Bay Banks of Virginia (BAYK) 10-Q 9 Nov 17 2017 Q3 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	9 Months Ended
	Sep. 30, 2017	Oct. 31, 2017
Document Information [Line Items]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Sep. 30, 2017
Document Fiscal Year Focus	2,017
Document Fiscal Period Focus	Q3
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		13,193,983

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($) $ in Thousands	Sep. 30, 2017	Dec. 31, 2016	[1]
ASSETS
Cash and due from banks	$ 5,806	$ 4,851
Interest-bearing deposits	46,060	7,945
Certificates of deposit	3,224	4,216
Federal funds sold	23,357	1,906
Securities available-for-sale, at fair value	71,893	51,173
Restricted securities	6,000	2,649
Loans receivable, net of allowance for loan losses of $4,920 and $3,863	739,708	381,537
Loans held for sale	162	276
Premises and equipment, net	17,472	10,844
Accrued interest receivable	2,905	1,372
Other real estate owned, net	5,159	2,494
Bank owned life insurance	18,641	9,869
Goodwill	8,968	2,808
Mortgage servicing rights	978	671
Core deposit intangible	3,209
Other assets	6,394	4,099
Total assets	959,936	486,710
LIABILITIES
Noninterest-bearing deposits	99,531	74,799
Savings and interest-bearing demand deposits	297,150	178,869
Time deposits	338,732	128,050
Total deposits	735,413	381,718
Securities sold under repurchase agreements	17,091	18,310
Federal Home Loan Bank advances	75,000	35,000
Subordinated debt, net of issuance costs	6,873	6,860
Other liabilities	7,771	3,117
Total liabilities	842,148	445,005
SHAREHOLDERS' EQUITY
Common stock ($5 par value; authorized - 30,000,000 shares; outstanding - 13,193,983 and 4,774,856 shares, respectively)	65,970	23,874
Additional paid-in capital	37,099	2,872
Unearned employee stock ownership plan shares	(817)
Retained earnings	16,412	16,194
Accumulated other comprehensive loss, net	(876)	(1,235)
Total shareholders' equity	117,788	41,705
Total liabilities and shareholders' equity	$ 959,936	$ 486,710
[1]	Derived from the audited December 31, 2016 Consolidated Financial Statements

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Thousands	Sep. 30, 2017	Dec. 31, 2016	[1]
Loans, allowance for loan losses	$ 4,920	$ 3,863
Common stock, par value	$ 5	$ 5
Common stock, authorized shares	30,000,000	30,000,000
Common stock, outstanding shares	13,193,983	4,774,856
[1]	Derived from the audited December 31, 2016 Consolidated Financial Statements

Consolidated Statements of Inco

Consolidated Statements of Income - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2017	Sep. 30, 2016	Sep. 30, 2017	Sep. 30, 2016
INTEREST INCOME
Loans, including fees	$ 8,874	$ 4,153	$ 21,588	$ 12,140
Securities:
Taxable	329	233	946	651
Tax-exempt	116	123	344	394
Federal funds sold	43	1	77	2
Interest-bearing deposit accounts	116	25	176	52
Certificates of deposit	18	20	55	62
Total interest income	9,496	4,555	23,186	13,301
INTEREST EXPENSE
Deposits	1,292	648	2,999	1,934
Federal funds purchased		1	10	2
Securities sold under repurchase agreements	5	4	12	10
Subordinated debt	118	118	354	354
FHLB advances	279	118	681	360
Total interest expense	1,694	889	4,056	2,660
Net interest income	7,802	3,666	19,130	10,641
Provision for loan losses	1,075	259	1,833	407
Net interest income after provision for loan losses	6,727	3,407	17,297	10,234
NON-INTEREST INCOME
Income from fiduciary activities	217	253	691	696
Service charges and fees on deposit accounts	238	212	696	667
VISA-related fees	11	48	59	153
Non-deposit product income	105	83	300	263
Other service charges and fees	201	152	556	449
Secondary market lending income	157	165	358	465
Increase in cash surrender value of life insurance	133	73	341	197
Net gains on sale of securities available for sale	0	180	2	290
Other real estate gains (losses)	(9)	(6)	(102)	(94)
Other income	17	178	169	194
Total non-interest income	1,070	1,338	3,070	3,280
NON-INTEREST EXPENSES
Salaries and employee benefits	3,687	1,881	9,832	5,751
Occupancy expense	811	445	1,943	1,344
Software maintenance	299	152	897	494
Bank franchise tax	141	82	359	203
VISA expense		20	35	81
Telecommunications expense	111	42	215	130
FDIC assessments	119	96	315	280
Foreclosure property expense	45	11	114	40
Consulting expense	58	87	209	216
Advertising and marketing	100	59	227	160
Directors' fees	135	74	466	218
Audit and accounting fees	121	68	366	225
Merger expense	141		1,126
Intangible amortization	227		461
Other expense	787	548	2,274	1,739
Total non-interest expenses	6,782	3,565	18,839	10,881
Income before income taxes	1,015	1,180	1,528	2,633
Income tax expense	273	326	406	669
Net income	$ 742	$ 854	$ 1,122	$ 1,964
Basic Earnings Per Share
Average basic shares outstanding	10,488,227	4,774,856	8,175,431	4,774,856
Earnings per share, basic	$ 0.07	$ 0.18	$ 0.14	$ 0.41
Diluted Earnings Per Share
Average diluted shares outstanding	10,557,623	4,797,521	8,242,700	4,793,147
Earnings per share, diluted	$ 0.07	$ 0.18	$ 0.14	$ 0.41

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Income - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2017	Sep. 30, 2016	Sep. 30, 2017	Sep. 30, 2016
Net income	$ 742	$ 854	$ 1,122	$ 1,964
Unrealized gains on securities:
Unrealized holding gains arising during the period	59		545	895
Deferred tax expense	(20)		(185)	(305)
Reclassification of net securities gains recognized in net income		(180)	(2)	(290)
Deferred tax expense		62	1	99
Unrealized gains adjustment, net of tax	39	(118)	359	399
Total other comprehensive income	39	(118)	359	399
Comprehensive income	$ 781	$ 736	$ 1,481	$ 2,363

Consolidated Statements of Chan

Consolidated Statements of Changes in Shareholders' Equity - USD ($) $ in Thousands	Total		Private Placement	Unearned Employee Stock Ownership Plan Shares	Common Stock	Common StockPrivate Placement	Additional Paid-in Capital	Additional Paid-in CapitalPrivate Placement	Retained Earnings	Accumulated Other Comprehensive Income (Loss)
Balance at beginning of period at Dec. 31, 2015										$ (776)
Net income	$ 1,964
Other comprehensive income	399
Balance at end of period at Sep. 30, 2016										(377)
Balance at beginning of period at Jun. 30, 2016										(259)
Net income	854
Other comprehensive income	(118)
Balance at end of period at Sep. 30, 2016										(377)
Balance at beginning of period at Dec. 31, 2016	$ 41,705	[1]			$ 23,874		$ 2,872		$ 16,194	(1,235)
Balance at beginning of period, Shares at Dec. 31, 2016	4,774,856	[1]			4,774,856
Net income	$ 1,122								1,122
Other comprehensive income	359									359
Dividends declared	(904)								(904)
Issuance of common stock in connection with Virginia BanCorp acquisition	42,245			$ (911)	$ 22,931		20,225
Issuance of common stock in connection with Virginia BanCorp acquisition, Shares					4,586,221
Shares issued via private placement net of $2.1 million of issuance costs			$ 32,888			$ 18,919		$ 13,969
Shares issued via private placement net of $2.1 million of issuance costs, Shares						3,783,784
Stock options exercised	$ 195				$ 169		26
Stock options exercised, Shares	33,622				33,622
Restricted shares granted					$ 77		(77)
Restricted shares granted, Shares					15,500
Stock-based compensation expense	$ 178			94			84
Balance at end of period at Sep. 30, 2017	$ 117,788			(817)	$ 65,970		37,099		16,412	(876)
Balance at end of period, Shares at Sep. 30, 2017	13,193,983				13,193,983
Balance at beginning of period at Jun. 30, 2017										(915)
Net income	$ 742
Other comprehensive income	39
Balance at end of period at Sep. 30, 2017	$ 117,788			$ (817)	$ 65,970		$ 37,099		$ 16,412	$ (876)
Balance at end of period, Shares at Sep. 30, 2017	13,193,983				13,193,983
[1]	Derived from the audited December 31, 2016 Consolidated Financial Statements

Consolidated Statements of Cha7

Consolidated Statements of Changes in Shareholders' Equity (Parenthetical) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2017	Jun. 30, 2017	Sep. 30, 2017
Dividends declared per share	$ 0.04	$ 0.04
Private Placement
Shares issued via private placement, net of issuance costs			$ 2.1

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2017	Sep. 30, 2016
Cash Flows From Operating Activities
Net income	$ 1,122	$ 1,964
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	1,041	791
Net premium amortization and discount accretion of securities	271	320
Amortization of core deposit intangible	461
Accretion of time deposits	(219)
Amortization of subordinated debt issuance costs	13	12
Accretion of loan discount	(860)
Provision for loan losses	1,833	407
Stock compensation expense	178	16
Deferred tax benefit	(8)	(6)
(Gains) on securities available-for-sale	2	(290)
Increase in OREO valuation allowance	145	53
(Gain) loss on sale of other real estate	(44)	41
Decrease in mortgage servicing rights	16	68
Loan originations for sale	(10,204)	(14,232)
Loan sales	10,438	14,378
Gain on sold loans	(120)	(357)
Gain on sale of VISA loan portfolio		(150)
Increase in cash surrender value of life insurance	(342)	(197)
Decrease in accrued income and other assets	(137)	123
Increase in other liabilities	1,160	643
Net cash provided by operating activities	4,370	3,584
Cash Flows From Investing Activities
Proceeds from maturities and principal paydowns of available-for-sale securities	3,093	2,907
Proceeds from sales and calls of available-for-sale securities	17,662	14,582
Maturities of certificates of deposit	992	1,240
Purchases of available-for-sale securities and certificates of deposit	(19,121)	(15,356)
Purchase of Life Insurance		(2,000)
(Purchases) sales of restricted securities	(1,807)	522
Increase in Federal Funds Sold	(21,451)	(189)
Proceeds from the sale of VISA loan portfolio		1,301
Loan (originations) and principal collections, net	(57,147)	(20,277)
Loan purchases	(34,037)	(4,006)
Cash acquired in the merger with Virginia Commonwealth	14,698
Proceeds from sale of other real estate	603	244
Proceeds from sale of equipment	9
Purchases of premises and equipment	(1,643)	(168)
Net cash used in investing activities	(97,705)	(21,200)
Cash Flows From Financing Activities
Net (decrease) increase in demand, savings, and other interest-bearing deposits	(2,527)	17,593
Net increase in time deposits	88,512	524
Stock options exercised	195
Net (decrease) increase in securities sold under repurchase agreements	(1,219)	5,823
Issuance of stock	32,888
Dividend paid	(376)
Increase (decrease) in Federal Home Loan Bank advances	15,000	(15,000)
Net cash provided by financing activities	132,849	8,940
Net increase in cash and due from banks	39,514	(8,676)
Cash and cash equivalents (including interest-earning deposits) at beginning of period	12,796	20,299
Cash and cash equivalents (including interest-earning deposits) at end of period	51,866	11,623
Cash paid for:
Interest	4,303	2,549
Income taxes	690	70
Non-cash investing and financing:
Unrealized gain on investment securities	545	605
Loans transferred to other real estate owned	259	1,348
Loans originated to facilitate sale of OREO	164	116
Changes in deferred taxes resulting from OCI transactions	184	206
Transfer of loans to held for sale		$ 1,173
Business combination:
Assets acquired, net of cash acquired	315,845
Liabilities assumed	294,454
Net assets acquired, net of cash acquired	21,391
Unpaid dividends declared	$ 527

General

General	9 Months Ended
	Sep. 30, 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 VCB Financial Group, Inc., formerly known as Bay Trust Company (“VCBFG”) and 100% of Steptoes Holdings, LLC (“Steptoes Holdings”). The consolidated financial statements include the accounts of the Bank, VCBFG, Steptoes Holdings and Bay Banks of Virginia, Inc. The September 30, 2017 consolidated financial statements presented herein reflect combined operations of the business combination of the Company and Virginia BanCorp Inc. effective April 1, 2017, and described further in Note 2. 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	9 Months Ended
	Sep. 30, 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 $42.2 million at the time of closing. 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. The acquisition was accounted for using the acquisition method of accounting in accordance with Accounting Standards Codification 805, Business Combinations The following table details the total consideration paid by the Company on April 1, 2017 in connection with the acquisition of Virginia BanCorp, the fair value of the assets acquired and liabilities assumed, and the resulting goodwill. As Recorded As Recorded Fair Value by the (Dollars in thousands) by VCB Adjustments Company Consideration paid: Bay Banks of Virginia, Inc. common stock $ 42,247 Identifiable assets acquired: Cash and due from banks $ 2,356 $ — $ 2,356 Interest-bearing deposits 12,342 — 12,342 Securities available-for-sale 22,088 — 22,088 Restricted securities 1,543 — 1,543 Loans receivable 272,479 (59,907 ) 212,572 Loans held for sale — 55,648 55,648 Deferred income taxes 1,325 (500 ) 825 Premises and equipment 3,333 2,703 6,036 Accrued interest receivable 1,253 (24 ) 1,229 Other real estate owned 3,113 — 3,113 Core deposit intangible — 3,670 3,670 Bank owned life insurance 8,430 — 8,430 Mortgage servicing rights 324 — 324 Other assets 367 — 367 Total identified assets acquired 328,953 1,590 330,543 Identifiable liabilities assumed: Noninterest-bearing deposits 21,119 — 21,119 Savings and interest-bearing demand deposits 124,640 — 124,640 Time deposits 121,437 733 122,170 Federal Home Loan Bank advances 25,000 — 25,000 Other liabilities 1,525 — 1,525 Total identifiable liabilities assumed 293,721 733 294,454 Total identifiable assets assumed $ 35,232 $ 857 $ 36,089 Goodwill resulting from acquisition $ 6,158 Fair value of the major categories of assets acquired and liabilities assumed were determined as follows: Loans The acquired loans were recorded at fair value at the acquisition date of $268.2 million without carryover of Virginia BanCorp’s allowance for loan losses. Where loans exhibited characteristics of performance, fair value was determined based on a discounted cash flow analysis which included default estimates; loans without such characteristics, fair value was determined based on the estimated values of the underlying collateral. While estimating the amount and timing of both principal and interest cash flows expected to be collected, a market-based discount rate was applied. In this regard, the acquired loans were segregated into pools based on loan type and credit risk. Loan type was determined based on collateral type and purpose, industry segment and loan structure. Credit risk characteristics included risk rating groups pass, special mention, substandard, and doubtful and lien position. For valuation purposes, these pools were further disaggregated by maturity and pricing characteristics (e.g., fixed-rate, adjustable-rate, balloon maturities). At April 1, 2017, the gross contractual amounts of receivable and the fair value for the purchased credit impaired loans (“PCI”) were $8.3 million, while the estimated cash flows not expected to be collected were approximately $7.4 million. Information about the PCI loan portfolio at April 1, 2017 is as follows: (Dollars in thousands) April 1, 2017 Contractual principal and interest due $ 8,303 Nonaccretable difference 869 Expected cash flows 7,434 Accretable yield 1,354 Purchased credit impaired loans - estimated fair value $ 6,080 Loans which totaled approximately $55.4 million which were acquired were held for sale as of June 30, 2017. Management decided to withdraw these loans from held for sale status and classify them back as held to maturity loans in the 3 rd Premises and Equipment The fair value of Virginia BanCorp premises, including land, buildings and improvements, was determined based upon appraisal by licensed appraisers. These appraisals were based upon the best and highest use of the property with final values determined based upon an analysis of the cost, sales comparison and income capitalization approaches for each property appraised. The fair value of premises and equipment resulted in a $2.7 million fair value adjustment. Land is not depreciated. Core Deposit Intangible The fair value of the core deposit intangible (“CDI”) was determined based on a combined discounted economic benefit and market approach. The economic benefit was calculated as the cost savings between maintaining the core deposit base and using an alternate funding source, such as Federal Home Loan Bank of Atlanta (“FHLB”) advances. The life of the deposit base and projected deposit attrition rates was determined using Virginia BanCorp’s historical deposit data. The CDI fair value was estimated at $3.7 million or 2.52% of acquired deposits, excluding time deposits. The CDI is being amortized over a weighted average life of 92 months using a sum-of-the-months Time Deposits The fair value adjustment of time deposits represents a premium over the value of the contractual repayments of fixed-maturity deposits using prevailing market interest rates for similar term certificates of deposit. The resulting estimated fair value adjustment of certificates of deposit ranging in maturity from one month to five years is a $733 thousand premium and is being amortized into income on a level-yield basis over the weighted average remaining life. FHLB Advances The fair value of FHLB advances was considered to be equivalent to Virginia BanCorp’s recorded book balance as the advances matured in April 30, 2017. Deferred Tax Assets and Liabilities Certain deferred tax assets and liabilities were carried over to the Company from Virginia BanCorp based on the Company’s ability to utilize them in the future. Additionally, deferred tax assets and liabilities were established for acquisition accounting fair value adjustments as the future amortization/accretion of these adjustments represent temporary differences between book income and taxable income. Pro Forma Financial Information The table below illustrates the unaudited pro forma revenue and net income of the combined entities had the acquisition taken place on January 1, 2016. The unaudited combined pro forma revenue and net income combines the historical results of Virginia BanCorp with the Company’s consolidated statements of income for the period listed below, and while certain adjustments were made for the estimated effect of certain fair value adjustments and other acquisition-related activity, they are not indicative of what would have occurred had the acquisition actually taken place on January 1, 2016. Acquisition related expenses of $141 thousand and $1.1 million were included in the Company’s actual consolidated statements of income for the three and nine months ended September 30, 2017, respectively, but were excluded from the unaudited pro forma information listed below. Legacy Virginia BanCorp incurred $174 thousand of merger related expenses during the first three months of 2017 which was also excluded from the unaudited pro forma information below. Additionally, the Company expects to achieve further operational cost savings and other efficiencies as a result of the acquisition which are not reflected in the unaudited pro forma amounts below: For the Three Months Ended For the Nine Months Ended (Dollars in thousand) September 30, 2017 September 30, 2016 September 30, 2017 September 30, 2016 Net interest income $ 7,707 $ 6,872 $ 22,014 $ 20,443 Net income 906 1,653 2,752 4,443 Impact of Certain Acquisition Accounting Adjustments The net effect of the amortization and accretion of premiums and discounts associated with the Company’s acquisition accounting adjustments to assets acquired and liabilities assumed from Virginia BanCorp had the following impact on the consolidated statements of income for the three and nine months ended September 30, 2017. Three Months Nine Months Ended Ended (Dollars in thousands) September 30, 2017 September 30, 2017 Loans (1) $ 411 $ 860 Core deposit intangible (2) (226 ) (461 ) Time deposits (3) 103 219 Depreciation (4) (10 ) (20 ) Net impact to income before income taxes $ 278 $ 598 (1) Loan discount accretion is included in the “Loans, including fees” section of “Interest Income” in the consolidated statements of income. (2) Core deposit intangible premium amortization is included in “Other expense” section of “Non-Interest (3) Time deposit premium amortization is included in the “Deposits” section of “Interest Expense” in the consolidated statements of income. (4) Depreciation on the fair value mark up of fixed assets is included in “Occupancy expense” section of “Non-Interest

Significant Accounting Policies

Significant Accounting Policies	9 Months Ended
	Sep. 30, 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, charge-offs and discounts on acquired loans. 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 with the exception of PCI loans whose discount is being accreted to interest income. All interest accrued but not collected for loans that are placed on non-accrual Charge-off As soon as any loan becomes uncollectible, the loan will be charged down or charged off as follows: • If unsecured, the loan must be charged off in full. • If secured, the outstanding principal balance of the loan should be charged down to the net realizable value of the collateral. Loans should be considered uncollectible when: • No regularly scheduled payment has been made within four months, or • The loan is unsecured, the borrower files for bankruptcy protection and there is no other (guarantor, etc.) support from an entity outside of the bankruptcy proceedings. 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. All loans acquired in the merger and all loans originated since the merger are risk rated. Legacy loans originated prior to the merger that were 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 and general 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) all loans risk rated Special Mention or worse with balances of $400 thousand or more or where the borrower has filed for bankruptcy; and (2) all loans classified as a TDR . A specific allowance arises when the discounted cash flows (or collateral value or observable market price) of the impaired loan is lower than the carrying value of that loan. The general component collectively evaluates any loans not identified as impaired, which are typically smaller commercial loans, residential mortgages and consumer loans, grouped into segments and classes. Historical loss experience is calculated and applied to each segment or class, then adjusted for qualitative factors. Qualitative factors include changes in local and national economic indicators, such as unemployment rates, interest rates, gross domestic product growth and real estate market trends; the level of past due and nonaccrual loans; risk ratings on individual loans; strength of credit policies and procedures; loan officer experience; borrower credit scores; and other intrinsic risks related to the types and geographic locations of loans. These qualitative adjustments reflect management’s judgment of risks inherent in the segments. An unallocated component is maintained if needed to cover uncertainties that could affect management’s estimate of probable losses. Changes in the allowance for loan losses and the related provision expense can materially affect net income. The specific component of the ALL calculation accounts for the loan loss reserve necessary on impaired loans. A loan is considered impaired when, based on current information and events, it is probable that the Company will be unable to collect the scheduled payments of principal or interest when due according to the contractual terms of the loan agreement. Factors considered by management in determining impairment include payment status, collateral value, and the probability of collecting scheduled principal and interest payments when due. Loans that experience insignificant payment delays and payment shortfalls generally are not considered impaired. Management determines the significance of payment delays and payment shortfalls on a case-by-case 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 and general components results in the total estimated ALL. This estimate is inherently subjective and actual losses could be greater or less than the estimates. An ALL calculation is also performed on purchased performing loans. A comparison is then made to the remaining unaccreted discount associated with the purchase of those loans. If the ALL related to these loans exceeds the remaining unaccreted discount, that difference is added to the ALL that applies to non-purchased 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 Loans Acquired in a Business Combination The Company accounts for loans acquired in a business combination in accordance with the Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (“ASC”) Topic 805, “Business Combinations.” Accordingly, acquired loans are segregated between PCI loans and purchased performing loans (“PPL”) and are recorded at fair value on the date of acquisition without the carryover of the related allowance for loan losses. PCI loans are those for which there is evidence of credit deterioration since origination and for which it is probable at the date of acquisition that the Company will not collect all contractually required principal and interest payments. When determining fair market value, PCI loans were aggregated into pools of loans based on common characteristics as of the date of acquisition such as loan type, date of origination, and evidence of credit quality deterioration such as internal risk grades and past due and nonaccrual status. The Company estimates the amount and timing of expected cash flows for each loan or pool, and the expected cash flows in excess of amount paid is recorded as interest income over the remaining life of the loan or pool (accretable yield). These estimates include certain prepayment assumptions based on the nature of each loan pool. The excess of the loan’s or pool’s contractual principal and interest over expected cash flows is not recorded (nonaccretable difference). Over the life of the loan or pool, expected cash flows continue to be estimated. If the present value of expected cash flows is less than the carrying amount, a loss is recorded as a provision for loan losses. If the present value of expected cash flows is greater than the carrying amount, it is recognized as part of future interest income. Loans not designated PCI loans as of the acquisition date are designated purchased performing loans. The Company accounts for purchased performing loans using the contractual cash flows method of recognizing discount accretion based on the acquired loans’ contractual cash flows. Purchased performing loans are recorded at fair value, including a credit discount. The fair value discount is accreted as an adjustment to yield over the estimated lives of the loans. There is no allowance for loan losses established at the acquisition date for purchased performing or PCI loans. A provision for loan losses is recorded for any deterioration in these loans subsequent to the acquisition. Employee Stock Ownership Plan (“ESOP”) The Company currently has two ESOPs for the benefit of all eligible employees. Shares held by the legacy ESOP of the former Bank of Lancaster employees are considered outstanding for purposes of computing earnings per share as they are fully allocated. Unearned ESOP shares in the ESOP acquired in the merger (“new ESOP”), are shown as a reduction of shareholders’ equity. The unearned ESOP shares are not included in basic or diluted earnings per share calculation as discussed in Note 9. The use of dividends paid on allocated ESOP shares are at the discretion of the Company. Dividends on unallocated ESOP shares, if paid, are considered to be compensation expense. The Company recognizes compensation cost equal to the fair value of the ESOP shares during the periods in which they are committed to be released. The Company recognizes a tax deduction equal to the cost of shares released. The unearned ESOP shares are pledged to a third party to collateralize a direct loan to the ESOP. The loan is guaranteed by the Company and is recorded on the Company’s consolidated balance sheets. It is anticipated that the Company will make contributions to the new ESOP in amounts necessary to amortize the third-party loans over a nine year period. See note 12.

Amendments to the Accounting St

Amendments to the Accounting Standards Codification	9 Months Ended
	Sep. 30, 2017
Amendments to the Accounting Standards Codification	Note 4: Amendments to the Accounting Standards Codification In March 2017, the FASB issued Accounting Standards Update (“ASU”) No. 2017-09, “Compensation – Stock Compensation (Topic 718).” 2017-09 2017-09 In March 2017, the FASB issued Accounting Standards Update No. 2017-08, “Receivables—Nonrefundable Fees and Other Costs (Subtopic 310-20), 2017-08 In March 2017, the FASB issued ASU 2017-07, “Compensation – Retirement Benefits (Topic 715): Improving the Presentation of Net Periodic Pension Cost and Net Periodic Postretirement Benefit Cost.” 2017-07 2017-07 In January 2017, the FASB issued 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. The 2014-09

Securities

Securities	9 Months Ended
	Sep. 30, 2017
Securities	Note 5: Securities The aggregate amortized costs and fair values of the available-for-sale (Dollars in thousands) Gross Gross Available-for-sale Amortized Unrealized Unrealized Fair September 30, 2017 Cost Gains (Losses) Value Corporate bonds $ 6,696 $ 22 $ (1 ) $ 6,717 U.S. Government agencies 44,194 77 (298 ) 43,973 State and municipal obligations 21,211 186 (194 ) 21,203 $ 72,101 $ 285 $ (493 ) $ 71,893 Gross Gross Available-for-sale Amortized Unrealized Unrealized Fair December 31, 2016 Cost Gains (Losses) Value 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 For the nine months ended September 30, September 30, (Dollars in thousands) 2017 2016 2017 2016 Gross realized gains $ — $ 180 $ 7 $ 300 Gross realized losses — — (5 ) (10 ) Net realized gains $ 0 $ 180 $ 2 $ 290 Aggregate proceeds $ 0 $ 4,984 $ 17,662 $ 14,582 Average yields (taxable equivalent) on securities were 2.58% and 3.10% for the three months ended September 30, 2017 and 2016, respectively, and 3.26% and 3.07% for the nine months ended September 30, 2017 and 2016, respectively. Securities with a market value of $19.5 million and $19.1 million were pledged as collateral for repurchase agreements and for other purposes as required by law as of September 30, 2017 and December 31, 2016, respectively. As of September 30, 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 $17.1 million and $18.3 million as of September 30, 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 September 30, 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 September 30, 2017 included 40 federal agencies, one corporate bond and 21 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 September 30, 2017 Value Loss Value Loss Value Loss Corporate bonds $ 499 $ (1 ) $ — $ — $ 499 $ (1 ) U.S. Government agencies 23,120 (134 ) 7,296 (164 ) 30,416 (298 ) States and municipal obligations 4,613 (70 ) 3,448 (124 ) 8,061 (194 ) Total temporarily impaired securities $ 28,232 $ (205 ) $ 10,744 $ (288 ) $ 38,976 $ (493 ) 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 FHLB stock totaled $3.9 million and $1.9 million at September 30, 2017 and December 31, 2016, respectively. The Company also had an investment in Federal Reserve Bank of Richmond (“FRB”) stock which totaled $1.9 million and $580 thousand at September 30, 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	9 Months Ended
	Sep. 30, 2017
Low Income Housing Tax Credits	Note 6: Low Income Housing Tax Credits The Company had investments in three separate housing equity funds at September 30, 2017. The general purpose of these funds is to encourage and assist participants in investing in low-income low-income

Loans

Loans	9 Months Ended
	Sep. 30, 2017
Loans	Note 7: Loans The following is a summary of the balances of loans: (Dollars in thousands) September 30, 2017 December 31, 2016 Mortgage loans on real estate: Construction, Land and Land Development $ 63,046 $ 39,818 Farmland 936 1,023 Commercial Mortgages (Non-Owner 141,954 35,343 Commercial Mortgages (Owner Occupied) 73,615 41,825 Residential First Mortgages 269,017 194,007 Residential Revolving and Junior Mortgages 46,193 26,425 Commercial and Industrial loans 99,637 43,024 Consumer loans 48,640 3,544 Total loans 743,038 385,009 Net unamortized deferred loan costs and purchased discounts 1,590 391 Allowance for loan losses (4,920 ) (3,863 ) Loans, net $ 739,708 $ 381,537 The recorded investment in past due and non-accruing 90 Days or 30-89 More Past Total Past Days Due and Due and Total (Dollars in thousands) Past Due Still Accruing Nonaccruals Nonaccruals Current Loans September 30, 2017 Mortgage Loans on Real Estate: Construction, Land and Land Development $ 267 $ — $ 632 $ 899 $ 62,147 $ 63,046 Farmland — — — — 936 936 Commercial Mortgages (Non-Owner 452 — — 452 141,502 141,954 Commercial Mortgages (Owner Occupied) 243 — 1,717 1,960 71,655 73,615 Residential First Mortgages 1,621 — 1,318 2,939 266,078 269,017 Residential Revolving and Junior Mortgages 1,173 — 885 2,058 44,135 46,193 Commercial and Industrial 15 — 110 125 99,512 99,637 Consumer loans 449 3 137 589 48,051 48,640 Total $ 4,220 $ 3 $ 4,799 $ 9,022 $ 734,016 $ 743,038 90 Days or 30-89 More Past Total Past Days Due and Due and Total Past Due Still Accruing Nonaccruals Nonaccruals Current Loans December 31, 2016 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 The following table includes an aging analysis, based upon contractual terms, of the recorded investment of PCI loans as of September 30, 2017, included in the table above. 90 Days or 30-89 More Past Total Past Days Due and Due and Total (Dollars in thousands) Past Due Still Accruing Nonaccruals Nonaccruals Current Loans September 30, 2017 Mortgage Loans on Real Estate: Construction, Land and Land Development $ 0 $ — $ 0 $ 0 $ 1,413 $ 1,413 Commercial Mortgages (Non-Owner — — — — 182 182 Commercial Mortgages (Owner Occupied) 133 37 — 170 168 338 Residential First Mortgages — 144 — 144 3,697 3,841 Residential Revolving and Junior Mortgages — 19 — 19 31 50 Consumer loans 5 — — 5 69 74 Total $ 138 $ 200 $ 0 $ 338 $ 5,560 $ 5,898 The total outstanding balance of PCI loans as September 30, 2017 was $6.7 million

Allowance for Loan Losses

Allowance for Loan Losses	9 Months Ended
	Sep. 30, 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 September 30, 2017 and December 31, 2016 are as follows: Mortgage Commercial Consumer Loans and and Other (Dollars in thousands) on Real Estate Industrial Loans Total As of September 30, 2017 Loans individually evaluated for impairment $ 9,592 $ 92 $ — $ 9,684 Loans collectively evaluated for impairment 579,344 99,545 48,567 727,456 Loans acquired with deteriorated credit quality 5,825 — 73 5,898 Total Gross Loans $ 594,761 $ 99,637 $ 48,640 $ 743,038 As of December 31, 2016 Loans individually evaluated for impairment $ 10,323 $ 92 $ — $ 10,415 Loans 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 September 30, 2017 and December 31, 2016 are as follows: Mortgage Commercial Loans and Consumer (Dollars in thousands) on Real Estate Industrial Loans Total As of September 30, 2017 Loans individually evaluated for impairment $ 982 $ 92 $ — $ 1,074 Loans collectively evaluated for impairment 2,855 421 570 3,846 Loans acquired with deteriorated credit quality — — — — Total allowance for loan losses $ 3,837 $ 513 $ 570 $ 4,920 Mortgage Commercial Loans and Consumer on Real Estate Industrial Loans Total As of December 31, 2016 Loans individually evaluated for impairment $ 803 $ 92 $ — $ 895 Loans 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. Mortgage Commercial Loans on and Consumer (Dollars in thousands) Real Estate Industrial Loans Total For the Three Months Ended September 30, 2017 ALLOWANCE FOR LOAN LOSSES: Beginning Balance $ 3,686 $ 456 $ 99 $ 4,241 (Charge-offs) (75 ) — (366 ) (441 ) Recoveries 10 1 34 45 Provision (recovery) 216 56 803 1,075 Ending Balance $ 3,837 $ 513 $ 570 $ 4,920 Mortgage Commercial Loans on and Consumer Real Estate Industrial Loans Total For the Three Months Ended September 30, 2016 ALLOWANCE FOR LOAN LOSSES: Beginning Balance $ 2,995 $ 435 $ 117 $ 3,547 Reclassification of allowance related to sold loans $ (27 ) $ (27 ) (Charge-offs) (46 ) — (10 ) (56 ) Recoveries 15 — 3 18 Provision (recovery) 244 45 (30 ) 259 Ending Balance $ 3,208 $ 480 $ 53 $ 3,741 Mortgage Commercial Loans on and Consumer (Dollars in thousands) Real Estate Industrial Loans Total For the Nine Months Ended September 30, 2017 ALLOWANCE FOR LOAN LOSSES: Beginning Balance $ 3,318 $ 493 $ 52 $ 3,863 (Charge-offs) (348 ) — (567 ) (915 ) Recoveries 98 2 39 139 Provision (recovery) 769 18 1,046 1,833 Ending Balance $ 3,837 $ 513 $ 570 $ 4,920 Mortgage Commercial Loans on and Consumer Real Estate Industrial Loans Total For the Nine Months Ended September 30, 2016 ALLOWANCE FOR LOAN LOSSES: Beginning Balance $ 3,502 $ 599 $ 122 $ 4,223 Reclassification of allowance related to sold loans $ — $ — $ (27 ) $ (27 ) (Charge-offs) (702 ) (158 ) (41 ) (901 ) Recoveries 25 5 9 39 Provision (recovery) 383 34 (10 ) 407 Ending Balance $ 3,208 $ 480 $ 53 $ 3,741 Purchased Impaired Loans The following table presents the changes in the accretable yield for purchased impaired loans (refer to Note 3) since acquisition on April 1, 2017 through September 30, 2017 (in thousands): September 30, 2017 Balance at acquisition, April 1, 2017 $ 1,354 Accretion (179 ) Reclassifications from nonaccretable balance, net — Other changes, net — Balance as of September 30, 2017 $ 1,175 As of September 30, 2017 there was no allowance on PCI loans. 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. All loan portfolios acquired in the merger are risk graded using loan risk grading software that employs a variety of algorithms based on detailed account characteristics to include borrower’s payment history on a total relationship basis as well as loan to value exposure. For non-homogenous Construction, Residential Commercial Commercial Land and Residential Revolving Mortgages Mortgages Commercial Land First and Junior (Non-Owner (Owner and (Dollars in thousands) Development Farmland Mortgage Mortgage Occupied) Occupied) Industrial Consumer Total As of September 30, 2017 Grade: Pass $ 52,108 $ 936 $ 43,370 $ 20,276 $ 137,028 $ 58,894 $ 95,599 $ 45,154 $ 453,365 Watch 7,290 — 1,252 33 4,472 12,106 3,927 77 29,157 Special mention 175 — — — — 249 — — 424 Substandard 3,473 — 1,482 50 454 2,366 111 165 8,101 Doubtful — — — — — — — — — Total $ 63,046 $ 936 $ 46,104 $ 20,359 $ 141,954 $ 73,615 $ 99,637 $ 45,396 $ 491,047 Construction, Commercial Commercial Land and Mortgages Mortgages Commercial Land (Non-Owner (Owner and Development Farmland Occupied) Occupied) Industrial Total As of December 31, 2016 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 in the surviving bank’s legacy portfolios. 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 Residential Revolving First and Junior Consumer (Dollars in thousands) Mortgages (1) Mortgages (2) Loans (3) Total As of September 30, 2017 PAYMENT ACTIVITY STATUS Performing $ 221,629 $ 24,949 $ 3,244 $ 249,822 Nonperforming 1,284 885 — 2,169 Total $ 222,913 $ 25,834 $ 3,244 $ 251,991 Residential Residential Revolving First and Junior Consumer Mortgages (4) Mortgages (5) Loans (6) Total As of December 31, 2016 PAYMENT ACTIVITY STATUS 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 $2.2 million as of September 30, 2017. (2) Residential Revolving and Junior Mortgages which have been assigned a risk rating grade of Substandard totaled $927 thousand as of September 30, 2017. (3) No Consumer Loans had been assigned a risk rating grade of Substandard as of December 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 loans, excluding purchased impaired loans, with the associated allowance amount, if applicable, as of September 30, 2017 and December 31, 2016, along with the average recorded investment and interest income recognized for the three and nine months ended September 30, 2017 and 2016, respectively. As of September 30, 2017 As of December 31, 2016 Recorded Customers’ Unpaid Related Recorded Customers’ Unpaid Related (Dollars in thousands) Investment Principal Balance Allowance Investment Principal Balance Allowance IMPAIRED LOANS With no related allowance: Construction, Land and Land Development $ 367 $ 449 $ — $ 1,531 $ 1,539 $ — Residential First Mortgages 1,407 1,502 — 2,112 2,176 — Residential Revolving and Junior Mortgages (1) 481 491 — 995 999 — Commercial Mortgages (Non-owner 248 248 — 248 248 — Commercial Mortgages (Owner occupied) 1,027 985 — 1,860 2,178 — Commercial and Industrial — — — — — — 3,530 3,675 — 6,746 7,140 — With an allowance recorded: Construction, Land and Land Development 1,312 1,365 142 243 286 145 Residential First Mortgages 1,922 1,922 367 1,951 1,951 367 Residential Revolving and Junior Mortgages (1) 1,479 1,491 334 544 546 199 Commercial Mortgages (Non-owner — — — — — — Commercial Mortgages (Owner occupied) 1,355 1,399 139 839 854 92 Commercial and Industrial 92 101 92 92 101 92 6,160 6,278 1,074 3,669 3,738 895 Total Impaired Loans: Construction, Land and Land Development 1,679 1,814 142 1,774 1,825 145 Residential First Mortgages 3,329 3,424 367 4,063 4,127 367 Residential Revolving and Junior Mortgages (1) 1,960 1,982 334 1,539 1,545 199 Commercial Mortgages (Non-owner 248 248 — 248 248 — Commercial Mortgages (Owner occupied) 2,382 2,384 139 2,699 3,032 92 Commercial and Industrial 92 101 92 92 101 92 $ 9,690 $ 9,953 $ 1,074 $ 10,415 $ 10,878 $ 895 Notes: (1) Junior mortgages include equity lines. For the three months ended For the nine months ended September 30, 2017 September 30, 2016 September 30, 2017 September 30, 2016 Average Interest Average Interest Average Interest Average Interest Recorded Income Recorded Income Recorded Income Recorded Income (Dollars in thousands) Investment Recognized Investment Recognized Investment Recognized Investment Recognized With no related allowance: Construction, land and land development $ 367 $ — $ 1,533 $ 14 $ 385 $ — $ 1,262 $ 41 Residential First Mortgages 1,425 4 2,618 4 1,439 15 2,432 9 Residential Revolving and Junior Mortgages (1) 482 5 951 9 485 7 739 30 Commercial Mortgages (Non-owner 248 4 248 4 248 11 252 11 Commercial Mortgages (Owner occupied) 1,030 5 2,104 9 1,102 16 1,982 26 Commercial and Industrial — — — — — — — — 3,552 18 7,454 40 3,659 49 6,667 117 With an allowance recorded: Construction, land and land development 1,315 15 250 1 1,323 44 255 3 Residential First Mortgages 1,928 23 1,965 24 1,937 71 1,956 66 Residential Revolving and Junior Mortgages (1) 1,389 11 234 — 1,345 38 209 4 Commercial Mortgages (Non-owner — — — — — — — — Commercial Mortgages (Owner occupied) 1,372 4 686 5 1,381 19 691 17 Commercial and Industrial 92 — 92 — 92 — 105 1 6,096 53 3,227 30 6,078 172 3,216 91 Total Construction, land and land development 1,682 15 1,783 15 1,708 44 1,517 44 Residential First Mortgages 3,353 27 4,583 28 3,376 86 4,388 75 Residential Revolving and Junior Mortgages (1) 1,871 16 1,185 9 1,830 45 948 34 Commercial Mortgages (Non-owner 248 4 248 4 248 11 252 11 Commercial Mortgages (Owner occupied) 2,402 9 2,790 14 2,483 35 2,673 43 Commercial and Industrial 92 — 92 — 92 — 105 1 $ 9,648 $ 71 $ 10,681 $ 70 $ 9,737 $ 221 $ 9,883 $ 208 (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. No TDRs subsequently defaulted in the first nine months 2017 and one loan subsequently defaulted in the first nine months of 2016. The following table presents, by segments of loans, information related to loans modified as TDRs. For the three months ended For the three months ended September 30, 2017 September 30, 2016 Pre-Modification Post-Modification Pre-Modification Post-Modification (Dollars in thousands) Outstanding Outstanding Outstanding Outstanding Number of Recorded Recorded Number of Recorded Recorded TROUBLED DEBT RESTRUCTURINGS Loans Investment Investment Loans Investment Investment Residential first mortgages (1) — $ — $ — 0 $ 0 $ 0 (1) Modification was a capitalization of interest. For the nine months ended For the nine months ended September 30, 2017 September 30, 2016 Pre-Modification Post-Modification Pre-Modification Post-Modification (Dollars in thousands) Outstanding Outstanding Outstanding Outstanding Number of Recorded Recorded Number of Recorded Recorded TROUBLED DEBT RESTRUCTURINGS Loans Investment Investment Loans Investment Investment Residential first mortgages (1) — $ — $ — 1 $ 244 $ 244 (1) Modification was a capitalization of interest. Other Real Estate Owned The table below details the properties included in other real estate owned (“OREO”) as of September 30, 2017 and December 31, 2016. There was one collateralized consumer land loan from one borrower valued at $93 thousand in the process of foreclosure as of September 30, 2017. As of September 30, 2017 As of December 31, 2016 No. of Carrying No. of Carrying (Dollars in thousands) Properties Value Properties Value Residential 4 $ 889 2 $ 891 Land lots 17 3,089 7 547 Convenience store 1 55 1 59 Restaurant 1 55 1 55 Commerical properties 5 1,071 3 942 Total 28 $ 5,159 14 $ 2,494 Included in other assets as of September 30, 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	9 Months Ended
	Sep. 30, 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. Basic earnings per share amounts are computed by dividing the net income (the numerator) by the weighted average number of common shares outstanding (the denominator). Diluted earnings per share amounts assume the conversion, exercise or issuance of all potential common stock instruments unless the effect is to reduce the loss or increase the income per common share from continuing operations. For both computations, the weighted average number of unearned ESOP shares purchased by the ESOP, which have not been allocated to participant accounts, as well as unearned restricted shares, are not assumed to be outstanding. The weighted average unearned ESOP shares which were excluded from the computation were 136,376 and 104,510 for the three and nine months ended September 30, 2017, respectively. Capital Raise At the end of August 2017, the Company announced the completion of a $35 million capital raise offered to certain existing shareholders, institutional investors and other accredited investors, raising $32.9 million in common equity net of offering expenses. In the capital raise the Company sold 3,783,784 shares of its common stock at an offering price of $9.25 per share. September 30, 2017 September 30, 2016 September 30, 2017 September 30, 2016 Average Per share Average Per share Average Per share Average Per share Shares Amount Shares Amount Shares Amount Shares Amount Basic earnings per share 10,488,227 $ 0.07 4,774,856 $ 0.18 8,175,431 $ 0.14 4,774,856 $ 0.41 Effect of dilutive securities: Stock options 69,396 22,665 67,269 18,291 Diluted earnings per share 10,557,623 $ 0.07 4,797,521 $ 0.18 8,242,700 $ 0.14 4,793,147 $ 0.41 For the three months ended September 30, 2017 and 2016, options on 11,258 and 33,451 shares, respectively, were not included in computing diluted earnings per share because their effects were anti-dilutive. For the nine months ended September 30, 2017 and 2016, options on 21,258 and 47,041 shares, respectively, were not included in computing diluted earnings per share because their effects were anti-dilutive.

Stock-Based Compensation

Stock-Based Compensation	9 Months Ended
	Sep. 30, 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 309,709 shares available for grant under this plan at September 30, 2017. There was no stock-based compensation expense related to stock option awards for the three months ended September 30, 2017 and 2016. For the nine months ended September 30, 2017 and 2016, stock-based compensation expense related to stock option awards was $24 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 September 30, 2017. The variables used in these calculations of the fair value of the options are as follows: For the nine months ended September 30, 2017 2016 Risk free interest rate (5 year Treasury) 1.78% - 1.93% 1.49% Expected dividend yield 0% 0% Expected term (years) 5 5 Expected volatility 17.2% - 21.7% 40.1% Stock option activity for the nine months ended September 30, 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 13,000 8.54 Forfeited (1,195 ) 8.43 Exercised (33,622 ) 5.75 Expired (9,625 ) 13.76 Options outstanding and exercisable, September 30, 2017 186,858 $ 6.22 5.7 $ 635,628 (1) The aggregate intrinsic value of a stock option in the table above represents the total pre-tax In the first nine months of 2017, 15,500 shares of restricted stock were granted to four executives. Total unvested restricted shares were 10,500 as of September 30, 2017 and zero as of December 31, 2016. Stock based compensation related to restricted stock awards was $60 thousand and zero as of the nine months ended September 30, 2017 and 2016, respectively.

Employee Benefit Plans

Employee Benefit Plans	9 Months Ended
	Sep. 30, 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 five 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 Nine months ended September 30, 2017 2016 2017 2016 Service cost $ — $ — $ 15 $ 17 Interest cost 93 101 15 21 Expected return on plan assets (135 ) (142 ) — — Settlement loss 39 21 — — Amortization of net gain — — (6 ) — Recognized net actuarial loss 57 58 — — Net periodic cost $ 54 $ 38 $ 24 $ 38 The Company expects to make no contribution to its pension plan and $1 thousand to its post-retirement benefit plan during the remainder of 2017. The Company has contributed $5 thousand towards the post-retirement plan during the first nine months of 2017.

Long Term Debt

Long Term Debt	9 Months Ended
	Sep. 30, 2017
Long Term Debt	Note 12: Long Term Debt FHLB Debt As of September 30, 2017, the Bank had $75 million of outstanding FHLB debt, consisting of six advances. As of December 31, 2016, five advances totaling $35.0 million were outstanding. The $50.0 million advance that matured on October 2, 2017, 2017 and the $5.0 million daily rate advance were combined together and replaced with a $55.0 million fixed rate advance with an interest rate of 1.16% maturing on November 1, 2017. The $5.0 million fixed rate credit that was to mature on October 17, 2017 was replaced with a daily rate advance with an interest rate of 1.16% maturing on November 1, 2017. The six advances are shown in the following table. Current Maturity Description Balance (000’s) Originated Interest Rate Date Adjustable Rate Hybrid $ 10,000 4/12/2013 3.68350 4/13/2020 Fixed Rate Credit 5,000 1/17/2017 0.91000 10/17/2017 Fixed Rate Credit 5,000 1/20/2017 0.99500 12/20/2017 Daily Rate Credit 5,000 5/30/2017 1.32000 5/30/2018 Fixed Rate Credit 50,000 9/1/2017 1.15000 10/2/2017 $ 75,000 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 September 30, 2017, was $134.8 million against a total line of credit of $215.8 million. As of September 30, 2017 and December 31, 2016, the Company had $75.0 million and $35.0 million, respectively, in FHLB debt outstanding with a weighted average interest rate of 1.47% 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 September 30, 2017 6.5% Subordinated Debt $ 7,000 Less: Issuance costs (127 ) $ 6,873 ESOP Debt Acquired in the merger was $911 thousand of debt secured by unissued shares of stock in the Company’s ESOP plan. The four fixed rate amortizing notes each carry an interest rate of 3.25% with maturity dates ranging from March 1, 2019 to November 1, 2026. The unearned ESOP shares are pledged to a third party to collateralize a direct loan to the ESOP.

Fair Value Measurements

Fair Value Measurements	9 Months Ended
	Sep. 30, 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 “(MSR”) The MSR for the portfolio serviced for FNMA is recorded at fair value on a recurring basis, with changes in fair value recorded in the results of operations. A model is used to determine fair value, which establishes pools of performing loans, calculates cash flows for each pool and applies a discount rate to each pool. Loans are segregated into 14 pools based on each loan’s term and seasoning (age). All loans have fixed interest rates. Cash flows are then estimated by utilizing assumed service costs and prepayment speeds. Monthly service costs were assumed to be $6.33 per loan as of September 30, 2017 and $6.00 per loan as of December 31, 2016. Prepayment speeds are determined primarily based on the average interest rate of the loans in each pool. The prepayment scale used is the Public Securities Association (“PSA”) model, where “100% PSA” means prepayments are zero in the first month, then increase by 0.2% of the loan balance each month until reaching 6.0% in month 30. Thereafter, the 100% PSA model assumes an annual prepayment of 6.0% of the remaining loan balance. The average PSA speed assumption in the fair value model is 153% and 150% as of September 30, 2017 and December 31, 2016, respectively. A discount rate of 14.0% was then applied to each pool both as of September 30, 2017 and December 31, 2016. This discount rate is intended to represent the estimated market yield for the highest quality grade of comparable servicing. This MSR is classified as Level 3. Similarly, the MSR for the portfolio serviced for FHLMC is recorded at fair value on a recurring basis, with changes in fair value recorded in the results of operations. This MSR was acquired by the Bank as part of the merger with Virginia BanCorp effective April 1, 2017. A model is used to determine fair value, which establishes pools of performing loans, calculates cash flows for each pool and applies a discount rate to each. Loans are segregated into five pools based on each loan’s term and coupon strata. All loans have fixed interest rates. Cash flows are then estimated by utilizing assumed service costs and prepayment speeds. Monthly service costs were assumed to be $7.95 per loan as of September 30, 2017. Prepayment speeds are determined primarily based on the average interest rate and seasoning of the loans in each pool. The prepayment scale used is the PSA model as described above. The average PSA speed assumption in the fair value model is 202.19% as of September 30, 2017. The PSA speeds are converted to a constant prepayment rate (“CPR”) and then adjusted by applying betas in order to reflect the prepayment speeds of the portfolio based on historical payment behavior. As of September 30, 2017, an average CPR of 7.51% was applied based on the prior three years of history. Utilizing observed market prices in the secondary market, an average price of 103.59% was effectively applied in determining the market discount rate to be applied to the portfolio’s servicing cash flows. This rate is intended to represent the estimated market yield for the highest quality grade of comparable servicing. This MSR is classified as Level 3. The following table presents the balances of financial assets and liabilities measured at fair value on a recurring basis as of September 30, 2017 and December 31, 2016: (Dollars in thousands) Fair Value Measurements at September 30, 2017 Using Description Balance Level 1 Level 2 Level 3 Securities available-for-sale: Corporate bonds $ 6,717 $ — $ — $ 6,717 U. S. Government agencies 43,973 — 43,973 — State and municipal obligations 21,203 — 21,203 — Total securities available-for-sale: $ 71,893 $ — $ 65,176 $ 6,717 Mortgage servicing rights $ 978 $ — $ — $ 978 Defined benefit plan assets: Cash and cash equivalents $ 2 $ 2 $ — $ — Mutual funds - fixed income 987 987 — — Mutual funds - equity 1,543 1,543 — — Total defined benefit plan assets $ 2,532 $ 2,532 $ — $ — 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 — — Acquired in merger 324 — Impairments — — Fair value adjustments (17 ) 13 Sales — (1,000 ) Balance, September 30, 2017 $ 978 $ 6,717 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 (Dollars in thousands) Balance as of Description September 30, 2017 Level 1 Level 2 Level 3 Impaired Loans, net $ 5,086 $ — $ — $ 5,086 Other real estate owned, net 5,159 — — 5,159 Fair Value Measurements at Balance as of Description December 31, 2016 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 September 30, 2017: Range Balance as of Valuation Unobservable (Weighted (Dollars in thousands) September 30, 2017 Technique Input Average) Impaired Loans, net $ 5,086 Discounted appraised value Selling Cost 10% - 100% (20%) Lack of Marketability 50% - 75% (55%) Other real estate owned, net 5,159 Discounted appraised value Selling Cost 3% - 13% (7%) 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 September 30, 2017 Using (Dollars in thousands) Balance as of Fair Value as of Description September 30, 2017 September 30, 2017 Level 1 Level 2 Level 3 Financial Assets: Cash and due from banks $ 5,806 $ 5,806 $ 5,806 $ — $ — Interest-bearing deposits 46,060 46,060 46,060 — — Certificates of deposit 3,224 3,224 — 3,224 — Federal funds sold 23,357 23,357 23,357 — — Securities available-for-sale 71,893 71,893 — 65,176 6,717 Restricted securities 6,000 6,000 — — 6,000 Loans, net 739,708 745,665 — — 745,665 Loans held for sale 162 162 — — 162 Accrued interest receivable 2,905 2,905 — 2,905 — Bank owned life insurance 18,641 18,641 18,641 — — Mortgage servicing rights 978 978 — — 978 Financial Liabilities: Non-interest-bearing $ 99,531 $ 99,531 $ 99,531 $ — $ — Savings and other interest-bearing deposits 297,150 297,150 297,150 — — Time deposits 338,732 337,586 — — 337,586 Securities sold under repurchase agreements 17,091 17,091 — 17,091 — FHLB advances 75,000 75,520 — 75,520 — Subordinated debt 6,873 7,000 — — 7,000 Accrued interest payable 302 302 — 302 — Fair Value Measurements at December 31, 2016 Using (Dollars in thousands) Balance as of Fair Value as of Description December 31, 2016 December 31, 2016 Level 1 Level 2 Level 3 Financial Assets: Cash and due from banks $ 4,851 $ 4,851 $ 4,851 $ — $ — Interest-bearing deposits 7,945 7,945 7,945 — — Certificates of deposit 4,216 4,216 — 4,216 — Federal funds sold 1,906 1,906 1,906 — — 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 September 30, 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)	9 Months Ended
	Sep. 30, 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 September 30, 2017 Net Unrealized Pension and Accumulated Other Gains (Losses) Post-retirement Comprehensive (Dollars in thousands) on Securities Benefit Plans Income (Loss) Balance July 1, 2017 $ (200 ) $ (715 ) $ (915 ) Change in net unrealized holding gains on securities, before reclassification, net of tax expense of $20 39 — 39 Reclassification for previously unrealized net losses recognized in income, net of tax expense of $0 — — — Balance September 30, 2017 $ (161 ) $ (715 ) $ (876 ) For the Three Months Ended September 30, 2016 Net Unrealized Pension and Accumulated Other Gains (Losses) Post-retirement Comprehensive (Dollars in thousands) on Securities Benefit Plans Income (Loss) Balance July 1, 2016 $ 624 $ (883 ) $ (259 ) Change in net unrealized holding gains on securities, before reclassification — — — Reclassification for previously unrealized net gains recognized in income, net of tax expense of $62 (118 ) — (118 ) Balance September 30, 2016 $ 506 $ (883 ) $ (377 ) For the Nine Months Ended September 30, 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 $185 360 — 360 Reclassification for previously unrealized net losses recognized in income, net of tax expense of $1 (1 ) — (1 ) Balance September 30, 2017 $ (161 ) $ (715 ) $ (876 ) For the Nine Months Ended September 30, 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 $305 590 — 590 Reclassification for previously unrealized net gains recognized in income, net of tax expense of $99 (191 ) — (191 ) Balance September 30, 2016 $ 506 $ (883 ) $ (377 ) Reclassification for previously unrealized gains (losses) and impairments on securities are reported in the Consolidated Statements of Income as follows. No unrealized gains (losses) on pension and post-employment related costs were reclassified to the Consolidated Statements of Income in the three and nine months ended September 30, 2017 and 2016. Accumulated Other Comprehensive Income (Loss) Reclassification for the Three Months Ended Holding (Losses) Gains on Securities (Dollars in thousands) September 30, 2017 September 30, 2016 Net gains on sale of securities available-for-securities $ — $ 180 Tax expense — (62 ) Impact on net income $ — $ 118 Accumulated Other Comprehensive Income (Loss) Reclassification for the Nine Months Ended Holding (Losses) Gains on Securities (Dollars in thousands) September 30, 2017 September 30, 2016 Net gains on sale of securities available-for-securities $ 2 $ 290 Tax expense (1 ) (99 ) Impact on net income $ 1 $ 191

Significant Accounting Polici23

Significant Accounting Policies (Policies)	9 Months Ended
	Sep. 30, 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, charge-offs and discounts on acquired loans. 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 with the exception of PCI loans whose discount is being accreted to interest income. All interest accrued but not collected for loans that are placed on non-accrual
Charge-off of Uncollectible Loans	Charge-off As soon as any loan becomes uncollectible, the loan will be charged down or charged off as follows: • If unsecured, the loan must be charged off in full. • If secured, the outstanding principal balance of the loan should be charged down to the net realizable value of the collateral. Loans should be considered uncollectible when: • No regularly scheduled payment has been made within four months, or • The loan is unsecured, the borrower files for bankruptcy protection and there is no other (guarantor, etc.) support from an entity outside of the bankruptcy proceedings.
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. All loans acquired in the merger and all loans originated since the merger are risk rated. Legacy loans originated prior to the merger that were 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 and general 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) all loans risk rated Special Mention or worse with balances of $400 thousand or more or where the borrower has filed for bankruptcy; and (2) all loans classified as a TDR . A specific allowance arises when the discounted cash flows (or collateral value or observable market price) of the impaired loan is lower than the carrying value of that loan. The general component collectively evaluates any loans not identified as impaired, which are typically smaller commercial loans, residential mortgages and consumer loans, grouped into segments and classes. Historical loss experience is calculated and applied to each segment or class, then adjusted for qualitative factors. Qualitative factors include changes in local and national economic indicators, such as unemployment rates, interest rates, gross domestic product growth and real estate market trends; the level of past due and nonaccrual loans; risk ratings on individual loans; strength of credit policies and procedures; loan officer experience; borrower credit scores; and other intrinsic risks related to the types and geographic locations of loans. These qualitative adjustments reflect management’s judgment of risks inherent in the segments. An unallocated component is maintained if needed to cover uncertainties that could affect management’s estimate of probable losses. Changes in the allowance for loan losses and the related provision expense can materially affect net income. The specific component of the ALL calculation accounts for the loan loss reserve necessary on impaired loans. A loan is considered impaired when, based on current information and events, it is probable that the Company will be unable to collect the scheduled payments of principal or interest when due according to the contractual terms of the loan agreement. Factors considered by management in determining impairment include payment status, collateral value, and the probability of collecting scheduled principal and interest payments when due. Loans that experience insignificant payment delays and payment shortfalls generally are not considered impaired. Management determines the significance of payment delays and payment shortfalls on a case-by-case 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 and general components results in the total estimated ALL. This estimate is inherently subjective and actual losses could be greater or less than the estimates. An ALL calculation is also performed on purchased performing loans. A comparison is then made to the remaining unaccreted discount associated with the purchase of those loans. If the ALL related to these loans exceeds the remaining unaccreted discount, that difference is added to the ALL that applies to non-purchased 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
Loans Acquired in a Business Combination	Loans Acquired in a Business Combination The Company accounts for loans acquired in a business combination in accordance with the Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (“ASC”) Topic 805, “Business Combinations.” Accordingly, acquired loans are segregated between PCI loans and purchased performing loans (“PPL”) and are recorded at fair value on the date of acquisition without the carryover of the related allowance for loan losses. PCI loans are those for which there is evidence of credit deterioration since origination and for which it is probable at the date of acquisition that the Company will not collect all contractually required principal and interest payments. When determining fair market value, PCI loans were aggregated into pools of loans based on common characteristics as of the date of acquisition such as loan type, date of origination, and evidence of credit quality deterioration such as internal risk grades and past due and nonaccrual status. The Company estimates the amount and timing of expected cash flows for each loan or pool, and the expected cash flows in excess of amount paid is recorded as interest income over the remaining life of the loan or pool (accretable yield). These estimates include certain prepayment assumptions based on the nature of each loan pool. The excess of the loan’s or pool’s contractual principal and interest over expected cash flows is not recorded (nonaccretable difference). Over the life of the loan or pool, expected cash flows continue to be estimated. If the present value of expected cash flows is less than the carrying amount, a loss is recorded as a provision for loan losses. If the present value of expected cash flows is greater than the carrying amount, it is recognized as part of future interest income. Loans not designated PCI loans as of the acquisition date are designated purchased performing loans. The Company accounts for purchased performing loans using the contractual cash flows method of recognizing discount accretion based on the acquired loans’ contractual cash flows. Purchased performing loans are recorded at fair value, including a credit discount. The fair value discount is accreted as an adjustment to yield over the estimated lives of the loans. There is no allowance for loan losses established at the acquisition date for purchased performing or PCI loans. A provision for loan losses is recorded for any deterioration in these loans subsequent to the acquisition.
Employee Stock Ownership Plan ("ESOP")	Employee Stock Ownership Plan (“ESOP”) The Company currently has two ESOPs for the benefit of all eligible employees. Shares held by the legacy ESOP of the former Bank of Lancaster employees are considered outstanding for purposes of computing earnings per share as they are fully allocated. Unearned ESOP shares in the ESOP acquired in the merger (“new ESOP”), are shown as a reduction of shareholders’ equity. The unearned ESOP shares are not included in basic or diluted earnings per share calculation as discussed in Note 9. The use of dividends paid on allocated ESOP shares are at the discretion of the Company. Dividends on unallocated ESOP shares, if paid, are considered to be compensation expense. The Company recognizes compensation cost equal to the fair value of the ESOP shares during the periods in which they are committed to be released. The Company recognizes a tax deduction equal to the cost of shares released. The unearned ESOP shares are pledged to a third party to collateralize a direct loan to the ESOP. The loan is guaranteed by the Company and is recorded on the Company’s consolidated balance sheets. It is anticipated that the Company will make contributions to the new ESOP in amounts necessary to amortize the third-party loans over a nine year period. See note 12.

Business Combination (Tables)

Business Combination (Tables)	9 Months Ended
	Sep. 30, 2017
Schedule of Fair Value of Assets Acquired and Liabilities Assumed	The following table details the total consideration paid by the Company on April 1, 2017 in connection with the acquisition of Virginia BanCorp, the fair value of the assets acquired and liabilities assumed, and the resulting goodwill. As Recorded As Recorded Fair Value by the (Dollars in thousands) by VCB Adjustments Company Consideration paid: Bay Banks of Virginia, Inc. common stock $ 42,247 Identifiable assets acquired: Cash and due from banks $ 2,356 $ — $ 2,356 Interest-bearing deposits 12,342 — 12,342 Securities available-for-sale 22,088 — 22,088 Restricted securities 1,543 — 1,543 Loans receivable 272,479 (59,907 ) 212,572 Loans held for sale — 55,648 55,648 Deferred income taxes 1,325 (500 ) 825 Premises and equipment 3,333 2,703 6,036 Accrued interest receivable 1,253 (24 ) 1,229 Other real estate owned 3,113 — 3,113 Core deposit intangible — 3,670 3,670 Bank owned life insurance 8,430 — 8,430 Mortgage servicing rights 324 — 324 Other assets 367 — 367 Total identified assets acquired 328,953 1,590 330,543 Identifiable liabilities assumed: Noninterest-bearing deposits 21,119 — 21,119 Savings and interest-bearing demand deposits 124,640 — 124,640 Time deposits 121,437 733 122,170 Federal Home Loan Bank advances 25,000 — 25,000 Other liabilities 1,525 — 1,525 Total identifiable liabilities assumed 293,721 733 294,454 Total identifiable assets assumed $ 35,232 $ 857 $ 36,089 Goodwill resulting from acquisition $ 6,158
Schedule of Information about the PCI Impaired Loan	Information about the PCI loan portfolio at April 1, 2017 is as follows: (Dollars in thousands) April 1, 2017 Contractual principal and interest due $ 8,303 Nonaccretable difference 869 Expected cash flows 7,434 Accretable yield 1,354 Purchased credit impaired loans - estimated fair value $ 6,080
Schedule of Unaudited Pro Forma Financial Information	Additionally, the Company expects to achieve further operational cost savings and other efficiencies as a result of the acquisition which are not reflected in the unaudited pro forma amounts below: For the Three Months Ended For the Nine Months Ended (Dollars in thousand) September 30, 2017 September 30, 2016 September 30, 2017 September 30, 2016 Net interest income $ 7,707 $ 6,872 $ 22,014 $ 20,443 Net income 906 1,653 2,752 4,443
Schedule of Impact of Certain Acquisition Accounting Adjustments	The net effect of the amortization and accretion of premiums and discounts associated with the Company’s acquisition accounting adjustments to assets acquired and liabilities assumed from Virginia BanCorp had the following impact on the consolidated statements of income for the three and nine months ended September 30, 2017. Three Months Nine Months Ended Ended (Dollars in thousands) September 30, 2017 September 30, 2017 Loans (1) $ 411 $ 860 Core deposit intangible (2) (226 ) (461 ) Time deposits (3) 103 219 Depreciation (4) (10 ) (20 ) Net impact to income before income taxes $ 278 $ 598 (1) Loan discount accretion is included in the “Loans, including fees” section of “Interest Income” in the consolidated statements of income. (2) Core deposit intangible premium amortization is included in “Other expense” section of “Non-Interest (3) Time deposit premium amortization is included in the “Deposits” section of “Interest Expense” in the consolidated statements of income. (4) Depreciation on the fair value mark up of fixed assets is included in “Occupancy expense” section of “Non-Interest

Securities (Tables)

Securities (Tables)	9 Months Ended
	Sep. 30, 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) Gross Gross Available-for-sale Amortized Unrealized Unrealized Fair September 30, 2017 Cost Gains (Losses) Value Corporate bonds $ 6,696 $ 22 $ (1 ) $ 6,717 U.S. Government agencies 44,194 77 (298 ) 43,973 State and municipal obligations 21,211 186 (194 ) 21,203 $ 72,101 $ 285 $ (493 ) $ 71,893 Gross Gross Available-for-sale Amortized Unrealized Unrealized Fair December 31, 2016 Cost Gains (Losses) Value 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 For the nine months ended September 30, September 30, (Dollars in thousands) 2017 2016 2017 2016 Gross realized gains $ — $ 180 $ 7 $ 300 Gross realized losses — — (5 ) (10 ) Net realized gains $ 0 $ 180 $ 2 $ 290 Aggregate proceeds $ 0 $ 4,984 $ 17,662 $ 14,582
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 September 30, 2017 Value Loss Value Loss Value Loss Corporate bonds $ 499 $ (1 ) $ — $ — $ 499 $ (1 ) U.S. Government agencies 23,120 (134 ) 7,296 (164 ) 30,416 (298 ) States and municipal obligations 4,613 (70 ) 3,448 (124 ) 8,061 (194 ) Total temporarily impaired securities $ 28,232 $ (205 ) $ 10,744 $ (288 ) $ 38,976 $ (493 ) 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)	9 Months Ended
	Sep. 30, 2017
Summary of Balances of Loans	The following is a summary of the balances of loans: (Dollars in thousands) September 30, 2017 December 31, 2016 Mortgage loans on real estate: Construction, Land and Land Development $ 63,046 $ 39,818 Farmland 936 1,023 Commercial Mortgages (Non-Owner 141,954 35,343 Commercial Mortgages (Owner Occupied) 73,615 41,825 Residential First Mortgages 269,017 194,007 Residential Revolving and Junior Mortgages 46,193 26,425 Commercial and Industrial loans 99,637 43,024 Consumer loans 48,640 3,544 Total loans 743,038 385,009 Net unamortized deferred loan costs and purchased discounts 1,590 391 Allowance for loan losses (4,920 ) (3,863 ) Loans, net $ 739,708 $ 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 Days Due and Due and Total (Dollars in thousands) Past Due Still Accruing Nonaccruals Nonaccruals Current Loans September 30, 2017 Mortgage Loans on Real Estate: Construction, Land and Land Development $ 267 $ — $ 632 $ 899 $ 62,147 $ 63,046 Farmland — — — — 936 936 Commercial Mortgages (Non-Owner 452 — — 452 141,502 141,954 Commercial Mortgages (Owner Occupied) 243 — 1,717 1,960 71,655 73,615 Residential First Mortgages 1,621 — 1,318 2,939 266,078 269,017 Residential Revolving and Junior Mortgages 1,173 — 885 2,058 44,135 46,193 Commercial and Industrial 15 — 110 125 99,512 99,637 Consumer loans 449 3 137 589 48,051 48,640 Total $ 4,220 $ 3 $ 4,799 $ 9,022 $ 734,016 $ 743,038 90 Days or 30-89 More Past Total Past Days Due and Due and Total Past Due Still Accruing Nonaccruals Nonaccruals Current Loans December 31, 2016 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
Purchased Credit Impaired Loans
Recorded Investment in Past Due and Non-accruing Loans	The following table includes an aging analysis, based upon contractual terms, of the recorded investment of PCI loans as of September 30, 2017, included in the table above. 90 Days or 30-89 More Past Total Past Days Due and Due and Total (Dollars in thousands) Past Due Still Accruing Nonaccruals Nonaccruals Current Loans September 30, 2017 Mortgage Loans on Real Estate: Construction, Land and Land Development $ 0 $ — $ 0 $ 0 $ 1,413 $ 1,413 Commercial Mortgages (Non-Owner — — — — 182 182 Commercial Mortgages (Owner Occupied) 133 37 — 170 168 338 Residential First Mortgages — 144 — 144 3,697 3,841 Residential Revolving and Junior Mortgages — 19 — 19 31 50 Consumer loans 5 — — 5 69 74 Total $ 138 $ 200 $ 0 $ 338 $ 5,560 $ 5,898

Allowance for Loan Losses (Tabl

Allowance for Loan Losses (Tables)	9 Months Ended
	Sep. 30, 2017
Loan Receivables Evaluated for Impairment Individually and Collectively by Segment	Loan receivables evaluated for impairment individually and collectively by segment as of September 30, 2017 and December 31, 2016 are as follows: Mortgage Commercial Consumer Loans and and Other (Dollars in thousands) on Real Estate Industrial Loans Total As of September 30, 2017 Loans individually evaluated for impairment $ 9,592 $ 92 $ — $ 9,684 Loans collectively evaluated for impairment 579,344 99,545 48,567 727,456 Loans acquired with deteriorated credit quality 5,825 — 73 5,898 Total Gross Loans $ 594,761 $ 99,637 $ 48,640 $ 743,038 As of December 31, 2016 Loans individually evaluated for impairment $ 10,323 $ 92 $ — $ 10,415 Loans 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 September 30, 2017 and December 31, 2016 are as follows: Mortgage Commercial Loans and Consumer (Dollars in thousands) on Real Estate Industrial Loans Total As of September 30, 2017 Loans individually evaluated for impairment $ 982 $ 92 $ — $ 1,074 Loans collectively evaluated for impairment 2,855 421 570 3,846 Loans acquired with deteriorated credit quality — — — — Total allowance for loan losses $ 3,837 $ 513 $ 570 $ 4,920 Mortgage Commercial Loans and Consumer on Real Estate Industrial Loans Total As of December 31, 2016 Loans individually evaluated for impairment $ 803 $ 92 $ — $ 895 Loans 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. Mortgage Commercial Loans on and Consumer (Dollars in thousands) Real Estate Industrial Loans Total For the Three Months Ended September 30, 2017 ALLOWANCE FOR LOAN LOSSES: Beginning Balance $ 3,686 $ 456 $ 99 $ 4,241 (Charge-offs) (75 ) — (366 ) (441 ) Recoveries 10 1 34 45 Provision (recovery) 216 56 803 1,075 Ending Balance $ 3,837 $ 513 $ 570 $ 4,920 Mortgage Commercial Loans on and Consumer Real Estate Industrial Loans Total For the Three Months Ended September 30, 2016 ALLOWANCE FOR LOAN LOSSES: Beginning Balance $ 2,995 $ 435 $ 117 $ 3,547 Reclassification of allowance related to sold loans $ (27 ) $ (27 ) (Charge-offs) (46 ) — (10 ) (56 ) Recoveries 15 — 3 18 Provision (recovery) 244 45 (30 ) 259 Ending Balance $ 3,208 $ 480 $ 53 $ 3,741 Mortgage Commercial Loans on and Consumer (Dollars in thousands) Real Estate Industrial Loans Total For the Nine Months Ended September 30, 2017 ALLOWANCE FOR LOAN LOSSES: Beginning Balance $ 3,318 $ 493 $ 52 $ 3,863 (Charge-offs) (348 ) — (567 ) (915 ) Recoveries 98 2 39 139 Provision (recovery) 769 18 1,046 1,833 Ending Balance $ 3,837 $ 513 $ 570 $ 4,920 Mortgage Commercial Loans on and Consumer Real Estate Industrial Loans Total For the Nine Months Ended September 30, 2016 ALLOWANCE FOR LOAN LOSSES: Beginning Balance $ 3,502 $ 599 $ 122 $ 4,223 Reclassification of allowance related to sold loans $ — $ — $ (27 ) $ (27 ) (Charge-offs) (702 ) (158 ) (41 ) (901 ) Recoveries 25 5 9 39 Provision (recovery) 383 34 (10 ) 407 Ending Balance $ 3,208 $ 480 $ 53 $ 3,741
Schedule of Changes in Accretable Yield for Purchased Impaired Loans	The following table presents the changes in the accretable yield for purchased impaired loans (refer to Note 3) since acquisition on April 1, 2017 through September 30, 2017 (in thousands): September 30, 2017 Balance at acquisition, April 1, 2017 $ 1,354 Accretion (179 ) Reclassifications from nonaccretable balance, net — Other changes, net — Balance as of September 30, 2017 $ 1,175
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. All loan portfolios acquired in the merger are risk graded using loan risk grading software that employs a variety of algorithms based on detailed account characteristics to include borrower’s payment history on a total relationship basis as well as loan to value exposure. For non-homogenous Construction, Residential Commercial Commercial Land and Residential Revolving Mortgages Mortgages Commercial Land First and Junior (Non-Owner (Owner and (Dollars in thousands) Development Farmland Mortgage Mortgage Occupied) Occupied) Industrial Consumer Total As of September 30, 2017 Grade: Pass $ 52,108 $ 936 $ 43,370 $ 20,276 $ 137,028 $ 58,894 $ 95,599 $ 45,154 $ 453,365 Watch 7,290 — 1,252 33 4,472 12,106 3,927 77 29,157 Special mention 175 — — — — 249 — — 424 Substandard 3,473 — 1,482 50 454 2,366 111 165 8,101 Doubtful — — — — — — — — — Total $ 63,046 $ 936 $ 46,104 $ 20,359 $ 141,954 $ 73,615 $ 99,637 $ 45,396 $ 491,047 Construction, Commercial Commercial Land and Mortgages Mortgages Commercial Land (Non-Owner (Owner and Development Farmland Occupied) Occupied) Industrial Total As of December 31, 2016 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 Residential Revolving First and Junior Consumer (Dollars in thousands) Mortgages (1) Mortgages (2) Loans (3) Total As of September 30, 2017 PAYMENT ACTIVITY STATUS Performing $ 221,629 $ 24,949 $ 3,244 $ 249,822 Nonperforming 1,284 885 — 2,169 Total $ 222,913 $ 25,834 $ 3,244 $ 251,991 Residential Residential Revolving First and Junior Consumer Mortgages (4) Mortgages (5) Loans (6) Total As of December 31, 2016 PAYMENT ACTIVITY STATUS 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 $2.2 million as of September 30, 2017. (2) Residential Revolving and Junior Mortgages which have been assigned a risk rating grade of Substandard totaled $927 thousand as of September 30, 2017. (3) No Consumer Loans had been assigned a risk rating grade of Substandard as of December 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, excluding purchased impaired loans, with the associated allowance amount, if applicable, as of September 30, 2017 and December 31, 2016, along with the average recorded investment and interest income recognized for the three and nine months ended September 30, 2017 and 2016, respectively. As of September 30, 2017 As of December 31, 2016 Recorded Customers’ Unpaid Related Recorded Customers’ Unpaid Related (Dollars in thousands) Investment Principal Balance Allowance Investment Principal Balance Allowance IMPAIRED LOANS With no related allowance: Construction, Land and Land Development $ 367 $ 449 $ — $ 1,531 $ 1,539 $ — Residential First Mortgages 1,407 1,502 — 2,112 2,176 — Residential Revolving and Junior Mortgages (1) 481 491 — 995 999 — Commercial Mortgages (Non-owner 248 248 — 248 248 — Commercial Mortgages (Owner occupied) 1,027 985 — 1,860 2,178 — Commercial and Industrial — — — — — — 3,530 3,675 — 6,746 7,140 — With an allowance recorded: Construction, Land and Land Development 1,312 1,365 142 243 286 145 Residential First Mortgages 1,922 1,922 367 1,951 1,951 367 Residential Revolving and Junior Mortgages (1) 1,479 1,491 334 544 546 199 Commercial Mortgages (Non-owner — — — — — — Commercial Mortgages (Owner occupied) 1,355 1,399 139 839 854 92 Commercial and Industrial 92 101 92 92 101 92 6,160 6,278 1,074 3,669 3,738 895 Total Impaired Loans: Construction, Land and Land Development 1,679 1,814 142 1,774 1,825 145 Residential First Mortgages 3,329 3,424 367 4,063 4,127 367 Residential Revolving and Junior Mortgages (1) 1,960 1,982 334 1,539 1,545 199 Commercial Mortgages (Non-owner 248 248 — 248 248 — Commercial Mortgages (Owner occupied) 2,382 2,384 139 2,699 3,032 92 Commercial and Industrial 92 101 92 92 101 92 $ 9,690 $ 9,953 $ 1,074 $ 10,415 $ 10,878 $ 895 Notes: (1) Junior mortgages include equity lines. For the three months ended For the nine months ended September 30, 2017 September 30, 2016 September 30, 2017 September 30, 2016 Average Interest Average Interest Average Interest Average Interest Recorded Income Recorded Income Recorded Income Recorded Income (Dollars in thousands) Investment Recognized Investment Recognized Investment Recognized Investment Recognized With no related allowance: Construction, land and land development $ 367 $ — $ 1,533 $ 14 $ 385 $ — $ 1,262 $ 41 Residential First Mortgages 1,425 4 2,618 4 1,439 15 2,432 9 Residential Revolving and Junior Mortgages (1) 482 5 951 9 485 7 739 30 Commercial Mortgages (Non-owner 248 4 248 4 248 11 252 11 Commercial Mortgages (Owner occupied) 1,030 5 2,104 9 1,102 16 1,982 26 Commercial and Industrial — — — — — — — — 3,552 18 7,454 40 3,659 49 6,667 117 With an allowance recorded: Construction, land and land development 1,315 15 250 1 1,323 44 255 3 Residential First Mortgages 1,928 23 1,965 24 1,937 71 1,956 66 Residential Revolving and Junior Mortgages (1) 1,389 11 234 — 1,345 38 209 4 Commercial Mortgages (Non-owner — — — — — — — — Commercial Mortgages (Owner occupied) 1,372 4 686 5 1,381 19 691 17 Commercial and Industrial 92 — 92 — 92 — 105 1 6,096 53 3,227 30 6,078 172 3,216 91 Total Construction, land and land development 1,682 15 1,783 15 1,708 44 1,517 44 Residential First Mortgages 3,353 27 4,583 28 3,376 86 4,388 75 Residential Revolving and Junior Mortgages (1) 1,871 16 1,185 9 1,830 45 948 34 Commercial Mortgages (Non-owner 248 4 248 4 248 11 252 11 Commercial Mortgages (Owner occupied) 2,402 9 2,790 14 2,483 35 2,673 43 Commercial and Industrial 92 — 92 — 92 — 105 1 $ 9,648 $ 71 $ 10,681 $ 70 $ 9,737 $ 221 $ 9,883 $ 208 (1) Junior mortgages include equity lines.
Summary of Troubled Debt Restructurings	The following table presents, by segments of loans, information related to loans modified as TDRs. For the three months ended For the three months ended September 30, 2017 September 30, 2016 Pre-Modification Post-Modification Pre-Modification Post-Modification (Dollars in thousands) Outstanding Outstanding Outstanding Outstanding Number of Recorded Recorded Number of Recorded Recorded TROUBLED DEBT RESTRUCTURINGS Loans Investment Investment Loans Investment Investment Residential first mortgages (1) — $ — $ — 0 $ 0 $ 0 (1) Modification was a capitalization of interest. For the nine months ended For the nine months ended September 30, 2017 September 30, 2016 Pre-Modification Post-Modification Pre-Modification Post-Modification (Dollars in thousands) Outstanding Outstanding Outstanding Outstanding Number of Recorded Recorded Number of Recorded Recorded TROUBLED DEBT RESTRUCTURINGS Loans Investment Investment Loans Investment Investment Residential first mortgages (1) — $ — $ — 1 $ 244 $ 244 (1) Modification was a capitalization of interest.
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 September 30, 2017 and December 31, 2016. There was one collateralized consumer land loan from one borrower valued at $93 thousand in the process of foreclosure as of September 30, 2017. As of September 30, 2017 As of December 31, 2016 No. of Carrying No. of Carrying (Dollars in thousands) Properties Value Properties Value Residential 4 $ 889 2 $ 891 Land lots 17 3,089 7 547 Convenience store 1 55 1 59 Restaurant 1 55 1 55 Commerical properties 5 1,071 3 942 Total 28 $ 5,159 14 $ 2,494

Earnings per share (Tables)

Earnings per share (Tables)	9 Months Ended
	Sep. 30, 2017
Weighted Average Number of Shares Used in Computing Earnings per Share	The weighted average unearned ESOP shares which were excluded from the computation were 136,376 and 104,510 for the three and nine months ended September 30, 2017, respectively. September 30, 2017 September 30, 2016 September 30, 2017 September 30, 2016 Average Per share Average Per share Average Per share Average Per share Shares Amount Shares Amount Shares Amount Shares Amount Basic earnings per share 10,488,227 $ 0.07 4,774,856 $ 0.18 8,175,431 $ 0.14 4,774,856 $ 0.41 Effect of dilutive securities: Stock options 69,396 22,665 67,269 18,291 Diluted earnings per share 10,557,623 $ 0.07 4,797,521 $ 0.18 8,242,700 $ 0.14 4,793,147 $ 0.41

Stock-Based Compensation (Table

Stock-Based Compensation (Tables)	9 Months Ended
	Sep. 30, 2017
Fair Value of Options	The variables used in these calculations of the fair value of the options are as follows: For the nine months ended September 30, 2017 2016 Risk free interest rate (5 year Treasury) 1.78% - 1.93% 1.49% Expected dividend yield 0% 0% Expected term (years) 5 5 Expected volatility 17.2% - 21.7% 40.1%
Summary of Stock Option Activity	Stock option activity for the nine months ended September 30, 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 13,000 8.54 Forfeited (1,195 ) 8.43 Exercised (33,622 ) 5.75 Expired (9,625 ) 13.76 Options outstanding and exercisable, September 30, 2017 186,858 $ 6.22 5.7 $ 635,628 (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)	9 Months Ended
	Sep. 30, 2017
Components of Net Periodic (Benefit) Cost	Components of Net Periodic (Benefit) Cost (Dollars in thousands) Pension Benefits Post-Retirement Benefits Nine months ended September 30, 2017 2016 2017 2016 Service cost $ — $ — $ 15 $ 17 Interest cost 93 101 15 21 Expected return on plan assets (135 ) (142 ) — — Settlement loss 39 21 — — Amortization of net gain — — (6 ) — Recognized net actuarial loss 57 58 — — Net periodic cost $ 54 $ 38 $ 24 $ 38

Long Term Debt (Tables)

Long Term Debt (Tables)	9 Months Ended
	Sep. 30, 2017
Advances of Long Term Debt	The six advances are shown in the following table. Current Maturity Description Balance (000’s) Originated Interest Rate Date Adjustable Rate Hybrid $ 10,000 4/12/2013 3.68350 4/13/2020 Fixed Rate Credit 5,000 1/17/2017 0.91000 10/17/2017 Fixed Rate Credit 5,000 1/20/2017 0.99500 12/20/2017 Daily Rate Credit 5,000 5/30/2017 1.32000 5/30/2018 Fixed Rate Credit 50,000 9/1/2017 1.15000 10/2/2017 $ 75,000
Subordinated Debt	(Dollars in thousands) Balance as of September 30, 2017 6.5% Subordinated Debt $ 7,000 Less: Issuance costs (127 ) $ 6,873

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	9 Months Ended
	Sep. 30, 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 September 30, 2017 and December 31, 2016: (Dollars in thousands) Fair Value Measurements at September 30, 2017 Using Description Balance Level 1 Level 2 Level 3 Securities available-for-sale: Corporate bonds $ 6,717 $ — $ — $ 6,717 U. S. Government agencies 43,973 — 43,973 — State and municipal obligations 21,203 — 21,203 — Total securities available-for-sale: $ 71,893 $ — $ 65,176 $ 6,717 Mortgage servicing rights $ 978 $ — $ — $ 978 Defined benefit plan assets: Cash and cash equivalents $ 2 $ 2 $ — $ — Mutual funds - fixed income 987 987 — — Mutual funds - equity 1,543 1,543 — — Total defined benefit plan assets $ 2,532 $ 2,532 $ — $ — 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 — — Acquired in merger 324 — Impairments — — Fair value adjustments (17 ) 13 Sales — (1,000 ) Balance, September 30, 2017 $ 978 $ 6,717
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 (Dollars in thousands) Balance as of Description September 30, 2017 Level 1 Level 2 Level 3 Impaired Loans, net $ 5,086 $ — $ — $ 5,086 Other real estate owned, net 5,159 — — 5,159 Fair Value Measurements at Balance as of Description December 31, 2016 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 September 30, 2017: Range Balance as of Valuation Unobservable (Weighted (Dollars in thousands) September 30, 2017 Technique Input Average) Impaired Loans, net $ 5,086 Discounted appraised value Selling Cost 10% - 100% (20%) Lack of Marketability 50% - 75% (55%) Other real estate owned, net 5,159 Discounted appraised value Selling Cost 3% - 13% (7%) 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 September 30, 2017 Using (Dollars in thousands) Balance as of Fair Value as of Description September 30, 2017 September 30, 2017 Level 1 Level 2 Level 3 Financial Assets: Cash and due from banks $ 5,806 $ 5,806 $ 5,806 $ — $ — Interest-bearing deposits 46,060 46,060 46,060 — — Certificates of deposit 3,224 3,224 — 3,224 — Federal funds sold 23,357 23,357 23,357 — — Securities available-for-sale 71,893 71,893 — 65,176 6,717 Restricted securities 6,000 6,000 — — 6,000 Loans, net 739,708 745,665 — — 745,665 Loans held for sale 162 162 — — 162 Accrued interest receivable 2,905 2,905 — 2,905 — Bank owned life insurance 18,641 18,641 18,641 — — Mortgage servicing rights 978 978 — — 978 Financial Liabilities: Non-interest-bearing $ 99,531 $ 99,531 $ 99,531 $ — $ — Savings and other interest-bearing deposits 297,150 297,150 297,150 — — Time deposits 338,732 337,586 — — 337,586 Securities sold under repurchase agreements 17,091 17,091 — 17,091 — FHLB advances 75,000 75,520 — 75,520 — Subordinated debt 6,873 7,000 — — 7,000 Accrued interest payable 302 302 — 302 — Fair Value Measurements at December 31, 2016 Using (Dollars in thousands) Balance as of Fair Value as of Description December 31, 2016 December 31, 2016 Level 1 Level 2 Level 3 Financial Assets: Cash and due from banks $ 4,851 $ 4,851 $ 4,851 $ — $ — Interest-bearing deposits 7,945 7,945 7,945 — — Certificates of deposit 4,216 4,216 — 4,216 — Federal funds sold 1,906 1,906 1,906 — — 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 33

Changes in Accumulated Other Comprehensive Income (Loss) (Tables)	9 Months Ended
	Sep. 30, 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 September 30, 2017 Net Unrealized Pension and Accumulated Other Gains (Losses) Post-retirement Comprehensive (Dollars in thousands) on Securities Benefit Plans Income (Loss) Balance July 1, 2017 $ (200 ) $ (715 ) $ (915 ) Change in net unrealized holding gains on securities, before reclassification, net of tax expense of $20 39 — 39 Reclassification for previously unrealized net losses recognized in income, net of tax expense of $0 — — — Balance September 30, 2017 $ (161 ) $ (715 ) $ (876 ) For the Three Months Ended September 30, 2016 Net Unrealized Pension and Accumulated Other Gains (Losses) Post-retirement Comprehensive (Dollars in thousands) on Securities Benefit Plans Income (Loss) Balance July 1, 2016 $ 624 $ (883 ) $ (259 ) Change in net unrealized holding gains on securities, before reclassification — — — Reclassification for previously unrealized net gains recognized in income, net of tax expense of $62 (118 ) — (118 ) Balance September 30, 2016 $ 506 $ (883 ) $ (377 ) For the Nine Months Ended September 30, 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 $185 360 — 360 Reclassification for previously unrealized net losses recognized in income, net of tax expense of $1 (1 ) — (1 ) Balance September 30, 2017 $ (161 ) $ (715 ) $ (876 ) For the Nine Months Ended September 30, 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 $305 590 — 590 Reclassification for previously unrealized net gains recognized in income, net of tax expense of $99 (191 ) — (191 ) Balance September 30, 2016 $ 506 $ (883 ) $ (377 )
Reclassification of Unrealized Gains (Losses) and Impairments on Securities	Reclassification for previously unrealized gains (losses) and impairments on securities are reported in the Consolidated Statements of Income as follows. No unrealized gains (losses) on pension and post-employment related costs were reclassified to the Consolidated Statements of Income in the three and nine months ended September 30, 2017 and 2016. Accumulated Other Comprehensive Income (Loss) Reclassification for the Three Months Ended Holding (Losses) Gains on Securities (Dollars in thousands) September 30, 2017 September 30, 2016 Net gains on sale of securities available-for-securities $ — $ 180 Tax expense — (62 ) Impact on net income $ — $ 118 Accumulated Other Comprehensive Income (Loss) Reclassification for the Nine Months Ended Holding (Losses) Gains on Securities (Dollars in thousands) September 30, 2017 September 30, 2016 Net gains on sale of securities available-for-securities $ 2 $ 290 Tax expense (1 ) (99 ) Impact on net income $ 1 $ 191

General - Additional Informatio

General - Additional Information (Detail)	9 Months Ended
	Sep. 30, 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%
VCB Financial Group, Inc.
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) - USD ($) $ in Thousands	Apr. 01, 2017	Sep. 30, 2017	Mar. 31, 2017	Sep. 30, 2017	Jun. 30, 2017	Dec. 31, 2016	[1]
Business Acquisition [Line Items]
Goodwill during acquisition		$ 8,968		$ 8,968		$ 2,808
Loans acquired held for sale		162		162		$ 276
Acquisition related expenses		141		1,126
Virginia BanCorp
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	4,586,221
Business combination, value of shares exchanged	$ 42,200
Goodwill during acquisition	$ 6,200
Fair value maximum refinement period post acquisition	1 year
Fair value of acquired loans not accounted for as debt securities	$ 268,200
Loans acquired held for sale					$ 55,400
Adjustment on Fair value of premises and equipment	$ 2,700
Percentage of acquired deposit, excluding time deposit	2.52%
Acquisition related expenses		$ 141	$ 174	$ 1,100
Virginia BanCorp | Purchased Credit Impaired Loans
Business Acquisition [Line Items]
Gross Contractual amount	$ 8,300
Uncollectible receivables	$ 7,400
Virginia BanCorp | Federal Home Loan Bank of Atlanta
Business Acquisition [Line Items]
Maturity Date	Apr. 30, 2017
Virginia BanCorp | Minimum
Business Acquisition [Line Items]
Certificate of deposit maximum maturity period	1 month
Virginia BanCorp | Maximum
Business Acquisition [Line Items]
Certificate of deposit maximum maturity period	5 years
Virginia BanCorp | Certificates of Deposit
Business Acquisition [Line Items]
Adjustment on Fair value of premises and equipment	$ 733
Virginia BanCorp | Core Deposits
Business Acquisition [Line Items]
Core deposit intangible, fair value	$ 3,700
Weighted average life of core deposit intangible	92 months
[1]	Derived from the audited December 31, 2016 Consolidated Financial Statements

Business Combination - Schedule

Business Combination - Schedule of Fair Value of Assets Acquired and Liabilities Assumed (Detail) - USD ($) $ in Thousands	Apr. 01, 2017	Sep. 30, 2017	Dec. 31, 2016	[1]
Identifiable liabilities assumed:
Goodwill resulting from acquisition		$ 8,968	$ 2,808
As Recorded by the Company
Consideration paid:
Bay Banks of Virginia, Inc. common stock	$ 42,247
Identifiable assets acquired:
Cash and due from banks	2,356
Interest-bearing deposits	12,342
Securities available-for-sale	22,088
Restricted securities	1,543
Loans receivable	212,572
Loans held for sale	55,648
Deferred income taxes	825
Premises and equipment	6,036
Accrued interest receivable	1,229
Other real estate owned	3,113
Core deposit intangible	3,670
Bank owned life insurance	8,430
Mortgage servicing rights	324
Other assets	367
Total identified assets acquired	330,543
Identifiable liabilities assumed:
Noninterest-bearing deposits	21,119
Savings and interest-bearing demand deposits	124,640
Time deposits	122,170
Federal Home Loan Bank advances	25,000
Other liabilities	1,525
Total identifiable liabilities assumed	294,454
Total identifiable assets assumed	36,089
Goodwill resulting from acquisition	6,158
Fair Value Adjustment
Identifiable assets acquired:
Loans receivable	(59,907)
Loans held for sale	55,648
Deferred income taxes	(500)
Premises and equipment	2,703
Accrued interest receivable	(24)
Core deposit intangible	3,670
Total identified assets acquired	1,590
Identifiable liabilities assumed:
Time deposits	733
Total identifiable liabilities assumed	733
Total identifiable assets assumed	857
Virginia Commonwealth Bank
Identifiable assets acquired:
Cash and due from banks	2,356
Interest-bearing deposits	12,342
Securities available-for-sale	22,088
Restricted securities	1,543
Loans receivable	272,479
Deferred income taxes	1,325
Premises and equipment	3,333
Accrued interest receivable	1,253
Other real estate owned	3,113
Bank owned life insurance	8,430
Mortgage servicing rights	324
Other assets	367
Total identified assets acquired	328,953
Identifiable liabilities assumed:
Noninterest-bearing deposits	21,119
Savings and interest-bearing demand deposits	124,640
Time deposits	121,437
Federal Home Loan Bank advances	25,000
Other liabilities	1,525
Total identifiable liabilities assumed	293,721
Total identifiable assets assumed	$ 35,232
[1]	Derived from the audited December 31, 2016 Consolidated Financial Statements

Business Combination - Summary

Business Combination - Summary of Information about the PCI loan portfolio (Detail) - Virginia BanCorp $ in Thousands	Apr. 01, 2017USD ($)
Certain Loans Acquired in Transfer Accounted for as Debt Securities Pci Loan Schedule [Line Items]
Purchased credit impaired loans - estimated fair value	$ 268,200
Purchased Credit Impaired Loans
Certain Loans Acquired in Transfer Accounted for as Debt Securities Pci Loan Schedule [Line Items]
Contractual principal and interest due	8,303
Nonaccretable difference	869
Expected cash flows	7,434
Accretable yield	1,354
Purchased credit impaired loans - estimated fair value	$ 6,080

Business Combination - Schedu38

Business Combination - Schedule of Pro Forma Financial Information (Detail) - Virginia Commonwealth Bank - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2017	Sep. 30, 2016	Sep. 30, 2017	Sep. 30, 2016
Business Acquisition, Pro Forma Information, Nonrecurring Adjustment [Line Items]
Net interest income	$ 7,707	$ 6,872	$ 22,014	$ 20,443
Net income	$ 906	$ 1,653	$ 2,752	$ 4,443

Business Combination - Summar39

Business Combination - Summary of impact of Certain Acquisition Accounting Adjustments (Detail) - USD ($) $ in Thousands		3 Months Ended		9 Months Ended
		Sep. 30, 2017	Sep. 30, 2016	Sep. 30, 2017	Sep. 30, 2016
Business Acquisition, Pro Forma Information [Line Items]
Income before income taxes		$ 1,015	$ 1,180	$ 1,528	$ 2,633
Virginia Commonwealth Bank
Business Acquisition, Pro Forma Information [Line Items]
Loans	[1]	411		860
Core deposit intangible	[2]	(226)		(461)
Time deposits	[3]	103		219
Depreciation	[4]	(10)		(20)
Income before income taxes		$ 278		$ 598
[1]	Loan discount accretion is included in the "Loans, including fees" section of "Interest Income" in the consolidated statements of income.
[2]	Core deposit intangible premium amortization is included in "Other expense" section of "Non-Interest Expenses in the consolidated statements of income.
[3]	Time deposit premium amortization is included in the "Deposits" section of "Interest Expense" in the consolidated statements of income.
[4]	Depreciation on the fair value mark up of fixed assets is included in "Occupancy expense" section of "Non-Interest Expense" in the consolidated statements of income.

Significant Accounting Polici40

Significant Accounting Policies - Additional Information (Detail) - USD ($)	9 Months Ended
	Sep. 30, 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) all loans risk rated Special Mention or worse with balances of $400 thousand or more or where the borrower has filed for bankruptcy; and (2) all loans classified as a TDR .
Loan Receivables	$ 491,047,000	$ 161,033,000
Number of ESOP unit	2
Amortize of ESOP	9 years
Special Mention
Significant Accounting Policies [Line Items]
Loan Receivables	$ 424,000	$ 2,030,000
Residential First Mortgages
Significant Accounting Policies [Line Items]
Minimum balance in order to assign a risk rating grade	1,000,000
Consumer and Other Loans
Significant Accounting Policies [Line Items]
Minimum balance in order to assign a risk rating grade	$ 250,000
Minimum
Significant Accounting Policies [Line Items]
Number of days past due for a loan to remain on accrual status	90 days
Minimum | Special Mention
Significant Accounting Policies [Line Items]
Loan Receivables	$ 400,000

Securities - Aggregate Amortize

Securities - Aggregate Amortized Costs and Fair Values of Available-for-Sale Securities Portfolio (Detail) - USD ($) $ in Thousands	Sep. 30, 2017	Dec. 31, 2016
Schedule of Available-for-sale Securities [Line Items]
Amortized Cost	$ 72,101	$ 51,929
Gross Unrealized Gains	285	116
Gross Unrealized (Losses)	(493)	(872)
Fair Value	71,893	51,173	[1]
Corporate Bonds
Schedule of Available-for-sale Securities [Line Items]
Amortized Cost	6,696	7,695
Gross Unrealized Gains	22	14
Gross Unrealized (Losses)	(1)	(5)
Fair Value	6,717	7,704
US Government Agencies
Schedule of Available-for-sale Securities [Line Items]
Amortized Cost	44,194	25,668
Gross Unrealized Gains	77	53
Gross Unrealized (Losses)	(298)	(408)
Fair Value	43,973	25,313
State and Municipal Obligations
Schedule of Available-for-sale Securities [Line Items]
Amortized Cost	21,211	18,566
Gross Unrealized Gains	186	49
Gross Unrealized (Losses)	(194)	(459)
Fair Value	$ 21,203	$ 18,156
[1]	Derived from the audited December 31, 2016 Consolidated Financial Statements

Securities - Gross Realized Gai

Securities - Gross Realized Gains and Gross Realized Losses on Sales of Securities (Detail) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2017	Sep. 30, 2016	Sep. 30, 2017	Sep. 30, 2016
Schedule of Available-for-sale Securities [Line Items]
Gross realized gains		$ 180	$ 7	$ 300
Gross realized losses			(5)	(10)
Net realized gains	$ 0	180	2	290
Aggregate proceeds	$ 0	$ 4,984	$ 17,662	$ 14,582

Securities - Additional Informa

Securities - Additional Information (Detail) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2017USD ($)Bond	Sep. 30, 2016	Sep. 30, 2017USD ($)Bond	Sep. 30, 2016	Dec. 31, 2016USD ($)Bond
Schedule of Available-for-sale Securities [Line Items]
Average yields (taxable equivalent) on securities	2.58%	3.10%	3.26%	3.07%
Market value of securities	$ 19,500		$ 19,500		$ 19,100
Securities sold under repurchase agreements	17,091		17,091		18,310	[1]
Company's investment in Federal Home Loan Bank stock	3,900		3,900		1,900
Company's investment in Federal Reserve Bank stock	$ 1,900		$ 1,900		$ 580
Municipal Securities
Schedule of Available-for-sale Securities [Line Items]
Bonds with unrealized loss positions | Bond	21		21		39
US Government Agencies
Schedule of Available-for-sale Securities [Line Items]
Bonds with unrealized loss positions | Bond	40		40		37
Corporate Bonds
Schedule of Available-for-sale Securities [Line Items]
Bonds with unrealized loss positions | Bond	1		1		1
[1]	Derived from the audited December 31, 2016 Consolidated Financial Statements

Securities - Unrealized Loss Po

Securities - Unrealized Loss Positions (Detail) - USD ($) $ in Thousands	Sep. 30, 2017	Dec. 31, 2016
Schedule of Available-for-sale Securities [Line Items]
Less than 12 months, Fair Value	$ 28,232	$ 34,816
Less than 12 months, Unrealized Loss	(205)	(860)
12 months or more, Fair Value	10,744	1,308
12 months or more, Unrealized Loss	(288)	(12)
Fair Value, Total	38,976	36,124
Total Unrealized Loss	(493)	(872)
Corporate Bonds
Schedule of Available-for-sale Securities [Line Items]
Less than 12 months, Fair Value	499	995
Less than 12 months, Unrealized Loss	(1)	(5)
Fair Value, Total	499	995
Total Unrealized Loss	(1)	(5)
US Government Agencies
Schedule of Available-for-sale Securities [Line Items]
Less than 12 months, Fair Value	23,120	20,933
Less than 12 months, Unrealized Loss	(134)	(396)
12 months or more, Fair Value	7,296	1,308
12 months or more, Unrealized Loss	(164)	(12)
Fair Value, Total	30,416	22,241
Total Unrealized Loss	(298)	(408)
State and Municipal Obligations
Schedule of Available-for-sale Securities [Line Items]
Less than 12 months, Fair Value	4,613	12,888
Less than 12 months, Unrealized Loss	(70)	(459)
12 months or more, Fair Value	3,448
12 months or more, Unrealized Loss	(124)
Fair Value, Total	8,061	12,888
Total Unrealized Loss	$ (194)	$ (459)

Low Income Housing Tax Credits

Low Income Housing Tax Credits - Additional Information (Detail) - Housing Equity Funds $ in Thousands	3 Months Ended	9 Months Ended
	Sep. 30, 2017USD ($)	Sep. 30, 2017USD ($)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		2,030
Tax credits and other tax benefits recognized related to investments	$ 17	$ 51
Total projected tax benefits	81	81
Other assets
Schedule of Equity Method Investments [Line Items]
Investments in housing equity funds	1,400	1,400
Other Liabilities
Schedule of Equity Method Investments [Line Items]
Additional capital calls expected for the fund	$ 1,500	$ 1,500

Loans - Summary of Balances of

Loans - Summary of Balances of Loans (Detail) - USD ($) $ in Thousands	Sep. 30, 2017	Dec. 31, 2016
Summary of balances of loans
Total loans	$ 743,038	$ 385,009
Net unamortized deferred loan costs and purchased discounts	1,590	391
Allowance for loan losses	(4,920)	(3,863)	[1]
Loans, net	739,708	381,537	[1]
Construction, Land and Land Development
Summary of balances of loans
Total loans	63,046	39,818
Farmland
Summary of balances of loans
Total loans	936	1,023
Commercial Mortgages (Non-Owner Occupied)
Summary of balances of loans
Total loans	141,954	35,343
Commercial Mortgages (Owner Occupied)
Summary of balances of loans
Total loans	73,615	41,825
Residential First Mortgages
Summary of balances of loans
Total loans	269,017	194,007
Residential Revolving and Junior Mortgages
Summary of balances of loans
Total loans	46,193	26,425
Commercial and Industrial
Summary of balances of loans
Total loans	99,637	43,024
Allowance for loan losses	(513)	(493)
Consumer and Other Loans
Summary of balances of loans
Total loans	48,640	3,544
Allowance for loan losses	$ (570)	$ (52)
[1]	Derived from the audited December 31, 2016 Consolidated Financial Statements

Loans - Additional Information

Loans - Additional Information (Detail) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2017	Dec. 31, 2016
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Outstanding Purchased Impaired gross balance of loans	$ 743,038	$ 385,009
Purchased Credit Impaired Loans
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Outstanding Purchased Impaired gross balance of loans	$ 6,700
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	Sep. 30, 2017	Dec. 31, 2016
Accounts, Notes, Loans and Financing Receivable [Line Items]
30-89 Days Past Due	$ 4,220	$ 2,679
90 Days or More Past Due and Still Accruing	3
Nonaccruals	4,799	5,300
Total Past Due and Nonaccruals	9,022	7,979
Current	734,016	377,030
Total Gross Loans	743,038	385,009
Construction, Land and Land Development
Accounts, Notes, Loans and Financing Receivable [Line Items]
30-89 Days Past Due	267
Nonaccruals	632	623
Total Past Due and Nonaccruals	899	623
Current	62,147	39,195
Total Gross Loans	63,046	39,818
Farmland
Accounts, Notes, Loans and Financing Receivable [Line Items]
30-89 Days Past Due		57
Total Past Due and Nonaccruals		57
Current	936	966
Total Gross Loans	936	1,023
Commercial Mortgages (Non-Owner Occupied)
Accounts, Notes, Loans and Financing Receivable [Line Items]
30-89 Days Past Due	452
Total Past Due and Nonaccruals	452
Current	141,502	35,343
Total Gross Loans	141,954	35,343
Commercial Mortgages (Owner Occupied)
Accounts, Notes, Loans and Financing Receivable [Line Items]
30-89 Days Past Due	243	188
Nonaccruals	1,717	2,270
Total Past Due and Nonaccruals	1,960	2,458
Current	71,655	39,367
Total Gross Loans	73,615	41,825
Residential First Mortgages
Accounts, Notes, Loans and Financing Receivable [Line Items]
30-89 Days Past Due	1,621	1,546
Nonaccruals	1,318	2,155
Total Past Due and Nonaccruals	2,939	3,701
Current	266,078	190,306
Total Gross Loans	269,017	194,007
Residential Revolving and Junior Mortgages
Accounts, Notes, Loans and Financing Receivable [Line Items]
30-89 Days Past Due	1,173	480
Nonaccruals	885	160
Total Past Due and Nonaccruals	2,058	640
Current	44,135	25,785
Total Gross Loans	46,193	26,425
Commercial and Industrial
Accounts, Notes, Loans and Financing Receivable [Line Items]
30-89 Days Past Due	15	408
Nonaccruals	110	92
Total Past Due and Nonaccruals	125	500
Current	99,512	42,524
Total Gross Loans	99,637	43,024
Consumer and Other Loans
Accounts, Notes, Loans and Financing Receivable [Line Items]
30-89 Days Past Due	449
90 Days or More Past Due and Still Accruing	3
Nonaccruals	137
Total Past Due and Nonaccruals	589
Current	48,051	3,544
Total Gross Loans	$ 48,640	$ 3,544

Loans - Summary of Recorded inv

Loans - Summary of Recorded investment of purchased impaired loans (Detail) - USD ($) $ in Thousands	Sep. 30, 2017	Dec. 31, 2016
Financing Receivable, Impaired [Line Items]
30-89 Days Past Due	$ 4,220	$ 2,679
90 Days or More Past Due and Still Accruing	3
Nonaccruals	4,799	5,300
Total Past Due and Nonaccruals	9,022	7,979
Current	734,016	377,030
Total loans	743,038	385,009
Construction, Land and Land Development
Financing Receivable, Impaired [Line Items]
30-89 Days Past Due	267
Nonaccruals	632	623
Total Past Due and Nonaccruals	899	623
Current	62,147	39,195
Total loans	63,046	39,818
Commercial Mortgages (Non-Owner Occupied)
Financing Receivable, Impaired [Line Items]
30-89 Days Past Due	452
Total Past Due and Nonaccruals	452
Current	141,502	35,343
Total loans	141,954	35,343
Commercial Mortgages (Owner Occupied)
Financing Receivable, Impaired [Line Items]
30-89 Days Past Due	243	188
Nonaccruals	1,717	2,270
Total Past Due and Nonaccruals	1,960	2,458
Current	71,655	39,367
Total loans	73,615	41,825
Residential First Mortgages
Financing Receivable, Impaired [Line Items]
30-89 Days Past Due	1,621	1,546
Nonaccruals	1,318	2,155
Total Past Due and Nonaccruals	2,939	3,701
Current	266,078	190,306
Total loans	269,017	194,007
Residential Revolving and Junior Mortgages
Financing Receivable, Impaired [Line Items]
30-89 Days Past Due	1,173	480
Nonaccruals	885	160
Total Past Due and Nonaccruals	2,058	640
Current	44,135	25,785
Total loans	46,193	26,425
Consumer and Other Loans
Financing Receivable, Impaired [Line Items]
30-89 Days Past Due	449
90 Days or More Past Due and Still Accruing	3
Nonaccruals	137
Total Past Due and Nonaccruals	589
Current	48,051	3,544
Total loans	48,640	$ 3,544
Impaired Financing Receivable
Financing Receivable, Impaired [Line Items]
30-89 Days Past Due	138
90 Days or More Past Due and Still Accruing	200
Nonaccruals	0
Total Past Due and Nonaccruals	338
Current	5,560
Total loans	5,898
Impaired Financing Receivable | Construction, Land and Land Development
Financing Receivable, Impaired [Line Items]
30-89 Days Past Due	0
Nonaccruals	0
Total Past Due and Nonaccruals	0
Current	1,413
Total loans	1,413
Impaired Financing Receivable | Commercial Mortgages (Non-Owner Occupied)
Financing Receivable, Impaired [Line Items]
Current	182
Total loans	182
Impaired Financing Receivable | Commercial Mortgages (Owner Occupied)
Financing Receivable, Impaired [Line Items]
30-89 Days Past Due	133
90 Days or More Past Due and Still Accruing	37
Total Past Due and Nonaccruals	170
Current	168
Total loans	338
Impaired Financing Receivable | Residential First Mortgages
Financing Receivable, Impaired [Line Items]
90 Days or More Past Due and Still Accruing	144
Total Past Due and Nonaccruals	144
Current	3,697
Total loans	3,841
Impaired Financing Receivable | Residential Revolving and Junior Mortgages
Financing Receivable, Impaired [Line Items]
90 Days or More Past Due and Still Accruing	19
Total Past Due and Nonaccruals	19
Current	31
Total loans	50
Impaired Financing Receivable | Consumer and Other Loans
Financing Receivable, Impaired [Line Items]
30-89 Days Past Due	5
Total Past Due and Nonaccruals	5
Current	69
Total loans	$ 74

Allowance for Loan Losses - Loa

Allowance for Loan Losses - Loan Receivables Evaluated for Impairment Individually and Collectively by Segment (Detail) - USD ($) $ in Thousands	Sep. 30, 2017	Dec. 31, 2016
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans individually evaluated for impairment	$ 9,684	$ 10,415
Loans collectively evaluated for impairment	727,456	374,594
Total Gross Loans	743,038	385,009
Loans acquired with deteriorated credit quality	491,047	161,033
Receivables Acquired with Deteriorated Credit Quality
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans acquired with deteriorated credit quality	5,898
Mortgage Loans on Real Estate
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans individually evaluated for impairment	9,592	10,323
Loans collectively evaluated for impairment	579,344	328,118
Total Gross Loans	594,761	338,441
Mortgage Loans on Real Estate | Receivables Acquired with Deteriorated Credit Quality
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans acquired with deteriorated credit quality	5,825
Commercial and Industrial
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans individually evaluated for impairment	92	92
Loans collectively evaluated for impairment	99,545	42,932
Total Gross Loans	99,637	43,024
Consumer and Other Loans
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans collectively evaluated for impairment	48,567	3,544
Total Gross Loans	48,640	$ 3,544
Consumer and Other Loans | Receivables Acquired with Deteriorated Credit Quality
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans acquired with deteriorated credit quality	$ 73

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	Sep. 30, 2017	Jun. 30, 2017	Dec. 31, 2016		Sep. 30, 2016	Jun. 30, 2016	Dec. 31, 2015
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans individually evaluated for impairment	$ 1,074		$ 895
Loans collectively evaluated for impairment	3,846		2,968
Total allowance for loan losses	4,920		3,863	[1]
Loans acquired with deteriorated credit quality	4,920	$ 4,241	3,863		$ 3,741	$ 3,547	$ 4,223
Receivables Acquired with Deteriorated Credit Quality
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans acquired with deteriorated credit quality	0
Mortgage Loans on Real Estate
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans individually evaluated for impairment	982		803
Loans collectively evaluated for impairment	2,855		2,515
Total allowance for loan losses	3,837		3,318
Loans acquired with deteriorated credit quality	3,837	3,686	3,318		3,208	2,995	3,502
Mortgage Loans on Real Estate | Receivables Acquired with Deteriorated Credit Quality
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans acquired with deteriorated credit quality	0
Commercial and Industrial
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans individually evaluated for impairment	92		92
Loans collectively evaluated for impairment	421		401
Total allowance for loan losses	513		493
Loans acquired with deteriorated credit quality	513	456	493		480	435	599
Commercial and Industrial | Receivables Acquired with Deteriorated Credit Quality
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans acquired with deteriorated credit quality	0
Consumer and Other Loans
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans collectively evaluated for impairment	570		52
Total allowance for loan losses	570		52
Loans acquired with deteriorated credit quality	570	$ 99	$ 52		$ 53	$ 117	$ 122
Consumer and Other Loans | Receivables Acquired with Deteriorated Credit Quality
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans acquired with deteriorated credit quality	$ 0
[1]	Derived from the audited December 31, 2016 Consolidated Financial Statements

Allowance for Loan Losses - A52

Allowance for Loan Losses - Allowance for Loan Losses by Portfolio Segment (Detail) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2017	Sep. 30, 2016	Sep. 30, 2017	Sep. 30, 2016
ALLOWANCE FOR LOAN LOSSES:
Beginning Balance	$ 4,241	$ 3,547	$ 3,863	$ 4,223
Reclassification of allowance related to sold loans		(27)		(27)
(Charge-offs)	(441)	(56)	(915)	(901)
Recoveries	45	18	139	39
Provision (recovery)	1,075	259	1,833	407
Ending Balance	4,920	3,741	4,920	3,741
Mortgage Loans on Real Estate
ALLOWANCE FOR LOAN LOSSES:
Beginning Balance	3,686	2,995	3,318	3,502
(Charge-offs)	(75)	(46)	(348)	(702)
Recoveries	10	15	98	25
Provision (recovery)	216	244	769	383
Ending Balance	3,837	3,208	3,837	3,208
Commercial and Industrial
ALLOWANCE FOR LOAN LOSSES:
Beginning Balance	456	435	493	599
(Charge-offs)				(158)
Recoveries	1		2	5
Provision (recovery)	56	45	18	34
Ending Balance	513	480	513	480
Consumer and Other Loans
ALLOWANCE FOR LOAN LOSSES:
Beginning Balance	99	117	52	122
Reclassification of allowance related to sold loans		(27)		(27)
(Charge-offs)	(366)	(10)	(567)	(41)
Recoveries	34	3	39	9
Provision (recovery)	803	(30)	1,046	(10)
Ending Balance	$ 570	$ 53	$ 570	$ 53

Allowance for Loan Losses - Cha

Allowance for Loan Losses - Changes in Accretable Yield for Purchased Impaired Loans (Detail) - Purchased Credit Impaired Loans $ in Thousands	6 Months Ended
	Sep. 30, 2017USD ($)
Accounts, Notes, Loans and Financing Receivable [Line Items]
Balance Beginning	$ 1,354
Accretion	(179)
Reclassifications from nonaccretable balance, net	0
Other changes, net	0
Balance Ending	$ 1,175

Allowance for Loan Losses - Add

Allowance for Loan Losses - Additional Information (Detail)	3 Months Ended		9 Months Ended
	Sep. 30, 2017USD ($)Property	Sep. 30, 2016USD ($)	Sep. 30, 2017USD ($)PropertyPerson	Sep. 30, 2016USD ($)	Dec. 31, 2016USD ($)Property
Accounts, Notes, Loans and Financing Receivable [Line Items]
Allowance for loan losses	$ 4,920,000		$ 4,920,000		$ 3,863,000	[1]
Period of nonperforming loans			90 days
Non-accruing loans excluded from impaired loan	726,000		$ 726,000		$ 465,000
Non-accruing loans accrued interest	4,000	$ 1,000	9,000	$ 3,000
Loans modified as TDRs	$ 0	$ 1,000	$ 0	$ 1,000
No. of Properties | Property	28		28		14
Residential
Accounts, Notes, Loans and Financing Receivable [Line Items]
Land properties collateralized with loan | Property			1
Residential mortgage loan amount	$ 93,000		$ 93,000
No. of Borrowers | Person			1
No. of Properties | Property	4		4		2
Residential | Other assets
Accounts, Notes, Loans and Financing Receivable [Line Items]
Properties marketed for sale, value	$ 708,000		$ 708,000
No. of Properties | Property	1		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		$ 1,000,000
Consumer and Other Loans
Accounts, Notes, Loans and Financing Receivable [Line Items]
Allowance for loan losses	570,000		570,000		$ 52,000
Minimum balance in order to assign a risk rating grade	250,000		250,000
Purchased Credit Impaired Loans
Accounts, Notes, Loans and Financing Receivable [Line Items]
Allowance for loan losses	$ 0		$ 0
[1]	Derived from the audited December 31, 2016 Consolidated Financial Statements

Allowance for Loan Losses - Int

Allowance for Loan Losses - Internal Risk Rating Grades (Detail) - USD ($) $ in Thousands	Sep. 30, 2017	Dec. 31, 2016
INTERNAL RISK RATING GRADES
Loan Receivables	$ 491,047	$ 161,033
Pass
INTERNAL RISK RATING GRADES
Loan Receivables	453,365	135,703
Watch
INTERNAL RISK RATING GRADES
Loan Receivables	29,157	18,522
Special Mention
INTERNAL RISK RATING GRADES
Loan Receivables	424	2,030
Substandard
INTERNAL RISK RATING GRADES
Loan Receivables	8,101	4,778
Construction, Land and Land Development
INTERNAL RISK RATING GRADES
Loan Receivables	63,046	39,818
Construction, Land and Land Development | Pass
INTERNAL RISK RATING GRADES
Loan Receivables	52,108	32,009
Construction, Land and Land Development | Watch
INTERNAL RISK RATING GRADES
Loan Receivables	7,290	5,795
Construction, Land and Land Development | Special Mention
INTERNAL RISK RATING GRADES
Loan Receivables	175	180
Construction, Land and Land Development | Substandard
INTERNAL RISK RATING GRADES
Loan Receivables	3,473	1,834
Farmland
INTERNAL RISK RATING GRADES
Loan Receivables	936	1,023
Farmland | Pass
INTERNAL RISK RATING GRADES
Loan Receivables	936	1,023
Commercial Mortgages (Non-Owner Occupied)
INTERNAL RISK RATING GRADES
Loan Receivables	141,954	35,343
Commercial Mortgages (Non-Owner Occupied) | Pass
INTERNAL RISK RATING GRADES
Loan Receivables	137,028	30,639
Commercial Mortgages (Non-Owner Occupied) | Watch
INTERNAL RISK RATING GRADES
Loan Receivables	4,472	4,184
Commercial Mortgages (Non-Owner Occupied) | Special Mention
INTERNAL RISK RATING GRADES
Loan Receivables		272
Commercial Mortgages (Non-Owner Occupied) | Substandard
INTERNAL RISK RATING GRADES
Loan Receivables	454	248
Commercial Mortgages (Owner Occupied)
INTERNAL RISK RATING GRADES
Loan Receivables	73,615	41,825
Commercial Mortgages (Owner Occupied) | Pass
INTERNAL RISK RATING GRADES
Loan Receivables	58,894	31,191
Commercial Mortgages (Owner Occupied) | Watch
INTERNAL RISK RATING GRADES
Loan Receivables	12,106	6,652
Commercial Mortgages (Owner Occupied) | Special Mention
INTERNAL RISK RATING GRADES
Loan Receivables	249	1,453
Commercial Mortgages (Owner Occupied) | Substandard
INTERNAL RISK RATING GRADES
Loan Receivables	2,366	2,529
Commercial and Industrial
INTERNAL RISK RATING GRADES
Loan Receivables	99,637	43,024
Commercial and Industrial | Pass
INTERNAL RISK RATING GRADES
Loan Receivables	95,599	40,841
Commercial and Industrial | Watch
INTERNAL RISK RATING GRADES
Loan Receivables	3,927	1,891
Commercial and Industrial | Special Mention
INTERNAL RISK RATING GRADES
Loan Receivables		125
Commercial and Industrial | Substandard
INTERNAL RISK RATING GRADES
Loan Receivables	111	$ 167
Residential First Mortgages
INTERNAL RISK RATING GRADES
Loan Receivables	46,104
Residential First Mortgages | Pass
INTERNAL RISK RATING GRADES
Loan Receivables	43,370
Residential First Mortgages | Watch
INTERNAL RISK RATING GRADES
Loan Receivables	1,252
Residential First Mortgages | Substandard
INTERNAL RISK RATING GRADES
Loan Receivables	1,482
Residential Revolving and Junior Mortgages
INTERNAL RISK RATING GRADES
Loan Receivables	20,359
Residential Revolving and Junior Mortgages | Pass
INTERNAL RISK RATING GRADES
Loan Receivables	20,276
Residential Revolving and Junior Mortgages | Watch
INTERNAL RISK RATING GRADES
Loan Receivables	33
Residential Revolving and Junior Mortgages | Substandard
INTERNAL RISK RATING GRADES
Loan Receivables	50
Consumer and Other Loans
INTERNAL RISK RATING GRADES
Loan Receivables	45,396
Consumer and Other Loans | Pass
INTERNAL RISK RATING GRADES
Loan Receivables	45,154
Consumer and Other Loans | Watch
INTERNAL RISK RATING GRADES
Loan Receivables	77
Consumer and Other Loans | Substandard
INTERNAL RISK RATING GRADES
Loan Receivables	$ 165

Allowance for Loan Losses - Per

Allowance for Loan Losses - Performing and Non Performing Loans (Detail) - USD ($) $ in Thousands	Sep. 30, 2017		Dec. 31, 2016
Performing and non performing loans
Loan receivables	$ 251,991		$ 223,976
Performing
Performing and non performing loans
Loan receivables	249,822		221,661
Nonperforming
Performing and non performing loans
Loan receivables	2,169		2,315
Residential First Mortgages
Performing and non performing loans
Loan receivables	222,913	[1]	194,007	[2]
Residential First Mortgages | Performing
Performing and non performing loans
Loan receivables	221,629	[1]	191,852	[2]
Residential First Mortgages | Nonperforming
Performing and non performing loans
Loan receivables	1,284	[1]	2,155	[2]
Residential Revolving and Junior Mortgages
Performing and non performing loans
Loan receivables	25,834	[3]	26,425	[4]
Residential Revolving and Junior Mortgages | Performing
Performing and non performing loans
Loan receivables	24,949	[3]	26,265	[4]
Residential Revolving and Junior Mortgages | Nonperforming
Performing and non performing loans
Loan receivables	885	[3]	160	[4]
Consumer and Other Loans
Performing and non performing loans
Loan receivables	3,244	[5]	3,544	[6]
Consumer and Other Loans | Performing
Performing and non performing loans
Loan receivables	$ 3,244	[5]	$ 3,544	[6]
[1]	Residential First Mortgages which have been assigned a risk rating grade of Substandard totaled $2.2 million as of September 30, 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 $927 thousand as of September 30, 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 December 31, 2017.
[6]	No Consumer Loans had been assigned a risk rating grade of Substandard as of December 31, 2016

Allowance for Loan Losses - P57

Allowance for Loan Losses - Performing and Non Performing Loans (Parenthetical) (Detail) - USD ($) $ in Thousands	Sep. 30, 2017		Dec. 31, 2016
Accounts, Notes, Loans and Financing Receivable [Line Items]
Risk rating grade totaled	$ 251,991		$ 223,976
Residential First Mortgages
Accounts, Notes, Loans and Financing Receivable [Line Items]
Risk rating grade totaled	222,913	[1]	194,007	[2]
Residential First Mortgages | Substandard
Accounts, Notes, Loans and Financing Receivable [Line Items]
Risk rating grade totaled	2,200		3,300
Residential Revolving and Junior Mortgages
Accounts, Notes, Loans and Financing Receivable [Line Items]
Risk rating grade totaled	25,834	[3]	26,425	[4]
Residential Revolving and Junior Mortgages | Substandard
Accounts, Notes, Loans and Financing Receivable [Line Items]
Risk rating grade totaled	927		1,100
Consumer and Other Loans
Accounts, Notes, Loans and Financing Receivable [Line Items]
Risk rating grade totaled	3,244	[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 $2.2 million as of September 30, 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 $927 thousand as of September 30, 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 December 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		9 Months Ended
		Sep. 30, 2017	Sep. 30, 2016	Sep. 30, 2017	Sep. 30, 2016	Dec. 31, 2016
Accounts, Notes, Loans and Financing Receivable [Line Items]
With no related allowance, Recorded Investment		$ 3,530		$ 3,530		$ 6,746
With no related allowance, Customers' Unpaid Principal Balance		3,675		3,675		7,140
With an allowance recorded, Recorded Investment		6,160		6,160		3,669
With an allowance recorded, Customers' Unpaid Principal Balance		6,278		6,278		3,738
With an allowance recorded, Related Allowance		1,074		1,074		895
Total Impaired Loans, Recorded Investment		9,690		9,690		10,415
Total Impaired Loans, Customers' Unpaid Principal Balance		9,953		9,953		10,878
Total Impaired Loans, Related Allowance		1,074		1,074		895
With no related allowance, Average Recorded Investment		3,552	$ 7,454	3,659	$ 6,667
With no related allowance, Interest Income Recognized		18	40	49	117
With an allowance recorded, Average Recorded Investment		6,096	3,227	6,078	3,216
With an allowance recorded, Interest Income Recognized		53	30	172	91
Total, Average Recorded Investment		9,648	10,681	9,737	9,883
Total, Interest Income Recognized		71	70	221	208
Construction, Land and Land Development
Accounts, Notes, Loans and Financing Receivable [Line Items]
With no related allowance, Recorded Investment		367		367		1,531
With no related allowance, Customers' Unpaid Principal Balance		449		449		1,539
With an allowance recorded, Recorded Investment		1,312		1,312		243
With an allowance recorded, Customers' Unpaid Principal Balance		1,365		1,365		286
With an allowance recorded, Related Allowance		142		142		145
Total Impaired Loans, Recorded Investment		1,679		1,679		1,774
Total Impaired Loans, Customers' Unpaid Principal Balance		1,814		1,814		1,825
Total Impaired Loans, Related Allowance		142		142		145
With no related allowance, Average Recorded Investment		367	1,533	385	1,262
With no related allowance, Interest Income Recognized			14		41
With an allowance recorded, Average Recorded Investment		1,315	250	1,323	255
With an allowance recorded, Interest Income Recognized		15	1	44	3
Total, Average Recorded Investment		1,682	1,783	1,708	1,517
Total, Interest Income Recognized		15	15	44	44
Residential First Mortgages
Accounts, Notes, Loans and Financing Receivable [Line Items]
With no related allowance, Recorded Investment		1,407		1,407		2,112
With no related allowance, Customers' Unpaid Principal Balance		1,502		1,502		2,176
With an allowance recorded, Recorded Investment		1,922		1,922		1,951
With an allowance recorded, Customers' Unpaid Principal Balance		1,922		1,922		1,951
With an allowance recorded, Related Allowance		367		367		367
Total Impaired Loans, Recorded Investment		3,329		3,329		4,063
Total Impaired Loans, Customers' Unpaid Principal Balance		3,424		3,424		4,127
Total Impaired Loans, Related Allowance		367		367		367
With no related allowance, Average Recorded Investment		1,425	2,618	1,439	2,432
With no related allowance, Interest Income Recognized		4	4	15	9
With an allowance recorded, Average Recorded Investment		1,928	1,965	1,937	1,956
With an allowance recorded, Interest Income Recognized		23	24	71	66
Total, Average Recorded Investment		3,353	4,583	3,376	4,388
Total, Interest Income Recognized		27	28	86	75
Residential Revolving and Junior Mortgages
Accounts, Notes, Loans and Financing Receivable [Line Items]
With no related allowance, Recorded Investment	[1]	481		481		995
With no related allowance, Customers' Unpaid Principal Balance	[1]	491		491		999
With an allowance recorded, Recorded Investment	[1]	1,479		1,479		544
With an allowance recorded, Customers' Unpaid Principal Balance	[1]	1,491		1,491		546
With an allowance recorded, Related Allowance	[1]	334		334		199
Total Impaired Loans, Recorded Investment	[1]	1,960		1,960		1,539
Total Impaired Loans, Customers' Unpaid Principal Balance	[1]	1,982		1,982		1,545
Total Impaired Loans, Related Allowance	[1]	334		334		199
With no related allowance, Average Recorded Investment	[1]	482	951	485	739
With no related allowance, Interest Income Recognized	[1]	5	9	7	30
With an allowance recorded, Average Recorded Investment	[1]	1,389	234	1,345	209
With an allowance recorded, Interest Income Recognized	[1]	11		38	4
Total, Average Recorded Investment	[1]	1,871	1,185	1,830	948
Total, Interest Income Recognized	[1]	16	9	45	34
Commercial Mortgages (Non-Owner Occupied)
Accounts, Notes, Loans and Financing Receivable [Line Items]
With no related allowance, Recorded Investment		248		248		248
With no related allowance, Customers' Unpaid Principal Balance		248		248		248
Total Impaired Loans, Recorded Investment		248		248		248
Total Impaired Loans, Customers' Unpaid Principal Balance		248		248		248
With no related allowance, Average Recorded Investment		248	248	248	252
With no related allowance, Interest Income Recognized		4	4	11	11
Total, Average Recorded Investment		248	248	248	252
Total, Interest Income Recognized		4	4	11	11
Commercial Mortgages (Owner Occupied)
Accounts, Notes, Loans and Financing Receivable [Line Items]
With no related allowance, Recorded Investment		1,027		1,027		1,860
With no related allowance, Customers' Unpaid Principal Balance		985		985		2,178
With an allowance recorded, Recorded Investment		1,355		1,355		839
With an allowance recorded, Customers' Unpaid Principal Balance		1,399		1,399		854
With an allowance recorded, Related Allowance		139		139		92
Total Impaired Loans, Recorded Investment		2,382		2,382		2,699
Total Impaired Loans, Customers' Unpaid Principal Balance		2,384		2,384		3,032
Total Impaired Loans, Related Allowance		139		139		92
With no related allowance, Average Recorded Investment		1,030	2,104	1,102	1,982
With no related allowance, Interest Income Recognized		5	9	16	26
With an allowance recorded, Average Recorded Investment		1,372	686	1,381	691
With an allowance recorded, Interest Income Recognized		4	5	19	17
Total, Average Recorded Investment		2,402	2,790	2,483	2,673
Total, Interest Income Recognized		9	14	35	43
Commercial and Industrial
Accounts, Notes, Loans and Financing Receivable [Line Items]
With an allowance recorded, Recorded Investment		92		92		92
With an allowance recorded, Customers' Unpaid Principal Balance		101		101		101
With an allowance recorded, Related Allowance		92		92		92
Total Impaired Loans, Recorded Investment		92		92		92
Total Impaired Loans, Customers' Unpaid Principal Balance		101		101		101
Total Impaired Loans, Related Allowance		92		92		$ 92
With an allowance recorded, Average Recorded Investment		92	92	92	105
With an allowance recorded, Interest Income Recognized					1
Total, Average Recorded Investment		$ 92	$ 92	$ 92	105
Total, Interest Income Recognized					$ 1
[1]	Junior mortgages include equity lines.

Allowance for Loan Losses - Sum

Allowance for Loan Losses - Summary of Troubled Debt Restructurings (Detail) - Residential First Mortgages $ in Thousands		3 Months Ended		9 Months Ended
		Sep. 30, 2017USD ($)	Sep. 30, 2016USD ($)	Sep. 30, 2017USD ($)	Sep. 30, 2016USD ($)
Accounts, Notes, Loans and Financing Receivable [Line Items]
Number of Loans	[1]	0	0	0	1
Pre-Modification Outstanding Recorded Investment	[1]	$ 0	$ 0	$ 0	$ 244
Post-Modification Outstanding Recorded Investment	[1]	$ 0	$ 0	$ 0	$ 244
[1]	Modification was a capitalization of interest.

Other Real Estate Owned Net - S

Other Real Estate Owned Net - Summary of Properties Included in Other Real Estate Owned (OREO) (Detail) $ in Thousands	Sep. 30, 2017USD ($)Property	Dec. 31, 2016USD ($)Property
Real Estate Properties [Line Items]
No. of Properties | Property	28	14
Carrying Value | $	$ 5,159	$ 2,494	[1]
Land lots
Real Estate Properties [Line Items]
No. of Properties | Property	17	7
Carrying Value | $	$ 3,089	$ 547
Convenience Stores
Real Estate Properties [Line Items]
No. of Properties | Property	1	1
Carrying Value | $	$ 55	$ 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	5	3
Carrying Value | $	$ 1,071	$ 942
Residential
Real Estate Properties [Line Items]
No. of Properties | Property	4	2
Carrying Value | $	$ 889	$ 891
[1]	Derived from the audited December 31, 2016 Consolidated Financial Statements

Earnings Per Share - Additional

Earnings Per Share - Additional Information (Detail) - USD ($) $ / shares in Units, $ in Thousands	1 Months Ended	3 Months Ended		9 Months Ended
	Aug. 31, 2017	Sep. 30, 2017	Sep. 30, 2016	Sep. 30, 2017	Sep. 30, 2016
Computation Of Earnings Per Share Line Items
Stock Issued During Period, Value, New Issues	$ 35,000
Proceeds from net of offering expenses	$ 32,900			$ 32,888
Stock Issued During Period, Shares, New Issues	3,783,784
Common stock offering price	$ 9.25
Unearned Employee Stock Ownership Plan Shares
Computation Of Earnings Per Share Line Items
Shares not included in computing diluted earnings per share because effects were anti-dilutive		11,258	33,451	21,258	47,041
Employee Stock Ownership Plan (ESOP), Plan
Computation Of Earnings Per Share Line Items
Shares not included in computing diluted earnings per share because effects were anti-dilutive		136,376		104,510

Earnings per share - Weighted A

Earnings per share - Weighted Average Number of Shares Used in Computing Earnings Per Share (Detail) - $ / shares	3 Months Ended		9 Months Ended
	Sep. 30, 2017	Sep. 30, 2016	Sep. 30, 2017	Sep. 30, 2016
Earnings Per Share, Diluted, by Common Class, Including Two Class Method [Line Items]
Basic earnings per share	10,488,227	4,774,856	8,175,431	4,774,856
Effect of dilutive securities:
Stock options	69,396	22,665	67,269	18,291
Diluted earnings per share	10,557,623	4,797,521	8,242,700	4,793,147
Basic earnings per share	$ 0.07	$ 0.18	$ 0.14	$ 0.41
Diluted earnings per share	$ 0.07	$ 0.18	$ 0.14	$ 0.41

Stock-Based Compensation Plans

Stock-Based Compensation Plans - Additional Information (Detail)	3 Months Ended		9 Months Ended
	Sep. 30, 2017USD ($)ExecutiveOfficersshares	Sep. 30, 2016USD ($)	Sep. 30, 2017USD ($)ExecutiveOfficersshares	Sep. 30, 2016USD ($)	Dec. 31, 2016shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares available for grant | shares	309,709		309,709
Stock-based compensation expense			$ 178,000	$ 16,000
Unrecognized compensation expenses related to stock award	$ 0		0
Unearned Employee Stock Ownership Plan Shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock-based compensation expense	$ 0	$ 0	24,000	16,000
Restricted Stock
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock-based compensation expense			$ 60,000	$ 0
Number of executives | ExecutiveOfficers	4		4
Share based compensation, unvested restricted stock granted | shares	10,500		10,500		0
Restricted Stock | Executive
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share based compensation, restricted stock granted | shares			15,500

Stock-Based Compensation - Fair

Stock-Based Compensation - Fair Value of Options (Detail)	9 Months Ended
	Sep. 30, 2017	Sep. 30, 2016
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Risk free interest rate (5 year Treasury)		1.49%
Risk free interest rate minimum(5 year Treasury)	1.78%
Risk free interest rate maximum (5 year Treasury)	1.93%
Expected dividend yield	0.00%	0.00%
Expected term (years)	5 years	5 years
Expected volatility		40.10%
Expected volatility minimum	17.20%
Expected volatility maximum	21.70%

Stock-Based Compensation - Fa65

Stock-Based Compensation - Fair Value of Options (Parenthetical) (Detail)	9 Months Ended
	Sep. 30, 2017	Sep. 30, 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 ($)		9 Months Ended	12 Months Ended
		Sep. 30, 2017	Dec. 31, 2016
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Options outstanding, beginning		218,300
Granted, shares		13,000
Forfeited, shares		(1,195)
Exercised, shares		(33,622)
Expired, shares		(9,625)
Options outstanding and exercisable, ending		186,858	218,300
Options outstanding, beginning, Weighted Average Exercise Price		$ 6.35
Granted, Weighted Average Exercise Price		8.54
Forfeited, Weighted Average Exercise Price		8.43
Exercised, Weighted Average Exercise Price		5.75
Expired, Weighted Average Exercise Price		13.76
Options outstanding and exercisable, ending, Weighted Average Exercise Price		$ 6.22	$ 6.35
Options outstanding and exercisable, ending, Weighted Average Remaining Contractual Life		5 years 8 months 12 days	5 years 10 months 25 days
Options outstanding, ending, Aggregate Intrinsic Value	[1]	$ 635,628
[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 September 30, 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)	9 Months Ended
	Sep. 30, 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	1,000
Employer contribution	$ 5,000

Employee Benefit Plans - Compon

Employee Benefit Plans - Components of Net Periodic Benefit Cost (Gain) (Detail) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2017	Sep. 30, 2016
Pension Plan, Defined Benefit
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Interest cost	$ 93	$ 101
Expected return on plan assets	(135)	(142)
Settlement loss	39	21
Recognized net actuarial loss	57	58
Net periodic cost	54	38
Other Postretirement Benefit Plan, Defined Benefit
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Service cost	15	17
Interest cost	15	21
Amortization of net gain	(6)
Net periodic cost	$ 24	$ 38

Long Term Debt - Additional Inf

Long Term Debt - Additional Information (Detail)	May 28, 2015USD ($)	Sep. 30, 2017USD ($)Loan	Dec. 31, 2016USD ($)Loan
Debt Instrument [Line Items]
Federal Home Loan Bank advances		$ 75,000,000	$ 35,000,000	[1]
Number of FHLB debt advances | Loan		6	5
Immediate available credit		$ 134,800,000
Total line of credit		$ 215,800,000
Weighted average interest rate		1.47%	1.49%
Virginia BanCorp
Debt Instrument [Line Items]
Current Interest Rate		3.25%
Debt acquired in merger		$ 911,000
Debt instrument, maturity date range, start		Mar. 1, 2019
Debt instrument, maturity date range, end		Nov. 1, 2026
Subordinated Debt Due May 2025
Debt Instrument [Line Items]
Debt instrument, maturity date	May 28, 2025
Current Interest Rate	6.50%	6.50%
Debt instrument, face amount	$ 7,000,000	$ 7,000,000
Debt instrument, frequency of payment		1st of March and September of each year, commencing September 1, 2015
Debt instrument integral multiple principal amount	$ 1,000
Debt instrument redemption period start date	May 28, 2020
FHLB
Debt Instrument [Line Items]
Federal Home Loan Bank advances		$ 50,000,000
Debt instrument, maturity date		Oct. 2, 2017
FHLB | Fixed Rate Advance
Debt Instrument [Line Items]
Federal Home Loan Bank advances		$ 55,000,000
Debt instrument, maturity date		Nov. 1, 2017
Current Interest Rate		1.16%
FHLB | Fixed Rate Credit
Debt Instrument [Line Items]
Federal Home Loan Bank advances		$ 5,000,000
Debt instrument, maturity date		Oct. 17, 2017
FHLB | Daily Rate Credit
Debt Instrument [Line Items]
Federal Home Loan Bank advances		$ 5,000,000
Debt instrument, maturity date		Nov. 1, 2017
Current Interest Rate		1.16%
FHLB | Daily Rate Advance
Debt Instrument [Line Items]
Federal Home Loan Bank advances		$ 5,000,000
[1]	Derived from the audited December 31, 2016 Consolidated Financial Statements

Long Term Debt - Advances of De

Long Term Debt - Advances of Debt (Detail) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2017	Dec. 31, 2016	[1]
Debt Instrument [Line Items]
Federal Home Loan Bank advances	$ 75,000	$ 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	3.6835%
Maturity Date	Apr. 13, 2020
Daily Rate Credit | Federal Home Loan Bank Advances Four
Debt Instrument [Line Items]
Federal Home Loan Bank advances	$ 5,000
Originated	May 30, 2017
Current Interest Rate	1.32%
Maturity Date	May 30, 2018
Fixed Rate Credit | Federal Home Loan Bank Advances Two
Debt Instrument [Line Items]
Federal Home Loan Bank advances	$ 5,000
Originated	Jan. 17, 2017
Current Interest Rate	0.91%
Maturity Date	Oct. 17, 2017
Fixed Rate Credit | Federal Home Loan Bank Advances Three
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 Five
Debt Instrument [Line Items]
Federal Home Loan Bank advances	$ 50,000
Originated	Sep. 1, 2017
Current Interest Rate	1.15%
Maturity Date	Oct. 2, 2017
[1]	Derived from the audited December 31, 2016 Consolidated Financial Statements

Subordinated Debt (Detail)

Subordinated Debt (Detail) - USD ($)	Sep. 30, 2017	Dec. 31, 2016	[1]	May 28, 2015
Debt and Financial Instruments [Line Items]
Subordinated debt	$ 6,873,000	$ 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	(127,000)
Subordinated debt	$ 6,873,000
[1]	Derived from the audited December 31, 2016 Consolidated Financial Statements

Subordinated Debt (Parenthetica

Subordinated Debt (Parenthetical) (Detail)	Sep. 30, 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	9 Months Ended	12 Months Ended
	Sep. 30, 2017Loan$ / Loan	Dec. 31, 2016Loan$ / Loan
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Number of portfolio	2
Fannie Mae
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	6.33	6
Average PSA assumed rate	153.00%	150.00%
Discount rate	14.00%	14.00%
Freddie Mac
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Loan segregated, number of pools | Loan	5
Service costs assumed, per loan | $ / Loan	7.95
Average PSA assumed rate	202.19%
Discount rate	7.51%
Constant prepayment rate	103.59%
100% PSA | Fannie Mae | First Month
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Prepayment rate	0.00%
100% PSA | Fannie Mae | 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 | Fannie Mae | Month 30
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Prepayment rate	6.00%
100% PSA | Fannie Mae | 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	Sep. 30, 2017	Dec. 31, 2016
Securities available for sale:
Securities available-for-sale	$ 71,893	$ 51,173	[1]
Mortgage servicing rights	978	671	[1]
Defined benefit plan assets:
Defined Benefit Plan Fair Value Of Plan Assets	2,532	2,690
Corporate Bonds
Securities available for sale:
Securities available-for-sale	6,717	7,704
US Government Agencies
Securities available for sale:
Securities available-for-sale	43,973	25,313
State and Municipal Obligations
Securities available for sale:
Securities available-for-sale	21,203	18,156
Cash and Cash Equivalents
Defined benefit plan assets:
Defined Benefit Plan Fair Value Of Plan Assets	2
Fixed Income Funds
Defined benefit plan assets:
Defined Benefit Plan Fair Value Of Plan Assets	987	1,041
Equity Funds
Defined benefit plan assets:
Defined Benefit Plan Fair Value Of Plan Assets	1,543	1,649
Fair Value, Inputs, Level 1
Defined benefit plan assets:
Defined Benefit Plan Fair Value Of Plan Assets	2,532	2,690
Fair Value, Inputs, Level 1 | Cash and Cash Equivalents
Defined benefit plan assets:
Defined Benefit Plan Fair Value Of Plan Assets	2
Fair Value, Inputs, Level 1 | Fixed Income Funds
Defined benefit plan assets:
Defined Benefit Plan Fair Value Of Plan Assets	987	1,041
Fair Value, Inputs, Level 1 | Equity Funds
Defined benefit plan assets:
Defined Benefit Plan Fair Value Of Plan Assets	1,543	1,649
Fair Value, Inputs, Level 2
Securities available for sale:
Securities available-for-sale	65,176	43,469
Fair Value, Inputs, Level 2 | US Government Agencies
Securities available for sale:
Securities available-for-sale	43,973	25,313
Fair Value, Inputs, Level 2 | State and Municipal Obligations
Securities available for sale:
Securities available-for-sale	21,203	18,156
Fair Value, Inputs, Level 3
Securities available for sale:
Securities available-for-sale	6,717	7,704
Mortgage servicing rights	978	671
Fair Value, Inputs, Level 3 | Corporate Bonds
Securities available for sale:
Securities available-for-sale	$ 6,717	$ 7,704
[1]	Derived from the audited December 31, 2016 Consolidated Financial Statements

Fair Value Measurements - Recon

Fair Value Measurements - Reconciliation of Items Using Level Three Inputs (Detail) $ in Thousands	9 Months Ended
	Sep. 30, 2017USD ($)
Mortgage Servicing Rights
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Beginning balance	$ 671
Purchases	0
Acquired in merger	324
Impairments	0
Fair value adjustments	(17)
Ending balance	978
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	13
Sales	(1,000)
Ending balance	$ 6,717

Fair Value Measurements - Summa

Fair Value Measurements - Summary of Assets Measured at Fair Value on Nonrecurring Basis (Detail) - USD ($) $ in Thousands	Sep. 30, 2017	Dec. 31, 2016
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Impaired Loans, net	$ 5,086	$ 2,774
Other real estate owned, net	5,159	2,494
Fair Value, Inputs, Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Impaired Loans, net	5,086	2,774
Other real estate owned, net	$ 5,159	$ 2,494

Fair Value Measurements - Sum77

Fair Value Measurements - Summary of Quantitative Fair Value Measurements for Level 3 (Detail) - USD ($) $ in Thousands	9 Months Ended	12 Months Ended
	Sep. 30, 2017	Dec. 31, 2016
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Impaired Loans, net	$ 5,086	$ 2,774
Other real estate owned, net	$ 5,159	$ 2,494
Impaired Loans
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Unobservable Input, Lack of Marketability		50.00%
Weighted Average | Impaired Loans
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Unobservable Input, Selling Cost	20.00%	16.00%
Unobservable Input, Lack of Marketability	55.00%	50.00%
Weighted Average | Other Real Estate Owned
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Unobservable Input, Selling Cost	7.00%	5.00%
Unobservable Input, Lack of Marketability	11.00%	11.00%
Minimum | Impaired Loans
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Unobservable Input, Selling Cost	10.00%	10.00%
Unobservable Input, Lack of Marketability	50.00%
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	100.00%	20.00%
Unobservable Input, Lack of Marketability	75.00%
Maximum | Other Real Estate Owned
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Unobservable Input, Selling Cost	13.00%	13.00%
Unobservable Input, Lack of Marketability	20.00%	20.00%

Fair Value Measurements - Estim

Fair Value Measurements - Estimated Fair Values of Financial Instruments (Detail) - USD ($) $ in Thousands	Sep. 30, 2017	Dec. 31, 2016
Financial Assets:
Cash and due from banks	$ 5,806	$ 4,851	[1]
Interest-bearing deposits	46,060	7,945	[1]
Certificates of deposit	3,224	4,216	[1]
Federal funds sold	23,357	1,906	[1]
Securities available-for-sale	71,893	51,173	[1]
Restricted securities	6,000	2,649	[1]
Loans, net	739,708	381,537	[1]
Loans held for sale	162	276	[1]
Accrued interest receivable	2,905	1,372	[1]
Bank owned life insurance	18,641	9,869	[1]
Mortgage servicing rights	978	671
Financial Liabilities:
Non-interest-bearing liabilities	99,531	74,799	[1]
Savings and other interest-bearing deposits	297,150	178,869	[1]
Time deposits	338,732	128,050	[1]
Securities sold under repurchase agreements	17,091	18,310	[1]
FHLB advances	75,000	35,000	[1]
Subordinated debt	6,873	6,860	[1]
Accrued interest payable	302	331
Financial Assets:
Cash and due from banks	5,806	4,851
Interest-bearing deposits	46,060	7,945
Certificates of deposit	3,224	4,216
Federal funds sold	23,357	1,906
Securities available-for-sale	71,893	51,173	[1]
Restricted securities	6,000	2,649
Loans, net	745,665	384,468
Loans held for sale	162	276
Accrued interest receivable	2,905	1,372
Bank owned life insurance	18,641	9,869
Mortgage servicing rights	978	671	[1]
Financial Liabilities:
Non-interest-bearing liabilities	99,531	74,799
Savings and other interest-bearing deposits	297,150	178,869
Time deposits	337,586	127,497
Securities sold under repurchase agreements	17,091	18,310
FHLB advances	75,520	35,668
Subordinated debt	7,000	7,000
Accrued interest payable	302	331
Fair Value, Inputs, Level 1
Financial Assets:
Cash and due from banks	5,806	4,851
Interest-bearing deposits	46,060	7,945
Federal funds sold	23,357	1,906
Bank owned life insurance	18,641	9,869
Financial Liabilities:
Non-interest-bearing liabilities	99,531	74,799
Savings and other interest-bearing deposits	297,150
Fair Value, Inputs, Level 2
Financial Assets:
Securities available-for-sale	65,176	43,469
Financial Assets:
Certificates of deposit	3,224	4,216
Securities available-for-sale	65,176	43,469
Accrued interest receivable	2,905	1,372
Financial Liabilities:
Savings and other interest-bearing deposits		178,869
Securities sold under repurchase agreements	17,091	18,310
FHLB advances	75,520	35,668
Accrued interest payable	302	331
Fair Value, Inputs, Level 3
Financial Assets:
Securities available-for-sale	6,717	7,704
Financial Assets:
Securities available-for-sale	6,717	7,704
Restricted securities	6,000	2,649
Loans, net	745,665	384,468
Loans held for sale	162	276
Mortgage servicing rights	978	671
Financial Liabilities:
Time deposits	337,586	127,497
Subordinated debt	$ 7,000	$ 7,000
[1]	Derived from the audited December 31, 2016 Consolidated Financial Statements

Changes in Accumulated Other 79

Changes in Accumulated Other Comprehensive Income (Loss) - Balances in Accumulated Other Comprehensive Income (Loss) (Detail) - USD ($) $ in Thousands		3 Months Ended		9 Months Ended
		Sep. 30, 2017	Sep. 30, 2016	Sep. 30, 2017	Sep. 30, 2016
Accumulated Other Comprehensive Income (Loss) [Line Items]
Balance at beginning of period	[1]			$ 41,705
Balance at end of period		$ 117,788		117,788
Net Unrealized Gains (Losses) on Securities
Accumulated Other Comprehensive Income (Loss) [Line Items]
Balance at beginning of period		(200)	$ 624	(520)	$ 107
Change in net unrealized holding gains on securities, before reclassification, net of tax expense		39		360	590
Reclassification for previously unrealized net (gains) losses recognized in income, net of tax expense (benefit)			(118)	(1)	(191)
Balance at end of period		(161)	506	(161)	506
Pension and Post employment costs
Accumulated Other Comprehensive Income (Loss) [Line Items]
Balance at beginning of period		(715)	(883)	(715)	(883)
Balance at end of period		(715)	(883)	(715)	(883)
Accumulated Other Comprehensive Income (Loss)
Accumulated Other Comprehensive Income (Loss) [Line Items]
Balance at beginning of period		(915)	(259)	(1,235)	(776)
Change in net unrealized holding gains on securities, before reclassification, net of tax expense		39		360	590
Reclassification for previously unrealized net (gains) losses recognized in income, net of tax expense (benefit)			(118)	(1)	(191)
Balance at end of period		$ (876)	$ (377)	$ (876)	$ (377)
[1]	Derived from the audited December 31, 2016 Consolidated Financial Statements

Changes in Accumulated Other 80

Changes in Accumulated Other Comprehensive Income (Loss) - Balances in Accumulated Other Comprehensive Income (Loss) (Parenthetical) (Detail) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2017	Sep. 30, 2016	Sep. 30, 2017	Sep. 30, 2016
Accumulated Other Comprehensive Income (Loss) [Line Items]
Change in net unrealized holding gains on securities, before reclassification, tax expense	$ 20		$ 185	$ 305
Reclassification for previously unrealized net (gains) losses recognized in income, tax expense (benefit)	$ 0	$ 62	$ 1	$ 99

Changes in Accumulated Other 81

Changes in Accumulated Other Comprehensive Income (Loss) - Reclassification of Unrealized Gains (Losses) and Impairments on Securities (Detail) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2017	Sep. 30, 2016	Sep. 30, 2017	Sep. 30, 2016
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Tax expense	$ (273)	$ (326)	$ (406)	$ (669)
Net Unrealized Gains (Losses) on Securities | Reclassification out of Accumulated Other Comprehensive Income
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Net gains on sale of securities available-for-securities		180	2	290
Tax expense		(62)	(1)	(99)
Impact on net income		$ 118	$ 1	$ 191