LONG-TERM DEBT (Tables)

12 Months Ended

Dec. 31, 2019

Long-term Debt, Unclassified [Abstract]

Schedule of long-term debt, based on original maturity

Long-term debt, which is based on original maturity, consisted of FHLB advances and subordinated debentures totaling $101.5 million and $122.2 million at December 31, 2019 and 2018, respectively.

	December 31,
	2019		2018
	(Dollars in thousands)
FHLB advances	$	50,000	$	50,000
Subordinated debentures	51,547		72,166
Total	$	101,547	$	122,166

Schedule of future principal payments on long-term debt based on final maturity

At December 31, 2019, future principal payments on long-term debt based on redemption date or final maturity are as follows (dollars in thousands):

Year Ending December 31:
2020	$	25,000
2021	25,000
2022	—
2023	—
2024	—
Thereafter	51,547
Total	$	101,547

Schedule of Subordinated Borrowing

As of December 31, 2019 and December 31, 2018, the Company had the following junior subordinated debentures outstanding:

(dollars in thousands)	December 31, 2019
Name of Trust	Amount of Subordinated Debentures		Interest Rate
Trust IV	$	30,928	Three month LIBOR + 2.45%
Trust V	20,619		Three month LIBOR + 1.87%
Total	$	51,547
	December 31, 2018
Name of Trust	Amount of Subordinated Debentures		Interest Rate
Trust II	$	20,619	Three month LIBOR + 2.85%
Trust IV	30,928		Three month LIBOR + 2.45%
Trust V	20,619		Three month LIBOR + 1.87%
Total	$	72,166