Toggle SGML Header (+)


Section 1: 10-Q (10-Q)

00000001263762--12-312020Q3false0018330058177865522020-01-012020-01-010001263762us-gaap:CommonStockMember2020-07-012020-09-300001263762us-gaap:CommonStockMember2020-04-012020-06-300001263762us-gaap:CommonStockMember2019-07-012019-09-300001263762us-gaap:CommonStockMember2019-04-012019-06-300001263762us-gaap:CommonStockMember2020-01-012020-03-310001263762us-gaap:CommonStockMember2019-01-012019-03-310001263762us-gaap:RetainedEarningsMember2020-09-300001263762us-gaap:AdditionalPaidInCapitalMember2020-09-300001263762us-gaap:AccumulatedOtherComprehensiveIncomeMember2020-09-300001263762slct:CommonStockIssuedToDeferredCompensationTrustMember2020-09-300001263762us-gaap:RetainedEarningsMember2020-06-300001263762us-gaap:DeferredCompensationShareBasedPaymentsMember2020-06-300001263762us-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:CommonStockIssuedToDeferredCompensationTrustMember2020-03-3100012637622020-03-310001263762us-gaap:RetainedEarningsMember2019-12-310001263762us-gaap:AdditionalPaidInCapitalMember2019-12-310001263762us-gaap:AccumulatedOtherComprehensiveIncomeMember2019-12-310001263762slct:CommonStockIssuedToDeferredCompensationTrustMember2019-12-310001263762us-gaap:RetainedEarningsMember2019-09-300001263762us-gaap:DeferredCompensationShareBasedPaymentsMember2019-09-300001263762us-gaap:AdditionalPaidInCapitalMember2019-09-300001263762us-gaap:AccumulatedOtherComprehensiveIncomeMember2019-09-300001263762slct:CommonStockIssuedToDeferredCompensationTrustMember2019-09-300001263762us-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:CommonStockIssuedToDeferredCompensationTrustMember2019-03-3100012637622019-03-310001263762us-gaap:RetainedEarningsMember2018-12-310001263762us-gaap:DeferredCompensationShareBasedPaymentsMember2018-12-310001263762us-gaap:AdditionalPaidInCapitalMember2018-12-310001263762us-gaap:AccumulatedOtherComprehensiveIncomeMember2018-12-310001263762slct:CommonStockIssuedToDeferredCompensationTrustMember2018-12-310001263762us-gaap:CommonStockMember2020-09-300001263762us-gaap:CommonStockMember2020-06-300001263762us-gaap:CommonStockMember2020-03-310001263762us-gaap:CommonStockMember2019-12-310001263762us-gaap:CommonStockMember2019-09-300001263762us-gaap:CommonStockMember2019-06-300001263762us-gaap:CommonStockMember2019-03-310001263762us-gaap:CommonStockMember2018-12-310001263762us-gaap:DepositAccountMember2020-07-012020-09-300001263762us-gaap:DepositAccountMember2020-01-012020-09-300001263762us-gaap:DepositAccountMember2019-07-012019-09-300001263762us-gaap:DepositAccountMember2019-01-012019-09-300001263762us-gaap:AccumulatedOtherComprehensiveIncomeMember2020-07-012020-09-300001263762us-gaap:AccumulatedOtherComprehensiveIncomeMember2020-04-012020-06-300001263762us-gaap:AccumulatedOtherComprehensiveIncomeMember2020-01-012020-03-310001263762us-gaap:AccumulatedOtherComprehensiveIncomeMember2019-07-012019-09-300001263762us-gaap:AccumulatedOtherComprehensiveIncomeMember2019-04-012019-06-300001263762us-gaap:AccumulatedOtherComprehensiveIncomeMember2019-01-012019-03-310001263762slct:FirstCitizensBankAndTrustCompanyFormerlyEntegraBankThreeExistingBranchOfficesDepositsMajorityOfLoansPropertyEquipmentAndOtherSelectedAssetsMember2019-12-200001263762us-gaap:RetainedEarningsMember2020-07-012020-09-300001263762us-gaap:RetainedEarningsMember2020-04-012020-06-300001263762us-gaap:RetainedEarningsMember2020-01-012020-03-310001263762us-gaap:RetainedEarningsMember2019-07-012019-09-300001263762us-gaap:RetainedEarningsMember2019-04-012019-06-300001263762us-gaap:RetainedEarningsMember2019-01-012019-03-310001263762us-gaap:HomeEquityMemberus-gaap:ResidentialPortfolioSegmentMemberus-gaap:RealEstateLoanMemberus-gaap:SubstandardMember2020-09-300001263762us-gaap:HomeEquityMemberus-gaap:ResidentialPortfolioSegmentMemberus-gaap:RealEstateLoanMemberus-gaap:SpecialMentionMember2020-09-300001263762us-gaap:HomeEquityMemberus-gaap:ResidentialPortfolioSegmentMemberus-gaap:RealEstateLoanMemberus-gaap:PassMember2020-09-300001263762us-gaap:CommercialRealEstateMemberus-gaap:CommercialPortfolioSegmentMemberus-gaap:RealEstateLoanMemberus-gaap:SubstandardMember2020-09-300001263762us-gaap:CommercialRealEstateMemberus-gaap:CommercialPortfolioSegmentMemberus-gaap:RealEstateLoanMemberus-gaap:SpecialMentionMember2020-09-300001263762us-gaap:CommercialRealEstateMemberus-gaap:CommercialPortfolioSegmentMemberus-gaap:RealEstateLoanMemberslct:VeryGoodMember2020-09-300001263762us-gaap:CommercialRealEstateMemberus-gaap:CommercialPortfolioSegmentMemberus-gaap:RealEstateLoanMemberslct:SuperiorMember2020-09-300001263762us-gaap:CommercialRealEstateMemberus-gaap:CommercialPortfolioSegmentMemberus-gaap:RealEstateLoanMemberslct:GoodMember2020-09-300001263762us-gaap:CommercialRealEstateMemberus-gaap:CommercialPortfolioSegmentMemberus-gaap:RealEstateLoanMemberslct:AcceptableWithCareMember2020-09-300001263762us-gaap:CommercialRealEstateMemberus-gaap:CommercialPortfolioSegmentMemberus-gaap:RealEstateLoanMemberslct:AcceptableMember2020-09-300001263762slct:MultiFamilyResidentialRealEstateMemberus-gaap:ConsumerPortfolioSegmentMemberus-gaap:RealEstateLoanMemberslct:GoodMember2020-09-300001263762slct:MultiFamilyResidentialRealEstateMemberus-gaap:ConsumerPortfolioSegmentMemberus-gaap:RealEstateLoanMemberslct:AcceptableWithCareMember2020-09-300001263762slct:MultiFamilyResidentialRealEstateMemberus-gaap:ConsumerPortfolioSegmentMemberus-gaap:RealEstateLoanMemberslct:AcceptableMember2020-09-300001263762slct:LoansToIndividualsAndOverdraftsMemberus-gaap:CommercialPortfolioSegmentMemberslct:OtherLoanMemberus-gaap:SpecialMentionMember2020-09-300001263762slct:LoansToIndividualsAndOverdraftsMemberus-gaap:CommercialPortfolioSegmentMemberslct:OtherLoanMemberus-gaap:PassMember2020-09-300001263762slct:FamilyResidentialRealEstate1To4Memberus-gaap:ResidentialPortfolioSegmentMemberus-gaap:RealEstateLoanMemberus-gaap:SubstandardMember2020-09-300001263762slct:FamilyResidentialRealEstate1To4Memberus-gaap:ResidentialPortfolioSegmentMemberus-gaap:RealEstateLoanMemberus-gaap:SpecialMentionMember2020-09-300001263762slct:FamilyResidentialRealEstate1To4Memberus-gaap:ResidentialPortfolioSegmentMemberus-gaap:RealEstateLoanMemberus-gaap:PassMember2020-09-300001263762slct:ConstructionLoansRealEstateMemberus-gaap:CommercialPortfolioSegmentMemberus-gaap:RealEstateLoanMemberus-gaap:SubstandardMember2020-09-300001263762slct:ConstructionLoansRealEstateMemberus-gaap:CommercialPortfolioSegmentMemberus-gaap:RealEstateLoanMemberus-gaap:SpecialMentionMember2020-09-300001263762slct:ConstructionLoansRealEstateMemberus-gaap:CommercialPortfolioSegmentMemberus-gaap:RealEstateLoanMemberslct:VeryGoodMember2020-09-300001263762slct:ConstructionLoansRealEstateMemberus-gaap:CommercialPortfolioSegmentMemberus-gaap:RealEstateLoanMemberslct:GoodMember2020-09-300001263762slct:ConstructionLoansRealEstateMemberus-gaap:CommercialPortfolioSegmentMemberus-gaap:RealEstateLoanMemberslct:AcceptableWithCareMember2020-09-300001263762slct:ConstructionLoansRealEstateMemberus-gaap:CommercialPortfolioSegmentMemberus-gaap:RealEstateLoanMemberslct:AcceptableMember2020-09-300001263762slct:CommercialAndIndustrialOtherMemberus-gaap:CommercialPortfolioSegmentMemberslct:OtherLoanMemberus-gaap:SubstandardMember2020-09-300001263762slct:CommercialAndIndustrialOtherMemberus-gaap:CommercialPortfolioSegmentMemberslct:OtherLoanMemberus-gaap:SpecialMentionMember2020-09-300001263762slct:CommercialAndIndustrialOtherMemberus-gaap:CommercialPortfolioSegmentMemberslct:OtherLoanMemberslct:VeryGoodMember2020-09-300001263762slct:CommercialAndIndustrialOtherMemberus-gaap:CommercialPortfolioSegmentMemberslct:OtherLoanMemberslct:SuperiorMember2020-09-300001263762slct:CommercialAndIndustrialOtherMemberus-gaap:CommercialPortfolioSegmentMemberslct:OtherLoanMemberslct:GoodMember2020-09-300001263762slct:CommercialAndIndustrialOtherMemberus-gaap:CommercialPortfolioSegmentMemberslct:OtherLoanMemberslct:AcceptableWithCareMember2020-09-300001263762slct:CommercialAndIndustrialOtherMemberus-gaap:CommercialPortfolioSegmentMemberslct:OtherLoanMemberslct:AcceptableMember2020-09-300001263762us-gaap:HomeEquityMemberus-gaap:ResidentialPortfolioSegmentMemberus-gaap:RealEstateLoanMemberus-gaap:SubstandardMember2019-12-310001263762us-gaap:HomeEquityMemberus-gaap:ResidentialPortfolioSegmentMemberus-gaap:RealEstateLoanMemberus-gaap:SpecialMentionMember2019-12-310001263762us-gaap:HomeEquityMemberus-gaap:ResidentialPortfolioSegmentMemberus-gaap:RealEstateLoanMemberus-gaap:PassMember2019-12-310001263762us-gaap:CommercialRealEstateMemberus-gaap:CommercialPortfolioSegmentMemberus-gaap:RealEstateLoanMemberus-gaap:SubstandardMember2019-12-310001263762us-gaap:CommercialRealEstateMemberus-gaap:CommercialPortfolioSegmentMemberus-gaap:RealEstateLoanMemberus-gaap:SpecialMentionMember2019-12-310001263762us-gaap:CommercialRealEstateMemberus-gaap:CommercialPortfolioSegmentMemberus-gaap:RealEstateLoanMemberslct:VeryGoodMember2019-12-310001263762us-gaap:CommercialRealEstateMemberus-gaap:CommercialPortfolioSegmentMemberus-gaap:RealEstateLoanMemberslct:SuperiorMember2019-12-310001263762us-gaap:CommercialRealEstateMemberus-gaap:CommercialPortfolioSegmentMemberus-gaap:RealEstateLoanMemberslct:GoodMember2019-12-310001263762us-gaap:CommercialRealEstateMemberus-gaap:CommercialPortfolioSegmentMemberus-gaap:RealEstateLoanMemberslct:AcceptableWithCareMember2019-12-310001263762us-gaap:CommercialRealEstateMemberus-gaap:CommercialPortfolioSegmentMemberus-gaap:RealEstateLoanMemberslct:AcceptableMember2019-12-310001263762slct:MultiFamilyResidentialRealEstateMemberus-gaap:ConsumerPortfolioSegmentMemberus-gaap:RealEstateLoanMemberslct:GoodMember2019-12-310001263762slct:MultiFamilyResidentialRealEstateMemberus-gaap:ConsumerPortfolioSegmentMemberus-gaap:RealEstateLoanMemberslct:AcceptableWithCareMember2019-12-310001263762slct:MultiFamilyResidentialRealEstateMemberus-gaap:ConsumerPortfolioSegmentMemberus-gaap:RealEstateLoanMemberslct:AcceptableMember2019-12-310001263762slct:LoansToIndividualsAndOverdraftsMemberus-gaap:CommercialPortfolioSegmentMemberslct:OtherLoanMemberus-gaap:SpecialMentionMember2019-12-310001263762slct:LoansToIndividualsAndOverdraftsMemberus-gaap:CommercialPortfolioSegmentMemberslct:OtherLoanMemberus-gaap:PassMember2019-12-310001263762slct:FamilyResidentialRealEstate1To4Memberus-gaap:ResidentialPortfolioSegmentMemberus-gaap:RealEstateLoanMemberus-gaap:SubstandardMember2019-12-310001263762slct:FamilyResidentialRealEstate1To4Memberus-gaap:ResidentialPortfolioSegmentMemberus-gaap:RealEstateLoanMemberus-gaap:SpecialMentionMember2019-12-310001263762slct:FamilyResidentialRealEstate1To4Memberus-gaap:ResidentialPortfolioSegmentMemberus-gaap:RealEstateLoanMemberus-gaap:PassMember2019-12-310001263762slct:ConstructionLoansRealEstateMemberus-gaap:CommercialPortfolioSegmentMemberus-gaap:RealEstateLoanMemberus-gaap:SubstandardMember2019-12-310001263762slct:ConstructionLoansRealEstateMemberus-gaap:CommercialPortfolioSegmentMemberus-gaap:RealEstateLoanMemberus-gaap:SpecialMentionMember2019-12-310001263762slct:ConstructionLoansRealEstateMemberus-gaap:CommercialPortfolioSegmentMemberus-gaap:RealEstateLoanMemberslct:VeryGoodMember2019-12-310001263762slct:ConstructionLoansRealEstateMemberus-gaap:CommercialPortfolioSegmentMemberus-gaap:RealEstateLoanMemberslct:GoodMember2019-12-310001263762slct:ConstructionLoansRealEstateMemberus-gaap:CommercialPortfolioSegmentMemberus-gaap:RealEstateLoanMemberslct:AcceptableWithCareMember2019-12-310001263762slct:ConstructionLoansRealEstateMemberus-gaap:CommercialPortfolioSegmentMemberus-gaap:RealEstateLoanMemberslct:AcceptableMember2019-12-310001263762slct:CommercialAndIndustrialOtherMemberus-gaap:CommercialPortfolioSegmentMemberslct:OtherLoanMemberus-gaap:SubstandardMember2019-12-310001263762slct:CommercialAndIndustrialOtherMemberus-gaap:CommercialPortfolioSegmentMemberslct:OtherLoanMemberus-gaap:SpecialMentionMember2019-12-310001263762slct:CommercialAndIndustrialOtherMemberus-gaap:CommercialPortfolioSegmentMemberslct:OtherLoanMemberslct:VeryGoodMember2019-12-310001263762slct:CommercialAndIndustrialOtherMemberus-gaap:CommercialPortfolioSegmentMemberslct:OtherLoanMemberslct:SuperiorMember2019-12-310001263762slct:CommercialAndIndustrialOtherMemberus-gaap:CommercialPortfolioSegmentMemberslct:OtherLoanMemberslct:GoodMember2019-12-310001263762slct:CommercialAndIndustrialOtherMemberus-gaap:CommercialPortfolioSegmentMemberslct:OtherLoanMemberslct:AcceptableWithCareMember2019-12-310001263762slct:CommercialAndIndustrialOtherMemberus-gaap:CommercialPortfolioSegmentMemberslct:OtherLoanMemberslct:AcceptableMember2019-12-310001263762us-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: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:PerformingFinancingReceivableMember2020-06-300001263762us-gaap:NonperformingFinancingReceivableMember2020-06-300001263762us-gaap:HomeEquityMemberus-gaap:PerformingFinancingReceivableMemberus-gaap:ResidentialPortfolioSegmentMemberus-gaap:RealEstateLoanMember2019-12-310001263762us-gaap:HomeEquityMemberus-gaap:NonperformingFinancingReceivableMemberus-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:LoansToIndividualsAndOverdraftsMemberus-gaap:NonperformingFinancingReceivableMemberus-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:RealEstateLoanMember2019-06-300001263762us-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:LoansToIndividualsAndOverdraftsMemberus-gaap:NonperformingFinancingReceivableMemberus-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: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:OtherLoanMember2019-06-300001263762us-gaap:PerformingFinancingReceivableMember2019-06-300001263762us-gaap:NonperformingFinancingReceivableMember2019-06-300001263762us-gaap:HomeEquityMemberus-gaap:PerformingFinancingReceivableMemberus-gaap:ResidentialPortfolioSegmentMemberus-gaap:RealEstateLoanMember2018-12-310001263762us-gaap:HomeEquityMemberus-gaap:NonperformingFinancingReceivableMemberus-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:MultiFamilyResidentialRealEstateMemberus-gaap:NonperformingFinancingReceivableMemberus-gaap:ConsumerPortfolioSegmentMemberus-gaap:RealEstateLoanMember2018-12-310001263762slct:LoansToIndividualsAndOverdraftsMemberus-gaap:PerformingFinancingReceivableMemberus-gaap:CommercialPortfolioSegmentMemberslct:OtherLoanMember2018-12-310001263762slct:LoansToIndividualsAndOverdraftsMemberus-gaap:NonperformingFinancingReceivableMemberus-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:ConstructionLoansRealEstateMemberus-gaap:NonperformingFinancingReceivableMemberus-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:ResidentialPortfolioSegmentMember2020-09-300001263762us-gaap:ConsumerPortfolioSegmentMember2020-09-300001263762us-gaap:CommercialPortfolioSegmentMember2020-09-300001263762us-gaap:ResidentialPortfolioSegmentMember2019-12-310001263762us-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMember2019-12-310001263762us-gaap:ConsumerPortfolioSegmentMember2019-12-310001263762us-gaap:CommercialPortfolioSegmentMember2019-12-310001263762slct:FinancialAsset1To89DaysPastDueMember2019-12-310001263762us-gaap:ResidentialPortfolioSegmentMember2020-07-012020-09-300001263762us-gaap:ConsumerPortfolioSegmentMember2020-07-012020-09-300001263762us-gaap:CommercialPortfolioSegmentMember2020-07-012020-09-300001263762us-gaap:ResidentialPortfolioSegmentMember2020-01-012020-09-300001263762us-gaap:ConsumerPortfolioSegmentMember2020-01-012020-09-300001263762us-gaap:CommercialPortfolioSegmentMember2020-01-012020-09-300001263762us-gaap:ResidentialPortfolioSegmentMember2019-07-012019-09-300001263762us-gaap:ConsumerPortfolioSegmentMember2019-07-012019-09-300001263762us-gaap:CommercialPortfolioSegmentMember2019-07-012019-09-300001263762us-gaap:ResidentialPortfolioSegmentMember2019-01-012019-09-300001263762us-gaap:ConsumerPortfolioSegmentMember2019-01-012019-09-300001263762us-gaap:CommercialPortfolioSegmentMember2019-01-012019-09-300001263762us-gaap:HomeEquityMemberus-gaap:ResidentialPortfolioSegmentMemberus-gaap:RealEstateLoanMemberus-gaap:FinancingReceivables60To89DaysPastDueMember2020-09-300001263762us-gaap:HomeEquityMemberus-gaap:ResidentialPortfolioSegmentMemberus-gaap:RealEstateLoanMemberus-gaap:FinancingReceivables30To59DaysPastDueMember2020-09-300001263762us-gaap:CommercialRealEstateMemberus-gaap:CommercialPortfolioSegmentMemberus-gaap:RealEstateLoanMemberus-gaap:FinancingReceivables60To89DaysPastDueMember2020-09-300001263762us-gaap:CommercialRealEstateMemberus-gaap:CommercialPortfolioSegmentMemberus-gaap:RealEstateLoanMemberus-gaap:FinancingReceivables30To59DaysPastDueMember2020-09-300001263762slct:MultiFamilyResidentialRealEstateMemberus-gaap:ConsumerPortfolioSegmentMemberus-gaap:RealEstateLoanMemberus-gaap:FinancingReceivables60To89DaysPastDueMember2020-09-300001263762slct:MultiFamilyResidentialRealEstateMemberus-gaap:ConsumerPortfolioSegmentMemberus-gaap:RealEstateLoanMemberus-gaap:FinancingReceivables30To59DaysPastDueMember2020-09-300001263762slct:LoansToIndividualsAndOverdraftsMemberus-gaap:CommercialPortfolioSegmentMemberslct:OtherLoanMemberus-gaap:FinancingReceivables60To89DaysPastDueMember2020-09-300001263762slct:LoansToIndividualsAndOverdraftsMemberus-gaap:CommercialPortfolioSegmentMemberslct:OtherLoanMemberus-gaap:FinancingReceivables30To59DaysPastDueMember2020-09-300001263762slct:FamilyResidentialRealEstate1To4Memberus-gaap:ResidentialPortfolioSegmentMemberus-gaap:RealEstateLoanMemberus-gaap:FinancingReceivables60To89DaysPastDueMember2020-09-300001263762slct:FamilyResidentialRealEstate1To4Memberus-gaap:ResidentialPortfolioSegmentMemberus-gaap:RealEstateLoanMemberus-gaap:FinancingReceivables30To59DaysPastDueMember2020-09-300001263762slct:ConstructionLoansRealEstateMemberus-gaap:CommercialPortfolioSegmentMemberus-gaap:RealEstateLoanMemberus-gaap:FinancingReceivables60To89DaysPastDueMember2020-09-300001263762slct:ConstructionLoansRealEstateMemberus-gaap:CommercialPortfolioSegmentMemberus-gaap:RealEstateLoanMemberus-gaap:FinancingReceivables30To59DaysPastDueMember2020-09-300001263762slct:CommercialAndIndustrialOtherMemberus-gaap:CommercialPortfolioSegmentMemberslct:OtherLoanMemberus-gaap:FinancingReceivables60To89DaysPastDueMember2020-09-300001263762slct:CommercialAndIndustrialOtherMemberus-gaap:CommercialPortfolioSegmentMemberslct:OtherLoanMemberus-gaap:FinancingReceivables30To59DaysPastDueMember2020-09-300001263762us-gaap:UnallocatedFinancingReceivablesMemberus-gaap:FinancingReceivables60To89DaysPastDueMember2020-09-300001263762us-gaap:UnallocatedFinancingReceivablesMemberus-gaap:FinancingReceivables30To59DaysPastDueMember2020-09-300001263762us-gaap:FinancingReceivables60To89DaysPastDueMember2020-09-300001263762us-gaap:FinancingReceivables30To59DaysPastDueMember2020-09-300001263762us-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:FinancingReceivables60To89DaysPastDueMember2019-12-310001263762us-gaap:CommercialRealEstateMemberus-gaap:CommercialPortfolioSegmentMemberus-gaap:RealEstateLoanMemberus-gaap:FinancingReceivables30To59DaysPastDueMember2019-12-310001263762slct:MultiFamilyResidentialRealEstateMemberus-gaap:ConsumerPortfolioSegmentMemberus-gaap:RealEstateLoanMemberus-gaap:FinancingReceivables60To89DaysPastDueMember2019-12-310001263762slct:MultiFamilyResidentialRealEstateMemberus-gaap:ConsumerPortfolioSegmentMemberus-gaap:RealEstateLoanMemberus-gaap:FinancingReceivables30To59DaysPastDueMember2019-12-310001263762slct:LoansToIndividualsAndOverdraftsMemberus-gaap:CommercialPortfolioSegmentMemberslct:OtherLoanMemberus-gaap:FinancingReceivables60To89DaysPastDueMember2019-12-310001263762slct:LoansToIndividualsAndOverdraftsMemberus-gaap:CommercialPortfolioSegmentMemberslct:OtherLoanMemberus-gaap:FinancingReceivables30To59DaysPastDueMember2019-12-310001263762slct:FamilyResidentialRealEstate1To4Memberus-gaap:ResidentialPortfolioSegmentMemberus-gaap:RealEstateLoanMemberus-gaap:FinancingReceivables60To89DaysPastDueMember2019-12-310001263762slct:FamilyResidentialRealEstate1To4Memberus-gaap:ResidentialPortfolioSegmentMemberus-gaap:RealEstateLoanMemberus-gaap:FinancingReceivables30To59DaysPastDueMember2019-12-310001263762slct:ConstructionLoansRealEstateMemberus-gaap:CommercialPortfolioSegmentMemberus-gaap:RealEstateLoanMemberus-gaap:FinancingReceivables60To89DaysPastDueMember2019-12-310001263762slct:ConstructionLoansRealEstateMemberus-gaap:CommercialPortfolioSegmentMemberus-gaap:RealEstateLoanMemberus-gaap:FinancingReceivables30To59DaysPastDueMember2019-12-310001263762slct:CommercialAndIndustrialOtherMemberus-gaap:CommercialPortfolioSegmentMemberslct:OtherLoanMemberus-gaap:FinancingReceivables60To89DaysPastDueMember2019-12-310001263762slct:CommercialAndIndustrialOtherMemberus-gaap:CommercialPortfolioSegmentMemberslct:OtherLoanMemberus-gaap:FinancingReceivables30To59DaysPastDueMember2019-12-310001263762us-gaap:UnallocatedFinancingReceivablesMemberus-gaap:FinancingReceivables60To89DaysPastDueMember2019-12-310001263762us-gaap:UnallocatedFinancingReceivablesMemberus-gaap:FinancingReceivables30To59DaysPastDueMember2019-12-310001263762us-gaap:FinancingReceivables60To89DaysPastDueMember2019-12-310001263762us-gaap:FinancingReceivables30To59DaysPastDueMember2019-12-310001263762us-gaap:HomeEquityMemberus-gaap:ResidentialPortfolioSegmentMemberus-gaap:RealEstateLoanMember2019-12-310001263762slct:LoansToIndividualsAndOverdraftsMemberus-gaap:CommercialPortfolioSegmentMemberslct:OtherLoanMember2019-12-310001263762us-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMember2020-09-300001263762us-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMember2019-09-300001263762slct:LoansToIndividualsMemberus-gaap:CommercialPortfolioSegmentMemberslct:OtherLoanMember2020-01-012020-09-300001263762slct:FamilyResidentialRealEstate1To4Memberus-gaap:ResidentialPortfolioSegmentMemberus-gaap:RealEstateLoanMember2019-10-012020-09-300001263762slct:ConstructionLoansRealEstateMemberus-gaap:CommercialPortfolioSegmentMemberus-gaap:RealEstateLoanMember2019-10-012020-09-300001263762slct:CommercialAndIndustrialOtherMemberus-gaap:CommercialPortfolioSegmentMemberslct:OtherLoanMember2019-10-012020-09-3000012637622019-10-012020-09-300001263762slct:FamilyResidentialRealEstate1To4Memberus-gaap:ResidentialPortfolioSegmentMemberus-gaap:RealEstateLoanMember2018-10-012019-09-3000012637622018-10-012019-09-300001263762us-gaap:HomeEquityMemberus-gaap:PerformingFinancingReceivableMemberus-gaap:ResidentialPortfolioSegmentMemberus-gaap:RealEstateLoanMember2020-09-300001263762us-gaap:HomeEquityMemberus-gaap:NonperformingFinancingReceivableMemberus-gaap:ResidentialPortfolioSegmentMemberus-gaap:RealEstateLoanMember2020-09-300001263762us-gaap:CommercialRealEstateMemberus-gaap:PerformingFinancingReceivableMemberus-gaap:CommercialPortfolioSegmentMemberus-gaap:RealEstateLoanMember2020-09-300001263762us-gaap:CommercialRealEstateMemberus-gaap:NonperformingFinancingReceivableMemberus-gaap:CommercialPortfolioSegmentMemberus-gaap:RealEstateLoanMember2020-09-300001263762slct:MultiFamilyResidentialRealEstateMemberus-gaap:PerformingFinancingReceivableMemberus-gaap:ConsumerPortfolioSegmentMemberus-gaap:RealEstateLoanMember2020-09-300001263762slct:MultiFamilyResidentialRealEstateMemberus-gaap:NonperformingFinancingReceivableMemberus-gaap:ConsumerPortfolioSegmentMemberus-gaap:RealEstateLoanMember2020-09-300001263762slct:LoansToIndividualsAndOverdraftsMemberus-gaap:PerformingFinancingReceivableMemberus-gaap:CommercialPortfolioSegmentMemberslct:OtherLoanMember2020-09-300001263762slct:LoansToIndividualsAndOverdraftsMemberus-gaap:NonperformingFinancingReceivableMemberus-gaap:CommercialPortfolioSegmentMemberslct:OtherLoanMember2020-09-300001263762slct:FamilyResidentialRealEstate1To4Memberus-gaap:PerformingFinancingReceivableMemberus-gaap:ResidentialPortfolioSegmentMemberus-gaap:RealEstateLoanMember2020-09-300001263762slct:FamilyResidentialRealEstate1To4Memberus-gaap:NonperformingFinancingReceivableMemberus-gaap:ResidentialPortfolioSegmentMemberus-gaap:RealEstateLoanMember2020-09-300001263762slct:ConstructionLoansRealEstateMemberus-gaap:PerformingFinancingReceivableMemberus-gaap:CommercialPortfolioSegmentMemberus-gaap:RealEstateLoanMember2020-09-300001263762slct:ConstructionLoansRealEstateMemberus-gaap:NonperformingFinancingReceivableMemberus-gaap:CommercialPortfolioSegmentMemberus-gaap:RealEstateLoanMember2020-09-300001263762slct:CommercialAndIndustrialOtherMemberus-gaap:PerformingFinancingReceivableMemberus-gaap:CommercialPortfolioSegmentMemberslct:OtherLoanMember2020-09-300001263762slct:CommercialAndIndustrialOtherMemberus-gaap:NonperformingFinancingReceivableMemberus-gaap:CommercialPortfolioSegmentMemberslct:OtherLoanMember2020-09-300001263762us-gaap:PerformingFinancingReceivableMember2020-09-300001263762us-gaap:NonperformingFinancingReceivableMember2020-09-300001263762us-gaap:HomeEquityMemberus-gaap:PerformingFinancingReceivableMemberus-gaap:ResidentialPortfolioSegmentMemberus-gaap:RealEstateLoanMember2019-09-300001263762us-gaap:HomeEquityMemberus-gaap:NonperformingFinancingReceivableMemberus-gaap:ResidentialPortfolioSegmentMemberus-gaap:RealEstateLoanMember2019-09-300001263762us-gaap:CommercialRealEstateMemberus-gaap:PerformingFinancingReceivableMemberus-gaap:CommercialPortfolioSegmentMemberus-gaap:RealEstateLoanMember2019-09-300001263762us-gaap:CommercialRealEstateMemberus-gaap:NonperformingFinancingReceivableMemberus-gaap:CommercialPortfolioSegmentMemberus-gaap:RealEstateLoanMember2019-09-300001263762slct:MultiFamilyResidentialRealEstateMemberus-gaap:PerformingFinancingReceivableMemberus-gaap:ConsumerPortfolioSegmentMemberus-gaap:RealEstateLoanMember2019-09-300001263762slct:MultiFamilyResidentialRealEstateMemberus-gaap:NonperformingFinancingReceivableMemberus-gaap:ConsumerPortfolioSegmentMemberus-gaap:RealEstateLoanMember2019-09-300001263762slct:LoansToIndividualsAndOverdraftsMemberus-gaap:PerformingFinancingReceivableMemberus-gaap:CommercialPortfolioSegmentMemberslct:OtherLoanMember2019-09-300001263762slct:LoansToIndividualsAndOverdraftsMemberus-gaap:NonperformingFinancingReceivableMemberus-gaap:CommercialPortfolioSegmentMemberslct:OtherLoanMember2019-09-300001263762slct:FamilyResidentialRealEstate1To4Memberus-gaap:PerformingFinancingReceivableMemberus-gaap:ResidentialPortfolioSegmentMemberus-gaap:RealEstateLoanMember2019-09-300001263762slct:FamilyResidentialRealEstate1To4Memberus-gaap:NonperformingFinancingReceivableMemberus-gaap:ResidentialPortfolioSegmentMemberus-gaap:RealEstateLoanMember2019-09-300001263762slct:ConstructionLoansRealEstateMemberus-gaap:PerformingFinancingReceivableMemberus-gaap:CommercialPortfolioSegmentMemberus-gaap:RealEstateLoanMember2019-09-300001263762slct:ConstructionLoansRealEstateMemberus-gaap:NonperformingFinancingReceivableMemberus-gaap:CommercialPortfolioSegmentMemberus-gaap:RealEstateLoanMember2019-09-300001263762slct:CommercialAndIndustrialOtherMemberus-gaap:PerformingFinancingReceivableMemberus-gaap:CommercialPortfolioSegmentMemberslct:OtherLoanMember2019-09-300001263762slct:CommercialAndIndustrialOtherMemberus-gaap:NonperformingFinancingReceivableMemberus-gaap:CommercialPortfolioSegmentMemberslct:OtherLoanMember2019-09-300001263762us-gaap:PerformingFinancingReceivableMember2019-09-300001263762us-gaap:NonperformingFinancingReceivableMember2019-09-300001263762us-gaap:FairValueInputsLevel3Member2019-12-310001263762us-gaap:UnusedLinesOfCreditMember2020-09-300001263762us-gaap:FairValueInputsLevel3Member2020-09-300001263762us-gaap:UnallocatedFinancingReceivablesMember2020-09-300001263762us-gaap:UnallocatedFinancingReceivablesMember2019-12-310001263762us-gaap:CorporateDebtSecuritiesMember2020-09-300001263762slct:TemporarilyImpairedSecuritiesMember2020-09-300001263762us-gaap:USGovernmentAgenciesDebtSecuritiesMember2019-09-300001263762us-gaap:MortgageBackedSecuritiesIssuedByUSGovernmentSponsoredEnterprisesMember2019-09-300001263762slct:TemporarilyImpairedSecuritiesMember2019-09-300001263762us-gaap:DeferredCompensationShareBasedPaymentsMember2020-09-300001263762us-gaap:DeferredCompensationShareBasedPaymentsMember2019-12-310001263762us-gaap:AccountingStandardsUpdate201813Member2020-09-300001263762us-gaap:AccountingStandardsUpdate201704Member2020-09-300001263762us-gaap:AccountingStandardsUpdate201613Member2020-09-3000012637622020-06-3000012637622019-06-3000012637622018-12-310001263762us-gaap:FairValueInputsLevel1Member2020-09-300001263762us-gaap:FairValueInputsLevel1Member2019-12-310001263762slct:FirstCitizensBankAndTrustCompanyFormerlyEntegraBankThreeExistingBranchOfficesDepositsMajorityOfLoansPropertyEquipmentAndOtherSelectedAssetsMember2020-04-172020-04-170001263762slct:FirstCitizensBankAndTrustCompanyFormerlyEntegraBankThreeExistingBranchOfficesDepositsMajorityOfLoansPropertyEquipmentAndOtherSelectedAssetsMember2019-12-202019-12-200001263762us-gaap:FairValueInputsLevel2Member2020-09-300001263762us-gaap:EstimateOfFairValueFairValueDisclosureMember2020-09-300001263762us-gaap:FairValueInputsLevel2Member2019-12-310001263762us-gaap:EstimateOfFairValueFairValueDisclosureMember2019-12-310001263762us-gaap:FairValueInputsLevel2Memberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:USGovernmentAgenciesDebtSecuritiesMember2020-09-300001263762us-gaap:FairValueInputsLevel2Memberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:MunicipalBondsMember2020-09-300001263762us-gaap:FairValueInputsLevel2Memberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:MortgageBackedSecuritiesIssuedByUSGovernmentSponsoredEnterprisesMember2020-09-300001263762us-gaap:FairValueInputsLevel2Memberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:CorporateDebtSecuritiesMember2020-09-300001263762us-gaap:FairValueMeasurementsRecurringMemberus-gaap:USGovernmentAgenciesDebtSecuritiesMember2020-09-300001263762us-gaap:FairValueMeasurementsRecurringMemberus-gaap:MunicipalBondsMember2020-09-300001263762us-gaap:FairValueMeasurementsRecurringMemberus-gaap:MortgageBackedSecuritiesIssuedByUSGovernmentSponsoredEnterprisesMember2020-09-300001263762us-gaap:FairValueMeasurementsRecurringMemberus-gaap:CorporateDebtSecuritiesMember2020-09-300001263762us-gaap:FairValueInputsLevel2Memberus-gaap:FairValueMeasurementsRecurringMember2020-09-300001263762us-gaap:FairValueMeasurementsRecurringMember2020-09-300001263762us-gaap:FairValueInputsLevel2Memberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:USGovernmentAgenciesDebtSecuritiesMember2019-09-300001263762us-gaap:FairValueInputsLevel2Memberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:MunicipalBondsMember2019-09-300001263762us-gaap:FairValueInputsLevel2Memberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:MortgageBackedSecuritiesIssuedByUSGovernmentSponsoredEnterprisesMember2019-09-300001263762us-gaap:FairValueInputsLevel2Memberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:CorporateDebtSecuritiesMember2019-09-300001263762us-gaap:FairValueMeasurementsRecurringMemberus-gaap:USGovernmentAgenciesDebtSecuritiesMember2019-09-300001263762us-gaap:FairValueMeasurementsRecurringMemberus-gaap:MunicipalBondsMember2019-09-300001263762us-gaap:FairValueMeasurementsRecurringMemberus-gaap:MortgageBackedSecuritiesIssuedByUSGovernmentSponsoredEnterprisesMember2019-09-300001263762us-gaap:FairValueMeasurementsRecurringMemberus-gaap:CorporateDebtSecuritiesMember2019-09-300001263762us-gaap:FairValueInputsLevel2Memberus-gaap:FairValueMeasurementsRecurringMember2019-09-300001263762us-gaap:FairValueMeasurementsRecurringMember2019-09-300001263762us-gaap:USGovernmentAgenciesDebtSecuritiesMember2020-09-300001263762us-gaap:MunicipalBondsMember2020-09-300001263762us-gaap:MortgageBackedSecuritiesIssuedByUSGovernmentSponsoredEnterprisesMember2020-09-300001263762slct:CorporateBondsMember2020-09-300001263762us-gaap:USGovernmentAgenciesDebtSecuritiesMember2019-12-310001263762us-gaap:MunicipalBondsMember2019-12-310001263762us-gaap:MortgageBackedSecuritiesIssuedByUSGovernmentSponsoredEnterprisesMember2019-12-310001263762slct:CorporateBondsMember2019-12-310001263762us-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsNonrecurringMember2020-09-300001263762us-gaap:FairValueMeasurementsNonrecurringMember2020-09-300001263762us-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsNonrecurringMember2019-12-310001263762us-gaap:FairValueMeasurementsNonrecurringMember2019-12-3100012637622019-01-012019-12-310001263762us-gaap:HomeEquityMemberus-gaap:PerformingFinancingReceivableMemberus-gaap:ResidentialPortfolioSegmentMemberus-gaap:RealEstateLoanMember2020-07-012020-09-300001263762us-gaap:HomeEquityMemberus-gaap:NonperformingFinancingReceivableMemberus-gaap:ResidentialPortfolioSegmentMemberus-gaap:RealEstateLoanMember2020-07-012020-09-300001263762us-gaap:CommercialRealEstateMemberus-gaap:PerformingFinancingReceivableMemberus-gaap:CommercialPortfolioSegmentMemberus-gaap:RealEstateLoanMember2020-07-012020-09-300001263762us-gaap:CommercialRealEstateMemberus-gaap:NonperformingFinancingReceivableMemberus-gaap:CommercialPortfolioSegmentMemberus-gaap:RealEstateLoanMember2020-07-012020-09-300001263762slct:MultiFamilyResidentialRealEstateMemberus-gaap:PerformingFinancingReceivableMemberus-gaap:ConsumerPortfolioSegmentMemberus-gaap:RealEstateLoanMember2020-07-012020-09-300001263762slct:MultiFamilyResidentialRealEstateMemberus-gaap:NonperformingFinancingReceivableMemberus-gaap:ConsumerPortfolioSegmentMemberus-gaap:RealEstateLoanMember2020-07-012020-09-300001263762slct:LoansToIndividualsAndOverdraftsMemberus-gaap:PerformingFinancingReceivableMemberus-gaap:CommercialPortfolioSegmentMemberslct:OtherLoanMember2020-07-012020-09-300001263762slct:LoansToIndividualsAndOverdraftsMemberus-gaap:NonperformingFinancingReceivableMemberus-gaap:CommercialPortfolioSegmentMemberslct:OtherLoanMember2020-07-012020-09-300001263762slct:FamilyResidentialRealEstate1To4Memberus-gaap:PerformingFinancingReceivableMemberus-gaap:ResidentialPortfolioSegmentMemberus-gaap:RealEstateLoanMember2020-07-012020-09-300001263762slct:FamilyResidentialRealEstate1To4Memberus-gaap:NonperformingFinancingReceivableMemberus-gaap:ResidentialPortfolioSegmentMemberus-gaap:RealEstateLoanMember2020-07-012020-09-300001263762slct:ConstructionLoansRealEstateMemberus-gaap:PerformingFinancingReceivableMemberus-gaap:CommercialPortfolioSegmentMemberus-gaap:RealEstateLoanMember2020-07-012020-09-300001263762slct:ConstructionLoansRealEstateMemberus-gaap:NonperformingFinancingReceivableMemberus-gaap:CommercialPortfolioSegmentMemberus-gaap:RealEstateLoanMember2020-07-012020-09-300001263762slct:CommercialAndIndustrialOtherMemberus-gaap:PerformingFinancingReceivableMemberus-gaap:CommercialPortfolioSegmentMemberslct:OtherLoanMember2020-07-012020-09-300001263762slct:CommercialAndIndustrialOtherMemberus-gaap:NonperformingFinancingReceivableMemberus-gaap:CommercialPortfolioSegmentMemberslct:OtherLoanMember2020-07-012020-09-300001263762us-gaap:HomeEquityMemberus-gaap:ResidentialPortfolioSegmentMemberus-gaap:RealEstateLoanMember2020-07-012020-09-300001263762us-gaap:CommercialRealEstateMemberus-gaap:CommercialPortfolioSegmentMemberus-gaap:RealEstateLoanMember2020-07-012020-09-300001263762slct:MultiFamilyResidentialRealEstateMemberus-gaap:ConsumerPortfolioSegmentMemberus-gaap:RealEstateLoanMember2020-07-012020-09-300001263762slct:LoansToIndividualsAndOverdraftsMemberus-gaap:CommercialPortfolioSegmentMemberslct:OtherLoanMember2020-07-012020-09-300001263762slct:FamilyResidentialRealEstate1To4Memberus-gaap:ResidentialPortfolioSegmentMemberus-gaap:RealEstateLoanMember2020-07-012020-09-300001263762slct:ConstructionLoansRealEstateMemberus-gaap:CommercialPortfolioSegmentMemberus-gaap:RealEstateLoanMember2020-07-012020-09-300001263762slct:CommercialAndIndustrialOtherMemberus-gaap:CommercialPortfolioSegmentMemberslct:OtherLoanMember2020-07-012020-09-300001263762us-gaap:PerformingFinancingReceivableMember2020-07-012020-09-300001263762us-gaap:NonperformingFinancingReceivableMember2020-07-012020-09-300001263762us-gaap:HomeEquityMemberus-gaap:PerformingFinancingReceivableMemberus-gaap:ResidentialPortfolioSegmentMemberus-gaap:RealEstateLoanMember2020-01-012020-09-300001263762us-gaap:HomeEquityMemberus-gaap:NonperformingFinancingReceivableMemberus-gaap:ResidentialPortfolioSegmentMemberus-gaap:RealEstateLoanMember2020-01-012020-09-300001263762us-gaap:CommercialRealEstateMemberus-gaap:PerformingFinancingReceivableMemberus-gaap:CommercialPortfolioSegmentMemberus-gaap:RealEstateLoanMember2020-01-012020-09-300001263762us-gaap:CommercialRealEstateMemberus-gaap:NonperformingFinancingReceivableMemberus-gaap:CommercialPortfolioSegmentMemberus-gaap:RealEstateLoanMember2020-01-012020-09-300001263762slct:MultiFamilyResidentialRealEstateMemberus-gaap:PerformingFinancingReceivableMemberus-gaap:ConsumerPortfolioSegmentMemberus-gaap:RealEstateLoanMember2020-01-012020-09-300001263762slct:MultiFamilyResidentialRealEstateMemberus-gaap:NonperformingFinancingReceivableMemberus-gaap:ConsumerPortfolioSegmentMemberus-gaap:RealEstateLoanMember2020-01-012020-09-300001263762slct:LoansToIndividualsAndOverdraftsMemberus-gaap:PerformingFinancingReceivableMemberus-gaap:CommercialPortfolioSegmentMemberslct:OtherLoanMember2020-01-012020-09-300001263762slct:LoansToIndividualsAndOverdraftsMemberus-gaap:NonperformingFinancingReceivableMemberus-gaap:CommercialPortfolioSegmentMemberslct:OtherLoanMember2020-01-012020-09-300001263762slct:FamilyResidentialRealEstate1To4Memberus-gaap:PerformingFinancingReceivableMemberus-gaap:ResidentialPortfolioSegmentMemberus-gaap:RealEstateLoanMember2020-01-012020-09-300001263762slct:FamilyResidentialRealEstate1To4Memberus-gaap:NonperformingFinancingReceivableMemberus-gaap:ResidentialPortfolioSegmentMemberus-gaap:RealEstateLoanMember2020-01-012020-09-300001263762slct:ConstructionLoansRealEstateMemberus-gaap:PerformingFinancingReceivableMemberus-gaap:CommercialPortfolioSegmentMemberus-gaap:RealEstateLoanMember2020-01-012020-09-300001263762slct:ConstructionLoansRealEstateMemberus-gaap:NonperformingFinancingReceivableMemberus-gaap:CommercialPortfolioSegmentMemberus-gaap:RealEstateLoanMember2020-01-012020-09-300001263762slct:CommercialAndIndustrialOtherMemberus-gaap:PerformingFinancingReceivableMemberus-gaap:CommercialPortfolioSegmentMemberslct:OtherLoanMember2020-01-012020-09-300001263762slct:CommercialAndIndustrialOtherMemberus-gaap:NonperformingFinancingReceivableMemberus-gaap:CommercialPortfolioSegmentMemberslct:OtherLoanMember2020-01-012020-09-300001263762us-gaap:HomeEquityMemberus-gaap:ResidentialPortfolioSegmentMemberus-gaap:RealEstateLoanMember2020-01-012020-09-300001263762us-gaap:CommercialRealEstateMemberus-gaap:CommercialPortfolioSegmentMemberus-gaap:RealEstateLoanMember2020-01-012020-09-300001263762slct:MultiFamilyResidentialRealEstateMemberus-gaap:ConsumerPortfolioSegmentMemberus-gaap:RealEstateLoanMember2020-01-012020-09-300001263762slct:LoansToIndividualsAndOverdraftsMemberus-gaap:CommercialPortfolioSegmentMemberslct:OtherLoanMember2020-01-012020-09-300001263762slct:FamilyResidentialRealEstate1To4Memberus-gaap:ResidentialPortfolioSegmentMemberus-gaap:RealEstateLoanMember2020-01-012020-09-300001263762slct:ConstructionLoansRealEstateMemberus-gaap:CommercialPortfolioSegmentMemberus-gaap:RealEstateLoanMember2020-01-012020-09-300001263762slct:CommercialAndIndustrialOtherMemberus-gaap:CommercialPortfolioSegmentMemberslct:OtherLoanMember2020-01-012020-09-300001263762us-gaap:PerformingFinancingReceivableMember2020-01-012020-09-300001263762us-gaap:NonperformingFinancingReceivableMember2020-01-012020-09-300001263762us-gaap:HomeEquityMemberus-gaap:PerformingFinancingReceivableMemberus-gaap:ResidentialPortfolioSegmentMemberus-gaap:RealEstateLoanMember2019-07-012019-09-300001263762us-gaap:HomeEquityMemberus-gaap:NonperformingFinancingReceivableMemberus-gaap:ResidentialPortfolioSegmentMemberus-gaap:RealEstateLoanMember2019-07-012019-09-300001263762us-gaap:CommercialRealEstateMemberus-gaap:PerformingFinancingReceivableMemberus-gaap:CommercialPortfolioSegmentMemberus-gaap:RealEstateLoanMember2019-07-012019-09-300001263762us-gaap:CommercialRealEstateMemberus-gaap:NonperformingFinancingReceivableMemberus-gaap:CommercialPortfolioSegmentMemberus-gaap:RealEstateLoanMember2019-07-012019-09-300001263762slct:MultiFamilyResidentialRealEstateMemberus-gaap:PerformingFinancingReceivableMemberus-gaap:ConsumerPortfolioSegmentMemberus-gaap:RealEstateLoanMember2019-07-012019-09-300001263762slct:MultiFamilyResidentialRealEstateMemberus-gaap:NonperformingFinancingReceivableMemberus-gaap:ConsumerPortfolioSegmentMemberus-gaap:RealEstateLoanMember2019-07-012019-09-300001263762slct:LoansToIndividualsAndOverdraftsMemberus-gaap:PerformingFinancingReceivableMemberus-gaap:CommercialPortfolioSegmentMemberslct:OtherLoanMember2019-07-012019-09-300001263762slct:LoansToIndividualsAndOverdraftsMemberus-gaap:NonperformingFinancingReceivableMemberus-gaap:CommercialPortfolioSegmentMemberslct:OtherLoanMember2019-07-012019-09-300001263762slct:FamilyResidentialRealEstate1To4Memberus-gaap:PerformingFinancingReceivableMemberus-gaap:ResidentialPortfolioSegmentMemberus-gaap:RealEstateLoanMember2019-07-012019-09-300001263762slct:FamilyResidentialRealEstate1To4Memberus-gaap:NonperformingFinancingReceivableMemberus-gaap:ResidentialPortfolioSegmentMemberus-gaap:RealEstateLoanMember2019-07-012019-09-300001263762slct:ConstructionLoansRealEstateMemberus-gaap:PerformingFinancingReceivableMemberus-gaap:CommercialPortfolioSegmentMemberus-gaap:RealEstateLoanMember2019-07-012019-09-300001263762slct:ConstructionLoansRealEstateMemberus-gaap:NonperformingFinancingReceivableMemberus-gaap:CommercialPortfolioSegmentMemberus-gaap:RealEstateLoanMember2019-07-012019-09-300001263762slct:CommercialAndIndustrialOtherMemberus-gaap:PerformingFinancingReceivableMemberus-gaap:CommercialPortfolioSegmentMemberslct:OtherLoanMember2019-07-012019-09-300001263762slct:CommercialAndIndustrialOtherMemberus-gaap:NonperformingFinancingReceivableMemberus-gaap:CommercialPortfolioSegmentMemberslct:OtherLoanMember2019-07-012019-09-300001263762us-gaap:HomeEquityMemberus-gaap:ResidentialPortfolioSegmentMemberus-gaap:RealEstateLoanMember2019-07-012019-09-300001263762us-gaap:CommercialRealEstateMemberus-gaap:CommercialPortfolioSegmentMemberus-gaap:RealEstateLoanMember2019-07-012019-09-300001263762slct:MultiFamilyResidentialRealEstateMemberus-gaap:ConsumerPortfolioSegmentMemberus-gaap:RealEstateLoanMember2019-07-012019-09-300001263762slct:LoansToIndividualsAndOverdraftsMemberus-gaap:CommercialPortfolioSegmentMemberslct:OtherLoanMember2019-07-012019-09-300001263762slct:FamilyResidentialRealEstate1To4Memberus-gaap:ResidentialPortfolioSegmentMemberus-gaap:RealEstateLoanMember2019-07-012019-09-300001263762slct:ConstructionLoansRealEstateMemberus-gaap:CommercialPortfolioSegmentMemberus-gaap:RealEstateLoanMember2019-07-012019-09-300001263762slct:CommercialAndIndustrialOtherMemberus-gaap:CommercialPortfolioSegmentMemberslct:OtherLoanMember2019-07-012019-09-300001263762us-gaap:PerformingFinancingReceivableMember2019-07-012019-09-300001263762us-gaap:NonperformingFinancingReceivableMember2019-07-012019-09-300001263762us-gaap:HomeEquityMemberus-gaap:PerformingFinancingReceivableMemberus-gaap:ResidentialPortfolioSegmentMemberus-gaap:RealEstateLoanMember2019-01-012019-09-300001263762us-gaap:HomeEquityMemberus-gaap:NonperformingFinancingReceivableMemberus-gaap:ResidentialPortfolioSegmentMemberus-gaap:RealEstateLoanMember2019-01-012019-09-300001263762us-gaap:CommercialRealEstateMemberus-gaap:PerformingFinancingReceivableMemberus-gaap:CommercialPortfolioSegmentMemberus-gaap:RealEstateLoanMember2019-01-012019-09-300001263762us-gaap:CommercialRealEstateMemberus-gaap:NonperformingFinancingReceivableMemberus-gaap:CommercialPortfolioSegmentMemberus-gaap:RealEstateLoanMember2019-01-012019-09-300001263762slct:MultiFamilyResidentialRealEstateMemberus-gaap:PerformingFinancingReceivableMemberus-gaap:ConsumerPortfolioSegmentMemberus-gaap:RealEstateLoanMember2019-01-012019-09-300001263762slct:MultiFamilyResidentialRealEstateMemberus-gaap:NonperformingFinancingReceivableMemberus-gaap:ConsumerPortfolioSegmentMemberus-gaap:RealEstateLoanMember2019-01-012019-09-300001263762slct:LoansToIndividualsAndOverdraftsMemberus-gaap:PerformingFinancingReceivableMemberus-gaap:CommercialPortfolioSegmentMemberslct:OtherLoanMember2019-01-012019-09-300001263762slct:LoansToIndividualsAndOverdraftsMemberus-gaap:NonperformingFinancingReceivableMemberus-gaap:CommercialPortfolioSegmentMemberslct:OtherLoanMember2019-01-012019-09-300001263762slct:FamilyResidentialRealEstate1To4Memberus-gaap:PerformingFinancingReceivableMemberus-gaap:ResidentialPortfolioSegmentMemberus-gaap:RealEstateLoanMember2019-01-012019-09-300001263762slct:FamilyResidentialRealEstate1To4Memberus-gaap:NonperformingFinancingReceivableMemberus-gaap:ResidentialPortfolioSegmentMemberus-gaap:RealEstateLoanMember2019-01-012019-09-300001263762slct:ConstructionLoansRealEstateMemberus-gaap:PerformingFinancingReceivableMemberus-gaap:CommercialPortfolioSegmentMemberus-gaap:RealEstateLoanMember2019-01-012019-09-300001263762slct:ConstructionLoansRealEstateMemberus-gaap:NonperformingFinancingReceivableMemberus-gaap:CommercialPortfolioSegmentMemberus-gaap:RealEstateLoanMember2019-01-012019-09-300001263762slct:CommercialAndIndustrialOtherMemberus-gaap:PerformingFinancingReceivableMemberus-gaap:CommercialPortfolioSegmentMemberslct:OtherLoanMember2019-01-012019-09-300001263762slct:CommercialAndIndustrialOtherMemberus-gaap:NonperformingFinancingReceivableMemberus-gaap:CommercialPortfolioSegmentMemberslct:OtherLoanMember2019-01-012019-09-300001263762us-gaap:HomeEquityMemberus-gaap:ResidentialPortfolioSegmentMemberus-gaap:RealEstateLoanMember2019-01-012019-09-300001263762us-gaap:CommercialRealEstateMemberus-gaap:CommercialPortfolioSegmentMemberus-gaap:RealEstateLoanMember2019-01-012019-09-300001263762slct:MultiFamilyResidentialRealEstateMemberus-gaap:ConsumerPortfolioSegmentMemberus-gaap:RealEstateLoanMember2019-01-012019-09-300001263762slct:LoansToIndividualsAndOverdraftsMemberus-gaap:CommercialPortfolioSegmentMemberslct:OtherLoanMember2019-01-012019-09-300001263762slct:FamilyResidentialRealEstate1To4Memberus-gaap:ResidentialPortfolioSegmentMemberus-gaap:RealEstateLoanMember2019-01-012019-09-300001263762slct:ConstructionLoansRealEstateMemberus-gaap:CommercialPortfolioSegmentMemberus-gaap:RealEstateLoanMember2019-01-012019-09-300001263762slct:CommercialAndIndustrialOtherMemberus-gaap:CommercialPortfolioSegmentMemberslct:OtherLoanMember2019-01-012019-09-300001263762us-gaap:PerformingFinancingReceivableMember2019-01-012019-09-300001263762us-gaap:NonperformingFinancingReceivableMember2019-01-012019-09-300001263762us-gaap:AdditionalPaidInCapitalMember2020-07-012020-09-300001263762us-gaap:AdditionalPaidInCapitalMember2020-04-012020-06-3000012637622020-04-012020-06-300001263762us-gaap:AdditionalPaidInCapitalMember2020-01-012020-03-3100012637622020-01-012020-03-310001263762us-gaap:AdditionalPaidInCapitalMember2019-07-012019-09-300001263762us-gaap:AdditionalPaidInCapitalMember2019-04-012019-06-3000012637622019-04-012019-06-300001263762us-gaap:AdditionalPaidInCapitalMember2019-01-012019-03-3100012637622019-01-012019-03-310001263762slct:OverdraftsMemberus-gaap:CommercialPortfolioSegmentMemberslct:OtherLoanMember2020-09-300001263762slct:LoansToIndividualsMemberus-gaap:CommercialPortfolioSegmentMemberslct:OtherLoanMember2020-09-300001263762us-gaap:HomeEquityMemberus-gaap:ResidentialPortfolioSegmentMember2020-09-300001263762us-gaap:RealEstateLoanMember2020-09-300001263762slct:OtherLoanMember2020-09-300001263762us-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:MinimumMember2020-09-300001263762srt:MaximumMember2020-09-300001263762srt:MinimumMemberus-gaap:FairValueMeasurementsNonrecurringMember2020-09-300001263762srt:MaximumMemberus-gaap:FairValueMeasurementsNonrecurringMember2020-09-300001263762slct:CommercialAndIndustrialOtherMemberus-gaap:CommercialPortfolioSegmentMemberslct:OtherLoanMemberslct:SmallBusinessAdministrationSbaCaresActPaycheckProtectionProgramMember2020-09-300001263762slct:CommercialAndIndustrialOtherMemberus-gaap:CommercialPortfolioSegmentMemberslct:OtherLoanMemberslct:SmallBusinessAdministrationSbaCaresActPaycheckProtectionProgramMember2020-01-012020-09-300001263762us-gaap:HomeEquityMemberus-gaap:ResidentialPortfolioSegmentMemberus-gaap:RealEstateLoanMember2020-09-300001263762us-gaap:CommercialRealEstateMemberus-gaap:CommercialPortfolioSegmentMemberus-gaap:RealEstateLoanMember2020-09-300001263762slct:MultiFamilyResidentialRealEstateMemberus-gaap:ConsumerPortfolioSegmentMemberus-gaap:RealEstateLoanMember2020-09-300001263762slct:LoansToIndividualsAndOverdraftsMemberus-gaap:CommercialPortfolioSegmentMemberslct:OtherLoanMember2020-09-300001263762slct:FamilyResidentialRealEstate1To4Memberus-gaap:ResidentialPortfolioSegmentMemberus-gaap:RealEstateLoanMember2020-09-300001263762slct:ConstructionLoansRealEstateMemberus-gaap:CommercialPortfolioSegmentMemberus-gaap:RealEstateLoanMember2020-09-300001263762slct:CommercialAndIndustrialOtherMemberus-gaap:CommercialPortfolioSegmentMemberslct:OtherLoanMember2020-09-300001263762us-gaap:HomeEquityMemberus-gaap:ResidentialPortfolioSegmentMemberus-gaap:RealEstateLoanMember2019-09-300001263762us-gaap:CommercialRealEstateMemberus-gaap:CommercialPortfolioSegmentMemberus-gaap:RealEstateLoanMember2019-09-300001263762slct:MultiFamilyResidentialRealEstateMemberus-gaap:ConsumerPortfolioSegmentMemberus-gaap:RealEstateLoanMember2019-09-300001263762slct:LoansToIndividualsAndOverdraftsMemberus-gaap:CommercialPortfolioSegmentMemberslct:OtherLoanMember2019-09-300001263762slct:FamilyResidentialRealEstate1To4Memberus-gaap:ResidentialPortfolioSegmentMemberus-gaap:RealEstateLoanMember2019-09-300001263762slct:ConstructionLoansRealEstateMemberus-gaap:CommercialPortfolioSegmentMemberus-gaap:RealEstateLoanMember2019-09-300001263762slct:CommercialAndIndustrialOtherMemberus-gaap:CommercialPortfolioSegmentMemberslct:OtherLoanMember2019-09-300001263762slct:FinancialAsset1To89DaysPastDueMember2020-09-300001263762slct:FinancialAsset1To89DaysPastDueMember2019-09-3000012637622019-09-300001263762us-gaap:DeferredCompensationShareBasedPaymentsMember2020-07-012020-09-300001263762slct:CommonStockIssuedToDeferredCompensationTrustMember2020-07-012020-09-300001263762us-gaap:DeferredCompensationShareBasedPaymentsMember2020-04-012020-06-300001263762slct:CommonStockIssuedToDeferredCompensationTrustMember2020-04-012020-06-300001263762us-gaap:DeferredCompensationShareBasedPaymentsMember2020-01-012020-03-310001263762slct:CommonStockIssuedToDeferredCompensationTrustMember2020-01-012020-03-310001263762us-gaap:DeferredCompensationShareBasedPaymentsMember2019-07-012019-09-300001263762slct:CommonStockIssuedToDeferredCompensationTrustMember2019-07-012019-09-300001263762us-gaap:DeferredCompensationShareBasedPaymentsMember2019-01-012019-03-310001263762slct:CommonStockIssuedToDeferredCompensationTrustMember2019-01-012019-03-3100012637622020-07-012020-09-3000012637622019-07-012019-09-300001263762slct:FirstCitizensBankAndTrustCompanyFormerlyEntegraBankThreeExistingBranchOfficesDepositsMajorityOfLoansPropertyEquipmentAndOtherSelectedAssetsMemberus-gaap:PerformingFinancingReceivableMember2020-04-170001263762slct:FirstCitizensBankAndTrustCompanyFormerlyEntegraBankThreeExistingBranchOfficesDepositsMajorityOfLoansPropertyEquipmentAndOtherSelectedAssetsMemberus-gaap:NonperformingFinancingReceivableMember2020-04-170001263762srt:ScenarioPreviouslyReportedMemberslct:FirstCitizensBankAndTrustCompanyFormerlyEntegraBankThreeExistingBranchOfficesDepositsMajorityOfLoansPropertyEquipmentAndOtherSelectedAssetsMember2020-04-170001263762srt:RestatementAdjustmentMemberslct:FirstCitizensBankAndTrustCompanyFormerlyEntegraBankThreeExistingBranchOfficesDepositsMajorityOfLoansPropertyEquipmentAndOtherSelectedAssetsMember2020-04-170001263762slct:FirstCitizensBankAndTrustCompanyFormerlyEntegraBankThreeExistingBranchOfficesDepositsMajorityOfLoansPropertyEquipmentAndOtherSelectedAssetsMember2020-04-170001263762slct:FirstCitizensBankAndTrustCompanyFormerlyEntegraBankThreeExistingBranchOfficesDepositsMajorityOfLoansPropertyEquipmentAndOtherSelectedAssetsMember2020-01-012020-09-300001263762slct:FirstCitizensBankAndTrustCompanyFormerlyEntegraBankThreeExistingBranchOfficesDepositsMajorityOfLoansPropertyEquipmentAndOtherSelectedAssetsMember2019-01-012019-09-3000012637622020-09-3000012637622019-12-3100012637622019-01-012019-09-3000012637622020-10-3000012637622020-01-012020-09-30xbrli: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 September 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  October 30, 2020, the registrant had outstanding 17,786,552 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
September 30, 2020 and December 31, 2019

3

Consolidated Statements of Operations
Three Months and Nine Months Ended September 30, 2020 and 2019

4

Consolidated Statements of Comprehensive Income
Three Months and Nine Months Ended September 30, 2020 and 2019

5

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

6

Consolidated Statements of Cash Flows
Nine Months Ended September 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

55

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

September 30, 2020

December 31, 

    

(unaudited)

    

2019*

(In thousands, except share

and per share data)

ASSETS

Cash and due from banks

$

25,068

$

19,110

Interest-earning deposits in other banks

 

249,541

 

50,920

Federal funds sold

 

8,046

 

9,047

Investment securities available for sale, at fair value

 

87,434

 

72,367

Loans held for sale

 

2,945

 

928

Loans

 

1,283,457

 

1,029,975

Allowance for loan losses

 

(13,561)

 

(8,324)

NET LOANS

 

1,269,896

 

1,021,651

Accrued interest receivable

 

4,486

 

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

 

3,237

 

3,533

Premises and equipment, net

 

20,883

 

17,791

Right of use lease asset

8,756

8,596

Bank owned life insurance

 

30,271

 

29,789

Goodwill

 

41,914

 

24,579

Core deposit intangible (“CDI”)

 

1,677

 

1,610

Other assets

 

14,015

 

7,202

TOTAL ASSETS

$

1,771,946

$

1,275,076

LIABILITIES AND SHAREHOLDERS’ EQUITY

 

  

 

  

Deposits:

 

  

 

  

Demand

$

408,209

$

240,305

Savings

 

51,629

 

43,128

Money market and NOW

 

610,275

 

280,145

Time

 

402,667

 

429,260

TOTAL DEPOSITS

 

1,472,780

 

992,838

Short-term debt

 

20,000

 

Long-term debt

 

37,372

 

57,372

Lease liability

9,089

8,813

Accrued interest payable

 

449

 

578

Accrued expenses and other liabilities

 

18,889

 

2,700

TOTAL LIABILITIES

 

1,558,579

 

1,062,301

Shareholders’ Equity

 

  

 

  

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

 

 

Common stock, $1 par value, 50,000,000 shares authorized; 17,786,552 and 18,330,058 shares issued and outstanding at September 30, 2020 and December 31, 2019, respectively

 

17,787

 

18,330

Additional paid-in capital

 

137,130

 

140,870

Retained earnings

 

56,917

 

52,675

Common stock issued to deferred compensation trust, at cost; 263,377 and 319,753 shares outstanding at September 30, 2020 and December 31, 2019, respectively

 

(2,352)

 

(2,815)

Directors’ Deferred Compensation Plan Rabbi Trust

 

2,352

 

2,815

Accumulated other comprehensive income

 

1,533

 

900

TOTAL SHAREHOLDERS’ EQUITY

 

213,367

 

212,775

TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY

$

1,771,946

$

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

Nine Months Ended

September 30, 

September 30, 

    

2020

    

2019

2020

    

2019

(In thousands, except share and per share data)

(In thousands, except share and per share data)

INTEREST INCOME

Loans

$

15,404

$

13,924

$

43,079

$

40,481

Federal funds sold and interest-earning deposits in other banks

 

54

 

581

 

255

 

1,580

Investments

 

367

 

503

 

1,169

 

1,569

TOTAL INTEREST INCOME

 

15,825

 

15,008

 

44,503

 

43,630

INTEREST EXPENSE

 

  

 

  

 

  

 

  

Money market, NOW and savings deposits

 

891

 

433

 

1,887

 

1,196

Time deposits

 

1,415

 

2,248

 

4,922

 

5,986

Short-term debt

 

145

 

4

 

373

 

56

Long-term debt

 

263

 

455

 

896

 

1,370

TOTAL INTEREST EXPENSE

 

2,714

 

3,140

 

8,078

 

8,608

NET INTEREST INCOME

 

13,111

 

11,868

 

36,425

 

35,022

PROVISION FOR LOAN LOSSES

 

1,638

 

231

 

5,844

 

136

NET INTEREST INCOME AFTER PROVISION FOR LOAN LOSSES

 

11,473

 

11,637

 

30,581

 

34,886

NON-INTEREST INCOME

 

  

 

  

 

  

 

  

Gain on the sale of securities

 

 

48

 

 

48

Service charges on deposit accounts

 

257

 

308

 

801

 

858

Fees from the sale of mortgages

 

517

 

218

 

1,165

 

605

Other fees and income

 

950

 

874

 

2,613

 

2,462

TOTAL NON-INTEREST INCOME

 

1,724

 

1,448

 

4,579

 

3,973

NON-INTEREST EXPENSE

 

  

 

  

 

  

 

  

Personnel

 

5,742

 

5,124

 

17,160

 

15,126

Occupancy and equipment

 

1,008

 

1,073

 

2,925

 

2,722

Deposit insurance

 

370

 

(30)

 

434

 

165

Professional fees

 

399

 

518

 

1,222

 

1,383

Core deposit intangible amortization

 

179

 

208

 

553

 

632

Merger/acquisition related expenses

 

7

 

128

 

755

 

235

Information systems

 

1,043

 

852

 

3,053

 

2,518

Foreclosure-related expenses

 

228

 

(9)

 

420

 

31

Other

 

1,091

 

1,067

 

3,294

 

3,234

TOTAL NON-INTEREST EXPENSE

 

10,067

 

8,931

 

29,816

 

26,046

INCOME BEFORE INCOME TAX

 

3,130

 

4,154

 

5,344

 

12,813

INCOME TAX

 

673

 

915

 

1,102

 

2,819

NET INCOME

 

2,457

 

3,239

 

4,242

 

9,994

Basic

$

0.14

$

0.17

$

0.24

$

0.52

Diluted

$

0.14

$

0.17

$

0.23

$

0.52

WEIGHTED AVERAGE COMMON SHARES OUTSTANDING

 

 

  

 

 

  

Basic

 

17,847,913

 

19,028,572

 

18,038,345

 

19,219,820

Diluted

 

17,866,822

 

19,073,235

 

18,062,170

 

19,266,480

See accompanying notes.

4

Table of Contents

SELECT BANCORP, INC.

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (Unaudited)

Three Months Ended

Nine Months Ended

September 30, 

September 30, 

    

2020

    

2019

2020

    

2019

(In thousands)

Net income

$

2,457

$

3,239

$

4,242

$

9,994

Other comprehensive income (loss):

 

  

 

  

 

  

 

  

Unrealized gains (loss) on investment securities-available for sale

 

(161)

 

196

 

822

 

1,454

Tax effect

 

38

 

(48)

 

(189)

 

(334)

Total

 

(123)

 

148

 

633

 

1,120

Reclassification adjustment for (gains) included in net income

 

 

(48)

 

 

(48)

Tax effect

 

 

11

 

 

11

 

 

(37)

 

 

(37)

Total

 

(123)

 

111

 

633

 

1,083

Total comprehensive income

$

2,334

$

3,350

$

4,875

$

11,077

See accompanying notes.

5

Table of Contents

SELECT BANCORP, INC.

CONSOLIDATED STATEMENTS OF CHANGES IN SHAREHOLDERS’ EQUITY (Unaudited)

Common Stock

Issued

Accumulated

Additional

to Deferred

Other

Total

Preferred Stock

Common Stock

paid-in

Retained

Deferred

Compensation

Comprehensive

Shareholders’

Shares

    

Amount

    

Shares

    

Amount

    

Capital

    

Earnings

    

Comp Plan

    

Trust

    

Income

    

Equity

Balance at December 31, 2019

 

$

 

18,330,058

 

$

18,330

 

$

140,870

 

$

52,675

 

$

(2,815)

 

$

2,815

 

$

900

 

$

212,775

Net income

 

 

 

 

 

1,104

 

 

 

 

1,104

Other comprehensive income

 

 

 

 

 

 

 

 

562

 

562

Stock repurchases

(275,366)

(275)

(2,193)