Bay Banks of Virginia (BAYK) 10-Q 7 Nov 19 2019 Q3 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	9 Months Ended
	Sep. 30, 2019	Nov. 01, 2019
Cover [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Sep. 30, 2019
Document Fiscal Year Focus	2019
Document Fiscal Period Focus	Q3
Trading Symbol	BAYK
Entity Registrant Name	BAY BANKS OF VIRGINIA INC
Entity Central Index Key	0001034594
Current Fiscal Year End Date	--12-31
Entity Filer Category	Accelerated Filer
Entity Small Business	true
Entity Emerging Growth Company	false
Entity File Number	0-22955
Entity Tax Identification Number	54-1838100
Entity Address, Address Line One	1801 BAYBERRY COURT
Entity Address, Address Line Two	SUITE 101
Entity Address, City or Town	RICHMOND
Entity Address, Postal Zip Code	23226
City Area Code	804
Local Phone Number	325-3775
Entity Shell Company	false
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Address, State or Province	VA
Entity Common Stock, Shares Outstanding		13,334,506
Entity Incorporation, State or Country Code	VA
Document Quarterly Report	true
Document Transition Report	false

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($) $ in Thousands		Sep. 30, 2019	Dec. 31, 2018	[1]
ASSETS
Cash and due from banks		$ 7,419	$ 7,685
Interest-earning deposits		23,894	18,981
Federal funds sold		92	625
Certificates of deposit		3,498	3,746
Available-for-sale securities, at fair value		80,748	82,232
Restricted securities		6,684	7,600
Loans receivable, net of allowance for loan losses of $7,495 and $7,902, respectively		924,268	894,191
Loans held for sale		268	368
Premises and equipment, net		20,532	18,169
Accrued interest receivable		3,104	3,172
Other real estate owned, net		2,178	3,597
Bank owned life insurance		19,632	19,270
Goodwill		10,374	10,374
Mortgage servicing rights		910	977
Deferred tax asset, net		740	1,510
Other assets		6,203	5,927
Total assets		1,112,219	1,080,617
LIABILITIES
Noninterest-bearing demand deposits		124,670	114,122
Savings and interest-bearing demand deposits		372,404	359,400
Time deposits		396,614	368,670
Total deposits		893,688	842,192
Securities sold under repurchase agreements		6,323	6,089
Federal Home Loan Bank advances		68,000	100,000
Subordinated notes, net of issuance costs		6,906	6,893
Other liabilities		12,445	7,967
Total liabilities		987,362	963,141
SHAREHOLDERS’ EQUITY
Common stock ($5 par value; authorized - 30,000,000 shares; outstanding - 13,334,302 and 13,201,682 shares, respectively)	[2]	66,671	66,008
Additional paid-in capital		36,781	36,972
Unearned employee stock ownership plan shares		(1,593)	(1,734)
Retained earnings		22,658	17,557
Accumulated other comprehensive income (loss), net		340	(1,327)
Total shareholders’ equity		124,857	117,476
Total liabilities and shareholders’ equity		1,112,219	1,080,617
Core Deposits
ASSETS
Intangible		$ 1,675	$ 2,193
[1]	Derived from audited December 31, 2018 Consolidated Financial Statements.
[2]	Preferred stock is authorized; however, none was outstanding as of September 30, 2019 and December 31, 2018.

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Thousands	Sep. 30, 2019	Dec. 31, 2018
Statement Of Financial Position [Abstract]
Loans, allowance for loan losses	$ 7,495	$ 7,902	[1]
Common stock, par value	$ 5	$ 5	[1]
Common stock, authorized shares	30,000,000	30,000,000	[1]
Common stock, outstanding shares	13,334,302	13,201,682	[1]
Preferred stock, outstanding shares	0	0
[1]	Derived from audited December 31, 2018 Consolidated Financial Statements.

Consolidated Statements of Oper

Consolidated Statements of Operations - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
INTEREST INCOME
Loans, including fees	$ 11,930	$ 10,124	$ 34,849	$ 29,853
Securities:
Taxable	553	498	1,725	1,392
Tax-exempt	113	119	327	356
Federal funds sold	6	3	31	14
Interest-earning deposit accounts	145	106	432	399
Certificates of deposit	18	18	57	54
Total interest income	12,765	10,868	37,421	32,068
INTEREST EXPENSE
Deposits	3,123	2,027	9,019	5,427
Securities sold under repurchase agreements	4	3	11	10
Subordinated notes and other borrowings	142	128	417	384
Federal Home Loan Bank advances	465	441	1,784	1,140
Total interest expense	3,734	2,599	11,231	6,961
Net interest income	9,031	8,269	26,190	25,107
Provision for loan losses	495	509	871	481
Net interest income after provision for loan losses	8,536	7,760	25,319	24,626
NONINTEREST INCOME
Secondary market sales and servicing	293	152	632	528
Increase in cash surrender value of bank owned life insurance	122	123	362	374
Net gains (losses) on sale of available-for-sale securities	1		(1)
Net gains (losses) on disposition of other assets		51	(2)	(18)
Gain (loss) on rabbi trust assets		5	130	(11)
Gain on curtailment of post-retirement benefit plan				352
Other	15	(16)	44	101
Total noninterest income	1,200	996	3,585	3,330
NONINTEREST EXPENSE
Salaries and employee benefits	3,666	4,022	11,532	12,407
Occupancy	805	924	2,510	2,536
Data processing	541	546	1,738	1,852
Bank franchise tax	209	178	655	531
Telecommunications and other technology	258	195	727	603
FDIC assessments	(7)	151	371	521
Foreclosed property	48	45	110	110
Consulting	156	214	418	937
Advertising and marketing	124	126	300	347
Directors’ fees	148	146	525	382
Audit and accounting	193	236	586	839
Legal	20	123	130	380
Merger-related				363
Core deposit intangible amortization	164	196	517	610
Net other real estate owned losses (gains)	375	(112)	441	(169)
Other	747	542	2,108	1,966
Total noninterest expense	7,447	7,532	22,668	24,215
Income before income taxes	2,289	1,224	6,236	3,741
Income tax expense	448	198	1,180	645
Net income	$ 1,841	$ 1,026	$ 5,056	$ 3,096
Basic and diluted earnings per share	$ 0.14	$ 0.08	$ 0.39	$ 0.24
Income from Fiduciary Activities
NONINTEREST INCOME
Non-Interest Income	$ 201	$ 151	$ 621	$ 596
Service Charges and Fees on Deposit Accounts
NONINTEREST INCOME
Non-Interest Income	243	251	727	538
Wealth Management
NONINTEREST INCOME
Non-Interest Income	185	144	654	558
Interchange Fees, Net
NONINTEREST INCOME
Non-Interest Income	108	105	330	221
Other Service Charges and Fees
NONINTEREST INCOME
Non-Interest Income	$ 32	$ 30	$ 88	$ 91

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Income - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Statement Of Income And Comprehensive Income [Abstract]
Net income	$ 1,841	$ 1,026	$ 5,056	$ 3,096
Other comprehensive income (loss):
Unrealized holding gains (losses) on available-for-sale securities arising during the period	296	(477)	2,109	(1,944)
Deferred income tax (expense) benefit	(62)	100	(443)	408
Reclassification of net (gains) losses on sale of available-for-sale securities recognized in net income	(1)		1
Total other comprehensive income (loss)	233	(377)	1,667	(1,536)
Comprehensive income	$ 2,074	$ 649	$ 6,723	$ 1,560

Consolidated Statements of Chan

Consolidated Statements of Changes in Shareholders' Equity - USD ($) $ in Thousands	Total		Common Stock	Additional Paid-in Capital	Unearned Employee Stock Ownership Plan Shares	Retained Earnings	Accumulated Other Comprehensive Income (Loss), net
Balance at beginning of period at Dec. 31, 2017	$ 114,554		$ 66,018	$ 37,142	$ (1,129)	$ 13,679	$ (1,156)
Balance at beginning of period, Shares at Dec. 31, 2017			13,203,605
Net income	3,096					3,096
Other comprehensive income (loss)	(1,536)						(1,536)
Stock options exercised, net	131		$ 112	19
Stock options exercised, net, Shares			22,491
Director stock grant	126		$ 64	62
Director stock grant, Shares			12,620
ESOP collateral release	123				123
Share-based compensation expense	53			53
Balance at end of period at Sep. 30, 2018	116,547		$ 66,194	37,276	(1,006)	16,775	(2,692)
Balance at end of period, Shares at Sep. 30, 2018			13,238,716
Balance at beginning of period at Jun. 30, 2018	115,724		$ 66,130	37,207	(1,047)	15,749	(2,315)
Balance at beginning of period, Shares at Jun. 30, 2018			13,226,096
Net income	1,026					1,026
Other comprehensive income (loss)	(377)						(377)
Director stock grant	126		$ 64	62
Director stock grant, Shares			12,620
ESOP collateral release	41				41
Share-based compensation expense	7			7
Balance at end of period at Sep. 30, 2018	116,547		$ 66,194	37,276	(1,006)	16,775	(2,692)
Balance at end of period, Shares at Sep. 30, 2018			13,238,716
Balance at beginning of period at Dec. 31, 2018	$ 117,476	[1]	$ 66,008	36,972	(1,734)	17,557	(1,327)
Balance at beginning of period, Shares at Dec. 31, 2018	13,201,682	[1]	13,201,682
Net income	$ 5,056					5,056
Other comprehensive income (loss)	1,667						1,667
Stock options exercised, net	9		$ 26	(17)
Stock options exercised, net, Shares			5,173
Director stock grant	148		$ 92	56
Director stock grant, Shares			18,396
Restricted stock awards			$ 545	(545)
Restricted stock awards,shares			109,051
ESOP collateral release	141				141
Share-based compensation expense	315			315
Cumulative effect adjustment of adoption of accounting principle	45					45
Balance at end of period at Sep. 30, 2019	$ 124,857		$ 66,671	36,781	(1,593)	22,658	340
Balance at end of period, Shares at Sep. 30, 2019	13,334,302		13,334,302
Balance at beginning of period at Jun. 30, 2019	$ 122,617		$ 66,662	36,699	(1,668)	20,817	107
Balance at beginning of period, Shares at Jun. 30, 2019			13,332,484
Net income	1,841					1,841
Other comprehensive income (loss)	233						233
Restricted stock awards			$ 9	(9)
Restricted stock awards,shares			1,818
ESOP collateral release	75				75
Share-based compensation expense	91			91
Balance at end of period at Sep. 30, 2019	$ 124,857		$ 66,671	$ 36,781	$ (1,593)	$ 22,658	$ 340
Balance at end of period, Shares at Sep. 30, 2019	13,334,302		13,334,302
[1]	Derived from audited December 31, 2018 Consolidated Financial Statements.

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018
Cash Flows From Operating Activities
Net income	$ 5,056	$ 3,096
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	1,279	1,261
Net premium amortization on available-for-sale securities	397	167
Amortization of subordinated notes issuance costs	13	12
Amortization of core deposit intangible	517	610
Accretion of fair value adjustment on acquired time deposits	(96)	(150)
Accretion of fair value discounts on acquired loans	(993)	(1,408)
Provision for loan losses	871	481
Share-based compensation expense	315	115
Net losses on the sale of available-for-sale securities	1
Increase (decrease) in other real estate owned valuation allowance	423	(33)
Net losses (gains) on sale of other real estate owned	18	(136)
Net losses on the disposition of fixed and other assets	2	18
Decrease in value of mortgage servicing rights	67	18
Originations of loans held for sale (HFS)	(42,847)	(17,096)
Proceeds from HFS loan sales	43,411	19,039
Gains on HFS sold loans	(464)	(292)
Increase in cash surrender value of bank owned life insurance	(362)	(374)
Gain on curtailment of post-retirement benefit plan		(352)
Increase in other assets, deferred tax asset, and accrued interest receivable	(2,914)	(675)
Increase in other liabilities	4,438	1,487
Net cash provided by operating activities	9,132	5,788
Cash Flows From Investing Activities
Proceeds from maturities and principal paydowns of available-for-sale securities	3,636	3,477
Proceeds from sales and calls of available-for-sale securities	4,560
Purchases of available-for-sale securities	(5,000)	(9,650)
Sales (purchases) of restricted securities, net	916	(963)
Maturities of certificates of deposit	248	248
Decrease in federal funds sold	533	6,764
Net increase in loans	(30,300)	(89,709)
Proceeds from sale of other real estate owned	1,324	3,159
Net purchases of premises and equipment	(167)	(2,113)
Net cash used in investing activities	(24,250)	(88,787)
Cash Flows From Financing Activities
Net increase in demand, savings, and other interest-bearing demand deposits	23,552	36,435
Net increase in time deposits	28,040	10,997
Stock options exercised, net	9	131
Net increase (decrease) in securities sold under repurchase agreements and other borrowings	164	(3,415)
(Decrease) increase in Federal Home Loan Bank advances	(32,000)	10,000
Net cash provided by financing activities	19,765	54,148
Net increase (decrease) in cash and due from banks	4,647	(28,851)
Cash and cash equivalents (including interest-earning deposits) at beginning of period	26,666	51,367
Cash and cash equivalents (including interest-earning deposits) at end of period	31,313	22,516
Cash paid for:
Interest	11,264	6,983
Income taxes		700
Non-cash investing and financing activities:
Unrealized gain (loss) on available-for-sale securities	2,109	(1,944)
Changes in deferred taxes resulting from other comprehensive income transactions	(443)	408
Loans transferred to other real estate owned	346	2,369
Cumulative effect adjustment of adoption of accounting principle	(45)
Employee stock ownership plan transactions	(141)	(123)
Director stock grant	$ 148	$ 64

Basis of Presentation

Basis of Presentation	9 Months Ended
	Sep. 30, 2019
Accounting Policies [Abstract]
Basis of Presentation	Note 1: Basis of Presentation Bay Banks of Virginia, Inc. (the “Company”) is the holding company for Virginia Commonwealth Bank (the “Bank”), for VCB Financial Group, Inc. (the “Financial Group”), and for Steptoes Holdings, LLC (“Steptoes Holdings”). The consolidated financial statements of the Company include the accounts of the Company, the Bank, the Financial Group, and Steptoes Holdings. The accounting and reporting policies of the Company conform to accounting principles generally accepted in the United States of America (“GAAP”) and to the general practices within the banking industry. In management’s opinion, all adjustments, consisting only of normal recurring adjustments necessary for a fair presentation of the consolidated financial statements, have been included. The results of operations for the interim periods are not necessarily indicative of the results to be expected for the full year or for any other interim periods. These consolidated financial statements should be read in conjunction with the consolidated financial statements and notes to the consolidated financial statements included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2018. 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	9 Months Ended
	Sep. 30, 2019
Accounting Changes And Error Corrections [Abstract]
Amendments to the Accounting Standards Codification	Note 2: Amendments to the Accounting Standards Codification In August 2018, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) 2018-13, Fair Value Measurement (Topic 820) Fair Value Measurement In June 2016, the FASB issued ASU 2016-13, Financial Instruments – Credit Losses (Accounting Standards Codification 326), In February 2016, the FASB issued ASU 2016-02, Leases (ASC 842)

Securities

Securities	9 Months Ended
	Sep. 30, 2019
Investments Debt And Equity Securities [Abstract]
Securities	Note 3: Securities The aggregate amortized costs and fair values of available-for-sale securities as of the dates stated were as follows. Gross Gross Amortized Unrealized Unrealized Fair September 30, 2019 Cost Gains (Losses) Value U.S. Government agencies and mortgage backed securities $ 50,324 $ 286 $ (192 ) $ 50,418 State and municipal obligations 16,717 382 (3 ) 17,096 Corporate bonds 13,173 65 (4 ) 13,234 Total available-for-sale securities $ 80,214 $ 733 $ (199 ) $ 80,748 Gross Gross Amortized Unrealized Unrealized Fair December 31, 2018 Cost Gains (Losses) Value U.S. Government agencies and mortgage backed securities $ 51,126 $ 35 $ (1,279 ) $ 49,882 State and municipal obligations 20,484 60 (327 ) 20,217 Corporate bonds 12,194 23 (84 ) 12,133 Total available-for-sale securities $ 83,804 $ 118 $ (1,690 ) $ 82,232 Securities with fair values of $11.1 million and $17.5 million were pledged as collateral for securities sold under repurchase agreements as of September 30, 2019 and December 31, 2018, respectively. As of September 30, 2019 and December 31, 2018, all of the securities pledged for repurchase agreements were state and municipal obligations. All of the repurchase agreements had remaining contractual maturities that were overnight and continuous. Securities sold under repurchase agreements were $6.3 million and $6.1 million as of September 30, 2019 and December 31, 2018, 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. The following tables present securities in an unrealized loss position as of September 30, 2019 and December 31, 2018, by period of the unrealized loss and number of securities. The unrealized loss positions were primarily related to interest rate movements and not the credit quality of the issuers. All agency securities and state 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. Less than 12 months 12 months or more Total September 30, 2019 Number of Securities Fair Value Unrealized Loss Fair Value Unrealized Loss Fair Value Unrealized Loss U.S. Government agencies and mortgage backed securities 38 $ 4,763 $ (27 ) $ 19,845 $ (165 ) $ 24,608 $ (192 ) State and municipal obligations 2 916 (3 ) — — 916 (3 ) Corporate bonds 1 1,009 (4 ) — — 1,009 (4 ) Total temporarily impaired securities 41 $ 6,688 $ (34 ) $ 19,845 $ (165 ) $ 26,533 $ (199 ) Less than 12 months 12 months or more Total December 31, 2018 Number of Securities Fair Value Unrealized Loss Fair Value Unrealized Loss Fair Value Unrealized Loss U.S. Government agencies and mortgage backed securities 54 $ 2,911 $ (22 ) $ 43,843 $ (1,257 ) $ 46,754 $ (1,279 ) State and municipal obligations 39 2,723 (27 ) 9,119 (300 ) 11,842 (327 ) Corporate bonds 5 5,742 (84 ) — — 5,742 (84 ) Total temporarily impaired securities 98 $ 11,376 $ (133 ) $ 52,962 $ (1,557 ) $ 64,338 $ (1,690 ) The following table presents the amortized cost and fair value by contractual maturity of available-for-sale securities as of the dates stated. Expected maturities may differ from contractual maturities, as issuers may have the right to call or prepay obligations with or without call or prepayment penalties. September 30, 2019 December 31, 2018 Amortized Cost Fair Value Amortized Cost Fair Value Due in one year or less $ 7,024 $ 7,015 $ 1,080 $ 1,079 Due after one year but less than five years 45,512 45,714 47,065 46,358 Due after five years but less than ten years 23,101 23,465 26,615 26,149 Due after ten years 4,577 4,554 9,044 8,646 Total available-for-sale securities $ 80,214 $ 80,748 $ 83,804 $ 82,232 Restricted Securities The Company’s investment in Federal Home Loan Bank of Atlanta (“FHLB”) stock totaled $3.9 million and $5.1 million as of September 30, 2019 and December 31, 2018, respectively. The Company also has an investment in the Federal Reserve Bank of Richmond (“FRB”) stock, which totaled $2.6 million as of September 30, 2019 and $2.3 million as of December 31, 2018 and a stock investment in the Bank’s primary correspondent bank totaling $220 thousand as of September 30, 2019 and December 31, 2018. The investments in both FHLB and FRB stock are required investments related to the Bank’s membership with the FHLB and FRB. These securities do not have a readily determinable fair value as their ownership is restricted, and they lack an active market for trading. Additionally, pursuant to 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	9 Months Ended
	Sep. 30, 2019
Receivables [Abstract]
Loans	Note 4: Loans Loans are reported at their recorded investment, which is the outstanding principal balance net of any unearned income and costs, such as deferred fees and costs, charge-offs, and discounts or premiums on acquired or purchased loans. Interest on loans is recognized in earnings over the contractual term of the loan and is calculated using the effective interest method on principal amounts outstanding. Loan 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 or principal curtailments, as applicable. All interest accrued but not collected for loans that are placed on nonaccrual or charged-off are reversed against interest income at the time the loans are placed on nonaccrual or charged-off. Any subsequent interest received on these loans is recognized as interest income under the cash basis method of accounting or applied as a reduction of the principal balance of the loan until the loan qualifies for return to accrual status. Generally, a loan is returned to accrual status when all principal and interest amounts contractually due are brought current and future payments are reasonably assured, or the loan becomes well-secured and in the process of collection. The following table presents a summary of loans as of the dates stated. September 30, 2019 December 31, 2018 Mortgage loans on real estate: Construction, land and land development $ 119,278 $ 109,475 Commercial mortgages (non-owner occupied) 193,480 180,074 Commercial mortgages (owner occupied) 83,643 87,241 Residential first mortgages 301,185 298,894 Residential revolving and junior mortgages 33,694 38,313 Commercial and industrial 186,281 164,608 Consumer 14,471 23,740 Total loans 932,032 902,345 Net unamortized deferred loan fees (269 ) (252 ) Allowance for loan losses (7,495 ) (7,902 ) Loans receivable, net $ 924,268 $ 894,191 As of September 30, 2019 and December 31, 2018, the Company had $351.2 million and $294.6 million, respectively, of loans pledged to the FHLB as collateral for borrowings. After adjustments by the FHLB, the total lendable collateral was $277.2 million and $229.1 million as of September 30, 2019 and December 31, 2018, respectively. The following tables present the recorded investment for past due, based upon contractual terms, and nonaccrual loans as of the dates stated. A loan past due 90 days or more is generally placed on nonaccrual unless it is both well-secured and in the process of collection. Loans presented below as 90 days or more past due and still accruing include purchased credit-impaired (“PCI”) loans. September 30, 2019 30-89 Days Past Due 90 Days or More Past Due and Still Accruing Nonaccrual Total Past Due and Nonaccrual Current Total Loans Mortgage loans on real estate: Construction, land and land development $ 30 $ — $ 692 $ 722 $ 118,556 $ 119,278 Commercial mortgages (non-owner occupied) 74 — 433 507 192,973 193,480 Commercial mortgages (owner occupied) 232 — 380 612 83,031 83,643 Residential first mortgages 1,473 25 1,773 3,271 297,914 301,185 Residential revolving and junior mortgages — — 762 762 32,932 33,694 Commercial and industrial 76 — 2,874 2,950 183,331 186,281 Consumer 216 — 280 496 13,975 14,471 Total loans $ 2,101 $ 25 $ 7,194 $ 9,320 $ 922,712 $ 932,032 December 31, 2018 30-89 Days Past Due 90 Days or More Past Due and Still Accruing Nonaccrual Total Past Due and Nonaccrual Current Total Loans Mortgage loans on real estate: Construction, land and land development $ 552 $ — $ 740 $ 1,292 $ 108,183 $ 109,475 Commercial mortgages (non-owner occupied) 50 — 996 1,046 179,028 180,074 Commercial mortgages (owner occupied) — 56 1,064 1,120 86,121 87,241 Residential first mortgages 1,341 55 1,361 2,757 296,137 298,894 Residential revolving and junior mortgages 115 — 782 897 37,416 38,313 Commercial and industrial — — 48 48 164,560 164,608 Consumer 329 — 215 544 23,196 23,740 Total loans $ 2,387 $ 111 $ 5,206 $ 7,704 $ 894,641 $ 902,345 The following tables include an aging analysis, based upon contractual terms, of the recorded investment of PCI loans included in the tables above, as of the dates stated. September 30, 2019 30-89 Days Past Due 90 Days or More Past Due and Still Accruing Nonaccrual Total Past Due and Nonaccrual Current Total PCI Loans Mortgage loans on real estate: Construction, land and land development $ — $ — $ — $ — $ 1,368 $ 1,368 Commercial mortgages (non-owner occupied) — — — — 125 125 Commercial mortgages (owner occupied) — — — — 265 265 Residential first mortgages — 25 — 25 3,092 3,117 Residential revolving and junior mortgages — — — — — — Commercial and industrial — — — — — — Consumer — — — — 43 43 Total purchased credit-impaired loans $ — $ 25 $ — $ 25 $ 4,893 $ 4,918 December 31, 2018 30-89 Days Past Due 90 Days or More Past Due and Still Accruing Nonaccrual Total Past Due and Nonaccrual Current Total PCI Loans Mortgage loans on real estate: Construction, land and land development $ 23 $ — $ — $ 23 $ 1,355 $ 1,378 Commercial mortgages (non-owner occupied) — — — — 142 142 Commercial mortgages (owner occupied) — 56 — 56 237 293 Residential first mortgages 92 55 — 147 3,317 3,464 Residential revolving and junior mortgages — — — — — — Commercial and industrial — — — — — — Consumer — — — — 46 46 Total purchased credit-impaired loans $ 115 $ 111 $ — $ 226 $ 5,097 $ 5,323 The following table presents the changes in accretable yield for PCI loans for the period stated. For the Nine Months Ended September 30, 2019 Balance as of December 31, 2018 $ 1,083 Accretion of acquisition accounting adjustment (305 ) Reclassifications from nonaccretable balance, net 62 Other changes, net 153 Balance as of September 30, 2019 $ 993 Internal Risk Ratings Loans in the Company’s loan portfolio are risk rated on a periodic basis by experienced credit personnel. Risk rating categories are as follows: Pass Special Mention Substandard Doubtful Loss The following tables present the Company’s risk rating of loans by loan type as of the dates stated. September 30, 2019 Construction, Land and Land Development Commercial Mortgages (Non-Owner Occupied) Commercial Mortgages (Owner Occupied) Residential First Mortgages Residential Revolving and Junior Mortgages Commercial and Industrial Consumer Total Loans Rating: Pass $ 117,219 $ 192,922 $ 82,738 $ 297,409 $ 32,878 $ 182,195 $ 14,177 $ 919,538 Special mention — — 150 922 87 17 — 1,176 Substandard 2,059 558 755 2,854 729 4,069 294 11,318 Doubtful — — — — — — — — Total loans $ 119,278 $ 193,480 $ 83,643 $ 301,185 $ 33,694 $ 186,281 $ 14,471 $ 932,032 December 31, 2018 Construction, Land and Land Development Commercial Mortgages (Non-Owner Occupied) Commercial Mortgages (Owner Occupied) Residential First Mortgages Residential Revolving and Junior Mortgages Commercial and Industrial Consumer Total Loans Rating: Pass $ 107,306 $ 178,936 $ 85,897 $ 295,372 $ 37,206 $ 162,392 $ 23,389 $ 890,498 Special mention 68 — 107 1,071 — 893 121 2,260 Substandard 2,101 1,138 1,237 2,451 1,107 1,323 230 9,587 Doubtful — — — — — — — — Total loans $ 109,475 $ 180,074 $ 87,241 $ 298,894 $ 38,313 $ 164,608 $ 23,740 $ 902,345

Allowance for Loan Losses

Allowance for Loan Losses	9 Months Ended
	Sep. 30, 2019
Receivables [Abstract]
Allowance for Loan Losses	Note 5: Allowance for Loan Losses The allowance for loan losses (“ALL”) reflects management’s estimate of probable loan losses inherent in the loan portfolio as of the balance sheet date. Management uses a disciplined process and methodology to establish the ALL each quarter-end. To determine the total ALL, the Company estimates the reserves needed for each homogenous type of the loan portfolio, in addition to loans analyzed individually for impairment. Depending on the nature of each loan type, 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 individually to calculate the amount of impairment. Impaired loans measured individually for impairment generally include (1) any loan risk rated Special Mention or worse where the borrower has filed for bankruptcy; (2) all loans risk rated Substandard or worse with balances of $400 thousand or more; and (3) all loans classified as a troubled debt restructuring (“TDR”). For the general component of the ALL, the Company collectively evaluates any loans not evaluated individually for a specific reserve, including impaired loans risk rated Substandard or worse with balances less than $400 thousand. All loans evaluated collectively are grouped into types, and historical loss experience is calculated and applied to each loan type and the resultant reserve is 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 loan types. An unallocated component is maintained, if needed, to cover uncertainties that could affect management’s estimate of probable losses. Loans Evaluated for Impairment The following table presents the ALL by loans evaluated for impairment individually and collectively by loan type as of the dates stated. September 30, 2019 Mortgage Loans on Real Estate Commercial and Industrial Consumer Total Allowance for loan losses applicable to: Loans individually evaluated for impairment $ 750 $ 141 $ 116 $ 1,007 Loans collectively evaluated for impairment 4,331 1,511 646 6,488 Purchased credit-impaired loans — — — — Total allowance for loan losses $ 5,081 $ 1,652 $ 762 $ 7,495 Loan balances applicable to: Loans individually evaluated for impairment $ 6,302 $ 2,689 $ 116 $ 9,107 Loans collectively evaluated for impairment 720,103 183,592 14,312 918,007 Purchased credit-impaired loans 4,875 — 43 4,918 Total loans $ 731,280 $ 186,281 $ 14,471 $ 932,032 December 31, 2018 Allowance for loan losses applicable to: Loans individually evaluated for impairment $ 1,036 $ — $ 121 $ 1,157 Loans collectively evaluated for impairment 3,931 1,374 1,440 6,745 Purchased credit-impaired loans — — — — Total allowance for loan losses $ 4,967 $ 1,374 $ 1,561 $ 7,902 Loan balances applicable to: Loans individually evaluated for impairment $ 7,485 $ — $ 121 $ 7,606 Loans collectively evaluated for impairment 701,235 164,608 23,573 889,416 Purchased credit-impaired loans 5,277 — 46 5,323 Total loans $ 713,997 $ 164,608 $ 23,740 $ 902,345 The following tables present an analysis of the change in the ALL by loan type for the periods presented. For the Three Months Ended September 30, 2019 Mortgage Loans on Real Estate Commercial and Industrial Consumer Total Beginning Balance $ 5,052 $ 1,537 $ 890 $ 7,479 Charge-offs (209 ) — (345 ) (554 ) Recoveries 24 1 50 75 Provision 214 114 167 495 Ending Balance $ 5,081 $ 1,652 $ 762 $ 7,495 For the Three Months Ended September 30, 2018 Mortgage Loans on Real Estate Commercial and Industrial Consumer Total Beginning Balance $ 4,244 $ 944 $ 1,925 $ 7,113 Charge-offs (54 ) — (418 ) (472 ) Recoveries 60 — 77 137 Provision 157 186 166 509 Ending Balance $ 4,407 $ 1,130 $ 1,750 $ 7,287 For the Nine Months Ended September 30, 2019 Mortgage Loans on Real Estate Commercial and Industrial Consumer Total Beginning Balance $ 4,967 $ 1,374 $ 1,561 $ 7,902 Charge-offs (368 ) — (1,163 ) (1,531 ) Recoveries 67 1 185 253 Provision 415 277 179 871 Ending Balance $ 5,081 $ 1,652 $ 762 $ 7,495 For the Nine Months Ended September 30, 2018 Mortgage Loans on Real Estate Commercial and Industrial Consumer Total Beginning Balance $ 3,864 $ 878 $ 3,028 $ 7,770 Charge-offs (168 ) (116 ) (1,095 ) (1,379 ) Recoveries 103 1 311 415 Provision (recovery of) 608 367 (494 ) 481 Ending Balance $ 4,407 $ 1,130 $ 1,750 $ 7,287 Impaired Loans The following table presents the Company’s recorded investment and the borrowers’ unpaid principal balances for impaired loans, excluding PCI loans, with the associated ALL amount, if applicable, by loan type as of the dates stated. As of September 30, 2019 As of December 31, 2018 Recorded Investment Borrowers’ Unpaid Principal Balance Related Allowance Recorded Investment Borrowers’ Unpaid Principal Balance Related Allowance With no related allowance: Construction, land and land development $ 324 $ 395 $ — $ 335 $ 406 $ — Commercial mortgages (non-owner occupied) — — — 386 386 — Commercial mortgages (owner occupied) 425 425 — — — — Residential first mortgages 1,027 1,027 — — — — Residential revolving and junior mortgages — — — 1,028 1,028 — Commercial and industrial — — — — — — Consumer — — — — — — Total impaired loans with no related allowance 1,776 1,847 — 1,749 1,820 — With an allowance recorded: Construction, land and land development 173 173 38 275 275 132 Commercial mortgages (non-owner occupied) 433 433 33 443 443 18 Commercial mortgages (owner occupied) 1,052 1,052 53 1,069 1,069 57 Residential first mortgages 2,785 2,785 543 3,447 3,447 565 Residential revolving and junior mortgages 83 83 83 502 502 264 Commercial and industrial 2,689 2,689 141 — — — Consumer 116 116 116 121 121 121 Total impaired loans with allowance recorded 7,331 7,331 1,007 5,857 5,857 1,157 Total impaired loans: Construction, land and land development 497 568 38 610 681 132 Commercial mortgages (non-owner occupied) 433 433 33 829 829 18 Commercial mortgages (owner occupied) 1,477 1,477 53 1,069 1,069 57 Residential first mortgages 3,812 3,812 543 3,447 3,447 565 Residential revolving and junior mortgages 83 83 83 1,530 1,530 264 Commercial and industrial 2,689 2,689 141 — — — Consumer 116 116 116 121 121 121 Total impaired loans $ 9,107 $ 9,178 $ 1,007 $ 7,606 $ 7,677 $ 1,157 The following table presents the average recorded investment and interest income recognized for impaired loans, excluding PCI loans, by loan type for the periods presented. For the Three Months Ended For the Nine Months Ended September 30, 2019 September 30, 2018 September 30, 2019 September 30, 2018 Average Recorded Investment Interest Income Recognized Average Recorded Investment Interest Income Recognized Average Recorded Investment Interest Income Recognized Average Recorded Investment Interest Income Recognized With no related allowance: Construction, land and land development $ 326 $ 1 $ 93 $ — $ 330 $ 4 $ 147 $ 1 Commercial mortgages (non-owner occupied) — — — — — — — — Commercial mortgages (owner occupied) 427 6 1,013 8 405 20 985 29 Residential first mortgages 1,039 14 1,472 21 1,113 43 1,282 62 Residential revolving and junior mortgages — — 416 1 — — 415 4 Commercial and industrial — — — — — — — — Consumer — — — 3 — — — — Total impaired loans with no allowance 1,792 21 2,994 33 1,848 67 2,829 96 With an allowance recorded: Construction, land and land development 175 3 524 8 224 18 512 24 Commercial mortgages (non-owner occupied) 434 3 445 11 436 30 223 11 Commercial mortgages (owner occupied) 1,055 14 935 13 1,061 42 945 39 Residential first mortgages 3,039 34 2,394 32 3,181 93 2,277 94 Residential revolving and junior mortgages 128 2 130 2 397 7 125 7 Commercial and industrial 1,344 30 — — 672 30 — — Consumer 118 2 — — 119 6 — 8 Total impaired loans with allowance recorded 6,293 88 4,428 66 6,090 226 4,082 183 Total impaired loans: Construction, land and land development 501 4 617 8 554 22 659 25 Commercial mortgages (non-owner occupied) 434 3 445 11 436 30 223 11 Commercial mortgages (owner occupied) 1,482 20 1,948 21 1,466 62 1,930 68 Residential first mortgages 4,078 48 3,866 53 4,294 136 3,559 156 Residential revolving and junior mortgages 128 2 546 3 397 7 540 11 Commercial and industrial 1,344 30 — — 672 30 — — Consumer 118 2 — 3 119 6 — 8 Total impaired loans $ 8,085 $ 109 $ 7,422 $ 99 $ 7,938 $ 293 $ 6,911 $ 279 The following table presents a reconciliation of nonaccrual loans to impaired loans as of the dates stated. September 30, 2019 December 31, 2018 Nonaccrual loans $ 7,194 $ 5,206 Nonaccrual loans collectively evaluated for impairment (1,601 ) (2,040 ) Nonaccrual impaired loans 5,593 3,166 TDRs on accrual 3,514 4,115 Other impaired loans on accrual — 325 Total impaired loans $ 9,107 $ 7,606 Troubled Debt Restructurings 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 experiencing financial difficulties and 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 may work with them to modify their loan(s) 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 to the Company and are classified as TDRs. TDRs are considered impaired loans and are individually evaluated for impairment for the ALL. The following tables present by loan type information related to loans modified as TDRs for the periods presented. For the Three Months Ended For the Three Months Ended September 30, 2019 September 30, 2018 Number of Loans Pre-Modification Outstanding Recorded Investment Post-Modification Outstanding Recorded Investment Number of Loans Pre-Modification Outstanding Recorded Investment Post-Modification Outstanding Recorded Investment Commercial Mortgages (Owner Occupied) (1) — $ — $ — 1 $ 644 $ 672 Residential first mortgages (2) — $ — $ — 3 $ 628 $ 631 (1) Modification in the 2018 period was interest capitalized to principal. (2) Modifications in the 2018 period consisted of one rate reduction and two extensions of loan terms. For the Nine Months Ended For the Nine Months Ended September 30, 2019 September 30, 2018 Number of Loans Pre-Modification Outstanding Recorded Investment Post-Modification Outstanding Recorded Investment Number of Loans Pre-Modification Outstanding Recorded Investment Post-Modification Outstanding Recorded Investment Commercial Mortgages (Owner Occupied) (1) 1 $ 48 $ 52 1 $ 644 $ 672 Residential first mortgages (2) — $ — $ — 7 $ 1,218 $ 1,222 (1) Modification in the 2019 period was an extension of the loan term and in the 2018 period was interest capitalized to principal. (2) Modifications in the 2018 period were five extensions of loan terms, a principal forbearance, and a rate reduction. No loans designated as TDRs subsequently defaulted in the three or nine months ended September 30, 2019 or 2018. The following table presents a roll-forward of accruing and nonaccrual TDRs for the period presented. Accruing Nonaccrual Total Balance as of December 31, 2018 $ 4,115 $ 1,477 $ 5,592 Charge-offs — — — Payments and other adjustments (584 ) (122 ) (706 ) New TDR designation 52 — 52 Release TDR designation — — — Transfer (69 ) 69 — Balance as of September 30, 2019 $ 3,514 $ 1,424 $ 4,938

Other Real Estate Owned, Net

Other Real Estate Owned, Net	9 Months Ended
	Sep. 30, 2019
Banking And Thrift [Abstract]
Other Real Estate Owned, Net	Note 6: Other Real Estate Owned, net The following table presents the number and carrying values of properties included in other real estate owned (“OREO”) as of the dates stated. September 30, 2019 December 31, 2018 Number of Carrying Number of Carrying Properties Value Properties Value Residential 4 $ 388 6 $ 1,339 Land 16 1,530 17 1,741 Commercial properties 1 260 3 517 Total other real estate owned, net 21 2,178 26 3,597 There were three residential mortgage loans totaling $255 thousand in the process of foreclosure as of September 30, 2019.

Leases

Leases	9 Months Ended
	Sep. 30, 2019
Leases [Abstract]
Leases	Note 7: Leases On January 1, 2019, the Company adopted the requirements of ASU 2016-02. As part of the adoption of this accounting standard, the Company evaluated its population of existing real estate and equipment leases as of January 1, 2019. The purpose was to determine whether the Company’s existing contractual arrangements constitute a lease, or contains an embedded lease, which would be in scope under ASU 2016-02, and whether such leases would meet the requirements of an operating or financing lease under the new standard. Based on this evaluation, the Company identified 16 operating leases for land, buildings, and equipment with remaining lease terms ranging from one to ten years. Most of the Company’s leases include renewal options, with renewal terms extending the lease obligation up to as much as five years. Lease terms may include renewal or extension options to the extent they are reasonably certain to be exercised as assessed at lease commencement. As of and for the nine months ended September 30, 2019, the Company did not have any leases that met the standard definition of a finance lease nor did it engage in any sale-leaseback transactions, have any short-term leases, or have any sublease income. For operating leases, ROU assets and lease liabilities are recognized at the commencement date of the respective lease. ROU assets represent the Company’s right to use leased assets over the term of the lease. Lease liabilities represent the Company’s contractual obligation to make lease payments over the lease term and are measured as the present value of the lease payments over the lease term. ROU assets are measured as the amount of the lease liability adjusted for certain items such as prepaid lease payments, unamortized lease incentives, and unamortized direct costs. ROU assets are amortized on a straight-line basis less the periodic interest expense adjustment of the lease liability and the amortization is included in occupancy expense in the Company’s consolidated statements of operations. For the three and nine months ended September 30, 2019, operating lease expense totaled $225 thousand and $685 thousand, respectively. The discount rate used for the present value calculations for lease liabilities was the rate implicit in the lease if determinable, and when the rate was not determinable, the Company used its incremental, collateralized borrowing rate with the FHLB for the period that most closely coincided with the respective lease term as of the commencement date of the lease. During the first quarter of 2019, the Company commenced a new operating lease for the Richmond, Virginia office of the Financial Group, which resulted in the recognition of an operating ROU asset and lease liability of $826 thousand. During the second quarter of 2019, the Company commenced a new operating lease for a retail branch in Henrico County, Virginia, which resulted in the recognition of an operating ROU asset and lease liability of $478 thousand and $473 thousand, respectively. The following table presents the ROU assets and lease liabilities as of the date stated. ROU assets and lease liabilities are included in other assets and other liabilities, respectively, in the Company’s consolidated balance sheets. September 30, 2019 Operating lease right-of-use assets $ 4,222 Operating lease liabilities $ 4,521 The following table presents the weighted average remaining lease term and discount rate associated with the Company’s operating leases as of the date stated. September 30, 2019 Weighted average remaining lease term 8 years Weighted average discount rate 3.12 % The following table presents a maturity analysis of the Company’s operating lease liabilities for the five years ending subsequent to September 30, 2019 and in total thereafter. 2019 $ 207 2020 944 2021 977 2022 601 2023 351 Thereafter 2,057 Total 5,137 Less interest (616 ) Lease liability $ 4,521 The following table presents supplemental cash flow information related to the Company’s operating leases for the period stated. For the Nine Months Ended September 30, 2019 Cash paid for amount included in the measurement of lease liabilities: Operating cash outflows from operating leases $ 744 Right-of-use assets obtained in exchange for new operating lease liabilities $ 1,304 As part of the implementation of ASU 2016-02, the Company elected various practical expedients. The Company elected to retain the operating lease classification for all of its existing leases as of January 1, 2019 under the former lease accounting standard. The Company elected not to reassess whether existing leases contained embedded lease arrangements or whether there were initial directs costs that should have been considered as part of the transition to ASU 2016-02. The Company also elected not to recognize an ROU asset and lease obligation for contracts with an initial term of twelve months or less. The expense associated with these short-term leases is included in noninterest expense in the consolidated statements of operations. To the extent that a lease arrangement includes both lease and non-lease components, the Company has elected not to account for these separately. Lastly, the Company has elected in its accounting policies to utilize a fair value threshold, such that a contract with an ROU asset or lease obligation below a minimum threshold of $7.5 thousand is excluded from the provisions of ASU 2016-02.

Earnings per Share

Earnings per Share	9 Months Ended
	Sep. 30, 2019
Earnings Per Share [Abstract]
Earnings per Share	Note 8: Earnings per Share The following table shows the weighted average number of shares used in computing earnings per share and the effect on the weighted average number of shares of dilutive potential common stock. Basic earnings per share amounts are computed by dividing net income (the numerator) by the weighted average number of common shares outstanding (the denominator). Diluted earnings per share amounts assume the conversion, exercise, or issuance of all potential common stock instruments, unless the effect is to reduce the loss or increase earnings per common share (anti-dilutive). For both computations, the weighted average number of the Company’s employee stock ownership plan (“ESOP”) shares not committed to be released to participant accounts are not assumed to be outstanding. The weighted average ESOP shares excluded from the computation were 197,804 and 203,904 for the three and nine months ended September 30, 2019, respectively. The weighted average ESOP shares excluded from the computation were 147,383 and 154,376 for the three and nine months ended September 30, 2018, respectively. For the three months ended September 30, 2019 and 2018, options on 119,047 and 88,784 shares, respectively, were not included in computing diluted earnings per share because their effects would have been anti-dilutive. For the nine months ended September 30, 2019 and 2018, options on 119,047 and 88,784 shares, respectively, were not included in computing diluted earnings per share because their effects would have been anti-dilutive. For the Three Months Ended September 30, For the Nine Months Ended September 30, 2019 2018 2019 2018 Net income $ 1,841 $ 1,026 $ 5,056 $ 3,096 Weighted average shares outstanding, basic 13,077,600 13,080,372 13,046,694 13,059,845 Dilutive shares: Stock options 32,756 56,060 33,034 60,334 Restricted stock 22,103 6,117 12,639 8,536 Weighted average shares outstanding, dilutive 13,132,459 13,142,549 13,092,367 13,128,715 Basic and diluted earnings per share $ 0.14 $ 0.08 $ 0.39 $ 0.24

Borrowings

Borrowings	9 Months Ended
	Sep. 30, 2019
Debt Disclosure [Abstract]
Borrowings	Note 9: Borrowings FHLB Borrowings As of September 30, 2019 and December 31, 2018, the Bank had $68.0 million and $100.0 million of outstanding FHLB borrowings, consisting of five and four advances, respectively. Advances on the FHLB line are secured by a blanket lien on qualified one-to-four family real estate, commercial real estate, and multifamily residential loans. Immediately available credit, as of September 30, 2019, was $186.4 million against a total line of credit of $272.4 million. As of September 30, 2019, the Bank had $18.0 million of letters of credit issued by the FHLB for the benefit of the Virginia Department of the Treasury as collateral for public deposits held by the Bank to comply with the Security of Public Deposits Act. The $18.0 million is not an outstanding borrowing, as of September 30, 2019, but does reduce the available credit under the FHLB credit line. The following table presents information regarding the five advances outstanding as of September 30, 2019. Originated Stated Maturity Balance Date Interest Rate Date Adjustable rate hybrid $ 10,000 4/12/2013 4.68 % 4/13/2020 Fixed rate credit 20,000 7/3/2019 2.22 % 1/3/2020 Fixed rate hybrid 10,000 8/7/2019 1.79 % 8/7/2020 Convertible 5,000 8/27/2019 0.54 % 8/27/2029 Fixed rate credit 23,000 9/4/2019 2.19 % 10/4/2019 Total FHLB borrowings $ 68,000 2.39 % 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 “2025 Notes”) to the accredited investors. The 2025 Notes have a maturity date of May 28, 2025 and bear interest, payable on the first of March and September of each year, at a fixed interest rate of 6.50% per year. The 2025 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 2025 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 2025 Note may declare the principal amount of the 2025 Notes to be due and immediately payable. The 2025 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 2025 Notes qualify as Tier 2 capital at the consolidated company level for regulatory reporting. The aggregate carrying value of the 2025 Notes, including capitalized debt issuance costs, was $6.9 million as of September 30, 2019 and December 31, 2018. For the three and nine months ended September 30, 2019 and 2018, the effective interest rate on the notes was 6.83% and 6.85%, respectively. ESOP Debt The aggregate carrying value of debt secured by shares of Company stock, issued and outstanding, in the Company’s ESOP was $1.6 million and $1.7 million as of September 30, 2019 and December 31, 2018, respectively, and is included in other liabilities on the consolidated balance sheets. The debt is comprised of four fixed rate amortizing notes, three of which carry an interest rate of 3.25% and one that carries an interest rate of 4.50% with maturity dates ranging from March 1, 2025 to December 31, 2027, and one variable rate amortizing note with a maturity date of June 14, 2024. Shares that collateralize these loans are not allocated to ESOP participants’ accounts.

Fair Value Measurements

Fair Value Measurements	9 Months Ended
	Sep. 30, 2019
Fair Value Disclosures [Abstract]
Fair Value Measurements	Note 10: Fair Value Measurements The Company uses fair value to record certain assets and liabilities and to determine fair value disclosures. Authoritative accounting guidance (ASC 820, Fair Value Measurements ASC 820 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 securities: Rabbi trust assets: Mortgage servicing rights (“MSRs”) The Company engages a third-party to determine the fair value of MSRs. The third-party employs a model 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 12 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 September 30, 2019 and as of December 31, 2018. 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 188% and 133% as of September 30, 2019 and December 31, 2018, respectively. A discount rate of 12.5% was then applied to each pool as of September 30, 2019 and as of December 31, 2018. The discount rate is intended to represent the estimated market yield for the highest quality grade of comparable servicing. MSRs are classified as Level 3. The following tables present the balances of financial assets and liabilities measured at fair value on a recurring basis as of Fair Value Measurements as of September 30, 2019 Using Balance as of September 30, 2019 Level 1 Level 2 Level 3 Available-for-sale securities: U.S. Government agencies and mortgage backed securities $ 50,418 $ — $ 50,418 $ — State and municipal obligations 17,096 — 17,096 — Corporate bonds 13,234 1,000 7,544 4,690 Total available-for-sale securities $ 80,748 $ 1,000 $ 75,058 $ 4,690 Mortgage servicing rights $ 910 $ — $ — $ 910 Rabbi trust assets $ 1,059 $ 1,059 $ — $ — Fair Value Measurements as of December 31, 2018 Using Balance as of December 31, 2018 Level 1 Level 2 Level 3 Available-for-sale securities: U.S. Government agencies and mortgage backed securities $ 49,882 $ — $ 49,882 $ — State and municipal obligations 20,217 — 20,217 — Corporate bonds 12,133 — 8,462 3,671 Total available-for-sale securities $ 82,232 $ — $ 78,561 $ 3,671 Mortgage servicing rights $ 977 $ — $ — $ 977 Rabbi trust assets $ 972 $ 972 $ — $ — The following table presents the change in financial assets valued using Level 3 inputs for the periods stated. MSRs Corporate Bonds Balance as of January 1, 2019 $ 977 $ 3,671 Purchases — — Transfer from level 2 to level 3 — 1,035 Fair value adjustments (67 ) (16 ) Sales — — Balance as of September 30, 2019 $ 910 $ 4,690 The $1.0 million transfer from level 2 to level 3 fair value for corporate bonds was attributable to a lack of observable market transactions as of September 30, 2019. Certain assets are measured at fair value on a nonrecurring basis in accordance with GAAP. Adjustments to the fair value of these assets usually result from the application of lower-of-cost-or-market accounting or write-downs of individual assets. The following describes the valuation techniques used by the Company to measure certain assets recorded at fair value on a nonrecurring basis in the financial statements: Impaired Loans: Other Real Estate Owned, net: The following tables present the Company’s assets that were measured at fair value on a nonrecurring basis as of the dates stated. Fair Value Measurements as of September 30, 2019 Using Balance as of September 30, 2019 Level 1 Level 2 Level 3 Impaired loans, net $ 6,324 $ — $ — $ 6,324 Other real estate owned, net 2,178 — — 2,178 Fair Value Measurements as of December 31, 2018 Using Balance as of December 31, 2018 Level 1 Level 2 Level 3 Impaired loans, net $ 4,700 $ — $ — $ 4,700 Other real estate owned, net 3,597 — — 3,597 The following tables present quantitative information about Level 3 fair value measurements as of the dates stated. Balance as of September 30, 2019 Valuation Technique Unobservable Input Range (Weighted Average) Impaired loans, net $ 6,324 Discounted appraised value Selling cost Lack of marketability 7% 13%-100% (31%) Discounted cash flows Discount rate 5%-7% (6%) Other real estate owned, net 2,178 Discounted appraised value Selling cost Lack of marketability 2%-11% (8%) 12%-100% (36%) Balance as of December 31, 2018 Valuation Technique Unobservable Input Range (Weighted Average) Impaired loans, net $ 4,700 Discounted appraised value Selling cost Lack of marketability 15%-20% (16%) 100% (100%) Discounted cash flows Discount rate 5%-7% (6%) Other real estate owned, net 3,597 Discounted appraised value Selling cost Lack of marketability 5%-19% (8%) 9%-100% (28%) The carrying values of cash and due from banks, interest-earning deposits, federal funds sold or purchased, noninterest-bearing deposits, savings and interest-bearing deposits, and securities sold under repurchase agreements are payable on demand or are of such short duration that carrying value approximates market value (Level 1). The carrying values of certificates of deposit, loans held for sale, and accrued interest receivable are payable on demand or are of such short duration that carrying value approximates market value (Level 2). The carrying value of restricted securities approximates fair value based on the redemption provisions of the issuer (Level 3). 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 (Level 3). 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 (Level 3). The fair value of the Company’s subordinated notes is estimated by utilizing recent issuance rates for subordinated debt offerings of similar issuer size (Level 3). The fair value of FHLB advances is estimated by discounting the future cash flows using current interest rates offered for similar advances (Level 2). Commitments to extend and standby letters of credit are generally not sold or traded. The estimated fair values of off-balance sheet credit commitments, including standby letters of credit and guarantees written, are not readily available due to the lack of cost-effective and reliable measurement methods for these instruments. 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. The following tables summarize the Company’s financial assets and liabilities at carrying values and estimated fair values on a nonrecurring basis as of the dates stated. Carrying Value as of Fair Value as of Fair Value Measurements as of September 30, 2019 Using September 30, 2019 September 30, 2019 Level 1 Level 2 Level 3 Financial Assets: Cash and due from banks $ 7,419 $ 7,419 $ 7,419 $ — $ — Interest-earning deposits 23,894 23,894 23,894 — — Federal funds sold 92 92 92 — — Certificates of deposit 3,498 3,498 — 3,498 — Restricted securities 6,684 6,684 — — 6,684 Loans receivable, net 924,268 911,497 — — 911,497 Loans held for sale 268 268 — 268 — Accrued interest receivable 3,104 3,104 — 3,104 — Financial Liabilities: Noninterest-bearing demand deposits 124,670 124,670 124,670 — — Savings and interest-bearing demand deposits 372,404 372,404 372,404 — — Time deposits 396,614 398,254 — — 398,254 Securities sold under repurchase agreements 6,323 6,323 6,323 — — FHLB advances 68,000 67,886 — 67,886 — Subordinated notes, net 6,906 7,032 — — 7,032 Carrying Value as of Fair Value as of Fair Value Measurements as of December 31, 2018 Using December 31, 2018 December 31, 2018 Level 1 Level 2 Level 3 Financial Assets: Cash and due from banks $ 7,685 $ 7,685 $ 7,685 $ — $ — Interest-earning deposits 18,981 18,981 18,981 — — Federal funds sold 625 625 — 625 — Certificates of deposit 3,746 3,746 3,746 — — Restricted securities 7,600 7,600 — — 7,600 Loans receivable, net 894,191 877,114 — — 877,114 Loans held for sale 368 368 — 368 — Accrued interest receivable 3,172 3,172 — 3,172 — Financial Liabilities: Noninterest-bearing demand deposits 114,122 114,122 114,122 — — Savings and interest-bearing demand deposits 359,400 359,400 359,400 — — Time deposits 368,670 369,347 — — 369,347 Securities sold under repurchase agreements 6,089 6,089 6,089 — — FHLB advances 100,000 99,727 — 99,727 — Subordinated notes, net 6,893 7,046 — — 7,046

Changes in Accumulated Other Co

Changes in Accumulated Other Comprehensive Income (Loss), net	9 Months Ended
	Sep. 30, 2019
Equity [Abstract]
Changes in Accumulated Other Comprehensive Income (Loss), net	Note 11: Changes in Accumulated Other Comprehensive Income (Loss), net The components of accumulated other comprehensive income (loss), net of deferred income taxes, are presented in the following tables for the periods presented. For the Nine Months Ended September 30, 2019 Net Unrealized Gains (Losses) on Securities Pension and Post-retirement Benefit Plans Accumulated Other Comprehensive Income (Loss), net Balance as of January 1, 2019 $ (1,252 ) $ (75 ) $ (1,327 ) Change in net unrealized holding gain on available-for-sale securities, net of deferred income tax expense of $443 1,667 — 1,667 Balance as of September 30, 2019 $ 415 $ (75 ) $ 340 Nine Months Ended September 30, 2018 Net Unrealized Gains (Losses) on Securities Pension and Post-retirement Benefit Plans Accumulated Other Comprehensive Income (Loss), net Balance as of January 1, 2018 $ (489 ) $ (667 ) $ (1,156 ) Change in net unrealized holding loss on available-for-sale securities, net of deferred income tax benefit of $408 (1,536 ) — (1,536 ) Balance as of September 30, 2018 $ (2,025 ) $ (667 ) $ (2,692 ) For the Three Months Ended September 30, 2019 Net Unrealized Gains (Losses) on Securities Pension and Post-retirement Benefit Plans Accumulated Other Comprehensive Income (Loss), net Balance as of July 1, 2019 $ 182 $ (75 ) $ 107 Change in net unrealized holding gain on available-for-sale securities, net of deferred income tax expense of $62 233 — 233 Balance as of September 30, 2019 $ 415 $ (75 ) $ 340 For the Three Months Ended September 30, 2018 Net Unrealized Gains (Losses) on Securities Pension and Post-retirement Benefit Plans Accumulated Other Comprehensive Income (Loss), net Balance as of July 1, 2018 $ (1,648 ) $ (667 ) $ (2,315 ) Change in net unrealized holding loss on available-for-sale securities, net of deferred income tax benefit of $100 (377 ) — (377 ) Balance as of September 30, 2018 $ (2,025 ) $ (667 ) $ (2,692 )

Subsequent Events

Subsequent Events	9 Months Ended
	Sep. 30, 2019
Subsequent Events [Abstract]
Subsequent Events	Note 12: Subsequent Events On October 7, 2019, the Company announced that it had completed a private placement of $25.0 million in fixed-to-floating rate subordinated notes due 2029 (the “2029 Notes”). The 2029 Notes have been structured to qualify as Tier 2 capital under bank regulatory guidelines, and the proceeds from the sale of the 2029 Notes will be utilized for general corporate purposes, including the potential repayment of the 2025 Notes (which become callable in May 2020) and supporting capital levels at the Bank. The 2029 Notes will initially bear interest at 5.625% per annum, beginning October 7, 2019 through October 14, 2024, payable semi-annually in arrears. From October 15, 2024 through October 14, 2029, or up to an early redemption date, the interest rate shall reset quarterly to an interest rate per annum equal to the then current three-month SOFR (as defined in the 2029 Notes) plus 433.5 basis points, payable quarterly in arrears. Beginning on October 15, 2024 through maturity, the 2029 Notes may be redeemed, at the Company's option, on any scheduled interest payment date. The 2029 Notes will mature on October 15, 2029. On October 18, 2019, the Company announced that its Board of Directors had authorized the repurchase of up to 400,000 shares or approximately 3% of the Company’s currently outstanding common stock through December 31, 2020 (the “Repurchase Program”). The actual timing, quantities, prices, and manner of any share repurchases will be determined by the Company in its discretion and will depend on a number of factors, including the market price of the Company’s common stock, share repurchases required under the Company’s employee benefit plans, general market and economic conditions, and applicable legal and regulatory requirements. The Repurchase Program may be modified, amended, or terminated by the Company’s Board of Directors at any time. There is no guarantee as to the number of shares that the Company will repurchase under the Repurchase Program.

Significant Accounting Policies

Significant Accounting Policies (Policies)	9 Months Ended
	Sep. 30, 2019
Accounting Policies [Abstract]
Basis of Presentation	The accounting and reporting policies of the Company conform to accounting principles generally accepted in the United States of America (“GAAP”) and to the general practices within the banking industry. In management’s opinion, all adjustments, consisting only of normal recurring adjustments necessary for a fair presentation of the consolidated financial statements, have been included. The results of operations for the interim periods are not necessarily indicative of the results to be expected for the full year or for any other interim periods. These consolidated financial statements should be read in conjunction with the consolidated financial statements and notes to the consolidated financial statements included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2018. 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.
Loans	Loans are reported at their recorded investment, which is the outstanding principal balance net of any unearned income and costs, such as deferred fees and costs, charge-offs, and discounts or premiums on acquired or purchased loans. Interest on loans is recognized in earnings over the contractual term of the loan and is calculated using the effective interest method on principal amounts outstanding. Loan 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 or principal curtailments, as applicable. All interest accrued but not collected for loans that are placed on nonaccrual or charged-off are reversed against interest income at the time the loans are placed on nonaccrual or charged-off. Any subsequent interest received on these loans is recognized as interest income under the cash basis method of accounting or applied as a reduction of the principal balance of the loan until the loan qualifies for return to accrual status. Generally, a loan is returned to accrual status when all principal and interest amounts contractually due are brought current and future payments are reasonably assured, or the loan becomes well-secured and in the process of collection.
Internal Risk Ratings	Internal Risk Ratings Loans in the Company’s loan portfolio are risk rated on a periodic basis by experienced credit personnel. Risk rating categories are as follows: Pass Special Mention Substandard Doubtful Loss
Allowance for Loan Losses	The allowance for loan losses (“ALL”) reflects management’s estimate of probable loan losses inherent in the loan portfolio as of the balance sheet date. Management uses a disciplined process and methodology to establish the ALL each quarter-end. To determine the total ALL, the Company estimates the reserves needed for each homogenous type of the loan portfolio, in addition to loans analyzed individually for impairment. Depending on the nature of each loan type, 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 individually to calculate the amount of impairment. Impaired loans measured individually for impairment generally include (1) any loan risk rated Special Mention or worse where the borrower has filed for bankruptcy; (2) all loans risk rated Substandard or worse with balances of $400 thousand or more; and (3) all loans classified as a troubled debt restructuring (“TDR”). For the general component of the ALL, the Company collectively evaluates any loans not evaluated individually for a specific reserve, including impaired loans risk rated Substandard or worse with balances less than $400 thousand. All loans evaluated collectively are grouped into types, and historical loss experience is calculated and applied to each loan type and the resultant reserve is 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 loan types. An unallocated component is maintained, if needed, to cover uncertainties that could affect management’s estimate of probable losses.
Troubled Debt Restructuring	Troubled Debt Restructurings 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 experiencing financial difficulties and 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 may work with them to modify their loan(s) 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 to the Company and are classified as TDRs.
Leases	On January 1, 2019, the Company adopted the requirements of ASU 2016-02. As part of the adoption of this accounting standard, the Company evaluated its population of existing real estate and equipment leases as of January 1, 2019. The purpose was to determine whether the Company’s existing contractual arrangements constitute a lease, or contains an embedded lease, which would be in scope under ASU 2016-02, and whether such leases would meet the requirements of an operating or financing lease under the new standard. Based on this evaluation, the Company identified 16 operating leases for land, buildings, and equipment with remaining lease terms ranging from one to ten years. Most of the Company’s leases include renewal options, with renewal terms extending the lease obligation up to as much as five years. Lease terms may include renewal or extension options to the extent they are reasonably certain to be exercised as assessed at lease commencement. As of and for the nine months ended September 30, 2019, the Company did not have any leases that met the standard definition of a finance lease nor did it engage in any sale-leaseback transactions, have any short-term leases, or have any sublease income. For operating leases, ROU assets and lease liabilities are recognized at the commencement date of the respective lease. ROU assets represent the Company’s right to use leased assets over the term of the lease. Lease liabilities represent the Company’s contractual obligation to make lease payments over the lease term and are measured as the present value of the lease payments over the lease term. ROU assets are measured as the amount of the lease liability adjusted for certain items such as prepaid lease payments, unamortized lease incentives, and unamortized direct costs. ROU assets are amortized on a straight-line basis less the periodic interest expense adjustment of the lease liability and the amortization is included in occupancy expense in the Company’s consolidated statements of operations. For the three and nine months ended September 30, 2019, operating lease expense totaled $225 thousand and $685 thousand, respectively. The discount rate used for the present value calculations for lease liabilities was the rate implicit in the lease if determinable, and when the rate was not determinable, the Company used its incremental, collateralized borrowing rate with the FHLB for the period that most closely coincided with the respective lease term as of the commencement date of the lease. As part of the implementation of ASU 2016-02, the Company elected various practical expedients. The Company elected to retain the operating lease classification for all of its existing leases as of January 1, 2019 under the former lease accounting standard. The Company elected not to reassess whether existing leases contained embedded lease arrangements or whether there were initial directs costs that should have been considered as part of the transition to ASU 2016-02. The Company also elected not to recognize an ROU asset and lease obligation for contracts with an initial term of twelve months or less. The expense associated with these short-term leases is included in noninterest expense in the consolidated statements of operations. To the extent that a lease arrangement includes both lease and non-lease components, the Company has elected not to account for these separately. Lastly, the Company has elected in its accounting policies to utilize a fair value threshold, such that a contract with an ROU asset or lease obligation below a minimum threshold of $7.5 thousand is excluded from the provisions of ASU 2016-02.

Securities (Tables)

Securities (Tables)	9 Months Ended
	Sep. 30, 2019
Investments Debt And Equity Securities [Abstract]
Aggregate Amortized Costs and Fair Values of Available-for-Sale Securities	The aggregate amortized costs and fair values of available-for-sale securities as of the dates stated were as follows. Gross Gross Amortized Unrealized Unrealized Fair September 30, 2019 Cost Gains (Losses) Value U.S. Government agencies and mortgage backed securities $ 50,324 $ 286 $ (192 ) $ 50,418 State and municipal obligations 16,717 382 (3 ) 17,096 Corporate bonds 13,173 65 (4 ) 13,234 Total available-for-sale securities $ 80,214 $ 733 $ (199 ) $ 80,748 Gross Gross Amortized Unrealized Unrealized Fair December 31, 2018 Cost Gains (Losses) Value U.S. Government agencies and mortgage backed securities $ 51,126 $ 35 $ (1,279 ) $ 49,882 State and municipal obligations 20,484 60 (327 ) 20,217 Corporate bonds 12,194 23 (84 ) 12,133 Total available-for-sale securities $ 83,804 $ 118 $ (1,690 ) $ 82,232
Unrealized Loss Positions	The following tables present securities in an unrealized loss position as of September 30, 2019 and December 31, 2018, by period of the unrealized loss and number of securities. The unrealized loss positions were primarily related to interest rate movements and not the credit quality of the issuers. All agency securities and state 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. Less than 12 months 12 months or more Total September 30, 2019 Number of Securities Fair Value Unrealized Loss Fair Value Unrealized Loss Fair Value Unrealized Loss U.S. Government agencies and mortgage backed securities 38 $ 4,763 $ (27 ) $ 19,845 $ (165 ) $ 24,608 $ (192 ) State and municipal obligations 2 916 (3 ) — — 916 (3 ) Corporate bonds 1 1,009 (4 ) — — 1,009 (4 ) Total temporarily impaired securities 41 $ 6,688 $ (34 ) $ 19,845 $ (165 ) $ 26,533 $ (199 ) Less than 12 months 12 months or more Total December 31, 2018 Number of Securities Fair Value Unrealized Loss Fair Value Unrealized Loss Fair Value Unrealized Loss U.S. Government agencies and mortgage backed securities 54 $ 2,911 $ (22 ) $ 43,843 $ (1,257 ) $ 46,754 $ (1,279 ) State and municipal obligations 39 2,723 (27 ) 9,119 (300 ) 11,842 (327 ) Corporate bonds 5 5,742 (84 ) — — 5,742 (84 ) Total temporarily impaired securities 98 $ 11,376 $ (133 ) $ 52,962 $ (1,557 ) $ 64,338 $ (1,690 )
Summary of Amortized Cost and Fair Value by Contractual Maturity of Securities Available for Sale Securities	The following table presents the amortized cost and fair value by contractual maturity of available-for-sale securities as of the dates stated. Expected maturities may differ from contractual maturities, as issuers may have the right to call or prepay obligations with or without call or prepayment penalties. September 30, 2019 December 31, 2018 Amortized Cost Fair Value Amortized Cost Fair Value Due in one year or less $ 7,024 $ 7,015 $ 1,080 $ 1,079 Due after one year but less than five years 45,512 45,714 47,065 46,358 Due after five years but less than ten years 23,101 23,465 26,615 26,149 Due after ten years 4,577 4,554 9,044 8,646 Total available-for-sale securities $ 80,214 $ 80,748 $ 83,804 $ 82,232

Loans (Tables)

Loans (Tables)	9 Months Ended
	Sep. 30, 2019
Summary of Loans	The following table presents a summary of loans as of the dates stated. September 30, 2019 December 31, 2018 Mortgage loans on real estate: Construction, land and land development $ 119,278 $ 109,475 Commercial mortgages (non-owner occupied) 193,480 180,074 Commercial mortgages (owner occupied) 83,643 87,241 Residential first mortgages 301,185 298,894 Residential revolving and junior mortgages 33,694 38,313 Commercial and industrial 186,281 164,608 Consumer 14,471 23,740 Total loans 932,032 902,345 Net unamortized deferred loan fees (269 ) (252 ) Allowance for loan losses (7,495 ) (7,902 ) Loans receivable, net $ 924,268 $ 894,191
Recorded Investment for Past Due and Non-accruing Loans	The following tables present the recorded investment for past due, based upon contractual terms, and nonaccrual loans as of the dates stated. A loan past due 90 days or more is generally placed on nonaccrual unless it is both well-secured and in the process of collection. Loans presented below as 90 days or more past due and still accruing include purchased credit-impaired (“PCI”) loans. September 30, 2019 30-89 Days Past Due 90 Days or More Past Due and Still Accruing Nonaccrual Total Past Due and Nonaccrual Current Total Loans Mortgage loans on real estate: Construction, land and land development $ 30 $ — $ 692 $ 722 $ 118,556 $ 119,278 Commercial mortgages (non-owner occupied) 74 — 433 507 192,973 193,480 Commercial mortgages (owner occupied) 232 — 380 612 83,031 83,643 Residential first mortgages 1,473 25 1,773 3,271 297,914 301,185 Residential revolving and junior mortgages — — 762 762 32,932 33,694 Commercial and industrial 76 — 2,874 2,950 183,331 186,281 Consumer 216 — 280 496 13,975 14,471 Total loans $ 2,101 $ 25 $ 7,194 $ 9,320 $ 922,712 $ 932,032 December 31, 2018 30-89 Days Past Due 90 Days or More Past Due and Still Accruing Nonaccrual Total Past Due and Nonaccrual Current Total Loans Mortgage loans on real estate: Construction, land and land development $ 552 $ — $ 740 $ 1,292 $ 108,183 $ 109,475 Commercial mortgages (non-owner occupied) 50 — 996 1,046 179,028 180,074 Commercial mortgages (owner occupied) — 56 1,064 1,120 86,121 87,241 Residential first mortgages 1,341 55 1,361 2,757 296,137 298,894 Residential revolving and junior mortgages 115 — 782 897 37,416 38,313 Commercial and industrial — — 48 48 164,560 164,608 Consumer 329 — 215 544 23,196 23,740 Total loans $ 2,387 $ 111 $ 5,206 $ 7,704 $ 894,641 $ 902,345
Schedule of Changes in Accretable Yield for PCI Loans	The following table presents the changes in accretable yield for PCI loans for the period stated. For the Nine Months Ended September 30, 2019 Balance as of December 31, 2018 $ 1,083 Accretion of acquisition accounting adjustment (305 ) Reclassifications from nonaccretable balance, net 62 Other changes, net 153 Balance as of September 30, 2019 $ 993
Internal Risk Ratings	The following tables present the Company’s risk rating of loans by loan type as of the dates stated. September 30, 2019 Construction, Land and Land Development Commercial Mortgages (Non-Owner Occupied) Commercial Mortgages (Owner Occupied) Residential First Mortgages Residential Revolving and Junior Mortgages Commercial and Industrial Consumer Total Loans Rating: Pass $ 117,219 $ 192,922 $ 82,738 $ 297,409 $ 32,878 $ 182,195 $ 14,177 $ 919,538 Special mention — — 150 922 87 17 — 1,176 Substandard 2,059 558 755 2,854 729 4,069 294 11,318 Doubtful — — — — — — — — Total loans $ 119,278 $ 193,480 $ 83,643 $ 301,185 $ 33,694 $ 186,281 $ 14,471 $ 932,032 December 31, 2018 Construction, Land and Land Development Commercial Mortgages (Non-Owner Occupied) Commercial Mortgages (Owner Occupied) Residential First Mortgages Residential Revolving and Junior Mortgages Commercial and Industrial Consumer Total Loans Rating: Pass $ 107,306 $ 178,936 $ 85,897 $ 295,372 $ 37,206 $ 162,392 $ 23,389 $ 890,498 Special mention 68 — 107 1,071 — 893 121 2,260 Substandard 2,101 1,138 1,237 2,451 1,107 1,323 230 9,587 Doubtful — — — — — — — — Total loans $ 109,475 $ 180,074 $ 87,241 $ 298,894 $ 38,313 $ 164,608 $ 23,740 $ 902,345
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 included in the tables above, as of the dates stated. September 30, 2019 30-89 Days Past Due 90 Days or More Past Due and Still Accruing Nonaccrual Total Past Due and Nonaccrual Current Total PCI Loans Mortgage loans on real estate: Construction, land and land development $ — $ — $ — $ — $ 1,368 $ 1,368 Commercial mortgages (non-owner occupied) — — — — 125 125 Commercial mortgages (owner occupied) — — — — 265 265 Residential first mortgages — 25 — 25 3,092 3,117 Residential revolving and junior mortgages — — — — — — Commercial and industrial — — — — — — Consumer — — — — 43 43 Total purchased credit-impaired loans $ — $ 25 $ — $ 25 $ 4,893 $ 4,918 December 31, 2018 30-89 Days Past Due 90 Days or More Past Due and Still Accruing Nonaccrual Total Past Due and Nonaccrual Current Total PCI Loans Mortgage loans on real estate: Construction, land and land development $ 23 $ — $ — $ 23 $ 1,355 $ 1,378 Commercial mortgages (non-owner occupied) — — — — 142 142 Commercial mortgages (owner occupied) — 56 — 56 237 293 Residential first mortgages 92 55 — 147 3,317 3,464 Residential revolving and junior mortgages — — — — — — Commercial and industrial — — — — — — Consumer — — — — 46 46 Total purchased credit-impaired loans $ 115 $ 111 $ — $ 226 $ 5,097 $ 5,323

Allowance for Loan Losses (Tabl

Allowance for Loan Losses (Tables)	9 Months Ended
	Sep. 30, 2019
Receivables [Abstract]
ALL by Loans Evaluated for Impairment Individually and Collectively by Type	The following table presents the ALL by loans evaluated for impairment individually and collectively by loan type as of the dates stated. September 30, 2019 Mortgage Loans on Real Estate Commercial and Industrial Consumer Total Allowance for loan losses applicable to: Loans individually evaluated for impairment $ 750 $ 141 $ 116 $ 1,007 Loans collectively evaluated for impairment 4,331 1,511 646 6,488 Purchased credit-impaired loans — — — — Total allowance for loan losses $ 5,081 $ 1,652 $ 762 $ 7,495 Loan balances applicable to: Loans individually evaluated for impairment $ 6,302 $ 2,689 $ 116 $ 9,107 Loans collectively evaluated for impairment 720,103 183,592 14,312 918,007 Purchased credit-impaired loans 4,875 — 43 4,918 Total loans $ 731,280 $ 186,281 $ 14,471 $ 932,032 December 31, 2018 Allowance for loan losses applicable to: Loans individually evaluated for impairment $ 1,036 $ — $ 121 $ 1,157 Loans collectively evaluated for impairment 3,931 1,374 1,440 6,745 Purchased credit-impaired loans — — — — Total allowance for loan losses $ 4,967 $ 1,374 $ 1,561 $ 7,902 Loan balances applicable to: Loans individually evaluated for impairment $ 7,485 $ — $ 121 $ 7,606 Loans collectively evaluated for impairment 701,235 164,608 23,573 889,416 Purchased credit-impaired loans 5,277 — 46 5,323 Total loans $ 713,997 $ 164,608 $ 23,740 $ 902,345
ALL by Loan Type	The following tables present an analysis of the change in the ALL by loan type for the periods presented. For the Three Months Ended September 30, 2019 Mortgage Loans on Real Estate Commercial and Industrial Consumer Total Beginning Balance $ 5,052 $ 1,537 $ 890 $ 7,479 Charge-offs (209 ) — (345 ) (554 ) Recoveries 24 1 50 75 Provision 214 114 167 495 Ending Balance $ 5,081 $ 1,652 $ 762 $ 7,495 For the Three Months Ended September 30, 2018 Mortgage Loans on Real Estate Commercial and Industrial Consumer Total Beginning Balance $ 4,244 $ 944 $ 1,925 $ 7,113 Charge-offs (54 ) — (418 ) (472 ) Recoveries 60 — 77 137 Provision 157 186 166 509 Ending Balance $ 4,407 $ 1,130 $ 1,750 $ 7,287 For the Nine Months Ended September 30, 2019 Mortgage Loans on Real Estate Commercial and Industrial Consumer Total Beginning Balance $ 4,967 $ 1,374 $ 1,561 $ 7,902 Charge-offs (368 ) — (1,163 ) (1,531 ) Recoveries 67 1 185 253 Provision 415 277 179 871 Ending Balance $ 5,081 $ 1,652 $ 762 $ 7,495 For the Nine Months Ended September 30, 2018 Mortgage Loans on Real Estate Commercial and Industrial Consumer Total Beginning Balance $ 3,864 $ 878 $ 3,028 $ 7,770 Charge-offs (168 ) (116 ) (1,095 ) (1,379 ) Recoveries 103 1 311 415 Provision (recovery of) 608 367 (494 ) 481 Ending Balance $ 4,407 $ 1,130 $ 1,750 $ 7,287
Company's Recorded Investment and Borrowers' Unpaid Principal Balances for Impaired Loans, Excluding PCI Loans, with Associated ALL Amount	The following table presents the Company’s recorded investment and the borrowers’ unpaid principal balances for impaired loans, excluding PCI loans, with the associated ALL amount, if applicable, by loan type as of the dates stated. As of September 30, 2019 As of December 31, 2018 Recorded Investment Borrowers’ Unpaid Principal Balance Related Allowance Recorded Investment Borrowers’ Unpaid Principal Balance Related Allowance With no related allowance: Construction, land and land development $ 324 $ 395 $ — $ 335 $ 406 $ — Commercial mortgages (non-owner occupied) — — — 386 386 — Commercial mortgages (owner occupied) 425 425 — — — — Residential first mortgages 1,027 1,027 — — — — Residential revolving and junior mortgages — — — 1,028 1,028 — Commercial and industrial — — — — — — Consumer — — — — — — Total impaired loans with no related allowance 1,776 1,847 — 1,749 1,820 — With an allowance recorded: Construction, land and land development 173 173 38 275 275 132 Commercial mortgages (non-owner occupied) 433 433 33 443 443 18 Commercial mortgages (owner occupied) 1,052 1,052 53 1,069 1,069 57 Residential first mortgages 2,785 2,785 543 3,447 3,447 565 Residential revolving and junior mortgages 83 83 83 502 502 264 Commercial and industrial 2,689 2,689 141 — — — Consumer 116 116 116 121 121 121 Total impaired loans with allowance recorded 7,331 7,331 1,007 5,857 5,857 1,157 Total impaired loans: Construction, land and land development 497 568 38 610 681 132 Commercial mortgages (non-owner occupied) 433 433 33 829 829 18 Commercial mortgages (owner occupied) 1,477 1,477 53 1,069 1,069 57 Residential first mortgages 3,812 3,812 543 3,447 3,447 565 Residential revolving and junior mortgages 83 83 83 1,530 1,530 264 Commercial and industrial 2,689 2,689 141 — — — Consumer 116 116 116 121 121 121 Total impaired loans $ 9,107 $ 9,178 $ 1,007 $ 7,606 $ 7,677 $ 1,157 The following table presents the average recorded investment and interest income recognized for impaired loans, excluding PCI loans, by loan type for the periods presented. For the Three Months Ended For the Nine Months Ended September 30, 2019 September 30, 2018 September 30, 2019 September 30, 2018 Average Recorded Investment Interest Income Recognized Average Recorded Investment Interest Income Recognized Average Recorded Investment Interest Income Recognized Average Recorded Investment Interest Income Recognized With no related allowance: Construction, land and land development $ 326 $ 1 $ 93 $ — $ 330 $ 4 $ 147 $ 1 Commercial mortgages (non-owner occupied) — — — — — — — — Commercial mortgages (owner occupied) 427 6 1,013 8 405 20 985 29 Residential first mortgages 1,039 14 1,472 21 1,113 43 1,282 62 Residential revolving and junior mortgages — — 416 1 — — 415 4 Commercial and industrial — — — — — — — — Consumer — — — 3 — — — — Total impaired loans with no allowance 1,792 21 2,994 33 1,848 67 2,829 96 With an allowance recorded: Construction, land and land development 175 3 524 8 224 18 512 24 Commercial mortgages (non-owner occupied) 434 3 445 11 436 30 223 11 Commercial mortgages (owner occupied) 1,055 14 935 13 1,061 42 945 39 Residential first mortgages 3,039 34 2,394 32 3,181 93 2,277 94 Residential revolving and junior mortgages 128 2 130 2 397 7 125 7 Commercial and industrial 1,344 30 — — 672 30 — — Consumer 118 2 — — 119 6 — 8 Total impaired loans with allowance recorded 6,293 88 4,428 66 6,090 226 4,082 183 Total impaired loans: Construction, land and land development 501 4 617 8 554 22 659 25 Commercial mortgages (non-owner occupied) 434 3 445 11 436 30 223 11 Commercial mortgages (owner occupied) 1,482 20 1,948 21 1,466 62 1,930 68 Residential first mortgages 4,078 48 3,866 53 4,294 136 3,559 156 Residential revolving and junior mortgages 128 2 546 3 397 7 540 11 Commercial and industrial 1,344 30 — — 672 30 — — Consumer 118 2 — 3 119 6 — 8 Total impaired loans $ 8,085 $ 109 $ 7,422 $ 99 $ 7,938 $ 293 $ 6,911 $ 279
Reconciliation of Nonaccrual Loans to Impaired Loans	The following table presents a reconciliation of nonaccrual loans to impaired loans as of the dates stated. September 30, 2019 December 31, 2018 Nonaccrual loans $ 7,194 $ 5,206 Nonaccrual loans collectively evaluated for impairment (1,601 ) (2,040 ) Nonaccrual impaired loans 5,593 3,166 TDRs on accrual 3,514 4,115 Other impaired loans on accrual — 325 Total impaired loans $ 9,107 $ 7,606
Summary of Troubled Debt Restructurings	TDRs are considered impaired loans and are individually evaluated for impairment for the ALL. The following tables present by loan type information related to loans modified as TDRs for the periods presented. For the Three Months Ended For the Three Months Ended September 30, 2019 September 30, 2018 Number of Loans Pre-Modification Outstanding Recorded Investment Post-Modification Outstanding Recorded Investment Number of Loans Pre-Modification Outstanding Recorded Investment Post-Modification Outstanding Recorded Investment Commercial Mortgages (Owner Occupied) (1) — $ — $ — 1 $ 644 $ 672 Residential first mortgages (2) — $ — $ — 3 $ 628 $ 631 (1) Modification in the 2018 period was interest capitalized to principal. (2) Modifications in the 2018 period consisted of one rate reduction and two extensions of loan terms. For the Nine Months Ended For the Nine Months Ended September 30, 2019 September 30, 2018 Number of Loans Pre-Modification Outstanding Recorded Investment Post-Modification Outstanding Recorded Investment Number of Loans Pre-Modification Outstanding Recorded Investment Post-Modification Outstanding Recorded Investment Commercial Mortgages (Owner Occupied) (1) 1 $ 48 $ 52 1 $ 644 $ 672 Residential first mortgages (2) — $ — $ — 7 $ 1,218 $ 1,222 (1) Modification in the 2019 period was an extension of the loan term and in the 2018 period was interest capitalized to principal. (2) Modifications in the 2018 period were five extensions of loan terms, a principal forbearance, and a rate reduction.
Summary of Roll Forward of Accruing and Nonaccrual TDRs	The following table presents a roll-forward of accruing and nonaccrual TDRs for the period presented. Accruing Nonaccrual Total Balance as of December 31, 2018 $ 4,115 $ 1,477 $ 5,592 Charge-offs — — — Payments and other adjustments (584 ) (122 ) (706 ) New TDR designation 52 — 52 Release TDR designation — — — Transfer (69 ) 69 — Balance as of September 30, 2019 $ 3,514 $ 1,424 $ 4,938

Other Real Estate Owned, Net (T

Other Real Estate Owned, Net (Tables)	9 Months Ended
	Sep. 30, 2019
Banking And Thrift [Abstract]
Carrying Values of Properties Included in Other Real Estate Owned (OREO)	The following table presents the number and carrying values of properties included in other real estate owned (“OREO”) as of the dates stated. September 30, 2019 December 31, 2018 Number of Carrying Number of Carrying Properties Value Properties Value Residential 4 $ 388 6 $ 1,339 Land 16 1,530 17 1,741 Commercial properties 1 260 3 517 Total other real estate owned, net 21 2,178 26 3,597

Leases (Tables)

Leases (Tables)	9 Months Ended
	Sep. 30, 2019
Leases [Abstract]
Schedule of ROU Asset and Lease Liabilities	The following table presents the ROU assets and lease liabilities as of the date stated. ROU assets and lease liabilities are included in other assets and other liabilities, respectively, in the Company’s consolidated balance sheets. September 30, 2019 Operating lease right-of-use assets $ 4,222 Operating lease liabilities $ 4,521
Schedule Weighted Average Remaining Lease Term and Discount Rate Associated with Operating Leases	The following table presents the weighted average remaining lease term and discount rate associated with the Company’s operating leases as of the date stated. September 30, 2019 Weighted average remaining lease term 8 years Weighted average discount rate 3.12 %
Maturity Analysis of Operating Lease Liabilities	The following table presents a maturity analysis of the Company’s operating lease liabilities for the five years ending subsequent to September 30, 2019 and in total thereafter. 2019 $ 207 2020 944 2021 977 2022 601 2023 351 Thereafter 2,057 Total 5,137 Less interest (616 ) Lease liability $ 4,521
Supplemental Cash Flow Information Related to Leases	The following table presents supplemental cash flow information related to the Company’s operating leases for the period stated. For the Nine Months Ended September 30, 2019 Cash paid for amount included in the measurement of lease liabilities: Operating cash outflows from operating leases $ 744 Right-of-use assets obtained in exchange for new operating lease liabilities $ 1,304

Earnings per Share (Tables)

Earnings per Share (Tables)	9 Months Ended
	Sep. 30, 2019
Earnings Per Share [Abstract]
Weighted Average Number of Shares Used in Computing Earnings per Share	The following table shows the weighted average number of shares used in computing earnings per share and the effect on the weighted average number of shares of dilutive potential common stock. For the Three Months Ended September 30, For the Nine Months Ended September 30, 2019 2018 2019 2018 Net income $ 1,841 $ 1,026 $ 5,056 $ 3,096 Weighted average shares outstanding, basic 13,077,600 13,080,372 13,046,694 13,059,845 Dilutive shares: Stock options 32,756 56,060 33,034 60,334 Restricted stock 22,103 6,117 12,639 8,536 Weighted average shares outstanding, dilutive 13,132,459 13,142,549 13,092,367 13,128,715 Basic and diluted earnings per share $ 0.14 $ 0.08 $ 0.39 $ 0.24

Borrowings (Tables)

Borrowings (Tables)	9 Months Ended
	Sep. 30, 2019
Debt Disclosure [Abstract]
Advances of Borrowings	The following table presents information regarding the five advances outstanding as of September 30, 2019. Originated Stated Maturity Balance Date Interest Rate Date Adjustable rate hybrid $ 10,000 4/12/2013 4.68 % 4/13/2020 Fixed rate credit 20,000 7/3/2019 2.22 % 1/3/2020 Fixed rate hybrid 10,000 8/7/2019 1.79 % 8/7/2020 Convertible 5,000 8/27/2019 0.54 % 8/27/2029 Fixed rate credit 23,000 9/4/2019 2.19 % 10/4/2019 Total FHLB borrowings $ 68,000 2.39 %

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	9 Months Ended
	Sep. 30, 2019
Fair Value Disclosures [Abstract]
Schedule of Balances of Financial Assets and Liabilities Measured at Fair Value on Recurring Basis	The following tables present the balances of financial assets and liabilities measured at fair value on a recurring basis as of Fair Value Measurements as of September 30, 2019 Using Balance as of September 30, 2019 Level 1 Level 2 Level 3 Available-for-sale securities: U.S. Government agencies and mortgage backed securities $ 50,418 $ — $ 50,418 $ — State and municipal obligations 17,096 — 17,096 — Corporate bonds 13,234 1,000 7,544 4,690 Total available-for-sale securities $ 80,748 $ 1,000 $ 75,058 $ 4,690 Mortgage servicing rights $ 910 $ — $ — $ 910 Rabbi trust assets $ 1,059 $ 1,059 $ — $ — Fair Value Measurements as of December 31, 2018 Using Balance as of December 31, 2018 Level 1 Level 2 Level 3 Available-for-sale securities: U.S. Government agencies and mortgage backed securities $ 49,882 $ — $ 49,882 $ — State and municipal obligations 20,217 — 20,217 — Corporate bonds 12,133 — 8,462 3,671 Total available-for-sale securities $ 82,232 $ — $ 78,561 $ 3,671 Mortgage servicing rights $ 977 $ — $ — $ 977 Rabbi trust assets $ 972 $ 972 $ — $ —
Reconciliation of Items Using Level Three Inputs	The following table presents the change in financial assets valued using Level 3 inputs for the periods stated. MSRs Corporate Bonds Balance as of January 1, 2019 $ 977 $ 3,671 Purchases — — Transfer from level 2 to level 3 — 1,035 Fair value adjustments (67 ) (16 ) Sales — — Balance as of September 30, 2019 $ 910 $ 4,690
Summary of Assets Measured at Fair Value on Nonrecurring Basis	The following tables present the Company’s assets that were measured at fair value on a nonrecurring basis as of the dates stated. Fair Value Measurements as of September 30, 2019 Using Balance as of September 30, 2019 Level 1 Level 2 Level 3 Impaired loans, net $ 6,324 $ — $ — $ 6,324 Other real estate owned, net 2,178 — — 2,178 Fair Value Measurements as of December 31, 2018 Using Balance as of December 31, 2018 Level 1 Level 2 Level 3 Impaired loans, net $ 4,700 $ — $ — $ 4,700 Other real estate owned, net 3,597 — — 3,597
Summary of Quantitative Fair Value Measurements for Level 3	The following tables present quantitative information about Level 3 fair value measurements as of the dates stated. Balance as of September 30, 2019 Valuation Technique Unobservable Input Range (Weighted Average) Impaired loans, net $ 6,324 Discounted appraised value Selling cost Lack of marketability 7% 13%-100% (31%) Discounted cash flows Discount rate 5%-7% (6%) Other real estate owned, net 2,178 Discounted appraised value Selling cost Lack of marketability 2%-11% (8%) 12%-100% (36%) Balance as of December 31, 2018 Valuation Technique Unobservable Input Range (Weighted Average) Impaired loans, net $ 4,700 Discounted appraised value Selling cost Lack of marketability 15%-20% (16%) 100% (100%) Discounted cash flows Discount rate 5%-7% (6%) Other real estate owned, net 3,597 Discounted appraised value Selling cost Lack of marketability 5%-19% (8%) 9%-100% (28%)
Summary of Assets and Liabilities at Carrying Value and Estimated Fair Value on a Nonrecurring Basis	The following tables summarize the Company’s financial assets and liabilities at carrying values and estimated fair values on a nonrecurring basis as of the dates stated. Carrying Value as of Fair Value as of Fair Value Measurements as of September 30, 2019 Using September 30, 2019 September 30, 2019 Level 1 Level 2 Level 3 Financial Assets: Cash and due from banks $ 7,419 $ 7,419 $ 7,419 $ — $ — Interest-earning deposits 23,894 23,894 23,894 — — Federal funds sold 92 92 92 — — Certificates of deposit 3,498 3,498 — 3,498 — Restricted securities 6,684 6,684 — — 6,684 Loans receivable, net 924,268 911,497 — — 911,497 Loans held for sale 268 268 — 268 — Accrued interest receivable 3,104 3,104 — 3,104 — Financial Liabilities: Noninterest-bearing demand deposits 124,670 124,670 124,670 — — Savings and interest-bearing demand deposits 372,404 372,404 372,404 — — Time deposits 396,614 398,254 — — 398,254 Securities sold under repurchase agreements 6,323 6,323 6,323 — — FHLB advances 68,000 67,886 — 67,886 — Subordinated notes, net 6,906 7,032 — — 7,032 Carrying Value as of Fair Value as of Fair Value Measurements as of December 31, 2018 Using December 31, 2018 December 31, 2018 Level 1 Level 2 Level 3 Financial Assets: Cash and due from banks $ 7,685 $ 7,685 $ 7,685 $ — $ — Interest-earning deposits 18,981 18,981 18,981 — — Federal funds sold 625 625 — 625 — Certificates of deposit 3,746 3,746 3,746 — — Restricted securities 7,600 7,600 — — 7,600 Loans receivable, net 894,191 877,114 — — 877,114 Loans held for sale 368 368 — 368 — Accrued interest receivable 3,172 3,172 — 3,172 — Financial Liabilities: Noninterest-bearing demand deposits 114,122 114,122 114,122 — — Savings and interest-bearing demand deposits 359,400 359,400 359,400 — — Time deposits 368,670 369,347 — — 369,347 Securities sold under repurchase agreements 6,089 6,089 6,089 — — FHLB advances 100,000 99,727 — 99,727 — Subordinated notes, net 6,893 7,046 — — 7,046

Changes in Accumulated Other _2

Changes in Accumulated Other Comprehensive Income (Loss), net (Tables)	9 Months Ended
	Sep. 30, 2019
Equity [Abstract]
Components of Accumulated Other Comprehensive Income (Loss) Net of Deferred Income Taxes	The components of accumulated other comprehensive income (loss), net of deferred income taxes, are presented in the following tables for the periods presented. For the Nine Months Ended September 30, 2019 Net Unrealized Gains (Losses) on Securities Pension and Post-retirement Benefit Plans Accumulated Other Comprehensive Income (Loss), net Balance as of January 1, 2019 $ (1,252 ) $ (75 ) $ (1,327 ) Change in net unrealized holding gain on available-for-sale securities, net of deferred income tax expense of $443 1,667 — 1,667 Balance as of September 30, 2019 $ 415 $ (75 ) $ 340 Nine Months Ended September 30, 2018 Net Unrealized Gains (Losses) on Securities Pension and Post-retirement Benefit Plans Accumulated Other Comprehensive Income (Loss), net Balance as of January 1, 2018 $ (489 ) $ (667 ) $ (1,156 ) Change in net unrealized holding loss on available-for-sale securities, net of deferred income tax benefit of $408 (1,536 ) — (1,536 ) Balance as of September 30, 2018 $ (2,025 ) $ (667 ) $ (2,692 ) For the Three Months Ended September 30, 2019 Net Unrealized Gains (Losses) on Securities Pension and Post-retirement Benefit Plans Accumulated Other Comprehensive Income (Loss), net Balance as of July 1, 2019 $ 182 $ (75 ) $ 107 Change in net unrealized holding gain on available-for-sale securities, net of deferred income tax expense of $62 233 — 233 Balance as of September 30, 2019 $ 415 $ (75 ) $ 340 For the Three Months Ended September 30, 2018 Net Unrealized Gains (Losses) on Securities Pension and Post-retirement Benefit Plans Accumulated Other Comprehensive Income (Loss), net Balance as of July 1, 2018 $ (1,648 ) $ (667 ) $ (2,315 ) Change in net unrealized holding loss on available-for-sale securities, net of deferred income tax benefit of $100 (377 ) — (377 ) Balance as of September 30, 2018 $ (2,025 ) $ (667 ) $ (2,692 )

Amendments to the Accounting _2

Amendments to the Accounting Standards Codification - Additional Information (Detail) - USD ($) $ in Thousands	Jan. 01, 2019	Sep. 30, 2019
New Accounting Pronouncements Or Change In Accounting Principle [Line Items]
Operating lease right of use asset		$ 4,222
Operating lease liability		$ 4,521
ASU 2016-02
New Accounting Pronouncements Or Change In Accounting Principle [Line Items]
Operating lease right of use asset	$ 3,500
Operating lease liability	3,800
Cumulative effect adjustment	$ 45

Securities - Aggregate Amortize

Securities - Aggregate Amortized Costs and Fair Values of Available-for-Sale Securities (Detail) - USD ($) $ in Thousands	Sep. 30, 2019	Dec. 31, 2018
Schedule of Available-for-sale Securities [Line Items]
Amortized Cost	$ 80,214	$ 83,804
Gross Unrealized Gains	733	118
Gross Unrealized (Losses)	(199)	(1,690)
Fair Value	80,748	82,232	[1]
US Government Agencies and Mortgage Backed Securities
Schedule of Available-for-sale Securities [Line Items]
Amortized Cost	50,324	51,126
Gross Unrealized Gains	286	35
Gross Unrealized (Losses)	(192)	(1,279)
Fair Value	50,418	49,882
State and Municipal Obligations
Schedule of Available-for-sale Securities [Line Items]
Amortized Cost	16,717	20,484
Gross Unrealized Gains	382	60
Gross Unrealized (Losses)	(3)	(327)
Fair Value	17,096	20,217
Corporate Bonds
Schedule of Available-for-sale Securities [Line Items]
Amortized Cost	13,173	12,194
Gross Unrealized Gains	65	23
Gross Unrealized (Losses)	(4)	(84)
Fair Value	$ 13,234	$ 12,133
[1]	Derived from audited December 31, 2018 Consolidated Financial Statements.

Securities - Additional Informa

Securities - Additional Information (Detail) - USD ($) $ in Thousands	Sep. 30, 2019	Dec. 31, 2018
Investments Debt And Equity Securities [Abstract]
Fair value of securities	$ 11,100	$ 17,500
Debt Securities, Available-for-sale, Restriction Type [Extensible List]	us-gaap:CollateralPledgedMember	us-gaap:CollateralPledgedMember
Securities sold under repurchase agreements	$ 6,323	$ 6,089	[1]
Company's investment in Federal Home Loan Bank stock	3,900	5,100
Company's investment in Federal Reserve Bank stock	2,600	2,300
Investment in primary correspondent bank stock	$ 220	$ 220
[1]	Derived from audited December 31, 2018 Consolidated Financial Statements.

Securities - Unrealized Loss Po

Securities - Unrealized Loss Positions (Detail) $ in Thousands	Sep. 30, 2019USD ($)Security	Dec. 31, 2018USD ($)Security
Schedule of Available-for-sale Securities [Line Items]
Number of Securities | Security	41	98
Less than 12 months, Fair Value	$ 6,688	$ 11,376
Less than 12 months, Unrealized Loss	(34)	(133)
12 months or more, Fair Value	19,845	52,962
12 months or more, Unrealized Loss	(165)	(1,557)
Fair Value, Total	26,533	64,338
Total Unrealized Loss	$ (199)	$ (1,690)
US Government Agencies and Mortgage Backed Securities
Schedule of Available-for-sale Securities [Line Items]
Number of Securities | Security	38	54
Less than 12 months, Fair Value	$ 4,763	$ 2,911
Less than 12 months, Unrealized Loss	(27)	(22)
12 months or more, Fair Value	19,845	43,843
12 months or more, Unrealized Loss	(165)	(1,257)
Fair Value, Total	24,608	46,754
Total Unrealized Loss	$ (192)	$ (1,279)
State and Municipal Obligations
Schedule of Available-for-sale Securities [Line Items]
Number of Securities | Security	2	39
Less than 12 months, Fair Value	$ 916	$ 2,723
Less than 12 months, Unrealized Loss	(3)	(27)
12 months or more, Fair Value		9,119
12 months or more, Unrealized Loss		(300)
Fair Value, Total	916	11,842
Total Unrealized Loss	$ (3)	$ (327)
Corporate Bonds
Schedule of Available-for-sale Securities [Line Items]
Number of Securities | Security	1	5
Less than 12 months, Fair Value	$ 1,009	$ 5,742
Less than 12 months, Unrealized Loss	(4)	(84)
Fair Value, Total	1,009	5,742
Total Unrealized Loss	$ (4)	$ (84)

Securities - Summary of Amortiz

Securities - Summary of Amortized Cost and Fair Value by Contractual Maturity of Securities Available for Sale Securities (Detail) - USD ($) $ in Thousands	Sep. 30, 2019	Dec. 31, 2018
Investments Debt And Equity Securities [Abstract]
Due in one year or less, Amortized Cost	$ 7,024	$ 1,080
Due after one year but less than five years, Amortized Cost	45,512	47,065
Due after five years but less than ten years, Amortized Cost	23,101	26,615
Due after ten years, Amortized Cost	4,577	9,044
Amortized Cost	80,214	83,804
Due in one year or less, Fair Value	7,015	1,079
Due after one year but less than five years, Fair Value	45,714	46,358
Due after five years but less than ten years, Fair Value	23,465	26,149
Due after ten years, Fair Value	4,554	8,646
Total available-for-sale securities, Fair Value	$ 80,748	$ 82,232	[1]
[1]	Derived from audited December 31, 2018 Consolidated Financial Statements.

Loans - Summary of Loans (Detai

Loans - Summary of Loans (Detail) - USD ($) $ in Thousands	Sep. 30, 2019	Dec. 31, 2018
Summary of balances of loans
Total loans	$ 932,032	$ 902,345
Net unamortized deferred loan fees	(269)	(252)
Allowance for loan losses	(7,495)	(7,902)	[1]
Loans receivable, net	924,268	894,191	[1]
Construction, land and land development
Summary of balances of loans
Total loans	119,278	109,475
Commercial mortgages (non-owner occupied)
Summary of balances of loans
Total loans	193,480	180,074
Commercial mortgages (owner occupied)
Summary of balances of loans
Total loans	83,643	87,241
Residential first mortgages
Summary of balances of loans
Total loans	301,185	298,894
Residential revolving and junior mortgages
Summary of balances of loans
Total loans	33,694	38,313
Commercial and industrial
Summary of balances of loans
Total loans	186,281	164,608
Consumer
Summary of balances of loans
Total loans	$ 14,471	$ 23,740
[1]	Derived from audited December 31, 2018 Consolidated Financial Statements.

Loans - Additional Information

Loans - Additional Information (Detail) - USD ($) $ in Millions	9 Months Ended
	Sep. 30, 2019	Dec. 31, 2018
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans pledged as collateral	$ 351.2	$ 294.6
Lendable collateral amount	$ 277.2	$ 229.1
Minimum
Accounts, Notes, Loans and Financing Receivable [Line Items]
Number of days past due for a loan to remain on accrual status	90 days
Number of days loans past due still accruing include purchased credit-impaired loans	90 days

Loans - Recorded Investment for

Loans - Recorded Investment for Past Due and Non-accruing Loans (Detail) - USD ($) $ in Thousands	Sep. 30, 2019	Dec. 31, 2018
Accounts, Notes, Loans and Financing Receivable [Line Items]
30-89 Days Past Due	$ 2,101	$ 2,387
90 Days or More Past Due and Still Accruing	25	111
Nonaccrual	7,194	5,206
Total Past Due and Nonaccrual	9,320	7,704
Current	922,712	894,641
Total Loans	932,032	902,345
Construction, land and land development
Accounts, Notes, Loans and Financing Receivable [Line Items]
30-89 Days Past Due	30	552
Nonaccrual	692	740
Total Past Due and Nonaccrual	722	1,292
Current	118,556	108,183
Total Loans	119,278	109,475
Commercial mortgages (non-owner occupied)
Accounts, Notes, Loans and Financing Receivable [Line Items]
30-89 Days Past Due	74	50
Nonaccrual	433	996
Total Past Due and Nonaccrual	507	1,046
Current	192,973	179,028
Total Loans	193,480	180,074
Commercial mortgages (owner occupied)
Accounts, Notes, Loans and Financing Receivable [Line Items]
30-89 Days Past Due	232
90 Days or More Past Due and Still Accruing		56
Nonaccrual	380	1,064
Total Past Due and Nonaccrual	612	1,120
Current	83,031	86,121
Total Loans	83,643	87,241
Residential first mortgages
Accounts, Notes, Loans and Financing Receivable [Line Items]
30-89 Days Past Due	1,473	1,341
90 Days or More Past Due and Still Accruing	25	55
Nonaccrual	1,773	1,361
Total Past Due and Nonaccrual	3,271	2,757
Current	297,914	296,137
Total Loans	301,185	298,894
Residential revolving and junior mortgages
Accounts, Notes, Loans and Financing Receivable [Line Items]
30-89 Days Past Due		115
Nonaccrual	762	782
Total Past Due and Nonaccrual	762	897
Current	32,932	37,416
Total Loans	33,694	38,313
Commercial and industrial
Accounts, Notes, Loans and Financing Receivable [Line Items]
30-89 Days Past Due	76
Nonaccrual	2,874	48
Total Past Due and Nonaccrual	2,950	48
Current	183,331	164,560
Total Loans	186,281	164,608
Consumer
Accounts, Notes, Loans and Financing Receivable [Line Items]
30-89 Days Past Due	216	329
Nonaccrual	280	215
Total Past Due and Nonaccrual	496	544
Current	13,975	23,196
Total Loans	$ 14,471	$ 23,740

Loans - Summary of Recorded Inv

Loans - Summary of Recorded Investment of Purchased Impaired Loans (Detail) - PCI Loans - USD ($) $ in Thousands	Sep. 30, 2019	Dec. 31, 2018
Financing Receivable, Impaired [Line Items]
30-89 Days Past Due		$ 115
90 Days or More Past Due and Still Accruing	$ 25	111
Nonaccrual	0	0
Total Past Due and Nonaccrual	25	226
Current	4,893	5,097
Total PCI Loans	4,918	5,323
Construction, land and land development
Financing Receivable, Impaired [Line Items]
30-89 Days Past Due		23
Nonaccrual	0	0
Total Past Due and Nonaccrual		23
Current	1,368	1,355
Total PCI Loans	1,368	1,378
Commercial mortgages (non-owner occupied)
Financing Receivable, Impaired [Line Items]
Nonaccrual	0	0
Current	125	142
Total PCI Loans	125	142
Commercial mortgages (owner occupied)
Financing Receivable, Impaired [Line Items]
90 Days or More Past Due and Still Accruing		56
Nonaccrual	0	0
Total Past Due and Nonaccrual		56
Current	265	237
Total PCI Loans	265	293
Residential first mortgages
Financing Receivable, Impaired [Line Items]
30-89 Days Past Due		92
90 Days or More Past Due and Still Accruing	25	55
Nonaccrual	0	0
Total Past Due and Nonaccrual	25	147
Current	3,092	3,317
Total PCI Loans	3,117	3,464
Residential revolving and junior mortgages
Financing Receivable, Impaired [Line Items]
Nonaccrual	0	0
Commercial and industrial
Financing Receivable, Impaired [Line Items]
30-89 Days Past Due	0	0
90 Days or More Past Due and Still Accruing	0	0
Nonaccrual	0	0
Total Past Due and Nonaccrual	0	0
Current	0	0
Total PCI Loans	0	0
Consumer
Financing Receivable, Impaired [Line Items]
Nonaccrual	0	0
Current	43	46
Total PCI Loans	$ 43	$ 46

Loans - Summary of Changes in A

Loans - Summary of Changes in Accretable Yield for PCI Loans (Detail) - PCI Loans $ in Thousands	9 Months Ended
	Sep. 30, 2019USD ($)
Accounts, Notes, Loans and Financing Receivable [Line Items]
Balance Beginning	$ 1,083
Accretion of acquisition accounting adjustment	(305)
Reclassifications from nonaccretable balance, net	62
Other changes, net	153
Balance Ending	$ 993

Loans - Internal Risk Ratings (

Loans - Internal Risk Ratings (Detail) - USD ($) $ in Thousands	Sep. 30, 2019	Dec. 31, 2018
INTERNAL RISK RATING
Loan Receivables	$ 932,032	$ 902,345
Pass
INTERNAL RISK RATING
Loan Receivables	919,538	890,498
Special Mention
INTERNAL RISK RATING
Loan Receivables	1,176	2,260
Substandard
INTERNAL RISK RATING
Loan Receivables	11,318	9,587
Construction, Land and Land Development
INTERNAL RISK RATING
Loan Receivables	119,278	109,475
Construction, Land and Land Development | Pass
INTERNAL RISK RATING
Loan Receivables	117,219	107,306
Construction, Land and Land Development | Special Mention
INTERNAL RISK RATING
Loan Receivables		68
Construction, Land and Land Development | Substandard
INTERNAL RISK RATING
Loan Receivables	2,059	2,101
Commercial Mortgages (Non-Owner Occupied)
INTERNAL RISK RATING
Loan Receivables	193,480	180,074
Commercial Mortgages (Non-Owner Occupied) | Pass
INTERNAL RISK RATING
Loan Receivables	192,922	178,936
Commercial Mortgages (Non-Owner Occupied) | Substandard
INTERNAL RISK RATING
Loan Receivables	558	1,138
Commercial Mortgages (Owner Occupied)
INTERNAL RISK RATING
Loan Receivables	83,643	87,241
Commercial Mortgages (Owner Occupied) | Pass
INTERNAL RISK RATING
Loan Receivables	82,738	85,897
Commercial Mortgages (Owner Occupied) | Special Mention
INTERNAL RISK RATING
Loan Receivables	150	107
Commercial Mortgages (Owner Occupied) | Substandard
INTERNAL RISK RATING
Loan Receivables	755	1,237
Residential First Mortgages
INTERNAL RISK RATING
Loan Receivables	301,185	298,894
Residential First Mortgages | Pass
INTERNAL RISK RATING
Loan Receivables	297,409	295,372
Residential First Mortgages | Special Mention
INTERNAL RISK RATING
Loan Receivables	922	1,071
Residential First Mortgages | Substandard
INTERNAL RISK RATING
Loan Receivables	2,854	2,451
Residential Revolving and Junior Mortgages
INTERNAL RISK RATING
Loan Receivables	33,694	38,313
Residential Revolving and Junior Mortgages | Pass
INTERNAL RISK RATING
Loan Receivables	32,878	37,206
Residential Revolving and Junior Mortgages | Special Mention
INTERNAL RISK RATING
Loan Receivables	87
Residential Revolving and Junior Mortgages | Substandard
INTERNAL RISK RATING
Loan Receivables	729	1,107
Commercial and Industrial
INTERNAL RISK RATING
Loan Receivables	186,281	164,608
Commercial and Industrial | Pass
INTERNAL RISK RATING
Loan Receivables	182,195	162,392
Commercial and Industrial | Special Mention
INTERNAL RISK RATING
Loan Receivables	17	893
Commercial and Industrial | Substandard
INTERNAL RISK RATING
Loan Receivables	4,069	1,323
Consumer
INTERNAL RISK RATING
Loan Receivables	14,471	23,740
Consumer | Pass
INTERNAL RISK RATING
Loan Receivables	14,177	23,389
Consumer | Special Mention
INTERNAL RISK RATING
Loan Receivables		121
Consumer | Substandard
INTERNAL RISK RATING
Loan Receivables	$ 294	$ 230

Allowance for Loan Losses - Add

Allowance for Loan Losses - Additional Information (Detail) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018	Dec. 31, 2018
Accounts, Notes, Loans and Financing Receivable [Line Items]
Impaired loans measurement			Impaired loans measured individually for impairment generally include (1) any loan risk rated Special Mention or worse where the borrower has filed for bankruptcy; (2) all loans risk rated Substandard or worse with balances of $400 thousand or more; and (3) all loans classified as a troubled debt restructuring (“TDR”).
Loan Receivables	$ 932,032,000		$ 932,032,000		$ 902,345,000
Loans modified as TDRs	0	$ 0	0	$ 0
Substandard
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loan Receivables	11,318,000		11,318,000		$ 9,587,000
Minimum | Substandard
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loan Receivables	400,000		400,000
Maximum | Substandard
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loan Receivables	$ 400,000		$ 400,000

Allowance for Loan Losses - Loa

Allowance for Loan Losses - Loans Evaluated for Impairment Individually and Collectively by Type (Detail) - USD ($) $ in Thousands	Sep. 30, 2019	Jun. 30, 2019	Dec. 31, 2018	Sep. 30, 2018	Jun. 30, 2018	Dec. 31, 2017
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans individually evaluated for impairment	$ 1,007		$ 1,157
Loans collectively evaluated for impairment	6,488		6,745
Purchased credit-impaired loans	0		0
Total allowance for loan losses	7,495	$ 7,479	7,902	$ 7,287	$ 7,113	$ 7,770
Loans individually evaluated for impairment	9,107		7,606
Loans collectively evaluated for impairment	918,007		889,416
Purchased credit-impaired loans	4,918		5,323
Total Loans	932,032		902,345
Mortgage Loans on Real Estate
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans individually evaluated for impairment	750		1,036
Loans collectively evaluated for impairment	4,331		3,931
Purchased credit-impaired loans	0		0
Total allowance for loan losses	5,081	5,052	4,967	4,407	4,244	3,864
Loans individually evaluated for impairment	6,302		7,485
Loans collectively evaluated for impairment	720,103		701,235
Purchased credit-impaired loans	4,875		5,277
Total Loans	731,280		713,997
Commercial and Industrial
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans individually evaluated for impairment	141
Loans collectively evaluated for impairment	1,511		1,374
Purchased credit-impaired loans	0		0
Total allowance for loan losses	1,652	1,537	1,374	1,130	944	878
Loans individually evaluated for impairment	2,689
Loans collectively evaluated for impairment	183,592		164,608
Total Loans	186,281		164,608
Consumer
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans individually evaluated for impairment	116		121
Loans collectively evaluated for impairment	646		1,440
Purchased credit-impaired loans	0		0
Total allowance for loan losses	762	$ 890	1,561	$ 1,750	$ 1,925	$ 3,028
Loans individually evaluated for impairment	116		121
Loans collectively evaluated for impairment	14,312		23,573
Purchased credit-impaired loans	43		46
Total Loans	$ 14,471		$ 23,740

Allowance for Loan Losses - ALL

Allowance for Loan Losses - ALL by Loan Type (Detail) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Accounts, Notes, Loans and Financing Receivable [Line Items]
Beginning Balance	$ 7,479	$ 7,113	$ 7,902	$ 7,770
Charge-offs	(554)	(472)	(1,531)	(1,379)
Recoveries	75	137	253	415
Provision (recovery of)	495	509	871	481
Ending Balance	7,495	7,287	7,495	7,287
Mortgage Loans on Real Estate
Accounts, Notes, Loans and Financing Receivable [Line Items]
Beginning Balance	5,052	4,244	4,967	3,864
Charge-offs	(209)	(54)	(368)	(168)
Recoveries	24	60	67	103
Provision (recovery of)	214	157	415	608
Ending Balance	5,081	4,407	5,081	4,407
Commercial and Industrial
Accounts, Notes, Loans and Financing Receivable [Line Items]
Beginning Balance	1,537	944	1,374	878
Charge-offs				(116)
Recoveries	1		1	1
Provision (recovery of)	114	186	277	367
Ending Balance	1,652	1,130	1,652	1,130
Consumer
Accounts, Notes, Loans and Financing Receivable [Line Items]
Beginning Balance	890	1,925	1,561	3,028
Charge-offs	(345)	(418)	(1,163)	(1,095)
Recoveries	50	77	185	311
Provision (recovery of)	167	166	179	(494)
Ending Balance	$ 762	$ 1,750	$ 762	$ 1,750

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		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018	Dec. 31, 2018
Accounts, Notes, Loans and Financing Receivable [Line Items]
With no related allowance, Recorded Investment	$ 1,776		$ 1,776		$ 1,749
With no related allowance, Borrowers' Unpaid Principal Balance	1,847		1,847		1,820
With no related allowance, Related Allowance	0		0		0
With an allowance recorded, Recorded Investment	7,331		7,331		5,857
With an allowance recorded, Borrowers' Unpaid Principal Balance	7,331		7,331		5,857
With an allowance recorded, Related Allowance	1,007		1,007		1,157
Total Impaired Loans, Recorded Investment	9,107		9,107		7,606
Total Impaired Loans, Borrowers' Unpaid Principal Balance	9,178		9,178		7,677
With no related allowance, Average Recorded Investment	1,792	$ 2,994	1,848	$ 2,829
With no related allowance, Interest Income Recognized	21	33	67	96
With an allowance recorded, Average Recorded Investment	6,293	4,428	6,090	4,082
With an allowance recorded, Interest Income Recognized	88	66	226	183
Total, Average Recorded Investment	8,085	7,422	7,938	6,911
Total, Interest Income Recognized	109	99	293	279
Construction, land and land development
Accounts, Notes, Loans and Financing Receivable [Line Items]
With no related allowance, Recorded Investment	324		324		335
With no related allowance, Borrowers' Unpaid Principal Balance	395		395		406
With no related allowance, Related Allowance	0		0		0
With an allowance recorded, Recorded Investment	173		173		275
With an allowance recorded, Borrowers' Unpaid Principal Balance	173		173		275
With an allowance recorded, Related Allowance	38		38		132
Total Impaired Loans, Recorded Investment	497		497		610
Total Impaired Loans, Borrowers' Unpaid Principal Balance	568		568		681
With no related allowance, Average Recorded Investment	326	93	330	147
With no related allowance, Interest Income Recognized	1		4	1
With an allowance recorded, Average Recorded Investment	175	524	224	512
With an allowance recorded, Interest Income Recognized	3	8	18	24
Total, Average Recorded Investment	501	617	554	659
Total, Interest Income Recognized	4	8	22	25
Commercial Mortgages (Non-Owner Occupied)
Accounts, Notes, Loans and Financing Receivable [Line Items]
With no related allowance, Recorded Investment					386
With no related allowance, Borrowers' Unpaid Principal Balance					386
With no related allowance, Related Allowance	0		0		0
With an allowance recorded, Recorded Investment	433		433		443
With an allowance recorded, Borrowers' Unpaid Principal Balance	433		433		443
With an allowance recorded, Related Allowance	33		33		18
Total Impaired Loans, Recorded Investment	433		433		829
Total Impaired Loans, Borrowers' Unpaid Principal Balance	433		433		829
With an allowance recorded, Average Recorded Investment	434	445	436	223
With an allowance recorded, Interest Income Recognized	3	11	30	11
Total, Average Recorded Investment	434	445	436	223
Total, Interest Income Recognized	3	11	30	11
Commercial Mortgages (Owner Occupied)
Accounts, Notes, Loans and Financing Receivable [Line Items]
With no related allowance, Recorded Investment	425		425
With no related allowance, Borrowers' Unpaid Principal Balance	425		425
With no related allowance, Related Allowance	0		0		0
With an allowance recorded, Recorded Investment	1,052		1,052		1,069
With an allowance recorded, Borrowers' Unpaid Principal Balance	1,052		1,052		1,069
With an allowance recorded, Related Allowance	53		53		57
Total Impaired Loans, Recorded Investment	1,477		1,477		1,069
Total Impaired Loans, Borrowers' Unpaid Principal Balance	1,477		1,477		1,069
With no related allowance, Average Recorded Investment	427	1,013	405	985
With no related allowance, Interest Income Recognized	6	8	20	29
With an allowance recorded, Average Recorded Investment	1,055	935	1,061	945
With an allowance recorded, Interest Income Recognized	14	13	42	39
Total, Average Recorded Investment	1,482	1,948	1,466	1,930
Total, Interest Income Recognized	20	21	62	68
Residential first mortgages
Accounts, Notes, Loans and Financing Receivable [Line Items]
With no related allowance, Recorded Investment	1,027		1,027
With no related allowance, Borrowers' Unpaid Principal Balance	1,027		1,027
With no related allowance, Related Allowance	0		0		0
With an allowance recorded, Recorded Investment	2,785		2,785		3,447
With an allowance recorded, Borrowers' Unpaid Principal Balance	2,785		2,785		3,447
With an allowance recorded, Related Allowance	543		543		565
Total Impaired Loans, Recorded Investment	3,812		3,812		3,447
Total Impaired Loans, Borrowers' Unpaid Principal Balance	3,812		3,812		3,447
With no related allowance, Average Recorded Investment	1,039	1,472	1,113	1,282
With no related allowance, Interest Income Recognized	14	21	43	62
With an allowance recorded, Average Recorded Investment	3,039	2,394	3,181	2,277
With an allowance recorded, Interest Income Recognized	34	32	93	94
Total, Average Recorded Investment	4,078	3,866	4,294	3,559
Total, Interest Income Recognized	48	53	136	156
Residential revolving and junior mortgages
Accounts, Notes, Loans and Financing Receivable [Line Items]
With no related allowance, Recorded Investment					1,028
With no related allowance, Borrowers' Unpaid Principal Balance					1,028
With no related allowance, Related Allowance	0		0		0
With an allowance recorded, Recorded Investment	83		83		502
With an allowance recorded, Borrowers' Unpaid Principal Balance	83		83		502
With an allowance recorded, Related Allowance	83		83		264
Total Impaired Loans, Recorded Investment	83		83		1,530
Total Impaired Loans, Borrowers' Unpaid Principal Balance	83		83		1,530
With no related allowance, Average Recorded Investment		416		415
With no related allowance, Interest Income Recognized		1		4
With an allowance recorded, Average Recorded Investment	128	130	397	125
With an allowance recorded, Interest Income Recognized	2	2	7	7
Total, Average Recorded Investment	128	546	397	540
Total, Interest Income Recognized	2	3	7	11
Commercial and industrial
Accounts, Notes, Loans and Financing Receivable [Line Items]
With no related allowance, Related Allowance	0		0		0
With an allowance recorded, Recorded Investment	2,689		2,689
With an allowance recorded, Borrowers' Unpaid Principal Balance	2,689		2,689
With an allowance recorded, Related Allowance	141		141
Total Impaired Loans, Recorded Investment	2,689		2,689
Total Impaired Loans, Borrowers' Unpaid Principal Balance	2,689		2,689
With an allowance recorded, Average Recorded Investment	1,344		672
With an allowance recorded, Interest Income Recognized	30		30
Total, Average Recorded Investment	1,344		672
Total, Interest Income Recognized	30		30
Consumer
Accounts, Notes, Loans and Financing Receivable [Line Items]
With no related allowance, Related Allowance	0		0		0
With an allowance recorded, Recorded Investment	116		116		121
With an allowance recorded, Borrowers' Unpaid Principal Balance	116		116		121
With an allowance recorded, Related Allowance	116		116		121
Total Impaired Loans, Recorded Investment	116		116		121
Total Impaired Loans, Borrowers' Unpaid Principal Balance	116		116		$ 121
With no related allowance, Interest Income Recognized		3
With an allowance recorded, Average Recorded Investment	118		119
With an allowance recorded, Interest Income Recognized	2		6	8
Total, Average Recorded Investment	118		119
Total, Interest Income Recognized	$ 2	$ 3	$ 6	$ 8

Allowance for Loan Losses - Rec

Allowance for Loan Losses - Reconciliation of Nonaccrual Loans to Impaired Loans (Detail) - USD ($) $ in Thousands	Sep. 30, 2019	Dec. 31, 2018
Receivables [Abstract]
Nonaccrual loans	$ 7,194	$ 5,206
Nonaccrual loans collectively evaluated for impairment	(1,601)	(2,040)
Nonaccrual impaired loans	5,593	3,166
TDRs on accrual	3,514	4,115
Other impaired loans on accrual		325
Total impaired loans	$ 9,107	$ 7,606

Allowance for Loan Losses - Sum

Allowance for Loan Losses - Summary of Troubled Debt Restructurings (Detail) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2018USD ($)Loan		Sep. 30, 2019USD ($)Loan	[2]	Sep. 30, 2018USD ($)Loan
Commercial mortgages (owner occupied)
Accounts, Notes, Loans and Financing Receivable [Line Items]
Number of Loans | Loan	1	[1]	1		1	[2]
Pre-Modification Outstanding Recorded Investment	$ 644	[1]	$ 48		$ 644	[2]
Post-Modification Outstanding Recorded Investment	$ 672	[1]	$ 52		$ 672	[2]
Residential First Mortgages
Accounts, Notes, Loans and Financing Receivable [Line Items]
Number of Loans | Loan	3	[3]			7	[4]
Pre-Modification Outstanding Recorded Investment	$ 628	[3]			$ 1,218	[4]
Post-Modification Outstanding Recorded Investment	$ 631	[3]			$ 1,222	[4]
[1]	Modification in the 2018 period was interest capitalized to principal
[2]	Modification in the 2019 period was an extension of the loan term and in the 2018 period was interest capitalized to principal.
[3]	Modifications in the 2018 period consisted of one rate reduction and two extensions of loan terms.
[4]	Modifications in the 2018 period were five extensions of loan terms, a principal forbearance, and a rate reduction.

Allowance for Loan Losses - S_2

Allowance for Loan Losses - Summary of Troubled Debt Restructurings (Parenthetical) (Detail)	3 Months Ended	9 Months Ended
	Sep. 30, 2018RateReductionLoanExtension	Sep. 30, 2018LoanExtension
Receivables [Abstract]
Number of rate Reduction | RateReduction	1
Number of extensions of loan terms | LoanExtension	2	5

Allowance for Loan Losses - S_3

Allowance for Loan Losses - Summary of Roll Forward of Accruing and Nonaccrual TDRs (Detail) $ in Thousands	9 Months Ended
	Sep. 30, 2019USD ($)
Financing Receivable, Impaired [Line Items]
Beginning Balance	$ 7,902	[1]
Ending Balance	7,495
Accruing
Financing Receivable, Impaired [Line Items]
Beginning Balance	4,115
Charge-offs	0
Payments and other adjustments	(584)
New TDR designation	52
Release TDR designation	0
Transfer	(69)
Ending Balance	3,514
Nonaccrual
Financing Receivable, Impaired [Line Items]
Beginning Balance	1,477
Charge-offs	0
Payments and other adjustments	(122)
Release TDR designation	0
Transfer	69
Ending Balance	1,424
Troubled Debt Restructuring
Financing Receivable, Impaired [Line Items]
Beginning Balance	5,592
Charge-offs	0
Payments and other adjustments	(706)
New TDR designation	52
Release TDR designation	0
Transfer	0
Ending Balance	$ 4,938
[1]	Derived from audited December 31, 2018 Consolidated Financial Statements.

Other Real Estate Owned, Net -

Other Real Estate Owned, Net - Carrying Values of Properties Included in Other Real Estate Owned (OREO) (Detail) $ in Thousands	Sep. 30, 2019USD ($)Property	Dec. 31, 2018USD ($)Property
Real Estate Properties [Line Items]
No. of Properties | Property	21	26
Carrying Value | $	$ 2,178	$ 3,597	[1]
Residential
Real Estate Properties [Line Items]
No. of Properties | Property	4	6
Carrying Value | $	$ 388	$ 1,339
Land
Real Estate Properties [Line Items]
No. of Properties | Property	16	17
Carrying Value | $	$ 1,530	$ 1,741
Commercial properties
Real Estate Properties [Line Items]
No. of Properties | Property	1	3
Carrying Value | $	$ 260	$ 517
[1]	Derived from audited December 31, 2018 Consolidated Financial Statements.

Other Real Estate Owned, Net _2

Other Real Estate Owned, Net - Additional Information (Detail) - Residential $ in Thousands	9 Months Ended
	Sep. 30, 2019USD ($)Property
Other Real Estate [Line Items]
Residential properties collateralized with loan | Property	3
Mortgage loans in process of foreclosure | $	$ 255

Leases - Additional Information

Leases - Additional Information (Detail)	3 Months Ended	9 Months Ended
	Sep. 30, 2019USD ($)	Sep. 30, 2019USD ($)Lease	Jun. 30, 2019USD ($)	Mar. 31, 2019USD ($)	Jan. 01, 2019USD ($)
Lessee Lease Description [Line Items]
Operating lease expense	$ 225,000	$ 685,000
Operating lease, ROU asset	4,222,000	4,222,000
Operating lease liability	4,521,000	$ 4,521,000
Lessee operating lease not yet commenced, option to extend		true
ASU 2016-02
Lessee Lease Description [Line Items]
Number of operating leases identified | Lease		16
Operating lease, option to extend		true
Operating lease, ROU asset					$ 3,500,000
Operating lease liability					$ 3,800,000
Minimum fair value threshold for lease contract	$ 7,500	$ 7,500
ASU 2016-02 | Richmond, Virginia
Lessee Lease Description [Line Items]
Operating lease, ROU asset				$ 826,000
Operating lease liability				$ 826,000
ASU 2016-02 | Henrico County, Virginia
Lessee Lease Description [Line Items]
Operating lease, ROU asset			$ 478,000
Operating lease liability			$ 473,000
ASU 2016-02 | Minimum
Lessee Lease Description [Line Items]
Operating lease term		1 year
ASU 2016-02 | Maximum
Lessee Lease Description [Line Items]
Operating lease term		10 years
Operating lease, renewal term	5 years	5 years

Leases - Schedule of ROU Asset

Leases - Schedule of ROU Asset and Lease Liabilities (Detail) $ in Thousands	Sep. 30, 2019USD ($)
Leases [Abstract]
Operating lease right-of-use assets	$ 4,222
Operating lease liabilities	$ 4,521

Leases - Schedule Weighted Aver

Leases - Schedule Weighted Average Remaining Lease Term and Discount Rate Associated with Operating Leases (Detail)	Sep. 30, 2019
Leases [Abstract]
Weighted average remaining lease term	8 years
Weighted average discount rate	3.12%

Leases - Maturity Analysis of O

Leases - Maturity Analysis of Operating Lease Liabilities (Detail) $ in Thousands	Sep. 30, 2019USD ($)
Leases [Abstract]
2019	$ 207
2020	944
2021	977
2022	601
2023	351
Thereafter	2,057
Total	5,137
Less interest	(616)
Operating lease liability	$ 4,521

Leases - Supplemental Cash Flow

Leases - Supplemental Cash Flow Information Related to Operating Leases (Detail) $ in Thousands	9 Months Ended
	Sep. 30, 2019USD ($)
Cash paid for amount included in the measurement of lease liabilities:
Operating cash outflows from operating leases	$ 744
Right-of-use assets obtained in exchange for new operating lease liabilities	$ 1,304

Earnings Per Share - Additional

Earnings Per Share - Additional Information (Detail) - shares	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
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	197,804	147,383	203,904	154,376
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	119,047	88,784	119,047	88,784

Earnings Per Share - Weighted A

Earnings Per Share - Weighted Average Number of Shares Used in Computing Earnings Per Share (Detail) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Earnings Per Share, Diluted, by Common Class, Including Two Class Method [Line Items]
Net income	$ 1,841	$ 1,026	$ 5,056	$ 3,096
Weighted average shares outstanding, basic	13,077,600	13,080,372	13,046,694	13,059,845
Dilutive shares:
Weighted average shares outstanding, dilutive	13,132,459	13,142,549	13,092,367	13,128,715
Basic and diluted earnings per share	$ 0.14	$ 0.08	$ 0.39	$ 0.24
Stock Option
Dilutive shares:
Effect of dilutive securities	32,756	56,060	33,034	60,334
Restricted Stock
Dilutive shares:
Effect of dilutive securities	22,103	6,117	12,639	8,536

Borrowings - Additional Informa

Borrowings - Additional Information (Detail)	May 28, 2015USD ($)	Sep. 30, 2019USD ($)Loan	Sep. 30, 2018	Sep. 30, 2019USD ($)Loan	Sep. 30, 2018	Dec. 31, 2018USD ($)Loan
Debt Instrument [Line Items]
Federal Home Loan Bank advances		$ 68,000,000		$ 68,000,000		$ 100,000,000	[1]
Number of FHLB debt advances | Loan		5		5		4
Immediate available credit		$ 186,400,000		$ 186,400,000
Total line of credit		272,400,000		272,400,000
Letters of credit issued		18,000,000		18,000,000
Remaining available borrowings under FHLB credit line		$ 18,000,000		$ 18,000,000
Interest Rate		2.39%		2.39%
Virginia BanCorp
Debt Instrument [Line Items]
Debt instrument, maturity date				Jun. 14, 2024
Debt acquired in merger		$ 1,600,000		$ 1,600,000		$ 1,700,000
Debt instrument, maturity date range, start				Mar. 1, 2025
Debt instrument, maturity date range, end				Dec. 31, 2027
Virginia BanCorp | Three ESOP Notes
Debt Instrument [Line Items]
Interest Rate		3.25%		3.25%
Virginia BanCorp | One ESOP Notes
Debt Instrument [Line Items]
Interest Rate		4.50%		4.50%
Subordinated Debt Due May 2025
Debt Instrument [Line Items]
Debt instrument, face amount	$ 7,000,000
Interest Rate	6.50%
Debt instrument, maturity date	May 28, 2025
Debt instrument, frequency of payment				First of March and September of each year
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		$ 6,900,000
Effective interest rate		6.83%	6.83%	6.85%	6.85%
[1]	Derived from audited December 31, 2018 Consolidated Financial Statements.

Borrowings - Advances of Debt (

Borrowings - Advances of Debt (Detail) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2019	Dec. 31, 2018	[1]
Debt Instrument [Line Items]
Total FHLB borrowings	$ 68,000	$ 100,000
Stated Interest Rate	2.39%
Federal Home Loan Bank Advances One | Adjustable Rate Hybrid
Debt Instrument [Line Items]
Federal Home Loan Bank advances, Non current	$ 10,000
Originated Date	Apr. 12, 2013
Stated Interest Rate	4.68%
Maturity Date	Apr. 13, 2020
Federal Home Loan Bank Advances Two | Fixed Rate Credit
Debt Instrument [Line Items]
Federal Home Loan Bank advances, Non current	$ 20,000
Originated Date	Jul. 3, 2019
Stated Interest Rate	2.22%
Maturity Date	Jan. 3, 2020
Federal Home Loan Bank Advances Three | Fixed Rate Hybrid
Debt Instrument [Line Items]
Federal Home Loan Bank advances, Non current	$ 10,000
Originated Date	Aug. 7, 2019
Stated Interest Rate	1.79%
Maturity Date	Aug. 7, 2020
Federal Home Loan Bank Advances Four | Convertible
Debt Instrument [Line Items]
Federal Home Loan Bank advances, Non current	$ 5,000
Originated Date	Aug. 27, 2019
Stated Interest Rate	0.54%
Maturity Date	Aug. 27, 2029
Federal Home Loan Bank Advances Five | Fixed Rate Credit
Debt Instrument [Line Items]
Federal Home Loan Bank advances, Current	$ 23,000
Originated Date	Sep. 4, 2019
Stated Interest Rate	2.19%
Maturity Date	Oct. 4, 2019
[1]	Derived from audited December 31, 2018 Consolidated Financial Statements.

Fair Value Measurements - Addit

Fair Value Measurements - Additional Information (Detail) $ in Thousands	9 Months Ended	12 Months Ended
	Sep. 30, 2019USD ($)Loan$ / Loan	Dec. 31, 2018$ / Loan
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	12
Service costs assumed, per loan | $ / Loan	6.50	6.50
Average PSA assumed rate	188.00%	133.00%
Fair Value, Measurements, Recurring | 100% PSA | Fair Value, Inputs, Level 3 | 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 | Prepayment Rate | 100% PSA | Fair Value, Inputs, Level 3 | First Month
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Prepayment rate	0
Fair Value, Measurements, Recurring | Prepayment Rate | 100% PSA | Fair Value, Inputs, Level 3 | Month 30
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Prepayment rate	6
Fair Value, Measurements, Recurring | Prepayment Rate | 100% PSA | Fair Value, Inputs, Level 3 | Thereafter
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Prepayment rate	6
Fair Value, Measurements, Recurring | Discount Rate | Fair Value, Inputs, Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Discount rate	12.5	12.5
Mortgage Servicing Rights
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Number of residential loan portfolio	2
Corporate Bonds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Transfer from level 2 to level 3 | $	$ 1,035

Fair Value Measurements - Sched

Fair Value Measurements - Schedule of Balances of Financial Assets and Liabilities Measured at Fair Value on Recurring Basis (Detail) - USD ($) $ in Thousands	Sep. 30, 2019	Dec. 31, 2018
Available-for-sale securities:
Available-for-sale securities	$ 80,748	$ 82,232	[1]
Mortgage servicing rights	910	977	[1]
Fair Value, Measurements, Recurring
Available-for-sale securities:
Available-for-sale securities	80,748	82,232
Mortgage servicing rights	910	977
Rabbi trust assets	1,059	972
Fair Value, Measurements, Recurring | Fair Value, Inputs, Level 1
Available-for-sale securities:
Available-for-sale securities	1,000
Rabbi trust assets	1,059	972
Fair Value, Measurements, Recurring | Fair Value, Inputs, Level 2
Available-for-sale securities:
Available-for-sale securities	75,058	78,561
Fair Value, Measurements, Recurring | Fair Value, Inputs, Level 3
Available-for-sale securities:
Available-for-sale securities	4,690	3,671
Mortgage servicing rights	910	977
US Government Agencies and Mortgage Backed Securities
Available-for-sale securities:
Available-for-sale securities	50,418	49,882
US Government Agencies and Mortgage Backed Securities | Fair Value, Measurements, Recurring
Available-for-sale securities:
Available-for-sale securities	50,418	49,882
US Government Agencies and Mortgage Backed Securities | Fair Value, Measurements, Recurring | Fair Value, Inputs, Level 2
Available-for-sale securities:
Available-for-sale securities	50,418	49,882
State and Municipal Obligations
Available-for-sale securities:
Available-for-sale securities	17,096	20,217
State and Municipal Obligations | Fair Value, Measurements, Recurring
Available-for-sale securities:
Available-for-sale securities	17,096	20,217
State and Municipal Obligations | Fair Value, Measurements, Recurring | Fair Value, Inputs, Level 2
Available-for-sale securities:
Available-for-sale securities	17,096	20,217
Corporate Bonds
Available-for-sale securities:
Available-for-sale securities	13,234	12,133
Corporate Bonds | Fair Value, Measurements, Recurring
Available-for-sale securities:
Available-for-sale securities	13,234	12,133
Corporate Bonds | Fair Value, Measurements, Recurring | Fair Value, Inputs, Level 1
Available-for-sale securities:
Available-for-sale securities	1,000
Corporate Bonds | Fair Value, Measurements, Recurring | Fair Value, Inputs, Level 2
Available-for-sale securities:
Available-for-sale securities	7,544	8,462
Corporate Bonds | Fair Value, Measurements, Recurring | Fair Value, Inputs, Level 3
Available-for-sale securities:
Available-for-sale securities	$ 4,690	$ 3,671
[1]	Derived from audited December 31, 2018 Consolidated Financial Statements.

Fair Value Measurements - Recon

Fair Value Measurements - Reconciliation of Items Using Level Three Inputs (Detail) $ in Thousands	9 Months Ended
	Sep. 30, 2019USD ($)
Mortgage Servicing Rights
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Balance as of January 1, 2019	$ 977
Fair value adjustments	(67)
Balance as of September 30, 2019	910
Corporate Bonds
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Balance as of January 1, 2019	3,671
Transfer from level 2 to level 3	1,035
Fair value adjustments	(16)
Balance as of September 30, 2019	$ 4,690

Fair Value Measurements - Summa

Fair Value Measurements - Summary of Assets Measured at Fair Value on Nonrecurring Basis (Detail) - USD ($) $ in Thousands	Sep. 30, 2019	Dec. 31, 2018
Fair Value, Inputs, Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Impaired loans, net	$ 6,324	$ 4,700
Other real estate owned, net	2,178	3,597
Fair Value, Measurements, Nonrecurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Impaired loans, net	6,324	4,700
Other real estate owned, net	2,178	3,597
Fair Value, Measurements, Nonrecurring | Fair Value, Inputs, Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Impaired loans, net	6,324	4,700
Other real estate owned, net	$ 2,178	$ 3,597

Fair Value Measurements - Sum_2

Fair Value Measurements - Summary of Quantitative Fair Value Measurements for Level 3 (Detail) - Fair Value, Inputs, Level 3 $ in Thousands	Sep. 30, 2019USD ($)	Dec. 31, 2018USD ($)
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis Valuation Techniques [Line Items]
Impaired loans, net	$ 6,324	$ 4,700
Other real estate owned, net	$ 2,178	$ 3,597
Impaired Loans | Discounted Appraised Value | Lack of Marketability
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis Valuation Techniques [Line Items]
Unobservable Input, Impaired loans		100
Impaired Loans | Minimum | Discounted Appraised Value | Selling Cost
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis Valuation Techniques [Line Items]
Unobservable Input, Impaired loans		15
Impaired Loans | Minimum | Discounted Appraised Value | Lack of Marketability
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis Valuation Techniques [Line Items]
Unobservable Input, Impaired loans	13
Impaired Loans | Minimum | Discounted Cash Flows | Discount Rate
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis Valuation Techniques [Line Items]
Unobservable Input, Impaired loans	5	5
Impaired Loans | Maximum | Discounted Appraised Value | Selling Cost
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis Valuation Techniques [Line Items]
Unobservable Input, Impaired loans		20
Impaired Loans | Maximum | Discounted Appraised Value | Lack of Marketability
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis Valuation Techniques [Line Items]
Unobservable Input, Impaired loans	100
Impaired Loans | Maximum | Discounted Cash Flows | Discount Rate
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis Valuation Techniques [Line Items]
Unobservable Input, Impaired loans	7	7
Impaired Loans | Weighted Average | Discounted Appraised Value | Selling Cost
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis Valuation Techniques [Line Items]
Unobservable Input, Impaired loans	7	16
Impaired Loans | Weighted Average | Discounted Appraised Value | Lack of Marketability
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis Valuation Techniques [Line Items]
Unobservable Input, Impaired loans	31	100
Impaired Loans | Weighted Average | Discounted Cash Flows | Discount Rate
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis Valuation Techniques [Line Items]
Unobservable Input, Impaired loans	6	6
Other Real Estate Owned | Minimum | Discounted Appraised Value | Selling Cost
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis Valuation Techniques [Line Items]
Unobservable Input, Other real estate owned	2	5
Other Real Estate Owned | Minimum | Discounted Appraised Value | Lack of Marketability
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis Valuation Techniques [Line Items]
Unobservable Input, Other real estate owned	12	9
Other Real Estate Owned | Maximum | Discounted Appraised Value | Selling Cost
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis Valuation Techniques [Line Items]
Unobservable Input, Other real estate owned	11	19
Other Real Estate Owned | Maximum | Discounted Appraised Value | Lack of Marketability
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis Valuation Techniques [Line Items]
Unobservable Input, Other real estate owned	100	100
Other Real Estate Owned | Weighted Average | Discounted Appraised Value | Selling Cost
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis Valuation Techniques [Line Items]
Unobservable Input, Other real estate owned	8	8
Other Real Estate Owned | Weighted Average | Discounted Appraised Value | Lack of Marketability
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis Valuation Techniques [Line Items]
Unobservable Input, Other real estate owned	36	28

Fair Value Measurements - Sum_3

Fair Value Measurements - Summary of Assets and Liabilities at Carrying Value and Estimated Fair Value on a Nonrecurring Basis (Detail) - USD ($) $ in Thousands	Sep. 30, 2019	Dec. 31, 2018
Financial Assets:
Cash and due from banks	$ 7,419	$ 7,685	[1]
Federal funds sold	92	625	[1]
Certificates of deposit	3,498	3,746	[1]
Restricted securities	6,684	7,600	[1]
Loans receivable, net	924,268	894,191	[1]
Loans held for sale	268	368	[1]
Accrued interest receivable	3,104	3,172	[1]
Financial Liabilities:
Savings and interest-bearing demand deposits	372,404	359,400	[1]
Time deposits	396,614	368,670	[1]
Securities sold under repurchase agreements	6,323	6,089	[1]
FHLB advances	68,000	100,000	[1]
Subordinated notes, net	6,906	6,893	[1]
Fair Value, Inputs, Level 1
Financial Assets:
Cash and due from banks	7,419	7,685
Interest-earning deposits	23,894	18,981
Federal funds sold	92
Certificates of deposit		3,746
Financial Liabilities:
Noninterest-bearing demand deposits	124,670	114,122
Savings and interest-bearing demand deposits	372,404	359,400
Securities sold under repurchase agreements	6,323	6,089
Fair Value, Inputs, Level 2
Financial Assets:
Federal funds sold		625
Certificates of deposit	3,498
Loans held for sale	268	368
Accrued interest receivable	3,104	3,172
Financial Liabilities:
FHLB advances	67,886	99,727
Fair Value, Inputs, Level 3
Financial Assets:
Restricted securities	6,684	7,600
Loans receivable, net	911,497	877,114
Financial Liabilities:
Time deposits	398,254	369,347
Subordinated notes, net	7,032	7,046
Carrying Value
Financial Assets:
Cash and due from banks	7,419	7,685
Interest-earning deposits	23,894	18,981
Federal funds sold	92	625
Certificates of deposit	3,498	3,746
Restricted securities	6,684	7,600
Loans receivable, net	924,268	894,191
Loans held for sale	268	368
Accrued interest receivable	3,104	3,172
Financial Liabilities:
Noninterest-bearing demand deposits	124,670	114,122
Savings and interest-bearing demand deposits	372,404	359,400
Time deposits	396,614	368,670
Securities sold under repurchase agreements	6,323	6,089
FHLB advances	68,000	100,000
Subordinated notes, net	6,906	6,893
Fair Value
Financial Assets:
Cash and due from banks	7,419	7,685
Interest-earning deposits	23,894	18,981
Federal funds sold	92	625
Certificates of deposit	3,498	3,746
Restricted securities	6,684	7,600
Loans receivable, net	911,497	877,114
Loans held for sale	268	368
Accrued interest receivable	3,104	3,172
Financial Liabilities:
Noninterest-bearing demand deposits	124,670	114,122
Savings and interest-bearing demand deposits	372,404	359,400
Time deposits	398,254	369,347
Securities sold under repurchase agreements	6,323	6,089
FHLB advances	67,886	99,727
Subordinated notes, net	$ 7,032	$ 7,046
[1]	Derived from audited December 31, 2018 Consolidated Financial Statements.

Changes in Accumulated Other _3

Changes in Accumulated Other Comprehensive Income (Loss), net - Components of Accumulated Other Comprehensive Income (Loss) Net of Deferred Income Taxes (Detail) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019		Sep. 30, 2018
Accumulated Other Comprehensive Income (Loss) [Line Items]
Balance at beginning of period	$ 122,617	$ 115,724	$ 117,476	[1]	$ 114,554
Change in net unrealized holding gain (loss) on available-for-sale securities	233	(377)	1,667		(1,536)
Balance at end of period	124,857	116,547	124,857		116,547
Net Unrealized Gains (Losses) on Securities
Accumulated Other Comprehensive Income (Loss) [Line Items]
Balance at beginning of period	182	(1,648)	(1,252)		(489)
Change in net unrealized holding gain (loss) on available-for-sale securities	233	(377)	1,667		(1,536)
Balance at end of period	415	(2,025)	415		(2,025)
Pension and Post-retirement Benefit Plans
Accumulated Other Comprehensive Income (Loss) [Line Items]
Balance at beginning of period	(75)	(667)	(75)		(667)
Balance at end of period	(75)	(667)	(75)		(667)
Accumulated Other Comprehensive Income (Loss), net
Accumulated Other Comprehensive Income (Loss) [Line Items]
Balance at beginning of period	107	(2,315)	(1,327)		(1,156)
Change in net unrealized holding gain (loss) on available-for-sale securities	233	(377)	1,667		(1,536)
Balance at end of period	$ 340	$ (2,692)	$ 340		$ (2,692)
[1]	Derived from audited December 31, 2018 Consolidated Financial Statements.

Changes in Accumulated Other _4

Changes in Accumulated Other Comprehensive Income (Loss), net - Components of Accumulated Other Comprehensive Income (Loss) Net of Deferred Income Taxes (Parenthetical) (Detail) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Accumulated Other Comprehensive Income (Loss) [Line Items]
Change in net unrealized holding gain on available-for-sale securities, deferred income tax expense (benefits)	$ 62	$ (100)	$ 443	$ (408)
Net Unrealized Gain on Securities
Accumulated Other Comprehensive Income (Loss) [Line Items]
Change in net unrealized holding gain on available-for-sale securities, deferred income tax expense (benefits)	$ 62	$ (100)	$ 443	$ (408)

Subsequent Events - Additional

Subsequent Events - Additional Information (Detail) - USD ($) $ in Millions	Oct. 07, 2019	Oct. 18, 2019	Sep. 30, 2019
Subsequent Event [Line Items]
Debt instrument, interest rate			2.39%
Subsequent Event
Subsequent Event [Line Items]
Stock repurchase program, shares authorized to be repurchased percentage of outstanding common stock		3.00%
Subsequent Event | Maximum
Subsequent Event [Line Items]
Stock repurchase program, shares authorized to be repurchased		400,000
Subsequent Event | Subordinated Debt Due 2029
Subsequent Event [Line Items]
Debt instrument, face amount	$ 25
Debt instrument, callable month and year	2020-05
Debt instrument, maturity date	Oct. 15, 2029
Subsequent Event | Subordinated Debt Due 2029 | Fixed Rate Beginning October 7, 2019 Through October 14, 2024
Subsequent Event [Line Items]
Debt instrument, interest rate	5.625%
Debt instrument, frequency of payment	Payable semi annually in arrears
Subsequent Event | Subordinated Debt Due 2029 | Floating Rate From October 15, 2024 through October 14, 2029
Subsequent Event [Line Items]
Debt instrument, frequency of payment	Payable quarterly in arrears
Subsequent Event | Subordinated Debt Due 2029 | Floating Rate From October 15, 2024 through October 14, 2029 | Three-month SOFR
Subsequent Event [Line Items]
Debt instrument, basis points on variable rate	4.335%