Bay Banks of Virginia (BAYK) 10-K 28 Mar 16 2015 FY Annual report Financial data

Document and Entity Information

Document and Entity Information - USD ($)	12 Months Ended
	Dec. 31, 2015	Mar. 01, 2016	Jun. 30, 2015
Document Information [Line Items]
Document Type	10-K
Amendment Flag	false
Document Period End Date	Dec. 31, 2015
Document Fiscal Year Focus	2,015
Document Fiscal Period Focus	FY
Trading Symbol	BAYK
Entity Registrant Name	BAY BANKS OF VIRGINIA INC
Entity Central Index Key	1,034,594
Current Fiscal Year End Date	--12-31
Entity Well-known Seasoned Issuer	No
Entity Current Reporting Status	Yes
Entity Voluntary Filers	No
Entity Filer Category	Smaller Reporting Company
Entity Common Stock, Shares Outstanding		4,774,856
Entity Public Float			$ 25,224,492

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($) $ in Thousands	Dec. 31, 2015	Dec. 31, 2014
ASSETS
Cash and due from banks	$ 4,969	$ 6,181
Interest-bearing deposits	15,330	14,784
Federal funds sold	271	119
Securities available-for-sale, at fair value	59,825	42,604
Restricted securities	2,731	2,430
Loans receivable, net of allowance for loan losses of $4,223 and $3,205	343,323	295,242
Loans held for sale	270
Premises and equipment, net	11,646	11,882
Accrued interest receivable	1,318	1,197
Other real estate owned, net	1,870	2,791
Bank owned life insurance	7,595	7,348
Goodwill	2,808	2,808
Mortgage servicing rights	658	596
Other assets	3,682	2,504
Total assets	456,296	390,486
LIABILITIES
Noninterest-bearing deposits	65,842	63,308
Savings and interest-bearing demand deposits	166,628	122,502
Time deposits	127,388	121,775
Total deposits	359,858	307,585
Securities sold under repurchase agreements	7,161	6,012
Federal Home Loan Bank advances	40,000	35,000
Subordinated debt, net of issuance costs	6,844
Other liabilities	2,864	2,651
Total liabilities	416,727	351,248
SHAREHOLDERS' EQUITY
Common stock ($5 par value; authorized - 10,000,000 shares; outstanding - 4,774,856 and 4,817,856 shares, respectively)	23,874	24,089
Additional paid-in capital	2,812	2,777
Retained earnings	13,659	13,293
Accumulated other comprehensive loss, net	(776)	(921)
Total shareholders' equity	39,569	39,238
Total liabilities and shareholders' equity	$ 456,296	$ 390,486

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Thousands	Dec. 31, 2015	Dec. 31, 2014
Loans, allowance for loan losses	$ 4,223	$ 3,205
Common stock, par value	$ 5	$ 5
Common stock, authorized shares	10,000,000	10,000,000
Common stock, outstanding shares	4,774,856	4,817,856

Consolidated Statements of Inco

Consolidated Statements of Income - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014
INTEREST INCOME
Loans, including fees	$ 15,202	$ 13,352
Securities:
Taxable	623	382
Tax-exempt	394	375
Federal funds sold	1
Interest-bearing deposit accounts	33	23
Total interest income	16,253	14,132
INTEREST EXPENSE
Deposits	2,385	1,842
Federal funds purchased	6	1
Securities sold under repurchase agreements	12	9
Subordinated debt	279
FHLB advances	352	345
Total interest expense	3,034	2,197
Net interest income	13,219	11,935
Provision for loan losses	1,597	611
Net interest income after provision for loan losses	11,622	11,324
NON-INTEREST INCOME
Income from fiduciary activities	798	831
Service charges and fees on deposit accounts	917	974
VISA-related fees	217	255
Non-deposit product income	369	567
Other service charges and fees	553	533
Secondary market lending fees	551	451
Bank owned life insurance income	247	219
Net gains (losses) on sale of securities available for sale	42	(25)
Other real estate losses	(395)	(327)
Net (losses) gains on the disposal of fixed assets	(6)	137
Other income	66	66
Total non-interest income	3,359	3,681
NON-INTEREST EXPENSES
Salaries and employee benefits	8,001	6,458
Occupancy expense	1,819	1,492
Software maintenance	631	524
Bank franchise tax	219	189
VISA expense	135	170
Telephone expense	136	210
FDIC assessments	301	247
Foreclosure property expense	68	131
Consulting expense	303	329
Other expense	3,189	2,868
Total non-interest expenses	14,802	12,618
Net income before income taxes	179	2,387
Income tax (benefit) expense	(187)	557
Net income	$ 366	$ 1,830
Basic Earnings Per Share
Average basic shares outstanding	4,791,722	4,818,377
Earnings per share, basic	$ 0.08	$ 0.38
Diluted Earnings Per Share
Average diluted shares outstanding	4,805,318	4,829,581
Earnings per share, diluted	$ 0.08	$ 0.38

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Income - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014
Net income	$ 366	$ 1,830
Unrealized gains (losses) on securities:
Net unrealized holding gains arising during the period	136	1,242
Deferred tax expense	(46)	(422)
Reclassification of net securities (gains) losses and impairments recognized in net income	(42)	25
Deferred tax expense (benefit)	14	(9)
Unrealized gains adjustment, net of tax	62	836
Defined benefit plan:
Total other comprehensive income	145	252
Comprehensive income	511	2,082
Pension Plan, Defined Benefit
Defined benefit plan:
Net pension/post retirement gain (loss)	(98)	(792)
Deferred tax (expense) benefit	37	270
Reclassification expense	76	37
Deferred tax benefit	(29)	(13)
Defined benefit/ post retirement plan adjustment, net of tax	(14)	(498)
Other Postretirement Benefit Plan, Defined Benefit
Defined benefit plan:
Net pension/post retirement gain (loss)	147	(130)
Deferred tax (expense) benefit	(50)	44
Defined benefit/ post retirement plan adjustment, net of tax	$ 97	$ (86)

Consolidated Statements of Chan

Consolidated Statements of Changes in Shareholders' Equity - USD ($) $ in Thousands	Total	Common Stock	Additional Paid-in Capital	Retained Earnings	Accumulated Other Comprehensive Loss
Balance at beginning of period at Dec. 31, 2013	$ 37,136	$ 24,089	$ 2,757	$ 11,463	$ (1,173)
Balance at beginning of period, Shares at Dec. 31, 2013		4,817,856
Net income	1,830			1,830
Other comprehensive income	252				252
Stock compensation expense	20		20
Balance at end of period at Dec. 31, 2014	$ 39,238	$ 24,089	2,777	13,293	(921)
Balance at end of period, Shares at Dec. 31, 2014	4,817,856	4,817,856
Net income	$ 366			366
Other comprehensive income	145				145
Stock repurchase	(243)	$ (215)	(28)
Stock repurchase, Shares		(43,000)
Stock compensation expense	63		63
Balance at end of period at Dec. 31, 2015	$ 39,569	$ 23,874	$ 2,812	$ 13,659	$ (776)
Balance at end of period, Shares at Dec. 31, 2015	4,774,856	4,774,856

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014
Cash Flows From Operating Activities
Net income	$ 366	$ 1,830
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation	998	792
Net amortization and accretion of securities	389	363
Amortization of subordinated debt issuance costs	10
Provision for loan losses	1,597	611
Stock compensation expense	63	20
Deferred income tax (expense) benefit	(490)	58
(Gain) loss on securities available-for-sale	(42)	25
Increase in OREO valuation allowance	288	235
Loss on sale of other real estate	107	92
Loss (gain) on disposal of fixed assets	6	(137)
Mortgage servicing rights	(62)	(17)
Loan originations for sale to FNMA	(14,317)	(10,503)
Loan sales to FNMA	14,326	10,951
Gain on loans sold to FNMA	(279)	(252)
Increase in cash surrender value of life insurance	(247)	(219)
(Increase) decrease in accrued income and other assets	(477)	246
Increase (decrease) in other liabilities	351	(92)
Net cash provided by operating activities	2,587	4,003
Cash Flows From Investing Activities
Proceeds from maturities and principal paydowns of available-for-sale securities	4,051	4,529
Proceeds from sales and calls of available-for-sale securities	13,540	3,810
Purchase of bank owned life insurance		(2,000)
Purchases of available-for-sale securities	(35,066)	(11,542)
Purchases of restricted securities	(301)	(792)
(Increase) decrease in federal funds sold	(152)	1
Loan (originations) and principal collections, net	(49,958)	(47,533)
Proceeds from sale of other real estate	805	371
Purchases of premises and equipment	(1,185)	(2,014)
Proceeds from the sale of premises and equipment		311
Net cash used in investing activities	(68,266)	(54,859)
Cash Flows From Financing Activities
Increase in demand, savings, and other interest-bearing deposits	46,660	13,949
Net increase in time deposits	5,613	25,289
Repurchase of common stock	(243)
Net increase (decrease) in securities sold under repurchase agreements	1,149	(3,106)
Issuance of subordinated debt, net	6,834
Increase in Federal Home Loan Bank advances	5,000	20,000
Net cash provided by financing activities	65,013	56,132
Net (decrease) increase in cash and due from banks	(666)	5,276
Cash and due from banks at beginning of period	20,965	15,689
Cash and due from banks at end of period	20,299	20,965
Cash paid for:
Interest	2,864	2,215
Income taxes	812	351
Non-cash investing and financing:
Unrealized gain on investment securities	94	1,268
Change in fair value of pension and post-retirement obligation	125	(885)
Loans transferred to other real estate owned	460	197
Loans originated to facilitate sale of OREO	181	605
Changes in deferred taxes resulting from OCI transactions	$ (74)	$ (130)

Organization and Presentation

Organization and Presentation	12 Months Ended
	Dec. 31, 2015
Organization and Presentation	Note 1. Organization and Presentation Organization. The Bank of Lancaster (the “Bank”) is a state-chartered bank and a member of the Federal Reserve System. It serves businesses, professionals and consumers on the Northern Neck and Middle Peninsulas of Virginia and the Greater Richmond, Virginia market. The Bank has branch offices in the Virginia counties of Chesterfield, Henrico, Lancaster, Middlesex, Northumberland, Richmond, Westmoreland, and in the City of Richmond, Virginia. Each branch office offers a full range of deposit and loan products to its retail and commercial customers. A substantial amount of the Bank’s deposits are interest bearing. The majority of the Bank’s loan portfolio is secured by real estate. Bay Trust Company (the “Trust Company”) provides management services for personal and corporate trusts, including estate planning, estate settlement, and trust administration from its main office in Kilmarnock, Virginia. Products include revocable and irrevocable living trusts, testamentary trusts, custodial accounts, investment management accounts and managed, as well as self-directed, rollover Individual Retirement Accounts. Basis of Presentation. Certain amounts presented in the consolidated financial statements of prior periods have been reclassified to conform to the current year presentations. The reclassifications had no effect on net income, net income per share or shareholders’ equity as previously reported.

Significant Accounting Policies

Significant Accounting Policies	12 Months Ended
	Dec. 31, 2015
Significant Accounting Policies	Note 2. Significant Accounting Policies Use of estimates The preparation of the consolidated financial statements in conformity with U.S. generally accepted accounting principles (“GAAP”) requires management to make estimates and assumptions. The amounts recorded in the consolidated financial statements may be affected by those estimates and assumptions. Actual results may vary from those estimates. Material estimates that are particularly susceptible to significant change in the near term relate to the determination of the allowance for loan losses, the measurement of fair value of foreclosed real estate, deferred taxes, impairment testing of goodwill, projected pension and post-retirement obligations and fair value measurements. Cash and cash equivalents For purposes of the consolidated statements of cash flows, cash and cash equivalents include cash and balances due from banks, all of which mature within ninety days. Interest-bearing deposits in banks Interest-bearing deposits in banks are carried at cost, which mature within one year, and include deposits with the Federal Reserve Bank of Richmond. Securities Investments in debt and equity securities with readily determinable fair values are classified as either held to maturity, available-for-sale, or trading, based on management’s intent. Currently, all of the Company’s investment securities are classified as available-for-sale. Securities available-for-sale are carried at estimated fair value with the corresponding unrealized gains and losses excluded from earnings and reported in other comprehensive income. A gain or loss is recognized in earnings on the settlement date based on the amortized cost of the specific security sold. Purchase premiums and discounts are recognized in interest income via amortization or accretion, respectively, using the interest method over the terms of the securities. Impairment of securities occurs when the fair value of a security is less than its amortized cost. For debt securities, impairment is considered other-than-temporary and recognized in its entirety in net income if (i) there is evidence of credit related impairment; (ii) the Company intends to sell the security or (iii) it is more-likely-than-not that the Company will be required to sell the security before recovery of its amortized cost basis. If, however, the Company does not intend to sell the security and it is not more-likely-than-not that it will be required to sell the security before recovery, the Company must determine what portion of the impairment is attributable to a credit loss, which occurs when the amortized cost basis of the security exceeds the present value of the cash flows expected to be collected from the security. If there is a credit loss, the loss must be recognized in net income and the remaining portion of impairment must be recognized in other comprehensive income. For equity securities, impairment is considered to be other-than-temporary based on the Company’s ability and intent to hold the investment until a recovery of fair value. Other-than-temporary impairment of an equity security results in a write-down that must be included in net income. The Company regularly reviews each investment security for other-than-temporary impairment based on criteria that include the extent to which cost exceeds market price, the duration of that market decline, the financial health of and specific prospects for the issuer, the Company’s best estimate of the present value of cash flows expected to be collected from debt securities, the Company’s intention with regard to holding the security to maturity and the likelihood that it would be required to sell the security before recovery. Securities sold under repurchase agreements Securities sold under repurchase agreements, which are classified as secured borrowings, generally mature within one year from the transaction date. Securities sold under repurchase agreements are reflected at the amount of cash received in connection with the transaction. The Company is required to provide collateral based on the value of the underlying cash. Loans The Company grants mortgage loans on real estate; commercial and industrial loans; and consumer and other loans to customers. A substantial portion of the loan portfolio is represented by mortgage loans on real estate. The ability of the Company’s debtors to honor their contracts is dependent upon the real estate and general economic conditions in the Company’s market areas. Loans are reported at their recorded investment, which is the outstanding principal balance net of any unearned income, such as deferred fees and costs, and charge-offs. Interest on loans is recognized over the term of the loan and is calculated using the interest method on principal amounts outstanding. Loan origination fees and certain direct origination costs are deferred and recognized as an adjustment of the related loan yield over the contractual term of the loan, adjusted for early pay-offs, where applicable. The accrual of interest is generally discontinued at the time a loan is 90 days or more past due, or earlier, if collection is uncertain based on an evaluation of the net realizable value of the collateral and the financial strength of the borrower. Payments received for loans no longer accruing interest are applied to the unpaid principal balance. Loans greater than 90 days past due may remain on accrual status if the credit is well-secured and in process of collection. Credit card loans and other personal loans are typically charged off no later than 180 days past due. Past due status is based on the contractual terms of the loan. In all cases, loans are charged off at an earlier date if collection of principal or interest is considered doubtful. Nonaccrual and past due policies are materially the same for all types of loans. All interest accrued but not collected for loans that are placed on non-accrual or charged off are reversed against interest income. Any interest received on these loans is accounted for on the cash basis or cost recovery method until qualifying for return to accrual. Generally, a loan is returned to accrual status when all the principal and interest amounts contractually due are brought current and future payments are reasonably assured, or it becomes well secured and in the process of collection. Troubled debt restructuring (“TDR”) In some situations, for economic or legal reasons related to a borrower’s financial condition, management may grant a concession to a borrower that it would not otherwise consider. In cases where borrowers are granted new terms that provide for a reduction of either interest or principal, the related loan is classified as a troubled debt restructuring. Management strives to identify borrowers in financial difficulty early and work with them to modify their loan to more affordable terms before their loan reaches nonaccrual status. These modified terms may include rate reductions, principal forgiveness, payment forbearance and other actions intended to minimize the economic loss and to avoid foreclosure or repossession of the collateral. Management measures all TDRs for impairment as noted below for impaired loans. Allowance for loan losses (“ALL”) The ALL reflects management’s judgment of probable loan losses inherent in the portfolio at the balance sheet date. Management uses a disciplined process and methodology to establish the ALL each quarter. To determine the total ALL, the Company estimates the reserves needed for each homogenous segment of the portfolio, plus any loans analyzed individually for impairment. Considerations include historical experience, the nature and volume of the loan portfolio, adverse situations that may affect a borrower’s ability to repay, estimated value of any underlying collateral, prevailing local and national economic conditions, and internal policies and procedures including credit risk management and underwriting. This evaluation is inherently subjective, as it requires estimates that are susceptible to significant revision as conditions change. Management employs a risk rating system to evaluate and consistently categorize loan portfolio credit risk. Loans assigned risk rating grades include all commercial loans not secured by real estate, commercial mortgages, residential mortgages greater than $1 million, smaller residential mortgages which are impaired, loans to real estate developers and contractors, consumer loans greater than $250 thousand with chronic delinquency, and troubled debt restructures. The grading analysis estimates the capability of the borrower to repay the contractual obligations of the loan agreements as scheduled. Risk grades are evaluated as new information becomes available for each borrowing relationship or at least quarterly. All other loans not specifically assigned a risk rating grade are monitored as a discrete pool of loans generally based on delinquency status. Risk rating categories are as follows: Pass Watch Special Mention Substandard Doubtful Loss The ALL consists of specific, general, and unallocated components. The specific component is determined by identifying impaired loans (as described below) then evaluating each one to calculate the amount of impairment. Impaired loans measured for impairment generally include: (1) non-accruing Special mention, Substandard and Doubtful loans in excess of $250,000; (2) Substandard and Doubtful loans in excess of $500,000; (3) Special Mention loans in excess of $500,000 if any of the loans in the relationship are more than 30 days past due or if the borrower has filed for bankruptcy; and (4) all TDRs. A specific allowance arises when the discounted cash flows (or collateral value or observable market price) of the impaired loan is lower than the carrying value of that loan. The general component collectively evaluates smaller commercial loans, residential mortgages and consumer loans, grouped into segments and classes. Historical loss experience is calculated and applied to each segment or class, then adjusted for qualitative factors. Qualitative factors include changes in the local and national economic outlook, including unemployment, interest rates, inflation rates and real estate trends; the level and trend of past due and nonaccrual loans; strength of policies and procedures; and oversight of credit risk and quality of underwriting. These qualitative adjustments reflect management’s judgment of risks inherent in the segments. An unallocated component is maintained if needed to cover uncertainties that could affect management’s estimate of probable losses. The unallocated component of the allowance reflects the margin of imprecision inherent in the underlying assumptions used in the methodologies for estimating specific and general losses in the portfolio. Changes in the allowance for loan losses and the related provision expense can materially affect net income. The specific component of the ALL calculation accounts for the loan loss reserve necessary on impaired loans. A loan is considered impaired when, based on current information and events, it is probable that the Company will be unable to collect the scheduled payments of principal or interest when due according to the contractual terms of the loan agreement. Factors considered by management in determining impairment include payment status, collateral value, and the probability of collecting scheduled principal and interest payments when due. Loans that experience insignificant payment delays and payment shortfalls generally are not considered impaired. Management determines the significance of payment delays and payment shortfalls on a case-by-case basis, taking into consideration all of the circumstances surrounding the loan and the borrower, including the length of the delay, the reasons for the delay, the borrower’s prior payment record, and the amount of the shortfall in relation to the principal and interest owed. Accrual of interest may or may not be discontinued for any given impaired loan. Impairment is measured by either the present value of expected future cash flows discounted at the loan’s effective interest rate, the loan’s obtainable market price, or the fair value of the collateral if the loan is collateral dependent. Because large groups of smaller balance homogeneous loans are collectively evaluated for impairment, the Company does not generally separately identify smaller balance individual consumer and residential loans for impairment disclosures, unless such loans are the subject of a troubled debt restructuring agreement. The general component of the ALL calculation collectively evaluates groups of loans in segments or classes, as noted above. The segments are: (1) Mortgage loans on real estate; (2) Commercial and industrial loans; and (3) Consumer and other loans. The segment for Mortgage loans on real estate is disaggregated into the following classes: (1) Construction, land and land development; (2) Farmland; (3) Residential first mortgages; (4) Residential revolving and junior mortgages; (5) Commercial mortgages (non-owner-occupied); and (6) Commercial mortgages (owner-occupied). Loans in segment 1 are secured by real estate. Loans in segments 2 and 3 are secured by other types of collateral or are unsecured. A given segment or class may not reflect the purpose of a loan. For example, a business owner may provide his residence as collateral for a loan to his company, in which case the loan would be grouped in a residential mortgage class. Historical loss factors are calculated for the prior 19 quarters by segment and class, and then applied to the current balances in each segment and class. Finally, qualitative factors are applied to each segment and class. Construction and development loans carry risks that the project will not be finished according to schedule or according to budget and the value of the collateral, at any point in time, may be less than the principal amount of the loan. These loans also bear the risk that the general contractor may face financial pressure unrelated to the project. Loans secured by land, farmland and residential mortgages carry the risk of continued credit-worthiness of the borrower and changes in value of the underlying real estate collateral. Commercial mortgages and commercial and industrial loans carry risks associated with the profitable operation of a business and its related cash flows. Additionally, commercial and industrial loans carry risks associated with the value of collateral other than real estate which may depreciate over time. Consumer loans carry risks associated with the continuing credit-worthiness of the borrower and are more likely than real estate loans to be adversely affected by divorce, unemployment, personal illness or bankruptcy of an individual. Consumer loans secured by automobiles carry risks associated with rapidly depreciating collateral. Consumer loans include credit cards, which are unsecured. The summation of the specific, general and unallocated components results in the total estimated ALL. Management may also include an unallocated component to cover uncertainties in the level of probable losses. This estimate is inherently subjective and actual losses could be greater or less than the estimates. Additions to the ALL are made by charges to earnings through the provision for loan losses. Charge-offs result from credit exposures deemed to be uncollectible and the ALL is reduced by these. Recoveries of previously charged off amounts are credited back to the ALL. Charge-off policies are materially the same for all types of loans. Mortgage servicing rights (“MSRs”) MSRs are included on the consolidated balance sheet and recorded at fair value on an ongoing basis. Changes in the fair value of the MSRs are recorded in the results of operations. A fair value analysis of MSRs is performed on a quarterly basis. Premises and equipment, net Land is carried at cost. Premises and equipment are carried at cost less accumulated depreciation. Depreciation is computed by the straight-line method over the estimated useful lives of the premises and equipment. Estimated useful lives range from 10-40 years for buildings, and from 3-10 years for furniture, fixtures and equipment. Maintenance and repairs are charged to expense as incurred, and major improvements are capitalized. Other real estate owned, net Real estate properties acquired through, or in lieu of, loan foreclosure are marketed for sale and are initially recorded at the lesser of the fair value on the date of foreclosure less estimated selling costs or carrying value of the loan. After acquisition, management acquires new valuations at least every two years. Revenue and expenses related to the operation or maintenance of foreclosed properties are included in expenses from foreclosed assets and changes in the valuation allowance are included in other real estate gains (losses). Goodwill Goodwill is related to unidentifiable intangible assets arising from the acquisition of five branches during the years 1994 through 2000. Goodwill is tested annually for impairment. If impairment exists, the amount of impairment would result in a charge to expense. Income taxes Deferred income tax assets and liabilities are determined using the liability (or balance sheet) method. Under this method, the net deferred tax asset or liability is determined based on the tax effects of the temporary differences between the book and tax bases of the various balance sheet assets and liabilities and gives current recognition to changes in tax rates and laws. When tax returns are filed, it is highly certain that some positions taken would be sustained upon examination by the taxing authorities, while others are subject to uncertainty about the merits of the position taken or the amount of the position that would ultimately be sustained. The benefit of a tax position is recognized in the financial statements in the period during which, based on all available evidence, management believes it is more likely than not that the position will be sustained upon examination, including the resolution of appeals or litigation processes, if any. Tax positions taken are not offset or aggregated with other positions. Tax positions that meet the more-likely-than-not recognition threshold are measured as the largest amount of tax benefit that is more than 50 percent likely to be realized upon settlement with the applicable taxing authority. The portion of the benefits associated with tax positions taken that exceeds the amount measured as described above is reflected as a liability for unrecognized tax benefits in the accompanying balance sheets along with any associated interest and penalties that would be payable to the taxing authorities upon examination. Interest and penalties, if any, associated with unrecognized tax benefits are classified as additional income taxes in the statements of income. The Company evaluates its deferred tax assets quarterly to determine if those assets will be recovered and if a valuation allowance is needed. At December 31, 2015, the Company determined no valuation allowance related to its deferred tax assets was necessary. Pension benefits The Company has a non-contributory cash balance benefit pension plan which was frozen in 2012. The plan covers employees who had become vested in the plan by the date it was frozen. The balances for those employees in the plan receive interest credits. Postretirement benefits The Company provides certain health care benefits for all retired employees who meet eligibility requirements. Trust assets and income Customer assets held by the Trust Company, other than cash on deposit at the Bank, are not included in these financial statements, since such items are not assets of the Bank or the Trust Company. Trust fees are recorded on the accrual basis. Earnings per share Basic earnings per share represent income available to common shareholders divided by the weighted-average number of common shares outstanding during the period. Diluted earnings per share reflect additional common shares that would have been outstanding if dilutive potential common shares had been issued. Potential common shares that may be issued by the Company relate solely to outstanding stock options. Refer to Note 19. Off-balance-sheet financial instruments In the ordinary course of business, the Company enters into off-balance-sheet financial agreements such as home equity lines of credit, overdraft protection lines of credit, unsecured lines of credit, commitments under credit card arrangements, construction loan commitments and standby letters of credit. Such financial instruments are recorded in the financial statements when they are funded or related fees are incurred or received. Significant group concentration of credit risk Most of the Company’s business activity is with customers located in the Virginia counties of Lancaster, Northumberland, Richmond, Westmoreland, Middlesex, Chesterfield and Henrico. The Company makes residential, commercial and consumer loans and a significant amount of the loan portfolio is comprised of real estate mortgage loans, which are secured primarily by single-family residences. The adequacy of collateral on real estate mortgage loans is highly dependent on changes in real estate values. Advertising Advertising costs are expensed as incurred and totaled $213 thousand and $237 thousand for the years ended December 31, 2015 and 2014, respectively. Comprehensive income Comprehensive income consists of net income and other comprehensive income. Other comprehensive income includes unrealized gains or losses on securities available-for-sale and changes in the actuarial gain or loss of the pension and postretirement plans. The cumulative position of the items in comprehensive income resides in shareholders’ equity as accumulated other comprehensive income. Refer to Note 24. Fair value of financial instruments Fair values of financial instruments are estimated using relevant market information and other assumptions, as more fully disclosed in Note 21. Fair value estimates involve uncertainties and matters of significant judgment. Changes in assumptions or in market conditions could significantly affect the estimates. Transfers of financial assets Transfers of financial assets are accounted for as sales when control over the assets has been surrendered. Control over transferred assets is deemed to be surrendered when: (1) the assets have been isolated from the Company – put presumptively beyond reach of the transferor and its creditors, even in bankruptcy or other receivership; (2) the transferee obtains the right (free of conditions that constrain it from taking advantage of that right) to pledge or exchange the transferred assets; and (3) the Company does not maintain effective control over the transferred assets through an agreement to repurchase them before their maturity or the ability to unilaterally cause the holder to return specific assets. Stock-based compensation plans Authoritative accounting guidance requires companies to recognize the cost of employee services received in exchange for awards of equity instruments, such as stock options and restricted stock, based on the fair value of those awards at the date of grant. This cost is recognized over the vesting period of the respective awards. Recent Accounting Pronouncements . In January 2016, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) 2016-01, Financial Instruments – Overall In April 2015, the FASB issued ASU 2015-03, Interest – Imputation of Interest In February 2015, the FASB issued ASU No. 2015-02, Consolidation (Topic 810): Amendments to the Consolidation Analysis In January 2015, the FASB issued ASU 2015-01, Income Statement – Extraordinary and Unusual Items In June 2014, the FASB issued ASU 2014-11, Transfers and Servicing (Topic 860): Repurchase-to-Maturity Transactions, Repurchase Financings, and Disclosures. In May 2014, the FASB issued ASU 2014-09, Revenue from Contracts with Customers In January 2014, the FASB issued ASU 2014-04, Receivables – Troubled Debt Restructurings by Creditors (Subtopic 310-4): Reclassification of Residential Real Estate Collateralized Consumer Mortgage Loans upon Foreclosure

Goodwill

Goodwill	12 Months Ended
	Dec. 31, 2015
Goodwill	Note 3. Goodwill The Company has goodwill relating to the purchase of five branches during the years 1994 through 2000. The balance of the goodwill at both December 31, 2015 and 2014, as reflected on the consolidated balance sheets, was $2.8 million. Management determined that these purchases qualified as acquisitions of businesses and that the related unidentifiable intangibles were goodwill. Goodwill is tested annually for impairment. The test performed using financial information as of September 30, 2015 found no impairment. No events occurred between the date of the annual test and December 31, 2015 that would indicate the existence of impairment.

Investment Securities

Investment Securities	12 Months Ended
	Dec. 31, 2015
Investment Securities	Note 4. Investment Securities The aggregate amortized cost and fair values of the available-for-sale securities portfolio are as follows: (Dollars in thousands) Gross Gross Available-for-sale securities Amortized Unrealized Unrealized Fair December 31, 2015 Cost Gains (Losses) Value Corporate bonds $ 3,950 $ — $ (5 ) $ 3,945 U.S. Government agencies 21,375 69 (156 ) 21,288 State and municipal obligations 28,599 313 (55 ) 28,857 Certificates of deposits 5,704 31 — 5,735 $ 59,628 $ 413 $ (216 ) $ 59,825 Gross Gross Available-for-sale securities Amortized Unrealized Unrealized Fair December 31, 2014 Cost Gains (Losses) Value U.S. Government agencies $ 16,969 $ 33 $ (37 ) $ 16,965 State and municipal obligations 23,335 226 (160 ) 23,401 Certificates of deposits 2,232 8 (2 ) 2,238 $ 42,536 $ 267 $ (199 ) $ 42,604 The cost of securities sold is based on actual net cost. Gross realized gains and gross realized losses, as well as proceeds on sales and calls of securities, were as follows: For the years ended December 31, (Dollars in thousands) 2015 2014 Gross realized gains $ 68 $ 8 Gross realized losses (26 ) (33 ) Net realized gains (losses) $ 42 $ (25 ) Aggregate proceeds $ 13,540 $ 3,810 The aggregate amortized cost and market values of the investment securities portfolio by contractual maturity at December 31, 2015 are shown below: (Dollars in thousands) Amortized Cost Fair Value Due in one year or less $ 4,339 $ 4,341 Due after one year through five years 27,449 27,516 Due after five through ten years 25,333 25,462 Due after ten years 2,507 2,506 $ 59,628 $ 59,825 Average yields (taxable equivalent) on securities were 2.48% and 2.40% for the years ended December 31, 2015 and 2014, respectively. Securities with a market value of $8.6 million and $8.5 million at December 31, 2015 and 2014, respectively, were pledged as collateral for repurchase agreements and for other purposes as required by law. As of December 31, 2015 and 2014, all the securities pledged to repurchase agreements were state and municipal obligations. All the repurchase agreements had remaining contractual maturities that were overnight and continuous. Securities sold under repurchase agreements were $7.2 million and $6.0 million as of December 31, 2015 and December 31, 2014, respectively, and included in liabilities on the consolidated balance sheets. The securities pledged to each agreement are reviewed daily and can be changed at the option of the Bank with minimal risk of loss due to fair value. Securities in an unrealized loss position at December 31, 2015 and 2014, by duration of the unrealized loss, are shown below. The unrealized loss positions were directly related to interest rate movements as there is minimal credit risk exposure in these investments. All agency securities, states and municipal securities and certificates of deposit are investment grade or better and their losses are considered temporary. The corporate bonds are subordinated debt notes issued by financial institutions. Management does not intend to sell the securities and does not expect to be required to sell the securities. All amortized cost bases are expected to be recovered. Bonds with unrealized loss positions at December 31, 2015 included five federal agencies, one corporate bond and 17 municipals. Bonds with unrealized loss positions at December 31, 2014 included 29 municipals, 13 federal agencies and three certificates of deposit. (Dollars in thousands) Less than 12 months 12 months or more Total Fair Unrealized Fair Unrealized Fair Unrealized December 31, 2015 Value Loss Value Loss Value Loss Corporate bonds $ 495 $ (5 ) $ — $ — $ 495 $ (5 ) U.S. Government agencies 13,871 (141 ) 1,619 (15 ) 15,490 (156 ) States and municipal obligations 2,566 (17 ) 3,281 (38 ) 5,847 (55 ) Total temporarily impaired securities $ 16,932 $ (163 ) $ 4,900 $ (53 ) $ 21,832 $ (216 ) Less than 12 months 12 months or more Total Fair Unrealized Fair Unrealized Fair Unrealized December 31, 2014 Value Loss Value Loss Value Loss U.S. Government agencies $ 1,499 $ (4 ) $ 3,532 $ (33 ) $ 5,031 $ (37 ) States and municipal obligations 412 (5 ) 9,006 (155 ) 9,418 (160 ) Certificates of deposit 742 (2 ) — — 742 (2 ) Total temporarily impaired securities $ 2,653 $ (11 ) $ 12,538 $ (188 ) $ 15,191 $ (199 ) The following table summarizes cumulative credit-related other-than temporary impairment losses recognized on the one auction rate security held by the Company (no other-than-temporary-impairment was recognized for the years ended December 31, 2015 and 2014): For the year ended (Dollars in thousands) December 31, 2014 Balance, beginning of the period $ 288 Impairment losses recognized during the period — Realized losses from sales (288 ) Balance, end of period $ — The Company held one South Carolina Student Loan Corporation auction rate security with a face amount of $1.2 million. During the second quarter of 2013, the South Carolina Student Loan Corporation made a tender and exchange offer with regards to these auction rate securities with the provision that 50% of the security holders were required to accept the tender offer in order for it to be consummated. The tender offer was not accepted by the required 50% of security holders. As a result of the tender and exchange offer, the Company determined that the value of this auction rate security was other than temporarily impaired. The market value of the security was estimated based on Level 3 inputs (refer to Note 21). The Company recognized an other-than-temporary impairment charge of $288 thousand in income related to this security during 2013. In the first quarter of 2014, the Company sold this auction rate security for $912 thousand. The Company’s investment in Federal Home Loan Bank of Atlanta (“FHLB”) stock totaled $2.0 million and $1.9 million at December 31, 2015 and December 31, 2014, respectively, and are included in restricted securities on the consolidated balance sheets. The Company also had an investment in Federal Reserve Bank of Richmond (“FRB”) stock which totaled $505 thousand and $382 thousand at December 31, 2015 and December 31, 2014. The investments in both FHLB and FRB stock are required investments related to the Bank’s membership with the FHLB and FRB. These securities do not have a readily determinable fair value as their ownership is restricted, and they lack an active market for trading. Additionally, per charter provisions related to the FHLB and FRB stock, all repurchase transactions of such stock must occur at par. Accordingly, these securities are carried at cost, and are periodically evaluated for impairment. The Company’s determination as to whether its investment in FHLB and FRB stock is impaired is based on management’s assessment of the ultimate recoverability of its par value rather than recognizing temporary declines in its value. The determination of whether the decline affects the ultimate recoverability of the investments is influenced by available information regarding various factors. These factors include, among others, the significance of the decline in net assets of the issuing banks as compared to the capital stock amount reported by these banks, and the length of time a decline has persisted; commitments by such banks to make payments required by law or regulation and the level of such payments in relation to the operating performance of the issuing bank; and the overall liquidity position of the issuing bank. Based on its most recent analysis of publicly available information regarding the financial condition of the issuing banks, management concluded that no impairment existed in the carrying value of FHLB and FRB stock.

Loans

Loans	12 Months Ended
	Dec. 31, 2015
Loans	Note 5. Loans The following is a summary of the balances of loans: (Dollars in thousands) December 31, 2015 December 31, 2014 Mortgage loans on real estate: Construction, Land and Land Development $ 42,129 $ 43,048 Farmland 1,030 1,128 Commercial Mortgages (Non-Owner Occupied) 29,086 20,534 Commercial Mortgages (Owner Occupied) 43,956 33,326 Residential First Mortgages 164,405 135,267 Residential Revolving and Junior Mortgages 26,497 25,400 Commercial and Industrial loans 35,104 34,002 Consumer Loans 5,015 5,349 Total loans 347,222 298,054 Net unamortized deferred loan costs 324 393 Allowance for loan losses (4,223 ) (3,205 ) Loans, net $ 343,323 $ 295,242 The recorded investment in past due and non-accruing loans is shown in the following table. A loan past due by 90 days or more is generally placed on nonaccrual, unless it is both well secured and in the process of collection. 90 Days or 30-89 More Past Total Past (Dollars in thousands) Days Due and Due and Total December 31, 2015 Past Due Still Accruing Nonaccruals Nonaccruals Current Loans Mortgage Loans on Real Estate: Construction, Land and Land Development $ 93 $ — $ 672 $ 765 $ 41,364 $ 42,129 Farmland — — — — 1,030 1,030 Commercial Mortgages (Non-Owner Occupied) 264 — — 264 28,822 29,086 Commercial Mortgages (Owner Occupied) 133 — 2,350 2,483 41,473 43,956 Residential First Mortgages 1,304 — 2,841 4,145 160,260 164,405 Residential Revolving and Junior Mortgages 70 — 277 347 26,150 26,497 Commercial and Industrial 10 — 285 295 34,809 35,104 Consumer Loans 32 11 8 51 4,964 5,015 Total $ 1,906 $ 11 $ 6,433 $ 8,350 $ 338,872 $ 347,222 90 Days or 30-89 More Past Total Past Days Due and Due and Total December 31, 2014 Past Due Still Accruing Nonaccruals Nonaccruals Current Loans Mortgage Loans on Real Estate: Construction, Land and Land Development $ 64 $ — $ 669 $ 733 $ 42,315 $ 43,048 Farmland — — — — 1,128 1,128 Commercial Mortgages (Non-Owner Occupied) — — — — 20,534 20,534 Commercial Mortgages (Owner Occupied) — — 566 566 32,760 33,326 Residential First Mortgages 1,270 — 359 1,629 133,638 135,267 Residential Revolving and Junior Mortgages 6 — 31 37 25,363 25,400 Commercial and Industrial 96 — 228 324 33,678 34,002 Consumer Loans 66 14 101 181 5,168 5,349 Total $ 1,502 $ 14 $ 1,954 $ 3,470 $ 294,584 $ 298,054

Allowance for Loan Losses

Allowance for Loan Losses	12 Months Ended
	Dec. 31, 2015
Allowance for Loan Losses	Note 6. Allowance for Loan Losses A disaggregation of and an analysis of the change in the allowance for loan losses by segment is shown below. Mortgage Commercial Consumer Loans on and and other (Dollars in thousands) Real Estate Industrial Loans Total For the Twelve Months Ended December 31, 2015 Beginning Balance $ 2,778 $ 323 $ 104 $ 3,205 (Charge-offs) (521 ) (9 ) (128 ) (658 ) Recoveries 27 — 52 79 Provision 1,218 285 94 1,597 Ending Balance $ 3,502 $ 599 $ 122 $ 4,223 Individually evaluated for impairment $ 1,256 $ 278 $ — $ 1,534 Collectively evaluated for impairment 2,246 321 122 2,689 Mortgage Commercial Consumer Loans on and and Other (Dollars in thousands) Real Estate Industrial Loans Total For the Twelve Months Ended December 31, 2014 Beginning Balance $ 2,465 $ 256 $ 204 $ 2,925 (Charge-offs) (313 ) — (79 ) (392 ) Recoveries 36 — 25 61 Provision 590 67 (46 ) 611 Ending Balance $ 2,778 $ 323 $ 104 $ 3,205 Individually evaluated for impairment $ 665 $ — $ 11 $ 676 Collectively evaluated for impairment 2,113 323 93 2,529 Loan receivables evaluated for impairment individually and collectively by segment as of December 31, 2015 and 2014 are as follows: Mortgage Commercial Consumer (Dollars in thousands) Loans and and Other on Real Estate Industrial Loans Total As of December 31, 2015 Individually evaluated for impairment $ 10,542 $ 284 $ — $ 10,826 Collectively evaluated for impairment 296,561 34,820 5,015 336,396 Total Gross Loans $ 307,103 $ 35,104 $ 5,015 $ 347,222 As of December 31, 2014 Individually evaluated for impairment $ 6,842 $ — $ 16 $ 6,858 Collectively evaluated for impairment 251,861 34,002 5,333 291,196 Total Gross Loans $ 258,703 $ 34,002 $ 5,349 $ 298,054 Internal risk rating grades are shown in the following table. Construction, Commercial Commercial Land and Mortgages Mortgages Commercial (Dollars in thousands) Land (Non-Owner (Owner and As of December 31, 2015 Development Farmland Occupied) Occupied) Industrial Total Grade: Pass $ 34,692 $ 1,030 $ 24,258 $ 33,023 $ 29,383 $ 122,386 Watch 5,337 — 4,564 4,968 5,202 20,071 Special mention 1,119 — — 2,687 148 3,954 Substandard 981 — 264 3,278 371 4,894 Doubtful — — — — — — Total $ 42,129 $ 1,030 $ 29,086 $ 43,956 $ 35,104 $ 151,305 Construction, Commercial Commercial Land and Mortgages Mortgages Commercial Land (Non-Owner (Owner and As of December 31, 2014 Development Farmland Occupied) Occupied) Industrial Total Grade: Pass $ 34,913 $ 1,128 $ 16,426 $ 23,967 $ 31,041 $ 107,475 Watch 5,649 — 3,770 4,430 2,492 16,341 Special mention 1,403 — — 2,789 154 4,346 Substandard 1,083 — 338 2,140 315 3,876 Doubtful — — — — — — Total $ 43,048 $ 1,128 $ 20,534 $ 33,326 $ 34,002 $ 132,038 Loans not assigned internal risk rating grades are comprised of smaller residential mortgages and smaller consumer loans. Payment activity of these loans is reviewed monthly by management. However, some of these loans are graded when the borrower’s total exposure to the Bank exceeds the limits noted above. Loans are considered to be nonperforming when they are delinquent by 90 days or more or non-accruing and credit risk is primarily evaluated by delinquency status, as shown in the table below. Residential (Dollars in thousands) Residential Revolving As of December 31, 2015 First and Junior Consumer PAYMENT ACTIVITY STATUS Mortgages (1) Mortgages (2) Loans (3) Total Performing $ 161,564 $ 26,220 $ 4,996 $ 192,780 Nonperforming 2,841 277 19 3,137 Total $ 164,405 $ 26,497 $ 5,015 $ 195,917 Residential Residential Revolving As of December 31, 2014 First and Junior Consumer PAYMENT ACTIVITY STATUS Mortgages (4) Mortgages (5) Loans (6) Total Performing $ 134,908 $ 25,369 $ 5,234 $ 165,511 Nonperforming 359 31 115 505 Total $ 135,267 $ 25,400 $ 5,349 $ 166,016 Notes: (1) Residential First Mortgages which have been assigned a risk rating grade of Substandard totaled $3.9 million as of December 31, 2015. (2) Residential Revolving and Junior Mortgages which have been assigned a risk rating grade of Substandard totaled $372 thousand as of December 31, 2015. (3) No Consumer Loans have been assigned a risk rating grade of Substandard as of December 31, 2015. (4) Residential First Mortgages which have been assigned a risk rating grade of Substandard totaled $2.1 million as of December 31, 2014. (5) Residential Revolving and Junior Mortgages which have been assigned a risk rating grade of Substandard totaled $219 thousand as of December 31, 2014. (6) Consumer Loans which have been assigned a risk rating grade of Substandard totaled $1 thousand as of December 31, 2014. The following tables show the Company’s recorded investment and the customers’ unpaid principal balances for impaired loans, with the associated allowance amount, if applicable, as of December 31, 2015 and 2014, along with the average recorded investment and interest income recognized for the years ended December 31, 2015 and 2014. (Dollars in thousands) As of December 31, 2015 As of December 31, 2014 IMPAIRED LOANS Recorded Customers’ Unpaid Related Recorded Customers’ Unpaid Related Investment Principal Balance Allowance Investment Principal Balance Allowance With no related allowance: Construction, Land and Land Development $ 445 $ 451 $ — $ 450 $ 452 $ — Residential First Mortgages 3,130 3,166 — 1,568 1,584 — Residential Revolving and Junior Mortgages (1) 233 233 — 50 50 — Commercial Mortgages (Non-owner occupied) 264 264 — 264 264 — Commercial Mortgages (Owner occupied) 1,352 1,390 — 1,887 1,916 — Commercial and Industrial — — — — — — Consumer (2) — — — 5 5 — 5,424 5,504 — 4,224 4,271 — With an allowance recorded: Construction, Land and Land Development 262 290 120 277 292 144 Residential First Mortgages 2,507 2,507 308 2,173 2,173 437 Residential Revolving and Junior Mortgages (1) 258 259 150 173 173 84 Commercial Mortgages (Non-owner occupied) — — — — — — Commercial Mortgages (Owner occupied) 2,091 2,348 678 — — — Commercial and Industrial 284 285 278 — — — Consumer (2) — — — 11 11 11 5,402 5,689 1,534 2,634 2,649 676 Total Impaired Loans: Construction, Land and Land Development 707 741 120 727 744 144 Residential First Mortgages 5,637 5,673 308 3,741 3,757 437 Residential Revolving and Junior Mortgages (1) 491 492 150 223 223 84 Commercial Mortgages (Non-owner occupied) 264 264 — 264 264 — Commercial Mortgages (Owner occupied) 3,443 3,738 678 1,887 1,916 — Commercial and Industrial 284 285 278 — — — Consumer (2) — — — 16 16 11 $ 10,826 $ 11,193 $ 1,534 $ 6,858 $ 6,920 $ 676 Notes: (1) Junior mortgages include equity lines. (2) Includes credit cards. For the Year Ended For the Year Ended December 31, 2015 December 31, 2014 Average Interest Average Interest Recorded Income Recorded Income (Dollars in thousands) Investment Recognized Investment Recognized With no related allowance: Construction, Land and Land Development $ 448 $ — $ 451 $ 3 Residential First Mortgages 2,077 74 1,148 49 Residential Revolving and Junior Mortgages (1) 87 5 10 — Commercial Mortgages (Non-owner occupied) 264 16 264 16 Commercial Mortgages (Owner occupied) 1,099 28 1,911 79 Commercial and Industrial — — — — Consumer (2) — — 6 — 3,975 123 3,790 147 With an allowance recorded: Construction, Land and Land Development 270 5 168 4 Residential First Mortgages 1,900 90 2,184 100 Residential Revolving and Junior Mortgages (1) 204 11 174 9 Commercial Mortgages (Non-owner occupied) — — — — Commercial Mortgages (Owner occupied) 1,343 39 — — Commercial and Industrial 130 2 — — Consumer (2) — — 24 2 3,847 147 2,550 115 Total Construction, Land and Land Development 718 5 619 7 Residential First Mortgages 3,977 164 3,332 149 Residential Revolving and Junior Mortgages (1) 291 16 184 9 Commercial Mortgages (Non-owner occupied) 264 16 264 16 Commercial Mortgages (Owner occupied) 2,442 67 1,911 79 Commercial and Industrial 130 2 — — Consumer (2) — — 30 2 $ 7,822 $ 270 $ 6,340 $ 262 Notes: (1) Junior mortgages include equity lines. (2) Includes credit cards. Smaller non-accruing loans and non-accruing loans that are not graded because they are included in homogenous pools generally do not meet the criteria for impairment testing, and are therefore excluded from impaired loan disclosures. At December 31, 2015 and 2014, non-accruing loans excluded from impaired loan disclosure totaled $95 thousand and $663 thousand, respectively. If interest on these non-accruing loans had been accrued, such income would have approximated $5 thousand and $32 thousand during the years ended December 31, 2015 and 2014, respectively. Loans modified as TDRs are considered impaired and are individually evaluated for the amount of impairment in the ALL. The following table presents, by segments of loans, information related to loans modified as TDRs during the years ended December 31, 2015 and 2014. For the Year Ended For the Year Ended December 31, 2015 December 31, 2014 Pre-Modification Post-Modification Pre-Modification Post-Modification (Dollars in thousands) Outstanding Outstanding Outstanding Outstanding Number of Recorded Recorded Number of Recorded Recorded TROUBLED DEBT RESTRUCTURINGS Loans Investment Investment Loans Investment Investment Construction, land and land development (1) — $ — $ — 2 $ 282 $ 277 Residenital first mortages (1) 2 988 986 — — — Residential revolving and junior mortgages (1) — — — 1 50 50 Commercial mortgages (Owner occupied) (2) 1 105 124 — — — Notes: (1) Modifications were an extention of the loan terms. (2) Modifications were capitalization of the interest. For the Year Ended For the Year Ended December 31, 2015 December 31, 2014 TROUBLED DEBT RESTRUCTURINGS Number of Recorded Number of Recorded THAT SUBSEQUENTLY DEFAULTED Loans Investment Loans Investment Residential revolving and junior mortgages — $ — 1 $ 75 Commerical mortgages (Owner occupied) 1 124 2 255 Of the TDRs restructured in 2015 and 2014 which did not subsequently default, all are performing. The loan that defaulted in 2015 was charged-off. Of the three loans that defaulted in 2014, one loan in the amount of $75 thousand was charged-off. There were 16 TDRs with an aggregate balance of $3.5 million and 14 TDRs with an aggregate balance of $2.5 million outstanding as of December 31, 2015 and December 31, 2014.

Other Real Estate Owned, Net

Other Real Estate Owned, Net	12 Months Ended
	Dec. 31, 2015
Other Real Estate Owned, Net	Note 7. Other Real Estate Owned, Net Other real estate owned (“OREO”) is presented net of a valuation allowance for losses. An analysis of the valuation allowance on OREO is shown below. Years ended December 31, (Dollars in thousands) 2015 2014 Balance, beginning of year $ 626 $ 538 Provision for losses 288 235 Charge-offs (293 ) (147 ) Balance, end of period $ 621 $ 626 Expenses applicable to OREO include the following: Years ended December 31, (Dollars in thousands) 2015 2014 Net loss on sales of real estate $ 107 $ 92 Provision for losses 288 235 Operating expenses, net of income 68 131 Total expenses $ 463 $ 458 The following table details the properties included in OREO as of December 31, 2015 and December 31, 2014. There were no collateralized consumer residential mortgage loans in the process of foreclosure as of December 31, 2015. As of December 31, 2015 As of December 31, 2014 No. of Carrying No. of Carrying (Dollars in thousands) Properties Value Properties Value Residential 3 $ 540 10 $ 1,559 Land lots 7 413 13 587 Convenience store 2 191 2 234 Restaurant 1 55 1 107 Commerical properties 3 671 1 304 Total 16 $ 1,870 27 $ 2,791 Included in other assets as of December 31, 2015, is one residential property purchased in 2013 from a related party with a value of $724 thousand and a former branch, which was closed April 30, 2015, with a value of $403 thousand. Included in other assets as of December 31, 2014 is the aforementioned residential property with a value of $771 thousand.

Premises and Equipment, net

Premises and Equipment, net	12 Months Ended
	Dec. 31, 2015
Premises and Equipment, net	Note 8. Premises and Equipment, net Components of premises and equipment included in the balance sheets at December 31, 2015 and 2014 were as follows: 2015 2014 (Dollars in thousands) Land and improvements $ 2,350 $ 2,004 Buildings and improvements 12,232 13,032 Furniture and equipment 10,069 9,703 Total cost 24,651 24,739 Less accumulated depreciation (13,005 ) (12,857 ) Premises and equipment, net $ 11,646 $ 11,882 Depreciation expense for the years ended December 31, 2015 and 2014 totaled $998 thousand and $792 thousand, respectively.

Deposits

Deposits	12 Months Ended
	Dec. 31, 2015
Deposits	Note 9. Deposits The aggregate amount of time deposits in denominations of $250,000 or more at December 31, 2015 and 2014 was $20.3 million and $16.5 million, respectively. At December 31, 2015, the scheduled maturities of time deposits are as follows (in thousands): 2016 $ 56,692 2017 12,717 2018 36,506 2019 4,397 2020 17,076 Thereafter — $ 127,388 At December 31, 2015 and 2014, overdraft demand deposits reclassified to loans totaled $56 thousand and $85 thousand, respectively. At December 31, 2015 and 2014, the Company had wholesale deposits of $15.5 million and $8.0 million, respectively.

Employee Benefit Plans

Employee Benefit Plans	12 Months Ended
	Dec. 31, 2015
Employee Benefit Plans	Note 10. Employee Benefit Plans The Company has a non-contributory, cash balance pension plan for employees who were vested in the plan as of December 31, 2012 when it was frozen. Each participant’s account balance grows based on monthly interest credits. The Company funds pension costs in accordance with the funding provisions of the Employee Retirement Income Security Act. The Company sponsors a postretirement benefit plan covering current and future retirees who acquire age 55 and 10 years of service or age 65 and 5 years of service. The postretirement benefit plan provides coverage toward a retiree’s eligible medical and life insurance benefits expenses. The following tables provide the reconciliation of changes in the benefit obligations and fair value of assets and a statement of funded status for the pension plan and postretirement plan of the Company. In 2014, the $755 thousand net loss related to pension benefits and the $130 thousand net loss related to post retirement benefits was primarily due to the increase in the discount rate assumption to 4% in 2014 from 5% in 2013 and longer assumed lives of participants resulting from updated mortality tables for 2014. Pension Benefits Postretirement Benefits (Dollars in thousands) 2015 2014 2015 2014 Change in benefit obligation Benefit obligation, beginning of year $ 3,546 $ 2,737 $ 771 $ 607 Service cost — — 23 15 Interest cost 131 142 30 30 Actuarial loss (gain) (104 ) 721 (147 ) 130 Benefit payments (85 ) (54 ) (9 ) (11 ) Settlement gain — — — — Benefit obligation, end of year 3,488 3,546 668 771 Change in plan assets Fair value of plan assets, beginning of year 2,897 2,820 — — Actual return on plan assets (6 ) 131 — — Employer contributions — — 9 11 Benefits payments (85 ) (54 ) (9 ) (11 ) Fair value of plan assets, end of year 2,806 2,897 — — Funded status at the end of the year $ (682 ) $ (649 ) $ (668 ) $ (771 ) Amounts recognized in accumulated other comprehensive loss (income) Net loss (gain) $ 1,402 $ 1,380 $ (65 ) $ 83 Prior service cost — — — — Net obligation at transition — — — — Amount recognized $ 1,402 $ 1,380 $ (65 ) $ 83 Components of net periodic benefit cost (gain) Service cost $ — $ — $ 23 $ 15 Interest cost 131 142 30 30 Expected (return) on plan assets (196 ) (202 ) — — Amortization of prior service cost — — — — Amortization of net obligation at transition — — — — Recognized net loss due to settlement — — — — Recognized net actuarial loss 76 37 — — Net periodic benefit (gain) cost 11 (23 ) 53 45 Other changes in plan assets and benefit obligations recognized in accumulated other comprehensive (income) loss Net loss (gain) 22 755 (147 ) 130 Amortization of prior service cost — — — — Amortization of net obligation at transition — — — — Total recognized in other comprehensive loss/(income) 22 755 (147 ) 130 Total recognized in net periodic benefit cost and other comprehensive loss/(income) $ 33 $ 732 $ (94 ) $ 175 Weighted-average assumptions as of December 31: 2015 2014 2015 2014 Discount rate used for Net Periodic Pension Cost 4.00 % 5.00 % 4.00 % 5.00 % Discount Rate used for Disclosure 4.25 % 4.00 % 4.25 % 4.00 % Expected return on plan assets 7.50 % 7.50 % N/A N/A Rate of compensation increase N/A N/A N/A N/A Rate of compensation increase for net periodic pension cost N/A N/A N/A N/A Expected future interest crediting rate 3.00 % 3.00 % N/A N/A The accumulated benefit obligation for the cash balance pension plan was $3.5 million at both December 31, 2015 and 2014, respectively. Estimated future benefit payments for the pension and postretirement plans are as follows (in thousands): Pension Postretirement 2016 $ 509 $ 18 2017 209 20 2018 38 22 2019 362 24 2020 410 27 2021 and thereafter 1,381 170 Long-term rate of return. Because assets are held in a qualified trust, anticipated returns are not reduced for taxes. Further, solely for this purpose, the plan is assumed to continue in force and not terminate during the period during which assets are invested. However, consideration is given to the potential impact of current and future investment policy, cash flow into and out of the trust, and expenses (both investment and non-investment) typically paid from plan assets (to the extent such expenses are not explicitly estimated within periodic cost). The fair value of the Company’s pension plan assets by asset category are as follows: (Dollars in thousands) Fair Value Measurements at December 31, 2015 Using Description Balance Level 1 Level 2 Level 3 Defined benefit plan assets: Cash and cash equivalents $ 3 $ 3 $ — $ — Mutual funds - fixed income 1,119 1,119 — — Mutual funds - equity 1,684 1,684 — — Total defined benefit plan assets $ 2,806 $ 2,806 $ — $ — Fair Value Measurements at December 31, 2014 Using Description Balance Level 1 Level 2 Level 3 Defined benefit plan assets: Cash and cash equivalents $ 4 $ 4 $ — $ — Mutual funds - fixed income 1,139 1,139 — — Mutual funds - equity 1,754 1,754 — — Total defined benefit plan assets $ 2,897 $ 2,897 $ — $ — The trust fund is sufficiently diversified to maintain a reasonable level of risk without imprudently sacrificing return, with a targeted asset allocation of 40% fixed income and 60% equities. The investment manager of the fund selects investment fund managers with demonstrated experience and expertise, and funds with demonstrated historical performance, for the implementation of the plan’s investment strategy. The investment manager will consider both actively and passively managed investment strategies and will allocate funds across the asset classes to develop an efficient investment structure. It is the responsibility of the trustee to administer the investments of the trust within reasonable costs, being careful to avoid sacrificing quality. These costs include, but are not limited to, management and custodial fees, consulting fees, transaction costs and other administrative costs chargeable to the trust. In November 2015, the Company announced a voluntary early retirement plan to employees over 55 years of age and with a minimum of 10 years of service. There were five employees who elected to participate in the plan with a total cost of $134 thousand recognized during 2015. The Company expects to make no contributions to its pension plan for the 2016 plan year. Postretirement benefits plan. The Company expects to contribute $18 thousand to its postretirement plan in 2016. In addition, as of December 31, 2015 and 2014, the Company paid approximately $9 thousand and $11 thousand, respectively, for employees who retired. 401(k) retirement plan.

Financial Instruments with Off-

Financial Instruments with Off-Balance Sheet Risk	12 Months Ended
	Dec. 31, 2015
Financial Instruments with Off-Balance Sheet Risk	Note 11. Financial Instruments with Off-Balance Sheet Risk In the normal course of business, the Company offers various financial products to its customers to meet their credit and liquidity needs. These instruments involve elements of credit and interest rate risk in excess of the amount recognized in the consolidated balance sheets. The Company’s exposure to credit loss in the event of nonperformance by the other party to the financial instruments for commitments to extend credit and standby letters of credit written is represented by the contractual amount of these instruments. The Company uses the same credit policies in making commitments and conditional obligations as it does for on-balance sheet instruments. The amount of collateral obtained, if deemed necessary by the Company, is based on credit evaluation of the customer. Subject to its normal credit standards and risk monitoring procedures, the Company makes contractual commitments to extend credit. Commitments generally have fixed expiration dates or other termination clauses and may require payment of a fee. Since many of the commitments may expire without being completely drawn upon, the total commitment amounts do not necessarily represent future cash requirements. At December 31, 2015 and 2014, the Company had outstanding loan commitments approximating $42.7 million and $36.4 million, respectively. Conditional commitments are issued by the Company in the form of performance stand-by letters of credit, which guarantee the performance of a customer to a third party. At December 31, 2015 and 2014, commitments under outstanding performance stand-by letters of credit aggregated $473 thousand and $355 thousand, respectively. The credit risk of issuing letters of credit is essentially the same as that involved in extending loan facilities to customers.

Restrictions on Cash and Due fr

Restrictions on Cash and Due from Banks	12 Months Ended
	Dec. 31, 2015
Restrictions on Cash and Due from Banks	Note 12. Restrictions on Cash and Due from Banks The Board of Governors of the Federal Reserve System (the “Federal Reserve”) requires banks to maintain cash reserves against certain categories of deposit liabilities. At both December 31, 2015 and 2014, the aggregate amount of daily average required reserves for the final weekly reporting period was $25 thousand.

Other Borrowings

Other Borrowings	12 Months Ended
	Dec. 31, 2015
Other Borrowings	Note 13. Other Borrowings Securities sold under repurchase agreements were $7.2 million and $6.0 million as of December 31, 2015 and December 31, 2014, respectively, and included in liabilities on the consolidated balance sheets. Securities sold under agreements to repurchase are secured transactions with customers, generally mature the day following the day sold and can be changed at the option of the Bank with minimal risk of loss due to fair value. During 2015 and 2014, the average rates of the repurchase agreements were 0.15% and 0.12%, respectively. Unused lines of credit with nonaffiliated banks, excluding FHLB, totaled $21.5 million and $20.3 million as of December 31, 2015 and 2014, respectively. Draws upon these lines have time limits varying from two to four consecutive weeks. The banks providing these lines can change the interest rates on these lines daily. The lines renew annually and are tested periodically each year.

Debt

Debt	12 Months Ended
	Dec. 31, 2015
Debt	Note 14. Debt As of December 31, 2015 and December 31, 2014, the Bank had $40 million and $35 million of outstanding FHLB debt, respectively, consisting of seven and six advances, respectively. A $5 million advance with a LIBOR-based floating rate, which matured in May 2015, was replaced with a $5 million fixed rate advance, which matured in February 2016. In June 2015, a $5 million fixed rate advance was replaced with a $5 million LIBOR-based floating rate advance maturing in September 2016, and a $5 million fixed rate advance was repaid. An advance matured on October 20, 2015 and was replaced with a $5 million, 0.52% fixed rate credit advance maturing on October 20, 2016. In December 2015, two new $5 million fixed rate advances which mature in 2017 were drawn. The advance that matured on February 22, 2016 was paid off. The seven advances are shown in the following table. Current Maturity Description Balance Originated Interest Rate Date Adjustable Rate Hybrid $ 10,000,000 4/12/2013 2.70060 % 4/13/2020 Fixed Rate Credit 5,000,000 10/20/2014 0.47000 % 4/20/2016 Fixed Rate Credit 5,000,000 5/20/2015 0.37000 % 2/22/2016 Adjustable Rate Credit 5,000,000 6/18/2015 0.55250 % 9/19/2016 Fixed Rate Credit 5,000,000 10/20/2015 0.52000 % 10/20/2016 Fixed Rate Credit 5,000,000 12/21/2015 0.99000 % 6/15/2017 Fixed Rate Credit 5,000,000 12/22/2015 1.08000 % 9/15/2017 $ 40,000,000 Advances on the FHLB lines are secured by a blanket lien on qualified 1 to 4 family residential real estate loans. Immediate available credit, as of December 31, 2015, was $40.5 million against a total line of credit of $84.5 million. As of December 31, 2015 and December 31, 2014, the Company had $40.0 million and $35.0 million, respectively, in FHLB debt outstanding with a weighted average interest rate of 1.17% and 0.96%, respectively. Subordinated Debt On May 28, 2015, the Company entered into a Purchase Agreement with 29 accredited investors under which the Company issued an aggregate of $7,000,000 of subordinated notes (the “Notes”) to the accredited investors. The Notes have a maturity date of May 28, 2025. The Notes bear interest, payable on the 1st of March and September of each year, commencing September 1, 2015, at a fixed interest rate of 6.50% per year. The Notes are not convertible into common stock or preferred stock, and are not callable by the holders. The Company has the right to redeem the Notes, in whole or in part, without premium or penalty, at any interest payment date on or after May 28, 2020 and prior to the maturity date, but in all cases in a principal amount with integral multiples of $1,000, plus interest accrued and unpaid through the date of redemption. If an event of default occurs, such as the bankruptcy of the Company, the holder of a Note may declare the principal amount of the Note to be due and immediately payable. The Notes are unsecured, subordinated obligations of the Company and will rank junior in right of payment to the Company’s existing and future senior indebtedness. The Notes qualify as Tier 2 capital for regulatory reporting. (Dollars in thousands) Balance as of December 31, 2015 6.5% Subordinated Debt $ 7,000 Less: Issuance costs (156 ) $ 6,844

Income Taxes

Income Taxes	12 Months Ended
	Dec. 31, 2015
Income Taxes	Note 15. Income Taxes The Company files income tax returns in the U.S. federal jurisdiction and the Commonwealth of Virginia. The Commonwealth of Virginia does not charge an income tax for regulated banking institutions. The (benefit) expense for income taxes consisted of the following (in thousands): Year ended December 31, 2015 2014 Current $ 303 $ 499 Deferred (490 ) 58 $ (187 ) $ 557 The reasons for the differences between the statutory Federal income tax rates and the effective tax rates are summarized as follows: 2015 2014 Statutory rate 34.0 % 34.0 % Increase (decrease) resulting from: Tax exempt interest -116.9 % -8.3 % Bank owned life insurance -46.8 % -3.1 % Other, net 25.5 % 0.7 % -104.2 % 23.3 % The components of the net deferred tax assets and liabilities included in other liabilities are as follows (in thousands): December 31, 2015 2014 Deferred tax assets Allowance for loan losses $ 985 $ 661 Interest on non-accrual loans 89 47 Other real estate 419 397 Pension plan 233 222 Postretirement benefits 227 262 Deferred compensation 162 141 Stock-based compensation 31 25 Other 20 11 Total deferred tax assets 2,166 1,766 Deferred tax liabilities Unrealized gains on available-for-sale securities (55 ) (23 ) Depreciation (171 ) (218 ) Amortization of goodwill (955 ) (928 ) Net deferred loan fees and costs (110 ) (134 ) Other (64 ) (67 ) Total deferred tax (liabilities) (1,355 ) (1,370 ) Net deferred tax assets $ 811 $ 396

Regulatory Requirements and Res

Regulatory Requirements and Restrictions	12 Months Ended
	Dec. 31, 2015
Regulatory Requirements and Restrictions	Note 16. Regulatory Requirements and Restrictions The Company (on a consolidated basis) and Bank are subject to various regulatory capital requirements administered by the Commonwealth of Virginia and Federal banking agencies. Failure to meet minimum capital requirements can initiate certain mandatory and possibly additional discretionary, actions by regulators that, if undertaken, could have a direct material effect on the Company and Bank’s financial statements. Under capital adequacy guidelines and the regulatory framework for prompt corrective action, the Company and the Bank must meet specific capital guidelines that involve quantitative measures of their assets, liabilities, and certain off-balance-sheet items as calculated under regulatory accounting practices. The capital amounts and classifications are also subject to qualitative judgments by the regulators about components, risk weightings, and other factors. Prompt corrective action provisions are not applicable to bank holding companies. Quantitative measures established by regulation to ensure capital adequacy required the Company and the Bank during 2015 to maintain minimum amounts and ratios (set forth in the table below) of total common equity Tier 1 and Tier 1 capital (as defined in the regulations) to risk-weighted assets (as defined), and of Tier 1 capital (as defined) to average assets (as defined). Management believes that as of December 31, 2015 and 2014, the Company and the Bank met all capital adequacy requirements to which they were subject. As of December 31, 2015, the most recent notification from the Federal Reserve categorized the Bank as well capitalized under the framework for prompt corrective action. To be categorized as well capitalized on such date, an institution must maintain minimum total risk-based, common equity Tier 1 risk-based, Tier 1 risk-based, and Tier 1 leverage ratios as set forth in the table. There are no conditions or events since that notification that management believes have changed the Bank’s category. In July 2013, the Federal Reserve issued final rules that made technical changes to its capital rules to align them with the Basel III regulatory capital framework and meet certain requirements of the Dodd-Frank Act. Effective January 1, 2015, the final rules require the Bank to comply with the following minimum capital ratios: (i) a new Common Equity Tier 1 capital ratio of 4.5% of risk-weighted assets; (ii) a Tier 1 capital ratio of 6.0% of risk-weighted assets (increased from the prior requirement of 4.0%); (iii) a total capital ratio of 8.0% of risk-weighted assets (unchanged from the prior requirement); and (iv) a leverage ratio of 4.0% of total assets (unchanged from the prior requirement). The following additional capital requirements related to the capital conservation buffer will be phased in over a four year period beginning January 1, 2016. When fully phased in on January 1, 2019, the rules will require the Bank to maintain (i) a minimum ratio of Common Equity Tier 1 to risk-weighted assets of at least 4.5%, plus a 2.5% “capital conservation buffer” (which is added to the 4.5% Common Equity Tier 1 ratio as that buffer is phased in, effectively resulting in a minimum ratio of Common Equity Tier 1 to risk-weighted assets of at least 7.0% upon full implementation), (ii) a minimum ratio of Tier 1 capital to risk-weighted assets of at least 6.0%, plus the 2.5% capital conservation buffer (which is added to the 6.0% Tier 1 capital ratio as that buffer is phased in, effectively resulting in a minimum Tier 1 capital ratio of 8.5% upon full implementation), (iii) a minimum ratio of total capital to risk-weighted assets of at least 8.0%, plus the 2.5% capital conservation buffer (which is added to the 8.0% total capital ratio as that buffer is phased in, effectively resulting in a minimum total capital ratio of 10.5% upon full implementation), and (iv) a minimum leverage ratio of 4.0%, calculated as the ratio of Tier 1 capital to average assets. The capital conservation buffer requirement will be phased in beginning January 1, 2016, at 0.625% of risk-weighted assets, increasing by the same amount each year until fully implemented at 2.5% on January 1, 2019. The capital conservation buffer is designed to absorb losses during periods of economic stress. Banking institutions with a ratio of Common Equity Tier 1 to risk-weighted assets above the minimum but below the conservation buffer will face constraints on dividends, equity repurchases and compensation based on the amount of the shortfall. The Company’s and the Bank’s actual capital amounts and ratios as of December 31, 2015 and December 31, 2014, are presented in the following tables: Minimum To Be Well Capitalized Under Minimum Prompt Corrective Actual Capital Requirement Action Provisions (Dollars in Thousands) Amount Ratio Amount Ratio Amount Ratio As of December 31, 2015: Total Risk Based Capital (to Risk Weighted Assets) Consolidated $ 49,305 15.54 % $ 25,380 8.00 % N/A N/A Bank of Lancaster 42,923 13.64 % 25,176 8.00 % $ 31,471 10.0 % Tier 1 Capital (to Risk Weighted Assets) Consolidated 38,492 12.13 % 19,035 6.00 % N/A N/A Bank of Lancaster 38,986 12.39 % 18,882 6.00 % $ 25,176 8.0 % Common Equity Tier 1 Capital (to Risk Weighted Assets) Consolidated 38,492 12.13 % 14,276 4.50 % N/A N/A Bank of Lancaster 38,986 12.39 % 14,162 4.50 % $ 20,456 6.5 % Tier 1 Capital (to Average Assets) Consolidated 38,492 8.84 % 17,420 4.00 % N/A N/A Bank of Lancaster 38,986 9.11 % 17,125 4.00 % $ 21,406 5.0 % Minimum To Be Well Capitalized Under Minimum Prompt Corrective Actual Capital Requirement Action Provisions (Dollars in Thousands) Amount Ratio Amount Ratio Amount Ratio As of December 31, 2014: Total Risk Based Capital (to Risk Weighted Assets) Consolidated $ 41,445 15.02 % $ 22,074 8.00 % N/A N/A Bank of Lancaster 36,446 13.30 % 21,927 8.00 % $ 27,409 10.0 % Tier 1 Capital (to Risk Weighted Assets) Consolidated 38,240 13.86 % 11,037 4.00 % N/A N/A Bank of Lancaster 33,241 12.13 % 10,964 4.00 % $ 16,445 6.0 % Tier 1 Capital (to Average Assets) Consolidated 38,240 10.36 % 14,770 4.00 % N/A N/A Bank of Lancaster 33,241 9.07 % 14,664 4.00 % $ 18,329 5.0 % Bank Dividends One source of funds available to the Company is the payment of dividends by the Bank. Banking regulations limit the amount of dividends that may be paid without prior approval from the Bank’s regulators.

Employee Stock Ownership Plan

Employee Stock Ownership Plan	12 Months Ended
	Dec. 31, 2015
Employee Stock Ownership Plan	Note 17. Employee Stock Ownership Plan The Company has a noncontributory Employee Stock Ownership Plan (“ESOP”) for the benefit of all eligible employees who have completed twelve months of service and who have attained the age of 21 years. Contributions to the plan are at the discretion of the Company’s Board of Directors. Contributions are allocated proportionately based on the covered compensation of each participant compared to the aggregate covered compensation of all participants for the plan year. Allocations are limited to 25% of eligible participant compensation. Participant accounts are 30% vested after two years, 40% vested after three years with vesting increasing 20% each year thereafter, until 100% vested. The plan had 122,522 allocated shares as of December 31, 2015. Contributions to the plan were $50 thousand and $3 thousand in 2015 and 2014, respectively. There were no dividends on the Company’s stock held by the ESOP in 2015 and 2014. Shares held by the ESOP are considered outstanding for purposes of computing earnings per share.

Stock-Based Compensation Plans

Stock-Based Compensation Plans	12 Months Ended
	Dec. 31, 2015
Stock-Based Compensation Plans	Note 18. Stock-Based Compensation Plans On June 28, 2013, the Company registered a new stock-based compensation plan with the Securities and Exchange Commission, which suspended all other plans. There are 349,500 shares available for grant under this plan at December 31, 2015. Unissued shares are generally used for exercises of stock options and restricted stock grants. Stock-based compensation expense related to stock awards during 2015 and 2014 was $63 thousand and $20 thousand, respectively. There was no unrecognized compensation expense related to stock options as of December 31, 2015. A total of 28,500 options and 7,000 options were granted and vested during 2015 and 2014, respectively. Compensation expense for stock options is the estimated fair value of options granted using the Black-Scholes Model amortized on a straight-line basis over the vesting period of the award. The expected volatility is based on historical volatility of the Company’s stock price. The risk-free interest rates for the periods within the contractual life of the awards are based on the U.S. Treasury yield curve in effect at the time of the grant. The expected life is based on historical exercise experience. The dividend yield assumption is based on the Company’s history and expectation of dividend payouts. The fair value of options granted during 2015 was $2.17 and $2.28. The fair value of options granted during 2014 was $2.75. The variables used in these calculations of the fair value of the options are as follows: For the twelve months ended December 31, 2015 2014 Risk free interest rate (5 year Treasury) 1.52% - 1.68% 1.74% Expected dividend yield 0% 0% Expected term (years) 5 5 Expected volatility 40.6% - 47.1% 51.4% Stock option plan activity for 2015 and 2014 is summarized below: Weighted Average Weighted Average Remaining Aggregate Exercise Contractual Intrinsic Shares Price Life (in years) Value (1) Options outstanding, January 1, 2014 191,002 $ 7.35 6.8 Granted 7,000 5.99 Forfeited (344 ) 5.90 Exercised — — Expired (7,239 ) 14.65 Options outstanding, December 31, 2014 190,419 7.02 6.2 $ 32,718 Granted 28,500 5.65 Forfeited — — Exercised — — Expired (7,734 ) 14.43 Options outstanding, December 31, 2015 211,185 $ 6.57 6.0 $ 81,248 Options exercisable, December 31, 2015 211,185 $ 6.57 6.0 $ 81,248 (1) The aggregate intrinsic value of a stock option in the table above represents the total pre-tax intrinsic value (the amount by which the current market value of the underlying stock exceeds the exercise price of the option) that would have been received by the option holders had all option holders exercised their options on December 31, 2015 and 2014. This amount changes based on changes in the market value of the Company’s common stock.

Earnings per Share

Earnings per Share	12 Months Ended
	Dec. 31, 2015
Earnings per Share	Note 19. Earnings per Share The following table shows the weighted average number of shares used in computing earnings per share and the effect on the weighted average number of shares of dilutive potential common stock. December 31, 2015 December 31, 2014 Average Per share Average Per share Shares Amount Shares Amount Basic earnings per share 4,791,722 $ 0.08 4,818,377 $ 0.38 Effect of dilutive securities: Stock options 13,596 11,204 Diluted earnings per share 4,805,318 $ 0.08 4,829,581 $ 0.38 For the years ended 2015 and 2014, options on 89,473 and 68,707 shares, respectively, were not included in computing diluted earnings per share because their effects were anti-dilutive.

Related Parties

Related Parties	12 Months Ended
	Dec. 31, 2015
Related Parties	Note 20. Related Parties The Company has entered into transactions with its directors and principal officers of the Company, their immediate families and affiliated companies in which they are the principal stockholders (related parties). The aggregate amount of loans to such related parties was $2.6 million and $2.9 million at December 31, 2015 and 2014, respectively. All such loans, in the opinion of management, were made in the normal course of business on the same terms, including interest rate, collectability and collateral, as those prevailing at the time for comparable transactions. (Dollars in thousands Balance, January 1, 2015 $ 2,874 New loans and extensions to existing loans 268 Repayments and other reductions (572 ) Balance, December 31, 2015 $ 2,570 Unfunded commitments to extend credit to related parties were $1.6 million and $1.5 million at December 31, 2015 and 2014, respectively. The Company maintains deposit accounts with some related parties. The aggregate amount of these deposit accounts at December 31, 2015 and 2014 amounted to $499 thousand and $374 thousand, respectively. On May 28, 2015, the Company issued $7.0 million of 6.50% subordinated debt (refer to Note 14). Related parties bought principal note amounts of $285 thousand. As of December 31, 2015, the Company owed these related parties $291 thousand in principal and accrued interest with regard to the subordinated debt.

Fair Value Measurements

Fair Value Measurements	12 Months Ended
	Dec. 31, 2015
Fair Value Measurements	Note 21. Fair Value Measurements The Company uses fair value to record certain assets and liabilities and to determine fair value disclosures. Authoritative accounting guidance clarifies that fair value of certain assets and liabilities is an exit price, representing the amount that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants. Authoritative accounting guidance specifies a hierarchy of valuation techniques based on whether the inputs to those valuation techniques are observable or unobservable. Observable inputs reflect market data obtained from independent sources, while unobservable inputs reflect the Company’s market assumptions. The three levels of the fair value hierarchy based on these two types of inputs are as follows: Level 1 – Valuation is based on quoted prices in active markets for identical assets and liabilities. Level 2 – Valuation is based on observable inputs including quoted prices in active markets for similar assets and liabilities, quoted prices for identical or similar assets and liabilities in less active markets, and model-based valuation techniques for which significant assumptions can be derived primarily from or corroborated by observable data in the market. Level 3 – Valuation is based on model-based techniques that use one or more significant inputs or assumptions that are unobservable in the market. The following describes the valuation techniques used by the Company to measure certain financial assets and liabilities recorded at fair value on a recurring basis in the financial statements: Securities available-for-sale Defined benefit plan assets Mortgage servicing rights The following table presents the balances of financial assets and liabilities measured at fair value on a recurring basis as of December 31, 2015 and December 31, 2014: (Dollars in thousands) Fair Value Measurements at December 31, 2015 Using Description Balance Level 1 Level 2 Level 3 Securities available-for-sale: Corporate bonds $ 3,945 $ — $ — $ 3,945 U. S. Government agencies 21,288 1,216 20,072 — State and municipal obligations 28,857 — 28,857 — Certificates of deposit 5,735 — 5,487 248 Total securities available-for-sale: $ 59,825 $ 1,216 $ 54,416 $ 4,193 Mortgage servicing rights $ 658 $ — $ — $ 658 Defined benefit plan assets: Cash and cash equivalents $ 3 $ 3 $ — $ — Mutual funds - fixed income 1,119 1,119 — — Mutual funds - equity 1,684 1,684 — — Total defined benefit plan assets $ 2,806 $ 2,806 $ — $ — Fair Value Measurements at December 31, 2014 Using Description Balance Level 1 Level 2 Level 3 Securities available-for-sale: U. S. Government agencies $ 16,965 $ 845 $ 16,120 $ — State and municipal obligations 23,401 — 23,401 — Certificates of deposit 2,238 — 2,238 — Total securities available-for-sale: $ 42,604 $ 845 $ 41,759 $ — Mortgage servicing rights $ 596 $ — $ — $ 596 Defined benefit plan assets: Cash and cash equivalents $ 4 $ 4 $ — $ — Mutual funds - fixed income 1,139 1,139 — — Mutual funds - equity 1,754 1,754 — — Total defined benefit plan assets $ 2,897 $ 2,897 $ — $ — The reconciliation of items using Level 3 inputs is as follows: Corporate Certificates of (Dollars in thousands) MSRs Bonds Deposit Balance, January 1, 2015 $ 596 $ — $ — Purchases — 3,950 248 Impairments — — — Fair value adjustments 62 (5 ) — Sales — — — Balance, December 31, 2015 $ 658 $ 3,945 $ 248 Certain assets are measured at fair value on a nonrecurring basis in accordance with GAAP. Adjustments to the fair value of these assets usually result from the application of lower-of-cost-or-market accounting or write-downs of individual assets. The following describes the valuation techniques used by the Company to measure certain assets recorded at fair value on a nonrecurring basis in the financial statements: Impaired Loans: Other Real Estate Owned: The following table summarizes the Company’s assets that were measured at fair value on a nonrecurring basis at the end of the respective period. Fair Value Measurements at December 31, 2015 Using (Dollars in thousands) Balance as of Description December 31, 2015 Level 1 Level 2 Level 3 Impaired Loans, net $ 3,868 $ — $ — $ 3,868 Other real estate owned, net 1,870 — — 1,870 Fair Value Measurements at December 31, 2014 Using Balance as of Description December 31, 2014 Level 1 Level 2 Level 3 Impaired Loans, net $ 1,958 $ — $ — $ 1,958 Other real estate owned, net 2,791 — — 2,791 The following table displays quantitative information about Level 3 Fair Value Measurements as of December 31, 2015: Range Balance as of Valuation Unobservable (Weighted (Dollars in thousands) December 31, 2015 Technique Input Average) Impaired Loans, net $ 3,868 Discounted appraised value Selling Cost 10% - 25% (13%) Lack of Marketability 50% - 60% (51%) Other real estate owned, net 1,870 Discounted appraised value Selling Cost 3% - 13% (4%) Lack of Marketability 10% - 20% (12%) The following table displays quantitative information about Level 3 Fair Value Measurements as of December 31, 2014: Range Balance as of Valuation Unobservable (Weighted (Dollars in thousands) December 31, 2014 Technique Input Average) Impaired Loans, net $ 1,958 Discounted appraised value Selling Cost 10% - 20% (10%) Lack of Marketability 25% - 75% (53%) Other real estate owned, net 2,791 Discounted appraised value Selling Cost 3% - 13% (5%) Lack of Marketability 7% - 20% (11%) The estimated fair values of financial instruments are shown in the following table. The carrying amounts in the table are included in the balance sheet under the applicable captions. Fair Value Measurements at December 31, 2015 Using (Dollars in thousands) Balance as of Fair Value as of Description December 31, 2015 December 31, 2015 Level 1 Level 2 Level 3 Financial Assets: Cash and due from banks $ 4,969 $ 4,969 $ 4,969 $ — $ — Interest-bearing deposits 15,330 15,330 15,330 — — Federal funds sold 271 271 271 — — Securities available-for-sale 59,825 59,825 1,216 54,416 4,193 Restricted securities 2,731 2,731 — — 2,731 Loans, net 343,323 347,500 — — 347,500 Loans held for sale 270 270 — — 270 Accrued interest receivable 1,318 1,318 — 1,318 — Mortgage servicing rights 658 658 — — 658 Financial Liabilities: Non-interest-bearing liabilities $ 65,842 $ 65,842 $ 65,842 $ — $ — Savings and other interest-bearing deposits 166,628 166,628 — 166,628 — Time deposits 127,388 127,433 — — 127,433 Securities sold under repurchase agreements 7,161 7,161 — 7,161 — FHLB advances 40,000 40,855 — 40,855 — Subordinated debt 6,844 7,000 — — 7,000 Accrued interest payable 318 318 — 318 — Fair Value Measurements at December 31, 2014 Using (Dollars in thousands) Balance as of Fair Value as of Description December 31, 2014 December 31, 2014 Level 1 Level 2 Level 3 Financial Assets: Cash and due from banks $ 6,181 $ 6,181 $ 6,181 $ — $ — Interest-bearing deposits 14,784 14,784 14,784 — — Federal funds sold 119 119 119 — — Securities available-for-sale 42,604 42,604 845 41,759 — Restricted securities 2,430 2,430 — — 2,430 Loans, net 295,242 300,481 — — 300,481 Accrued interest receivable 1,197 1,197 — 1,197 — Mortgage servicing rights 596 596 — — 596 Financial Liabilities: Non-interest-bearing liabilities $ 63,308 $ 63,308 $ 63,308 $ — $ — Savings and other interest-bearing deposits 122,502 122,502 — 122,502 — Time deposits 121,775 122,662 — — 122,662 Securities sold under repurchase agreements 6,012 6,012 — 6,012 — FHLB advances 35,000 35,951 — 35,951 — Accrued interest payable 149 149 — 149 — The carrying amounts of cash and due from banks, interest-bearing deposits, federal funds sold or purchased, accrued interest receivable, loans held for sale and non-interest-bearing deposits, are payable on demand, or are of such short duration that carrying value approximates market value. Securities available-for-sale are carried at quoted market prices, when available (Level 1). If quoted market prices are not available, fair values are measured utilizing independent valuation techniques of identical or similar securities for which significant assumptions are derived primarily from or corroborated by observable market data. Third party vendors compile prices from various sources and may determine the fair value of identical or similar securities by using pricing models that consider observable market data (Level 2). In certain cases where there is limited activity or less transparency around inputs to the valuation, securities are classified within Level 3 of the valuation hierarchy. The carrying value of restricted securities approximates fair value based on the redemption provisions of the issuer. MSRs are carried at fair value. As described above, a valuation model is used to determine fair value. This model utilizes a discounted cash flow analysis with servicing costs and prepayment assumptions based on comparable instruments and a discount rate. The fair value of performing loans is estimated by discounting the future cash flows using the current rates at which similar loans would be made to borrowers with similar remaining maturities. This calculation ignores loan fees and certain factors affecting the interest rates charged on various loans such as the borrower’s creditworthiness and compensating balances and dissimilar types of real estate held as collateral. The fair value of impaired loans is measured as described within the Impaired Loans section of this note. The fair value of loans does not consider the lack of liquidity and uncertainty in the market that would affect the valuation. Time deposits are presented at estimated fair value by discounting the future cash flows using interest rates offered for deposits of similar remaining maturities. The fair value of the Company’s subordinated debt is estimated by utilizing observable market prices for comparable securities. Qualitative factors like asset quality, market factors and liquidity are also considered. The fair value of the FHLB advances is estimated by discounting the future cash flows using the current interest rates offered for similar advances and remaining maturities. The fair value of commitments to extend credit is estimated using the fees currently charged to enter similar agreements, taking into account the remaining terms of the agreements and the present credit worthiness of the counter parties. For fixed-rate loan commitments, fair value also considers the difference between current levels of interest rates and the committed rates. The fair value of standby letters of credit is based on fees currently charged for similar agreements or on the estimated cost to terminate them or otherwise settle the obligations with the counter parties at the reporting date. At December 31, 2015 and December 31, 2014, the fair value of loan commitments and standby letters of credit was immaterial and therefore, they are not included in the table above. The Company assumes interest rate risk (the risk that general interest rate levels will change) as a result of its normal operations. As a result, the fair value of the Company’s financial instruments will change when interest rate levels change and that change may be either favorable or unfavorable to the Company. Management attempts to match maturities of assets and liabilities to the extent believed necessary to minimize interest rate risk. However, borrowers with fixed rate obligations are less likely to prepay in a rising rate environment. Conversely, depositors who are receiving fixed rates are more likely to withdraw funds before maturity in a rising rate environment and less likely to do so in a falling rate environment. Management monitors rates and maturities of assets and liabilities and attempts to minimize interest rate risk by adjusting terms of new loans and deposits and by investing in securities with terms that mitigate the Company’s overall interest rate risk.

Leases

Leases	12 Months Ended
	Dec. 31, 2015
Leases	Note 22. Leases The Company has long-term leases for three retail branches and office equipment. Lease expense for 2015 and 2014 was $168 thousand and $103 thousand, respectively. Pursuant to the terms of these leases, the following is a schedule, by year, of future minimum lease payments required under the long-term non-cancelable lease agreements (in thousands). 2016 $ 163 2017 115 2018 83 2019 28 2020 — Thereafter — $ 389

Condensed Financial Information

Condensed Financial Information of Parent Company	12 Months Ended
	Dec. 31, 2015
Condensed Financial Information of Parent Company	Note 23. Condensed Financial Information of Parent Company Financial information pertaining only to Bay Banks of Virginia, Inc. is as follows: (Dollars in thousands) December 31, 2015 December 31, 2014 Condensed Balance Sheets Assets Cash and due from non-affiliated banks $ 149 $ 2,445 Interest-bearing deposits 1,902 — Securities available-for-sale, at fair value 2,480 — Investments in subsidiaries 41,591 35,625 Other assets 1,920 1,732 Total assets $ 48,042 $ 39,802 Liabilities and Shareholders’ Equity Liabilities Subordinated debt $ 6,844 $ — Deferred directors’ compensation 477 414 Other liabilities 1,152 150 Total liabilities 8,473 564 Total shareholders’ equity 39,569 39,238 Total liabilities and shareholders’ equity $ 48,042 $ 39,802 (Dollars in thousands) Years ended December 31, 2015 2014 Condensed Income Statements Interest income $ 6 $ — Interest expense 279 — Net interest expense (273 ) — Non-interest income 629 641 Non-interest expense 839 622 (Loss) income before income taxes and equity in undistributed earnings of subsidiaries (483 ) 19 Income tax (benefit) expense (28 ) 5 Income (loss) before equity in undistributed earnings of subsidiaries (455 ) 14 Equity in undistributed earnings of subsidiaries 821 1,816 Net income $ 366 $ 1,830 (Dollars in thousands) Years ended December 31, 2015 2014 Condensed Statements of Cash Flows Cash Flows from Operating Activities: Net income $ 366 $ 1,830 Adjustments to reconcile net income to net cash provided by operating activities: Amortization of debt issuance costs 10 — Stock-based compensation 63 20 Equity in undistributed earnings of subsidiaries (821 ) (1,816 ) Increase in other assets (187 ) (467 ) Net change in deferred directors’ compensation 63 77 Increase in other liabilities 1 17 Net cash used in operating activities (505 ) (339 ) Cash Flows from Investing Activities: Purchase of securities available-for-sale (2,480 ) — Investment in subsidiaries (4,000 ) (1,100 ) Net cash used in investing activities (6,480 ) (1,100 ) Cash Flows from Financing Activities: Proceeds from the issuance of subordinated debt 6,834 — Repurchase of common stock (243 ) — Net cash provided by financing activities 6,591 — Net decrease in cash and due from banks (394 ) (1,439 ) Cash and cash equivalents at January 1 2,445 3,884 Cash and cash equivalents at December 31 $ 2,051 $ 2,445 As of December 31, 2015, the Company had accrued a capital contribution to the Bank of $1.0 million. This accrual was settled on January 4, 2016.

Accumulated Other Comprehensive

Accumulated Other Comprehensive Income	12 Months Ended
	Dec. 31, 2015
Accumulated Other Comprehensive Income	Note 24. Accumulated Other Comprehensive Income The balances in accumulated other comprehensive income (loss) are shown in the following table (dollars in thousands): Net Unrealized Pension and Accumulated Other Gains (Losses) Post-retirement Comprehensive on Securities Benefit Plans Income (Loss) Balance January 1, 2014 $ (791 ) $ (382 ) $ (1,173 ) Change in net unrealized holding gains on securities, before reclassification, net of tax expense of $422 820 — 820 Reclassification for previously unrealized net losses recognized in income, net of tax benefit of $9 16 — 16 Net loss on pension and postretirement plans, net of tax benefit of $301 — (584 ) (584 ) Balance December 31, 2014 45 (966 ) (921 ) Change in net unrealized holding gains on securities, before reclassification, net of tax expense of $46 90 — 90 Reclassification for previously unrealized net gains recognized in income, net of tax expense of $14 (28 ) — (28 ) Net gain on pension and postretirement plans, net of tax expense of $42 — 83 83 Balance at December 31, 2015 $ 107 $ (883 ) $ (776 ) Reclassification for previously unrealized gains and impairments on securities and pension and postemployment related costs are reported in the consolidated statements of income as follows: Accumulated Other Comprehensive Income (Loss) Reclassification for the Year Ended December 31, 2015 Holding gains (losses) Pension and (Dollars in thousands) on securities postemployment costs Net gains on sale of securities available-for-securities $ 42 $ — Salaries and employee benefits — (76 ) Tax (expense) benefit (14 ) 29 Impact on net income $ 28 $ (47 ) Accumulated Other Comprehensive Income (Loss) Reclassification for the Year Ended December 31, 2014 Holding gains (losses) Pension and (Dollars in thousands) on securities postemployment costs Net losses on sale of securities available-for-securities $ (25 ) $ — Salaries and employee benefits — (37 ) Tax (expense) benefit 9 13 Impact on net income $ (16 ) $ (24 )

Subsequent Event

Subsequent Event	12 Months Ended
	Dec. 31, 2015
Subsequent Event	Note 25. Subsequent Event On February 23, 2016, one of the Bank’s commercial borrowers pleaded guilty in a federal court to “Willful Failure to Collect or Pay Over Employment Tax” and admitted to regularly and deliberately creating false financial statements for submission to financial institutions in order to encourage banks to lend new funds to his companies, or to enable the renewal of existing loans. The Bank had five loans to this borrower totaling $2.2 million, all of which have been placed on nonaccrual status, classified as substandard and evaluated for impairment as of December 31, 2015. On March 16 and 17, 2016, the Bank foreclosed on related properties used as collateral for certain of the loans. An additional $691 thousand of impairment reserves have been added to the allowance for loan losses effective December 31, 2015.

Significant Accounting Polici33

Significant Accounting Policies (Policies)	12 Months Ended
	Dec. 31, 2015
Use of estimates	Use of estimates The preparation of the consolidated financial statements in conformity with U.S. generally accepted accounting principles (“GAAP”) requires management to make estimates and assumptions. The amounts recorded in the consolidated financial statements may be affected by those estimates and assumptions. Actual results may vary from those estimates. Material estimates that are particularly susceptible to significant change in the near term relate to the determination of the allowance for loan losses, the measurement of fair value of foreclosed real estate, deferred taxes, impairment testing of goodwill, projected pension and post-retirement obligations and fair value measurements.
Cash and cash equivalents	Cash and cash equivalents For purposes of the consolidated statements of cash flows, cash and cash equivalents include cash and balances due from banks, all of which mature within ninety days.
Interest-bearing deposits in banks	Interest-bearing deposits in banks Interest-bearing deposits in banks are carried at cost, which mature within one year, and include deposits with the Federal Reserve Bank of Richmond.
Securities	Securities Investments in debt and equity securities with readily determinable fair values are classified as either held to maturity, available-for-sale, or trading, based on management’s intent. Currently, all of the Company’s investment securities are classified as available-for-sale. Securities available-for-sale are carried at estimated fair value with the corresponding unrealized gains and losses excluded from earnings and reported in other comprehensive income. A gain or loss is recognized in earnings on the settlement date based on the amortized cost of the specific security sold. Purchase premiums and discounts are recognized in interest income via amortization or accretion, respectively, using the interest method over the terms of the securities. Impairment of securities occurs when the fair value of a security is less than its amortized cost. For debt securities, impairment is considered other-than-temporary and recognized in its entirety in net income if (i) there is evidence of credit related impairment; (ii) the Company intends to sell the security or (iii) it is more-likely-than-not that the Company will be required to sell the security before recovery of its amortized cost basis. If, however, the Company does not intend to sell the security and it is not more-likely-than-not that it will be required to sell the security before recovery, the Company must determine what portion of the impairment is attributable to a credit loss, which occurs when the amortized cost basis of the security exceeds the present value of the cash flows expected to be collected from the security. If there is a credit loss, the loss must be recognized in net income and the remaining portion of impairment must be recognized in other comprehensive income. For equity securities, impairment is considered to be other-than-temporary based on the Company’s ability and intent to hold the investment until a recovery of fair value. Other-than-temporary impairment of an equity security results in a write-down that must be included in net income. The Company regularly reviews each investment security for other-than-temporary impairment based on criteria that include the extent to which cost exceeds market price, the duration of that market decline, the financial health of and specific prospects for the issuer, the Company’s best estimate of the present value of cash flows expected to be collected from debt securities, the Company’s intention with regard to holding the security to maturity and the likelihood that it would be required to sell the security before recovery.
Securities sold under repurchase agreements	Securities sold under repurchase agreements Securities sold under repurchase agreements, which are classified as secured borrowings, generally mature within one year from the transaction date. Securities sold under repurchase agreements are reflected at the amount of cash received in connection with the transaction. The Company is required to provide collateral based on the value of the underlying cash.
Loans	Loans The Company grants mortgage loans on real estate; commercial and industrial loans; and consumer and other loans to customers. A substantial portion of the loan portfolio is represented by mortgage loans on real estate. The ability of the Company’s debtors to honor their contracts is dependent upon the real estate and general economic conditions in the Company’s market areas. Loans are reported at their recorded investment, which is the outstanding principal balance net of any unearned income, such as deferred fees and costs, and charge-offs. Interest on loans is recognized over the term of the loan and is calculated using the interest method on principal amounts outstanding. Loan origination fees and certain direct origination costs are deferred and recognized as an adjustment of the related loan yield over the contractual term of the loan, adjusted for early pay-offs, where applicable. The accrual of interest is generally discontinued at the time a loan is 90 days or more past due, or earlier, if collection is uncertain based on an evaluation of the net realizable value of the collateral and the financial strength of the borrower. Payments received for loans no longer accruing interest are applied to the unpaid principal balance. Loans greater than 90 days past due may remain on accrual status if the credit is well-secured and in process of collection. Credit card loans and other personal loans are typically charged off no later than 180 days past due. Past due status is based on the contractual terms of the loan. In all cases, loans are charged off at an earlier date if collection of principal or interest is considered doubtful. Nonaccrual and past due policies are materially the same for all types of loans. All interest accrued but not collected for loans that are placed on non-accrual or charged off are reversed against interest income. Any interest received on these loans is accounted for on the cash basis or cost recovery method until qualifying for return to accrual. Generally, a loan is returned to accrual status when all the principal and interest amounts contractually due are brought current and future payments are reasonably assured, or it becomes well secured and in the process of collection.
Troubled debt restructuring ("TDR")	Troubled debt restructuring (“TDR”) In some situations, for economic or legal reasons related to a borrower’s financial condition, management may grant a concession to a borrower that it would not otherwise consider. In cases where borrowers are granted new terms that provide for a reduction of either interest or principal, the related loan is classified as a troubled debt restructuring. Management strives to identify borrowers in financial difficulty early and work with them to modify their loan to more affordable terms before their loan reaches nonaccrual status. These modified terms may include rate reductions, principal forgiveness, payment forbearance and other actions intended to minimize the economic loss and to avoid foreclosure or repossession of the collateral. Management measures all TDRs for impairment as noted below for impaired loans.
Allowance for loan losses ("ALL")	Allowance for loan losses (“ALL”) The ALL reflects management’s judgment of probable loan losses inherent in the portfolio at the balance sheet date. Management uses a disciplined process and methodology to establish the ALL each quarter. To determine the total ALL, the Company estimates the reserves needed for each homogenous segment of the portfolio, plus any loans analyzed individually for impairment. Considerations include historical experience, the nature and volume of the loan portfolio, adverse situations that may affect a borrower’s ability to repay, estimated value of any underlying collateral, prevailing local and national economic conditions, and internal policies and procedures including credit risk management and underwriting. This evaluation is inherently subjective, as it requires estimates that are susceptible to significant revision as conditions change. Management employs a risk rating system to evaluate and consistently categorize loan portfolio credit risk. Loans assigned risk rating grades include all commercial loans not secured by real estate, commercial mortgages, residential mortgages greater than $1 million, smaller residential mortgages which are impaired, loans to real estate developers and contractors, consumer loans greater than $250 thousand with chronic delinquency, and troubled debt restructures. The grading analysis estimates the capability of the borrower to repay the contractual obligations of the loan agreements as scheduled. Risk grades are evaluated as new information becomes available for each borrowing relationship or at least quarterly. All other loans not specifically assigned a risk rating grade are monitored as a discrete pool of loans generally based on delinquency status. Risk rating categories are as follows: Pass Watch Special Mention Substandard Doubtful Loss The ALL consists of specific, general, and unallocated components. The specific component is determined by identifying impaired loans (as described below) then evaluating each one to calculate the amount of impairment. Impaired loans measured for impairment generally include: (1) non-accruing Special mention, Substandard and Doubtful loans in excess of $250,000; (2) Substandard and Doubtful loans in excess of $500,000; (3) Special Mention loans in excess of $500,000 if any of the loans in the relationship are more than 30 days past due or if the borrower has filed for bankruptcy; and (4) all TDRs. A specific allowance arises when the discounted cash flows (or collateral value or observable market price) of the impaired loan is lower than the carrying value of that loan. The general component collectively evaluates smaller commercial loans, residential mortgages and consumer loans, grouped into segments and classes. Historical loss experience is calculated and applied to each segment or class, then adjusted for qualitative factors. Qualitative factors include changes in the local and national economic outlook, including unemployment, interest rates, inflation rates and real estate trends; the level and trend of past due and nonaccrual loans; strength of policies and procedures; and oversight of credit risk and quality of underwriting. These qualitative adjustments reflect management’s judgment of risks inherent in the segments. An unallocated component is maintained if needed to cover uncertainties that could affect management’s estimate of probable losses. The unallocated component of the allowance reflects the margin of imprecision inherent in the underlying assumptions used in the methodologies for estimating specific and general losses in the portfolio. Changes in the allowance for loan losses and the related provision expense can materially affect net income. The specific component of the ALL calculation accounts for the loan loss reserve necessary on impaired loans. A loan is considered impaired when, based on current information and events, it is probable that the Company will be unable to collect the scheduled payments of principal or interest when due according to the contractual terms of the loan agreement. Factors considered by management in determining impairment include payment status, collateral value, and the probability of collecting scheduled principal and interest payments when due. Loans that experience insignificant payment delays and payment shortfalls generally are not considered impaired. Management determines the significance of payment delays and payment shortfalls on a case-by-case basis, taking into consideration all of the circumstances surrounding the loan and the borrower, including the length of the delay, the reasons for the delay, the borrower’s prior payment record, and the amount of the shortfall in relation to the principal and interest owed. Accrual of interest may or may not be discontinued for any given impaired loan. Impairment is measured by either the present value of expected future cash flows discounted at the loan’s effective interest rate, the loan’s obtainable market price, or the fair value of the collateral if the loan is collateral dependent. Because large groups of smaller balance homogeneous loans are collectively evaluated for impairment, the Company does not generally separately identify smaller balance individual consumer and residential loans for impairment disclosures, unless such loans are the subject of a troubled debt restructuring agreement. The general component of the ALL calculation collectively evaluates groups of loans in segments or classes, as noted above. The segments are: (1) Mortgage loans on real estate; (2) Commercial and industrial loans; and (3) Consumer and other loans. The segment for Mortgage loans on real estate is disaggregated into the following classes: (1) Construction, land and land development; (2) Farmland; (3) Residential first mortgages; (4) Residential revolving and junior mortgages; (5) Commercial mortgages (non-owner-occupied); and (6) Commercial mortgages (owner-occupied). Loans in segment 1 are secured by real estate. Loans in segments 2 and 3 are secured by other types of collateral or are unsecured. A given segment or class may not reflect the purpose of a loan. For example, a business owner may provide his residence as collateral for a loan to his company, in which case the loan would be grouped in a residential mortgage class. Historical loss factors are calculated for the prior 19 quarters by segment and class, and then applied to the current balances in each segment and class. Finally, qualitative factors are applied to each segment and class. Construction and development loans carry risks that the project will not be finished according to schedule or according to budget and the value of the collateral, at any point in time, may be less than the principal amount of the loan. These loans also bear the risk that the general contractor may face financial pressure unrelated to the project. Loans secured by land, farmland and residential mortgages carry the risk of continued credit-worthiness of the borrower and changes in value of the underlying real estate collateral. Commercial mortgages and commercial and industrial loans carry risks associated with the profitable operation of a business and its related cash flows. Additionally, commercial and industrial loans carry risks associated with the value of collateral other than real estate which may depreciate over time. Consumer loans carry risks associated with the continuing credit-worthiness of the borrower and are more likely than real estate loans to be adversely affected by divorce, unemployment, personal illness or bankruptcy of an individual. Consumer loans secured by automobiles carry risks associated with rapidly depreciating collateral. Consumer loans include credit cards, which are unsecured. The summation of the specific, general and unallocated components results in the total estimated ALL. Management may also include an unallocated component to cover uncertainties in the level of probable losses. This estimate is inherently subjective and actual losses could be greater or less than the estimates. Additions to the ALL are made by charges to earnings through the provision for loan losses. Charge-offs result from credit exposures deemed to be uncollectible and the ALL is reduced by these. Recoveries of previously charged off amounts are credited back to the ALL. Charge-off policies are materially the same for all types of loans.
Mortgage servicing rights ("MSRs")	Mortgage servicing rights (“MSRs”) MSRs are included on the consolidated balance sheet and recorded at fair value on an ongoing basis. Changes in the fair value of the MSRs are recorded in the results of operations. A fair value analysis of MSRs is performed on a quarterly basis.
Premises and equipment, net	Premises and equipment, net Land is carried at cost. Premises and equipment are carried at cost less accumulated depreciation. Depreciation is computed by the straight-line method over the estimated useful lives of the premises and equipment. Estimated useful lives range from 10-40 years for buildings, and from 3-10 years for furniture, fixtures and equipment. Maintenance and repairs are charged to expense as incurred, and major improvements are capitalized.
Other real estate owned, net	Other real estate owned, net Real estate properties acquired through, or in lieu of, loan foreclosure are marketed for sale and are initially recorded at the lesser of the fair value on the date of foreclosure less estimated selling costs or carrying value of the loan. After acquisition, management acquires new valuations at least every two years. Revenue and expenses related to the operation or maintenance of foreclosed properties are included in expenses from foreclosed assets and changes in the valuation allowance are included in other real estate gains (losses).
Goodwill	Goodwill Goodwill is related to unidentifiable intangible assets arising from the acquisition of five branches during the years 1994 through 2000. Goodwill is tested annually for impairment. If impairment exists, the amount of impairment would result in a charge to expense.
Income taxes	Income taxes Deferred income tax assets and liabilities are determined using the liability (or balance sheet) method. Under this method, the net deferred tax asset or liability is determined based on the tax effects of the temporary differences between the book and tax bases of the various balance sheet assets and liabilities and gives current recognition to changes in tax rates and laws. When tax returns are filed, it is highly certain that some positions taken would be sustained upon examination by the taxing authorities, while others are subject to uncertainty about the merits of the position taken or the amount of the position that would ultimately be sustained. The benefit of a tax position is recognized in the financial statements in the period during which, based on all available evidence, management believes it is more likely than not that the position will be sustained upon examination, including the resolution of appeals or litigation processes, if any. Tax positions taken are not offset or aggregated with other positions. Tax positions that meet the more-likely-than-not recognition threshold are measured as the largest amount of tax benefit that is more than 50 percent likely to be realized upon settlement with the applicable taxing authority. The portion of the benefits associated with tax positions taken that exceeds the amount measured as described above is reflected as a liability for unrecognized tax benefits in the accompanying balance sheets along with any associated interest and penalties that would be payable to the taxing authorities upon examination. Interest and penalties, if any, associated with unrecognized tax benefits are classified as additional income taxes in the statements of income. The Company evaluates its deferred tax assets quarterly to determine if those assets will be recovered and if a valuation allowance is needed. At December 31, 2015, the Company determined no valuation allowance related to its deferred tax assets was necessary.
Pension benefits	Pension benefits The Company has a non-contributory cash balance benefit pension plan which was frozen in 2012. The plan covers employees who had become vested in the plan by the date it was frozen. The balances for those employees in the plan receive interest credits.
Postretirement benefits	Postretirement benefits The Company provides certain health care benefits for all retired employees who meet eligibility requirements.
Trust assets and income	Trust assets and income Customer assets held by the Trust Company, other than cash on deposit at the Bank, are not included in these financial statements, since such items are not assets of the Bank or the Trust Company. Trust fees are recorded on the accrual basis.
Earnings per share	Earnings per share Basic earnings per share represent income available to common shareholders divided by the weighted-average number of common shares outstanding during the period. Diluted earnings per share reflect additional common shares that would have been outstanding if dilutive potential common shares had been issued. Potential common shares that may be issued by the Company relate solely to outstanding stock options. Refer to Note 19.
Off-balance-sheet financial instruments	Off-balance-sheet financial instruments In the ordinary course of business, the Company enters into off-balance-sheet financial agreements such as home equity lines of credit, overdraft protection lines of credit, unsecured lines of credit, commitments under credit card arrangements, construction loan commitments and standby letters of credit. Such financial instruments are recorded in the financial statements when they are funded or related fees are incurred or received.
Significant group concentration of credit risk	Significant group concentration of credit risk Most of the Company’s business activity is with customers located in the Virginia counties of Lancaster, Northumberland, Richmond, Westmoreland, Middlesex, Chesterfield and Henrico. The Company makes residential, commercial and consumer loans and a significant amount of the loan portfolio is comprised of real estate mortgage loans, which are secured primarily by single-family residences. The adequacy of collateral on real estate mortgage loans is highly dependent on changes in real estate values.
Advertising	Advertising Advertising costs are expensed as incurred and totaled $213 thousand and $237 thousand for the years ended December 31, 2015 and 2014, respectively.
Comprehensive income	Comprehensive income Comprehensive income consists of net income and other comprehensive income. Other comprehensive income includes unrealized gains or losses on securities available-for-sale and changes in the actuarial gain or loss of the pension and postretirement plans. The cumulative position of the items in comprehensive income resides in shareholders’ equity as accumulated other comprehensive income. Refer to Note 24.
Fair value of financial instruments	Fair value of financial instruments Fair values of financial instruments are estimated using relevant market information and other assumptions, as more fully disclosed in Note 21. Fair value estimates involve uncertainties and matters of significant judgment. Changes in assumptions or in market conditions could significantly affect the estimates.
Transfers of financial assets	Transfers of financial assets Transfers of financial assets are accounted for as sales when control over the assets has been surrendered. Control over transferred assets is deemed to be surrendered when: (1) the assets have been isolated from the Company – put presumptively beyond reach of the transferor and its creditors, even in bankruptcy or other receivership; (2) the transferee obtains the right (free of conditions that constrain it from taking advantage of that right) to pledge or exchange the transferred assets; and (3) the Company does not maintain effective control over the transferred assets through an agreement to repurchase them before their maturity or the ability to unilaterally cause the holder to return specific assets.
Stock-based compensation plans	Stock-based compensation plans Authoritative accounting guidance requires companies to recognize the cost of employee services received in exchange for awards of equity instruments, such as stock options and restricted stock, based on the fair value of those awards at the date of grant. This cost is recognized over the vesting period of the respective awards.
Recent Accounting Pronouncements	Recent Accounting Pronouncements . In January 2016, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) 2016-01, Financial Instruments – Overall In April 2015, the FASB issued ASU 2015-03, Interest – Imputation of Interest In February 2015, the FASB issued ASU No. 2015-02, Consolidation (Topic 810): Amendments to the Consolidation Analysis In January 2015, the FASB issued ASU 2015-01, Income Statement – Extraordinary and Unusual Items In June 2014, the FASB issued ASU 2014-11, Transfers and Servicing (Topic 860): Repurchase-to-Maturity Transactions, Repurchase Financings, and Disclosures. In May 2014, the FASB issued ASU 2014-09, Revenue from Contracts with Customers In January 2014, the FASB issued ASU 2014-04, Receivables – Troubled Debt Restructurings by Creditors (Subtopic 310-4): Reclassification of Residential Real Estate Collateralized Consumer Mortgage Loans upon Foreclosure

Investment Securities (Tables)

Investment Securities (Tables)	12 Months Ended
	Dec. 31, 2015
Aggregate Amortized Cost and Fair Values of Available-for-Sale Securities Portfolio	The aggregate amortized cost and fair values of the available-for-sale securities portfolio are as follows: (Dollars in thousands) Gross Gross Available-for-sale securities Amortized Unrealized Unrealized Fair December 31, 2015 Cost Gains (Losses) Value Corporate bonds $ 3,950 $ — $ (5 ) $ 3,945 U.S. Government agencies 21,375 69 (156 ) 21,288 State and municipal obligations 28,599 313 (55 ) 28,857 Certificates of deposits 5,704 31 — 5,735 $ 59,628 $ 413 $ (216 ) $ 59,825 Gross Gross Available-for-sale securities Amortized Unrealized Unrealized Fair December 31, 2014 Cost Gains (Losses) Value U.S. Government agencies $ 16,969 $ 33 $ (37 ) $ 16,965 State and municipal obligations 23,335 226 (160 ) 23,401 Certificates of deposits 2,232 8 (2 ) 2,238 $ 42,536 $ 267 $ (199 ) $ 42,604
Gross Realized Gains and Gross Realized Losses on Sales of Securities	The cost of securities sold is based on actual net cost. Gross realized gains and gross realized losses, as well as proceeds on sales and calls of securities, were as follows: For the years ended December 31, (Dollars in thousands) 2015 2014 Gross realized gains $ 68 $ 8 Gross realized losses (26 ) (33 ) Net realized gains (losses) $ 42 $ (25 ) Aggregate proceeds $ 13,540 $ 3,810
Aggregate Amortized Cost and Market Values of Investment Securities Portfolio by Contractual Maturity	The aggregate amortized cost and market values of the investment securities portfolio by contractual maturity at December 31, 2015 are shown below: (Dollars in thousands) Amortized Cost Fair Value Due in one year or less $ 4,339 $ 4,341 Due after one year through five years 27,449 27,516 Due after five through ten years 25,333 25,462 Due after ten years 2,507 2,506 $ 59,628 $ 59,825
Unrealized Loss Positions	Bonds with unrealized loss positions at December 31, 2014 included 29 municipals, 13 federal agencies and three certificates of deposit. (Dollars in thousands) Less than 12 months 12 months or more Total Fair Unrealized Fair Unrealized Fair Unrealized December 31, 2015 Value Loss Value Loss Value Loss Corporate bonds $ 495 $ (5 ) $ — $ — $ 495 $ (5 ) U.S. Government agencies 13,871 (141 ) 1,619 (15 ) 15,490 (156 ) States and municipal obligations 2,566 (17 ) 3,281 (38 ) 5,847 (55 ) Total temporarily impaired securities $ 16,932 $ (163 ) $ 4,900 $ (53 ) $ 21,832 $ (216 ) Less than 12 months 12 months or more Total Fair Unrealized Fair Unrealized Fair Unrealized December 31, 2014 Value Loss Value Loss Value Loss U.S. Government agencies $ 1,499 $ (4 ) $ 3,532 $ (33 ) $ 5,031 $ (37 ) States and municipal obligations 412 (5 ) 9,006 (155 ) 9,418 (160 ) Certificates of deposit 742 (2 ) — — 742 (2 ) Total temporarily impaired securities $ 2,653 $ (11 ) $ 12,538 $ (188 ) $ 15,191 $ (199 )
Cumulative Credit Related Other-Than Temporary Impairment Losses Recognized on One Debt Security	The following table summarizes cumulative credit-related other-than temporary impairment losses recognized on the one auction rate security held by the Company (no other-than-temporary-impairment was recognized for the years ended December 31, 2015 and 2014): For the year ended (Dollars in thousands) December 31, 2014 Balance, beginning of the period $ 288 Impairment losses recognized during the period — Realized losses from sales (288 ) Balance, end of period $ —

Loans (Tables)

Loans (Tables)	12 Months Ended
	Dec. 31, 2015
Summary of Balances of Loans	The following is a summary of the balances of loans: (Dollars in thousands) December 31, 2015 December 31, 2014 Mortgage loans on real estate: Construction, Land and Land Development $ 42,129 $ 43,048 Farmland 1,030 1,128 Commercial Mortgages (Non-Owner Occupied) 29,086 20,534 Commercial Mortgages (Owner Occupied) 43,956 33,326 Residential First Mortgages 164,405 135,267 Residential Revolving and Junior Mortgages 26,497 25,400 Commercial and Industrial loans 35,104 34,002 Consumer Loans 5,015 5,349 Total loans 347,222 298,054 Net unamortized deferred loan costs 324 393 Allowance for loan losses (4,223 ) (3,205 ) Loans, net $ 343,323 $ 295,242
Recorded Investment in Past Due and Non-accruing Loans	The recorded investment in past due and non-accruing loans is shown in the following table. A loan past due by 90 days or more is generally placed on nonaccrual, unless it is both well secured and in the process of collection. 90 Days or 30-89 More Past Total Past (Dollars in thousands) Days Due and Due and Total December 31, 2015 Past Due Still Accruing Nonaccruals Nonaccruals Current Loans Mortgage Loans on Real Estate: Construction, Land and Land Development $ 93 $ — $ 672 $ 765 $ 41,364 $ 42,129 Farmland — — — — 1,030 1,030 Commercial Mortgages (Non-Owner Occupied) 264 — — 264 28,822 29,086 Commercial Mortgages (Owner Occupied) 133 — 2,350 2,483 41,473 43,956 Residential First Mortgages 1,304 — 2,841 4,145 160,260 164,405 Residential Revolving and Junior Mortgages 70 — 277 347 26,150 26,497 Commercial and Industrial 10 — 285 295 34,809 35,104 Consumer Loans 32 11 8 51 4,964 5,015 Total $ 1,906 $ 11 $ 6,433 $ 8,350 $ 338,872 $ 347,222 90 Days or 30-89 More Past Total Past Days Due and Due and Total December 31, 2014 Past Due Still Accruing Nonaccruals Nonaccruals Current Loans Mortgage Loans on Real Estate: Construction, Land and Land Development $ 64 $ — $ 669 $ 733 $ 42,315 $ 43,048 Farmland — — — — 1,128 1,128 Commercial Mortgages (Non-Owner Occupied) — — — — 20,534 20,534 Commercial Mortgages (Owner Occupied) — — 566 566 32,760 33,326 Residential First Mortgages 1,270 — 359 1,629 133,638 135,267 Residential Revolving and Junior Mortgages 6 — 31 37 25,363 25,400 Commercial and Industrial 96 — 228 324 33,678 34,002 Consumer Loans 66 14 101 181 5,168 5,349 Total $ 1,502 $ 14 $ 1,954 $ 3,470 $ 294,584 $ 298,054

Allowance for Loan Losses (Tabl

Allowance for Loan Losses (Tables)	12 Months Ended
	Dec. 31, 2015
Allowance for Loan Losses by Portfolio Segment	A disaggregation of and an analysis of the change in the allowance for loan losses by segment is shown below. Mortgage Commercial Consumer Loans on and and other (Dollars in thousands) Real Estate Industrial Loans Total For the Twelve Months Ended December 31, 2015 Beginning Balance $ 2,778 $ 323 $ 104 $ 3,205 (Charge-offs) (521 ) (9 ) (128 ) (658 ) Recoveries 27 — 52 79 Provision 1,218 285 94 1,597 Ending Balance $ 3,502 $ 599 $ 122 $ 4,223 Individually evaluated for impairment $ 1,256 $ 278 $ — $ 1,534 Collectively evaluated for impairment 2,246 321 122 2,689 Mortgage Commercial Consumer Loans on and and Other (Dollars in thousands) Real Estate Industrial Loans Total For the Twelve Months Ended December 31, 2014 Beginning Balance $ 2,465 $ 256 $ 204 $ 2,925 (Charge-offs) (313 ) — (79 ) (392 ) Recoveries 36 — 25 61 Provision 590 67 (46 ) 611 Ending Balance $ 2,778 $ 323 $ 104 $ 3,205 Individually evaluated for impairment $ 665 $ — $ 11 $ 676 Collectively evaluated for impairment 2,113 323 93 2,529
Loan Receivables Evaluated for Impairment Individually and Collectively by Segment	Loan receivables evaluated for impairment individually and collectively by segment as of December 31, 2015 and 2014 are as follows: Mortgage Commercial Consumer (Dollars in thousands) Loans and and Other on Real Estate Industrial Loans Total As of December 31, 2015 Individually evaluated for impairment $ 10,542 $ 284 $ — $ 10,826 Collectively evaluated for impairment 296,561 34,820 5,015 336,396 Total Gross Loans $ 307,103 $ 35,104 $ 5,015 $ 347,222 As of December 31, 2014 Individually evaluated for impairment $ 6,842 $ — $ 16 $ 6,858 Collectively evaluated for impairment 251,861 34,002 5,333 291,196 Total Gross Loans $ 258,703 $ 34,002 $ 5,349 $ 298,054
Internal Risk Rating Grades	Internal risk rating grades are shown in the following table. Construction, Commercial Commercial Land and Mortgages Mortgages Commercial (Dollars in thousands) Land (Non-Owner (Owner and As of December 31, 2015 Development Farmland Occupied) Occupied) Industrial Total Grade: Pass $ 34,692 $ 1,030 $ 24,258 $ 33,023 $ 29,383 $ 122,386 Watch 5,337 — 4,564 4,968 5,202 20,071 Special mention 1,119 — — 2,687 148 3,954 Substandard 981 — 264 3,278 371 4,894 Doubtful — — — — — — Total $ 42,129 $ 1,030 $ 29,086 $ 43,956 $ 35,104 $ 151,305 Construction, Commercial Commercial Land and Mortgages Mortgages Commercial Land (Non-Owner (Owner and As of December 31, 2014 Development Farmland Occupied) Occupied) Industrial Total Grade: Pass $ 34,913 $ 1,128 $ 16,426 $ 23,967 $ 31,041 $ 107,475 Watch 5,649 — 3,770 4,430 2,492 16,341 Special mention 1,403 — — 2,789 154 4,346 Substandard 1,083 — 338 2,140 315 3,876 Doubtful — — — — — — Total $ 43,048 $ 1,128 $ 20,534 $ 33,326 $ 34,002 $ 132,038
Performing and Non Performing Loans	Loans are considered to be nonperforming when they are delinquent by 90 days or more or non-accruing and credit risk is primarily evaluated by delinquency status, as shown in the table below. Residential (Dollars in thousands) Residential Revolving As of December 31, 2015 First and Junior Consumer PAYMENT ACTIVITY STATUS Mortgages (1) Mortgages (2) Loans (3) Total Performing $ 161,564 $ 26,220 $ 4,996 $ 192,780 Nonperforming 2,841 277 19 3,137 Total $ 164,405 $ 26,497 $ 5,015 $ 195,917 Residential Residential Revolving As of December 31, 2014 First and Junior Consumer PAYMENT ACTIVITY STATUS Mortgages (4) Mortgages (5) Loans (6) Total Performing $ 134,908 $ 25,369 $ 5,234 $ 165,511 Nonperforming 359 31 115 505 Total $ 135,267 $ 25,400 $ 5,349 $ 166,016 Notes: (1) Residential First Mortgages which have been assigned a risk rating grade of Substandard totaled $3.9 million as of December 31, 2015. (2) Residential Revolving and Junior Mortgages which have been assigned a risk rating grade of Substandard totaled $372 thousand as of December 31, 2015. (3) No Consumer Loans have been assigned a risk rating grade of Substandard as of December 31, 2015. (4) Residential First Mortgages which have been assigned a risk rating grade of Substandard totaled $2.1 million as of December 31, 2014. (5) Residential Revolving and Junior Mortgages which have been assigned a risk rating grade of Substandard totaled $219 thousand as of December 31, 2014. (6) Consumer Loans which have been assigned a risk rating grade of Substandard totaled $1 thousand as of December 31, 2014.
Company's Recorded Investment and Customers Unpaid Principal Balances for Impaired Loans, with Associated Allowance Amount	The following tables show the Company’s recorded investment and the customers’ unpaid principal balances for impaired loans, with the associated allowance amount, if applicable, as of December 31, 2015 and 2014, along with the average recorded investment and interest income recognized for the years ended December 31, 2015 and 2014. (Dollars in thousands) As of December 31, 2015 As of December 31, 2014 IMPAIRED LOANS Recorded Customers’ Unpaid Related Recorded Customers’ Unpaid Related Investment Principal Balance Allowance Investment Principal Balance Allowance With no related allowance: Construction, Land and Land Development $ 445 $ 451 $ — $ 450 $ 452 $ — Residential First Mortgages 3,130 3,166 — 1,568 1,584 — Residential Revolving and Junior Mortgages (1) 233 233 — 50 50 — Commercial Mortgages (Non-owner occupied) 264 264 — 264 264 — Commercial Mortgages (Owner occupied) 1,352 1,390 — 1,887 1,916 — Commercial and Industrial — — — — — — Consumer (2) — — — 5 5 — 5,424 5,504 — 4,224 4,271 — With an allowance recorded: Construction, Land and Land Development 262 290 120 277 292 144 Residential First Mortgages 2,507 2,507 308 2,173 2,173 437 Residential Revolving and Junior Mortgages (1) 258 259 150 173 173 84 Commercial Mortgages (Non-owner occupied) — — — — — — Commercial Mortgages (Owner occupied) 2,091 2,348 678 — — — Commercial and Industrial 284 285 278 — — — Consumer (2) — — — 11 11 11 5,402 5,689 1,534 2,634 2,649 676 Total Impaired Loans: Construction, Land and Land Development 707 741 120 727 744 144 Residential First Mortgages 5,637 5,673 308 3,741 3,757 437 Residential Revolving and Junior Mortgages (1) 491 492 150 223 223 84 Commercial Mortgages (Non-owner occupied) 264 264 — 264 264 — Commercial Mortgages (Owner occupied) 3,443 3,738 678 1,887 1,916 — Commercial and Industrial 284 285 278 — — — Consumer (2) — — — 16 16 11 $ 10,826 $ 11,193 $ 1,534 $ 6,858 $ 6,920 $ 676 Notes: (1) Junior mortgages include equity lines. (2) Includes credit cards. For the Year Ended For the Year Ended December 31, 2015 December 31, 2014 Average Interest Average Interest Recorded Income Recorded Income (Dollars in thousands) Investment Recognized Investment Recognized With no related allowance: Construction, Land and Land Development $ 448 $ — $ 451 $ 3 Residential First Mortgages 2,077 74 1,148 49 Residential Revolving and Junior Mortgages (1) 87 5 10 — Commercial Mortgages (Non-owner occupied) 264 16 264 16 Commercial Mortgages (Owner occupied) 1,099 28 1,911 79 Commercial and Industrial — — — — Consumer (2) — — 6 — 3,975 123 3,790 147 With an allowance recorded: Construction, Land and Land Development 270 5 168 4 Residential First Mortgages 1,900 90 2,184 100 Residential Revolving and Junior Mortgages (1) 204 11 174 9 Commercial Mortgages (Non-owner occupied) — — — — Commercial Mortgages (Owner occupied) 1,343 39 — — Commercial and Industrial 130 2 — — Consumer (2) — — 24 2 3,847 147 2,550 115 Total Construction, Land and Land Development 718 5 619 7 Residential First Mortgages 3,977 164 3,332 149 Residential Revolving and Junior Mortgages (1) 291 16 184 9 Commercial Mortgages (Non-owner occupied) 264 16 264 16 Commercial Mortgages (Owner occupied) 2,442 67 1,911 79 Commercial and Industrial 130 2 — — Consumer (2) — — 30 2 $ 7,822 $ 270 $ 6,340 $ 262 Notes: (1) Junior mortgages include equity lines. (2) Includes credit cards.
Summary of Troubled Debt Restructurings	The following table presents, by segments of loans, information related to loans modified as TDRs during the years ended December 31, 2015 and 2014. For the Year Ended For the Year Ended December 31, 2015 December 31, 2014 Pre-Modification Post-Modification Pre-Modification Post-Modification (Dollars in thousands) Outstanding Outstanding Outstanding Outstanding Number of Recorded Recorded Number of Recorded Recorded TROUBLED DEBT RESTRUCTURINGS Loans Investment Investment Loans Investment Investment Construction, land and land development (1) — $ — $ — 2 $ 282 $ 277 Residenital first mortages (1) 2 988 986 — — — Residential revolving and junior mortgages (1) — — — 1 50 50 Commercial mortgages (Owner occupied) (2) 1 105 124 — — — Notes: (1) Modifications were an extention of the loan terms. (2) Modifications were capitalization of the interest. For the Year Ended For the Year Ended December 31, 2015 December 31, 2014 TROUBLED DEBT RESTRUCTURINGS Number of Recorded Number of Recorded THAT SUBSEQUENTLY DEFAULTED Loans Investment Loans Investment Residential revolving and junior mortgages — $ — 1 $ 75 Commerical mortgages (Owner occupied) 1 124 2 255

Other Real Estate Owned, Net (T

Other Real Estate Owned, Net (Tables)	12 Months Ended
	Dec. 31, 2015
Net of Valuation Allowances for Losses on Other Real Estate Owned	Other real estate owned (“OREO”) is presented net of a valuation allowance for losses. An analysis of the valuation allowance on OREO is shown below. Years ended December 31, (Dollars in thousands) 2015 2014 Balance, beginning of year $ 626 $ 538 Provision for losses 288 235 Charge-offs (293 ) (147 ) Balance, end of period $ 621 $ 626
Components of Expenses Applicable to Foreclosed Assets	Expenses applicable to OREO include the following: Years ended December 31, (Dollars in thousands) 2015 2014 Net loss on sales of real estate $ 107 $ 92 Provision for losses 288 235 Operating expenses, net of income 68 131 Total expenses $ 463 $ 458
Summary of Properties Included in Other Real Estate Owned (OREO)	The following table details the properties included in OREO as of December 31, 2015 and December 31, 2014. There were no collateralized consumer residential mortgage loans in the process of foreclosure as of December 31, 2015. As of December 31, 2015 As of December 31, 2014 No. of Carrying No. of Carrying (Dollars in thousands) Properties Value Properties Value Residential 3 $ 540 10 $ 1,559 Land lots 7 413 13 587 Convenience store 2 191 2 234 Restaurant 1 55 1 107 Commerical properties 3 671 1 304 Total 16 $ 1,870 27 $ 2,791

Premises and Equipment, net (Ta

Premises and Equipment, net (Tables)	12 Months Ended
	Dec. 31, 2015
Components of Premises and Equipment Included in Balance Sheets	Components of premises and equipment included in the balance sheets at December 31, 2015 and 2014 were as follows: 2015 2014 (Dollars in thousands) Land and improvements $ 2,350 $ 2,004 Buildings and improvements 12,232 13,032 Furniture and equipment 10,069 9,703 Total cost 24,651 24,739 Less accumulated depreciation (13,005 ) (12,857 ) Premises and equipment, net $ 11,646 $ 11,882

Deposits (Tables)

Deposits (Tables)	12 Months Ended
	Dec. 31, 2015
Schedule of Time Deposits Maturities	At December 31, 2015, the scheduled maturities of time deposits are as follows (in thousands): 2016 $ 56,692 2017 12,717 2018 36,506 2019 4,397 2020 17,076 Thereafter — $ 127,388

Employee Benefit Plans (Tables)

Employee Benefit Plans (Tables)	12 Months Ended
	Dec. 31, 2015
Change in Benefit Obligation	Pension Benefits Postretirement Benefits (Dollars in thousands) 2015 2014 2015 2014 Change in benefit obligation Benefit obligation, beginning of year $ 3,546 $ 2,737 $ 771 $ 607 Service cost — — 23 15 Interest cost 131 142 30 30 Actuarial loss (gain) (104 ) 721 (147 ) 130 Benefit payments (85 ) (54 ) (9 ) (11 ) Settlement gain — — — — Benefit obligation, end of year 3,488 3,546 668 771
Change in Plan Assets	Change in plan assets Fair value of plan assets, beginning of year 2,897 2,820 — — Actual return on plan assets (6 ) 131 — — Employer contributions — — 9 11 Benefits payments (85 ) (54 ) (9 ) (11 ) Fair value of plan assets, end of year 2,806 2,897 — — Funded status at the end of the year $ (682 ) $ (649 ) $ (668 ) $ (771 )
Defined Benefit Plan Funded Status	Funded status at the end of the year $ (682 ) $ (649 ) $ (668 ) $ (771 )
Amounts Recognized in Accumulated Other Comprehensive Loss (Income)	Amounts recognized in accumulated other comprehensive loss (income) Net loss (gain) $ 1,402 $ 1,380 $ (65 ) $ 83 Prior service cost — — — — Net obligation at transition — — — — Amount recognized $ 1,402 $ 1,380 $ (65 ) $ 83
Components of Net Periodic Benefit Cost (Gain)	Components of net periodic benefit cost (gain) Service cost $ — $ — $ 23 $ 15 Interest cost 131 142 30 30 Expected (return) on plan assets (196 ) (202 ) — — Amortization of prior service cost — — — — Amortization of net obligation at transition — — — — Recognized net loss due to settlement — — — — Recognized net actuarial loss 76 37 — — Net periodic benefit (gain) cost 11 (23 ) 53 45
Other Changes in Plan Assets and Benefit Obligations Recognized in Accumulated Other Comprehensive (Income) Loss	Other changes in plan assets and benefit obligations recognized in accumulated other comprehensive (income) loss Net loss (gain) 22 755 (147 ) 130 Amortization of prior service cost — — — — Amortization of net obligation at transition — — — — Total recognized in other comprehensive loss/(income) 22 755 (147 ) 130 Total recognized in net periodic benefit cost and other comprehensive loss/(income) $ 33 $ 732 $ (94 ) $ 175
Weighted-average Assumptions	Weighted-average assumptions as of December 31: 2015 2014 2015 2014 Discount rate used for Net Periodic Pension Cost 4.00 % 5.00 % 4.00 % 5.00 % Discount Rate used for Disclosure 4.25 % 4.00 % 4.25 % 4.00 % Expected return on plan assets 7.50 % 7.50 % N/A N/A Rate of compensation increase N/A N/A N/A N/A Rate of compensation increase for net periodic pension cost N/A N/A N/A N/A Expected future interest crediting rate 3.00 % 3.00 % N/A N/A
Estimated Future Benefit Payments for Pension and Postretirement Plans	Estimated future benefit payments for the pension and postretirement plans are as follows (in thousands): Pension Postretirement 2016 $ 509 $ 18 2017 209 20 2018 38 22 2019 362 24 2020 410 27 2021 and thereafter 1,381 170
Fair Value of Pension Plan Assets by Asset Category	The fair value of the Company’s pension plan assets by asset category are as follows: (Dollars in thousands) Fair Value Measurements at December 31, 2015 Using Description Balance Level 1 Level 2 Level 3 Defined benefit plan assets: Cash and cash equivalents $ 3 $ 3 $ — $ — Mutual funds - fixed income 1,119 1,119 — — Mutual funds - equity 1,684 1,684 — — Total defined benefit plan assets $ 2,806 $ 2,806 $ — $ — Fair Value Measurements at December 31, 2014 Using Description Balance Level 1 Level 2 Level 3 Defined benefit plan assets: Cash and cash equivalents $ 4 $ 4 $ — $ — Mutual funds - fixed income 1,139 1,139 — — Mutual funds - equity 1,754 1,754 — — Total defined benefit plan assets $ 2,897 $ 2,897 $ — $ —

Debt (Tables)

Debt (Tables)	12 Months Ended
	Dec. 31, 2015
Advances of Debt	The seven advances are shown in the following table. Current Maturity Description Balance Originated Interest Rate Date Adjustable Rate Hybrid $ 10,000,000 4/12/2013 2.70060 % 4/13/2020 Fixed Rate Credit 5,000,000 10/20/2014 0.47000 % 4/20/2016 Fixed Rate Credit 5,000,000 5/20/2015 0.37000 % 2/22/2016 Adjustable Rate Credit 5,000,000 6/18/2015 0.55250 % 9/19/2016 Fixed Rate Credit 5,000,000 10/20/2015 0.52000 % 10/20/2016 Fixed Rate Credit 5,000,000 12/21/2015 0.99000 % 6/15/2017 Fixed Rate Credit 5,000,000 12/22/2015 1.08000 % 9/15/2017 $ 40,000,000
Subordinated Debt	(Dollars in thousands) Balance as of December 31, 2015 6.5% Subordinated Debt $ 7,000 Less: Issuance costs (156 ) $ 6,844

Income Taxes (Tables)

Income Taxes (Tables)	12 Months Ended
	Dec. 31, 2015
(Benefit) Expense for Income Taxes	The (benefit) expense for income taxes consisted of the following (in thousands): Year ended December 31, 2015 2014 Current $ 303 $ 499 Deferred (490 ) 58 $ (187 ) $ 557
Summary of Reasons for Differences Between Statutory Federal Income Tax Rates and Effective Tax Rates	The reasons for the differences between the statutory Federal income tax rates and the effective tax rates are summarized as follows: 2015 2014 Statutory rate 34.0 % 34.0 % Increase (decrease) resulting from: Tax exempt interest -116.9 % -8.3 % Bank owned life insurance -46.8 % -3.1 % Other, net 25.5 % 0.7 % -104.2 % 23.3 %
Components of Net Deferred Tax Assets and Liabilities	The components of the net deferred tax assets and liabilities included in other liabilities are as follows (in thousands): December 31, 2015 2014 Deferred tax assets Allowance for loan losses $ 985 $ 661 Interest on non-accrual loans 89 47 Other real estate 419 397 Pension plan 233 222 Postretirement benefits 227 262 Deferred compensation 162 141 Stock-based compensation 31 25 Other 20 11 Total deferred tax assets 2,166 1,766 Deferred tax liabilities Unrealized gains on available-for-sale securities (55 ) (23 ) Depreciation (171 ) (218 ) Amortization of goodwill (955 ) (928 ) Net deferred loan fees and costs (110 ) (134 ) Other (64 ) (67 ) Total deferred tax (liabilities) (1,355 ) (1,370 ) Net deferred tax assets $ 811 $ 396

Regulatory Requirements and R43

Regulatory Requirements and Restrictions (Tables)	12 Months Ended
	Dec. 31, 2015
Schedule of Bank's Actual Capital Amounts and Ratios	The Company’s and the Bank’s actual capital amounts and ratios as of December 31, 2015 and December 31, 2014, are presented in the following tables: Minimum To Be Well Capitalized Under Minimum Prompt Corrective Actual Capital Requirement Action Provisions (Dollars in Thousands) Amount Ratio Amount Ratio Amount Ratio As of December 31, 2015: Total Risk Based Capital (to Risk Weighted Assets) Consolidated $ 49,305 15.54 % $ 25,380 8.00 % N/A N/A Bank of Lancaster 42,923 13.64 % 25,176 8.00 % $ 31,471 10.0 % Tier 1 Capital (to Risk Weighted Assets) Consolidated 38,492 12.13 % 19,035 6.00 % N/A N/A Bank of Lancaster 38,986 12.39 % 18,882 6.00 % $ 25,176 8.0 % Common Equity Tier 1 Capital (to Risk Weighted Assets) Consolidated 38,492 12.13 % 14,276 4.50 % N/A N/A Bank of Lancaster 38,986 12.39 % 14,162 4.50 % $ 20,456 6.5 % Tier 1 Capital (to Average Assets) Consolidated 38,492 8.84 % 17,420 4.00 % N/A N/A Bank of Lancaster 38,986 9.11 % 17,125 4.00 % $ 21,406 5.0 % Minimum To Be Well Capitalized Under Minimum Prompt Corrective Actual Capital Requirement Action Provisions (Dollars in Thousands) Amount Ratio Amount Ratio Amount Ratio As of December 31, 2014: Total Risk Based Capital (to Risk Weighted Assets) Consolidated $ 41,445 15.02 % $ 22,074 8.00 % N/A N/A Bank of Lancaster 36,446 13.30 % 21,927 8.00 % $ 27,409 10.0 % Tier 1 Capital (to Risk Weighted Assets) Consolidated 38,240 13.86 % 11,037 4.00 % N/A N/A Bank of Lancaster 33,241 12.13 % 10,964 4.00 % $ 16,445 6.0 % Tier 1 Capital (to Average Assets) Consolidated 38,240 10.36 % 14,770 4.00 % N/A N/A Bank of Lancaster 33,241 9.07 % 14,664 4.00 % $ 18,329 5.0 %

Stock-Based Compensation Plans

Stock-Based Compensation Plans (Tables)	12 Months Ended
	Dec. 31, 2015
Fair Value of Options	The variables used in these calculations of the fair value of the options are as follows: For the twelve months ended December 31, 2015 2014 Risk free interest rate (5 year Treasury) 1.52% - 1.68% 1.74% Expected dividend yield 0% 0% Expected term (years) 5 5 Expected volatility 40.6% - 47.1% 51.4%
Summary of Stock Option Activity	Stock option plan activity for 2015 and 2014 is summarized below: Weighted Average Weighted Average Remaining Aggregate Exercise Contractual Intrinsic Shares Price Life (in years) Value (1) Options outstanding, January 1, 2014 191,002 $ 7.35 6.8 Granted 7,000 5.99 Forfeited (344 ) 5.90 Exercised — — Expired (7,239 ) 14.65 Options outstanding, December 31, 2014 190,419 7.02 6.2 $ 32,718 Granted 28,500 5.65 Forfeited — — Exercised — — Expired (7,734 ) 14.43 Options outstanding, December 31, 2015 211,185 $ 6.57 6.0 $ 81,248 Options exercisable, December 31, 2015 211,185 $ 6.57 6.0 $ 81,248 (1) The aggregate intrinsic value of a stock option in the table above represents the total pre-tax intrinsic value (the amount by which the current market value of the underlying stock exceeds the exercise price of the option) that would have been received by the option holders had all option holders exercised their options on December 31, 2015 and 2014. This amount changes based on changes in the market value of the Company’s common stock.

Earnings per Share (Tables)

Earnings per Share (Tables)	12 Months Ended
	Dec. 31, 2015
Weighted Average Number of Shares Used in Computing Earnings per Share	The following table shows the weighted average number of shares used in computing earnings per share and the effect on the weighted average number of shares of dilutive potential common stock. December 31, 2015 December 31, 2014 Average Per share Average Per share Shares Amount Shares Amount Basic earnings per share 4,791,722 $ 0.08 4,818,377 $ 0.38 Effect of dilutive securities: Stock options 13,596 11,204 Diluted earnings per share 4,805,318 $ 0.08 4,829,581 $ 0.38

Related Parties (Tables)

Related Parties (Tables)	12 Months Ended
	Dec. 31, 2015
Summary of Related Party Transactions	(Dollars in thousands Balance, January 1, 2015 $ 2,874 New loans and extensions to existing loans 268 Repayments and other reductions (572 ) Balance, December 31, 2015 $ 2,570

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	12 Months Ended
	Dec. 31, 2015
Schedule of Balances of Financial Assets and Liabilities Measured at Fair Value on Recurring Basis	The following table presents the balances of financial assets and liabilities measured at fair value on a recurring basis as of December 31, 2015 and December 31, 2014: (Dollars in thousands) Fair Value Measurements at December 31, 2015 Using Description Balance Level 1 Level 2 Level 3 Securities available-for-sale: Corporate bonds $ 3,945 $ — $ — $ 3,945 U. S. Government agencies 21,288 1,216 20,072 — State and municipal obligations 28,857 — 28,857 — Certificates of deposit 5,735 — 5,487 248 Total securities available-for-sale: $ 59,825 $ 1,216 $ 54,416 $ 4,193 Mortgage servicing rights $ 658 $ — $ — $ 658 Defined benefit plan assets: Cash and cash equivalents $ 3 $ 3 $ — $ — Mutual funds - fixed income 1,119 1,119 — — Mutual funds - equity 1,684 1,684 — — Total defined benefit plan assets $ 2,806 $ 2,806 $ — $ — Fair Value Measurements at December 31, 2014 Using Description Balance Level 1 Level 2 Level 3 Securities available-for-sale: U. S. Government agencies $ 16,965 $ 845 $ 16,120 $ — State and municipal obligations 23,401 — 23,401 — Certificates of deposit 2,238 — 2,238 — Total securities available-for-sale: $ 42,604 $ 845 $ 41,759 $ — Mortgage servicing rights $ 596 $ — $ — $ 596 Defined benefit plan assets: Cash and cash equivalents $ 4 $ 4 $ — $ — Mutual funds - fixed income 1,139 1,139 — — Mutual funds - equity 1,754 1,754 — — Total defined benefit plan assets $ 2,897 $ 2,897 $ — $ —
Reconciliation of Items Using Level Three Inputs	The reconciliation of items using Level 3 inputs is as follows: Corporate Certificates of (Dollars in thousands) MSRs Bonds Deposit Balance, January 1, 2015 $ 596 $ — $ — Purchases — 3,950 248 Impairments — — — Fair value adjustments 62 (5 ) — Sales — — — Balance, December 31, 2015 $ 658 $ 3,945 $ 248
Summary of Assets Measured at Fair Value on Nonrecurring Basis	The following table summarizes the Company’s assets that were measured at fair value on a nonrecurring basis at the end of the respective period. Fair Value Measurements at December 31, 2015 Using (Dollars in thousands) Balance as of Description December 31, 2015 Level 1 Level 2 Level 3 Impaired Loans, net $ 3,868 $ — $ — $ 3,868 Other real estate owned, net 1,870 — — 1,870 Fair Value Measurements at December 31, 2014 Using Balance as of Description December 31, 2014 Level 1 Level 2 Level 3 Impaired Loans, net $ 1,958 $ — $ — $ 1,958 Other real estate owned, net 2,791 — — 2,791
Summary of Quantitative Fair Value Measurements for Level 3	The following table displays quantitative information about Level 3 Fair Value Measurements as of December 31, 2015: Range Balance as of Valuation Unobservable (Weighted (Dollars in thousands) December 31, 2015 Technique Input Average) Impaired Loans, net $ 3,868 Discounted appraised value Selling Cost 10% - 25% (13%) Lack of Marketability 50% - 60% (51%) Other real estate owned, net 1,870 Discounted appraised value Selling Cost 3% - 13% (4%) Lack of Marketability 10% - 20% (12%) The following table displays quantitative information about Level 3 Fair Value Measurements as of December 31, 2014: Range Balance as of Valuation Unobservable (Weighted (Dollars in thousands) December 31, 2014 Technique Input Average) Impaired Loans, net $ 1,958 Discounted appraised value Selling Cost 10% - 20% (10%) Lack of Marketability 25% - 75% (53%) Other real estate owned, net 2,791 Discounted appraised value Selling Cost 3% - 13% (5%) Lack of Marketability 7% - 20% (11%)
Estimated Fair Values of Financial Instruments	The estimated fair values of financial instruments are shown in the following table. The carrying amounts in the table are included in the balance sheet under the applicable captions. Fair Value Measurements at December 31, 2015 Using (Dollars in thousands) Balance as of Fair Value as of Description December 31, 2015 December 31, 2015 Level 1 Level 2 Level 3 Financial Assets: Cash and due from banks $ 4,969 $ 4,969 $ 4,969 $ — $ — Interest-bearing deposits 15,330 15,330 15,330 — — Federal funds sold 271 271 271 — — Securities available-for-sale 59,825 59,825 1,216 54,416 4,193 Restricted securities 2,731 2,731 — — 2,731 Loans, net 343,323 347,500 — — 347,500 Loans held for sale 270 270 — — 270 Accrued interest receivable 1,318 1,318 — 1,318 — Mortgage servicing rights 658 658 — — 658 Financial Liabilities: Non-interest-bearing liabilities $ 65,842 $ 65,842 $ 65,842 $ — $ — Savings and other interest-bearing deposits 166,628 166,628 — 166,628 — Time deposits 127,388 127,433 — — 127,433 Securities sold under repurchase agreements 7,161 7,161 — 7,161 — FHLB advances 40,000 40,855 — 40,855 — Subordinated debt 6,844 7,000 — — 7,000 Accrued interest payable 318 318 — 318 — Fair Value Measurements at December 31, 2014 Using (Dollars in thousands) Balance as of Fair Value as of Description December 31, 2014 December 31, 2014 Level 1 Level 2 Level 3 Financial Assets: Cash and due from banks $ 6,181 $ 6,181 $ 6,181 $ — $ — Interest-bearing deposits 14,784 14,784 14,784 — — Federal funds sold 119 119 119 — — Securities available-for-sale 42,604 42,604 845 41,759 — Restricted securities 2,430 2,430 — — 2,430 Loans, net 295,242 300,481 — — 300,481 Accrued interest receivable 1,197 1,197 — 1,197 — Mortgage servicing rights 596 596 — — 596 Financial Liabilities: Non-interest-bearing liabilities $ 63,308 $ 63,308 $ 63,308 $ — $ — Savings and other interest-bearing deposits 122,502 122,502 — 122,502 — Time deposits 121,775 122,662 — — 122,662 Securities sold under repurchase agreements 6,012 6,012 — 6,012 — FHLB advances 35,000 35,951 — 35,951 — Accrued interest payable 149 149 — 149 —

Leases (Tables)

Leases (Tables)	12 Months Ended
	Dec. 31, 2015
Future Minimum Lease payments for Long-term Non-cancelable Lease agreements	the following is a schedule, by year, of future minimum lease payments required under the long-term non-cancelable lease agreements (in thousands). 2016 $ 163 2017 115 2018 83 2019 28 2020 — Thereafter — $ 389

Condensed Financial Informati49

Condensed Financial Information of Parent Company (Tables)	12 Months Ended
	Dec. 31, 2015
Condensed Balance Sheets	(Dollars in thousands) December 31, 2015 December 31, 2014 Condensed Balance Sheets Assets Cash and due from non-affiliated banks $ 149 $ 2,445 Interest-bearing deposits 1,902 — Securities available-for-sale, at fair value 2,480 — Investments in subsidiaries 41,591 35,625 Other assets 1,920 1,732 Total assets $ 48,042 $ 39,802 Liabilities and Shareholders’ Equity Liabilities Subordinated debt $ 6,844 $ — Deferred directors’ compensation 477 414 Other liabilities 1,152 150 Total liabilities 8,473 564 Total shareholders’ equity 39,569 39,238 Total liabilities and shareholders’ equity $ 48,042 $ 39,802
Condensed Income Statements	(Dollars in thousands) Years ended December 31, 2015 2014 Condensed Income Statements Interest income $ 6 $ — Interest expense 279 — Net interest expense (273 ) — Non-interest income 629 641 Non-interest expense 839 622 (Loss) income before income taxes and equity in undistributed earnings of subsidiaries (483 ) 19 Income tax (benefit) expense (28 ) 5 Income (loss) before equity in undistributed earnings of subsidiaries (455 ) 14 Equity in undistributed earnings of subsidiaries 821 1,816 Net income $ 366 $ 1,830
Condensed Statements of Cash Flows	(Dollars in thousands) Years ended December 31, 2015 2014 Condensed Statements of Cash Flows Cash Flows from Operating Activities: Net income $ 366 $ 1,830 Adjustments to reconcile net income to net cash provided by operating activities: Amortization of debt issuance costs 10 — Stock-based compensation 63 20 Equity in undistributed earnings of subsidiaries (821 ) (1,816 ) Increase in other assets (187 ) (467 ) Net change in deferred directors’ compensation 63 77 Increase in other liabilities 1 17 Net cash used in operating activities (505 ) (339 ) Cash Flows from Investing Activities: Purchase of securities available-for-sale (2,480 ) — Investment in subsidiaries (4,000 ) (1,100 ) Net cash used in investing activities (6,480 ) (1,100 ) Cash Flows from Financing Activities: Proceeds from the issuance of subordinated debt 6,834 — Repurchase of common stock (243 ) — Net cash provided by financing activities 6,591 — Net decrease in cash and due from banks (394 ) (1,439 ) Cash and cash equivalents at January 1 2,445 3,884 Cash and cash equivalents at December 31 $ 2,051 $ 2,445

Accumulated Other Comprehensi50

Accumulated Other Comprehensive Income (Tables)	12 Months Ended
	Dec. 31, 2015
Balances in Accumulated Other Comprehensive Income (Loss)	The balances in accumulated other comprehensive income (loss) are shown in the following table (dollars in thousands): Net Unrealized Pension and Accumulated Other Gains (Losses) Post-retirement Comprehensive on Securities Benefit Plans Income (Loss) Balance January 1, 2014 $ (791 ) $ (382 ) $ (1,173 ) Change in net unrealized holding gains on securities, before reclassification, net of tax expense of $422 820 — 820 Reclassification for previously unrealized net losses recognized in income, net of tax benefit of $9 16 — 16 Net loss on pension and postretirement plans, net of tax benefit of $301 — (584 ) (584 ) Balance December 31, 2014 45 (966 ) (921 ) Change in net unrealized holding gains on securities, before reclassification, net of tax expense of $46 90 — 90 Reclassification for previously unrealized net gains recognized in income, net of tax expense of $14 (28 ) — (28 ) Net gain on pension and postretirement plans, net of tax expense of $42 — 83 83 Balance at December 31, 2015 $ 107 $ (883 ) $ (776 )
Reclassification of Unrealized Gains and Impairments on Securities and Pension and Postemployment Related Costs	Reclassification for previously unrealized gains and impairments on securities and pension and postemployment related costs are reported in the consolidated statements of income as follows: Accumulated Other Comprehensive Income (Loss) Reclassification for the Year Ended December 31, 2015 Holding gains (losses) Pension and (Dollars in thousands) on securities postemployment costs Net gains on sale of securities available-for-securities $ 42 $ — Salaries and employee benefits — (76 ) Tax (expense) benefit (14 ) 29 Impact on net income $ 28 $ (47 ) Accumulated Other Comprehensive Income (Loss) Reclassification for the Year Ended December 31, 2014 Holding gains (losses) Pension and (Dollars in thousands) on securities postemployment costs Net losses on sale of securities available-for-securities $ (25 ) $ — Salaries and employee benefits — (37 ) Tax (expense) benefit 9 13 Impact on net income $ (16 ) $ (24 )

Organization and Presentation -

Organization and Presentation - Additional Information (Detail)	12 Months Ended
	Dec. 31, 2015Subsidiary
Organization And Basis Of Presentation [Line Items]
Number of active subsidiaries	2

Significant Accounting Polici52

Significant Accounting Policies - Additional Information (Detail)	12 Months Ended
	Dec. 31, 2015USD ($)	Dec. 31, 2014USD ($)	Dec. 31, 2000Branch
Significant Accounting Policies [Line Items]
Interest-Bearing Deposits in Banks, maturity period	1 year
Secured borrowings maturity period under repurchase agreements	1 year
Credit card and other personal loans charged off period no later than period	180 days
Percentage of excess loan balance for watch category	90.00%
Impaired loans measurement	Impaired loans measured for impairment generally include: (1) non-accruing Special mention, Substandard and Doubtful loans in excess of $250,000; (2) Substandard and Doubtful loans in excess of $500,000; (3) Special Mention loans in excess of $500,000 if any of the loans in the relationship are more than 30 days past due or if the borrower has filed for bankruptcy; and (4) all TDRs
Loan Receivables	$ 151,305,000	$ 132,038,000
Number of branches purchased during the years 1994 through 2000 | Branch			5
Deferred tax assets valuation allowance	0
Advertising expense	213,000	237,000
Special Mention
Significant Accounting Policies [Line Items]
Loan Receivables	$ 3,954,000	$ 4,346,000
Loan due days	30 days
Residential First Mortgages
Significant Accounting Policies [Line Items]
Minimum balance in order to assign a risk rating grade	$ 1,000,000
Consumer and Other Loans
Significant Accounting Policies [Line Items]
Minimum balance in order to assign a risk rating grade	$ 250,000
Minimum
Significant Accounting Policies [Line Items]
Number of days past due for a loan to remain on accrual status	90 days
Real estate properties acquired through, or in lieu of, loan foreclosure, valuation period	2 years
Minimum | Building
Significant Accounting Policies [Line Items]
Estimated useful lives	10 years
Minimum | Furniture and Equipment
Significant Accounting Policies [Line Items]
Estimated useful lives	3 years
Minimum | Non-accruing Special mention, Substandard and Doubtful loans
Significant Accounting Policies [Line Items]
Loan Receivables	$ 250,000
Minimum | Substandard and Doubtful loans
Significant Accounting Policies [Line Items]
Loan Receivables	500,000
Minimum | Special Mention
Significant Accounting Policies [Line Items]
Loan Receivables	$ 500,000
Maximum | Building
Significant Accounting Policies [Line Items]
Estimated useful lives	40 years
Maximum | Furniture and Equipment
Significant Accounting Policies [Line Items]
Estimated useful lives	10 years

Goodwill - Additional Informati

Goodwill - Additional Information (Detail)	Sep. 30, 2015USD ($)	Dec. 31, 2015USD ($)	Dec. 31, 2014USD ($)	Dec. 31, 2000Branch
Goodwill And Other Intangible Assets [Line Items]
Goodwill		$ 2,808,000	$ 2,808,000
Number of branches purchased during the years 1994 through 2000 | Branch				5
Impairment of goodwill	$ 0

Securities - Aggregate Amortize

Securities - Aggregate Amortized Cost and Fair Values of Available-for-Sale Securities Portfolio (Detail) - USD ($) $ in Thousands	Dec. 31, 2015	Dec. 31, 2014
Schedule of Available-for-sale Securities [Line Items]
Amortized Cost	$ 59,628	$ 42,536
Gross Unrealized Gains	413	267
Gross Unrealized (Losses)	(216)	(199)
Fair Value	59,825	42,604
Certificates of Deposit
Schedule of Available-for-sale Securities [Line Items]
Amortized Cost	5,704	2,232
Gross Unrealized Gains	31	8
Gross Unrealized (Losses)		(2)
Fair Value	5,735	2,238
US Government Agencies
Schedule of Available-for-sale Securities [Line Items]
Amortized Cost	21,375	16,969
Gross Unrealized Gains	69	33
Gross Unrealized (Losses)	(156)	(37)
Fair Value	21,288	16,965
State and Municipal Obligations
Schedule of Available-for-sale Securities [Line Items]
Amortized Cost	28,599	23,335
Gross Unrealized Gains	313	226
Gross Unrealized (Losses)	(55)	(160)
Fair Value	28,857	$ 23,401
Corporate Bonds
Schedule of Available-for-sale Securities [Line Items]
Amortized Cost	3,950
Gross Unrealized (Losses)	(5)
Fair Value	$ 3,945

Securities - Gross Realized Gai

Securities - Gross Realized Gains and Gross Realized Losses on Sales of Securities (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014
Schedule of Available-for-sale Securities [Line Items]
Gross realized gains	$ 68	$ 8
Gross realized losses	(26)	(33)
Net realized gains (losses)	42	(25)
Aggregate proceeds	$ 13,540	$ 3,810

Investment Securities - Aggrega

Investment Securities - Aggregate Amortized Cost and Market Values of Investment Securities Portfolio by Contractual Maturity (Detail) - USD ($) $ in Thousands	Dec. 31, 2015	Dec. 31, 2014
Schedule of Available-for-sale Securities [Line Items]
Due in one year or less, Amortized Cost	$ 4,339
Due after one year through five years, Amortized Cost	27,449
Due after five through ten years, Amortized Cost	25,333
Due after ten years, Amortized Cost	2,507
Amortized Cost	59,628	$ 42,536
Due in one year or less, Fair Value	4,341
Due after one year through five years, Fair Value	27,516
Due after five through ten years, Fair Value	25,462
Due after ten years, Fair Value	2,506
Fair Value	$ 59,825	$ 42,604

Investment Securities - Additio

Investment Securities - Additional Information (Detail) $ in Thousands	3 Months Ended	6 Months Ended	12 Months Ended
	Mar. 31, 2014USD ($)	Jun. 30, 2013USD ($)	Dec. 31, 2015USD ($)Bond	Dec. 31, 2014USD ($)Bond	Dec. 31, 2013USD ($)
Schedule of Available-for-sale Securities [Line Items]
Average yields (taxable equivalent) on securities			2.48%	2.40%
Market value of securities			$ 8,600	$ 8,500
Securities sold under repurchase agreements			7,161	6,012
Other-than-temporary impairment charge					$ 288
Proceed from disposal of auction rate securities			13,540	3,810
Company's investment in Federal Home Loan Bank stock			2,000	1,900
Company's investment in Federal Reserve Bank stock			$ 505	$ 382
US Government Agencies
Schedule of Available-for-sale Securities [Line Items]
Bonds with unrealized loss positions | Bond			5	13
Certificates of Deposit
Schedule of Available-for-sale Securities [Line Items]
Bonds with unrealized loss positions | Bond				3
Municipal Securities
Schedule of Available-for-sale Securities [Line Items]
Bonds with unrealized loss positions | Bond			17	29
Corporate Bonds
Schedule of Available-for-sale Securities [Line Items]
Bonds with unrealized loss positions | Bond			1
Auction Rate Security
Schedule of Available-for-sale Securities [Line Items]
Face amount of security sold		$ 1,200
Percentage of Auction rate securities with provision		50.00%
Proceed from disposal of auction rate securities	$ 912

Securities - Unrealized Loss Po

Securities - Unrealized Loss Positions (Detail) - USD ($) $ in Thousands	Dec. 31, 2015	Dec. 31, 2014
Schedule of Available-for-sale Securities [Line Items]
Less than 12 months, Fair Value	$ 16,932	$ 2,653
Less than 12 months, Unrealized Loss	(163)	(11)
12 months or more, Fair Value	4,900	12,538
12 months or more, Unrealized Loss	(53)	(188)
Fair Value, Total	21,832	15,191
Total Unrealized Loss	(216)	(199)
Certificates of Deposit
Schedule of Available-for-sale Securities [Line Items]
Less than 12 months, Fair Value		742
Less than 12 months, Unrealized Loss		(2)
Fair Value, Total		742
Total Unrealized Loss		(2)
Corporate Bonds
Schedule of Available-for-sale Securities [Line Items]
Less than 12 months, Fair Value	495
Less than 12 months, Unrealized Loss	(5)
Fair Value, Total	495
Total Unrealized Loss	(5)
US Government Agencies
Schedule of Available-for-sale Securities [Line Items]
Less than 12 months, Fair Value	13,871	1,499
Less than 12 months, Unrealized Loss	(141)	(4)
12 months or more, Fair Value	1,619	3,532
12 months or more, Unrealized Loss	(15)	(33)
Fair Value, Total	15,490	5,031
Total Unrealized Loss	(156)	(37)
State and Municipal Obligations
Schedule of Available-for-sale Securities [Line Items]
Less than 12 months, Fair Value	2,566	412
Less than 12 months, Unrealized Loss	(17)	(5)
12 months or more, Fair Value	3,281	9,006
12 months or more, Unrealized Loss	(38)	(155)
Fair Value, Total	5,847	9,418
Total Unrealized Loss	$ (55)	$ (160)

Investment Securities - Cumulat

Investment Securities - Cumulative Credit Related Other-Than Temporary Impairment Losses Recognized on One Debt Security (Detail) $ in Thousands	12 Months Ended
	Dec. 31, 2014USD ($)
Other than Temporary Impairment, Credit Losses Recognized in Earnings [Line Items]
Balance, beginning of the period	$ 288
Impairment losses recognized during the period	0
Realized losses from sales	(288)
Balance, end of period	$ 0

Loans - Summary of Balances of

Loans - Summary of Balances of Loans (Detail) - USD ($) $ in Thousands	Dec. 31, 2015	Dec. 31, 2014
Summary of balances of loans
Total loans	$ 347,222	$ 298,054
Net unamortized deferred loan costs	324	393
Allowance for loan losses	(4,223)	(3,205)
Loans, net	343,323	295,242
Construction, Land and Land Development
Summary of balances of loans
Total loans	42,129	43,048
Farmland
Summary of balances of loans
Total loans	1,030	1,128
Commercial Mortgages (Non-Owner Occupied)
Summary of balances of loans
Total loans	29,086	20,534
Commercial Mortgages (Owner Occupied)
Summary of balances of loans
Total loans	43,956	33,326
Residential First Mortgages
Summary of balances of loans
Total loans	164,405	135,267
Residential Revolving and Junior Mortgages
Summary of balances of loans
Total loans	26,497	25,400
Commercial and Industrial
Summary of balances of loans
Total loans	35,104	34,002
Consumer and Other Loans
Summary of balances of loans
Total loans	$ 5,015	$ 5,349

Loans - Additional Informations

Loans - Additional Informations (Detail)	12 Months Ended
	Dec. 31, 2015
Minimum
Accounts, Notes, Loans and Financing Receivable [Line Items]
Number of days past due for a loan to remain on accrual status	90 days

Loans - Recorded Investment in

Loans - Recorded Investment in Past Due and Non-accruing Loans (Detail) - USD ($) $ in Thousands	Dec. 31, 2015	Dec. 31, 2014
Accounts, Notes, Loans and Financing Receivable [Line Items]
30-89 Days Past Due	$ 1,906	$ 1,502
90 Days or More Past Due and Still Accruing	11	14
Nonaccruals	6,433	1,954
Total Past Due and Nonaccruals	8,350	3,470
Current	338,872	294,584
Total Gross Loans	347,222	298,054
Construction, Land and Land Development
Accounts, Notes, Loans and Financing Receivable [Line Items]
30-89 Days Past Due	93	64
Nonaccruals	672	669
Total Past Due and Nonaccruals	765	733
Current	41,364	42,315
Total Gross Loans	42,129	43,048
Farmland
Accounts, Notes, Loans and Financing Receivable [Line Items]
Current	1,030	1,128
Total Gross Loans	1,030	1,128
Commercial Mortgages (Non-Owner Occupied)
Accounts, Notes, Loans and Financing Receivable [Line Items]
30-89 Days Past Due	264
Total Past Due and Nonaccruals	264
Current	28,822	20,534
Total Gross Loans	29,086	20,534
Commercial Mortgages (Owner Occupied)
Accounts, Notes, Loans and Financing Receivable [Line Items]
30-89 Days Past Due	133
Nonaccruals	2,350	566
Total Past Due and Nonaccruals	2,483	566
Current	41,473	32,760
Total Gross Loans	43,956	33,326
Residential First Mortgages
Accounts, Notes, Loans and Financing Receivable [Line Items]
30-89 Days Past Due	1,304	1,270
Nonaccruals	2,841	359
Total Past Due and Nonaccruals	4,145	1,629
Current	160,260	133,638
Total Gross Loans	164,405	135,267
Residential Revolving and Junior Mortgages
Accounts, Notes, Loans and Financing Receivable [Line Items]
30-89 Days Past Due	70	6
Nonaccruals	277	31
Total Past Due and Nonaccruals	347	37
Current	26,150	25,363
Total Gross Loans	26,497	25,400
Commercial and Industrial
Accounts, Notes, Loans and Financing Receivable [Line Items]
30-89 Days Past Due	10	96
Nonaccruals	285	228
Total Past Due and Nonaccruals	295	324
Current	34,809	33,678
Total Gross Loans	35,104	34,002
Consumer and Other Loans
Accounts, Notes, Loans and Financing Receivable [Line Items]
30-89 Days Past Due	32	66
90 Days or More Past Due and Still Accruing	11	14
Nonaccruals	8	101
Total Past Due and Nonaccruals	51	181
Current	4,964	5,168
Total Gross Loans	$ 5,015	$ 5,349

Allowance for Loan Losses - All

Allowance for Loan Losses - Allowance for Loan Losses by Portfolio Segment (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014
ALLOWANCE FOR LOAN LOSSES:
Beginning Balance	$ 3,205	$ 2,925
(Charge-offs)	(658)	(392)
Recoveries	79	61
Provision	1,597	611
Ending Balance	4,223	3,205
Individually evaluated for impairment	1,534	676
Collectively evaluated for impairment	2,689	2,529
Mortgage Loans on Real Estate
ALLOWANCE FOR LOAN LOSSES:
Beginning Balance	2,778	2,465
(Charge-offs)	(521)	(313)
Recoveries	27	36
Provision	1,218	590
Ending Balance	3,502	2,778
Individually evaluated for impairment	1,256	665
Collectively evaluated for impairment	2,246	2,113
Commercial and Industrial
ALLOWANCE FOR LOAN LOSSES:
Beginning Balance	323	256
(Charge-offs)	(9)
Provision	285	67
Ending Balance	599	323
Individually evaluated for impairment	278
Collectively evaluated for impairment	321	323
Consumer and Other Loans
ALLOWANCE FOR LOAN LOSSES:
Beginning Balance	104	204
(Charge-offs)	(128)	(79)
Recoveries	52	25
Provision	94	(46)
Ending Balance	122	104
Individually evaluated for impairment		11
Collectively evaluated for impairment	$ 122	$ 93

Allowance for Loan Losses - Loa

Allowance for Loan Losses - Loan Receivables Evaluated for Impairment Individually and Collectively by Segment (Detail) - USD ($) $ in Thousands	Dec. 31, 2015	Dec. 31, 2014
Accounts, Notes, Loans and Financing Receivable [Line Items]
Individually evaluated for impairment	$ 10,826	$ 6,858
Collectively evaluated for impairment	336,396	291,196
Total Gross Loans	347,222	298,054
Mortgage Loans on Real Estate
Accounts, Notes, Loans and Financing Receivable [Line Items]
Individually evaluated for impairment	10,542	6,842
Collectively evaluated for impairment	296,561	251,861
Total Gross Loans	307,103	258,703
Commercial and Industrial
Accounts, Notes, Loans and Financing Receivable [Line Items]
Individually evaluated for impairment	284
Collectively evaluated for impairment	34,820	34,002
Total Gross Loans	35,104	34,002
Consumer and Other Loans
Accounts, Notes, Loans and Financing Receivable [Line Items]
Individually evaluated for impairment		16
Collectively evaluated for impairment	5,015	5,333
Total Gross Loans	$ 5,015	$ 5,349

Allowance for Loan Losses - Int

Allowance for Loan Losses - Internal Risk Rating Grades (Detail) - USD ($) $ in Thousands	Dec. 31, 2015	Dec. 31, 2014
INTERNAL RISK RATING GRADES
Loan Receivables	$ 151,305	$ 132,038
Pass
INTERNAL RISK RATING GRADES
Loan Receivables	122,386	107,475
Watch
INTERNAL RISK RATING GRADES
Loan Receivables	20,071	16,341
Special Mention
INTERNAL RISK RATING GRADES
Loan Receivables	3,954	4,346
Substandard
INTERNAL RISK RATING GRADES
Loan Receivables	4,894	3,876
Construction, Land and Land Development
INTERNAL RISK RATING GRADES
Loan Receivables	42,129	43,048
Construction, Land and Land Development | Pass
INTERNAL RISK RATING GRADES
Loan Receivables	34,692	34,913
Construction, Land and Land Development | Watch
INTERNAL RISK RATING GRADES
Loan Receivables	5,337	5,649
Construction, Land and Land Development | Special Mention
INTERNAL RISK RATING GRADES
Loan Receivables	1,119	1,403
Construction, Land and Land Development | Substandard
INTERNAL RISK RATING GRADES
Loan Receivables	981	1,083
Farmland
INTERNAL RISK RATING GRADES
Loan Receivables	1,030	1,128
Farmland | Pass
INTERNAL RISK RATING GRADES
Loan Receivables	1,030	1,128
Commercial Mortgages (Non-Owner Occupied)
INTERNAL RISK RATING GRADES
Loan Receivables	29,086	20,534
Commercial Mortgages (Non-Owner Occupied) | Pass
INTERNAL RISK RATING GRADES
Loan Receivables	24,258	16,426
Commercial Mortgages (Non-Owner Occupied) | Watch
INTERNAL RISK RATING GRADES
Loan Receivables	4,564	3,770
Commercial Mortgages (Non-Owner Occupied) | Substandard
INTERNAL RISK RATING GRADES
Loan Receivables	264	338
Commercial Mortgages (Owner Occupied)
INTERNAL RISK RATING GRADES
Loan Receivables	43,956	33,326
Commercial Mortgages (Owner Occupied) | Pass
INTERNAL RISK RATING GRADES
Loan Receivables	33,023	23,967
Commercial Mortgages (Owner Occupied) | Watch
INTERNAL RISK RATING GRADES
Loan Receivables	4,968	4,430
Commercial Mortgages (Owner Occupied) | Special Mention
INTERNAL RISK RATING GRADES
Loan Receivables	2,687	2,789
Commercial Mortgages (Owner Occupied) | Substandard
INTERNAL RISK RATING GRADES
Loan Receivables	3,278	2,140
Commercial and Industrial
INTERNAL RISK RATING GRADES
Loan Receivables	35,104	34,002
Commercial and Industrial | Pass
INTERNAL RISK RATING GRADES
Loan Receivables	29,383	31,041
Commercial and Industrial | Watch
INTERNAL RISK RATING GRADES
Loan Receivables	5,202	2,492
Commercial and Industrial | Special Mention
INTERNAL RISK RATING GRADES
Loan Receivables	148	154
Commercial and Industrial | Substandard
INTERNAL RISK RATING GRADES
Loan Receivables	$ 371	$ 315

Allowance for Loan Losses - Add

Allowance for Loan Losses - Additional Information (Detail) $ in Thousands	12 Months Ended
	Dec. 31, 2015USD ($)Contract	Dec. 31, 2014USD ($)LoanContract
Accounts, Notes, Loans and Financing Receivable [Line Items]
Period of nonperforming loans	90 days
Non-accruing loans excluded from impaired loan	$ 95	$ 663
Non-accruing loans accrued interest	$ 5	$ 32
Subsequently defaulted number of loans | Loan		3
Number of trouble debt restructurings | Contract	16	14
Aggregate balance of trouble debt restructuring	$ 3,500	$ 2,500
Charge off of loan default		$ 75

Allowance for Loan Losses - Per

Allowance for Loan Losses - Performing and Non Performing Loans (Detail) - USD ($) $ in Thousands	Dec. 31, 2015		Dec. 31, 2014
Performing and non performing loans
Loan receivables	$ 195,917		$ 166,016
Performing
Performing and non performing loans
Loan receivables	192,780		165,511
Nonperforming
Performing and non performing loans
Loan receivables	3,137		505
Residential First Mortgages
Performing and non performing loans
Loan receivables	164,405	[1]	135,267	[2]
Residential First Mortgages | Performing
Performing and non performing loans
Loan receivables	161,564	[1]	134,908	[2]
Residential First Mortgages | Nonperforming
Performing and non performing loans
Loan receivables	2,841	[1]	359	[2]
Residential Revolving and Junior Mortgages
Performing and non performing loans
Loan receivables	26,497	[3]	25,400	[4]
Residential Revolving and Junior Mortgages | Performing
Performing and non performing loans
Loan receivables	26,220	[3]	25,369	[4]
Residential Revolving and Junior Mortgages | Nonperforming
Performing and non performing loans
Loan receivables	277	[3]	31	[4]
Consumer and Other Loans
Performing and non performing loans
Loan receivables	5,015	[5]	5,349	[6]
Consumer and Other Loans | Performing
Performing and non performing loans
Loan receivables	4,996	[5]	5,234	[6]
Consumer and Other Loans | Nonperforming
Performing and non performing loans
Loan receivables	$ 19	[5]	$ 115	[6]
[1]	Residential First Mortgages which have been assigned a risk rating grade of Substandard totaled $3.9 million as of December 31, 2015.
[2]	Residential First Mortgages which have been assigned a risk rating grade of Substandard totaled $2.1 million as of December 31, 2014.
[3]	Residential Revolving and Junior Mortgages which have been assigned a risk rating grade of Substandard totaled $372 thousand as of December 31, 2015.
[4]	Residential Revolving and Junior Mortgages which have been assigned a risk rating grade of Substandard totaled $219 thousand as of December 31, 2014.
[5]	No Consumer Loans have been assigned a risk rating grade of Substandard as of December 31, 2015.
[6]	Consumer Loans which have been assigned a risk rating grade of Substandard totaled $1 thousand as of December 31, 2014.

Allowance for Loan Losses - P68

Allowance for Loan Losses - Performing and Non Performing Loans (Parenthetical) (Detail) - USD ($) $ in Thousands	Dec. 31, 2015		Dec. 31, 2014
Accounts, Notes, Loans and Financing Receivable [Line Items]
Risk rating grade totaled	$ 195,917		$ 166,016
Residential First Mortgages
Accounts, Notes, Loans and Financing Receivable [Line Items]
Risk rating grade totaled	164,405	[1]	135,267	[2]
Residential Revolving and Junior Mortgages
Accounts, Notes, Loans and Financing Receivable [Line Items]
Risk rating grade totaled	26,497	[3]	25,400	[4]
Consumer and Other Loans
Accounts, Notes, Loans and Financing Receivable [Line Items]
Risk rating grade totaled	5,015	[5]	5,349	[6]
Substandard | Residential First Mortgages
Accounts, Notes, Loans and Financing Receivable [Line Items]
Risk rating grade totaled	3,900		2,100
Substandard | Residential Revolving and Junior Mortgages
Accounts, Notes, Loans and Financing Receivable [Line Items]
Risk rating grade totaled	372		219
Substandard | Consumer and Other Loans
Accounts, Notes, Loans and Financing Receivable [Line Items]
Risk rating grade totaled	$ 0		$ 1
[1]	Residential First Mortgages which have been assigned a risk rating grade of Substandard totaled $3.9 million as of December 31, 2015.
[2]	Residential First Mortgages which have been assigned a risk rating grade of Substandard totaled $2.1 million as of December 31, 2014.
[3]	Residential Revolving and Junior Mortgages which have been assigned a risk rating grade of Substandard totaled $372 thousand as of December 31, 2015.
[4]	Residential Revolving and Junior Mortgages which have been assigned a risk rating grade of Substandard totaled $219 thousand as of December 31, 2014.
[5]	No Consumer Loans have been assigned a risk rating grade of Substandard as of December 31, 2015.
[6]	Consumer Loans which have been assigned a risk rating grade of Substandard totaled $1 thousand as of December 31, 2014.

Allowance for Loan Losses - Com

Allowance for Loan Losses - Company's Recorded Investment and Customers' Unpaid Principal Balances for Impaired Loans, with Associated Allowance Amount (Detail) - USD ($) $ in Thousands		12 Months Ended
		Dec. 31, 2015	Dec. 31, 2014
Accounts, Notes, Loans and Financing Receivable [Line Items]
With no related allowance, Recorded Investment		$ 5,424	$ 4,224
With no related allowance, Customers' Unpaid Principal Balance		5,504	4,271
With an allowance recorded, Recorded Investment		5,402	2,634
With an allowance recorded, Customers' Unpaid Principal Balance		5,689	2,649
With an allowance recorded, Related Allowance		1,534	676
Total Impaired Loans, Recorded Investment		10,826	6,858
Total Impaired Loans, Customers' Unpaid Principal Balance		11,193	6,920
Total Impaired Loans, Related Allowance		1,534	676
With no related allowance, Average Recorded Investment		3,975	3,790
With no related allowance, Interest Income Recognized		123	147
With an allowance recorded, Average Recorded Investment		3,847	2,550
With an allowance recorded, Interest Income Recognized		147	115
Total, Average Recorded Investment		7,822	6,340
Total, Interest Income Recognized		270	262
Construction, Land and Land Development
Accounts, Notes, Loans and Financing Receivable [Line Items]
With no related allowance, Recorded Investment		445	450
With no related allowance, Customers' Unpaid Principal Balance		451	452
With an allowance recorded, Recorded Investment		262	277
With an allowance recorded, Customers' Unpaid Principal Balance		290	292
With an allowance recorded, Related Allowance		120	144
Total Impaired Loans, Recorded Investment		707	727
Total Impaired Loans, Customers' Unpaid Principal Balance		741	744
Total Impaired Loans, Related Allowance		120	144
With no related allowance, Average Recorded Investment		448	451
With no related allowance, Interest Income Recognized			3
With an allowance recorded, Average Recorded Investment		270	168
With an allowance recorded, Interest Income Recognized		5	4
Total, Average Recorded Investment		718	619
Total, Interest Income Recognized		5	7
Residential First Mortgages
Accounts, Notes, Loans and Financing Receivable [Line Items]
With no related allowance, Recorded Investment		3,130	1,568
With no related allowance, Customers' Unpaid Principal Balance		3,166	1,584
With an allowance recorded, Recorded Investment		2,507	2,173
With an allowance recorded, Customers' Unpaid Principal Balance		2,507	2,173
With an allowance recorded, Related Allowance		308	437
Total Impaired Loans, Recorded Investment		5,637	3,741
Total Impaired Loans, Customers' Unpaid Principal Balance		5,673	3,757
Total Impaired Loans, Related Allowance		308	437
With no related allowance, Average Recorded Investment		2,077	1,148
With no related allowance, Interest Income Recognized		74	49
With an allowance recorded, Average Recorded Investment		1,900	2,184
With an allowance recorded, Interest Income Recognized		90	100
Total, Average Recorded Investment		3,977	3,332
Total, Interest Income Recognized		164	149
Residential Revolving and Junior Mortgages
Accounts, Notes, Loans and Financing Receivable [Line Items]
With no related allowance, Recorded Investment	[1]	233	50
With no related allowance, Customers' Unpaid Principal Balance	[1]	233	50
With an allowance recorded, Recorded Investment	[1]	258	173
With an allowance recorded, Customers' Unpaid Principal Balance	[1]	259	173
With an allowance recorded, Related Allowance	[1]	150	84
Total Impaired Loans, Recorded Investment	[1]	491	223
Total Impaired Loans, Customers' Unpaid Principal Balance	[1]	492	223
Total Impaired Loans, Related Allowance	[1]	150	84
With no related allowance, Average Recorded Investment	[1]	87	10
With no related allowance, Interest Income Recognized	[1]	5
With an allowance recorded, Average Recorded Investment	[1]	204	174
With an allowance recorded, Interest Income Recognized	[1]	11	9
Total, Average Recorded Investment	[1]	291	184
Total, Interest Income Recognized	[1]	16	9
Commercial Mortgages (Non-Owner Occupied)
Accounts, Notes, Loans and Financing Receivable [Line Items]
With no related allowance, Recorded Investment		264	264
With no related allowance, Customers' Unpaid Principal Balance		264	264
Total Impaired Loans, Recorded Investment		264	264
Total Impaired Loans, Customers' Unpaid Principal Balance		264	264
With no related allowance, Average Recorded Investment		264	264
With no related allowance, Interest Income Recognized		16	16
Total, Average Recorded Investment		264	264
Total, Interest Income Recognized		16	16
Commercial Mortgages (Owner Occupied)
Accounts, Notes, Loans and Financing Receivable [Line Items]
With no related allowance, Recorded Investment		1,352	1,887
With no related allowance, Customers' Unpaid Principal Balance		1,390	1,916
With an allowance recorded, Recorded Investment		2,091
With an allowance recorded, Customers' Unpaid Principal Balance		2,348
With an allowance recorded, Related Allowance		678
Total Impaired Loans, Recorded Investment		3,443	1,887
Total Impaired Loans, Customers' Unpaid Principal Balance		3,738	1,916
Total Impaired Loans, Related Allowance		678
With no related allowance, Average Recorded Investment		1,099	1,911
With no related allowance, Interest Income Recognized		28	79
With an allowance recorded, Average Recorded Investment		1,343
With an allowance recorded, Interest Income Recognized		39
Total, Average Recorded Investment		2,442	1,911
Total, Interest Income Recognized		67	79
Commercial and Industrial
Accounts, Notes, Loans and Financing Receivable [Line Items]
With an allowance recorded, Recorded Investment		284
With an allowance recorded, Customers' Unpaid Principal Balance		285
With an allowance recorded, Related Allowance		278
Total Impaired Loans, Recorded Investment		284
Total Impaired Loans, Customers' Unpaid Principal Balance		285
Total Impaired Loans, Related Allowance		278
With an allowance recorded, Average Recorded Investment		130
With an allowance recorded, Interest Income Recognized		2
Total, Average Recorded Investment		130
Total, Interest Income Recognized		$ 2
Consumer and Other Loans
Accounts, Notes, Loans and Financing Receivable [Line Items]
With no related allowance, Recorded Investment	[2]		5
With no related allowance, Customers' Unpaid Principal Balance	[2]		5
With an allowance recorded, Recorded Investment	[2]		11
With an allowance recorded, Customers' Unpaid Principal Balance	[2]		11
With an allowance recorded, Related Allowance	[2]		11
Total Impaired Loans, Recorded Investment	[2]		16
Total Impaired Loans, Customers' Unpaid Principal Balance	[2]		16
Total Impaired Loans, Related Allowance	[2]		11
With no related allowance, Average Recorded Investment	[2]		6
With an allowance recorded, Average Recorded Investment	[2]		24
With an allowance recorded, Interest Income Recognized	[2]		2
Total, Average Recorded Investment	[2]		30
Total, Interest Income Recognized	[2]		$ 2
[1]	Junior mortgages include equity lines.
[2]	Includes credit cards.

Allowance for Loan Losses - Sum

Allowance for Loan Losses - Summary of Troubled Debt Restructurings (Detail) $ in Thousands		12 Months Ended
		Dec. 31, 2015USD ($)Loan	Dec. 31, 2014USD ($)Loan
Accounts, Notes, Loans and Financing Receivable [Line Items]
Subsequently defaulted number of loans | Loan			3
Construction, Land and Land Development
Accounts, Notes, Loans and Financing Receivable [Line Items]
Number of Loans | Loan	[1]		2
Pre-Modification Outstanding Recorded Investment	[1]		$ 282
Post-Modification Outstanding Recorded Investment	[1]		$ 277
Residential Revolving and Junior Mortgages
Accounts, Notes, Loans and Financing Receivable [Line Items]
Number of Loans | Loan	[1]		1
Pre-Modification Outstanding Recorded Investment	[1]		$ 50
Post-Modification Outstanding Recorded Investment	[1]		$ 50
Subsequently defaulted number of loans | Loan			1
Subsequently defaulted recorded investment			$ 75
Commercial Mortgages (Owner Occupied)
Accounts, Notes, Loans and Financing Receivable [Line Items]
Number of Loans | Loan	[2]	1
Pre-Modification Outstanding Recorded Investment	[2]	$ 105
Post-Modification Outstanding Recorded Investment	[2]	$ 124
Subsequently defaulted number of loans | Loan		1	2
Subsequently defaulted recorded investment		$ 124	$ 255
Residential First Mortgages
Accounts, Notes, Loans and Financing Receivable [Line Items]
Number of Loans | Loan	[1]	2
Pre-Modification Outstanding Recorded Investment	[1]	$ 988
Post-Modification Outstanding Recorded Investment	[1]	$ 986
[1]	Modifications were an extention of the loan terms.
[2]	Modifications were capitalization of the interest.

Other Real Estate Owned Net - N

Other Real Estate Owned Net - Net of Valuation Allowances for Losses on Foreclosed Assets (Detail) (Detail) - Valuation Allowance, Other Real Estate Owned - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014
Real Estate Owned And Other Repossessed Assets [Line Items]
Balance, beginning of year	$ 626	$ 538
Provision for losses	288	235
Charge-offs	(293)	(147)
Balance, end of period	$ 621	$ 626

Other Real Estate Owned Net - C

Other Real Estate Owned Net - Components of Expenses Applicable to Foreclosed Assets (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014
Real Estate Acquired Through Foreclosure Or Similar Procedures [Line Items]
Net loss on sales of real estate	$ 107	$ 92
Provision for losses	288	235
Operating expenses, net of income	68	131
Total expenses	$ 463	$ 458

Other Real Estate Owned, Net -

Other Real Estate Owned, Net - Additional Information (Detail) $ in Thousands	12 Months Ended
	Dec. 31, 2015USD ($)Property	Apr. 30, 2015USD ($)	Dec. 31, 2014USD ($)Property
Other Real Estate [Line Items]
No. of Properties	16		27
Other assets
Other Real Estate [Line Items]
Properties marketed for sale, value | $		$ 403
No. of Properties	1
Residential
Other Real Estate [Line Items]
Residential properties collateralized with loan	0
No. of Properties	3		10
Residential | Other assets
Other Real Estate [Line Items]
Properties marketed for sale, value | $	$ 724		$ 771

Other Real Estate Owned Net - S

Other Real Estate Owned Net - Summary of Properties Included in Other Real Estate Owned (OREO) (Detail) $ in Thousands	Dec. 31, 2015USD ($)Property	Dec. 31, 2014USD ($)Property
Real Estate Properties [Line Items]
No. of Properties | Property	16	27
Carrying Value | $	$ 1,870	$ 2,791
Residential
Real Estate Properties [Line Items]
No. of Properties | Property	3	10
Carrying Value | $	$ 540	$ 1,559
Land lots
Real Estate Properties [Line Items]
No. of Properties | Property	7	13
Carrying Value | $	$ 413	$ 587
Convenience Stores
Real Estate Properties [Line Items]
No. of Properties | Property	2	2
Carrying Value | $	$ 191	$ 234
Restaurant
Real Estate Properties [Line Items]
No. of Properties | Property	1	1
Carrying Value | $	$ 55	$ 107
Commercial properties
Real Estate Properties [Line Items]
No. of Properties | Property	3	1
Carrying Value | $	$ 671	$ 304

Premises and Equipment Net - Co

Premises and Equipment Net - Components of Premises and Equipment Included in Balance Sheets (Detail) - USD ($) $ in Thousands	Dec. 31, 2015	Dec. 31, 2014
Property, Plant and Equipment [Line Items]
Premises and equipment	$ 24,651	$ 24,739
Less accumulated depreciation	(13,005)	(12,857)
Premises and equipment, net	11,646	11,882
Land and Improvements
Property, Plant and Equipment [Line Items]
Premises and equipment	2,350	2,004
Buildings and Improvements
Property, Plant and Equipment [Line Items]
Premises and equipment	12,232	13,032
Furniture and Equipment
Property, Plant and Equipment [Line Items]
Premises and equipment	$ 10,069	$ 9,703

Premises and Equipment Net - Ad

Premises and Equipment Net - Additional Information (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014
Property, Plant and Equipment [Line Items]
Depreciation expense	$ 998	$ 792

Deposits - Additional Informati

Deposits - Additional Information (Detail) - USD ($) $ in Thousands	Dec. 31, 2015	Dec. 31, 2014
Cash And Short Term Investments [Line Items]
Aggregate amount of time deposits in denominations of $250000 or more	$ 20,300	$ 16,500
Overdraft demand deposits reclassified to loans	56	85
Wholesale deposits	$ 15,500	$ 8,000

Deposits - Schedule of Time Dep

Deposits - Schedule of Time Deposits Maturities (Detail) - USD ($) $ in Thousands	Dec. 31, 2015	Dec. 31, 2014
Investments [Line Items]
2,016	$ 56,692
2,017	12,717
2,018	36,506
2,019	4,397
2,020	17,076
Thereafter	0
Time deposits	$ 127,388	$ 121,775

Employee Benefit Plans - Additi

Employee Benefit Plans - Additional Information (Detail)	1 Months Ended	12 Months Ended
	Nov. 30, 2015USD ($)Employee	Dec. 31, 2015USD ($)Age	Dec. 31, 2014USD ($)	Dec. 31, 2013
Defined Contribution Plan Disclosure [Line Items]
Conditional age-1 for availing plan | Age		55
Conditional age-2 for availing plan | Age		65
Conditional years of service -1 for availing plan		10 years
Conditional years of service-2 for availing plan		5 years
Discount rate assumption			4.00%	5.00%
Fixed Income Funds
Defined Contribution Plan Disclosure [Line Items]
Targeted asset allocation percentage		40.00%
Equity Funds
Defined Contribution Plan Disclosure [Line Items]
Targeted asset allocation percentage		60.00%
Four Zero One Retirement Plan
Defined Contribution Plan Disclosure [Line Items]
Employer contributions		$ 176,000	$ 110,000
Conditional period of service for availing plan		6 months
Four Zero One Retirement Plan | First 3% of Each Participant's Contributions
Defined Contribution Plan Disclosure [Line Items]
Matching contribution to defined contribution plan		100.00%
Percentage of employee's contributions		3.00%
Four Zero One Retirement Plan | Second 3% of Each Participant's Contributions
Defined Contribution Plan Disclosure [Line Items]
Matching contribution to defined contribution plan		50.00%
Percentage of employee's contributions		3.00%
Pension Plan, Defined Benefit
Defined Contribution Plan Disclosure [Line Items]
Net loss		$ (22,000)	$ (755,000)
Discount rate assumption		4.25%	4.00%
Accumulated benefit obligation		$ 3,500,000	$ 3,500,000
Expected employer contribution		0
Other Postretirement Benefit Plan, Defined Benefit
Defined Contribution Plan Disclosure [Line Items]
Net loss		$ 147,000	$ (130,000)
Discount rate assumption		4.25%	4.00%
Expected employer contribution		$ 18,000
Assumed annual rate of increase in per capita health care costs in 2016		8.00%
Assumed annual rate of increase in per capita health care costs in 2017		8.00%
Assumed annual rate of increase in per capita health care costs in 2018		6.00%
Assumed annual rate of increase in per capita health care costs in 2019		6.00%
Assumed annual rate of increase in per capita health care costs,2020 and thereafter		5.00%
Aggregate of the service and interest cost components at assumed health care cost trend rates increased by 1 percentage		$ 36
Aggregate of the service and interest cost components at assumed health care cost trend rates decreased by 1 percentage		33
Employer contributions		$ 9,000	$ 11,000
Other Pension Plan
Defined Contribution Plan Disclosure [Line Items]
Age of early retirement	55 years
Minimum employee service period	10 years
Number of employees participate | Employee	5
Total cost of voluntary early retirement plan	$ 134,000

Employee Benefit Plans - Change

Employee Benefit Plans - Change in Benefit Obligation (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014
Pension Plan, Defined Benefit
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Benefit obligation, beginning of year	$ 3,546	$ 2,737
Interest cost	131	142
Actuarial loss (gain)	(104)	721
Benefit payments	(85)	(54)
Settlement gain	0	0
Benefit obligation, end of year	3,488	3,546
Other Postretirement Benefit Plan, Defined Benefit
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Benefit obligation, beginning of year	771	607
Service cost	23	15
Interest cost	30	30
Actuarial loss (gain)	(147)	130
Benefit payments	(9)	(11)
Settlement gain	0	0
Benefit obligation, end of year	$ 668	$ 771

Employee Benefit Plans - Chan81

Employee Benefit Plans - Change in Plan Assets (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Fair value of plan assets, beginning of year	$ 2,897
Fair value of plan assets, end of year	2,806	$ 2,897
Pension Plan, Defined Benefit
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Fair value of plan assets, beginning of year	2,897	2,820
Actual return on plan assets	(6)	131
Benefits payments	(85)	(54)
Fair value of plan assets, end of year	2,806	2,897
Other Postretirement Benefit Plan, Defined Benefit
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Employer contributions	9	11
Benefits payments	$ (9)	$ (11)

Employee Benefit Plans - Define

Employee Benefit Plans - Defined Benefit Plan (Detail) - USD ($) $ in Thousands	Dec. 31, 2015	Dec. 31, 2014
Pension Plan, Defined Benefit
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Funded status at the end of the year	$ (682)	$ (649)
Other Postretirement Benefit Plan, Defined Benefit
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Funded status at the end of the year	$ (668)	$ (771)

Employee Benefit Plans - Amount

Employee Benefit Plans - Amounts Recognized in Accumulated Other Comprehensive Loss (Income) (Detail) - USD ($) $ in Thousands	Dec. 31, 2015	Dec. 31, 2014
Pension Plan, Defined Benefit
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Net loss (gain)	$ 1,402	$ 1,380
Prior service cost	0	0
Net obligation at transition	0	0
Amount recognized	1,402	1,380
Other Postretirement Benefit Plan, Defined Benefit
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Net loss (gain)	(65)	83
Prior service cost	0	0
Net obligation at transition	0	0
Amount recognized	$ (65)	$ 83

Employee Benefit Plans - Compon

Employee Benefit Plans - Components of Net Periodic Benefit Cost (Gain) (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014
Pension Plan, Defined Benefit
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Interest cost	$ 131	$ 142
Expected (return) on plan assets	(196)	(202)
Amortization of prior service cost	0	0
Amortization of net obligation at transition	0	0
Recognized net loss due to settlement	0	0
Recognized net actuarial loss	76	37
Net periodic benefit (gain) cost	11	(23)
Other Postretirement Benefit Plan, Defined Benefit
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Service cost	23	15
Interest cost	30	30
Amortization of prior service cost	0	0
Amortization of net obligation at transition	0	0
Recognized net loss due to settlement	0	0
Net periodic benefit (gain) cost	$ 53	$ 45

Employee Benefit Plans - Other

Employee Benefit Plans - Other Changes in Plan Assets and Benefit Obligations Recognized in Accumulated Other Comprehensive (Income) Loss (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014
Pension Plan, Defined Benefit
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Net loss (gain)	$ 22	$ 755
Amortization of prior service cost	0	0
Amortization of net obligation at transition	0	0
Total recognized in other comprehensive loss/(income)	22	755
Total recognized in net periodic benefit cost and other comprehensive loss/(income)	33	732
Other Postretirement Benefit Plan, Defined Benefit
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Net loss (gain)	(147)	130
Amortization of prior service cost	0	0
Amortization of net obligation at transition	0	0
Total recognized in other comprehensive loss/(income)	(147)	130
Total recognized in net periodic benefit cost and other comprehensive loss/(income)	$ (94)	$ 175

Employee Benefit Plans - Weight

Employee Benefit Plans - Weighted-average Assumptions (Detail)	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Discount Rate used for Disclosure		4.00%	5.00%
Pension Plan, Defined Benefit
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Discount rate used for Net Periodic Pension Cost	4.00%	5.00%
Discount Rate used for Disclosure	4.25%	4.00%
Expected return on plan assets	7.50%	7.50%
Rate of compensation increase	0.00%	0.00%
Rate of compensation increase for net periodic pension cost	0.00%	0.00%
Expected future interest crediting rate	3.00%	3.00%
Other Postretirement Benefit Plan, Defined Benefit
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Discount rate used for Net Periodic Pension Cost	4.00%	5.00%
Discount Rate used for Disclosure	4.25%	4.00%
Rate of compensation increase	0.00%	0.00%
Rate of compensation increase for net periodic pension cost	0.00%	0.00%

Employee Benefit Plans - Estima

Employee Benefit Plans - Estimated Future Benefit Payments for Pension and Postretirement Plans (Detail) $ in Thousands	Dec. 31, 2015USD ($)
Pension Plan, Defined Benefit
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
2,016	$ 509
2,017	209
2,018	38
2,019	362
2,020	410
2021 and thereafter	1,381
Other Postretirement Benefit Plan, Defined Benefit
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
2,016	18
2,017	20
2,018	22
2,019	24
2,020	27
2021 and thereafter	$ 170

Employee Benefit Plans - Fair V

Employee Benefit Plans - Fair Value of Pension Plan Assets by Asset Category (Detail) - USD ($) $ in Thousands	Dec. 31, 2015	Dec. 31, 2014
Defined Benefit Plan Disclosure [Line Items]
Cash and cash equivalents	$ 2,806	$ 2,897
Cash and Cash Equivalents
Defined Benefit Plan Disclosure [Line Items]
Cash and cash equivalents	3	4
Fixed Income Funds
Defined Benefit Plan Disclosure [Line Items]
Cash and cash equivalents	1,119	1,139
Equity Funds
Defined Benefit Plan Disclosure [Line Items]
Cash and cash equivalents	1,684	1,754
Fair Value, Inputs, Level 1
Defined Benefit Plan Disclosure [Line Items]
Cash and cash equivalents	2,806	2,897
Fair Value, Inputs, Level 1 | Cash and Cash Equivalents
Defined Benefit Plan Disclosure [Line Items]
Cash and cash equivalents	3	4
Fair Value, Inputs, Level 1 | Fixed Income Funds
Defined Benefit Plan Disclosure [Line Items]
Cash and cash equivalents	1,119	1,139
Fair Value, Inputs, Level 1 | Equity Funds
Defined Benefit Plan Disclosure [Line Items]
Cash and cash equivalents	$ 1,684	$ 1,754

Financial Instruments With Of89

Financial Instruments With Off-Balance Sheet Risk - Additional Information (Detail) - USD ($) $ in Thousands	Dec. 31, 2015	Dec. 31, 2014
Loan Purchase Commitments
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Outstanding loan commitment under financial instrument off balance sheet risk	$ 42,700	$ 36,400
Unused lines of Credit
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Outstanding loan commitment under financial instrument off balance sheet risk	$ 473	$ 355

Restrictions on Cash Due From B

Restrictions on Cash Due From Banks - Additional Information (Detail) - USD ($) $ in Thousands	Dec. 31, 2015	Dec. 31, 2014
Restricted Cash and Cash Equivalents Items [Line Items]
Federal Reserve	$ 25	$ 25

Other Borrowings - Additional I

Other Borrowings - Additional Information (Detail) - USD ($) $ in Thousands	Dec. 31, 2015	Dec. 31, 2014
Short-term Debt [Line Items]
Securities sold under repurchase agreements	$ 7,161	$ 6,012
Securities sold under agreements to repurchase, average rates	0.15%	0.12%
Unused lines of Credit
Short-term Debt [Line Items]
Unused lines of credit	$ 21,500	$ 20,300

Debt - Additional Information (

Debt - Additional Information (Detail)	Oct. 20, 2015USD ($)	May. 28, 2015USD ($)	Jun. 30, 2015USD ($)	Dec. 31, 2015USD ($)Loan	May. 31, 2015USD ($)	Dec. 31, 2014USD ($)Loan
Debt Instrument [Line Items]
Federal Home Loan Bank advances				$ 40,000,000		$ 35,000,000
Number of FHLB debt advances | Loan				7		6
Repayment on Federal Home Loan Bank advances			$ 5,000,000
Immediate available credit				$ 40,500,000
Total line of credit				$ 84,500,000
Weighted average interest rate				1.17%		0.96%
Federal Home Loan Bank Advances Two
Debt Instrument [Line Items]
Federal Home Loan Bank advances					$ 5,000,000
Advances, Variable rate description				LIBOR-based floating rate
Federal Home Loan Bank Advances Three
Debt Instrument [Line Items]
Federal Home Loan Bank advances				$ 5,000,000
Advances, Variable rate description				Fixed rate advance
Federal Home Loan Bank Advances Four
Debt Instrument [Line Items]
Federal Home Loan Bank advances			$ 5,000,000	$ 5,000,000
Advances, Variable rate description				LIBOR-based floating rate advance
Federal Home Loan Bank Advances Five
Debt Instrument [Line Items]
Federal Home Loan Bank advances	$ 5,000,000
Debt instrument, maturity date	Oct. 20, 2016
Current Interest Rate	0.52%
Federal Home Loan Bank Advances Six
Debt Instrument [Line Items]
Federal Home Loan Bank advances				$ 5,000,000
Federal Home Loan Bank Advances Seven
Debt Instrument [Line Items]
Federal Home Loan Bank advances				$ 5,000,000
Subordinated Debt Due May 2025
Debt Instrument [Line Items]
Debt instrument, maturity date		May 28, 2025
Current Interest Rate		6.50%		6.50%
Debt instrument, face amount		$ 7,000,000		$ 7,000,000
Debt instrument, frequency of payment		1st of March and September of each year, commencing September 1, 2015

Debt - Advances of Debt (Detail

Debt - Advances of Debt (Detail) - USD ($)	Oct. 20, 2015	Dec. 31, 2015	Jun. 30, 2015	May. 31, 2015	Dec. 31, 2014
Debt Instrument [Line Items]
Federal Home Loan Bank advances		$ 40,000,000			$ 35,000,000
Federal Home Loan Bank Advances Two
Debt Instrument [Line Items]
Federal Home Loan Bank advances				$ 5,000,000
Federal Home Loan Bank Advances Three
Debt Instrument [Line Items]
Federal Home Loan Bank advances		5,000,000
Federal Home Loan Bank Advances Four
Debt Instrument [Line Items]
Federal Home Loan Bank advances		5,000,000	$ 5,000,000
Federal Home Loan Bank Advances Five
Debt Instrument [Line Items]
Federal Home Loan Bank advances	$ 5,000,000
Current Interest Rate	0.52%
Maturity Date	Oct. 20, 2016
Federal Home Loan Bank Advances Six
Debt Instrument [Line Items]
Federal Home Loan Bank advances		5,000,000
Federal Home Loan Bank Advances Seven
Debt Instrument [Line Items]
Federal Home Loan Bank advances		5,000,000
Adjustable Rate Hybrid | Federal Home Loan Bank Advances One
Debt Instrument [Line Items]
Federal Home Loan Bank advances		$ 10,000,000
Originated		Apr. 12, 2013
Current Interest Rate		2.7006%
Maturity Date		Apr. 13, 2020
Fixed Rate Credit | Federal Home Loan Bank Advances Two
Debt Instrument [Line Items]
Federal Home Loan Bank advances		$ 5,000,000
Originated		Oct. 20, 2014
Current Interest Rate		0.47%
Maturity Date		Apr. 20, 2016
Fixed Rate Credit | Federal Home Loan Bank Advances Three
Debt Instrument [Line Items]
Federal Home Loan Bank advances		$ 5,000,000
Originated		May 20, 2015
Current Interest Rate		0.37%
Maturity Date		Feb. 22, 2016
Fixed Rate Credit | Federal Home Loan Bank Advances Five
Debt Instrument [Line Items]
Federal Home Loan Bank advances		$ 5,000,000
Originated		Oct. 20, 2015
Current Interest Rate		0.52%
Maturity Date		Oct. 20, 2016
Fixed Rate Credit | Federal Home Loan Bank Advances Six
Debt Instrument [Line Items]
Federal Home Loan Bank advances		$ 5,000,000
Originated		Dec. 21, 2015
Current Interest Rate		0.99%
Maturity Date		Jun. 15, 2017
Fixed Rate Credit | Federal Home Loan Bank Advances Seven
Debt Instrument [Line Items]
Federal Home Loan Bank advances		$ 5,000,000
Originated		Dec. 22, 2015
Current Interest Rate		1.08%
Maturity Date		Sep. 15, 2017
Adjustable Rate Credit | Federal Home Loan Bank Advances Four
Debt Instrument [Line Items]
Federal Home Loan Bank advances		$ 5,000,000
Originated		Jun. 18, 2015
Current Interest Rate		0.5525%
Maturity Date		Sep. 19, 2016

Subordinated Debt (Detail)

Subordinated Debt (Detail) - Subordinated Debt Due May 2025 - USD ($)	12 Months Ended
	Dec. 31, 2015	May. 28, 2015
Debt and Financial Instruments [Line Items]
Debt instrument, face amount	$ 7,000,000	$ 7,000,000
Less: Issuance costs	(156,000)
Proceeds from Debt, Net of Issuance Costs	$ 6,844,000

Subordinated Debt (Parenthetica

Subordinated Debt (Parenthetical) (Detail)	Dec. 31, 2015	May. 28, 2015
Subordinated Debt Due May 2025
Debt and Financial Instruments [Line Items]
Debt instrument, coupon percentage	6.50%	6.50%

Income Taxes - (Benefit) Expens

Income Taxes - (Benefit) Expense for Income Taxes (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014
Income Tax Expenses [Line Items]
Current	$ 303	$ 499
Deferred	(490)	58
Income Tax Expense (Benefit), Total	$ (187)	$ 557

Income Taxes - Summary of Reaso

Income Taxes - Summary of Reasons for Differences Between Statutory Federal Income Tax Rates and Effective Tax Rates (Detail)	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014
Reconciliation of Statutory Federal Tax Rate [Line Items]
Statutory rate	34.00%	34.00%
Increase (decrease) resulting from:
Tax exempt interest	(116.90%)	(8.30%)
Bank owned life insurance	(46.80%)	(3.10%)
Other, net	25.50%	0.70%
Effective Income Tax Rate, Total	(104.20%)	23.30%

Income Taxes - Components of Ne

Income Taxes - Components of Net Deferred Tax Assets and Liabilities (Detail) - USD ($) $ in Thousands	Dec. 31, 2015	Dec. 31, 2014
Deferred tax assets
Allowance for loan losses	$ 985	$ 661
Interest on non-accrual loans	89	47
Other real estate	419	397
Pension plan	233	222
Postretirement benefits	227	262
Deferred compensation	162	141
Stock-based compensation	31	25
Other	20	11
Total deferred tax assets	2,166	1,766
Deferred tax liabilities
Unrealized gains on available-for-sale securities	(55)	(23)
Depreciation	(171)	(218)
Amortization of goodwill	(955)	(928)
Net deferred loan fees and costs	(110)	(134)
Other	(64)	(67)
Total deferred tax (liabilities)	(1,355)	(1,370)
Net deferred tax assets	$ 811	$ 396

Regulatory Requirements and R99

Regulatory Requirements and Restrictions - Additional Information (Detail)	Jan. 01, 2019	Jan. 01, 2016	Jan. 01, 2015	Jul. 31, 2013
Compliance with Regulatory Capital Requirements under Banking Regulations [Line Items]
Tier 1 Capital (to Risk Weighted Assets), Minimum Capital Requirement Ratio			6.00%	4.00%
Total Risk Based Capital (to Risk Weighted Assets), Minimum Capital Requirement Ratio			8.00%
Leverage Ratio (Total Assets), Minimum Capital Requirement Ratio			4.00%
Initial Capital Requirement Phase-In Period			4 years
Common Stock
Compliance with Regulatory Capital Requirements under Banking Regulations [Line Items]
Tier 1 Capital (to Risk Weighted Assets), Minimum Capital Requirement Ratio			4.50%
Scenario, Forecast
Compliance with Regulatory Capital Requirements under Banking Regulations [Line Items]
Tier 1 Capital (to Risk Weighted Assets), Minimum Capital Requirement Ratio	8.50%
Total Risk Based Capital (to Risk Weighted Assets), Minimum Capital Requirement Ratio	10.50%
Leverage Ratio (Total Assets), Minimum Capital Requirement Ratio	4.00%
New Capital Conservation Buffer Requirement (to Risk Weighted Assets), Ratio	2.50%	0.625%
Scenario, Forecast | Common Stock
Compliance with Regulatory Capital Requirements under Banking Regulations [Line Items]
Tier 1 Capital (to Risk Weighted Assets), Minimum Capital Requirement Ratio	7.00%

Regulatory Requirements and 100

Regulatory Requirements and Restrictions - Schedule of Bank's Actual Capital Amounts and Ratios (Detail) - USD ($) $ in Thousands	Dec. 31, 2015	Jan. 01, 2015	Dec. 31, 2014	Jul. 31, 2013
Compliance with Regulatory Capital Requirements under Banking Regulations [Line Items]
Total Risk Based Capital (to Risk Weighted Assets), Minimum Capital Requirement Ratio		8.00%
Tier 1 Capital (to Risk Weighted Assets), Minimum Capital Requirement Ratio		6.00%		4.00%
Tier 1 Capital (to Average Assets), Minimum Capital Requirement Ratio		4.00%
Common Stock
Compliance with Regulatory Capital Requirements under Banking Regulations [Line Items]
Tier 1 Capital (to Risk Weighted Assets), Minimum Capital Requirement Ratio		4.50%
Consolidated Entities
Compliance with Regulatory Capital Requirements under Banking Regulations [Line Items]
Total Risk Based Capital (to Risk Weighted Assets), Actual Amount	$ 49,305		$ 41,445
Total Risk Based Capital (to Risk Weighted Assets), Actual Ratio	15.54%		15.02%
Total Risk Based Capital (to Risk Weighted Assets), Minimum Capital Requirement Amount	$ 25,380		$ 22,074
Total Risk Based Capital (to Risk Weighted Assets), Minimum Capital Requirement Ratio	8.00%		8.00%
Tier 1 Capital (to Risk Weighted Assets), Actual Amount	$ 38,492		$ 38,240
Tier 1 Capital (to Risk Weighted Assets), Actual Ratio	12.13%		13.86%
Tier 1 Capital (to Risk Weighted Assets), Minimum Capital Requirement Amount	$ 19,035		$ 11,037
Tier 1 Capital (to Risk Weighted Assets), Minimum Capital Requirement Ratio	6.00%		4.00%
Tier 1 Capital (to Average Assets), Actual Amount	$ 38,492		$ 38,240
Tier 1 Capital (to Average Assets), Actual Ratio	8.84%		10.36%
Tier 1 Capital (to Average Assets), Minimum Capital Requirement Amount	$ 17,420		$ 14,770
Tier 1 Capital (to Average Assets), Minimum Capital Requirement Ratio	4.00%		4.00%
Consolidated Entities | Common Stock
Compliance with Regulatory Capital Requirements under Banking Regulations [Line Items]
Total Risk Based Capital (to Risk Weighted Assets), Actual Amount	$ 38,492
Total Risk Based Capital (to Risk Weighted Assets), Actual Ratio	12.13%
Total Risk Based Capital (to Risk Weighted Assets), Minimum Capital Requirement Amount	$ 14,276
Total Risk Based Capital (to Risk Weighted Assets), Minimum Capital Requirement Ratio	4.50%
Subsidiaries
Compliance with Regulatory Capital Requirements under Banking Regulations [Line Items]
Total Risk Based Capital (to Risk Weighted Assets), Actual Amount	$ 42,923		$ 36,446
Total Risk Based Capital (to Risk Weighted Assets), Actual Ratio	13.64%		13.30%
Total Risk Based Capital (to Risk Weighted Assets), Minimum Capital Requirement Amount	$ 25,176		$ 21,927
Total Risk Based Capital (to Risk Weighted Assets), Minimum Capital Requirement Ratio	8.00%		8.00%
Total Risk Based Capital (to Risk Weighted Assets), Minimum To Be Well Capitalized Under Prompt Corrective Action Provisions Amount	$ 31,471		$ 27,409
Total Risk Based Capital (to Risk Weighted Assets), Minimum To Be Well Capitalized Under Prompt Corrective Action Provisions Ratio	10.00%		10.00%
Tier 1 Capital (to Risk Weighted Assets), Actual Amount	$ 38,986		$ 33,241
Tier 1 Capital (to Risk Weighted Assets), Actual Ratio	12.39%		12.13%
Tier 1 Capital (to Risk Weighted Assets), Minimum Capital Requirement Amount	$ 18,882		$ 10,964
Tier 1 Capital (to Risk Weighted Assets), Minimum Capital Requirement Ratio	6.00%		4.00%
Tier 1 Capital (to Risk Weighted Assets), Minimum To Be Well Capitalized Under Prompt Corrective Action Provisions Amount	$ 25,176		$ 16,445
Tier 1 Capital (to Risk Weighted Assets), Minimum To Be Well Capitalized Under Prompt Corrective Action Provisions Ratio	8.00%		6.00%
Tier 1 Capital (to Average Assets), Actual Amount	$ 38,986		$ 33,241
Tier 1 Capital (to Average Assets), Actual Ratio	9.11%		9.07%
Tier 1 Capital (to Average Assets), Minimum Capital Requirement Amount	$ 17,125		$ 14,664
Tier 1 Capital (to Average Assets), Minimum Capital Requirement Ratio	4.00%		4.00%
Tier 1 Capital (to Average Assets), Minimum To Be Well Capitalized Under Prompt Corrective Action Provisions Amount	$ 21,406		$ 18,329
Tier 1 Capital (to Average Assets), Minimum To Be Well Capitalized Under Prompt Corrective Action Provisions Ratio	5.00%		5.00%
Subsidiaries | Common Stock
Compliance with Regulatory Capital Requirements under Banking Regulations [Line Items]
Total Risk Based Capital (to Risk Weighted Assets), Actual Amount	$ 38,986
Total Risk Based Capital (to Risk Weighted Assets), Actual Ratio	12.39%
Total Risk Based Capital (to Risk Weighted Assets), Minimum Capital Requirement Amount	$ 14,162
Total Risk Based Capital (to Risk Weighted Assets), Minimum Capital Requirement Ratio	4.50%
Total Risk Based Capital (to Risk Weighted Assets), Minimum To Be Well Capitalized Under Prompt Corrective Action Provisions Amount	$ 20,456
Total Risk Based Capital (to Risk Weighted Assets), Minimum To Be Well Capitalized Under Prompt Corrective Action Provisions Ratio	6.50%

Employee Stock Ownership Plan -

Employee Stock Ownership Plan - Additional Information (Detail)	12 Months Ended
	Dec. 31, 2015USD ($)Ageshares	Dec. 31, 2014USD ($)
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Noncontributory employee stock ownership plan, service period eligibility	12 months
Noncontributory employee stock ownership plan, age eligibility | Age	21
Allocations, as a percentage of eligible participant compensation	25.00%
Participant accounts vested after two years	30.00%
Participant accounts vested after three years	40.00%
Participant accounts vested each year, from fourth year till 100% vested	20.00%
Participant accounts, total vested	100.00%
Allocated shares | shares	122,522
Contributions to the plan	$ 50,000	$ 3,000
Dividends on the company's stock held by the ESOP	$ 0	$ 0

Stock-Based Compensation Pla102

Stock-Based Compensation Plans - Additional Information (Detail) - USD ($)	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares available for grant	349,500
Stock-based compensation expense	$ 63,000	$ 20,000
Unrecognized compensation expenses related to stock award	$ 0
Options granted	28,500	7,000
Options vested	28,500	7,000
Fair value of options granted during the period		$ 2.75
Minimum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Fair value of options granted during the period	$ 2.17
Maximum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Fair value of options granted during the period	$ 2.28

Stock-Based Compensation - Fair

Stock-Based Compensation - Fair Value of Options (Detail)	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Risk free interest rate (5 year Treasury)		1.74%
Risk free interest rate minimum(5 year Treasury)	1.52%
Risk free interest rate maximum (5 year Treasury)	1.68%
Expected dividend yield	0.00%	0.00%
Expected term (years)	5 years	5 years
Expected volatility		51.40%
Expected volatility minimum	40.60%
Expected volatility maximum	47.10%

Stock-Based Compensation - F104

Stock-Based Compensation - Fair Value of Options (Parenthetical) (Detail)	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock price volatility, risk free interest period	5 years	5 years

Stock-Based Compensation - Summ

Stock-Based Compensation - Summary of Stock Option Activity (Detail) - USD ($)		12 Months Ended
		Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Options outstanding, beginning		190,419	191,002
Granted, shares		28,500	7,000
Forfeited, shares			(344)
Exercised, shares		0	0
Expired, shares		(7,734)	(7,239)
Options outstanding, ending		211,185	190,419	191,002
Options outstanding, beginning, Weighted Average Exercise Price		$ 7.02	$ 7.35
Options exercisable, ending		211,185
Granted, Weighted Average Exercise Price		$ 5.65	5.99
Forfeited, Weighted Average Exercise Price			5.90
Exercised, Weighted Average Exercise Price		0	0
Expired, Weighted Average Exercise Price		14.43	14.65
Options outstanding, ending, Weighted Average Exercise Price		6.57	$ 7.02	$ 7.35
Options exercisable, ending, Weighted Average Exercise Price		$ 6.57
Options outstanding, ending, Weighted Average Remaining Contractual Life		6 years	6 years 2 months 12 days	6 years 9 months 18 days
Options exercisable, ending, Weighted Average Remaining Contractual Life		6 years
Options outstanding, ending, Aggregate Intrinsic Value	[1]	$ 81,248	$ 32,718
Options exercisable, ending, Aggregate Intrinsic Value	[1]	$ 81,248
[1]	The aggregate intrinsic value of a stock option in the table above represents the total pre-tax intrinsic value (the amount by which the current market value of the underlying stock exceeds the exercise price of the option) that would have been received by the option holders had all option holders exercised their options on December 31, 2015 and 2014. This amount changes based on changes in the market value of the Company's common stock.

Earnings per share - Weighted A

Earnings per share - Weighted Average Number of Shares Used in Computing Earnings Per Share (Detail) - $ / shares	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014
Earnings Per Share, Diluted, by Common Class, Including Two Class Method [Line Items]
Basic earnings per share	4,791,722	4,818,377
Effect of dilutive securities:
Stock options	13,596	11,204
Diluted earnings per share	4,805,318	4,829,581
Basic earnings per share	$ 0.08	$ 0.38
Diluted earnings per share	$ 0.08	$ 0.38

Earnings Per Share - Additional

Earnings Per Share - Additional Information (Detail) - shares	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014
Computation Of Earnings Per Share Line Items
Shares not included in computing diluted earnings per share because effects were anti-dilutive	89,473	68,707

Related Parties - Additional In

Related Parties - Additional Information (Detail) - USD ($)	Dec. 31, 2015	May. 28, 2015	Dec. 31, 2014
Related Party Transaction [Line Items]
Unfunded commitments to extend credit and related interest	$ 1,600,000		$ 1,500,000
Aggregate amount of deposit accounts	499,000		374,000
Subordinated Debt Due May 2025
Related Party Transaction [Line Items]
Debt instrument, face amount	$ 7,000,000	$ 7,000,000
Debt instrument, coupon percentage	6.50%	6.50%
Amount owed to related parties	$ 291,000
key Employees
Related Party Transaction [Line Items]
Loans and Leases Receivable Related Parties	$ 2,570,000		$ 2,874,000
Related Parties | Subordinated Debt Due May 2025
Related Party Transaction [Line Items]
Debt instrument, face amount		$ 285,000

Related Parties - Related Parti

Related Parties - Related Parties (Detail) - key Employees $ in Thousands	12 Months Ended
	Dec. 31, 2015USD ($)
Related Party Transaction [Line Items]
Beginning Balance	$ 2,874
New loans and extensions to existing loans	268
Repayments and other reductions	(572)
Ending Balance	$ 2,570

Fair Value Measurements - Addit

Fair Value Measurements - Additional Information (Detail) - Fair Value, Measurements, Recurring - Fair Value, Inputs, Level 3 - Mortgage Servicing Rights	12 Months Ended
	Dec. 31, 2015$ / Loan	Dec. 31, 2014Loan$ / Loan
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Loan segregated, number of pools | Loan		14
Service costs assumed, per loan | $ / Loan	6	5.75
Average PSA assumed rate	163.00%	184.00%
Discount rate	11.00%	10.00%
100% PSA | First Month
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Prepayment rate	0.00%
100% PSA | Between First Month and Month 30
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Prepayment rate increase, each month	0.20%
100% PSA | Month 30
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Prepayment rate	6.00%
100% PSA | Thereafter
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Prepayment rate	6.00%

Fair Value Measurements - Sched

Fair Value Measurements - Schedule of Balances of Financial Assets and Liabilities Measured at Fair Value on Recurring Basis (Detail) - USD ($) $ in Thousands	Dec. 31, 2015	Dec. 31, 2014
Securities available for sale:
Securities available-for-sale	$ 59,825	$ 42,604
Mortgage servicing rights	658	596
Defined benefit plan assets:
Defined Benefit Plan Fair Value Of Plan Assets	2,806	2,897
Corporate Bonds
Securities available for sale:
Securities available-for-sale	3,945
US Government Agencies
Securities available for sale:
Securities available-for-sale	21,288	16,965
State and Municipal Obligations
Securities available for sale:
Securities available-for-sale	28,857	23,401
Certificates of Deposit
Securities available for sale:
Securities available-for-sale	5,735	2,238
Cash and Cash Equivalents
Defined benefit plan assets:
Defined Benefit Plan Fair Value Of Plan Assets	3	4
Fixed Income Funds
Defined benefit plan assets:
Defined Benefit Plan Fair Value Of Plan Assets	1,119	1,139
Equity Funds
Defined benefit plan assets:
Defined Benefit Plan Fair Value Of Plan Assets	1,684	1,754
Fair Value, Inputs, Level 1
Securities available for sale:
Securities available-for-sale	1,216	845
Defined benefit plan assets:
Defined Benefit Plan Fair Value Of Plan Assets	2,806	2,897
Fair Value, Inputs, Level 1 | US Government Agencies
Securities available for sale:
Securities available-for-sale	1,216	845
Fair Value, Inputs, Level 1 | Cash and Cash Equivalents
Defined benefit plan assets:
Defined Benefit Plan Fair Value Of Plan Assets	3	4
Fair Value, Inputs, Level 1 | Fixed Income Funds
Defined benefit plan assets:
Defined Benefit Plan Fair Value Of Plan Assets	1,119	1,139
Fair Value, Inputs, Level 1 | Equity Funds
Defined benefit plan assets:
Defined Benefit Plan Fair Value Of Plan Assets	1,684	1,754
Fair Value, Inputs, Level 2
Securities available for sale:
Securities available-for-sale	54,416	41,759
Fair Value, Inputs, Level 2 | US Government Agencies
Securities available for sale:
Securities available-for-sale	20,072	16,120
Fair Value, Inputs, Level 2 | State and Municipal Obligations
Securities available for sale:
Securities available-for-sale	28,857	23,401
Fair Value, Inputs, Level 2 | Certificates of Deposit
Securities available for sale:
Securities available-for-sale	5,487	2,238
Fair Value, Inputs, Level 3
Securities available for sale:
Securities available-for-sale	4,193
Mortgage servicing rights	658	$ 596
Fair Value, Inputs, Level 3 | Corporate Bonds
Securities available for sale:
Securities available-for-sale	3,945
Fair Value, Inputs, Level 3 | Certificates of Deposit
Securities available for sale:
Securities available-for-sale	$ 248

Fair Value Measurements - Recon

Fair Value Measurements - Reconciliation of Items Using Level Three Inputs (Detail) $ in Thousands	12 Months Ended
	Dec. 31, 2015USD ($)
Mortgage Servicing Rights
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Beginning balance	$ 596
Impairments	0
Fair value adjustments	62
Sales	0
Ending balance	658
Corporate Bonds
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Purchases	3,950
Impairments	0
Fair value adjustments	(5)
Sales	0
Ending balance	3,945
Certificates of Deposit
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Purchases	248
Impairments	0
Sales	0
Ending balance	$ 248

Fair Value Measurements - Summa

Fair Value Measurements - Summary of Assets Measured at Fair Value on Nonrecurring Basis (Detail) - USD ($) $ in Thousands	Dec. 31, 2015	Dec. 31, 2014
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Impaired Loans, net	$ 3,868	$ 1,958
Other real estate owned, net	1,870	2,791
Fair Value, Inputs, Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Impaired Loans, net	3,868	1,958
Other real estate owned, net	$ 1,870	$ 2,791

Fair Value Measurements - Su114

Fair Value Measurements - Summary of Quantitative Fair Value Measurements for Level 3 (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Impaired Loans, net	$ 3,868	$ 1,958
Other real estate owned, net	$ 1,870	$ 2,791
Minimum | Impaired Loans
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Unobservable Input, Selling Cost	10.00%	10.00%
Unobservable Input, Lack of Marketability	50.00%	25.00%
Minimum | Other Real Estate Owned
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Unobservable Input, Selling Cost	3.00%	3.00%
Unobservable Input, Lack of Marketability	10.00%	7.00%
Maximum | Impaired Loans
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Unobservable Input, Selling Cost	25.00%	20.00%
Unobservable Input, Lack of Marketability	60.00%	75.00%
Maximum | Other Real Estate Owned
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Unobservable Input, Selling Cost	13.00%	13.00%
Unobservable Input, Lack of Marketability	20.00%	20.00%
Weighted Average | Impaired Loans
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Unobservable Input, Selling Cost	13.00%	10.00%
Unobservable Input, Lack of Marketability	51.00%	53.00%
Weighted Average | Other Real Estate Owned
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Unobservable Input, Selling Cost	4.00%	5.00%
Unobservable Input, Lack of Marketability	12.00%	11.00%

Fair Value Measurements - Estim

Fair Value Measurements - Estimated Fair Values of Financial Instruments (Detail) - USD ($) $ in Thousands	Dec. 31, 2015	Dec. 31, 2014
Financial Assets:
Cash and due from banks	$ 4,969	$ 6,181
Interest-bearing deposits	15,330	14,784
Federal funds sold	271	119
Securities available-for-sale	59,825	42,604
Restricted securities	2,731	2,430
Loans, net	343,323	295,242
Loans held for sale	270
Accrued interest receivable	1,318	1,197
Mortgage servicing rights	658	596
Financial Liabilities:
Non-interest-bearing liabilities	65,842	63,308
Savings and other interest-bearing deposits	166,628	122,502
Time deposits	127,388	121,775
Securities sold under repurchase agreements	7,161	6,012
FHLB advances	40,000	35,000
Subordinated debt	6,844
Accrued interest payable	318	149
Financial Assets:
Cash and due from banks	4,969	6,181
Interest-bearing deposits	15,330	14,784
Federal funds sold	271	119
Securities available-for-sale	59,825	42,604
Restricted securities	2,731	2,430
Loans, net	347,500	300,481
Loans held for sale	270
Accrued interest receivable	1,318	1,197
Mortgage servicing rights	658	596
Financial Liabilities:
Non-interest-bearing liabilities	65,842	63,308
Savings and other interest-bearing deposits	166,628	122,502
Time deposits	127,433	122,662
Securities sold under repurchase agreements	7,161	6,012
FHLB advances	40,855	35,951
Subordinated debt	7,000
Accrued interest payable	318	149
Fair Value, Inputs, Level 1
Financial Assets:
Securities available-for-sale	1,216	845
Financial Assets:
Cash and due from banks	4,969	6,181
Interest-bearing deposits	15,330	14,784
Federal funds sold	271	119
Securities available-for-sale	1,216	845
Financial Liabilities:
Non-interest-bearing liabilities	65,842	63,308
Fair Value, Inputs, Level 2
Financial Assets:
Securities available-for-sale	54,416	41,759
Financial Assets:
Securities available-for-sale	54,416	41,759
Accrued interest receivable	1,318	1,197
Financial Liabilities:
Savings and other interest-bearing deposits	166,628	122,502
Securities sold under repurchase agreements	7,161	6,012
FHLB advances	40,855	35,951
Accrued interest payable	318	149
Fair Value, Inputs, Level 3
Financial Assets:
Securities available-for-sale	4,193
Financial Assets:
Securities available-for-sale	4,193
Restricted securities	2,731	2,430
Loans, net	347,500	300,481
Loans held for sale	270
Mortgage servicing rights	658	596
Financial Liabilities:
Time deposits	127,433	$ 122,662
Subordinated debt	$ 7,000

Leases - Additional Information

Leases - Additional Information (Detail) $ in Thousands	12 Months Ended
	Dec. 31, 2015USD ($)Branch	Dec. 31, 2014USD ($)
Operating Leased Assets [Line Items]
Number of retail branches | Branch	3
Lease expense | $	$ 168	$ 103

Future Minimum Lease payments f

Future Minimum Lease payments for Long-term Non-cancelable Lease agreements (Detail) $ in Thousands	Dec. 31, 2015USD ($)
Operating Leased Assets [Line Items]
2,016	$ 163
2,017	115
2,018	83
2,019	28
2,020	0
Thereafter	0
Operating Leases, Future Minimum Payments Due, Total	$ 389

Condensed Financial Informat118

Condensed Financial Information of Parent Company - Condensed Balance Sheets (Detail) - USD ($) $ in Thousands	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
ASSETS
Cash and due from non-affiliated banks	$ 4,969	$ 6,181
Interest-bearing deposits	15,330	14,784
Securities available-for-sale, at fair value	59,825	42,604
Other assets	3,682	2,504
Total assets	456,296	390,486
LIABILITIES
Subordinated debt	6,844
Other liabilities	2,864	2,651
Total liabilities	416,727	351,248
Total shareholders' equity	39,569	39,238	$ 37,136
Total liabilities and shareholders' equity	456,296	390,486
Parent Company
ASSETS
Cash and due from non-affiliated banks	149	2,445
Interest-bearing deposits	1,902
Securities available-for-sale, at fair value	2,480
Investments in subsidiaries	41,591	35,625
Other assets	1,920	1,732
Total assets	48,042	39,802
LIABILITIES
Subordinated debt	6,844
Deferred directors' compensation	477	414
Other liabilities	1,152	150
Total liabilities	8,473	564
Total shareholders' equity	39,569	39,238
Total liabilities and shareholders' equity	$ 48,042	$ 39,802

Condensed Financial Informat119

Condensed Financial Information of Parent Company - Condensed Income Statements (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014
Condensed Financial Statements, Captions [Line Items]
Interest income	$ 16,253	$ 14,132
Interest expense	3,034	2,197
Net interest expense	13,219	11,935
Non-interest income	3,359	3,681
Non-interest expense	14,802	12,618
Income tax (benefit) expense	(187)	557
Net income	366	1,830
Parent Company
Condensed Financial Statements, Captions [Line Items]
Interest income	6
Interest expense	279
Net interest expense	(273)
Non-interest income	629	641
Non-interest expense	839	622
(Loss) income before income taxes and equity in undistributed earnings of subsidiaries	(483)	19
Income tax (benefit) expense	(28)	5
Income (loss) before equity in undistributed earnings of subsidiaries	(455)	14
Equity in undistributed earnings of subsidiaries	821	1,816
Net income	$ 366	$ 1,830

Condensed Financial Informat120

Condensed Financial Information of Parent Company - Condensed Statements of Cash Flows (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014
Cash Flows from Operating Activities:
Net income	$ 366	$ 1,830
Adjustments to reconcile net income to net cash provided by operating activities:
Amortization of debt issuance costs	10
Stock-based compensation	63	20
Increase in other liabilities	351	(92)
Cash Flows from Investing Activities:
Purchase of securities available-for-sale	(35,066)	(11,542)
Cash Flows from Financing Activities:
Proceeds from the issuance of subordinated debt	6,834
Repurchase of common stock	(243)
Net (decrease) increase in cash and due from banks	(666)	5,276
Parent Company
Cash Flows from Operating Activities:
Net income	366	1,830
Adjustments to reconcile net income to net cash provided by operating activities:
Amortization of debt issuance costs	10
Stock-based compensation	63	20
Equity in undistributed earnings of subsidiaries	(821)	(1,816)
Increase in other assets	(187)	(467)
Net change in deferred directors' compensation	63	77
Increase in other liabilities	1	17
Net cash used in operating activities	(505)	(339)
Cash Flows from Investing Activities:
Purchase of securities available-for-sale	(2,480)
Investment in subsidiaries	(4,000)	(1,100)
Net cash used in investing activities	(6,480)	(1,100)
Cash Flows from Financing Activities:
Proceeds from the issuance of subordinated debt	6,834
Repurchase of common stock	(243)
Net cash provided by financing activities	6,591
Net (decrease) increase in cash and due from banks	(394)	(1,439)
Cash and cash equivalents at January 1	2,445	3,884
Cash and cash equivalents at December 31	$ 2,051	$ 2,445

Condensed Financial Informat121

Condensed Financial Information of Parent Company - Additional Information (Detail) $ in Millions	12 Months Ended
	Dec. 31, 2015USD ($)
Condensed Financial Statements, Captions [Line Items]
Accrued a capital contribution	$ 1
Accrued a capital contribution settlement date	Jan. 4, 2016

Accumulated Other Comprehens122

Accumulated Other Comprehensive Income - Balances in Accumulated Other Comprehensive Income (Loss) (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Beginning balance	$ (921)	$ (1,173)
Change in net unrealized holding gains on securities, before reclassification, net of tax expense	90	820
Reclassification for previously unrealized net losses (gains) recognized in income, net of tax expense (benefit)	(28)	16
Net gain (loss) on pension and postretirement plans, net of tax expense (benefit)	83	(584)
Ending Balance	(776)	(921)
Holding gains (losses) on securities
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Beginning balance	45	(791)
Change in net unrealized holding gains on securities, before reclassification, net of tax expense	90	820
Reclassification for previously unrealized net losses (gains) recognized in income, net of tax expense (benefit)	(28)	16
Ending Balance	107	45
Pension and Post employment costs
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Beginning balance	(966)	(382)
Net gain (loss) on pension and postretirement plans, net of tax expense (benefit)	83	(584)
Ending Balance	$ (883)	$ (966)

Accumulated Other Comprehens123

Accumulated Other Comprehensive Income - Balances in Accumulated Other Comprehensive Income (Loss) (Parenthetical) (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Unrealized holding gains arising during the period, tax expense	$ 46	$ 422
Reclassification for previously unrealized net losses (gains) recognized in income,tax expense (benefit)	14	(9)
Net gain (loss) pension and postretirement plans, tax expense (benefit)	42	(301)
Holding gains (losses) on securities
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Unrealized holding gains arising during the period, tax expense	46	422
Reclassification for previously unrealized net losses (gains) recognized in income,tax expense (benefit)	14	(9)
Pension and Post employment costs
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Net gain (loss) pension and postretirement plans, tax expense (benefit)	$ 42	$ (301)

Accumulated Other Comprehens124

Accumulated Other Comprehensive Income - Reclassification for unrealized gains and impairments on securities and pension and postemployment related costs (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Net gains (losses) on sale of securities available-for-securities	$ 42	$ (25)
Salaries and employee benefits	(8,001)	(6,458)
Tax (expense) benefit	187	(557)
Holding gains (losses) on securities | Reclassification out of Accumulated Other Comprehensive Income
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Net gains (losses) on sale of securities available-for-securities	42	(25)
Tax (expense) benefit	(14)	9
Impact on net income	28	(16)
Pension and Post employment costs | Reclassification out of Accumulated Other Comprehensive Income
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Salaries and employee benefits	(76)	(37)
Tax (expense) benefit	29	13
Impact on net income	$ (47)	$ (24)

Subsequent Event - Additional I

Subsequent Event - Additional Information (Detail) $ in Thousands	Feb. 23, 2016USD ($)Loan	Dec. 31, 2015USD ($)	Dec. 31, 2014USD ($)
Subsequent Event [Line Items]
Total Loans amount, placed on nonaccrual status		$ 6,433	$ 1,954
Provision for impairment reserves		$ 1,597	$ 611
Subsequent Event | Bank's commercial borrowers pleaded guilty in a federal court
Subsequent Event [Line Items]
Number of loans | Loan	5
Total Loans amount, placed on nonaccrual status	$ 2,200
Provision for impairment reserves	$ 691