PARENT COMPANY FINANCIAL INFORMATION (Tables)

12 Months Ended

Dec. 31, 2017

Condensed Financial Information of Parent Company Only Disclosure [Abstract]

Schedule of condensed balance sheets

Condensed Balance Sheets

	At December 31,
	2017			2016
Assets
Cash and due from banks		$	6,761		$	818
Loans, net of allowance for loan losses			776			776
Investments			620			620
Investment in subsidiary bank, at equity			274,190			128,671
Other assets			596			11
Total assets		$	282,943		$	130,896
Liabilities and Stockholders’ Equity
Trust preferred securities payable			20,620			20,620
Subordinated debt payable, net of issuance costs			24,489			—
Other liabilities			950			785
Total liabilities			46,059			21,405
Stockholders’ equity:
Preferred stock			3			3
Common stock			81			45
Surplus			211,145			96,116
Retained earnings			25,861			13,492
Accumulated other comprehensive loss, net of tax			(206)			(165)
Total equity			236,884			109,491
Total liabilities and stockholders’ equity		$	282,943		$	130,896

Schedule of condensed statements of income

Condensed Statements of Income

	Year Ended December 31,
	2017			2016			2015
Income:
Loan		$	17		$	6		$	—
Securities and money market funds			—			19			25
Total interest income			17			25			25
Interest expense:
Trust preferred securities payable			636			539			455
Subordinated debt interest expense			1,322			—			—
Total interest expense			1,958			539			455
Net interest expense			(1,941)			(514)			(430)
Provision for loan losses			—			4			—
Net interest income after provision for loan losses			(1,941)			(518)			(430)
Other expense			33			—			—
Loss before undistributed earnings of subsidiary bank			(1,974)			(518)			(430)
Equity in undistributed earnings of subsidiary bank			13,560			5,319			4,526
Income before income tax expense			11,586			4,801			4,096
Income tax benefit			(783)			(212)			(173)
Net income		$	12,369		$	5,013		$	4,269

Schedule of condensed statement of cash flows

Condensed Statement of Cash Flows

	Year Ended December 31,
	2017			2016			2015
Cash Flows From Operating Activities:
Net income		$	12,369		$	5,013		$	4,269
Adjustments to reconcile net income to net cash provided by (used in) operating activities:
Undistributed earnings of subsidiary bank			(13,560)			(5,319)			(4,526)
Amortization of subordinated debt issuance costs			46			—			—
Provision for loan losses			—			4			—
Stock based compensation expense			412			—			—
Decrease (increase) in other assets			(585)			25			(29)
Increase (decrease) in other liabilities			165			415			26
Net cash provided by (used in) operating activities			(1,153)			138			(260)
Cash Flows From Investing Activities:
Investments in subsidiary bank			(132,000)			(26,000)			(11,400)
Loan to related party			—			(780)			—
Net cash used in Investing activities			(132,000)			(26,780)			(11,400)
Cash Flows From Financing Activities:
Proceeds from issuance of common stock, net			114,773			28,368			12,606
Repurchase of common stock for exercise of stock options and tax withholdings for restricted stock vestings			(255)			—			—
Proceeds from issuance of preferred stock, net			—			5,503			—
Purchase and retirement of preferred stock			—			(1,400)			—
Redemption of preferred stock, net			—			(2,672)			—
Proceeds from exercise of stock options			135			—			—
Proceeds from issuance of subordinated debt, net of issuance cost			24,443			—			—
Payment of preferred stock dividend			—			(3,420)			—
Net cash provided by financing activities			139,096			26,379			12,606
Net (decrease) increase in cash and cash equivalents			5,943			(263)			946
Cash and cash equivalents, beginning of year			818			1,081			135
Cash and cash equivalents, end of year		$	6,761		$	818		$	1,081