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FAIR VALUE (Tables) | 6 Months Ended
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Jun. 30, 2020
Fair Value Disclosures [Abstract] |
Schedule of Financial Assets (Liabilities) Measured at Fair Value | The following tables summarize quantitative disclosures about the fair value measurements for each category of financial assets (liabilities) carried at fair value:
As of June 30, 2020 |  | Fair Value |  |  | Quoted Prices in Active Markets for Identical Assets (Level 1) |  |  | Significant Other Observable Inputs (Level 2) |  |  | Significant Other Unobservable Inputs (Level 3) |
Assets (liabilities) at fair value on a recurring basis: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Available for sale securities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Mortgage-backed securities |  | $ | 91,821 |  |  | $ | — |  |  | $ | 91,821 |  |  | $ | — |
Collateralized mortgage obligations |  |  | 83,429 |  |  |  | — |  |  |  | 83,429 |  |  |  | — |
Municipal securities |  |  | 181,195 |  |  |  | — |  |  |  | 181,195 |  |  |  | — |
Corporate bonds |  |  | 19,936 |  |  |  | — |  |  |  | 19,936 |  |  |  | — |
Loans held for sale |  |  | 7,194 |  |  |  | — |  |  |  | — |  |  |  | 7,194 |
Cash surrender value of life insurance |  |  | 34,920 |  |  |  | — |  |  |  | 34,920 |  |  |  | — |
SBA servicing assets |  |  | 712 |  |  |  | — |  |  |  | — |  |  |  | 712 |
Derivative instrument assets |  |  | 1,355 |  |  |  | — |  |  |  | 1,355 |  |  |  | — |
Derivative instrument liabilities |  |  | (1,355 | ) |  |  | — |  |  |  | (1,355 | ) |  |  | — |
As of December 31, 2019 |  | Fair Value |  |  | Quoted Prices in Active Markets for Identical Assets (Level 1) |  |  | Significant Other Observable Inputs (Level 2) |  |  | Significant Other Unobservable Inputs (Level 3) |
Assets (liabilities) at fair value on a recurring basis: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Available for sale securities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Mortgage-backed securities |  | $ | 84,182 |  |  | $ | — |  |  | $ | 84,182 |  |  | $ | — |
Collateralized mortgage obligations |  |  | 90,927 |  |  |  | — |  |  |  | 90,927 |  |  |  | — |
Municipal securities |  |  | 17,348 |  |  |  | — |  |  |  | 17,348 |  |  |  | — |
Corporate bonds |  |  | 20,259 |  |  |  | — |  |  |  | 20,259 |  |  |  | — |
Loans held for sale |  |  | 2,368 |  |  |  | — |  |  |  | — |  |  |  | 2,368 |
Cash surrender value of life insurance |  |  | 34,495 |  |  |  | — |  |  |  | 34,495 |  |  |  | — |
SBA servicing assets |  |  | 672 |  |  |  | — |  |  |  | — |  |  |  | 672 |
Derivative instrument assets |  |  | 526 |  |  |  | — |  |  |  | 526 |  |  |  | — |
Derivative instrument liabilities |  |  | (526 | ) |  |  | — |  |  |  | (526 | ) |  |  | — |
Assets at fair value on a nonrecurring basis: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Impaired loans |  |  | 20,028 |  |  |  | — |  |  |  | — |  |  |  | 20,028 |
Schedule of Foreclosed Assets Measured at Fair Value | The following table presents foreclosed assets that were remeasured and recorded at fair value as of:
|  | June 30, 2020 |  |  | December 31, 2019 |  |  | June 30, 2019 |
Other real estate owned remeasured at initial recognition: |  |  |  |  |  |  |  |  |  |  |  |
Carrying value of other real estate owned prior to remeasurement |  | $ | — |  |  | $ | 147 |  |  | $ | 92 |
Charge-offs recognized in the allowance for credit losses |  |  | — |  |  |  | (11 | ) |  |  | — |
Fair value of other real estate owned remeasured at initial recognition |  | $ | — |  |  | $ | 136 |  |  | $ | 92 |
Other real estate owned remeasured subsequent to initial recognition: |  |  |  |  |  |  |  |  |  |  |  |
Carrying value of other real estate owned prior to remeasurement |  | $ | 62 |  |  | $ | 35 |  |  | $ | 27 |
Write-downs included in collection and other real estate owned expense |  |  | (1 | ) |  |  | (10 | ) |  |  | (6 | )
Fair value of other real estate owned remeasured subsequent to initial recognition |  | $ | 61 |  |  | $ | 25 |  |  | $ | 21 |
Schedule of Quantitative Information About Nonrecurring Level 3 Fair Value Measurements | The following table presents quantitative information about nonrecurring Level 3 fair value measurements as of:
|  | Fair Value |  |  | Valuation Technique(s) |  | Unobservable Input(s) |  | Range (Weighted Average)
June 30, 2020 |  |  |  |  |  |  |  |  |  |
Other real estate owned |  | $ | 402 |  |  | Appraisal value of collateral |  | Selling costs or other normal adjustments |  | 10%-20% (16%)
. |  | Fair Value |  |  | Valuation Technique(s) |  | Unobservable Input(s) |  | Range (Weighted Average)
December 31, 2019 |  |  |  |  |  |  |  |  |  |
Impaired loans |  | $ | 20,028 |  |  | Fair value of collateral - sales comparison approach |  | Selling costs or other normal adjustments: Real estate Equipment |  | 10%-20% (16%) 10%-20% (19%)
Other real estate owned |  | $ | 603 |  |  | Appraisal value of collateral |  | Selling costs or other normal adjustments |  | 10%-20% (16%)
Schedule of Individually Evaluated Collateral Dependent Loans at Fair Value | The following table presents information on individually evaluated collateral dependent loans as of June 30, 2020:
|  | Fair Value Measurements Using |  |  |  |  |
|  | Level 1 |  |  | Level 2 |  |  | Level 3 |  |  | Total Fair Value |
Commercial and industrial |  | $ | — |  |  | $ | — |  |  | $ | 97 |  |  | $ | 97 |
Real estate: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Construction and development |  |  | — |  |  |  | — |  |  |  | 425 |  |  |  | 425 |
Commercial real estate |  |  | — |  |  |  | — |  |  |  | 8,004 |  |  |  | 8,004 |
Farmland |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
1-4 family residential |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Multi-family residential |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Consumer |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Agricultural |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Overdrafts |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Total |  | $ | — |  |  | $ | — |  |  | $ | 8,526 |  |  | $ | 8,526 |
Schedule of Carrying Amounts And Estimated Fair Values of Financial Instruments | The carrying amounts and estimated fair values of financial instruments not previously discussed in this note, as of June 30, 2020 and December 31, 2019, are as follows:
|  | Fair value measurements as of June 30, 2020 using: |
|  | Carrying Amount |  |  | Level 1 Inputs |  |  | Level 2 Inputs |  |  | Level 3 Inputs |  |  | Total Fair Value |
Financial assets: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Cash, due from banks, federal funds sold and interest-bearing deposits |  | $ | 190,994 |  |  | $ | 190,994 |  |  | $ | — |  |  | $ | — |  |  | $ | 190,994 |
Loans, net |  |  | 1,919,201 |  |  |  | — |  |  |  | — |  |  |  | 1,931,631 |  |  |  | 1,931,631 |
Accrued interest receivable |  |  | 11,864 |  |  |  | — |  |  |  | 11,864 |  |  |  | — |  |  |  | 11,864 |
Nonmarketable equity securities |  |  | 16,155 |  |  |  | — |  |  |  | 16,155 |  |  |  | — |  |  |  | 16,155 |
Financial liabilities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Deposits |  | $ | 2,242,026 |  |  | $ | 1,781,126 |  |  | $ | 464,066 |  |  | $ | — |  |  | $ | 2,245,192 |
Securities sold under repurchase agreements |  |  | 17,414 |  |  |  | — |  |  |  | 17,414 |  |  |  | — |  |  |  | 17,414 |
Accrued interest payable |  |  | 1,227 |  |  |  | — |  |  |  | 1,227 |  |  |  | — |  |  |  | 1,227 |
Federal Home Loan Bank advances |  |  | 100,610 |  |  |  | — |  |  |  | 100,665 |  |  |  | — |  |  |  | 100,665 |
Subordinated debentures |  |  | 20,310 |  |  |  | — |  |  |  | 17,875 |  |  |  | — |  |  |  | 17,875 |
|  | Fair value measurements as of December 31, 2019 using: |
|  | Carrying Amount |  |  | Level 1 Inputs |  |  | Level 2 Inputs |  |  | Level 3 Inputs |  |  | Total Fair Value |
Financial assets: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Cash, due from banks, federal funds sold and interest-bearing deposits |  | $ | 90,714 |  |  | $ | 90,714 |  |  | $ | — |  |  | $ | — |  |  | $ | 90,714 |
Marketable securities held to maturity |  |  | 155,458 |  |  |  | — |  |  |  | 160,460 |  |  |  | — |  |  |  | 160,460 |
Loans, net |  |  | 1,690,794 |  |  |  | — |  |  |  | — |  |  |  | 1,705,155 |  |  |  | 1,705,155 |
Accrued interest receivable |  |  | 9,151 |  |  |  | — |  |  |  | 9,151 |  |  |  | — |  |  |  | 9,151 |
Nonmarketable equity securities |  |  | 12,301 |  |  |  | — |  |  |  | 12,301 |  |  |  | — |  |  |  | 12,301 |
Financial liabilities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Deposits |  | $ | 1,956,804 |  |  | $ | 1,438,509 |  |  | $ | 520,469 |  |  | $ | — |  |  | $ | 1,958,978 |
Securities sold under repurchase agreements |  |  | 11,100 |  |  |  | — |  |  |  | 11,100 |  |  |  | — |  |  |  | 11,100 |
Accrued interest payable |  |  | 1,642 |  |  |  | — |  |  |  | 1,642 |  |  |  | — |  |  |  | 1,642 |
Federal Home Loan Bank advances |  |  | 55,118 |  |  |  | — |  |  |  | 55,125 |  |  |  | — |  |  |  | 55,125 |
Subordinated debentures |  |  | 10,810 |  |  |  | — |  |  |  | 8,677 |  |  |  | — |  |  |  | 8,677 |

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