Toggle SGML Header (+)


Section 1: 10-Q (10-Q)

00000001263762--12-312020Q2false00183300582020-01-012020-01-010001263762us-gaap:CommonStockMember2020-04-012020-06-300001263762us-gaap:CommonStockMember2020-01-012020-03-310001263762us-gaap:RetainedEarningsMember2020-06-300001263762us-gaap:AdditionalPaidInCapitalMember2020-06-300001263762us-gaap:AccumulatedOtherComprehensiveIncomeMember2020-06-300001263762slct:CommonStockIssuedToDeferredCompensationTrustMember2020-06-300001263762us-gaap:RetainedEarningsMember2020-03-310001263762us-gaap:DeferredCompensationShareBasedPaymentsMember2020-03-310001263762us-gaap:AdditionalPaidInCapitalMember2020-03-310001263762us-gaap:AccumulatedOtherComprehensiveIncomeMember2020-03-310001263762slct:CommonStockIssuedToDeferredCompensationTrustMember2020-03-310001263762us-gaap:RetainedEarningsMember2019-12-310001263762us-gaap:AdditionalPaidInCapitalMember2019-12-310001263762us-gaap:AccumulatedOtherComprehensiveIncomeMember2019-12-310001263762slct:CommonStockIssuedToDeferredCompensationTrustMember2019-12-310001263762us-gaap:RetainedEarningsMember2019-06-300001263762us-gaap:DeferredCompensationShareBasedPaymentsMember2019-06-300001263762us-gaap:AdditionalPaidInCapitalMember2019-06-300001263762us-gaap:AccumulatedOtherComprehensiveIncomeMember2019-06-300001263762slct:CommonStockIssuedToDeferredCompensationTrustMember2019-06-300001263762us-gaap:RetainedEarningsMember2019-03-310001263762us-gaap:DeferredCompensationShareBasedPaymentsMember2019-03-310001263762us-gaap:AdditionalPaidInCapitalMember2019-03-310001263762us-gaap:AccumulatedOtherComprehensiveIncomeMember2019-03-310001263762slct:CommonStockIssuedToDeferredCompensationTrustMember2019-03-310001263762us-gaap:RetainedEarningsMember2018-12-310001263762us-gaap:DeferredCompensationShareBasedPaymentsMember2018-12-310001263762us-gaap:AdditionalPaidInCapitalMember2018-12-310001263762us-gaap:AccumulatedOtherComprehensiveIncomeMember2018-12-310001263762slct:CommonStockIssuedToDeferredCompensationTrustMember2018-12-310001263762us-gaap:CommonStockMember2020-06-300001263762us-gaap:CommonStockMember2020-03-310001263762us-gaap:CommonStockMember2019-12-310001263762us-gaap:PreferredStockMember2019-06-300001263762us-gaap:CommonStockMember2019-06-300001263762us-gaap:PreferredStockMember2019-03-310001263762us-gaap:CommonStockMember2019-03-310001263762us-gaap:PreferredStockMember2018-12-310001263762us-gaap:CommonStockMember2018-12-310001263762us-gaap:DepositAccountMember2020-04-012020-06-300001263762us-gaap:DepositAccountMember2020-01-012020-06-300001263762us-gaap:DepositAccountMember2019-04-012019-06-300001263762us-gaap:DepositAccountMember2019-01-012019-06-300001263762us-gaap:HomeEquityMemberus-gaap:NonperformingFinancingReceivableMemberus-gaap:ResidentialPortfolioSegmentMemberus-gaap:RealEstateLoanMember2020-04-012020-06-300001263762us-gaap:CommercialRealEstateMemberus-gaap:NonperformingFinancingReceivableMemberus-gaap:CommercialPortfolioSegmentMemberus-gaap:RealEstateLoanMember2020-04-012020-06-300001263762slct:MultiFamilyResidentialRealEstateMemberus-gaap:PerformingFinancingReceivableMemberus-gaap:ConsumerPortfolioSegmentMemberus-gaap:RealEstateLoanMember2020-04-012020-06-300001263762slct:MultiFamilyResidentialRealEstateMemberus-gaap:NonperformingFinancingReceivableMemberus-gaap:ConsumerPortfolioSegmentMemberus-gaap:RealEstateLoanMember2020-04-012020-06-300001263762slct:LoansToIndividualsAndOverdraftsMemberus-gaap:NonperformingFinancingReceivableMemberus-gaap:CommercialPortfolioSegmentMemberslct:OtherLoanMember2020-04-012020-06-300001263762slct:FamilyResidentialRealEstate1To4Memberus-gaap:NonperformingFinancingReceivableMemberus-gaap:ResidentialPortfolioSegmentMemberus-gaap:RealEstateLoanMember2020-04-012020-06-300001263762slct:ConstructionLoansRealEstateMemberus-gaap:PerformingFinancingReceivableMemberus-gaap:CommercialPortfolioSegmentMemberus-gaap:RealEstateLoanMember2020-04-012020-06-300001263762slct:ConstructionLoansRealEstateMemberus-gaap:NonperformingFinancingReceivableMemberus-gaap:CommercialPortfolioSegmentMemberus-gaap:RealEstateLoanMember2020-04-012020-06-300001263762slct:CommercialAndIndustrialOtherMemberus-gaap:NonperformingFinancingReceivableMemberus-gaap:CommercialPortfolioSegmentMemberslct:OtherLoanMember2020-04-012020-06-300001263762slct:MultiFamilyResidentialRealEstateMemberus-gaap:ConsumerPortfolioSegmentMemberus-gaap:RealEstateLoanMember2020-04-012020-06-300001263762us-gaap:NonperformingFinancingReceivableMember2020-04-012020-06-300001263762us-gaap:HomeEquityMemberus-gaap:NonperformingFinancingReceivableMemberus-gaap:ResidentialPortfolioSegmentMemberus-gaap:RealEstateLoanMember2020-01-012020-06-300001263762us-gaap:CommercialRealEstateMemberus-gaap:NonperformingFinancingReceivableMemberus-gaap:CommercialPortfolioSegmentMemberus-gaap:RealEstateLoanMember2020-01-012020-06-300001263762slct:MultiFamilyResidentialRealEstateMemberus-gaap:PerformingFinancingReceivableMemberus-gaap:ConsumerPortfolioSegmentMemberus-gaap:RealEstateLoanMember2020-01-012020-06-300001263762slct:MultiFamilyResidentialRealEstateMemberus-gaap:NonperformingFinancingReceivableMemberus-gaap:ConsumerPortfolioSegmentMemberus-gaap:RealEstateLoanMember2020-01-012020-06-300001263762slct:LoansToIndividualsAndOverdraftsMemberus-gaap:NonperformingFinancingReceivableMemberus-gaap:CommercialPortfolioSegmentMemberslct:OtherLoanMember2020-01-012020-06-300001263762slct:FamilyResidentialRealEstate1To4Memberus-gaap:NonperformingFinancingReceivableMemberus-gaap:ResidentialPortfolioSegmentMemberus-gaap:RealEstateLoanMember2020-01-012020-06-300001263762slct:ConstructionLoansRealEstateMemberus-gaap:PerformingFinancingReceivableMemberus-gaap:CommercialPortfolioSegmentMemberus-gaap:RealEstateLoanMember2020-01-012020-06-300001263762slct:ConstructionLoansRealEstateMemberus-gaap:NonperformingFinancingReceivableMemberus-gaap:CommercialPortfolioSegmentMemberus-gaap:RealEstateLoanMember2020-01-012020-06-300001263762slct:CommercialAndIndustrialOtherMemberus-gaap:NonperformingFinancingReceivableMemberus-gaap:CommercialPortfolioSegmentMemberslct:OtherLoanMember2020-01-012020-06-300001263762us-gaap:NonperformingFinancingReceivableMember2020-01-012020-06-300001263762us-gaap:HomeEquityMemberus-gaap:NonperformingFinancingReceivableMemberus-gaap:ResidentialPortfolioSegmentMemberus-gaap:RealEstateLoanMember2019-04-012019-06-300001263762us-gaap:CommercialRealEstateMemberus-gaap:NonperformingFinancingReceivableMemberus-gaap:CommercialPortfolioSegmentMemberus-gaap:RealEstateLoanMember2019-04-012019-06-300001263762slct:MultiFamilyResidentialRealEstateMemberus-gaap:PerformingFinancingReceivableMemberus-gaap:ConsumerPortfolioSegmentMemberus-gaap:RealEstateLoanMember2019-04-012019-06-300001263762slct:MultiFamilyResidentialRealEstateMemberus-gaap:NonperformingFinancingReceivableMemberus-gaap:ConsumerPortfolioSegmentMemberus-gaap:RealEstateLoanMember2019-04-012019-06-300001263762slct:FamilyResidentialRealEstate1To4Memberus-gaap:NonperformingFinancingReceivableMemberus-gaap:ResidentialPortfolioSegmentMemberus-gaap:RealEstateLoanMember2019-04-012019-06-300001263762slct:ConstructionLoansRealEstateMemberus-gaap:NonperformingFinancingReceivableMemberus-gaap:CommercialPortfolioSegmentMemberus-gaap:RealEstateLoanMember2019-04-012019-06-300001263762slct:CommercialAndIndustrialOtherMemberus-gaap:NonperformingFinancingReceivableMemberus-gaap:CommercialPortfolioSegmentMemberslct:OtherLoanMember2019-04-012019-06-300001263762us-gaap:NonperformingFinancingReceivableMember2019-04-012019-06-300001263762us-gaap:HomeEquityMemberus-gaap:NonperformingFinancingReceivableMemberus-gaap:ResidentialPortfolioSegmentMemberus-gaap:RealEstateLoanMember2019-01-012019-06-300001263762us-gaap:CommercialRealEstateMemberus-gaap:NonperformingFinancingReceivableMemberus-gaap:CommercialPortfolioSegmentMemberus-gaap:RealEstateLoanMember2019-01-012019-06-300001263762slct:MultiFamilyResidentialRealEstateMemberus-gaap:PerformingFinancingReceivableMemberus-gaap:ConsumerPortfolioSegmentMemberus-gaap:RealEstateLoanMember2019-01-012019-06-300001263762slct:MultiFamilyResidentialRealEstateMemberus-gaap:NonperformingFinancingReceivableMemberus-gaap:ConsumerPortfolioSegmentMemberus-gaap:RealEstateLoanMember2019-01-012019-06-300001263762slct:FamilyResidentialRealEstate1To4Memberus-gaap:NonperformingFinancingReceivableMemberus-gaap:ResidentialPortfolioSegmentMemberus-gaap:RealEstateLoanMember2019-01-012019-06-300001263762slct:ConstructionLoansRealEstateMemberus-gaap:NonperformingFinancingReceivableMemberus-gaap:CommercialPortfolioSegmentMemberus-gaap:RealEstateLoanMember2019-01-012019-06-300001263762slct:CommercialAndIndustrialOtherMemberus-gaap:NonperformingFinancingReceivableMemberus-gaap:CommercialPortfolioSegmentMemberslct:OtherLoanMember2019-01-012019-06-300001263762us-gaap:NonperformingFinancingReceivableMember2019-01-012019-06-300001263762us-gaap:AccumulatedOtherComprehensiveIncomeMember2020-04-012020-06-300001263762us-gaap:AccumulatedOtherComprehensiveIncomeMember2020-01-012020-03-310001263762us-gaap:RetainedEarningsMember2020-04-012020-06-300001263762us-gaap:RetainedEarningsMember2020-01-012020-03-310001263762us-gaap:SubstandardMemberus-gaap:HomeEquityMemberus-gaap:ResidentialPortfolioSegmentMemberus-gaap:RealEstateLoanMember2020-06-300001263762us-gaap:SubstandardMemberus-gaap:CommercialRealEstateMemberus-gaap:CommercialPortfolioSegmentMemberus-gaap:RealEstateLoanMember2020-06-300001263762us-gaap:SubstandardMemberslct:FamilyResidentialRealEstate1To4Memberus-gaap:ResidentialPortfolioSegmentMemberus-gaap:RealEstateLoanMember2020-06-300001263762us-gaap:SubstandardMemberslct:ConstructionLoansRealEstateMemberus-gaap:CommercialPortfolioSegmentMemberus-gaap:RealEstateLoanMember2020-06-300001263762us-gaap:SubstandardMemberslct:CommercialAndIndustrialOtherMemberus-gaap:CommercialPortfolioSegmentMemberslct:OtherLoanMember2020-06-300001263762us-gaap:SpecialMentionMemberus-gaap:HomeEquityMemberus-gaap:ResidentialPortfolioSegmentMemberus-gaap:RealEstateLoanMember2020-06-300001263762us-gaap:SpecialMentionMemberus-gaap:CommercialRealEstateMemberus-gaap:CommercialPortfolioSegmentMemberus-gaap:RealEstateLoanMember2020-06-300001263762us-gaap:SpecialMentionMemberslct:LoansToIndividualsAndOverdraftsMemberus-gaap:CommercialPortfolioSegmentMemberslct:OtherLoanMember2020-06-300001263762us-gaap:SpecialMentionMemberslct:FamilyResidentialRealEstate1To4Memberus-gaap:ResidentialPortfolioSegmentMemberus-gaap:RealEstateLoanMember2020-06-300001263762us-gaap:SpecialMentionMemberslct:ConstructionLoansRealEstateMemberus-gaap:CommercialPortfolioSegmentMemberus-gaap:RealEstateLoanMember2020-06-300001263762us-gaap:SpecialMentionMemberslct:CommercialAndIndustrialOtherMemberus-gaap:CommercialPortfolioSegmentMemberslct:OtherLoanMember2020-06-300001263762us-gaap:PassMemberus-gaap:HomeEquityMemberus-gaap:ResidentialPortfolioSegmentMemberus-gaap:RealEstateLoanMember2020-06-300001263762us-gaap:PassMemberslct:LoansToIndividualsAndOverdraftsMemberus-gaap:CommercialPortfolioSegmentMemberslct:OtherLoanMember2020-06-300001263762us-gaap:PassMemberslct:FamilyResidentialRealEstate1To4Memberus-gaap:ResidentialPortfolioSegmentMemberus-gaap:RealEstateLoanMember2020-06-300001263762slct:VeryGoodMemberus-gaap:CommercialRealEstateMemberus-gaap:CommercialPortfolioSegmentMemberus-gaap:RealEstateLoanMember2020-06-300001263762slct:VeryGoodMemberslct:ConstructionLoansRealEstateMemberus-gaap:CommercialPortfolioSegmentMemberus-gaap:RealEstateLoanMember2020-06-300001263762slct:VeryGoodMemberslct:CommercialAndIndustrialOtherMemberus-gaap:CommercialPortfolioSegmentMemberslct:OtherLoanMember2020-06-300001263762slct:SuperiorMemberus-gaap:CommercialRealEstateMemberus-gaap:CommercialPortfolioSegmentMemberus-gaap:RealEstateLoanMember2020-06-300001263762slct:SuperiorMemberslct:CommercialAndIndustrialOtherMemberus-gaap:CommercialPortfolioSegmentMemberslct:OtherLoanMember2020-06-300001263762slct:GoodMemberus-gaap:CommercialRealEstateMemberus-gaap:CommercialPortfolioSegmentMemberus-gaap:RealEstateLoanMember2020-06-300001263762slct:GoodMemberslct:MultiFamilyResidentialRealEstateMemberus-gaap:ConsumerPortfolioSegmentMemberus-gaap:RealEstateLoanMember2020-06-300001263762slct:GoodMemberslct:ConstructionLoansRealEstateMemberus-gaap:CommercialPortfolioSegmentMemberus-gaap:RealEstateLoanMember2020-06-300001263762slct:GoodMemberslct:CommercialAndIndustrialOtherMemberus-gaap:CommercialPortfolioSegmentMemberslct:OtherLoanMember2020-06-300001263762slct:AcceptableWithCareMemberus-gaap:CommercialRealEstateMemberus-gaap:CommercialPortfolioSegmentMemberus-gaap:RealEstateLoanMember2020-06-300001263762slct:AcceptableWithCareMemberslct:MultiFamilyResidentialRealEstateMemberus-gaap:ConsumerPortfolioSegmentMemberus-gaap:RealEstateLoanMember2020-06-300001263762slct:AcceptableWithCareMemberslct:ConstructionLoansRealEstateMemberus-gaap:CommercialPortfolioSegmentMemberus-gaap:RealEstateLoanMember2020-06-300001263762slct:AcceptableWithCareMemberslct:CommercialAndIndustrialOtherMemberus-gaap:CommercialPortfolioSegmentMemberslct:OtherLoanMember2020-06-300001263762slct:AcceptableMemberus-gaap:CommercialRealEstateMemberus-gaap:CommercialPortfolioSegmentMemberus-gaap:RealEstateLoanMember2020-06-300001263762slct:AcceptableMemberslct:MultiFamilyResidentialRealEstateMemberus-gaap:ConsumerPortfolioSegmentMemberus-gaap:RealEstateLoanMember2020-06-300001263762slct:AcceptableMemberslct:ConstructionLoansRealEstateMemberus-gaap:CommercialPortfolioSegmentMemberus-gaap:RealEstateLoanMember2020-06-300001263762slct:AcceptableMemberslct:CommercialAndIndustrialOtherMemberus-gaap:CommercialPortfolioSegmentMemberslct:OtherLoanMember2020-06-300001263762us-gaap:SubstandardMemberus-gaap:HomeEquityMemberus-gaap:ResidentialPortfolioSegmentMemberus-gaap:RealEstateLoanMember2019-12-310001263762us-gaap:SubstandardMemberus-gaap:CommercialRealEstateMemberus-gaap:CommercialPortfolioSegmentMemberus-gaap:RealEstateLoanMember2019-12-310001263762us-gaap:SubstandardMemberslct:FamilyResidentialRealEstate1To4Memberus-gaap:ResidentialPortfolioSegmentMemberus-gaap:RealEstateLoanMember2019-12-310001263762us-gaap:SubstandardMemberslct:ConstructionLoansRealEstateMemberus-gaap:CommercialPortfolioSegmentMemberus-gaap:RealEstateLoanMember2019-12-310001263762us-gaap:SubstandardMemberslct:CommercialAndIndustrialOtherMemberus-gaap:CommercialPortfolioSegmentMemberslct:OtherLoanMember2019-12-310001263762us-gaap:SpecialMentionMemberus-gaap:HomeEquityMemberus-gaap:ResidentialPortfolioSegmentMemberus-gaap:RealEstateLoanMember2019-12-310001263762us-gaap:SpecialMentionMemberus-gaap:CommercialRealEstateMemberus-gaap:CommercialPortfolioSegmentMemberus-gaap:RealEstateLoanMember2019-12-310001263762us-gaap:SpecialMentionMemberslct:LoansToIndividualsAndOverdraftsMemberus-gaap:CommercialPortfolioSegmentMemberslct:OtherLoanMember2019-12-310001263762us-gaap:SpecialMentionMemberslct:FamilyResidentialRealEstate1To4Memberus-gaap:ResidentialPortfolioSegmentMemberus-gaap:RealEstateLoanMember2019-12-310001263762us-gaap:SpecialMentionMemberslct:ConstructionLoansRealEstateMemberus-gaap:CommercialPortfolioSegmentMemberus-gaap:RealEstateLoanMember2019-12-310001263762us-gaap:SpecialMentionMemberslct:CommercialAndIndustrialOtherMemberus-gaap:CommercialPortfolioSegmentMemberslct:OtherLoanMember2019-12-310001263762us-gaap:PassMemberus-gaap:HomeEquityMemberus-gaap:ResidentialPortfolioSegmentMemberus-gaap:RealEstateLoanMember2019-12-310001263762us-gaap:PassMemberslct:LoansToIndividualsAndOverdraftsMemberus-gaap:CommercialPortfolioSegmentMemberslct:OtherLoanMember2019-12-310001263762us-gaap:PassMemberslct:FamilyResidentialRealEstate1To4Memberus-gaap:ResidentialPortfolioSegmentMemberus-gaap:RealEstateLoanMember2019-12-310001263762slct:VeryGoodMemberus-gaap:CommercialRealEstateMemberus-gaap:CommercialPortfolioSegmentMemberus-gaap:RealEstateLoanMember2019-12-310001263762slct:VeryGoodMemberslct:ConstructionLoansRealEstateMemberus-gaap:CommercialPortfolioSegmentMemberus-gaap:RealEstateLoanMember2019-12-310001263762slct:VeryGoodMemberslct:CommercialAndIndustrialOtherMemberus-gaap:CommercialPortfolioSegmentMemberslct:OtherLoanMember2019-12-310001263762slct:SuperiorMemberus-gaap:CommercialRealEstateMemberus-gaap:CommercialPortfolioSegmentMemberus-gaap:RealEstateLoanMember2019-12-310001263762slct:SuperiorMemberslct:CommercialAndIndustrialOtherMemberus-gaap:CommercialPortfolioSegmentMemberslct:OtherLoanMember2019-12-310001263762slct:GoodMemberus-gaap:CommercialRealEstateMemberus-gaap:CommercialPortfolioSegmentMemberus-gaap:RealEstateLoanMember2019-12-310001263762slct:GoodMemberslct:MultiFamilyResidentialRealEstateMemberus-gaap:ConsumerPortfolioSegmentMemberus-gaap:RealEstateLoanMember2019-12-310001263762slct:GoodMemberslct:ConstructionLoansRealEstateMemberus-gaap:CommercialPortfolioSegmentMemberus-gaap:RealEstateLoanMember2019-12-310001263762slct:GoodMemberslct:CommercialAndIndustrialOtherMemberus-gaap:CommercialPortfolioSegmentMemberslct:OtherLoanMember2019-12-310001263762slct:AcceptableWithCareMemberus-gaap:CommercialRealEstateMemberus-gaap:CommercialPortfolioSegmentMemberus-gaap:RealEstateLoanMember2019-12-310001263762slct:AcceptableWithCareMemberslct:MultiFamilyResidentialRealEstateMemberus-gaap:ConsumerPortfolioSegmentMemberus-gaap:RealEstateLoanMember2019-12-310001263762slct:AcceptableWithCareMemberslct:ConstructionLoansRealEstateMemberus-gaap:CommercialPortfolioSegmentMemberus-gaap:RealEstateLoanMember2019-12-310001263762slct:AcceptableWithCareMemberslct:CommercialAndIndustrialOtherMemberus-gaap:CommercialPortfolioSegmentMemberslct:OtherLoanMember2019-12-310001263762slct:AcceptableMemberus-gaap:CommercialRealEstateMemberus-gaap:CommercialPortfolioSegmentMemberus-gaap:RealEstateLoanMember2019-12-310001263762slct:AcceptableMemberslct:MultiFamilyResidentialRealEstateMemberus-gaap:ConsumerPortfolioSegmentMemberus-gaap:RealEstateLoanMember2019-12-310001263762slct:AcceptableMemberslct:ConstructionLoansRealEstateMemberus-gaap:CommercialPortfolioSegmentMemberus-gaap:RealEstateLoanMember2019-12-310001263762slct:AcceptableMemberslct:CommercialAndIndustrialOtherMemberus-gaap:CommercialPortfolioSegmentMemberslct:OtherLoanMember2019-12-310001263762us-gaap:HomeEquityMemberus-gaap:PerformingFinancingReceivableMemberus-gaap:ResidentialPortfolioSegmentMemberus-gaap:RealEstateLoanMember2020-03-310001263762us-gaap:CommercialRealEstateMemberus-gaap:PerformingFinancingReceivableMemberus-gaap:CommercialPortfolioSegmentMemberus-gaap:RealEstateLoanMember2020-03-310001263762us-gaap:CommercialRealEstateMemberus-gaap:NonperformingFinancingReceivableMemberus-gaap:CommercialPortfolioSegmentMemberus-gaap:RealEstateLoanMember2020-03-310001263762slct:MultiFamilyResidentialRealEstateMemberus-gaap:PerformingFinancingReceivableMemberus-gaap:ConsumerPortfolioSegmentMemberus-gaap:RealEstateLoanMember2020-03-310001263762slct:MultiFamilyResidentialRealEstateMemberus-gaap:NonperformingFinancingReceivableMemberus-gaap:ConsumerPortfolioSegmentMemberus-gaap:RealEstateLoanMember2020-03-310001263762slct:LoansToIndividualsAndOverdraftsMemberus-gaap:PerformingFinancingReceivableMemberus-gaap:CommercialPortfolioSegmentMemberslct:OtherLoanMember2020-03-310001263762slct:FamilyResidentialRealEstate1To4Memberus-gaap:PerformingFinancingReceivableMemberus-gaap:ResidentialPortfolioSegmentMemberus-gaap:RealEstateLoanMember2020-03-310001263762slct:FamilyResidentialRealEstate1To4Memberus-gaap:NonperformingFinancingReceivableMemberus-gaap:ResidentialPortfolioSegmentMemberus-gaap:RealEstateLoanMember2020-03-310001263762slct:ConstructionLoansRealEstateMemberus-gaap:PerformingFinancingReceivableMemberus-gaap:CommercialPortfolioSegmentMemberus-gaap:RealEstateLoanMember2020-03-310001263762slct:ConstructionLoansRealEstateMemberus-gaap:NonperformingFinancingReceivableMemberus-gaap:CommercialPortfolioSegmentMemberus-gaap:RealEstateLoanMember2020-03-310001263762slct:CommercialAndIndustrialOtherMemberus-gaap:PerformingFinancingReceivableMemberus-gaap:CommercialPortfolioSegmentMemberslct:OtherLoanMember2020-03-310001263762slct:CommercialAndIndustrialOtherMemberus-gaap:NonperformingFinancingReceivableMemberus-gaap:CommercialPortfolioSegmentMemberslct:OtherLoanMember2020-03-310001263762us-gaap:HomeEquityMemberus-gaap:ResidentialPortfolioSegmentMemberus-gaap:RealEstateLoanMember2020-03-310001263762us-gaap:CommercialRealEstateMemberus-gaap:CommercialPortfolioSegmentMemberus-gaap:RealEstateLoanMember2020-03-310001263762slct:MultiFamilyResidentialRealEstateMemberus-gaap:ConsumerPortfolioSegmentMemberus-gaap:RealEstateLoanMember2020-03-310001263762slct:LoansToIndividualsAndOverdraftsMemberus-gaap:CommercialPortfolioSegmentMemberslct:OtherLoanMember2020-03-310001263762slct:FamilyResidentialRealEstate1To4Memberus-gaap:ResidentialPortfolioSegmentMemberus-gaap:RealEstateLoanMember2020-03-310001263762slct:ConstructionLoansRealEstateMemberus-gaap:CommercialPortfolioSegmentMemberus-gaap:RealEstateLoanMember2020-03-310001263762slct:CommercialAndIndustrialOtherMemberus-gaap:CommercialPortfolioSegmentMemberslct:OtherLoanMember2020-03-310001263762us-gaap:PerformingFinancingReceivableMember2020-03-310001263762us-gaap:NonperformingFinancingReceivableMember2020-03-310001263762us-gaap:HomeEquityMemberus-gaap:PerformingFinancingReceivableMemberus-gaap:ResidentialPortfolioSegmentMemberus-gaap:RealEstateLoanMember2019-12-310001263762us-gaap:CommercialRealEstateMemberus-gaap:PerformingFinancingReceivableMemberus-gaap:CommercialPortfolioSegmentMemberus-gaap:RealEstateLoanMember2019-12-310001263762us-gaap:CommercialRealEstateMemberus-gaap:NonperformingFinancingReceivableMemberus-gaap:CommercialPortfolioSegmentMemberus-gaap:RealEstateLoanMember2019-12-310001263762slct:MultiFamilyResidentialRealEstateMemberus-gaap:PerformingFinancingReceivableMemberus-gaap:ConsumerPortfolioSegmentMemberus-gaap:RealEstateLoanMember2019-12-310001263762slct:MultiFamilyResidentialRealEstateMemberus-gaap:NonperformingFinancingReceivableMemberus-gaap:ConsumerPortfolioSegmentMemberus-gaap:RealEstateLoanMember2019-12-310001263762slct:LoansToIndividualsAndOverdraftsMemberus-gaap:PerformingFinancingReceivableMemberus-gaap:CommercialPortfolioSegmentMemberslct:OtherLoanMember2019-12-310001263762slct:FamilyResidentialRealEstate1To4Memberus-gaap:PerformingFinancingReceivableMemberus-gaap:ResidentialPortfolioSegmentMemberus-gaap:RealEstateLoanMember2019-12-310001263762slct:FamilyResidentialRealEstate1To4Memberus-gaap:NonperformingFinancingReceivableMemberus-gaap:ResidentialPortfolioSegmentMemberus-gaap:RealEstateLoanMember2019-12-310001263762slct:ConstructionLoansRealEstateMemberus-gaap:PerformingFinancingReceivableMemberus-gaap:CommercialPortfolioSegmentMemberus-gaap:RealEstateLoanMember2019-12-310001263762slct:ConstructionLoansRealEstateMemberus-gaap:NonperformingFinancingReceivableMemberus-gaap:CommercialPortfolioSegmentMemberus-gaap:RealEstateLoanMember2019-12-310001263762slct:CommercialAndIndustrialOtherMemberus-gaap:PerformingFinancingReceivableMemberus-gaap:CommercialPortfolioSegmentMemberslct:OtherLoanMember2019-12-310001263762slct:CommercialAndIndustrialOtherMemberus-gaap:NonperformingFinancingReceivableMemberus-gaap:CommercialPortfolioSegmentMemberslct:OtherLoanMember2019-12-310001263762us-gaap:PerformingFinancingReceivableMember2019-12-310001263762us-gaap:NonperformingFinancingReceivableMember2019-12-310001263762us-gaap:HomeEquityMemberus-gaap:PerformingFinancingReceivableMemberus-gaap:ResidentialPortfolioSegmentMemberus-gaap:RealEstateLoanMember2019-03-310001263762us-gaap:HomeEquityMemberus-gaap:NonperformingFinancingReceivableMemberus-gaap:ResidentialPortfolioSegmentMemberus-gaap:RealEstateLoanMember2019-03-310001263762us-gaap:CommercialRealEstateMemberus-gaap:PerformingFinancingReceivableMemberus-gaap:CommercialPortfolioSegmentMemberus-gaap:RealEstateLoanMember2019-03-310001263762us-gaap:CommercialRealEstateMemberus-gaap:NonperformingFinancingReceivableMemberus-gaap:CommercialPortfolioSegmentMemberus-gaap:RealEstateLoanMember2019-03-310001263762slct:MultiFamilyResidentialRealEstateMemberus-gaap:PerformingFinancingReceivableMemberus-gaap:ConsumerPortfolioSegmentMemberus-gaap:RealEstateLoanMember2019-03-310001263762slct:MultiFamilyResidentialRealEstateMemberus-gaap:NonperformingFinancingReceivableMemberus-gaap:ConsumerPortfolioSegmentMemberus-gaap:RealEstateLoanMember2019-03-310001263762slct:LoansToIndividualsAndOverdraftsMemberus-gaap:PerformingFinancingReceivableMemberus-gaap:CommercialPortfolioSegmentMemberslct:OtherLoanMember2019-03-310001263762slct:FamilyResidentialRealEstate1To4Memberus-gaap:PerformingFinancingReceivableMemberus-gaap:ResidentialPortfolioSegmentMemberus-gaap:RealEstateLoanMember2019-03-310001263762slct:FamilyResidentialRealEstate1To4Memberus-gaap:NonperformingFinancingReceivableMemberus-gaap:ResidentialPortfolioSegmentMemberus-gaap:RealEstateLoanMember2019-03-310001263762slct:ConstructionLoansRealEstateMemberus-gaap:PerformingFinancingReceivableMemberus-gaap:CommercialPortfolioSegmentMemberus-gaap:RealEstateLoanMember2019-03-310001263762slct:ConstructionLoansRealEstateMemberus-gaap:NonperformingFinancingReceivableMemberus-gaap:CommercialPortfolioSegmentMemberus-gaap:RealEstateLoanMember2019-03-310001263762slct:CommercialAndIndustrialOtherMemberus-gaap:PerformingFinancingReceivableMemberus-gaap:CommercialPortfolioSegmentMemberslct:OtherLoanMember2019-03-310001263762slct:CommercialAndIndustrialOtherMemberus-gaap:NonperformingFinancingReceivableMemberus-gaap:CommercialPortfolioSegmentMemberslct:OtherLoanMember2019-03-310001263762us-gaap:HomeEquityMemberus-gaap:ResidentialPortfolioSegmentMemberus-gaap:RealEstateLoanMember2019-03-310001263762us-gaap:CommercialRealEstateMemberus-gaap:CommercialPortfolioSegmentMemberus-gaap:RealEstateLoanMember2019-03-310001263762slct:MultiFamilyResidentialRealEstateMemberus-gaap:ConsumerPortfolioSegmentMemberus-gaap:RealEstateLoanMember2019-03-310001263762slct:LoansToIndividualsAndOverdraftsMemberus-gaap:CommercialPortfolioSegmentMemberslct:OtherLoanMember2019-03-310001263762slct:FamilyResidentialRealEstate1To4Memberus-gaap:ResidentialPortfolioSegmentMemberus-gaap:RealEstateLoanMember2019-03-310001263762slct:ConstructionLoansRealEstateMemberus-gaap:CommercialPortfolioSegmentMemberus-gaap:RealEstateLoanMember2019-03-310001263762slct:CommercialAndIndustrialOtherMemberus-gaap:CommercialPortfolioSegmentMemberslct:OtherLoanMember2019-03-310001263762us-gaap:PerformingFinancingReceivableMember2019-03-310001263762us-gaap:NonperformingFinancingReceivableMember2019-03-310001263762us-gaap:HomeEquityMemberus-gaap:PerformingFinancingReceivableMemberus-gaap:ResidentialPortfolioSegmentMemberus-gaap:RealEstateLoanMember2018-12-310001263762us-gaap:CommercialRealEstateMemberus-gaap:PerformingFinancingReceivableMemberus-gaap:CommercialPortfolioSegmentMemberus-gaap:RealEstateLoanMember2018-12-310001263762us-gaap:CommercialRealEstateMemberus-gaap:NonperformingFinancingReceivableMemberus-gaap:CommercialPortfolioSegmentMemberus-gaap:RealEstateLoanMember2018-12-310001263762slct:MultiFamilyResidentialRealEstateMemberus-gaap:PerformingFinancingReceivableMemberus-gaap:ConsumerPortfolioSegmentMemberus-gaap:RealEstateLoanMember2018-12-310001263762slct:LoansToIndividualsAndOverdraftsMemberus-gaap:PerformingFinancingReceivableMemberus-gaap:CommercialPortfolioSegmentMemberslct:OtherLoanMember2018-12-310001263762slct:FamilyResidentialRealEstate1To4Memberus-gaap:PerformingFinancingReceivableMemberus-gaap:ResidentialPortfolioSegmentMemberus-gaap:RealEstateLoanMember2018-12-310001263762slct:FamilyResidentialRealEstate1To4Memberus-gaap:NonperformingFinancingReceivableMemberus-gaap:ResidentialPortfolioSegmentMemberus-gaap:RealEstateLoanMember2018-12-310001263762slct:ConstructionLoansRealEstateMemberus-gaap:PerformingFinancingReceivableMemberus-gaap:CommercialPortfolioSegmentMemberus-gaap:RealEstateLoanMember2018-12-310001263762slct:CommercialAndIndustrialOtherMemberus-gaap:PerformingFinancingReceivableMemberus-gaap:CommercialPortfolioSegmentMemberslct:OtherLoanMember2018-12-310001263762slct:CommercialAndIndustrialOtherMemberus-gaap:NonperformingFinancingReceivableMemberus-gaap:CommercialPortfolioSegmentMemberslct:OtherLoanMember2018-12-310001263762us-gaap:HomeEquityMemberus-gaap:ResidentialPortfolioSegmentMemberus-gaap:RealEstateLoanMember2018-12-310001263762us-gaap:CommercialRealEstateMemberus-gaap:CommercialPortfolioSegmentMemberus-gaap:RealEstateLoanMember2018-12-310001263762slct:MultiFamilyResidentialRealEstateMemberus-gaap:ConsumerPortfolioSegmentMemberus-gaap:RealEstateLoanMember2018-12-310001263762slct:LoansToIndividualsAndOverdraftsMemberus-gaap:CommercialPortfolioSegmentMemberslct:OtherLoanMember2018-12-310001263762slct:FamilyResidentialRealEstate1To4Memberus-gaap:ResidentialPortfolioSegmentMemberus-gaap:RealEstateLoanMember2018-12-310001263762slct:ConstructionLoansRealEstateMemberus-gaap:CommercialPortfolioSegmentMemberus-gaap:RealEstateLoanMember2018-12-310001263762slct:CommercialAndIndustrialOtherMemberus-gaap:CommercialPortfolioSegmentMemberslct:OtherLoanMember2018-12-310001263762us-gaap:PerformingFinancingReceivableMember2018-12-310001263762us-gaap:NonperformingFinancingReceivableMember2018-12-310001263762us-gaap:UnusedLinesOfCreditMember2020-01-012020-06-300001263762slct:MultiFamilyResidentialRealEstateMemberus-gaap:ConsumerPortfolioSegmentMemberus-gaap:RealEstateLoanMember2020-01-012020-06-300001263762slct:MultiFamilyResidentialRealEstateMemberus-gaap:ConsumerPortfolioSegmentMemberus-gaap:RealEstateLoanMember2019-04-012019-06-300001263762slct:MultiFamilyResidentialRealEstateMemberus-gaap:ConsumerPortfolioSegmentMemberus-gaap:RealEstateLoanMember2019-01-012019-06-300001263762us-gaap:ResidentialPortfolioSegmentMember2020-06-300001263762us-gaap:ConsumerPortfolioSegmentMember2020-06-300001263762us-gaap:CommercialPortfolioSegmentMember2020-06-300001263762slct:TroubledDebtRestructuringsMember2020-06-300001263762slct:TroubledDebtRestructuringNonaccrualStatusMember2020-06-300001263762slct:TroubledDebtRestructuringAccrualStatusMember2020-06-300001263762slct:NonaccrualImpairedLoansMember2020-06-300001263762slct:AccrualImpairedLoansMember2020-06-300001263762us-gaap:ResidentialPortfolioSegmentMember2019-12-310001263762us-gaap:ConsumerPortfolioSegmentMember2019-12-310001263762us-gaap:CommercialPortfolioSegmentMember2019-12-310001263762slct:NonaccrualImpairedLoansMember2019-12-310001263762slct:AccrualImpairedLoansMember2019-12-310001263762slct:TroubledDebtRestructuringsMember2019-06-300001263762slct:TroubledDebtRestructuringNonaccrualStatusMember2019-06-300001263762slct:TroubledDebtRestructuringAccrualStatusMember2019-06-300001263762us-gaap:ResidentialPortfolioSegmentMember2020-04-012020-06-300001263762us-gaap:ConsumerPortfolioSegmentMember2020-04-012020-06-300001263762us-gaap:CommercialPortfolioSegmentMember2020-04-012020-06-300001263762us-gaap:ResidentialPortfolioSegmentMember2020-01-012020-06-300001263762us-gaap:ConsumerPortfolioSegmentMember2020-01-012020-06-300001263762us-gaap:CommercialPortfolioSegmentMember2020-01-012020-06-300001263762us-gaap:ResidentialPortfolioSegmentMember2019-04-012019-06-300001263762us-gaap:ConsumerPortfolioSegmentMember2019-04-012019-06-300001263762us-gaap:CommercialPortfolioSegmentMember2019-04-012019-06-300001263762us-gaap:ResidentialPortfolioSegmentMember2019-01-012019-06-300001263762us-gaap:ConsumerPortfolioSegmentMember2019-01-012019-06-300001263762us-gaap:CommercialPortfolioSegmentMember2019-01-012019-06-300001263762us-gaap:HomeEquityMemberus-gaap:ResidentialPortfolioSegmentMemberus-gaap:RealEstateLoanMemberus-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMember2020-06-300001263762us-gaap:HomeEquityMemberus-gaap:ResidentialPortfolioSegmentMemberus-gaap:RealEstateLoanMemberus-gaap:FinancingReceivables60To89DaysPastDueMember2020-06-300001263762us-gaap:HomeEquityMemberus-gaap:ResidentialPortfolioSegmentMemberus-gaap:RealEstateLoanMemberus-gaap:FinancingReceivables30To59DaysPastDueMember2020-06-300001263762us-gaap:CommercialRealEstateMemberus-gaap:CommercialPortfolioSegmentMemberus-gaap:RealEstateLoanMemberus-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMember2020-06-300001263762us-gaap:CommercialRealEstateMemberus-gaap:CommercialPortfolioSegmentMemberus-gaap:RealEstateLoanMemberus-gaap:FinancingReceivables60To89DaysPastDueMember2020-06-300001263762us-gaap:CommercialRealEstateMemberus-gaap:CommercialPortfolioSegmentMemberus-gaap:RealEstateLoanMemberus-gaap:FinancingReceivables30To59DaysPastDueMember2020-06-300001263762slct:MultiFamilyResidentialRealEstateMemberus-gaap:ConsumerPortfolioSegmentMemberus-gaap:RealEstateLoanMemberus-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMember2020-06-300001263762slct:MultiFamilyResidentialRealEstateMemberus-gaap:ConsumerPortfolioSegmentMemberus-gaap:RealEstateLoanMemberus-gaap:FinancingReceivables60To89DaysPastDueMember2020-06-300001263762slct:MultiFamilyResidentialRealEstateMemberus-gaap:ConsumerPortfolioSegmentMemberus-gaap:RealEstateLoanMemberus-gaap:FinancingReceivables30To59DaysPastDueMember2020-06-300001263762slct:LoansToIndividualsAndOverdraftsMemberus-gaap:CommercialPortfolioSegmentMemberslct:OtherLoanMemberus-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMember2020-06-300001263762slct:LoansToIndividualsAndOverdraftsMemberus-gaap:CommercialPortfolioSegmentMemberslct:OtherLoanMemberus-gaap:FinancingReceivables60To89DaysPastDueMember2020-06-300001263762slct:LoansToIndividualsAndOverdraftsMemberus-gaap:CommercialPortfolioSegmentMemberslct:OtherLoanMemberus-gaap:FinancingReceivables30To59DaysPastDueMember2020-06-300001263762slct:FamilyResidentialRealEstate1To4Memberus-gaap:ResidentialPortfolioSegmentMemberus-gaap:RealEstateLoanMemberus-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMember2020-06-300001263762slct:FamilyResidentialRealEstate1To4Memberus-gaap:ResidentialPortfolioSegmentMemberus-gaap:RealEstateLoanMemberus-gaap:FinancingReceivables60To89DaysPastDueMember2020-06-300001263762slct:FamilyResidentialRealEstate1To4Memberus-gaap:ResidentialPortfolioSegmentMemberus-gaap:RealEstateLoanMemberus-gaap:FinancingReceivables30To59DaysPastDueMember2020-06-300001263762slct:ConstructionLoansRealEstateMemberus-gaap:CommercialPortfolioSegmentMemberus-gaap:RealEstateLoanMemberus-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMember2020-06-300001263762slct:ConstructionLoansRealEstateMemberus-gaap:CommercialPortfolioSegmentMemberus-gaap:RealEstateLoanMemberus-gaap:FinancingReceivables60To89DaysPastDueMember2020-06-300001263762slct:ConstructionLoansRealEstateMemberus-gaap:CommercialPortfolioSegmentMemberus-gaap:RealEstateLoanMemberus-gaap:FinancingReceivables30To59DaysPastDueMember2020-06-300001263762slct:CommercialAndIndustrialOtherMemberus-gaap:CommercialPortfolioSegmentMemberslct:OtherLoanMemberus-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMember2020-06-300001263762slct:CommercialAndIndustrialOtherMemberus-gaap:CommercialPortfolioSegmentMemberslct:OtherLoanMemberus-gaap:FinancingReceivables60To89DaysPastDueMember2020-06-300001263762slct:CommercialAndIndustrialOtherMemberus-gaap:CommercialPortfolioSegmentMemberslct:OtherLoanMemberus-gaap:FinancingReceivables30To59DaysPastDueMember2020-06-300001263762us-gaap:UnallocatedFinancingReceivablesMemberus-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMember2020-06-300001263762us-gaap:UnallocatedFinancingReceivablesMemberus-gaap:FinancingReceivables60To89DaysPastDueMember2020-06-300001263762us-gaap:UnallocatedFinancingReceivablesMemberus-gaap:FinancingReceivables30To59DaysPastDueMember2020-06-300001263762us-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMember2020-06-300001263762us-gaap:FinancingReceivables60To89DaysPastDueMember2020-06-300001263762us-gaap:FinancingReceivables30To59DaysPastDueMember2020-06-300001263762us-gaap:HomeEquityMemberus-gaap:ResidentialPortfolioSegmentMemberus-gaap:RealEstateLoanMemberus-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMember2019-12-310001263762us-gaap:HomeEquityMemberus-gaap:ResidentialPortfolioSegmentMemberus-gaap:RealEstateLoanMemberus-gaap:FinancingReceivables60To89DaysPastDueMember2019-12-310001263762us-gaap:HomeEquityMemberus-gaap:ResidentialPortfolioSegmentMemberus-gaap:RealEstateLoanMemberus-gaap:FinancingReceivables30To59DaysPastDueMember2019-12-310001263762us-gaap:CommercialRealEstateMemberus-gaap:CommercialPortfolioSegmentMemberus-gaap:RealEstateLoanMemberus-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMember2019-12-310001263762us-gaap:CommercialRealEstateMemberus-gaap:CommercialPortfolioSegmentMemberus-gaap:RealEstateLoanMemberus-gaap:FinancingReceivables60To89DaysPastDueMember2019-12-310001263762us-gaap:CommercialRealEstateMemberus-gaap:CommercialPortfolioSegmentMemberus-gaap:RealEstateLoanMemberus-gaap:FinancingReceivables30To59DaysPastDueMember2019-12-310001263762slct:MultiFamilyResidentialRealEstateMemberus-gaap:ConsumerPortfolioSegmentMemberus-gaap:RealEstateLoanMemberus-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMember2019-12-310001263762slct:MultiFamilyResidentialRealEstateMemberus-gaap:ConsumerPortfolioSegmentMemberus-gaap:RealEstateLoanMemberus-gaap:FinancingReceivables60To89DaysPastDueMember2019-12-310001263762slct:MultiFamilyResidentialRealEstateMemberus-gaap:ConsumerPortfolioSegmentMemberus-gaap:RealEstateLoanMemberus-gaap:FinancingReceivables30To59DaysPastDueMember2019-12-310001263762slct:LoansToIndividualsAndOverdraftsMemberus-gaap:CommercialPortfolioSegmentMemberslct:OtherLoanMemberus-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMember2019-12-310001263762slct:LoansToIndividualsAndOverdraftsMemberus-gaap:CommercialPortfolioSegmentMemberslct:OtherLoanMemberus-gaap:FinancingReceivables60To89DaysPastDueMember2019-12-310001263762slct:LoansToIndividualsAndOverdraftsMemberus-gaap:CommercialPortfolioSegmentMemberslct:OtherLoanMemberus-gaap:FinancingReceivables30To59DaysPastDueMember2019-12-310001263762slct:FamilyResidentialRealEstate1To4Memberus-gaap:ResidentialPortfolioSegmentMemberus-gaap:RealEstateLoanMemberus-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMember2019-12-310001263762slct:FamilyResidentialRealEstate1To4Memberus-gaap:ResidentialPortfolioSegmentMemberus-gaap:RealEstateLoanMemberus-gaap:FinancingReceivables60To89DaysPastDueMember2019-12-310001263762slct:FamilyResidentialRealEstate1To4Memberus-gaap:ResidentialPortfolioSegmentMemberus-gaap:RealEstateLoanMemberus-gaap:FinancingReceivables30To59DaysPastDueMember2019-12-310001263762slct:ConstructionLoansRealEstateMemberus-gaap:CommercialPortfolioSegmentMemberus-gaap:RealEstateLoanMemberus-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMember2019-12-310001263762slct:ConstructionLoansRealEstateMemberus-gaap:CommercialPortfolioSegmentMemberus-gaap:RealEstateLoanMemberus-gaap:FinancingReceivables60To89DaysPastDueMember2019-12-310001263762slct:ConstructionLoansRealEstateMemberus-gaap:CommercialPortfolioSegmentMemberus-gaap:RealEstateLoanMemberus-gaap:FinancingReceivables30To59DaysPastDueMember2019-12-310001263762slct:CommercialAndIndustrialOtherMemberus-gaap:CommercialPortfolioSegmentMemberslct:OtherLoanMemberus-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMember2019-12-310001263762slct:CommercialAndIndustrialOtherMemberus-gaap:CommercialPortfolioSegmentMemberslct:OtherLoanMemberus-gaap:FinancingReceivables60To89DaysPastDueMember2019-12-310001263762slct:CommercialAndIndustrialOtherMemberus-gaap:CommercialPortfolioSegmentMemberslct:OtherLoanMemberus-gaap:FinancingReceivables30To59DaysPastDueMember2019-12-310001263762us-gaap:UnallocatedFinancingReceivablesMemberus-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMember2019-12-310001263762us-gaap:UnallocatedFinancingReceivablesMemberus-gaap:FinancingReceivables60To89DaysPastDueMember2019-12-310001263762us-gaap:UnallocatedFinancingReceivablesMemberus-gaap:FinancingReceivables30To59DaysPastDueMember2019-12-310001263762us-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMember2019-12-310001263762us-gaap:FinancingReceivables60To89DaysPastDueMember2019-12-310001263762us-gaap:FinancingReceivables30To59DaysPastDueMember2019-12-310001263762us-gaap:HomeEquityMemberus-gaap:ResidentialPortfolioSegmentMemberus-gaap:RealEstateLoanMember2019-12-310001263762slct:LoansToIndividualsAndOverdraftsMemberus-gaap:CommercialPortfolioSegmentMemberslct:OtherLoanMember2019-12-310001263762slct:ConstructionLoansRealEstateMemberus-gaap:CommercialPortfolioSegmentMemberus-gaap:RealEstateLoanMember2020-04-012020-06-300001263762slct:ConstructionLoansRealEstateMemberus-gaap:CommercialPortfolioSegmentMemberus-gaap:RealEstateLoanMember2020-01-012020-06-300001263762us-gaap:HomeEquityMemberus-gaap:PerformingFinancingReceivableMemberus-gaap:ResidentialPortfolioSegmentMemberus-gaap:RealEstateLoanMember2020-06-300001263762us-gaap:HomeEquityMemberus-gaap:NonperformingFinancingReceivableMemberus-gaap:ResidentialPortfolioSegmentMemberus-gaap:RealEstateLoanMember2020-06-300001263762us-gaap:CommercialRealEstateMemberus-gaap:PerformingFinancingReceivableMemberus-gaap:CommercialPortfolioSegmentMemberus-gaap:RealEstateLoanMember2020-06-300001263762us-gaap:CommercialRealEstateMemberus-gaap:NonperformingFinancingReceivableMemberus-gaap:CommercialPortfolioSegmentMemberus-gaap:RealEstateLoanMember2020-06-300001263762slct:MultiFamilyResidentialRealEstateMemberus-gaap:PerformingFinancingReceivableMemberus-gaap:ConsumerPortfolioSegmentMemberus-gaap:RealEstateLoanMember2020-06-300001263762slct:MultiFamilyResidentialRealEstateMemberus-gaap:NonperformingFinancingReceivableMemberus-gaap:ConsumerPortfolioSegmentMemberus-gaap:RealEstateLoanMember2020-06-300001263762slct:LoansToIndividualsAndOverdraftsMemberus-gaap:PerformingFinancingReceivableMemberus-gaap:CommercialPortfolioSegmentMemberslct:OtherLoanMember2020-06-300001263762slct:LoansToIndividualsAndOverdraftsMemberus-gaap:NonperformingFinancingReceivableMemberus-gaap:CommercialPortfolioSegmentMemberslct:OtherLoanMember2020-06-300001263762slct:FamilyResidentialRealEstate1To4Memberus-gaap:PerformingFinancingReceivableMemberus-gaap:ResidentialPortfolioSegmentMemberus-gaap:RealEstateLoanMember2020-06-300001263762slct:FamilyResidentialRealEstate1To4Memberus-gaap:NonperformingFinancingReceivableMemberus-gaap:ResidentialPortfolioSegmentMemberus-gaap:RealEstateLoanMember2020-06-300001263762slct:ConstructionLoansRealEstateMemberus-gaap:PerformingFinancingReceivableMemberus-gaap:CommercialPortfolioSegmentMemberus-gaap:RealEstateLoanMember2020-06-300001263762slct:ConstructionLoansRealEstateMemberus-gaap:NonperformingFinancingReceivableMemberus-gaap:CommercialPortfolioSegmentMemberus-gaap:RealEstateLoanMember2020-06-300001263762slct:CommercialAndIndustrialOtherMemberus-gaap:PerformingFinancingReceivableMemberus-gaap:CommercialPortfolioSegmentMemberslct:OtherLoanMember2020-06-300001263762slct:CommercialAndIndustrialOtherMemberus-gaap:NonperformingFinancingReceivableMemberus-gaap:CommercialPortfolioSegmentMemberslct:OtherLoanMember2020-06-300001263762us-gaap:PerformingFinancingReceivableMember2020-06-300001263762us-gaap:NonperformingFinancingReceivableMember2020-06-300001263762us-gaap:HomeEquityMemberus-gaap:PerformingFinancingReceivableMemberus-gaap:ResidentialPortfolioSegmentMemberus-gaap:RealEstateLoanMember2019-06-300001263762us-gaap:HomeEquityMemberus-gaap:NonperformingFinancingReceivableMemberus-gaap:ResidentialPortfolioSegmentMemberus-gaap:RealEstateLoanMember2019-06-300001263762us-gaap:CommercialRealEstateMemberus-gaap:PerformingFinancingReceivableMemberus-gaap:CommercialPortfolioSegmentMemberus-gaap:RealEstateLoanMember2019-06-300001263762us-gaap:CommercialRealEstateMemberus-gaap:NonperformingFinancingReceivableMemberus-gaap:CommercialPortfolioSegmentMemberus-gaap:RealEstateLoanMember2019-06-300001263762slct:MultiFamilyResidentialRealEstateMemberus-gaap:PerformingFinancingReceivableMemberus-gaap:ConsumerPortfolioSegmentMemberus-gaap:RealEstateLoanMember2019-06-300001263762slct:MultiFamilyResidentialRealEstateMemberus-gaap:NonperformingFinancingReceivableMemberus-gaap:ConsumerPortfolioSegmentMemberus-gaap:RealEstateLoanMember2019-06-300001263762slct:LoansToIndividualsAndOverdraftsMemberus-gaap:PerformingFinancingReceivableMemberus-gaap:CommercialPortfolioSegmentMemberslct:OtherLoanMember2019-06-300001263762slct:FamilyResidentialRealEstate1To4Memberus-gaap:PerformingFinancingReceivableMemberus-gaap:ResidentialPortfolioSegmentMemberus-gaap:RealEstateLoanMember2019-06-300001263762slct:FamilyResidentialRealEstate1To4Memberus-gaap:NonperformingFinancingReceivableMemberus-gaap:ResidentialPortfolioSegmentMemberus-gaap:RealEstateLoanMember2019-06-300001263762slct:ConstructionLoansRealEstateMemberus-gaap:PerformingFinancingReceivableMemberus-gaap:CommercialPortfolioSegmentMemberus-gaap:RealEstateLoanMember2019-06-300001263762slct:ConstructionLoansRealEstateMemberus-gaap:NonperformingFinancingReceivableMemberus-gaap:CommercialPortfolioSegmentMemberus-gaap:RealEstateLoanMember2019-06-300001263762slct:CommercialAndIndustrialOtherMemberus-gaap:PerformingFinancingReceivableMemberus-gaap:CommercialPortfolioSegmentMemberslct:OtherLoanMember2019-06-300001263762slct:CommercialAndIndustrialOtherMemberus-gaap:NonperformingFinancingReceivableMemberus-gaap:CommercialPortfolioSegmentMemberslct:OtherLoanMember2019-06-300001263762us-gaap:PerformingFinancingReceivableMember2019-06-300001263762us-gaap:NonperformingFinancingReceivableMember2019-06-300001263762us-gaap:FairValueInputsLevel3Member2020-06-300001263762us-gaap:FairValueInputsLevel3Member2019-12-310001263762us-gaap:UnallocatedFinancingReceivablesMember2020-06-300001263762us-gaap:UnallocatedFinancingReceivablesMember2019-12-310001263762us-gaap:CorporateDebtSecuritiesMember2020-06-300001263762slct:TemporarilyImpairedSecuritiesMember2020-06-300001263762us-gaap:USGovernmentAgenciesDebtSecuritiesMember2019-06-300001263762us-gaap:MortgageBackedSecuritiesIssuedByUSGovernmentSponsoredEnterprisesMember2019-06-300001263762slct:TemporarilyImpairedSecuritiesMember2019-06-300001263762us-gaap:DeferredCompensationShareBasedPaymentsMember2020-06-300001263762us-gaap:DeferredCompensationShareBasedPaymentsMember2019-12-310001263762us-gaap:AccountingStandardsUpdate201813Member2020-06-300001263762us-gaap:AccountingStandardsUpdate201704Member2020-06-300001263762us-gaap:AccountingStandardsUpdate201613Member2020-06-3000012637622020-03-3100012637622019-03-3100012637622018-12-310001263762us-gaap:FairValueInputsLevel1Member2020-06-300001263762us-gaap:FairValueInputsLevel1Member2019-12-310001263762us-gaap:FairValueInputsLevel2Member2020-06-300001263762us-gaap:EstimateOfFairValueFairValueDisclosureMember2020-06-300001263762us-gaap:FairValueInputsLevel2Member2019-12-310001263762us-gaap:EstimateOfFairValueFairValueDisclosureMember2019-12-310001263762us-gaap:FairValueInputsLevel2Memberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:USGovernmentAgenciesDebtSecuritiesMember2020-06-300001263762us-gaap:FairValueInputsLevel2Memberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:MunicipalBondsMember2020-06-300001263762us-gaap:FairValueInputsLevel2Memberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:MortgageBackedSecuritiesIssuedByUSGovernmentSponsoredEnterprisesMember2020-06-300001263762us-gaap:FairValueInputsLevel2Memberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:CorporateDebtSecuritiesMember2020-06-300001263762us-gaap:FairValueMeasurementsRecurringMemberus-gaap:USGovernmentAgenciesDebtSecuritiesMember2020-06-300001263762us-gaap:FairValueMeasurementsRecurringMemberus-gaap:MunicipalBondsMember2020-06-300001263762us-gaap:FairValueMeasurementsRecurringMemberus-gaap:MortgageBackedSecuritiesIssuedByUSGovernmentSponsoredEnterprisesMember2020-06-300001263762us-gaap:FairValueMeasurementsRecurringMemberus-gaap:CorporateDebtSecuritiesMember2020-06-300001263762us-gaap:FairValueInputsLevel2Memberus-gaap:FairValueMeasurementsRecurringMember2020-06-300001263762us-gaap:FairValueMeasurementsRecurringMember2020-06-300001263762us-gaap:FairValueInputsLevel2Memberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:USGovernmentAgenciesDebtSecuritiesMember2019-06-300001263762us-gaap:FairValueInputsLevel2Memberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:MunicipalBondsMember2019-06-300001263762us-gaap:FairValueInputsLevel2Memberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:MortgageBackedSecuritiesIssuedByUSGovernmentSponsoredEnterprisesMember2019-06-300001263762us-gaap:FairValueInputsLevel2Memberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:CorporateDebtSecuritiesMember2019-06-300001263762us-gaap:FairValueMeasurementsRecurringMemberus-gaap:USGovernmentAgenciesDebtSecuritiesMember2019-06-300001263762us-gaap:FairValueMeasurementsRecurringMemberus-gaap:MunicipalBondsMember2019-06-300001263762us-gaap:FairValueMeasurementsRecurringMemberus-gaap:MortgageBackedSecuritiesIssuedByUSGovernmentSponsoredEnterprisesMember2019-06-300001263762us-gaap:FairValueMeasurementsRecurringMemberus-gaap:CorporateDebtSecuritiesMember2019-06-300001263762us-gaap:FairValueInputsLevel2Memberus-gaap:FairValueMeasurementsRecurringMember2019-06-300001263762us-gaap:FairValueMeasurementsRecurringMember2019-06-300001263762us-gaap:USGovernmentAgenciesDebtSecuritiesMember2020-06-300001263762us-gaap:MunicipalBondsMember2020-06-300001263762us-gaap:MortgageBackedSecuritiesIssuedByUSGovernmentSponsoredEnterprisesMember2020-06-300001263762slct:CorporateBondsMember2020-06-300001263762us-gaap:USGovernmentAgenciesDebtSecuritiesMember2019-12-310001263762us-gaap:MunicipalBondsMember2019-12-310001263762us-gaap:MortgageBackedSecuritiesIssuedByUSGovernmentSponsoredEnterprisesMember2019-12-310001263762slct:CorporateBondsMember2019-12-310001263762us-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsNonrecurringMember2020-06-300001263762us-gaap:FairValueMeasurementsNonrecurringMember2020-06-300001263762us-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsNonrecurringMember2019-12-310001263762us-gaap:FairValueMeasurementsNonrecurringMember2019-12-310001263762us-gaap:HomeEquityMemberus-gaap:PerformingFinancingReceivableMemberus-gaap:ResidentialPortfolioSegmentMemberus-gaap:RealEstateLoanMember2020-04-012020-06-300001263762us-gaap:CommercialRealEstateMemberus-gaap:PerformingFinancingReceivableMemberus-gaap:CommercialPortfolioSegmentMemberus-gaap:RealEstateLoanMember2020-04-012020-06-300001263762slct:FamilyResidentialRealEstate1To4Memberus-gaap:PerformingFinancingReceivableMemberus-gaap:ResidentialPortfolioSegmentMemberus-gaap:RealEstateLoanMember2020-04-012020-06-300001263762us-gaap:HomeEquityMemberus-gaap:ResidentialPortfolioSegmentMemberus-gaap:RealEstateLoanMember2020-04-012020-06-300001263762us-gaap:CommercialRealEstateMemberus-gaap:CommercialPortfolioSegmentMemberus-gaap:RealEstateLoanMember2020-04-012020-06-300001263762slct:FamilyResidentialRealEstate1To4Memberus-gaap:ResidentialPortfolioSegmentMemberus-gaap:RealEstateLoanMember2020-04-012020-06-300001263762us-gaap:HomeEquityMemberus-gaap:PerformingFinancingReceivableMemberus-gaap:ResidentialPortfolioSegmentMemberus-gaap:RealEstateLoanMember2020-01-012020-06-300001263762us-gaap:CommercialRealEstateMemberus-gaap:PerformingFinancingReceivableMemberus-gaap:CommercialPortfolioSegmentMemberus-gaap:RealEstateLoanMember2020-01-012020-06-300001263762slct:FamilyResidentialRealEstate1To4Memberus-gaap:PerformingFinancingReceivableMemberus-gaap:ResidentialPortfolioSegmentMemberus-gaap:RealEstateLoanMember2020-01-012020-06-300001263762us-gaap:HomeEquityMemberus-gaap:ResidentialPortfolioSegmentMemberus-gaap:RealEstateLoanMember2020-01-012020-06-300001263762us-gaap:CommercialRealEstateMemberus-gaap:CommercialPortfolioSegmentMemberus-gaap:RealEstateLoanMember2020-01-012020-06-300001263762slct:FamilyResidentialRealEstate1To4Memberus-gaap:ResidentialPortfolioSegmentMemberus-gaap:RealEstateLoanMember2020-01-012020-06-300001263762slct:FamilyResidentialRealEstate1To4Memberus-gaap:PerformingFinancingReceivableMemberus-gaap:ResidentialPortfolioSegmentMemberus-gaap:RealEstateLoanMember2019-04-012019-06-300001263762slct:ConstructionLoansRealEstateMemberus-gaap:PerformingFinancingReceivableMemberus-gaap:CommercialPortfolioSegmentMemberus-gaap:RealEstateLoanMember2019-04-012019-06-300001263762slct:FamilyResidentialRealEstate1To4Memberus-gaap:ResidentialPortfolioSegmentMemberus-gaap:RealEstateLoanMember2019-04-012019-06-300001263762slct:ConstructionLoansRealEstateMemberus-gaap:CommercialPortfolioSegmentMemberus-gaap:RealEstateLoanMember2019-04-012019-06-300001263762slct:FamilyResidentialRealEstate1To4Memberus-gaap:PerformingFinancingReceivableMemberus-gaap:ResidentialPortfolioSegmentMemberus-gaap:RealEstateLoanMember2019-01-012019-06-300001263762slct:ConstructionLoansRealEstateMemberus-gaap:PerformingFinancingReceivableMemberus-gaap:CommercialPortfolioSegmentMemberus-gaap:RealEstateLoanMember2019-01-012019-06-300001263762slct:FamilyResidentialRealEstate1To4Memberus-gaap:ResidentialPortfolioSegmentMemberus-gaap:RealEstateLoanMember2019-01-012019-06-300001263762slct:ConstructionLoansRealEstateMemberus-gaap:CommercialPortfolioSegmentMemberus-gaap:RealEstateLoanMember2019-01-012019-06-300001263762slct:LoansToIndividualsAndOverdraftsMemberus-gaap:PerformingFinancingReceivableMemberus-gaap:CommercialPortfolioSegmentMemberslct:OtherLoanMember2020-04-012020-06-300001263762slct:CommercialAndIndustrialOtherMemberus-gaap:PerformingFinancingReceivableMemberus-gaap:CommercialPortfolioSegmentMemberslct:OtherLoanMember2020-04-012020-06-300001263762slct:LoansToIndividualsAndOverdraftsMemberus-gaap:CommercialPortfolioSegmentMemberslct:OtherLoanMember2020-04-012020-06-300001263762slct:CommercialAndIndustrialOtherMemberus-gaap:CommercialPortfolioSegmentMemberslct:OtherLoanMember2020-04-012020-06-300001263762us-gaap:PerformingFinancingReceivableMember2020-04-012020-06-300001263762slct:LoansToIndividualsAndOverdraftsMemberus-gaap:PerformingFinancingReceivableMemberus-gaap:CommercialPortfolioSegmentMemberslct:OtherLoanMember2020-01-012020-06-300001263762slct:CommercialAndIndustrialOtherMemberus-gaap:PerformingFinancingReceivableMemberus-gaap:CommercialPortfolioSegmentMemberslct:OtherLoanMember2020-01-012020-06-300001263762slct:LoansToIndividualsAndOverdraftsMemberus-gaap:CommercialPortfolioSegmentMemberslct:OtherLoanMember2020-01-012020-06-300001263762slct:CommercialAndIndustrialOtherMemberus-gaap:CommercialPortfolioSegmentMemberslct:OtherLoanMember2020-01-012020-06-300001263762us-gaap:PerformingFinancingReceivableMember2020-01-012020-06-300001263762us-gaap:HomeEquityMemberus-gaap:PerformingFinancingReceivableMemberus-gaap:ResidentialPortfolioSegmentMemberus-gaap:RealEstateLoanMember2019-04-012019-06-300001263762us-gaap:CommercialRealEstateMemberus-gaap:PerformingFinancingReceivableMemberus-gaap:CommercialPortfolioSegmentMemberus-gaap:RealEstateLoanMember2019-04-012019-06-300001263762slct:LoansToIndividualsAndOverdraftsMemberus-gaap:PerformingFinancingReceivableMemberus-gaap:CommercialPortfolioSegmentMemberslct:OtherLoanMember2019-04-012019-06-300001263762slct:CommercialAndIndustrialOtherMemberus-gaap:PerformingFinancingReceivableMemberus-gaap:CommercialPortfolioSegmentMemberslct:OtherLoanMember2019-04-012019-06-300001263762us-gaap:HomeEquityMemberus-gaap:ResidentialPortfolioSegmentMemberus-gaap:RealEstateLoanMember2019-04-012019-06-300001263762us-gaap:CommercialRealEstateMemberus-gaap:CommercialPortfolioSegmentMemberus-gaap:RealEstateLoanMember2019-04-012019-06-300001263762slct:LoansToIndividualsAndOverdraftsMemberus-gaap:CommercialPortfolioSegmentMemberslct:OtherLoanMember2019-04-012019-06-300001263762slct:CommercialAndIndustrialOtherMemberus-gaap:CommercialPortfolioSegmentMemberslct:OtherLoanMember2019-04-012019-06-300001263762us-gaap:PerformingFinancingReceivableMember2019-04-012019-06-300001263762us-gaap:HomeEquityMemberus-gaap:PerformingFinancingReceivableMemberus-gaap:ResidentialPortfolioSegmentMemberus-gaap:RealEstateLoanMember2019-01-012019-06-300001263762us-gaap:CommercialRealEstateMemberus-gaap:PerformingFinancingReceivableMemberus-gaap:CommercialPortfolioSegmentMemberus-gaap:RealEstateLoanMember2019-01-012019-06-300001263762slct:LoansToIndividualsAndOverdraftsMemberus-gaap:PerformingFinancingReceivableMemberus-gaap:CommercialPortfolioSegmentMemberslct:OtherLoanMember2019-01-012019-06-300001263762slct:CommercialAndIndustrialOtherMemberus-gaap:PerformingFinancingReceivableMemberus-gaap:CommercialPortfolioSegmentMemberslct:OtherLoanMember2019-01-012019-06-300001263762us-gaap:HomeEquityMemberus-gaap:ResidentialPortfolioSegmentMemberus-gaap:RealEstateLoanMember2019-01-012019-06-300001263762us-gaap:CommercialRealEstateMemberus-gaap:CommercialPortfolioSegmentMemberus-gaap:RealEstateLoanMember2019-01-012019-06-300001263762slct:LoansToIndividualsAndOverdraftsMemberus-gaap:CommercialPortfolioSegmentMemberslct:OtherLoanMember2019-01-012019-06-300001263762slct:CommercialAndIndustrialOtherMemberus-gaap:CommercialPortfolioSegmentMemberslct:OtherLoanMember2019-01-012019-06-300001263762us-gaap:PerformingFinancingReceivableMember2019-01-012019-06-300001263762us-gaap:AdditionalPaidInCapitalMember2020-04-012020-06-300001263762us-gaap:AdditionalPaidInCapitalMember2020-01-012020-03-3100012637622020-01-012020-03-310001263762us-gaap:RetainedEarningsMember2019-04-012019-06-300001263762us-gaap:PreferredStockMember2019-04-012019-06-300001263762us-gaap:DeferredCompensationShareBasedPaymentsMember2019-04-012019-06-300001263762us-gaap:CommonStockMember2019-04-012019-06-300001263762us-gaap:AdditionalPaidInCapitalMember2019-04-012019-06-300001263762us-gaap:AccumulatedOtherComprehensiveIncomeMember2019-04-012019-06-300001263762slct:CommonStockIssuedToDeferredCompensationTrustMember2019-04-012019-06-3000012637622019-01-012019-12-310001263762slct:OverdraftsMemberus-gaap:CommercialPortfolioSegmentMemberslct:OtherLoanMember2020-06-300001263762slct:LoansToIndividualsMemberus-gaap:CommercialPortfolioSegmentMemberslct:OtherLoanMember2020-06-300001263762us-gaap:HomeEquityMemberus-gaap:ResidentialPortfolioSegmentMember2020-06-300001263762us-gaap:RealEstateLoanMember2020-06-300001263762slct:OtherLoanMember2020-06-300001263762us-gaap:CommercialRealEstateMemberus-gaap:CommercialPortfolioSegmentMemberus-gaap:RealEstateLoanMember2019-12-310001263762slct:OverdraftsMemberus-gaap:CommercialPortfolioSegmentMemberslct:OtherLoanMember2019-12-310001263762slct:MultiFamilyResidentialRealEstateMemberus-gaap:ConsumerPortfolioSegmentMemberus-gaap:RealEstateLoanMember2019-12-310001263762slct:LoansToIndividualsMemberus-gaap:CommercialPortfolioSegmentMemberslct:OtherLoanMember2019-12-310001263762slct:FamilyResidentialRealEstate1To4Memberus-gaap:ResidentialPortfolioSegmentMemberus-gaap:RealEstateLoanMember2019-12-310001263762slct:ConstructionLoansRealEstateMemberus-gaap:CommercialPortfolioSegmentMemberus-gaap:RealEstateLoanMember2019-12-310001263762slct:CommercialAndIndustrialOtherMemberus-gaap:CommercialPortfolioSegmentMemberslct:OtherLoanMember2019-12-310001263762us-gaap:HomeEquityMemberus-gaap:ResidentialPortfolioSegmentMember2019-12-310001263762us-gaap:RealEstateLoanMember2019-12-310001263762slct:OtherLoanMember2019-12-310001263762srt:MinimumMember2020-06-300001263762srt:MaximumMember2020-06-300001263762srt:MinimumMemberus-gaap:FairValueMeasurementsNonrecurringMember2020-06-300001263762srt:MaximumMemberus-gaap:FairValueMeasurementsNonrecurringMember2020-06-3000012637622020-05-052020-05-050001263762us-gaap:HomeEquityMemberus-gaap:ResidentialPortfolioSegmentMemberus-gaap:RealEstateLoanMember2020-06-300001263762us-gaap:CommercialRealEstateMemberus-gaap:CommercialPortfolioSegmentMemberus-gaap:RealEstateLoanMember2020-06-300001263762slct:MultiFamilyResidentialRealEstateMemberus-gaap:ConsumerPortfolioSegmentMemberus-gaap:RealEstateLoanMember2020-06-300001263762slct:LoansToIndividualsAndOverdraftsMemberus-gaap:CommercialPortfolioSegmentMemberslct:OtherLoanMember2020-06-300001263762slct:FamilyResidentialRealEstate1To4Memberus-gaap:ResidentialPortfolioSegmentMemberus-gaap:RealEstateLoanMember2020-06-300001263762slct:ConstructionLoansRealEstateMemberus-gaap:CommercialPortfolioSegmentMemberus-gaap:RealEstateLoanMember2020-06-300001263762slct:CommercialAndIndustrialOtherMemberus-gaap:CommercialPortfolioSegmentMemberslct:OtherLoanMember2020-06-300001263762us-gaap:HomeEquityMemberus-gaap:ResidentialPortfolioSegmentMemberus-gaap:RealEstateLoanMember2019-06-300001263762us-gaap:CommercialRealEstateMemberus-gaap:CommercialPortfolioSegmentMemberus-gaap:RealEstateLoanMember2019-06-300001263762slct:MultiFamilyResidentialRealEstateMemberus-gaap:ConsumerPortfolioSegmentMemberus-gaap:RealEstateLoanMember2019-06-300001263762slct:LoansToIndividualsAndOverdraftsMemberus-gaap:CommercialPortfolioSegmentMemberslct:OtherLoanMember2019-06-300001263762slct:FamilyResidentialRealEstate1To4Memberus-gaap:ResidentialPortfolioSegmentMemberus-gaap:RealEstateLoanMember2019-06-300001263762slct:ConstructionLoansRealEstateMemberus-gaap:CommercialPortfolioSegmentMemberus-gaap:RealEstateLoanMember2019-06-300001263762slct:CommercialAndIndustrialOtherMemberus-gaap:CommercialPortfolioSegmentMemberslct:OtherLoanMember2019-06-3000012637622019-06-300001263762us-gaap:HomeEquityMemberus-gaap:ResidentialPortfolioSegmentMemberus-gaap:RealEstateLoanMember2019-07-012020-06-300001263762slct:FamilyResidentialRealEstate1To4Memberus-gaap:ResidentialPortfolioSegmentMemberus-gaap:RealEstateLoanMember2019-07-012020-06-300001263762slct:ConstructionLoansRealEstateMemberus-gaap:CommercialPortfolioSegmentMemberslct:OtherLoanMember2019-07-012020-06-300001263762slct:CommercialAndIndustrialOtherMemberus-gaap:CommercialPortfolioSegmentMemberslct:OtherLoanMember2019-07-012020-06-3000012637622019-07-012020-06-300001263762us-gaap:CommercialRealEstateMemberus-gaap:CommercialPortfolioSegmentMemberus-gaap:RealEstateLoanMember2018-07-012019-06-300001263762slct:FamilyResidentialRealEstate1To4Memberus-gaap:ResidentialPortfolioSegmentMemberus-gaap:RealEstateLoanMember2018-07-012019-06-300001263762slct:CommercialAndIndustrialOtherMemberus-gaap:CommercialPortfolioSegmentMemberslct:OtherLoanMember2018-07-012019-06-3000012637622018-07-012019-06-300001263762us-gaap:DeferredCompensationShareBasedPaymentsMember2020-04-012020-06-300001263762slct:CommonStockIssuedToDeferredCompensationTrustMember2020-04-012020-06-300001263762us-gaap:DeferredCompensationShareBasedPaymentsMember2020-01-012020-03-310001263762slct:CommonStockIssuedToDeferredCompensationTrustMember2020-01-012020-03-310001263762us-gaap:RetainedEarningsMember2019-01-012019-03-310001263762us-gaap:PreferredStockMember2019-01-012019-03-310001263762us-gaap:DeferredCompensationShareBasedPaymentsMember2019-01-012019-03-310001263762us-gaap:CommonStockMember2019-01-012019-03-310001263762us-gaap:AdditionalPaidInCapitalMember2019-01-012019-03-310001263762us-gaap:AccumulatedOtherComprehensiveIncomeMember2019-01-012019-03-310001263762slct:CommonStockIssuedToDeferredCompensationTrustMember2019-01-012019-03-3100012637622019-01-012019-03-3100012637622020-04-012020-06-3000012637622019-04-012019-06-300001263762slct:BranchesLocatedInWesternNorthCarolinaMemberus-gaap:PerformingFinancingReceivableMember2020-04-170001263762slct:BranchesLocatedInWesternNorthCarolinaMemberus-gaap:NonperformingFinancingReceivableMember2020-04-170001263762srt:ScenarioPreviouslyReportedMemberslct:BranchesLocatedInWesternNorthCarolinaMember2020-04-170001263762srt:RestatementAdjustmentMemberslct:BranchesLocatedInWesternNorthCarolinaMember2020-04-170001263762slct:BranchesLocatedInWesternNorthCarolinaMember2020-04-170001263762slct:BranchesLocatedInWesternNorthCarolinaMember2020-01-012020-06-300001263762slct:BranchesLocatedInWesternNorthCarolinaMember2019-01-012019-06-3000012637622020-06-3000012637622020-05-0500012637622019-12-3100012637622019-01-012019-06-3000012637622020-08-0500012637622020-01-012020-06-30xbrli:sharesiso4217:USDxbrli:sharesiso4217:USDslct:loanxbrli:pureslct:securityslct:store

Table of Contents

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

Form 10-Q

Quarterly Report Pursuant to Section 13 or 15(d)

of the Securities Exchange Act of 1934

For the quarterly period ended June 30, 2020

or

Transition Report Pursuant to Section 13 or 15(d)

of the Securities Exchange Act of 1934

For the transition period ended from                to              

Commission File Number    000-50400

Select Bancorp, Inc.

(Exact name of Registrant as specified in its charter)

North Carolina

    

20-0218264

(State or other jurisdiction of

(I.R.S. Employer Identification No.)

incorporation or organization)

 

 

 

700 W. Cumberland Street

 

Dunn, North Carolina

28334

(Address of principal executive offices)

(Zip Code)

Registrant’s telephone number, including area code: (910) 892-7080

Securities registered pursuant to Section 12(b) of the Act:

Title of each class

    

Trading
Symbol(s)

   

Name of each exchange on which registered

Common stock, par value $1.00 per share

SLCT

The NASDAQ Stock Market LLC

Indicate by check mark whether the Registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the Registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes No

Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T during the preceding 12 months (or for such shorter period that the registrant was required to submit such files). Yes No

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, or an emerging growth company. See the definitions of "large accelerated filer," "accelerated filer," "smaller reporting company,” and “emerging growth company” in Rule 12b-2 of the Exchange Act.

Large accelerated filer

Accelerated filer

Non-accelerated filer

Smaller reporting company

 

Emerging growth company

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.

Indicate by check mark whether the registrant is a shell company (as defined by Rule 12b-2 of the Exchange Act). Yes No

As of August 5, 2020, the registrant had outstanding 17,862,554 shares of Common Stock, $1.00 par value per share.

Table of Contents

 

 

Page No.

 

 

Part I.

FINANCIAL INFORMATION

Item 1 -

Financial Statements (Unaudited)

Consolidated Balance Sheets
June 30, 2020 and December 31, 2019

3

Consolidated Statements of Operations
Three Months and Six Months Ended June 30, 2020 and 2019

4

Consolidated Statements of Comprehensive Income
Three Months and Six Months Ended June 30, 2020 and 2019

5

Consolidated Statements of Changes in Shareholders’ Equity
Three Months Ended March 31, 2020 and 2019 and Three Months Ended June 30, 2020 and 2019

6

Consolidated Statements of Cash Flows
Six Months Ended June 30, 2020 and 2019

7

Notes to Consolidated Financial Statements

9

Item 2 -

Management’s Discussion and Analysis of Financial Condition and Results of Operations

34

Item 3 -

Quantitative and Qualitative Disclosures about Market Risk

50

Item 4 -

Controls and Procedures

52

Part II.

OTHER INFORMATION

Item 1 -

Legal Proceedings

52

Item 1A -

Risk Factors

52

Item 2 -

Unregistered Sales of Equity Securities and Use of Proceeds

54

Item 3 -

Defaults Upon Senior Securities

55

Item 4 -

Mine Safety Disclosures

55

Item 5 -

Other Information

55

Item 6 -

Exhibits

56

 

Signatures

57

2

Table of Contents

Part I. FINANCIAL INFORMATION

Item 1.  Financial Statements.

SELECT BANCORP, INC.

CONSOLIDATED BALANCE SHEETS

June 30, 2020

December 31, 

    

(unaudited)

    

2019*

(In thousands, except share

and per share data)

ASSETS

Cash and due from banks

$

24,037

$

19,110

Interest-earning deposits in other banks

 

157,521

 

50,920

Federal funds sold

 

9,726

 

9,047

Investment securities available for sale, at fair value

 

62,958

 

72,367

Loans held for sale

 

3,455

 

928

Loans

 

1,249,999

 

1,029,975

Allowance for loan losses

 

(12,054)

 

(8,324)

NET LOANS

 

1,237,945

 

1,021,651

Accrued interest receivable

 

4,400

 

4,189

Stock in Federal Home Loan Bank of Atlanta (“FHLB”), at cost

 

3,059

 

3,045

Other non-marketable securities

 

718

 

719

Foreclosed real estate

 

3,561

 

3,533

Premises and equipment, net

 

20,893

 

17,791

Right of use lease asset

8,953

8,596

Bank owned life insurance

 

30,110

 

29,789

Goodwill

 

41,914

 

24,579

Core deposit intangible (“CDI”)

 

1,856

 

1,610

Other assets

 

7,854

 

7,202

TOTAL ASSETS

$

1,618,960

$

1,275,076

LIABILITIES AND SHAREHOLDERS’ EQUITY

 

  

 

  

Deposits:

 

  

 

  

Demand

$

400,098

$

240,305

Savings

 

52,597

 

43,128

Money market and NOW

 

495,609

 

280,145

Time

 

390,449

 

429,260

TOTAL DEPOSITS

 

1,338,753

 

992,838

Short-term debt

 

20,000

 

Long-term debt

 

37,372

 

57,372

Lease liability

9,243

8,813

Accrued interest payable

 

457

 

578

Accrued expenses and other liabilities

 

1,597

 

2,700

TOTAL LIABILITIES

 

1,407,422

 

1,062,301

Shareholders’ Equity

 

  

 

  

Preferred stock, no par value, 5,000,000 shares authorized; no preferred shares were issued and outstanding at June 30, 2020 and December 31, 2019

 

 

Common stock, $1 par value, 50,000,000 shares authorized; 17,862,554 and 18,330,058 shares issued and outstanding at June 30, 2020 and December 31, 2019 , respectively

 

17,863

 

18,330

Additional paid-in capital

 

137,559

 

140,870

Retained earnings

 

54,460

 

52,675

Common stock issued to deferred compensation trust, at cost; 289,611 and 319,753 shares outstanding at June 30, 2020 and December 31, 2019, respectively

 

(2,553)

 

(2,815)

Directors’ Deferred Compensation Plan Rabbi Trust

 

2,553

 

2,815

Accumulated other comprehensive income

 

1,656

 

900

TOTAL SHAREHOLDERS’ EQUITY

 

211,538

 

212,775

TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY

$

1,618,960

$

1,275,076

* Derived from audited consolidated financial statements.

See accompanying notes.

3

Table of Contents

SELECT BANCORP, INC.

CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited)

Three Months Ended

Six Months Ended

June 30, 

June 30, 

    

2020

    

2019

2020

    

2019

(In thousands, except share and per share data)

(In thousands, except share and per share data)

INTEREST INCOME

Loans

$

14,086

$

13,515

$

27,675

$

26,557

Federal funds sold and interest-earning deposits in other banks

 

33

 

456

 

201

 

999

Investments

 

381

 

601

 

802

 

1,066

TOTAL INTEREST INCOME

 

14,500

 

14,572

 

28,678

 

28,622

INTEREST EXPENSE

 

  

 

  

 

  

 

  

Money market, NOW and savings deposits

 

648

 

407

 

996

 

763

Time deposits

 

1,576

 

1,985

 

3,507

 

3,738

Short-term debt

 

141

 

26

 

228

 

52

Long-term debt

 

281

 

457

 

633

 

915

TOTAL INTEREST EXPENSE

 

2,646

 

2,875

 

5,364

 

5,468

NET INTEREST INCOME

 

11,854

 

11,697

 

23,314

 

23,154

PROVISION FOR (RECOVERY OF) LOAN LOSSES

 

1,933

 

(207)

 

4,206

 

(95)

NET INTEREST INCOME AFTER PROVISION FOR (RECOVERY OF) LOAN LOSSES

 

9,921

 

11,904

 

19,108

 

23,249

NON-INTEREST INCOME

 

  

 

  

 

  

 

  

Service charges on deposit accounts

 

206

 

284

 

544

 

550

Fees from the sale of mortgages

 

355

 

230

 

648

 

387

Other fees and income

 

850

 

814

 

1,663

 

1,588

TOTAL NON-INTEREST INCOME

 

1,411

 

1,328

 

2,855

 

2,525

NON-INTEREST EXPENSE

 

  

 

  

 

  

 

  

Personnel

 

5,786

 

5,031

 

11,418

 

10,002

Occupancy and equipment

 

986

 

922

 

1,917

 

1,649

Deposit insurance

 

76

 

90

 

64

 

195

Professional fees

 

451

 

483

 

823

 

865

Core deposit intangible amortization

 

195

 

205

 

374

 

424

Merger/acquisition related expenses

 

709

 

107

 

748

 

107

Information systems

 

972

 

877

 

2,010

 

1,666

Foreclosure-related expenses

 

187

 

10

 

192

 

40

Other

 

1,140

 

1,086

 

2,203

 

2,167

TOTAL NON-INTEREST EXPENSE

 

10,502

 

8,811

 

19,749

 

17,115

INCOME BEFORE INCOME TAX

 

830

 

4,421

 

2,214

 

8,659

INCOME TAX

 

149

 

973

 

429

 

1,904

NET INCOME

 

681

 

3,448

 

1,785

 

6,755

Basic

$

0.04

$

0.18

$

0.10

$

0.35

Diluted

$

0.04

$

0.18

$

0.10

$

0.35

WEIGHTED AVERAGE COMMON SHARES OUTSTANDING

 

 

  

 

 

  

Basic

 

18,013,863

 

19,318,358

 

18,134,607

 

19,317,029

Diluted

 

18,030,136

 

19,359,492

 

18,157,992

 

19,360,039

See accompanying notes.

4

Table of Contents

SELECT BANCORP, INC.

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (Unaudited)

Three Months Ended

Six Months Ended

June 30, 

June 30, 

    

2020

    

2019

2020

    

2019

(In thousands)

Net income

$

681

$

3,448

$

1,785

$

6,755

Other comprehensive income:

 

  

 

  

 

  

 

  

Unrealized gains on investment securities-available for sale

 

252

 

790

 

983

 

1,258

Tax effect

 

(58)

 

(178)

 

(227)

 

(286)

Total

 

194

 

612

 

756

 

972

Total comprehensive income

$

875

$

4,060

$

2,541

$

7,727

See accompanying notes.

5

Table of Contents

SELECT BANCORP, INC.

CONSOLIDATED STATEMENTS OF CHANGES IN SHAREHOLDERS’ EQUITY (Unaudited)

Common Stock

Accumulated

Issued

Other

Additional

to Deferred

Comprehensive

Total

Preferred Stock

Common Stock

paid-in

Retained

Deferred

Compensation

Income

Shareholders’

    

Shares

    

Amount

    

Shares

    

Amount

    

Capital

    

Earnings

    

Comp Plan

    

Trust

    

(loss)

    

Equity

Balance at December 31, 2018

 

$

 

19,311,505

 

$

19,312

 

$

150,718

 

$

39,640

 

$

(2,615)

 

$

2,615

 

$

(59)

 

$

209,611

Net income

 

 

 

 

 

3,307

 

 

 

 

3,307

Other comprehensive income

 

 

 

 

 

 

 

 

360

 

360

Stock option exercises

 

 

14,980

 

14

 

100

 

 

 

 

 

114

Stock-based compensation

 

 

 

 

59

 

 

 

 

 

59

Directors’ equity incentive plan, net

 

 

 

 

 

 

37

 

(37)

 

 

Balance at March 31, 2019

$

 

19,326,485

$

19,326

$

150,877

$

42,947

$

(2,652)

$

2,652

$

301

$

213,451

Net income

 

 

 

 

 

3,448