NOTES PAYABLE AND LONG-TERM DEBT (Tables)

12 Months Ended

Dec. 31, 2019

Debt Disclosure [Abstract]

Schedule of Short-term Debt

Short-term debt and current portion of long-term debt consisted of the following as of December 31, 2019 and December 31, 2018:

($ in thousands)	December 31,		December 31,
	2019		2018
Current portion of installment note payable due in November with variable interest rate equal to the WSJ prime rate plus 0.5%. Unsecured.	$	500	$	2,200
	$	500	$	2,200

Schedule of Long-term Debt Instruments

Long-term debt consisted of the following as of December 31, 2019 and December 31, 2018:

($ in thousands)	December 31,		December 31,
	2019		2018
Promissory note with variable interest rate equal to the WSJ prime rate plus 0.5%; maturity November 2023. Annual installment payments beginning November 2020. Unsecured.	$	1,500	$	—
Subordinated debentures issued on December 15, 2005 with floating rate interest equal to 3-Month LIBOR plus 375 basis points; net of $150,000 in debt issuance cost ($159,000 in 2018); maturity December 15, 2035.  Interest payable quarterly.  Redeemable prior to maturity. Unsecured.	9,129		9,120
Subordinated debentures issued on June 21, 2007 with floating rate interest equal to 3-Month LIBOR plus 340 basis points; net of $58,000 in debt issuance cost ($61,000 in 2018); maturity June 15, 2037. Interest payable quarterly.  Redeemable prior to maturity. Unsecured.	3,035		3,032
	$	13,664	$	12,152

Schedule of Maturities of Long-term Debt

Annual maturities of all outstanding debt for the next five years and beyond are as follows:

($ in thousands)
2020		2021		2022		2023		2024		Thereafter
$	500	$	500	$	500	$	500	$	—	$	12,164