The First Bancshares, Inc. (FBMS) 10-Q6 Nov 202020 Q3 Quarterly reportFinancial data

Company Profile

Document And Entity Information

Document And Entity Information - shares	9 Months Ended
Document And Entity Information - shares	Sep. 30, 2020	Oct. 30, 2020
Document And Entity Information
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Sep. 30, 2020
Document Transition Report	false
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 File Number	000-22507
Entity Address, Address Line One	6480 U.S. Highway 98 West, Suite A
Entity Address, City or Town	Hattiesburg
Entity Address, Country	MS
Entity Address, Postal Zip Code	39402
Entity Incorporation, State or Country Code	MS
Entity Tax Identification Number	64-0862173
City Area Code	601
Local Phone Number	268-8998
Title of 12(b) Security	Common Stock
Security Exchange Name	NASDAQ
Entity Common Stock, Shares Outstanding		21,405,943
Current Fiscal Year End Date	--12-31
Document Fiscal Year Focus	2020
Document Fiscal Period Focus	Q3
Amendment Flag	false

CONSOLIDATED BALANCE SHEETS

CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Sep. 30, 2020	Dec. 31, 2019
ASSETS
Cash and due from banks	$ 131,898	$ 89,736
Interest-bearing deposits with banks	471,838	79,128
Total cash and cash equivalents	603,736	168,864
Securities available-for-sale, at fair value	957,458	765,087
Other securities	27,461	26,690
Total securities	984,919	791,777
Loans held for sale	22,482	10,810
Loans	3,155,932	2,600,358
Allowance for loan losses	(34,256)	(13,908)
Loans, net	3,144,158	2,597,260
Interest receivable	25,822	14,802
Premises and equipment	124,875	104,980
Cash surrender value of bank-owned life insurance	73,356	59,572
Goodwill	158,572	158,572
Other real estate owned	5,202	7,299
Other assets	43,519	38,737
Total assets	5,164,159	3,941,863
Deposits:
Noninterest-bearing	482,236	723,208
Interest-bearing	3,746,978	2,353,325
Total deposits	4,229,214	3,076,533
Interest payable	2,320	2,508
Borrowed funds	115,827	214,319
Subordinated debentures	144,709	80,678
Other liabilities	33,720	24,167
Total liabilities	4,525,790	3,398,205
Shareholders' equity:
Common stock, par value $1 per share, 40,000,000 shares authorized; 21,602,699 shares issued at September 30, 2020, and 18,996,948 shares issued at December 31, 2019, respectively	21,603	18,997
Additional paid-in capital	456,184	409,805
Retained earnings	141,474	110,460
Accumulated other comprehensive income	24,801	10,089
Treasury stock, at cost, 194,682 shares at September 30, 2020 and 194,682 shares at December 31, 2019	(5,693)	(5,693)
Total shareholders' equity	638,369	543,658
Total liabilities and shareholders' equity	$ 5,164,159	$ 3,941,863

CONSOLIDATED BALANCE SHEETS (Pa

CONSOLIDATED BALANCE SHEETS (Parenthetical) - $ / shares	Sep. 30, 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	21,602,699	18,996,948
Treasury stock, shares	194,682	194,682

CONSOLIDATED STATEMENTS OF INCO

CONSOLIDATED STATEMENTS OF INCOME - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
CONSOLIDATED STATEMENTS OF INCOME - USD ($) $ in Thousands	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019
Interest and dividend income:
Interest and fees on loans	$ 40,999	$ 32,480	$ 117,597	$ 93,749
Interest and dividends on securities:
Taxable interest and dividends	3,436	3,924	10,894	11,758
Tax exempt interest	1,877	828	4,985	2,375
Interest on federal funds sold and interest bearing deposits in other banks	26	9	258	203
Total interest income	46,338	37,241	133,734	108,085
Interest expense:
Interest on deposits	4,912	5,061	15,544	14,747
Interest on borrowed funds	1,453	1,721	4,973	4,976
Total interest expense	6,365	6,782	20,517	19,723
Net interest income	39,973	30,459	113,217	88,362
Provision for loan losses	6,921	974	21,628	2,888
Net interest income after provision for loan losses	33,052	29,485	91,589	85,474
Non-interest income:
Gain on sale of securities	32	57	278	131
Gain on acquisition			7,023	0
Gain on sale of premises and equipment		19	461	11
Total non-interest income	8,794	7,103	30,948	19,373
Non-interest expense:
Salaries and employee benefits	15,494	11,612	44,589	33,924
Occupancy and equipment	3,826	2,632	9,943	7,606
Acquisition and integration charges	238	705	3,273	3,975
Other	7,378	5,876	20,640	18,104
Total non-interest expense	26,936	20,825	78,445	63,609
Income before income taxes	14,910	15,763	44,092	41,238
Income tax expense	2,993	3,491	6,921	9,348
Net income	$ 11,917	$ 12,272	$ 37,171	$ 31,890
Earnings per share:
Basic earnings per share	$ 0.56	$ 0.72	$ 1.81	$ 1.91
Diluted earnings per share	$ 0.55	$ 0.71	$ 1.80	$ 1.90
Service charges on deposit accounts
Non-interest income:
Total non-interest income	$ 1,779	$ 1,979	$ 5,289	$ 5,727
Other service charges and fees
Non-interest income:
Other service charges and fees	$ 6,983	$ 5,048	$ 17,897	$ 13,504

CONSOLIDATED STATEMENTS OF COMP

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME
Net income	$ 11,917	$ 12,272	$ 37,171	$ 31,890
Unrealized gains/losses on securities:
Unrealized holding gains arising during period on available-for-sale securities	368	1,369	19,983	16,509
Reclassification adjustment for gains included in net income	32	57	278	131
Unrealized holding gains arising during period on available-for-sale securities	336	1,312	19,705	16,378
Income tax expense	(85)	(378)	(4,993)	(4,209)
Other comprehensive income	251	934	14,712	12,169
Comprehensive Income	$ 12,168	$ 13,206	$ 51,883	$ 44,059

CONSOLIDATED STATEMENTS OF CHAN

CONSOLIDATED STATEMENTS OF CHANGES IN SHAREHOLDERS' 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	31,890	0	$ 0	31,890
Common stock repurchased	0	0	0	0	$ (4,877)	(4,877)
Common stock repurchased (in shares)					(157,439)
Other comprehensive income	0	0	0	12,169	$ 0	12,169
Dividends on common stock	0	0	(3,781)	0	0	(3,781)
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
Issuance of restricted stock grant	$ 75	(75)	0	0	0	0
Issuance of restricted stock grant(in shares)	75,215
Restricted stock grant forfeited	$ (2)	2	0	0	0	0
Restricted stock grant forfeited (in shares)	(2,250)
Compensation expense	$ 0	1,213	0	0	0	1,213
Ending Balance at Sep. 30, 2019	$ 17,308	355,641	100,107	10,373	$ (5,341)	478,088
Ending Balance (in shares) at Sep. 30, 2019	17,307,558				(183,933)
Beginning Balance at Jun. 30, 2019	$ 17,300	355,217	89,231	9,439	$ (4,906)	466,281
Beginning Balance (in shares) at Jun. 30, 2019	17,299,975				(170,060)
Net income	$ 0	0	12,272	0	$ 0	12,272
Common stock repurchased	0	0	0	0	$ (435)	(435)
Common stock repurchased (in shares)					(13,873)
Other comprehensive income	0	0	0	934	$ 0	934
Dividends on common stock	0	0	(1,396)	0	0	(1,396)
Issuance of restricted stock grant	$ 9	(9)	0	0	0	0
Issuance of restricted stock grant(in shares)	8,333
Restricted stock grant forfeited	$ (1)	1	0	0	0	0
Restricted stock grant forfeited (in shares)	(750)
Compensation expense	$ 0	432	0	0	0	432
Ending Balance at Sep. 30, 2019	$ 17,308	355,641	100,107	10,373	$ (5,341)	478,088
Ending Balance (in shares) at Sep. 30, 2019	17,307,558				(183,933)
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	37,171	0	$ 0	37,171
Other comprehensive income	0	0	0	14,712	0	14,712
Dividends on common stock	0	0	(6,157)	0	0	(6,157)
Issuance of common shares for SWG acquisition	$ 2,547	45,311	0	0	0	47,858
Issuance of common shares for SWG acquisition (in shares)	2,546,967
Repurchase of restricted stock for payment of taxes	$ (14)	(423)	0	0	0	(437)
Repurchase of restricted stock for payment of taxes (in shares)	(13,643)
Issuance of restricted stock grant	$ 78	(78)	0	0	0	0
Issuance of restricted stock grant(in shares)	77,689
Restricted stock grant forfeited	$ (5)	5	0	0	0	0
Restricted stock grant forfeited (in shares)	(5,262)
Compensation expense	$ 0	1,564	0	0	0	1,564
Ending Balance at Sep. 30, 2020	$ 21,603	456,184	141,474	24,801	$ (5,693)	638,369
Ending Balance (in shares) at Sep. 30, 2020	21,602,699				(194,682)
Beginning Balance at Jun. 30, 2020	$ 21,590	455,650	131,698	24,550	$ (5,693)	627,795
Beginning Balance (in shares) at Jun. 30, 2020	21,589,940				(194,682)
Net income	$ 0	0	11,917	0	$ 0	11,917
Other comprehensive income	0	0	0	251	0	251
Dividends on common stock	0	0	(2,141)	0	0	(2,141)
Issuance of restricted stock grant	$ 13	(13)	0	0	0	0
Issuance of restricted stock grant(in shares)	13,259
Restricted stock grant forfeited	$ 0	0	0	0	0	0
Restricted stock grant forfeited (in shares)	(500)
Compensation expense	$ 0	547	0	0	0	547
Ending Balance at Sep. 30, 2020	$ 21,603	$ 456,184	$ 141,474	$ 24,801	$ (5,693)	$ 638,369
Ending Balance (in shares) at Sep. 30, 2020	21,602,699				(194,682)

CONSOLIDATED STATEMENTS OF CH_2

CONSOLIDATED STATEMENTS OF CHANGES IN SHAREHOLDERS' EQUITY (Parenthetical) - $ / shares	3 Months Ended		9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019
CONSOLIDATED STATEMENTS OF CHANGES IN SHAREHOLDERS' EQUITY
Dividends on common stock, per Share	$ 0.10	$ 0.08	$ 0.30	$ 0.23

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019
Cash flows from operating activities:
Net income	$ 37,171	$ 31,890
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation, amortization and accretion	6,393	2,333
Provision for loan losses	21,628	2,888
Loss on sale/writedown of ORE	1,150	332
Securities gain	(278)	(131)
Acquisition gain	(7,023)	0
Gain on sale/writedown of premises and equipment	(461)	(11)
Restricted stock expense	1,564	1,213
Increase in cash value of life insurance	(1,139)	(1,146)
Federal Home Loan Bank stock dividends	(118)	(130)
Residential loans originated and held for sale	(232,191)	(134,749)
Proceeds from sale of residential loans held for sale	220,665	128,558
Changes in:
Interest receivable	(8,663)	(278)
Interest payable	(188)	642
Other, net	(2,326)	(162)
Net cash from operating activities	36,184	31,249
Cash flows from investing activities:
Maturities, calls and paydowns of available-for-sale and held-to-maturity securities	152,873	74,871
Proceeds from sales of securities available-for-sale	579	20,290
Purchases of available-for-sale securities	(241,057)	(107,557)
Redemptions (purchases) of other securities	351	(4,377)
Net increase in loans	(161,535)	(42,473)
Purchase of premises and equipment	(6,034)	(6,594)
Proceeds from sale of other real estate owned	3,024	2,694
Proceeds from the sale of land	1,416	0
Proceeds from the sale of premises and equipment	0	1,689
Proceeds from the sale of other assets	0	65
Net proceeds from (payments for) of bank-owned life insurance	(5,682)	0
Cash received in excess of cash paid for acquisitions	29,245	14,743
Net cash provided by (used) in investing activities	(226,820)	(46,649)
Cash flows from financing activities:
Increase/(decrease) in deposits	676,223	(8,628)
Net (decrease)/increase in borrowed funds	(107,992)	33,500
Principal payments on finance lease liabilities	(137)	0
Dividends paid on common stock	(6,063)	(3,712)
Cash paid to repurchase common stock	0	(4,877)
Issuance of subordinated debt, net	63,914	0
Repurchase of restricted stock for payment of taxes	(437)	0
Net cash provided by financing activities	625,508	16,283
Net change in cash and cash equivalents	434,872	883
Beginning cash and cash equivalents	168,864	159,107
Ending cash and cash equivalents	603,736	159,990
Supplemental disclosures:
Cash payments for interest	3,260	4,918
Non-cash activities:
Loans transferred to other real estate	1,752	1,616
Issuance of restricted stock grants	78	75
Dividends on restricted stock grants	94	69
Lease liabilities arising from obtaining right-of-use assets	3,162	4,393
FPB acquisition
Non-cash activities:
Stock issued in connection with acquisition	0	78,220
SWG
Non-cash activities:
Stock issued in connection with acquisition	$ 47,858	$ 0

BASIS OF PRESENTATION

BASIS OF PRESENTATION	9 Months Ended
BASIS OF PRESENTATION	Sep. 30, 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 nine months ended September 30, 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	9 Months Ended
SUMMARY OF ORGANIZATION	Sep. 30, 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 September 30, 2020, the Company had approximately $5.164 billion in assets, $3.144 billion in net loans, $4.229 billion in deposits, and $638.4 million in shareholders’ equity. For the nine months ended September 30, 2020, the Company reported net income of $37.2 million. After-tax merger-related costs of $2.5 million were expensed during the nine months ended September 30, 2020. On August 24, 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 August 10, 2020. On May 26, 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 Thursday, May 11, 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	9 Months Ended
ACCOUNTING STANDARDS	Sep. 30, 2020
ACCOUNTING STANDARDS
ACCOUNTING STANDARDS	NOTE 3 – ACCOUNTING STANDARDS During the nine months ended September 30, 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 Accounting Standards Update (“ASU”) No. 2020-04, Reference Rate Reform (Topic 848): “Facilitation of the Effects of Reference Rate Reform on Financial Reporting.” In March 2020, the FASB issued ASU 2020-03, "Codification Improvements to Financial Instruments." with a cumulative-effect adjustment to beginning retained earnings, as of the beginning of the first reporting period in which the guidance is effective. In December 2019, the FASB issued ASU No. 2019-12, Income Taxes (Topic 740): “Simplifying the Accounting for Income Taxes.” In June 2016, the FASB issued ASU 2016-13, “ Financial Instruments – Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments 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 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.

BUSINESS COMBINATIONS

BUSINESS COMBINATIONS	9 Months Ended
BUSINESS COMBINATIONS	Sep. 30, 2020
BUSINESS COMBINATIONS
BUSINESS COMBINATIONS	NOTE 4 – BUSINESS COMBINATIONS Acquisitions Southwest Financial Corporation On April 3, 2020, the Company completed its acquisition of Southwest Financial Corporation (“SWG”), and immediately thereafter merged its wholly-owned subsidiary, Southwest Georgia Bank with and into The First. The Company paid a total consideration of $47.9 million to the SWG shareholders as consideration in the merger, which included 2,546,967 shares of Company common stock and approximately $2 thousand in cash. In connection with the acquisition, the Company recorded a $7.0 million bargain purchase gain and $4.6 million core deposit intangible. The bargain purchase gain was generated as a result of the estimated fair value of net assets acquired exceeding the merger consideration, based on provisional fair values, which is reflected as an adjustment to retained earnings. The bargain purchase gain is considered non-taxable for income taxes purposes. The core deposit intangible will be amortized to expense over 10 years. The Company acquired the $394.6 million loan portfolio at an estimated fair value discount of $2.3 million. The discount represents expected credit losses, adjusted for market interest rates and liquidity adjustments. Expenses associated with the SWG acquisition were $201 thousand and $2.5 million for the three months and nine months period ended September 30, 2020, respectively. These costs included system conversion and integrating operations charges and legal and consulting expenses, which have been expensed as incurred. The assets acquired and liabilities assumed and consideration paid in the acquisition of SWG were recorded at their estimated fair values based on management’s best estimates using information available at the date of the acquisition and are subject to adjustment for up to one year after the closing date of the acquisition. While the fair values are not expected to be materially different from the estimates, accounting guidance provides that an acquirer must recognize adjustments to provisional amounts that are identified during the measurement period, which runs through April 3, 2021 in respect of SWG, in the measurement period in which the adjustment amounts are determined. The acquirer must record in the financial statements, the effect on earnings of changes in depreciation, amortization or other income effects, if any, as a result of changes to the provisional amounts, calculated as if the accounting had been completed at the acquisition date. The items most susceptible to adjustment are the credit fair value adjustments on loans, core deposit intangible and the deferred income tax assets resulting from the acquisition. The following table summarizes the provisional fair values of the assets acquired and liabilities assumed and the goodwill (bargain purchase gain) generated from the transaction ($ in thousands): Purchase price: Cash and stock $ 47,858 Total purchase price 47,858 Identifiable assets: Cash and due from banks $ 29,247 Investments 89,737 Loans 392,292 Core deposit intangible 4,556 Personal and real property 18,558 Bank owned life insurance 6,963 Other assets 2,588 Total assets 543,941 Liabilities and equity: Deposits 476,099 Borrowed funds 9,500 Other liabilities 3,461 Total liabilities 489,060 Net assets acquired 54,881 Bargain purchase gain $ (7,023) 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 September 30, 2020, are as follows ($ in thousands): April 3, 2020 September 30, 2020 Outstanding principal balance $ 394,621 $ 325,865 Carrying amount 392,292 323,918 PCI loans are discussed more fully in Note 10 – “Loans” of this report. 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 $65 thousand and $643 thousand for the three months and nine months period ended September 30, 2020, respectively. These costs included system conversion and integrating operations charges and legal and consulting expenses, which have been expensed as incurred. The assets acquired and liabilities assumed and consideration paid in the acquisition of FFB were recorded at their estimated fair values based on management’s best estimates using information available at the date of the acquisition and are subject to adjustment for up to one year after the closing date of the acquisition. While the fair values are not expected to be materially different from the estimates, accounting guidance provides that an acquirer must recognize adjustments to provisional amounts that are identified during the measurement period, which runs through November 1, 2020 in respect of FFB, in the measurement period in which the adjustment amounts are determined. The acquirer must record in the financial statements, the effect on earnings of changes in depreciation, amortization or other income effects, if any, as a result of changes to the provisional amounts, calculated as if the accounting had been completed at the acquisition date. The items most susceptible to adjustment are the credit fair value adjustments on loans, core deposit intangible and the deferred income tax assets resulting from the acquisition. The following table summarizes the provisional fair values of the assets acquired and liabilities assumed and the goodwill generated from the transaction ($ 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 September 30, 2020, are as follows ($ in thousands): November 1,2019 September 30,2020 Outstanding principal balance $ 248,916 $ 186,939 Carrying amount 247,263 185,892 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 $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 $0 and $63 thousands for the three months and nine months period ended September 30, 2020. These costs included system conversion and integrating operations charges and legal and consulting expenses, which have been expensed as incurred. All purchase accounting adjustments related to the acquisition are final. The outstanding principal balance and the carrying amount of these loans included in the consolidated balance sheets as of the date of acquisition and at September 30, 2020, are as follows ($ in thousands): March 2,2019 September 30, 2020 Outstanding principal balance $ 247,774 $ 149,979 Carrying amount 244,665 148,438 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 nine months ended September 30, 2020 and 2019 presents supplemental information as if the SWG, 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 Nine months Nine months ended ended September 30, September 30, 2020 2019 ($ in thousands) (unaudited) (unaudited) Net interest income $ 118,774 $ 117,595 Non-interest income 32,149 26,332 Total revenue $ 150,923 $ 143,927 Income before income taxes $ 47,265 $ 57,036 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. Accounting for Purchased Loans with Deteriorated Credit Quality.

EARNINGS APPLICABLE TO COMMON S

EARNINGS APPLICABLE TO COMMON SHAREHOLDERS	9 Months Ended
EARNINGS APPLICABLE TO COMMON SHAREHOLDERS	Sep. 30, 2020
EARNINGS APPLICABLE TO COMMON SHAREHOLDERS
EARNINGS APPLICABLE TO COMMON SHAREHOLDERS	NOTE 5 – EARNINGS APPLICABLE TO COMMON SHAREHOLDERS 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 shareholders ($ in thousands, except per share amount): For the Three Months Ended September 30, 2020 Net Income Shares Per (Numerator) (Denominator) Share Data Basic earnings per share $ 11,917 21,405,309 $ 0.56 Effect of dilutive shares: Restricted stock grants 108,400 Diluted earnings per share $ 11,917 21,513,709 $ 0.55 For the Nine Months ended September 30, 2020 Net Income Shares Per (Numerator) (Denominator) Share Data Basic earnings per share $ 37,171 20,521,779 $ 1.81 Effect of dilutive shares: Restricted stock grants 125,466 Diluted earnings per share $ 37,171 20,647,245 $ 1.80 For the Three Months Ended September 30, 2019 Net Income Shares Per (Numerator) (Denominator) Share Data Basic earnings per share $ 12,272 17,130,610 $ 0.72 Effect of dilutive shares: Restricted stock grants 150,713 Diluted earnings per share $ 12,272 17,281,323 $ 0.71 For the Nine Months ended September 30, 2019 Net Income Shares Per (Numerator) (Denominator) Share Data Basic earnings per share $ 31,890 16,653,045 $ 1.91 Effect of dilutive shares: Restricted stock grants 136,873 Diluted earnings per share $ 31,890 16,789,918 $ 1.90 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. The Company granted 3,750 shares of restricted stock in the second quarter of 2020 and 750 shares of restricted stock during the second quarter of 2019. The Company granted 13,259 shares of restricted stock in the third quarter of 2020 and 8,333 shares of restricted stock during the third quarter of 2019.

COMPREHENSIVE INCOME

COMPREHENSIVE INCOME	9 Months Ended
COMPREHENSIVE INCOME	Sep. 30, 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	9 Months Ended
FINANCIAL INSTRUMENTS WITH OFF-BALANCE-SHEET RISK	Sep. 30, 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 September 30, 2020, and December 31, 2019, these financial instruments consisted of the following: September 30,2020 December 31, 2019 ($ in thousands) Fixed Variable Rate Fixed Rate Variable Rate Commitments to make loans $ 77,607 $ 7,370 $ 42,774 $ 5,676 Unused lines of credit 167,239 193,171 137,966 208,728 Standby letters of credit 5,279 11,948 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% 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	9 Months Ended
	Sep. 30, 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 Level 2 Level 3 The following methods and assumptions were used by the Company to estimate its financial instrument fair values disclosed at September 30, 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, valuing 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 September 30, 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 $ 603,736 $ 603,736 $ 603,736 $ — $ — Securities available-for- sale: U.S. Treasury 9,450 9,450 9,450 — — Obligations of U.S. government agencies and sponsored entities 100,603 100,603 — 100,603 — Municipal securities 416,567 416,567 — 401,310 15,257 Mortgage- backed securities 402,458 402,458 — 402,458 — Corporate obligations 28,380 28,380 — 28,139 241 Loans, net 3,144,158 3,115,390 — — 3,115,390 Accrued interest receivable 25,822 25,822 — 5,291 20,531 Liabilities: Noninterest-bearing deposits $ 482,236 $ 482,236 $ — $ 482,236 $ — Interest-bearing deposits 3,746,978 3,757,864 — 3,757,864 — Subordinated debentures 144,709 140,905 — — 140,905 FHLB and other borrowings 115,827 115,827 — 115,827 — Accrued interest payable 2,320 2,320 — 2,320 — 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: September 30, 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 $ 9,450 $ 9,450 $ — $ — Obligations of U.S. Government agencies and sponsored entities 100,603 — 100,603 — Municipal securities 416,567 — 401,310 15,257 Mortgage-backed securities 402,458 — 402,458 — Corporate obligations 28,380 — 28,139 241 Total available-for-sale $ 957,458 $ 9,450 $ 932,510 $ 15,498 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 Paydowns (273) — Unrealized gain/(loss) included in comprehensive income 106 (466) Balance at September 30,2020 and December 31,2019 $ 241 $ 408 Municipal Securities ($ in thousands) 2020 2019 Balance, January 1 $ 10,345 $ 7,574 Unrealized gain included in comprehensive income 4,912 2,771 Balance at September 30,2020 and December 31,2019 $ 15,257 $ 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 September 30, 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 September 30,2020 $ 241 Discounted cash flow Probability of default 1.11% - 2.50% 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 September 30,2020 $ 15,257 Discounted cash flow Discount Rate 0.60% - 2.50% 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 September 30, 2020 and December 31, 2019. September 30, 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 $ 9,720 $ — $ — $ 9,720 Other real estate owned 5,202 — — 5,202 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	9 Months Ended
SECURITIES	Sep. 30, 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 September 30, 2020 and December 31, 2019 and the corresponding amounts of gross unrealized gains and losses recognized in accumulated other comprehensive income (loss): September 30, 2020 Gross Gross Amortized Unrealized Unrealized Fair ($ in thousands) Cost Gains Losses Value Available-for-sale securities: U.S. Treasury $ 9,080 $ 370 $ — $ 9,450 Obligations of U.S. government agencies and sponsored entities 97,463 3,168 28 100,603 Tax-exempt and taxable obligations of states and municipal subdivisions 403,518 13,642 593 416,567 Mortgage-backed securities - residential 238,920 9,263 16 248,167 Mortgage-backed securities - commercial 147,766 6,563 38 154,291 Corporate obligations 27,510 912 42 28,380 Total $ 924,257 $ 33,918 $ 717 $ 957,458 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. September 30,2020 December 31, 2019 Available-for-Sale Available-for-Sale Amortized Fair Amortized Fair ($ in thousands) Cost Value Cost Value Due less than one year $ 30,084 $ 30,284 $ 30,141 $ 30,303 Due after one year through five years 123,842 127,542 80,119 81,372 Due after five years through ten years 185,005 192,052 143,811 148,085 Due greater than ten years 198,640 205,122 108,999 110,012 Mortgage-backed securities - residential 238,920 248,167 263,229 267,848 Mortgage-backed securities - commercial 147,766 154,291 125,292 127,467 Total $ 924,257 $ 957,458 $ 751,591 $ 765,087 The carrying value of securities pledged as collateral, to secure public deposits and for other purposes, was $586.3 million and $436.0 million at September 30, 2020 and December 31, 2019, respectively. The following table summarizes available-for-sale securities with unrealized and unrecognized losses at September 30, 2020 and December 31, 2019, aggregated by major security type and length of time in a continuous unrealized or unrecognized loss position: September 30,2020 Losses < 12 Months Losses 12 Months or > Total Gross Gross Gross Fair Unrealized Fair Unrealized Fair Unrealized ($ in thousands) Value Losses Value Losses Value Losses U.S. Treasury $ — $ — $ — $ — $ — $ — Obligations of U.S government agencies and sponsored entities 7,695 26 366 2 8,061 28 Tax-exempt and taxable obligations of state and municipal subdivisions 35,175 593 — — 35,175 593 Mortgage-backed securities - residential 3,345 16 11 — 3,356 16 Mortgage-backed securities - commercial 28,549 5 5,690 33 34,239 38 Corporate obligations 4,606 33 39 9 4,645 42 Total $ 79,370 $ 673 $ 6,106 $ 44 $ 85,476 $ 717 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 27,913 146 322 1 28,235 147 Mortgage-backed securities - residential 22,328 55 7,602 52 29,930 107 Mortgage-backed securities - commercial 10,787 166 17,649 57 28,436 223 Corporate obligations 10,636 49 436 100 11,072 149 Total $ 99,545 $ 713 $ 26,009 $ 210 $ 125,554 $ 923 At September 30, 2020 and December 31, 2019, the Company’s securities portfolio consisted of 97 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 nine months ended September 30, 2020 or the year ended December 31, 2019.

LOANS

LOANS	9 Months Ended
LOANS	Sep. 30, 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 real estate Consumer real estate Installment and other 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. September 30, 2020 Past Due Past Due 90 Total 30 to 89 Days or More Past Due, Days and and Non accrual Total ($ in thousands) Accruing Still Accruing Non accrual PCI and PCI Loans Commercial, financial and agriculture(1) $ 815 $ — $ 2,737 $ 235 $ 3,787 $ 576,812 Commercial real estate 11,123 1,081 21,445 3,486 37,135 1,646,325 Consumer real estate 2,848 1,306 2,660 6,697 13,511 874,640 Consumer installment 229 9 36 4 278 42,332 Lease financing receivable — — — — — 2,478 Obligations of states and subdivisions — — — — — 13,345 Total $ 15,015 $ 2,396 $ 26,878 $ 10,422 $ 54,711 $ 3,155,932 (1) Total loan balance as of September 30, 2020 includes $260.2 million in PPP loans. December 31,2019 Past Due 90 Total Past Due Days or Past Due, 30 to 89 More and Still Non accrual Total ($ in thousands) Days Accruing Non 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, 2019 and 2020. 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 (PCI 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 and 2020. ($ in thousands) FPB FFB SWG Total Contractually required payments at acquisition $ 4,715 $ 947 $ 882 $ 6,544 Cash flows expected to be collected at acquisition 4,295 955 570 5,820 Fair value of loans at acquisition 3,916 809 526 5,251 Total outstanding PCI loans were $11.9 million and the related purchase accounting discount was $3.5 million as of September 30, 2020, and $14.6 million and $3.3 million as of December 31, 2019, respectively. The outstanding balance of these loans is the undiscounted sum of all amounts, including amounts deemed principal, interest, fees, penalties, and other under the loans, owed at the reporting date, whether or not currently due and whether or not any such amounts have been charged off. Changes in the carrying amount and accretable yield for purchased credit impaired loans were as follows at September 30, 2020 and 2019 ($ in thousands): September 30, 2020 September 30, 2019 Accretable Accretable Yield Yield Balance at beginning of period, January 1 $ 3,714 $ 3,835 Additions, including transfers from non-accretable 569 452 Accretion (738) (845) Balance at end of period, September 30 $ 3,545 $ 3,442 The following tables provide detail of impaired loans broken out according to class as of September 30, 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. September 30, 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 $ 259 $ 261 $ — $ 264 $ 2 Commercial real estate 12,634 12,830 — 13,283 10 Consumer real estate 830 875 — 816 5 Consumer installment 25 26 — 15 1 Total $ 13,748 $ 13,992 $ — $ 14,378 $ 18 Impaired loans with a related allowance: Commercial, financial and agriculture $ 2,528 $ 2,539 $ 1,285 $ 2,168 $ 44 Commercial real estate 12,514 12,896 4,804 12,258 99 Consumer real estate 944 1,000 189 801 19 Consumer installment 28 29 16 106 — Total $ 16,014 $ 16,464 $ 6,294 $ 15,333 $ 162 Total impaired loans: Commercial, financial and agriculture $ 2,787 $ 2,800 $ 1,285 $ 2,432 $ 46 Commercial real estate 25,148 25,726 4,804 25,541 109 Consumer real estate 1,774 1,875 189 1,617 24 Consumer installment 53 55 16 121 1 Total Impaired Loans $ 29,762 $ 30,456 $ 6,294 $ 29,711 $ 180 As of September 30, 2020, the Company had $1.1 million of foreclosed residential real estate property obtained by physical possession and $1.2 million of consumer mortgage loans secured by residential real estate properties for which foreclosure proceedings are in process according to local jurisdictions. December 31, 2019 Average Interest Recorded Income Recorded Unpaid Related Investment Recognized ($ 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 charts above is materially the same as the interest recognized during impairment for period ended September 30, 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 and nine months ended September 30, 2020, was $391 thousand and $1.1 million, respectively. The Company had no loan commitments to borrowers in nonaccrual status at September 30, 2020 and December 31, 2019. Troubled Debt Restructuring If the Company grants a concession to a borrower in financial difficulty, the loan is classified as a troubled debt restructuring (“TDR”). The following table presents loans by class modified as troubled debt restructurings (TDRs) that occurred during the three months and nine months ended September 30, 2020 and 2019 ($ 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 real estate 2 $ 573 $ 602 Total 2 $ 573 $ 602 2019 Commercial, financial and agriculture 3 $ 315 $ 313 Commercial real estate 5 14,154 14,154 Consumer real estate 1 46 41 Consumer installment 1 6 6 Total 10 $ 14,521 $ 14,514 The TDRs presented above increased the allowance for loan losses $29 thousand and $2.3 million and resulted in no charge-offs for the three months period ended September 30, 2020 and 2019, respectively. ($ in thousands, except for number of loans) Nine Months Ended Outstanding Outstanding Recorded Recorded Number of Investment Investment 2020 Loans Pre-Modification Post-Modification Commercial, financial and agriculture 2 $ 47 $ 46 Commercial real estate 5 1,506 1,530 Total 7 $ 1,553 $ 1,576 2019 Commercial, financial and agriculture 5 $ 970 $ 958 Commercial real estate 7 14,244 14,240 Consumer real estate 1 46 41 Consumer installment 1 6 6 Total 14 $ 15,266 $ 15,245 The TDRs presented above increased the allowance for loan losses $76 thousand and $2.6 million and resulted in no charge-offs for the nine months period ended September 30, 2020 and 2019, respectively. The balance of TDRs decreased $1.8 million to $30.2 million at September 30, 2020 compared to $32.0 million at December 31, 2019. As of September 30, 2020, the Company had no additional amount committed on any loan classified as TDR. The following table presents loans by class modified as troubled debt restructurings for which there was a payment default within twelve months following the modification ($ in thousands, except for number of loans). Nine months ended Nine months ended September 30, 2020 September 30, 2019 Troubled Debt Restructurings Number of Recorded Number of Recorded That Subsequently Defaulted: Loans Investment Loans Investment Commercial, financial and agriculture — $ — 3 $ 427 Commercial real estate 4 2,291 11 17,267 Consumer real estate — — 2 158 Consumer installment 1 3 — — Total 5 $ 2,294 16 $ 17,852 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 loans nor were any of these loans written down. The TDRs presented above increased the allowance for loan losses $54 thousand and $2.0 million and resulted in no charge-offs for the nine months period ended September 30, 2020 and 2019, respectively. The following tables represents the Company’s TDRs at September 30, 2020 and December 31, 2019: Past Due 90 September 30, 2020 Current Past Due days and still ($ in thousands) Loans 30‑89 accruing Nonaccrual Total Commercial, financial and agriculture $ 30 $ 37 $ — $ 1,495 $ 1,562 Commercial real estate 4,641 29 — 19,439 24,109 Consumer real estate 1,849 — — 2,695 4,544 Consumer installment 24 3 — — 27 Total $ 6,544 $ 69 $ — $ 23,629 $ 30,242 Allowance for loan losses $ 137 $ 29 $ — $ 3,780 $ 3,946 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: Special Mention Substandard Doubtful As of September 30, 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: Commercial, September 30, 2020 Financial and Commercial Consumer Consumer ($ in thousands) Agriculture Real Estate Real Estate Installment Total Pass $ 575,621 $ 1,872,964 $ 541,829 $ 46,214 $ 3,036,628 Special Mention 1,819 37,284 1,573 24 40,700 Substandard 10,585 61,441 14,105 161 86,292 Doubtful 1,963 23 — — 1,986 Subtotal $ 589,988 $ 1,971,712 $ 557,507 $ 46,399 $ 3,165,606 Less: Unearned Discount — 9,674 — — 9,674 Loans, net of unearned discount $ 589,988 $ 1,962,038 $ 557,507 $ 46,399 $ 3,155,932 Commercial, December 31, 2019 Financial and Commercial Consumer Consumer ($ in thousands) Agriculture Real Estate Real 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 three and nine months period ended September 30, 2020 and 2019: Three months ended September 30,2020 Commercial, Paycheck Financial and Commercial Consumer Installment Protection ($ in thousands) Agriculture Real Estate Real Estate and Other Program Unallocated Total Allowance for loan losses: Beginning balance $ 5,208 $ 18,526 $ 3,741 $ 459 $ 130 $ — $ 28,064 Provision for loan losses 607 5,371 1,077 (4) (130) — 6,921 Loans charged-off (78) (769) (55) (32) — — (934) Recoveries 37 18 17 133 — — 205 Total ending allowance balance $ 5,774 $ 23,146 $ 4,780 $ 556 $ — $ — $ 34,256 Nine months ended September 30,2020 Commercial, Commercial Consumer Installment Paycheck Financial and Real Real and Protection ($ in thousands) Agriculture Estate Estate Other Program Unallocated Total Allowance for loan losses: Beginning balance $ 3,043 $ 8,836 $ 1,694 $ 296 $ — $ 39 $ 13,908 Provision for loan losses 2,936 15,096 3,057 578 — (39) 21,628 Loans charged-off (342) (1,165) (151) (645) — — (2,303) Recoveries 137 379 180 327 — — 1,023 Total ending allowance balance $ 5,774 $ 23,146 $ 4,780 $ 556 $ — $ — $ 34,256 Three months ended September 30,2019 Commercial, Financial and Commercial Consumer Installment ($ in thousands) Agriculture Real Estate Real Estate and Other Unallocated Total Allowance for loan losses: Beginning balance $ 2,432 $ 7,872 $ 1,489 $ 250 $ 48 $ 12,091 Provision for loan losses (82) 787 294 18 (43) 974 Loans charged-off (17) 66 (174) (76) — (201) Recoveries 24 9 64 82 — 179 Total ending allowance balance $ 2,357 $ 8,734 $ 1,673 $ 274 $ 5 $ 13,043 Nine months ended September 30,2019 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 269 2,454 (19) (18) 202 2,888 Loans charged-off (23) — (216) (143) — (382) Recoveries 51 22 165 234 — 472 Total ending allowance balance $ 2,357 $ 8,734 $ 1,673 $ 274 $ 5 $ 13,043 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 September 30, 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. Commercial, Installment September 30, 2020 Financial and Commercial Consumer and ($ in thousands) Agriculture Real Estate Real Estate Other Unallocated Total Loans Individually evaluated $ 2,787 $ 25,148 $ 1,774 $ 53 $ — $ 29,762 Collectively evaluated 586,939 1,977,139 500,317 46,322 — 3,110,717 PCI Loans 262 9,390 5,777 24 — 15,453 Total $ 589,988 $ 2,011,677 $ 507,868 $ 46,399 $ — $ 3,155,932 Allowance for Loan Losses Individually evaluated $ 1,285 $ 4,804 $ 189 $ 16 $ — $ 6,294 Collectively evaluated 4,489 18,342 4,591 540 — 27,962 Total $ 5,774 $ 23,146 $ 4,780 $ 556 $ — $ 34,256 Commercial, Installment December 31, 2019 Financial and Commercial Consumer and ($ in thousands) 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	9 Months Ended
REVENUE FROM CONTRACTS WITH CUSTOMERS	Sep. 30, 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 Interchange Income Gains/Losses on Sales of OREO All of the Company’s revenue from contracts with customers in the scope of ASC 606 is recognized within non-interest income. The following table presents the Company’s sources of non-interest income revenue, by operating segments, for the three months and nine months period ended September 30, 2020 and 2019. Items outside the scope of ASC 606 are noted as such. Three Months Ended September 30,2020 Nine Months Ended September 30,2020 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 $ 750 $ — $ — $ 750 $ 2,330 $ — $ — $ 2,330 Other 1,029 — — 1,029 2,958 1 — 2,959 Interchange income 2,491 — — 2,491 6,871 — — 6,871 Investment brokerage fees 277 — — 277 659 — — 659 Net gains (losses) on OREO (55) — — (55) (396) — — (396) Net gains (losses) on sales of securities (a) 32 — — 32 278 — — 278 Gain on acquisition — — — — 7,023 — — 7,023 Gain on premises and equipment — — — — 461 — — 461 Other 1,313 2,961 (4) 4,270 3,581 7,173 9 10,763 Total non-interest income $ 5,837 $ 2,961 $ (4) $ 8,794 $ 23,765 $ 7,174 $ 9 $ 30,948 Three Months Ended September 30,2019 Nine Months Ended September 30,2019 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 $ 1,117 $ — $ — $ 1,117 $ 3,129 $ 1 $ — $ 3,130 Other 861 1 — 862 2,596 2 — 2,598 Interchange income 2,252 — — 2,252 5,949 — — 5,949 Investment brokerage fees 24 — — 24 58 — — 58 Net gains (losses) on OREO 51 — — 51 23 — — 23 Net gains (losses) on sales of securities (a) 57 — — 57 131 — — 131 Gain on premises and equipment 19 — — 19 11 — — 11 Other 913 1,799 9 2,721 2,860 4,265 348 7,473 Total non-interest income $ 5,294 $ 1,800 $ 9 $ 7,103 $ 14,757 $ 4,268 $ 348 $ 19,373 (a) Not within scope of ASC 606

LEASES

LEASES	9 Months Ended
LEASES	Sep. 30, 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. The following table details balance sheet information, as well as weighted-average lease terms and discount rates, related to leases at September 30, 2020 and December 31, 2019 ($ in thousands). September 30, 2020 December 31, 2019 Right-of-use assets: Operating leases $ 6,427 $ 6,518 Finance leases, net of accumulated depreciation 2,719 — Total right-of-use assets $ 9,146 $ 6,518 Lease liabilities: Operating lease $ 6,427 $ 6,518 Finance lease 2,327 — Total lease liabilities $ 8,754 $ 6,518 Weighted average remaining lease term Operating leases 4.6 years 6.2 years Finance leases 11.2 years — Weighted average discount rate Operating leases 2.3 % 3.1 % Finance leases 2.3 % — The table below summarizes our net lease costs ($ in thousands): Three months ended Nine months ended September 30, September 30, 2020 2019 2020 2019 Operating lease cost $ 431 $ 231 $ 1,252 $ 581 Finance lease cost: Interest on lease liabilities 2 — 6 — Amortization of right-of-use 61 — 122 — Net lease cost $ 494 $ 231 $ 1,380 $ 581 The table below summarizes the maturity of remaining lease liabilities at September 30, 2020 and December 31, 2019 ($ in thousands): September 30, 2020 Operating Leases Finance Leases Remaining 2020 $ 434 $ 48 2021 1,741 193 2022 1,574 220 2023 1,058 220 2024 846 220 Thereafter 1,143 1,680 Total lease payments $ 6,796 $ 2,581 Less: Interest (369) (254) Present value of lease liabilities $ 6,427 $ 2,327 December 31, 2019 Operating Leases Finance Leases 2020 $ 1,643 — 2021 1,527 — 2022 1,359 — 2023 844 — 2024 631 — Thereafter 981 — Total lease payments $ 6,985 — Less: Interest (467) — Present value of lease liabilities $ 6,518 —

COVID-19 UPDATE

COVID-19 UPDATE	9 Months Ended
COVID-19 UPDATE	Sep. 30, 2020
COVID-19 UPDATE
COVID-19 UPDATE	NOTE 13 – COVID-19 UPDATE The COVID-19 pandemic continues to have significant effects on global markets, supply chains, businesses and communities. COVID-19 could potentially impact the Company’s future financial condition and results 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. 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. The pandemic is having an adverse impact on certain industries the Company serves, including hotels, restaurants, retail, convenience stores, healthcare, and direct energy. As of September 30, 2020, the Company’s aggregate outstanding exposure in these segments was $452.5 million, and total loan modifications resulting from COVID-19 were approximately $709.6 million. While it is still not yet possible to know the full effect that the pandemic will have on the economy, or to what extent this crisis will impact the Company, all available current industry statistics and internal monitoring of loan repayment ability and payment forgiveness across the portfolio has been analyzed in an attempt to understand the correlation with asset quality and degree of possible deterioration. Despite recent improvements in certain economic indicators, significant constraints to commerce remain in place, and significant uncertainty remains over the timing of an effective and widely available coronavirus vaccine, the timing and scope of additional government stimulus packages, and the economic impact resulting from the outcome of the November 2020 elections. The duration and extent of the downturn and speed of the related recovery on our business, customers, and the economy as a whole remains uncertain. It is unknown how long the adverse conditions associated with the COVID-19 pandemic will last and what the complete financial effect will be to the Company. It is reasonably possible that estimates made in the financial statements could be materially and adversely impacted in the near term as a result of these conditions, including the determination of the allowance for loan losses, fair value of financial instruments, impairment of goodwill and other intangible assets and income taxes.

RECLASSIFICATION

RECLASSIFICATION	9 Months Ended
RECLASSIFICATION	Sep. 30, 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)	9 Months Ended
BUSINESS COMBINATIONS (Tables)	Sep. 30, 2020
Business Acquisition, Pro Forma Information	The following unaudited pro-forma financial data for the nine months ended September 30, 2020 and 2019 presents supplemental information as if the SWG, 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 Nine months Nine months ended ended September 30, September 30, 2020 2019 ($ in thousands) (unaudited) (unaudited) Net interest income $ 118,774 $ 117,595 Non-interest income 32,149 26,332 Total revenue $ 150,923 $ 143,927 Income before income taxes $ 47,265 $ 57,036
SWG
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed	The following table summarizes the provisional fair values of the assets acquired and liabilities assumed and the goodwill (bargain purchase gain) generated from the transaction ($ in thousands): Purchase price: Cash and stock $ 47,858 Total purchase price 47,858 Identifiable assets: Cash and due from banks $ 29,247 Investments 89,737 Loans 392,292 Core deposit intangible 4,556 Personal and real property 18,558 Bank owned life insurance 6,963 Other assets 2,588 Total assets 543,941 Liabilities and equity: Deposits 476,099 Borrowed funds 9,500 Other liabilities 3,461 Total liabilities 489,060 Net assets acquired 54,881 Bargain purchase gain $ (7,023)
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 September 30, 2020, are as follows ($ in thousands): April 3, 2020 September 30, 2020 Outstanding principal balance $ 394,621 $ 325,865 Carrying amount 392,292 323,918
First Florida Bancorp, Inc
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed	The following table summarizes the provisional fair values of the assets acquired and liabilities assumed and the goodwill generated from the transaction ($ 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 September 30, 2020, are as follows ($ in thousands): November 1,2019 September 30,2020 Outstanding principal balance $ 248,916 $ 186,939 Carrying amount 247,263 185,892
FPB
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 September 30, 2020, are as follows ($ in thousands): March 2,2019 September 30, 2020 Outstanding principal balance $ 247,774 $ 149,979 Carrying amount 244,665 148,438

EARNINGS APPLICABLE TO COMMON_2

EARNINGS APPLICABLE TO COMMON SHAREHOLDERS (Tables)	9 Months Ended
EARNINGS APPLICABLE TO COMMON SHAREHOLDERS (Tables)	Sep. 30, 2020
EARNINGS APPLICABLE TO COMMON SHAREHOLDERS
Reconciliation of Numerators and Denominators of Basic and Diluted Computations Applicable to Common Shareholders	The following tables disclose the reconciliation of the numerators and denominators of the basic and diluted computations applicable to common shareholders ($ in thousands, except per share amount): For the Three Months Ended September 30, 2020 Net Income Shares Per (Numerator) (Denominator) Share Data Basic earnings per share $ 11,917 21,405,309 $ 0.56 Effect of dilutive shares: Restricted stock grants 108,400 Diluted earnings per share $ 11,917 21,513,709 $ 0.55 For the Nine Months ended September 30, 2020 Net Income Shares Per (Numerator) (Denominator) Share Data Basic earnings per share $ 37,171 20,521,779 $ 1.81 Effect of dilutive shares: Restricted stock grants 125,466 Diluted earnings per share $ 37,171 20,647,245 $ 1.80 For the Three Months Ended September 30, 2019 Net Income Shares Per (Numerator) (Denominator) Share Data Basic earnings per share $ 12,272 17,130,610 $ 0.72 Effect of dilutive shares: Restricted stock grants 150,713 Diluted earnings per share $ 12,272 17,281,323 $ 0.71 For the Nine Months ended September 30, 2019 Net Income Shares Per (Numerator) (Denominator) Share Data Basic earnings per share $ 31,890 16,653,045 $ 1.91 Effect of dilutive shares: Restricted stock grants 136,873 Diluted earnings per share $ 31,890 16,789,918 $ 1.90

FINANCIAL INSTRUMENTS WITH OF_2

FINANCIAL INSTRUMENTS WITH OFF-BALANCE-SHEET RISK (Tables)	9 Months Ended
FINANCIAL INSTRUMENTS WITH OFF-BALANCE-SHEET RISK (Tables)	Sep. 30, 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 September 30, 2020, and December 31, 2019, these financial instruments consisted of the following: September 30,2020 December 31, 2019 ($ in thousands) Fixed Variable Rate Fixed Rate Variable Rate Commitments to make loans $ 77,607 $ 7,370 $ 42,774 $ 5,676 Unused lines of credit 167,239 193,171 137,966 208,728 Standby letters of credit 5,279 11,948 3,648 8,475

FAIR VALUE DISCLOSURES AND RE_2

FAIR VALUE DISCLOSURES AND REPORTING, THE FAIR VALUE OPTION AND FAIR VALUE MEASUREMENTS (Tables)	9 Months Ended
	Sep. 30, 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 September 30, 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 $ 603,736 $ 603,736 $ 603,736 $ — $ — Securities available-for- sale: U.S. Treasury 9,450 9,450 9,450 — — Obligations of U.S. government agencies and sponsored entities 100,603 100,603 — 100,603 — Municipal securities 416,567 416,567 — 401,310 15,257 Mortgage- backed securities 402,458 402,458 — 402,458 — Corporate obligations 28,380 28,380 — 28,139 241 Loans, net 3,144,158 3,115,390 — — 3,115,390 Accrued interest receivable 25,822 25,822 — 5,291 20,531 Liabilities: Noninterest-bearing deposits $ 482,236 $ 482,236 $ — $ 482,236 $ — Interest-bearing deposits 3,746,978 3,757,864 — 3,757,864 — Subordinated debentures 144,709 140,905 — — 140,905 FHLB and other borrowings 115,827 115,827 — 115,827 — Accrued interest payable 2,320 2,320 — 2,320 — 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: September 30, 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 $ 9,450 $ 9,450 $ — $ — Obligations of U.S. Government agencies and sponsored entities 100,603 — 100,603 — Municipal securities 416,567 — 401,310 15,257 Mortgage-backed securities 402,458 — 402,458 — Corporate obligations 28,380 — 28,139 241 Total available-for-sale $ 957,458 $ 9,450 $ 932,510 $ 15,498 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 Paydowns (273) — Unrealized gain/(loss) included in comprehensive income 106 (466) Balance at September 30,2020 and December 31,2019 $ 241 $ 408 Municipal Securities ($ in thousands) 2020 2019 Balance, January 1 $ 10,345 $ 7,574 Unrealized gain included in comprehensive income 4,912 2,771 Balance at September 30,2020 and December 31,2019 $ 15,257 $ 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 September 30, 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 September 30,2020 $ 241 Discounted cash flow Probability of default 1.11% - 2.50% 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 September 30,2020 $ 15,257 Discounted cash flow Discount Rate 0.60% - 2.50% 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 September 30, 2020 and December 31, 2019. September 30, 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 $ 9,720 $ — $ — $ 9,720 Other real estate owned 5,202 — — 5,202 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)	9 Months Ended
SECURITIES (Tables)	Sep. 30, 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 September 30, 2020 and December 31, 2019 and the corresponding amounts of gross unrealized gains and losses recognized in accumulated other comprehensive income (loss): September 30, 2020 Gross Gross Amortized Unrealized Unrealized Fair ($ in thousands) Cost Gains Losses Value Available-for-sale securities: U.S. Treasury $ 9,080 $ 370 $ — $ 9,450 Obligations of U.S. government agencies and sponsored entities 97,463 3,168 28 100,603 Tax-exempt and taxable obligations of states and municipal subdivisions 403,518 13,642 593 416,567 Mortgage-backed securities - residential 238,920 9,263 16 248,167 Mortgage-backed securities - commercial 147,766 6,563 38 154,291 Corporate obligations 27,510 912 42 28,380 Total $ 924,257 $ 33,918 $ 717 $ 957,458 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 amortized cost and fair value of debt securities	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. September 30,2020 December 31, 2019 Available-for-Sale Available-for-Sale Amortized Fair Amortized Fair ($ in thousands) Cost Value Cost Value Due less than one year $ 30,084 $ 30,284 $ 30,141 $ 30,303 Due after one year through five years 123,842 127,542 80,119 81,372 Due after five years through ten years 185,005 192,052 143,811 148,085 Due greater than ten years 198,640 205,122 108,999 110,012 Mortgage-backed securities - residential 238,920 248,167 263,229 267,848 Mortgage-backed securities - commercial 147,766 154,291 125,292 127,467 Total $ 924,257 $ 957,458 $ 751,591 $ 765,087
Schedule of securities classified as available-for-sale with unrealized losses	The carrying value of securities pledged as collateral, to secure public deposits and for other purposes, was $586.3 million and $436.0 million at September 30, 2020 and December 31, 2019, respectively. The following table summarizes available-for-sale securities with unrealized and unrecognized losses at September 30, 2020 and December 31, 2019, aggregated by major security type and length of time in a continuous unrealized or unrecognized loss position: September 30,2020 Losses < 12 Months Losses 12 Months or > Total Gross Gross Gross Fair Unrealized Fair Unrealized Fair Unrealized ($ in thousands) Value Losses Value Losses Value Losses U.S. Treasury $ — $ — $ — $ — $ — $ — Obligations of U.S government agencies and sponsored entities 7,695 26 366 2 8,061 28 Tax-exempt and taxable obligations of state and municipal subdivisions 35,175 593 — — 35,175 593 Mortgage-backed securities - residential 3,345 16 11 — 3,356 16 Mortgage-backed securities - commercial 28,549 5 5,690 33 34,239 38 Corporate obligations 4,606 33 39 9 4,645 42 Total $ 79,370 $ 673 $ 6,106 $ 44 $ 85,476 $ 717 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 27,913 146 322 1 28,235 147 Mortgage-backed securities - residential 22,328 55 7,602 52 29,930 107 Mortgage-backed securities - commercial 10,787 166 17,649 57 28,436 223 Corporate obligations 10,636 49 436 100 11,072 149 Total $ 99,545 $ 713 $ 26,009 $ 210 $ 125,554 $ 923

LOANS (Tables)

LOANS (Tables)	9 Months Ended
LOANS (Tables)	Sep. 30, 2020
LOANS
Schedule of Company's loans that are past due and nonaccrual loans including PCI loans	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. September 30, 2020 Past Due Past Due 90 Total 30 to 89 Days or More Past Due, Days and and Non accrual Total ($ in thousands) Accruing Still Accruing Non accrual PCI and PCI Loans Commercial, financial and agriculture(1) $ 815 $ — $ 2,737 $ 235 $ 3,787 $ 576,812 Commercial real estate 11,123 1,081 21,445 3,486 37,135 1,646,325 Consumer real estate 2,848 1,306 2,660 6,697 13,511 874,640 Consumer installment 229 9 36 4 278 42,332 Lease financing receivable — — — — — 2,478 Obligations of states and subdivisions — — — — — 13,345 Total $ 15,015 $ 2,396 $ 26,878 $ 10,422 $ 54,711 $ 3,155,932 (1) Total loan balance as of September 30, 2020 includes $260.2 million in PPP loans. December 31,2019 Past Due 90 Total Past Due Days or Past Due, 30 to 89 More and Still Non accrual Total ($ in thousands) Days Accruing Non 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
Schedule of Payments receivable	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 and 2020. ($ in thousands) FPB FFB SWG Total Contractually required payments at acquisition $ 4,715 $ 947 $ 882 $ 6,544 Cash flows expected to be collected at acquisition 4,295 955 570 5,820 Fair value of loans at acquisition 3,916 809 526 5,251
Schedule of purchased credit impaired loans	Changes in the carrying amount and accretable yield for purchased credit impaired loans were as follows at September 30, 2020 and 2019 ($ in thousands): September 30, 2020 September 30, 2019 Accretable Accretable Yield Yield Balance at beginning of period, January 1 $ 3,714 $ 3,835 Additions, including transfers from non-accretable 569 452 Accretion (738) (845) Balance at end of period, September 30 $ 3,545 $ 3,442
Schedule of impaired loans	The following tables provide detail of impaired loans broken out according to class as of September 30, 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. September 30, 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 $ 259 $ 261 $ — $ 264 $ 2 Commercial real estate 12,634 12,830 — 13,283 10 Consumer real estate 830 875 — 816 5 Consumer installment 25 26 — 15 1 Total $ 13,748 $ 13,992 $ — $ 14,378 $ 18 Impaired loans with a related allowance: Commercial, financial and agriculture $ 2,528 $ 2,539 $ 1,285 $ 2,168 $ 44 Commercial real estate 12,514 12,896 4,804 12,258 99 Consumer real estate 944 1,000 189 801 19 Consumer installment 28 29 16 106 — Total $ 16,014 $ 16,464 $ 6,294 $ 15,333 $ 162 Total impaired loans: Commercial, financial and agriculture $ 2,787 $ 2,800 $ 1,285 $ 2,432 $ 46 Commercial real estate 25,148 25,726 4,804 25,541 109 Consumer real estate 1,774 1,875 189 1,617 24 Consumer installment 53 55 16 121 1 Total Impaired Loans $ 29,762 $ 30,456 $ 6,294 $ 29,711 $ 180 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 and nine months ended September 30, 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 real estate 2 $ 573 $ 602 Total 2 $ 573 $ 602 2019 Commercial, financial and agriculture 3 $ 315 $ 313 Commercial real estate 5 14,154 14,154 Consumer real estate 1 46 41 Consumer installment 1 6 6 Total 10 $ 14,521 $ 14,514 The TDRs presented above increased the allowance for loan losses $29 thousand and $2.3 million and resulted in no charge-offs for the three months period ended September 30, 2020 and 2019, respectively. ($ in thousands, except for number of loans) Nine Months Ended Outstanding Outstanding Recorded Recorded Number of Investment Investment 2020 Loans Pre-Modification Post-Modification Commercial, financial and agriculture 2 $ 47 $ 46 Commercial real estate 5 1,506 1,530 Total 7 $ 1,553 $ 1,576 2019 Commercial, financial and agriculture 5 $ 970 $ 958 Commercial real estate 7 14,244 14,240 Consumer real estate 1 46 41 Consumer installment 1 6 6 Total 14 $ 15,266 $ 15,245 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). Nine months ended Nine months ended September 30, 2020 September 30, 2019 Troubled Debt Restructurings Number of Recorded Number of Recorded That Subsequently Defaulted: Loans Investment Loans Investment Commercial, financial and agriculture — $ — 3 $ 427 Commercial real estate 4 2,291 11 17,267 Consumer real estate — — 2 158 Consumer installment 1 3 — — Total 5 $ 2,294 16 $ 17,852 The following tables represents the Company’s TDRs at September 30, 2020 and December 31, 2019: Past Due 90 September 30, 2020 Current Past Due days and still ($ in thousands) Loans 30‑89 accruing Nonaccrual Total Commercial, financial and agriculture $ 30 $ 37 $ — $ 1,495 $ 1,562 Commercial real estate 4,641 29 — 19,439 24,109 Consumer real estate 1,849 — — 2,695 4,544 Consumer installment 24 3 — — 27 Total $ 6,544 $ 69 $ — $ 23,629 $ 30,242 Allowance for loan losses $ 137 $ 29 $ — $ 3,780 $ 3,946 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 risk category of loans by class of loans	As of September 30, 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: Commercial, September 30, 2020 Financial and Commercial Consumer Consumer ($ in thousands) Agriculture Real Estate Real Estate Installment Total Pass $ 575,621 $ 1,872,964 $ 541,829 $ 46,214 $ 3,036,628 Special Mention 1,819 37,284 1,573 24 40,700 Substandard 10,585 61,441 14,105 161 86,292 Doubtful 1,963 23 — — 1,986 Subtotal $ 589,988 $ 1,971,712 $ 557,507 $ 46,399 $ 3,165,606 Less: Unearned Discount — 9,674 — — 9,674 Loans, net of unearned discount $ 589,988 $ 1,962,038 $ 557,507 $ 46,399 $ 3,155,932 Commercial, December 31, 2019 Financial and Commercial Consumer Consumer ($ in thousands) Agriculture Real Estate Real 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 three and nine months period ended September 30, 2020 and 2019: Three months ended September 30,2020 Commercial, Paycheck Financial and Commercial Consumer Installment Protection ($ in thousands) Agriculture Real Estate Real Estate and Other Program Unallocated Total Allowance for loan losses: Beginning balance $ 5,208 $ 18,526 $ 3,741 $ 459 $ 130 $ — $ 28,064 Provision for loan losses 607 5,371 1,077 (4) (130) — 6,921 Loans charged-off (78) (769) (55) (32) — — (934) Recoveries 37 18 17 133 — — 205 Total ending allowance balance $ 5,774 $ 23,146 $ 4,780 $ 556 $ — $ — $ 34,256 Nine months ended September 30,2020 Commercial, Commercial Consumer Installment Paycheck Financial and Real Real and Protection ($ in thousands) Agriculture Estate Estate Other Program Unallocated Total Allowance for loan losses: Beginning balance $ 3,043 $ 8,836 $ 1,694 $ 296 $ — $ 39 $ 13,908 Provision for loan losses 2,936 15,096 3,057 578 — (39) 21,628 Loans charged-off (342) (1,165) (151) (645) — — (2,303) Recoveries 137 379 180 327 — — 1,023 Total ending allowance balance $ 5,774 $ 23,146 $ 4,780 $ 556 $ — $ — $ 34,256 Three months ended September 30,2019 Commercial, Financial and Commercial Consumer Installment ($ in thousands) Agriculture Real Estate Real Estate and Other Unallocated Total Allowance for loan losses: Beginning balance $ 2,432 $ 7,872 $ 1,489 $ 250 $ 48 $ 12,091 Provision for loan losses (82) 787 294 18 (43) 974 Loans charged-off (17) 66 (174) (76) — (201) Recoveries 24 9 64 82 — 179 Total ending allowance balance $ 2,357 $ 8,734 $ 1,673 $ 274 $ 5 $ 13,043 Nine months ended September 30,2019 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 269 2,454 (19) (18) 202 2,888 Loans charged-off (23) — (216) (143) — (382) Recoveries 51 22 165 234 — 472 Total ending allowance balance $ 2,357 $ 8,734 $ 1,673 $ 274 $ 5 $ 13,043
Schedule of loans and allowance for loan losses	Commercial, Installment September 30, 2020 Financial and Commercial Consumer and ($ in thousands) Agriculture Real Estate Real Estate Other Unallocated Total Loans Individually evaluated $ 2,787 $ 25,148 $ 1,774 $ 53 $ — $ 29,762 Collectively evaluated 586,939 1,977,139 500,317 46,322 — 3,110,717 PCI Loans 262 9,390 5,777 24 — 15,453 Total $ 589,988 $ 2,011,677 $ 507,868 $ 46,399 $ — $ 3,155,932 Allowance for Loan Losses Individually evaluated $ 1,285 $ 4,804 $ 189 $ 16 $ — $ 6,294 Collectively evaluated 4,489 18,342 4,591 540 — 27,962 Total $ 5,774 $ 23,146 $ 4,780 $ 556 $ — $ 34,256 Commercial, Installment December 31, 2019 Financial and Commercial Consumer and ($ in thousands) 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)	9 Months Ended
REVENUE FROM CONTRACTS WITH CUSTOMERS (Tables)	Sep. 30, 2020
REVENUE FROM CONTRACTS WITH CUSTOMERS
Schedule of revenue from contract with customer by non-interest income	Three Months Ended September 30,2020 Nine Months Ended September 30,2020 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 $ 750 $ — $ — $ 750 $ 2,330 $ — $ — $ 2,330 Other 1,029 — — 1,029 2,958 1 — 2,959 Interchange income 2,491 — — 2,491 6,871 — — 6,871 Investment brokerage fees 277 — — 277 659 — — 659 Net gains (losses) on OREO (55) — — (55) (396) — — (396) Net gains (losses) on sales of securities (a) 32 — — 32 278 — — 278 Gain on acquisition — — — — 7,023 — — 7,023 Gain on premises and equipment — — — — 461 — — 461 Other 1,313 2,961 (4) 4,270 3,581 7,173 9 10,763 Total non-interest income $ 5,837 $ 2,961 $ (4) $ 8,794 $ 23,765 $ 7,174 $ 9 $ 30,948 Three Months Ended September 30,2019 Nine Months Ended September 30,2019 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 $ 1,117 $ — $ — $ 1,117 $ 3,129 $ 1 $ — $ 3,130 Other 861 1 — 862 2,596 2 — 2,598 Interchange income 2,252 — — 2,252 5,949 — — 5,949 Investment brokerage fees 24 — — 24 58 — — 58 Net gains (losses) on OREO 51 — — 51 23 — — 23 Net gains (losses) on sales of securities (a) 57 — — 57 131 — — 131 Gain on premises and equipment 19 — — 19 11 — — 11 Other 913 1,799 9 2,721 2,860 4,265 348 7,473 Total non-interest income $ 5,294 $ 1,800 $ 9 $ 7,103 $ 14,757 $ 4,268 $ 348 $ 19,373 (a) Not within scope of ASC 606

LEASES (Tables)

LEASES (Tables)	9 Months Ended
LEASES (Tables)	Sep. 30, 2020
LEASES
Schedule of right-of-use assets and lease liabilities relating to the Company's operating and finance leases	The following table details balance sheet information, as well as weighted-average lease terms and discount rates, related to leases at September 30, 2020 and December 31, 2019 ($ in thousands). September 30, 2020 December 31, 2019 Right-of-use assets: Operating leases $ 6,427 $ 6,518 Finance leases, net of accumulated depreciation 2,719 — Total right-of-use assets $ 9,146 $ 6,518 Lease liabilities: Operating lease $ 6,427 $ 6,518 Finance lease 2,327 — Total lease liabilities $ 8,754 $ 6,518 Weighted average remaining lease term Operating leases 4.6 years 6.2 years Finance leases 11.2 years — Weighted average discount rate Operating leases 2.3 % 3.1 % Finance leases 2.3 % —
Schedule of lease costs	The table below summarizes our net lease costs ($ in thousands): Three months ended Nine months ended September 30, September 30, 2020 2019 2020 2019 Operating lease cost $ 431 $ 231 $ 1,252 $ 581 Finance lease cost: Interest on lease liabilities 2 — 6 — Amortization of right-of-use 61 — 122 — Net lease cost $ 494 $ 231 $ 1,380 $ 581
Schedule of minimum future lease payments	The table below summarizes the maturity of remaining lease liabilities at September 30, 2020 and December 31, 2019 ($ in thousands): September 30, 2020 Operating Leases Finance Leases Remaining 2020 $ 434 $ 48 2021 1,741 193 2022 1,574 220 2023 1,058 220 2024 846 220 Thereafter 1,143 1,680 Total lease payments $ 6,796 $ 2,581 Less: Interest (369) (254) Present value of lease liabilities $ 6,427 $ 2,327 December 31, 2019 Operating Leases Finance Leases 2020 $ 1,643 — 2021 1,527 — 2022 1,359 — 2023 844 — 2024 631 — Thereafter 981 — Total lease payments $ 6,985 — Less: Interest (467) — Present value of lease liabilities $ 6,518 —

SUMMARY OF ORGANIZATION - Addit

SUMMARY OF ORGANIZATION - Additional information (Details) - USD ($) $ / shares in Units, $ in Thousands	Aug. 24, 2020	May 26, 2020	Feb. 21, 2020	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019	Jun. 30, 2020	Dec. 31, 2019	Jun. 30, 2019	Dec. 31, 2018
SUMMARY OF ORGANIZATION
Total assets				$ 5,164,159		$ 5,164,159			$ 3,941,863
Loans, including Loans held for sale				3,144,000		3,144,000
Deposits				4,229,214		4,229,214			3,076,533
Stockholders' equity				638,369	$ 478,088	638,369	$ 478,088	$ 627,795	$ 543,658	$ 466,281	$ 363,254
Net income				$ 11,917	$ 12,272	37,171	$ 31,890
Noncash Merger Related Costs						$ 2,500
Dividends on common stock, per share	$ 0.10	$ 0.10	$ 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	Apr. 03, 2020	Nov. 01, 2019	Sep. 30, 2020	Sep. 30, 2019	Dec. 31, 2019
Liabilities and equity:
Bargain purchase gain			$ (7,023)	$ 0
Goodwill resulting from acquisition			$ 158,572		$ 158,572
SWG
Purchase price:
Cash and stock	$ 47,858
Total purchase price	47,858
Identifiable assets:
Cash and due from banks	29,247
Investments	89,737
Loans	392,292
Core deposit intangible	4,556
Personal and real property	18,558
Bank owned life insurance	6,963
Other assets	2,588
Total assets	543,941
Liabilities and equity:
Deposits	476,099
Borrowed funds	9,500
Other liabilities	3,461
Total liabilities	489,060
Net assets acquired	54,881
Bargain purchase gain	$ (7,023)
First Florida Bancorp, Inc
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 COMBINATIONS - Outstan

BUSINESS COMBINATIONS - Outstanding Principal Balance and Carrying Amount of Loans (Details) - USD ($) $ in Thousands	Sep. 30, 2020	Apr. 03, 2020	Nov. 01, 2019	Mar. 02, 2019
SWG
Outstanding principal balance	$ 325,865	$ 394,621
Carrying amount	323,918	$ 392,292
First Florida Bancorp, Inc
Outstanding principal balance	186,939		$ 248,916
Carrying amount	185,892		$ 247,263
FPB
Outstanding principal balance	149,979			$ 247,774
Carrying amount	$ 148,438			$ 244,665

BUSINESS COMBINATIONS - Unaudit

BUSINESS COMBINATIONS - Unaudited Supplemental Pro Forma Information for Southwest Banc Shares, Inc. (Details) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019
Business Acquisition [Line Items]
Total revenue	$ 150,923	$ 143,927
Income before income taxes	47,265	57,036
Net interest income [Member]
Business Acquisition [Line Items]
Total revenue	118,774	117,595
Non Interest Income [Member]
Business Acquisition [Line Items]
Total revenue	$ 32,149	$ 26,332

BUSINESS COMBINATIONS - Additio

BUSINESS COMBINATIONS - Additional Information (Details) - USD ($) $ in Thousands	Apr. 03, 2020	Nov. 01, 2019	Mar. 02, 2019	Sep. 30, 2020	Sep. 30, 2020	Sep. 30, 2019
BUSINESS COMBINATIONS
Bargain purchase gain					$ 7,023	$ 0
SWG
BUSINESS COMBINATIONS
Business Combination, Consideration Transferred	$ 47,858
Business Acquisition, Equity Interest Issued or Issuable, Number of Shares	2,546,967
Payments to acquire businesses, gross	$ 2
Bargain purchase gain	7,023
Business Acquisition Purchase Price Allocation Loans Receivable	394,600
Business Combination Recognized Assets Acquired and Liabilities Assumed, Discount on Loans Acquired	2,300
Business combination, acquisition related costs				$ 201	2,500
SWG \| Core Deposits [Member]
BUSINESS COMBINATIONS
Finite-lived Intangible Assets Acquired	$ 4,600
Acquired Finite-lived Intangible Assets, Weighted Average Useful Life	10 years
First Florida Bancorp, Inc
BUSINESS COMBINATIONS
Business Combination, Consideration Transferred		$ 89,520
Business Acquisition, Equity Interest Issued or Issuable, Number of Shares		1,682,889
Payments to acquire businesses, gross		$ 34,100
Goodwill, acquired during period		40,000
Business Acquisition Purchase Price Allocation Loans Receivable		248,900
Business Combination Recognized Assets Acquired and Liabilities Assumed, Discount on Loans Acquired		1,700
Business combination, acquisition related costs				65	643
First Florida Bancorp, Inc \| Core Deposits [Member]
BUSINESS COMBINATIONS
Finite-lived Intangible Assets Acquired		$ 3,700
Acquired Finite-lived Intangible Assets, Weighted Average Useful Life		10 years
FPB
BUSINESS COMBINATIONS
Business Combination, Consideration Transferred			$ 78,200
Business Acquisition, Equity Interest Issued or Issuable, Number of Shares			2,377,501
Payments to acquire businesses, gross			$ 5
Goodwill, acquired during period			28,800
Business Acquisition Purchase Price Allocation Loans Receivable			247,800
Business Combination Recognized Assets Acquired and Liabilities Assumed, Discount on Loans Acquired			3,100
Business combination, acquisition related costs				$ 0	$ 63
FPB \| Core Deposits [Member]
BUSINESS COMBINATIONS
Finite-lived Intangible Assets Acquired			$ 6,600
Acquired Finite-lived Intangible Assets, Weighted Average Useful Life			10 years

EARNINGS APPLICABLE TO COMMON_3

EARNINGS APPLICABLE TO COMMON SHAREHOLDERS (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019
EARNINGS APPLICABLE TO COMMON SHAREHOLDERS
Net income available to common stock holders, basic earnings per share	$ 11,917	$ 12,272	$ 37,171	$ 31,890
Net income available to common stock holders, diluted earnings per share	$ 11,917	$ 12,272	$ 37,171	$ 31,890
Effect of dilutive shares:
Weighted average number of shares outstanding, basic earnings per share	21,405,309	17,130,610	20,521,779	16,653,045
Restricted stock grants	108,400	150,713	125,466	136,873
Weighted average number of shares outstanding, diluted earnings per share	21,513,709	17,281,323	20,647,245	16,789,918
Basic earnings per share	$ 0.56	$ 0.72	$ 1.81	$ 1.91
Diluted earnings per share	$ 0.55	$ 0.71	$ 1.80	$ 1.90

EARNINGS APPLICABLE TO COMMON_4

EARNINGS APPLICABLE TO COMMON SHAREHOLDERS - Additional Information (Details) - shares	3 Months Ended
	Sep. 30, 2020	Jun. 30, 2020	Mar. 31, 2020	Sep. 30, 2019	Jun. 30, 2019	Mar. 31, 2019
EARNINGS APPLICABLE TO COMMON SHAREHOLDERS
Shares of restricted stock granted	13,259	3,750	60,680	8,333	750	66,132

FINANCIAL INSTRUMENTS WITH OF_3

FINANCIAL INSTRUMENTS WITH OFF-BALANCE-SHEET RISK (Details) - USD ($) $ in Thousands	Sep. 30, 2020	Dec. 31, 2019
Fixed Rate
Financial instruments with off-balance-sheet risk
Commitments to make loans	$ 77,607	$ 42,774
Unused lines of credit	167,239	137,966
Standby letters of credit	5,279	3,648
Variable Rate
Financial instruments with off-balance-sheet risk
Commitments to make loans	7,370	5,676
Unused lines of credit	193,171	208,728
Standby letters of credit	$ 11,948	$ 8,475

FINANCIAL INSTRUMENTS WITH OF_4

FINANCIAL INSTRUMENTS WITH OFF-BALANCE-SHEET RISK - Additional Information (Details) - OFF BALANCE SHEET RISK [Member]	9 Months Ended
	Sep. 30, 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	Sep. 30, 2020	Dec. 31, 2019	Sep. 30, 2019	Dec. 31, 2018
Assets:
Cash and cash equivalents	$ 603,736	$ 168,864	$ 159,990	$ 159,107
US Treasury	9,450	4,894
Obligations of U.S. Government agencies and sponsored entities	100,603	77,950
Municipal securities	416,567	258,982
Mortgage-backed securities	402,458	395,315
Corporate obligations	28,380	27,946
Loans, net	3,144,158	2,597,260
Accrued interest receivable	25,822	14,802
Liabilities:
Noninterest- bearing deposits	482,236	723,208
Interest-bearing deposits	3,746,978	2,353,325
Subordinated debentures	144,709	80,678
FHLB and other borrowings	115,827	214,319
Accrued interest payable	2,320	2,508
Quoted Prices in Active Markets for Identical Assets (Level 1)
Assets:
Cash and cash equivalents	603,736	168,864
US Treasury	9,450	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	100,603	77,950
Municipal securities	401,310	248,637
Mortgage-backed securities	402,458	395,315
Corporate obligations	28,139	27,538
Loans, net	0	0
Accrued interest receivable	5,291	4,246
Liabilities:
Noninterest- bearing deposits	482,236	723,208
Interest-bearing deposits	3,757,864	2,339,537
Subordinated debentures	0	0
FHLB and other borrowings	115,827	214,319
Accrued interest payable	2,320	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	15,257	10,345
Mortgage-backed securities	0	0
Corporate obligations	241	408
Loans, net	3,115,390	2,560,668
Accrued interest receivable	20,531	10,556
Liabilities:
Noninterest- bearing deposits	0	0
Interest-bearing deposits	0	0
Subordinated debentures	140,905	80,330
FHLB and other borrowings	0	0
Accrued interest payable	0	0
Estimated Fair Value
Assets:
Cash and cash equivalents	603,736	168,864
US Treasury	9,450	4,894
Obligations of U.S. Government agencies and sponsored entities	100,603	77,950
Municipal securities	416,567	258,982
Mortgage-backed securities	402,458	395,315
Corporate obligations	28,380	27,946
Loans, net	3,115,390	2,560,668
Accrued interest receivable	25,822	14,802
Liabilities:
Noninterest- bearing deposits	482,236	723,208
Interest-bearing deposits	3,757,864	2,339,537
Subordinated debentures	140,905	80,330
FHLB and other borrowings	115,827	214,319
Accrued interest payable	$ 2,320	$ 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	Sep. 30, 2020	Dec. 31, 2019
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]
Securities available-for-sale, at fair value	$ 957,458	$ 765,087
U.S Treasury
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]
Securities available-for-sale, at fair value	9,450	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	100,603	77,950
Municipal securities
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]
Securities available-for-sale, at fair value	416,567	258,982
Mortgage-backed securities
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]
Securities available-for-sale, at fair value	402,458	395,315
Corporate obligations
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]
Securities available-for-sale, at fair value	28,380	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	9,450	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	9,450	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	932,510	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	100,603	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	401,310	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	402,458	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	28,139	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	15,498	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	15,257	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	$ 241	$ 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	9 Months Ended	12 Months Ended
	Sep. 30, 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
Paydown	(273)
Unrealized gain/(loss) included in comprehensive income	106	(466)
Balance at September 30, 2020 and December 31, 2019	241	408
Municipal securities
Fair Value Assets Measured On Recurring Basis Unobservable Input Reconciliation [Line Items]
Balance, January 1	10,345	7,574
Unrealized gain/(loss) included in comprehensive income	4,912	2,771
Balance at September 30, 2020 and December 31, 2019	$ 15,257	$ 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	9 Months Ended	12 Months Ended
	Sep. 30, 2020	Dec. 31, 2019
Municipal securities
Quantitative Information About Recurring Fair Value Measurements [Line Items]
Fair Value	$ 15,257	$ 10,345
Valuation Technique	Discounted cash flow	Discounted cash flow
Significant Unobservable Inputs	Discount Rate	Discount Rate
Range of Inputs, Minimum	0.60%	1.50%
Range of Inputs, Maximum	2.50%	4.40%
Trust Preferred Securities [Member]
Quantitative Information About Recurring Fair Value Measurements [Line Items]
Fair Value	$ 241	$ 408
Valuation Technique	Discounted cash flow	Discounted cash flow
Significant Unobservable Inputs	Probability of default	Probability of default
Range of Inputs, Minimum	1.11%	2.73%
Range of Inputs, Maximum	2.50%	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	Sep. 30, 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	$ 9,720	$ 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	5,202	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	9,720	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	$ 5,202	$ 7,299

FAIR VALUE DISCLOSURES AND RE_8

FAIR VALUE DISCLOSURES AND REPORTING, THE FAIR VALUE OPTION AND FAIR VALUE MEASUREMENTS - Additional Information (Details)	Sep. 30, 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) $ in Thousands	Sep. 30, 2020USD ($)security	Dec. 31, 2019USD ($)security
SECURITIES
Carrying value of securities pledged to public deposits	$ 586,300	$ 436,000
Number of Security Portfolio \| security	97	156
Retained Earnings (Accumulated Deficit)	$ 141,474	$ 110,460

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	9 Months Ended	12 Months Ended
	Sep. 30, 2020	Dec. 31, 2019
Schedule of Trading Securities and Other Trading Assets [Line Items]
Available-for-sale Securities, Amortized Cost	$ 924,257	$ 751,591
Available-for-sale Securities, Gross Unrealized Gains	33,918	14,419
Available-for-sale Securities, Gross Unrealized Losses	717	923
Available-for-sale securities, Fair Value	957,458	765,087
U.S Treasury
Schedule of Trading Securities and Other Trading Assets [Line Items]
Available-for-sale Securities, Amortized Cost	9,080	4,967
Available-for-sale Securities, Gross Unrealized Gains	370	0
Available-for-sale Securities, Gross Unrealized Losses	0	73
Available-for-sale securities, Fair Value	9,450	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	97,463	76,699
Available-for-sale Securities, Gross Unrealized Gains	3,168	1,475
Available-for-sale Securities, Gross Unrealized Losses	28	224
Available-for-sale securities, Fair Value	100,603	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	403,518	253,527
Available-for-sale Securities, Gross Unrealized Gains	13,642	5,602
Available-for-sale Securities, Gross Unrealized Losses	593	147
Available-for-sale securities, Fair Value	416,567	258,982
Mortgage-backed securities - residential
Schedule of Trading Securities and Other Trading Assets [Line Items]
Available-for-sale Securities, Amortized Cost	238,920	263,229
Available-for-sale Securities, Gross Unrealized Gains	9,263	4,726
Available-for-sale Securities, Gross Unrealized Losses	16	107
Available-for-sale securities, Fair Value	248,167	267,848
Mortgage-backed securities - commercial
Schedule of Trading Securities and Other Trading Assets [Line Items]
Available-for-sale Securities, Amortized Cost	147,766	125,292
Available-for-sale Securities, Gross Unrealized Gains	6,563	2,398
Available-for-sale Securities, Gross Unrealized Losses	38	223
Available-for-sale securities, Fair Value	154,291	127,467
Corporate obligations
Schedule of Trading Securities and Other Trading Assets [Line Items]
Available-for-sale Securities, Amortized Cost	27,510	27,877
Available-for-sale Securities, Gross Unrealized Gains	912	218
Available-for-sale Securities, Gross Unrealized Losses	42	149
Available-for-sale securities, Fair Value	$ 28,380	$ 27,946

SECURITIES - Amortized Cost And

SECURITIES - Amortized Cost And Fair Value Of Debt Securities (Details) - USD ($) $ in Thousands	Sep. 30, 2020	Dec. 31, 2019
Available-for-Sale, Amortized Cost
Due less than one year	$ 30,084	$ 30,141
Due after one year through five years	123,842	80,119
Due after five years through ten years	185,005	143,811
Due greater than ten years	198,640	108,999
Mortgage-backed securities: residential	238,920	263,229
Mortgage-backed securities: commercial	147,766	125,292
Total	924,257	751,591
Available-for-sale, Fair Value
Due less than one year	30,284	30,303
Due after one year through five years	127,542	81,372
Due after five years through ten years	192,052	148,085
Due greater than ten years	205,122	110,012
Mortgage-backed securities: residential	248,167	267,848
Mortgage-backed securities: commercial	154,291	127,467
Total	$ 957,458	$ 765,087

SECURITIES - Summary of Availab

SECURITIES - Summary of Available For Sale Securities With Unrealized And Unrecognized Losses (Details) - USD ($) $ in Thousands	Sep. 30, 2020	Dec. 31, 2019
Schedule of Trading Securities and Other Trading Assets [Line Items]
Fair value, Losses less than 12 Months	$ 79,370	$ 99,545
Fair Value, Losses 12 Months or More	6,106	26,009
Fair Value, Total	85,476	125,554
Unrealized Losses, Losses less than 12 Months	673	713
Unrealized Losses, Losses 12 Months or More	44	210
Unrealized Losses, Total	717	923
U.S Treasury
Schedule of Trading Securities and Other Trading Assets [Line Items]
Fair value, Losses less than 12 Months	0	4,894
Fair Value, Losses 12 Months or More	0
Fair Value, Total	0	4,894
Unrealized Losses, Losses less than 12 Months	0	73
Unrealized Losses, Losses 12 Months or More	0
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	7,695	22,987
Fair Value, Losses 12 Months or More	366
Fair Value, Total	8,061	22,987
Unrealized Losses, Losses less than 12 Months	26	224
Unrealized Losses, Losses 12 Months or More	2
Unrealized Losses, Total	28	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	35,175	27,913
Fair Value, Losses 12 Months or More	0	322
Fair Value, Total	35,175	28,235
Unrealized Losses, Losses less than 12 Months	593	146
Unrealized Losses, Losses 12 Months or More	0	1
Unrealized Losses, Total	593	147
Mortgage-backed securities - residential
Schedule of Trading Securities and Other Trading Assets [Line Items]
Fair value, Losses less than 12 Months	3,345	22,328
Fair Value, Losses 12 Months or More	11	7,602
Fair Value, Total	3,356	29,930
Unrealized Losses, Losses less than 12 Months	16	55
Unrealized Losses, Losses 12 Months or More	0	52
Unrealized Losses, Total	16	107
Mortgage-backed securities - commercial
Schedule of Trading Securities and Other Trading Assets [Line Items]
Fair value, Losses less than 12 Months	28,549	10,787
Fair Value, Losses 12 Months or More	5,690	17,649
Fair Value, Total	34,239	28,436
Unrealized Losses, Losses less than 12 Months	5	166
Unrealized Losses, Losses 12 Months or More	33	57
Unrealized Losses, Total	38	223
Corporate obligations
Schedule of Trading Securities and Other Trading Assets [Line Items]
Fair value, Losses less than 12 Months	4,606	10,636
Fair Value, Losses 12 Months or More	39	436
Fair Value, Total	4,645	11,072
Unrealized Losses, Losses less than 12 Months	33	49
Unrealized Losses, Losses 12 Months or More	9	100
Unrealized Losses, Total	$ 42	$ 149

LOANS - Additional Information

LOANS - Additional Information (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended		12 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019	Dec. 31, 2019
Financing Receivable, Recorded Investment [Line Items]
Interest income not recorded due to loans in non-accrual status	$ 391		$ 1,100
Non- Accrual	0		0		$ 0
Certain Loans Acquired in Transfer Accounted for as Debt Securities, Accretable Yield, Ending Balance	3,500		3,500		3,300
Change in TDRs			(1,800)
TDRs			30,200		32,000
TDR Period Increase (Decrease), Allowance for Loan and Lease Losses	29	$ 2,300	76	$ 2,600
Allowance for Loan and Lease Losses Write-offs, Net	0	$ 0	0	0
TDRs for increased allowance for loan losses			54	$ 2,000
Foreclosed Real Estate Property			1,100
Consumer mortgage loans secured by residential real estate properties	1,200		1,200
PCI Loans
Financing Receivable, Recorded Investment [Line Items]
Outstanding purchased credit impaired loan, Balance	$ 11,900		$ 11,900		$ 14,600

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	Sep. 30, 2020	Dec. 31, 2019
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Loans	$ 3,155,932	$ 2,600,358
Loans [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Past Due 30 to 89 Days	15,015	7,757
Past Due 90 Days Or More and Still Accruing	2,396	2,715
Non- Accrual	26,878	26,740
PCI	10,422	12,095
Total Past Due and Non- Accrual and PCI	54,711	49,307
Total Loans	3,155,932	2,600,358
Loans [Member] \| Lease financing receivable
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Loans	2,478	3,095
Loans [Member] \| Obligations of states and subdivisions
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Loans	13,345	20,716
Commercial financial and agriculture \| Loans [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Past Due 30 to 89 Days	815	515
Past Due 90 Days Or More and Still Accruing		61
Non- Accrual	2,737	2,137
PCI	235	97
Total Past Due and Non- Accrual and PCI	3,787	2,810
Total Loans	576,812	332,600
PPP Loans	260,200
Commercial real estate \| Loans [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Past Due 30 to 89 Days	11,123	2,447
Past Due 90 Days Or More and Still Accruing	1,081	1,046
Non- Accrual	21,445	22,441
PCI	3,486	3,844
Total Past Due and Non- Accrual and PCI	37,135	29,778
Total Loans	1,646,325	1,387,207
Consumer real estate \| Loans [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Past Due 30 to 89 Days	2,848	4,569
Past Due 90 Days Or More and Still Accruing	1,306	1,608
Non- Accrual	2,660	1,902
PCI	6,697	8,148
Total Past Due and Non- Accrual and PCI	13,511	16,227
Total Loans	874,640	814,282
Consumer installment \| Loans [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Past Due 30 to 89 Days	229	226
Past Due 90 Days Or More and Still Accruing	9
Non- Accrual	36	260
PCI	4	6
Total Past Due and Non- Accrual and PCI	278	492
Total Loans	$ 42,332	$ 42,458

LOANS - Information Regarding C

LOANS - Information Regarding Contractually Payments Receivable, Cash Flows (Details) $ in Thousands	Sep. 30, 2020USD ($)
Certain Loans Acquired in Transfer Not Accounted for as Debt Securities, Accretable Yield Movement [Line Items]
Contractually required payments at acquisition	$ 6,544
Cash flows expected to be collected at acquisition	5,820
Fair value of loans at acquisition	5,251
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
SWG
Certain Loans Acquired in Transfer Not Accounted for as Debt Securities, Accretable Yield Movement [Line Items]
Contractually required payments at acquisition	882
Cash flows expected to be collected at acquisition	570
Fair value of loans at acquisition	$ 526

LOANS - Changes in the carrying

LOANS - Changes in the carrying amount and accretable yield for purchased credit impaired loans (Details) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019
LOANS
Balance at beginning of period	$ 3,714	$ 3,835
Additions, including transfers from non-accretable, Accretable Yield	569	452
Accretion	(738)	(845)
Balance at end of period	$ 3,545	$ 3,442

LOANS - Additional Detail of Im

LOANS - Additional Detail of Impaired Loans Broken Out According to Class (Details) - USD ($) $ in Thousands	9 Months Ended	12 Months Ended
	Sep. 30, 2020	Dec. 31, 2019
Financing Receivable, Impaired [Line Items]
Impaired loans with no a related allowance, Recorded Investment	$ 13,748	$ 14,178
Impaired loans with no related allowance, Unpaid Balance	13,992	14,348
Impaired loans with no related allowance, Average Recorded Investment YTD	14,378	12,963
Impaired loans with no related allowance, Interest Income Recognized YTD	18	598
Impaired loans with a related allowance, Recorded Investment	16,014	15,761
Impaired loans with a related allowance, Unpaid Balance	16,464	15,914
Impaired loans with a Related Allowance	6,294	4,424
Impaired loans with a related allowance, Average Recorded Investment YTD	15,333	12,789
Impaired loans with a related allowance, Interest Income Recognized YTD	162	67
Recorded Investment	29,762	29,939
Unpaid Balance	30,456	30,262
Related Allowance	6,294	4,424
Average Recorded Investment YTD	29,711	25,752
Interest Income Recognized YTD	180	665
Commercial financial and agriculture
Financing Receivable, Impaired [Line Items]
Impaired loans with no a related allowance, Recorded Investment	259	59
Impaired loans with no related allowance, Unpaid Balance	261	62
Impaired loans with no related allowance, Average Recorded Investment YTD	264	294
Impaired loans with no related allowance, Interest Income Recognized YTD	2	7
Impaired loans with a related allowance, Recorded Investment	2,528	2,434
Impaired loans with a related allowance, Unpaid Balance	2,539	2,434
Impaired loans with a Related Allowance	1,285	1,182
Impaired loans with a related allowance, Average Recorded Investment YTD	2,168	2,039
Impaired loans with a related allowance, Interest Income Recognized YTD	44	13
Recorded Investment	2,787	2,493
Unpaid Balance	2,800	2,496
Related Allowance	1,285	1,182
Average Recorded Investment YTD	2,432	2,333
Interest Income Recognized YTD	46	20
Commercial real estate
Financing Receivable, Impaired [Line Items]
Impaired loans with no a related allowance, Recorded Investment	12,634	13,556
Impaired loans with no related allowance, Unpaid Balance	12,830	13,671
Impaired loans with no related allowance, Average Recorded Investment YTD	13,283	10,473
Impaired loans with no related allowance, Interest Income Recognized YTD	10	591
Impaired loans with a related allowance, Recorded Investment	12,514	12,428
Impaired loans with a related allowance, Unpaid Balance	12,896	12,563
Impaired loans with a Related Allowance	4,804	3,021
Impaired loans with a related allowance, Average Recorded Investment YTD	12,258	10,026
Impaired loans with a related allowance, Interest Income Recognized YTD	99	49
Recorded Investment	25,148	25,984
Unpaid Balance	25,726	26,234
Related Allowance	4,804	3,021
Average Recorded Investment YTD	25,541	20,499
Interest Income Recognized YTD	109	640
Consumer real estate
Financing Receivable, Impaired [Line Items]
Impaired loans with no a related allowance, Recorded Investment	830	542
Impaired loans with no related allowance, Unpaid Balance	875	594
Impaired loans with no related allowance, Average Recorded Investment YTD	816	2,173
Impaired loans with no related allowance, Interest Income Recognized YTD	5
Impaired loans with a related allowance, Recorded Investment	944	639
Impaired loans with a related allowance, Unpaid Balance	1,000	657
Impaired loans with a Related Allowance	189	141
Impaired loans with a related allowance, Average Recorded Investment YTD	801	560
Impaired loans with a related allowance, Interest Income Recognized YTD	19	3
Recorded Investment	1,774	1,181
Unpaid Balance	1,875	1,251
Related Allowance	189	141
Average Recorded Investment YTD	1,617	2,733
Interest Income Recognized YTD	24	3
Consumer installment
Financing Receivable, Impaired [Line Items]
Impaired loans with no a related allowance, Recorded Investment	25	21
Impaired loans with no related allowance, Unpaid Balance	26	21
Impaired loans with no related allowance, Average Recorded Investment YTD	15	23
Impaired loans with no related allowance, Interest Income Recognized YTD	1
Impaired loans with a related allowance, Recorded Investment	28	260
Impaired loans with a related allowance, Unpaid Balance	29	260
Impaired loans with a Related Allowance	16	80
Impaired loans with a related allowance, Average Recorded Investment YTD	106	164
Impaired loans with a related allowance, Interest Income Recognized YTD		2
Recorded Investment	53	281
Unpaid Balance	55	281
Related Allowance	16	80
Average Recorded Investment YTD	121	187
Interest Income Recognized YTD	$ 1	$ 2

LOANS - Detail of Troubled Debt

LOANS - Detail of Troubled Debt Restructurings (Details) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2020USD ($)loan	Sep. 30, 2019USD ($)loan	Sep. 30, 2020USD ($)loan	Sep. 30, 2019USD ($)loan
Financing Receivable, Modifications [Line Items]
Number of Loans \| loan	2	10	7	14
Outstanding Recorded Investment Pre-Modification	$ 573	$ 14,521	$ 1,553	$ 15,266
Outstanding Recorded Investment Post-Modification	$ 602	$ 14,514	$ 1,576	$ 15,245
Commercial financial and agriculture
Financing Receivable, Modifications [Line Items]
Number of Loans \| loan		3	2	5
Outstanding Recorded Investment Pre-Modification		$ 315	$ 47	$ 970
Outstanding Recorded Investment Post-Modification		$ 313	$ 46	$ 958
Commercial real estate
Financing Receivable, Modifications [Line Items]
Number of Loans \| loan	2	5	5	7
Outstanding Recorded Investment Pre-Modification	$ 573	$ 14,154	$ 1,506	$ 14,244
Outstanding Recorded Investment Post-Modification	$ 602	$ 14,154	$ 1,530	$ 14,240
Consumer \| Residential real estate
Financing Receivable, Modifications [Line Items]
Number of Loans \| loan		1		1
Outstanding Recorded Investment Pre-Modification		$ 46		$ 46
Outstanding Recorded Investment Post-Modification		$ 41		$ 41
Consumer \| Consumer installment
Financing Receivable, Modifications [Line Items]
Number of Loans \| loan		1		1
Outstanding Recorded Investment Pre-Modification		$ 6		$ 6
Outstanding Recorded Investment Post-Modification		$ 6		$ 6

LOANS - Summary of loans by mod

LOANS - Summary of loans by modified as troubled debt restructurings of payment default (Details) $ in Thousands	9 Months Ended
	Sep. 30, 2020USD ($)loan	Sep. 30, 2019USD ($)loan
Financing Receivable, Recorded Investment, Past Due [Line Items]
Number of Loans \| loan	5	16
Recorded Investment \| $	$ 2,294	$ 17,852
Commercial financial and agriculture
Financing Receivable, Recorded Investment, Past Due [Line Items]
Number of Loans \| loan		3
Recorded Investment \| $		$ 427
Commercial real estate
Financing Receivable, Recorded Investment, Past Due [Line Items]
Number of Loans \| loan	4	11
Recorded Investment \| $	$ 2,291	$ 17,267
Consumer real estate
Financing Receivable, Recorded Investment, Past Due [Line Items]
Number of Loans \| loan		2
Recorded Investment \| $		$ 158
Consumer installment
Financing Receivable, Recorded Investment, Past Due [Line Items]
Number of Loans \| loan	1
Recorded Investment \| $	$ 3

LOANS - Modifications of Loans

LOANS - Modifications of Loans Performing (Details) - USD ($) $ in Thousands	Sep. 30, 2020	Dec. 31, 2019
Financing Receivable, Recorded Investment, Past Due [Line Items]
Recorded Investment	$ 3,155,932	$ 2,600,358
Allowance for loan losses, Current Loans	137	128
Allowance for loan losses, Past Due 30-89	29
Allowance for loan losses, Non-Accrual	3,780	1,997
Allowance for loan losses, Total	3,946	2,125
TDRs [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Current Loans	6,544	6,824
Past Due 30-89	69	985
Past due 90 days or more and still accruing		167
Non-Accrual	23,629	23,993
Recorded Investment	30,242	31,969
Commercial financial and agriculture \| TDRs [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Current Loans	30	583
Past Due 30-89	37	64
Non-Accrual	1,495	1,062
Recorded Investment	1,562	1,709
Commercial real estate \| TDRs [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Current Loans	4,641	4,299
Past Due 30-89	29	809
Past due 90 days or more and still accruing		109
Non-Accrual	19,439	19,991
Recorded Investment	24,109	25,208
Consumer real estate \| TDRs [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Current Loans	1,849	1,905
Past Due 30-89		112
Past due 90 days or more and still accruing		58
Non-Accrual	2,695	2,940
Recorded Investment	4,544	5,015
Consumer installment \| TDRs [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Current Loans	24	37
Past Due 30-89	3
Recorded Investment	$ 27	$ 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	Sep. 30, 2020	Dec. 31, 2019
Financing Receivable, Recorded Investment [Line Items]
Loans	$ 3,165,606	$ 2,601,979
Less: Unearned discount	9,674	1,621
Loans, net of unearned discount	3,155,932	2,600,358
Pass [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans	3,036,628	2,513,135
Special Mention [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans	40,700	13,584
Substandard [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans	86,292	75,167
Doubtful [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans	1,986	93
Commercial financial and agriculture
Financing Receivable, Recorded Investment [Line Items]
Loans	589,988	341,686
Loans, net of unearned discount	589,988	341,686
Commercial financial and agriculture \| Pass [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans	575,621	327,205
Commercial financial and agriculture \| Special Mention [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans	1,819	3,493
Commercial financial and agriculture \| Substandard [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans	10,585	10,972
Commercial financial and agriculture \| Doubtful [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans	1,963	16
Commercial real estate
Financing Receivable, Recorded Investment [Line Items]
Loans	1,971,712	1,705,003
Less: Unearned discount	9,674	1,621
Loans, net of unearned discount	1,962,038	1,703,382
Commercial real estate \| Pass [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans	1,872,964	1,645,496
Commercial real estate \| Special Mention [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans	37,284	8,876
Commercial real estate \| Substandard [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans	61,441	50,554
Commercial real estate \| Doubtful [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans	23	77
Consumer real estate
Financing Receivable, Recorded Investment [Line Items]
Loans	557,507	513,864
Loans, net of unearned discount	557,507	513,864
Consumer real estate \| Pass [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans	541,829	499,426
Consumer real estate \| Special Mention [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans	1,573	1,194
Consumer real estate \| Substandard [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans	14,105	13,244
Consumer installment
Financing Receivable, Recorded Investment [Line Items]
Loans	46,399	41,426
Loans, net of unearned discount	46,399	41,426
Consumer installment \| Pass [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans	46,214	41,008
Consumer installment \| Special Mention [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans	24	21
Consumer installment \| Substandard [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans	$ 161	$ 397

LOANS - Activity in Allowance f

LOANS - Activity in Allowance for Loan Losses (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019
Allowance for loan losses:
Balance at beginning of period	$ 28,064	$ 12,091	$ 13,908	$ 10,065
Provision for loan losses	6,921	974	21,628	2,888
Loans charged-off:	(934)	(201)	(2,303)	(382)
Recoveries	205	179	1,023	472
Balance at end of period	34,256	13,043	34,256	13,043
Commercial financial and agriculture
Allowance for loan losses:
Balance at beginning of period	5,208	2,432	3,043	2,060
Provision for loan losses	607	(82)	2,936	269
Loans charged-off:	(78)	(17)	(342)	(23)
Recoveries	37	24	137	51
Balance at end of period	5,774	2,357	5,774	2,357
Commercial real estate
Allowance for loan losses:
Balance at beginning of period	18,526	7,872	8,836	6,258
Provision for loan losses	5,371	787	15,096	2,454
Loans charged-off:	(769)	66	(1,165)
Recoveries	18	9	379	22
Balance at end of period	23,146	8,734	23,146	8,734
Consumer real estate
Allowance for loan losses:
Balance at beginning of period	3,741	1,489	1,694	1,743
Provision for loan losses	1,077	294	3,057	(19)
Loans charged-off:	(55)	(174)	(151)	(216)
Recoveries	17	64	180	165
Balance at end of period	4,780	1,673	4,780	1,673
Installment and Other
Allowance for loan losses:
Balance at beginning of period	459	250	296	201
Provision for loan losses	(4)	18	578	(18)
Loans charged-off:	(32)	(76)	(645)	(143)
Recoveries	133	82	327	234
Balance at end of period	556	274	556	274
Paycheck Protection Program
Allowance for loan losses:
Balance at beginning of period	130
Provision for loan losses	$ (130)
Unallocated
Allowance for loan losses:
Balance at beginning of period		48	39	(197)
Provision for loan losses		(43)	$ (39)	202
Balance at end of period		$ 5		$ 5

LOANS - Loans and Allowance for

LOANS - Loans and Allowance for Loan Losses, Broken Down by Portfolio Segment (Details) - USD ($) $ in Thousands	Sep. 30, 2020	Jun. 30, 2020	Dec. 31, 2019	Sep. 30, 2019	Jun. 30, 2019	Dec. 31, 2018
Loans
Individually evaluated	$ 29,762		$ 29,939
Collectively evaluated	3,110,717		2,552,520
PCI Loans	15,453		17,899
Total	3,155,932		2,600,358
Allowance for Loan Losses
Individually evaluated	6,294		4,424
Collectively evaluated	27,962		9,484
Total	34,256	$ 28,064	13,908	$ 13,043	$ 12,091	$ 10,065
Commercial financial and agriculture
Loans
Individually evaluated	2,787		2,493
Collectively evaluated	586,939		339,003
PCI Loans	262		191
Total	589,988		341,687
Allowance for Loan Losses
Individually evaluated	1,285		1,182
Collectively evaluated	4,489		1,861
Total	5,774		3,043
Commercial real estate
Loans
Individually evaluated	25,148		25,984
Collectively evaluated	1,977,139		1,773,934
PCI Loans	9,390		10,471
Total	2,011,677		1,810,389
Allowance for Loan Losses
Individually evaluated	4,804		3,021
Collectively evaluated	18,342		5,815
Total	23,146		8,836
Consumer real estate
Loans
Individually evaluated	1,774		1,181
Collectively evaluated	500,317		398,471
PCI Loans	5,777		7,204
Total	507,868		406,856
Allowance for Loan Losses
Individually evaluated	189		141
Collectively evaluated	4,591		1,553
Total	4,780		1,694
Installment and Other
Loans
Individually evaluated	53		281
Collectively evaluated	46,322		41,112
PCI Loans	24		33
Total	46,399		41,426
Allowance for Loan Losses
Individually evaluated	16		80
Collectively evaluated	540		216
Total	$ 556		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		9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019
Non-interest income
Service charges on deposits overdraft fees	$ 750	$ 1,117	$ 2,330	$ 3,130
Service charges on deposits other	1,029	862	2,959	2,598
Interchange Income	2,491	2,252	6,871	5,949
Investment brokerage fees	277	24	659	58
Net gains (losses) on OREO	(55)	51	(396)	23
Net gains (losses) on sales of securities	32	57	278	131
Gain on acquisition			7,023
Gain on sale of premises and equipment		19	461	11
Other	4,270	2,721	10,763	7,473
Total non-interest income	8,794	7,103	30,948	19,373
Commercial/Retail Bank [Member]
Non-interest income
Service charges on deposits overdraft fees	750	1,117	2,330	3,129
Service charges on deposits other	1,029	861	2,958	2,596
Interchange Income	2,491	2,252	6,871	5,949
Investment brokerage fees	277	24	659	58
Net gains (losses) on OREO	(55)	51	(396)	23
Net gains (losses) on sales of securities	32	57	278	131
Gain on acquisition			7,023
Gain on sale of premises and equipment		19	461	11
Other	1,313	913	3,581	2,860
Total non-interest income	5,837	5,294	23,765	14,757
Mortgage Banking Division [Member]
Non-interest income
Service charges on deposits overdraft fees				1
Service charges on deposits other		1	1	2
Other	2,961	1,799	7,173	4,265
Total non-interest income	2,961	1,800	7,174	4,268
Holding Company [Member]
Non-interest income
Other	(4)	9	9	348
Total non-interest income	$ (4)	$ 9	$ 9	$ 348

LEASES - Right-of-use assets an

LEASES - Right-of-use assets and lease liabilities relating to operating and finance leases (Details) - USD ($) $ in Thousands	Sep. 30, 2020	Dec. 31, 2019
Right-of-use assets:
Operating leases	$ 6,427	$ 6,518
Finance leases	2,719
Total right-of-use assets	9,146	6,518
Lease liabilities:
Operating lease	6,427	6,518
Finance lease	2,327
Total lease liabilities	$ 8,754	$ 6,518
Weighted Average Remaining Lease Term [Abstract]
Operating leases	4 years 7 months 6 days	6 years 2 months 12 days
Finance leases	11 years 2 months 12 days	0 years
Weighted Average Discount Rate [Abstract]
Operating leases	2.30%	3.10%
Finance leases	2.30%

LEASES - Lease costs (Details)

LEASES - Lease costs (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
LEASES - Lease costs (Details) - USD ($) $ in Thousands	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019
LEASES
Operating lease costs	$ 431	$ 231	$ 1,252	$ 581
Finance lease cost:
Interest on lease liabilities	2		6
Amortization of right-of-use	61		122
Net lease cost	$ 494	$ 231	$ 1,380	$ 581

LEASES - Maturity of remaining

LEASES - Maturity of remaining lease liabilities - operating lease (Details) - USD ($) $ in Thousands	Sep. 30, 2020	Dec. 31, 2019
LEASES
Remaining 2020	$ 434	$ 1,643
2021	1,741	1,527
2022	1,574	1,359
2023	1,058	844
2024	846	631
Thereafter	1,143	981
Total lease payments	6,796	6,985
Less: Interest	(369)	(467)
Present value of lease liabilities	$ 6,427	$ 6,518

LEASES - Maturity of remainin_2

LEASES - Maturity of remaining lease liabilities - Finance lease - (Details) $ in Thousands	Sep. 30, 2020USD ($)
LEASES
Remaining 2020	$ 48
2021	193
2022	220
2023	220
2024	220
Thereafter	1,680
Total lease payments	2,581
Less: Interest	(254)
Present value of lease liabilities	$ 2,327

LEASES - Additional information

LEASES - Additional information (Details)	Sep. 30, 2020
Minimum [Member]
Leases
Remaining lease term	1 year
Maximum [Member]
Leases
Remaining lease term	11 years

COVID-19 UPDATE (Details)

COVID-19 UPDATE (Details) $ in Millions	Sep. 30, 2020USD ($)
COVID-19 UPDATE
Aggregate outstanding exposure in segments	$ 452.5
Aggregate outstanding exposure in loan modifications	$ 709.6