First Community (FCCO) 10-Q 7 Nov 19 2019 Q3 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	9 Months Ended
	Sep. 30, 2019	Nov. 07, 2019
Document and Entity Information
Entity Registrant Name	FIRST COMMUNITY CORP /SC/
Entity Central Index Key	0000932781
Document Type	10-Q
Document Period End Date	Sep. 30, 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		7,422,474
Document Fiscal Year Focus	2019
Document Fiscal Period Focus	Q3
Entity Emerging Growth Company	false
Entity Small Business	false
Entity File Number	000-28344
City Area Code	803
Local Phone Number	951-2265
Entity Address, Address Line One	5455 Sunset Boulevard,
Entity Address, City or Town	Lexington
Entity Address, Postal Zip Code	29072
Entity Address, State or Province	SC
Entity Interactive Data Current	Yes
Entity Incorporation, State or Country Code	SC

Consolidated Balance Sheets (Un

Consolidated Balance Sheets (Unaudited) - USD ($) $ in Thousands	Sep. 30, 2019	Dec. 31, 2018
ASSETS
Cash and due from banks	$ 20,079	$ 14,328
Interest-bearing bank balances	12,861	17,883
Federal funds sold and securities purchased under agreements to resell	295	57
Investment securities - held-to-maturity		16,174
Investment securities - available-for-sale	265,068	237,893
Other investments, at cost	1,992	1,955
Loans held for sale	10,775	3,223
Loans	735,074	718,462
Less, allowance for loan losses	6,560	6,263
Net loans	728,514	712,199
Property, furniture and equipment - net	36,077	34,987
Right-of-use asset	3,260
Bank owned life insurance	26,268	25,754
Other real estate owned	1,412	1,460
Intangible assets	1,609	2,006
Goodwill	14,637	14,637
Other assets	7,143	9,039
Total assets	1,129,990	1,091,595
Deposits:
Non-interest bearing	268,693	244,686
Interest bearing	680,134	680,837
Total deposits	948,827	925,523
Securities sold under agreements to repurchase	34,321	28,022
Federal Home Loan Bank advances	216	231
Junior subordinated debt	14,964	14,964
Lease liability	3,291
Other liabilities	9,591	10,358
Total liabilities	1,011,210	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; 20,000,000 shares authorized; issued and outstanding 7,408,879 at September 30, 2019 7,638,681 at December 31, 2018	7,409	7,639
Common stock warrants issued	13	31
Nonvested restricted stock	(195)	(149)
Additional paid in capital	90,292	95,048
Retained earnings (deficit)	18,024	12,262
Accumulated other comprehensive income (loss)	3,237	(2,334)
Total shareholders' equity	118,780	112,497
Total liabilities and shareholders' equity	$ 1,129,990	$ 1,091,595

Consolidated Balance Sheets (_2

Consolidated Balance Sheets (Unaudited) (Parenthetical) - $ / shares	Sep. 30, 2019	Dec. 31, 2018
Loss on Limited Partnership Interest
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	20,000,000	20,000,000
Common stock, shares issued	7,408,879	7,638,681
Common stock, shares outstanding	7,408,879	7,638,681

Consolidated Statements of Inco

Consolidated Statements of Income (Unaudited) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Interest income:
Loans, including fees	$ 9,091	$ 8,277	$ 26,492	$ 23,974
Taxable securities	1,259	1,250	3,840	3,623
Non-taxable securities	350	333	1,084	1,232
Federal funds sold and securities purchased under resale agreements	158	120	410	290
Other	6	5	18	16
Total interest income	10,864	9,985	31,844	29,135
Interest expense:
Deposits	1,219	816	3,401	2,001
Federal funds sold and securities sold under agreement to repurchase	102	96	303	197
Other borrowed money	190	190	651	581
Total interest expense	1,511	1,102	4,355	2,779
Net interest income	9,353	8,883	27,489	26,356
Provision for loan losses	25	21	139	252
Net interest income after provision for loan losses	9,328	8,862	27,350	26,104
Non-interest income:
Deposit service charges	421	434	1,212	1,320
Mortgage banking income	1,251	1,159	3,333	3,126
Investment advisory fees and non-deposit commissions	509	423	1,436	1,207
Gain (loss) on sale of securities			135	(10)
Gain (loss) on sale of other assets		(29)	(3)	8
Other	932	855	2,695	2,733
Total non-interest income	3,113	2,842	8,808	8,384
Non-interest expense:
Salaries and employee benefits	5,465	5,079	15,845	14,537
Occupancy	703	611	2,005	1,808
Equipment	365	388	1,140	1,167
Marketing and public relations	159	177	764	460
FDIC insurance assessments		94	135	258
Other real estate expense	31	37	78	86
Amortization of intangibles	133	142	397	427
Other	1,934	1,606	5,389	5,210
Total non-interest expense	8,790	8,134	25,753	23,953
Net income before tax	3,651	3,570	10,405	10,535
Income tax expense	753	737	2,131	1,992
Net income	$ 2,898	$ 2,833	$ 8,274	$ 8,543
Basic earnings per common share (in dollars per share)	$ 0.39	$ 0.37	$ 1.10	$ 1.13
Diluted earnings per common share (in dollars per share)	$ 0.39	$ 0.37	$ 1.08	$ 1.11

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Income (Unaudited) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Consolidated Statements Of Comprehensive Income
Net income	$ 2,898	$ 2,833	$ 8,274	$ 8,543
Other comprehensive income (loss):
Unrealized gain (loss) during the period on available-for-sale securities, net of tax expense of $1,511 and tax benefit of $1,104, net of tax expense of $271 and tax benefit of $280, respectively	1,232	(1,054)	5,677	(4,140)
Less: Reclassification adjustment for loss (gain) included in net income, net of tax benefit of $29 and tax expense of $2, respectively			(106)	8
Other comprehensive income (loss)	1,232	(1,054)	5,571	(4,132)
Comprehensive income	$ 4,130	$ 1,779	$ 13,845	$ 4,411

Consolidated Statements of Co_2

Consolidated Statements of Comprehensive Income (Unaudited) (Parenthetical) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Consolidated Statements Of Comprehensive Income Unaudited
Unrealized (loss) gain during the period on available-for-sale securities, taxes	$ 271	$ 280	$ 1,511	$ 1,104
Reclassification adjustment for loss (gain) included in net income, taxes			$ 29	$ 2

Consolidated Statements of Chan

Consolidated Statements of Changes in Shareholders' Equity (Unaudited) - USD ($) $ in Thousands	Common Stock	Common Stock Warrants	Additional Paid-In Capital	Nonvested Restricted Stock	Retained Earnings	Accumulated Other Comprehensive Income / Loss	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)
Issuance of restricted stock	$ 11		233	(244)
Issuance of restricted stock, in shares	11,000
Amortization of compensation on restricted stock				35			35
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, 2017	$ 7,588	46	94,516	(109)	4,066	(444)	105,663
Beginning Balance, in shares at Dec. 31, 2017	7,588,000
Net income							8,543
Other comprehensive income net of tax							(4,132)
Shares retired							(57)
Ending Balance at Sep. 30, 2018	$ 7,630	34	94,967	(205)	10,336	(4,576)	108,186
Ending Balance, in shares at Sep. 30, 2018	7,630,000
Beginning Balance at Mar. 31, 2018	$ 7,600	46	94,773	(318)	6,018	(2,636)	105,483
Beginning Balance, in shares at Mar. 31, 2018	7,600,000
Net income					3,001		3,001
Other comprehensive income net of tax						(886)	(886)
Amortization of compensation on restricted stock				56			56
Dividends: Common					(756)		(756)
Dividend reinvestment plan	$ 5		94				99
Dividend reinvestment plan, in shares	5,000
Ending Balance at Jun. 30, 2018	$ 7,605	46	94,867	(262)	8,263	(3,522)	106,997
Ending Balance, in shares at Jun. 30, 2018	7,605,000
Net income					2,833		2,833
Other comprehensive income net of tax						(1,054)	(1,054)
Amortization of compensation on restricted stock				57			57
Exercise of stock warrants	$ 20	(12)	(8)
Exercise of stock warrants, in shares	20,000
Shares issued-deferred compensation	$ 1		18				19
Shares issued-deferred compensation, in shares	1,000
Dividends: Common					(760)		(760)
Dividend reinvestment plan	$ 4		90				94
Dividend reinvestment plan, in shares	4,000
Ending Balance at Sep. 30, 2018	$ 7,630	34	94,967	(205)	10,336	(4,576)	108,186
Ending Balance, in shares at Sep. 30, 2018	7,630,000
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
Issuance of restricted stock	$ 8		162	(170)
Issuance of restricted stock, in shares	8,000
Amortization of compensation on restricted stock				33			33
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
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							8,274
Other comprehensive income net of tax							5,571
Shares retired							(158)
Ending Balance at Sep. 30, 2019	$ 7,409	13	90,292	(195)	18,024	3,237	118,780
Ending Balance, in shares at Sep. 30, 2019	7,409,000
Beginning Balance at Mar. 31, 2019	$ 7,665	17	95,150	(286)	13,917	(29)	116,434
Beginning Balance, in shares at Mar. 31, 2019	7,665,000
Net income					2,881		2,881
Other comprehensive income net of tax						2,034	2,034
Amortization of compensation on restricted stock				45			45
Exercise of stock warrants	$ 2	(2)
Exercise of stock warrants, in shares	2,000
Stock repurchase plan	$ (185)		(3,228)				(3,413)
Stock repurchase plan, in shares	(185,000)
Shares issued-deferred compensation	$ 24		241				265
Shares issued-deferred compensation, in shares	24,000
Dividends: Common					(841)		(841)
Dividend reinvestment plan	$ 5		79				84
Dividend reinvestment plan, in shares	5,000
Ending Balance at Jun. 30, 2019	$ 7,511	15	92,242	(241)	15,957	2,005	117,489
Ending Balance, in shares at Jun. 30, 2019	7,511,000
Net income					2,898		2,898
Other comprehensive income net of tax						1,232	1,232
Amortization of compensation on restricted stock				46			46
Exercise of stock warrants	$ 3	(2)	(1)
Exercise of stock warrants, in shares	3,000
Stock repurchase plan	$ (115)		(2,110)				(2,225)
Stock repurchase plan, in shares	(115,000)
Dividends: Common					(831)		(831)
Dividend reinvestment plan	$ 10		161				171
Dividend reinvestment plan, in shares	10,000
Ending Balance at Sep. 30, 2019	$ 7,409	$ 13	$ 90,292	$ (195)	$ 18,024	$ 3,237	$ 118,780
Ending Balance, in shares at Sep. 30, 2019	7,409,000

Consolidated Statements of Cash

Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Thousands	3 Months Ended				9 Months Ended		12 Months Ended
	Sep. 30, 2019	Mar. 31, 2019	Sep. 30, 2018	Mar. 31, 2018	Sep. 30, 2019	Sep. 30, 2018	Dec. 31, 2018
Cash flows from operating activities:
Net income	$ 2,898	$ 2,495	$ 2,833	$ 2,709	$ 8,274	$ 8,543
Adjustments to reconcile net income to net cash provided in operating activities:
Depreciation					1,000	1,130
Premium amortization					1,658	1,873
Provision for loan losses	25		21		139	252	$ 346
Loss (gain) on sale of other real estate owned			29		3	(8)
Origination of loans held-for-sale					(97,878)	(89,125)
Sale of loans held-for-sale					90,326	88,690
Amortization of intangibles	133		142		397	427
Accretion on acquired loans					(402)	(288)
Writedown of land held for sale						42
(Gain) loss on sale of securities					(135)	10
Gain on sale of fixed assets						(123)
(Increase) decrease in other assets					(3,089)	518
Increase in other liabilities					2,522	547
Net cash (used) provided from operating activities					2,815	12,488
Cash flows from investing activities:
Purchase of investment securities available-for-sale					(81,977)	(47,668)
Purchase of other investment securities					(37)
Maturity/call of investment securities available-for-sale					32,199	33,703
Proceeds from sale of securities available-for-sale					44,398	19,946
Proceeds from sale of securities held-to-maturity						655
Proceeds from sale of other securities						434
Increase in loans					(16,322)	(49,603)
Proceeds from sale of other real estate owned					45	367
Proceeds from sale of fixed assets					301	1,143
Purchase of property and equipment					(2,391)	(494)
Net cash used in investing activities					(23,784)	(41,517)
Cash flows from financing activities:
Increase in deposit accounts					23,338	33,472
Increase in securities sold under agreements to repurchase					6,299	13,956
Advances from the Federal Home Loan Bank					65,000	4,000
Repayment of advances from Federal Home Loan Bank					(65,015)	(14,014)
Shares retired		(156)		(57)	(158)	(57)
Repurchase of Common Stock					(5,635)
Issuance of Deferred Compensation Shares					265	19
Dividends paid: Common Stock					(2,512)	(2,273)
Dividend reinvestment plan					354	275
Net cash provided from financing activities					21,936	35,378
Net increase in cash and cash equivalents					967	6,349
Cash and cash equivalents at beginning of period		$ 32,268		$ 30,591	32,268	30,591	30,591
Cash and cash equivalents at end of period	$ 33,235		$ 36,940		33,235	36,940	$ 32,268
Cash paid during the period for:
Interest					4,301	2,627
Income taxes					2,060	1,875
Non-cash investing and financing activities:
Unrealized gain (loss) on securities					7,053	(4,132)
Recognition of operating lease right of use asset					3,260
Recognition of operating lease liability					3,291
Transfer of loans to foreclosed property						346
Transfer of investment securities held-to-maturity to available-for-sale					$ 16,144

BASIS OF PRESENTATION

BASIS OF PRESENTATION	9 Months Ended
	Sep. 30, 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 September 30, 2019 and December 31, 2018, and the Company’s results of operations and cash flows for the three and nine months ended September 30, 2019 and 2018. The results of operations for the three and nine months ended September 30, 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.

EARNINGS PER SHARE

EARNINGS PER SHARE	9 Months Ended
	Sep. 30, 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: (Dollars and shares in thousands, except per share amounts) Nine months Three months Ended September 30, Ended September 30, 2019 2018 2019 2018 Numerator (Net income available to common shareholders $ 8,274 $ 8,543 $ 2,898 $ 2,833 Denominator Weighted average common shares outstanding for: Basic shares 7,548 7,581 7,386 7,592 Dilutive securities: Deferred compensation 40 65 39 61 Warrants/Restricted stock-Treasury stock method 42 73 38 71 Diluted shares 7,630 7,719 7,463 7,724 Earnings per common share: Basic $ 1.10 $ 1.13 $ 0.39 $ 0.37 Diluted $ 1.08 $ 1.11 $ 0.39 $ 0.37 The average market price used in calculating assumed number of shares $ 19.06 $ 25.33 $ 18.95 $ 23.49 There were no options outstanding as of September 30, 2019 and September 30, 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 27,950 warrants outstanding at September 30, 2019. These warrants expire December 16, 2019 and are included in dilutive securities in the table above. The Company has a total of 15,129 unvested restricted shares and 5,644 restricted units under the terms of its compensation plans and employment agreements as of September 30, 2019. The employee shares and units cliff vest over a three-year period; the non-employee director shares vest one year after issuance. The unrecognized compensation cost at September 30, 2019 for nonvested shares amounts to $194.8 thousand. 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 and was $51.1 thousand at September 30, 2019. In 2006, the Company established a Non-Employee Director Deferred Compensation Plan, whereby a director may elect to defer all or any part of annual retainer and monthly meeting fees payable with respect to service on the board of directors or a committee of the board. Units of common stock are credited to the director’s account at the time compensation is earned and are included in dilutive securities in the table above. At September 30, 2019 and December 31, 2018, there were 96,066 and 114,982 units in the plan, respectively. The accrued liability at September 30, 2019 and December 31, 2018 amounted to $1.1 million and $1.3 million, respectively, and is included in “Other liabilities” on the balance sheet.

INVESTMENT SECURITIES

INVESTMENT SECURITIES	9 Months Ended
	Sep. 30, 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 September 30, 2019 US Treasury securities $ 7,174 $ 24 $ 6 $ 7,192 Government Sponsored Enterprises 1,105 18 — 1,123 Mortgage-backed securities 166,558 2,090 607 168,041 Small Business Administration pools 47,564 374 285 47,653 State and local government 38,550 2,494 4 41,040 Other securities 19 — — 19 $ 260,970 $ 5,000 $ 902 $ 265,068 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 September 30, 2019. During the nine months ended September 30, 2019 and 2018, the Company received proceeds of $44.4 million and $19.9 million, respectively, from the sale of investment securities available-for-sale. For the nine months ended September 30, 2019, gross realized gains from the sale of investment securities available-for-sale amounted to $355.6 thousand and gross realized losses amounted to $219.6 thousand. For the nine months ended September 30, 2018, gross realized gains from the sale of investment securities available-for-sale amounted to $240.7 thousand and gross realized losses amounted to $246.5 thousand. For the three months ended September 30, 2019, there were no realized gains or losses from the sale of investment securities available-for-sale. For the three months ended September 30, 2018, there were no realized gains or losses from the sale of investment securities available-for-sale. At September 30, 2019, other securities available-for-sale included the following at fair value: a mutual fund at $9.2 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 nine months ended September 30, 2019, a $2.1 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 $7.1 thousand, and foreign debt of $10.0 thousand. Other investments, at cost include Federal Home Loan Bank (“FHLB”) stock in the amount of $992 thousand and $955 thousand and corporate stock in the amount of $1.0 million and $1.0 million at September 30, 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 September 30, 2019 and December 31, 2018. (Dollars in thousands) Less than 12 months 12 months or more Total September 30, 2019 Fair Unrealized Fair Unrealized Fair Unrealized Available-for-sale securities: Value Loss Value Loss Value Loss US Treasury securities $ — $ — $ 1,507 $ 6 $ 1,507 $ 6 Government Sponsored Enterprise mortgage-backed securities 36,200 436 13,094 171 49,294 607 Small Business Administration pools 9,011 103 13,533 182 22,544 285 State and local government 761 4 — — 761 4 $ 47,674 $ 545 $ 26,441 $ 357 $ 74,115 $ 902 (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 13,917 120 89,870 2,339 103,787 2,459 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 Corporate bonds and other 7 1 — — 7 1 $ 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 September 30, 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. September 30, 2019 Available-for-sale Amortized Fair (Dollars in thousands) Cost Value Due in one year or less $ 10,823 $ 10,866 Due after one year through five years 120,043 120,762 Due after five years through ten years 108,314 111,870 Due after ten years 21,790 21,570 $ 260,970 $ 265,068

LOANS

LOANS	9 Months Ended
	Sep. 30, 2019
Receivables [Abstract]
LOANS	Note 4—Loans Loans summarized by category as of September 30, 2019, December 31, 2018 and September 30, 2018 are as follows: September 30, December 31, September 30, (Dollars in thousands) 2019 2018 2018 Commercial, financial and agricultural $ 55,169 $ 53,933 $ 50,940 Real estate: Construction 58,737 58,440 56,568 Mortgage-residential 47,693 52,764 50,914 Mortgage-commercial 534,554 513,833 498,650 Consumer: Home equity 29,103 29,583 29,933 Other 9,818 9,909 9,510 Total $ 735,074 $ 718,462 $ 696,515 The detailed activity in the allowance for loan losses and the recorded investment in loans receivable as of and for the nine months ended September 30, 2019 and September 30, 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 September 30, 2019 Allowance for loan losses: Beginning balance $ 430 $ 89 $ 431 $ 4,318 $ 261 $ 88 $ 646 $ 6,263 Charge-offs (8 ) — (7 ) — (1 ) (96 ) — (112 ) Recoveries — — — 221 14 35 — 270 Provisions 37 2 (39 ) (3 ) (33 ) 68 107 139 Ending balance September 30, 2019 $ 459 $ 91 $ 385 $ 4,536 $ 241 $ 95 $ 753 $ 6,560 Ending balances: Individually evaluated for impairment $ 4 $ — $ — $ 10 $ — $ — $ — $ 14 Collectively evaluated for impairment 455 91 385 4,526 241 95 753 6,546 September 30, 2019 Ending balance-total $ 55,169 $ 58,737 $ 47,693 $ 534,554 $ 29,103 $ 9,818 $ — $ 735,074 Ending balances: Individually evaluated for impairment 4 — 538 3,541 72 — — 4,155 Collectively evaluated for impairment $ 55,165 $ 58,737 $ 47,155 $ 531,013 $ 29,031 $ 9,818 $ — $ 730,919 (Dollars in thousands) Commercial Real estate Real estate Real estate Consumer Consumer Unallocated Total September 30, 2018 Allowance for loan losses: Beginning balance December 31, 2017 $ 221 $ 101 $ 461 $ 3,077 $ 308 $ 35 $ 1,594 $ 5,797 Charge-offs — — (1 ) — — (109 ) — (110 ) Recoveries 14 — 3 219 6 31 — 273 Provisions (46 ) 4 481 (388 ) 732 108 (639 ) 252 Ending balance September 30, 2018 $ 189 $ 105 $ 944 $ 2,908 $ 1,046 $ 65 $ 955 $ 6,212 Ending balances: Individually evaluated for impairment $ — $ — $ 1 $ 3 $ — $ — $ — $ 4 Collectively evaluated for impairment 189 105 943 2,905 1,046 65 955 6,208 September 30, 2018 Loans receivable: Ending balance-total $ 50,940 $ 56,568 $ 50,914 $ 498,650 $ 29,933 $ 9,510 $ — $ 696,515 Ending balances: Individually evaluated for impairment — — 237 4,466 31 — — 4,734 Collectively evaluated for impairment $ 50,940 $ 56,568 $ 50,677 $ 494,184 $ 29,902 $ 9,510 $ — $ 691,781 (Dollars in thousands) Commercial Real estate Real estate Real estate Consumer Consumer 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 nine months ended September 30, 2019 and September 30, 2018: (Dollars in thousands) 2019 2018 Beginning Balance January 1, $ 5,937 $ 5,938 New Loans 111 2,406 Less loan repayments 1,804 1,999 Ending Balance September 30, $ 4,244 $ 6,345 The following table presents at September 30, 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”). September 30, December 31, (Dollars in thousands) 2019 2018 Total loans considered impaired $ 4,155 $ 4,381 Loans considered impaired for which there is a related allowance for loan loss: Outstanding loan balance $ 373 $ 453 Related allowance $ 14 $ 14 Loans considered impaired and previously written down to fair value $ 2,347 $ 3,928 Average impaired loans $ 4,354 $ 4,128 The following tables are by loan category and present at September 30, 2019, September 30, 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) Nine months ended Three months ended Unpaid Average Interest Average Interest September 30, 2019 Recorded Principal Related Recorded income Recorded Income Investment Balance Allowance Investment Recognized Investment Recognized With no allowance recorded: Commercial, financial, agricultural $ — $ — $ — $ — $ — $ — $ — Real estate: Construction — — — — — — — Mortgage-residential 538 603 — 594 16 537 12 Mortgage-commercial 3,172 5,867 — 3,259 131 3,092 79 Consumer: Home equity 72 74 — 76 2 71 1 Other — — — — — — — With an allowance recorded: Commercial, financial, agricultural 4 4 4 4 — 4 — Real estate: Construction — — — — — — — Mortgage-residential — — — — — — — Mortgage-commercial 369 369 10 421 19 326 6 Consumer: Home equity — — — — — — — Other — — — — — — — Total: Commercial, financial, agricultural $ 4 $ 4 $ 4 $ 4 $ — $ 4 $ — Real estate: Construction — — — — — — — Mortgage-residential 538 603 — 594 16 537 12 Mortgage-commercial 3,541 6,236 10 3,680 150 3,418 85 Consumer: Home equity 72 74 — 76 2 71 1 Other — — — — — — — $ 4,155 $ 6,917 $ 14 $ 4,354 $ 168 $ 4,030 $ 98 (Dollars in thousands) Nine months ended Three months ended Unpaid Average Interest Average Interest September 30, 2018 Recorded Principal Related Recorded income Recorded Income Investment Balance Allowance Investment Recognized Investment Recognized With no allowance recorded: Commercial, financial, agricultural $ — $ — $ — $ — $ — $ — $ — Real estate: Construction — — — — — — — Mortgage-residential 198 266 — 202 16 197 2 Mortgage-commercial 3,363 6,158 — 3,753 219 3,627 75 Consumer: Home equity 31 32 — 35 1 31 — Other — — — — — — — With an allowance recorded: Commercial, financial, agricultural — — — — — — — Real estate: Construction — — — — — — — Mortgage-residential 39 39 1 41 2 39 1 Mortgage-commercial 1,103 1,103 3 1,129 59 1,103 19 Consumer: Home equity — — — — — — — Other — — — — — — — Total: Commercial, financial, agricultural $ — $ — $ — $ — $ — $ — $ — Real estate: Construction — — — — — — — Mortgage-residential 237 305 1 243 18 236 3 Mortgage-commercial 4,466 7,261 3 4,882 278 4,730 94 Consumer: Home equity 31 32 — 35 1 31 — Other — — — — — — — $ 4,734 $ 7,598 $ 4 $ 5,160 $ 297 $ 4,997 $ 97 (Dollars in thousands) December 31, 2018 Recorded Unpaid Related Average Interest 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 September 30, 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 September 30, 2019 and December 31, 2018, no loans were classified as doubtful. (Dollars in thousands) September 30, 2019 Pass Special Substandard Doubtful Total Commercial, financial & agricultural $ 54,975 $ 194 $ — $ — $ 55,169 Real estate: Construction 58,737 — — — 58,737 Mortgage - residential 46,404 522 767 — 47,693 Mortgage - commercial 527,551 3,401 3,602 — 534,554 Consumer: Home Equity 27,651 1,164 288 — 29,103 Other 9,778 40 — — 9,818 Total $ 725,096 $ 5,321 $ 4,657 $ — $ 735,074 (Dollars in thousands) December 31, 2018 Pass Special 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 September 30, 2019 and December 31, 2018, non-accrual loans totaled $2.3 million and $2.5 million, respectively. TDRs that are still accruing and included in impaired loans at September 30, 2019 and at December 31, 2018 amounted to $1.9 million and $2.0 million, respectively. TDRs in non-accrual status at September 30, 2019 and December 31, 2018 amounted to $1.1 million and $1.2 million, respectively. Loans greater than 90 days delinquent and still accruing interest were $33.5 and $31.2 thousand at September 30, 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), and initially measured at fair value, which includes estimated future credit losses expected to be incurred over the life of the loans. Loans acquired in business combinations with evidence of credit deterioration are considered impaired. Loans acquired through business combinations that do not meet the specific criteria of FASB ASC Topic 310-30, but for which a discount is attributable, at least in part to credit quality, are also accounted for under this guidance. Certain acquired loans, including performing loans and revolving lines of credit (consumer and commercial), are accounted for in accordance with FASB ASC Topic 310-20, where the discount is accreted through earnings based on estimated cash flows over the estimated life of the loan. A summary of changes in the accretable yield for PCI loans for the three and nine months ended September 30, 2019 and September 30, 2018 follows: (Dollars in thousands) Three Months Three Months Accretable yield, beginning of period $ 138 $ (2 ) Additions — — Accretion (7 ) (8 ) Reclassification of nonaccretable difference due to improvement in expected cash flows — — Other changes, net — — Accretable yield, end of period $ 130 $ (10 ) (Dollars in thousands) Nine Months Nine Months Accretable yield, beginning of period $ 153 $ 22 Additions — — Accretion (23 ) (32 ) Reclassification of nonaccretable difference due to improvement in expected cash flows — — Other changes, net — — Accretable yield, end of period $ 130 $ (10 ) At September 30, 2019 and December 31, 2018, the recorded investment in purchased impaired loans was $112 thousand and $112 thousand, respectively. The unpaid principal balance was $193 thousand and $205 thousand at September 30, 2019 and December 31, 2018, respectively. At September 30, 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 September 30, 2019 and December 31, 2018: (Dollars in thousands) Greater than 30-59 Days 60-89 Days 90 Days and Total September 30, 2019 Past Due Past Due Accruing Nonaccrual Past Due Current Total Loans Commercial $ 33 $ 306 $ — $ 4 $ 343 $ 54,826 $ 55,169 Real estate: Construction — — — — — 58,737 58,737 Mortgage-residential 138 184 — 538 860 46,833 47,693 Mortgage-commercial 2,272 47 — 1,661 3,980 530,574 534,554 Consumer: Home equity 55 91 33 72 251 28,852 29,103 Other 17 44 — — 61 9,757 9,818 $ 2,515 $ 672 $ 33 $ 2,275 $ 5,495 $ 729,579 $ 735,074 (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 and nine-month periods ended September 30, 2019 and September 30, 2018. During the three and nine-month periods ended September 30, 2019 and September 30, 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	9 Months Ended
	Sep. 30, 2019
Accounting Changes and Error Corrections [Abstract]
RECENTLY ISSUED ACCOUNTING PRONOUNCEMENTS	Note 5—Recently Issued Accounting 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 ASC (ASU 2016-01) to address certain aspects of recognition, measurement, presentation, and disclosure of financial instruments. The amendments were effective for the Company on January 1, 2018. The guidance affects the accounting for equity investments, financial liabilities under the fair value option, and the presentation and disclosure of financial instruments. The amendments related to equity securities without readily determinable fair values were applied prospectively to equity investments that exist as of the date of adoption of the amendments. ASU 2016-01 requires the use of exit price rather than entrance price in determining the fair value of loans not measured at fair value on a non-recurring basis in the consolidated balance sheets. See Note 6 - Fair Value of Financial Instruments for information regarding the change in the valuation of these loans. The adoption of ASU 2016-01 did not have a material impact on the Company’s financial statements. In February 2016, the FASB amended the Leases topic of the ASC to revise certain aspects of recognition, measurement, presentation, and disclosure of leasing transactions. The amendments were 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 consistent with current guidance except for the incremental balance sheet recognition of leases. 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 $2.9 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. On July 17, 2019, the FASB issued a proposal draft to extend the implementation date for certain smaller reporting companies to include SEC registrants classified as a Smaller Reporting Company. On October 16, 2019, the FASB voted to delay the implementation date for SEC registrants classified as a Smaller Reporting Company to fiscal years beginning after December 15, 2022. The FASB has directed its staff to draft an ASU that will change the implementation dates, which should be issued following a formal written ballot by the FASB, which is expected to take place in November 2019. 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 amendments did not have a material impact on the Company’s financial statements. In February 2018, the FASB amended the Income Statement—Reporting Comprehensive Income Topic of the Accounting Standards Codification. The amendments allow a reclassification from accumulated other comprehensive income to retained earnings for stranded tax effects resulting from the Tax Cuts and Jobs Act. The amendments became effective for the Company for interim and annual periods beginning after December 15, 2018. The amendments did not have a material impact 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 amendments did not have a material impact on the Company’s 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. In April 2019, the FASB issued guidance that clarifies and improves areas of guidance related to the recently issued standards on credit losses, hedging, and recognition and measurement of financial instruments. The amendments related to credit losses will be effective for the Company for reporting periods beginning after December 15, 2019. The amendments related to hedging will be effective for the Company for interim and annual periods beginning after December 15, 2018. The amendments related to recognition and measurement of financial instruments will be effective for the Company for fiscal years beginning after December 15, 2019, including interim periods within those fiscal years. The Company does not expect these amendments to have a material effect on its financial statements. In July 2019, the FASB updated various Topics of the ASC to align the guidance in various SEC sections of the ASC with the requirements of certain SEC final rules. The amendments were effective upon issuance and did not have a material effect on the financial statements. Other accounting standards that have been issued or proposed by the FASB or other standards-setting bodies are not expected to have a material impact on the Company’s financial position, results of operations or cash flows.

FAIR VALUE MEASUREMENT

FAIR VALUE MEASUREMENT	9 Months Ended
	Sep. 30, 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 September 30, 2019 and December 31, 2018 are as follows: September 30, 2019 Fair Value (Dollars in thousands) Carrying Total Level 1 Level 2 Level 3 Financial Assets: Cash and short term investments $ 33,235 $ 33,235 $ 33,235 $ — $ — Available-for-sale securities 265,068 265,068 9 265,059 — Other investments, at cost 1,992 1,992 — — 1,992 Loans held for sale 10,775 10,775 — 10,775 — Net loans receivable 728,514 723,160 — — 723,160 Accrued interest 3,228 3,228 3,228 — — Financial liabilities: Non-interest bearing demand $ 268,693 $ 268,693 $ — $ 268,693 $ — Interest bearing demand deposits and money market accounts 404,336 404,336 — 404,336 — Savings 100,895 100,895 — 100,895 — Time deposits 174,903 175,594 — 175,594 — Total deposits 948,827 937,861 — 937,861 — Federal Home Loan Bank Advances 216 216 — 216 — Short term borrowings 34,321 34,321 — 34,321 — Junior subordinated debentures 14,964 13,180 — 13,180 — Accrued interest payable 1,059 1,059 1,059 — — 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 — — 697,432 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 — 393,473 — 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 — 14,178 — 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 September 30, 2019 and December 31, 2018 that are measured on a recurring basis. There were no liabilities carried at fair value as of September 30, 2019 or December 31, 2018 that are measured on a recurring basis. (Dollars in thousands) Description September 30, 2019 Quoted Prices in Active Markets for Identical Assets (Level 1) Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) Available for sale securities US Treasury Securities $ 7,192 $ — $ 7,192 $ — Government sponsored enterprises 1,123 — 1,123 — Mortgage-backed securities 168,041 — 168,041 — Small Business Administration pools 47,653 — 47,653 — State and local government 41,040 — 41,040 — Corporate and other securities 19 9 10 — 265,068 9 265,059 — Loans held for sale 10,775 — 10,775 — Total $ 275,843 $ 9 $ 275,834 $ — (Dollars in thousands) Description December 31, Quoted Prices Significant Significant 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 September 30, 2019 and December 31, 2018 that are measured on a non-recurring basis. There were no Level 3 financial instruments as of September 30, 2019 and September 30, 2018 measured on a recurring basis. (Dollars in thousands) Description September 30, Quoted Prices Significant Significant Impaired loans: Commercial $ — $ — $ — $ — Real estate: Mortgage-residential 538 — — 538 Mortgage-commercial 3,531 — — 3,531 Consumer: Home equity 72 — — 72 Other — — — — Total impaired 4,141 — — 4,141 Other real estate owned: Construction 828 — — 828 Mortgage-residential 584 — — 584 Total other real estate owned 1,412 — — 1,412 Total $ 5,553 $ — $ — $ 5,553 (Dollars in thousands) Description December 31, Quoted Prices Significant Significant 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 $4.1 million and $4.4 million as of September 30, 2019 and December 31, 2018, respectively. For Level 3 assets and liabilities measured at fair value on a non-recurring basis as of September 30, 2019 and December 31, 2018, the significant unobservable inputs used in the fair value measurements were as follows: (Dollars in thousands) Fair Value Valuation Technique Significant Significant OREO $ 1,412 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 $ 4,141 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 Valuation Technique Significant Significant 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	9 Months Ended
	Sep. 30, 2019
Banking and Thrift [Abstract]
DEPOSITS	Note 7—Deposits The Company’s total deposits are comprised of the following at the dates indicated: September 30, December 31, (Dollars in thousands) 2019 2018 Non-interest bearing demand deposits $ 268,693 $ 244,686 Interest bearing demand deposits and money market accounts 404,336 393,473 Savings 100,895 108,368 Time deposits 174,903 178,996 Total deposits $ 948,827 $ 925,523 As of September 30, 2019 and December 31, 2018, the Company had time deposits greater than $250,000 of $31.1 million and $27.8 million, respectively.

REPORTABLE SEGMENTS

REPORTABLE SEGMENTS	9 Months Ended
	Sep. 30, 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”). Nine months ended September 30, 2019 Commercial Investment (Dollars in thousands) and Retail Mortgage advisory and Banking Banking non-deposit Corporate Eliminations Consolidated Dividend and Interest Income $ 31,081 $ 745 $ — $ 6,077 $ (6,059 ) $ 31,844 Interest expense 3,772 — — 583 — 4,355 Net interest income $ 27,309 $ 745 $ — $ 5,494 $ (6,059 ) $ 27,489 Provision for loan losses 139 — — — — 139 Noninterest income 4,039 3,333 1,436 — — 8,808 Noninterest expense 21,416 2,754 1,302 281 — 25,753 Net income before taxes $ 9,793 $ 1,324 $ 134 $ 5,213 $ (6,059 ) $ 10,405 Income tax provision (benefit) 2,330 — — (199 ) — 2,131 Net income (loss) $ 7,463 $ 1,324 $ 134 $ 5,412 $ (6,059 ) $ 8,274 Nine months ended September 30, 2018 Commercial Investment (Dollars in thousands) and Retail Mortgage advisory and Banking Banking non-deposit Corporate Eliminations Consolidated Dividend and Interest Income $ 28,513 $ 622 $ — $ 2,779 $ (2,779 ) $ 29,135 Interest expense 2,251 — — 528 — 2,779 Net interest income $ 26,262 $ 622 $ — $ 2,251 $ (2,779 ) $ 26,356 Provision for loan losses 252 — — — — 252 Noninterest income 4,051 3,126 1,207 — — 8,384 Noninterest expense 20,105 2,515 1,047 286 — 23,953 Net income before taxes $ 9,956 $ 1,233 $ 160 $ 1,965 $ (2,779 ) $ 10,535 Income tax provision (benefit) 2,173 — — (181 ) — 1,992 Net income $ 7,783 $ 1,233 $ 160 $ 2,146 $ (2,779 ) $ 8,543 Three months ended September 30, 2019 Commercial Investment (Dollars in thousands) and Retail Mortgage advisory and Banking Banking non-deposit Corporate Eliminations Consolidated Dividend and Interest Income $ 10,600 $ 257 $ — $ 3,036 $ (3,029 ) 10,864 Interest expense 1,322 — — 189 — 1,511 Net interest income $ 9,278 $ 257 $ — $ 2,847 $ (3,029 ) $ 9,353 Provision for loan losses 25 — — — — 25 Noninterest income 1,353 1,251 509 — — 3,113 Noninterest expense 7,246 999 440 105 — 8,790 Net income before taxes $ 3,360 $ 509 $ 69 $ 2,742 $ (3,029 ) $ 3,651 Income tax provision (benefit) 813 — — (60 ) — 753 Net income $ 2,547 $ 509 $ 69 $ 2,802 $ (3,029 ) $ 2,898 Three months ended September 30, 2018 Commercial Investment (Dollars in thousands) and Retail Mortgage advisory and Banking Banking non-deposit Corporate Eliminations Consolidated Dividend and Interest Income $ 9,772 $ 213 $ — $ 947 $ (947 ) 9,985 Interest expense 915 — — 187 — 1,102 Net interest income $ 8,857 $ 213 $ — $ 760 $ (947 ) $ 8,883 Provision for loan losses 21 — — — — 21 Noninterest income 1,260 1,159 423 — — 2,842 Noninterest expense 6,796 937 324 77 — 8,134 Net income before taxes $ 3,300 $ 435 $ 99 $ 683 $ (947 ) $ 3,570 Income tax provision (benefit) 791 — — (54 ) — 737 Net income $ 2,509 $ 435 $ 99 $ 737 $ (947 ) $ 2,833 Commercial Investment (Dollars in thousands) and Retail Mortgage advisory and Banking Banking non-deposit Corporate Eliminations Consolidated Total Assets as of September 30, 2019 $ 1,102,804 $ 23,638 $ 2 $ 127,864 $ (124,318 ) $ 1,129,990 Total Assets as of December 31, 2018 $ 1,074,838 $ 16,078 $ 9 $ 129,992 $ (129,322 ) $ 1,091,595

LEASES

LEASES	9 Months Ended
	Sep. 30, 2019
Leases [Abstract]
LEASES	Note 9—Leases Effective January 1, 2019, the Company adopted ASC 842 “Leases”. Currently, the Company has operating leases on three 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 $3.3 million, respectively. During the nine-month period ended September 30, 2019, the Company made cash payments in the amount of $147.3 thousand for operating leases and the lease liability was reduced by $51.0 thousand. The lease expense recognized during the three and nine-month periods ended September 30, 2019 amounted to $62.1 thousand and $178.8 thousand, respectively. The following table is a maturity analysis of the operating lease liabilities. The weighted average remaining lease term as of September 30, 2019 is 16.76 years and the weighted average discount rate used is 4.41%. ( Dollars in thousands) Liability Year Cash Lease Expense Reduction 2019 $ 208 $ 133 $ 24 2020 292 140 152 2021 298 133 165 2022 303 126 177 2023 309 118 191 Thereafter 3,481 900 2,582 Total $ 4,892 $ 1,550 $ 3,291

SUBSEQUENT EVENTS

SUBSEQUENT EVENTS	9 Months Ended
	Sep. 30, 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 have determined that no additional subsequent events occurred requiring accrual or disclosure.

EARNINGS PER COMMON SHARE (Tabl

EARNINGS PER COMMON SHARE (Tables)	9 Months Ended
	Sep. 30, 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: (Dollars and shares in thousands, except per share amounts) Nine months Three months Ended September 30, Ended September 30, 2019 2018 2019 2018 Numerator (Net income available to common shareholders $ 8,274 $ 8,543 $ 2,898 $ 2,833 Denominator Weighted average common shares outstanding for: Basic shares 7,548 7,581 7,386 7,592 Dilutive securities: Deferred compensation 40 65 39 61 Warrants/Restricted stock-Treasury stock method 42 73 38 71 Diluted shares 7,630 7,719 7,463 7,724 Earnings per common share: Basic $ 1.10 $ 1.13 $ 0.39 $ 0.37 Diluted $ 1.08 $ 1.11 $ 0.39 $ 0.37 The average market price used in calculating assumed number of shares $ 19.06 $ 25.33 $ 18.95 $ 23.49

INVESTMENT SECURITIES (Tables)

INVESTMENT SECURITIES (Tables)	9 Months Ended
	Sep. 30, 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 September 30, 2019 US Treasury securities $ 7,174 $ 24 $ 6 $ 7,192 Government Sponsored Enterprises 1,105 18 — 1,123 Mortgage-backed securities 166,558 2,090 607 168,041 Small Business Administration pools 47,564 374 285 47,653 State and local government 38,550 2,494 4 41,040 Other securities 19 — — 19 $ 260,970 $ 5,000 $ 902 $ 265,068 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 September 30, 2019 and December 31, 2018. (Dollars in thousands) Less than 12 months 12 months or more Total September 30, 2019 Fair Unrealized Fair Unrealized Fair Unrealized Available-for-sale securities: Value Loss Value Loss Value Loss US Treasury securities $ — $ — $ 1,507 $ 6 $ 1,507 $ 6 Government Sponsored Enterprise mortgage-backed securities 36,200 436 13,094 171 49,294 607 Small Business Administration pools 9,011 103 13,533 182 22,544 285 State and local government 761 4 — — 761 4 $ 47,674 $ 545 $ 26,441 $ 357 $ 74,115 $ 902 (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 13,917 120 89,870 2,339 103,787 2,459 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 Corporate bonds and other 7 1 — — 7 1 $ 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 September 30, 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. September 30, 2019 Available-for-sale Amortized Fair (Dollars in thousands) Cost Value Due in one year or less $ 10,823 $ 10,866 Due after one year through five years 120,043 120,762 Due after five years through ten years 108,314 111,870 Due after ten years 21,790 21,570 $ 260,970 $ 265,068

LOANS (Tables)

LOANS (Tables)	9 Months Ended
	Sep. 30, 2019
Receivables [Abstract]
Summary of loans by category	Loans summarized by category as of September 30, 2019, December 31, 2018 and September 30, 2018 are as follows: September 30, December 31, September 30, (Dollars in thousands) 2019 2018 2018 Commercial, financial and agricultural $ 55,169 $ 53,933 $ 50,940 Real estate: Construction 58,737 58,440 56,568 Mortgage-residential 47,693 52,764 50,914 Mortgage-commercial 534,554 513,833 498,650 Consumer: Home equity 29,103 29,583 29,933 Other 9,818 9,909 9,510 Total $ 735,074 $ 718,462 $ 696,515
Schedule of activity in the allowance for loan losses and the recorded investment in loans receivable	The detailed activity in the allowance for loan losses and the recorded investment in loans receivable as of and for the nine months ended September 30, 2019 and September 30, 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 September 30, 2019 Allowance for loan losses: Beginning balance $ 430 $ 89 $ 431 $ 4,318 $ 261 $ 88 $ 646 $ 6,263 Charge-offs (8 ) — (7 ) — (1 ) (96 ) — (112 ) Recoveries — — — 221 14 35 — 270 Provisions 37 2 (39 ) (3 ) (33 ) 68 107 139 Ending balance September 30, 2019 $ 459 $ 91 $ 385 $ 4,536 $ 241 $ 95 $ 753 $ 6,560 Ending balances: Individually evaluated for impairment $ 4 $ — $ — $ 10 $ — $ — $ — $ 14 Collectively evaluated for impairment 455 91 385 4,526 241 95 753 6,546 September 30, 2019 Ending balance-total $ 55,169 $ 58,737 $ 47,693 $ 534,554 $ 29,103 $ 9,818 $ — $ 735,074 Ending balances: Individually evaluated for impairment 4 — 538 3,541 72 — — 4,155 Collectively evaluated for impairment $ 55,165 $ 58,737 $ 47,155 $ 531,013 $ 29,031 $ 9,818 $ — $ 730,919 (Dollars in thousands) Commercial Real estate Real estate Real estate Consumer Consumer Unallocated Total September 30, 2018 Allowance for loan losses: Beginning balance December 31, 2017 $ 221 $ 101 $ 461 $ 3,077 $ 308 $ 35 $ 1,594 $ 5,797 Charge-offs — — (1 ) — — (109 ) — (110 ) Recoveries 14 — 3 219 6 31 — 273 Provisions (46 ) 4 481 (388 ) 732 108 (639 ) 252 Ending balance September 30, 2018 $ 189 $ 105 $ 944 $ 2,908 $ 1,046 $ 65 $ 955 $ 6,212 Ending balances: Individually evaluated for impairment $ — $ — $ 1 $ 3 $ — $ — $ — $ 4 Collectively evaluated for impairment 189 105 943 2,905 1,046 65 955 6,208 September 30, 2018 Loans receivable: Ending balance-total $ 50,940 $ 56,568 $ 50,914 $ 498,650 $ 29,933 $ 9,510 $ — $ 696,515 Ending balances: Individually evaluated for impairment — — 237 4,466 31 — — 4,734 Collectively evaluated for impairment $ 50,940 $ 56,568 $ 50,677 $ 494,184 $ 29,902 $ 9,510 $ — $ 691,781 (Dollars in thousands) Commercial Real estate Real estate Real estate Consumer Consumer 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 nine months ended September 30, 2019 and September 30, 2018: (Dollars in thousands) 2019 2018 Beginning Balance January 1, $ 5,937 $ 5,938 New Loans 111 2,406 Less loan repayments 1,804 1,999 Ending Balance September 30, $ 4,244 $ 6,345
Schedule of loans individually evaluated and considered impaired	The following table presents at September 30, 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”). September 30, December 31, (Dollars in thousands) 2019 2018 Total loans considered impaired $ 4,155 $ 4,381 Loans considered impaired for which there is a related allowance for loan loss: Outstanding loan balance $ 373 $ 453 Related allowance $ 14 $ 14 Loans considered impaired and previously written down to fair value $ 2,347 $ 3,928 Average impaired loans $ 4,354 $ 4,128
Schedule of loan category and loans individually evaluated and considered impaired	The following tables are by loan category and present at September 30, 2019, September 30, 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) Nine months ended Three months ended Unpaid Average Interest Average Interest September 30, 2019 Recorded Principal Related Recorded income Recorded Income Investment Balance Allowance Investment Recognized Investment Recognized With no allowance recorded: Commercial, financial, agricultural $ — $ — $ — $ — $ — $ — $ — Real estate: Construction — — — — — — — Mortgage-residential 538 603 — 594 16 537 12 Mortgage-commercial 3,172 5,867 — 3,259 131 3,092 79 Consumer: Home equity 72 74 — 76 2 71 1 Other — — — — — — — With an allowance recorded: Commercial, financial, agricultural 4 4 4 4 — 4 — Real estate: Construction — — — — — — — Mortgage-residential — — — — — — — Mortgage-commercial 369 369 10 421 19 326 6 Consumer: Home equity — — — — — — — Other — — — — — — — Total: Commercial, financial, agricultural $ 4 $ 4 $ 4 $ 4 $ — $ 4 $ — Real estate: Construction — — — — — — — Mortgage-residential 538 603 — 594 16 537 12 Mortgage-commercial 3,541 6,236 10 3,680 150 3,418 85 Consumer: Home equity 72 74 — 76 2 71 1 Other — — — — — — — $ 4,155 $ 6,917 $ 14 $ 4,354 $ 168 $ 4,030 $ 98 (Dollars in thousands) Nine months ended Three months ended Unpaid Average Interest Average Interest September 30, 2018 Recorded Principal Related Recorded income Recorded Income Investment Balance Allowance Investment Recognized Investment Recognized With no allowance recorded: Commercial, financial, agricultural $ — $ — $ — $ — $ — $ — $ — Real estate: Construction — — — — — — — Mortgage-residential 198 266 — 202 16 197 2 Mortgage-commercial 3,363 6,158 — 3,753 219 3,627 75 Consumer: Home equity 31 32 — 35 1 31 — Other — — — — — — — With an allowance recorded: Commercial, financial, agricultural — — — — — — — Real estate: Construction — — — — — — — Mortgage-residential 39 39 1 41 2 39 1 Mortgage-commercial 1,103 1,103 3 1,129 59 1,103 19 Consumer: Home equity — — — — — — — Other — — — — — — — Total: Commercial, financial, agricultural $ — $ — $ — $ — $ — $ — $ — Real estate: Construction — — — — — — — Mortgage-residential 237 305 1 243 18 236 3 Mortgage-commercial 4,466 7,261 3 4,882 278 4,730 94 Consumer: Home equity 31 32 — 35 1 31 — Other — — — — — — — $ 4,734 $ 7,598 $ 4 $ 5,160 $ 297 $ 4,997 $ 97 (Dollars in thousands) December 31, 2018 Recorded Unpaid Related Average Interest 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	Loans not meeting the criteria above that are analyzed individually as part of the above described process are considered as pass rated loans. As of September 30, 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 September 30, 2019 and December 31, 2018, no loans were classified as doubtful. (Dollars in thousands) September 30, 2019 Pass Special Substandard Doubtful Total Commercial, financial & agricultural $ 54,975 $ 194 $ — $ — $ 55,169 Real estate: Construction 58,737 — — — 58,737 Mortgage - residential 46,404 522 767 — 47,693 Mortgage - commercial 527,551 3,401 3,602 — 534,554 Consumer: Home Equity 27,651 1,164 288 — 29,103 Other 9,778 40 — — 9,818 Total $ 725,096 $ 5,321 $ 4,657 $ — $ 735,074 (Dollars in thousands) December 31, 2018 Pass Special 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 for changes in the accretable yield for PCI loans	A summary of changes in the accretable yield for PCI loans for the three and nine months ended September 30, 2019 and September 30, 2018 follows: (Dollars in thousands) Three Months Three Months Accretable yield, beginning of period $ 138 $ (2 ) Additions — — Accretion (7 ) (8 ) Reclassification of nonaccretable difference due to improvement in expected cash flows — — Other changes, net — — Accretable yield, end of period $ 130 $ (10 ) (Dollars in thousands) Nine Months Nine Months Accretable yield, beginning of period $ 153 $ 22 Additions — — Accretion (23 ) (32 ) Reclassification of nonaccretable difference due to improvement in expected cash flows — — Other changes, net — — Accretable yield, end of period $ 130 $ (10 )
Schedule of loan category and present loans past due and on non-accrual status	The following tables are by loan category and present loans past due and on non-accrual status as of September 30, 2019 and December 31, 2018: (Dollars in thousands) Greater than 30-59 Days 60-89 Days 90 Days and Total September 30, 2019 Past Due Past Due Accruing Nonaccrual Past Due Current Total Loans Commercial $ 33 $ 306 $ — $ 4 $ 343 $ 54,826 $ 55,169 Real estate: Construction — — — — — 58,737 58,737 Mortgage-residential 138 184 — 538 860 46,833 47,693 Mortgage-commercial 2,272 47 — 1,661 3,980 530,574 534,554 Consumer: Home equity 55 91 33 72 251 28,852 29,103 Other 17 44 — — 61 9,757 9,818 $ 2,515 $ 672 $ 33 $ 2,275 $ 5,495 $ 729,579 $ 735,074 (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

FAIR VALUE MEASUREMENT (Tables)

FAIR VALUE MEASUREMENT (Tables)	9 Months Ended
	Sep. 30, 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 September 30, 2019 and December 31, 2018 are as follows: September 30, 2019 Fair Value (Dollars in thousands) Carrying Total Level 1 Level 2 Level 3 Financial Assets: Cash and short term investments $ 33,235 $ 33,235 $ 33,235 $ — $ — Available-for-sale securities 265,068 265,068 9 265,059 — Other investments, at cost 1,992 1,992 — — 1,992 Loans held for sale 10,775 10,775 — 10,775 — Net loans receivable 728,514 723,160 — — 723,160 Accrued interest 3,228 3,228 3,228 — — Financial liabilities: Non-interest bearing demand $ 268,693 $ 268,693 $ — $ 268,693 $ — Interest bearing demand deposits and money market accounts 404,336 404,336 — 404,336 — Savings 100,895 100,895 — 100,895 — Time deposits 174,903 175,594 — 175,594 — Total deposits 948,827 937,861 — 937,861 — Federal Home Loan Bank Advances 216 216 — 216 — Short term borrowings 34,321 34,321 — 34,321 — Junior subordinated debentures 14,964 13,180 — 13,180 — Accrued interest payable 1,059 1,059 1,059 — — 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 — — 697,432 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 — 393,473 — 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 — 14,178 — 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 September 30, 2019 and December 31, 2018 that are measured on a recurring basis. There were no liabilities carried at fair value as of September 30, 2019 or December 31, 2018 that are measured on a recurring basis. (Dollars in thousands) Description September 30, 2019 Quoted Prices in Active Markets for Identical Assets (Level 1) Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) Available for sale securities US Treasury Securities $ 7,192 $ — $ 7,192 $ — Government sponsored enterprises 1,123 — 1,123 — Mortgage-backed securities 168,041 — 168,041 — Small Business Administration pools 47,653 — 47,653 — State and local government 41,040 — 41,040 — Corporate and other securities 19 9 10 — 265,068 9 265,059 — Loans held for sale 10,775 — 10,775 — Total $ 275,843 $ 9 $ 275,834 $ — (Dollars in thousands) Description December 31, Quoted Prices Significant Significant 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 September 30, 2019 and December 31, 2018 that are measured on a non-recurring basis. There were no Level 3 financial instruments as of September 30, 2019 and September 30, 2018 measured on a recurring basis. (Dollars in thousands) Description September 30, Quoted Prices Significant Significant Impaired loans: Commercial $ — $ — $ — $ — Real estate: Mortgage-residential 538 — — 538 Mortgage-commercial 3,531 — — 3,531 Consumer: Home equity 72 — — 72 Other — — — — Total impaired 4,141 — — 4,141 Other real estate owned: Construction 828 — — 828 Mortgage-residential 584 — — 584 Total other real estate owned 1,412 — — 1,412 Total $ 5,553 $ — $ — $ 5,553 (Dollars in thousands) Description December 31, Quoted Prices Significant Significant 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 September 30, 2019 and December 31, 2018, the significant unobservable inputs used in the fair value measurements were as follows: (Dollars in thousands) Fair Value Valuation Technique Significant Significant OREO $ 1,412 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 $ 4,141 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 Valuation Technique Significant Significant 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)	9 Months Ended
	Sep. 30, 2019
Banking and Thrift [Abstract]
Schedule of Total Deposit Liabilities	The Company’s total deposits are comprised of the following at the dates indicated: September 30, December 31, (Dollars in thousands) 2019 2018 Non-interest bearing demand deposits $ 268,693 $ 244,686 Interest bearing demand deposits and money market accounts 404,336 393,473 Savings 100,895 108,368 Time deposits 174,903 178,996 Total deposits $ 948,827 $ 925,523

REPORTABLE SEGMENTS (Tables)

REPORTABLE SEGMENTS (Tables)	9 Months Ended
	Sep. 30, 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: Nine months ended September 30, 2019 Commercial Investment (Dollars in thousands) and Retail Mortgage advisory and Banking Banking non-deposit Corporate Eliminations Consolidated Dividend and Interest Income $ 31,081 $ 745 $ — $ 6,077 $ (6,059 ) $ 31,844 Interest expense 3,772 — — 583 — 4,355 Net interest income $ 27,309 $ 745 $ — $ 5,494 $ (6,059 ) $ 27,489 Provision for loan losses 139 — — — — 139 Noninterest income 4,039 3,333 1,436 — — 8,808 Noninterest expense 21,416 2,754 1,302 281 — 25,753 Net income before taxes $ 9,793 $ 1,324 $ 134 $ 5,213 $ (6,059 ) $ 10,405 Income tax provision (benefit) 2,330 — — (199 ) — 2,131 Net income (loss) $ 7,463 $ 1,324 $ 134 $ 5,412 $ (6,059 ) $ 8,274 Nine months ended September 30, 2018 Commercial Investment (Dollars in thousands) and Retail Mortgage advisory and Banking Banking non-deposit Corporate Eliminations Consolidated Dividend and Interest Income $ 28,513 $ 622 $ — $ 2,779 $ (2,779 ) $ 29,135 Interest expense 2,251 — — 528 — 2,779 Net interest income $ 26,262 $ 622 $ — $ 2,251 $ (2,779 ) $ 26,356 Provision for loan losses 252 — — — — 252 Noninterest income 4,051 3,126 1,207 — — 8,384 Noninterest expense 20,105 2,515 1,047 286 — 23,953 Net income before taxes $ 9,956 $ 1,233 $ 160 $ 1,965 $ (2,779 ) $ 10,535 Income tax provision (benefit) 2,173 — — (181 ) — 1,992 Net income $ 7,783 $ 1,233 $ 160 $ 2,146 $ (2,779 ) $ 8,543 Three months ended September 30, 2019 Commercial Investment (Dollars in thousands) and Retail Mortgage advisory and Banking Banking non-deposit Corporate Eliminations Consolidated Dividend and Interest Income $ 10,600 $ 257 $ — $ 3,036 $ (3,029 ) 10,864 Interest expense 1,322 — — 189 — 1,511 Net interest income $ 9,278 $ 257 $ — $ 2,847 $ (3,029 ) $ 9,353 Provision for loan losses 25 — — — — 25 Noninterest income 1,353 1,251 509 — — 3,113 Noninterest expense 7,246 999 440 105 — 8,790 Net income before taxes $ 3,360 $ 509 $ 69 $ 2,742 $ (3,029 ) $ 3,651 Income tax provision (benefit) 813 — — (60 ) — 753 Net income $ 2,547 $ 509 $ 69 $ 2,802 $ (3,029 ) $ 2,898 Three months ended September 30, 2018 Commercial Investment (Dollars in thousands) and Retail Mortgage advisory and Banking Banking non-deposit Corporate Eliminations Consolidated Dividend and Interest Income $ 9,772 $ 213 $ — $ 947 $ (947 ) 9,985 Interest expense 915 — — 187 — 1,102 Net interest income $ 8,857 $ 213 $ — $ 760 $ (947 ) $ 8,883 Provision for loan losses 21 — — — — 21 Noninterest income 1,260 1,159 423 — — 2,842 Noninterest expense 6,796 937 324 77 — 8,134 Net income before taxes $ 3,300 $ 435 $ 99 $ 683 $ (947 ) $ 3,570 Income tax provision (benefit) 791 — — (54 ) — 737 Net income $ 2,509 $ 435 $ 99 $ 737 $ (947 ) $ 2,833 Commercial Investment (Dollars in thousands) and Retail Mortgage advisory and Banking Banking non-deposit Corporate Eliminations Consolidated Total Assets as of September 30, 2019 $ 1,102,804 $ 23,638 $ 2 $ 127,864 $ (124,318 ) $ 1,129,990 Total Assets as of December 31, 2018 $ 1,074,838 $ 16,078 $ 9 $ 129,992 $ (129,322 ) $ 1,091,595

LEASES (Tables)

LEASES (Tables)	9 Months Ended
	Sep. 30, 2019
Impaired Financing Receivables with and without Allocated Allowance [Table Text Block]
Schedule of operating lease liabilities	The following table is a maturity analysis of the operating lease liabilities. The weighted average remaining lease term as of September 30, 2019 is 16.76 years and the weighted average discount rate used is 4.41%. ( Dollars in thousands) Liability Year Cash Lease Expense Reduction 2019 $ 208 $ 133 $ 24 2020 292 140 152 2021 298 133 165 2022 303 126 177 2023 309 118 191 Thereafter 3,481 900 2,582 Total $ 4,892 $ 1,550 $ 3,291

EARNINGS PER SHARE (Details)

EARNINGS PER SHARE (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Earnings Per Share [Abstract]
Numerator (Included in basic and diluted earnings per share)	$ 2,898	$ 2,833	$ 8,274	$ 8,543
Weighted average common shares outstanding for:
Basic earnings common per share (in shares)	7,386,000	7,592,000	7,548,000	7,581,000
Dilutive securities:
Deferred compensation (in shares)	39,000	61,000	40,000	65,000
Warrants/Restricted stock-Treasury stock method	38,000	71,000	42,000	73,000
Diluted earnings per share (in shares)	7,463,000	7,724,000	7,630,000	7,719,000
Basic earnings per common share (in dollars per share)	$ 0.39	$ 0.37	$ 1.10	$ 1.13
Diluted earnings per common share (in dollars per share)	0.39	0.37	1.08	1.11
The average market price used in calculating assumed number of shares (in dollars per share)	$ 18.95	$ 23.49	$ 19.06	$ 25.33

EARNINGS PER SHARE (Details Nar

EARNINGS PER SHARE (Details Narrative) - USD ($) $ in Thousands	Dec. 16, 2011	Sep. 30, 2019
Warrants outstanding		27,950
Junior Subordinated Debt [Member]
Debt issued	$ 2,500
Common Stock Warrant
Warrants issued (in shares)	107,500

INVESTMENT SECURITIES (Details)

INVESTMENT SECURITIES (Details) - USD ($) $ in Thousands	9 Months Ended	12 Months Ended
	Sep. 30, 2019	Dec. 31, 2018
Debt Securities, Available-for-sale [Line Items]
Amortized Cost	$ 260,970	$ 240,848
Gross Unrealized Gains	5,000	954
Gross Unrealized Losses	902	3,909
Fair Value	265,068	237,893
US Treasury Securities [Member]
Debt Securities, Available-for-sale [Line Items]
Amortized Cost	7,174	15,488
Gross Unrealized Gains	24	9
Gross Unrealized Losses	6	40
Fair Value	7,192	15,457
Government sponsored enterprises [Member]
Debt Securities, Available-for-sale [Line Items]
Amortized Cost	1,105	1,096
Gross Unrealized Gains	18	6
Gross Unrealized Losses		2
Fair Value	1,123	1,100
Government Sponsored Enterprise mortgage-backed securities [Member]
Debt Securities, Available-for-sale [Line Items]
Amortized Cost	166,558	117,862
Gross Unrealized Gains	2,090	73
Gross Unrealized Losses	607	2,460
Fair Value	168,041	115,475
Small Business Administration pools [Member]
Debt Securities, Available-for-sale [Line Items]
Amortized Cost	47,564	55,784
Gross Unrealized Gains	374	247
Gross Unrealized Losses	285	695
Fair Value	47,653	55,336
State and local government [Member]
Debt Securities, Available-for-sale [Line Items]
Amortized Cost	38,550	50,599
Gross Unrealized Gains	2,494	619
Gross Unrealized Losses	4	712
Fair Value	41,040	50,506
Corporate and other securities [Member]
Debt Securities, Available-for-sale [Line Items]
Amortized Cost	19	19
Gross Unrealized Gains
Gross Unrealized Losses
Fair Value	$ 19	$ 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	Sep. 30, 2019	Dec. 31, 2018
Available-for-sale securities
Less Than 12 Months, Fair Value	$ 47,674	$ 48,196
Less Than 12 Months, Unrealized Losses	545	394
12 Months Or Longer, Fair Value	26,441	127,408
12 Months Or Longer, Unrealized Losses	357	3,515
Total Fair Value	74,115	175,604
Total Unrealized Losses	902	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		8,355
Less Than 12 Months, Unrealized Losses		10
12 Months Or Longer, Fair Value	1,507	1,488
12 Months Or Longer, Unrealized Losses	6	30
Total Fair Value	1,507	9,843
Total Unrealized Losses	6	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		122
12 Months Or Longer, Unrealized Losses		2
Total Fair Value		122
Total Unrealized Losses		2
Government Sponsored Enterprise mortgage-backed securities [Member]
Available-for-sale securities
Less Than 12 Months, Fair Value	36,200	13,917
Less Than 12 Months, Unrealized Losses	436	120
12 Months Or Longer, Fair Value	13,094	89,870
12 Months Or Longer, Unrealized Losses	171	2,339
Total Fair Value	49,294	103,787
Total Unrealized Losses	607	2,459
Small Business Administration pools [Member]
Available-for-sale securities
Less Than 12 Months, Fair Value	9,011	16,400
Less Than 12 Months, Unrealized Losses	103	211
12 Months Or Longer, Fair Value	13,533	20,330
12 Months Or Longer, Unrealized Losses	182	484
Total Fair Value	22,544	36,730
Total Unrealized Losses	285	695
State and local government [Member]
Available-for-sale securities
Less Than 12 Months, Fair Value	761	9,517
Less Than 12 Months, Unrealized Losses	4	52
12 Months Or Longer, Fair Value		15,598
12 Months Or Longer, Unrealized Losses		660
Total Fair Value	761	25,115
Total Unrealized Losses	$ 4	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
Corporate and other securities [Member]
Available-for-sale securities
Less Than 12 Months, Fair Value		7
Less Than 12 Months, Unrealized Losses		1
12 Months Or Longer, Fair Value
12 Months Or Longer, Unrealized Losses
Total Fair Value		7
Total Unrealized Losses		$ 1

INVESTMENT SECURITIES (Detail_3

INVESTMENT SECURITIES (Details 4) $ in Thousands	Sep. 30, 2019USD ($)
Available-for-sale, Amortized Cost
Due in one year or less	$ 10,823
Due after one year through five years	120,043
Due after five years through ten years	108,314
Due after ten years	21,790
Total	260,970
Available-for-sale, Fair Value
Due in one year or less	10,866
Due after one year through five years	120,762
Due after five years through ten years	111,870
Due after ten years	21,570
Total	$ 265,068

INVESTMENT SECURITIES (Detail_4

INVESTMENT SECURITIES (Details Narrative) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Dec. 31, 2018
Proceeds from sale of investment securities available-for-sale	$ 44,398	$ 19,946
Gross realized gains	356	241
Gross realized losses	220	$ 247
Fair Value	265,068
FHLB Stock	992		$ 955
Securities pledged amortized cost	166,600		117,900
Securities pledged fair value	168,000		115,500
Mutual Funds [Member]
Gross realized gains	2
Fair Value	9		7
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	123,100		199,000
Securities pledged fair value	$ 122,300		$ 204,100

LOANS (Details)

LOANS (Details) - USD ($) $ in Thousands	Sep. 30, 2019	Dec. 31, 2018	Sep. 30, 2018
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans	$ 735,074	$ 718,462	$ 696,515
Commercial Financial and Agricultural Loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans	55,169	53,933	50,940
Real Estate Construction Loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans	58,737	58,440	56,568
Real estate Mortgage-residential [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans	47,693	52,764	50,914
Real estate Mortgage-commercial [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans	534,554	513,833	498,650
Consumer Home Equity Line of Credit [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans	29,103	29,583	29,933
Consumer Other Financing Receivable [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans	$ 9,818	$ 9,909	$ 9,510

LOANS (Details 2)

LOANS (Details 2) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended		12 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 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			(112)	(110)	(164)
Recoveries			270	273	284
Provisions	$ 25	$ 21	139	252	346
Balance at end of the period	6,560	6,212	6,560	6,212	6,263
Allowance for loan losses
Individually evaluated for impairment	14	4	14	4	14
Collectively evaluated for impairment	6,546	6,208	6,546	6,208	6,249
Loans receivable:
Ending balance-total	735,074	696,515	735,074	696,515	718,462
Individually evaluated for impairment	4,155	4,734	4,155	4,734	4,381
Collectively evaluated for impairment	730,919	691,781	730,919	691,781	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			(8)
Recoveries				14	3
Provisions			37	(46)	206
Balance at end of the period	459	189	459	189	430
Allowance for loan losses
Individually evaluated for impairment	4		4
Collectively evaluated for impairment	455	189	455	189	430
Loans receivable:
Ending balance-total	55,169	50,940	55,169	50,940	53,933
Individually evaluated for impairment	4		4
Collectively evaluated for impairment	55,165	50,940	55,165	50,940	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			2	4	(12)
Balance at end of the period	91	105	91	105	89
Allowance for loan losses
Individually evaluated for impairment
Collectively evaluated for impairment	91	105	91	105	89
Loans receivable:
Ending balance-total	58,737	56,568	58,737	56,568	58,440
Individually evaluated for impairment
Collectively evaluated for impairment	58,737	56,568	58,737	56,568	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			(7)	(1)	(1)
Recoveries				3	4
Provisions			(39)	481	(33)
Balance at end of the period	385	944	385	944	431
Allowance for loan losses
Individually evaluated for impairment		1		1
Collectively evaluated for impairment	385	943	385	943	431
Loans receivable:
Ending balance-total	47,693	50,914	47,693	50,914	52,764
Individually evaluated for impairment	538	237	538	237	322
Collectively evaluated for impairment	47,155	50,677	47,155	50,677	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			221	219	210
Provisions			(3)	(388)	1,031
Balance at end of the period	4,536	2,908	4,536	2,908	4,318
Allowance for loan losses
Individually evaluated for impairment	10	3	10	3	14
Collectively evaluated for impairment	4,526	2,905	4,526	2,905	4,304
Loans receivable:
Ending balance-total	534,554	498,650	534,554	498,650	513,833
Individually evaluated for impairment	3,541	4,466	3,541	4,466	4,030
Collectively evaluated for impairment	531,013	494,184	531,013	494,184	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			14	6	6
Provisions			(33)	732	(30)
Balance at end of the period	241	1,046	241	1,046	261
Allowance for loan losses
Individually evaluated for impairment
Collectively evaluated for impairment	241	1,046	241	1,046	261
Loans receivable:
Ending balance-total	29,103	29,933	29,103	29,933	29,583
Individually evaluated for impairment	72	31	72	31	29
Collectively evaluated for impairment	29,031	29,902	29,031	29,902	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			(96)	(109)	(140)
Recoveries			35	31	61
Provisions			68	108	132
Balance at end of the period	95	65	95	65	88
Allowance for loan losses
Individually evaluated for impairment
Collectively evaluated for impairment	95	65	95	65	88
Loans receivable:
Ending balance-total	9,818	9,510	9,818	9,510	9,909
Individually evaluated for impairment
Collectively evaluated for impairment	9,818	9,510	9,818	9,510	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			107	(639)	(948)
Balance at end of the period	753	955	753	955	646
Allowance for loan losses
Individually evaluated for impairment
Collectively evaluated for impairment	753	955	753	955	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			9 Months Ended		12 Months Ended
	Sep. 30, 2019	Dec. 31, 2018	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018	Dec. 31, 2018
Loans and Leases Receivable, Related Parties [Roll Forward]
Balance, beginning of year		$ 6,345		$ 5,937	$ 5,938	$ 5,938
New Loans				111	2,406
Less loan repayments				1,804	1,999
Balance, end of year	$ 4,244	5,937	$ 6,345	4,244	6,345	5,937
Loans considered impaired for which there is a related allowance for loan loss:
Total loans considered impaired at year end	4,155	4,381	4,734	4,155	4,734	4,381
Outstanding loan balance	373	453		373		453
Related allowance	14	14	4	14	4	14
Loans considered impaired and previously written down to fair value	2,347	3,928		2,347		3,928
Average impaired loans	$ 4,030	$ 4,128	$ 4,997	$ 4,354	$ 5,160	$ 4,128

LOANS (Details 4)

LOANS (Details 4) - USD ($) $ in Thousands	3 Months Ended			9 Months Ended		12 Months Ended
	Sep. 30, 2019	Dec. 31, 2018	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018	Dec. 31, 2018
With no allowance recorded:
Recorded Investment	$ 2,347	$ 3,928		$ 2,347		$ 3,928
With an allowance recorded:
Recorded Investment	373	453		373		453
Related allowance	14	14	$ 4	14	$ 4	14
Total:
Recorded Investment	4,155	4,381	4,734	4,155	4,734	4,381
Unpaid Principal Balance	6,917	7,027	7,598	6,917	7,598	7,027
Average Recorded Investment	4,030	4,128	4,997	4,354	5,160	4,128
Interest Income Recognized	98		97	168	297	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	4			4
Unpaid Principal Balance	4			4
Related allowance	4			4
Average Recorded Investment	4			4
Interest Income Recognized
Total:
Recorded Investment	4			4
Unpaid Principal Balance	4			4
Average Recorded Investment	4			4
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	538	322	198	538	198	322
Unpaid Principal Balance	603	371	266	603	266	371
Average Recorded Investment	537		197	594	202	483
Interest Income Recognized	12		2	16	16	9
With an allowance recorded:
Recorded Investment			39		39
Unpaid Principal Balance			39		39
Related allowance			1		1
Average Recorded Investment			39		41
Interest Income Recognized			1		2
Total:
Recorded Investment	538	322	237	538	237	322
Unpaid Principal Balance	603	371	305	603	305	371
Average Recorded Investment	537		236	594	243	483
Interest Income Recognized	12		3	16	18	9
Real estate Mortgage-commercial [Member]
With no allowance recorded:
Recorded Investment	3,172	3,577	3,363	3,172	3,363	3,577
Unpaid Principal Balance	5,867	6,173	6,158	5,867	6,158	6,173
Average Recorded Investment	3,092		3,627	3,259	3,753	3,232
Interest Income Recognized	79		75	131	219	128
With an allowance recorded:
Recorded Investment	369	453	1,103	369	1,103	453
Unpaid Principal Balance	369	453	1,103	369	1,103	453
Related allowance	10	14	3	10	3	14
Average Recorded Investment	326		1,103	421	1,129	380
Interest Income Recognized	6		19	19	59	21
Total:
Recorded Investment	3,541	4,030	4,466	3,541	4,466	4,030
Unpaid Principal Balance	6,236	6,626	7,261	6,236	7,261	6,626
Average Recorded Investment	3,418		4,730	3,680	4,882	3,612
Interest Income Recognized	85		94	150	278	149
Consumer Home Equity Line of Credit [Member]
With no allowance recorded:
Recorded Investment	72	29	31	72	31	29
Unpaid Principal Balance	74	30	32	74	32	30
Average Recorded Investment	71		31	76	35	33
Interest Income Recognized	1			2	1	2
With an allowance recorded:
Recorded Investment
Unpaid Principal Balance
Related allowance
Average Recorded Investment
Interest Income Recognized
Total:
Recorded Investment	72	29	31	72	31	29
Unpaid Principal Balance	74	30	32	74	32	30
Average Recorded Investment	71		31	76	35	33
Interest Income Recognized	1			2	1	2
Consumer Other Financing Receivable [Member]
With no allowance recorded:
Recorded Investment
Unpaid Principal Balance
Average Recorded Investment
Interest Income Recognized
With an allowance recorded:
Recorded Investment
Unpaid Principal Balance
Related allowance
Average Recorded Investment
Interest Income Recognized
Total:
Recorded Investment
Unpaid Principal Balance
Average Recorded Investment
Interest Income Recognized

LOANS (Details 5)

LOANS (Details 5) - USD ($) $ in Thousands	Sep. 30, 2019	Dec. 31, 2018	Sep. 30, 2018
Loans	$ 735,074	$ 718,462	$ 696,515
Commercial Financial and Agricultural Loans [Member]
Loans	55,169	53,933	50,940
Real Estate Construction Loans [Member]
Loans	58,737	58,440	56,568
Real estate Mortgage-residential [Member]
Loans	47,693	52,764	50,914
Real estate Mortgage-commercial [Member]
Loans	534,554	513,833	498,650
Consumer Home Equity Line of Credit [Member]
Loans	29,103	29,583	29,933
Consumer Other Financing Receivable [Member]
Loans	9,818	9,909	$ 9,510
Pass [Member]
Loans	725,096	706,906
Pass [Member] | Commercial Financial and Agricultural Loans [Member]
Loans	54,975	53,709
Pass [Member] | Real Estate Construction Loans [Member]
Loans	58,737	58,440
Pass [Member] | Real estate Mortgage-residential [Member]
Loans	46,404	51,286
Pass [Member] | Real estate Mortgage-commercial [Member]
Loans	527,551	505,493
Pass [Member] | Consumer Home Equity Line of Credit [Member]
Loans	27,651	28,071
Pass [Member] | Consumer Other Financing Receivable [Member]
Loans	9,778	9,907
Special Mention [Member]
Loans	5,321	7,230
Special Mention [Member] | Commercial Financial and Agricultural Loans [Member]
Loans	194	224
Special Mention [Member] | Real Estate Construction Loans [Member]
Loans
Special Mention [Member] | Real estate Mortgage-residential [Member]
Loans	522	633
Special Mention [Member] | Real estate Mortgage-commercial [Member]
Loans	3,401	5,176
Special Mention [Member] | Consumer Home Equity Line of Credit [Member]
Loans	1,164	1,197
Special Mention [Member] | Consumer Other Financing Receivable [Member]
Loans	40
Substandard [Member]
Loans	4,657	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	767	845
Substandard [Member] | Real estate Mortgage-commercial [Member]
Loans	3,602	3,164
Substandard [Member] | Consumer Home Equity Line of Credit [Member]
Loans	288	315
Substandard [Member] | Consumer Other Financing Receivable [Member]
Loans		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		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Operating Loss Carryforwards Acquired in Business Acquisitions
Accretable yield, beginning of period	$ 138	$ (2)	$ 153	$ 22
Additions
Accretion	(7)	(8)	(23)	(32)
Reclassification of nonaccretable difference due to improvement in expected cash flows
Other changes, net
Accretable yield, end of period	$ 130	$ (10)	$ 130	$ (10)

LOANS (Details 7)

LOANS (Details 7) - USD ($) $ in Thousands	Sep. 30, 2019	Dec. 31, 2018	Sep. 30, 2018
Total Past Due	$ 5,495	$ 4,403
Nonaccrual	2,275	2,545
Current	729,579	714,059
Total Loans	735,074	718,462	$ 696,515
Commercial Financial and Agricultural Loans [Member]
Total Past Due	343	26
Nonaccrual	4
Current	54,826	53,907
Total Loans	55,169	53,933	50,940
Real Estate Construction Loans [Member]
Total Past Due
Nonaccrual
Current	58,737	58,440
Total Loans	58,737	58,440	56,568
Real estate Mortgage-residential [Member]
Total Past Due	860	557
Nonaccrual	538	284
Current	46,833	52,207
Total Loans	47,693	52,764	50,914
Real estate Mortgage-commercial [Member]
Total Past Due	3,980	3,534
Nonaccrual	1,661	2,232
Current	530,574	510,299
Total Loans	534,554	513,833	498,650
Consumer Home Equity Line of Credit [Member]
Total Past Due	251	217
Nonaccrual	72	29
Current	28,852	29,366
Total Loans	29,103	29,583	29,933
Consumer Other Financing Receivable [Member]
Total Past Due	61	69
Nonaccrual
Current	9,757	9,840
Total Loans	9,818	9,909	$ 9,510
30 to 59 Days Past Due [Member]
Total Past Due	2,515	1,590
30 to 59 Days Past Due [Member] | Commercial Financial and Agricultural Loans [Member]
Total Past Due	33	18
30 to 59 Days Past Due [Member] | Real Estate Construction Loans [Member]
Total Past Due
30 to 59 Days Past Due [Member] | Real estate Mortgage-residential [Member]
Total Past Due	138	110
30 to 59 Days Past Due [Member] | Real estate Mortgage-commercial [Member]
Total Past Due	2,272	1,302
30 to 59 Days Past Due [Member] | Consumer Home Equity Line of Credit [Member]
Total Past Due	55	146
30 to 59 Days Past Due [Member] | Consumer Other Financing Receivable [Member]
Total Past Due	17	14
60 to 89 Days Past Due [Member]
Total Past Due	672	237
60 to 89 Days Past Due [Member] | Commercial Financial and Agricultural Loans [Member]
Total Past Due	306	8
60 to 89 Days Past Due [Member] | Real Estate Construction Loans [Member]
Total Past Due
60 to 89 Days Past Due [Member] | Real estate Mortgage-residential [Member]
Total Past Due	184	163
60 to 89 Days Past Due [Member] | Real estate Mortgage-commercial [Member]
Total Past Due	47
60 to 89 Days Past Due [Member] | Consumer Home Equity Line of Credit [Member]
Total Past Due	91	11
60 to 89 Days Past Due [Member] | Consumer Other Financing Receivable [Member]
Total Past Due	44	55
Equal to Greater than 90 Days Past Due [Member]
Total Past Due	33	31
Equal to Greater than 90 Days Past Due [Member] | Commercial Financial and Agricultural Loans [Member]
Total Past Due
Equal to Greater than 90 Days Past Due [Member] | Real Estate Construction Loans [Member]
Total Past Due
Equal to Greater than 90 Days Past Due [Member] | Real estate Mortgage-residential [Member]
Total Past Due
Equal to Greater than 90 Days Past Due [Member] | Real estate Mortgage-commercial [Member]
Total Past Due
Equal to Greater than 90 Days Past Due [Member] | Consumer Home Equity Line of Credit [Member]
Total Past Due	33	31
Equal to Greater than 90 Days Past Due [Member] | Consumer Other Financing Receivable [Member]
Total Past Due

LOANS (Details Narrative)

LOANS (Details Narrative) - USD ($) $ in Thousands	Sep. 30, 2019	Dec. 31, 2018
Receivables [Abstract]
Non-accrual loans	$ 2,275	$ 2,545
Troubled debt restructurings	1,900	2,000
Loans greater than ninety days delinquent and still accruing interest	$ 33	$ 31

FAIR VALUE MEASUREMENT (Details

FAIR VALUE MEASUREMENT (Details) - USD ($) $ in Thousands	Sep. 30, 2019	Dec. 31, 2018
Financial Assets:
Held-to-maturity securities		$ 16,184
Available-for-sale securities	$ 265,068	237,893
Other investments, at cost	1,992	1,955
Financial liabilities:
Non-interest bearing demand	268,693	244,686
Interest bearing demand deposits and money market accounts	404,336	393,473
Savings	100,895	108,369
Time deposits	174,903	178,995
Fair Value, Inputs, Level 1 [Member]
Financial Assets:
Cash and short term investments	33,235	32,268
Held-to-maturity securities
Available-for-sale securities	9	1,642
Other investments, at cost
Loans held for sale
Net loans receivable
Accrued interest	3,228	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	1,059	861
Fair Value, Inputs, Level 2 [Member]
Financial Assets:
Cash and short term investments
Held-to-maturity securities		16,184
Available-for-sale securities	265,059	235,560
Other investments, at cost
Loans held for sale	10,775	3,223
Net loans receivable
Accrued interest
Financial liabilities:
Non-interest bearing demand	268,693	244,686
Interest bearing demand deposits and money market accounts	404,336	393,473
Savings	100,895	108,368
Time deposits	175,594	177,797
Total deposits	937,861	925,849
Federal Home Loan Bank Advances	216	231
Short term borrowings	34,321	28,022
Junior subordinated debentures	13,180	14,178
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	1,992	1,955
Loans held for sale
Net loans receivable	723,160	697,432
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	33,235	32,268
Held-to-maturity securities		16,174
Available-for-sale securities	265,068	237,893
Other investments, at cost	1,992	1,955
Loans held for sale	10,775	3,223
Net loans receivable	728,514	712,199
Accrued interest	3,228	3,579
Financial liabilities:
Non-interest bearing demand	268,693	244,686
Interest bearing demand deposits and money market accounts	404,336	393,473
Savings	100,895	108,368
Time deposits	174,903	178,996
Total deposits	948,827	925,523
Federal Home Loan Bank Advances	216	231
Short term borrowings	34,321	28,022
Junior subordinated debentures	14,964	14,964
Accrued interest payable	1,059	861
Estimate of Fair Value, Fair Value Disclosure [Member]
Financial Assets:
Cash and short term investments	33,235	32,268
Held-to-maturity securities		16,184
Available-for-sale securities	265,068	237,893
Other investments, at cost	1,992	1,955
Loans held for sale	10,775	3,223
Net loans receivable	723,160	697,432
Accrued interest	3,228	3,579
Financial liabilities:
Non-interest bearing demand	268,693	244,686
Interest bearing demand deposits and money market accounts	404,336	393,473
Savings	100,895	108,368
Time deposits	175,594	177,797
Total deposits	937,861	925,849
Federal Home Loan Bank Advances	216	231
Short term borrowings	34,321	28,022
Junior subordinated debentures	13,180	14,178
Accrued interest payable	$ 1,059	$ 861

FAIR VALUE MEASUREMENT (Detai_2

FAIR VALUE MEASUREMENT (Details 2) - USD ($) $ in Thousands	Sep. 30, 2019	Dec. 31, 2018
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investment securities - available-for-sale	$ 265,068	$ 237,893
Loans held for sale	10,775	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	265,068	237,893
US Treasury Securities [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investment securities - available-for-sale	7,192	15,457
Government sponsored enterprises [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investment securities - available-for-sale	1,123	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	47,653	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	41,040	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	19	19
Fair Value, Measurements, Recurring [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investment securities - available-for-sale	265,068	237,893
Loans held for sale	10,775	3,223
Total Available for sale securities and Loans held for Sale	275,843	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	7,192	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	1,123	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	168,041	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	47,653	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	41,040	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	19	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	9	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	9	1,642
Loans held for sale
Total Available for sale securities and Loans held for Sale	9	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	9	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	265,059	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	265,059	235,560
Loans held for sale	10,775	3,223
Total Available for sale securities and Loans held for Sale	275,834	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	7,192	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	1,123	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	168,041	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	47,653	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	41,040	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	Sep. 30, 2019	Dec. 31, 2018	Sep. 30, 2018
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total impaired loans	$ 4,155	$ 4,381	$ 4,734
Total other real estate owned	1,412	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	4,141	4,367
Total other real estate owned	1,412	1,460
Total	5,553	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	4,141	4,367
Total other real estate owned	1,412	1,460
Total	5,553	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	538	322
Total other real estate owned	584
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	538	322
Total other real estate owned	584
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	3,531	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	3,531	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	72	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	72	$ 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
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

FAIR VALUE MEASUREMENT (Detai_4

FAIR VALUE MEASUREMENT (Details 4) - USD ($) $ in Thousands	9 Months Ended	12 Months Ended
	Sep. 30, 2019	Dec. 31, 2018	Sep. 30, 2018
OREO	$ 1,412	$ 1,460
Total impaired loans	4,155	4,381	$ 4,734
Other Real Estate Owned [Member] | Fair Value, Inputs, Level 3 [Member] | Appraisal Value Comparison Sales Other Estimates Valuation Technique [Member]
OREO	$ 1,412	$ 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	$ 4,141	$ 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	Sep. 30, 2019	Dec. 31, 2018
Disclosure Deposits Details Abstract
Non-interest bearing demand deposits	$ 268,693	$ 244,686
NOW and money market accounts	404,336	393,473
Savings	100,895	108,369
Time deposits	174,903	178,995
Total deposits	$ 948,827	$ 925,523

DEPOSITS (Details Narrative)

DEPOSITS (Details Narrative) - USD ($) $ in Thousands	Sep. 30, 2019	Dec. 31, 2018
Banking and Thrift [Abstract]
Time deposits FDIC insurance limit of $250 thousand	$ 31,100	$ 27,800

REPORTABLE SEGMENTS (Details)

REPORTABLE SEGMENTS (Details) - USD ($) $ in Thousands	3 Months Ended						9 Months Ended		12 Months Ended
	Sep. 30, 2019	Jun. 30, 2019	Mar. 31, 2019	Sep. 30, 2018	Jun. 30, 2018	Mar. 31, 2018	Sep. 30, 2019	Sep. 30, 2018	Dec. 31, 2018
Dividend and Interest Income	$ 10,864			$ 9,985			$ 31,844	$ 29,135
Interest expense	1,511			1,102			4,355	2,779
Net interest income	9,353			8,883			27,489	26,356
Provision for loan losses	25			21			139	252	$ 346
Noninterest income	3,113			2,842			8,808	8,384
Noninterest expense	8,790			8,134			25,753	23,953
Net income before taxes	3,651			3,570			10,405	10,535
Income tax benefit	753			737			2,131	1,992
Net income (loss)	2,898	$ 2,881	$ 2,495	2,833	$ 3,001	$ 2,709	8,274	8,543
Total assets	1,129,990						1,129,990		1,091,595
Commercial And Retail Banking [Member]
Dividend and Interest Income	10,600			9,772			31,081	28,513
Interest expense	1,322			915			3,772	2,251
Net interest income	9,278			8,857			27,309	26,262
Provision for loan losses	25			21			139	252
Noninterest income	1,353			1,260			4,039	4,051
Noninterest expense	7,246			6,796			21,416	20,105
Net income before taxes	3,360			3,300			9,793	9,956
Income tax benefit	813			791			2,330	2,173
Net income (loss)	2,547			2,509			7,463	7,783
Total assets	1,102,804						1,102,804		1,074,838
Mortgage Banking [Member]
Dividend and Interest Income	257			213			745	622
Interest expense
Net interest income	257			213			745	622
Provision for loan losses
Noninterest income	1,251			1,159			3,333	3,126
Noninterest expense	999			937			2,754	2,515
Net income before taxes	509			435			1,324	1,233
Income tax benefit
Net income (loss)	509			435			1,324	1,233
Total assets	23,638						23,638		16,078
Investment Advisory And Non Deposit [Member]
Dividend and Interest Income
Interest expense
Net interest income
Provision for loan losses
Noninterest income	509			423			1,436	1,207
Noninterest expense	440			324			1,302	1,047
Net income before taxes	69			99			134	160
Income tax benefit
Net income (loss)	69			99			134	160
Total assets	2						2		9
Corporate [Member]
Dividend and Interest Income	3,036			947			6,077	2,779
Interest expense	189			187			583	528
Net interest income	2,847			760			5,494	2,251
Provision for loan losses
Noninterest income
Noninterest expense	105			77			281	286
Net income before taxes	2,742			683			5,213	1,965
Income tax benefit	(60)			(54)			(199)	(181)
Net income (loss)	2,802			737			5,412	2,146
Total assets	127,864						127,864		129,992
Eliminations [Member]
Dividend and Interest Income	(3,029)			(947)			(6,059)	(2,779)
Interest expense
Net interest income	(3,029)			(947)			(6,059)	(2,779)
Provision for loan losses
Noninterest income
Noninterest expense
Net income before taxes	(3,029)			(947)			(6,059)	(2,779)
Income tax benefit
Net income (loss)	(3,029)			$ (947)			(6,059)	$ (2,779)
Total assets	$ (124,318)						$ (124,318)		$ (129,322)

LEASES (Details)

LEASES (Details) $ in Thousands	Sep. 30, 2019USD ($)
2019	$ 208
2020	292
2021	298
2022	303
2023	309
Thereafter	3,481
Total	4,892
Lease Agreements [Member]
2019	133
2020	140
2021	133
2022	126
2023	118
Thereafter	900
Total	1,550
Reduction [Member]
2019	24
2020	152
2021	165
2022	177
2023	191
Thereafter	2,582
Total	$ 3,291