SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)

12 Months Ended

Dec. 31, 2017

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES [Abstract]

Accounts of the Company and its Wholly Owned Subsidiaries

The consolidated financial statements include the accounts of Premier Financial Bancorp, Inc. (the "Company" or "Premier") and its wholly-owned subsidiaries:

			Unaudited
			December 31, 2017
Subsidiary	Location	Year Acquired	Total Assets		Net Income
Citizens Deposit Bank & Trust	Vanceburg, Kentucky	1991	$	422,849	$	4,500
Premier Bank, Inc.	Huntington, West Virginia	1998		1,064,094		12,137
Parent and Intercompany Eliminations				6,481		(1,818	)
Consolidated total			$	1,493,424	$	14,819