Bay Banks of Virginia (BAYK) 10-Q 15 May 17 2017 Q1 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	3 Months Ended
	Mar. 31, 2017	Apr. 30, 2017
Document Information [Line Items]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Mar. 31, 2017
Document Fiscal Year Focus	2,017
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		9,373,577

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($) $ in Thousands	Mar. 31, 2017	Dec. 31, 2016
ASSETS
Cash and due from banks	$ 5,087	$ 4,851
Interest-bearing deposits	6,826	7,501
Certificates of deposit	3,472	4,216
Federal funds sold	336	2,350
Securities available-for-sale, at fair value	49,826	51,173
Restricted securities	3,756	2,649
Loans receivable, net of allowance for loan losses of $3,993 and $3,863	401,268	381,537
Loans held for sale		276
Premises and equipment, net	10,859	10,844
Accrued interest receivable	1,321	1,372
Other real estate owned, net	2,436	2,494
Bank owned life insurance	9,944	9,869
Goodwill	2,808	2,808
Mortgage servicing rights	692	671
Other assets	5,576	4,099
Total assets	504,207	486,710
LIABILITIES
Noninterest-bearing deposits	77,369	74,799
Savings and interest-bearing demand deposits	169,027	178,869
Time deposits	136,104	128,050
Total deposits	382,500	381,718
Securities sold under repurchase agreements	8,489	18,310
Federal Home Loan Bank advances	60,000	35,000
Subordinated debt, net of issuance costs	6,864	6,860
Other liabilities	4,737	3,117
Total liabilities	462,590	445,005
SHAREHOLDERS' EQUITY
Common stock ($5 par value; authorized - 30,000,000 shares; outstanding - 4,787,356 and 4,774,856 shares, respectively)	23,937	23,874
Additional paid-in capital	2,868	2,872
Retained earnings	16,017	16,194
Accumulated other comprehensive loss, net	(1,205)	(1,235)
Total shareholders' equity	41,617	41,705
Total liabilities and shareholders' equity	$ 504,207	$ 486,710

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Thousands	Mar. 31, 2017	Dec. 31, 2016
Loans, allowance for loan losses	$ 3,993	$ 3,863
Common stock, par value	$ 5	$ 5
Common stock, authorized shares	30,000,000	30,000,000
Common stock, outstanding shares	4,787,356	4,774,856

Consolidated Statements of (Los

Consolidated Statements of (Loss) Income - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016
INTEREST INCOME
Loans, including fees	$ 4,388	$ 3,974
Securities:
Taxable	269	207
Tax-exempt	114	136
Federal funds sold	1
Interest-bearing deposit accounts	7	15
Certificates of deposit	19	22
Total interest income	4,798	4,354
INTEREST EXPENSE
Deposits	630	645
Federal funds purchased	10
Securities sold under repurchase agreements	3	2
Subordinated debt	117	118
FHLB advances	154	125
Total interest expense	914	890
Net interest income	3,884	3,464
Provision for (recovery of) loan losses	190	(35)
Net interest income after provision for loan losses	3,694	3,499
NON-INTEREST INCOME
Income from fiduciary activities	245	207
Service charges and fees on deposit accounts	212	227
VISA-related fees	(1)	46
Non-deposit product income	80	106
Other service charges and fees	171	148
Secondary market lending income	115	77
Increase in cash surrender value of life insurance	75	63
Net (losses) gains on sale of securities available for sale	(5)	6
Other real estate losses	(96)	(35)
Other income	61	13
Total non-interest income	857	858
NON-INTEREST EXPENSES
Salaries and employee benefits	2,824	2,055
Occupancy expense	439	448
Software maintenance	204	161
Bank franchise tax	76	60
VISA expense	20	39
Telephone expense	28	31
FDIC assessments	85	81
Foreclosure property expense	10	12
Consulting expense	54	55
Merger expense	300
Other expense	809	738
Total non-interest expenses	4,849	3,680
Net (loss) income before income taxes	(298)	677
Income tax (benefit) expense	(121)	153
Net (loss) income	$ (177)	$ 524
Basic (Loss) Earnings Per Share
Average basic shares outstanding	4,776,800	4,774,856
(Loss) earnings per share, basic	$ (0.04)	$ 0.11
Diluted (Loss) Earnings Per Share
Average diluted shares outstanding	4,776,800	4,791,139
(Loss) earnings per share, diluted	$ (0.04)	$ 0.11

Consolidated Statements of Comp

Consolidated Statements of Comprehensive (Loss) Income - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016
Net (loss) income	$ (177)	$ 524
Unrealized gains (losses) on securities:
Unrealized holding gains arising during the period	40	508
Deferred tax expense	(13)	(173)
Reclassification of net securities losses (gains) recognized in net (loss) income	5	(6)
Deferred tax (benefit) expense	(2)	2
Unrealized gains adjustment, net of tax	30	331
Total other comprehensive income	30	331
Comprehensive (loss) income	$ (147)	$ 855

Consolidated Statements of Chan

Consolidated Statements of Changes in Shareholders' Equity - USD ($) $ in Thousands	Total	Common Stock	Additional Paid-in Capital	Retained Earnings	Accumulated Other Comprehensive Income (Loss)
Balance at beginning of period at Dec. 31, 2015					$ (776)
Net loss	$ 524
Other comprehensive income	331
Balance at end of period at Mar. 31, 2016					(445)
Balance at beginning of period at Dec. 31, 2016	$ 41,705	$ 23,874	$ 2,872	$ 16,194	(1,235)
Balance at beginning of period, Shares at Dec. 31, 2016	4,774,856	4,774,856
Net loss	$ (177)			(177)
Other comprehensive income	30				30
Stock-based compensation expense	59	$ 63	(4)
Stock-based compensation expense, Shares		12,500
Balance at end of period at Mar. 31, 2017	$ 41,617	$ 23,937	$ 2,868	$ 16,017	$ (1,205)
Balance at end of period, Shares at Mar. 31, 2017	4,787,356	4,787,356

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016
Cash Flows From Operating Activities
Net income	$ (177)	$ 524
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation	274	265
Net premium amortization and discount accretion of securities	92	107
Amortization of subordinated debt issuance costs	4	4
Provision for (recovery of) loan losses	190	(35)
Stock compensation expense	59	16
Deferred tax benefit	(5)	(6)
Loss (gains) on securities available-for-sale	5	(6)
Increase in OREO valuation allowance	97
(Gain) loss on sale of other real estate	(1)	35
(Increase) decrease in mortgage servicing rights	(21)	10
Loan originations for sale	(3,471)	(2,727)
Loan sales	3,766	2,086
Gain on sold loans	(19)	(34)
Increase in cash surrender value of life insurance	(75)	(63)
Decrease in accrued income and other assets	38	112
Increase in other liabilities	146	60
Net cash provided by operating activities	902	348
Cash Flows From Investing Activities
Proceeds from maturities and principal paydowns of available-for-sale securities	993	842
Proceeds from sales and calls of available-for-sale securities	995	2,702
Maturities of certificates of deposit	744	248
Purchases of available-for-sale securities and certificates of deposit	(693)	(1,175)
(Purchases) sales of restricted securities	(1,107)	157
Decrease (increase) in federal funds sold	2,014	(59)
Loan (originations) and principal collections, net	(19,971)	(3,429)
Proceeds from sale of other real estate	12	228
Proceeds from sale of equipment	6
Purchases of premises and equipment	(295)	(99)
Net cash used in investing activities	(17,302)	(585)
Cash Flows From Financing Activities
Net decrease in demand, savings, and other interest-bearing deposits	(7,272)	(4,463)
Net increase in time deposits	8,054	1,218
Net decrease in securities sold under repurchase agreements	(9,821)	(1,149)
Increase (decrease) in Federal Home Loan Bank advances	25,000	(5,000)
Net cash provided by (used in) financing activities	15,961	(9,394)
Net decrease in cash and due from banks	(439)	(9,631)
Cash and cash equivalents (including interest-earning deposits) at beginning of period	12,352	20,299
Cash and cash equivalents (including interest-earning deposits) at end of period	11,913	10,668
Cash paid for:
Interest	1,019	987
Income taxes	0	0
Non-cash investing and financing:
Unrealized gain on investment securities	45	502
Change in fair value of pension and post-retirement obligation	0	0
Loans transferred to other real estate owned	50	1,352
Loans originated to facilitate sale of OREO		117
Changes in deferred taxes resulting from OCI transactions	$ 15	$ 171

General

General	3 Months Ended
	Mar. 31, 2017
General	Note 1: General Bay Banks of Virginia, Inc. (the “Company”) owns 100% of Virginia Commonwealth Bank, formerly named Bank of Lancaster (refer to Note 2) (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. Since the business combination was effective on April 1, 2017 these March 31, 2017 consolidated financial statements do not yet reflect combined operations. 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 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.

Business Combination

Business Combination	3 Months Ended
	Mar. 31, 2017
Business Combination	Note 2: Business Combination On April 1, 2017, the Company and Virginia BanCorp, Inc. (“Virginia BanCorp”), a bank holding company conducting substantially all of its operations through its subsidiary Virginia Commonwealth Bank, completed a merger pursuant to the Agreement and Plan of Merger, dated as of November 2, 2016, by and between the Company and Virginia BanCorp. The Company is the surviving corporation in the merger and the former shareholders of Virginia BanCorp received 1.178 shares of the Company’s common stock for each share of Virginia BanCorp common stock they owned immediately prior to the merger, for a total issuance of 4,586,221 shares of the Company’s common stock valued at approximately $40.5 million. As of the completion of the merger, the Company’s legacy shareholders owned approximately 51% of the outstanding common stock of the Company and Virginia BanCorp’s former shareholders owned approximately 49% of the outstanding common stock of the Company. After the merger of Virginia BanCorp with and into the Company, Virginia BanCorp’s subsidiary bank was merged with and into Bank of Lancaster, and immediately thereafter Bank of Lancaster changed its name to Virginia Commonwealth Bank. Bank operating systems are being consolidated and are expected to be completed during the fourth quarter of 2017.

Significant Accounting Policies

Significant Accounting Policies	3 Months Ended
	Mar. 31, 2017
Significant Accounting Policies	Note 3: Significant Accounting Policies 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, 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. 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 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 and class of the portfolio, plus any loans analyzed individually for impairment. Depending on the nature of each segment and class, considerations include historical loss experience, adverse situations that may affect a borrower’s ability to repay, credit scores, past due history, 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 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 The general component of the ALL calculation collectively evaluates groups of loans in segments and 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); 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 have historically included credit cards, which are unsecured. The credit card portfolio was sold to an unaffiliated third party in the third quarter of 2016. 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

Amendments to the Accounting St

Amendments to the Accounting Standards Codification	3 Months Ended
	Mar. 31, 2017
Amendments to the Accounting Standards Codification	Note 4: Amendments to the Accounting Standards Codification In January 2017, the Financial Accounting Standards Board (“FASB”) issued Accounting Update Standard (“ASU”) 2017-03, Accounting Changes and Error Corrections (Topic 250) and Investments - Equity Method and Joint Ventures (Topic 323): Amendments to SEC Paragraphs Pursuant to Staff Announcements at the September 22, 2016 and November 17, 2016 EITF Meetings 2017-03 In June 2016, the FASB issued ASU 2016-13, Financial Instruments – Credit Losses (Topic 326), off-balance held-to-maturity 2016-13 available-for-sale available-for-sale available-for-sale 2016-13 non-accrual In March 2016, the FASB issued ASU 2016-09, “Compensation – Stock Compensation (Topic 718): Improvements to Employee Shares-Based Payment Accounting.” 2016-09 In February 2016, the FASB issued ASU 2016-02, Leases (Topic 842) 2016-02 2016-02 In January 2016, the FASB issued ASU 2016-01, Financial Instruments – Overall 825-10) available-for-sale available-for 2016-01. 2016-01 In May 2014, the FASB issued ASU 2014-09, Revenue from Contracts with Customers 2014-09 2014-09 2014-09. 2014-09. 2014-09

Securities

Securities	3 Months Ended
	Mar. 31, 2017
Securities	Note 5: Securities The aggregate amortized costs and fair values of the available-for-sale (Dollars in thousands) Available-for-sale March 31, 2017 Amortized Gross Gross Fair Corporate bonds $ 6,695 $ 20 $ — $ 6,715 U.S. Government agencies 24,615 49 (429 ) 24,235 State and municipal obligations 19,229 77 (430 ) 18,876 $ 50,539 $ 146 $ (859 ) $ 49,826 Available-for-sale December 31, 2016 Amortized Gross Gross Fair Corporate bonds $ 7,695 $ 14 $ (5 ) $ 7,704 U.S. Government agencies 25,668 53 (408 ) 25,313 State and municipal obligations 18,566 49 (459 ) 18,156 $ 51,929 $ 116 $ (872 ) $ 51,173 Gross realized gains and gross realized losses on sales and calls of securities were as follows: For the three months ended March 31, (Dollars in thousands) 2017 2016 Gross realized gains $ — $ 15 Gross realized losses (5 ) (9 ) Net realized (losses) gains $ (5 ) $ 6 Aggregate proceeds $ 995 $ 2,702 Average yields (taxable equivalent) on securities were 3.22% and 3.03% for the three months ended March 31, 2017 and 2016, respectively. Securities with a market value of $10.7 million and $19.1 million were pledged as collateral for repurchase agreements and for other purposes as required by law as of March 31, 2017 and December 31, 2016, respectively. As of March 31, 2017 and December 31, 2016, 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 $8.5 million and $18.3 million as of March 31, 2017 and December 31, 2016, 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, 2017 and December 31, 2016, 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, and states and municipal securities, 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, 2017 included 39 federal agencies and 35 municipals. Bonds with unrealized loss positions at December 31, 2016 included 37 federal agencies, one corporate bond and 39 municipals. The tables are shown below. (Dollars in thousands) Less than 12 months 12 months or more Total Fair Unrealized Fair Unrealized Fair Unrealized March 31, 2017 Value Loss Value Loss Value Loss U.S. Government agencies $ 21,463 $ (418 ) $ 1,248 $ (11 ) $ 22,711 $ (429 ) States and municipal obligations 12,409 (430 ) — — 12,409 (430 ) Total temporarily impaired securities $ 33,872 $ (848 ) $ 1,248 $ (11 ) $ 35,120 $ (859 ) Less than 12 months 12 months or more Total Fair Unrealized Fair Unrealized Fair Unrealized December 31, 2016 Value Loss Value Loss Value Loss Corporate bonds $ 995 $ (5 ) $ — $ — $ 995 $ (5 ) U.S. Government agencies 20,933 (396 ) 1,308 (12 ) 22,241 (408 ) States and municipal obligations 12,888 (459 ) — — 12,888 (459 ) Total temporarily impaired securities $ 34,816 $ (860 ) $ 1,308 $ (12 ) $ 36,124 $ (872 ) The Company’s investment in Federal Home Loan Bank of Atlanta (“FHLB”) stock totaled $3.0 million and $1.9 million at March 31, 2017 and December 31, 2016, respectively. The Company also had an investment in Federal Reserve Bank of Richmond (“FRB”) stock which totaled $595 thousand and $580 thousand at March 31, 2017 and December 31, 2016, respectively. 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.

Low Income Housing Tax Credits

Low Income Housing Tax Credits	3 Months Ended
	Mar. 31, 2017
Low Income Housing Tax Credits	Note 6: Low Income Housing Tax Credits The Company had investments in three separate housing equity funds at March 31, 2017. The general purpose of these funds is to encourage and assist participants in investing in low-income low-income

Loans

Loans	3 Months Ended
	Mar. 31, 2017
Loans	Note 7: Loans The following is a summary of the balances of loans: (Dollars in thousands) March 31, 2017 December 31, 2016 Mortgage loans on real estate: Construction, Land and Land Development $ 44,119 $ 39,818 Farmland 994 1,023 Commercial Mortgages (Non-Owner 35,464 35,343 Commercial Mortgages (Owner Occupied) 42,550 41,825 Residential First Mortgages 205,106 194,007 Residential Revolving and Junior Mortgages 27,090 26,425 Commercial and Industrial loans 46,205 43,024 Consumer Loans 3,324 3,544 Total loans 404,852 385,009 Net unamortized deferred loan costs 409 391 Allowance for loan losses (3,993 ) (3,863 ) Loans, net $ 401,268 $ 381,537 The recorded investment in past due and non-accruing 90 Days or 30-89 More Past Total Past (Dollars in thousands) Days Due and Due and Total March 31, 2017 Past Due Still Accruing Nonaccruals Nonaccruals Current Loans Mortgage Loans on Real Estate: Construction, Land and Land Development $ — $ — $ 547 $ 547 $ 43,572 $ 44,119 Farmland — — — — 994 994 Commercial Mortgages (Non-Owner — — — — 35,464 35,464 Commercial Mortgages (Owner Occupied) — — 2,148 2,148 40,402 42,550 Residential First Mortgages 402 — 1,975 2,377 202,729 205,106 Residential Revolving and Junior Mortgages — — 1,039 1,039 26,051 27,090 Commercial and Industrial 603 — 111 714 45,491 46,205 Consumer Loans — — — — 3,324 3,324 Total $ 1,005 $ — $ 5,820 $ 6,825 $ 398,027 $ 404,852 90 Days or 30-89 More Past Total Past Days Due and Due and Total December 31, 2016 Past Due Still Accruing Nonaccruals Nonaccruals Current Loans Mortgage Loans on Real Estate: Construction, Land and Land Development $ — $ — $ 623 $ 623 $ 39,195 $ 39,818 Farmland 57 — — 57 966 1,023 Commercial Mortgages (Non-Owner — — — — 35,343 35,343 Commercial Mortgages (Owner Occupied) 188 — 2,270 2,458 39,367 41,825 Residential First Mortgages 1,546 — 2,155 3,701 190,306 194,007 Residential Revolving and Junior Mortgages 480 — 160 640 25,785 26,425 Commercial and Industrial 408 — 92 500 42,524 43,024 Consumer Loans — — — — 3,544 3,544 Total $ 2,679 $ — $ 5,300 $ 7,979 $ 377,030 $ 385,009

Allowance for Loan Losses

Allowance for Loan Losses	3 Months Ended
	Mar. 31, 2017
Allowance for Loan Losses	Note 8: Allowance for Loan Losses Loans Evaluated for Impairment Loan receivables evaluated for impairment individually and collectively by segment as of March 31, 2017 and December 31, 2016 are as follows: (Dollars in thousands) Mortgage Commercial Consumer As of March 31, 2017 on Real Estate Industrial Loans Total Individually evaluated for impairment $ 9,940 $ 92 $ — $ 10,032 Collectively evaluated for impairment 345,383 46,113 3,324 394,820 Total Gross Loans $ 355,323 $ 46,205 $ 3,324 $ 404,852 As of December 31, 2016 Individually evaluated for impairment $ 10,323 $ 92 $ — $ 10,415 Collectively evaluated for impairment 328,118 42,932 3,544 374,594 Total Gross Loans $ 338,441 $ 43,024 $ 3,544 $ 385,009 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, 2017 and December 31, 2016 are as follows: (Dollars in thousands) Mortgage Loans Commercial and Consumer As of March 31, 2017 on Real Estate Industrial Loans Total Individually evaluated for impairment $ 694 $ 92 $ — $ 786 Collectively evaluated for impairment 2,727 436 44 3,207 Total allowance for loan losses $ 3,421 $ 528 $ 44 $ 3,993 As of December 31, 2016 Mortgage Commercial Consumer Total Individually evaluated for impairment $ 803 $ 92 $ — $ 895 Collectively evaluated for impairment 2,515 401 52 2,968 Total allowance for loan losses $ 3,318 $ 493 $ 52 $ 3,863 A disaggregation and an analysis of the change in the allowance for loan losses by segment is shown below. (Dollars in thousands) For the Three Months Ended March 31, 2017 Mortgage Commercial Consumer Total ALLOWANCE FOR LOAN LOSSES: Beginning Balance $ 3,318 $ 493 $ 52 $ 3,863 (Charge-offs) (132 ) — (8 ) (140 ) Recoveries 78 — 2 80 Provision 157 35 (2 ) 190 Ending Balance $ 3,421 $ 528 $ 44 $ 3,993 For the Three Months Ended March 31, 2016 Mortgage Commercial Consumer Total 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 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 3) are evaluated as new information becomes available for each borrowing relationship or at least quarterly. Construction, Commercial Commercial Land and Mortgages Mortgages Commercial (Dollars in thousands) Land (Non-Owner (Owner and As of March 31, 2017 Development Farmland Occupied) Occupied) Industrial Total Grade: Pass $ 36,423 $ 994 $ 30,571 $ 32,412 $ 44,441 $ 144,841 Watch 5,762 — 4,375 7,732 1,538 19,407 Special mention 179 — 270 — 40 489 Substandard 1,755 — 248 2,406 186 4,595 Doubtful — — — — — — Total $ 44,119 $ 994 $ 35,464 $ 42,550 $ 46,205 $ 169,332 Construction, Commercial Commercial Land and Mortgages Mortgages Commercial Land (Non-Owner (Owner and As of December 31, 2016 Development Farmland Occupied) Occupied) Industrial Total Grade: Pass $ 32,009 $ 1,023 $ 30,639 $ 31,191 $ 40,841 $ 135,703 Watch 5,795 — 4,184 6,652 1,891 18,522 Special mention 180 — 272 1,453 125 2,030 Substandard 1,834 — 248 2,529 167 4,778 Doubtful — — — — — — Total $ 39,818 $ 1,023 $ 35,343 $ 41,825 $ 43,024 $ 161,033 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 Residential (Dollars in thousands) Residential Revolving As of March 31, 2017 First and Junior Consumer PAYMENT ACTIVITY STATUS Mortgages (1) Mortgages (2) Loans (3) Total Performing $ 203,131 $ 26,051 $ 3,324 $ 232,506 Nonperforming 1,975 1,039 — 3,014 Total $ 205,106 $ 27,090 $ 3,324 $ 235,520 Residential Residential Revolving As of December 31, 2016 First and Junior Consumer PAYMENT ACTIVITY STATUS Mortgages (4) Mortgages (5) Loans (6) Total Performing $ 191,852 $ 26,265 $ 3,544 $ 221,661 Nonperforming 2,155 160 — 2,315 Total $ 194,007 $ 26,425 $ 3,544 $ 223,976 (1) Residential First Mortgages which have been assigned a risk rating grade of Substandard totaled $3.1million as of March 31, 2017. (2) Residential Revolving and Junior Mortgages which have been assigned a risk rating grade of Substandard totaled $1.9 million as of March 31, 2017. (3) No Consumer Loans had been assigned a risk rating grade of Substandard as of March 31, 2017. (4) Residential First Mortgages which have been assigned a risk rating grade of Substandard totaled $3.3 million as of December 31, 2016. (5) Residential Revolving and Junior Mortgages which have been assigned a risk rating grade of Substandard totaled $1.1 million as of December 31, 2016. (6) No Consumer Loans had been assigned a risk rating grade of Substandard as of December 31, 2016. Impaired Loans The following tables show the Company’s recorded investment and the customers’ unpaid principal balances for impaired As of March 31, 2017 As of December 31, 2016 (Dollars in thousands) IMPAIRED LOANS Recorded Customers’ Unpaid Related Recorded Customers’ Unpaid Related With no related allowance: Construction, Land and Land Development $ 1,455 $ 1,535 $ — $ 1,531 $ 1,539 $ — Residential First Mortgages 2,104 2,171 — 2,112 2,176 — Residential Revolving and Junior Mortgages (1) 995 999 — 995 999 — Commercial Mortgages (Non-owner 248 248 — 248 248 — Commercial Mortgages (Owner occupied) 2,030 2,351 — 1,860 2,178 — Commercial and Industrial — — — — — — 6,832 7,304 — 6,746 7,140 — With an allowance recorded: Construction, Land and Land Development 239 285 140 243 286 145 Residential First Mortgages 1,942 1,942 338 1,951 1,951 367 Residential Revolving and Junior Mortgages (1) 526 528 175 544 546 199 Commercial Mortgages (Non-owner — — — — — — Commercial Mortgages (Owner occupied) 401 421 41 839 854 92 Commercial and Industrial 92 101 92 92 101 92 3,200 3,277 786 3,669 3,738 895 Total Impaired Loans: Construction, Land and Land Development 1,694 1,820 140 1,774 1,825 145 Residential First Mortgages 4,046 4,113 338 4,063 4,127 367 Residential Revolving and Junior Mortgages (1) 1,521 1,527 175 1,539 1,545 199 Commercial Mortgages (Non-owner 248 248 — 248 248 — Commercial Mortgages (Owner occupied) 2,431 2,772 41 2,699 3,032 92 Commercial and Industrial 92 101 92 92 101 92 $ 10,032 $ 10,581 $ 786 $ 10,415 $ 10,878 $ 895 Notes: (1) Junior mortgages include equity lines. For the three months ended March 31, 2017 March 31, 2016 (Dollars in thousands) Average Interest Average Interest With no related allowance: Construction, land and land development $ 1,493 $ 13 $ 991 $ 14 Residential First Mortgages 2,108 5 2,783 26 Residential Revolving and Junior Mortgages (1) 995 10 468 9 Commercial Mortgages (Non-owner 248 4 256 4 Commercial Mortgages (Owner occupied) 2,159 5 1,090 17 Commercial and Industrial — — — — 7,003 37 5,588 70 With an allowance recorded: Construction, land and land development 241 1 260 1 Residential First Mortgages 1,946 24 2,905 21 Residential Revolving and Junior Mortgages (1) 527 5 309 4 Commercial Mortgages (Non-owner — — — — Commercial Mortgages (Owner occupied) 406 — 2,208 14 Commercial and Industrial 92 — 280 1 3,212 30 5,962 41 Total Construction, land and land development 1,734 14 1,251 15 Residential First Mortgages 4,054 29 5,688 47 Residential Revolving and Junior Mortgages (1) 1,522 15 777 13 Commercial Mortgages (Non-owner 248 4 256 4 Commercial Mortgages (Owner occupied) 2,565 5 3,298 31 Commercial and Industrial 92 — 280 1 $ 10,215 $ 67 $ 11,550 $ 111 (1) Junior mortgages include equity lines. Smaller non-accruing non-accruing non-accruing non-accruing Loan Modifications Loans modified as TDRs are considered impaired and are individually evaluated for the amount of impairment in the ALL. There were no new loans modified as TDRs in the first quarter of 2017 or the first quarter of 2016. In addition, no TDRs subsequently defaulted in the first quarter of 2017 or the first quarter of 2016. Other Real Estate Owned The table below details the properties included in other real estate owned (“OREO”) as of March 31, 2017 and December 31, 2016. There were no collateralized consumer residential mortgage loans in the process of foreclosure as of March 31, 2017. As of March 31, 2017 As of December 31, 2016 No. of Carrying No. of Carrying (Dollars in thousands) Properties Value Properties Value Residential 2 $ 831 2 $ 891 Land lots 7 586 7 547 Convenience store 1 60 1 59 Restaurant 1 55 1 55 Commerical properties 3 904 3 942 Total 14 $ 2,436 14 $ 2,494 Included in other assets as of March 31, 2017 and December 31, 2016, is one residential property purchased in 2013 from a related party with a value of $708 thousand and a former branch, which was closed April 30, 2015, with a value of $403 thousand.

Earnings per share

Earnings per share	3 Months Ended
	Mar. 31, 2017
Earnings per share	Note 9: 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, 2017 March 31, 2016 Average Per share Average Per share Shares Amount Shares Amount Basic earnings per share 4,776,800 $ (0.04 ) 4,774,856 $ 0.11 Effect of dilutive securities: Stock options — 16,283 Diluted earnings per share 4,776,800 $ (0.04 ) 4,791,139 $ 0.11 For the three months ended March 31, 2017 and 2016, options on 91,368 and 68,473 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, 2017
Stock-Based Compensation	Note 10: Stock-Based Compensation On June 28, 2013, the Company registered with the SEC a stock-based compensation plan, which superseded all other plans. There are 317,209 shares available for grant under this plan at March 31, 2017. Stock-based compensation expense related to stock awards for the three month periods ended March 31, 2017 and 2016 was $59 thousand and $16 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, 2017. Options for a total of 8,500 shares were granted and vested during the three months ended March 31, 2017. The aggregate fair value of options granted during the three months ended March 31, 2017 was $16 thousand. 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. The variables used in these calculations of the fair value of the options are as follows: For the three months ended March 31, 2017 2016 Risk free interest rate (5 year Treasury) 1.93 % 1.49 % Expected dividend yield 0 % 0 % Expected term (years) 5 5 Expected volatility 21.7 % 40.1 % Stock option activity for the three months ended March 31, 2017 is summarized below: Weighted Average Weighted Average Remaining Aggregate Exercise Contractual Intrinsic Shares Price Life (in years) Value (1) Options outstanding, January 1, 2017 218,300 $ 6.35 5.9 Granted 8,500 8.30 Forfeited (1,195 ) 8.43 Exercised — — Expired — — Options outstanding and exercisable, March 31, 2017 225,605 $ 6.41 5.9 $ 737,512 (1) The aggregate intrinsic value of a stock option in the table above represents the total pre-tax In the first quarter of 2017, 12,500 shares of restricted stock were granted to two executives. Of these shares, 5,000 shares vested immediately and $43 thousand of compensation expense was recorded. Another 2,500 shares of restricted stock will vest over two years and $20 thousand of compensation expense is expected to be recorded over that period. The final 5,000 shares of restricted stock will vest over three years and $40 thousand of compensation expense is expected to be recorded over that period.

Employee Benefit Plans

Employee Benefit Plans	3 Months Ended
	Mar. 31, 2017
Employee Benefit Plans	Note 11: Employee Benefit Plans The Company has a non-contributory, 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, 2017 2016 2017 2016 Service cost $ — $ — $ 5 $ 6 Interest cost 31 35 5 7 Expected return on plan assets (45 ) (48 ) — — Settlement loss 13 — — — Amortization of net gain — — (2 ) — Recognized net actuarial loss 19 19 — — Net periodic cost $ 18 $ 6 $ 8 $ 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 2017. The Company has contributed $1 thousand towards the post-retirement plan during the first three months of 2017.

Long Term Debt

Long Term Debt	3 Months Ended
	Mar. 31, 2017
Long Term Debt	Note 12: Long Term Debt FHLB Debt As of March 31, 2017, the Bank had $60.0 million of outstanding FHLB debt, consisting of nine advances. As of December 31, 2016, five advances totaling $35.0 million were outstanding. The Company drew four new advances totaling $25.0 million during the first quarter of 2017. The nine advances are shown in the following table. Description Balance Originated Current Maturity Adjustable Rate Hybrid $ 10,000,000 4/12/2013 3.40178 % 4/13/2020 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 Fixed Rate Credit 5,000,000 1/17/2017 0.91000 % 10/1/2017 Fixed Rate Credit 5,000,000 1/20/2017 0.99500 % 12/20/2017 Fixed Rate Credit 10,000,000 3/1/2017 0.79000 % 5/29/2017 Fixed Rate Credit 5,000,000 3/6/2017 0.71000 % 4/5/2017 Fixed Rate Credit 10,000,000 3/30/2017 0.90000 % 4/28/2017 Fixed Rate Credit 5,000,000 3/31/2017 0.89000 % 5/1/2017 $ 60,000,000 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, 2017, was $54.8 million against a total line of credit of $120.8 million. As of March 31, 2017 and December 31, 2016, the Company had $60.0 million and $35.0 million, respectively, in FHLB debt outstanding with a weighted average interest rate of 1.31% and 1.49%, respectively. Subordinated Debt On May 28, 2015, the Company issued an aggregate of $7,000,000 of subordinated notes (the “Notes”). 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 March 31, 2017 6.5% Subordinated Debt $ 7,000 Less: Issuance costs (136 ) $ 6,864

Fair Value Measurements

Fair Value Measurements	3 Months Ended
	Mar. 31, 2017
Fair Value Measurements	Note 13: 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 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, 2017 and December 31, 2016: (Dollars in thousands) Fair Value Measurements at March 31, 2017 Using Description Balance Level 1 Level 2 Level 3 Securities available-for-sale: Corporate bonds $ 6,715 $ — $ — $ 6,715 U. S. Government agencies 24,235 — 24,235 — State and municipal obligations 18,876 — 18,876 — Total securities available-for-sale: $ 49,826 $ — $ 43,111 $ 6,715 Mortgage servicing rights $ 692 $ — $ — $ 692 Defined benefit plan assets: Cash and cash equivalents $ 3 $ 3 $ — $ — Mutual funds - fixed income 1,043 1,043 $ — $ — Mutual funds - equity 1,577 1,577 — — Total defined benefit plan assets $ 2,623 $ 2,623 $ — $ — Fair Value Measurements at December 31, 2016 Using Description Balance Level 1 Level 2 Level 3 Securities available-for-sale: Corporate bonds $ 7,704 $ — $ — $ 7,704 U. S. Government agencies 25,313 — 25,313 — State and municipal obligations 18,156 — 18,156 — Total securities available-for-sale: $ 51,173 $ — $ 43,469 $ 7,704 Mortgage servicing rights $ 671 $ — $ — $ 671 Defined benefit plan assets: Mutual funds - fixed income $ 1,041 $ 1,041 $ — $ — Mutual funds - equity 1,649 1,649 — — Total defined benefit plan assets $ 2,690 $ 2,690 $ — $ — The reconciliation of items using Level 3 inputs is as follows: Corporate (Dollars in thousands) MSRs Bonds Balance, January 1, 2017 $ 671 $ 7,704 Purchases — — Impairments — — Fair value adjustments 21 11 Sales — (1,000 ) Balance, March 31, 2017 $ 692 $ 6,715 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 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, 2017 Using (Dollars in thousands) Description Balance as of Level 1 Level 2 Level 3 Impaired Loans, net $ 2,414 $ — $ — $ 2,414 Other real estate owned, net 2,436 — — 2,436 Fair Value Measurements at December 31, 2016 Using Description Balance as of Level 1 Level 2 Level 3 Impaired loans, net 2,774 — — 2,774 Other real estate owned, net $ 2,494 $ — $ — $ 2,494 The following table displays quantitative information about Level 3 Fair Value Measurements as of March 31, 2017: Range Balance as of Valuation Unobservable (Weighted (Dollars in thousands) March 31, 2017 Technique Input Average) Impaired Loans, net $ 2,414 Discounted appraised value Selling Cost 0% - 20% (15% ) Lack of Marketability 50% - 100% (96% ) Other real estate owned, net 2,436 Discounted appraised value Selling Cost 3% - 13% (5% ) Lack of Marketability 10% -20% (11% ) The following table displays quantitative information about Level 3 Fair Value Measurements as of December 31, 2016: Range Balance as of Valuation Unobservable (Weighted (Dollars in thousands) December 31, 2016 Technique Input Average) Impaired Loans, net $ 2,774 Discounted appraised value Selling Cost 10% - 20% (16% ) Lack of Marketability 50% (50% ) Other real estate owned, net $ 2,494 Discounted appraised value Selling Cost 3% - 13% (5% ) Lack of Marketability 10% - 20% (11% ) The estimated fair values of financial instruments are shown in the following table. The carrying amounts in the table are included in the balance sheet under the applicable captions. Fair Value Measurements at March 31, 2017 Using (Dollars in thousands) Description Balance as of Fair Value as of Level 1 Level 2 Level 3 Financial Assets: Cash and due from banks $ 5,087 $ 5,087 $ 5,087 $ — $ — Interest-bearing deposits 6,826 6,826 6,826 — — Certificates of deposit 3,472 3,472 — 3,472 — Federal funds sold 336 336 336 — — Securities available-for-sale 49,826 49,826 — 43,111 6,715 Restricted securities 3,756 3,756 — — 3,756 Loans, net 401,268 400,988 — — 400,988 Accrued interest receivable 1,321 1,321 — 1,321 — Bank owned life insurance 9,944 9,944 9,944 — — Mortgage servicing rights 692 692 — — 692 Financial Liabilities: Non-interest-bearing $ 77,369 $ 77,369 $ 77,369 $ — $ — Savings and other interest-bearing deposits 169,027 167,027 — 167,027 — Time deposits 136,104 135,662 — — 135,662 Securities sold under repurchase agreements 8,489 8,489 — 8,489 — FHLB advances 60,000 59,352 — 59,352 — Subordinated debt 6,864 7,000 — — 7,000 Accrued interest payable 225 225 — 225 — Fair Value Measurements at December 31, 2016 Using (Dollars in thousands) Description Balance as of Fair Value as of Level 1 Level 2 Level 3 Financial Assets: Cash and due from banks $ 4,851 $ 4,851 $ 4,851 $ — $ — Interest-bearing deposits 7,501 7,501 7,501 — — Certificates of deposit 4,216 4,216 — 4,216 — Federal funds sold 2,350 2,350 2,350 — — Securities available-for-sale 51,173 51,173 — 43,469 7,704 Restricted securities 2,649 2,649 — — 2,649 Loans, net 381,537 384,468 — — 384,468 Loans held for sale 276 276 — — 276 Accrued interest receivable 1,372 1,372 — 1,372 — Bank owned life insurance 9,869 9,869 9,869 — — Mortgage servicing rights 671 671 — — 671 Financial Liabilities: Non-interest-bearing $ 74,799 $ 74,799 $ 74,799 $ — $ — Savings and other interest-bearing deposits 178,869 178,869 — 178,869 — Time deposits 128,050 127,497 — — 127,497 Securities sold under repurchase agreements 18,310 18,310 — 18,310 — FHLB advances 35,000 35,668 — 35,668 — Subordinated debt 6,860 7,000 — — 7,000 Accrued interest payable 331 331 — 331 — 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 Securities available-for-sale The carrying value of restricted securities approximates fair value based on the redemption provisions of the issuer. Bank owned life insurance is carried at its cash surrender value. 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, 2017 and December 31, 2016, 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, 2017
Changes in Accumulated Other Comprehensive Income (Loss)	Note 14: 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, 2017 Net Unrealized Pension and Accumulated Other Gains (Losses) Post-retirement Comprehensive (Dollars in thousands) on Securities Benefit Plans Income (Loss) Balance January 1, 2017 $ (520 ) $ (715 ) $ (1,235 ) Change in net unrealized holding gains on securities, before reclassification, net of tax expense of $13 27 — 27 Reclassification for previously unrealized net losses recognized in income, net of tax benefit of $2 3 — 3 Balance March 31, 2017 $ (490 ) $ (715 ) $ (1,205 ) For the Three Months Ended March 31, 2016 Net Unrealized Pension and Accumulated Other Gains (Losses) Post-retirement Comprehensive (Dollars in thousands) on Securities Benefit Plans Income (Loss) Balance January 1, 2016 $ 107 $ (883 ) $ (776 ) Change in net unrealized holding gains 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 ) Reclassification for previously unrealized gains (losses) and impairments on securities are reported in the Consolidated Statements of (Loss) Income as follows. No unrealized gains (losses) on pension and post-employment related costs were reclassified to the Consolidated Statements of (Loss) Income in the three months ended March 31, 2017 and 2016. Accumulated Other Comprehensive Income (Loss) Reclassification for the Three Months Ended Holding (Losses) Gains on Securities (Dollars in thousands) March 31, 2017 March 31, 2016 Net (losses) gains on sale of securities available-for-securities $ (5 ) $ 6 Tax benefit (expense) 2 (2 ) Impact on net (loss) income $ (3 ) $ 4

Significant Accounting Polici22

Significant Accounting Policies (Policies)	3 Months Ended
	Mar. 31, 2017
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, 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. 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
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 and class of the portfolio, plus any loans analyzed individually for impairment. Depending on the nature of each segment and class, considerations include historical loss experience, adverse situations that may affect a borrower’s ability to repay, credit scores, past due history, 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 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 The general component of the ALL calculation collectively evaluates groups of loans in segments and 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); 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 have historically included credit cards, which are unsecured. The credit card portfolio was sold to an unaffiliated third party in the third quarter of 2016. 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

Securities (Tables)

Securities (Tables)	3 Months Ended
	Mar. 31, 2017
Aggregate Amortized Cost and Fair Values of Available-for-Sale Securities Portfolio	The aggregate amortized costs and fair values of the available-for-sale (Dollars in thousands) Available-for-sale March 31, 2017 Amortized Gross Gross Fair Corporate bonds $ 6,695 $ 20 $ — $ 6,715 U.S. Government agencies 24,615 49 (429 ) 24,235 State and municipal obligations 19,229 77 (430 ) 18,876 $ 50,539 $ 146 $ (859 ) $ 49,826 Available-for-sale December 31, 2016 Amortized Gross Gross Fair Corporate bonds $ 7,695 $ 14 $ (5 ) $ 7,704 U.S. Government agencies 25,668 53 (408 ) 25,313 State and municipal obligations 18,566 49 (459 ) 18,156 $ 51,929 $ 116 $ (872 ) $ 51,173
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 March 31, (Dollars in thousands) 2017 2016 Gross realized gains $ — $ 15 Gross realized losses (5 ) (9 ) Net realized (losses) gains $ (5 ) $ 6 Aggregate proceeds $ 995 $ 2,702
Unrealized Loss Positions	Bonds with unrealized loss positions at December 31, 2016 included 37 federal agencies, one corporate bond and 39 municipals. The tables are shown below. (Dollars in thousands) Less than 12 months 12 months or more Total Fair Unrealized Fair Unrealized Fair Unrealized March 31, 2017 Value Loss Value Loss Value Loss U.S. Government agencies $ 21,463 $ (418 ) $ 1,248 $ (11 ) $ 22,711 $ (429 ) States and municipal obligations 12,409 (430 ) — — 12,409 (430 ) Total temporarily impaired securities $ 33,872 $ (848 ) $ 1,248 $ (11 ) $ 35,120 $ (859 ) Less than 12 months 12 months or more Total Fair Unrealized Fair Unrealized Fair Unrealized December 31, 2016 Value Loss Value Loss Value Loss Corporate bonds $ 995 $ (5 ) $ — $ — $ 995 $ (5 ) U.S. Government agencies 20,933 (396 ) 1,308 (12 ) 22,241 (408 ) States and municipal obligations 12,888 (459 ) — — 12,888 (459 ) Total temporarily impaired securities $ 34,816 $ (860 ) $ 1,308 $ (12 ) $ 36,124 $ (872 )

Loans (Tables)

Loans (Tables)	3 Months Ended
	Mar. 31, 2017
Summary of Balances of Loans	The following is a summary of the balances of loans: (Dollars in thousands) March 31, 2017 December 31, 2016 Mortgage loans on real estate: Construction, Land and Land Development $ 44,119 $ 39,818 Farmland 994 1,023 Commercial Mortgages (Non-Owner 35,464 35,343 Commercial Mortgages (Owner Occupied) 42,550 41,825 Residential First Mortgages 205,106 194,007 Residential Revolving and Junior Mortgages 27,090 26,425 Commercial and Industrial loans 46,205 43,024 Consumer Loans 3,324 3,544 Total loans 404,852 385,009 Net unamortized deferred loan costs 409 391 Allowance for loan losses (3,993 ) (3,863 ) Loans, net $ 401,268 $ 381,537
Recorded Investment in Past Due and Non-accruing Loans	The recorded investment in past due and non-accruing 90 Days or 30-89 More Past Total Past (Dollars in thousands) Days Due and Due and Total March 31, 2017 Past Due Still Accruing Nonaccruals Nonaccruals Current Loans Mortgage Loans on Real Estate: Construction, Land and Land Development $ — $ — $ 547 $ 547 $ 43,572 $ 44,119 Farmland — — — — 994 994 Commercial Mortgages (Non-Owner — — — — 35,464 35,464 Commercial Mortgages (Owner Occupied) — — 2,148 2,148 40,402 42,550 Residential First Mortgages 402 — 1,975 2,377 202,729 205,106 Residential Revolving and Junior Mortgages — — 1,039 1,039 26,051 27,090 Commercial and Industrial 603 — 111 714 45,491 46,205 Consumer Loans — — — — 3,324 3,324 Total $ 1,005 $ — $ 5,820 $ 6,825 $ 398,027 $ 404,852 90 Days or 30-89 More Past Total Past Days Due and Due and Total December 31, 2016 Past Due Still Accruing Nonaccruals Nonaccruals Current Loans Mortgage Loans on Real Estate: Construction, Land and Land Development $ — $ — $ 623 $ 623 $ 39,195 $ 39,818 Farmland 57 — — 57 966 1,023 Commercial Mortgages (Non-Owner — — — — 35,343 35,343 Commercial Mortgages (Owner Occupied) 188 — 2,270 2,458 39,367 41,825 Residential First Mortgages 1,546 — 2,155 3,701 190,306 194,007 Residential Revolving and Junior Mortgages 480 — 160 640 25,785 26,425 Commercial and Industrial 408 — 92 500 42,524 43,024 Consumer Loans — — — — 3,544 3,544 Total $ 2,679 $ — $ 5,300 $ 7,979 $ 377,030 $ 385,009

Allowance for Loan Losses (Tabl

Allowance for Loan Losses (Tables)	3 Months Ended
	Mar. 31, 2017
Loan Receivables Evaluated for Impairment Individually and Collectively by Segment	Loan receivables evaluated for impairment individually and collectively by segment as of March 31, 2017 and December 31, 2016 are as follows: (Dollars in thousands) Mortgage Commercial Consumer As of March 31, 2017 on Real Estate Industrial Loans Total Individually evaluated for impairment $ 9,940 $ 92 $ — $ 10,032 Collectively evaluated for impairment 345,383 46,113 3,324 394,820 Total Gross Loans $ 355,323 $ 46,205 $ 3,324 $ 404,852 As of December 31, 2016 Individually evaluated for impairment $ 10,323 $ 92 $ — $ 10,415 Collectively evaluated for impairment 328,118 42,932 3,544 374,594 Total Gross Loans $ 338,441 $ 43,024 $ 3,544 $ 385,009
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, 2017 and December 31, 2016 are as follows: (Dollars in thousands) Mortgage Loans Commercial and Consumer As of March 31, 2017 on Real Estate Industrial Loans Total Individually evaluated for impairment $ 694 $ 92 $ — $ 786 Collectively evaluated for impairment 2,727 436 44 3,207 Total allowance for loan losses $ 3,421 $ 528 $ 44 $ 3,993 As of December 31, 2016 Mortgage Commercial Consumer Total Individually evaluated for impairment $ 803 $ 92 $ — $ 895 Collectively evaluated for impairment 2,515 401 52 2,968 Total allowance for loan losses $ 3,318 $ 493 $ 52 $ 3,863 A disaggregation and an analysis of the change in the allowance for loan losses by segment is shown below. (Dollars in thousands) For the Three Months Ended March 31, 2017 Mortgage Commercial Consumer Total ALLOWANCE FOR LOAN LOSSES: Beginning Balance $ 3,318 $ 493 $ 52 $ 3,863 (Charge-offs) (132 ) — (8 ) (140 ) Recoveries 78 — 2 80 Provision 157 35 (2 ) 190 Ending Balance $ 3,421 $ 528 $ 44 $ 3,993 For the Three Months Ended March 31, 2016 Mortgage Commercial Consumer Total 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
Internal Risk Rating Grades	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 3) are evaluated as new information becomes available for each borrowing relationship or at least quarterly. Construction, Commercial Commercial Land and Mortgages Mortgages Commercial (Dollars in thousands) Land (Non-Owner (Owner and As of March 31, 2017 Development Farmland Occupied) Occupied) Industrial Total Grade: Pass $ 36,423 $ 994 $ 30,571 $ 32,412 $ 44,441 $ 144,841 Watch 5,762 — 4,375 7,732 1,538 19,407 Special mention 179 — 270 — 40 489 Substandard 1,755 — 248 2,406 186 4,595 Doubtful — — — — — — Total $ 44,119 $ 994 $ 35,464 $ 42,550 $ 46,205 $ 169,332 Construction, Commercial Commercial Land and Mortgages Mortgages Commercial Land (Non-Owner (Owner and As of December 31, 2016 Development Farmland Occupied) Occupied) Industrial Total Grade: Pass $ 32,009 $ 1,023 $ 30,639 $ 31,191 $ 40,841 $ 135,703 Watch 5,795 — 4,184 6,652 1,891 18,522 Special mention 180 — 272 1,453 125 2,030 Substandard 1,834 — 248 2,529 167 4,778 Doubtful — — — — — — Total $ 39,818 $ 1,023 $ 35,343 $ 41,825 $ 43,024 $ 161,033
Performing and Non Performing Loans	Loans are considered to be nonperforming when they are delinquent by 90 days or more or non-accruing Residential (Dollars in thousands) Residential Revolving As of March 31, 2017 First and Junior Consumer PAYMENT ACTIVITY STATUS Mortgages (1) Mortgages (2) Loans (3) Total Performing $ 203,131 $ 26,051 $ 3,324 $ 232,506 Nonperforming 1,975 1,039 — 3,014 Total $ 205,106 $ 27,090 $ 3,324 $ 235,520 Residential Residential Revolving As of December 31, 2016 First and Junior Consumer PAYMENT ACTIVITY STATUS Mortgages (4) Mortgages (5) Loans (6) Total Performing $ 191,852 $ 26,265 $ 3,544 $ 221,661 Nonperforming 2,155 160 — 2,315 Total $ 194,007 $ 26,425 $ 3,544 $ 223,976 (1) Residential First Mortgages which have been assigned a risk rating grade of Substandard totaled $3.1million as of March 31, 2017. (2) Residential Revolving and Junior Mortgages which have been assigned a risk rating grade of Substandard totaled $1.9 million as of March 31, 2017. (3) No Consumer Loans had been assigned a risk rating grade of Substandard as of March 31, 2017. (4) Residential First Mortgages which have been assigned a risk rating grade of Substandard totaled $3.3 million as of December 31, 2016. (5) Residential Revolving and Junior Mortgages which have been assigned a risk rating grade of Substandard totaled $1.1 million as of December 31, 2016. (6) No Consumer Loans had been assigned a risk rating grade of Substandard as of December 31, 2016.
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, 2017 and December 31, 2016, along with the average recorded investment and interest income recognized for the three months ended March 31, 2017 and 2016, respectively. As of March 31, 2017 As of December 31, 2016 (Dollars in thousands) IMPAIRED LOANS Recorded Customers’ Unpaid Related Recorded Customers’ Unpaid Related With no related allowance: Construction, Land and Land Development $ 1,455 $ 1,535 $ — $ 1,531 $ 1,539 $ — Residential First Mortgages 2,104 2,171 — 2,112 2,176 — Residential Revolving and Junior Mortgages (1) 995 999 — 995 999 — Commercial Mortgages (Non-owner 248 248 — 248 248 — Commercial Mortgages (Owner occupied) 2,030 2,351 — 1,860 2,178 — Commercial and Industrial — — — — — — 6,832 7,304 — 6,746 7,140 — With an allowance recorded: Construction, Land and Land Development 239 285 140 243 286 145 Residential First Mortgages 1,942 1,942 338 1,951 1,951 367 Residential Revolving and Junior Mortgages (1) 526 528 175 544 546 199 Commercial Mortgages (Non-owner — — — — — — Commercial Mortgages (Owner occupied) 401 421 41 839 854 92 Commercial and Industrial 92 101 92 92 101 92 3,200 3,277 786 3,669 3,738 895 Total Impaired Loans: Construction, Land and Land Development 1,694 1,820 140 1,774 1,825 145 Residential First Mortgages 4,046 4,113 338 4,063 4,127 367 Residential Revolving and Junior Mortgages (1) 1,521 1,527 175 1,539 1,545 199 Commercial Mortgages (Non-owner 248 248 — 248 248 — Commercial Mortgages (Owner occupied) 2,431 2,772 41 2,699 3,032 92 Commercial and Industrial 92 101 92 92 101 92 $ 10,032 $ 10,581 $ 786 $ 10,415 $ 10,878 $ 895 Notes: (1) Junior mortgages include equity lines. For the three months ended March 31, 2017 March 31, 2016 (Dollars in thousands) Average Interest Average Interest With no related allowance: Construction, land and land development $ 1,493 $ 13 $ 991 $ 14 Residential First Mortgages 2,108 5 2,783 26 Residential Revolving and Junior Mortgages (1) 995 10 468 9 Commercial Mortgages (Non-owner 248 4 256 4 Commercial Mortgages (Owner occupied) 2,159 5 1,090 17 Commercial and Industrial — — — — 7,003 37 5,588 70 With an allowance recorded: Construction, land and land development 241 1 260 1 Residential First Mortgages 1,946 24 2,905 21 Residential Revolving and Junior Mortgages (1) 527 5 309 4 Commercial Mortgages (Non-owner — — — — Commercial Mortgages (Owner occupied) 406 — 2,208 14 Commercial and Industrial 92 — 280 1 3,212 30 5,962 41 Total Construction, land and land development 1,734 14 1,251 15 Residential First Mortgages 4,054 29 5,688 47 Residential Revolving and Junior Mortgages (1) 1,522 15 777 13 Commercial Mortgages (Non-owner 248 4 256 4 Commercial Mortgages (Owner occupied) 2,565 5 3,298 31 Commercial and Industrial 92 — 280 1 $ 10,215 $ 67 $ 11,550 $ 111 (1) Junior mortgages include equity lines.
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, 2017 and December 31, 2016. There were no collateralized consumer residential mortgage loans in the process of foreclosure as of March 31, 2017. As of March 31, 2017 As of December 31, 2016 No. of Carrying No. of Carrying (Dollars in thousands) Properties Value Properties Value Residential 2 $ 831 2 $ 891 Land lots 7 586 7 547 Convenience store 1 60 1 59 Restaurant 1 55 1 55 Commerical properties 3 904 3 942 Total 14 $ 2,436 14 $ 2,494

Earnings per share (Tables)

Earnings per share (Tables)	3 Months Ended
	Mar. 31, 2017
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, 2017 March 31, 2016 Average Per share Average Per share Shares Amount Shares Amount Basic earnings per share 4,776,800 $ (0.04 ) 4,774,856 $ 0.11 Effect of dilutive securities: Stock options — 16,283 Diluted earnings per share 4,776,800 $ (0.04 ) 4,791,139 $ 0.11

Stock-Based Compensation (Table

Stock-Based Compensation (Tables)	3 Months Ended
	Mar. 31, 2017
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, 2017 2016 Risk free interest rate (5 year Treasury) 1.93 % 1.49 % Expected dividend yield 0 % 0 % Expected term (years) 5 5 Expected volatility 21.7 % 40.1 %
Summary of Stock Option Activity	Stock option activity for the three months ended March 31, 2017 is summarized below: Weighted Average Weighted Average Remaining Aggregate Exercise Contractual Intrinsic Shares Price Life (in years) Value (1) Options outstanding, January 1, 2017 218,300 $ 6.35 5.9 Granted 8,500 8.30 Forfeited (1,195 ) 8.43 Exercised — — Expired — — Options outstanding and exercisable, March 31, 2017 225,605 $ 6.41 5.9 $ 737,512 (1) The aggregate intrinsic value of a stock option in the table above represents the total pre-tax

Employee Benefit Plans (Tables)

Employee Benefit Plans (Tables)	3 Months Ended
	Mar. 31, 2017
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, 2017 2016 2017 2016 Service cost $ — $ — $ 5 $ 6 Interest cost 31 35 5 7 Expected return on plan assets (45 ) (48 ) — — Settlement loss 13 — — — Amortization of net gain — — (2 ) — Recognized net actuarial loss 19 19 — — Net periodic cost $ 18 $ 6 $ 8 $ 13

Long Term Debt (Tables)

Long Term Debt (Tables)	3 Months Ended
	Mar. 31, 2017
Advances of Long Term Debt	The nine advances are shown in the following table. Description Balance Originated Current Maturity Adjustable Rate Hybrid $ 10,000,000 4/12/2013 3.40178 % 4/13/2020 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 Fixed Rate Credit 5,000,000 1/17/2017 0.91000 % 10/1/2017 Fixed Rate Credit 5,000,000 1/20/2017 0.99500 % 12/20/2017 Fixed Rate Credit 10,000,000 3/1/2017 0.79000 % 5/29/2017 Fixed Rate Credit 5,000,000 3/6/2017 0.71000 % 4/5/2017 Fixed Rate Credit 10,000,000 3/30/2017 0.90000 % 4/28/2017 Fixed Rate Credit 5,000,000 3/31/2017 0.89000 % 5/1/2017 $ 60,000,000
Subordinated Debt	(Dollars in thousands) Balance as of March 31, 2017 6.5% Subordinated Debt $ 7,000 Less: Issuance costs (136 ) $ 6,864

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	3 Months Ended
	Mar. 31, 2017
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, 2017 and December 31, 2016: (Dollars in thousands) Fair Value Measurements at March 31, 2017 Using Description Balance Level 1 Level 2 Level 3 Securities available-for-sale: Corporate bonds $ 6,715 $ — $ — $ 6,715 U. S. Government agencies 24,235 — 24,235 — State and municipal obligations 18,876 — 18,876 — Total securities available-for-sale: $ 49,826 $ — $ 43,111 $ 6,715 Mortgage servicing rights $ 692 $ — $ — $ 692 Defined benefit plan assets: Cash and cash equivalents $ 3 $ 3 $ — $ — Mutual funds - fixed income 1,043 1,043 $ — $ — Mutual funds - equity 1,577 1,577 — — Total defined benefit plan assets $ 2,623 $ 2,623 $ — $ — Fair Value Measurements at December 31, 2016 Using Description Balance Level 1 Level 2 Level 3 Securities available-for-sale: Corporate bonds $ 7,704 $ — $ — $ 7,704 U. S. Government agencies 25,313 — 25,313 — State and municipal obligations 18,156 — 18,156 — Total securities available-for-sale: $ 51,173 $ — $ 43,469 $ 7,704 Mortgage servicing rights $ 671 $ — $ — $ 671 Defined benefit plan assets: Mutual funds - fixed income $ 1,041 $ 1,041 $ — $ — Mutual funds - equity 1,649 1,649 — — Total defined benefit plan assets $ 2,690 $ 2,690 $ — $ —
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, 2017 $ 671 $ 7,704 Purchases — — Impairments — — Fair value adjustments 21 11 Sales — (1,000 ) Balance, March 31, 2017 $ 692 $ 6,715
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, 2017 Using (Dollars in thousands) Description Balance as of Level 1 Level 2 Level 3 Impaired Loans, net $ 2,414 $ — $ — $ 2,414 Other real estate owned, net 2,436 — — 2,436 Fair Value Measurements at December 31, 2016 Using Description Balance as of Level 1 Level 2 Level 3 Impaired loans, net 2,774 — — 2,774 Other real estate owned, net $ 2,494 $ — $ — $ 2,494
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, 2017: Range Balance as of Valuation Unobservable (Weighted (Dollars in thousands) March 31, 2017 Technique Input Average) Impaired Loans, net $ 2,414 Discounted appraised value Selling Cost 0% - 20% (15% ) Lack of Marketability 50% - 100% (96% ) Other real estate owned, net 2,436 Discounted appraised value Selling Cost 3% - 13% (5% ) Lack of Marketability 10% -20% (11% ) The following table displays quantitative information about Level 3 Fair Value Measurements as of December 31, 2016: Range Balance as of Valuation Unobservable (Weighted (Dollars in thousands) December 31, 2016 Technique Input Average) Impaired Loans, net $ 2,774 Discounted appraised value Selling Cost 10% - 20% (16% ) Lack of Marketability 50% (50% ) Other real estate owned, net $ 2,494 Discounted appraised value Selling Cost 3% - 13% (5% ) Lack of Marketability 10% - 20% (11% )
Estimated Fair Values of Financial Instruments	The estimated fair values of financial instruments are shown in the following table. The carrying amounts in the table are included in the balance sheet under the applicable captions. Fair Value Measurements at March 31, 2017 Using (Dollars in thousands) Description Balance as of Fair Value as of Level 1 Level 2 Level 3 Financial Assets: Cash and due from banks $ 5,087 $ 5,087 $ 5,087 $ — $ — Interest-bearing deposits 6,826 6,826 6,826 — — Certificates of deposit 3,472 3,472 — 3,472 — Federal funds sold 336 336 336 — — Securities available-for-sale 49,826 49,826 — 43,111 6,715 Restricted securities 3,756 3,756 — — 3,756 Loans, net 401,268 400,988 — — 400,988 Accrued interest receivable 1,321 1,321 — 1,321 — Bank owned life insurance 9,944 9,944 9,944 — — Mortgage servicing rights 692 692 — — 692 Financial Liabilities: Non-interest-bearing $ 77,369 $ 77,369 $ 77,369 $ — $ — Savings and other interest-bearing deposits 169,027 167,027 — 167,027 — Time deposits 136,104 135,662 — — 135,662 Securities sold under repurchase agreements 8,489 8,489 — 8,489 — FHLB advances 60,000 59,352 — 59,352 — Subordinated debt 6,864 7,000 — — 7,000 Accrued interest payable 225 225 — 225 — Fair Value Measurements at December 31, 2016 Using (Dollars in thousands) Description Balance as of Fair Value as of Level 1 Level 2 Level 3 Financial Assets: Cash and due from banks $ 4,851 $ 4,851 $ 4,851 $ — $ — Interest-bearing deposits 7,501 7,501 7,501 — — Certificates of deposit 4,216 4,216 — 4,216 — Federal funds sold 2,350 2,350 2,350 — — Securities available-for-sale 51,173 51,173 — 43,469 7,704 Restricted securities 2,649 2,649 — — 2,649 Loans, net 381,537 384,468 — — 384,468 Loans held for sale 276 276 — — 276 Accrued interest receivable 1,372 1,372 — 1,372 — Bank owned life insurance 9,869 9,869 9,869 — — Mortgage servicing rights 671 671 — — 671 Financial Liabilities: Non-interest-bearing $ 74,799 $ 74,799 $ 74,799 $ — $ — Savings and other interest-bearing deposits 178,869 178,869 — 178,869 — Time deposits 128,050 127,497 — — 127,497 Securities sold under repurchase agreements 18,310 18,310 — 18,310 — FHLB advances 35,000 35,668 — 35,668 — Subordinated debt 6,860 7,000 — — 7,000 Accrued interest payable 331 331 — 331 —

Changes in Accumulated Other 31

Changes in Accumulated Other Comprehensive Income (Loss) (Tables)	3 Months Ended
	Mar. 31, 2017
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, 2017 Net Unrealized Pension and Accumulated Other Gains (Losses) Post-retirement Comprehensive (Dollars in thousands) on Securities Benefit Plans Income (Loss) Balance January 1, 2017 $ (520 ) $ (715 ) $ (1,235 ) Change in net unrealized holding gains on securities, before reclassification, net of tax expense of $13 27 — 27 Reclassification for previously unrealized net losses recognized in income, net of tax benefit of $2 3 — 3 Balance March 31, 2017 $ (490 ) $ (715 ) $ (1,205 ) For the Three Months Ended March 31, 2016 Net Unrealized Pension and Accumulated Other Gains (Losses) Post-retirement Comprehensive (Dollars in thousands) on Securities Benefit Plans Income (Loss) Balance January 1, 2016 $ 107 $ (883 ) $ (776 ) Change in net unrealized holding gains 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 )
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 (Loss) Income as follows. No unrealized gains (losses) on pension and post-employment related costs were reclassified to the Consolidated Statements of (Loss) Income in the three months ended March 31, 2017 and 2016. Accumulated Other Comprehensive Income (Loss) Reclassification for the Three Months Ended Holding (Losses) Gains on Securities (Dollars in thousands) March 31, 2017 March 31, 2016 Net (losses) gains on sale of securities available-for-securities $ (5 ) $ 6 Tax benefit (expense) 2 (2 ) Impact on net (loss) income $ (3 ) $ 4

General - Additional Informatio

General - Additional Information (Detail)	3 Months Ended
	Mar. 31, 2017
Organization Presentation And General [Line Items]
Business combination effective date	Apr. 1, 2017
Virginia Commonwealth Bank
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%

Business Combination - Addition

Business Combination - Additional Information (Detail) - Subsequent Event - Virginia BanCorp $ in Millions	Apr. 01, 2017USD ($)shares
Business Acquisition [Line Items]
Ownership percentage by shareholders of acquiring entity	51.00%
Ownership percentage by shareholders of acquired entity	49.00%
Common stock exchange ratio	1.178
Business combination, number of shares exchanged | shares	4,586,221
Business combination, value of shares exchanged | $	$ 40.5

Significant Accounting Polici34

Significant Accounting Policies - Additional Information (Detail) - USD ($)	3 Months Ended
	Mar. 31, 2017	Dec. 31, 2016
Significant Accounting Policies [Line Items]
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	$ 169,332,000	$ 161,033,000
Special Mention
Significant Accounting Policies [Line Items]
Loan Receivables	$ 489,000	$ 2,030,000
Loan due days	30 days
Residential First Mortgages
Significant Accounting Policies [Line Items]
Minimum balance in order to assign a risk rating grade	$ 1,000,000
Consumer and Other Loans
Significant Accounting Policies [Line Items]
Minimum balance in order to assign a risk rating grade	$ 250,000
Minimum
Significant Accounting Policies [Line Items]
Number of days past due for a loan to remain on accrual status	90 days
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, 2017	Dec. 31, 2016
Schedule of Available-for-sale Securities [Line Items]
Amortized Cost	$ 50,539	$ 51,929
Gross Unrealized Gains	146	116
Gross Unrealized (Losses)	(859)	(872)
Fair Value	49,826	51,173
Corporate Bonds
Schedule of Available-for-sale Securities [Line Items]
Amortized Cost	6,695	7,695
Gross Unrealized Gains	20	14
Gross Unrealized (Losses)		(5)
Fair Value	6,715	7,704
US Government Agencies
Schedule of Available-for-sale Securities [Line Items]
Amortized Cost	24,615	25,668
Gross Unrealized Gains	49	53
Gross Unrealized (Losses)	(429)	(408)
Fair Value	24,235	25,313
State and Municipal Obligations
Schedule of Available-for-sale Securities [Line Items]
Amortized Cost	19,229	18,566
Gross Unrealized Gains	77	49
Gross Unrealized (Losses)	(430)	(459)
Fair Value	$ 18,876	$ 18,156

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, 2017	Mar. 31, 2016
Schedule of Available-for-sale Securities [Line Items]
Gross realized gains		$ 15
Gross realized losses	$ (5)	(9)
Net realized (losses) gains	(5)	6
Aggregate proceeds	$ 995	$ 2,702

Securities - Additional Informa

Securities - Additional Information (Detail) $ in Thousands	3 Months Ended
	Mar. 31, 2017USD ($)Bond	Mar. 31, 2016	Dec. 31, 2016USD ($)Bond
Schedule of Available-for-sale Securities [Line Items]
Average yields (taxable equivalent) on securities	3.22%	3.03%
Market value of securities	$ 10,700		$ 19,100
Securities sold under repurchase agreements	8,489		18,310
Company's investment in Federal Home Loan Bank stock	3,000		1,900
Company's investment in Federal Reserve Bank stock	$ 595		$ 580
Municipal Securities
Schedule of Available-for-sale Securities [Line Items]
Bonds with unrealized loss positions | Bond	35		39
US Government Agencies
Schedule of Available-for-sale Securities [Line Items]
Bonds with unrealized loss positions | Bond	39		37
Corporate Bonds
Schedule of Available-for-sale Securities [Line Items]
Bonds with unrealized loss positions | Bond			1

Securities - Unrealized Loss Po

Securities - Unrealized Loss Positions (Detail) - USD ($) $ in Thousands	Mar. 31, 2017	Dec. 31, 2016
Schedule of Available-for-sale Securities [Line Items]
Less than 12 months, Fair Value	$ 33,872	$ 34,816
Less than 12 months, Unrealized Loss	(848)	(860)
12 months or more, Fair Value	1,248	1,308
12 months or more, Unrealized Loss	(11)	(12)
Fair Value, Total	35,120	36,124
Total Unrealized Loss	(859)	(872)
Corporate Bonds
Schedule of Available-for-sale Securities [Line Items]
Less than 12 months, Fair Value		995
Less than 12 months, Unrealized Loss		(5)
Fair Value, Total		995
Total Unrealized Loss		(5)
US Government Agencies
Schedule of Available-for-sale Securities [Line Items]
Less than 12 months, Fair Value	21,463	20,933
Less than 12 months, Unrealized Loss	(418)	(396)
12 months or more, Fair Value	1,248	1,308
12 months or more, Unrealized Loss	(11)	(12)
Fair Value, Total	22,711	22,241
Total Unrealized Loss	(429)	(408)
State and Municipal Obligations
Schedule of Available-for-sale Securities [Line Items]
Less than 12 months, Fair Value	12,409	12,888
Less than 12 months, Unrealized Loss	(430)	(459)
Fair Value, Total	12,409	12,888
Total Unrealized Loss	$ (430)	$ (459)

Low Income Housing Tax Credits

Low Income Housing Tax Credits - Additional Information (Detail) - Housing Equity Funds $ in Thousands	3 Months Ended
	Mar. 31, 2017USD ($)Investment
Schedule of Equity Method Investments [Line Items]
Number of investments in housing equity funds | Investment	3
Affordable housing investments and related tax benefits term	2,029
Tax credits and other tax benefits recognized related to investments	$ 17
Total projected tax credits to be received from investments	68
Other assets
Schedule of Equity Method Investments [Line Items]
Investments in housing equity funds	1,500
Other Liabilities
Schedule of Equity Method Investments [Line Items]
Additional capital calls expected for the fund	$ 1,500

Loans - Summary of Balances of

Loans - Summary of Balances of Loans (Detail) - USD ($) $ in Thousands	Mar. 31, 2017	Dec. 31, 2016
Summary of balances of loans
Total loans	$ 404,852	$ 385,009
Net unamortized deferred loan costs	409	391
Allowance for loan losses	(3,993)	(3,863)
Loans, net	401,268	381,537
Construction, Land and Land Development
Summary of balances of loans
Total loans	44,119	39,818
Farmland
Summary of balances of loans
Total loans	994	1,023
Commercial Mortgages (Non-Owner Occupied)
Summary of balances of loans
Total loans	35,464	35,343
Commercial Mortgages (Owner Occupied)
Summary of balances of loans
Total loans	42,550	41,825
Residential First Mortgages
Summary of balances of loans
Total loans	205,106	194,007
Residential Revolving and Junior Mortgages
Summary of balances of loans
Total loans	27,090	26,425
Commercial and Industrial
Summary of balances of loans
Total loans	46,205	43,024
Allowance for loan losses	(528)	(493)
Consumer and Other Loans
Summary of balances of loans
Total loans	3,324	3,544
Allowance for loan losses	$ (44)	$ (52)

Loans - Additional Information

Loans - Additional Information (Detail)	3 Months Ended
	Mar. 31, 2017
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, 2017	Dec. 31, 2016
Accounts, Notes, Loans and Financing Receivable [Line Items]
30-89 Days Past Due	$ 1,005	$ 2,679
90 Days or More Past Due and Still Accruing	0	0
Nonaccruals	5,820	5,300
Total Past Due and Nonaccruals	6,825	7,979
Current	398,027	377,030
Total Gross Loans	404,852	385,009
Construction, Land and Land Development
Accounts, Notes, Loans and Financing Receivable [Line Items]
90 Days or More Past Due and Still Accruing	0	0
Nonaccruals	547	623
Total Past Due and Nonaccruals	547	623
Current	43,572	39,195
Total Gross Loans	44,119	39,818
Farmland
Accounts, Notes, Loans and Financing Receivable [Line Items]
30-89 Days Past Due		57
90 Days or More Past Due and Still Accruing	0	0
Total Past Due and Nonaccruals		57
Current	994	966
Total Gross Loans	994	1,023
Commercial Mortgages (Non-Owner Occupied)
Accounts, Notes, Loans and Financing Receivable [Line Items]
90 Days or More Past Due and Still Accruing	0	0
Current	35,464	35,343
Total Gross Loans	35,464	35,343
Commercial Mortgages (Owner Occupied)
Accounts, Notes, Loans and Financing Receivable [Line Items]
30-89 Days Past Due		188
90 Days or More Past Due and Still Accruing	0	0
Nonaccruals	2,148	2,270
Total Past Due and Nonaccruals	2,148	2,458
Current	40,402	39,367
Total Gross Loans	42,550	41,825
Residential First Mortgages
Accounts, Notes, Loans and Financing Receivable [Line Items]
30-89 Days Past Due	402	1,546
90 Days or More Past Due and Still Accruing	0	0
Nonaccruals	1,975	2,155
Total Past Due and Nonaccruals	2,377	3,701
Current	202,729	190,306
Total Gross Loans	205,106	194,007
Residential Revolving and Junior Mortgages
Accounts, Notes, Loans and Financing Receivable [Line Items]
30-89 Days Past Due		480
90 Days or More Past Due and Still Accruing	0	0
Nonaccruals	1,039	160
Total Past Due and Nonaccruals	1,039	640
Current	26,051	25,785
Total Gross Loans	27,090	26,425
Commercial and Industrial
Accounts, Notes, Loans and Financing Receivable [Line Items]
30-89 Days Past Due	603	408
90 Days or More Past Due and Still Accruing	0	0
Nonaccruals	111	92
Total Past Due and Nonaccruals	714	500
Current	45,491	42,524
Total Gross Loans	46,205	43,024
Consumer and Other Loans
Accounts, Notes, Loans and Financing Receivable [Line Items]
90 Days or More Past Due and Still Accruing	0	0
Current	3,324	3,544
Total Gross Loans	$ 3,324	$ 3,544

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, 2017	Dec. 31, 2016
Accounts, Notes, Loans and Financing Receivable [Line Items]
Individually evaluated for impairment	$ 10,032	$ 10,415
Collectively evaluated for impairment	394,820	374,594
Total Gross Loans	404,852	385,009
Mortgage Loans on Real Estate
Accounts, Notes, Loans and Financing Receivable [Line Items]
Individually evaluated for impairment	9,940	10,323
Collectively evaluated for impairment	345,383	328,118
Total Gross Loans	355,323	338,441
Commercial and Industrial
Accounts, Notes, Loans and Financing Receivable [Line Items]
Individually evaluated for impairment	92	92
Collectively evaluated for impairment	46,113	42,932
Total Gross Loans	46,205	43,024
Consumer and Other Loans
Accounts, Notes, Loans and Financing Receivable [Line Items]
Collectively evaluated for impairment	3,324	3,544
Total Gross Loans	$ 3,324	$ 3,544

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, 2017	Dec. 31, 2016
Accounts, Notes, Loans and Financing Receivable [Line Items]
Individually evaluated for impairment	$ 786	$ 895
Collectively evaluated for impairment	3,207	2,968
Total allowance for loan losses	3,993	3,863
Mortgage Loans on Real Estate
Accounts, Notes, Loans and Financing Receivable [Line Items]
Individually evaluated for impairment	694	803
Collectively evaluated for impairment	2,727	2,515
Total allowance for loan losses	3,421	3,318
Commercial and Industrial
Accounts, Notes, Loans and Financing Receivable [Line Items]
Individually evaluated for impairment	92	92
Collectively evaluated for impairment	436	401
Total allowance for loan losses	528	493
Consumer and Other Loans
Accounts, Notes, Loans and Financing Receivable [Line Items]
Collectively evaluated for impairment	44	52
Total allowance for loan losses	$ 44	$ 52

Allowance for Loan Losses - A45

Allowance for Loan Losses - Allowance for Loan Losses by Portfolio Segment (Detail) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016
ALLOWANCE FOR LOAN LOSSES:
Beginning Balance	$ 3,863	$ 4,223
(Charge-offs)	(140)	(94)
Recoveries	80	13
(Recovery) provision	190	(35)
Ending Balance	3,993	4,107
Mortgage Loans on Real Estate
ALLOWANCE FOR LOAN LOSSES:
Beginning Balance	3,318	3,502
(Charge-offs)	(132)	(83)
Recoveries	78	6
(Recovery) provision	157	(15)
Ending Balance	3,421	3,410
Commercial and Industrial
ALLOWANCE FOR LOAN LOSSES:
Beginning Balance	493	599
Recoveries		5
(Recovery) provision	35	(25)
Ending Balance	528	579
Consumer and Other Loans
ALLOWANCE FOR LOAN LOSSES:
Beginning Balance	52	122
(Charge-offs)	(8)	(11)
Recoveries	2	2
(Recovery) provision	(2)	5
Ending Balance	$ 44	$ 118

Allowance for Loan Losses - Add

Allowance for Loan Losses - Additional Information (Detail)	3 Months Ended		12 Months Ended
	Mar. 31, 2017USD ($)Property	Mar. 31, 2016USD ($)	Dec. 31, 2016USD ($)Property
Accounts, Notes, Loans and Financing Receivable [Line Items]
Period of nonperforming loans	90 days
Non-accruing loans excluded from impaired loan	$ 671,000		$ 465,000
Non-accruing loans accrued interest	6,000		$ 2,000
Loans modified as TDRs	0	$ 0
Troubled debt restructuring subsequently defaulted	$ 0	$ 0
No. of Properties | Property	14		14
Residential
Accounts, Notes, Loans and Financing Receivable [Line Items]
Residential properties collateralized with loan | Property	0
No. of Properties | Property	2		2
Residential | Other assets
Accounts, Notes, Loans and Financing Receivable [Line Items]
Properties marketed for sale, value	$ 708,000
No. of Properties | Property	1
Branch Office | Other assets
Accounts, Notes, Loans and Financing Receivable [Line Items]
Properties marketed for sale, value			$ 403,000
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, 2017	Dec. 31, 2016
INTERNAL RISK RATING GRADES
Loan Receivables	$ 169,332	$ 161,033
Pass
INTERNAL RISK RATING GRADES
Loan Receivables	144,841	135,703
Watch
INTERNAL RISK RATING GRADES
Loan Receivables	19,407	18,522
Special Mention
INTERNAL RISK RATING GRADES
Loan Receivables	489	2,030
Substandard
INTERNAL RISK RATING GRADES
Loan Receivables	4,595	4,778
Construction, Land and Land Development
INTERNAL RISK RATING GRADES
Loan Receivables	44,119	39,818
Construction, Land and Land Development | Pass
INTERNAL RISK RATING GRADES
Loan Receivables	36,423	32,009
Construction, Land and Land Development | Watch
INTERNAL RISK RATING GRADES
Loan Receivables	5,762	5,795
Construction, Land and Land Development | Special Mention
INTERNAL RISK RATING GRADES
Loan Receivables	179	180
Construction, Land and Land Development | Substandard
INTERNAL RISK RATING GRADES
Loan Receivables	1,755	1,834
Farmland
INTERNAL RISK RATING GRADES
Loan Receivables	994	1,023
Farmland | Pass
INTERNAL RISK RATING GRADES
Loan Receivables	994	1,023
Commercial Mortgages (Non-Owner Occupied)
INTERNAL RISK RATING GRADES
Loan Receivables	35,464	35,343
Commercial Mortgages (Non-Owner Occupied) | Pass
INTERNAL RISK RATING GRADES
Loan Receivables	30,571	30,639
Commercial Mortgages (Non-Owner Occupied) | Watch
INTERNAL RISK RATING GRADES
Loan Receivables	4,375	4,184
Commercial Mortgages (Non-Owner Occupied) | Special Mention
INTERNAL RISK RATING GRADES
Loan Receivables	270	272
Commercial Mortgages (Non-Owner Occupied) | Substandard
INTERNAL RISK RATING GRADES
Loan Receivables	248	248
Commercial Mortgages (Owner Occupied)
INTERNAL RISK RATING GRADES
Loan Receivables	42,550	41,825
Commercial Mortgages (Owner Occupied) | Pass
INTERNAL RISK RATING GRADES
Loan Receivables	32,412	31,191
Commercial Mortgages (Owner Occupied) | Watch
INTERNAL RISK RATING GRADES
Loan Receivables	7,732	6,652
Commercial Mortgages (Owner Occupied) | Special Mention
INTERNAL RISK RATING GRADES
Loan Receivables		1,453
Commercial Mortgages (Owner Occupied) | Substandard
INTERNAL RISK RATING GRADES
Loan Receivables	2,406	2,529
Commercial and Industrial
INTERNAL RISK RATING GRADES
Loan Receivables	46,205	43,024
Commercial and Industrial | Pass
INTERNAL RISK RATING GRADES
Loan Receivables	44,441	40,841
Commercial and Industrial | Watch
INTERNAL RISK RATING GRADES
Loan Receivables	1,538	1,891
Commercial and Industrial | Special Mention
INTERNAL RISK RATING GRADES
Loan Receivables	40	125
Commercial and Industrial | Substandard
INTERNAL RISK RATING GRADES
Loan Receivables	$ 186	$ 167

Allowance for Loan Losses - Per

Allowance for Loan Losses - Performing and Non Performing Loans (Detail) - USD ($) $ in Thousands	Mar. 31, 2017		Dec. 31, 2016
Performing and non performing loans
Loan receivables	$ 235,520		$ 223,976
Performing
Performing and non performing loans
Loan receivables	232,506		221,661
Nonperforming
Performing and non performing loans
Loan receivables	3,014		2,315
Residential First Mortgages
Performing and non performing loans
Loan receivables	205,106	[1]	194,007	[2]
Residential First Mortgages | Performing
Performing and non performing loans
Loan receivables	203,131	[1]	191,852	[2]
Residential First Mortgages | Nonperforming
Performing and non performing loans
Loan receivables	1,975	[1]	2,155	[2]
Residential Revolving and Junior Mortgages
Performing and non performing loans
Loan receivables	27,090	[3]	26,425	[4]
Residential Revolving and Junior Mortgages | Performing
Performing and non performing loans
Loan receivables	26,051	[3]	26,265	[4]
Residential Revolving and Junior Mortgages | Nonperforming
Performing and non performing loans
Loan receivables	1,039	[3]	160	[4]
Consumer and Other Loans
Performing and non performing loans
Loan receivables	3,324	[5]	3,544	[6]
Consumer and Other Loans | Performing
Performing and non performing loans
Loan receivables	$ 3,324	[5]	$ 3,544	[6]
[1]	Residential First Mortgages which have been assigned a risk rating grade of Substandard totaled $3.1million as of March 31, 2017.
[2]	Residential First Mortgages which have been assigned a risk rating grade of Substandard totaled $3.3 million as of December 31, 2016.
[3]	Residential Revolving and Junior Mortgages which have been assigned a risk rating grade of Substandard totaled $1.9 million as of March 31, 2017.
[4]	Residential Revolving and Junior Mortgages which have been assigned a risk rating grade of Substandard totaled $1.1 million as of December 31, 2016.
[5]	No Consumer Loans had been assigned a risk rating grade of Substandard as of March 31, 2017.
[6]	No Consumer Loans had been assigned a risk rating grade of Substandard as of December 31, 2016.

Allowance for Loan Losses - P49

Allowance for Loan Losses - Performing and Non Performing Loans (Parenthetical) (Detail) - USD ($) $ in Thousands	Mar. 31, 2017		Dec. 31, 2016
Accounts, Notes, Loans and Financing Receivable [Line Items]
Risk rating grade totaled	$ 235,520		$ 223,976
Residential First Mortgages
Accounts, Notes, Loans and Financing Receivable [Line Items]
Risk rating grade totaled	205,106	[1]	194,007	[2]
Residential First Mortgages | Substandard
Accounts, Notes, Loans and Financing Receivable [Line Items]
Risk rating grade totaled	3,100		3,300
Residential Revolving and Junior Mortgages
Accounts, Notes, Loans and Financing Receivable [Line Items]
Risk rating grade totaled	27,090	[3]	26,425	[4]
Residential Revolving and Junior Mortgages | Substandard
Accounts, Notes, Loans and Financing Receivable [Line Items]
Risk rating grade totaled	1,900		1,100
Consumer and Other Loans
Accounts, Notes, Loans and Financing Receivable [Line Items]
Risk rating grade totaled	3,324	[5]	3,544	[6]
Consumer and Other Loans | Substandard
Accounts, Notes, Loans and Financing Receivable [Line Items]
Risk rating grade totaled	$ 0		$ 0
[1]	Residential First Mortgages which have been assigned a risk rating grade of Substandard totaled $3.1million as of March 31, 2017.
[2]	Residential First Mortgages which have been assigned a risk rating grade of Substandard totaled $3.3 million as of December 31, 2016.
[3]	Residential Revolving and Junior Mortgages which have been assigned a risk rating grade of Substandard totaled $1.9 million as of March 31, 2017.
[4]	Residential Revolving and Junior Mortgages which have been assigned a risk rating grade of Substandard totaled $1.1 million as of December 31, 2016.
[5]	No Consumer Loans had been assigned a risk rating grade of Substandard as of March 31, 2017.
[6]	No Consumer Loans had been assigned a risk rating grade of Substandard as of December 31, 2016.

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, 2017	Mar. 31, 2016	Dec. 31, 2016
Accounts, Notes, Loans and Financing Receivable [Line Items]
With no related allowance, Recorded Investment		$ 6,832		$ 6,746
With no related allowance, Customers' Unpaid Principal Balance		7,304		7,140
With an allowance recorded, Recorded Investment		3,200		3,669
With an allowance recorded, Customers' Unpaid Principal Balance		3,277		3,738
With an allowance recorded, Related Allowance		786		895
Total Impaired Loans, Recorded Investment		10,032		10,415
Total Impaired Loans, Customers' Unpaid Principal Balance		10,581		10,878
Total Impaired Loans, Related Allowance		786		895
With no related allowance, Average Recorded Investment		7,003	$ 5,588
With no related allowance, Interest Income Recognized		37	70
With an allowance recorded, Average Recorded Investment		3,212	5,962
With an allowance recorded, Interest Income Recognized		30	41
Total, Average Recorded Investment		10,215	11,550
Total, Interest Income Recognized		67	111
Construction, Land and Land Development
Accounts, Notes, Loans and Financing Receivable [Line Items]
With no related allowance, Recorded Investment		1,455		1,531
With no related allowance, Customers' Unpaid Principal Balance		1,535		1,539
With an allowance recorded, Recorded Investment		239		243
With an allowance recorded, Customers' Unpaid Principal Balance		285		286
With an allowance recorded, Related Allowance		140		145
Total Impaired Loans, Recorded Investment		1,694		1,774
Total Impaired Loans, Customers' Unpaid Principal Balance		1,820		1,825
Total Impaired Loans, Related Allowance		140		145
With no related allowance, Average Recorded Investment		1,493	991
With no related allowance, Interest Income Recognized		13	14
With an allowance recorded, Average Recorded Investment		241	260
With an allowance recorded, Interest Income Recognized		1	1
Total, Average Recorded Investment		1,734	1,251
Total, Interest Income Recognized		14	15
Residential First Mortgages
Accounts, Notes, Loans and Financing Receivable [Line Items]
With no related allowance, Recorded Investment		2,104		2,112
With no related allowance, Customers' Unpaid Principal Balance		2,171		2,176
With an allowance recorded, Recorded Investment		1,942		1,951
With an allowance recorded, Customers' Unpaid Principal Balance		1,942		1,951
With an allowance recorded, Related Allowance		338		367
Total Impaired Loans, Recorded Investment		4,046		4,063
Total Impaired Loans, Customers' Unpaid Principal Balance		4,113		4,127
Total Impaired Loans, Related Allowance		338		367
With no related allowance, Average Recorded Investment		2,108	2,783
With no related allowance, Interest Income Recognized		5	26
With an allowance recorded, Average Recorded Investment		1,946	2,905
With an allowance recorded, Interest Income Recognized		24	21
Total, Average Recorded Investment		4,054	5,688
Total, Interest Income Recognized		29	47
Residential Revolving and Junior Mortgages
Accounts, Notes, Loans and Financing Receivable [Line Items]
With no related allowance, Recorded Investment	[1]	995		995
With no related allowance, Customers' Unpaid Principal Balance	[1]	999		999
With an allowance recorded, Recorded Investment	[1]	526		544
With an allowance recorded, Customers' Unpaid Principal Balance	[1]	528		546
With an allowance recorded, Related Allowance	[1]	175		199
Total Impaired Loans, Recorded Investment	[1]	1,521		1,539
Total Impaired Loans, Customers' Unpaid Principal Balance	[1]	1,527		1,545
Total Impaired Loans, Related Allowance	[1]	175		199
With no related allowance, Average Recorded Investment	[1]	995	468
With no related allowance, Interest Income Recognized	[1]	10	9
With an allowance recorded, Average Recorded Investment	[1]	527	309
With an allowance recorded, Interest Income Recognized	[1]	5	4
Total, Average Recorded Investment	[1]	1,522	777
Total, Interest Income Recognized	[1]	15	13
Commercial Mortgages (Non-Owner Occupied)
Accounts, Notes, Loans and Financing Receivable [Line Items]
With no related allowance, Recorded Investment		248		248
With no related allowance, Customers' Unpaid Principal Balance		248		248
Total Impaired Loans, Recorded Investment		248		248
Total Impaired Loans, Customers' Unpaid Principal Balance		248		248
With no related allowance, Average Recorded Investment		248	256
With no related allowance, Interest Income Recognized		4	4
Total, Average Recorded Investment		248	256
Total, Interest Income Recognized		4	4
Commercial Mortgages (Owner Occupied)
Accounts, Notes, Loans and Financing Receivable [Line Items]
With no related allowance, Recorded Investment		2,030		1,860
With no related allowance, Customers' Unpaid Principal Balance		2,351		2,178
With an allowance recorded, Recorded Investment		401		839
With an allowance recorded, Customers' Unpaid Principal Balance		421		854
With an allowance recorded, Related Allowance		41		92
Total Impaired Loans, Recorded Investment		2,431		2,699
Total Impaired Loans, Customers' Unpaid Principal Balance		2,772		3,032
Total Impaired Loans, Related Allowance		41		92
With no related allowance, Average Recorded Investment		2,159	1,090
With no related allowance, Interest Income Recognized		5	17
With an allowance recorded, Average Recorded Investment		406	2,208
With an allowance recorded, Interest Income Recognized			14
Total, Average Recorded Investment		2,565	3,298
Total, Interest Income Recognized		5	31
Commercial and Industrial
Accounts, Notes, Loans and Financing Receivable [Line Items]
With an allowance recorded, Recorded Investment		92		92
With an allowance recorded, Customers' Unpaid Principal Balance		101		101
With an allowance recorded, Related Allowance		92		92
Total Impaired Loans, Recorded Investment		92		92
Total Impaired Loans, Customers' Unpaid Principal Balance		101		101
Total Impaired Loans, Related Allowance		92		$ 92
With an allowance recorded, Average Recorded Investment		92	280
With an allowance recorded, Interest Income Recognized			1
Total, Average Recorded Investment		$ 92	280
Total, Interest Income Recognized			$ 1
[1]	Junior mortgages include equity lines.

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, 2017USD ($)Property	Dec. 31, 2016USD ($)Property
Real Estate Properties [Line Items]
No. of Properties | Property	14	14
Carrying Value | $	$ 2,436	$ 2,494
Land lots
Real Estate Properties [Line Items]
No. of Properties | Property	7	7
Carrying Value | $	$ 586	$ 547
Convenience Stores
Real Estate Properties [Line Items]
No. of Properties | Property	1	1
Carrying Value | $	$ 60	$ 59
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	3	3
Carrying Value | $	$ 904	$ 942
Residential
Real Estate Properties [Line Items]
No. of Properties | Property	2	2
Carrying Value | $	$ 831	$ 891

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, 2017	Mar. 31, 2016
Earnings Per Share, Diluted, by Common Class, Including Two Class Method [Line Items]
Basic earnings per share	4,776,800	4,774,856
Effect of dilutive securities:
Stock options		16,283
Diluted earnings per share	4,776,800	4,791,139
Basic earnings per share	$ (0.04)	$ 0.11
Diluted earnings per share	$ (0.04)	$ 0.11

Earnings Per Share - Additional

Earnings Per Share - Additional Information (Detail) - shares	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016
Computation Of Earnings Per Share Line Items
Shares not included in computing diluted earnings per share because effects were anti-dilutive	91,368	68,473

Stock-Based Compensation Plans

Stock-Based Compensation Plans - Additional Information (Detail) - USD ($)	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares available for grant	317,209
Stock-based compensation expense	$ 59,000	$ 16,000
Unrecognized compensation expenses related to stock award	$ 0
Options granted	8,500	7,500
Options vested	8,500	7,500
Aggregate fair value of options granted	$ 16,000	$ 16,000
Executive | Restricted Stock
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share based compensation, restricted stock granted	12,500
Executive | Restricted Stock | Share-based Compensation Award, Tranche One
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share based compensation, restricted stock granted	5,000
Compensation expense	$ 43,000
Executive | Restricted Stock | Share-based Compensation Award, Tranche Two
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share based compensation, restricted stock granted	2,500
Option Vesting period	2 years
Compensation expense that will be recorded in the future	$ 20,000
Executive | Restricted Stock | Share-based Compensation Award, Tranche Three
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share based compensation, restricted stock granted	5,000
Option Vesting period	3 years
Compensation expense that will be recorded in the future	$ 40,000

Stock-Based Compensation - Fair

Stock-Based Compensation - Fair Value of Options (Detail)	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Risk free interest rate (5 year Treasury)	1.93%	1.49%
Expected dividend yield	0.00%	0.00%
Expected term (years)	5 years	5 years
Expected volatility	21.70%	40.10%

Stock-Based Compensation - Fa56

Stock-Based Compensation - Fair Value of Options (Parenthetical) (Detail)	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016
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, 2017	Mar. 31, 2016	Dec. 31, 2016
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Options outstanding, beginning		218,300
Granted, shares		8,500	7,500
Forfeited, shares		(1,195)
Exercised, shares		0
Expired, shares		0
Options outstanding and exercisable, ending		225,605		218,300
Options outstanding, beginning, Weighted Average Exercise Price		$ 6.35
Granted, Weighted Average Exercise Price		8.30
Forfeited, Weighted Average Exercise Price		8.43
Exercised, Weighted Average Exercise Price		0
Expired, Weighted Average Exercise Price		0
Options outstanding and exercisable, ending, Weighted Average Exercise Price		$ 6.41		$ 6.35
Options outstanding and exercisable, ending, Weighted Average Remaining Contractual Life		5 years 10 months 24 days		5 years 10 months 24 days
Options outstanding, ending, Aggregate Intrinsic Value	[1]	$ 737,512
[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, 2017. 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, 2017USD ($)
Defined Contribution Plan Disclosure [Line Items]
Minimum age of full-time employees	21 years
Conditional age-1 for availing plan	55 years
Conditional age-2 for availing plan	65 years
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	$ 1,000

Employee Benefit Plans - Compon

Employee Benefit Plans - Components of Net Periodic Benefit Cost (Gain) (Detail) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016
Pension Plan, Defined Benefit
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Interest cost	$ 31	$ 35
Expected return on plan assets	(45)	(48)
Settlement loss	13
Recognized net actuarial loss	19	19
Net periodic cost	18	6
Other Postretirement Benefit Plan, Defined Benefit
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Service cost	5	6
Interest cost	5	7
Amortization of net gain	(2)
Net periodic cost	$ 8	$ 13

Long Term Debt - Additional Inf

Long Term Debt - Additional Information (Detail)	May 28, 2015USD ($)	Mar. 31, 2017USD ($)Loan	Dec. 31, 2016USD ($)Loan
Debt Instrument [Line Items]
Federal Home Loan Bank advances		$ 60,000,000	$ 35,000,000
Number of FHLB debt advances | Loan		9	5
Immediate available credit		$ 54,800,000
Total line of credit		$ 120,800,000
Weighted average interest rate		1.31%	1.49%
Fixed Rate Credit | Federal Home Loan Bank Advances Drew in 2017
Debt Instrument [Line Items]
Federal Home Loan Bank advances		$ 25,000,000
Number of FHLB debt advances | Loan		4
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

Long Term Debt - Advances of De

Long Term Debt - Advances of Debt (Detail) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2017	Dec. 31, 2016
Debt Instrument [Line Items]
Federal Home Loan Bank advances	$ 60,000	$ 35,000
Adjustable Rate Hybrid | Federal Home Loan Bank Advances One
Debt Instrument [Line Items]
Federal Home Loan Bank advances	$ 10,000
Originated	Apr. 12, 2013
Current Interest Rate	3.40178%
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
Originated	Dec. 21, 2015
Current Interest Rate	0.99%
Maturity Date	Jun. 15, 2017
Fixed Rate Credit | Federal Home Loan Bank Advances Three
Debt Instrument [Line Items]
Federal Home Loan Bank advances	$ 5,000
Originated	Dec. 22, 2015
Current Interest Rate	1.08%
Maturity Date	Sep. 15, 2017
Fixed Rate Credit | Federal Home Loan Bank Advances Four
Debt Instrument [Line Items]
Federal Home Loan Bank advances	$ 5,000
Originated	Jan. 17, 2017
Current Interest Rate	0.91%
Maturity Date	Oct. 1, 2017
Fixed Rate Credit | Federal Home Loan Bank Advances Five
Debt Instrument [Line Items]
Federal Home Loan Bank advances	$ 5,000
Originated	Jan. 20, 2017
Current Interest Rate	0.995%
Maturity Date	Dec. 20, 2017
Fixed Rate Credit | Federal Home Loan Bank Advances Six
Debt Instrument [Line Items]
Federal Home Loan Bank advances	$ 10,000
Originated	Mar. 1, 2017
Current Interest Rate	0.79%
Maturity Date	May 29, 2017
Fixed Rate Credit | Federal Home Loan Bank Advances Seven
Debt Instrument [Line Items]
Federal Home Loan Bank advances	$ 5,000
Originated	Mar. 6, 2017
Current Interest Rate	0.71%
Maturity Date	Apr. 5, 2017
Fixed Rate Credit | Federal Home Loan Bank Advances Eight
Debt Instrument [Line Items]
Federal Home Loan Bank advances	$ 10,000
Originated	Mar. 30, 2017
Current Interest Rate	0.90%
Maturity Date	Apr. 28, 2017
Fixed Rate Credit | Federal Home Loan Bank Advances Nine
Debt Instrument [Line Items]
Federal Home Loan Bank advances	$ 5,000
Originated	Mar. 31, 2017
Current Interest Rate	0.89%
Maturity Date	May 1, 2017

Subordinated Debt (Detail)

Subordinated Debt (Detail) - USD ($)	Mar. 31, 2017	Dec. 31, 2016	May 28, 2015
Debt and Financial Instruments [Line Items]
Subordinated debt	$ 6,864,000	$ 6,860,000
Subordinated Debt Due May 2025
Debt and Financial Instruments [Line Items]
Debt instrument, face amount	7,000,000		$ 7,000,000
Less: Issuance costs	(136,000)
Subordinated debt	$ 6,864,000

Subordinated Debt (Parenthetica

Subordinated Debt (Parenthetical) (Detail)	Mar. 31, 2017	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, 2017$ / Loan	Dec. 31, 2016Loan$ / 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	139.00%	150.00%
Discount rate	14.00%	14.00%
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, 2017	Dec. 31, 2016
Securities available for sale:
Securities available-for-sale	$ 49,826	$ 51,173
Mortgage servicing rights	692	671
Defined benefit plan assets:
Defined Benefit Plan Fair Value Of Plan Assets	2,623	2,690
Corporate Bonds
Securities available for sale:
Securities available-for-sale	6,715	7,704
US Government Agencies
Securities available for sale:
Securities available-for-sale	24,235	25,313
State and Municipal Obligations
Securities available for sale:
Securities available-for-sale	18,876	18,156
Cash and Cash Equivalents
Defined benefit plan assets:
Defined Benefit Plan Fair Value Of Plan Assets	3
Fixed Income Funds
Defined benefit plan assets:
Defined Benefit Plan Fair Value Of Plan Assets	1,043	1,041
Equity Funds
Defined benefit plan assets:
Defined Benefit Plan Fair Value Of Plan Assets	1,577	1,649
Fair Value, Inputs, Level 1
Defined benefit plan assets:
Defined Benefit Plan Fair Value Of Plan Assets	2,623	2,690
Fair Value, Inputs, Level 1 | Cash and Cash Equivalents
Defined benefit plan assets:
Defined Benefit Plan Fair Value Of Plan Assets	3
Fair Value, Inputs, Level 1 | Fixed Income Funds
Defined benefit plan assets:
Defined Benefit Plan Fair Value Of Plan Assets	1,043	1,041
Fair Value, Inputs, Level 1 | Equity Funds
Defined benefit plan assets:
Defined Benefit Plan Fair Value Of Plan Assets	1,577	1,649
Fair Value, Inputs, Level 2
Securities available for sale:
Securities available-for-sale	43,111	43,469
Fair Value, Inputs, Level 2 | US Government Agencies
Securities available for sale:
Securities available-for-sale	24,235	25,313
Fair Value, Inputs, Level 2 | State and Municipal Obligations
Securities available for sale:
Securities available-for-sale	18,876	18,156
Fair Value, Inputs, Level 3
Securities available for sale:
Securities available-for-sale	6,715	7,704
Mortgage servicing rights	692	671
Fair Value, Inputs, Level 3 | Corporate Bonds
Securities available for sale:
Securities available-for-sale	$ 6,715	$ 7,704

Fair Value Measurements - Recon

Fair Value Measurements - Reconciliation of Items Using Level Three Inputs (Detail) $ in Thousands	3 Months Ended
	Mar. 31, 2017USD ($)
Mortgage Servicing Rights
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Beginning balance	$ 671
Purchases	0
Impairments	0
Fair value adjustments	21
Ending balance	692
Corporate Bonds
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Beginning balance	7,704
Purchases	0
Impairments	0
Fair value adjustments	11
Sales	(1,000)
Ending balance	$ 6,715

Fair Value Measurements - Summa

Fair Value Measurements - Summary of Assets Measured at Fair Value on Nonrecurring Basis (Detail) - USD ($) $ in Thousands	Mar. 31, 2017	Dec. 31, 2016
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Impaired Loans, net	$ 2,414	$ 2,774
Other real estate owned, net	2,436	2,494
Fair Value, Inputs, Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Impaired Loans, net	2,414	2,774
Other real estate owned, net	$ 2,436	$ 2,494

Fair Value Measurements - Sum68

Fair Value Measurements - Summary of Quantitative Fair Value Measurements for Level 3 (Detail) - USD ($) $ in Thousands	3 Months Ended	12 Months Ended
	Mar. 31, 2017	Dec. 31, 2016
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Impaired Loans, net	$ 2,414	$ 2,774
Other real estate owned, net	$ 2,436	$ 2,494
Impaired Loans
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Unobservable Input, Lack of Marketability		50.00%
Minimum | Impaired Loans
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Unobservable Input, Selling Cost	0.00%	10.00%
Unobservable Input, Lack of Marketability	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	20.00%	20.00%
Unobservable Input, Lack of Marketability	100.00%
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	15.00%	16.00%
Unobservable Input, Lack of Marketability	96.00%	50.00%
Weighted Average | Other Real Estate Owned
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Unobservable Input, Selling Cost	5.00%	5.00%
Unobservable Input, Lack of Marketability	11.00%	11.00%

Fair Value Measurements - Estim

Fair Value Measurements - Estimated Fair Values of Financial Instruments (Detail) - USD ($) $ in Thousands	Mar. 31, 2017	Dec. 31, 2016
Financial Assets:
Cash and due from banks	$ 5,087	$ 4,851
Interest-bearing deposits	6,826	7,501
Certificates of deposit	3,472	4,216
Federal funds sold	336	2,350
Securities available-for-sale	49,826	51,173
Restricted securities	3,756	2,649
Loans, net	401,268	381,537
Loans held for sale		276
Accrued interest receivable	1,321	1,372
Bank owned life insurance	9,944	9,869
Mortgage servicing rights	692	671
Financial Liabilities:
Non-interest-bearing liabilities	77,369	74,799
Savings and other interest-bearing deposits	169,027	178,869
Time deposits	136,104	128,050
Securities sold under repurchase agreements	8,489	18,310
FHLB advances	60,000	35,000
Subordinated debt	6,864	6,860
Accrued interest payable	225	331
Financial Assets:
Cash and due from banks	5,087	4,851
Interest-bearing deposits	6,826	7,501
Certificates of deposit	3,472	4,216
Federal funds sold	336	2,350
Securities available-for-sale	49,826	51,173
Restricted securities	3,756	2,649
Loans, net	400,988	384,468
Loans held for sale		276
Accrued interest receivable	1,321	1,372
Bank owned life insurance	9,944	9,869
Mortgage servicing rights	692	671
Financial Liabilities:
Non-interest-bearing liabilities	77,369	74,799
Savings and other interest-bearing deposits	167,027	178,869
Time deposits	135,662	127,497
Securities sold under repurchase agreements	8,489	18,310
FHLB advances	59,352	35,668
Subordinated debt	7,000	7,000
Accrued interest payable	225	331
Fair Value, Inputs, Level 1
Financial Assets:
Cash and due from banks	5,087	4,851
Interest-bearing deposits	6,826	7,501
Federal funds sold	336	2,350
Bank owned life insurance	9,944	9,869
Financial Liabilities:
Non-interest-bearing liabilities	77,369	74,799
Fair Value, Inputs, Level 2
Financial Assets:
Securities available-for-sale	43,111	43,469
Financial Assets:
Certificates of deposit	3,472	4,216
Securities available-for-sale	43,111	43,469
Accrued interest receivable	1,321	1,372
Financial Liabilities:
Savings and other interest-bearing deposits	167,027	178,869
Securities sold under repurchase agreements	8,489	18,310
FHLB advances	59,352	35,668
Accrued interest payable	225	331
Fair Value, Inputs, Level 3
Financial Assets:
Securities available-for-sale	6,715	7,704
Financial Assets:
Securities available-for-sale	6,715	7,704
Restricted securities	3,756	2,649
Loans, net	400,988	384,468
Loans held for sale		276
Mortgage servicing rights	692	671
Financial Liabilities:
Time deposits	135,662	127,497
Subordinated debt	$ 7,000	$ 7,000

Changes in Accumulated Other 70

Changes in Accumulated Other Comprehensive Income (Loss) - Balances in Accumulated Other Comprehensive Income (Loss) (Detail) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016
Accumulated Other Comprehensive Income (Loss) [Line Items]
Balance at beginning of period	$ 41,705
Change in net unrealized holding gains on securities, before reclassification, net of tax expense	27	$ 335
Reclassification for previously unrealized net (gains) losses recognized in income, net of tax expense (benefit)	3	(4)
Balance at end of period	41,617
Net Unrealized Gains (Losses) on Securities
Accumulated Other Comprehensive Income (Loss) [Line Items]
Balance at beginning of period	(520)	107
Change in net unrealized holding gains on securities, before reclassification, net of tax expense	27	335
Reclassification for previously unrealized net (gains) losses recognized in income, net of tax expense (benefit)	3	(4)
Balance at end of period	(490)	438
Pension and Post employment costs
Accumulated Other Comprehensive Income (Loss) [Line Items]
Balance at beginning of period	(715)	(883)
Balance at end of period	(715)	(883)
Accumulated Other Comprehensive Income (Loss)
Accumulated Other Comprehensive Income (Loss) [Line Items]
Balance at beginning of period	(1,235)	(776)
Balance at end of period	$ (1,205)	$ (445)

Changes in Accumulated Other 71

Changes in Accumulated Other Comprehensive Income (Loss) - Balances in Accumulated Other Comprehensive Income (Loss) (Parenthetical) (Detail) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016
Accumulated Other Comprehensive Income (Loss) [Line Items]
Change in net unrealized holding gains on securities, before reclassification, tax expense	$ 13	$ 173
Reclassification for previously unrealized net (gains) losses recognized in income, tax expense (benefit)	$ (2)	$ 2

Changes in Accumulated Other 72

Changes in Accumulated Other Comprehensive Income (Loss) - Reclassification of Unrealized Gains (Losses) and Impairments on Securities (Detail) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Tax benefit (expense)	$ 121	$ (153)
Net Unrealized Gains (Losses) on Securities | Reclassification out of Accumulated Other Comprehensive Income
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Net (losses) gains on sale of securities available-for-securities	(5)	6
Tax benefit (expense)	2	(2)
Impact on net (loss) income	$ (3)	$ 4