First Community (FCCO) 10-Q 8 Nov 18 2018 Q3 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	9 Months Ended
	Sep. 30, 2018	Nov. 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	Sep. 30, 2018
Amendment Flag	false
Current Fiscal Year End Date	--12-31
Entity Current Reporting Status	Yes
Entity Filer Category	Accelerated Filer
Entity Common Stock, Shares Outstanding		7,629,638
Document Fiscal Year Focus	2,018
Document Fiscal Period Focus	Q3
Entity Emerging Growth Company	false
Entity Small Business	false
Entity Ex Transition Period	false

Consolidated Balance Sheets (Un

Consolidated Balance Sheets (Unaudited) - USD ($) $ in Thousands	Sep. 30, 2018	Dec. 31, 2017
ASSETS
Cash and due from banks	$ 14,231	$ 14,803
Interest-bearing bank balances	22,104	15,186
Federal funds sold and securities purchased under agreements to resell	605	602
Investment securities held-to-maturity	16,218	17,012
Investment securities available-for-sale	251,620	264,824
Other investments, at cost	2,125	2,559
Loans held for sale	5,528	5,093
Loans	696,515	646,805
Less, allowance for loan losses	6,212	5,797
Net loans	690,303	641,008
Property, furniture and equipment - net	34,405	36,103
Bank owned life insurance	25,579	25,413
Other real estate owned	1,921	1,934
Intangible assets	2,142	2,569
Goodwill	14,637	14,589
Other assets	9,724	9,036
Total assets	1,091,142	1,050,731
Deposits:
Non-interest bearing demand	254,270	226,546
Interest bearing	667,452	661,777
Total deposits	921,722	888,323
Securities sold under agreements to repurchase	33,226	19,270
Federal Home Loan Bank advances	4,236	14,250
Junior subordinated debt	14,964	14,964
Other liabilities	8,808	8,261
Total liabilities	982,956	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 7,629,638 at September 30, 2018 and 7,587,938 at December 31, 2017	7,630	7,588
Common stock warrants issued	34	46
Nonvested restricted stock	(205)	(109)
Additional paid in capital	94,967	94,516
Retained earnings (deficit)	10,336	4,066
Accumulated other comprehensive income (loss)	(4,576)	(444)
Total shareholders' equity	108,186	105,663
Total liabilities and shareholders' equity	$ 1,091,142	$ 1,050,731

Consolidated Balance Sheets (_2

Consolidated Balance Sheets (Unaudited) (Parenthetical) - $ / shares	Sep. 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	7,629,638	7,587,918
Common stock, shares outstanding	7,629,638	7,587,918

Consolidated Statements of Inco

Consolidated Statements of Income (Unaudited) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2018	Sep. 30, 2017	Sep. 30, 2018	Sep. 30, 2017
Interest income:
Loans, including fees	$ 8,277	$ 6,438	$ 23,974	$ 19,003
Taxable securities	1,250	989	3,623	2,924
Non taxable securities	333	453	1,232	1,395
Federal funds sold and securities purchased under resale agreements	120	41	290	94
Other	5		16
Total interest income	9,985	7,921	29,135	23,416
Interest expense:
Deposits	816	459	2,001	1,341
Federal funds sold and securities sold under agreement to repurchase	96	24	197	45
Other borrowed money	190	211	581	694
Total interest expense	1,102	694	2,779	2,080
Net interest income	8,883	7,227	26,356	21,336
Provision for loan losses	21	166	252	360
Net interest income after provision for loan losses	8,862	7,061	26,104	20,976
Non-interest income:
Deposit service charges	434	379	1,320	1,047
Mortgage banking income	1,159	1,032	3,126	2,950
Investment advisory fees and non-deposit commissions	423	336	1,207	908
Gain (loss) on sale of securities		124	(10)	350
Gain on sale of other assets	(29)	40	8	128
Loss on early extinguishment of debt		(165)		(446)
Other	855	676	2,733	2,108
Total non-interest income	2,842	2,422	8,384	7,045
Non-interest expense:
Salaries and employee benefits	5,079	4,122	14,537	12,469
Occupancy	611	532	1,808	1,598
Equipment	388	396	1,167	1,348
Marketing and public relations	177	96	460	615
FDIC insurance assessments	94	78	258	234
Other real estate expense	37	19	86	75
Amortization of intangibles	142	74	427	223
Merger expenses		228		326
Other	1,606	1,349	5,210	4,096
Total non-interest expense	8,134	6,894	23,953	20,984
Net income before tax	3,570	2,589	10,535	7,037
Income tax expense	737	696	1,992	1,724
Net income	$ 2,833	$ 1,893	$ 8,543	$ 5,313
Basic earnings per common share (in dollars per share)	$ 0.37	$ 0.28	$ 1.13	$ 0.80
Diluted earnings per common share (in dollars per share)	$ 0.37	$ 0.28	$ 1.11	$ 0.78

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Income (Unaudited) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2018	Sep. 30, 2017	Sep. 30, 2018	Sep. 30, 2017
Consolidated Statements Of Comprehensive Income
Net income	$ 2,833	$ 1,893	$ 8,543	$ 5,313
Other comprehensive income (loss):
Unrealized gain (loss) during the period on available-for-sale securities, net of tax benefit of $1,101 and tax expense of $732, and net of tax benefit of $280 and tax expense of $94, for 9 Months ended September 30, 2018 and September 30, 2017, 3 Months ended September 30, 2018 and September 30 2017, respectively	(1,054)	181	(4,140)	1,421
Less: Reclassification adjustment for loss (gain) included in net income, net of tax benefit of $2 and tax expense of $119, net of taxes of $0 and $42 for 9 Months ended September 30, 2018 and September 30, 2017, 3 Months ended September 30, 2018 and September 30 2017, respectively		(82)	8	(231)
Other comprehensive income (loss)	(1,054)	99	(4,132)	1,190
Comprehensive income	$ 1,779	$ 1,992	$ 4,411	$ 6,503

Consolidated Statements of Co_2

Consolidated Statements of Comprehensive Income (Unaudited) (Parenthetical) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2018	Sep. 30, 2017	Sep. 30, 2018	Sep. 30, 2017
Consolidated Statements Of Comprehensive Income Unaudited
Unrealized gain (loss) during the period on available-for-sale securities, taxes	$ 280	$ 94	$ 1,101	$ 732
Reclassification adjustment for (gain) loss included in net income, taxes	$ 0	$ 42	$ 2	$ 119

Consolidated Statements of Chan

Consolidated Statements of Changes in Shareholders' Equity (Unaudited) - USD ($) $ in Thousands	Common Stock [Member]	Common Warrant [Member]	Additional Paid-In Capital [Member]	Nonvested Restricted Stocks [Member]	Retained Earnings (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					5,313		5,313
Other comprehensive income net of tax						1,190	1,190
Issuance of restricted stock	$ 5		100	(105)
Issuance of restricted stock, in shares	5,000
Amortization of compensation on restricted stock				158			158
Shares forfeited	$ (2)		(27)	9			(20)
Shares forfeited, Shares	(2,000)
Shares retired	$ (19)		(369)				(388)
Shares retired, Shares	(19,000)
Exercise of deferred compensation
Dividends: Common					(1,798)		(1,798)
Dividend reinvestment plan	$ 14		265				279
Dividend reinvestment plan, in shares	14,000
Ending Balance at Sep. 30, 2017	$ 6,706	46	75,960	(158)	4,088	(47)	86,595
Ending Balance, in shares at Sep. 30, 2017	6,706,000
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					8,543		8,543
Other comprehensive income net of tax						(4,132)	(4,132)
Issuance of restricted stock	$ 11		233	(244)
Issuance of restricted stock, in shares	11,000
Amortization of compensation on restricted stock				148			148
Exercise of stock warrants	$ 20	(12)	(8)
Exercise of stock warrants, in shares	20,000
Shares retired	$ (2)		(55)				(57)
Shares retired, Shares	(2,000)
Exercise of deferred compensation	$ 1		18				19
Exercise of deferred compensation, in shares	1,000
Dividends: Common					(2,273)		(2,273)
Dividend reinvestment plan	$ 12		263				275
Dividend reinvestment plan, in shares	12,000
Ending Balance at Sep. 30, 2018	$ 7,630	$ 34	$ 94,967	$ (205)	$ 10,336	$ (4,576)	$ 108,186
Ending Balance, in shares at Sep. 30, 2018	7,630,000

Consolidated Statements of Cash

Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended		12 Months Ended
	Sep. 30, 2018	Sep. 30, 2017	Sep. 30, 2018	Sep. 30, 2017	Dec. 31, 2017
Cash flows from operating activities:
Net income	$ 2,833	$ 1,893	$ 8,543	$ 5,313
Adjustments to reconcile net income to net cash provided in operating activities:
Depreciation			1,130	1,075
Premium amortization			1,873	2,449
Provision for loan losses	21	166	252	360	$ 530
Write-down of other real estate owned				17
Gain on sale of other real estate owned			(8)	(128)
Origination of loans held-for-sale			(89,125)	(80,340)
Sale of loans held-for-sale			88,690	80,029
Amortization of intangibles	142	74	427	223
Accretion on acquired loans			(288)	(138)
Writedown of land held for sale			42	90
Loss (gain) on sale of securities		(124)	10	(350)
Loss on extinguishment of debt		165		446
Gain on sale of fixed assets			(123)
Decrease in other assets			518	4,042
Increase (decrease) in other liabilities			547	78
Net cash provided in operating activities			12,488	13,166
Cash flows from investing activities:
Purchase of investment securities available-for-sale			(47,668)	(15,350)
Maturity/call of investment securities available-for-sale			33,703	25,761
Proceeds from sale of securities available-for-sale	0	2,300	19,946	12,867
Proceeds from sale of securities held-to-maturity			655
Proceeds from sale of other investments			434	357
Increase in loans			(49,603)	(21,787)
Proceeds from sale of other real estate owned			367	530
Proceeds from sale of fixed assets			1,143
Purchase of property and equipment			(494)	(2,675)
Net cash used in investing activities			(41,517)	(297)
Cash flows from financing activities:
Increase in deposit accounts			33,472	3,473
Increase (decrease) in securities sold under agreements to repurchase			13,956	(2,058)
Advances from the Federal Home Loan Bank			4,000	26,000
Repayment of advances from Federal Home Loan Bank			(14,014)	(33,268)
Deferred compensation shares			19
Shares forfeited				(20)
Shares retired			(57)	(388)
Dividends paid: Common Stock			(2,273)	(1,798)
Dividend reinvestment plan			275	279
Net cash provided from (used in) financing activities			35,378	(7,780)
Net increase in cash and cash equivalents			6,349	5,089
Cash and cash equivalents at beginning of period			30,591	21,999	21,999
Cash and cash equivalents at end of period	$ 36,940	$ 27,088	36,940	27,088	$ 30,591
Cash paid during the period for:
Interest			2,627	2,162
Income taxes			1,875	1,095
Non-cash investing and financing activities:
Unrealized gain (loss) on securities			(4,132)	1,190
Transfer of loans to foreclosed property			$ 346	$ 26

BASIS OF PRESENTATION

BASIS OF PRESENTATION	9 Months Ended
	Sep. 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 September 30, 2018 and December 31, 2017, and the Company’s results of operations and cash flows for the three and nine months ended September 30, 2018 and 2017. The results of operations for the three and nine months ended September 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	9 Months Ended
	Sep. 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) Nine months Three months Ended September 30, Ended September 30, 2018 2017 2018 2017 Numerator (Net income) $ 8,543 $ 5,313 $ 2,833 $ 1,893 Denominator Weighted average common shares outstanding for: Basic earnings per share 7,581 6,666 7,592 6,666 Dilutive securities: Deferred compensation 65 54 61 54 Warrants/Restricted stock – Treasury stock method 73 88 71 88 Diluted earnings per share 7,719 6,808 7,724 6,808 The average market price used in calculating assumed number of shares $ 25.33 $ 20.59 $ 23.49 $ 20.66 There were no options outstanding as of September 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 71,810 warrants outstanding at September 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 September 30, 2018 for non-vested shares amounts to $205 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 September 30, 2018 and December 31, 2017, there were 113,984 and 110,320 units in the plan, respectively. The accrued liability at September 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	9 Months Ended
	Sep. 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 September 30, 2018 US Treasury securities $ 11,823 $ — $ 68 $ 11,755 Government Sponsored Enterprises 1,094 — 5 1,089 Mortgage-backed securities 140,335 44 4,073 136,306 Small Business Administration pools 52,670 147 891 51,926 State and local government 51,473 293 1,241 50,525 Other securities 19 — — 19 $ 257,414 $ 484 $ 6,278 $ 251,620 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 September 30, 2018 State and local government $ 16,218 $ 13 $ 178 $ 16,053 $ 16,218 $ 13 $ 178 $ 16,053 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 nine months ended September 30, 2018 and 2017, the Company received proceeds of $19.9 million and $12.9 million, respectively, from the sale of investment securities available-for-sale. For the nine months ended September 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 $246.5 thousand. For the nine months ended September 30, 2017, gross realized gains from the sale of investment securities available-for-sale amounted to $371 thousand and gross realized losses amounted to $21 thousand. During the nine months ended September 30, 2018, the Company received proceeds of $655 thousand for the sale of an investment security held-to-maturity. For the nine months ended September 30, 2018, the realized loss on the sale of the investment security held-to-maturity amounted to $4.0 thousand. During the nine months ended September 30, 2017 there were no sales of investment securities held-to-maturity. During the three months ended September 30, 2018, there were no sales of investment securities. During the three months ended September 30, 2017, the Company received proceeds of $2.3 million from the sale of investment securities available-for-sale. For the three months ended September 30, 2017, gross realized gains totaled $124 thousand and there were no gross realized losses. During the three months ended September 30, 2017, there were no sales of investment securities held-to maturity. At September 30, 2018, other securities available-for-sale included the following at fair value: a mutual fund at $9.4 thousand and foreign debt of $9.9 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 nine months ended September 30, 2018, a $1.0 thousand gain and a $2.0 thousand gain were 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 $1.1 million and $1.6 million and corporate stock in the amount of $1.0 and $1.0 million at September 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 September 30, 2018 and December 31, 2017. (Dollars in thousands) Less than 12 months 12 months or more Total September 30, 2018 Unrealized Unrealized Unrealized Available-for-sale securities: Fair Value Loss Fair Value Loss Fair Value Loss US Treasury securities $ 10,279 $ 22 $ 1,475 $ 46 $ 11,754 $ 68 Government Sponsored Enterprise 1,088 5 — — 1,088 5 Government Sponsored Enterprise mortgage-backed securities 68,482 1,536 53,336 2,537 121,818 4,073 Small Business Administration pools 22,118 386 15,594 505 37,712 891 State and local government 21,821 398 12,765 843 34,586 1,241 $ 123,788 $ 2,347 $ 83,170 $ 3,931 $ 206,958 $ 6,278 (Dollars in thousands) Less than 12 months 12 months or more Total September 30, 2018 Unrealized Unrealized Unrealized Held-to-maturity securities: Fair Value Loss Fair Value Loss Fair Value Loss State and local government $ 13,622 $ 178 $ — $ — $ 13,622 $ 178 (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: State and Local Governments and Other: The following sets forth the amortized cost and fair value of investment securities at September 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. September 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 $ 17,686 $ 17,670 $ — $ — Due after one year through five years 150,575 147,607 9,187 9,129 Due after five years through ten years 80,047 77,462 7,031 6,924 Due after ten years 9,106 8,881 — — $ 257,414 $ 251,620 $ 16,218 $ 16,053

LOANS

LOANS	9 Months Ended
	Sep. 30, 2018
Receivables [Abstract]
LOANS	Note 4—Loans Loans summarized by category as of September 30, 2018, December 31, 2017 and September 30, 2017 are as follows: September 30, December 31, September 30, (Dollars in thousands) 2018 2017 2017 Commercial, financial and agricultural $ 50,940 $ 51,040 $ 44,917 Real estate: Construction 56,568 45,401 42,693 Mortgage-residential 50,914 46,901 44,567 Mortgage-commercial 498,650 460,276 398,777 Consumer: Home equity 29,933 32,451 29,984 Other 9,510 10,736 7,550 Total $ 696,515 $ 646,805 $ 568,488 The detailed activity in the allowance for loan losses and the recorded investment in loans receivable as of and for the nine months ended September 30, 2018 and September 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 September 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 ) — — (109 ) — (110 ) Recoveries 14 — 3 219 6 31 — 273 Provisions (46 ) 4 481 (388 ) 732 108 (639 ) 252 Ending balance September 30, 2018 $ 189 $ 105 $ 944 $ 2,908 $ 1,046 $ 65 $ 955 $ 6,212 Ending balances: Individually evaluated for impairment $ — $ — $ 1 $ 3 $ — $ — $ — $ 4 Collectively evaluated for impairment 189 105 943 2,905 1,046 65 955 6,208 September 30, 2018 Loans receivable: Ending balance-total $ 50,940 $ 56,568 $ 50,914 $ 498,650 $ 29,933 $ 9,510 $ — $ 696,515 Ending balances: Individually evaluated for impairment — — 237 4,466 31 — — 4,734 Collectively evaluated for impairment $ 50,940 $ 56,568 $ 50,677 $ 494,184 $ 29,902 $ 9,510 $ — $ 691,781 (Dollars in thousands) Real estate Real estate Consumer September 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 (5) — — (30 ) — (85 ) — (120 ) Recoveries 3 — 4 158 24 13 — 202 Provisions 41 (10 ) (115 ) (5 ) 81 (38 ) 406 360 Ending balance September 30, 2017 $ 184 $ 94 $ 327 $ 2,916 $ 258 $ 17 $ 1,860 $ 5,656 Ending balances: Individually evaluated for impairment $ — $ — $ 2 $ 29 $ — $ — $ — $ 31 Collectively evaluated for impairment 184 94 325 2,887 258 17 1,860 5,625 September 30, 2017 Loans receivable: Ending balance-total $ 44,917 $ 42,693 $ 44,567 $ 398,777 $ 29,984 $ 7,550 $ — $ 568,488 Ending balances: Individually evaluated for impairment — — 422 4,173 34 — — 4,629 Collectively evaluated for impairment $ 44,917 $ 42,693 $ 44,145 $ 394,604 $ 29,950 $ 7,550 $ — $ 563,859 (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 September 30, 2018 and the three months ended September 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 June 30, 2018 $ 272 $ 112 $ 672 $ 2,618 $ 1,029 $ 113 $ 1,271 $ 6,087 Charge-offs — — — — — (24 ) — (24 ) Recoveries 11 — 1 105 1 10 — 128 Provisions (94) (7) 271 185 16 (34 ) (316 ) 21 Ending balance September 30, 2018 $ 189 $ 105 $ 944 $ 2,908 $ 1,046 $ 65 $ 955 $ 6,212 (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 June 30, 2017 $ 169 $ 76 $ 353 $ 2,845 $ 196 $ 24 $ 1,827 $ 5,490 Charge-offs (5) — — (6) — (41 ) — (52 ) Recoveries — — 2 45 — 5 — 52 Provisions 20 18 (28 ) 32 62 29 33 166 Ending balance September 30, 2017 $ 184 $ 94 $ 327 $ 2,916 $ 258 $ 17 $ 1,860 $ 5,656 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 nine months ended September 30, 2018 and 2017: (Dollars in thousands) 2018 2017 Beginning Balance December 31, $ 5,938 $ 6,103 New Loans 2,406 339 Less loan repayments 1,999 925 Ending Balance September 30, $ 6,345 $ 5,517 The following table presents at September 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) September 30, December 31, 2018 2017 Total loans considered impaired $ 4,734 $ 5,155 Loans considered impaired for which there is a related allowance for loan loss: Outstanding loan balance $ 1,143 $ 1,669 Related allowance $ 4 $ 27 Loans considered impaired and previously written down to fair value $ 3,591 $ 3,485 Average impaired loans $ 5,160 $ 5,513 Amount of interest earned during period of impairment $ 297 $ 132 The following tables are by loan category and present at September 30, 2018, September 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) Nine months ended Three months ended Unpaid Average Interest Average Interest September 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 198 266 — 202 16 197 2 Mortgage-commercial 3,363 6,158 — 3,753 219 3,627 75 Consumer: Home equity 31 32 — 35 1 31 — Other — — — — — — — With an allowance recorded: Commercial, financial, agricultural — — — — — — — Real estate: Construction — — — — — — — Mortgage-residential 39 39 1 41 2 39 1 Mortgage-commercial 1,103 1,103 3 1,129 59 1,103 19 Consumer: Home equity — — — — — — — Other — — — — — — — Total: Commercial, financial, agricultural $ — $ — $ — $ — $ — $ — $ — Real estate: Construction — — — — — — — Mortgage-residential 237 305 1 243 18 236 3 Mortgage-commercial 4,466 7,261 3 4,882 278 4,730 94 Consumer: Home equity 31 32 — 35 1 31 — Other — — — — — — — $ 4,734 $ 7,598 $ 4 $ 5,160 $ 297 $ 4,997 $ 97 (Dollars in thousands) Nine months ended Three months ended September 30, 2017 Unpaid Average Interest Average Interest 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 379 443 — 384 11 378 11 Mortgage-commercial 2,501 5,051 — 2,536 117 2,488 118 Consumer: Home equity 34 34 — 34 — 56 — Other — — — — — — — With an allowance recorded: Commercial, financial, agricultural — — — — — — — Real estate: Construction — — — — — — — Mortgage-residential 43 43 2 43 2 43 1 Mortgage-commercial 1,672 2,293 29 1,678 111 1,671 31 Consumer: Home equity — — — — — — — Other — — — — — — — Total: Commercial, financial, agricultural $ — $ — $ — $ — $ — $ — $ — Real estate: Construction — — — — — — — Mortgage-residential 422 486 2 427 13 421 12 Mortgage-commercial 4,173 7,344 29 4,214 228 4,159 149 Consumer: Home equity 34 34 — 34 — 56 — Other — — — — — — — $ 4,629 $ 7,864 $ 31 $ 4,675 $ 241 $ 4,636 $ 161 (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 $ 5,514 $ 132 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 September 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 September 30, 2018 and December 31, 2017, no loans were classified as doubtful. (Dollars in thousands) September 30, 2018 Special Pass Mention Substandard Doubtful Total Commercial, financial & agricultural $ 50,722 $ 49 $ 169 $ — $ 50,940 Real estate: Construction 56,568 — — — 56,568 Mortgage – residential 49,359 646 909 — 50,914 Mortgage – commercial 489,712 4,556 4,382 — 498,650 Consumer: Home Equity 28,120 1,465 348 — 29,933 Other 9,507 — 3 — 9,510 Total $ 683,988 $ 6,716 $ 5,811 $ — $ 696,515 (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 At September 30, 2018 and December 31, 2017, non-accrual loans totaled $2.9 million and $3.3 million, respectively. TDRs that are still accruing and included in impaired loans at September 30, 2018 and at December 31, 2017 amounted to $1.8 million and $1.8 million, respectively. TDRs in non-accrual status at September 30, 2018 and December 31, 2017 amounted to $1.2 million and $1.2 million, respectively. Loans greater than 90 days delinquent and still accruing interest were $28.7 thousand at September 30, 2018 and $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 nine months ended September 30, 2018 and September 30, 2017 follows: Three Months Ended September 30, 2018 Nine Months Ended September 30, 2018 Accretable yield, beginning of period $ (2 ) $ 22 Accretion (8 ) (32 ) Reclassification of nonaccretable difference due to improvement in expected cash flows — — Accretable yield, end of period $ (10 ) $ (10 ) Three Months Ended September 30, 2017 Nine Months Ended September 30, 2017 Accretable yield, beginning of period $ 50 $ 34 Accretion (29 ) (57 ) Reclassification of nonaccretable difference due to improvement in expected cash flows — 44 Accretable yield, end of period $ 21 $ 21 At September, 2018 and December 31, 2017 the recorded investment in purchased impaired loans was $486 thousand and $733 thousand, respectively. The unpaid principal balance was $755 thousand and $1.0 million at September 30, 2018 and December 31, 2017, respectively. At September 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 September 30, 2018 and December 31, 2017: (Dollars in thousands) Greater than 30-59 Days 60-89 Days 90 Days and Total September 30, 2018 Past Due Past Due Accruing Nonaccrual Past Due Current Total Loans Commercial $ 5 $ — $ — $ — $ 5 $ 50,935 $ 50,940 Real estate: Construction 24 — — — 24 56,544 56,568 Mortgage-residential 42 121 — 197 360 50,554 50,914 Mortgage-commercial 901 1,339 29 2,676 4,945 493,705 498,650 Consumer: Home equity 177 — — 31 208 29,725 29,933 Other 1 2 — 3 9,507 9,510 $ 1,150 $ 1,462 $ 29 $ 2,904 $ 5,545 $ 690,970 $ 696,515 (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 nine month periods ended September 30, 2018 and September 30, 2017. During the three and nine month periods ended September 30, 2018 and September 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	9 Months Ended
	Sep. 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 financial statements. In February 2016, the FASB amended the Leases topic of the ASC to revise certain aspects of recognition, measurement, presentation, and disclosure of leasing transactions. The amendments will be effective for fiscal years beginning after December 15, 2018, including interim periods within those fiscal years. The Company does not anticipate a material impact on its financial statements. In June 2016, the FASB issued guidance to change the accounting for credit losses and modify the impairment model for certain debt securities. The amendments will be effective for the Company for reporting periods beginning after December 15, 2019. 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 ASC 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 ASC 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 ASC 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 ASC. The amendments incorporate into the ASC 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 and did not have a material effect on the Company’s financial statements. In November 2017, the FASB updated the Income Statement and Revenue from Contracts with Customers Topics of the ASC. The amendments incorporate into the ASC recent SEC guidance related to revenue recognition. The amendments were effective upon issuance and did not have a material effect on the Company’s 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 ASC. The amendments incorporate into the ASC 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 Company’s financial statements. In May 2018, the FASB amended the Financial Services—Depository and Lending Topic of the ASC to remove outdated guidance related to Circular 202. The amendments were effective upon issuance and did not have a material effect on the Company’s financial statements. In July 2018, the FASB amended the Leases Topic of the ASC to make narrow amendments to clarify how to apply certain aspects of the new leases standard. Additionally, amendments were made to give entities another option for transition and to provide lessors with a practical expedient. The amendments are effective for reporting periods beginning after December 15, 2018. The Company does not expect these amendments to have a material effect on its financial statements. In August 2018, the FASB amended the Fair Value Measurement Topic of the ASC. The amendments remove, modify, and add certain fair value disclosure requirements based on the concepts in the FASB Concepts Statement, Conceptual Framework for Financial Reporting—Chapter 8: Notes to Financial Statements. The amendments are effective for all entities for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2019. Early adoption is permitted. An entity is permitted to early adopt any removed or modified disclosures upon issuance of this ASU and delay adoption of the additional disclosures until their effective date. The Company does not expect these amendments to have a material effect on its financial statements. In August 2018, the FASB amended the Intangibles—Goodwill and Other Topic of the ASC to align the requirements for capitalizing implementation costs incurred in a hosting arrangement that is a service contract with the requirements for capitalizing implementation costs incurred to develop or obtain internal-use software. The amendments will be effective for the Company for fiscal years beginning after December 15, 2019. Early adoption is permitted. The Company does not expect these amendments to have a material effect on its financial statements. Other accounting standards that have been issued or proposed by the FASB or other standards-setting bodies are not expected to have a material impact on the Company’s financial position, results of operations or cash flows.

FAIR VALUE MEASUREMENT

FAIR VALUE MEASUREMENT	9 Months Ended
	Sep. 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 September 30, 2018 and December 31, 2017 are as follows: September 30, 2018 Fair Value (Dollars in thousands) Carrying Amount Total Level 1 Level 2 Level 3 Financial assets: Cash and short term investments $ 36,940 $ 36,940 $ 36,940 $ — $ — Held-to-maturity securities 16,218 16,218 — 16,053 — Available-for-sale securities 251,620 251,620 9 251,611 — Other investments, at cost 2,125 2,125 — — 2,125 Loans held for sale 5,528 5,528 — 5,528 — Net loans receivable 690,303 678,488 — — 678,488 Accrued interest 3,513 3,513 3,513 — — Financial liabilities: Non-interest bearing demand deposits $ 254,270 $ 254,270 $ — $ 254,270 $ — Interest bearing demand deposits and money market accounts 380,036 380,036 — 380,036 — Savings 107,410 107,410 — 107,410 — Time deposits 180,006 180,183 — 180,183 — Total deposits 921,722 921,899 — 921,899 — Federal Home Loan Bank Advances 4,236 4,236 — 4,236 — Short term borrowings 33,226 33,226 — 33,226 — Junior subordinated debentures 14,964 12,564 — 12,564 — Accrued interest payable 714 714 714 — — 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 September 30, 2018 and December 31, 2017 that are measured on a recurring basis. There were no liabilities carried at fair value as of September 30, 2018 or December 31, 2017 that are measured on a recurring basis. (Dollars in thousands) Description September 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 $ 11,755 $ — $ 11,755 $ — Government sponsored enterprises 1,089 — 1,089 — Mortgage-backed securities 136,306 — 136,306 — Small Business Administration pools 51,926 — 51,926 — State and local government 50,525 — 50,525 — Corporate and other securities 19 9 10 — 251,620 9 251,611 — Loans held for sale 5,528 — 5,528 — Total $ 257,148 $ 9 $ 257,139 $ — (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 nine months ended September 30, 2017 measured on a recurring basis. There were no Level 3 financial instruments for the three months ended September 30, 2017 or the three and nine months ended September 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 September 30, 2017 $ — The following tables summarize quantitative disclosures about the fair value for each category of assets carried at fair value as of September 30, 2018 and December 31, 2017 that are measured on a non-recurring basis. (Dollars in thousands) Description September 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 236 — — 236 Mortgage-commercial 4,463 — — 4,463 Consumer: Home equity 31 — — 31 Other — — — — Total impaired 4,730 — — 4,730 Other real estate owned: Construction 828 — — 828 Mortgage-residential 130 — — 130 Mortgage-commercial 963 — — 963 Total other real estate owned 1,921 — — 1,921 Total $ 6,651 $ — $ — $ 6,651 (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 $4.7 million and $5.2 million as of September 30, 2018 and December 31, 2017, respectively. For Level 3 assets and liabilities measured at fair value on a non-recurring basis as of September 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 September 30, 2018 Valuation Technique Significant Observable Inputs Significant Unobservable Inputs OREO $ 1,921 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 $ 4,730 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	9 Months Ended
	Sep. 30, 2018
Banking and Thrift [Abstract]
DEPOSITS	Note 7 — Deposits The Company’s total deposits are comprised of the following at the dates indicated: September 30, December 31, Dollars in thousands 2018 2017 Non-interest bearing demand deposits $ 254,270 $ 226,546 Interest bearing demand deposits and money market accounts 380,036 364,358 Savings 107,410 104,756 Time deposits 180,006 192,663 Total deposits $ 921,722 $ 888,323 As of September 30, 2018 and December 31, 2017, the Company had time deposits greater than $250,000 of $27.5 million and $38.4 million, respectively.

REPORTABLE SEGMENTS

REPORTABLE SEGMENTS	9 Months Ended
	Sep. 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 · Mortgage banking · Investment advisory and non-deposit · Corporate Nine months ended September 30, 2018 Commercial Investment (Dollars in thousands) and Retail Mortgage advisory and Banking Banking non-deposit Corporate Eliminations Consolidated Dividend and Interest Income $ 28,513 $ 622 $ — $ 2,779 $ (2,779 ) $ 29,135 Interest expense 2,251 — — 528 — 2,779 Net interest income $ 26,262 $ 622 $ — $ 2,251 $ (2,779 ) $ 26,356 Provision for loan losses 252 — — — — 252 Noninterest income 4,051 3,126 1,207 — — 8,384 Noninterest expense 20,105 2,515 1,047 286 — 23,953 Net income before taxes $ 9,956 $ 1,233 $ 160 $ 1,965 $ (2,779 ) $ 10,535 Income tax provision (benefit) 2,173 — — (181 ) — 1,992 Net income $ 7,783 $ 1,233 $ 160 $ 2,146 $ (2,779 ) $ 8,543 Three months ended September 30, 2018 Commercial Investment (Dollars in thousands) and Retail Mortgage advisory and Banking Banking non-deposit Corporate Eliminations Consolidated Dividend and Interest Income $ 9,772 $ 213 $ — $ 947 $ (947 ) 9,985 Interest expense 915 — — 187 — 1,102 Net interest income $ 8,857 $ 213 $ — $ 760 $ (947 ) $ 8,883 Provision for loan losses 21 — — — — 21 Noninterest income 1,260 1,159 423 — — 2,842 Noninterest expense 6,796 937 324 77 — 8,134 Net income before taxes $ 3,300 $ 435 $ 99 $ 683 $ (947 ) $ 3,570 Income tax provision (benefit) 791 — — (54 ) — 737 Net income $ 2,509 $ 435 $ 99 $ 737 $ (947 ) $ 2,833 Nine months ended September 30, 2017 Commercial Investment (Dollars in thousands) and Retail Mortgage advisory and Banking Banking non-deposit Corporate Eliminations Consolidated Dividend and Interest Income $ 23,072 $ 331 $ — $ 2,191 $ (2,178 ) $ 23,416 Interest expense 1,660 — — 420 — 2,080 Net interest income $ 21,412 $ 331 $ — $ 1,771 $ (2,178 ) $ 21,336 Provision for loan losses 360 — — — — 360 Noninterest income 3,097 2,950 908 90 — 7,045 Noninterest expense 17,699 2,181 839 265 — 20,984 Net income before taxes $ 6,450 $ 1,100 $ 69 $ 1,596 $ (2,178 ) $ 7,037 Income tax provision (benefit) 2,037 — — (313 ) — 1,724 Net income $ 4,413 $ 1,100 $ 69 $ 1,909 $ (2,178 ) $ 5,313 Three months ended September 30, 2017 Commercial Investment (Dollars in thousands) and Retail Mortgage advisory and Banking Banking non-deposit Corporate Eliminations Consolidated Dividend and Interest Income $ 7,763 $ 153 $ — $ 747 $ (742 ) 7,921 Interest expense 547 — — 147 — 694 Net interest income $ 7,216 $ 153 $ — $ 600 $ (742 ) $ 7,227 Provision for loan losses 166 — — — — 166 Noninterest income 1,053 1,032 337 — — 2,422 Noninterest expense 5,780 769 262 83 — 6,894 Net income before taxes $ 2,323 $ 416 $ 75 $ 517 $ (742 ) $ 2,589 Income tax provision (benefit) 772 — — (76 ) — 696 Net income $ 1,551 $ 416 $ 75 $ 593 $ (742 ) $ 1,893 Commercial Investment (Dollars in thousands) and Retail Mortgage advisory and Banking Banking non-deposit Corporate Eliminations Consolidated Total Assets as of September 30, 2018 $ 1,075,604 $ 14,580 $ 13 $ 127,929 $ (126,984 ) $ 1,091,142 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	9 Months Ended
	Sep. 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 (452 )(e) 2,630 Total assets $ 144,543 $ 839 $ 145,382 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 96 (g) 416 Total liabilities 127,617 246 127,863 Net identifiable assets acquired over liabilities assumed 16,926 593 17,519 Goodwill — 9,558 9,558 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. (g)—Adjustment reflects the fair value adjustment on post-retirement benefits. The operating results of the Company for the three months and nine months ended September 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 Nine Months (Dollars in thousands) Ended Ended Total revenues (net interest income plus noninterest income) $ 13,310 $ 34,660 Net income $ 1,618 $ 5,168

SUBSEQUENT EVENTS

SUBSEQUENT EVENTS	9 Months Ended
	Sep. 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)	9 Months Ended
	Sep. 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) Nine months Three months Ended September 30, Ended September 30, 2018 2017 2018 2017 Numerator (Net income) $ 8,543 $ 5,313 $ 2,833 $ 1,893 Denominator Weighted average common shares outstanding for: Basic earnings per share 7,581 6,666 7,592 6,666 Dilutive securities: Deferred compensation 65 54 61 54 Warrants/Restricted stock – Treasury stock method 73 88 71 88 Diluted earnings per share 7,719 6,808 7,724 6,808 The average market price used in calculating assumed number of shares $ 25.33 $ 20.59 $ 23.49 $ 20.66

INVESTMENT SECURITIES (Tables)

INVESTMENT SECURITIES (Tables)	9 Months Ended
	Sep. 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 September 30, 2018 US Treasury securities $ 11,823 $ — $ 68 $ 11,755 Government Sponsored Enterprises 1,094 — 5 1,089 Mortgage-backed securities 140,335 44 4,073 136,306 Small Business Administration pools 52,670 147 891 51,926 State and local government 51,473 293 1,241 50,525 Other securities 19 — — 19 $ 257,414 $ 484 $ 6,278 $ 251,620 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	The amortized cost and estimated fair values of investment securities are summarized below: HELD-TO-MATURITY: Gross Gross Amortized Unrealized Unrealized (Dollars in thousands) Cost Gains Losses Fair Value September 30, 2018 State and local government $ 16,218 $ 13 $ 178 $ 16,053 $ 16,218 $ 13 $ 178 $ 16,053 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 September 30, 2018 and December 31, 2017. (Dollars in thousands) Less than 12 months 12 months or more Total September 30, 2018 Unrealized Unrealized Unrealized Available-for-sale securities: Fair Value Loss Fair Value Loss Fair Value Loss US Treasury securities $ 10,279 $ 22 $ 1,475 $ 46 $ 11,754 $ 68 Government Sponsored Enterprise 1,088 5 — — 1,088 5 Government Sponsored Enterprise mortgage-backed securities 68,482 1,536 53,336 2,537 121,818 4,073 Small Business Administration pools 22,118 386 15,594 505 37,712 891 State and local government 21,821 398 12,765 843 34,586 1,241 $ 123,788 $ 2,347 $ 83,170 $ 3,931 $ 206,958 $ 6,278 (Dollars in thousands) Less than 12 months 12 months or more Total September 30, 2018 Unrealized Unrealized Unrealized Held-to-maturity securities: Fair Value Loss Fair Value Loss Fair Value Loss State and local government $ 13,622 $ 178 $ — $ — $ 13,622 $ 178 (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 September 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. September 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 $ 17,686 $ 17,670 $ — $ — Due after one year through five years 150,575 147,607 9,187 9,129 Due after five years through ten years 80,047 77,462 7,031 6,924 Due after ten years 9,106 8,881 — — $ 257,414 $ 251,620 $ 16,218 $ 16,053

LOANS (Tables)

LOANS (Tables)	9 Months Ended
	Sep. 30, 2018
Receivables [Abstract]
Summary of loans by category	Loans summarized by category as of September 30, 2018, December 31, 2017 and September 30, 2017 are as follows: September 30, December 31, September 30, (Dollars in thousands) 2018 2017 2017 Commercial, financial and agricultural $ 50,940 $ 51,040 $ 44,917 Real estate: Construction 56,568 45,401 42,693 Mortgage-residential 50,914 46,901 44,567 Mortgage-commercial 498,650 460,276 398,777 Consumer: Home equity 29,933 32,451 29,984 Other 9,510 10,736 7,550 Total $ 696,515 $ 646,805 $ 568,488
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 nine months ended September 30, 2018 and September 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 September 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 ) — — (109 ) — (110 ) Recoveries 14 — 3 219 6 31 — 273 Provisions (46 ) 4 481 (388 ) 732 108 (639 ) 252 Ending balance September 30, 2018 $ 189 $ 105 $ 944 $ 2,908 $ 1,046 $ 65 $ 955 $ 6,212 Ending balances: Individually evaluated for impairment $ — $ — $ 1 $ 3 $ — $ — $ — $ 4 Collectively evaluated for impairment 189 105 943 2,905 1,046 65 955 6,208 September 30, 2018 Loans receivable: Ending balance-total $ 50,940 $ 56,568 $ 50,914 $ 498,650 $ 29,933 $ 9,510 $ — $ 696,515 Ending balances: Individually evaluated for impairment — — 237 4,466 31 — — 4,734 Collectively evaluated for impairment $ 50,940 $ 56,568 $ 50,677 $ 494,184 $ 29,902 $ 9,510 $ — $ 691,781 (Dollars in thousands) Real estate Real estate Consumer September 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 (5) — — (30 ) — (85 ) — (120 ) Recoveries 3 — 4 158 24 13 — 202 Provisions 41 (10 ) (115 ) (5 ) 81 (38 ) 406 360 Ending balance September 30, 2017 $ 184 $ 94 $ 327 $ 2,916 $ 258 $ 17 $ 1,860 $ 5,656 Ending balances: Individually evaluated for impairment $ — $ — $ 2 $ 29 $ — $ — $ — $ 31 Collectively evaluated for impairment 184 94 325 2,887 258 17 1,860 5,625 September 30, 2017 Loans receivable: Ending balance-total $ 44,917 $ 42,693 $ 44,567 $ 398,777 $ 29,984 $ 7,550 $ — $ 568,488 Ending balances: Individually evaluated for impairment — — 422 4,173 34 — — 4,629 Collectively evaluated for impairment $ 44,917 $ 42,693 $ 44,145 $ 394,604 $ 29,950 $ 7,550 $ — $ 563,859 (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 September 30, 2018 and the three months ended September 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 June 30, 2018 $ 272 $ 112 $ 672 $ 2,618 $ 1,029 $ 113 $ 1,271 $ 6,087 Charge-offs — — — — — (24 ) — (24 ) Recoveries 11 — 1 105 1 10 — 128 Provisions (94) (7) 271 185 16 (34 ) (316 ) 21 Ending balance September 30, 2018 $ 189 $ 105 $ 944 $ 2,908 $ 1,046 $ 65 $ 955 $ 6,212 (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 June 30, 2017 $ 169 $ 76 $ 353 $ 2,845 $ 196 $ 24 $ 1,827 $ 5,490 Charge-offs (5) — — (6) — (41 ) — (52 ) Recoveries — — 2 45 — 5 — 52 Provisions 20 18 (28 ) 32 62 29 33 166 Ending balance September 30, 2017 $ 184 $ 94 $ 327 $ 2,916 $ 258 $ 17 $ 1,860 $ 5,656
Schedule of related party loan	The following table presents related party loan transactions for the nine months ended September 30, 2018 and 2017: (Dollars in thousands) 2018 2017 Beginning Balance December 31, $ 5,938 $ 6,103 New Loans 2,406 339 Less loan repayments 1,999 925 Ending Balance September 30, $ 6,345 $ 5,517
Schedule of loans individually evaluated and considered impaired	The following table presents at September 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) September 30, December 31, 2018 2017 Total loans considered impaired $ 4,734 $ 5,155 Loans considered impaired for which there is a related allowance for loan loss: Outstanding loan balance $ 1,143 $ 1,669 Related allowance $ 4 $ 27 Loans considered impaired and previously written down to fair value $ 3,591 $ 3,485 Average impaired loans $ 5,160 $ 5,513 Amount of interest earned during period of impairment $ 297 $ 132
Schedule of loan category and loans individually evaluated and considered impaired	The following tables are by loan category and present at September 30, 2018, September 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) Nine months ended Three months ended Unpaid Average Interest Average Interest September 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 198 266 — 202 16 197 2 Mortgage-commercial 3,363 6,158 — 3,753 219 3,627 75 Consumer: Home equity 31 32 — 35 1 31 — Other — — — — — — — With an allowance recorded: Commercial, financial, agricultural — — — — — — — Real estate: Construction — — — — — — — Mortgage-residential 39 39 1 41 2 39 1 Mortgage-commercial 1,103 1,103 3 1,129 59 1,103 19 Consumer: Home equity — — — — — — — Other — — — — — — — Total: Commercial, financial, agricultural $ — $ — $ — $ — $ — $ — $ — Real estate: Construction — — — — — — — Mortgage-residential 237 305 1 243 18 236 3 Mortgage-commercial 4,466 7,261 3 4,882 278 4,730 94 Consumer: Home equity 31 32 — 35 1 31 — Other — — — — — — — $ 4,734 $ 7,598 $ 4 $ 5,160 $ 297 $ 4,997 $ 97 (Dollars in thousands) Nine months ended Three months ended September 30, 2017 Unpaid Average Interest Average Interest 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 379 443 — 384 11 378 11 Mortgage-commercial 2,501 5,051 — 2,536 117 2,488 118 Consumer: Home equity 34 34 — 34 — 56 — Other — — — — — — — With an allowance recorded: Commercial, financial, agricultural — — — — — — — Real estate: Construction — — — — — — — Mortgage-residential 43 43 2 43 2 43 1 Mortgage-commercial 1,672 2,293 29 1,678 111 1,671 31 Consumer: Home equity — — — — — — — Other — — — — — — — Total: Commercial, financial, agricultural $ — $ — $ — $ — $ — $ — $ — Real estate: Construction — — — — — — — Mortgage-residential 422 486 2 427 13 421 12 Mortgage-commercial 4,173 7,344 29 4,214 228 4,159 149 Consumer: Home equity 34 34 — 34 — 56 — Other — — — — — — — $ 4,629 $ 7,864 $ 31 $ 4,675 $ 241 $ 4,636 $ 161 (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 $ 5,514 $ 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 September 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 September 30, 2018 and December 31, 2017, no loans were classified as doubtful. (Dollars in thousands) September 30, 2018 Special Pass Mention Substandard Doubtful Total Commercial, financial & agricultural $ 50,722 $ 49 $ 169 $ — $ 50,940 Real estate: Construction 56,568 — — — 56,568 Mortgage – residential 49,359 646 909 — 50,914 Mortgage – commercial 489,712 4,556 4,382 — 498,650 Consumer: Home Equity 28,120 1,465 348 — 29,933 Other 9,507 — 3 — 9,510 Total $ 683,988 $ 6,716 $ 5,811 $ — $ 696,515 (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 nine months ended September 30, 2018 and September 30, 2017 follows: Three Months Ended September 30, 2018 Nine Months Ended September 30, 2018 Accretable yield, beginning of period $ (2 ) $ 22 Accretion (8 ) (32 ) Reclassification of nonaccretable difference due to improvement in expected cash flows — — Accretable yield, end of period $ (10 ) $ (10 ) Three Months Ended September 30, 2017 Nine Months Ended September 30, 2017 Accretable yield, beginning of period $ 50 $ 34 Accretion (29 ) (57 ) Reclassification of nonaccretable difference due to improvement in expected cash flows — 44 Accretable yield, end of period $ 21 $ 21
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 September 30, 2018 and December 31, 2017: (Dollars in thousands) Greater than 30-59 Days 60-89 Days 90 Days and Total September 30, 2018 Past Due Past Due Accruing Nonaccrual Past Due Current Total Loans Commercial $ 5 $ — $ — $ — $ 5 $ 50,935 $ 50,940 Real estate: Construction 24 — — — 24 56,544 56,568 Mortgage-residential 42 121 — 197 360 50,554 50,914 Mortgage-commercial 901 1,339 29 2,676 4,945 493,705 498,650 Consumer: Home equity 177 — — 31 208 29,725 29,933 Other 1 2 — 3 9,507 9,510 $ 1,150 $ 1,462 $ 29 $ 2,904 $ 5,545 $ 690,970 $ 696,515 (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)	9 Months Ended
	Sep. 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 September 30, 2018 and December 31, 2017 are as follows: September 30, 2018 Fair Value (Dollars in thousands) Carrying Amount Total Level 1 Level 2 Level 3 Financial assets: Cash and short term investments $ 36,940 $ 36,940 $ 36,940 $ — $ — Held-to-maturity securities 16,218 16,218 — 16,053 — Available-for-sale securities 251,620 251,620 9 251,611 — Other investments, at cost 2,125 2,125 — — 2,125 Loans held for sale 5,528 5,528 — 5,528 — Net loans receivable 690,303 678,488 — — 678,488 Accrued interest 3,513 3,513 3,513 — — Financial liabilities: Non-interest bearing demand deposits $ 254,270 $ 254,270 $ — $ 254,270 $ — Interest bearing demand deposits and money market accounts 380,036 380,036 — 380,036 — Savings 107,410 107,410 — 107,410 — Time deposits 180,006 180,183 — 180,183 — Total deposits 921,722 921,899 — 921,899 — Federal Home Loan Bank Advances 4,236 4,236 — 4,236 — Short term borrowings 33,226 33,226 — 33,226 — Junior subordinated debentures 14,964 12,564 — 12,564 — Accrued interest payable 714 714 714 — — 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 September 30, 2018 and December 31, 2017 that are measured on a recurring basis. There were no liabilities carried at fair value as of September 30, 2018 or December 31, 2017 that are measured on a recurring basis. (Dollars in thousands) Description September 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 $ 11,755 $ — $ 11,755 $ — Government sponsored enterprises 1,089 — 1,089 — Mortgage-backed securities 136,306 — 136,306 — Small Business Administration pools 51,926 — 51,926 — State and local government 50,525 — 50,525 — Corporate and other securities 19 9 10 — 251,620 9 251,611 — Loans held for sale 5,528 — 5,528 — Total $ 257,148 $ 9 $ 257,139 $ — (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 nine months ended September 30, 2017 measured on a recurring basis. There were no Level 3 financial instruments for the three months ended September 30, 2017 or the three and nine months ended September 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 September 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 September 30, 2018 and December 31, 2017 that are measured on a non-recurring basis. (Dollars in thousands) Description September 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 236 — — 236 Mortgage-commercial 4,463 — — 4,463 Consumer: Home equity 31 — — 31 Other — — — — Total impaired 4,730 — — 4,730 Other real estate owned: Construction 828 — — 828 Mortgage-residential 130 — — 130 Mortgage-commercial 963 — — 963 Total other real estate owned 1,921 — — 1,921 Total $ 6,651 $ — $ — $ 6,651 (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 September 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 September 30, 2018 Valuation Technique Significant Observable Inputs Significant Unobservable Inputs OREO $ 1,921 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 $ 4,730 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)	9 Months Ended
	Sep. 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: September 30, December 31, Dollars in thousands 2018 2017 Non-interest bearing demand deposits $ 254,270 $ 226,546 Interest bearing demand deposits and money market accounts 380,036 364,358 Savings 107,410 104,756 Time deposits 180,006 192,663 Total deposits $ 921,722 $ 888,323

REPORTABLE SEGMENTS (Tables)

REPORTABLE SEGMENTS (Tables)	9 Months Ended
	Sep. 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: Nine months ended September 30, 2018 Commercial Investment (Dollars in thousands) and Retail Mortgage advisory and Banking Banking non-deposit Corporate Eliminations Consolidated Dividend and Interest Income $ 28,513 $ 622 $ — $ 2,779 $ (2,779 ) $ 29,135 Interest expense 2,251 — — 528 — 2,779 Net interest income $ 26,262 $ 622 $ — $ 2,251 $ (2,779 ) $ 26,356 Provision for loan losses 252 — — — — 252 Noninterest income 4,051 3,126 1,207 — — 8,384 Noninterest expense 20,105 2,515 1,047 286 — 23,953 Net income before taxes $ 9,956 $ 1,233 $ 160 $ 1,965 $ (2,779 ) $ 10,535 Income tax provision (benefit) 2,173 — — (181 ) — 1,992 Net income $ 7,783 $ 1,233 $ 160 $ 2,146 $ (2,779 ) $ 8,543 Three months ended September 30, 2018 Commercial Investment (Dollars in thousands) and Retail Mortgage advisory and Banking Banking non-deposit Corporate Eliminations Consolidated Dividend and Interest Income $ 9,772 $ 213 $ — $ 947 $ (947 ) 9,985 Interest expense 915 — — 187 — 1,102 Net interest income $ 8,857 $ 213 $ — $ 760 $ (947 ) $ 8,883 Provision for loan losses 21 — — — — 21 Noninterest income 1,260 1,159 423 — — 2,842 Noninterest expense 6,796 937 324 77 — 8,134 Net income before taxes $ 3,300 $ 435 $ 99 $ 683 $ (947 ) $ 3,570 Income tax provision (benefit) 791 — — (54 ) — 737 Net income $ 2,509 $ 435 $ 99 $ 737 $ (947 ) $ 2,833 Nine months ended September 30, 2017 Commercial Investment (Dollars in thousands) and Retail Mortgage advisory and Banking Banking non-deposit Corporate Eliminations Consolidated Dividend and Interest Income $ 23,072 $ 331 $ — $ 2,191 $ (2,178 ) $ 23,416 Interest expense 1,660 — — 420 — 2,080 Net interest income $ 21,412 $ 331 $ — $ 1,771 $ (2,178 ) $ 21,336 Provision for loan losses 360 — — — — 360 Noninterest income 3,097 2,950 908 90 — 7,045 Noninterest expense 17,699 2,181 839 265 — 20,984 Net income before taxes $ 6,450 $ 1,100 $ 69 $ 1,596 $ (2,178 ) $ 7,037 Income tax provision (benefit) 2,037 — — (313 ) — 1,724 Net income $ 4,413 $ 1,100 $ 69 $ 1,909 $ (2,178 ) $ 5,313 Three months ended September 30, 2017 Commercial Investment (Dollars in thousands) and Retail Mortgage advisory and Banking Banking non-deposit Corporate Eliminations Consolidated Dividend and Interest Income $ 7,763 $ 153 $ — $ 747 $ (742 ) 7,921 Interest expense 547 — — 147 — 694 Net interest income $ 7,216 $ 153 $ — $ 600 $ (742 ) $ 7,227 Provision for loan losses 166 — — — — 166 Noninterest income 1,053 1,032 337 — — 2,422 Noninterest expense 5,780 769 262 83 — 6,894 Net income before taxes $ 2,323 $ 416 $ 75 $ 517 $ (742 ) $ 2,589 Income tax provision (benefit) 772 — — (76 ) — 696 Net income $ 1,551 $ 416 $ 75 $ 593 $ (742 ) $ 1,893 Commercial Investment (Dollars in thousands) and Retail Mortgage advisory and Banking Banking non-deposit Corporate Eliminations Consolidated Total Assets as of September 30, 2018 $ 1,075,604 $ 14,580 $ 13 $ 127,929 $ (126,984 ) $ 1,091,142 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)	9 Months Ended
	Sep. 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 (452 )(e) 2,630 Total assets $ 144,543 $ 839 $ 145,382 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 96 (g) 416 Total liabilities 127,617 246 127,863 Net identifiable assets acquired over liabilities assumed 16,926 593 17,519 Goodwill — 9,558 9,558 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. (g)—Adjustment reflects the fair value adjustment on post-retirement benefits.
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 Nine Months (Dollars in thousands) Ended Ended Total revenues (net interest income plus noninterest income) $ 13,310 $ 34,660 Net income $ 1,618 $ 5,168

EARNINGS PER SHARE (Details)

EARNINGS PER SHARE (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2018	Sep. 30, 2017	Sep. 30, 2018	Sep. 30, 2017
Earnings Per Share [Abstract]
Numerator (Included in basic and diluted earnings per share)	$ 2,833	$ 1,893	$ 8,543	$ 5,313
Weighted average common shares outstanding for:
Basic earnings common per share (in shares)	7,592,000	6,666,000	7,581,000	6,666,000
Dilutive securities:
Deferred compensation (in shares)	61,000	54,000	65,000	54,000
Warrants - Treasury stock method (in shares)	71,000	88,000	73,000	88,000
Diluted earnings per share (in shares)	7,724,000	6,808,000	7,719,000	6,808,000
The average market price used in calculating assumed number of shares (in dollars per share)	$ 23.49	$ 20.66	$ 25.33	$ 20.59

EARNINGS PER SHARE (Details Nar

EARNINGS PER SHARE (Details Narrative) - USD ($) $ in Thousands	Dec. 16, 2011	Sep. 30, 2018
Junior Subordinated Debt [Member]
Debt issued	$ 2,500
Common Warrant [Member]
Warrants issued (in shares)	107,500
Warrants outstanding		71,810

INVESTMENT SECURITIES (Details)

INVESTMENT SECURITIES (Details) - USD ($) $ in Thousands	9 Months Ended	12 Months Ended
	Sep. 30, 2018	Dec. 31, 2017
Debt Securities, Available-for-sale [Line Items]
Amortized Cost	$ 257,414	$ 265,386
Gross Unrealized Gains	484	1,992
Gross Unrealized Losses	6,278	2,554
Fair Value	251,620	264,824
US Treasury Securities [Member]
Debt Securities, Available-for-sale [Line Items]
Amortized Cost	11,823	1,529
Gross Unrealized Gains
Gross Unrealized Losses	68	24
Fair Value	11,755	1,505
Government sponsored enterprises [Member]
Debt Securities, Available-for-sale [Line Items]
Amortized Cost	1,094	1,085
Gross Unrealized Gains		24
Gross Unrealized Losses	5
Fair Value	1,089	1,109
Government Sponsored Enterprise mortgage-backed securities [Member]
Debt Securities, Available-for-sale [Line Items]
Amortized Cost	140,335	145,185
Gross Unrealized Gains	44	285
Gross Unrealized Losses	4,073	1,702
Fair Value	136,306	143,768
Small Business Administration pools [Member]
Debt Securities, Available-for-sale [Line Items]
Amortized Cost	52,670	61,544
Gross Unrealized Gains	147	374
Gross Unrealized Losses	891	330
Fair Value	51,926	61,588
State and local government [Member]
Debt Securities, Available-for-sale [Line Items]
Amortized Cost	51,473	55,111
Gross Unrealized Gains	293	1,309
Gross Unrealized Losses	1,241	416
Fair Value	50,525	56,004
Corporate and other securities [Member]
Debt Securities, Available-for-sale [Line Items]
Amortized Cost	19	932
Gross Unrealized Gains
Gross Unrealized Losses		82
Fair Value	$ 19	$ 850

INVESTMENT SECURITIES (Details

INVESTMENT SECURITIES (Details 2) - USD ($) $ in Thousands	Sep. 30, 2018	Dec. 31, 2017
Debt and Equity Securities, FV-NI [Line Items]
Amortized Cost	$ 16,218	$ 17,012
Gross Unrealized Gains	13	223
Gross Unrealized Losses	178	15
Fair Value	16,053	17,220
State and local government [Member]
Debt and Equity Securities, FV-NI [Line Items]
Amortized Cost	16,218	17,012
Gross Unrealized Gains	13	223
Gross Unrealized Losses	178	15
Fair Value	$ 16,053	$ 17,220

INVESTMENT SECURITIES (Detail_2

INVESTMENT SECURITIES (Details 3) - USD ($) $ in Thousands	Sep. 30, 2018	Dec. 31, 2017
Available-for-sale securities
Less Than 12 Months, Fair Value	$ 123,788	$ 71,623
Less Than 12 Months, Unrealized Losses	2,347	599
12 Months Or Longer, Fair Value	83,170	77,667
12 Months Or Longer, Unrealized Losses	3,931	1,955
Total Fair Value	206,958	149,290
Total Unrealized Losses	6,278	2,554
US Treasury Securities [Member]
Available-for-sale securities
Less Than 12 Months, Fair Value	10,279
Less Than 12 Months, Unrealized Losses	22
12 Months Or Longer, Fair Value	1,475	1,505
12 Months Or Longer, Unrealized Losses	46	24
Total Fair Value	11,754	1,505
Total Unrealized Losses	68	24
Government sponsored enterprises [Member]
Available-for-sale securities
Less Than 12 Months, Fair Value	1,088
Less Than 12 Months, Unrealized Losses	5
12 Months Or Longer, Fair Value
12 Months Or Longer, Unrealized Losses
Total Fair Value	1,088
Total Unrealized Losses	5
Government Sponsored Enterprise mortgage-backed securities [Member]
Available-for-sale securities
Less Than 12 Months, Fair Value	68,482	50,377
Less Than 12 Months, Unrealized Losses	1,536	420
12 Months Or Longer, Fair Value	53,336	46,071
12 Months Or Longer, Unrealized Losses	2,537	1,282
Total Fair Value	121,818	96,448
Total Unrealized Losses	4,073	1,702
Small Business Administration pools [Member]
Available-for-sale securities
Less Than 12 Months, Fair Value	22,118	17,607
Less Than 12 Months, Unrealized Losses	386	164
12 Months Or Longer, Fair Value	15,594	16,311
12 Months Or Longer, Unrealized Losses	505	166
Total Fair Value	37,712	33,918
Total Unrealized Losses	891	330
State and local government [Member]
Available-for-sale securities
Less Than 12 Months, Fair Value	21,821	3,639
Less Than 12 Months, Unrealized Losses	398	15
12 Months Or Longer, Fair Value	12,765	12,990
12 Months Or Longer, Unrealized Losses	843	401
Total Fair Value	34,586	16,629
Total Unrealized Losses	1,241	416
Held-to-maturity debt securities
Less Than 12 Months, Fair Value	13,622	2,899
Less Than 12 Months, Unrealized Losses	178	15
12 Months Or Longer, Fair Value
12 Months Or Longer, Unrealized Losses
Total Fair Value	13,622	2,899
Total Unrealized Losses	$ 178	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 (Detail_3

INVESTMENT SECURITIES (Details 4) - USD ($) $ in Thousands	Sep. 30, 2018	Dec. 31, 2017
Available-for-sale, Amortized Cost
Due in one year or less	$ 17,686
Due after one year through five years	150,575
Due after five years through ten years	80,047
Due after ten years	9,106
Total	257,414
Available-for-sale, Fair Value
Due in one year or less	17,670
Due after one year through five years	147,607
Due after five years through ten years	77,462
Due after ten years	8,881
Total	251,620
Held To Maturity Securities, Amortized Cost
Due in one year or less
Due after one year through five years	9,187
Due after five years through ten years	7,031
Due after ten years
Total	16,218	$ 17,012
Held To Maturity Securities, Fair value
Due in one year or less
Due after one year through five years	9,129
Due after five years through ten years	6,924
Due after ten years
Total	$ 16,053	$ 17,220

INVESTMENT SECURITIES (Detail_4

INVESTMENT SECURITIES (Details Narrative) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2018	Sep. 30, 2017	Sep. 30, 2018	Sep. 30, 2017	Dec. 31, 2017
Proceeds from sale of investment securities available-for-sale	$ 0	$ 2,300	$ 19,946	$ 12,867
Gross realized gains		124	241	371
Gross realized losses			247	21
Amortized Cost	257,414		257,414
Fair Value	251,620		251,620
FHLB Stock	956		956		$ 1,600
Gain (loss) on sale of securities		$ 124	(10)	$ 350
Held-to-maturity Securities [Member]
Gain (loss) on sale of securities			4
Mutual Funds [Member]
Fair Value	9		9		790
Foreign Corporate Debt Securities [Member]
Fair Value	10		10		60
Corporate Bond Securities [Member]
Fair Value	$ 1,000		$ 1,000		$ 1,000

LOANS (Details)

LOANS (Details) - USD ($) $ in Thousands	Sep. 30, 2018	Dec. 31, 2017	Sep. 30, 2017
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans	$ 696,515	$ 646,805	$ 568,488
Commercial Financial and Agricultural Loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans	50,940	51,040	44,917
Real Estate Construction Loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans	56,568	45,401	42,693
Real estate Mortgage-residential [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans	50,914	46,901	44,567
Real estate Mortgage-commercial [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans	498,650	460,276	398,777
Consumer Home Equity Line of Credit [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans	29,933	32,451	29,984
Consumer Other Financing Receivable [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans	$ 9,510	$ 10,736	$ 7,550

LOANS (Details 2)

LOANS (Details 2) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended		12 Months Ended
	Sep. 30, 2018	Sep. 30, 2017	Sep. 30, 2018	Sep. 30, 2017	Dec. 31, 2017
Activity in the allowance for loan losses
Balance at the beginning of the period	$ 6,087	$ 5,490	$ 5,797	$ 5,214	$ 5,214
Charge-offs	(24)	(52)	(110)	(120)	(173)
Recoveries	128	52	273	202	226
Provisions	21	166	252	360	530
Balance at end of the period	6,212	5,656	6,212	5,656	5,797
Allowance for loan losses
Individually evaluated for impairment	4	31	4	31	27
Collectively evaluated for impairment	6,208	5,625	6,208	5,625	5,770
Loans receivable:
Ending balance-total	696,515	568,488	696,515	568,488	646,805
Individually evaluated for impairment	4,734	4,629	4,734	4,629	5,155
Collectively evaluated for impairment	691,781	563,859	691,781	563,859	641,650
Commercial Financial and Agricultural Loans [Member]
Activity in the allowance for loan losses
Balance at the beginning of the period	272	169	221	145	145
Charge-offs		(5)		(5)	(5)
Recoveries	11		14	3	5
Provisions	(94)	20	(46)	41	76
Balance at end of the period	189	184	189	184	221
Allowance for loan losses
Individually evaluated for impairment
Collectively evaluated for impairment	189	184	189	184	221
Loans receivable:
Ending balance-total	50,940	44,917	50,940	44,917	51,040
Individually evaluated for impairment
Collectively evaluated for impairment	50,940	44,917	50,940	44,917	51,040
Real Estate Construction Loans [Member]
Activity in the allowance for loan losses
Balance at the beginning of the period	112	76	101	104	104
Charge-offs
Recoveries
Provisions	(7)	18	4	(10)	(3)
Balance at end of the period	105	94	105	94	101
Allowance for loan losses
Individually evaluated for impairment
Collectively evaluated for impairment	105	94	105	94	101
Loans receivable:
Ending balance-total	56,568	42,693	56,568	42,693	45,401
Individually evaluated for impairment
Collectively evaluated for impairment	56,568	42,693	56,568	42,693	45,401
Real estate Mortgage-residential [Member]
Activity in the allowance for loan losses
Balance at the beginning of the period	672	353	461	438	438
Charge-offs			(1)
Recoveries	1	2	3	4	5
Provisions	271	(28)	481	(115)	18
Balance at end of the period	944	327	944	327	461
Allowance for loan losses
Individually evaluated for impairment	1	2	1	2	2
Collectively evaluated for impairment	943	325	943	325	459
Loans receivable:
Ending balance-total	50,914	44,567	50,914	44,567	46,901
Individually evaluated for impairment	237	422	237	422	413
Collectively evaluated for impairment	50,677	44,145	50,677	44,145	46,488
Real estate Mortgage-commercial [Member]
Activity in the allowance for loan losses
Balance at the beginning of the period	2,618	2,845	3,077	2,793	2,793
Charge-offs		(6)		(30)	(30)
Recoveries	105	45	219	158	172
Provisions	185	32	(388)	(5)	142
Balance at end of the period	2,908	2,916	2,908	2,916	3,077
Allowance for loan losses
Individually evaluated for impairment	3	29	3	29	25
Collectively evaluated for impairment	2,905	2,887	2,905	2,887	3,052
Loans receivable:
Ending balance-total	498,650	398,777	498,650	398,777	460,276
Individually evaluated for impairment	4,466	4,173	4,466	4,173	4,742
Collectively evaluated for impairment	494,184	394,604	494,184	394,604	455,534
Consumer Home Equity Line of Credit [Member]
Activity in the allowance for loan losses
Balance at the beginning of the period	1,029	196	308	153	153
Charge-offs					(7)
Recoveries	1		6	24	24
Provisions	16	62	732	81	138
Balance at end of the period	1,046	258	1,046	258	308
Allowance for loan losses
Individually evaluated for impairment
Collectively evaluated for impairment	1,046	258	1,046	258	308
Loans receivable:
Ending balance-total	29,933	29,984	29,933	29,984	32,451
Individually evaluated for impairment	31	34	31	34
Collectively evaluated for impairment	29,902	29,950	29,902	29,950	32,451
Consumer Other Financing Receivable [Member]
Activity in the allowance for loan losses
Balance at the beginning of the period	113	24	35	127	127
Charge-offs	(24)	(41)	(109)	(85)	(131)
Recoveries	10	5	31	13	20
Provisions	(34)	29	108	(38)	19
Balance at end of the period	65	17	65	17	35
Allowance for loan losses
Individually evaluated for impairment
Collectively evaluated for impairment	65	17	65	17	35
Loans receivable:
Ending balance-total	9,510	7,550	9,510	7,550	10,736
Individually evaluated for impairment
Collectively evaluated for impairment	9,510	7,550	9,510	7,550	10,736
Unallocated Financing Receivables [Member]
Activity in the allowance for loan losses
Balance at the beginning of the period	1,271	1,827	1,594	1,454	1,454
Charge-offs
Recoveries
Provisions	(316)	33	(639)	406	140
Balance at end of the period	955	1,860	955	1,860	1,594
Allowance for loan losses
Individually evaluated for impairment
Collectively evaluated for impairment	955	1,860	955	1,860	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		9 Months Ended		12 Months Ended
	Sep. 30, 2018	Sep. 30, 2017	Sep. 30, 2018	Sep. 30, 2017	Dec. 31, 2017
Loans and Leases Receivable, Related Parties [Roll Forward]
Balance, beginning of year			$ 5,938	$ 6,103	$ 6,103
New Loans			2,406	339
Less loan repayments			1,999	925
Balance, end of year	$ 6,345	$ 5,517	6,345	5,517	5,938
Loans considered impaired for which there is a related allowance for loan loss:
Total loans considered impaired at year end	4,734	4,629	4,734	4,629	5,155
Outstanding loan balance	1,143		1,143		1,669
Related allowance	4	31	4	31	27
Loans considered impaired and previously written down to fair value	3,591		3,591		3,485
Average impaired loans	4,997	4,636	5,160	4,675	5,513
Amount of interest earned during period of impairment	$ 97	$ 161	$ 297	$ 241	$ 132

LOANS (Details 4)

LOANS (Details 4) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended		12 Months Ended
	Sep. 30, 2018	Sep. 30, 2017	Sep. 30, 2018	Sep. 30, 2017	Dec. 31, 2017
With no allowance recorded:
Recorded Investment	$ 3,591		$ 3,591		$ 3,485
With an allowance recorded:
Recorded Investment	1,143		1,143		1,669
Related allowance	4	$ 31	4	$ 31	27
Total:
Recorded Investment	4,734	4,629	4,734	4,629	5,155
Unpaid Principal Balance	7,598	7,864	7,598	7,864	8,706
Average Recorded Investment	4,997	4,636	5,160	4,675	5,513
Interest Income Recognized	97	161	297	241	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	198	379	198	379	371
Unpaid Principal Balance	266	443	266	443	437
Average Recorded Investment	197	378	202	384	399
Interest Income Recognized	2	11	16	11
With an allowance recorded:
Recorded Investment	39	43	39	43	42
Unpaid Principal Balance	39	43	39	43	42
Related allowance	1	2	1	2	2
Average Recorded Investment	39	43	41	43	43
Interest Income Recognized	1	1	2	2	2
Total:
Recorded Investment	237	422	237	422	413
Unpaid Principal Balance	305	486	305	486	479
Average Recorded Investment	236	421	243	427	442
Interest Income Recognized	3	12	18	13	2
Real estate Mortgage-commercial [Member]
With no allowance recorded:
Recorded Investment	3,363	2,501	3,363	2,501	3,087
Unpaid Principal Balance	6,158	5,051	6,158	5,051	5,966
Average Recorded Investment	3,627	2,488	3,753	2,536	3,420
Interest Income Recognized	75	118	219	117	13
With an allowance recorded:
Recorded Investment	1,103	1,672	1,103	1,672	1,655
Unpaid Principal Balance	1,103	2,293	1,103	2,293	2,261
Related allowance	3	29	3	29	25
Average Recorded Investment	1,103	1,671	1,129	1,678	1,652
Interest Income Recognized	19	31	59	111	117
Total:
Recorded Investment	4,466	4,173	4,466	4,173	4,742
Unpaid Principal Balance	7,261	7,344	7,261	7,344	8,227
Average Recorded Investment	4,730	4,159	4,882	4,214	5,072
Interest Income Recognized	94	149	278	228	130
Consumer Home Equity Line of Credit [Member]
With no allowance recorded:
Recorded Investment	31	34	31	34
Unpaid Principal Balance	32	34	32	34
Average Recorded Investment	31	56	35	34
Interest Income Recognized			1
With an allowance recorded:
Recorded Investment
Unpaid Principal Balance
Related allowance
Average Recorded Investment
Interest Income Recognized
Total:
Recorded Investment	31	34	31	34
Unpaid Principal Balance	32	34	32	34
Average Recorded Investment	31	56	35	34
Interest Income Recognized			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	Sep. 30, 2018	Dec. 31, 2017	Sep. 30, 2017
Loans	$ 696,515	$ 646,805	$ 568,488
Commercial Financial and Agricultural Loans [Member]
Loans	50,940	51,040	44,917
Real Estate Construction Loans [Member]
Loans	56,568	45,401	42,693
Real estate Mortgage-residential [Member]
Loans	50,914	46,901	44,567
Real estate Mortgage-commercial [Member]
Loans	498,650	460,276	398,777
Consumer Home Equity Line of Credit [Member]
Loans	29,933	32,451	29,984
Consumer Other Financing Receivable [Member]
Loans	9,510	10,736	$ 7,550
Pass [Member]
Loans	683,988	629,304
Pass [Member] | Commercial Financial and Agricultural Loans [Member]
Loans	50,722	50,680
Pass [Member] | Real Estate Construction Loans [Member]
Loans	56,568	45,401
Pass [Member] | Real estate Mortgage-residential [Member]
Loans	49,359	45,343
Pass [Member] | Real estate Mortgage-commercial [Member]
Loans	489,712	446,531
Pass [Member] | Consumer Home Equity Line of Credit [Member]
Loans	28,120	30,618
Pass [Member] | Consumer Other Financing Receivable [Member]
Loans	9,507	10,731
Special Mention [Member]
Loans	6,716	10,121
Special Mention [Member] | Commercial Financial and Agricultural Loans [Member]
Loans	49	179
Special Mention [Member] | Real Estate Construction Loans [Member]
Loans
Special Mention [Member] | Real estate Mortgage-residential [Member]
Loans	646	720
Special Mention [Member] | Real estate Mortgage-commercial [Member]
Loans	4,556	7,698
Special Mention [Member] | Consumer Home Equity Line of Credit [Member]
Loans	1,465	1,524
Special Mention [Member] | Consumer Other Financing Receivable [Member]
Loans
Substandard [Member]
Loans	5,811	7,380
Substandard [Member] | Commercial Financial and Agricultural Loans [Member]
Loans	169	181
Substandard [Member] | Real Estate Construction Loans [Member]
Loans
Substandard [Member] | Real estate Mortgage-residential [Member]
Loans	909	838
Substandard [Member] | Real estate Mortgage-commercial [Member]
Loans	4,382	6,047
Substandard [Member] | Consumer Home Equity Line of Credit [Member]
Loans	348	309
Substandard [Member] | Consumer Other Financing Receivable [Member]
Loans	3	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		9 Months Ended
	Sep. 30, 2018	Sep. 30, 2017	Sep. 30, 2018	Sep. 30, 2017
Disclosure Loans Details 9Abstract
Accretable yield, beginning of period	$ (2)	$ 50	$ 22	$ 34
Accretion	(8)	(29)	(32)	(57)
Reclassification of nonaccretable difference due to improvement in expected cash flows				44
Accretable yield, end of period	$ (10)	$ 21	$ (10)	$ 21

LOANS (Details 7)

LOANS (Details 7) - USD ($) $ in Thousands	Sep. 30, 2018	Dec. 31, 2017	Sep. 30, 2017
Financing Receivable, Recorded Investment, Past Due [Line Items]
30-59 Days Past Due	$ 1,150	$ 1,231
60-89 Days Past Due	1,462	907
Greater than 90 Days and Accruing	29	32
Nonaccrual	2,904	3,342
Total Past Due	5,545	5,512
Current	690,970	641,293
Total Loans	696,515	646,805	$ 568,488
Commercial Financial and Agricultural Loans [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
30-59 Days Past Due	5	26
60-89 Days Past Due
Greater than 90 Days and Accruing		32
Nonaccrual
Total Past Due	5	58
Current	50,935	50,982
Total Loans	50,940	51,040	44,917
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
Nonaccrual
Total Past Due	24
Current	56,544	45,401
Total Loans	56,568	45,401	42,693
Real estate Mortgage-residential [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
30-59 Days Past Due	42	109
60-89 Days Past Due	121	38
Greater than 90 Days and Accruing
Nonaccrual	197	371
Total Past Due	360	518
Current	50,554	46,383
Total Loans	50,914	46,901	44,567
Real estate Mortgage-commercial [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
30-59 Days Past Due	901	290
60-89 Days Past Due	1,339	828
Greater than 90 Days and Accruing	29
Nonaccrual	2,676	2,971
Total Past Due	4,945	4,089
Current	493,705	456,187
Total Loans	498,650	460,276	398,777
Consumer Home Equity Line of Credit [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
30-59 Days Past Due	177	805
60-89 Days Past Due		36
Greater than 90 Days and Accruing
Nonaccrual	31
Total Past Due	208	841
Current	29,725	31,610
Total Loans	29,933	32,451	29,984
Consumer Other Financing Receivable [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
30-59 Days Past Due	1	1
60-89 Days Past Due	2	5
Greater than 90 Days and Accruing
Nonaccrual
Total Past Due	3	6
Current	9,507	10,730
Total Loans	$ 9,510	$ 10,736	$ 7,550

LOANS (Details Narrative)

LOANS (Details Narrative) - USD ($) $ in Thousands	Sep. 30, 2018	Dec. 31, 2017
Receivables [Abstract]
Non-accrual loans	$ 2,904	$ 3,342
Troubled debt restructurings	1,800	1,800
TDRs in non-accrual status	1,200	1,200
Loans greater than ninety days delinquent and still accruing interest	$ 29	$ 32

FAIR VALUE MEASUREMENT (Details

FAIR VALUE MEASUREMENT (Details) - USD ($) $ in Thousands	Sep. 30, 2018	Dec. 31, 2017
Financial Assets:
Held-to-maturity securities	$ 16,053	$ 17,220
Available-for-sale securities	251,620	264,824
Other investments, at cost	2,125	2,559
Financial liabilities:
Non-interest bearing demand	254,270	226,546
Interest bearing demand deposits and money market accounts	380,036	364,358
Savings	107,410	104,756
Time deposits	180,006	192,663
Fair Value, Inputs, Level 1 [Member]
Financial Assets:
Cash and short term investments	36,940	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	3,513	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	714	562
Fair Value, Inputs, Level 2 [Member]
Financial Assets:
Cash and short term investments
Held-to-maturity securities	16,053	17,220
Available-for-sale securities	251,611	264,034
Other investments, at cost
Loans held for sale	5,528	5,093
Net loans receivable		634,361
Accrued interest
Financial liabilities:
Non-interest bearing demand	254,270	226,546
Interest bearing demand deposits and money market accounts	380,036	364,358
Savings	107,410	104,756
Time deposits	180,183	192,186
Total deposits	921,899	887,846
Federal Home Loan Bank Advances	4,236	14,248
Short term borrowings	33,226	19,270
Junior subordinated debentures	12,564	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	2,125	2,559
Loans held for sale
Net loans receivable	678,488	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	36,940	30,591
Held-to-maturity securities	16,218	17,012
Available-for-sale securities	251,620	264,824
Other investments, at cost	2,125	2,559
Loans held for sale	5,528	5,093
Net loans receivable	690,303	641,008
Accrued interest	3,513	3,489
Financial liabilities:
Non-interest bearing demand	254,270	226,546
Interest bearing demand deposits and money market accounts	380,036	364,358
Savings	107,410	104,756
Time deposits	180,006	192,663
Total deposits	921,722	888,323
Federal Home Loan Bank Advances	4,236	14,250
Short term borrowings	33,226	19,270
Junior subordinated debentures	14,964	14,964
Accrued interest payable	714	562
Estimate of Fair Value, Fair Value Disclosure [Member]
Financial Assets:
Cash and short term investments	36,940	30,591
Held-to-maturity securities	16,218	17,220
Available-for-sale securities	251,620	264,824
Other investments, at cost	2,125	2,559
Loans held for sale	5,528	5,093
Net loans receivable	678,488	639,489
Accrued interest	3,513	3,489
Financial liabilities:
Non-interest bearing demand	254,270	226,546
Interest bearing demand deposits and money market accounts	380,036	364,358
Savings	107,410	104,756
Time deposits	180,183	192,186
Total deposits	921,899	887,846
Federal Home Loan Bank Advances	4,236	14,248
Short term borrowings	33,226	19,270
Junior subordinated debentures	12,564	15,025
Accrued interest payable	$ 714	$ 562

FAIR VALUE MEASUREMENT (Detai_2

FAIR VALUE MEASUREMENT (Details 2) - USD ($) $ in Thousands	Sep. 30, 2018	Dec. 31, 2017
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investment securities available-for-sale	$ 251,620	$ 264,824
Loans held for sale	5,528	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	251,620	264,824
US Treasury Securities [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investment securities available-for-sale	11,755	1,505
Government sponsored enterprises [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investment securities available-for-sale	1,089	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	51,926	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	50,525	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	19	850
Fair Value, Measurements, Recurring [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investment securities available-for-sale	251,620	264,824
Loans held for sale	5,528	5,093
Total Available for sale securities and Loans held for Sale	257,148	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	11,755	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	1,089	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	136,306	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	51,926	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	50,525	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	19	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	251,611	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	251,611	264,034
Loans held for sale	5,528	5,093
Total Available for sale securities and Loans held for Sale	257,139	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	11,755	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	1,089	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	136,306	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	51,926	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	50,525	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	10	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

FAIR VALUE MEASUREMENT (Detai_3

FAIR VALUE MEASUREMENT (Details 3) - Corporate Preferred Stock [Member] $ in Thousands	9 Months Ended
	Sep. 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 (Detai_4

FAIR VALUE MEASUREMENT (Details 4) - USD ($) $ in Thousands	Sep. 30, 2018	Dec. 31, 2017	Sep. 30, 2017
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total impaired loans	$ 4,734	$ 5,155	$ 4,629
Total other real estate owned	1,921	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	4,730	5,128
Total other real estate owned	1,921	1,934
Total	6,651	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	4,730	5,128
Total other real estate owned	1,921	1,934
Total	6,651	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	236	411
Total other real estate owned	130	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	236	411
Total other real estate owned	130	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	4,463	4,717
Total other real estate owned	963	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	4,463	4,717
Total other real estate owned	963	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	31
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	31
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 (Detai_5

FAIR VALUE MEASUREMENT (Details 5) - USD ($) $ in Thousands	9 Months Ended	12 Months Ended
	Sep. 30, 2018	Dec. 31, 2017	Sep. 30, 2017
OREO	$ 1,921	$ 1,934
Total impaired loans	4,734	5,155	$ 4,629
Other Real Estate Owned [Member] | Fair Value, Inputs, Level 3 [Member] | Appraisal Value Comparison Sales Other Estimates Valuation Technique [Member]
OREO	$ 1,921	$ 1,934
Other Real Estate Owned [Member] | Fair Value, Inputs, Level 3 [Member] | Minimum [Member] | Appraisal Value Comparison Sales Other Estimates Valuation Technique [Member] | Measurement Input, Discount Rate [Member]
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] | Measurement Input, Discount Rate [Member]
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]
Total impaired loans	$ 4,730	$ 5,128
Impaired Loans [Member] | Fair Value, Inputs, Level 3 [Member] | Minimum [Member] | Appraisal Value Discounted Cash Flows Valuation Technique [Member] | Measurement Input, Discount Rate [Member]
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] | Measurement Input, Discount Rate [Member]
Rate (as a percent)	16.00%	16.00%

DEPOSITS (Details)

DEPOSITS (Details) - USD ($) $ in Thousands	Sep. 30, 2018	Dec. 31, 2017
Disclosure Deposits Details Abstract
Non-interest bearing demand deposits	$ 254,270	$ 226,546
NOW and money market accounts	380,036	364,358
Savings	107,410	104,756
Time deposits	180,006	192,663
Total deposits	921,722	888,323
Time deposits FDIC insurance limit of $250 thousand	$ 27,500	$ 38,400

REPORTABLE SEGMENTS (Details)

REPORTABLE SEGMENTS (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended		12 Months Ended
	Sep. 30, 2018	Sep. 30, 2017	Sep. 30, 2018	Sep. 30, 2017	Dec. 31, 2017
Dividend and Interest Income	$ 9,985	$ 7,921	$ 29,135	$ 23,416
Interest expense	1,102	694	2,779	2,080
Net interest income	8,883	7,227	26,356	21,336
Provision for loan losses	21	166	252	360	$ 530
Noninterest income	2,842	2,422	8,384	7,045
Noninterest expense	8,134	6,894	23,953	20,984
Net income before taxes	3,570	2,589	10,535	7,037
Income tax benefit	737	696	1,992	1,724
Net income (loss)	2,833	1,893	8,543	5,313
Total assets	1,091,142		1,091,142		1,050,731
Commercial And Retail Banking [Member]
Dividend and Interest Income	9,772	7,763	28,513	23,072
Interest expense	915	547	2,251	1,660
Net interest income	8,857	7,216	26,262	21,412
Provision for loan losses	21	166	252	360
Noninterest income	1,260	1,053	4,051	3,097
Noninterest expense	6,796	5,780	20,105	17,699
Net income before taxes	3,300	2,323	9,956	6,450
Income tax benefit	791	772	2,173	2,037
Net income (loss)	2,509	1,551	7,783	4,413
Total assets	1,075,604		1,075,604		1,033,483
Mortgage Banking [Member]
Dividend and Interest Income	213	153	622	331
Interest expense
Net interest income	213	153	622	331
Provision for loan losses
Noninterest income	1,159	1,032	3,126	2,950
Noninterest expense	937	769	2,515	2,181
Net income before taxes	435	416	1,233	1,100
Income tax benefit
Net income (loss)	435	416	1,233	1,100
Total assets	14,580		14,580		16,298
Investment Advisory And Non Deposit [Member]
Dividend and Interest Income
Interest expense
Net interest income
Provision for loan losses
Noninterest income	423	337	1,207	908
Noninterest expense	324	262	1,047	839
Net income before taxes	99	75	160	69
Income tax benefit
Net income (loss)	99	75	160	69
Total assets	13		13		19
Corporate [Member]
Dividend and Interest Income	947	747	2,779	2,191
Interest expense	187	147	528	420
Net interest income	760	600	2,251	1,771
Provision for loan losses
Noninterest income				90
Noninterest expense	77	83	286	265
Net income before taxes	683	517	1,965	1,596
Income tax benefit	(54)	(76)	(181)	(313)
Net income (loss)	737	593	2,146	1,909
Total assets	127,929		127,929		121,326
Eliminations [Member]
Dividend and Interest Income	(947)	(742)	(2,779)	(2,178)
Interest expense
Net interest income	(947)	(742)	(2,779)	(2,178)
Provision for loan losses
Noninterest income
Noninterest expense
Net income before taxes	(947)	(742)	(2,779)	(2,178)
Income tax benefit
Net income (loss)	(947)	$ (742)	(2,779)	$ (2,178)
Total assets	$ (126,984)		$ (126,984)		$ (120,395)

MERGERS AND ACQUISITIONS (Detai

MERGERS AND ACQUISITIONS (Details) - USD ($) $ / shares in Units, $ in Thousands		Oct. 20, 2017	Sep. 30, 2018	Dec. 31, 2017	Sep. 30, 2017
Assets
Loans			$ 696,515	$ 646,805	$ 568,488
Premises and equipment			34,405	36,103
Intangible assets			2,142	2,569
Bank owned life insurance			25,579	25,413
Total assets			1,091,142	1,050,731
Deposits:
Non-interest bearing demand			254,270	226,546
Interest bearing			667,452	661,777
Total deposits			921,722	888,323
Securities sold under agreements to repurchase			33,226	19,270
Other liabilities			8,808	8,261
Total liabilities			982,956	945,068
Goodwill			$ 14,637	$ 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]	(452)
Total assets		839
Deposits:
Non-interest bearing demand
Interest bearing	[6]	150
Total deposits		150
Securities sold under agreements to repurchase
Other liabilities		96
Total liabilities		246
Net identifiable assets acquired over liabilities assumed		593
Goodwill		9,558
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		2,630
Total assets		145,382
Deposits:
Non-interest bearing demand		27,296
Interest bearing		99,302
Total deposits		126,598
Securities sold under agreements to repurchase		849
Other liabilities		416
Total liabilities		127,863
Net identifiable assets acquired over liabilities assumed		17,519
Goodwill		9,558
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 (Det_2

MERGERS AND ACQUISITIONS (Details 2) - Pro Forma [Member] - USD ($) $ in Thousands	3 Months Ended	9 Months Ended
	Sep. 30, 2017	Sep. 30, 2017
Total revenues	$ 13,310	$ 34,660
Net income	$ 1,618	$ 5,168