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Document and Entity Information - shares	9 Months Ended
Document and Entity Information - shares	Sep. 30, 2019	Nov. 13, 2019
Cover [Abstract]
Entity Registrant Name	SOUTH PLAINS FINANCIAL, INC.
Entity Central Index Key	0001163668
Current Fiscal Year End Date	--12-31
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Shell Company	false
Entity Filer Category	Non-accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	true
Entity Ex Transition Period	false
Entity Common Stock, Shares Outstanding		18,007,041
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Sep. 30, 2019
Document Fiscal Year Focus	2019
Document Fiscal Period Focus	Q3
Entity Address, State or Province	TX

CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($) $ in Thousands	Sep. 30, 2019	Dec. 31, 2018
ASSETS
Cash and due from banks	$ 48,709	$ 47,802
Interest-bearing deposits in banks	195,281	198,187
Federal funds sold	655	0
Cash and cash equivalents	244,645	245,989
Securities available for sale	401,335	338,196
Loans held for sale	50,136	38,382
Loans held for investment	1,962,609	1,957,197
Allowance for loan losses	(24,176)	(23,126)
Accrued interest receivable	11,675	12,957
Premises and equipment, net	59,189	59,787
Bank-owned life insurance	58,109	57,172
Intangible assets	2,464	0
Other assets	29,596	26,191
Total assets	2,795,582	2,712,745
Deposits:
Noninterest-bearing	556,233	510,067
Interest-bearing	1,729,741	1,767,387
Total deposits	2,285,974	2,277,454
Short-term borrowings	9,855	17,705
Accrued expenses and other liabilities	32,861	29,416
Notes payable & other borrowings	95,000	95,000
Subordinated debt securities	26,472	34,002
Junior subordinated deferrable interest debentures	46,393	46,393
Total liabilities	2,496,555	2,499,970
Commitments and contingent liabilities
ESOP owned shares	0	58,195
Stockholders' equity:
Common stock, $1.00 par value per share, 30,000,000 shares authorized; 18,004,323 and 14,771,520 issued and outstanding at September 30, 2019 and December 31, 2018, respectively	18,004	14,772
Additional paid-in capital	140,268	80,412
Retained earnings	137,127	119,834
Accumulated other comprehensive income (loss)	3,628	(2,243)
Stockholders' equity including ESOP owned shares	299,027	212,775
Less ESOP owned shares	0	58,195
Total stockholders' equity	299,027	154,580
Total liabilities and stockholders' equity	$ 2,795,582	$ 2,712,745

CONSOLIDATED BALANCE SHEETS (Unaudited) (Parenthetical) - $ / shares	Sep. 30, 2019	Dec. 31, 2018
Stockholders' equity:
Common stock, par value (in dollars per share)	$ 1.00	$ 1.00
Common stock, shares authorized (in shares)	30,000,000	30,000,000
Common stock, shares issued (in shares)	18,004,323	14,771,520
Common stock, shares outstanding (in shares)	18,004,323	14,771,520

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (Unaudited) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Interest income:
Loans, including fees	$ 29,652	$ 27,652	$ 86,342	$ 77,388
Securities:
Taxable	2,021	1,736	6,013	3,323
Non taxable	226	530	669	2,646
Federal funds sold and interest-bearing deposits in banks	1,766	813	5,154	3,065
Total interest income	33,665	30,731	98,178	86,422
Interest expense:
Deposits	5,627	4,670	17,655	11,959
Notes payable & other borrowings	581	541	1,849	1,444
Subordinated debt securities	404	245	1,213	735
Junior subordinated deferrable interest debentures	485	487	1,510	1,339
Total interest expense	7,097	5,943	22,227	15,477
Net interest income	26,568	24,788	75,951	70,945
Provision for loan losses	420	3,415	1,903	5,733
Net interest income, after provision for loan losses	26,148	21,373	74,048	65,212
Noninterest income:
Service charges on deposit accounts	2,101	1,979	5,985	5,757
Income from insurance activities	1,114	1,462	4,074	3,992
Net gain on sales of loans	6,626	5,172	17,521	15,382
Bank card services and interchange fees	2,192	2,101	6,273	6,110
Investment commissions	419	424	1,245	1,300
Other	1,663	2,157	4,795	5,190
Total noninterest income	14,115	13,295	39,893	37,731
Noninterest expense:
Salaries and employee benefits	18,135	18,044	56,044	53,463
Occupancy and equipment, net	3,486	3,388	10,309	10,103
Professional services	1,852	1,474	5,169	4,303
Marketing and development	762	671	2,275	2,249
IT and data services	722	564	2,104	1,667
Bank card expenses	864	665	2,394	1,988
Appraisal expenses	467	455	1,197	1,095
Other	3,740	3,385	10,502	10,077
Total noninterest expense	30,028	28,646	89,994	84,945
Income before income taxes	10,235	6,022	23,947	17,998
Income tax expense (benefit)	1,977	1,109	4,836	(5,429)
Net income	$ 8,258	$ 4,913	$ 19,111	$ 23,427
Earnings per share:
Basic (in dollars per share)	$ 0.46	$ 0.33	$ 1.16	$ 1.59
Diluted (in dollars per share)	$ 0.45	$ 0.33	$ 1.15	$ 1.59
Net income	$ 8,258	$ 4,913	$ 19,111	$ 23,427
Other comprehensive income (loss):
Change in net unrealized loss on securities available for sale	116	(2,811)	7,433	(6,012)
Tax effect	(25)	970	(1,562)	970
Other comprehensive income (loss)	91	(1,841)	5,871	(5,042)
Comprehensive income	$ 8,349	$ 3,072	$ 24,982	18,385
Pro Forma [Member]
Noninterest expense:
Income tax expense (benefit)				3,104
Net income				$ 14,894
Earnings per share:
Basic (in dollars per share)				$ 1.01
Diluted (in dollars per share)				$ 1.01
Net income				$ 14,894

CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS' EQUITY (Unaudited) - USD ($) $ in Thousands	Common Stock [Member]	Additional Paid-in Capital [Member]	Retained Earnings [Member]	Accumulated Other Comprehensive Income (Loss) [Member]	Treasury Stock [Member]	Less: ESOP Owned Shares [Member]	Total
Balance at Dec. 31, 2017	$ 15,154	$ 85,888	$ 120,589	$ (446)	$ (5,858)	$ (57,121)	$ 158,206
Balance (in shares) at Dec. 31, 2017	15,153,510
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	$ 0	0	23,427	0	0	0	23,427
Cash dividends, common	0	0	(17,544)	0	0	0	(17,544)
Other comprehensive income (loss), (net of tax)	0	0	0	(5,042)	0	0	(5,042)
Balance at Sep. 30, 2018	$ 15,154	85,888	126,472	(5,488)	(5,858)	(57,121)	159,047
Balance (in shares) at Sep. 30, 2018	15,153,510
Balance at Jun. 30, 2018	$ 15,154	85,888	121,559	(3,647)	(5,858)	(57,121)	155,975
Balance (in shares) at Jun. 30, 2018	15,153,510
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	$ 0	0	4,913	0	0	0	4,913
Other comprehensive income (loss), (net of tax)	0	0	0	(1,841)	0	0	(1,841)
Balance at Sep. 30, 2018	$ 15,154	85,888	126,472	(5,488)	(5,858)	(57,121)	159,047
Balance (in shares) at Sep. 30, 2018	15,153,510
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Cumulative change in accounting principle	$ 0	0	(1,279)	0	0	0	(1,279)
Balance at Dec. 31, 2018	$ 14,772	80,412	119,834	(2,243)	0	(58,195)	$ 154,580
Balance (in shares) at Dec. 31, 2018	14,771,520						14,771,520
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Issuance of common stock, net	$ 3,207	48,185	0	0	0	0	$ 51,392
Issuance of common stock, net (in shares)	3,207,000
Net income	$ 0	0	19,111	0	0	0	19,111
Cash dividends, common	0	0	(539)	0	0	0	(539)
Other comprehensive income (loss), (net of tax)	0	0	0	5,871	0	0	5,871
Terminated ESOP put option	0	0	0	0	0	58,195	58,195
Exercise of employee stock options, net of 63,100 shares for cashless exercise and net of 8,597 shares for taxes	$ 25	(186)	0	0	0	0	(161)
Exercise of employee stock options, net of 63,100 shares for cashless exercise and net of 8,597 shares for taxes (in shares)	25,803
Stock based compensation	$ 0	407	0	0	0	0	407
Share-based liability awards modified to equity awards	0	11,450	0	0	0	0	11,450
Balance at Sep. 30, 2019	$ 18,004	140,268	137,127	3,628	0	0	$ 299,027
Balance (in shares) at Sep. 30, 2019	18,004,323						18,004,323
Balance at Jun. 30, 2019	$ 17,979	140,189	129,408	3,537	0	0	$ 291,113
Balance (in shares) at Jun. 30, 2019	17,978,520
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Issuance of common stock, net	$ 0	0	0	0	0	0	0
Issuance of common stock, net (in shares)	0
Net income	$ 0	0	8,258	0	0	0	8,258
Cash dividends, common	0	0	(539)	0	0	0	(539)
Other comprehensive income (loss), (net of tax)	0	0	0	91	0	0	91
Terminated ESOP put option	0	0	0	0	0		0
Exercise of employee stock options, net of 63,100 shares for cashless exercise and net of 8,597 shares for taxes	$ 25	(186)	0	0	0	0	(161)
Exercise of employee stock options, net of 63,100 shares for cashless exercise and net of 8,597 shares for taxes (in shares)	25,803
Stock based compensation	$ 0	265	0	0	0	0	265
Share-based liability awards modified to equity awards	0	0	0	0	0	0	0
Balance at Sep. 30, 2019	$ 18,004	$ 140,268	$ 137,127	$ 3,628	$ 0	$ 0	$ 299,027
Balance (in shares) at Sep. 30, 2019	18,004,323						18,004,323

CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS' EQUITY (Unaudited) (Parenthetical) - $ / shares	3 Months Ended	9 Months Ended
	Sep. 30, 2019	Sep. 30, 2019	Sep. 30, 2018
CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS' EQUITY (Unaudited) [Abstract]
Cash dividends, common (in dollars per share)	$ 0.03	$ 0.03	$ 1.19
Exercise of employee stock options, shares for cashless exercise (in shares)	63,100	63,100
Exercise of employee stock options, shares for taxes (in shares)	8,597	8,597

CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018
Cash flows from operating activities:
Net income	$ 19,111	$ 23,427
Adjustments to reconcile net income to net cash from operating activities:
Provision for loan losses	1,903	5,733
Depreciation and amortization	3,733	3,909
Accretion and amortization	(97)	1,507
Other gains, net	(122)	(148)
Net gain on sales of loans	(17,521)	(15,382)
Proceeds from sales of loans held for sale	460,268	431,676
Loans originated for sale	(454,501)	(404,525)
Earnings on bank-owned life insurance	(937)	(999)
Stock based compensation	407	0
Net change in:
Accrued interest receivable and other assets	(3,390)	(9,617)
Accrued expenses and other liabilities	13,616	9,619
Net cash from operating activities	22,470	45,200
Activity in securities available for sale:
Purchases	(165,023)	(464,966)
Sales	0	101,711
Maturities, prepayments, and calls	109,414	226,684
Activity in securities held to maturity:
Maturities, prepayments, and calls	0	14,675
Loan originations and principal collections, net	(7,786)	(142,203)
Cash paid for acquisition	(2,800)	0
Purchases of premises and equipment, net	(3,267)	(2,615)
Proceeds from sales of premises and equipment	208	74
Proceeds from sales of foreclosed assets	1,608	6,388
Net cash from investing activities	(67,646)	(260,252)
Cash flows from financing activities:
Net change in deposits	8,520	107,273
Net change in short-term borrowings	(7,850)	(3,500)
Proceeds from common stock issuance, net	51,392	0
Payments to tax authorities for stock-based compensation	(161)	0
Payments made on notes payable and other borrowings	(7,530)	0
Cash dividends on common stock	(539)	(17,544)
Net cash from financing activities	43,832	86,229
Net change in cash and cash equivalents	(1,344)	(128,823)
Beginning cash and cash equivalents	245,989	294,563
Ending cash and cash equivalents	244,645	165,740
Supplemental disclosures of cash flow information:
Interest paid on deposits and borrowed funds	21,882	11,774
Income taxes paid	4,364	0
Supplemental schedule of noncash investing and financing activities:
Loans transferred to foreclosed assets	1,521	6,151
Share-based liability awards modified to equity awards	$ 11,450	$ 0

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

9 Months Ended

Sep. 30, 2019

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES [Abstract]

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

1.	SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

Nature of Operations – South Plains Financial, Inc. (“SPFI”) is a Texas bank holding company that conducts its principal activities through its subsidiaries from offices located throughout Texas and Eastern New Mexico. Principal activities include commercial and retail banking, along with insurance, investment, trust, and mortgage services. The following are subsidiaries of SPFI:

Wholly Owned, Consolidated Subsidiaries:
City Bank	Bank subsidiary
Windmark Insurance Agency, Inc. (“Windmark”)	Non-bank subsidiary
Ruidoso Retail, Inc.	Non-bank subsidiary
CB Provence, LLC	Non-bank subsidiary
CBT Brushy Creek, LLC	Non-bank subsidiary
CBT Properties, LLC	Non-bank subsidiary
Wholly Owned, Equity Method Subsidiaries:
South Plains Financial Capital Trusts (SPFCT) III-V	Non-bank subsidiaries

Basis of Presentation and Consolidation – The consolidated financial statements in this Quarterly Report on Form 10-Q (“Report”) include the accounts of SPFI and its wholly owned consolidated subsidiaries (collectively referred to as the “Company”) identified above. All significant intercompany balances and transactions have been eliminated in consolidation.

The interim consolidated financial statements in this Report have not been audited by an independent registered public accounting firm, but in the opinion of management, reflect all adjustments necessary for a fair presentation of the Company’s financial position and results of operations. All such adjustments were of a normal and recurring nature. The consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America (“GAAP”) for interim financial information and with the instructions to Form 10-Q adopted by the Securities and Exchange Commission (“SEC”). Accordingly, the financial statements do not include all of the information and footnotes required by GAAP for complete financial statements and should be read in conjunction with the Company’s audited consolidated financial statements, and notes thereto, for the year ended December 31, 2018 in our prospectus filed with the SEC pursuant to Rule 424(b) of the Securities Act of 1933, as amended, on May 9, 2019 (“IPO Prospectus”). Operating results for the interim periods disclosed herein are not necessarily indicative of the results that may be expected for a full year or any future period.

Use of Estimates – The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. Determination of the adequacy of the allowance for loan losses is a material estimate that is particularly susceptible to significant change in the near term; the assumptions used in stock-based compensation, the valuation of foreclosed assets, and fair values of financial instruments can also involve significant management estimates.

Change in Capital Structure

On March 11, 2019, the Company amended and restated its Certificate of Formation. The Amended and Restated Certificate of Formation increased the number of authorized shares of common stock, par value $1.00 per share, from 1,000,000 to 30,000,000.

The Company completed a 29-to-1 stock split of the Company’s outstanding shares of common stock for shareholders of record as of March 11, 2019. The stock split was payable in the form of a dividend on or about March 11, 2019. Shareholders received 29 additional shares for each share held as of the record date. All share and per share amounts in the consolidated financial statements have been retroactively adjusted to reflect this stock split for all periods presented.

Stock Offering – The Company consummated the underwritten initial public offering of its common stock in May 2019. In connection with the initial public offering, the Company issued and sold 3,207,000 shares of its common stock, including 507,000 shares of common stock pursuant to the underwriters’ full exercise of their option to purchase additional shares at a public offering price of $17.50 per share, for aggregate gross proceeds of $56.1 million before deducting underwriting discounts and offering expenses, and aggregate net proceeds of $51.4 million after deducting underwriting discounts and offering expenses.

Pro Forma Information – As a result of the revocation of the Company’s subchapter S corporation election effective May 31, 2018, the net income and earnings per share data prior to that date are not comparable with subsequent periods, which include federal income tax expense. As a result, the consolidated statements of comprehensive income in this Report include a pro forma section for the nine-month period ended September 30, 2018, as if the conversion to a subchapter C corporation had occurred effective January 1, 2018. The federal tax rate used for the pro forma nine-month period ended September 30, 2019 is 21%.

In accordance with applicable provisions of the Internal Revenue Code of 1986, as amended, the terms of the South Plains Financial, Inc. Employee Stock Ownership Plan (“ESOP”), provided that, for so long as SPFI was a privately held company, ESOP participants would have the right, for a specified period of time, to require SPFI to repurchase shares of its common stock that were distributed to such participants by the ESOP. This repurchase obligation terminated upon the consummation of our initial public offering and listing of our common stock on the NASDAQ Global Select Market in May 2019. However, because we were privately held at December 31, 2018, the shares of common stock held by the ESOP have been reflected in our consolidated balance sheets as a line item called ESOP-owned shares, that appears between total liabilities and stockholders’ equity during that period. As a result, the value of ESOP-owned shares have been deducted from stockholders’ equity in our consolidated balance sheet for that period. For all periods following our initial public offering and continued listing of our common stock on the NASDAQ Global Select Market, the ESOP-owned shares are and will be included in stockholders’ equity.

Mergers and Acquisitions – On July 25, 2019, SPFI entered into an Agreement and Plan of Merger (the “Merger Agreement”) with West Texas State Bank, a Texas banking association (“WTSB”), providing for SPFI’s acquisition of WTSB through the merger of SPFI Merger Sub, Inc., a Texas corporation and wholly-owned subsidiary of SPFI (“Merger Sub”), with and into WTSB, with WTSB continuing as the surviving entity and thereafter being a wholly-owned subsidiary of SPFI (the “Merger”). Following the consummation of the Merger, WTSB will merge with and into City Bank, a Texas banking association and the wholly-owned subsidiary of the Company (“City Bank”), with City Bank surviving the merger (the “Bank Merger”). Pursuant to the terms and subject to the conditions of the Merger Agreement, the transaction provides for the payment to each outstanding share of WTSB’s common stock (except for shares held by Dissenting Shareholders (as defined in the Merger Agreement)) an amount of cash equal to the quotient of (i) $76,100,000 (subject to adjustment described in the Merger Agreement), divided by (ii) the total number of shares of WTSB common stock issued and outstanding at the time of the closing of the Merger.

Change in Accounting Principle – Prior to January 1, 2019, the Company accounted for its cash-settled stock appreciation rights (“SARs”) using the intrinsic value method, as permitted by ASC 718. As a result of the Company listing its common stock on the NASDAQ Global Select Market and becoming a reporting company with the SEC, the Company is now required to use the fair value method for these SARs. The Company’s calculation of the fair value of the SARs, as of January 1, 2019, exceeded the recorded intrinsic value by $1.6 million. ASC 250 states that an “entity shall report a change in accounting principle through retrospective application of the new accounting principle to all prior periods, unless it is impracticable to do so.” Retrospective application of the effects of a change from the intrinsic value to fair value would be impracticable due to the need to objectively determine assumptions that would be used in prior periods without using current information. Additionally, SEC Staff Accounting Bulletin Topic 14.B states that entities changing from nonpublic to public status are not permitted to apply the fair-value-based method retrospectively. Therefore, the Company recorded a cumulative-effect adjustment to retained earnings for $1.3 million ($1.6 million net of $340,000 in tax) effective January 1, 2019 and applied this change prospectively.

Stock-based Compensation – The Company sponsors an equity incentive plan under which options to acquire shares of the Company common stock may be granted periodically to all full-time employees and directors of the Company or its affiliates at a specific exercise price to acquire shares of the Company’s common stock. Shares are issued out of authorized unissued common shares that have been reserved for issuance under such plan. Compensation cost is measured based on the estimated fair value of the award at the grant date and is recognized in earnings on a straight-line basis over the requisite service period. The fair value of stock options is estimated at the date of grant using the Black-Scholes option pricing model. This model requires assumptions as to the expected stock volatility, dividends, terms and risk-free rates. The expected volatility is based on the combination of the Company’s historical volatility and the volatility of comparable peer banks. The expected term represents the period of time that options are expected to be outstanding from the grant date. The risk-free interest rate is based on the U.S. Treasury yield curve in effect at the time of grant for the appropriate life of each stock option.

Goodwill and Other Intangible Assets – Goodwill resulting from business combinations is generally determined as the excess of the fair value of the consideration transferred over the fair value of the net assets acquired and liabilities assumed as of the acquisition date. Goodwill is not amortized, but is tested for impairment at least annually or more frequently if events and circumstances exist that indicate that an impairment test should be performed. Intangible assets with definite lives are amortized over their estimated useful lives. Other intangible assets consist of customer relationship and employment agreement intangible assets and are amortized over their estimated useful lives of 5 years.

Recent Accounting Pronouncements – Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (“ASC”) constitutes GAAP for nongovernmental entities. Updates to ASC are prescribed in Accounting Standards Updates (“ASU”), which are not authoritative until incorporated into ASC.

ASU 2016-01 Financial Instruments - Overall (Subtopic 825-10): Recognition and Measurement of Financial Assets and Financial Liabilities. ASU 2016-01, among other things, eliminates the requirement to disclose the fair value of financial instruments at amortized cost for entities that are not public business entities. We originally adopted the new standard effective January 1, 2018, the effective date of the guidance. Accordingly, the Company’s fair value of financial instruments at amortized cost were not disclosed in our consolidated financial statements for 2018. However, based on the Company becoming a public company in May 2019, these disclosures are now required and have been included in our consolidated financial statements presented in this Report.

ASU 2016-02 Leases (Topic 842). The FASB amended existing guidance that requires that lessees recognize lease assets and lease liabilities on the balance sheet and disclose key information about leasing arrangements. The Company is in the process of determining the effect of the standard on its consolidated operating results and financial condition. These amendments are effective beginning January 1, 2020.

ASU 2016-13 Financial Instruments - Credit Losses (Topic 326). The FASB issued guidance to replace the incurred loss model with an expected loss model, which is referred to as the current expected credit loss (“CECL”) model. The CECL model is applicable to the measurement of credit losses on financial assets measured at amortized cost, including loan receivables, held to maturity securities, and debt securities. ASU 2016-13 is effective for the Company for annual periods beginning after December 15, 2022, including interim periods within those fiscal years. Entities will apply the standard’s provisions as a cumulative-effect adjustment to retained earnings as of the beginning of the first reporting period in which the guidance is adopted. The Company is currently evaluating the impact adoption of ASU 2016-13 will have on its consolidated operating results and financial condition.

SECURITIES

9 Months Ended

Sep. 30, 2019

SECURITIES [Abstract]

SECURITIES

2.	SECURITIES

The amortized cost and fair value of securities, with gross unrealized gains and losses, at period-end follow:

	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses			Fair Value
September 30, 2019
Available for sale:
U.S. government and agencies	$	6,848	$	53	$	—		$	6,901
State and municipal		40,720		884		(52	)		41,552
Mortgage-backed securities		251,958		3,226		(1,306	)		253,878
Collateralized mortgage obligations		60,244		—		(59	)		60,185
Asset-backed and other amortizing securities		36,972		1,847		—			38,819
	$	396,742	$	6,010	$	(1,417	)	$	401,335

	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses			Fair Value
December 31, 2018
Available for sale:
U.S. government and agencies	$	84,765	$	18	$	(76	)	$	84,707
State and municipal		32,205		480		(375	)		32,310
Mortgage-backed securities		184,267		29		(2,040	)		182,256
Asset-backed and other amortizing securities		39,799		1		(877	)		38,923
	$	341,036	$	528	$	(3,368	)	$	338,196

The amortized cost and fair value of securities at September 30, 2019 are presented below by contractual maturity. Expected maturities may differ from contractual maturities because issuers may have the right to call or prepay obligations. Other securities are shown separately since they are not due at a single maturity date.

	Available for Sale
	Amortized Cost		Fair Value
Within 1 year	$	470	$	475
After 1 year through 5 years		6,848		6,901
After 5 years through 10 years		10,434		10,630
After 10 years		29,816		30,447
Other		349,174		352,882
	$	396,742	$	401,335

At September 30, 2019 and December 31, 2018, there were no holdings of securities of any one issuer, other than the U.S. government and its agencies, in an amount greater than 10% of stockholders’ equity.

Securities with a carrying value of approximately $198.6 million and $200.0 million at September 30, 2019 and December 31, 2018, respectively, were pledged to collateralize public deposits and for other purposes as required or permitted by law.

The following table segregates securities with unrealized losses at the periods indicated, by the duration they have been in a loss position:

	Less than 12 Months				12 Months or More				Total
	Fair Value		Unrealized Loss		Fair Value		Unrealized Loss		Fair Value		Unrealized Loss
September 30, 2019
U.S. government and agencies	$	—	$	—	$	—	$	—	$	—	$	—
State and municipal		9,066		36		1,220		16		10,286		52
Mortgage-backed securities		61,931		1,235		6,679		72		68,610		1,307
Collateralized mortgage obligations		60,185		58		—		—		60,185		58
	$	131,182	$	1,329	$	7,899	$	88	$	139,081	$	1,417

December 31, 2018
U.S. government and agencies	$	77,891	$	27	$	2,048	$	49	$	79,939	$	76
State and municipal		5,662		92		9,781		283		15,443		375
Mortgage-backed securities		108,962		293		54,035		1,747		162,997		2,040
Asset-backed and other amortizing securities		—		—		37,351		877		37,351		877
	$	192,515	$	412	$	103,215	$	2,956	$	295,730	$	3,368

There were 23 securities with an unrealized loss at September 30, 2019. Management does not believe that these losses are other than temporary as there is no intent to sell any of these securities before recovery and it is not probable that we will be required to sell any of these securities before recovery, and credit loss, if any, is not material. Any unrealized losses are largely due to increases in market interest rates over the yields available at the time the underlying securities were purchased. The fair value is expected to recover as the securities approach their maturity date or if market yields for such investments decline. Management does not believe any of the securities are impaired due to reasons of credit quality. Accordingly, as of September 30, 2019, management believes the impairments detailed in the table above are temporary and no impairment loss has been realized in the Company’s consolidated financial statements.

LOANS

9 Months Ended

Sep. 30, 2019

LOANS [Abstract]

LOANS

Loans are summarized by category as of the periods presented below:

	September 30, 2019			December 31, 2018
Commercial real estate	$	520,687		$	538,037
Commercial - specialized		316,862			305,022
Commercial - general		398,909			427,728
Consumer:
1-4 family residential		359,160			346,153
Auto loans		212,529			191,647
Other consumer		70,338			70,209
Construction		84,124			78,401
		1,962,609			1,957,197
Allowance for loan losses		(24,176	)		(23,126	)
Loans, net	$	1,938,433		$	1,934,071

The Company has certain lending policies, underwriting standards, and procedures in place that are designed to maximize loan income with an acceptable level of risk. Management reviews and approves these policies, underwriting standards, and procedures on a regular basis and makes changes as appropriate. Management receives frequent reports related to loan originations, quality, concentrations, delinquencies, non-performing, and potential problem loans. Diversification in the loan portfolio is a means of managing risk associated with fluctuations in economic conditions, both by type of loan and geography.

Commercial – General and Specialized – Commercial loans are underwritten after evaluating and understanding the borrower’s ability to operate profitably. Underwriting standards have been designed to determine whether the borrower possesses sound business ethics and practices, evaluate current and projected cash flows to determine the ability of the borrower to repay their obligations, as agreed and ensure appropriate collateral is obtained to secure the loan. Commercial loans are primarily made based on the identified cash flows of the borrower and, secondarily, on the underlying collateral provided by the borrower. Most commercial loans are secured by the assets being financed or other business assets, such as real estate, accounts receivable, or inventory, and include personal guarantees. Owner-occupied real estate is included in commercial loans, as the repayment of these loans is generally dependent on the operations of the commercial borrower’s business rather than on income-producing properties or the sale of the properties. Commercial loans are grouped into two distinct sub-categories: specialized and general. Commercial related segments that are considered “specialized” include agricultural production and real estate loans, energy loans, and finance, investment, and insurance loans. Commercial related segments that contain a broader diversity of borrowers, sub-industries, or serviced industries are grouped into the “general category.” These include goods, services, restaurant & retail, construction, and other industries.

Commercial Real Estate – Commercial real estate loans are also subject to underwriting standards and processes similar to commercial loans. These loans are underwritten primarily based on projected cash flows for income-producing properties and collateral values for non-income-producing properties. The repayment of these loans is generally dependent on the successful operation of the property securing the loans or the sale or refinancing of the property. Real estate loans may be adversely affected by conditions in the real estate markets or in the general economy. The properties securing the Company’s real estate portfolio are diversified by type and geographic location. This diversity helps reduce the exposure to adverse economic events that affect any single market or industry.

Construction – Loans for residential construction are for single-family properties to developers, builders, or end-users. These loans are underwritten based on estimates of costs and completed value of the project. Funds are advanced based on estimated percentage of completion for the project. Performance of these loans is affected by economic conditions as well as the ability to control costs of the projects.

Consumer – Loans to consumers include 1-4 family residential loans, auto loans, and other loans for recreational vehicles or other purposes. The Company utilizes a computer-based credit scoring analysis to supplement its policies and procedures in underwriting consumer loans. The Company’s loan policy addresses types of consumer loans that may be originated and the collateral, if secured, which must be perfected. The relatively smaller individual dollar amounts of consumer loans that are spread over numerous individual borrowers also minimizes the Company’s risk. The Company generally requires mortgage title insurance and hazard insurance on 1-4 family residential loans.

The following table details the activity in the allowance for loan losses. Allocation of a portion of the allowance to one category of loans does not preclude its availability to absorb losses in other categories.

	Beginning Balance		Provision for Loan Losses			Charge-offs			Recoveries		Ending Balance
For the three months ended September 30, 2019
Commercial real estate	$	5,415	$	(379	)	$	—		$	108	$	5,144
Commercial - specialized		3,346		(575	)		—			28		2,799
Commercial - general		8,325		734			(170	)		19		8,908
Consumer:
1-4 family residential		2,310		384			(65	)		9		2,638
Auto loans		3,067		127			(260	)		83		3,017
Other consumer		1,199		121			(230	)		63		1,153
Construction		509		8			—			—		517
Total	$	24,171	$	420		$	(725	)	$	310	$	24,176

For the three months ended September 30, 2018
Commercial real estate	$	4,336	$	268		$	—		$	239	$	4,843
Commercial - specialized		2,924		(191	)		(70	)		10		2,673
Commercial - general		8,733		2,434			(3,738	)		64		7,493
Consumer:
1-4 family residential		1,451		102			(131	)		31		1,453
Auto loans		2,603		609			(276	)		41		2,977
Other consumer		1,158		213			(257	)		30		1,144
Construction		510		(20	)		—			—		490
Total	$	21,715	$	3,415		$	(4,472	)	$	415	$	21,073

	Beginning Balance		Provision for Loan Losses			Charge-offs			Recoveries		Ending Balance
For the nine months ended September 30, 2019
Commercial real estate	$	5,579	$	(758	)	$	—		$	323	$	5,144
Commercial - specialized		2,516		230			(37	)		90		2,799
Commercial - general		8,173		674			(235	)		296		8,908
Consumer:
1-4 family residential		2,249		412			(84	)		61		2,638
Auto loans		2,994		626			(765	)		162		3,017
Other consumer		1,192		550			(744	)		155		1,153
Construction		423		169			(75	)		—		517
Total	$	23,126	$	1,903		$	(1,940	)	$	1,087	$	24,176

For the nine months ended September 30, 2018
Commercial real estate	$	3,769	$	2,374		$	(1,539	)	$	239	$	4,843
Commercial - specialized		2,367		339			(108	)		75		2,673
Commercial - general		10,151		808			(3,865	)		399		7,493
Consumer:
1-4 family residential		1,787		(98	)		(272	)		36		1,453
Auto loans		2,068		1,500			(693	)		102		2,977
Other consumer		971		653			(607	)		127		1,144
Construction		348		157			(15	)		—		490
Total	$	21,461	$	5,733		$	(7,099	)	$	978	$	21,073

The following table shows the Company’s investment in loans disaggregated based on the method of evaluating impairment:

	Recorded Investment				Allowance for Loan Losses
	Individually Evaluated		Collectively Evaluated		Individually Evaluated		Collectively Evaluated
September 30, 2019
Commercial real estate	$	331	$	520,356	$	—	$	5,144
Commercial - specialized		586		316,276		—		2,799
Commercial - general		2,660		396,249		404		8,504
Consumer:
1-4 family residential		2,384		356,776		35		2,603
Auto loans		—		212,529		—		3,017
Other consumer		—		70,338		—		1,153
Construction		—		84,124		—		517

Total	$	5,961	$	1,956,648	$	439	$	23,737

December 31, 2018
Commercial real estate	$	1,819	$	536,218	$	—	$	5,579
Commercial - specialized		2,116		302,906		—		2,516
Commercial - general		2,950		424,778		233		7,940
Consumer:
1-4 family residential		2,475		343,678		8		2,241
Auto loans		—		191,647		—		2,994
Other consumer		—		70,209		—		1,192
Construction		—		78,401		—		423

Total	$	9,360	$	1,947,837	$	241	$	22,885

Impaired loan information follows:

	Unpaid Contractual Principal Balance		Recorded Investment With No Allowance		Recorded Investment With Allowance		Total Recorded Investment		Related Allowance		Average Recorded Investment
September 30, 2019
Commercial real estate	$	786	$	331	$	—	$	331	$	—	$	1,075
Commercial - specialized		586		586		—		586		—		1,351
Commercial - general		3,253		—		2,660		2,660		404		2,805
Consumer:								—
1-4 family		2,803		1,930		454		2,384		35		2,430
Auto loans		—		—		—		—		—		—
Other consumer		—		—		—		—		—		—
Construction		—		—		—		—		—		—

Total	$	7,428	$	2,847	$	3,114	$	5,961	$	439	$	7,661

December 31, 2018
Commercial real estate	$	2,274	$	1,819	$	—	$	1,819	$	—	$	4,590
Commercial - specialized		2,116		2,116		—		2,116		—		3,742
Commercial - general		4,758		240		2,710		2,950		233		3,963
Consumer:								—
1-4 family		2,894		2,111		364		2,475		8		2,881
Auto loans		—		—		—		—		—		—
Other consumer		—		—		—		—		—		—
Construction		—		—		—		—		—		—

Total	$	12,042	$	6,286	$	3,074	$	9,360	$	241	$	15,176

All impaired loans $250,000 and greater were specifically evaluated for impairment. Interest income recognized using a cash-basis method on impaired loans for the nine-month period ended September 30, 2019 and the year ended December 31, 2018 was not significant. Additional funds committed to be advanced on impaired loans are not significant.

The table below provides an age analysis on accruing past-due loans and nonaccrual loans:

	30-89 Days Past Due		90 Days or More Past Due		Nonaccrual
September 30, 2019
Commercial real estate	$	449	$	—	$	218
Commercial - specialized		118		177		1,259
Commercial - general		1,711		—		2,144
Consumer:
1-4 Family residential		1,807		843		1,614
Auto loans		874		92		—
Other consumer		797		109		—
Construction		131		—		—

Total	$	5,887	$	1,221	$	5,235

December 31, 2018
Commercial real estate	$	1,748	$	—	$	217
Commercial - specialized		992		—		2,550
Commercial - general		2,625		—		2,134
Consumer:
1-4 Family residential		1,611		440		1,489
Auto loans		825		50		—
Other consumer		883		74		—
Construction		—		—		—

Total	$	8,684	$	564	$	6,390

The Company grades its loans on a thirteen-point grading scale. These grades fit in one of the following categories: (i) pass, (ii) special mention, (iii) substandard, (iv) doubtful, or (v) loss. Loans categorized as loss are charged-off immediately. The grading of loans reflect a judgment about the risks of default associated with the loan. The Company reviews the grades on loans as part of our on-going monitoring of the credit quality of our loan portfolio.

Pass loans have financial factors or nature of collateral that are considered reasonable credit risks in the normal course of lending and encompass several grades that are assigned based on varying levels of risk, ranging from credits that are secured by cash or marketable securities, to watch credits which have all the characteristics of an acceptable credit risk but warrant more than the normal level of monitoring.

Special mention loans have potential weaknesses that deserve management’s close attention. If left uncorrected, these potential weaknesses may result in deterioration of repayment prospects for the loans at some future date.

Substandard loans are inadequately protected by the current net worth and paying capacity of the borrower or by the collateral pledged, if any. These loans have a well-defined weakness or weaknesses that jeopardize collection and present the distinct possibility that some loss will be sustained if the deficiencies are not corrected. A protracted workout on these credits is a distinct possibility. Prompt corrective action is therefore required to strengthen the Company’s position, and/or to reduce exposure and to assure that adequate remedial measures are taken by the borrower. Credit exposure becomes more likely in such credits and a serious evaluation of the secondary support to the credit is performed. Substandard loans can be accruing or can be nonaccrual depending on the circumstances of the individual loans.

Doubtful loans have all the weaknesses inherent in substandard loans with the added characteristics that the weaknesses make collection or liquidation in full on the basis of currently existing facts, conditions, and values highly questionable and improbable. All doubtful loans are on nonaccrual.

The following table summarizes the internal classifications of loans:

	Pass		Special Mention		Substandard		Doubtful		Total
September 30, 2019
Commercial real estate	$	496,054	$	22,133	$	2,500	$	—	$	520,687
Commercial - specialized		313,022		—		3,840		—		316,862
Commercial - general		389,187		—		9,722		—		398,909
Consumer:
1-4 family residential		351,267		—		7,893		—		359,160
Auto loans		211,954		—		575		—		212,529
Other consumer		70,013		—		325		—		70,338
Construction		84,124		—		—		—		84,124

Total	$	1,915,621	$	22,133	$	24,855	$	—	$	1,962,609

December 31, 2018
Commercial real estate	$	514,249	$	17,300	$	6,488	$	—	$	538,037
Commercial - specialized		301,289		—		3,733		—		305,022
Commercial - general		415,675		1,449		10,604		—		427,728
Consumer:
1-4 family residential		340,836		—		5,317		—		346,153
Auto loans		191,435		—		212		—		191,647
Other consumer		70,075		—		134		—		70,209
Construction		78,401		—		—		—		78,401

Total	$	1,911,960	$	18,749	$	26,488	$	—	$	1,957,197

There were no loans restructured as troubled debt restructurings during the nine-month period ended September 30, 2019 and the year ended December 31, 2018.

BORROWING ARRANGEMENTS

9 Months Ended

Sep. 30, 2019

BORROWING ARRANGEMENTS [Abstract]

BORROWING ARRANGEMENTS

4.	BORROWING ARRANGEMENTS

Subordinated debt securities

In January 2014, the Company issued $20.9 million in subordinated debt securities. These securities pay interest quarterly and mature January 2024. There was $6.5 million issued at a current rate of 4% and $14.4 million at a current rate of 5%. These rates were fixed for the first five years and then float at the Wall Street Journal prime rate, with a floor of 4% and a ceiling of 7.5%. These securities were unsecured, could be called by the Company at any time after January 2019, and they qualified for Tier 2 capital treatment, subject to regulatory limitations. In December 2018, the Company notified all holders that it intended to call these securities in January of 2019 and were given the option to subscribe to a new offering (see following paragraph) or to be redeemed. Holders of $13.4 million elected to subscribe to the new offering while holders of $7.5 million elected to have their securities redeemed in January 2019. As a result, these securities had been fully redeemed as of September 30, 2019, while the outstanding balance of these securities at December 31, 2018 was $7.5 million.

In December 2018, the Company issued $26.5 million in subordinated debt securities. $12.4 million of the securities have a maturity date of December 2028 and an average fixed rate of 5.74% for the first five years. The remaining $14.1 million of securities have a maturity date of December 2030 and an average fixed rate of 6.41% for the first seven years. After the expiration of the fixed rate periods, all securities will float at the Wall Street Journal prime rate, with a floor of 4.5% and a ceiling of 7.5%. These securities pay interest quarterly, are unsecured, and may be called by the Company at any time after the remaining maturity is five years or less. Additionally, these securities qualify for Tier 2 capital treatment, subject to regulatory limitations.

EMPLOYEE BENEFITS

9 Months Ended

Sep. 30, 2019

EMPLOYEE BENEFITS [Abstract]

EMPLOYEE BENEFITS

5.	EMPLOYEE BENEFITS

Non-Qualified Plans - Certain Company executives, as determined by the Company’s Board of Directors from time to time, were granted SARs based on grant date values. The SARs have varying vesting provisions. Exercise and payment options for the SARs vary and are governed by the program they were issued under, as well as the specific award agreement. Prior to January 1, 2019, the Company accrued the liabilities for these SARs under the intrinsic value method. The accrual for the liabilities was $10.6 million at December 31, 2018.

As a result of the Company becoming a reporting company with the SEC, the Company is now required to use the fair value method for these SARs. The Company’s calculation of the fair value of the SARs, as of January 1, 2019, exceeded the recorded intrinsic value by $1.6 million. Therefore, the Company recorded a cumulative-effect adjustment to retained earnings for $1.3 million ($1.6 million net of $340,000 in tax) effective January 1, 2019 and applied this change prospectively.

The Company recorded expense of $607,000 for the increase in the intrinsic value of the SARs, prior to the change to the fair value method, and the change in fair value of the SARs at January 1, 2019. The Company also recorded $69,000 of expense related to vesting for the SARs, prior to conversion on May 6, 2019. See Note 6, Stock-based Compensation, for further discussion of the conversion.

STOCK-BASED COMPENSATION

9 Months Ended

Sep. 30, 2019

STOCK-BASED COMPENSATION [Abstract]

STOCK-BASED COMPENSATION

6.	STOCK-BASED COMPENSATION

Equity Incentive Plan

The 2019 Equity Incentive Plan (“Plan”) was approved by the Company’s Board of Directors on January 16, 2019 and by its shareholders on March 6, 2019. The purpose of the Plan is to: (i) attract and retain the best available personnel for positions of substantial responsibility, (ii) provide additional incentive to employees, directors and consultants, and (iii) promote the success of the Company’s business. This Plan permits the grant of incentive stock options, nonstatutory stock options, stock appreciation rights, restricted stock, restricted stock units, performance units, performance shares, and other stock-based awards. The maximum aggregate number of shares of common stock that may be issued pursuant to all awards under the Plan is 2,300,000. The maximum aggregate number of shares that may be issued under the Plan may be increased annually by up to 3% of the total issued and outstanding common shares of the Company at the beginning of each fiscal year.

The fair value of each option award is estimated on the date of grant using a closed form option valuation (“Black-Scholes”) model that uses the assumptions noted in the table below. Expected volatilities are based on historical volatilities of the Company’s common stock and similar peer company averages. The Company uses historical data to estimate option exercise and post-vesting termination behavior. The expected term of options granted represents the period of time that options granted are expected to be outstanding, which takes in to account that the options are not transferable. The risk-free interest rate for the expected term of the option is based on U.S. Treasury yield curve in effect at the time of the grant.

Options

A summary of activity in the Plan during the nine months ended September 30, 2019 is presented in the table below:

	Number of Shares			Weighted-Average Exercise Price		Weighted-Average Remaining Contractual Life in Years		Aggregate Intrinsic Value
Nine Months Ended September 30, 2019
Outstanding at beginning of year:		—		$	—			$	—
Granted		1,664,992			13.12				6,081
Exercised		(97,500	)		11.15				508
Forfeited		(25,500	)		18.05				—
Expired		(9,000	)		19.05

Balance, September 30, 2019		1,532,992		$	13.13		6.03	$	5,573

Exercisable at end of period		—		$	—		—	$	—

Vested at end of period		1,100,400		$	11.51		5.62	$	5,505

A summary of assumptions used to calculate the fair values of the awards is presented below:

	Nine Months Ended September 30, 2019
Expected volatility	24.88% to 31.54%
Expected dividend yield		0.70	%
Expected term (years)	0.5 - 7.0 years
Risk-free interest rate	1.46% to 2.63%
Weighted average grant date fair value	$	8.01

On January 16, 2019, the Company approved the conversion of its previously issued SARs to stock options. There were 1,401,000 outstanding SARs that were converted effective as of May 6, 2019, which are included in the tables above. The fair value of the SARs was $11.5 million at the conversion date. During the modification of these awards from liabilities to equity, the Company accelerated the expiration date, between two and four years, on 750,000 of the stock options. As a result, the fair value of the stock options after modification was $11.2 million. However, since the fair value of the new equity awards was less than the fair value of the liability awards, no adjustment was made to the Company’s income statement. The $11.5 million was reclassified from liabilities to equity.

Restricted Stock Units

A summary of activity in the Plan during the nine months ended September 30, 2019 is presented in the table below:

	Number of Shares		Weighted-Average Grant Date Fair Value
Nine Months Ended September 30, 2019
Outstanding at beginning of year:		—	$	—
Granted		81,200		19.46
Exercised		—		—
Forfeited		—		—

Balance, September 30, 2019		81,200	$	19.46

Exercisable at end of period		—	$	—

Vested at end of period		—	$	—

Restricted stock units granted under the Plan typically vests over five years, but vesting periods may vary. Compensation expense for these grants will be recognized over the vesting period of the awards based on the fair value of the stock at the issue date.

The total unrecognized compensation cost for the awards outstanding under the Plan at September 30, 2019 was $2.9 million and will be recognized over a weighted average remaining period of 2.06 years.

Employment Agreement

Effective March 6, 2019, the Company entered into an employment agreement with its President. The employment agreement has an initial term of three years and will automatically renew for additional three-year terms, unless the Company or the President provides 90-days’ advance notice of non-renewal. In the event that the President’s employment is terminated by the Company without cause or by the President for good reason, each as defined in the employment agreement, the employment agreement provides that he will receive severance equal to two times the sum of his annual base salary and annual target cash incentive bonus and a lump sum payment equal to 24 months’ of the monthly premiums to continue existing healthcare coverage under the Consolidated Omnibus Budget Reconciliation Act (“COBRA”). If such involuntary termination occurs within the 24-month period following a change in control, as defined in the employment agreement, in lieu of the foregoing, the severance due would be three times the sum of annual base salary and annual target cash incentive bonus and a lump sum payment equal to 36 months’ of the monthly premiums to continue existing healthcare coverage under COBRA. Additionally, any equity and phantom equity awards would fully vest upon any termination of employment by the Company without cause or by the President for good reason.

COMMITMENTS AND CONTINGENCIES

9 Months Ended

Sep. 30, 2019

COMMITMENTS AND CONTINGENCIES [Abstract]

COMMITMENTS AND CONTINGENCIES

7.	COMMITMENTS AND CONTINGENCIES

Financial instruments with off-balance-sheet risk - The Company is a party to financial instruments with off-balance-sheet risk in the normal course of business to meet the financing needs of its customers. These financial instruments include commitments to extend credit and standby letters of credit. Such commitments involve, to varying degrees, elements of credit and interest rate risk in excess of the amount recognized in the Company’s consolidated financial statements. The Company’s exposure to credit loss is represented by the contractual amount of these commitments. The Company follows the same credit policies in making commitments as it does for recorded instruments.

Financial instruments whose contract amounts represent credit risk outstanding follow:

	September 30, 2019		December 31, 2018
Commitments to grant loans and unfunded commitments under lines of credit	$	376,155	$	346,245
Standby letters of credit		9,967		5,062

Commitments to grant loans and extend credit are agreements to lend to a customer as long as there is no violation of any condition established in the contract. Commitments generally have fixed expiration dates or other termination clauses and may require payment of a fee. The commitments for lines of credit may expire without being drawn upon. Therefore, the total commitment amounts do not necessarily represent future cash requirements. The amount of collateral obtained, if it is deemed necessary by the Company, is based on management’s credit evaluation of the customer.

Standby letters of credit are conditional commitments issued by the Company to guarantee the performance of a customer to a third party. Those letters of credit are primarily issued to support public and private borrowing arrangements. Essentially all letters of credit issued have expiration dates within one year. The credit risk involved in issuing letters of credit is essentially the same as that involved in extending loan facilities to customers. The Company requires collateral supporting those commitments if deemed necessary.

Litigation - The Company is a defendant in legal actions arising from time to time in the ordinary course of business. Management believes that the aggregate ultimate liability, if any, arising from these matters will not materially affect the Company’s consolidated financial statements.

Federal Home Loan Bank (“FHLB”) Letters of Credit - The Company uses FHLB letters of credit to pledge to certain public deposits. The balance of these FHLB letters of credit was $199.0 million at September 30, 2019 and December 31, 2018, respectively.

CAPITAL AND REGULATORY MATTERS

9 Months Ended

Sep. 30, 2019

CAPITAL AND REGULATORY MATTERS [Abstract]

CAPITAL AND REGULATORY MATTERS

8.	CAPITAL AND REGULATORY MATTERS

The Company and its bank subsidiary are subject to various regulatory capital requirements administered by its banking regulators. Failure to meet minimum capital requirements can initiate certain mandatory and possibly additional discretionary actions by regulators that, if undertaken, could have a direct material effect on the Company’s and its bank subsidiary’s financial statements. Under capital guidelines and the regulatory framework for prompt corrective action, the Company and its bank subsidiary must meet specific capital guidelines that involve quantitative measures of their assets, liabilities, and certain off-balance-sheet items as calculated under regulatory accounting practices. The capital amounts and classification are also subject to qualitative judgments by the regulators about components, risk weightings, and other factors. Prompt corrective action provisions are not applicable to bank holding companies.

In July 2013, the Board of Governors of the Federal Reserve System published final rules for the adoption of the Basel III regulatory capital framework (“Basel III”). Basel III, among other things, (i) introduced a new capital measure called Common Equity Tier 1 (“CET1”), (ii) specified that Tier 1 capital consists of CET1 and Additional Tier 1 Capital instruments meeting specified requirements, (iii) defined Common Equity Tier 1 narrowly by requiring that most deductions/adjustments to regulatory capital measures be made to CET1 and not to the other components of capital and (iv) expanded the scope of the deductions/adjustments as compared to existing regulations. Basel III became effective for the Company and its bank subsidiary on January 1, 2016 with certain transition provisions fully phased-in on January 1, 2019.

Quantitative measures established by regulation to ensure capital adequacy require the Company and its bank subsidiary to maintain minimum amounts and ratios (set forth in the following table) of total, Tier 1 and CET1 capital (as defined in the regulations) to risk-weighted assets (as defined) and of Tier 1 capital (as defined) to average assets (as defined). Management believes, as of September 30, 2019 and December 31, 2018, that the Company and its bank subsidiary met all capital adequacy requirements to which they are subject.

As of September 30, 2019, the bank subsidiary was well capitalized under the regulatory framework for prompt corrective action. To be categorized as well capitalized, an institution must maintain minimum total risk-based, Tier 1 risk-based, CET1 and Tier 1 leverage ratios as set forth in the following tables. There are no conditions or events since September 30, 2019 that management believes have changed the bank subsidiary’s category.

The Company and its bank subsidiary’s actual capital amounts and ratios follow:

	Actual					Minimum Required Under BASEL III Fully Phased-In					To Be Well Capitalized Under Prompt Corrective Action Provisions
	Amount		Ratio			Amount		Ratio			Amount		Ratio
September 30, 2019
Total Capital to Risk Weighted Assets:
Consolidated	$	388,748		17.38	%	$	234,854		10.50	%		N/A		N/A
City Bank		308,841		13.81	%		234,803		10.50	%	$	223,622		10.00	%

Tier I Capital to Risk Weighted Assets:
Consolidated		337,920		15.11	%		190,120		8.50	%		N/A		N/A
City Bank		284,485		12.72	%		190,079		8.50	%		178,898		8.00	%

Common Equity Tier 1 to Risk Weighted Assets:
Consolidated		292,920		13.10	%		156,569		7.00	%		N/A		N/A
City Bank		284,485		12.72	%		156,535		7.00	%		145,354		6.50	%

Tier I Capital to Average Assets:
Consolidated		337,920		12.17	%		111,174		4.00	%		N/A		N/A
City Bank		284,485		10.25	%		111,098		4.00	%		138,872		5.00	%

December 31, 2018
Total Capital to Risk Weighted Assets:
Consolidated	$	309,798		14.28	%	$	227,864		10.50	%		N/A		N/A
City Bank		294,572		13.58	%		227,806		10.50	%	$	216,958		10.00	%

Tier I Capital to Risk Weighted Assets:
Consolidated		260,020		11.98	%		184,462		8.50	%		N/A		N/A
City Bank		271,266		12.50	%		184,415		8.50	%		173,567		8.00	%

Common Equity Tier 1 to Risk Weighted Assets:
Consolidated		215,020		9.91	%		151,910		7.00	%		N/A		N/A
City Bank		271,266		12.50	%		151,871		7.00	%		141,023		6.50	%

Tier I Capital to Average Assets:
Consolidated		260,020		9.63	%		108,033		4.00	%		N/A		N/A
City Bank		271,266		10.05	%		107,940		4.00	%		134,925		5.00	%

State banking regulations place certain restrictions on dividends paid by banks to their shareholders. Dividends paid by the Company’s bank subsidiary would be prohibited if the effect thereof would cause the bank subsidiary’s capital to be reduced below applicable minimum capital requirements.

- Definition

The entire disclosure for regulatory capital requirement for depository and lending institutions. Institutions include, but not are not limited to, finance company, insured depository institution, bank holding company, savings and loan association holding company, bank and savings institution not federally insured, mortgage company, foreign financial institution and credit union.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 942
-SubTopic 505
-Section 50
-Paragraph 1C
-URI http://asc.fasb.org/extlink&oid=117337116&loc=SL5958572-112826

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 942
-SubTopic 505
-Section 50
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Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 942
-SubTopic 505
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-URI http://asc.fasb.org/extlink&oid=117337116&loc=SL5958570-112826

Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef
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-URI http://asc.fasb.org/extlink&oid=117337116&loc=SL5958569-112826

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Reference 6: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
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-Section 50
-Paragraph 1F
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Reference 7: http://fasb.org/us-gaap/role/ref/legacyRef
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Reference 8: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 942
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Reference 9: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 942
-SubTopic 505
-Section 50
-Paragraph 1H
-URI http://asc.fasb.org/extlink&oid=117337116&loc=d3e65071-112826

+ Details

DERIVATIVES

9 Months Ended

Sep. 30, 2019

DERIVATIVES [Abstract]

DERIVATIVES

9.	DERIVATIVES

The Company utilizes interest rate swap agreements as part of its asset-liability management strategy to help manage its interest rate risk position. The notional amount of the interest rate swaps does not represent amounts exchanged by the parties. The amount exchanged is determined by reference to the notional amount and the other terms of the individual interest rate swap agreements.

The following table reflects the fair value hedges included in the consolidated balance sheets:

	September 30, 2019				December 31, 2018
	Notional Amount		Fair Value		Notional Amount		Fair Value

Included in other liabilities:
Interest rate swaps related to fixed rate loans	$	10,650	$	514	$	—	$	—

Included in other assets:
Interest rate swaps related to fixed rate loans	$	—	$	—	$	10,917	$	169

Mortgage banking derivatives

The following table reflects the amount and fair value of mortgage banking derivatives in the Consolidated Balance Sheets:

	September 30, 2019				December 31, 2018
	Notional Amount		Fair Value		Notional Amount		Fair Value

Included in other assets:
Forward contracts related to mortgage loans held for sale	$	—	$	—	$	—	$	—
Interest rate lock commitments		68,298		1,252		46,891		1,063

Total included in other assets	$	68,298	$	1,252	$	46,891	$	1,063


Included in other liabilities:
Forward contracts related to mortgage loans held for sale	$	80,524	$	242	$	54,998	$	672
Interest rate lock commitments		—		—		—		—

Total included in other liabilities	$	80,524	$	242	$	54,998	$	672

EARNINGS PER SHARE

9 Months Ended

Sep. 30, 2019

EARNINGS PER SHARE [Abstract]

EARNINGS PER SHARE

10.	EARNINGS PER SHARE

The factors used in the earnings per share computation follow:

	Three Months Ended September 30,				Nine Months Ended September 30,
	2019		2018		2019		2018
Net income	$	8,258	$	4,913	$	19,111	$	23,427

Weighted average common shares outstanding - basic		17,985,429		14,771,520		16,417,116		14,771,520
Effect of dilutive securities:
Stock-based compensation awards		377,604		—		160,606		—
Weighted average common shares outstanding - diluted		18,363,033		14,771,520		16,577,722		14,771,520

Basic earnings per share	$	0.46	$	0.33	$	1.16	$	1.59
Diluted earnings per share	$	0.45	$	0.33	$	1.15	$	1.59

SEGMENT INFORMATION

9 Months Ended

Sep. 30, 2019

SEGMENT INFORMATION [Abstract]

SEGMENT INFORMATION

11.	SEGMENT INFORMATION

Financial results by reportable segment are detailed below:

Three Months Ended September 30, 2019	Banking			Insurance			Consolidated
Net interest income	$	26,568		$	—		$	26,568
Provision for loan loss		(420	)		—			(420	)
Noninterest income		13,048			1,067			14,115
Noninterest expense		(29,109	)		(919	)		(30,028	)

Income before income taxes		10,087			148			10,235

Income tax (expense) benefit		(1,945	)		(32	)		(1,977	)

Net income	$	8,142		$	116		$	8,258

Three Months Ended September 30, 2018	Banking			Insurance			Consolidated
Net interest income	$	24,788		$	—		$	24,788
Provision for loan loss		(3,415	)		—			(3,415	)
Noninterest income		11,893			1,402			13,295
Noninterest expense		(28,429	)		(217	)		(28,646	)

Income before income taxes		4,837			1,185			6,022

Income tax (expense) benefit		(943	)		(166	)		(1,109	)

Net income	$	3,894		$	1,019		$	4,913

Financial results by reportable segment are detailed below:

Nine Months Ended September 30, 2019	Banking			Insurance			Consolidated
Net interest income	$	75,951		$	—		$	75,951
Provision for loan loss		(1,903	)		—			(1,903	)
Noninterest income		35,981			3,912			39,893
Noninterest expense		(87,279	)		(2,715	)		(89,994	)

Income before income taxes		22,750			1,197			23,947

Income tax (expense) benefit		(4,674	)		(162	)		(4,836	)

Net income	$	18,076		$	1,035		$	19,111

Nine Months Ended September 30, 2018	Banking			Insurance			Consolidated
Net interest income	$	70,945		$	—		$	70,945
Provision for loan loss		(5,733	)		—			(5,733	)
Noninterest income		33,933			3,798			37,731
Noninterest expense		(82,332	)		(2,613	)		(84,945	)

Income before income taxes		16,813			1,185			17,998

Income tax (expense) benefit		5,373			56			5,429

Net income	$	22,186		$	1,241		$	23,427

FAIR VALUE DISCLOSURES

9 Months Ended

Sep. 30, 2019

FAIR VALUE DISCLOSURES [Abstract]

FAIR VALUE DISCLOSURES

12.	FAIR VALUE DISCLOSURES

Fair value is the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants. A fair value measurement assumes that the transaction to sell the asset or transfer the liability occurs in the principal market for the asset or liability or, in the absence of a principal market, the most advantageous market for the asset or liability. The price in the principal (or most advantageous) market used to measure the fair value of the asset or liability is not adjusted for transaction costs. An orderly transaction is a transaction that assumes exposure to the market for a period prior to the measurement date to allow for marketing activities that are usual and customary for transactions involving such assets and liabilities; it is not a forced transaction. Market participants are buyers and sellers in the principal market that are (i) independent, (ii) knowledgeable, (iii) able to transact and (iv) willing to transact.

Valuation techniques that are consistent with the market approach, the income approach and/or the cost approach are required by GAAP. The market approach uses prices and other relevant information generated by market transactions involving identical or comparable assets and liabilities. The income approach uses valuation techniques to convert future amounts, such as cash flows or earnings, to a single present amount on a discounted basis. The cost approach is based on the amount that currently would be required to replace the service capacity of an asset. Valuation techniques should be consistently applied. Inputs to valuation techniques refer to the assumptions that market participants would use in pricing the asset or liability. Inputs may be observable, meaning those that reflect the assumptions market participants would use in pricing the asset or liability developed based on market data obtained from independent sources, or unobservable, meaning those that reflect the reporting entity’s own assumptions about the assumptions market participants would use in pricing the asset or liability developed based on the best information available in the circumstances. The fair value hierarchy for valuation inputs gives the highest priority to quoted prices in active markets for identical assets or liabilities and the lowest priority to unobservable inputs. The fair value hierarchy is as follows:

●

Level 1 Inputs - Unadjusted quoted prices in active markets for identical assets or liabilities that the reporting entity has the ability to access at the measurement date.

●

Level 2 Inputs - Inputs other than quoted prices included in Level 1 that are observable for the asset or liability, either directly or indirectly. These might include quoted prices for similar assets or liabilities in active markets, quoted prices for identical or similar assets or liabilities in markets that are not active, inputs other than quoted prices that are observable for the asset or liability (such as interest rates, volatilities, prepayment speeds, credit risks, etc.) or inputs that are derived principally from or corroborated by market data by correlation or other means.

●

Level 3 Inputs - Unobservable inputs for determining the fair values of assets or liabilities that reflect an entity’s own assumptions about the assumptions that market participants would use in pricing the assets or liabilities.

The following table summarizes fair value measurements:

	Level 1		Level 2			Level 3		Total
September 30, 2019
Assets (liabilities) measured at fair value on a recurring basis:
Securities available for sale:
U.S. government and agencies	$	—	$	6,901		$	—	$	6,901
State and municipal		—		41,552			—		41,552
Mortgage-backed securities		—		253,878			—		253,878
Collateralized mortgage obligations		—		60,185			—		60,185
Asset-backed and other amortizing securities		—		38,819			—		38,819
Loans held for sale (mandatory)		—		38,321			—		38,321
Mortgage servicing rights		—		1,689			—		1,689
Asset derivatives		—		1,252			—		1,252
Liability derivatives		—		(756	)		—		(756	)

Assets measured at fair value on a non-recurring basis:
Impaired loans		—		—			5,522		5,522
Other real estate owned		—		—			2,704		2,704
Loans held for sale (best efforts)		—		11,815			—		11,815

December 31, 2018
Assets (liabilities) measured at fair value on a recurring basis:
Securities available for sale:
U.S. government and agencies	$	74,419	$	10,288		$	—	$	84,707
State and municipal		—		32,310			—		32,310
Mortgage-backed securities		—		182,256			—		182,256
Asset-backed and other amortizing securities		—		38,923			—		38,923
Loans held for sale (mandatory)		—		31,874			—		31,874
Mortgage servicing rights		—		1,270			—		1,270
Asset derivatives		—		1,232			—		1,232
Liability derivatives		—		(672	)		—		(672	)

Assets measured at fair value on a non-recurring basis:
Impaired loans		—		—			9,119		9,119
Other real estate owned		—		—			2,285		2,285
Loans held for sale (best efforts)		—		6,508			—		6,508

Securities – Fair value is calculated based on market prices of similar securities using matrix pricing. Matrix pricing is a mathematical technique commonly used to price debt securities that are not actively traded.

Loans held for sale (mandatory) – Loans held for sale originated for mandatory delivery are reported at fair value. Fair value is determined using quoted prices for similar assets, adjusted for specific attributes of that loan.

Mortgage servicing rights – Mortgage servicing rights are reported at fair value. Fair value is based on market prices for comparable mortgage servicing contracts.

Derivatives – Fair value of derivatives is based on valuation models using observable market data as of the measurement date.

Impaired loans – Impaired loans are reported at the fair value of the underlying collateral, less estimated disposal costs, if repayment is expected solely from the sale of the collateral. Collateral values are estimated using Level 2 inputs based on observable market data or Level 3 inputs based on customized discounting criteria.

Foreclosed assets – Foreclosed assets are transferred from loans at the lower of cost or fair value, less estimated costs to sell. Collateral values are estimated using Level 2 inputs based on observable market data or Level 3 inputs based on customized discounting criteria.

Loans held for sale (best efforts) – Loans held for sale originated for best efforts delivery are reported at fair value if, on an aggregate basis, the fair value for the loans is less than cost. In determining whether the fair value of loans held for sale is less than cost when quoted market prices are not available, the Company may consider outstanding investor commitments or discounted cash flow analyses with market assumptions. Such fair values are classified within either Level 2 or Level 3 of the fair value hierarchy.

The following table presents quantitative information about non-recurring Level 3 fair value measurements:

	Fair Value		Valuation Techniques	Unobservable Inputs	Range of Discounts
September 30, 2019
Impaired loans	$	5,522	Third party appraisals or inspections	Collateral discounts and selling costs		0%-100	%
Other real estate owned		2,704	Third party appraisals or inspections	Collateral discounts and selling costs		15%-66	%

December 31, 2018
Impaired loans	$	9,119	Third party appraisals or inspections	Collateral discounts and selling costs		0%-100	%
Other real estate owned		2,285	Third party appraisals or inspections	Collateral discounts and selling costs		15%-66	%

The estimated fair values, and related carrying amounts, of the Company’s financial instruments are as follows:

	Carrying Amount		Level 1		Level 2		Level 3		Total Fair Value

September 30, 2019
Financial assets:
Cash and cash equivalents	$	244,645	$	244,645	$	—	$	—	$	244,645
Loans, net		1,938,433		—		—		1,937,819		1,937,819
Accrued interest receivable		11,675		—		11,675		—		11,675
Bank-owned life insurance		58,109		—		58,109		—		58,109

Financial liabilities:
Deposits	$	2,285,974	$	2,008,958	$	280,449	$	—	$	2,289,407
Accrued interest payable		2,387		—		2,387		—		2,387
Notes payable & other borrowings		95,000		—		95,000		—		95,000
Junior subordinated deferrable interest debentures		46,393		—		46,393		—		46,393
Subordinated debt securities		26,472		—		26,472		—		26,472

	Carrying Amount		Level 1		Level 2		Level 3		Total Fair Value

December 31, 2018
Financial assets:
Cash and cash equivalents	$	245,989	$	245,989	$	—	$	—	$	245,989
Loans, net		1,934,071		—		—		1,923,167		1,923,167
Accrued interest receivable		12,957		—		12,957		—		12,957
Bank-owned life insurance		57,172		—		57,172		—		57,172

Financial liabilities:
Deposits	$	2,277,454	$	1,965,925	$	312,524	$	—	$	2,278,449
Accrued interest payable		2,042		—		2,042		—		2,042
Notes payable & other borrowings		95,000		—		95,000		—		95,000
Junior subordinated deferrable interest debentures		46,393		—		46,393		—		46,393
Subordinated debt securities		34,002		—		34,002		—		34,002

- Definition

The entire disclosure for the fair value of financial instruments (as defined), including financial assets and financial liabilities (collectively, as defined), and the measurements of those instruments as well as disclosures related to the fair value of non-financial assets and liabilities. Such disclosures about the financial instruments, assets, and liabilities would include: (1) the fair value of the required items together with their carrying amounts (as appropriate); (2) for items for which it is not practicable to estimate fair value, disclosure would include: (a) information pertinent to estimating fair value (including, carrying amount, effective interest rate, and maturity, and (b) the reasons why it is not practicable to estimate fair value; (3) significant concentrations of credit risk including: (a) information about the activity, region, or economic characteristics identifying a concentration, (b) the maximum amount of loss the entity is exposed to based on the gross fair value of the related item, (c) policy for requiring collateral or other security and information as to accessing such collateral or security, and (d) the nature and brief description of such collateral or security; (4) quantitative information about market risks and how such risks are managed; (5) for items measured on both a recurring and nonrecurring basis information regarding the inputs used to develop the fair value measurement; and (6) for items presented in the financial statement for which fair value measurement is elected: (a) information necessary to understand the reasons for the election, (b) discussion of the effect of fair value changes on earnings, (c) a description of [similar groups] items for which the election is made and the relation thereof to the balance sheet, the aggregate carrying value of items included in the balance sheet that are not eligible for the election; (7) all other required (as defined) and desired information.

+ References + Details

BUSINESS COMBINATIONS

9 Months Ended

Sep. 30, 2019

BUSINESS COMBINATIONS [Abstract]

BUSINESS COMBINATIONS

13.	BUSINESS COMBINATIONS

In September 2019, Windmark acquired the operating assets of a crop insurance agency in Texas for $2.8 million. Windmark recorded $193,000 for goodwill, which represents the excess of the cash paid compared to the fair market value of identifiable assets acquired. Fair value of the assets acquired and liabilities assumed in this transaction as of the closing date are as follows:

Assets acquired:
Premises and equipment, net	$	8
Goodwill		193
Other intangible assets		2,309
Other assets		290
Total assets acquired	$	2,800

Cash paid	$	2,800

GOODWILL AND INTANGIBLES

9 Months Ended

Sep. 30, 2019

GOODWILL AND INTANGIBLES [Abstract]

GOODWILL AND INTANGIBLES

14.	GOODWILL AND INTANGIBLES

Goodwill and other intangible assets are summarized below:

	September 30, 2019			December 31, 2018
Beginning goodwill	$	—		$	—
Arising from business combinations		193			—
Ending goodwill	$	193		$	—
Amortized intangible assets
Customer relationship intangibles	$	1,800		$	—
Employment intangibles		509			—
Less: Accumulated amortization		(38	)		—
Other intangible assets, net	$	2,271		$	—

SUBSEQUENT EVENTS

9 Months Ended

Sep. 30, 2019

SUBSEQUENT EVENTS [Abstract]

SUBSEQUENT EVENTS

15.	SUBSEQUENT EVENTS

On November 12, 2019, the Company completed its acquisition of WTSB. In connection with the Merger, the Company paid to shareholders of WTSB an aggregate of $76.1 million in cash. The Company is still evaluating the fair values of the assets and liabilities assumed in the WTSB acquisition.

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)

9 Months Ended

Sep. 30, 2019

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES [Abstract]

Nature of Operations

Wholly Owned, Consolidated Subsidiaries:
City Bank	Bank subsidiary
Windmark Insurance Agency, Inc. (“Windmark”)	Non-bank subsidiary
Ruidoso Retail, Inc.	Non-bank subsidiary
CB Provence, LLC	Non-bank subsidiary
CBT Brushy Creek, LLC	Non-bank subsidiary
CBT Properties, LLC	Non-bank subsidiary
Wholly Owned, Equity Method Subsidiaries:
South Plains Financial Capital Trusts (SPFCT) III-V	Non-bank subsidiaries

Consolidation

The consolidated financial statements in this Quarterly Report on Form 10-Q (“Report”) include the accounts of SPFI and its wholly owned consolidated subsidiaries (collectively referred to as the “Company”) identified above. All significant intercompany balances and transactions have been eliminated in consolidation.

Basis of Presentation

Use of Estimates

Change in Capital Structure

Stock Offering

Pro Forma Information

Mergers and Acquisitions

Change in Accounting Principle

Stock-based Compensation

Goodwill and Other Intangible Assets

Recent Accounting Pronouncements

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)

9 Months Ended

Sep. 30, 2019

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES [Abstract]

Subsidiaries Information

The following are subsidiaries of SPFI:

Wholly Owned, Consolidated Subsidiaries:
City Bank	Bank subsidiary
Windmark Insurance Agency, Inc. (“Windmark”)	Non-bank subsidiary
Ruidoso Retail, Inc.	Non-bank subsidiary
CB Provence, LLC	Non-bank subsidiary
CBT Brushy Creek, LLC	Non-bank subsidiary
CBT Properties, LLC	Non-bank subsidiary
Wholly Owned, Equity Method Subsidiaries:
South Plains Financial Capital Trusts (SPFCT) III-V	Non-bank subsidiaries

SECURITIES (Tables)

9 Months Ended

Sep. 30, 2019

SECURITIES [Abstract]

Amortized Cost and Fair Value of Securities, with Gross Unrealized Gains and Losses

The amortized cost and fair value of securities, with gross unrealized gains and losses, at period-end follow:

	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses			Fair Value
September 30, 2019
Available for sale:
U.S. government and agencies	$	6,848	$	53	$	—		$	6,901
State and municipal		40,720		884		(52	)		41,552
Mortgage-backed securities		251,958		3,226		(1,306	)		253,878
Collateralized mortgage obligations		60,244		—		(59	)		60,185
Asset-backed and other amortizing securities		36,972		1,847		—			38,819
	$	396,742	$	6,010	$	(1,417	)	$	401,335

	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses			Fair Value
December 31, 2018
Available for sale:
U.S. government and agencies	$	84,765	$	18	$	(76	)	$	84,707
State and municipal		32,205		480		(375	)		32,310
Mortgage-backed securities		184,267		29		(2,040	)		182,256
Asset-backed and other amortizing securities		39,799		1		(877	)		38,923
	$	341,036	$	528	$	(3,368	)	$	338,196

Amortized Cost and Fair Value of Securities by Contractual Maturity

	Available for Sale
	Amortized Cost		Fair Value
Within 1 year	$	470	$	475
After 1 year through 5 years		6,848		6,901
After 5 years through 10 years		10,434		10,630
After 10 years		29,816		30,447
Other		349,174		352,882
	$	396,742	$	401,335

Securities with Unrealized Losses Segregated by the Period in a Loss Position

The following table segregates securities with unrealized losses at the periods indicated, by the duration they have been in a loss position:

	Less than 12 Months				12 Months or More				Total
	Fair Value		Unrealized Loss		Fair Value		Unrealized Loss		Fair Value		Unrealized Loss
September 30, 2019
U.S. government and agencies	$	—	$	—	$	—	$	—	$	—	$	—
State and municipal		9,066		36		1,220		16		10,286		52
Mortgage-backed securities		61,931		1,235		6,679		72		68,610		1,307
Collateralized mortgage obligations		60,185		58		—		—		60,185		58
	$	131,182	$	1,329	$	7,899	$	88	$	139,081	$	1,417

December 31, 2018
U.S. government and agencies	$	77,891	$	27	$	2,048	$	49	$	79,939	$	76
State and municipal		5,662		92		9,781		283		15,443		375
Mortgage-backed securities		108,962		293		54,035		1,747		162,997		2,040
Asset-backed and other amortizing securities		—		—		37,351		877		37,351		877
	$	192,515	$	412	$	103,215	$	2,956	$	295,730	$	3,368

LOANS (Tables)

9 Months Ended

Sep. 30, 2019

LOANS [Abstract]

Summary of Loans by Category

Loans are summarized by category as of the periods presented below:

	September 30, 2019			December 31, 2018
Commercial real estate	$	520,687		$	538,037
Commercial - specialized		316,862			305,022
Commercial - general		398,909			427,728
Consumer:
1-4 family residential		359,160			346,153
Auto loans		212,529			191,647
Other consumer		70,338			70,209
Construction		84,124			78,401
		1,962,609			1,957,197
Allowance for loan losses		(24,176	)		(23,126	)
Loans, net	$	1,938,433		$	1,934,071

Activity in Allowance for Loan Losses and Investment in Loans Disaggregated Based on Method of Evaluating Impairment

	Beginning Balance		Provision for Loan Losses			Charge-offs			Recoveries		Ending Balance
For the three months ended September 30, 2019
Commercial real estate	$	5,415	$	(379	)	$	—		$	108	$	5,144
Commercial - specialized		3,346		(575	)		—			28		2,799
Commercial - general		8,325		734			(170	)		19		8,908
Consumer:
1-4 family residential		2,310		384			(65	)		9		2,638
Auto loans		3,067		127			(260	)		83		3,017
Other consumer		1,199		121			(230	)		63		1,153
Construction		509		8			—			—		517
Total	$	24,171	$	420		$	(725	)	$	310	$	24,176

For the three months ended September 30, 2018
Commercial real estate	$	4,336	$	268		$	—		$	239	$	4,843
Commercial - specialized		2,924		(191	)		(70	)		10		2,673
Commercial - general		8,733		2,434			(3,738	)		64		7,493
Consumer:
1-4 family residential		1,451		102			(131	)		31		1,453
Auto loans		2,603		609			(276	)		41		2,977
Other consumer		1,158		213			(257	)		30		1,144
Construction		510		(20	)		—			—		490
Total	$	21,715	$	3,415		$	(4,472	)	$	415	$	21,073

	Beginning Balance		Provision for Loan Losses			Charge-offs			Recoveries		Ending Balance
For the nine months ended September 30, 2019
Commercial real estate	$	5,579	$	(758	)	$	—		$	323	$	5,144
Commercial - specialized		2,516		230			(37	)		90		2,799
Commercial - general		8,173		674			(235	)		296		8,908
Consumer:
1-4 family residential		2,249		412			(84	)		61		2,638
Auto loans		2,994		626			(765	)		162		3,017
Other consumer		1,192		550			(744	)		155		1,153
Construction		423		169			(75	)		—		517
Total	$	23,126	$	1,903		$	(1,940	)	$	1,087	$	24,176

For the nine months ended September 30, 2018
Commercial real estate	$	3,769	$	2,374		$	(1,539	)	$	239	$	4,843
Commercial - specialized		2,367		339			(108	)		75		2,673
Commercial - general		10,151		808			(3,865	)		399		7,493
Consumer:
1-4 family residential		1,787		(98	)		(272	)		36		1,453
Auto loans		2,068		1,500			(693	)		102		2,977
Other consumer		971		653			(607	)		127		1,144
Construction		348		157			(15	)		—		490
Total	$	21,461	$	5,733		$	(7,099	)	$	978	$	21,073

The following table shows the Company’s investment in loans disaggregated based on the method of evaluating impairment:

	Recorded Investment				Allowance for Loan Losses
	Individually Evaluated		Collectively Evaluated		Individually Evaluated		Collectively Evaluated
September 30, 2019
Commercial real estate	$	331	$	520,356	$	—	$	5,144
Commercial - specialized		586		316,276		—		2,799
Commercial - general		2,660		396,249		404		8,504
Consumer:
1-4 family residential		2,384		356,776		35		2,603
Auto loans		—		212,529		—		3,017
Other consumer		—		70,338		—		1,153
Construction		—		84,124		—		517

Total	$	5,961	$	1,956,648	$	439	$	23,737

December 31, 2018
Commercial real estate	$	1,819	$	536,218	$	—	$	5,579
Commercial - specialized		2,116		302,906		—		2,516
Commercial - general		2,950		424,778		233		7,940
Consumer:
1-4 family residential		2,475		343,678		8		2,241
Auto loans		—		191,647		—		2,994
Other consumer		—		70,209		—		1,192
Construction		—		78,401		—		423

Total	$	9,360	$	1,947,837	$	241	$	22,885

Impaired Loan Information

Impaired loan information follows:

	Unpaid Contractual Principal Balance		Recorded Investment With No Allowance		Recorded Investment With Allowance		Total Recorded Investment		Related Allowance		Average Recorded Investment
September 30, 2019
Commercial real estate	$	786	$	331	$	—	$	331	$	—	$	1,075
Commercial - specialized		586		586		—		586		—		1,351
Commercial - general		3,253		—		2,660		2,660		404		2,805
Consumer:								—
1-4 family		2,803		1,930		454		2,384		35		2,430
Auto loans		—		—		—		—		—		—
Other consumer		—		—		—		—		—		—
Construction		—		—		—		—		—		—

Total	$	7,428	$	2,847	$	3,114	$	5,961	$	439	$	7,661

December 31, 2018
Commercial real estate	$	2,274	$	1,819	$	—	$	1,819	$	—	$	4,590
Commercial - specialized		2,116		2,116		—		2,116		—		3,742
Commercial - general		4,758		240		2,710		2,950		233		3,963
Consumer:								—
1-4 family		2,894		2,111		364		2,475		8		2,881
Auto loans		—		—		—		—		—		—
Other consumer		—		—		—		—		—		—
Construction		—		—		—		—		—		—

Total	$	12,042	$	6,286	$	3,074	$	9,360	$	241	$	15,176

Age Analysis on Accruing Past-due Loans and Nonaccrual Loans

The table below provides an age analysis on accruing past-due loans and nonaccrual loans:

	30-89 Days Past Due		90 Days or More Past Due		Nonaccrual
September 30, 2019
Commercial real estate	$	449	$	—	$	218
Commercial - specialized		118		177		1,259
Commercial - general		1,711		—		2,144
Consumer:
1-4 Family residential		1,807		843		1,614
Auto loans		874		92		—
Other consumer		797		109		—
Construction		131		—		—

Total	$	5,887	$	1,221	$	5,235

December 31, 2018
Commercial real estate	$	1,748	$	—	$	217
Commercial - specialized		992		—		2,550
Commercial - general		2,625		—		2,134
Consumer:
1-4 Family residential		1,611		440		1,489
Auto loans		825		50		—
Other consumer		883		74		—
Construction		—		—		—

Total	$	8,684	$	564	$	6,390

Summary of Internal Classifications of Loans

The following table summarizes the internal classifications of loans:

	Pass		Special Mention		Substandard		Doubtful		Total
September 30, 2019
Commercial real estate	$	496,054	$	22,133	$	2,500	$	—	$	520,687
Commercial - specialized		313,022		—		3,840		—		316,862
Commercial - general		389,187		—		9,722		—		398,909
Consumer:
1-4 family residential		351,267		—		7,893		—		359,160
Auto loans		211,954		—		575		—		212,529
Other consumer		70,013		—		325		—		70,338
Construction		84,124		—		—		—		84,124

Total	$	1,915,621	$	22,133	$	24,855	$	—	$	1,962,609

December 31, 2018
Commercial real estate	$	514,249	$	17,300	$	6,488	$	—	$	538,037
Commercial - specialized		301,289		—		3,733		—		305,022
Commercial - general		415,675		1,449		10,604		—		427,728
Consumer:
1-4 family residential		340,836		—		5,317		—		346,153
Auto loans		191,435		—		212		—		191,647
Other consumer		70,075		—		134		—		70,209
Construction		78,401		—		—		—		78,401

Total	$	1,911,960	$	18,749	$	26,488	$	—	$	1,957,197

STOCK-BASED COMPENSATION (Tables)

9 Months Ended

Sep. 30, 2019

STOCK-BASED COMPENSATION [Abstract]

Summary of Stock Option Activity

A summary of activity in the Plan during the nine months ended September 30, 2019 is presented in the table below:

	Number of Shares			Weighted-Average Exercise Price		Weighted-Average Remaining Contractual Life in Years		Aggregate Intrinsic Value
Nine Months Ended September 30, 2019
Outstanding at beginning of year:		—		$	—			$	—
Granted		1,664,992			13.12				6,081
Exercised		(97,500	)		11.15				508
Forfeited		(25,500	)		18.05				—
Expired		(9,000	)		19.05

Balance, September 30, 2019		1,532,992		$	13.13		6.03	$	5,573

Exercisable at end of period		—		$	—		—	$	—

Vested at end of period		1,100,400		$	11.51		5.62	$	5,505

Summary of Assumptions Used to Calculate Fair Value of Awards

A summary of assumptions used to calculate the fair values of the awards is presented below:

	Nine Months Ended September 30, 2019
Expected volatility	24.88% to 31.54%
Expected dividend yield		0.70	%
Expected term (years)	0.5 - 7.0 years
Risk-free interest rate	1.46% to 2.63%
Weighted average grant date fair value	$	8.01

Summary of Activity of Restricted Stock Units

A summary of activity in the Plan during the nine months ended September 30, 2019 is presented in the table below:

	Number of Shares		Weighted-Average Grant Date Fair Value
Nine Months Ended September 30, 2019
Outstanding at beginning of year:		—	$	—
Granted		81,200		19.46
Exercised		—		—
Forfeited		—		—

Balance, September 30, 2019		81,200	$	19.46

Exercisable at end of period		—	$	—

Vested at end of period		—	$	—

COMMITMENTS AND CONTINGENCIES (Tables)

9 Months Ended

Sep. 30, 2019

COMMITMENTS AND CONTINGENCIES [Abstract]

Financial Instrument Whose Contract Amounts Represent Credit Risk Outstanding

Financial instruments whose contract amounts represent credit risk outstanding follow:

	September 30, 2019		December 31, 2018
Commitments to grant loans and unfunded commitments under lines of credit	$	376,155	$	346,245
Standby letters of credit		9,967		5,062

CAPITAL AND REGULATORY MATTERS (Tables)

9 Months Ended

Sep. 30, 2019

CAPITAL AND REGULATORY MATTERS [Abstract]

Actual Capital Amounts and Ratios

The Company and its bank subsidiary’s actual capital amounts and ratios follow:

	Actual					Minimum Required Under BASEL III Fully Phased-In					To Be Well Capitalized Under Prompt Corrective Action Provisions
	Amount		Ratio			Amount		Ratio			Amount		Ratio
September 30, 2019
Total Capital to Risk Weighted Assets:
Consolidated	$	388,748		17.38	%	$	234,854		10.50	%		N/A		N/A
City Bank		308,841		13.81	%		234,803		10.50	%	$	223,622		10.00	%

Tier I Capital to Risk Weighted Assets:
Consolidated		337,920		15.11	%		190,120		8.50	%		N/A		N/A
City Bank		284,485		12.72	%		190,079		8.50	%		178,898		8.00	%

Common Equity Tier 1 to Risk Weighted Assets:
Consolidated		292,920		13.10	%		156,569		7.00	%		N/A		N/A
City Bank		284,485		12.72	%		156,535		7.00	%		145,354		6.50	%

Tier I Capital to Average Assets:
Consolidated		337,920		12.17	%		111,174		4.00	%		N/A		N/A
City Bank		284,485		10.25	%		111,098		4.00	%		138,872		5.00	%

December 31, 2018
Total Capital to Risk Weighted Assets:
Consolidated	$	309,798		14.28	%	$	227,864		10.50	%		N/A		N/A
City Bank		294,572		13.58	%		227,806		10.50	%	$	216,958		10.00	%

Tier I Capital to Risk Weighted Assets:
Consolidated		260,020		11.98	%		184,462		8.50	%		N/A		N/A
City Bank		271,266		12.50	%		184,415		8.50	%		173,567		8.00	%

Common Equity Tier 1 to Risk Weighted Assets:
Consolidated		215,020		9.91	%		151,910		7.00	%		N/A		N/A
City Bank		271,266		12.50	%		151,871		7.00	%		141,023		6.50	%

Tier I Capital to Average Assets:
Consolidated		260,020		9.63	%		108,033		4.00	%		N/A		N/A
City Bank		271,266		10.05	%		107,940		4.00	%		134,925		5.00	%

DERIVATIVES (Tables)

9 Months Ended

Sep. 30, 2019

DERIVATIVES [Abstract]

Fair Value Hedges

The following table reflects the fair value hedges included in the consolidated balance sheets:

	September 30, 2019				December 31, 2018
	Notional Amount		Fair Value		Notional Amount		Fair Value

Included in other liabilities:
Interest rate swaps related to fixed rate loans	$	10,650	$	514	$	—	$	—

Included in other assets:
Interest rate swaps related to fixed rate loans	$	—	$	—	$	10,917	$	169

Fair Value of Derivatives in Consolidated Balance Sheets

The following table reflects the amount and fair value of mortgage banking derivatives in the Consolidated Balance Sheets:

	September 30, 2019				December 31, 2018
	Notional Amount		Fair Value		Notional Amount		Fair Value

Included in other assets:
Forward contracts related to mortgage loans held for sale	$	—	$	—	$	—	$	—
Interest rate lock commitments		68,298		1,252		46,891		1,063

Total included in other assets	$	68,298	$	1,252	$	46,891	$	1,063


Included in other liabilities:
Forward contracts related to mortgage loans held for sale	$	80,524	$	242	$	54,998	$	672
Interest rate lock commitments		—		—		—		—

Total included in other liabilities	$	80,524	$	242	$	54,998	$	672

EARNINGS PER SHARE (Tables)

9 Months Ended

Sep. 30, 2019

EARNINGS PER SHARE [Abstract]

Factors Used in Earnings Per Share Computation

The factors used in the earnings per share computation follow:

	Three Months Ended September 30,				Nine Months Ended September 30,
	2019		2018		2019		2018
Net income	$	8,258	$	4,913	$	19,111	$	23,427

Weighted average common shares outstanding - basic		17,985,429		14,771,520		16,417,116		14,771,520
Effect of dilutive securities:
Stock-based compensation awards		377,604		—		160,606		—
Weighted average common shares outstanding - diluted		18,363,033		14,771,520		16,577,722		14,771,520

Basic earnings per share	$	0.46	$	0.33	$	1.16	$	1.59
Diluted earnings per share	$	0.45	$	0.33	$	1.15	$	1.59

SEGMENT INFORMATION (Tables)

9 Months Ended

Sep. 30, 2019

SEGMENT INFORMATION [Abstract]

Financial Results by Reportable Segment

Financial results by reportable segment are detailed below:

Three Months Ended September 30, 2019	Banking			Insurance			Consolidated
Net interest income	$	26,568		$	—		$	26,568
Provision for loan loss		(420	)		—			(420	)
Noninterest income		13,048			1,067			14,115
Noninterest expense		(29,109	)		(919	)		(30,028	)

Income before income taxes		10,087			148			10,235

Income tax (expense) benefit		(1,945	)		(32	)		(1,977	)

Net income	$	8,142		$	116		$	8,258

Three Months Ended September 30, 2018	Banking			Insurance			Consolidated
Net interest income	$	24,788		$	—		$	24,788
Provision for loan loss		(3,415	)		—			(3,415	)
Noninterest income		11,893			1,402			13,295
Noninterest expense		(28,429	)		(217	)		(28,646	)

Income before income taxes		4,837			1,185			6,022

Income tax (expense) benefit		(943	)		(166	)		(1,109	)

Net income	$	3,894		$	1,019		$	4,913

Financial results by reportable segment are detailed below:

Nine Months Ended September 30, 2019	Banking			Insurance			Consolidated
Net interest income	$	75,951		$	—		$	75,951
Provision for loan loss		(1,903	)		—			(1,903	)
Noninterest income		35,981			3,912			39,893
Noninterest expense		(87,279	)		(2,715	)		(89,994	)

Income before income taxes		22,750			1,197			23,947

Income tax (expense) benefit		(4,674	)		(162	)		(4,836	)

Net income	$	18,076		$	1,035		$	19,111

Nine Months Ended September 30, 2018	Banking			Insurance			Consolidated
Net interest income	$	70,945		$	—		$	70,945
Provision for loan loss		(5,733	)		—			(5,733	)
Noninterest income		33,933			3,798			37,731
Noninterest expense		(82,332	)		(2,613	)		(84,945	)

Income before income taxes		16,813			1,185			17,998

Income tax (expense) benefit		5,373			56			5,429

Net income	$	22,186		$	1,241		$	23,427

FAIR VALUE DISCLOSURES (Tables)

9 Months Ended

Sep. 30, 2019

FAIR VALUE DISCLOSURES [Abstract]

Assets (Liabilities) Measured at Fair Value on Recurring and Non-Recurring Basis

The following table summarizes fair value measurements:

	Level 1		Level 2			Level 3		Total
September 30, 2019
Assets (liabilities) measured at fair value on a recurring basis:
Securities available for sale:
U.S. government and agencies	$	—	$	6,901		$	—	$	6,901
State and municipal		—		41,552			—		41,552
Mortgage-backed securities		—		253,878			—		253,878
Collateralized mortgage obligations		—		60,185			—		60,185
Asset-backed and other amortizing securities		—		38,819			—		38,819
Loans held for sale (mandatory)		—		38,321			—		38,321
Mortgage servicing rights		—		1,689			—		1,689
Asset derivatives		—		1,252			—		1,252
Liability derivatives		—		(756	)		—		(756	)

Assets measured at fair value on a non-recurring basis:
Impaired loans		—		—			5,522		5,522
Other real estate owned		—		—			2,704		2,704
Loans held for sale (best efforts)		—		11,815			—		11,815

December 31, 2018
Assets (liabilities) measured at fair value on a recurring basis:
Securities available for sale:
U.S. government and agencies	$	74,419	$	10,288		$	—	$	84,707
State and municipal		—		32,310			—		32,310
Mortgage-backed securities		—		182,256			—		182,256
Asset-backed and other amortizing securities		—		38,923			—		38,923
Loans held for sale (mandatory)		—		31,874			—		31,874
Mortgage servicing rights		—		1,270			—		1,270
Asset derivatives		—		1,232			—		1,232
Liability derivatives		—		(672	)		—		(672	)

Assets measured at fair value on a non-recurring basis:
Impaired loans		—		—			9,119		9,119
Other real estate owned		—		—			2,285		2,285
Loans held for sale (best efforts)		—		6,508			—		6,508

Quantitative Information about Non-Recurring Level 3 Fair Value Measurements

The following table presents quantitative information about non-recurring Level 3 fair value measurements:

	Fair Value		Valuation Techniques	Unobservable Inputs	Range of Discounts
September 30, 2019
Impaired loans	$	5,522	Third party appraisals or inspections	Collateral discounts and selling costs		0%-100	%
Other real estate owned		2,704	Third party appraisals or inspections	Collateral discounts and selling costs		15%-66	%

December 31, 2018
Impaired loans	$	9,119	Third party appraisals or inspections	Collateral discounts and selling costs		0%-100	%
Other real estate owned		2,285	Third party appraisals or inspections	Collateral discounts and selling costs		15%-66	%

Estimated Fair Values, and Related Carrying Amounts of Financial Instruments

The estimated fair values, and related carrying amounts, of the Company’s financial instruments are as follows:

	Carrying Amount		Level 1		Level 2		Level 3		Total Fair Value

September 30, 2019
Financial assets:
Cash and cash equivalents	$	244,645	$	244,645	$	—	$	—	$	244,645
Loans, net		1,938,433		—		—		1,937,819		1,937,819
Accrued interest receivable		11,675		—		11,675		—		11,675
Bank-owned life insurance		58,109		—		58,109		—		58,109

Financial liabilities:
Deposits	$	2,285,974	$	2,008,958	$	280,449	$	—	$	2,289,407
Accrued interest payable		2,387		—		2,387		—		2,387
Notes payable & other borrowings		95,000		—		95,000		—		95,000
Junior subordinated deferrable interest debentures		46,393		—		46,393		—		46,393
Subordinated debt securities		26,472		—		26,472		—		26,472

	Carrying Amount		Level 1		Level 2		Level 3		Total Fair Value

December 31, 2018
Financial assets:
Cash and cash equivalents	$	245,989	$	245,989	$	—	$	—	$	245,989
Loans, net		1,934,071		—		—		1,923,167		1,923,167
Accrued interest receivable		12,957		—		12,957		—		12,957
Bank-owned life insurance		57,172		—		57,172		—		57,172

Financial liabilities:
Deposits	$	2,277,454	$	1,965,925	$	312,524	$	—	$	2,278,449
Accrued interest payable		2,042		—		2,042		—		2,042
Notes payable & other borrowings		95,000		—		95,000		—		95,000
Junior subordinated deferrable interest debentures		46,393		—		46,393		—		46,393
Subordinated debt securities		34,002		—		34,002		—		34,002

- Definition

Tabular disclosure of financial instruments measured at fair value, including those classified in shareholders' equity measured on a recurring or nonrecurring basis. Disclosures include, but are not limited to, fair value measurements recorded and the reasons for the measurements, level within the fair value hierarchy in which the fair value measurements are categorized and transfers between levels 1 and 2. Nonrecurring fair value measurements are those that are required or permitted in the statement of financial position in particular circumstances.

+ References + Details

BUSINESS COMBINATIONS (Tables)

9 Months Ended

Sep. 30, 2019

BUSINESS COMBINATIONS [Abstract]

Fair Value of the Assets Acquired and Liabilities Assumed

Fair value of the assets acquired and liabilities assumed in this transaction as of the closing date are as follows:

Assets acquired:
Premises and equipment, net	$	8
Goodwill		193
Other intangible assets		2,309
Other assets		290
Total assets acquired	$	2,800

Cash paid	$	2,800

GOODWILL AND INTANGIBLES (Tables)

9 Months Ended

Sep. 30, 2019

GOODWILL AND INTANGIBLES [Abstract]

Goodwill and Other Intangible Assets

Goodwill and other intangible assets are summarized below:

	September 30, 2019			December 31, 2018
Beginning goodwill	$	—		$	—
Arising from business combinations		193			—
Ending goodwill	$	193		$	—
Amortized intangible assets
Customer relationship intangibles	$	1,800		$	—
Employment intangibles		509			—
Less: Accumulated amortization		(38	)		—
Other intangible assets, net	$	2,271		$	—

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details)			1 Months Ended	9 Months Ended
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details)	Jul. 25, 2019 USD ($)	Mar. 11, 2019 $ / shares shares	May 31, 2019 USD ($) $ / shares shares	Sep. 30, 2019 USD ($) $ / shares shares	Sep. 30, 2018 USD ($)	Mar. 10, 2019 shares	Dec. 31, 2018 USD ($) $ / shares shares
Change in Capital Structure [Abstract]
Number of shares of common stock authorized (in shares) \| shares		30,000,000		30,000,000		1,000,000	30,000,000
Common stock, par value (in dollars per share) \| $ / shares		$ 1.00		$ 1.00			$ 1.00
Stock split ratio		29
Pro Forma Information [Abstract]
Federal tax rate				21.00%
Mergers and Acquisitions [Abstract]
Cash paid for acquisition				$ 2,800,000	$ 0
Change in Accounting Principle [Abstract]
Cumulative-effect adjustment to retained earnings, net				1,300,000
Cumulative-effect adjustment to retained earnings, before tax				1,600,000
Cumulative-effect adjustment to retained earnings, tax				$ 340,000
West Texas State Bank [Member]
Mergers and Acquisitions [Abstract]
Cash paid for acquisition	$ 76,100,000
Initial Public Offering [Member]
Stock Offering [Abstract]
Common stock issued and sold (in shares) \| shares			3,207,000
Common stock sold to underwriters (in shares) \| shares			507,000
Offering price (in dollars per share) \| $ / shares			$ 17.50
Aggregate gross proceeds from initial public offering			$ 56,100,000
Aggregate net proceeds from initial public offering			$ 51,400,000
City Bank [Member] \| Bank Subsidiary [Member]
Subsidiaries Information [Abstract]
Wholly Owned, Consolidated Subsidiaries				City Bank
Windmark Insurance Agency, Inc. ("Windmark") [Member] \| Non-bank Subsidiary [Member]
Subsidiaries Information [Abstract]
Wholly Owned, Consolidated Subsidiaries				Windmark Insurance Agency, Inc. ("Windmark")
Ruidoso Retail, Inc. [Member] \| Non-bank Subsidiary [Member]
Subsidiaries Information [Abstract]
Wholly Owned, Consolidated Subsidiaries				Ruidoso Retail, Inc.
CB Provence, LLC [Member] \| Non-bank Subsidiary [Member]
Subsidiaries Information [Abstract]
Wholly Owned, Consolidated Subsidiaries				CB Provence, LLC
CBT Brushy Creek, LLC [Member] \| Non-bank Subsidiary [Member]
Subsidiaries Information [Abstract]
Wholly Owned, Consolidated Subsidiaries				CBT Brushy Creek, LLC
CBT Properties, LLC [Member] \| Non-bank Subsidiary [Member]
Subsidiaries Information [Abstract]
Wholly Owned, Consolidated Subsidiaries				CBT Properties, LLC
South Plains Financial Capital Trusts (SPFCT) III-V [Member] \| Non-bank Subsidiary [Member]
Subsidiaries Information [Abstract]
Wholly Owned, Equity Method Subsidiaries				South Plains Financial Capital Trusts (SPFCT) III-V
Customer Relationships [Member]
Goodwill and Other Intangible Assets [Abstract]
Estimated useful lives				5 years
Employment Agreements [Member]
Goodwill and Other Intangible Assets [Abstract]
Estimated useful lives				5 years
Stock Appreciation Rights (SARs) [Member]
Change in Accounting Principle [Abstract]
Fair value in excess of recorded intrinsic value							$ 1,600,000

SECURITIES, Available for Sale (Details) - USD ($) $ in Thousands	Sep. 30, 2019	Dec. 31, 2018
Available for sale [Abstract]
Amortized cost	$ 396,742	$ 341,036
Gross unrealized gains	6,010	528
Gross unrealized losses	(1,417)	(3,368)
Fair value	401,335	338,196
U.S. Government and Agencies [Member]
Available for sale [Abstract]
Amortized cost	6,848	84,765
Gross unrealized gains	53	18
Gross unrealized losses	0	(76)
Fair value	6,901	84,707
State and Municipal [Member]
Available for sale [Abstract]
Amortized cost	40,720	32,205
Gross unrealized gains	884	480
Gross unrealized losses	(52)	(375)
Fair value	41,552	32,310
Mortgage-backed Securities [Member]
Available for sale [Abstract]
Amortized cost	251,958	184,267
Gross unrealized gains	3,226	29
Gross unrealized losses	(1,306)	(2,040)
Fair value	253,878	182,256
Collateralized Mortgage Obligations [Member]
Available for sale [Abstract]
Amortized cost	60,244
Gross unrealized gains	0
Gross unrealized losses	(59)
Fair value	60,185
Asset-backed and Other Amortizing Securities [Member]
Available for sale [Abstract]
Amortized cost	36,972	39,799
Gross unrealized gains	1,847	1
Gross unrealized losses	0	(877)
Fair value	$ 38,819	$ 38,923

SECURITIES, Amortized Cost and Fair Value of Securities by Contractual Maturity (Details) - USD ($) $ in Thousands	Sep. 30, 2019	Dec. 31, 2018
Available for Sale, Amortized Cost [Abstract]
Within 1 year	$ 470
After 1 year through 5 years	6,848
After 5 years through 10 years	10,434
After 10 years	29,816
Other	349,174
Amortized cost	396,742	$ 341,036
Available for Sale, Fair Value [Abstract]
Within 1 year	475
After 1 year through 5 years	6,901
After 5 years through 10 years	10,630
After 10 years	30,447
Other	352,882
Fair value	$ 401,335	$ 338,196

SECURITIES, Securities Transferred and Securities Pledged (Details) $ in Millions	9 Months Ended	12 Months Ended
	Sep. 30, 2019 USD ($) Security	Dec. 31, 2018 USD ($) Security
SECURITIES [Abstract]
Holdings of securities of any one issuer, other than the U.S. government and its agencies, in an amount greater than 10% of stockholders' equity \| Security	0	0
Carrying value of securities pledged to collateralize public deposits and for other purposes \| $	$ 198.6	$ 200.0

SECURITIES, Securities with Unrealized Losses, Available for Sale (Details) $ in Thousands	Sep. 30, 2019 USD ($) Security	Dec. 31, 2018 USD ($)
Available for sale, Fair Value [Abstract]
Less than 12 months	$ 131,182	$ 192,515
12 months or more	7,899	103,215
Total	139,081	295,730
Available for sale, Unrealized Loss [Abstract]
Less than 12 months	1,329	412
12 months or more	88	2,956
Total	$ 1,417	3,368
Number of securities with an unrealized loss \| Security	23
U.S. Government and Agencies [Member]
Available for sale, Fair Value [Abstract]
Less than 12 months	$ 0	77,891
12 months or more	0	2,048
Total	0	79,939
Available for sale, Unrealized Loss [Abstract]
Less than 12 months	0	27
12 months or more	0	49
Total	0	76
State and Municipal [Member]
Available for sale, Fair Value [Abstract]
Less than 12 months	9,066	5,662
12 months or more	1,220	9,781
Total	10,286	15,443
Available for sale, Unrealized Loss [Abstract]
Less than 12 months	36	92
12 months or more	16	283
Total	52	375
Mortgage-backed Securities [Member]
Available for sale, Fair Value [Abstract]
Less than 12 months	61,931	108,962
12 months or more	6,679	54,035
Total	68,610	162,997
Available for sale, Unrealized Loss [Abstract]
Less than 12 months	1,235	293
12 months or more	72	1,747
Total	1,307	2,040
Collateralized Mortgage Obligations [Member]
Available for sale, Fair Value [Abstract]
Less than 12 months	60,185
12 months or more	0
Total	60,185
Available for sale, Unrealized Loss [Abstract]
Less than 12 months	58
12 months or more	0
Total	$ 58
Asset-backed and Other Amortizing Securities [Member]
Available for sale, Fair Value [Abstract]
Less than 12 months		0
12 months or more		37,351
Total		37,351
Available for sale, Unrealized Loss [Abstract]
Less than 12 months		0
12 months or more		877
Total		$ 877

LOANS, Summary of Loans by Category (Details) $ in Thousands	9 Months Ended
	Sep. 30, 2019 USD ($) Category	Jun. 30, 2019 USD ($)	Dec. 31, 2018 USD ($)	Sep. 30, 2018 USD ($)	Jun. 30, 2018 USD ($)	Dec. 31, 2017 USD ($)
Summary of Loans by Category [Abstract]
Loans, gross	$ 1,962,609		$ 1,957,197
Allowance for loan losses	(24,176)	$ (24,171)	(23,126)	$ (21,073)	$ (21,715)	$ (21,461)
Loans, net	1,938,433		1,934,071
Commercial Real Estate [Member]
Summary of Loans by Category [Abstract]
Loans, gross	520,687		538,037
Allowance for loan losses	$ (5,144)	(5,415)	(5,579)	(4,843)	(4,336)	(3,769)
Commercial [Member]
Summary of Loans by Category [Abstract]
Number of sub-categories of loans \| Category	2
Commercial [Member] \| Specialized [Member]
Summary of Loans by Category [Abstract]
Loans, gross	$ 316,862		305,022
Allowance for loan losses	(2,799)	(3,346)	(2,516)	(2,673)	(2,924)	(2,367)
Commercial [Member] \| General [Member]
Summary of Loans by Category [Abstract]
Loans, gross	398,909		427,728
Allowance for loan losses	(8,908)	(8,325)	(8,173)	(7,493)	(8,733)	(10,151)
Consumer [Member] \| 1-4 Family Residential [Member]
Summary of Loans by Category [Abstract]
Loans, gross	359,160		346,153
Allowance for loan losses	(2,638)	(2,310)	(2,249)	(1,453)	(1,451)	(1,787)
Consumer [Member] \| Auto Loans [Member]
Summary of Loans by Category [Abstract]
Loans, gross	212,529		191,647
Allowance for loan losses	(3,017)	(3,067)	(2,994)	(2,977)	(2,603)	(2,068)
Consumer [Member] \| Other Consumer [Member]
Summary of Loans by Category [Abstract]
Loans, gross	70,338		70,209
Allowance for loan losses	(1,153)	(1,199)	(1,192)	(1,144)	(1,158)	(971)
Construction [Member]
Summary of Loans by Category [Abstract]
Loans, gross	84,124		78,401
Allowance for loan losses	$ (517)	$ (509)	$ (423)	$ (490)	$ (510)	$ (348)

LOANS, Activity in Allowance for Loan Losses (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Allowance for Loan Losses [Roll Forward]
Beginning Balance	$ 24,171	$ 21,715	$ 23,126	$ 21,461
Provision for loan losses	420	3,415	1,903	5,733
Charge-offs	(725)	(4,472)	(1,940)	(7,099)
Recoveries	310	415	1,087	978
Ending Balance	24,176	21,073	24,176	21,073
Commercial Real Estate [Member]
Allowance for Loan Losses [Roll Forward]
Beginning Balance	5,415	4,336	5,579	3,769
Provision for loan losses	(379)	268	(758)	2,374
Charge-offs	0	0	0	(1,539)
Recoveries	108	239	323	239
Ending Balance	5,144	4,843	5,144	4,843
Commercial [Member] \| Specialized [Member]
Allowance for Loan Losses [Roll Forward]
Beginning Balance	3,346	2,924	2,516	2,367
Provision for loan losses	(575)	(191)	230	339
Charge-offs	0	(70)	(37)	(108)
Recoveries	28	10	90	75
Ending Balance	2,799	2,673	2,799	2,673
Commercial [Member] \| General [Member]
Allowance for Loan Losses [Roll Forward]
Beginning Balance	8,325	8,733	8,173	10,151
Provision for loan losses	734	2,434	674	808
Charge-offs	(170)	(3,738)	(235)	(3,865)
Recoveries	19	64	296	399
Ending Balance	8,908	7,493	8,908	7,493
Consumer [Member] \| 1-4 Family Residential [Member]
Allowance for Loan Losses [Roll Forward]
Beginning Balance	2,310	1,451	2,249	1,787
Provision for loan losses	384	102	412	(98)
Charge-offs	(65)	(131)	(84)	(272)
Recoveries	9	31	61	36
Ending Balance	2,638	1,453	2,638	1,453
Consumer [Member] \| Auto Loans [Member]
Allowance for Loan Losses [Roll Forward]
Beginning Balance	3,067	2,603	2,994	2,068
Provision for loan losses	127	609	626	1,500
Charge-offs	(260)	(276)	(765)	(693)
Recoveries	83	41	162	102
Ending Balance	3,017	2,977	3,017	2,977
Consumer [Member] \| Other Consumer [Member]
Allowance for Loan Losses [Roll Forward]
Beginning Balance	1,199	1,158	1,192	971
Provision for loan losses	121	213	550	653
Charge-offs	(230)	(257)	(744)	(607)
Recoveries	63	30	155	127
Ending Balance	1,153	1,144	1,153	1,144
Construction [Member]
Allowance for Loan Losses [Roll Forward]
Beginning Balance	509	510	423	348
Provision for loan losses	8	(20)	169	157
Charge-offs	0	0	(75)	(15)
Recoveries	0	0	0	0
Ending Balance	$ 517	$ 490	$ 517	$ 490

LOANS, Investment in loans Disaggregated Based on Method of Evaluating Impairment (Details) - USD ($) $ in Thousands	Sep. 30, 2019	Dec. 31, 2018
Recorded Investment [Abstract]
Individually Evaluated	$ 5,961	$ 9,360
Collectively Evaluated	1,956,648	1,947,837
Allowance for Loan Losses [Abstract]
Individually Evaluated	439	241
Collectively Evaluated	23,737	22,885
Commercial Real Estate [Member]
Recorded Investment [Abstract]
Individually Evaluated	331	1,819
Collectively Evaluated	520,356	536,218
Allowance for Loan Losses [Abstract]
Individually Evaluated	0	0
Collectively Evaluated	5,144	5,579
Commercial [Member] \| Specialized [Member]
Recorded Investment [Abstract]
Individually Evaluated	586	2,116
Collectively Evaluated	316,276	302,906
Allowance for Loan Losses [Abstract]
Individually Evaluated	0	0
Collectively Evaluated	2,799	2,516
Commercial [Member] \| General [Member]
Recorded Investment [Abstract]
Individually Evaluated	2,660	2,950
Collectively Evaluated	396,249	424,778
Allowance for Loan Losses [Abstract]
Individually Evaluated	404	233
Collectively Evaluated	8,504	7,940
Consumer [Member] \| 1-4 Family Residential [Member]
Recorded Investment [Abstract]
Individually Evaluated	2,384	2,475
Collectively Evaluated	356,776	343,678
Allowance for Loan Losses [Abstract]
Individually Evaluated	35	8
Collectively Evaluated	2,603	2,241
Consumer [Member] \| Auto Loans [Member]
Recorded Investment [Abstract]
Individually Evaluated	0	0
Collectively Evaluated	212,529	191,647
Allowance for Loan Losses [Abstract]
Individually Evaluated	0	0
Collectively Evaluated	3,017	2,994
Consumer [Member] \| Other Consumer [Member]
Recorded Investment [Abstract]
Individually Evaluated	0	0
Collectively Evaluated	70,338	70,209
Allowance for Loan Losses [Abstract]
Individually Evaluated	0	0
Collectively Evaluated	1,153	1,192
Construction [Member]
Recorded Investment [Abstract]
Individually Evaluated	0	0
Collectively Evaluated	84,124	78,401
Allowance for Loan Losses [Abstract]
Individually Evaluated	0	0
Collectively Evaluated	$ 517	$ 423

LOANS, Impaired Loan Information (Details) - USD ($) $ in Thousands	9 Months Ended	12 Months Ended
	Sep. 30, 2019	Dec. 31, 2018
Impaired Loan Information [Abstract]
Unpaid Contractual Principal Balance	$ 7,428	$ 12,042
Recorded Investment With No Allowance	2,847	6,286
Recorded Investment With Allowance	3,114	3,074
Total Recorded Investment	5,961	9,360
Related Allowance	439	241
Average Recorded Investment	7,661	15,176
Minimum [Member]
Impaired Loan Information [Abstract]
Threshold balance of loan to be specifically reviewed for impairment	250
Commercial Real Estate [Member]
Impaired Loan Information [Abstract]
Unpaid Contractual Principal Balance	786	2,274
Recorded Investment With No Allowance	331	1,819
Recorded Investment With Allowance	0	0
Total Recorded Investment	331	1,819
Related Allowance	0	0
Average Recorded Investment	1,075	4,590
Commercial [Member] \| Specialized [Member]
Impaired Loan Information [Abstract]
Unpaid Contractual Principal Balance	586	2,116
Recorded Investment With No Allowance	586	2,116
Recorded Investment With Allowance	0	0
Total Recorded Investment	586	2,116
Related Allowance	0	0
Average Recorded Investment	1,351	3,742
Commercial [Member] \| General [Member]
Impaired Loan Information [Abstract]
Unpaid Contractual Principal Balance	3,253	4,758
Recorded Investment With No Allowance	0	240
Recorded Investment With Allowance	2,660	2,710
Total Recorded Investment	2,660	2,950
Related Allowance	404	233
Average Recorded Investment	2,805	3,963
Consumer [Member] \| 1-4 Family [Member]
Impaired Loan Information [Abstract]
Unpaid Contractual Principal Balance	2,803	2,894
Recorded Investment With No Allowance	1,930	2,111
Recorded Investment With Allowance	454	364
Total Recorded Investment	2,384	2,475
Related Allowance	35	8
Average Recorded Investment	2,430	2,881
Consumer [Member] \| Auto Loans [Member]
Impaired Loan Information [Abstract]
Unpaid Contractual Principal Balance	0	0
Recorded Investment With No Allowance	0	0
Recorded Investment With Allowance	0	0
Total Recorded Investment	0	0
Related Allowance	0	0
Average Recorded Investment	0	0
Consumer [Member] \| Other Consumer [Member]
Impaired Loan Information [Abstract]
Unpaid Contractual Principal Balance	0	0
Recorded Investment With No Allowance	0	0
Recorded Investment With Allowance	0	0
Total Recorded Investment	0	0
Related Allowance	0	0
Average Recorded Investment	0	0
Construction [Member]
Impaired Loan Information [Abstract]
Unpaid Contractual Principal Balance	0	0
Recorded Investment With No Allowance	0	0
Recorded Investment With Allowance	0	0
Total Recorded Investment	0	0
Related Allowance	0	0
Average Recorded Investment	$ 0	$ 0

LOANS, Age Analysis on Accruing Past-due Loans and Nonaccrual Loans (Details) $ in Thousands	9 Months Ended
	Sep. 30, 2019 USD ($) Point	Dec. 31, 2018 USD ($)
Age Analysis on Accruing Past-due Loans and Nonaccrual Loans [Abstract]
Nonaccrual	$ 5,235	$ 6,390
Number of points on a grading scale for loans \| Point	13
30-89 Days Past Due [Member]
Age Analysis on Accruing Past-due Loans and Nonaccrual Loans [Abstract]
Past Due	$ 5,887	8,684
90 Days or More Past Due [Member]
Age Analysis on Accruing Past-due Loans and Nonaccrual Loans [Abstract]
Past Due	1,221	564
Commercial Real Estate [Member]
Age Analysis on Accruing Past-due Loans and Nonaccrual Loans [Abstract]
Nonaccrual	218	217
Commercial Real Estate [Member] \| 30-89 Days Past Due [Member]
Age Analysis on Accruing Past-due Loans and Nonaccrual Loans [Abstract]
Past Due	449	1,748
Commercial Real Estate [Member] \| 90 Days or More Past Due [Member]
Age Analysis on Accruing Past-due Loans and Nonaccrual Loans [Abstract]
Past Due	0	0
Commercial [Member] \| Specialized [Member]
Age Analysis on Accruing Past-due Loans and Nonaccrual Loans [Abstract]
Nonaccrual	1,259	2,550
Commercial [Member] \| Specialized [Member] \| 30-89 Days Past Due [Member]
Age Analysis on Accruing Past-due Loans and Nonaccrual Loans [Abstract]
Past Due	118	992
Commercial [Member] \| Specialized [Member] \| 90 Days or More Past Due [Member]
Age Analysis on Accruing Past-due Loans and Nonaccrual Loans [Abstract]
Past Due	177	0
Commercial [Member] \| General [Member]
Age Analysis on Accruing Past-due Loans and Nonaccrual Loans [Abstract]
Nonaccrual	2,144	2,134
Commercial [Member] \| General [Member] \| 30-89 Days Past Due [Member]
Age Analysis on Accruing Past-due Loans and Nonaccrual Loans [Abstract]
Past Due	1,711	2,625
Commercial [Member] \| General [Member] \| 90 Days or More Past Due [Member]
Age Analysis on Accruing Past-due Loans and Nonaccrual Loans [Abstract]
Past Due	0	0
Consumer [Member] \| 1-4 Family Residential [Member]
Age Analysis on Accruing Past-due Loans and Nonaccrual Loans [Abstract]
Nonaccrual	1,614	1,489
Consumer [Member] \| 1-4 Family Residential [Member] \| 30-89 Days Past Due [Member]
Age Analysis on Accruing Past-due Loans and Nonaccrual Loans [Abstract]
Past Due	1,807	1,611
Consumer [Member] \| 1-4 Family Residential [Member] \| 90 Days or More Past Due [Member]
Age Analysis on Accruing Past-due Loans and Nonaccrual Loans [Abstract]
Past Due	843	440
Consumer [Member] \| Auto Loans [Member]
Age Analysis on Accruing Past-due Loans and Nonaccrual Loans [Abstract]
Nonaccrual	0	0
Consumer [Member] \| Auto Loans [Member] \| 30-89 Days Past Due [Member]
Age Analysis on Accruing Past-due Loans and Nonaccrual Loans [Abstract]
Past Due	874	825
Consumer [Member] \| Auto Loans [Member] \| 90 Days or More Past Due [Member]
Age Analysis on Accruing Past-due Loans and Nonaccrual Loans [Abstract]
Past Due	92	50
Consumer [Member] \| Other Consumer [Member]
Age Analysis on Accruing Past-due Loans and Nonaccrual Loans [Abstract]
Nonaccrual	0	0
Consumer [Member] \| Other Consumer [Member] \| 30-89 Days Past Due [Member]
Age Analysis on Accruing Past-due Loans and Nonaccrual Loans [Abstract]
Past Due	797	883
Consumer [Member] \| Other Consumer [Member] \| 90 Days or More Past Due [Member]
Age Analysis on Accruing Past-due Loans and Nonaccrual Loans [Abstract]
Past Due	109	74
Construction [Member]
Age Analysis on Accruing Past-due Loans and Nonaccrual Loans [Abstract]
Nonaccrual	0	0
Construction [Member] \| 30-89 Days Past Due [Member]
Age Analysis on Accruing Past-due Loans and Nonaccrual Loans [Abstract]
Past Due	131	0
Construction [Member] \| 90 Days or More Past Due [Member]
Age Analysis on Accruing Past-due Loans and Nonaccrual Loans [Abstract]
Past Due	$ 0	$ 0

LOANS, Summary of Internal Classifications of Loans (Details) - USD ($) $ in Thousands	Sep. 30, 2019	Dec. 31, 2018
Loans by Internal Classifications [Abstract]
Loans	$ 1,962,609	$ 1,957,197
Pass [Member]
Loans by Internal Classifications [Abstract]
Loans	1,915,621	1,911,960
Special Mention [Member]
Loans by Internal Classifications [Abstract]
Loans	22,133	18,749
Substandard [Member]
Loans by Internal Classifications [Abstract]
Loans	24,855	26,488
Doubtful [Member]
Loans by Internal Classifications [Abstract]
Loans	0	0
Commercial Real Estate [Member]
Loans by Internal Classifications [Abstract]
Loans	520,687	538,037
Commercial Real Estate [Member] \| Pass [Member]
Loans by Internal Classifications [Abstract]
Loans	496,054	514,249
Commercial Real Estate [Member] \| Special Mention [Member]
Loans by Internal Classifications [Abstract]
Loans	22,133	17,300
Commercial Real Estate [Member] \| Substandard [Member]
Loans by Internal Classifications [Abstract]
Loans	2,500	6,488
Commercial Real Estate [Member] \| Doubtful [Member]
Loans by Internal Classifications [Abstract]
Loans	0	0
Commercial [Member] \| Specialized [Member]
Loans by Internal Classifications [Abstract]
Loans	316,862	305,022
Commercial [Member] \| Specialized [Member] \| Pass [Member]
Loans by Internal Classifications [Abstract]
Loans	313,022	301,289
Commercial [Member] \| Specialized [Member] \| Special Mention [Member]
Loans by Internal Classifications [Abstract]
Loans	0	0
Commercial [Member] \| Specialized [Member] \| Substandard [Member]
Loans by Internal Classifications [Abstract]
Loans	3,840	3,733
Commercial [Member] \| Specialized [Member] \| Doubtful [Member]
Loans by Internal Classifications [Abstract]
Loans	0	0
Commercial [Member] \| General [Member]
Loans by Internal Classifications [Abstract]
Loans	398,909	427,728
Commercial [Member] \| General [Member] \| Pass [Member]
Loans by Internal Classifications [Abstract]
Loans	389,187	415,675
Commercial [Member] \| General [Member] \| Special Mention [Member]
Loans by Internal Classifications [Abstract]
Loans	0	1,449
Commercial [Member] \| General [Member] \| Substandard [Member]
Loans by Internal Classifications [Abstract]
Loans	9,722	10,604
Commercial [Member] \| General [Member] \| Doubtful [Member]
Loans by Internal Classifications [Abstract]
Loans	0	0
Consumer [Member] \| 1-4 Family Residential [Member]
Loans by Internal Classifications [Abstract]
Loans	359,160	346,153
Consumer [Member] \| 1-4 Family Residential [Member] \| Pass [Member]
Loans by Internal Classifications [Abstract]
Loans	351,267	340,836
Consumer [Member] \| 1-4 Family Residential [Member] \| Special Mention [Member]
Loans by Internal Classifications [Abstract]
Loans	0	0
Consumer [Member] \| 1-4 Family Residential [Member] \| Substandard [Member]
Loans by Internal Classifications [Abstract]
Loans	7,893	5,317
Consumer [Member] \| 1-4 Family Residential [Member] \| Doubtful [Member]
Loans by Internal Classifications [Abstract]
Loans	0	0
Consumer [Member] \| Auto Loans [Member]
Loans by Internal Classifications [Abstract]
Loans	212,529	191,647
Consumer [Member] \| Auto Loans [Member] \| Pass [Member]
Loans by Internal Classifications [Abstract]
Loans	211,954	191,435
Consumer [Member] \| Auto Loans [Member] \| Special Mention [Member]
Loans by Internal Classifications [Abstract]
Loans	0	0
Consumer [Member] \| Auto Loans [Member] \| Substandard [Member]
Loans by Internal Classifications [Abstract]
Loans	575	212
Consumer [Member] \| Auto Loans [Member] \| Doubtful [Member]
Loans by Internal Classifications [Abstract]
Loans	0	0
Consumer [Member] \| Other Consumer [Member]
Loans by Internal Classifications [Abstract]
Loans	70,338	70,209
Consumer [Member] \| Other Consumer [Member] \| Pass [Member]
Loans by Internal Classifications [Abstract]
Loans	70,013	70,075
Consumer [Member] \| Other Consumer [Member] \| Special Mention [Member]
Loans by Internal Classifications [Abstract]
Loans	0	0
Consumer [Member] \| Other Consumer [Member] \| Substandard [Member]
Loans by Internal Classifications [Abstract]
Loans	325	134
Consumer [Member] \| Other Consumer [Member] \| Doubtful [Member]
Loans by Internal Classifications [Abstract]
Loans	0	0
Construction [Member]
Loans by Internal Classifications [Abstract]
Loans	84,124	78,401
Construction [Member] \| Pass [Member]
Loans by Internal Classifications [Abstract]
Loans	84,124	78,401
Construction [Member] \| Special Mention [Member]
Loans by Internal Classifications [Abstract]
Loans	0	0
Construction [Member] \| Substandard [Member]
Loans by Internal Classifications [Abstract]
Loans	0	0
Construction [Member] \| Doubtful [Member]
Loans by Internal Classifications [Abstract]
Loans	$ 0	$ 0

LOANS, Troubled Debt Restructurings (Details) - USD ($) $ in Thousands	Sep. 30, 2019	Dec. 31, 2018
LOANS [Abstract]
Troubled debt restructurings	$ 0	$ 0

BORROWING ARRANGEMENTS (Details) - USD ($) $ in Thousands	1 Months Ended		9 Months Ended
BORROWING ARRANGEMENTS (Details) - USD ($) $ in Thousands	Jan. 31, 2019	Dec. 31, 2018	Sep. 30, 2019	Jan. 31, 2014
Subordinated Debt Securities [Abstract]
Outstanding balance		$ 34,002	$ 26,472
Subordinated Debt Securities Issued in January 2014 [Member]
Subordinated Debt Securities [Abstract]
Debt instrument, face amount				$ 20,900
Debt instrument, maturity date			Jan. 31, 2024
Amount of debt securities whose holders elected to subscribe to new offering		13,400
Amount of debt securities redeemed	$ 7,500
Outstanding balance		7,500
Subordinated Debt Securities Issued in January 2014 [Member] \| Debt Securities One [Member]
Subordinated Debt Securities [Abstract]
Debt instrument, face amount				$ 6,500
Debt instrument, current interest rate				4.00%
Debt instrument, period of fixed interest rate			5 years
Debt instrument, variable interest rate, floor			4.00%
Debt instrument, variable interest rate, ceiling			7.50%
Subordinated Debt Securities Issued in January 2014 [Member] \| Debt Securities Two [Member]
Subordinated Debt Securities [Abstract]
Debt instrument, face amount				$ 14,400
Debt instrument, current interest rate				5.00%
Debt instrument, period of fixed interest rate			5 years
Debt instrument, variable interest rate, floor			4.00%
Debt instrument, variable interest rate, ceiling			7.50%
Subordinated Debt Securities Issued in December 2018 [Member]
Subordinated Debt Securities [Abstract]
Debt instrument, face amount		26,500
Subordinated Debt Securities Issued in December 2018 [Member] \| Debt Securities One [Member]
Subordinated Debt Securities [Abstract]
Debt instrument, face amount		$ 12,400
Debt instrument, maturity date			Dec. 31, 2028
Debt instrument, current interest rate		5.74%
Debt instrument, period of fixed interest rate			5 years
Debt instrument, variable interest rate, floor			4.50%
Debt instrument, variable interest rate, ceiling			7.50%
Subordinated Debt Securities Issued in December 2018 [Member] \| Debt Securities One [Member] \| Maximum [Member]
Subordinated Debt Securities [Abstract]
Remaining maturity period during which debt can be called			5 years
Subordinated Debt Securities Issued in December 2018 [Member] \| Debt Securities Two [Member]
Subordinated Debt Securities [Abstract]
Debt instrument, face amount		$ 14,100
Debt instrument, maturity date			Dec. 31, 2030
Debt instrument, current interest rate		6.41%
Debt instrument, period of fixed interest rate			7 years
Debt instrument, variable interest rate, floor			4.50%
Debt instrument, variable interest rate, ceiling			7.50%
Subordinated Debt Securities Issued in December 2018 [Member] \| Debt Securities Two [Member] \| Maximum [Member]
Subordinated Debt Securities [Abstract]
Remaining maturity period during which debt can be called			5 years

EMPLOYEE BENEFITS (Details) - USD ($)		9 Months Ended	12 Months Ended
EMPLOYEE BENEFITS (Details) - USD ($)	May 06, 2019	Sep. 30, 2019	Dec. 31, 2018
Non-Qualified Plans [Abstract]
Cumulative-effect adjustment to retained earnings, net of tax amount		$ 1,300,000
Cumulative-effect adjustment to retained earnings, before tax amount		1,600,000
Cumulative-effect adjustment to retained earnings, tax amount		340,000
Stock Appreciation Rights [Member]
Non-Qualified Plans [Abstract]
Fair value in excess of recorded intrinsic value			$ 1,600,000
Stock Appreciation Rights [Member] \| Nonqualified Plans [Member]
Non-Qualified Plans [Abstract]
Liabilities for cost of benefits accrued			10,600,000
Fair value in excess of recorded intrinsic value			1,600,000
Cumulative-effect adjustment to retained earnings, net of tax amount		1,300,000
Cumulative-effect adjustment to retained earnings, before tax amount		1,600,000
Cumulative-effect adjustment to retained earnings, tax amount		$ 340,000
Employee benefits expense	$ 69,000		$ 607,000

STOCK-BASED COMPENSATION (Details) - 2019 Equity Incentive Plan [Member]	Mar. 06, 2019 shares
Equity Incentive Plan [Abstract]
Maximum aggregate number of shares of common stock that may be issued (in shares)	2,300,000
Maximum [Member]
Equity Incentive Plan [Abstract]
Annual increase in number of shares that may be issued	3.00%

STOCK-BASED COMPENSATION, Stock Options Activity (Details) - 2019 Equity Incentive Plan [Member] - Stock Option [Member] - USD ($) $ / shares in Units, $ in Thousands	9 Months Ended
	Sep. 30, 2019
Number of Shares [Roll Forward]
Outstanding at beginning of year (in shares)	0
Granted (in shares)	1,664,992
Exercised (in shares)	(97,500)
Forfeited (in shares)	(25,500)
Expired (in shares)	(9,000)
Balance at end of period (in shares)	1,532,992
Exercisable at end of period (in shares)	0
Vested at end of period (in shares)	1,100,400
Weighted-Average Exercise Price [Abstract]
Outstanding at beginning of year (in dollars per share)	$ 0
Granted (in dollars per share)	13.12
Exercised (in dollars per share)	11.15
Forfeited (in dollars per share)	18.05
Expired (in dollars per share)	19.05
Balance at end of period (in dollars per share)	13.13
Exercisable at end of period (in dollar per share)	0
Vested at end of period (in dollars per share)	$ 11.51
Weighted Average Remaining Contractual Life in Years [Abstract]
Options Outstanding	6 years 11 days
Exercisable at end of period	0 years
Vested at end of period	5 years 7 months 13 days
Aggregate Intrinsic Value [Abstract]
Outstanding at beginning of year	$ 0
Granted	6,081
Exercised	508
Forfeited	0
Balance at end of period	5,573
Exercisable at end of period	0
Vested at end of period	$ 5,505

STOCK-BASED COMPENSATION, Fair Value Assumptions (Details) - USD ($) $ / shares in Units, $ in Millions		9 Months Ended
	May 06, 2019	Sep. 30, 2019
Summary of Assumptions Used to Calculate Fair Value of Awards [Abstract]
Expected dividend yield		0.70%
Weighted average grant date fair value (in dollars per share)		$ 8.01
Equity Incentive Plan [Abstract]
Stock option modified from liabilities to equity (in shares)	750,000
Fair value of stock options after modification	$ 11.2
Amount reclassified from liabilities to equity in conversion	11.5
Minimum [Member]
Summary of Assumptions Used to Calculate Fair Value of Awards [Abstract]
Expected volatility		24.88%
Expected term		6 months
Risk-free interest rate		1.46%
Equity Incentive Plan [Abstract]
Expiration period of options with accelerated vesting due to modification from liabilities to equity		2 years
Maximum [Member]
Summary of Assumptions Used to Calculate Fair Value of Awards [Abstract]
Expected volatility		31.54%
Expected term		7 years
Risk-free interest rate		2.63%
Equity Incentive Plan [Abstract]
Expiration period of options with accelerated vesting due to modification from liabilities to equity		4 years
Stock Appreciation Rights (SARs) [Member]
Equity Incentive Plan [Abstract]
Fair value of share-based equity awards at conversion date	$ 11.5
2019 Equity Incentive Plan [Member] \| Stock Appreciation Rights (SARs) [Member]
Equity Incentive Plan [Abstract]
Number of outstanding shares converted (in shares)	1,401,000

STOCK-BASED COMPENSATION, Restricted Stock Units (Details) - Restricted Stock Units [Member] $ / shares in Units, $ in Millions	9 Months Ended
	Sep. 30, 2019 USD ($) $ / shares shares
Number of Shares [Roll Forward]
Outstanding at beginning of year (in shares) \| shares	0
Granted (in shares) \| shares	81,200
Exercised (in shares) \| shares	0
Forfeited (in shares) \| shares	0
Balance at ending of period (in shares) \| shares	81,200
Exercisable at end of period (in shares) \| shares	0
Vested at end of period (in shares) \| shares	0
Weighted-Average Exercise Price [Abstract]
Outstanding at beginning of year (in dollar per share) \| $ / shares	$ 0
Granted (in dollars per share) \| $ / shares	19.46
Exercised (in dollars per share) \| $ / shares	0
Forfeited (in dollars per share) \| $ / shares	0
Balance at ending of period (in dollars per share) \| $ / shares	19.46
Exercisable at end of period (in dollars per share) \| $ / shares	0
Vested at end of period (in dollars per share) \| $ / shares	$ 0
Award vesting period	5 years
Unrecognized compensation cost \| $	$ 2.9
Weighted average remaining period, recognition of compensation cost	2 years 22 days

STOCK-BASED COMPENSATION, Employment Agreement (Details) - President [Member]	Mar. 06, 2019
Employment Agreement [Abstract]
Initial term of employment agreement	3 years
Automatic renewal term of employment agreement	3 years
Period of advance notice of non-renewal	90 days
Severance pay as percentage of sum of annual base salary and annual target cash incentive bonus in event of termination without cause or for good reason	200.00%
Period of monthly premiums to continue existing healthcare coverage under COBRA paid in lump sum in event of termination without cause or for good reason	24 months
Severance pay as percentage of sum of annual base salary and annual target cash incentive bonus in event of involuntary termination within 24-month period following change in control	300.00%
Period of monthly premiums to continue existing healthcare coverage under COBRA paid in lump sum in event of involuntary termination within 24-month period following change in control	36 months

COMMITMENTS AND CONTINGENCIES (Details) - USD ($) $ in Thousands	Sep. 30, 2019	Dec. 31, 2018
Federal Home Loan Bank Letters of Credit [Abstract]
Letters of credit outstanding balance	$ 199,000	$ 199,000
Commitments to Grant Loans and Unfunded Commitments Under Lines of Credit [Member]
Financial instruments with off-balance-sheet risk [Abstract]
Financial instruments whose contract amounts represent credit risk outstanding	376,155	346,245
Standby Letters-of-credit [Member]
Financial instruments with off-balance-sheet risk [Abstract]
Financial instruments whose contract amounts represent credit risk outstanding	$ 9,967	$ 5,062

CAPITAL AND REGULATORY MATTERS (Details) - USD ($) $ in Thousands	Sep. 30, 2019	Dec. 31, 2018
Consolidated [Member]
Total Capital to Risk Weighted Assets [Abstract]
Actual, Amount	$ 388,748	$ 309,798
Actual, Ratio	17.38%	14.28%
Minimum Required Under BASEL III Fully Phased-In, Amount	$ 234,854	$ 227,864
Minimum Required Under BASEL III Fully Phased-In, Ratio	10.50%	10.50%
Tier I Capital to Risk Weighted Assets [Abstract]
Actual, Amount	$ 337,920	$ 260,020
Actual, Ratio	15.11%	11.98%
Minimum Required Under BASEL III Fully Phased-In, Amount	$ 190,120	$ 184,462
Minimum Required Under BASEL III Fully Phased-In, Ratio	8.50%	8.50%
Common Equity Tier 1 to Risk Weighted Assets [Abstract]
Actual, Amount	$ 292,920	$ 215,020
Actual, Ratio	13.10%	9.91%
Minimum Required Under BASEL III Fully Phased-In, Amount	$ 156,569	$ 151,910
Minimum Required Under BASEL III Fully Phased-In, Ratio	7.00%	7.00%
Tier I Capital to Average Assets [Abstract]
Actual, Amount	$ 337,920	$ 260,020
Actual, Ratio	12.17%	9.63%
Minimum Required Under BASEL III Fully Phased-In, Amount	$ 111,174	$ 108,033
Minimum Required Under BASEL III Fully Phased-In, Ratio	4.00%	4.00%
City Bank [Member]
Total Capital to Risk Weighted Assets [Abstract]
Actual, Amount	$ 308,841	$ 294,572
Actual, Ratio	13.81%	13.58%
Minimum Required Under BASEL III Fully Phased-In, Amount	$ 234,803	$ 227,806
Minimum Required Under BASEL III Fully Phased-In, Ratio	10.50%	10.50%
To Be Well Capitalized Under Prompt Corrective Action Provisions, Amount	$ 223,622	$ 216,958
To Be Well Capitalized Under Prompt Corrective Action Provisions, Ratio	10.00%	10.00%
Tier I Capital to Risk Weighted Assets [Abstract]
Actual, Amount	$ 284,485	$ 271,266
Actual, Ratio	12.72%	12.50%
Minimum Required Under BASEL III Fully Phased-In, Amount	$ 190,079	$ 184,415
Minimum Required Under BASEL III Fully Phased-In, Ratio	8.50%	8.50%
To Be Well Capitalized Under Prompt Corrective Action Provisions, Amount	$ 178,898	$ 173,567
To Be Well Capitalized Under Prompt Corrective Action Provisions, Ratio	8.00%	8.00%
Common Equity Tier 1 to Risk Weighted Assets [Abstract]
Actual, Amount	$ 284,485	$ 271,266
Actual, Ratio	12.72%	12.50%
Minimum Required Under BASEL III Fully Phased-In, Amount	$ 156,535	$ 151,871
Minimum Required Under BASEL III Fully Phased-In, Ratio	7.00%	7.00%
To Be Well Capitalized Under Prompt Corrective Action Provisions, Amount	$ 145,354	$ 141,023
To Be Well Capitalized Under Prompt Corrective Action Provisions, Ratio	6.50%	6.50%
Tier I Capital to Average Assets [Abstract]
Actual, Amount	$ 284,485	$ 271,266
Actual, Ratio	10.25%	10.05%
Minimum Required Under BASEL III Fully Phased-In, Amount	$ 111,098	$ 107,940
Minimum Required Under BASEL III Fully Phased-In, Ratio	4.00%	4.00%
To Be Well Capitalized Under Prompt Corrective Action Provisions, Amount	$ 138,872	$ 134,925
To Be Well Capitalized Under Prompt Corrective Action Provisions, Ratio	5.00%	5.00%

DERIVATIVES (Details) - Interest Rate Swap [Member] - Fair Value Hedging [Member] - USD ($) $ in Thousands	Sep. 30, 2019	Dec. 31, 2018
Other Liabilities [Member]
Fair value hedges included in Consolidated Balance Sheets [Abstract]
Derivative liability, notional amount	$ 10,650	$ 0
Derivative liability, fair value	514	0
Other Assets [Member]
Fair value hedges included in Consolidated Balance Sheets [Abstract]
Derivative asset, notional amount	0	10,917
Derivative asset, fair value	$ 0	$ 169

DERIVATIVES, Mortgage Banking Derivatives (Details) - Mortgage Banking [Member] - USD ($) $ in Thousands	Sep. 30, 2019	Dec. 31, 2018
Other Assets [Member]
Notional amount and fair value of mortgage banking derivatives in Consolidated Balance Sheets [Abstract]
Derivative asset, notional amount	$ 68,298	$ 46,891
Derivative asset, fair value	1,252	1,063
Other Liabilities [Member]
Notional amount and fair value of mortgage banking derivatives in Consolidated Balance Sheets [Abstract]
Derivative liability, notional amount	80,524	54,998
Derivative liability, fair value	242	672
Forward Contracts [Member] \| Other Assets [Member]
Notional amount and fair value of mortgage banking derivatives in Consolidated Balance Sheets [Abstract]
Derivative asset, notional amount	0	0
Derivative asset, fair value	0	0
Forward Contracts [Member] \| Other Liabilities [Member]
Notional amount and fair value of mortgage banking derivatives in Consolidated Balance Sheets [Abstract]
Derivative liability, notional amount	80,524	54,998
Derivative liability, fair value	242	672
Interest Rate Lock Commitments [Member] \| Other Assets [Member]
Notional amount and fair value of mortgage banking derivatives in Consolidated Balance Sheets [Abstract]
Derivative asset, notional amount	68,298	46,891
Derivative asset, fair value	1,252	1,063
Interest Rate Lock Commitments [Member] \| Other Liabilities [Member]
Notional amount and fair value of mortgage banking derivatives in Consolidated Balance Sheets [Abstract]
Derivative liability, notional amount	0	0
Derivative liability, fair value	$ 0	$ 0

EARNINGS PER SHARE (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Basic [Abstract]
Net income	$ 8,258	$ 4,913	$ 19,111	$ 23,427
Weighted average common shares outstanding - basic (in shares)	17,985,429	14,771,520	16,417,116	14,771,520
Effect of dilutive securities [Abstract]
Stock-based compensation awards (in shares)	377,604	0	160,606	0
Weighted average common shares outstanding - diluted (in shares)	18,363,033	14,771,520	16,577,722	14,771,520
Basic earnings per share (in dollars per share)	$ 0.46	$ 0.33	$ 1.16	$ 1.59
Diluted earnings per share (in dollars per share)	$ 0.45	$ 0.33	$ 1.15	$ 1.59

- Definition

The amount of net income (loss) for the period per each share of common stock or unit outstanding during the reporting period.

+ References

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+ Details

- Definition

The amount of net income (loss) for the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period.

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-Paragraph 2
-Subparagraph (SX 210.5-03(21))
-URI http://asc.fasb.org/extlink&oid=116634182&loc=SL114868664-224227

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 45
-Paragraph 60B
-Subparagraph (d)
-URI http://asc.fasb.org/extlink&oid=117326831&loc=SL5780133-109256

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 944
-SubTopic 220
-Section S99
-Paragraph 1
-Subparagraph (SX 210.7-04(19))
-URI http://asc.fasb.org/extlink&oid=116637232&loc=SL114874131-224263

+ Details

- Definition

The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.

+ References + Details

SEGMENT INFORMATION (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
SEGMENT INFORMATION (Details) - USD ($) $ in Thousands	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Financial results by reportable segments [Abstract]
Net interest income	$ 26,568	$ 24,788	$ 75,951	$ 70,945
Provision for loan loss	(420)	(3,415)	(1,903)	(5,733)
Noninterest income	14,115	13,295	39,893	37,731
Noninterest expense	(30,028)	(28,646)	(89,994)	(84,945)
Income before income taxes	10,235	6,022	23,947	17,998
Income tax (expense) benefit	(1,977)	(1,109)	(4,836)	5,429
Net income	8,258	4,913	19,111	23,427
Banking [Member] \| Operating Segments [Member]
Financial results by reportable segments [Abstract]
Net interest income	26,568	24,788	75,951	70,945
Provision for loan loss	(420)	(3,415)	(1,903)	(5,733)
Noninterest income	13,048	11,893	35,981	33,933
Noninterest expense	(29,109)	(28,429)	(87,279)	(82,332)
Income before income taxes	10,087	4,837	22,750	16,813
Income tax (expense) benefit	(1,945)	(943)	(4,674)	5,373
Net income	8,142	3,894	18,076	22,186
Insurance [Member] \| Operating Segments [Member]
Financial results by reportable segments [Abstract]
Net interest income	0	0	0	0
Provision for loan loss	0	0	0	0
Noninterest income	1,067	1,402	3,912	3,798
Noninterest expense	(919)	(217)	(2,715)	(2,613)
Income before income taxes	148	1,185	1,197	1,185
Income tax (expense) benefit	(32)	(166)	(162)	56
Net income	$ 116	$ 1,019	$ 1,035	$ 1,241

FAIR VALUE DISCLOSURES, Assets (Liabilities) Measured at Fair Value on Recurring and Non-Recurring Basis (Details) - USD ($) $ in Thousands	Sep. 30, 2019	Dec. 31, 2018
Securities available for sale [Abstract]
Securities available for sale	$ 401,335	$ 338,196
U.S. Government and Agencies [Member]
Securities available for sale [Abstract]
Securities available for sale	6,901	84,707
State and Municipal [Member]
Securities available for sale [Abstract]
Securities available for sale	41,552	32,310
Mortgage-Backed Securities [Member]
Securities available for sale [Abstract]
Securities available for sale	253,878	182,256
Collateralized Mortgage Obligations [Member]
Securities available for sale [Abstract]
Securities available for sale	60,185
Recurring [Member]
Securities available for sale [Abstract]
Asset-backed and other amortizing securities	38,819	38,923
Loans held for sale (mandatory)	38,321	31,874
Mortgage servicing rights	1,689	1,270
Asset derivatives	1,252	1,232
Liability derivatives	(756)	(672)
Recurring [Member] \| U.S. Government and Agencies [Member]
Securities available for sale [Abstract]
Securities available for sale	6,901	84,707
Recurring [Member] \| State and Municipal [Member]
Securities available for sale [Abstract]
Securities available for sale	41,552	32,310
Recurring [Member] \| Mortgage-Backed Securities [Member]
Securities available for sale [Abstract]
Securities available for sale	253,878	182,256
Recurring [Member] \| Collateralized Mortgage Obligations [Member]
Securities available for sale [Abstract]
Securities available for sale	60,185
Recurring [Member] \| Level 1 [Member]
Securities available for sale [Abstract]
Asset-backed and other amortizing securities	0	0
Loans held for sale (mandatory)	0	0
Mortgage servicing rights	0	0
Asset derivatives	0	0
Liability derivatives	0	0
Recurring [Member] \| Level 1 [Member] \| U.S. Government and Agencies [Member]
Securities available for sale [Abstract]
Securities available for sale	0	74,419
Recurring [Member] \| Level 1 [Member] \| State and Municipal [Member]
Securities available for sale [Abstract]
Securities available for sale	0	0
Recurring [Member] \| Level 1 [Member] \| Mortgage-Backed Securities [Member]
Securities available for sale [Abstract]
Securities available for sale	0	0
Recurring [Member] \| Level 1 [Member] \| Collateralized Mortgage Obligations [Member]
Securities available for sale [Abstract]
Securities available for sale	0
Recurring [Member] \| Level 2 [Member]
Securities available for sale [Abstract]
Asset-backed and other amortizing securities	38,819	38,923
Loans held for sale (mandatory)	38,321	31,874
Mortgage servicing rights	1,689	1,270
Asset derivatives	1,252	1,232
Liability derivatives	(756)	(672)
Recurring [Member] \| Level 2 [Member] \| U.S. Government and Agencies [Member]
Securities available for sale [Abstract]
Securities available for sale	6,901	10,288
Recurring [Member] \| Level 2 [Member] \| State and Municipal [Member]
Securities available for sale [Abstract]
Securities available for sale	41,552	32,310
Recurring [Member] \| Level 2 [Member] \| Mortgage-Backed Securities [Member]
Securities available for sale [Abstract]
Securities available for sale	253,878	182,256
Recurring [Member] \| Level 2 [Member] \| Collateralized Mortgage Obligations [Member]
Securities available for sale [Abstract]
Securities available for sale	60,185
Recurring [Member] \| Level 3 [Member]
Securities available for sale [Abstract]
Asset-backed and other amortizing securities	0	0
Loans held for sale (mandatory)	0	0
Mortgage servicing rights	0	0
Asset derivatives	0	0
Liability derivatives	0	0
Recurring [Member] \| Level 3 [Member] \| U.S. Government and Agencies [Member]
Securities available for sale [Abstract]
Securities available for sale	0	0
Recurring [Member] \| Level 3 [Member] \| State and Municipal [Member]
Securities available for sale [Abstract]
Securities available for sale	0	0
Recurring [Member] \| Level 3 [Member] \| Mortgage-Backed Securities [Member]
Securities available for sale [Abstract]
Securities available for sale	0	0
Recurring [Member] \| Level 3 [Member] \| Collateralized Mortgage Obligations [Member]
Securities available for sale [Abstract]
Securities available for sale	0
Nonrecurring [Member]
Assets Measured at Fair Value on a Non-Recurring Basis [Abstract]
Impaired loans	5,522	9,119
Other real estate owned	2,704	2,285
Loans held-for-sale (best efforts)	11,815	6,508
Nonrecurring [Member] \| Level 1 [Member]
Assets Measured at Fair Value on a Non-Recurring Basis [Abstract]
Impaired loans	0	0
Other real estate owned	0	0
Loans held-for-sale (best efforts)	0	0
Nonrecurring [Member] \| Level 2 [Member]
Assets Measured at Fair Value on a Non-Recurring Basis [Abstract]
Impaired loans	0	0
Other real estate owned	0	0
Loans held-for-sale (best efforts)	11,815	6,508
Nonrecurring [Member] \| Level 3 [Member]
Assets Measured at Fair Value on a Non-Recurring Basis [Abstract]
Impaired loans	5,522	9,119
Other real estate owned	2,704	2,285
Loans held-for-sale (best efforts)	$ 0	$ 0

FAIR VALUE DISCLOSURES, Quantitative Information about Non-Recurring Level 3 Fair Value Measurements (Details) - Third Party Appraisals or Inspections [Member] - Collateral Discounts and Selling Costs [Member] $ in Thousands	Sep. 30, 2019 USD ($)	Dec. 31, 2018 USD ($)
Fair Value Measurement Inputs and Valuation Techniques [Abstract]
Impaired loans	$ 5,522	$ 9,119
Other real estate owned	$ 2,704	$ 2,285
Minimum [Member]
Fair Value Measurement Inputs and Valuation Techniques [Abstract]
Impaired loans, discounts	0	0
Other real estate owned, discounts	0.15	0.15
Maximum [Member]
Fair Value Measurement Inputs and Valuation Techniques [Abstract]
Impaired loans, discounts	1	1
Other real estate owned, discounts	0.66	0.66

FAIR VALUE DISCLOSURES, Estimated Fair Values, and Related Carrying Amounts (Details) - USD ($) $ in Thousands	Sep. 30, 2019	Dec. 31, 2018
Carrying Amount [Member]
Financial assets [Abstract]
Cash and cash equivalents	$ 244,645	$ 245,989
Loans, net	1,938,433	1,934,071
Accrued interest receivable	11,675	12,957
Bank-owned life insurance	58,109	57,172
Financial liabilities [Abstract]
Deposits	2,285,974	2,277,454
Accrued interest payable	2,387	2,042
Notes payable & other borrowings	95,000	95,000
Junior subordinated deferrable interest debentures	46,393	46,393
Subordinated debt securities	26,472	34,002
Fair Value [Member]
Financial assets [Abstract]
Cash and cash equivalents	244,645	245,989
Loans, net	1,937,819	1,923,167
Accrued interest receivable	11,675	12,957
Bank-owned life insurance	58,109	57,172
Financial liabilities [Abstract]
Deposits	2,289,407	2,278,449
Accrued interest payable	2,387	2,042
Notes payable & other borrowings	95,000	95,000
Junior subordinated deferrable interest debentures	46,393	46,393
Subordinated debt securities	26,472	34,002
Level 1 [Member]
Financial assets [Abstract]
Cash and cash equivalents	244,645	245,989
Loans, net	0	0
Accrued interest receivable	0	0
Bank-owned life insurance	0	0
Financial liabilities [Abstract]
Deposits	2,008,958	1,965,925
Accrued interest payable	0	0
Notes payable & other borrowings	0	0
Junior subordinated deferrable interest debentures	0	0
Subordinated debt securities	0	0
Level 2 [Member]
Financial assets [Abstract]
Cash and cash equivalents	0	0
Loans, net	0	0
Accrued interest receivable	11,675	12,957
Bank-owned life insurance	58,109	57,172
Financial liabilities [Abstract]
Deposits	280,449	312,524
Accrued interest payable	2,387	2,042
Notes payable & other borrowings	95,000	95,000
Junior subordinated deferrable interest debentures	46,393	46,393
Subordinated debt securities	26,472	34,002
Level 3 [Member]
Financial assets [Abstract]
Cash and cash equivalents	0	0
Loans, net	1,937,819	1,923,167
Accrued interest receivable	0	0
Bank-owned life insurance	0	0
Financial liabilities [Abstract]
Deposits	0	0
Accrued interest payable	0	0
Notes payable & other borrowings	0	0
Junior subordinated deferrable interest debentures	0	0
Subordinated debt securities	$ 0	$ 0

BUSINESS COMBINATIONS (Details) - USD ($) $ in Thousands	1 Months Ended	9 Months Ended
BUSINESS COMBINATIONS (Details) - USD ($) $ in Thousands	Sep. 30, 2019	Sep. 30, 2019	Sep. 30, 2018	Dec. 31, 2018	Dec. 31, 2017
Assets Acquired and Liabilities Assumed [Abstract]
Goodwill	$ 193	$ 193		$ 0	$ 0
Cash paid		2,800	$ 0
Windmark Insurance Agency Inc. [Member] \| Crop Insurance Agency in Texas [Member]
Assets Acquired and Liabilities Assumed [Abstract]
Premises and equipment, net	8	8
Goodwill	193	193
Other intangible assets	2,309	2,309
Other assets	290	290
Total assets acquired	2,800	$ 2,800
Cash paid	$ 2,800

GOODWILL AND INTANGIBLES (Details) - USD ($) $ in Thousands	9 Months Ended	12 Months Ended
GOODWILL AND INTANGIBLES (Details) - USD ($) $ in Thousands	Sep. 30, 2019	Dec. 31, 2018
Goodwill and Other Intangible Assets [Abstract]
Beginning goodwill	$ 0	$ 0
Arising from business combinations	193	0
Ending goodwill	193	0
Amortized Intangible Assets [Abstract]
Other intangible assets, gross	509	0
Less: Accumulated amortization	(38)	0
Other intangible assets, net	2,271	0
Employment Intangibles [Member]
Amortized Intangible Assets [Abstract]
Other intangible assets, gross	$ 1,800	$ 0

SUBSEQUENT EVENTS (Details) - USD ($)			9 Months Ended
SUBSEQUENT EVENTS (Details) - USD ($)	Nov. 12, 2019	Jul. 25, 2019	Sep. 30, 2019	Sep. 30, 2018
Business Acquisition [Abstract]
Cash paid for acquisition			$ 2,800,000	$ 0
West Texas State Bank [Member]
Business Acquisition [Abstract]
Cash paid for acquisition		$ 76,100,000
Subsequent Event [Member] \| West Texas State Bank [Member]
Business Acquisition [Abstract]
Cash paid for acquisition	$ 76,100,000