The First Bancshares, Inc. (FBMS) 10-Q 11 May 20 2020 Q1 Quarterly report Financial data

Document And Entity Information

Document And Entity Information - shares	3 Months Ended
	Mar. 31, 2020	May 07, 2020
Document And Entity Information
Document Type	10-Q
Document Period End Date	Mar. 31, 2020
Entity Registrant Name	FIRST BANCSHARES INC /MS/
Entity Central Index Key	0000947559
Trading Symbol	FBMS
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		21,398,714
Current Fiscal Year End Date	--12-31
Document Fiscal Year Focus	2020
Document Fiscal Period Focus	Q1
Amendment Flag	false

CONSOLIDATED BALANCE SHEETS

CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Mar. 31, 2020	Dec. 31, 2019
ASSETS
Cash and due from banks	$ 107,252	$ 89,736
Interest-bearing deposits with banks	179,507	79,128
Total cash and cash equivalents	286,759	168,864
Securities available-for-sale, at fair value	762,977	765,087
Other securities	25,911	26,690
Total securities	788,888	791,777
Loans held for sale	13,288	10,810
Loans	2,602,288	2,600,358
Allowance for loan losses	(20,804)	(13,908)
Loans, net	2,594,772	2,597,260
Interest receivable	14,943	14,802
Premises and equipment	108,013	104,980
Cash surrender value of bank-owned life insurance	65,713	59,572
Goodwill	158,572	158,572
Other real estate owned	6,974	7,299
Other assets	37,167	38,737
TOTAL ASSETS	4,061,801	3,941,863
Deposits:
Noninterest-bearing	340,606	723,208
Interest-bearing	2,937,188	2,353,325
TOTAL DEPOSITS	3,277,794	3,076,533
Interest payable	2,885	2,508
Borrowed funds	116,180	214,319
Subordinated debentures	80,717	80,678
Other liabilities	28,299	24,167
TOTAL LIABILITIES	3,505,875	3,398,205
STOCKHOLDERS' EQUITY:
Common stock, par value $1 per share, 40,000,000 shares authorized; 19,046,637 shares issued at March 31, 2020, and 18,996,948 shares issued at December 31, 2019, respectively	19,047	18,997
Additional paid-in capital	409,855	409,805
Retained earnings	116,886	110,460
Accumulated other comprehensive gain	15,831	10,089
Treasury stock, at cost, 194,682 shares at March 31, 2020 and 194,682 shares at December 31, 2019	(5,693)	(5,693)
TOTAL STOCKHOLDERS' EQUITY	555,926	543,658
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY	$ 4,061,801	$ 3,941,863

CONSOLIDATED BALANCE SHEETS (Pa

CONSOLIDATED BALANCE SHEETS (Parenthetical) - $ / shares	Mar. 31, 2020	Dec. 31, 2019
CONSOLIDATED BALANCE SHEETS
Common stock, par value	$ 1	$ 1
Common stock, shares authorized	40,000,000	40,000,000
Common stock, shares issued	19,046,637	18,996,948
Treasury stock, shares	194,682	194,682

CONSOLIDATED STATEMENTS OF INCO

CONSOLIDATED STATEMENTS OF INCOME - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
INTEREST INCOME:
Interest and fees on loans	$ 36,005	$ 28,804
Interest and dividends on securities:
Taxable interest and dividends	4,034	3,591
Tax exempt interest	1,360	758
Interest on federal funds sold and interest bearing deposits in other banks	199	120
TOTAL INTEREST INCOME	41,598	33,273
INTEREST EXPENSE:
Interest on deposits	5,414	4,363
Interest on borrowed funds	2,119	1,779
TOTAL INTEREST EXPENSE	7,533	6,142
NET INTEREST INCOME	34,065	27,131
PROVISION FOR LOAN LOSSES	7,102	1,123
NET INTEREST INCOME AFTER PROVISION FOR LOAN LOSSES	26,963	26,008
NON-INTEREST INCOME:
Gain on sale of securities	174	38
TOTAL NON-INTEREST INCOME	6,474	5,554
NON-INTEREST EXPENSE
Salaries and employee benefits	13,228	10,697
Occupancy and equipment	2,918	2,447
Acquisition and integration charges	740	3,179
Other	6,553	5,570
TOTAL NON-INTEREST EXPENSES	23,439	21,893
INCOME BEFORE INCOME TAXES	9,998	9,669
INCOME TAXES	1,687	2,034
NET INCOME	$ 8,311	$ 7,635
Earnings per share:
BASIC EARNINGS PER SHARE	$ 0.44	$ 0.49
DILUTED EARNINGS PER SHARE	$ 0.44	$ 0.48
Service charges on deposit accounts
NON-INTEREST INCOME:
TOTAL NON-INTEREST INCOME	$ 1,914	$ 1,831
Other service charges and fees
NON-INTEREST INCOME:
TOTAL NON-INTEREST INCOME	$ 4,386	$ 3,685

CONSOLIDATED STATEMENTS OF COMP

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME
Net income per consolidated statements of income	$ 8,311	$ 7,635
Unrealized gains/losses on securities:
Unrealized holding gains arising during period on available-for-sale securities	8,629	7,966
Reclassification adjustment for (gains) included in net income	(174)	(38)
Unrealized holding gains arising during period on available-for-sale securities	8,455	7,928
Income tax (expense)	(2,713)	(2,006)
Other comprehensive income	5,742	5,922
Comprehensive Income	$ 14,053	$ 13,557

CONSOLIDATED STATEMENTS OF CHAN

CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS' EQUITY - USD ($) $ in Thousands	Common Stock	Additional Paid-in Capital	Retained Earnings	Accumulated Other Comprehensive Income (Loss)	Treasury Stock	Total
Beginning Balance at Dec. 31, 2018	$ 14,857	$ 278,659	$ 71,998	$ (1,796)	$ (464)	$ 363,254
Beginning Balance (in shares) at Dec. 31, 2018	14,857,092				(26,494)
NET INCOME	$ 0	0	7,635	0	$ 0	7,635
Other comprehensive income	0	0	0	5,922	0	5,922
Dividends on common stock	0	0	(1,039)	0	0	(1,039)
Issuance of common shares for FPB acquisition	$ 2,378	75,842	0	0	0	78,220
Issuance of common shares for FPB acquisition (in shares)	2,377,501
Restricted stock grant	$ 66	(66)	0	0	0	0
Restricted stock grant(in shares)	66,132
Restricted stock grants Forfeited	$ (2)	2	0	0	0	0
Restricted stock grants Forfeited (in shares)	(1,500)
Compensation expense	$ 0	355	0	0	0	355
Ending Balance at Mar. 31, 2019	$ 17,299	354,792	78,594	4,126	$ (464)	454,347
Ending Balance (in shares) at Mar. 31, 2019	17,299,225				(26,494)
Beginning Balance at Dec. 31, 2019	$ 18,997	409,805	110,460	10,089	$ (5,693)	543,658
Beginning Balance (in shares) at Dec. 31, 2019	18,996,948				(194,682)
NET INCOME	$ 0	0	8,311	0	$ 0	8,311
Other comprehensive income	0	0	0	5,742	0	5,742
Dividends on common stock	0	0	(1,885)	0	0	(1,885)
Restricted stock grant	$ 61	(61)	0	0	0	0
Restricted stock grant(in shares)	60,680
Compensation expense	$ 0	478	0	0	0	478
Repurchase of restricted stock for payment of taxes	$ (11)	(367)	0	0	0	(378)
Repurchase of restricted stock for payment of taxes (in shares)	(10,991)
Ending Balance at Mar. 31, 2020	$ 19,047	$ 409,855	$ 116,886	$ 15,831	$ (5,693)	$ 555,926
Ending Balance (in shares) at Mar. 31, 2020	19,046,637				(194,682)

CONSOLIDATED STATEMENTS OF CH_2

CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS' EQUITY (Parenthetical) - $ / shares	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS' EQUITY
Dividends on common stock, per Share	$ 0.10	$ 0.07

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
CASH FLOWS FROM OPERATING ACTIVITIES:
NET INCOME	$ 8,311	$ 7,635
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation, amortization and accretion	1,308	677
Provision for loan losses	7,102	1,123
Loss on sale/writedown of ORE	293	295
Securities gain	(174)	(38)
Gain on sale/writedown of premises and equipment	8	0
Restricted stock expense	478	355
Increase in cash value of life insurance	(328)	(297)
Federal Home Loan Bank stock dividends	(53)	0
Payments on right-of-use assets	(382)	(122)
Residential loans originated and held for sale	(55,076)	(30,078)
Proceeds from sale of residential loans held for sale	51,828	28,632
Changes in:
Interest receivable	(141)	(283)
Interest payable	377	434
Other, net	450	(630)
NET CASH PROVIDED BY OPERATING ACTIVITIES	14,001	7,703
CASH FLOWS FROM INVESTING ACTIVITIES:
Maturities, calls and paydowns of available-for-sale and held-to-maturity securities	46,192	19,445
Proceeds from sales of securities available-for-sale	0	20,291
Purchases of available-for-sale securities	(36,277)	(46,599)
Redemptions of other securities	832	2,712
Net increase in loans	(925)	(29,961)
Net increase in premises and equipment	(1,413)	(1,548)
Proceeds from sale of other real estate owned	532	385
Purchase of bank-owned life insurance	(5,800)	0
Cash received in excess of cash paid for acquisitions	0	14,743
NET CASH PROVIDED BY (USED) IN INVESTING ACTIVITIES	3,141	(20,532)
CASH FLOWS FROM FINANCING ACTIVITIES:
Increase in deposits	201,122	144,318
Net decrease in borrowed funds	(98,139)	(41,000)
Dividends paid on common stock	(1,852)	(1,020)
Repurchase of restricted stock for payment of taxes	(378)	0
NET CASH PROVIDED BY FINANCING ACTIVITIES	100,753	102,298
NET INCREASE IN CASH	117,895	89,469
CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD	168,864	159,107
CASH AND CASH EQUIVALENTS AT END OF PERIOD	286,759	248,576
SUPPLEMENTAL DISCLOSURES:
Cash payments for interest	5,567	4,297
Non-cash activities:
Loans transferred to other real estate	504	946
Issuance of restricted stock grants	61	66
Dividends on restricted stock grants	33	19
Lease liabilities arising from obtaining right-of-use assets	2,419	3,595
FPB acquisition
Non-cash activities:
Stock issued in connection with FPB acquisition	$ 0	$ 78,220

BASIS OF PRESENTATION

BASIS OF PRESENTATION	3 Months Ended
	Mar. 31, 2020
BASIS OF PRESENTATION
BASIS OF PRESENTATION	NOTE 1 — BASIS OF PRESENTATION The accompanying unaudited consolidated financial statements have been prepared in accordance with generally accepted accounting principles for interim financial statements and the instructions to Form 10-Q of the Securities and Exchange Commission. Accordingly, they do not include all of the information and footnotes required by generally accepted accounting principles for complete financial statements. However, in the opinion of management, all adjustments (consisting of normal recurring adjustments) considered necessary for a fair presentation have been included. Operating results for the three months ended March 31, 2020, are not necessarily indicative of the results that may be expected for the year ending December 31, 2020. For further information, please refer to the consolidated financial statements and footnotes thereto included in the Company's Form 10-K for the fiscal year ended December 31, 2019.

SUMMARY OF ORGANIZATION

SUMMARY OF ORGANIZATION	3 Months Ended
	Mar. 31, 2020
SUMMARY OF ORGANIZATION
SUMMARY OF ORGANIZATION	NOTE 2 — SUMMARY OF ORGANIZATION The First Bancshares, Inc., Hattiesburg, Mississippi (the "Company"), was incorporated June 23, 1995, under the laws of the State of Mississippi for the purpose of operating as a bank holding company. The Company’s primary asset is its interest in its wholly-owned subsidiary, The First, A National Banking Association (the “Bank” or “The First”). At March 31, 2020, the Company had approximately $4.062 billion in assets, $2.595 billion in net loans, $3.278 billion in deposits, and $555.9 million in stockholders’ equity. For the three months ended March 31, 2020, the Company reported net income of $8. 3 million. After-tax merger-related costs of $576 thousand were expensed during the three months ended March 31, 2020. On February 21, 2020, the Company paid a cash dividend in the amount of $0.10 per share to shareholders of record as of the close of business on Friday, February 7, 2020.

ACCOUNTING STANDARDS

ACCOUNTING STANDARDS	3 Months Ended
	Mar. 31, 2020
ACCOUNTING STANDARDS
ACCOUNTING STANDARDS	NOTE 3 — ACCOUNTING STANDARDS During the three month ended March 31, 2020, there were no significant accounting pronouncements applicable to the Company that became effective. New Accounting Standards That Have Not Yet Been Adopted In March 2020, the FASB issued ASU No. 2020-04, Reference Rate Reform (Topic 848): “Facilitation of the Effects of Reference Rate Reform on Financial Reporting.” This ASU provides temporary optional guidance to ease the potential burden in accounting for reference rate reform. The ASU provides optional expedients and exceptions for applying generally accepted accounting principles to contract modifications and hedging relationships, subject to meeting certain criteria, that reference LIBOR or another reference rate expected to be discontinued. It is intended to help stakeholders during the global market-wide reference rate transition period. The guidance is effective for all entities as of March 12, 2020 through December 31, 2022. The Company is assessing ASU 2020-04 and its impact on the Company’s transition away from LIBOR for its loan and other financial instruments. In December 2019, the FASB issued ASU No. 2019-12, Income Taxes (Topic 740) : “Simplifying the Accounting for Income Taxes.” ASU 2019-12 removes specific exceptions to the general principles in Topic 740. This update simplifies the accounting for income taxes by eliminating certain exceptions to the guidance in ASC 740 related to the approach for intraperiod tax allocation, the methodology for calculating income taxes in an interim period and the recognition for deferred tax liabilities for outside basis differences. The ASU also improves financial statement preparers’ application for income tax-related guidance, simplifies GAAP for franchise taxes and enacted changes in tax laws or rates, and clarifies the accounting for transactions that result in a step-up in the tax basis of goodwill. ASU 2019-12 will be effective on January 1, 2021 and is not expected to have a material impact on the Company’s Consolidated Financial Statements. In June 2016, the FASB issued ASU 2016-13 , “Financial Instruments – Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments” (“ASU 2016-13”). The FASB issued new guidance (Topic 326) to replace the incurred loss model for loans and other financial assets with an expected loss model, which is referred to as the current expected credit loss (“CECL”) model. The CECL model is applicable to the measurement of credit losses on financial assets measured at amortized cost, including loan receivables and held-to-maturity debt securities. It also applies to off-balance sheet credit exposures not accounted for as insurance (loan commitments, standby letters of credit, financial guarantees, and other similar instruments) and net investments in certain leases recognized by a lessor. In addition, the amendments in Topic 326 require credit losses on available-for-sale debt securities to be presented as a valuation allowance rather than as a direct write-down. The standard will be effective for fiscal years beginning after December 15, 2019, including interim periods in those fiscal years. For calendar year-end SEC filers, it is effective for March 31, 2020 interim financial statements. For debt securities with other-than-temporary impairment (“OTTI”), the guidance will be applied prospectively. Existing purchased credit impaired (“PCI”) assets will be grandfathered and classified as purchased credit deteriorated (“PCD”) assets at the date of adoption. The assets will be grossed up for the allowance for expected credit losses for all PCD assets at the date of adoption and will continue to recognize the noncredit discount in interest income based on the yield of such assets as of the adoption date. Subsequent changes in expected credit losses will be recorded through the allowance. For all other assets within the scope of CECL, a cumulative-effect adjustment will be recognized in retained earnings as of the beginning of the first reporting period in which the guidance is effective. The Company’s Allowance for Credit Loss Committee (“ACL Committee”), made up of executive and senior management from corporate administration, accounting, risk management, and credit and portfolio administration, have reviewed and approved the methodology and initial setup of the CECL Model. All historical data used in the model’s calculation, the mathematical accuracy of that calculation, and any inputs provided externally that affect the calculation have been independently validated. Internal controls necessary in maintaining accuracy to estimate an adequate reserve have been designed but not tested for operating effectiveness. The Company had finalized the formal review and approval process and the results of its CECL estimate as of year-end but has elected to delay its adoption of ASU 2016-13, as provided by the Coronavirus Aid, Relief, and Economic Security (“CARES Act”), until the date on which the national emergency related to the novel coronavirus (“COVID-19”) outbreak is terminated or December 31, 2020 whichever occurs first. The delayed adoption will allow extra time to document and test controls over this standard and will allow us time to provide consistent, high-quality financial information to our investors and other stakeholders. Upon adoption of ASU 2016-13, the Company has determined that the impact to the allowance for credit losses will be an increase under the new standard due to the life of loan loss estimation methodology, as well as the requirement to record an allowance on acquired loans previously recorded at fair value. As disclosed previously, it can be reasonably expected that a probable range in the reserve as a percentage of total loans after adoption of this guidance to be between 0.68% and 1.39% as of January 1, 2020. Upon adopting ASU 2016-13, the Company will not record an allowance as of January 1, 2020 with respect to its available-for-sale debt securities as the majority of these securities are government agency-backed securities for which the risk of loss is minimal. In the first quarter of 2020, U.S. federal regulatory authorities issued an interim final rule that provides banking organizations that adopt CECL during the 2020 calendar year with the option to delay for two years the estimated impact of CECL on regulatory capital relative to regulatory capital determined under the prior incurred loss methodology, followed by a three-year transition period to phase out the aggregate amount of the capital benefit provided during the initial two-year delay (i.e., a five-year transition in total). The Company has elected to delay its adoption of ASU 2016-13, as provided by the Coronavirus Aid, Relief, and Economic Security (“CARES Act”), until the date on which the national emergency related to the COVID-19 outbreak is terminated or December 31, 2020 whichever occurs first. The Company has elected to utilize the five-year CECL transition. The adoption of ASU 2016-13 is not expected to have a significant impact on the Company’s regulatory capital ratios. In March 2020, the FASB issued ASU 2020-03, “Codification Improvements to Financial Instruments.” This ASU makes narrow-scope improvements to various aspects of the financial instruments guidance, including the current expected credit losses (CECL) standard issued in 2016. ASU 2016-13 and subsequent ASUs are effective for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2019. This amendment is required to be adopted using a modified retrospective approach with a cumulative-effect adjustment to beginning retained earnings, as of the beginning of the first reporting period in which the guidance is effective.

BUSINESS COMBINATIONS

BUSINESS COMBINATIONS	3 Months Ended
	Mar. 31, 2020
BUSINESS COMBINATIONS
BUSINESS COMBINATIONS	NOTE 4 – BUSINESS COMBINATIONS Acquisitions First Florida Bancorp, Inc. On November 1, 2019, the Company completed its acquisition of First Florida Bancorp, Inc. (“FFB”), and immediately thereafter merged its wholly-owned subsidiary, First Florida Bank with and into The First. The Company paid a total consideration of $89.5 million to the FFB shareholders as consideration in the merger, which included 1,682,889 shares of Company common stock and approximately $34.1 million in cash. In connection with the acquisition, the Company recorded approximately $40.0 million of goodwill and $3.7 million of core deposit intangible. Goodwill is not deductible for income taxes. The core deposit intangible will be amortized to expense over 10 years. The Company acquired the $248.9 million loan portfolio at an estimated fair value discount of $1.7 million. The discount represents expected credit losses, adjusted for market interest rates and liquidity adjustments. Expenses associated with the FFB acquisition were $443 thousand for the three months ended March 31, 2020. These costs included system conversion and integrating operations charges and legal and consulting expenses, which have been expensed as incurred The assets acquired and liabilities assumed and consideration paid in the acquisition of FFB were recorded at their estimated fair values based on management’s best estimates using information available at the date of the acquisition and are subject to adjustment for up to one year after the closing date of the acquisition. While the fair values are not expected to be materially different from the estimates, accounting guidance provides that an acquirer must recognize adjustments to provisional amounts that are identified during the measurement period, which runs through November 1, 2020 in respect of FFB, in the measurement period in which the adjustment amounts are determined. The acquirer must record in the financial statements, the effect on earnings of changes in depreciation, amortization or other income effects, if any, as a result of changes to the provisional amounts, calculated as if the accounting had been completed at the acquisition date. The items most susceptible to adjustment are the credit fair value adjustments on loans, core deposit intangible and the deferred income tax assets resulting from the acquisition. The following table summarizes the provisional fair values of the assets acquired and liabilities assumed on November 1, 2019 ($ in thousands): Purchase price: Cash and stock $ 89,520 Total purchase price 89,520 Identifiable assets: Cash and due from banks 50,169 Investments 122,084 Loans 247,263 Core deposit intangible 3,745 Personal and real property 4,991 Other assets 2,283 Total assets 430,535 Liabilities and equity: Deposits 373,908 Borrowed funds 5,527 Other liabilities 1,619 Total liabilities 381,054 Net assets acquired 49,481 Goodwill resulting from acquisition $ 40,039 The outstanding principal balance and the carrying amount of these loans included in the consolidated balance sheets as of the date of acquisition and at March 31, 2020, are as follows ($ in thousands): November 1, 2019 March 31,2020 Outstanding principal balance $ 248,916 $ 233,392 Carrying amount 247,263 232,082 PCI loans are discussed more fully in Note 10 – “Loans” of this report. FPB Financial Corp. On March 2, 2019, the Company completed its acquisition of FPB Financial Corp., (“FPB”), and immediately thereafter merged its wholly-owned subsidiary, Florida Parishes Bank with and into The First. The Company paid a total consideration of $78.2 million to the FPB shareholders, which included 2,377,501 shares of Company common stock and $5 thousand in cash. In connection with the acquisition, the Company recorded approximately $28.8 million of goodwill and $6.6 million of core deposit intangible. Goodwill is not deductible for income taxes. The core deposit intangible will be amortized to expense over 10 years. The Company acquired the $247.8 million loan portfolio at an estimated fair value discount of $3.1 million. The discount represents expected credit losses, adjusted for market interest rates and liquidity adjustments. Expenses associated with the FPB acquisition were $63 thousand for the three months March 31, 2020. These costs included system conversion and integrating operations charges and legal and consulting expenses, which have been expensed as incurred. The following table summarizes the finalized fair values of the assets acquired and liabilities assumed on March 2, 2019 ($ in thousands): Measurement As Initially Period Reported Adjustments As Adjusted Identifiable assets: Cash and due from banks $ 14,748 $ — $ 14,748 Investments 93,604 — 93,604 Loans 244,665 — 244,665 Bank owned life insurance 7,312 — 7,312 Core deposit intangible 4,793 1,804 6,597 Personal and real property 17,358 — 17,358 Other assets 1,430 (278) 1,152 Total assets 383,910 $ 1,526 385,436 Liabilities and equity: Deposits 312,453 — 312,453 Borrowed funds 17,250 — 17,250 Other liabilities 6,291 — 6,291 Total liabilities 335,994 — 335,994 Net assets acquired 47,916 1,526 49,442 Consideration paid 78,225 — 78,225 Goodwill resulting from acquisition $ 30,309 $ 1,526 $ 28,783 Valuation adjustments have been made to core deposit intangible and other assets since initially reported. The outstanding principal balance and the carrying amount of these loans included in the consolidated balance sheets as of the date of acquisition and at March 31, 2020, are as follows ($ in thousands): March 2, 2019 March 31, 2020 Outstanding principal balance $ 247,774 $ 180,070 Carrying amount 244,665 178,186 PCI loans are discussed more fully in Note 10 – “Loans” of this report. Supplemental Pro-Forma Financial Information The following unaudited pro-forma financial data for the three months ended March 31, 2020 and 2019 presents supplemental information as if the FPB and FFB acquisitions had occurred on January 1, 2019. The pro-forma financial information is not necessarily indicative of the results of operations had the acquisitions been effective as of these dates. Pro-Forma Pro-Forma Three months Three months ended ended March 31, March 31, ($ in thousands) 2020 2019 (unaudited) (unaudited) Net interest income $ 34,065 $ 34,705 Non-interest income 6,474 6,313 Total revenue 40,539 41,018 Income before income taxes 10,739 18,002 Supplemental pro-forma earnings were adjusted to exclude acquisition costs incurred. Non-credit impaired loans acquired in the acquisitions were accounted for in accordance with ASC 310-20, Receivables-Nonrefundable Fees and Other Costs. PCI loans acquired in the FPB and FFB acquisitions were accounted for in accordance with ASC 310-30 Accounting for Purchased Loans with Deteriorated Credit Quality.

EARNINGS APPLICABLE TO COMMON S

EARNINGS APPLICABLE TO COMMON STOCKHOLDERS	3 Months Ended
	Mar. 31, 2020
EARNINGS APPLICABLE TO COMMON STOCKHOLDERS
EARNINGS APPLICABLE TO COMMON STOCKHOLDERS	NOTE 5 — EARNINGS APPLICABLE TO COMMON STOCKHOLDERS Basic per share data is calculated based on the weighted-average number of common shares outstanding during the reporting period. Diluted per share data includes any dilution from potential common stock outstanding, such as restricted stock grants. There were no anti-dilutive common stock equivalents excluded in the calculations. The following tables disclose the reconciliation of the numerators and denominators of the basic and diluted computations applicable to common stockholders ($ in thousands, except per share amount): For the Three Months Ended March 31, 2020 Net Income Shares Per (Numerator) (Denominator) Share Data Basic earnings per share $ 8,311 18,818,115 $ 0.44 Effect of dilutive shares: Restricted stock grants 124,014 Diluted earnings per share $ 8,311 18,942,129 $ 0.44 For the Three months ended March 31, 2019 Net Income Shares Per (Numerator) (Denominator) Share Data Basic earnings per share $ 7,635 15,646,476 $ 0.49 Effect of dilutive shares: Restricted stock grants 124,146 Diluted earnings per share $ 7,635 15,770,622 $ 0.48 The Company granted 60,680 shares of restricted stock in the first quarter of 2020 and 66,132 shares of restricted stock in the first quarter of 2019.

COMPREHENSIVE INCOME

COMPREHENSIVE INCOME	3 Months Ended
	Mar. 31, 2020
COMPREHENSIVE INCOME
COMPREHENSIVE INCOME	NOTE 6 – COMPREHENSIVE INCOME As presented in the Consolidated Statements of Comprehensive Income, comprehensive income includes net income and other comprehensive income. The Company’s sources of other comprehensive income are unrealized gains and losses on available-for-sale securities, which are also recognized as separate components of equity.

FINANCIAL INSTRUMENTS WITH OFF-

FINANCIAL INSTRUMENTS WITH OFF-BALANCE-SHEET RISK	3 Months Ended
	Mar. 31, 2020
FINANCIAL INSTRUMENTS WITH OFF-BALANCE-SHEET RISK
FINANCIAL INSTRUMENTS WITH OFF-BALANCE-SHEET RISK	NOTE 7 – FINANCIAL INSTRUMENTS WITH OFF-BALANCE-SHEET RISK The Company is a party to financial instruments with off-balance-sheet risk in the normal course of business to meet the financing needs of its customers. At March 31, 2020, and December 31, 2019, these financial instruments consisted of the following: March 31, 2020 December 31, 2019 ($ in thousands) Fixed Rate Variable Rate Fixed Rate Variable Rate Commitments to make loans $ 39,351 $ 5,723 $ 42,774 $ 5,676 Unused lines of credit 120,335 180,732 137,966 208,728 Standby letters of credit 2,425 9,917 3,648 8,475 Commitments to make loans are generally made for periods of 90 days or less. The fixed rate loan commitments have interest rates ranging from 0.5% to 18.0% and maturities ranging from approximately 1 year to 30 years.

FAIR VALUE DISCLOSURES AND REPO

FAIR VALUE DISCLOSURES AND REPORTING, THE FAIR VALUE OPTION AND FAIR VALUE MEASUREMENTS	3 Months Ended
	Mar. 31, 2020
FAIR VALUE DISCLOSURES AND REPORTING, THE FAIR VALUE OPTION AND FAIR VALUE MEASUREMENTS
FAIR VALUE DISCLOSURES AND REPORTING, THE FAIR VALUE OPTION AND FAIR VALUE MEASUREMENTS	NOTE 8 – FAIR VALUE DISCLOSURES AND REPORTING, THE FAIR VALUE OPTION AND FAIR VALUE MEASUREMENTS Fair value is the exchange price that would be received for an asset or paid to transfer a liability (exit price) in the principal or most advantageous market for the assets or liability in an orderly transaction between market participants on the measurement date. There are three levels of inputs that may be used to measure fair values: Level 1 : Quoted prices (unadjusted) for identical assets or liabilities in active markets that the entity has the ability to access as of the measurement date. Level 2 : Significant observable inputs other than Level 1 prices, such as quoted prices for similar assets or liabilities, quoted prices in markets that are not active, and other inputs that are observable or can be corroborated by observable market data. Level 3 : Significant unobservable inputs that reflect a company’s own assumptions about the factors that market participants would likely consider in pricing an asset or liability. The following methods and assumptions were used by the Company to estimate its financial instrument fair values disclosed at March 31, 2020 and December 31, 2019: · Investment Securities : The fair value for investment securities are determined by quoted market prices, if available (Level 1). For securities where quoted prices are not available, fair values are calculated based on market prices of similar securities (Level 2), using matrix pricing. Matrix pricing is a mathematical technique commonly used to price debt securities that are not actively traded, values debt securities without relying exclusively on quoted prices for the specific securities but rather by relying on the securities’ relationship to other benchmark quoted securities (Level 2 inputs). For securities where quoted prices or market prices of similar securities are not available, fair values are calculated using discounted cash flows or other market indicators (Level 3). · Loans held for sale : Since loans designated by the Company as available-for-sale are typically sold shortly after making the decision to sell them, realized gains or losses are usually recognized within the same period and fluctuations in fair values are not relevant for reporting purposes. If available-for-sale loans are held on our books for an extended period of time, the fair value of those loans is determined using quoted secondary-market prices. · Impaired Loans : Loans for which it is probable that the Company will not collect all principal and interest due according to contractual terms are measured for impairment. If the impaired loan is identified as collateral dependent, then the fair value method of measuring the amount of impairment is utilized. This method requires obtaining a current independent appraisal of the collateral. These appraisals may utilize a single valuation approach or a combination of approaches including comparable sales and the income approach. Adjustments are routinely made in the appraisal process by independent appraisers to adjust for differences between the comparable sales and income data available for similar loans and collateral underlying such loans. Such adjustments, if any, result in a Level 3 classification of the inputs for determining fair value. The Company generally adjusts the appraisal down by approximately 10 percent to account for selling costs. Non-real estate collateral may be valued using an appraisal, net book value per the borrower’s financial statements, or aging reports, adjusted or discounted based on management’s expertise and knowledge of the client and client’s business, resulting in a Level 3 fair value classification. Impaired loans are evaluated on a quarterly basis for additional impairment. · Other Real Estate Owned : Other real estate owned consists of properties obtained through foreclosure. The adjustment at the time of foreclosure is recorded through the allowance for loan losses. Fair value of other real estate owned is based on current independent appraisals of the collateral less costs to sell when acquired, establishing a new cost basis. These assets are subsequently accounted for at lower of cost or fair value less estimated costs to sell. Fair value is commonly based on recent real estate appraisals, which are updated no less frequently than annually. These appraisals may utilize a single valuation approach or a combination of approaches including comparable sales and the income approach with data from comparable properties. Adjustments are routinely made in the appraisal process by the independent appraisers to adjust for differences between the comparable sales and income data available. Such adjustments, if any, result in a Level 3 classification of the inputs for determining fair value. In the determination of fair value subsequent to foreclosure, Management also considers other factors or recent developments, such as changes in market conditions from the time of valuation and anticipated sales values considering plans for disposition, which could result in an adjustment to lower the collateral value estimates indicated in the appraisals. The Company generally adjusts the appraisal down by approximately 10 percent to account for selling costs. Periodic revaluations are classified as Level 3 in the fair value hierarchy since assumptions are used that may not be observable in the market. Due to the subjective nature of establishing the fair value when the asset is acquired, the actual fair value of the other real estate owned or foreclosed asset could differ from the original estimate. If it is determined the fair value declines subsequent to foreclosure, a valuation allowance is recorded through other non-interest income. Operating costs associated with the assets after acquisition are also recorded as non-interest expense. Gains and losses on the disposition of other real estate owned and foreclosed assets are netted and recorded in other non-interest income. Other real estate owned is classified within Level 3 of the fair value hierarchy. Estimated fair values for the Company’s financial instruments are as follows, as of the dates noted: As of March 31, 2020 Fair Value Measurements Significant Other Significant Observable Unobservable Carrying Estimated Quoted Prices Inputs Inputs ($ in thousands) Amount Fair Value (Level 1) (Level 2) (Level 3) Financial Instruments: Assets: Cash and cash equivalents $ 286,759 $ 286,759 $ 286,759 $ — $ — Securities available-for- sale: U.S. Treasury 5,308 5,308 5,308 Obligations of U.S. government agencies and sponsored entities 72,880 72,880 — 72,880 — Municipal securities 274,163 274,163 — 254,981 19,182 Mortgage- backed securities 382,900 382,900 — 382,900 — Corporate obligations 27,726 27,726 — 27,215 511 Loans, net 2,594,772 2,573,942 — — 2,573,942 Accrued interest receivable 14,943 14,943 — 3,995 10,948 Liabilities: Non-interest-bearing deposits $ 340,606 $ 340,606 $ — $ 340,606 $ — Interest-bearing deposits 2,937,188 2,946,069 — 2,946,069 — Subordinated debentures 80,717 69,037 — — 69,037 FHLB and other borrowings 116,180 116,180 — 116,180 — Accrued interest payable 2,885 2,885 — 2,885 — As of December 31, 2019 Fair Value Measurements Significant Other Significant Quoted Observable Unobservable Carrying Estimated Prices Inputs Inputs ($ in thousands) Amount Fair Value (Level 1) (Level 2) (Level 3) Financial Instruments: Assets: Cash and cash equivalents $ 168,864 $ 168,864 $ 168,864 $ — $ — Securities available-for-sale: U.S. Treasury 4,894 4,894 4,894 Obligations of U.S. Government agencies and sponsored entities 77,950 77,950 — 77,950 — Municipal securities 258,982 258,982 — 248,637 10,345 Mortgage-backed securities 395,315 395,315 — 395,315 — Corporate obligations 27,946 27,946 — 27,538 408 Loans, net 2,597,260 2,560,668 — — 2,560,668 Accrued interest receivable 14,802 14,802 — 4,246 10,556 Liabilities: Non-interest-bearing deposits $ 723,208 $ 723,208 $ — $ 723,208 $ — Interest-bearing deposits 2,353,325 2,339,537 — 2,339,537 — Subordinated debentures 80,678 80,330 — — 80,330 FHLB and other borrowings 214,319 214,319 — 214,319 — Accrued interest payable 2,508 2,508 — 2,508 — Assets measured at fair value on a recurring basis are summarized below: March 31, 2020 Fair Value Measurements Using Quoted Prices in Active Markets Significant For Other Significant Identical Observable Unobservable Assets Inputs Inputs ($ in thousands) Fair Value (Level 1) (Level 2) (Level 3) Available-for-sale U.S. Treasury $ 5,308 $ 5,308 $ — $ — Obligations of U. S. Government agencies and sponsored entities 72,880 — 72,880 — Municipal securities 274,163 — 254,981 19,182 Mortgage-backed securities 382,900 — 382,900 — Corporate obligations 27,726 — 27,215 511 Total available-for-sale $ 762,977 $ 5,308 $ 737,976 $ 19,693 December 31, 2019 Fair Value Measurements Using Quoted Prices in Active Markets Significant For Other Significant Identical Observable Unobservable Assets Inputs Inputs ($ in thousands) Fair Value (Level 1) (Level 2) (Level 3) Available-for-sale U.S. Treasury $ 4,894 $ 4,894 $ — $ — Obligations of U. S. Government agencies and sponsored entities 77,950 — 77,950 — Municipal securities 258,982 — 248,637 10,345 Mortgage-backed securities 395,315 — 395,315 — Corporate obligations 27,946 — 27,538 408 Total available-for-sale $ 765,087 $ 4,894 $ 749,440 $ 10,753 The following is a reconciliation of activity for assets measured at fair value based on significant unobservable inputs (Level 3) information. Bank-Issued Trust Preferred Securities ($ in thousands) 2020 2019 Balance, January 1 $ 408 $ 874 Unrealized (loss)/gain included in comprehensive income 103 (466) Balance at March 31, 2020 and December 31, 2019 $ 511 $ 408 Municipal Securities ($ in thousands) 2020 2019 Balance, January 1 $ 10,345 $ 7,574 Unrealized (loss)/gain included in comprehensive income 8,837 2,771 Balance at March 31, 2020 and December 31, 2019 $ 19,182 $ 10,345 The following methods and assumptions were used to estimate the fair values of the Company's assets measured at fair value on a recurring basis at March 31, 2020 and December 31, 2019. The following tables present quantitative information about recurring Level 3 fair value measurements ($in thousands): Significant Fair Valuation Unobservable Range of Trust Preferred Securities Value Technique Inputs Inputs March 31, 2020 $ 511 Discounted cash flow Probability of default 1.74% - 3.30% December 31, 2019 $ 408 Discounted cash flow Probability of default 2.73% - 4.15% Significant Fair Valuation Unobservable Range of Municipal Securities Value Technique Inputs Inputs March 31, 2020 $ 19,182 Discounted cash flow Discount Rate 1.85% - 3.50% December 31, 2019 $ 10,345 Discounted cash flow Discount Rate 1.50% - 4.40% The following table presents the fair value measurement of assets measured at fair value on a non-recurring basis and the level within the fair value hierarchy in which the fair value measurements were classified at March 31, 2020 and December 31, 2019. March 31, 2020 Fair Value Measurements Using Quoted Prices in Active Markets Significant For Other Significant Identical Observable Unobservable Assets Inputs Inputs ($ in thousands) Fair Value (Level 1) (Level 2) (Level 3) Impaired loans $ 11,124 $ — $ — $ 11,124 Other real estate owned 6,974 — — 6,974 December 31, 2019 Fair Value Measurements Using Quoted Prices in Active Markets Significant For Other Significant Identical Observable Unobservable Assets Inputs Inputs ($ in thousands) Fair Value (Level 1) (Level 2) (Level 3) Impaired loans $ 11,337 $ — $ — $ 11,337 Other real estate owned 7,299 — — 7,299

SECURITIES

SECURITIES	3 Months Ended
	Mar. 31, 2020
SECURITIES
SECURITIES	NOTE 9 - SECURITIES The following disclosure of the estimated fair value of financial instruments is made in accordance with authoritative guidance. The estimated fair value amounts have been determined using available market information and valuation methodologies that management believes are appropriate. However, considerable judgment is required to interpret market data to develop the estimates of fair value. The use of different market assumptions and/or estimation methodologies may have a material effect on the estimated fair value amounts. A summary of the amortized cost, fair value of available-for-sale securities at March 31, 2020 and December 31, 2019 and the corresponding amounts of gross unrealized gains and losses recognized in accumulated other comprehensive income (loss): March 31, 2020 Gross Gross Amortized Unrealized Unrealized Fair ($ in thousands) Cost Gains Losses Value Available-for-sale securities: U.S. Treasury $ 4,969 $ 339 $ — $ 5,308 Obligations of U.S. government agencies and sponsored entities 70,726 2,216 62 72,880 Tax-exempt and taxable obligations of states and municipal subdivisions 270,385 5,369 1,591 274,163 Mortgage-backed securities - residential 251,134 10,993 80 262,047 Mortgage-backed securities - commercial 115,974 4,976 97 120,853 Corporate obligations 27,838 242 354 27,726 Total $ 741,026 $ 24,135 $ 2,184 $ 762,977 December 31, 2019 Gross Gross Amortized Unrealized Unrealized Fair ($ in thousands) Cost Gains Losses Value Available-for-sale securities: U.S. Treasury $ 4,967 $ — $ 73 $ 4,894 Obligations of U.S. government agencies sponsored entities 76,699 1,475 224 77,950 Tax-exempt and taxable obligations of states and municipal subdivisions 253,527 5,602 147 258,982 Mortgage-backed securities - residential 263,229 4,726 107 267,848 Mortgage-backed securities - commercial 125,292 2,398 223 127,467 Corporate obligations 27,877 218 149 27,946 Total $ 751,591 $ 14,419 $ 923 $ 765,087 The amortized cost and fair value of debt securities are shown by contractual maturity. Expected maturities may differ from contractual maturities if borrowers have the right to call or prepay obligations with or without call or prepayment penalties. Securities not due at a single maturity date are shown separately. March 31, 2020 December 31, 2019 Available-for-Sale Available-for-Sale Amortized Fair Amortized Fair ($ in thousands) Cost Value Cost Value Due less than one year $ 28,094 $ 28,210 $ 30,141 $ 30,303 Due after one year through five years 86,142 87,617 80,119 81,372 Due after five years through ten years 147,047 150,671 143,811 148,085 Due greater than ten years 112,635 113,579 108,999 110,012 Mortgage-backed securities - residential 251,134 262,047 263,229 267,848 Mortgage-backed securities - commercial 115,974 120,853 125,292 127,467 Total $ 741,026 $ 762,977 $ 751,591 $ 765,087 The details concerning securities classified as available-for-sale with unrealized losses as of March 31, 2020 and December 31, 2019 were as follows: March 31, 2020 Losses < 12 Months Losses 12 Months or > Total Gross Gross Gross Fair Unrealized Fair Unrealized Fair Unrealized ($ in thousands) Value Losses Value Losses Value Losses U.S. Treasury $ — $ — $ — $ — $ — $ — Obligations of U.S government agencies and sponsored entities — — 5,371 62 5,371 62 Tax-exempt and taxable obligations of state and municipal subdivisions 2,571 5 45,504 1,586 48,075 1,591 Mortgage-backed securities - residential — — 4,017 80 4,017 80 Mortgage-backed securities - commercial 4,293 4 12,532 93 16,825 97 Corporate obligations 4,494 6 9,820 348 14,314 354 Total $ 11,358 $ 15 $ 77,244 $ 2,169 $ 88,602 $ 2,184 December 31, 2019 Losses < 12 Months Losses 12 Months or > Total Gross Gross Gross Fair Unrealized Fair Unrealized Fair Unrealized ($ in thousands) Value Losses Value Losses Value Losses U.S. Treasury $ — $ — $ 4,894 $ 73 $ 4,894 $ 73 Obligations of U.S government agencies and sponsored entities — — 22,987 224 22,987 224 Tax-exempt and taxable obligations of state and municipal subdivisions — — 28,235 147 28,235 147 Mortgage-backed securities - residential — — 29,930 107 29,930 107 Mortgage-backed securities - commercial 9,306 16 19,130 207 28,436 223 Corporate obligations 500 — 10,572 149 11,072 149 Total $ 9,806 $ 16 $ 115,748 $ 907 $ 125,554 $ 923 At March 31, 2020 and December 31, 2019, the Company’s securities portfolio consisted of 195 and 156 securities, respectively, which were in an unrealized loss position. The Company reviews its investment portfolio quarterly for indications of other-than-temporary impairment (“OTTI”), with attention given to securities in a continuous loss position of at least ten percent for over twelve months. Management believes that none of the losses on available-for-sale securities noted above constitutes an OTTI. The noted losses are considered temporary due to market fluctuations in available interest rates. Management considers the issuers of the securities to be financially sound, the corporate bonds are investment grade, and the collectability of all contractual principal and interest payments is reasonably expected. No OTTI losses were recognized during the three months ended March 31, 2020 or the year ended December 31, 2019.

LOANS

LOANS	3 Months Ended
	Mar. 31, 2020
LOANS
LOANS	NOTE 10 – LOANS The Company uses four different categories to classify loans in its portfolio based on the underlying collateral securing each loan. The loans grouped together in each category have been determined to share similar risk characteristics with respect to credit quality. Those four categories are commercial, financial and agriculture, commercial real estate, consumer real estate, installment and other; Commercial, financial and agriculture – Commercial, financial and agriculture loans include loans to business entities issued for commercial, industrial, or other business purposes. This type of commercial loan shares a similar risk characteristic in that unlike commercial real estate loans, repayment is largely dependent on cash flow generated from the operation of the business. Commercial real estate – Commercial real estate loans are grouped as such because repayment is mainly dependent upon either the sale of the real estate, operation of the business occupying the real estate, or refinance of the debt obligation. This includes both owner-occupied and non-owner occupied CRE secured loans, because they share similar risk characteristics related to these variables. Consumer real estate – Consumer real estate loans consist primarily of loans secured by 1-4 family residential properties and/or residential lots. This includes loans for the purpose of constructing improvements on the residential property, as well as home equity lines of credit. Installment and other – Installment and other loans are all loans issued to individuals that are not for any purpose related to operation of a business, and not secured by real estate. Repayment on these loans is mostly dependent on personal income, which may be impacted by general economic conditions. Generally, the Company will place a delinquent loan in nonaccrual status when the loan becomes 90 days or more past due. At the time a loan is placed in nonaccrual status, all interest which has been accrued on the loan but remains unpaid is reversed and deducted from earnings as a reduction of reported interest income. No additional interest is accrued on the loan balance until the collection of both principal and interest becomes reasonably certain. The following tables summarize by class our loans classified as past due in excess of 30 days or more in addition to those loans classified as nonaccrual including PCI loans. March 31, 2020 Past Due Past Due 90 Days Total 30 to 89 or More Past Due, Days and and Still Non Non accrual Total ($ in thousands) Accruing Accruing accrual PCI and PCI Loans Commercial, financial and agriculture $ 1,385 $ 23 $ 1,989 $ 80 $ 3,477 $ 327,979 Commercial real estate 9,664 582 22,123 3,498 35,867 1,388,925 Consumer real estate 10,960 1,772 2,128 7,704 22,564 821,432 Consumer installment 328 15 224 5 572 42,208 Lease financing receivable — — — — — 3,526 Obligations of states and subdivisions — — — — — 18,218 Total $ 22,337 $ 2,392 $ 26,464 $ 11,287 $ 62,480 $ 2,602,288 December 31, 2019 Past Due 90 Days Total Past Due or More Past Due, 30 to 89 and Still Non Non accrual Total ($ in thousands) Days Accruing accrual PCI and PCI Loans Commercial, financial and agriculture $ 515 $ 61 $ 2,137 $ 97 $ 2,810 $ 332,600 Commercial real estate 2,447 1,046 22,441 3,844 29,778 1,387,207 Consumer real estate 4,569 1,608 1,902 8,148 16,227 814,282 Consumer installment 226 — 260 6 492 42,458 Lease financing receivable — — — — — 3,095 Obligations of states and subdivisions — — — — — 20,716 Total $ 7,757 $ 2,715 $ 26,740 $ 12,095 $ 49,307 $ 2,600,358 We acquired loans with deteriorated credit quality in 2014, 2017, 2018 and 2019. These loans were recorded at estimated fair value at the acquisition date with no carryover of the related allowance for loan losses. The acquired loans were segregated as of the acquisition date between those considered to be performing (acquired non-impaired loans) and those with evidence of credit deterioration (purchased credit impaired loans). Acquired loans are considered to be impaired if it is probable, based on current available information, that the Company will be unable to collect all cash flows as expected. If expected cash flows cannot reasonably be estimated as to what will be collected, there will not be any interest income recognized on these loans. The following presents information regarding the contractually required payments receivable, cash flows expected to be collected and the estimated fair value of PCI loans acquired in the acquisitions from 2019 . ($ in thousands) FPB FFB Total Contractually required payments at acquisition $ 4,715 $ 947 $ 5,662 Cash flows expected to be collected at acquisition 4,295 955 5,250 Fair value of loans at acquisition 3,916 809 4,725 Total outstanding purchased credit impaired loans were $13.1 million and the related purchase accounting discount was $3.6 million as of March 31, 2020, and $14.6 million and $3.3 million as of December 31, 2019, respectively. The outstanding balance of these loans is the undiscounted sum of all amounts, including amounts deemed principal, interest, fees, penalties, and other under the loans, owed at the reporting date, whether or not currently due and whether or not any such amounts have been charged off. Changes in the carrying amount and accretable yield for purchased credit impaired loans were as follows at March 31, 2020 and 2019 ($ in thousands): March 31, 2020 March 31, 2019 Accretable Accretable Yield Yield Balance at beginning of period $ 3,417 $ 3,835 Additions, including transfers from non-accretable 337 427 Accretion (148) (275) Balance at end of period $ 3,606 $ 3,987 The following tables provide detail of impaired loans broken out according to class as of March 31, 2020 and December 31, 2019. The following tables do not include PCI loans. The recorded investment included in the following table represents customer balances net of any partial charge-offs recognized on the loans, net of any deferred fees and costs. Recorded investment excludes any insignificant amount of accrued interest receivable on loans 90-days or more past due and still accruing. The unpaid balance represents the recorded balance prior to any partial charge-offs. March 31, 2020 Average Interest Recorded Income Recorded Unpaid Related Investment Recognized ($ in thousands) Investment Balance Allowance YTD YTD Impaired loans with no related allowance: Commercial, financial and agriculture $ 262 $ 265 $ — $ 160 $ — Commercial real estate 13,089 13,210 — 13,322 1 Consumer real estate 704 760 — 623 2 Consumer installment 12 12 — 17 — Total $ 14,067 $ 14,247 $ — $ 14,122 $ 3 Impaired loans with a related allowance: Commercial, financial and agriculture $ 2,238 $ 2,238 $ 1,011 $ 2,336 $ 5 Commercial real estate 12,007 12,076 2,845 12,217 30 Consumer real estate 682 707 114 661 4 Consumer installment 232 232 65 246 — Total $ 15,159 $ 15,253 $ 4,035 $ 15,460 $ 39 Total impaired loans: Commercial, financial and agriculture $ 2,500 $ 2,503 $ 1,011 $ 2,496 $ 5 Commercial real estate 25,096 25,286 2,845 25,539 31 Consumer real estate 1,386 1,467 114 1,284 6 Consumer installment 244 244 65 263 — Total Impaired Loans $ 29,226 $ 29,500 $ 4,035 $ 29,582 $ 42 As of March 31, 2020, the Company had $1.3 million of foreclosed residential real estate property obtained by physical possession and $1.6 million of consumer mortgage loans secured by residential real estate properties for which foreclosure proceedings are in process according to local jurisdictions. December 31, 2019 Average Interest Recorded Income Recorded Unpaid Related Investment Recognized ($ in thousands) Investment Balance Allowance YTD YTD Impaired loans with no related allowance: Commercial, financial and agriculture $ 59 $ 62 $ — $ 294 $ 7 Commercial real estate 13,556 13,671 — 10,473 591 Consumer real estate 542 594 — 2,173 — Consumer installment 21 21 — 23 — Total $ 14,178 $ 14,348 $ — $ 12,963 $ 598 Impaired loans with a related allowance: Commercial, financial and agriculture $ 2,434 $ 2,434 $ 1,182 $ 2,039 $ 13 Commercial real estate 12,428 12,563 3,021 10,026 49 Consumer real estate 639 657 141 560 3 Consumer installment 260 260 80 164 2 Total $ 15,761 $ 15,914 $ 4,424 $ 12,789 $ 67 Total impaired loans: Commercial, financial and agriculture $ 2,493 $ 2,496 $ 1,182 $ 2,333 $ 20 Commercial real estate 25,984 26,234 3,021 20,499 640 Consumer real estate 1,181 1,251 141 2,733 3 Consumer installment 281 281 80 187 2 Total Impaired Loans $ 29,939 $ 30,262 $ 4,424 $ 25,752 $ 665 The cash basis interest earned in the chart above is materially the same as the interest recognized during impairment for period ended March 31, 2020 and December 31, 2019. The gross interest income that would have been recorded in the period that ended if the nonaccrual loans had been current in accordance with their original terms and had been outstanding throughout the period or since origination, if held for part of the three months ended March 31, 2020, was $377 thousand. The Company had no loan commitments to borrowers in nonaccrual status at March 31, 2020 and December 31, 2019. Troubled Debt Restructuring If the Company grants a concession to a borrower in financial difficulty, the loan is classified as a troubled debt restructuring (“TDR”). The following table presents loans by class modified as troubled debt restructurings (TDRs) that occurred during the three months ended March 31, 2020 and 2019 ($ in thousands, except for number of loans). Three Months Ended Outstanding Outstanding Recorded Recorded Number of Investment Investment 2020 Loans Pre-Modification Post-Modification Commercial, financial and agriculture 1 $ 12 $ 12 Commercial real estate 2 738 734 Residential real estate — — — Consumer installment — — — Total 3 $ 750 $ 746 2019 Commercial, financial and agriculture 1 $ 175 $ 175 Commercial real estate 1 10 10 Residential real estate 1 81 80 Consumer installment — — — Total 3 $ 266 $ 265 The TDRs presented above increased the allowance for loan losses $37 thousand and $47 thousand and resulted in no charge-offs for the quarter ended March 31, 2020 and 2019, respectively. The balance of TDRs decreased $900 thousand to $31.1 million at March 31, 2020 compared to $32.0 million at December 31, 2019. As of March 31, 2020, the Company had no additional amount committed on any loan classified as TDR. The following table presents loans by class modified as troubled debt restructurings for which there was a payment default within twelve months following the modification ($ in thousands, except for number of loans). March 31, 2020 March 31, 2019 Troubled Debt Restructurings Number of Recorded Number of Recorded That Subsequently Defaulted: Loans Investment Loans Investment Commercial, financial and agriculture 10 $ 15,841 13 $ 4,339 The modifications described above included one of the following or a combination of the following: maturity date extensions, interest only payments, amortizations were extended beyond what would be available on similar type loans, and payment waiver. No interest rate concessions were given on these nor were any of these loans written down. The TDRs presented above increased the allowance for loan losses and resulted in no charge-offs for the quarter ended March 31, 2020 and 2019. The following tables represents the Company’s TDRs at March 31, 2020 and December 31, 2019: Past Due 90 March 31, 2020 Current Past Due days and still ($in thousands) Loans 30-89 accruing Nonaccrual Total Commercial, financial and agriculture $ 129 $ 454 $ — $ 1,494 $ 2,077 Commercial real estate 4,314 99 109 19,569 24,091 Consumer real estate 1,693 274 58 2,864 4,889 Consumer installment 35 — — — 35 Total $ 6,171 $ 827 $ 167 $ 23,927 $ 31,092 Allowance for loan losses $ 124 $ — $ — $ 2,247 $ 2,371 Past Due 90 December 31, 2019 Current Past Due days and still ($in thousands) Loans 30-89 accruing Nonaccrual Total Commercial, financial and agriculture $ 583 $ 64 $ — $ 1,062 $ 1,709 Commercial real estate 4,299 809 109 19,991 25,208 Consumer real estate 1,905 112 58 2,940 5,015 Consumer installment 37 — — — 37 Total $ 6,824 $ 985 $ 167 $ 23,993 $ 31,969 Allowance for loan losses $ 128 $ — $ — $ 1,997 $ 2,125 Credit Quality Indicators The Company categorizes loans into risk categories based on relevant information about the ability of borrowers to service their debt, such as current financial information, historical payment experience, credit documentation, public information, and current economic trends, among other factors. The Company uses the following definitions for risk ratings, which are consistent with the definitions used in supervisory guidance: Pass : Loan classified as pass are deemed to possess average to superior credit quality, requiring no more than normal attention. Special Mention : Loans classified as special mention have a potential weakness that deserves management's close attention. If left uncorrected, these potential weaknesses may result in deterioration of the repayment prospects for the loan or of the Company’s credit position at some future date. Substandard : Loans classified as substandard are inadequately protected by the current net worth and paying capacity of the obligor or of the collateral pledged, if any. Loans so classified have a well-defined weakness or weaknesses that jeopardize the liquidation of the debt. They are characterized by the distinct possibility that the institution will sustain some loss if the deficiencies are not corrected. Doubtful : Loans classified as doubtful have all the weaknesses inherent in those classified as substandard, with the added characteristic that the weaknesses make collection or liquidation in full, on the basis of currently existing facts, conditions, and values, highly questionable and improbable. As of March 31, 2020 and December 31, 2019, and based on the most recent analysis performed, the risk category of loans by class of loans (excluding mortgage loans held for sale) was as follows: March 31, 2020 Commercial, Commercial Consumer Financial and Real Real Consumer ($ in thousands) Agriculture Estate Estate Installment Total Pass $ 330,739 $ 1,646,868 $ 496,926 $ 36,033 $ 2,510,566 Special Mention 3,351 11,399 1,001 19 15,770 Substandard 10,499 53,517 13,052 379 77,447 Doubtful 13 75 - - 88 Subtotal $ 344,602 $ 1,711,859 $ 510,979 $ 36,431 $ 2,603,871 Less: Unearned Discount — 1,583 — — 1,583 Loans, net of unearned discount $ 344,602 $ 1,710,276 $ 510,979 $ 36,431 $ 2,602,288 December 31, 2019 Commercial, Commercial Consumer Financial and Real Real Consumer ($ in thousands) Agriculture Estate Estate Installment Total Pass $ 327,205 $ 1,645,496 $ 499,426 $ 41,008 $ 2,513,135 Special Mention 3,493 8,876 1,194 21 13,584 Substandard 10,972 50,554 13,244 397 75,167 Doubtful 16 77 - - 93 Subtotal $ 341,686 $ 1,705,003 $ 513,864 $ 41,426 $ 2,601,979 Less: Unearned Discount — 1,621 — — 1,621 Loans, net of unearned discount $ 341,686 $ 1,703,382 $ 513,864 $ 41,426 $ 2,600,358 Allowance for Loan Losses The following table presents the activity in the allowance for loan losses by portfolio segment for the quarter ended March 31, 2020 and 2019: Three months ended March 31, 2020 Commercial, Commercial Consumer Installment Financial and Real Real and ($ in thousands) Agriculture Estate Estate Other Unallocated Total Allowance for loan losses: Beginning balance $ 3,043 $ 8,836 $ 1,694 $ 296 $ 39 $ 13,908 Provision for loan losses 1,446 4,523 1,106 66 (39) 7,102 Loans charged-off (99) (333) (9) (59) — (500) Recoveries 76 69 49 100 — 294 Total ending allowance balance $ 4,466 $ 13,095 $ 2,840 $ 403 $ — $ 20,804 Three months ended March 31, 2019 Commercial, Commercial Consumer Installment Financial and Real Real and ($ in thousands) Agriculture Estate Estate Other Unallocated Total Allowance for loan losses: Beginning balance $ 2,060 $ 6,258 $ 1,743 $ 201 $ (197) $ 10,065 Provision for loan losses (490) 1,003 (1,516) 1,929 197 1,123 Loans charged-off (4) — (42) (29) — (75) Recoveries 13 10 19 80 — 122 Total ending allowance balance $ 1,579 $ 7,271 $ 204 $ 2,181 $ — $ 11,235 The following tables provide the ending balances in the Company’s loans (excluding mortgage loans held for sale) and allowance for loan losses, broken down by portfolio segment as of March 31, 2020 and December 31, 2019. The tables also provide additional detail as to the amount of our loans and allowance that correspond to individual versus collective impairment evaluation. The impairment evaluation corresponds to the Company’s systematic methodology for estimating its Allowance for Loan Losses. March 31, 2020, Commercial Financial Installment and Commercial Consumer and Agriculture Real Estate Real Estate Other Unallocated Total Loans Individually evaluated $ 2,500 $ 25,095 $ 1,386 $ 244 $ — $ 29,225 Collectively evaluated 341,933 1,729,239 449,052 36,156 — 2,556,380 PCI Loans 169 9,575 6,908 31 — 16,683 Total $ 344,602 $ 1,763,909 $ 457,346 $ 36,431 $ — $ 2,602,288 Allowance for Loan Losses Individually evaluated $ 1,010 $ 2,845 $ 114 $ 65 $ — $ 4,034 Collectively evaluated 3,456 10,250 2,726 338 — 16,770 Total $ 4,466 $ 13,095 $ 2,840 $ 403 $ — $ 20,804 December 31, 2019, Commercial Financial Installment and Commercial Consumer and Agriculture Real Estate Real Estate Other Unallocated Total Loans Individually evaluated $ 2,493 $ 25,984 $ 1,181 $ 281 $ — $ 29,939 Collectively evaluated 339,003 1,773,934 398,471 41,112 — 2,552,520 PCI Loans 191 10,471 7,204 33 — 17,899 Total $ 341,687 $ 1,810,389 $ 406,856 $ 41,426 $ — $ 2,600,358 Allowance for Loan Losses Individually evaluated $ 1,182 $ 3,021 $ 141 $ 80 $ — $ 4,424 Collectively evaluated 1,861 5,815 1,553 216 39 9,484 Total $ 3,043 $ 8,836 $ 1,694 $ 296 $ 39 $ 13,908

REVENUE FROM CONTRACTS WITH CUS

REVENUE FROM CONTRACTS WITH CUSTOMERS	3 Months Ended
	Mar. 31, 2020
REVENUE FROM CONTRACTS WITH CUSTOMERS
REVENUE FROM CONTRACTS WITH CUSTOMERS	NOTE 11 – REVENUE FROM CONTRACTS WITH CUSTOMERS All of the Company’s revenue from contracts with customers within the scope of ASC 606 is recognized within non-interest income. The guidance does not apply to revenue associated with financial instruments, including loans and investment securities that are accounted for under other GAAP, which comprise a significant portion of our revenue stream. A description of the Company’s revenue streams accounted for under ASC 606 is as follows: Service Charges on Deposit Accounts : The Company earns fees from deposit customers for transaction-based, account maintenance, and overdraft services. Transaction-based fees, which include services such as ATM use fees, stop payment charges, statement rendering, and ACH fees, are recognized at the time the transaction is executed at the point in the time the Company fulfills the customer’s request. Account maintenance fees, which relate primarily to monthly maintenance, are earned over the course of a month, representing the period over which the Company satisfies the performance obligation. Overdraft fees are recognized at the point in time that the overdraft occurs. Service charges on deposits are withdrawn from the customer’s account balance. Interchange Income : The Company earns interchange fees from debit and credit card holder transactions conducted through various payment networks. Interchange fees from cardholder transactions represent a percentage of the underlying transaction value and are recognized daily, concurrently with the transaction processing services provided by the cardholder. Gains/Losses on Sales of OREO : The Company records a gain or loss from the sale of OREO when control of the property transfers to the buyer, which generally occurs at the time of an executed deed. When the Company finances the sale of OREO to the buyer, the Company assesses whether the buyer is committed to perform their obligations under the contract and whether the collectability of the transaction prices is probable. Once these criteria are met, the OREO asset is derecognized and the gain or loss on sale is recorded upon the transfer of control of the property to the buyer. In determining the gain or loss on the sale, the Company adjusts the transaction price and related gain (loss) on sale if a significant financing component is present. All of the Company’s revenue from contracts with customers in the scope of ASC 606 is recognized within non-interest income. revenue, by operating segments, for the three months ended March 31, 2020 and 2019. Items outside the scope of ASC 606 are noted as such. Three Months Ended March 31, 2020 Three Months Ended March 31, 2019 Commercial/ Mortgage Commercial/ Mortgage Retail Banking Holding Retail Banking Holding ($in thousands) Bank Division Company Total Bank Division Company Total Non-interest income Service charges on deposits Overdraft fees $ 1,055 $ — $ — $ 1,055 $ 974 $ — $ — $ 974 Other 859 1 — 860 857 1 — 858 Interchange income 1,986 — — 1,986 1,652 — — 1,652 Investment brokerage fees 102 — — 102 9 — — 9 Net gains (losses) on OREO (224) — — (224) (10) — — (10) Net gains (losses) on sales of securities (a) 174 — — 174 (38) — — (38) Other 939 1,566 16 2,521 956 908 245 2,109 Total non-interest income $ 4,891 $ 1,567 $ 16 $ 6,474 $ 4,400 $ 909 $ 245 $ 5,554 (a) Not within scope of ASC 606

LEASES

LEASES	3 Months Ended
	Mar. 31, 2020
LEASES
LEASES	NOTE 12 – LEASES The Company enters into leases in the normal course of business primarily for financial centers, back office operations locations and business development offices. The Company’s leases have remaining terms ranging from 1 to 11 years. The Company includes lease extension and termination options in the lease term if, after considering relevant economic factors, it is reasonably certain the Company will exercise the option. In addition, the Company has elected to account for any non-lease components in its real estate leases as part of the associated lease component. The Company has also elected not to recognize leases with original lease terms of 12 months or less (short-term leases) on the Company’s balance sheet. Leases are classified as operating or finance leases at the lease commencement date. Leases in which we are the lessee are recorded as a right-of-use assets and lease liabilities, which are included in premises and equipment and other liabilities, respectively, on our consolidated balance sheets. Lease expense for leases and short-term leases is recognized on a straight-line basis over the lease term, and is recorded in net occupancy and equipment expense in the consolidated statements of income and other comprehensive income. Right-of-use assets represent our right to use an underlying asset for the lease term and lease liabilities represent our obligation to make lease payments arising from the lease. Right-of-use assets and lease liabilities are recognized at the lease commencement date and based on the estimated present value of lease payments over the lease term. The Company uses its incremental borrowing rate at lease commencement to calculate the present value of lease payments when the rate implicit in a lease is not known. The Company’s incremental borrowing rate is based on the FHLB amortizing advance rate, adjusted for the lease term and other factors . Right-of-use assets and lease liabilities relating to the Company’s operating and finance leases are as follows at March 31, 2020 and 2019 ($ in thousands). Three months ended Three months ended March 31, 2020 March 31, 2019 Right-of-use assets: Operating leases $ 6,141 $ 3,595 Finance leases 2,841 — Total right-of-use assets $ 8,952 $ 3,595 Lease liabilities: Operating lease $ 6,141 $ 3,595 Finance lease 2,419 — Total lease liabilities $ 8,560 $ 3,595 The table below summarizes our net lease costs ($in thousands): Three months ended Three months ended March 31, 2020 March 31, 2019 Operating lease cost $ 378 $ 122 Finance lease cost: Interest on lease liabiltiies 2 — Amortization of right-of-use 2 — Net lease cost $ 382 $ 122 The table below summarizes other information related to our operating leases: Three months Three months ended March 31, ended March 31, 2020 2019 Weighted average remaining lease term Operating leases 4.9 years 6.5 years Finance leases 11.7 years — Weighted average discount rate Operating leases 2.5 % 3.1 % Finance leases 2.3 % — The table below summarizes the maturity of remaining lease liabilities at March 31, 2020 and 2019 ($in thousands): Three months ended March 31, 2020 Operating Leases Finance Leases Remaining 2020 $ 1,222 $ 143 2021 1,527 175 2022 1,359 220 2023 844 220 2024 631 220 Thereafter 985 1,698 Total lease payments $ 6,568 2,676 Less: Interest (427) (257) Present value of lease liabilities $ 6,141 $ 2,419 Three months ended March 31, 2019 Operating Leases Finance Leases Remaining 2019 $ 562 — 2020 715 — 2021 584 — 2022 541 — 2023 513 — Thereafter 1,088 — Total lease payments $ 4,003 — Less: Interest (408) — Present value of lease liabilities $ 3,595 —

SUBSEQUENT EVENTS_OTHER

SUBSEQUENT EVENTS/OTHER	3 Months Ended
	Mar. 31, 2020
SUBSEQUENT EVENTS/OTHER
SUBSEQUENT EVENTS/OTHER	NOTE 13 – SUBSEQUENT EVENTS/OTHER On April 3, 2020, the Company completed its acquisition of Southwest Georgia Financial Corporation (“SWG”), and immediately thereafter merged its wholly-owned subsidiary, Southwest Georgia Bank, with and into The First. The Company paid total consideration of approximately $47.9 million to the former SWG shareholders including 2,546,967 shares of the Company’s common stock and approximately $2 thousand in cash. At March 31, 2020, SWG had $555.3 million in total assets, $391.1 million in loans and $472.9 million in deposits. The COVID-19 pandemic is having, and will likely continue to have, significant effects on global markets, supply chains, businesses and communities. COVID-19 is likely to impact the Company’s future financial condition and result of operations including but not limited to additional credit loss reserves, additional collateral and/or modifications to debt obligations, liquidity, limited dividend payouts or potential shortages of personnel. The following estimates are particularly subject to change in the near term due to the impact of COVID-19: the allowance for loan losses and valuation of goodwill. As of April 24, 2020, we have approximately 1,660 PPP loans approved through the SBA for $199.3 million and have processed payment modifications on 926 loans with principal balances of $401.5 million, representing 15% of total portfolio dollars. Management continues to take appropriate actions to mitigate the negative impact the virus has on the Company, including restricting employee travel, directing employees to work remotely, cancelling in-person meetings and implementing our business continuity plans and protocols to the extent necessary. However, the full impact of COVID-19 is unknown and cannot be reasonably estimated as these events are still developing.

RECLASSIFICATION

RECLASSIFICATION	3 Months Ended
	Mar. 31, 2020
RECLASSIFICATION
RECLASSIFICATION	NOTE 14 – RECLASSIFICATION Certain amounts in the 2019 financial statements have been reclassified for comparative purposes to conform to the current period financial statement presentation.

BUSINESS COMBINATIONS (Tables)

BUSINESS COMBINATIONS (Tables)	3 Months Ended
	Mar. 31, 2020
Business Acquisition, Pro Forma Information	The following unaudited pro-forma financial data for the three months ended March 31, 2020 and 2019 presents supplemental information as if the FPB and FFB acquisitions had occurred on January 1, 2019. The pro-forma financial information is not necessarily indicative of the results of operations had the acquisitions been effective as of these dates. Pro-Forma Pro-Forma Three months Three months ended ended March 31, March 31, ($ in thousands) 2020 2019 (unaudited) (unaudited) Net interest income $ 34,065 $ 34,705 Non-interest income 6,474 6,313 Total revenue 40,539 41,018 Income before income taxes 10,739 18,002
First Florida Bancorp, Inc [Member]
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed	The following table summarizes the provisional fair values of the assets acquired and liabilities assumed on November 1, 2019 ($ in thousands): Purchase price: Cash and stock $ 89,520 Total purchase price 89,520 Identifiable assets: Cash and due from banks 50,169 Investments 122,084 Loans 247,263 Core deposit intangible 3,745 Personal and real property 4,991 Other assets 2,283 Total assets 430,535 Liabilities and equity: Deposits 373,908 Borrowed funds 5,527 Other liabilities 1,619 Total liabilities 381,054 Net assets acquired 49,481 Goodwill resulting from acquisition $ 40,039
Business Combination, Separately Recognized Transactions	The outstanding principal balance and the carrying amount of these loans included in the consolidated balance sheets as of the date of acquisition and at March 31, 2020, are as follows ($ in thousands): November 1, 2019 March 31,2020 Outstanding principal balance $ 248,916 $ 233,392 Carrying amount 247,263 232,082
FPB
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed	The following table summarizes the finalized fair values of the assets acquired and liabilities assumed on March 2, 2019 ($ in thousands): Measurement As Initially Period Reported Adjustments As Adjusted Identifiable assets: Cash and due from banks $ 14,748 $ — $ 14,748 Investments 93,604 — 93,604 Loans 244,665 — 244,665 Bank owned life insurance 7,312 — 7,312 Core deposit intangible 4,793 1,804 6,597 Personal and real property 17,358 — 17,358 Other assets 1,430 (278) 1,152 Total assets 383,910 $ 1,526 385,436 Liabilities and equity: Deposits 312,453 — 312,453 Borrowed funds 17,250 — 17,250 Other liabilities 6,291 — 6,291 Total liabilities 335,994 — 335,994 Net assets acquired 47,916 1,526 49,442 Consideration paid 78,225 — 78,225 Goodwill resulting from acquisition $ 30,309 $ 1,526 $ 28,783
Business Combination, Separately Recognized Transactions	The outstanding principal balance and the carrying amount of these loans included in the consolidated balance sheets as of the date of acquisition and at March 31, 2020, are as follows ($ in thousands): March 2, 2019 March 31, 2020 Outstanding principal balance $ 247,774 $ 180,070 Carrying amount 244,665 178,186

EARNINGS APPLICABLE TO COMMON_2

EARNINGS APPLICABLE TO COMMON STOCKHOLDERS (Tables)	3 Months Ended
	Mar. 31, 2020
EARNINGS APPLICABLE TO COMMON STOCKHOLDERS
Reconciliation of Numerators and Denominators of Basic and Diluted Computations Applicable to Common Stockholders	The following tables disclose the reconciliation of the numerators and denominators of the basic and diluted computations applicable to common stockholders ($ in thousands, except per share amount): For the Three Months Ended March 31, 2020 Net Income Shares Per (Numerator) (Denominator) Share Data Basic earnings per share $ 8,311 18,818,115 $ 0.44 Effect of dilutive shares: Restricted stock grants 124,014 Diluted earnings per share $ 8,311 18,942,129 $ 0.44 For the Three months ended March 31, 2019 Net Income Shares Per (Numerator) (Denominator) Share Data Basic earnings per share $ 7,635 15,646,476 $ 0.49 Effect of dilutive shares: Restricted stock grants 124,146 Diluted earnings per share $ 7,635 15,770,622 $ 0.48

FINANCIAL INSTRUMENTS WITH OF_2

FINANCIAL INSTRUMENTS WITH OFF-BALANCE-SHEET RISK (Tables)	3 Months Ended
	Mar. 31, 2020
FINANCIAL INSTRUMENTS WITH OFF-BALANCE-SHEET RISK
Schedule of financial instruments with off-balance-sheet risk	The Company is a party to financial instruments with off-balance-sheet risk in the normal course of business to meet the financing needs of its customers. At March 31, 2020, and December 31, 2019, these financial instruments consisted of the following: March 31, 2020 December 31, 2019 ($ in thousands) Fixed Rate Variable Rate Fixed Rate Variable Rate Commitments to make loans $ 39,351 $ 5,723 $ 42,774 $ 5,676 Unused lines of credit 120,335 180,732 137,966 208,728 Standby letters of credit 2,425 9,917 3,648 8,475

FAIR VALUE DISCLOSURES AND RE_2

FAIR VALUE DISCLOSURES AND REPORTING, THE FAIR VALUE OPTION AND FAIR VALUE MEASUREMENTS (Tables)	3 Months Ended
	Mar. 31, 2020
FAIR VALUE DISCLOSURES AND REPORTING, THE FAIR VALUE OPTION AND FAIR VALUE MEASUREMENTS
Schedule of estimated fair values	Estimated fair values for the Company’s financial instruments are as follows, as of the dates noted: As of March 31, 2020 Fair Value Measurements Significant Other Significant Observable Unobservable Carrying Estimated Quoted Prices Inputs Inputs ($ in thousands) Amount Fair Value (Level 1) (Level 2) (Level 3) Financial Instruments: Assets: Cash and cash equivalents $ 286,759 $ 286,759 $ 286,759 $ — $ — Securities available-for- sale: U.S. Treasury 5,308 5,308 5,308 Obligations of U.S. government agencies and sponsored entities 72,880 72,880 — 72,880 — Municipal securities 274,163 274,163 — 254,981 19,182 Mortgage- backed securities 382,900 382,900 — 382,900 — Corporate obligations 27,726 27,726 — 27,215 511 Loans, net 2,594,772 2,573,942 — — 2,573,942 Accrued interest receivable 14,943 14,943 — 3,995 10,948 Liabilities: Non-interest-bearing deposits $ 340,606 $ 340,606 $ — $ 340,606 $ — Interest-bearing deposits 2,937,188 2,946,069 — 2,946,069 — Subordinated debentures 80,717 69,037 — — 69,037 FHLB and other borrowings 116,180 116,180 — 116,180 — Accrued interest payable 2,885 2,885 — 2,885 — As of December 31, 2019 Fair Value Measurements Significant Other Significant Quoted Observable Unobservable Carrying Estimated Prices Inputs Inputs ($ in thousands) Amount Fair Value (Level 1) (Level 2) (Level 3) Financial Instruments: Assets: Cash and cash equivalents $ 168,864 $ 168,864 $ 168,864 $ — $ — Securities available-for-sale: U.S. Treasury 4,894 4,894 4,894 Obligations of U.S. Government agencies and sponsored entities 77,950 77,950 — 77,950 — Municipal securities 258,982 258,982 — 248,637 10,345 Mortgage-backed securities 395,315 395,315 — 395,315 — Corporate obligations 27,946 27,946 — 27,538 408 Loans, net 2,597,260 2,560,668 — — 2,560,668 Accrued interest receivable 14,802 14,802 — 4,246 10,556 Liabilities: Non-interest-bearing deposits $ 723,208 $ 723,208 $ — $ 723,208 $ — Interest-bearing deposits 2,353,325 2,339,537 — 2,339,537 — Subordinated debentures 80,678 80,330 — — 80,330 FHLB and other borrowings 214,319 214,319 — 214,319 — Accrued interest payable 2,508 2,508 — 2,508 —
Schedule of assets measured at fair value on a recurring basis	Assets measured at fair value on a recurring basis are summarized below: March 31, 2020 Fair Value Measurements Using Quoted Prices in Active Markets Significant For Other Significant Identical Observable Unobservable Assets Inputs Inputs ($ in thousands) Fair Value (Level 1) (Level 2) (Level 3) Available-for-sale U.S. Treasury $ 5,308 $ 5,308 $ — $ — Obligations of U. S. Government agencies and sponsored entities 72,880 — 72,880 — Municipal securities 274,163 — 254,981 19,182 Mortgage-backed securities 382,900 — 382,900 — Corporate obligations 27,726 — 27,215 511 Total available-for-sale $ 762,977 $ 5,308 $ 737,976 $ 19,693 December 31, 2019 Fair Value Measurements Using Quoted Prices in Active Markets Significant For Other Significant Identical Observable Unobservable Assets Inputs Inputs ($ in thousands) Fair Value (Level 1) (Level 2) (Level 3) Available-for-sale U.S. Treasury $ 4,894 $ 4,894 $ — $ — Obligations of U. S. Government agencies and sponsored entities 77,950 — 77,950 — Municipal securities 258,982 — 248,637 10,345 Mortgage-backed securities 395,315 — 395,315 — Corporate obligations 27,946 — 27,538 408 Total available-for-sale $ 765,087 $ 4,894 $ 749,440 $ 10,753
Schedule of reconciliation of activity for assets measured at fair value	The following is a reconciliation of activity for assets measured at fair value based on significant unobservable inputs (Level 3) information. Bank-Issued Trust Preferred Securities ($ in thousands) 2020 2019 Balance, January 1 $ 408 $ 874 Unrealized (loss)/gain included in comprehensive income 103 (466) Balance at March 31, 2020 and December 31, 2019 $ 511 $ 408 Municipal Securities ($ in thousands) 2020 2019 Balance, January 1 $ 10,345 $ 7,574 Unrealized (loss)/gain included in comprehensive income 8,837 2,771 Balance at March 31, 2020 and December 31, 2019 $ 19,182 $ 10,345
Schedule of quantitative information about recurring Level 3 fair value measurements	The following methods and assumptions were used to estimate the fair values of the Company's assets measured at fair value on a recurring basis at March 31, 2020 and December 31, 2019. The following tables present quantitative information about recurring Level 3 fair value measurements ($in thousands): Significant Fair Valuation Unobservable Range of Trust Preferred Securities Value Technique Inputs Inputs March 31, 2020 $ 511 Discounted cash flow Probability of default 1.74% - 3.30% December 31, 2019 $ 408 Discounted cash flow Probability of default 2.73% - 4.15% Significant Fair Valuation Unobservable Range of Municipal Securities Value Technique Inputs Inputs March 31, 2020 $ 19,182 Discounted cash flow Discount Rate 1.85% - 3.50% December 31, 2019 $ 10,345 Discounted cash flow Discount Rate 1.50% - 4.40%
Schedule of fair value measurement of assets measured at fair value on a non-recurring basis and the level within the fair value hierarchy	The following table presents the fair value measurement of assets measured at fair value on a non-recurring basis and the level within the fair value hierarchy in which the fair value measurements were classified at March 31, 2020 and December 31, 2019. March 31, 2020 Fair Value Measurements Using Quoted Prices in Active Markets Significant For Other Significant Identical Observable Unobservable Assets Inputs Inputs ($ in thousands) Fair Value (Level 1) (Level 2) (Level 3) Impaired loans $ 11,124 $ — $ — $ 11,124 Other real estate owned 6,974 — — 6,974 December 31, 2019 Fair Value Measurements Using Quoted Prices in Active Markets Significant For Other Significant Identical Observable Unobservable Assets Inputs Inputs ($ in thousands) Fair Value (Level 1) (Level 2) (Level 3) Impaired loans $ 11,337 $ — $ — $ 11,337 Other real estate owned 7,299 — — 7,299

SECURITIES (Tables)

SECURITIES (Tables)	3 Months Ended
	Mar. 31, 2020
SECURITIES
Schedule of amortized cost and fair value of available-for-sale securities and held-to-maturity securities	A summary of the amortized cost, fair value of available-for-sale securities at March 31, 2020 and December 31, 2019 and the corresponding amounts of gross unrealized gains and losses recognized in accumulated other comprehensive income (loss): March 31, 2020 Gross Gross Amortized Unrealized Unrealized Fair ($ in thousands) Cost Gains Losses Value Available-for-sale securities: U.S. Treasury $ 4,969 $ 339 $ — $ 5,308 Obligations of U.S. government agencies and sponsored entities 70,726 2,216 62 72,880 Tax-exempt and taxable obligations of states and municipal subdivisions 270,385 5,369 1,591 274,163 Mortgage-backed securities - residential 251,134 10,993 80 262,047 Mortgage-backed securities - commercial 115,974 4,976 97 120,853 Corporate obligations 27,838 242 354 27,726 Total $ 741,026 $ 24,135 $ 2,184 $ 762,977 December 31, 2019 Gross Gross Amortized Unrealized Unrealized Fair ($ in thousands) Cost Gains Losses Value Available-for-sale securities: U.S. Treasury $ 4,967 $ — $ 73 $ 4,894 Obligations of U.S. government agencies sponsored entities 76,699 1,475 224 77,950 Tax-exempt and taxable obligations of states and municipal subdivisions 253,527 5,602 147 258,982 Mortgage-backed securities - residential 263,229 4,726 107 267,848 Mortgage-backed securities - commercial 125,292 2,398 223 127,467 Corporate obligations 27,877 218 149 27,946 Total $ 751,591 $ 14,419 $ 923 $ 765,087
Schedule of fair value of debt securities	December 31, 2019 Gross Gross Amortized Unrealized Unrealized Fair ($ in thousands) Cost Gains Losses Value Available-for-sale securities: U.S. Treasury $ 4,967 $ — $ 73 $ 4,894 Obligations of U.S. government agencies sponsored entities 76,699 1,475 224 77,950 Tax-exempt and taxable obligations of states and municipal subdivisions 253,527 5,602 147 258,982 Mortgage-backed securities - residential 263,229 4,726 107 267,848 Mortgage-backed securities - commercial 125,292 2,398 223 127,467 Corporate obligations 27,877 218 149 27,946 Total $ 751,591 $ 14,419 $ 923 $ 765,087 The amortized cost and fair value of debt securities are shown by contractual maturity. Expected maturities may differ from contractual maturities if borrowers have the right to call or prepay obligations with or without call or prepayment penalties. Securities not due at a single maturity date are shown separately. March 31, 2020 December 31, 2019 Available-for-Sale Available-for-Sale Amortized Fair Amortized Fair ($ in thousands) Cost Value Cost Value Due less than one year $ 28,094 $ 28,210 $ 30,141 $ 30,303 Due after one year through five years 86,142 87,617 80,119 81,372 Due after five years through ten years 147,047 150,671 143,811 148,085 Due greater than ten years 112,635 113,579 108,999 110,012 Mortgage-backed securities - residential 251,134 262,047 263,229 267,848 Mortgage-backed securities - commercial 115,974 120,853 125,292 127,467 Total $ 741,026 $ 762,977 $ 751,591 $ 765,087
Schedule of securities classified as available-for-sale with unrealized losses	The details concerning securities classified as available-for-sale with unrealized losses as of March 31, 2020 and December 31, 2019 were as follows: March 31, 2020 Losses < 12 Months Losses 12 Months or > Total Gross Gross Gross Fair Unrealized Fair Unrealized Fair Unrealized ($ in thousands) Value Losses Value Losses Value Losses U.S. Treasury $ — $ — $ — $ — $ — $ — Obligations of U.S government agencies and sponsored entities — — 5,371 62 5,371 62 Tax-exempt and taxable obligations of state and municipal subdivisions 2,571 5 45,504 1,586 48,075 1,591 Mortgage-backed securities - residential — — 4,017 80 4,017 80 Mortgage-backed securities - commercial 4,293 4 12,532 93 16,825 97 Corporate obligations 4,494 6 9,820 348 14,314 354 Total $ 11,358 $ 15 $ 77,244 $ 2,169 $ 88,602 $ 2,184 December 31, 2019 Losses < 12 Months Losses 12 Months or > Total Gross Gross Gross Fair Unrealized Fair Unrealized Fair Unrealized ($ in thousands) Value Losses Value Losses Value Losses U.S. Treasury $ — $ — $ 4,894 $ 73 $ 4,894 $ 73 Obligations of U.S government agencies and sponsored entities — — 22,987 224 22,987 224 Tax-exempt and taxable obligations of state and municipal subdivisions — — 28,235 147 28,235 147 Mortgage-backed securities - residential — — 29,930 107 29,930 107 Mortgage-backed securities - commercial 9,306 16 19,130 207 28,436 223 Corporate obligations 500 — 10,572 149 11,072 149 Total $ 9,806 $ 16 $ 115,748 $ 907 $ 125,554 $ 923

LOANS (Tables)

LOANS (Tables)	3 Months Ended
	Mar. 31, 2020
LOANS
Schedule of Companys tdr	The following tables summarize by class our loans classified as past due in excess of 30 days or more in addition to those loans classified as nonaccrual including PCI loans. March 31, 2020 Past Due Past Due 90 Days Total 30 to 89 or More Past Due, Days and and Still Non Non accrual Total ($ in thousands) Accruing Accruing accrual PCI and PCI Loans Commercial, financial and agriculture $ 1,385 $ 23 $ 1,989 $ 80 $ 3,477 $ 327,979 Commercial real estate 9,664 582 22,123 3,498 35,867 1,388,925 Consumer real estate 10,960 1,772 2,128 7,704 22,564 821,432 Consumer installment 328 15 224 5 572 42,208 Lease financing receivable — — — — — 3,526 Obligations of states and subdivisions — — — — — 18,218 Total $ 22,337 $ 2,392 $ 26,464 $ 11,287 $ 62,480 $ 2,602,288 December 31, 2019 Past Due 90 Days Total Past Due or More Past Due, 30 to 89 and Still Non Non accrual Total ($ in thousands) Days Accruing accrual PCI and PCI Loans Commercial, financial and agriculture $ 515 $ 61 $ 2,137 $ 97 $ 2,810 $ 332,600 Commercial real estate 2,447 1,046 22,441 3,844 29,778 1,387,207 Consumer real estate 4,569 1,608 1,902 8,148 16,227 814,282 Consumer installment 226 — 260 6 492 42,458 Lease financing receivable — — — — — 3,095 Obligations of states and subdivisions — — — — — 20,716 Total $ 7,757 $ 2,715 $ 26,740 $ 12,095 $ 49,307 $ 2,600,358 The following table presents loans by class modified as troubled debt restructurings for which there was a payment default within twelve months following the modification ($ in thousands, except for number of loans). March 31, 2020 March 31, 2019 Troubled Debt Restructurings Number of Recorded Number of Recorded That Subsequently Defaulted: Loans Investment Loans Investment Commercial, financial and agriculture 10 $ 15,841 13 $ 4,339 The following tables represents the Company’s TDRs at March 31, 2020 and December 31, 2019: Past Due 90 March 31, 2020 Current Past Due days and still ($in thousands) Loans 30-89 accruing Nonaccrual Total Commercial, financial and agriculture $ 129 $ 454 $ — $ 1,494 $ 2,077 Commercial real estate 4,314 99 109 19,569 24,091 Consumer real estate 1,693 274 58 2,864 4,889 Consumer installment 35 — — — 35 Total $ 6,171 $ 827 $ 167 $ 23,927 $ 31,092 Allowance for loan losses $ 124 $ — $ — $ 2,247 $ 2,371 Past Due 90 December 31, 2019 Current Past Due days and still ($in thousands) Loans 30-89 accruing Nonaccrual Total Commercial, financial and agriculture $ 583 $ 64 $ — $ 1,062 $ 1,709 Commercial real estate 4,299 809 109 19,991 25,208 Consumer real estate 1,905 112 58 2,940 5,015 Consumer installment 37 — — — 37 Total $ 6,824 $ 985 $ 167 $ 23,993 $ 31,969 Allowance for loan losses $ 128 $ — $ — $ 1,997 $ 2,125
Schedule of Payments receivable	($ in thousands) FPB FFB Total Contractually required payments at acquisition $ 4,715 $ 947 $ 5,662 Cash flows expected to be collected at acquisition 4,295 955 5,250 Fair value of loans at acquisition 3,916 809 4,725
Schedule of credit impaired loans	Changes in the carrying amount and accretable yield for purchased credit impaired loans were as follows at March 31, 2020 and 2019 ($ in thousands): March 31, 2020 March 31, 2019 Accretable Accretable Yield Yield Balance at beginning of period $ 3,417 $ 3,835 Additions, including transfers from non-accretable 337 427 Accretion (148) (275) Balance at end of period $ 3,606 $ 3,987
Schedule of impaired loans	The following tables provide detail of impaired loans broken out according to class as of March 31, 2020 and December 31, 2019. The following tables do not include PCI loans. The recorded investment included in the following table represents customer balances net of any partial charge-offs recognized on the loans, net of any deferred fees and costs. Recorded investment excludes any insignificant amount of accrued interest receivable on loans 90-days or more past due and still accruing. The unpaid balance represents the recorded balance prior to any partial charge-offs. March 31, 2020 Average Interest Recorded Income Recorded Unpaid Related Investment Recognized ($ in thousands) Investment Balance Allowance YTD YTD Impaired loans with no related allowance: Commercial, financial and agriculture $ 262 $ 265 $ — $ 160 $ — Commercial real estate 13,089 13,210 — 13,322 1 Consumer real estate 704 760 — 623 2 Consumer installment 12 12 — 17 — Total $ 14,067 $ 14,247 $ — $ 14,122 $ 3 Impaired loans with a related allowance: Commercial, financial and agriculture $ 2,238 $ 2,238 $ 1,011 $ 2,336 $ 5 Commercial real estate 12,007 12,076 2,845 12,217 30 Consumer real estate 682 707 114 661 4 Consumer installment 232 232 65 246 — Total $ 15,159 $ 15,253 $ 4,035 $ 15,460 $ 39 Total impaired loans: Commercial, financial and agriculture $ 2,500 $ 2,503 $ 1,011 $ 2,496 $ 5 Commercial real estate 25,096 25,286 2,845 25,539 31 Consumer real estate 1,386 1,467 114 1,284 6 Consumer installment 244 244 65 263 — Total Impaired Loans $ 29,226 $ 29,500 $ 4,035 $ 29,582 $ 42 December 31, 2019 Average Interest Recorded Income Recorded Unpaid Related Investment Recognized ($ in thousands) Investment Balance Allowance YTD YTD Impaired loans with no related allowance: Commercial, financial and agriculture $ 59 $ 62 $ — $ 294 $ 7 Commercial real estate 13,556 13,671 — 10,473 591 Consumer real estate 542 594 — 2,173 — Consumer installment 21 21 — 23 — Total $ 14,178 $ 14,348 $ — $ 12,963 $ 598 Impaired loans with a related allowance: Commercial, financial and agriculture $ 2,434 $ 2,434 $ 1,182 $ 2,039 $ 13 Commercial real estate 12,428 12,563 3,021 10,026 49 Consumer real estate 639 657 141 560 3 Consumer installment 260 260 80 164 2 Total $ 15,761 $ 15,914 $ 4,424 $ 12,789 $ 67 Total impaired loans: Commercial, financial and agriculture $ 2,493 $ 2,496 $ 1,182 $ 2,333 $ 20 Commercial real estate 25,984 26,234 3,021 20,499 640 Consumer real estate 1,181 1,251 141 2,733 3 Consumer installment 281 281 80 187 2 Total Impaired Loans $ 29,939 $ 30,262 $ 4,424 $ 25,752 $ 665
Schedule of troubled debt restructurings	The following table presents loans by class modified as troubled debt restructurings (TDRs) that occurred during the three months ended March 31, 2020 and 2019 ($ in thousands, except for number of loans). Three Months Ended Outstanding Outstanding Recorded Recorded Number of Investment Investment 2020 Loans Pre-Modification Post-Modification Commercial, financial and agriculture 1 $ 12 $ 12 Commercial real estate 2 738 734 Residential real estate — — — Consumer installment — — — Total 3 $ 750 $ 746 2019 Commercial, financial and agriculture 1 $ 175 $ 175 Commercial real estate 1 10 10 Residential real estate 1 81 80 Consumer installment — — — Total 3 $ 266 $ 265
Schedule of risk category of loans by class of loans	As of March 31, 2020 and December 31, 2019, and based on the most recent analysis performed, the risk category of loans by class of loans (excluding mortgage loans held for sale) was as follows: March 31, 2020 Commercial, Commercial Consumer Financial and Real Real Consumer ($ in thousands) Agriculture Estate Estate Installment Total Pass $ 330,739 $ 1,646,868 $ 496,926 $ 36,033 $ 2,510,566 Special Mention 3,351 11,399 1,001 19 15,770 Substandard 10,499 53,517 13,052 379 77,447 Doubtful 13 75 - - 88 Subtotal $ 344,602 $ 1,711,859 $ 510,979 $ 36,431 $ 2,603,871 Less: Unearned Discount — 1,583 — — 1,583 Loans, net of unearned discount $ 344,602 $ 1,710,276 $ 510,979 $ 36,431 $ 2,602,288 December 31, 2019 Commercial, Commercial Consumer Financial and Real Real Consumer ($ in thousands) Agriculture Estate Estate Installment Total Pass $ 327,205 $ 1,645,496 $ 499,426 $ 41,008 $ 2,513,135 Special Mention 3,493 8,876 1,194 21 13,584 Substandard 10,972 50,554 13,244 397 75,167 Doubtful 16 77 - - 93 Subtotal $ 341,686 $ 1,705,003 $ 513,864 $ 41,426 $ 2,601,979 Less: Unearned Discount — 1,621 — — 1,621 Loans, net of unearned discount $ 341,686 $ 1,703,382 $ 513,864 $ 41,426 $ 2,600,358
Schedule of allowance for loan and losses	The following table presents the activity in the allowance for loan losses by portfolio segment for the quarter ended March 31, 2020 and 2019: Three months ended March 31, 2020 Commercial, Commercial Consumer Installment Financial and Real Real and ($ in thousands) Agriculture Estate Estate Other Unallocated Total Allowance for loan losses: Beginning balance $ 3,043 $ 8,836 $ 1,694 $ 296 $ 39 $ 13,908 Provision for loan losses 1,446 4,523 1,106 66 (39) 7,102 Loans charged-off (99) (333) (9) (59) — (500) Recoveries 76 69 49 100 — 294 Total ending allowance balance $ 4,466 $ 13,095 $ 2,840 $ 403 $ — $ 20,804 Three months ended March 31, 2019 Commercial, Commercial Consumer Installment Financial and Real Real and ($ in thousands) Agriculture Estate Estate Other Unallocated Total Allowance for loan losses: Beginning balance $ 2,060 $ 6,258 $ 1,743 $ 201 $ (197) $ 10,065 Provision for loan losses (490) 1,003 (1,516) 1,929 197 1,123 Loans charged-off (4) — (42) (29) — (75) Recoveries 13 10 19 80 — 122 Total ending allowance balance $ 1,579 $ 7,271 $ 204 $ 2,181 $ — $ 11,235
Schedule of loans and allowance for loan losses	March 31, 2020, Commercial Financial Installment and Commercial Consumer and Agriculture Real Estate Real Estate Other Unallocated Total Loans Individually evaluated $ 2,500 $ 25,095 $ 1,386 $ 244 $ — $ 29,225 Collectively evaluated 341,933 1,729,239 449,052 36,156 — 2,556,380 PCI Loans 169 9,575 6,908 31 — 16,683 Total $ 344,602 $ 1,763,909 $ 457,346 $ 36,431 $ — $ 2,602,288 Allowance for Loan Losses Individually evaluated $ 1,010 $ 2,845 $ 114 $ 65 $ — $ 4,034 Collectively evaluated 3,456 10,250 2,726 338 — 16,770 Total $ 4,466 $ 13,095 $ 2,840 $ 403 $ — $ 20,804 December 31, 2019, Commercial Financial Installment and Commercial Consumer and Agriculture Real Estate Real Estate Other Unallocated Total Loans Individually evaluated $ 2,493 $ 25,984 $ 1,181 $ 281 $ — $ 29,939 Collectively evaluated 339,003 1,773,934 398,471 41,112 — 2,552,520 PCI Loans 191 10,471 7,204 33 — 17,899 Total $ 341,687 $ 1,810,389 $ 406,856 $ 41,426 $ — $ 2,600,358 Allowance for Loan Losses Individually evaluated $ 1,182 $ 3,021 $ 141 $ 80 $ — $ 4,424 Collectively evaluated 1,861 5,815 1,553 216 39 9,484 Total $ 3,043 $ 8,836 $ 1,694 $ 296 $ 39 $ 13,908

REVENUE FROM CONTRACTS WITH C_2

REVENUE FROM CONTRACTS WITH CUSTOMERS (Tables)	3 Months Ended
	Mar. 31, 2020
REVENUE FROM CONTRACTS WITH CUSTOMERS
Schedule of revenue from contract with customer by non-interest income	The following table presents the Company’s sources of non-interest income revenue, by operating segments, for the three months ended March 31, 2020 and 2019. Items outside the scope of ASC 606 are noted as such. Three Months Ended March 31, 2020 Three Months Ended March 31, 2019 Commercial/ Mortgage Commercial/ Mortgage Retail Banking Holding Retail Banking Holding ($in thousands) Bank Division Company Total Bank Division Company Total Non-interest income Service charges on deposits Overdraft fees $ 1,055 $ — $ — $ 1,055 $ 974 $ — $ — $ 974 Other 859 1 — 860 857 1 — 858 Interchange income 1,986 — — 1,986 1,652 — — 1,652 Investment brokerage fees 102 — — 102 9 — — 9 Net gains (losses) on OREO (224) — — (224) (10) — — (10) Net gains (losses) on sales of securities (a) 174 — — 174 (38) — — (38) Other 939 1,566 16 2,521 956 908 245 2,109 Total non-interest income $ 4,891 $ 1,567 $ 16 $ 6,474 $ 4,400 $ 909 $ 245 $ 5,554 (a) Not within scope of ASC 606

LEASES (Tables)

LEASES (Tables)	3 Months Ended
	Mar. 31, 2020
LEASES
Schedule of right-of-use assets and lease liabilities relating to the Company's operating and finance leases	Right-of-use assets and lease liabilities relating to the Company’s operating and finance leases are as follows at March 31, 2020 and 2019 ($ in thousands). Three months ended Three months ended March 31, 2020 March 31, 2019 Right-of-use assets: Operating leases $ 6,141 $ 3,595 Finance leases 2,841 — Total right-of-use assets $ 8,952 $ 3,595 Lease liabilities: Operating lease $ 6,141 $ 3,595 Finance lease 2,419 — Total lease liabilities $ 8,560 $ 3,595
Schedule of lease costs	The table below summarizes our net lease costs ($in thousands): Three months ended Three months ended March 31, 2020 March 31, 2019 Operating lease cost $ 378 $ 122 Finance lease cost: Interest on lease liabiltiies 2 — Amortization of right-of-use 2 — Net lease cost $ 382 $ 122
Schedule of information related to leases	Three months Three months ended March 31, ended March 31, 2020 2019 Weighted average remaining lease term Operating leases 4.9 years 6.5 years Finance leases 11.7 years — Weighted average discount rate Operating leases 2.5 % 3.1 % Finance leases 2.3 % —
Schedule of minimum future lease payments	Three months Three months ended March 31, ended March 31, 2020 2019 Weighted average remaining lease term Operating leases 4.9 years 6.5 years Finance leases 11.7 years — Weighted average discount rate Operating leases 2.5 % 3.1 % Finance leases 2.3 % — The table below summarizes the maturity of remaining lease liabilities at March 31, 2020 and 2019 ($in thousands): Three months ended March 31, 2020 Operating Leases Finance Leases Remaining 2020 $ 1,222 $ 143 2021 1,527 175 2022 1,359 220 2023 844 220 2024 631 220 Thereafter 985 1,698 Total lease payments $ 6,568 2,676 Less: Interest (427) (257) Present value of lease liabilities $ 6,141 $ 2,419 Three months ended March 31, 2019 Operating Leases Finance Leases Remaining 2019 $ 562 — 2020 715 — 2021 584 — 2022 541 — 2023 513 — Thereafter 1,088 — Total lease payments $ 4,003 — Less: Interest (408) — Present value of lease liabilities $ 3,595 —

SUMMARY OF ORGANIZATION - Addit

SUMMARY OF ORGANIZATION - Additional information (Details) - USD ($) $ / shares in Units, $ in Thousands	Feb. 21, 2020	Mar. 31, 2020	Mar. 31, 2019	Dec. 31, 2019	Dec. 31, 2018
Disclosure Summary Of Organization Additional Information [Abstract]
Total assets		$ 4,061,801		$ 3,941,863
Loans, including Loans held for sale		2,595,000
Deposits		3,277,794		3,076,533
Stockholders' equity		555,926	$ 454,347	$ 543,658	$ 363,254
NET INCOME		8,311	$ 7,635
Noncash Merger Related Costs		$ 576
Dividends on common stock, per share	$ 0.10

ACCOUNTING STANDARDS (Details)

ACCOUNTING STANDARDS (Details)	Jan. 01, 2020
Minimum [Member]
Summary Of Significant Accounting Policies [Line Items]
Percentage of Total Loans	0.68%
Maximum [Member]
Summary Of Significant Accounting Policies [Line Items]
Percentage of Total Loans	1.39%

BUSINESS COMBINATIONS - Summary

BUSINESS COMBINATIONS - Summary of Acquired Identifiable Assets and Liabilities (Details) - USD ($) $ in Thousands	Nov. 01, 2019	Mar. 02, 2019	Mar. 31, 2020	Dec. 31, 2019
Liabilities and equity:
Cash payments for business acquisition		$ 5
Goodwill resulting from Acquisition			$ 158,572	$ 158,572
FPB
Identifiable assets:
Cash and due from banks		14,748
Investments		93,604
Loans		244,665
Bank owned life insurance		7,312
Core deposit intangible		4,793
Personal and real property		17,358
Other assets		1,430
Total assets		383,910
Liabilities and equity:
Deposits		312,453
Borrowed funds		17,250
Other liabilities		6,291
Total liabilities		335,994
Net assets acquired		47,916
Cash payments for business acquisition		78,225
Goodwill resulting from Acquisition		30,309
FPB | Reported Value Measurement [Member]
Identifiable assets:
Cash and due from banks		14,748
Investments		93,604
Loans		244,665
Bank owned life insurance		7,312
Core deposit intangible		6,597
Personal and real property		17,358
Other assets		1,152
Total assets		385,436
Liabilities and equity:
Deposits		312,453
Borrowed funds		17,250
Other liabilities		6,291
Total liabilities		335,994
Net assets acquired		49,442
Cash payments for business acquisition		78,225
Goodwill resulting from Acquisition		28,783
FPB | Changes Measurement [Member]
Identifiable assets:
Cash and due from banks		0
Investments		0
Loans		0
Bank owned life insurance		0
Core deposit intangible		1,804
Personal and real property		0
Other assets		(278)
Total assets		1,526
Liabilities and equity:
Deposits		0
Borrowed funds		0
Other liabilities		0
Total liabilities		0
Net assets acquired		1,526
Cash payments for business acquisition		0
Goodwill resulting from Acquisition		$ 1,526
First Florida Bancorp, Inc [Member]
Purchase price:
Cash and stock	$ 89,520
Total purchase price	89,520
Identifiable assets:
Cash and due from banks	50,169
Investments	122,084
Loans	247,263
Core deposit intangible	3,745
Personal and real property	4,991
Other assets	2,283
Total assets	430,535
Liabilities and equity:
Deposits	373,908
Borrowed funds	5,527
Other liabilities	1,619
Total liabilities	381,054
Net assets acquired	49,481
Cash payments for business acquisition	34,100
Goodwill resulting from Acquisition	$ 40,039

BUSINESS COMBINATIONS - Outstan

BUSINESS COMBINATIONS - Outstanding Principal Balance and Carrying Amount of Loans (Details) - USD ($) $ in Thousands	Mar. 31, 2020	Dec. 31, 2019	Nov. 01, 2019	Mar. 02, 2019
Outstanding principal balance	$ 13,100	$ 14,600
FPB
Outstanding principal balance	180,070			$ 247,774
Carrying amount	178,186			$ 244,665
First Florida Bancorp, Inc [Member]
Outstanding principal balance	233,392		$ 248,916
Carrying amount	$ 232,082		$ 247,263

BUSINESS COMBINATIONS - Unaudit

BUSINESS COMBINATIONS - Unaudited Supplemental Pro Forma Information for Southwest Banc Shares, Inc. (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Business Acquisition [Line Items]
Total revenue	$ 40,539	$ 41,018
Income before income taxes	10,739	18,002
Net interest income [Member]
Business Acquisition [Line Items]
Total revenue	34,065	34,705
Non Interest Income [Member]
Business Acquisition [Line Items]
Total revenue	$ 6,474	$ 6,313

BUSINESS COMBINATIONS - Additio

BUSINESS COMBINATIONS - Additional Information (Details) - USD ($)	Nov. 01, 2019	Mar. 02, 2019	Mar. 31, 2020
BUSINESS COMBINATIONS
Payments to acquire businesses, gross		$ 5,000
FPB
BUSINESS COMBINATIONS
Business Combination, Consideration Transferred, Equity Interests Issued and Issuable		2,377,501
Payments to acquire businesses, gross		78,225,000
Goodwill, acquired during period		28,800,000
Business Acquisition Purchase Price Allocation Loans Receivable		247,800,000
Business Combination Recognized Assets Acquired and Liabilities Assumed, Discount on Loans Acquired		$ 3,100,000
Business combination, acquisition related costs			$ 63,000
FPB | Core Deposits [Member]
BUSINESS COMBINATIONS
Acquired Finite-lived Intangible Assets, Weighted Average Useful Life		10 years
Finite-lived Intangible Assets Acquired		$ 6,600,000
First Florida Bancorp, Inc [Member]
BUSINESS COMBINATIONS
Business Combination, Consideration Transferred, Equity Interests Issued and Issuable	$ 1,682,889
Payments to acquire businesses, gross	34,100,000
Goodwill, acquired during period	40,000,000
Business Acquisition Purchase Price Allocation Loans Receivable	248,900,000
Business Combination Recognized Assets Acquired and Liabilities Assumed, Discount on Loans Acquired	$ 1,700,000
Business combination, acquisition related costs			$ 443,000
First Florida Bancorp, Inc [Member] | Core Deposits [Member]
BUSINESS COMBINATIONS
Acquired Finite-lived Intangible Assets, Weighted Average Useful Life	10 years
Finite-lived Intangible Assets Acquired	$ 3,700,000

EARNINGS APPLICABLE TO COMMON_3

EARNINGS APPLICABLE TO COMMON STOCKHOLDERS (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
EARNINGS APPLICABLE TO COMMON STOCKHOLDERS
Net income available to common stock holders, basic earnings per share	$ 8,311	$ 7,635
Net income available to common stock holders, diluted earnings per share	$ 8,311	$ 7,635
Effect of dilutive shares:
Weighted average number of shares outstanding, basic earnings per share	18,818,115	15,646,476
Restricted stock grants	124,014	124,146
Weighted average number of shares outstanding, diluted earnings per share	18,942,129	15,770,622
Basic earnings per share	$ 0.44	$ 0.49
Diluted earnings per share	$ 0.44	$ 0.48

EARNINGS APPLICABLE TO COMMON_4

EARNINGS APPLICABLE TO COMMON STOCKHOLDERS - Additional Information (Details) - shares	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
EARNINGS APPLICABLE TO COMMON STOCKHOLDERS
Shares of restricted stock granted	60,680	66,132

FINANCIAL INSTRUMENTS WITH OF_3

FINANCIAL INSTRUMENTS WITH OFF-BALANCE-SHEET RISK (Details) - USD ($) $ in Thousands	Mar. 31, 2020	Dec. 31, 2019
Variable Rate
Financial instruments with off-balance-sheet risk
Commitments to make loans	$ 5,723	$ 5,676
Unused lines of credit	180,732	208,728
Standby letters of credit	9,917	8,475
Fixed Rate
Financial instruments with off-balance-sheet risk
Commitments to make loans	39,351	42,774
Unused lines of credit	120,335	137,966
Standby letters of credit	$ 2,425	$ 3,648

FINANCIAL INSTRUMENTS WITH OF_4

FINANCIAL INSTRUMENTS WITH OFF-BALANCE-SHEET RISK - Additional Information (Details) - OFF BALANCE SHEET RISK [Member]	3 Months Ended
	Mar. 31, 2020
Minimum [Member]
Concentration Risk [Line Items]
Debt Instrument, Interest Rate, Stated Percentage	0.50%
Debt Instrument, Term	1 year
Maximum [Member]
Concentration Risk [Line Items]
Debt Instrument, Interest Rate, Stated Percentage	18.00%
Debt Instrument, Term	30 years

FAIR VALUE DISCLOSURES AND RE_3

FAIR VALUE DISCLOSURES AND REPORTING, THE FAIR VALUE OPTION AND FAIR VALUE MEASUREMENTS - Fair Values of off-Balance Sheet Financial Instruments (Details) - USD ($) $ in Thousands	Mar. 31, 2020	Dec. 31, 2019	Mar. 31, 2019	Dec. 31, 2018
Assets:
Cash and cash equivalents	$ 286,759	$ 168,864	$ 248,576	$ 159,107
US Treasury	5,308	4,894
Obligations of U.S. Government agencies and sponsored entities	72,880	77,950
Municipal securities	274,163	258,982
Mortgage-backed securities	382,900	395,315
Corporate obligations	27,726	27,946
Loans, net	2,594,772	2,597,260
Accrued interest receivable	14,943	14,802
Liabilities:
Noninterest- bearing deposits	340,606	723,208
Interest-bearing deposits	2,937,188	2,353,325
Subordinated debentures	80,717	80,678
FHLB and other borrowings	116,180	214,319
Accrued interest payable	2,885	2,508
Quoted Prices in Active Markets for Identical Assets (Level 1)
Assets:
Cash and cash equivalents	286,759	168,864
US Treasury	5,308	4,894
Obligations of U.S. Government agencies and sponsored entities	0	0
Municipal securities	0	0
Mortgage-backed securities	0	0
Corporate obligations	0	0
Loans, net	0	0
Accrued interest receivable	0	0
Liabilities:
Noninterest- bearing deposits	0	0
Interest-bearing deposits	0	0
Subordinated debentures	0	0
FHLB and other borrowings	0	0
Accrued interest payable	0	0
Significant Other Observable Inputs (Level 2)
Assets:
Cash and cash equivalents	0	0
US Treasury	0	0
Obligations of U.S. Government agencies and sponsored entities	72,880	77,950
Municipal securities	254,981	248,637
Mortgage-backed securities	382,900	395,315
Corporate obligations	27,215	27,538
Loans, net	0	0
Accrued interest receivable	3,995	4,246
Liabilities:
Noninterest- bearing deposits	340,606	723,208
Interest-bearing deposits	2,946,069	2,339,537
Subordinated debentures	0	0
FHLB and other borrowings	116,180	214,319
Accrued interest payable	2,885	2,508
Significant Unobservable Inputs (Level 3)
Assets:
Cash and cash equivalents	0	0
US Treasury	0	0
Obligations of U.S. Government agencies and sponsored entities	0	0
Municipal securities	19,182	10,345
Mortgage-backed securities	0	0
Corporate obligations	511	408
Loans, net	2,573,942	2,560,668
Accrued interest receivable	10,948	10,556
Liabilities:
Noninterest- bearing deposits	0	0
Interest-bearing deposits	0	0
Subordinated debentures	69,037	80,330
FHLB and other borrowings	0	0
Accrued interest payable	0	0
Estimated Fair Value
Assets:
Cash and cash equivalents	286,759	168,864
US Treasury	5,308	4,894
Obligations of U.S. Government agencies and sponsored entities	72,880	77,950
Municipal securities	274,163	258,982
Mortgage-backed securities	382,900	395,315
Corporate obligations	27,726	27,946
Loans, net	2,573,942	2,560,668
Accrued interest receivable	14,943	14,802
Liabilities:
Noninterest- bearing deposits	340,606	723,208
Interest-bearing deposits	2,946,069	2,339,537
Subordinated debentures	69,037	80,330
FHLB and other borrowings	116,180	214,319
Accrued interest payable	$ 2,885	$ 2,508

FAIR VALUE DISCLOSURES AND RE_4

FAIR VALUE DISCLOSURES AND REPORTING, THE FAIR VALUE OPTION AND FAIR VALUE MEASUREMENTS - Fair Value of Assets Measured on Recurring Basis (Details) - USD ($) $ in Thousands	Mar. 31, 2020	Dec. 31, 2019
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]
Securities available-for-sale, at fair value	$ 762,977	$ 765,087
U.S Treasury
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]
Securities available-for-sale, at fair value	5,308	4,894
Obligations of U. S. Government Agencies
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]
Securities available-for-sale, at fair value	72,880	77,950
Municipal securities
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]
Securities available-for-sale, at fair value	274,163	258,982
Mortgage-backed securities
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]
Securities available-for-sale, at fair value	382,900	395,315
Corporate obligations
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]
Securities available-for-sale, at fair value	27,726	27,946
Quoted Prices in Active Markets for Identical Assets (Level 1)
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]
Securities available-for-sale, at fair value	5,308	4,894
Quoted Prices in Active Markets for Identical Assets (Level 1) | U.S Treasury
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]
Securities available-for-sale, at fair value	5,308	4,894
Quoted Prices in Active Markets for Identical Assets (Level 1) | Obligations of U. S. Government Agencies
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]
Securities available-for-sale, at fair value	0	0
Quoted Prices in Active Markets for Identical Assets (Level 1) | Municipal securities
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]
Securities available-for-sale, at fair value	0	0
Quoted Prices in Active Markets for Identical Assets (Level 1) | Mortgage-backed securities
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]
Securities available-for-sale, at fair value	0	0
Quoted Prices in Active Markets for Identical Assets (Level 1) | Corporate obligations
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]
Securities available-for-sale, at fair value	0	0
Significant Other Observable Inputs (Level 2)
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]
Securities available-for-sale, at fair value	737,976	749,440
Significant Other Observable Inputs (Level 2) | U.S Treasury
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]
Securities available-for-sale, at fair value	0	0
Significant Other Observable Inputs (Level 2) | Obligations of U. S. Government Agencies
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]
Securities available-for-sale, at fair value	72,880	77,950
Significant Other Observable Inputs (Level 2) | Municipal securities
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]
Securities available-for-sale, at fair value	254,981	248,637
Significant Other Observable Inputs (Level 2) | Mortgage-backed securities
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]
Securities available-for-sale, at fair value	382,900	395,315
Significant Other Observable Inputs (Level 2) | Corporate obligations
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]
Securities available-for-sale, at fair value	27,215	27,538
Significant Unobservable Inputs (Level 3)
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]
Securities available-for-sale, at fair value	19,693	10,753
Significant Unobservable Inputs (Level 3) | U.S Treasury
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]
Securities available-for-sale, at fair value	0	0
Significant Unobservable Inputs (Level 3) | Obligations of U. S. Government Agencies
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]
Securities available-for-sale, at fair value	0	0
Significant Unobservable Inputs (Level 3) | Municipal securities
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]
Securities available-for-sale, at fair value	19,182	10,345
Significant Unobservable Inputs (Level 3) | Mortgage-backed securities
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]
Securities available-for-sale, at fair value	0	0
Significant Unobservable Inputs (Level 3) | Corporate obligations
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]
Securities available-for-sale, at fair value	$ 511	$ 408

FAIR VALUE DISCLOSURES AND RE_5

FAIR VALUE DISCLOSURES AND REPORTING, THE FAIR VALUE OPTION AND FAIR VALUE MEASUREMENTS - Reconciliation of Activity for Assets Measured at Fair Value based on Significant Unobservable (Non-market) Information (Details) - USD ($) $ in Thousands	3 Months Ended	12 Months Ended
	Mar. 31, 2020	Dec. 31, 2019
Bank-Issued Trust Preferred Securities
Fair Value Assets Measured On Recurring Basis Unobservable Input Reconciliation [Line Items]
Balance, January 1	$ 408	$ 874
Unrealized (loss)/gain included in comprehensive income	103	(466)
Balance at March 31, 2020 and December 31, 2019	511	408
Municipal securities
Fair Value Assets Measured On Recurring Basis Unobservable Input Reconciliation [Line Items]
Balance, January 1	10,345	7,574
Unrealized (loss)/gain included in comprehensive income	8,837	2,771
Balance at March 31, 2020 and December 31, 2019	$ 19,182	$ 10,345

FAIR VALUE DISCLOSURES AND RE_6

FAIR VALUE DISCLOSURES AND REPORTING, THE FAIR VALUE OPTION AND FAIR VALUE MEASUREMENTS- Quantitative Information About Recurring Level 3 Fair Value Measurements (Details) - USD ($) $ in Thousands	3 Months Ended	12 Months Ended
	Mar. 31, 2020	Dec. 31, 2019
Municipal securities
Quantitative Information About Recurring Fair Value Measurements [Line Items]
Fair Value	$ 19,182	$ 10,345
Valuation Technique	Discounted cash flow	Discounted cash flow
Significant Unobservable Inputs	Discount Rate	Discount Rate
Range of Inputs, Minimum	1.85%	1.50%
Range of Inputs, Maximum	3.50%	4.40%
Trust Preferred Securities [Member]
Quantitative Information About Recurring Fair Value Measurements [Line Items]
Fair Value	$ 511	$ 408
Valuation Technique	Discounted cash flow	Discounted cash flow
Significant Unobservable Inputs	Probability of default	Probability of default
Range of Inputs, Minimum	1.74%	2.73%
Range of Inputs, Maximum	3.30%	4.15%

FAIR VALUE DISCLOSURES AND RE_7

FAIR VALUE DISCLOSURES AND REPORTING, THE FAIR VALUE OPTION AND FAIR VALUE MEASUREMENTS - Fair Value of Assets Measured on Nonrecurring Basis (Details) - Fair Value, Measurements, Nonrecurring [Member] - USD ($) $ in Thousands	Mar. 31, 2020	Dec. 31, 2019
Impaired loans
Fair Value, Assets and Liabilities Measured on Nonrecurring Basis [Line Items]
Assets measured at fair value on a nonrecurring basis	$ 11,124	$ 11,337
Other real estate owned
Fair Value, Assets and Liabilities Measured on Nonrecurring Basis [Line Items]
Assets measured at fair value on a nonrecurring basis	6,974	7,299
Quoted Prices in Active Markets for Identical Assets (Level 1) | Impaired loans
Fair Value, Assets and Liabilities Measured on Nonrecurring Basis [Line Items]
Assets measured at fair value on a nonrecurring basis	0	0
Quoted Prices in Active Markets for Identical Assets (Level 1) | Other real estate owned
Fair Value, Assets and Liabilities Measured on Nonrecurring Basis [Line Items]
Assets measured at fair value on a nonrecurring basis	0	0
Significant Other Observable Inputs (Level 2) | Impaired loans
Fair Value, Assets and Liabilities Measured on Nonrecurring Basis [Line Items]
Assets measured at fair value on a nonrecurring basis	0	0
Significant Other Observable Inputs (Level 2) | Other real estate owned
Fair Value, Assets and Liabilities Measured on Nonrecurring Basis [Line Items]
Assets measured at fair value on a nonrecurring basis	0	0
Significant Unobservable Inputs (Level 3) | Impaired loans
Fair Value, Assets and Liabilities Measured on Nonrecurring Basis [Line Items]
Assets measured at fair value on a nonrecurring basis	11,124	11,337
Significant Unobservable Inputs (Level 3) | Other real estate owned
Fair Value, Assets and Liabilities Measured on Nonrecurring Basis [Line Items]
Assets measured at fair value on a nonrecurring basis	$ 6,974	$ 7,299

FAIR VALUE DISCLOSURES AND RE_8

FAIR VALUE DISCLOSURES AND REPORTING, THE FAIR VALUE OPTION AND FAIR VALUE MEASUREMENTS - Additional Information (Details)	Mar. 31, 2020
Measurement Input, Discount Rate [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Impaired loans and other real estate owned	10

SECURITIES - Additional Informa

SECURITIES - Additional Information (Details) - security	Mar. 31, 2020	Dec. 31, 2019
SECURITIES
Number of Security Portfolio	195	156

SECURITIES - Summary of Amortiz

SECURITIES - Summary of Amortized Cost and Fair Value of Available-For-Sale Securities and Held-To-Maturity Securities (Details) - USD ($) $ in Thousands	3 Months Ended	12 Months Ended
	Mar. 31, 2020	Dec. 31, 2019
Schedule of Trading Securities and Other Trading Assets [Line Items]
Available-for-sale Securities, Amortized Cost	$ 741,026	$ 751,591
Available-for-sale Securities, Gross Unrealized Gains	24,135	14,419
Available-for-sale Securities, Gross Unrealized Losses	2,184	923
Available-for-sale securities, Fair Value	762,977	765,087
U.S Treasury
Schedule of Trading Securities and Other Trading Assets [Line Items]
Available-for-sale Securities, Amortized Cost	4,969	4,967
Available-for-sale Securities, Gross Unrealized Gains	339	0
Available-for-sale Securities, Gross Unrealized Losses	0	73
Available-for-sale securities, Fair Value	5,308	4,894
Obligations of U.S. government agencies and sponsored entities
Schedule of Trading Securities and Other Trading Assets [Line Items]
Available-for-sale Securities, Amortized Cost	70,726	76,699
Available-for-sale Securities, Gross Unrealized Gains	2,216	1,475
Available-for-sale Securities, Gross Unrealized Losses	62	224
Available-for-sale securities, Fair Value	72,880	77,950
Tax-exempt and taxable obligations of states and municipal subdivisions
Schedule of Trading Securities and Other Trading Assets [Line Items]
Available-for-sale Securities, Amortized Cost	270,385	253,527
Available-for-sale Securities, Gross Unrealized Gains	5,369	5,602
Available-for-sale Securities, Gross Unrealized Losses	1,591	147
Available-for-sale securities, Fair Value	274,163	258,982
Mortgage-backed securities - residential
Schedule of Trading Securities and Other Trading Assets [Line Items]
Available-for-sale Securities, Amortized Cost	251,134	263,229
Available-for-sale Securities, Gross Unrealized Gains	10,993	4,726
Available-for-sale Securities, Gross Unrealized Losses	80	107
Available-for-sale securities, Fair Value	262,047	267,848
Mortgage-backed securities - commercial
Schedule of Trading Securities and Other Trading Assets [Line Items]
Available-for-sale Securities, Amortized Cost	115,974	125,292
Available-for-sale Securities, Gross Unrealized Gains	4,976	2,398
Available-for-sale Securities, Gross Unrealized Losses	97	223
Available-for-sale securities, Fair Value	120,853	127,467
Corporate obligations
Schedule of Trading Securities and Other Trading Assets [Line Items]
Available-for-sale Securities, Amortized Cost	27,838	27,877
Available-for-sale Securities, Gross Unrealized Gains	242	218
Available-for-sale Securities, Gross Unrealized Losses	354	149
Available-for-sale securities, Fair Value	$ 27,726	$ 27,946

SECURITIES - Amortized Cost And

SECURITIES - Amortized Cost And Fair Value Of Debt Securities (Details) - USD ($) $ in Thousands	Mar. 31, 2020	Dec. 31, 2019
Available-for-Sale, Amortized Cost
Due less than one year	$ 28,094	$ 30,141
Due after one year through five years	86,142	80,119
Due after five years through ten years	147,047	143,811
Due greater than ten years	112,635	108,999
Mortgage-backed securities: residential	251,134	263,229
Mortgage-backed securities: commercial	115,974	125,292
Total	741,026	751,591
Available-for-sale, Fair Value
Due less than one year	28,210	30,303
Due after one year through five years	87,617	81,372
Due after five years through ten years	150,671	148,085
Due greater than ten years	113,579	110,012
Mortgage-backed securities: residential	262,047	267,848
Mortgage-backed securities: commercial	120,853	127,467
Total	$ 762,977	$ 765,087

SECURITIES - Summary of Availab

SECURITIES - Summary of Available For Sale Securities With Unrealized And Unrecognized Losses (Details) - USD ($) $ in Thousands	Mar. 31, 2020	Dec. 31, 2019
Schedule of Trading Securities and Other Trading Assets [Line Items]
Fair value, Losses less than 12 Months	$ 11,358	$ 9,806
Fair Value, Losses 12 Months or More	77,244	115,748
Fair Value, Total	88,602	125,554
Unrealized Losses, Losses less than 12 Months	15	16
Unrealized Losses, Losses 12 Months or More	2,169	907
Unrealized Losses, Total	2,184	923
U.S Treasury
Schedule of Trading Securities and Other Trading Assets [Line Items]
Fair value, Losses less than 12 Months	0	0
Fair Value, Losses 12 Months or More	0	4,894
Fair Value, Total	0	4,894
Unrealized Losses, Losses less than 12 Months	0	0
Unrealized Losses, Losses 12 Months or More	0	73
Unrealized Losses, Total	0	73
Obligations of U.S. government agencies and sponsored entities
Schedule of Trading Securities and Other Trading Assets [Line Items]
Fair value, Losses less than 12 Months	0	0
Fair Value, Losses 12 Months or More	5,371	22,987
Fair Value, Total	5,371	22,987
Unrealized Losses, Losses less than 12 Months	0	0
Unrealized Losses, Losses 12 Months or More	62	224
Unrealized Losses, Total	62	224
Tax-exempt and taxable obligations of states and municipal subdivisions
Schedule of Trading Securities and Other Trading Assets [Line Items]
Fair value, Losses less than 12 Months	2,571	0
Fair Value, Losses 12 Months or More	45,504	28,235
Fair Value, Total	48,075	28,235
Unrealized Losses, Losses less than 12 Months	5	0
Unrealized Losses, Losses 12 Months or More	1,586	147
Unrealized Losses, Total	1,591	147
Mortgage-backed securities - residential
Schedule of Trading Securities and Other Trading Assets [Line Items]
Fair value, Losses less than 12 Months	0	0
Fair Value, Losses 12 Months or More	4,017	29,930
Fair Value, Total	4,017	29,930
Unrealized Losses, Losses less than 12 Months	0	0
Unrealized Losses, Losses 12 Months or More	80	107
Unrealized Losses, Total	80	107
Mortgage-backed securities - commercial
Schedule of Trading Securities and Other Trading Assets [Line Items]
Fair value, Losses less than 12 Months	4,293	9,306
Fair Value, Losses 12 Months or More	12,532	19,130
Fair Value, Total	16,825	28,436
Unrealized Losses, Losses less than 12 Months	4	16
Unrealized Losses, Losses 12 Months or More	93	207
Unrealized Losses, Total	97	223
Corporate obligations
Schedule of Trading Securities and Other Trading Assets [Line Items]
Fair value, Losses less than 12 Months	4,494	500
Fair Value, Losses 12 Months or More	9,820	10,572
Fair Value, Total	14,314	11,072
Unrealized Losses, Losses less than 12 Months	6	0
Unrealized Losses, Losses 12 Months or More	348	149
Unrealized Losses, Total	$ 354	$ 149

LOANS - Additional Information

LOANS - Additional Information (Details) - USD ($) $ in Thousands	3 Months Ended		12 Months Ended
	Mar. 31, 2020	Mar. 31, 2019	Dec. 31, 2019
Financing Receivable, Recorded Investment [Line Items]
Outstanding purchased credit impaired loan, Balance	$ 13,100		$ 14,600
Certain Loans Acquired in Transfer Accounted for as Debt Securities, Accretable Yield, Ending Balance	3,600		3,300
Change in TDRs	(900)
TDRs	31,100		32,000
TDR Period Increase (Decrease), Allowance for Loan and Lease Losses	37	$ 47
Allowance for Loan and Lease Losses Write-offs, Net	0	$ 0
Foreclosed Real Estate Property	1,300
Consumer mortgage loans secured by residential real estate properties	1,600
Lease financing receivable
Financing Receivable, Recorded Investment [Line Items]
Interest income not recorded due to loans in non-accrual status	377
Non- Accrual	$ 0		$ 0

LOANS - Summary of Loans Classi

LOANS - Summary of Loans Classified as Past Due in Excess of Thirty Days or More and Loans Classified as Non-Accrual (Details) - USD ($) $ in Thousands	Mar. 31, 2020	Dec. 31, 2019
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Loans	$ 2,602,288	$ 2,600,358
Loans [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Past Due 30 to 89 Days	22,337	7,757
Past Due 90 Days Or More and Still Accruing	2,392	2,715
Non- Accrual	26,464	26,740
PCI	11,287	12,095
Total Past Due and Non- Accrual and PCI	62,480	49,307
Total Loans	2,602,288	2,600,358
Loans [Member] | Lease financing receivable
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Loans	3,526	3,095
Loans [Member] | Obligations of states and subdivisions
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Loans	18,218	20,716
Commercial financial and agriculture | Loans [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Past Due 30 to 89 Days	1,385	515
Past Due 90 Days Or More and Still Accruing	23	61
Non- Accrual	1,989	2,137
PCI	80	97
Total Past Due and Non- Accrual and PCI	3,477	2,810
Total Loans	327,979	332,600
Commercial real estate | Loans [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Past Due 30 to 89 Days	9,664	2,447
Past Due 90 Days Or More and Still Accruing	582	1,046
Non- Accrual	22,123	22,441
PCI	3,498	3,844
Total Past Due and Non- Accrual and PCI	35,867	29,778
Total Loans	1,388,925	1,387,207
Consumer real estate | Loans [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Past Due 30 to 89 Days	10,960	4,569
Past Due 90 Days Or More and Still Accruing	1,772	1,608
Non- Accrual	2,128	1,902
PCI	7,704	8,148
Total Past Due and Non- Accrual and PCI	22,564	16,227
Total Loans	821,432	814,282
Consumer installment | Loans [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Past Due 30 to 89 Days	328	226
Past Due 90 Days Or More and Still Accruing	15
Non- Accrual	224	260
PCI	5	6
Total Past Due and Non- Accrual and PCI	572	492
Total Loans	$ 42,208	$ 42,458

LOANS - Information Regarding C

LOANS - Information Regarding Contractually Payments Receivable, Cash Flows (Details) $ in Thousands	Mar. 31, 2020USD ($)
Certain Loans Acquired in Transfer Not Accounted for as Debt Securities, Accretable Yield Movement [Line Items]
Contractually required payments at acquisition	$ 5,662
Cash flows expected to be collected at acquisition	5,250
Fair value of loans at acquisition	4,725
FPB
Certain Loans Acquired in Transfer Not Accounted for as Debt Securities, Accretable Yield Movement [Line Items]
Contractually required payments at acquisition	4,715
Cash flows expected to be collected at acquisition	4,295
Fair value of loans at acquisition	3,916
FFB
Certain Loans Acquired in Transfer Not Accounted for as Debt Securities, Accretable Yield Movement [Line Items]
Contractually required payments at acquisition	947
Cash flows expected to be collected at acquisition	955
Fair value of loans at acquisition	$ 809

LOANS - Changes in the carrying

LOANS - Changes in the carrying amount and accretable yield for purchased credit impaired loans (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
LOANS
Balance at beginning of period, Accretable Yield	$ 3,417	$ 3,835
Additions, including transfers from non-accretable, Accretable Yield	337	427
Accretion	(148)	(275)
Balance at end of period, Accretable Yield	$ 3,606	$ 3,987

LOANS - Additional Detail of Im

LOANS - Additional Detail of Impaired Loans Broken Out According to Class (Details) - USD ($) $ in Thousands	3 Months Ended	12 Months Ended
	Mar. 31, 2020	Dec. 31, 2019
Financing Receivable, Impaired [Line Items]
Impaired loans with no a related allowance, Recorded Investment	$ 14,067	$ 14,178
Impaired loans with no related allowance, Unpaid Balance	14,247	14,348
Impaired loans with no related allowance, Average Recorded Investment YTD	14,122	12,963
Impaired loans with no related allowance, Interest Income Recognized YTD	3	598
Impaired loans with a related allowance, Recorded Investment	15,159	15,761
Impaired loans with a related allowance, Unpaid Balance	15,253	15,914
Impaired loans with a Related Allowance	4,035	4,424
Impaired loans with a related allowance, Average Recorded Investment YTD	15,460	12,789
Impaired loans with a related allowance, Interest Income Recognized YTD	39	67
Recorded Investment	29,226	29,939
Unpaid Balance	29,500	30,262
Related Allowance	4,035	4,424
Average Recorded Investment YTD	29,582	25,752
Interest Income Recognized YTD	42	665
Commercial financial and agriculture
Financing Receivable, Impaired [Line Items]
Impaired loans with no a related allowance, Recorded Investment	262	59
Impaired loans with no related allowance, Unpaid Balance	265	62
Impaired loans with no related allowance, Average Recorded Investment YTD	160	294
Impaired loans with no related allowance, Interest Income Recognized YTD		7
Impaired loans with a related allowance, Recorded Investment	2,238	2,434
Impaired loans with a related allowance, Unpaid Balance	2,238	2,434
Impaired loans with a Related Allowance	1,011	1,182
Impaired loans with a related allowance, Average Recorded Investment YTD	2,336	2,039
Impaired loans with a related allowance, Interest Income Recognized YTD	5	13
Recorded Investment	2,500	2,493
Unpaid Balance	2,503	2,496
Related Allowance	1,011	1,182
Average Recorded Investment YTD	2,496	2,333
Interest Income Recognized YTD	5	20
Commercial real estate
Financing Receivable, Impaired [Line Items]
Impaired loans with no a related allowance, Recorded Investment	13,089	13,556
Impaired loans with no related allowance, Unpaid Balance	13,210	13,671
Impaired loans with no related allowance, Average Recorded Investment YTD	13,322	10,473
Impaired loans with no related allowance, Interest Income Recognized YTD	1	591
Impaired loans with a related allowance, Recorded Investment	12,007	12,428
Impaired loans with a related allowance, Unpaid Balance	12,076	12,563
Impaired loans with a Related Allowance	2,845	3,021
Impaired loans with a related allowance, Average Recorded Investment YTD	12,217	10,026
Impaired loans with a related allowance, Interest Income Recognized YTD	30	49
Recorded Investment	25,096	25,984
Unpaid Balance	25,286	26,234
Related Allowance	2,845	3,021
Average Recorded Investment YTD	25,539	20,499
Interest Income Recognized YTD	31	640
Consumer real estate
Financing Receivable, Impaired [Line Items]
Impaired loans with no a related allowance, Recorded Investment	704	542
Impaired loans with no related allowance, Unpaid Balance	760	594
Impaired loans with no related allowance, Average Recorded Investment YTD	623	2,173
Impaired loans with no related allowance, Interest Income Recognized YTD	2
Impaired loans with a related allowance, Recorded Investment	682	639
Impaired loans with a related allowance, Unpaid Balance	707	657
Impaired loans with a Related Allowance	114	141
Impaired loans with a related allowance, Average Recorded Investment YTD	661	560
Impaired loans with a related allowance, Interest Income Recognized YTD	4	3
Recorded Investment	1,386	1,181
Unpaid Balance	1,467	1,251
Related Allowance	114	141
Average Recorded Investment YTD	1,284	2,733
Interest Income Recognized YTD	6	3
Consumer installment
Financing Receivable, Impaired [Line Items]
Impaired loans with no a related allowance, Recorded Investment	12	21
Impaired loans with no related allowance, Unpaid Balance	12	21
Impaired loans with no related allowance, Average Recorded Investment YTD	17	23
Impaired loans with a related allowance, Recorded Investment	232	260
Impaired loans with a related allowance, Unpaid Balance	232	260
Impaired loans with a Related Allowance	65	80
Impaired loans with a related allowance, Average Recorded Investment YTD	246	164
Impaired loans with a related allowance, Interest Income Recognized YTD		2
Recorded Investment	244	281
Unpaid Balance	244	281
Related Allowance	65	80
Average Recorded Investment YTD	$ 263	187
Interest Income Recognized YTD		$ 2

LOANS - Detail of Troubled Debt

LOANS - Detail of Troubled Debt Restructurings (Details)	3 Months Ended
	Mar. 31, 2020USD ($)	Mar. 31, 2019USD ($)loan
Financing Receivable, Modifications [Line Items]
Number of Loans	3	3
Outstanding Recorded Investment Pre-Modification	$ 750,000	$ 266,000
Outstanding Recorded Investment Post-Modification	$ 746,000	$ 265,000
Commercial financial and agriculture
Financing Receivable, Modifications [Line Items]
Number of Loans	1	1
Outstanding Recorded Investment Pre-Modification	$ 12,000	$ 175,000
Outstanding Recorded Investment Post-Modification	$ 12,000	$ 175,000
Commercial real estate
Financing Receivable, Modifications [Line Items]
Number of Loans	2	1
Outstanding Recorded Investment Pre-Modification	$ 738,000	$ 10,000
Outstanding Recorded Investment Post-Modification	$ 734,000	$ 10,000
Residential real estate
Financing Receivable, Modifications [Line Items]
Number of Loans | loan		1
Outstanding Recorded Investment Pre-Modification		$ 81,000
Outstanding Recorded Investment Post-Modification		$ 80,000

LOANS - Summary of loans by mod

LOANS - Summary of loans by modified as troubled debt restructurings of payment default (Details) - Commercial financial and agriculture $ in Thousands	3 Months Ended
	Mar. 31, 2020USD ($)loan	Mar. 31, 2019USD ($)loan
Financing Receivable, Recorded Investment, Past Due [Line Items]
Number of Loans | loan	10	13
Recorded Investment | $	$ 15,841	$ 4,339

LOANS - Modifications of Loans

LOANS - Modifications of Loans Performing (Details) - USD ($) $ in Thousands	Mar. 31, 2020	Dec. 31, 2019
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total	$ 2,602,288	$ 2,600,358
Allowance for loan losses, Current Loans	124	128
Allowance for loan losses, Non-Accrual	2,247	1,997
Allowance for loan losses, Total	2,371	2,125
TDRs [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Current Loans	6,171	6,824
Past Due 30-89	827	985
Past due 90 days or more and still accruing	167	167
Non-Accrual	23,927	23,993
Total	31,092	31,969
Commercial financial and agriculture | TDRs [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Current Loans	129	583
Past Due 30-89	454	64
Non-Accrual	1,494	1,062
Total	2,077	1,709
Commercial real estate | TDRs [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Current Loans	4,314	4,299
Past Due 30-89	99	809
Past due 90 days or more and still accruing	109	109
Non-Accrual	19,569	19,991
Total	24,091	25,208
Consumer real estate | TDRs [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Current Loans	1,693	1,905
Past Due 30-89	274	112
Past due 90 days or more and still accruing	58	58
Non-Accrual	2,864	2,940
Total	4,889	5,015
Consumer installment | TDRs [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Current Loans	35	37
Total	$ 35	$ 37

LOANS - Risk Category of Loans

LOANS - Risk Category of Loans by Class of Loans (Excluding Mortgage Loans Held for Sale) (Details) - USD ($) $ in Thousands	Mar. 31, 2020	Dec. 31, 2019
Financing Receivable, Recorded Investment [Line Items]
Loans	$ 2,603,871	$ 2,601,979
Less: Unearned discount	1,583	1,621
Loans, net of unearned discount	2,602,288	2,600,358
Pass [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans	2,510,566	2,513,135
Special Mention [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans	15,770	13,584
Substandard [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans	77,447	75,167
Doubtful [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans	88	93
Commercial financial and agriculture
Financing Receivable, Recorded Investment [Line Items]
Loans	344,602	341,686
Loans, net of unearned discount	344,602	341,686
Commercial financial and agriculture | Pass [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans	330,739	327,205
Commercial financial and agriculture | Special Mention [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans	3,351	3,493
Commercial financial and agriculture | Substandard [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans	10,499	10,972
Commercial financial and agriculture | Doubtful [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans	13	16
Commercial real estate
Financing Receivable, Recorded Investment [Line Items]
Loans	1,711,859	1,705,003
Less: Unearned discount	1,583	1,621
Loans, net of unearned discount	1,710,276	1,703,382
Commercial real estate | Pass [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans	1,646,868	1,645,496
Commercial real estate | Special Mention [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans	11,399	8,876
Commercial real estate | Substandard [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans	53,517	50,554
Commercial real estate | Doubtful [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans	75	77
Consumer real estate
Financing Receivable, Recorded Investment [Line Items]
Loans	510,979	513,864
Loans, net of unearned discount	510,979	513,864
Consumer real estate | Pass [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans	496,926	499,426
Consumer real estate | Special Mention [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans	1,001	1,194
Consumer real estate | Substandard [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans	13,052	13,244
Consumer installment
Financing Receivable, Recorded Investment [Line Items]
Loans	36,431	41,426
Loans, net of unearned discount	36,431	41,426
Consumer installment | Pass [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans	36,033	41,008
Consumer installment | Special Mention [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans	19	21
Consumer installment | Substandard [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans	$ 379	$ 397

LOANS - Activity in Allowance f

LOANS - Activity in Allowance for Loan Losses (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Allowance for loan losses:
Balance at beginning of period	$ 13,908	$ 10,065
Provision for loan losses	7,102	1,123
Loans charged-off:	(500)	(75)
Recoveries	294	122
Net Charge-offs (recoveries)	0	0
Balance at end of period	20,804	11,235
Commercial financial and agriculture
Allowance for loan losses:
Balance at beginning of period	3,043	2,060
Provision for loan losses	1,446	(490)
Loans charged-off:	(99)	(4)
Recoveries	76	13
Balance at end of period	4,466	1,579
Commercial real estate
Allowance for loan losses:
Balance at beginning of period	8,836	6,258
Provision for loan losses	4,523	1,003
Loans charged-off:	(333)
Recoveries	69	10
Balance at end of period	13,095	7,271
Consumer real estate
Allowance for loan losses:
Balance at beginning of period	1,694	1,743
Provision for loan losses	1,106	(1,516)
Loans charged-off:	(9)	(42)
Recoveries	49	19
Balance at end of period	2,840	204
Installment and Other
Allowance for loan losses:
Balance at beginning of period	296	201
Provision for loan losses	66	1,929
Loans charged-off:	(59)	(29)
Recoveries	100	80
Balance at end of period	403	2,181
Unallocated
Allowance for loan losses:
Balance at beginning of period	39	(197)
Provision for loan losses	$ (39)	$ 197

LOANS - Loans and Allowance for

LOANS - Loans and Allowance for Loan Losses, Broken Down by Portfolio Segment (Details) - USD ($) $ in Thousands	Mar. 31, 2020	Dec. 31, 2019	Mar. 31, 2019	Dec. 31, 2018
Loans
Individually evaluated	$ 29,225	$ 29,939
Collectively evaluated	2,556,380	2,552,520
PCI Loans	16,683	17,899
Total	2,602,288	2,600,358
Allowance for Loan Losses
Individually evaluated	4,034	4,424
Collectively evaluated	16,770	9,484
Total	20,804	13,908	$ 11,235	$ 10,065
Commercial financial and agriculture
Loans
Individually evaluated	2,500	2,493
Collectively evaluated	341,933	339,003
PCI Loans	169	191
Total	344,602	341,687
Allowance for Loan Losses
Individually evaluated	1,010	1,182
Collectively evaluated	3,456	1,861
Total	4,466	3,043
Commercial real estate
Loans
Individually evaluated	25,095	25,984
Collectively evaluated	1,729,239	1,773,934
PCI Loans	9,575	10,471
Total	1,763,909	1,810,389
Allowance for Loan Losses
Individually evaluated	2,845	3,021
Collectively evaluated	10,250	5,815
Total	13,095	8,836
Consumer real estate
Loans
Individually evaluated	1,386	1,181
Collectively evaluated	449,052	398,471
PCI Loans	6,908	7,204
Total	457,346	406,856
Allowance for Loan Losses
Individually evaluated	114	141
Collectively evaluated	2,726	1,553
Total	2,840	1,694
Installment and Other
Loans
Individually evaluated	244	281
Collectively evaluated	36,156	41,112
PCI Loans	31	33
Total	36,431	41,426
Allowance for Loan Losses
Individually evaluated	65	80
Collectively evaluated	338	216
Total	$ 403	296
Unallocated
Allowance for Loan Losses
Collectively evaluated		39
Total		$ 39

REVENUE FROM CONTRACTS WITH C_3

REVENUE FROM CONTRACTS WITH CUSTOMERS (Details) - USD ($) $ in Thousands		3 Months Ended
		Mar. 31, 2020	Mar. 31, 2019
Non-interest income
Service charges on deposits overdraft fees		$ 1,055	$ 974
Service charges on deposits other		860	858
Interchange Income		1,986	1,652
Investment brokerage fees		102	9
Net gains (losses) on OREO		(224)	(10)
Net gains (losses) on sales of securities	[1]	174	(38)
Other		2,521	2,109
TOTAL NON-INTEREST INCOME		6,474	5,554
Commercial/Retail Bank [Member]
Non-interest income
Service charges on deposits overdraft fees		1,055	974
Service charges on deposits other		859	857
Interchange Income		1,986	1,652
Investment brokerage fees		102	9
Net gains (losses) on OREO		(224)	(10)
Net gains (losses) on sales of securities	[1]	174	(38)
Other		939	956
TOTAL NON-INTEREST INCOME		4,891	4,400
Mortgage Banking Division [Member]
Non-interest income
Service charges on deposits other		1	1
Other		1,566	908
TOTAL NON-INTEREST INCOME		1,567	909
Holding Company [Member]
Non-interest income
Other		16	245
TOTAL NON-INTEREST INCOME		$ 16	$ 245
[1]	Not within scope of ASC 606

LEASES - Right-of-use assets an

LEASES - Right-of-use assets and lease liabilities relating to operating and finance leases (Details) - USD ($) $ in Thousands	Mar. 31, 2020	Mar. 31, 2019
Right-of-use assets:
Operating leases	$ 6,141	$ 3,595
Finance leases	2,841
Total right-of-use assets	8,952	3,595
Lease liabilities:
Operating lease	6,141	3,595
Finance lease	2,419
Total lease liabilities	$ 8,560	$ 3,595

LEASES - Lease costs (Details)

LEASES - Lease costs (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
LEASES
Operating lease costs	$ 378	$ 122
Finance lease cost:
Interest on lease liabilities	2	0
Amortization of right-of-use	2	0
Net lease cost	$ 382	$ 122

LEASES - Information related to

LEASES - Information related to operating leases (Details)	Mar. 31, 2020	Mar. 31, 2019
Weighted Average Discount Rate [Abstract]
Operating leases	2.50%	3.10%
Finance leases	2.30%
Weighted Average Remaining Lease Term [Abstract]
Operating leases	4 years 10 months 24 days	6 years 6 months
Finance leases	11 years 8 months 12 days

LEASES - Maturity of remaining

LEASES - Maturity of remaining lease liabilities - operating lease (Details) - USD ($) $ in Thousands	Mar. 31, 2020	Mar. 31, 2019
LEASES
Remaining 2020	$ 1,222	$ 562
2021	1,527	715
2022	1,359	584
2023	844	541
2024	631	513
Thereafter	985	1,088
Total lease payments	6,568	4,003
Less: Interest	(427)	(408)
Present value of lease liabilities	$ 6,141	$ 3,595

LEASES - Maturity of remainin_2

LEASES - Maturity of remaining lease liabilities - Finance lease - (Details) $ in Thousands	Mar. 31, 2020USD ($)
LEASES
Remaining 2020	$ 143
2021	175
2022	220
2023	220
2024	220
Thereafter	1,698
Total lease payments	2,676
Less: Interest	(257)
Present value of lease liabilities	$ 2,419

LEASES - Additional information

LEASES - Additional information (Details) - USD ($) $ in Thousands	Mar. 31, 2020	Mar. 31, 2019
Leases
Operating lease ROU assets	$ 6,141	$ 3,595
Minimum [Member]
Leases
Remaining lease term	1 year
Maximum [Member]
Leases
Remaining lease term	11 years

SUBSEQUENT EVENTS_OTHER - Addit

SUBSEQUENT EVENTS/OTHER - Additional Information (Details)	Apr. 24, 2020USD ($)loan	Apr. 03, 2020USD ($)shares	Mar. 02, 2019USD ($)	Mar. 31, 2020USD ($)	Dec. 31, 2019USD ($)
SUBSEQUENT EVENTS/OTHER
Cash payments for business acquisition			$ 5,000
Total assets				$ 4,061,801,000	$ 3,941,863,000
Loans and Leases Receivable, Gross				2,603,871,000	$ 2,601,979,000
Southwest Georgia Financial Corporation
SUBSEQUENT EVENTS/OTHER
Total assets				555,300,000
Loans				391,100,000
Deposits				$ 472,900,000
Subsequent Event | Southwest Georgia Financial Corporation
SUBSEQUENT EVENTS/OTHER
Date of business acquisition		Apr. 3, 2020
Business acquisition, total consideration		$ 47,900,000
Shares issued for business acquisition | shares		2,546,967
Cash payments for business acquisition		$ 2,000
Subsequent Event | Paycheck Protection Program Loan [Member]
SUBSEQUENT EVENTS/OTHER
Number Of Loans Approved	1,660
Loans and Leases Receivable, Gross	$ 199,300,000
Number Of Loans Whose Payments Have Been Modified | loan	926
Principal Balance Of Loans Whose Payments Have Been Modified	$ 401,500,000
Percentage Of Loans Whose Payments Have Been Modified	15.00%