First Community (FCCO) 10-Q 9 May 19 2019 Q1 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	3 Months Ended
	Mar. 31, 2019	May 09, 2019
Document and Entity Information
Entity Registrant Name	FIRST COMMUNITY CORP /SC/
Entity Central Index Key	0000932781
Document Type	10-Q
Trading Symbol	fcco
Document Period End Date	Mar. 31, 2019
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		7,664,967
Document Fiscal Year Focus	2019
Document Fiscal Period Focus	Q1
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	Mar. 31, 2019	Dec. 31, 2018
ASSETS
Cash and due from banks	$ 15,530	$ 14,328
Interest-bearing bank balances	22,677	17,883
Federal funds sold and securities purchased under agreements to resell		57
Investment securities held-to-maturity		16,174
Investment securities available-for-sale	246,747	237,893
Other investments, at cost	2,162	1,955
Loans held for sale	7,299	3,223
Loans	718,420	718,462
Less, allowance for loan losses	6,354	6,263
Net loans	712,066	712,199
Property, furniture and equipment - net	35,471	34,987
Lease right of use assets	2,829
Bank owned life insurance	25,923	25,754
Other real estate owned	1,460	1,460
Intangible assets	1,874	2,006
Goodwill	14,637	14,637
Other assets	8,721	9,039
Total assets	1,097,396	1,091,595
Deposits:
Non-interest bearing demand	257,764	244,686
Interest bearing	662,009	680,837
Total deposits	919,773	925,523
Securities sold under agreements to repurchase	32,007	28,022
Federal Home Loan Bank advances	2,226	231
Lease liability	2,839
Junior subordinated debt	14,964	14,964
Other liabilities	9,153	10,358
Total liabilities	980,962	979,098
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 7,664,967 at March 31, 2019 7,638,681 at December 31, 2018	7,665	7,639
Common stock warrants issued	17	31
Nonvested restricted stock	(286)	(149)
Additional paid in capital	95,150	95,048
Retained earnings (deficit)	13,917	12,262
Accumulated other comprehensive income (loss)	(29)	(2,334)
Total shareholders' equity	116,434	112,497
Total liabilities and shareholders' equity	$ 1,097,396	$ 1,091,595

Consolidated Balance Sheets (_2

Consolidated Balance Sheets (Unaudited) (Parenthetical) - $ / shares	Mar. 31, 2019	Dec. 31, 2018
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	7,664,967	7,638,681
Common stock, shares outstanding	7,664,967	7,638,681

Consolidated Statements of Inco

Consolidated Statements of Income (Unaudited) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Interest income:
Loans, including fees	$ 8,609	$ 7,617
Investment securities - taxable	1,217	1,185
Investment securities - non taxable	439	458
Federal funds sold and securities purchased under agreements to resell	103	66
Other	6	5
Total interest income	10,374	9,331
Interest expense:
Deposits	1,001	547
Federal funds sold and securities sold under agreement to repurchase	92	41
Other borrowed money	261	209
Total interest expense	1,354	797
Net interest income	9,020	8,534
Provision for loan losses	105	202
Net interest income after provision for loan losses	8,915	8,332
Non-interest income:
Deposit service charges	411	463
Mortgage banking income	844	951
Investment advisory fees and non-deposit commissions	438	383
Loss on sale of securities	(29)	(104)
Gain on sale of other real estate owned		15
Other	845	923
Total non-interest income	2,509	2,631
Non-interest expense:
Salaries and employee benefits	5,170	4,577
Occupancy	655	614
Equipment	386	381
Marketing and public relations	175	89
FDIC insurance assessments	74	81
Other real estate expense	29	18
Amortization of intangibles	132	142
Other	1,702	1,692
Total non-interest expense	8,323	7,594
Net income before tax	3,101	3,369
Income tax expense	606	660
Net income	$ 2,495	$ 2,709
Basic earnings per common share (in dollars per share)	$ 0.33	$ 0.36
Diluted earnings per common share (in dollars per share)	$ 0.32	$ 0.35

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Income (Unaudited) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Consolidated Statements Of Comprehensive Income
Net income	$ 2,495	$ 2,709
Adjustment to AOCI related to tax legislation
Other comprehensive income (loss):
Unrealized (loss) gain during the period on available-for-sale securities, net of tax expense of $609 and tax benefit of $605, respectively	2,282	(2,274)
Reclassification adjustment for loss (gain) on available-for-sale securities included in net income, net of tax benefit of $6 and $22, respectively	23	82
Other comprehensive income (loss)	2,305	(2,192)
Comprehensive income	$ 4,800	$ 517

Consolidated Statements of Co_2

Consolidated Statements of Comprehensive Income (Unaudited) (Parenthetical) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Consolidated Statements Of Comprehensive Income Unaudited
Unrealized (loss) gain during the period on available-for-sale securities, taxes	$ 609	$ 605
Reclassification adjustment for loss (gain) included in net income, taxes	$ 6	$ 22

Consolidated Statements of Chan

Consolidated Statements of Changes in Shareholders' Equity (Unaudited) - USD ($) $ in Thousands	Common Stock [Member]	Common Stock Warrant	Additional Paid-In Capital [Member]	Nonvested Restricted Stock	Retained Earnings (Deficit) [Member]	Accumulated Other Comprehensive Income (Loss) [Member]	Total
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					2,709		2,709
Other comprehensive income net of tax						(2,192)	(2,192)
Adjustment to AOCI related to tax legislation
Issuance of restricted stock	$ 11		233	(244)
Issuance of restricted stock, in shares	11,000
Amortization of compensation on restricted stock				35			(35)
Restricted stock shares surrendered							(57)
Shares retired	$ (2)		(55)				(57)
Shares retired, Shares	(2,000)
Dividends: Common					(757)		(757)
Dividend reinvestment plan	$ 3		79				82
Dividend reinvestment plan, in shares	3,000
Ending Balance at Mar. 31, 2018	$ 7,600	46	94,773	(318)	6,018	(2,636)	105,483
Ending Balance, in shares at Mar. 31, 2018	7,600,000
Beginning Balance at Dec. 31, 2018	$ 7,639	31	95,048	(149)	12,262	(2,334)	112,497
Beginning Balance, in shares at Dec. 31, 2018	7,639,000
Net income					2,495		2,495
Other comprehensive income net of tax						2,305	2,305
Adjustment to AOCI related to tax legislation
Issuance of restricted stock	$ 8		162	(170)
Issuance of restricted stock, in shares	8,000
Amortization of compensation on restricted stock				33			33
Restricted stock shares surrendered
Shares retired	$ (8)		(148)				(156)
Shares retired, Shares	(8,000)
Exercise of stock warrants	$ 21	(14)	(7)
Exercise of stock warrants, in shares	21,000
Dividends: Common					(840)		(840)
Dividend reinvestment plan	$ 5		95				100
Dividend reinvestment plan, in shares	5,000
Ending Balance at Mar. 31, 2019	$ 7,665	$ 17	$ 95,150	$ (286)	$ 13,917	$ (29)	$ 116,434
Ending Balance, in shares at Mar. 31, 2019	7,665,000

Consolidated Statements of Cash

Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Thousands	3 Months Ended		12 Months Ended
	Mar. 31, 2019	Mar. 31, 2018	Dec. 31, 2018
Cash flows from operating activities:
Net income	$ 2,495	$ 2,709
Adjustments to reconcile net income to net cash provided in operating activities:
Depreciation	393	374
Net premium amortization	539	727
Provision for loan losses	105	202	$ 346
Gain on sale of other real estate owned		(15)
Origination of loans held-for-sale	(25,345)	(26,734)
Sale of loans held-for-sale	21,269	24,280
Amortization of intangibles	132	142
Accretion on acquired loans	(143)	(77)
Writedown of land held for sale		42
Loss on sale of securities	29	104
(Gain) loss on sale of fixed assets		(123)
(Increase) decrease in other assets	(3,273)	(59)
Increase in accounts payable	1,634	(272)
Net cash provided in operating activities	(2,165)	1,300
Cash flows from investing activities:
Purchase of investment securities available-for-sale	(5,419)	(10,505)
Purchase of investment securities held-to-maturity	(207)
Maturity/call of investment securities available-for-sale	7,969	12,457
Proceeds from sale of securities available-for-sale	7,137	5,605
Proceeds from sale of securities held-to-maturity		603
Decrease (Increase) in loans	152	(21,747)
Proceeds from sale of other real estate owned		(62)
Proceeds from sale of fixed assets	301	1,143
Purchase of property and equipment	(1,178)	(149)
Net cash used in investing activities	8,755	(12,531)
Cash flows from financing activities:
Increase (decrease) in deposit accounts	(5,735)	31,602
Increase (decrease) in securities sold under agreements to repurchase	3,985	2,689
Advances from the Federal Home Loan Bank	56,000
Repayment of advances from Federal Home Loan Bank	(54,005)	(14,005)
Shares forfeited	(156)
Restricted shares surrendered		(57)
Dividends paid: Common Stock	(840)	(757)
Dividend reinvestment plan	100	82
Net cash provided from (used in) financing activities	(651)	19,554
Net increase in cash and cash equivalents	5,939	8,323
Cash and cash equivalents at beginning of period	32,268	30,591	30,591
Cash and cash equivalents at end of period	38,207	38,914	$ 32,268
Cash paid during the period for:
Interest	1,293	797
Income taxes
Non-cash investing and financing activities:
Unrealized (loss) gain on securities available-for-sale, net of tax	2,917	(2,192)
Recognition of operating lease right of use asset	2,846
Recognition of operating lease liability	2,849
Transfer of investment securities held-to-maturity to available-for-sale	$ 16,144

BASIS OF PRESENTATION

BASIS OF PRESENTATION	3 Months Ended
	Mar. 31, 2019
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 March 31, 2019 and December 31, 2018, and the Company’s results of operations and cash flows for the three months ended March 31, 2019 and 2018. The results of operations for the three months ended March 31, 2019 are not necessarily indicative of the results that may be expected for the year ending December 31, 2019. 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, 2018 should be referred to in connection with these unaudited interim financial statements.

SUMMARY OF SIGNIFICANT ACCOUNTI

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	3 Months Ended
	Mar. 31, 2019
Accounting Policies [Abstract]
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	Note 2—SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Use of Estimates The financial statements are prepared in accordance with accounting principles generally accepted in the United States of America. These principles require management to make estimates and assumptions that affect the amounts reported in the financial statements and accompanying notes. Actual results could differ from those estimates. Material estimates that are particularly susceptible to significant change relate to the determination of the allowance for loan losses. The estimation process includes management’s judgment as to future losses on existing loans based on an internal review of the loan portfolio, including an analysis of the borrower’s current financial position, the consideration of current and anticipated economic conditions and the effect on specific borrowers. In determining the collectability of loans management also considers the fair value of underlying collateral. Various regulatory agencies, as an integral part of their examination process, review the Company’s allowance for loan losses. Such agencies may require the Company to recognize additions to the allowance based on their judgments about information available to them at the time of their examination. Because of these factors it is possible that the allowance for loan losses could change materially. Cash and Cash Equivalents Cash and cash equivalents consist of cash on hand, due from banks, interest-bearing bank balances, federal funds sold and securities purchased under agreements to resell. Generally federal funds are sold for a one-day period and securities purchased under agreements to resell mature in less than 90 days. Investment Securities Investment securities are classified as either held-to-maturity, available-for-sale or trading securities. In determining such classification, securities that the Company has the positive intent and ability to hold to maturity are classified as held-to maturity and are carried at amortized cost. Securities classified as available-for-sale are carried at estimated fair values with unrealized gains and losses included in shareholders’ equity on an after tax basis. Trading securities are carried at estimated fair value with unrealized gains and losses included in non-interest income (See Note 4). Gains and losses on the sale of available-for-sale securities and trading securities are determined using the specific identification method. Declines in the fair value of individual held-to-maturity and available-for-sale securities below their cost that are judged to be other than temporary are written down to fair value and charged to income in the Consolidated Statement of Income. Premiums and discounts are recognized in interest income using the interest method over the period to maturity. Mortgage Loans Held for S The Company originates fixed rate residential loans on a servicing released basis in the secondary market. Loans closed but not yet settled with an investor, are carried in the Company’s loans held for sale portfolio. These loans are primarily fixed rate residential loans that have been originated in the Company’s name and have closed. Virtually all of these loans have commitments to be purchased by investors at a locked in price with the investors on the same day that the loan was locked in with the Company’s customers. Therefore, these loans present very little market risk for the Company. The Company usually delivers to, and receives funding from, the investor within 30 days. Commitments to sell these loans to the investor are considered derivative contracts and are sold to investors on a “best efforts” basis. The Company is not obligated to deliver a loan or pay a penalty if a loan is not delivered to the investor. As a result of the short-term nature of these derivative contracts, the fair value of the mortgage loans held for sale in most cases is the same as the value of the loan amount at its origination . Loans and Allowance for Loan Losses Loan receivables that management has the intent and ability to hold for the foreseeable future or until maturity or pay-off are reported at their outstanding principal balance adjusted for any charge-offs, the allowance for loan losses, and any deferred fees or costs on originated loans. Interest is recognized over the term of the loan based on the loan balance outstanding. Fees charged for originating loans, if any, are deferred and offset by the deferral of certain direct expenses associated with loans originated. The net deferred fees are recognized as yield adjustments by applying the interest method. The allowance for loan losses is maintained at a level believed to be adequate by management to absorb potential losses in the loan portfolio. Management’s determination of the adequacy of the allowance is based on an evaluation of the portfolio, past loss experience, economic conditions and volume, growth and composition of the portfolio. The Company considers a loan to be impaired when, based upon current information and events, it is believed that the Company will be unable to collect all amounts due according to the contractual terms of the loan agreement. Loans that are considered impaired are accounted for at the lower of carrying value or fair value. The accrual of interest on impaired loans is discontinued when, in management’s opinion, the borrower may be unable to meet payments as they become due, generally when a loan becomes 90 days past due. When interest accrual is discontinued, all unpaid accrued interest is reversed. Interest income is subsequently recognized only to the extent cash payments are received first to principal and then to interest income. Property and Equipment Property and equipment are stated at cost less accumulated depreciation. Depreciation is computed using the straight-line method over the asset’s estimated useful life. Estimated lives range up to 39 years for buildings and up to 10 years for furniture, fixtures and equipment. Goodwill and Other Intangible Assets Goodwill represents the cost in excess of fair value of net assets acquired (including identifiable intangibles) in purchase transactions. Other intangible assets represent premiums paid for acquisitions of core deposits (core deposit intangibles). Core deposit intangibles are being amortized on a straight-line basis over seven years. Goodwill and identifiable intangible assets are reviewed for impairment annually or whenever events or changes in circumstances indicate the carrying amount of an asset may not be recoverable. The annual valuation is performed on September 30 of each year. Other Real Estate Owned Other real estate owned includes real estate acquired through foreclosure. Other real estate owned is carried at the lower of cost (principal balance at date of foreclosure) or fair value minus estimated cost to sell. Any write-downs at the date of foreclosure are charged to the allowance for loan losses. Expenses to maintain such assets, subsequent changes in the valuation allowance, and gains or losses on disposal are included in other expenses. Comprehensive Income (loss) The Company reports comprehensive income (loss) in accordance with Accounting Standards Codification (“ASC”) 220, “Comprehensive Income.” ASC 220 requires that all items that are required to be reported under accounting standards as comprehensive income (loss) be reported in a financial statement that is displayed with the same prominence as other financial statements. The disclosures requirements have been included in the Company’s consolidated statements of comprehensive income. Mortgage Origination Fees Mortgage origination fees relate to activities comprised of accepting residential mortgage applications, qualifying borrowers to standards established by investors and selling the mortgage loans to the investors under pre-existing commitments. The related fees received by the Company for these services are recognized at the time the loan is closed. Advertising Expense Advertising and public relations costs are generally expensed as incurred. External costs incurred in producing media advertising are expensed the first time the advertising takes place. External costs relating to direct mailing costs are expensed in the period in which the direct mailings are sent. Advertising expense totaled $919 thousand, $901 thousand and $820 thousand for the years ended December 31, 2018, 2017, and 2016, respectively. Income Taxes A deferred income tax liability or asset is recognized for the estimated future effects attributable to differences in the tax bases of assets or liabilities and their reported amounts in the financial statements as well as operating loss and tax credit carry forwards. The deferred tax asset or liability is measured using the enacted tax rate expected to apply to taxable income in the period in which the deferred tax asset or liability is expected to be realized. In 2006, the FASB issued guidance related to Accounting for Uncertainty in Income Taxes. This guidance clarifies the accounting for uncertainty in income taxes recognized in an enterprise’s financial statements in accordance with FASB ASC Topic 740-10, “Income Taxes.” It also prescribes a recognition threshold and measurement of a tax position taken or expected to be taken in an enterprise’s tax return. Stock Based Compensation Cost The Company accounts for stock based compensation under the fair value provisions of the accounting literature. Compensation expense is recognized in salaries and employee benefits. The fair value of each grant is estimated on the date of grant using the Black-Sholes option pricing model. No options were granted in 2018, 2017 or 2016. Earnings Per Common Share Basic earnings per common share (“EPS”) excludes dilution and is computed by dividing income available to common shareholders by the weighted-average number of common shares outstanding for the period. Diluted EPS is computed by dividing net income available to common shareholders by the weighted average number of shares of common stock and common stock equivalents. Common stock equivalents consist of stock options and warrants and are computed using the treasury stock method. Business Combinations and Method of Accounting for Loans Acquired The Company accounts for its acquisitions under FASB ASC Topic 805, “ Business Combinations Fair Value Measurements and Disclosures.” 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,” Accounting for Certain Loans or Debt Securities Acquired in a Transfer Segment Information ASC Topic 280-10, “ Segment Reporting Recently Issued Accounting Standards 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 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 the Company’s 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 the Company’s 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 became 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 ASC. 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. In October 2018, the FASB amended the Derivatives and Hedging Topic of the ASC to expand the list of U.S. benchmark interest rates permitted in the application of hedge accounting. The amendments will be effective for the Company for fiscal years beginning after December 15, 2018. Early adoption is permitted. The Company does not expect these amendments to have a material effect on its financial statements. In October 2018, the FASB amended the Consolidation topic of the ASC for determining whether a decision-making fee is a variable interest. The amendments require organizations to consider indirect interests held through related parties under common control on a proportional basis rather than as the equivalent of a direct interest in its entirety. The amendments will be effective for the Company for fiscal years beginning after December 15, 2019, and interim periods within those fiscal years. Early adoption is permitted. The Company will apply a full retrospective approach in which financial statements for each individual prior period presented and the opening balances of the earliest period presented are adjusted to reflect the period-specific effects of applying the amendments. The Company does not expect these amendments to have a material effect on its financial statements. In November 2018, the FASB amended the Collaborative Arrangements Topic of the ASC to clarify the interaction between the guidance for certain collaborative arrangements and the new revenue recognition financial accounting and reporting standard. The amendments will be effective for the Company for fiscal years beginning after December 15, 2019, and interim periods within those fiscal years. Early adoption is permitted. The Company does not expect these amendments to have a material effect on its financial statements. In December 2018, the FASB issued guidance that providing narrow-scope improvements for lessors, that provides relief in the accounting for sales, use and similar taxes, the accounting for other costs paid by a lessee that may benefit a lessor, and variable payments when contracts have lease and non-lease components. The amendments became effective for the Company for reporting periods beginning after December 15, 2018. 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. Risk and Uncertainties In the normal course of business, the Company encounters two significant types of risks: economic and regulatory. There are three main components of economic risk: interest rate risk, credit risk and market risk. The Company is subject to interest rate risk to the degree that its interest-bearing liabilities mature or reprice at different speeds, or on a different basis, than its interest-earning assets. Credit risk is the risk of default on the Company’s loan and investment portfolios that results from borrowers’ or issuer’s inability or unwillingness to make contractually required payments. Market risk reflects changes in the value of collateral underlying loans and investments and the valuation of real estate held by the Company. The Company is subject to regulations of various governmental agencies (regulatory risk). These regulations can and do change significantly from period to period. The Company also undergoes periodic examinations by the regulatory agencies, which may subject it to further changes with respect to asset valuations, amounts of required loan loss allowances and operating restrictions from regulators’ judgments based on information available to them at the time of their examination. Reclassifications Certain captions and amounts in the 2016 and 2017 consolidated financial statements were reclassified to conform to the 2018 presentation.

EARNINGS PER SHARE

EARNINGS PER SHARE	3 Months Ended
	Mar. 31, 2019
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) Three months ended March 31, 2019 2018 Numerator (Net income available to common shareholders) $ 2,495 $ 2,709 Denominator Weighted average common shares outstanding for: Basic shares 7,634 7,569 Dilutive securities: Deferred compensation 52 16 Warrants/Restricted stock -Treasury stock method 39 128 Diluted shares 7,725 7,713 The average market price used in calculating assumed number of shares $ 19.90 $ 21.94 There were no options outstanding as of March 31, 2019 and 2018. 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 36,550 warrants outstanding at March 31, 2019. These warrants expire December 16, 2019 and are included in dilutive securities in the table above. The Company has issued a total of 15,438 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 March 31, 2019 for non-vested shares amounts to $286.1 thousand. For the three months ended March 31, 2019, the Company issued 2,090 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 March 31, 2019 and December 31, 2018, there were 117,595 and 114,982 units in the plan, respectively. The accrued liability at March 31, 2019 and December 31, 2018 amounted to $1.3 million and $1.3 million, respectively, and is included in “Other liabilities” on the balance sheet.

INVESTMENT SECURITIES

INVESTMENT SECURITIES	3 Months Ended
	Mar. 31, 2019
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 March 31, 2019 US Treasury securities $ 15,521 $ 18 $ 24 $ 15,515 Government Sponsored Enterprises 1,100 11 1 1,110 Mortgage-backed securities 114,397 209 1,419 113,187 Small Business Administration pools 50,403 212 505 50,110 State and local government 65,344 1,700 237 66,807 Other securities 18 — — 18 $ 246,783 $ 2,150 $ 2,186 $ 246,747 Gross Gross Amortized Unrealized Unrealized (Dollars in thousands) Cost Gains Losses Fair Value December 31, 2018 US Treasury securities $ 15,488 $ 9 $ 40 $ 15,457 Government Sponsored Enterprises 1,096 6 2 1,100 Mortgage-backed securities 117,862 73 2,460 115,475 Small Business Administration pools 55,784 247 695 55,336 State and local government 50,599 619 712 50,506 Other securities 19 — — 19 $ 240,848 $ 954 $ 3,909 $ 237,893 HELD-TO-MATURITY: Gross Gross Amortized Unrealized Unrealized (Dollars in thousands) Cost Gains Losses Fair Value December 31, 2018 State and local government $ 16,174 $ 50 $ 40 $ 16,184 $ 16,174 $ 50 $ 40 $ 16,184 During the first quarter of 2019, the Company reclassified the portfolio of securities listed as held-to-maturity to available-for-sale. There were no investment securities listed as held-to-maturity as of March 31, 2019. During the three months ended March 31, 2019 and 2018, the Company received proceeds of $7.1 million and $5.6 million, respectively, from the sale of investment securities available-for-sale. For the three months ended March 31, 2019, gross realized gains from the sale of investment securities available-for-sale amounted to $41 thousand and gross realized losses amounted to $70 thousand. For the three months ended March 31, 2018, gross realized gains from the sale of investment securities available-for-sale amounted to $33.8 thousand and gross realized losses amounted to $138.0 thousand. At March 31, 2019, other securities available-for-sale included the following at fair value: a mutual fund at $8.1 thousand, and foreign debt of $10.0 thousand. As required by Accounting Standards Update (“ASU”) 2016-01-Financial Instruments-Overall (Subtopic 825-10), the Company measured its equity investments at fair value with changes in the fair value recognized through net income. For the three months ended March 31, 2019, a $1.0 thousand gain was recognized on a mutual fund. At December 31, 2018, corporate and other securities available-for-sale included the following at fair value: a mutual fund at $9.0 thousand, and foreign debt of $10.0 thousand. Other investments, at cost include Federal Home Loan Bank (“FHLB”) stock in the amount of $1.2 million and $955 thousand and corporate stock in the amount of $1.0 million and $1.0 million at March 31, 2019 and December 31, 2018, 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 March 31, 2019 and December 31, 2018. (Dollars in thousands) Less than 12 months 12 months or more Total March 31, 2019 Fair Unrealized Fair Unrealized Fair Unrealized Available-for-sale securities: Value Loss Value Loss Value Loss US Treasury securities $ 6,982 $ 2 $ 2,892 $ 22 $ 9,874 $ 24 Government Sponsored Enterprise — — 124 1 124 1 Government Sponsored Enterprise mortgage-backed securities 1,196 15 84,454 1,404 85,650 1,419 Small Business Administration pools 13,661 160 19,483 345 33,144 505 State and local government — — 13,126 237 13,126 237 $ 21,839 $ 177 $ 120,079 $ 2,009 $ 141,918 $ 2,185 (Dollars in thousands) Less than 12 months 12 months or more Total December 31, 2018 Fair Unrealized Fair Unrealized Fair Unrealized Available-for-sale securities: Value Loss Value Loss Value Loss US Treasury securities $ 8,355 $ 10 $ 1,488 $ 30 $ 9,843 $ 40 Government Sponsored Enterprise — — 122 2 122 2 Government Sponsored Enterprise mortgage-backed securities 13,924 121 89,870 2,339 103,794 2,460 Small Business Administration pools 16,400 211 20,330 484 36,730 695 State and local government 9,517 52 15,598 660 25,115 712 $ 48,196 $ 394 $ 127,408 $ 3,515 $ 175,604 $ 3,909 (Dollars in thousands) Less than 12 months 12 months or more Total December 31, 2018 Fair Unrealized Fair Unrealized Fair Unrealized Held-to-maturity securities: Value Loss Value Loss Value Loss State and local government $ 2,843 $ 14 $ 4,899 $ 26 $ 7,742 $ 40 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 March 31, 2019 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. March 31, 2019 Available-for-sale Amortized Fair (Dollars in thousands) Cost Value Due in one year or less $ 17,746 $ 17,752 Due after one year through five years 121,784 121,218 Due after five years through ten years 93,937 94,369 Due after ten years 13,315 13,408 $ 246,782 $ 246,747

LOANS

LOANS	3 Months Ended
	Mar. 31, 2019
Receivables [Abstract]
LOANS	Note 4—Loans Loans summarized by category as of March 31, 2019, December 31, 2018 and March 31, 2018 are as follows: March 31, December 31, March 31, (Dollars in thousands) 2019 2018 2018 Commercial, financial and agricultural $ 52,289 $ 53,933 $ 44,724 Real estate: Construction 56,234 58,440 44,273 Mortgage-residential 50,732 52,764 46,801 Mortgage-commercial 519,420 513,833 488,597 Consumer: Home equity 30,092 29,583 32,544 Other 9,653 9,909 11,644 Total $ 718,420 $ 718,462 $ 668,583 The detailed activity in the allowance for loan losses and the recorded investment in loans receivable as of and for the three months ended March 31, 2019 and March 31, 2018 and for the year ended December 31, 2018 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 March 31, 2019 Allowance for loan losses: Beginning balance December 31, 2018 $ 430 $ 89 $ 431 $ 4,318 $ 261 $ 88 $ 646 $ 6,263 Charge-offs (2 ) — — — (1 ) (30 ) — (33 ) Recoveries — — — 10 — 9 — 19 Provisions (10 ) 7 (19 ) 18 8 22 79 105 Ending balance March 31, 2019 $ 418 $ 96 $ 412 $ 4,346 $ 268 $ 89 $ 725 $ 6,354 Ending balances: Individually evaluated for impairment $ — $ — $ — $ 14 $ — $ — $ — $ 14 Collectively evaluated for impairment 418 96 412 4,332 268 89 725 6,340 March 31, 2019 Loans receivable: Ending balance-total $ 52,289 $ 56,234 $ 50,732 $ 519,420 $ 30,092 $ 9,653 $ — $ 718,420 Ending balances: Individually evaluated for impairment — — 409 4,162 57 5 — 4,633 Collectively evaluated for impairment $ 52,289 $ 56,234 $ 50,323 $ 515,258 $ 30,035 $ 9,648 $ — $ 713,787 (Dollars in thousands) Real estate Real estate Consumer Real estate Mortgage Mortgage Home Consumer Commercial Construction Residential Commercial equity Other Unallocated Total March 31, 2018 Allowance for loan losses: Beginning balance December 31, 2017 $ 221 $ 101 $ 461 $ 3,077 $ 308 $ 35 $ 1,594 $ 5,797 Charge-offs — — (1 ) — — (47 ) — (48 ) Recoveries — — — 27 — 8 — 35 Provisions (11 ) (3 ) 256 13 171 67 (291 ) 202 Ending balance March 31, 2018 $ 210 $ 98 $ 716 $ 3,117 $ 479 $ 63 $ 1,303 $ 5,986 Ending balances: Individually evaluated for impairment $ — $ — $ 1 $ 19 $ — $ — $ — $ 20 Collectively evaluated for impairment 210 98 715 3,098 479 63 1,303 5,966 March 31, 2018 Loans receivable: Ending balance-total $ 44,724 $ 44,273 $ 46,801 $ 488,597 $ 32,544 $ 11,644 $ — $ 668,583 Ending balances: Individually evaluated for impairment — — 436 4,440 35 — — 4,911 Collectively evaluated for impairment $ 44,724 $ 44,273 $ 46,365 $ 484,157 $ 32,509 $ 11,644 $ — $ 663,672 (Dollars in thousands) Real estate Real estate Consumer Real estate Mortgage Mortgage Home Consumer Commercial Construction Residential Commercial equity Other Unallocated Total December 31, 2018 Allowance for loan losses: Beginning balance December 31, 2017 $ 221 $ 101 $ 461 $ 3,077 $ 308 $ 35 $ 1,594 $ 5,797 Charge-offs — — (1 ) — (23 ) (140 ) — (164 ) Recoveries 3 — 4 210 6 61 — 284 Provisions 206 (12 ) (33 ) 1,031 (30 ) 132 (948 ) 346 Ending balance December 31, 2018 $ 430 $ 89 $ 431 $ 4,318 $ 261 $ 88 $ 646 $ 6,263 Ending balances: Individually evaluated for impairment $ — $ — $ — $ 14 $ — $ — $ — $ 14 Collectively evaluated for impairment 430 89 431 4,304 261 88 646 6,249 December 31, 2018 Loans receivable: Ending balance-total $ 53,933 $ 58,440 $ 52,764 $ 513,833 $ 29,583 $ 9,909 $ — $ 718,462 Ending balances: Individually evaluated for impairment — — 322 4,030 29 — — 4,381 Collectively evaluated for impairment $ 53,933 $ 58,440 $ 52,442 $ 509,803 $ 29,554 $ 9,909 $ — $ 714,081 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 three months ended March 31, 2019 and March 31, 2018: (Dollars in thousands) 2019 2018 Beginning Balance December 31, $ 5,937 $ 5,549 New Loans — 567 Less loan repayments 85 641 Ending Balance March 31, $ 5,852 $ 5,475 The following table presents at March 31, 2019 and December 31, 2018 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) March 31, December 31, 2019 2018 Total loans considered impaired $ 4,633 $ 4,381 Loans considered impaired for which there is a related allowance for loan loss: Outstanding loan balance $ 447 $ 453 Related allowance $ 14 $ 14 Loans considered impaired and previously written down to fair value $ 2,809 $ 3,928 Average impaired loans $ 4,973 $ 4,128 Amount of interest earned during period of impairment $ 72 $ 160 The following tables are by loan category and present at March 31, 2019, March 31, 2018 and December 31, 2018 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) Three months ended Unpaid Average Interest March 31, 2019 Recorded Principal Related Recorded Income Investment Balance Allowance Investment Recognized With no allowance recorded: Commercial $ — $ — $ — $ — $ — Real estate: Construction — — — — — Mortgage-residential 409 462 — 413 4 Mortgage-commercial 3,715 6,708 — 4,048 61 Consumer: Home Equity 57 59 — 59 1 Other 5 5 — 5 — With an allowance recorded: Commercial — — — — — Real estate: Construction — — — — — Mortgage-residential — — — — — Mortgage-commercial 447 447 14 448 6 Consumer: Home Equity — — — — — Other — — — — — Total: Commercial — — — — — Real estate: Construction — — — — — Mortgage-residential 409 462 — 413 4 Mortgage-commercial 4,162 7,155 14 4,496 67 Consumer: Home Equity 57 59 — 59 1 Other 5 5 — 5 — $ 4,633 $ 7,681 $ 14 $ 4,973 $ 72 (Dollars in thousands) Three months ended Unpaid Average Interest March 31, 2018 Recorded Principal Related Recorded Income Investment Balance Allowance Investment Recognized With no allowance recorded: Commercial $ — $ — $ — $ — $ — Real estate: Construction — — — — — Mortgage-residential 395 466 — 394 4 Mortgage-commercial 2,807 5,674 — 3,000 52 Consumer: Home Equity 35 35 — 35 — Other — — — — — With an allowance recorded: Commercial — — — — — Real estate: Construction — — — — — Mortgage-residential 41 41 1 41 1 Mortgage-commercial 1,633 1,633 19 1,655 29 Consumer: Home Equity — — — — — Other — — — — — Total: Commercial — — — — — Real estate: Construction — — — — — Mortgage-residential 436 507 1 435 5 Mortgage-commercial 4,440 7,307 19 4,655 81 Consumer: Home Equity 35 35 — 35 — Other — — — — — $ 4,911 $ 7,849 $ 20 $ 5,126 $ 86 (Dollars in thousands) December 31, 2018 Unpaid Average Interest Recorded Principal Related Recorded Income Investment Balance Allowance Investment Recognized With no allowance recorded: Commercial $ — $ — $ — $ — $ — Real estate: Construction — — — — — Mortgage-residential 322 371 — 483 9 Mortgage-commercial 3,577 6,173 — 3,232 128 Consumer: Home Equity 29 30 — 33 2 Other — — — — — With an allowance recorded: Commercial — — — — — Real estate: Construction — — — — — Mortgage-residential — — — — — Mortgage-commercial 453 453 14 380 21 Consumer: Home Equity — — — — — Other — — — — — Total: Commercial — — — — — Real estate: Construction — — — — — Mortgage-residential 322 371 — 483 9 Mortgage-commercial 4,030 6,626 14 3,612 149 Consumer: Home Equity 29 30 — 33 2 Other — — — — — $ 4,381 $ 7,027 $ 14 $ 4,128 $ 160 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 March 31, 2019 and December 31, 2018, 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 March 31, 2019 and December 31, 2018, no loans were classified as doubtful. (Dollars in thousands) March 31, 2019 Special Pass Mention Substandard Doubtful Total Commercial, financial & agricultural $ 52,052 $ 237 $ — $ — $ 52,289 Real estate: Construction 56,234 — — — 56,234 Mortgage – residential 49,567 486 679 — 50,732 Mortgage – commercial 511,101 3,977 4,342 — 519,420 Consumer: Home Equity 28,622 1,171 299 — 30,092 Other 9,651 — 2 9,653 Total $ 707,227 $ 5,871 $ 5,322 $ — $ 718,420 (Dollars in thousands) December 31, 2018 Special Pass Mention Substandard Doubtful Total Commercial, financial & agricultural $ 53,709 $ 224 $ — $ — $ 53,933 Real estate: Construction 58,440 — — — 58,440 Mortgage – residential 51,286 633 845 — 52,764 Mortgage – commercial 505,493 5,176 3,164 — 513,833 Consumer: Home Equity 28,071 1,197 315 — 29,583 Other 9,907 — 2 — 9,909 Total $ 706,906 $ 7,230 $ 4,326 $ — $ 718,462 At March 31, 2019 and December 31, 2018, non-accrual loans totaled $2.6 million and $2.5 million, respectively. TDRs that are still accruing and included in impaired loans at March 31, 2019 and at December 31, 2018 amounted to $1.9 million and $2.0 million, respectively. TDRs in non-accrual status at March 31, 2019 and December 31, 2018 amounted to $1.2 million. Loans greater than 90 days delinquent and still accruing interest were $21.7 thousand and $31.2 thousand at March 31, 2019 and December 31, 2018, respectively. 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 months ended March 31, 2019 and March 31, 2018 follows: (Dollars in thousands) Three Months Three Months Accretable yield, beginning of period $ 153 $ 22 Additions — — Accretion (7 ) (10 ) Reclassification of nonaccretable difference due to improvement in expected cash flows — — Other changes, net 0 — Accretable yield, end of period $ 145 $ 12 At March 31, 2019 and December 31, 2018, the recorded investment in purchased impaired loans was $112 thousand. The unpaid principal balance was $202 thousand and $205 thousand at March 31, 2019 and December 31, 2018, respectively. At March 31, 2019 and December 31, 2018, 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 March 31, 2019 and December 31, 2018: (Dollars in thousands) Greater than 30-59 Days 60-89 Days 90 Days and Total March 31, 2019 Past Due Past Due Accruing Nonaccrual Past Due Current Total Loans Commercial $ 831 $ — $ — $ — $ 831 $ 51,458 $ 52,289 Real estate: Construction 114 — — — 114 56,120 56,234 Mortgage-residential 73 — — 409 482 50,250 50,732 Mortgage-commercial 93 — — 2,171 2,264 517,156 519,420 Consumer: — Home equity 99 — — 57 156 29,936 30,092 Other 49 13 22 5 89 9,564 9,653 $ 1,259 $ 13 $ 22 $ 2,642 $ 3,936 $ 714,484 $ 718,420 (Dollars in thousands) Greater than 30-59 Days 60-89 Days 90 Days and Total December 31, 2018 Past Due Past Due Accruing Nonaccrual Past Due Current Total Loans Commercial $ 18 $ 8 $ — $ — $ 26 $ 53,907 $ 53,933 Real estate: Construction — — — — — 58,440 58,440 Mortgage-residential 110 163 — 284 557 52,207 52,764 Mortgage-commercial 1,302 — — 2,232 3,534 510,299 513,833 Consumer: — Home equity 146 11 31 29 217 29,366 29,583 Other 14 55 — — 69 9,840 9,909 $ 1,590 $ 237 $ 31 $ 2,545 $ 4,403 $ 714,059 $ 718,462 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 periods ended March 31, 2019 and March 31, 2018. During the three month periods ended March 31, 2019 and March 31, 2018, 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	3 Months Ended
	Mar. 31, 2019
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 was 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 Accounting Standards Codification to revise certain aspects of recognition, measurement, presentation, and disclosure of leasing transactions. The amendments will be effective for fiscal years beginning after December 15, 2018 including interim periods within those fiscal years. The Company adopted the guidance using the modified retrospective method and practical expedients for transition. The practical expedients allow the Company to largely account for our existing leases consisted with current guidance except for the incremental balance sheet recognition of lessees. The Company evaluated the new guidance and its impact on the Company’s financial statements. Based on leases outstanding at December 31,2018, the impact of adoption on January 1, 2019 was recording a right-of-use asset and lease liability of $2.8 million. See Note 9 “Leases” to the consolidated 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 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 the Company’s 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 became effective for the Company for interim and annual periods beginning after December 15, 2018. The Company did not have a material impact on its 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 ASC. The amendments incorporate into the ASC 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 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 lease standard. Additionally, amendments were made to give entities another option for transition and to provide lessors with a practical expedient. The amendments became effective for reporting periods beginning after December 15, 2018. The Company did not have a material impact 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. In March 2019, the FASB issued guidance to address concerns companies had raised about an accounting exception they would lose when assessing the fair value of underlying assets under the leases standard and clarify that lessees and lessors are exempt from a certain interim disclosure requirement associated with adopting the new standard. The amendments will be effective for the Company for reporting periods 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	3 Months Ended
	Mar. 31, 2019
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 March 31, 2019 and December 31, 2018 are as follows: March 31, 2019 Fair Value (Dollars in thousands) Carrying Total Level 1 Level 2 Level 3 Financial Assets: Cash and short term investments $ 38,207 $ 38,207 $ 38,207 $ — $ — Available-for-sale securities 246,747 246,747 8 246,739 — Other investments, at cost 2,162 2,162 — — 2,162 Loans held for sale 7,299 7,299 — 7,299 — Net loans receivable 712,066 712,066 — — 712,066 Accrued interest 3,616 3,616 3,616 — — Financial liabilities: Non-interest bearing demand $ 257,764 $ 257,764 $ — $ 257,764 $ — Interest bearing demand deposits and money market accounts 376,843 376,843 — 376,843 — Savings 105,588 105,588 — 105,588 — Time deposits 179,578 180,066 — 180,066 — Total deposits 919,773 920,261 — 920,264 — Federal Home Loan Bank Advances 2,226 2,226 — 2,226 — Short term borrowings 32,007 32,007 — 32,007 — Junior subordinated debentures 14,964 13,453 — 13,453 — Accrued interest payable 951 951 951 — — December 31, 2018 Fair Value (Dollars in thousands) Carrying Total Level 1 Level 2 Level 3 Financial Assets: Cash and short term investments $ 32,268 $ 32,268 $ 32,268 $ — $ — Held-to-maturity securities 16,174 16,184 — 16,184 — Available-for-sale securities 237,893 237,893 1,642 235,560 691 Other investments, at cost 1,955 1,955 — — 1,955 Loans held for sale 3,223 3,223 — 3,223 — Net loans receivable 712,199 697,432 — 693,065 4,367 Accrued interest 3,579 3,579 3,579 — — Financial liabilities: Non-interest bearing demand $ 244,686 $ 244,686 $ — $ 244,686 $ — Interest bearing demand deposits and money market accounts 393,473 393,473 — 393,4738 — Savings 108,368 108,368 — 108,368 — Time deposits 178,996 177,797 — 177,797 — Total deposits 925,523 925,849 — 925,849 — Federal Home Loan Bank Advances 231 231 — 231 — Short term borrowings 28,022 28,022 — 28,022 — Junior subordinated debentures 14,964 14,178 — 12,791 — Accrued interest payable 861 861 861 — — The following tables summarize quantitative disclosures about the fair value for each category of assets carried at fair value as of March 31, 2019 and December 31, 2018 that are measured on a recurring basis. There were no liabilities carried at fair value as of March 31, 2019 or December 31, 2018 that are measured on a recurring basis. (Dollars in thousands) Description March 31, Quoted Prices Significant Significant Available for sale securities US Treasury Securities $ 15,515 $ — $ 15,515 $ — Government sponsored enterprises 1,110 — 1,110 — Mortgage-backed securities 113,187 — 113,187 — Small Business Administration pools 50,110 — 50,110 — State and local government 66,807 — 66,807 — Corporate and other securities 18 8 10 — 246,747 8 246,739 — Loans held for sale 7,299 — 7,299 — Total $ 254,046 $ 8 $ 254,038 $ — (Dollars in thousands) Description December 31, 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 $ 15,457 $ — $ 15,457 $ — Government sponsored enterprises 1,100 — 1,100 — Mortgage-backed securities 115,475 — 114,784 691 Small Business Administration securities 55,336 1,633 53,703 — State and local government 50,506 — 50,506 — Corporate and other securities 19 9 10 — 237,893 1,642 235,560 691 Loans held for sale 3,223 — 3,223 — Total $ 241,116 $ 1,642 $ 238,783 $ 691 The following tables summarize quantitative disclosures about the fair value for each category of assets carried at fair value as of March 31, 2019 and December 31, 2018 that are measured on a non-recurring basis. There were no Level 3 financial instruments for the three months ended March 31, 2019 and March 31, 2018 measured on a recurring basis. (Dollars in thousands) Description March 31, 2019 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 409 — — 409 Mortgage-commercial 4,148 — — 4,148 Consumer: Home equity 57 — — 57 Other 5 — — 5 Total impaired 4,619 — — 4,619 Other real estate owned: Construction 828 — — 828 Mortgage-residential 632 — — 632 Total other real estate owned 1,460 — — 1,460 Total $ 6,079 $ — $ — $ 6,079 (Dollars in thousands) Description December 31, 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 & Industrial $ — $ — $ — $ — Real estate: Mortgage-residential 322 — — 322 Mortgage-commercial 4,016 — — 4,016 Consumer: Home equity 29 — — 29 Other — — — — Total impaired 4,367 — — 4,367 Other real estate owned: Construction 828 — — 828 Mortgage-residential 632 — — 632 Total other real estate owned 1,460 — — 1,460 Total $ 6,057 $ — $ — $ 6,057 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 $4.6 million and $4.4 million as of March 31, 2019 and December 31, 2018, respectively. For Level 3 assets and liabilities measured at fair value on a non-recurring basis as of March 31, 2019 and December 31, 2018, the significant unobservable inputs used in the fair value measurements were as follows: (Dollars in thousands) Fair Value as of March 31, 2019 Valuation Technique Significant Observable Inputs Significant Unobservable Inputs OREO $ 1,460 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 $ 4,619 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, 2018 Valuation Technique Significant Observable Inputs Significant Unobservable Inputs OREO $ 1,460 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 $ 4,367 Appraisal Value Appraisals and or sales of comparable properties Appraisals discounted 6% to 16% for sales commissions and other holding cost

DEPOSITS

DEPOSITS	3 Months Ended
	Mar. 31, 2019
Banking and Thrift [Abstract]
DEPOSITS	Note 7—Deposits The Company’s total deposits are comprised of the following at the dates indicated: March 31, December 31, (Dollars in thousands) 2019 2018 Non-interest bearing demand deposits $ 257,764 $ 244,686 Interest bearing demand deposits and money market accounts 376,843 393,473 Savings 105,588 108,369 Time deposits 179,578 178,995 Total deposits $ 919,773 $ 925,523 As of March 31, 2019 and December 31, 2018, the Company had time deposits greater than $250,000 of $31.0 million and $27.8 million, respectively.

REPORTABLE SEGMENTS

REPORTABLE SEGMENTS	3 Months Ended
	Mar. 31, 2019
Segment Reporting [Abstract]
REPORTABLE SEGMENTS	Note 8—Reportable Segments The Company’s reportable segments represent the distinct product lines the Company offers and are viewed separately for strategic planning by management. The Company has four reportable segments: · Commercial and retail banking: The Company’s primary business is to provide deposit and lending products and services to its commercial and retail customers. · Mortgage banking: This segment provides mortgage origination services for loans that will be sold to investors in the secondary market. · Investment advisory and non-deposit: This segment provides investment advisory services and non-deposit products. · Corporate: This segment includes the parent company financial information, including interest on parent company debt and dividend income received from First Community Bank (the “Bank”). Three months ended March 31, 2019 Commercial Investment (Dollars in thousands) and Retail Mortgage advisory and Banking Banking non-deposit Corporate Eliminations Consolidated Dividend and Interest Income $ 10,131 $ 237 $ — $ 1,017 $ (1,011 ) 10,374 Interest expense 1,156 — — 198 — 1,354 Net interest income $ 8,975 $ 237 $ — $ 819 $ (1,011 ) $ 9,020 Provision for loan losses 105 — — — — 105 Noninterest income 1,227 844 438 — — 2,509 Noninterest expense 7,024 804 415 80 — 8,323 Net income before taxes $ 3,073 $ 277 $ 23 $ 739 $ (1,011 ) $ 3,101 Income tax provision (benefit) 685 — — (79 ) — 606 Net income $ 2,388 $ 277 $ 23 $ 818 $ (1,011 ) $ 2,495 Three months ended March 31, 2018 Commercial Investment (Dollars in thousands) and Retail Mortgage advisory and Banking Banking non-deposit Corporate Eliminations Consolidated Dividend and Interest Income $ 9,128 $ 198 $ — $ 909 $ (904 ) 9,331 Interest expense 639 — — 158 — 797 Net interest income $ 8,489 $ 198 $ — $ 751 $ (904 ) $ 8,534 Provision for loan losses 202 — — — — 202 Noninterest income 1,297 951 383 — — 2,631 Noninterest expense 6,409 755 340 90 — 7,594 Net income before taxes $ 3,175 $ 394 $ 43 $ 661 $ (904 ) $ 3,369 Income tax provision (benefit) 725 — — (65 ) — 660 Net income $ 2,450 $ 394 $ 43 $ 726 $ (904 ) $ 2,709 Commercial Investment (Dollars in thousands) and Retail Mortgage advisory and Banking Banking non-deposit Corporate Eliminations Consolidated Total Assets as of March 31, 2019 $ 1,076,190 $ 20,486 $ 7 $ 130,121 $ (129,408 ) $ 1,097,396 Total Assets as of December 31, 2018 $ 1,074,838 $ 16,078 $ 9 $ 129,992 $ (129,322 ) $ 1,091,595 Commercial Investment (Dollars in thousands) and Retail Mortgage advisory and Banking Banking non-deposit Corporate Eliminations Consolidated Total Assets as of March 31, 2018 $ 1,051,311 $ 18,361 $ 17 $ 123,501 $ (122,651 ) $ 1,070,539 Total Assets as of December 31, 2017 $ 1,033,483 $ 16,298 $ 19 $ 121,326 $ (120,395 ) $ 1,050,731

LEASES

LEASES	3 Months Ended
	Mar. 31, 2019
Leases [Abstract]
LEASES	Note 9—Leases Effective January 1, 2019 the Company adopted ASC 842 “Leases”. Currently, the Company has operating leases on two of its facilities that are accounted for under this standard. As a result of this standard, the Company recognized a right-of-use asset and a lease liability of $2.8 million, respectively. During the period ended March 31, 2019, the Company made cash payments in the amount of $64.5 thousand for operating leases. The lease expense recognized during this period amounted to $58.1 thousand and the lease liability was reduced by $15.6 thousand. The following table is a maturity analysis of the operating lease liabilities. The weighted average lease term is 18.88 years and the weighted average discount rate used is 4.83%. (Dollars in thousands) Liability Year Cash Lease Expense Reduction 2019 $ 196 $ 135 $ 61 2020 200 133 67 2021 204 129 75 2022 208 125 83 2023 212 121 91 Thereafter 3,471 994 2,477 Total $ 4,492 $ 1,638 $ 2,854

SUBSEQUENT EVENTS

SUBSEQUENT EVENTS	3 Months Ended
	Mar. 31, 2019
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)	3 Months Ended
	Mar. 31, 2019
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) Three months ended March 31, 2019 2018 Numerator (Net income available to common shareholders) $ 2,495 $ 2,709 Denominator Weighted average common shares outstanding for: Basic shares 7,634 7,569 Dilutive securities: Deferred compensation 52 16 Warrants/Restricted stock -Treasury stock method 39 128 Diluted shares 7,725 7,713 The average market price used in calculating assumed number of shares $ 19.90 $ 21.94

INVESTMENT SECURITIES (Tables)

INVESTMENT SECURITIES (Tables)	3 Months Ended
	Mar. 31, 2019
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 March 31, 2019 US Treasury securities $ 15,521 $ 18 $ 24 $ 15,515 Government Sponsored Enterprises 1,100 11 1 1,110 Mortgage-backed securities 114,397 209 1,419 113,187 Small Business Administration pools 50,403 212 505 50,110 State and local government 65,344 1,700 237 66,807 Other securities 18 — — 18 $ 246,783 $ 2,150 $ 2,186 $ 246,747 Gross Gross Amortized Unrealized Unrealized (Dollars in thousands) Cost Gains Losses Fair Value December 31, 2018 US Treasury securities $ 15,488 $ 9 $ 40 $ 15,457 Government Sponsored Enterprises 1,096 6 2 1,100 Mortgage-backed securities 117,862 73 2,460 115,475 Small Business Administration pools 55,784 247 695 55,336 State and local government 50,599 619 712 50,506 Other securities 19 — — 19 $ 240,848 $ 954 $ 3,909 $ 237,893
Schedule of amortized cost and estimated fair values of held-to-maturity securities	HELD-TO-MATURITY: Gross Gross Amortized Unrealized Unrealized (Dollars in thousands) Cost Gains Losses Fair Value December 31, 2018 State and local government $ 16,174 $ 50 $ 40 $ 16,184 $ 16,174 $ 50 $ 40 $ 16,184
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 March 31, 2019 and December 31, 2018. (Dollars in thousands) Less than 12 months 12 months or more Total March 31, 2019 Fair Unrealized Fair Unrealized Fair Unrealized Available-for-sale securities: Value Loss Value Loss Value Loss US Treasury securities $ 6,982 $ 2 $ 2,892 $ 22 $ 9,874 $ 24 Government Sponsored Enterprise — — 124 1 124 1 Government Sponsored Enterprise mortgage-backed securities 1,196 15 84,454 1,404 85,650 1,419 Small Business Administration pools 13,661 160 19,483 345 33,144 505 State and local government — — 13,126 237 13,126 237 $ 21,839 $ 177 $ 120,079 $ 2,009 $ 141,918 $ 2,185 (Dollars in thousands) Less than 12 months 12 months or more Total December 31, 2018 Fair Unrealized Fair Unrealized Fair Unrealized Available-for-sale securities: Value Loss Value Loss Value Loss US Treasury securities $ 8,355 $ 10 $ 1,488 $ 30 $ 9,843 $ 40 Government Sponsored Enterprise — — 122 2 122 2 Government Sponsored Enterprise mortgage-backed securities 13,924 121 89,870 2,339 103,794 2,460 Small Business Administration pools 16,400 211 20,330 484 36,730 695 State and local government 9,517 52 15,598 660 25,115 712 $ 48,196 $ 394 $ 127,408 $ 3,515 $ 175,604 $ 3,909 (Dollars in thousands) Less than 12 months 12 months or more Total December 31, 2018 Fair Unrealized Fair Unrealized Fair Unrealized Held-to-maturity securities: Value Loss Value Loss Value Loss State and local government $ 2,843 $ 14 $ 4,899 $ 26 $ 7,742 $ 40
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 March 31, 2019 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. March 31, 2019 Available-for-sale Amortized Fair (Dollars in thousands) Cost Value Due in one year or less $ 17,746 $ 17,752 Due after one year through five years 121,784 121,218 Due after five years through ten years 93,937 94,369 Due after ten years 13,315 13,408 $ 246,782 $ 246,747

LOANS (Tables)

LOANS (Tables)	3 Months Ended
	Mar. 31, 2019
Receivables [Abstract]
Summary of loans by category	Loans summarized by category as of March 31, 2019, December 31, 2018 and March 31, 2018 are as follows: March 31, December 31, March 31, (Dollars in thousands) 2019 2018 2018 Commercial, financial and agricultural $ 52,289 $ 53,933 $ 44,724 Real estate: Construction 56,234 58,440 44,273 Mortgage-residential 50,732 52,764 46,801 Mortgage-commercial 519,420 513,833 488,597 Consumer: Home equity 30,092 29,583 32,544 Other 9,653 9,909 11,644 Total $ 718,420 $ 718,462 $ 668,583
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 three months ended March 31, 2019 and March 31, 2018 and for the year ended December 31, 2018 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 March 31, 2019 Allowance for loan losses: Beginning balance December 31, 2018 $ 430 $ 89 $ 431 $ 4,318 $ 261 $ 88 $ 646 $ 6,263 Charge-offs (2 ) — — — (1 ) (30 ) — (33 ) Recoveries — — — 10 — 9 — 19 Provisions (10 ) 7 (19 ) 18 8 22 79 105 Ending balance March 31, 2019 $ 418 $ 96 $ 412 $ 4,346 $ 268 $ 89 $ 725 $ 6,354 Ending balances: Individually evaluated for impairment $ — $ — $ — $ 14 $ — $ — $ — $ 14 Collectively evaluated for impairment 418 96 412 4,332 268 89 725 6,340 March 31, 2019 Loans receivable: Ending balance-total $ 52,289 $ 56,234 $ 50,732 $ 519,420 $ 30,092 $ 9,653 $ — $ 718,420 Ending balances: Individually evaluated for impairment — — 409 4,162 57 5 — 4,633 Collectively evaluated for impairment $ 52,289 $ 56,234 $ 50,323 $ 515,258 $ 30,035 $ 9,648 $ — $ 713,787 (Dollars in thousands) Real estate Real estate Consumer Real estate Mortgage Mortgage Home Consumer Commercial Construction Residential Commercial equity Other Unallocated Total March 31, 2018 Allowance for loan losses: Beginning balance December 31, 2017 $ 221 $ 101 $ 461 $ 3,077 $ 308 $ 35 $ 1,594 $ 5,797 Charge-offs — — (1 ) — — (47 ) — (48 ) Recoveries — — — 27 — 8 — 35 Provisions (11 ) (3 ) 256 13 171 67 (291 ) 202 Ending balance March 31, 2018 $ 210 $ 98 $ 716 $ 3,117 $ 479 $ 63 $ 1,303 $ 5,986 Ending balances: Individually evaluated for impairment $ — $ — $ 1 $ 19 $ — $ — $ — $ 20 Collectively evaluated for impairment 210 98 715 3,098 479 63 1,303 5,966 March 31, 2018 Loans receivable: Ending balance-total $ 44,724 $ 44,273 $ 46,801 $ 488,597 $ 32,544 $ 11,644 $ — $ 668,583 Ending balances: Individually evaluated for impairment — — 436 4,440 35 — — 4,911 Collectively evaluated for impairment $ 44,724 $ 44,273 $ 46,365 $ 484,157 $ 32,509 $ 11,644 $ — $ 663,672 (Dollars in thousands) Real estate Real estate Consumer Real estate Mortgage Mortgage Home Consumer Commercial Construction Residential Commercial equity Other Unallocated Total December 31, 2018 Allowance for loan losses: Beginning balance December 31, 2017 $ 221 $ 101 $ 461 $ 3,077 $ 308 $ 35 $ 1,594 $ 5,797 Charge-offs — — (1 ) — (23 ) (140 ) — (164 ) Recoveries 3 — 4 210 6 61 — 284 Provisions 206 (12 ) (33 ) 1,031 (30 ) 132 (948 ) 346 Ending balance December 31, 2018 $ 430 $ 89 $ 431 $ 4,318 $ 261 $ 88 $ 646 $ 6,263 Ending balances: Individually evaluated for impairment $ — $ — $ — $ 14 $ — $ — $ — $ 14 Collectively evaluated for impairment 430 89 431 4,304 261 88 646 6,249 December 31, 2018 Loans receivable: Ending balance-total $ 53,933 $ 58,440 $ 52,764 $ 513,833 $ 29,583 $ 9,909 $ — $ 718,462 Ending balances: Individually evaluated for impairment — — 322 4,030 29 — — 4,381 Collectively evaluated for impairment $ 53,933 $ 58,440 $ 52,442 $ 509,803 $ 29,554 $ 9,909 $ — $ 714,081
Schedule of related party loan	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 three months ended March 31, 2019 and March 31, 2018: (Dollars in thousands) 2019 2018 Beginning Balance December 31, $ 5,937 $ 5,549 New Loans — 567 Less loan repayments 85 641 Ending Balance March 31, $ 5,852 $ 5,475
Schedule of loans individually evaluated and considered impaired	The following table presents at March 31, 2019 and December 31, 2018 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) March 31, December 31, 2019 2018 Total loans considered impaired $ 4,633 $ 4,381 Loans considered impaired for which there is a related allowance for loan loss: Outstanding loan balance $ 447 $ 453 Related allowance $ 14 $ 14 Loans considered impaired and previously written down to fair value $ 2,809 $ 3,928 Average impaired loans $ 4,973 $ 4,128 Amount of interest earned during period of impairment $ 72 $ 160
Schedule of loan category and loans individually evaluated and considered impaired	The following tables are by loan category and present at March 31, 2019, March 31, 2018 and December 31, 2018 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) Three months ended Unpaid Average Interest March 31, 2019 Recorded Principal Related Recorded Income Investment Balance Allowance Investment Recognized With no allowance recorded: Commercial $ — $ — $ — $ — $ — Real estate: Construction — — — — — Mortgage-residential 409 462 — 413 4 Mortgage-commercial 3,715 6,708 — 4,048 61 Consumer: Home Equity 57 59 — 59 1 Other 5 5 — 5 — With an allowance recorded: Commercial — — — — — Real estate: Construction — — — — — Mortgage-residential — — — — — Mortgage-commercial 447 447 14 448 6 Consumer: Home Equity — — — — — Other — — — — — Total: Commercial — — — — — Real estate: Construction — — — — — Mortgage-residential 409 462 — 413 4 Mortgage-commercial 4,162 7,155 14 4,496 67 Consumer: Home Equity 57 59 — 59 1 Other 5 5 — 5 — $ 4,633 $ 7,681 $ 14 $ 4,973 $ 72 (Dollars in thousands) Three months ended Unpaid Average Interest March 31, 2018 Recorded Principal Related Recorded Income Investment Balance Allowance Investment Recognized With no allowance recorded: Commercial $ — $ — $ — $ — $ — Real estate: Construction — — — — — Mortgage-residential 395 466 — 394 4 Mortgage-commercial 2,807 5,674 — 3,000 52 Consumer: Home Equity 35 35 — 35 — Other — — — — — With an allowance recorded: Commercial — — — — — Real estate: Construction — — — — — Mortgage-residential 41 41 1 41 1 Mortgage-commercial 1,633 1,633 19 1,655 29 Consumer: Home Equity — — — — — Other — — — — — Total: Commercial — — — — — Real estate: Construction — — — — — Mortgage-residential 436 507 1 435 5 Mortgage-commercial 4,440 7,307 19 4,655 81 Consumer: Home Equity 35 35 — 35 — Other — — — — — $ 4,911 $ 7,849 $ 20 $ 5,126 $ 86 (Dollars in thousands) December 31, 2018 Unpaid Average Interest Recorded Principal Related Recorded Income Investment Balance Allowance Investment Recognized With no allowance recorded: Commercial $ — $ — $ — $ — $ — Real estate: Construction — — — — — Mortgage-residential 322 371 — 483 9 Mortgage-commercial 3,577 6,173 — 3,232 128 Consumer: Home Equity 29 30 — 33 2 Other — — — — — With an allowance recorded: Commercial — — — — — Real estate: Construction — — — — — Mortgage-residential — — — — — Mortgage-commercial 453 453 14 380 21 Consumer: Home Equity — — — — — Other — — — — — Total: Commercial — — — — — Real estate: Construction — — — — — Mortgage-residential 322 371 — 483 9 Mortgage-commercial 4,030 6,626 14 3,612 149 Consumer: Home Equity 29 30 — 33 2 Other — — — — — $ 4,381 $ 7,027 $ 14 $ 4,128 $ 160
Schedule of loan category and loan by risk categories	As of March 31, 2019 and December 31, 2018, 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 March 31, 2019 and December 31, 2018, no loans were classified as doubtful. (Dollars in thousands) March 31, 2019 Special Pass Mention Substandard Doubtful Total Commercial, financial & agricultural $ 52,052 $ 237 $ — $ — $ 52,289 Real estate: Construction 56,234 — — — 56,234 Mortgage – residential 49,567 486 679 — 50,732 Mortgage – commercial 511,101 3,977 4,342 — 519,420 Consumer: Home Equity 28,622 1,171 299 — 30,092 Other 9,651 — 2 9,653 Total $ 707,227 $ 5,871 $ 5,322 $ — $ 718,420 (Dollars in thousands) December 31, 2018 Special Pass Mention Substandard Doubtful Total Commercial, financial & agricultural $ 53,709 $ 224 $ — $ — $ 53,933 Real estate: Construction 58,440 — — — 58,440 Mortgage – residential 51,286 633 845 — 52,764 Mortgage – commercial 505,493 5,176 3,164 — 513,833 Consumer: Home Equity 28,071 1,197 315 — 29,583 Other 9,907 — 2 — 9,909 Total $ 706,906 $ 7,230 $ 4,326 $ — $ 718,462
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 March 31, 2019 and December 31, 2018: (Dollars in thousands) Greater than 30-59 Days 60-89 Days 90 Days and Total March 31, 2019 Past Due Past Due Accruing Nonaccrual Past Due Current Total Loans Commercial $ 831 $ — $ — $ — $ 831 $ 51,458 $ 52,289 Real estate: Construction 114 — — — 114 56,120 56,234 Mortgage-residential 73 — — 409 482 50,250 50,732 Mortgage-commercial 93 — — 2,171 2,264 517,156 519,420 Consumer: — Home equity 99 — — 57 156 29,936 30,092 Other 49 13 22 5 89 9,564 9,653 $ 1,259 $ 13 $ 22 $ 2,642 $ 3,936 $ 714,484 $ 718,420 (Dollars in thousands) Greater than 30-59 Days 60-89 Days 90 Days and Total December 31, 2018 Past Due Past Due Accruing Nonaccrual Past Due Current Total Loans Commercial $ 18 $ 8 $ — $ — $ 26 $ 53,907 $ 53,933 Real estate: Construction — — — — — 58,440 58,440 Mortgage-residential 110 163 — 284 557 52,207 52,764 Mortgage-commercial 1,302 — — 2,232 3,534 510,299 513,833 Consumer: — Home equity 146 11 31 29 217 29,366 29,583 Other 14 55 — — 69 9,840 9,909 $ 1,590 $ 237 $ 31 $ 2,545 $ 4,403 $ 714,059 $ 718,462
Schedule for changes in the accretable yield for PCI loans	A summary of changes in the accretable yield for PCI loans for the three months ended March 31, 2019 and March 31, 2018 follows: (Dollars in thousands) Three Months Three Months Accretable yield, beginning of period $ 153 $ 22 Additions — — Accretion (7 ) (10 ) Reclassification of nonaccretable difference due to improvement in expected cash flows — — Other changes, net 0 — Accretable yield, end of period $ 145 $ 12

FAIR VALUE MEASUREMENT (Tables)

FAIR VALUE MEASUREMENT (Tables)	3 Months Ended
	Mar. 31, 2019
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 March 31, 2019 and December 31, 2018 are as follows: March 31, 2019 Fair Value (Dollars in thousands) Carrying Total Level 1 Level 2 Level 3 Financial Assets: Cash and short term investments $ 38,207 $ 38,207 $ 38,207 $ — $ — Available-for-sale securities 246,747 246,747 8 246,739 — Other investments, at cost 2,162 2,162 — — 2,162 Loans held for sale 7,299 7,299 — 7,299 — Net loans receivable 712,066 712,066 — — 712,066 Accrued interest 3,616 3,616 3,616 — — Financial liabilities: Non-interest bearing demand $ 257,764 $ 257,764 $ — $ 257,764 $ — Interest bearing demand deposits and money market accounts 376,843 376,843 — 376,843 — Savings 105,588 105,588 — 105,588 — Time deposits 179,578 180,066 — 180,066 — Total deposits 919,773 920,261 — 920,264 — Federal Home Loan Bank Advances 2,226 2,226 — 2,226 — Short term borrowings 32,007 32,007 — 32,007 — Junior subordinated debentures 14,964 13,453 — 13,453 — Accrued interest payable 951 951 951 — — December 31, 2018 Fair Value (Dollars in thousands) Carrying Total Level 1 Level 2 Level 3 Financial Assets: Cash and short term investments $ 32,268 $ 32,268 $ 32,268 $ — $ — Held-to-maturity securities 16,174 16,184 — 16,184 — Available-for-sale securities 237,893 237,893 1,642 235,560 691 Other investments, at cost 1,955 1,955 — — 1,955 Loans held for sale 3,223 3,223 — 3,223 — Net loans receivable 712,199 697,432 — 693,065 4,367 Accrued interest 3,579 3,579 3,579 — — Financial liabilities: Non-interest bearing demand $ 244,686 $ 244,686 $ — $ 244,686 $ — Interest bearing demand deposits and money market accounts 393,473 393,473 — 393,4738 — Savings 108,368 108,368 — 108,368 — Time deposits 178,996 177,797 — 177,797 — Total deposits 925,523 925,849 — 925,849 — Federal Home Loan Bank Advances 231 231 — 231 — Short term borrowings 28,022 28,022 — 28,022 — Junior subordinated debentures 14,964 14,178 — 12,791 — Accrued interest payable 861 861 861 — —
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 March 31, 2019 and December 31, 2018 that are measured on a recurring basis. There were no liabilities carried at fair value as of March 31, 2019 or December 31, 2018 that are measured on a recurring basis. (Dollars in thousands) Description March 31, Quoted Prices Significant Significant Available for sale securities US Treasury Securities $ 15,515 $ — $ 15,515 $ — Government sponsored enterprises 1,110 — 1,110 — Mortgage-backed securities 113,187 — 113,187 — Small Business Administration pools 50,110 — 50,110 — State and local government 66,807 — 66,807 — Corporate and other securities 18 8 10 — 246,747 8 246,739 — Loans held for sale 7,299 — 7,299 — Total $ 254,046 $ 8 $ 254,038 $ — (Dollars in thousands) Description December 31, 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 $ 15,457 $ — $ 15,457 $ — Government sponsored enterprises 1,100 — 1,100 — Mortgage-backed securities 115,475 — 114,784 691 Small Business Administration securities 55,336 1,633 53,703 — State and local government 50,506 — 50,506 — Corporate and other securities 19 9 10 — 237,893 1,642 235,560 691 Loans held for sale 3,223 — 3,223 — Total $ 241,116 $ 1,642 $ 238,783 $ 691
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 March 31, 2019 and December 31, 2018 that are measured on a non-recurring basis. There were no Level 3 financial instruments for the three months ended March 31, 2019 and March 31, 2018 measured on a recurring basis. (Dollars in thousands) Description March 31, 2019 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 409 — — 409 Mortgage-commercial 4,148 — — 4,148 Consumer: Home equity 57 — — 57 Other 5 — — 5 Total impaired 4,619 — — 4,619 Other real estate owned: Construction 828 — — 828 Mortgage-residential 632 — — 632 Total other real estate owned 1,460 — — 1,460 Total $ 6,079 $ — $ — $ 6,079 (Dollars in thousands) Description December 31, 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 & Industrial $ — $ — $ — $ — Real estate: Mortgage-residential 322 — — 322 Mortgage-commercial 4,016 — — 4,016 Consumer: Home equity 29 — — 29 Other — — — — Total impaired 4,367 — — 4,367 Other real estate owned: Construction 828 — — 828 Mortgage-residential 632 — — 632 Total other real estate owned 1,460 — — 1,460 Total $ 6,057 $ — $ — $ 6,057
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 March 31, 2019 and December 31, 2018, the significant unobservable inputs used in the fair value measurements were as follows: (Dollars in thousands) Fair Value as of March 31, 2019 Valuation Technique Significant Observable Inputs Significant Unobservable Inputs OREO $ 1,460 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 $ 4,619 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, 2018 Valuation Technique Significant Observable Inputs Significant Unobservable Inputs OREO $ 1,460 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 $ 4,367 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)	3 Months Ended
	Mar. 31, 2019
Banking and Thrift [Abstract]
Schedule of Total Deposit Liabilities	The Company’s total deposits are comprised of the following at the dates indicated: March 31, December 31, (Dollars in thousands) 2019 2018 Non-interest bearing demand deposits $ 257,764 $ 244,686 Interest bearing demand deposits and money market accounts 376,843 393,473 Savings 105,588 108,369 Time deposits 179,578 178,995 Total deposits $ 919,773 $ 925,523

REPORTABLE SEGMENTS (Tables)

REPORTABLE SEGMENTS (Tables)	3 Months Ended
	Mar. 31, 2019
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: Three months ended March 31, 2019 Commercial Investment (Dollars in thousands) and Retail Mortgage advisory and Banking Banking non-deposit Corporate Eliminations Consolidated Dividend and Interest Income $ 10,131 $ 237 $ — $ 1,017 $ (1,011 ) 10,374 Interest expense 1,156 — — 198 — 1,354 Net interest income $ 8,975 $ 237 $ — $ 819 $ (1,011 ) $ 9,020 Provision for loan losses 105 — — — — 105 Noninterest income 1,227 844 438 — — 2,509 Noninterest expense 7,024 804 415 80 — 8,323 Net income before taxes $ 3,073 $ 277 $ 23 $ 739 $ (1,011 ) $ 3,101 Income tax provision (benefit) 685 — — (79 ) — 606 Net income $ 2,388 $ 277 $ 23 $ 818 $ (1,011 ) $ 2,495 Three months ended March 31, 2018 Commercial Investment (Dollars in thousands) and Retail Mortgage advisory and Banking Banking non-deposit Corporate Eliminations Consolidated Dividend and Interest Income $ 9,128 $ 198 $ — $ 909 $ (904 ) 9,331 Interest expense 639 — — 158 — 797 Net interest income $ 8,489 $ 198 $ — $ 751 $ (904 ) $ 8,534 Provision for loan losses 202 — — — — 202 Noninterest income 1,297 951 383 — — 2,631 Noninterest expense 6,409 755 340 90 — 7,594 Net income before taxes $ 3,175 $ 394 $ 43 $ 661 $ (904 ) $ 3,369 Income tax provision (benefit) 725 — — (65 ) — 660 Net income $ 2,450 $ 394 $ 43 $ 726 $ (904 ) $ 2,709 Commercial Investment (Dollars in thousands) and Retail Mortgage advisory and Banking Banking non-deposit Corporate Eliminations Consolidated Total Assets as of March 31, 2019 $ 1,076,190 $ 20,486 $ 7 $ 130,121 $ (129,408 ) $ 1,097,396 Total Assets as of December 31, 2018 $ 1,074,838 $ 16,078 $ 9 $ 129,992 $ (129,322 ) $ 1,091,595 Commercial Investment (Dollars in thousands) and Retail Mortgage advisory and Banking Banking non-deposit Corporate Eliminations Consolidated Total Assets as of March 31, 2018 $ 1,051,311 $ 18,361 $ 17 $ 123,501 $ (122,651 ) $ 1,070,539 Total Assets as of December 31, 2017 $ 1,033,483 $ 16,298 $ 19 $ 121,326 $ (120,395 ) $ 1,050,731

LEASES (Tables)

LEASES (Tables)	3 Months Ended
	Mar. 31, 2019
Leases
Schedule of operating lease liabilities	(Dollars in thousands) Liability Year Cash Lease Expense Reduction 2019 $ 196 $ 135 $ 61 2020 200 133 67 2021 204 129 75 2022 208 125 83 2023 212 121 91 Thereafter 3,471 994 2,477 Total $ 4,492 $ 1,638 $ 2,854

EARNINGS PER SHARE (Details)

EARNINGS PER SHARE (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Earnings Per Share [Abstract]
Numerator (Included in basic and diluted earnings per share)	$ 2,495	$ 2,709
Weighted average common shares outstanding for:
Basic earnings common per share (in shares)	7,634,000	7,569,000
Dilutive securities:
Deferred compensation (in shares)	52,000	16,000
Warrants - Treasury stock method (in shares)	39,000	128,000
Diluted earnings per share (in shares)	7,725,000	7,713,000
The average market price used in calculating assumed number of shares (in dollars per share)	$ 19.90	$ 21.94

EARNINGS PER SHARE (Details Nar

EARNINGS PER SHARE (Details Narrative) - USD ($) $ in Thousands	Dec. 16, 2011	Mar. 31, 2019
Warrants outstanding		36,550
Junior Subordinated Debt [Member]
Debt issued	$ 2,500
Common Warrant [Member]
Warrants issued (in shares)	107,500

INVESTMENT SECURITIES (Details)

INVESTMENT SECURITIES (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2019	Dec. 31, 2018
Debt Securities, Available-for-sale [Line Items]
Amortized Cost	$ 246,783	$ 240,848
Gross Unrealized Gains	2,150	954
Gross Unrealized Losses	2,186	3,909
Fair Value	246,747	237,893
US Treasury Securities [Member]
Debt Securities, Available-for-sale [Line Items]
Amortized Cost	15,521	15,488
Gross Unrealized Gains	18	9
Gross Unrealized Losses	24	40
Fair Value	15,515	15,457
Government sponsored enterprises [Member]
Debt Securities, Available-for-sale [Line Items]
Amortized Cost	1,100	1,096
Gross Unrealized Gains	11	6
Gross Unrealized Losses	1	2
Fair Value	1,110	1,100
Government Sponsored Enterprise mortgage-backed securities [Member]
Debt Securities, Available-for-sale [Line Items]
Amortized Cost	114,397	117,862
Gross Unrealized Gains	209	73
Gross Unrealized Losses	1,419	2,460
Fair Value	113,187	115,475
Small Business Administration pools [Member]
Debt Securities, Available-for-sale [Line Items]
Amortized Cost	50,403	55,784
Gross Unrealized Gains	212	247
Gross Unrealized Losses	505	695
Fair Value	50,110	55,336
State and local government [Member]
Debt Securities, Available-for-sale [Line Items]
Amortized Cost	65,344	50,599
Gross Unrealized Gains	1,700	619
Gross Unrealized Losses	237	712
Fair Value	66,807	50,506
Corporate and other securities [Member]
Debt Securities, Available-for-sale [Line Items]
Amortized Cost	18	19
Gross Unrealized Gains
Gross Unrealized Losses
Fair Value	$ 18	$ 19

INVESTMENT SECURITIES (Details

INVESTMENT SECURITIES (Details 2) $ in Thousands	Dec. 31, 2018USD ($)
Debt and Equity Securities, FV-NI [Line Items]
Amortized Cost	$ 16,174
Gross Unrealized Gains	50
Gross Unrealized Losses	40
Fair Value	16,184
State and local government [Member]
Debt and Equity Securities, FV-NI [Line Items]
Amortized Cost	16,174
Gross Unrealized Gains	50
Gross Unrealized Losses	40
Fair Value	$ 16,184

INVESTMENT SECURITIES (Detail_2

INVESTMENT SECURITIES (Details 3) - USD ($) $ in Thousands	Mar. 31, 2019	Dec. 31, 2018
Available-for-sale securities
Less Than 12 Months, Fair Value	$ 21,839	$ 48,196
Less Than 12 Months, Unrealized Losses	177	394
12 Months Or Longer, Fair Value	120,079	127,408
12 Months Or Longer, Unrealized Losses	2,009	3,515
Total Fair Value	141,918	175,604
Total Unrealized Losses	2,185	3,909
Held-to-maturity debt securities
Less Than 12 Months, Fair Value		2,843
Less Than 12 Months, Unrealized Losses		14
12 Months Or Longer, Fair Value		4,899
12 Months Or Longer, Unrealized Losses		26
Total Fair Value		7,742
Total Unrealized Losses		40
US Treasury Securities [Member]
Available-for-sale securities
Less Than 12 Months, Fair Value	6,982	8,355
Less Than 12 Months, Unrealized Losses	2	10
12 Months Or Longer, Fair Value	2,892	1,488
12 Months Or Longer, Unrealized Losses	22	30
Total Fair Value	9,874	9,843
Total Unrealized Losses	24	40
Government sponsored enterprises [Member]
Available-for-sale securities
Less Than 12 Months, Fair Value
Less Than 12 Months, Unrealized Losses
12 Months Or Longer, Fair Value	124	122
12 Months Or Longer, Unrealized Losses	1	2
Total Fair Value	124	122
Total Unrealized Losses	1	2
Government Sponsored Enterprise mortgage-backed securities [Member]
Available-for-sale securities
Less Than 12 Months, Fair Value	1,196	13,924
Less Than 12 Months, Unrealized Losses	15	121
12 Months Or Longer, Fair Value	84,454	89,870
12 Months Or Longer, Unrealized Losses	1,404	2,339
Total Fair Value	85,650	103,794
Total Unrealized Losses	1,419	2,460
Small Business Administration pools [Member]
Available-for-sale securities
Less Than 12 Months, Fair Value	13,661	16,400
Less Than 12 Months, Unrealized Losses	160	211
12 Months Or Longer, Fair Value	19,483	20,330
12 Months Or Longer, Unrealized Losses	345	484
Total Fair Value	33,144	36,730
Total Unrealized Losses	505	695
State and local government [Member]
Available-for-sale securities
Less Than 12 Months, Fair Value		9,517
Less Than 12 Months, Unrealized Losses		52
12 Months Or Longer, Fair Value	13,126	15,598
12 Months Or Longer, Unrealized Losses	237	660
Total Fair Value	13,126	25,115
Total Unrealized Losses	$ 237	712
Held-to-maturity debt securities
Less Than 12 Months, Fair Value		2,843
Less Than 12 Months, Unrealized Losses		14
12 Months Or Longer, Fair Value		4,899
12 Months Or Longer, Unrealized Losses		26
Total Fair Value		7,742
Total Unrealized Losses		$ 40

INVESTMENT SECURITIES (Detail_3

INVESTMENT SECURITIES (Details 4) $ in Thousands	Mar. 31, 2019USD ($)
Available-for-sale, Amortized Cost
Due in one year or less	$ 17,746
Due after one year through five years	121,784
Due after five years through ten years	93,937
Due after ten years	13,315
Total	246,782
Available-for-sale, Fair Value
Due in one year or less	17,752
Due after one year through five years	121,218
Due after five years through ten years	94,369
Due after ten years	13,408
Total	$ 246,747

INVESTMENT SECURITIES (Detail_4

INVESTMENT SECURITIES (Details Narrative) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018	Dec. 31, 2018
Proceeds from sale of investment securities available-for-sale	$ 7,137	$ 5,605
Gross realized gains	41	34
Gross realized losses	70	$ 138
Amortized Cost	246,782
Fair Value	246,747
FHLB Stock	1,200		$ 955
Securities pledged amortized cost	114,400		113,200
Securities pledged fair value	117,900		115,400
Mutual Funds [Member]
Fair Value	8		9
Foreign Corporate Debt Securities [Member]
Fair Value	10		10
Corporate Bond Securities [Member]
Fair Value	1,000		1,000
Non-agency mortgage-backed securities [Member]
Securities pledged amortized cost	146,300		199,000
Securities pledged fair value	$ 146,600		$ 204,100

LOANS (Details)

LOANS (Details) - USD ($) $ in Thousands	Mar. 31, 2019	Dec. 31, 2018	Mar. 31, 2018
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans	$ 718,420	$ 718,462	$ 668,583
Commercial Financial and Agricultural Loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans	52,289	53,933	44,724
Real Estate Construction Loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans	56,234	58,440	44,273
Real estate Mortgage-residential [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans	50,732	52,764	46,801
Real estate Mortgage-commercial [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans	519,420	513,833	488,597
Consumer Home Equity Line of Credit [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans	30,092	29,583	32,544
Consumer Other Financing Receivable [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans	$ 9,653	$ 9,909	$ 11,644

LOANS (Details 2)

LOANS (Details 2) - USD ($) $ in Thousands	3 Months Ended		12 Months Ended
	Mar. 31, 2019	Mar. 31, 2018	Dec. 31, 2018
Activity in the allowance for loan losses
Balance at the beginning of the period	$ 6,263	$ 5,797	$ 5,797
Charge-offs	(33)	(48)	(164)
Recoveries	19	35	284
Provisions	105	202	346
Balance at end of the period	6,354	5,986	6,263
Allowance for loan losses
Individually evaluated for impairment	14	20	14
Collectively evaluated for impairment	6,340	5,966	6,249
Loans receivable:
Ending balance-total	718,420	668,583	718,462
Individually evaluated for impairment	4,633	4,911	4,381
Collectively evaluated for impairment	713,787	663,672	714,081
Commercial Financial and Agricultural Loans [Member]
Activity in the allowance for loan losses
Balance at the beginning of the period	430	221	221
Charge-offs	(2)
Recoveries			3
Provisions	(10)	(11)	206
Balance at end of the period	418	210	430
Allowance for loan losses
Individually evaluated for impairment
Collectively evaluated for impairment	418	210	430
Loans receivable:
Ending balance-total	52,289	44,724	53,933
Individually evaluated for impairment
Collectively evaluated for impairment	52,289	44,724	53,933
Real Estate Construction Loans [Member]
Activity in the allowance for loan losses
Balance at the beginning of the period	89	101	101
Charge-offs
Recoveries
Provisions	7	(3)	(12)
Balance at end of the period	96	98	89
Allowance for loan losses
Individually evaluated for impairment
Collectively evaluated for impairment	96	98	89
Loans receivable:
Ending balance-total	56,234	44,273	58,440
Individually evaluated for impairment
Collectively evaluated for impairment	56,234	44,273	58,440
Real estate Mortgage-residential [Member]
Activity in the allowance for loan losses
Balance at the beginning of the period	431	461	461
Charge-offs		(1)	(1)
Recoveries			4
Provisions	(19)	256	(33)
Balance at end of the period	412	716	431
Allowance for loan losses
Individually evaluated for impairment		1
Collectively evaluated for impairment	412	715	431
Loans receivable:
Ending balance-total	50,732	46,801	52,764
Individually evaluated for impairment	409	436	322
Collectively evaluated for impairment	50,323	46,365	52,442
Real estate Mortgage-commercial [Member]
Activity in the allowance for loan losses
Balance at the beginning of the period	4,318	3,077	3,077
Charge-offs
Recoveries	10	27	210
Provisions	18	13	1,031
Balance at end of the period	4,346	3,117	4,318
Allowance for loan losses
Individually evaluated for impairment	14	19	14
Collectively evaluated for impairment	4,332	3,098	4,304
Loans receivable:
Ending balance-total	519,420	488,597	513,833
Individually evaluated for impairment	4,162	4,440	4,030
Collectively evaluated for impairment	515,258	484,157	509,803
Consumer Home Equity Line of Credit [Member]
Activity in the allowance for loan losses
Balance at the beginning of the period	261	308	308
Charge-offs	(1)		(23)
Recoveries			6
Provisions	8	171	(30)
Balance at end of the period	268	479	261
Allowance for loan losses
Individually evaluated for impairment
Collectively evaluated for impairment	268	479	261
Loans receivable:
Ending balance-total	30,092	32,544	29,583
Individually evaluated for impairment	57	35	29
Collectively evaluated for impairment	30,035	32,509	29,554
Consumer Other Financing Receivable [Member]
Activity in the allowance for loan losses
Balance at the beginning of the period	88	35	35
Charge-offs	(30)	(47)	(140)
Recoveries	9	8	61
Provisions	22	67	132
Balance at end of the period	89	63	88
Allowance for loan losses
Individually evaluated for impairment
Collectively evaluated for impairment	89	63	88
Loans receivable:
Ending balance-total	9,653	11,644	9,909
Individually evaluated for impairment	5
Collectively evaluated for impairment	9,648	11,644	9,909
Unallocated Financing Receivables [Member]
Activity in the allowance for loan losses
Balance at the beginning of the period	646	1,594	1,594
Charge-offs
Recoveries
Provisions	79	(291)	(948)
Balance at end of the period	725	1,303	646
Allowance for loan losses
Individually evaluated for impairment
Collectively evaluated for impairment	725	1,303	646
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			12 Months Ended
	Mar. 31, 2019	Dec. 31, 2018	Mar. 31, 2018	Dec. 31, 2018
Loans and Leases Receivable, Related Parties [Roll Forward]
Balance, beginning of year	$ 5,937		$ 5,549	$ 5,549
New Loans			567
Less loan repayments	85		641
Balance, end of year	5,852	$ 5,937	5,475	5,937
Loans considered impaired for which there is a related allowance for loan loss:
Total loans considered impaired at year end	4,633	4,381	4,911	4,381
Outstanding loan balance	447	453		453
Related allowance	14	14	20	14
Loans considered impaired and previously written down to fair value	2,809	3,928		3,928
Average impaired loans	4,973	4,128	5,126	4,128
Amount of interest earned during period of impairment	$ 72	$ 160	$ 86	$ 160

LOANS (Details 4)

LOANS (Details 4) - USD ($) $ in Thousands	3 Months Ended			12 Months Ended
	Mar. 31, 2019	Dec. 31, 2018	Mar. 31, 2018	Dec. 31, 2018
With no allowance recorded:
Recorded Investment	$ 2,809	$ 3,928		$ 3,928
With an allowance recorded:
Recorded Investment	447	453		453
Related allowance	14	14	$ 20	14
Total:
Recorded Investment	4,633	4,381	4,911	4,381
Unpaid Principal Balance	7,681	7,027	7,849	7,027
Average Recorded Investment	4,973	4,128	5,126	4,128
Interest Income Recognized	72	160	86	160
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	409	322	395	322
Unpaid Principal Balance	462	371	466	371
Average Recorded Investment	413		394	483
Interest Income Recognized	4		4	9
With an allowance recorded:
Recorded Investment			41
Unpaid Principal Balance			41
Related allowance			1
Average Recorded Investment			41
Interest Income Recognized			1
Total:
Recorded Investment	409	322	436	322
Unpaid Principal Balance	462	371	507	371
Average Recorded Investment	413		435	483
Interest Income Recognized	4		5	9
Real estate Mortgage-commercial [Member]
With no allowance recorded:
Recorded Investment	3,715	3,577	2,807	3,577
Unpaid Principal Balance	6,708	6,173	5,674	6,173
Average Recorded Investment	4,048		3,000	3,232
Interest Income Recognized	61		52	128
With an allowance recorded:
Recorded Investment	447	453	1,633	453
Unpaid Principal Balance	447	453	1,633	453
Related allowance	14	14	19	14
Average Recorded Investment	448		1,655	380
Interest Income Recognized	6		29	21
Total:
Recorded Investment	4,162	4,030	4,440	4,030
Unpaid Principal Balance	7,155	6,626	7,307	6,626
Average Recorded Investment	4,496		4,655	3,612
Interest Income Recognized	67		81	149
Consumer Home Equity Line of Credit [Member]
With no allowance recorded:
Recorded Investment	57	29	35	29
Unpaid Principal Balance	59	30	35	30
Average Recorded Investment	59		35	33
Interest Income Recognized	1			2
With an allowance recorded:
Recorded Investment
Unpaid Principal Balance
Related allowance
Average Recorded Investment
Interest Income Recognized
Total:
Recorded Investment	57	29	35	29
Unpaid Principal Balance	59	30	35	30
Average Recorded Investment	59		35	33
Interest Income Recognized	1			2
Consumer Other Financing Receivable [Member]
With no allowance recorded:
Recorded Investment	5
Unpaid Principal Balance	5
Average Recorded Investment	5
Interest Income Recognized
With an allowance recorded:
Recorded Investment
Unpaid Principal Balance
Related allowance
Average Recorded Investment
Interest Income Recognized
Total:
Recorded Investment	5
Unpaid Principal Balance	5
Average Recorded Investment	5
Interest Income Recognized

LOANS (Details 5)

LOANS (Details 5) - USD ($) $ in Thousands	Mar. 31, 2019	Dec. 31, 2018	Mar. 31, 2018
Loans	$ 718,420	$ 718,462	$ 668,583
Commercial Financial and Agricultural Loans [Member]
Loans	52,289	53,933	44,724
Real Estate Construction Loans [Member]
Loans	56,234	58,440	44,273
Real estate Mortgage-residential [Member]
Loans	50,732	52,764	46,801
Real estate Mortgage-commercial [Member]
Loans	519,420	513,833	488,597
Consumer Home Equity Line of Credit [Member]
Loans	30,092	29,583	32,544
Consumer Other Financing Receivable [Member]
Loans	9,653	9,909	$ 11,644
Pass [Member]
Loans	707,227	706,906
Pass [Member] | Commercial Financial and Agricultural Loans [Member]
Loans	52,052	53,709
Pass [Member] | Real Estate Construction Loans [Member]
Loans	56,234	58,440
Pass [Member] | Real estate Mortgage-residential [Member]
Loans	49,567	51,286
Pass [Member] | Real estate Mortgage-commercial [Member]
Loans	511,101	505,493
Pass [Member] | Consumer Home Equity Line of Credit [Member]
Loans	28,622	28,071
Pass [Member] | Consumer Other Financing Receivable [Member]
Loans	9,651	9,907
Special Mention [Member]
Loans	5,871	7,230
Special Mention [Member] | Commercial Financial and Agricultural Loans [Member]
Loans	237	224
Special Mention [Member] | Real Estate Construction Loans [Member]
Loans
Special Mention [Member] | Real estate Mortgage-residential [Member]
Loans	486	633
Special Mention [Member] | Real estate Mortgage-commercial [Member]
Loans	3,977	5,176
Special Mention [Member] | Consumer Home Equity Line of Credit [Member]
Loans	1,171	1,197
Special Mention [Member] | Consumer Other Financing Receivable [Member]
Loans
Substandard [Member]
Loans	5,322	4,326
Substandard [Member] | Commercial Financial and Agricultural Loans [Member]
Loans
Substandard [Member] | Real Estate Construction Loans [Member]
Loans
Substandard [Member] | Real estate Mortgage-residential [Member]
Loans	679	845
Substandard [Member] | Real estate Mortgage-commercial [Member]
Loans	4,342	3,164
Substandard [Member] | Consumer Home Equity Line of Credit [Member]
Loans	299	315
Substandard [Member] | Consumer Other Financing Receivable [Member]
Loans	2	2
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
	Mar. 31, 2019	Mar. 31, 2018
Disclosure Loans Details 9Abstract
Accretable yield, beginning of period	$ 153	$ 22
Additions
Accretion	(7)	(10)
Reclassification of nonaccretable difference due to improvement in expected cash flows
Other changes, net	0
Accretable yield, end of period	$ 145	$ 12

LOANS (Details 7)

LOANS (Details 7) - USD ($) $ in Thousands	Mar. 31, 2019	Dec. 31, 2018	Mar. 31, 2018
Financing Receivable, Recorded Investment, Past Due [Line Items]
30-59 Days Past Due	$ 1,259	$ 1,590
60-89 Days Past Due	13	237
Greater than 90 Days and Accruing	22	31
Nonaccrual	2,642	2,545
Total Past Due	3,936	4,403
Current	714,484	714,059
Total Loans	718,420	718,462	$ 668,583
Commercial Financial and Agricultural Loans [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
30-59 Days Past Due	831	18
60-89 Days Past Due		8
Greater than 90 Days and Accruing
Nonaccrual
Total Past Due	831	26
Current	51,458	53,907
Total Loans	52,289	53,933	44,724
Real Estate Construction Loans [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
30-59 Days Past Due	114
60-89 Days Past Due
Greater than 90 Days and Accruing
Nonaccrual
Total Past Due	114
Current	56,120	58,440
Total Loans	56,234	58,440	44,273
Real estate Mortgage-residential [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
30-59 Days Past Due	73	110
60-89 Days Past Due		163
Greater than 90 Days and Accruing
Nonaccrual	409	284
Total Past Due	482	557
Current	50,250	52,207
Total Loans	50,732	52,764	46,801
Real estate Mortgage-commercial [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
30-59 Days Past Due	93	1,302
60-89 Days Past Due
Greater than 90 Days and Accruing
Nonaccrual	2,171	2,232
Total Past Due	2,264	3,534
Current	517,156	510,299
Total Loans	519,420	513,833	488,597
Consumer Home Equity Line of Credit [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
30-59 Days Past Due	99	146
60-89 Days Past Due		11
Greater than 90 Days and Accruing		31
Nonaccrual	57	29
Total Past Due	156	217
Current	29,936	29,366
Total Loans	30,092	29,583	32,544
Consumer Other Financing Receivable [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
30-59 Days Past Due	49	14
60-89 Days Past Due	13	55
Greater than 90 Days and Accruing	22
Nonaccrual	5
Total Past Due	89	69
Current	9,564	9,840
Total Loans	$ 9,653	$ 9,909	$ 11,644

LOANS (Details Narrative)

LOANS (Details Narrative) - USD ($) $ in Thousands	Mar. 31, 2019	Dec. 31, 2018
Receivables [Abstract]
Non-accrual loans	$ 2,642	$ 2,545
Troubled debt restructurings	1,900	2,000
Loans greater than ninety days delinquent and still accruing interest	$ 22	$ 31

FAIR VALUE MEASUREMENT (Details

FAIR VALUE MEASUREMENT (Details) - USD ($) $ in Thousands	Mar. 31, 2019	Dec. 31, 2018
Financial Assets:
Held-to-maturity securities		$ 16,184
Available-for-sale securities	$ 246,747	237,893
Other investments, at cost	2,162	1,955
Financial liabilities:
Non-interest bearing demand	257,764	244,686
Interest bearing demand deposits and money market accounts	376,843	393,473
Savings	105,588	108,369
Time deposits	179,578	178,995
Fair Value, Inputs, Level 1 [Member]
Financial Assets:
Cash and short term investments	38,207	32,268
Held-to-maturity securities
Available-for-sale securities	8	1,642
Other investments, at cost
Loans held for sale
Net loans receivable
Accrued interest	3,616	3,579
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	951	861
Fair Value, Inputs, Level 2 [Member]
Financial Assets:
Cash and short term investments
Held-to-maturity securities		16,184
Available-for-sale securities	246,739	235,560
Other investments, at cost
Loans held for sale	7,299	3,223
Net loans receivable		693,065
Accrued interest
Financial liabilities:
Non-interest bearing demand	257,764	244,686
Interest bearing demand deposits and money market accounts	376,843	393,473
Savings	105,588	108,368
Time deposits	180,066	177,797
Total deposits	920,264	925,849
Federal Home Loan Bank Advances	2,226	231
Short term borrowings	32,007	28,022
Junior subordinated debentures	13,453	12,791
Accrued interest payable
Fair Value, Inputs, Level 3 [Member]
Financial Assets:
Cash and short term investments
Held-to-maturity securities
Available-for-sale securities		691
Other investments, at cost	2,162	1,955
Loans held for sale
Net loans receivable	712,066	4,367
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	38,207	32,268
Held-to-maturity securities		16,174
Available-for-sale securities	246,747	237,893
Other investments, at cost	2,162	1,955
Loans held for sale	7,299	3,223
Net loans receivable	712,066	712,199
Accrued interest	3,616	3,579
Financial liabilities:
Non-interest bearing demand	257,764	244,686
Interest bearing demand deposits and money market accounts	376,843	393,473
Savings	105,588	108,368
Time deposits	179,578	178,996
Total deposits	919,773	925,523
Federal Home Loan Bank Advances	2,226	231
Short term borrowings	32,007	28,022
Junior subordinated debentures	14,964	14,964
Accrued interest payable	951	861
Estimate of Fair Value, Fair Value Disclosure [Member]
Financial Assets:
Cash and short term investments	38,207	32,268
Held-to-maturity securities		16,184
Available-for-sale securities	246,747	237,893
Other investments, at cost	2,162	1,955
Loans held for sale	7,299	3,223
Net loans receivable	712,066	697,432
Accrued interest	3,616	3,579
Financial liabilities:
Non-interest bearing demand	257,764	244,686
Interest bearing demand deposits and money market accounts	376,843	393,473
Savings	105,588	108,368
Time deposits	180,066	177,797
Total deposits	920,261	925,849
Federal Home Loan Bank Advances	2,226	231
Short term borrowings	32,007	28,022
Junior subordinated debentures	13,453	14,178
Accrued interest payable	$ 951	$ 861

FAIR VALUE MEASUREMENT (Detai_2

FAIR VALUE MEASUREMENT (Details 2) - USD ($) $ in Thousands	Mar. 31, 2019	Dec. 31, 2018
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investment securities available-for-sale	$ 246,747	$ 237,893
Loans held for sale	7,299	3,223
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	246,747	237,893
US Treasury Securities [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investment securities available-for-sale	15,515	15,457
Government sponsored enterprises [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investment securities available-for-sale	1,110	1,100
Small Business Administration pools [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investment securities available-for-sale	50,110	55,336
State and local government [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investment securities available-for-sale	66,807	50,506
Corporate and other securities [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investment securities available-for-sale	18	19
Fair Value, Measurements, Recurring [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investment securities available-for-sale	246,747	237,893
Loans held for sale	7,299	3,223
Total Available for sale securities and Loans held for Sale	254,046	241,116
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	15,515	15,457
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	1,110	1,100
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	113,187	115,475
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	50,110	55,336
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	66,807	50,506
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	18	19
Fair Value, Inputs, Level 1 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investment securities available-for-sale	8	1,642
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	8	1,642
Loans held for sale
Total Available for sale securities and Loans held for Sale	8	1,642
Fair Value, Inputs, Level 1 [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		1,633
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	8	9
Fair Value, Inputs, Level 2 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investment securities available-for-sale	246,739	235,560
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	246,739	235,560
Loans held for sale	7,299	3,223
Total Available for sale securities and Loans held for Sale	254,038	238,783
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	15,515	15,457
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	1,110	1,100
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	113,187	114,784
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	50,110	53,703
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	66,807	50,506
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	10
Fair Value, Inputs, Level 3 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investment securities available-for-sale		691
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		691
Loans held for sale
Total Available for sale securities and Loans held for Sale		691
Fair Value, Inputs, Level 3 [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		$ 691
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) - USD ($) $ in Thousands	Mar. 31, 2019	Dec. 31, 2018	Mar. 31, 2018
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total impaired loans	$ 4,633	$ 4,381	$ 4,911
Total other real estate owned	1,460	1,460
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	4,619	4,367
Total other real estate owned	1,460	1,460
Total	6,079	6,057
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	4,619	4,367
Total other real estate owned	1,460	1,460
Total	6,079	6,057
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 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	409	322
Total other real estate owned	632
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	409	322
Total other real estate owned	632
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-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	4,148	4,016
Total other real estate owned		632
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	4,148	4,016
Total other real estate owned		632
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	57	29
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	57	$ 29
Consumer Other Financing 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	5
Consumer Other Financing 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	$ 5

FAIR VALUE MEASUREMENT (Detai_4

FAIR VALUE MEASUREMENT (Details 5) - USD ($) $ in Thousands	3 Months Ended	12 Months Ended
	Mar. 31, 2019	Dec. 31, 2018	Mar. 31, 2018
OREO	$ 1,460	$ 1,460
Total impaired loans	4,633	4,381	$ 4,911
Other Real Estate Owned [Member] | Fair Value, Inputs, Level 3 [Member] | Appraisal Value Comparison Sales Other Estimates Valuation Technique [Member]
OREO	$ 1,460	$ 1,460
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	$ 4,619	$ 4,367
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	Mar. 31, 2019	Dec. 31, 2018
Disclosure Deposits Details Abstract
Non-interest bearing demand deposits	$ 257,764	$ 244,686
NOW and money market accounts	376,843	393,473
Savings	105,588	108,369
Time deposits	179,578	178,995
Total deposits	$ 919,773	$ 925,523

DEPOSITS (Details Narrative)

DEPOSITS (Details Narrative) - USD ($) $ in Thousands	Mar. 31, 2019	Dec. 31, 2018
Banking and Thrift [Abstract]
Time deposits FDIC insurance limit of $250 thousand	$ 31,000	$ 27,800

REPORTABLE SEGMENTS (Details)

REPORTABLE SEGMENTS (Details) - USD ($) $ in Thousands	3 Months Ended		12 Months Ended
	Mar. 31, 2019	Mar. 31, 2018	Dec. 31, 2018	Dec. 31, 2017
Dividend and Interest Income	$ 10,374	$ 9,331
Interest expense	1,354	797
Net interest income	9,020	8,534
Provision for loan losses	105	202	$ 346
Noninterest income	2,509	2,631
Noninterest expense	8,323	7,594
Net income before taxes	3,101	3,369
Income tax benefit	606	660
Net income (loss)	2,495	2,709
Total assets	1,097,396	1,070,539	1,091,595	$ 1,050,731
Commercial And Retail Banking [Member]
Dividend and Interest Income	10,131	9,128
Interest expense	1,156	639
Net interest income	8,975	8,489
Provision for loan losses	105	202
Noninterest income	1,227	1,297
Noninterest expense	7,024	6,409
Net income before taxes	3,073	3,175
Income tax benefit	685	725
Net income (loss)	2,388	2,450
Total assets	1,076,190	1,051,311	1,074,838	1,033,483
Mortgage Banking [Member]
Dividend and Interest Income	237	198
Interest expense
Net interest income	237	198
Provision for loan losses
Noninterest income	844	951
Noninterest expense	804	755
Net income before taxes	277	394
Income tax benefit
Net income (loss)	277	394
Total assets	20,486	18,361	16,078	16,298
Investment Advisory And Non Deposit [Member]
Dividend and Interest Income
Interest expense
Net interest income
Provision for loan losses
Noninterest income	438	383
Noninterest expense	415	340
Net income before taxes	23	43
Income tax benefit
Net income (loss)	23	43
Total assets	7	17	9	19
Corporate [Member]
Dividend and Interest Income	1,017	909
Interest expense	198	158
Net interest income	819	751
Provision for loan losses
Noninterest income
Noninterest expense	80	90
Net income before taxes	739	661
Income tax benefit	(79)	(65)
Net income (loss)	818	726
Total assets	130,121	123,501	129,992	121,326
Eliminations [Member]
Dividend and Interest Income	(1,011)	(904)
Interest expense
Net interest income	(1,011)	(904)
Provision for loan losses
Noninterest income
Noninterest expense
Net income before taxes	(1,011)	(904)
Income tax benefit
Net income (loss)	(1,011)	(904)
Total assets	$ (129,408)	$ (122,651)	$ (129,322)	$ (120,395)

Leases (Details)

Leases (Details) $ in Thousands	Mar. 31, 2019USD ($)
2019	$ 196
2020	200
2021	204
2022	208
2023	212
Thereafter	3,471
Total	4,492
Lease Agreements [Member]
2019	135
2020	133
2021	129
2022	125
2023	121
Thereafter	994
Total	1,638
Reduction [Member]
2019	61
2020	67
2021	75
2022	83
2023	91
Thereafter	2,477
Total	$ 2,854