NOTES PAYABLE AND LONG-TERM DEBT (Tables)

6 Months Ended

Jun. 30, 2021

Debt Disclosure [Abstract]

Schedule of Short-term Debt

Short-term debt and current portion of long-term debt consisted of the following as of June 30, 2021 and December 31, 2020:

($ in thousands)	June 30,		December 31,
	2021		2020
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 June 30, 2021 and December 31, 2020:

($ in thousands)	June 30,		December 31,
	2021		2020
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.	$	1,000	$	1,000
Subordinated debentures issued on December 15, 2005 with floating rate interest equal to 3-Month LIBOR plus 375 basis points; net of $136,000 in debt issuance cost ($140,000 in 2020); maturity December 15, 2035.  Interest payable quarterly.  Redeemable prior to maturity. Unsecured.	9,143		9,139
Subordinated debentures issued on June 21, 2007 with floating rate interest equal to 3-Month LIBOR plus 340 basis points; net of $53,000 in debt issuance cost ($55,000 in 2020); maturity June 15, 2037. Interest payable quarterly.  Redeemable prior to maturity. Unsecured.	3,040		3,038
	$	13,183	$	13,177