FAIR VALUE (Tables)

12 Months Ended

Dec. 31, 2019

FAIR VALUE

Schedule of fair values of assets and liabilities measured on recurring and non-recurring basis

	December 31, 2019
									Total Gains
(Dollars in thousands)	Total		Level 1		Level 2		Level 3		(Losses)
Assets
Recurring fair value measurements:
Securities available for sale:
Obligations of U.S. Government entities and agencies	$	12,436	$	—	$	—	$	12,436
States and political subdivisions		1,279		—		1,279		—
Mortgage-backed GSE residential		1,980		—		1,980		—
Total securities available for sale		15,695		—		3,259		12,436
SBA servicing asset		8,162		—		—		8,162
Interest only strip		26		—		—		26
	$	23,883	$	—	$	3,259	$	20,624
Non-recurring fair value measurements:
Impaired loans	$	4,523	$	—	$	—	$	4,523	$	338

	December 31, 2018
									Total Gains
(Dollars in thousands)	Total		Level 1		Level 2		Level 3		(Losses)
Assets
Recurring fair value measurements:
Securities available for sale:
Obligations of U.S. Government entities and agencies	$	15,183	$	—	$	—	$	15,183
States and political subdivisions		1,213		—		1,213		—
Mortgage-backed GSE residential		2,492		—		2,492		—
Total securities available for sale		18,888		—		3,705		15,183
SBA servicing asset		8,419		—		—		8,419
Interest only strip		27		—		—		27
	$	27,334	$	—	$	3,705	$	23,629
Non-recurring fair value measurements:
Impaired loans	$	3,472	$	—	$	—	$	3,472	$	169

Schedule of reconciliation of fair values of assets and liabilities measured on recurring basis using unobservable inputs

	Obligations of		SBA
	U.S. Government		Servicing		Interest Only
(Dollars in thousands)	Entities and Agencies		Asset		Strip		Liabilities
Fair value, January 1, 2019	$	15,183	$	8,419	$	27	$	—
Total loss included in income		—		(257)		(1)		—
Settlements		—		—		—		—
Prepayments/paydowns		(2,747)		—		—		—
Transfers in and/or out of level 3		—		—		—		—
Fair value, December 31, 2019	$	12,436	$	8,162	$	26	$	—
Fair value, January 1, 2018	$	16,661	$	9,329	$	36	$	—
Total loss included in income		—		(910)		(9)		—
Settlements		—		—		—		—
Prepayments/paydowns		(1,478)		—		—		—
Transfers in and/or out of level 3		—		—		—		—
Fair value, December 31, 2018	$	15,183	$	8,419	$	27	$	—
Fair value, January 1, 2017	$	23,916	$	8,823	$	30	$	—
Total gain included in income		—		506		6		—
Settlements		—		—		—		—
Prepayments/paydowns		(7,255)		—		—		—
Transfers in and/or out of level 3		—		—		—		—
Fair value, December 31, 2017	$	16,661	$	9,329	$	36	$	—

Schedule of quantitative information about recurring Level 3 fair value measures

	Valuation	Unobservable	General
	Technique	Input	Range
December 31, 2019
Obligations of U.S. Government entities and agencies	Discounted Cash Flows	Discount Rate	0%-3%
SBA servicing asset and interest only strip	Discounted Cash Flows	Prepayment speed	10.82%-16.54%
		Discount rate	5.80%-12.06%
December 31, 2018
Obligations of U.S. Government entities and agencies	Discounted Cash Flows	Discount Rate	0%-3%
SBA servicing asset and interest only strip	Discounted Cash Flows	Prepayment speed	6.82%-12.87%
		Discount rate	8.78%-14.56%

Schedule of carrying amounts and estimated fair values of Company's financial instruments

	Carrying			Estimated Fair Value at December 31, 2019
(Dollars in thousands)	Amount		Level 1		Level 2		Level 3		Total
Financial Assets:
Cash, due from banks, and federal funds sold	$	276,413	$	—	$	276,413	$	—	$	276,413
Securities purchased under agreements to resell		15,000		—		15,000		—		15,000
Investment securities		15,695		—		3,259		12,436		15,695
FHLB stock		3,842		—		—		—		N/A
Loans, net		1,154,323		—		—		1,169,214		1,169,214
Loans held for sale		85,793		—		88,178		—		88,178
Accrued interest receivable		5,101		—		—		5,101		5,101
SBA servicing assets		8,162		—		—		8,162		8,162
Mortgage servicing assets		18,068		—		—		19,035		19,035
Interest only strips		26		—		—		26		26
Financial Liabilities:
Deposits		1,307,377		—		1,308,946		—		1,308,946
Federal Home Loan Bank advances		60,000		—		60,000		—		60,000
Other borrowings		3,129		—		3,129		—		3,129
Accrued interest payable		890		—		890		—		890

	Carrying		Estimated Fair Value at December 31, 2018
(Dollars in thousands)	Amount		Level 1		Level 2		Level 3		Total
Financial Assets:
Cash, due from banks, and federal funds sold	$	138,427	$	—	$	138,427	$	—	$	138,427
Securities purchased under agreements to resell		15,000		—		15,000		—		15,000
Investment securities		18,888		—		3,705		15,183		18,888
FHLB stock		1,163		—		—		—		N/A
Loans, net		1,136,930		—		—		1,166,945		1,166,945
Loans held for sale		56,865		—		56,865		—		56,865
Accrued interest receivable		4,957		—		—		4,957		4,957
SBA servicing asset		8,419		—		—		8,419		8,419
Mortgage servicing assets		14,934		—		—		16,460		16,460
Interest only strips		27		—		—		27		27
Financial Liabilities:
Deposits		1,244,232		—		1,242,863		—		1,242,863
Other borrowings		4,257		—		4,257		—		4,257
Accrued interest payable		1,251		—		1,251		—		1,251