Bay Banks of Virginia (BAYK) 10-K 9 Apr 18 2017 FY Annual report Financial data

Document and Entity Information

Document and Entity Information - USD ($)	12 Months Ended
	Dec. 31, 2017	Mar. 22, 2018	Jun. 30, 2017
Document Information [Line Items]
Document Type	10-K
Amendment Flag	false
Document Period End Date	Dec. 31, 2017
Document Fiscal Year Focus	2,017
Document Fiscal Period Focus	FY
Trading Symbol	BAYK
Entity Registrant Name	BAY BANKS OF VIRGINIA INC
Entity Central Index Key	1,034,594
Current Fiscal Year End Date	--12-31
Entity Well-known Seasoned Issuer	No
Entity Current Reporting Status	Yes
Entity Voluntary Filers	No
Entity Filer Category	Smaller Reporting Company
Entity Common Stock, Shares Outstanding		13,223,096
Entity Public Float			$ 73,831,091

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($) $ in Thousands		Dec. 31, 2017	Dec. 31, 2016
ASSETS
Cash and due from banks		$ 9,396	$ 4,851
Interest-bearing deposits		41,971	7,501
Certificates of deposit		3,224	4,216
Federal funds sold		6,961	2,350
Securities available-for-sale, at fair value		77,153	51,173
Restricted securities		5,787	2,649
Loans receivable, net of allowance for loan losses of $7,770 and $3,863		758,726	381,537
Loans held for sale		1,651	276
Premises and equipment, net		17,866	10,844
Accrued interest receivable		3,194	1,372
Other real estate owned, net		4,284	2,494
Bank owned life insurance		18,773	9,869
Goodwill		10,374	2,808
Mortgage servicing rights		999	671
Intangible		3,990
Other assets		7,206	4,099
Total assets		970,556	486,710
LIABILITIES
Noninterest-bearing deposits		103,037	74,799
Savings and interest-bearing demand deposits		299,820	178,869
Time deposits		358,989	128,050
Total deposits		761,846	381,718
Securities sold under repurchase agreements		9,498	18,310
Federal Home Loan Bank advances		70,000	35,000
Subordinated debt, net of issuance costs		6,877	6,860
Other liabilities		7,781	3,117
Total liabilities		856,002	445,005
SHAREHOLDERS' EQUITY
Common stock ($5 par value; authorized - 30,000,000 shares; outstanding - 13,203,605 and 4,774,856 shares, respectively)	[1],[2]	66,018	23,874
Additional paid-in capital		37,142	2,872
Unearned employee stock ownership plan shares		(1,129)
Retained earnings		13,679	16,194
Accumulated other comprehensive loss, net		(1,156)	(1,235)
Total shareholders' equity		114,554	41,705
Total liabilities and shareholders' equity		970,556	$ 486,710
Core Deposits
ASSETS
Intangible		$ 2,991
[1]	On March 15, 2017, the Company's shareholders voted to increase the authorized shares. Refer to Note 26.
[2]	The Company has preferred stock authorized, however none is outstanding.

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Thousands	Dec. 31, 2017	Dec. 31, 2016
Loans, allowance for loan losses	$ 7,770	$ 3,863
Common stock, par value	$ 5	$ 5
Common stock, authorized shares	30,000,000	30,000,000
Common stock, outstanding shares	13,203,605	4,774,856

Consolidated Statements of Oper

Consolidated Statements of Operations - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016
INTEREST INCOME
Loans, including fees	$ 31,330	$ 16,388
Securities:
Taxable	1,399	904
Tax-exempt	423	496
Federal funds sold	164	4
Interest-bearing deposit accounts	310	61
Certificates of deposit	74	83
Total interest income	33,700	17,936
INTEREST EXPENSE
Deposits	4,513	2,562
Federal funds purchased	11	2
Securities sold under repurchase agreements	15	15
Subordinated debt	482	472
FHLB advances	980	474
Total interest expense	6,001	3,525
Net interest income	27,699	14,411
Provision for loan losses	4,934	287
Net interest income after provision for loan losses	22,765	14,124
NON-INTEREST INCOME
Income from fiduciary activities	904	967
Service charges and fees on deposit accounts	900	890
VISA-related fees	68	168
Non-deposit product income	370	357
Other service charges and fees	705	611
Secondary market lending fees	469	765
Increase in cash surrender value of life insurance	473	274
Net gains on sale of securities available for sale	2	435
Other real estate losses	(221)	(127)
Net losses on the disposal of fixed assets	(220)
Other income	234	270
Total non-interest income	3,684	4,610
NON-INTEREST EXPENSES
Salaries and employee benefits	13,223	7,799
Occupancy expense	2,735	1,793
Data processing	1,258	671
Bank franchise tax	533	295
VISA expense	35	100
Telecommunications expense	308	125
FDIC assessments	580	366
Foreclosure property expense	147	93
Consulting expense	665	282
Advertising and marketing	664	197
Directors' fees	624	337
Audit and accounting fees	746	322
Merger related expenses	1,976	575
Intangible amortization	679
Other expense	2,751	2,278
Total non-interest expenses	26,924	15,233
(Loss) income before income taxes	(475)	3,501
Income tax expense	797	966
Net (loss) income	$ (1,272)	$ 2,535
Basic Earnings Per Share
Average basic shares outstanding	9,399,223	4,774,856
(Loss) earnings per share, basic	$ (0.14)	$ 0.53
Diluted Earnings Per Share
Average diluted shares outstanding	9,399,223	4,799,946
(Loss) earnings per share, diluted	$ (0.14)	$ 0.53

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Income (Loss) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016
Net (loss) income	$ (1,272)	$ 2,535
Unrealized gains (losses) on securities:
Net unrealized holding gains (losses) arising during the period	144	(515)
Deferred tax benefit (expense)	(30)	175
Reclassification of net securities gains	(2)	(435)
Deferred tax expense (benefit)		148
Unrealized (losses) gains adjustment, net of tax	112	(627)
Defined benefit plan:
Total other comprehensive (loss) income	267	(459)
Comprehensive (loss) income	(1,005)	2,076
Pension Plan, Defined Benefit
Defined benefit plan:
Net pension/post retirement gain	49	8
Deferred tax (expense) benefit	(17)	(3)
Reclassification expense	81	78
Deferred tax benefit	(28)	(26)
Defined benefit pension plan/ post retirement plan adjustment, net of tax	85	57
Other Postretirement Benefit Plan, Defined Benefit
Defined benefit plan:
Net pension/post retirement gain	109	169
Deferred tax (expense) benefit	(39)	(58)
Defined benefit pension plan/ post retirement plan adjustment, net of tax	$ 70	$ 111

Consolidated Statements of Chan

Consolidated Statements of Changes in Shareholders' Equity - USD ($) $ in Thousands	Total	Common Stock	Additional Paid-in Capital	Unearned Employee Stock Ownership Plan Shares	Retained Earnings	Accumulated Other Comprehensive Income (Loss)
Balance at beginning of period at Dec. 31, 2015	$ 39,569	$ 23,874	$ 2,812		$ 13,659	$ (776)
Balance at beginning of period, Shares at Dec. 31, 2015		4,774,856
Net (loss) income	2,535				2,535
Other comprehensive (loss) income	$ (459)					(459)
Stock options exercised, Shares	0
Stock compensation expense	$ 60		60
Balance at end of period at Dec. 31, 2016	$ 41,705	$ 23,874	2,872		16,194	(1,235)
Balance at end of period, Shares at Dec. 31, 2016	4,774,856	4,774,856
Net (loss) income	$ (1,272)				(1,272)
Other comprehensive (loss) income	267					267
Dividends declared ($0.12 per share)	(1,431)				(1,431)
Issuance of common stock in connection with Virginia BanCorp acquisition	42,245	$ 22,931	20,225	$ (911)
Issuance of common stock in connection with Virginia BanCorp acquisition, Shares		4,586,221
Shares issued via private placement net of $2.2 million of issuance cost	32,805	$ 18,919	13,886
Shares issued via private placement net of $2.2 million of issuance costs, Shares		3,783,784
Tax Cuts and Jobs Act of 2017, reclassification from AOCI to retained earnings, tax effect	(188)				188	(188)
Stock options exercised	$ 254	$ 217	37
Stock options exercised, Shares	43,244	43,244
Restricted shares granted		$ 77	(77)
Restricted shares granted, Shares		15,500
ESOP loan	$ (351)			(351)
ESOP compensation expense	133			133
Stock compensation expense	199		199
Balance at end of period at Dec. 31, 2017	$ 114,554	$ 66,018	$ 37,142	$ (1,129)	$ 13,679	$ (1,156)
Balance at end of period, Shares at Dec. 31, 2017	13,203,605	13,203,605

Consolidated Statements of Cha7

Consolidated Statements of Changes in Shareholders' Equity (Parenthetical) $ in Millions	12 Months Ended
	Dec. 31, 2017USD ($)$ / shares
Dividends declared per share | $ / shares	$ 0.12
Shares issued via private placement, net of issuance costs | $	$ 2.2

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016
Cash Flows From Operating Activities
Net (loss) income	$ (1,272)	$ 2,535
Adjustments to reconcile net income (loss) to net cash provided by operating activities:
Depreciation and amortization	1,435	1,057
Net amortization and accretion of securities	411	424
Amortization of core deposit intangible	679
Accretion of time deposits	(307)
Amortization of subordinated debt issuance costs	17	16
Accretion of loan discount	(1,907)
Provision for loan losses	4,934	287
Stock and ESOP compensation expense	332	60
Deferred income tax expense (benefit)	435	(88)
Gain on securities available-for-sale	(2)	(435)
Increase in OREO valuation allowance	245	53
(Gain) Loss on sale of other real estate	(23)	74
Loss on disposal of fixed assets	220
Mortgage servicing rights	(4)	(13)
Increase in cash surrender value of life insurance	(474)	(274)
Loan originations for sale	(13,446)	(22,399)
Loan sales	12,545	22,871
Gain on loans sold	(473)	(628)
Increase in accrued income and other assets	(2,077)	(147)
Increase in other liabilities	2,370	506
Net cash provided by operating activities	3,638	3,899
Cash Flows From Investing Activities
Proceeds from maturities and principal paydowns of available-for-sale securities	3,911	4,224
Proceeds from sales and calls of available-for-sale securities	17,937	19,509
Maturities of certificates of deposits	992	1,488
Purchase of bank owned life insurance		(2,000)
Purchases of available-for-sale securities	(25,979)	(21,727)
Sales (purchases) of restricted securities	(1,595)	82
Increase in federal funds sold	(4,611)	(2,079)
Loan (originations) and principal collections, net	(79,452)	(29,178)
Proceeds from the sale of VISA loan portfolio		1,301
Loan purchases and principal collections, net	(34,809)	(11,561)
Cash acquired in the merger with Virginia Commonwealth	14,698
Proceeds from sale of other real estate	1,193	342
Proceeds from sale of equipment	9
Purchases of premises and equipment	(2,237)	(256)
Net cash used in investing activities	(109,943)	(39,855)
Cash Flows From Financing Activities
Increase in demand, savings, and other interest-bearing deposits	3,430	21,198
Net increase in time deposits	109,074	662
Stock options exercised	254
Net increase (decrease) in securities sold under repurchase agreements	(8,812)	11,149
Issuance of stock, net	32,805
Dividends paid	(1,431)
(Decrease) increase in Federal Home Loan Bank advances	10,000	(5,000)
Net cash provided by financing activities	145,320	28,009
Net increase (decrease) in cash and cash equivalents (including interest-earning deposits	39,015	(7,947)
Cash and cash equivalents (including interest-earning deposits) at beginning of period	12,352	20,299
Cash and cash equivalents (including interest-earning deposits) at end of period	51,367	12,352
Cash paid for:
Interest	6,003	3,538
Income taxes	420	470
Non-cash investing and financing:
Unrealized (loss) gain on investment securities	142	(950)
Change in fair value of pension and post-retirement obligation	239	255
Loans transferred to other real estate owned	294	1,943
Loans originated to facilitate sale of OREO	190	850
Changes in deferred taxes resulting from OCI transactions	(114)	236
Transfer of loans to held for sale		$ 1,173
ESOP Loan	351
Business combination:
Assets acquired, net of cash acquired	314,437
Liabilities assumed	294,454
Net assets acquired, net of cash acquired	$ 19,983

Organization and Presentation

Organization and Presentation	12 Months Ended
	Dec. 31, 2017
Organization and Presentation	Note 1. Organization and Presentation Organization. Virginia Commonwealth Bank (the “Bank”) is a state-chartered bank and a member of the Federal Reserve System. It serves businesses, professionals and consumers in the Greater Richmond area, the Tri-Cities VCB Financial Group, Inc. (the “Financial Group”) provides management services for personal and corporate trusts, including estate planning, estate settlement, and trust administration from its main office in Kilmarnock, Virginia. Products include revocable and irrevocable living trusts, testamentary trusts, custodial accounts, investment management accounts and managed, as well as self-directed, rollover Individual Retirement Accounts. Basis of Presentation. Certain amounts presented in the consolidated financial statements of prior periods have been reclassified to conform to the current year presentations. The reclassifications had no effect on net income, net income per share or shareholders’ equity as previously reported.

Business Combination

Business Combination	12 Months Ended
	Dec. 31, 2017
Business Combination	Note 2. Business Combination On April 1, 2017, the Company and Virginia BanCorp Inc. (“Virginia BanCorp”), a bank holding company conducting substantially all of its operations through it 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 valuded at approximately $42.2 million. As of the completion of the merger, the Company’s legacy shareholders owned approximately 51% of the outstanding common stock of the Company and Virginia BanCorp’s former shareholders owned appropriately 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 were consolidated 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. Under this method, the assets and liabilities of Virginia BanCorp were recorded at their respective fair values as of April 1, 2017. Determining the fair value of assets and liabilities, particularly to the loan portfolio, is a complex process involving significant judgment regarding methods and assumptions used to calculate the estimated fair values. The fair values are preliminary and subject to refinement for up to one year after the acquisition date, as additional information relative to the acquisition date fair values becomes available. The Company recognized goodwill of $7.6 million in connection with the acquisition, none of which is deductible for income tax purposes. 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. Fair Value As Recorded As Recorded and Reclassification 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 (62,068 ) 210,411 Loans held for sale — 55,648 55,648 Deferred income taxes 1,325 255 1,580 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 365 — 365 Total identified assets acquired 328,951 184 329,135 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 $ 35,230 $ (549 ) $ 34,681 Goodwill resulting from acquisition $ 7,566 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 $266.1 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). One pool of purchased performing consumer loans was reevaluated after the initial recording of the transaction due to higher charge-offs than originally estimated. As a result, the discount on this pool was increased by $2.2 million, and the related deferred tax asset increased by $735 thousand which increased the previously disclosed goodwill by $1.4 million. These adjustments are reflected in the table above. 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 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 classified them back as held to maturity loans in the 3rd quarter of 2017. 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 on 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 operations 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 $2.0 million were included in the Company’s actual consolidated statements of operations for the year ended December 31, 2017, 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 Years Ended (Dollars in thousands) December 31, 2017 December 31, 2016 Net interest income $ 27,169 $ 27,342 Net income 1,825 6,182 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 operations for the years ended December 31, 2017. Year Ended (Dollars in thousands) December 31, 2017 Loans (1) $ 1,907 Core deposit intangible (2) (679 ) Time deposits (3) 307 Depreciation (4) (30 ) Net impact to income before income taxes $ 1,505 (1) Loan discount accretion is included in the “Loans, including fees” section of “Interest Income” in the consolidated statements of operations. (2 ) 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 operations. (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	12 Months Ended
	Dec. 31, 2017
Significant Accounting Policies	Note 3. Significant Accounting Policies Use of estimates The preparation of the consolidated financial statements in conformity with U.S. generally accepted accounting principles (“GAAP”) requires management to make estimates and assumptions. The amounts recorded in the consolidated financial statements may be affected by those estimates and assumptions. Actual results may vary from those estimates. Material estimates that are particularly susceptible to significant change in the near term relate to the determination of the allowance for loan losses, the measurement of fair value of foreclosed real estate, deferred taxes, impairment testing of goodwill, projected pension and post-retirement obligations and fair value measurements. Cash and cash equivalents For purposes of the consolidated statements of cash flows, cash and cash equivalents include cash and balances due from banks, all of which mature within ninety days. Interest-bearing deposits in banks are carried at cost, which mature within one year, and include deposits with the Federal Reserve Bank of Richmond. Securities Investments in debt and equity securities with readily determinable fair values are classified as either held to maturity, available-for-sale, available-for-sale. available-for-sale Impairment of securities occurs when the fair value of a security is less than its amortized cost. For debt securities, impairment is considered other-than-temporary and recognized in its entirety in net income if (i) there is evidence of credit related impairment; (ii) the Company intends to sell the security or (iii) it is more-likely-than-not more-likely-than-not Securities sold under repurchase agreements Securities sold under repurchase agreements, which are classified as secured borrowings, generally mature within one year from the transaction date. Securities sold under repurchase agreements are reflected at the amount of cash received in connection with the transaction. The Company is required to provide collateral based on the value of the underlying cash. Loans The Company grants mortgage loans on real estate, commercial and industrial loans and consumer and other loans to customers. A substantial portion of the loan portfolio is represented by mortgage loans on real estate. The ability of the Company’s debtors to honor their contracts is dependent upon the real estate and general economic conditions in the Company’s market areas. Loans are reported at their recorded investment, which is the outstanding principal balance net of any unearned income, such as deferred fees and costs, charge-offs, discounts on acquired loans, and premiums or discounts on purchased 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. 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 Troubled debt restructuring (“TDR”) In some situations, for economic or legal reasons related to a borrower’s financial condition, management may grant a concession to a borrower that it would not otherwise consider. In cases where borrowers are granted new terms that provide for a reduction of either interest or principal, the related loan is classified as a troubled debt restructuring. Management strives to identify borrowers in financial difficulty early and work with them to modify their loan to more affordable terms before their loan reaches nonaccrual status. These modified terms may include rate reductions, principal forgiveness, payment forbearance and other actions intended to minimize the economic loss and to avoid foreclosure or repossession of the collateral. Management measures all TDRs for impairment as noted below for impaired loans. Allowance for loan losses (“ALL”) The ALL reflects management’s judgment of probable loan losses inherent in the portfolio at the balance sheet date. Management uses a disciplined process and methodology to establish the ALL each quarter. To determine the total ALL, the Company estimates the reserves needed for each homogenous segment 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. Prior to the merger, loans that were assigned risk rating grades included all commercial loans not secured by real estate, commercial mortgages, residential mortgages greater than $1 million, smaller residential mortgages which were impaired, loans to real estate developers and contractors, consumer loans greater than $250 thousand with chronic delinquency, and TDRs. All other loans that were not specifically assigned a risk rating grade were monitored as a discrete pool of loans generally based on delinquency status. Subsequent to the merger and core system conversion, with the exception of purchased consumer loan pools, all loans are risk rated using loan risk grading software that employs a variety of algorithms based on detailed account characteristics, which include a borrower’s payment history on a total relationship basis, as well as loan to value exposure. For non-homogeneous loans, management reviews these resulting grade assignments and makes adjustments to the final grade where appropriate based on an assessment of additional external information that may affect a particular loan. Purchased consumer loan pools are evaluated on a homogenous basis such that any balances past due by 90 days or more are rated substandard. Risk rating categories are as follows: Pass Watch Special Mention Substandard Doubtful Loss The ALL consists of specific, general, and unallocated components. The specific component is determined by identifying impaired loans (as described below) then evaluating each one to calculate the amount of impairment. Impaired loans measured for impairment generally include (1) any loan risk rated Special Mention or worse where the borrower has filed for bankruptcy; (2) all loans risk rated Substandard or worse with balances of $400 thousand or more; and (3) 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 include loans and debt consolidation loans purchased from third parties. Consumer loans have historically included credit cards, which are unsecured. The credit card portfolio was sold to an unaffiliated third party in the third quarter of 2016. The summation of the specific, general and unallocated components results in the total estimated ALL. This estimate is inherently subjective and actual losses could be greater or less than the estimates. Additions to the ALL are made by charges to earnings through the provision for loan losses. Charge-offs result from credit exposures deemed to be uncollectible and the ALL is reduced by these. Recoveries of previously charged off amounts are credited back to the ALL. Charge-off 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 probably at the date of acquisition that the Company will not collect all contractually required principal and interest payments. When determining the 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 loses is recorded for any deterioration in these loans subsequent to the acquisition. Mortgage servicing rights (“MSRs”) MSRs are included on the consolidated balance sheets and recorded at fair value on an ongoing basis. Changes in the fair value of the MSRs are recorded in the results of operations. A fair value analysis of MSRs is performed on a quarterly basis. Premises and equipment, net Land is carried at cost. Premises and equipment are carried at cost less accumulated depreciation. Depreciation is computed by the straight-line method over the estimated useful lives of the premises and equipment. Estimated useful lives range from 10-40 3-10 Other real estate owned, net Real estate properties acquired through, or in lieu of, loan foreclosure are marketed for sale and are initially recorded at the lesser of the fair value on the date of foreclosure less estimated selling costs or carrying value of the loan. After acquisition, management acquires new valuations at least every two years. Revenue and expenses related to the operation or maintenance of foreclosed properties are included in expenses from foreclosed assets and changes in the valuation allowance are included in other real estate gains (losses). Goodwill and Intangible Assets Goodwill is related to unidentifiable intangible assets arising from the merger with Virginia BanCorp on April 1, 2017 and the acquisition of five branches during the years 1994 through 2000. Goodwill is tested annually for impairment. If impairment exists, the amount of impairment would result in a charge to expense. Intangible assets with definite useful lives are amortized over their estimated useful lives, to their estimated residual values. Goodwill is the only intangible asset with an indefinite life included on the Company’s Consolidated Balance Sheets. The core deposit intangible is the only intangible asset with a definite useful life, and is being amortized over 92 months. Long-lived assets, including purchased intangible assets subject to amortization, are reviewed for impairment whenever events or changes in circumstances indicate that the carrying amount of an asset may not be recoverable. Management concluded that no circumstances indicating an impairment of these assets existed as of the balance sheet date. Income taxes Deferred income tax assets and liabilities are determined using the liability (or balance sheet) method. Under this method, the net deferred tax asset or liability is determined based on the tax effects of the temporary differences between the book and tax bases of the various balance sheet assets and liabilities and gives current recognition to changes in tax rates and laws. When tax returns are filed, it is highly certain that some positions taken would be sustained upon examination by the taxing authorities, while others are subject to uncertainty about the merits of the position taken or the amount of the position that would ultimately be sustained. The benefit of a tax position is recognized in the financial statements in the period during which, based on all available evidence, management believes it is more likely than not that the position will be sustained upon examination, including the resolution of appeals or litigation processes, if any. Tax positions taken are not offset or aggregated with other positions. Tax positions that meet the more-likely-than-not The Company evaluates its deferred tax assets quarterly to determine if it is more likely than not those assets will be recovered and if a valuation allowance is needed. At December 31, 2017, the Company determined no valuation allowance related to its deferred tax assets was necessary. Pension benefits The Company has a non-contributory Postretirement benefits The Company provides certain health care benefits for employees who retired prior to March 1, 2018 and met eligibility requirements. Employer 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 Virginia BanCorp merger, 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 18 until those shares are allocated to participants’ accounts. 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. Trust assets and income Customer assets held by the Financial Group, other than cash on deposit at the Bank, are not included in these financial statements, since such items are not assets of the Bank or the Financial Group. Trust fees are recorded on the accrual basis. Earnings per share Basic earnings per share represent income available to common shareholders divided by the weighted-average number of common shares outstanding during the period. Diluted earnings per share reflect additional common shares that would have been outstanding if dilutive potential common shares had been issued. Potential common shares that may be issued by the Company relate solely to outstanding stock options. Shares held by the ESOP which collateralize ESOP borrowings are excluded from both basic and diluted averages shares outstanding. Refer to Note 20. Off-balance-sheet In the ordinary course of business, the Company enters into off-balance-sheet Significant group concentration of credit risk Most of the Company’s business activity is with customers located in the Virginia counties of Lancaster, Northumberland, Richmond, Westmoreland, Middlesex, Chesterfield, Henrico and the City of Richmond, Virginia. The Company makes residential, commercial and consumer loans and a significant amount of the loan portfolio is comprised of real estate mortgage loans, which are secured primarily by single-family residences. The adequacy of collateral on real estate mortgage loans is highly dependent on changes in real estate values. Advertising Advertising costs are expensed as incurred and totaled $664 thousand and $197 thousand for the years ended December 31, 2017 and 2016, respectively. Comprehensive income Comprehensive income consists of net income and other comprehensive income. Other comprehensive income includes unrealized gains or losses on securities available-for-sale Fair value of financial instruments Fair values of financial instruments are estimated using relevant market information and other assumptions, as more fully disclosed in Note 22. Fair value estimates involve uncertainties and matters of significant judgment. Changes in assumptions or in market conditions could significantly affect the estimates. Transfers of financial assets Transfers of financial assets are accounted for as sales when control over the assets has been surrendered. Control over transferred assets is deemed to be surrendered when: (1) the assets have been isolated from the Company – put presumptively beyond reach of the transferor and its creditors, even in bankruptcy or other receivership; (2) the transferee obtains the right (free of conditions that constrain it from taking advantage of that right) to pledge or exchange the transferred assets; and (3) the Company does not maintain effective control over the transferred assets through an agreement to repurchase them before their maturity or the ability to unilaterally cause the holder to return specific assets. Stock-based compensation plans Authoritative accounting guidance requires companies to recognize the cost of employee services received in exchange for awards of equity instruments, such as stock options and restricted stock, based on the fair value of those awards at the date of grant. This cost is recognized over the vesting period of the respective awards. Recent Accounting Pronouncements . In February 2018, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) 2018-02, 2018-02 In March 2017, the FASB issued ASU No. 2017-09, “Compensation – Stock Compensation (Topic 718).” ASU 2017-09 will In March 2017, the FASB issued ASU No. 2017-08, “Receivables—Nonrefundable Fees and Other Costs (Subtopic 310-20), Premium Amortization on Purchased Callable Debt Securities.” ASU 2017-08 will 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.” ASU 2017-07 will ASU 2017-07 in In January 2017, the FASB issued ASU No. 2017-04, Intangibles—Goodwill and Other (Topic 350): Simplifying the Test for Goodwill Impairment. 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 February 2016, the FASB issued ASU 2016-02, 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. In May 2014, the FASB issued ASU 2014-09, Revenue from Contracts with Customers 2014-09 2014-09 2014-09. 2014-09,

Intangible Assets

Intangible Assets	12 Months Ended
	Dec. 31, 2017
Intangible Assets	Note 4. Intangible Assets The Company’s intangible assets consist of core deposits, goodwill, and mortgage servicing rights arising from previous and current acquisitions. The Company has determined that the core deposit intangible has a finite life and amortizes it over its estimated useful life. The core deposit intangible asset is being amortized over the period of expected benefit, which is 92 months, using the sum-of-the-months digits method. On April 1, 2017, the Company completed the acquisition of Virginia BanCorp and acquired core deposit intangible assets of $3.7 million and $7.6 million of goodwill. The Company also has goodwill relating to the purchase of five branches during the years 1994 through 2000. The balance of the goodwill at both December 31, 2017 and 2016, as reflected on the consolidated balance sheets, was $10.4 million and $2.8 million, respectively. Management determined that the branch purchases qualified as acquisitions of businesses and that the related unidentifiable intangibles were goodwill. Intangible assets with indefinite lives are tested annually for impairment. The test performed on goodwill using financial information as of September 30, 2017 found no impairment. Subsequently, the Company updated its consideration of goodwill impairment as of December 31, 2017 and reaffirmed that no impairment existed. Information concerning intangible assets with a finite life is presented in the following table: (Dollars in thousands) Gross Carrying Accumulated Net Carrying December 31, 2017 Value Amortization Value Core deposit intangibles $ 3,670 $ 679 $ 2,991 Other intangibles 999 — 999 $ 4,669 $ 679 $ 3,990 Gross Carrying Accumulated Net Carrying December 31, 2016 Value Amortization Value Other intangibles $ 671 $ — $ 671 Amortization expense of core deposit intangibles for the years ended December 31, 2017, and 2016 totaled $679 thousand and $0, respectively. As of December 31, 2017, the estimated remaining amortization expense of core deposit intangibles is as follows: (Dollars in thousands) 2018 $ 798 2019 674 2020 551 2021 427 2022 304 Thereafter 237 Total estimated amortization expense $ 2,991

Investment Securities

Investment Securities	12 Months Ended
	Dec. 31, 2017
Investment Securities	Note 5. Investment Securities The aggregate amortized cost and fair values of the available-for-sale (Dollars in thousands) Gross Gross Available-for-sale Amortized Unrealized Unrealized Fair December 31, 2017 Cost Gains (Losses) Value Corporate bonds $ 6,696 $ 23 $ (2 ) $ 6,717 U.S. Government agencies and mortgage backed securities 49,964 6 (687 ) 49,283 State and municipal obligations 21,113 195 (155 ) 21,153 $ 77,773 $ 224 $ (844 ) $ 77,153 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 and mortgage backed securities 25,668 53 (408 ) 25,313 State and municipal obligations 18,566 49 (459 ) 18,156 $ 51,929 $ 116 $ (872 ) $ 51,173 The cost of securities sold is based on actual net cost. Gross realized gains and gross realized losses, as well as proceeds on sales and calls of securities, were as follows: For the years ended December 31, (Dollars in thousands) 2017 2016 Gross realized gains $ 7 $ 445 Gross realized losses (5 ) (10 ) Net realized gains $ 2 $ 435 Aggregate proceeds $ 17,937 $ 19,509 The aggregate amortized cost and market values of the investment securities portfolio by contractual maturity at December 31, 2017, are shown below: (Dollars in thousands) Amortized Cost Fair Value Due in one year or less $ 3,583 $ 3,514 Due after one year through five years 37,746 37,425 Due after five through ten years 28,442 28,250 Due after ten years 8,002 7,964 $ 77,773 $ 77,153 Average yields (taxable equivalent) on securities were 3.02% and 3.09% for the years ended December 31, 2017 and 2016, respectively. Securities with a market value of $19.4 million and $19.1 million at December 31, 2017 and 2016, respectively, were pledged as collateral for repurchase agreements and for other purposes as required by law. As of December 31, 2017 and 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 $9.5 million and $18.3 million as of December 31, 2017 and December 31, 2016, respectively, and included in liabilities on the consolidated balance sheets. The securities pledged to each agreement are reviewed daily and can be changed at the option of the Bank with minimal risk of loss due to fair value. Securities in an unrealized loss position at December 31, 2017 and 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, states and municipal securities and certificates of deposit are investment grade or better and their losses are considered temporary. The corporate bonds are subordinated debt notes issued by financial institutions. Management does not intend to sell the securities and does not expect to be required to sell the securities. All amortized cost bases are expected to be recovered. At December 31, 2017, there was one corporate bond in an unrealized loss position. Bonds with unrealized loss positions at December 31, 2016, included 37 federal agencies, one corporate bond and 39 municipals. (Dollars in thousands) Less than 12 months 12 months or more Total Fair Unrealized Fair Unrealized Fair Unrealized December 31, 2017 Value Loss Value Loss Value Loss Corporate bonds $ 498 $ (2 ) $ — $ — $ 498 $ (2 ) U.S. Government agencies 25,053 (353 ) 16,184 (334 ) 41,237 (687 ) States and municipal obligations 2,753 (15 ) 5,787 (140 ) 8,540 (155 ) Total temporarily impaired securities $ 28,304 $ (370 ) $ 21,971 $ (474 ) $ 50,275 $ (844 ) Less than 12 months 12 months or more Total Fair Unrealized Fair Unrealized Fair Unrealized December 31, 2016 Value Loss Value Loss Value Loss Corporate bonds $ 995 $ (5 ) $ — $ — $ 995 $ (5 ) U.S. Government agencies 20,933 (396 ) 1,308 (12 ) 22,241 (408 ) States and municipal obligations 12,888 (459 ) — — 12,888 (459 ) Total temporarily impaired securities $ 34,816 $ (860 ) $ 1,308 $ (12 ) $ 36,124 $ (872 ) The Company’s investment in Federal Home Loan Bank of Atlanta (“FHLB”) stock totaled $3.7 million and $1.9 million at December 31, 2017 and December 31, 2016, respectively, and are included in restricted securities on the consolidated balance sheets. The Company also had an investment in Federal Reserve Bank of Richmond (“FRB”) stock which totaled $1.9 million and $580 thousand at December 31, 2017 and December 31, 2016. The investments in both FHLB and FRB stock are required investments related to the Bank’s membership with the FHLB and FRB. These securities do not have a readily determinable fair value as their ownership is restricted, and they lack an active market for trading. Additionally, per charter provisions related to the FHLB and FRB stock, all repurchase transactions of such stock must occur at par. Accordingly, these securities are carried at cost, and are periodically evaluated for impairment. The Company’s determination as to whether its investment in FHLB and FRB stock is impaired is based on management’s assessment of the ultimate recoverability of its par value rather than recognizing temporary declines in its value. The determination of whether the decline affects the ultimate recoverability of the investments is influenced by available information regarding various factors. These factors include, among others, the significance of the decline in net assets of the issuing banks as compared to the capital stock amount reported by these banks, and the length of time a decline has persisted; commitments by such banks to make payments required by law or regulation and the level of such payments in relation to the operating performance of the issuing bank; and the overall liquidity position of the issuing bank. Based on its most recent analysis of publicly available information regarding the financial condition of the issuing banks, management concluded that no impairment existed in the carrying value of FHLB and FRB stock.

Loans

Loans	12 Months Ended
	Dec. 31, 2017
Loans	Note 6. Loans The following is a summary of the balances of loans: (Dollars in thousands) December 31, 2017 December 31, 2016 Mortgage loans on real estate: Construction, Land and Land Development $ 66,042 $ 39,818 Farmland 923 1,023 Commercial Mortgages (Non-Owner 146,757 35,343 Commercial Mortgages (Owner Occupied) 80,052 41,825 Residential First Mortgages 269,365 194,007 Residential Revolving and Junior Mortgages 46,498 26,425 Commercial and Industrial loans 114,093 43,024 Consumer Loans 42,566 3,544 Total loans 766,296 385,009 Net unamortized deferred loan costs 200 391 Allowance for loan losses (7,770 ) (3,863 ) Loans, net $ 758,726 $ 381,537 The recorded investment in past due and non-accruing 90 Days or 30-89 More Past Total Past (Dollars in thousands) Days Due and Due and Total December 31, 2017 Past Due Still Accruing Nonaccruals Nonaccruals Current Loans Mortgage Loans on Real Estate: Construction, Land and Land Development $ 261 $ — $ 1,237 $ 1,498 $ 64,544 $ 66,042 Farmland — 48 — 48 875 923 Commercial Mortgages (Non-Owner 449 — — 449 146,308 146,757 Commercial Mortgages (Owner Occupied) 412 — 1,752 2,164 77,888 80,052 Residential First Mortgages 2,321 — 1,942 4,263 265,102 269,365 Residential Revolving and Junior Mortgages 449 — 1,338 1,787 44,711 46,498 Commercial and Industrial 331 — 92 423 113,670 114,093 Consumer Loans 288 — 135 423 42,143 42,566 Total $ 4,511 $ 48 $ 6,496 $ 11,055 $ 755,241 $ 766,296 90 Days or 30-89 More Past Total Past Days Due and Due and Total December 31, 2016 Past Due Still Accruing Nonaccruals Nonaccruals Current Loans Mortgage Loans on Real Estate: Construction, Land and Land Development $ — $ — $ 623 $ 623 $ 39,195 $ 39,818 Farmland 57 — — 57 966 1,023 Commercial Mortgages (Non-Owner — — — — 35,343 35,343 Commercial Mortgages (Owner Occupied) 188 — 2,270 2,458 39,367 41,825 Residential First Mortgages 1,546 — 2,155 3,701 190,306 194,007 Residential Revolving and Junior Mortgages 480 — 160 640 25,785 26,425 Commercial and Industrial 408 — 92 500 42,524 43,024 Consumer Loans — — — — 3,544 3,544 Total $ 2,679 $ — $ 5,300 $ 7,979 $ 377,030 $ 385,009 The following table includes an aging analysis, based upon contractual terms, of the recorded investment of PCI loans as of December 31, 2017, included in the table above. 90 Days or 30-89 More Past Total Past (Dollars in thousands) Days Due and Due and Total December 31, 2017 Past Due Still Accruing Nonaccruals Nonaccruals Current Loans Mortgage Loans on Real Estate: Construction, Land and Land Development $ — $ — $ — $ — $ 1,405 $ 1,405 Commercial Mortgages (Non-Owner — — — — 171 171 Commercial Mortgages (Owner Occupied) 161 — — 161 160 321 Residential First Mortgages 349 141 — 490 3,320 3,810 Residential Revolving and Junior Mortgages — 20 — 20 29 49 Consumer loans — 4 — 4 65 69 Total $ 510 $ 165 $ 0 $ 675 $ 5,150 $ 5,825

Allowance for Loan Losses

Allowance for Loan Losses	12 Months Ended
	Dec. 31, 2017
Allowance for Loan Losses	Note 7. Allowance for Loan Losses A disaggregation of and an analysis of the change in the allowance for loan losses by segment is shown below. Mortgage Commercial Consumer Loans on and and other (Dollars in thousands) Real Estate Industrial Loans Total For the Twelve Months Ended December 31, 2017 Beginning Balance $ 3,318 $ 493 $ 52 $ 3,863 (Charge-offs) (577 ) (729 ) (171 ) (1,477 ) Recoveries 91 263 96 450 Provision (recovery) 1,032 851 3,051 4,934 Ending Balance $ 3,864 $ 878 $ 3,028 $ 7,770 Individually evaluated for impairment $ 861 $ 92 $ 141 $ 1,094 Collectively evaluated for impairment 3,003 786 2,887 6,676 Mortgage Commercial Consumer Loans on and and Other (Dollars in thousands) Real Estate Industrial Loans Total For the Twelve Months Ended December 31, 2016 Beginning Balance $ 3,502 $ 599 $ 122 $ 4,223 Reclassification of allowance related to sold loans — — (27 ) (27 ) (Charge-offs) (735 ) (158 ) (53 ) (946 ) Recoveries 254 61 11 326 Provision (recovery) 297 (9 ) (1 ) 287 Ending Balance $ 3,318 $ 493 $ 52 $ 3,863 Individually evaluated for impairment $ 803 $ 92 $ — $ 895 Collectively evaluated for impairment 2,515 401 52 2,968 As a result of the fair value adjustment made to a pool of consumer loans acquired in the merger with Virginia BanCorp, $696 thousand of charge-offs previously reported in the Consumer and Other Loans segment were reclassified against consumer loans. Refer to Note 2, Business Combination. Loan receivables evaluated for impairment individually and collectively by segment as of December 31, 2017 and 2016 are as follows: Mortgage Commercial Consumer Loans on and and Other (Dollars in thousands) Real Estate Industrial Loans Total As of December 31, 2017 Individually evaluated for impairment $ 8,874 $ 92 $ 141 $ 9,107 Collectively evaluated for impairment 595,007 114,001 42,356 751,364 Loans acquired with deteriorated credit quality 5,756 — 69 5,825 Total Gross Loans $ 609,637 $ 114,093 $ 42,566 $ 766,296 As of December 31, 2016 Individually evaluated for impairment $ 10,323 $ 92 $ — $ 10,415 Collectively evaluated for impairment 328,118 42,932 3,544 374,594 Total Gross Loans $ 338,441 $ 43,024 $ 3,544 $ 385,009 The following table presents the changes in the accretable yield for PCI loans (refer to Note 3) since acquisition on April 1, 2017 through December 31, 2017 (in thousands): December 31, Balance at acquisition, April 1, 2017 $ 1,354 Accretion (267 ) Reclassifications from nonaccretable balance, net — Other changes, net — Balance as of December 31, 2017 $ 1,087 As of December 31, 2017 there was no allowance on PCI loans. Internal risk rating grades are shown in the following table. Construction, Residential Commercial Commercial Land and Residential Revolving and Mortgages Mortgages Commercial (Dollars in thousands) Land First Junior (Non-Owner (Owner and Consumer As of December 31, 2017 Development Farmland Mortgages Mortgages Occupied) Occupied) Industrial Loans Total Grade: Pass $ 55,949 $ 923 $ 256,614 $ 43,659 $ 140,625 $ 67,732 $ 110,281 $ 12,431 $ 688,214 Watch 6,690 — 8,624 1,376 5,931 10,076 2,373 29,917 64,987 Special mention 172 — 205 — — — 1,347 — 1,724 Substandard 3,231 — 3,922 1,463 201 2,244 92 218 11,371 Doubtful — — — — — — — — — Total $ 66,042 $ 923 $ 269,365 $ 46,498 $ 146,757 $ 80,052 $ 114,093 $ 42,566 $ 766,296 Construction, Commercial Commercial Land and Mortgages Mortgages Commercial Land (Non-Owner (Owner and As of December 31, 2016 Development Farmland Occupied) Occupied) Industrial Total Grade: Pass $ 32,009 $ 1,023 $ 30,639 $ 31,191 $ 40,841 $ 135,703 Watch 5,795 — 4,184 6,652 1,891 18,522 Special mention 180 — 272 1,453 125 2,030 Substandard 1,834 — 248 2,529 167 4,778 Doubtful — — — — — — Total $ 39,818 $ 1,023 $ 35,343 $ 41,825 $ 43,024 $ 161,033 As of December 31, 2016, internal risk rating grades were 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 (for December 31, 2016). 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. After completing the system conversion, the bank has adopted a new risk grading system over its entire loan portfolio. As of December 31, 2017, except for pooled consumer loans, the existing loan portfolio is 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 Prior to merger, the bank did not assign internal risk grades to smaller mortgage and smaller consumer loans. These loans were considered to be nonperforming when they are delinquent by 90 days or more or non-accruing Residential Residential Revolving As of December 31, 2016 First and Junior Consumer PAYMENT ACTIVITY STATUS Mortgages (1) Mortgages (2) Loans (3) Total Performing $ 191,852 $ 26,265 $ 3,544 $ 221,661 Nonperforming 2,155 160 — 2,315 Total $ 194,007 $ 26,425 $ 3,544 $ 223,976 Notes: (1) Residential First Mortgages which have been assigned a risk rating grade of Substandard totaled $3.3 million as of December 31, 2016. (2) Residential Revolving and Junior Mortgages which have been assigned a risk rating grade of Substandard totaled $1.1 million as of December 31, 2016. (3) No Consumer Loans had been assigned a risk rating grade of Substandard as of December 31, 2016. The following tables show the Company’s recorded investment and the customers’ unpaid principal balances for impaired (Dollars in thousands) As of December 31, 2017 As of December 31, 2016 IMPAIRED LOANS Recorded Customers’ Unpaid Related Recorded Customers’ Unpaid Related Investment Principal Balance Allowance Investment Principal Balance Allowance With no related allowance: Construction, Land and Land Development $ 900 $ 1,378 $ — $ 1,531 $ 1,539 $ — Residential First Mortgages 1,488 1,488 — 2,112 2,176 — Residential Revolving and Junior Mortgages (1) 414 414 — 995 999 — Commercial Mortgages (Non-owner — — — 248 248 — Commercial Mortgages (Owner occupied) 1,721 1,971 — 1,860 2,178 — Commercial and Industrial — — — — — — Consumer—Other — — — — — — 4,523 5,251 — 6,746 7,140 — With an allowance recorded: Construction, Land and Land Development 550 621 137 243 286 145 Residential First Mortgages 1,914 1,914 367 1,951 1,951 367 Residential Revolving and Junior Mortgages (1) 1,340 1,340 162 544 546 199 Commercial Mortgages (Non-owner — — — — — — Commercial Mortgages (Owner occupied) 547 586 195 839 854 92 Commercial and Industrial 92 92 92 92 101 92 Consumer—Other 141 141 141 — — — 4,584 4,694 1,094 3,669 3,738 895 Total Impaired Loans: Construction, Land and Land Development 1,450 1,999 137 1,774 1,825 145 Residential First Mortgages 3,402 3,402 367 4,063 4,127 367 Residential Revolving and Junior Mortgages (1) 1,754 1,754 162 1,539 1,545 199 Commercial Mortgages (Non-owner — — — 248 248 — Commercial Mortgages (Owner occupied) 2,268 2,557 195 2,699 3,032 92 Commercial and Industrial 92 92 92 92 101 92 Consumer—Other 141 141 141 — — — $ 9,107 $ 9,945 $ 1,094 $ 10,415 $ 10,878 $ 895 Notes: (1) Junior mortgages include equity lines. For the Year Ended For the Year Ended December 31, 2017 December 31, 2016 Average Interest Average Interest Recorded Income Recorded Income (Dollars in thousands) Investment Recognized Investment Recognized With no related allowance: Construction, Land and Land Development $ 1,282 $ 66 $ 1,316 $ 55 Residential First Mortgages 1,449 21 1,956 14 Residential Revolving and Junior Mortgages (1) 417 5 808 38 Commercial Mortgages (Non-owner — — 251 15 Commercial Mortgages (Owner occupied) 1,800 32 1,858 27 Commercial and Industrial — — — — Consumer—Other — — — — 4,948 124 6,189 149 With an allowance recorded: Construction, Land and Land Development 572 4 253 5 Residential First Mortgages 1,932 93 1,956 90 Residential Revolving and Junior Mortgages (1) 1,360 44 218 9 Commercial Mortgages (Non-owner — — — — Commercial Mortgages (Owner occupied) 572 12 819 22 Commercial and Industrial 92 — 103 1 Consumer—Other 28 6 — — 4,556 159 3,349 127 Total Construction, Land and Land Development 1,854 70 1,569 60 Residential First Mortgages 3,381 114 3,912 104 Residential Revolving and Junior Mortgages (1) 1,777 49 1,026 47 Commercial Mortgages (Non-owner — — 251 15 Commercial Mortgages (Owner occupied) 2,372 44 2,677 49 Commercial and Industrial 92 — 103 1 Consumer—Other 28 6 — — $ 9,504 $ 283 $ 9,538 $ 276 Prior to the Bank’s core system conversion, which was completed during the fourth quarter of 2017, smaller non-accruing loans, and non-accruing loans that were not graded because they were included in homogenous pools, generally did not meet the criteria for impairment testing, and were therefore excluded from impaired loan disclosures. At December 31, 2016, non-accruing non-accruing Loans modified as TDRs are considered impaired and are individually evaluated for the amount of impairment in the ALL. The following table presents, by segments of loans, information related to loans modified as TDRs during the years ended December 31, 2017 and 2016. For the Year Ended For the Year Ended December 31, 2017 December 31, 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 mortages (1) 1 $ 820 $ 820 1 $ 244 $ 244 Consumer loan (1) 1 147 147 — — — Notes: (1) Modifications were an extention of the loan terms. For the Year Ended For the Year Ended December 31, 2017 December 31, 2016 TROUBLED DEBT RESTRUCTURINGS THAT SUBSEQUENTLY DEFAULTED Number of Recorded Number of Recorded Commerical mortgages (Owner occupied) 0 0 0 0 There were 18 TDRs with an aggregate balance of $4.1 million and 16 TDRs with an aggregate balance of $3.2 million outstanding as of December 31, 2017 and December 31, 2016, respectively. Of the total TDR’s, 11 TDRs with an aggregate balance of $2.6 million were non performing as of December 31, 2017 and 9 TDRs with an aggregate balance of $1.1 million were nonperforming as of December 31, 2016.

Other Real Estate Owned, Net

Other Real Estate Owned, Net	12 Months Ended
	Dec. 31, 2017
Other Real Estate Owned, Net	Note 8. Other Real Estate Owned, Net Other real estate owned (“OREO”) is presented net of a valuation allowance for losses. An analysis of the valuation allowance on OREO is shown below. Years ended December 31, (Dollars in thousands) 2017 2016 Balance, beginning of year $ 473 $ 621 Provision for losses 245 53 Charge-offs (190 ) (201 ) Balance, end of period $ 528 $ 473 Expenses applicable to OREO include the following: Years ended December 31, (Dollars in thousands) 2017 2016 Net (gain) loss on sales of real estate $ (23 ) $ 74 Provision for losses 245 53 Operating expenses, net of income 138 93 Total expenses $ 360 $ 220 The following table details the properties included in OREO as of December 31, 2017 and December 31, 2016. There were no collateralized consumer residential mortgage loans in the process of foreclosure as of December 31, 2017. As of December 31, 2017 As of December 31, 2016 No. of Carrying No. of Carrying (Dollars in thousands) Properties Value Properties Value Residential 5 $ 443 2 $ 891 Land lots 20 3,223 7 547 Convenience store 1 55 1 59 Restaurant 1 36 1 55 Commerical properties 2 527 3 942 Total 29 $ 4,284 14 $ 2,494 Included in other assets as of December 31, 2017 and 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.

Premises and Equipment, net

Premises and Equipment, net	12 Months Ended
	Dec. 31, 2017
Premises and Equipment, net	Note 9. Premises and Equipment, net Components of premises and equipment included in the balance sheets at December 31, 2017 and 2016 were as follows: 2017 2016 (Dollars in thousands) Land and improvements $ 4,762 $ 2,350 Buildings and improvements 16,634 12,221 Furniture and equipment 9,126 10,323 Total cost 30,522 24,894 Less accumulated depreciation (12,656 ) (14,050 ) Premises and equipment, net $ 17,866 $ 10,844 Depreciation expense for the years ended December 31, 2017 and 2016 totaled $1.4 million and $1.1 million, respectively.

Deposits

Deposits	12 Months Ended
	Dec. 31, 2017
Deposits	Note 10. Deposits The aggregate amount of time deposits in denominations of $250,000 or more at December 31, 2017 and 2016 was $58.7 million and $19.2 million, respectively. At December 31, 2017, the scheduled maturities of time deposits are as follows (in thousands): 2018 $ 235,751 2019 30,986 2020 54,022 2021 25,991 2022 12,239 Thereafter — $ 358,989 At December 31, 2017 and 2016, overdraft demand deposits reclassified to loans totaled $80 thousand and $51 thousand, respectively. At December 31, 2017 and 2016, the Company had wholesale deposits of $1.0 million and $8.5 million, respectively.

Employee Benefit Plans

Employee Benefit Plans	12 Months Ended
	Dec. 31, 2017
Employee Benefit Plans	Note 11. Employee Benefit Plans The Company has a non-contributory, The Company sponsors a postretirement benefit plan covering current and future retirees who acquire age 55 and 10 years of service or age 65 and 5 years of service. The postretirement benefit plan provides coverage toward a retiree’s eligible medical and life insurance benefits expenses. The following tables provide the reconciliation of changes in the benefit obligations and fair value of assets and a statement of funded status for the pension plan and postretirement plan of the Company. Pension Benefits Postretirement Benefits (Dollars in thousands) 2017 2016 2017 2016 Change in benefit obligation Benefit obligation, beginning of year $ 3,398 $ 3,488 $ 540 $ 668 Service cost — — 22 22 Interest cost 121 134 21 28 Actuarial loss (gain) 323 17 (120 ) (170 ) Benefit payments (581 ) (279 ) (6 ) (8 ) Settlement loss 12 38 — — Benefit obligation, end of year 3,273 3,398 457 540 Change in plan assets Fair value of plan assets, beginning of year 2,690 2,806 — — Actual return on plan assets 356 163 — — Employer contributions — — 6 8 Benefits payments (581 ) (279 ) (6 ) (8 ) Fair value of plan assets, end of year 2,465 2,690 — — Funded status at the end of the year $ (808 ) $ (708 ) $ (457 ) $ (540 ) Amounts recognized in accumulated other comprehensive loss (income) Net loss (gain) $ 1,187 $ 1,316 $ (344 ) $ (234 ) Prior service cost — — — — Net obligation at transition — — — — Amount recognized $ 1,187 $ 1,316 $ (344 ) $ (234 ) Components of net periodic benefit cost (gain) Service cost $ — $ — $ 22 $ 22 Interest cost 121 134 21 28 Expected (return) on plan assets (167 ) (189 ) — — Amortization of prior service cost — — — — Amortization of net obligation at transition — — (11 ) — Recognized net loss due to settlement 195 90 — — Recognized net actuarial loss 81 77 — — Net periodic benefit (gain) cost 230 112 32 50 Other changes in plan assets and benefit obligations recognized in accumulated other comprehensive (income) loss Net (gain) loss (130 ) (86 ) (109 ) (170 ) Amortization of prior service cost — — — — Amortization of net obligation at transition — — — — Total recognized in other comprehensive loss/(income) (130 ) (86 ) (109 ) (170 ) Total recognized in net periodic benefit cost and other comprehensive loss/(income) $ 100 $ 26 $ (77 ) $ (120 ) Weighted-average assumptions as of December 31: 2017 2016 2017 2016 Discount rate used for Net Periodic Pension Cost 4.00 % 4.25 % 4.00 % 4.25 % Discount Rate used for Disclosure 3.50 % 4.00 % 3.50 % 4.00 % Expected return on plan assets 7.25 % 7.50 % N/A N/A Rate of compensation increase N/A N/A N/A N/A Rate of compensation increase for net periodic pension cost N/A N/A N/A N/A Expected future interest crediting rate 3.00 % 3.00 % N/A N/A Estimated future benefit payments for the pension and postretirement plans are as follows (in thousands): Pension Postretirement 2018 $ 316 $ 6 2019 321 7 2020 265 7 2021 206 7 2022 195 6 2023 - 2027 1,417 28 Pension Plan . The pension plan sponsor selects the assumption for the expected long-term rate of return on assets in consultation with their investment advisors and actuary. This rate is intended to reflect the average rate of earnings expected to be earned on the funds invested or to be invested to provide plan benefits. Historical performance is reviewed, especially with respect to real rates of return (net of inflation), for the major asset classes held or anticipated to be held by the trust, and for the trust itself. Undue weight is not given to recent experience that may not continue over the measurement period, with higher significance placed on current forecasts of future long-term economic conditions. Because assets are held in a qualified trust, anticipated returns are not reduced for taxes. Further, solely for this purpose, the plan is assumed to continue in force and not terminate during the period during which assets are invested. However, consideration is given to the potential impact of current and future investment policy, cash flow into and out of the trust, and expenses (both investment and non-investment) The trust fund is sufficiently diversified to maintain a reasonable level of risk without imprudently sacrificing return, with a targeted asset allocation of 40% fixed income and 60% equities. The investment manager of the fund selects investment fund managers with demonstrated experience and expertise, and funds with demonstrated historical performance, for the implementation of the plan’s investment strategy. The investment manager will consider both actively and passively managed investment strategies and will allocate funds across the asset classes to develop an efficient investment structure. It is the responsibility of the trustee to administer the investments of the trust within reasonable costs, being careful to avoid sacrificing quality. These costs include, but are not limited to, management and custodial fees, consulting fees, transaction costs and other administrative costs chargeable to the trust. The Company expects to make no contributions to its pension plan for the 2018 plan year. Postretirement benefits plan. 401(k) retirement plan. During 2017, substantially all employees were eligible to participate in one of the Company’s 401(k) retirement plan beginning the first of the month following their hire date. New employees and employees of the surviving company were eligible to participate in the Surviving Plan. New employees were eligible for participation the month following their hire date, and the Company matched 100% of the first 3% and 50% of the next 3% of all participants’ contributions. Additional contributions can be made at the discretion of the Company’s Board of Directors. Contributions to the Surviving Plan amounted to $277 thousand and $193 thousand for the years ended December 31, 2017 and 2016, respectively. Employees of former Virginia Commonwealth Bank were eligible to participate in the Acquired Plan during 2017. At the discretion of the Board of Directors on an annual basis, the Company matched 100% of participant contributions to the Acquired Plan up to 4% of earned compensation, and this match was deposited into each participant’s account. Such matching contributions by the Company were subject to a vesting schedule whereby participants must have been credited with at least 1,000 hours of service for the plan year. See Note 18 for details on Company contributions to the ESOP.

Financial Instruments with Off-

Financial Instruments with Off-Balance Sheet Risk	12 Months Ended
	Dec. 31, 2017
Financial Instruments with Off-Balance Sheet Risk	Note 12. Financial Instruments with Off-Balance In the normal course of business, the Company offers various financial products to its customers to meet their credit and liquidity needs. These instruments involve elements of credit and interest rate risk in excess of the amount recognized in the consolidated balance sheets. The Company’s exposure to credit loss in the event of nonperformance by the other party to the financial instruments for commitments to extend credit and standby letters of credit written is represented by the contractual amount of these instruments. The Company uses the same credit policies in making commitments and conditional obligations as it does for on-balance Subject to its normal credit standards and risk monitoring procedures, the Company makes contractual commitments to extend credit. Commitments generally have fixed expiration dates or other termination clauses and may require payment of a fee. Since many of the commitments may expire without being completely drawn upon, the total commitment amounts do not necessarily represent future cash requirements. At December 31, 2017 and 2016, the Company had outstanding loan commitments approximating $144.2 million and $38.2 million, respectively. Conditional commitments are issued by the Company in the form of performance stand-by stand-by

Restrictions on Cash and Due fr

Restrictions on Cash and Due from Banks	12 Months Ended
	Dec. 31, 2017
Restrictions on Cash and Due from Banks	Note 13. Restrictions on Cash and Due from Banks The Board of Governors of the Federal Reserve System (the “Federal Reserve”) requires banks to maintain cash reserves against certain categories of deposit liabilities. The aggregate amount of daily average required reserves for the final weekly reporting period of 2017 was $13.5 million and $25 thousand for the similar final period of 2016.

Other Borrowings

Other Borrowings	12 Months Ended
	Dec. 31, 2017
Other Borrowings	Note 14. Other Borrowings Securities sold under repurchase agreements were $9.5 million and $18.3 million as of December 31, 2017 and December 31, 2016, respectively, and included in liabilities on the consolidated balance sheets. Securities sold under agreements to repurchase are secured transactions with customers, generally mature the day following the day sold and can be changed at the option of the Bank with minimal risk of loss due to fair value. During 2017 and 2016, the average rates of the repurchase agreements were 0.17% and 0.16%, respectively. Unused lines of credit with nonaffiliated banks, excluding FHLB, totaled $24.5 million and $21.5 million at December 31, 2017 and 2016, respectively. Draws upon these lines have time limits varying from two to four consecutive weeks. The banks providing these lines can change the interest rates on these lines daily. The lines renew annually and are tested periodically each year. The table below presents selected information on short-term borrowings: As of December 31, 2017 2016 (Dollars in Thousands) Balance outstanding at period-end $ 9,498 $ 18,310 Maximum balance at any month end during the year $ 17,091 $ 18,310 Average balance for the period $ 11,001 $ 9,299 Weighted average rate for the period 0.17 % 0.16 % Weighted average rate on borrowings at period end 0.21 % 0.13 % Estimated fair value at year end $ 9,498 $ 18,310

Debt

Debt	12 Months Ended
	Dec. 31, 2017
Debt	Note 15. Debt As of December 31, 2017 and December 31, 2016, the Bank had $70.0 million and $35.0 million of outstanding FHLB debt, respectively, consisting of two and five advances, respectively. Three advances for $5.0 million each that matured in January 2017, June 2017, and September 2017 were repaid as well as one advance for $10.0 million that matured in February 2017 were combined together and rolled over into a $60.0 million fixed rate advance (shown below). The $60.0 million advance that matured in January 2018 was replaced with a $60.0 million fixed rate advance with an interest rate of 1.42% maturing in February of 2018. Subsequently, the $60.0 million advance that matured on February 2, 2018, was replaced with a $60.0 million fixed rate advance with an interest rate of 1.44% maturing on March 5, 2018. On March 5, 2018, the $60.0 million advance matured and was substantially replaced with a $50 million fixed rate advance with an interest rate of 1.63% maturing on April 2, 2018. The two advances are shown in the following table. Description Balance Originated Interest Rate Date Adjustable Rate Hybrid $ 10,000,000 4/12/2013 3.25750 % 4/13/2020 Fixed Rate Credit 60,000,000 12/1/2017 1.34000 % 1/2/2018 $ 70,000,000 1.68000 % Advances on the FHLB lines are secured by a blanket lien on qualified 1 to 4 family residential real estate loans. Immediate available credit, as of December 31, 2017, was $162.8 million against a total line of credit of $238.8 million. As of December 31, 2017 and December 31, 2016, the Company had $70.0 million and $35.0 million, respectively, in FHLB debt outstanding with a weighted average interest rate of 1.68% and 1.49%, respectively. Subordinated Debt On May 28, 2015, the Company entered into a Purchase Agreement with 29 accredited investors under which the Company issued an aggregate of $7.0 million of subordinated notes (the “Notes”) to the accredited investors. The Notes have a maturity date of May 28, 2025. The Notes bear interest, payable on the 1st of March and September of each year, commencing September 1, 2015, at a fixed interest rate of 6.50% per year. The Notes are not convertible into common stock or preferred stock, and are not callable by the holders. The Company has the right to redeem the Notes, in whole or in part, without premium or penalty, at any interest payment date on or after May 28, 2020 and prior to the maturity date, but in all cases in a principal amount with integral multiples of $1,000, plus interest accrued and unpaid through the date of redemption. If an event of default occurs, such as the bankruptcy of the Company, the holder of a Note may declare the principal amount of the Note to be due and immediately payable. The Notes are unsecured, subordinated obligations of the Company and will rank junior in right of payment to the Company’s existing and future senior indebtedness. The Notes qualify as Tier 2 capital for regulatory reporting. (Dollars in thousands) Balance as of Balance as of 6.5% Subordinated Debt $ 7,000 $ 7,000 Less: Issuance costs (123 ) (140 ) $ 6,877 $ 6,860

Income Taxes

Income Taxes	12 Months Ended
	Dec. 31, 2017
Income Taxes	Note 16. Income Taxes The Company files income tax returns in the U.S. federal jurisdiction and the Commonwealth of Virginia. The Commonwealth of Virginia does not charge an income tax for regulated banking institutions. The Tax Reform Act enacted in December 2017 reduced the federal corporate marginal income tax rate from 34% to 21% effective January 1, 2018. As a result of the Tax Reform Act, the Company recognized a provisional $1.3 million reduction in the value of net deferred tax assets, which was recorded as additional income tax expense in the fourth quarter of 2017 and which increased significantly the effective tax rate for the year ended December 31, 2017. This amount will be final with preparation of the 2017 tax return. The expense (benefit) for income taxes consisted of the following (in thousands): Year ended December 31, 2017 2016 Current $ 362 $ 1,054 Deferred 435 (88 ) $ 797 $ 966 The reasons for the differences between the statutory Federal income tax rates and the effective tax rates are summarized as follows: 2017 2016 Statutory rate 34.0 % 34.0 % Increase (decrease) resulting from: Tax exempt interest 51.1 % -6.1 % Bank owned life insurance 33.9 % -2.7 % Merger costs -15.0 % 2.5 % The Tax Act -283.1 % 0.0 % Other, net 11.4 % -0.1 % -167.8 % 27.6 % Temporary timing differences between the amounts reported in the financial statements and the tax bases of assets and liabilities result in deferred taxes. Management believes it is more likely than not that all of the deferred tax assets will be realized. The components of the net deferred tax assets and liabilities included in other assets, using federal corporate tax rates of 21% as of December 31, 2017 and 34% as of December 31, 2016, are as follows (in thousands): December 31, 2017 2016 Deferred tax assets Allowance for loan losses $ 1,632 $ 908 Interest on non-accrual 58 130 Other real estate 433 446 Pension plan 170 242 Postretirement benefits 96 184 Unrealized losses (gains) on available-for-sale 130 268 Deferred compensation 189 191 Stock-based compensation 26 30 Alternative Minimum Tax Credit 134 — Net discount on loan portfolios acquired in merger with Virginia Bancorp 1,576 — Premium on time deposits acquired in merger with Virginia Bancorp 89 — Other 212 27 Total deferred tax assets 4,745 2,426 Deferred tax liabilities Depreciation (69 ) (126 ) Amortization of goodwill (1,218 ) (955 ) Net deferred loan fees and costs 65 (133 ) Premium on fixed assets acquired in merger with Virginia Bancorp (561 ) — Recapture of bad debts experience reserve (229 ) — Other (391 ) (58 ) Total deferred tax liabilities (2,403 ) (1,272 ) Net deferred tax assets $ 2,342 $ 1,154 The Company had investments in three separate housing equity funds at December 31, 2017. The general purpose of these funds is to encourage and assist participants in investing in low-income low-income

Regulatory Requirements and Res

Regulatory Requirements and Restrictions	12 Months Ended
	Dec. 31, 2017
Regulatory Requirements and Restrictions	Note 17. Regulatory Requirements and Restrictions The Company (on a consolidated basis) and Bank are subject to various regulatory capital requirements administered by the Commonwealth of Virginia and Federal banking agencies. Failure to meet minimum capital requirements can initiate certain mandatory and possibly additional discretionary, actions by regulators that, if undertaken, could have a direct material effect on the Company and Bank’s financial statements. Under capital adequacy guidelines and the regulatory framework for prompt corrective action, the Company and the Bank must meet specific capital guidelines that involve quantitative measures of their assets, liabilities, and certain off-balance-sheet Quantitative measures established by regulation to ensure capital adequacy required the Company and the Bank during 2017 to maintain minimum amounts and ratios (set forth in the table below) of total common equity Tier 1 and Tier 1 capital (as defined in the regulations) to risk-weighted assets (as defined), and of Tier 1 capital (as defined) to average assets (as defined). Management believes that as of December 31, 2017 and 2016, the Company and the Bank met all capital adequacy requirements to which they were subject. As of December 31, 2017, the most recent notification from the Federal Reserve categorized the Bank as well capitalized under the framework for prompt corrective action. To be categorized as well capitalized on such date, an institution must maintain minimum total risk-based, common equity Tier 1 risk-based, Tier 1 risk-based, and Tier 1 leverage ratios as set forth in the table. There are no conditions or events since that notification that management believes have changed the Bank’s category. In July 2013, the Federal Reserve issued final rules that made technical changes to its capital rules to align them with the Basel III regulatory capital framework and meet certain requirements of the Dodd-Frank Act. Effective January 1, 2015, the final rules require the Bank to comply with the following minimum capital ratios: (i) a new Common Equity Tier 1 capital ratio of 4.5% of risk-weighted assets; (ii) a Tier 1 capital ratio of 6.0% of risk-weighted assets (increased from the prior requirement of 4.0%); (iii) a total capital ratio of 8.0% of risk-weighted assets (unchanged from the prior requirement); and (iv) a leverage ratio of 4.0% of total assets (unchanged from the prior requirement). The following additional capital requirements related to the capital conservation buffer will be phased in over a four year period which began on January 1, 2016. When fully phased in on January 1, 2019, the rules will require the Bank to maintain (i) a minimum ratio of Common Equity Tier 1 to risk-weighted assets of at least 4.5%, plus a 2.5% “capital conservation buffer” (which is added to the 4.5% Common Equity Tier 1 ratio as that buffer is phased in, effectively resulting in a minimum ratio of Common Equity Tier 1 to risk-weighted assets of at least 7.0% upon full implementation), (ii) a minimum ratio of Tier 1 capital to risk-weighted assets of at least 6.0%, plus the 2.5% capital conservation buffer (which is added to the 6.0% Tier 1 capital ratio as that buffer is phased in, effectively resulting in a minimum Tier 1 capital ratio of 8.5% upon full implementation), (iii) a minimum ratio of total capital to risk-weighted assets of at least 8.0%, plus the 2.5% capital conservation buffer (which is added to the 8.0% total capital ratio as that buffer is phased in, effectively resulting in a minimum total capital ratio of 10.5% upon full implementation), and (iv) a minimum leverage ratio of 4.0%, calculated as the ratio of Tier 1 capital to average assets. The capital conservation buffer requirement will be phased in as of January 1, 2016, at 0.625% of risk-weighted assets, increasing by the same amount each year until fully implemented at 2.5% on January 1, 2019. The capital conservation buffer is designed to absorb losses during periods of economic stress. Banking institutions with a ratio of Common Equity Tier 1 to risk-weighted assets above the minimum but below the conservation buffer will face constraints on dividends, equity repurchases and compensation based on the amount of the shortfall. The Company’s and the Bank’s actual capital amounts and ratios as of December 31, 2017 and December 31, 2016, are presented in the following tables: Actual Minimum Minimum (Dollars in Thousands) Amount Ratio Amount Ratio Amount Ratio As of December 31, 2017: Total Risk Based Capital (to Risk Weighted Assets) Consolidated $ 120,091 16.24 % $ 59,150 8.00 % N/A N/A Virginia Commonwealth Bank 93,540 12.70 % 58,914 8.00 % $ 73,642 10.0 % Tier 1 Capital (to Risk Weighted Assets) Consolidated 105,444 14.26 % 44,363 6.00 % N/A N/A Virginia Commonwealth Bank 85,770 11.65 % 44,185 6.00 % $ 58,914 8.0 % Common Equity Tier 1 Capital (to Risk Weighted Assets) Consolidated 105,444 14.26 % 33,272 4.50 % N/A N/A Virginia Commonwealth Bank 85,770 11.65 % 33,139 4.50 % $ 47,868 6.5 % Tier 1 Capital (to Average Assets) Consolidated 105,444 10.99 % 38,382 4.00 % N/A N/A Virginia Commonwealth Bank 85,770 8.97 % 38,259 4.00 % $ 47,824 5.0 % Actual Minimum Minimum (Dollars in Thousands) Amount Ratio Amount Ratio Amount Ratio As of December 31, 2016: Total Risk Based Capital (to Risk Weighted Assets) Consolidated $ 51,810 15.02 % $ 27,600 8.00 % N/A N/A Bank of Lancaster 46,977 13.69 % 27,460 8.00 % $ 34,325 10.0 % Tier 1 Capital (to Risk Weighted Assets) Consolidated 41,087 11.91 % 20,700 6.00 % N/A N/A Bank of Lancaster 43,114 12.56 % 20,595 6.00 % $ 27,460 8.0 % Common Equity Tier 1 Capital (to Risk Weighted Assets) Consolidated 41,087 11.91 % 15,525 4.50 % N/A N/A Bank of Lancaster 43,114 12.56 % 15,446 4.50 % $ 22,311 6.5 % Tier 1 Capital (to Average Assets) Consolidated 41,087 8.66 % 18,967 4.00 % N/A N/A Bank of Lancaster 43,114 9.18 % 18,793 4.00 % $ 23,491 5.0 % Bank Dividends One source of funds available to the Company is the payment of dividends by the Bank. Banking regulations limit the amount of dividends that may be paid without prior approval from the Bank’s regulators.

Employee Stock Ownership Plan

Employee Stock Ownership Plan	12 Months Ended
	Dec. 31, 2017
Employee Stock Ownership Plan	Note 18. Employee Stock Ownership Plan During 2017, the Company had two Employee Stock Ownership Plans. The first plan is a noncontributory Employee Stock Ownership Plan (“Surviving ESOP”) for the benefit of all eligible employees who became eligible prior to and after the merger with Virginia BanCorp on April 1, 2017. Employees who have completed twelve months of service and who have attained the age of 21 years are eligible. Contributions to the plan are at the discretion of the Company’s Board of Directors. Contributions are allocated proportionately based on the covered compensation of each participant compared to the aggregate covered compensation of all participants for the plan year. Allocations are limited to 25% of eligible participant compensation. Participant accounts are 30% vested after two years, 40% vested after three years with vesting increasing 20% each year thereafter, until 100% vested. The Surviving ESOP had 112,847 allocated shares as of December 31, 2017. Contributions to the plan were $75 thousand and $67 thousand in 2017 and 2016, respectively. Dividends received on the Company’s stock held by the Surviving ESOP totaled $14 thousand in 2017 and $0 in 2016. Shares held by the Surviving ESOP are considered outstanding for purposes of computing earnings per share. As a result of the merger with Virginia BanCorp on April 1, 2017, the Company has a second ESOP (“Acquired ESOP”), which was available to eligible employees of former Virginia Commonwealth Bank. The Acquired ESOP was a non-contributory As of December 31, 2017, the Acquired ESOP has five outstanding loans totaling $1.1 million, with 164,835 unearned shares pledged to those loans and 508,380 shares allocated to employee accounts. The fair value of shares not allocated to participants’ accounts was $1.7 million at December 31, 2017. During 2017, safe harbor contributions to the Acquired ESOP totaled $72 thousand, matching contributions totaled $76 thousand, and dividends received totaled $87 thousand. Expense related to shares committed to be released from loans totaled $133 thousand. The Surviving Plan was amended and restated effective January 1, 2018, and the Acquired Plan was merged into the Surviving Plan (now, the “Combined ESOP”). Participants of either prior plan on January 1, 2018 shall continue to be a participant in the Combined ESOP. Otherwise, each eligible employee shall become a participant as of the first January 1 st st

Stock-Based Compensation Plans

Stock-Based Compensation Plans	12 Months Ended
	Dec. 31, 2017
Stock-Based Compensation Plans	Note 19. Stock-Based Compensation Plans On June 28, 2013, the Company registered a new stock-based compensation plan with the Securities and Exchange Commission, which suspended all other plans. There are 219,210 shares available for grant under this plan at December 31, 2017. Unissued shares are generally used for exercises of stock options and restricted stock grants. Stock-based compensation expense related to stock awards during 2017 and 2016 was $199 thousand and $60 thousand, respectively. There was no unrecognized compensation expense related to stock options as of December 31, 2017. During 2017 there were issued 4 separate grants with a total of 86,790 options which were immediately vested compared to 29,500 options granted and vested during 2016. Compensation expense for stock options is the estimated fair value of options granted using the Black-Scholes Model amortized on a straight-line basis over the vesting period of the award. The expected volatility is based on historical volatility of the Company’s stock price. The risk-free interest rates for the periods within the contractual life of the awards are based on the U.S. Treasury yield curve in effect at the time of the grant. The expected life is based on historical exercise experience. The dividend yield assumption is based on the Company’s history and expectation of dividend payouts. The fair value of options granted during 2017 were $1.93, $1.73, $1.50 and $1.50. The fair value of options granted during 2016 was $2.14 and $2.00. The variables used in these calculations of the fair value of the options are as follows: For the twelve months ended December 31, 2017 2016 Risk free interest rate (5 year Treasury) 2.10% 1.94% Expected dividend yield 1% 0% Expected term (years) 5 5 Expected volatility 16.1%-21.7% 24.5%-40.1% Stock option plan activity for 2017 and 2016 is summarized below: Weighted Average Weighted Average Remaining Aggregate Shares Exercise Contractual Life Intrinsic Options outstanding, January 1, 2016 211,185 $ 6.57 6.0 Granted 29,500 7.24 Forfeited (13,787 ) 5.90 Exercised 0 0 Expired (8,598 ) 12.84 Options outstanding, December 31, 2016 218,300 $ 6.35 6.0 $ 378,288 Granted 86,790 10.08 Forfeited (1,195 ) 8.43 Exercised (43,244 ) 5.85 Expired (9,625 ) 13.76 Options outstanding, December 31, 2017 251,026 $ 7.43 6.73 $ 753,229 Options exercisable, December 31, 2017 251,026 $ 7.43 6.73 $ 753,229 (1) The aggregate intrinsic value of a stock option in the table above represents the total pre-tax

Earnings per Share

Earnings per Share	12 Months Ended
	Dec. 31, 2017
Earnings per Share	Note 20. Earnings per Share The following table shows the weighted average number of shares used in computing earnings per share and the effect on the weighted average number of shares of dilutive potential common stock. December 31, 2017 December 31, 2016 Average Per share Average Per share Basic earnings per share 9,399,223 $ (0.14 ) 4,774,856 $ 0.53 Effect of dilutive securities: Stock options — 25,090 Diluted earnings per share 9,399,223 $ (0.14 ) 4,799,946 $ 0.53 For the year ended 2017, options on 251,026 shares and 10,500 restricted shares were not included in computing diluted earnings per share because their effects were anti-dilutive. For the year ended 2016, options on 62,541 shares were not included in computing diluted earnings per share because their effects were anti-dilutive.

Related Parties

Related Parties	12 Months Ended
	Dec. 31, 2017
Related Parties	Note 21. Related Parties The Company has entered into transactions with its directors and principal officers of the Company, their immediate families and affiliated companies in which they are the principal stockholders (related parties). The aggregate amount of loans to such related parties was $7.4 million and $8.9 million at December 31, 2017 and 2016, respectively. All such loans, in the opinion of management, were made in the normal course of business on the same terms, including interest rate, collectability and collateral, as those prevailing at the time for comparable transactions. (Dollars in thousands Balance, January 1, 2017 $ 8,863 New loans and extensions to existing loans 25 Repayments and other reductions (1,534 ) Balance, December 31, 2017 $ 7,354 Unfunded commitments to extend credit to related parties were $3.7 million and $2.0 million at December 31, 2017 and 2016, respectively. The Company maintains deposit accounts with some related parties. The aggregate amount of these deposit accounts at December 31, 2017 and 2016 amounted to $1.4 million and $696 thousand, respectively. On May 28, 2015, the Company issued $7.0 million of 6.50% subordinated debt. Related parties purchased and held principal note amounts of $285 thousand. As of December 31, 2017, the Company owed these related parties $291.0 thousand in principal and accrued interest with regard to the subordinated debt.

Fair Value Measurements

Fair Value Measurements	12 Months Ended
	Dec. 31, 2017
Fair Value Measurements	Note 22. 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 available-for-sale. During the fourth quarter of 2016, management determined that the methodology used to determine the fair value of certain U.S. government securities as a group instead of individually was considered Level 2 fair value measurement, therefore approximately $1.6 million of Level 1 securities were moved to Level 2. During the fourth quarter of 2016, $1.5 million of corporate bonds were transferred from Level 2 to Level 3 due to the passage of time from the trade date and reliance upon non-binding Defined benefit plan assets Mortgage servicing rights 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 $6.50 per loan as of December 31, 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 150% as of December 31, 2017 and December 31, 2016. A discount rate of 13.0% was then applied to each pool as of December 31, 2017 and 14.0% as of 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 $8.16 per loan as of December 31, 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 192.4% as of December 31, 2017. The PSA speeds are converted to a constant prepayment rate (“CPR”) and then adjusted by applying betas to reflect the prepayment speeds of the portfolio based on historical payment behavior. As of December 31, 2017, an average CPR of 7.51% was applied based on the prior three years of history. An average discount rate of 3.6% was applied to each pool. 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 December 31, 2017 and December 31, 2016: (Dollars in thousands) Fair Value Measurements at December 31, 2017 Using Description Balance Level 1 Level 2 Level 3 Securities available-for-sale: Corporate bonds $ 6,717 $ — $ — $ 6,717 U. S. Government agencies and mortgage backed securities 49,283 — 49,283 — State and municipal obligations 21,153 — 21,153 — Total securities available-for-sale: $ 77,153 $ — $ 70,436 $ 6,717 Mortgage servicing rights $ 999 $ — $ — $ 999 Defined benefit plan assets: Mutual funds - fixed income 994 994 — — Mutual funds - equity 1,471 1,471 — — Total defined benefit plan assets $ 2,465 $ 2,465 $ — $ — 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: (Dollars in thousands) MSRs Corporate Balance, January 1, 2017 $ 671 $ 7,704 Purchases — — Acquired in merger 324 — Impairments — — Fair value adjustments 4 13 Sales — (1,000 ) Balance, December 31, 2017 $ 999 $ 6,717 (Dollars in thousands) MSRs Corporate Balance, January 1, 2016 $ 658 $ 3,945 Purchases — 3,750 Impairments — — Fair value adjustments 13 9 Sales — — Balance, December 31, 2016 $ 671 $ 7,704 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 December 31, 2017 Level 1 Level 2 Level 3 Impaired Loans, net $ 3,491 $ — $ — $ 3,491 Other real estate owned, net 4,284 — — 4,284 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 December 31, 2017: (Dollars in thousands) Balance as of Valuation Technique Unobservable Input Range (Weighted Impaired Loans, net $ 3,491 Discounted appraised value Selling Cost 6% - 20% (16%) Lack of Marketability 50% - 90% (65%) Other real estate owned, net 4,284 Discounted appraised value Selling Cost 3% - 13% (8%) Lack of Marketability 10% - 100% (16%) The following table displays quantitative information about Level 3 Fair Value Measurements as of December 31, 2016: (Dollars in thousands) Balance as of Valuation Technique Unobservable Input Range (Weighted 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 December 31, 2017 Using (Dollars in thousands) Balance as of Fair Value as of Description December 31, 2017 December 31, 2017 Level 1 Level 2 Level 3 Financial Assets: Cash and due from banks $ 9,396 $ 9,396 $ 9,396 $ — $ — Interest-bearing deposits 41,971 41,971 41,971 — — Certificates of deposit 3,224 3,224 — 3,224 — Federal funds sold 6,961 6,961 6,961 — — Securities available-for-sale 77,153 77,153 — 70,436 6,717 Restricted securities 5,787 5,787 — — 5,787 Loans, net 758,726 774,099 — — 774,099 Loans held for sale 1,651 1,651 — — 1,651 Accrued interest receivable 3,194 3,194 — 3,194 — Mortgage servicing rights 999 999 — — 999 Financial Liabilities: Non-interest-bearing $ 103,037 $ 103,037 $ 103,037 $ — $ — Savings and other interest-bearing deposits 299,820 299,820 — 299,820 — Time deposits 358,989 356,450 — — 356,450 Securities sold under repurchase agreements 9,498 9,498 — 9,498 — FHLB advances 70,000 70,486 — 70,486 — Subordinated debt 6,877 7,000 — — 7,000 Accrued interest payable 318 318 — 318 — Fair Value Measurements at December 31, 2017 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 7,501 7,501 7,501 — — Certificates of deposit 4,216 4,216 — 4,216 — Federal funds sold 2,350 2,350 2,350 — — Securities available-for-sale 51,173 51,173 — 43,469 7,704 Restricted securities 2,649 2,649 — — 2,649 Loans, net 381,537 384,468 — — 384,468 Loans held for sale 276 276 — — 276 Accrued interest receivable 1,372 1,372 — 1,372 — 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. MSRs are carried at fair value. As described above, a valuation model is used to determine fair value. This model utilizes a discounted cash flow analysis with servicing costs and prepayment assumptions based on comparable instruments and a discount rate. The fair value of performing loans is estimated by discounting the future cash flows using the current rates at which similar loans would be made to borrowers with similar remaining maturities. This calculation ignores loan fees and certain factors affecting the interest rates charged on various loans such as the borrower’s creditworthiness and compensating balances and dissimilar types of real estate held as collateral. The fair value of impaired loans is measured as described within the Impaired Loans section of this note. The fair value of loans does not consider the lack of liquidity and uncertainty in the market that would affect the valuation. Time deposits are presented at estimated fair value by discounting the future cash flows using interest rates offered for deposits of similar remaining maturities. The fair value of the Company’s subordinated debt is estimated by utilizing observable market prices for comparable securities. Qualitative factors like asset quality, market factors and liquidity are also considered. The fair value of the FHLB advances is estimated by discounting the future cash flows using the current interest rates offered for similar advances and remaining maturities. The fair value of commitments to extend credit is estimated using the fees currently charged to enter similar agreements, taking into account the remaining terms of the agreements and the present credit worthiness of the counter parties. For fixed-rate loan commitments, fair value also considers the difference between current levels of interest rates and the committed rates. The fair value of standby letters of credit is based on fees currently charged for similar agreements or on the estimated cost to terminate them or otherwise settle the obligations with the counter parties at the reporting date. At December 31, 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.

Leases

Leases	12 Months Ended
	Dec. 31, 2017
Leases	Note 23. Leases The Company has long-term leases for three retail branches and office equipment. Lease expense for 2017 and 2016 was $377 thousand and $179 thousand, respectively. Pursuant to the terms of these leases, the following is a schedule, by year, of future minimum lease payments required under the long-term non-cancelable 2018 341 2019 270 2020 262 2021 270 2022 160 1,303

Condensed Financial Information

Condensed Financial Information of Parent Company	12 Months Ended
	Dec. 31, 2017
Condensed Financial Information of Parent Company	Note 24. Condensed Financial Information of Parent Company Financial information pertaining only to Bay Banks of Virginia, Inc. is as follows: Condensed Balance Sheets December 31, 2017 December 31, 2016 Assets Cash and due from non-affiliated $ 24,475 $ 990 Interest-bearing deposits 609 168 Certificates of deposit — 1,240 Investments in subsidiaries 96,539 45,510 Other assets 2,002 1,680 Total assets $ 123,625 $ 49,588 Liabilities and Shareholders’ Equity Liabilities Subordinated debt $ 6,877 $ 6,860 Deferred directors’ compensation 901 561 Other borrowings 1,129 — Other liabilities 162 462 Total liabilities 9,069 7,883 Total shareholders’ equity 114,556 41,705 Total liabilities and shareholders’ equity $ 123,625 $ 49,588 (Dollars in thousands) Condensed Statements of Operations Years ended December 31, 2017 2016 Interest income $ 2 $ 17 Interest expense 481 472 Net interest expense (479 ) (455 ) Non-interest 857 678 Non-interest 1,752 1,261 Loss before income taxes and equity in undistributed earnings of subsidiaries (1,374 ) (1,038 ) Income tax benefit (340 ) (194 ) Loss before equity in undistributed earnings of subsidiaries (1,034 ) (844 ) Equity in undistributed earnings of subsidiaries (238 ) 3,379 Net income (loss) $ (1,272 ) $ 2,535 (Dollars in thousands) Condensed Statements of Cash Flows Years ended December 31, 2017 2016 Cash Flows from Operating Activities: Net income (loss) $ (1,272 ) $ 2,535 Adjustments to reconcile net income (loss) to net cash provided by operating activities: Amortization of debt issuance costs 17 16 Stock-based compensation 200 60 Equity in undistributed earnings of subsidiaries 238 (3,379 ) Decrease (increase) in other assets (324 ) 240 Net change in deferred directors’ compensation 340 83 (Decrease) increase in other liabilities (300 ) (688 ) Net cash used in operating activities (1,101 ) (1,133 ) Cash Flows from Investing Activities: Maturities (purchases) of certificates of deposit 1,240 1,240 Investment in subsidiaries (8,750 ) (1,000 ) Net provided by (cash used) in investing activities (7,510 ) 240 Cash Flows from Financing Activities: Dividends paid and cash in lieu of stock (1,431 ) — Stock options exercised 253 — Issuance of stock, net 32,804 — ESOP loans acquired from VBC 911 — Net cash provided by financing activities 32,537 — Net decrease in cash and due from banks 23,926 (893 ) Cash and cash equivalents at January 1 1,158 2,051 Cash and cash equivalents at December 31 $ 25,084 $ 1,158

Accumulated Other Comprehensive

Accumulated Other Comprehensive Loss, net	12 Months Ended
	Dec. 31, 2017
Accumulated Other Comprehensive Loss, net	Note 25. Accumulated Other Comprehensive Loss, net Note 25. Accumulated Other Comprehensive Loss, net The balances in accumulated other comprehensive income (loss) are shown in the following table (dollars in thousands): Net Unrealized Pension and Post-retirement Accumulated Other Balance January 1, 2016 $ 107 $ (883 ) $ (776 ) Change in net unrealized holding losses on securities, before reclassification, net of tax benefit of $175 (340 ) — (340 ) Reclassification for previously unrealized net gains recognized in income, net of tax expense of $148 (287 ) — (287 ) Net gain on pension and postretirement plans, net of tax expense of $87 — 168 168 Balance December 31, 2016 (520 ) (715 ) (1,235 ) Change in net unrealized holding gains on securities, before reclassification, net of tax expense of $30 114 — 114 Reclassification for previously unrealized net gains recognized in income, net of tax expense of $0 (2 ) — (2 ) Net gain on pension and postretirement plans, net of tax expense of $41 — 155 155 Net current period other comprehensive gain (loss) 112 155 267 Tax Cuts and Jobs Act of 2017, reclassification from AOCI to retained earnings, tax effect (81 ) (107 ) (188 ) Balance at December 31, 2017 $ (489 ) $ (667 ) $ (1,156 ) Reclassification for previously unrealized gains and impairments on securities and pension and postemployment related costs are reported in the consolidated statements of comprehensive income (loss) as follows: Accumulated Other Comprehensive Income (Loss) (Dollars in thousands) Holding gains (losses) Pension and Net gains on sales of securities available-for-securities $ 2 $ — Salaries and employee benefits — (81 ) Tax (expense) benefit — 28 Impact on net income $ 2 $ (53 ) Accumulated Other Comprehensive Income (Loss) (Dollars in thousands) Holding gains (losses) Pension and Net gains on sale of securities available-for-securities $ 435 $ — Salaries and employee benefits — (77 ) Tax (expense) benefit (148 ) 26 Impact on net income $ 287 $ (51 )

Significant Accounting Polici34

Significant Accounting Policies (Policies)	12 Months Ended
	Dec. 31, 2017
Use of estimates	Use of estimates The preparation of the consolidated financial statements in conformity with U.S. generally accepted accounting principles (“GAAP”) requires management to make estimates and assumptions. The amounts recorded in the consolidated financial statements may be affected by those estimates and assumptions. Actual results may vary from those estimates. Material estimates that are particularly susceptible to significant change in the near term relate to the determination of the allowance for loan losses, the measurement of fair value of foreclosed real estate, deferred taxes, impairment testing of goodwill, projected pension and post-retirement obligations and fair value measurements.
Cash and cash equivalents	Cash and cash equivalents For purposes of the consolidated statements of cash flows, cash and cash equivalents include cash and balances due from banks, all of which mature within ninety days. Interest-bearing deposits in banks are carried at cost, which mature within one year, and include deposits with the Federal Reserve Bank of Richmond.
Securities	Securities Investments in debt and equity securities with readily determinable fair values are classified as either held to maturity, available-for-sale, available-for-sale. available-for-sale Impairment of securities occurs when the fair value of a security is less than its amortized cost. For debt securities, impairment is considered other-than-temporary and recognized in its entirety in net income if (i) there is evidence of credit related impairment; (ii) the Company intends to sell the security or (iii) it is more-likely-than-not more-likely-than-not
Securities sold under repurchase agreements	Securities sold under repurchase agreements Securities sold under repurchase agreements, which are classified as secured borrowings, generally mature within one year from the transaction date. Securities sold under repurchase agreements are reflected at the amount of cash received in connection with the transaction. The Company is required to provide collateral based on the value of the underlying cash.
Loans	Loans The Company grants mortgage loans on real estate, commercial and industrial loans and consumer and other loans to customers. A substantial portion of the loan portfolio is represented by mortgage loans on real estate. The ability of the Company’s debtors to honor their contracts is dependent upon the real estate and general economic conditions in the Company’s market areas. Loans are reported at their recorded investment, which is the outstanding principal balance net of any unearned income, such as deferred fees and costs, charge-offs, discounts on acquired loans, and premiums or discounts on purchased 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. 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
Troubled debt restructuring ("TDR")	Troubled debt restructuring (“TDR”) In some situations, for economic or legal reasons related to a borrower’s financial condition, management may grant a concession to a borrower that it would not otherwise consider. In cases where borrowers are granted new terms that provide for a reduction of either interest or principal, the related loan is classified as a troubled debt restructuring. Management strives to identify borrowers in financial difficulty early and work with them to modify their loan to more affordable terms before their loan reaches nonaccrual status. These modified terms may include rate reductions, principal forgiveness, payment forbearance and other actions intended to minimize the economic loss and to avoid foreclosure or repossession of the collateral. Management measures all TDRs for impairment as noted below for impaired loans.
Allowance for loan losses ("ALL")	Allowance for loan losses (“ALL”) The ALL reflects management’s judgment of probable loan losses inherent in the portfolio at the balance sheet date. Management uses a disciplined process and methodology to establish the ALL each quarter. To determine the total ALL, the Company estimates the reserves needed for each homogenous segment 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. Prior to the merger, loans that were assigned risk rating grades included all commercial loans not secured by real estate, commercial mortgages, residential mortgages greater than $1 million, smaller residential mortgages which were impaired, loans to real estate developers and contractors, consumer loans greater than $250 thousand with chronic delinquency, and TDRs. All other loans that were not specifically assigned a risk rating grade were monitored as a discrete pool of loans generally based on delinquency status. Subsequent to the merger and core system conversion, with the exception of purchased consumer loan pools, all loans are risk rated using loan risk grading software that employs a variety of algorithms based on detailed account characteristics, which include a borrower’s payment history on a total relationship basis, as well as loan to value exposure. For non-homogeneous loans, management reviews these resulting grade assignments and makes adjustments to the final grade where appropriate based on an assessment of additional external information that may affect a particular loan. Purchased consumer loan pools are evaluated on a homogenous basis such that any balances past due by 90 days or more are rated substandard. Risk rating categories are as follows: Pass Watch Special Mention Substandard Doubtful Loss The ALL consists of specific, general, and unallocated components. The specific component is determined by identifying impaired loans (as described below) then evaluating each one to calculate the amount of impairment. Impaired loans measured for impairment generally include (1) any loan risk rated Special Mention or worse where the borrower has filed for bankruptcy; (2) all loans risk rated Substandard or worse with balances of $400 thousand or more; and (3) 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 include loans and debt consolidation loans purchased from third parties. Consumer loans have historically included credit cards, which are unsecured. The credit card portfolio was sold to an unaffiliated third party in the third quarter of 2016. The summation of the specific, general and unallocated components results in the total estimated ALL. This estimate is inherently subjective and actual losses could be greater or less than the estimates. Additions to the ALL are made by charges to earnings through the provision for loan losses. Charge-offs result from credit exposures deemed to be uncollectible and the ALL is reduced by these. Recoveries of previously charged off amounts are credited back to the ALL. Charge-off
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 probably at the date of acquisition that the Company will not collect all contractually required principal and interest payments. When determining the 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 loses is recorded for any deterioration in these loans subsequent to the acquisition.
Mortgage servicing rights ("MSRs")	Mortgage servicing rights (“MSRs”) MSRs are included on the consolidated balance sheets and recorded at fair value on an ongoing basis. Changes in the fair value of the MSRs are recorded in the results of operations. A fair value analysis of MSRs is performed on a quarterly basis.
Premises and equipment, net	Premises and equipment, net Land is carried at cost. Premises and equipment are carried at cost less accumulated depreciation. Depreciation is computed by the straight-line method over the estimated useful lives of the premises and equipment. Estimated useful lives range from 10-40 3-10
Other real estate owned, net	Other real estate owned, net Real estate properties acquired through, or in lieu of, loan foreclosure are marketed for sale and are initially recorded at the lesser of the fair value on the date of foreclosure less estimated selling costs or carrying value of the loan. After acquisition, management acquires new valuations at least every two years. Revenue and expenses related to the operation or maintenance of foreclosed properties are included in expenses from foreclosed assets and changes in the valuation allowance are included in other real estate gains (losses).
Goodwill and Intangible Assets	Goodwill and Intangible Assets Goodwill is related to unidentifiable intangible assets arising from the merger with Virginia BanCorp on April 1, 2017 and the acquisition of five branches during the years 1994 through 2000. Goodwill is tested annually for impairment. If impairment exists, the amount of impairment would result in a charge to expense. Intangible assets with definite useful lives are amortized over their estimated useful lives, to their estimated residual values. Goodwill is the only intangible asset with an indefinite life included on the Company’s Consolidated Balance Sheets. The core deposit intangible is the only intangible asset with a definite useful life, and is being amortized over 92 months. Long-lived assets, including purchased intangible assets subject to amortization, are reviewed for impairment whenever events or changes in circumstances indicate that the carrying amount of an asset may not be recoverable. Management concluded that no circumstances indicating an impairment of these assets existed as of the balance sheet date.
Income taxes	Income taxes Deferred income tax assets and liabilities are determined using the liability (or balance sheet) method. Under this method, the net deferred tax asset or liability is determined based on the tax effects of the temporary differences between the book and tax bases of the various balance sheet assets and liabilities and gives current recognition to changes in tax rates and laws. When tax returns are filed, it is highly certain that some positions taken would be sustained upon examination by the taxing authorities, while others are subject to uncertainty about the merits of the position taken or the amount of the position that would ultimately be sustained. The benefit of a tax position is recognized in the financial statements in the period during which, based on all available evidence, management believes it is more likely than not that the position will be sustained upon examination, including the resolution of appeals or litigation processes, if any. Tax positions taken are not offset or aggregated with other positions. Tax positions that meet the more-likely-than-not The Company evaluates its deferred tax assets quarterly to determine if it is more likely than not those assets will be recovered and if a valuation allowance is needed. At December 31, 2017, the Company determined no valuation allowance related to its deferred tax assets was necessary.
Pension benefits	Pension benefits The Company has a non-contributory
Postretirement benefits	Postretirement benefits The Company provides certain health care benefits for employees who retired prior to March 1, 2018 and met eligibility requirements.
Employer Stock Ownership Plan ("ESOP")	Employer 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 Virginia BanCorp merger, 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 18 until those shares are allocated to participants’ accounts. 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.
Trust assets and income	Trust assets and income Customer assets held by the Financial Group, other than cash on deposit at the Bank, are not included in these financial statements, since such items are not assets of the Bank or the Financial Group. Trust fees are recorded on the accrual basis.
Earnings per share	Earnings per share Basic earnings per share represent income available to common shareholders divided by the weighted-average number of common shares outstanding during the period. Diluted earnings per share reflect additional common shares that would have been outstanding if dilutive potential common shares had been issued. Potential common shares that may be issued by the Company relate solely to outstanding stock options. Shares held by the ESOP which collateralize ESOP borrowings are excluded from both basic and diluted averages shares outstanding. Refer to Note 20.
Off-balance-sheet financial instruments	Off-balance-sheet In the ordinary course of business, the Company enters into off-balance-sheet
Significant group concentration of credit risk	Significant group concentration of credit risk Most of the Company’s business activity is with customers located in the Virginia counties of Lancaster, Northumberland, Richmond, Westmoreland, Middlesex, Chesterfield, Henrico and the City of Richmond, Virginia. The Company makes residential, commercial and consumer loans and a significant amount of the loan portfolio is comprised of real estate mortgage loans, which are secured primarily by single-family residences. The adequacy of collateral on real estate mortgage loans is highly dependent on changes in real estate values.
Advertising	Advertising Advertising costs are expensed as incurred and totaled $664 thousand and $197 thousand for the years ended December 31, 2017 and 2016, respectively.
Comprehensive income	Comprehensive income Comprehensive income consists of net income and other comprehensive income. Other comprehensive income includes unrealized gains or losses on securities available-for-sale
Fair value of financial instruments	Fair value of financial instruments Fair values of financial instruments are estimated using relevant market information and other assumptions, as more fully disclosed in Note 22. Fair value estimates involve uncertainties and matters of significant judgment. Changes in assumptions or in market conditions could significantly affect the estimates.
Transfers of financial assets	Transfers of financial assets Transfers of financial assets are accounted for as sales when control over the assets has been surrendered. Control over transferred assets is deemed to be surrendered when: (1) the assets have been isolated from the Company – put presumptively beyond reach of the transferor and its creditors, even in bankruptcy or other receivership; (2) the transferee obtains the right (free of conditions that constrain it from taking advantage of that right) to pledge or exchange the transferred assets; and (3) the Company does not maintain effective control over the transferred assets through an agreement to repurchase them before their maturity or the ability to unilaterally cause the holder to return specific assets.
Stock-based compensation plans	Stock-based compensation plans Authoritative accounting guidance requires companies to recognize the cost of employee services received in exchange for awards of equity instruments, such as stock options and restricted stock, based on the fair value of those awards at the date of grant. This cost is recognized over the vesting period of the respective awards.
Recent Accounting Pronouncements	Recent Accounting Pronouncements . In February 2018, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) 2018-02, 2018-02 In March 2017, the FASB issued ASU No. 2017-09, “Compensation – Stock Compensation (Topic 718).” ASU 2017-09 will In March 2017, the FASB issued ASU No. 2017-08, “Receivables—Nonrefundable Fees and Other Costs (Subtopic 310-20), Premium Amortization on Purchased Callable Debt Securities.” ASU 2017-08 will 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.” ASU 2017-07 will ASU 2017-07 in In January 2017, the FASB issued ASU No. 2017-04, Intangibles—Goodwill and Other (Topic 350): Simplifying the Test for Goodwill Impairment. 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 February 2016, the FASB issued ASU 2016-02, 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. In May 2014, the FASB issued ASU 2014-09, Revenue from Contracts with Customers 2014-09 2014-09 2014-09. 2014-09,

Business Combination (Tables)

Business Combination (Tables)	12 Months Ended
	Dec. 31, 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. Fair Value As Recorded As Recorded and Reclassification 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 (62,068 ) 210,411 Loans held for sale — 55,648 55,648 Deferred income taxes 1,325 255 1,580 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 365 — 365 Total identified assets acquired 328,951 184 329,135 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 $ 35,230 $ (549 ) $ 34,681 Goodwill resulting from acquisition $ 7,566
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 Years Ended (Dollars in thousands) December 31, 2017 December 31, 2016 Net interest income $ 27,169 $ 27,342 Net income 1,825 6,182
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 operations for the years ended December 31, 2017. Year Ended (Dollars in thousands) December 31, 2017 Loans (1) $ 1,907 Core deposit intangible (2) (679 ) Time deposits (3) 307 Depreciation (4) (30 ) Net impact to income before income taxes $ 1,505 (1) Loan discount accretion is included in the “Loans, including fees” section of “Interest Income” in the consolidated statements of operations. (2 ) 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 operations. (4) Depreciation on the fair value mark up of fixed assets is included in “Occupancy expense” section of “Non-Interest

Intangible Assets (Tables)

Intangible Assets (Tables)	12 Months Ended
	Dec. 31, 2017
Information Concerning Intangible Assets with a Finite Life	Information concerning intangible assets with a finite life is presented in the following table: (Dollars in thousands) Gross Carrying Accumulated Net Carrying December 31, 2017 Value Amortization Value Core deposit intangibles $ 3,670 $ 679 $ 2,991 Other intangibles 999 — 999 $ 4,669 $ 679 $ 3,990 Gross Carrying Accumulated Net Carrying December 31, 2016 Value Amortization Value Other intangibles $ 671 $ — $ 671
Estimated Remaining Amortization Expense	As of December 31, 2017, the estimated remaining amortization expense of core deposit intangibles is as follows: (Dollars in thousands) 2018 $ 798 2019 674 2020 551 2021 427 2022 304 Thereafter 237 Total estimated amortization expense $ 2,991

Investment Securities (Tables)

Investment Securities (Tables)	12 Months Ended
	Dec. 31, 2017
Aggregate Amortized Cost and Fair Values of Available-for-Sale Securities Portfolio	The aggregate amortized cost and fair values of the available-for-sale (Dollars in thousands) Gross Gross Available-for-sale Amortized Unrealized Unrealized Fair December 31, 2017 Cost Gains (Losses) Value Corporate bonds $ 6,696 $ 23 $ (2 ) $ 6,717 U.S. Government agencies and mortgage backed securities 49,964 6 (687 ) 49,283 State and municipal obligations 21,113 195 (155 ) 21,153 $ 77,773 $ 224 $ (844 ) $ 77,153 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 and mortgage backed securities 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, as well as proceeds on sales and calls of securities, were as follows: For the years ended December 31, (Dollars in thousands) 2017 2016 Gross realized gains $ 7 $ 445 Gross realized losses (5 ) (10 ) Net realized gains $ 2 $ 435 Aggregate proceeds $ 17,937 $ 19,509
Aggregate Amortized Cost and Market Values of Investment Securities Portfolio by Contractual Maturity	The aggregate amortized cost and market values of the investment securities portfolio by contractual maturity at December 31, 2017, are shown below: (Dollars in thousands) Amortized Cost Fair Value Due in one year or less $ 3,583 $ 3,514 Due after one year through five years 37,746 37,425 Due after five through ten years 28,442 28,250 Due after ten years 8,002 7,964 $ 77,773 $ 77,153
Unrealized Loss Positions	Bonds with unrealized loss positions at December 31, 2016, included 37 federal agencies, one corporate bond and 39 municipals. (Dollars in thousands) Less than 12 months 12 months or more Total Fair Unrealized Fair Unrealized Fair Unrealized December 31, 2017 Value Loss Value Loss Value Loss Corporate bonds $ 498 $ (2 ) $ — $ — $ 498 $ (2 ) U.S. Government agencies 25,053 (353 ) 16,184 (334 ) 41,237 (687 ) States and municipal obligations 2,753 (15 ) 5,787 (140 ) 8,540 (155 ) Total temporarily impaired securities $ 28,304 $ (370 ) $ 21,971 $ (474 ) $ 50,275 $ (844 ) 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)	12 Months Ended
	Dec. 31, 2017
Summary of Balances of Loans	The following is a summary of the balances of loans: (Dollars in thousands) December 31, 2017 December 31, 2016 Mortgage loans on real estate: Construction, Land and Land Development $ 66,042 $ 39,818 Farmland 923 1,023 Commercial Mortgages (Non-Owner 146,757 35,343 Commercial Mortgages (Owner Occupied) 80,052 41,825 Residential First Mortgages 269,365 194,007 Residential Revolving and Junior Mortgages 46,498 26,425 Commercial and Industrial loans 114,093 43,024 Consumer Loans 42,566 3,544 Total loans 766,296 385,009 Net unamortized deferred loan costs 200 391 Allowance for loan losses (7,770 ) (3,863 ) Loans, net $ 758,726 $ 381,537
Recorded Investment in Past Due and Non-accruing Loans	The recorded investment in past due and non-accruing 90 Days or 30-89 More Past Total Past (Dollars in thousands) Days Due and Due and Total December 31, 2017 Past Due Still Accruing Nonaccruals Nonaccruals Current Loans Mortgage Loans on Real Estate: Construction, Land and Land Development $ 261 $ — $ 1,237 $ 1,498 $ 64,544 $ 66,042 Farmland — 48 — 48 875 923 Commercial Mortgages (Non-Owner 449 — — 449 146,308 146,757 Commercial Mortgages (Owner Occupied) 412 — 1,752 2,164 77,888 80,052 Residential First Mortgages 2,321 — 1,942 4,263 265,102 269,365 Residential Revolving and Junior Mortgages 449 — 1,338 1,787 44,711 46,498 Commercial and Industrial 331 — 92 423 113,670 114,093 Consumer Loans 288 — 135 423 42,143 42,566 Total $ 4,511 $ 48 $ 6,496 $ 11,055 $ 755,241 $ 766,296 90 Days or 30-89 More Past Total Past Days Due and Due and Total December 31, 2016 Past Due Still Accruing Nonaccruals Nonaccruals Current Loans Mortgage Loans on Real Estate: Construction, Land and Land Development $ — $ — $ 623 $ 623 $ 39,195 $ 39,818 Farmland 57 — — 57 966 1,023 Commercial Mortgages (Non-Owner — — — — 35,343 35,343 Commercial Mortgages (Owner Occupied) 188 — 2,270 2,458 39,367 41,825 Residential First Mortgages 1,546 — 2,155 3,701 190,306 194,007 Residential Revolving and Junior Mortgages 480 — 160 640 25,785 26,425 Commercial and Industrial 408 — 92 500 42,524 43,024 Consumer Loans — — — — 3,544 3,544 Total $ 2,679 $ — $ 5,300 $ 7,979 $ 377,030 $ 385,009
PCI 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 December 31, 2017, included in the table above. 90 Days or 30-89 More Past Total Past (Dollars in thousands) Days Due and Due and Total December 31, 2017 Past Due Still Accruing Nonaccruals Nonaccruals Current Loans Mortgage Loans on Real Estate: Construction, Land and Land Development $ — $ — $ — $ — $ 1,405 $ 1,405 Commercial Mortgages (Non-Owner — — — — 171 171 Commercial Mortgages (Owner Occupied) 161 — — 161 160 321 Residential First Mortgages 349 141 — 490 3,320 3,810 Residential Revolving and Junior Mortgages — 20 — 20 29 49 Consumer loans — 4 — 4 65 69 Total $ 510 $ 165 $ 0 $ 675 $ 5,150 $ 5,825

Allowance for Loan Losses (Tabl

Allowance for Loan Losses (Tables)	12 Months Ended
	Dec. 31, 2017
Allowance for Loan Losses by Portfolio Segment	A disaggregation of and an analysis of the change in the allowance for loan losses by segment is shown below. Mortgage Commercial Consumer Loans on and and other (Dollars in thousands) Real Estate Industrial Loans Total For the Twelve Months Ended December 31, 2017 Beginning Balance $ 3,318 $ 493 $ 52 $ 3,863 (Charge-offs) (577 ) (729 ) (171 ) (1,477 ) Recoveries 91 263 96 450 Provision (recovery) 1,032 851 3,051 4,934 Ending Balance $ 3,864 $ 878 $ 3,028 $ 7,770 Individually evaluated for impairment $ 861 $ 92 $ 141 $ 1,094 Collectively evaluated for impairment 3,003 786 2,887 6,676 Mortgage Commercial Consumer Loans on and and Other (Dollars in thousands) Real Estate Industrial Loans Total For the Twelve Months Ended December 31, 2016 Beginning Balance $ 3,502 $ 599 $ 122 $ 4,223 Reclassification of allowance related to sold loans — — (27 ) (27 ) (Charge-offs) (735 ) (158 ) (53 ) (946 ) Recoveries 254 61 11 326 Provision (recovery) 297 (9 ) (1 ) 287 Ending Balance $ 3,318 $ 493 $ 52 $ 3,863 Individually evaluated for impairment $ 803 $ 92 $ — $ 895 Collectively evaluated for impairment 2,515 401 52 2,968
Loan Receivables Evaluated for Impairment Individually and Collectively by Segment	Loan receivables evaluated for impairment individually and collectively by segment as of December 31, 2017 and 2016 are as follows: Mortgage Commercial Consumer Loans on and and Other (Dollars in thousands) Real Estate Industrial Loans Total As of December 31, 2017 Individually evaluated for impairment $ 8,874 $ 92 $ 141 $ 9,107 Collectively evaluated for impairment 595,007 114,001 42,356 751,364 Loans acquired with deteriorated credit quality 5,756 — 69 5,825 Total Gross Loans $ 609,637 $ 114,093 $ 42,566 $ 766,296 As of December 31, 2016 Individually evaluated for impairment $ 10,323 $ 92 $ — $ 10,415 Collectively evaluated for impairment 328,118 42,932 3,544 374,594 Total Gross Loans $ 338,441 $ 43,024 $ 3,544 $ 385,009
Schedule of Changes in Accretable Yield for PCI Loans	The following table presents the changes in the accretable yield for PCI loans (refer to Note 3) since acquisition on April 1, 2017 through December 31, 2017 (in thousands): December 31, Balance at acquisition, April 1, 2017 $ 1,354 Accretion (267 ) Reclassifications from nonaccretable balance, net — Other changes, net — Balance as of December 31, 2017 $ 1,087
Internal Risk Rating Grades	Internal risk rating grades are shown in the following table. Construction, Residential Commercial Commercial Land and Residential Revolving and Mortgages Mortgages Commercial (Dollars in thousands) Land First Junior (Non-Owner (Owner and Consumer As of December 31, 2017 Development Farmland Mortgages Mortgages Occupied) Occupied) Industrial Loans Total Grade: Pass $ 55,949 $ 923 $ 256,614 $ 43,659 $ 140,625 $ 67,732 $ 110,281 $ 12,431 $ 688,214 Watch 6,690 — 8,624 1,376 5,931 10,076 2,373 29,917 64,987 Special mention 172 — 205 — — — 1,347 — 1,724 Substandard 3,231 — 3,922 1,463 201 2,244 92 218 11,371 Doubtful — — — — — — — — — Total $ 66,042 $ 923 $ 269,365 $ 46,498 $ 146,757 $ 80,052 $ 114,093 $ 42,566 $ 766,296 Construction, Commercial Commercial Land and Mortgages Mortgages Commercial Land (Non-Owner (Owner and As of December 31, 2016 Development Farmland Occupied) Occupied) Industrial Total Grade: Pass $ 32,009 $ 1,023 $ 30,639 $ 31,191 $ 40,841 $ 135,703 Watch 5,795 — 4,184 6,652 1,891 18,522 Special mention 180 — 272 1,453 125 2,030 Substandard 1,834 — 248 2,529 167 4,778 Doubtful — — — — — — Total $ 39,818 $ 1,023 $ 35,343 $ 41,825 $ 43,024 $ 161,033
Performing and Non Performing Loans	These loans were considered to be nonperforming when they are delinquent by 90 days or more or non-accruing Residential Residential Revolving As of December 31, 2016 First and Junior Consumer PAYMENT ACTIVITY STATUS Mortgages (1) Mortgages (2) Loans (3) Total Performing $ 191,852 $ 26,265 $ 3,544 $ 221,661 Nonperforming 2,155 160 — 2,315 Total $ 194,007 $ 26,425 $ 3,544 $ 223,976 Notes: (1) Residential First Mortgages which have been assigned a risk rating grade of Substandard totaled $3.3 million as of December 31, 2016. (2) Residential Revolving and Junior Mortgages which have been assigned a risk rating grade of Substandard totaled $1.1 million as of December 31, 2016. (3) 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 (Dollars in thousands) As of December 31, 2017 As of December 31, 2016 IMPAIRED LOANS Recorded Customers’ Unpaid Related Recorded Customers’ Unpaid Related Investment Principal Balance Allowance Investment Principal Balance Allowance With no related allowance: Construction, Land and Land Development $ 900 $ 1,378 $ — $ 1,531 $ 1,539 $ — Residential First Mortgages 1,488 1,488 — 2,112 2,176 — Residential Revolving and Junior Mortgages (1) 414 414 — 995 999 — Commercial Mortgages (Non-owner — — — 248 248 — Commercial Mortgages (Owner occupied) 1,721 1,971 — 1,860 2,178 — Commercial and Industrial — — — — — — Consumer—Other — — — — — — 4,523 5,251 — 6,746 7,140 — With an allowance recorded: Construction, Land and Land Development 550 621 137 243 286 145 Residential First Mortgages 1,914 1,914 367 1,951 1,951 367 Residential Revolving and Junior Mortgages (1) 1,340 1,340 162 544 546 199 Commercial Mortgages (Non-owner — — — — — — Commercial Mortgages (Owner occupied) 547 586 195 839 854 92 Commercial and Industrial 92 92 92 92 101 92 Consumer—Other 141 141 141 — — — 4,584 4,694 1,094 3,669 3,738 895 Total Impaired Loans: Construction, Land and Land Development 1,450 1,999 137 1,774 1,825 145 Residential First Mortgages 3,402 3,402 367 4,063 4,127 367 Residential Revolving and Junior Mortgages (1) 1,754 1,754 162 1,539 1,545 199 Commercial Mortgages (Non-owner — — — 248 248 — Commercial Mortgages (Owner occupied) 2,268 2,557 195 2,699 3,032 92 Commercial and Industrial 92 92 92 92 101 92 Consumer—Other 141 141 141 — — — $ 9,107 $ 9,945 $ 1,094 $ 10,415 $ 10,878 $ 895 Notes: (1) Junior mortgages include equity lines. For the Year Ended For the Year Ended December 31, 2017 December 31, 2016 Average Interest Average Interest Recorded Income Recorded Income (Dollars in thousands) Investment Recognized Investment Recognized With no related allowance: Construction, Land and Land Development $ 1,282 $ 66 $ 1,316 $ 55 Residential First Mortgages 1,449 21 1,956 14 Residential Revolving and Junior Mortgages (1) 417 5 808 38 Commercial Mortgages (Non-owner — — 251 15 Commercial Mortgages (Owner occupied) 1,800 32 1,858 27 Commercial and Industrial — — — — Consumer—Other — — — — 4,948 124 6,189 149 With an allowance recorded: Construction, Land and Land Development 572 4 253 5 Residential First Mortgages 1,932 93 1,956 90 Residential Revolving and Junior Mortgages (1) 1,360 44 218 9 Commercial Mortgages (Non-owner — — — — Commercial Mortgages (Owner occupied) 572 12 819 22 Commercial and Industrial 92 — 103 1 Consumer—Other 28 6 — — 4,556 159 3,349 127 Total Construction, Land and Land Development 1,854 70 1,569 60 Residential First Mortgages 3,381 114 3,912 104 Residential Revolving and Junior Mortgages (1) 1,777 49 1,026 47 Commercial Mortgages (Non-owner — — 251 15 Commercial Mortgages (Owner occupied) 2,372 44 2,677 49 Commercial and Industrial 92 — 103 1 Consumer—Other 28 6 — — $ 9,504 $ 283 $ 9,538 $ 276
Summary of Troubled Debt Restructurings	The following table presents, by segments of loans, information related to loans modified as TDRs during the years ended December 31, 2017 and 2016. For the Year Ended For the Year Ended December 31, 2017 December 31, 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 mortages (1) 1 $ 820 $ 820 1 $ 244 $ 244 Consumer loan (1) 1 147 147 — — — Notes: (1) Modifications were an extention of the loan terms. For the Year Ended For the Year Ended December 31, 2017 December 31, 2016 TROUBLED DEBT RESTRUCTURINGS THAT SUBSEQUENTLY DEFAULTED Number of Recorded Number of Recorded Commerical mortgages (Owner occupied) 0 0 0 0

Other Real Estate Owned, Net (T

Other Real Estate Owned, Net (Tables)	12 Months Ended
	Dec. 31, 2017
Net of Valuation Allowances for Losses on Other Real Estate Owned	Other real estate owned (“OREO”) is presented net of a valuation allowance for losses. An analysis of the valuation allowance on OREO is shown below. Years ended December 31, (Dollars in thousands) 2017 2016 Balance, beginning of year $ 473 $ 621 Provision for losses 245 53 Charge-offs (190 ) (201 ) Balance, end of period $ 528 $ 473
Components of Expenses Applicable to Foreclosed Assets	Expenses applicable to OREO include the following: Years ended December 31, (Dollars in thousands) 2017 2016 Net (gain) loss on sales of real estate $ (23 ) $ 74 Provision for losses 245 53 Operating expenses, net of income 138 93 Total expenses $ 360 $ 220
Summary of Properties Included in Other Real Estate Owned (OREO)	The following table details the properties included in OREO as of December 31, 2017 and December 31, 2016. There were no collateralized consumer residential mortgage loans in the process of foreclosure as of December 31, 2017. As of December 31, 2017 As of December 31, 2016 No. of Carrying No. of Carrying (Dollars in thousands) Properties Value Properties Value Residential 5 $ 443 2 $ 891 Land lots 20 3,223 7 547 Convenience store 1 55 1 59 Restaurant 1 36 1 55 Commerical properties 2 527 3 942 Total 29 $ 4,284 14 $ 2,494

Premises and Equipment, net (Ta

Premises and Equipment, net (Tables)	12 Months Ended
	Dec. 31, 2017
Components of Premises and Equipment Included in Balance Sheets	Components of premises and equipment included in the balance sheets at December 31, 2017 and 2016 were as follows: 2017 2016 (Dollars in thousands) Land and improvements $ 4,762 $ 2,350 Buildings and improvements 16,634 12,221 Furniture and equipment 9,126 10,323 Total cost 30,522 24,894 Less accumulated depreciation (12,656 ) (14,050 ) Premises and equipment, net $ 17,866 $ 10,844

Deposits (Tables)

Deposits (Tables)	12 Months Ended
	Dec. 31, 2017
Schedule of Time Deposits Maturities	At December 31, 2017, the scheduled maturities of time deposits are as follows (in thousands): 2018 $ 235,751 2019 30,986 2020 54,022 2021 25,991 2022 12,239 Thereafter — $ 358,989

Employee Benefit Plans (Tables)

Employee Benefit Plans (Tables)	12 Months Ended
	Dec. 31, 2017
Change in Benefit Obligation	Pension Benefits Postretirement Benefits (Dollars in thousands) 2017 2016 2017 2016 Change in benefit obligation Benefit obligation, beginning of year $ 3,398 $ 3,488 $ 540 $ 668 Service cost — — 22 22 Interest cost 121 134 21 28 Actuarial loss (gain) 323 17 (120 ) (170 ) Benefit payments (581 ) (279 ) (6 ) (8 ) Settlement loss 12 38 — — Benefit obligation, end of year 3,273 3,398 457 540
Change in Plan Assets	Change in plan assets Fair value of plan assets, beginning of year 2,690 2,806 — — Actual return on plan assets 356 163 — — Employer contributions — — 6 8 Benefits payments (581 ) (279 ) (6 ) (8 ) Fair value of plan assets, end of year 2,465 2,690 — —
Defined Benefit Plan Funded Status	Funded status at the end of the year $ (808 ) $ (708 ) $ (457 ) $ (540 )
Amounts Recognized in Accumulated Other Comprehensive Loss (Income)	Amounts recognized in accumulated other comprehensive loss (income) Net loss (gain) $ 1,187 $ 1,316 $ (344 ) $ (234 ) Prior service cost — — — — Net obligation at transition — — — — Amount recognized $ 1,187 $ 1,316 $ (344 ) $ (234 )
Components of Net Periodic Benefit Cost (Gain)	Components of net periodic benefit cost (gain) Service cost $ — $ — $ 22 $ 22 Interest cost 121 134 21 28 Expected (return) on plan assets (167 ) (189 ) — — Amortization of prior service cost — — — — Amortization of net obligation at transition — — (11 ) — Recognized net loss due to settlement 195 90 — — Recognized net actuarial loss 81 77 — — Net periodic benefit (gain) cost 230 112 32 50
Other Changes in Plan Assets and Benefit Obligations Recognized in Accumulated Other Comprehensive (Income) Loss	Other changes in plan assets and benefit obligations recognized in accumulated other comprehensive (income) loss Net (gain) loss (130 ) (86 ) (109 ) (170 ) Amortization of prior service cost — — — — Amortization of net obligation at transition — — — — Total recognized in other comprehensive loss/(income) (130 ) (86 ) (109 ) (170 ) Total recognized in net periodic benefit cost and other comprehensive loss/(income) $ 100 $ 26 $ (77 ) $ (120 )
Weighted-average Assumptions	Weighted-average assumptions as of December 31: 2017 2016 2017 2016 Discount rate used for Net Periodic Pension Cost 4.00 % 4.25 % 4.00 % 4.25 % Discount Rate used for Disclosure 3.50 % 4.00 % 3.50 % 4.00 % Expected return on plan assets 7.25 % 7.50 % N/A N/A Rate of compensation increase N/A N/A N/A N/A Rate of compensation increase for net periodic pension cost N/A N/A N/A N/A Expected future interest crediting rate 3.00 % 3.00 % N/A N/A
Estimated Future Benefit Payments for Pension and Postretirement Plans	Estimated future benefit payments for the pension and postretirement plans are as follows (in thousands): Pension Postretirement 2018 $ 316 $ 6 2019 321 7 2020 265 7 2021 206 7 2022 195 6 2023 - 2027 1,417 28

Other Borrowings (Tables)

Other Borrowings (Tables)	12 Months Ended
	Dec. 31, 2017
Short-term Borrowings	The table below presents selected information on short-term borrowings: As of December 31, 2017 2016 (Dollars in Thousands) Balance outstanding at period-end $ 9,498 $ 18,310 Maximum balance at any month end during the year $ 17,091 $ 18,310 Average balance for the period $ 11,001 $ 9,299 Weighted average rate for the period 0.17 % 0.16 % Weighted average rate on borrowings at period end 0.21 % 0.13 % Estimated fair value at year end $ 9,498 $ 18,310

Debt (Tables)

Debt (Tables)	12 Months Ended
	Dec. 31, 2017
Advances of Debt	The two advances are shown in the following table. Description Balance Originated Interest Rate Date Adjustable Rate Hybrid $ 10,000,000 4/12/2013 3.25750 % 4/13/2020 Fixed Rate Credit 60,000,000 12/1/2017 1.34000 % 1/2/2018 $ 70,000,000 1.68000 %
Subordinated Debt	(Dollars in thousands) Balance as of Balance as of 6.5% Subordinated Debt $ 7,000 $ 7,000 Less: Issuance costs (123 ) (140 ) $ 6,877 $ 6,860

Income Taxes (Tables)

Income Taxes (Tables)	12 Months Ended
	Dec. 31, 2017
Expense (Benefit) for Income Taxes	The expense (benefit) for income taxes consisted of the following (in thousands): Year ended December 31, 2017 2016 Current $ 362 $ 1,054 Deferred 435 (88 ) $ 797 $ 966
Summary of Reasons for Differences Between Statutory Federal Income Tax Rates and Effective Tax Rates	The reasons for the differences between the statutory Federal income tax rates and the effective tax rates are summarized as follows: 2017 2016 Statutory rate 34.0 % 34.0 % Increase (decrease) resulting from: Tax exempt interest 51.1 % -6.1 % Bank owned life insurance 33.9 % -2.7 % Merger costs -15.0 % 2.5 % The Tax Act -283.1 % 0.0 % Other, net 11.4 % -0.1 % -167.8 % 27.6 %
Components of Net Deferred Tax Assets and Liabilities	The components of the net deferred tax assets and liabilities included in other assets, using federal corporate tax rates of 21% as of December 31, 2017 and 34% as of December 31, 2016, are as follows (in thousands): December 31, 2017 2016 Deferred tax assets Allowance for loan losses $ 1,632 $ 908 Interest on non-accrual 58 130 Other real estate 433 446 Pension plan 170 242 Postretirement benefits 96 184 Unrealized losses (gains) on available-for-sale 130 268 Deferred compensation 189 191 Stock-based compensation 26 30 Alternative Minimum Tax Credit 134 — Net discount on loan portfolios acquired in merger with Virginia Bancorp 1,576 — Premium on time deposits acquired in merger with Virginia Bancorp 89 — Other 212 27 Total deferred tax assets 4,745 2,426 Deferred tax liabilities Depreciation (69 ) (126 ) Amortization of goodwill (1,218 ) (955 ) Net deferred loan fees and costs 65 (133 ) Premium on fixed assets acquired in merger with Virginia Bancorp (561 ) — Recapture of bad debts experience reserve (229 ) — Other (391 ) (58 ) Total deferred tax liabilities (2,403 ) (1,272 ) Net deferred tax assets $ 2,342 $ 1,154

Regulatory Requirements and R47

Regulatory Requirements and Restrictions (Tables)	12 Months Ended
	Dec. 31, 2017
Schedule of Bank's Actual Capital Amounts and Ratios	The Company’s and the Bank’s actual capital amounts and ratios as of December 31, 2017 and December 31, 2016, are presented in the following tables: Actual Minimum Minimum (Dollars in Thousands) Amount Ratio Amount Ratio Amount Ratio As of December 31, 2017: Total Risk Based Capital (to Risk Weighted Assets) Consolidated $ 120,091 16.24 % $ 59,150 8.00 % N/A N/A Virginia Commonwealth Bank 93,540 12.70 % 58,914 8.00 % $ 73,642 10.0 % Tier 1 Capital (to Risk Weighted Assets) Consolidated 105,444 14.26 % 44,363 6.00 % N/A N/A Virginia Commonwealth Bank 85,770 11.65 % 44,185 6.00 % $ 58,914 8.0 % Common Equity Tier 1 Capital (to Risk Weighted Assets) Consolidated 105,444 14.26 % 33,272 4.50 % N/A N/A Virginia Commonwealth Bank 85,770 11.65 % 33,139 4.50 % $ 47,868 6.5 % Tier 1 Capital (to Average Assets) Consolidated 105,444 10.99 % 38,382 4.00 % N/A N/A Virginia Commonwealth Bank 85,770 8.97 % 38,259 4.00 % $ 47,824 5.0 % Actual Minimum Minimum (Dollars in Thousands) Amount Ratio Amount Ratio Amount Ratio As of December 31, 2016: Total Risk Based Capital (to Risk Weighted Assets) Consolidated $ 51,810 15.02 % $ 27,600 8.00 % N/A N/A Bank of Lancaster 46,977 13.69 % 27,460 8.00 % $ 34,325 10.0 % Tier 1 Capital (to Risk Weighted Assets) Consolidated 41,087 11.91 % 20,700 6.00 % N/A N/A Bank of Lancaster 43,114 12.56 % 20,595 6.00 % $ 27,460 8.0 % Common Equity Tier 1 Capital (to Risk Weighted Assets) Consolidated 41,087 11.91 % 15,525 4.50 % N/A N/A Bank of Lancaster 43,114 12.56 % 15,446 4.50 % $ 22,311 6.5 % Tier 1 Capital (to Average Assets) Consolidated 41,087 8.66 % 18,967 4.00 % N/A N/A Bank of Lancaster 43,114 9.18 % 18,793 4.00 % $ 23,491 5.0 %

Stock-Based Compensation Plans

Stock-Based Compensation Plans (Tables)	12 Months Ended
	Dec. 31, 2017
Fair Value of Options	The variables used in these calculations of the fair value of the options are as follows: For the twelve months ended December 31, 2017 2016 Risk free interest rate (5 year Treasury) 2.10% 1.94% Expected dividend yield 1% 0% Expected term (years) 5 5 Expected volatility 16.1%-21.7% 24.5%-40.1%
Summary of Stock Option Activity	Stock option plan activity for 2017 and 2016 is summarized below: Weighted Average Weighted Average Remaining Aggregate Shares Exercise Contractual Life Intrinsic Options outstanding, January 1, 2016 211,185 $ 6.57 6.0 Granted 29,500 7.24 Forfeited (13,787 ) 5.90 Exercised 0 0 Expired (8,598 ) 12.84 Options outstanding, December 31, 2016 218,300 $ 6.35 6.0 $ 378,288 Granted 86,790 10.08 Forfeited (1,195 ) 8.43 Exercised (43,244 ) 5.85 Expired (9,625 ) 13.76 Options outstanding, December 31, 2017 251,026 $ 7.43 6.73 $ 753,229 Options exercisable, December 31, 2017 251,026 $ 7.43 6.73 $ 753,229 (1) The aggregate intrinsic value of a stock option in the table above represents the total pre-tax

Earnings per Share (Tables)

Earnings per Share (Tables)	12 Months Ended
	Dec. 31, 2017
Weighted Average Number of Shares Used in Computing Earnings per Share	The following table shows the weighted average number of shares used in computing earnings per share and the effect on the weighted average number of shares of dilutive potential common stock. December 31, 2017 December 31, 2016 Average Per share Average Per share Basic earnings per share 9,399,223 $ (0.14 ) 4,774,856 $ 0.53 Effect of dilutive securities: Stock options — 25,090 Diluted earnings per share 9,399,223 $ (0.14 ) 4,799,946 $ 0.53

Related Parties (Tables)

Related Parties (Tables)	12 Months Ended
	Dec. 31, 2017
Summary of Related Party Transactions	(Dollars in thousands Balance, January 1, 2017 $ 8,863 New loans and extensions to existing loans 25 Repayments and other reductions (1,534 ) Balance, December 31, 2017 $ 7,354

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	12 Months Ended
	Dec. 31, 2017
Schedule of Balances of Financial Assets and Liabilities Measured at Fair Value on Recurring Basis	The following table presents the balances of financial assets and liabilities measured at fair value on a recurring basis as of December 31, 2017 and December 31, 2016: (Dollars in thousands) Fair Value Measurements at December 31, 2017 Using Description Balance Level 1 Level 2 Level 3 Securities available-for-sale: Corporate bonds $ 6,717 $ — $ — $ 6,717 U. S. Government agencies and mortgage backed securities 49,283 — 49,283 — State and municipal obligations 21,153 — 21,153 — Total securities available-for-sale: $ 77,153 $ — $ 70,436 $ 6,717 Mortgage servicing rights $ 999 $ — $ — $ 999 Defined benefit plan assets: Mutual funds - fixed income 994 994 — — Mutual funds - equity 1,471 1,471 — — Total defined benefit plan assets $ 2,465 $ 2,465 $ — $ — 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: (Dollars in thousands) MSRs Corporate Balance, January 1, 2017 $ 671 $ 7,704 Purchases — — Acquired in merger 324 — Impairments — — Fair value adjustments 4 13 Sales — (1,000 ) Balance, December 31, 2017 $ 999 $ 6,717 (Dollars in thousands) MSRs Corporate Balance, January 1, 2016 $ 658 $ 3,945 Purchases — 3,750 Impairments — — Fair value adjustments 13 9 Sales — — Balance, December 31, 2016 $ 671 $ 7,704
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 December 31, 2017 Level 1 Level 2 Level 3 Impaired Loans, net $ 3,491 $ — $ — $ 3,491 Other real estate owned, net 4,284 — — 4,284 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 December 31, 2017: (Dollars in thousands) Balance as of Valuation Technique Unobservable Input Range (Weighted Impaired Loans, net $ 3,491 Discounted appraised value Selling Cost 6% - 20% (16%) Lack of Marketability 50% - 90% (65%) Other real estate owned, net 4,284 Discounted appraised value Selling Cost 3% - 13% (8%) Lack of Marketability 10% - 100% (16%) The following table displays quantitative information about Level 3 Fair Value Measurements as of December 31, 2016: (Dollars in thousands) Balance as of Valuation Technique Unobservable Input Range (Weighted 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 December 31, 2017 Using (Dollars in thousands) Balance as of Fair Value as of Description December 31, 2017 December 31, 2017 Level 1 Level 2 Level 3 Financial Assets: Cash and due from banks $ 9,396 $ 9,396 $ 9,396 $ — $ — Interest-bearing deposits 41,971 41,971 41,971 — — Certificates of deposit 3,224 3,224 — 3,224 — Federal funds sold 6,961 6,961 6,961 — — Securities available-for-sale 77,153 77,153 — 70,436 6,717 Restricted securities 5,787 5,787 — — 5,787 Loans, net 758,726 774,099 — — 774,099 Loans held for sale 1,651 1,651 — — 1,651 Accrued interest receivable 3,194 3,194 — 3,194 — Mortgage servicing rights 999 999 — — 999 Financial Liabilities: Non-interest-bearing $ 103,037 $ 103,037 $ 103,037 $ — $ — Savings and other interest-bearing deposits 299,820 299,820 — 299,820 — Time deposits 358,989 356,450 — — 356,450 Securities sold under repurchase agreements 9,498 9,498 — 9,498 — FHLB advances 70,000 70,486 — 70,486 — Subordinated debt 6,877 7,000 — — 7,000 Accrued interest payable 318 318 — 318 — Fair Value Measurements at December 31, 2017 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 7,501 7,501 7,501 — — Certificates of deposit 4,216 4,216 — 4,216 — Federal funds sold 2,350 2,350 2,350 — — Securities available-for-sale 51,173 51,173 — 43,469 7,704 Restricted securities 2,649 2,649 — — 2,649 Loans, net 381,537 384,468 — — 384,468 Loans held for sale 276 276 — — 276 Accrued interest receivable 1,372 1,372 — 1,372 — 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 —

Leases (Tables)

Leases (Tables)	12 Months Ended
	Dec. 31, 2017
Future Minimum Lease payments for Long-term Non-cancelable Lease agreements	the following is a schedule, by year, of future minimum lease payments required under the long-term non-cancelable 2018 341 2019 270 2020 262 2021 270 2022 160 1,303

Condensed Financial Informati53

Condensed Financial Information of Parent Company (Tables)	12 Months Ended
	Dec. 31, 2017
Condensed Balance Sheets	Financial information pertaining only to Bay Banks of Virginia, Inc. is as follows: Condensed Balance Sheets December 31, 2017 December 31, 2016 Assets Cash and due from non-affiliated $ 24,475 $ 990 Interest-bearing deposits 609 168 Certificates of deposit — 1,240 Investments in subsidiaries 96,539 45,510 Other assets 2,002 1,680 Total assets $ 123,625 $ 49,588 Liabilities and Shareholders’ Equity Liabilities Subordinated debt $ 6,877 $ 6,860 Deferred directors’ compensation 901 561 Other borrowings 1,129 — Other liabilities 162 462 Total liabilities 9,069 7,883 Total shareholders’ equity 114,556 41,705 Total liabilities and shareholders’ equity $ 123,625 $ 49,588
Condensed Statements of Operations	(Dollars in thousands) Condensed Statements of Operations Years ended December 31, 2017 2016 Interest income $ 2 $ 17 Interest expense 481 472 Net interest expense (479 ) (455 ) Non-interest 857 678 Non-interest 1,752 1,261 Loss before income taxes and equity in undistributed earnings of subsidiaries (1,374 ) (1,038 ) Income tax benefit (340 ) (194 ) Loss before equity in undistributed earnings of subsidiaries (1,034 ) (844 ) Equity in undistributed earnings of subsidiaries (238 ) 3,379 Net income (loss) $ (1,272 ) $ 2,535
Condensed Statements of Cash Flows	(Dollars in thousands) Condensed Statements of Cash Flows Years ended December 31, 2017 2016 Cash Flows from Operating Activities: Net income (loss) $ (1,272 ) $ 2,535 Adjustments to reconcile net income (loss) to net cash provided by operating activities: Amortization of debt issuance costs 17 16 Stock-based compensation 200 60 Equity in undistributed earnings of subsidiaries 238 (3,379 ) Decrease (increase) in other assets (324 ) 240 Net change in deferred directors’ compensation 340 83 (Decrease) increase in other liabilities (300 ) (688 ) Net cash used in operating activities (1,101 ) (1,133 ) Cash Flows from Investing Activities: Maturities (purchases) of certificates of deposit 1,240 1,240 Investment in subsidiaries (8,750 ) (1,000 ) Net provided by (cash used) in investing activities (7,510 ) 240 Cash Flows from Financing Activities: Dividends paid and cash in lieu of stock (1,431 ) — Stock options exercised 253 — Issuance of stock, net 32,804 — ESOP loans acquired from VBC 911 — Net cash provided by financing activities 32,537 — Net decrease in cash and due from banks 23,926 (893 ) Cash and cash equivalents at January 1 1,158 2,051 Cash and cash equivalents at December 31 $ 25,084 $ 1,158

Accumulated Other Comprehensi54

Accumulated Other Comprehensive Loss, net (Tables)	12 Months Ended
	Dec. 31, 2017
Balances in Accumulated Other Comprehensive Income (Loss)	The balances in accumulated other comprehensive income (loss) are shown in the following table (dollars in thousands): Net Unrealized Pension and Post-retirement Accumulated Other Balance January 1, 2016 $ 107 $ (883 ) $ (776 ) Change in net unrealized holding losses on securities, before reclassification, net of tax benefit of $175 (340 ) — (340 ) Reclassification for previously unrealized net gains recognized in income, net of tax expense of $148 (287 ) — (287 ) Net gain on pension and postretirement plans, net of tax expense of $87 — 168 168 Balance December 31, 2016 (520 ) (715 ) (1,235 ) Change in net unrealized holding gains on securities, before reclassification, net of tax expense of $30 114 — 114 Reclassification for previously unrealized net gains recognized in income, net of tax expense of $0 (2 ) — (2 ) Net gain on pension and postretirement plans, net of tax expense of $41 — 155 155 Net current period other comprehensive gain (loss) 112 155 267 Tax Cuts and Jobs Act of 2017, reclassification from AOCI to retained earnings, tax effect (81 ) (107 ) (188 ) Balance at December 31, 2017 $ (489 ) $ (667 ) $ (1,156 )
Reclassification of Unrealized Gains and Impairments on Securities and Pension and Postemployment Related Costs	Reclassification for previously unrealized gains and impairments on securities and pension and postemployment related costs are reported in the consolidated statements of comprehensive income (loss) as follows: Accumulated Other Comprehensive Income (Loss) (Dollars in thousands) Holding gains (losses) Pension and Net gains on sales of securities available-for-securities $ 2 $ — Salaries and employee benefits — (81 ) Tax (expense) benefit — 28 Impact on net income $ 2 $ (53 ) Accumulated Other Comprehensive Income (Loss) (Dollars in thousands) Holding gains (losses) Pension and Net gains on sale of securities available-for-securities $ 435 $ — Salaries and employee benefits — (77 ) Tax (expense) benefit (148 ) 26 Impact on net income $ 287 $ (51 )

Organization and Presentation -

Organization and Presentation - Additional Information (Detail)	12 Months Ended
	Dec. 31, 2017Subsidiary
Organization And Basis Of Presentation [Line Items]
Number of active subsidiaries	2

Business Combination - Addition

Business Combination - Additional Information (Detail) - USD ($) $ in Thousands	Apr. 01, 2017	Mar. 31, 2017	Dec. 31, 2017	Dec. 31, 2016	Jun. 30, 2017
Business Acquisition [Line Items]
Goodwill during acquisition			$ 10,374	$ 2,808
Loans acquired held for sale			1,651	276
Acquisition related expenses			$ 1,976	$ 575
Core Deposits
Business Acquisition [Line Items]
Weighted average life of core deposit intangible			92 months
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	$ 7,600
Fair value maximum refinement period post acquisition	1 year
Fair value of acquired loans not accounted for as debt securities	$ 266,100
Discount on pool	2,200
Increase in deferred tax assets	735
Increase in previously disclosed goodwill	1,400
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		$ 174	$ 2,000
Virginia BanCorp | PCI 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

Business Combination - Schedule

Business Combination - Schedule of Fair Value of Assets Acquired and Liabilities Assumed (Detail) - USD ($) $ in Thousands	Apr. 01, 2017	Dec. 31, 2017	Dec. 31, 2016
Identifiable liabilities assumed:
Goodwill resulting from acquisition		$ 10,374	$ 2,808
Parent 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	210,411
Loans held for sale	55,648
Deferred income taxes	1,580
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	365
Total identified assets acquired	329,135
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	34,681
Goodwill resulting from acquisition	7,566
Fair Value and Reclassification Adjustment
Identifiable assets acquired:
Loans receivable	(62,068)
Loans held for sale	55,648
Deferred income taxes	255
Premises and equipment	2,703
Accrued interest receivable	(24)
Core deposit intangible	3,670
Total identified assets acquired	184
Identifiable liabilities assumed:
Time deposits	733
Total identifiable liabilities assumed	733
Total identifiable assets assumed	(549)
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	365
Total identified assets acquired	328,951
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	$ 35,230

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	$ 266,100
PCI 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 - Schedu59

Business Combination - Schedule of Pro Forma Financial Information (Detail) - Virginia Commonwealth Bank - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016
Business Acquisition, Pro Forma Information, Nonrecurring Adjustment [Line Items]
Net interest income	$ 27,169	$ 27,342
Net income	$ 1,825	$ 6,182

Business Combination - Summar60

Business Combination - Summary of impact of Certain Acquisition Accounting Adjustments (Detail) - USD ($) $ in Thousands		12 Months Ended
		Dec. 31, 2017	Dec. 31, 2016
Business Acquisition, Pro Forma Information [Line Items]
(Loss) income before income taxes		$ (475)	$ 3,501
Virginia Commonwealth Bank
Business Acquisition, Pro Forma Information [Line Items]
Loans	[1]	1,907
Core deposit intangible	[2]	(679)
Time deposits	[3]	307
Depreciation	[4]	(30)
(Loss) income before income taxes		$ 1,505
[1]	Loan discount accretion is included in the "Loans, including fees" section of "Interest Income" in the consolidated statements of operations.
[2]	Premium amortization is included in "Other expense" section of "Non-Interest Expenses" in the consolidated statements of operations.
[3]	Time deposit premium amortization is included in the "Deposits" section of "Interest Expense" in the consolidated statements of operations.
[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 operations.

Significant Accounting Polici61

Significant Accounting Policies - Additional Information (Detail)	12 Months Ended
	Dec. 31, 2017USD ($)	Dec. 31, 2016USD ($)	Dec. 31, 2000Branch
Significant Accounting Policies [Line Items]
Interest-Bearing Deposits in Banks, maturity period	1 year
Secured borrowings maturity period under repurchase agreements	1 year
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) any loan risk rated Special Mention or worse where the borrower has filed for bankruptcy; (2) all loans risk rated Substandard or worse with balances of $400 thousand or more; and (3) all loans classified as a TDR.
Loan Receivables	$ 766,296,000	$ 161,033,000
Number of branches purchased during the years 1994 through 2000 | Branch			5
Deferred tax assets valuation allowance	$ 0
Number of ESOP unit	2
Advertising expense	$ 664,000	197,000
Accounting Standards Update 2018-02 | Retained Earnings
Significant Accounting Policies [Line Items]
Cumulative effect of change in retained earnings and AOCI	188,000
Accounting Standards Update 2018-02 | Accumulated Other Comprehensive Income (Loss)
Significant Accounting Policies [Line Items]
Cumulative effect of change in retained earnings and AOCI	(188,000)
Substandard
Significant Accounting Policies [Line Items]
Loan Receivables	$ 11,371,000	4,778,000
Core Deposits
Significant Accounting Policies [Line Items]
Amortization of intangible assets, estimated useful life	92 months
Residential First Mortgages
Significant Accounting Policies [Line Items]
Minimum balance in order to assign a risk rating grade	$ 1,000,000	1,000,000
Consumer and Other Loans
Significant Accounting Policies [Line Items]
Minimum balance in order to assign a risk rating grade	$ 250,000	$ 250,000
Minimum
Significant Accounting Policies [Line Items]
Number of days past due for a loan to remain on accrual status	90 days
Real estate properties acquired through, or in lieu of, loan foreclosure, valuation period	2 years
Minimum | Building
Significant Accounting Policies [Line Items]
Estimated useful lives	10 years
Minimum | Furniture and Equipment
Significant Accounting Policies [Line Items]
Estimated useful lives	3 years
Minimum | Substandard
Significant Accounting Policies [Line Items]
Loan Receivables	$ 400,000
Maximum | Building
Significant Accounting Policies [Line Items]
Estimated useful lives	40 years
Maximum | Furniture and Equipment
Significant Accounting Policies [Line Items]
Estimated useful lives	10 years

Intangible Assets - Additional

Intangible Assets - Additional Information (Detail)	Apr. 01, 2017USD ($)	Dec. 31, 2017USD ($)	Dec. 31, 2016USD ($)	Dec. 31, 2000Branch
Schedule of Goodwill and Purchased Intangible Assets [Line Items]
Number of branches purchased during the years 1994 through 2000 | Branch				5
Goodwill		$ 10,374,000	$ 2,808,000
Impairment of intangible assets		0
Amortization expense		679,000
Virginia BanCorp
Schedule of Goodwill and Purchased Intangible Assets [Line Items]
Acquisition of goodwill	$ 7,600,000
Goodwill		$ 10,400,000	2,800,000
Core Deposits
Schedule of Goodwill and Purchased Intangible Assets [Line Items]
Core deposit intangibles, estimated useful life		92 months
Amortization expense		$ 679,000	$ 0
Core Deposits | Virginia BanCorp
Schedule of Goodwill and Purchased Intangible Assets [Line Items]
Acquisition of intangible assets	$ 3,700,000

Intangible Assets - Information

Intangible Assets - Information Concerning Intangible Assets With a Finite Life (Detail) - USD ($) $ in Thousands	Dec. 31, 2017	Dec. 31, 2016
Schedule of Goodwill and Purchased Intangible Assets [Line Items]
Gross Carrying Value	$ 4,669
Accumulated Amortization	679
Net Carrying Value	3,990
Core Deposits
Schedule of Goodwill and Purchased Intangible Assets [Line Items]
Gross Carrying Value	3,670
Accumulated Amortization	679
Net Carrying Value	2,991
Other Intangible Assets
Schedule of Goodwill and Purchased Intangible Assets [Line Items]
Gross Carrying Value	999	$ 671
Net Carrying Value	$ 999	$ 671

Intangible Assets - Estimated R

Intangible Assets - Estimated Remaining Amortization Expense (Detail) $ in Thousands	Dec. 31, 2017USD ($)
Schedule of Goodwill and Purchased Intangible Assets [Line Items]
Total estimated amortization expense	$ 3,990
Core Deposits
Schedule of Goodwill and Purchased Intangible Assets [Line Items]
2,018	798
2,019	674
2,020	551
2,021	427
2,022	304
Thereafter	237
Total estimated amortization expense	$ 2,991

Investment Securities - Aggrega

Investment Securities - Aggregate Amortized Cost and Fair Values of Available-for-Sale Securities Portfolio (Detail) - USD ($) $ in Thousands	Dec. 31, 2017	Dec. 31, 2016
Schedule of Available-for-sale Securities [Line Items]
Amortized Cost	$ 77,773	$ 51,929
Gross Unrealized Gains	224	116
Gross Unrealized (Losses)	(844)	(872)
Fair Value	77,153	51,173
Corporate Bonds
Schedule of Available-for-sale Securities [Line Items]
Amortized Cost	6,696	7,695
Gross Unrealized Gains	23	14
Gross Unrealized (Losses)	(2)	(5)
Fair Value	6,717	7,704
US Government Agencies Agencies and Mortgage Backed Securities
Schedule of Available-for-sale Securities [Line Items]
Amortized Cost	49,964	25,668
Gross Unrealized Gains	6	53
Gross Unrealized (Losses)	(687)	(408)
Fair Value	49,283	25,313
State and Municipal Obligations
Schedule of Available-for-sale Securities [Line Items]
Amortized Cost	21,113	18,566
Gross Unrealized Gains	195	49
Gross Unrealized (Losses)	(155)	(459)
Fair Value	$ 21,153	$ 18,156

Investment Securities - Gross R

Investment Securities - Gross Realized Gains and Gross Realized Losses on Sales of Securities (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016
Schedule of Available-for-sale Securities [Line Items]
Gross realized gains	$ 7	$ 445
Gross realized losses	(5)	(10)
Net realized gains	2	435
Aggregate proceeds	$ 17,937	$ 19,509

Investment Securities - Aggre67

Investment Securities - Aggregate Amortized Cost and Market Values of Investment Securities Portfolio by Contractual Maturity (Detail) - USD ($) $ in Thousands	Dec. 31, 2017	Dec. 31, 2016
Schedule of Available-for-sale Securities [Line Items]
Due in one year or less, Amortized Cost	$ 3,583
Due after one year through five years, Amortized Cost	37,746
Due after five through ten years, Amortized Cost	28,442
Due after ten years, Amortized Cost	8,002
Amortized Cost	77,773	$ 51,929
Due in one year or less, Fair Value	3,514
Due after one year through five years, Fair Value	37,425
Due after five through ten years, Fair Value	28,250
Due after ten years, Fair Value	7,964
Fair Value	$ 77,153	$ 51,173

Investment Securities - Additio

Investment Securities - Additional Information (Detail) $ in Thousands	12 Months Ended
	Dec. 31, 2017USD ($)Bond	Dec. 31, 2016USD ($)Bond
Schedule of Available-for-sale Securities [Line Items]
Average yields (taxable equivalent) on securities	3.02%	3.09%
Market value of securities	$ 19,400	$ 19,100
Securities sold under repurchase agreements	9,498	18,310
Company's investment in Federal Home Loan Bank stock	3,700	1,900
Company's investment in Federal Reserve Bank stock	$ 1,900	$ 580
Municipal Securities
Schedule of Available-for-sale Securities [Line Items]
Bonds with unrealized loss positions | Bond		39
US Government Agencies
Schedule of Available-for-sale Securities [Line Items]
Bonds with unrealized loss positions | Bond		37
Corporate Bonds
Schedule of Available-for-sale Securities [Line Items]
Bonds with unrealized loss positions | Bond	1	1

Investment Securities - Unreali

Investment Securities - Unrealized Loss Positions (Detail) - USD ($) $ in Thousands	Dec. 31, 2017	Dec. 31, 2016
Schedule of Available-for-sale Securities [Line Items]
Less than 12 months, Fair Value	$ 28,304	$ 34,816
Less than 12 months, Unrealized Loss	(370)	(860)
12 months or more, Fair Value	21,971	1,308
12 months or more, Unrealized Loss	(474)	(12)
Fair Value, Total	50,275	36,124
Total Unrealized Loss	(844)	(872)
Corporate Bonds
Schedule of Available-for-sale Securities [Line Items]
Less than 12 months, Fair Value	498	995
Less than 12 months, Unrealized Loss	(2)	(5)
Fair Value, Total	498	995
Total Unrealized Loss	(2)	(5)
US Government Agencies
Schedule of Available-for-sale Securities [Line Items]
Less than 12 months, Fair Value	25,053	20,933
Less than 12 months, Unrealized Loss	(353)	(396)
12 months or more, Fair Value	16,184	1,308
12 months or more, Unrealized Loss	(334)	(12)
Fair Value, Total	41,237	22,241
Total Unrealized Loss	(687)	(408)
State and Municipal Obligations
Schedule of Available-for-sale Securities [Line Items]
Less than 12 months, Fair Value	2,753	12,888
Less than 12 months, Unrealized Loss	(15)	(459)
12 months or more, Fair Value	5,787
12 months or more, Unrealized Loss	(140)
Fair Value, Total	8,540	12,888
Total Unrealized Loss	$ (155)	$ (459)

Loans - Summary of Balances of

Loans - Summary of Balances of Loans (Detail) - USD ($) $ in Thousands	Dec. 31, 2017	Dec. 31, 2016
Summary of balances of loans
Total loans	$ 766,296	$ 385,009
Net unamortized deferred loan costs	200	391
Allowance for loan losses	(7,770)	(3,863)
Loans, net	758,726	381,537
Construction, Land and Land Development
Summary of balances of loans
Total loans	66,042	39,818
Farmland
Summary of balances of loans
Total loans	923	1,023
Commercial Mortgages (Non-Owner Occupied)
Summary of balances of loans
Total loans	146,757	35,343
Commercial Mortgages (Owner Occupied)
Summary of balances of loans
Total loans	80,052	41,825
Residential First Mortgages
Summary of balances of loans
Total loans	269,365	194,007
Residential Revolving and Junior Mortgages
Summary of balances of loans
Total loans	46,498	26,425
Commercial and Industrial
Summary of balances of loans
Total loans	114,093	43,024
Consumer and Other Loans
Summary of balances of loans
Total loans	$ 42,566	$ 3,544

Loans - Additional Information

Loans - Additional Information (Detail)	12 Months Ended
	Dec. 31, 2017
Minimum
Accounts, Notes, Loans and Financing Receivable [Line Items]
Number of days past due for a loan to remain on accrual status	90 days

Loans - Recorded Investment in

Loans - Recorded Investment in Past Due and Non-accruing Loans (Detail) - USD ($) $ in Thousands	Dec. 31, 2017	Dec. 31, 2016
Accounts, Notes, Loans and Financing Receivable [Line Items]
30-89 Days Past Due	$ 4,511	$ 2,679
90 Days or More Past Due and Still Accruing	48
Nonaccruals	6,496	5,300
Total Past Due and Nonaccruals	11,055	7,979
Current	755,241	377,030
Total Gross Loans	766,296	385,009
Construction, Land and Land Development
Accounts, Notes, Loans and Financing Receivable [Line Items]
30-89 Days Past Due	261
Nonaccruals	1,237	623
Total Past Due and Nonaccruals	1,498	623
Current	64,544	39,195
Total Gross Loans	66,042	39,818
Farmland
Accounts, Notes, Loans and Financing Receivable [Line Items]
30-89 Days Past Due		57
90 Days or More Past Due and Still Accruing	48
Total Past Due and Nonaccruals	48	57
Current	875	966
Total Gross Loans	923	1,023
Commercial Mortgages (Non-Owner Occupied)
Accounts, Notes, Loans and Financing Receivable [Line Items]
30-89 Days Past Due	449
Total Past Due and Nonaccruals	449
Current	146,308	35,343
Total Gross Loans	146,757	35,343
Commercial Mortgages (Owner Occupied)
Accounts, Notes, Loans and Financing Receivable [Line Items]
30-89 Days Past Due	412	188
Nonaccruals	1,752	2,270
Total Past Due and Nonaccruals	2,164	2,458
Current	77,888	39,367
Total Gross Loans	80,052	41,825
Residential First Mortgages
Accounts, Notes, Loans and Financing Receivable [Line Items]
30-89 Days Past Due	2,321	1,546
Nonaccruals	1,942	2,155
Total Past Due and Nonaccruals	4,263	3,701
Current	265,102	190,306
Total Gross Loans	269,365	194,007
Residential Revolving and Junior Mortgages
Accounts, Notes, Loans and Financing Receivable [Line Items]
30-89 Days Past Due	449	480
Nonaccruals	1,338	160
Total Past Due and Nonaccruals	1,787	640
Current	44,711	25,785
Total Gross Loans	46,498	26,425
Commercial and Industrial
Accounts, Notes, Loans and Financing Receivable [Line Items]
30-89 Days Past Due	331	408
Nonaccruals	92	92
Total Past Due and Nonaccruals	423	500
Current	113,670	42,524
Total Gross Loans	114,093	43,024
Consumer and Other Loans
Accounts, Notes, Loans and Financing Receivable [Line Items]
30-89 Days Past Due	288
Nonaccruals	135
Total Past Due and Nonaccruals	423
Current	42,143	3,544
Total Gross Loans	$ 42,566	$ 3,544

Loans - Summary of Recorded Inv

Loans - Summary of Recorded Investment of Purchased Impaired Loans (Detail) - PCI Loans $ in Thousands	Dec. 31, 2017USD ($)
Financing Receivable, Impaired [Line Items]
30-89 Days Past Due	$ 510
90 Days or More Past Due and Still Accruing	165
Nonaccruals	0
Total Past Due and Nonaccruals	675
Current	5,150
Total Loans	5,825
Construction, Land and Land Development
Financing Receivable, Impaired [Line Items]
Current	1,405
Total Loans	1,405
Commercial Mortgages (Non-Owner Occupied)
Financing Receivable, Impaired [Line Items]
Current	171
Total Loans	171
Commercial Mortgages (Owner Occupied)
Financing Receivable, Impaired [Line Items]
30-89 Days Past Due	161
Total Past Due and Nonaccruals	161
Current	160
Total Loans	321
Residential First Mortgages
Financing Receivable, Impaired [Line Items]
30-89 Days Past Due	349
90 Days or More Past Due and Still Accruing	141
Total Past Due and Nonaccruals	490
Current	3,320
Total Loans	3,810
Residential Revolving and Junior Mortgages
Financing Receivable, Impaired [Line Items]
90 Days or More Past Due and Still Accruing	20
Total Past Due and Nonaccruals	20
Current	29
Total Loans	49
Consumer and Other Loans
Financing Receivable, Impaired [Line Items]
90 Days or More Past Due and Still Accruing	4
Total Past Due and Nonaccruals	4
Current	65
Total Loans	$ 69

Allowance for Loan Losses - All

Allowance for Loan Losses - Allowance for Loan Losses by Portfolio Segment (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016
Accounts, Notes, Loans and Financing Receivable [Line Items]
Beginning Balance	$ 3,863	$ 4,223
Reclassification of allowance related to sold loans		(27)
(Charge-offs)	(1,477)	(946)
Recoveries	450	326
Provision (recovery)	4,934	287
Ending Balance	7,770	3,863
Individually evaluated for impairment	1,094	895
Collectively evaluated for impairment	6,676	2,968
Mortgage Loans on Real Estate
Accounts, Notes, Loans and Financing Receivable [Line Items]
Beginning Balance	3,318	3,502
(Charge-offs)	(577)	(735)
Recoveries	91	254
Provision (recovery)	1,032	297
Ending Balance	3,864	3,318
Individually evaluated for impairment	861	803
Collectively evaluated for impairment	3,003	2,515
Commercial and Industrial
Accounts, Notes, Loans and Financing Receivable [Line Items]
Beginning Balance	493	599
(Charge-offs)	(729)	(158)
Recoveries	263	61
Provision (recovery)	851	(9)
Ending Balance	878	493
Individually evaluated for impairment	92	92
Collectively evaluated for impairment	786	401
Consumer and Other Loans
Accounts, Notes, Loans and Financing Receivable [Line Items]
Beginning Balance	52	122
Reclassification of allowance related to sold loans		(27)
(Charge-offs)	(171)	(53)
Recoveries	96	11
Provision (recovery)	3,051	(1)
Ending Balance	3,028	52
Individually evaluated for impairment	141
Collectively evaluated for impairment	$ 2,887	$ 52

Allowance for Loan Losses - Add

Allowance for Loan Losses - Additional Information (Detail)	12 Months Ended
	Dec. 31, 2017USD ($)Contract	Dec. 31, 2016USD ($)Contract
Accounts, Notes, Loans and Financing Receivable [Line Items]
Charge-offs	$ 1,477,000	$ 946,000
Period of nonperforming loans	90 days
Non-accruing loans excluded from impaired loan		465,000
Non-accruing loans accrued interest		$ 5,000
Number of trouble debt restructurings | Contract	18	16
Aggregate balance of trouble debt restructuring	$ 4,100,000	$ 3,200,000
Minimum
Accounts, Notes, Loans and Financing Receivable [Line Items]
Number of days loans are past due	90 days
Virginia BanCorp
Accounts, Notes, Loans and Financing Receivable [Line Items]
Charge-offs	$ 696,000
Nonperforming
Accounts, Notes, Loans and Financing Receivable [Line Items]
Number of trouble debt restructurings | Contract	11	9
Aggregate balance of trouble debt restructuring	$ 2,600,000	$ 1,100,000
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]
Charge-offs	171,000	53,000
Minimum balance in order to assign a risk rating grade	$ 250,000	$ 250,000

Allowance for Loan Losses - Loa

Allowance for Loan Losses - Loan Receivables Evaluated for Impairment Individually and Collectively by Segment (Detail) - USD ($) $ in Thousands	Dec. 31, 2017	Dec. 31, 2016
Accounts, Notes, Loans and Financing Receivable [Line Items]
Individually evaluated for impairment	$ 9,107	$ 10,415
Collectively evaluated for impairment	751,364	374,594
Loans acquired with deteriorated credit quality	5,825
Total Gross Loans	766,296	385,009
Mortgage Loans on Real Estate
Accounts, Notes, Loans and Financing Receivable [Line Items]
Individually evaluated for impairment	8,874	10,323
Collectively evaluated for impairment	595,007	328,118
Loans acquired with deteriorated credit quality	5,756
Total Gross Loans	609,637	338,441
Commercial and Industrial
Accounts, Notes, Loans and Financing Receivable [Line Items]
Individually evaluated for impairment	92	92
Collectively evaluated for impairment	114,001	42,932
Total Gross Loans	114,093	43,024
Consumer and Other Loans
Accounts, Notes, Loans and Financing Receivable [Line Items]
Individually evaluated for impairment	141
Collectively evaluated for impairment	42,356	3,544
Loans acquired with deteriorated credit quality	69
Total Gross Loans	$ 42,566	$ 3,544

Allowance for Loan Losses - Cha

Allowance for Loan Losses - Changes in Accretable Yield for PCI Loans (Detail) - PCI Loans $ in Thousands	9 Months Ended
	Dec. 31, 2017USD ($)
Accounts, Notes, Loans and Financing Receivable [Line Items]
Balance Beginning	$ 1,354
Accretion	(267)
Reclassifications from nonaccretable balance, net	0
Other changes, net	0
Balance Ending	$ 1,087

Allowance for Loan Losses - Int

Allowance for Loan Losses - Internal Risk Rating Grades (Detail) - USD ($) $ in Thousands	Dec. 31, 2017	Dec. 31, 2016
INTERNAL RISK RATING GRADES
Loan Receivables	$ 766,296	$ 161,033
Pass
INTERNAL RISK RATING GRADES
Loan Receivables	688,214	135,703
Watch
INTERNAL RISK RATING GRADES
Loan Receivables	64,987	18,522
Special Mention
INTERNAL RISK RATING GRADES
Loan Receivables	1,724	2,030
Substandard
INTERNAL RISK RATING GRADES
Loan Receivables	11,371	4,778
Construction, Land and Land Development
INTERNAL RISK RATING GRADES
Loan Receivables	66,042	39,818
Construction, Land and Land Development | Pass
INTERNAL RISK RATING GRADES
Loan Receivables	55,949	32,009
Construction, Land and Land Development | Watch
INTERNAL RISK RATING GRADES
Loan Receivables	6,690	5,795
Construction, Land and Land Development | Special Mention
INTERNAL RISK RATING GRADES
Loan Receivables	172	180
Construction, Land and Land Development | Substandard
INTERNAL RISK RATING GRADES
Loan Receivables	3,231	1,834
Farmland
INTERNAL RISK RATING GRADES
Loan Receivables	923	1,023
Farmland | Pass
INTERNAL RISK RATING GRADES
Loan Receivables	923	1,023
Commercial Mortgages (Non-Owner Occupied)
INTERNAL RISK RATING GRADES
Loan Receivables	146,757	35,343
Commercial Mortgages (Non-Owner Occupied) | Pass
INTERNAL RISK RATING GRADES
Loan Receivables	140,625	30,639
Commercial Mortgages (Non-Owner Occupied) | Watch
INTERNAL RISK RATING GRADES
Loan Receivables	5,931	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	201	248
Commercial Mortgages (Owner Occupied)
INTERNAL RISK RATING GRADES
Loan Receivables	80,052	41,825
Commercial Mortgages (Owner Occupied) | Pass
INTERNAL RISK RATING GRADES
Loan Receivables	67,732	31,191
Commercial Mortgages (Owner Occupied) | Watch
INTERNAL RISK RATING GRADES
Loan Receivables	10,076	6,652
Commercial Mortgages (Owner Occupied) | Special Mention
INTERNAL RISK RATING GRADES
Loan Receivables		1,453
Commercial Mortgages (Owner Occupied) | Substandard
INTERNAL RISK RATING GRADES
Loan Receivables	2,244	2,529
Commercial and Industrial
INTERNAL RISK RATING GRADES
Loan Receivables	114,093	43,024
Commercial and Industrial | Pass
INTERNAL RISK RATING GRADES
Loan Receivables	110,281	40,841
Commercial and Industrial | Watch
INTERNAL RISK RATING GRADES
Loan Receivables	2,373	1,891
Commercial and Industrial | Special Mention
INTERNAL RISK RATING GRADES
Loan Receivables	1,347	125
Commercial and Industrial | Substandard
INTERNAL RISK RATING GRADES
Loan Receivables	92	$ 167
Residential First Mortgages
INTERNAL RISK RATING GRADES
Loan Receivables	269,365
Residential First Mortgages | Pass
INTERNAL RISK RATING GRADES
Loan Receivables	256,614
Residential First Mortgages | Watch
INTERNAL RISK RATING GRADES
Loan Receivables	8,624
Residential First Mortgages | Special Mention
INTERNAL RISK RATING GRADES
Loan Receivables	205
Residential First Mortgages | Substandard
INTERNAL RISK RATING GRADES
Loan Receivables	3,922
Residential Revolving and Junior Mortgages
INTERNAL RISK RATING GRADES
Loan Receivables	46,498
Residential Revolving and Junior Mortgages | Pass
INTERNAL RISK RATING GRADES
Loan Receivables	43,659
Residential Revolving and Junior Mortgages | Watch
INTERNAL RISK RATING GRADES
Loan Receivables	1,376
Residential Revolving and Junior Mortgages | Substandard
INTERNAL RISK RATING GRADES
Loan Receivables	1,463
Consumer and Other Loans
INTERNAL RISK RATING GRADES
Loan Receivables	42,566
Consumer and Other Loans | Pass
INTERNAL RISK RATING GRADES
Loan Receivables	12,431
Consumer and Other Loans | Watch
INTERNAL RISK RATING GRADES
Loan Receivables	29,917
Consumer and Other Loans | Substandard
INTERNAL RISK RATING GRADES
Loan Receivables	$ 218

Allowance for Loan Losses - Per

Allowance for Loan Losses - Performing and Non Performing Loans (Detail) $ in Thousands	Dec. 31, 2016USD ($)
Performing and non performing loans
Loan receivables	$ 223,976
Performing
Performing and non performing loans
Loan receivables	221,661
Nonperforming
Performing and non performing loans
Loan receivables	2,315
Residential First Mortgages
Performing and non performing loans
Loan receivables	194,007	[1]
Residential First Mortgages | Performing
Performing and non performing loans
Loan receivables	191,852	[1]
Residential First Mortgages | Nonperforming
Performing and non performing loans
Loan receivables	2,155	[1]
Residential Revolving and Junior Mortgages
Performing and non performing loans
Loan receivables	26,425	[2]
Residential Revolving and Junior Mortgages | Performing
Performing and non performing loans
Loan receivables	26,265	[2]
Residential Revolving and Junior Mortgages | Nonperforming
Performing and non performing loans
Loan receivables	160	[2]
Consumer and Other Loans
Performing and non performing loans
Loan receivables	3,544	[3]
Consumer and Other Loans | Performing
Performing and non performing loans
Loan receivables	$ 3,544	[3]
[1]	Residential First Mortgages which have been assigned a risk rating grade of Substandard totaled $3.3 million as of December 31, 2016.
[2]	Residential Revolving and Junior Mortgages which have been assigned a risk rating grade of Substandard totaled $1.1 million as of December 31, 2016.
[3]	No Consumer Loans had been assigned a risk rating grade of Substandard as of December 31, 2016.

Allowance for Loan Losses - P80

Allowance for Loan Losses - Performing and Non Performing Loans (Parenthetical) (Detail) $ in Thousands	Dec. 31, 2016USD ($)
Accounts, Notes, Loans and Financing Receivable [Line Items]
Risk rating grade totaled	$ 223,976
Residential First Mortgages
Accounts, Notes, Loans and Financing Receivable [Line Items]
Risk rating grade totaled	194,007	[1]
Residential First Mortgages | Substandard
Accounts, Notes, Loans and Financing Receivable [Line Items]
Risk rating grade totaled	3,300
Residential Revolving and Junior Mortgages
Accounts, Notes, Loans and Financing Receivable [Line Items]
Risk rating grade totaled	26,425	[2]
Residential Revolving and Junior Mortgages | Substandard
Accounts, Notes, Loans and Financing Receivable [Line Items]
Risk rating grade totaled	1,100
Consumer and Other Loans
Accounts, Notes, Loans and Financing Receivable [Line Items]
Risk rating grade totaled	3,544	[3]
Consumer and Other Loans | Substandard
Accounts, Notes, Loans and Financing Receivable [Line Items]
Risk rating grade totaled	$ 0
[1]	Residential First Mortgages which have been assigned a risk rating grade of Substandard totaled $3.3 million as of December 31, 2016.
[2]	Residential Revolving and Junior Mortgages which have been assigned a risk rating grade of Substandard totaled $1.1 million as of December 31, 2016.
[3]	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		12 Months Ended
		Dec. 31, 2017	Dec. 31, 2016
Accounts, Notes, Loans and Financing Receivable [Line Items]
With no related allowance, Recorded Investment		$ 4,523	$ 6,746
With no related allowance, Customers' Unpaid Principal Balance		5,251	7,140
With an allowance recorded, Recorded Investment		4,584	3,669
With an allowance recorded, Customers' Unpaid Principal Balance		4,694	3,738
With an allowance recorded, Related Allowance		1,094	895
Total Impaired Loans, Recorded Investment		9,107	10,415
Total Impaired Loans, Customers' Unpaid Principal Balance		9,945	10,878
Total Impaired Loans, Related Allowance		1,094	895
With no related allowance, Average Recorded Investment		4,948	6,189
With no related allowance, Interest Income Recognized		124	149
With an allowance recorded, Average Recorded Investment		4,556	3,349
With an allowance recorded, Interest Income Recognized		159	127
Total, Average Recorded Investment		9,504	9,538
Total, Interest Income Recognized		283	276
Construction, Land and Land Development
Accounts, Notes, Loans and Financing Receivable [Line Items]
With no related allowance, Recorded Investment		900	1,531
With no related allowance, Customers' Unpaid Principal Balance		1,378	1,539
With an allowance recorded, Recorded Investment		550	243
With an allowance recorded, Customers' Unpaid Principal Balance		621	286
With an allowance recorded, Related Allowance		137	145
Total Impaired Loans, Recorded Investment		1,450	1,774
Total Impaired Loans, Customers' Unpaid Principal Balance		1,999	1,825
Total Impaired Loans, Related Allowance		137	145
With no related allowance, Average Recorded Investment		1,282	1,316
With no related allowance, Interest Income Recognized		66	55
With an allowance recorded, Average Recorded Investment		572	253
With an allowance recorded, Interest Income Recognized		4	5
Total, Average Recorded Investment		1,854	1,569
Total, Interest Income Recognized		70	60
Residential First Mortgages
Accounts, Notes, Loans and Financing Receivable [Line Items]
With no related allowance, Recorded Investment		1,488	2,112
With no related allowance, Customers' Unpaid Principal Balance		1,488	2,176
With an allowance recorded, Recorded Investment		1,914	1,951
With an allowance recorded, Customers' Unpaid Principal Balance		1,914	1,951
With an allowance recorded, Related Allowance		367	367
Total Impaired Loans, Recorded Investment		3,402	4,063
Total Impaired Loans, Customers' Unpaid Principal Balance		3,402	4,127
Total Impaired Loans, Related Allowance		367	367
With no related allowance, Average Recorded Investment		1,449	1,956
With no related allowance, Interest Income Recognized		21	14
With an allowance recorded, Average Recorded Investment		1,932	1,956
With an allowance recorded, Interest Income Recognized		93	90
Total, Average Recorded Investment		3,381	3,912
Total, Interest Income Recognized		114	104
Residential Revolving and Junior Mortgages
Accounts, Notes, Loans and Financing Receivable [Line Items]
With no related allowance, Recorded Investment	[1]	414	995
With no related allowance, Customers' Unpaid Principal Balance	[1]	414	999
With an allowance recorded, Recorded Investment	[1]	1,340	544
With an allowance recorded, Customers' Unpaid Principal Balance	[1]	1,340	546
With an allowance recorded, Related Allowance	[1]	162	199
Total Impaired Loans, Recorded Investment	[1]	1,754	1,539
Total Impaired Loans, Customers' Unpaid Principal Balance	[1]	1,754	1,545
Total Impaired Loans, Related Allowance	[1]	162	199
With no related allowance, Average Recorded Investment	[1]	417	808
With no related allowance, Interest Income Recognized	[1]	5	38
With an allowance recorded, Average Recorded Investment	[1]	1,360	218
With an allowance recorded, Interest Income Recognized	[1]	44	9
Total, Average Recorded Investment	[1]	1,777	1,026
Total, Interest Income Recognized	[1]	49	47
Commercial Mortgages (Non-Owner Occupied)
Accounts, Notes, Loans and Financing Receivable [Line Items]
With no related allowance, Recorded Investment			248
With no related allowance, Customers' Unpaid Principal Balance			248
Total Impaired Loans, Recorded Investment			248
Total Impaired Loans, Customers' Unpaid Principal Balance			248
With no related allowance, Average Recorded Investment			251
With no related allowance, Interest Income Recognized			15
Total, Average Recorded Investment			251
Total, Interest Income Recognized			15
Commercial Mortgages (Owner Occupied)
Accounts, Notes, Loans and Financing Receivable [Line Items]
With no related allowance, Recorded Investment		1,721	1,860
With no related allowance, Customers' Unpaid Principal Balance		1,971	2,178
With an allowance recorded, Recorded Investment		547	839
With an allowance recorded, Customers' Unpaid Principal Balance		586	854
With an allowance recorded, Related Allowance		195	92
Total Impaired Loans, Recorded Investment		2,268	2,699
Total Impaired Loans, Customers' Unpaid Principal Balance		2,557	3,032
Total Impaired Loans, Related Allowance		195	92
With no related allowance, Average Recorded Investment		1,800	1,858
With no related allowance, Interest Income Recognized		32	27
With an allowance recorded, Average Recorded Investment		572	819
With an allowance recorded, Interest Income Recognized		12	22
Total, Average Recorded Investment		2,372	2,677
Total, Interest Income Recognized		44	49
Commercial and Industrial
Accounts, Notes, Loans and Financing Receivable [Line Items]
With an allowance recorded, Recorded Investment		92	92
With an allowance recorded, Customers' Unpaid Principal Balance		92	101
With an allowance recorded, Related Allowance		92	92
Total Impaired Loans, Recorded Investment		92	92
Total Impaired Loans, Customers' Unpaid Principal Balance		92	101
Total Impaired Loans, Related Allowance		92	92
With an allowance recorded, Average Recorded Investment		92	103
With an allowance recorded, Interest Income Recognized			1
Total, Average Recorded Investment		92	103
Total, Interest Income Recognized			$ 1
Consumer and Other Loans
Accounts, Notes, Loans and Financing Receivable [Line Items]
With an allowance recorded, Recorded Investment		141
With an allowance recorded, Customers' Unpaid Principal Balance		141
With an allowance recorded, Related Allowance		141
Total Impaired Loans, Recorded Investment		141
Total Impaired Loans, Customers' Unpaid Principal Balance		141
Total Impaired Loans, Related Allowance		141
With an allowance recorded, Average Recorded Investment		28
With an allowance recorded, Interest Income Recognized		6
Total, Average Recorded Investment		28
Total, Interest Income Recognized		$ 6
[1]	Junior mortgages include equity lines.

Allowance for Loan Losses - Sum

Allowance for Loan Losses - Summary of Troubled Debt Restructurings (Detail) $ in Thousands		12 Months Ended
		Dec. 31, 2017USD ($)Loan	Dec. 31, 2016USD ($)Loan
Residential First Mortgages
Accounts, Notes, Loans and Financing Receivable [Line Items]
Number of Loans | Loan	[1]	1	1
Pre-Modification Outstanding Recorded Investment	[1]	$ 820	$ 244
Post-Modification Outstanding Recorded Investment	[1]	$ 820	$ 244
Consumer and Other Loans
Accounts, Notes, Loans and Financing Receivable [Line Items]
Number of Loans | Loan	[1]	1
Pre-Modification Outstanding Recorded Investment	[1]	$ 147
Post-Modification Outstanding Recorded Investment	[1]	$ 147
Commercial Mortgages (Owner Occupied)
Accounts, Notes, Loans and Financing Receivable [Line Items]
Subsequently defaulted number of loans | Loan		0	0
Subsequently defaulted recorded investment		$ 0	$ 0
[1]	Modifications were an extention of the loan terms.

Other Real Estate Owned Net - N

Other Real Estate Owned Net - Net of Valuation Allowances for Losses on Foreclosed Assets (Detail) (Detail) - Valuation Allowance, Other Real Estate Owned - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016
Real Estate Owned And Other Repossessed Assets [Line Items]
Balance, beginning of year	$ 473	$ 621
Provision for losses	245	53
Charge-offs	(190)	(201)
Balance, end of period	$ 528	$ 473

Other Real Estate Owned Net - C

Other Real Estate Owned Net - Components of Expenses Applicable to Foreclosed Assets (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016
Real Estate Acquired Through Foreclosure Or Similar Procedures [Line Items]
Net (gain) loss on sales of real estate	$ (23)	$ 74
Provision for losses	245	53
Operating expenses, net of income	138	93
Total expenses	$ 360	$ 220

Other Real Estate Owned, Net -

Other Real Estate Owned, Net - Additional Information (Detail) $ in Thousands	12 Months Ended
	Dec. 31, 2017USD ($)Property	Dec. 31, 2016USD ($)Property	Apr. 30, 2015USD ($)
Other Real Estate [Line Items]
No. of Properties	29	14
Other assets
Other Real Estate [Line Items]
Properties marketed for sale, value | $			$ 403
Residential
Other Real Estate [Line Items]
Residential properties collateralized with loan	0	0
No. of Properties	5	2
Residential | Other assets
Other Real Estate [Line Items]
Properties marketed for sale, value | $	$ 708	$ 708
No. of Properties	1	1

Other Real Estate Owned Net - S

Other Real Estate Owned Net - Summary of Properties Included in Other Real Estate Owned (OREO) (Detail) $ in Thousands	Dec. 31, 2017USD ($)Property	Dec. 31, 2016USD ($)Property
Real Estate Properties [Line Items]
No. of Properties | Property	29	14
Carrying Value | $	$ 4,284	$ 2,494
Residential
Real Estate Properties [Line Items]
No. of Properties | Property	5	2
Carrying Value | $	$ 443	$ 891
Land lots
Real Estate Properties [Line Items]
No. of Properties | Property	20	7
Carrying Value | $	$ 3,223	$ 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 | $	$ 36	$ 55
Commercial properties
Real Estate Properties [Line Items]
No. of Properties | Property	2	3
Carrying Value | $	$ 527	$ 942

Premises and Equipment Net - Co

Premises and Equipment Net - Components of Premises and Equipment Included in Balance Sheets (Detail) - USD ($) $ in Thousands	Dec. 31, 2017	Dec. 31, 2016
Property, Plant and Equipment [Line Items]
Premises and equipment	$ 30,522	$ 24,894
Less accumulated depreciation	(12,656)	(14,050)
Premises and equipment, net	17,866	10,844
Land and Improvements
Property, Plant and Equipment [Line Items]
Premises and equipment	4,762	2,350
Buildings and Improvements
Property, Plant and Equipment [Line Items]
Premises and equipment	16,634	12,221
Furniture and Equipment
Property, Plant and Equipment [Line Items]
Premises and equipment	$ 9,126	$ 10,323

Premises and Equipment Net - Ad

Premises and Equipment Net - Additional Information (Detail) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016
Property, Plant and Equipment [Line Items]
Depreciation expense	$ 1.4	$ 1.1

Deposits - Additional Informati

Deposits - Additional Information (Detail) - USD ($) $ in Thousands	Dec. 31, 2017	Dec. 31, 2016
Cash And Short Term Investments [Line Items]
Aggregate amount of time deposits in denominations of $250000 or more	$ 58,700	$ 19,200
Overdraft demand deposits reclassified to loans	80	51
Wholesale deposits	$ 1,000	$ 8,500

Deposits - Schedule of Time Dep

Deposits - Schedule of Time Deposits Maturities (Detail) - USD ($) $ in Thousands	Dec. 31, 2017	Dec. 31, 2016
Investments [Line Items]
2,018	$ 235,751
2,019	30,986
2,020	54,022
2,021	25,991
2,022	12,239
Thereafter	0
Time deposits	$ 358,989	$ 128,050

Employee Benefit Plans - Additi

Employee Benefit Plans - Additional Information (Detail)	12 Months Ended
	Dec. 31, 2017USD ($)hplan	Dec. 31, 2016USD ($)
Defined Contribution Plan Disclosure [Line Items]
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
Fixed Income Funds
Defined Contribution Plan Disclosure [Line Items]
Targeted asset allocation percentage	40.00%
Equity Funds
Defined Contribution Plan Disclosure [Line Items]
Targeted asset allocation percentage	60.00%
401 (k) Retirement Plan
Defined Contribution Plan Disclosure [Line Items]
Number of retirement plan | plan	2
Pension Plan, Defined Benefit
Defined Contribution Plan Disclosure [Line Items]
Accumulated benefit obligation	$ 3,300,000	$ 3,400,000
Expected employer contribution	0
Other Postretirement Benefit Plan, Defined Benefit
Defined Contribution Plan Disclosure [Line Items]
Expected employer contribution	0
Expected employer contribution	$ 0
Termination date of plan	Mar. 31, 2018
Employer contributions	$ 6,000	8,000
Surviving Plan | 401 (k) Retirement Plan
Defined Contribution Plan Disclosure [Line Items]
Employer contributions	$ 277,000	$ 193,000
Surviving Plan | 401 (k) Retirement Plan | First 3% of Each Participant's Contributions
Defined Contribution Plan Disclosure [Line Items]
Matching contribution to defined contribution plan	100.00%
Percentage of employee's contributions	3.00%
Surviving Plan | 401 (k) Retirement Plan | Second 3% of Each Participant's Contributions
Defined Contribution Plan Disclosure [Line Items]
Matching contribution to defined contribution plan	50.00%
Percentage of employee's contributions	3.00%
Acquired Plan | 401 (k) Retirement Plan
Defined Contribution Plan Disclosure [Line Items]
Matching contribution to defined contribution plan	100.00%
Acquired Plan | 401 (k) Retirement Plan | Maximum
Defined Contribution Plan Disclosure [Line Items]
Percentage of employee's contributions	4.00%
Acquired Plan | 401 (k) Retirement Plan | Minimum
Defined Contribution Plan Disclosure [Line Items]
Number of hours of service eligible for defined contribution plan | h	1,000

Employee Benefit Plans - Change

Employee Benefit Plans - Change in Benefit Obligation (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016
Pension Plan, Defined Benefit
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Benefit obligation, beginning of year	$ 3,398	$ 3,488
Interest cost	121	134
Actuarial loss (gain)	323	17
Benefit payments	(581)	(279)
Settlement loss	12	38
Benefit obligation, end of year	3,273	3,398
Other Postretirement Benefit Plan, Defined Benefit
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Benefit obligation, beginning of year	540	668
Service cost	22	22
Interest cost	21	28
Actuarial loss (gain)	(120)	(170)
Benefit payments	(6)	(8)
Benefit obligation, end of year	$ 457	$ 540

Employee Benefit Plans - Chan93

Employee Benefit Plans - Change in Plan Assets (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Fair value of plan assets, beginning of year	$ 2,690
Fair value of plan assets, end of year	2,465	$ 2,690
Pension Plan, Defined Benefit
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Fair value of plan assets, beginning of year	2,690	2,806
Actual return on plan assets	356	163
Benefits payments	(581)	(279)
Fair value of plan assets, end of year	2,465	2,690
Other Postretirement Benefit Plan, Defined Benefit
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Employer contributions	6	8
Benefits payments	$ (6)	$ (8)

Employee Benefit Plans - Define

Employee Benefit Plans - Defined Benefit Plan (Detail) - USD ($) $ in Thousands	Dec. 31, 2017	Dec. 31, 2016
Pension Plan, Defined Benefit
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Funded status at the end of the year	$ (808)	$ (708)
Other Postretirement Benefit Plan, Defined Benefit
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Funded status at the end of the year	$ (457)	$ (540)

Employee Benefit Plans - Amount

Employee Benefit Plans - Amounts Recognized in Accumulated Other Comprehensive Loss (Income) (Detail) - USD ($) $ in Thousands	Dec. 31, 2017	Dec. 31, 2016
Pension Plan, Defined Benefit
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Net loss (gain)	$ 1,187	$ 1,316
Prior service cost	0	0
Net obligation at transition	0	0
Amount recognized	1,187	1,316
Other Postretirement Benefit Plan, Defined Benefit
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Net loss (gain)	(344)	(234)
Prior service cost	0	0
Net obligation at transition	0	0
Amount recognized	$ (344)	$ (234)

Employee Benefit Plans - Compon

Employee Benefit Plans - Components of Net Periodic Benefit Cost (Gain) (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016
Pension Plan, Defined Benefit
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Interest cost	$ 121	$ 134
Expected (return) on plan assets	(167)	(189)
Amortization of prior service cost	0	0
Recognized net loss due to settlement	195	90
Recognized net actuarial loss	81	77
Net periodic benefit (gain) cost	230	112
Other Postretirement Benefit Plan, Defined Benefit
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Service cost	22	22
Interest cost	21	28
Amortization of prior service cost	0	0
Amortization of net obligation at transition	(11)
Net periodic benefit (gain) cost	$ 32	$ 50

Employee Benefit Plans - Other

Employee Benefit Plans - Other Changes in Plan Assets and Benefit Obligations Recognized in Accumulated Other Comprehensive (Income) Loss (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016
Pension Plan, Defined Benefit
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Net (gain) loss	$ (130)	$ (86)
Amortization of prior service cost	0	0
Amortization of net obligation at transition	0	0
Total recognized in other comprehensive loss/(income)	(130)	(86)
Total recognized in net periodic benefit cost and other comprehensive loss/(income)	100	26
Other Postretirement Benefit Plan, Defined Benefit
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Net (gain) loss	(109)	(170)
Amortization of prior service cost	0	0
Amortization of net obligation at transition	0	0
Total recognized in other comprehensive loss/(income)	(109)	(170)
Total recognized in net periodic benefit cost and other comprehensive loss/(income)	$ (77)	$ (120)

Employee Benefit Plans - Weight

Employee Benefit Plans - Weighted-average Assumptions (Detail)	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016
Pension Plan, Defined Benefit
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Discount rate used for Net Periodic Pension Cost	4.00%	4.25%
Discount Rate used for Disclosure	3.50%	4.00%
Expected return on plan assets	7.25%	7.50%
Rate of compensation increase	0.00%	0.00%
Rate of compensation increase for net periodic pension cost	0.00%	0.00%
Expected future interest crediting rate	3.00%	3.00%
Other Postretirement Benefit Plan, Defined Benefit
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Discount rate used for Net Periodic Pension Cost	4.00%	4.25%
Discount Rate used for Disclosure	3.50%	4.00%
Rate of compensation increase	0.00%	0.00%
Rate of compensation increase for net periodic pension cost	0.00%	0.00%

Employee Benefit Plans - Estima

Employee Benefit Plans - Estimated Future Benefit Payments for Pension and Postretirement Plans (Detail) $ in Thousands	Dec. 31, 2017USD ($)
Pension Plan, Defined Benefit
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
2,018	$ 316
2,019	321
2,020	265
2,021	206
2,022	195
2023 - 2027	1,417
Other Postretirement Benefit Plan, Defined Benefit
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
2,018	6
2,019	7
2,020	7
2,021	7
2,022	6
2023 - 2027	$ 28

Financial Instruments With O100

Financial Instruments With Off-Balance Sheet Risk - Additional Information (Detail) - USD ($) $ in Thousands	Dec. 31, 2017	Dec. 31, 2016
Loan Purchase Commitments
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Outstanding loan commitment under financial instrument off balance sheet risk	$ 144,200	$ 38,200
Unused lines of Credit
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Outstanding loan commitment under financial instrument off balance sheet risk	$ 447	$ 452

Restrictions on Cash Due From B

Restrictions on Cash Due From Banks - Additional Information (Detail) - USD ($) $ in Thousands	Dec. 31, 2017	Dec. 31, 2016
Restricted Cash and Cash Equivalents Items [Line Items]
Federal Reserve	$ 13,500	$ 25

Other Borrowings - Additional I

Other Borrowings - Additional Information (Detail) - USD ($) $ in Thousands	Dec. 31, 2017	Dec. 31, 2016
Short-term Debt [Line Items]
Securities sold under repurchase agreements	$ 9,498	$ 18,310
Securities sold under agreements to repurchase, average rates	0.17%	0.16%
Unused lines of Credit
Short-term Debt [Line Items]
Unused lines of credit	$ 24,500	$ 21,500

Other Borrowings - Short-term B

Other Borrowings - Short-term Borrowings (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016
Balance outstanding at period-end	$ 9,498	$ 18,310
Maximum balance at any month end during the year	17,091	18,310
Average balance for the period	$ 11,001	$ 9,299
Weighted average rate for the period	0.17%	0.16%
Weighted average rate on borrowings at period end	0.21%	0.13%
Estimated fair value at year end	$ 9,498	$ 18,310

Debt - Additional Information (

Debt - Additional Information (Detail)	May 28, 2015USD ($)	Sep. 30, 2017USD ($)Loan	Jun. 30, 2017USD ($)Loan	Jan. 31, 2017USD ($)Loan	Dec. 31, 2017USD ($)Loan	Mar. 05, 2018USD ($)	Dec. 31, 2016USD ($)Loan
Debt Instrument [Line Items]
Federal Home Loan Bank advances					$ 70,000,000		$ 35,000,000
Number of FHLB debt advances | Loan					2		5
Number of payments for FHLB debt advances | Loan		3	3	3
Repayment on Federal Home Loan Bank advances		$ 5,000,000	$ 5,000,000	$ 5,000,000
Current Interest Rate					1.68%
Immediate available credit					$ 162,800,000
Total line of credit					$ 238,800,000
Weighted average interest rate					1.68%		1.49%
Subordinated Debt Due May 2025
Debt Instrument [Line Items]
Date	May 28, 2025
Current Interest Rate	6.50%				6.50%		6.50%
Debt instrument, face amount	$ 7,000,000				$ 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
Fixed Rate Credit | Federal Home Loan Bank Advances Six
Debt Instrument [Line Items]
Number of payments for FHLB debt advances | Loan					1
Repayment on Federal Home Loan Bank advances					$ 10,000,000
Date					Feb. 28, 2017
Fixed Rate Credit | Federal Home Loan Bank Advances Two
Debt Instrument [Line Items]
Federal Home Loan Bank advances					$ 60,000,000
Date					Jan. 2, 2018
Current Interest Rate					1.34%
One Point Forty Two Percent Fixed Rate Credit | Federal Home Loan Bank Advances Two
Debt Instrument [Line Items]
Federal Home Loan Bank advances					$ 60,000,000
One Point Forty Two Percent Fixed Rate Credit | Federal Home Loan Bank Advances Seven
Debt Instrument [Line Items]
Date					Feb. 2, 2018
Current Interest Rate					1.42%
One Point Forty Four Percent Fixed Rate Credit | Federal Home Loan Bank Advances Six
Debt Instrument [Line Items]
Federal Home Loan Bank advances					$ 60,000,000
One Point Forty Four Percent Fixed Rate Credit | Federal Home Loan Bank Advances Seven
Debt Instrument [Line Items]
Date					Mar. 5, 2018
Current Interest Rate					1.44%
One Point Sixty Three Percent Fixed Rate Credit | Federal Home Loan Bank Advances Seven
Debt Instrument [Line Items]
Date					Apr. 2, 2018
One Point Sixty Three Percent Fixed Rate Credit | Federal Home Loan Bank Advances Seven | Scenario, Forecast
Debt Instrument [Line Items]
Federal Home Loan Bank advances						$ 50,000,000
Current Interest Rate						1.63%

Debt - Advances of Debt (Detail

Debt - Advances of Debt (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016
Debt Instrument [Line Items]
Federal Home Loan Bank advances	$ 70,000	$ 35,000
Interest Rate	1.68%
Adjustable Rate Hybrid | Federal Home Loan Bank Advances One
Debt Instrument [Line Items]
Federal Home Loan Bank advances	$ 10,000
Originated	Apr. 12, 2013
Interest Rate	3.2575%
Date	Apr. 13, 2020
Fixed Rate Credit | Federal Home Loan Bank Advances Two
Debt Instrument [Line Items]
Federal Home Loan Bank advances	$ 60,000
Originated	Dec. 1, 2017
Interest Rate	1.34%
Date	Jan. 2, 2018

Subordinated Debt (Detail)

Subordinated Debt (Detail) - USD ($) $ in Thousands	Dec. 31, 2017	Dec. 31, 2016	May 28, 2015
Debt and Financial Instruments [Line Items]
Subordinated debt	$ 6,877	$ 6,860
Subordinated Debt Due May 2025
Debt and Financial Instruments [Line Items]
Debt instrument, face amount	7,000	7,000	$ 7,000
Less: Issuance costs	(123)	(140)
Subordinated debt	$ 6,877	$ 6,860

Subordinated Debt (Parenthetica

Subordinated Debt (Parenthetical) (Detail)	Dec. 31, 2017	Dec. 31, 2016	May 28, 2015
Debt and Financial Instruments [Line Items]
Debt instrument, coupon percentage	1.68%
Subordinated Debt Due May 2025
Debt and Financial Instruments [Line Items]
Debt instrument, coupon percentage	6.50%	6.50%	6.50%

Income Taxes - Additional Infor

Income Taxes - Additional Information (Detail) $ in Thousands	3 Months Ended	12 Months Ended
	Dec. 31, 2017USD ($)	Dec. 31, 2018	Dec. 31, 2017USD ($)	Dec. 31, 2016USD ($)
Income Tax Disclosure [Line Items]
Statutory rate			34.00%	34.00%
Deferred tax assets	$ 1,300
Number of equity investments in housing funds	3		3
Other assets	$ 7,206		$ 7,206	$ 4,099
investments and related tax benefits expected year			2,030
Investment tax credit and other benefits			$ 68	$ 17
Additional capital calls expected for investment funded	1,500		1,500
Scenario, Plan [Member]
Income Tax Disclosure [Line Items]
Statutory rate		21.00%
Investment
Income Tax Disclosure [Line Items]
Other assets	$ 1,400		$ 1,400

Income Taxes - Expense (Benefit

Income Taxes - Expense (Benefit) for Income Taxes (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016
Income Tax Expenses [Line Items]
Current	$ 362	$ 1,054
Deferred	435	(88)
Income Tax Expense (Benefit), Total	$ 797	$ 966

Income Taxes - Summary of Reaso

Income Taxes - Summary of Reasons for Differences Between Statutory Federal Income Tax Rates and Effective Tax Rates (Detail)	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016
Reconciliation of Statutory Federal Tax Rate [Line Items]
Statutory rate	34.00%	34.00%
Increase (decrease) resulting from:
Tax exempt interest	51.10%	(6.10%)
Bank owned life insurance	33.90%	(2.70%)
Merger costs	(15.00%)	2.50%
The Tax Act	(283.10%)	0.00%
Other, net	11.40%	(0.10%)
Effective Income Tax Rate, Total	(167.80%)	27.60%

Income Taxes - Components of Ne

Income Taxes - Components of Net Deferred Tax Assets and Liabilities (Detail) - USD ($) $ in Thousands	Dec. 31, 2017	Dec. 31, 2016
Deferred tax assets
Allowance for loan losses	$ 1,632	$ 908
Interest on non-accrual loans	58	130
Other real estate	433	446
Pension plan	170	242
Postretirement benefits	96	184
Unrealized losses (gains) on available-for-sale securities	130	268
Deferred compensation	189	191
Stock-based compensation	26	30
Alternative Minimum Tax Credit	134
Net discount on loan portfolios acquired in merger with Virginia Bancorp	1,576
Premium on time deposits acquired in merger with Virginia Bancorp	89
Other	212	27
Total deferred tax assets	4,745	2,426
Deferred tax liabilities
Depreciation	(69)	(126)
Amortization of goodwill	(1,218)	(955)
Net deferred loan fees and costs	65	(133)
Premium on fixed assets acquired in merger with Virginia Bancorp	(561)
Recapture of bad debts experience reserve	(229)
Other	(391)	(58)
Total deferred tax liabilities	(2,403)	(1,272)
Net deferred tax assets	$ 2,342	$ 1,154

Regulatory Requirements and 112

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

Regulatory Requirements and 113

Regulatory Requirements and Restrictions - Schedule of Bank's Actual Capital Amounts and Ratios (Detail) - USD ($) $ in Thousands	Dec. 31, 2017	Dec. 31, 2016	Jan. 01, 2015	Jul. 31, 2013
Compliance with Regulatory Capital Requirements under Banking Regulations [Line Items]
Total Risk Based Capital (to Risk Weighted Assets), Minimum Capital Requirement Ratio			8.00%
Tier 1 Capital (to Risk Weighted Assets), Minimum Capital Requirement Ratio			6.00%	4.00%
Tier 1 Capital (to Average Assets), Minimum Capital Requirement Ratio			4.00%
Common Stock
Compliance with Regulatory Capital Requirements under Banking Regulations [Line Items]
Tier 1 Capital (to Risk Weighted Assets), Minimum Capital Requirement Ratio			4.50%
Consolidated Entities
Compliance with Regulatory Capital Requirements under Banking Regulations [Line Items]
Total Risk Based Capital (to Risk Weighted Assets), Actual Amount	$ 120,091	$ 51,810
Total Risk Based Capital (to Risk Weighted Assets), Actual Ratio	16.24%	15.02%
Total Risk Based Capital (to Risk Weighted Assets), Minimum Capital Requirement Amount	$ 59,150	$ 27,600
Total Risk Based Capital (to Risk Weighted Assets), Minimum Capital Requirement Ratio	8.00%	8.00%
Tier 1 Capital (to Risk Weighted Assets), Actual Amount	$ 105,444	$ 41,087
Tier 1 Capital (to Risk Weighted Assets), Actual Ratio	14.26%	11.91%
Tier 1 Capital (to Risk Weighted Assets), Minimum Capital Requirement Amount	$ 44,363	$ 20,700
Tier 1 Capital (to Risk Weighted Assets), Minimum Capital Requirement Ratio	6.00%	6.00%
Tier 1 Capital (to Average Assets), Actual Amount	$ 105,444	$ 41,087
Tier 1 Capital (to Average Assets), Actual Ratio	10.99%	8.66%
Tier 1 Capital (to Average Assets), Minimum Capital Requirement Amount	$ 38,382	$ 18,967
Tier 1 Capital (to Average Assets), Minimum Capital Requirement Ratio	4.00%	4.00%
Consolidated Entities | Common Stock
Compliance with Regulatory Capital Requirements under Banking Regulations [Line Items]
Total Risk Based Capital (to Risk Weighted Assets), Actual Amount	$ 105,444	$ 41,087
Total Risk Based Capital (to Risk Weighted Assets), Actual Ratio	14.26%	11.91%
Total Risk Based Capital (to Risk Weighted Assets), Minimum Capital Requirement Amount	$ 33,272	$ 15,525
Total Risk Based Capital (to Risk Weighted Assets), Minimum Capital Requirement Ratio	4.50%	4.50%
Virginia Commonwealth Bank
Compliance with Regulatory Capital Requirements under Banking Regulations [Line Items]
Total Risk Based Capital (to Risk Weighted Assets), Actual Amount	$ 93,540
Total Risk Based Capital (to Risk Weighted Assets), Actual Ratio	12.70%
Total Risk Based Capital (to Risk Weighted Assets), Minimum Capital Requirement Amount	$ 58,914
Total Risk Based Capital (to Risk Weighted Assets), Minimum Capital Requirement Ratio	8.00%
Total Risk Based Capital (to Risk Weighted Assets), Minimum To Be Well Capitalized Under Prompt Corrective Action Provisions Amount	$ 73,642
Total Risk Based Capital (to Risk Weighted Assets), Minimum To Be Well Capitalized Under Prompt Corrective Action Provisions Ratio	10.00%
Tier 1 Capital (to Risk Weighted Assets), Actual Amount	$ 85,770
Tier 1 Capital (to Risk Weighted Assets), Actual Ratio	11.65%
Tier 1 Capital (to Risk Weighted Assets), Minimum Capital Requirement Amount	$ 44,185
Tier 1 Capital (to Risk Weighted Assets), Minimum Capital Requirement Ratio	6.00%
Tier 1 Capital (to Risk Weighted Assets), Minimum To Be Well Capitalized Under Prompt Corrective Action Provisions Amount	$ 58,914
Tier 1 Capital (to Risk Weighted Assets), Minimum To Be Well Capitalized Under Prompt Corrective Action Provisions Ratio	8.00%
Tier 1 Capital (to Average Assets), Actual Amount	$ 85,770
Tier 1 Capital (to Average Assets), Actual Ratio	8.97%
Tier 1 Capital (to Average Assets), Minimum Capital Requirement Amount	$ 38,259
Tier 1 Capital (to Average Assets), Minimum Capital Requirement Ratio	4.00%
Tier 1 Capital (to Average Assets), Minimum To Be Well Capitalized Under Prompt Corrective Action Provisions Amount	$ 47,824
Tier 1 Capital (to Average Assets), Minimum To Be Well Capitalized Under Prompt Corrective Action Provisions Ratio	5.00%
Virginia Commonwealth Bank | Common Stock
Compliance with Regulatory Capital Requirements under Banking Regulations [Line Items]
Total Risk Based Capital (to Risk Weighted Assets), Actual Amount	$ 85,770
Total Risk Based Capital (to Risk Weighted Assets), Actual Ratio	11.65%
Total Risk Based Capital (to Risk Weighted Assets), Minimum Capital Requirement Amount	$ 33,139
Total Risk Based Capital (to Risk Weighted Assets), Minimum Capital Requirement Ratio	4.50%
Total Risk Based Capital (to Risk Weighted Assets), Minimum To Be Well Capitalized Under Prompt Corrective Action Provisions Amount	$ 47,868
Total Risk Based Capital (to Risk Weighted Assets), Minimum To Be Well Capitalized Under Prompt Corrective Action Provisions Ratio	6.50%
Subsidiaries
Compliance with Regulatory Capital Requirements under Banking Regulations [Line Items]
Total Risk Based Capital (to Risk Weighted Assets), Actual Amount		$ 46,977
Total Risk Based Capital (to Risk Weighted Assets), Actual Ratio		13.69%
Total Risk Based Capital (to Risk Weighted Assets), Minimum Capital Requirement Amount		$ 27,460
Total Risk Based Capital (to Risk Weighted Assets), Minimum Capital Requirement Ratio		8.00%
Total Risk Based Capital (to Risk Weighted Assets), Minimum To Be Well Capitalized Under Prompt Corrective Action Provisions Amount		$ 34,325
Total Risk Based Capital (to Risk Weighted Assets), Minimum To Be Well Capitalized Under Prompt Corrective Action Provisions Ratio		10.00%
Tier 1 Capital (to Risk Weighted Assets), Actual Amount		$ 43,114
Tier 1 Capital (to Risk Weighted Assets), Actual Ratio		12.56%
Tier 1 Capital (to Risk Weighted Assets), Minimum Capital Requirement Amount		$ 20,595
Tier 1 Capital (to Risk Weighted Assets), Minimum Capital Requirement Ratio		6.00%
Tier 1 Capital (to Risk Weighted Assets), Minimum To Be Well Capitalized Under Prompt Corrective Action Provisions Amount		$ 27,460
Tier 1 Capital (to Risk Weighted Assets), Minimum To Be Well Capitalized Under Prompt Corrective Action Provisions Ratio		8.00%
Tier 1 Capital (to Average Assets), Actual Amount		$ 43,114
Tier 1 Capital (to Average Assets), Actual Ratio		9.18%
Tier 1 Capital (to Average Assets), Minimum Capital Requirement Amount		$ 18,793
Tier 1 Capital (to Average Assets), Minimum Capital Requirement Ratio		4.00%
Tier 1 Capital (to Average Assets), Minimum To Be Well Capitalized Under Prompt Corrective Action Provisions Amount		$ 23,491
Tier 1 Capital (to Average Assets), Minimum To Be Well Capitalized Under Prompt Corrective Action Provisions Ratio		5.00%
Subsidiaries | Common Stock
Compliance with Regulatory Capital Requirements under Banking Regulations [Line Items]
Total Risk Based Capital (to Risk Weighted Assets), Actual Amount		$ 43,114
Total Risk Based Capital (to Risk Weighted Assets), Actual Ratio		12.56%
Total Risk Based Capital (to Risk Weighted Assets), Minimum Capital Requirement Amount		$ 15,446
Total Risk Based Capital (to Risk Weighted Assets), Minimum Capital Requirement Ratio		4.50%
Total Risk Based Capital (to Risk Weighted Assets), Minimum To Be Well Capitalized Under Prompt Corrective Action Provisions Amount		$ 22,311
Total Risk Based Capital (to Risk Weighted Assets), Minimum To Be Well Capitalized Under Prompt Corrective Action Provisions Ratio		6.50%

Employee Stock Ownership Plan -

Employee Stock Ownership Plan - Additional Information (Detail) $ in Thousands	Apr. 01, 2017h	Dec. 31, 2017USD ($)hAgeshares	Dec. 31, 2016USD ($)
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of employee stock ownership plans		2
Surviving ESOP
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Noncontributory employee stock ownership plan, service period eligibility		12 months
Noncontributory employee stock ownership plan, age eligibility | Age		21
Allocations, as a percentage of eligible participant compensation		25.00%
Participant accounts vested after two years		30.00%
Participant accounts vested after three years		40.00%
Participant accounts vested each year, from fourth year till 100% vested		20.00%
Participant accounts, total vested		100.00%
Allocated shares | shares		112,847
Contributions to the plan		$ 75	$ 67
Dividends on the company's stock held by the ESOP		$ 14	$ 0
Acquired ESOP
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Allocated shares | shares		508,380
Number of outstanding loans		5
ESOP loan		$ 1,100
Unearned shares allocated to employee | shares		164,835
Defined contribution plan employer safe harbor contribution amount		$ 72
Defined contribution plan employer matching contribution amount		76
Dividend received		87
Expenses related to shares commited to be released		133
Fair value of unallocated shares		$ 1,700
401 (k) Retirement Plan | Acquired ESOP
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Noncontributory employee stock ownership plan, service period eligibility	1 month
Noncontributory employee stock ownership plan, age eligibility	21
Semi monthly contribution percentage	3.00%
Eligible employee contribution percentage	100.00%
Number of hours of service eligible for defined contribution plan | h	1,000
401 (k) Retirement Plan | Acquired ESOP | Maximum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Contributions of earned compensation percentage	4.00%
401 (k) Retirement Plan | Combined ESOP
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Noncontributory employee stock ownership plan, service period eligibility		1 year
Noncontributory employee stock ownership plan, age eligibility		21
Number of hours of service eligible for defined contribution plan | h		1,000

Stock-Based Compensation Pla115

Stock-Based Compensation Plans - Additional Information (Detail)	12 Months Ended
	Dec. 31, 2017USD ($)Grant$ / sharesshares	Dec. 31, 2016USD ($)$ / sharesshares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares available for grant	219,210
Number of grants issued | Grant	4
Stock-based compensation expense | $	$ 199,000	$ 60,000
Unrecognized compensation expenses related to stock award | $	$ 0
Options granted	86,790	29,500
Options vested	86,790	29,500
Restricted Stock
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share based compensation, restricted stock granted	15,500
Share based compensation, restricted stock granted, value | $	$ 131,000
Share based compensation, unvested stock granted	10,500
Unrecognized stock based compensation expense | $	$ 62,000
Grant One
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Fair value of options granted during the period | $ / shares	$ 1.93	$ 2.14
Grant Two
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Fair value of options granted during the period | $ / shares	1.73	$ 2
Grant Three
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Fair value of options granted during the period | $ / shares	1.50
Grant Four
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Fair value of options granted during the period | $ / shares	$ 1.50

Stock-Based Compensation Pla116

Stock-Based Compensation Plans - Fair Value of Options (Detail)	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Risk free interest rate (5 year Treasury)	2.10%	1.94%
Expected dividend yield	1.00%	0.00%
Expected term (years)	5 years	5 years
Expected volatility minimum	16.10%	24.50%
Expected volatility maximum	21.70%	40.10%

Stock-Based Compensation Pla117

Stock-Based Compensation Plans - Fair Value of Options (Parenthetical) (Detail)	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock price volatility, risk free interest period	5 years	5 years

Stock-Based Compensation Pla118

Stock-Based Compensation Plans - Summary of Stock Option Activity (Detail) - USD ($)		12 Months Ended
		Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Options outstanding, beginning		218,300	211,185
Granted, shares		86,790	29,500
Forfeited, shares		(1,195)	(13,787)
Exercised, shares		(43,244)	0
Expired, shares		(9,625)	(8,598)
Options outstanding, ending		251,026	218,300	211,185
Options outstanding, beginning, Weighted Average Exercise Price		$ 6.35	$ 6.57
Options exercisable, ending		251,026
Granted, Weighted Average Exercise Price		$ 10.08	7.24
Forfeited, Weighted Average Exercise Price		8.43	5.90
Exercised, Weighted Average Exercise Price		5.85	0
Expired, Weighted Average Exercise Price		13.76	12.84
Options outstanding, ending, Weighted Average Exercise Price		7.43	$ 6.35	$ 6.57
Options exercisable, ending, Weighted Average Exercise Price		$ 7.43
Options outstanding, ending, Weighted Average Remaining Contractual Life		6 years 8 months 23 days	6 years	6 years
Options exercisable, ending, Weighted Average Remaining Contractual Life		6 years 8 months 23 days
Options outstanding, ending, Aggregate Intrinsic Value	[1]	$ 753,229	$ 378,288
Options exercisable, ending, Aggregate Intrinsic Value	[1]	$ 753,229
[1]	The aggregate intrinsic value of a stock option in the table above represents the total pre-tax intrinsic value (the amount by which the current market value of the underlying stock exceeds the exercise price of the option) that would have been received by the option holders had all option holders exercised their options on December 31, 2017. This amount changes based on changes in the market value of the Company's common stock.

Earnings per share - Weighted A

Earnings per share - Weighted Average Number of Shares Used in Computing Earnings Per Share (Detail) - $ / shares	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016
Earnings Per Share, Diluted, by Common Class, Including Two Class Method [Line Items]
Basic earnings per share	9,399,223	4,774,856
Effect of dilutive securities:
Stock options		25,090
Diluted earnings per share	9,399,223	4,799,946
Basic earnings per share	$ (0.14)	$ 0.53
Diluted earnings per share	$ (0.14)	$ 0.53

Earnings Per Share - Additional

Earnings Per Share - Additional Information (Detail) - shares	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016
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	251,026	62,541
Restricted Stock
Computation Of Earnings Per Share Line Items
Shares not included in computing diluted earnings per share because effects were anti-dilutive	10,500

Related Parties - Additional In

Related Parties - Additional Information (Detail) - USD ($)	Dec. 31, 2017	Dec. 31, 2016	May 28, 2015
Related Party Transaction [Line Items]
Unfunded commitments to extend credit and related interest	$ 3,700,000	$ 2,000,000
Aggregate amount of deposit accounts	$ 1,400,000	696,000
Debt instrument, coupon percentage	1.68%
Subordinated Debt Due May 2025
Related Party Transaction [Line Items]
Debt instrument, face amount	$ 7,000,000	$ 7,000,000	$ 7,000,000
Debt instrument, coupon percentage	6.50%	6.50%	6.50%
Amount owed to related parties	$ 291,000
Key Employees
Related Party Transaction [Line Items]
Loans and leases receivable, related parties	$ 7,354,000	$ 8,863,000
Related Parties | Subordinated Debt Due May 2025
Related Party Transaction [Line Items]
Debt instrument, face amount			$ 285,000

Related Parties - Related Parti

Related Parties - Related Parties (Detail) - Key Employees $ in Thousands	12 Months Ended
	Dec. 31, 2017USD ($)
Related Party Transaction [Line Items]
Beginning Balance	$ 8,863
New loans and extensions to existing loans	25
Repayments and other reductions	(1,534)
Ending Balance	$ 7,354

Fair Value Measurements - Addit

Fair Value Measurements - Additional Information (Detail) $ in Millions	12 Months Ended
	Dec. 31, 2017Loan$ / Loan	Dec. 31, 2016USD ($)$ / Loan
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Number of portfolio	2
Fair Value, Measurements, Recurring | Fair Value, Inputs, Level 3 | Mortgage Servicing Rights
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	6.50	6
Average PSA assumed rate	150.00%	150.00%
Discount rate	13.00%	14.00%
Fair Value, Measurements, Recurring | Fair Value, Inputs, Level 3 | Mortgage Servicing Rights | 100% PSA | First Month
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Prepayment rate	0.00%
Fair Value, Measurements, Recurring | Fair Value, Inputs, Level 3 | Mortgage Servicing Rights | 100% PSA | Between First Month and Month 30
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Prepayment rate increase, each month	0.20%
Fair Value, Measurements, Recurring | Fair Value, Inputs, Level 3 | Mortgage Servicing Rights | 100% PSA | Month 30
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Prepayment rate	6.00%
Fair Value, Measurements, Recurring | Fair Value, Inputs, Level 3 | Mortgage Servicing Rights | 100% PSA | Thereafter
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Prepayment rate	6.00%
Fair Value, Measurements, Recurring | Fair Value, Inputs, Level 3 | Mortgage Servicing Rights | Available-for-sale Securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Level 1 securities moved to Level 2, amount | $		$ 1.6
Level 2 securities moved to Level 3, amount | $		$ 1.5
Fair Value, Measurements, Recurring | Fair Value, Inputs, Level 3 | Freddie Mac | Mortgage Servicing Rights
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	8.16
Average PSA assumed rate	192.40%
Discount rate	7.51%
Average discount rate	3.60%

Fair Value Measurements - Sched

Fair Value Measurements - Schedule of Balances of Financial Assets and Liabilities Measured at Fair Value on Recurring Basis (Detail) - USD ($) $ in Thousands	Dec. 31, 2017	Dec. 31, 2016
Securities available for sale:
Securities available-for-sale	$ 77,153	$ 51,173
Mortgage servicing rights	999	671
Defined benefit plan assets:
Defined Benefit Plan Fair Value Of Plan Assets	2,465	2,690
Corporate Bonds
Securities available for sale:
Securities available-for-sale	6,717	7,704
US Government Agencies Agencies and Mortgage Backed Securities
Securities available for sale:
Securities available-for-sale	49,283	25,313
State and Municipal Obligations
Securities available for sale:
Securities available-for-sale	21,153	18,156
US Government Agencies
Securities available for sale:
Securities available-for-sale		25,313
Fixed Income Funds
Defined benefit plan assets:
Defined Benefit Plan Fair Value Of Plan Assets	994	1,041
Equity Funds
Defined benefit plan assets:
Defined Benefit Plan Fair Value Of Plan Assets	1,471	1,649
Fair Value, Inputs, Level 1
Defined benefit plan assets:
Defined Benefit Plan Fair Value Of Plan Assets	2,465	2,690
Fair Value, Inputs, Level 1 | Fixed Income Funds
Defined benefit plan assets:
Defined Benefit Plan Fair Value Of Plan Assets	994	1,041
Fair Value, Inputs, Level 1 | Equity Funds
Defined benefit plan assets:
Defined Benefit Plan Fair Value Of Plan Assets	1,471	1,649
Fair Value, Inputs, Level 2
Securities available for sale:
Securities available-for-sale	70,436	43,469
Fair Value, Inputs, Level 2 | US Government Agencies Agencies and Mortgage Backed Securities
Securities available for sale:
Securities available-for-sale	49,283
Fair Value, Inputs, Level 2 | State and Municipal Obligations
Securities available for sale:
Securities available-for-sale	21,153	18,156
Fair Value, Inputs, Level 2 | US Government Agencies
Securities available for sale:
Securities available-for-sale		25,313
Fair Value, Inputs, Level 3
Securities available for sale:
Securities available-for-sale	6,717	7,704
Mortgage servicing rights	999	671
Fair Value, Inputs, Level 3 | Corporate Bonds
Securities available for sale:
Securities available-for-sale	$ 6,717	$ 7,704

Fair Value Measurements - Recon

Fair Value Measurements - Reconciliation of Items Using Level Three Inputs (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016
Mortgage Servicing Rights
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Beginning balance	$ 671	$ 658
Acquired in merger	324
Impairments	0	0
Fair value adjustments	4	13
Ending balance	999	671
Corporate Bonds
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Beginning balance	7,704	3,945
Purchases		3,750
Impairments	0	0
Fair value adjustments	13	9
Sales	(1,000)
Ending balance	$ 6,717	$ 7,704

Fair Value Measurements - Summa

Fair Value Measurements - Summary of Assets Measured at Fair Value on Nonrecurring Basis (Detail) - USD ($) $ in Thousands	Dec. 31, 2017	Dec. 31, 2016
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Impaired Loans, net	$ 3,491	$ 2,774
Other real estate owned, net	4,284	2,494
Fair Value, Inputs, Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Impaired Loans, net	3,491	2,774
Other real estate owned, net	$ 4,284	$ 2,494

Fair Value Measurements - Su127

Fair Value Measurements - Summary of Quantitative Fair Value Measurements for Level 3 (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Impaired Loans, net	$ 3,491	$ 2,774
Other real estate owned, net	$ 4,284	$ 2,494
Impaired Loans
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Unobservable Input, Lack of Marketability		50.00%
Minimum | Impaired Loans
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Unobservable Input, Selling Cost	6.00%	10.00%
Unobservable Input, Lack of Marketability	50.00%
Minimum | Other Real Estate Owned
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Unobservable Input, Selling Cost	3.00%	3.00%
Unobservable Input, Lack of Marketability	10.00%	10.00%
Maximum | Impaired Loans
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Unobservable Input, Selling Cost	20.00%	20.00%
Unobservable Input, Lack of Marketability	90.00%
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	100.00%	20.00%
Weighted Average | Impaired Loans
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Unobservable Input, Selling Cost	16.00%	16.00%
Unobservable Input, Lack of Marketability	65.00%	50.00%
Weighted Average | Other Real Estate Owned
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Unobservable Input, Selling Cost	8.00%	5.00%
Unobservable Input, Lack of Marketability	16.00%	11.00%

Fair Value Measurements - Estim

Fair Value Measurements - Estimated Fair Values of Financial Instruments (Detail) - USD ($) $ in Thousands	Dec. 31, 2017	Dec. 31, 2016
Financial Assets:
Cash and due from banks	$ 9,396	$ 4,851
Interest-bearing deposits	41,971	7,501
Certificates of deposit	3,224	4,216
Federal funds sold	6,961	2,350
Securities available-for-sale	77,153	51,173
Restricted securities	5,787	2,649
Loans, net	758,726	381,537
Loans held for sale	1,651	276
Accrued interest receivable	3,194	1,372
Mortgage servicing rights	999	671
Financial Liabilities:
Non-interest-bearing liabilities	103,037	74,799
Savings and other interest-bearing deposits	299,820	178,869
Time deposits	358,989	128,050
Securities sold under repurchase agreements	9,498	18,310
FHLB advances	70,000	35,000
Subordinated debt	6,877	6,860
Accrued interest payable	318	331
Financial Assets:
Cash and due from banks	9,396	4,851
Interest-bearing deposits	41,971	7,501
Certificates of deposit	3,224	4,216
Federal funds sold	6,961	2,350
Securities available-for-sale	77,153	51,173
Restricted securities	5,787	2,649
Loans, net	774,099	384,468
Loans held for sale	1,651	276
Accrued interest receivable	3,194	1,372
Mortgage servicing rights	999	671
Financial Liabilities:
Non-interest-bearing liabilities	103,037	74,799
Savings and other interest-bearing deposits	299,820	178,869
Time deposits	356,450	127,497
Securities sold under repurchase agreements	9,498	18,310
FHLB advances	70,486	35,668
Subordinated debt	7,000	7,000
Accrued interest payable	318	331
Fair Value, Inputs, Level 1
Financial Assets:
Cash and due from banks	9,396	4,851
Interest-bearing deposits	41,971	7,501
Federal funds sold	6,961	2,350
Financial Liabilities:
Non-interest-bearing liabilities	103,037	74,799
Fair Value, Inputs, Level 2
Financial Assets:
Securities available-for-sale	70,436	43,469
Financial Assets:
Certificates of deposit	3,224	4,216
Securities available-for-sale	70,436	43,469
Accrued interest receivable	3,194	1,372
Financial Liabilities:
Savings and other interest-bearing deposits	299,820	178,869
Securities sold under repurchase agreements	9,498	18,310
FHLB advances	70,486	35,668
Accrued interest payable	318	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	5,787	2,649
Loans, net	774,099	384,468
Loans held for sale	1,651	276
Mortgage servicing rights	999	671
Financial Liabilities:
Time deposits	356,450	127,497
Subordinated debt	$ 7,000	$ 7,000

Leases - Additional Information

Leases - Additional Information (Detail) $ in Thousands	12 Months Ended
	Dec. 31, 2017USD ($)Branch	Dec. 31, 2016USD ($)
Operating Leased Assets [Line Items]
Number of retail branches | Branch	3
Lease expense | $	$ 377	$ 179

Future Minimum Lease payments f

Future Minimum Lease payments for Long-term Non-cancelable Lease agreements (Detail) $ in Thousands	Dec. 31, 2017USD ($)
Operating Leased Assets [Line Items]
2,018	$ 341
2,019	270
2,020	262
2,021	270
2,022	160
Operating Leases, Future Minimum Payments Due, Total	$ 1,303

Condensed Financial Informat131

Condensed Financial Information of Parent Company - Condensed Balance Sheets (Detail) - USD ($) $ in Thousands	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
ASSETS
Cash and due from non-affiliated banks	$ 9,396	$ 4,851
Interest-bearing deposits	41,971	7,501
Certificates of deposit	3,224	4,216
Other assets	7,206	4,099
Total assets	970,556	486,710
LIABILITIES
Subordinated debt	6,877	6,860
Other liabilities	7,781	3,117
Total liabilities	856,002	445,005
Total shareholders' equity	114,554	41,705	$ 39,569
Total liabilities and shareholders' equity	970,556	486,710
Parent Company
ASSETS
Cash and due from non-affiliated banks	24,475	990
Interest-bearing deposits	609	168
Certificates of deposit		1,240
Investments in subsidiaries	96,539	45,510
Other assets	2,002	1,680
Total assets	123,625	49,588
LIABILITIES
Subordinated debt	6,877	6,860
Deferred directors' compensation	901	561
Other borrowings	1,129
Other liabilities	162	462
Total liabilities	9,069	7,883
Total shareholders' equity	114,556	41,705
Total liabilities and shareholders' equity	$ 123,625	$ 49,588

Condensed Financial Informat132

Condensed Financial Information of Parent Company - Condensed Statements of Operations (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016
Condensed Financial Statements, Captions [Line Items]
Interest income	$ 33,700	$ 17,936
Interest expense	6,001	3,525
Net interest expense	27,699	14,411
Non-interest income	3,684	4,610
Non-interest expense	26,924	15,233
Income tax benefit	797	966
Net (loss) income	(1,272)	2,535
Parent Company
Condensed Financial Statements, Captions [Line Items]
Interest income	2	17
Interest expense	481	472
Net interest expense	(479)	(455)
Non-interest income	857	678
Non-interest expense	1,752	1,261
Loss before income taxes and equity in undistributed earnings of subsidiaries	(1,374)	(1,038)
Income tax benefit	(340)	(194)
Loss before equity in undistributed earnings of subsidiaries	(1,034)	(844)
Equity in undistributed earnings of subsidiaries	(238)	3,379
Net (loss) income	$ (1,272)	$ 2,535

Condensed Financial Informat133

Condensed Financial Information of Parent Company - Condensed Statements of Cash Flows (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016
Cash Flows from Operating Activities:
Net income (loss)	$ (1,272)	$ 2,535
Adjustments to reconcile net income (loss) to net cash provided by operating activities:
Amortization of debt issuance costs	17	16
Stock-based compensation	199	60
(Decrease) increase in other liabilities	2,370	506
Net cash provided by operating activities	3,638	3,899
Cash Flows from Investing Activities:
Maturities (purchases) of certificates of deposit	992	1,488
Net cash used in investing activities	(109,943)	(39,855)
Cash Flows from Financing Activities:
Dividends paid and cash in lieu of stock	(1,431)
Stock options exercised	254
Issuance of stock, net	32,805
Net cash provided by financing activities	145,320	28,009
Net decrease in cash and due from banks	39,015	(7,947)
Cash and cash equivalents (including interest-earning deposits) at beginning of period	12,352	20,299
Cash and cash equivalents (including interest-earning deposits) at end of period	51,367	12,352
Parent Company
Cash Flows from Operating Activities:
Net income (loss)	(1,272)	2,535
Adjustments to reconcile net income (loss) to net cash provided by operating activities:
Amortization of debt issuance costs	17	16
Stock-based compensation	200	60
Equity in undistributed earnings of subsidiaries	238	(3,379)
Decrease (increase) in other assets	(324)	240
Net change in deferred directors' compensation	340	83
(Decrease) increase in other liabilities	(300)	(688)
Net cash provided by operating activities	(1,101)	(1,133)
Cash Flows from Investing Activities:
Maturities (purchases) of certificates of deposit	1,240	1,240
Investment in subsidiaries	(8,750)	(1,000)
Net cash used in investing activities	(7,510)	240
Cash Flows from Financing Activities:
Dividends paid and cash in lieu of stock	(1,431)
Stock options exercised	253
Issuance of stock, net	32,804
ESOP loans acquired from VBC	911
Net cash provided by financing activities	32,537
Net decrease in cash and due from banks	23,926	(893)
Cash and cash equivalents (including interest-earning deposits) at beginning of period	1,158	2,051
Cash and cash equivalents (including interest-earning deposits) at end of period	$ 25,084	$ 1,158

Accumulated Other Comprehens134

Accumulated Other Comprehensive Loss,net - Balances in Accumulated Other Comprehensive Income (Loss) (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016
Accumulated Other Comprehensive Income (Loss) [Line Items]
Balance at beginning of period	$ 41,705	$ 39,569
Change in net unrealized holding gains on securities, before reclassification, net of tax expense	114	(340)
Reclassification for previously unrealized net gains recognized in income, net of tax expense	(2)	(287)
Net gain on pension and postretirement plans, net of tax expense	155	168
Net current period other comprehensive gain (loss)	267
Tax Cuts and Jobs Act of 2017, reclassification from AOCI to retained earnings, tax effect	(188)
Balance at end of period	114,554	41,705
Net Unrealized Gains (Losses) on Securities
Accumulated Other Comprehensive Income (Loss) [Line Items]
Balance at beginning of period	(520)	107
Change in net unrealized holding gains on securities, before reclassification, net of tax expense	114	(340)
Reclassification for previously unrealized net gains recognized in income, net of tax expense	(2)	(287)
Net current period other comprehensive gain (loss)	112
Tax Cuts and Jobs Act of 2017, reclassification from AOCI to retained earnings, tax effect	(81)
Balance at end of period	(489)	(520)
Pension and Post employment costs
Accumulated Other Comprehensive Income (Loss) [Line Items]
Balance at beginning of period	(715)	(883)
Net gain on pension and postretirement plans, net of tax expense	155	168
Net current period other comprehensive gain (loss)	155
Tax Cuts and Jobs Act of 2017, reclassification from AOCI to retained earnings, tax effect	(107)
Balance at end of period	(667)	(715)
Accumulated Other Comprehensive Income (Loss)
Accumulated Other Comprehensive Income (Loss) [Line Items]
Balance at beginning of period	(1,235)	(776)
Tax Cuts and Jobs Act of 2017, reclassification from AOCI to retained earnings, tax effect	(188)
Balance at end of period	$ (1,156)	$ (1,235)

Accumulated Other Comprehens135

Accumulated Other Comprehensive Loss,net - Balances in Accumulated Other Comprehensive Income (Loss) (Parenthetical) (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016
Accumulated Other Comprehensive Income (Loss) [Line Items]
Change in net unrealized holding gains on securities, before reclassification, tax benefit	$ 30	$ 175
Reclassification for previously unrealized net gains recognized in income, tax expense	0	148
Net gain pension and postretirement plans, tax expense	41	87
Net Unrealized Gains (Losses) on Securities
Accumulated Other Comprehensive Income (Loss) [Line Items]
Change in net unrealized holding gains on securities, before reclassification, tax benefit	30	175
Reclassification for previously unrealized net gains recognized in income, tax expense	0	148
Pension and Post employment costs
Accumulated Other Comprehensive Income (Loss) [Line Items]
Net gain pension and postretirement plans, tax expense	$ 41	$ 87

Accumulated Other Comprehens136

Accumulated Other Comprehensive Loss,net - Reclassification for unrealized gains and impairments on securities and pension and postemployment related costs (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Salaries and employee benefits	$ (13,223)	$ (7,799)
Tax (expense) benefit	(797)	(966)
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	2	435
Tax (expense) benefit		(148)
Impact on net income	2	287
Pension and Post employment costs | Reclassification out of Accumulated Other Comprehensive Income
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Salaries and employee benefits	(81)	(77)
Tax (expense) benefit	28	26
Impact on net income	$ (53)	$ (51)