Bay Banks of Virginia (BAYK) 10-Q 13 May 16 2016 Q1 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	3 Months Ended
	Mar. 31, 2016	May. 06, 2016
Document Information [Line Items]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Mar. 31, 2016
Document Fiscal Year Focus	2,016
Document Fiscal Period Focus	Q1
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 Filer Category	Smaller Reporting Company
Entity Common Stock, Shares Outstanding		4,774,856

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($) $ in Thousands	Mar. 31, 2016	Dec. 31, 2015	[1]
ASSETS
Cash and due from banks	$ 4,649	$ 4,969
Interest-bearing deposits	6,019	15,330
Certificates of deposit	5,456	5,735
Federal funds sold	330	271
Securities available-for-sale, at fair value	52,152	54,090
Restricted securities	2,574	2,731
Loans receivable, net of allowance for loan losses of $4,107 and $4,223	345,635	343,323
Loans held for sale	945	270
Premises and equipment, net	11,480	11,646
Accrued interest receivable	1,284	1,318
Other real estate owned, net	2,760	1,870
Bank owned life insurance	7,658	7,595
Goodwill	2,808	2,808
Mortgage servicing rights	648	658
Other assets	3,439	3,682
Total assets	447,837	456,296
LIABILITIES
Noninterest-bearing deposits	65,879	65,842
Savings and interest-bearing demand deposits	162,128	166,628
Time deposits	128,606	127,388
Total deposits	356,613	359,858
Securities sold under repurchase agreements	6,012	7,161
Federal Home Loan Bank advances	35,000	40,000
Subordinated debt, net of issuance costs	6,848	6,844
Other liabilities	2,924	2,864
Total liabilities	407,397	416,727
SHAREHOLDERS' EQUITY
Common stock ($5 par value; authorized - 10,000,000 shares; outstanding - 4,774,856 and 4,774,856 shares, respectively)	23,874	23,874
Additional paid-in capital	2,828	2,812
Retained earnings	14,183	13,659
Accumulated other comprehensive loss, net	(445)	(776)
Total shareholders' equity	40,440	39,569
Total liabilities and shareholders' equity	$ 447,837	$ 456,296
[1]	Derived from Audited December 31, 2015 Financial Statements.

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Thousands	Mar. 31, 2016	Dec. 31, 2015	[1]
Loans, allowance for loan losses	$ 4,107	$ 4,223
Common stock, par value	$ 5	$ 5
Common stock, authorized shares	10,000,000	10,000,000
Common stock, outstanding shares	4,774,856	4,774,856
[1]	Derived from Audited December 31, 2015 Financial Statements.

Consolidated Statements of Inco

Consolidated Statements of Income - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
INTEREST INCOME
Loans, including fees	$ 3,974	$ 3,675
Securities:
Taxable	207	126
Tax-exempt	136	88
Interest-bearing deposit accounts	15	8
Certificates of deposit	22	8
Total interest income	4,354	3,905
INTEREST EXPENSE
Deposits	645	516
Securities sold under repurchase agreements	2	2
Subordinated debt	118
FHLB advances	125	85
Total interest expense	890	603
Net interest income	3,464	3,302
(Recovery of) provision for loan losses	(35)	65
Net interest income after provision for loan losses	3,499	3,237
NON-INTEREST INCOME
Income from fiduciary activities	207	221
Service charges and fees on deposit accounts	227	223
VISA-related fees	46	47
Non-deposit product income	106	130
Other service charges and fees	148	131
Secondary market lending income	77	98
Increase in cash surrender value of life insurance	63	63
Net gains (losses) on sale of securities available for sale	6	(4)
Other real estate losses	(35)	(39)
Other income	13	15
Total non-interest income	858	885
NON-INTEREST EXPENSES
Salaries and employee benefits	2,055	2,048
Occupancy expense	448	435
Software maintenance	161	145
Bank franchise tax	60	48
VISA expense	39	31
Telephone expense	31	33
FDIC assessments	81	65
Foreclosure property expense	12	10
Consulting expense	55	75
Other expense	738	755
Total non-interest expenses	3,680	3,645
Net income before income taxes	677	477
Income tax expense	153	96
Net income	$ 524	$ 381
Basic Earnings Per Share
Average basic shares outstanding	4,774,856	4,809,856
Earnings per share, basic	$ 0.11	$ 0.08
Diluted Earnings Per Share
Average diluted shares outstanding	4,791,139	4,821,139
Earnings per share, diluted	$ 0.11	$ 0.08

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Income - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Net income	$ 524	$ 381
Unrealized gains (losses) on securities:
Unrealized holding gains arising during the period	508	301
Deferred tax expense	(173)	(103)
Reclassification of net securities (gains) losses recognized in net income	(6)	4
Deferred tax expense (benefit)	2	(1)
Unrealized gains adjustment, net of tax	331	201
Defined benefit plan:
Total other comprehensive income	331	201
Comprehensive income	855	582
Pension Plan, Defined Benefit
Defined benefit plan:
Net periodic cost	3	1
Net loss	(3)	(1)
Deferred tax benefit	0	0
Defined benefit/ post retirement plan adjustment, net of tax	0	0
Other Postretirement Benefit Plan, Defined Benefit
Defined benefit plan:
Net periodic cost	13	13
Net loss	(13)	(13)
Deferred tax benefit	0	0
Defined benefit/ post retirement plan adjustment, net of tax	$ 0	$ 0

Consolidated Statements of Chan

Consolidated Statements of Changes in Shareholders' Equity - 3 months ended Mar. 31, 2016 - USD ($) $ in Thousands	Total		Common Stock	Additional Paid-in Capital	Retained Earnings	Accumulated Other Comprehensive Loss
Balance at beginning of period at Dec. 31, 2015	$ 39,569	[1]	$ 23,874	$ 2,812	$ 13,659	$ (776)
Balance at beginning of period, Shares at Dec. 31, 2015	4,774,856	[1]	4,774,856
Net income	$ 524				524
Other comprehensive income	331					331
Stock-based compensation expense	16			16
Balance at end of period at Mar. 31, 2016	$ 40,440		$ 23,874	$ 2,828	$ 14,183	$ (445)
Balance at end of period, Shares at Mar. 31, 2016	4,774,856		4,774,856
[1]	Derived from Audited December 31, 2015 Financial Statements.

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Cash Flows From Operating Activities
Net income	$ 524	$ 381
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation	265	232
Net amortization and accretion of securities	107	88
Amortization of subordinated debt issuance costs	4
(Recovery of) provision for loan losses	(35)	65
Stock compensation expense	16	17
Deferred tax benefit	(6)	(7)
(Gain) loss on securities available-for-sale	(6)	4
Increase in OREO valuation allowance		33
Loss on sale of other real estate	35	6
Mortgage servicing rights	10	14
Loan originations for sale	(2,727)	(2,579)
Loan sales	2,086	2,481
Gain on sold loans	(34)	(69)
Increase in cash surrender value of life insurance	(63)	(63)
Decrease in accrued income and other assets	112	81
Increase in other liabilities	60	12
Net cash provided by operating activities	348	696
Cash Flows From Investing Activities
Proceeds from maturities and principal paydowns of available-for-sale securities	842	1,032
Proceeds from sales and calls of available-for-sale securities	2,702	614
Maturities of certificates of deposit	248
Purchases of available-for-sale securities	(1,175)	(1,540)
Sales (purchases) of restricted securities	157	(53)
Increase in federal funds sold	(59)	(271)
Loan (originations) and principal collections, net	(3,429)	(5,698)
Proceeds from sale of other real estate	228
Purchases of premises and equipment	(99)	(211)
Net cash used in investing activities	(585)	(6,127)
Cash Flows From Financing Activities
Net (decrease) increase in demand, savings, and other interest-bearing deposits	(4,463)	2,624
Net increase (decrease) in time deposits	1,218	(1,361)
Repurchase of common stock		(81)
Net (decrease) increase in securities sold under repurchase agreements	(1,149)	1,224
Decrease in Federal Home Loan Bank advances	(5,000)
Net cash (used in) provided by financing activities	(9,394)	2,406
Net decrease in cash and due from banks	(9,631)	(3,025)
Cash and cash equivalents (including interest-earning deposits) at beginning of period	20,299	20,965
Cash and cash equivalents (including interest-earning deposits) at end of period	10,668	17,940
Cash paid for:
Interest	987	599
Income taxes		140
Non-cash investing and financing:
Unrealized gain on investment securities	502	304
Change in fair value of pension and post-retirement obligation	0	0
Loans transferred to other real estate owned	1,352	129
Loans originated to facilitate sale of OREO	117	118
Changes in deferred taxes resulting from OCI transactions	$ 171	$ 103

General

General	3 Months Ended
	Mar. 31, 2016
General	Note 1: General Bay Banks of Virginia, Inc. (the “Company”) owns 100% of the Bank of Lancaster (the “Bank”), 100% of Bay Trust Company, Inc. (the “Trust Company”) and 100% of Steptoes Holdings, LLC (“Steptoes Holdings”). The consolidated financial statements include the accounts of the Bank, the Trust Company, Steptoes Holdings and Bay Banks of Virginia, Inc. The accounting and reporting policies of the Company conform to accounting principles generally accepted in the United States of America (“GAAP”) and to the general practices within the banking industry. In management’s opinion, all adjustments, consisting only of normal recurring adjustments necessary for a fair presentation of the consolidated financial statements, have been included. The results of operations for the interim periods are not necessarily indicative of the results to be expected for the full year or for any other interim periods. These consolidated financial statements should be read in conjunction with the consolidated financial statements and notes to the consolidated financial statements included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2015. Certain amounts presented in the consolidated financial statements of prior periods have been reclassified to conform to 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	3 Months Ended
	Mar. 31, 2016
Significant Accounting Policies	Note 2: Significant Accounting Policies Certificates of Deposit Prior to January 1, 2016, the Company included its investments in certificates of deposit on the consolidated balance sheets in securities available-for sale, at fair value. Effective January 1, 2016, the Company is presenting certificates of deposit separately on the consolidated balance sheets and removing them from the available-for-sale category. As of December 31, 2015, the unrealized gain related to the certificates of deposit included in securities available-for-sale was $31 thousand and the tax effected unrealized gain included in accumulated other comprehensive income was $20 thousand. The unrealized gain and related impact were reversed the first quarter of 2016. 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. 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 (“TDRs”). 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.

Amendments to the Accounting St

Amendments to the Accounting Standards Codification	3 Months Ended
	Mar. 31, 2016
Amendments to the Accounting Standards Codification	Note 3: Amendments to the Accounting Standards Codification In January 2016, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) 2016-01, Financial Instruments – Overall In February 2015, the FASB issued ASU 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 May 2014, the FASB issued ASU 2014-09, Revenue from Contracts with Customers

Securities

Securities	3 Months Ended
	Mar. 31, 2016
Securities	Note 4: Securities The aggregate amortized costs and fair values of the available-for-sale securities portfolio are as follows: (Dollars in thousands) Available-for-sale securities March 31, 2016 Amortized Gross Gross Fair Corporate bonds $ 4,445 $ 2 $ (8 ) $ 4,439 U.S. Government agencies 20,739 167 (28 ) 20,878 State and municipal obligations 26,275 569 (9 ) 26,835 $ 51,459 $ 738 $ (45 ) $ 52,152 Available-for-sale securities December 31, 2015 Amortized Gross Unrealized Gross Fair 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 $ 53,924 $ 382 $ (216 ) $ 54,090 Gross realized gains and gross realized losses on sales and calls of securities were as follows: For the three months ended (Dollars in thousands) 2016 2015 Gross realized gains $ 15 $ — Gross realized losses (9 ) (4 ) Net realized gains (losses) $ 6 $ (4 ) Aggregate proceeds $ 2,702 $ 614 Average yields (taxable equivalent) on securities were 3.03% and 2.46% for the three months ended March 31, 2016 and 2015, respectively. Securities with a market value of $8.8 million and $8.6 million were pledged as collateral for repurchase agreements and for other purposes as required by law as of March 31, 2016 and December 31, 2015, respectively. As of March 31, 2016 and December 31, 2015, 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 $6.0 million and $7.2 million as of March 31, 2016 and December 31, 2015, 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 March 31, 2016 and December 31, 2015, 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. Management does not intend to sell the securities and does not expect to be required to sell the securities. Furthermore, all amortized cost bases are expected to be recovered. Bonds with unrealized loss positions at March 31, 2016 included eight federal agencies, one corporate bond and five municipals. Bonds with unrealized loss positions at December 31, 2015 included 24 federal agencies, one corporate bond and 17 municipals. The tables are shown below. (Dollars in thousands) Less than 12 months 12 months or more Total March 31, 2016 Fair Unrealized Fair Unrealized Fair Unrealized Corporate bonds $ 493 $ (8 ) $ — $ — $ 493 $ (8 ) U.S. Government agencies 1,511 (7 ) 2,344 (21 ) 3,855 (28 ) States and municipal obligations 1,070 (7 ) 623 (2 ) 1,693 (9 ) Total temporarily impaired securities $ 3,074 $ (22 ) $ 2,967 $ (23 ) $ 6,041 $ (45 ) Less than 12 months 12 months or more Total December 31, 2015 Fair Unrealized Fair Unrealized Fair Unrealized 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 ) The Company’s investment in Federal Home Loan Bank of Atlanta (“FHLB”) stock totaled $1.9 million and $2.0 million at March 31, 2016 and December 31, 2015, respectively. The Company also had an investment in Federal Reserve Bank of Richmond (“FRB”) stock which totaled $505 thousand at both March 31, 2016 and December 31, 2015. 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	3 Months Ended
	Mar. 31, 2016
Loans	Note 5: Loans The following is a summary of the balances of loans: (Dollars in thousands) March 31, 2016 December 31, 2015 Mortgage loans on real estate: Construction, Land and Land Development $ 38,954 $ 42,129 Farmland 1,005 1,030 Commercial Mortgages (Non-Owner Occupied) 30,118 29,086 Commercial Mortgages (Owner Occupied) 47,225 43,956 Residential First Mortgages 167,478 164,405 Residential Revolving and Junior Mortgages 26,592 26,497 Commercial and Industrial loans 32,990 35,104 Consumer Loans 5,037 5,015 Total loans 349,399 347,222 Net unamortized deferred loan costs 343 324 Allowance for loan losses (4,107 ) (4,223 ) Loans, net $ 345,635 $ 343,323 The recorded investment in past due and non-accruing loans is shown in the following table. A loan past due by more than 90 days is generally placed on nonaccrual unless it is both well secured and in the process of collection. (Dollars in thousands) 30-89 90 Days or Nonaccruals Total Past Current Total Loans Past Due and Nonaccruals March 31, 2016 Construction, Land and Land Development $ 63 $ — $ 646 $ 709 $ 38,245 $ 38,954 Farmland — — — — 1,005 1,005 Commercial Mortgages (Non-Owner Occupied) — — — — 30,118 30,118 Commercial Mortgages (Owner Occupied) 393 — 1,638 2,031 45,194 47,225 Residential First Mortgages 1,905 — 2,461 4,366 163,112 167,478 Residential Revolving and Junior Mortgages 55 — 76 131 26,461 26,592 Commercial and Industrial — — 278 278 32,712 32,990 Consumer Loans 101 — 24 125 4,912 5,037 Total $ 2,517 $ — $ 5,123 $ 7,640 $ 341,759 $ 349,399 Loans Past Due and Nonaccruals December 31, 2015 30-89 90 Days or Nonaccruals Total Past Current Total 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

Allowance for Loan Losses

Allowance for Loan Losses	3 Months Ended
	Mar. 31, 2016
Allowance for Loan Losses	Note 6: Allowance for Loan Losses Loans Evaluated for Impairment Loan receivables evaluated for impairment individually and collectively by segment as of March 31, 2016 and December 31, 2015 are as follows: (Dollars in thousands) Mortgage Commercial and Consumer Total As of March 31, 2016 Individually evaluated for impairment $ 13,063 $ 275 $ — $ 13,338 Collectively evaluated for impairment 298,309 32,715 5,037 336,061 Total Gross Loans $ 311,372 $ 32,990 $ 5,037 $ 349,399 As of December 31, 2015 Mortgage Loans Commercial Consumer Total 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 Allowance for Loan Losses The allowance for loan losses disaggregated based on loan receivables evaluated for impairment individually and collectively by segment as of March 31, 2016 and December 31, 2015 are as follows: (Dollars in thousands) As of March 31, 2016 Mortgage Commercial Consumer Total Individually evaluated for impairment $ 1,082 $ 275 $ — $ 1,357 Collectively evaluated for impairment 2,328 304 118 2,750 Total allowance for loan losses $ 3,410 $ 579 $ 118 $ 4,107 As of December 31, 2015 Mortgage Commercial Consumer Total Individually evaluated for impairment $ 1,256 $ 278 $ — $ 1,534 Collectively evaluated for impairment 2,246 321 122 2,689 Total allowance for loan losses $ 3,502 $ 599 $ 122 $ 4,223 A disaggregation and an analysis of the change in the allowance for loan losses by segment is shown below. (Dollars in thousands) Mortgage Commercial Consumer Total For the Three Months Ended March 31, 2016 ALLOWANCE FOR LOAN LOSSES: Beginning Balance $ 3,502 $ 599 $ 122 $ 4,223 (Charge-offs) (83 ) — (11 ) (94 ) Recoveries 6 5 2 13 (Recovery) provision (15 ) (25 ) 5 (35 ) Ending Balance $ 3,410 $ 579 $ 118 $ 4,107 For the Three Months Ended Mortgage Commercial Consumer Total March 31, 2015 ALLOWANCE FOR LOAN LOSSES: Beginning Balance $ 2,778 $ 323 $ 104 $ 3,205 (Charge-offs) (1 ) — (32 ) (33 ) Recoveries 5 — 5 10 Provision (19 ) (8 ) 92 65 Ending Balance $ 2,763 $ 315 $ 169 $ 3,247 Internal Risk Rating Grades Internal risk rating grades are generally assigned to 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 $250,000 with chronic delinquency, and TDRs, as shown in the following table. The grading analysis estimates the capability of the borrower to repay the contractual obligations of the loan agreements as scheduled. Risk grades (refer to Note 2) are evaluated as new information becomes available for each borrowing relationship or at least quarterly. (Dollars in thousands) As of March 31, 2016 Construction, Farmland Commercial Commercial Commercial Total Grade: Pass $ 31,601 $ 1,005 $ 25,331 $ 33,824 $ 29,844 $ 121,605 Watch 5,307 — 4,539 8,155 2,638 20,639 Special mention — — — 2,696 146 2,842 Substandard 2,046 — 248 2,550 362 5,206 Doubtful — — — — — — Total $ 38,954 $ 1,005 $ 30,118 $ 47,225 $ 32,990 $ 150,292 As of December 31, 2015 Construction, Farmland Commercial Mortgages (Non-Owner Commercial Commercial 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 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. (Dollars in thousands) Residential Residential Consumer Total As of March 31, 2016 PAYMENT ACTIVITY STATUS Performing $ 165,017 $ 26,516 $ 5,013 $ 196,546 Nonperforming 2,461 76 24 2,561 Total $ 167,478 $ 26,592 $ 5,037 $ 199,107 As of December 31, 2015 PAYMENT ACTIVITY STATUS Residential Residential Revolving Consumer 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 (1) Residential First Mortgages which have been assigned a risk rating grade of Substandard totaled $4.0 million as of March 31, 2016. (2) Residential Revolving and Junior Mortgages which have been assigned a risk rating grade of Substandard totaled $1.1 million as of March 31, 2016. (3) Consumer Loans which have been assigned a risk rating grade of Substandard were $24 thousand as of March 31, 2016. (4) Residential First Mortgages which have been assigned a risk rating grade of Substandard totaled $3.9 million as of December 31, 2015. (5) Residential Revolving and Junior Mortgages which have been assigned a risk rating grade of Substandard totaled $372 thousand as of December 31, 2015. (6) No consumer Loans which have been assigned a risk rating grade of Substandard as of December 31, 2015. Impaired Loans 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 March 31, 2016 and December 31, 2015, along with the average recorded investment and interest income recognized for the three months ended March 31, 2016 and 2015, respectively. (Dollars in thousands) As of March 31, 2016 As of December 31, 2015 IMPAIRED LOANS Customers’ Unpaid Related Recorded Customers’ Unpaid Related With no related allowance: Recorded Construction, land and land development $ 1,536 $ 1,542 $ — $ 445 $ 451 $ — Residential First Mortgages 3,525 3,573 — 3,130 3,166 — Residential Revolving and Junior Mortgages (1) 886 887 — 233 233 — Commercial Mortgages (Non-owner occupied) 248 248 — 264 264 — Commercial Mortgages (Owner occupied) 1,398 1,435 — 1,352 1,390 — Commercial and Industrial — — — — — — 7,593 7,685 — 5,424 5,504 — With an allowance recorded: Construction, land and land development 257 289 115 262 290 120 Residential First Mortgages 2,903 2,907 192 2,507 2,507 308 Residential Revolving and Junior Mortgages (1) 360 360 157 258 259 150 Commercial Mortgages (Non-owner occupied) — — — — — — Commercial Mortgages (Owner occupied) 1,950 2,212 618 2,091 2,348 678 Commercial and Industrial 275 277 275 284 285 278 5,745 6,045 1,357 5,402 5,689 1,534 Total Impaired Loans: Construction, land and land development 1,793 1,831 115 707 741 120 Residential First Mortgages 6,428 6,480 192 5,637 5,673 308 Residential Revolving and Junior Mortgages (1) 1,246 1,247 157 491 492 150 Commercial Mortgages (Non-owner occupied) 248 248 — 264 264 — Commercial Mortgages (Owner occupied) 3,348 3,647 618 3,443 3,738 678 Commercial and Industrial 275 277 275 284 285 278 $ 13,338 $ 13,730 $ 1,357 $ 10,826 $ 11,193 $ 1,534 (1) Junior mortgages include equity lines. For the three months ended For the three months ended (Dollars in thousands) Average Interest Average Interest With no related allowance: Construction, land and land development $ 991 $ 14 $ 450 $ — Residential First Mortgages 2,783 26 1,566 18 Residential Revolving and Junior Mortgages (1) 468 9 50 1 Commercial Mortgages (Non-owner occupied) 256 4 264 4 Commercial Mortgages (Owner occupied) 1,090 17 1,430 8 Commercial and Industrial — — 62 — Consumer (2) — — 5 — 5,588 70 3,827 31 With an allowance recorded: Construction, land and land development 260 1 275 1 Residential First Mortgages 2,905 21 2,169 26 Residential Revolving and Junior Mortgages (1) 309 4 173 2 Commercial Mortgages (Non-owner occupied) — — — — Commercial Mortgages (Owner occupied) 2,208 14 449 4 Commercial and Industrial 280 1 — — Consumer (2) — — 11 — 5,962 41 3,077 33 Total Construction, land and land development 1,251 15 725 1 Residential First Mortgages 5,688 47 3,735 44 Residential Revolving and Junior Mortgages (1) 777 13 223 3 Commercial Mortgages (Non-owner occupied) 256 4 264 4 Commercial Mortgages (Owner occupied) 3,298 31 1,879 12 Commercial and Industrial 280 1 62 — Consumer (2) — — 16 — $ 11,550 $ 111 $ 6,904 $ 64 (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 March 31, 2016 and December 31, 2015, non-accruing loans excluded from impaired loan disclosure totaled $72 thousand and $95 thousand, respectively. If interest on these non-accruing loans had been accrued, such income would have approximated $2 thousand and $9 thousand during the three months ended March 31, 2016 and 2015, respectively. Loan Modifications 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 three months ended March 31, 2016 and 2015. For the three months ended For the three months ended (Dollars in thousands) Number of Pre-Modification Post-Modification Number of Pre-Modification Post-Modification TROUBLED DEBT RESTRUCTURINGS Commercial and industrial (1) — $ — $ — 1 $ 124 $ 124 (1) Modifications were an extension of loan terms. (Dollars in thousands) For the three months ended For the three months ended TROUBLED DEBT RESTRUCTURINGS THAT SUBSEQUENTLY Number Recorded Number of Recorded Commercial and industrial — $ — 1 $ 124 Other Real Estate Owned The table below details the properties included in other real estate owned (“OREO”) as of March 31, 2016 and December 31, 2015. There was one collateralized consumer residential mortgage loan for $556 thousand in the process of foreclosure as of March 31, 2016. As of March 31, 2016 As of December 31, 2015 (Dollars in thousands) No. of Carrying No. of Carrying Residential 3 $ 1,224 3 $ 540 Land lots 7 413 7 413 Convenience stores 1 59 2 191 Restaurant 1 55 1 55 Commerical properties 4 1,009 3 671 Total 16 $ 2,760 16 $ 1,870 Included in other assets as of March 31, 2016, was 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 $390 thousand. Both properties are being marketed for sale.

Earnings per share

Earnings per share	3 Months Ended
	Mar. 31, 2016
Earnings per share	Note 7: 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. For the three months ended March 31, 2016 March 31, 2015 Average Per share Average Per share Basic earnings per share 4,774,856 $ 0.11 4,809,856 $ 0.08 Effect of dilutive securities: Stock options 16,283 11,283 Diluted earnings per share 4,791,139 $ 0.11 4,821,139 $ 0.08 For the three months ended March 31, 2016 and 2015, options on 68,473 and 76,207 shares, respectively, were not included in computing diluted earnings per share because their effects were anti-dilutive.

Stock-Based Compensation

Stock-Based Compensation	3 Months Ended
	Mar. 31, 2016
Stock-Based Compensation	Note 8: Stock-Based Compensation On June 28, 2013, the Company registered with the Securities and Exchange Commission a new stock-based compensation plan, which superseded all other plans. There are 342,000 shares available for grant under this plan at March 31, 2016. Stock-based compensation expense related to stock awards for the three month periods ended March 31, 2016 and 2015 was $16 thousand and $17 thousand, respectively. Compensation expense for stock options is the estimated fair value of options on the date granted using the Black-Scholes Model amortized on a straight-line basis over the vesting period of the award. There was no unrecognized compensation expense related to stock options as of March 31, 2016. Options for a total of 7,500 shares were granted and vested during the three months ended March 31, 2016. The aggregate fair value of options granted during the three months ended March 31, 2016 was $16 thousand. Options for a total of 7,500 shares were granted and vested during the three months ended March 31, 2015. The aggregate fair value of options granted during the three months ended March 31, 2015 was $17 thousand. The variables used in these calculations of the fair value of the options are as follows: For the three months ended March 31, 2016 2015 Risk free interest rate (5 year Treasury) 1.49 % 1.52 % Expected dividend yield 0.0 % 0.0 % Expected term (years) 5 5 Expected volatility 40.1 % 47.1 % Stock option activity for the three months ended March 31, 2016 (unaudited) is summarized below: Shares Weighted Average Weighted Aggregate Options outstanding, January 1, 2016 211,185 $ 6.57 6.0 Granted 7,500 5.76 Forfeited — — Exercised — — Expired — — Options outstanding and exercisable, March 31, 2016 218,685 $ 6.54 5.9 $ 69,619 (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 March 31, 2016. This amount changes based on changes in the market value of the Company’s common stock.

Employee Benefit Plans

Employee Benefit Plans	3 Months Ended
	Mar. 31, 2016
Employee Benefit Plans	Note 9: Employee Benefit Plans The Company has a non-contributory, defined benefit pension plan for full-time employees who were over 21 years of age and vested in the plan as of December 31, 2012, when the plan 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 post-retirement 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 post-retirement benefit plan provides coverage toward a retiree’s eligible medical and life insurance benefits expenses. The plan is unfunded and funded as benefits are due. Components of Net Periodic (Benefit) Cost (Dollars in thousands) Pension Benefits Post-Retirement Benefits Three months ended March 31, 2016 2015 2016 2015 Service cost $ — $ — $ 6 $ 6 Interest cost 35 33 7 7 Expected return on plan assets (48 ) (49 ) — — Amortization of unrecognized net loss — — — — Recognized net actuarial loss 19 17 — — Net periodic cost $ 6 $ 1 $ 13 $ 13 The Company expects to make no contribution to its pension plan and $5 thousand to its post-retirement benefit plan during the remainder of 2016. The Company has contributed $2 thousand towards the post-retirement plan during the first three months of 2016.

Long Term Debt

Long Term Debt	3 Months Ended
	Mar. 31, 2016
Long Term Debt	Note 10: Long Term Debt FHLB Debt As of March 31, 2016, the Bank had $35 million of outstanding FHLB debt, consisting of six advances. As of December 31, 2015, seven advances totaling $40 million were outstanding. An advance for $5 million that matured in February 2016 was repaid. The $5 million advance that matured in April 2016 was not replaced. The six advances are shown in the following table. Current Maturity Description Balance Originated Interest Rate Date Adjustable Rate Hybrid $ 10,000,000 4/12/2013 3.00210 % 4/13/2020 Fixed Rate Credit 5,000,000 10/20/2014 0.47000 % 4/20/2016 Adjustable Rate Credit 5,000,000 6/18/2015 0.65900 % 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 $ 35,000,000 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 March 31, 2016, was $48.9 million against a total line of credit of $89.9 million. As of March 31, 2016 and December 31, 2015, the Company had $35.0 million and $40.0 million, respectively, in FHLB debt outstanding with a weighted average interest rate of 1.39% and 1.17%, respectively. Subordinated Debt On May 28, 2015, the Company entered into a Subordinated Note Purchase Agreement (the “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 6.5% Subordinated Debt $ 7,000 Less: Issuance costs (152 ) $ 6,848 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.

Fair Value Measurements

Fair Value Measurements	3 Months Ended
	Mar. 31, 2016
Fair Value Measurements	Note 11: 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 March 31, 2016 and December 31, 2015: (Dollars in thousands) Fair Value Measurements at March 31, 2016 Using Description Balance Level 1 Level 2 Level 3 Securities available-for-sale: Corporate bonds $ 4,439 $ — $ — $ 4,439 U. S. Government agencies 20,878 1,155 19,723 — State and municipal obligations 26,835 — 26,835 — Total securities available-for-sale: $ 52,152 $ 1,155 $ 46,558 $ 4,439 Mortgage servicing rights $ 648 $ — $ — $ 648 Defined benefit plan assets: Cash and cash equivalents $ 3 $ 3 $ — $ — Mutual funds - fixed income 1,026 1,026 — — Mutual funds - equity 1,552 1,552 — — Total defined benefit plan assets $ 2,581 $ 2,581 $ — $ — 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 — Total securities available-for-sale: $ 54,090 $ 1,216 $ 48,929 $ 3,945 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 $ — $ — The reconciliation of items using Level 3 inputs is as follows: Corporate (Dollars in thousands) MSRs Bonds Balance, January 1, 2016 $ 658 $ 3,945 Purchases — 495 Impairments — — Fair value adjustments (10 ) (1 ) Sales — — Balance, March 31, 2016 $ 648 $ 4,439 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 March 31, 2016 Using (Dollars in thousands) Balance as of Description March 31, 2016 Level 1 Level 2 Level 3 Impaired Loans, net $ 4,388 $ — $ — $ 4,388 Other real estate owned, net 2,760 — — 2,760 Fair Value Measurements at December 31, 2015 Using Description Balance as of Level 1 Level 2 Level 3 Impaired Loans, net $ 3,868 $ — $ — $ 3,868 Other real estate owned, net 1,870 — — 1,870 The following table displays quantitative information about Level 3 Fair Value Measurements as of March 31, 2016: (Dollars in thousands) Balance as of Valuation Technique Unobservable Input Range (Weighted Impaired Loans, net $ 4,388 Discounted appraised value Selling Cost 10% - 25% (11% ) Lack of Marketability 50% - 80% (66% ) Other real estate owned, net 2,760 Discounted appraised value Selling Cost 3% - 13% (5% ) Lack of Marketability 10% - 20% (12% ) The following table displays quantitative information about Level 3 Fair Value Measurements as of December 31, 2015: (Dollars in thousands) Balance as of Valuation Technique Unobservable Input Range (Weighted 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 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 March 31, 2016 Using (Dollars in thousands) Balance as of Fair Value as of Description March 31, 2016 March 31, 2016 Level 1 Level 2 Level 3 Financial Assets: Cash and due from banks $ 4,649 $ 4,649 $ 4,649 $ — $ — Interest-bearing deposits 6,019 6,019 6,019 — — Certificates of deposit 5,456 5,456 — 5,456 — Federal funds sold 330 330 330 — — Securities available-for-sale 52,152 52,152 1,155 46,558 4,439 Restricted securities 2,574 2,574 — — 2,574 Loans, net 345,635 352,506 — — 352,506 Loans held for sale 945 945 — — 945 Accrued interest receivable 1,284 1,284 — 1,284 — Mortgage servicing rights 648 648 — — 648 Financial Liabilities: Non-interest-bearing liabilities $ 65,879 $ 65,879 $ 65,879 $ — $ — Savings and other interest-bearing deposits 162,128 162,128 — 162,128 — Time deposits 128,606 129,599 — — 129,599 Securities sold under repurchase agreements 6,012 6,012 — 6,012 — FHLB advances 35,000 35,848 — 35,848 — Subordinated debt 6,848 7,000 — — 7,000 Accrued interest payable 222 222 — 222 — 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 — — Certificates of deposit 5,735 5,735 — 5,487 248 Federal funds sold 271 271 271 — — Securities available-for-sale 54,090 54,090 1,216 48,929 3,945 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 — 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. 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 March 31, 2016 and December 31, 2015, 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.

Changes in Accumulated Other Co

Changes in Accumulated Other Comprehensive Income (Loss)	3 Months Ended
	Mar. 31, 2016
Changes in Accumulated Other Comprehensive Income (Loss)	Note 12: Changes in Accumulated Other Comprehensive Income (Loss) The balances in accumulated other comprehensive income (loss) are shown in the following tables: For the Three Months Ended March 31, 2016 (Dollars in thousands) Net Unrealized Pension and Post-retirement Accumulated Other Balance January 1, 2016 $ 107 $ (883 ) $ (776 ) Change in net unrealized holding losses on securities, before reclassification, net of tax expense of $173 335 — 335 Reclassification for previously unrealized net gains recognized in income, net of tax expense of $2 (4 ) — (4 ) Balance March 31, 2016 $ 438 $ (883 ) $ (445 ) For the Three Months Ended March 31, 2015 (Dollars in thousands) Net Unrealized Pension and Post-retirement Accumulated Other Balance January 1, 2015 $ 45 $ (966 ) $ (921 ) Change in net unrealized holding gains on securities, before reclassification, net of tax expense of $103 198 — 198 Reclassification for previously unrealized net losses recognized in income, net of tax benefit of $1 3 — 3 Balance March 31, 2015 $ 246 $ (966 ) $ (720 ) Reclassification for previously unrealized gains (losses) and impairments on securities are reported in the Consolidated Statements of Income as follows. No unrealized gains (losses) on pension and post-employment related costs were reclassified to the Consolidated Statements of Income in the three months ended March 31, 2016 and 2015. Accumulated Other Comprehensive Income (Loss) Reclassification for the Three Months Ended Holding Losses on Securities (In thousands) March 31, 2016 March 31, 2015 Net gains (losses) on sale of securities available-for-securities $ 6 $ (4 ) Tax (expense) benefit (2 ) 1 Impact on net income $ 4 $ (3 )

Significant Accounting Polici20

Significant Accounting Policies (Policies)	3 Months Ended
	Mar. 31, 2016
Certificates of Deposit	Certificates of Deposit Prior to January 1, 2016, the Company included its investments in certificates of deposit on the consolidated balance sheets in securities available-for sale, at fair value. Effective January 1, 2016, the Company is presenting certificates of deposit separately on the consolidated balance sheets and removing them from the available-for-sale category. As of December 31, 2015, the unrealized gain related to the certificates of deposit included in securities available-for-sale was $31 thousand and the tax effected unrealized gain included in accumulated other comprehensive income was $20 thousand. The unrealized gain and related impact were reversed the first quarter of 2016.
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.
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 (“TDRs”). 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.

Securities (Tables)

Securities (Tables)	3 Months Ended
	Mar. 31, 2016
Aggregate Amortized Cost and Fair Values of Available-for-Sale Securities Portfolio	The aggregate amortized costs and fair values of the available-for-sale securities portfolio are as follows: (Dollars in thousands) Available-for-sale securities March 31, 2016 Amortized Gross Gross Fair Corporate bonds $ 4,445 $ 2 $ (8 ) $ 4,439 U.S. Government agencies 20,739 167 (28 ) 20,878 State and municipal obligations 26,275 569 (9 ) 26,835 $ 51,459 $ 738 $ (45 ) $ 52,152 Available-for-sale securities December 31, 2015 Amortized Gross Unrealized Gross Fair 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 $ 53,924 $ 382 $ (216 ) $ 54,090
Gross Realized Gains and Gross Realized Losses on Sales of Securities	Gross realized gains and gross realized losses on sales and calls of securities were as follows: For the three months ended (Dollars in thousands) 2016 2015 Gross realized gains $ 15 $ — Gross realized losses (9 ) (4 ) Net realized gains (losses) $ 6 $ (4 ) Aggregate proceeds $ 2,702 $ 614
Unrealized Loss Positions	Bonds with unrealized loss positions at December 31, 2015 included 24 federal agencies, one corporate bond and 17 municipals. The tables are shown below. (Dollars in thousands) Less than 12 months 12 months or more Total March 31, 2016 Fair Unrealized Fair Unrealized Fair Unrealized Corporate bonds $ 493 $ (8 ) $ — $ — $ 493 $ (8 ) U.S. Government agencies 1,511 (7 ) 2,344 (21 ) 3,855 (28 ) States and municipal obligations 1,070 (7 ) 623 (2 ) 1,693 (9 ) Total temporarily impaired securities $ 3,074 $ (22 ) $ 2,967 $ (23 ) $ 6,041 $ (45 ) Less than 12 months 12 months or more Total December 31, 2015 Fair Unrealized Fair Unrealized Fair Unrealized 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 )

Loans (Tables)

Loans (Tables)	3 Months Ended
	Mar. 31, 2016
Summary of Balances of Loans	The following is a summary of the balances of loans: (Dollars in thousands) March 31, 2016 December 31, 2015 Mortgage loans on real estate: Construction, Land and Land Development $ 38,954 $ 42,129 Farmland 1,005 1,030 Commercial Mortgages (Non-Owner Occupied) 30,118 29,086 Commercial Mortgages (Owner Occupied) 47,225 43,956 Residential First Mortgages 167,478 164,405 Residential Revolving and Junior Mortgages 26,592 26,497 Commercial and Industrial loans 32,990 35,104 Consumer Loans 5,037 5,015 Total loans 349,399 347,222 Net unamortized deferred loan costs 343 324 Allowance for loan losses (4,107 ) (4,223 ) Loans, net $ 345,635 $ 343,323
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 more than 90 days is generally placed on nonaccrual unless it is both well secured and in the process of collection. (Dollars in thousands) 30-89 90 Days or Nonaccruals Total Past Current Total Loans Past Due and Nonaccruals March 31, 2016 Construction, Land and Land Development $ 63 $ — $ 646 $ 709 $ 38,245 $ 38,954 Farmland — — — — 1,005 1,005 Commercial Mortgages (Non-Owner Occupied) — — — — 30,118 30,118 Commercial Mortgages (Owner Occupied) 393 — 1,638 2,031 45,194 47,225 Residential First Mortgages 1,905 — 2,461 4,366 163,112 167,478 Residential Revolving and Junior Mortgages 55 — 76 131 26,461 26,592 Commercial and Industrial — — 278 278 32,712 32,990 Consumer Loans 101 — 24 125 4,912 5,037 Total $ 2,517 $ — $ 5,123 $ 7,640 $ 341,759 $ 349,399 Loans Past Due and Nonaccruals December 31, 2015 30-89 90 Days or Nonaccruals Total Past Current Total 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

Allowance for Loan Losses (Tabl

Allowance for Loan Losses (Tables)	3 Months Ended
	Mar. 31, 2016
Loan Receivables Evaluated for Impairment Individually and Collectively by Segment	Loan receivables evaluated for impairment individually and collectively by segment as of March 31, 2016 and December 31, 2015 are as follows: (Dollars in thousands) Mortgage Commercial and Consumer Total As of March 31, 2016 Individually evaluated for impairment $ 13,063 $ 275 $ — $ 13,338 Collectively evaluated for impairment 298,309 32,715 5,037 336,061 Total Gross Loans $ 311,372 $ 32,990 $ 5,037 $ 349,399 As of December 31, 2015 Mortgage Loans Commercial Consumer Total 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
Allowance for Loan Losses by Portfolio Segment	Allowance for Loan Losses The allowance for loan losses disaggregated based on loan receivables evaluated for impairment individually and collectively by segment as of March 31, 2016 and December 31, 2015 are as follows: (Dollars in thousands) As of March 31, 2016 Mortgage Commercial Consumer Total Individually evaluated for impairment $ 1,082 $ 275 $ — $ 1,357 Collectively evaluated for impairment 2,328 304 118 2,750 Total allowance for loan losses $ 3,410 $ 579 $ 118 $ 4,107 As of December 31, 2015 Mortgage Commercial Consumer Total Individually evaluated for impairment $ 1,256 $ 278 $ — $ 1,534 Collectively evaluated for impairment 2,246 321 122 2,689 Total allowance for loan losses $ 3,502 $ 599 $ 122 $ 4,223 A disaggregation and an analysis of the change in the allowance for loan losses by segment is shown below. (Dollars in thousands) Mortgage Commercial Consumer Total For the Three Months Ended March 31, 2016 ALLOWANCE FOR LOAN LOSSES: Beginning Balance $ 3,502 $ 599 $ 122 $ 4,223 (Charge-offs) (83 ) — (11 ) (94 ) Recoveries 6 5 2 13 (Recovery) provision (15 ) (25 ) 5 (35 ) Ending Balance $ 3,410 $ 579 $ 118 $ 4,107 For the Three Months Ended Mortgage Commercial Consumer Total March 31, 2015 ALLOWANCE FOR LOAN LOSSES: Beginning Balance $ 2,778 $ 323 $ 104 $ 3,205 (Charge-offs) (1 ) — (32 ) (33 ) Recoveries 5 — 5 10 Provision (19 ) (8 ) 92 65 Ending Balance $ 2,763 $ 315 $ 169 $ 3,247
Internal Risk Rating Grades are Assigned to Commercial Loans Not Secured	Internal risk rating grades are generally assigned to 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 $250,000 with chronic delinquency, and TDRs, as shown in the following table. The grading analysis estimates the capability of the borrower to repay the contractual obligations of the loan agreements as scheduled. Risk grades (refer to Note 2) are evaluated as new information becomes available for each borrowing relationship or at least quarterly. (Dollars in thousands) As of March 31, 2016 Construction, Farmland Commercial Commercial Commercial Total Grade: Pass $ 31,601 $ 1,005 $ 25,331 $ 33,824 $ 29,844 $ 121,605 Watch 5,307 — 4,539 8,155 2,638 20,639 Special mention — — — 2,696 146 2,842 Substandard 2,046 — 248 2,550 362 5,206 Doubtful — — — — — — Total $ 38,954 $ 1,005 $ 30,118 $ 47,225 $ 32,990 $ 150,292 As of December 31, 2015 Construction, Farmland Commercial Mortgages (Non-Owner Commercial Commercial 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
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. (Dollars in thousands) Residential Residential Consumer Total As of March 31, 2016 PAYMENT ACTIVITY STATUS Performing $ 165,017 $ 26,516 $ 5,013 $ 196,546 Nonperforming 2,461 76 24 2,561 Total $ 167,478 $ 26,592 $ 5,037 $ 199,107 As of December 31, 2015 PAYMENT ACTIVITY STATUS Residential Residential Revolving Consumer 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 (1) Residential First Mortgages which have been assigned a risk rating grade of Substandard totaled $4.0 million as of March 31, 2016. (2) Residential Revolving and Junior Mortgages which have been assigned a risk rating grade of Substandard totaled $1.1 million as of March 31, 2016. (3) Consumer Loans which have been assigned a risk rating grade of Substandard were $24 thousand as of March 31, 2016. (4) Residential First Mortgages which have been assigned a risk rating grade of Substandard totaled $3.9 million as of December 31, 2015. (5) Residential Revolving and Junior Mortgages which have been assigned a risk rating grade of Substandard totaled $372 thousand as of December 31, 2015. (6) No consumer Loans which have been assigned a risk rating grade of Substandard as of December 31, 2015.
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 March 31, 2016 and December 31, 2015, along with the average recorded investment and interest income recognized for the three months ended March 31, 2016 and 2015, respectively. (Dollars in thousands) As of March 31, 2016 As of December 31, 2015 IMPAIRED LOANS Customers’ Unpaid Related Recorded Customers’ Unpaid Related With no related allowance: Recorded Construction, land and land development $ 1,536 $ 1,542 $ — $ 445 $ 451 $ — Residential First Mortgages 3,525 3,573 — 3,130 3,166 — Residential Revolving and Junior Mortgages (1) 886 887 — 233 233 — Commercial Mortgages (Non-owner occupied) 248 248 — 264 264 — Commercial Mortgages (Owner occupied) 1,398 1,435 — 1,352 1,390 — Commercial and Industrial — — — — — — 7,593 7,685 — 5,424 5,504 — With an allowance recorded: Construction, land and land development 257 289 115 262 290 120 Residential First Mortgages 2,903 2,907 192 2,507 2,507 308 Residential Revolving and Junior Mortgages (1) 360 360 157 258 259 150 Commercial Mortgages (Non-owner occupied) — — — — — — Commercial Mortgages (Owner occupied) 1,950 2,212 618 2,091 2,348 678 Commercial and Industrial 275 277 275 284 285 278 5,745 6,045 1,357 5,402 5,689 1,534 Total Impaired Loans: Construction, land and land development 1,793 1,831 115 707 741 120 Residential First Mortgages 6,428 6,480 192 5,637 5,673 308 Residential Revolving and Junior Mortgages (1) 1,246 1,247 157 491 492 150 Commercial Mortgages (Non-owner occupied) 248 248 — 264 264 — Commercial Mortgages (Owner occupied) 3,348 3,647 618 3,443 3,738 678 Commercial and Industrial 275 277 275 284 285 278 $ 13,338 $ 13,730 $ 1,357 $ 10,826 $ 11,193 $ 1,534 (1) Junior mortgages include equity lines. For the three months ended For the three months ended (Dollars in thousands) Average Interest Average Interest With no related allowance: Construction, land and land development $ 991 $ 14 $ 450 $ — Residential First Mortgages 2,783 26 1,566 18 Residential Revolving and Junior Mortgages (1) 468 9 50 1 Commercial Mortgages (Non-owner occupied) 256 4 264 4 Commercial Mortgages (Owner occupied) 1,090 17 1,430 8 Commercial and Industrial — — 62 — Consumer (2) — — 5 — 5,588 70 3,827 31 With an allowance recorded: Construction, land and land development 260 1 275 1 Residential First Mortgages 2,905 21 2,169 26 Residential Revolving and Junior Mortgages (1) 309 4 173 2 Commercial Mortgages (Non-owner occupied) — — — — Commercial Mortgages (Owner occupied) 2,208 14 449 4 Commercial and Industrial 280 1 — — Consumer (2) — — 11 — 5,962 41 3,077 33 Total Construction, land and land development 1,251 15 725 1 Residential First Mortgages 5,688 47 3,735 44 Residential Revolving and Junior Mortgages (1) 777 13 223 3 Commercial Mortgages (Non-owner occupied) 256 4 264 4 Commercial Mortgages (Owner occupied) 3,298 31 1,879 12 Commercial and Industrial 280 1 62 — Consumer (2) — — 16 — $ 11,550 $ 111 $ 6,904 $ 64 (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 three months ended March 31, 2016 and 2015. For the three months ended For the three months ended (Dollars in thousands) Number of Pre-Modification Post-Modification Number of Pre-Modification Post-Modification TROUBLED DEBT RESTRUCTURINGS Commercial and industrial (1) — $ — $ — 1 $ 124 $ 124 (1) Modifications were an extension of loan terms. (Dollars in thousands) For the three months ended For the three months ended TROUBLED DEBT RESTRUCTURINGS THAT SUBSEQUENTLY Number Recorded Number of Recorded Commercial and industrial — $ — 1 $ 124
Summary of Properties Included in Other Real Estate Owned (OREO)	The table below details the properties included in other real estate owned (“OREO”) as of March 31, 2016 and December 31, 2015. There was one collateralized consumer residential mortgage loan for $556 thousand in the process of foreclosure as of March 31, 2016. As of March 31, 2016 As of December 31, 2015 (Dollars in thousands) No. of Carrying No. of Carrying Residential 3 $ 1,224 3 $ 540 Land lots 7 413 7 413 Convenience stores 1 59 2 191 Restaurant 1 55 1 55 Commerical properties 4 1,009 3 671 Total 16 $ 2,760 16 $ 1,870

Earnings per share (Tables)

Earnings per share (Tables)	3 Months Ended
	Mar. 31, 2016
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. For the three months ended March 31, 2016 March 31, 2015 Average Per share Average Per share Basic earnings per share 4,774,856 $ 0.11 4,809,856 $ 0.08 Effect of dilutive securities: Stock options 16,283 11,283 Diluted earnings per share 4,791,139 $ 0.11 4,821,139 $ 0.08

Stock-Based Compensation (Table

Stock-Based Compensation (Tables)	3 Months Ended
	Mar. 31, 2016
Fair Value of Options	The variables used in these calculations of the fair value of the options are as follows: For the three months ended March 31, 2016 2015 Risk free interest rate (5 year Treasury) 1.49 % 1.52 % Expected dividend yield 0.0 % 0.0 % Expected term (years) 5 5 Expected volatility 40.1 % 47.1 %
Summary of Stock Option Activity	Stock option activity for the three months ended March 31, 2016 (unaudited) is summarized below: Shares Weighted Average Weighted Aggregate Options outstanding, January 1, 2016 211,185 $ 6.57 6.0 Granted 7,500 5.76 Forfeited — — Exercised — — Expired — — Options outstanding and exercisable, March 31, 2016 218,685 $ 6.54 5.9 $ 69,619 (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 March 31, 2016. This amount changes based on changes in the market value of the Company’s common stock.

Employee Benefit Plans (Tables)

Employee Benefit Plans (Tables)	3 Months Ended
	Mar. 31, 2016
Components of Net Periodic (Benefit) Cost	Components of Net Periodic (Benefit) Cost (Dollars in thousands) Pension Benefits Post-Retirement Benefits Three months ended March 31, 2016 2015 2016 2015 Service cost $ — $ — $ 6 $ 6 Interest cost 35 33 7 7 Expected return on plan assets (48 ) (49 ) — — Amortization of unrecognized net loss — — — — Recognized net actuarial loss 19 17 — — Net periodic cost $ 6 $ 1 $ 13 $ 13

Long Term Debt (Tables)

Long Term Debt (Tables)	3 Months Ended
	Mar. 31, 2016
Advances of Long Term Debt	The six advances are shown in the following table. Current Maturity Description Balance Originated Interest Rate Date Adjustable Rate Hybrid $ 10,000,000 4/12/2013 3.00210 % 4/13/2020 Fixed Rate Credit 5,000,000 10/20/2014 0.47000 % 4/20/2016 Adjustable Rate Credit 5,000,000 6/18/2015 0.65900 % 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 $ 35,000,000
Subordinated Debt	(Dollars in thousands) Balance as of 6.5% Subordinated Debt $ 7,000 Less: Issuance costs (152 ) $ 6,848

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	3 Months Ended
	Mar. 31, 2016
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 March 31, 2016 and December 31, 2015: (Dollars in thousands) Fair Value Measurements at March 31, 2016 Using Description Balance Level 1 Level 2 Level 3 Securities available-for-sale: Corporate bonds $ 4,439 $ — $ — $ 4,439 U. S. Government agencies 20,878 1,155 19,723 — State and municipal obligations 26,835 — 26,835 — Total securities available-for-sale: $ 52,152 $ 1,155 $ 46,558 $ 4,439 Mortgage servicing rights $ 648 $ — $ — $ 648 Defined benefit plan assets: Cash and cash equivalents $ 3 $ 3 $ — $ — Mutual funds - fixed income 1,026 1,026 — — Mutual funds - equity 1,552 1,552 — — Total defined benefit plan assets $ 2,581 $ 2,581 $ — $ — 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 — Total securities available-for-sale: $ 54,090 $ 1,216 $ 48,929 $ 3,945 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 $ — $ —
Reconciliation of Items Using Level Three Inputs	The reconciliation of items using Level 3 inputs is as follows: Corporate (Dollars in thousands) MSRs Bonds Balance, January 1, 2016 $ 658 $ 3,945 Purchases — 495 Impairments — — Fair value adjustments (10 ) (1 ) Sales — — Balance, March 31, 2016 $ 648 $ 4,439
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 March 31, 2016 Using (Dollars in thousands) Balance as of Description March 31, 2016 Level 1 Level 2 Level 3 Impaired Loans, net $ 4,388 $ — $ — $ 4,388 Other real estate owned, net 2,760 — — 2,760 Fair Value Measurements at December 31, 2015 Using Description Balance as of Level 1 Level 2 Level 3 Impaired Loans, net $ 3,868 $ — $ — $ 3,868 Other real estate owned, net 1,870 — — 1,870
Summary of Quantitative Fair Value Measurements for Level 3	The following table displays quantitative information about Level 3 Fair Value Measurements as of March 31, 2016: (Dollars in thousands) Balance as of Valuation Technique Unobservable Input Range (Weighted Impaired Loans, net $ 4,388 Discounted appraised value Selling Cost 10% - 25% (11% ) Lack of Marketability 50% - 80% (66% ) Other real estate owned, net 2,760 Discounted appraised value Selling Cost 3% - 13% (5% ) Lack of Marketability 10% - 20% (12% ) The following table displays quantitative information about Level 3 Fair Value Measurements as of December 31, 2015: (Dollars in thousands) Balance as of Valuation Technique Unobservable Input Range (Weighted 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% )
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 March 31, 2016 Using (Dollars in thousands) Balance as of Fair Value as of Description March 31, 2016 March 31, 2016 Level 1 Level 2 Level 3 Financial Assets: Cash and due from banks $ 4,649 $ 4,649 $ 4,649 $ — $ — Interest-bearing deposits 6,019 6,019 6,019 — — Certificates of deposit 5,456 5,456 — 5,456 — Federal funds sold 330 330 330 — — Securities available-for-sale 52,152 52,152 1,155 46,558 4,439 Restricted securities 2,574 2,574 — — 2,574 Loans, net 345,635 352,506 — — 352,506 Loans held for sale 945 945 — — 945 Accrued interest receivable 1,284 1,284 — 1,284 — Mortgage servicing rights 648 648 — — 648 Financial Liabilities: Non-interest-bearing liabilities $ 65,879 $ 65,879 $ 65,879 $ — $ — Savings and other interest-bearing deposits 162,128 162,128 — 162,128 — Time deposits 128,606 129,599 — — 129,599 Securities sold under repurchase agreements 6,012 6,012 — 6,012 — FHLB advances 35,000 35,848 — 35,848 — Subordinated debt 6,848 7,000 — — 7,000 Accrued interest payable 222 222 — 222 — 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 — — Certificates of deposit 5,735 5,735 — 5,487 248 Federal funds sold 271 271 271 — — Securities available-for-sale 54,090 54,090 1,216 48,929 3,945 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 —

Changes in Accumulated Other 29

Changes in Accumulated Other Comprehensive Income (Loss) (Tables)	3 Months Ended
	Mar. 31, 2016
Balances in Accumulated Other Comprehensive Income (Loss)	The balances in accumulated other comprehensive income (loss) are shown in the following tables: For the Three Months Ended March 31, 2016 (Dollars in thousands) Net Unrealized Pension and Post-retirement Accumulated Other Balance January 1, 2016 $ 107 $ (883 ) $ (776 ) Change in net unrealized holding losses on securities, before reclassification, net of tax expense of $173 335 — 335 Reclassification for previously unrealized net gains recognized in income, net of tax expense of $2 (4 ) — (4 ) Balance March 31, 2016 $ 438 $ (883 ) $ (445 ) For the Three Months Ended March 31, 2015 (Dollars in thousands) Net Unrealized Pension and Post-retirement Accumulated Other Balance January 1, 2015 $ 45 $ (966 ) $ (921 ) Change in net unrealized holding gains on securities, before reclassification, net of tax expense of $103 198 — 198 Reclassification for previously unrealized net losses recognized in income, net of tax benefit of $1 3 — 3 Balance March 31, 2015 $ 246 $ (966 ) $ (720 )
Reclassification of Unrealized Gains (Losses) and Impairments on Securities	Reclassification for previously unrealized gains (losses) and impairments on securities are reported in the Consolidated Statements of Income as follows. No unrealized gains (losses) on pension and post-employment related costs were reclassified to the Consolidated Statements of Income in the three months ended March 31, 2016 and 2015. Accumulated Other Comprehensive Income (Loss) Reclassification for the Three Months Ended Holding Losses on Securities (In thousands) March 31, 2016 March 31, 2015 Net gains (losses) on sale of securities available-for-securities $ 6 $ (4 ) Tax (expense) benefit (2 ) 1 Impact on net income $ 4 $ (3 )

General - Additional Informatio

General - Additional Information (Detail)	3 Months Ended
	Mar. 31, 2016
Bank Of Lancaster
Organization Presentation And General [Line Items]
Percent of ownership	100.00%
Bay Trust Company
Organization Presentation And General [Line Items]
Percent of ownership	100.00%
Steptoes Holdings
Organization Presentation And General [Line Items]
Percent of ownership	100.00%

Significant Accounting Polici31

Significant Accounting Policies - Additional Information (Detail) - USD ($)	3 Months Ended		12 Months Ended
	Mar. 31, 2016	Mar. 31, 2015	Dec. 31, 2015
Significant Accounting Policies [Line Items]
Unrealized gains adjustment, net of tax	$ 331,000	$ 201,000
Unrealized market gain included in accumulated other comprehensive income, tax	$ 173,000	103,000
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	$ 150,292,000	151,305,000
Special Mention
Significant Accounting Policies [Line Items]
Loan Receivables	$ 2,842,000	$ 3,954,000
Loan due days	30 days
Certificates of deposit
Significant Accounting Policies [Line Items]
Unrealized market gain included in accumulated other comprehensive income, tax			$ 20,000
Certificates of deposit | Available-for-sale Securities
Significant Accounting Policies [Line Items]
Unrealized gains adjustment, net of tax			$ 31,000
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
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

Securities - Aggregate Amortize

Securities - Aggregate Amortized Costs and Fair Values of Available-for-Sale Securities Portfolio (Detail) - USD ($) $ in Thousands	Mar. 31, 2016	Dec. 31, 2015
Schedule of Available-for-sale Securities [Line Items]
Amortized Cost	$ 51,459	$ 53,924
Gross Unrealized Gains	738	382
Gross Unrealized (Losses)	(45)	(216)
Fair Value	52,152	54,090	[1]
US Government Agencies
Schedule of Available-for-sale Securities [Line Items]
Amortized Cost	20,739	21,375
Gross Unrealized Gains	167	69
Gross Unrealized (Losses)	(28)	(156)
Fair Value	20,878	21,288
State and Municipal Obligations
Schedule of Available-for-sale Securities [Line Items]
Amortized Cost	26,275	28,599
Gross Unrealized Gains	569	313
Gross Unrealized (Losses)	(9)	(55)
Fair Value	26,835	28,857
Corporate Bonds
Schedule of Available-for-sale Securities [Line Items]
Amortized Cost	4,445	3,950
Gross Unrealized Gains	2
Gross Unrealized (Losses)	(8)	(5)
Fair Value	$ 4,439	$ 3,945
[1]	Derived from Audited December 31, 2015 Financial Statements.

Securities - Gross Realized Gai

Securities - Gross Realized Gains and Gross Realized Losses on Sales of Securities (Detail) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Schedule of Available-for-sale Securities [Line Items]
Gross realized gains	$ 15
Gross realized losses	(9)	$ (4)
Net realized gains (losses)	6	(4)
Aggregate proceeds	$ 2,702	$ 614

Investment Securities - Additio

Investment Securities - Additional Information (Detail) $ in Thousands	3 Months Ended
	Mar. 31, 2016USD ($)Bond	Mar. 31, 2015	Dec. 31, 2015USD ($)Bond
Schedule of Available-for-sale Securities [Line Items]
Average yields (taxable equivalent) on securities	3.03%	2.46%
Market value of securities	$ 8,800		$ 8,600
Securities sold under repurchase agreements	6,012		7,161	[1]
Company's investment in Federal Home Loan Bank stock	1,900		2,000
Company's investment in Federal Reserve Bank stock	$ 505		$ 505
US Government Agencies
Schedule of Available-for-sale Securities [Line Items]
Bonds with unrealized loss positions | Bond	8		24
Municipal Securities
Schedule of Available-for-sale Securities [Line Items]
Bonds with unrealized loss positions | Bond	5		17
Corporate Bonds
Schedule of Available-for-sale Securities [Line Items]
Bonds with unrealized loss positions | Bond	1		1
[1]	Derived from Audited December 31, 2015 Financial Statements.

Securities - Unrealized Loss Po

Securities - Unrealized Loss Positions (Detail) - USD ($) $ in Thousands	Mar. 31, 2016	Dec. 31, 2015
Schedule of Available-for-sale Securities [Line Items]
Less than 12 months, Fair Value	$ 3,074	$ 16,932
Less than 12 months, Unrealized Loss	(22)	(163)
12 months or more, Fair Value	2,967	4,900
12 months or more, Unrealized Loss	(23)	(53)
Fair Value, Total	6,041	21,832
Total Unrealized Loss	(45)	(216)
Corporate Bonds
Schedule of Available-for-sale Securities [Line Items]
Less than 12 months, Fair Value	493	495
Less than 12 months, Unrealized Loss	(8)	(5)
Fair Value, Total	493	495
Total Unrealized Loss	(8)	(5)
US Government Agencies
Schedule of Available-for-sale Securities [Line Items]
Less than 12 months, Fair Value	1,511	13,871
Less than 12 months, Unrealized Loss	(7)	(141)
12 months or more, Fair Value	2,344	1,619
12 months or more, Unrealized Loss	(21)	(15)
Fair Value, Total	3,855	15,490
Total Unrealized Loss	(28)	(156)
State and Municipal Obligations
Schedule of Available-for-sale Securities [Line Items]
Less than 12 months, Fair Value	1,070	2,566
Less than 12 months, Unrealized Loss	(7)	(17)
12 months or more, Fair Value	623	3,281
12 months or more, Unrealized Loss	(2)	(38)
Fair Value, Total	1,693	5,847
Total Unrealized Loss	$ (9)	$ (55)

Loans - Summary of Balances of

Loans - Summary of Balances of Loans (Detail) - USD ($) $ in Thousands	Mar. 31, 2016	Dec. 31, 2015
Summary of balances of loans
Total loans	$ 349,399	$ 347,222
Net unamortized deferred loan costs	343	324
Allowance for loan losses	(4,107)	(4,223)	[1]
Loans, net	345,635	343,323	[1]
Construction, Land and Land Development
Summary of balances of loans
Total loans	38,954	42,129
Farmland
Summary of balances of loans
Total loans	1,005	1,030
Commercial Mortgages (Non-Owner Occupied)
Summary of balances of loans
Total loans	30,118	29,086
Commercial Mortgages (Owner Occupied)
Summary of balances of loans
Total loans	47,225	43,956
Residential First Mortgages
Summary of balances of loans
Total loans	167,478	164,405
Residential Revolving and Junior Mortgages
Summary of balances of loans
Total loans	26,592	26,497
Commercial and Industrial
Summary of balances of loans
Total loans	32,990	35,104
Allowance for loan losses	(579)	(599)
Consumer and Other Loans
Summary of balances of loans
Total loans	5,037	5,015
Allowance for loan losses	$ (118)	$ (122)
[1]	Derived from Audited December 31, 2015 Financial Statements.

Loans - Additional Informations

Loans - Additional Informations (Detail)	3 Months Ended
	Mar. 31, 2016
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	Mar. 31, 2016	Dec. 31, 2015
Accounts, Notes, Loans and Financing Receivable [Line Items]
30-89 Days Past Due	$ 2,517	$ 1,906
90 Days or More Past Due and Still Accruing		11
Nonaccruals	5,123	6,433
Total Past Due and Nonaccruals	7,640	8,350
Current	341,759	338,872
Total Gross Loans	349,399	347,222
Construction, Land and Land Development
Accounts, Notes, Loans and Financing Receivable [Line Items]
30-89 Days Past Due	63	93
Nonaccruals	646	672
Total Past Due and Nonaccruals	709	765
Current	38,245	41,364
Total Gross Loans	38,954	42,129
Farmland
Accounts, Notes, Loans and Financing Receivable [Line Items]
Current	1,005	1,030
Total Gross Loans	1,005	1,030
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	30,118	28,822
Total Gross Loans	30,118	29,086
Commercial Mortgages (Owner Occupied)
Accounts, Notes, Loans and Financing Receivable [Line Items]
30-89 Days Past Due	393	133
Nonaccruals	1,638	2,350
Total Past Due and Nonaccruals	2,031	2,483
Current	45,194	41,473
Total Gross Loans	47,225	43,956
Residential First Mortgages
Accounts, Notes, Loans and Financing Receivable [Line Items]
30-89 Days Past Due	1,905	1,304
Nonaccruals	2,461	2,841
Total Past Due and Nonaccruals	4,366	4,145
Current	163,112	160,260
Total Gross Loans	167,478	164,405
Residential Revolving and Junior Mortgages
Accounts, Notes, Loans and Financing Receivable [Line Items]
30-89 Days Past Due	55	70
Nonaccruals	76	277
Total Past Due and Nonaccruals	131	347
Current	26,461	26,150
Total Gross Loans	26,592	26,497
Commercial and Industrial
Accounts, Notes, Loans and Financing Receivable [Line Items]
30-89 Days Past Due		10
Nonaccruals	278	285
Total Past Due and Nonaccruals	278	295
Current	32,712	34,809
Total Gross Loans	32,990	35,104
Consumer and Other Loans
Accounts, Notes, Loans and Financing Receivable [Line Items]
30-89 Days Past Due	101	32
90 Days or More Past Due and Still Accruing		11
Nonaccruals	24	8
Total Past Due and Nonaccruals	125	51
Current	4,912	4,964
Total Gross Loans	$ 5,037	$ 5,015

Allowance for Loan Losses - Loa

Allowance for Loan Losses - Loan Receivables Evaluated for Impairment Individually and Collectively by Segment (Detail) - USD ($) $ in Thousands	Mar. 31, 2016	Dec. 31, 2015
Accounts, Notes, Loans and Financing Receivable [Line Items]
Individually evaluated for impairment	$ 13,338	$ 10,826
Collectively evaluated for impairment	336,061	336,396
Total Gross Loans	349,399	347,222
Mortgage Loans on Real Estate
Accounts, Notes, Loans and Financing Receivable [Line Items]
Individually evaluated for impairment	13,063	10,542
Collectively evaluated for impairment	298,309	296,561
Total Gross Loans	311,372	307,103
Commercial and Industrial
Accounts, Notes, Loans and Financing Receivable [Line Items]
Individually evaluated for impairment	275	284
Collectively evaluated for impairment	32,715	34,820
Total Gross Loans	32,990	35,104
Consumer and Other Loans
Accounts, Notes, Loans and Financing Receivable [Line Items]
Collectively evaluated for impairment	5,037	5,015
Total Gross Loans	$ 5,037	$ 5,015

Allowance for Loan Losses - All

Allowance for Loan Losses - Allowance for Loan Losses Disaggregated Based on Loan Receivables Evaluated for Impairment Individually and Collectively by Segment (Detail) - USD ($) $ in Thousands	Mar. 31, 2016	Dec. 31, 2015
Accounts, Notes, Loans and Financing Receivable [Line Items]
Individually evaluated for impairment	$ 1,357	$ 1,534
Collectively evaluated for impairment	2,750	2,689
Total allowance for loan losses	4,107	4,223	[1]
Mortgage Loans on Real Estate
Accounts, Notes, Loans and Financing Receivable [Line Items]
Individually evaluated for impairment	1,082	1,256
Collectively evaluated for impairment	2,328	2,246
Total allowance for loan losses	3,410	3,502
Commercial and Industrial
Accounts, Notes, Loans and Financing Receivable [Line Items]
Individually evaluated for impairment	275	278
Collectively evaluated for impairment	304	321
Total allowance for loan losses	579	599
Consumer and Other Loans
Accounts, Notes, Loans and Financing Receivable [Line Items]
Collectively evaluated for impairment	118	122
Total allowance for loan losses	$ 118	$ 122
[1]	Derived from Audited December 31, 2015 Financial Statements.

Allowance for Loan Losses - A41

Allowance for Loan Losses - Allowance for Loan Losses by Portfolio Segment (Detail) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
ALLOWANCE FOR LOAN LOSSES:
Beginning Balance	$ 4,223	$ 3,205
(Charge-offs)	(94)	(33)
Recoveries	13	10
(Recovery) provision	(35)	65
Provision		65
Ending Balance	4,107	3,247
Mortgage Loans on Real Estate
ALLOWANCE FOR LOAN LOSSES:
Beginning Balance	3,502	2,778
(Charge-offs)	(83)	(1)
Recoveries	6	5
(Recovery) provision	(15)
Provision		(19)
Ending Balance	3,410	2,763
Commercial and Industrial
ALLOWANCE FOR LOAN LOSSES:
Beginning Balance	599	323
Recoveries	5
(Recovery) provision	(25)
Provision		(8)
Ending Balance	579	315
Consumer and Other Loans
ALLOWANCE FOR LOAN LOSSES:
Beginning Balance	122	104
(Charge-offs)	(11)	(32)
Recoveries	2	5
(Recovery) provision	5
Provision		92
Ending Balance	$ 118	$ 169

Allowance for Loan Losses - Add

Allowance for Loan Losses - Additional Information (Detail)	3 Months Ended
	Mar. 31, 2016USD ($)Property	Mar. 31, 2015USD ($)	Dec. 31, 2015Property	Apr. 30, 2015USD ($)Property
Accounts, Notes, Loans and Financing Receivable [Line Items]
Period of nonperforming loans	90 days
Non-accruing loans excluded from impaired loan	$ 72,000	$ 95,000
Non-accruing loans accrued interest	$ 2,000	$ 9,000
No. of Properties | Property	16		16
Residential
Accounts, Notes, Loans and Financing Receivable [Line Items]
Residential properties collateralized with loan | Property	1
Residential mortgage loan amount	$ 556,000
No. of Properties | Property	3		3
Residential | Other assets
Accounts, Notes, Loans and Financing Receivable [Line Items]
Properties marketed for sale, value	$ 724,000
No. of Properties | Property	1
Branch Office | Other assets
Accounts, Notes, Loans and Financing Receivable [Line Items]
Properties marketed for sale, value				$ 390,000
No. of Properties | Property				1
Residential First Mortgages
Accounts, Notes, Loans and Financing Receivable [Line Items]
Minimum balance in order to assign a risk rating grade	$ 1,000,000
Consumer and Other Loans
Accounts, Notes, Loans and Financing Receivable [Line Items]
Minimum balance in order to assign a risk rating grade	$ 250,000

Allowance for Loan Losses - Int

Allowance for Loan Losses - Internal Risk Rating Grades (Detail) - USD ($) $ in Thousands	Mar. 31, 2016	Mar. 31, 2015
INTERNAL RISK RATING GRADES
Loan Receivables	$ 150,292	$ 151,305
Pass
INTERNAL RISK RATING GRADES
Loan Receivables	121,605	122,386
Watch
INTERNAL RISK RATING GRADES
Loan Receivables	20,639	20,071
Special Mention
INTERNAL RISK RATING GRADES
Loan Receivables	2,842	3,954
Substandard
INTERNAL RISK RATING GRADES
Loan Receivables	5,206	4,894
Construction, Land and Land Development
INTERNAL RISK RATING GRADES
Loan Receivables	38,954	42,129
Construction, Land and Land Development | Pass
INTERNAL RISK RATING GRADES
Loan Receivables	31,601	34,692
Construction, Land and Land Development | Watch
INTERNAL RISK RATING GRADES
Loan Receivables	5,307	5,337
Construction, Land and Land Development | Special Mention
INTERNAL RISK RATING GRADES
Loan Receivables		1,119
Construction, Land and Land Development | Substandard
INTERNAL RISK RATING GRADES
Loan Receivables	2,046	981
Farmland
INTERNAL RISK RATING GRADES
Loan Receivables	1,005	1,030
Farmland | Pass
INTERNAL RISK RATING GRADES
Loan Receivables	1,005	1,030
Commercial Mortgages (Non-Owner Occupied)
INTERNAL RISK RATING GRADES
Loan Receivables	30,118	29,086
Commercial Mortgages (Non-Owner Occupied) | Pass
INTERNAL RISK RATING GRADES
Loan Receivables	25,331	24,258
Commercial Mortgages (Non-Owner Occupied) | Watch
INTERNAL RISK RATING GRADES
Loan Receivables	4,539	4,564
Commercial Mortgages (Non-Owner Occupied) | Substandard
INTERNAL RISK RATING GRADES
Loan Receivables	248	264
Commercial Mortgages (Owner Occupied)
INTERNAL RISK RATING GRADES
Loan Receivables	47,225	43,956
Commercial Mortgages (Owner Occupied) | Pass
INTERNAL RISK RATING GRADES
Loan Receivables	33,824	33,023
Commercial Mortgages (Owner Occupied) | Watch
INTERNAL RISK RATING GRADES
Loan Receivables	8,155	4,968
Commercial Mortgages (Owner Occupied) | Special Mention
INTERNAL RISK RATING GRADES
Loan Receivables	2,696	2,687
Commercial Mortgages (Owner Occupied) | Substandard
INTERNAL RISK RATING GRADES
Loan Receivables	2,550	3,278
Commercial and Industrial
INTERNAL RISK RATING GRADES
Loan Receivables	32,990	35,104
Commercial and Industrial | Pass
INTERNAL RISK RATING GRADES
Loan Receivables	29,844	29,383
Commercial and Industrial | Watch
INTERNAL RISK RATING GRADES
Loan Receivables	2,638	5,202
Commercial and Industrial | Special Mention
INTERNAL RISK RATING GRADES
Loan Receivables	146	148
Commercial and Industrial | Substandard
INTERNAL RISK RATING GRADES
Loan Receivables	$ 362	$ 371

Allowance for Loan Losses - Per

Allowance for Loan Losses - Performing and Non Performing Loans (Detail) - USD ($) $ in Thousands	Mar. 31, 2016		Dec. 31, 2015
Performing and non performing loans
Loan receivables	$ 199,107		$ 195,917
Performing
Performing and non performing loans
Loan receivables	196,546		192,780
Nonperforming
Performing and non performing loans
Loan receivables	2,561		3,137
Residential First Mortgages
Performing and non performing loans
Loan receivables	167,478	[1]	164,405	[2]
Residential First Mortgages | Performing
Performing and non performing loans
Loan receivables	165,017	[1]	161,564	[2]
Residential First Mortgages | Nonperforming
Performing and non performing loans
Loan receivables	2,461	[1]	2,841	[2]
Residential Revolving and Junior Mortgages
Performing and non performing loans
Loan receivables	26,592	[3]	26,497	[4]
Residential Revolving and Junior Mortgages | Performing
Performing and non performing loans
Loan receivables	26,516	[3]	26,220	[4]
Residential Revolving and Junior Mortgages | Nonperforming
Performing and non performing loans
Loan receivables	76	[3]	277	[4]
Consumer and Other Loans
Performing and non performing loans
Loan receivables	5,037	[5]	5,015	[6]
Consumer and Other Loans | Performing
Performing and non performing loans
Loan receivables	5,013	[5]	4,996	[6]
Consumer and Other Loans | Nonperforming
Performing and non performing loans
Loan receivables	$ 24	[5]	$ 19	[6]
[1]	Residential First Mortgages which have been assigned a risk rating grade of Substandard totaled $4.0 million as of March 31, 2016.
[2]	Residential First Mortgages which have been assigned a risk rating grade of Substandard totaled $3.9 million as of December 31, 2015.
[3]	Residential Revolving and Junior Mortgages which have been assigned a risk rating grade of Substandard totaled $1.1 million as of March 31, 2016.
[4]	Residential Revolving and Junior Mortgages which have been assigned a risk rating grade of Substandard totaled $372 thousand as of December 31, 2015.
[5]	Consumer Loans which have been assigned a risk rating grade of Substandard were $24 thousand as of March 31, 2016.
[6]	No consumer Loans which have been assigned a risk rating grade of Substandard as of December 31, 2015.

Allowance for Loan Losses - P45

Allowance for Loan Losses - Performing and Non Performing Loans (Parenthetical) (Detail) - USD ($) $ in Thousands	Mar. 31, 2016		Dec. 31, 2015
Accounts, Notes, Loans and Financing Receivable [Line Items]
Risk rating grade totaled	$ 199,107		$ 195,917
Residential First Mortgages
Accounts, Notes, Loans and Financing Receivable [Line Items]
Risk rating grade totaled	167,478	[1]	164,405	[2]
Residential Revolving and Junior Mortgages
Accounts, Notes, Loans and Financing Receivable [Line Items]
Risk rating grade totaled	26,592	[3]	26,497	[4]
Consumer and Other Loans
Accounts, Notes, Loans and Financing Receivable [Line Items]
Risk rating grade totaled	5,037	[5]	5,015	[6]
Substandard | Residential First Mortgages
Accounts, Notes, Loans and Financing Receivable [Line Items]
Risk rating grade totaled	4,000		3,900
Substandard | Residential Revolving and Junior Mortgages
Accounts, Notes, Loans and Financing Receivable [Line Items]
Risk rating grade totaled	1,100		372
Substandard | Consumer and Other Loans
Accounts, Notes, Loans and Financing Receivable [Line Items]
Risk rating grade totaled	$ 24		$ 0
[1]	Residential First Mortgages which have been assigned a risk rating grade of Substandard totaled $4.0 million as of March 31, 2016.
[2]	Residential First Mortgages which have been assigned a risk rating grade of Substandard totaled $3.9 million as of December 31, 2015.
[3]	Residential Revolving and Junior Mortgages which have been assigned a risk rating grade of Substandard totaled $1.1 million as of March 31, 2016.
[4]	Residential Revolving and Junior Mortgages which have been assigned a risk rating grade of Substandard totaled $372 thousand as of December 31, 2015.
[5]	Consumer Loans which have been assigned a risk rating grade of Substandard were $24 thousand as of March 31, 2016.
[6]	No consumer Loans which have been assigned a risk rating grade of Substandard as of December 31, 2015.

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		3 Months Ended
		Mar. 31, 2016	Mar. 31, 2015	Dec. 31, 2015
Accounts, Notes, Loans and Financing Receivable [Line Items]
With no related allowance, Recorded Investment		$ 7,593		$ 5,424
With no related allowance, Customers' Unpaid Principal Balance		7,685		5,504
With an allowance recorded, Recorded Investment		5,745		5,402
With an allowance recorded, Customers' Unpaid Principal Balance		6,045		5,689
With an allowance recorded, Related Allowance		1,357		1,534
Total Impaired Loans, Recorded Investment		13,338		10,826
Total Impaired Loans, Customers' Unpaid Principal Balance		13,730		11,193
Total Impaired Loans, Related Allowance		1,357		1,534
With no related allowance, Average Recorded Investment		5,588	$ 3,827
With no related allowance, Interest Income Recognized		70	31
With an allowance recorded, Average Recorded Investment		5,962	3,077
With an allowance recorded, Interest Income Recognized		41	33
Total, Average Recorded Investment		11,550	6,904
Total, Interest Income Recognized		111	64
Construction, Land and Land Development
Accounts, Notes, Loans and Financing Receivable [Line Items]
With no related allowance, Recorded Investment		1,536		445
With no related allowance, Customers' Unpaid Principal Balance		1,542		451
With an allowance recorded, Recorded Investment		257		262
With an allowance recorded, Customers' Unpaid Principal Balance		289		290
With an allowance recorded, Related Allowance		115		120
Total Impaired Loans, Recorded Investment		1,793		707
Total Impaired Loans, Customers' Unpaid Principal Balance		1,831		741
Total Impaired Loans, Related Allowance		115		120
With no related allowance, Average Recorded Investment		991	450
With no related allowance, Interest Income Recognized		14
With an allowance recorded, Average Recorded Investment		260	275
With an allowance recorded, Interest Income Recognized		1	1
Total, Average Recorded Investment		1,251	725
Total, Interest Income Recognized		15	1
Residential First Mortgages
Accounts, Notes, Loans and Financing Receivable [Line Items]
With no related allowance, Recorded Investment		3,525		3,130
With no related allowance, Customers' Unpaid Principal Balance		3,573		3,166
With an allowance recorded, Recorded Investment		2,903		2,507
With an allowance recorded, Customers' Unpaid Principal Balance		2,907		2,507
With an allowance recorded, Related Allowance		192		308
Total Impaired Loans, Recorded Investment		6,428		5,637
Total Impaired Loans, Customers' Unpaid Principal Balance		6,480		5,673
Total Impaired Loans, Related Allowance		192		308
With no related allowance, Average Recorded Investment		2,783	1,566
With no related allowance, Interest Income Recognized		26	18
With an allowance recorded, Average Recorded Investment		2,905	2,169
With an allowance recorded, Interest Income Recognized		21	26
Total, Average Recorded Investment		5,688	3,735
Total, Interest Income Recognized		47	44
Residential Revolving and Junior Mortgages
Accounts, Notes, Loans and Financing Receivable [Line Items]
With no related allowance, Recorded Investment	[1]	886		233
With no related allowance, Customers' Unpaid Principal Balance	[1]	887		233
With an allowance recorded, Recorded Investment	[1]	360		258
With an allowance recorded, Customers' Unpaid Principal Balance	[1]	360		259
With an allowance recorded, Related Allowance	[1]	157		150
Total Impaired Loans, Recorded Investment	[1]	1,246		491
Total Impaired Loans, Customers' Unpaid Principal Balance	[1]	1,247		492
Total Impaired Loans, Related Allowance	[1]	157		150
With no related allowance, Average Recorded Investment	[1]	468	50
With no related allowance, Interest Income Recognized	[1]	9	1
With an allowance recorded, Average Recorded Investment	[1]	309	173
With an allowance recorded, Interest Income Recognized	[1]	4	2
Total, Average Recorded Investment	[1]	777	223
Total, Interest Income Recognized	[1]	13	3
Commercial Mortgages (Non-Owner Occupied)
Accounts, Notes, Loans and Financing Receivable [Line Items]
With no related allowance, Recorded Investment		248		264
With no related allowance, Customers' Unpaid Principal Balance		248		264
Total Impaired Loans, Recorded Investment		248		264
Total Impaired Loans, Customers' Unpaid Principal Balance		248		264
With no related allowance, Average Recorded Investment		256	264
With no related allowance, Interest Income Recognized		4	4
Total, Average Recorded Investment		256	264
Total, Interest Income Recognized		4	4
Commercial Mortgages (Owner Occupied)
Accounts, Notes, Loans and Financing Receivable [Line Items]
With no related allowance, Recorded Investment		1,398		1,352
With no related allowance, Customers' Unpaid Principal Balance		1,435		1,390
With an allowance recorded, Recorded Investment		1,950		2,091
With an allowance recorded, Customers' Unpaid Principal Balance		2,212		2,348
With an allowance recorded, Related Allowance		618		678
Total Impaired Loans, Recorded Investment		3,348		3,443
Total Impaired Loans, Customers' Unpaid Principal Balance		3,647		3,738
Total Impaired Loans, Related Allowance		618		678
With no related allowance, Average Recorded Investment		1,090	1,430
With no related allowance, Interest Income Recognized		17	8
With an allowance recorded, Average Recorded Investment		2,208	449
With an allowance recorded, Interest Income Recognized		14	4
Total, Average Recorded Investment		3,298	1,879
Total, Interest Income Recognized		31	12
Commercial and Industrial
Accounts, Notes, Loans and Financing Receivable [Line Items]
With an allowance recorded, Recorded Investment		275		284
With an allowance recorded, Customers' Unpaid Principal Balance		277		285
With an allowance recorded, Related Allowance		275		278
Total Impaired Loans, Recorded Investment		275		284
Total Impaired Loans, Customers' Unpaid Principal Balance		277		285
Total Impaired Loans, Related Allowance		275		$ 278
With no related allowance, Average Recorded Investment			62
With an allowance recorded, Average Recorded Investment		280
With an allowance recorded, Interest Income Recognized		1
Total, Average Recorded Investment		280	62
Total, Interest Income Recognized		$ 1
Consumer and Other Loans
Accounts, Notes, Loans and Financing Receivable [Line Items]
With no related allowance, Average Recorded Investment	[2]		5
With an allowance recorded, Average Recorded Investment	[2]		11
Total, Average Recorded Investment	[2]		$ 16
[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) - Commercial and Industrial $ in Thousands		3 Months Ended
		Mar. 31, 2015USD ($)Loan	Sep. 30, 2014USD ($)Loan
Accounts, Notes, Loans and Financing Receivable [Line Items]
Number of Loans | Loan	[1]	1
Pre-Modification Outstanding Recorded Investment	[1]	$ 124
Post-Modification Outstanding Recorded Investment	[1]	$ 124
Subsequently defaulted number of loans | Loan			1
Subsequently defaulted recorded investment			$ 124
[1]	Modifications were an extension of loan terms.

Other Real Estate Owned Net - S

Other Real Estate Owned Net - Summary of Properties Included in Other Real Estate Owned (OREO) (Detail) $ in Thousands	Mar. 31, 2016USD ($)Property	Dec. 31, 2015USD ($)Property
Real Estate Properties [Line Items]
No. of Properties | Property	16	16
Carrying Value | $	$ 2,760	$ 1,870	[1]
Residential
Real Estate Properties [Line Items]
No. of Properties | Property	3	3
Carrying Value | $	$ 1,224	$ 540
Land lots
Real Estate Properties [Line Items]
No. of Properties | Property	7	7
Carrying Value | $	$ 413	$ 413
Convenience Stores
Real Estate Properties [Line Items]
No. of Properties | Property	1	2
Carrying Value | $	$ 59	$ 191
Restaurant
Real Estate Properties [Line Items]
No. of Properties | Property	1	1
Carrying Value | $	$ 55	$ 55
Commercial properties
Real Estate Properties [Line Items]
No. of Properties | Property	4	3
Carrying Value | $	$ 1,009	$ 671
[1]	Derived from Audited December 31, 2015 Financial Statements.

Earnings per share - Weighted A

Earnings per share - Weighted Average Number of Shares Used in Computing Earnings Per Share (Detail) - $ / shares	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Earnings Per Share, Diluted, by Common Class, Including Two Class Method [Line Items]
Basic earnings per share	4,774,856	4,809,856
Effect of dilutive securities:
Stock options	16,283	11,283
Diluted earnings per share	4,791,139	4,821,139
Basic earnings per share	$ 0.11	$ 0.08
Diluted earnings per share	$ 0.11	$ 0.08

Earnings Per Share - Additional

Earnings Per Share - Additional Information (Detail) - shares	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Computation Of Earnings Per Share Line Items
Shares not included in computing diluted earnings per share because effects were anti-dilutive	68,473	76,207

Stock-Based Compensation Plans

Stock-Based Compensation Plans - Additional Information (Detail) - USD ($)	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares available for grant	342,000
Stock-based compensation expense	$ 16,000	$ 17,000
Unrecognized compensation expenses related to stock award	$ 0
Options granted	7,500	7,500
Options vested	7,500	7,500
Aggregate fair value of options granted	$ 16,000	$ 17,000

Stock-Based Compensation - Fair

Stock-Based Compensation - Fair Value of Options (Detail)	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Risk free interest rate (5 year Treasury)	1.49%	1.52%
Expected dividend yield	0.00%	0.00%
Expected term (years)	5 years	5 years
Expected volatility	40.10%	47.10%

Stock-Based Compensation - Fa53

Stock-Based Compensation - Fair Value of Options (Parenthetical) (Detail)	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
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 ($)		3 Months Ended		12 Months Ended
		Mar. 31, 2016	Mar. 31, 2015	Dec. 31, 2015
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Options outstanding, beginning		211,185
Granted, shares		7,500	7,500
Forfeited, shares		0
Exercised, shares		0
Expired, shares		0
Options outstanding and exercisable, ending		218,685		211,185
Options outstanding, beginning, Weighted Average Exercise Price		$ 6.57
Granted, Weighted Average Exercise Price		5.76
Forfeited, Weighted Average Exercise Price		0
Exercised, Weighted Average Exercise Price		0
Expired, Weighted Average Exercise Price		0
Options outstanding and exercisable, ending, Weighted Average Exercise Price		$ 6.54		$ 6.57
Options outstanding and exercisable, ending, Weighted Average Remaining Contractual Life		5 years 10 months 24 days		6 years
Options outstanding and exercisable, ending, Aggregate Intrinsic Value	[1]	$ 69,619
[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 March 31, 2016. This amount changes based on changes in the market value of the Company's common stock.

Employee Benefit Plans - Additi

Employee Benefit Plans - Additional Information (Detail)	3 Months Ended
	Mar. 31, 2016USD ($)Age
Defined Contribution Plan Disclosure [Line Items]
Minimum age of full-time employees | Age	21
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
Pension Plan, Defined Benefit
Defined Contribution Plan Disclosure [Line Items]
Expected employer contribution | $	$ 0
Other Postretirement Benefit Plan, Defined Benefit
Defined Contribution Plan Disclosure [Line Items]
Expected employer contribution | $	5,000
Employer contribution | $	$ 2,000

Employee Benefit Plans - Compon

Employee Benefit Plans - Components of Net Periodic Benefit Cost (Gain) (Detail) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Pension Plan, Defined Benefit
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Interest cost	$ 35	$ 33
Expected return on plan assets	(48)	(49)
Amortization of unrecognized net loss	0	0
Recognized net actuarial loss	19	17
Net periodic cost	6	1
Other Postretirement Benefit Plan, Defined Benefit
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Service cost	6	6
Interest cost	7	7
Amortization of unrecognized net loss	0	0
Net periodic cost	$ 13	$ 13

Long Term Debt - Additional Inf

Long Term Debt - Additional Information (Detail)	May. 28, 2015USD ($)	Mar. 31, 2016USD ($)Loan	Apr. 30, 2016USD ($)	Dec. 31, 2015USD ($)Loan
Debt Instrument [Line Items]
Federal Home Loan Bank advances		$ 35,000,000		$ 40,000,000	[1]
Number of FHLB debt advances | Loan		6		7
Repayment on Federal Home Loan Bank advances		$ 5,000,000
Immediate available credit		48,900,000
Total line of credit		$ 89,900,000
Weighted average interest rate		1.39%		1.17%
Subsequent Event | Federal Home Loan Bank Advances Five
Debt Instrument [Line Items]
Federal Home Loan Bank advances			$ 5,000,000
Subordinated Debt Due May 2025
Debt Instrument [Line Items]
Debt instrument, face amount	$ 7,000,000	$ 7,000,000
Debt instrument, coupon percentage	6.50%	6.50%
Debt instrument, maturity date	May 28, 2025
Debt instrument, frequency of payment	1st of March and September of each year, commencing September 1, 2015
[1]	Derived from Audited December 31, 2015 Financial Statements.

Long Term Debt - Advances of De

Long Term Debt - Advances of Debt (Detail) - USD ($)	3 Months Ended
	Mar. 31, 2016	Dec. 31, 2015	[1]
Debt Instrument [Line Items]
Federal Home Loan Bank advances	$ 35,000,000	$ 40,000,000
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	3.0021%
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 Four
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 Five
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 Six
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 Three
Debt Instrument [Line Items]
Federal Home Loan Bank advances	$ 5,000,000
Originated	Jun. 18, 2015
Current Interest Rate	0.659%
Maturity Date	Sep. 19, 2016
[1]	Derived from Audited December 31, 2015 Financial Statements.

Subordinated Debt (Detail)

Subordinated Debt (Detail) - USD ($)	3 Months Ended
	Mar. 31, 2016	Dec. 31, 2015	[1]	May. 28, 2015
Debt and Financial Instruments [Line Items]
Subordinated debt, net of issuance costs	$ 6,848,000	$ 6,844,000
Subordinated Debt Due May 2025
Debt and Financial Instruments [Line Items]
Debt instrument, face amount	7,000,000			$ 7,000,000
Less: Issuance costs	(152,000)
Subordinated debt, net of issuance costs	$ 6,848,000
[1]	Derived from Audited December 31, 2015 Financial Statements.

Subordinated Debt (Parenthetica

Subordinated Debt (Parenthetical) (Detail)	Mar. 31, 2016	May. 28, 2015
Subordinated Debt Due May 2025
Debt and Financial Instruments [Line Items]
Debt instrument, coupon percentage	6.50%	6.50%

Fair Value Measurements - Addit

Fair Value Measurements - Additional Information (Detail) - Fair Value, Measurements, Recurring - Fair Value, Inputs, Level 3 - Mortgage Servicing Rights	3 Months Ended	12 Months Ended
	Mar. 31, 2016$ / Loan	Dec. 31, 2015Loan$ / 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	6
Average PSA assumed rate	191.00%	163.00%
Discount rate	10.00%	11.00%
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	Mar. 31, 2016	Dec. 31, 2015
Securities available for sale:
Securities available-for-sale	$ 52,152	$ 54,090	[1]
Mortgage servicing rights	648	658	[1]
Defined benefit plan assets:
Defined Benefit Plan Fair Value Of Plan Assets	2,581	2,806
Corporate Bonds
Securities available for sale:
Securities available-for-sale	4,439	3,945
US Government Agencies
Securities available for sale:
Securities available-for-sale	20,878	21,288
State and Municipal Obligations
Securities available for sale:
Securities available-for-sale	26,835	28,857
Cash and Cash Equivalents
Defined benefit plan assets:
Defined Benefit Plan Fair Value Of Plan Assets	3	3
Fixed Income Funds
Defined benefit plan assets:
Defined Benefit Plan Fair Value Of Plan Assets	1,026	1,119
Equity Funds
Defined benefit plan assets:
Defined Benefit Plan Fair Value Of Plan Assets	1,552	1,684
Fair Value, Inputs, Level 1
Securities available for sale:
Securities available-for-sale	1,155	1,216
Defined benefit plan assets:
Defined Benefit Plan Fair Value Of Plan Assets	2,581	2,806
Fair Value, Inputs, Level 1 | US Government Agencies
Securities available for sale:
Securities available-for-sale	1,155	1,216
Fair Value, Inputs, Level 1 | Cash and Cash Equivalents
Defined benefit plan assets:
Defined Benefit Plan Fair Value Of Plan Assets	3	3
Fair Value, Inputs, Level 1 | Fixed Income Funds
Defined benefit plan assets:
Defined Benefit Plan Fair Value Of Plan Assets	1,026	1,119
Fair Value, Inputs, Level 1 | Equity Funds
Defined benefit plan assets:
Defined Benefit Plan Fair Value Of Plan Assets	1,552	1,684
Fair Value, Inputs, Level 2
Securities available for sale:
Securities available-for-sale	46,558	48,929
Fair Value, Inputs, Level 2 | US Government Agencies
Securities available for sale:
Securities available-for-sale	19,723	20,072
Fair Value, Inputs, Level 2 | State and Municipal Obligations
Securities available for sale:
Securities available-for-sale	26,835	28,857
Fair Value, Inputs, Level 3
Securities available for sale:
Securities available-for-sale	4,439	3,945
Mortgage servicing rights	648	658
Fair Value, Inputs, Level 3 | Corporate Bonds
Securities available for sale:
Securities available-for-sale	$ 4,439	$ 3,945
[1]	Derived from Audited December 31, 2015 Financial Statements.

Fair Value Measurements - Recon

Fair Value Measurements - Reconciliation of Items Using Level Three Inputs (Detail) $ in Thousands	3 Months Ended
	Mar. 31, 2016USD ($)
Mortgage Servicing Rights
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Beginning balance	$ 658
Impairments	0
Fair value adjustments	(10)
Sales	0
Ending balance	648
Corporate Bonds
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Beginning balance	3,945
Purchases	495
Impairments	0
Fair value adjustments	(1)
Sales	0
Ending balance	$ 4,439

Fair Value Measurements - Summa

Fair Value Measurements - Summary of Assets Measured at Fair Value on Nonrecurring Basis (Detail) - USD ($) $ in Thousands	Mar. 31, 2016	Dec. 31, 2015
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Impaired Loans, net	$ 4,388	$ 3,868
Other real estate owned, net	2,760	1,870
Fair Value, Inputs, Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Impaired Loans, net	4,388	3,868
Other real estate owned, net	$ 2,760	$ 1,870

Fair Value Measurements - Sum65

Fair Value Measurements - Summary of Quantitative Fair Value Measurements for Level 3 (Detail) - USD ($) $ in Thousands	3 Months Ended	12 Months Ended
	Mar. 31, 2016	Dec. 31, 2015
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Impaired Loans, net	$ 4,388	$ 3,868
Other real estate owned, net	$ 2,760	$ 1,870
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%	50.00%
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%	10.00%
Maximum | Impaired Loans
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Unobservable Input, Selling Cost	25.00%	25.00%
Unobservable Input, Lack of Marketability	80.00%	60.00%
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	11.00%	13.00%
Unobservable Input, Lack of Marketability	66.00%	51.00%
Weighted Average | Other Real Estate Owned
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Unobservable Input, Selling Cost	5.00%	4.00%
Unobservable Input, Lack of Marketability	12.00%	12.00%

Fair Value Measurements - Estim

Fair Value Measurements - Estimated Fair Values of Financial Instruments (Detail) - USD ($) $ in Thousands	Mar. 31, 2016	Dec. 31, 2015
Financial Assets:
Cash and due from banks	$ 4,649	$ 4,969	[1]
Interest-bearing deposits	6,019	15,330	[1]
Certificates of deposit	5,456	5,735	[1]
Federal funds sold	330	271	[1]
Securities available-for-sale	52,152	54,090	[1]
Restricted securities	2,574	2,731	[1]
Loans, net	345,635	343,323	[1]
Loans held for sale	945	270	[1]
Accrued interest receivable	1,284	1,318	[1]
Mortgage servicing rights	648	658
Financial Liabilities:
Non-interest-bearing liabilities	65,879	65,842	[1]
Savings and other interest-bearing deposits	162,128	166,628	[1]
Time deposits	128,606	127,388	[1]
Securities sold under repurchase agreements	6,012	7,161	[1]
FHLB advances	35,000	40,000	[1]
Subordinated debt	6,848	6,844	[1]
Accrued interest payable	222	318
Financial Assets:
Cash and due from banks	4,649	4,969
Interest-bearing deposits	6,019	15,330
Certificates of deposit	5,456	5,735
Federal funds sold	330	271
Securities available-for-sale	52,152	54,090	[1]
Restricted securities	2,574	2,731
Loans, net	352,506	347,500
Loans held for sale	945	270
Accrued interest receivable	1,284	1,318
Mortgage servicing rights	648	658	[1]
Financial Liabilities:
Non-interest-bearing liabilities	65,879	65,842
Savings and other interest-bearing deposits	162,128	166,628
Time deposits	129,599	127,433
Securities sold under repurchase agreements	6,012	7,161
FHLB advances	35,848	40,855
Subordinated debt	7,000	7,000
Accrued interest payable	222	318
Fair Value, Inputs, Level 1
Financial Assets:
Securities available-for-sale	1,155	1,216
Financial Assets:
Cash and due from banks	4,649	4,969
Interest-bearing deposits	6,019	15,330
Federal funds sold	330	271
Securities available-for-sale	1,155	1,216
Financial Liabilities:
Non-interest-bearing liabilities	65,879	65,842
Fair Value, Inputs, Level 2
Financial Assets:
Securities available-for-sale	46,558	48,929
Financial Assets:
Certificates of deposit	5,456	5,487
Securities available-for-sale	46,558	48,929
Accrued interest receivable	1,284	1,318
Financial Liabilities:
Savings and other interest-bearing deposits	162,128	166,628
Securities sold under repurchase agreements	6,012	7,161
FHLB advances	35,848	40,855
Accrued interest payable	222	318
Fair Value, Inputs, Level 3
Financial Assets:
Securities available-for-sale	4,439	3,945
Financial Assets:
Certificates of deposit		248
Securities available-for-sale	4,439	3,945
Restricted securities	2,574	2,731
Loans, net	352,506	347,500
Loans held for sale	945	270
Mortgage servicing rights	648	658
Financial Liabilities:
Time deposits	129,599	127,433
Subordinated debt	$ 7,000	$ 7,000
[1]	Derived from Audited December 31, 2015 Financial Statements.

Accumulated Other Comprehensive

Accumulated Other Comprehensive Income - Balances in Accumulated Other Comprehensive Income (Loss) (Detail) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2016		Mar. 31, 2015
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Beginning balance	$ (776)	[1]	$ (921)
Change in net unrealized holding gains (losses) on securities, before reclassification, net of tax expense	335		198
Reclassification for previously unrealized net losses (gains) recognized in income, net of tax expense (benefit)	(4)		3
Ending Balance	(445)		(720)
Holding gains (losses) on securities
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Beginning balance	107		45
Change in net unrealized holding gains (losses) on securities, before reclassification, net of tax expense	335		198
Reclassification for previously unrealized net losses (gains) recognized in income, net of tax expense (benefit)	(4)		3
Ending Balance	438		246
Pension and Post employment costs
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Beginning balance	(883)		(966)
Ending Balance	$ (883)		$ (966)
[1]	Derived from Audited December 31, 2015 Financial Statements.

Accumulated Other Comprehensi68

Accumulated Other Comprehensive Income - Balances in Accumulated Other Comprehensive Income (Loss) (Parenthetical) (Detail) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Unrealized holding gains (losses) arising during the period, tax expense	$ 173	$ 103
Reclassification for previously unrealized net losses (gains) recognized in income,tax expense (benefit)	2	(1)
Holding gains (losses) on securities
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Unrealized holding gains (losses) arising during the period, tax expense	173	103
Reclassification for previously unrealized net losses (gains) recognized in income,tax expense (benefit)	$ 2	$ (1)

Accumulated Other Comprehensi69

Accumulated Other Comprehensive Income - Reclassification of Unrealized (Losses) Gains and Impairments on Securities (Detail) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Net gains (losses) on sale of securities available-for-securities	$ 6	$ (4)
Tax (expense) benefit	(153)	(96)
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	6	(4)
Tax (expense) benefit	(2)	1
Impact on net income	$ 4	$ (3)