 5,128 Other real estate owned: Construction 828 — — 828 Mortgage-residential 47 — — 47 Mortgage-commercial 1,059 — — 1,059 Total other real estate owned 1,934 — — 1,934 Total $ 7,062 $ — $ — $ 7,062 The Company has a large percentage of loans with real estate serving as collateral. Loans which are deemed to be impaired are primarily valued on a nonrecurring basis at the fair value of the underlying real estate collateral. Such fair values are obtained using independent appraisals, which the Company considers to be Level 3 inputs. Third party appraisals are generally obtained when a loan is identified as being impaired or at the time it is transferred to OREO. This internal process consists of evaluating the underlying collateral to independently obtained comparable properties. With respect to less complex or smaller credits, an internal evaluation may be performed. Generally, the independent and internal evaluations are updated annually. Factors considered in determining the fair value include, among others, geographic sales trends, the value of comparable surrounding properties and the condition of the property. The aggregate amount of impaired loans was $5.0 million and $5.2 million as of June 30, 2018 and December 31, 2017, respectively. For Level 3 assets and liabilities measured at fair value on a non-recurring basis as of June 30, 2018 and December 31, 2017, the significant unobservable inputs used in the fair value measurements were as follows: (Dollars in thousands) Fair Value as of June 30, 2018 Valuation Technique Significant Observable Inputs Significant Unobservable Inputs OREO $ 1,824 Appraisal Value/Comparison Sales/Other estimates Appraisals and or sales of comparable properties Appraisals discounted 6% to 16% for sales commissions and other holding cost Impaired loans $ 4,934 Appraisal Value Appraisals and or sales of comparable properties Appraisals discounted 6% to 16% for sales commissions and other holding cost (Dollars in thousands) Fair Value as of December 31, 2017 Valuation Technique Significant Observable Inputs Significant Unobservable Inputs OREO $ 1,934 Appraisal Value/Comparison Sales/Other estimates Appraisals and or sales of comparable properties Appraisals discounted 6% to 16% for sales commissions and other holding cost Impaired loans $ 5,128 Appraisal Value Appraisals and or sales of comparable properties Appraisals discounted 6% to 16% for sales commissions and other holding cost

DEPOSITS

DEPOSITS	6 Months Ended
	Jun. 30, 2018
Banking and Thrift [Abstract]
DEPOSITS	Note 7 — Deposits The Company’s total deposits are comprised of the following at the dates indicated: June 30, December 31, Dollars in thousands 2018 2017 Non-interest bearing demand deposits $ 239,744 $ 226,546 Interest bearing demand deposits and money market accounts 394,448 364,358 Savings 106,333 104,756 Time deposits 192,843 192,663 Total deposits $ 933,368 $ 888,323 As of June 30, 2018 and December 31, 2017, the Company had time deposits greater than $250,000 of $37.5 million and $38.4 million, respectively.

REPORTABLE SEGMENTS

REPORTABLE SEGMENTS	6 Months Ended
	Jun. 30, 2018
Segment Reporting [Abstract]
REPORTABLE SEGMENTS	Note 8 – Reportable Segments The Company’s reportable segments represent the distinct product lines the Company offers and are viewed separately for strategic planning by management. The Company has four reportable segments: · Commercial and retail banking: The Company’s primary business is to provide deposit and lending products and services to its commercial and retail customers. · Mortgage banking: This segment provides mortgage origination services for loans that will be sold to investors in the secondary market. · Investment advisory and non-deposit: This segment provides investment advisory services and non-deposit products. · Corporate: This segment includes the parent company financial information, including interest on parent company debt and dividend income received from First Community Bank (the “Bank”). Six months ended June 30, 2018 Commercial Investment (Dollars in thousands) and Retail Mortgage advisory and Banking Banking non-deposit Corporate Eliminations Consolidated Dividend and Interest Income $ 18,731 $ 408 $ — $ 1,831 $ (1,820 ) $ 19,150 Interest expense 1,337 — — 340 — 1,677 Net interest income $ 17,394 $ 408 $ — $ 1,491 $ (1,820 ) $ 17,473 Provision for loan losses 231 — — — — 231 Noninterest income 2,791 1,967 784 — — 5,542 Noninterest expense 13,310 1,577 723 209 — 15,819 Net income before taxes $ 6,644 $ 798 $ 61 $ 1,282 $ (1,820 ) $ 6,965 Income tax provision (benefit) 1,382 — — (127 ) — 1,255 Net income (loss) $ 5,262 $ 798 $ 61 $ 1,409 $ (1,820 ) $ 5,710 Three months ended June 30, 2018 Commercial Investment (Dollars in thousands) and Retail Mortgage advisory and Banking Banking non-deposit Corporate Eliminations Consolidated Dividend and Interest Income $ 9,602 $ 211 $ — $ 922 $ (916 ) $ 9,819 Interest expense 698 — — 182 — 880 Net interest income $ 8,904 $ 211 $ — $ 740 $ (916 ) $ 8,939 Provision for loan losses 29 — — — — 29 Noninterest income 1,494 1,016 401 — — 2,911 Noninterest expense 6,900 823 382 120 — 8,225 Net income before taxes $ 3,469 $ 404 $ 19 $ 620 $ (916 ) $ 3,596 Income tax provision (benefit) 657 — — (62 ) — 595 Net income $ 2,812 $ 404 $ 19 $ 682 $ (916 ) $ 3,001 Six months ended June 30, 2017 Commercial Investment (Dollars in thousands) and Retail Mortgage advisory and Banking Banking non-deposit Corporate Eliminations Consolidated Dividend and Interest Income $ 15,310 $ 178 $ — $ 1,445 $ (1,436 ) $ 15,497 Interest expense 1,114 — — 273 — 1,387 Net interest income $ 14,196 $ 178 $ — $ 1,172 $ (1,436 ) $ 14,110 Provision for loan losses 194 — — — — 194 Noninterest income 2,042 1,918 572 90 — 4,622 Noninterest expense 11,917 1,412 578 183 — 14,090 Net income before taxes $ 4,127 $ 684 $ (6 ) $ 1,079 $ (1,436 ) $ 4,448 Income tax provision (benefit) 1,265 — — (237 ) — 1,028 Net income (loss) $ 2,862 $ 684 $ (6 ) $ 1,316 $ (1,436 ) $ 3,420 Three months ended June 30, 2017 Commercial Investment (Dollars in thousands) and Retail Mortgage advisory and Banking Banking non-deposit Corporate Eliminations Consolidated Dividend and Interest Income $ 7,590 $ 119 $ — $ 679 $ (664 ) 7,724 Interest expense 557 — — 118 — 675 Net interest income $ 7,033 $ 119 $ — $ 561 $ (664 ) $ 7,049 Provision for loan losses 78 — — — — 78 Noninterest income 1,099 1,248 297 — — 2,644 Noninterest expense 6,174 803 260 133 — 7,370 Net income before taxes $ 1,880 $ 564 $ 37 $ 428 $ (664 ) $ 2,245 Income tax provision (benefit) 644 — — (63 ) — 581 Net income $ 1,236 $ 564 $ 37 $ 491 $ (664 ) $ 1,664 Commercial Investment (Dollars in thousands) and Retail Mortgage advisory and Banking Banking non-deposit Corporate Eliminations Consolidated Total Assets as of June 30, 2018 $ 1,072,255 $ 18,975 $ 13 $ 125,282 $ (124,376 ) $ 1,092,149 Total Assets as of December 31, 2017 $ 1,033,483 $ 16,298 $ 19 $ 121,326 $ (120,395 ) $ 1,050,731

MERGERS AND ACQUISITIONS

MERGERS AND ACQUISITIONS	6 Months Ended
	Jun. 30, 2018
Business Combinations [Abstract]
MERGERS AND ACQUISITIONS	Note 9 - Mergers and Acquisitions On October 20, 2017, the Company acquired all of the outstanding common stock of Cornerstone Bancorp of Easley, South Carolina (“Cornerstone”) the bank holding company for Cornerstone National Bank (“CNB”), in a cash and stock transaction. The total purchase price was approximately $27.1 million, consisting of $7.8 million in cash and 877,364 shares of our common stock valued at $19.3 million based on a provision in the merger agreement that 30% of the outstanding shares of Cornerstone common stock be exchanged for cash and 70% of the outstanding shares of Cornerstone common stock be exchanged for shares of the Company’s common stock. The value of the Company’s common stock issued was determined based on the closing price of the common stock on October 19, 2017 as reported by NASDAQ, which was $22.05. Cornerstone common shareholders received 0.54 shares of the Company’s common stock in exchange for each share of Cornerstone common stock, or $11.00 per share, subject to the limitations discussed above. The Company issued 877,364 shares of its common stock in connection with the merger. The Cornerstone transaction was accounted for using the acquisition method of accounting and, accordingly, assets acquired, liabilities assumed and consideration exchanged were recorded at estimated fair value on the acquisition date based on a third party valuation of significant accounts. Fair values are subject to refinement for up to a year. The following table presents the assets acquired and liabilities assumed as of October 20, 2017 as recorded by the Company on the acquisition date and initial fair value adjustments. As Recorded by Fair Value As Recorded (Dollars in thousands, except per share data) Cornerstone Adjustments by the Company Assets Cash and cash equivalents $ 30,060 $ — $ 30,060 Investment securities 44,018 (358 )(a) 43,660 Loans 60,835 (734 )(b) 60,101 Premises and equipment 4,164 573 (c) 4,737 Intangible assets — 1,810 (d) 1,810 Bank owned life insurance 2,384 — 2,384 Other assets 3,082 (473 )(e) 2,609 Total assets $ 144,543 $ 818 $ 145,361 Liabilities Deposits: Noninterest-bearing $ 27,296 $ — $ 27,296 Interest-bearing 99,152 150 (f) 99,302 Total deposits 126,448 150 126,598 Securities sold under agreements to repurchase 849 — 849 Other liabilities 320 — 319 Total liabilities 127,617 150 127,766 Net identifiable assets acquired over liabilities assumed 16,926 668 17,594 Goodwill — 9,483 9,483 Net assets acquired over liabilities assumed $ 16,926 $ 10,151 $ 27,077 Consideration: First Community Corporation common shares issued 877,364 Purchase price per share of the Company’s common stock $ 22.05 $ 19,346 Cash exchanged for stock and fractional shares 7,731 Fair value of total consideration transferred $ 27,077 Explanation of fair value adjustments (a)—Adjustment reflects marking the securities portfolio to fair value as of the acquisition date. (b)—Adjustment reflects the fair value adjustments based on the Company’s evaluation of the acquired loan portfolio and excludes the allowance for loan losses recorded by Cornerstone. (c)—Adjustment reflects the fair value adjustments based on the Company’s evaluation of the acquired premises and equipment. (d)—Adjustment reflects the recording of the core deposit intangible on the acquired deposit accounts. (e)—Adjustment reflects the deferred tax adjustment related to fair value adjustments at 34%. (f)—Adjustment reflects the fair value adjustment on interest-bearing deposits. The operating results of the Company for the three months and six months ended June 30, 2018 include the operating results of the acquired assets and assumed liabilities for the entire period. The following table presents certain pro forma information as if Cornerstone had been acquired on January 1, 2017. These results combine the historical results of Cornerstone in the Company’s consolidated statement of income and, while certain adjustments were made for the estimated impact of certain fair value adjustments and other acquisition-related activity, they are not indicative of what would have occurred had the acquisition taken place on January 1, 2017 Pro Forma Pro Forma Three Months Six Months (Dollars in thousands) Ended June 30, 2017 Ended June 30, 2017 Total revenues (net interest income plus noninterest income) $ 10,996 $ 21,290 Net income $ 1,638 $ 3,550

SUBSEQUENT EVENTS

SUBSEQUENT EVENTS	6 Months Ended
	Jun. 30, 2018
Subsequent Events [Abstract]
SUBSEQUENT EVENTS	Note 10 – Subsequent Events Subsequent events are events or transactions that occur after the balance sheet date but before financial statements are issued. Recognized subsequent events are events or transactions that provide additional evidence about conditions that existed at the date of the balance sheet, including the estimates inherent in the process of preparing financial statements. Non-recognized subsequent events are events that provide evidence about conditions that did not exist at the date of the balance sheet but arose after that date. Management has reviewed events occurring through the date the financial statements were available to be issued and no subsequent events occurred requiring accrual or disclosure.

EARNINGS PER COMMON SHARE (Tabl

EARNINGS PER COMMON SHARE (Tables)	6 Months Ended
	Jun. 30, 2018
Earnings Per Share [Abstract]
Schedule of reconciliation of the numerator and denominator of the basic and diluted earnings per common share computation	The following reconciles the numerator and denominator of the basic and diluted earnings per common share computation: (In thousands except average market price) Six months Three months Ended June 30, Ended June 30, 2018 2017 2018 2017 Numerator (Net income) $ 5,710 $ 3,420 $ 3,001 $ 1,664 Denominator Weighted average common shares outstanding for: Basic earnings per share 7,575 6,641 7,573 6,634 Dilutive securities: Deferred compensation 60 54 62 54 Warrants/Restricted stock – Treasury stock method 90 118 91 115 Diluted shares 7,725 6,813 7,726 6,803 The average market price used in calculating assumed number of shares $ 22.76 $ 20.56 $ 23.56 $ 20.75

INVESTMENT SECURITIES (Tables)

INVESTMENT SECURITIES (Tables)	6 Months Ended
	Jun. 30, 2018
Investments, Debt and Equity Securities [Abstract]
Schedule of amortized cost and estimated fair values of available-for-sale	The amortized cost and estimated fair values of investment securities are summarized below: AVAILABLE-FOR-SALE: Gross Gross Amortized Unrealized Unrealized (Dollars in thousands) Cost Gains Losses Fair Value June 30, 2018 US Treasury securities $ 7,870 $ — $ 46 $ 7,824 Government Sponsored Enterprises 1,091 5 3 1,093 Mortgage-backed securities 143,306 86 3,475 139,917 Small Business Administration pools 55,314 226 810 54,730 State and local government 52,322 458 900 51,880 Other securities 68 1 — 69 $ 259,971 $ 776 $ 5,234 $ 255,513 Gross Gross Amortized Unrealized Unrealized (Dollars in thousands) Cost Gains Losses Fair Value December 31, 2017 US Treasury securities $ 1,529 $ — $ 24 $ 1,505 Government Sponsored Enterprises 1,085 24 — 1,109 Mortgage-backed securities 145,185 285 1,702 143,768 Small Business Administration pools 61,544 374 330 61,588 State and local government 55,111 1,309 416 56,004 Other securities 932 — 82 850 $ 265,386 $ 1,992 $ 2,554 $ 264,824
Schedule of amortized cost and estimated fair values of held-to-maturity securities	HELD-TO-MATURITY: Gross Gross Amortized Unrealized Unrealized (Dollars in thousands) Cost Gains Losses Fair Value June 30, 2018 State and local government $ 16,261 $ 52 $ 101 $ 16,212 $ 16,261 $ 52 $ 101 $ 16,212 Gross Gross Amortized Unrealized Unrealized (Dollars in thousands) Cost Gains Losses Fair Value December 31, 2017 State and local government $ 17,012 $ 223 $ 15 $ 17,220 $ 17,012 $ 223 $ 15 $ 17,220
Schedule of gross unrealized losses and fair values, aggregated by investment category and length of time that individual securities have been in a continuous loss position	The following tables show gross unrealized losses and fair values, aggregated by investment category and length of time that individual securities have been in a continuous loss position, at June 30, 2018 and December 31, 2017. (Dollars in thousands) Less than 12 months 12 months or more Total June 30, 2018 Unrealized Unrealized Unrealized Available-for-sale securities: Fair Value Loss Fair Value Loss Fair Value Loss US Treasury securities $ 6,342 $ 4 $ 1,482 $ 42 $ 7,824 $ 46 Government Sponsored Enterprise 122 3 — — 122 3 Government Sponsored Enterprise mortgage-backed securities 81,744 1,607 42,131 1,868 123,875 3,475 Small Business Administration pools 22,305 376 14,767 434 37,072 810 State and local government 12,418 160 12,552 740 24,970 900 $ 122,931 $ 2,150 $ 70,932 $ 3,084 $ 193,863 $ 5,234 (Dollars in thousands) Less than 12 months 12 months or more Total June 30, 2018 Unrealized Unrealized Unrealized Held-to-maturity securities: Fair Value Loss Fair Value Loss Fair Value Loss State and local government $ 10,605 $ 101 $ 0 $ 0 $ 10,605 $ 101 (Dollars in thousands) Less than 12 months 12 months or more Total December 31, 2017 Unrealized Unrealized Unrealized Available-for-sale securities: Fair Value Loss Fair Value Loss Fair Value Loss US Treasury securities $ — $ — $ 1,505 $ 24 $ 1,505 $ 24 Government Sponsored Enterprise mortgage-backed securities 50,377 420 46,071 1,282 96,448 1,702 Small Business Administration pools 17,607 164 16,311 166 33,918 330 State and local government 3,639 15 12,990 401 16,629 416 Corporate and other securities — — 790 82 790 82 $ 71,623 $ 599 $ 77,667 $ 1,955 $ 149,290 $ 2,554 (Dollars in thousands) Less than 12 months 12 months or more Total December 31, 2017 Unrealized Unrealized Unrealized Held-to-maturity securities: Fair Value Loss Fair Value Loss Fair Value Loss State and local government $ 2,899 $ 15 $ — $ — $ 2,899 $ 15
Schedule of the amortized cost and fair value of investment securities by expected maturity	The following sets forth the amortized cost and fair value of investment securities at June 30, 2018 by contractual maturity. Expected maturities differ from contractual maturities because borrowers may have the right to call or prepay the obligations with or without prepayment penalties. MBSs are based on average life at estimated prepayment speeds. June 30, 2018 Available-for-sale Held-to-maturity Amortized Fair Amortized Fair (Dollars in thousands) Cost Value Cost Value Due in one year or less $ 13,014 $ 13,014 $ — $ — Due after one year through five years 149,787 147,491 8,247 8,231 Due after five years through ten years 84,661 82,532 8,014 7,981 Due after ten years 12,509 12,476 — — $ 259,971 $ 255,513 $ 16,261 $ 16,212

LOANS (Tables)

LOANS (Tables)	6 Months Ended
	Jun. 30, 2018
Receivables [Abstract]
Summary of loans by category	Loans summarized by category as of June 30, 2018, December 31, 2017 and June 30, 2017 are as follows: June 30, December 31, June 30, (Dollars in thousands) 2018 2017 2017 Commercial, financial and agricultural $ 47,853 $ 51,040 $ 41,893 Real estate: Construction 55,479 45,401 34,526 Mortgage-residential 50,190 46,901 45,012 Mortgage-commercial 486,107 460,276 394,454 Consumer: Home equity 32,319 32,451 30,091 Other 12,385 10,736 7,444 Total $ 684,333 $ 646,805 $ 553,420
Schedule of activity in the allowance for loan losses and the recorded investment in loans receivable	The detailed activity in the allowance for loan losses and the recorded investment in loans receivable as of and for the six months ended June 30, 2018 and June 30, 2017 and for the year ended December 31, 2017 is as follows: (Dollars in thousands) Real estate Real estate Real estate Mortgage Mortgage Consumer Consumer June 30, 2018 Commercial Construction Residential Commercial Home equity Other Unallocated Total Allowance for loan losses: Beginning balance December 31, 2017 $ 221 $ 101 $ 461 $ 3,077 $ 308 $ 35 $ 1,594 $ 5,797 Charge-offs — — (1 ) — — (85 ) — (86 ) Recoveries 3 — 2 114 5 21 — 145 Provisions 48 11 210 (573 ) 716 142 (323 ) 231 Ending balance June 30, 2018 $ 272 $ 112 $ 672 $ 2,618 $ 1,029 $ 113 $ 1,271 $ 6,087 Ending balances: Individually evaluated for impairment $ — $ — $ 1 $ 14 $ — $ — $ — $ 15 Collectively evaluated for impairment 272 112 671 2,604 1,029 113 1,271 6,072 June 30, 2018 Loans receivable: Ending balance-total $ 47,853 $ 55,479 $ 50,190 $ 486,107 $ 32,319 $ 12,385 $ — $ 684,333 Ending balances: Individually evaluated for impairment — — 424 4,464 61 — — 4,949 Collectively evaluated for impairment $ 47,853 $ 55,479 $ 49,766 $ 481,643 $ 32,258 $ 12,385 $ — $ 679,384 (Dollars in thousands) Real estate Real estate Consumer June 30, 2017 Real estate Mortgage Mortgage Home Consumer Commercial construction Residential Commercial Equity Other Unallocated Total Allowance for loan losses: Beginning balance December 31, 2016 $ 145 $ 104 $ 438 $ 2,793 $ 153 $ 127 $ 1,454 $ 5,214 Charge-offs — — — (24 ) — (44 ) — (68 ) Recoveries 3 — 2 113 24 8 — 150 Provisions 21 (28 ) (87 ) (37 ) 19 (67 ) 373 194 Ending balance June 30, 2017 $ 169 $ 76 $ 353 $ 2,845 $ 196 $ 24 $ 1,827 $ 5,490 Ending balances: Individually evaluated for impairment $ — $ — $ 2 $ 23 $ — $ — $ — $ 25 Collectively evaluated for impairment 169 76 351 2,822 196 24 1,827 5,465 June 30, 2017 Loans receivable: Ending balance-total $ 41,893 $ 34,526 $ 45,012 $ 394,454 $ 30,091 $ 7,444 $ — $ 553,420 Ending balances: Individually evaluated for impairment — — 434 4,275 56 — — 4,763 Collectively evaluated for impairment $ 41,893 $ 34,526 $ 44,578 $ 390,179 $ 30,035 $ 7,444 $ — $ 548,655 (Dollars in thousands) Real estate Real estate Real estate Mortgage Mortgage Consumer Consumer December 31, 2017 Commercial Construction Residential Commercial Home equity Other Unallocated Total Allowance for loan losses: Beginning balance December 31, 2016 $ 145 $ 104 $ 438 $ 2,793 $ 153 $ 127 $ 1,454 $ 5,214 Charge-offs (5 ) — — (30 ) (7 ) (131 ) — (173 ) Recoveries 5 — 5 172 24 20 — 226 Provisions 76 (3 ) 18 142 138 19 140 530 Ending balance December 31, 2017 $ 221 $ 101 $ 461 $ 3,077 $ 308 $ 35 $ 1,594 $ 5,797 Ending balances: Individually evaluated for impairment $ — $ — $ 2 $ 25 $ — $ — $ — $ 27 Collectively evaluated for impairment 221 101 459 3,052 308 35 1,594 5,770 December 31, 2017 Loans receivable: Ending balance-total $ 51,040 $ 45,401 $ 46,901 $ 460,276 $ 32,451 $ 10,736 $ — $ 646,805 Ending balances: Individually evaluated for impairment — — 413 4,742 — — — 5,155 Collectively evaluated for impairment $ 51,040 $ 45,401 $ 46,488 $ 455,534 $ 32,451 $ 10,736 $ — $ 641,650 The detailed activity in the allowance for loan losses as of and for the three months ended June 30, 2018 and the three months ended June 30, 2017 is as follows: (Dollars in thousands) Real estate Real estate Consumer Real estate Mortgage Mortgage Home Consumer Commercial construction Residential Commercial Equity Other Unallocated Total Allowance for loan losses: Beginning balance March 31, 2018 $ 210 $ 98 $ 716 $ 3,117 $ 479 $ 63 $ 1,303 $ 5,986 Charge-offs — — — — — (38 ) — (38 ) Recoveries 3 — 2 87 5 13 — 110 Provisions 59 14 (46 ) (586 ) 545 75 (32 ) 29 Ending balance June 30, 2018 $ 272 $ 112 $ 672 $ 2,618 $ 1,029 $ 113 $ 1,271 $ 6,087 (Dollars in thousands) Real estate Real estate Consumer Real estate Mortgage Mortgage Home Consumer Commercial construction Residential Commercial Equity Other Unallocated Total Allowance for loan losses: Beginning balance March 31, 2017 $ 140 $ 71 $ 398 $ 2,858 $ 163 $ 159 $ 1,579 $ 5,368 Charge-offs — — — — — (17 ) — (17 ) Recoveries 1 — 1 32 23 4 — 61 Provisions 28 5 (46 ) (45 ) 10 (122 ) 248 78 Ending balance June 30, 2017 $ 169 $ 76 $ 353 $ 2,845 $ 196 $ 24 $ 1,827 $ 5,490
Schedule of related party loan	The following table presents related party loan transactions for the six months ended June 30, 2018 and 2017: (Dollars in thousands) 2018 2017 Beginning Balance December 31, $ 5,549 $ 6,103 New Loans 1,778 87 Less loan repayments 936 754 Ending Balance June 30, $ 6,391 $ 5,436
Schedule of loans individually evaluated and considered impaired	The following table presents at June 30, 2018 and December 31, 2017 loans individually evaluated and considered impaired under Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (“ASC”) 310 “Accounting by Creditors for Impairment of a Loan.” Impairment includes performing troubled debt restructurings (“TDRs”). (Dollars in thousands) June 30, December 31, 2018 2017 Total loans considered impaired $ 4,949 $ 5,155 Loans considered impaired for which there is a related allowance for loan loss: Outstanding loan balance $ 1,819 $ 1,669 Related allowance $ 15 $ 27 Loans considered impaired and previously written down to fair value $ 3,130 $ 3,485 Average impaired loans $ 5,029 $ 5,513 Amount of interest earned during period of impairment $ 200 $ 132
Schedule of loan category and loans individually evaluated and considered impaired	The following tables are by loan category and present at June 30, 2018, June 30, 2017 and December 31, 2017 loans individually evaluated and considered impaired under FASB ASC 310 “Accounting by Creditors for Impairment of a Loan.” Impairment includes performing TDRs. (Dollars in thousands) Six months ended Three months ended Unpaid Average Interest Average Interest June 30, 2018 Recorded Principal Related Recorded income Recorded Income Investment Balance Allowance Investment Recognized Investment Recognized With no allowance recorded: Commercial, financial, agricultural $ — $ — $ — $ — $ — $ — $ — Real estate: Construction — — — — — — — Mortgage-residential 384 463 — 385 14 383 9 Mortgage-commercial 2,514 5,292 — 2,555 118 2,716 71 Consumer: Home equity 61 61 — 62 1 59 1 Other — — — — — — — With an allowance recorded: Commercial, financial, agricultural — — — — — — — Real estate: Construction — — — — — — — Mortgage-residential 40 40 1 41 1 40 1 Mortgage-commercial 1,950 1,950 14 1,987 66 1,950 33 Consumer: Home equity — — — — — — — Other — — — — — — — Total: Commercial, financial, agricultural $ — $ — $ — $ — $ — $ — $ — Real estate: Construction — — — — — — — Mortgage-residential 424 503 1 426 15 423 10 Mortgage-commercial 4,464 7,242 14 4,541 184 4,666 104 Consumer: Home equity 61 61 — 62 1 59 1 Other — — — — — — — $ 4,949 $ 7,806 $ 15 $ 5,029 $ 200 $ 5,148 $ 115 (Dollars in thousands) Six months ended Three months ended Unpaid Average Interest Average Interest June 30, 2017 Recorded Principal Related Recorded income Recorded Income Investment Balance Allowance Investment Recognized Investment Recognized With no allowance recorded: Commercial, financial, agricultural $ — $ — $ — $ — $ — $ — $ — Real estate: Construction — — — — — — — Mortgage-residential 390 449 — 390 7 389 6 Mortgage-commercial 2,584 5,123 — 2,583 105 2,575 20 Consumer: Home equity 56 57 — 56 — 56 — Other — — — — — — — With an allowance recorded: Commercial, financial, agricultural — — — — — — — Real estate: Construction — — — — — — — Mortgage-residential 44 44 2 44 1 44 1 Mortgage-commercial 1,691 2,124 23 1,673 88 1,683 22 Consumer: Home equity — — — — — — — Other — — — — — — — Total: Commercial, financial, agricultural $ — $ — $ — $ — $ — $ — $ — Real estate: Construction — — — — — — — Mortgage-residential 434 493 2 434 8 433 7 Mortgage-commercial 4,275 7,247 23 4,256 193 4,258 42 Consumer: Home equity 56 57 — 56 — 56 — Other — — — — — — — $ 4,765 $ 7,797 $ 25 $ 4,746 $ 201 $ 4,747 $ 49 (Dollars in thousands) December 31, 2017 Unpaid Average Interest Recorded Principal Related Recorded Income Investment Balance Allowance Investment Recognized With no allowance recorded: Commercial $ — $ — $ — $ — $ — Real estate: Construction — — — — — Mortgage-residential 371 437 — 399 — Mortgage-commercial 3,087 5,966 — 3,420 13 Consumer: Home Equity — — — — — Other — — — — — With an allowance recorded: Commercial — — — — — Real estate: Construction — — — — — Mortgage-residential 42 42 2 43 2 Mortgage-commercial 1,655 2,261 25 1,652 117 Consumer: Home Equity — — — — — Other — — — — — Total: Commercial — — — — — Real estate: Construction — — — — — Mortgage-residential 413 479 2 442 2 Mortgage-commercial 4,742 8,227 25 5,072 130 Consumer: Home Equity — — — — — Other — — — — — $ 5,155 $ 8,706 $ 27 $ 5,513 $ 132
Schedule of loan category and loan by risk categories	Loans not meeting the criteria above that are analyzed individually as part of the above described process are considered as pass rated loans. As of June 30, 2018 and December 31, 2017, and based on the most recent analysis performed, the risk category of loans by class of loans is shown in the table below. As of June 30, 2018 and December 31, 2017, no loans were classified as doubtful. (Dollars in thousands) June 30, 2018 Special Pass Mention Substandard Doubtful Total Commercial, financial & agricultural $ 47,473 $ 188 $ 192 $ — $ 47,853 Real estate: Construction 55,479 — — — 55,479 Mortgage – residential 48,437 882 871 — 50,190 Mortgage – commercial 477,022 4,608 4,477 — 486,107 Consumer: Home Equity 30,403 1,534 382 — 32,319 Other 12,385 — — — 12,385 Total $ 671,199 $ 7,212 $ 5,922 $ — $ 684,333 (Dollars in thousands) December 31, 2017 Special Pass Mention Substandard Doubtful Total Commercial, financial & agricultural $ 50,680 $ 179 $ 181 $ — $ 51,040 Real estate: Construction 45,401 — — — 45,401 Mortgage – residential 45,343 720 838 — 46,901 Mortgage – commercial 446,531 7,698 6,047 — 460,276 Consumer: Home Equity 30,618 1,524 309 — 32,451 Other 10,731 — 5 — 10,736 Total $ 629,304 $ 10,121 $ 7,380 $ — $ 646,805
Schedule for changes in the accretable yield for PCI loans	A summary of changes in the accretable yield for PCI loans for the three and six months ended June 30, 2018 and June 30, 2017 follows: Three Months Ended June 30, 2018 Six Months Ended June 30, 2018 Accretable yield, beginning of period $ 12 $ 22 Accretion (14 ) (24 ) Reclassification of nonaccretable difference due to improvement in expected cash flows — — Accretable yield, end of period $ (2 ) $ (2 ) Three Months Ended June 30, 2017 Six Months Ended June 30, 2017 Accretable yield, beginning of period $ 56 $ 34 Accretion (6 ) (28 ) Reclassification of nonaccretable difference due to improvement in expected cash flows — 44 Accretable yield, end of period $ 50 $ 50
Schedule of loan category and present loans past due and on non-accrual status	The following tables are by loan category and present loans past due and on non-accrual status as of June 30, 2018 and December 31, 2017: (Dollars in thousands) Greater than 30-59 Days 60-89 Days 90 Days and Total June 30, 2018 Past Due Past Due Accruing Nonaccrual Past Due Current Total Loans Commercial $ 76 $ — $ — $ $ 76 $ 47,777 $ 47,853 Real estate: Construction 24 — 959 983 54,496 55,479 Mortgage-residential 166 — — 383 549 49,641 50,190 Mortgage-commercial 540 — 2,514 3,054 483,053 486,107 Consumer: Home equity 351 — — 61 412 31,907 32,319 Other 116 3 — 119 12,266 12,385 $ 1,273 $ 3 $ 959 $ 2,958 $ 5,193 $ 679,140 $ 684,333 (Dollars in thousands) Greater than 30-59 Days 60-89 Days 90 Days and Total December 31, 2017 Past Due Past Due Accruing Nonaccrual Past Due Current Total Loans Commercial $ 26 $ — $ 32 $ — $ 58 $ 50,982 $ 51,040 Real estate: — Construction — — — — — 45,401 45,401 Mortgage-residential 109 38 — 371 518 46,383 46,901 Mortgage-commercial 290 828 — 2,971 4,089 456,187 460,276 Consumer: — Home equity 805 36 — — 841 31,610 32,451 Other 1 5 — — 6 10,730 10,736 $ 1,231 907 32 $ 3,342 $ 5,512 $ 641,293 $ 646,805

FAIR VALUE MEASUREMENT (Tables)

FAIR VALUE MEASUREMENT (Tables)	6 Months Ended
	Jun. 30, 2018
Fair Value Disclosures [Abstract]
Schedule of carrying amount and estimated fair value by classification Level of the Company's financial instruments	The carrying amount and estimated fair value by classification level of the Company’s financial instruments as of June 30, 2018 and December 31, 2017 are as follows: June 30, 2018 Fair Value (Dollars in thousands) Carrying Amount Total Level 1 Level 2 Level 3 Financial Assets: Cash and short term investments $ 44,945 $ 44,945 $ 44,945 $ — $ — Held-to-maturity securities 16,261 16,212 — 16212 — Available-for-sale securities 255,513 255,513 9 255,504 — Other investments, at cost 1,956 1,956 — — 1,956 Loans held for sale 6,969 6,969 — 6,969 — Net loans receivable 678,246 668,620 — — 668,620 Accrued interest 3,374 3,374 3,374 — — Financial liabilities: Non-interest bearing demand deposits $ 239,744 $ 239,744 $ — $ 239,744 $ — Interest bearing demand deposits and money market accounts 394,449 394,449 — 394,449 — Savings 106,333 106,333 — 106,333 — Time deposits 192,842 193,267 — 193,267 — Total deposits 933,368 933,793 — 933,793 — Federal Home Loan Bank Advances 241 241 — 241 — Short term borrowings 28,203 28,203 — 28,203 — Junior subordinated debentures 14,964 12,157 — 12,157 — Accrued interest payable 650 650 650 — — December 31, 2017 Fair Value (Dollars in thousands) Carrying Amount Total Level 1 Level 2 Level 3 Financial Assets: Cash and short term investments $ 30,591 $ 30,591 $ 30,591 $ — $ — Held-to-maturity securities 17,012 17,220 — 17,220 — Available-for-sale securities 264,824 264,824 790 264,034 — Other investments, at cost 2,559 2,559 — — 2,559 Loans held for sale 5,093 5,093 — 5,093 — Net loans receivable 641,008 639,489 — 634,361 5,128 Accrued interest 3,489 3,489 3,489 — — Financial liabilities: Non-interest bearing demand $ 226,546 $ 226,546 $ — $ 226,546 $ — NOW and money market accounts 364,358 364,358 — 364,358 — Savings 104,756 104,756 — 104,756 — Time deposits 192,663 192,186 — 192,186 — Total deposits 888,323 887,846 — 887,846 — Federal Home Loan Bank Advances 14,250 14,248 — 14,248 — Short term borrowings 19,270 19,270 — 19,270 — Junior subordinated debentures 14,964 15,025 — 15,025 — Accrued interest payable 562 562 562 — —
Schedule of fair value for each category of assets carried at fair value that are measured on a recurring basis	The following tables summarize quantitative disclosures about the fair value for each category of assets carried at fair value as of June 30, 2018 and December 31, 2017 that are measured on a recurring basis. There were no liabilities carried at fair value as of June 30, 2018 or December 31, 2017 that are measured on a recurring basis. (Dollars in thousands) Description June 30 2018 Quoted Prices in Active Markets for Identical Assets (Level 1) Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) Available for sale securities US Treasury Securities $ 7,824 $ — $ 7,824 $ — Government sponsored enterprises 1,093 — 1,093 — Mortgage-backed securities 139,917 — 139,917 — Small Business Administration pools 54,730 — 54,730 — State and local government 51,880 — 51,880 — Corporate and other securities 69 9 60 — 255,513 9 255,504 — Loans held for sale 6,969 — 6,969 — Total $ 262,482 $ 9 $ 262,482 $ — (Dollars in thousands) Description December 31 2017 Quoted Prices in Active Markets for Identical Assets (Level 1) Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) Available for sale securities US Treasury Securities $ 1,505 $ — $ 1,505 $ — Government sponsored enterprises 1,109 — 1,109 — Mortgage-backed securities 143,768 — 143,768 — Small Business Administration securities 61,588 — 61,588 — State and local government 56,004 — 56,004 — Corporate and other securities 850 790 60 — 264,824 790 264,034 — Loans held for sale 5,093 — 5,093 — Total $ 269,917 $ 790 $ 269,127 $ —
Schedule reconciling the changes in Level 3 financial instruments measured on a recurring basis	The following table reconciles the changes in Level 3 financial instruments for the six months ended June 30, 2017 measured on a recurring basis. There were no Level 3 financial instruments for the three months ended June 30, 2017 or the three and six months ended June 30, 2018 measured on a recurring basis. ( Dollars in thousands) Corporate Preferred Stock Beginning Balance December 31, 2016 $ 1,000 Total gains or losses (realized/unrealized) Included in earnings — Included in other comprehensive income — Purchases, issuances, and settlements — Transfers in and/or out of Level 3 (1,000 ) Ending Balance June 30, 2017 $ —
Schedule of the fair value for each category of assets carried at fair value that are measured on a non-recurring basis	The following tables summarize quantitative disclosures about the fair value for each category of assets carried at fair value as of June 30, 2018 and December 31, 2017 that are measured on a non-recurring basis. (Dollars in thousands) Description June 30, 2018 Quoted Prices in Active Markets for Identical Assets (Level 1) Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) Impaired loans: Commercial $ — $ — $ — $ — Real estate: Mortgage-residential 423 — — 423 Mortgage-commercial 4,450 — — 4,450 Consumer: Home equity 61 — — 61 Other — — — — Total impaired 4,934 — — 4,934 Other real estate owned: Construction 828 — — 828 Mortgage-residential — — — — Mortgage-commercial 996 — — 996 Total other real estate owned 1,824 — — 1,824 Total $ 6,758 $ — $ — $ 6,758 (Dollars in thousands) Description December 31, 2017 Quoted Prices in Active Markets for Identical Assets (Level 1) Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) Impaired loans: Commercial & Industrial $ — $ — $ — $ — Real estate: Mortgage-residential 411 — — 411 Mortgage-commercial 4,717 — — 4,717 Consumer: Home equity — — — — Other — — — — Total impaired 5,128 — — 5,128 Other real estate owned: Construction 828 — — 828 Mortgage-residential 47 — — 47 Mortgage-commercial 1,059 — — 1,059 Total other real estate owned 1,934 — — 1,934 Total $ 7,062 $ — $ — $ 7,062
Schedule of significant unobservable inputs used in the fair value measurements	For Level 3 assets and liabilities measured at fair value on a non-recurring basis as of June 30, 2018 and December 31, 2017, the significant unobservable inputs used in the fair value measurements were as follows: (Dollars in thousands) Fair Value as of June 30, 2018 Valuation Technique Significant Observable Inputs Significant Unobservable Inputs OREO $ 1,824 Appraisal Value/Comparison Sales/Other estimates Appraisals and or sales of comparable properties Appraisals discounted 6% to 16% for sales commissions and other holding cost Impaired loans $ 4,934 Appraisal Value Appraisals and or sales of comparable properties Appraisals discounted 6% to 16% for sales commissions and other holding cost (Dollars in thousands) Fair Value as of December 31, 2017 Valuation Technique Significant Observable Inputs Significant Unobservable Inputs OREO $ 1,934 Appraisal Value/Comparison Sales/Other estimates Appraisals and or sales of comparable properties Appraisals discounted 6% to 16% for sales commissions and other holding cost Impaired loans $ 5,128 Appraisal Value Appraisals and or sales of comparable properties Appraisals discounted 6% to 16% for sales commissions and other holding cost

DEPOSITS (Tables)

DEPOSITS (Tables)	6 Months Ended
	Jun. 30, 2018
Banking and Thrift [Abstract]
Schedule of Total Deposit Liabilities	The Company’s total deposits are comprised of the following at the dates indicated: June 30, December 31, Dollars in thousands 2018 2017 Non-interest bearing demand deposits $ 239,744 $ 226,546 Interest bearing demand deposits and money market accounts 394,448 364,358 Savings 106,333 104,756 Time deposits 192,843 192,663 Total deposits $ 933,368 $ 888,323

REPORTABLE SEGMENTS (Tables)

REPORTABLE SEGMENTS (Tables)	6 Months Ended
	Jun. 30, 2018
Segment Reporting [Abstract]
Schedule of Reportable Segment	The Company’s reportable segments represent the distinct product lines the Company offers and are viewed separately for strategic planning by management. The Company has four reportable segments: Six months ended June 30, 2018 Commercial Investment (Dollars in thousands) and Retail Mortgage advisory and Banking Banking non-deposit Corporate Eliminations Consolidated Dividend and Interest Income $ 18,731 $ 408 $ — $ 1,831 $ (1,820 ) $ 19,150 Interest expense 1,337 — — 340 — 1,677 Net interest income $ 17,394 $ 408 $ — $ 1,491 $ (1,820 ) $ 17,473 Provision for loan losses 231 — — — — 231 Noninterest income 2,791 1,967 784 — — 5,542 Noninterest expense 13,310 1,577 723 209 — 15,819 Net income before taxes $ 6,644 $ 798 $ 61 $ 1,282 $ (1,820 ) $ 6,965 Income tax provision (benefit) 1,382 — — (127 ) — 1,255 Net income (loss) $ 5,262 $ 798 $ 61 $ 1,409 $ (1,820 ) $ 5,710 Three months ended June 30, 2018 Commercial Investment (Dollars in thousands) and Retail Mortgage advisory and Banking Banking non-deposit Corporate Eliminations Consolidated Dividend and Interest Income $ 9,602 $ 211 $ — $ 922 $ (916 ) $ 9,819 Interest expense 698 — — 182 — 880 Net interest income $ 8,904 $ 211 $ — $ 740 $ (916 ) $ 8,939 Provision for loan losses 29 — — — — 29 Noninterest income 1,494 1,016 401 — — 2,911 Noninterest expense 6,900 823 382 120 — 8,225 Net income before taxes $ 3,469 $ 404 $ 19 $ 620 $ (916 ) $ 3,596 Income tax provision (benefit) 657 — — (62 ) — 595 Net income $ 2,812 $ 404 $ 19 $ 682 $ (916 ) $ 3,001 Six months ended June 30, 2017 Commercial Investment (Dollars in thousands) and Retail Mortgage advisory and Banking Banking non-deposit Corporate Eliminations Consolidated Dividend and Interest Income $ 15,310 $ 178 $ — $ 1,445 $ (1,436 ) $ 15,497 Interest expense 1,114 — — 273 — 1,387 Net interest income $ 14,196 $ 178 $ — $ 1,172 $ (1,436 ) $ 14,110 Provision for loan losses 194 — — — — 194 Noninterest income 2,042 1,918 572 90 — 4,622 Noninterest expense 11,917 1,412 578 183 — 14,090 Net income before taxes $ 4,127 $ 684 $ (6 ) $ 1,079 $ (1,436 ) $ 4,448 Income tax provision (benefit) 1,265 — — (237 ) — 1,028 Net income (loss) $ 2,862 $ 684 $ (6 ) $ 1,316 $ (1,436 ) $ 3,420 Three months ended June 30, 2017 Commercial Investment (Dollars in thousands) and Retail Mortgage advisory and Banking Banking non-deposit Corporate Eliminations Consolidated Dividend and Interest Income $ 7,590 $ 119 $ — $ 679 $ (664 ) 7,724 Interest expense 557 — — 118 — 675 Net interest income $ 7,033 $ 119 $ — $ 561 $ (664 ) $ 7,049 Provision for loan losses 78 — — — — 78 Noninterest income 1,099 1,248 297 — — 2,644 Noninterest expense 6,174 803 260 133 — 7,370 Net income before taxes $ 1,880 $ 564 $ 37 $ 428 $ (664 ) $ 2,245 Income tax provision (benefit) 644 — — (63 ) — 581 Net income $ 1,236 $ 564 $ 37 $ 491 $ (664 ) $ 1,664 Commercial Investment (Dollars in thousands) and Retail Mortgage advisory and Banking Banking non-deposit Corporate Eliminations Consolidated Total Assets as of June 30, 2018 $ 1,072,255 $ 18,975 $ 13 $ 125,282 $ (124,376 ) $ 1,092,149 Total Assets as of December 31, 2017 $ 1,033,483 $ 16,298 $ 19 $ 121,326 $ (120,395 ) $ 1,050,731

MERGERS AND ACQUISTIONS (Tables

MERGERS AND ACQUISTIONS (Tables)	6 Months Ended
	Jun. 30, 2018
Mergers And Acquistions
Schedule of Assets Acquired and Liabilities Assumed - Initial Fair Value Adjustment	The following table presents the assets acquired and liabilities assumed as of October 20, 2017 as recorded by the Company on the acquisition date and initial fair value adjustments. As Recorded by Fair Value As Recorded (Dollars in thousands, except per share data) Cornerstone Adjustments by the Company Assets Cash and cash equivalents $ 30,060 $ — $ 30,060 Investment securities 44,018 (358 )(a) 43,660 Loans 60,835 (734 )(b) 60,101 Premises and equipment 4,164 573 (c) 4,737 Intangible assets — 1,810 (d) 1,810 Bank owned life insurance 2,384 — 2,384 Other assets 3,082 (473 )(e) 2,609 Total assets $ 144,543 $ 818 $ 145,361 Liabilities Deposits: Noninterest-bearing $ 27,296 $ — $ 27,296 Interest-bearing 99,152 150 (f) 99,302 Total deposits 126,448 150 126,598 Securities sold under agreements to repurchase 849 — 849 Other liabilities 320 — 319 Total liabilities 127,617 150 127,766 Net identifiable assets acquired over liabilities assumed 16,926 668 17,594 Goodwill — 9,483 9,483 Net assets acquired over liabilities assumed $ 16,926 $ 10,151 $ 27,077 Consideration: First Community Corporation common shares issued 877,364 Purchase price per share of the Company’s common stock $ 22.05 $ 19,346 Cash exchanged for stock and fractional shares 7,731 Fair value of total consideration transferred $ 27,077 Explanation of fair value adjustments (a)—Adjustment reflects marking the securities portfolio to fair value as of the acquisition date. (b)—Adjustment reflects the fair value adjustments based on the Company’s evaluation of the acquired loan portfolio and excludes the allowance for loan losses recorded by Cornerstone. (c)—Adjustment reflects the fair value adjustments based on the Company’s evaluation of the acquired premises and equipment. (d)—Adjustment reflects the recording of the core deposit intangible on the acquired deposit accounts. (e)—Adjustment reflects the deferred tax adjustment related to fair value adjustments at 34%. (f)—Adjustment reflects the fair value adjustment on interest-bearing deposits.
Schedule of Impact of Merger and Pro Forma Information	The following table presents certain pro forma information as if Cornerstone had been acquired on January 1, 2017. These results combine the historical results of Cornerstone in the Company’s consolidated statement of income and, while certain adjustments were made for the estimated impact of certain fair value adjustments and other acquisition-related activity, they are not indicative of what would have occurred had the acquisition taken place on January 1, 2017 Pro Forma Pro Forma Three Months Six Months (Dollars in thousands) Ended June 30, 2017 Ended June 30, 2017 Total revenues (net interest income plus noninterest income) $ 10,996 $ 21,290 Net income $ 1,638 $ 3,550

EARNINGS PER SHARE (Details)

EARNINGS PER SHARE (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2018	Jun. 30, 2017
Earnings Per Share [Abstract]
Numerator (Included in basic and diluted earnings per share)	$ 3,001	$ 1,664	$ 5,710	$ 3,420
Weighted average common shares outstanding for:
Basic earnings common per share (in shares)	7,573,000	6,634,000	7,575,000	6,641,000
Dilutive securities:
Deferred compensation (in shares)	62,000	54,000	60,000	54,000
Warrants - Treasury stock method (in shares)	91,000	115,000	90,000	118,000
Diluted earnings per share (in shares)	7,726,000	6,803,000	7,725,000	6,813,000
The average market price used in calculating assumed number of shares (in dollars per share)	$ 23.56	$ 20.75	$ 22.76	$ 20.56

EARNINGS PER SHARE (Details Nar

EARNINGS PER SHARE (Details Narrative) - USD ($) $ in Thousands	Dec. 16, 2011	Jun. 30, 2018
Junior Subordinated Debt [Member]
Debt issued	$ 2,500
Warrant [Member]
Warrants issued (in shares)	107,500
Warrants outstanding		97,180

INVESTMENT SECURITIES (Details)

INVESTMENT SECURITIES (Details) - USD ($) $ in Thousands	6 Months Ended	12 Months Ended
	Jun. 30, 2018	Dec. 31, 2017
Schedule of Available-for-sale Securities [Line Items]
Amortized Cost	$ 259,971	$ 265,386
Gross Unrealized Gains	776	1,992
Gross Unrealized Losses	5,234	2,554
Fair Value	255,513	264,824
US Treasury Securities [Member]
Schedule of Available-for-sale Securities [Line Items]
Amortized Cost	7,870	1,529
Gross Unrealized Gains
Gross Unrealized Losses	46	24
Fair Value	7,824	1,505
Government sponsored enterprises [Member]
Schedule of Available-for-sale Securities [Line Items]
Amortized Cost	1,091	1,085
Gross Unrealized Gains	5	24
Gross Unrealized Losses	3
Fair Value	1,093	1,109
Government Sponsored Enterprise mortgage-backed securities [Member]
Schedule of Available-for-sale Securities [Line Items]
Amortized Cost	143,306	145,185
Gross Unrealized Gains	86	285
Gross Unrealized Losses	3,475	1,702
Fair Value	139,917	143,768
Small Business Administration pools [Member]
Schedule of Available-for-sale Securities [Line Items]
Amortized Cost	55,314	61,544
Gross Unrealized Gains	226	374
Gross Unrealized Losses	810	330
Fair Value	54,730	61,588
State and local government [Member]
Schedule of Available-for-sale Securities [Line Items]
Amortized Cost	52,322	55,111
Gross Unrealized Gains	458	1,309
Gross Unrealized Losses	900	416
Fair Value	51,880	56,004
Corporate and other securities [Member]
Schedule of Available-for-sale Securities [Line Items]
Amortized Cost	68	932
Gross Unrealized Gains	1
Gross Unrealized Losses		82
Fair Value	$ 69	$ 850

INVESTMENT SECURITIES (Details

INVESTMENT SECURITIES (Details 2) - USD ($) $ in Thousands	6 Months Ended	12 Months Ended
	Jun. 30, 2018	Dec. 31, 2017
Schedule of Trading Securities and Other Trading Assets [Line Items]
Amortized Cost	$ 16,261	$ 17,012
Gross Unrealized Gains	52	223
Gross Unrealized Losses	101	15
Fair Value	16,212	17,220
State and local government [Member]
Schedule of Trading Securities and Other Trading Assets [Line Items]
Amortized Cost	16,261	17,012
Gross Unrealized Gains	52	223
Gross Unrealized Losses	101	15
Fair Value	$ 16,212	$ 17,220

INVESTMENT SECURITIES (Detail30

INVESTMENT SECURITIES (Details 3) - USD ($) $ in Thousands	6 Months Ended	12 Months Ended
	Jun. 30, 2018	Dec. 31, 2017
Available-for-sale securities
Less Than 12 Months, Fair Value	$ 122,931	$ 71,623
Less Than 12 Months, Unrealized Losses	2,150	599
12 Months Or Longer, Fair Value	70,932	77,667
12 Months Or Longer, Unrealized Losses	3,084	1,955
Total Fair Value	193,863	149,290
Total Unrealized Losses	5,234	2,554
US Treasury Securities [Member]
Available-for-sale securities
Less Than 12 Months, Fair Value	6,342
Less Than 12 Months, Unrealized Losses	4
12 Months Or Longer, Fair Value	1,482	1,505
12 Months Or Longer, Unrealized Losses	42	24
Total Fair Value	7,824	1,505
Total Unrealized Losses	46	24
Government sponsored enterprises [Member]
Available-for-sale securities
Less Than 12 Months, Fair Value	122
Less Than 12 Months, Unrealized Losses	3
12 Months Or Longer, Fair Value
12 Months Or Longer, Unrealized Losses
Total Fair Value	122
Total Unrealized Losses	3
Government Sponsored Enterprise mortgage-backed securities [Member]
Available-for-sale securities
Less Than 12 Months, Fair Value	81,744	50,377
Less Than 12 Months, Unrealized Losses	1,607	420
12 Months Or Longer, Fair Value	42,131	46,071
12 Months Or Longer, Unrealized Losses	1,868	1,282
Total Fair Value	123,875	96,448
Total Unrealized Losses	3,475	1,702
Small Business Administration pools [Member]
Available-for-sale securities
Less Than 12 Months, Fair Value	22,305	17,607
Less Than 12 Months, Unrealized Losses	376	164
12 Months Or Longer, Fair Value	14,767	16,311
12 Months Or Longer, Unrealized Losses	434	166
Total Fair Value	37,072	33,918
Total Unrealized Losses	810	330
State and local government [Member]
Available-for-sale securities
Less Than 12 Months, Fair Value	12,418	3,639
Less Than 12 Months, Unrealized Losses	160	15
12 Months Or Longer, Fair Value	12,552	12,990
12 Months Or Longer, Unrealized Losses	740	401
Total Fair Value	24,970	16,629
Total Unrealized Losses	900	416
Held-to-maturity debt securities
Less Than 12 Months, Fair Value	10,605	2,899
Less Than 12 Months, Unrealized Losses	101	15
12 Months Or Longer, Fair Value
12 Months Or Longer, Unrealized Losses
Total Fair Value	10,605	2,899
Total Unrealized Losses	$ 101	15
Corporate and other securities [Member]
Available-for-sale securities
Less Than 12 Months, Fair Value
Less Than 12 Months, Unrealized Losses
12 Months Or Longer, Fair Value		790
12 Months Or Longer, Unrealized Losses		82
Total Fair Value		790
Total Unrealized Losses		$ 82

INVESTMENT SECURITIES (Detail31

INVESTMENT SECURITIES (Details 4) - USD ($) $ in Thousands	Jun. 30, 2018	Dec. 31, 2017
Available-for-sale, Amortized Cost
Due in one year or less	$ 13,014
Due after one year through five years	149,787
Due after five years through ten years	84,661
Due after ten years	12,509
Total	259,971
Available-for-sale, Fair Value
Due in one year or less	13,014
Due after one year through five years	147,491
Due after five years through ten years	82,532
Due after ten years	12,476
Total	255,513
Held To Maturity Securities, Amortized Cost
Due in one year or less
Due after one year through five years	8,247
Due after five years through ten years	8,014
Due after ten years
Total	16,261	$ 17,012
Held To Maturity Securities, Fair value
Due in one year or less
Due after one year through five years	8,231
Due after five years through ten years	7,981
Due after ten years
Total	$ 16,212	$ 17,220

INVESTMENT SECURITIES (Detail32

INVESTMENT SECURITIES (Details Narrative) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2018	Jun. 30, 2017	Dec. 31, 2017
Proceeds from sale of investment securities available-for-sale	$ 14,300	$ 8,200	$ 19,884	$ 10,570
Gross realized gains	207	173	241	247
Gross realized losses	113	$ 2	251	$ 21
Amortized Cost	259,971		259,971
Fair Value	255,513		255,513
FHLB Stock	956		956		$ 1,600
Mutual Funds [Member]
Fair Value	9		9		790
Foreign Corporate Debt Securities [Member]
Fair Value	60		60		60
Corporate Bond Securities [Member]
Fair Value	$ 1,000		$ 1,000		$ 1,000

LOANS (Details)

LOANS (Details) - USD ($) $ in Thousands	Jun. 30, 2018	Dec. 31, 2017	Jun. 30, 2017
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans	$ 684,333	$ 646,805	$ 553,420
Commercial Financial and Agricultural Loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans	47,853	51,040	41,893
Real Estate Construction Loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans	55,479	45,401	34,526
Real estate Mortgage-residential [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans	50,190	46,901	45,012
Real estate Mortgage-commercial [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans	486,107	460,276	394,454
Consumer Home Equity Line of Credit [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans	32,319	32,451	30,091
Consumer Other Financing Receivable [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans	$ 12,385	$ 10,736	$ 7,444

LOANS (Details 2)

LOANS (Details 2) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended		12 Months Ended
	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2018	Jun. 30, 2017	Dec. 31, 2017
Activity in the allowance for loan losses
Balance at the beginning of the period	$ 5,986	$ 5,368	$ 5,797	$ 5,214	$ 5,214
Charge-offs	(38)	(17)	(86)	(68)	(173)
Recoveries	110	61	145	150	226
Provisions	29	78	231	194	530
Balance at end of the period	6,087	5,490	6,087	5,490	5,797
Allowance for loan losses
Individually evaluated for impairment	15	25	15	25	27
Collectively evaluated for impairment	6,072	5,465	6,072	5,465	5,770
Loans receivable:
Ending balance-total	684,333	553,420	684,333	553,420	646,805
Individually evaluated for impairment	4,949	4,763	4,949	4,763	5,155
Collectively evaluated for impairment	679,384	548,655	679,384	548,655	641,650
Commercial Financial and Agricultural Loans [Member]
Activity in the allowance for loan losses
Balance at the beginning of the period	210	140	221	145	145
Charge-offs					(5)
Recoveries	3	1	3	3	5
Provisions	59	28	48	21	76
Balance at end of the period	272	169	272	169	221
Allowance for loan losses
Individually evaluated for impairment
Collectively evaluated for impairment	272	169	272	169	221
Loans receivable:
Ending balance-total	47,853	41,893	47,853	41,893	51,040
Individually evaluated for impairment
Collectively evaluated for impairment	47,853	41,893	47,853	41,893	51,040
Real Estate Construction Loans [Member]
Activity in the allowance for loan losses
Balance at the beginning of the period	98	71	101	104	104
Charge-offs
Recoveries
Provisions	14	5	11	(28)	(3)
Balance at end of the period	112	76	112	76	101
Allowance for loan losses
Individually evaluated for impairment
Collectively evaluated for impairment	112	76	112	76	101
Loans receivable:
Ending balance-total	55,479	34,526	55,479	34,526	45,401
Individually evaluated for impairment
Collectively evaluated for impairment	55,479	34,526	55,479	34,526	45,401
Real estate Mortgage-residential [Member]
Activity in the allowance for loan losses
Balance at the beginning of the period	716	398	461	438	438
Charge-offs			(1)
Recoveries	2	1	2	2	5
Provisions	(46)	(46)	210	(87)	18
Balance at end of the period	672	353	672	353	461
Allowance for loan losses
Individually evaluated for impairment	1	2	1	2	2
Collectively evaluated for impairment	671	351	671	351	459
Loans receivable:
Ending balance-total	50,190	45,012	50,190	45,012	46,901
Individually evaluated for impairment	424	434	424	434	413
Collectively evaluated for impairment	49,766	44,578	49,766	44,578	46,488
Real estate Mortgage-commercial [Member]
Activity in the allowance for loan losses
Balance at the beginning of the period	3,117	2,858	3,077	2,793	2,793
Charge-offs				(24)	(30)
Recoveries	87	32	114	113	172
Provisions	(586)	(45)	(573)	(37)	142
Balance at end of the period	2,618	2,845	2,618	2,845	3,077
Allowance for loan losses
Individually evaluated for impairment	14	23	14	23	25
Collectively evaluated for impairment	2,604	2,822	2,604	2,822	3,052
Loans receivable:
Ending balance-total	486,107	394,454	486,107	394,454	460,276
Individually evaluated for impairment	4,464	4,275	4,464	4,275	4,742
Collectively evaluated for impairment	481,643	390,179	481,643	390,179	455,534
Consumer Home Equity Line of Credit [Member]
Activity in the allowance for loan losses
Balance at the beginning of the period	479	163	308	153	153
Charge-offs					(7)
Recoveries	5	23	5	24	24
Provisions	545	10	716	19	138
Balance at end of the period	1,029	196	1,029	196	308
Allowance for loan losses
Individually evaluated for impairment
Collectively evaluated for impairment	1,029	196	1,029	196	308
Loans receivable:
Ending balance-total	32,319	30,091	32,319	30,091	32,451
Individually evaluated for impairment	61	56	61	56
Collectively evaluated for impairment	32,258	30,035	32,258	30,035	32,451
Consumer Other Financing Receivable [Member]
Activity in the allowance for loan losses
Balance at the beginning of the period	63	159	35	127	127
Charge-offs	(38)	(17)	(85)	(44)	(131)
Recoveries	13	4	21	8	20
Provisions	75	(122)	142	(67)	19
Balance at end of the period	113	24	113	24	35
Allowance for loan losses
Individually evaluated for impairment
Collectively evaluated for impairment	113	24	113	24	35
Loans receivable:
Ending balance-total	12,385	7,444	12,385	7,444	10,736
Individually evaluated for impairment
Collectively evaluated for impairment	12,385	7,444	12,385	7,444	10,736
Unallocated Financing Receivables [Member]
Activity in the allowance for loan losses
Balance at the beginning of the period	1,303	1,579	1,594	1,454	1,454
Charge-offs
Recoveries
Provisions	(32)	248	(323)	373	140
Balance at end of the period	1,271	1,827	1,271	1,827	1,594
Allowance for loan losses
Individually evaluated for impairment
Collectively evaluated for impairment	1,271	1,827	1,271	1,827	1,594
Loans receivable:
Ending balance-total
Individually evaluated for impairment
Collectively evaluated for impairment

LOANS (Details 3)

LOANS (Details 3) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended		12 Months Ended
	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2018	Jun. 30, 2017	Dec. 31, 2017	Mar. 31, 2017
Loans and Leases Receivable, Related Parties [Roll Forward]
Balance, beginning of year			$ 5,549	$ 6,103	$ 6,103
New Loans			1,778	87
Less loan repayments			936	754
Balance, end of year	$ 6,391	$ 5,436	6,391	5,436	5,549
Loans considered impaired for which there is a related allowance for loan loss:
Total loans considered impaired at year end	4,949		4,949		5,155	$ 4,765
Outstanding loan balance	1,819		1,819		1,699
Related allowance	15		15		27	$ 25
Loans considered impaired and previously written down to fair value	3,130		3,130		3,485
Average impaired loans	5,148	4,747	5,029	4,746	5,513
Amount of interest earned during period of impairment	$ 115	$ 49	$ 200	$ 201	$ 132

LOANS (Details 4)

LOANS (Details 4) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended		12 Months Ended
	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2018	Jun. 30, 2017	Dec. 31, 2017	Mar. 31, 2017
With no allowance recorded:
Recorded Investment	$ 3,130		$ 3,130		$ 3,485
With an allowance recorded:
Recorded Investment	1,819		1,819		1,699
Related allowance	15		15		27	$ 25
Total:
Recorded Investment	4,949		4,949		5,155	4,765
Unpaid Principal Balance	7,806		7,806		8,706	$ 7,797
Average Recorded Investment	5,148	$ 4,747	5,029	$ 4,746	5,513
Interest Income Recognized	115	49	200	201	132
Commercial Financial and Agricultural Loans [Member]
With no allowance recorded:
Recorded Investment
Unpaid Principal Balance
Average Recorded Investment
Interest Income Recognized
With an allowance recorded:
Recorded Investment
Unpaid Principal Balance
Related allowance
Average Recorded Investment
Interest Income Recognized
Total:
Recorded Investment
Unpaid Principal Balance
Average Recorded Investment
Interest Income Recognized
Real Estate Construction Loans [Member]
With no allowance recorded:
Recorded Investment
Unpaid Principal Balance
Average Recorded Investment
Interest Income Recognized
With an allowance recorded:
Recorded Investment
Unpaid Principal Balance
Related allowance
Average Recorded Investment
Interest Income Recognized
Total:
Recorded Investment
Unpaid Principal Balance
Average Recorded Investment
Interest Income Recognized
Real estate Mortgage-residential [Member]
With no allowance recorded:
Recorded Investment	384	390	384	390	371
Unpaid Principal Balance	463	449	463	449	437
Average Recorded Investment	383	389	385	390	399
Interest Income Recognized	9	6	14	7
With an allowance recorded:
Recorded Investment	40	44	40	44	42
Unpaid Principal Balance	40	44	40	44	42
Related allowance	1	2	1	2	2
Average Recorded Investment	40	44	41	44	43
Interest Income Recognized	1	1	1	1	2
Total:
Recorded Investment	424	434	424	434	413
Unpaid Principal Balance	503	493	503	493	479
Average Recorded Investment	423	433	426	434	442
Interest Income Recognized	10	7	15	8	2
Real estate Mortgage-commercial [Member]
With no allowance recorded:
Recorded Investment	2,514	2,584	2,514	2,584	3,087
Unpaid Principal Balance	5,292	5,123	5,292	5,123	5,966
Average Recorded Investment	2,716	2,575	2,555	2,583	3,420
Interest Income Recognized	71	20	118	105	13
With an allowance recorded:
Recorded Investment	1,950	1,691	1,950	1,691	1,655
Unpaid Principal Balance	1,950	2,124	1,950	2,124	2,261
Related allowance	14	23	14	23	25
Average Recorded Investment	1,950	1,683	1,987	1,673	1,652
Interest Income Recognized	33	22	66	88	117
Total:
Recorded Investment	4,464	4,275	4,464	4,275	4,742
Unpaid Principal Balance	7,242	7,247	7,242	7,247	8,227
Average Recorded Investment	4,666	4,258	4,541	4,256	5,072
Interest Income Recognized	104	42	184	193	130
Consumer Home Equity Line of Credit [Member]
With no allowance recorded:
Recorded Investment	61	56	61	56
Unpaid Principal Balance	61	57	61	57
Average Recorded Investment	59	56	62	56
Interest Income Recognized	1		1
With an allowance recorded:
Recorded Investment
Unpaid Principal Balance
Related allowance
Average Recorded Investment
Interest Income Recognized
Total:
Recorded Investment	61	56	61	56
Unpaid Principal Balance	61	57	61	57
Average Recorded Investment	59	56	62	56
Interest Income Recognized	1		1
Consumer Other Financing Receivable [Member]
With no allowance recorded:
Recorded Investment
Unpaid Principal Balance
Average Recorded Investment
Interest Income Recognized
With an allowance recorded:
Recorded Investment
Unpaid Principal Balance
Related allowance
Average Recorded Investment
Interest Income Recognized
Total:
Recorded Investment
Unpaid Principal Balance
Average Recorded Investment
Interest Income Recognized

LOANS (Details 5)

LOANS (Details 5) - USD ($) $ in Thousands	Jun. 30, 2018	Dec. 31, 2017	Jun. 30, 2017
Loans	$ 684,333	$ 646,805	$ 553,420
Commercial Financial and Agricultural Loans [Member]
Loans	47,853	51,040	41,893
Real Estate Construction Loans [Member]
Loans	55,479	45,401	34,526
Real estate Mortgage-residential [Member]
Loans	50,190	46,901	45,012
Real estate Mortgage-commercial [Member]
Loans	486,107	460,276	394,454
Consumer Home Equity Line of Credit [Member]
Loans	32,319	32,451	30,091
Consumer Other Financing Receivable [Member]
Loans	12,385	10,736	$ 7,444
Pass [Member]
Loans	671,199	629,304
Pass [Member] | Commercial Financial and Agricultural Loans [Member]
Loans	47,473	50,680
Pass [Member] | Real Estate Construction Loans [Member]
Loans	55,479	45,401
Pass [Member] | Real estate Mortgage-residential [Member]
Loans	48,437	45,343
Pass [Member] | Real estate Mortgage-commercial [Member]
Loans	477,022	446,531
Pass [Member] | Consumer Home Equity Line of Credit [Member]
Loans	30,403	30,618
Pass [Member] | Consumer Other Financing Receivable [Member]
Loans	12,385	10,731
Special Mention [Member]
Loans	7,212	10,121
Special Mention [Member] | Commercial Financial and Agricultural Loans [Member]
Loans	188	179
Special Mention [Member] | Real Estate Construction Loans [Member]
Loans
Special Mention [Member] | Real estate Mortgage-residential [Member]
Loans	882	720
Special Mention [Member] | Real estate Mortgage-commercial [Member]
Loans	4,608	7,698
Special Mention [Member] | Consumer Home Equity Line of Credit [Member]
Loans	1,534	1,524
Special Mention [Member] | Consumer Other Financing Receivable [Member]
Loans
Substandard [Member]
Loans	5,922	7,380
Substandard [Member] | Commercial Financial and Agricultural Loans [Member]
Loans	192	181
Substandard [Member] | Real Estate Construction Loans [Member]
Loans
Substandard [Member] | Real estate Mortgage-residential [Member]
Loans	871	838
Substandard [Member] | Real estate Mortgage-commercial [Member]
Loans	4,477	6,047
Substandard [Member] | Consumer Home Equity Line of Credit [Member]
Loans	382	309
Substandard [Member] | Consumer Other Financing Receivable [Member]
Loans		5
Doubtful [Member]
Loans
Doubtful [Member] | Commercial Financial and Agricultural Loans [Member]
Loans
Doubtful [Member] | Real Estate Construction Loans [Member]
Loans
Doubtful [Member] | Real estate Mortgage-residential [Member]
Loans
Doubtful [Member] | Real estate Mortgage-commercial [Member]
Loans
Doubtful [Member] | Consumer Home Equity Line of Credit [Member]
Loans
Doubtful [Member] | Consumer Other Financing Receivable [Member]
Loans

LOANS (Details 6)

LOANS (Details 6) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2018	Jun. 30, 2017
Disclosure Loans Details 9Abstract
Accretable yield, beginning of period	$ 12	$ 56	$ 22	$ 34
Accretion	(14)	(6)	(24)	(28)
Reclassification of nonaccretable difference due to improvement in expected cash flows				44
Accretable yield, end of period	$ (2)	$ 50	$ (2)	$ 50

LOANS (Details 7)

LOANS (Details 7) - USD ($) $ in Thousands	Jun. 30, 2018	Dec. 31, 2017	Jun. 30, 2017
Financing Receivable, Recorded Investment, Past Due [Line Items]
30-59 Days Past Due	$ 1,273	$ 1,231
60-89 Days Past Due	3	907
Greater than 90 Days and Accruing	959	32
Nonaccrual	2,958	3,342
Total Past Due	5,193	5,512
Current	679,140	641,293
Total Loans	684,333	646,805	$ 553,420
Commercial Financial and Agricultural Loans [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
30-59 Days Past Due	76	26
60-89 Days Past Due
Greater than 90 Days and Accruing		32
Nonaccrual
Total Past Due	76	58
Current	47,777	50,982
Total Loans	47,853	51,040	41,893
Real Estate Construction Loans [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
30-59 Days Past Due	24
60-89 Days Past Due
Greater than 90 Days and Accruing	959
Nonaccrual
Total Past Due	983
Current	54,496	45,401
Total Loans	55,479	45,401	34,526
Real estate Mortgage-residential [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
30-59 Days Past Due	166	109
60-89 Days Past Due		38
Greater than 90 Days and Accruing
Nonaccrual	383	371
Total Past Due	549	518
Current	49,641	46,383
Total Loans	50,190	46,901	45,012
Real estate Mortgage-commercial [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
30-59 Days Past Due	540	290
60-89 Days Past Due		828
Greater than 90 Days and Accruing
Nonaccrual	2,514	2,971
Total Past Due	3,054	4,089
Current	483,053	456,187
Total Loans	486,107	460,276	394,454
Consumer Home Equity Line of Credit [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
30-59 Days Past Due	351	805
60-89 Days Past Due		36
Greater than 90 Days and Accruing
Nonaccrual	61
Total Past Due	412	841
Current	31,907	31,610
Total Loans	32,319	32,451	30,091
Consumer Other Financing Receivable [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
30-59 Days Past Due	116	1
60-89 Days Past Due	3	5
Greater than 90 Days and Accruing
Nonaccrual
Total Past Due	119	6
Current	12,266	10,730
Total Loans	$ 12,385	$ 10,736	$ 7,444

LOANS (Details Narrative)

LOANS (Details Narrative) - USD ($) $ in Thousands	Jun. 30, 2018	Dec. 31, 2017
Receivables [Abstract]
Non-accrual loans	$ 2,958	$ 3,342
Troubled debt restructurings	1,800	1,800
TDRs in non-accrual status	1,100	1,200
Loans greater than ninety days delinquent and still accruing interest	$ 959	$ 32

FAIR VALUE MEASUREMENT (Details

FAIR VALUE MEASUREMENT (Details) - USD ($) $ in Thousands	Jun. 30, 2018	Dec. 31, 2017
Financial Assets:
Held-to-maturity securities	$ 16,212	$ 17,220
Available-for-sale securities	255,513	264,824
Other investments, at cost	1,956	2,559
Financial liabilities:
Non-interest bearing demand	239,744	226,546
Interest bearing demand deposits and money market accounts	394,448	364,358
Savings	106,333	104,756
Time deposits	192,843	192,663
Fair Value, Inputs, Level 1 [Member]
Financial Assets:
Cash and short term investments	44,945	30,591
Held-to-maturity securities
Available-for-sale securities	9	790
Other investments, at cost
Loans held for sale
Net loans receivable
Accrued interest	3,374	3,489
Financial liabilities:
Non-interest bearing demand
Interest bearing demand deposits and money market accounts
Savings
Time deposits
Total deposits
Federal Home Loan Bank Advances
Short term borrowings
Junior subordinated debentures
Accrued interest payable	650	562
Fair Value, Inputs, Level 2 [Member]
Financial Assets:
Cash and short term investments
Held-to-maturity securities	16,212	17,220
Available-for-sale securities	255,504	264,034
Other investments, at cost
Loans held for sale	6,969	5,093
Net loans receivable		634,361
Accrued interest
Financial liabilities:
Non-interest bearing demand	239,744	226,546
Interest bearing demand deposits and money market accounts	394,449	364,358
Savings	106,333	104,756
Time deposits	193,267	192,186
Total deposits	933,793	887,846
Federal Home Loan Bank Advances	241	14,248
Short term borrowings	28,203	19,270
Junior subordinated debentures	12,157	15,025
Accrued interest payable
Fair Value, Inputs, Level 3 [Member]
Financial Assets:
Cash and short term investments
Held-to-maturity securities
Available-for-sale securities
Other investments, at cost	1,956	2,559
Loans held for sale
Net loans receivable	668,620	5,128
Accrued interest
Financial liabilities:
Non-interest bearing demand
Interest bearing demand deposits and money market accounts
Savings
Time deposits
Total deposits
Federal Home Loan Bank Advances
Short term borrowings
Junior subordinated debentures
Accrued interest payable
Carrying (Reported) Amount, Fair Value Disclosure [Member]
Financial Assets:
Cash and short term investments	44,945	30,591
Held-to-maturity securities	16,261	17,012
Available-for-sale securities	255,513	264,824
Other investments, at cost	1,956	2,559
Loans held for sale	6,969	5,093
Net loans receivable	678,246	641,008
Accrued interest	3,374	3,489
Financial liabilities:
Non-interest bearing demand	239,744	226,546
Interest bearing demand deposits and money market accounts	394,449	364,358
Savings	106,333	104,756
Time deposits	192,842	192,663
Total deposits	933,368	888,323
Federal Home Loan Bank Advances	241	14,250
Short term borrowings	28,203	19,270
Junior subordinated debentures	14,964	14,964
Accrued interest payable	650	562
Estimate of Fair Value, Fair Value Disclosure [Member]
Financial Assets:
Cash and short term investments	44,945	30,591
Held-to-maturity securities	16,212	17,220
Available-for-sale securities	255,513	264,824
Other investments, at cost	1,956	2,559
Loans held for sale	6,969	5,093
Net loans receivable	668,620	639,489
Accrued interest	3,374	3,489
Financial liabilities:
Non-interest bearing demand	239,744	226,546
Interest bearing demand deposits and money market accounts	394,449	364,358
Savings	106,333	104,756
Time deposits	193,267	192,186
Total deposits	933,793	887,846
Federal Home Loan Bank Advances	241	14,248
Short term borrowings	28,203	19,270
Junior subordinated debentures	12,157	15,025
Accrued interest payable	$ 650	$ 562

FAIR VALUE MEASUREMENT (Detai42

FAIR VALUE MEASUREMENT (Details 2) - USD ($) $ in Thousands	Jun. 30, 2018	Dec. 31, 2017
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investment securities available-for-sale	$ 255,513	$ 264,824
Loans held for sale	6,969	5,093
Estimate of Fair Value, Fair Value Disclosure [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investment securities available-for-sale	255,513	264,824
US Treasury Securities [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investment securities available-for-sale	7,824	1,505
Government sponsored enterprises [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investment securities available-for-sale	1,093	1,109
Small Business Administration pools [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investment securities available-for-sale	54,730	61,588
State and local government [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investment securities available-for-sale	51,880	56,004
Corporate and other securities [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investment securities available-for-sale	69	850
Fair Value, Measurements, Recurring [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investment securities available-for-sale	255,513	264,824
Loans held for sale	6,969	5,093
Total Available for sale securities and Loans held for Sale	262,482	269,917
Fair Value, Measurements, Recurring [Member] | US Treasury Securities [Member] | Estimate of Fair Value, Fair Value Disclosure [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investment securities available-for-sale	7,824	1,505
Fair Value, Measurements, Recurring [Member] | Government sponsored enterprises [Member] | Estimate of Fair Value, Fair Value Disclosure [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investment securities available-for-sale	1,093	1,109
Fair Value, Measurements, Recurring [Member] | Mortgage-backed securities [Member] | Estimate of Fair Value, Fair Value Disclosure [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investment securities available-for-sale	139,917	143,768
Fair Value, Measurements, Recurring [Member] | Small Business Administration pools [Member] | Estimate of Fair Value, Fair Value Disclosure [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investment securities available-for-sale	54,730	61,588
Fair Value, Measurements, Recurring [Member] | State and local government [Member] | Estimate of Fair Value, Fair Value Disclosure [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investment securities available-for-sale	51,880	56,004
Fair Value, Measurements, Recurring [Member] | Corporate and other securities [Member] | Estimate of Fair Value, Fair Value Disclosure [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investment securities available-for-sale	69	850
Fair Value, Inputs, Level 1 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investment securities available-for-sale	9	790
Fair Value, Inputs, Level 1 [Member] | Fair Value, Measurements, Recurring [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investment securities available-for-sale	9	790
Loans held for sale
Total Available for sale securities and Loans held for Sale	9	790
Fair Value, Inputs, Level 1 [Member] | Fair Value, Measurements, Recurring [Member] | Corporate and other securities [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investment securities available-for-sale	9	790
Fair Value, Inputs, Level 2 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investment securities available-for-sale	255,504	264,034
Fair Value, Inputs, Level 2 [Member] | Fair Value, Measurements, Recurring [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investment securities available-for-sale	255,504	264,034
Loans held for sale	6,969	5,093
Total Available for sale securities and Loans held for Sale	262,482	269,127
Fair Value, Inputs, Level 2 [Member] | Fair Value, Measurements, Recurring [Member] | US Treasury Securities [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investment securities available-for-sale	7,824	1,505
Fair Value, Inputs, Level 2 [Member] | Fair Value, Measurements, Recurring [Member] | Government sponsored enterprises [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investment securities available-for-sale	1,093	1,109
Fair Value, Inputs, Level 2 [Member] | Fair Value, Measurements, Recurring [Member] | Mortgage-backed securities [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investment securities available-for-sale	139,917	143,768
Fair Value, Inputs, Level 2 [Member] | Fair Value, Measurements, Recurring [Member] | Small Business Administration pools [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investment securities available-for-sale	54,730	61,588
Fair Value, Inputs, Level 2 [Member] | Fair Value, Measurements, Recurring [Member] | State and local government [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investment securities available-for-sale	51,880	56,004
Fair Value, Inputs, Level 2 [Member] | Fair Value, Measurements, Recurring [Member] | Corporate and other securities [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investment securities available-for-sale	60	60
Fair Value, Inputs, Level 3 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investment securities available-for-sale
Fair Value, Inputs, Level 3 [Member] | Fair Value, Measurements, Recurring [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investment securities available-for-sale
Loans held for sale
Total Available for sale securities and Loans held for Sale
Fair Value, Inputs, Level 3 [Member] | Fair Value, Measurements, Recurring [Member] | Corporate and other securities [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investment securities available-for-sale	$ 60

FAIR VALUE MEASUREMENT (Detai43

FAIR VALUE MEASUREMENT (Details 3) - Corporate Preferred Stock [Member] $ in Thousands	6 Months Ended
	Jun. 30, 2018USD ($)
Reconciliation of changes in level 3 financial instruments
Balance at the beginning of the period	$ 1,000
Total gains or losses (realized/unrealized)
Included in earnings
Included in other comprehensive income
Purchases, issuances, and settlements
Transfers in and/or out of Level 3	(1,000)
Balance at the end of the period

FAIR VALUE MEASUREMENT (Detai44

FAIR VALUE MEASUREMENT (Details 4) - USD ($) $ in Thousands	Jun. 30, 2018	Dec. 31, 2017	Mar. 31, 2017
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total impaired loans	$ 4,949	$ 5,155	$ 4,765
Total other real estate owned	1,824	1,934
Fair Value, Measurements, Nonrecurring [Member] | Fair Value, Inputs, Level 3 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total impaired loans	4,934	5,128
Total other real estate owned	1,824	1,934
Total	6,758	7,062
Estimate of Fair Value, Fair Value Disclosure [Member] | Fair Value, Measurements, Nonrecurring [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total impaired loans	4,934	5,128
Total other real estate owned	1,824	1,934
Total	6,758	7,062
Commercial and Industrial Loans Receivable [Member] | Fair Value, Measurements, Nonrecurring [Member] | Fair Value, Inputs, Level 3 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total impaired loans
Commercial and Industrial Loans Receivable [Member] | Estimate of Fair Value, Fair Value Disclosure [Member] | Fair Value, Measurements, Nonrecurring [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total impaired loans
Real Estate Construction Loans [Member] | Fair Value, Measurements, Nonrecurring [Member] | Fair Value, Inputs, Level 3 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total other real estate owned	828	828
Real Estate Construction Loans [Member] | Estimate of Fair Value, Fair Value Disclosure [Member] | Fair Value, Measurements, Nonrecurring [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total other real estate owned	828	828
Real estate Mortgage-residential [Member] | Fair Value, Measurements, Nonrecurring [Member] | Fair Value, Inputs, Level 3 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total impaired loans	423	411
Total other real estate owned		47
Real estate Mortgage-residential [Member] | Estimate of Fair Value, Fair Value Disclosure [Member] | Fair Value, Measurements, Nonrecurring [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total impaired loans	423	411
Total other real estate owned		47
Real estate Mortgage-commercial [Member] | Fair Value, Measurements, Nonrecurring [Member] | Fair Value, Inputs, Level 3 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total impaired loans	4,450	4,717
Total other real estate owned	996	1,059
Real estate Mortgage-commercial [Member] | Estimate of Fair Value, Fair Value Disclosure [Member] | Fair Value, Measurements, Nonrecurring [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total impaired loans	4,450	4,717
Total other real estate owned	996	1,059
Consumer Home Equity Line of Credit [Member] | Fair Value, Measurements, Nonrecurring [Member] | Fair Value, Inputs, Level 3 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total impaired loans	61
Consumer Home Equity Line of Credit [Member] | Estimate of Fair Value, Fair Value Disclosure [Member] | Fair Value, Measurements, Nonrecurring [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total impaired loans	61
Real estate Mortgage-commercial [Member] | Fair Value, Measurements, Nonrecurring [Member] | Fair Value, Inputs, Level 3 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total impaired loans
Real estate Mortgage-commercial [Member] | Estimate of Fair Value, Fair Value Disclosure [Member] | Fair Value, Measurements, Nonrecurring [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total impaired loans

FAIR VALUE MEASUREMENT (Detai45

FAIR VALUE MEASUREMENT (Details 5) - USD ($) $ in Thousands	6 Months Ended	12 Months Ended
	Jun. 30, 2018	Dec. 31, 2017	Mar. 31, 2017
Fair Value Inputs, Assets, Quantitative Information [Line Items]
OREO	$ 1,824	$ 1,934
Total impaired loans	4,949	5,155	$ 4,765
Other Real Estate Owned [Member] | Fair Value, Inputs, Level 3 [Member] | Appraisal Value Comparison Sales Other Estimates Valuation Technique [Member]
Fair Value Inputs, Assets, Quantitative Information [Line Items]
OREO	$ 1,824	$ 1,934
Other Real Estate Owned [Member] | Fair Value, Inputs, Level 3 [Member] | Minimum [Member] | Appraisal Value Comparison Sales Other Estimates Valuation Technique [Member]
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Rate (as a percent)	6.00%	6.00%
Other Real Estate Owned [Member] | Fair Value, Inputs, Level 3 [Member] | Maximum [Member] | Appraisal Value Comparison Sales Other Estimates Valuation Technique [Member]
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Rate (as a percent)	16.00%	16.00%
Impaired Loans [Member] | Fair Value, Inputs, Level 3 [Member] | Appraisal Value Discounted Cash Flows Valuation Technique [Member]
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Total impaired loans	$ 4,934	$ 5,128
Impaired Loans [Member] | Fair Value, Inputs, Level 3 [Member] | Minimum [Member] | Appraisal Value Discounted Cash Flows Valuation Technique [Member]
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Rate (as a percent)	6.00%	6.00%
Impaired Loans [Member] | Fair Value, Inputs, Level 3 [Member] | Maximum [Member] | Appraisal Value Discounted Cash Flows Valuation Technique [Member]
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Rate (as a percent)	16.00%	16.00%

DEPOSITS (Details)

DEPOSITS (Details) - USD ($) $ in Thousands	Jun. 30, 2018	Dec. 31, 2017
Disclosure Deposits Details Abstract
Non-interest bearing demand deposits	$ 239,744	$ 226,546
NOW and money market accounts	394,448	364,358
Savings	106,333	104,756
Time deposits	192,843	192,663
Total deposits	933,368	888,323
Time deposits FDIC insurance limit of $250 thousand	$ 37,500	$ 38,400

REPORTABLE SEGMENTS (Details)

REPORTABLE SEGMENTS (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended		12 Months Ended
	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2018	Jun. 30, 2017	Dec. 31, 2017
Dividend and Interest Income	$ 9,819	$ 7,724	$ 19,150	$ 15,497
Interest expense	880	675	1,677	1,387
Net interest income	8,939	7,049	17,473	14,110
Provision for loan losses	29	78	231	194	$ 530
Noninterest income	2,911	2,644	5,542	4,622
Noninterest expense	8,225	7,370	15,819	14,090
Net income before taxes	3,596	2,245	6,965	4,448
Income tax benefit	595	581	1,255	1,028
Net income (loss)	3,001	1,664	5,710	3,420
Total assets	1,092,149		1,092,149		1,050,731
Commercial And Retail Banking [Member]
Dividend and Interest Income	9,602	7,590	18,731	15,310
Interest expense	698	557	1,337	1,114
Net interest income	8,904	7,033	17,394	14,196
Provision for loan losses	29	78	231	194
Noninterest income	1,494	1,099	2,791	2,042
Noninterest expense	6,900	6,174	13,310	11,917
Net income before taxes	3,469	1,880	6,644	4,127
Income tax benefit	657	644	1,382	1,265
Net income (loss)	2,812	1,236	5,262	2,862
Total assets	1,072,255		1,072,255		1,033,483
Mortgage Banking [Member]
Dividend and Interest Income	211	119	408	178
Interest expense
Net interest income	211	119	408	178
Provision for loan losses
Noninterest income	1,016	1,248	1,967	1,918
Noninterest expense	823	803	1,577	1,412
Net income before taxes	404	564	798	684
Income tax benefit
Net income (loss)	404	564	798	684
Total assets	18,975		18,975		16,298
Investment Advisory And Non Deposit [Member]
Dividend and Interest Income
Interest expense
Net interest income
Provision for loan losses
Noninterest income	401	297	784	572
Noninterest expense	382	260	723	578
Net income before taxes	19	37	61	(6)
Income tax benefit
Net income (loss)	19	37	61	(6)
Total assets	13		13		19
Corporate [Member]
Dividend and Interest Income	922	679	1,831	1,445
Interest expense	182	118	340	273
Net interest income	740	561	1,491	1,172
Provision for loan losses
Noninterest income				90
Noninterest expense	120	133	209	183
Net income before taxes	620	428	1,282	1,079
Income tax benefit	(62)	(63)	(127)	(237)
Net income (loss)	682	491	1,409	1,316
Total assets	125,282		125,282		121,326
Eliminations [Member]
Dividend and Interest Income	(916)	(664)	(1,820)	(1,436)
Interest expense
Net interest income	(916)	(664)	(1,820)	(1,436)
Provision for loan losses
Noninterest income
Noninterest expense
Net income before taxes	(916)	(664)	(1,820)	(1,436)
Income tax benefit
Net income (loss)	(916)	$ (664)	(1,820)	$ (1,436)
Total assets	$ (124,376)		$ (124,376)		$ (120,395)

MERGERS AND ACQUISITIONS (Detai

MERGERS AND ACQUISITIONS (Details) - USD ($) $ / shares in Units, $ in Thousands		Oct. 20, 2017	Jun. 30, 2018	Dec. 31, 2017	Jun. 30, 2017
Assets
Loans			$ 684,333	$ 646,805	$ 553,420
Premises and equipment			34,613	36,103
Intangible assets			2,284	2,569
Bank owned life insurance			25,403	25,413
Total assets			1,092,149	1,050,731
Deposits:
Non-interest bearing demand			239,744	226,546
Interest bearing			693,624	661,777
Total deposits			933,368	888,323
Securities sold under agreements to repurchase			28,203	19,270
Other liabilities			8,376	8,261
Total liabilities			985,152	945,068
Goodwill			$ 14,562	$ 14,589
As Recorded by Cornerstone [Member]
Assets
Cash and cash equivalents		$ 30,060
Investment securities		44,018
Loans		60,835
Premises and equipment		4,164
Intangible assets
Bank owned life insurance		2,384
Other assets		3,082
Total assets		144,543
Deposits:
Non-interest bearing demand		27,296
Interest bearing		99,152
Total deposits		126,448
Securities sold under agreements to repurchase		849
Other liabilities		320
Total liabilities		127,617
Net identifiable assets acquired over liabilities assumed		16,926
Goodwill
Net assets acquired over liabilities assumed		$ 16,926
Consideration:
First Community Corporation common shares issued		877,364
Purchase price per share of the Company's common stock		$ 22.05
Equity Interests Issued or Issuable		$ 19,346
Cash exchanged for stock and fractional shares		7,731
Fair value of total consideration transferred		27,077
Fair Value Adjustments [Member]
Assets
Cash and cash equivalents
Investment securities	[1]	(358)
Loans	[2]	(734)
Premises and equipment	[3]	573
Intangible assets	[4]	1,810
Bank owned life insurance
Other assets	[5]	(473)
Total assets		818
Deposits:
Non-interest bearing demand
Interest bearing	[6]	150
Total deposits		150
Securities sold under agreements to repurchase
Other liabilities
Total liabilities		150
Net identifiable assets acquired over liabilities assumed		668
Goodwill		9,483
Net assets acquired over liabilities assumed		10,151
As Recorded by the Company [Member]
Assets
Cash and cash equivalents		30,060
Investment securities		43,660
Loans		60,101
Premises and equipment		4,737
Intangible assets		1,810
Bank owned life insurance		2,384
Other assets		2,609
Total assets		145,361
Deposits:
Non-interest bearing demand		27,296
Interest bearing		99,302
Total deposits		126,598
Securities sold under agreements to repurchase		849
Other liabilities		319
Total liabilities		127,766
Net identifiable assets acquired over liabilities assumed		17,594
Goodwill		9,483
Net assets acquired over liabilities assumed		$ 27,077
[1]	Adjustment reflects marking the securities portfolio to fair value as of the acquisition date.
[2]	Adjustment reflects the fair value adjustments based on the Company's evaluation of the acquired loan portfolio and excludes the allowance for loan losses recorded by Cornerstone.
[3]	Adjustment reflects the fair value adjustments based on the Company's evaluation of the acquired premises and equipment.
[4]	Adjustment reflects the recording of the core deposit intangible on the acquired deposit accounts.
[5]	Adjustment reflects the deferred tax adjustment related to fair value adjustments at 34%.
[6]	Adjustment reflects the fair value adjustment on interest-bearing deposits.

MERGERS AND ACQUISITIONS (Det49

MERGERS AND ACQUISITIONS (Details 2) - Pro Forma [Member] - USD ($) $ in Thousands	3 Months Ended	6 Months Ended
	Jun. 30, 2017	Jun. 30, 2017
Total revenues	$ 10,996	$ 21,290
Net income	$ 1,638	$ 3,550