NOTES PAYABLE AND LONG-TERM DEBT (Tables)

3 Months Ended

Mar. 31, 2020

Debt Disclosure [Abstract]

Schedule of Short-term Debt

Short-term debt and current portion of long-term debt consisted of the following as of March 31, 2020 and December 31, 2019:

($ in thousands)	March 31,		December 31,
	2020		2019
Current portion of installment note payable due in November with variable interest rate equal to the WSJ prime rate plus 0.5%, with a 4.75% floor. Unsecured.	$	500	$	500
	$	500	$	500

Schedule of Long-term Debt Instruments

Long-term debt consisted of the following as of March 31, 2020 and December 31, 2019:

($ in thousands)	March 31,		December 31,
	2020		2019
Promissory note with variable interest rate equal to the WSJ prime rate plus 0.5%, with a 4.75% floor; maturity November 2023. Annual installment payments beginning November 2020. Unsecured.	$	1,500	$	1,500
Subordinated debentures issued on December 15, 2005 with floating rate interest equal to 3-Month LIBOR plus 375 basis points; net of $148,000 in debt issuance cost ($150,000 in 2019); maturity December 15, 2035.  Interest payable quarterly.  Redeemable prior to maturity. Unsecured.	9,131		9,129
Subordinated debentures issued on June 21, 2007 with floating rate interest equal to 3-Month LIBOR plus 340 basis points; net of $57,000 in debt issuance cost ($58,000 in 2019); maturity June 15, 2037. Interest payable quarterly.  Redeemable prior to maturity. Unsecured.	3,036		3,035
	$	13,667	$	13,664