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SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)
12 Months Ended
Dec. 31, 2019
Accounting Policies [Abstract]  
Earnings Per Share
For the years ended
December 31,
(Dollars in thousands except shares and per share data)201920182017
Numerator for basic earnings per share:
Net Income from continuing operations$26,564  $12,003  $7,575  
Less: Dividends on preferred stock479  489  498  
Net Income from continuing operations available to common shareholders - basic26,085  11,514  7,077  
Net Income from discontinued operations available to common shareholders - basic and diluted427  —  —  
Net Income available to common shareholders$26,512  $11,514  $7,077  
Numerator for diluted earnings per share:
Net Income from continuing operations available to common shareholders - basic$26,085  $11,514  $7,077  
Add: Dividends on preferred stock—  489  —  
Add: Interest on subordinated debt (tax effected)—  753  —  
Net Income available to common shareholders from continuing operations - diluted$26,085  $12,756  $7,077  
Denominator:
Total average shares outstanding11,713,885  11,030,984  10,308,738  
Effect of dilutive convertible preferred stock—  489,625  —  
Effect of dilutive convertible subordinated debt—  837,500  —  
Effect of dilutive stock options and restricted stock units330,782  363,894  131,490  
Total diluted average shares outstanding12,044,667  12,722,003  10,440,228  
Earnings per share from continuing operations - basic$2.22  $1.04  $0.69  
Earnings per share from discontinued operations - basic$0.04  $—  $—  
Earnings per common shareholder - basic$2.26  $1.04  $0.69  
Earnings per share from continuing operations - diluted$2.16  $1.00  $0.68  
Earnings per share from discontinued operations - diluted$0.04  $—  $—  
Earnings per common shareholder - diluted$2.20  $1.00  $0.68  
Assets and Liabilities of Branches Held for Sale
Assets to be acquired and liabilities to be assumed are summarized as follows:
(Dollars in thousands)As of December 31, 2019
Loans$42,916  
Premises and equipment, net3,638  
Assets of branches held for sale$46,554  
Noninterest-bearing deposits$19,251  
Interest-bearing deposits169,019  
Deposits of branches held for sale$188,270