Bay Banks of Virginia (BAYK) 10-Q 11 May 18 2018 Q1 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	3 Months Ended
	Mar. 31, 2018	May 04, 2018
Document Information [Line Items]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Mar. 31, 2018
Document Fiscal Year Focus	2,018
Document Fiscal Period Focus	Q1
Trading Symbol	BAYK
Entity Registrant Name	BAY BANKS OF VIRGINIA INC
Entity Central Index Key	1,034,594
Current Fiscal Year End Date	--12-31
Entity Filer Category	Smaller Reporting Company
Entity Common Stock, Shares Outstanding		13,223,096

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($) $ in Thousands		Mar. 31, 2018	Dec. 31, 2017	[1]
ASSETS
Cash and due from banks		$ 7,774	$ 9,396
Interest-bearing deposits		52,564	41,971
Certificates of deposit		3,224	3,224
Federal funds sold		3,358	6,961
Available-for-sale securities, at fair value		75,434	77,153
Restricted securities		5,510	5,787
Loans receivable, net of allowance for loan losses of $7,923 and $7,770, respectively		782,965	758,726
Loans held for sale		414	1,651
Premises and equipment, net		17,661	17,463
Accrued interest receivable		2,844	3,194
Other real estate owned, net		2,593	4,284
Bank owned life insurance		18,900	18,773
Goodwill		10,374	10,374
Mortgage servicing rights		930	999
Core deposit intangible		2,780	2,991
Other assets		7,351	7,609
Total assets		994,676	970,556
LIABILITIES
Noninterest-bearing deposits		124,572	103,037
Savings and interest-bearing demand deposits		299,216	299,820
Time deposits		373,163	358,989
Total deposits		796,951	761,846
Securities sold under repurchase agreements		6,551	9,498
Federal Home Loan Bank advances		60,000	70,000
Subordinated notes, net of issuance costs		6,881	6,877
Other liabilities		9,374	7,781
Total liabilities		879,757	856,002
SHAREHOLDERS' EQUITY
Common stock ($5 par value; authorized - 30,000,000 shares; outstanding - 13,223,096 and 13,203,605 shares, respectively)	[2]	66,115	66,018
Additional paid-in capital		37,189	37,142
Unearned employee stock ownership plan shares		(1,088)	(1,129)
Retained earnings		14,803	13,679
Accumulated other comprehensive loss, net		(2,100)	(1,156)
Total shareholders' equity		114,919	114,554
Total liabilities and shareholders' equity		$ 994,676	$ 970,556
[1]	Derived from the audited December 31, 2017 Consolidated Financial Statements.
[2]	Preferred stock is authorized; however, none was outstanding as of March 31, 2018 and December 31, 2017.

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Thousands	Mar. 31, 2018	Dec. 31, 2017
Loans, allowance for loan losses	$ 7,923	$ 7,770	[1]
Common stock, par value	$ 5	$ 5	[1]
Common stock, authorized shares	30,000,000	30,000,000	[1]
Common stock, outstanding shares	13,223,096	13,203,605	[1]
Preferred stock, outstanding shares	0	0
[1]	Derived from the audited December 31, 2017 Consolidated Financial Statements.

Consolidated Statements of Oper

Consolidated Statements of Operations - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2018	Mar. 31, 2017
INTEREST INCOME
Loans, including fees	$ 9,984	$ 4,388
Securities:
Taxable	397	269
Tax-exempt	120	114
Federal funds sold	74	1
Interest-bearing deposit accounts	98	7
Certificates of deposit	19	19
Total interest income	10,692	4,798
INTEREST EXPENSE
Deposits	1,607	630
Federal funds purchased		10
Securities sold under repurchase agreements		3
Subordinated notes	128	117
Federal Home Loan Bank advances	313	154
Total interest expense	2,048	914
Net interest income	8,644	3,884
Provision for loan losses	320	190
Net interest income after provision for loan losses	8,324	3,694
NON-INTEREST INCOME
Income from fiduciary activities	247	245
Service charges and fees on deposit accounts	135	212
Non-deposit product income	132	80
Other service charges and fees	50	171
Secondary market lending income	133	115
Increase in cash surrender value of bank owned life insurance	127	75
Net losses on sale of available-for-sale securities		(5)
Net losses on disposition of other assets	(69)
Gain on curtailment of post-retirement benefit plan	352
Other income	91	60
Total non-interest income	1,198	953
NON-INTEREST EXPENSE
Salaries and employee benefits	4,106	2,824
Occupancy	795	439
Data processing	548	204
Bank franchise tax	176	76
Telecommunications	106	28
FDIC assessments	183	85
Foreclosed property	12	10
Consulting	383	54
Advertising and marketing	68	95
Directors' fees	168	111
Audit and accounting fees	363	83
Merger related	363	300
Intangible amortization	211
Net other real estate owned (gains) losses	(141)	96
Other	807	540
Total non-interest expense	8,148	4,945
Income (loss) before income taxes	1,374	(298)
Income tax expense (benefit)	250	(121)
Net income (loss)	$ 1,124	$ (177)
Basic and diluted earnings (loss) per share	$ 0.09	$ (0.04)

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Income (Loss) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2018	Mar. 31, 2017
Net income (loss)	$ 1,124	$ (177)
Other comprehensive (loss) income:
Unrealized holding (loss) gain on available-for-sale securities arising during the period	(1,192)	40
Deferred tax benefit (expense)	248	(13)
Reclassification of net available-for-sale securities loss recognized in net income		5
Deferred tax benefit		(2)
Total other comprehensive (loss) income	(944)	30
Comprehensive income (loss)	$ 180	$ (147)

Consolidated Statements of Chan

Consolidated Statements of Changes in Shareholders' Equity - 3 months ended Mar. 31, 2018 - 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, 2017	$ 114,554	[1]	$ 66,018	$ 37,142	$ (1,129)	$ 13,679	$ (1,156)
Balance at beginning of period, Shares at Dec. 31, 2017	13,203,605	[1]	13,203,605
Net income	$ 1,124					1,124
Other comprehensive income	(944)						(944)
Stock options exercised	113		$ 97	16
Stock options exercised, Shares			19,491
ESOP compensation expense	41				41
Stock-based compensation expense	31			31
Balance at end of period at Mar. 31, 2018	$ 114,919		$ 66,115	$ 37,189	$ (1,088)	$ 14,803	$ (2,100)
Balance at end of period, Shares at Mar. 31, 2018	13,223,096		13,223,096
[1]	Derived from the audited December 31, 2017 Consolidated Financial Statements.

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2018	Mar. 31, 2017
Cash Flows From Operating Activities
Net income (loss)	$ 1,124	$ (177)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:
Depreciation and amortization	382	274
Net premium accretion and discount amortization of securities	111	92
Amortization of subordinated debt issuance costs	4	4
Amortization of core deposit intangible	211
Accretion of fair value adjustment of time deposits	(68)
Accretion of fair value adjustments (discounts) of loans	(503)
Provision for loan losses	320	190
Share-based compensation and ESOP expense	72	59
Loss on sale of available-for-sale securities		5
Increase in other real estate owned valuation allowance	78	97
Gain on sale of other real estate owned	(219)	(1)
Loss on disposal of fixed and other assets	69
Decrease (increase) in value of mortgage servicing rights	69	(21)
Loan originations for sale	(7,189)	(3,471)
Loan sales	8,544	3,766
Gain on sold loans	(118)	(19)
Increase in cash surrender value of bank owned life insurance	(127)	(75)
Gain on curtailment of post-retirement benefit plan	(352)
Decrease in accrued interest receivable and other assets	787	33
Increase in other liabilities	1,945	146
Net cash provided by operating activities	5,140	902
Cash Flows From Investing Activities
Proceeds from maturities and principal paydowns of available-for-sale securities	816	993
Proceeds from sales and calls of available-for-sale securities		995
Maturities of certificates of deposit		744
Purchases of available-for-sale securities and certificates of deposit	(400)	(693)
Sales (purchases) of restricted securities, net	277	(1,107)
Increase in federal funds sold	3,603	2,014
Loan (originations) and principal collections, net	(24,103)	(19,971)
Proceeds from sale of other real estate owned	1,879	12
Proceeds from sale of equipment		6
Purchases of premises and equipment	(580)	(295)
Net cash used in investing activities	(18,508)	(17,302)
Cash Flows From Financing Activities
Net increase (decrease) in demand, savings, and other interest-bearing deposits	20,931	(7,272)
Net increase in time deposits	14,242	8,054
Stock options exercised	113
Net decrease in securities sold under repurchase agreements	(2,947)	(9,821)
(Decrease) increase in Federal Home Loan Bank advances	(10,000)	25,000
Net cash provided by financing activities	22,339	15,961
Net increase (decrease) in cash and due from banks	8,971	(439)
Cash and cash equivalents (including interest-earning deposits) at beginning of period	51,367	12,352
Cash and cash equivalents (including interest-earning deposits) at end of period	60,338	11,913
Cash paid for:
Interest	2,166	1,019
Income taxes	0	0
Non-cash investing and financing activities:
Unrealized (loss) gain on available-for-sale securities	(1,192)	45
Loans transferred to other real estate owned	47	50
Changes in deferred taxes resulting from other comprehensive income transactions	$ 248	$ (15)

Basis of Presentation

Basis of Presentation	3 Months Ended
	Mar. 31, 2018
Basis of Presentation	Note 1: Basis of Presentation Bay Banks of Virginia, Inc. (the “Company”) is the holding company for Virginia Commonwealth Bank, formerly known as Bank of Lancaster (the “Bank” or “VCB”), for VCB Financial Group, Inc., formerly known as Bay Trust Company (“VCBFG”), and for Steptoes Holdings, LLC (“Steptoes Holdings”). The consolidated financial statements of the Company include the accounts of Bay Banks of Virginia, Inc., the Bank, VCBFG, and Steptoes Holdings. On April 1, 2017, the Company completed the merger with Virginia BanCorp Inc., which is further discussed in Note 3, and as such, the consolidated financial statements presented herein reflect the combined operations of the business combination since the effective time of the merger. In August 2017, the Company completed a private placement of 3,783,784 shares of common stock at an offering price of $9.25 per share to certain existing shareholders, institutional investors, and other accredited investors. Proceeds from the offering, net of offering expenses, were $32.9 million. The accounting and reporting policies of the Company conform to accounting principles generally accepted in the United States of America (“GAAP”) and to the general practices within the banking industry. In management’s opinion, all adjustments, consisting only of normal recurring adjustments necessary for a fair presentation of the consolidated financial statements, have been included. The results of operations for the interim periods are not necessarily indicative of the results to be expected for the full year or for any other interim periods. These consolidated financial statements should be read in conjunction with the consolidated financial statements and notes to the consolidated financial statements included in the Company’s Annual Report on Form 10-K Certain amounts presented in the consolidated financial statements of prior periods have been reclassified to conform to current year presentations. The reclassifications had no effect on net income, net income per share, or shareholders’ equity as previously reported. All dollar amounts included in the tables in these notes are in thousands, except per share data, unless otherwise stated.

Amendments to the Accounting St

Amendments to the Accounting Standards Codification	3 Months Ended
	Mar. 31, 2018
Amendments to the Accounting Standards Codification	Note 2: Amendments to the Accounting Standards Codification In February 2018, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) 2018-02, Income Statement-Reporting Comprehensive Income (Topic 220): Reclassification of Certain Tax Effects from Accumulated Other Comprehensive Income (“AOCI”). In March 2017, the FASB issued ASU 2017-09, Compensation – Stock Compensation (Topic 718). In March 2017, the FASB issued ASU 2017-08, Receivables - Nonrefundable Fees and Other Costs (Subtopic 310-20), 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. In January 2017, the FASB issued ASU 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 available-for-sale available-for-sale available-for-sale In February 2016, the FASB issued ASU 2016-02, Leases (Topic 842) In January 2016, the FASB issued ASU 2016-01, Financial Instruments – Overall 825-10), available-for-sale available-for In May 2014, the FASB issued ASU 2014-09, Revenue from Contracts with Customers 2016-08, Principal versus Agent Considerations (Reporting Revenue Gross versus Net), 2016-10, Identifying Performance Obligations and Licensing, 2016-12, Narrow-Scope Improvements and Practical Expedients, 2016-20, Technical Corrections and Improvements to Topic 606, Revenue from Contracts with Customers.

Business Combination

Business Combination	3 Months Ended
	Mar. 31, 2018
Business Combination	Note 3: Business Combination On April 1, 2017, the Company and Virginia BanCorp Inc. (“Virginia BanCorp”), a bank holding company conducting substantially all of its operations through its subsidiary, Virginia Commonwealth Bank, completed a merger pursuant to the Agreement and Plan of Merger, dated as of November 2, 2016, by and between the Company and Virginia BanCorp (“the Merger”). The Company is the surviving corporation in the Merger, and the former shareholders of Virginia BanCorp received 1.178 shares of the Company’s common stock for each share of Virginia BanCorp common stock they owned immediately prior to the merger, for a total issuance of 4,586,221 shares of the Company’s common stock valued at approximately $42.2 million at the time of closing. As of the completion of the Merger, the Company’s legacy shareholders owned approximately 51% of the outstanding common stock of the Company, and Virginia BanCorp’s former shareholders owned approximately 49% of the outstanding common stock of the Company. After the Merger of Virginia BanCorp with and into the Company, Virginia BanCorp’s subsidiary bank was merged with and into Bank of Lancaster, a wholly-owned subsidiary of the Company, and immediately thereafter Bank of Lancaster changed its name to Virginia Commonwealth Bank. The Merger was accounted for using the acquisition method of accounting in accordance with Accounting Standards Codification (“ASC”) 805, Business Combinations The following table details the total consideration paid by the Company on April 1, 2017, in connection with the acquisition of Virginia BanCorp, the fair value of the assets acquired and liabilities assumed, and the resulting goodwill: Fair Value As Recorded As Recorded Adjustments by the by Virginia BanCorp and Reclassifications 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 Acquired loans were recorded at fair value at the acquisition date at $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. For loans identified as purchased credit-impaired (“PCI”), fair value was determined based on the estimated values of the underlying collateral or discounted cash flows. When estimating the amount and timing of both principal and interest cash flows expected to be collected, a market-based discount rate was applied to the loans, which 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 of pass, special mention, substandard, and doubtful, plus lien position. For valuation purposes, these pools were further disaggregated by maturity and pricing characteristics (e.g., fixed-rate, adjustable-rate, balloon maturities). As of April 1, 2017, the gross contractual amounts receivable and the fair value for the PCI loans 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 was as follows: 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 Acquired loans totaling approximately $55.4 million were held for sale as of April 1, 2017. In the third quarter of 2017, management withdrew these loans from held-for-sale status and classified them as held for investment. Premises and Equipment The fair value of Virginia BanCorp premises, including land, buildings and building improvements, was determined based upon appraisals 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 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. 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 were 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 time deposits. The resulting estimated fair value adjustment of time deposits ranging in maturity from one month to five years resulted in a $733 thousand premium that is being amortized into income on a level-yield basis over the weighted average remaining life. FHLB Advances The fair value of FHLB advances was considered to be equivalent to Virginia BanCorp’s recorded book balance as the advances matured in April 30, 2017. Deferred Tax Assets and Liabilities Certain deferred tax assets and liabilities were carried over to the Company from Virginia BanCorp based on the Company’s ability to utilize them in the future. Additionally, deferred tax assets and liabilities were established for acquisition accounting fair value adjustments as the future amortization/accretion of these adjustments represent temporary differences between book income and taxable income. Pro Forma Financial Information The table below illustrates the unaudited pro forma revenue and net income of the combined entities had the acquisition taken place on January 1, 2017. 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 noted, 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, 2017. Merger related expenses of $363 thousand were included in the Company’s actual consolidated statements of operations for the three months ended March 31, 2018, but were excluded from the unaudited pro forma information below. Prior to the Merger, during the first three months of 2017, the Company incurred $300 thousand of merger related expenses, which were also excluded from the unaudited pro forma information below. Operational cost savings and other efficiencies expected to be achieved by the Company due to the Merger are also not reflected in the unaudited pro forma amounts. For the three months ended Net interest income $ 6,986 Net income 790 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 period presented below. Three months ended Loans (1) $ 503 Core deposit intangible (2) (211 ) Time deposits (3) 68 Depreciation (4) (10 ) Net impact to income before income taxes $ 350 (1) Loan discount accretion is included in loans, including fees, in interest income in the consolidated statements of operations. (2) CDI amortization is included in other expense in non-interest (3) Time deposit premium amortization is included in deposits in interest expense in the consolidated statements of operations. (4) Depreciation on the fair value adjustment of fixed assets is included in occupancy expense in non-interest

Securities

Securities	3 Months Ended
	Mar. 31, 2018
Securities	Note 4: Securities The aggregate amortized costs and fair values of available-for-sale Gross Gross Amortized Unrealized Unrealized Fair March 31, 2018 Cost Gains (Losses) Value U.S. Government agencies and mortgage backed securities $ 49,086 $ 11 $ (1,475 ) $ 47,622 State and municipal obligations 21,064 39 (406 ) 20,697 Corporate bonds 7,096 19 — 7,115 Total available-for-sale $ 77,246 $ 69 $ (1,881 ) $ 75,434 Gross Gross Amortized Unrealized Unrealized Fair December 31, 2017 Cost Gains (Losses) Value U.S. Government agencies and mortgage backed securities $ 49,964 $ 6 $ (687 ) $ 49,283 State and municipal obligations 21,113 195 (155 ) 21,153 Corporate bonds 6,696 23 (2 ) 6,717 Total available-for-sale $ 77,773 $ 224 $ (844 ) $ 77,153 Average taxable equivalent yields on securities were 2.68% and 3.22% for the three months ended March 31, 2018 and 2017, respectively applying the statuatory rate for the respective periods. Securities with fair values of $19.1 million and $19.4 million were pledged as collateral for repurchase agreements and for other purposes as of March 31, 2018 and December 31, 2017, respectively. As of March 31, 2018 and December 31, 2017, all the securities pledged for repurchase agreements were state and municipal obligations. All the repurchase agreements had remaining contractual maturities that were overnight and continuous. Securities sold under repurchase agreements were $6.6 million and $9.5 million as of March 31, 2018 and December 31, 2017, respectively, and are 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 changes. Securities in an unrealized loss position at March 31, 2018 and December 31, 2017, by period of the unrealized loss, are shown below. The unrealized loss positions were primarily related to interest rate movements and not the credit quality of the issuers. All agency securities and states and municipal securities are investment grade or better, and their losses are considered temporary. Management does not intend to sell nor expect to be required to sell these securities, and all amortized cost bases are expected to be recovered. Securities with unrealized loss positions at March 31, 2018 included 40 U.S. government agencies and 48 state and municipal obligations. Securities with unrealized loss positions at December 31, 2017 included 36 U.S. government agencies, 34 state and municipal obligations, and one corporate bond. The following tables provide additional information on these securities as of the periods presented. Less than 12 months 12 months or more Total Fair Unrealized Fair Unrealized Fair Unrealized March 31, 2018 Value Loss Value Loss Value Loss U.S. Government agencies and mortgage backed securities $ 31,533 $ (885 ) $ 14,685 $ (590 ) $ 46,218 $ (1,475 ) States and municipal obligations 8,804 (86 ) 5,594 (320 ) 14,398 (406 ) Corporate bonds — — — — — — Total temporarily impaired securities $ 40,337 $ (971 ) $ 20,279 $ (910 ) $ 60,616 $ (1,881 ) Less than 12 months 12 months or more Total Fair Unrealized Fair Unrealized Fair Unrealized December 31, 2017 Value Loss Value Loss Value Loss U.S. Government agencies and mortgage backed securities $ 25,053 $ (353 ) $ 16,184 $ (334 ) $ 41,237 $ (687 ) States and municipal obligations 2,753 (15 ) 5,787 (140 ) 8,540 (155 ) Corporate bonds 498 (2 ) — — 498 (2 ) Total temporarily impaired securities $ 28,304 $ (370 ) $ 21,971 $ (474 ) $ 50,275 $ (844 ) The following table presents the amortized cost and fair value by contractual maturity of securities available for sale as of the dates stated. Expected maturities may differ from contractual maturities, as borrowers may have the right to call or prepay obligations with or without call or prepayment penalties. Securities that are not due at a single maturity date and equity securities that do not have contractual maturities are shown separately. March 31, 2018 December 31, 2017 Amortized Cost Fair Value Amortized Cost Fair Value State and municipal obligations Due in one year or less $ 1,240 $ 1,236 $ 1,241 $ 1,237 Due after one year but less than five years 7,987 7,931 7,173 7,219 Due after five years but less than ten years 11,356 11,063 11,736 11,740 Due after ten years 481 467 963 957 U.S. Government agencies and mortgage backed securities 49,086 47,622 49,964 49,283 Corporate bonds 7,096 7,115 6,696 6,717 Total availible-for-sale $ 77,246 $ 75,434 $ 77,773 $ 77,153 Restricted Securities The Company’s investment in FHLB stock totaled $3.4 million and $3.7 million at March 31, 2018 and December 31, 2017, respectively. The Company also had an investment in Federal Reserve Bank of Richmond (“FRB”) stock which totaled $1.9 million at both March 31, 2018 and December 31, 2017. The investments in both FHLB and FRB stock are required investments related to the Bank’s membership in 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.

Loans

Loans	3 Months Ended
	Mar. 31, 2018
Loans	Note 5: Loans Loans are reported at their recorded investment, which is the outstanding principal balance net of any unearned income, such as deferred fees and costs, charge-offs, and acquisition accounting adjustments (discounts) on acquired loans. Interest on loans is recognized over the term of the loan and is calculated using the interest method on principal amounts outstanding. Loan origination fees and certain direct origination costs are deferred and recognized as an adjustment of the related loan yield over the contractual term of the loan, adjusted for early pay-offs, All interest accrued but not collected for loans that are placed on non-accrual The following is a summary of the balances of loans as of the periods presented: March 31, 2018 December 31, 2017 Mortgage loans on real estate: Construction, Land and Land Development $ 72,860 $ 66,042 Farmland 800 923 Commercial Mortgages (Non-Owner 149,206 146,757 Commercial Mortgages (Owner Occupied) 79,140 80,052 Residential First Mortgages 277,042 269,365 Residential Revolving and Junior Mortgages 45,376 46,498 Commercial and Industrial loans 129,225 114,093 Consumer loans 37,011 42,566 Total loans 790,660 766,296 Net unamortized deferred loan costs 228 200 Allowance for loan losses (7,923 ) (7,770 ) Loans, net $ 782,965 $ 758,726 The recorded investment for past due and nonaccruing loans is shown in the following tables as of the periods presented. A loan past due by 90 days or more is generally placed on nonaccrual unless it is both well-secured and in the process of collection. 90 Days or 30-89 More Past Total Past Days Due and Due and Total March 31, 2018 Past Due Still Accruing Nonaccruals Nonaccruals Current Loans Mortgage Loans on Real Estate: Construction, Land and Land Development $ 153 $ — $ 1,090 $ 1,243 $ 71,617 $ 72,860 Farmland — — — — 800 800 Commercial Mortgages (Non-Owner — — 447 447 148,759 149,206 Commercial Mortgages (Owner Occupied) 219 127 1,809 2,155 76,985 79,140 Residential First Mortgages 4,305 67 1,987 6,359 270,683 277,042 Residential Revolving and Junior Mortgages 13 20 1,342 1,375 44,001 45,376 Commercial and Industrial 101 — 101 202 129,023 129,225 Consumer loans 304 — 116 420 36,591 37,011 Total loans $ 5,095 $ 214 $ 6,892 $ 12,201 $ 778,459 $ 790,660 90 Days or 30-89 More Past Total Past 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) 573 — 1,752 2,325 77,727 80,052 Residential First Mortgages 2,670 141 1,942 4,753 264,612 269,365 Residential Revolving and Junior Mortgages 449 20 1,338 1,807 44,691 46,498 Commercial and Industrial 331 — 92 423 113,670 114,093 Consumer loans 288 4 135 427 42,139 42,566 Total loans $ 5,021 $ 213 $ 6,496 $ 11,730 $ 754,566 $ 766,296 The following tables include an aging analysis, based upon contractual terms, of the recorded investment of PCI loans as of the periods presented, included in the tables above. 90 Days or 30-89 More Past Total Past Days Due and Due and PCI March 31, 2018 Past Due Still Accruing Nonaccruals Nonaccruals Current Loans Mortgage Loans on Real Estate: Construction, Land and Land Development $ 23 $ — $ — $ 23 $ 1,374 $ 1,397 Commercial Mortgages (Non-Owner — — — — 163 163 Commercial Mortgages (Owner Occupied) 30 127 — 157 156 313 Residential First Mortgages 105 67 — 172 3,549 3,721 Residential Revolving and Junior Mortgages — 20 — 20 26 46 Consumer loans — — — — 63 63 Total purchased credit-impaired loans $ 158 $ 214 $ — $ 372 $ 5,331 $ 5,703 90 Days or 30-89 More Past Total Past Days Due and Due and PCI 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 purchased credit-imparied loans $ 510 $ 165 $ — $ 675 $ 5,150 $ 5,825

Allowance for Loan Losses

Allowance for Loan Losses	3 Months Ended
	Mar. 31, 2018
Allowance for Loan Losses	Note 6: Allowance for Loan Losses The allowance for loan losses (“ALL”) reflects management’s judgment of probable loan losses inherent in the loan 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. 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; and (2) all loans risk rated Substandard or worse with balances of $400 thousand or more; and (3) all loans classified as a troubled debt restructuring (“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. Loans Evaluated for Impairment The following tables show loans evaluated for impairment individually and collectively by segment as of the periods presented. Mortgage Commercial Consumer Loans and and Other March 31, 2018 on Real Estate Industrial Loans Total Allowance for loan losses applicable to: Loans individually evaluated for impairment $ 1,043 $ 101 $ 141 $ 1,285 Loans collectively evaluated for impairment 3,147 942 2,549 6,638 Purchased credit impaired loans — — — — Total allowance on loan losses $ 4,190 $ 1,043 $ 2,690 $ 7,923 Loan balances applicable to: Loans individually evaluated for impairment $ 9,295 $ 101 $ 141 $ 9,537 Loans collectively evaluated for impairment 609,489 129,124 36,807 775,420 Purchased credit impaired loans 5,640 — 63 5,703 Total loans $ 624,424 $ 129,225 $ 37,011 $ 790,660 December 31, 2017 Allowance for loan losses applicable to: Loans individually evaluated for impairment $ 861 $ 92 $ 141 $ 1,094 Loans collectively evaluated for impairment 3,003 786 2,887 6,676 Purchased credit impaired loans — — — — Total allowance on loan losses $ 3,864 $ 878 $ 3,028 $ 7,770 Loan balances applicable to: Loans individually evaluated for impairment $ 8,874 $ 92 $ 141 $ 9,107 Loans collectively evaluated for impairment 595,007 114,001 42,356 751,364 Purchased credit impaired loans 5,756 — 69 5,825 Total loans $ 609,637 $ 114,093 $ 42,566 $ 766,296 The following tables show an analysis of the change in the ALL by segment for the periods presented. Mortgage Commercial Loans on and Consumer Real Estate Industrial Loans Total For the three months ended March 31, 2018 Beginning Balance $ 3,864 $ 878 $ 3,028 $ 7,770 (Charge-offs) (31 ) (14 ) (343 ) (388 ) Recoveries 27 — 194 221 Provision (benefit) 330 179 (189 ) 320 Ending Balance $ 4,190 $ 1,043 $ 2,690 $ 7,923 Mortgage Commercial Loans on and Consumer Real Estate Industrial Loans Total For the three months ended March 31, 2017 Beginning Balance $ 3,318 $ 493 $ 52 $ 3,863 (Charge-offs) (132 ) — (8 ) (140 ) Recoveries 78 — 2 80 Provision (benefit) 157 35 (2 ) 190 Ending Balance $ 3,421 $ 528 $ 44 $ 3,993 Purchased Credit-Impaired Loans The following table presents the changes in the accretable yield for PCI loans for the period presented. Three months ended Balance as of December 31, 2017 $ 1,087 Accretion of acquisition accounting adjustment (85 ) Reclassifications from nonaccretable balance, net — Other changes, net — Balance as of March 31, 2018 $ 1,002 Internal Risk Rating Grades The Company’s loan portfolio, with the exception of pooled consumer loans, 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 loans, 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 Risk rating categories are as follows: Pass Watch Special Mention Substandard Doubtful Loss The tables below show the risk ranking of loans as of the periods presented. March 31, 2018 Construction, Farmland Residential Residential Commercial (Non-Owner Commercial Commercial Consumer Total Grade: Pass $ 62,812 $ 800 $ 263,932 $ 42,581 $ 143,118 $ 67,724 $ 125,493 $ 11,208 $ 717,668 Watch 6,991 — 8,807 1,393 5,445 9,113 2,385 25,457 59,591 Special mention — — 923 — — 112 1,246 141 2,422 Substandard 3,057 — 3,380 1,402 643 2,191 101 205 10,979 Doubtful — — — — — — — — — Total loans $ 72,860 $ 800 $ 277,042 $ 45,376 $ 149,206 $ 79,140 $ 129,225 $ 37,011 $ 790,660 December 31, 2017 Construction, Farmland Residential Residential Commercial (Non-Owner Commercial Commercial Consumer 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 loans $ 66,042 $ 923 $ 269,365 $ 46,498 $ 146,757 $ 80,052 $ 114,093 $ 42,566 $ 766,296 Impaired Loans The following tables show the Company’s recorded investment and the borrowers’ unpaid principal balances for impaired loans, excluding PCI loans, with the associated ALL amount, if applicable, as of the periods presented. As of March 31, 2018 As of December 31, 2017 Recorded Borrowers’ Unpaid Related Recorded Borrowers’ Unpaid Related With no related allowance: Construction, Land and Land Development $ 726 $ 1,275 $ — $ 900 $ 1,378 $ — Residential First Mortgages 1,533 1,533 — 1,488 1,488 — Residential Revolving and Junior Mortgages 414 414 — 414 414 — Commercial Mortgages (Non-owner — — — — — — Commercial Mortgages (Owner occupied) 1,778 2,028 — 1,721 1,971 — Commercial and Industrial — — — — — — Consumer-Other — — — — — — Total impaired loans with no related allowance 4,451 5,250 — 4,523 5,251 — With an allowance recorded: Construction, Land and Land Development 526 526 189 550 621 137 Residential First Mortgages 2,402 2,404 498 1,914 1,914 367 Residential Revolving and Junior Mortgages 1,374 1,374 222 1,340 1,340 162 Commercial Mortgages (Non-owner — — — — — — Commercial Mortgages (Owner occupied) 542 542 134 547 586 195 Commercial and Industrial 101 101 101 92 92 92 Consumer-Other 141 141 141 141 141 141 Total impaired loans with allowance recorded 5,086 5,088 1,285 4,584 4,694 1,094 Total Impaired Loans: Construction, Land and Land Development 1,252 1,801 189 1,450 1,999 137 Residential First Mortgages 3,935 3,937 498 3,402 3,402 367 Residential Revolving and Junior Mortgages 1,788 1,788 222 1,754 1,754 162 Commercial Mortgages (Non-owner — — — — — — Commercial Mortgages (Owner occupied) 2,320 2,570 134 2,268 2,557 195 Commercial and Industrial 101 101 101 92 92 92 Consumer-Other 141 141 141 141 141 141 Total Impaired Loans $ 9,537 $ 10,338 $ 1,285 $ 9,107 $ 9,945 $ 1,094 The following table shows the average recorded investment and interest income recognized for impaired loans, excluding PCI loans, for the periods presented. For the three months ended March 31, 2018 March 31, 2017 Average Interest Average Interest Recorded Income Recorded Income Investment Recognized Investment Recognized With no related allowance: Construction, land and land development $ 851 $ 1 $ 1,493 $ 13 Residential First Mortgages 1,510 17 2,108 5 Residential Revolving and Junior Mortgages 414 1 995 10 Commercial Mortgages (Non-owner — — 248 4 Commercial Mortgages (Owner occupied) 1,777 7 2,159 5 Commercial and Industrial — — — — Consumer - Other — 1 — — Total impaired loans with no allowance 4,552 27 7,003 37 With an allowance recorded: Construction, land and land development 500 5 241 1 Residential First Mortgages 2,159 10 1,946 24 Residential Revolving and Junior Mortgages 1,357 3 527 5 Commercial Mortgages (Non-owner — — — — Commercial Mortgages (Owner occupied) 544 6 406 — Commercial and Industrial 97 — 92 — Total impaired loans with allowance recorded 4,657 24 3,212 30 Total Impaired Loans: Construction, land and land development 1,351 6 1,734 14 Residential First Mortgages 3,669 27 4,054 29 Residential Revolving and Junior Mortgages 1,771 4 1,522 15 Commercial Mortgages (Non-owner — — 248 4 Commercial Mortgages (Owner occupied) 2,321 13 2,565 5 Commercial and Industrial 97 1 92 — Total impaired loans $ 9,209 $ 51 $ 10,215 $ 67 The following table presents a reconciliation of nonaccrual loans to impaired loans as of the periods presented. March 31, 2018 December 31, 2017 Nonaccrual loans $ 6,892 $ 6,496 Nonaccrual loans not individually evaluated for impairment (1,673 ) (854 ) Nonaccrual impaired loans 5,219 5,642 TDRs on accrual 2,955 2,214 Other impaired loans on accrual 1,363 1,251 Total impaired loans $ 9,537 $ 9,107 Troubled Debt Restructuring 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 or an extension of the maturity date at a stated interest rate lower than the current market rate for new debt with similar risks, 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. Loans modified as TDRs are considered impaired and are individually evaluated for impairment for the ALL. The following table presents, by segment, information related to loans modified as TDRs. For the three months ended For the three months ended March 31, 2018 March 31, 2017 Pre-Modification Post-Modification Pre-Modification Post-Modification Outstanding Outstanding Outstanding Outstanding Number of Recorded Recorded Number of Recorded Recorded Loans Investment Investment Loans Investment Investment Residential first mortgages (1) 3 $ 560 $ 562 — $ — $ — (1) Modifications were an extension of the loan terms. No loans designated as TDRs subsequently defaulted in the first three months 2018 or 2017. The following table presents a rollforward of accruing and nonaccruing TDRs for the period presented. Accruing Nonaccruing Total Balance as of December 31, 2017 $ 2,214 $ 1,850 $ 4,064 Charge-offs — — — Payments and other adjustments (15 ) 124 109 New TDR designation 562 — 562 Release TDR designation — — — Transfer — — — Balance as of March 31, 2018 $ 2,761 $ 1,974 $ 4,735

Other Real Estate Owned, Net

Other Real Estate Owned, Net	3 Months Ended
	Mar. 31, 2018
Other Real Estate Owned, Net	Note 7: Other Real Estate Owned, net The table below details the properties included in other real estate owned (“OREO”) as of the periods presented. March 31, 2018 December 31, 2017 Number of Carrying Number of Carrying Properties Value Properties Value Residential 2 $ 404 5 $ 443 Land lots 20 1,653 20 3,223 Convenience store 1 55 1 55 Restaurant — — 1 36 Commerical properties 2 481 2 527 Total other real estate owned 25 $ 2,593 29 $ 4,284 There was one $47 thousand collateralized consumer land loan and one $27 thousand collateralized residential mortgage loan in the process of foreclosure as of March 31, 2018.

Earnings (loss) per share

Earnings (loss) per share	3 Months Ended
	Mar. 31, 2018
Earnings (loss) per share	Note 8: Earnings (loss) per share The following table shows the weighted average number of shares used in computing earnings (loss) per share and the effect on the weighted average number of shares of dilutive potential common stock. Basic earnings (loss) per share amounts are computed by dividing the income (loss) (the numerator) by the weighted average number of common shares outstanding (the denominator). Diluted earnings (loss) per share amounts assume the conversion, exercise, or issuance of all potential common stock instruments, unless the effect is to reduce the loss or increase the income per common share. For both computations, the weighted average number of employee stock ownership plan (“ESOP”) shares committed to be released to participant accounts purchased by the ESOP and unvested restricted shares are not assumed to be outstanding. The weighted average ESOP shares committed to be released which were excluded from the computation, were 161,369 for the three months ended March 31, 2018. There were no ESOP shares committed to be released excluded for the three months ended March 31, 2017. For the three months ended March 31, 2018 and 2017, options on 87,548 and 91,368 shares, respectively, were not included in computing diluted earnings (loss) per share because their effects would have been anti-dilutive, and 3,603 and no restricted shares for the three months ended March 31, 2018 and 2017, respectively, because their effects would have been anti-dilutive. For the three months ended March 31, 2018 March 31, 2017 Net income (loss) $ 1,124 $ (177 ) Weighted average shares outstanding, basic 13,038,593 4,776,800 Dilutive shares: Stock options 67,596 — Restricted shares 25 — Weighted average shares outstanding, dilutive 13,106,214 4,776,800 Basic and diluted earnings (loss) per share $ 0.09 $ (0.04 )

Employee Benefit Plans

Employee Benefit Plans	3 Months Ended
	Mar. 31, 2018
Employee Benefit Plans	Note 9: Employee Benefit Plans The Company has a non-contributory, The Company also sponsored a post-retirement benefit plan covering retirees who were age 55 with 10 years of service or age 65 with five years of service prior to March 1, 2018, when the plan was frozen. The post-retirement benefit plan provides coverage toward a retiree’s eligible medical and life insurance benefits expenses. The plan is unfunded and funded as benefits are paid. The following table shows the components of net periodic cost (benefit) for the periods presented. Pension benefits Post-retirement benefits For the three months ended March 31, 2018 2017 2018 2017 Service cost $ — $ — $ 1 $ 5 Interest cost 23 31 1 5 Expected return on plan assets (38 ) (45 ) — — Settlement loss 46 13 — — Amortization of net gain 13 — (7 ) (2 ) Curtailment gain (at 3/1/2018) — — (352 ) — Recognized net actuarial loss — 19 — — Net periodic cost (benefit) $ 44 $ 18 $ (357 ) $ 8 The Company expects to make no contribution to its pension plan and $6 thousand to its post-retirement benefit plan during the remainder of 2018. Payments to retirees under the post-retirement plan are considered contributions, and the Company has made $2 thousand of such payments during the first three months of 2018. The Company recognized a gain on the curtailment of the post-retirement plan of $352 thousand at March 1, 2018, which is included in other income in the consolidated statements of operations for the three months ended March 31, 2018.

Borrowings

Borrowings	3 Months Ended
	Mar. 31, 2018
Borrowings	Note 10: Borrowings FHLB Borrowings As of March 31, 2018, the Bank had $60.0 million of outstanding FHLB borrowings, consisting of two advances. As of December 31, 2017, two advances totaling $70.0 million were outstanding. Advances on the FHLB lines are secured by a blanket lien on qualified one-to-four Further information regarding the two advances outstanding as of March 31, 2018 are shown in the following table: Current Maturity Description Balance Originated Interest Rate Date Adjustable Rate Hybrid $ 10,000 4/12/2013 4.10 % 4/13/2020 Fixed Rate Credit 50,000 3/5/2018 1.63 % 4/2/2018 Total FHLB Borrowings $ 60,000 2.04 % Subordinated Notes 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 and bear interest, payable on the first 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, 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 notes to be due and immediately payable. The notes are unsecured, subordinated obligations of the Company and 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. The aggregate carrying value of the notes, including capitalized debt issuance costs, was $6.9 million at both March 31, 2018 and December 31, 2017. For the three-month periods ended March 31, 2018 and 2017, the effective interest rate on the notes was 6.86% and 6.82%, respectively. ESOP Debt The aggregate carrying value of debt secured by shares of stock, issued and outstanding, in the Company’s ESOP was $1.1 million at March 31, 2018 and December 31, 2017 and included in other liabilities on the consolidated balance sheets. The debt is comprised of five fixed rate amortizing notes, four of which carry an interest rate of 3.25% and one which carries an interest rate of 4.50% with maturity dates ranging from March 1, 2019 to December 31, 2027. Shares that collateralize these loans are not allocated to participants’ accounts.

Fair Value Measurements

Fair Value Measurements	3 Months Ended
	Mar. 31, 2018
Fair Value Measurements	Note 11: Fair Value Measurements The Company uses fair value to record certain assets and liabilities and to determine fair value disclosures. Authoritative accounting guidance clarifies that fair value of certain assets and liabilities is an exit price, representing the amount that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. Fair value also assumes that the reporting entity would sell the asset or transfer the liability in the principal or most advantageous market. 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: Available-for-sale Available-for-sale available-for-sale Mortgage servicing rights (“MSR”) 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 March 31, 2018 and as of December 31, 2017. 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 131% and 150% as of March 31, 2018 and December 31, 2017, respectively. A discount rate of 13.0% was then applied to each pool as of March 31, 2018 and as of December 31, 2017. The 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. The following table presents the balances of financial assets and liabilities measured at fair value on a recurring basis as of the end of the periods presented. Balance as of Fair Value Measurements as of March 31, 2018 Using Level 1 Level 2 Level 3 Available-for-sale U. S. Government agencies and mortgage backed securities $ 47,622 $ — $ 47,622 $ — State and municipal obligations 20,697 — 20,697 — Corporate bonds 7,115 — — 7,115 Total available for sale securities: $ 75,434 $ — $ 68,319 $ 7,115 Mortgage servicing rights $ 930 $ — $ — $ 930 Balance as of Fair Value Measurements as of December 31, 2017 Using Level 1 Level 2 Level 3 Available-for-sale U. S. Government agencies and mortgage backed securities $ 49,283 $ — $ 49,283 $ — State and municipal obligations 21,153 — 21,153 — Corporate bonds 6,717 — — 6,717 Total available for sale securities: $ 77,153 $ — $ 70,436 $ 6,717 Mortgage servicing rights $ 999 $ — $ — $ 999 The reconciliation of items using Level 3 inputs is as follows: MSR Corporate Balance, December 31, 2017 $ 999 $ 6,717 Purchases — 400 Fair value adjustments (69 ) (2 ) Sales — — Balance, March 31, 2018 $ 930 $ 7,115 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 non-recurring Fair Value Measurements as of March 31, 2018 Using Balance as of Level 1 Level 2 Level 3 Impaired loans $ 3,803 $ — $ — $ 3,803 Other real estate owned 2,593 — — 2,593 Fair Value Measurements as of December 31, 2017 Using Balance as of Level 1 Level 2 Level 3 Impaired loans $ 3,491 $ — $ — $ 3,491 Other real estate owned 4,284 — — 4,284 The following table displays quantitative information about Level 3 Fair Value Measurements as of March 31, 2018: Balance as of Valuation Unobservable Range Impaired loans $ 3,803 Discounted appraised value Selling Cost Lack of Marketability 10%-20% (15%) 50%-100% (68%) Discounted cash flows Discount rate 5% Other real estate owned 2,593 Discounted appraised value Selling Cost Lack of Marketability 3%-13% 10%-100% (15%) The following table displays quantitative information about Level 3 Fair Value Measurements as of December 31, 2017: Balance as of Valuation Unobservable Range Impaired loans $ 3,491 Discounted appraised value Selling Cost Lack of Marketability 6%-20% (16%) 50%-90% (65%) Discounted cash flows Discount rate 5%-6% (6%) Other real estate owned 4,284 Discounted appraised value Selling Cost Lack of Marketability 3%-13% 10%-100% (16%) In 2018, the Company adopted ASU 2016-01, Financial Instruments – Overall 825-10), The following table summarizes the Company’s assets and liabilities at carrying values and estimated fair values on a nonrecurring basis as of periods presented. Fair Value Measurements as of March 31, 2018 Using Carrying value as of Fair Value as of March 31, 2018 March 31, 2018 Level 1 Level 2 Level 3 Financial Assets: Cash and due from banks $ 7,774 $ 7,774 $ 7,774 $ — $ — Interest-bearing deposits 52,564 52,564 52,564 — — Certificates of deposit 3,224 3,224 — 3,224 — Federal funds sold 3,358 3,358 3,358 — — Restricted securities 5,510 5,510 — 5,510 — Loans receivable, net 782,965 770,564 — — 770,564 Loans held for sale 414 414 — 414 — Accrued interest receivable 2,844 2,844 — — 2,844 Financial Liabilities: Noninterest-bearing liabilities 124,572 124,572 124,572 — — Savings and interest-bearing demand deposits 299,216 299,216 — 299,216 — Time deposits 373,163 373,809 — 373,809 — Securities sold under repurchase agreements 6,551 6,551 — 6,551 — FHLB advances 60,000 60,422 — 60,422 — Subordinated notes 6,881 7,055 — 7,055 — Fair Value Measurements as of December 31, 2017 Using Carrying value as of Fair Value as of 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 — — Restricted securities 5,787 5,787 — 5,787 — Loans receivable, 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 Financial Liabilities: Noninterest-bearing liabilities $ 103,037 $ 103,037 $ 103,037 $ — $ — Savings and interest-bearing demand 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 notes 6,877 7,000 — — 7,000 The carrying values of cash and due from banks, interest-bearing deposits, certificates of deposit, federal funds sold or purchased, accrued interest receivable, loans held for sale, and non-interest-bearing The carrying value of restricted securities approximates fair value based on the redemption provisions of the issuer. The fair value of performing loans is estimated by discounting the future cash flows using two sets of data sources. First, recent originations, occurring over the prior twelve months, were evaluated, and second, market data showing originations over the prior three months was evaluated. The selected rate was the greater of the two sources. For all loans other than a selective consumer loan portfolio, credit loss severity rates were calculated using the probability of default and the loss given default percentages derived from market data. For the consumer loan portfolio, historical delinquency data was obtained by the servicer of the portfolio. The fair value of impaired loans is measured as described within the Impaired Loans section of this note. The fair value of loans does consider the lack of liquidity and uncertainty in the market that might affect the valuation. Time deposits are presented at estimated fair value by discounting the future cash flows using recent issuance rates over the prior three months and a market rate analysis of recent offering rates. The fair value of the Company’s subordinated notes is estimated by utilizing recent issuance rates for subordinated debt offerings of similar issuer size. The fair value of the FHLB advances is estimated by discounting the future cash flows using current interest rates offered for similar advances. The fair value of commitments to extend credit is estimated using the fees currently charged to enter similar agreements, taking into account the remaining terms of the agreements and the present credit worthiness of the counter parties. For fixed rate loan commitments, fair value also considers the difference between current levels of interest rates and the committed rates. The fair value of standby letters of credit is based on fees currently charged for similar agreements or on the estimated cost to terminate them or otherwise settle the obligations with the counter parties at the reporting date. At March 31, 2018 and December 31, 2017, the fair value of loan commitments and standby letters of credit was immaterial, and therefore not included in the table above. The Company assumes interest rate risk (the risk that general interest rate levels will change) as a result of its normal operations. As a result, the fair value of the Company’s financial instruments will change when interest rate levels change and that change may be either favorable or unfavorable to the Company. Management attempts to match maturities of assets and liabilities to the extent believed necessary to minimize interest rate risk. However, borrowers with fixed rate obligations are less likely to prepay in a rising rate environment. Conversely, depositors who are receiving fixed rates are more likely to withdraw funds before maturity in a rising rate environment and less likely to do so in a falling rate environment. Management monitors rates and maturities of assets and liabilities and attempts to minimize interest rate risk by adjusting terms of new loans and deposits and by investing in securities with terms that mitigate the Company’s overall interest rate risk.

Changes in Accumulated Other Co

Changes in Accumulated Other Comprehensive Income (Loss)	3 Months Ended
	Mar. 31, 2018
Changes in Accumulated Other Comprehensive Income (Loss)	Note 12: Changes in Accumulated Other Comprehensive Income (Loss) The components of accumulated other comprehensive income (loss) net of taxes are shown in the following tables for the periods presented: For the three months ended March 31, 2018 Net Unrealized Pension and Post-retirement Accumulated Other Balance as of January 1, 2018 $ (489 ) $ (667 ) $ (1,156 ) Change in net unrealized holding loss on available for sale securities, net of tax benefit of $248 (944 ) — (944 ) Balance as of March 31, 2018 $ (1,433 ) $ (667 ) $ (2,100 )

Business Combination (Tables)

Business Combination (Tables)	3 Months Ended
	Mar. 31, 2018
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 Adjustments by the by Virginia BanCorp and Reclassifications 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 was as follows: 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	Operational cost savings and other efficiencies expected to be achieved by the Company due to the Merger are also not reflected in the unaudited pro forma amounts. For the three months ended Net interest income $ 6,986 Net income 790
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 period presented below. Three months ended Loans (1) $ 503 Core deposit intangible (2) (211 ) Time deposits (3) 68 Depreciation (4) (10 ) Net impact to income before income taxes $ 350 (1) Loan discount accretion is included in loans, including fees, in interest income in the consolidated statements of operations. (2) CDI amortization is included in other expense in non-interest (3) Time deposit premium amortization is included in deposits in interest expense in the consolidated statements of operations. (4) Depreciation on the fair value adjustment of fixed assets is included in occupancy expense in non-interest

Securities (Tables)

Securities (Tables)	3 Months Ended
	Mar. 31, 2018
Aggregate Amortized Costs and Fair Values of Available-for-Sale Securities	The aggregate amortized costs and fair values of available-for-sale Gross Gross Amortized Unrealized Unrealized Fair March 31, 2018 Cost Gains (Losses) Value U.S. Government agencies and mortgage backed securities $ 49,086 $ 11 $ (1,475 ) $ 47,622 State and municipal obligations 21,064 39 (406 ) 20,697 Corporate bonds 7,096 19 — 7,115 Total available-for-sale $ 77,246 $ 69 $ (1,881 ) $ 75,434 Gross Gross Amortized Unrealized Unrealized Fair December 31, 2017 Cost Gains (Losses) Value U.S. Government agencies and mortgage backed securities $ 49,964 $ 6 $ (687 ) $ 49,283 State and municipal obligations 21,113 195 (155 ) 21,153 Corporate bonds 6,696 23 (2 ) 6,717 Total available-for-sale $ 77,773 $ 224 $ (844 ) $ 77,153
Unrealized Loss Positions	The following tables provide additional information on these securities as of the periods presented. Less than 12 months 12 months or more Total Fair Unrealized Fair Unrealized Fair Unrealized March 31, 2018 Value Loss Value Loss Value Loss U.S. Government agencies and mortgage backed securities $ 31,533 $ (885 ) $ 14,685 $ (590 ) $ 46,218 $ (1,475 ) States and municipal obligations 8,804 (86 ) 5,594 (320 ) 14,398 (406 ) Corporate bonds — — — — — — Total temporarily impaired securities $ 40,337 $ (971 ) $ 20,279 $ (910 ) $ 60,616 $ (1,881 ) Less than 12 months 12 months or more Total Fair Unrealized Fair Unrealized Fair Unrealized December 31, 2017 Value Loss Value Loss Value Loss U.S. Government agencies and mortgage backed securities $ 25,053 $ (353 ) $ 16,184 $ (334 ) $ 41,237 $ (687 ) States and municipal obligations 2,753 (15 ) 5,787 (140 ) 8,540 (155 ) Corporate bonds 498 (2 ) — — 498 (2 ) Total temporarily impaired securities $ 28,304 $ (370 ) $ 21,971 $ (474 ) $ 50,275 $ (844 )
Summary of Amortized Cost and Fair Value by Contractual Maturity of Securities Available for Sale	The following table presents the amortized cost and fair value by contractual maturity of securities available for sale as of the dates stated. Expected maturities may differ from contractual maturities, as borrowers may have the right to call or prepay obligations with or without call or prepayment penalties. Securities that are not due at a single maturity date and equity securities that do not have contractual maturities are shown separately. March 31, 2018 December 31, 2017 Amortized Cost Fair Value Amortized Cost Fair Value State and municipal obligations Due in one year or less $ 1,240 $ 1,236 $ 1,241 $ 1,237 Due after one year but less than five years 7,987 7,931 7,173 7,219 Due after five years but less than ten years 11,356 11,063 11,736 11,740 Due after ten years 481 467 963 957 U.S. Government agencies and mortgage backed securities 49,086 47,622 49,964 49,283 Corporate bonds 7,096 7,115 6,696 6,717 Total availible-for-sale $ 77,246 $ 75,434 $ 77,773 $ 77,153

Loans (Tables)

Loans (Tables)	3 Months Ended
	Mar. 31, 2018
Summary of Balances of Loans	The following is a summary of the balances of loans as of the periods presented: March 31, 2018 December 31, 2017 Mortgage loans on real estate: Construction, Land and Land Development $ 72,860 $ 66,042 Farmland 800 923 Commercial Mortgages (Non-Owner 149,206 146,757 Commercial Mortgages (Owner Occupied) 79,140 80,052 Residential First Mortgages 277,042 269,365 Residential Revolving and Junior Mortgages 45,376 46,498 Commercial and Industrial loans 129,225 114,093 Consumer loans 37,011 42,566 Total loans 790,660 766,296 Net unamortized deferred loan costs 228 200 Allowance for loan losses (7,923 ) (7,770 ) Loans, net $ 782,965 $ 758,726
Recorded Investment for Past Due and Non-accruing Loans	The recorded investment for past due and nonaccruing loans is shown in the following tables as of the periods presented. A loan past due by 90 days or more is generally placed on nonaccrual unless it is both well-secured and in the process of collection. 90 Days or 30-89 More Past Total Past Days Due and Due and Total March 31, 2018 Past Due Still Accruing Nonaccruals Nonaccruals Current Loans Mortgage Loans on Real Estate: Construction, Land and Land Development $ 153 $ — $ 1,090 $ 1,243 $ 71,617 $ 72,860 Farmland — — — — 800 800 Commercial Mortgages (Non-Owner — — 447 447 148,759 149,206 Commercial Mortgages (Owner Occupied) 219 127 1,809 2,155 76,985 79,140 Residential First Mortgages 4,305 67 1,987 6,359 270,683 277,042 Residential Revolving and Junior Mortgages 13 20 1,342 1,375 44,001 45,376 Commercial and Industrial 101 — 101 202 129,023 129,225 Consumer loans 304 — 116 420 36,591 37,011 Total loans $ 5,095 $ 214 $ 6,892 $ 12,201 $ 778,459 $ 790,660 90 Days or 30-89 More Past Total Past 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) 573 — 1,752 2,325 77,727 80,052 Residential First Mortgages 2,670 141 1,942 4,753 264,612 269,365 Residential Revolving and Junior Mortgages 449 20 1,338 1,807 44,691 46,498 Commercial and Industrial 331 — 92 423 113,670 114,093 Consumer loans 288 4 135 427 42,139 42,566 Total loans $ 5,021 $ 213 $ 6,496 $ 11,730 $ 754,566 $ 766,296
PCI Loans
Recorded Investment for Past Due and Non-accruing Loans	The following tables include an aging analysis, based upon contractual terms, of the recorded investment of PCI loans as of the periods presented, included in the tables above. 90 Days or 30-89 More Past Total Past Days Due and Due and PCI March 31, 2018 Past Due Still Accruing Nonaccruals Nonaccruals Current Loans Mortgage Loans on Real Estate: Construction, Land and Land Development $ 23 $ — $ — $ 23 $ 1,374 $ 1,397 Commercial Mortgages (Non-Owner — — — — 163 163 Commercial Mortgages (Owner Occupied) 30 127 — 157 156 313 Residential First Mortgages 105 67 — 172 3,549 3,721 Residential Revolving and Junior Mortgages — 20 — 20 26 46 Consumer loans — — — — 63 63 Total purchased credit-impaired loans $ 158 $ 214 $ — $ 372 $ 5,331 $ 5,703 90 Days or 30-89 More Past Total Past Days Due and Due and PCI 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 purchased credit-imparied loans $ 510 $ 165 $ — $ 675 $ 5,150 $ 5,825

Allowance for Loan Losses (Tabl

Allowance for Loan Losses (Tables)	3 Months Ended
	Mar. 31, 2018
Loans Evaluated for Impairment Individually and Collectively by Segment	The following tables show loans evaluated for impairment individually and collectively by segment as of the periods presented. Mortgage Commercial Consumer Loans and and Other March 31, 2018 on Real Estate Industrial Loans Total Allowance for loan losses applicable to: Loans individually evaluated for impairment $ 1,043 $ 101 $ 141 $ 1,285 Loans collectively evaluated for impairment 3,147 942 2,549 6,638 Purchased credit impaired loans — — — — Total allowance on loan losses $ 4,190 $ 1,043 $ 2,690 $ 7,923 Loan balances applicable to: Loans individually evaluated for impairment $ 9,295 $ 101 $ 141 $ 9,537 Loans collectively evaluated for impairment 609,489 129,124 36,807 775,420 Purchased credit impaired loans 5,640 — 63 5,703 Total loans $ 624,424 $ 129,225 $ 37,011 $ 790,660 December 31, 2017 Allowance for loan losses applicable to: Loans individually evaluated for impairment $ 861 $ 92 $ 141 $ 1,094 Loans collectively evaluated for impairment 3,003 786 2,887 6,676 Purchased credit impaired loans — — — — Total allowance on loan losses $ 3,864 $ 878 $ 3,028 $ 7,770 Loan balances applicable to: Loans individually evaluated for impairment $ 8,874 $ 92 $ 141 $ 9,107 Loans collectively evaluated for impairment 595,007 114,001 42,356 751,364 Purchased credit impaired loans 5,756 — 69 5,825 Total loans $ 609,637 $ 114,093 $ 42,566 $ 766,296
ALL by Portfolio Segment	The following tables show an analysis of the change in the ALL by segment for the periods presented. Mortgage Commercial Loans on and Consumer Real Estate Industrial Loans Total For the three months ended March 31, 2018 Beginning Balance $ 3,864 $ 878 $ 3,028 $ 7,770 (Charge-offs) (31 ) (14 ) (343 ) (388 ) Recoveries 27 — 194 221 Provision (benefit) 330 179 (189 ) 320 Ending Balance $ 4,190 $ 1,043 $ 2,690 $ 7,923 Mortgage Commercial Loans on and Consumer Real Estate Industrial Loans Total For the three months ended March 31, 2017 Beginning Balance $ 3,318 $ 493 $ 52 $ 3,863 (Charge-offs) (132 ) — (8 ) (140 ) Recoveries 78 — 2 80 Provision (benefit) 157 35 (2 ) 190 Ending Balance $ 3,421 $ 528 $ 44 $ 3,993
Schedule of Changes in Accretable Yield for PCI Loans	The following table presents the changes in the accretable yield for PCI loans for the period presented. Three months ended Balance as of December 31, 2017 $ 1,087 Accretion of acquisition accounting adjustment (85 ) Reclassifications from nonaccretable balance, net — Other changes, net — Balance as of March 31, 2018 $ 1,002
Internal Risk Rating Grades	The tables below show the risk ranking of loans as of the periods presented. March 31, 2018 Construction, Farmland Residential Residential Commercial (Non-Owner Commercial Commercial Consumer Total Grade: Pass $ 62,812 $ 800 $ 263,932 $ 42,581 $ 143,118 $ 67,724 $ 125,493 $ 11,208 $ 717,668 Watch 6,991 — 8,807 1,393 5,445 9,113 2,385 25,457 59,591 Special mention — — 923 — — 112 1,246 141 2,422 Substandard 3,057 — 3,380 1,402 643 2,191 101 205 10,979 Doubtful — — — — — — — — — Total loans $ 72,860 $ 800 $ 277,042 $ 45,376 $ 149,206 $ 79,140 $ 129,225 $ 37,011 $ 790,660 December 31, 2017 Construction, Farmland Residential Residential Commercial (Non-Owner Commercial Commercial Consumer 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 loans $ 66,042 $ 923 $ 269,365 $ 46,498 $ 146,757 $ 80,052 $ 114,093 $ 42,566 $ 766,296
Company's Recorded Investment and Borrowers' Unpaid Principal Balances for Impaired Loans, Excluding PCI Loans, with Associated ALL Amount	The following tables show the Company’s recorded investment and the borrowers’ unpaid principal balances for impaired loans, excluding PCI loans, with the associated ALL amount, if applicable, as of the periods presented. As of March 31, 2018 As of December 31, 2017 Recorded Borrowers’ Unpaid Related Recorded Borrowers’ Unpaid Related With no related allowance: Construction, Land and Land Development $ 726 $ 1,275 $ — $ 900 $ 1,378 $ — Residential First Mortgages 1,533 1,533 — 1,488 1,488 — Residential Revolving and Junior Mortgages 414 414 — 414 414 — Commercial Mortgages (Non-owner — — — — — — Commercial Mortgages (Owner occupied) 1,778 2,028 — 1,721 1,971 — Commercial and Industrial — — — — — — Consumer-Other — — — — — — Total impaired loans with no related allowance 4,451 5,250 — 4,523 5,251 — With an allowance recorded: Construction, Land and Land Development 526 526 189 550 621 137 Residential First Mortgages 2,402 2,404 498 1,914 1,914 367 Residential Revolving and Junior Mortgages 1,374 1,374 222 1,340 1,340 162 Commercial Mortgages (Non-owner — — — — — — Commercial Mortgages (Owner occupied) 542 542 134 547 586 195 Commercial and Industrial 101 101 101 92 92 92 Consumer-Other 141 141 141 141 141 141 Total impaired loans with allowance recorded 5,086 5,088 1,285 4,584 4,694 1,094 Total Impaired Loans: Construction, Land and Land Development 1,252 1,801 189 1,450 1,999 137 Residential First Mortgages 3,935 3,937 498 3,402 3,402 367 Residential Revolving and Junior Mortgages 1,788 1,788 222 1,754 1,754 162 Commercial Mortgages (Non-owner — — — — — — Commercial Mortgages (Owner occupied) 2,320 2,570 134 2,268 2,557 195 Commercial and Industrial 101 101 101 92 92 92 Consumer-Other 141 141 141 141 141 141 Total Impaired Loans $ 9,537 $ 10,338 $ 1,285 $ 9,107 $ 9,945 $ 1,094 The following table shows the average recorded investment and interest income recognized for impaired loans, excluding PCI loans, for the periods presented. For the three months ended March 31, 2018 March 31, 2017 Average Interest Average Interest Recorded Income Recorded Income Investment Recognized Investment Recognized With no related allowance: Construction, land and land development $ 851 $ 1 $ 1,493 $ 13 Residential First Mortgages 1,510 17 2,108 5 Residential Revolving and Junior Mortgages 414 1 995 10 Commercial Mortgages (Non-owner — — 248 4 Commercial Mortgages (Owner occupied) 1,777 7 2,159 5 Commercial and Industrial — — — — Consumer - Other — 1 — — Total impaired loans with no allowance 4,552 27 7,003 37 With an allowance recorded: Construction, land and land development 500 5 241 1 Residential First Mortgages 2,159 10 1,946 24 Residential Revolving and Junior Mortgages 1,357 3 527 5 Commercial Mortgages (Non-owner — — — — Commercial Mortgages (Owner occupied) 544 6 406 — Commercial and Industrial 97 — 92 — Total impaired loans with allowance recorded 4,657 24 3,212 30 Total Impaired Loans: Construction, land and land development 1,351 6 1,734 14 Residential First Mortgages 3,669 27 4,054 29 Residential Revolving and Junior Mortgages 1,771 4 1,522 15 Commercial Mortgages (Non-owner — — 248 4 Commercial Mortgages (Owner occupied) 2,321 13 2,565 5 Commercial and Industrial 97 1 92 — Total impaired loans $ 9,209 $ 51 $ 10,215 $ 67
Reconciliation of Nonaccrual Loans to Impaired Loans	The following table presents a reconciliation of nonaccrual loans to impaired loans as of the periods presented. March 31, 2018 December 31, 2017 Nonaccrual loans $ 6,892 $ 6,496 Nonaccrual loans not individually evaluated for impairment (1,673 ) (854 ) Nonaccrual impaired loans 5,219 5,642 TDRs on accrual 2,955 2,214 Other impaired loans on accrual 1,363 1,251 Total impaired loans $ 9,537 $ 9,107
Summary of Troubled Debt Restructurings	The following table presents, by segment, information related to loans modified as TDRs. For the three months ended For the three months ended March 31, 2018 March 31, 2017 Pre-Modification Post-Modification Pre-Modification Post-Modification Outstanding Outstanding Outstanding Outstanding Number of Recorded Recorded Number of Recorded Recorded Loans Investment Investment Loans Investment Investment Residential first mortgages (1) 3 $ 560 $ 562 — $ — $ — (1) Modifications were an extension of the loan terms.
Summary of Rollforward of Accruing and Nonaccruing TDRs	The following table presents a rollforward of accruing and nonaccruing TDRs for the period presented. Accruing Nonaccruing Total Balance as of December 31, 2017 $ 2,214 $ 1,850 $ 4,064 Charge-offs — — — Payments and other adjustments (15 ) 124 109 New TDR designation 562 — 562 Release TDR designation — — — Transfer — — — Balance as of March 31, 2018 $ 2,761 $ 1,974 $ 4,735

Other Real Estate Owned, Net (T

Other Real Estate Owned, Net (Tables)	3 Months Ended
	Mar. 31, 2018
Summary of Properties Included in Other Real Estate Owned (OREO)	The table below details the properties included in other real estate owned (“OREO”) as of the periods presented. March 31, 2018 December 31, 2017 Number of Carrying Number of Carrying Properties Value Properties Value Residential 2 $ 404 5 $ 443 Land lots 20 1,653 20 3,223 Convenience store 1 55 1 55 Restaurant — — 1 36 Commerical properties 2 481 2 527 Total other real estate owned 25 $ 2,593 29 $ 4,284

Earnings (loss) per share (Tabl

Earnings (loss) per share (Tables)	3 Months Ended
	Mar. 31, 2018
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 (loss) per share and the effect on the weighted average number of shares of dilutive potential common stock. For the three months ended March 31, 2018 March 31, 2017 Net income (loss) $ 1,124 $ (177 ) Weighted average shares outstanding, basic 13,038,593 4,776,800 Dilutive shares: Stock options 67,596 — Restricted shares 25 — Weighted average shares outstanding, dilutive 13,106,214 4,776,800 Basic and diluted earnings (loss) per share $ 0.09 $ (0.04 )

Employee Benefit Plans (Tables)

Employee Benefit Plans (Tables)	3 Months Ended
	Mar. 31, 2018
Components of Net Periodic Cost (Benefit)	The following table shows the components of net periodic cost (benefit) for the periods presented. Pension benefits Post-retirement benefits For the three months ended March 31, 2018 2017 2018 2017 Service cost $ — $ — $ 1 $ 5 Interest cost 23 31 1 5 Expected return on plan assets (38 ) (45 ) — — Settlement loss 46 13 — — Amortization of net gain 13 — (7 ) (2 ) Curtailment gain (at 3/1/2018) — — (352 ) — Recognized net actuarial loss — 19 — — Net periodic cost (benefit) $ 44 $ 18 $ (357 ) $ 8

Borrowings (Tables)

Borrowings (Tables)	3 Months Ended
	Mar. 31, 2018
Advances of Borrowings	Further information regarding the two advances outstanding as of March 31, 2018 are shown in the following table: Current Maturity Description Balance Originated Interest Rate Date Adjustable Rate Hybrid $ 10,000 4/12/2013 4.10 % 4/13/2020 Fixed Rate Credit 50,000 3/5/2018 1.63 % 4/2/2018 Total FHLB Borrowings $ 60,000 2.04 %

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	3 Months Ended
	Mar. 31, 2018
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 the end of the periods presented. Balance as of Fair Value Measurements as of March 31, 2018 Using Level 1 Level 2 Level 3 Available-for-sale U. S. Government agencies and mortgage backed securities $ 47,622 $ — $ 47,622 $ — State and municipal obligations 20,697 — 20,697 — Corporate bonds 7,115 — — 7,115 Total available for sale securities: $ 75,434 $ — $ 68,319 $ 7,115 Mortgage servicing rights $ 930 $ — $ — $ 930 Balance as of Fair Value Measurements as of December 31, 2017 Using Level 1 Level 2 Level 3 Available-for-sale U. S. Government agencies and mortgage backed securities $ 49,283 $ — $ 49,283 $ — State and municipal obligations 21,153 — 21,153 — Corporate bonds 6,717 — — 6,717 Total available for sale securities: $ 77,153 $ — $ 70,436 $ 6,717 Mortgage servicing rights $ 999 $ — $ — $ 999
Reconciliation of Items Using Level Three Inputs	The reconciliation of items using Level 3 inputs is as follows: MSR Corporate Balance, December 31, 2017 $ 999 $ 6,717 Purchases — 400 Fair value adjustments (69 ) (2 ) Sales — — Balance, March 31, 2018 $ 930 $ 7,115
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 non-recurring Fair Value Measurements as of March 31, 2018 Using Balance as of Level 1 Level 2 Level 3 Impaired loans $ 3,803 $ — $ — $ 3,803 Other real estate owned 2,593 — — 2,593 Fair Value Measurements as of December 31, 2017 Using Balance as of Level 1 Level 2 Level 3 Impaired loans $ 3,491 $ — $ — $ 3,491 Other real estate owned 4,284 — — 4,284
Summary of Quantitative Fair Value Measurements for Level 3	The following table displays quantitative information about Level 3 Fair Value Measurements as of March 31, 2018: Balance as of Valuation Unobservable Range Impaired loans $ 3,803 Discounted appraised value Selling Cost Lack of Marketability 10%-20% (15%) 50%-100% (68%) Discounted cash flows Discount rate 5% Other real estate owned 2,593 Discounted appraised value Selling Cost Lack of Marketability 3%-13% 10%-100% (15%) The following table displays quantitative information about Level 3 Fair Value Measurements as of December 31, 2017: Balance as of Valuation Unobservable Range Impaired loans $ 3,491 Discounted appraised value Selling Cost Lack of Marketability 6%-20% (16%) 50%-90% (65%) Discounted cash flows Discount rate 5%-6% (6%) Other real estate owned 4,284 Discounted appraised value Selling Cost Lack of Marketability 3%-13% 10%-100% (16%)
Summary of Assets and Liabilities at Carrying Value and Estimated Fair Value on a Nonrecurring Basis	The following table summarizes the Company’s assets and liabilities at carrying values and estimated fair values on a nonrecurring basis as of periods presented. Fair Value Measurements as of March 31, 2018 Using Carrying value as of Fair Value as of March 31, 2018 March 31, 2018 Level 1 Level 2 Level 3 Financial Assets: Cash and due from banks $ 7,774 $ 7,774 $ 7,774 $ — $ — Interest-bearing deposits 52,564 52,564 52,564 — — Certificates of deposit 3,224 3,224 — 3,224 — Federal funds sold 3,358 3,358 3,358 — — Restricted securities 5,510 5,510 — 5,510 — Loans receivable, net 782,965 770,564 — — 770,564 Loans held for sale 414 414 — 414 — Accrued interest receivable 2,844 2,844 — — 2,844 Financial Liabilities: Noninterest-bearing liabilities 124,572 124,572 124,572 — — Savings and interest-bearing demand deposits 299,216 299,216 — 299,216 — Time deposits 373,163 373,809 — 373,809 — Securities sold under repurchase agreements 6,551 6,551 — 6,551 — FHLB advances 60,000 60,422 — 60,422 — Subordinated notes 6,881 7,055 — 7,055 — Fair Value Measurements as of December 31, 2017 Using Carrying value as of Fair Value as of 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 — — Restricted securities 5,787 5,787 — 5,787 — Loans receivable, 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 Financial Liabilities: Noninterest-bearing liabilities $ 103,037 $ 103,037 $ 103,037 $ — $ — Savings and interest-bearing demand 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 notes 6,877 7,000 — — 7,000

Changes in Accumulated Other 29

Changes in Accumulated Other Comprehensive Income (Loss) (Tables)	3 Months Ended
	Mar. 31, 2018
Components of Accumulated Other Comprehensive Income (Loss) Net of Taxes	The components of accumulated other comprehensive income (loss) net of taxes are shown in the following tables for the periods presented: For the three months ended March 31, 2018 Net Unrealized Pension and Post-retirement Accumulated Other Balance as of January 1, 2018 $ (489 ) $ (667 ) $ (1,156 ) Change in net unrealized holding loss on available for sale securities, net of tax benefit of $248 (944 ) — (944 ) Balance as of March 31, 2018 $ (1,433 ) $ (667 ) $ (2,100 )

Basis of Presentation - Additio

Basis of Presentation - Additional Information (Detail) $ / shares in Units, $ in Millions	1 Months Ended
	Aug. 31, 2017USD ($)$ / sharesshares
Stock issued during period, shares, new issue through private placement | shares	3,783,784
Common stock offering price | $ / shares	$ 9.25
Proceeds from net of offering expenses | $	$ 32.9

Amendments to the Accounting 31

Amendments to the Accounting Standards Codification - Additional Information (Detail) - Accounting Standards Update 2018-02 $ in Thousands	Dec. 31, 2017USD ($)
Retained Earnings
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Cumulative effect of change in retained earnings and AOCI	$ 188
Accumulated Other Comprehensive Income (Loss)
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Cumulative effect of change in retained earnings and AOCI	$ (188)

Business Combination - Addition

Business Combination - Additional Information (Detail) - USD ($) $ in Thousands	Apr. 01, 2017	Mar. 31, 2018	Mar. 31, 2017	Dec. 31, 2017	[1]
Business Acquisition [Line Items]
Goodwill during acquisition		$ 10,374		$ 10,374
Loans acquired held for sale		414		$ 1,651
Acquisition related expenses		363	$ 300
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 of acquired loans not accounted for as debt securities	266,100
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		$ 363	$ 300
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]
Time deposit maturity period	1 month
Virginia BanCorp | Maximum
Business Acquisition [Line Items]
Time deposit maturity period	5 years
Virginia BanCorp | Certificates of Deposit
Business Acquisition [Line Items]
Adjustment on Fair value of premises and equipment	$ 733
Virginia BanCorp | Core Deposits
Business Acquisition [Line Items]
Core deposit intangible, fair value	$ 3,700
Weighted average life of core deposit intangible	92 months
[1]	Derived from the audited December 31, 2017 Consolidated Financial Statements.

Business Combination - Schedule

Business Combination - Schedule of Fair Value of Assets Acquired and Liabilities Assumed (Detail) - USD ($) $ in Thousands	Apr. 01, 2017	Mar. 31, 2018	Dec. 31, 2017	[1]
Identifiable liabilities assumed:
Goodwill resulting from acquisition		$ 10,374	$ 10,374
As Recorded by the Company
Consideration paid:
Bay Banks of Virginia, Inc. common stock	$ 42,247
Identifiable assets acquired:
Cash and due from banks	2,356
Interest-bearing deposits	12,342
Securities available-for-sale	22,088
Restricted securities	1,543
Loans receivable	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 Adjustments and Reclassifications
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 BanCorp
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
Goodwill resulting from acquisition	$ 7,600
[1]	Derived from the audited December 31, 2017 Consolidated Financial Statements.

Business Combination - Summary

Business Combination - Summary of Information about the PCI loan portfolio (Detail) - Virginia BanCorp $ in Thousands	Apr. 01, 2017USD ($)
Certain Loans Acquired in Transfer Accounted for as Debt Securities Pci Loan Schedule [Line Items]
Purchased credit impaired loans - estimated fair value	$ 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 - Schedu35

Business Combination - Schedule of Pro Forma Financial Information (Detail) - Virginia Commonwealth Bank $ in Thousands	3 Months Ended
	Mar. 31, 2017USD ($)
Business Acquisition, Pro Forma Information, Nonrecurring Adjustment [Line Items]
Net interest income	$ 6,986
Net income	$ 790

Business Combination - Summar36

Business Combination - Summary of impact of Certain Acquisition Accounting Adjustments (Detail) - USD ($) $ in Thousands		3 Months Ended
		Mar. 31, 2018	Mar. 31, 2017
Business Acquisition, Pro Forma Information [Line Items]
Income (loss) before income taxes		$ 1,374	$ (298)
Virginia Commonwealth Bank
Business Acquisition, Pro Forma Information [Line Items]
Loans	[1]	503
Core deposit intangible	[2]	(211)
Time deposits	[3]	68
Depreciation	[4]	(10)
Income (loss) before income taxes		$ 350
[1]	Loan discount accretion is included in loans, including fees, in interest income in the consolidated statements of operations.
[2]	CDI amortization is included in other expense in non-interest expense in the consolidated statements of operations.
[3]	Time deposit premium amortization is included in deposits in interest expense in the consolidated statements of operations.
[4]	Depreciation on the fair value adjustment of fixed assets is included in occupancy expense in non-interest expense in the consolidated statements of operations.

Securities - Aggregate Amortize

Securities - Aggregate Amortized Costs and Fair Values of Available-for-Sale Securities (Detail) - USD ($) $ in Thousands	Mar. 31, 2018	Dec. 31, 2017
Schedule of Available-for-sale Securities [Line Items]
Amortized Cost	$ 77,246	$ 77,773
Gross Unrealized Gains	69	224
Gross Unrealized (Losses)	(1,881)	(844)
Fair Value	75,434	77,153	[1]
US Government Agencies Agencies and Mortgage Backed Securities
Schedule of Available-for-sale Securities [Line Items]
Amortized Cost	49,086	49,964
Gross Unrealized Gains	11	6
Gross Unrealized (Losses)	(1,475)	(687)
Fair Value	47,622	49,283
State and Municipal Obligations
Schedule of Available-for-sale Securities [Line Items]
Amortized Cost	21,064	21,113
Gross Unrealized Gains	39	195
Gross Unrealized (Losses)	(406)	(155)
Fair Value	20,697	21,153
Corporate Bonds
Schedule of Available-for-sale Securities [Line Items]
Amortized Cost	7,096	6,696
Gross Unrealized Gains	19	23
Gross Unrealized (Losses)		(2)
Fair Value	$ 7,115	$ 6,717
[1]	Derived from the audited December 31, 2017 Consolidated Financial Statements.

Securities - Additional Informa

Securities - Additional Information (Detail) $ in Thousands	3 Months Ended
	Mar. 31, 2018USD ($)Securities	Mar. 31, 2017	Dec. 31, 2017USD ($)Securities
Schedule of Available-for-sale Securities [Line Items]
Average taxable equivalent yields on securities	2.68%	3.22%
Fair value of securities	$ 19,100		$ 19,400
Securities sold under repurchase agreements	6,551		9,498	[1]
Company's investment in Federal Home Loan Bank stock	3,400		3,700
Company's investment in Federal Reserve Bank stock	$ 1,900		$ 1,900
U.S. Government Agencies
Schedule of Available-for-sale Securities [Line Items]
Securities with unrealized loss positions | Securities	40		36
State and Municipal Obligations
Schedule of Available-for-sale Securities [Line Items]
Securities with unrealized loss positions | Securities	48		34
Corporate Bonds
Schedule of Available-for-sale Securities [Line Items]
Securities with unrealized loss positions | Securities			1
[1]	Derived from the audited December 31, 2017 Consolidated Financial Statements.

Securities - Unrealized Loss Po

Securities - Unrealized Loss Positions (Detail) - USD ($) $ in Thousands	Mar. 31, 2018	Dec. 31, 2017
Schedule of Available-for-sale Securities [Line Items]
Less than 12 months, Fair Value	$ 40,337	$ 28,304
Less than 12 months, Unrealized Loss	(971)	(370)
12 months or more, Fair Value	20,279	21,971
12 months or more, Unrealized Loss	(910)	(474)
Fair Value, Total	60,616	50,275
Total Unrealized Loss	(1,881)	(844)
US Government Agencies Agencies and Mortgage Backed Securities
Schedule of Available-for-sale Securities [Line Items]
Less than 12 months, Fair Value	31,533	25,053
Less than 12 months, Unrealized Loss	(885)	(353)
12 months or more, Fair Value	14,685	16,184
12 months or more, Unrealized Loss	(590)	(334)
Fair Value, Total	46,218	41,237
Total Unrealized Loss	(1,475)	(687)
State and Municipal Obligations
Schedule of Available-for-sale Securities [Line Items]
Less than 12 months, Fair Value	8,804	2,753
Less than 12 months, Unrealized Loss	(86)	(15)
12 months or more, Fair Value	5,594	5,787
12 months or more, Unrealized Loss	(320)	(140)
Fair Value, Total	14,398	8,540
Total Unrealized Loss	$ (406)	(155)
Corporate Bonds
Schedule of Available-for-sale Securities [Line Items]
Less than 12 months, Fair Value		498
Less than 12 months, Unrealized Loss		(2)
Fair Value, Total		498
Total Unrealized Loss		$ (2)

Securities - Summary of amortiz

Securities - Summary of amortized cost and fair value by contractual maturity of securities available for sale (Detail) - USD ($) $ in Thousands	Mar. 31, 2018	Dec. 31, 2017
Schedule of Available-for-sale Securities [Line Items]
Total availible-for-sale securities, Amortized Cost	$ 77,246	$ 77,773
Total availible-for-sale securities, Fair Value	75,434	77,153	[1]
State and Municipal Obligations
Schedule of Available-for-sale Securities [Line Items]
Due in one year or less, Amortized Cost	1,240	1,241
Due after one year but less than five years, Amortized Cost	7,987	7,173
Due after five years but less than ten years, Amortized Cost	11,356	11,736
Due after ten years, Amortized Cost	481	963
Total availible-for-sale securities, Amortized Cost	21,064	21,113
Due in one year or less, Fair Value	1,236	1,237
Due after one year but less than five years, Fair Value	7,931	7,219
Due after five years but less than ten years, Fair Value	11,063	11,740
Due after ten years, Fair Value	467	957
Total availible-for-sale securities, Fair Value	20,697	21,153
US Government Agencies Agencies and Mortgage Backed Securities
Schedule of Available-for-sale Securities [Line Items]
Total availible-for-sale securities, Amortized Cost	49,086	49,964
Total availible-for-sale securities, Fair Value	47,622	49,283
Corporate Bonds
Schedule of Available-for-sale Securities [Line Items]
Total availible-for-sale securities, Amortized Cost	7,096	6,696
Total availible-for-sale securities, Fair Value	$ 7,115	$ 6,717
[1]	Derived from the audited December 31, 2017 Consolidated Financial Statements.

Loans - Summary of Balances of

Loans - Summary of Balances of Loans (Detail) - USD ($) $ in Thousands	Mar. 31, 2018	Dec. 31, 2017
Summary of balances of loans
Total loans	$ 790,660	$ 766,296
Net unamortized deferred loan costs	228	200
Allowance for loan losses	(7,923)	(7,770)	[1]
Loans, net	782,965	758,726	[1]
Construction, Land and Land Development
Summary of balances of loans
Total loans	72,860	66,042
Farmland
Summary of balances of loans
Total loans	800	923
Commercial Mortgages (Non-Owner Occupied)
Summary of balances of loans
Total loans	149,206	146,757
Commercial Mortgages (Owner Occupied)
Summary of balances of loans
Total loans	79,140	80,052
Residential First Mortgages
Summary of balances of loans
Total loans	277,042	269,365
Residential Revolving and Junior Mortgages
Summary of balances of loans
Total loans	45,376	46,498
Commercial and Industrial
Summary of balances of loans
Total loans	129,225	114,093
Consumer and Other Loans
Summary of balances of loans
Total loans	$ 37,011	$ 42,566
[1]	Derived from the audited December 31, 2017 Consolidated Financial Statements.

Loans - Additional Information

Loans - Additional Information (Detail)	3 Months Ended
	Mar. 31, 2018
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 for

Loans - Recorded Investment for Past Due and Non-accruing Loans (Detail) - USD ($) $ in Thousands	Mar. 31, 2018	Dec. 31, 2017
Accounts, Notes, Loans and Financing Receivable [Line Items]
30-89 Days Past Due	$ 5,095	$ 5,021
90 Days or More Past Due and Still Accruing	214	213
Nonaccruals	6,892	6,496
Total Past Due and Nonaccruals	12,201	11,730
Current	778,459	754,566
Total Loans	790,660	766,296
Construction, Land and Land Development
Accounts, Notes, Loans and Financing Receivable [Line Items]
30-89 Days Past Due	153	261
Nonaccruals	1,090	1,237
Total Past Due and Nonaccruals	1,243	1,498
Current	71,617	64,544
Total Loans	72,860	66,042
Farmland
Accounts, Notes, Loans and Financing Receivable [Line Items]
90 Days or More Past Due and Still Accruing		48
Total Past Due and Nonaccruals		48
Current	800	875
Total Loans	800	923
Commercial Mortgages (Non-Owner Occupied)
Accounts, Notes, Loans and Financing Receivable [Line Items]
30-89 Days Past Due		449
Nonaccruals	447
Total Past Due and Nonaccruals	447	449
Current	148,759	146,308
Total Loans	149,206	146,757
Commercial Mortgages (Owner Occupied)
Accounts, Notes, Loans and Financing Receivable [Line Items]
30-89 Days Past Due	219	573
90 Days or More Past Due and Still Accruing	127
Nonaccruals	1,809	1,752
Total Past Due and Nonaccruals	2,155	2,325
Current	76,985	77,727
Total Loans	79,140	80,052
Residential First Mortgages
Accounts, Notes, Loans and Financing Receivable [Line Items]
30-89 Days Past Due	4,305	2,670
90 Days or More Past Due and Still Accruing	67	141
Nonaccruals	1,987	1,942
Total Past Due and Nonaccruals	6,359	4,753
Current	270,683	264,612
Total Loans	277,042	269,365
Residential Revolving and Junior Mortgages
Accounts, Notes, Loans and Financing Receivable [Line Items]
30-89 Days Past Due	13	449
90 Days or More Past Due and Still Accruing	20	20
Nonaccruals	1,342	1,338
Total Past Due and Nonaccruals	1,375	1,807
Current	44,001	44,691
Total Loans	45,376	46,498
Commercial and Industrial
Accounts, Notes, Loans and Financing Receivable [Line Items]
30-89 Days Past Due	101	331
Nonaccruals	101	92
Total Past Due and Nonaccruals	202	423
Current	129,023	113,670
Total Loans	129,225	114,093
Consumer and Other Loans
Accounts, Notes, Loans and Financing Receivable [Line Items]
30-89 Days Past Due	304	288
90 Days or More Past Due and Still Accruing		4
Nonaccruals	116	135
Total Past Due and Nonaccruals	420	427
Current	36,591	42,139
Total Loans	$ 37,011	$ 42,566

Loans - Summary of Recorded Inv

Loans - Summary of Recorded Investment of Purchased Impaired Loans (Detail) - PCI Loans - USD ($) $ in Thousands	Mar. 31, 2018	Dec. 31, 2017
Financing Receivable, Impaired [Line Items]
30-89 Days Past Due	$ 158	$ 510
90 Days or More Past Due and Still Accruing	214	165
Nonaccruals	0	0
Total Past Due and Nonaccruals	372	675
Current	5,331	5,150
PCI Loans	5,703	5,825
Construction, Land and Land Development
Financing Receivable, Impaired [Line Items]
30-89 Days Past Due	23
Nonaccruals	0	0
Total Past Due and Nonaccruals	23
Current	1,374	1,405
PCI Loans	1,397	1,405
Commercial Mortgages (Non-Owner Occupied)
Financing Receivable, Impaired [Line Items]
Nonaccruals	0	0
Current	163	171
PCI Loans	163	171
Commercial Mortgages (Owner Occupied)
Financing Receivable, Impaired [Line Items]
30-89 Days Past Due	30	161
90 Days or More Past Due and Still Accruing	127
Nonaccruals	0	0
Total Past Due and Nonaccruals	157	161
Current	156	160
PCI Loans	313	321
Residential First Mortgages
Financing Receivable, Impaired [Line Items]
30-89 Days Past Due	105	349
90 Days or More Past Due and Still Accruing	67	141
Nonaccruals	0	0
Total Past Due and Nonaccruals	172	490
Current	3,549	3,320
PCI Loans	3,721	3,810
Residential Revolving and Junior Mortgages
Financing Receivable, Impaired [Line Items]
90 Days or More Past Due and Still Accruing	20	20
Nonaccruals	0	0
Total Past Due and Nonaccruals	20	20
Current	26	29
PCI Loans	46	49
Consumer and Other Loans
Financing Receivable, Impaired [Line Items]
90 Days or More Past Due and Still Accruing		4
Nonaccruals	0	0
Total Past Due and Nonaccruals		4
Current	63	65
PCI Loans	$ 63	$ 69

Allowance for Loan Losses - Add

Allowance for Loan Losses - Additional Information (Detail) - USD ($)	3 Months Ended
	Mar. 31, 2018	Dec. 31, 2017	Mar. 31, 2017
Accounts, Notes, Loans and Financing Receivable [Line Items]
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; and (2) all loans risk rated Substandard or worse with balances of $400 thousand or more; and (3) all loans classified as a troubled debt restructuring ("TDR").
Loan Receivables	$ 790,660,000	$ 766,296,000
Percentage of excess loan balance for watch category	90.00%
Loans modified as TDRs	$ 0		$ 0
Substandard
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loan Receivables	$ 10,979,000	$ 11,371,000
Minimum
Accounts, Notes, Loans and Financing Receivable [Line Items]
Number of days loans are past due	90 days
Minimum | Substandard
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loan Receivables	$ 400,000

Allowance for Loan Losses - Loa

Allowance for Loan Losses - Loans Evaluated for Impairment Individually and Collectively by Segment (Detail) - USD ($) $ in Thousands	Mar. 31, 2018	Dec. 31, 2017	Mar. 31, 2017	Dec. 31, 2016
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans individually evaluated for impairment	$ 1,285	$ 1,094
Loans collectively evaluated for impairment	6,638	6,676
Purchased credit impaired loans	0	0
Total allowance on loan losses	7,923	7,770	$ 3,993	$ 3,863
Loans individually evaluated for impairment	9,537	9,107
Loans collectively evaluated for impairment	775,420	751,364
Purchased credit impaired loans	5,703	5,825
Total Loans	790,660	766,296
Mortgage Loans on Real Estate
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans individually evaluated for impairment	1,043	861
Loans collectively evaluated for impairment	3,147	3,003
Purchased credit impaired loans	0	0
Total allowance on loan losses	4,190	3,864	3,421	3,318
Loans individually evaluated for impairment	9,295	8,874
Loans collectively evaluated for impairment	609,489	595,007
Purchased credit impaired loans	5,640	5,756
Total Loans	624,424	609,637
Commercial and Industrial
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans individually evaluated for impairment	101	92
Loans collectively evaluated for impairment	942	786
Purchased credit impaired loans	0	0
Total allowance on loan losses	1,043	878	528	493
Loans individually evaluated for impairment	101	92
Loans collectively evaluated for impairment	129,124	114,001
Total Loans	129,225	114,093
Consumer and Other Loans
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans individually evaluated for impairment	141	141
Loans collectively evaluated for impairment	2,549	2,887
Purchased credit impaired loans	0	0
Total allowance on loan losses	2,690	3,028	$ 44	$ 52
Loans individually evaluated for impairment	141	141
Loans collectively evaluated for impairment	36,807	42,356
Purchased credit impaired loans	63	69
Total Loans	$ 37,011	$ 42,566

Allowance for Loan Losses - ALL

Allowance for Loan Losses - ALL by Portfolio Segment (Detail) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2018	Mar. 31, 2017
Accounts, Notes, Loans and Financing Receivable [Line Items]
Beginning Balance	$ 7,770	$ 3,863
(Charge-offs)	(388)	(140)
Recoveries	221	80
Provision (benefit)	320	190
Ending Balance	7,923	3,993
Mortgage Loans on Real Estate
Accounts, Notes, Loans and Financing Receivable [Line Items]
Beginning Balance	3,864	3,318
(Charge-offs)	(31)	(132)
Recoveries	27	78
Provision (benefit)	330	157
Ending Balance	4,190	3,421
Commercial and Industrial
Accounts, Notes, Loans and Financing Receivable [Line Items]
Beginning Balance	878	493
(Charge-offs)	(14)
Provision (benefit)	179	35
Ending Balance	1,043	528
Consumer and Other Loans
Accounts, Notes, Loans and Financing Receivable [Line Items]
Beginning Balance	3,028	52
(Charge-offs)	(343)	(8)
Recoveries	194	2
Provision (benefit)	(189)	(2)
Ending Balance	$ 2,690	$ 44

Allowance for Loan Losses - Sch

Allowance for Loan Losses - Schedule of Changes in Accretable Yield for PCI Loans (Detail) - PCI Loans $ in Thousands	3 Months Ended
	Mar. 31, 2018USD ($)
Accounts, Notes, Loans and Financing Receivable [Line Items]
Balance Beginning	$ 1,087
Accretion of acquisition accounting adjustment	(85)
Reclassifications from nonaccretable balance, net	0
Other changes, net	0
Balance Ending	$ 1,002

Allowance for Loan Losses - Int

Allowance for Loan Losses - Internal Risk Rating Grades (Detail) - USD ($) $ in Thousands	Mar. 31, 2018	Dec. 31, 2017
INTERNAL RISK RATING GRADES
Loan Receivables	$ 790,660	$ 766,296
Pass
INTERNAL RISK RATING GRADES
Loan Receivables	717,668	688,214
Watch
INTERNAL RISK RATING GRADES
Loan Receivables	59,591	64,987
Special Mention
INTERNAL RISK RATING GRADES
Loan Receivables	2,422	1,724
Substandard
INTERNAL RISK RATING GRADES
Loan Receivables	10,979	11,371
Construction, Land and Land Development
INTERNAL RISK RATING GRADES
Loan Receivables	72,860	66,042
Construction, Land and Land Development | Pass
INTERNAL RISK RATING GRADES
Loan Receivables	62,812	55,949
Construction, Land and Land Development | Watch
INTERNAL RISK RATING GRADES
Loan Receivables	6,991	6,690
Construction, Land and Land Development | Special Mention
INTERNAL RISK RATING GRADES
Loan Receivables		172
Construction, Land and Land Development | Substandard
INTERNAL RISK RATING GRADES
Loan Receivables	3,057	3,231
Farmland
INTERNAL RISK RATING GRADES
Loan Receivables	800	923
Farmland | Pass
INTERNAL RISK RATING GRADES
Loan Receivables	800	923
Commercial Mortgages (Non-Owner Occupied)
INTERNAL RISK RATING GRADES
Loan Receivables	149,206	146,757
Commercial Mortgages (Non-Owner Occupied) | Pass
INTERNAL RISK RATING GRADES
Loan Receivables	143,118	140,625
Commercial Mortgages (Non-Owner Occupied) | Watch
INTERNAL RISK RATING GRADES
Loan Receivables	5,445	5,931
Commercial Mortgages (Non-Owner Occupied) | Substandard
INTERNAL RISK RATING GRADES
Loan Receivables	643	201
Commercial Mortgages (Owner Occupied)
INTERNAL RISK RATING GRADES
Loan Receivables	79,140	80,052
Commercial Mortgages (Owner Occupied) | Pass
INTERNAL RISK RATING GRADES
Loan Receivables	67,724	67,732
Commercial Mortgages (Owner Occupied) | Watch
INTERNAL RISK RATING GRADES
Loan Receivables	9,113	10,076
Commercial Mortgages (Owner Occupied) | Special Mention
INTERNAL RISK RATING GRADES
Loan Receivables	112
Commercial Mortgages (Owner Occupied) | Substandard
INTERNAL RISK RATING GRADES
Loan Receivables	2,191	2,244
Commercial and Industrial
INTERNAL RISK RATING GRADES
Loan Receivables	129,225	114,093
Commercial and Industrial | Pass
INTERNAL RISK RATING GRADES
Loan Receivables	125,493	110,281
Commercial and Industrial | Watch
INTERNAL RISK RATING GRADES
Loan Receivables	2,385	2,373
Commercial and Industrial | Special Mention
INTERNAL RISK RATING GRADES
Loan Receivables	1,246	1,347
Commercial and Industrial | Substandard
INTERNAL RISK RATING GRADES
Loan Receivables	101	92
Residential First Mortgages
INTERNAL RISK RATING GRADES
Loan Receivables	277,042	269,365
Residential First Mortgages | Pass
INTERNAL RISK RATING GRADES
Loan Receivables	263,932	256,614
Residential First Mortgages | Watch
INTERNAL RISK RATING GRADES
Loan Receivables	8,807	8,624
Residential First Mortgages | Special Mention
INTERNAL RISK RATING GRADES
Loan Receivables	923	205
Residential First Mortgages | Substandard
INTERNAL RISK RATING GRADES
Loan Receivables	3,380	3,922
Residential Revolving and Junior Mortgages
INTERNAL RISK RATING GRADES
Loan Receivables	45,376	46,498
Residential Revolving and Junior Mortgages | Pass
INTERNAL RISK RATING GRADES
Loan Receivables	42,581	43,659
Residential Revolving and Junior Mortgages | Watch
INTERNAL RISK RATING GRADES
Loan Receivables	1,393	1,376
Residential Revolving and Junior Mortgages | Substandard
INTERNAL RISK RATING GRADES
Loan Receivables	1,402	1,463
Consumer and Other Loans
INTERNAL RISK RATING GRADES
Loan Receivables	37,011	42,566
Consumer and Other Loans | Pass
INTERNAL RISK RATING GRADES
Loan Receivables	11,208	12,431
Consumer and Other Loans | Watch
INTERNAL RISK RATING GRADES
Loan Receivables	25,457	29,917
Consumer and Other Loans | Special Mention
INTERNAL RISK RATING GRADES
Loan Receivables	141
Consumer and Other Loans | Substandard
INTERNAL RISK RATING GRADES
Loan Receivables	$ 205	$ 218

Allowance for Loan Losses - Com

Allowance for Loan Losses - Company's Recorded Investment and Borrowers' Unpaid Principal Balances for Impaired Loans, Excluding PCI Loans, with Associated ALL Amount (Detail) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2018	Mar. 31, 2017	Dec. 31, 2017
Accounts, Notes, Loans and Financing Receivable [Line Items]
With no related allowance, Recorded Investment	$ 4,451		$ 4,523
With no related allowance, Borrowers' Unpaid Principal Balance	5,250		5,251
With no related allowance, Related Allowance	0		0
With an allowance recorded, Recorded Investment	5,086		4,584
With an allowance recorded, Borrowers' Unpaid Principal Balance	5,088		4,694
With an allowance recorded, Related Allowance	1,285		1,094
Total Impaired Loans, Recorded Investment	9,537		9,107
Total Impaired Loans, Borrowers' Unpaid Principal Balance	10,338		9,945
Total Impaired Loans, Related Allowance	1,285		1,094
With no related allowance, Average Recorded Investment	4,552	$ 7,003
With no related allowance, Interest Income Recognized	27	37
With an allowance recorded, Average Recorded Investment	4,657	3,212
With an allowance recorded, Interest Income Recognized	24	30
Total, Average Recorded Investment	9,209	10,215
Total, Interest Income Recognized	51	67
Construction, Land and Land Development
Accounts, Notes, Loans and Financing Receivable [Line Items]
With no related allowance, Recorded Investment	726		900
With no related allowance, Borrowers' Unpaid Principal Balance	1,275		1,378
With no related allowance, Related Allowance	0		0
With an allowance recorded, Recorded Investment	526		550
With an allowance recorded, Borrowers' Unpaid Principal Balance	526		621
With an allowance recorded, Related Allowance	189		137
Total Impaired Loans, Recorded Investment	1,252		1,450
Total Impaired Loans, Borrowers' Unpaid Principal Balance	1,801		1,999
Total Impaired Loans, Related Allowance	189		137
With no related allowance, Average Recorded Investment	851	1,493
With no related allowance, Interest Income Recognized	1	13
With an allowance recorded, Average Recorded Investment	500	241
With an allowance recorded, Interest Income Recognized	5	1
Total, Average Recorded Investment	1,351	1,734
Total, Interest Income Recognized	6	14
Residential First Mortgages
Accounts, Notes, Loans and Financing Receivable [Line Items]
With no related allowance, Recorded Investment	1,533		1,488
With no related allowance, Borrowers' Unpaid Principal Balance	1,533		1,488
With no related allowance, Related Allowance	0		0
With an allowance recorded, Recorded Investment	2,402		1,914
With an allowance recorded, Borrowers' Unpaid Principal Balance	2,404		1,914
With an allowance recorded, Related Allowance	498		367
Total Impaired Loans, Recorded Investment	3,935		3,402
Total Impaired Loans, Borrowers' Unpaid Principal Balance	3,937		3,402
Total Impaired Loans, Related Allowance	498		367
With no related allowance, Average Recorded Investment	1,510	2,108
With no related allowance, Interest Income Recognized	17	5
With an allowance recorded, Average Recorded Investment	2,159	1,946
With an allowance recorded, Interest Income Recognized	10	24
Total, Average Recorded Investment	3,669	4,054
Total, Interest Income Recognized	27	29
Residential Revolving and Junior Mortgages
Accounts, Notes, Loans and Financing Receivable [Line Items]
With no related allowance, Recorded Investment	414		414
With no related allowance, Borrowers' Unpaid Principal Balance	414		414
With no related allowance, Related Allowance	0		0
With an allowance recorded, Recorded Investment	1,374		1,340
With an allowance recorded, Borrowers' Unpaid Principal Balance	1,374		1,340
With an allowance recorded, Related Allowance	222		162
Total Impaired Loans, Recorded Investment	1,788		1,754
Total Impaired Loans, Borrowers' Unpaid Principal Balance	1,788		1,754
Total Impaired Loans, Related Allowance	222		162
With no related allowance, Average Recorded Investment	414	995
With no related allowance, Interest Income Recognized	1	10
With an allowance recorded, Average Recorded Investment	1,357	527
With an allowance recorded, Interest Income Recognized	3	5
Total, Average Recorded Investment	1,771	1,522
Total, Interest Income Recognized	4	15
Commercial Mortgages (Non-Owner Occupied)
Accounts, Notes, Loans and Financing Receivable [Line Items]
With no related allowance, Related Allowance	0		0
With no related allowance, Average Recorded Investment		248
With no related allowance, Interest Income Recognized		4
Total, Average Recorded Investment		248
Total, Interest Income Recognized		4
Commercial Mortgages (Owner Occupied)
Accounts, Notes, Loans and Financing Receivable [Line Items]
With no related allowance, Recorded Investment	1,778		1,721
With no related allowance, Borrowers' Unpaid Principal Balance	2,028		1,971
With no related allowance, Related Allowance	0		0
With an allowance recorded, Recorded Investment	542		547
With an allowance recorded, Borrowers' Unpaid Principal Balance	542		586
With an allowance recorded, Related Allowance	134		195
Total Impaired Loans, Recorded Investment	2,320		2,268
Total Impaired Loans, Borrowers' Unpaid Principal Balance	2,570		2,557
Total Impaired Loans, Related Allowance	134		195
With no related allowance, Average Recorded Investment	1,777	2,159
With no related allowance, Interest Income Recognized	7	5
With an allowance recorded, Average Recorded Investment	544	406
With an allowance recorded, Interest Income Recognized	6
Total, Average Recorded Investment	2,321	2,565
Total, Interest Income Recognized	13	5
Commercial and Industrial
Accounts, Notes, Loans and Financing Receivable [Line Items]
With no related allowance, Related Allowance	0		0
With an allowance recorded, Recorded Investment	101		92
With an allowance recorded, Borrowers' Unpaid Principal Balance	101		92
With an allowance recorded, Related Allowance	101		92
Total Impaired Loans, Recorded Investment	101		92
Total Impaired Loans, Borrowers' Unpaid Principal Balance	101		92
Total Impaired Loans, Related Allowance	101		92
With an allowance recorded, Average Recorded Investment	97	92
Total, Average Recorded Investment	97	$ 92
Total, Interest Income Recognized	1
Consumer and Other Loans
Accounts, Notes, Loans and Financing Receivable [Line Items]
With no related allowance, Related Allowance	0		0
With an allowance recorded, Recorded Investment	141		141
With an allowance recorded, Borrowers' Unpaid Principal Balance	141		141
With an allowance recorded, Related Allowance	141		141
Total Impaired Loans, Recorded Investment	141		141
Total Impaired Loans, Borrowers' Unpaid Principal Balance	141		141
Total Impaired Loans, Related Allowance	141		$ 141
With no related allowance, Interest Income Recognized	$ 1

Allowance for Loan Losses - Rec

Allowance for Loan Losses - Reconciliation of Nonaccrual Loans to Impaired Loans (Detail) - USD ($) $ in Thousands	Mar. 31, 2018	Dec. 31, 2017
Nonaccrual loans	$ 6,892	$ 6,496
Nonaccrual loans not individually evaluated for impairment	(1,673)	(854)
Nonaccrual impaired loans	5,219	5,642
TDRs on accrual	2,955	2,214
Other impaired loans on accrual	1,363	1,251
Total impaired loans	$ 9,537	$ 9,107

Allowance for Loan Losses - Sum

Allowance for Loan Losses - Summary of Troubled Debt Restructurings (Detail) - Residential First Mortgages $ in Thousands	3 Months Ended
	Mar. 31, 2018USD ($)Loan	[1]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Number of Loans | Loan	3
Pre-Modification Outstanding Recorded Investment	$ 560
Post-Modification Outstanding Recorded Investment	$ 562
[1]	Modifications were an extension of the loan terms.

Allowance for Loan Losses - S53

Allowance for Loan Losses - Summary of Rollforward of Accruing and Nonaccruing TDRs (Detail) $ in Thousands	3 Months Ended
	Mar. 31, 2018USD ($)
Financing Receivable, Impaired [Line Items]
Beginning Balance	$ 7,770	[1]
Ending Balance	7,923
Accruing
Financing Receivable, Impaired [Line Items]
Beginning Balance	2,214
Charge-offs	0
Payments and other adjustments	(15)
New TDR designation	562
Release TDR designation	0
Transfer	0
Ending Balance	2,761
Nonaccruing
Financing Receivable, Impaired [Line Items]
Beginning Balance	1,850
Charge-offs	0
Payments and other adjustments	124
Release TDR designation	0
Transfer	0
Ending Balance	1,974
Troubled Debt Restructuring
Financing Receivable, Impaired [Line Items]
Beginning Balance	4,064
Charge-offs	0
Payments and other adjustments	109
New TDR designation	562
Release TDR designation	0
Transfer	0
Ending Balance	$ 4,735
[1]	Derived from the audited December 31, 2017 Consolidated Financial Statements.

Other Real Estate Owned, Net -

Other Real Estate Owned, Net - Summary of Properties Included in Other Real Estate Owned (OREO) (Detail) $ in Thousands	Mar. 31, 2018USD ($)Property	Dec. 31, 2017USD ($)Property
Real Estate Properties [Line Items]
No. of Properties | Property	25	29
Carrying Value | $	$ 2,593	$ 4,284	[1]
Residential
Real Estate Properties [Line Items]
No. of Properties | Property	2	5
Carrying Value | $	$ 404	$ 443
Land lots
Real Estate Properties [Line Items]
No. of Properties | Property	20	20
Carrying Value | $	$ 1,653	$ 3,223
Convenience Stores
Real Estate Properties [Line Items]
No. of Properties | Property	1	1
Carrying Value | $	$ 55	$ 55
Restaurant
Real Estate Properties [Line Items]
No. of Properties | Property		1
Carrying Value | $		$ 36
Commercial properties
Real Estate Properties [Line Items]
No. of Properties | Property	2	2
Carrying Value | $	$ 481	$ 527
[1]	Derived from the audited December 31, 2017 Consolidated Financial Statements.

Other Real Estate Owned, Net 55

Other Real Estate Owned, Net - Additional Information (Detail) $ in Thousands	3 Months Ended
	Mar. 31, 2018USD ($)Property
Consumer Land Loan
Other Real Estate [Line Items]
Land properties collateralized with loan | Property	1
Mortgage loan amount | $	$ 47
Residential
Other Real Estate [Line Items]
Land properties collateralized with loan | Property	1
Mortgage loan amount | $	$ 27

Earnings (Loss) Per Share - Add

Earnings (Loss) Per Share - Additional Information (Detail) - shares	3 Months Ended
	Mar. 31, 2018	Mar. 31, 2017
Employee Stock Ownership Plan (ESOP), Plan
Computation Of Earnings Per Share Line Items
Shares not included in computing diluted earnings per share because effects were anti-dilutive	161,369	0
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	87,548	91,368
Restricted Shares
Computation Of Earnings Per Share Line Items
Shares not included in computing diluted earnings per share because effects were anti-dilutive	3,603	0

Earnings (Loss) Per Share - Wei

Earnings (Loss) Per Share - Weighted Average Number of Shares Used in Computing Earnings Per Share (Detail) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended
	Mar. 31, 2018	Mar. 31, 2017
Earnings Per Share, Diluted, by Common Class, Including Two Class Method [Line Items]
Net income (loss)	$ 1,124	$ (177)
Weighted average shares outstanding, basic	13,038,593	4,776,800
Dilutive shares:
Weighted average shares outstanding, dilutive	13,106,214	4,776,800
Basic and diluted earnings (loss) per share	$ 0.09	$ (0.04)
Stock Option
Dilutive shares:
Effect of dilutive securities	67,596
Restricted Shares
Dilutive shares:
Effect of dilutive securities	25

Employee Benefit Plans - Additi

Employee Benefit Plans - Additional Information (Detail)	3 Months Ended
	Mar. 31, 2018USD ($)
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
Gain on curtailment of post-retirement benefit plan	$ 352,000
Pension Plan, Defined Benefit
Defined Contribution Plan Disclosure [Line Items]
Expected employer contribution	0
Other Postretirement Benefit Plan, Defined Benefit
Defined Contribution Plan Disclosure [Line Items]
Expected employer contribution	6,000
Employer contribution	2,000
Gain on curtailment of post-retirement benefit plan	$ 352,000

Employee Benefit Plans - Compon

Employee Benefit Plans - Components of Net Periodic (Benefit) Cost (Detail) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2018	Mar. 31, 2017
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Curtailment gain (at 3/1/2018)	$ (352)
Pension Plan, Defined Benefit
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Interest cost	23	$ 31
Expected return on plan assets	(38)	(45)
Settlement loss	46	13
Amortization of net gain	13
Recognized net actuarial loss		19
Net periodic cost (benefit)	44	18
Other Postretirement Benefit Plan, Defined Benefit
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Service cost	1	5
Interest cost	1	5
Amortization of net gain	(7)	(2)
Curtailment gain (at 3/1/2018)	(352)
Net periodic cost (benefit)	$ (357)	$ 8

Borrowings - Additional Informa

Borrowings - Additional Information (Detail)	May 28, 2015USD ($)	Mar. 31, 2018USD ($)Loan	Dec. 31, 2017USD ($)Loan		Mar. 31, 2017
Debt Instrument [Line Items]
Federal Home Loan Bank advances		$ 60,000,000	$ 70,000,000	[1]
Number of FHLB debt advances | Loan		2	2
Immediate available credit		$ 175,600,000
Total line of credit		$ 241,600,000
Current Interest Rate		2.04%
Virginia BanCorp
Debt Instrument [Line Items]
Debt acquired in merger		$ 1,100,000	$ 1,100,000
Debt instrument, maturity date range, start		Mar. 1, 2019
Debt instrument, maturity date range, end		Dec. 31, 2027
Four ESOP Notes | Virginia BanCorp
Debt Instrument [Line Items]
Current Interest Rate		3.25%
One ESOP Notes | Virginia BanCorp
Debt Instrument [Line Items]
Current Interest Rate		4.50%
Subordinated Debt Due May 2025
Debt Instrument [Line Items]
Debt instrument, face amount	$ 7,000,000
Current Interest Rate	6.50%
Debt instrument, maturity date	May 28, 2025
Debt instrument, frequency of payment		First 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
Aggregate carrying value of notes, including capitalized debt issuance cost		$ 6,900,000	$ 6,900,000
Effective interest rate		6.86%			6.82%
[1]	Derived from the audited December 31, 2017 Consolidated Financial Statements.

Borrowings - Advances of Debt (

Borrowings - Advances of Debt (Detail) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2018	Dec. 31, 2017	[1]
Debt Instrument [Line Items]
Federal Home Loan Bank advances	$ 60,000	$ 70,000
Current Interest Rate	2.04%
Adjustable Rate Hybrid | Federal Home Loan Bank Advances One
Debt Instrument [Line Items]
Federal Home Loan Bank advances, Non current	$ 10,000
Originated	Apr. 12, 2013
Current Interest Rate	4.10%
Maturity Date	Apr. 13, 2020
Fixed Rate Credit | Federal Home Loan Bank Advances Two
Debt Instrument [Line Items]
Federal Home Loan Bank advances, Current	$ 50,000
Originated	Mar. 5, 2018
Current Interest Rate	1.63%
Maturity Date	Apr. 2, 2018
[1]	Derived from the audited December 31, 2017 Consolidated Financial Statements.

Fair Value Measurements - Addit

Fair Value Measurements - Additional Information (Detail) - Mortgage Servicing Rights	3 Months Ended	12 Months Ended
	Mar. 31, 2018Loan$ / Loan	Dec. 31, 2017$ / 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
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	6.50
Average PSA assumed rate	131.00%	150.00%
Discount rate	13.00%	13.00%
Fair Value, Measurements, Recurring | Fair Value, Inputs, Level 3 | 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 | 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 | 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 | 100% PSA | Thereafter
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Prepayment rate	6.00%

Fair Value Measurements - Sched

Fair Value Measurements - Schedule of Balances of Financial Assets and Liabilities Measured at Fair Value on Recurring Basis (Detail) - USD ($) $ in Thousands	Mar. 31, 2018	Dec. 31, 2017
Available-for-sale securities:
Available-for-sale securities	$ 75,434	$ 77,153	[1]
Mortgage servicing rights	930	999	[1]
US Government Agencies Agencies and Mortgage Backed Securities
Available-for-sale securities:
Available-for-sale securities	47,622	49,283
State and Municipal Obligations
Available-for-sale securities:
Available-for-sale securities	20,697	21,153
Corporate Bonds
Available-for-sale securities:
Available-for-sale securities	7,115	6,717
Fair Value, Inputs, Level 2
Available-for-sale securities:
Available-for-sale securities	68,319	70,436
Fair Value, Inputs, Level 2 | US Government Agencies Agencies and Mortgage Backed Securities
Available-for-sale securities:
Available-for-sale securities	47,622	49,283
Fair Value, Inputs, Level 2 | State and Municipal Obligations
Available-for-sale securities:
Available-for-sale securities	20,697	21,153
Fair Value, Inputs, Level 3
Available-for-sale securities:
Available-for-sale securities	7,115	6,717
Mortgage servicing rights	930	999
Fair Value, Inputs, Level 3 | Corporate Bonds
Available-for-sale securities:
Available-for-sale securities	$ 7,115	$ 6,717
[1]	Derived from the audited December 31, 2017 Consolidated Financial Statements.

Fair Value Measurements - Recon

Fair Value Measurements - Reconciliation of Items Using Level Three Inputs (Detail) $ in Thousands	3 Months Ended
	Mar. 31, 2018USD ($)
Mortgage Servicing Rights
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Beginning balance	$ 999
Fair value adjustments	(69)
Sales	0
Ending balance	930
Corporate Bonds
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Beginning balance	6,717
Purchases	400
Fair value adjustments	(2)
Sales	0
Ending balance	$ 7,115

Fair Value Measurements - Summa

Fair Value Measurements - Summary of Assets Measured at Fair Value on Nonrecurring Basis (Detail) - USD ($) $ in Thousands	Mar. 31, 2018	Dec. 31, 2017
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Impaired loans	$ 3,803	$ 3,491
Other real estate owned	2,593	4,284
Fair Value, Inputs, Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Impaired loans	3,803	3,491
Other real estate owned	$ 2,593	$ 4,284

Fair Value Measurements - Sum66

Fair Value Measurements - Summary of Quantitative Fair Value Measurements for Level 3 (Detail) - USD ($) $ in Thousands	3 Months Ended	12 Months Ended
	Mar. 31, 2018	Dec. 31, 2017
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Impaired loans	$ 3,803	$ 3,491
Other real estate owned	$ 2,593	$ 4,284
Impaired Loans
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Unobservable Input, Discount rate	5.00%
Minimum | Impaired Loans
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Unobservable Input, Discount rate		5.00%
Unobservable Input, Selling Cost	10.00%	6.00%
Unobservable Input, Lack of Marketability	50.00%	50.00%
Minimum | Other Real Estate Owned
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Unobservable Input, Selling Cost	3.00%	3.00%
Unobservable Input, Lack of Marketability	10.00%	10.00%
Maximum | Impaired Loans
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Unobservable Input, Discount rate		6.00%
Unobservable Input, Selling Cost	20.00%	20.00%
Unobservable Input, Lack of Marketability	100.00%	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%	100.00%
Weighted Average | Impaired Loans
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Unobservable Input, Discount rate		6.00%
Unobservable Input, Selling Cost	15.00%	16.00%
Unobservable Input, Lack of Marketability	68.00%	65.00%
Weighted Average | Other Real Estate Owned
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Unobservable Input, Selling Cost	6.00%	8.00%
Unobservable Input, Lack of Marketability	15.00%	16.00%

Fair Value Measurements - Sum67

Fair Value Measurements - Summary of Assets and Liabilities at Carrying Value and Estimated Fair Value on a Nonrecurring Basis (Detail) - USD ($) $ in Thousands	Mar. 31, 2018	Dec. 31, 2017
Financial Assets:
Cash and due from banks	$ 7,774	$ 9,396	[1]
Interest-bearing deposits	52,564	41,971	[1]
Certificates of deposit	3,224	3,224	[1]
Federal funds sold	3,358	6,961	[1]
Restricted securities	5,510	5,787	[1]
Loans receivable, net	782,965	758,726	[1]
Loans held for sale	414	1,651	[1]
Accrued interest receivable	2,844	3,194	[1]
Financial Liabilities:
Noninterest-bearing liabilities	124,572	103,037	[1]
Savings and interest-bearing demand deposits	299,216	299,820	[1]
Time deposits	373,163	358,989	[1]
Securities sold under repurchase agreements	6,551	9,498	[1]
FHLB advances	60,000	70,000	[1]
Subordinated notes	6,881	6,877	[1]
Financial Assets:
Cash and due from banks	7,774	9,396
Interest-bearing deposits	52,564	41,971
Certificates of deposit	3,224	3,224
Federal funds sold	3,358	6,961
Restricted securities	5,510	5,787
Loans receivable, net	770,564	774,099
Loans held for sale	414	1,651
Accrued interest receivable	2,844	3,194
Financial Liabilities:
Noninterest-bearing liabilities	124,572	103,037
Savings and interest-bearing demand deposits	299,216	299,820
Time deposits	373,809	356,450
Securities sold under repurchase agreements	6,551	9,498
FHLB advances	60,422	70,486
Subordinated notes	7,055	7,000
Fair Value, Inputs, Level 1
Financial Assets:
Cash and due from banks	7,774	9,396
Interest-bearing deposits	52,564	41,971
Federal funds sold	3,358	6,961
Financial Liabilities:
Noninterest-bearing liabilities	124,572	103,037
Fair Value, Inputs, Level 2
Financial Assets:
Certificates of deposit	3,224	3,224
Restricted securities	5,510	5,787
Loans held for sale	414	1,651
Financial Liabilities:
Savings and interest-bearing demand deposits	299,216	299,820
Time deposits	373,809
Securities sold under repurchase agreements	6,551	9,498
FHLB advances	60,422	70,486
Subordinated notes	7,055
Fair Value, Inputs, Level 3
Financial Assets:
Loans receivable, net	770,564	774,099
Accrued interest receivable	$ 2,844	3,194
Financial Liabilities:
Time deposits		356,450
Subordinated notes		$ 7,000
[1]	Derived from the audited December 31, 2017 Consolidated Financial Statements.

Changes in Accumulated Other 68

Changes in Accumulated Other Comprehensive Income (Loss) - Components of Accumulated Other Comprehensive Income (Loss) Net of Taxes (Detail) - USD ($) $ in Thousands		3 Months Ended
		Mar. 31, 2018	Mar. 31, 2017
Accumulated Other Comprehensive Income (Loss) [Line Items]
Balance at beginning of period	[1]	$ 114,554
Change in net unrealized holding loss on available for sale securities		(944)	$ 30
Balance at end of period		114,919
Net Unrealized Gains (Losses) on Securities
Accumulated Other Comprehensive Income (Loss) [Line Items]
Balance at beginning of period		(489)
Change in net unrealized holding loss on available for sale securities		(944)
Balance at end of period		(1,433)
Pension and Post-retirement Benefit Plans
Accumulated Other Comprehensive Income (Loss) [Line Items]
Balance at beginning of period		(667)
Balance at end of period		(667)
Accumulated Other Comprehensive Income (Loss)
Accumulated Other Comprehensive Income (Loss) [Line Items]
Balance at beginning of period		(1,156)
Change in net unrealized holding loss on available for sale securities		(944)
Balance at end of period		$ (2,100)
[1]	Derived from the audited December 31, 2017 Consolidated Financial Statements.

Changes in Accumulated Other 69

Changes in Accumulated Other Comprehensive Income (Loss) - Components of Accumulated Other Comprehensive Income (Loss) Net of Taxes (Parenthetical) (Detail) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2018	Mar. 31, 2017
Accumulated Other Comprehensive Income (Loss) [Line Items]
Change in net unrealized holding loss on available for sale securities, tax benefit	$ (248)	$ 13
Net Unrealized Gains (Losses) on Securities
Accumulated Other Comprehensive Income (Loss) [Line Items]
Change in net unrealized holding loss on available for sale securities, tax benefit	$ (248)