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FAIR VALUE (Tables) | 9 Months Ended
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Sep. 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 September 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 |  | $ | 98,371 |  |  | $ | — |  |  | $ | 98,371 |  |  | $ | — |
Collateralized mortgage obligations |  |  | 75,329 |  |  |  | — |  |  |  | 75,329 |  |  |  | — |
Municipal securities |  |  | 175,308 |  |  |  | — |  |  |  | 175,308 |  |  |  | — |
Corporate bonds |  |  | 19,879 |  |  |  | — |  |  |  | 19,879 |  |  |  | — |
Loans held for sale |  |  | 9,148 |  |  |  | — |  |  |  | — |  |  |  | 9,148 |
Cash surrender value of life insurance |  |  | 35,304 |  |  |  | — |  |  |  | 35,304 |  |  |  | — |
SBA servicing assets |  |  | 746 |  |  |  | — |  |  |  | — |  |  |  | 746 |
Derivative instrument assets |  |  | 689 |  |  |  | — |  |  |  | 689 |  |  |  | — |
Derivative instrument liabilities |  |  | (1,256 | ) |  |  | — |  |  |  | (1,256 | ) |  |  | — |
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:
|  | September 30, 2020 |  |  | December 31, 2019 |  |  | September 30, 2019 |
Other real estate owned remeasured at initial recognition: |  |  |  |  |  |  |  |  |  |  |  |
Carrying value of other real estate owned prior to remeasurement |  | $ | — |  |  | $ | 147 |  |  | $ | 137 |
Charge-offs recognized in the allowance for credit losses |  |  | — |  |  |  | (11 | ) |  |  | (9 | )
Fair value of other real estate owned remeasured at initial recognition |  | $ | — |  |  | $ | 136 |  |  | $ | 128 |
Other real estate owned remeasured subsequent to initial recognition: |  |  |  |  |  |  |  |  |  |  |  |
Carrying value of other real estate owned prior to remeasurement |  | $ | 62 |  |  | $ | 35 |  |  | $ | — |
Write-downs included in collection and other real estate owned expense |  |  | (1 | ) |  |  | (10 | ) |  |  | — |
Fair value of other real estate owned remeasured subsequent to initial recognition |  | $ | 61 |  |  | $ | 25 |  |  | $ | — |
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)
September 30, 2020 |  |  |  |  |  |  |  |  |  |
Other real estate owned |  | $ | 310 |  |  | 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% (12%)
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 September 30, 2020:
|  | Fair Value Measurements Using |  |  |  |  |
|  | Level 1 |  |  | Level 2 |  |  | Level 3 |  |  | Total Fair Value |
Commercial and industrial |  | $ | — |  |  | $ | — |  |  | $ | 92 |  |  | $ | 92 |
Real estate: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Construction and development |  |  | — |  |  |  | — |  |  |  | 435 |  |  |  | 435 |
Commercial real estate |  |  | — |  |  |  | — |  |  |  | 7,997 |  |  |  | 7,997 |
Farmland |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
1-4 family residential |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Multi-family residential |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Consumer |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Agricultural |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Overdrafts |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Total |  | $ | — |  |  | $ | — |  |  | $ | 8,524 |  |  | $ | 8,524 |
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 September 30, 2020 and December 31, 2019, are as follows:
|  | Fair value measurements as of September 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 |  | $ | 193,371 |  |  | $ | 193,371 |  |  | $ | — |  |  | $ | — |  |  | $ | 193,371 |
Loans, net |  |  | 1,921,234 |  |  |  | — |  |  |  | — |  |  |  | 1,932,813 |  |  |  | 1,932,813 |
Accrued interest receivable |  |  | 8,361 |  |  |  | — |  |  |  | 8,361 |  |  |  | — |  |  |  | 8,361 |
Nonmarketable equity securities |  |  | 13,493 |  |  |  | — |  |  |  | 13,493 |  |  |  | — |  |  |  | 13,493 |
Financial liabilities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Deposits |  | $ | 2,223,082 |  |  | $ | 1,834,047 |  |  | $ | 391,237 |  |  | $ | — |  |  | $ | 2,225,284 |
Securities sold under repurchase agreements |  |  | 20,520 |  |  |  | — |  |  |  | 20,520 |  |  |  | — |  |  |  | 20,520 |
Accrued interest payable |  |  | 945 |  |  |  | — |  |  |  | 945 |  |  |  | — |  |  |  | 945 |
Federal Home Loan Bank advances |  |  | 99,105 |  |  |  | — |  |  |  | 99,144 |  |  |  | — |  |  |  | 99,144 |
Subordinated debentures |  |  | 20,310 |  |  |  | — |  |  |  | 17,891 |  |  |  | — |  |  |  | 17,891 |
|  | 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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