LOANS (Tables)

12 Months Ended

Dec. 31, 2018

Receivables [Abstract]

Schedule of accounts, notes, loans and financing receivable

The Company’s loan portfolio at the dates indicated is summarized below:

	December 31,			December 31,
	2018			2017
Commercial and industrial	$	121,855		$	113,801
Construction and land		47,302			22,720
Commercial real estate		701,983			669,150
Residential		102,708			84,781
Consumer		1,847			1,096
Total loans		975,695			891,548
Net deferred loan fees		(366	)		(469	)
Allowance for loan losses		(5,140	)		(4,215	)
Net loans	$	970,189		$	886,864

Schedule of impaired financing receivables

The Company’s total impaired loans, including nonaccrual loans, accruing TDR loans and accreting PCI loans that have experienced post-acquisition declines in cash flows expected to be collected are summarized as follows:

	Commercial and industrial		Construction and land		Commercial real estate		Residential		Consumer		Total
December 31, 2018
Recorded investment in impaired loans:
With no specific allowance recorded	$	1,868	$	—	$	1,346	$	654	$	—	$	3,868
With a specific allowance recorded		10		—		—		—		—		10
Total recorded investment in impaired loans	$	1,878	$	—	$	1,346	$	654	$	—	$	3,878
Specific allowance on impaired loans		10		—		—		—		—		10
December 31, 2017
Recorded investment in impaired loans:
With no specific allowance recorded	$	—	$	—	$	1,120	$	—	$	—	$	1,120
With a specific allowance recorded		—		—		13		—		—		13
Total recorded investment in impaired loans	$	—	$	—	$	1,133	$	—	$	—	$	1,133
Specific allowance on impaired loans		—		—		13		—		—		13
Year ended December 31, 2018
Average recorded investment in impaired loans		2,004		—		629		664		—		3,297
Interest recognized		54		—		106		24		—		184
Year ended December 31, 2017
Average recorded investment in impaired loans		—		—		1,160		—		—		1,160
Interest recognized		—		—		58		—		—		58
Year ended December 31, 2016
Average recorded investment in impaired loans		473		—		653		—		—		1,126
Interest recognized		—		—		—		—		—		—

Schedule of debtor troubled debt restructuring, current period

The following table represents loans by class, modified as TDRs, during the periods indicated:

	Number of loans		Rate modification		Term modification		Interest only modification		Rate & term modification		Total
Year ended December 31, 2018
Commercial and industrial		—	$	—	$	—	$	—	$	—	$	—
Construction and land		—		—		—		—		—		—
Commercial real estate		—		—		—		—		—		—
Residential		2		—		125		—		471		596
Consumer		—		—		—		—		—		—
Total		2	$	—	$	125	$	—	$	471	$	596

	Number of loans		Rate modification		Term modification		Interest only modification		Rate & term modification		Total
Year ended December 31, 2017
Commercial and industrial		1	$	—	$	—	$	—	$	13	$	13
Construction and land		—		—		—		—		—		—
Commercial real estate		3		—		238		—		794		1,032
Residential		—		—		—		—		—		—
Consumer		—		—		—		—		—		—
Total		4	$	—	$	238	$	—	$	807	$	1,045

Schedule of financing receivable credit quality indicators

The following tables represent the internally assigned risk grade by class of loans at the dates indicated:

			Special
	Pass		mention		Substandard		Doubtful		Total
December 31, 2018
Commercial and industrial	$	119,926	$	1,302	$	627	$	—	$	121,855
Construction and land		44,490		—		2,812		—		47,302
Commercial real estate		686,154		12,120		3,709		—		701,983
Residential		101,908		147		653		—		102,708
Consumer		1,847		—		—		—		1,847
Total	$	954,325	$	13,569	$	7,801	$	—	$	975,695

			Special
	Pass		mention		Substandard		Doubtful		Total
December 31, 2017
Commercial and industrial	$	112,078	$	807	$	916	$	—	$	113,801
Construction and land		19,833		—		2,887		—		22,720
Commercial real estate		661,878		4,058		3,214		—		669,150
Residential		84,781		—		—		—		84,781
Consumer		1,096		—		—		—		1,096
Total	$	879,666	$	4,865	$	7,017	$	—	$	891,548

Schedule of past due financing receivables

The following table provides an aging of the Company’s loans receivable as of the dates indicated:

					90 Days										Non-
	30 - 59 Days		60 - 89 Days		or more		Total						Total loans		performing
	past due		past due		past due		past due		Current		PCI loans		receivable		loans
December 31, 2018
Commercial and industrial	$	270	$	349	$	1,861	$	2,480	$	119,373	$	2	$	121,855	$	1,878
Construction and land		—		—		—		—		47,069		233		47,302		—
Commercial real estate		2,345		356		501		3,202		688,005		10,776		701,983		596
Residential		93		—		57		150		100,765		1,793		102,708		654
Consumer		—		4		—		4		1,843		—		1,847		—
Total	$	2,708	$	709	$	2,419	$	5,836	$	957,056	$	12,804	$	975,696	$	3,128

					90 Days										Non-
	30 - 59 Days		60 - 89 Days		or more		Total						Total loans		performing
	past due		past due		past due		past due		Current		PCI loans		receivable		loans
December 31, 2017
Commercial and industrial	$	96	$	—	$	—	$	96	$	113,702	$	3	$	113,801	$	13
Construction and land		—		—		—		—		22,720		—		22,720		—
Commercial real estate		1,446		—		—		1,446		654,687		13,017		669,150		166
Residential		349		—		—		349		83,137		1,295		84,781		—
Consumer		3		—		—		3		1,093		—		1,096		—
Total	$	1,894	$	—	$	—	$	1,894	$	875,339	$	14,315	$	891,548	$	179

Schedule of purchase credit impaired loans

The unpaid principal balance and carrying value of the Company’s PCI loans at the dates indicated are as follows:

	December 31, 2018				December 31, 2017
	Unpaid				Unpaid
	principal		Carrying		principal		Carrying
	balance		value		balance		value
Commercial and industrial	$	125	$	2	$	149	$	3
Construction and land		335		233		—		—
Commercial real estate		12,605		10,776		15,706		13,017
Residential		2,381		1,793		1,562		1,295
Consumer		—		—		—		—
Total	$	15,446	$	12,804	$	17,417	$	14,315

Schedule of changes in the accretable yield of PCI loans

	December 31,			December 31,
	2018			2017
Balance at beginning of period	$	372		$	311
Additions		485			1,422
Removals		301			—
Accretion		(902	)		(1,361	)
Balance at end of period	$	256		$	372